LETS TALK BITCOIN

Episode 111 Building Cathedrals with Cody Wilson & Amir

Taaki
Participants:
Adam B. Levine (ABL) Host
Cody Wilson (CW) Cy!to"ana#$ist and %o&nde o% 'e%ense 'isti(&ted
Ami Taa)i (AT) " Coe Bit#oin develo!e* #eato o% Li((it#oin* #oe #olla(oato at 'a)
Wallet + Coin,oin
Today is -ay ./
t$
./01 and t$is is E!isode 000.
This program is intended or inormational and educational purposes only!
Cryptocurrency is a new ield o study! Consult your local uturist" lawyer and
in#estment ad#isor $eore making any decisions whatsoe#er or yoursel!
A%: Wel#ome to Lets Tal) Bit#oin* a t2i#e 2ee)ly s$o2 a(o&t t$e ideas* !eo!le and !o3e#ts
(&ildin4 t$e di4ital e#onomy and t$e %&t&e o% money. -y name is Adam B. Levine and
todays e!isode is a little di%%eent. E!isode 000 o% Lets Tal) Bit#oin is all a(o&t Ami Taa)i
and t$e movement o% t$o&4$t t$at $e em(odies.
We stat todays s$o2 2it$ Cody Wilson* a !o&d ana#$ist in $is o2n i4$t 2$o* ove
t$e last yea* $as s!ent moe and moe time 2it$ Ami. At Bit#oin E5!o Toonto*
Cody 4ave a 2ide an4in4 tal) #alled 6Li4$t and 'a) t$at !ovides $is !es!e#tive. I
dont )no2 Cody !esonally (&t $is demeano sti)es me as t$at o% an ant$o!olo4ist
2$os dis#oveed a $idden #&lt&e t$at $as its o2n noms and it&als and sim!ly
de#ided t$at $e li)es t$at (ette and neve 4one (a#)
T$en* I sat do2n 2it$ Ami %o an intimate #$at a(o&t dis#ovein4 li%es meanin4*
a(o&t t$e $ono and d&ty o% $avin4 t$e s)ills to !e%om 4ood 2o) at a time 2$en its
needed and moe
T$an)s to Bave t$e Wold and CanA2aeness %o t$ese e#odin4s and t$e Bit#oin Allian#e
o% Canada %o !&ttin4 on t$e event. En3oy t$e s$o27 809.:;
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
Cody Wilson at Bitcoin E&po" Toronto April '(1)
(=> note9 T$is #ontent is nealy entiely ina&di(le in t$e LTB e!isode. Oddly* it?s a %ai (it
(ette 8(&t still @%&AAyB; in t$e Co&t&(e video " $tt!s9DD222.yo&t&(e.#omD2at#$E
vFlGm=W)LHI0J )
Chair: ...#y!toana#$ist and t$e %o&nde and die#to o% 'e%ense 'isti(&ted* t$e non"!o%it
di4ital !&(lis$e (e$ind t$e in%amo&s :' !inted 4&n* Bit#oin 'a)2allet. Cody 2as e#ently
listed* in%oms t$e Ho(es :/ &nde :/* as t$e %a#e o% !inta(le %ieams and 2as named (y
Wied as one o% t$e %i%teen most dan4eo&s !eo!le in t$e 2old. (La&4$te) (A!!la&se) ,&d4e
$is mainsteam e!&tation %o yo&sel%. As yo&ll see Codys motives ae !ositive. Wit$ 4eat
moal #$aa#te and detemination* $is 2o) is es!e#ted as $avin4 4eat !ositive in%l&en#e in
a most dis&!tive and #ontovesial s!a#e. T$an)s Cody. 8.9/J;
CW: (A!!la&se) Im eally 4lad* (y t$e 2ay* t$is isnt li)e a t$o&sand !eo!le. We #an $ave
somet$in4 moe #onvesational* yea$E I $ave some K&i#) notes. I t$e2 o&t eveyt$in4 I 2as
4oin4 to... 'id any o% yo& 4&ys #ome to t$e Ha#)at$on yestedayE 'id yo& #at#$ Ami
Taa)is 'a)ma)et !esentationE Hantasti#. Im 4oin4 to stat 2it$ t$at and move to ot$e
dis#&ssion !oints. T$e title o% t$is s!ee#$ is 6Li4$t and 'a) not t$at titles matte (&t I
t$in) its somet$in4 t$at 2e #an stat 2it$. T$ee $as (een a )ind o% d&ality %inally e#o4niAed
(y t$e mainsteam a##o&nts o% Bit#oin tendin4 to2ad. Its somet$in4 2e 2ee tyin4 to $el!
to 4et to2ads 2it$ o& anno&n#ement li)e somet$in4 a(o&t t$e 'a)2allet t$at t$ee
2o&ld (e t$is &ndestandin4 o% Bit#oin. T$ees t$e le4itimate %a#tos o% Bit#oin and t$en
t$ee ae t$e (la#) ma)ets. T$ee is a 2$ite ma)et Bit#oin t$at 2ee all tyin4 to 2o)
to4et$e %o and t$en t$ee is t$e (la#) ma)et Bit#oin 2$i#$ is an anomaly )ind o% o&tside
o% t$in4s* somet$in4 t$at 2as li)e an a##ident o% $istoy* s$o&ldnt $ave (een allo2ed to
$a!!en and 2eve ended &! movin4 !ast it. T$an) Lod. T$is is $o2 t$e senate $eain4s on
t$e Sil) >oad 2ee %om&lated. A%te t$e Sil) >oad* i4$tE =ost Sil) >oad. Kind o% 2is$%&l*
ma4i#al t$in)in4 2ee dis!ellin4 t$e 4$osts. W$ateve t$at 2as* 2$o )no2s 2$y t$at
$a!!ened (&t no2 t$at its ove* lets tal) a(o&t $o2 2e #an 2o) to4et$e and )ind o%
&nioniAe and synt$esiAe t$is 2onde%&l te#$nolo4y* 2$i#$ o% #o&se $as 4eat so#ial im!ot.
Ho2 #an 2e 2o) to4et$e to ma)e t$is t$in4 a 4ood t$in4 %o eveyoneE T$is is a %om o%
li4$t t$in)in4. 'e S!ie4el did it t$e (est a%te So&t$ (y So&t$2est* t$ey said E$sam o%
Coin(ase no2 e!esented... $e 2as t$e 4eat $o!e o% Bit#oin. T$e Mnited States its li4$t
side. Eveyt$in4 else 2as t$e )ind o% (a(aian $oad t$eatenin4 to !&ll Bit#oin (a#) into t$e
da). O% #o&se* t$is is t$e vey t$emati# 2e 2anted to esta(lis$ 2it$ o& !esentation o% t$e
'a)2allet* 2$i#$ I s$o&ld 4o a$ead and say its somet$in4 li)e Ky!toKit* 2$i#$ is 3&st )ind
o% doin4 Bit#oin in t$e (o2se (&t didnt e5!ess its oi4inality. It means to (e ana#$ist.
W$at do 2e mean (y ana#$istE Well* !se&donymity* anonymity %o t$e &se and (asi#ally
o(%&s#atoy te#$niK&es to !event la2 en%o#ement tyin4 to %ind o&t 2$o yo& ae and 2$at
yo&e doin4. Basi#ally* t$e idea is 2ell* i% t$ee is t$is !otential %o Bit#oin to (e#ome an
anonymo&s di4ital #as$ o% t$e %&t&e and to eally !l&n4e eveyt$in4 into da) ma)ets* t$en
it s$o&ld (e )ind o% develo!ed in t$is die#tion and no one is eally ta)in4 t$is #$allen4e on
(e#a&se o% t$e t$eats o% HINCEN in t$e Mnited States. No one #an 4ive vent&e #a!ital %o
e5!essin4 t$is )ind o% attention. O$ loo)... its %illin4 &!. Co& )no2 2$ats #aAy is t$at
d&in4 t$e :' !inted 4&n sa4a* 2$i#$ Im s&e isnt K&ite ove yet* it 2as li)e -a#$ o% last
yea* I 2as at t$is $&4e :' !intin4 #on%een#e in Ne2 Co) !a#)ed 2it$ tavelles*
(&sinessmen* vent&e #a!italists* it 2as 3&st !a#)ed 2it$ t$o&sands o% !eo!le. I did t$is e!ot
on t$e :' !inte 4&n and no one a#t&ally )ne2 it 2as )ind o% !ossi(le at t$at !oint. I $ad t$is
4iant oom all to mysel% and t$ee 2ee 3&st li)e 0N !eo!le and me and I 2as li)e Well*
t$ees 4oin4 to (e a :' !inted 4&n in t2o 2ee)s and eveyone 2as li)e yea$* 4eat*
inteestin4. (La&4$te) It made no... s$i!s in t$e ni4$t man... no one even )ne2 I 2as t$ee...
