June 8, 2022

CD66: bootstrapping a bitcoin circular economy and the beef initiative with @modernTman, @Dooowta, @carlostoriello, and @RJCoope

EPISODE: 66

BLOCK: 739907

PRICE: 3284 sats per dollar

TOPICS: beef initiative, shake your ranchers hand, the tennessee beef initiative, circular economy, education, my first bitcoin course, volatility, personal responsibility

Search Citadel Dispatch in your favorite podcast app and click subscribe!

https://citadeldispatch.com/cd66

@modernTman: https://twitter.com/modernTman
@Dooowta: https://twitter.com/Dooowta
@carlostoriello: https://twitter.com/carlostoriello
@RJCoope: https://twitter.com/RJCoope

streamed live every tuesday:

https://citadeldispatch.com

support the show: https://citadeldispatch.com/contribute

twitch: https://twitch.tv/citadeldispatch

bitcointv: https://bitcointv.com/video-channels/citadeldispatch/videos

podcast: https://www.podpage.com/citadeldispatch

telegram: https://t.me/citadeldispatch

stream sats to the show: https://www.fountain.fm/

join the chat: https://matrix.to/#/#citadel:bitcoin.kyoto

02:28 - Introduction and gratitude to supporters

04:02 - Bootstrapping a Bitcoin circular economy and the beef initiative

18:28 - Bitcoin education and the importance of personal responsibility

32:19 - Building relationships and economies with ranchers

38:44 - The importance of ranchers educating others about their work and the decentralization of thought

39:31 - Approaching Bitcoin through conversations with ranchers

55:21 - Addressing concerns about the volatility of Bitcoin

01:09:18 - The need for collaboration and working together in the Bitcoin and ranching communities

01:16:57 - The importance of having a stable food supply and the role of ranchers in providing it

01:17:32 - The need to take action and build a circular economy within local communities

01:18:13 - Importance of getting out there and networking

01:19:08 - Coffee shops accepting Bitcoin

01:20:27 - Bitcoiners coming together for an event

01:21:12 - Educating businesses on accepting Bitcoin

01:23:15 - Local food distribution and adoption of Bitcoin

01:24:28 - Starting a podcast about practical information for business owners

01:25:39 - Beef Initiative and decentralized access to local supply chain

01:26:25 - Bitcoin education program for kids

WEBVTT

NOTE
Transcription provided by Podhome.fm
Created: 3/17/2024 4:25:16 PM
Duration: 5244.317
Channels: 1

1
00:00:32.570 --> 00:00:40.030
Happy Bitcoin Wednesday, freaks. It's your boy, Odell, here for the second dispatch from the new studio in 2 days.

2
00:00:40.435 --> 00:00:43.655
Extremely excited for this conversation. We got a great crew here.

3
00:00:44.275 --> 00:00:50.920
As always, I wanna thank the Freaks for supporting the show and keeping it ad free and sponsor free, purely focused on actionable discussion.

4
00:00:51.460 --> 00:00:58.040
You guys make it possible. I really do appreciate you. Another huge shout out for the Freaks who join us in the live chat and contribute.

5
00:00:58.945 --> 00:01:02.965
You make this show unique. Reminder, if you want to join the live chat,

6
00:01:03.505 --> 00:01:04.485
you go to cildispatch.com

7
00:01:05.105 --> 00:01:06.165
and click that citadel.chat

8
00:01:06.705 --> 00:01:07.205
button.

9
00:01:08.259 --> 00:01:10.840
If you wanna support the show, you can support the show at cildispatch.com,

10
00:01:11.460 --> 00:01:12.680
or you can support it,

11
00:01:13.780 --> 00:01:17.825
via podcasting 2.0 apps, like Fountain Podcasts and Breeze.

12
00:01:18.765 --> 00:01:21.424
As we have gone over in the past episodes,

13
00:01:21.884 --> 00:01:23.344
I am now reading out,

14
00:01:24.030 --> 00:01:24.530
boostograms.

15
00:01:24.830 --> 00:01:26.050
If you send a boostogram,

16
00:01:26.670 --> 00:01:28.850
the highest ones in terms of sats,

17
00:01:29.390 --> 00:01:31.490
get read out light on live on air.

18
00:01:32.415 --> 00:01:37.955
I'm extremely impressed and humbled that people within a day have sent new boostograms.

19
00:01:39.510 --> 00:01:46.330
We have roughneck minor at a 100,000 sats said keep up the great work. Hope this helps. It does help. I appreciate you, roughneck.

20
00:01:46.695 --> 00:01:48.075
We have letter 6173

21
00:01:48.695 --> 00:01:54.314
saying, I support your value for value transaction and would also like to contribute. That's also a 100,000 sats.

22
00:01:54.770 --> 00:01:55.430
Someone boosted

23
00:01:55.890 --> 00:01:59.350
underneath him, which I didn't even know you could do as a reply and said baller boost

24
00:01:59.890 --> 00:02:00.630
for 49100

25
00:02:01.090 --> 00:02:03.115
sats. And then we have law Bitcoin,

26
00:02:03.494 --> 00:02:03.994
25,000

27
00:02:04.295 --> 00:02:10.715
sats. Damn. I missed Bitcoin Tuesdays. Thanks for putting out the great podcast, and to the awesome guests, I've learned a ton from you guys.

28
00:02:12.080 --> 00:02:12.580
Chrysalis,

29
00:02:12.880 --> 00:02:17.140
first time boosting, sending some value for value improvements to the audio quality. Let's go.

30
00:02:17.840 --> 00:02:22.865
Anyway, thank you guys. There's some more boost there. You can read them in any podcasting 2.0 app,

31
00:02:23.325 --> 00:02:25.265
by clicking the episode and clicking

32
00:02:25.565 --> 00:02:27.585
the boost button to read them.

33
00:02:28.130 --> 00:02:34.310
So with all that said, let's get right down to business. Today, we'll be talking about bootstrapping a Bitcoin circular economy

34
00:02:34.610 --> 00:02:35.750
and the beef initiative.

35
00:02:36.925 --> 00:02:41.905
I got 4 awesome dudes here in the brand new studio at Bitcoin Park with me

36
00:02:43.060 --> 00:02:50.920
to have this to have this conversation. I'm looking forward to it, boys. So first off, we have Texas Slim. How's it going, Texas Slim? Hey, Matt. Doing well.

37
00:02:52.265 --> 00:02:56.444
It's gonna be hard to leave Nashville for sure after we're sitting here. I love to hear

38
00:02:57.145 --> 00:03:02.680
it. Slow and steady. Tennessee Slim coming to the coming to the park. You go. You've you've got that trademark now.

39
00:03:03.220 --> 00:03:03.940
We have,

40
00:03:04.340 --> 00:03:15.965
Ryan here, from the Missouri beef initiative. How's it going, Ryan? Okay. Yeah. Real good. Dude, it's a pleasure to have you here. So it was a little bit of a surprise to me. You just walked in about 15 minutes ago, 20 minutes ago. So I, what I say?

41
00:03:16.340 --> 00:03:21.799
I I think I just knocked him. Am I at the Bitcoin house? Oh, yeah. He's like, I'm Satoshi. I was like, who the fuck is this guy?

42
00:03:23.060 --> 00:03:37.519
We have, Michael Michael Atwood here from Oshi, return guest. Good friend. How's it going, Michael? It's doing great, man. Good to be here. Good to record face to face. Fuck, yeah. I think we're gonna do face to face going forward with this batch. It's such a better vibe. Oh, yeah.

43
00:03:37.819 --> 00:03:38.959
And we have Carlino

44
00:03:39.260 --> 00:03:43.280
from Ibex who's been working Ebex, who's been working

45
00:03:44.385 --> 00:03:45.765
in El Salvador on

46
00:03:46.065 --> 00:03:48.085
an education initiative. How's it going, Carlino?

47
00:03:48.385 --> 00:03:51.845
Fantastic. Thanks for having me. Love, flying north to come to the south.

48
00:03:52.170 --> 00:03:54.670
Fuck yes. It's put

49
00:03:55.503 --> 00:03:58.510
flying north to come to the south. It's a pleasure to have you.

50
00:03:59.050 --> 00:04:04.335
So, guys, where do we wanna start here? What are you guys thinking? Well, let's, let's just talk about bootstrapping

51
00:04:04.635 --> 00:04:10.175
and circular economies and, you know, how we're what we're doing within the beef initiative is,

52
00:04:10.550 --> 00:04:18.730
you know, from the very beginning, it's about decentralizing our food supply and how do we get there. How do we look at market access about how we feed ourselves,

53
00:04:19.235 --> 00:04:31.750
and how we leverage Bitcoin and all the technology stacks that are going on right now that we're kinda innovating collectively right now. I think that this point of the the road that we've come to, this is a crossroad

54
00:04:32.050 --> 00:04:34.230
of we're taking it up a notch.

55
00:04:34.764 --> 00:04:42.760
And I think just letting everybody know where we've come from, the relationships that we all have in here, and how they've kinda coalesced together in a symbiotic way

56
00:04:43.160 --> 00:04:48.620
is is the most fascinating thing with me because this is this has been a ride. This has been a journey

57
00:04:48.920 --> 00:04:54.044
journey, like, with me and Michael. It's been what, 7 months, Michael, that we started talking with each other.

58
00:04:54.345 --> 00:05:02.120
Yeah. Maybe it would be we should talk about that later, how that all came back. Yeah. But, you know, it's it's moving fast, but we're in a perfect position.

59
00:05:02.500 --> 00:05:10.824
You know, here today in Nashville, we get to kinda kinda release to the world, like, where we are and and and the confidence we have moving forward. So

60
00:05:13.069 --> 00:05:48.514
fuck. Yeah. I'm excited. Yeah. Hell, yeah. I mean, it's Vibes are high. Momentum's building. It it's it's a no brain I mean, I drove into, Nashville, you know, and I was freaking grinning. I was like, man, this is gonna be tough. And I was like, I'm gonna kinda send a message to Matt that we need a headquarters here in Nashville. So what do you say? Let's fucking go. Beef initiative in Nashville, Tennessee. Right? Yeah. The Tennessee beef initiative out of Bitcoin Park in Nashville. That's what we're gonna do. This is this is the day, isn't it? Mean, that we get to announce to everybody that this is this is a node building, tour that I'm on right now, and I'm calling the Texas to Tennessee barn raising tour.

61
00:05:48.860 --> 00:06:15.845
When was the first time you reached out to me? Was that 3 weeks ago, 4 weeks ago? Yeah. Just about 3 or 4 weeks ago. You know? And I I needed to come with a lot of you know, I wanted to come with a lot of respect and everything because I didn't wanna shill on you. And I was like, man, we gotta have proof of work here. So, you know, Marty took a, you know, took a liking liking to, what I was doing early on, and then I told you, I guess, a couple weeks ago, I was like, it's time for you and I to talk, Matt. Yeah. Our our boy our boy, Marty, reached out to me. He's like,

62
00:06:16.785 --> 00:06:18.005
Slim says it's time.

63
00:06:19.025 --> 00:06:20.645
And I was like, I'm fucking ready.

64
00:06:23.090 --> 00:06:27.270
I remember, Slim called me, and we had a conversation. We, like, talked for, like, an hour,

65
00:06:27.810 --> 00:06:33.495
because when he gets going, you can't you can't stop him. And I got off the phone, and I turned to my wife, and I was just like,

66
00:06:33.875 --> 00:06:46.680
that was one of the best conversations I've ever had. We're gonna fucking do this thing. That I mean, that's what I like to hear, and that's why I don't like to, step up on anybody unless we're ready. And, you know, that's what Michael and I have had a lot of pains because

67
00:06:47.380 --> 00:06:49.735
I've been through a innovation cycle and technology before when I was younger. I'm I'm a little bit older than you guys. You know, I'm

68
00:06:59.630 --> 00:07:03.650
shill your bullshit to people because you get stepped on in the long run. So

69
00:07:04.110 --> 00:07:14.355
being a saying that I'm gonna call up Matt Odell and you saying that's one of the best conversations. I mean, that's what all this is about right now. I mean, we're out there changing people's lives,

70
00:07:14.710 --> 00:07:15.610
and we're out there making

71
00:07:15.990 --> 00:07:19.130
these kick ass relationships, these friendships, these brotherhoods,

72
00:07:19.669 --> 00:07:25.275
and then it comes with proof of work. It comes with respect. Yeah. I mean, I think that's what a lot of people miss because,

73
00:07:25.655 --> 00:07:27.035
you know, Bitcoin is

74
00:07:27.415 --> 00:07:41.289
is obviously a tech project. It's an open source code base. Mhmm. And people get stuck in the code, but ultimately, it's a movement of people. Right? And it comes down to people to actually use these tools, support each other, and work together to actually make any kind of real change.

75
00:07:41.835 --> 00:07:45.775
And that that with what I do within, you know, ranching itself and then agricultural.

76
00:07:46.395 --> 00:07:59.210
So you can't you can't be successful, you know, living a device screen life. You know, you can't do it. You have to and my motto was from day 1, let's go shake some ranchers hands. And that's same with Bitcoin.

77
00:07:59.645 --> 00:08:05.105
And what you've got is it done here in, Nashville. I mean, this collective of spirit that's that's

78
00:08:05.485 --> 00:08:19.935
basically built out this fascinating building that we're sitting in right now is about looking at people eye to eye, face to face, shaking hands, meeting people from all over the world And, you know, saying, hey, let's build this circular economy based on this, ethos.

79
00:08:20.555 --> 00:08:21.935
Let's fucking go. So,

80
00:08:22.395 --> 00:08:24.175
Michael, I mean, I know you've been,

81
00:08:24.810 --> 00:08:32.189
you know, heads down trying to build a Bitcoin circular economy. Where do you fall into this whole beef initiative mission? Yeah. So

82
00:08:32.605 --> 00:08:39.265
we, Slim and I got connected probably about 6 or 7 months ago. It was through Kyle Murphy. Yes. But, actually,

83
00:08:39.820 --> 00:08:42.640
my cofounder cofounder of Oshi, JP,

84
00:08:44.140 --> 00:08:45.279
he had been following

85
00:08:45.580 --> 00:08:45.899
Slim's,

86
00:08:47.395 --> 00:08:59.720
your your blog posts and everything. Yeah. The substack. Yeah. The substack. And he was, like, really interested, and he's like, hey, man. We need to reach out to this guy. We gotta reach out to this guy. We gotta get him, like, plugged into lightning and, like, get him,

87
00:09:00.260 --> 00:09:01.320
like, you know,

88
00:09:01.975 --> 00:09:05.915
we're creating Oshi, and it's like, we need some beef. Like, we Exactly.

89
00:09:06.455 --> 00:09:14.240
I gotta get this in because JP is, he's awesome. He's really into all the regenerative ag and, like, pure protein and all of that. Right?

90
00:09:14.860 --> 00:09:19.895
And for me, personally, I had actually started reading some books. I got, like, shield,

91
00:09:20.355 --> 00:09:27.710
you know, different regenerative rags and, like, stop treating your soil like dirt. And, like, I I totally got, you know, ranch filled in a way.

92
00:09:28.110 --> 00:09:30.530
And I was kind of on the beginning stages of that journey.

93
00:09:31.230 --> 00:09:40.425
And then Kyle Murphy was like, hey. I got someone you need to talk to. Mhmm. And JP had reached out to you, like, the day before that too. We were finally, like, alright. Let's do this.

