LETS TALK BITCOIN

Episode 81 Bitcoin for the People

Participants:
Adam B. Levine (ABL) - Host
Stephanie M!ph" (SM) # Co-host
Mi$hae% &a"$he! (M&) # &!esident o' So'tTo$h &OS S"stems
(avie! Ha)* ((H) # +onde! o' Co%on" Ea!th
The 'o%%o)in, p!o,!am is intended 'o! in'o!mationa% p!poses on%". Its not investment
advi$e and the opinions e-p!essed a!e the opinions o' the individa%s e-p!essin, them. Its
the .i%d .est ot the!e. /o "o! !esea!$h 0e'o!e pttin, mone" on the %ine.
Toda" is +e0!a!" 1
th
2341. .e%$ome to Episode 54 o' Lets Ta%* Bit$oin6 a t)i$e )ee*%"
sho) a0ot the ideas6 peop%e and p!o7e$ts 0i%din, the di,ita% e$onom" and the 't!e o'
mone". M" name is Adam B. Levine and Im the edito!-in-$hie' at the LTB net)o!* and
toda"s episode is a0ot ho) Bit$oin and $!"pto$!!en$" a!e di''e!ent thin,s to di''e!ent
peop%e. Ive o'ten noted that $!"pto$!!en$"6 pe!ma$%t!e and 8/ p!intin, have a
t!emendos amont o' ove!%ap in thei! adhe!en$e 0e$ase the" a!e a%% s"stemi$ app!oa$hes to
0i, p!o0%ems # mone"6 a,!i$%t!e and man'a$t!in,6 !espe$tive%".
Im not a%one in this tho,ht and (avie! Ha)* !e$ent%" spo*e a0ot his ta*e on
$!"pto$!!en$"6 ho) he $ame to it and )he!e hes ta*in, it 'o! the 0ette!ment o' his
p!o7e$t6 Co%on" Ea!th
Then6 Ive had a se$!et 'o! a )hi%e. Its $a%%ed LTB$oin and I%% e-p%ain )hat I mean
at the end o' toda"s episode
+i!st6 Stephanie M!ph" $a,ht p )ith Mi$hae% &a"$he! to ta%* a0ot the %atest point
o' sa%e s"stems 'o! Bit$oin and ho) thei! te$hno%o," $an '!ee se!ve!s '!om the need to
hand%e mone" at a%%
En7o" the sho)9 :4;4<=
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Stephanie Murphy interview with Michael Paycher
SM: Hi6 this is Stephanie M!ph" 'o! Lets Ta%* Bit$oin. Im he!e toda" and Im ta%*in,
)ith Mi$hae% &a"$he! '!om So'tTo$h. Hi Mi$hae%6 )e%$ome to the sho). :4;2?=
MP: Hi and than* "o. :4;84=
SM: So'tTo$h is a $ompan" that ma*es point o' sa%e s"stems and !e$ent%" I hea!d a0ot
"o in the ne)s 0e$ase "o a!e ma*in, a p!od$t that inte,!ates Bit$oin pa"ments6 is that
!i,ht@ :4;12=
MP: Aes6 thats $o!!e$t. .eve ta*en o! '%a,ship point o' sa%e p!od$t and )e have
inte,!ated Bit$oin pa"ment p!o$essin, into it. :4;B3=
SM: Ao! '%a,ship p!od$t and that )o%d 0e sed in !esta!ants and othe! t"pes o' sto!es
)he!e peop%e a!e 0"in, ph"si$a% ,oods@ :4;B5=
MP: .e!e p!ima!i%" 'o$sed on the !esta!ant indst!". .e have o! point o' sa%e s"stem
and is sed in seve!a% $apa$ities. One o' them is 0" the )ait sta''6 o' $o!se6 a'te! the o!de!s6
to do o!de! ent!" 'o! the $stome!s. Anothe! app!oa$h is6 o' $o!se6 dine!s )he!e the
$stome! )o%d app!oa$h the $ashie! di!e$t%". In eithe! $ase6 )e have $!eated a so%tion that
a%%o)s them to se Bit$oin as a 'o!m o' pa"ment. :2;2B=
SM: Ho) )o%d that )o!* i' a $stome! ,oes to a !esta!ant6 %ets sa"6 the"!e sin,
So'tTo$h &OS s"stems6 the $stome! )ants to pa" )ith Bit$oin6 ho) )o%d the" ,o a0ot
doin, that@ :2;81=
MP: In a t!aditiona% eate!" settin,6 "o!e sittin, at the ta0%e and "o eat "o! mea% and6 at
some point6 "o sa" # Im done and "o $an as* 'o! a ,est $he$*. The!e a!e seve!a%
di''e!ent )o!* '%o)s 0t p!o0a0%" the simp%est is "o ,et "o! ,est $he$* and the!es a CD
$ode !i,ht the!e on the $he$*. Ao $an se "o! phone to s$an the CD $ode and that
immediate%" 0!in,s "o p to o! p!op!ieta!" Bit$oin pa"ment s$!een. :8;33=
SM: Thats sonds !ea%%" eas". The !esta!ant )o%dnt have to have a dedi$ated ta0%et o!
somethin, that the" 0!in, ove! to the ta0%e. The" $o%d a$ta%%" p!int a pape! !e$eipt and it
)o%d have a CD $ode6 )he!e the $stome! $o%d then pa" the invoi$e )ith Bit$oin@ :8;41=
MP: Thats $o!!e$t. That CD $ode # !i,ht no) )e!e inte,!ated )ith Bit&a" as Bitpa"ment
,ate)a" and )hat )eve done is )eve $!eated a so%tion that a%%o)s that CD $ode to !eEest
an invoi$e '!om Bit&a" )hi$h then the" $an ma*e sin, thei! o)n Bit$oin )a%%et on thei!
mo0i%e devi$e. :8;88=
SM: Ho) %on, has this 0een ot6 'i!st o' a%%@ :8;8<=
MP: .eve !e%eased this t)o o! th!ee months a,o. .eve 0een ma!*etin, it sin$e then.
:8;13=
SM: Ho) has the adoption 0een@ Have "o had a %ot o' inte!est in !esta!ants )antin, to
se the s"stem@ :8;1B=
MP: .eve had some inte!est. The ma7o!it" o' inte!est has a$ta%%" 0een on the pat!on side.
.eve ,ot a %ot o' peop%e sa"in, # .o)9 .he!e is "o! !esta!ant@ .e )ant to ,o and eat
the!e 0e$ase )e )ant to pa" in Bit$oin. On the indst!" side6 )e havent seen as m$h
inte!est and )e e-pe$ted as m$h. The !esta!ant indst!" is t"pi$a%%" s%o) to adopt ne)
$on$epts and ne) te$hno%o,". .e 0e%ieve that its inevita0%e most !etai%e!s and !esta!ants
a!e ,oin, to a$$ept this at some point so )e de$ided to 0e a %eade! and not a 'o%%o)e!. :1;4?=
SM: Thats !ea%%" inte!estin, that the demand seems to 0e d!iven 0" the $stome!s. No)
"o!e the &!esident o' So'tTo$h. .as this "o! idea@ :1;2<=
MP: A0ot a "ea! a,o o! a %itt%e 0it mo!e6 I sta!ted to 0e$ome a Bit$oin enthsiast. I tho,ht
the )ho%e $on$ept )as 'as$inatin, and did some t!adin, m"se%'. I had !ead an a!ti$%e a0ot
some !etai%e!s and some !esta!ants a$$eptin, Bit$oin and it seemed to 0e mo!e than 7st a
nove%t". The" )e!e havin, some %e,itimate 0siness )ith it. Thats )hen )e )e!e $onne$ted
)ith Bit&a" and de$ided to ,o ahead and $!eate that so%tionF that inte,!ated so%tion. :1;BB=
SM: Be'o!e "o tho,ht o' this6 had "o eve! t!ied to ,o to a !esta!ant6 o! some)he!e
)he!e the!e )as... %i*e a ph"si$a% sto!e and pa" 'o! somethin, )ith Bit$oin "o!se%'@ :B;38=
MP: No6 not pe!sona%%". I hadnt tho,ht o' it so m$h in that $apa$it". I )as mo!e in the
t!adin, side and the )ho%e $!"pto$!!en$" )as 7st ve!" 'as$inatin, to me 0t "eah6 on$e I
!ead a0ot it6 it da)ned on me that "o $o%d !ea%%" se this in a mo!e t!aditiona% settin, and
at that point6 )e de$ided # He"6 %ets 7st ,o ahead and inte,!ate this. :B;2B=
SM: Had "o eve! 0o,ht an"thin, on%ine )ith Bit$oin # p!$hased an item@ :B;25=
MP: That I $an !e$a%%6 I hadnt sed it 'o! p!$hasin, at that time. Id 7st done some
nove%t" p!$hases 0t Im )aitin, 'o! AmaGon to a$$ept it. (La,hte!) :B;85=
SM: (La,hte!) Di,ht. The !eason I as* is 0e$ase Ive had some e-pe!ien$e )ith
p!$hasin, thin,s )ith Bit$oin6 0oth ,oin, to a !esta!ant and t!"in, to pa" the 0i%% )ith
Bit$oin and p!$hasin, ph"si$a% items6 o! even donatin, to a $ha!it" in pe!son 0" s$annin, a
CD $ode on thei! tip 7a! that the" had. E-$ept 'o! that %ast s$ena!io6 a%% o' them )e!e *ind o'
$m0e!some. Oh6 and a%so 0"in, thin,s on%ine. It $an 0e a %itt%e 0it $m0e!some )hen "o
,o to a !esta!ant. One o' the isses that I $ame p a,ainst )as ho) 'ami%ia! the sta'' o' the
!esta!ant )as6 o! the sto!e6 )ith Bit$oin. I !emem0e! ,oin, to a !esta!ant on$e )he!e I
)anted to pa" the 0i%% )ith Bit$oin and I )ent the!e spe$i'i$a%%" 0e$ase the" )e!e sin,
Bit$oin at that !esta!ant. The 'ood )as ,!eat and then the 0i%% $ame and it )as time to 'inish
dinne!. I as*ed the )ait!ess # He"6 $an I pa" 'o! this in Bit$oin and she said # E!6 Ive neve!
done that 0e'o!e6 %et me ,o $he$* on that. (La,hte!) :<;81=
MP: It 0e$omes a !esea!$h p!o7e$t at that point. :<;8<=
SM: Sta'' t!ainin, $an 0e an isse. /oes So'tTo$h o''e! an" *ind o' t!ainin, o! somethin,
that mi,ht ease the !esta!ants 'ea!s a0ot t!ainin, thei! sta'' to do Bit$oin pa"ments@ :<;1H=
MP: .e have ,one to ,!eat %en,ths to simp%i'" that pa"ment p!o$ess. /ependin, on the
)o!*'%o)6 it va!ies s%i,ht%" so6 the )o!*'%o) that I ot%ined ea!%ie! that des$!i0ed the
$onventiona% settin,. On$e the" !e$eive the ,est $he$*6 a%% the inst!$tions a!e !i,ht the!e.
