Bisq Talks and Interviews, 8 Oct 2017

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From YouTube: World Crypto Network LIVE from Hacker Congress at Paralelní Polis (Day 3 - Part 2) - Prague, CZ

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A

B

Morning, Bitcoin, it's still Sunday October 8 and we're still at peril. Nz Pulis at the hacker Congress in Prague, Czech Republic and we're joined by Chris from this or--but square, the decentralized Bitcoin exchange how's it going Chris, hey.

C

I'm good yeah, so it's called biscuity days. It used to be called bit square people might be familiar with either name yeah, so so.

B

I hear you made a speech at this hacker Congress. How does that go? What was your speech if.

C

They gave a talk yesterday on a bit about what bisque is right, so it's a decentralized exchange. Here's a close.

B

Close your mouth yeah thanks. It's.

C

A peer-to-peer Bitcoin exchange right, but specifically it's a Bitcoin. You know a crypto fiat exchange really specializes in in in trading Fiat. We do crypto crypto as well, because that's essentially easy once you've solved the hard problem of crypto fiat right. So.

B

It gives up so how do you solve the hard problem of crypto Fiat, because I know a lot of people are using USD teather right now and that's a time bomb and a lot of people. They just hold it in some kind of account that I, don't understand. I know BTC dashi used to offer crypto fiat, but I have no idea how they did it and I don't think anyone else did either so how.

C

Do you guys so there's no magic right? We just deal with the hard problem. Has a hard problem, which is the bisque is a few things right. It's a desktop application, cross-platform, it's a protocol right and it's a peer-to-peer network, but the protocol is what orchestrates, what coordinates the Fiat transfer right. So you know people people open up this. They look, they see, hey! Here's, a here's, a trait that I'd like to take I, want to buy they're selling right.

C

They take that tray and then you know they're already agreeing on how they're gonna settle that payment in fiat right. So it's going to be a bank transfer, okay, pay, sell or something like that or a safe uh transfer Europe. The protocol in the application work together to orchestrate the process of sending that money out of band right through the bank, so the buyer is going to initiate payments, send it to the seller so.

B

You're gonna actually sends the money through Swift or whatever system is that's.

C

The thing right there Zack we're actually completely hands-off from the process other than orchestrating okay, bye, go send money from your bank account or with okay, picker or whatever it is to this address, or this Iban or whatever the payment method is and then click this button in bits. It says: I sent the payment right now. The seller over there with his biz client, sees waiting for payment click. This button, when the payment shows up in your bank, account right so really no magic, and when that button gets pressed by the seller, then a multi-sig.

C

You know two or three multi-state transaction: that's holding the Bitcoin being traded holding security deposits from both traders. Then this orchestrates, both keys coming together by on, saw the keys to sign that multi-sig transaction, send the Bitcoin being traded to me to the buyer right and send the security deposits back to both sides. Okay,.

B

So is it possibly for me to cancel or reverse my bank transaction, so it.

C

Depends on the bank right.

B

C

Depends on the payment method, so, for example, PayPal is not one of the supported payment methods in business because it's way too easy to reverse a payment.

B

Absolutely everyone's had that happen to them. I know: I sold some Bitcoin through PayPal and eBay years ago. Then the guy either was hacked or said he was hacked and PayPal believed him took my money and they have my Bitcoin terrible deal for me on both it exactly.

C

There's a there's, a wiki page on the bitcoin week even goes through the hardness scale of their.

D

E

C

Systems right payment systems, and so so we're only supporting things that are high on that hardness scale. Right, like proven known, it's very, very difficult to reverse. The payment, like you'd, have to prove that something fraudulent happened to reverse the payment. So that's that's the only stuff we support and.

B

We've had zero incidents with that right, so basically, I would get like a confirmation number or something. I would enter that in the software that would go to the other person they look at their bank account. They would have the money exactly.

C

Every this trade has a has a has a trade ID. You know six eight letters it's randomly generated and that that's what has to go in the payment details right and then both sides, buyer and seller, are getting just enough information right. This is all happening over toward right argh. ah It's a bespoke peer-to-peer protocol on top of tour every bits, clients as a tor, hidden service, okay,.

B

So I'm running an application on my home computer, similar like BitTorrent, it's using a network like BitTorrent, but it's using it through tor. So it's secure yeah. It's.

C

Actually, it's actually a network much more like Bitcoin itself. So it's a flood fill gossip protocol where every node gets every. You know trade right, so everybody has a copy of the order book right. So it's a distributed, wrote a book and then bisque is really just serving to match buyers and sellers manually right. No automatic water matching we're not splitting up. Orders are doing anything so educated, it's just hey!

C

There's a trade that I'd like to take or I'd like to you know, make an offer to sell or to buy myself and then, when people take each other's order, it's truly peer-to-peer right. They're only talking you know directly to one another, just write to their onion address right. It's a driver.

D

C

That message is encrypted. It's already on top absorb. That message is encrypted as well to your counterparties. You know, I mean you know: tor public, key right, okay, and it's containing just enough information to initiate that payments and to verify that it's coming from the person you expected so depending on the payment method. Right, if it's a safer transfer, it's gonna have the Iban and probably the person's name, because that's what saver requires so.

B

It actually sends their name. So how anonymous is this version? If I'm gonna buy a hundred dollars a Bitcoin, maybe use it for some questionable purchase? Is this the place to buy it, or is this more savings for just normal people, so.

C

So I think you know I think it's pretty safe to say that we have the most security. So let me just say a bit about the mission of the project right. The mission of the bisque is to provide a secure private censorship. Resistant way of you know exchanging Bitcoin cryptocurrencies for fiat currencies over the Internet right. So you could do all those things like in person shares over the Internet on the privacy side right. You know we define privacy I think like it should be defined.

C

It's your ability to control access to your data right, so the nature of this kind of trade is you're interfacing. With this legacy system that has to know you know, bank accounts and sometimes names sure. So exactly that much information you choose ok, I'm, taking that trade over there right everything. You don't know you don't know anything. You know. People's personal information is not broadcast for these trades you're anonymous on the exchange. Sure until that moment that you need to expose just enough information just to your account to the fair.

B

So that you control who's.

C

Getting access to that so.

B

The counterparty knows the money has been sent, maybe not necessarily where it's from, but he can verify that he can look at his own account. Yes, they be all set. So is this for people getting their first bitcoins or people getting later bitcoins? How do you see this in the Bitcoin ecosystem, yeah.

C

Well, I mean to compare it to like you know: when would people use centralized exchanges right if you're like a heavy trader and so on? You know, day trading, Bitcoin or what-have-you? You wouldn't use this for that right settlements is far slower, sure volume is lower, but it's far more secure a far more private farm or censorship resistant than any centralized exchange by its very nature, right like they just can't compete on that level. So it's answered your question. It's for it's really.

C

The core of the purpose of this is to provide a rock-solid on-ramp and from crypto right into crypto from fiat. Both ways right. There has to be. You know at least one service, that's out there and really rely.

B

On so how would this compare with coinbase coinbase is centralized. This is decentralized. Are you storing less data? Are you storing data for a shorter amount of time, yeah.

C

So so we don't like we're the developers right I'm, a writer of this. We run no centrally controlled servers. There are no databases. There's we record no data. We couldn't. Even if we tried right, the protocol is just designed so that it's impossible so.

B

The government knocks on your door where the server logs there are no server.

C

Logs yeah there's everybody has a disk dot log file on their own node.

D

B

Right so don't go.

D

C

It from everybody who ever used this right, that's.

B

Man and if they deleted it, it's gone or if the dog ate it. Also, that's right. That's right! Yeah! It could be rough. So where is it open source right now or how did you become a bisque developer, yeah.

C

So so I've been involved in the project since pretty close to its inception in 2014 there was a long development period. You know it took two years to develop this. You know building from scratch the peer-to-peer networks, probably.

F

C

Out how we could ride on tour and we went live 18 months ago, April of 2016, so we've been in production for eighteen months, thousands of trades worth millions of dollars; no major incidents, no downtime, no.

B

And no information stored and thousands.

F

Of trades gone, yeah.

D

Yes, yeah, that's fantastic.

B

I think that sounds really interesting. I think a lot of our users would be interested in that. Where can they check out bisque? Where can they learn more so this.

C

Data network is the homepage and, and you know you can get downloads from there and so on. There's our github repository okay, it's fashioned at work on github. Do.

B

You have a Mac PC, Linux versions,.

C

Where it's all built in Java, right, okay, great, it's cross-platform by default! And if you have a minute more I'll talk about sure.

B

That'd be great if we could have more people going in and out the door that would.

C

B

Not distracting to me at all, but I'm really focused, but.

C

I'm going to tell us more about cool, so so, actually, the title that I gave yesterday was how they would strap it down right, and so people probably know watching this doused decentralized autonomous organization used.

B

To be a great word before they ruined it, maybe we can bring it back. That's.

C

Right we're reclaiming the name. Let's.

B

Go as a very least.

C

And so it's actually just yesterday, we we officially launched this. Now, it's been in the thing that works and in the planning for for about a year now, even more carefully designed a token model. So we introduced a token called esq into the bisque ecosystem right and the purpose of the bisque dowel is to is to decentralize the funding and governments of the project technology right. The the application in the peer-to-peer network protocol.

C

That's all properly decentralized, even fully distributed right, it's a distributed network, but the funding right and the governance like we're, making all the decisions right now sheriff.

F

C

Founder and me, and just a few other people are making a decision. That's a big risk for a project like that. Yeah.

B

You can roll back the tape, like the doubt, yeah.

C

Yeah, you know we couldn't do all kinds of bad things we probably won't, but the point is: is that you know we're that's just a vulnerability in the system. If there's only a couple of people right who.

D

C

How it all works and make all the decisions, so we want to decentralize that responsibility and- and today the way the bisque works is that people pay trading fees in Bitcoin, okay, right and those trading fees, both both maker and taker of an offer to pay small amount of Bitcoin and that Bitcoin gets paid directly to arbitrators on the system. So, if you remember I said it's a two of three multi-city, that's great: we put the Bitcoin being traded in and priority deposits. The third key there is an arbitrator's key right.

B

C

Also, an arbitrator so.

B

If something goes wrong, the arbitrator could step in exactly.

C

If there's a blog or there's, you know it's, it's virtually always just a misunderstanding. There's some sort of human protocol violations.

B

A ticket obsession you meant to send 100 something with.

C

Yeah or yeah, the Fiat side gets messed up.

B

C

Then we're just you know, listening to both sides and you know, get screenshots if we need to whatever it is it it just. It always works out. We just really have no bad actors in the system which I, don't think is because everybody is so good hearted, but.

F

C

Actually, the system of incentives and disincentives that we've designed actually work right, and so so with the Dow. What we do is to introduce this token, that has a few utilities in the system. The first one is paying as trading fees right, so people can now pay trading fees. Port will be able to pay trading fees when we, when we flip this switch on right in.

F

C

So that's the first functionality. They pay that at a deeply discounted rate compared to Bitcoin sure. So that's that gives traders an incentive to acquired the SQ in the first place, which of course they can buy on the exchange right. The second thing.

F

Is compensation so.

C

We want to again decentralize the responsibility and you know scale up the network of developers working on this, so the second utility is compensation. People can fix bugs right documentation, whatever it may be, give a talk and then they're eligible to issue what we call submit, what we call a compensation request right, which is you know, just stuff that we're doing over github right now.

C

It will eventually be all kind of on training on chain all based on Bitcoin transactions, but in the meantime, so imaginary, you just fix the bug for us or whatever sure, and you wish you a compensation request. Okay, that's the second! You know utilities you want to get compensated. You want.

D

C

Q, so the third utility is voting right, go all the stakeholders, all the people who have the SQ vote on those compensation requests every month right right and another utility is of course trading itself right. Like I mentioned you can trade esq for US dollars or whatever that's important for contributors, that they need to pay their bills. Yeah.

A

C

And then the and then the last utility is bonding right so for high trust functions and in the system like you know, somebody TNS or running our Twitter handle like they can. They can make a mess of something okay, they have to put up a bsq bond and they can earn interest on that bond, but that bond can be confiscated right. So the.