)ind o% in and o&t. (La&4$te) 8O9.0;
I 2ant to (e a little seio&s t$o&4$. Li4$t and da) " 2$at do I meanE Wee tyin4 to set &!
t$ese t$emati#s (et2een le4itima#y 4od* a to)en 2od o% all t$in4s Bit#oin* es!e#ially sin#e
t$e s&mme. Ho2 do 2e ma)e Bit#oin le4itimateE W$at is le4itima#yE W$at is soveei4ntyE
Ho2 do 2e en#o&a4e ado!tionE Ho2 do 2e (ea) o&selves and emove o&selves %om t$is
$istoy o% illi#it ille4itimate a#tivity on t$is )ind o% se!aation o* i% yo& 2ill* 2$ite ma)ets
and (la#) ma)ets o* i% yo& 2ill* as I li)e to do 2e #an esta(lis$ t$ese ideas in !eo!le. T$e
%ist !eson Ill $old &! to yo& is C$alie S$em. C$alie S$em is (asi#ally t$e %o&nde o #o"
%o&nde o% t$e Bit#oin Ho&ndation. Let me tell yo& a little (it a(o&t $im. He (elieved in
advo#a#y %o le4itima#y %o Bit#oin. He (elieved in 2$at I #all and 2$at 2e t$eoiAe as a
State s#ien#e* a State !$iloso!$y* a !$iloso!$y o% sta(ility* o% models* o% i4idity* o% %i5ity* o%
tem!lates. He t$o&4$t i% 2e #o&ld en#o&a4e t$e State to 4ive &s a !o#essional model* 2e
#o&ld all e#o4niAe a )ind o% !latoni# %om o% Bit#oin (&t i% 2e #o&ld move to2ads t$at 2ed
all $ave a )ind o% #onsens&s a(o&t 2$at Bit#oin 2as and 2e #o&ld all ea#$ $ave a li%e in t$e
)in4dom and 8E (as)in4* 2e #anE; 4o t$ee to4et$e. C$alie S$em 2ent into t$at )in4dom
and $e t$o&4$t vey m&#$ $e #o&ld and t$ey 2o&ld 2el#ome $im in... 2$at did $e doE
8Instead o% ti!!in4 into t$eE; $etoi# a(o&t t$e le4itima#y o% Bit#oin* C$alie S$em
#on#eives o% t$is #on#e!t o% t$e BitLi#en#e* 2$at a !eni#io&s name t$e BitLi#en#e. Wee
so &sed to namin4 (it eveyt$in4* t$e e4&latos t$emselves* 4anted t$is is %om C$alie
S$em* (&t t$ey even )ind o% %old in t$ei o2n !eni#io&s e4&latoy a#tivity into li)e t$is
s2eet loAen4e o% Bit#oin nomen#lat&e... aa$$ t$e BitLi#en#e. Its evil. Its dee!ly* dee!ly
to&(lin4. Ae 2e #onditioned to )ind o% a##e!t itE Well* Ive 4ot my BitE5#$an4e and my
BitLi#en#e... its o!eatin4 on yo& 2it$o&t yo& even )no2in4. He 4oes to 8E; Ne2 Co) 'HS
and %o t2o yeas $e s&44ests and t$ey tell $im... (y t$e 2ay* I visited $im in Boo)lyn. Im
not ma)in4 t$is &! a(o&t $im. Its t$e #onvesation t$at 2e $ad. He said T$e C$inese eally
2ant to e4&late Bit#oinP $o2 do 2e do t$atE Can 2e e4&late t$e so%t2aeE No* no* it doesnt
2o) t$at 2ay. Hees 2$at yo& #an do. Co& #an e4&late t$e (&sinesses* yo& #an ma)e s&e
yo& $ave a 4ate2ay (y 2$i#$ all (&sinesses $ave to !ass t$o&4$* eveyone #an 8E; $ee in
Ne2 Co) (e#a&se* yo& )no2* Ne2 Co)s 4ot to 4et its #&t as its al2ays 4oin4 to (e a !at
o% %inan#e. Hees 2$at 2e #an do. We #an set &! a )ind o% e4&latoy %ame2o) t$at all
!eo!le 2ill #onti(&te to. Coinsette yo&ve $ead o% CoinsetteE W$at Coinsette is is t$e
%ist )ind o% (an) o% (etayal. T$is is li)e somet$in4 o&t o% Ka%)a. T$ey mostly didnt tell &s
2$at t$e BitLi#en#e 2o&ld (e. He as)ed %o Bit#oin (&sinesses to !o!ose die#tly to $im
2$at t$ey t$o&4$t a BitLi#en#e s$o&ld (e. Coinsette made t$e %ist a!!li#ation. T$ey 2ote it
do2n* t$ey s&44ested t$e !oli#y %ame2o) (y 2$i#$ t$ey 2o&ld li)e to (e e4&lated (&t not
3&st t$e %ame2o)* t$ey s&44ested 2$at even t$e #ontent o% t$e %o& #ones o% t$e do#&ment
o% t$e BitLi#en#e 2o&ld (e and t$ey s&(mitted t$at to t$e HS. -y #iti#ism in t$e 'a)2allet
video 2as sim!ly not to say O$* t$e Ho&ndations evil. Its t$at yo&e doin4 it to
yo&selves. By !ati#i!atin4 in t$e State !$iloso!$y* (y 4ivin4 it t$at aleady de%a&lt !osition
o% le4itima#y yo&e sayin4 n&m(e one 2e #an maintain inde!enden#e %om a e4&latoy
!o#ess (&t also !ati#i!ate in it* (&t at t$e same time* yo&e doin4 it to yo&sel%. In t$e end*
t$e e4&latos didnt de#ide* t$ey didnt )ind o% loo) $im &!* o!eationaliAe eveyt$in4 and
)ind o% tell yo& 2$at to do. T$e #omm&nity itsel%* li)e 2$en in S!a#e8E; ae de#idin4 to 8E; in
s!a#e* t$ey 4o Wait a min&te* 2e #ant 3&st %ly in s!a#e* 2eve 4ot to as) someone i% 2e #an
do t$is. T$ey liteally #eated a e4&latoy %ame2o) %o t$emselves (e#a&se t$ey %elt na)ed
&nde t$e o!en s)y. 'o yo& )no2 2$at I meanE T$e same t$in4 2it$ Bit#oin. 8Q9.:;
Lets #ontast t$at !osition o% C$alie S$em to Ami Taa)i. Ami Taa)i 4ave $is !esentation
at t$e Ha#)at$on yesteday %o t$e 'a)ma)et. In t$ity $o&s* $e develo!ed a disti(&ted
Sil) >oad. Sil) >oad (ein4 a 4eat* mon&mental ma)et !la#e %o t$e sellin4 o% Bit#oin and
disti(&tion o% d&4s. Its only %la2 2as t$at it 2as #entaliAed and event&ally t$ey 2ee a(le
to &n#ove 2$ee it 2as* %ind its administato* alle4edly. Hes no2 %a#in4 tialP $ell (e
%a#in4 tial in Novem(e. His name is >oss Ml(i#$t. I% yo& $avent t$o&4$t o% s&!!otin4 -
Ml(i#$t and to see i% $es 2ot$y o% yo& s&!!ot* yo& #an 4o to Hee>oss.o4 #$e#) it o&t
today7 T$e t$in4 is* 2e #an t$in) o% t$is liteally Ami Taa)i* i% yo& dont )no2 $im (y
e!&tation* let me tell yo&. Ami Taa)i is a nomad and t$e est o% my ema)s #ome %om an
essay (y Lilles 'ele&Ae #alled 6Nomadolo4y. Ami Taa)i tavels* $es an itineant* $e
doesnt $ave a %i5ed lo#ation* no !emanent addess* $e #ant 4et !ay#$e#)s* $es not
inteested in $avin4 a 3o( and (ein4 lo#aliAed in one !oint. -y t$o&4$t is no2 t$at Ami
Taa)i isnt 3&st an atist* alt$o&4$ t$is is $o2 $e !esented 'a)ma)et a%te t$is $&4e s!ee#$
and s$o2in4 me 2$at $e did* Ill des#i(e 'a)ma)et in a min&te. His %inal statement 2as
So%t2ae is at. He doesnt t$in) o% 2$at $es doin4 as $ad times. He t$in)s a(o&t it as a
#onvesation* as dynami#* as a !&e atisti#... not 3&st te#$niK&e* (&t e5!ession. Contast t$is
to C$alie S$em. T$e State 2ants t$in4s sedentaiAed* i% yo& 2ill* in one !la#e and lo#aliAed.
W$ats al2ays t$eatenin4 t$e State is 2$ats e5teio to it. T$in) o% 'e%en#e 'isti(&ted
Om47 W$ee ae t$eyE T$eyve 4ot :' !intes and t$eye !intin4 4&ns. W$at ae t$ey
doin4E T$ey need to (e in one !la#e. In ode to ma)e 4&ns* an element o% t$e 2a ma#$ine in
t$e Mnited States* yo& $ave to $ave a !emanent addess* yo& $ave to (e some2$ee*
some2$ee 2e #an #ome 4et yo& and %ind yo& and )no2 2$ee yo& ae o tell yo& 2$ee yo&
s$o&ld (e. In C$alie S$ems #ase* t$is is ta)in4 it to t$e a(sol&te* i4$tE A%te t$eyd )ind o%
4otten eveyt$in4 %om $im a(o&t e4&latin4 Bit#oin* t$ey !&t $im &nde $o&se aest at $is
!aents $o&se. Hes st&#)P $e s$o2ed me $is an)le (a#elets. He 4oes a ste! !ast $is dooP a
SWAT team. Hes lo#aliAed* $es %i5ed* %i5ity and $e $as to o(ey. T$is isnt 3&st t$e idea o%
#a4es and 3ails and eveyt$in4 else* its t$is idea o% sta(ility and %i5ity. Ami Taa)i doesnt
even )ind o% a(ide (y $is o2n so#ial e5!e#tations. W$ee is $eE Hes 4one. W$ats $e doin4E
Hes in A&stia. T$ey 4o on a se42ay to&. He doesnt &ndestand t$e idea. He 3&st 4oes o%%
on $is se42ay. Eveyones li)e W$ees AmiE Ami* ae yo& $eeE O% #o&se $es not $ee*
i4$tE W$y 2o&ld $e #ome to a s#$ed&led eventE (La&4$te). Co& )no2 2$at Im sayin4E Its
idi#&lo&s t$at $e 2o&ld even a!!ea. 'o yo& t$in) $e 2o&ld $ave a name ta4E No* o% #o&se
not. T$eye loo)in4 %o Ami and $e sees some 4il 4ivin4 a2ay %ee $&4s and 3&m!s o%% t$e
se42ay to 4ive $e a $&4 (&t* o% #o&se* se42ays dont sto! t$ey )ee! 4oin4. T$e se42ay
)ee!s 4oin4 and #as$es into a tee. T$e se42ay is no2 (o)en. Ami is a%aid o% t$e a&t$oity
t$at &ns t$e se42ay to&. T$is 2omen... s$ed (e vey &!set so $e $eas s$es #omin4. He
&ns a2ay and t$ey dont see $im %o t$e est o% t$e day. T$is se42ay 2oman no2 $as to ide
$e se42ay and t$e se#ond se42ay... (La&4$te) Co& )no2* $es not 3&st t$is )ind o% 4o(linP
$es not 3&st li)e t$is 2eid #$e&( o% t$e di4ital (la#)ma)ets. He eally &ndestands
somet$in4 o lives a #etain )ind o% model o% t$o&4$t o 2e s$o&ld say a )ind o% a!!o5imate
)no2led4e o nomad s#ien#e* is 2$at Im #allin4 it. Lets 4ive yo& a moe #on#ete e5am!le*
its a(o&t li4$t and da). T$ees t$is 2old o% $ad %oms* >oyal s#ien#e* i4idity* sta(ility
and tem!lates and t$en t$ees somet$in4 li)e t$e Lot$i# 3o&ney. B&ildin4 #at$edals
#ent&ies a4o 2$en t$ey &sed to tavel ao&nd* t$ey 2ee itineant and t$ey $ad t$ei mon)*
masons 2$o 2o&ld %ollo2 t$em ao&nd and t$ey didnt lean and t$ey didnt eally !a#ti#e
E&#lidean 4eomety. T$ey 2ee all a(o&t e5!essin4... 2$at did t$ey 2antE T$ey 2anted to
(&ild (i44eP t$ey 2anted to (&ild dynami#ally. I% yo& loo) (a#) at t$ese Lot$i# 3o&neyman*
t$ey didnt leave (l&e!ints o i% t$ey $ad t$em* t$ey 2ee not$in4 li)e t$e %inis$ed %oms t$at
yo& sa2. T$ey 2ee 3&st inteested in !o3e#tion and e5!ession (y ta)in4 a %om o ta)in4 an
oi4inal !la#e and 3&st 2it$ li)e an A#$imedean )ind o% int&ition !o3e#t t$e (&ildin4 o&t*
#eatin4 t$is dynami#ally im!ovisation on t$e s!ot. T$ey too) 2$at 2as ao&nd t$em* t$ey
too) a )ind o% sense and int&ition %om t$e t$in4s ao&nd t$em and (&ilt in#edi(ly e5!essive
(&ildin4s. T$e t$in4 a(o&t t$is is* o% #o&se* some o% t$ese #olla!sed in t$e 0.