I' the pe!son is *no)%ed,ea0%e o' Bit$oin and a%!ead" has a Bit$oin )a%%et6 its simp%e. The
)ait sta'' isnt even invo%ved at that point. It sa"s !i,ht on the !e$eipt "o $an pa" )ith
Bit$oin6 s$an this $ode and eve!"thin, happens !i,ht the!e on thei! pe!sona% devi$e. It doesnt
invo%ve the )ait sta''. .eve ,one one step '!the! # )eve even inte,!ated it into a p!od$t
that )e $a%% ICi$*&a" # /ine,%ass Ci$*&a". .hat this p!od$t a%%o)s is the pat!on to do
is pa" thei! 0i%% 0e'o!e the" even !e$eive a ,est $he$* so the!e is a %itt%e p%a$a!d on the ta0%e
that sa"s # He!es "o! ta0%e $ode6 ,o to Ci$*&a"./ine,%ass.$om6 ente! this $ode and no)6
on thei! pe!sona% devi$e6 the" $an see thei! ,est $he$* e%e$t!oni$a%%". The" dont even have
to en,a,e the )ait sta''. At that point6 the" a!e p!esented )ith options that sa"s # Ao $an
pa" )ith $!edit $a!d6 "o $an pa" )ith Bit$oin. I' the" )ant to pa" )ith Bit$oin6 its !i,ht
the!e. Je!"6 ve!" simp%e and )eve done a %ot o' se-$ase testin, to ma*e s!e that )e didnt
$!eate an" o0sta$%es o! 0!den 'o! the !esta!ant )ith !espe$t to the pa"ment p!o$ess.
Anothe! )o!*'%o) is the 'ast-'ood settin, o! Ei$* se!vi$e )he!e "o pa" 0e'o!e "o ,et "o!
'ood and a,ain6 )eve done the same thin,. I' the pe!son )ants to pa" )ith Bit$oin !i,ht
the!e at the $ashie!6 the"%% a$ta%%" p!int ot the !e$eipt at that point6 hand it to them )ith the
CD $ode6 the" $an pa" and that pa"ment )i%% 0e !emitted immediate%" and the $ashie! )i%% ,et
a noti'i$ation6 so shes a$ta%%" %oo*in, at he! s$!een )hen the $stome! sa"s # I )ant to pa"
)ith Bit&a". .eve p!ovided a%% the inst!$tions inte!a$tive%" !i,ht onto he! s$!een so she
doesnt need to $a%% the mana,e! i' shes neve! done it 0e'o!e. Its ,oin, to te%% he! e-a$t%"
)hat to do. Its an inte!a$tive tto!ia% as )e%% as the pa"ment p!o$ess itse%' thats em0edded
into the s"stem. :5;B1=
SM: This sonds !ea%%" ,!eat. One thin, I )anted to mention Ei$* 0e'o!e I as* "o the ne-t
Eestion I had in mind )as6 I *no) that the!e a!e a%so some peop%e )ho mi,ht 0e $on$e!ned
a0ot # this doesnt happen too o'ten 0t the!e have 0een some $ases in the past )he!e the!e
have 0een !esta!ants )he!e the )ait sta'' )i%% stea% $!edit $a!d nm0e!s and st'' %i*e that
and so6 ,ivin, "o! $!edit $a!d to some0od" that "o dont *no) mi,ht 0e somethin, that
peop%e dont )ant to do. .ith Bit$oin6 "o dont have to ,ive p an" pe!sona% in'o!mation.
Ao $an 7st pa" the invoi$e !i,ht the!e. Thats a $oo% 'eat!e I thin* that $o%d $t do)n on
$!edit $a!d the't. :?;2H=
MP: A0so%te%". :?;25=
SM: Is the!e eve! an isse )ith some0od" sendin, a Bit$oin pa"ment6 'o! instan$e6 and then
%eavin, 0e'o!e the pa"ment ,ets the 'i!st $on'i!mation and pe!haps the" %ost inte!net6 o! the"
didnt add a t!ansa$tion 'ee@ The Bit$oin pa"ment neve! ,ets $on'i!med on the Bit$oin
net)o!* 0t the invoi$e is ma!*ed paid 0e$ase the" did attempt to send that pa"ment. Is that
eve! an isse o! $an that not happen@ :?;B3=
MP: I dont 0e%ieve that that $an happen. .hat )e do is )e !e$eive $on'i!mation th!o,h
Bit&a" and6 at that point6 the" a!e 0asi$a%%" sa"in, that this t!ansa$tion is pe!mitted and its
,oin, to ta*e p%a$e even i' the 0%o$*$hain hasnt p!ovided a%% the $on'i!mations ne$essa!".
.hat )i%% t"pi$a%%" happen is6 on$e the pe!son pa"s a,ainst that invoi$e6 )e )i%% monito! 'o!
that $on'i!mation. The $ashie! )i%% 0e )e%% a)a!e o' that 0e$ase shes )at$hin, the s$!een
that sa"s I.e a!e )aitin, 'o! $on'i!mation. As soon as she ,ets it6 she%% *no) that the
pa"ment )as !e$eived. In the othe! settin,6 )he!e the pe!son is pa"in, 0" phone )ithot
en,a,in, an" o' the )ait sta'' and pa"ment 0" mo0i%e devi$e6 its ,oin, to 0e a simi%a!
p!o$ess. It )i%% a$ta%%" sit the!e and sho) them that thei! pa"ment is p!o$essin, and it )ont
ta*e them to thei! 'ina% !e$eipt nti% that pa"ment is $on'i!med. Its a !ea%%" n%i*e%" s$ena!io6
i' even at a%% possi0%e. :43;BB=
SM: .hat i' some0od" # Im 7st t!"in, to pi$t!e eve!"thin, that $o%d possi0%" ,o )!on,
and a$ta%%" a %ot o' these have happened to me at some point # )hat i' some0od" ma*es an
e!!o! )hen the"!e pa"in, and sends the )!on, amont o' Bit$oin to the invoi$e. This
a$ta%%" happened to me too6 0" the )a". I )as 0"in, a $p o' soda6 I thin*6 at a sto!e and I
)as pa"in, )ith Bit$oin and it )as6 I 0e%ieve6 3.332 0it$oins6 o! somethin, %i*e that. I
s$!e)ed p and I sent 3.326 I sent ten times too m$h. The $ashie! had to mana%%" send me
3.345 0a$*. I' some0od" is sin, one o' "o! s"stems6 does the $ashie! have the a0i%it" to
!e'nd a pa"ment thats too 0i, o! i' some0od" ma*es a mista*e - $an the" someho) ,et
!e'nded )ith thei! Bit$oin@ :44;14=
MP: Aeah6 the" $an a$ta%%" ,o th!o,h the Bit&a" mana,ement $onso%e and do the !e'nd.
At this time6 )e dont sppo!t the !e'nds th!o,h the &OS s"stem6 )e !edi!e$t them to
Bit&a" to do that. A,ain6 its ve!" n%i*e%" 0e$ase o' the invoi$in, s"stem that )e se.
The!es a 0tton that sa"s IOpen Bit$oin )a%%et and as soon as the" $%i$* that6 )e p!e-
pop%ate the pa"ment amont 0ased on the ,!atit" that the"ve in$%ded o! added and the
$he$* amont. Its p!e-pop%ated the e-a$t amont that the"ve a%!ead" de$%a!ed that the"
)ant to pa". The" sho%d neve! eve! $han,e that nm0e! 0e$ase it a%!ead" mat$hes the
invoi$e amont. A,ain6 )e!e t!"in, to !ed$e the oppo!tnit" 'o! those *inds o' e!!o!s to
o$$!. Aes6 i' some0od" 'o! some !eason de$ided to $han,e the amont and then $a,ht on to
it %ate!6 the" $o%d $e!tain%" ,et a !e'nd th!o,h Bit&a"6 th!o,h the pa"ment ,ate)a".
:42;82=
SM: One %ast Eestion # )hat i' a se!ve! at a !esta!ant )anted to *eep thei! tips that the"
!e$eived in Bit$oin6 $o%d the" do that o! does it depend on6 sin$e the !esta!ant is p!o0a0%"
$onve!tin, the Bit$oin to $ash and not *eepin, it in Bit&a"6 $o%d a se!ve! de$ide to do that
on thei! o)n@ :42;1?=
MP: At this %eve% o' inte,!ation6 "o!e !i,ht6 most o' it is 0ein, $onve!ted 0a$* to $ash o!6
even i' the !esta!ant ope!ato! e%e$ts to *eep eve!"thin, as native Bit$oin on the Bit&a"
,ate)a" side6 )hat )i%% happen is )hen that se!ve! )ants to 0e paid6 at the end o' the ni,ht6
o! s"stem )i%% atomati$a%%" $a%$%ate thei! tips in $ash amont in KS do%%a!s. At this point6
)eve not app!oa$hed that se-$ase o! $ome p )ith a so%tion 'o! that. .ed %i*e to see
some adoption a$!oss the !esta!ant indst!" and then6 pe!haps6 de%ve into that. One o' the
thin,s )e )e!e ta%*in, a0ot ea!%ie!6 )ith !espe$t to the se$!it" side o' pa"in, )ith Bit$oin6
"o )e!e a0so%te%" on point )ith not havin, to s!!ende! a $!edit $a!d and6 o' $o!se6 one o'
the othe! ,!eat oppo!tnities o! advanta,es 'o! the !esta!ant ope!ato!s is the %o)e! $ost o'
t!ansa$tion 'ees that the" )o%d pa" on those Bit$oin t!ansa$tions 'o! $!edit $a!d t!ansa$tions.
