Fighting Financial Apartheid with Ray Youssef - FFS #64

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Ray, welcome to the Freedom Footprint Show.

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Thank you so much, brother.

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I appreciate it.

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You got that one

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off?

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Yeah.

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Seriously.

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We have the great American Egyptian Commando,

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in the house, something like that.

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So Ray, would you give our listeners the TLDR on, on, uh, on

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who you are and, uh, why you're in

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this room?

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? My name is Ray Yusef.

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Uh, I'm a serial entrepreneur.

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I'm also.

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I'm a first generation immigrant to America from Egypt.

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I came over when I was two years old, not alone, naturally.

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My father went first and my mother brought me and my sister over and my

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parents were pursuing the American dream and they were doing so.

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It was, there was no opportunity back home where they were, which is

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sad and kind of insane considering how rich of a country Egypt is.

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But looking back on my life and coming to know the world as I have.

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There's a lot of countries like that, Nigeria, you know, all the

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entire global South, basically.

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These countries are loaded with natural resources, brilliant young people,

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and there's no opportunity there.

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So we came to the West.

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We had

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a hard life.

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I grew up in Hell's Kitchen in New York in the eighties and nineties,

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working at my parents newsstand, which was quite the education on how to

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do business on the street, yet it served

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me well.

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Then I became an entrepreneur.

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It just

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means no one would hire me.

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So I taught myself how to code, started building websites and,

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uh, ironically enough for over 20 years, um, all my startups were peer to peer.

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All of them were peer to peer, peer to peer, music, peer to peer, ringtones,

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peer to peer, file sharing, peer to peer, everything, just trying to cut out the

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middleman, right?

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And, and every single, um.

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Startup that I had, the problem was always

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billing, right?

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And then I discovered peer to peer electronic

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cash.

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And I'm like, Hey, wait a minute now, this might solve my

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problem.

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That's why I'm here because I've spent the

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past eight years building a peer to peer

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marketplace.

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Yeah.

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Used it on top of Bitcoin.

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And I got about 13 million users in

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Africa and the global South.

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Some really big wins in that last project in that, um, besides being a

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bootstrap company, that's always nice.

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I never took VC money, say no to the man, no judgements.

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Um, with number one, we got the first Bitcoins into Africa, which is extremely

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difficult because it's hard to get money out of Africa, so how are the Africans

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going to pay for the Bitcoin from the Americans, Europeans, and Chinese?

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So we had to figure out a hack there, and I'll happily tell

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you how that hack happened.

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But the best

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thing, for me,

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was that, uh, watching

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how the Africans use Bitcoin taught me about what Bitcoin was truly good for.

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Because they're the ones that

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showed me, hey, this is not just a store of value or a speculative asset class.

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It's not about the price, it's about the purpose.

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And their purpose was to solve their biggest problem, which is that

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they can't move their money around.

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Their money is trapped, you know, if you want to send money from...

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Nigeria to Cameroon, you're better off getting on a bus

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with a suitcase full of cash.

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Because the inter swift pan African banking system is even worse

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than the western banking system.

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Right?

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And there's all kinds of issues there, but the Africans basically showed

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me what Bitcoin was truly good for.

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It's about the purpose, and that is as a medium of exchange, rather than the price.

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So,

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thank you to

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them, and because I listen to them, that's why I'm here.

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People respect

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me, not because I'm the smartest guy in the room, but...

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Because I had the sense

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to humble myself, go to the global south, talk to the actual customer,

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and listen to them, and here I am.

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So,

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so where do you, what trends do you see in the world right now?

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Where is the global south going, and where, maybe more importantly, where

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is the western civilization going?

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Like, if you can even call it that at this

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point.

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Yeah.

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Yeah, well,

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I kind of saw the writing on the wall about 15 years ago

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when I started waking up,

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you know,

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and,

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uh,

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the more I woke up, the more rabbit holes I fell down.

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I just became disgusted.

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I looked around me and I'm here in New York City in the middle of this

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kind of Western civilization where

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all the money is, the UN is right across the street, and the State Department was

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right across the

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street, and the big J.

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P.

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Morgan was right

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across the street, and I'm in the center of it all.

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And I remember sitting

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there, um, I was actually homeless at the time

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because I went down this rabbit hole, all I did was devour books and I'm

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sitting there across the street from the Council of Foreign Relations.

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This is the place where all the world wars were started, I'm sitting there,

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some Domino's pizza from the garbage, the raw dough, and I'm looking at this place,

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and I'm like, am I ever going to make a change in this world, like, I'm a, but

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by then I was a crazed conspiracy loon just by myself, and homeless as well, and

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I just remember looking at that building and wondering, how are we going to

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stop this?

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So, at that point,

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you know, I was totally disgusted and I was looking for a way to make a difference

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and magically I discovered Bitcoin and it reawoke the fighter in me because I saw

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a path to victory at that point, because I understand that this battle for

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humanity, and that's exactly what it is, is fought in four different dimensions,

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right?

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Pillars of power, you could also call them.

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The first and most important is the spiritual.

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That's our base.

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Looking around me in America,

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it was gone, man.

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The enemy, the goal of every enemy general is

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to demoralize your opponent.

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Well, America was demoralized.

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It's a corpse.

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I looked at it like, damn, we're not

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going to win that one.

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Not here.

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The Global South is a different story.

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They still have that spiritual.

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And the second, uh, dimension is, uh, military, physical combat,

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not going to win there.

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These devils

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have the biggest navies in the world, no fucking chance, right?

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And the third is the information war.

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And back then it was totally locked down.

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Social media was around, but right now we're starting to see social media

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really pick up giving people a voice and they're starting to change the narrative.

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However,

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looking at that and

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thinking adversarially, as I always do.

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The tactics of the dark side, um, is simple.

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They know the sons and daughters of Adam, that's those humans,

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are very forgetful creatures.

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So all they have to do is keep lying, lying, lying, wait till we forget, wait

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till we get tired, wait till we get more desperate, and then rinse and repeat.

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So we can't win there either, at least not on that front without backup.

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So

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the first dimension, or the fourth dimension really, and the most important

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pillar of power is the financial.

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At first, use that to buy media control, program our minds, and

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gain control of our armies.

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Then, move the chess pieces around and have more power after every round, right?

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We're in round three

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right now.

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So we have to focus on that financial pillar.

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We have to take on that first.

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And the only way to do that, is by solving the biggest problem in the

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world, which is the money problem.

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It's not that

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there's not enough money to go around,

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because money is just work, and there's 3 billion unemployed young people in

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the world that really want to work.

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All we have to do is give this world this new global financial

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architecture that it needs, so

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people can trade with each other.

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That is

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truly the, the mission of Bitcoin, right?

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It's not just to have a wallet.

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It's so that we can trade.

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Satoshi Nakamoto knew that, you know, the first version of Bitcoin Core

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had all these marketplace functions.

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I happen to be the only guy that built a

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marketplace organically

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in Bitcoin.

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So, hey, we're going to make it unstoppable, permissionless,

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and decentralized.

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And the global South will be the ones to lead it.

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All we need to do is deliver this path to them, and we're going to see rapid change.

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Rapid change, as in, within five years, you could start

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seeing breakaway civilizations.

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All throughout the global South.

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You know, it sounds crazy.

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Wow.

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Is Wakanda really possible?

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Well, yeah, it really is.

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I mean,

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Zimbabwe was

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on, on the course to be the next like Wakanda.

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And then what happened?

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One trillion dollar notes.

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Yes.

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Yeah.

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Mugabe is evil.

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And it just doesn't stop.

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And they went the way of Venezuela.

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And it just happens every single time you have a civilization

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that is ready to break away.

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They get smashed.

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It doesn't matter if they're black or if they're white, like the Yugoslavians.

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like a superpower in Europe.

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They had their own space program and then, then balkanized.

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Broken up into pieces.

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This dark entity out there doesn't care if you're black, white, brown,

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yellow, it's going to come after you.

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If you're getting too rich, taking care of your people too well,

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you're going to get the boot now.

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And that's the constant

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trend.

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Once the Global South has leaders that are not afraid, then things will change.

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Now the reason

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these leaders in the Global South are afraid to stand up to this entity

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It's simple, they might be nice guys, they might want to help their

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people, and I believe most of them do, but their bank accounts are

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in London, Paris, and New York,

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so they step out of line, that's it,

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that's why the global

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south needs, it stands the most to benefit.

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from solving this problem, the money problem, and once we solve it for

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them, they will pick the entire world up together, even the West,

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as it's spiraling down now into destruction, and it absolutely is.

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In fact, I think the whole West has been a corpse, or at least

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America.

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For the past 20 years, really since, since they got JFK, honestly, and

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the Catholic Church, you know, it all happened around the same time.

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They destroyed the moral fiber of the country and it's just

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been chopping it down ever since.

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But as the Global South rises, and it is,

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it will pick up the entirety of the world.

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That's what I believe.

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I do believe I answered your question.

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Yeah.

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Yeah.

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So what's, what's the money situation in Egypt?

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Like it's Egypt.

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This is just to lead up to the joke.

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It's Egypt, the pyramid scheme, like

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it's just a scam at this point, you know, the whole thing is, it's not

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even, it's not even, it doesn't even qualify as a scheme.

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It's just a scam.

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Like all the economies of the global South are basically

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a huge scam set up by these, you know, central bankers.

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That incentivizes corruption was, you know, people always

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ask me, you know, Egypt is an

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African country, or at least it used to be culturally.

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00:10:32,577 --> 00:10:36,937
And then once Gamaldo Nasser died, they took Egypt away from Africa

259
00:10:36,937 --> 00:10:38,067
and put it with the Middle East.

260
00:10:39,167 --> 00:10:40,157
And that was a mistake.

261
00:10:40,777 --> 00:10:41,307
Unfortunately, the

262
00:10:41,317 --> 00:10:45,027
Egyptians ended up being second or third rate Arabs instead of first

263
00:10:45,027 --> 00:10:45,897
rate Africans.

264
00:10:45,897 --> 00:10:47,367
This was all by design.

265
00:10:48,037 --> 00:10:48,437
So,

266
00:10:48,437 --> 00:10:53,422
um Yeah, the financial system in Egypt is just like the rest of the global south.

267
00:10:53,482 --> 00:10:54,782
It is basically a vassal

268
00:10:54,792 --> 00:10:55,162
state

269
00:10:56,072 --> 00:10:58,392
and all the, you know, if you go to the

270
00:10:59,032 --> 00:11:02,552
minister of economics in any global south nation, their

271
00:11:02,552 --> 00:11:04,792
number one concern is, do we have enough?

272
00:11:04,852 --> 00:11:07,845
And I

273
00:11:07,845 --> 00:11:10,838
believe my

274
00:11:10,838 --> 00:11:15,327
video is out.

275
00:11:15,327 --> 00:11:16,824
Until

276
00:11:16,824 --> 00:11:19,816
next time,

277
00:11:19,816 --> 00:11:21,313
bye.

278
00:11:21,313 --> 00:11:22,809
Bye.

279
00:11:22,809 --> 00:11:24,306
Bye.

280
00:11:24,306 --> 00:11:25,802
Bye.

281
00:11:25,802 --> 00:11:27,299
Bye.

282
00:11:27,299 --> 00:11:28,795
Bye.

283
00:11:28,795 --> 00:11:30,292
Bye.

284
00:11:32,542 --> 00:11:34,342
Your whole country is 20 percent poorer.

285
00:11:34,992 --> 00:11:35,872
And that's what's happened.

286
00:11:36,152 --> 00:11:37,002
They have that power.

287
00:11:37,002 --> 00:11:39,392
They can do the same thing to gold or silver, and they have them.

288
00:11:40,082 --> 00:11:40,822
This is the problem.

289
00:11:40,822 --> 00:11:40,952
They

290
00:11:40,952 --> 00:11:42,022
control price discovery.

291
00:11:42,022 --> 00:11:42,152
So

292
00:11:42,152 --> 00:11:42,262
if

293
00:11:42,262 --> 00:11:44,612
any one of these guys in the global south steps out of

294
00:11:44,612 --> 00:11:46,582
line, they're going to get the

295
00:11:46,592 --> 00:11:50,232
call and the call is going to be like, Hey, you're doing something

296
00:11:50,232 --> 00:11:51,482
we don't like, don't you know?

297
00:11:52,072 --> 00:11:55,892
We can make you a whole lot poorer overnight, and you better step in line.

298
00:11:56,822 --> 00:11:59,192
That's it, they don't need guns, they don't need the marines to

299
00:11:59,192 --> 00:12:01,072
land, they control price discovery.

300
00:12:01,102 --> 00:12:05,672
It's a little mad wizard on this dashboard of evil and he's got the little levers.

301
00:12:06,182 --> 00:12:09,742
Let me punish him and say, oh, this guy is sucking up real nice, let me give him a

302
00:12:09,742 --> 00:12:09,832
little

303
00:12:10,052 --> 00:12:10,202
bit more.

304
00:12:11,942 --> 00:12:12,822
And this is what we're up against.

305
00:12:13,972 --> 00:12:14,182
So,

306
00:12:14,182 --> 00:12:17,562
so, so how does that quote unquote war play out?

307
00:12:17,572 --> 00:12:22,192
How, how does Bitcoin take over Africa and South America?

308
00:12:22,202 --> 00:12:27,882
It's like people like Bukele will, will they show up, uh, in Africa as well?

309
00:12:27,882 --> 00:12:29,752
Or like, uh, or is this a

310
00:12:30,672 --> 00:12:32,592
roots, roots movement, grassroots movement?

311
00:12:32,952 --> 00:12:35,702
Yeah, there's not going to be a Bukele in Africa because the pressures are very

312
00:12:35,702 --> 00:12:36,052
different.

313
00:12:36,052 --> 00:12:39,452
Remember, Bukele is already using the US dollar, so they can't get

314
00:12:39,452 --> 00:12:43,402
him with the whole inflationary currency wars attack right there.

315
00:12:43,412 --> 00:12:44,352
He was also very,

316
00:12:44,932 --> 00:12:49,042
um, I don't like to use the word egotistical because I'm a fan of Bukele,

317
00:12:49,042 --> 00:12:54,187
but He had a, he had an objective and it was very, you know, he just pursued it.

318
00:12:54,187 --> 00:12:56,897
But the Africans are going to be far more practical, right?

319
00:12:57,307 --> 00:12:58,017
They want things.

320
00:12:58,027 --> 00:13:02,167
They're going to make them money, help them save money, let them use their money.

321
00:13:02,167 --> 00:13:03,807
It's very, very practical over there.

322
00:13:04,237 --> 00:13:04,957
And they have to, they are

323
00:13:04,957 --> 00:13:06,247
towing a very fine line.

324
00:13:06,247 --> 00:13:08,797
Because remember, African leaders that step out of line end up dead.

325
00:13:09,482 --> 00:13:13,012
People always ask, hey, Africa's poor because it's corrupt.

326
00:13:13,282 --> 00:13:13,862
Isn't that it?