94
00:09:41.685 --> 00:09:42.824
So then, yeah, we

95
00:09:43.560 --> 00:09:49.660
we chatted. We had a long chat. And from there, it was literally like, alright. I'm doing proof of work. I see you're doing proof of work.

96
00:09:50.440 --> 00:09:56.555
Yeah. Let's move forward. Rolling. Like, let's let's branch out here. I mean, I was predominantly focused on small businesses,

97
00:09:57.095 --> 00:09:58.555
small, medium sized businesses.

98
00:09:58.935 --> 00:10:01.195
I wasn't going out and shaking farmers' hands.

99
00:10:02.600 --> 00:10:06.220
And that's the beautiful thing about Bitcoin. It comes in from all different directions.

100
00:10:07.080 --> 00:10:11.420
And, you know, collectively, we we can all make this happen. I love the

101
00:10:12.605 --> 00:10:13.745
I love the phrase,

102
00:10:14.445 --> 00:10:34.485
shake your ranchers hand or shake your farmer's hand. Mhmm. It's it's infectious and viral. Like, as soon as you said to Marty, he wouldn't shut up about us every episode every time every conversation wasn't it didn't have to be recorded conversation. He just would always just drop it into like, just having a I'm like, oh, I'm going down to Florida. He's like, you're gonna shake your farmer's hand in Florida. Just throw it in there.

103
00:10:34.944 --> 00:10:44.890
It's funny. I I I remember there's a couple of phrases that I came up with, and it reminds me of my childhood in West Texas, you know, hanging out with farmers and ranchers. And

104
00:10:45.295 --> 00:10:49.155
if you did not know how to shake a farmer and ranchers hand, you got your ass kicked.

105
00:10:49.615 --> 00:10:52.595
And so and that's it is. It's very definitive

106
00:10:52.990 --> 00:11:15.910
because it teaches you that you have to look at people in the eyes, and you have to show some respect. You can't hide behind anything when you're talking to somebody like that. So, you know, I came up with harvest of deception, shake your ranchers hand, source of the seed. You know, why do you desire what you desire? And if you go through that sequence of phrases, they're all starting to stick in somebody's mind now, and it's it's kind of a jumping off point.

107
00:11:16.370 --> 00:11:25.235
Then then, you know, like, Marty Marty and I went down, so Slim introduced us to Cole. I don't remember exactly how that introduction happened or the whole way it happened, but then,

108
00:11:26.115 --> 00:11:27.895
we went down there, and and

109
00:11:28.470 --> 00:11:34.570
he shook his rancher's head. That was that was the first moment, I think. It was. That was the moment.

110
00:11:35.030 --> 00:11:38.090
And and it was cool. You know, Cole showed us around the ranch.

111
00:11:38.675 --> 00:11:41.335
I got him set up, with OpenNode at the time,

112
00:11:42.195 --> 00:11:43.575
to accept Bitcoin payments,

113
00:11:44.355 --> 00:11:44.855
and

114
00:11:45.820 --> 00:11:59.235
we paid in Bitcoin right then and there. Fuck. Yeah. I mean, like so it's kinda like this thing, like, Slim's doing the introduction. He's sending the signal, putting out the signal, and in what capacity has OSHA been helping. It's been more of, like, the tech side of things, like, trying to make sure that

115
00:11:59.855 --> 00:12:02.515
that expertise there Right. To make sure everything

116
00:12:03.680 --> 00:12:07.620
people get onboarded, people get going. And Well, this is what I was saying to,

117
00:12:08.080 --> 00:12:09.700
Slim the other day off air

118
00:12:10.320 --> 00:12:11.060
is it's

119
00:12:11.885 --> 00:12:13.745
it's a really powerful partnership

120
00:12:14.045 --> 00:12:14.545
because

121
00:12:15.405 --> 00:12:22.700
you have you have Bitcoiners on one side, and then you have ranches on the other side, And we're very much ideologically aligned,

122
00:12:24.120 --> 00:12:33.634
but we're very different, and we have very different skill sets. Right? And both sides want, they wish they had the skill sets of the other side. So it's truly a value for value relationship,

123
00:12:33.935 --> 00:12:36.755
right, where you have you have the ranchers on one side,

124
00:12:38.459 --> 00:12:54.465
you know, helping us learn, you know, real skills to not be just nerdy city boys. Right? And then you have us on the other side helping them onboard into this global this global economy that's independent of of corporations and governments. And the the mesh of the 2 is insanely powerful.

125
00:12:55.560 --> 00:13:01.899
That's what I saw in the very beginning. And that's how I was able to reflect on my childhood knowing that how a rancher thinks

126
00:13:02.415 --> 00:13:07.555
how a rancher has to operate within the system in which we've, you know, kind of evolved into

127
00:13:08.255 --> 00:13:15.839
one thing that and I think a lot of Bitcoiners are finding this out and use you saw it, especially with that statement right there. You had that moment of clarity

128
00:13:16.620 --> 00:13:23.355
that they they think in a decentralized way, they have to to survive. You know, that Bitcoin Ethos is already in their mindset.

129
00:13:23.975 --> 00:13:39.900
And so once we can learn how to bridge that gap, you know, in the beginning, that's what the beef initiative is. It's it's a bridge. It's a bridge into those 2 parties that are trying to be involved with each other. They don't quite know how to do it. So let's build that protocol that we can actually start understanding

130
00:13:40.584 --> 00:13:42.925
together, and we leverage each other's expertise,

131
00:13:43.305 --> 00:13:46.045
their heritage, legacy moving forward, innovation,

132
00:13:46.584 --> 00:14:15.040
technology stacks, You know, everything does come together, and it all goes basically down to the soil, down to the cow itself, the animal itself. And and here we are, and I didn't know where it was gonna go. I just said I was gonna buy a freaking cow with Bitcoin and, you know, and, you know, go take it across Texas and share it with my friends. And this is, you know, and this is where we are right now. So we've right now, you know, we're selling beef through freaking beef initiative with Bitcoin.

133
00:14:15.505 --> 00:14:24.964
We have proof of work, and and, you know, what's cool about this is Cole yesterday, on air, he says, man, I've traded beef for a full Bitcoin. He's a full Bitcoiner now.

134
00:14:25.730 --> 00:14:26.389
Whole coiner.

135
00:14:26.930 --> 00:14:30.709
Whole coiner. Ryan, I wanna pull you into this conversation. So how did you get

136
00:14:31.170 --> 00:14:34.230
how did you get connected with Slim? How what's what's your story?

137
00:14:34.535 --> 00:14:37.755
So I, I was recapping this the other day. I,

138
00:14:38.135 --> 00:14:39.515
it was January 8th.

139
00:14:40.615 --> 00:14:48.960
Curry went on Rogan and name dropped him. And I I was in the middle of a week. I had taken a week off my job. I'm a sales manager at a car dealership.

140
00:14:49.500 --> 00:14:51.440
And I I had taken a week off

141
00:14:53.165 --> 00:14:56.465
for me and my wife to see if we could feed our family, without

142
00:14:56.925 --> 00:14:58.305
grocery stores. You know?

143
00:14:59.860 --> 00:15:02.200
So we we were coming out I I got 2 kids.

144
00:15:03.300 --> 00:15:08.440
I was just hyper aware all of a sudden. My responsibility didn't end at the grocery store.

145
00:15:08.975 --> 00:15:09.555
You know?

146
00:15:10.335 --> 00:15:16.515
So I I took this week off. I was, like, driving around our rural community. I I live very city life in a rural community

147
00:15:17.250 --> 00:15:20.470
and realize how hard it was. You know, there's lots of signs

148
00:15:20.850 --> 00:15:22.070
with eggs for sale,

149
00:15:22.610 --> 00:15:33.345
but without that relationship there, when do you stop and get the eggs? They're not home. They've got a day job. Whatever that is, you end up with no eggs, or or you end up at Dollar General, which is Right. Usually what happens.

150
00:15:34.339 --> 00:15:36.120
So I I reached out

151
00:15:36.500 --> 00:15:37.320
out out of,

152
00:15:39.220 --> 00:15:49.695
trying out at the time, I was kinda scrambling to build a a little supply chain for my family. I I kind of established this milk route between me and a dairy farmer.

153
00:15:50.130 --> 00:15:52.550
And so I was I was running twice a week,

154
00:15:53.250 --> 00:15:55.430
illegally delivering raw milk,

155
00:15:56.930 --> 00:16:00.115
to, outlaws to yeah. Milks money. To,

156
00:16:00.815 --> 00:16:04.915
to my family and friends, I was kinda using You got Jason Bourne over here. Yeah.

157
00:16:06.760 --> 00:16:07.260
I,

158
00:16:07.720 --> 00:16:09.579
thankfully, in Missouri, we have some

159
00:16:10.360 --> 00:16:11.100
very promising

160
00:16:11.480 --> 00:16:12.540
laws that protect,

161
00:16:13.079 --> 00:16:16.805
for the most part, our our consumption of of raw farm products,

162
00:16:17.345 --> 00:16:18.964
but it is a bit of a gray area.

163
00:16:19.504 --> 00:16:25.150
So overcoming that was what we had been focused on, me, my wife, some friends of mine, and and building

164
00:16:26.010 --> 00:16:36.195
out sort of a delivery model for local goods because farmers and ranchers are busy. And, you know, it needs to be convenient or or it wasn't gonna work for me.

165
00:16:38.310 --> 00:16:46.295
And so I I reached out and and talked, and, he I I said, I think I'm gonna steal your brand and start the Missouri beef initiative. And he said, go

166
00:16:46.935 --> 00:16:52.315
for it. And we whipped up a website, a very, very rudimentary website, planned an event for May 1st, and we just

167
00:16:52.855 --> 00:16:56.130
threw all of our, like, local energy at

168
00:16:58.050 --> 00:17:04.310
at trying to build an intelligence network. You were talking about thing sayings you came up with. Ours was food

169
00:17:04.775 --> 00:17:06.315
intelligence. You know,

170
00:17:06.855 --> 00:17:17.470
I I love the I'm not farmer. Food intelligence is strong. I can I can build an intelligence network, though? And that's where this that's where it started for us, and we're rocking and rolling. So not a farmer, not a Bitcoiner?

171
00:17:18.170 --> 00:17:18.670
Bitcoiner?

172
00:17:19.130 --> 00:17:20.590
I came into this as a Maxi.

173
00:17:21.130 --> 00:17:24.175
Oh, let's fucking go. Yeah. Came in as a maxi.

174
00:17:26.315 --> 00:17:28.655
Bitcoin led me to truth. Truth

175
00:17:28.955 --> 00:17:30.095
showed me the deception,

176
00:17:30.395 --> 00:17:33.120
and the deception freaked me the fuck out.

177
00:17:34.620 --> 00:17:41.825
Well, feel that I was I was scared about how I was gonna feed my family. I'm not scared now. I've got a local supply chain bill. It's empowering.

178
00:17:42.925 --> 00:17:44.625
Proof of work. Amen.

179
00:17:45.245 --> 00:17:45.745
Carlinho,

180
00:17:46.285 --> 00:17:47.745
how you feeling over there?

181
00:17:48.525 --> 00:17:49.825
Good, man. I

182
00:17:50.130 --> 00:17:50.630
I,

183
00:17:51.810 --> 00:17:53.030
I live a city life

184
00:17:53.490 --> 00:18:00.644
in I live in Guatemala City. It's a major metropolis in Central America, and I'm very disconnected from my food sources. And,

185
00:18:01.365 --> 00:18:01.865
I

186
00:18:03.125 --> 00:18:05.065
want to contribute to to

187
00:18:06.720 --> 00:18:11.380
reducing the deception, you know. And so I hope that the technology we're building at Ibex

188
00:18:11.760 --> 00:18:12.960
is is helpful for that.

189
00:18:13.600 --> 00:18:15.460
And I'm particularly passionate about

190
00:18:16.895 --> 00:18:20.115
the education piece and and how you maybe right now,

191
00:18:20.495 --> 00:18:21.615
Bitcoiners have,

192
00:18:22.015 --> 00:18:40.845
skills that ranchers don't. But I'd put money on if we do, certain things right within a generation, that's no longer the case. Right. The Bitcoin Bitcoiners better get their shit together because So we gotta get all the information for the ranchers before they get the Bitcoin information. Yeah. It's a lot easier to learn how to be a Bitcoiner than to learn how to be a rancher. I'd wager. Don't tell them that.

193
00:18:41.785 --> 00:18:43.789
So, So, Carlene, you know, 1st and foremost,

194
00:18:44.090 --> 00:18:45.549
I'm I'm assuming you haven't

195
00:18:45.929 --> 00:18:47.390
shook your rancher's hand yet.

196
00:18:47.770 --> 00:18:57.424
I have not. Wait. That's you gotta get that done first. I gotta yeah. I gotta do that. So let's talk a little bit about your education experience in San Salvador. I mean, you guys are doing a proper Bitcoin,

197
00:18:58.580 --> 00:19:03.559
course and diploma over there. What have you learned? You know, what has worked? What hasn't worked?

198
00:19:03.940 --> 00:19:07.924
So we're still learning. We're on week 8, I believe, this Saturday

199
00:19:08.385 --> 00:19:11.684
of the first deployment of the Bitcoin diploma,

200
00:19:12.225 --> 00:19:13.045
which is

201
00:19:13.529 --> 00:19:20.669
our contribution to and, the first high school education curricula that I know of, which is in use in a public

202
00:19:21.325 --> 00:19:23.025
school in, Salvador,

203
00:19:23.565 --> 00:19:24.045
in this,

204
00:19:24.845 --> 00:19:29.665
community called San Marcos, which is a satellite community that feeds into,

205
00:19:30.285 --> 00:19:30.945
San Salvador.

206
00:19:31.470 --> 00:19:34.770
And so our kids are between the ages of 16 19.

207
00:19:35.309 --> 00:19:42.215
We're starting with the 1st class of about 50, and the curriculum we built is a 9 week class with a 10 week,

208
00:19:42.855 --> 00:19:44.635
pass, try again exam.

209
00:19:45.174 --> 00:19:48.635
And so it's very skills based. And I think the

210
00:19:50.820 --> 00:19:53.320
doing it in a pass, try again

211
00:19:53.620 --> 00:19:57.159
kind of, format. The more I think about it, I'm a swimmer.

212
00:19:57.565 --> 00:20:03.025
I love to swim, and I think I I consistently think of of Bitcoin as, like, learning how to swim.

213
00:20:03.325 --> 00:20:05.025
It's if if you had to

214
00:20:06.039 --> 00:20:10.779
do an exam with a teenager as to whether or not they knew how to swim, it'd be pretty, you know,

215
00:20:11.080 --> 00:20:19.755
pass fail kind of proof of work shows real quick. And it's like you just check the kid in the pool and very quickly you'll realize whether or not he needs help. Right?

216
00:20:20.235 --> 00:20:21.775
And I think that

217
00:20:22.210 --> 00:20:25.270
if we if we boil Bitcoin down to to the essentials,

218
00:20:25.570 --> 00:20:26.690
maybe it can be like that.

219
00:20:27.490 --> 00:20:29.830
And it boggles my mind how

220
00:20:30.195 --> 00:20:31.655
we have built a

221
00:20:32.035 --> 00:20:33.095
global education

222
00:20:33.715 --> 00:20:34.215
industry

223
00:20:34.675 --> 00:20:38.590
that doesn't teach high schoolers how to swim, for example. That's not required.