t$
#ent&y and
a%te o (eyond* es!e#ially in Han#e. T$e State al2ays event&ally #omes in t$e name o%
somet$in4 li)e sa%ety o in t$e name o% somet$in4 li)e (EE e&sa(ility). It stats to e4&late t$e
#onst&#tion sites o% t$ese 4eat #at$edals. Im &sin4 #at$edal on !&!ose $ee. O!en so&#e*
itsel%* as a #at$edal. T$e 4eat e5!essive %eat&es ae t$ese itineant #a%tsmen ae slo2ly
)ind o% #&t a2ay in t$e inteests o% somet$in4 else. Somet$in4 in li)e a i4id* sta(le %om. I
(elieve* t$e analo4y is #lea* t$is is 2$ats at sta)e in somet$in4 li)e Bit#oin. W$y does it
$el! &s t$at 2e )ind o% $ave to as) %o a !o#ession o% models %om a&t$oity %i4&esE Ces* o%
#o&se 2e $ave to live in t$e 2old* 2e $ave to ma)e money (&t 2$at 2ee sa#i%i#in4 is
somet$in4 li)e a )ind o% int&ition. Somet$in4 li)e Ami Taa)is 'a)ma)et. No2* Ill tal)
a(o&t it moe. 80191O;
'a)ma)et is t$e %astest es!onse to t$e !o(lem o% Sil) >oad. Its a !ee to !ee Sil) >oad*
i% yo& 2ill. It solves all t$e !o(lems o% disti(&ted identity* e!&tation* de#entaliAation*
stealt$ identity* es#o2* Bit#oin* all t$is st&%%. T$eyve s$o2ed it* t$e !oo%"o%"#on#e!t is &!.
Co& #an 4o to BitCedits.io and see t$e es&lts o% t$ei 2o)* i% not today t$en tomoo2.
T$ey s$o2ed it in eal time a disti(&ted Sil) >oad. No2* t$ee is not one node o% %ail&e*
t$ee is not a #$o)e !oint. T$is 2as done in :/ $o&s. T$is is t$e %&ndamental K&estion ma)
%o somet$in4 li)e Bit#oin 8E; and it 2as done in :/ $o&s (y an atist 2$o doesnt $ave a
sta(le !ay#$e#). He did it o&t o% !&e atisti# e5!ession and 2ill. 80O9:R;
Audience mem$er: 'a)ma)et is on Lit$&(. 80O910;
CW: O$ t$an)s. 'a)ma)et Lit$&( i% yo&d li)e to see t$e e$&( and yo&ll see all t$e
#ommits. All t$e #ommits 2ee done liteally in t$e last 1J $o&s d&in4 t$at t$in4. 80O91Q;
Chair: -ay(e i% yo& 2ant to as) a K&estion* may(e 2e #o&ld $ave some !eo!le stat linin4
&! at t$e mi#o!$one 2$en yo& ae eady to ans2e t$ose K&estionsE 80O9OO;
Cody: I t$in) Ive eally made most o% t$e !oints t$en i4$tE T$is is a %om o% State t$in)in4.
Let me 4ive yo& one moe little stoy 2it$ some K&estions. T$ee is li4$t and da) a4ain* li4$t
and da)* #oe#tE T$ee is State s#ien#e* oyal* %i5ed* tem!lates and t$en nomad s#ien#e. I
4ive yo& t$is as a $eat(ea)in4 (&t li)e an essential )ind o% stoy. E$sam* o% Coin(ase* is
no2 t$o&4$t to (e a )ind o% eal t$o&4$t leade. T$e man* 2$o t$e mantle o% t$e %&t&e o%
Bit#oin is no2 4oin4 to (e !la#ed on $is s$o&ldes and t$e !eo!le o% San Han#is#o #ome to
me and t$eyve de#laed vi#toy. Lo5 is dead* t$e Ho&ndation is essentially dead and so no2
San Han#is#o 2ill ta)e t$e $elm and lead Bit#oin into t$is (i4$t !aadise. C$alie S$em 3&st
$as to $old on no2. E$sams 4ot t$is !anel on SSSW and t$e %ist !eson to #ome &! to t$e
mi#o!$one to as) $im a K&estion a%te $is vey #onsens&s* (lasT !esentation a(o&t Bit#oin*
2$ateve #o!oate Bit#oin* is >oss Ml(i#$ts mot$e* Lyn. Ho2 did s$e 4et in t$eeE Well*
2e sm&44led $e in to t$e SSSW !anel. (La&4$te) A(o&t UN// to !ay %o it. S$e 4ot to t$e
mi#o!$one. T$e mot$e o% t$e man 2$o (asi#ally en4endeed Bit#oin. T$ees t$is smamy
8E; e!ote 2$o t$in)s $e made Bit#oin $a!!en (e#a&se $e e!oted on t$e Sil) >oad* i4$tE
>oss Ml(i#$t 2as* in so many s!iit&al senses* t$e %at$e o% Bit#oin* its s$e!$ed into
somet$in4 li)e t$e mainsteam. Its !oo% o% all t$e da) t$in4s t$at 2e t$in) o% and ae still to
#ome and $e did it %ist and $e made Bit#oin and $e 4ave it t$at )ind o% essential to&#$. It
2o)ed t$e (la#) ma)et. It 2o)ed a4ainst t$e investi4ative !o#ed&es and t$e
inte#e!tive 2ill o% t$e State. It 2o)ed and 2e all 4ot e5#ited a(o&t it. >oss Ml(i#$t did t$at.
S$e as)s* >oss Ml(i#$ts m&m* s$e as)s E$sam 6W$at 2o&ld yo& say to my sonE 'ont yo&
t$in) t$at 2$at $e did 2as... Cant 2e say somet$in4 a(o&t 2$at $e didE 'ont yo& t$in)
2o) li)e $is is im!otant to t$e %&t&e o% Bit#oinE Kee!in4 in mind t$is idea o% %i5ity and
models and i4idity* State s#ien#e $as t&ned someone li)e t$is E$sam #$aa#te* $imsel% into
a )ind o% #ai#at&e. He* (y t$is !ess&e a(ove $im* t$ese vent&e #a!italists* t$e !ess&e on
$is (&siness as t$e )ind o% sole !oint %o e5#$an4e and $is elations$i! 2it$ Sili#on Ialley
and Im s&e 2it$ $is elations$i! 2it$ t$e e4&latos* $e #o&ldnt say a t$in4. He st&m(led.