327
00:13:13,912 --> 00:13:14,672
They're all corrupt.

328
00:13:15,392 --> 00:13:18,522
Well, yeah, most, almost all these leaders are quote unquote

329
00:13:18,542 --> 00:13:20,792
corrupted because they see what

330
00:13:20,792 --> 00:13:22,242
happens to the non corrupt leaders.

331
00:13:22,272 --> 00:13:23,012
They get killed.

332
00:13:23,402 --> 00:13:24,602
Thomas Sankara,

333
00:13:24,602 --> 00:13:26,832
Burkina Faso, killed by the Americans.

334
00:13:27,312 --> 00:13:30,202
Um, Patrice Lumumba, killed by the

335
00:13:30,212 --> 00:13:31,272
French and the Belgian.

336
00:13:31,872 --> 00:13:32,562
You know, they sent

337
00:13:32,572 --> 00:13:34,282
back, they boiled his body

338
00:13:34,282 --> 00:13:36,692
in sulfuric acid, sent back his...

339
00:13:37,207 --> 00:13:39,847
Molar, 61 years later to his family.

340
00:13:40,347 --> 00:13:40,807
And this is why

341
00:13:40,857 --> 00:13:41,767
you never hear about it.

342
00:13:41,807 --> 00:13:42,157
You know, we're

343
00:13:42,157 --> 00:13:43,987
hearing about what's happening in the Middle East right now.

344
00:13:43,987 --> 00:13:46,157
And it's, it's, it's terror beyond terror.

345
00:13:47,357 --> 00:13:49,897
But this has been happening behind the scenes throughout the

346
00:13:49,897 --> 00:13:51,357
entire global South for the past

347
00:13:51,417 --> 00:13:52,137
hundred years.

348
00:13:52,647 --> 00:13:54,007
And no one hears about this.

349
00:13:54,017 --> 00:13:54,287
So

350
00:13:54,327 --> 00:13:56,207
naturally the leaders over there are scared.

351
00:13:56,207 --> 00:13:57,227
They don't want to do anything.

352
00:13:57,577 --> 00:13:58,497
So, how

353
00:13:58,497 --> 00:13:59,357
can Bitcoin help?

354
00:13:59,367 --> 00:14:00,377
That's the question, right?

355
00:14:00,377 --> 00:14:00,637
So,

356
00:14:01,807 --> 00:14:06,497
it's more like, how can the global South take over Bitcoin, rather than

357
00:14:06,527 --> 00:14:08,257
how Bitcoin can take the global South.

358
00:14:08,897 --> 00:14:11,397
You have to see it in that way, and then it works, right?

359
00:14:11,397 --> 00:14:15,357
Because when you go there, if you go there if you like, you try to push them

360
00:14:15,357 --> 00:14:19,317
on Bitcoin, hey, there's this great libertarian technology, where you can

361
00:14:19,327 --> 00:14:23,057
store your own keys, and they'll stare at your face and look you in the eyes and

362
00:14:23,927 --> 00:14:29,467
be like white boy problems just like, all right, but if you go to them and you're

363
00:14:29,467 --> 00:14:31,337
like, you know, they smell scam, right?

364
00:14:31,337 --> 00:14:33,667
Because if you go to Africa, so many people have been scammed

365
00:14:33,667 --> 00:14:34,717
by all this crypto stuff.

366
00:14:34,717 --> 00:14:37,167
And it was before crypto, they were scammed by the MLM stuff.

367
00:14:37,167 --> 00:14:39,897
And then the MLM guys got into crypto as a senior superior

368
00:14:39,897 --> 00:14:41,317
form of money transmission.

369
00:14:41,807 --> 00:14:42,697
But that's the key.

370
00:14:42,957 --> 00:14:45,177
It's the transmission that they have a problem with.

371
00:14:45,227 --> 00:14:46,567
If you tell them, Hey, hold on a second.

372
00:14:47,382 --> 00:14:49,632
You don't have to invest in this and you don't have to care

373
00:14:49,632 --> 00:14:50,902
about the technology either.

374
00:14:50,912 --> 00:14:51,422
You know, we're not

375
00:14:51,422 --> 00:14:54,112
going to get into ones and zeros and start writing code right now.

376
00:14:54,452 --> 00:14:54,632
This

377
00:14:54,632 --> 00:14:58,402
is a very simple way for you to do things you couldn't do before.

378
00:14:58,872 --> 00:15:00,332
And if you so choose, start

379
00:15:00,332 --> 00:15:03,662
your own money services business on this platform.

380
00:15:04,062 --> 00:15:04,942
It's a platform.

381
00:15:06,002 --> 00:15:07,542
And make money move and make profit.

382
00:15:08,012 --> 00:15:09,502
And you start giving them examples,

383
00:15:09,572 --> 00:15:09,782
right?

384
00:15:09,792 --> 00:15:12,852
Like, hey, I tell, this is a great example

385
00:15:12,852 --> 00:15:13,582
I use all the time.

386
00:15:13,582 --> 00:15:14,832
I have a friend in Berlin.

387
00:15:15,162 --> 00:15:16,072
She's got, you know,

388
00:15:16,072 --> 00:15:16,862
a sister in Kenya.

389
00:15:16,892 --> 00:15:18,252
She sends money over with

390
00:15:18,252 --> 00:15:18,992
Western Union.

391
00:15:19,022 --> 00:15:21,532
Sister has to go pick it up in cash,

392
00:15:21,552 --> 00:15:22,682
go away online.

393
00:15:23,572 --> 00:15:26,802
You know, she pays a huge fee, you know, but forget the fee for a moment.

394
00:15:28,472 --> 00:15:31,912
So I asked her, okay, um, does your sister have an M Pesa account?

395
00:15:32,062 --> 00:15:33,472
That's like the top mobile wallet.

396
00:15:33,722 --> 00:15:34,872
In Kenya.

397
00:15:34,927 --> 00:15:35,147
Yeah.

398
00:15:35,397 --> 00:15:36,187
She's like, yeah.

399
00:15:36,507 --> 00:15:37,347
Give me her number.

400
00:15:38,387 --> 00:15:40,297
So I go on to the peer to peer marketplace

401
00:15:40,347 --> 00:15:41,717
that I was running and I search

402
00:15:41,717 --> 00:15:42,327
in Kenya.

403
00:15:42,397 --> 00:15:46,327
Is anyone here that wants to buy Bitcoin, pay with

404
00:15:46,327 --> 00:15:49,727
mobile money M Pesa I find a guy, several, but this guy, had the best

405
00:15:49,747 --> 00:15:54,277
price, he's willing to pay 4 over market because Bitcoin is more scarce in Kenya.

406
00:15:56,157 --> 00:15:57,497
I started to trade with him.

407
00:15:58,007 --> 00:15:59,137
He says, give me the number.

408
00:15:59,597 --> 00:16:03,387
So I give him, uh, my friend's sister's M Pesa number.

409
00:16:04,157 --> 00:16:07,167
The Bitcoin is in escrow, so he sends it first.

410
00:16:08,197 --> 00:16:11,037
And then my friend gets a text from her sister, and she's like,

411
00:16:11,037 --> 00:16:12,497
hey, my sister's asking where this

412
00:16:12,957 --> 00:16:13,957
money came from.

413
00:16:13,997 --> 00:16:19,237
She got a hundred and four euros worth of Kenyan shillings.

414
00:16:19,307 --> 00:16:21,577
This guy's willing to pay 4 percent over market price.

415
00:16:21,587 --> 00:16:25,427
So I sent a hundred euros to Kenya.

416
00:16:26,257 --> 00:16:28,417
At a 4 bonus

417
00:16:29,067 --> 00:16:29,177
and

418
00:16:29,177 --> 00:16:32,577
her sister got it instantly and she could spend that on M Pesa So my, my friend

419
00:16:32,577 --> 00:16:36,517
looked at me and like, can you do that again?

420
00:16:37,097 --> 00:16:38,377
I'm like, yeah, I can do it anytime.

421
00:16:38,387 --> 00:16:38,767
This guy's

422
00:16:38,777 --> 00:16:39,477
always buying.

423
00:16:40,227 --> 00:16:41,977
She's like, can I, can I.

424
00:16:42,897 --> 00:16:43,967
Can I do it myself?

425
00:16:43,967 --> 00:16:44,427
I'm like, yeah.

426
00:16:44,427 --> 00:16:45,427
And I just showed her how to do it.

427
00:16:46,027 --> 00:16:48,097
Next thing you know, she's doing remittances.

428
00:16:48,167 --> 00:16:51,297
She's acting as a little Western Union for all of her Kenyan schoolteacher

429
00:16:51,327 --> 00:16:51,587
friends.

430
00:16:52,477 --> 00:16:53,677
And she's making a huge

431
00:16:53,677 --> 00:16:54,147
profit.

432
00:16:54,157 --> 00:16:55,607
She's making 4 percent of the Bitcoin.

433
00:16:56,017 --> 00:16:59,157
She's charging them, I think, anywhere from 5 percent to 9%.

434
00:16:59,157 --> 00:17:00,727
So she's making like a 10 percent profit.

435
00:17:00,737 --> 00:17:04,527
Her friends are getting the deal at half the price and her friends and

436
00:17:04,527 --> 00:17:05,757
family can spend it immediately.

437
00:17:05,757 --> 00:17:06,997
It's a huge win for everybody.

438
00:17:07,717 --> 00:17:12,277
And you can do that to get money into the global South, which is called remittance.

439
00:17:12,907 --> 00:17:15,917
And you can use that to get money out of the Global South to merchants

440
00:17:16,037 --> 00:17:19,207
in the Global South or whoever can make payments or buy stuff on eBay

441
00:17:19,207 --> 00:17:20,467
or whatever that's called payments.

442
00:17:21,077 --> 00:17:23,157
It just allows the money to flow around.

443
00:17:23,787 --> 00:17:27,147
And if you're smart and you have a community, you can start a

444
00:17:27,147 --> 00:17:29,977
business with it, whether it's a Western Union or a PayPal.

445
00:17:30,802 --> 00:17:32,062
Or whatever it might be.

446
00:17:32,062 --> 00:17:34,152
And that's what people on the platform I built did.

447
00:17:34,582 --> 00:17:36,412
Now this works so well in the global South.

448
00:17:36,472 --> 00:17:39,622
There's a lot of smart young people that have these huge problems and are

449
00:17:39,672 --> 00:17:41,032
very ambitious and hungry.

450
00:17:41,602 --> 00:17:46,272
So I kind of created, um, this marketplace of arbitrage traders, peer

451
00:17:46,272 --> 00:17:47,512
to peer arbitrage traders.

452
00:17:48,152 --> 00:17:49,642
And it's a humongous business.

453
00:17:49,642 --> 00:17:51,472
People have no idea how big it

454
00:17:51,472 --> 00:17:51,542
is.

455
00:17:51,592 --> 00:17:52,632
And it's only going to grow.

456
00:17:53,012 --> 00:17:57,542
The problem is, you know, there's Bitcoin that acts as the clearing layer

457
00:17:57,542 --> 00:18:01,892
for this, the wallet, but you still need the order book, you know, like

458
00:18:01,892 --> 00:18:06,012
the listing of all the offers, like, Hey, I got a 100 Amazon gift card here.

459
00:18:06,032 --> 00:18:08,582
Give me 70 bucks for Bitcoin for it, right?

460
00:18:08,582 --> 00:18:10,212
Or, Hey, I want to make a, uh.

461
00:18:22,037 --> 00:18:23,487
Uh, There is

462
00:18:23,497 --> 00:18:24,927
all these things you can do.

463
00:18:26,537 --> 00:18:27,547
And uh, I lost my

464
00:18:27,547 --> 00:18:29,057
train of thought, what was I talking about?

465
00:18:29,057 --> 00:18:29,467
Uh, yeah.

466
00:18:29,872 --> 00:18:32,782
That's all that happens, which we have some guys at UNTAR doing.

467
00:18:32,792 --> 00:18:33,152
The

468
00:18:33,892 --> 00:18:37,032
M Pesa is a funny story in itself, right?

469
00:18:38,202 --> 00:18:42,162
I read somewhere there was like 70 percent of the Kenyan economy at some point.

470
00:18:42,412 --> 00:18:42,662
Oh, it's more.

471
00:18:42,662 --> 00:18:43,632
It really took over.

472
00:18:44,432 --> 00:18:45,152
It's more now.

473
00:18:45,182 --> 00:18:47,442
Yeah, it's crazy.

474
00:18:48,272 --> 00:18:49,282
How would you describe that?

475
00:18:49,282 --> 00:18:51,682
It's like prepaid SIM cards?

476
00:18:53,562 --> 00:18:55,882
It's like PayPal on a mobile wallet, basically.

477
00:18:55,942 --> 00:18:56,422
That's what it is.

478
00:18:56,422 --> 00:19:01,432
The top telco there is called Safaricom and they just started, you know,

479
00:19:01,432 --> 00:19:03,502
letting people be able to send money

480
00:19:04,362 --> 00:19:05,172
with an SMS.

481
00:19:05,302 --> 00:19:05,472
Yeah.

482
00:19:05,802 --> 00:19:06,302
And that's how it

483
00:19:06,312 --> 00:19:06,612
started.

484
00:19:06,652 --> 00:19:11,262
It wasn't even SMS to use, um, USSD, which is like interactive SMS.

485
00:19:11,752 --> 00:19:11,862
So

486
00:19:12,082 --> 00:19:14,422
before the most of them, Pace is not even on smartphones.

487
00:19:15,212 --> 00:19:16,492
People are sending out those little great

488
00:19:16,902 --> 00:19:17,942
mentions on the Nokia.

489
00:19:17,942 --> 00:19:18,752
That's how they're using it.

490
00:19:19,632 --> 00:19:22,372
And when you think about it, it makes logical sense because the

491
00:19:22,372 --> 00:19:23,812
same way you'd send a text message,

492
00:19:24,342 --> 00:19:25,742
you should be able to send value.

493
00:19:26,002 --> 00:19:26,242
Yeah.

494
00:19:26,302 --> 00:19:26,692
Right?

495
00:19:26,942 --> 00:19:27,482
And most of

496
00:19:27,482 --> 00:19:30,792
M Pesa is still on SMS and USSD and it works.

497
00:19:31,202 --> 00:19:36,882
Yeah, and if that could happen to, to a shitcoin like M Pesa, I

498
00:19:36,882 --> 00:19:40,762
mean, imagine, like, the Bitcoin adoption could actually be

499
00:19:40,782 --> 00:19:41,332
quicker.

500
00:19:42,002 --> 00:19:42,932
Absolutely, absolutely.

501
00:19:43,232 --> 00:19:44,012
And you have companies

502
00:19:44,012 --> 00:19:44,947
like Manchin Kuro.

503
00:19:45,047 --> 00:19:47,967
Building on USSD, trying to make all that happen.

504
00:19:48,737 --> 00:19:52,467
So we have the bits and pieces out and we have lightning over there and we've got,

505
00:19:52,467 --> 00:19:55,907
you know, mentioned Kuro over here and we got, you know, peer to peer marketplaces

506
00:19:55,917 --> 00:19:57,567
like that one I built over there.

