WEBVTT 1 00:00:05.919 --> 00:00:09.279 Hello, This is Matt with Start nine, and this is Gary Leland and 2 00:00:09.320 --> 00:00:14.080 you're listening to episode one forty one of the Crypto Cousins podcast. Feed your 3 00:00:14.119 --> 00:00:20.079 interest in bitcoin and cryptocurrencies by joining Hall of Fame podcaster Gary Leland on the 4 00:00:20.160 --> 00:00:25.239 Crypto Cousins podcast. And remember we are all cousins in the world of crypto. 5 00:00:26.879 --> 00:00:31.480 This week's price of bitcoin nine thousand, four hundred and forty four dollars. 6 00:00:31.480 --> 00:00:35.479 This down three hundred and thirty seven dollars a three point five percent over 7 00:00:35.479 --> 00:00:39.719 the last seven days. How how do you, howdy? Matt, Welcome 8 00:00:39.920 --> 00:00:42.399 to the show. I said that every week, how do Howdy, howdy 9 00:00:42.439 --> 00:00:45.159 and welcome to the show. I'm gonna have to come up with something new. 10 00:00:45.280 --> 00:00:47.640 How are you doing, dude, how how howdy? I'm doing good? 11 00:00:47.679 --> 00:00:50.119 Gary, how are you? It's good to see. It's nice to 12 00:00:50.159 --> 00:00:55.799 see you. We met at tone Vay's un Confiscatable conference in Vegas. You 13 00:00:55.799 --> 00:01:00.799 know, he barely got that in before everything got shut down. I think 14 00:01:00.799 --> 00:01:03.959 that had been three weeks later. He'd have been shut down one week one 15 00:01:04.000 --> 00:01:08.280 week later. It was already out at the time, but it hadn't quite 16 00:01:08.519 --> 00:01:14.680 hit the tipping point of fear. But the virus definitely was an issue during 17 00:01:14.760 --> 00:01:18.280 that conference, just not a big one. Yeah, I wasn't even thinking 18 00:01:18.319 --> 00:01:21.120 about it at that conference. I was seeing that it was and yeah, 19 00:01:21.120 --> 00:01:23.760 it's funny. My wife and I talked all the time because I was showing 20 00:01:23.760 --> 00:01:29.120 her posts on YouTube that I was seeing videos in China and stuff of this 21 00:01:29.159 --> 00:01:32.599 post. But I didn't even dawn on me that it would be coming over 22 00:01:32.680 --> 00:01:36.959 here, you know. I just knew it was happening and badly over there, 23 00:01:37.319 --> 00:01:38.439 you know, But I didn't even think about it because she keeps going. 24 00:01:38.439 --> 00:01:42.040 I can't believe we weren't any more prepared than that, not that I 25 00:01:42.120 --> 00:01:45.799 know how prepared we could have been. It was very disruptive, but yeah, 26 00:01:45.840 --> 00:01:49.519 we snuck that conference and right at the last second. So and you 27 00:01:49.640 --> 00:01:52.640 had a booth there for your Start nine. But before we get into start 28 00:01:52.760 --> 00:01:57.400 nine, howbould just give us a little background on yourself? So prior to 29 00:01:57.439 --> 00:02:01.920 Start nine, I was the CT at Salt Lending. Salt Lending is a 30 00:02:01.959 --> 00:02:08.199 cryptocurrency backed lending platform, so essentially a bank that will lend you Fiat currency 31 00:02:08.439 --> 00:02:15.560 while holding a cryptocurrency predominantly Bitcoin, as collateral. I joined that company just 32 00:02:15.759 --> 00:02:23.360 post their utility token Ico as their first developer hire, and from there hired 33 00:02:23.680 --> 00:02:27.719 Keegan McClelland, who is now one of my partners, whose then younger brother 34 00:02:27.759 --> 00:02:30.560 Adan McClelland came on to Salt, who's also now one of my partners, 35 00:02:30.879 --> 00:02:37.400 and together we built Salt's engineering stack along with many others. But you know, 36 00:02:37.479 --> 00:02:39.199 from an architectural standpoint, Keegan and I took care of a lot of 37 00:02:39.199 --> 00:02:43.599 that earlier work and Salt ended up with a very nice technological stack, and 38 00:02:43.639 --> 00:02:46.560 I think that they're doing plenty of loans these days as well. We later 39 00:02:46.560 --> 00:02:50.400 brought on Aaron Greenspan, who's also now one of my partners, so that 40 00:02:50.479 --> 00:02:53.960 rounds out the four of us, and he was working at Salt as well. 41 00:02:53.000 --> 00:02:57.560 Eventually all four of us moved on to do what we're doing now, 42 00:02:57.599 --> 00:03:01.680 which is Start nine. Prior to st I have experience in a variety of 43 00:03:01.719 --> 00:03:06.240 industries. Actually, I grew up in a bagel bakery doing wholesale bread and 44 00:03:06.280 --> 00:03:09.599 bagels, and then after that I was in plastics recycling. Founded a company 45 00:03:09.599 --> 00:03:15.360 in Colorado with my brother to do industrial plastics recycling, which I eventually moved 46 00:03:15.360 --> 00:03:19.479 on from and he has continued to do and is now the largest recycler plastics 47 00:03:19.520 --> 00:03:23.000 materials in the Mid Continent on a monthly basis. Does I think about a 48 00:03:23.000 --> 00:03:25.240 million pounds of plastics a month? This is shredding, grinding, melting. 49 00:03:25.280 --> 00:03:30.479 So my background is quite diversified, but only recently more in the detailed cryptography 50 00:03:30.520 --> 00:03:35.919 space. It sounds like you took a lot of the people who worked for 51 00:03:36.000 --> 00:03:39.560 you are with you from Salt with you when you yeah, I wouldn't say 52 00:03:39.560 --> 00:03:43.879 I took them with me. It's that we all moved on right Salt, 53 00:03:44.599 --> 00:03:47.000 you know, I was doing its thing and we had built some nice technology 54 00:03:47.039 --> 00:03:53.199 there and ultimately, you know, it wasn't for us, and you know, 55 00:03:53.199 --> 00:03:54.560 we were really wanting to do what we're doing now. You know, 56 00:03:54.680 --> 00:04:00.800 Salt is a centralized institution, right, It's essentially a bank, and while 57 00:04:00.800 --> 00:04:03.879 the technology the underpins it was very interesting to us, the idea of being 58 00:04:03.879 --> 00:04:08.719 a bank was not. We very much are in the business of, you 59 00:04:08.759 --> 00:04:15.439 know, fighting the banks and implementing a decentralized financial system and communications infrastructure. 60 00:04:15.639 --> 00:04:18.240 Well, you've come out with the Start nine, which is basically, well, 61 00:04:18.240 --> 00:04:20.879 I guess that's the company. Is the device called a start nine. 62 00:04:21.160 --> 00:04:25.480 No, the device is now called the Embassy Embassy. Yeah, I knew 63 00:04:25.519 --> 00:04:27.720 that. I knew I was calling it the wrong thing. When you bought 64 00:04:27.759 --> 00:04:30.240 it, it was called the S zero Personal Server, the zero being the 65 00:04:30.279 --> 00:04:35.240 prototype version, right, But no, we've rebranded where it's the Embassy and 66 00:04:35.279 --> 00:04:39.879 the Embassy runs our operating system, which we call Ambassador, right, and 67 00:04:40.040 --> 00:04:42.839 Ambassador lives in an embassy, So that made sense to us. And we 68 00:04:42.879 --> 00:04:46.680 think it's pretty cool. And it's basically a Raspberry pie. That's the Corman. 