He $ad not$in4 to say. He )ne2 $e #o&ldnt say anyt$in4. W$o )no2s and it doesnt matte i%
$es an ana#$ist at $eat* li)e some o% t$ese 4&ys I met t$e ot$e day. Ana#$ism is not a
%eelin4. He 2as endeed im!otent (y t$e State s#ien#e. T$e mot$e o% one o% t$e 4eat
nomad s#ientists* i4$tE T$e 4&y* 2it$ %&ll a(andon and e#o&se to $is o2n e%%ots* (&ilt t$is
(ea&ti%&l ma)et!la#e in total se#e#y* 2it$o&t &les o% t$e oad. His mot$e as)s E$sam to
say 3&st one t$in4 and $e #ant. Its em(aassin4. T$ats an im!otent* model ladies and
4entlemen* t$at 2ill neve 8E; 80J9O:;
Im $a!!y to ta)e K&estions. T$an) yo& %o t$in)in4 o% t$is d&ality 2it$ me 2$en 2e #ome
&! 2it$ a #etain )ind o% 8E; Bit#oin. 'ont (e a%aid o% t$e da). 'a)ma)et. (A!!la&se)
80Q9/O;
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
A*+E,T:
Ky!toKit is t$e 2olds %ist C$ome (o2se Bit#oin 2allet. Its t$e easiest* %astest Bit#oin
2allet !ayment system 2it$ a sim!le one #li#) install* it ta)es 3&st se#onds to 4et yo& 2allet
set &! and (e#a&se Ky!toKit %inds t$e addess and !ayment %o yo&* t$ees no moe %&ssin4
ao&nd o ta( s2it#$in4. Ky!toKit is moe t$an 3&st a 2allet. It #omes 2it$ a !e"loaded =L=
en#y!ted so#ial net2o)* ne2s%eeds %om >eddit and Loo4le and &! to date #$ats %om
e5#$an4es. Hinally* Ky!toKit die#toy allo2s yo& to ma)e t2o #li#) !ayments 2it$ any o%
t$e Bit=ay me#$ants. On#e yo& install Ky!toKit* yo& 2ont need anyt$in4 else. Ho moe
in%omation* o to do2nload Ky!toKit* visit Ky!toKit.#om. 80Q91.;
A*+E,T:
Hi listene. Hee at Lets Tal) Bit#oin* 2ee (&ildin4 a 4lo(al net2o) o% #oes!ondents
a(le to #onti(&te on t$e 4o&nd !es!e#tive 2$en #y!to#&en#y elated in%omation #omes
a#oss t$ei %iltes. I% yo&d li)e to 3oin o& 4lo(al #onvesation* send an email 2it$ yo&
name and 4eo4a!$i# o #&lt&e ni#$e to a!!lyVletstal)(it#oin.#om. ,&st li)e Bit#oin* t$e
only (aie to enty is yo& time and 4ood 2o). T$an)s %o listenin4. 8./90/;
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
CW: T$an)s %o listenin4. Im $a!!y to ta)e K&estions. 8./90R;
Audience -uestioner: I eally en3oyed t$e !esentation* t$an)s. T$e 'a)2allet 2as %&nded*
2as #o2d"%&nded. W$at do yo& t$in) 2o&ld (e t$e (est 2ay to #o2d"%&nd 'a)ma)etE
8./9.Q;
CW: I dont )no2. A4ain* Ami 2o&ld tell yo& t$at 'a)ma)et 2as 3&st li)e !&e !oo%"o%"
#on#e!t and its not !od&#tion eady. Its amaAin4 2$at $e 2as a(le to s$o2* ladies and
4entlemen. Loo4le t$is i% yo& #an. Ill 4et Ami to 4et a !od&#tion site &! and may(e 2ell
do video in ''. I t$in) t$at sin#e t$e #ode is aleady !&(li#ally availa(le* its ali4$t %o
!eo!le to )ind o% ma)e somet$in4 moe sta(le and 3&st t$o2 it o&t t$ee. I dont t$in) 2e
ne#essaily need to #o2d"%&nd. -ay(e 2e s$o&ld. I %eel li)e I #ant i4$t no2. We 3&st
#o2d"%&nded 'a)2allet may(e si5 mont$s a4o and 2e 4ot a ni#e amo&nt o% money and
even t$o&4$ Bit#oin is %allin4 a (it in !i#e and #a!ital as 2ell* I %eel I #ant as) %o money
&ntil 2eve eally develo!ed 'a)2allet in an al!$a and t$en a (eta t$at yo& #an en3oy and
see it as )ind o% !oo% o% yo& 4eneosity as yo&ve #olle#tively %&nded 'a)2allet. I
e#ommend t$at anyone ty (&t 2$ats inteestin4 is t$at t$is is almost li)e At$ena its
aleady %&lly %omed and o&t t$ee* its 3&st its &! to inte!id !eo!le to 4ive it somet$in4 li)e
a sta(le elease. I% 2e dont see somet$in4 li)e t$at #omin4* Im $a!!y to (a#) it mysel%
2it$... I dont )no2... #edit #ads (la&4$te). I $o!e 2e %ind someone 2illin4 to )ind o% ta)e
t$e $elm $ee. I% yo& 4&ys 2ent to &nSystem.net* I e#ommend yo& 4o on t$e &nSystem
mailin4 list 2$i#$ is 3&st a #y!to mailin4 list (&t eveyones vey e5#ited a(o&t it. T$e
2$eels ae t&nin4 and eveyones tal)in4 a(o&t it. It $ad (een t$o&4$t %o a 2$ile t$ee
2o&ld (e an o!en tansa#tion vesion o% t$is* soon to #ome (&t $ees t$e !o(lem o% t$e
!ossi(le* i4$tE Its not !ossi(le &ntil its aleady $ee* so 2ee st&#) 2it$ Om4* its
aleady $ee* ,es&s* t$e %&t&e is no2. Its amaAin4 and I e#ommend yo& #$e#) it o&t. I 4&ess
t$at 2as my ans2e to yo& K&estion. 8..900;
Audience -uestioner: It 2as* t$an) yo&. 8..90.;
Audience -uestioner: Ho t$e ne2(ies* distin4&is$ (et2een Ky!toKit and 'a)2allet and
2$at $ave yo& t$eatened Ky!toKit 2it$ so t$eye st&#) on 3&st one e5tension %o one
(o2seE 8..9.:;
CW: T$eatenedE Well* Ant$ony $ee (la&4$te) t$in)s t$at some$o2 'a)2allet is a
#om!etito to Ky!toKit. I dont t$in) 2e eally ae. Hees t$e t$in4. Ba#) 2$en 2e #o2d"
%&nded 'a)2allet* me#i%&lly and t$an)%&lly t$ee 2asnt Bit#oin eally in t$e (o2se. It
$ad (een )ind o% a s&44estion Ky!toKit 2asnt o&t and neit$e 2as S!ae#oins and t$ese
ot$e t$in4s so 2e 2ee a(le to #o2d"%&nd on t$is. I% 2e 2ee li)e a mont$ late* 2e
2o&ldnt $ave (een a(le to do it. It aleady e5ists Ky!toKit. T$e t$in4 is* t$at ones a
(&siness (asi#ally o o!eated (y a (&siness and yo& #an t$in) o% it as a sevi#e. Co&d neve
%ind it in t$e Mnited States 2it$ t$e native Coin,oin t$at 2ed li)e to &n 2$i#$ o% #o&se*
lets say it* is a %om o% money la&ndein4. Co& s$o&ld (e a(le to !lay ao&nd 2it$ native
Coin,oin in yo& (o2se 2it$ Bit#oin. I (elieve t$e only )ind o% #iti#al di%%een#e (et2een
'a)2allet and Ky!toKit is t$at Ky!toKit doesnt o%%e native Coin,oin. T$ats not me
a##&sin4 it o% )ind o% 2$ateve* Im 3&st sayin4 its inteested in 4ivin4 yo& Bit#oin easily* as
a layeed 2e( e5!eien#e* $el!in4 yo& do t$in4s li)e en#y!t yo& ta%%i#* mana4e yo&
#&en#y easily. It $as one o% t$e (est 2ays o% doin4 =L= =L= is )ind o% #l&msy still (&t
Ky!toKit $as a#t&ally done vey 2ell im!otin4 and e5!otin4 )eys. I t$in) its a (ea&ti%&l
t$in4 and !oo% t$at t$at s!a#e is i!e %o develo!ment. T$at s!a#e I mean* Bit#oin in t$e
(o2se. 'a)2allet is* at its $eat* !&ely o!en so&#e and not &n as a (&siness o sevi#e.
Basi#ally* it $as to (e t$at 2ay (e#a&se any ot$e )ind o% 2ay o% tyin4 to &n it* es!e#ially
tyin4 to monetiAe it ma)es &s v&lnea(le to State intedi#tion and* o% #o&se* 2ed $ave to
s!end moe time in #a4es. Id $ave to S)y!e t$en* li)e C$alie S$em.
Audience -uestioner: W$ats Coin,oinE
CW: Coin,oin is $o2 2e tal) a(o&t mani!&latin4 Bit#oin tansa#tions* mi5in4 in!&ts and
o&t!&ts. Its )ind o% li)e... yo&ve $ead o% Bit#oin mi5in4 (e%oeE Basi#ally* its li)e a 2ay o%
mi5in4 and o(%&s#atin4 identities and in!&ts. T$e 2ay 2e do t$is Coin,oin and t$e 2ay its
still (ein4 done is yo& see a tansa#tion (&t yo&e )ind o%... its (asi#ally a total %&d4e o%
2$at $a!!ened in t$at tansa#tion... t$en t$ees t$e (lo#)#$ain (&t yo&ve #on%&sed 2$at
in!&ts and o&t!&ts 8E;. T$ats t$e (est I #an say. Im #etainly not te#$ni#al eno&4$. I% Ami
2as $ee $e 2o&ld 8E; 8.1911;
Chair: Soy (&t 2ee &nnin4 o&t o% time. One moe K&estionE 8.191J;
Audience -uestioner: Ho2 do yo& 4et !eo!le on (ot$ an individ&al level as 2ell as t$e
&ndelyin4 !i!eline level to 4et to t$is idea t$at eveyt$in4 s$o&ld (e en#y!ted* eveyt$in4
s$o&ld (e se#&ed (y de%a&lt so t$at 2ay t$e a#t o%* lets say* sendin4 a =L= en#y!ted
messa4e isnt itsel% an invitation to (e s&s!e#ted o% somet$in4E I% 2e #omm&ni#ate se#&ely
and eveyone #omm&ni#ates se#&ely t$en t$at (e#omes t$e de%a&lt. Ho2 do yo& 4et !eo!le
to t$at level t$at t$ey 2o&ld a#t&ally 2ant t$atE Not only 2ant it at an individ&al level (&t (e
2illin4 to (&ild it into t$ei !od&#ts. 8.O9:.;
CW: Leat K&estion. Evey2$ee... and t$is is 4oin4 to ende me an o!timist and Im not
(&t... (la&4$te) evey2$ee* e5#e!t in t$e Mnited Kin4dom* t$ee $as (een a #etain sea"
#$an4e in !&(li# o!inion* at least in t$e West* a(o&t !iva#y as a de%a&lt* a )ind o% #ondition.