F

C

Is we've got this multifaceted token, it's a colored coin on top of Bitcoin, not an IC o----, it's not a crowdfunding event. We actually we actually aren't looking for you know a whole bunch. The price of the SQ doesn't matter to us so much. What matters is the ability to spread out the work right. So that's that's the whole design of it. I put up my slides yesterday, so people can find that at c-beams on twitter there's a link to slides and you can walk through the whole thing. All my speaker notes are there.

C

People can check it out and if you like, what you see stay tuned because we're over the next days and weeks we'll be putting out a lot of bounties right. Just like github issues labelled bounty, there will be really well-defined units of work. You can pick it up indicate that you want to work on it. Permissionless League, don't have to ask us right issue a pull request when you we've got something put together and then submit a compensation, request right and start participating the doubt it's a testing phase right now.

C

So then, so we actually issued this bsq on testing. That's what we did yesterday right great. We prohibit trade right now, so you can't buy it. You can't sell it and you can't trade it excellent can only earn it right. You can earn it, you can vote with it and you can use it for this bonding.

C

In that way, we create this kind of ability for ourselves to take a conservative iterative approach to like making sure this thing works and all, and in the meantime, only working with people who hold the SQ because they earned it meritocracy right. How we generated bsq in the first place is that people have donated Bitcoin to the project over time about 25 bitcoins sure since since the project's inception, so we take that 25 Bitcoin and, like I, said it's a colored coin, so we cut that up at the rate of a thousand.

C

Satoshi is / bsq, and just if you do, the math 25 bitcoins turns into 2.5 million bsq. So that's the initial stake and we distribute that to all of the past contributors right. So we put out a you know, a poll, a questionnaire form right, mmm unthe segoe, asking also the.

B

Coded contributors or money contribute.

C

Really anybody who added value to the project and cast it we cast a wide net for that and said, look if you've done and like more than four hours worth of work in any way improving the best network. You know fill out this one generate the vsq address and when we do, the distribution will will compensate you sort of according to the value that you're added right.

C

So it's really a pure meritocracy and we want to keep it that way and that's why we actually prohibit trading of the token until we're ready to go, live on the point main net, but in the mean time that the SQ that people are earning with is being recorded on test net and will reflect that in the main distribution. When we actually do it right nice, so you can think of it as a kind of equity vehicle right. It's almost like an employee stock option right now that can't trade until the company goes public yeah.

B

Yeah you want to keep it locked s, yes, one of them all right. So that's great, so you actually created a utility token that has utility not necessarily an ICO where someday it'll be useful right yeah. It should.

C

Be pretty useful from day one well.

B

That's great and people can check it out. A B is Q dot network. That's right, yeah.

C

B

Right thanks so much Chris for being on the show and next guest we've got uh Felix here. The Bitcoin traveler like five minutes of Felix, then we'll do your.

D

B

A

Do fun nights come.

B

A

G

B

Have you traveled the world on Bitcoin, and now you ended up on this red couch? How.

G

Did that happen, I made it on the back dog casting couch. Finally, so I yeah, my my background, is I'm a programmer. You discovered the code a couple years ago now and in 2015 after the connect to decline for I, think the whole year of 2014. We own.

B

After the fall yeah after the fall.

G

And everybody was telling me, but Khan is dead, nobody uses Bitcoin, it's a failed experiment. Sure but I knew.

D

G

Wasn't true because I was using it at least like once a week in Berlin for paying my burgers at room, 77 yeah you've been there not.

B

Yeah I tried I was around the corner at favor loft. Oh, it was closed on Monday. Oh, you, ain't, no yeah.

G

Yeah, oh, that's great yeah! That's a couple bars and the restaurants than mill in Ithaca now so I was using it and I felt like. If this wants to be like a global currency, it should be possible to like it global traveling right soon. Maybe make this whole digital Nomad thing a real thing without relying on banks, credit cards, anything so so.

B

You travel the world spending only Bitcoin. Where did you go I.

G

Original idea was to unite 65 days, solid to Berlin, Wow and 21 countries; okay, for obvious reasons, 21 and eventually.

D

It was lower so.

G

I was only at country number 17 on my anniversary, that was actually on Yom Island yeah, the island in the Pacific, where you have the rice, the ones like some people will know that, like its biggest money in the world, oh.

B

Wow, it's like hard to carry.

G

Around yeah very hot around: that's why they did they just like have their own dog training, but I just put it on the island, and then they remember who owns what that's.

B

A permanent blockchain, what he's locked it? What so is.

G

Belong to which person island and they just move it like in their minds, and so if there's a dispute and but the coins don't move actually like the fitness, they don't move physically. So.

B

You made it around the world. You managed to spend only Bitcoin, it's following several rules. What are you working on now? What's coming next for Felix, the Bitcoin traveler, yes, I'm.

G

Right now in Hong, Kong I came all the way here from.

B

G

It's it's really great. I can recommend coming next year and because it's it's it's it's really a blast, see all the cool people here and they love talking to them, and the talks are great and also talking on the party with all the people. It's really amazing, I'm working on also jet lightning talk on something called Borman Korn's, it's just the hobby project where I'm analyzing, the you take subsets and look at like how active are coins being used and, like so they're dormant.

G

Let's say if, if you use a Bitcoin, if you, if you transfer a bit country paper wallet and you don't use it for like three years, I consider the dormant coin. So because that's not moving on the blockchain, it still exists. Sure it's not moving right and I mean doing analysis on different block chains and how active is continues because you can easily fake traffic or create fake transactions as small as you want sure. It doesn't mean anything like a big big cash credit like 8 megabyte box for copy.

B

Says same money over there is a moving in and out so.

G

Finding better metrics to measure actual usage of block chains like on change one's actions, that's what I mean working on, but it's just a hobby project. Alright,.

B

And where, where can people learn more about that and your travels yeah.

G

I think you can follow me on twitter if you like, at Fiat, spice and I have a github repo, where I something publish, often first of all, these crypts. Where I generate these statistics, they will all be open-source. Hopefully, when I finish this, hopefully before the end of the year, and hopefully we'll write not post about it all.

B

Right well thanks! So much for your smiling show, accelerate.

D

B

So quick, our next guys has to speak before she goes.

B

A

B

A

B

We have a Verity at a Bitcoin convention. It's a girl, how's it going on. What's your neighbor.

H

What do you do recently call myself a general sexuality influencers that I do so many things all.

B

Right, I'm, not even gonna, look at the chat and see what they say and make sure your microphone.

F

D

To your mouth, the compromise and loud because I'm, probably gonna out.

B

Talk you gotcha.

H

B

You're, a general sex therapist now and you're, focusing on geek issues well,.

H

I, don't know about peak issues, grants that I might help a few geeks out speaking.

B

To our audience, yeah so.

H

I even I got invited to the conference because I'm really good friends with one of the cofounders of the Institute, and we had a lot of conversations about I guess you could call it sexuality, anarchy or sex anarchy relationship and our key. It's like how do you, basically the system in these areas.

B

H

The kinds of ways, so we had a lot of conversation. He said you know what I really would like to invite you to speak it at the Congress and and bring sex to all the nerds and I said absolutely. It sounds.

B

Like a lot of work, though, I'm down.

H

I'm down for the challenge, it's been an interesting few days. I will say that, but it's but it's great right. Everybody you're either thinking about it or you're doing it or you wish. You were doing it like everything you got here because of it like sex is a part of all of our lives. Sure.

D

H

Just talk about it, a lot alright.

B

Owens gonna ask you.

A

A question: okay,.

H

A

You've recently started speaking about this publicly to a larger group of people as opposed to working one-on-one or it's more Consulting. So how do you compare and contrast the two? What do you really want to do with I love.

H

This question I love this question so when I originally started doing what I do it was through a blog and I wasn't really ready and from the deep south in Louisiana and I.

B

Can tell by your accent it's incredibly strong wise? Yes, oh it's.

H

Just--See, just every now and then you'll hear y'all come out, but but so I was kind of hiding behind my blog and then eventually it got so much attention that I stopped doing that and and so I'm out everyone, but basically I kind of got this community of people that started to follow and kind of hang on everything that I said and did- and it was after that that things progressed to where everything that I do now is community based.

H

That's what I want I want people to start talking about the things that they should be talking about, that they want to talk about that they have lots of questions about, but they feel that they can't I want to give an environment for people to be able to talk about sex in a non-sexual way. So they actually feel heard and seen and get their questions answered. Okay,.

B

So, what's the number one issue that we should be talking about, that we're not talking about well.

A

Sex goes it might, there might be a similar question to what I was gonna ask as we mentioned it earlier and I would love to know the answer you mentioned that the government is oppressing people in their sexuality. I would love to hear more about that. Oh.

H

Yeah yeah I go off on a tangent every now and then but yeah sexually repressed. People are not sane individuals and the laws regarding sex, sexuality and sex expression yeah. That makes us all very angry. It prevents us from being the best versions of ourselves. So no matter no matter what so. This is where it transcends. As far as the geek world and well I had a shirt on yesterday that said sex geek. So when I certain I, don't feel I mean it's geeky as well.

H

You know, but, but basically, if this is where it'll transcend, is that people who do this as their world? This is what they do. I mean if you're not expressing yourself sexually, then how successful are you? How clear is your mind? How far can you really go if you're not expressing, and especially, if you're, not doing it so please get from behind your computer and go? Do it well.

B

We are at a convention mainly filled with men, so I'm not sure how doing it would work out. But what should they do there? The repress there behind their computer there in IRC they're typing desperately horrible things in our chat that I can't even look at.

A

What should they do, obviously stop a horrible typing, but what's the best advice you can give for someone that doesn't have the confidence to approach? You know women that they don't know or they're uncomfortable we're not talking about like not alpha men. What's the best advice you can give them and.

H

I thought you just generalized everybody.

H

A

Females, you know, I do.

H

Everybody's an alpha depending on the company right.

D

H

An alpha 12 company.

F

H

You know what I mean so I would say, get really clear on what you actually want. What you actually desire and acknowledge acknowledge your sex to begin with, make it a priority. It should be a priority and healthy communication about a healthy expression of it. That's going to make you allow for you to have a general better life. I should say so, get really clear on what you want. That's kind of hard puns are always intended.

B

To say anything.

D

Don't look at me yeah.

H

You know when people work with me: it's like I have to I have to work with them to figure out what they really want to begin with. So that's the general exploration kind of process, so working with me, one on one, is usually it involves a bit of meditate I asked lots of questions about what you might be into what you think you could want and then navigate that mentally, so that you have an idea of the plan of action.

H

You can put basically a plan of action together so that when you go up into the world, where there's people that you might want to do it with, then you know how to communicate, and you know how to not be creepy, and you know how consent operates in actuality versus you know, fantasy.

B

H

A

B

Do we have a lot of consensus protocols and I recently started a book reading a book called how not to marry the wrong person and just in the beginning of the books by the School of Life SWAT, to speak in their British accent, but they say many of us want someone to meet who's, fun and fun to be with. But what do these things mean? What we really need is to find a weirdo who complements us.

D

B

Who's, just as strange as we are because everyone in the world is a weirdo, would.

H

B

With that advice from the school of life, 100.

H

Per school of life, it's called the school of life, they're.

B

Pretty serious about their work, I had a coffee shop, I had to buy all their books. Despite my notebook buying in Europe policy, which I failed all.

H

That, because of luggage, yes.

B

It's so heavy I already left them on a shelf in Amsterdam, but I'm going back soon to get my books. I have a library in Europe now yeah.

H

I said that you know so many people think that they have to be a certain way. They have to be this particular version of themselves. That way, another person will want to be with them or want to sleep with them or once a them around. But the truth of the matter is that you can only put up that facade for so long before it completely crumbles, and then that person is like you know or or they wind up having something that come out of their mouth, like I, hate, Star, Wars or whatever.

D

B

H

To put that on like, but not geek, here I'm, not this or I'm, not that.

B

It makes you nervous right, you're constantly keeping up. This is a song. What, if you value what it finds out.

H

B

The action figures yeah.

H

Absolutely so say the same thing with your sexuality as well like for me, I'm in a conversation which I have no idea. What comments are gonna happen after I say all this, but.

B

The nightmare in some of these words, you can't say on TV, no, not that one either.