Its an impo!tant point6 I thin*6 that the ope!ato!s need to nde!stand that as the pop%a!it" o'
this in$!eases that the" stand to ma*e mo!e mone" 0" sin, it. :41;3B=
SM: Mi$hae%6 than* "o so m$h 'o! "o! time. Mi$hae% &a"$he! # hes the &!esident o'
So'tTo$h &OS S"stems and "o $an visit thei! )e0site at ))).So'tTo$h&OS.$om. On the
'!ont pa,e6 "o!e ,oin, to see a 0i, s%ide! that sa"s I.e have Bit$oin inte,!ation and I thin*
thats ,!eat. Mi$hae%6 than* "o so m$h 'o! ta*in, the time to ta%* )ith me toda". :41;28=
MP: Than* "o so m$h 'o! havin, me. :41;2B=
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
ADVE!:
This is Ch!is Loseph 0!in,in, "o ne)s on N-t6 the 'i!st t!e se$ond ,ene!ation
$!"pto$!!en$" 'o! +e0!a!" 1
th
2341. N-ts a!0it!a!" messa,es 'eat!e a%%o)s data in an"
'o!mat to 0e t!ansmitted and se$!ed 0" the de$ent!a%iGed N-t 0%o$*$hain. Nme!os
deve%ope!s s0mitted app%i$ations o' this 'eat!e to a $ontest that $%osed on +e0!a!" 4
st
.
S0mitted p!o7e$ts in$%de an en$!"pted messa,in, s"stem6 a T)itte!-%i*e app%i$ation6 a
to!!ent %in* sto!a,e s"stem6 se!-to-se! messa,in, apps 'o! And!oid6 .indo)s and i&hone
and a )a%%et metadata sto!a,e s"stem. The $ommnit" voted on thei! 'avo!ites ove! the
)ee*end and a tota% 0ont" o' 4<36333 N-t )as a)a!ded as p!iGes. +o! mo!e in'o!mation6
head to ))).N-t$!"pto.o!, o! ))).M"N-t.o!,. Sta" tned 'o! mo!e ne)s on N-t in the
ne-t Lets Ta%* Bit$oin 0!oad$ast. :4B;2B=
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
He%%o eve!"0od". M" name is (avie! Ha)*. Im the 'onde! o' Co%on" Ea!th6 a sma%% e$o-
deve%opment !i,ht otside o' Ashevi%%e6 No!th Ca!o%ina. Im ,oin, to 0e ta%*in, a %itt%e 0it
a0ot pe!ma$%t!eF Im ,oin, to 0e ta%*in, a0ot the pe!ma$%t!e o' Bit$oinF Im ,oin, to
0e ta%*in, a0ot t!ends in the hosin, ma!*et and t!ends in ,ene!a% and )hat )e!e ,oin, to
0e seein, in the 't!e and ho) the mode% that Ive $ome p )ith 'o! deve%opments is ,oin,
to 0e the )a" o' the 't!e. :4B;B2=
&e!ma$%t!e in t)o )o!ds is Ipe!manent $%t!e6 one )o!d6 s"m0iosis. /oes an"0od" he!e
not *no) )hat pe!ma$%t!e is@ OK. Basi$a%%"6 )hat )e!e doin, is )e!e mimi$*in, the
s"stems in nat!e in o!de! to p!od$e 'ood and p!ospe!it" 'o! o!se%ves and 'o! those a!ond
s. Its the idea o' sin, !minants %i*e $o)s and ,oats to p%o,h a 'ie%d6 d!oppin, thei!
d!oppin,s and 'e!ti%iGin, the 'ie%d and then ,!o)in, p%ants the!e. Its a )a" o' in$!easin,
"ie%ds )ith %ess inpts and sta$*in, s"stems6 *ind o' %i*e ve!ti$a% inte,!ation in $o!po!ate
st!$t!es. Ao )ant to have as m$h 'n$tiona%it" as "o $an in one %itt%e spa$e and $!eate a
%ot o' a0ndan$e. In t)o )o!ds6 Ipe!manent $%t!e6 in one )o!d6 Is"m0iosis. The
o!i,inato!s a!e Bi%% Mo%%ison and /avid Ho%m,!en and then6 Meo'' La)ton as )e%%6 0t the"
a%% (7st to ,ive "o a 0!ie' histo!") %oo* 0a$* to this ," and his name is Masano0 +*o*a.
He sa"s that the %timate ,oa% o' 'a!min, is not the ,!o)in, o' $!ops 0t the $%tivation and
pe!'e$tion o' hman 0ein,s. The!e is a !ea%%" ,!eat thin, that happens )hen "o sta!t di,,in,
in the di!t. Ao sta!t di,,in, in "o! o)n spi!ita% di!t and "o sta!t %ea!nin, and 0e$omin,
mo!e o' a t!e hman. M! +*o*a %oo*s 0a$* at these 'o%*s )ho a!e some o' m" an$esto!s
and the )a" the" did pe!ma$%t!e )as %i*e this. Basi$a%%"6 )hat the" did is the" %oo*ed at
the s"stems in nat!e and the" didnt sa" that these a!e s"stems )he!e )e ,ained '!om # these
a!e o! nei,h0o!s. These a!e o! '!iends. This '!iend %i*es this '!iend and ,!o)s 0ette! )ith
this '!iend and )hen this '!iend ,!o)s in this a!ea )ith this one6 it doesnt do so )e%% and )e
dont ,et so m$h 'ood. .hen the sett%e!s 'i!st $ame to the Knited States6 o! )hat is no) the
Knited States6 the" %oo*ed at a%% o' these meado)s and said # The!es 7st 'ood ,!o)in,
eve!")he!e. It didnt %oo* %i*e )hat )e see as a,!i$%t!e6 it )as mo!e o' a s"m0ioti$
!e%ationship 0et)een hmans and thei! non-hman '!iends. :4H;8B=
The $oo% thin, a0ot pe!ma$%t!e... I mean this is a !ea% ove!vie). This is !ea%%" 7st
to$hin, on it. The!es the th!ee siste!s6 to ,ive "o an e-amp%e. Co!n ,!o)s ta%%6 its 'i!m6
0eans %i*e to ,!o) p t!e%%ises and sEash %i*es the shade and it a%so p!events )eeds '!om
,!o)in,. The th!ee siste!s ,!o) )e%% to,ethe! 0e$ase $o!n ,!o)s ta%%6 ta*es nit!o,en # 0eans
'i- nit!o,en and ,!o) p the $o!n and the sEash ,!o)s on a ,!ond %a"e! in the shade and
p!events )eeds '!om ,!o)in,. This is an e-amp%e o' inte!dependent mta%%" 0ene'i$ia%
s"stems. &eop%e in pe!ma$%t!e a!e ea!%" adopte!s6 passionate6 the"!e !is* ta*e!s6 the"!e
$!eative6 and the"!e a dis!ptive6 '!ee-thin*in,6 $ommnit" minded and ve!" inte%%i,ent6 a %ot
%i*e s6 the Bit$oin $ommnit". .e have mta%%" inte!dependent 0ene'i$ia% s"stems %i*e
C"phe!pn*s6 mine!s6 minin, poo%s # a%% o' these di''e!ent s"stems that a!e $omin, into p%a"
to 0e a0%e to sppo!t one anothe!6 to sppo!t this e$o-s"stem. .he!e )e!e at )ith Bit$oin is
a 0!and a)a!eness sta,e. .e a!e t!"in, to ,et mo!e peop%e to 'ind ot a0ot it and to se it.
The di''e!ent $ompanies that a!e sta!tin, to a$$ept Bit$oin a!e $ate!in, to s 0t )hat )e
need to do as a $ommnit" is ,!o) the ot%ets 'o! sa,e6 not 7st peop%e )ho a!e a$$eptin,
Bit$oin 0t ,ive in$entives 'o! peop%e6 )ho dont nde!stand )hat it is6 to sta!t sin, it.
An"0od" )hos in ma!*etin, )i%% nde!stand that "o need to ta!,et ma!*et. Ao $ant 7st
0!oad 0%an*et and sa" # Im ,oin, to ,o and do this and eve!"0od"s ,oin, to %ove it. M"
point )ith the pe!ma$%t!e 'o%*s is that the" a!e ve!" simi%a! to s. The!es a vesi$a pis$is
thats ,oin, to happen 0et)een the t)o metasphe!es o' Bit$oin and pe!ma$%t!e and othe!
di''e!ent sphe!es as )e%% 0e$ase the"!e %i*e minded 'o%*s and %i*e minded individa%s.
:4?;4B=
M" so%tion is hosin, 'o! a pe!ma$%t!e 0ased %i'est"%e. The )a" )ed do this is... %ets 7st
sa" that )e 'se 24
st
$ent!" 0!ea*ne$* speed te$h advan$ements )ith an$ient )isdom
t!aditions. I' )e6 as a $ivi%iGation6 a!e ,oin, to $ontine on6 )e a!e ,oin, to need to
imp%ement the )isdom and the t!aditions o' o! an$ient o!i,ins to 0e a0%e to mat$h the
te$hno%o,i$a% advan$ements that )e have6 o! )e!e ,oin, to 0e the 'a0%ed At%antis and 7st
dest!o" o!se%ves )ith a%% o' o! te$hno%o,"6 t"pe thin,. This is a pi$t!e o' 000%es o' )ate!