-ay(e somet$in4 o% a 4eneal teo a(o&t t$e idea o% O$ i4$t* t$ee is no s&#$ t$in4 and I
eally s$o&ld $ave some. T$ees )ind o% (een a #otta4e !iva#y ind&sty !o! (a#) &! a%te
- Ed2ad Sno2den did t$e Lods 2o) (la&4$te). It 2as 4eat. I% yo& 2eent a2ae o% it
(e%oe 8E; and all o% t$ose !eo!le in t$e Q/s and t$e d&e dili4en#e #aies o% all t$in4s a2%&l
and NSA* t$ey $ad (een )ind o% emindin4 &s By t$e 2ay* yo& live in a totally &n%ee )ind
o% sit&ation (&t Sno2den* at least* deliveed t$at to &s in a s&#$ a !otent 2ay and 2e s$o&ld
t$an) 8E; and t$an) 8E;. I t$in)* a#t&ally* t$at t$ee is a eal a!!etite no2 %o !iva#y as a
de%a&lt !osition as )ind o% (&ilt into t$e #oe %o o& a!!li#ations and o& 2e( e5!eien#e and
a lot o% #om!anies ae es!ondin4 to t$is. No2 Im li)e a soot$saye a(o&t t$e e%%ots o%
Loo4le and Ca$oo and t$ese !eo!le )no2* o% #o&se* t$eye told tade is 8E; Ive (een eally
e5#ited to see 8E;* I t$in) 'a)2allet* 2eve $ad a vey )ind o% o%% t$e #&%%* ad $o# #o2d"
%&nd state4y 2e aised U0//). I t$in) eally* it #omes do2n to someone )ind o% de#lain4
t$ei 2ill to 4ive yo& t$at )ind o% !iva#y in a !a#)a4e and eveyone 2$os done t$at so %a*
at least #o$eently* $as (een e2aded monetaily via a !o3e#t* via a #$an#e to 4ive t$at into
t$e ma)et. =eo!le 2ant it and 2antin4 it is i%e and demand is almost t$e entie (attle* so
2$ile !eo!le ae #ons#io&s and demand it* 2e s$o&ld 4ive t$em 4eat so%t2ae and I t$in) its
$a!!enin4. In t$e #y!to2as t$ee 2as t$is $&4e %as#ination 2it$ =L=. I met 2it$ S$eldon
>i#$man t$e ot$e dayP $e lives A)ansas. I 4o to A)ansas and meet li)e S$eldon >i#$man
and all t$ese ot$e 4eat ne2 le%t anti"2a !eo!le. He 2as sayin4 $e did =L= (&t t$is is t$e
stoy I sto!!ed and t$en somet$in4 li)e We( ../ $a!!ened and Bitdata $a!!ened and it
2asnt im!otant any moe. Its im!otant a4ain and 2$ile its im!otant a4ain* its 4oin4 to
$ave to (e !eo!le li)e yo& man* develo!in4 3&st need so%t2ae %o !eo!le t$at 3&st ta)es #ae
o% it (y de%a&lt (e#a&se 2e need it t$at 2ay. Wee not 4oin4 to ta)e t$ose e5ta ste!s* it )ind
o% $as to (e (&ilt %o &s (&t it seems to (e $a!!enin4. 8.R9OR;
Chair: Ladies and 4entlemen* Cody Wilson. (A!!la&se) 8.J9/.;
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
(Ode to Satos$i son4 !layed)
IE>SE 0
Well* Satos$i Na)amoto
t$ats a name I love to say
We dont )no2 m&#$ a(o&t $im
(&t $e #ame to save t$e day
W$en $e 2ote a(o&t t$e 2ay t$in4s ae
and t$e 2ay t$in4s o&4$t to (e
He 4ave &s all a !oto#ol
t$is 2old $as neve seen
CHO>MS9
O$ Bit#oin as yo&e 4oin4 into t$e old (lo#)#$ain
O$ Bit#oin I )no2 yo&e 4oin4 to ei4n* 4onna ei4n
Till evey(ody )no2s* evey(ody )no2s*
Till evey(ody )no2s yo& name
IE>SE .
'o2n t$e oad it 2ill (e told
a(o&t t$e deat$ o% old -tLo5
A(o&t tades tadin4 alte#oins
and mines minin4 (lo#)s
B&t t$em 4ood old (oys (a#) in Illinois
and on do2n to Tennessee
See t$ey dont #ae to (e a millionaie
t$eye 3&st 2antin4 to (e %ee
CHO>MS9
O$ Bit#oin as yo&e 4oin4 into t$e old (lo#)#$ain
O$ Bit#oin I )no2 yo&e 4oin4 to ei4n* 4onna ei4n
Till evey(ody )no2s* evey(ody )no2s*
Till evey(ody )no2s yo& name
IE>SE :
Hom t$e 4$ettos o% Cal#&tta
to t$e $alls o% =aliament
W$ile t$e (an)es #o&nt o& money o&t
%o evey 4ovenment
O$ Bit#oin %lies on t$o&4$ t$e s)ies o% Iit&ality
A !omise to delive &s
%om a4e old tyanny
CHO>MS9
O$ Bit#oin as yo&e 4oin4 into t$e old (lo#)#$ain
O$ Bit#oin I )no2 yo&e 4oin4 to ei4n* 4onna ei4n
Till evey(ody )no2s* evey(ody )no2s*
Till evey(ody )no2s yo& name
Till evey(ody )no2s* evey(ody )no2s*
Till evey(ody )no2s yo& name
Live me some e5!os&e
Till evey(ody )no2s yo& name
Sin4in4 O$ Lod !ass me some moe
O$ Lod (e%oe I $ave to 4o
O$ Lod !ass me some moe
O$ Lod (e%oe I $ave to 4o
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
Adam B! %e#ine inter#iew with Amir Taaki
A%: Ami* t$e %ist time I sa2 yo& s!ea) 2as* I t$in)* 2as on BBC. Co& 2ee 2eain4 2$at
loo)ed li)e s#$ool &ni%om and yo& $ai 2as ni#ely 4oomed. (La&4$te) W$at #$an4edE
8:/9O1;
AT: (La&4$te) Not$in4. I &n many (&sinesses in my li%e and... yea$. (La&4$te) 8:09/O;
A%: I mean* 2eve tal)ed a #o&!le o% times ove t$e last %e2 days and one o% t$e t$in4s t$at
yo&ve said* a %e2 times* is yo&ve told me a stoy a(o&t yo& %iend 2$o ma)es mamalade
%om e5!ied %ood* (asi#ally. T$e t$in4 t$at I )ee! 2antin4 to as)* and I $avent $ad #$an#e
yet* is t$ee any #i#&mstan#e &nde 2$i#$ yo& t$in) t$at its 4ood to $ave 4ovenment
e4&lations* o its 4ood to $ave standads and e4&lations t$at esti#t !eo!le %om doin4
t$in4s* o is it 3&st a#oss t$e (oad* noE 8:09:0;
AT: Im not t$in)in4 t$at 2e s$o&ld n&)e t$e !lanet and 4o (a#) to livin4 in #aves* destoy
eveyt$in4 t$at 2eve (&ilt and #ome to2ads (&t #etainly 2e #an !&t o& minds to4et$e
and t$in) $o2 2e 2o&ld li)e t$in4s to (e and %ind a 2ay t$at 2e #an move in t$at die#tion.
8:09O1;
A%: W$en I loo) at t$e 2o) t$at yo&ve done 2it$ Li((it#oin and a vaiety o% t$e ot$e
!o3e#ts* 'a)2allets anot$e e5am!le* its o(vio&s t$at yo& $ave an ideolo4i#al ta)e on t$is
and t$at t$e !&ity o% t$at ideolo4y is vey im!otant to yo&. Can yo& )ind o% ati#&late 2$y it
is t$at yo& live t$e li%e t$at yo& do and do t$e 2o) t$at yo& doE 8:.90N;
AT: As te#$nolo4ists* o& 3o( is to (&ild tools %o !eo!le to &se and 2e no2 %ind o&selves in
an em!o2ein4 !osition (e#a&se o% t$e le4a#y le%t to &s (y many !eo!le ove $istoy 2$o
(&ilt t$e te#$nolo4y and a set o% et$i#s and moals in mind. As someone 2it$ a $&4e amo&nt
o% s)ill* 2e $ave a es!onsi(ility to #ay t$at le4a#y on2ads. T$ee is a evol&tion in o&
time* !e$a!s as im!otant as t$e invention o% 'NA itsel%. T$e !otential %o a 4lo(al
#ons#io&sness is eme4in4 2it$ anot$e system t$at s!ans t$e entie 4lo(e. T$e intenet is
somet$in4 t$at eally $as a lot o% !otential to #$an4e t$e t$in4s t$e 2ay t$at 2e assem(le as
$&man (ein4s* t$e 2ay t$at 2e do t$in4s. I s!end a lot o% time* sin#e I 2as vey yo&n4* livin4
in di%%eent #omm&nities* in di%%eent sK&ats and !la#es and seen t$e !eo!le 2$o ty to %ind
ot$e 2ays t$at t$ey #an live (ette and #$an4e t$e sit&ation ao&nd t$em and o(seve 2$at
ae t$e iss&es o !o(lems t$at t$ey $ave and t$in)* t$at in my 2o)* $o2 I #an (&ild (ette
tools to seve t$ose !eo!le to (e a(le to (ette #onst&#t somet$in4 t$at #an allo2 &s to t$ive
as %ee !eo!le. 8::9O:;
A%: Co&ve s!ent a lot o% time in Cala%o&* 2$i#$ is sot o% a !ost"#a!italisti#... 8:19/0;
AT: T$ey #all it a te#$no"ind&stial e#o"villa4e. 8:19/O;
A%: A te#$no"ind&stial e#o"villa4e. 8:19/N;
AT: Cala%o& is vey inteestin4 (e#a&se Ive seen a lot o% di%%eent e#o"villa4es and so on.