H

But you have to you, have to state your your weirdness very early on and when it comes to your sexual preferences, I'd say get into those kind of quickly too, because you don't want to freak someone the out later, and you also don't want to wind up finding someone who will actually get naked with you and then you're stuck only doing it one kind of way because you're afraid or you never express it from the beginning. So you have to be I. Do.

B

See Peter Todd raising his hands? No robot sex dolls. Don't mention the robots. Okay, you needed to know.

A

D

A

Gonna get into that topic. What's your view on it's coming very soon,.

A

Especially out of Japan very.

H

A

Becoming very lifelike and we're probably about five years away if.

B

They say yes, you.

H

Can buy them now they're between six and eight thousand US dollars convert.

B

That into Bitcoin do your own math at home. So.

H

And that's why I threw out the US dollar because I you.

B

Know you pay an x1 on.

A

The quarter for what do you? What's your view on? That's my opinion, I.

H

B

Might be replaced what.

H

If there really be replaced, I think I will do what I need to do in order to not be replaced. If you want to a golf.

F

H

You want human sex than you have human sex, that is for lack of connection. This is for connection, so it has its own spot. In this conversation on its own. Do.

B

You think you'll be a therapeutic or is it more of a lifestyle, probably.

H

Both for some people, it will be a lifestyle and for some people it would be therapeutic. I mean at this point, like sexual surrogacy. There's people that physically can't have sex like I mean in the same way that I might have.

I

Your automobiles don't say that I.

D

H

Do you I mean I'm sure you that you understand what I'm saying it's like what is their their outlet? Then everyone deserves to have an outlet. You know we are these genius creatures now putting these things together. So so.

A

I'm already thinking a little bit further I. Would it be considered cheating I'm your maid? If you are doing it with a robot that.

H

Is all so when you asked me about government suppression and all of those things that I think of those things too, you know you can lose your family and everything if there's like an infidelity in certain states, it's like your entire family can be taken away from you if you express your sexuality in that regard, that's outside of your marriage or whatever so I think about whatever your morals and ethics were when you were growing up right, I grew up in the deep south in Louisiana Catholic, so every is considered yeah.

B

You still have to sit through Mass every Sunday, even though they repeat the same program. Every year, Jesus.

H

Yes, so it was whenever actually the books exit, Dodge I'm obsessed with sex at dawn in several other books in this particular genre, so to speak, it was. It was through that book that I wound up saying, like I'd, no longer have no longer going to do this. Okay,.

B

I look about other than sex in the morning. Well,.

H

It isn't even really about sex in the morning using.

B

H

um Modern relation, how why we mate how we stray and what it means for modern relationships. So it was, it was a really big one. It just was one of those books that it was like, as I was reading and I just.

I

There was a really big one: okay, it was a big.

B

H

B

Long, that's a long time sting tantric, meditation, possible yeah, maybe yeah.

H

B

If it happens, call it dr. Lincoln is for eight four hours.

D

H

I just kept thinking like I can't I can't live like people have been lying to me. That's what I kept thinking they've been lying to me. My whole damn life about the sex thing about this relationship thing about love, this religious story, they've been lying, and so thank goodness at that time, I had traveled a lot and I've seen a lot of things and experienced I was gonna, say, experienced a lot of people.

D

Relationships rather.

H

That I was able to kind of wade through that alright.

A

So looks ah you have a presentation to go to and I.

H

Talked about sexual deviancy, let's.

A

Close it out on this note, so as we all learn, you are Bitcoin virgin when you came to this event, actually.

H

Rather, daring virgin I'm not the biggest fan unless.

A

H

Talking about olive oil so tell me so.

A

How was your first Bitcoin experience? You were there, it.

H

Was magical to me so I can get up. I was like a wallet. I know. This is really sad to admit all of this on there, but I mean I. Think I think that I think that I.

D

Don't want about enough people.

H

To help me on this journey, I'll help you with your understanding, your sexuality kind of journey, and you guys with.

A

My Bitcoin, how many have offered to help you with your.

B

H

A

H

So I don't know it's been. It's been very interesting. I've actually had a lot of conversations about consensual non-monogamy people who travel a lot, have wives or girlfriends in different locations and well I. Guess it's because my first talk was about liberation within relationship structures. Now I'm going to talk about kink and BDSM and all of those things we're.

A

Assuming the wrong presentations in.

H

A

Wrong field here, no.

H

A

Toth who's gonna come on next, oh man boring I.

H

Think if you spend a lot of time behind a keyboard, lord knows what you are jacking off to. So it's like how.

B

Do I are you to look at the children? How do you.

H

Go about expressing that in real life in a healthy way, you know: there's outlets, there's, definitely healthy outlet so and.

B

Where can people learn more about your work? He's still blogging. Yes,.

H

The violet butterfly Tom all.

B

Right I saw the butterfly.

A

H

A

We'll put your contact information in the video description and these presentations are recorded, so please check out Alexis presentation, probably in the week or so when it goes public. Well, try and tweet it out.

B

Thank you so much Alexa for being on the show.

B

And now I'd like to talk about my back I just bought this bag and it's incredible it's upside down, but it's got Bitcoin litecoin, some kind of diamond shaped logo I'm not familiar with, maybe something you've heard of it, but this bag, which also has a laptop sleeve inside it folds in half, looks great on your arm. This is the world's first bag. That's on the blockchain I was included a QR code with a unique identifier for this bag.

B

Here it is not going to show it so I want you to steal my bag, but this is a cryptographically owned and proven bag I'll soon be registering it and if you want to steal, you'll, have to steal my key and transfer ownership of this bag on the blockchain. So let's check that out the Bitcoin bag only going here at Carowinds ebolas, but now we have a new guest who needs no introduction, but we'll introduce him anyway. Here's.

B

So jr. my brother from another mother, we're twins, as we discussed last night, welcome to the show thank.

J

B

Sure to talk really close to the microphone and talk really loud, so you can out project even me. Oh.

J

Do it again, alright,.

B

So we've got Peter Todd the contrarian. Let's start with the hardest questions. First, let's go right to it. We were both at JJ's presentation at the breaking Bitcoin conference in Paris and, as you all know, JJ won the conference he broke Bitcoin. He did it on stage. He wasn't supposed to. He told the organizers he wouldn't Elizabeth. Stark asked him questions before you. She was very physically and verbally upset.

B

She was mad she's, one of the organizers and she felt lied to, but JJ overloaded, a node by sending it too much traffic filling its RAM, a node crashed. This could crash many other notes. He kind of said three out of the four implementations: how to fix, fix, hadn't, been deployed yet and I think you started asking about industry standards. So what are the industry standards for disclosing vulnerabilities?

B

What should JJ have done? What did he do? Well.

J

You know I think actually the industry standards aren't necessary. The interesting thing there right, like what I kind of asked JJ was. Essentially you know going through I mean you just closed it to you know. When you went and told people I will go disclose it later. I will give you time to fix that excedrin.

I

J

Know obviously you're saying I'm Preston I mean he was saying well, I will go work with you, it's get a fix out and so that what I do disclose, which you know should happen at some point sure the network isn't vulnerable. Now. What JJ didn't seem to know was that Bitcoin core was already aware of that problem and had already I mean the reason why we rewrote that database was to fix that issue. Sure.

A

J

That was all well in the process and his timing was but interesting because it was right before he knew that version 15, which had the fix, would get released. Sure version.

B

15, which also knocked all the segue to X nodes off the network until another questionable thing happened. That's.

J

The we should get into that as well, because that's not quite an accurate way to put it right, but you know so from point of view. Jj I mean for him to do that. Disclosure in that way. It's very obvious. A political.

B

Bit of a pitch at the end of the speech that.

D

B

Shouldn't have a centralized block stream, core development team, so I said it wrong. Bitcoin core development team. Everyone gets mad if I say wrong, but uh yeah I said no centralized. He wanted four or five teams working on it. He seems to think that's the current better model which.

J

I mean that the fact that multiple of those decentralized eames that do exist, we're vulnerable to this same problem goes to show that you know RiRi influencing stuff is not magical fix and, in fact the nature of consensus systems is a consensus system only works in consensus. If there are questions about whether or not the network is in consensus, are you going to accept bitcoins? Of course not you'd be crazy, yeah. This is why on aetherium, which does have multiple implementations every time that there's a consensus failure.

J

The first thing that changes do is hit that big red button and immediately.

D

Shut everything yeah yeah, you.

I

J

Sorry, but that's not a scenario, we're having multiple invitations made, something more reliable. It makes it less reliable, kissing or look. You know more ways that it can go fail sure. Similarly, even if you try to run multiple ones at the same time, you know try to average them out or something well. I'm gonna pick a different set of consensus systems and you will- and so my one will fail in different ways than your system will search, means that, from the point of view that guy's trying to fix it now they have it.

J

You know N squared, more positive problems. We have possible ways. This could all fail. You know so I'm sorry, but the reality is for the type of system. That McClane is adding. That kind of redundancy does not help. You know, and this is seen in experience elsewhere, and we have NASA software standards where they try to do this exact same concept, multiple implementations to go and say control the flight software right. Let's shuttle or something sure in the reality is even in their case where they don't need consensus.

J

They still find that they can't get more reliability to the same extent than they expected other.

B

Misses this sounds like the same kind of NASA system that sent one of our Mars Rosa Rovers underground. They didn't convert the units and the rover did exactly what it was told to do and plummet it into the earth because of a meters tomorrow.

J

Ground is a very nice way to look at that, but by underground we should really say it turned into a smear of molten, vaporized metal. The moment it hit Mart in fact, to be on to be exact. What actually happens it hit the atmosphere, never end up in Bacchus here this.

B

F

Yeah I mean even unit.

J

Mars, it's not a pure vacuum so when you've hit it at that speeds that 1% of Earth's atmosphere, millions.

B

Of dollars, vaporized yeah yeah.

J

Turned into shooting stars a tragic.

B

J

Yeah and again, that's the exact kind of thing like even if you're, multiple mutations end up making the same mistake and the persisted you bucking that just gets harder now.

D

J

Think the interesting thing about JJ is not that kind of issue. It's more that he lied. He lied repeatedly. You know he lied about Bitcoin ABC, having a thinks Oh, Pat, Quinn, ABC I mean they fixed it. You know, after only a couple days after announcing a J. Where did they get that fix of Bitcoin core yeah yeah? They didn't develop, that fix and I'm sorry, but making that type of claim is like.

D

J

Know the nicest possible thing he says is flying by the mission and that's stole I'm sure it is the same thing as he said, be you know, v2x chef garces employ tation head and fix. You know they had again that got it from bitcoin core when they did fix it and eat it and merge it. At that point. Sorry, they just did never thinks and ultimately it's pretty.

D

Clear, the guy.

J

Was doing political maneuvering to try to discredit other implications now.

D

C

J

They were bothered running it, be coy JJ's deportation, but from what I hear doesn't actually work that well and its uses up the ton of RAM and crashes, often so I'm sorry.

B

But my problem.

D

To what he was presenting.

B

J

And I think chances are the only reason we haven't heard more stuff about. This is because no one really cared was implementation now that he set itself up as a pariah as a target. They'll get a lot of pissed-off people, probably looking at his code and given he's not willing to do responsible disclosure. Some of those people will probably not for him now, I'm sure, like some say, Gregor Maxwell will still respond. Speedix close to them. I mean he's above these kind of shoes, sure, but don't piss off like a world full of hackers. No.

B

No I already felt that just the other day we had a master man on and on the little question about wearing a mask in public. You know I'm, either being private or being public kind of guy, but I didn't want to piss off that masked man. I know it's a mystery where Peter go, but still they have the thing and that's what they're into, but the other thing about JJ's presentation is it brought up the possibility of other butterflies to reference. The previous talk, butterflies and there's other coins that are based on Bitcoin.

B

That could have the same vulnerability and did JJ inform them. Did we even list them I didn't know where to start, but there are certainly copies of Bitcoin that could be affected by the same thing right. We.

J

Know you did yeah I mean and frankly like within Bitcoin core, it's a big issue, because there's this endless list of coins in where do you draw the line yeah also even just closing it to other coins? It's problematic. um They.

B

Can attack each other yeah.