507
00:19:58,477 --> 00:20:01,727
And we've got decentralized market protocols over here, but someone

508
00:20:01,727 --> 00:20:03,837
has to bring all that together.

509
00:20:04,852 --> 00:20:07,742
Someone that the people trust was in the global South.

510
00:20:07,752 --> 00:20:09,172
They want to know who's running this thing.

511
00:20:09,172 --> 00:20:10,672
There has to be a person behind it.

512
00:20:10,682 --> 00:20:12,002
You know, it's just the way it is.

513
00:20:12,792 --> 00:20:13,802
Someone has to bring that all

514
00:20:13,802 --> 00:20:16,482
together and make it into a cocktail that everyone can drink.

515
00:20:16,892 --> 00:20:17,592
That's hard.

516
00:20:17,952 --> 00:20:19,092
And that's one of the reasons

517
00:20:19,092 --> 00:20:22,062
that I started CivKit because,

518
00:20:22,552 --> 00:20:24,742
you know, peer to peer marketplaces like the one I built.

519
00:20:25,722 --> 00:20:26,432
They work.

520
00:20:26,522 --> 00:20:27,092
They work great.

521
00:20:27,092 --> 00:20:29,822
We got the 13 million users completely bootstrapped.

522
00:20:30,512 --> 00:20:32,942
Awesome achievement, but it was quite stoppable.

523
00:20:33,552 --> 00:20:33,882
Right?

524
00:20:33,882 --> 00:20:37,052
Because I had a huge dispute with my co founder, you know, all this

525
00:20:37,052 --> 00:20:39,002
drama happened, lawsuit, this, that.

526
00:20:39,972 --> 00:20:42,572
And, um, more importantly, U.

527
00:20:42,572 --> 00:20:42,742
S.

528
00:20:42,742 --> 00:20:44,352
regulations, it was an American company.

529
00:20:45,972 --> 00:20:46,982
There's no way a U.

530
00:20:46,982 --> 00:20:47,152
S.

531
00:20:47,152 --> 00:20:48,882
company can serve the

532
00:20:48,882 --> 00:20:49,512
global South.

533
00:20:49,922 --> 00:20:50,372
Because the U.

534
00:20:50,372 --> 00:20:50,522
S.

535
00:20:50,542 --> 00:20:54,782
compliance and regulations are not just dumb, but they're inherently racist.

536
00:20:54,922 --> 00:20:55,092
They

537
00:20:55,102 --> 00:20:56,062
exclude

538
00:20:56,142 --> 00:20:56,652
everyone.

539
00:20:57,072 --> 00:20:58,882
Right, that's what they're designed to do.

540
00:20:59,462 --> 00:21:01,992
So I was trying to bridge these two worlds, you know.

541
00:21:02,632 --> 00:21:05,652
And I could, I, we were trying, we spent a fortune on

542
00:21:05,652 --> 00:21:06,912
compliance, but it's impossible.

543
00:21:07,027 --> 00:21:10,837
It was the system is designed on the other side, not

544
00:21:10,847 --> 00:21:13,917
to serve those people and actually to punish those people.

545
00:21:14,387 --> 00:21:15,167
It truly is.

546
00:21:15,167 --> 00:21:19,337
And I tell you, it was someone who for eight years broke his back, giving, I

547
00:21:19,337 --> 00:21:20,767
mean, at one point, we had a company of

548
00:21:20,777 --> 00:21:24,387
450 people and there were 88 compliance people.

549
00:21:24,707 --> 00:21:26,717
One fifth of the company was compliant.

550
00:21:26,777 --> 00:21:29,957
It's more than any bank anywhere, and it still wasn't enough.

551
00:21:31,117 --> 00:21:34,097
And the horror stories that I can tell you, and this is very close to my heart,

552
00:21:34,097 --> 00:21:38,237
but imagine you're some, some dude in Africa, you're working hard, you built

553
00:21:38,237 --> 00:21:41,037
this whole business, you know, you're, and all your money's here in this

554
00:21:41,047 --> 00:21:45,177
wallet, and then you get this email,

555
00:21:45,177 --> 00:21:46,837
oh, your account has been frozen.

556
00:21:47,507 --> 00:21:48,167
Your funds are suspended.

557
00:21:48,937 --> 00:21:49,347
Reason?

558
00:21:49,347 --> 00:21:50,127
We can't give you a reason.

559
00:21:50,127 --> 00:21:50,497
Sorry.

560
00:21:50,707 --> 00:21:53,917
it's against the law And I'm like, what did I do?

561
00:21:54,547 --> 00:21:55,647
This guy just stole my money.

562
00:21:56,107 --> 00:21:58,067
No, it's because we got a

563
00:21:58,067 --> 00:21:59,567
severe alert from Chainalysis.

564
00:22:00,797 --> 00:22:01,017
Three

565
00:22:01,017 --> 00:22:06,217
years ago, this African got 22 dollars from someone in Iran.

566
00:22:09,197 --> 00:22:11,387
Take his all lock up all his money right now.

567
00:22:12,347 --> 00:22:14,357
And then what the, this is reality, man.

568
00:22:14,897 --> 00:22:17,297
This is what happens on a scale.

569
00:22:17,997 --> 00:22:19,677
I'm not going to run a business like that.

570
00:22:20,397 --> 00:22:23,787
It is, it did help people and continues to help people, but I have

571
00:22:23,787 --> 00:22:25,427
to run a humane business, you know?

572
00:22:25,897 --> 00:22:28,967
And that's not humane, because it's not set up to be humane, it's set up.

573
00:22:29,487 --> 00:22:30,197
For evil,

574
00:22:30,877 --> 00:22:34,677
it's set up for evil from the start and that's, that's the situation right there.

575
00:22:34,677 --> 00:22:35,067
So what we

576
00:22:35,067 --> 00:22:36,937
need to do is we need a

577
00:22:36,937 --> 00:22:39,307
permissionless, unstoppable,

578
00:22:39,617 --> 00:22:41,847
free market built on Bitcoin.

579
00:22:42,277 --> 00:22:44,527
That's what makes it permissionless and unstoppable, right?

580
00:22:45,087 --> 00:22:49,477
That can serve, you know, the entire world via OTC, peer to peer.

581
00:22:49,477 --> 00:22:52,637
Anyone should be able to sell anything to anyone.

582
00:22:52,977 --> 00:22:53,577
That's what we

583
00:22:53,577 --> 00:22:55,377
need and that's what I'm building.

584
00:22:56,417 --> 00:23:02,837
I know a company, the concept of a company on a Bitcoin standard is nothing

585
00:23:02,837 --> 00:23:07,197
but a telegram group, really, like you don't need any of the other stuff.

586
00:23:07,197 --> 00:23:08,697
It's just people.

587
00:23:09,827 --> 00:23:10,107
Yeah.

588
00:23:10,107 --> 00:23:11,877
So it's nothing about a telegram group.

589
00:23:11,907 --> 00:23:15,977
Um, the problem, you know, you can run it that way and that's great, but you know.

590
00:23:16,462 --> 00:23:17,592
The problem is Uncle Sam.

591
00:23:18,192 --> 00:23:20,432
Uncle Sam's arm is long, you know, and they're going to be

592
00:23:20,432 --> 00:23:24,342
looking, how can we put these boys here over in jail over here?

593
00:23:25,662 --> 00:23:26,952
So it's all he's looking to do, man.

594
00:23:28,142 --> 00:23:31,982
So you have to build a system that is completely decentralized, where you

595
00:23:31,982 --> 00:23:36,172
don't hold customer funds, where you don't make money off the protocols.

596
00:23:36,182 --> 00:23:40,417
If you make money off the protocol, Uncle Sam Oh hey boy

597
00:23:40,417 --> 00:23:41,737
over here Going a little too fast.

598
00:23:43,477 --> 00:23:44,467
That's what's going on.

599
00:23:44,477 --> 00:23:47,747
So you have to be thinking defensively and adversarially

600
00:23:47,787 --> 00:23:48,927
because you have an adversary

601
00:23:48,927 --> 00:23:51,497
chasing you who's highly aggressive, highly aggressive.

602
00:23:53,037 --> 00:23:56,627
So that's why uh, CivKit is a protocol, there's no corporate,

603
00:23:56,677 --> 00:24:00,737
there's no foundation, it's just a, you know, github and you know.

604
00:24:00,947 --> 00:24:03,317
Discord, Telegram group,

605
00:24:03,647 --> 00:24:04,297
and that's it.

606
00:24:04,297 --> 00:24:06,627
And if someone wants to build a marketplace on there, I

607
00:24:06,627 --> 00:24:07,807
want to make it as easy as

608
00:24:07,877 --> 00:24:10,907
possible for anyone to start their own marketplace.

609
00:24:11,737 --> 00:24:13,127
As easy as setting up a

610
00:24:13,127 --> 00:24:16,317
WordPress blog is, you should be able to set up a marketplace.

611
00:24:16,777 --> 00:24:19,927
That's what I want, because I want thousands of marketplaces

612
00:24:19,927 --> 00:24:20,647
all over the world.

613
00:24:21,297 --> 00:24:24,327
So, we're all competing with each other, competing with me, sharing liquidity,

614
00:24:24,677 --> 00:24:28,297
so we're all helping each other make money, and we're just getting that free

615
00:24:28,297 --> 00:24:32,107
trade going, because free trade makes wealth, it makes money for people.

616
00:24:32,167 --> 00:24:35,887
That's why business is so good, because it unlocks the power of humanity,

617
00:24:36,267 --> 00:24:40,497
in that we can put our hands to work over here doing this, and it might

618
00:24:40,497 --> 00:24:43,757
be worth a hell of a lot more to someone over that ocean over there.

619
00:24:44,377 --> 00:24:46,607
And I might go over there, sell to him and the man with it, we

620
00:24:46,607 --> 00:24:48,427
haven't, he has got something I want.

621
00:24:49,027 --> 00:24:50,577
And that's it.

622
00:24:50,967 --> 00:24:54,437
Money allows human cooperation to scale over time and

623
00:24:54,437 --> 00:24:55,497
space, which

624
00:24:55,497 --> 00:24:56,487
is tremendously

625
00:24:56,497 --> 00:24:59,127
powerful because you unlock that magic

626
00:24:59,127 --> 00:25:03,287
key of this, I don't know what to call it, you know, human exponential value

627
00:25:03,287 --> 00:25:03,997
generation.

628
00:25:04,027 --> 00:25:06,487
Like somehow God designed that in us.

629
00:25:06,837 --> 00:25:08,057
That's what we have that's so

630
00:25:08,057 --> 00:25:08,967
special about us.

631
00:25:08,967 --> 00:25:11,017
Our output can be so tremendous.

632
00:25:11,017 --> 00:25:12,447
We can be so generative.

633
00:25:12,947 --> 00:25:14,937
You see it in our creativity, right?

634
00:25:14,937 --> 00:25:17,357
And no other facet of creation has this.

635
00:25:18,167 --> 00:25:19,847
And that's what the dark side is afraid of.

636
00:25:19,917 --> 00:25:20,487
Oh, these

637
00:25:20,487 --> 00:25:22,287
humans get together and they can trade freely.

638
00:25:22,317 --> 00:25:24,467
Oh man, they're going to break away like crazy.

639
00:25:24,467 --> 00:25:28,427
You're going to have cities like Dubai busting out all over the global South.

640
00:25:29,097 --> 00:25:30,707
It's going to happen and it can happen

641
00:25:30,707 --> 00:25:31,207
fast.

642
00:25:31,687 --> 00:25:32,747
And that's what scares them.

643
00:25:33,187 --> 00:25:33,357
Because

644
00:25:33,357 --> 00:25:37,402
look, if you're thinking adversarially in Bitcoin, You got to get down to earth.

645
00:25:37,402 --> 00:25:38,162
You know, I'm a maxi.

646
00:25:38,162 --> 00:25:43,462
I love Bitcoin, but hey, all these people online, they're like, Bitcoin is God.

647
00:25:43,502 --> 00:25:45,032
Bitcoin can never be defeated.

648
00:25:45,122 --> 00:25:48,122
And that's just like, man, bro, all those Americans doing it too, man.

649
00:25:48,122 --> 00:25:49,762
We take everything into a cult, bro.

650
00:25:49,772 --> 00:25:51,142
And like, you hold on, chill out, bro.

651
00:25:51,202 --> 00:25:52,512
This is a battle here, man.

652
00:25:52,512 --> 00:25:53,692
They've had 14 years.

653
00:25:54,762 --> 00:25:55,422
To think about how

654
00:25:55,422 --> 00:25:59,472
to counter us, and they know they don't have to defeat Bitcoin

655
00:25:59,472 --> 00:26:00,862
or make it completely go away.

656
00:26:01,172 --> 00:26:02,922
They can just make it irrelevant.

657
00:26:03,602 --> 00:26:05,372
So how do you make Bitcoin irrelevant?

658
00:26:05,982 --> 00:26:09,172
What if all the Bitcoin, or the vast majority of the free floating

659
00:26:09,192 --> 00:26:12,172
Bitcoin was not freely floating anymore, it was in these bank vaults,

660
00:26:12,912 --> 00:26:14,792
protected by layers of AML and

661
00:26:16,702 --> 00:26:17,702
KYC, and now in the

662
00:26:17,702 --> 00:26:21,462
UK by Jan 6, you're going to have to get taxed, a quiz to

663
00:26:21,462 --> 00:26:23,692
be able to buy Bitcoin, right?

664
00:26:23,692 --> 00:26:24,402
And if you fail it...

665
00:26:25,007 --> 00:26:30,047
Three times you're perm-banned You can only put 10 of your assets in.

666
00:26:30,057 --> 00:26:32,697
There's a, you know, it's all of these barriers are going to be

667
00:26:32,697 --> 00:26:35,867
coming in and that happens when Bitcoin is just an asset class

668
00:26:35,927 --> 00:26:38,657
sitting in vaults and it's irrelevant and they want and they know that.

669
00:26:39,287 --> 00:26:41,237
So now we know they know that.

670
00:26:41,877 --> 00:26:42,687
What are we going to do?

671
00:26:43,355 --> 00:26:45,365
Okay, we have some big news.

672
00:26:45,735 --> 00:26:47,975
We have a new lead sponsor, AmberApp.

673
00:26:48,815 --> 00:26:51,415
They're the number one exchange in the Southern Hemisphere.

674
00:26:51,725 --> 00:26:54,625
They're rated for the best customer service around and

675
00:26:54,645 --> 00:26:56,365
their global launch is coming.

676
00:26:57,035 --> 00:27:01,545
But the reason we're partnering with AmberApp is because of the people.

677
00:27:02,075 --> 00:27:05,185
If you haven't listened to our episode with Izzy, CEO of AmberApp,

678
00:27:05,245 --> 00:27:07,045
you really should go check it out.

