August 10, 2023 • 34 mins
In this episode, Vance and Zoe sit down with Taylor Hiott, a serial entrepreneur and the founder of Kingdom Empowered. He also is a millennial crypto donor (yes, they are real) and we discussing his thoughts on the crypto market, why he donates crypto vs. cash, handling dips in the crypto market and more! If you're interested in the future of giving, and staying on top of finance trends your church can prepare for now, then you will love this episode!
To follow Taylor's newest business, search @KingdomEmpowered on all social platforms, and check out the Kingdom Empowered website HERE.
This podcast is presented by Overflow, the most powerful giving platform on the planet. Giving cash, stock, or crypto to your church or non-profit has never been easier. Visit overflow.co to experience and step into future of giving.
If you want to receive even more insights on church innovation, culture, and giving, now you can sign up for free to be an Overflow Insider, where you'll receive exclusive content, discounts, direct access to Vance Roush to get your questions answered, and also invite-only access to our monthly Fundraising Leadership Forums! Head to overflow.co/insider now!
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Transcript
Episode Transcript
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Unknown (00:00):
One of my buddies in college back in 2010 told me
(00:03):
about Bitcoin. I had 600 Bitcoinback then. And I sold them all
when they hit 20 bucks apieceand I thought I was rich. I
thought I had all the money inthe world, I just see so much
potential in it. I think it's alot easier to look at or to
invest in or to read and maybesome more traditional investment
places.
(00:24):
A pastor turn tech leader and amillennial churchgoer, exploring
the intersection of technology,culture and faith, equipping you
with innovative strategies tosupport you as you live out your
calling leader churches withconfidence to step into the
future together. This is thegive it up podcast. What is up
guys, and welcome back to thegive it up podcast today. I'm
(00:46):
actually really excited aboutthis episode, because it's a
very unique perspective that webelieve the church needs to hear
more of because Vance and I allthe time at overflow, get the
question from people will do.
Are there actually people outthere that want to donate crypto
and want to donate any non cashassets at all? And today, we
have a resounding yes for youbecause we have brought into the
(01:08):
podcast, an exclusive interviewwith a crypto donor, both of our
friends this is Taylor height.
No. Is it now an exclusiveinterview interview? I feel I
feel good about that.
It's a it's a crypto investorsighting. Right, right,
right. I'm here. They do existout in the real world. Yes.
(01:29):
And we're pumped to talk to youtoday, Taylor, because you're
going to I feel like revitalizea lot of people's spirits when
it comes to giving. And we heara lot of church leaders saying
recently, man, like givings beendown like market downturn. It's
just been really deflating. Butthen we have you who has a
(01:50):
completely differentperspective, which I really want
to dig into. And so I thinkbefore we get into you given
crypto and that being part ofyour generosity angle, I want to
talk about how you got intocrypto to begin with, why would
(02:10):
someone want to invest in avolatile crypto market?
Yeah, funny story. One of mybuddies in college, back in
2010, told me about Bitcoin. Ihad 600 Bitcoin back then. And I
sold them all when they hit 20bucks apiece, and I thought I
was rich. I thought I had allthe money in the world. It was
(02:31):
like, you know, it's $18,000 orsomething which are $12,000 Is
it as a college student, Ireally was rich, like I was
loaded, we went out we had greattime. But crypto has been this
thing for me that now I'veobviously gotten back into it
took a break for a couple years.
And I just see so much potentialin it. And I think it's a lot
(02:52):
easier to look at or to investin or to read and maybe some
more traditional investmentplaces. I don't consider myself
much of like a stock market kindof person, right? If I want to
invest in the stock market, thenI'm probably going to put it in
like a mutual fund ETF, I'mgoing to call a broker and have
them do it for me. But crypto issomething that I can do. I can
(03:15):
get in I can get out of I can doall these kinds of things. So I
really enjoy and I see a lot ofpotential for the future use of
it as well, which is one of thebig reasons why I am in crypto.
