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Crypto Front Lines EP 10
Recorded: Feb. 5, 2026 Duration: 1:11:42Space Recording
Short Summary
In a lively discussion, participants explored the growing trend of cryptocurrency adoption among mainstream businesses, highlighted by Steak and Shake's acceptance of Bitcoin for payments. The conversation also touched on the challenges of volatility, the importance of financial education, and the strategic moves by Edge to enhance user engagement and support.
Full Transcription
Thank you. I'm going to put a little bit of a knife in the middle.
I'm going to put a knife in the middle.
I'm going to put a knife in the middle.
I'm going to put to the next video. I'm going to go to the next video. I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video.
I'm going to go to the next video. I'm going to go to the next video. Thank you. Hey, how's it going, Michael?
Can you hear me?
Terrible, but hello.
That's right.
Hopefully we'll try to keep your mind off of that for the next hour, at least.
Welcome. Welcome, everyone who's already hanging out in the next hour, at least. Welcome.
Welcome, everyone who's already hanging out in the room.
Welcome, RJ.
Hey, what's up, RJ?
Let me get you to the co-host.
I can't even send on ETH.
This is crazy.
Hey, let's go. I'm in panic mode.
Bear with me.
How's the price movement?
It's looking abysmal.
I didn't think it was going to melt down this fast.
It's at 63 right now.
And that's on 62.
Yeah, and the ETH fees on the network,
as Michael is kind of
having a hard pain point with,
they're like around $30
in network fees to do major
like, you know.
So normal ETH fees aren't
Aave. Aave is really expensive.
Oh, it's the Aave fee. I thought it was the network.
Yeah, it's the contract side.
Yeah. Oh, boy, the Aave. I thought it was the network. Yeah, it's the contract side here. Yeah.
Oh, boy, boy, boy.
All right.
Hopefully, I can hold around 63 while we do this.
Don't panic much more.
We're holding it at 7.
We're holding it at 64.
We've got a pirate with us. Hey, Daniel. We got a pirate with us.
Hey, Daniel.
How's it going?
I know we can't speak right now, but yeah, just saying hi.
Oh, nice.
Yeah, Daniel was with me at the Anecopulco conference like a couple years ago.
So it's good to see you, Daniel.
What's up, Daniel?
Hello, everyone else.
So, Alberto, I kind of let you take the reins on topics. I'm pulling it up now.
Do you have any interest in doing an intro while I get everything?
Yeah, I've been practicing my intros.
Nice.
I don't butch it.
Welcome, everybody. Thanks for hanging out with us. As you know, we are team members of Edge.
Edge is a self-custodial multi-asset wallet that lets you do multi-asset exchanges, multi-asset purchasing and selling, and it's privacy first.
It's privacy by default.
We really value privacy and we value your privacy
as a user. So it's something that's really important to us as a whole. And we also offer
live customer support. You can call in, message in. We have a variety of ways you can contact
us and actually speak to a real human and get support for your issue from a real person.
So we appreciate you for being here.
It's Crypto Frontlines Episode 10.
Really, it's just a cool place to do some community engagement.
If you feel like speaking, raise your hand and then we'll, you know, we'll let you speak.
And we're hoping to encourage engagement and all that.
And for today, we do kind of have a topic for the day.
We have announcements as well and everything like that.
Let's roll into the announcements actually first, right?
Yeah.
Or maybe introduce yourself again.
Oh, yeah.
Alberto does.
Yeah, go ahead.
So, yeah, my name is Alberto.
I am a – I work support.
I also do QA, quality assurance.
And then every once in a while, I'll help out on the marketing side.
And then I'm hanging out with my coworkers, my teammates here, RJ and Michael, if you
want to go and take it out.
Sure.
Hey, guys.
I'm RJ, quality assurance. So I manage the team here. And then I'll pass it on to you, Michael, if you want to go and take it out. Hey, guys. I'm RJ, Quality Assurance,
the manager of the team here.
And then I'll pass it on to you, Michael,
if you want to say a few things.
Yeah, I'm Michael,
head of the customer success team
and person that's really close to being liquidated
and freaking out.
No, just kidding.
Not about that.
And yeah, that's kind of where we're at um some exciting
news in support land for anyone uh that pays attention to that we're going to be pivoting from
zendesk to intercom not going to occupy too much of our time with that but pretty excited about
that for anyone that um knows the difference between the two we've actually had some people
asking why we're not on intercom in the past um
so for anyone that has interest of why they didn't have native phone support they recently added native phone support and yeah so we're going to be doing a pivot i don't think there's
going to be hiccups in support land or anything like that but uh yeah that's that's some exciting
inside scoop for anyone that wants to know some of the internal workings at Edge.
inside scoop for anyone that you know wants to know some of the internal workings at edge
Okay, cool. Yeah, I guess I'll cover a few recent announcements.
A few weeks ago we had 442 come out.
That added more support for auto-detect tokens for other EVMs that we didn't have support for.
But also we added auto-detect tokens for non-EVMs, so like the ones on Cosmos Chains and whatnot.
We also did fixed Rango swaps,
and we actually had another point release last week with Phase Edge spend gift cards.
So when I kind of replaced BitRefill,
you'll notice a different UI,
but that's where you can spend your crypto
and get gift cards.
So that's 442.1, also out live.
Yeah, we already have some users out there buying gift cards, which is pretty cool.
Also, just to piggyback, anyone who is applying to be an ambassador or is curious about being a brand ambassador, we do have our final list.
We'll be announcing the final list pretty soon uh i'll
probably make that announcement at the end of this show just in case we have more people um
but yeah so our brand ambassadors are pretty much ready and and ready to be announced hopefully soon
nice all right uh without further ado i guess we'll jump in on some topics i think
All right, without further ado, I guess we'll jump in on some topics.
Excuse me, sorry guys.
Excuse me.
I think the first one was something on Bitcoin Depot in regards to fraud.
Oh, sorry, that should have been removed.
So today we're talking about Bitcoins and burgers.
So that was the last topic we talked about.
Oh, sorry.
No worries.
Yeah, I don't know how that's said there sorry that was that was our fault um but yeah but today's topic is
is you know bitcoins and burgers um there was a really cool announcement recently by the ceo of
steak and shake if you didn't know already um steak and shake is accepting bitcoin as payment
for burgers.
And they have a custom Bitcoin burger, which is pretty cool.
I'll post a picture in the comments. It has a Bitcoin logo stamped on it, like branded on it kind of.
And the CEO was announcing saying that, you know, revenue has increased since they started doing this.
And so they're getting more sales for, you know, for people trying to buy burgers with Bitcoin.
And so it's increasing revenue.
And not only that, but they're saving money on the merchant costs, which is like, I think they announced something like 50% on the merchant costs because it costs money to buy with a debit card or credit card, and it costs the merchant money.
So they're actually saving around 50% on those transactions.
So he was actually speaking how much just – and I re-shared it on our X page if you want to go see.
He's just essentially praising Bitcoin, which is really cool, right?