J

On they could attack Bitcoin to that mystical is prematurely and I know with Mineiro. They recently had a major issue of leave. It allowed you to counterfeit coins and the way they fixed. This was they deployed a first woman, arrow got out of network and once they were protected so all of a secret, then.

D

J

Told the Monaro clones that they knew of hey, we fix this issue, you better fix it as well. You know here's the deadline and, as far.

F

As I know, everyone.

J

That they, you know we're able to go through this process with, did fix it in time so and.

B

Now, just just to compare this to other security vulnerabilities I know, there's a in generally software, there's kind of a question: should you tell everyone? How long should you wait? Maybe you told Microsoft, but they won't fix it. So you make a website or something like heartbleed bug comes out. It's so big. They don't know how to fix it. Where do you stand on this? Should people expose Rohnert abilities to the public, or should they try to work with the companies? I mean.

J

I think it's a case-by-case basis, yeah, and this is why it's part of why I say interesting thing to this. Jj situation is not the disclosure yeah head, JJ gone from the starts that I'm just gonna disclose it's immediately. I mean I might not think in that particular case. Did.

D

J

Thing but I wouldn't say that in general, he's done the wrong thing, because.

B

Like you disclosed immediately, your goal is obviously to get the fix as soon as possible. Everyone freaks out, they drop what they're doing they fix it. The other option is to wait so JJ waited it.

J

And the main thing is just you know, be consistent and don't lie to people. If you tell people I'm gonna go wait, you should actually wait or their minimum at least ask them before you do a presentation. Yeah in some cases, I mean disclosure right away. It makes a lot of sense as an example when that backdoor was founded bit main part. Where reality is, we knew it was backdoor and I. Think.

B

You know intentional backdoor, maybe to control the minors or for people that have a lot of minors. It was a control mechanism, but from the outside it could also be a control mechanism right in.

J

In the case of that back door and I would I was informed by the intention to go and disclose this, and you know if I remember correctly, when things I said to the people behind this was well, you know: do we have a way for people to patch this issue and the reality was yes, it was like a one line: firewall could fake a change and.

B

J

Fix it immediately, you know, is this easier.

B

For the minors to implement their firewall.

J

B

And then now you can't control their minors, remote yeah. You.

J

Know so I think in that particular case, I felt comfortable, saying, yeah, put up a website and get it disclosed and get people to fix it right away. Sure in the case of this Bitcoin issue, it required a fundamental redesign of the databases. Work. That's why it took many months for a Bitcoin core to get a fix that because, since no one was saying they were good to disclose it, you might as well go through the testing process is.

B

Your job on this, and that does seem to be one of the tenets of the the Bitcoin core team- is that they always do the testing and they always take the extra time because, like many have said, it's like fixing an airplane while it's flying and if you make a mistake, the airplane could go down and you know at first it was millions of dollars of people's money. And now maybe it's billions of dollars of people's money. It's the pressure keeps rising in is going to keep rising in the future.

B

If the price of Bitcoin keeps going up, that's absolute truth, so also at breaking Bitcoin, you gave a speech and I only caught the end of it, but it was one of my favorite topics and it's in my head to go back and watch the livestream later, but I'm just so busy these days going country to country. But you talked about the potential for space aliens to mine Bitcoin, maybe to disrupt the network, maybe just to make some sweet profit in space. Maybe some solar panels tell us more about your talk. Well,.

J

I mean where you say, space aliens. They.

B

Could be humans on in space? Well, oh, let's.

J

Face the most likely type of space, alien we're talking about is a type that Trump is building a wall to keep out the.

B

Illegal aliens, so if they give it up an element, Elon Musk takes him into space. Could they mind Bitcoin fast well, cuz I, send it from Mars I.

J

Mean that talk ball femur site. It was really about finding a way to go: teach the math behind walk propagation.

D

J

How this very counterintuitive thing effect works where, if I'm a miner in my internet connection, is slower than the rest of network, that harms me usually right now,.

B

Some people I think I talked to you before. When we were talking about scaling, Bitcoin I was really excited. We were talking about the Great Firewall of China and then, if you were behind the network there, it would be like playing doom or quake with an advantage. Those servers could run better than the servers on the other side. Is it similar to that in space yeah.

J

So that's absolutely your example. Where I mean, let's, let's suppose, we're all in a big quake, deathmatch sure.

B

And and I'm gonna win.

J

Yeah and it's a decentralized quake deathmatch, so there's no central server right and it's the majority of the people in our quake deathmatch are within the same light-cone if you will, within the same lowly inci area. Okay, those people have an advantage over the people who aren't in that area right.

J

Well, if you go join in and you are in a highlight in a particular case- he's not as crazy as you might think, whereas, let's suppose you do have the space sword, you know you have solar panels or something like that up in space collecting power. How do you get the power back down to earth? Well, one way: is you use a bunch of crazy microwaves or lasers, or god knows what so.

D

J

Or you could just put some Bitcoin miners up there attach.

B

Them to the solar panels, a quick satellite, it's going around yeah and.

J

Then you're not beaming a power back, but you're beaming the money back fantastic. Now the issue with that that is well. The space is big. If I'm gonna put much solar panels up in space, do I want to do that Earth's orbit, but I wanted to be closer to the Sun.

J

Potentially the way the physics works is maybe I want it really close to the Sun. It's getting the maximum mode of sunlight, obvious.

B

Problems aside, heavy gravity, heavy Heat well.

J

I mean we and I actually brought this up in my talk like all right, how close the Sun might you get well I, just looked up on the NASA page, what's the satellite that's closest to the Sun and picked a number saying? Let's assume that's true right! Well, the problem is that yeah that distance from us to that satellite would be multiple minutes right from the speed of light.

J

Well, if one or two miners set up a shop there, they are the ones that are disadvantaged, but the moments of majority does suddenly all a bit coin. Flips in there are the guys that that's where the consensus is in orbit or have the Sun we're not in the consensus, so.

B

The solar Bitcoin miners could essentially take control of the network, but wouldn't we be able to build faster chips here on earth and maybe take it back? I'd.

J

Have to keep launching satellites: where do you think we got the chips in the first place? Probably earth, probably.

B

I mean we build faster.

J

Chips on earth- that's.

B

F

B

Him and you know, put.

J

Him up the mirror so.

B

You know son someone like Elon Musk has his own rocket love space, maybe Jeff.

J

Bezos, it's just a it's a fundamental issue and it I mean part of my talk had the line in it, which I think a lot of people. They took a little too seriously yeah the irony of decentralized consensus systems is they have to be centralized to work.

B

J

By centralized, I mean centralized in the same solar system we're seeing planet as you people tended to take it a little more sexualize than that, but yeah. It is true, I mean if you're in consensus by definition, means we can communicate in a reasonably fast time sure and because the speed of light is fixed. That means we must be relatively close to each other. Now by relatively maybe we're talking the same orbit. But if you ask a stronger, that's pretty close yeah.

B

That's pretty close as opposed to a hold galaxy away or even further yeah. Well, I was a really interesting talk and then so we survived the be cash fork. It went off with replay protection, so in that way they did a good thing. It was a solid. Unfortunately, it had the same address space as Bitcoin. So now fusion, you could send your beat cache. You can send your Bitcoin in the same addresses which.

J

It pays spearheading an effort fix by the way. That's.

B

Excellent I mean what are they gonna, maybe upgrade be cash to change the namespace or what's this I.

J

Mean like the fix is pretty simple: there have been a new address format, which is exactly the same as old address format, but with a version number change. Okay,.

A

J

Remember quickly, the addresses are going to start with the CD I think all.

B

Right, that's that's!.

J

Enough to fix the problem and.

B

And if you call them Bitcoin cash they're, fine with it, but if you call them be cash, it's a slur, so love to be cash. We'll have to keep working with that I know so that one went off fine. It had replay protection, but now, once again, there's another fork on the horizon: the segment to export the New York agreement. They made a deal, they have to stick with it and they need double the block size. Even though the mempool is empty and segment transactions are cheaper for.

J

The record, by the way, I just made a deal and take your.

D

J

B

Done I've got you big. This is a bad deal. What.

J

About my blockchain, how are you urinating on my deal? Was I? Take your bag and I'll continue this interview because I didn't.

B

Agree with this deal so so this is the same deal with Segway 2x. Well,.

J

Yeah I also agreed that some I'm gonna deploy this thing called P, 2, X, Peters, 2, X coin right. All right and half the coins go to me that.

B

Sounds perfectly fair, yeah.

J

Yeah, the other half goes to miners and then you guys get nothing so.

B

You think that the New York agreement is just making up their own rules at this point. Yeah.

J

And I mean if I were in if I were a miner, I could make up my own rules. Sure that sounds like good idea, yeah. So.

B

Are you on the page where maybe be cash? Was the miners trying to take control of the network and now we're seeing the corporation's try to take control the network.

J

Oh, probably both this time I mean corporations want control. Some corporations, I should add, not all of them sure somewhat control and miners they're willing to share that control and and I like one well. My talk earlier today here at HGTV, someone asked me what I thought b2x and if I want answers well, honey. Why don't we put this audience who's willing to go by my b2x tokens and I if I say about no hands no hand.

B

You were offering a one-to-one trade Bitcoin for v2x. You.

J

Know I should have done like declining for us yeah duck talks into running. It's colliding pricing.

D

That price would be, but.

J

I mean come on, surely I could have a soul at least one to some guy, once at hey, I bought Peter, Todd's b2x, probably.

B

Worth more because they were yours, yeah.

J

Yeah like that, but in eating it I couldn't get any, and you know if I were in like brought your ears position and I thought each hooks was gonna, be a real thing. Surely I try to go push this thing, West, saying hey, let's actually make a market this. After all, the BitFenix price is all well and good, but you've gotta trust BitFenix, and we.

B

Know I can exchange that it printed their own debt token and then sold them for like 10 cents on the dollar, or something like that. It was a little fishy. Well.

J

I mean that's another issue, all the point of the alternative. There was bankruptcy and you lose everything. It was essentially uh so.

B

Kudos yeah look.

D

B

D

J

Will say it wasn't crazy at.

B

Least it worked yeah, it wasn't yeah yeah, but.

J

You know I the person putting there I mean people aren't willing to go by a token, then chances are it's not worth much and, more importantly, saying that's Bitcoin. When the market is obviously said, it's not worth as much as Bitcoin. That's straight upfront and.

B

I think you said that news speech and we were talking earlier today how Roger said on github that Bitcoin calm would be listing b2x as Bitcoin with the ticker symbol, BTC and just in your talk, I have the quote here: I wrote it down, you said I'm, sorry to say, but disguising b2x to something else is fraud. It's making fraud possible I thought that was wonderful. You.

J

Said it better than I, did you.

B

Have to slow down it's about the intonation, it's.

J

About the intonation, that's it yeah, so part of my discussion. There was how the fact that it looks like they made me committing fraud on this contributes their problem of getting developers if I'm a developer and I'm kind of a handsy who's, not really that courageous, ready.

B

The girls gone, you can say it, it's fine.

J

Yeah I'm, just like this softshell twin but yeah I'll, go look at me a sec and FB I. Think if I really want to be doing things that look pretty fraudulent, having my name on it by developing this B excellent, you know many people just keep working on court and that is certainly I. Don't think. The only reason why there's no v2x developers but I'm sure it's one of the con contributing factors, and it's probably fourth or fifth, on the list, because you know we're all courageous manly men who go ride, horseback shirtless.

B

She might watch this later so yeah, that's that's plan.

J

Yeah yeah yeah yeah, it's like it's she's, so many things wrong with the v2x project and.

B

And certainly it's worth mentioning Matt Correll Oh bloom at his letter to the SEC about one of these ETFs. He said the ETF who again there's a lot of questions about these.

B

The wincle by ETF was making the price holding the coins selling the coins a lot of one hand in the pie here and what blue matt said is he said that he was concerned that the ETF could recognize the other version of Bitcoin then sell all of their Bitcoin core buying a bunch of bits flying 2x, driving up the price and suddenly you're holding an ETF ticket that you thought was one Bitcoin and suddenly it's one be 2x or one beat one of these other Forks down the line you.