224
00:20:39.290 --> 00:20:41.309
Seems like a pretty relevant skill

225
00:20:41.690 --> 00:20:44.030
if one day it could save your life,

226
00:20:44.410 --> 00:20:47.385
and I could It doesn't make you a good citizen. Well

227
00:20:48.345 --> 00:20:50.745
It doesn't make you a good subject. Yeah. It

228
00:20:51.225 --> 00:20:55.164
but but it will keep you from dying that one time when you really needed it,

229
00:20:55.529 --> 00:20:57.690
And and I think Bitcoin is the same way.

230
00:20:58.250 --> 00:21:02.590
You might be able to live your life without knowing how to Bitcoin, but that one time,

231
00:21:03.125 --> 00:21:04.345
might be the difference between,

232
00:21:04.805 --> 00:21:05.625
life and death.

233
00:21:05.925 --> 00:21:06.665
And so,

234
00:21:08.005 --> 00:21:16.919
just like swimming, it's the kind of thing where you just need to work at it, and maybe some people will not be able to do it, but that's a very small percentage of folks.

235
00:21:17.539 --> 00:21:20.360
And if you fail, you can just, you know, keep at it.

236
00:21:20.865 --> 00:21:27.685
So that's that's what we're we're we're focusing on. And hopefully, the the example that, we learned from in in the Cerro del Norte

237
00:21:28.385 --> 00:21:28.885
will

238
00:21:30.110 --> 00:21:30.770
give us,

239
00:21:32.430 --> 00:21:33.010
you know,

240
00:21:33.310 --> 00:21:37.185
the base to to to launch it, in a in a much more global way,

241
00:21:37.585 --> 00:21:42.245
so that anyone, particularly young young kids, can just pick it pick it right up.

242
00:21:43.345 --> 00:21:48.780
That's freaking awesome. That's amazing. Yeah. I love the I love the edge the education part of it. I mean,

243
00:21:49.160 --> 00:21:55.155
we've talked to Matt, you know, I keep on talking in the usually, we're ending our sentences with education.

244
00:21:55.615 --> 00:22:04.750
Always. It always comes down to the education. It is. And people kinda look at education as, you know, it's a pain in the ass, but, actually, education into, you know,

245
00:22:05.930 --> 00:22:08.110
to cow pilling and to Bitcoining.

246
00:22:08.505 --> 00:22:23.320
You know? It it's a fascinating I like ranchpilling better than cowpilling. Well, you know, that that is a Yeah. That's what happened yesterday on the reporting with Cole and Jason And, you know, coming from the ranchers themselves. Say, like, cow pilling? They like cow pilling. It sounds like I'm drugging cows. I know.

247
00:22:24.154 --> 00:22:49.000
The cow wasn't watching his drink, so I like to put something What we're gonna do, our we're starting it right here. We're starting it right here. We're gonna have a we're gonna have a contest. Is it gonna be ranch filling, or is it gonna be cow pilling? Well, the market will decide. Yeah. Exactly. Is gonna win that one. Yeah. I hate to I like ranch pilling. You know, Cole said cowpilling, but I think, you know, he's he's just been too busy right now because he's opened up a processing center. So he's he's definitely, you know, learning how to capill,

248
00:22:49.700 --> 00:22:56.415
in a different way. So, we'll see if it's ranchpilling or capill. But, anyways, going back to the, you know, the education

249
00:22:56.795 --> 00:22:58.175
side of all of this,

250
00:22:59.675 --> 00:23:09.370
what we're gonna you know, the most important thing is I tell everybody this is a lifestyle within the beef initiative because you're getting closer to the source of your seed of nutrition,

251
00:23:09.750 --> 00:23:12.250
and it's something that's based on heritage, tradition,

252
00:23:12.565 --> 00:23:32.185
and all kinds of different legacies that have come before us. We get to leverage that, and we get to kind of project it into the future and be the modern day rancher. And the rancher modern day rancher gets to ranch pill, cow pill, you know, everybody else. There's a there's a symbiotic educational series that are going on here that is a 100% natural.

253
00:23:32.645 --> 00:23:38.020
And in what it is, it's based on, you know, proof of work. It's based on, like, the swimming. That's experiential

254
00:23:38.400 --> 00:23:39.780
training is what that is.

255
00:23:40.160 --> 00:23:49.195
And we had to bring that to Bitcoin. We had to bring it to the ranchers, and how we do that is it seems like it's a free flowing, you know, apparatus that we're developing here.

256
00:23:49.975 --> 00:23:58.770
Yeah. I would say it's critically important, obviously, the education, and then I think sometimes we forget whenever we talk about education. Oftentimes, we just think about, like, speaking,

257
00:23:59.309 --> 00:24:12.820
you know, talking at someone. Yeah. We're really good at that in Bitcoin, for sure, like, we are really good at that. Like Shout out to Bitcoin Twitter. Yeah. Shout out to Bitcoin. Like, we will never shut up about Bitcoin, but I think we forget like, in kindergarten, it's show and tell.

258
00:24:13.779 --> 00:24:22.235
You know? That's also how you educate people so you gotta show them. Like, you have to be like, hey. Look. Let me send you, like, 10 sat whatever. It doesn't matter.

259
00:24:23.434 --> 00:24:24.495
Things like that,

260
00:24:24.955 --> 00:24:25.934
I have noticed,

261
00:24:26.235 --> 00:24:28.895
you know, in talking with business owners and talking with their staff,

262
00:24:30.480 --> 00:24:40.885
it it makes it so much more simplified for them. Like, it's real. Mhmm. And they're like, oh, I can Yeah. There's almost like a laziness that has has swooped into Bitcoin a little bit where it's

263
00:24:41.684 --> 00:24:49.320
in the early days of Bitcoin, it was always, okay. Let me send you your first stats. You know, let's play around with the wallet. Get comfortable with it. Now it's

264
00:24:49.700 --> 00:24:52.520
more it's like, oh, go to this website and deal with it yourself.

265
00:24:52.900 --> 00:24:54.040
Right? Rather than

266
00:24:55.115 --> 00:25:02.015
hold their hand for the beginning, at least for friends, family, people that are in your local community, like person to person is insanely powerful.

267
00:25:02.919 --> 00:25:08.059
And it just makes people so much more comfortable because because they're not just looking at, like, a faceless website.

268
00:25:08.360 --> 00:25:11.500
Yeah. Insanely powerful. I mean and and maybe it's because

269
00:25:12.455 --> 00:25:19.595
maybe people in general have just become a bit more lazy. And I'm not talking about, like, the Bitcoin community. I'm also talking about the people who we are

270
00:25:20.179 --> 00:25:23.320
trying to shill this to. Yeah. I mean, we were talking about this yesterday,

271
00:25:23.940 --> 00:25:27.400
just like our society has bred this lack of personal responsibility.

272
00:25:28.045 --> 00:26:02.315
And, you know, Bitcoin is all about personal responsibility. That's and so it's a sea change of a concept in your head, but that is something that ranchers already get. They already have to live a personal responsibility of life. So I think there's a it's an easier job connect with them. And then to combine that with, you know, shaking your ranchers hand. There's also just, you know, people have gotten less social or less confident. I don't know. Like, the idea of, like before I heard the shaker rancher's hand, the the one I liked was firm handshakes. Mhmm. You know, firm handshakes is a meme. And a lot of people don't, you know, give firm handshakes. They don't look you in the eye.

273
00:26:03.355 --> 00:26:05.294
And it's a symptom of the societal

274
00:26:06.315 --> 00:26:26.485
issues that have compounded over and over. And you basically everyone needs to get rewired to this personal responsibility, to this, you know, personal connection kind of situation, and that's not gonna be an easy process. Like, that will take time. No. And and it brings up a good point. Whenever I was in technology in Austin, you know, I was work I was doing some work for telecommunications.

275
00:26:26.865 --> 00:26:30.640
Our company had gotten bought out by telecommunications, and I got,

276
00:26:31.040 --> 00:26:37.780
basically assigned to do a project. It was it was during time that, we're having more devices in everybody's hands,

277
00:26:38.145 --> 00:26:39.985
And one thing that I was,

278
00:26:40.545 --> 00:26:44.885
decided to do was, write a research paper on the division of interpersonal communication

279
00:26:45.185 --> 00:26:45.685
skills.

280
00:26:46.080 --> 00:27:01.794
And that that was about in 2004, I believe. And since then, you know, we're we're close to whatever, 20 years. But what that has done is led me to remember back in those days and how we used to shake people's hands and how we looked at each other's in the eye. Our society has been socially engineered

281
00:27:02.500 --> 00:27:03.159
to be,

282
00:27:04.500 --> 00:27:05.000
divided

283
00:27:05.380 --> 00:27:06.360
in certain ways.

284
00:27:06.820 --> 00:27:14.255
And with the devices in our hands, the screens that we look at the the division of actually being able to have a really good conversation

285
00:27:14.635 --> 00:27:15.535
has been hijacked.

286
00:27:16.315 --> 00:27:19.535
And in in to be able to do that hardwiring, rewiring,

287
00:27:20.030 --> 00:27:20.930
that reset,

288
00:27:21.630 --> 00:27:29.745
the best way to do it is going out there and shaking a damn rangers hand. I mean, it but people I wonder how many times we're gonna say that. Well, we're gonna

289
00:27:30.465 --> 00:27:32.405
yeah. It's trademarked, I guess, now.

290
00:27:32.785 --> 00:27:36.645
But, what we have to remember is, like, you asked somebody, there's an intimidation

291
00:27:36.945 --> 00:27:47.110
factor there. You know, and if you can overcome the intimidation factor and kinda stand on your 2 feet with some freaking confidence and, you know, grow some balls and go out there and make some new relationships,

292
00:27:47.875 --> 00:27:52.675
All it's gonna do is better your life. It's gonna educate you, and you're gonna go down a freaking,

293
00:27:53.075 --> 00:27:55.815
a road map that's only gonna make your life better.

294
00:27:56.160 --> 00:27:59.060
And us, Bitcoiners, have to take that freaking responsibility.

295
00:27:59.440 --> 00:28:02.820
I mean, it is about accountability. It is a sense of intentionality

296
00:28:03.200 --> 00:28:05.380
that has some agency to it right now.

297
00:28:05.755 --> 00:28:21.400
Because if you're in Bitcoin and you really think that, you know, no matter how good of a Bitcoiner you are, how educated you are, if you're leaving out food, market access, and how you're gonna get market access to feeding yourself and your family, and you're not bringing food into the conversation,

298
00:28:21.784 --> 00:28:23.885
guess what? You're gonna get left behind,

299
00:28:24.265 --> 00:28:31.299
and this isn't gonna start playing out. And, that's what I think people are starting to see, especially in the Bitcoin community.

300
00:28:31.759 --> 00:28:40.904
And I was talking to Cole with, KNC Capital yesterday. And last week, he came up to me and he goes he goes, Slim. I said, I have to give you something. He goes, you're in genius

301
00:28:41.445 --> 00:28:56.580
for doing and starting with the Bitcoin community. He goes, I didn't understand in the beginning why you did this. Stay humble, Slim. Yeah. I am, and I'm about to say it. He and he said, how did you do that? And I said, man, I just I just know how much that you guys needed a voice.

302
00:28:56.894 --> 00:29:00.995
And the the the best voice that we can give are these guys in the Bitcoin community

303
00:29:01.375 --> 00:29:30.780
because what they believe in is truth and honesty and proof of work, and that's exactly what you are. And so that's you know, it was something that was very it was a compliment coming from a rancher, and that meant the world to me. I mean, it it that means a lot. Whenever you have a rancher that's got your back, you know you're eating, you know that they're tough as shit. You know that if you need work done, if you need to network, if you need something, all you gotta do is make that phone call. You you you hook up with them, and here you go. You off you're off to another

304
00:29:31.535 --> 00:29:41.690
stage of proof of work that whatever you need to take care of. Yeah. And and literally, like, people just need to this is what I do. I spend a lot of my time talking with business owners

305
00:29:42.150 --> 00:29:42.650
about

306
00:29:43.350 --> 00:29:47.210
how they can accept Bitcoin or why should they should accept Bitcoin and just showing them.

307
00:29:47.510 --> 00:30:00.490
You know, we spend a lot of time on the product side of things, but it's really just learning, like, how we can kinda break through and get get to these ranchers or small business owners or whatever it may be. The tools are there. And like you're saying, like,

308
00:30:01.430 --> 00:30:09.355
people love talking about Bitcoin. I mean, people love bashing people on Twitter. Like, it's fun, you you know, whenever they say something off the wall about Bitcoin.

309
00:30:09.735 --> 00:30:16.690
But, like, that needs to make its way out. But, you know, just show a little grace, though, because most of these people, what I'm what I'm finding out is they

310
00:30:17.169 --> 00:30:18.470
are completely ignorant.

311
00:30:19.009 --> 00:30:26.470
Yeah. What's going on outside of Bitcoin or outside of Bitcoin, Twitter? Like, no one knows what's going on with Bitcoin. I I talked to a guy the other day. He was like,

312
00:30:26.835 --> 00:30:33.175
yeah. What I you know, I almost bought some back in, like, 2009. I mean, you know, they always have this story. It's the same story. And

313
00:30:33.475 --> 00:30:37.399
and and, and he was like, what's what is it at now? Like, $1,000

314
00:30:37.779 --> 00:30:38.519
or something?

315
00:30:39.059 --> 00:30:41.539
And I'm like, no. No. It's not. It's,

316
00:30:42.740 --> 00:30:46.135
30,000. And he's like, what? No way. Really? I mean,

317
00:30:46.674 --> 00:30:51.815
people, they have businesses to run. They're busy. Like, they don't have time to pay attention to this like we do. But

318
00:30:52.195 --> 00:31:03.179
what's really interesting is now and and I think it's has a lot to do with beef initiative too. It's like people are literally going out to their farmers markets. They're going, hey, Michael. Like, hey.

319
00:31:03.655 --> 00:31:13.640
Or they're probably talking to you, and then maybe you send them to me. Like, hey. I got this. I I got this guy that wants to sell beef or this or that or eggs or whatever. And, how do I get them set up with Bitcoin?

320
00:31:13.940 --> 00:31:15.880
And I'm like, I got you. Like,

321
00:31:16.260 --> 00:31:19.560
I'll get it set up. I recommend Ibex, like first and foremost,

322
00:31:20.340 --> 00:31:24.465
like, thank you. Hands down. Yes. By the way, just like, you know, a totally,

323
00:31:24.845 --> 00:31:26.785
like, honest, honest plug there.

324
00:31:28.100 --> 00:31:31.080
And yeah. So that's just something that that I

325
00:31:31.700 --> 00:31:32.600
I highly recommend.

326
00:31:33.780 --> 00:31:39.875
Get out there. Yeah. And, the one of the you you mentioned the social engineering about how to,

327
00:31:40.255 --> 00:31:49.770
keep people from having honest conversations. Mhmm. I think one of the the main tools that at least the financial system has used is the idea of complexity and, like, talking down especially to to folks,

328
00:31:50.390 --> 00:31:52.650
that haven't had access to to, you know,

329
00:31:53.585 --> 00:31:54.725
higher quality education,

330
00:31:55.505 --> 00:32:02.245
of, you know, you you can't understand this. Like, this is this is beyond your grasp. This is this this idea of

331
00:32:03.220 --> 00:32:07.800
finance is is something that's only reserved for for the elites essentially.

332
00:32:08.420 --> 00:32:11.560
And that's where the importance of just dispelling that complexity

333
00:32:11.875 --> 00:32:12.615
and saying,

334
00:32:12.915 --> 00:32:16.055
make, you know, make sure shake your answers hand

335
00:32:16.515 --> 00:32:19.015
and hopefully, take take the opportunity to

336
00:32:19.480 --> 00:32:26.460
show them that they can just write down 12 words and protect their value and and and their family's, patrimony and build generational wealth.