on ,%ass (%a,hte!) and the !eason )h" is 0e$ase I have this !ea%%" a)esome ,!eenhose that
has a 0i, !ain sho)e! in it and it )as po!in, sno) and it )as 23 de,!ees otside. I )as
sittin, in the 0atht06 ve!" $om'o!ta0%e at a ?3 de,!ee ,!eenhose and I sa) these 000%es
,oin, do)n the ,%ass6 these !aind!ops and I !ea%iGed that pe!ma$%t!e )as this 0i, 000%e
that )as sittin, !i,ht the!e and then Bit$oin )as this 'ast movin, %itt%e pssshhhGoom9 that
$ame th!o,h. It hit the pe!ma$%t!e 000%e. The pe!ma$%t!e metasphe!e has 0een a!ond
sin$e the <3s and H3s and Bit$oin has on%" 0een a!ond 'o! a 'e) sho!t "ea!s 0t its movin,
'aste! and the" 0oth a!e $omp!ised o' the same $omponents6 essentia%%". One is te$h and one
is $!ops. The idea o' havin, the 'sion o' these metasphe!es # )eve ,ot pe!ma$%t!e )hi$h
is this s%o) movin, 000%e thats 0een ,oin, do)n and then Bit$oin $omes pssshhhGoom9
And the" a$ta%%" 7st $onne$ted %i*e this and the )ho%e thin, )ent a )ho%e %ot 'aste! than
0oth o' the t)o on thei! o)n. The point is is that )e need to ta!,et ma!*et o! e''o!ts. The
t!ends o' the past iBo-6 phones6 Do%e-s6 a!e ,oin, to ,ive )a" to the t!ends o' the 't!e
)hi$h is ,oin, to 0e $%ean 'ood and )ate!. The!e a!e a nm0e! o' devastatin, events that a!e
,oin, a!ond on the p%anet !i,ht no) that6 in t)ent" "ea!s6 ,ettin, an o!an,e is ,oin, to 0e a
!ea%%" niEe t!eat # %ets 7st pt it that )a". .hat that means is that eve!"0od" )ants
hea%th" 'ood6 the Lohas demo,!aphi$s6 the Lohas ,ene!ation # peop%e )ant to have o!,ani$
'ood6 0iod"nami$ 'ood6 $%ean )ate!6 no $h%o!ine6 and no '%o!ide. These a!e ,oin, to 0e the
t!aits and the stats s"m0o%s o' the 't!e and its a%!ead" sta!tin, no). .eve ,ot p!o0%ems
)ith the !ea% estate and hosin, ma!*et # a%% o' these thin,s6 'ai%!es a0ond and the p%a"in,
'ie%d is $han,in,. &eop%e a!e %ess $on$e!ned )ith home o)ne!ship. :24;8H=
I o)n p!ope!t" and I thin* that I o)n it 0e$ase i' I dont pa" m" ta-es on it6 some0od" is
,oin, to $ome 0" )ith a ,n and te%% me to %eave it. The $on$ept o' )hat )e thin* )e o)n6
in te!ms o' !ea% estate and %and6 is $omp%ete%" a 'a%%a$" and )hats happenin, no) is that
the!e a!e di''e!ent $ommnities that a!e poppin, p )he!e !athe! than ,et... )hat do "o o)n
!ea%%" )hen "o o)n a pie$e o' p!ope!t"@ Ao o)n a pie$e o' pape! that sa"s "o have the
se o' this %and 'o! a pa!ti$%a! pe!iod o' time6 ho)eve! %on, that is6 0ein, "o! %i'e o! i' "o
deed it to "o! $hi%d!en6 o! i' "o t!ans'e! it and se%% it. Ao have !i,hts to se this p!ope!t"
and do )ith it as "o p%ease. .hat )e do is !ede'ine o)ne!ship and )e pt the p!ope!t" and
the $o!po!ate o)ne!ship o' the deve%opment and then eve!"0od" $omes and 7oins and
0e$omes a mem0e! and the" 0" a pie$e o' pape! that sa"s # Ao have the !i,hts to se it in
this )a"6 shape and 'o!m. Ao $an deed it6 "o $an t!ans'e! it6 "o $an se%% it6 and )hatnot.
.e !ede'ine it that )a". Basi$a%%"6 )e 0"6 o)n and deve%op the %and and )e )i%% 0e pttin,
them in s*"s$!ape!s and )hat )e $an do is )e $an ma*e s"stems s$h that )e a!e po)e!
,ene!ation # )e $!eate o! o)n po)e!6 )e )aste mana,ement6 ta*e $a!e o' o! o)n )aste
mana,ement ti%iGin, a%% the s"stems o' pe!ma$%t!e to sta$* a%% o' these thin,s so that
the"!e a%% $!eatin, a hi,he! "ie%d as it )e!e. In ea$h o' o! deve%opments6 )e $an p!ovide
hosin,6 $%0 hoses and !et!eat $ente!s. Ima,ine a ,o%' $o!se that "o 'ind he!e in Soth
+%o!ida # a hi,h end ,o%' $o!se6 ,ated $ommnit" )he!e peop%e pa" to 0e the!e and peop%e
a!e ta*in, $a!e o' the ,o%' $o!se. Ao ,o to a $%0 and the" have a 0a! and a%% *inds o' $oo%
a$tivities that ,o on the!e. No) ima,ine6 instead o' a ,o%' $o!se6 its pe!ma$%t!e ,a!dens
and "o have 'ood de%ive!ed to "o! hose eve!" da"6 '!esh e,,s '!om the $hi$*ens in the
$op6 '!esh )ate! and a%% o' that. .e!e a0%e to p!ovide onsite emp%o"ment6 hosin,6
ed$ation a$tivities and a%% o' this 'o! o! mem0e!s. Essentia%%"6 %i*e I said6 the mem0e!s 0"
a $ont!a$t into o! e$o-vi%%a,e 'o! an int!od$to!" p!i$e that )o%d 0e eEiva%ent to a
mo!t,a,e. Cite inte!estin,%" eno,h6 )hen this ,ets to '%% deve%opmenta% sta,e )he!e its
ope!atin, and )eve ,ot a nm0e! o' these mem0e!ship vi%%a,es a!ond the p%anet6 "o $o%d
0" one p%a$e in Cpe!tino 'o! the p!i$e o' 'o!. The 'o! hoses that "o have # one in
Sin,apo!e6 one in B!aGi%6 one in the Knited States ()he!eve! it mi,ht 0e)6 the"!e a0%e to
p!ovide "o )ith a !evene so!$e so6 )hi%e "o!e not sin,... *ind o' %i*e a timesha!e.
:28;BH=
Essentia%%"6 )hat Ive 0een doin, is Ive ta*en m" "ea!s o'... %itt%e 0it o' 0a$*,!ond # I )as
a $ons%tant he!e in Soth +%o!ida6 ha$*ed %i'e6 !eti!ed at thi!t"6 moved and 0o,ht this 'a!m
and I )as %i*e # Im ,oin, to ,o 0e$ome Nen on the montain and Im ,oin, to ,!o)
ve,eta0%es and t!ade m" inte%%e$t time in ho!s 'o! 'ood !athe! than do%%a!s. I )as %oo*in, at
it and m" mind 7st )ent on and on and I )as %i*e # The!es ,ot to 0e a )a" 'o! this to
0e$ome p!o'ita0%e6 and a0ndant6 and se%' s''i$ient6 and ta*e $a!e o' itse%' and !ep%i$ate in
s$a%e. .hat I did is I $ame p )ith this )ho%e 0siness mode% 0ased on pe!ma$%t!e. I )as
%i*e # OK6 so I pt ot an ad on C!ai,s%ist. Come and %ive in o! p%a$e 'o! O8B3Pmonth p%s
4B ho!s o' %a0o!. I pt the ad ot on C!ai,s%ist 'o! one da" and I had 1B peop%e app%". I on%"
had !oom6 at $apa$it"6 'o! 4B. I said6 Ive !ea%%" ,ot somethin, he!e. I sta!ted %oo*in, at the
p!ope!t" mo!e and the pi$t!e at the ve!" 0e,innin, )as the p!ope!t"... I%% see i' )e $an ,o
0a$* to it at the end 0t... so essentia%%"6 "o 0" a !esidentia% $ont!a$t o! a tempo!a!"
$ont!a$t6 )o!*Pt!ade $ont!a$t and a%% so!ts o' thin,s. Ao!e 0"in, a %i'e%on, t!ans'e!a0%e
$o!po!ate mem0e!ship )ith %and se $%ases and )hat )e do 'o! 'o%*s )ho a!e do$to!s and
%a)"e!s6 )ho dont nde!stand pe!ma$%t!e 0t %i*e it and %i*e the $%ean ve,eta0%es and that
so!t o' thin,6 the" $ome and %ive the!e and the" have an oppo!tnit" to %ea!n ho) the s"stems
)o!*. The" $an inte!a$t )ith the s"stems and the" ,et the 0ene'its o' those s"stems6 )he!eas
othe! 'o%*s )ho dont ne$essa!i%" have the in$ome %eve%s to not )o!* on the 'ie%d to do that
so!t o' thin,6 the" ,et to do it and tea$h those 'o%*s. .hat )e!e doin, is $!eatin, a mi$!o-
$%imate e$o-s"stem o' p!od$tivit" and %ive%ihood. .e p!ovide sa'e6 mode!n6 se$!e hosin,
# )a%* inside )ith mood %i,htin,6 set )ith "o! D+I/ $hip thats imp%anted o! "o! phone6 o!
ho)eve! the te$hno%o," moves in the 't!e. The %i,hts t!n on to the $o%o! that "o %i*e6 the
msi$ $omes on and its 24
st
$ent!"6 and '!the!6 mode!n te$hno%o," 0ased pon )isdom
t!aditions. .eve ,ot $ttin, ed,e te$hno%o,i$a% advan$ements6 sa'e6 $%ean6 hea%th"6 %o$a%
'ood thats ,!o)n in "o! nei,h0o!hood 0" peop%e that "o *no). .e $an do sa'e and
a''o!da0%e6 onsite $hi%d$a!e 0" peop%e )ho "o *no). A%so6 ed$ation onsite6 %o$a% indst!"
and o''i$e spa$e onsite so6 'o! me6 I ,o to an o''i$e that I !n m" o)n 0sinesses ot o' and
its on the 'a!m 0t othe! peop%e )o%d do the same. The" t!ave% a %ot6 7st %i*e )e do 0t )e
dont ne$essa!i%" )ant to maintain o! ,oats eve!" da". .e en7o" o! ,oats and en7o" o!
$hi$*ens 0t it ta*es some )o!* to ,et them 'ed and do a%% o' that so!t o' st''. Ao have to
'ind peop%e to ta*e $a!e o' them )hi%e "o!e ,one and t!ave%%in, # )e p!ovide that. .e
p!ovide $%t!a% and advent!e a$tivities # hi*in,6 montain $%im0in, and a%% *inds o' $oo%
st'' as )e%% as ,%o0a% net)o!*in, 0i%din, oppo!tnities. Ima,ine that ,o%' $o!se6 that I )as
te%%in, "o a0ot6 that has a ,ood $%0hose 0t instead o' evenin, events6 o! )hateve!6
the!es inte!nationa% $on'e!en$es %i*e this that ta*e p%a$e the!e6 !i,ht in "o! o)n
nei,h0o!hood6 !i,ht in "o! o)n $ommnit"6 o! hea%th and )e%%ness !et!eats and that so!t o'
thin, )ith a$$ess to nto$hed )i%de!ness a!eas6 0siness in$0ation oppo!tnities. One o'
the thin,s that )e do at o! p%a$e !i,ht no) is )e p!ovide o! !eso!$es and %and 'o! "on,
'o%*s and a,!i$%t!a%ists and mothe!s that )ant to ,!o) di''e!ent ve,eta0%es6 o! $!eate thei!
o)n $otta,e indst!ies6 so )e in$0ate them and the!es a %ot o' oppo!tnities 'o! that.