J

Know Matt Correll. Oh, he got a lot of for people before saying that you know you're, not a cypherpunk, cetera, et cetera, I'm. Sorry, but that's just common sense. Consumer protection! Absolutely you know I mean you can be a cyber Punk as you want, but part of my view being a cyber Punk is that people choose not to be I'm. Okay with that. Well.

B

I can't call the statist all the time you mentioned consumer protection. One of my idols is Ralph Nader, who brought us seatbelts and airbags and consumer protection for for a while, before the recent administration, we even had a consumer protection agency start another Obama administration, whose task would be to protect consumers from corporations. I know the libertarians in the audience are saying: let the market decide let the market decide. Who cares how many babies we serve poison milk, too?

B

We have to wait till 150,000 of them die and then we'll act on it, but to act before to try to save those. Babies are to save people that won't put their seatbelt on or won't pay the extra thousand dollars to get airbags, but they could get a sweet stereo.

B

This is a nonsense, nanny-state thing, but again that's why I am I'm a horrible status, so Peter here in the seat belt, category I.

J

Mean speaking as a crazy, libertarian, I mean I think if people go choose to buy into a system with consumer protection great after all, bitcoins consumer protection I am protected from all those people trying to steal my private information for some transactions. That's more important to me than being able to call it. My credit card companies say yeah. I definitely didn't buy that laptop. That's sitting on my bed right now. Please reverse the transaction, sometimes that type of consumer protection works other times. That's not consumer protection at all.

J

It Quinn provides an option that complements the existing system.

B

So one way send once I send my Bitcoin. It's gone, I better, have gotten my product for it. Otherwise it's gone like the PayPal example. I brought up earlier, I sold a very small bit on eBay years ago. The guy claimed he was hacked. Maybe he was maybe it was his buddy and he took my Bitcoin PayPal took my PayPal money and I ended up with an empty bag. We.

D

Weren't exactly protected.

B

I was not protected by PayPal or eBay. They didn't listen to my side at all. I sent them a one-way transaction. It was gone. I was in the process of transferring my money to my account, but as many people know, PayPal has the power to freeze your money at any time and they don't really care about your story and.

J

Unfortunately, for you, I mean I heard your little spiel, but this big being protected by the blockchain or something.

B

The owner can, you know, be verified I.

J

Hate to say this, but that ownership doesn't really translate into the physical world. So when I go, walk up that door with your bag, I, don't think anyone's gonna give a rat's ass, that it was recording.

B

Security and they will scan your card and say no sir I.

J

Have the number-one thing: that's gonna, prevent me from walking away with your bag. Is cuz I'm, saying about to steal your bake, live on the world.

B

Crypto Network evidence which I will have will be insurmountable. You know come.

J

B

Think of it here.

J

B

Well, if you gave me my bag back after you give you a gift, I'm, not sure we're done yet, because I want to go back and talk about Jeff Garza can the 0.15, but while we're giving out gifts, I have a special gift here from crypto hw-- wallet, calm, I'm sure you have a treasured wallet at home, maybe in a hidden location or maybe not in your home. But would you like a brown or a black leather case for your treasure wallet, I.

J

Think I'm gonna go with black plug future. Everyone.

B

Seems to want black personally I chose brown, it's more of a leather color for me, but thank you so much and enjoy that a crypto hw--.

D

B

But what about Jeff Garza? Can this zero point one-five, so I I said it wrong or something does 0.15 disconnect these segment nodes? Let's start there well.

J

So the thing to remember is that Bitcoin I guess way to put it is: Bitcoin relies on information being propagated, widening yeah, and this is why, for instance, Bitcoin uses tor to make sure that you can't be censored to try to get information from you know, you're known to their node and they're know to your node. What one the simplest ways you screw this up is: if every connection you have is two nodes that don't you know that aren't on the same currency as you are.

J

So if I have a B to X, node and all my peers are Bitcoin nodes, the moments be 2, X becomes a separate currency, I'll be isolated from all other. Each X knows equally, if I'm a bit kind, node and all my peers are be 2, X nodes. The moment that happens going to be isolated for my bitcoins, so making sure that the network topology splits in advance of the actual consensus. What is just common sense?

J

You know we did this on sick with, where sacred nodes would only make outgoing connections to other sacred memories, to ensure that you would definitely have the through polity of sacred nodes ready in advance, for when sacred you know was created as soft fork now. Software occurs. Hard fork is slightly different in the exact ways that this network works out, but the principle still the same, you want to make sure that you're talking to know to share your interpretation in a case of sacred interpretation, is more narrow in the case of b2x.

J

Interpretation is simply incompatible, so obviously I mean you want you know. Yes, you want B to X nodes to go split off in advance and because there's definitely gonna be some nodes. It still connect to both both both sides. That network are still if you're connected. It's just that the primary connections are the correct ones and are safe to you know, are safe ones, so really what the beach works team is doing. By complaining about this, it's showing how little you understand how networking works and consensus.

D

J

An equally the Bitcoin audience and, quite frankly, you're an example this by describing that way, you're also showing you don't really fully understand. These me wants issues what you don't right. I mean this is a very subtle issue. Really, sir you'd take you a few months. You know first learning about this to realize this, but that's.

B

Whimsy worthy reading that blog that we talked about earlier so I'm gonna need those few months you.

J

Know something long story short: is the description of this being disconnected or kicking off the network isn't correct? Okay, it's changing the network topology to make sure that you have peers that are like-minded, so.

B

Core was about to change the network topology, but then it seems to me, like Jeff Garza, put a pull request where they're not going to signal anymore. So now we can't properly identify them. Something like that. Yeah.

J

Well, I think this is an example where the tint reveals much more about what they actually did. You know what that command-line thing is is just a change the flakes right, so it shouldn't be a big deal, but they're not doing it in the right way. What they really should do is say for a subset of B types.

J

Nodes will just ensure that they have connections to both sides, and that will be enough be sure that the two sides that were definitely interconnected and everything will be fine instead, it's all about, while you're trying to kick myself Network for a little bypass. All this and it's just gets silly. You know they're just not talking about the actual issue they're, probably because they don't really understand it, you know, and why don't they understand it? Well, because that would be dense.

J

I mean you got Jeff Garza, who didn't even do like the recent rebase for version 15, some other unknown guy? Did it I mean Gavin kind of dips, his toes and once it won't open? It's.

D

Nothing compared.

J

To the dozens of devs that Bitcoin core has working every single day and reviewing things and so on, and it's hard to keep up with that. So.

B

They've had to kind of sneaky moves with the 0.15 thing and then now Roger with the labeling issue. Let us continue to delve into these conspiracy theories. I didn't want to ask Adam back, but I want to ask you.

B

What do you think about the block stream satellites, because I was talking to some guys and, let's just say, they're on the other side of this argument, and they painted a picture to me where block stream was kind of this evil company trying to take over all the Bitcoin transactions and all of the nodes, and that these new satellites that they're renting time on would somehow take over the whole network and control all the nodes. Do you see that happening? Is that possible? Oh I,.

J

Mean I think he completely misunderstood conspiracy. The real conspiracy is that block stream created this free to use service. You know adds redundant measure to bitcoins networking store purely to go. Pissed Jeff, Garza cloth, you know, I mean every day, I wake up, think you know what I'm.

D

J

The world a better place, let's make Jeff Garza unhappy and.

B

This, of course, because Jeff Garza had the bit satellite idea made a couple speeches about it, but never actually made it now. Block stream, I. Think Jimmy song on our network already set up his satellite dish is receiving the transactions in a passive way. Then you can send your transactions with SMS. This would work in places like Africa with bad internet I. Don't I never saw it taking over the whole network, but I wanted to float their idea there and see what you thought. I mean.

J

It's just silly to like this.

D

Is like saying, I'm.

J

Gonna go and start up a new ISP, so obviously I'm gonna take over the Bitcoin network. Oh no I'm, just providing people more options to get data around well. Look as an example: we never actually went Carter I'm doing it. Gregory, Maxwell and I we were discussing. You know it would be really cool. Is gonna like set up a modem and use the phone line to move blocks around sure and.

B

Those are the kind of things you guys thought.

J

About it, I got more on that later, I've been to some of your meetings, and that actually is a potentially useful thing, because the failure modes were the internet goes down and phone lines go down or different sure, because that underlying technology is different and the routing layers end up being a bit different, not as.

F

Different as they.

J

Used to be, but still different, so by just having that redundancy, you make it less likely that both will fail at once. One.

F

Stream, satellite.

J

Frankly, most of the use of this I mean the nice African thing is all well nice, but I think the main thing that really does for Bitcoin is: she provides a redundant way of getting blocked at around she's sure the network stays consensus. Yeah good example was actually a Puerto Rico, where I was actually just talking to the last conference was that someone from Puerto Rico it remarkably was at that conference and apparently had spent like the past week without power, and he was telling us how once they did get power back.

J

They found it very quickly that within the island they headed networking. You know the internet was up within the island, but the links from the island outside were damn, but with one block stream satellite receiving blocks that entire island within itself would be in consensus with the rest of the clean network and that's a very powerful thing. It just makes Bitcoin that much less likely to go fail for people, and we.

B

Could continue to use it during the tragedy? Maybe you could sell relief and supplies still receive some kind of payment for it, and, even though the rest of the networks down and.

H

J

Know some cases it can be even so purchased to make sure that you you realize when censorship happens, you know you get that extra opportunity, whereas if you don't, there are attacks, you can do and China is a scary example here, where they're Great Firewall of China potentially could separate part or even subsets, of the Bitcoin mining community from each other and use that to conduct attacks, but with something like block stream satellite. They will find out very quickly, hang on a second, our internet connection and mysteriously isn't giving us that walks.

J

But the satellite is and.

B

It would take almost nothing, they just need one satellite to check and then the rest of their computers could propagate and.

J

Also, there is upload bandwidth on the satellite, so while it's not fully there yet long-term plans apparently are do allow you do upload both walks and transactions to the satellites from anywhere, in which case they would read propagate this now.

B

How big or how expensive a satellite rig would you need to send data because I've seen the ones they're receiving on it, looks like the old Dish Network TV network? That's a one-way! It just comes down right.

J

Yeah my understanding I could be quite wrong on this. Is that it's not that expensive I mean we're talking I believe on the order of couple hundred bucks to me a few thousand or something depending on exactly what tech they use. But you know the big story there is that, because blocks training has reused existing satellite technology rather than launching their own, everything just becomes way cheaper. You.

D

J

Cars extinct was used these little micro satellites with a big nose running on them and sure that makes for great PR, but.

B

It was a good idea: I saw the gravitation. Yes, it was very exciting. I love space, yeah.

J

It's very romantic, but the practicality is all right. You've got these little tensed to Mira Tinsman meter. You know small satellites up there. Well, they crash, but back down earth. Pretty quick yeah.

B

There we keep launching yeah, yeah they're, all truly.

J

Low, that's an ongoing cost, they're, not cheap, whereas just renting bandwidth it already exists. It was gonna use less because less people have satellite TV services, for instance. Sure just makes a lot of sense.

B

You can take over that whole industry just by the satellites and.

J

For the record that wasn't Jeff guards, exciting yeah I mean it's pretty obviously, there's satellites, obviously you're gonna try to use this for communication. The clever thing walk stirring did was really about than coding and the.

D

J

Is such that, if you're offline for believe it's up to 24 hours, they retransmit the blocks using the special encoding that, provided you get one day's worth of data, you can extract all those blocks, no matter what part of that dataset you collect and I can't even begin to go into the math. That's all black magic to me, but it is magic. Kids, it's very clever, stuff forward air friction. It.

B

Sounds great and it's it's the kind of project that these guys are working I was going to mention one of the more esoteric things when you talk about modems and sending the blocks team. Over modems I went to a presentation once at the San Francisco Bitcoin developers, meetup I think it was Peter Woolley, maybe Greg Maxwell as well, but they had worked out a system.

B

If you ever read your public key over a telephone and you're writing down the numbers and you screwed them up, they had built a grid of other possible numbers and they could work out where you screwed up, but at the same time they wouldn't tell you because that'd be an attack vector. What do you think of this kind of work.

J

I

Well, that's somewhat.

J

Since become the BEC 32 sacred address, standard and you're absolutely right, it is very clever in that particular case, the rationale there is well. First of all, obviously you want very good error detection right. You know.