Because essentially at Edge, we've had other x spaces where we talked about
how it's important to spend your bitcoin right like the price action is one thing um number go
up is nice number number go down does suck um but the ultimate goal you know is to be able to use
bitcoin like a currency uh which means you spend it right um so that's pretty cool so like that's kind of
focusing on which is hilarious money on uh like fraudulent fees too right because then they don't
deal with chargebacks with credit cards um compared to bitcoin i think that's huge and that's like i
think a big question it's like uh why don't more companies do this so you know it's like
sake and shake it's kind of being the pioneers but that was just a general question I kind of wanted to just pitch out there, which is like, why do you guys think more companies are not adopting this?
Or do you think they will adopt this?
Because the saving the fees is huge.
Yeah, I agree.
I'm still waiting for like a big one that really gets you excited. Like I remember back in the day, like I think it was 2013 or 2014,
I was really super stoked and excited when like Newegg.com,
you know, where you buy computer parts
and I was into building computers,
like Newegg started taking Bitcoin
and they were like one of the first pioneers
to take Bitcoin as a merchant.
I'm waiting for something big, like, you know,
maybe next couple of years or five years,
but like that would be cool if like Netflix or Amazon took Bitcoin, that would be like, you know, maybe next couple years or five years. But, like, that would be cool if, like, Netflix or Amazon took Bitcoin.
That would be, like, equivalent to as big as Newegg back in the day.
I think that's what's coming, right?
I think so, especially for, like, for restaurants and for, like, local merchants who want to
maybe save a little money or start building a Bitcoin kind of fund for their business, you know.
It's kind of important to know, though, they do use Lightning Network.
Stake and Shig uses Lightning Network.
Edge doesn't support Lightning Network.
It's something we've talked about, right, I think, in the past.
It's kind of a debated topic.
But they do, yeah, they do settle on the Lightning Network.
But what's cool is also there is
something in new york called uh pub key i've never heard of it but it sounds really interesting
you can also pay for burgers in new york and beer with bitcoin uh via lightning and i guess it went
like viral um during trump so i saw the video i saw trump buying something or doing a bitcoin
transaction oh yeah i remember
seeing that like at a yeah at a restaurant bar like a burger joint right yeah i didn't realize
that that's that was the context yeah so they were helping him pay for his burger with bitcoin um so
that was called pub key uh new york um so and then apparently also i didn't know um burger king
this is like old news it's not new news,
but Burger King did some Bitcoin crypto testing in some regions,
like not in America or any known or any popular regions,
like smaller regions, I think.
And then Subway apparently also not burger related,
but just something cool to think about.
And then I think it was like specific franchises, right?
Like not all of Subway or not all of Burger King,
but certain franchise business owners decided to accept Bitcoin or crypto too.
Yeah, exactly.
It wasn't a corporate decision like steak and shake.
That was at the corporate level.
Corporate level, yeah.
Yeah, because each independent Subway is a franchise,
and that's independently owned by a regular person.
So that's a whole different thing.
And then apparently, why businesses care, I guess, is cards, you're saving at least 2% to 4% on the cards itself.
The Lightning Network is often lower than 1%.
So you're saving 2% to 3% per transaction.
And then what I read from Stake and Shake,
I don't know where you got the 50% from,
but apparently maybe overall or whatever it is.
But this is just an AI analysis.
But it's cool.
It's like more actual adoption of crypto.
It's not just like holding and hoarding crypto for no road
reason it's giving an actual you know use case yeah it's gonna go like a payment method
also i want to i want to float out there um before we go too far um if you want to you know say
anything make sure to raise your hand maybe we want active contribution as much as possible
Maybe we want a contribution as much as possible.
Yeah, absolutely.
Let us know.
Maybe you've used Bitcoin to buy something.
I know right here in San Diego where we're located, there's like, I think, one.
In the farmer's market, there might be like one vendor who accepts Bitcoin. And I know Paul, he's, there's a barbecue like restaurant that we regularly get from buy
from and we pay in crypto, right? We pay in Bitcoin. He takes Bitcoin.
They're actually, they're headed there right now for any San Diego people. They're headed
to Bandman's right now, which does accept Bitcoin as well. and actually kind of a company that is blowing up a little bit
you know not this isn't like a paid advertisement or anything but um what is it dave's the dave
smith podcast they just have advertisement for van mans on it as well so it's kind of neat that
they're accepting crypto um being a company that is actively advertising on a large
podcast and local to san diego obviously i forgot to mention elizabeth said uh elizabeth and paul
apparently at the bitcoin conference in las vegas tried these burgers so they've they had a chance
to actually try them because they launched at the conference so that was a pretty cool little footnote
and then also welcome daniel you have
uh you're able to speak uh let us know if you want to say anything or just having yeah hey how's it
going what's up guys how's everyone doing great good i'm good to see you yeah you too man i'm
daniel from pirate chain you guys anyone out there isn't familiar with me so pirate chain is on edge
wallet so uh but i just wanted to mention that I have a car dealership, and I actually will sell cars for Bitcoin.
Nobody's took me up on it yet, but I sell all of our cars.
You can pay with Bitcoin, Monero, or Pirate Chain, or Litecoin.
I got a whole handful of them.
I would prefer Monero or Pirate Chain, but I will take Bitcoin, too.
That's awesome.
Yeah.
What range?
Where are you?
I'm in New Mexico, farming to New Mexico.
So you kind of do have to be local.
I don't have a license to sell across state lines yet, but I'm working on it so that I can post them online on like XMR Bazaar and stuff.
And hopefully get some business that way, start selling them across state lines and shipping them.
Unfortunately, I have to have a different dealership license to do that, I guess.
I didn't even realize that.
I just found it out recently that I'm not supposed to.
I'm only legal to sell, do the transactions on our business property.
But I'm working on getting a license to sell across state lines.
Then I would be able to ship the cars too.
Not a big dealership. Normally I'd like 20 cars or so at a time, mostly like economy sedans and SUVs and
stuff. But I do, I've had several businesses that have in my life that accepted crypto and it's
always been my preferred payment method. Once you get used to using crypto, going back to fiat is kind of like a headache, really. It is. Yeah, I agree.
That's why I've had like Ornveler's cash sitting in my backpack now for like a few months because I just can't find a way to use it.
It's frustrating.
Right?
Like, yeah.
When you're trying to move, when somebody is like insisting on Venmo or something like that, just like signing up and all the headaches, I'm like, can't you just download a freaking Monero wallet real quick, dude?
This is a headache.
So, yeah, I just wanted to pop in and say that, that we are, you know, there are people out there that are buying and selling stuff in crypto.
And then there's XMR Bazaar and Anon Bazaar.
XMR Bazaar is just for Monero.
But you get online marketplace.
You can buy and sell stuff there. So if you're someone
out there that has any goods or services, even art pieces or anything at all, even if you have
an old guitar laying around you don't use anymore, throw it up on XMR Bazaar or Anon Bazaar and
earn some crypto for it. And Pirate Chain is doing a fundraiser right now to try to get supported on Anon Bazaar.
