0:14This is Episode 21 of Let's Talk Bitcoin, and like last time, this episode is a little bit different. Most of the time, speak to !"ests and hosts o#er the internet, e$es fi%ed on screens, talkin! to people from aro"nd the &orld.0:2(ohn Li!ht is a recent transplant to )orthern *alifornia, and after meetin! at Bitcoin 201+, asked him "p to the LTB homestead, t"cked into a can$on o"tside the )apa #alle$, s"rro"nded b$ steep red&ood forests.0:42Microphone in to&, &e sat on the bank of a creek and talked abo"t the f"t"re of identit$ in a net&orked &orld.0:4Toda$'s sho& is important.0:0-ran"larit$ is a concept &orth "nderstandin!. ma!ine the seaside, &a#es crashin! the shore. s a &hole, it's a sin!"lar ob/ect, a beach, it has its place, and it doesn't mo#e, it's enormo"s and persistent. t a !ran"lar le#el, it's billions of tin$ pieces of sand tidal impacts can mo#e indi#id"al !rains enormo"s distances, relati#el$ speakin!.1:1e talked abo"t identit$ in this conte%t. t's not abo"t the beach. t's abo"t the indi#id"al pieces of sand. Each one is a detail, attrib"te, e#ent. The$'re $o". 3i!ht no&, $o" pick either the beach, or no beach at all. B"t that's abo"t to chan!e.1:4ri#ac$. 5o" kno&, there &as a time before 6acebook, and a time before social net&orks in !eneral, and a time before frankl$ &ebsites &here e#er$thin! $o" p"t on them &as o&ned b$ the &ebsite.1: think that &e mi!ht be mo#in! back to&ards a time &hen s"ddenl$ this t$pe of !ran"lar control o#er $o"r o&n identit$ is possible, and it's beca"se of concepts like personal clo"ds.2:0'm sittin! here toda$ &ith (ohn Li!ht, one of the !ood !"$s so to speak, &orkin! on this identit$ problem and this personal control problem.