69 00:04:46.759 --> 00:04:51.399 I guess that's the board perhaps. Yeah, we um we're not particularly 70 00:04:51.480 --> 00:04:55.959 hardware people. I mean we're not. We're not dummies either. Our launch 71 00:04:56.000 --> 00:04:59.879 as a company has keep the hardware boring. Stupid hardware doesn't need you know, 72 00:05:00.000 --> 00:05:01.720 ovation right now. I mean I shouldn't say that hardware needs innovation, 73 00:05:01.759 --> 00:05:05.279 but we are not innovating and hardware right. We're trying to be as commoditized 74 00:05:05.519 --> 00:05:11.199 and boring on the hardware front as possible. Our value proposition comes in with 75 00:05:11.279 --> 00:05:17.040 Ambassador OS, our application offerings, and really mostly the way that we pull 76 00:05:17.079 --> 00:05:24.240 it all together into a seamless user experience. Right. We are bringing decentralized 77 00:05:24.279 --> 00:05:30.639 applications and platforms and protocols and technologies to the average person. Right, my 78 00:05:30.079 --> 00:05:34.600 mother is running an embassy that runs a bitcoin full node and cup's messenger, 79 00:05:34.720 --> 00:05:38.879 and she couldn't tell you what a command line is. Well, I'm writing 80 00:05:38.879 --> 00:05:41.240 all that, and I can't tell you what a command line hardly is either. 81 00:05:41.360 --> 00:05:44.639 So it works. Yeah, so it works. So tell us about 82 00:05:44.720 --> 00:05:47.920 the home concept of what we're doing here with the embassy, in the ambassador 83 00:05:47.959 --> 00:05:50.079 software and the cups. We've got a lot of stuff to go through here. 84 00:05:50.079 --> 00:05:53.879 Where do you want to start? Well, I could just do the 85 00:05:53.879 --> 00:05:57.360 embassy elevator pitch. Yeah, let's do that real quick. I've set up 86 00:05:57.439 --> 00:06:00.560 the Costa node, I've set up the hot No, this is the easiest 87 00:06:00.560 --> 00:06:02.920 thing I've said up yet, by far. I mean, not by a 88 00:06:02.959 --> 00:06:08.399 little bit, by a mile. I mean, I plugged it in it 89 00:06:08.560 --> 00:06:13.800 beat, I hooked it up to my router, downloaded an app on iTunes 90 00:06:14.240 --> 00:06:16.680 or on the app store, put in the number that was printed on the 91 00:06:16.680 --> 00:06:21.439 bottom of my embassy, and I updated the app, updated the embassy, 92 00:06:21.480 --> 00:06:24.519 and I was in business. I mean, this was the easiest thing, 93 00:06:24.560 --> 00:06:27.160 by far, I've ever said up. Yeah, that was our goal, 94 00:06:27.199 --> 00:06:30.439 that's our value. Proposition. Again, it's not the hardware. Some people 95 00:06:30.439 --> 00:06:31.519 see what we're selling and they go, oh, I could put a raspberry 96 00:06:31.560 --> 00:06:33.600 pie in a box and sell it too, And I said, you haven't 97 00:06:33.639 --> 00:06:39.079 really looked right. Eight months of four developers cranking on something, I mean, 98 00:06:39.199 --> 00:06:43.879 night and day and we're decent too, does not result in a Raspberry 99 00:06:43.879 --> 00:06:48.079 pie in a box. We built a computing platform, so the Embassy Elevator 100 00:06:48.120 --> 00:06:54.480 pitch right. So the Embassy is a plug in play personal server that is 101 00:06:54.480 --> 00:06:59.720 geared towards the non technical individual. What it does is you plug it into 102 00:06:59.720 --> 00:07:02.199 your all, you claim it, right, and this is a cryptographic key 103 00:07:02.240 --> 00:07:09.759 exchange process where your phone is locally spinning up cryptographic keypair in the form of 104 00:07:09.800 --> 00:07:12.439 a mnemonic phrase, just like you would a bitcoint wallet. Right, it's 105 00:07:12.439 --> 00:07:15.639 going to spit up twelve words. In fact, you could bring your own 106 00:07:15.759 --> 00:07:17.720 twelve words. Right. As long as you are BIP thirty nine compliant, 107 00:07:18.120 --> 00:07:23.199 you can bring your twenty four words seed phrase or twelve word seed phrase to 108 00:07:23.439 --> 00:07:27.720 our products. You don't need to trust us to even generate these seed phrases. 109 00:07:27.920 --> 00:07:30.600 But anyway, once you've generated this phrase, you can now claim your 110 00:07:30.600 --> 00:07:34.720 physical and the seed device over the local area network of your home, so 111 00:07:34.759 --> 00:07:39.160 the device plugs into your router. You can now discover it in the same 112 00:07:39.199 --> 00:07:43.399 way that you would discover a wireless printer and claim it. And by claiming 113 00:07:43.399 --> 00:07:46.120 it, you're registering a public key onto the device, private key words on 114 00:07:46.120 --> 00:07:49.439 your phone and is backed up by a mnemonic phrase which you go shop in 115 00:07:49.160 --> 00:07:54.839 some safe somewhere. So now you are the sole owner, a master of 116 00:07:54.879 --> 00:07:58.360 this hardware device that's sitting in your home. Great. So now you have 117 00:07:58.399 --> 00:08:03.759 a Raspberry Pie running on your home network that is claimed by you your phone, 118 00:08:03.079 --> 00:08:05.439 and what are you going to do with it? So what you do 119 00:08:05.600 --> 00:08:09.199 is you can go to our hosted appropository. And this is the sort of 120 00:08:09.240 --> 00:08:13.279 singular point of trust in our entire infrastructure right now, but it is not 121 00:08:13.360 --> 00:08:18.839 a critical one and will be decentralized and trustless in the near future. We're 122 00:08:18.879 --> 00:08:24.399 working towards that right Another one of our mantras is that you do not need 123 00:08:24.480 --> 00:08:26.959 to trust us. We are not trying to be the trusted company. We're 124 00:08:28.000 --> 00:08:31.279 trying to make it so that you don't have to trust any companies. Now 125 00:08:31.319 --> 00:08:33.399 that you have claimed this device, you go to the host of Appropository and 126 00:08:33.440 --> 00:08:37.600 you can browse and install apps. Apps in the sense we're actually starting to 127 00:08:37.600 --> 00:08:43.840 call them mods now because apps has got a little bit of a conceptual collision 128 00:08:43.919 --> 00:08:46.559 with things that you put on your phone, and it's not what these things 129 00:08:46.559 --> 00:08:50.960 are, right. These are server apps modules, things that you install onto 130 00:08:50.039 --> 00:08:54.559 a server. And the first three apps that we put on the app store 131 00:08:54.919 --> 00:09:01.240 or mods are Bitcoin and Bitcoin Core. Full Node Warden, which is a 132 00:09:01.279 --> 00:09:05.799 self hosted password manager similar to last pass, except you are running your own 133 00:09:05.960 --> 00:09:11.000 server such that all your passwords are not stored on somebody else's third party server. 