Right now they have Monero and Firo, but they've reached out to all the major privacy coin
projects and are trying to get as many of them on there as possible. So right now Pirate Chain is
doing a fundraiser so we could try to get on there as well. So there'll be a nice marketplace to buy and sell stuff for Pirate within Pirate. So we're doing that at piratechain.com slash crowdfunding.
And we have Monero, Litecoin and Pirate Chain addresses with viewing keys and everything
available. So if anyone wants to see a marketplace like that succeed, you could throw a few bucks our
way or just go out and use them, you know, go out and buy something on a non bizarre or XMR bizarre and really want to see these kind of marketplaces flourish.
And of course, use your edge wallet to make those purchases because edge is the best crypto wallet out there.
So thank you.
Nice, nice. Thank you.
Oh, yeah.
I've been using edge forever.
Since you're up here speaking, you know,
Alberto mentioned this idea that fees and things like that are just actually better
once you're on crypto than some of the credit card providers at this point.
Oh, yeah.
Well, you said people haven't done it much.
Have you dealt with that side of it at all?
Like, as far as accepting crypto and then having to deal with taxes and things like that, like, is that actually ended up being cheaper? Does the
bottom line better when using crypto? Well, that kind of depends on whether we're in a
bull market or a bear market. You know, the business I have right now, I actually have yet
to sell a car in cryptocurrency. I have a nice little sign up. It says Bitcoin and Monero and everything accepted here. And sometimes people comment on
it. I've even had a couple of crypto holders like, oh, I have Bitcoin. I'm like, oh, well,
buy your car in Bitcoin. And they're like, oh, no, I'm just going to use my Fiat or whatever.
So I was back down. But then I did have previous businesses where I did do regular transactions in
crypto, mostly Monero back then.
And yeah, it was really easy when we're in a bull market because generally, by the time I
had to cash out and sell for fiat to pay bills or pay employees or whatever, the price was actually
higher. So I actually made money off of it instead of paying a fee, I made money off of it. But then
when you're in a bear market, you kind of got to sell it really
quick, which sucks. But when you're trying to run a business, when you're selling merchandise,
you got to be able to buy more merchandise. So then you only have like a 15% margin there to
make your money. So you got to make sure you sell it before it drops too much, which that kind of
sucks. But once you have everything, once you have it down, Pat, you know, whatever exchange you're
using or whatever you're doing to cash out, I personally don't like stable coins. So I try to
avoid them. So I just sell straight to fiat. But yeah, once you have your, you know, your
operations down, it's not that hard. Sorry if I cut out there for a second, I was getting a phone call I had to ignore. So yeah, but that is the biggest barrier to, you know, crypto being a real
peer-to-peer digital, you know, fiat replacement is just the volatility. But really, the only thing
that's going to solve the volatility is if more people are using it. If there's more people
purchasing it, you go shopping with, and there's more businesses that are accepting it. Just the more volume, the lower the volatility goes. And that's with every
asset. So if we want to see these as true alternatives to fiat currency, then we have
to use them. We can't just keep holding on to them and hoping our bags pump and the number goes up
and stuff. We got to start using these if we really want to have an alternative for fiat.
Which, yeah, that's kind of the whole premise
of more places accepting burgers
and what you're doing.
There is resistance to it.
The hurdle of will the number go up
is one of the things that I think holds a lot of people back.
And I don't even know how to solve that.
Like, how do you go? Well, it's worth using this long term view because people just don't think like that as well.
If I sell it, sell it, you know, or if I buy a burger with it, that ten dollars could be a hundred dollars in a month or however they think.
I don't know. You know, we get paid in Bitcoin here. I'm sure you use it on the regular. So it's tough to
convince people that are using it as a store of wealth that it needs to be spent in order to
actually elevate the price. Like they actually go together, you know? Yeah. And I mean, it's kind
of a natural instinct, almost an economic law, you know, you spend your bad money and hold your good money, you know, so it's,
it's kind of, you know, it's kind of intuitive to just, you know, sell, use your fiat, sell your
fiat, go buy stuff with it, and hold on to your better money that you think will be worth more
in the future. But at the same time, we're never going to get to that goal where we can completely
abandon fiat and use our own decentralized currencies unless like the true believers, you know, like us start using it and start
using it as a preferred payment method.
So, and it is my preferred payment method.
Like whenever somebody, I will always accept crypto over a fiat every single time.
And unfortunately, most people aren't like me.
I'm sorry, we're still quite rare,
finding people like us.
Yeah, exactly.
But we are growing,
especially the privacy coin space,
man, when you go to,
you know, a Bitcoin conference
or something versus
something like Monerotopia,
like the vibe is just
completely different.
In Monerotopia,
everyone's just spending their Monero
buying and selling stuff.
And when, you know,
you go to a Bitcoin conference,
I know this last year's Bitcoin conference seemed to me to be more about stable coins
than it was about Bitcoin.
So it's just like a completely different vibe.
I think we are growing in numbers.
I'm kind of one of those converted.
I've been in this space for a while,
but I didn't understand how important privacy actually was.
It was a buzzword in a sense.
I know mass surveillance exists and Google is part of it.
But I didn't realize how important it was in crypto.
I thought it was cool that I could grab my transaction ID or grab my wallet address and look at all my funds and
you'll study other wallets and stuff like i didn't realize like how dangerous that could actually be
in the in the real world and how that doesn't exist in in the uh you know traditional finance
world but uh circling back using it as a currency i'm starting to realize like oh so it's not just
about number go up you know i'm learning as i go in a sense too uh when you look at the fiat chart
go up you know i'm learning as i go in a sense too uh when you look at the fiat chart it's just
a giant rug right it starts in the 1920s and it just keeps going all the way down but it's like a
frog being boiled in water like you don't really see it you don't feel it uh but it's bad it looks
really bad i mean you see that you're like okay so it is a giant slow rug pull yeah so it's it's
holding the dollar is is a little bit absurd when you look
at the bitcoin chart volatility aside it looks amazing it looks just like the gold chart the
silver chart any of the like any of the top stocks you know they're just growing in value growing in
in market cap and and it's a much better way uh to yeah to hedge against inflation and to actually transact and interface with the world.
I mean, if you think about back in the 50s or 40s when quarters and coins were still 99% silver and minimum wages were maybe $2 an hour.
if you have kept those silver like two dollars worth of coins it'll be worth a lot more now
you know silver's pumped more so than that what two dollars worth back then would be
it's it's undeniable the dollar is not raising in buying power it's not going up it's the slope
is going down everything else i look at is going up so it's just undeniable i think people i use
that chart a lot just to like try to
make people understand like why why this matters i'm not just crazy and a lot of a lot of uh businesses when you've because before i was on the pirate chain team i spent a lot of time onboarding
individuals and businesses uh you know bitcoin in the early days and then on the monero and
privacy coins after that but a lot of what you get from them is like, yeah, we know the dollar is devaluing, but
it's a predictable, you know, it's predictable devaluing.