One o% t$e t$in4s t$at t$eye doin4 2it$ Cala%o& is investin4 ene4y and eso&#es into
te#$nolo4y and ind&sty 2it$ a !o!e e#onomi# model (e$ind it. W$en yo& see some o% t$e
sK&ats* sometimes es!e#ially li)e in London* t$e !eo!le ae movin4 a lot %om 2ee) to 2ee)
in di%%eent !la#es. W$en yo&e in a !la#e 2$ee yo&e not 4oin4 to (e a lon4 time* yo&e
less in#lined to invest yo& time and yo& ene4y to (&ild somet$in4 ni#e and 2$en yo& only
t$in) yo&e 4oin4 to (e t$ee %o a %e2 days* yo& mi4$t not )ee! t$e !la#e #lean and !eo!le
even (e#ome dest&#tive and a lot o% tensions (et2een t$e !eo!le aise. W$en !eo!le ae in a
!la#e 2$ee t$ey )no2 t$ey $ave t$e o!!ot&nity o% t$at !la#e t$at t$ey #an ma)e somet$in4*
!eo!le eally (e#ome #onst&#tive* es!e#ially 2$ee yo& 4ive t$e o!!ot&nity %o !eo!le to
!&s&e t$ei o2n visions o t$ei deams. T$e di%%een#e is (et2een a 4&y* li)e 2$en !eo!le
&sed to 4et slaves and tell t$e slaves to !i#) t$e #otton and yo& eally #ant 4et t$em to do
anyt$in4 m&#$ moe #om!le5 t$an !i#)in4 #otton and t$e only 2ay t$at yo& #an s#ale &! o
im!ove it is to do&(le t$e amo&nt o% !eo!le doin4 t$at man&al la(o. Its t$e same t$in4
eally 2it$ t$e in#entive st&#t&es 2$ee yo& $ave em!loyees 2o)in4 on somet$in4 (&t i%
!eo!le do t$e !o3e#ts (&t its t$e !o3e#t t$at t$ey 2ant to do and its t$ei !assion* t$ey do it
2it$ a lot moe #eativity and a lot moe dive. T$e money 4oes a lot %&t$e. We see t$is in
all t$e o!en so&#e !o3e#ts. Wit$ Cala%o&* t$ey t$in) to 4et a !la#e t$at t$ey %ind a 2ay t$at
t$ey #an (&y t$is land* li)e a massive !ie#e o% land 2it$ many di%%eent (&ildin4s all ao&nd
and e#onst&#t an old ind&stial #om!le5 2it$ divesity o% &se o% t$e s!a#e. T$ey $ave
$a#)es* t$ey $ave a (io la(* me#$ani#s* !eo!le doin4 2ood and metal* t$ee is an ente!ise
t$at ma)es %&nit&e* !eo!le 2it$ a4i#&lt&e* all di%%eent !eo!le and eally t$in)in4 a(o&t
t$e t$in4s 2it$ t$e te#$nolo4y. -y %iends 4o and t$ey o##&!y a (i4* (i4 %oest li)e one $o&
%om o&tside London and t$e !eo!le t$ee stat to #onst&#t $o&ses ni#e $o&ses. T$ee ae
li)e lo4 #a(ins 2it$ 2ooden !lan)s on t$e %loo and t$e 2alls and eveyt$in4. T$ee is some
4il 2$o (&ilt t$is $o&se 2it$ t2o %loos and a (al#ony all (y $esel% and yo& eally stat to
t$in)... yo& 4ive a %e2 (asi# t$in4s to t$ese !eo!le li)e ind&stial tools t$at t$ey #an $ave t$e
(i#)s and t$ey 2ill (&ild eally ni#e $o&ses... o t$e te#$nolo4i#al tools... li)e* in t$e 2inte*
its vey #old o&tside and its a lot o% $ad 2o) to !i#) t$e %ie2ood and do all t$e t$in4s and
its vey m&ddy o&tside. T$ees a (i4 s!a#e so a lot o% !eo!le ae te#)in4 to t$e ot$e side to
4o and tal) to t$e !eo!le and its vey di%%i#&lt %o a #omm&nity to sel%"o4aniAe to4et$e and
(e sel%"mana4ed (&t yo& !&t t$e intenet in all t$e $o&ses and t$e !eo!le #an $ave a oom and
a #$at oom and #oodinate t$o&4$ I>C o %o&ms and s&ddenly t$in4s #an 2o) a lot (ette.
Basi# in%ast&#t&e li)e 4as* t$at !eo!le #an &se to #oo) and ma)e meals. Even 3&st t$in)in4
e#onomi#ally a(o&t $o2 2e do t$e t$in4s to do t$em smate. In Cala%o&* t$ee is a )it#$en
and any time yo& 2ant yo& #an 4o and #oo) some %ood and t$ee ae t$e in4edients t$ee and
ma)e somet$in4 (&t I noti#ed in t$e sK&ats* sometimes !eo!le 2ee (&yin4 t$ese sna#)s. Co&
(&y t$ese sna#)s and t$ey ae moe e5!ensive* 2$en yo& eat t$em yo&e al2ays $&n4y and
its #a!!y %ood* its not eally 4ivin4 yo& ene4y o anyt$in4. I% yo& (&y t$e (asi#s* li)e t$e
!otatoes and t$e i#e and t$ose t$in4s and yo& #oo) !o!e meals. Ho instan#e* in Cala%o&*
evey(ody ties to #oo) a meal at least on#e a 2ee) 2it$ t2o o t$ee ot$e !eo!le and i%
evey(ody in t$e #omm&nity does t$at* t$en yo& #an $ave a 2am meal t$ee times a day and
eat (ette and live (ette. ,&st t$in)in4 a(o&t $o2 yo& do t$ese t$in4s* t$ee ae a lot o%
di%%eent t$in4s t$at 2e #an see $o2 2e #an do to4et$e to ma)e t$e t$in4s (ette and to live
in a !la#e 2$ee yo& o2n and $ave soveei4nty and o2n somet$in4. A lot o% t$e times* 4oin4
t$o&4$ o& li%e* 2ee entin4 and 2o)in4 %o yeas and yeas 2it$ a mot4a4e and* at t$e
end* a lot o% !eo!le $ave not$in4. T$ey ae livin4 o%% #edit* o%% de(t and t$ats not a 2ay to
live. Ho instan#e* 2it$ t$e o!en so&#e* e#olo4y is a !o3e#t to #onst&#t t$e 1/ (asi#
ma#$ines t$at yo& need to ma)e a sel%"s&staina(le to2n o villa4e in s&#$ a 2ay t$at t$ese
ma#$ines ae easy to (&ild 'IC* lo2 #ost and 2it$ ea#$ o% t$e !ats mod&la. I% yo& $ave t$e
ind&stial (ase* yo& #an e&se t$e !ats in di%%eent ma#$ines so t$in4s li)e t$e (i#) !ess o
t$e ta#to o t$e ten#$e... t$in4s t$at save on la(o. Its not t$e same as a $&nded yeas a4o.
We $ave t$e te#$nolo4y and t$e tools no2 and 2e #an live (ette and lo#aliAe and #onne#t
also moe #losely o& #ons&m!tion 2it$ o& !od&#tion. We $ave no2 o!timiAed o&
!od&#tion so m&#$ t$at t$e eal #ost is in t$e disti(&tion o% a lot o% t$e t$in4s. Weve moved
!od&#tion to t$ese #entaliAed nodes. I t$in)* one o% t$e (i44est #$an4es in t$e ma)et 2as
ao&nd t$e R/s 2$en t$ey de#ided to sell di%%eent )inds o% tomato so&!. Be%oe* t$e !eo!le
&sed to do t$e st&dies and say OK* $o2 m&#$ s&4a s$o&ld 2e !&tE Ho2 m&#$ saltE W$at
#onsisten#y s$o&ld 2e ma)e itE T$en* 4ettin4 t$e avea4es and ma)in4 t$e sin4le !od&#t t$e
(est tomato so&! %o t$e ma)et. Some !$ysi#ist #ame alon4 and $e a#t&ally !o!ose t$at 2e
s$o&ld ma)e di%%eent )inds o% tomato so&!. Some !eo!le li)e it l&m!y* some !eo!le li)e it
s!i#y and it 2as all di%%eent and #&stomiAed %o ea#$ !eo!le. T$ats !at o% t$e evol&tion
2it$ :' !intin4 t$at 2e #an a#t&ally (&ild t$e t$in4s %o o&selves* as 2e need t$em
o&selves* (ette sevin4 &s. T$ats t$e same t$in4 2it$ t$e !od&#tion and t$e #ons&m!tion.
-ove t$e t$in4s lo#ally and &se t$e tools so 2e #an (ette #onne#t t$e #ons&m!tion 2it$ t$e
!od&#tion. Not only t$at t$in4s #an (e (ette* t$at yo&e eatin4 (ette* t$at yo&e
#ons&min4 lo#al !od&#e t$at is made (y lo#al %ames. Wee moe a2ae o% t$e $idden #osts
in o& #ons&m!tion (e#a&se t$ee ae a lot o% t$in4s in t$e 2ay t$at 2ee livin4 and t$e 2ay
t$at 2ee doin4 t$in4s no2 t$at is on a ta3e#toy t$at isnt eally s&staina(le and is #a&sin4
massive amo&nts o% &nseen dama4e and t$e e%%e#t on o& lives is not vey 4ood. We loo) to
someone and 2e yean %o someone 2$o 2ill #ae %o &s and %o4ive &s o% o& #$ildis$
mista)es. T$e eality is t$at 2e ae t$e #&stodians o% li%es meanin4* 2e sea#$ %o a !&!ose
(&t 2e ma)e o& o2n !&!ose. (A!!la&se) 81.901;
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
A*+E,T:
T$is is Steven Levine* CHO o% Lets Tal) Bit#oin. As someone 2$o !ays (ills 2it$ Bit#oin* I
%ind it immensely satis%yin4 t$at I #an !ay o& desi4ne in Canada K&i#)ly and easily. A
#o&!le o% (&tton #li#)s and Bit#oin moves ove miles and (odes* &n%etteed (y ove(eain4
(&ea&#a#y. It is o& 4oal $ee* at Lets Tal) Bit#oin* to #eate st&#t&es t$at allo2 Bit#oin*
and all o% its des#endents* to t$ive and 4o2 into t$e sa%e* %ee and %ai invention t$at Satos$i
2ote a(o&t. In my s!ae time* Im also t$e =esident o% Bit#oin =a#)a4in4.
