The Pomp Podcast - Farbood Nivi, Co-Founder & CEO, Coinmine: The Future of Consumer Mining

Episode Date: July 15, 2019

Farbood Nivi is the Co-Founder and CEO of Coinmine. In this conversation, Farbood and Anthony Pompliano discuss cryptocurrency mining, privacy, freedom, building consumer products, and and why the team built a new feature called Bitcoin mode. -----BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. -----If you enjoyed this conversation, share it with your colleagues & friends, rate, review, and subscribe.This podcast is presented by BlockWorks Group. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at: https://www.blockworksgroup.io

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to Off The Chain, simply the best podcast in crypto. Let's kick this thing off. Farbood Nivi is the co-founder and CEO of CoinMine. In this conversation, we discuss cryptocurrency mining, privacy, freedom, building consumer products, and why the team built a new feature called Bitcoin Mode. I really enjoyed this conversation. It appears lots of people had fun on the live stream, and I hope you enjoy it as well. Before we kick off this podcast, first a word from our sponsor BlockFi. As many of you know, crypto investors store their digital assets on exchanges or in cold storage for long-term safekeeping. However, this strategy doesn't help them grow their investment holdings or build overall wealth. With the new BlockFi interest account, users can now securely store their Bitcoin or Ether at BlockFi and receive 6% annual interest paid monthly in cryptocurrency.

6% is an absurdly high rate. It's the best rate in the industry. I highly suggest you go check out BlockFi.com slash Pomp. Again, that's BlockFi.com slash Pomp to sign up and start earning crypto today. informational purposes only Bang bang. All right, guys. I'm here. I've got far with me. We got a ton to go over we're gonna talk about coin mine, he's got some announcements to make and We've also got the live stream going with people tuned in from what looks like all over the world

So should be a lot of fun. Thank you for coming in All right background who the hell are you? That's a good question. I'm still trying to figure it out So founder, CEO of CoinMine these days. We started CoinMine a little over a year ago. Actually, you were one of the very first checks into CoinMine. I don't know why, but I believe. We're still trying to figure out. In fact, a buddy of ours, Brian Nordgaard, puts it the right way. He's all about pre-cap table investing. So cutting an entrepreneur's checks before there's even a cap table. And that was actually you. I think you were one of the first two or three checks into the company.

So we started CoinMine last year. We've got it hiding over here. We have, for those who are just listening, we've got a CoinMine sitting here that I actually have in the office mining every day. Right now it's mining Grin, but in a few minutes here, it may be mining something else. So basically CoinMine, you know, looks like an Xbox. It's a plug-in crypto device. it'll mine it'll be a bitcoin lightning node soon here we've got some cool things we're announcing today that'll tell you even more about what it does so when we first talked and you said you're gonna go build this i think the exact pitch was uh it is a consumer focused miner yep that you pull out of the box you plug in the wall yep it looks pretty it's nearly uh silent yeah and it

pulls less power than a playstation from the wall yeah and here you go i said that sounds amazing let's do it that was a year that was a year ago and right now it's sitting in sitting in your office and so let's talk about uh let's talk about the product first and then we'll talk about kind of what some of the implications are uh for the world because i think that's some of the stuff that got really excited about um what's inside the box right so the box looks uh pretty clean and you can stick it literally i've had it in my kitchen for a couple of days right before i brought to the office um but what's inside of it from a from a technical standpoint uh insides are it's basically like a really gpu intensive desktop computer okay right uh it's kind of like a

playstation yep or an xbox they're they're basic on the sort of generalized computer side they have like a hardcore gpu in them yep so that's what our device does uh and since it's like that and since we built the operating system ourselves, it's called MineOS, we can do anything we want with the device. Yep. So it can be a Bitcoin lightning node. It can simultaneously mine Ethereum. It can be a couple of other things that I'll share a little bit later in the show. So it's basically a computer that we can do anything with. So I'm pulling up right now as well, the mobile app that comes with it, because part of this is, so when I got the CoinMine, I pulled it out of the box.

The box is awesome. We'll get the box in here because it's pretty cool in terms of a design perspective. But the mobile app is super slick. It's really, really simple to, and it may be hard for people at home to see, but essentially the mobile app allows you to see what you've mined and what you're currently mining, right? So like how much you've mined, it denominates everything in satoshis, which I love. And then it allows you to switch back and forth.

And today, you can mine Ethereum, Monero, Zcash, or Grin all using the same device. Switch back and forth. But let's just get the announcement out of the way. Yeah. You have shipped these all over the world. You've been able to allow individuals to mine from their home very quickly for separate cryptocurrencies. But today, we are announcing a fifth cryptocurrency, which is... Well, you know, we keep our communication lines pretty open with our customers, right?

So you can DM us, you can tweet us, you can chat with us on our website, you can email us. Paul will probably share my phone number after this, and people will start calling me. And we hear one request over and over and over again. It's our number one request. In fact, we might as well bring that box out because it's plastered all over the front of the box. So today we're announcing the launch of Bitcoin on CoinMine. And in fact, you're going to be the one to do it. All right.

So a couple of things here real quick. One is the box that the CoinMine comes in for those that do not have one yet. And you should go get one, which is where can they go get them? CoinMine.com. And because of this launch, we're actually we cut the price by 100 bucks for the weekend. Oh, nice. All right. So you can actually go buy one for $100 off.

And what the box is on the front, it's really, really pretty. But in gold letters, it says – I just dropped the live stream video. This may be the most fun that we have. All right. So what it says is the Times, 03 January 2009, Chancellor on the Brink of Second Bailouts for Banks, Which I think that everyone who is in the crypto or Bitcoin community knows is the message originally with the Bitcoin blockchain. And it really just speaks to why are we all here, right? And so as part of that, what the CoinMine now can do is not only mine Ethereum, Zcash, Grin, and Monero, but it can mine Bitcoin, right?

It's not actually going to technically mine Bitcoin. It's going to make you Bitcoin. Explain how it works. Yeah, I will. And this is actually, I don't think I ever told you this story, but this is you. You're the one that gave me the idea. So right now, this is probably one of my ridiculous tweets. This thing, this is actually, you said this when the first time we met in L.A. at the whatever L.A. conference.

So this thing will make you about 20 bucks a month of Bitcoin right now. and the way it does that is by algorithmically mining whatever protocol converts to bitcoin at the best rate it auto converts it and just gives you bitcoin in your wallet for you so the reason i say it came from you is because something you say over and over again is that crypto and bitcoin and all this stuff is essentially just the automation of the financial world yep absolutely And when you said that at the conference, in my head, I was like, if everything's just automated and it's all programmatic, we can just do everything in the background. So as a person, you open the app, you tap on Bitcoin. In fact, we should probably launch it here.