134 00:09:11.159 --> 00:09:15.159 You're posting them all on your physical device. And lastly, Cup's Messenger, 135 00:09:15.279 --> 00:09:20.279 which is our own messaging protocol that utilizes the Tour network. We utilize 136 00:09:20.279 --> 00:09:24.879 Tour for a lot of things to relay messages from person to person. So 137 00:09:24.919 --> 00:09:28.559 if I want to message you, instead of that message being encrypted on my 138 00:09:28.639 --> 00:09:33.559 device, sent to some central server and then relayed to you and then decrypted, 139 00:09:33.759 --> 00:09:37.320 right, which is what most encrypted messaging apps offered today, where you 140 00:09:37.360 --> 00:09:43.039 are trusting that middleman to not only you know not have a backdoor, but 141 00:09:43.159 --> 00:09:46.679 also you know they are persisting those messages indefinitely, so you are trusting them 142 00:09:46.679 --> 00:09:50.360 with both the data and the access to that data, whereas with cups. 143 00:09:50.519 --> 00:09:54.519 You know, it encrypts it on my device. My device sends it to 144 00:09:54.639 --> 00:09:56.879 my embassy, my device meeting my phone. My phone sends it to my 145 00:09:56.879 --> 00:10:01.320 embassy. My embassy is what or is it so that I can view it 146 00:10:01.440 --> 00:10:05.240 later and from all my other devices. My embassy sends it to your embassy, 147 00:10:05.279 --> 00:10:07.320 where it also gets storage that you can do it from all your devices 148 00:10:07.320 --> 00:10:09.639 in the future. And then your embassy sends it to your phone. Right, 149 00:10:09.679 --> 00:10:13.000 So it's me to my embassy, my embassy to your bassy, your 150 00:10:13.000 --> 00:10:16.320 emassy to your phone. You and I are now talking. There's no middlemen 151 00:10:16.440 --> 00:10:22.080 involved, and everything is relayed over the tour network and encrypted end to end. 152 00:10:22.360 --> 00:10:26.639 There are also no exit nodes involved in this process, which means you 153 00:10:26.679 --> 00:10:30.960 are not subject to the vulnerability that the tour network has regarding exit nodes. 154 00:10:31.000 --> 00:10:35.559 All traffic stays on tour, nothing leaves. You also tell me though, 155 00:10:35.679 --> 00:10:39.320 because the scenario you just gave me is we both are using cuts and we 156 00:10:39.399 --> 00:10:41.720 both have embassies. But if I remember correctly, you told me in Vegas 157 00:10:41.720 --> 00:10:46.120 that I could be talking to someone who didn't have an embassy or cut. 158 00:10:46.440 --> 00:10:50.799 It's just that only my end would be encrypted, where their end would be 159 00:10:50.320 --> 00:10:54.519 unencrypted. Right. I remember that that was regarding email. So if you 160 00:10:54.559 --> 00:10:58.559 wanted to send an email, right, your end would be all sort of 161 00:10:58.600 --> 00:11:01.919 private. But if you're sending that to someone who has a Gmail address, 162 00:11:01.399 --> 00:11:05.120 and that end of the communication line is still subject to the inspection of the 163 00:11:05.159 --> 00:11:09.360 Google email bots. So that was cups, wasn't cups. I was confusing 164 00:11:09.360 --> 00:11:13.799 it, correct, Yeah, that was just a general conversation about email. 165 00:11:13.799 --> 00:11:16.919 Emails hard right. Email we will be able to do, but there are 166 00:11:16.480 --> 00:11:20.240 concerns and challenges with email that are unique to that protocol. It's very old. 167 00:11:20.279 --> 00:11:24.840 It predates most of the Internet infrastructure today, and so it's very hard 168 00:11:24.840 --> 00:11:28.960 to adapt to things like tour. Cups, however, to address your point, 169 00:11:28.360 --> 00:11:33.639 will be in the near future, usable by people who do not have 170 00:11:33.200 --> 00:11:37.080 an embassy in a couple of ways. So first of all, anyone can 171 00:11:37.159 --> 00:11:41.679 run cups. It's open source software. You don't need an embassy from start 172 00:11:41.759 --> 00:11:45.759 nine to run cups. You can go get the code from get compile it 173 00:11:45.799 --> 00:11:48.759 from source. It's not easy, right, it requires technical expertise and run 174 00:11:48.759 --> 00:11:54.759 it on your own MacBook or vps hosted on Digital Ocean or whatever you want, 175 00:11:54.799 --> 00:11:58.720 whatever degree of trust you're willing to do. Cups is just a messaging 176 00:11:58.759 --> 00:12:03.440 protocol. However, we are implementing a feature called guest accounts on cups where 177 00:12:03.759 --> 00:12:07.519 if you say you have an embassy and you want to chat with your friend 178 00:12:07.759 --> 00:12:11.639 who does not have an embassy and is also not technical enough to go set 179 00:12:11.720 --> 00:12:15.759 up cups on their own and doesn't want to buy an embassy because they don't 180 00:12:15.960 --> 00:12:18.600 see the value, but you still want to talk to them using cups. 181 00:12:18.919 --> 00:12:22.639 You will be able to give them your cups address, just like you'd give 182 00:12:22.679 --> 00:12:26.240 them your cups address if you wanted to chat with them, right, So 183 00:12:26.240 --> 00:12:28.879 you give them your cups address, and then you give them an invite code, 184 00:12:28.159 --> 00:12:33.639 right, a one time password invite code. Now they can actually log 185 00:12:33.840 --> 00:12:39.240 in to your embassy using this guest password. Obviously they don't have full access 186 00:12:39.279 --> 00:12:45.240 to the embassy, just and create a cups account that is only capable of 187 00:12:45.279 --> 00:12:48.039 talking to you, I think, right. So, now you can just 188 00:12:48.120 --> 00:12:50.720 fill up your contact list with all your friends, send out these little invite 189 00:12:50.720 --> 00:12:54.200 codes. They go get the Cups app from the app Store or Google Play 190 00:12:54.200 --> 00:12:58.679 Store. Or just the tour browser right, put in your address, put 191 00:12:58.679 --> 00:13:01.360 in their OTP, and then change their password to whatever they want. And 192 00:13:01.440 --> 00:13:05.480 now you can talk to all your friends over cups and not one of them 193 00:13:05.480 --> 00:13:09.000 loans in embassy except for you. However, they are all trusting you. 194 00:13:09.039 --> 00:13:13.279 Now you have all the data. You are the server now, right, 195 00:13:13.320 --> 00:13:16.159 so they're all logging in with you. So if your embassy goes down, 196 00:13:16.600 --> 00:13:20.519 goes offline, or you just decide to take all those chats and publish them 197 00:13:20.600 --> 00:13:24.360 everywhere, all these people are trusting you. You are now the trusted third 198 00:13:24.399 --> 00:13:28.399 party. Okay, okay, but that's not available yet. No, okay, 199 00:13:28.480 --> 00:13:31.879 but cups is your newest that's the newest thing you've released. Yeah, 200 00:13:31.120 --> 00:13:35.159 I mean, that's your new thing that's out. So y'all are still cups. 201 00:13:35.679 --> 00:13:39.000 The server has been around for a while, but like most things with 202 00:13:39.039 --> 00:13:41.440 the Embassy, it was very hard to use these apps. Right. So 203 00:13:41.600 --> 00:13:48.279 phase one of Start nine as a company was to make running a personal server 204 00:13:48.720 --> 00:13:54.480 and installing open, decentralized protocols and applications easy for the average person. We 205 00:13:54.639 --> 00:13:56.320 did that. We had that done back in February. You saw it, 206 00:13:56.519 --> 00:14:00.639 Yeah, you plugged it in. You hit install and boom, You're running 207 00:14:00.639 --> 00:14:03.679 a full Bitcoin note over tour. Didn't require any expertise at all. No, 208 00:14:03.559 --> 00:14:05.639 no, noll, I mean take me, I said, take minutes. 