You know, they know it's going to be worth three to 5% less every single year and they
can plan their business operations on that.
But what I'd counter argue with that is like, that's what it's like now.
At some point, it will tip into, you know, hyperinflation. You know, it's kind of seeming like it's getting there's like now at some point it will tip into you know hyperinflation you know
it's kind of seeming like it's getting there now because if you look like almost everything
with an exception of crypto obviously but you know everything else is at all-time highs the stock
markets gold silver houses absolutely everything and when everything is at all-time highs like that
it's not that the value of those are going up. It's that the value of the dollar is completely like collapsing right now. So, and we haven't really seen that in the prices
as much as we should, but I'm assuming the next few years we will. So I think it's like the
perfect time for people to start looking at alternatives and like a stable coin is not an
alternative for that because the stable coin is pegged to the value of a dollar. So it's going to
go in the same direction.
So we need true alternatives outside of that.
And even if people who hate crypto, you know, they still got gold and silver and stuff like that.
But I just encourage everybody to be seeking alternatives because it is happening.
You know, they're printing money at insane rates, especially since COVID.
It's almost comical. So like we have to we have to build these systems and uh have them ready for when the
rest of the world you know has nowhere else to turn and has to come to us for you know digital
payment needs something like 90 of the money supply for dollars anyways was printed like in
you know like since the covet days right so only like in the last five six years 90 of the money
supply was printed yeah that's wild i've seen those numbers too
it's mind-boggling like they are just spitting out money like it's nothing and just making you
poorer and poorer if you're holding a 401k or any you know any dollars at all you're holding
right we're in trillions we're talking trillions at this point crazy
i really hope it never is gets to that but study argentina right like it's kind of
terrifying yeah yeah it's terrifying i remember watching like the whole venezuela stuff like
unfold i remember watching it's like okay 60 bolivars for a dollar and then 600 bolivars for
a dollar so like 6 000 then 60 000 600 000 and it was like in the millions right for bolivars for a dollar. So like 6,000, then 60,000, 600,000.
And it was like in the millions, right,
for bolivars for a dollar.
So then if you have like millions of dollars in bolivars,
like you're like 99% wiped out.
So like, I'm pretty sure they got the picture.
Convert Venezuela and bolivars to dollars
as quickly as possible.
And I think some of them were doing Bitcoin also, but we're just waiting for, you know,
if the dollar collapses, you know, like, I don't know, next year or the next 10 years,
we'll probably see that happen where there's like a mass migration, like how, like in Mexico,
right?
When in Mexico, as soon as people get paid, my wife's Mexican, have a lot of Mexican family,
as soon as they get paid, they convert their pesos into dollars.
Right. Right. That's, that's, that's one day they'll be under seriously they'll just be like you know what just convert it to Bitcoin
yeah they'll probably understand it right yeah also stable coins like you said earlier Daniel
they those are directly paid to the dollar so much so like they the the Genius Act now makes
it so any company operating in the states in the
united states has to peg their stable coin and mint stable coins based on the number of bonds
u.s bonds they have or u.s dollars they hold so your stable coins are literally backed by
u.s dollars and u.s bonds which represent u.s. dollars. Yeah, it's U.S. debt. It's literally backed.
It's new fiat.
It's just backed by debt.
You know, that's exactly what dollars are.
It's called washing money.
The whole point of USDT and USDC,
why they even exist is just the arbitrage, right?
That's how they make the money,
is counting on the dollar going down in value.
Yeah, and they make money off the...
Well, they make...
They have institutions that give them real dollars and they give them Tether or USDC in return and they buy bonds with those and those bonds are paying 5% and they keep, they don't give any of that yield to the investors or the people buying the USDC or USDT. so they're getting five percent off all their holding they are the most if you take account
the number of employees they have tether has like 22 employees or something that like their income
to employee ratio is like off the charts the next closest company is like uh goldman sachs or
something like that and they've got like 20 000 employees know, so they have an incredibly successful business. I think Craigslist have like under a hundred employees and have like billions of
revenue. So maybe something like that, right?
Yeah. It's crazy how much money they're making.
They definitely have a successful business model because they are raking it in
hand over foot right now. They are killing it.
So I can't blame them for, you know,
making money the way they are
because they have an incredibly genius business plan really that's why every company out there is
starting stable coins now i heard that even klarna which is like this uh you know the little thing
when you're checking out of dominoes it says make four easy payments for your domino order
yeah they came out their own stable coin obviously paypal has their own stable coin every major bank is researching them because
they are just such a they are such a money maker dude they essentially you're buying bonds for them
and they get to keep all the yield from it so they're just it's like free money for them you
know oh i totally didn't wow well yeah that's wow, I'm not a big fan of stable coins, but I understand why they exist and people want them.
So they're they're a product that's, you know, filling a need.
People are using them, especially people in countries that don't have access to dollars that want to, you know.
So they saw a need and they filled it.
I can't hate on them for that.
I just try my best not to use them myself because I think it's the same, you knowiat trap that we've already been in i mean i'll admit i'm very guilty of using it
they are super convenient because we can get a bitcoin that's just yeah that's my go-to is swap
to usdc and then pay bills that kind of thing yeah i'm guilty yeah you know they are very very
convenient so and i like that i don't have to go like open an account and stuff like you know i
mean they're not really they're not decentralized but they are permissionless
or at least to an extent you know you don't have to sign up to download a wallet they also make
money from the confiscations right they probably keep those too yeah they freeze fund all the time
yeah all the time literally all the time yeah so i think getting spending too much time and
energy like building those and building out infrastructure is kind of wasted energy in my
opinion because they're going to follow the same path as the dollar that they're pegged to now like
gold backed stable coins those i'm a little more open to something pegged to gold or silver or
something but like you said in the genius act they're making that way harder to do that's why they're none of these companies are coming out with those they're just coming out with
dollar back stable coins because of the genius act right paul's a fan of die algorithmic stable
coins but even die from what i understand he said uh also still has like uscc as some other peg yeah
and they have some decentralization questions too like they had i
don't remember the details of the drama but over this past year they were having their dow was
having some decentralization problems where you know whales were trying to you know because you
get one vote per token you have kind of thing you know so the whale even if the vast majority of the
community wants to go in one direction if a couple whales wanted to go in a different one then they
have the voting power so they're it's still an experiment in my
i like the idea but it's still an experiment in my mind you know this uh decentralized governance
kind of stuff i think it's still got a lot of kinks to work out i'm excited to see where it
goes in the future you know oh yeah i'd rather support Dai than any other, you know, centralized one.
Right.
We did have someone raise their hand to speak.
Oh yeah.
Just noticed.
Shumiri?
Yeah, Shumiri has, you're able to speak now.
How's it going, Shumiri?
Hello guys.
Yeah, it's going very well.
The conversation is a nice one.