337
00:32:27.225 --> 00:32:52.745
Just doing that, so that you're not you're not talking about, you know, don't go into the the complexity of of how the financial system works and and and all that. Just, you know, let me just show you a skill. This is this is like riding a bike. This is like learning how to swim. Like every single person in the planet can do this. You don't even what we're finding with with teenagers, you don't need to know English. I mean, it'd be awesome if we could start getting, you know, more access to

338
00:32:53.909 --> 00:32:55.049
to other language,

339
00:32:55.590 --> 00:32:57.049
you know, tools, but

340
00:32:57.590 --> 00:32:59.130
you can you can do this.

341
00:33:00.150 --> 00:33:01.175
And and

342
00:33:01.975 --> 00:33:04.875
there's like, like, I was saying earlier, there's actually a

343
00:33:05.575 --> 00:33:07.115
much higher threshold,

344
00:33:07.575 --> 00:33:19.240
of of or barrier to entry for Bitcoiners to become renters than there is for renters to become Bitcoiners, you know. So so shake that hand and and and try to bring them along and just cross that chasm that's that's really just, you know,

345
00:33:20.725 --> 00:33:26.585
a mental barrier that's been built up by this engineering. And it's it's just one one person at a time. Yeah.

346
00:33:27.205 --> 00:33:27.705
And

347
00:33:29.010 --> 00:33:30.950
another important thing remember is

348
00:33:31.730 --> 00:33:33.990
when you go out and you shake a ranchers hand,

349
00:33:35.010 --> 00:33:35.910
you're offering

350
00:33:36.495 --> 00:33:37.235
a relationship,

351
00:33:37.535 --> 00:33:41.555
an economy. That's what we're that's what we're talking about. We're talking about building

352
00:33:42.255 --> 00:33:45.315
our own economy because of fiat the fiat one's collapsing.

353
00:33:46.630 --> 00:33:57.385
And so if we're gonna do that, you know, it's not you you go shake your farmer's hand, and then you go shake it again, and you go shake it again, and you start buying your groceries from that farmer.

354
00:33:58.245 --> 00:33:59.385
You know, eventually,

355
00:34:00.805 --> 00:34:07.279
that's what we're talking about. Right? You're building rapport. You're building a relationship, and and eventually I mean, the idea is

356
00:34:07.980 --> 00:34:12.825
you're you're not you're not gonna be orange peeling ranchers. You're going to be

357
00:34:13.685 --> 00:34:18.505
one half of an account, a ranching economy, a farming economy in your local

358
00:34:19.125 --> 00:34:21.065
jurisdiction. And when that happens,

359
00:34:22.780 --> 00:34:24.640
you you you are the

360
00:34:25.180 --> 00:34:27.840
customer. You're the client of choice.

361
00:34:28.300 --> 00:34:31.325
Of course, they're gonna accept Bitcoin. They're gonna accept whatever

362
00:34:31.785 --> 00:34:34.685
you wanna compensate them with because you

363
00:34:35.625 --> 00:34:38.525
I'm gonna tell you a secret. You drive down the road and see,

364
00:34:39.150 --> 00:34:41.090
signs that say eggs for 2.50.

365
00:34:41.550 --> 00:34:48.210
It costs more than 2.50 to produce those eggs. Those people don't have that sign out there because they're trying to make

366
00:34:48.525 --> 00:34:53.825
make money. They they want to sell eggs. They want you to come. They want to participate in this economy.

367
00:34:54.205 --> 00:34:55.265
Let's build it for.

368
00:34:55.630 --> 00:34:58.849
Brian, I love the passion. But every time you tap the table,

369
00:34:59.470 --> 00:35:01.250
everyone's ears are hearing that.

370
00:35:02.109 --> 00:35:02.849
Thank you.

371
00:35:03.984 --> 00:35:06.085
And, like, real quick, going back to the education.

372
00:35:06.545 --> 00:35:07.045
And

373
00:35:07.424 --> 00:35:07.924
and,

374
00:35:08.384 --> 00:35:20.710
you know, Bitcoiners are really good at explaining what Bitcoin is, generally speaking, but I've come to find out that they're actually really bad at saying, here's how you actually get set up. Because, personally, what I think,

375
00:35:21.090 --> 00:35:22.630
I think there's a bit of apprehension.

376
00:35:23.155 --> 00:35:25.415
If they go into a place and they say,

377
00:35:25.955 --> 00:35:26.455
hey.

378
00:35:27.635 --> 00:35:31.015
Do you wanna accept Bitcoin, or do you accept Bitcoin? Can I pay with Bitcoin?

379
00:35:31.620 --> 00:35:32.980
What if they say yes?

380
00:35:33.300 --> 00:35:44.454
Yes. We would love to. We just don't know how. What I'm finding, like, by just talking to a lot of very wholesome amazing Bitcoiners is like, they don't know what to do. Mhmm. They'll go, oh, you, download,

381
00:35:44.855 --> 00:35:52.010
you download like, you can do blue wallet or, like, Moon Wallet and Moon Wallet for, like, a farmer's market or The 2 years. That's amazing. Moon Wallet's

382
00:35:52.630 --> 00:35:58.090
great. But if, like, if you have a business like, you're walking to some coffee shop, you have employees, and you have this other there's other, like, needs.

383
00:35:59.830 --> 00:36:00.490
And so

384
00:36:00.934 --> 00:36:03.994
I just think that this, like, wave that's coming right now,

385
00:36:04.775 --> 00:36:20.685
this momentum that's being built, and I'm seeing it. Maybe this is, like, Bitcoin circular economy Twitter. Mean, it's, like, another sect of Twitter. Yeah. You're in a little bubble. Yeah. I'm in a little bubble. I'm in a bubble with you. But But I'm seeing it. Like, I'm seeing people, like, say, hey. Like, I wanna accept Bitcoin. How do I do it in, like, crickets?

386
00:36:21.465 --> 00:36:24.665
Like, no nobody and it's like So we have,

387
00:36:25.780 --> 00:36:35.765
obviously, Oshi has has been instrumental in at least in the American circular economy momentum that we see happening. Like, you download the Oce app, and all of a sudden, you have that nice map.

388
00:36:36.865 --> 00:36:46.300
I mean, I'm against giving location permissions. You don't have to, but if you want to, you get the little blue dot. Me and Michael have talked about how people like the little blue dot showing where they are and where you can spend Bitcoin.

389
00:36:47.000 --> 00:36:49.420
We have our boy, Pedro, in the chat,

390
00:36:49.945 --> 00:36:51.325
on the matrix chat,

391
00:36:51.785 --> 00:36:53.165
and I worked with him

392
00:36:54.585 --> 00:36:56.665
through Bitcoin Magazine because we had,

393
00:36:57.770 --> 00:37:00.990
for the big conference in Miami, a big aspect was trying

394
00:37:01.610 --> 00:37:05.710
to really highlight Bitcoin as a circular economy tool, and there was this Bitcoin Bazaar,

395
00:37:06.125 --> 00:37:09.424
And we created a one pager on how to how to onboard,

396
00:37:09.724 --> 00:37:18.930
you know, just the straight steps, and was using Moon Wallet with 2Us, like, how to how to start accepting Bitcoin without trusted third party or minimize trusted third party.

397
00:37:19.550 --> 00:37:22.450
And then he took that, and he made a whole flyer

398
00:37:22.910 --> 00:37:26.395
that you can hand out you can print and you can hand out at farmers markets,

399
00:37:26.855 --> 00:37:30.875
because farmers markets seem like a very ideal place to start here.

400
00:37:31.735 --> 00:37:37.860
And that is available at bitcoin for local business .com. So you go there. It's all open source. You can make your own changes.

401
00:37:38.160 --> 00:37:39.300
They have it translated

402
00:37:39.600 --> 00:37:40.740
in multiple languages

403
00:37:41.655 --> 00:37:44.474
through different contributors that have done it. I know Pedro speaks,

404
00:37:45.015 --> 00:37:52.539
Spanish, so I think he did the Spanish translation, but I'm pretty sure there's other translations there. But bitcoin for local business.com, you go there, download the pamphlet,

405
00:37:52.920 --> 00:37:55.980
go to your local farmer's market, obviously, shake everybody's hand,

406
00:37:56.335 --> 00:37:59.215
and, hand them that pamphlet. And you don't have to really be too

407
00:38:00.015 --> 00:38:03.555
I think people are, a lot of times, too pushy. They are. You know? Just

408
00:38:03.930 --> 00:38:05.550
most people that come into Bitcoin,

409
00:38:05.930 --> 00:38:06.830
the first touch,

410
00:38:07.370 --> 00:38:08.270
they're not interested.

411
00:38:08.730 --> 00:38:29.474
It's usually the second, 3rd touch. So you're just setting, you know, you're just setting some expectations. You're just letting them know that it exists, that it's an option. If they need that option, then they can go seek it out. What I've found, and this has been a kind of a sequence of events that, you know, I've evolved into and because I get asked 10 times a day, it's like, how do you how do you go about, you know, orange filling a rancher?

412
00:38:30.015 --> 00:38:35.315
And what I found out is that this is this is the doctor around here. This is how you do this.

413
00:38:35.670 --> 00:38:39.770
You go up to a rancher, you shake his hand or her hand, and you say, hey,

414
00:38:40.070 --> 00:38:45.335
educate me, teach me why you do what you do. I wanna know more. Please let me understand

415
00:38:46.115 --> 00:38:51.015
what is it that makes you so special in something that is actually so powerful for,

416
00:38:51.319 --> 00:38:56.780
you know, all this heritage that you bring to us and, you know, the food supplies that you create for so many families.

417
00:38:57.400 --> 00:39:08.765
Once you you that you allow them to educate you first, If you have a rancher that's solid within what they do, their protocol is basically stewarding the land and the cattle themselves, the animal themselves.

418
00:39:09.500 --> 00:39:16.559
They're gonna be very proud about what they're gonna say. They're gonna be very humble, of course, but they are. They're gonna educate you because they put 247,

419
00:39:17.020 --> 00:39:17.520
365.

420
00:39:18.059 --> 00:39:19.165
That's all they do.

421
00:39:19.645 --> 00:39:26.705
They're up at 4 o'clock in the morning. They stay up till 11, 12 o'clock at night, and they do it all over again. They don't ask for a lot of fanfare.

422
00:39:27.160 --> 00:39:33.820
So once you find a rancher that will speak to you and educate you, guess what? All that conversation leads into decentralization

423
00:39:34.360 --> 00:39:38.645
of thought, and then it all leads into Bitcoin. You don't have to talk about Bitcoin.

424
00:39:39.105 --> 00:39:43.765
They start talking about Bitcoin in their own way, then that's how you approach Bitcoin.

425
00:39:44.230 --> 00:39:58.664
You never have to go up to a rancher and say, hey, do you accept Bitcoin? That is the worst thing that you can do. And it's not it's not anything. It's just we're learning as we're going. And if you can take that approach, it's it's kind of a a very good social engineering

426
00:39:58.964 --> 00:40:07.599
way to bring a lot of positivity to their lives to where they go, holy shit. Now I understand why you're shilling me this damn Bitcoin

427
00:40:07.980 --> 00:40:10.800
because you know what? They've been living this way forever.

428
00:40:11.265 --> 00:40:14.965
And I always tell everybody moving forward from here, we were gonna have

429
00:40:15.265 --> 00:40:16.565
a a legacy rancher

430
00:40:17.025 --> 00:40:27.810
that's been doing this for 4 decades. He's gonna understand Bitcoin, and he's gonna innovate Bitcoin more than a lot of Bitcoiners are. And once we can understand and untap and un un

431
00:40:28.440 --> 00:40:33.555
uncover all of that hidden food intelligence that these ranchers bring to the table,

432
00:40:34.175 --> 00:40:37.954
they're gonna innovate even more moving forward within the beef initiative.

433
00:40:39.019 --> 00:40:44.799
And that's exciting because you look at, you know, Cobalt, you look at Jason Rick out at Rick Ranches in Colorado.

434
00:40:45.235 --> 00:40:53.335
I mean, these guys are innovating with the soil, and they're already innovating within the Bitcoin itself, because they're leveraging Bitcoin in

435
00:40:53.720 --> 00:40:55.740
2 different ways, 2 different ranchers.

436
00:40:56.200 --> 00:41:06.925
But they're how they're accessing and how they're obtaining Bitcoin, how they're leveraging Bitcoin. One's a VP of a bank. The other one is a 1st generational rancher. But guess what?

437
00:41:07.225 --> 00:41:09.645
Now they have customers that they're gonna have forever,

438
00:41:10.025 --> 00:41:12.125
basically, in the regional communities.

439
00:41:12.710 --> 00:41:24.234
And I always tell everybody, if you have a rancher and you're not sending them Christmas cards every year, then you don't know that rancher well enough. And and as Ryan was saying, you know, it's that intimate type of relationship

440
00:41:24.535 --> 00:41:28.500
that basically, what is that bridge? What is that bond? Well, it's the decentralized

441
00:41:28.960 --> 00:41:30.420
thought. It's the decentralized

442
00:41:30.720 --> 00:41:33.940
respect. It's it's basically having that, you know, that that protocol

443
00:41:34.400 --> 00:41:39.795
of both the ranching and and Bitcoin itself. Let me slim. You brought this up. I'm kinda curious on your opinion.

444
00:41:41.694 --> 00:41:52.340
Is it alright to send a Christmas card 2 months late? Because usually me and my wife, we we have we have the desire to but it always comes late. Like we owe it. We always send them out way late.

445
00:41:52.800 --> 00:42:04.069
Well, it depends on what you say on the card. Right? I I guess that's a merry Christmas in February. Yeah. Exactly. If you send it 2 months later, the price of Bitcoin has gone up dramatically. He said buy Bitcoin. There you

446
00:42:05.730 --> 00:42:11.190
go. Depends on, you know really bad about that. I mean, we started this card 2 months ago. We just forgot to send it.

447
00:42:14.135 --> 00:42:33.655
But don't send a don't send a rancher a a NFT of a cow. How's that No. No. Christmas card. We would never do that. No. Just a a late Christmas card. That's all. That's all that matters. And that's like, there's so much confusion around. I mean, I've had business owners, like, well, do you also do, like, Doge? I'm like, no. But I don't have to they're just genuinely curious.

448
00:42:33.955 --> 00:42:47.635
Mhmm. Like, they just don't know. And that's totally fair and reasonable. Like like I said, the Let me give a comparison right here. Okay. Most ranchers, of course, now, you know, farmers, ranchers, they have a phone. Right? Okay. They they carry it around. Sometimes they're taking a picture

449
00:42:55.060 --> 00:43:01.480
Some of them might be, you know, freaking cattle report on AM radio. Some of them might be doing a pot they don't have

450
00:43:01.940 --> 00:43:07.165
the amount of time that a lot of us in this centralized world that we're still maneuvering around.

451
00:43:07.625 --> 00:43:17.599
The it's a different world until you know that world and can respect that world. That's whenever you understand how you can communicate, what you're trying to communicate, and what you're trying to educate.

452
00:43:18.619 --> 00:43:20.885
And and once you can kinda understand that

453
00:43:21.365 --> 00:43:27.385
there is people there are people out there that are living in the past because they have to.