F

J

Has learned this the hard way wherewith theorem.

D

J

If you make a typo depending on exactly what software stack you are, you can end up easily sending money into the void. That's really really bad in tens of thousands doors being lost that way. So.

D

J

Addresses have always had a strong, checksum and you've chance for typos. Being a valid Bitcoin address is about like 1 in 4 billion, so.

B

When you're trying to put it in the wall at the wall, it doesn't go green, it just kind of sits there and they say: oh I typed it wrong and you fix it. Instead of sending your money nowhere and and not getting it back, yeah absolutely.

J

B

J

Next, step of that is first, you know. Bitcoin addresses, use upper and lower case. So when I try to tell you one over the phone, it's like upper case, a lower case B, it's just it's just.

D

J

By using by removing the case from bec 32, it's easier to say in terms of correcting mistakes, the clever thing about that is: it's very good. Correcting mistakes, and by having your UI, be here's where the mistake would be go double check and ensure is that we don't get people to make a mistake and have it autocorrected, and then they leave the mistake, because if you leave the mistake, it was probably to be another misstatement and once you make enough mistakes, we'll making no longer correct.

J

So that's actually a UI level things not so much to protect against tax, but rather against human error. You know it's like saying: I'll.

D

J

And my kid made a mistake on up, you know: spelling bee what'd I just say: oh you're close enough in not tell them where they got it.

B

Wrong I don't exist, I think it's fine yeah.

J

B

Know you gotta.

J

Have that feedback process to go and help you improve that source material means. Why would I use a spell? Checker I, don't accept the corrections. I go back and actually go correct if you've ever seen. My tweets, obviously I need a lot of work and a lot more practice requests of all checkers. It.

B

Can be tough, I really hate the little squiggly lines, but I have to do it. Everyone complains, if you misspell, something it's almost as bad as if you mispronounce something which I do the time as well so Peter, is there anything that you're working on right now, I know you're working on the open, timestamps project? Are there any news on that or anything else that you'd like to tell our on its about? While we have them here well,.

J

Open sign, Sam's is kind of an interesting project because I started in 2012, basically as a this would be cool to have, and then I've learned more about big phones like open timestamps. It's really boring, but.

B

Again so valuable notaries documents, my friend Chris Ellis, all of these people love to timestamp Anson yeah.

J

So you know I thought but a year ago, actually, but a year and half go due to request by my clients, you know I've already done a rien flirtations. They could read it themselves. I finally said you know: I go sit down and actually work on this, some now in the position where I've actually got funding to do work in open, timestamps and polish it, and do all that really boring stuff that makes these usable so.

B

Why don't you tell the people, what open timestamp is and why it's not so.

J

Boring yeah. Well, you know, you've often heard a Bitcoin. You can go into time same things with Bitcoin, you prove when data existed and the traditional way of doing this is creative transaction output. For this that's cost Apollo money, open, timestamps, essentially crowd funds, those transaction outputs in a sense where everyone who needs a timestamp submits it to a set of calendar servers that then aggregate all those timestamps together. Every time sent requests together in do one Bitcoin transaction, it's time sample and stuff, and the other thing it does.

J

Is it records that information in perpetuity so that you can go back after the fact and actually get your proof linking back to pickle long story short? This means, if I want to create something that will get time simply Bitcoin I'll be able to know when it was created and definitely I can hit a button in about a second I get my reply back and I know that within a few hours that look in time sent to Bitcoin and I'll be able to get proof back later.

J

So this is just all infrastructure to do all this, and it just makes Bitcoin time stamping easy and the nice thing about. It is because we're aggregating the cost to do those transactions is sufficiently low. I.

D

J

Certainly, cover that with donation is definitely I mean it's really not a big deal. So.

B

Where can people timestamp their documents right now? Where can they go to learn more about open times? Quite.

J

Literally open timestamps or org and there's little JavaScript things timestamp your documents and verify them. I know it's a cypherpunk. I am I'm, not gonna, say it's the most accurate thing to verify there, but the time, stamping part, is every bit as secure as anything else, because it's not open time since you're trusting it's a Bitcoin.

B

So what else are you working on any new, exciting projects? What's coming up next for a beautiful, so.

J

Time, stamping is all well and good, but standard example. I give is a fun time, stamping a sale of a house that doesn't prevent me from simultaneously selling the house to another guy right. What you need there is uniqueness. You know you need an anti double spend and I'm also working on a library to make it easier to write decentralized applications that deal with anti double spend.

J

You know, I generalize this and something I call a single you seal, which is like, if you ever seems shipping container these little seals on the on the handles that are numbered and they apply mat one end and when the shipping container shows up the other side, the world, they verify the seals still closed and the numbers match. What should be, if that's true, what's inside, hasn't changed well, the digital equivalent of that would be like a signature but a magical signature.

J

They can only sign once I call out a single you seal and when you close it, you get a witness saying this seal was closed over this data. Well, this sounds like a Bitcoin transaction output right. It's uniquely numbered yeah and when you close it or spend it, you can only do that once well. Once you build that primitive, you can build anything that needs uniqueness. You know you can build your token transfer system. You can build your title system.

J

You can build a software repository where you know when I go, tell you what version of software and what exact binary software corresponds to version. I can't lie to you. Give you a special version, that's different from what everyone else going. So there's tons of applications for this, but writing software that takes advantage of these ideas has always been hard because there's a lot of data marshalling and so on. So the links, I'm called proof marshall, which is all about marshalling fruits. You know I want to prove something to you with proof, marshall.

J

I can figure out what data do. I need to give you to prove that thing and it handles that whole process and serializing the data, a deserializing, the data and so on. Unfortunately, it's but two orders of magnitude, more complexity over time.

B

J

Time steps you doing like a weekend, this.

A

J

It's so long project. In fact, I started it prior to when I worked at our three of all things and it's.

B

Good way back yeah tree yeah, this actually wound up.

I

J

You know the beginnings of our threes quarter, of all things which, as much as I'm sure we can all hate on our three their quarters, technology's, actually not bad, and for that use case, I think it makes a lot of sense. Well,.

B

Excellent thanks so much Peter for being on the show and thank you enjoy your walk.

B

All right now, we'd like to welcome the man behind the camera. Brian Taylor gonna join us she's, knocking down everything as audio engineers are apt to do, and he knows how to talk into this microphone. Yeah.

I

I think I do his microphone. Yes, it is hello ever hello-hello right, that's funny! Looking at you from this angle, I.

B

Know it's what happens to everybody else when they down here so, but now what we were going to talk about today is live streaming and the difficulties of live streaming. This is a unique and historic event here, where the original San Francisco, Bitcoin, meetup livestreamer, is joined by the new San Francisco Bitcoin livestreamer who's also recently, given up the jobs and passing the torch along, passed the torch and then I passed it again. Now it's Travis's problem.

B

So you start out with live streaming and you set up a camera and you're like well I'm gonna record it to a SIM card. I'm gonna go home, I'm gonna upload it later. Then they want you to edit it. Then you realize editing is a nightmare because you make edits, then you have to render it. Then you have to upload last night, I watched and uploaded for two or three hours because I shot offline instead of live-streaming rookie mistake, but I just wanted a nice crisp clean copy.

B

That I knew would work and I had to do some tests and things. But then you give up on this recording to SD card thing and you decide to go live so maybe you go live on your web camera and you're really close to a mere talkie in Paris at the breaking Bitcoin conference, and you think you've done a good job. You march to the front row, you embarrassed yourself in front of a whole group and you point it right at it and the audience just explodes bad audio, bad audio. It's.

I

Only on one channel holding.

B

Your release- and so you just give up you close the laptop, let the other live streamers handle it. But what are the pros do? How did the pros livestream these crazy events? Well.

I

It's a lot of experience, a lot of trial, trial and error, trial and failure.

F

I

It depends who you're working with I do a lot of my stuff on my own, so I have control of the camera. It's all of my own equipment. Of course, I've had pile of my own equipment, so first we're using a shotgun mic or something, and then you end up saving enough. Crypto goes up enough, so you have some money to invest into this equipment to basically quell your audience right, like you're, just trying to put them on mute without panning, all of them.

B

Yeah pain, your fingers hurt after a while yeah yeah.

I

So really yeah, I, guess I, don't even know if I consider myself a pro at this point, I've been doing decentralized events for for about three years now and upgrading equipment when I can I use a live stream. It's a lighter, an encoder called a video which is awesome because it just takes the audio and video from the camera from any camera. You put it into it and through Ethernet or Wi-Fi. That's why we stay. We livestream the standard definition a lot, because you go to these venues and a lot of times.

I

You don't know what kind of internet you're getting a connection you're gonna get. You ask.

B

For a hard line over and over again- and you can't get a hard line, so you have to go over the Wi-Fi and.

I

Yeah and then they have a this weekend, they have a slide streaming from three different rooms. Realizing from here we live streamed from the paper hub. We light you from a room I can't even pronounce across the across the hall. Here, it's the barn, yeah, oh and then the main room. So we've got my attorney four different rooms, a.

D

F

Of them have Ethernet no.

I

We've used four different cameras each time so yeah, it's just a matter of of just move like moving with the punches and not falling down, and then, of course, today I mean everything's going so smoothly. At this event, ahead, we've really haven't had many struggles, so I set up the livestream for Peters thing and then went and grabbed a beer, and that.

F

I

Was wonderful, I saw one of the conference organizers.

F

I

He asked how it's going. I said. If you see me getting a beer, it's working absolutely.

B

So I had the much the same experience. First I bought a very expensive black magic box, which was truly black magic cuz I could never get the damn thing to work. I still need to resell it or send it back. They don't want it anymore, but now recently I bought a video game streaming box. Originally, my goal was to stream myself playing the new Zelda, but then I realized that I was time, stamping how long I was playing.

I

Music I watched some of those four incredibly too long.

B

Oh, it was a good game and sometimes you're good at talking and you think you'll be one of these geek gamer live streamers, but I get tired of talking and mostly I just want to curse when I die and so and I die a lot I'm, not the best video gamer in the world. I think I am but I'm not, but and yeah I was also telling everyone how long I spent playing Zelda and how often I played so I cut that out pretty quick but then I realized dual function.

B

Technology I could use this video game live streamer to livestream the San Francisco Bitcoin meetup. That's awesome and I think that brought us up a level now Travis says he has a little Moby live camera some kind of Kickstarter project and he's going to try that and I guess. It worked last time, I kind of glanced at it, but anything that's over an hour. I don't have time for yeah.

I

Yeah I definitely recommend the tarot deck videos. This one's been great. They are pricey they're, pretty expensive about.

B

How much should we talk? Let's start running down the rig, and everyone knows how much money we spend to live. Think livestream things for free so that we can promote your I, see. Oh no. There.

I

Will be no I see? Oh I, don't have no interest in that. So basically, what we're looking at right now is. Besides all of these pervs on the net is I have a Canon Vixia cam of the g20, which I think caused at the time it was like $1500 and then so we got the video that I have was $800. They have a new model which doesn't have the Ethernet port.

I

It has a three hour battery instead of the one hour battery and I think that that's 500 bucks I thought about getting it, but I live streaming from kind of ideal environments, usually where I have power, so I don't need the extra battery and I like having the ethernet option. So then yeah and then I was working with a rode shotgun mic for a while and if I was at a venue where they had wireless mics or where I could get a line from the audio mixer.

I

That was cool, but all the complaints I got because my audio was bad. In fact, at one point, Bitcoin bail offered to show her tits if I would get a better audio feed for the open Bazaar meet up. I was live streaming. Of course, I couldn't get it. So all I got was picture of her legs in the bathtub. Still not a bad thing.

I

D

All yeah, that's all on Twitter, so.

I

There's like sometimes the audience gets really entertaining about it, but mostly you just get a lot of it lot of heat, and so I ended up buying these microphones. This assignment is Anheuser and it's my German accent. Yeah.

B

Yeah and these.

I

Were about $1,000 apiece, because the receivers for them are what they're like about this big this? Obviously this can help Mike and then tom has the the lab, Mike clipped, I, don't even know if they can hear you. Oh yeah.

B

Enough for that I haven't reading the chat since the sex therapist came through yeah.

I

I got a little blue, yeah yeah, it's yelling at you right now, because we up the audio. Let's see, okay,.