B"in, $%0 dis$onts # )e $o%d ,et hea%th$a!e 'o! eve!"0od" that %ives the!e6 that *ind o'
thin,. Essentia%%"6 Co%on" Ea!th is a deve%opment $ompan" and it 0"s the !eso!$es. .hat
)e do is )e have a se%e$tion $!ite!ia 'o!... it needs to $%ose to a met!opo%itan a!ea )ithin so
man" mintes o' an ai!po!t6 it needs to have $%ean )ate! and that *ind o' thin,. A%so6 the
oppo!tnities 'o! %ithim minin, o! )ate! p!od$tion 'o! sp!in, )ate!6 that *ind o' thin,. .e
%oo* at the nat!a% !eso!$es that a!e on the %and and )hat *ind o' 0sinesses $an 0e done ot
o' that as )e%%. :2H;B2=
.e p!od$e !evene in a 0n$h o' di''e!ent )a"s. I $o%d ,o th!o,h them a%% 0t )hat I
)ant to !ea%%" ,et to is ho) Bit$oin and the $!"pto$!!en$ies 'it into a%% o' this. B" the )a"6
the!e a!e t)o in$ome !evene ,ene!atin, st!eams that I have 0%o$*ed ot )ith hash ta,s he!e.
Ea$h one o' those eEa%s6 i' not d)a!'s a%% o' the othe!s $om0ined so 7st $he$* those ot
)hi%e Im e-p%ainin, this ot. .hen a pe!son $omes to o! mem0e!ship deve%opment6 the"
a!e 0"in, a %i'est"%e and )hat )e!e ,oin, to do eventa%%"... and Im thin*in, that )e!e
,oin, to end p $!eatin, o! o)n $!!en$" 'o! this... )hen )e have a nm0e! o' di''e!ent
vi%%a,es a!ond the p%anet6 o! di''e!ent deve%opments # a s*"s$!ape! in Sin,apo!e6 a !!a%
'a!m $ommnit" in Ashevi%%e6 that *ind o' thin, # "o ,et a mem0e!ship to a%% o' those
di''e!ent ones. .hen "o pa"... %ets sa" the mo!t,a,e o! do)n pa"ment on a hose )o%d 0e
O236333 o! )hatnot6 "o pa" "o! O236333 and )e ,ive "o 236333 )o!th o' o!
$!"pto$!!en$" %i*e Co%on"Ea!th$oins. Li*e Jita%i* )as sa"in,6 the!e a!e ,oin, to 0e $oins
'o! di''e!ent p!poses. The )a" I see the 't!e o' Bit$oin and a%% o' these $!"pto$!!en$ies is
the!es ,oin, to 0e h,e... its ,oin, to 0e a 0io-dive!se $%imate o' mi$!o-$%imates o' di''e!ent
$!!en$ies %i*e Sta!0$*s$oins6 )ith Ta!,et$oins6 )ith So%a!$oins # a%% )ith di''e!ent p!poses
po)e!in, di''e!ent thin,s. Co%on"Ea!th$oins # %ets sa" "o $ome and "o 0" "o!
mem0e!ship initia%%" 'o! O2363336 )e ,ive "o O236333 )o!th o' Co%on"Ea!th$oins that a!e
sa0%e at a%% o' the di''e!ent e$o-vi%%a,es a!ond the p%anet. Ao $an a%so ta*e them ot on the
ma!*et and se%% them. .hat "o!e ,ettin, is a va%e p!oposition )he!e "o ,et %and6 "o ,et
a$$ess to %and6 a home6 a te$hno%o,i$a%%" advan$ed home )ith $%ean 'ood and $%ean )ate! and
then "od )a%* a)a" )ith $oins that "o $an a$ta%%" t!n a!ond and se%% and ma*e some
mone" on6 as )e%%6 ot in the ma!*et. :2?;1B=
At o! p%a$e6 )e have 7st a 'e) emp%o"ees6 t)o o! th!ee6 dependin, pon the %eve% o' 0"-in
and ho) man" peop%e a!e the!e. A 'a!m mana,e! )ho dete!mines )hat $!ops a!e ,oin, to 0e
,!o)n and ho) m$h to ,!o) so that eve!"0od" $an 0e 'ed thats the!e and that the!e $an 0e
p!o'its made ove! that6 as )e%% as an a$tivities $oo!dinato! )ho p!od$es the events that ta*e
p%a$e the!e that does $oo% st'' 'o! the $ommnit" mem0e!s as )e%% as inte!nationa% 'o%*s
doin, !et!eats6 and )hatnot6 and then a%so an administ!ato!. .e pa" them in Bit$oin and
Lite$oin and di''e!ent $!!en$ies. A%so6 )hen "o have a home in one o' o! deve%opments
and "o de$ide to ta*e o'' 'o! a $op%e o' months and the!e is a !et!eat ,oin, on in the p%a$e
)he!e "o!e not at6 0t "o dont mind havin, some0od" !ent ot "o! spot6 then "o!e
p!od$in, in$ome 'o! "o!se%' on that. Ho) man" o' "o have seen these 0io,%o) p%ants@
The" 7st $!eated these p%ants that ,%o)6 %i*e in the movie Avata!. An"0od" seen those@ The"
a!e se%%in, them 'o! %i*e O4B3 and )hethe! "o 0e%ieve in 0io,eneti$s and a%% o' these othe!
,eneti$ modi'i$ations6 the" a!e p!ett" $oo%. (La,hte!) The" a!e 0io%mines$ent p%ants.
Somethin, %i*e that $o%d 0e a $otta,e indst!" that $o%d 0e ,!o)n. The 'o%*s )ho a!e
%ivin, the!e that a!e )o!*in, the %and6 o! )hateve!6 )o%d 0e ,!o)in, these thin,s and thats
some e-t!a added !evene 'o! the $o!po!ation6 ea$h e$o-vi%%a,e $o!po!ation6 ea$h
deve%opment6 )hom the o)ne!s in.... the peop%e )ho 0" the $ont!a$ts in6 )i%% ,et p!o'its
'!om it. Ao!e %oo*in, at a va%e added p!oposition )he!e "o ,et a home6 $%ean 'ood6 an
app!e$iatin, asset in the 'o!m o' "o! mem0e!ship $ont!a$t6 an app!e$iatin, asset in the 'o!m
o' "o! Bit$oins and Lite$oins and a%% o' the othe! a%t$oins and pa!t o' somethin, thats
$ttin, ed,e o' the 't!e. This is 7st a modest p!o'o!ma 'o! a sma%%6 %itt%e deve%opment and
"o!e %oo*in, at O4.<m a "ea!6 thats )ith a%% the $osts and eve!"thin, in$%ded. .eve ,ot
pi$t!es # ma!*etin,. Li*e I said )ith the C!ai,s%ist ad... "o *no)6 )hen t!ends happen and
"o position "o!se%' ahead o' them6 the!es ve!" %itt%e that "o need to do to... its *ind o'
%i*e padd%in, and s!'0oa!din,. I %ove s!'in, and )hen "o a!e positioned p!ope!%" and a
)ave $omes6 its eas" to ,et p on top o' it. .e st!$t!e ea$h vi%%a,e in a )a" so that its
ma-imm se6 )he!e the!e a!e a %ot o' $ommna% a!eas to han, ot6 the!e a!e !et!eat $ente!s6
the!es p!od$tion p!od$tivit" and %ive%ihood. .e!e a0%e to emp%o" peop%e on site. Lets
sa" "o!e not a do$to! o! a %a)"e! 0t "o!e a $o%%e,e stdent and "o dont have a %ot o'
do,h 0t "o !ea%%" )ant to %ive this )a" and "o dont mind )o!*in, in the 'ie%ds 0t "o
a%so dont have a 7o0 and "o dont )ant to $ommte thi!t" mintes to the nea!est
met!opo%itan a!ea. .e!e a0%e to p!ovide "o )ith 7o0s on site th!o,h va!ios pa!tne!s. One
o' them is A!ise6 )hi$h is a $ompan" that does $stome! se!vi$e. Ao $an 0e a $stome!
se!vi$e !ep 'o! App%e6 'o! Knited Ai!%ines # a%% o' these di''e!ent $ompanies st!ai,ht '!om "o!
home 0t )e p!ovide an o''i$e and thats a$ta%%" one o' the )a"s that )e p!od$e added
va%e. M" ,oa% is to 0i%d one o' these in Sin,apo!e and 0i%d a s*"s$!ape! that %oo*s
somethin, %i*e this... and p!od$es its o)n 'ood and its o)n )ate!. A ,ood '!iend o' mine is
the ," )ho o)ns the )ate! $%eanin, devi$e that the .hite Hose ses. Ao $o%d sti$*
!adioa$tive +*shima s%ime mo%d into it and $ome ot )ith $%ean )ate! ot o' it and )e
$o%d pt those in hoses. The!e a!e devi$es that a!e $!!ent%" man'a$t!ed ove!seas that
p!od$e po)e!. The" a!e 0asi$a%%" a0ot the siGe o' a BB ,a%%on d!m and "o $o%d po)e!
an enti!e s*"s$!ape! )ith it # $%ean ene!,"6 p%asma 'sion is 0ein, done 0" 'o%*s in Ne)
Le!se" !i,ht no) and so%a! po)e! and a%% o' these di''e!ent ones. The te$hno%o," that )e
have !i,ht no) e-ists to 0e a0%e to p!ovide an Ea!thship. Thats a%so one o' the thin,s that )e
do # )e 0i%d Ea!thships6 )hi$h a!e tota%%" se%'-sstainin, o''-,!id po)e! ,ene!atin,6 'e%
,ene!atin,6 and )aste mana,ement ,ene!atin, homes. Its hi,h te$hno%o,i$a%%" advan$ed
st'' 0ased pon the )isdom t!aditions o' pe!ma$%t!e and thin,s that *eep s a%ive. .eve
,ot pi$t!es o' a%% o' these 0eati'% thin,s and )e!e ta%*in, hi,h end s*"s$!ape!s6 )e!e
ta%*in, hi,h end %ivin,6 )e!e ta%*in, ne) s"m0o%s o' )ea%th6 ne) stats s"m0o%s o' ho) it
means to %ive ,ood6 ,!een6 in 0a%an$e )ith the Ea!th and ho) the 't!e is ,oin, to %oo*.