679
00:27:07,735 --> 00:27:11,625
You'll see why it made perfect sense to partner with Izzy and AmberApp.

680
00:27:11,995 --> 00:27:12,465
That's it.

681
00:27:12,685 --> 00:27:15,265
All I'll say for now, you really have to check it out for yourself.

682
00:27:15,875 --> 00:27:18,915
They have loads of great features coming that we're excited to share

683
00:27:18,915 --> 00:27:22,285
with you when the time comes, but for now, just check out the episode,

684
00:27:22,285 --> 00:27:23,675
check out their website, Ampr.

685
00:27:23,675 --> 00:27:23,955
app.

686
00:27:24,465 --> 00:27:27,352
You can see for yourself, why we're thrilled to bring Ampr.

687
00:27:27,352 --> 00:27:29,292
app on as our lead sponsor and partner.

688
00:27:29,722 --> 00:27:30,462
So go check it out.

689
00:27:31,202 --> 00:27:32,770
Next up WasabiWallet.

690
00:27:33,010 --> 00:27:36,460
The privacy by default, open source, non custodial Bitcoin

691
00:27:36,460 --> 00:27:38,170
wallet with CoinJoin built in.

692
00:27:38,750 --> 00:27:42,740
It's the easy to use, comprehensive, affordable way to make your coins private.

693
00:27:43,305 --> 00:27:46,315
And the best part is, they've been making huge improvements to the app.

694
00:27:46,625 --> 00:27:49,575
They're really focusing on the user experience, adding advanced

695
00:27:49,685 --> 00:27:52,235
features for power users, they just keep getting better.

696
00:27:52,755 --> 00:27:56,235
You send your coins to your Wasabi wallet, and they get combined with loads of

697
00:27:56,235 --> 00:28:00,355
other coins using the Wabi Sabi protocol, so they're private on the other end.

698
00:28:00,895 --> 00:28:04,405
Your tracks are covered so you can work on expanding your Freedom Footprint

699
00:28:04,555 --> 00:28:06,235
without worrying about your privacy.

700
00:28:07,115 --> 00:28:08,026
So, check out wasabiwallet.

701
00:28:08,026 --> 00:28:11,195
io and download Wasabi today.

702
00:28:11,454 --> 00:28:11,844
So,

703
00:28:12,094 --> 00:28:17,394
um, I got some numbers from, from Sweden where I'm from, about how many

704
00:28:17,394 --> 00:28:22,634
people like might, may or may not hold Bitcoin, uh, uh, not counting

705
00:28:22,654 --> 00:28:25,894
voting accidents, but from one of the.

706
00:28:25,914 --> 00:28:31,184
Exchanges there, they've had 300, 000 customers over the years,

707
00:28:31,644 --> 00:28:33,104
and there's another big exchange.

708
00:28:33,144 --> 00:28:36,664
So, of course, there's some overlap, but if you add another 100, 000 and

709
00:28:36,684 --> 00:28:42,024
maybe another 100, 000, they got it from an international exchange

710
00:28:42,024 --> 00:28:43,454
or because they sold something.

711
00:28:45,044 --> 00:28:48,964
Let's say five, and it's a country with a population of 10 million.

712
00:28:49,324 --> 00:28:55,414
So say like 5 percent of the population is Uh, holds Bitcoin, which means 5 percent

713
00:28:55,424 --> 00:29:00,584
of the population is able to pay other people in Bitcoin, but 100 percent of the

714
00:29:00,584 --> 00:29:06,174
population is already, um, they already have the capability to accept Bitcoin.

715
00:29:06,454 --> 00:29:07,434
I mean, everyone does.

716
00:29:08,049 --> 00:29:09,489
Accepting Bitcoin is easy.

717
00:29:09,489 --> 00:29:14,099
It's like, well, you, you can't acquire them if you don't have

718
00:29:14,099 --> 00:29:16,729
them in the first place, but you can always sell something for it.

719
00:29:16,779 --> 00:29:20,109
So the way I see it is that this economy is already bootstrapped.

720
00:29:20,479 --> 00:29:21,739
It's already there.

721
00:29:22,229 --> 00:29:24,889
Uh, the, it's just that we need.

722
00:29:25,244 --> 00:29:28,394
More and more people to figure out that the old system is bullshit,

723
00:29:28,444 --> 00:29:31,744
so they can start accepting Bitcoin for their goods and services,

724
00:29:31,774 --> 00:29:33,154
and then this happens naturally.

725
00:29:33,454 --> 00:29:34,384
What are your thoughts on that?

726
00:29:35,013 --> 00:29:35,393
yeah.

727
00:29:35,393 --> 00:29:39,173
So the first business I started in Bitcoin wasn't actually my old marketplace.

728
00:29:39,223 --> 00:29:40,073
It was before that.

729
00:29:40,073 --> 00:29:41,973
I made a POS for retail merchants to

730
00:29:41,973 --> 00:29:42,763
accept Bitcoin.

731
00:29:42,763 --> 00:29:43,613
This is back in like 2014.

732
00:29:45,743 --> 00:29:46,933
And it didn't work for a year.

733
00:29:46,933 --> 00:29:51,123
I went around begging the hot dog dealers and bar tenders and

734
00:29:51,123 --> 00:29:52,673
restaurants to accept Bitcoin.

735
00:29:52,673 --> 00:29:55,813
And some did, my good buddies did, but no one came in to

736
00:29:55,813 --> 00:29:56,993
pay with it because no one had

737
00:29:57,163 --> 00:29:57,573
any Bitcoin.

738
00:29:57,573 --> 00:29:58,923
So they forgot how to use it.

739
00:29:58,933 --> 00:29:59,763
Like this is bullshit.

740
00:30:00,738 --> 00:30:02,698
So there are some core problems

741
00:30:02,728 --> 00:30:03,298
to fix there.

742
00:30:03,298 --> 00:30:06,968
I know we're all dreaming of the day that we can buy a latte with Bitcoin

743
00:30:07,428 --> 00:30:09,098
and we think that, Oh, we've made it.

744
00:30:09,108 --> 00:30:10,608
We created a circular economy.

745
00:30:11,348 --> 00:30:15,558
Uh, and I've come to see that that will indeed happen one day, but

746
00:30:15,558 --> 00:30:18,298
not if you try to pursue it on that level, it's not going to work.

747
00:30:18,318 --> 00:30:19,698
We have to go where the traction is.

748
00:30:19,698 --> 00:30:20,608
And that means we have to

749
00:30:20,608 --> 00:30:23,368
go to where the problems are, just like any good entrepreneur.

750
00:30:23,828 --> 00:30:26,458
And I don't see bakeries, you know, saying, Hey man, everyone's trying to

751
00:30:26,488 --> 00:30:27,728
come here and pay with Bitcoin, bro.

752
00:30:27,728 --> 00:30:28,448
We've got to accept some

753
00:30:28,448 --> 00:30:28,828
Bitcoin.

754
00:30:28,828 --> 00:30:29,358
That's not a problem.

755
00:30:29,358 --> 00:30:31,018
They have, which is no demand.

756
00:30:31,688 --> 00:30:33,848
So we have to go where the demand is, where the problems are,

757
00:30:33,848 --> 00:30:34,798
and that's the global south.

758
00:30:34,808 --> 00:30:36,748
That's where it's like Egypt, Nigeria, etc.

759
00:30:37,548 --> 00:30:39,318
People there can't, you know, send

760
00:30:39,318 --> 00:30:41,928
money out of the country because of the capital controls, right?

761
00:30:42,168 --> 00:30:43,298
Huge problem is there.

762
00:30:43,408 --> 00:30:44,118
Massive problem.

763
00:30:44,118 --> 00:30:48,838
They can't even send money to the country next door, you know, because of how broken

764
00:30:49,208 --> 00:30:51,868
the system is over there and more capital controls.

765
00:30:52,298 --> 00:30:57,378
And that's why When you, when you start to appreciate how deep the problem is

766
00:30:57,378 --> 00:30:59,528
over there, you know, it's mind blowing.

767
00:30:59,548 --> 00:31:00,528
I even gave it a name.

768
00:31:00,528 --> 00:31:03,758
I call it financial apartheid because that's really what it is.

769
00:31:03,938 --> 00:31:06,358
It's like, you want to talk about racial apartheid?

770
00:31:06,358 --> 00:31:08,418
Yeah, okay, I can't go use that bathroom over there.

771
00:31:08,418 --> 00:31:09,658
Okay, that's, you know, whatever, but...

772
00:31:10,273 --> 00:31:12,203
If I, if my money is trapped

773
00:31:12,253 --> 00:31:15,703
in where I was born and I can't even send it to the country next door, I can't

774
00:31:15,713 --> 00:31:20,123
access liquidity opportunities outside of the country, I can't even buy stuff

775
00:31:20,523 --> 00:31:23,403
outside of the country, if my friends and family outside of the country

776
00:31:23,403 --> 00:31:27,803
in California would want to send me money, I lose 50 percent each time.

777
00:31:28,563 --> 00:31:29,293
Like, what's going on?

778
00:31:29,293 --> 00:31:31,913
The government isn't even getting the volume share of that.

779
00:31:31,913 --> 00:31:32,813
It's Western Union.

780
00:31:32,813 --> 00:31:36,023
So, the entire area is just being screwed over.

781
00:31:36,533 --> 00:31:37,783
That is a real problem.

782
00:31:37,793 --> 00:31:39,133
That's what keeps you poor.

783
00:31:39,503 --> 00:31:42,303
You know, I'm happy to use my own bathroom.

784
00:31:42,303 --> 00:31:44,133
As long as I have money, I'll build a great bathroom.

785
00:31:44,133 --> 00:31:48,393
But if you're kept poor, like, that is the worst form of apartheid.

786
00:31:48,403 --> 00:31:50,413
Financial apartheid is the most devastating.

787
00:31:50,413 --> 00:31:54,003
The problems that the global south has with money are so extreme.

788
00:31:54,353 --> 00:31:55,463
It's hard for us to appreciate.

789
00:31:55,473 --> 00:31:56,883
We have to solve that problem.

790
00:31:57,513 --> 00:31:59,193
Like, who cares where you're buying latte?

791
00:31:59,193 --> 00:32:00,823
I mean, buy the latte from you?

792
00:32:00,823 --> 00:32:01,523
Well, that's fine.

793
00:32:01,843 --> 00:32:06,233
I'll order the best coffee made from raccoon poo from, you know, Peru or

794
00:32:06,233 --> 00:32:10,363
wherever, and I'll get it here, and I'll set up a whole, like, you know, that's the

795
00:32:10,363 --> 00:32:11,403
real problem here.

796
00:32:11,443 --> 00:32:11,683
So,

797
00:32:11,683 --> 00:32:12,453
let's focus on

798
00:32:12,453 --> 00:32:12,703
that.

799
00:32:12,703 --> 00:32:16,233
Let's focus on building a system of transfer.

800
00:32:16,658 --> 00:32:19,988
Where we can move money into the country, move money out of the country, move

801
00:32:19,998 --> 00:32:24,338
money pan African, pan Latin America, pan Southeast Asian with no problems.

802
00:32:24,788 --> 00:32:25,978
We do that and we're going to

803
00:32:26,038 --> 00:32:27,198
see an explosion of wealth.

804
00:32:27,688 --> 00:32:28,598
Think of it like this.

805
00:32:29,998 --> 00:32:35,208
How rich would America be if I couldn't send money from New York to New Jersey?

806
00:32:35,698 --> 00:32:36,538
If I had to go through...

807
00:32:36,828 --> 00:32:40,398
Huge conversions, capital controls, all this red tape.

808
00:32:41,208 --> 00:32:44,168
Would America be the most richest country in the world?

809
00:32:44,168 --> 00:32:45,618
No, it'd be a third world country.

810
00:32:46,628 --> 00:32:47,058
And that's the

811
00:32:47,058 --> 00:32:47,868
situation in Africa.

812
00:32:47,868 --> 00:32:49,548
There's 50 countries, 54 countries.

813
00:32:50,808 --> 00:32:53,318
It's impossible to even send money from one country to the country

814
00:32:53,318 --> 00:32:55,148
next door, even with mobile money.

815
00:32:56,028 --> 00:32:59,158
With mobile money, M PACE is in actually 10 different African countries.

816
00:32:59,828 --> 00:33:01,168
I cannot send money.

817
00:33:01,283 --> 00:33:05,303
From an M Paisa account in Ghana to an M Paisa account in Kenya.

818
00:33:08,393 --> 00:33:10,423
Financial apartheid is real, man.

819
00:33:10,423 --> 00:33:12,323
Bitcoin has to focus on solving that.

820
00:33:12,943 --> 00:33:14,263
And that's hard.

821
00:33:14,323 --> 00:33:16,603
That's extremely hard to build a marketplace.

822
00:33:17,103 --> 00:33:18,003
Extremely hard.

823
00:33:18,013 --> 00:33:20,453
The hardest challenge in the marketplace is the fraud.

824
00:33:21,513 --> 00:33:23,843
You're dealing with people online you've never met before.

825
00:33:25,053 --> 00:33:26,263
The Bitcoin is there.

826
00:33:26,333 --> 00:33:28,673
You can ensure that, you know, that's there, which is trustless.

827
00:33:30,228 --> 00:33:30,758
But what about the

828
00:33:31,028 --> 00:33:32,258
fiat side of the transaction?

829
00:33:32,558 --> 00:33:34,058
How do you know the gift card is good?

830
00:33:34,488 --> 00:33:36,968
How do you know this guy is actually in charge of that

831
00:33:36,968 --> 00:33:38,528
bank account or PayPal account?

832
00:33:38,858 --> 00:33:41,368
How do you know this guy won't charge back the debit card,

833
00:33:42,388 --> 00:33:42,898
right?

834
00:33:43,468 --> 00:33:44,588
That's the hard part.

835
00:33:44,838 --> 00:33:47,988
And I spent eight years of my life, you know, building a system.

836
00:33:48,658 --> 00:33:51,868
That was quite reasonably the most secure the world has ever seen.

837
00:33:51,868 --> 00:33:54,958
Less than 1 percent of our transactions had

838
00:33:54,958 --> 00:33:58,688
a dispute and almost all of them were just with the highly risky methods like

839
00:33:58,688 --> 00:33:59,598
gift cards, right?

840
00:34:00,388 --> 00:34:05,948
So Bitcoin needs to focus on the biggest problem and that's OTC, over

841
00:34:05,948 --> 00:34:10,318
the counter money transfer, peer to peer, that if we get all of these

842
00:34:10,328 --> 00:34:13,788
arbitrage traders doing that, all the people going to these marketplace

843
00:34:13,858 --> 00:34:16,518
apps built on this marketplace to do what they need to do.

844
00:34:17,708 --> 00:34:21,278
Man, you're going to see tremendous volume moving across Bitcoin.

845
00:34:21,718 --> 00:34:24,518
And eventually those people are going to be like, some of those

846
00:34:24,518 --> 00:34:26,638
people getting those services won't even know Bitcoin exists.