B

You can tell me now if the audio has been bad for half an hour, but I'll bet you could hear Peter Oh. What's.

I

Up Magnus, my homie watchin always send in the love you.

B

E

B

Live anymore, we've been get dead for a while still.

I

Says as long as we're live, okay, they can hear yeah they're just talking about the price. Yes,.

B

I can hear right on cool. Thank you guys and.

I

Yeah so anyway, these were about a thousand bucks apiece, because I want I needed to be portable. I was in Nomad for three years and I'm, putting moving I moved to Europe with this stuff, just in my backpack and a duffel bag and and a one-way ticket to Slovenia, so that I needed everything to be as portable as possible.

I

I'm going to meet up so I'm, going to two events, I honestly spend most of my effort doing the live streams beforehand in trying to find events and contact, meetup organizers, people that don't have any kind of video coverage. They don't have money for it, so they don't.

I

Even they don't even consider it and I'd send them a message on meetup comm, where I hear about these events in different ways through friends and I, end up contacting them and, and just say, hey I'll do this, for you I just want to come to your event and I want to make sure that it's archived I want to make sure it's live stream because I care about you, people and I just want to deliver it because I know that you can't. You thought everyone can be they're, not.

D

Ever going to be in that, parallel across, they were in place.

I

This killer, thank you with all of these beautiful smart people getting wasted. I know we don't live streaming that, but it is a lot of fun. You should come next year and yeah. So that's! What's up! That's.

B

Truly amazing and people at home they they always have this kind of accusatory tone that you did the sound wrong on purpose or you're, not so sure, I, guess the slides on purpose, and let me tell you we're always trying to do the best for the audio, even when people are talking in the room, even when people are coming in and out, making the door squeak and even when they're, totally ignoring the incredibly booming loud sound of my voice, but there's more to this than that Ryan, because you said this is a thousand dollar microphone and yet I know people are complaining to put it near their mouth.

B

We've had all these issues, we still need an audio mixer. On top of that, there's always one more piece of equipment to get you think. You're set you've got a plug strip, a power, cable, a network, cable of Wi-Fi and extender a router, a tripod camera.

I

Metapod and a tripod, this was totally jacked. So every time I move the camera at all. It shakes it jumps, it doesn't stay where I want it to be. So that's kind of the next thing on my list and yeah I got a new laptop, so I can actually use. They have open broadcasts at that system, which is open, source broadcasting, software riot, really cool stuff. You can have multiple cameras all going in through USB.

I

Through these Blackmagic devices, more I have to buy and then I have to like, then I have to get a new bag and then I'm actually not packing very many clothes at all, so I have where.

B

I got a new bag.

I

B

Okay, one of the bags diamonds.

I

On there, though, is there anything you can do about those? Can you trade them for a different logo? Diamonds.

B

Are forever oh.

I

But yeah so I'm do yeah, I end up getting taking more clothes out and unpacking more equipments, and all that I'm packing now is equipment. You go across borders and people like you have too many USB cables. We need to stop and search you that.

B

Happens, yeah I definitely got search coming into Germany and the guy was like. What's this USB cable? What's this USB cable? Is this a camera? And then he was looking at my bubble, wrap popping the bubbles like I put something in it: I'm just trying to keep the camera safe man I spend money on that I. Had a nice old camera took it to an event lunch. It got bumped around in my bag, I had a dead camera yeah.

I

D

Just that quickly,.

B

A year's year's worth of tools. Suddenly it's a paperweight yeah.

I

I'm really surprised I haven't actually broken any of my, but there's.

D

All kind of some metal here- steel, metal.

B

Metal work on your fancy.

I

B

There yeah I, don't really worked out. That's.

D

B

Feel you on the tripod I, the this old tripod I bought that came free with a camera I just kept using it for years and years and years, this old tripod, then I ordered an Amazon, amazonbasics tripod and it's actually pretty professional and it rotates it has a level and I'm really psyched about it. Amazonbasics surprised that had two different sets of tripods and they're both really cheap, because amazon manufacturers of god-knows-where and they can ship them direct from their site. They don't have to do any extra retail work. Yeah.

I

That's awesome and, like speaking of Amazon I, that's another thing I've been meaning to do is to build my own websites I'm. Also a web developer. Sure I'm, currently working for Zee cash as web developer and built the first etherium websites I should be able to make a website for myself and ever get around to it like. What's that saying, the plumbers pipes are always leaking yeah and and I've always thought like I'll put it me on this on wishlist on there, and then people can buy for me, I need it.

B

Whatever great tech- and he says then you'd be begging, you'd be begging for.

I

A free microphone when.

D

B

They put the guilt trip on you, the minute you want to buy something to improve the live stream. Yeah.

I

Yeah yeah exactly but yeah I have no problem with that. I just got to get around to it. You know and I'd rather be doing. The work I would rather be coming to these events. I'd rather be hanging out with you, but making killer content all weekend. Long and yeah, hopefully not working a little bit and finding some new events to do some new venues whatever's going on always stay inactive. So.

B

Where can people learn more about your work, and you mentioned you livestream other conferences, I think you've done open source, maybe Chaos Communication, a bunch of other european open source conferences, a lot of great information and knowledge that people can get from these long presentations and again they don't have to be there. They can just watch your stream. So where can they subscribe to you on youtube, yeah.

I

It's a magic DJ why le a K and a G is not actually a word in the dictionary. It's in the disorders, though, so you can look that up. That's fun and leek comes from Kurt Vonnegut, actually because in.

F

Breakfast of champions yeah see but.

I

You might know this in breakfast of champions the lead character. What's his name, trout, Kilgore,.

B

Trout and a lot of the books but yeah, but.

I

He he refers to mirrors as leeks into alternate. It's.

D

Probably a versus.

F

I

I do I would I consider what I meant life's turning is. Is I go to these conferences, where there's really disruptive technique, decentralization open source, the stuff that nobody's even thinking about very few people are talking about it and it's definitely not being shared. So if you want to check out any of these events, I'll be live-streaming. The open wrt summit in two weeks, I think it also in Prague. What's.

B

Open wrt, open.

I

Wrt is open source routers pass on the firmware, and so, instead of having this, this crap d-link tech on it, software running on your router, that's controlling all of your traffic. Nobody knows what it's doing. It could be routing everything through who.

F

I

And it's full of security vulnerabilities that you can't patch or you it's or, as someone has said that works for the company has to patch it.

A

I

Comcast it both wrote. The software that's running your router here. Open wrt is open source software that you can install and replace the firmware on your router, and you can do a much more powerful stuff with it. It's it's open source, so people can look for security vulnerabilities.

I

They have a lot of developers looking at it, it's old, it's all over the place, and you can you can use it to create mesh networks which battle mesh is another event that I've livestream twice full day, 20 or full week 24 hour, there's 24 videos each about an hour long. So yeah, that's my thing.

I

If you want to go to these events- and you can't find out about events- and you want to tell me about them because you can't go, you can hit me up on Twitter same name, a G leak and yeah I'm, always just looking for all.

B

Right well thanks so much Ryan for joining us and thanks for helping us live stream peril, oni peril, any polis, I'ma say it wrong. It doesn't I absolute pleasure and this is the hacker Congress. It's still October, 8th, 2017 and I think we're nearing the end of this livestream. We've cleared the room, they stacked up guests after guests after guests, I just keep taking them down.

B

Of course, tone already left with the sex therapist, so that's over, but we would like to offer you from our sponsor crypto HW wallet, calm, your choice of a brown or a black. The.

I

Trend and yoga ball with the black they're always going, but.

B

I still like the brown I, don't.

A

B

I've got one in my bag, but I only have one treasure: I'm, not a rich man. There's a question about my t-shirt.

I

On here, alright.

B

That is Ross.

I

Ulbricht free ross, org and yeah. If you don't know he created Silk Road or he was accused of creating the Silk Road, he was yeah well c'mon. He was arrested for creating the Silk Road and is now started serving two and a half years. Life sent there two and a half life sentences for doing so so yeah Ross org shout out to Lin and they cover that yeah.

B

It's always worth mentioning free Ross and they are selling the free Ross commemorative silver tokens here are made of silver and they're 200 euros apiece. So if you want to send me, a donation right now buy one, but otherwise it's too rich for my blood and are pretty, but they are really nice Ross on the front Bitcoin and the peril any polish logo on the back great stuff, and it's always great to help. Ross and now we're joined by our sponsor Jay Joseph crypto HW wallets icon, like to give you a brown one. I know.

F

B

One else will take them off me, but I think they're much more beautiful. Look much more like leather, in my mind, is always brown, but then I guess I have a black leather jacket now so I blew that out of the water. But you know: look at my bag, also black. So again, but I want my wallet to be more findable, so Joseph why'd, you tell us more about crypto, HW wallet and people combine their yeah.

F

For those of you at this value of my third time coming on the show third.

B

Day, third time yeah, it just means we're being good to the sponsor which thank.

F

You very much we're really happy and privileged to sponsor WCN to this event in prop a Czech Republic. This is absolutely my first time that this is the home of the treasurer of origin, treasures.

B

Flush general bytes Bitcoin pay want to thank all the sponsors for this conference. All local Czech companies, all Bitcoin companies, not a single I co-sponsor on the board shout out to apparel NZ Pulis and the HC P P for doing that. I know they had a choice of sponsors. Other people offered money, but they said no. We want local companies, we want to promote the Czech Republic and we want to promote our local people. So I think that's a great thing that they did. Yes,.

F

For those of you, if you're a big ho, you have, you have a Bitcoin, store or website. You are a reseller. We are also looking for resellers all over the world except USA on the website. If you have a physical store, of course, you're more than welcome to get our merchandise at a wholesale discount price to redistribute a resale our product, we are looking for resellers all over the world.

F

If you're interested please get back or get in touch with us, we can be found on quick release, W wallet on Facebook and Twitter, as well as sales or support at quick, Ville, HT, w wallet, comm and another.

B

Question from the audience, do you also sell your items on amazon.com? Yes,.

F

Yes, we do. We do sell that on amazon.com, but we also sell on our website. Obviously, we offer some perks on our website free t-shirt with any wallet purchase. Sometimes we give different gifts and occasionally we have special promotional discount coupons on our website like this one, we have WCN 20 off I'm ending today, which is the 8th by 11:59 midnight.

F

If you still want to take advantage and purchase your leather, a wallet case they're coming both brown and black for treasure only and we may have other promotion later on as the holiday coming coming on. So.

B

There's this in the discount codes for treasure only and we're focused on treasure because they're, a sponsor, they're local. We had their CEO and their founder on the show, so we're a little biased towards treasure this weekend. But do you also have leather cases for other wallets? Yes,.

F

We have it for TP, we have them for ledger blue ledger. Blue is it's almost I think a leather case for ledger. Palooza, it's isn't necessity. The reason I came up with this idea is when I first got my ledger: blue. It was it's big, its bulky and then the corners are so sharp when you fold in your hand, it's not comparable. If you hold it too tight, it's sharp. If you hold it too loose, you may drop it as a $300 wallet. So I said this thing needs a good case.

F

So the idea of a leather case came to my mind. That's when I start exploring I found a really good designer in New, York I worked with them to create the prototype, took it back to the factory in overseas or even back and forth, made a bunch of different models.

F

And finally, we came out and finally I finalized the design for Trez or keep key a ledger blue those are all available in our stores, as well as Amazon, like I, said, we're looking for resellers to come on board and make your profit and help us to resell. These help out the community to everybody accessorize their wallets, protect their wallets. It's one of the best ways to do, and.

B

It's very important to own your own keys. We say this all the time and people get confused. They have to print a paper wallet, they have to go through tails Linux. They have to then load the wallet software. It's very difficult, I, don't even know how you load tails. Now that my computer's don't seem to have cd-rom drives anymore. That was my old go to and I'm gonna sound like an infomercial here, but I want to talk again about the qualities of these. It's it's real leather.

B

It smells like leather, you can scratch it and then I know I've talked to you recently about this. You went through special measures to make sure it wasn't made in an unethical factory.