And yeah, I think daniel is saying is right
uh we should use more bitcoin to do transaction and well the the problem i'm saying is that
starting from the one that bitcoin came to life every body's yes that i've seen it as a store
value like an investment not a token use just transact so a lot of people like you see a lot of people buy
to hold and then it's going to pump and uh some of us that don't have access to the dollar and
we kind of convert to the land and use for international payments because that makes it
easier and not really everybody's accepting bitcoin as form of payments although the mobile phone i'm using
to join this space i actually bought it using a cryptocurrency like i was i tried like i was
surprised that day i walked up to a stand i was like man i need to get this one and they were
like okay and then i was like i don't have cash to pay can Can I send Bitcoin? And I was like, yes, we accept crypto.
I was like, wow.
I made crypto.
And then it was a very nice experience.
And it's something, if you've not transacted with crypto before,
you just have to try this.
It's something very nice to do.
But the problem is that a lot of people are seeing Bitcoin as an investment,
not a token to use.
And you would even see people that will have access to bitcoin instead of them to use it to buy and sell something they'll be like
okay let me keep it in the next two or three days it will do 10 or 20x and with that mindset they
will not even try to transact with it and then you would transact with it and it will pump the
next day i'm like oh i could have kept my Bitcoin at all.
And yeah, it's something we need to change
so that if we start transacting with Bitcoin,
that's when we truly experience what we are preaching.
And I think that's the best use of it,
not just holding to make 10, 50 of it.
I agree. And mean, I agree.
And actually, I'm sorry to keep picking on you, Daniel.
So you accept Bitcoin.
One of the reasons why I think that it's not more widely accepted is Rails or the ability to take it.
Do you have some sort of streamlined process that would be widely available?
Or what are you using to accept it?
Well, right now I am using Edge Wallet to accept it.
But if I had a lot of volume, if I was making transactions in it every day,
then I would definitely have some sort of POS software or something to do invoicing,
which there are several options out there.
The most common, or I don't know if it's the most common,
but the oldest one that people,
what I was using back when I was onboarding businesses
to Bitcoin was BTC pay servers, you know,
and those are nice.
Yeah, that's a good one.
Yeah, and they make it, it's pretty easy
and it does invoicing for you and everything like that.
And there's a lot of other coins.
Monero has a BTC pay implementation.
Pirate Chain does too, but we have like a fork. You can't just go to the BTC pay website
and download it and use it like you could with Bitcoin or Monero, but we have a fork of it,
essentially. So it works the same way. But if you're using ones that's fully integrated
from the actual BTC pay website, then it's literally just added like you
use the bitcoin one then you could just click and add monero to it or litecoin or a dozen other
coins that are on there that does that so pirate chain does have a fork of it but it's not like
interoperable with the existing i'm forgetting the term i'm sorry i'm not a developer so
i'm forgetting the term for it but we essentially have a fork of it it's on our github but you have
to run it standalone you know you have to so if you essentially have a fork of it. It's on our GitHub, but you have to run it standalone.
You know, you have to.
So if you already have a BTC pay server going, you have to download PirateChain and run the PirateChain BTC pay server and run it separately.
It's a little inconvenient, but we're hoping in the future to do a fundraiser to try to do a proper integration.
But the quotes I've got are like really really expensive to do it so
that's not happening right now hopefully in the future sometime yeah btc pay is great though
and uh i'm sure there i'm not really up to date on it so i've been focusing on the privacy coin
space last two years but i bet you there's a lot other a lot more uh point of sale systems out
there that integrate actually i think I think like Stripe has it
for Bitcoin, at least if you're just interested in Bitcoin, I think Stripe has it.
I think what I'm most familiar with, yeah, Stripe. But I think they're pretty costly,
actually. But yeah, Stripe is all right. Yeah. So yeah, if you're willing, I'd recommend BTC
Pay because Stripe's going to have fees and stuff like that. I don't believe BTC pay takes any fees. But I could be wrong about that. I guess I'd have to go double
check. But the pirate chain implementation does not take any fees. It does give the whoever's
operating at the option to like charge their own fee on top of it if they want to, but they don't
have to do that, obviously. But yeah btc pay works great it's
pretty simple it's been around for years so there's lots of documentation on how to use it and stuff so
yeah as well bit pay is the really big one oh yeah yeah i yeah i used to yeah i used to onboard
businesses to bit pay that was a fun time that was before i got into privacy coins and stuff so it's one of
the ones that i use the most when i do spend bitcoin the actual bitcoin um i do play video
games from time to time don't judge me but kingwin you can buy video game keys uh with bitcoin and
they use bitface i use that quite a bit oh nice, nice. That is pretty cool. Yeah, just some more options we have,
some more places to go buy and sell stuff.
You know, that's what we need.
And we need to start using this stuff.
So, like, get the volatility down, make it more usable,
and actually have something that can actually compete against fiat
for those of us that want to opt out.
So I do use crypto for a lot of my transactions,
but I'd be lying if I was saying the volatility doesn't cause problems sometimes you know so yeah i'm having an emotional meltdown today oh dude it's
rough yeah talking about these spaces where anyone else that normally comes but i'm just
oh man it's a rough day but hey when something when something dumps hard there's it bounces
hard too you know it's equal opposite reactions so we gotta at least get we gotta get a bounce somewhere here right yeah for sure yeah i don't
think we've actually talked much daniel if at all actually i know your name uh from the team but
i'm pretty into how they i've talked about a lot of spaces and with the team so i just have like
you know loans and stuff like that i'm getting I'm getting hammered today, unfortunately.
Yeah, it's rough for all of us. I'm trying to not look at the charts.
It's so hard. There's a teacher in the office.
In a bull run, I think, using something like Avi, that's where it makes sense.
You know, you borrow in dollars and you gain on your crypto because you're still able to pay bills, you know, like, you have 10 grand Bitcoin deposited, borrow 7 grand of USCC pay bills and whatnot.
I think that works.
But I think you also have to balance it out, like where if we're treading on bear market
and now it seems like we're really in a bear market, you know, from 125K high to down to
62, that you have to balance it.
Like maybe some borrow some Bitcoin debt, right?
You borrow some Bitcoin, cash it out.
And then when you have that bear market, your debt actually goes lower and you
don't have to worry about liquidation as much, right?
So let's say maybe you do 75, 25, 25% of your debt is a Bitcoin.
Then something like this week or today, yesterday,
turns out to be a good week
because then 45% of your debt is like almost cut in half, right?
Yeah.
Yeah, so there's a lot of strategies around it.
Yeah, and you know what?
I've been around crypto for a long time
and I mean, I've got a really simple strategy
that's worked out very well for me.
You know, when the markets are pumping and I'm up a lot, I just sell a little bit here and there and I go and buy silver with it.
I've always wanted to buy gold, but gold's harder to buy at lower amounts.
I was usually just buying an ounce or two of silver at a time, you know, and that's worked out really well for me.
I just take some profits, put it in silver, and I consider my silver my savings.
You know, I don't keep my savings in dollars. I keep it in silver and I consider my silver, my savings, you know, I don't keep my savings in dollars. I keep it in silver.