209 00:14:05.799 --> 00:14:09.000 I mean yeah. The problem then was what do I do now? 210 00:14:09.200 --> 00:14:11.559 That was the question people put out to us. Say, Okay, I 211 00:14:11.600 --> 00:14:13.440 got bitcoin running on my own embassy, in my own living room. How 212 00:14:13.440 --> 00:14:16.559 do I use it? I got cups running right on my embassy in my 213 00:14:16.559 --> 00:14:20.039 living room. How do I use it? Will? Phase two of start 214 00:14:20.120 --> 00:14:24.200 line is to make all of the applications running on your embassy. These background 215 00:14:24.279 --> 00:14:30.279 processes usable from clients applications. These are apps that you could put on your 216 00:14:30.360 --> 00:14:37.240 iPhone or Android phone and more. More predominantly PWA's progressive Web applications, meaning 217 00:14:37.320 --> 00:14:41.360 that you can use the cup's instance on your server. You can use the 218 00:14:41.480 --> 00:14:46.679 engine right the Cup's engine simply by going to a Tour browser or Firefox browser 219 00:14:48.120 --> 00:14:52.919 and plugging in the Onion URL of your cups instance. So you don't need 220 00:14:52.960 --> 00:14:56.120 to go to the Google play Store the App store to use our apps. 221 00:14:56.559 --> 00:15:01.000 It's convenient. It's nice to have those icons on your phone, but all 222 00:15:01.000 --> 00:15:03.879 you really need is a Tour browser, so there's no way to stop this. 223 00:15:03.240 --> 00:15:05.679 Even if Apple is just like screw you're not allowed to have cups on 224 00:15:05.720 --> 00:15:09.039 the app store. We go, okay, just go use the tour browser. 225 00:15:09.360 --> 00:15:13.039 Right. So, cups will be improving, and that's y'all's new project. 226 00:15:13.080 --> 00:15:15.519 That's what y'all working on a lot. There's a lot of things that 227 00:15:15.519 --> 00:15:18.559 are going to happen to make that easier and better and more useful. Yeah, 228 00:15:18.639 --> 00:15:20.440 it's going to get better. It's not our focus. Our primary kind 229 00:15:20.440 --> 00:15:24.960 of initial trajectory as a company, as a niche computer company, is bitcoin 230 00:15:26.080 --> 00:15:28.759 and bitcoin related technologies. Right, So, coming soon is going to be 231 00:15:28.840 --> 00:15:33.559 an electrom personal server. That one quick install. Now you're running an electron 232 00:15:33.559 --> 00:15:37.519 personal server on your embassy. Next is coming Lightning, right Sea Lightning will 233 00:15:37.559 --> 00:15:41.559 be shortly after that. Do you have any timelines estimated for those? No, 234 00:15:43.000 --> 00:15:45.840 we do internally, but I don't like to communicate this. That's fine. 235 00:15:45.840 --> 00:15:46.639 I didn't know if you're going, yeah, we're definitely going to have 236 00:15:46.759 --> 00:15:52.399 it by this data we like to build, launch and then announce. Cups 237 00:15:52.480 --> 00:15:54.720 is important to us, though not because we think everyone's going to be using 238 00:15:54.759 --> 00:15:58.200 cups in the future as their primary messaging app. Cups is important to us 239 00:15:58.240 --> 00:16:03.120 because it is a demonstration. It was a sandbox source. Right that we 240 00:16:03.159 --> 00:16:07.879 are not a bitcoin node. Right, We too often get confused as something 241 00:16:07.000 --> 00:16:11.000 like a mind node, btcre or a COSA node which is no longer in 242 00:16:11.039 --> 00:16:17.080 production, but right, which are great products. But they are Bitcoin nodes 243 00:16:17.159 --> 00:16:18.960 and lightning nodes. Right. They are designed to be plug and play. 244 00:16:19.000 --> 00:16:22.360 You plug it into the wall and boom, you have a Bitcoin node running. 245 00:16:22.480 --> 00:16:26.840 Right. We are a computer company. We are a computing platform, 246 00:16:26.120 --> 00:16:33.080 right for all sorts of applications and decentralized protocols that have been traditionally very difficult 247 00:16:33.159 --> 00:16:37.480 to run. Right, everything from I mean take bitwarden, just a password 248 00:16:37.480 --> 00:16:41.879 manager, right, you can't do bitwarden on your plug and play Bitcoin node. 249 00:16:42.080 --> 00:16:47.120 Right. Those are very bespoke products to bitcoin. Bitcoin is at the 250 00:16:47.200 --> 00:16:51.559 center of our culture, of our ethos, and our product roadmap. But 251 00:16:51.600 --> 00:16:56.039 we are a generalized computer company and a demonstration of that. So let's go 252 00:16:56.080 --> 00:17:00.240 over real quick. Now. When you say bitcoin corn, we talk about 253 00:17:00.240 --> 00:17:03.079 that that's a pruned version a Bitcoin Core. I guess that's why an uploads 254 00:17:03.119 --> 00:17:07.599 so quickly or update so quickly. Yeah, I mean we buy default set 255 00:17:07.640 --> 00:17:11.119 pruning quite high, Right, because our physical devices that we're selling don't have 256 00:17:11.160 --> 00:17:15.000 a lot of storage. Right, We're selling devices with one hundred and twenty 257 00:17:15.039 --> 00:17:18.359 eight gigabytes of storage that can't even fit the whole blockchain. But it's not 258 00:17:18.400 --> 00:17:22.960 like we prune just to accommodate the storage. It's that we prune because there's 259 00:17:22.079 --> 00:17:27.440 very few reasons to run a full archival bitcoin mode. Right. The average 260 00:17:27.480 --> 00:17:32.839 person does not need every block in every transaction that has ever happened. They 261 00:17:32.880 --> 00:17:37.079 just need to validate them. Right, we start at genesis. It sinks 262 00:17:37.119 --> 00:17:40.839 the entire blockchain, but as it goes, it throws out the data that 263 00:17:40.920 --> 00:17:45.400 it doesn't care about. Right, which a full bitcoin node. It's still 264 00:17:45.440 --> 00:17:48.480 a full bitcoin node, it's just not a full archival node. That's the 265 00:17:48.519 --> 00:17:51.960 difference. A full Bitcoin noode can be very heavily pruned. And what it 266 00:17:52.000 --> 00:17:56.200 does is it allows you to process and relay transactions. It allows you to 267 00:17:56.359 --> 00:18:00.119 validate transactions, It allows you to validate blocks, It allows you to broadcast 268 00:18:00.160 --> 00:18:03.880 your own transactions. It allows you to do all of this in privacy. 