847
00:34:26,798 --> 00:34:30,548
A good financial services vendor will abstract away that

848
00:34:30,548 --> 00:34:34,218
whole process for granny, you know, but eventually,

849
00:34:34,428 --> 00:34:35,968
you know, if Bitcoin is power on

850
00:34:35,968 --> 00:34:39,138
all of these rails, man, it's going to start to trickle

851
00:34:39,138 --> 00:34:39,488
down.

852
00:34:39,488 --> 00:34:42,778
It's not just the people that are handling it on the business side, but other

853
00:34:42,778 --> 00:34:43,758
people are going to want to come in and

854
00:34:43,758 --> 00:34:45,158
understand how this thing works.

855
00:34:45,783 --> 00:34:48,923
And that's how you get a technology and it might be invisible at

856
00:34:48,923 --> 00:34:51,233
first, and then it will become more

857
00:34:51,243 --> 00:34:56,033
visible as a store of value, as an asset, and maybe even an

858
00:34:56,033 --> 00:35:00,863
ethos, but coming up to the people of Global South, being hallelujah, welcome to

859
00:35:00,863 --> 00:35:04,623
the gospel of Bitcoin, that, that strategy doesn't work, and it doesn't work with

860
00:35:04,643 --> 00:35:07,233
the retail merchants either because you're not solving a problem that they have,

861
00:35:07,823 --> 00:35:11,333
but the peer to peer angle does work, which makes people

862
00:35:11,333 --> 00:35:11,693
rich.

863
00:35:11,723 --> 00:35:13,843
Every week I get pictures.

864
00:35:13,863 --> 00:35:14,853
Hey, he's my new Lexus.

865
00:35:14,933 --> 00:35:15,633
He's my new house.

866
00:35:16,123 --> 00:35:17,903
I built my business on your platform.

867
00:35:17,913 --> 00:35:18,893
Oh man, I love

868
00:35:19,113 --> 00:35:19,353
Bitcoin.

869
00:35:19,583 --> 00:35:20,033
So

870
00:35:20,663 --> 00:35:25,933
the monetary apartheid that you're talking about, like there's been

871
00:35:25,933 --> 00:35:29,633
a bunch of uprisings in the old French colonies of West Africa,

872
00:35:29,633 --> 00:35:32,033
like Niger and Senegal and stuff.

873
00:35:32,393 --> 00:35:36,423
Like, are those countries in a different situation than

874
00:35:37,703 --> 00:35:38,833
the other African countries?

875
00:35:39,053 --> 00:35:42,823
Do you see Bitcoin adoption happening there first because they're more aware of

876
00:35:42,823 --> 00:35:45,263
the problem because of that French Frank

877
00:35:45,273 --> 00:35:45,823
bullshit?

878
00:35:46,018 --> 00:35:46,298
Well,

879
00:35:46,648 --> 00:35:49,768
yeah, they're in the same financial situation as those other countries,

880
00:35:49,818 --> 00:35:51,388
you know, the difference there

881
00:35:51,388 --> 00:35:51,908
is,

882
00:35:53,348 --> 00:35:57,108
uh, their leadership, you know, they actually had a situation where

883
00:35:57,108 --> 00:36:00,448
their leaders, you know, said, you know what, enough is enough.

884
00:36:00,608 --> 00:36:01,398
They broke out,

885
00:36:01,868 --> 00:36:05,128
they've managed to survive them until now, and they managed to get

886
00:36:05,128 --> 00:36:08,568
intelligence from another superpower, Russia and China in this case, and

887
00:36:08,568 --> 00:36:09,768
they're continuing to stay alive.

888
00:36:10,348 --> 00:36:11,018
But financially

889
00:36:11,018 --> 00:36:15,268
speaking, you know, they're still in the same situation as all

890
00:36:15,278 --> 00:36:16,878
these other countries in that.

891
00:36:17,573 --> 00:36:22,083
They're all sitting there and waiting and being like, Hey bro, when is this

892
00:36:22,093 --> 00:36:25,523
new global financial architecture you guys been talking about been ready?

893
00:36:25,523 --> 00:36:25,673
Huh?

894
00:36:26,418 --> 00:36:28,988
And they're looking at us and we're in crypto and being like, there's a bunch of

895
00:36:29,068 --> 00:36:33,248
scammers and dudes in wizard's hats and apparently these guys like meat, a lot.

896
00:36:33,708 --> 00:36:35,958
And they're like, nah man, this is not what we're waiting for,

897
00:36:35,958 --> 00:36:38,748
like, show us that this thing works for us.

898
00:36:39,628 --> 00:36:41,678
Show us that we can use this.

899
00:36:42,433 --> 00:36:44,843
To build corridors, just like the BRICS nations

900
00:36:44,903 --> 00:36:46,233
are building corridors, right?

901
00:36:46,419 --> 00:36:47,409
And that's what we have to do.

902
00:36:47,419 --> 00:36:50,329
We have to build a new global financial architecture that all

903
00:36:50,329 --> 00:36:51,429
these folks are waiting for.

904
00:36:51,429 --> 00:36:54,109
Now, great, you can self custody your Bitcoin just

905
00:36:54,109 --> 00:36:54,959
like you would with a Bitcoin.

906
00:36:54,989 --> 00:36:55,779
Great, that's nice.

907
00:36:57,799 --> 00:36:59,339
But all they want to do is trade.

908
00:36:59,869 --> 00:37:01,379
Trade is the main thing.

909
00:37:01,549 --> 00:37:03,229
That's what Bitcoin is really about.

910
00:37:03,229 --> 00:37:04,769
It's about making the money flow around.

911
00:37:04,889 --> 00:37:06,119
Satoshi Nakamoto knew that.

912
00:37:06,119 --> 00:37:06,539
That's why...

913
00:37:07,434 --> 00:37:11,434
The first version of Bitcoin Core, the very first version, had 11

914
00:37:11,434 --> 00:37:16,124
opcodes in there for marketplace functions, inventory, escrow.

915
00:37:16,694 --> 00:37:20,484
They were removed later because they were cluttering things up and Satoshi left, but

916
00:37:21,164 --> 00:37:23,484
of course, it's all about the marketplace.

917
00:37:23,534 --> 00:37:23,564
And

918
00:37:24,584 --> 00:37:26,214
money is worthless without trade.

919
00:37:26,954 --> 00:37:27,874
Exactly, that's what it's for.

920
00:37:27,894 --> 00:37:29,554
It's all about the trade, man.

921
00:37:29,784 --> 00:37:32,894
That's all it's about to exchange human value across time and space.

922
00:37:32,904 --> 00:37:34,014
So we need that marketplace.

923
00:37:34,454 --> 00:37:35,924
We have to build that marketplace.

924
00:37:35,924 --> 00:37:41,244
Now, a marketplace is cool, but when you really get deep into marketplaces,

925
00:37:41,244 --> 00:37:45,404
and I can say I have some authority there, you start to see that, uh,

926
00:37:47,244 --> 00:37:51,224
and the core services that are required to build a marketplace.

927
00:37:52,454 --> 00:37:57,611
are actually 99 of governance governance And that's that's why we

928
00:37:57,611 --> 00:38:01,574
call it civilization kit instead of market kit, because when, okay, you

929
00:38:01,574 --> 00:38:04,754
got your marketplace, which is just like an order book, like Craigslist,

930
00:38:05,344 --> 00:38:09,484
a payment with the condition, like all our debit cards have the escrow off

931
00:38:09,494 --> 00:38:11,864
hold, you know, and a wallet, right.

932
00:38:12,394 --> 00:38:14,754
And taking the, we already have the wallet part, you know, non

933
00:38:14,754 --> 00:38:15,974
custodial lightning wallets.

934
00:38:16,294 --> 00:38:16,784
That's great.

935
00:38:17,364 --> 00:38:22,714
The order book we're building on Nostr and the escrow we're building

936
00:38:22,714 --> 00:38:26,914
on Bitcoin, uh, uh, discrete law contracts and Bitcoin script, right?

937
00:38:26,914 --> 00:38:28,204
So we're building all this.

938
00:38:28,494 --> 00:38:29,034
That's nice.

939
00:38:29,034 --> 00:38:29,694
We're going to have that.

940
00:38:29,694 --> 00:38:32,964
And that's what every other marketplace system has.

941
00:38:33,134 --> 00:38:34,434
That's not enough, man.

942
00:38:35,214 --> 00:38:38,144
That's just like the basic basics of the basics.

943
00:38:38,664 --> 00:38:41,664
There's three other ancillary services that you need.

944
00:38:42,274 --> 00:38:44,774
In order to make it work, let's combine our water bottles

945
00:38:45,044 --> 00:38:46,304
for an epic presentation.

946
00:38:46,974 --> 00:38:47,604
All right, look at it.

947
00:38:47,654 --> 00:38:48,124
So here,

948
00:38:49,764 --> 00:38:51,024
three water bottles

949
00:38:51,734 --> 00:38:54,214
represent these three ancillary services, right?

950
00:38:54,974 --> 00:38:58,974
So the first thing you need is a reputation, right?

951
00:38:59,324 --> 00:39:00,794
And reputation for a lot of reasons.

952
00:39:00,804 --> 00:39:04,244
So people can know who to trust when they're doing a trade, like how much

953
00:39:04,254 --> 00:39:09,084
volume has this guy done with how many people, how important were they, you know,

954
00:39:09,324 --> 00:39:14,764
and also just to Keep the order book clean from spammers and basics like that, right?

955
00:39:14,774 --> 00:39:14,954
Need

956
00:39:14,954 --> 00:39:16,054
some form a reputation.

957
00:39:16,474 --> 00:39:16,684
Now,

958
00:39:16,684 --> 00:39:20,354
of course, the OPSEC people will be like, It should be anonymous.

959
00:39:21,384 --> 00:39:24,664
Your pub key should be the only identity you need.

960
00:39:24,664 --> 00:39:27,664
And of course, yes, it can be purely anonymous if you so choose.

961
00:39:28,304 --> 00:39:28,974
But guess what?

962
00:39:28,974 --> 00:39:31,454
In a peer to peer trade, sometimes you want to know who you're dealing with.

963
00:39:32,204 --> 00:39:36,174
If I'm going to let you, if I ask you to use your Swedish bank account

964
00:39:36,184 --> 00:39:39,584
to make a payment for me for Swedish cookies and whatnot, I hear they're

965
00:39:39,604 --> 00:39:41,624
really good, you don't want to know.

966
00:39:42,094 --> 00:39:43,204
Oh, who is this guy?

967
00:39:43,594 --> 00:39:44,084
Me.

968
00:39:44,374 --> 00:39:46,014
And who am I actually sending the money to?

969
00:39:46,044 --> 00:39:47,664
Is it really a Swedish cookie company?

970
00:39:48,054 --> 00:39:50,514
Or is it, you know, some dude selling weed, right?

971
00:39:50,514 --> 00:39:51,304
You want to ID

972
00:39:51,324 --> 00:39:53,564
me in case your bank gets back to you, right?

973
00:39:53,614 --> 00:39:55,054
You want to protect yourself.

974
00:39:55,604 --> 00:39:56,224
And that's fine.

975
00:39:56,234 --> 00:39:56,634
You should be able

976
00:39:56,634 --> 00:39:57,064
to do that.

977
00:39:57,064 --> 00:39:59,804
So you need some form of decentralized identity that is purely

978
00:39:59,804 --> 00:40:05,134
optional, because once you have that and reputation, you open up, you open up

979
00:40:05,134 --> 00:40:10,214
a huge avenue, which is give people in the global South their own credit score.

980
00:40:10,689 --> 00:40:12,819
So you're going to send out credit and lending services as well.

981
00:40:12,919 --> 00:40:16,229
So it's essential to keep the marketplace clean in order to keep

982
00:40:16,229 --> 00:40:20,469
the market, the trading safe and to extend out a credit score for people.

983
00:40:20,509 --> 00:40:23,349
So the reputation is needed and to do it right, we're using

984
00:40:23,349 --> 00:40:24,569
something called Web of Stakes.

985
00:40:24,599 --> 00:40:27,599
We'll actually be able to calculate a web of trust score for everyone

986
00:40:27,609 --> 00:40:29,379
without revealing their graph.

987
00:40:29,869 --> 00:40:31,609
Very mucho importante, right?

988
00:40:31,669 --> 00:40:33,529
This is actually pretty heavy stuff.

989
00:40:33,879 --> 00:40:34,569
So it's needed.

990
00:40:34,579 --> 00:40:35,819
So all your OPSEC people.

991
00:40:36,319 --> 00:40:36,769
Zip it.

992
00:40:39,989 --> 00:40:44,759
So the second thing you need is, uh, you need a stable unit of accounts, right?

993
00:40:44,889 --> 00:40:49,129
Because, you know, Bitcoin is great, uh, but during a trade,

994
00:40:49,129 --> 00:40:50,399
people prefer something stable.

995
00:40:50,429 --> 00:40:52,469
So they don't have to count, you know, the price of Bitcoin goes

996
00:40:52,479 --> 00:40:53,809
down 20 percent during a trade.

997
00:40:53,809 --> 00:40:55,159
I get 20 percent length, so when I...

998
00:40:55,449 --> 00:40:56,909
Bargain for I'm screwed.

999
00:40:58,559 --> 00:40:59,269
Don't want that.

1000
00:40:59,299 --> 00:41:01,389
So there should be some kind of stable e cash.

1001
00:41:01,809 --> 00:41:04,839
That is essentially the minting part, right?

1002
00:41:04,839 --> 00:41:07,769
Which only civilizations do, nation states do, right?

1003
00:41:07,809 --> 00:41:09,609
They mint their own money, right?

1004
00:41:09,609 --> 00:41:10,589
So you need something of that.

1005
00:41:10,589 --> 00:41:13,149
Of course, the e cash is backed up by actual

1006
00:41:13,179 --> 00:41:13,659
Bitcoin.

1007
00:41:14,169 --> 00:41:15,049
So I love Tether.

1008
00:41:15,149 --> 00:41:16,029
Tether is awesome.

1009
00:41:16,129 --> 00:41:17,199
It's a huge use case.

1010
00:41:17,909 --> 00:41:19,069
Uh, but you know, Uncle Sam

1011
00:41:19,069 --> 00:41:19,829
doesn't like Tether.

1012
00:41:19,859 --> 00:41:21,839
So we have to think defensively.

1013
00:41:22,019 --> 00:41:25,939
Right, so we need something, a stable unit account that is backed up by Bitcoin.

1014
00:41:26,059 --> 00:41:28,299
And RGB, which the Tether guys

1015
00:41:28,299 --> 00:41:30,419
are working on, seems to be very fruitful, uh,

1016
00:41:30,759 --> 00:41:30,979
technology.

1017
00:41:31,029 --> 00:41:32,859
So that'll also be within CIF Kit, right?

1018
00:41:33,369 --> 00:41:34,279
Mutual importante.

1019
00:41:34,319 --> 00:41:34,519
So, so

1020
00:41:34,519 --> 00:41:36,929
far we have the reputation and identity, right?