All right. So as we're on the podcast live, I am about to message in the company Slack to – can we talk about who's on the other end of this? Yeah, we can. And if you want to follow along, you can actually just download the CoinMine app on iOS or Android, and in a second here, you're going to see a BTC wallet appear there. It's not there this second, but POM's going to make it happen. We have the button presser of button pressers. Our very first engineer, actually, is a Navy guy.

He used to sit on aircraft carriers, and one of his jobs was, and they literally call them this, the button presser. Okay. And what was he doing on the aircraft carrier? Well, just in case someone tells him to, he has to press a button that launches a nuclear missile into the air. Crazy. A job he's never had to do once in his life, but that was his job. So we got the button presser of button pressers getting ready to press this button. And if anything is as powerful as a nuclear weapon, it's probably Bitcoin. So I'm about to message in the Slack, and they're going to turn this thing live.

And, of course, I can't just say, turn it live. I have to do it in my own style. That's right. I'm going to make sure. I'm going to watch the app myself. I'm like, is this going to happen? So I just said, long Bitcoin, short the bankers, press it live. Let's see this thing go.

And then I'm going to actually turn the coin mine that we have sitting here on the table. And I'm going to make it start mining Bitcoin once the feature is live. This thing is a lot cooler than me to look at so I'm gonna put it right in front of me. Let's see Let's see what the team says While we are they said done So give your app and open and I have it I now have See that orange one right there says Bitcoin So you just go on to your little miner card on the front?

tap on that switch currencies bitcoin press and hold to confirm switching to bitcoin bam status mining bitcoin and now we are mining bitcoin on the coin mine literally sitting here let's see if this thing gives its little tweet in the time that you heard us say that we were going to launch the product oh there you go you're mining bitcoin now the product just got launched and we got bitcoins orange and i was able to go into a mobile app and switch from mining grin to mining bitcoin all in less than what 45 seconds 60 seconds so it's uh it's pretty cool product um on the coin mine side uh what i want to spend time talking about is the ramifications for something like

this in the world, right? And one of the things early on that got me really excited was this idea of like a freedom machine, right? And the quote unquote freedom machine is the idea of people all around the world have a job and they contribute some sort of labor and they get paid for that labor. What the wealthy or the elite are able to do is they're able to use financial resources to gather assets that work for them right and obviously um you know there's uh there's plenty of people who have kind of really explained that well but what a coin mine does is or any mining device for many of these people around the world by simply plugging into their electricity and connecting to the internet this computer the specialized computer it provides an additional

revenue source or an income stream for them right and so you can imagine if you're living in a place where, you know, the average monthly salary is $50 or $10 or whatever it is, if you can get your hands on a coin mine, an S9, you know, something, plug it in the wall, connect it to the network, all of a sudden, you now have a pretty serious incremental increase in your income, right? And so walk me through how you guys are thinking about, you know, this as a computing platform and how it can actually improve or impact the world. Yeah, love to talk about that stuff because that's what got us fired up about this in the first place.

No matter where you are in the world, a Bitcoin is worth a Bitcoin, right? So the awesome thing about that is for somebody in the United States, maybe $20 a month of Bitcoin isn't life-changing. It will be when Bitcoin 10Xs and that's actually 10 times that. But for a lot of people in the world, $20 a month of Bitcoin is a ton of Bitcoin. So in terms of Freedom Machine, this is what you're going to be able to do with your coin mine. So it's creating Satoshis for you now. In a couple months, we're going to launch the Bitcoin Lightning Node that's already on the device.

The device is already synced to the blockchain. The software is almost completely finished. We'll do an over-the-air update just like we did to launch Bitcoin Mode. And you'll start automatically being able to put your Bitcoin into your Lightning Node. And your Lightning Node will help you grow the Lightning Network, which will just help grow Bitcoin's success. And that's when we're really talking about freedom, right? Because now if you have your own Lightning Node, you can send and receive Bitcoin with anybody in the world for free instantly. Other people can route their Bitcoin payments through you.

You can earn fees on it. Another thing that we're hoping to add to it is a BTC pay server. So you literally become your own bank. you could run this in your little coffee shop and accept crypto any type of crypto payment it's completely decentralized there's no central authority when you're dealing with that you're just like literally running your own bank because what you essentially could do so when you get a coin mine you pull it out of a box right now right pre before today you could pick one of four cryptocurrencies to mine right now it's going well now what you can basically do is you can say

okay i want to end up with bitcoin and the coin mine will algorithmically mine whatever is most profitable convert it to bitcoin and deposit bitcoin into your wallet yep and then what you're basically saying is you're the the next two kind of uh features that you'll launch are taking that bitcoin and being able to contribute it to a lightning node that's actually in the device yep right and then the btc pay server stuff so really what you're talking about is almost a all-in-one single box that you purchase you pull it out of the box and when you plug it in you now have like a command center for a whole bunch of different functionality in the crypto world now the part to me that's really interesting is um if you look at tesla for example one of the

things that they've done that other car companies just one didn't know how to do or to refuse to do was this over the air updates right so if you think of tesla as a software company that they have a piece of hardware you're driving it but at any point they can push these updates right kind of software updates um same model same exact model for coin mine right so the box that i have today it continues to get better and better over time because you're just pushing these software updates without me having to do anything yeah we have another huge one coming in a couple of weeks that's going to make the whole thing way more efficient take less energy all these things so yeah that's exactly right we do over-the-air updates they happen at nighttime you don't have

to do anything you wake up the next morning your coin mine is more efficient a week ago or a couple weeks ago we launched grin as one of the tokens something like almost 40 percent of uh coin mines switched over to Grin. Grin's price tripled in the time that we launched it. We also shipped some updates that made it quieter, that reduced its energy. So that's one of the cool things by controlling the whole stack, by having the operating system, we can pretty much do anything with it, which is why we can launch a Bitcoin lightning node, launch a BTC pay server. And then one of the other cool things that we're going to start doing is offering services within the app for more things that you can do with your Bitcoin, for example. So our plan is to start

with Cred, which is offering up close to 10% interest on your Bitcoin right now. So you'll be able to open the app and say, hey, I want to put some of my Bitcoin in with Cred and earn some interest on that. That can just happen completely automatically. You can put some in your lightning node. You can put some in this service. We're talking to other folks as well, Compound Finance, block fi uh to figure out ways that people can essentially and those different services have different interest rates and different you know pros and cons to each of them um and that's kind of part of this whole you know decentralized finance world i'll actually tell you if you haven't tried this i really really recommend it i saw the decentralized finance future uh last week

okay it's you anybody can do it it's super easy and it'll pretty much blow your mind so uh you You probably have a Coinbase wallet with some Ethereum in it. Download the MetaMask extension on Chrome or Brave. Send a little bit of Ethereum from your Coinbase wallet to your MetaMask. You can just use the camera in there and send $10. Then just navigate to compound.finance. You don't have to make an account with compound.finance. You literally click on the Ethereum page on that website and you hit supply.