454
00:43:27.685 --> 00:43:34.119
They have to be detached from all this noise because they have so much that they're accomplishing every day

455
00:43:34.500 --> 00:43:36.280
to where if they went in there and they

456
00:43:36.580 --> 00:43:37.960
did amount of research

457
00:43:38.265 --> 00:43:45.725
we all have done in the Bitcoin space, they wouldn't be ranchers right now. So once again, that's our that's our ownership, that's our obligation,

458
00:43:46.025 --> 00:43:50.049
and our privilege to be able to go out there and communicate to them in the right way.

459
00:43:54.005 --> 00:43:55.865
And as far as moving forward,

460
00:43:56.165 --> 00:44:08.500
what Michael and I have done right now, and this has been, like, the last 6 or 7 months, How do you onboard? How do you do this? And it's been a tough battle because what we have to do now is Michael's designed

461
00:44:09.200 --> 00:44:10.340
a referral code.

462
00:44:10.645 --> 00:44:13.944
And what it is, it's gonna be something that, you know, within Oshi,

463
00:44:14.325 --> 00:44:22.410
I'll be able to share link to anybody right now, and they can take this referral code that I'm gonna launch tonight after we get done with here at,

464
00:44:23.370 --> 00:44:32.515
at at the new Bitcoin Park is that anybody across the freaking nation now can take this referral code from the OXi app that Michael has designed and engineered,

465
00:44:32.950 --> 00:44:36.570
and they can go out there and do exactly what we've been talking about. And

466
00:44:36.870 --> 00:44:47.585
as far as how mine is kinda set up, it it's my profile. It's it's it's Texas Slim. And what people need to understand exactly what they see tonight is exactly what they can do for themselves.

467
00:44:48.045 --> 00:44:52.065
They can brand themselves, so they can go out there and help the the rancher

468
00:44:52.830 --> 00:45:01.010
save their brand as who they are. So, I mean, me and Michael have gone back and forth on this. Historically, I've been very anti RefLink.

469
00:45:01.335 --> 00:45:01.835
Mhmm.

470
00:45:03.175 --> 00:45:09.035
It's it I mean, particularly in the the grander crypto industry, it's usually used to

471
00:45:12.410 --> 00:45:23.785
encourage the shilling of of bad projects. Mhmm. You see, like, the influencer types on Twitter will just any if anyone gives them a ref link, like, that's their favorite exchange, or that's their favorite project, or that's their favorite,

472
00:45:25.365 --> 00:45:26.825
whatever the fuck they're showing.

473
00:45:27.765 --> 00:45:35.010
Michael has convinced me that there's positive elements to RefLink. The only RefLink I've ever shield was my Oshii RefLink.

474
00:45:35.950 --> 00:45:40.645
I did feel a little dirty afterwards, but that was an accomplishment on his part.

475
00:45:41.425 --> 00:45:44.725
Michael, you wanna talk a little bit about because we were talking off air

476
00:45:45.230 --> 00:45:52.690
about people not wanting to spend Bitcoin and that these different incentives. I mean, you have Sats back. You have the, like, how they are actually

477
00:45:53.195 --> 00:45:56.095
kind of building this momentum and and pushing us forward?

478
00:45:56.395 --> 00:46:02.095
Yeah. So I guess first, I'll just talk about the ref link in the in the from the perspective where Slim is coming from.

479
00:46:03.220 --> 00:46:05.240
So right now, we're basically like, hey.

480
00:46:05.780 --> 00:46:12.745
If you don't know how to get businesses set up to accept Bitcoin like, I've been doing this a long time. I've played around with all the tools.

481
00:46:13.125 --> 00:46:22.970
Like, I know the tools. Oh, if you're an ecom business, sorry, use this. If you're just a small mom and pop shop, you know, use Moon. Like, if you if you're literally at a farmer's market and if the business is open,

482
00:46:24.230 --> 00:46:33.455
you're there. And if it's closed, you're not, like or sorry. If you are there, it's open. If you are not there, it is closed. Like, you run the show. Yeah. You use move. Like, there's all these different

483
00:46:34.075 --> 00:46:34.575
tools.

484
00:46:34.880 --> 00:46:38.420
But always on versus not always on versus Yeah. Yeah. You know? So

485
00:46:39.359 --> 00:46:41.780
a lot of people don't know that, and I guess, you know,

486
00:46:42.145 --> 00:46:48.724
they've been a little too humble. Like, I didn't realize that a lot of people didn't know that. So what we started doing is we're like, hey.

487
00:46:49.105 --> 00:47:10.045
Just just give them this link. They're gonna fill out a little form, and we're gonna contact them, and we're gonna hold their hand. We'll do it for free. If they get on Oshi and they wanna promote their business on Oshi, Oshi is just a tool for that. We're gonna get them set up. We get a bunch of businesses set up with Ibex because that is, like, the best tool for the majority of, like, mom and pop shop businesses that we've found.

488
00:47:11.410 --> 00:47:14.789
If they get on Oshi, great. If they don't, cool. I just got a business set up.

489
00:47:15.089 --> 00:47:19.910
And and maybe whenever they're ready, they'll wanna promote that they accept Bitcoin. Right? And so

490
00:47:20.915 --> 00:47:25.015
in which case, you know, if they get on Oshi and you give them that ref link, like,

491
00:47:25.795 --> 00:47:28.375
that that email is is gonna be connected

492
00:47:28.915 --> 00:47:29.895
to you

493
00:47:30.340 --> 00:47:38.840
as an individual. So if that business starts selling stuff on Oshi, you're gonna get a commission off of that. So we're just trying not to incentivize people to shill Oshi, but to incentivize people

494
00:47:39.655 --> 00:47:40.155
to

495
00:47:40.455 --> 00:47:42.635
to shill Bitcoin and get businesses

496
00:47:42.935 --> 00:47:44.714
to accepting Bitcoin. Right?

497
00:47:46.214 --> 00:47:47.435
And then, you know, from there,

498
00:47:47.990 --> 00:47:52.089
you know, it's all about the incentives, I think. I mean, the credit card industry,

499
00:47:52.549 --> 00:47:54.730
2010, there was only 5% of

500
00:47:55.204 --> 00:47:56.025
of people,

501
00:47:56.484 --> 00:48:01.545
like online commerce, which is what kind of the majority of those those payment methods were for

502
00:48:01.845 --> 00:48:03.785
that early on. There's only 5%

503
00:48:04.559 --> 00:48:05.380
in 2010.

504
00:48:05.839 --> 00:48:07.700
So the credit card companies were like,

505
00:48:08.720 --> 00:48:10.579
we gotta pump these numbers up.

506
00:48:11.039 --> 00:48:18.385
Like, so they started So you're saying 5% of what global or American transactions are So in the US cards? In the US, in 2010,

507
00:48:19.485 --> 00:48:20.385
only 5%

508
00:48:21.340 --> 00:48:31.155
of retail commerce transactions were done online. And I would say, like, you know, the 2000s, like, 2,000, 2010 majority I mean, I feel like majority of people were using the the credit cards

509
00:48:31.775 --> 00:48:47.600
for online commerce. Like, we started seeing Amazon, like, boom. Because you can't pay with cash online, period. Right. Yeah. And so it was just 5% of sales, though. But, you know, back in 2010, now it's about 15, which still isn't very high. So it just You think it was higher? Yeah. You think it was I mean, people are still using their cards

510
00:48:48.175 --> 00:48:48.675
everywhere.

511
00:48:49.215 --> 00:48:56.195
Right. We see businesses going cashless, card only. Right. Right. But it's not like an actual online transaction. So the thing that how I view it,

512
00:48:57.170 --> 00:48:58.070
you know, these

513
00:48:59.250 --> 00:49:01.589
these cards had to incentivize individuals

514
00:49:01.890 --> 00:49:10.634
to, like, drop the cash and basically make sure that Visa and Mastercard and card issuers and payment processors got a cut out of every single transaction everywhere.

515
00:49:11.329 --> 00:49:14.230
Not the 5%, but they they wanna get that 95%.

516
00:49:14.530 --> 00:49:17.109
They wanna get the rest. So they they use incentives.

517
00:49:17.890 --> 00:49:24.055
They you swipe your card, you get 1% back. You get maybe you get 2% back. Maybe if you get 10 cards

518
00:49:24.915 --> 00:49:32.150
and and and you pay it off every month and you spend 300 on this card this month and, you know, a 1,000 on this card this month, we'll give you an extra $100.

519
00:49:32.530 --> 00:49:34.230
Like, they trained us

520
00:49:35.250 --> 00:49:35.750
because,

521
00:49:36.050 --> 00:49:39.625
I mean, whenever the cards first came out, the experience wasn't very good.

522
00:49:40.724 --> 00:49:48.570
It is now. It's pretty damn good now, but it's very costly too. It's costly for the business, and the consumer is just paying more

523
00:49:48.870 --> 00:49:50.810
and getting a little sliver back in rewards.

524
00:49:51.910 --> 00:49:54.170
With Lightning, what we have the option to do

525
00:49:54.744 --> 00:50:00.365
is to use that same incentive structure to, like, weaponize Bitcoin evangelism. Like, we can say, hey. Look.

526
00:50:00.665 --> 00:50:08.740
Get this farmer on. I mean, in theory, like, instead of you know, you can get a little bit of that cut set of Visa. You can keep it local. You can keep everything local. Right?

527
00:50:10.000 --> 00:50:13.535
So that's just that's just kinda how I view it. We have to do incentives. People don't

528
00:50:13.934 --> 00:50:25.310
wanna spend their Bitcoin. And if they have their debit card, it's getting 1% back. And it's bare minimum. You have to hit that 1% threshold. Yeah. Yeah. And, you know, I think, personally, I think it's gonna have to be higher right now.

529
00:50:25.770 --> 00:50:27.710
People that are always using their cards,

530
00:50:28.785 --> 00:50:32.485
they're probably not gonna, like, just start using Bitcoin if they get 1% back.

531
00:50:32.785 --> 00:50:36.725
But, fortunately, businesses are always running promotions of some sort

532
00:50:37.559 --> 00:51:05.225
and instead of doing a discount. I mean, you've been pretty aggressive with it. I've seen some businesses give, like, 50% sats back. They were aggressive. That's just what they wanted to do. That's up to the individual business. Yeah. Yeah. It's not me. No. It's them. I mean, occasionally, we'll do something special. That's a flip of the script. Right? Because, like, card companies, it's always the it's top down. The card company picks what your rewards are. So and, again, it's almost like no. No. Don't worry, though. Like, these business owners can give you, like, coffee points and square stars and all this bullshit that no one wants.

533
00:51:05.845 --> 00:51:13.880
Right? And they lock the businesses out of that. Right? It's it's top down currently, but we can do this bottom up. These businesses wanna run promotions. I go to a business.

534
00:51:14.180 --> 00:51:17.320
They do, like if you spend, like, I guess, $50,

535
00:51:17.700 --> 00:51:20.440
they'll give you $5, like, in their own credit.

536
00:51:20.785 --> 00:51:21.444
That's 10%.

537
00:51:23.025 --> 00:51:25.285
Right. Visa's not giving 10% on shit.

538
00:51:25.665 --> 00:51:35.420
Not at this small business. Right? They wanna do that. Lightning can empower them and give them the option to do that. Right? So Oshi is just a tool to help usher that along. We're not the payment provider.

539
00:51:35.895 --> 00:51:37.115
If they wanna use BTCPay,

540
00:51:37.575 --> 00:51:43.275
use BTCPay. I think that's what's cool about OSHIs that you basically give the merchant an option of how they want to

541
00:51:43.630 --> 00:52:00.680
accept Bitcoin. Yeah. And strictly speaking, between, like, a sovereign way of accepting Bitcoin versus a hosted way of accepting Bitcoin. Whatever they wanna do. And, ultimately, I And there's no conflict there. It's not like you're Right. Like, I'm I'm not like a competitor with or OpenNode or BDC. But, like, I'm helping

542
00:52:01.859 --> 00:52:03.079
merchants realize

543
00:52:03.380 --> 00:52:04.200
the positive

544
00:52:04.660 --> 00:52:07.960
aspects of accepting Bitcoin whether or not they actually wanna hold it.

545
00:52:08.305 --> 00:52:17.125
Like, at least they can start accepting it. Maybe they hold a little bit on their balance sheet. Most of them just hold all of it because it's a small percentage of sales right now.

546
00:52:17.505 --> 00:52:18.005
But

547
00:52:18.370 --> 00:52:23.590
then they can go and shield their customers because if they accept a Bitcoin payment, that's cheaper for them.

548
00:52:24.290 --> 00:52:30.655
Right. They're already saving, like, 3 to 5%. Yeah. So it's You might as well pass that on to the customer. Yeah. They have a financial incentive

549
00:52:31.275 --> 00:52:33.615
to start shilling Bitcoin to their customers.

550
00:52:33.980 --> 00:52:37.680
And that again, that's something I don't think people understand. Like, we're so good at shilling amongst

551
00:52:38.140 --> 00:52:41.040
ourselves. Mhmm. But get the business owners, get the rancher

552
00:52:41.675 --> 00:52:49.455
at the farmer's market to be like, hey. If you pay me in Bitcoin, it's like the cash discount, except it's a Bitcoin discount now. Right? Because cash is trash.

553
00:52:49.760 --> 00:52:52.099
Like, they do that's a Cash is king. Opportunity.

554
00:52:52.559 --> 00:52:53.540
Cash is king.

555
00:52:55.680 --> 00:53:06.185
But yeah. So Well, let's give an example of that. Let's talk about Cole again there in, Austin as far as okay. He's he's orange field. He's accepting Bitcoin for beef. Right? Well, he he actually,

556
00:53:06.690 --> 00:53:07.190
he,

557
00:53:07.730 --> 00:53:10.310
he supplies to restaurants in the Austin region.

558
00:53:10.610 --> 00:53:15.110
How many restaurants are now that buying beef from Cobalt and from K&C cattle,

559
00:53:15.605 --> 00:53:28.640
and they're buying beef basically not yet. We're getting closer to where those restaurants are gonna start purchasing beef from coal with Bitcoin as well. Then once that happens through the Ocea app, you can see that this restaurant is basically,

560
00:53:29.180 --> 00:53:43.050
on the Ocea app. They're buying their beef from coal, and so the Bitcoiners are gonna gravitate to that restaurant. So you have 3 touch points there that they're trading the circular economy within each other. That's what this is how this is moving forward.

561
00:53:43.510 --> 00:53:50.010
At where Ryan is in Missouri, you have you have the hay farmer, you have the hay producer, that hay producer is selling to the Mennonites.

562
00:53:50.535 --> 00:53:57.595
Mennonites are using it to throw their produce and their animals, and then they're selling that produce and animals to the local retail restaurant.

563
00:53:58.049 --> 00:54:00.710
Once again, we get them all basically connected,

564
00:54:01.170 --> 00:54:03.269
doing it through Bitcoin to this decentralized

565
00:54:03.569 --> 00:54:04.950
economy, circular economy.

566
00:54:05.335 --> 00:54:12.395
It's a no brainer. I guess the last piece that's missing there is is the rancher being able to buy his supplies in Bitcoin. Exactly. Feed stores.

567
00:54:12.840 --> 00:54:23.244
What was that? Feed stores. Feed stores. And we're we're working. Actually, Ryan's got a connection with somebody that's pretty deep into the feed stores, you know, and he's opening a processing plant there in Farmington,

568
00:54:23.625 --> 00:54:24.765
Saint Francis County.

569
00:54:25.225 --> 00:54:30.020
And we we just met him. What was that the day before yesterday, 2 days ago? Yeah. Monday.