1021
00:41:36,959 --> 00:41:40,539
This is something, ID cards usually come from governments, right?

1022
00:41:41,069 --> 00:41:42,009
Passports, etc.

1023
00:41:42,349 --> 00:41:42,479
We

1024
00:41:42,479 --> 00:41:43,209
have the minting.

1025
00:41:43,379 --> 00:41:43,769
Right?

1026
00:41:43,889 --> 00:41:46,879
Another huge government, civilization grade service.

1027
00:41:47,509 --> 00:41:50,789
And the last one, number three, is also the hardest one, my good man.

1028
00:41:51,079 --> 00:41:52,129
It's real hard, actually.

1029
00:41:53,329 --> 00:41:56,859
And that is, uh, I'm gonna drink some of this Kool Aid right now.

1030
00:41:57,329 --> 00:41:57,759
Uh,

1031
00:42:01,629 --> 00:42:02,549
Decentralized Courts.

1032
00:42:03,849 --> 00:42:04,159
I am.

1033
00:42:04,279 --> 00:42:05,439
Decentralized Courts.

1034
00:42:06,239 --> 00:42:10,309
We need a way, in cases of financial disputes, and there

1035
00:42:10,309 --> 00:42:14,199
always is, there will be recourse.

1036
00:42:15,009 --> 00:42:19,039
So I built these, um, you know, a system of financial arbitrators,

1037
00:42:19,089 --> 00:42:19,889
but it was centralized.

1038
00:42:20,019 --> 00:42:21,169
It was people working for Ray.

1039
00:42:21,569 --> 00:42:25,769
That's why if someone loses their 50 gift card dispute, they'll come on Twitter

1040
00:42:25,769 --> 00:42:27,379
and they'll say, Ray, you scammed me.

1041
00:42:27,809 --> 00:42:29,899
You're in cahoots with the scammers, Ray.

1042
00:42:29,909 --> 00:42:32,579
I'm like, no, bro, I'm not.

1043
00:42:32,949 --> 00:42:35,679
But I can understand why they might think that way, because it's

1044
00:42:35,679 --> 00:42:37,249
not a decentralized court system.

1045
00:42:37,879 --> 00:42:42,726
What we need to have is a listing of all of these truth oracles, which is

1046
00:42:42,726 --> 00:42:46,079
essentially what one of these judges would be, right, they're a truth oracle.

1047
00:42:46,789 --> 00:42:51,829
And the system should randomly choose one that is best suited for you to, that

1048
00:42:51,829 --> 00:42:55,069
has experience, that has a reputation, that, you know, to be able to handle

1049
00:42:55,899 --> 00:42:59,589
your kind of trade, that speaks your language and the counterparty's language.

1050
00:43:00,184 --> 00:43:01,144
And they'll get a fee.

1051
00:43:01,934 --> 00:43:03,234
And there should be an appeals process

1052
00:43:03,234 --> 00:43:03,674
as well.

1053
00:43:03,974 --> 00:43:06,174
And that's one of the reasons why you also need the reputation

1054
00:43:06,194 --> 00:43:09,054
score for the judges as well.

1055
00:43:09,544 --> 00:43:14,204
So all these systems kind of work together, but without this, without

1056
00:43:14,204 --> 00:43:17,174
the decentralized court system, you'll never get true scale.

1057
00:43:17,204 --> 00:43:18,374
It is critically important.

1058
00:43:18,384 --> 00:43:22,074
Even if less than 1 percent of trades end up in dispute, that 1%,

1059
00:43:22,754 --> 00:43:26,384
you know, the whole thing throttled.

1060
00:43:26,394 --> 00:43:26,604
Did

1061
00:43:26,604 --> 00:43:28,094
you hear about a company called Disp?

1062
00:43:28,239 --> 00:43:28,639
Dispute.

1063
00:43:28,669 --> 00:43:29,649
io.

1064
00:43:29,749 --> 00:43:30,339
Yes.

1065
00:43:30,369 --> 00:43:30,689
Yes.

1066
00:43:30,739 --> 00:43:31,699
I have, you know, Dispute.

1067
00:43:31,699 --> 00:43:31,839
io.

1068
00:43:31,839 --> 00:43:32,149
A

1069
00:43:32,569 --> 00:43:33,589
very Rothbardian

1070
00:43:33,599 --> 00:43:34,939
way of, like, thinking

1071
00:43:34,939 --> 00:43:35,239
about.

1072
00:43:35,519 --> 00:43:36,009
Yeah.

1073
00:43:36,009 --> 00:43:36,189
Yeah.

1074
00:43:36,189 --> 00:43:37,919
He has a certain approach to doing it.

1075
00:43:37,919 --> 00:43:38,779
I need to dig in deeper.

1076
00:43:38,779 --> 00:43:38,849
I

1077
00:43:38,859 --> 00:43:40,109
think he's here actually.

1078
00:43:40,599 --> 00:43:40,999
Is he?

1079
00:43:41,029 --> 00:43:41,359
Okay.

1080
00:43:41,429 --> 00:43:41,869
I'm not sure.

1081
00:43:42,169 --> 00:43:43,319
I'm supposed to have a call with him.

1082
00:43:43,839 --> 00:43:45,389
But look, there's a company called Klarna.

1083
00:43:45,679 --> 00:43:46,379
A Swedish company.

1084
00:43:46,389 --> 00:43:46,589
Yeah.

1085
00:43:46,589 --> 00:43:47,009
Yeah.

1086
00:43:47,249 --> 00:43:49,329
They do disputes for e commerce.

1087
00:43:50,529 --> 00:43:54,279
Now we're talking about just starting an entire new dispute cottage industry

1088
00:43:54,279 --> 00:43:55,569
just for these peer to peer trades.

1089
00:43:56,209 --> 00:43:57,099
And the world will need it.

1090
00:43:57,099 --> 00:43:59,909
And the more peer to peer grows, and it will, the bigger

1091
00:43:59,909 --> 00:44:00,809
that industry is going to get.

1092
00:44:00,869 --> 00:44:05,889
So if you guys want to start a bunch of disputes moderation business

1093
00:44:06,739 --> 00:44:09,009
out of Sweden, you absolutely can.

1094
00:44:09,289 --> 00:44:11,809
You know, there'll be so much room for that.

1095
00:44:11,809 --> 00:44:12,709
And that's what you get.

1096
00:44:12,709 --> 00:44:14,389
You're getting now a truly decentralized

1097
00:44:14,399 --> 00:44:15,799
civilization because you've got.

1098
00:44:18,004 --> 00:44:23,104
This, you know, baked in reputation, credit score, ID, you've got,

1099
00:44:23,114 --> 00:44:25,214
you know, stable e cash backed

1100
00:44:25,214 --> 00:44:28,804
up by the realest, most honest money in the world.

1101
00:44:29,314 --> 00:44:30,284
And you have a global

1102
00:44:30,284 --> 00:44:33,464
decentralized court system for decentralized justice.

1103
00:44:34,204 --> 00:44:35,474
Like, who cares about DAOs?

1104
00:44:35,874 --> 00:44:39,074
What you need are decentralized autonomous courts.

1105
00:44:39,504 --> 00:44:41,354
You know, that's what we really need, right?

1106
00:44:41,734 --> 00:44:42,304
For justice.

1107
00:44:43,204 --> 00:44:44,894
And if you have all these things combined,

1108
00:44:44,904 --> 00:44:49,034
you can actually build a marketplace on them on that, that will scale, that

1109
00:44:49,034 --> 00:44:52,514
will scale to a billion or more people, and it'll actually give you everything

1110
00:44:52,514 --> 00:44:53,634
you need to have your own government.

1111
00:44:54,074 --> 00:44:54,844
Like, it really is.

1112
00:44:54,914 --> 00:44:57,034
99 percent of governance is about money.

1113
00:44:57,344 --> 00:44:57,514
Like,

1114
00:44:57,514 --> 00:44:58,824
who cares about the voting?

1115
00:44:59,284 --> 00:45:02,814
Who cares about the protests or the deeds

1116
00:45:02,814 --> 00:45:03,564
or whatever?

1117
00:45:03,564 --> 00:45:04,404
All that stuff is just...

1118
00:45:04,404 --> 00:45:07,924
Was it Rothschild quotes, like, uh, give me the control of the...

1119
00:45:08,099 --> 00:45:11,249
The country's monetarism and I care will not care about its

1120
00:45:11,249 --> 00:45:12,159
laws any longer.

1121
00:45:12,159 --> 00:45:15,139
And so exactly, he wanted to control precisely of the

1122
00:45:15,139 --> 00:45:17,039
volume of money in circulation.

1123
00:45:17,559 --> 00:45:21,049
And these things allow you to, they don't let anyone control the volume.

1124
00:45:21,069 --> 00:45:23,389
The volume just grows organically, right?

1125
00:45:23,559 --> 00:45:24,609
So it's all about this.

1126
00:45:24,639 --> 00:45:28,109
This is basically the kernel of civilization in code.

1127
00:45:28,109 --> 00:45:30,449
Like these are the elements I just outlined for you.

1128
00:45:30,864 --> 00:45:31,444
This is it.

1129
00:45:31,534 --> 00:45:32,194
I've thought about

1130
00:45:32,194 --> 00:45:34,364
this for years and this is what's

1131
00:45:34,364 --> 00:45:37,414
needed to make everything else on top of this, like whether you want

1132
00:45:37,414 --> 00:45:40,914
to build a money market system on top of it or a dex or whatever.

1133
00:45:41,304 --> 00:45:45,454
These are just silly things to help, you know, open up more products, more

1134
00:45:45,724 --> 00:45:46,834
opportunities for people.

1135
00:45:47,289 --> 00:45:48,189
This is the foundation.

1136
00:45:50,179 --> 00:45:50,729
Wonderful.

1137
00:45:50,729 --> 00:45:51,399
And okay.

1138
00:45:51,439 --> 00:45:56,569
So, so maybe a concrete question on this with the, with the SIV kit.

1139
00:45:56,839 --> 00:46:01,689
And, uh, I understand first of all, why that you're, whenever you mentioned

1140
00:46:01,689 --> 00:46:05,769
that this, the, uh, the peer to peer marketplace, that there was all the,

1141
00:46:05,789 --> 00:46:11,759
the drama and all that, um, don't need, don't need to go into that here.

1142
00:46:11,779 --> 00:46:16,269
But, but the question is, since that's no longer something that you're.

1143
00:46:16,769 --> 00:46:18,569
Working on or with, or whatnot?

1144
00:46:18,919 --> 00:46:20,839
What's, what I, what is the Civ kit?

1145
00:46:21,049 --> 00:46:26,059
Uh, uh, first of all, a little bit, TLDR, just in terms of, to, we,

1146
00:46:26,059 --> 00:46:29,179
we've been talking about it, but just to introduce it, but, but then

1147
00:46:29,389 --> 00:46:32,209
where do you see that going forward?

1148
00:46:32,989 --> 00:46:33,349
Yeah, so

1149
00:46:33,349 --> 00:46:35,779
Civ Kit is just a protocol, just like Bitcoin, right?

1150
00:46:35,779 --> 00:46:36,589
It's not a business.

1151
00:46:36,589 --> 00:46:37,549
There's no foundation.

1152
00:46:37,549 --> 00:46:37,999
There's no.

1153
00:46:39,969 --> 00:46:43,019
The protocol doesn't have any way to earn money, right,

1154
00:46:43,069 --> 00:46:43,569
and

1155
00:46:43,819 --> 00:46:45,929
it's open source for life,

1156
00:46:46,859 --> 00:46:47,699
right, and it's built,

1157
00:46:48,239 --> 00:46:53,609
CivKit is built on Bitcoin, clearly, it's built on Nostr, and it's

1158
00:46:53,609 --> 00:46:56,509
built on Tor, and there'll be other technologies coming there, but those

1159
00:46:56,539 --> 00:46:58,699
three are the only truly decentralized technologies.

1160
00:46:59,079 --> 00:47:03,219
Private, uh, technologies that we have right now, and that's, they're

1161
00:47:03,219 --> 00:47:04,789
going to be the entire CivKit stack.

1162
00:47:04,789 --> 00:47:06,179
So it'd be things like that, right?

1163
00:47:06,849 --> 00:47:07,259
So

1164
00:47:07,349 --> 00:47:09,029
CivKit is just a protocol.

1165
00:47:09,959 --> 00:47:13,849
If you want to start your own marketplace, you want to start Knut

1166
00:47:13,879 --> 00:47:16,149
Marketplace or Swede Marketplace, right?

1167
00:47:16,149 --> 00:47:20,339
Like whatever you want to call it, you can, I will set it up such that, you

1168
00:47:20,339 --> 00:47:22,319
know, we'll have like a big, a civkit.

1169
00:47:22,519 --> 00:47:23,369
org is like wordpress.

1170
00:47:23,589 --> 00:47:25,049
org, and then there'll be, let's say civkit.

1171
00:47:25,509 --> 00:47:26,629
com or whatever you call it.

1172
00:47:27,429 --> 00:47:32,059
Where, where you'll be able to, you know, go on, type in, I

1173
00:47:32,059 --> 00:47:33,389
want to start Swede Marketplace.

1174
00:47:33,519 --> 00:47:34,189
Okay, great.

1175
00:47:34,799 --> 00:47:35,559
You know, send some

1176
00:47:35,559 --> 00:47:37,269
sats and we'll set up your

1177
00:47:38,149 --> 00:47:40,149
CivKit node for you on DigitalOcean.

1178
00:47:40,169 --> 00:47:43,499
You pay DigitalOcean, you know, with that money, right?

1179
00:47:43,529 --> 00:47:44,139
And that's it.

1180
00:47:44,299 --> 00:47:45,059
You set it up.

1181
00:47:45,764 --> 00:47:47,014
You put in the variables.

1182
00:47:47,014 --> 00:47:48,654
I want my escrow fee to be this.

1183
00:47:48,694 --> 00:47:51,474
I want, you know, these payment methods supported, these

1184
00:47:51,474 --> 00:47:52,934
currencies supported, et cetera.

1185
00:47:52,934 --> 00:47:55,284
I want to sell these kinds of products and boom, you've got your

1186
00:47:55,284 --> 00:47:59,014
marketplace and we're going to, we're going to give away the front

1187
00:47:59,014 --> 00:48:01,064
end code as a progressive web app

1188
00:48:01,444 --> 00:48:04,074
where it'll just be a Nostr relay browser, right?

1189
00:48:04,074 --> 00:48:06,524
Where people can go on there real easy, search

1190
00:48:06,634 --> 00:48:07,474
the marketplaces.

1191
00:48:07,514 --> 00:48:09,704
Every single tweet marketplace will be there.

1192
00:48:10,039 --> 00:48:15,079
Feds Marketplace, Egyptian Marketplace, Limey Marketplace, all these marketplaces

1193
00:48:15,079 --> 00:48:18,479
in the world will be there and you can browse each one of them or you can do

1194
00:48:18,479 --> 00:48:22,549
a search and browse the entire global order book and everything will be there.