:81;45=
One o' the ,"s on m" 0oa!d6 he $an a$ta%%" ,!o) this in seven "ea!s 'o! nde! O4336333.
Ao $an ,!o) an is%and no) )ith the same p!o$ess and same te$hno%o," that mo%%s$s se to
$!eate thei! she%%. Its $a%%ed $a%$im e-$!etion. Ao $an pt a 0i, ,!id6 a mesh ,!id nde!
)ate! )ith some 0atte!ies and so%a! po)e! and ove! the $o!se o' seven "ea!s6 it )i%% 0e$ome
a %ivin, seashe%% thats "ove desi,ned and $!eated in the shape that "o )ant. That
te$hno%o," e-ists no). A%so )e!e ,oin, to 0e Co%on" Moon )hen Si! Di$ha!d B!anson
eventa%%" ,ets Ji!,in Ma%a$ti$ to the moon and )e sta!t 0i%din, $o%onies )ith te$hno%o,ies
that Im sin, and the te$hno%o,ies that Im in$o!po!atin, )i%% 0e the minin, $o%onies o' the
't!e. The $oa% to)ns o' .est Ji!,inia 0a$* in the da" # this is ,oin, to 0e a !et!n to that6
essentia%%". +a$e0oo* 7st de$ided that the"!e ,oin, to open p a hosin, $ommnit" ot in
Ca%i'o!nia. Has an"0od" hea!d a0ot that@ The" a!e spendin, a0ot O413m6 o! somethin,
%i*e that and the"!e !ea%%" )astin, thei! mone" 0e$ase the"!e not imp%ementin, the
st!ate,ies that Ive a%!ead" desi,ned into the s"stem. He!es the da!* side o' this. A
panopti$on # a home that "o )a%* in )he!e eve!" movement that "o have is t!a$*ed6 "o!
hea!t0eat6 and "o! hea!t !ate6 a%% o' these thin,s a!e t!a$*ed in the $%od and a%% o' that. Ao
,"s *no) the movie A%ien6 !i,ht6 )he!e the" ,o to spa$e and the" 'ind this $!aG" 0ein,
that... the )a" that that 't!e is6 is a 'as$ist so!t o' te$hno$!ati$ ,%o0a% te$hno$!a$" !n 0"
$o!po!ations. Lst )ith the p!oto$o%s o' Bit$oin and a%% the $!"pto$!!en$ies6 )e!e ma*in,
,ove!nments o0so%ete in a sense 0e$ase )e!e a0%e to se%'-dete!mine demo$!ati$a%%" )hat
)e!e ,oin, to do6 ho) )e!e ,oin, to do it and )hat ,ets mone" and )hat doesnt6 )hat ,ets
'nded and )hat doesnt. Jita%i* 7st made a ,!eat point a0ot the $%imate o' a%% o' these
di''e!ent $oins e-istin,. I' "o 0e%ieve in medi$a% !esea!$h and "o!e ,oin, to 0" those
$oins and ,et va%e 'o! them6 the Ea!th )i%% 0e$ome a se%'-o!,aniGin, $o%%e$tive6
demo$!ati$a%%" and )e!e not ,oin, to have the need 'o! these thin,s. .hats happenin, no)
is %i*e )eve ,ot $ompanies %i*e Moo,%e and a%% o' these )onde!'% $ompanies6 the
te$hno%o,i$a% $ompanies that a!e so%vin, a%% o' these p!o0%ems )ith math6 essentia%%". The!es
no mo!e 'i,ht the po)e!6 its i,no!e the po)e!. It is # )e a!e the po)e!. It is # )e do )hat
)e )ant no) and )e $ome p )ith sitations and so%tions 'o! thin,s that a!e ami$a0%e and
0eati'%. The $ha%%en,es and the da!* side o' that is that it $o%d 0e t!ned into a mat!i-6
essentia%%". .e a!e Co%on" Ea!th and )hat )e %i*e to do is )e %i*e to ma*e it )a!m and
'GG" and ,ive peop%e ,ood 'ood6 $%ean )ate!6 a ,!eat envi!onment 'o! thei! *ids to ,!o) in #
a temp%ate o' ho) hmans $an %ive in 0a%an$e )ith the p%anet !nnin, on 24
st
$ent!"
te$hno%o,ies o' $!"pto$!!en$" 0t ti%iGin, the )isdom t!aditions o' o! past. :8H;38=
Some points to $onside! a!e some o' the thin,s that I )as sa"in, )as that this is ve!" Ame!i$a
$ent!i$ in the de$%inin, hosin, ma!*et. .e $an sti$* these an")he!e. In 'a$t6 )e $an do this
easie! in some othe! $ont!ies than )e $o%d in the Knited States... 'nn" that !i,ht@ The!es
a )ho%e... ho) the ,ove!nment o' this %itt%e e$o-vi%%a,e !ns6 ho) the 0oa!d )o!*s6 )hat
%eve%s o' sto$* that "o ,et )hen "o 0" at di''e!ent %eve%s6 and )hatnot and "o a%so ,et
"o! o)n !et!ns and p!o'it sha!in,. .e $an do this in /et!oit6 )e $an do this in Sin,apo!e6
)e $an do this in Hon, Kon,6 )e $an ma*e '%oatin, is%ands and )e $an do it on the moon.
.hat I sho)ed "o ea!%ie! )as one sma%% vi%%a,e )ith one 0i%din, he!e in Miami that has
<33 peop%e. I )as doin, the $a%$%ations the othe! ni,ht 0e'o!e I )ent to 0ed. .e )o%d 0e
a0%e to !et!n a O13m investment in 'ive "ea!s )ith a ,ood pside # a !ea%%" ,ood one.
Eventa%%"6 )ed 0i%d and desi,n an e$o-vi%%a,e to se%% to %a!,e $o!po!ations6 %i*e Moo,%e and
+a$e0oo* and a%so $o!po!ations that )ant to mine on the moon. .e%% 0e a0%e to se%% them
these mode%s and se%% them the $ont!a$ts and do it. .e have an app!e$iatin, asset o' the %and
as )e $ont!o% the !ea% va%e the!e. Some o' the 'o%*s that Ive ta%*ed to... Im a !ea%%" niEe
dde )ith a %ot o' !ea%%" st!an,e $onne$tions that Ive made in m" %i'e and I *no) that the!e
a!e peop%e at the ve!" tip top o' o! $ivi%iGation that a!e sa"in, that this is the %i'e0oat o'
hmanit" # these *inds o' mode%s6 this de$ent!a%iGed $ommna% %ivin, and not the hippie
$ommne thin, 0t the pe!ma$%t!e 0ased s"stems )he!e 'ood is p!od$ed on "o! o)n
spot6 and a%% o' that. Thats the 't!e and peop%e a!e ,oin, to pa" ot o' the nose 'o! this
*ind o' %i'est"%e. Thats it. A!e the!e an" Eestions@ :85;8?=
Audience "uestion: I have seen man" initiatives %i*e this6 in$%din, $ommna% p!o7e$ts...
"o 0o!!o)ed a $op%e o' pi$t!es '!om this p!o7e$t. A%% o' them sa%%" end p in a simi%a!
)a" a$ta%%"6 0e$ase o' the same p!o0%ems that Bit$oin is $!!ent%" 'a$in, # ,ove!nment
%a)s. Ao a!e assmin, that te!!ito!" is '!ee and "o )i%% not have to $omp%" o! !epo!t to
an"0od" 0t ,ove!nments o' the ma7o!it" o' $ont!ies6 'o! e-amp%e6 )i%% 'o!0id "o to se
"o! o)n $!!en$" and )i%% as* "o to pa" ta-es. :8?;4B=
#$: Thats no p!o0%em. I *no) )he!e "o!e ,oin, )ith this and "o!e !i,ht. A$ta%%"6
)hat he )as to$hin, on )as that ??Q o' intentiona% $ommnities 'ai% 0e$ase peop%e dont
nde!stand 0siness and the" ,o into it thin*in, )e!e ,oin, to ,o and %ive $ommna%%" and
)e!e not ,oin, to have mone". .e!e ,oin, to t!ade 'ood6 t!ade 0a!te! and this and that.
That *ind o' )o!*s 0t "o need to have it ma*e do%%a!s to ma*e sense. A%so )hat "o )e!e
sa"in, a0ot the... m" mode% is 0ased pon a 0siness st!$t!e. Its a0ot... "es6 )e )o%d
%i*e 0eati'% te$hno%o," and a%% o' these thin,s and "es6 )e a!e ,oin, to pa" ta-es to
)hateve! mni$ipa%it" )e a!e in. Thats not an isse. I dont thin* )e!e t!"in, to $!eate...
The phase that )e!e at !i,ht no) is )e!e %oo*in, 'o! si- 'i,!e investo!s. In seven "ea!s6 I
p%an it to have this nine 'i,!e $on$e!n and I )o%d %i*e to ,et a 0%imp and the!es a 'e%%o) 0"
the name o' I,o! &aste!na* )ho is $!eatin, a ship $a%%ed the A!!o)s$!a't. He%% 0e !ead" in
2323. Im p%annin, on havin, this 0e$ome a po)e!hose to 0e a0%e to 'nd6 essentia%%"6 the
)o!%ds 'i!st hi,h p!o'i%e a$tion he!o team that )o%d 0e sin, a 0%imp to $ome and !es$e
peop%e %i*e )hat happened in Haiti )he!e the !oads )e!e a%% 0%o$*ed. I' )e )e!e a0%e to d!op
a tent $it"... An")a"6 thats )he!e Im headed. An" othe! Eestions@ :13;23=
Audience "uestion: Thats *ind o' an e-t!eme e-amp%e 0t %ets sa" "ove ,ot "o!