570
00:54:30.320 --> 00:54:30.820
And,

571
00:54:31.360 --> 00:54:41.155
this is starting to transpire. That's what's you know, I told you guys last night at dinner of that little what's going on in this county in Missouri. It's going on everywhere. We're at the cusp of this,

572
00:54:41.695 --> 00:54:42.175
and,

573
00:54:42.655 --> 00:54:46.755
that's what's exciting. And once we get the visual on people's heads about

574
00:54:47.140 --> 00:54:55.160
market access and how market access works from from the ground up to retail to wholesale to wholesale to retail to consumer,

575
00:54:55.825 --> 00:54:58.565
Market access is something that is never talked about

576
00:54:59.025 --> 00:54:59.525
enough

577
00:55:00.065 --> 00:55:12.830
in in how they're actually attacking market access to animal protein and just food in general right now, this is the best defense that anybody could hope for as far as being the the producer or the consumer

578
00:55:13.370 --> 00:55:14.270
or the retailer.

579
00:55:16.565 --> 00:55:20.265
I'm just curious. What do you tell folks that, are afraid of the volatility?

580
00:55:21.365 --> 00:55:22.985
I tell them that Apple's volatile.

581
00:55:23.420 --> 00:55:24.480
I tell them that Amazon

582
00:55:24.780 --> 00:55:25.260
crashed,

583
00:55:25.740 --> 00:55:26.400
8 times,

584
00:55:26.700 --> 00:55:29.040
and they lost over 80% of their value.

585
00:55:29.340 --> 00:55:32.160
Everything's volatile whenever you're going through innovation.

586
00:55:33.515 --> 00:55:51.285
It's it's basically understanding, you know, in detaching, you know, let's detach from Wall Street, right? And understand what, you know, Bitcoin really is. It's that store of value that they don't understand, but their grandfather understood it. The store of value of a cow was, used to be in the land or it used to be in the cow.

587
00:55:51.744 --> 00:56:00.240
You know? And then, you know what the store, the value, and most of, a lot of ranchers across United States is right now, it's in the USDA insurance policy.

588
00:56:00.779 --> 00:56:06.454
So at the end of the year, they're they're having to file a insurance policy because they didn't break even. That's volatile.

589
00:56:06.835 --> 00:56:08.535
You know, a drought is volatile.

590
00:56:08.994 --> 00:56:11.255
You know, our money in hyperinflation,

591
00:56:11.635 --> 00:56:12.615
that's volatile.

592
00:56:13.200 --> 00:56:17.940
Bitcoin is not volatile. It's a store of value that basically, if you have the time preference,

593
00:56:18.400 --> 00:56:20.099
the patience, and the education,

594
00:56:20.480 --> 00:56:21.940
you're not gonna call it volatile.

595
00:56:23.025 --> 00:56:28.565
Yeah. And and for businesses that are only accepting just a a very, very small percentage of their sales in Bitcoin

596
00:56:29.505 --> 00:56:37.180
Yeah. Like, you know Well, look at Cole. I mean, he, you know, he he has the right to not tell how much that he's but he's accepting Bitcoin.

597
00:56:37.565 --> 00:56:40.785
So all these Bitcoiners have been buying beef from him, which is fantastic.

598
00:56:41.485 --> 00:56:45.905
Well, okay. He's he just announced yesterday, he's already got a full coin. Okay.

599
00:56:46.270 --> 00:56:48.770
Well, if he only wanted to go in and do that 2.7%

600
00:56:49.390 --> 00:56:54.450
credit card fee, then that's fine. And and that's his, you know, he's he has that capability

601
00:56:55.184 --> 00:56:58.484
and the opportunity to do that. He's not given that 2.7

602
00:56:58.785 --> 00:57:00.565
to the credit card companies.

603
00:57:00.865 --> 00:57:10.470
If that's their foot in the door as far as learning how to operate within it, then that's who you start with. And that's the the mentality and the the wherever they are within their understanding.

604
00:57:11.010 --> 00:57:18.905
So there's so many different ways if it's 10%, if it's 50%, percent, you know, these ranchers have to keep on building a business, but leveraging that percentage

605
00:57:19.365 --> 00:57:24.230
that they can decide for themselves instead instead of somebody like the USDA insurance

606
00:57:25.830 --> 00:57:29.109
policy. Carlene, how do you see the volatility question? Well, this,

607
00:57:29.670 --> 00:57:55.275
so hopefully, we will get to the point where it's not a small percentage. Right? And so then at that point, it's not just about, a portion of your income that you're dedicating to store value and you're able to to effectively save for, you know, build generation wealth or whatever your objective is in in in the long term. But so in in the short term, if if those if that amount of of your income is does start to increase, if your expenses are in in in dollars,

608
00:57:55.815 --> 00:57:56.955
then you do need

609
00:57:57.530 --> 00:57:59.310
some kind of exit or or conversion

610
00:57:59.849 --> 00:58:16.650
service. Right? So I'm I'm just wondering how you see that play out for us in in in Salvador, what ended up happening and and what the pushback we got from folks is, you know, we need to be able to turn this into dollars into our bank account as quickly as possible because that's that's what I use. You know, I use my checking account. I use,

611
00:58:17.270 --> 00:58:25.265
you know, cash. And if it's in my bank account, then I can use it. Right? And Visa is offering me that. Right? My relationship with Visa is,

612
00:58:25.724 --> 00:58:34.100
I'll I'll get a you know, I'll I'll keep my deposit slips and, you know, collect all all the payments that I got, and then I'll have the money in my bank account within

613
00:58:35.440 --> 00:58:37.380
5 business days. Give or take. Right?

614
00:58:37.760 --> 00:58:53.920
We we we try to beat that so that it's it's at most 2 business days, but that's what they're used to. Right? And so it's offering that choice of being able to choose how much of the transaction that's, you know, what you can get through Ivex at least in Salvador and and then in Florida at the moment in the United States,

615
00:58:54.860 --> 00:59:06.365
choose how much of that income gets split into Bitcoin verse versus dollars, and it's cheaper. You still get more you keep more of that value if you keep a 100% of the Bitcoin. Right? We we charge 0.7%,

616
00:59:07.500 --> 00:59:12.240
to to facilitate that and enable you to have as many people as you want receiving payments.

617
00:59:12.540 --> 00:59:13.040
But

618
00:59:13.340 --> 00:59:15.200
when it does get to a point where

619
00:59:16.224 --> 00:59:22.244
a significant chunk of your income is in Bitcoin, but most of your expenses are in dollars, you need to solve that. Right? And so

620
00:59:23.340 --> 00:59:31.360
I'm just, you know, wondering how have you seen it play out? Yeah. So yeah. Like I said, most of the time, I see it just they they just keep the Bitcoin.

621
00:59:31.994 --> 00:59:37.135
But, yeah, as the sales go up, then they have bills to pay in dollars because their, you know,

622
00:59:37.435 --> 00:59:39.595
distributors aren't aren't, you know, whatever. So

623
00:59:40.430 --> 00:59:42.370
but the cool thing is is that

624
00:59:42.750 --> 00:59:44.130
that's gonna be how it starts.

625
00:59:45.630 --> 00:59:53.785
And so right now, like I said, most businesses are just holding it. So then I see I foresee, like, yeah. If the sales go up, they're gonna start converting a portion of it. Right?

626
00:59:54.325 --> 00:59:56.424
But then that means that more and more businesses

627
00:59:56.724 --> 01:00:01.700
will be accepting it. So then it's not so much like, look. What am I supposed to do with this? Like, in their mind,

628
01:00:02.160 --> 01:00:05.780
I hold it. And what, like, what if a bunch of different businesses are accepting it?

629
01:00:06.720 --> 01:00:16.035
Then people really have an outlet. Oh, maybe you can pay your producer in in Bitcoin, and, you know, you don't know what percentage he's converting back to dollars. If any, it doesn't matter.

630
01:00:16.415 --> 01:00:21.260
At the very least, they can understand. I mean, it does matter. But at the very least, for for now,

631
01:00:21.800 --> 01:00:22.540
it's like

632
01:00:23.400 --> 01:00:26.060
they can just save on fees at the very least.

633
01:00:26.795 --> 01:00:26.954
Like

634
01:00:27.595 --> 01:00:28.895
and if that's what

635
01:00:29.835 --> 01:00:30.974
orange pills them,

636
01:00:32.234 --> 01:00:35.790
sounds pretty good. There's definitely 2 things here. Right? Because the fir the first thing is,

637
01:00:37.070 --> 01:00:38.610
you know, Bitcoin is

638
01:00:38.910 --> 01:00:43.170
a incredibly scarce asset going through its adoption phase. Right? And

639
01:00:43.915 --> 01:00:53.550
as a result, you see a lot of the short term volatility. But as as time goes on, as more people start using it, as more people start adopting it, not only should the purchasing power increase,

640
01:00:54.490 --> 01:00:58.270
but it should become less volatile. It should become more

641
01:00:59.865 --> 01:01:01.085
stable's a funny word

642
01:01:01.545 --> 01:01:09.325
because pretty much nothing in our world is stable, especially not our money right now, but it should become the most stable money we've ever seen.

643
01:01:09.850 --> 01:01:20.785
That's still a long way, a little bit off. You know? Yeah. And then the other side is kind of what Michael said, which is you know, what percent are you actually bringing in Bitcoin? And I've seen this firsthand because

644
01:01:21.565 --> 01:01:24.225
I kinda kept one foot in the fiat world for a while.

645
01:01:24.925 --> 01:01:26.385
In the last 2 years,

646
01:01:27.119 --> 01:01:29.380
I've basically become, you know, 99%

647
01:01:29.760 --> 01:01:33.220
earning in Bitcoin. The majority of my earnings is in Bitcoin.

648
01:01:33.760 --> 01:01:36.260
And I would be lying if I didn't say,

649
01:01:37.625 --> 01:01:41.805
you know, fortunately, I have a cushion, but I'd be lying if I didn't say, like, it hurt more

650
01:01:42.664 --> 01:01:48.260
this drop, even though this drop is less percentage wise than other drops I've been through. But going from 69,000

651
01:01:48.800 --> 01:01:49.300
to

652
01:01:49.680 --> 01:02:00.055
I don't know that one day we went to 25 k or whatever. I was like, damn, I'm poor now. You know? It's just like unfortunately, I had that cushion. Right? But if you don't have that cushion and a 100% of your earnings are coming into Bitcoin,

653
01:02:00.510 --> 01:02:03.890
you gotta be careful. You need to do some risk management there. Right?

654
01:02:04.910 --> 01:02:11.555
And I also wanted to say there's there's there's there's an additional danger to that, at least in terms of what I'm seeing in El Salvador

655
01:02:12.175 --> 01:02:12.835
is that

656
01:02:13.455 --> 01:02:15.235
that's a need. And

657
01:02:15.935 --> 01:02:21.010
when the market needs that, in the case of a seller, when they were forced into it Yeah. Right,

658
01:02:21.790 --> 01:02:24.290
what has resulted is and and what the government

659
01:02:24.724 --> 01:02:28.984
chose to do was to offer this instant conversion into,

660
01:02:30.244 --> 01:02:32.505
dollars on a government wallet,

661
01:02:33.710 --> 01:02:35.730
which we refer to as Chivo dollars.

662
01:02:36.110 --> 01:02:41.295
Right. And so if Bitcoiners aren't thinking about how to solve for that from the get go,

663
01:02:42.255 --> 01:02:45.875
someone else will and there's probably going to be a centralized

664
01:02:46.734 --> 01:02:47.234
solution

665
01:02:47.694 --> 01:02:48.515
that will

666
01:02:48.890 --> 01:02:58.135
kind of take over the market if the adoption is so fast that there's not enough time for decentralized solutions to pop up for folks. Right? So that let's say, a rancher,

667
01:02:59.075 --> 01:03:03.655
knows a guy that's willing to, you know, pay his supplier's bill,

668
01:03:04.435 --> 01:03:09.480
for a a Bitcoin discount. Right? It's like if those if those relationships aren't built in advance

669
01:03:10.260 --> 01:03:16.265
of when that wave of adoption comes in, suddenly what happens is you have this essentially monopoly

670
01:03:16.805 --> 01:03:28.130
of of of a centralized service providing that that for folks, and that's I'm just here to caution that there's understand why in the case of El Salvador, you kind of have to have that, but the reality

671
01:03:28.510 --> 01:03:37.465
now what we're struggling with is I go to a gas station. I was just there, like, 10 days ago. We went to a gas station that literally Bitcoin accepted here. It said,

672
01:03:39.430 --> 01:03:39.930
bitcoins.

673
01:03:40.310 --> 01:03:45.050
They even said, you know, had it in plural. Bitcoins in plural. Right? That's not the real plural, but continue.

674
01:03:45.785 --> 01:03:50.444
It was it was hilarious. There's no s at the end. Of course. So so so we were just,

675
01:03:51.065 --> 01:04:16.600
we so we're we're stopping here. And when we, you know, go out with the with the person, we say, alright, so we want to pay for the gas. She shows us this, Chivo dollar QR code, which doesn't run on lightning And we tell the the lady, it's like, that's you know, can you charge me an actual Bitcoin? And and and Chivo, you have this, like, convoluted process of finding how to actually make the lightning invoice. Jesus, oh, no. No. No. Just turn your Bitcoin into dollars

676
01:04:17.060 --> 01:04:18.520
and pay me with the dollars.

677
01:04:18.820 --> 01:04:28.980
And I was like, well, but I'm I'm I'm not Salvador, and I don't have your your centralized dollar app. You know, I need to pay you in Bitcoin, and and your sign clearly says that I can.

678
01:04:29.280 --> 01:04:42.495
And she said, no. No. No. I'm and oh. And so she finally understood. She said, no. No. No. We, you know, the the order from on high is we're not accepting that anymore and so it it kind of the it's they created this other problem now where

679
01:04:42.970 --> 01:04:44.430
now everyone's on this

680
01:04:46.730 --> 01:04:47.790
dollar Chivo,

681
01:04:48.410 --> 01:04:53.455
system and because of this volatility Sure. Need that everyone had, and so now

682
01:04:53.755 --> 01:05:05.480
we have the the additional barrier of now I have to explain to this person and reeducate them that that's not Bitcoin, that this other thing is actually Bitcoin. Right? And so I'm just just just a cautionary tale that,

683
01:05:06.040 --> 01:05:14.675
if adoption happens too fast and you're not thinking of those problems and and and looking at ways of leveraging that decentralized network to to create solutions for them

684
01:05:15.000 --> 01:05:15.900
as they happen,

685
01:05:16.680 --> 01:05:18.780
then maybe there will be this, like,

686
01:05:19.400 --> 01:05:27.525
you know, other problems that that Sure. I'm not saying they're worse. I'm just saying it's it's it's an interest it's a new problem. That's one of the reasons why I like,

687
01:05:28.005 --> 01:05:32.424
how you guys structure your fees as well because it's like, look. If you want dollars,

688
01:05:33.390 --> 01:05:34.530
go through the KYC.

689
01:05:35.309 --> 01:05:36.690
It's a pain in the ass.

690
01:05:37.869 --> 01:05:39.490
You're gonna get charged higher.

691
01:05:40.270 --> 01:05:41.410
But if you want Bitcoin,

692
01:05:42.505 --> 01:05:45.005
just paste in your on chain address

693
01:05:46.105 --> 01:05:47.085
and there's no KYC,

694
01:05:47.785 --> 01:05:50.845
and it's really cheap to process the payment.