269 00:18:03.920 --> 00:18:08.039 The average person will never notice the difference between a pruned Bitcoin note and an 270 00:18:08.079 --> 00:18:11.960 unpruned Bitcoin note. They don't write and it's it's more scalable too. Well, 271 00:18:12.079 --> 00:18:15.519 sure uploads a hell of a lot faster than a full note that's the 272 00:18:15.599 --> 00:18:18.319 name show. The sync process is still going to take a while, right, 273 00:18:18.400 --> 00:18:21.599 It didn't seem to take very long to me, not to what it 274 00:18:21.720 --> 00:18:23.599 was like calling the cost. And we don't do precinct either, right, 275 00:18:23.640 --> 00:18:27.400 we don't believe in shipping somebody a precinct blockchain for the sake of convenience. 276 00:18:27.400 --> 00:18:30.920 It's like, if you can't wait, you know, a few days for 277 00:18:30.279 --> 00:18:34.079 your node to sync, you got a patient's problem, Like this is real 278 00:18:34.079 --> 00:18:37.759 privacy and you got to be a little patient. So right now we have 279 00:18:37.880 --> 00:18:41.119 the core, we have a bit warden, we have cuts yeah, planned 280 00:18:41.319 --> 00:18:48.680 um Lightning Lightnings coming, yeah, and then Electron electrom is coming, Lightning's 281 00:18:48.680 --> 00:18:53.440 coming. BTC pay server is on our roadmap. And then we have a 282 00:18:53.480 --> 00:19:00.319 whole suite of sort of non Bitcoin related applications, including messaging protocol calls. 283 00:19:00.680 --> 00:19:06.759 So Matrix is one that's front and center on our radar. Matrix is a 284 00:19:06.799 --> 00:19:12.000 messaging protocol that allows for group chats, video conferencing, peer to peer chats, 285 00:19:12.039 --> 00:19:15.319 and it's very robust. We use it internally, we use the synaps 286 00:19:15.400 --> 00:19:19.799 implementation of Matrix and the front end clients. I think we use Riot to 287 00:19:21.279 --> 00:19:23.440 communicate internally as a team, and it's all self hosted, right, So 288 00:19:23.480 --> 00:19:30.279 we try to walk our walk and not use posted services whenever it is practical 289 00:19:30.359 --> 00:19:34.880 to do so. Obviously we are currently using hosted services. We shopify to 290 00:19:36.000 --> 00:19:40.000 sell embassies, and that's not something that we like or are going to be 291 00:19:40.039 --> 00:19:42.279 doing for very long, but it was expedient, right. It allows us 292 00:19:42.359 --> 00:19:47.599 to ship product very quickly without having to take the time to set up our 293 00:19:47.599 --> 00:19:51.599 own payment rails and infrastructure. However, we are setting up currently our own 294 00:19:51.599 --> 00:19:53.680 BTC payer. For instance, you'll be able to buy embassies with bitcoin in 295 00:19:53.720 --> 00:19:56.640 the coming days. So since we're going there, how are they selling? 296 00:19:56.880 --> 00:20:00.759 Are you happy? Are you? Are you sad? Or about what you 297 00:20:00.799 --> 00:20:04.200 expected? Or it's about what we expected actually, so the numbers, there's 298 00:20:04.480 --> 00:20:08.880 you know, full transparency here. We launched a prototype, right, which 299 00:20:08.880 --> 00:20:14.920 are engraved an inaugural edition of the prototype. I think mine has that it 300 00:20:14.960 --> 00:20:17.599 has the number on it. Or we're pretty low too. You were one 301 00:20:17.599 --> 00:20:19.839 of the very first five thirty or something, I think, yeah, and 302 00:20:19.920 --> 00:20:25.119 so we we did one through one hundred of the initial prototype, and those 303 00:20:25.160 --> 00:20:29.480 are almost gone. We have I think a couple dozen left, so twenty 304 00:20:29.680 --> 00:20:33.519 twenty five of those are left, and so we've sold what seventy seventy five 305 00:20:33.799 --> 00:20:37.240 units so far? Are those at two hundred a piece, So we're significantly 306 00:20:37.319 --> 00:20:42.000 under the market for a full bitpoint node. Right. I'm not sure exactly 307 00:20:42.000 --> 00:20:45.079 what the prices are out there, but I know they get as high as 308 00:20:45.079 --> 00:20:48.319 like six seven hundred dollars some of them, and so we're very under the 309 00:20:48.359 --> 00:20:52.480 market. And we do the same thing and ten times more. Yea hear 310 00:20:52.519 --> 00:20:55.799 you say you have a lot more features for a lot less money. Yes, 311 00:20:55.920 --> 00:20:57.039 So the price point is it is not going to stay that well. 312 00:20:57.279 --> 00:21:02.160 We came in low because people were taking a risk on an unknown product, 313 00:21:02.440 --> 00:21:07.599 which we further incentivized by doing the numbered addition, because if we do our 314 00:21:07.680 --> 00:21:10.720 job and things go well, who knows, maybe they'll be worth something something. 315 00:21:10.799 --> 00:21:15.160 So we wanted to incentivize our early users are alpha users really to buy 316 00:21:15.200 --> 00:21:18.440 one of these, So we put the price point really low. We don't 317 00:21:18.440 --> 00:21:21.759 make a dime on them, and we engraved them, and we asked for 318 00:21:21.839 --> 00:21:25.160 honest feedback and a gentle hand, right, and we got that, and 319 00:21:25.200 --> 00:21:30.680 we have been very very happy with this sort of initial rollout of a very 320 00:21:30.839 --> 00:21:36.359 radical product that has almost no comparison in the world. And so now we're 321 00:21:36.400 --> 00:21:40.599 sort of entering phase two. Right following the sellout of the initial one hundred 322 00:21:40.680 --> 00:21:45.960 units will be a new device that we have yet to unveil. It is 323 00:21:47.079 --> 00:21:52.359 not our sort of flagship product that will be coming next year, which will 324 00:21:52.400 --> 00:21:55.359 be a much bigger and cooler unbail way do you see what that looks like? 325 00:21:55.599 --> 00:21:59.279 But the sort of we'll call it the V one point five is coming 326 00:21:59.440 --> 00:22:04.400 very soon. We'll be selling that in the meantime before the major product flagship 327 00:22:04.480 --> 00:22:07.079 comes out next year. Price points will be a lot higher, by the 328 00:22:07.079 --> 00:22:11.759 way than what you have right now with a flagship one. Yes, yeah, 329 00:22:11.799 --> 00:22:14.480 well it does a lot more. Where would people go to see? 330 00:22:14.559 --> 00:22:17.720 Would they just start nine dot com if they want to see these or inches, 331 00:22:17.759 --> 00:22:21.920 then minees start nine labs dot com starting in labs dot com. So 332 00:22:22.000 --> 00:22:23.400 y'all ship them right now? I mean you have them in stock. Yeah, 333 00:22:23.440 --> 00:22:27.279 we have the remaining you know, inaugural editions one ready to roll. 334 00:22:27.599 --> 00:22:30.240 We usually ship them within an hour or two of an order, so you 335 00:22:30.359 --> 00:22:34.039 got like fifteen left or something like twenty twenty five. Okay, so yeah, 336 00:22:34.039 --> 00:22:37.160 if you get twenty five orders in the next month, you had a 337 00:22:37.200 --> 00:22:38.720 