then put 10 bucks of ethereum in there and you're earning interest on that ethereum you never created an account with compound finance nobody in the world can stop what you just did compound finance can't stop it you put a smart contract on the ethereum blockchain and now you're earning interest on that ethereum and nobody in the world can stop it and it was just some taps in an app it's like so close to being totally consumer friendly it felt like you know late 90s internet where you're still doing a little bit like, you know, like Napster and LimeWire where it's like, yeah, maybe my mom can't quite do it yet, but it didn't take me more than five minutes to figure it out. So the part that you're describing that really fascinates me is this idea of

like decentralizing the financial system, but also taking what have previously been highly complex mechanisms or transactions and boiling them down to clicks, right? And I think about this a lot in the sense of what you just described essentially is an asset-backed loan, right? Is essentially one thing. Another is an interest-bearing account, right? All these different features that you're describing. In the traditional financial world, those are products, right? In terms of if you go to bank of america or jp morgan or wherever then you say i would like to get a asset-backed loan good luck right yeah it's gonna take a lot of time you're gonna turn over a lot of your information right and it'll probably be a no and yeah it'll probably be a no and it won't

really be that attractive yeah from an economic and your credit will just take a hit because they did a credit inquiry on you now you now you just have worse credit and no money yeah exactly and so i think that what we're starting to see is uh in the decentralized finance world where all of these products from legacy banking institutions are now getting boiled down to a couple of clicks on a website, right? And so obviously there's a lot of value being created there. That's in the Western world, right? The part to me that becomes even more interesting is when you bring this to areas of the world where they don't have access to asset-backed loans, they don't have access to interest-bearing accounts, right? They don't actually have access to traditional banks and

and kind of infrastructure what we're now talking about with coin mine is you buy a single box you plug it in the wall you connect it to the internet and you have access to banking services and uh certain income generating um activities that previously were unavailable to you right and so the the liquidity or that um you know kind of that that newfound freedom and power it's not even that you or i know what people are going to do with it right it's almost like you're just just giving them tools and then they're going to do amazing creative things with it that will surprise probably both of us i mean bitcoin is the bitcoin is is is the coin right and a lot of people don't talk about this but i think maybe the reason it will become uh the winner is it's

really rare when something solves the problems for poor people and rich people and bitcoin does this and so if you're poor uh you're the little amount of money that you have is already is just being debased with every second. It's getting less and less and less. You don't have much to begin with, and you don't have very many options to do things with whatever money you do have in terms of accessing financial instruments that rich people can. If you're a rich person, you have literal problems like, oh, I'm trying to move $30 million from this account in this country to this account in this country. And I talk to people who are doing this in the traditional finance world, and it's actually an enormous pain in the butt. Most people who aren't busily moving tens of

millions of dollars around the world don't realize this, but it can take weeks. It can take hundreds of thousands of dollars. It can take six different people who need to go to a bank and write a wet signature and notarize something. And what, earlier this year, somebody sent like $45 million of Bitcoin or something for like $4 in 10 minutes. So Bitcoin solves the problem for rich people. Bitcoin solves the problem for poor people. And then when you start adding things like lightning and you're really taking Bitcoin and putting it on an infrastructure that makes it, you know, even more scalable, more liquid, more accessible to people, you essentially end up, like you said, with a completely decentralized finance world where everyone has access to the exact same

financial instruments and the same deal that Warren Buffett gets, you get. And part of this too is there's the infrastructure and products that are built around Bitcoin and then there's Bitcoin itself right and so what you just described is uh sending bitcoin back and forth on the on the blockchain um but also bitcoin as an asset forget the transaction just as an asset without inflation without the ability for somebody to manipulate the currency right you know right now look we're in the middle of uh trade wars being played out on twitter right we've got everyone from the ecb to the federal reserve they're all um manipulating the economy right they're manipulating the currencies and uh you know i i've tweeted recently and i said uh remember the word stimulus is just a

marketing term for we are going to manipulate the economy or we are going to manipulate the currency right now there are certain arguments that i think have validity in terms of why somebody would want to do that but i think in the grand scheme of things the ability for humans to manipulate something that other people's wealth is based on becomes a really really scary thing and we've seen that play out yeah you can't give somebody that power and then ask them not to do it it's just it's just literally impossible you know i like to say it you can have software can be an open source protocol but people can't be an open source protocol people are closed they hide information from each other they play information asymmetry games with each other and they use that to

their advantage into someone else's disadvantage. Open source protocols, open blockchains like Bitcoin can't do that. So it's just a level playing field by default. I actually think that governments are going to love not having to be in charge of the monetary world anymore. It's going to happen eventually. It's certainly, there's plenty of advantages being able to print money whenever you want. But it's sort of like being a, you know, a former crack addict, and you just have crack everywhere in your house all the time and you can't get it out. I mean, that's essentially what the government is. They are addicted to spending money and then you're simultaneously giving that same group the ability to print as much money as it wants to and then

asking them, please don't do that. It's just insane. Let's just not have human incentive structures work. You give someone the ability to spend as much money as they want and print as much money as they want, they'll do both. So Bitcoin actually makes it better for governments. They don't have to they can behave properly and and get away with it instead of listening to their constituents say like print more money and give it to us they can just be like well you know the world is running on bitcoin and these are the rules so this is how much money we have to spend this is why so many people who are pro-bitcoin want to see the government shrink because in their head is like i think you know people said like has there ever been a single year where the government

has shrunk and the answer was like and part of you know what i think has brought a lot of this the forefront around bitcoin specifically is um libra so facebook's new cryptocurrency right and i want to talk about this for a second because um it is fascinating to me that uh we've only heard as far as i am aware in the united states we've heard one lawmaker call for the banning of bitcoin and cryptocurrencies right brad sherman in california um but for the most part uh i think lawmakers are aware of it right government officials are aware of it uh but they really don't mess with it right in terms of hey it's not a security it's this currency and commodity so like let's just kind of leave it there the bitcoiners are going to do their thing right but

but there's no kind of visceral reaction yet to bitcoin um when libra was announced you immediately saw the you know i think it was the deputy finance minister in france freak out then you saw a german official in the uh european parliament then you had in the u.s uh maxine waters has kind of taken at the farthest calling for a halt of the development and yesterday she gave an interview on cnbc that just blew my mind she said they can't run to switzerland and compete with the dollar and what it made me think about is yeah they can well one they can you may not want them to And because the participants in the association are regulated and they want to be good standing companies in these environments, they are more likely to cave to political pressure. So the government will have some kind of influence here and some kind of regulation.