695
01:05:51.630 --> 01:05:56.710
That's why with OG 2, like, we have all the different providers because we wanna make sure that businesses have the option to, like

696
01:05:57.150 --> 01:05:59.170
so that because there's a lot of lock in,

697
01:05:59.805 --> 01:06:02.445
in the traditional system. Like, you have your bank, your

698
01:06:02.845 --> 01:06:07.345
Oh, that's why it's pretty noble of Carlino to say that. Right? Because Ibex is one of the centralized

699
01:06:07.840 --> 01:06:09.700
dollar providers. Right? So,

700
01:06:10.320 --> 01:06:12.340
it goes against their lock in,

701
01:06:12.960 --> 01:06:14.660
where, like, if you if if,

702
01:06:15.575 --> 01:06:31.599
right like that is you're almost you're almost saying like, we don't want to become one of those centralized providers. But we can offer you that option if you want to. Of course. Yeah. We we want to create the incentives where people actually use Bitcoin. Right? It's like it's it's if you push people into Bitcoin,

703
01:06:32.125 --> 01:06:32.625
then

704
01:06:33.085 --> 01:06:35.665
we hope naturally that'll happen. Right? And,

705
01:06:36.525 --> 01:07:12.645
it's a natural incentive. And and, you know, some folks would tell us, you know, over, you know, if you educate people, they'll end up on b t c pay server and they'll set up their own notes. Like, that would be fantastic. Yeah. We want our clients to become, you know, such Bitcoiners that they're gonna end up creating, you know, their own lightning node and connecting their child to us and, you know, helping us with liquidity. You know, that's also you know, but that's why, yes, it's very important that we we within the the industry understand that we're we're in this together. Right? There's the it's much more important to get everyone on this side and and grow the pie than it is to squabble over the scraps that that we

706
01:07:13.025 --> 01:07:15.570
barely have going around for us. Right? So,

707
01:07:16.050 --> 01:07:16.550
just

708
01:07:17.250 --> 01:07:21.270
but but as a cautionary tale down in El Salvador, it's it's, if you don't

709
01:07:21.730 --> 01:07:26.705
think ahead of of the kinds of problems that your rancher is going to face.

710
01:07:27.085 --> 01:07:32.465
Someone else is going to solve it for them. Right? And then it might even be harder to pull them back. Mhmm.

711
01:07:32.970 --> 01:07:34.830
Yeah. You're right. I mean,

712
01:07:35.130 --> 01:07:35.950
that's the

713
01:07:36.330 --> 01:07:43.445
they they deal with all that kind of volatility and manipulation. Everybody always you know, they they have all these concerns

714
01:07:43.825 --> 01:07:52.390
about the rancher from the outside looking in. Well, I guarantee you, the rancher knows all the volatility he lives with every day. You know, and

715
01:07:52.930 --> 01:07:56.230
that's how they're very powerful once they're they've get that education,

716
01:07:56.850 --> 01:08:00.550
because they can see, you know, they know what true volatility is.

717
01:08:01.085 --> 01:08:12.280
And, you know, right now, let's look at the cattle industry in in the United States. A lot of people don't realize that the last 2 years have depleted a lot of inventory out of our supply

718
01:08:12.660 --> 01:08:16.040
in the United States. Nobody's really talking about it because

719
01:08:16.575 --> 01:08:29.119
people don't understand the industry. You want to talk about volatility, it's coming, and it's going to come to our food supplies. And every rancher that I've talked to in the last 2 weeks, they said, you better get ready, you let everybody know, get ready,

720
01:08:29.420 --> 01:08:34.400
because this is gonna hit and it's gonna hit hard. That's volatility when you can't feed your family.

721
01:08:34.905 --> 01:08:46.800
And so, you know, we squabble about certain things, you know, and I always like to bring perspective into where we are within the innovation of Bitcoin right now, Transactional Bitcoin, right, where you can peer to peer transact.

722
01:08:47.180 --> 01:09:12.695
You know how many years it took to buy a pair of damn shoes on the Internet before you could buy a pair of shoes? You know, that was that was a lot of things that we had to go through. A lot of technology stacks, a lot of layers, a lot of confidence, a lot of trust building, and look at us now. You know, it's no brainer. In the beginning, it wasn't like that. And so if we can bring that perspective in and identify those touch points that we need to be keep on pushing within this wave of innovation,

723
01:09:13.155 --> 01:09:16.295
it's gonna happen. And, you know, that's that's why we have these conversations.

724
01:09:16.950 --> 01:09:22.010
And that's why we ask these questions. The only way to figure that stuff out Yes. Is just

725
01:09:22.550 --> 01:09:28.235
do it. Just get your ass into it. The most important thing about all this. Mhmm. Just, like, get out there,

726
01:09:28.935 --> 01:09:31.755
break shit. We don't have to stop breaking Bitcoin.

727
01:09:32.215 --> 01:09:35.195
Right? Right. Like, get out there, test different things.

728
01:09:36.620 --> 01:09:56.849
That's where it's getting really exciting. I hope everyone understands that. Like, it really is kinda coming coming together, and the innovation is Well, look how far you and I have come from the day 1 and what what Cole had to go through. There was pain points there, and we had to really nurture the relationship with Cole, saying we know this sucks right now. It does suck. We apologize,

729
01:09:57.469 --> 01:10:02.290
but hang in there with us. And it was because he trusted us, and we had established that relationship.

730
01:10:02.965 --> 01:10:12.425
And this is a slow role into innovation, but you're having to move very fast, and you're having to iterate every day. It's iteration after iteration. We get beat up every day

731
01:10:12.790 --> 01:10:17.370
from the cattle industry itself into the financial world itself or within Bitcoin.

732
01:10:17.750 --> 01:10:23.715
You know, we we we battle a lot. I mean, we get hit, you know, every day with new things, people within

733
01:10:24.015 --> 01:10:28.035
the community itself, you know, coming after us. You have success, you know,

734
01:10:28.415 --> 01:10:29.315
that's volatile.

735
01:10:29.850 --> 01:10:35.870
You know? And we have to we have to nurture that relationship where it doesn't seem volatile, but we know it is.

736
01:10:37.895 --> 01:10:38.954
Yeah. Volatility.

737
01:10:40.054 --> 01:10:42.474
I I was thinking a lot about what the question.

738
01:10:44.054 --> 01:10:45.195
It's a hard question,

739
01:10:47.440 --> 01:10:56.955
But like Slim said, everything's about to get real volatile. Everything's about to get real volatile. I I my phone's full of messages from local producers in my area right now about their,

740
01:10:57.355 --> 01:11:01.135
they're raising their prices. Everybody's raising their prices. Everybody's worried about,

741
01:11:01.675 --> 01:11:04.335
raising prices on their eggs, raising prices on their milk.

742
01:11:05.730 --> 01:11:10.630
But it's just gonna happen, and we've seen it happen in a couple of industries, housing,

743
01:11:10.930 --> 01:11:11.430
auto.

744
01:11:11.890 --> 01:11:12.550
You know,

745
01:11:12.865 --> 01:11:17.445
people are going to forget what a carton of eggs is supposed to cost.

746
01:11:18.465 --> 01:11:19.765
And at that point,

747
01:11:22.270 --> 01:11:23.250
at at that point,

748
01:11:23.710 --> 01:11:25.570
Bitcoin seems a lot less volatile.

749
01:11:26.110 --> 01:11:27.730
So I I personally

750
01:11:28.190 --> 01:11:28.750
and and,

751
01:11:29.305 --> 01:11:31.885
you know, in our community, we haven't pushed Bitcoin

752
01:11:32.585 --> 01:11:33.485
on the community.

753
01:11:34.025 --> 01:11:38.365
We really use the beef initiative as a shield. Hey. We are here,

754
01:11:39.260 --> 01:11:41.920
to fix the local supply chain, to build a local

755
01:11:42.380 --> 01:11:44.000
initiative around our food.

756
01:11:45.340 --> 01:11:46.320
And the Bitcoin

757
01:11:46.700 --> 01:11:48.080
kinda comes as subtextual.

758
01:11:48.475 --> 01:11:48.955
You know?

759
01:11:49.595 --> 01:11:50.335
This this,

760
01:11:51.195 --> 01:11:57.375
producer we met with Monday Mhmm. He called me yesterday morning and kinda worked into the conversation. Hey, by the way,

761
01:11:58.420 --> 01:12:00.920
that guy was wearing a Bitcoin shirt, Flynn.

762
01:12:01.700 --> 01:12:05.400
What is that? Is that part of what you guys do? And I got a a real good opportunity

763
01:12:05.700 --> 01:12:07.000
to kinda go over

764
01:12:07.635 --> 01:12:09.415
what I believe Bitcoin is,

765
01:12:10.755 --> 01:12:14.295
which is a fundamental change in our our our trade structure

766
01:12:15.270 --> 01:12:18.410
around local economies. And he gets that. He trades.

767
01:12:18.790 --> 01:12:19.370
You know?

768
01:12:19.910 --> 01:12:22.010
I live in a small rural town, Farmington.

769
01:12:22.495 --> 01:12:25.315
You can drive through my town and see the Farmington Exchange.

770
01:12:25.615 --> 01:12:26.595
You know what that is?

771
01:12:27.135 --> 01:12:27.635
Corn,

772
01:12:28.095 --> 01:12:28.595
wheat,

773
01:12:29.215 --> 01:12:29.715
seed.

774
01:12:30.490 --> 01:12:33.790
It's been there a lot longer than any other buildings in my town, and,

775
01:12:34.890 --> 01:12:35.630
it's it's

776
01:12:36.410 --> 01:12:38.510
it's such a perfect fit,

777
01:12:39.305 --> 01:12:47.885
Bitcoin and ranching thing that all you almost, I think, will will fall these guys are gonna fall down the rabbit hole without knowing it. That's been my experience. Yeah.

778
01:12:48.190 --> 01:12:52.610
It happens. I mean, it happens with that, you know, just that that ongoing conversation

779
01:12:52.989 --> 01:12:53.489
of

780
01:12:54.030 --> 01:12:55.409
of basically, you know,

781
01:12:55.765 --> 01:13:03.145
how do we how do we source our food? How do we how do we, steward our land, and how we how do we protect our heritage,

782
01:13:03.470 --> 01:13:04.210
our relationships

783
01:13:04.510 --> 01:13:05.570
within our communities.

784
01:13:06.670 --> 01:13:16.155
We don't have to be divided anymore, and it just comes to it. It comes to it naturally. All of us in this room right now are you know, we didn't know each other, you know, 7 months ago,

785
01:13:16.695 --> 01:13:24.080
bottom line. Well, this is this is something that happens whenever you actually you know, as we started this cast is that we we present this

786
01:13:24.460 --> 01:13:27.920
handshake, and we we we continue with the conversation.

787
01:13:28.620 --> 01:13:40.135
You know? And that's why I'm, you know, that's why I'm going that's why I'm here in Nashville. I mean, it's here to it's to meet people. It's to you know, Matt and I are talking. We're gonna have a freaking headquarters of the beef initiative here in Nashville,

788
01:13:40.580 --> 01:13:46.119
And that's gonna create a lot of conversation, a lot of innovation within here in Tennessee.

789
01:13:46.500 --> 01:14:02.000
I wanna duplicate everything that we've done in Texas that Michael and I have been able to achieve with the team these teams that we have, everybody that everybody that's helped us out. We're about to do it in Tennessee. It's gonna happen a lot quicker now. And and once this starts happening, that is that that,

790
01:14:02.400 --> 01:14:12.805
snowball effect, and here we go. And, you know, it's it's wonderful to have, you know, Matt and, you know, the Nash coiners here because I feel so freaking, you know,

791
01:14:13.825 --> 01:14:19.160
confident right now, a lot longer or better than I was, like, 6 to 7 months ago.

792
01:14:19.540 --> 01:14:25.240
And, you know, that's it's a good feeling. I mean, I I don't feel any volatility right now. I just feel opportunity.

793
01:14:26.045 --> 01:14:41.640
And, you know, with that, that's what needed people out there that are listening right now. This is this is about opportunity. We're gonna punch through a lot of bullshit that's happening in our lives right now, and it's time to really kinda step up and put your compass in the right direct direction here

794
01:14:42.145 --> 01:14:49.925
and quit, you know, quit parroting all the freaking fear porn and all that noise out there, and let's get let's let's start really working together.

795
01:14:50.410 --> 01:14:54.190
Let's focus on the right bullshit instead of, you know, instead of,

796
01:14:54.969 --> 01:15:00.505
evolving the the the fear porn, like I say, to where it kinda handcuffs us. And

797
01:15:01.125 --> 01:15:23.155
and we we don't need to be handcuffed right now, man. We're innovating. We're we're having success, man. We're changing people's life. You know how many people call me up every day and say, hey, man. I got a freezer. Half of it's full, man. I'm feeding my family for the next year. You wanna talk about freaking empowerment, you know, Whenever you can I tell everybody, you stack your freezer, you're gonna be up at 3 o'clock in the morning, opening that door and looking at that freezer,

798
01:15:24.160 --> 01:15:31.220
and it happens? I've I've been getting people say, you're damn right. It does happen. I guess, I mean, that's one way of hedging against Bitcoin's

799
01:15:31.954 --> 01:15:40.215
purchasing power volatility is that if you have you have beef, I mean, that beef will always feed you. That same amount of beef will always feed you and your family.

800
01:15:40.660 --> 01:15:50.405
Isn't that the best defense right now in our society as long as you're eating pure animal protein nutrition? I mean, our nutritional starvation in this country and across the world is is

801
01:15:51.284 --> 01:15:58.905
it's a freaking epidemic right now. I mean, people don't understand. We won't go in on this cast about the true food intelligence that's in need in moving forward.

802
01:15:59.449 --> 01:16:06.510
But, yeah, I mean, while everybody's falling apart, you're feeding your family and you're you're eating correctly. You don't have that

803
01:16:07.135 --> 01:16:08.595
that food insecurity,

804
01:16:08.975 --> 01:16:35.960
you know, anxiety that most of this country's already you know, that's all you hear about now. There's gonna be you know, there's fertilizer shortages. There's grain shortages. You know, there's a war on beef. This crap is happening, and if you can have that freezer full, you know, take care of your family. My father has a freezer full. My mother has a freezer full. I have access to 2 other freezers that are full right now. I don't worry about food. I brought, you know, 8 rib eyes here today that we're gonna eat from convention,

805
01:16:36.340 --> 01:16:38.039
so that feels pretty good.

806
01:16:39.380 --> 01:16:41.239
Ryan, you got something to add over there?

807
01:16:42.525 --> 01:16:44.465
I I, I'm sitting here taking notes.

808
01:16:45.645 --> 01:16:48.385
You're right. You know, the volatility is

809
01:16:49.480 --> 01:16:50.219
an issue.

810
01:16:50.599 --> 01:16:51.079
It's

811
01:16:53.239 --> 01:16:56.780
I I the notes I'm taking are, we're gonna build the 1st circular economy.

812
01:16:57.855 --> 01:17:02.114
And and the steps there, you know, beef, fertilizer, soil

813
01:17:02.415 --> 01:17:02.915
producers,

814
01:17:03.375 --> 01:17:04.195
and exchange.

815
01:17:06.920 --> 01:17:17.824
I think if we can close the loop, and this is me just thinking out loud right now. But if if somebody can close the loop, then your your problem just went away. If I can denominate eggs and milk,

816
01:17:18.364 --> 01:17:21.985
locally, if I can set that price point in sats

817
01:17:23.620 --> 01:17:25.160
and advertise it

818
01:17:25.860 --> 01:17:27.400
compared to the Fed,

819
01:17:28.100 --> 01:17:29.320
I think that'd be powerful.