Bit#oin=a#)a4in4.#om ma)es it easy to &se yo& #&en#y o% #$oi#e to !&#$ase m&ndane
!od&#ts. We em!o2e yo& to #$an4e t$e %inan#ial 2old (y s!endin4 yo& (it#oin. W$en
yo& (&y a !od&#t %om Bit#oin=a#)a4in4.#om 2it$ (it#oin* 2e 2ill send yo& a 0/W e(ate
o%% o% t$e aleady lo2 !i#es. Bit#oin=a#)a4in4.#om is a vit&al #om!any 2e $ave no
2ae$o&se* t&#)s o sales !eo!le. Come to o& stoe* ta)e a loo) ao&nd* s!end some (it#oin
and tell yo& %iends. Bit#oin=a#)a4in4.#om. 81:9:0;
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
A%: Lets tal) a(o&t 2$at t$e 2old loo)s li)e in ten yeas. We 2ee tal)in4 2it$ Andeas
and ,e%%ey 2$en t$ey 2ee &! $ee and t$ey 2ee tal)in4 a(o&t t$e 2old o% !ost national
#&en#ies and denationaliAed #&en#ies. T$ey 2ee tal)in4 a(o&t it as i% t$is 2as somet$in4
t$at* !e$a!s* 2as %i%ty yeas o&t (&t* I t$in)* t$at in !a#ti#e 2eve seen t$at 2$en #$an4e
$a!!ens* it tends to $a!!en K&ite %ast. Im #&io&s... yo& )no2... I s&s!e#t yo&ve t$o&4$t
a(o&t t$is. W$at do yo& t$in) $a!!ens i% 2e 2inE 8119/.;
AT: Im not into Mto!ia and st&%%. Im !ast do4ma and Im not eally into ideolo4ies. I t$in)
t$ee is too m&#$ o% t$is la(ellin4 and #ate4oiAin4. I t$in) 2e s$o&ld elevate t$e dis#&ssion
and moe tal)in4 a(o&t val&es and et$i#s. W$at )ind o% val&es do 2e 2ant to !omote in t$e
so#ietyE Its one t$in4 to tal) a(o&t 2e s$o&ld (e li)e t$is* it s$o&ld (e li)e t$at (&t t$e only
2ay t$at !eo!le ae 4oin4 to ado!t t$e t$in4s is i% t$eye (ette t$an 2$at... i% t$e altenatives
ae (ette t$an 2$at is aleady !ovided. T$ats $o2 2e $ave to stat t$in)in4. We $ave to
stat t$in)in4 and (ein4 eso&#e"oiented a(o&t 2$at 2e need. Its one o% t$e (i44est
ta4edies o% o& moden ea t$e 4eat 2aste o% $&man talent t$at 2e #o&ldnt o 2o&ldnt &se.
I% 2e #an some$o2 t$in) to a!!ly t$at t$at !eo!le ae o%ten 2o)in4 in 3o(s o doin4 t$in4s
t$at is a4ainst t$ei sel%"inteest (&t %o money. At some !oint* yo& 4et to yo& li%e and yo&
stat to t$in) OK* $o2 am I 4oin4 to !ay %o t$isE Ho2 am I 4oin4 to $ave t$e $ealt$#ae o
do t$isE To ta)e t$at 2oy a2ay %om !eo!le and t$e !eo!le #an do t$e t$in4s t$at matte and
t$en t$in) Ho2 #an I ma)e t$at s&staina(leE Ho2 #an I &se t$e ma)et o t$e !o2e o%
t$ese tools to 4o2 $o2 I 2ant to see t$e t$in4sE I% 2e 2ee all doin4 t$is to4et$e* t$e moe
o% &s t$ee ae* t$e ston4e 2e ae. H&ndamentally* !eo!le ae 4ood. T$ee ae a lot o% !eo!le
I see $ee today stivin4 %o 4ood t$in4s and loo)in4 %o2ad to t$e %&t&e 2it$ t$e 2ay t$at
t$e t$in4s ae $eadin4 2it$ t$e e5!onentially in#easin4... it doesnt matte 2$at t$e oo% on
t$e eso&#es is (&t t$eye e5!onentially in#easin4 &se o% eso&#es* t$e !o!&lation is
in#easin4* t$e est o% t$e 2old 2ants to also mat#$ o& ene4y &se* #om(ine all t$ese
to4et$e and 2ee 4oin4 to $it t$at oo% soone o late. T$e !oli#e ae (ein4 4iven moe and
moe !o2es evey day. -oe and moe la2s and le4islation t$at t$ey #an &se to... $o2 t$ey
2ant to en%o#e t$ei vision o% t$e 2old. T$e s&veillan#e state is 4ettin4 a(sol&tely
enomo&s. W$en t$e Sno2den evelations %ist #ame o&t* it 2as... 81N9:J;
A%: Isnt t$is 4oodE I mean* %om t$e !es!e#tive o%... yo&e sayin4 t$at t$ese systems #an
only ta)e $old i% t$ey ae so o(vio&sly (ette t$an t$e altenatives t$at 2e $ave (e%oe &s.
Isnt t$at 4ood %om t$e !es!e#tive o% no2* its m&#$ moe li)ely t$at t$ese altenatives 2ill
(e atta#tive elative to nomalE 81N9ON;
AT: T$ats li)e sayin4 2a is 4ood (e#a&se its s!&s innovation. (La&4$te) T$e Sno2den
st&%% #ame o&t and in t$e (e4innin4 it 2as li)e Wo2* t$is is #ool. Ha#)es $ave (een sayin4
t$is %o a lon4 time. I% I #an do2nload a !ie#e o% so%t2ae o%% t$e intenet in a #o&!le o% $o&s
and stat ta#)in4 !eo!les %a#es* yo& #an (et t$at in London* 2it$ all t$e CCTI evey2$ee*
t$at its aleady (ein4 done and lo44ed in massive data(ases. Wit$ evey evelation* it 4ets
moe and moe #aAy... li)e mind"(lo2in4* li)e t$e s#ale o% t$is. T$is is not ta4eted
s&veillan#e* t$is is da4net s&veillan#e* %lyin4 dones ove in entie nei4$(o$oods* entie
#omm&nities o% !eo!le and $avestin4 all o% t$ei #omm&ni#ations and data* lo44in4 N/m
!$one #alls in one mont$ in Han#e alone* R/m in S!ain. T$is is &s&al* yo& )no2. 81J9/:;
A%: A4ain* its t$at al2ays t$e da)est (e%oe t$e da2n sot o% t$in4. In ode %o t$e
altenative to eme4e* a4ain* i% eveyt$in4 2as 4eat* 2$y 2o&ld t$ese systems (e a!!ealin4E
81J900;
AT: T$in4s ae !olaiAin4 a lot moe. Ho a lot o% !eo!le* its 4oin4 to 4et vey* vey (ad. T$e
t$in4 is 2ee in an e#onomi# do2nt&n 2it$ t$e massively (&4eonin4* (&ea&#ati# state
and all t$e ed ta!e. -ean2$ile* %o t$e nomal !eson* t$eye 2o)in4 Q"O doin4 3o(s t$ey
in#easin4ly $ate %o less and less !ay and %o 2$atE Ho a (o5 in t$e #ityE 81J91:;
A%: A4ain* t$is 3&st seems li)e all o% t$ese t$in4s t$at yo&e sayin4* t$ese ae easons 2$y
!eo!le aent invested in t$e #&ent !aadi4m. I% t$ey 2ee s&##ess%&l 2it$ t$ei 3o(* i% t$ey
2ee $a!!y 2it$ t$e !la#e t$at t$ey lived... 81J9OO;
AT: A lot o% !eo!le ae #ontin&in4 to do t$e t$in4s t$e same 2ay and t$ey 2ill #ontin&e.
81Q9//;
A%: W$at ae t$e altenativesE T$is is t$e t$in4 is t$at t$ese !eo!le... any2ays. 81Q9/:;
AT: T$e %&t&e is not 4oin4 to (e li)e a s&dden #as$ o some a!o#aly!se. Its 4oin4 to (e li)e
t$e t$in4s de#linin4 and 4ettin4 a lot moe o!!essive and a lot moe $ade to live 2it$ all
t$e s#a#ity o% t$e eso&#es as 2ell. -ean2$ile* t$ats 2$y 2eve 4ot to !&t o& minds
to4et$e and t$in) OK* $o2 #an 2e (&ild somet$in4 %o t$e %&t&eE We* as %ee !eo!le* #an
s&vive and t$ive and 4o2 as a #&lt&e. Its not only a(o&t ma)in4 t$is !o3e#t o t$at
!o3e#t* (&t a(o&t t$e idea (e#a&se on#e yo& ma)e somet$in4 t$at s$o2s t$at its !ossi(le and
t$at t$e ima4ination is t$ee. Co& do it a #o&!le o% times moe $ee and t$en !eo!le stat to
e!od&#e 2it$ t$e do#&mentation on t$e intenet t$ese ae t$e ste!s yo& need to ta)e. T$en
!eo!le 4o and t$ey stat to e!li#ate it and t$ats $o2 yo& 4o2 as a #&lt&e and ta)e t$e
t$in4s ove. 8O/9/:;
A%: OK* 2e 3&st $ave anot$e #o&!le o% min&tes (&t I 2ant to tal) to yo& a(o&t Li((it#oin.