And that's worked out well for me,
especially over past years since the price of silver has been pumping, but yeah,
don't be afraid. You don't have to go sell everything. You know, if,
if you, uh, Bitcoin's up or you're up in whatever coin you have,
go sell a hundred dollars.
Yeah.
Go buy a little bit of silver with it and, you know,
kind of diversify yourself.
You still don't have to be in fiat, but you're in something a little more stable, you know?
All suggestions, not financial advice.
Okay.
Got that out of the way.
That advice reminds me of something like, well, Krispy Kreme, you know how like donuts
are like $3 each, but then their stock price is also $3.
And then so someone on Twitter posted, every time you buy a Krispy Kreme donut for $3,
be sure to buy a stock also.
That's great.
I didn't even realize that.
I can't believe they're $3 now.
That's crazy.
That's a lot for a donut.
They are good donuts, though.
They are one of the better chains.
But hey, guys, I am at work,
so I actually got to dip off i was just uh i'm
gonna still listen but uh i got some work to do but i'm gonna still tune in and listen
yeah for sure man and i think will you guys be it i know some of you guys will be at monerotopia
next week yeah well it's what paul daniel sam elizabeth will be there. Oh, yeah.
I'm not there this year.
I have some personal medical stuff to take care of.
But maybe next year I'll stay there, Daniel.
All right, great.
Yeah, and I'll dip in.
Next time in San Diego, I'll drop in the office and give you guys some swag and stuff.
Yeah, thank you, man.
We love Pirate Chain.
Fuck yeah, and Pirate Chain loves Edge. We're out here showing you guys all the time. So if any of the listeners out there interested in Pirate Chain, go PirateChain.com and learn all about us. We're Privacy Coin. So and doing some cool stuff these days. So, yeah, thanks for having once again, if anyone wants to speak, let us know.
Trying to look through the little notes here.
I'm cool. I'm much more talkative now. I'm relaxing a little bit.
Yeah, breathe. Everything's going to be okay, even if it's not.
Chimery, I was going to ask you, what region are you from?
Oh, I'm in Nigeria.
Do you see any kind of people at all?
What is the attitude over there as far as using Bitcoin to spend and buy?
Do you see it at all? it common is it rare it's a common thing now it's a common thing now i don't know if
you watch uh speed i show speed uh recent store in africa that was the time he studied he yeah he he made a purchase of one ring which he paid in usd to do but then over here i think the
most medium of accepting cryptocurrencies uh stablecoin and yeah they accept bitcoin too
they accept bitcoin stablecoin and then the one challenge they're having is the lack of privacy because most people wouldn't want like to expose all the transaction because they wanted to pay them so they would
rather uh transact using the centralized exchange and going through decentralized platform so i think
the privacy challenge with bitcoin is one thing that is limiting the using of decentralized distance for transaction
but the there is a positive turnout when you ask today with Spain with Bitcoin and they are good
restaurants places you can pay with Bitcoin even gets things which which kind of cryptocurrency
here yeah the the adoption is very good at this end. Pretty cool, yeah.
And is the attitude probably like,
I want to hold crypto more than I want to hold fiat in Nigeria?
Like, people are more, like, they want to actually use crypto.
Yeah.
Yeah, yeah, yeah, yeah, yeah.
A lot of people.
And even, yeah, a good number of my friends not even hold fiat.
They would only convert to fiat if they want to get some stuff from local people that don't have,
that don't know much about crypto or people that don't really pay attention to crypto.
But they get very, very excited and use crypto when it has to do with people that use crypto.
Most times they keep fiat, they keep stablecoin and bitcoin and some hoditarians and
some other altcoins well they will convert to fear when they have to transact with local vendors that
don't really know much about crypto web 3 and all of all this stuff oh what about merchants do you
see like um in nigeria like local restaurants or businesses also take crypto i know in mexico
there's quite a few and especially in San Diego,
there's I think more in San Diego than Mexico, but physical businesses
like restaurants taking Bitcoin.
Do we see that in Nigeria, like restaurants or pubs or bars taking crypto?
Yeah, yeah, yeah, yeah.
Yeah, they're good.
Yes, yes, they are good.
Even not even bars, even including like stores, you can get your gadgets,
like just good store.
You can buy stuff.
They are safe crypto.
That's pretty cool.
Awesome.
Yeah, the adoption here is going very well.
Like everybody wants crypto.
Everybody wants transactive crypto. Everybody wants to transact with crypto.
And yeah, they are good vendors.
But I think one challenge you have globally is that I've not actually seen a light scale
private platform that can handle like a good number of transactions.
Like Danny was talking about the purest of where you can easily just, let's say a private card, you can just drop and make payments, something like that.
I think that's one challenge that the whole space is having.
And if you can be able to get that done,
encouraging people to spend Bitcoin based on the payment is now simple and faster to do.
I think that will actually help grow the use of Bitcoin,
particularly for day-to-day transaction
i think another thing that's missing right you know like whether it's united states nigeria or
other countries is like the education part and i think that's something where in el salvador
they're doing a good job like they're um making i think schools it's required to learn about bitcoin
and they get like a certificate or something but i think that's kind of lacking in most countries the education part
yeah like even in the united states there's no bachelor's degree that you can get there's no
associate's degree there's there's nothing that you can study maybe there's some courses here and
there but you would think there'd be a whole like bachelor's degree route that you can now get in crypto or something right like i mean to speak to that like basic the basic education
public education in the states at least i can speak from you know michigan where i'm from and
i've paid attention here in california when i live here um they don't teach it anyway right
like you can seek it yeah uh like after um school, but it's not like financial, uh,
literacy is not something that's naturally taught here at all.
Yeah.
Like they don't teach you taxes or budgeting or finance, like in high school,
like, you know, like survival skills or not even survival skills, but just,
you know, to function in society.
Well, just money, just money.
Like what it means, how to use it.
Um, you know, I, I've commonly talked it means how to use it um you know i i've commonly
talked about how it's a language you know we can have that argument too but it's like you don't
you don't learn how to use it the value like not not just like value like everyone gets money buys
stuff but like how to budget how to use it how to prepare for taxes you know we're not taught that
like most most people i know all my peers friends
everything have to learn that after school which doesn't really make sense if school is supposed
to prepare you for normal life or or get you ready for the real world with air quotes why isn't that
something that's just baked into our educational program just it just doesn't make sense to me
our educational program. It just doesn't make sense to me.
I think that thing is just something in general that I still don't see reason why we are not
being taught those things in school. Like, literally, you're not being taught about tax,
you're not being taught about how to manage money, you're not even taught about investments,
but then they will say, oh, go to school, go to school, prepare your bad life. It's just a fucked up system.
Yeah, I agree.
And if it's the same way where you're from,
that's how it is here too.
It's just you're taught to spend, spend, spend,
learn more in whatever education.
See, after high school,
you're supposed to go get a degree for who knows what.