But the part that blew my mind was the competition of money. right governments for a long long time have done everything possible to keep a monopoly on money right and so in the u.s the u.s dollar they do not want anything to compete with that dollar and they've done a great job of it now what you're seeing is it's kind of like the intranet versus the internet right whereas the the u.s government is just an intranet it's an internally they look internal to themselves and they control the u.s dollar yep people outside of the u.s use it yep but it but is it a very centralized intranet yeah you have access to our intranet basically and so now all of a sudden what we're seeing when it comes to money is take

libra which is a step towards bitcoin libra saying wait we want more of an internet like ability right we're going to go get a geographically diverse group of corporations around the world to come together and we're going to govern a new type of currency that we are going to incentivize people to use right so it's more of an internet type approach yep bitcoin is the ultimate internet approach right where it is fully decentralized it is uncontrolled no one can stop it etc we know from history the internet beats the intranet approach yeah right they're scared yep they're totally scared i mean actually i'm not sure they're scared i'm not sure if they're I'm not sure if they understand it enough to be scared.

If they really understood it, I think they probably would be scared or they would just give in now, capitulate immediately. I don't think they truly understand it. And this goes to all the hardcore sovereign individual stuff that we've talked about a ton of times. And sovereign individuality applies to, like, actual individuals, but it also applies to organizations. So what you're seeing Facebook do is essentially assert its sovereign individuality. and if you've read The Sovereign Individual, if you haven't, I highly recommend it. It predicts everything that's going on today. They literally predicted cryptocurrency in 1998,

down to almost a T describing how it's going to work, how it's all going to be based on cryptography. The reason people are vying for economic dominance is because economic dominance gives you military dominance. The world structures itself based around the economics of violence of that time. And so we live in a world of mega nation states because the economics of violence accrue to mega nation states. The bigger your tax base is, the more money you can have, the bigger the military you have, the more you control the world because violence controls the world. What Bitcoin and cryptography say essentially is we can replace violence with security.

No amount of violence can solve a math problem. Every nuclear bomb in the world can be exploded, and you cannot factor a large prime number from doing that. I always talk about Bitcoin as a nonviolent weapon of the people, that when it falls in the hands of the opponent or the wrong hands, it can't be used back against the people. That's right. If you think of a gun, if somebody has a gun and they're shooting at somebody, and then all of a sudden that other person grabs the gun, they can turn and shoot back at the original person. With Bitcoin, it is a way for individuals to, quote unquote, fight back or provide resistance to some of the things that we all know Bitcoin is currently doing. But if all of a sudden government started buying up Bitcoin, it actually would not hurt Bitcoin. It would help Bitcoin.

That's right. Yeah. I mean, Bitcoin is open source. Open source, I think, started a long time ago, but sort of full heartedly in the 70s and 80s. and there was a famous open source lawyer who said this about open source because in the 70s and 80s all the you know fortune 500 companies made fun of open source they're like you know we're so-and-so company we write our own software now they all run on open source and what this guy said which was really prescient was basically open source is a practical revolution that's why it wins the reason all these fortune 500 companies laughed at it and then started using it is because

it's a practical revolution. And I say the same thing about Bitcoin. Bitcoin is not a violent revolution, thankfully. Bitcoin is not a populist revolution. It doesn't need everyone to fill the streets and protest for it. Bitcoin is a practical revolution. The reason it's going to win is it's just practically better than the alternative. I tweeted this survey a few weeks ago, and it was basically like, you have to put all of your money into USD or Bitcoin today, and you can't touch any of it for 20 years which one do you pick 75 percent of people pick bitcoin of course i mean that's that that's the only question you have to ask people it's just a practical revolution it's going to win because it's just better than the alternative uh libra is trying to do the same

thing when it's better mathematically you can actually prove that it is better and you can't crack it you can't there's not you know the u.s government couldn't attack the you know the blockchain. You could do a cartel of different groups that attack the Bitcoin blockchain, but there's a really strong incentive not to do that because you'll have to burn millions or tens of millions of dollars in an attempt to attack it. And even if it works, all you're going to end up doing is essentially completely devaluing this thing that you spent tens of millions of dollars trying to attack. And just attacking it doesn't even really guarantee that the chain is going to end up on your, you know, version that you tried to mess with, right? So there's a strong negative

incentive for even people to cartelize, I don't know if that's a word, to attack Bitcoin. So that's its, you know, most important feature. It's security. Everything, or rather I say everything comes down to trust, right? People talk about it being a trustless system. I like how Balaji Srinivasan puts it. Crypto and Bitcoin are not necessarily about trusting no one. It's about having choice around who you trust so now everyone has to you know and someone else said this and i love it too is like if bitcoin only gets everyone to change their behavior it still wins if bitcoin gets every government to adopt a model that is literally exactly the same as bitcoin bitcoin wins in fact i basically call every other crypto just a version of bitcoin

right it might have some bell or whistle that somebody thinks is important to try to add to Bitcoin. They're all versions of Bitcoin. And because all of this is just automating the financial world, everything can resolve back to Bitcoin. And if there's a reason to do that, it's because its computational network is the most secured. It's most difficult. It's got the most computation behind it. So I think Bitcoin wins because it's a practical revolution. I think Libra is actually trying to do something similar and address a different issue. Obviously, it's more centralized than Bitcoin, but they want something like a hundred different organizations to be a part of it. It's probably more decentralized than the U.S. government's

monetary policy, where like three people get to decide how the whole economy trends. Look, I continue to say that I think Libra, specifically the currency, is a net positive for crypto as an industry and also for Bitcoin. I wrote this thing this past week called the token density theory which essentially uh it's like the restaurant intersection problem right so when you have one restaurant at the intersection and all of a sudden a competitor moves in across the street everyone's like oh man they're going to steal business from the first company right actually both of them go up yeah right you got a third a fourth a fifth a sixth restaurant to that intersection becomes a food court yep the density of it all of a sudden then drives everyone's foot