business. Though. Now one comes out. Oh no, no, no, 338 00:22:38.720 --> 00:22:41.880 no, we're ready to ship the one point five right now too. 339 00:22:41.960 --> 00:22:45.799 Okay, okay, yeah, no again, but we're boring hardware right The 340 00:22:45.839 --> 00:22:48.720 one point five is all commodity stuff, nothing custom made. The V two 341 00:22:49.319 --> 00:22:52.599 is going to be the real flagship product, and that's a twenty twenty one 342 00:22:52.920 --> 00:22:57.720 launch date right sometime next year. Now you're gonna be showing these that You've 343 00:22:57.720 --> 00:23:02.920 got a table a bit block Boom, so people come into bit block Boom 344 00:23:02.960 --> 00:23:04.640 will be able to see these. And for those who are not aware, 345 00:23:04.640 --> 00:23:08.000 a bit block Boom is a bitcoin conference I put on in Dallas. This 346 00:23:08.079 --> 00:23:11.240 will be our third year. It's going to be really great. Gosh, 347 00:23:11.519 --> 00:23:15.119 we probably would have been sold out already if it hadn't been for those two 348 00:23:15.160 --> 00:23:18.559 months A ticket stop selling because people didn't know what was going on. But 349 00:23:18.680 --> 00:23:22.559 now they started selling like crazy again. Because I think that everybody realizes down 350 00:23:22.599 --> 00:23:26.480 here in Texas where like I think, our restaurants started seventy five percent occupancy 351 00:23:26.559 --> 00:23:30.000 starting Friday, so we're pretty much back on track, but we're fifty for 352 00:23:30.039 --> 00:23:33.200 a while. But that's if you're interested. Anyone's interested in bit block boom. 353 00:23:33.240 --> 00:23:37.680 It's a bitcoin conference, it's not an apcoin conference. All we talk 354 00:23:37.720 --> 00:23:41.160 about is a bitcoin and bitcoin applications. You can find out more about it 355 00:23:41.160 --> 00:23:44.720 at bitblock boom dot com. Check it out. But also, like I 356 00:23:44.759 --> 00:23:48.160 said, you'll be able to Matt and his crew will be there. They'll 357 00:23:48.200 --> 00:23:52.599 have a table set up showing the well you have to start nine and the 358 00:23:52.680 --> 00:23:56.279 new one there by then or at the one point five will be there. 359 00:23:56.319 --> 00:23:59.240 For sure. We're going to sell out of the prototypes that, yeah, 360 00:23:59.240 --> 00:24:00.920 you'll be out of the I didn't mean to start nine the embassy. Yeah, 361 00:24:00.920 --> 00:24:04.079 we're starting to get some recognition right now. And again by design, 362 00:24:04.279 --> 00:24:08.519 we weren't hiding. Like we understand. I've had enough startups, this is 363 00:24:08.519 --> 00:24:14.440 my fifth startup and experience to know that you don't just We're not a marketing 364 00:24:14.440 --> 00:24:18.319 company, right. We want sales to scale with the quality of the product 365 00:24:18.400 --> 00:24:22.240 and not any faster, not any slower either. It's starting to curve a 366 00:24:22.279 --> 00:24:25.960 little bit, so we're gonna sell out. We'll be selling the one point 367 00:24:26.000 --> 00:24:29.440 five at bit block boom. The inaugural editions will be gone, and we 368 00:24:29.480 --> 00:24:32.079 are really looking forward to this conference. Scare. I mean, everyone's been 369 00:24:32.079 --> 00:24:34.039 cooped up and there is a hunger to get after it. And I think 370 00:24:34.119 --> 00:24:40.319 you're you are going to be the first major bitcoin conference. You're gonna hockey 371 00:24:40.359 --> 00:24:44.119 stick. Yeah. I think we'll be the first one for sure. That's 372 00:24:44.160 --> 00:24:47.160 in person. We've got to start platinum sponsor this year. We've got another 373 00:24:47.200 --> 00:24:49.880 sponsor I was talking to today, So all of a sudden people are contacting 374 00:24:49.880 --> 00:24:53.519 me. Where last year, our second year, I couldn't get a platinum 375 00:24:53.559 --> 00:24:56.279 sponsor. I hardly get anyone to talk to me. But we did real 376 00:24:56.319 --> 00:25:00.319 good last year and everybody was real excited about it this year. Now, 377 00:25:00.079 --> 00:25:03.079 I still think it's funny Meadowdell Post Segary is going to look like a genius 378 00:25:03.119 --> 00:25:07.799 posting a conference and in the August and then hot as hell Texas. But 379 00:25:07.960 --> 00:25:11.440 it turns out to be the greatest timing of all times. Maybe yeah, 380 00:25:11.599 --> 00:25:15.480 No, I think this is going to be the conference. This is gonna 381 00:25:15.480 --> 00:25:18.759 be the one you're gonna hockey stick towards in the last month leading up to 382 00:25:18.759 --> 00:25:22.440 it. Yeah. The thing about it is if you're really into mick coin. 383 00:25:22.880 --> 00:25:26.160 You're around people who are into what you're into. I mean, you 384 00:25:26.200 --> 00:25:29.319 know, you don't have you know, these sections that are in the one 385 00:25:29.359 --> 00:25:32.680 thing or sections in the other thing, and you know, maybe there And 386 00:25:32.720 --> 00:25:37.160 it's not a gigantic conference of two thousand people where it's just such a nightmare 387 00:25:37.200 --> 00:25:40.559 to go to. You know, it's a nice size conference. Everybody is 388 00:25:41.400 --> 00:25:44.440 sounds corny to say, top notch, but they really are. They're good 389 00:25:44.480 --> 00:25:47.400 people that are there. Everybody's into the same thing at a high level. 390 00:25:47.640 --> 00:25:51.319 And we have a great group of speakers that like coming to our event. 391 00:25:51.599 --> 00:25:52.759 You know so, But I don't want to get on my event. That 392 00:25:52.839 --> 00:25:56.359 wasn't the goal there. I just wanted to do a little mention there. 393 00:25:56.839 --> 00:25:59.680 So tell me what else we want to talk about with Start nine, because 394 00:25:59.680 --> 00:26:00.960 this is your chance to tell me stuff about it. I want to make 395 00:26:02.000 --> 00:26:04.319 sure I get out everything about the embassy Start nine. I mean, I 396 00:26:04.319 --> 00:26:07.799 want to tell people what they need to know. I think it's a great 397 00:26:07.839 --> 00:26:11.599 idea to make a personal server instead of just a node that runs a Bitcoin 398 00:26:11.720 --> 00:26:18.160 node. There is still a lack of understanding as to the magnitude of the 399 00:26:18.160 --> 00:26:22.720 technological transformation taking place on Earth right now, that was started by bitcoin. 400 00:26:22.960 --> 00:26:26.440 Right. Even bitcoiners do not fully understand the depth of the change here. 401 00:26:26.440 --> 00:26:32.519 And I use that lightly because some do, but nobody, Nobody fully grasps 402 00:26:32.559 --> 00:26:37.079 the magnitude of the tectonic shift that's taking place here. We believe that what 403 00:26:37.119 --> 00:26:41.200 we are doing is a natural extension of the movement started and that continues to 404 00:26:41.200 --> 00:26:45.119 be led by Bitcoin and will always be by the way Bitcoin is the beating 405 00:26:45.200 --> 00:26:49.480 heart, is the battlecry of this revolution. But it needs help, right, 406 00:26:49.559 --> 00:26:55.720 even heroes needs support. We're building that infrastructure right. Start nine is 407 00:26:55.799 --> 00:27:00.000 not a node company. We are not a chat company or a computer company. 