$ommnit" and t)o thi!ds o' the peop%e )ant to ,!o) 0io%mines$ent p%ants and one thi!d o'
the peop%e )ant to ,!o) tomatoes. Ho) )o%d "o dea% )ith that@ :13;83=
#$: Thats dete!mined 0" the !esidents # the peop%e )ho 0" in the $ont!a$ts. The"
dete!mine t)o thi!ds )ant this6 t)o thi!ds )ant that. Its !ea%%" a%%... )e set the ,ide%ines and
)e sa" this is )hat needs to happen6 %i*e these a!e the 0siness s"stems that )e $an see
)o!*in, he!e and "o ,et to de$ide )hat it %oo*s %i*e and ho) it moves. Thats a%%
dete!mined 0" the peop%e )ho a!e %ivin, the!e # the 0oa!d mem0e!s. The !eason )h" this
)o!*s as opposed to a%% the othe! $ommnities and )hatnot is 0e$ase its 0ased on mone"
and )hen peop%e de$ide that the"!e ,oin, to 0e invested in this6 the"!e investin, not on%"
thei! %i'est"%e 0t thei! time and thei! e''o!ts so the"!e ,oin, to see that it does )e%%. The"!e
,oin, to pt e''o!t into ma*in, s!e that it does )e%% 0e$ase the"!e pa"in, to 0e the!e6
the"!e pa"in, to ,et the !es%ts o' it and so the"!e ,oin, to 0e invo%ved in ho) it ,oes do)n.
Not a homeo)ne!s asso$iation 0t a 0oa!d o' di!e$to!s. An" othe! Eestions@ :14;41=
Audience "uestion: M" ant )as a$ta%%" in $ha!,e )ith a state !ep!esentative in +%o!ida.
The" in$o!po!ated... it sed to 0e $a%%ed Ct%e! Did,e and the" a$ta%%" in$o!po!ated the $it"
and $a%%ed it Ct%e! Ba". Instead o' a$ta%%" pa"in, the ta-es to the 'eds !i,ht a)a"6 the" *ept
it inside the $ommnit" and then 0asi$a%%"6 $omp%ete%" $han,ed the )ho%e6 enti!e $it". Its a
,ood $ase std" a$ta%%". :14;82=
#$: Dea%%"@ The" $!eated thei! o)n mni$ipa%it"@ :14;81=
Audience reply: Aeah6 so its Ct%e! Ba"6 +%o!ida. Its 0asi$a%%"... in Miami "o have these
%itt%e s0sidia!" $ities. I' "o a$ta%%" in$o!po!ate it6 "o $an se the $apita% to $han,e the
$ommnit". The!e mi,ht 0e a )a" o' "o doin, a Easi-o''i$ia% no)... :14;1?=
#$: Aeah6 no I %i*e that. :14;B4=
Audience reply: ...and sin, that s"stem. It $omp%ete%" $han,ed... i' "o %oo*ed at the
nm0e!s o' Ct%e! Ba" and "o %oo* at )hat it )as in 23316 0e'o!e it )as in$o!po!ated6 )e
had t)o po%i$e o''i$e!s and the $!ime !ates )e!e $!aG" and then it )ent to 'i'teen po%i$e
o''i$e!s. :12;3<=
#$: Ah "es6 "es. I a$ta%%" hea!d a0ot that no) that "o mention that6 !i,ht. :12;35=
Audience reply: It mi,ht 0e an inte!estin, thin,. I dont *no) i' "ove tho,ht a0ot
,oin, th!o,h a Easi-... :12;44=
#$: No6 I havent even tho,ht a0ot in$o!po!atin, as a mni$ipa%it" 0t thats a !ea%%"
,ood idea. Thats a !ea%%" ,ood idea. :12;4H=
Audience "uestion: I' I nde!stand !i,ht6 "o! immediate demo,!aphi$ is a''%ent e--
hippies and ma"0e $o%%e,e stdents that a!e )i%%in, to )o!* on the $ommne. Ho) a!e e$o-
$ommnities ,oin, to 0ene'it the sa" the one st!a) 'a!me! o! the I!oEois that "o Eoted at
the 0e,innin, o' "o! p!esentation@ :12;8<=
#$: .hats !ea%%" $oo% a0ot this is )hen )e have Co%on"Ea!th$oins and a%% that ,oin,
a!ond6 )e $an ta*e one o' these and at an" %eve%6 )e $an do hi,h-end s*"s$!ape!s6 %i*e I )as
sa"in, and )e $an !enovate /et!oit. .e $o%d ,o to the !ese!vation in &ine Did,e and pt
this in p%a$e and ,ive them a%% o' thei! s"stems 0a$*. This is me 0ein, %i*e # I )ant to 0ette!
the )o!%d. Ho) do I do this and t!nin, m" 0a$* on a%% o' the p!otestin, and a%% o' those
thin,s and sa"in, # Ho) do I do this so that it ma*es sense 'o! peop%e and is a$ta%%"
imp%ementa0%e and is not 7st a piped!eam@ Than* "o ve!" m$h. M" name is (avie!
Ha)*. Ive ,ot a 0ooth ot the!e # Co%on" Ea!th. (App%ase) :18;48=
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
ADVE!:
The BitMive +ondation is a non-p!o'it $ha!ita0%e ,ivin, o!,aniGation %eve!a,in, the po)e!
o' the Bit$oin $ommnit" to imp!ove p0%i$ hea%th and the envi!onment )o!%d)ide. He%p s
demonst!ate the si,ni'i$ant impa$t o' Bit$oin in add!essin, these $!iti$a% isses on a ,%o0a%
s$a%e. Sppo!t inte!nationa% ,ivin, in Bit$oin. &%ease visit o! )e0site at
))).BitMive+ondation.o!,. :18;1H=
ADVE!:
K!"ptoKit is the )o!%ds 'i!st Ch!ome 0!o)se! Bit$oin )a%%et. Its the easiest6 'astest Bit$oin
)a%%et pa"ment s"stem )ith a simp%e one $%i$* insta%%6 it ta*es 7st se$onds to ,et "o! )a%%et
set p and 0e$ase K!"ptoKit 'inds the add!ess and pa"ment 'o! "o6 the!es no mo!e 'ssin,
a!ond o! ta0 s)it$hin,. K!"ptoKit is mo!e than 7st a )a%%et. It $omes )ith a p!e-%oaded
&M& en$!"pted so$ia% net)o!*6 ne)s'eeds '!om Deddit and Moo,%e and p to date $ha!ts '!om
e-$han,es. +ina%%"6 K!"ptoKit di!e$to!" a%%o)s "o to ma*e t)o $%i$* pa"ments )ith an" o'
the Bit&a" me!$hants. On$e "o insta%% K!"ptoKit6 "o )ont need an"thin, e%se. +o! mo!e
in'o!mation6 o! to do)n%oad K!"ptoKit6 visit ))).K!"ptoKit.$om. :11;25=
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
AB%: Mone" is 'nn". Ao do a%% *inds o' thin,s 'o! it and man" o' those thin,s p!o0a0%"
'a%% into the $ate,o!" o' thin,s "o )o%dnt do i' "o )e!ent 0ein, paid to do it and "et
mone" is the thin, that one needs to %ive. Bit$oin is mone"6 7st %i*e an" othe!. &eop%e
0e%ieve it to 0e va%a0%e 0e$ase the" 0e%ieve it to 0e %imited in Eantit" )ith ,!o)in,
nm0e!s o' peop%e )ishin, to have some. I' "o!e ho%din, 0it$oin6 thats the %o)e! $ase I0
ve!sion o' 0it$oins6 the ones that a!e t!a$*ed in "o! )a%%et !athe! than the in'!ast!$t!e %eve%
pipes th!o,h )hi$h those to*ens '%o). I' "o!e spe$%atin, on the p!i$e o' Bit$oin ,oin,
p6 !ea%%" )hat "o 0e%ieve is the net)o!* )i%% ,!o) and that mo!e peop%e )i%% the!e'o!e 'ind
the net)o!*s to*ens mo!e va%a0%e6 )hi$h )i%% 0e !e'%e$ted 0" a hi,he! p!i$e ne) se!s a!e
)i%%in, to pa" 'o! it. I' "o!e an LTB %istene!6 no do0t "ove hea!d o' 0oth a%t$oins and
meta$oins 0t toda"6 )e!e ,oin, to ta%* a0ot a ne) *ind o' $oin # a net)o!* $oin. Toda"6 I
)ant to te%% "o a0ot LTB$oin. :1B;22=
Lets Ta%* Bit$oin6 the sho) that Ive 0een p!od$in, sin$e Ap!i% 23486 has ta*en a h,e
amont o' m" time and advan$ed eno!mos%" in the amont o' time that )eve 0een a!ond.
Its 0een a ve!" !e)a!din, e-pe!ien$e and6 )hi%e I p!a$ti$e )hat I p!ea$h6 tip $ontent and
ens!e 'nds )he!eve! possi0%e6 the !ea%it" is that none o' the peop%e6 )ho have he%ped me
0i%d LTB to the point )e!e at no)6 a!e o)ne!s o' the pa!ent $ompan" o! pa!tne!s in the
nde!%"in, an"thin,. C!eatin, somethin, '!om nothin, is di''i$%t nde! an" $i!$mstan$es
and %a$*in, an" !ea% 'inan$ia% !eso!$es6 o! st!ate," had 0een to do ,ood )o!*6 pt it ot 'o!