traffic up same thing in the token world right so each legitimate token that gets introduced and is desirable to some portion of the population actually strengthens the crypto industry right and so everyone benefits from that and it brings me to this idea of there's two options right i don't think that one has to replace the other as much as it is right now we're just faced with two options you can participate in an inflationary human-led financial system yep right or you can participate in a deflationary algorithm led financial system now you have that choice it does not surprise me or you i think that there is a very very controversial split between people as to which one they participate in and it happens to be people who are younger right who are a

little bit more uh open-minded a little bit more globalist who are more familiar with technology grew up with smartphones in their hand, they're slowly choosing to participate in the deflationary algorithmic financial system. That's going to accelerate over time, right? It's just a macro trend that I don't think anyone's going to stop. I agree. I mean, I think if I was going to make a prediction, I think at some point Libra, either Bitcoin becomes one of the reserve currencies that's backing Libra or Bitcoin becomes a global currency that you know seven billion people use maybe a billion and a half or so unbanked people start using Facebook and it still resolves back to the Bitcoin blockchain. Facebook and those hundred consortiums cannot build a

computation network as big and powerful as Bitcoin's because it costs like insane amounts of money to fund the Bitcoin network, and they're not going to pour that money into that amount of computation. So I think even in a world where a billion and a half people are using Libra, I think Bitcoin is still the currency that you resolve back to. Yes, it's the global reserve currency in the algorithm. And it's all programmatic. So it's not like it's a pain for people to resolve back to the Bitcoin blockchain.

It's just like the developer in a couple of weeks and it's done. It's not like for the rest of eternity, people are shuffling bags of money all over the world. So I want to talk about one more thing around Facebook and Libra, and then we'll go back to the CoinMind products. There's some people who are sending in questions. They just want to know if you're going to run for president. They all constantly just write in and say, pop for president, which cracks me up. But so one of the things around Facebook and Libra is I actually don't think that the currency is the most important thing out of everything they announced. To me, it is Calibra, which is the wallet, right?

and and i have this theory that that wallet has a digital identity right so facebook has your identity on the internet it's had your identity on the internet for a long time they were whether you're on facebook or not they have your identity yes well and also they used it as single sign-on you know all this stuff right so it was your it was your identity on the internet for a long time in very in a various uh number of use cases by giving everyone a digital wallet and that wallet again all you know and this is a very kind of watered down version of the truth but the digital wallet just supports computer files right you can put computer files in there and those computer files can represent data yep stocks bonds currencies commodities whatever it's all data

and the reason why it's important is imagine if you have one central product where you hold all of your financial assets stocks bonds currencies commodities but then you also hold your quote quote data your health care data your health uh your um all of like your internet data that you create any sort of content you produce all that's held in one single location because it's all valuable yeah right some of it is financial assets some of it is something that you can permission and sell and and give to people if they are successful in giving this digital wallet and they add support for not only other cryptocurrencies but but kind of all financial assets and all sorts of data facebook will have created a product that becomes your new digital identity right right

because it is the single location where you do all of your transactions right and so to me um there's a parallel here where what you're essentially giving folks with coin mine is you're giving them a bank in a box yeah right to some degree yeah what facebook's doing with the digital wallet is they're giving them an identity yeah right or or a software-based bank in this wallet, you're giving them a physical bank in a box. Let's switch gears and talk a little bit about ROI because there's a bunch of people writing in about ROI. So a couple of things.

One, describe how you think about ROI and the framework you use in terms of like, when does this become valuable? And who are the types of people who should look at buying a coin line? Yeah. So I think, you know, powering crypto networks from home or anything but, like, super large-scale industrial operations, right? So you have three groups of people.

You have the people doing it at home on a very small scale. Then you have people who are doing it like these, like, mini farms. Maybe they got, like, a couple hundred GPUs and, you know, a couple dozen ASICs or something. And then you have these massive industrial setups, right? Regardless of which one you do, you have basically a few options. You can go full DIY, where you build the computer, you install all the software, you just do everything yourself. You can sort of go semi-DIY where you buy these pre-built mining rigs on eBay and Etsy.

And so the hardware is kind of put together, but you've got to handle the software, install the operating systems, and just keep things updated indefinitely. And then you have plug-and-play where you spend absolutely zero time whatsoever. You only spend money. And the way we think about it is one way or another, you have to spend time or money. In fact, we actually talk about them the same way. You spend both of them. So, if you don't, there's lots of great resources for full DIY and semi-DIY stuff. So, like, Hashrate is a good site, Crypto Christopher Walken, Not So Fast,

these guys are all awesome resources for people who want to go full DIY or semi-DIY. There was never any option for people who wanted plug-and-play, for people who would, you know, rather spend their money than their time. So, if you think about the amount of time that it takes to build a device like a coin mine, um and even if you're working at 20 an hour i don't think you can build a device for less than the coin mine cost you to buy because you spend zero time on the coin wine so if you're a you know an uber driver you may be better off going and just doing another you know eight hour shift and making some money and buying a coin mine if you don't want to learn how to build a computer

build the computer maintain the computer update the software when lightning comes out now you're You're like, oh, so now I need some more hardware to build myself a lightning node, and I've got to start doing all this lightning software development. You can totally do that. It's all open source. You can learn to do it. It just takes time. So for some people, they'd rather spend money than time.

And we think we want more people providing hash power to crypto. There's great resources for full DIY and semi-DIY, and now there's a plug-and-play option as well. So the ROI, you just have to make sure you're taking your time into consideration when you're sort of calculating the ROI because I don't think you can actually make something cheaper than a coin mine. Yeah, and so I think there's two pieces here. One is if you want to participate in mining, right,

and contributing hash power to or hash rate to the network, buying a coin mine is the fastest way to get set up, right? Yeah, no time needed. You go to a website, you put in your payment information, you receive it, you pull it out of the box, literally less than five minutes, you're up and running, right? And you never have to update the software. You don't have to add new protocols.