408 00:27:00.160 --> 00:27:03.720 Right. We are building personal devices, not one per home, one 409 00:27:03.759 --> 00:27:07.200 per person. Everyone has a phone in their own pocket. Families don't share 410 00:27:07.279 --> 00:27:11.599 phones, right. They don't share phones because everyone wants to be on it. 411 00:27:11.640 --> 00:27:15.200 At the same time, everyone wants the sort of privacy that comes along 412 00:27:15.240 --> 00:27:18.039 with having your own chat history. You don't want your parents going through your 413 00:27:18.079 --> 00:27:22.799 stuff, right. So these are a personal device and it is your gateway. 414 00:27:22.200 --> 00:27:27.119 Two and sovereign territory in the Internet, the new Internet, right, 415 00:27:27.480 --> 00:27:33.359 And it's necessary for Bitcoin to survive if we don't have full node operators in 416 00:27:33.400 --> 00:27:40.480 abundance. Bitcoin is vulnerable. The full user and economic modes are critical to 417 00:27:40.519 --> 00:27:45.000 the health of the network. Take messaging, for instance, Bitcoin is vulnerable 418 00:27:45.400 --> 00:27:49.119 if you and I are messaging on I message and I say, hey, 419 00:27:49.160 --> 00:27:52.480 send me some bitcoin, and you go, okay, I'll send you some 420 00:27:52.519 --> 00:27:55.240 bitcoin. Bitcoin can be as private as it wants to be, but if 421 00:27:55.240 --> 00:28:00.640 that message is not private, then we are still subject to the physical dangers 422 00:28:00.960 --> 00:28:07.319 associated with you know, interrogation or right like the whole thing is private or 423 00:28:07.359 --> 00:28:11.839 none of it is private. Any crack or vulnerability in the communications and digital 424 00:28:11.839 --> 00:28:17.839 infrastructure is a vulnerability to not just bitcoin, but to human liberty, right 425 00:28:17.880 --> 00:28:22.880 to freedom, which of which privacy is a necessary prerequisite. So we are 426 00:28:22.960 --> 00:28:29.200 a computer company who with privacy as an uncompromising core principle. You will not 427 00:28:29.359 --> 00:28:33.359 need to trust us for this to work. Currently there's a little bit of 428 00:28:33.359 --> 00:28:34.960 trust. There won't be. Well, let's go five years in the future. 429 00:28:36.279 --> 00:28:38.839 What do we see coming from you guys, and where will you all 430 00:28:38.839 --> 00:28:44.039 be in this space? What do you foresee as start nine's place in five 431 00:28:44.119 --> 00:28:47.519 years? Do you have security cameras in your home? Do you have a 432 00:28:47.559 --> 00:28:51.000 smart doorbell? And a smart thermostat. No, not a smart stormostatt. 433 00:28:51.000 --> 00:28:52.920 But I do I have a camera at the door, but not a smart 434 00:28:52.960 --> 00:28:56.920 doorbell. How about like an Alexa or a Google Home Speak. Yes, 435 00:28:57.079 --> 00:29:02.240 definitely is Alexa listening? And Gary, yeah, well not now not in 436 00:29:02.279 --> 00:29:03.920 my office here, but sure as shit is at home because it comes on 437 00:29:04.160 --> 00:29:07.559 sometimes it says I didn't understand what you said. No one was talking to 438 00:29:07.680 --> 00:29:11.400 you, bitch, right, And the cameras is nest watching. Right. 439 00:29:11.680 --> 00:29:17.519 So here's here's the danger that we're getting ourselves into right now as a world, 440 00:29:17.880 --> 00:29:22.039 as the Internet of Things comes into play, as hardware devices become more 441 00:29:22.079 --> 00:29:26.759 prominent in our lives, the data that is right, the censors on those 442 00:29:26.799 --> 00:29:30.640 things, and the data that is collected are dangerous, potentially dangerous. Right. 443 00:29:30.680 --> 00:29:34.559 I know a lot of people who don't have cameras in their owns or 444 00:29:34.599 --> 00:29:40.960 own an Alexa simply because it feels like an invasion of privacy. The idea 445 00:29:41.000 --> 00:29:44.359 that there's a hardware device in my home that has a direct connection to Google 446 00:29:44.359 --> 00:29:48.240 servers and is listening to everything that I say is quite frankly unacceptable, right, 447 00:29:48.319 --> 00:29:53.200 It's scary, and most people don't recognize the repercussions of that, because 448 00:29:53.200 --> 00:29:57.319 it hasn't been leveraged against us in a severe manner yet. Right, But 449 00:29:57.400 --> 00:30:03.440 go ask some people you know in less fortunate regimes than America, if you 450 00:30:03.480 --> 00:30:07.559 know, if they're afraid of their corporations or governments spying on them in their 451 00:30:07.559 --> 00:30:11.799 homes, and it's much more of a concern. And who knows what America 452 00:30:11.839 --> 00:30:14.599 is going to look like in the next few decades. Right, We don't 453 00:30:14.640 --> 00:30:18.519 want to take that risk. We want to build technology and infrastructure that protects 454 00:30:18.519 --> 00:30:22.920 the individual, regardless of the political future. And so that's the direction that 455 00:30:22.960 --> 00:30:25.279 we are going in. Right. There will come a day in the next 456 00:30:25.279 --> 00:30:27.920 five years where you will be able to buy a camera, either a open 457 00:30:27.960 --> 00:30:33.200 source hardware camera off the shelf or directly from start nine. You'll be able 458 00:30:33.200 --> 00:30:34.839 to put it up on your ceiling. You'll be able to walk up to 459 00:30:34.920 --> 00:30:40.400 that camera with the same phone that you use to register your embassy and tap 460 00:30:40.480 --> 00:30:44.119 it to the camera. That's the setup process. You will walk up to 461 00:30:44.160 --> 00:30:47.079 the camera, you will tap your phone to it. The phone will give 462 00:30:47.079 --> 00:30:51.759 a little vibration, and the camera will wake up, recognize you as its 463 00:30:51.799 --> 00:30:56.759 master, and immediately find all of its brothers and sisters on the distributed Internet 464 00:30:56.839 --> 00:31:00.759 using their tour addresses, because that information was passed using the public keys from 465 00:31:00.799 --> 00:31:06.319 which we derive the public addresses. Okay, so I tap my camera with 466 00:31:06.359 --> 00:31:10.480 my phone and suddenly the camera knows that it has a sibling in the other 467 00:31:10.559 --> 00:31:14.039 room which is monitoring that room, that it has a doorbell outside, that 468 00:31:14.079 --> 00:31:17.440 it has a little drone flying around the house, that the embassy is the 469 00:31:17.519 --> 00:31:19.559 sort of brain of the whole operation, which is storing the majority of the 470 00:31:19.680 --> 00:31:23.279 data. However, it's also sharing