1195
00:48:22,979 --> 00:48:25,279
People will be of course, the killer app is OTC.

1196
00:48:25,989 --> 00:48:26,969
Because that's the biggest pain

1197
00:48:26,969 --> 00:48:27,649
point, right?

1198
00:48:27,659 --> 00:48:30,299
That's where it's hard to find any kind of services like that.

1199
00:48:30,769 --> 00:48:31,719
But people, if they so

1200
00:48:31,719 --> 00:48:32,289
choose, they can

1201
00:48:32,289 --> 00:48:34,879
sell shoes or diapers or whatever they want in there,

1202
00:48:34,889 --> 00:48:36,489
and no one can stop them, right?

1203
00:48:36,999 --> 00:48:38,389
But the primary use case will be OTC,

1204
00:48:38,649 --> 00:48:41,269
and if you start Sweden Marketplace, you will earn money.

1205
00:48:41,899 --> 00:48:42,129
Off

1206
00:48:42,179 --> 00:48:45,119
every single trade that people are doing in your marketplace,

1207
00:48:45,669 --> 00:48:47,319
you will earn money as sats.

1208
00:48:47,579 --> 00:48:50,309
So you are incentivized to run a CivKit node.

1209
00:48:52,239 --> 00:48:52,699
And that's how

1210
00:48:52,699 --> 00:48:53,259
it will work.

1211
00:48:53,789 --> 00:48:55,239
So how is the project funded?

1212
00:48:55,249 --> 00:48:56,869
Like how does CivKit make

1213
00:48:56,869 --> 00:48:57,109
money?

1214
00:48:57,139 --> 00:48:57,929
It doesn't.

1215
00:48:57,999 --> 00:48:58,919
It doesn't.

1216
00:48:58,959 --> 00:48:59,409
And that's by

1217
00:48:59,409 --> 00:48:59,849
design.

1218
00:48:59,849 --> 00:49:01,449
Yeah, I'm funding it myself.

1219
00:49:01,499 --> 00:49:04,269
Me and my, you know, Nick Gregory, we're all funding it ourselves.

1220
00:49:04,869 --> 00:49:08,269
Um, and that's, it's, uh, it's not a way for me to make money.

1221
00:49:09,264 --> 00:49:11,514
It's a way for everyone to make a lot

1222
00:49:11,514 --> 00:49:13,184
of money that cannot be stopped.

1223
00:49:13,184 --> 00:49:14,464
And if I'm smart and a good

1224
00:49:14,464 --> 00:49:15,864
business entrepreneur, I'm going to build

1225
00:49:16,034 --> 00:49:17,534
successful applications on top of

1226
00:49:17,534 --> 00:49:17,674
it.

1227
00:49:18,294 --> 00:49:19,504
And I am, I

1228
00:49:19,534 --> 00:49:20,464
absolutely will.

1229
00:49:20,724 --> 00:49:23,214
And I will make money off of those and I can't be

1230
00:49:23,264 --> 00:49:23,664
stopped.

1231
00:49:23,684 --> 00:49:25,434
And we're all going to share liquidity with everyone.

1232
00:49:26,214 --> 00:49:26,824
Noones.

1233
00:49:26,824 --> 00:49:29,294
com, which is another great peer to peer startup.

1234
00:49:29,294 --> 00:49:34,064
It'll be, uh, you know, HODL, HODL, BISC, uh, Bitfinex has their own peer to peer.

1235
00:49:34,564 --> 00:49:36,764
I would like to talk to all of them and say, Hey, mirror

1236
00:49:36,764 --> 00:49:38,534
your liquidity on Sivkit, man.

1237
00:49:38,534 --> 00:49:39,714
I'll start up a note for you.

1238
00:49:39,714 --> 00:49:40,864
Mirror your liquidity on there.

1239
00:49:41,424 --> 00:49:44,764
You'll make more money because there'll be people coming in from all over that will

1240
00:49:44,774 --> 00:49:46,884
trade with these vendors on your platform.

1241
00:49:47,334 --> 00:49:48,444
And you will start earning

1242
00:49:48,444 --> 00:49:51,354
some off some of them because you don't custody any of their funds.

1243
00:49:51,919 --> 00:49:52,809
And it's anonymous.

1244
00:49:53,069 --> 00:49:53,589
Well,

1245
00:49:54,079 --> 00:49:55,519
you have no compliance overhead,

1246
00:49:55,529 --> 00:49:55,879
bro.

1247
00:49:56,319 --> 00:49:59,319
We just brought you all this new business, right?

1248
00:49:59,319 --> 00:50:00,789
And we're all sharing the liquidity.

1249
00:50:01,309 --> 00:50:04,349
And we don't have any of this compliance or custody overhead.

1250
00:50:05,129 --> 00:50:06,219
Who's gonna hate me, man?

1251
00:50:06,639 --> 00:50:09,489
NCOB technology, you could call it that.

1252
00:50:10,159 --> 00:50:11,739
No compliance overhead, bro.

1253
00:50:12,339 --> 00:50:12,419
That's right.

1254
00:50:17,779 --> 00:50:20,869
Man, yeah, look, I mean, I, I do believe, you know, innovation

1255
00:50:20,869 --> 00:50:22,139
friendly regulation definitely

1256
00:50:22,149 --> 00:50:23,749
has a place, you

1257
00:50:23,749 --> 00:50:26,559
know, I'm, I'm, I was like the first guy to go to the Nigerian

1258
00:50:26,559 --> 00:50:30,349
government, like, hey, what's up, welcome from high, we're high, we're

1259
00:50:30,349 --> 00:50:33,029
Bitcoin people, let's work together.

1260
00:50:33,029 --> 00:50:34,999
And they looked, they looked at me and they were like, so happy,

1261
00:50:35,009 --> 00:50:37,949
they're like, you're the first people that ever came to us.

1262
00:50:43,414 --> 00:50:43,804
So look,

1263
00:50:44,344 --> 00:50:48,424
I'm confident that we can, uh, work with governments and we can come

1264
00:50:48,424 --> 00:50:51,154
out with maybe something simple, like a peer to peer license.

1265
00:50:52,064 --> 00:50:54,184
If you were like a Hawala license, basically it's Hawala,

1266
00:50:54,214 --> 00:50:55,214
you guys heard of Hawala?

1267
00:50:55,744 --> 00:50:56,664
Imagine we have like...

1268
00:50:56,664 --> 00:50:58,644
And can you explain the concept?

1269
00:50:59,049 --> 00:51:01,949
Yeah, Hawala is just Arabic for money transfer.

1270
00:51:02,329 --> 00:51:05,489
It's a system that started a thousand years ago, and these Muslim traders got

1271
00:51:05,489 --> 00:51:07,499
around and said, Hey man, this Roman Empire,

1272
00:51:08,179 --> 00:51:10,349
they don't like third party payments, right?

1273
00:51:10,589 --> 00:51:13,569
They don't like, banks don't like it now either, where someone is helping

1274
00:51:13,569 --> 00:51:16,799
you transact with, across time or space because you're not there.

1275
00:51:18,089 --> 00:51:20,969
They say, Hey man, we need this third party payments if we're going to run these

1276
00:51:20,969 --> 00:51:24,359
multinational trading caravans, you know, and they're like, alright, let's do it.

1277
00:51:24,359 --> 00:51:26,059
And they create a system of peer to peer.

1278
00:51:26,354 --> 00:51:29,694
Where, you know, they didn't have a blockchain back then, but they had

1279
00:51:29,694 --> 00:51:32,824
their holy book, the Koran, which was like the first immutable ledger,

1280
00:51:32,854 --> 00:51:34,224
unchanged, so they trusted each

1281
00:51:34,224 --> 00:51:35,914
other to settle between each other.

1282
00:51:36,474 --> 00:51:39,334
And these Hawala agents would, like, for example, if I

1283
00:51:39,334 --> 00:51:44,284
wanted to send money to my pops in Egypt, but I don't have an Egyptian bank account.

1284
00:51:44,514 --> 00:51:45,574
Hawala Akbar.

1285
00:51:45,944 --> 00:51:46,294
That's it.

1286
00:51:47,454 --> 00:51:47,474
No.

1287
00:51:47,474 --> 00:51:47,774
Allahu

1288
00:51:49,544 --> 00:51:49,584
Akbar.

1289
00:51:49,584 --> 00:51:49,704
Yes.

1290
00:51:50,284 --> 00:51:50,794
Oh, hold up.

1291
00:51:50,934 --> 00:51:52,251
No, it's a different route, Abigail.

1292
00:51:52,251 --> 00:51:54,224
My Abigail's not good, but nice try.

1293
00:51:55,624 --> 00:51:58,894
So if I need to go, if I need some money to Egypt, I would, you know,

1294
00:51:58,924 --> 00:52:00,514
go to this guy on the corner.

1295
00:52:00,624 --> 00:52:02,654
He might've been running a hot dog stand.

1296
00:52:02,714 --> 00:52:02,774
I'm

1297
00:52:02,784 --> 00:52:05,564
like, yeah, he's got his little Washington Express sign.

1298
00:52:05,564 --> 00:52:06,824
I'm like, hey, what's Washington Express?

1299
00:52:06,944 --> 00:52:07,204
He's like,

1300
00:52:07,204 --> 00:52:07,504
oh.

1301
00:52:08,159 --> 00:52:13,179
My uncle Ahmed in Cairo, you know, and Bangladesh, my cousin, you know,

1302
00:52:13,649 --> 00:52:16,739
uh, Ishmael or whatever, you know, they can move money around there.

1303
00:52:16,759 --> 00:52:18,369
I'm like, Oh, so I give you a hundred bucks here.

1304
00:52:18,369 --> 00:52:19,709
You can send them my pops in cars.

1305
00:52:19,719 --> 00:52:20,409
Like, yeah, sure.

1306
00:52:20,449 --> 00:52:21,959
But my cousin over there will do it.

1307
00:52:22,019 --> 00:52:22,149
I'm

1308
00:52:22,149 --> 00:52:23,249
like, okay, that's how you do it.

1309
00:52:23,319 --> 00:52:23,939
That's Hawala.

1310
00:52:24,079 --> 00:52:24,519
That's it.

1311
00:52:25,339 --> 00:52:28,609
That guy and his cousin over in Cairo and Bangladesh or wherever.

1312
00:52:29,089 --> 00:52:30,139
They have a trust relationship

1313
00:52:30,619 --> 00:52:31,479
now with Bitcoin.

1314
00:52:31,489 --> 00:52:32,189
It's like a wallet 2.

1315
00:52:32,189 --> 00:52:35,429
0 was with these peer to peer marketplaces They can introduce

1316
00:52:35,469 --> 00:52:39,199
people to all of these cousins Around the world that you trust or

1317
00:52:39,199 --> 00:52:43,309
brothers or magical money friends or let you borrow like your princess

1318
00:52:43,759 --> 00:52:48,589
Yeah, but you borrow your bank account cash or whatever payment method and the

1319
00:52:48,589 --> 00:52:50,219
money is secure But they'll go first.

1320
00:52:50,219 --> 00:52:50,469
We'll give

1321
00:52:50,469 --> 00:52:53,469
them one effort was to see the crypto is there right the Bitcoin is there

1322
00:52:54,049 --> 00:52:55,279
So that's what a wall is

1323
00:52:55,666 --> 00:52:59,686
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1324
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1350
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1351
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1362
00:54:47,558 --> 00:54:48,628
I lost my train of thought.

1363
00:54:48,628 --> 00:54:49,828
what was the question

1364
00:54:49,838 --> 00:54:50,228
before that?

1365
00:54:50,528 --> 00:55:00,108
Well, the connection to CivKit and how this system is going to not only grow

1366
00:55:00,118 --> 00:55:05,178
with the technology, but what do you see this actually doing in the next few years?

1367
00:55:05,178 --> 00:55:08,818
Because you wouldn't have come up with it, I think, if you didn't see

1368
00:55:08,818 --> 00:55:11,148
this actually becoming adopted, right?

1369
00:55:12,278 --> 00:55:12,888
Yeah, so I was...

1370
00:55:15,098 --> 00:55:19,168
Running peer to peer marketplace myself every week, I get a couple of emails.

1371
00:55:19,228 --> 00:55:21,698
Hey, you guys offer white labels.

1372
00:55:21,738 --> 00:55:23,698
We want to have our own peer to peer marketplace.

1373
00:55:25,048 --> 00:55:26,338
Finally, CZ came to me.

1374
00:55:26,348 --> 00:55:28,318
He's like, yo, man, let's do a deal.

1375
00:55:29,098 --> 00:55:30,128
And we did a deal.

1376
00:55:30,128 --> 00:55:31,958
We use one of our products, but really they were just there

1377
00:55:31,968 --> 00:55:32,748
to copy our whole marketplace.

1378
00:55:33,268 --> 00:55:33,778
And he did,

1379
00:55:33,828 --> 00:55:34,548
which was fine.

1380
00:55:34,558 --> 00:55:35,388
Business is business.

1381
00:55:35,918 --> 00:55:38,018
But instead of CZ stealing my idea,

1382
00:55:38,038 --> 00:55:40,418
why doesn't everyone steal my idea?

1383
00:55:40,448 --> 00:55:41,198
How about that?

1384
00:55:41,368 --> 00:55:42,038
And I helped them.

1385
00:55:42,633 --> 00:55:43,343
It's still my idea.

1386
00:55:43,443 --> 00:55:44,503
It's not really my idea.

1387
00:55:44,573 --> 00:55:45,993
Local bitcoins did it first.

1388
00:55:45,993 --> 00:55:46,403
I stole it from them.

1389
00:55:47,143 --> 00:55:49,223
So let's open up the floodgates, man.

1390
00:55:49,713 --> 00:55:52,373
Let's let everyone have their own peer to peer model.

1391
00:55:52,373 --> 00:55:56,333
Even like little communities, if a whole nation state wants to get

1392
00:55:56,333 --> 00:55:57,463
on, it should be able to work.

1393
00:55:57,463 --> 00:55:59,653
You want to get on the bitcoin standard for real and not just

1394
00:55:59,683 --> 00:56:01,243
the wallet, the whole shebang?

1395
00:56:02,023 --> 00:56:02,873
Get on CivKit.

1396
00:56:02,903 --> 00:56:04,513
It's a civilization toolkit for

1397
00:56:04,523 --> 00:56:05,233
like a reason.

1398
00:56:05,233 --> 00:56:06,763
That name is not a mistake.

1399
00:56:07,413 --> 00:56:09,763
Because what we're living in right now is not civilization.

1400
00:56:09,853 --> 00:56:11,213
It is literally just a little...

1401
00:56:12,113 --> 00:56:17,613
System of pressure chambers that are gauged and controlled with a certain

1402
00:56:17,613 --> 00:56:21,263
gradient by some evil wizard with a switchboard dashboard of evil.

1403
00:56:21,263 --> 00:56:23,113
And we're just tired of it, man.