Most of the people I know that have bachelors or beyond,
even masters, don't even use their degree. who knows what. Most of the people I know that have bachelors or beyond, even masters, don't
even use their degree.
It's wild. It's wild how much debt
we're taught to accumulate with no real
goal.
Pretty soon the university is going to be
taking Bitcoin as payment
for your debt.
Sorry, we did have ShamX that has to speak.
Oh, and Kosh, sorry.
Go ahead, Kosh.
Yeah, we didn't have ShamX.
If you're speaking, we can hear you, bud.
I think you have to unmute yourself. Yeah.
Yeah.
Oh, hi guys.
Sorry.
Um, I just joined in not long ago.
I was hearing I saw Jamie Rondi on the speaker also.
Yeah, it was, it was him.
I saw that I'm even joined in the call.
I'm also from Nigeria and i had everything he said
about the adoption of bitcoin in nigeria and is actually right uh i just wanted to add that
the reason why most people don't accept bitcoin per se is because of the um that because it's not a stable coin most most um organizations or shops or let me say stores they
accept um um stable coin most most times but we have situations whereby we have um um stable coin
private like maybe the one there's a stable coin on the Zano that's called FESD I think
we have stores in Nigeria here specifically in the in the states in the state's capital
um they accept um FESD they accept Zano too so I think people are scared of accepting
coins are not stable because of the imbalance, because of the volatility.
I think because if there's a huge transaction like what's happening to the cryptocurrency right now,
maybe I go into a car store, I get a car and I paid in BTC.
Before you know, in a couple of minutes, my BTC went down.
So I think it's a bad market.
It's a bad, I think you get what I'm trying to say.
So it's a good adoption here,
but people are just scared of collecting,
accepting on stable coins rather than stable coin.
That's just it.
I was gonna ask Daniel that earlier earlier too like do you get oh in
general do you guys think it'll stabilize like in the far future where it won't be so volatile and
right now it's just volatile because such a young assets and but eventually you know it'll the
distribution will be healthy and it'll be it could be used as a currency because it won't drop 30
25 in an hour you know or two hours uh do you guys foresee that happening kind of and
then it will and then it will become an actual currency and a viable means of exchange i mean
it should stabilize or or the argument is that much like gold um well gold is kind of boomed
lately but the idea is that it finds its market value and then just slowly goes up because the amount is capped, right?
It's a finite amount of Bitcoin.
So it just kind of goes up as the dollar goes down, right?
Like that is the actual price very slowly.
But we don't know.
We're still in like a discovery phase and have been since Bitcoin launched, right?
We're still in like a discovery phase
and have been since the Bitcoin launch, right?
We don't know what it's worth still.
We don't know what it's worth still.
I think the in terms of volatility
that it actually takes us a long time
before we can achieve that stability
where the price will just be gradually going up
or we gradually coming down.
Because there are not much people that is buying.
Everybody's just buying to keep,
nobody's buying to transact.
And I think we actually achieve that stability,
but then you have to go,
a lot of people have to go into just buying
and using it into transaction daily.
Well, the stability is achieved.
We are still, I think it's going to.
Right.
Yeah, and you know, like we've, earlier we were talking about the price, achieve it. I think it's going to. Right. Yeah.
And, you know, we've earlier, we were talking about the price, which obviously is a pretty
hot topic today, like in office.
We've talked about it here too, but in office and, you know, things like Michael Saylor
just buying it up left and right, actually, it's not helping the cause.
Like he's promoting it as a store of wealth and buying such large sums of it that does
two things, right? It doesn't push this
idea that we should be using it. And I'd hate to admit this, but there's almost this fear that
like this guy can just dump at any time too, which he has enough at this point that could hurt the
value short term, you know, short term, but you know, that's, that's a concern as well.
So, you know, kind of just to reiterate the idea that using it to buy as the topic burgers
or, you know, Daniel was here talking about cars or things like that. And I even mentioned buying
Bitcoin or video game keys. How do we normalize that? It's being able to pay taxes in Bitcoin.
Is that how you start where we don't have to
leverage fiat at all that's the part that is not discovered yet either right it's how do we
stay in bitcoin how do we stay in crypto without having to leave it i think taxes are a start i
mentioned that we were talking about taxes uh earlier this week uh in office maybe that's like the start
right like being able to pay my utility bills and taxes now all of a sudden i don't have to convert
it anymore i almost don't want to give the government because you take your fiat like
for your tax money like you pay them in fiat only it's just the wider acceptance i i don't actually know what that looks like i think it has to do
with our bill being paid first you know you also brought up michael saylor and i think this is
kind of related uh you know he's he's a controversial guy in general but the concept
of selling people paper bitcoin really bothers me also like uh he he buys real bitcoin but he issues
shares of his company all the words he's using here mel gotts right same shit
and same thing with a lot of these exchanges there's a real issue with paper bitcoin
they don't actually have the bitcoin and if everyone decided to all of a sudden grab
their Bitcoin all at once, it would be a bad issue for some of these exchanges. It's essentially
fractional reserve banking all over again. And we're just, we've come full circle. So it's like,
there's a lot of things really push, like, you know, I don't know that they are preventing us from just using bitcoin as a just as a currency
i mean those are still uh sorry god
all right um i have the the the reason why um cryptocurrency was there in the first place
was because of this tradition right
um when satoshi noticed that yeah banks are ripping guys and the rest so we want to select a recent realization where you'll be able to control your own funds and the rest
and it was later on that privacy came into play so i think one of the ways that um people be able to use bitcoin more is um when when when btc is
is privatized when when people are not be able to see your transactions online when when you
be able to transact without people seeing because like like two hours ago i saw unrealized
loss of um what's it called sailor around six point something billion those kind of things scare
people I don't know if you get what I'm trying to say but if things are private like you know
you're not seeing people seeing like a huge amount of money going down on the rest I think it would
make people to spend money and the BTC and another way is if we have um a stable btc i don't know if that's possible
if there's a stable because it's a stable btc that'll be able to spend like to get stuffs
in in cases like this this kind of volatility so i think those are just the two ways i uh
these things can work can you make a stable coin back by Bitcoin is
that this came you can you do that you just have to be constantly buying to not
get deep egg we're just in a long phase of like the discovery price of Bitcoin
you know early conversations that I used to have, and
I swear I didn't have this conversation with RJ, you know, if we were going to
say that it's digital gold, like, is that what, is that what it replaces?
That puts the price around 400,000 a coin.
Is that what it is?
We still don't know.
It's been this very long, long, long time to figure out what the actual price is.
Yeah.
Or if it opens like the real estate market, like people use houses instead
of Bitcoin, instead of just buying houses and holding onto them.
Right.
Then, then you, then you get into this slippery slope of utility versus,
you know, should it be spent or gold?
Yeah.
Yeah.
Because, because Bitcoin is a pretty unique asset where you can store it and
you can actively use it to pay.
You know, you can't like carrying around bars of gold isn't really reasonable.
So it is a new asset.