You don't have to add a Bitcoin lightning node, a BTC pay server, all this stuff. And the other piece of this is, you know, I have all these different frameworks that I think of CoinMine in. And the other is it's an accumulation machine. Yeah. Right. Where over time you are dollar cost averaging into your electricity or whatever. You're literally converting your electricity into Bitcoin or one of the other tokens. And what you're able to do is you're able to run this for a very, very long time.

right and so i think a lot of people when they start doing calculations what they look at it and they say is okay i'm gonna uh let's say 20 bucks a month right that you're mining so i'm gonna mine 20 bucks a month i pay x dollars like how long is it going to take yeah but the thing that many folks who are not involved in the mining business uh or haven't previously been miners uh forget is the price appreciation of the asset yep right and so if you look at just this year if you you had plugged a coin mine in at the beginning of the year when Bitcoin was around $3,500, $3,700 and you had been mining, right? All of a sudden, you've almost 3x the value of what you mined. Right. And so that $20 in the first month actually is $60. Right. And so that continues over a period

of time. And I think when you start thinking of it that way and understand a coin mine is going to run for years. Right. You're just going to leave it there, converting your electricity into into crypto it becomes really really attractive and then on top of that when you put in all of the services you wrap around it right again it's just that bank in a box that you're able to participate in the algorithmic financial system with a simple one single purchase yeah that's that's exactly it i mean it just we just cut all the time out of the situation so there's no labor cost from your perspective you're just sort of paying for parts and everything else is going to be taken care of for you and you get all those things in in one foul swoop i mean for you know

i've been building computers since i was a kid uh we started coin mine because we started just building our own crypto miners at home and then we're like hey why don't we make one that anybody can use uh and you know lightning wasn't even a thing when we started building them and even even for myself i'm thinking if i was still just doing this at home when lightning came out i'd be like man now i gotta go build a whole i really want this lightning thing now i gotta go build that and maintain my miner uh and that just means fewer people will do it we think that um when we flip the bitcoin lightning node uh on later this year uh we think we can come close to maybe doubling the size of the lightning network in terms of active channels with funds in them

because again your coin mine will just automatically be funding your lightning channel and you know we'll have thousands and thousands of these out there and right now i think there's about 4 000 5 000 active lightning channels um so our goal is to massively try and grow help the lightning network grow and make bitcoin more successful however we can somebody just said pomp sharply hold on this is hysterical so i said pomp sharpen your look your voice your communication and your skills then in 10 years run for president so basically pomp just that was It was Roger Stone, I think, that said that. Improve your life.

Improve everything in your life. Bob, if you were a better person, you could be the president of the United States. Did you know that? Jesus, what a way to start a Friday morning. That was Roger Stone, I'm pretty sure. He's trying to get you elected if he doesn't end up in jail here. So going back to CoinMind, the thing that is interesting to me, you just described you can mine Bitcoin and then you can contribute right to your Lightning. node right but you don't have to do it it's going to automatically do it basically in a very user

friendly way you'll be able to go into the mobile app you'll just make a couple of taps on the screen and then the coin mine will take care of everything in the background right i like to call it like auto magically right it just feels like how the hell did this box that i have sitting in my room actually do that um do you feel like that's part of what's missing in crypto right in terms of adoption? It's just like the user experience and that auto-magically type user experiences? I mean, it's catching up.

It's like all technologies. When the internet started, you had to be a software developer and you had to know how to use a command line to send an email to somebody in the 1970s. Now it's just a tap in an app. Every type of technology, especially digital computer technology,

follows that curve. It starts off where people are laughing at it and being like, this is a joke. Do you think anybody's ever going to use this? And then a few years later, it's just an app, and people forgot that that was ever a thing. The New York Times used to trash the Internet in the 90s, and literally the reporters of the New York Times,

the most respected publication in the world, said it would never be bigger than the fax machine. And if you just looked at it at that time, I could see how you said that. Maybe it wasn't as good as the fax machine in 1992, but if you assume it's going to get better, then you should be able to sort of watch that curve and be like, oh, wow, this is going to blow everything out of the water. I think Bitcoin and crypto are basically on the same curve.

It's like the late 90s in crypto. And in 5, 10 years, the whole world is just going to be running on these things. That's the main thing that's missing is just ease of use. If you haven't seen the new Lightning Labs, Lightning Wallet, I think they just launched it like yesterday or the day before. It's super slick. It's got a couple thousand downloads already. It's super, super slick, super easy to use. It's like a consumer experience, basically.

So we're inching towards there. And CoinMine, I think Casa did a great job of making something that was a lightning node that was pretty easy for people to use, a little bit of router work. But, you know, like I said, it was like late 90s. We're trying to, you know, get it into the iPhone era of ease of use. And so what do you think moving forward, like what's the most ambitious thing you could see CoinMine doing? When you look out 10, 20 years, what's kind of the goal or dream? If you really want to go there, so, I mean, complete sovereign individuality, a completely decentralized Internet, a completely decentralized monetary system,

and a couple of hundred microsatellites flying around the world with, you know, like Gotenas in here. So now you have a mesh network of computers that are even powered by satellites, and you have a completely sovereign information and money system and it's all because what you're essentially doing right if uh if i let the cat out of the bag in terms of my dream for for the company is it's a trojan horse to build a decentralized network of nodes that's right software that's right right yeah because every single person who buy is a coin mine is providing one node to a network that is connected through software. And so today it is for mining.

Eventually it will be a lightning node, all of these things. But there's a lot you can do when you have hundreds of thousands, if not millions of people around the world who have this computer inside of their home and they're converting their electricity to computing power. Yep, and they can build a mesh network with each other. So ISPs can't stop them from sharing information. you have some low orbit satellites going so even you know the the cops can't show up and stop what you're doing because there's hundreds of satellites flying

around maintaining all this data you can already do that I think with block stream they're already they already have a satellite that's pumping out Bitcoin lightning data so all that stuff is coming and you know that's sort of our vision of coin mine in the future is a coin mine in every home mesh network around the world satellites flying around and completely decentralizing information and money odds odds that bitcoin can become the global reserve currency what's that odds odds what's the probability 75 according to the uh twitter poll that i did and i actually buy that yeah i mean i really think i was actually really surprised i had a couple other people

run that survey too who don't have as much of a crypto following as i did they they had 50 50 people with tens of thousands of just normal people followers most of them i don't even think really understand bitcoin and still they were saying 50 50 people put bitcoin next to the u.s dollar imagine asking this question five years ago i mean if you asked it 10 years ago the answer would literally be like i don't know what bitcoin is 10 years later it's like oh yeah the u.s dollar the the biggest currency in the world for the past whatever how many decades this thing that's done on a computer that was released by some anonymous person yeah i'd say they're equal to each other or maybe Bitcoin is actually a little bit better. That's just a crazy, crazy thing that's