that data with other embassies around the world 471 00:31:23.279 --> 00:31:29.720 and encrypted charts right using Lightning network for micropayments. Okay, we envision the 472 00:31:29.839 --> 00:31:37.400 future where human beings individuals have entire fleets of IoT devices, drones and otherwise 473 00:31:37.680 --> 00:31:41.519 serving them on a very personal level, with no third parties or trust involved 474 00:31:41.559 --> 00:31:45.400 whatsoever. If I buy a little vacuum cleaner, that little vacuum cleaner should 475 00:31:45.400 --> 00:31:49.359 not be uploading data to Google. It should be uploading data to my embassy 476 00:31:49.440 --> 00:31:53.519 in my living room, which then stores backups on my mom's embassy, totally 477 00:31:53.640 --> 00:31:57.119 encrypted and broken up by the way, all serving my needs. Well, 478 00:31:57.200 --> 00:32:02.240 that sounds pretty interesting. So no longer will anyone have your information, the 479 00:32:02.319 --> 00:32:05.960 size of your house, inside, where your furniture is, what you're saying, 480 00:32:06.039 --> 00:32:08.039 what you're doing, where you've been. It'll be just on your personal 481 00:32:08.920 --> 00:32:13.200 server. And guess what, you don't need a blockchain for it. Yeah, 482 00:32:13.359 --> 00:32:15.400 yeah, you don't need a blockchain for a lot of things. Personal 483 00:32:15.599 --> 00:32:21.839 army, robot armies of the future will not need a blockchain. All they 484 00:32:21.839 --> 00:32:24.720 will need is bitcoin and the Lightning network for micro pants. Very good, 485 00:32:24.920 --> 00:32:28.839 the short and the long of it. Right, the short term, we're 486 00:32:28.880 --> 00:32:30.519 a plug and play Bitcoin full node. Push a button, you're running a 487 00:32:30.559 --> 00:32:35.039 full bitcoin node, pruned and overtour. Push another button. You're running a 488 00:32:35.039 --> 00:32:37.880 private messaging protocol without any third parties. That's the short term, right. 489 00:32:37.920 --> 00:32:42.039 The long term, tap your phone to a security camera and get your home 490 00:32:42.039 --> 00:32:45.400 monitored without trusting a single person on Earth. And this is at start nine 491 00:32:45.440 --> 00:32:47.240 labs dot com. Yeah, yea. So take a look at it, 492 00:32:47.400 --> 00:32:53.319 and it was pretty impressively display at tones confiscatable. It was pretty impressed with 493 00:32:53.359 --> 00:32:55.240 it. And like I said, I picked one up and set it up. 494 00:32:55.279 --> 00:32:58.000 Took me a while to get around to setting it up, and I 495 00:32:58.039 --> 00:33:00.200 did, but it takes me a while to do any damn thing. It 496 00:33:00.240 --> 00:33:01.279 seems like I can find the time. Also, like I said, you 497 00:33:01.279 --> 00:33:05.480 can find them at bit block. When where can be people follow you at 498 00:33:05.599 --> 00:33:08.079 or follow Starting nine Labs and they want to keep up with what you guys 499 00:33:08.079 --> 00:33:12.319 are doing. Twitter. Twitter is the main access point. We also have 500 00:33:12.359 --> 00:33:15.000 a mailing list which you can subscribe to the main website. But yeah, 501 00:33:15.000 --> 00:33:20.480 I mean Twitter at Start nine Labs is where you're going to get the conversations 502 00:33:20.519 --> 00:33:22.160 and the announcements. It's a very new Twitter handle. We don't have a 503 00:33:22.200 --> 00:33:25.720 lot of followers. Like I said, we have not been a marketing first 504 00:33:25.759 --> 00:33:29.839 company, but it's coming time. We're starting to get out there. I 505 00:33:29.880 --> 00:33:32.640 appreciate what you said in the pre talk we were having. If you ought 506 00:33:32.640 --> 00:33:37.119 to sold five thousand of these earlier near you'd had four thousand, nine hundred 507 00:33:37.119 --> 00:33:38.920 and fifty people who wouldn't like what they had, Yeah, because you weren't 508 00:33:38.920 --> 00:33:42.759 ready for those kind of numbers. No, No, we want to deliver. 509 00:33:43.160 --> 00:33:45.160 Our customers are happy. We want to keep them that way, right. 510 00:33:45.200 --> 00:33:49.200 I mean, this is where in the hardware business that's not easy. 511 00:33:49.400 --> 00:33:52.400 Hardware is hard, which is why we want to be boring on the hardware 512 00:33:52.440 --> 00:33:54.839 front at least for now, and ship software. We're a software company. 513 00:33:54.880 --> 00:33:59.279 But this isn't your first rodeo either though, so I mean as far as 514 00:33:59.279 --> 00:34:02.200 creating a company from scratch. So that helps you too, just that you 515 00:34:02.240 --> 00:34:06.640 have that experience. I'm going through this before. Yeah, we're being prudent, 516 00:34:06.880 --> 00:34:10.320 measured steps, slow growth, and you know what we will if it 517 00:34:10.320 --> 00:34:14.679 starts to curb on us, we'll handle it. Okay. Well, Matt, 518 00:34:14.719 --> 00:34:16.199 thanks for coming on the show. I look forward to seeing you again 519 00:34:16.320 --> 00:34:22.280 at bit block Boom follow Matt follow Start nine Labs. Check out the start 520 00:34:22.360 --> 00:34:24.280 nine labs dot com. Thanks Matt, I appreciate it. Can't wait for 521 00:34:24.280 --> 00:34:28.639 the conference, scary. I hope you've enjoyed today's show, and I want 522 00:34:28.639 --> 00:34:30.440 to give a big thank you to all my cousins out there for listening and 523 00:34:30.519 --> 00:34:35.639 subscribe. If you haven't subscribed yet, just go to Crypto Cousins dot com 524 00:34:35.679 --> 00:34:38.079 and you'll see the links for all the places you can subscribe. You want 525 00:34:38.079 --> 00:34:42.360 to take a second, leave a great review or four star rating even while 526 00:34:42.360 --> 00:34:45.119 you're at it. I also recommend you go to Crypto podcast dot com and 527 00:34:45.159 --> 00:34:51.000 see all my other podcasts and websites. For the world of bitcoin. There's 528 00:34:51.000 --> 00:34:54.519 a lot of the look at. Thanks for listening to the Crypto Cousins podcast. 529 00:34:54.760 --> 00:34:58.920 Please share the show with your friends. They can subscribe by going to 530 00:34:59.039 --> 00:35:04.280 Cryptocusins slash subscribe, And if you want to know more about Gary, just 531 00:35:04.360 --> 00:35:07.440 go to Gary Leland dot com. Make sure and join Gary in all the 532 00:35:07.519 --> 00:35:15.000 Cryptocusins every week for a new episode of the Crypto Cousins podcast. The Crypto 533 00:35:15.079 --> 00:35:20.679 Cousins podcast and the information included in the podcast are not intended as investment advice. 534 00:35:21.000 --> 00:35:24.199 Investing in any cryptocurrency is risky and you should never invest more than you 535 00:35:24.199 --> 00:35:30.199 can afford to lose. Always seek professional advice before investing in any cryptocurrency. 536 00:35:30.519 --> 00:35:36.079 Please understand you are using any and all information from the Cryptocusins at your own risk.