'!ee to an"one )ho )ants it and as* 'o! he%p in the 'o!m o' vo%ntee!s o! dis$onted se!vi$es
'!om %istene!s )ho %i*e )hat )e do and )ant to he%p. I 0e%ieve that sin, a net)o!* $oin )e
$an6 '!om minte one6 !e)a!d those )ho add va%e to the net)o!* 0" pa"in, them )ith a $oin
that is ,iven va%e 0" the net)o!*. Im ,oin, to sa" that a,ain. I' Id sta!ted Lets Ta%*
Bit$oin and on /a" one6 I had a$$ess to an a%te!native $!"pto$!!en$" $a%%ed LTB$oin6 even
tho,h LTB$oin )o%d have 0een )o!th%ess6 I $o%d have paid peop%e )ith it at no $ost to the
p!o7e$t. I' Lets Ta%* Bit$oin had 'ai%ed6 the $!!en$" I had 0een $ompensatin, peop%e in
)o%d have 0een )o!th%ess 0t thats no di''e!ent than an" othe! spe$%ative o! vo%ntee!
p!o7e$t. I'6 on the othe! hand6 the net)o!* s$$eeds6 )hi%e the $oins $o%d 0e so%d as soon as
the"!e t!aded on the ma!*et6 the" $an a%so 0e he%d nti% the net)o!* is mo!e va%a0%e 0e$ase
LTB$oin is t!ada0%e 'o! Bit$oin6 it 'n$tions as a sta*e in the LTB net)o!* e''e$t and a
$!!en$" 'o! those )ho )ant it. Ive said that I $o%d pa" vo%ntee!s )ith LTB$oin. I $an
e-p%ain this 0t 'i!st6 )e have to ta%* a0ot minin,. :1H;32=
Most $oins a!e va%a0%e 0e$ase o' the net)o!* that ses them. +i!st $!eatin, a $oin and then
attemptin, to 0!in, in se!vi$e p!ovide!s )ho )i%% a$$ept it6 ths ,ivin, ti%it" to the $oin and
the!e'o!e va%e. Bit$oin had a 0it o' a $hi$*enPe,, p!o0%em. It )as the 'i!st $!"pto$!!en$"6
so on%" a hand'% o' peop%e nde!stood )hat it $o%d 0e and "et6 to a$hieve !edndant
de$ent!a%iGation6 it needed to 0e dist!i0ted to man" and not 7st a 'e). Comptationa%
minin, )as the so%tion the" a!!ived on. It %imited the peop%e )ho )o%d ,et a$$ess to the
ea!%" 0it$oins to those )ho )e!e 0iased to)a!ds ea!%" adopte!s and te$h savv" peop%e6 !athe!
than those )ho ,ene!a%%" !e$eived ne) mone". In m$h the same )a"6 LTB$oin )i%% not se
$omptationa% minin,6 !athe! !eEi!in, a mo!e nan$ed p!oo' o' )o!*. Those )ho $!eate the
va%e o' the net)o!* a!e the $ontent $!eato!s and the adien$es the" $ate! to. LTB$oin )i%%
0e dist!i0ted 0oth as pa" to $ontent $!eato!s and se!vi$e p!ovide!s )ho pop%ate the Lets
Ta%* Bit$oin net)o!* and as va%a0%e p!iGes6 ,iven to man" %$*" mem0e!s o' the LTB
adien$e. LTB$oin )i%% 0e va%a0%e 0e$ase it )i%% 0e the e-$%sive to*en sed to sponso! the
LTB net)o!*. LTB$oin )i%% a%so 0e the to*en that %ets "o 0e$ome a $ontestant on o! ,ame
sho)6 0" ,ea! 'o! the 0est p!i$es in o! sto!e and ove! time6 this %ist )i%% ,!o). Basi$a%%"6 )ith
a net)o!* $oin6 an"thin, ne) )e !o%% ot th!o,h the net)o!* has somethin, a)esome that
"o $an do on it thats $heape!6 0ette! that "o simp%" $ant do )ith an"thin, e%se. Net)o!*
$oins a!e made va%a0%e 0" the net)o!* a$$eptin, them. I' the se!vi$e o! ,ood the" o''e! in
e-$han,e is not va%a0%e o! appea%s to 'e) peop%e6 then the to*en )ont 0e va%a0%e 0t in
net)o!*s that t!%" do $!eate va%e6 )hat I thin* )eve ,ot he!e is a vi!tos $"$%e that $an
empo)e! peop%e to sta!t sma%% )ith LTB and6 as the net)o!* $ontines to 'ind ,!o)th and
s$$ess6 these hm0%e 0e,innin,s $an ,ive ea!%" $ont!i0to!s and %istene!s the 'inan$ia%
'!eedom to he%p ot mo!e6 i' the" desi!e o! to do somethin, e%se enti!e%". :15;1H=
To !e$ap6 LTB$oin is ,ood 'o! eve!"one )o!*in, on the p!o7e$t 0e$ase thei! e''o!ts ma*e
them the mine!s o' o! s"stem )he!e thei! p!od$tive e''o!t and the in$%sion o' thei! $ontent
on o! net)o!* is thei! p!oo' o' )o!*. Someone )ho $!eates a sho) 'o! the net)o!* adds
mo!e va%e than someone )ho does annon$ements 'o! a sin,%e episode and the" add mo!e
va%e than someone 7st %istenin,. A%% o' these a$tions do have va%e and a%% o' them a!e
minin, in thei! o)n )a". LTB$oin is ,ood 'o! the adien$e. The!e )i%% 0e !a''%es6 s!ve"s6
on-ai! ,ivea)a"s and at %east one ,ame sho) ,ivin, it a)a" en masse. It doesnt matte! ho)
"o a$Ei!ed LTB$oin6 "o stand to ,ain '!om mo!e peop%e dis$ove!in, the LTB net)o!* and
0e$omin, a mem0e! o' o! ,!o)in, $ommnit". Ima,ine i' "o $o%d ho%d some $oins o'
"o! 'avo!ite nsi,ned a!tist. The" ,et some 'nds p '!ont and i' the" ma*e it 0i,6 "o%% 0e
the ," )ho 0o,ht thei! eEiva%ent o' Bit$oin in 2343. Aside '!om the di!e$t 0ene'its6 the
adien$e )i%% a%so see m$h mo!e and m$h hi,he! Ea%it" ne) $ontent as that e%ement o'
'inan$ia% inte!est t!ns p the $ompetitive heat. LTB$oin is ,ood 'o! sponso!s. I' "o 0e%ieve
the net)o!* )i%% ,!o) in the 't!e6 "o $an 0" LTB$oin p '!ont. Sin$e it is a de'%ationa!"6
'i-ed spp%" $!"pto$!!en$" and sponso! s%ots a!e a$tioned to the hi,hest 0idde!6 i' "o ho%d
onto "o! spp%"6 "o sho%d 0e a0%e to ,et mo!e va%e 'o! "o! LTB$oin as time ,oes on.
On the othe! hand6 a sponso! 7st dis$ove!in, the net)o!* $an 0" LTB$oin at the $!!ent
ma!*et !ate and not pa" a pena%t". The" 7st $ant $apt!e the dis$ont o' havin, 0o,ht
ea!%". Anothe! thin, to note is that )ith this $han,e6 )e%% 0e $!eatin, a ne) p!o,!am 'o!
individa% pat!ons. To this point6 )eve a$$epted sponso!s )ho a!e ,ene!a%%" 'o!)a!d %oo*in,
individa%s )ho !n $ompanies that have p!od$ts to se%%. Movin, 'o!)a!ds6 sponso! s%ots
)i%% 0e avai%a0%e to individa%s as )e%%6 to ma*e pe!sona% annon$ements6 $o%%a0o!ation
!eEests6 idea pit$hes # the 'ie%d is p!ett" )ide open. O! !est!i$tions !emain the same as
the"ve a%)a"s 0een )hi$h is6 nothin, i%%e,a%6 nothin, dishonest6 no ,am0%in,6 se- o!
)eapons. At thei! $o!e6 net)o!* $oins a!e ,ood 'o! Bit$oin. Bit$oin is6 to a $e!tain e-tent6
one o' a *ind. Its a $oin thats the most pop%a! $oin 0e$ase its the most pop%a! $oin.
The!e $an *ind o' on%" 0e one o' those and so6 the a!,ment ,oes6 that an" $oin that $opies
Bit$oin that has its o)n mone" spp%"6 is e''e$tive%" de%din, the va%e o' Bit$oin. .ith a
net)o!* $oin6 thats 7st not the $ase. Bit$oins net)o!*6 its va%e is enhan$ed 0" thin,s %i*e
LTB$oin and a%% net)o!* $oins 0e$ase Bit$oin is the $!"pto-!ese!ve $!!en$". Thin* o'
Bit$oin %i*e the do%%a! and LTB$oin %i*e a 'i!st "ea! sto$*. Is the va%e o' the do%%a!
diminished 0" a sto$* %i*e Moo,%e@ I dont thin* so. :B4;3?=
To smma!iGe6 I thin* LTB$oin is a !ea% )inP)in sitation and )i%% 0e a ve!" pop%a! mode%
'o! 0ootst!appin, eve!"thin, '!om independent !e$o!d %a0e%s to ha$*e!spa$es and I )o%dnt
0e s!p!ised i' )e sa) sta!t-p $ommnities and in$0ato!s eme!,e )ith this mode% 0e'o!e
too %on,. Eventa%%"6 I see net)o!* $oins !ep%a$in, sto$* as it %ite!a%%" imp!oves on the
$on$ept o' eEit" in6 0asi$a%%"6 eve!" )a". .e!e not issin, sto$* and I )ant to 0e $%ea! that
LTB$oins a!e simp%" a 'i-ed spp%"6 p!op!ieta!" to*en that the LTB net)o!* vo%nta!i%"6 non-
$ont!a$ta%%" and p0%i$a%%" )i%% $ommit to hono! 'o! a ,!o)in, %ist o' ,oods and se!vi$es.
.hi%e the ,oa% and vision a!e $%ea!6 the 0est te$hno%o," to 0i%d this a%% on isnt ne$essa!i%"
$%ea! and so )e have not "et de$ided 0et)een 0i%din, se! $!!en$" on top o' a meta$oin
%i*e Maste!$oin o!6 i' its simp%" 0ette! to 7st ta*e the most advan$ed 'o!ms o' p!oo' o' sta*e
s"stems6 %i*e that 0ein, $!eated %i*e BitSha!es and essentia%%"6 7st 'o!* that $ode 'o! o! o)n
se. The hman team )i%% doin, the imp%ementation o' this 'o! s6 )hateve! te$hno%o," )e
de$ide on6 so !ea%%" its 7st a matte! o' seein, )hat happens ove! the ne-t $op%e o' months.
The!e a!e a %ot o' spe$i'i$s Im not ,oin, into he!e and m$h is sti%% nde$ided. Sta" tned
'o! 't!e pdates on the topi$ and i' "ove ,ot a $omment a0ot it so 'a!6 emai%
adamR%etsta%*0it$oin.$om )ith the s07e$t LTB$oin. Than*s 'o! %istenin,. :B2;2<=
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
&ED'!S:
Than*s 'o! %istenin, to Episode 54 o' Lets Ta%* Bit$oin.
IMi$hae% &a"$he! )as p!od$ed 0" Stephanie M!ph" and edited 0" Adam B. Levine
I(avie! Ha)* )as $apt!ed 0" Steve Ma%a,odi o' Spe$ta$%a! Sond at the No!th
Ame!i$an Bit$oin $on'e!en$e in Lana!" 2341
ILTB$oin )as )!itten6 !ead and p!od$ed 0" Adam B. Levine
Msi$ )as p!ovided 'o! this episode 0" La!ed D0ens6 Mene!a% +GG and Ca%vin
Hende!son
Cestions o! $omments@ Emai% adamR%etsta%*0it$oin.$om.
Have a ,ood one9 :B2;B1=