in the general zeitgeist. I mean, a lot of people who buy coin mines are not crypto people, but half the people who buy them are sort of crypto people. Half of them, this is like their first step into crypto. Interesting. And when we when they email, I mean, we get lots of emails being like, when are you adding Bitcoin? How can I mine Bitcoin? Does it mine Bitcoin? Can you add Bitcoin? And we ask them, you know, like why they're interested. And they all literally say the same thing. I know that crypto is the future. To a T, they all say that. I know that it's the future and I want to get involved. That's it. I talk to a lot of investors, obviously, on a daily basis. And when I talk to individuals outside of the finance world, right, so these are doctors, lawyers, kind of all kinds

of, you know, wealthy individuals who, many of them aren't technologically savvy, right? They are, I think they're curious, but not necessarily skilled or savvy. I get a very similar, you know, talk track from them. They say, look, it's very obvious to me that this is going to be important in the future. This is going to be something that is not going to go away, right? And I always wonder if uh those people have better optics into the future potential of certain technologies like money um than the people who actually work in the industry like traditional finance folks who are so ingrained in the weeds and and they feel like you know every single one percent movement up or down is seismic and and you know can is changing the world but if you walk out of that hardcore finance

community and realized nobody knows if gold or snp or whatever went up one percent or down one percent today right they're not paying attention but they're all paying attention to bitcoin but that's 100 right so it's pretty uh pretty interesting um before i wrap up i always do rapid fire questions there we go most important company in crypto other than coin mine most important company in crypto other than coin mine uh it's not a company it's bitcoin great answer uh what do you think is your most controversial thought in bitcoin or crypto my most controversial thought that's a really good one uh i don't i think there's going to be a lot of cryptocurrencies and in fact i don't know cryptocurrency is even the correct term for all of

them i think there are going to be a lot of token operated networks i think everything is going to end up resolving back to bitcoin probably or something so similar to bitcoin it's essentially bitcoin um but i don't see us going to a world where there's only one single sort of cryptographically protected decentralized open source blockchain protocol that people can use what uh before we keep going with the rapid fire questions i'm getting berated on the live stream for discount codes uh we knocked a hundred dollars off the price for the whole weekend what so just go to Just go to coinmine.com. It's $6.99 instead of the usual $7.99.

$6.99, 100 bucks. What percentage is that? That's a good question. That's a big number. I'm not a math guy. Riley? 13%. 13% off.

There you go, people. Thank me later. Yeah. Thanks, Jason. Jason Williams, what up? At J Williams, FSTMED, $6.99. People are now saying, blink if you think I'm sexy. Quantum, I don't think, is a threat. As much as people like to talk about quantum computing completely negating all cryptography, it's just not really the case. Sorry.

You guys on the live stream can go ahead and add in, send in your questions now and we'll answer some of them as soon as we stop the recording for the podcast. What's the one regulation you would change or improve if you could? the one regulation yeah you know it you can name it you and i go on on about it i mean it's the you can take all the cash you have and light it on fire you can put i think that's probably actually illegal to do technically but you can do basically the same thing and go put it all on you know on you know on black at the roulette wheel or you can go buy lottery tickets with all the money you have in the world but you cannot give one red cent to a company and invest in it unless you're already rich it's crazy that is the most un-american thing humanly imaginable uh and you can you can couch it in as much of you know we're protecting people as possible but then why can i

put my entire net worth into a lottery uh but i can't put it into an early stage company i mean one of the things that crypto crypto is crazy and bitcoin is bitcoin did so many things at once people can't get their heads wrapped around it and one of the things that it did is essentially create a new type of fundraising model and so these companies they get into a situation where like in a lot of situations they're actually just doing their cryptocurrency so that they can fundraise but then they have to kind of talk about it as though it's actually going to be a currency but that's not really how they were using it they were using it to fundraise for their protocol for their project and i don't think there's anything wrong with that um it should be like they basically

had to do that because these security laws exist because they can't go on twitter and say hey i'm starting a project and you can invest in it uh and you can send me a dollar to do it that's all illegal to do and so people have kind of like worked around it with crypto and it's because that's the worst regulation imaginable we could unleash an unbelievable amount of like economic entrepreneurship and innovation if everyone was allowed to invest in whatever they wanted to freedom we we're going to get them changed yeah we're going to get changed i mean sec commissioner came out recently and said they're looking at it i don't know if that means it'll get changed soon but there's just no way that it can stay.

Yeah, I mean, my brother and Naval and Angel List actually did a lot to already move the needle on this with the JOBS Act and making it so that things like Republic can exist and stuff like that. So it's happening. Yeah, I think so. Most important book you've ever read? Sovereign Individual or The Tao of Pooh. Who wrote The Sovereign Individual? Sovereign Individual is written by two guys, Sir Something Something and James Dale Davidson.

I think. They actually wrote Blood on the Street, I think, in the 80s or 90s. And then they wrote Sovereign Individual in 1998. They predicted cryptocurrency. They predicted what the microprocessor has done to the world. They essentially predicted Facebook and all these new sovereign organizations that exist. Sadly, they predicted Osama bin Laden three years before 9-11 really yeah crazy i actually haven't read it i need to read it it's your your mind will be you're like the 900th person who told me to read it so this weekend that's what i'm just gonna say yeah it's it's a must read you gotta do it all right uh aliens believer non-believer um it would be really sad if aliens didn't exist in the world man that would be the saddest thing in the world

and it would be even sadder if they didn't have pets. So you think that they have pets? They definitely have pets. I don't see a world where they can't have pets. They might not look like dogs and cats and stuff, but they've got to have pets. Yeah, of course. I mean, if they're social, they have pets. That's where this all started.