8O/9/Q;
AT: A$ yea$. 8O/9/Q;
A%: Am I !ono&n#in4 t$at i4$tE 8O/90/;
AT: Cea$* yea$* yea$. 8O/900;
A%: OK* 4eat. Li((it#oin. T$e se#ond time I $ead yo& s!ea) 2as on =lan B s$o2 (a#) in
may(e A&4&st o Se!tem(e and yo& e5!lained t$at yo& 2ee 2o)in4 on li((it#oin* an
altenative im!lementation o% t$e Bit#oin s!e#i%i#ation (e#a&se* i4$t no2* t$e 2old t$at 2e
live in 2it$ only t$e Satos$i #lient as t$e !imay im!lementation is a 2old li)e one 2$ee
yo& only $ave Intenet E5!loe. 8O/9:O;
AT: Cea$* one o% t$e (i44est t$eats to Bit#oin is #entaliAation o% develo!ment. No2* its not
eno&4$ t$at t$e so&#e #ode is o!en so&#e. T$ee ae a lot o% de#isions* dee! do2n on t$e
te#$ni#al level t$at only vey %e2 !eo!le &ndestand* li)e =ete Todd o a $and%&l o% ot$e
!eo!le. W$en yo&e %a#ed 2it$ t$at de#ision (et2een A o B* i% yo& motive is sli4$tly
#o&!ted* may(e yo&e 2o)in4 %o some #o!oation* may(e yo& mi4$t ta)e t$e #$oi#e B
2$i#$ sli4$tly %avos #o!oations ove (la#) ma)ets. Ne5t time* it $a!!ens a4ain and a4ain.
Its not li)e some s&dden (i4 (a#)doo !&t in (y t$e 4ovenment* its t$e s&m o% many small
ste!s t$at slo2ly mo!$ Bit#oin into somet$in4 vey di%%eent %om t$e Bit#oin 2it$ t$e
!in#i!les o% Satos$i en#oded into t$ee. It (e#omes a Lov#oin o a Co!#oin and its no
lon4e sevin4 t$e inteests o% t$e !eo!le " a Bit#oin %o small (&sinesses* %o !ee to !ee
tans%es* %o t$e (la#) ma)et. Its not only a(o&t t$e !oto#ol o #etain #onsens&s
develo!ment de#isions* its also a(o&t %eat&es* a(o&t 2$ee do 2e* as a !eo!le* invest o&
time and ene4ies (e#a&se 3&st li)e t$e intenet* t$ee ae !eo!le 2$o develo! te#$nolo4ies to
ta! !eo!le* to s&veil !eo!le* to #enso !eo!le* to limit !eo!les %eedom. It doesnt even
$ave to #ome %om #o!oations* it #an #ome %om o&selves* %om Bit#oin #o!oations t$at
say We need to !ote#t o& lia(ility* 2e need to !ote#t o& inteests and 4oin4 and
im!lementin4 %eat&es li)e t$e (la#)lists o tian4&lation o% tansa#tions o any n&m(e o%
di%%eent %eat&es t$at 2e #ant %oesee i4$t no2. In t$e %&t&e* t$ee 2ill (e t$at !ess&e and
t$at inetia to develo! t$ose t$in4s. We need !eo!le 2$o ae develo!in4 Bit#oin in t$e s!iit
o 2it$ t$e inte4ity o% 2$at Bit#oin 2as intended %o a tool to seve !eo!le* to seve a
ma)et 2$i#$ em!o2es evey(ody. Its vey im!otant t$at 2e $ave a voi#e in t$at
develo!ment #i#le. Wee not 4oin4 to 4et t$at voi#e (y 4oin4 to t$e Ho&ndation and as)in4
to (e !at o% t$ei inne #i#le. T$e 2ay t$at 2ee 4oin4 to 4et t$e voi#e is (y %o#in4 t$e
iss&e* (y ma)in4 so%t2ae t$ats (ette and t$at !eo!le 2ant to &se. T$e 2ay t$at its 4oin4 to
(e (ette is (y !layin4 on o& sten4t$s. W$at sten4t$s do 2e $aveE We $ave so%t2ae t$at is
eK&ita(le* t$at evey(ody #an &se and t$at evey(ody #an tansa#t 2it$ t$ei anonymity
inta#t* t$at t$ey #an &se #y!to"%eat&es &nen#&m(eed 2it$ one anot$e and t$at is 2$at 2e
$ave to do 2it$ Bit#oin. -ovin4 a2ay %om t$is ima4e o% Bit#oin as a tool to (&y a din) in a
(a* as somet$in4 to ma)e it easie %o yo& to s$o! in t$e s&!ema)et Cea$* Ive 4ot my
i=$one* &sin4 Bit#oin... Im not #iti#iAin4 t$at (&t t$ee is a (i44e eason %o Bit#oin.
Bit#oin (in4s &s ne2 tools t$at 2e #an e5!loit and evey(ody #an &se t$ese tools. We #an
&se it to eally #onst&#t somet$in4 di%%eent t$at $asnt eve (een ima4ined (e%oe !ossi(le
and is (ette t$an 2$at e5ists* li)e t$e #y!to"%eat&es. Wit$ t$e 'a)2allet* 2e 2ant to (in4
t$ese %eat&es o&t to t$e !eo!le %o t$e yo&n4 ente!ene&s* t$e tools o% tade and (&siness o%
t$e %&t&e. It 4oes (eyond 3&st ne2 %inan#e. T$e (lo#)#$ain is an amaAin4 ne2 data"st&#t&e
t$at 2e #an &se and it 4oes into t$in4s a(o&t eso&#e mana4ement. Ho2 #an #omm&nities o
4o&!s o% !eo!le... it &sed to (e t$at 2e $ad small #omm&nities (e%oe (&t no2 2e $ave t$e
te#$nolo4y to lin) &! t$ese #omm&nities and a#t&ally ma)e t$em s#ale on a (i44e level %o
!eo!le to (e a(le to o4aniAe to4et$e on a m&#$ la4e s#ale. Tools o% 4ovenan#e... Ive
s!ent a lot o% time in #omm&nities seein4 $o2 do t$e !eo!le 4oven and ea#$ one $as a
di%%eent #&lt&e 3&st li)e evey o!en so&#e !o3e#t $as a di%%eent #&lt&e. T$ee ae di%%eent
models 2it$ di%%eent tadeo%%s t$at seve di%%eent !eo!le. T$ats t$e !o(lem 2it$ $avin4
one 4ovenment en%o#ed (y one state. -ay(e t$ee #o&ld (e stat &! 4ovenments li)e 2$at
t$e CIC is doin4 in Catal&nya. T$ee ae &sin4 t$e le4al st&#t&e o% a #oo!eative... 8OO9:O;
A%: Let me 4ive yo& a li4$tnin4 K&estion $ee (e#a&se 2ee 3&st a(o&t o&t o% time. Ami
t$is $as (een 4eat. OK* so at t$e (e4innin4 o% t$is #onvesation* I said t$at yo& $ave
ideolo4y t$ats im!otant to yo&. In t$e middle o% t$is #onvesation* yo& told me t$at yo&
dont identi%y 2it$ ideolo4y anymoe and t$at its a(o&t val&es. In less t$an a min&te* #an yo&
ati#&late 2$at yo& t$in) t$e most im!otant val&es ae %o yo&E 8OO9OO;
AT: I $ave a list some2$ee. (La&4$te) I met t$is ,e%% Be2i#) 4&y last ni4$t and $e 2as
tellin4 me a(o&t $is !lan to 4et some A%i#an nation !ay o%% t$e 4ovenment and t$e
!oliti#ians and divide it &! into s$aes and sell t$e #o&nty o&t. I 2as li)e W$at i% some 4&y
(&ys &! $al% t$e #o&nty and $es li)e Well its !ivate !o!ety. I 2as li)e W$o en%o#es
t$at and $e 4oes Co& $ave t$e i4$t to en%o#e t$at. T$at* %o me* is so %&#)ed &!. (La&4$te)
(A!!la&se) Some i#$* 2$ite XXXX (&ys $al% t$e #o&nty* !&ts $is mansion t$ee and says
T$is is my s!a#e 2it$ t$e 4&ns and t$e militay... so* anot$e ma%ia. T$ats not %o me. 8ON91R;
A%: No moe ma%ias. 8ON91J;
AT: No ma%ias* no. Its not a(o&t I 2ant my soveei4nty* XXXX t$e ot$e 4&y. No* its li)e
I 2ant my soveei4nty. We 2ant o& soveei4nty. Im 4oin4 to lin) 2it$ my %iends and do
t$e t$in4s to4et$e. W$at is (ette to live 2it$ yo& %iends 2o)in4 on #ool !o3e#ts 2it$
s2immin4 !ools* a 4ym* (o5in4 4ym* $a#) #l&(* #inema all %o yo&selves and yo& o2n t$e
land to4et$e... li)e a massive s!a#e 2$ee yo& #an $ave (i4 !aties and ni#e 4ils ao&nd and
live %ee and do 2$at yo& 2ant and $ave all yo& %iends #ome and visit yo& " not only 0//
!eo!le* 0/*/// o a million and all $avin4 %&n and (ein4 %ee. T$ats t$e 2ay to live. 8OR9:/;
A%: Ladies and 4entlemen* Ami Taa)i. (A!!la&se) 8OR9::;
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
C,E*.T/:
T$an)s %o listenin4 to E!isode 000 o% Lets Tal) Bit#oin.
Content %o t$is e!isode 2as !ovided (y Bave t$e Wold and CanA2aeness
T$is e!isode 2as edited (y Adam B. Levine
-&si# %o t$is e!isode 2as !ovided (y ,aed >&(ens and t$e (oys %om
Bit#oinsand4avy.#om 2it$ t$ei Ode to Satos$i
T$an)s %o listenin4. 8OJ9/.;