I know we're celebrating many years of Bitcoin at this point, but how it can be used in the world hasn't been figured out yet either.
I think my take on like in terms of payments
on Bitcoin functioning is money.
I think if there's like a popular app or game
that kind of gamifies it, you know, like pretend
if Grand Theft Auto 6 was out
and their preferred currency in-game was actual Bitcoin.
I think something like that would make it blow up
because if you're buying all the in-game assets,
all your in-game work is in Bitcoin.
And I think there's been talks that they might do something like Bitcoin
or another cryptocurrency behind the scenes.
But ultimately, I think some kind of popular game with microtransactions
where crypto is the primary one would help keep it stable
if it's being used as a payment method or even behind the scenes right
it's not a popular opinion but i think eventually no matter what the banks if they want to stay
competitive and if they want to exist and be relevant they're going to eventually be holding
people's bitcoin like custodially and they'll probably start offering yield on on stables and bitcoin and all that
because they're already kind of pushing against it they're they're trying to like kill certain
bills because they don't want to compete with yield but they're not going to win that fight
and eventually i can see like you know older people holding their bitcoin or whatever it
might be their retirement on banks and it's not a you a cool, sexy look for crypto,
but I think that's peak adoption in a sense.
As a customer support agent,
I've realized not everyone necessarily
can't handle self-custody.
And that becomes a heated debate within itself.
You're opening a can of worms.
We're already in an hour.
You're opening a can of worms.
I'm definitely down to talk about that.
But that's a long conversation.
The idea that banks are holding keys because
people are not able, that's kind of where something like
Edge, that should be the mission, right?
But I digress.
Maybe that is the topic for next week.
Oh, maybe that'd be great.
Yeah, yeah.
But we are we're at the hour.
I want to make sure that we at least offer the the shill portion.
So, you know, if you have projects or, you know, assets or anything that you want to pitch or or let the community know, you know, whoever's here and then this will be recorded and hosted.
You know, now's your time. You know, RJ, Alberto,
if you have anything else you wanted to say about today's topic,
and I know we've kind of been all over the place per usual, but let me know.
But yeah, I didn't realize.
Yeah.
I want to announce one more time since we have more people in here,
the brand ambassadors, you know, they're getting narrowed down.
We pretty much have a list.
I know a few applicants are in the room.
So we will be reaching out pretty soon.
We're excited.
So hopefully we'll be reaching out to you soon.
And then also, Eldon, I just let you speak.
I just saw your request.
So if you want to maybe say something before RJ. I mean, sorry, RJ first. Also, if you want to speak and then before maybe Eldon, I just let you speak. I just saw your request. So if you want to maybe say something before RJ,
I mean, sorry, RJ first.
Also, if you want to speak and then before maybe Eldon speaks.
Oh, I was just going to say, yeah,
in terms of like upcoming events,
as you know, you probably heard us if you were here earlier,
Paul and the team will be at Anacololco and Monerotopia.
This is, I think, next week for those two events, right?
I think it's coming up next week.
Yeah, so if you guys are out there, feel free to look for them
if you want to meet up with them.
But otherwise, yeah, Eldon, if you want to share something
or you want to speak.
Yeah, yeah, yeah.
GM, guys.
GM and H, of course, the intent behind the account.
GMRJ, Michael, of course, all the speakers and listeners here in the space.
GM to you guys.
I was just, you know, the listeners section, just listening to you guys speak.
You know, I heard of using Bitcoin to, you know, get stuff and, you know, buy stuff at local shelves.
And, of course, I mean, it's great, you know, considering my region, which is, you know, get stuff and, you know, buy stuff at local shops. And of course, I mean, it's great,
you know, considering my region, which is, you know, there is actually a mass adoption
of that, but, you know, people tend to be, you know, due to the volatility of Bitcoin,
yeah, people tend to be going for stable coins, you know, they tend to be going for stable
coins, you know, when buying stuff. Yeah, like, you know, today, you know, we tend to be going for stable coins, you know, when buying stuff.
Yeah, like, you know, today, you know, when I went to, even me actually, I'm always scared
of the volatility, you know, you might have, you know, $100 worth of Bitcoin, you know,
due to the volatility, you know, in the coin.
You might just, you know, get to open it and then it's $50 left.
And, you know, the volatility makes people you know run away from
using bitcoin to buy stocks or it's fine actually um it's good to be here i mean this is my first
time of speaking on the space yeah so jam to you guys jam to you guys and you have a lovely lovely
day ahead thank you I mean, volatility is the double-edged sword that we all die and live on, right?
So I guess we can close on that.
Hopefully the price doesn't close much lower today.
Yeah, yeah, yeah.
I mean, the price of Bitcoin is just, you know, drastically reducing.
Yeah.
I mean, the chat is, is just drastically reducing. I mean, the chart is looking so ridiculous to look at.
I can't even look at money because it's just red and going down, down, down, down, down.
Like, what the hell?
Yeah.
Yeah.
That's just it.
I've spent a lot of the days talking to my stomach about it.
Simply, I let you speak simply, Bielsa.
Maybe one last speaker before we cut it.
All right.
Good evening, everyone, depending on what time you're actually going.
I mean, how are you guys doing? It's been a while.
Good, good. GM is for all times these days.
Oh, yeah, yeah, yeah.
I even noticed that the emails for ambassadorship has been,
I'm sorry, ambassadorship acceptance has actually been sent across.
That's actually a nice improvement so far.
Sorry, I couldn't hear you.
There's a little bit louder.
Are you asking about the ambassador applications?
I think you might have popped in a little bit late.
But we will be reaching out soon for ambassadors.
We've narrowed down the list,
and we'll be announcing our picks pretty soon.
So just keep an eye out and be ready to reply if you get picked.
Man, keep an eye out.
Keep an eye out.
I think the final decision has already been done so far.
So, yeah.
Like the email said, we'll keep trying.
I think that was a response.
They'll be in touch when it comes to the ambassador.
Yeah, we'll be in touch soon.
So hopefully we'll reach out soon.
And then we are over the time now.
How do you feel, Michael?
Yeah, let's call it.
What's up?
There's actually another ad switch that is going to follow up after this one that's just been distributed.
Can you say that again?
Is there actually another outreach that is going to be like a follow-up after this one that has just been sent across?
I think it's asking, like, if selected, is there another alternative or outreach?
Or is it just by, like, email?
How is the communication when an ambassador gets selected?
It's going to be through email, yeah.
It'll be through the email you submitted through.
Okay, okay, okay.
I get it now.
I get it now.
You'll actually have it up a little.
Let's see how it goes.
And then, yeah, if you don't get selected this time around,
I mean, we are looking to hopefully grow our ambassadors,
so hopefully we'll be having another round, you know,
so it's, you know, hopefully there'll be future opportunities.
No, it's all good.
It's all good.
All right. Well, thank you, guys. Appreciate it's all good. Well, thank you guys. Appreciate it.
Can I say something?
Thanks guys.
Have a good one.
Peace.
See ya. Thank you.