Yeah, that's right. It literally started with do aliens have pets, and people were blown away. They'd never thought about that before. It's a great question. Right? like to me it's it might be one of the most important questions of uh our entire life we're except for what's the current price of bitcoin i'm looking at the price of bitcoin

now because people are going crazy in the live stream and bitcoin is at 9900 at the moment and uh does not seem to uh to want to stop until it hits 10k are aliens mining bitcoin that's a good question too actually you know what uh i know whoever said that was uh was joking around but um i read something recently about the scarcity of gold and it basically was talking about gold and other precious metals how much of it is available in asteroids and the idea that there don't hold me exactly this but if i remember correctly it's there's more gold on some of these asteroids than all of the gold we've ever produced on earth and so gold actually isn't as scarce as we think it is yeah it was basically the argument i can get into this okay all right go

gold is actually universally scarce why so to make gold the most insane amount of work has happened gold is actually proof of work so this is what has to happen to get gold uh two stars have to supernova so they two stars have to live for billions of years uh and they have to be so massive that when they die they supernova and what is that supernova is when a star starts dying and all of its mass starts slowly collapsing on the center and there's so much mass that when it kind of all hits together it explodes back out sometimes when supernovas happen you get left with what's called a neutron star okay and a neutron star is a star that's made only out of neutrons. There are no protons or electrons in this matter at all. It's so dense that a tablespoon

of a neutron star weighs about the same as like a million cars. And then these two neutron stars have to crash into each other in space, and they'll make gold. That's the only way gold gets made. Two supernovas, then two neutron stars, and they somehow find each other, smash into each other and that's the only way you get gold in the universe it's universally rare and it inquires requires an insane amount of work to make it but more can get created when there's two supernovas yeah that's the only way gold has ever been created in the entire universe that definition of supernova just got me yeah i know yeah for a friday i don't even know yeah i don't even know what i just read that's pretty dramatic for wikipedia too so you know you know that's legit

yeah absolutely um folks are asking about the drop gold campaign what uh what do you think about this from grayscale basically convincing all the gold investors to drop gold and buy bitcoin instead i mean have gold have bitcoin but have more bitcoin than gold it's pretty good i look at it yeah it is uh bitcoin is the scarcer asset yeah that's right what um what one question do you have for me to finish this up before we take some questions from the live stream do you uh do you think aliens have pets oh yeah no doubt about it i'm actually uh how long have you thought this so all right i've never admitted this on the podcast or on any of these live streams but uh i actually believe that we have likely come in contact

with some form of true spaceship or uh alien life my guess is if i had to put probability we're over 50 probability we came in contact we think there's something weird but we don't know what it is yet so like like we're not cognizant of the fact we came in contact we know that we experienced something that was weird but just haven't yet identified oh wait that was an alien or oh wait that was a spaceship type thing right so that's one the second thing is i would put the probability at i don't know 25 30 percent that we've actually come in like uh unilaterally come in contact where like we've identified that there is some life form somewhere there was some you know whatever they didn't see us but we see them um type situation uh and it is held in all of

these classified documents um and i'm not talking about like oh we have a telescope that like saw a bunch of slimy you know oval-headed like aliens you're cool building like an ant hill you know like an ant dynasty type thing i'm talking more about um we now like we're seeing things up from a scientific standpoint like oh wait does mars actually have water on it yeah it does right oh wait is that a climate you know does that planet have a climate that mimics earth's right so we're getting closer and closer publicly knowing some of this stuff my guess is that there is likely to be a belief or an understanding in kind of the the you know kind of most closed door communities that there's some sort of life elsewhere then the question becomes is it sentient

or not right and that's the part i probably have less confidence in but just the the ability for life to exist somewhere else right i'm probably at like a you know a pretty material number probability that just life at all life at all and we know about it no just that it oh that exists 99.9 what about that we know about it that we know about it over 50 yeah yeah do you think life on earth started on earth what do you mean like what would be a theory as to how it didn't that it came you know life arrived on an asteroid oh that like humans showed up from somewhere all life on earth started with the individual like a single so like a like a tardigrade you know tardigrades are those like

little microscopic weird looking things those things can survive in space interesting they can literally survive the radiation of space the vacuum of space the cold of space um and then they can come back to life i never thought about this before so do you think life on earth started on earth or did it come from somewhere else my guess would be that it was a combination that light like that life is uh both there were certain you know atoms and uh particles and stuff here on earth and stuff floating around like that were that were here on earth yeah and then there's also probably some stuff from off of earth yeah and it all kind of got mixed up together and somehow you and i are sitting here talking into these stupid microphones pontificating about how

life became right but but to me it is um it's actually the thing that i share with uh a lot of like college students probably are like the ones so like all these kids will like dm me on twitter and stuff right and they're like hey man like i'm trying to figure out what i want to do you know whatever that's cool it's cool uh i probably take it more seriously than i should because i only respond when i feel like i've got something good to say right oh i think that's the right call yeah like i don't want to take what you say seriously that's what i'm not being serious about it and you're just popping off some random thing and this guy's changing his life based on something you just yeah like if i was like oh you should go 100 into crypto like i don't know who

you are you know like i have no context i have no information um but the one thing that when i talk to somebody and it's usually not the first conversation but you know if i talk to somebody two three times either over email or on the phone uh i always describe to them this feeling that i've had around um if you think about something like right now there's two galaxies colliding right and then our galaxy is supposed to collide with another one in four billion years right like man we don't matter no right yeah and so if we don't matter make the most of it that's right and to me it's like there's too many people who are trying to optimize for like the things that they think matter when at the end of the day uh we matter so little right in the grand scheme of

things that i talking about space and aliens and all this stuff like it just kind of reminds you it's not nearly as serious right the problems that we have um and so i think that's where like i just keep going back to it like yes there's probably life elsewhere yes we do not fully understand what is going on uh there's over a thousand fucking planets like when did that happen i continue to say this we we had nine we had nine planets when i was in you know elementary school Yeah. And Pluto was one. No, you're right. In your lifetime, we basically found another thousand something planets and some M class planets like Earth, 100%. That's why my motto in life is make noise cause trouble. Make noise cause trouble. Because I mean, I will be quiet

and respectful for 99.9% of the entire existence of the universe. I was not alive. And for the rest of it, I won't be alive later. So I'm alive for this like really, really brief moment. So, So, you know, make as much noise and cause as much trouble as you can while you're here. I love it. All right. Satoshi. Listen, I appreciate you taking time to do this podcast. People can go find the CoinMine at CoinMine.com.

CoinMine.com. You can download the app. We're going to be putting some Satoshis in people's Bitcoin wallets in the app, whether or not you have a CoinMine. Awesome. So go buy CoinMines, go download the app, and then we'll take some questions from the live stream. All right. Appreciate it so much, guys. Thanks, guys. All right, guys. Thanks so much for listening to that podcast.

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Again, BlockFi.com slash Pomp to sign up and start earning interest on your crypto today. Hey, everyone. Pop here. If you like this episode of Off The Chain and want to help us take crypto to the top of the Apple, Spotify, and other podcast charts, please do us a favor and rate, review, and subscribe. To review, simply go to the Off The Chain homepage, scroll down until you see the five blank stars, taking 15 seconds to fill those stars in and leave a quick review goes a long way in helping us take the entire crypto ecosystem to the top of the charts i appreciate you listening and see you next time on off the chain