1404
00:56:23,133 --> 00:56:24,473
We're just tired of being poor.

1405
00:56:24,803 --> 00:56:25,973
We're tired of living.

1406
00:56:26,363 --> 00:56:26,683
You know, we're

1407
00:56:26,683 --> 00:56:29,933
not like, there's a type one civilization, type two, type three.

1408
00:56:29,943 --> 00:56:31,323
We're not, we're nowhere even near type

1409
00:56:31,323 --> 00:56:31,668
one.

1410
00:56:32,388 --> 00:56:34,978
We're like a type 0.

1411
00:56:34,978 --> 00:56:35,598
00 1, as it

1412
00:56:36,028 --> 00:56:39,268
gets better, we should be far, far ahead.

1413
00:56:39,278 --> 00:56:39,818
We should have had

1414
00:56:39,818 --> 00:56:43,768
flying cars by the fifties, man, let's be honest, and I'm sick and tired

1415
00:56:44,018 --> 00:56:47,618
of living in the ghetto, you know, like we can do a hell of a lot better.

1416
00:56:48,613 --> 00:56:49,653
And that's all CivKit is.

1417
00:56:49,673 --> 00:56:50,093
People have been

1418
00:56:50,103 --> 00:56:50,963
asking me for this.

1419
00:56:51,383 --> 00:56:52,893
I see a tremendous need for this.

1420
00:56:53,413 --> 00:56:55,133
My head is not up in the clouds.

1421
00:56:55,363 --> 00:56:57,013
It's on my feet or on the ground.

1422
00:56:57,063 --> 00:56:58,313
You know, I've been in the global South.

1423
00:56:58,313 --> 00:56:59,443
I see what people are doing.

1424
00:56:59,503 --> 00:57:00,643
I see the problems that they have.

1425
00:57:00,953 --> 00:57:03,713
So hey, I didn't see anyone else delivering this to them.

1426
00:57:03,973 --> 00:57:07,563
You know, it's like most CEOs are too afraid to talk to their customers.

1427
00:57:07,883 --> 00:57:10,063
They're almost having apathy or they're scared.

1428
00:57:10,713 --> 00:57:12,653
I love these people and they love me.

1429
00:57:13,043 --> 00:57:14,803
So I'm going to give them exactly what they need.

1430
00:57:14,803 --> 00:57:15,173
And that's what

1431
00:57:15,253 --> 00:57:15,803
CivKit is.

1432
00:57:17,463 --> 00:57:18,233
Fantastic.

1433
00:57:18,973 --> 00:57:21,783
Building type 2 civilizations from scratch.

1434
00:57:21,813 --> 00:57:22,093
Like,

1435
00:57:22,493 --> 00:57:22,943
exactly.

1436
00:57:23,173 --> 00:57:23,613
Fantastic.

1437
00:57:23,613 --> 00:57:23,883
Yeah.

1438
00:57:23,883 --> 00:57:25,053
Let's get a type 1 first.

1439
00:57:26,523 --> 00:57:26,963
Type 1.

1440
00:57:26,963 --> 00:57:27,783
I always mix those

1441
00:57:29,033 --> 00:57:29,053
up.

1442
00:57:29,053 --> 00:57:31,293
We should be like, we're not even at type

1443
00:57:31,373 --> 00:57:31,923
0,

1444
00:57:31,923 --> 00:57:32,013
man.

1445
00:57:32,013 --> 00:57:32,423
Come on.

1446
00:57:32,473 --> 00:57:36,323
But even a type 2 civilization starts on earth and stops

1447
00:57:36,323 --> 00:57:37,053
with somewhere around Uranus.

1448
00:57:42,008 --> 00:57:42,938
It's all about humans.

1449
00:57:42,968 --> 00:57:43,998
That's what I'm trying to say.

1450
00:57:45,298 --> 00:57:45,988
It really is.

1451
00:57:45,988 --> 00:57:50,628
And, um, and I don't want to go too deep down the rabbit hole here, but, you know,

1452
00:57:50,898 --> 00:57:52,508
I'm only concerned about this world.

1453
00:57:52,888 --> 00:57:56,708
I don't care about the moon or Mars or Saturn or Uranus or whatever.

1454
00:57:56,708 --> 00:57:57,218
Forget them.

1455
00:57:57,248 --> 00:57:57,868
Even Mars

1456
00:57:57,898 --> 00:58:00,508
is outside of the hash horizon, so we couldn't sync the

1457
00:58:00,508 --> 00:58:02,268
Bitcoin blockchain on Mars.

1458
00:58:02,768 --> 00:58:03,428
That's a whole different

1459
00:58:03,438 --> 00:58:03,988
discussion.

1460
00:58:04,728 --> 00:58:04,888
I'm

1461
00:58:05,118 --> 00:58:06,863
concerned with right here on Earth.

1462
00:58:07,293 --> 00:58:08,173
Get that right.

1463
00:58:08,173 --> 00:58:09,113
And that's it.

1464
00:58:09,803 --> 00:58:12,123
That's all any human should be concerned about.

1465
00:58:12,123 --> 00:58:14,933
Do not be losing your head in the stars or any of this.

1466
00:58:15,353 --> 00:58:16,613
Let's get it right over here.

1467
00:58:17,113 --> 00:58:17,723
Trust me.

1468
00:58:17,913 --> 00:58:19,163
That's going to be hard enough, man.

1469
00:58:19,193 --> 00:58:20,823
We're fighting for the whole universe here, guys.

1470
00:58:20,823 --> 00:58:22,983
We're in the final round here.

1471
00:58:23,443 --> 00:58:24,583
And by final round, I mean,

1472
00:58:24,583 --> 00:58:26,333
we're living through a very special time right now,

1473
00:58:26,333 --> 00:58:26,633
right?

1474
00:58:27,033 --> 00:58:30,183
We're essentially in the, what you're going to do about it

1475
00:58:30,183 --> 00:58:32,063
phase was the face of evil.

1476
00:58:32,063 --> 00:58:33,813
It's just like the mass has just dropped.

1477
00:58:33,813 --> 00:58:35,343
And you're like, Hey, what are you going to do about it?

1478
00:58:35,883 --> 00:58:38,073
They're challenging our humanity right now.

1479
00:58:38,293 --> 00:58:39,423
What are you going to do about it?

1480
00:58:39,433 --> 00:58:40,703
We can do whatever we want.

1481
00:58:40,703 --> 00:58:41,513
What are you going to do?

1482
00:58:41,793 --> 00:58:45,133
Because they want to create a matrix of control where escape is not just

1483
00:58:45,193 --> 00:58:48,463
impossible, but unthinkable because they've got it on the money side.

1484
00:58:48,743 --> 00:58:50,633
They have the full information side of control.

1485
00:58:52,083 --> 00:58:52,443
Yeah.

1486
00:58:52,503 --> 00:58:53,503
Taken to the maximum.

1487
00:58:55,833 --> 00:58:56,283
Exactly.

1488
00:58:57,203 --> 00:58:58,093
They're not going to get it.

1489
00:58:58,183 --> 00:58:59,413
Constant boot to the face.

1490
00:58:59,623 --> 00:59:00,263
That's, that's,

1491
00:59:00,423 --> 00:59:01,543
that's the alternative.

1492
00:59:01,833 --> 00:59:02,183
Yeah.

1493
00:59:02,223 --> 00:59:05,023
So we either win or we die because I don't want to live in a world

1494
00:59:05,023 --> 00:59:05,463
like that.

1495
00:59:05,503 --> 00:59:05,733
I don't

1496
00:59:05,733 --> 00:59:07,213
want to raise children in a world like that.

1497
00:59:07,243 --> 00:59:08,303
So the urgency is on.

1498
00:59:08,313 --> 00:59:10,073
We don't have more than six and a half years.

1499
00:59:10,543 --> 00:59:12,503
They're talking about 2030 real hard.

1500
00:59:12,903 --> 00:59:14,283
And you guys have seen for the past

1501
00:59:15,593 --> 00:59:20,943
three years, since 2020, there's been four different psyops.

1502
00:59:21,293 --> 00:59:23,013
Global in scope 4.

1503
00:59:23,453 --> 00:59:27,693
The rate is increasing, like, up to 2030 it's going to become, hey, every three

1504
00:59:27,693 --> 00:59:31,093
months there's going to be a new SIAB, and every month, every week, they are

1505
00:59:31,093 --> 00:59:35,433
not stopping, and they have had 2, 000 years to plan all this.

1506
00:59:35,903 --> 00:59:36,483
And it becomes

1507
00:59:36,483 --> 00:59:40,723
a virtue signaling mechanism to follow the new rules that they impose

1508
00:59:40,783 --> 00:59:41,343
on people.

1509
00:59:41,618 --> 00:59:41,928
They have

1510
00:59:41,938 --> 00:59:47,478
programmed, uh, compliance into the minds of almost

1511
00:59:47,478 --> 00:59:47,818
everyone.

1512
00:59:47,828 --> 00:59:49,658
That's why it's a zombie apocalypse.

1513
00:59:49,718 --> 00:59:50,448
That's what it is.

1514
00:59:50,458 --> 00:59:51,888
Like these people are like, Oh, a new thing.

1515
00:59:51,908 --> 00:59:56,358
It's sad to see, you know, but honestly, we don't

1516
00:59:56,368 --> 01:00:00,358
need 95 percent of the population to be with us to win this

1517
01:00:00,388 --> 01:00:00,688
thing.

1518
01:00:01,248 --> 01:00:03,658
Even just a dedicated and determined 3 percent of the

1519
01:00:03,658 --> 01:00:05,138
population can win this thing.

1520
01:00:06,048 --> 01:00:06,828
No, absolutely.

1521
01:00:06,858 --> 01:00:07,128
Yeah.

1522
01:00:07,128 --> 01:00:08,598
No, that's the power of the human spirit.

1523
01:00:08,608 --> 01:00:09,658
It's not about the numbers.

1524
01:00:09,788 --> 01:00:10,498
It's about the will.

1525
01:00:10,578 --> 01:00:11,508
You're not willing.

1526
01:00:11,933 --> 01:00:14,803
To do what the other guy is NOT to win.

1527
01:00:14,883 --> 01:00:18,303
Doesn't matter if he's bigger, faster, stronger, has more money, whatever.

1528
01:00:18,713 --> 01:00:19,383
Trust me.

1529
01:00:19,753 --> 01:00:22,393
If you're in a fight, if you've been in enough fights, you realize that.

1530
01:00:23,083 --> 01:00:24,383
And we're in a fight now, believe me.

1531
01:00:26,333 --> 01:00:31,353
So you, you said, uh, with all this in mind, that you've got

1532
01:00:31,353 --> 01:00:32,763
your feet firmly on the ground.

1533
01:00:33,813 --> 01:00:37,323
Is there a head in the clouds to this where you have some optimism?

1534
01:00:37,783 --> 01:00:37,943
Oh,

1535
01:00:37,943 --> 01:00:38,543
absolutely.

1536
01:00:39,273 --> 01:00:42,143
Look, I know what the prophecies are.

1537
01:00:42,183 --> 01:00:45,103
I used to be an atheist, but then I began to see that the people that

1538
01:00:45,103 --> 01:00:48,828
actually run the world I do believe in this crazy comic book nonsense, and

1539
01:00:48,828 --> 01:00:50,288
I began looking for spiritual depth.

1540
01:00:50,358 --> 01:00:52,798
Look, we're going to win, the good guys are going to win,

1541
01:00:52,878 --> 01:00:53,858
we're absolutely going to win.

1542
01:00:53,858 --> 01:00:56,678
There's a lot of confidence from knowing you're going to win.

1543
01:00:57,378 --> 01:01:01,148
It's a little scary right now, because we're all looking for that path, right?

1544
01:01:01,198 --> 01:01:02,348
Like, how are we going to get to the win?

1545
01:01:02,368 --> 01:01:07,588
These guys control all these nuclear weapons, all these big boats, and arrows

1546
01:01:07,628 --> 01:01:10,398
of fire, and warplanes, and oh my god.

1547
01:01:11,368 --> 01:01:14,218
There is a path, you know, and the path is through the money.

1548
01:01:14,218 --> 01:01:18,738
We have to take the pillar of power that these guys took first, focus

1549
01:01:18,788 --> 01:01:23,238
everything on that, focus all of our energy on the global South because

1550
01:01:23,238 --> 01:01:27,228
they're ready to move and man, the opportunities will present itself.

1551
01:01:27,258 --> 01:01:30,958
It's like driving from New York to Los Angeles, right?

1552
01:01:31,548 --> 01:01:34,028
You can't see the 3000 miles ahead of you.

1553
01:01:34,118 --> 01:01:36,668
You're only seeing 10 meters ahead of you with those headlights.

1554
01:01:37,258 --> 01:01:39,598
But that's enough with the faith that you're going to get

1555
01:01:39,598 --> 01:01:40,928
there to actually get there.

1556
01:01:41,218 --> 01:01:42,578
So we just have to keep going.

1557
01:01:43,308 --> 01:01:44,578
It's all about the struggle.

1558
01:01:44,608 --> 01:01:45,818
This world is a test.

1559
01:01:46,158 --> 01:01:49,888
If it wasn't hard, it wouldn't be fun, and it wouldn't be worthy of heaven.

1560
01:01:50,018 --> 01:01:54,038
So enjoy the test and aim for heaven number seven, seventh

1561
01:01:54,038 --> 01:01:55,198
heaven, that's the spot.

1562
01:01:55,838 --> 01:01:56,478
That's my home.

1563
01:01:56,698 --> 01:01:57,068
That's this.

1564
01:02:00,848 --> 01:02:01,198
I

1565
01:02:01,248 --> 01:02:03,558
think that's a great spot to wrap this up on.

1566
01:02:04,108 --> 01:02:07,578
I'd say, uh, as we say here, as we were talking about with Izzy,

1567
01:02:07,588 --> 01:02:11,088
like all you need to do is focus on the orange glowing light.

1568
01:02:11,498 --> 01:02:14,858
And you are certainly a ray of orange glowing light, Ray, so

1569
01:02:14,968 --> 01:02:16,268
thank you very much for doing this.

1570
01:02:16,278 --> 01:02:16,838
Thank you, brother.

1571
01:02:17,148 --> 01:02:18,688
Let's go back to the conference and have

1572
01:02:18,688 --> 01:02:19,168
some lunch.

1573
01:02:20,028 --> 01:02:20,718
Yes, sir.

1574
01:02:20,718 --> 01:02:21,198
Thanks a lot.

1575
01:02:21,258 --> 01:02:22,458
This has been the Freedom Footprint Show.

1576
01:02:22,738 --> 01:02:23,338
Soft ending.

1577
01:02:23,478 --> 01:02:24,038
Yes, sir.

1578
01:02:24,098 --> 01:02:24,448
Cheers.

1579
01:02:24,458 --> 01:02:24,938
Thanks a lot.

1580
01:02:25,348 --> 01:02:25,538
Yep.

1581
01:02:25,788 --> 01:02:26,228
Appreciate it.