820
01:17:29.715 --> 01:17:34.135
And if you can't if you could offer that first circular exchange, I mean, what a model.

821
01:17:35.795 --> 01:17:36.695
Yeah. And then

822
01:17:37.489 --> 01:17:44.949
echoing what Michael said earlier, just the importance of just getting out there. It's like it's volatile now if we're all dangling kind of on our own

823
01:17:45.344 --> 01:17:54.565
without having access to this, you know, network of of of, you know, creating that circular economy. But if if you tie those webs in your community and build stronger bonds,

824
01:17:54.950 --> 01:18:05.925
then you you're not affected by the volatility as much. You're you're just the strength of the folks around you are the ones that really, you know, help push you through, but we gotta you know, you gotta get out there and and start doing it. Right? Because,

825
01:18:06.405 --> 01:18:08.585
otherwise, you know, the headwinds are coming.

826
01:18:08.965 --> 01:18:09.465
Your

827
01:18:10.005 --> 01:18:16.250
your your house might get blown out blown out. Right? So it's like, hurry up. Yeah. Let me just tell, like, a brief story

828
01:18:17.030 --> 01:18:20.970
just to give people an idea, like, how it is important just to get out there. So

829
01:18:21.615 --> 01:18:31.395
I, I was sitting down with the owner of a business in Austin, and we were actually, like, at another business, though. We went to, like, this coffee shop, the meteor.

830
01:18:31.890 --> 01:18:32.050
And,

831
01:18:33.970 --> 01:18:35.750
I didn't have any

832
01:18:36.690 --> 01:18:39.030
I wasn't planning on onboarding both of them,

833
01:18:39.775 --> 01:18:46.275
at the same time, but this business owner was like, hey. Have you heard about this thing? Like, we can accept Bitcoin, and we can do this.

834
01:18:46.790 --> 01:18:53.770
And he's like, no. Like, you're gonna accept Bitcoin? And the business owner's like, yeah. I'm gonna do it. And he's like, you should do it too.

835
01:18:54.125 --> 01:18:55.585
And then he's like, okay.

836
01:18:56.925 --> 01:18:59.025
So now this particular coffee shop,

837
01:18:59.725 --> 01:19:03.824
it's called the Meteor Arts and also we do we go there every Tuesday morning evening,

838
01:19:04.150 --> 01:19:07.610
and we bring anywhere from, like sometimes it's, like, 5 people. Sometimes it's 20.

839
01:19:08.150 --> 01:19:09.930
And they all pay in Bitcoin, generally.

840
01:19:10.470 --> 01:19:10.970
And

841
01:19:12.105 --> 01:19:13.645
and now they're gonna be accepting

842
01:19:14.105 --> 01:19:22.679
Bitcoin for their bike because they have, like, a bike shop too because there was a The Austin thing. Like, all the coffee shops are bike shops. Yeah. Yeah. Yeah. Now now there's there's a Bitcoiner,

843
01:19:23.300 --> 01:19:25.800
in Austin who's like, oh, man. My bike got stolen.

844
01:19:27.219 --> 01:19:30.765
Let's talk to them about accepting Bitcoin for for bikes.

845
01:19:33.465 --> 01:19:39.710
And seems like they're gonna be doing that. I know they're getting I I know they're talking with Annalise from Ivex, I think. And so

846
01:19:40.030 --> 01:19:43.010
and then I went to the barbershop next store, and I'm like,

847
01:19:43.550 --> 01:19:47.170
hey. You know, have you had anybody come in? Again, just try to insert it in.

848
01:19:47.550 --> 01:19:52.065
Have you had anybody come in here trying to pay with Bitcoin? And he just looked at me. He's like, what's Bitcoin?

849
01:19:52.525 --> 01:19:53.585
And I was like,

850
01:19:53.965 --> 01:20:00.640
alright. Are we there? We got work to do. Yeah. We're still early. Yeah. We're still but, you know, that stuff spreads.

851
01:20:01.180 --> 01:20:02.960
Yeah. I I was in, Paducah,

852
01:20:03.340 --> 01:20:04.560
Kentucky this morning.

853
01:20:05.375 --> 01:20:07.375
I was in Paducah, Kentucky this morning and,

854
01:20:08.015 --> 01:20:08.915
bumped into

855
01:20:09.375 --> 01:20:09.875
the,

856
01:20:10.415 --> 01:20:11.315
city commissioner

857
01:20:11.615 --> 01:20:16.960
because I was talking about Bitcoin while I was paying for my coffee at this coffee shop, and, we connected.

858
01:20:17.980 --> 01:20:18.800
It it happens.

859
01:20:22.034 --> 01:20:22.935
So, guys,

860
01:20:24.034 --> 01:20:26.534
this has been an absolutely fantastic conversation.

861
01:20:27.155 --> 01:20:29.570
It's been humbling to be a part of it with all of you.

862
01:20:29.969 --> 01:20:30.550
We have,

863
01:20:32.290 --> 01:20:32.790
Bitcoiners

864
01:20:33.570 --> 01:20:39.764
coming in from all across the Midwest and the rest of the country for Nash Bitcoiners later. They're flowing into Bitcoin Park right now.

865
01:20:40.545 --> 01:20:42.565
The door just opened with 2 of them.

866
01:20:43.425 --> 01:20:47.844
So we should get ready for that. I like to end these conversations with final thoughts.

867
01:20:48.850 --> 01:20:51.030
So, Carlene, no, we'll start with you final thoughts.

868
01:20:51.970 --> 01:20:54.995
I'm just excited about this starting to happening

869
01:20:55.475 --> 01:20:58.035
starting to happen in in the United States because I think it's,

870
01:20:59.235 --> 01:21:09.960
the shining beacon on the hill has to come from from this part of the world, and I'm not surprised that it's gonna be from the south and from Texas. And it's just, happy to be along for the ride. So let's fucking go.

871
01:21:10.420 --> 01:21:13.560
Thanks, Carlene. Yeah. Michael, final thoughts. Yeah. So

872
01:21:14.605 --> 01:21:20.225
I just can't stress enough. People really need to, let's say, first, educate themselves on the tools that are available

873
01:21:20.605 --> 01:21:21.105
for

874
01:21:21.650 --> 01:21:22.630
businesses, whether

875
01:21:23.250 --> 01:21:25.830
you're medium sized business or a micro business,

876
01:21:26.370 --> 01:21:29.910
to start accepting Bitcoin. Start playing around with these tools.

877
01:21:30.695 --> 01:21:33.275
Start getting a feel for them so that whenever the time comes

878
01:21:34.215 --> 01:21:37.275
and you feel it's a good time to, you know,

879
01:21:38.510 --> 01:21:40.369
shill some some Bitcoin payments,

880
01:21:41.070 --> 01:21:42.050
you'll be ready.

881
01:21:42.989 --> 01:21:46.290
Because there there's definitely this wave coming,

882
01:21:46.665 --> 01:21:51.405
and I'm seeing it personally, and I sure as hell am not gonna be able to to do it all myself.

883
01:21:52.264 --> 01:21:59.219
Like, I'm sitting here. Like, I have so many leads out the wazoo. If anyone could do it himself, it's Michael, though. Yes. Like,

884
01:21:59.840 --> 01:22:02.655
seriously, everybody, we, you know, this is a distributed

885
01:22:03.034 --> 01:22:03.534
decentralized

886
01:22:03.994 --> 01:22:08.735
movement. This is grassroots, bottom up, not top down. We need everybody to do their part.

887
01:22:09.460 --> 01:22:14.760
You know? Some some companies need to have incentives out there for you to onboard these businesses, so get out there

888
01:22:15.620 --> 01:22:17.800
and do it. Awesome. Thank you, Michael.

889
01:22:18.100 --> 01:22:18.350
So,

890
01:22:19.445 --> 01:22:22.905
we're gonna be putting out content on how to do it. Okay? So,

891
01:22:23.364 --> 01:22:30.590
my I'm gonna start a podcast. You're gonna start a podcast? Specifically I would love to come on your podcast. Yeah. Yes. It's specifically

892
01:22:30.890 --> 01:22:31.390
about

893
01:22:32.170 --> 01:22:35.070
not so much about the theory. It's called the B Commerce Podcast.

894
01:22:36.575 --> 01:22:39.155
We had the first episode out, but it's gonna be about

895
01:22:39.855 --> 01:22:42.675
very practical information for business owners

896
01:22:43.270 --> 01:22:48.090
and then people that want to teach business owners how to accept Bitcoin, how do you hold it,

897
01:22:48.470 --> 01:22:51.930
but, you know, what services can you connect to? What about Shopify?

898
01:22:52.855 --> 01:22:56.315
Those are really maybe for some really simple, like, q and a's,

899
01:22:57.015 --> 01:22:59.035
but it's powerful. So that's our focus.

900
01:23:00.370 --> 01:23:07.490
Just keep an eye out for that. I think that'll be because we talked a lot, but, frankly, we didn't get in too much about literally how. Right. So that's what

901
01:23:08.235 --> 01:23:14.335
that's the niche I'm trying. Truly, Michael, if I can help in any way, just let me know. Hell, yeah. Sounds good. Brian, final thoughts.

902
01:23:15.480 --> 01:23:17.239
Yeah, man. I think I think,

903
01:23:18.280 --> 01:23:22.219
our our beef initiative in Missouri is real focused on local

904
01:23:22.600 --> 01:23:23.100
food

905
01:23:23.755 --> 01:23:24.255
distribution

906
01:23:24.555 --> 01:23:27.535
and as gorilla away as possible, just decentralized

907
01:23:27.915 --> 01:23:29.935
access to your local supply chain.

908
01:23:31.200 --> 01:23:31.700
And,

909
01:23:32.239 --> 01:23:35.060
anybody who's working on that, I'd like to talk to. I,

910
01:23:35.760 --> 01:23:39.540
we need help. We've been doing this for a while. It's a it's a big problem.

911
01:23:40.665 --> 01:23:43.485
You can pick up your steaks, your milk, your eggs,

912
01:23:44.105 --> 01:23:46.205
but lowering the threshold

913
01:23:46.665 --> 01:23:48.605
of convenience is gonna be necessary

914
01:23:48.985 --> 01:23:51.150
for for mass local adoption.

915
01:23:52.730 --> 01:23:58.670
We we we built a stage right across the street from our our county courthouse. We plan on being hyper

916
01:23:59.265 --> 01:24:00.965
focused on food distribution,

917
01:24:02.305 --> 01:24:03.525
over the next year.

918
01:24:03.905 --> 01:24:10.809
Awesome. Thanks for having me on, man. Dude, it's been a pleasure to meet you. I look forward to getting to know you better and and working with you going forward. You're Satoshi.

919
01:24:11.349 --> 01:24:20.095
Yeah. I was like, this this dude. I hate when people I hate when people introduce themselves as Satoshi. You know how many times I get that? More Satoshi. Just to be clear. And then he's like, is this the Bitcoin house?

920
01:24:21.755 --> 01:24:25.695
But, honestly, it's been a pleasure to meet you, and I'm I'm glad you got to join us for this conversation.

921
01:24:26.910 --> 01:24:27.730
Thank you.

922
01:24:28.590 --> 01:24:30.110
Slim, final thoughts. Yeah.

923
01:24:30.670 --> 01:24:35.065
There's a lot to unpack here. It's it's it's not daunting if you can get focused,

924
01:24:35.465 --> 01:24:37.245
within the beef initiative itself.

925
01:24:37.705 --> 01:24:42.844
The best place to understand and see and to review what we're doing is just beefinitiative.com.

926
01:24:43.945 --> 01:24:51.680
We, were, of course, we're having our 2nd conference in Colorado. It's July 22nd to through 24. It's a 3 day conference.

927
01:24:52.155 --> 01:24:56.895
It's gonna be extremely badass. We have all kinds of great speakers. Go check that out.

928
01:24:57.355 --> 01:25:04.420
We just started educational series for the rancher, and we're directing it right at the why of Bitcoin for the North American rancher.

929
01:25:05.200 --> 01:25:18.555
The Texas to Tennessee tour, it starts off today. It's starting right now with this conversation. So it's up and running. Go go check it everything out, you know, make your own decision to where you want to kind of jump into the beef initiative ethos.

930
01:25:19.280 --> 01:25:22.020
And, you know, contact us come along for the ride.

931
01:25:22.320 --> 01:25:25.795
Let's get a let's get a beef initiative headquarters in every state.

932
01:25:26.355 --> 01:25:33.815
You and I, Matt, are we're gonna be moving very, very fast and very strong with this, and Tennessee is gonna catch up to Texas.

933
01:25:34.400 --> 01:25:42.340
And, it's time to kick it off today. I'm excited, Slim. Just getting started. We're gonna do big things. Hell, yeah, man. This is this is gonna be good times.

934
01:25:42.975 --> 01:25:45.235
Carlene, yo, I just wanted to give you an opportunity

935
01:25:45.615 --> 01:25:46.095
to,

936
01:25:46.815 --> 01:25:49.155
what's the website for your educational program?

937
01:25:49.770 --> 01:25:55.630
Sure. So we are collaborating with my first bitcoin dot I o, where we've built the Bitcoin diploma.

938
01:25:55.930 --> 01:26:00.645
You can find more information about them. They're the 1st, Bitcoin only nonprofit in El Salvador,

939
01:26:01.265 --> 01:26:11.330
and, we'll have, some more information out soon. By September, we hope to open source the curriculum out so that anyone that wants to, help get more kids educated or or themselves

940
01:26:11.765 --> 01:26:14.965
can just use it, but but we're testing it out in the classroom,

941
01:26:15.285 --> 01:26:20.505
as we speak. And and, so, yeah, my first bitcoin dot I o. There are partners and Ibex.

942
01:26:20.940 --> 01:26:23.039
You can find us in on on the web.

943
01:26:23.420 --> 01:26:24.639
So yeah. That's awesome.

944
01:26:25.340 --> 01:26:34.455
I just wanna thank our guests once again for joining us. I wanna thank, the audience for listening and supporting the show. Reminder, you can support the show at seal dispatch.com

945
01:26:35.600 --> 01:26:42.660
or by using a podcasting 2 point o app, such as Fountain or Breeze. If you do a boostogram through there, I will be reading

946
01:26:43.040 --> 01:26:43.780
the highest,

947
01:26:44.160 --> 01:26:44.660
ones

948
01:26:45.505 --> 01:26:47.764
or sometimes all of them, depending on my mood,

949
01:26:48.625 --> 01:26:57.010
every episode, and I really do appreciate your support. We're moving quick here at Bitcoin Park and the first ever Bitcoin TV studio.

950
01:26:57.390 --> 01:26:58.770
Literally, as you're recording,

951
01:27:00.830 --> 01:27:05.054
my cofounder Rod walked in with a brand new mic and a brand new mic stand.

952
01:27:05.675 --> 01:27:16.469
So we are going to be moving very quickly here. The next chapter has begun, and I appreciate you all for being a part of it. Very excited for NASH Big Corners tonight. We're expecting over 200 people.

953
01:27:17.250 --> 01:27:20.115
If you've never been in town, consider coming next month.

954
01:27:20.515 --> 01:27:22.855
Love you all. Stay on Bull Stack Sats.

CD66: bootstrapping a bitcoin circular economy and the beef initiative with @modernTman, @Dooowta, @carlostoriello, and @RJCoope

Listen On

Featured Episodes

Recent Episodes