B

You really worked on the packaging, so it's a luxury item, maybe a good gift for the Bitcoin er in your life. I'm sure a lot of wives and husbands are watching, and maybe you want to give someone a gift who has a treasure? Maybe they have a damaged messed up. Treasure I, think this is a really quality. I'm and I want you to be able to tell the people more about it while we're starting to end this livestream.

F

Yes, we really spent a lot of effort to make this feel as a quality, and it is a quality starting with the the leather case itself and we take absolutely premium leather. No, you will not find two identical treasure leather cases with the same design or pattern because they're a real leather, because no two pieces of skin are probably the same, and then it comes with a really nice dust bag. We have the idea of how we how the luxury handbags are packaged. We patch them the same way, really extremely soft dust bag.

F

It can be used like a microfiber to clean your screen on your wallet any of the water that has the screen. You can use those clean and comes with in also a nice message. Part they'll explain basically the basic functionalities in the features of the leather case, as well as all our contact information with a QR code, the easy scan to find us once you have this. Obviously, the packaging has seen a very high quality box gift box. This makes it a perfect gift for almost any occasion. For those.

F

Ladies out there, if you have a husband that wallets, if they don't know about this, make it a secret gift or for their birthday holiday. You know: Christmas, coming up they'll, be very surprised that, because we put in a lot of effort making this and all of you that get this you're handing when you actually see this, you will not be disappointed and.

B

People can spend a Bitcoin on your website and take credit cards. What kind of payment offers we.

F

Take paypal so PayPal behind people, all credit cards are accepted and also we take cryptocurrency Bitcoin via pay. Those are all available on our website, but that's not available on the marketplace platforms. All.

B

Right and we're almost out but I think we'll have one more guest because you just walked in Martin wanted to come on down just for a minute. We have Martin on yesterday, Thank You Joseph and thank you crypto HW wallet, calm. Everyone can check it out and Martin's a big fan of these. Actually we gave him you've seen that a disaster of a treasurer with a scrape on it. We gave Martin a leather case yesterday. His treasure looks so much nicer. Now he was showing it to everybody at the conference really like.

B

Sometimes you give somebody something they just throw it in their bag, but Martin was a big fan of it. Why.

E

A big fan, I'm.

D

E

A big fan, you got a big.

D

E

Really about Tresor it's being beat up for years; actually they don't die that easily. But now it has, you know, I didn't look like I had my pension on the Tresor, but now it looks like a major, successful nice. Fine leather finish just.

B

Like there's, a jeweler kleiss got a screen in there and everything push the buttons. It's got little dimples for the butter.

E

Face which they'll worth the investments it's only like $30.

E

And it's the differ, you could make it a little bit more unique. You know just like be unique. Get yourself. One.

B

So Martin's from general bites, they make the ATMs that we have here at peril ends in clueless. They have a huge screen and a neon light around them. You'll see them instantly. If you go into a shop looking for a Bitcoin ATM, these things stand right out. We love neon.

E

And I think it's yeah if you ATMs, always been boring, so we thought you know just we add some neon to it. You.

B

Know and Lauren is also responsible, he's working with my cryptographically owned, proven bag that I picked up earlier today. Why does fort Martin and his work yeah.

E

Oh, thank you. No, it's a Marilyn. She she made the beds. Nothing was ever like copies, so we authenticate the bags on the blockchain. So this way every one of them. You can verify on the blockchain whether they are unique. It's still in development, but the idea is that instead of using ball chain as money, because you know we all your chances of Kate paying Bitcoin as payment, we need more more applications because we cannot wake up. We can't expect you know all those cryptocurrencies do like moon.

D

E

Having new application so because we keep developing new applications, yeah yeah, so.

B

It's not so much ownership like I was saying earlier. I got one it's more about verification of non, not being a fake, it's not a fake bag. This bag is authentically made by Maryland. Has the Bitcoin, litecoin and diamond shaped logos.

E

B

D

B

We also have martin back on the show. Theo talked to him yesterday, a little bit about the ATMs and so Martin's other projects, but I just want to let you guys know in November of 2014 I was wearing my mad bitcoins hat and my goggles I went.

D

B

And I talked about this guy who had a Bitcoin chip implanted under his skin and I was a little critical of it. I just said.

B

D

Worried that I'm gonna get.

F

D

B

Or something and he beat the first one and the last one, with a Bitcoin chip implant, so Martin, why don't you tell us about your Bitcoin chip? Implanted.

E

Well, what do you know? Yes, I had friends on mouth laughs now you say: he's got this website. Dangerous things are called and he he's like a bio hacker and for he created the implants. You know he created like magnets. If you're, if you implanted magnets and that on your nerve endings, then you would like to become the real leg needs Oh like it man. No, so you can great.

B

Power, great responsibility and I'm still terrified, but.

E

You don't like it when they take my blood, it's our own body, so you know for me: it's my own body, so I feel I can do with it. Whatever I want.

E

You know, and if you know the ethical thing, some people might not like it, but I was running an acorn ATM network at the time and actually I was storing many bitcoins for third parties, because some of the miners they would adopt a ATM, they would fill it with Bitcoin I would take my commission and they would get the money out, but it was my responsibility to keep the Bitcoin safe. So how am I gonna keep the Bitcoin safe and at first I would print out these paper wallets.

E

You know with the QR code and I bring them to the bank like a safety deposit box sure, but you know we are going to almost. We don't need no banks, I.

B

E

That's nice technology, so we needed like a different way through store. Decrypt are not far. You know like okay, I can't keep them at home and I can keep them in the wallets paper wallet. But if I get burglars or stuff, it's not safe. A.

B

Friend of mine used to keep all of his journals in a safe, which was really great until one day he was chasing a guy down the street about his safety of screaming. All you have is my journals. There's nothing of value in there and now my friend doesn't have his journals anymore. It's hey.

D

B

E

I thought you know: keeping the Bitcoin safe or being up there in a chip implant and some people founded bit extreme others. Thoughts and I was the devil itself and.

B

This is not a joke people, he has a chip of me of you. If you see Martin around he'll wiggle the chip at you, he loves to do it. No.

E

It's got one here, I one here. This one is for litecoin and the other one is for Bitcoin I can't depression.

E

So when I got the chief implant, my colleagues at a general bath said we have a few bears because with you bears you get the best ideas. It's.

F

My opinion, oh all,.

I

The great ideas come.

E

Out for a few beers.

I

That's a nice margin.

E

If you would like, if you would I, be able to wave your hands at the ATM and get some cash out, wouldn't that be cool, yeah I just make it work, and so two weeks later they had like prototype and with the NFC thing, and it did work.

E

That was a surprise so, um and the only thing is that, okay, we can add NFC technology to the 80s, but nobody else has the chip implants at the time at the time at the time, and so we and and people find a bit freaky some of people just don't like it. I understand that you know I'm, not a piercings are not for everyone, sure I don't have any piercings or anything or ink. You know, and so I thought no chippy blonde thing for me. So.

B

And you've been saying over go good enough for the cat good enough. For me.

E

Thomas, that's the thing my kids had a chick for 18 years and the only thing had complained about was food. That's.

B

Out never about the chips, so never glensheen, yeah, I, even read the cat's diary, no problem.

E

The kid you know that I'm all set you know from danger things not designed to be implanted into humans. I think.

A

His lawyer made him say that so.

E

I got the chip implanted syringe.

C

F

My home daughter.

E

And I said you have to put the chip inside it's just laughing in my face. It's a why. Why are you laughing in my face? I'm the client here you have to do this I paid for the console. I know you get it wrong. I'm! A doctor. I fix you up when I'm sick sure that when you're sick but you're, not sick, so get out of my office.

D

E

I was a bit angry with him, so I said: I'll go do with vets or somebody else, because I knew where the vet would do it and then he said well. You will be back in my office at that time. I will help. You mean it I, probably effect or something that no I didn't. You know our bodies didn't change anything in the past thousands of years, while the world around us. It changed quite dramatically sure. So by making a little bit of an upgrade, we can be more compatible with modern life.

E

This is how is it that's.

B

How people are gonna, sell this whole cypherpunk robot human future to us additional compatibility upgrade.

E

Your body, you know it's about time, so on once we call it running on the.

F

E

Was like cool, but there was like nobody that was like use the NFC feature, so we were like it's stuck there yeah, so we created like an option that would dispense cards so because the bank cards, you know your familiy everybody's, familiar with it. You know that the bank cards and it's not difficult to browse people, know that if you have one of those cards you have to be, you know careful with him, yeah and and the implants freaked people out, but the exact same technology we used like just put in the cars I.

A

E

That's the thing: if you're not sometimes I, read that the newspaper Colombian lady arresting Schiphol Airport with 50000 euros, a per you know well, five for parts and I think sometimes it's so so old-school. You know, just you know, get one of the cheap implants and it doesn't show up in any body scanners or anything I never have any problems with those you know: standstill and body scanner, I.

B

Won't do those machines, I, don't go like this, for anybody, I get the personal, massage.

D

E

In my shoes, yes,.

E

D

So we added like.

E

Insert cards because it doesn't freak people out, but it's exactly the same technology yeah and.

B

That's what they have here at the conference. Everyone was given a little card, maybe they load a little bit coin or like coin on it, and they.

F

Have all these machines.

E

B

Payment machines except the little carts to just wave your card over it and don't show his private key.

E

B

Do that we don't save that for like 5-10 minutes here, the.

E

Cards don't contain any any name or in them they contain your private key and of course you can scan those private keys, because the antenna on the cards is quite large. So we keep it like nice little okay, nice little cardboard case, but if you look at sides cut is like sort of like metallic finish. These are like nicely printed with the logo of the conference and this polishes.

B

Kind of like a little Faraday cage right, correct, I'm, stealing everyone's card money, which I was talking about earlier I, could configure my phone and just go around wallet wallet wallet in.

E

Amsterdam we make them from milk cartons. We have to cheek to actually get to go to the printer. So a milk carton solution, it's so they're like practically free than them. So in.

B

Addition to bitcoin and litecoin, you can also open doors, activate security systems.

E

I just like to move my alarm clock, that's the most valuable, first and I. Think in combination with sleep as Android is like this app for Android. You have like a cup just to solve, for you, I want to lose your alarm and one of them is. Can NFC chips like my skin I've left? Am I right yet, and it's a bit of fiddling, always so by the time I caught it right, I'm, really wide awake, I, never.

F

E

B

E

You're, if you have trouble, waking trouble.

B

Sleeping get a chip data chip, yeah of it, that's just how they thought. Big Brother was gonna, be sold to us.

E

Thomas I act I have the impression you're not taking these serious at all.

B

D

B

I had an I have an Apple watch, it's not charging lately I, have it I have too many things to charge, but one of the best things about my Apple watch. Is it unlocks my Mac when I'm close enough to it and that's just such a convenient feature. It really feels like the future. I just go in. Oh you're here boom time to work. That's enticing and you could do the same thing with your built-in chips. They called Martin. Mr.

B

Bitcoin and I talked about him on the show, all the way back in 2014, but I think we're about to end this show. There are no more guests. Tone is long gone with the sex therapist.

D

It may be some.

B

Kind of polyamory or polygamy, or some kind of thing, whatever.

E

Floats your boat, almost a motorboat but I.

B

Think we're gonna sign off here from the hacker Congress at peril. Anything polis, I, don't know how many hours of content we've done today, but this is the third day of live streaming of videos of presentations and I. Think it's time for dinner. I, don't know if Tony's going to try to come back later, but I think we're gonna. Try to wrap up the room here, put everything back thanks again to our sponsor crypto, a clone again, but I talk pretty loud. You get your leather leather.

E

Cases, treasures.

B

Keep key Ledger's all these things. They shook the camera they're, so excited Thank, You audience for noting I saw it happen.

D

And we'll be.

F

B

Don't know what time it is vortex is going to do a show around noon. Pacific time, I, don't know where I am or what time it is, but check that out right here on the world. Crypto Network gives a thumbs up and is share help more people find the show subscribe. If it's your first time, we do these every day, I'll be back tomorrow with the today Bitcoin show I think Tony will probably be on an airplane, we'll try to patch them in as usual.

B

Last time he was going to his seat and telling people about the charts and everyone on the airplane got free information about Bitcoin.

D

B

It's a dine into 7 into 3. Oh.

D

F

B

But that's about it we'll be back soon. Bye.