Sothat's so interesting. Taylor,
you said you connected with itmore than the stock market? Can
you pull on that thread? Alittle bit more? What does that
mean? Yeah, sothe thing is, is that okay, so
(03:38):
if you look at the stock market,you look at at any company, you
look at any shares, right, solet's look at somebody like
Tesla, right? Tesla's shares cango up and down based on what
Elon Musk's tweets, or how manycars they deliver, or how many
cars they make, or how many presales they have for the cyber
truck, or whatever it is. Andit's like, I have no idea how to
(04:00):
track that down. I know you canI know there are people who are
experts at that, right. Withcrypto, what really drove me
into it at the beginning is thatit's dependent on the people is
dependent on the market, right?
If a theorem goes up or down,it's because somebody's decided
to develop something new withit. Somebody's come up with a
(04:22):
super cool new use case for it,or people see a future for it.
And it's based on people'sperception. And I actually think
it's a lot easier to readpeople's perceptions of
something than it is how manycars somebody is going to make
or how many laptops Apple isgoing to ship out.
Wow. So stock market crypto. Onsome level, you're saying
(04:44):
they're both based onperception. But you can read the
crypto side of it more than eventhe stock side. Yeah,
I think so. And I think that'sbecause like to be completely
fair, like I'm I'm a targetmarket fit for crypto, right?
I'm a young guy in America to befrank and I have some disposable
(05:08):
income. And so it makes sensefor me to be looking at it me to
be reading it me to be, youknow, reading into it. You know,
in the crypto world, we get intodiscord and stuff like that and
were chatting with other peoplewho were who are doing this. And
the thing is, is I'm in discordchannels with other people who,
I mean, they have so much moremoney than me, it's not even
silly, and they've been doing itfor longer than I have. And to
(05:30):
try to talk to somebody on wallstreet who's been there for 20
years. I mean, that'simpossible. Right. And so it's
this collaborative thing. Ithink it's this community based
thing. I think that people ingeneral push it which way it's
gonna go for the time being justbecause there aren't a ton of
you know, regulation,regulations and that kind of
thing around it, but I enjoy itmore. I think it's more
(05:52):
applicable to me.
Wow, that is so fascinating.
You know, tailor the church fromour personal experience. I would
say the church more so than therest of society is very scared
of crypto so much so that it'scontroversial in some spaces.
Can Can you speak to that andkind of talk about
(06:15):
misconceptions and somethingthat you wish the church
genuinely knew about crypto?
Sure, people don't like anythingthey don't understand. Right?
And and that's the main pointwith crypto and that's why if
you watch the news, you'll seeall this you know, basically
just talking about about cryptoand all this kind of stuff. And
if you when you go into thechurch or you go into really
(06:38):
anywhere people just don'tunderstand it why? Why would we
go online and use Bitcoin? Whateven is Bitcoin? Is it a
physical coin? Do I keep it inmy wallet? Like people just
don't understand it. But I wouldrelate this I mean, in people
may call me crazy for this. Butyou know, back when there were
horse and buggies, everybodysaid, Well, why do we need cars?
(07:01):
We already have horses andbuggies. We don't need this
right? When? When the internetcame out, when Amazon came out,
right? People were like, well,we have Barnes and Nobles. We
have borders, like why do weneed to buy books online? It
doesn't make any sense, right?
And I think it's just people arescared of what they don't
understand. And I would love forsome people to just do a little
(07:22):
bit more research. And you don'thave to get as crazy deep into
it. But for me, I mean,honestly, also, when you talk
about giving, you know, you talkabout giving to the church and
stuff. There are also taxbenefits. There's so many
different things that come intoplay that I think if people just
knew and people understand thenit I think it makes a lot more
sense to me personally.
(07:44):
One thing that you said Taylor,that was interesting is you like
crypto because you can go in andout really quickly. Right. And
so to your point about, youknow, who said we needed cars
when we had, you know, horsesand buggies and hindsight, what
cars has done is it's revelaterevolutionize transportation.
How do you see cryptorevolutionising money? Finances,
(08:09):
financial technology?
I mean, how far down the Sci Firoute? Do you want me to go
here? Let'sgo. Right, give it up for the
Sci Fi route.
I mean, when you start talkingabout like how far it could go,
I mean, everybody you say theword NF T's right? And everybody
just immediately thinks of like,dumb cartoon drawings of dogs or
(08:31):
monkeys or whatever it is,right. And granted, that's where
you know, there was somepopularity a year or two ago,
but NF T's these non fungibletokens. I mean, one day they
could be used for deeds ofhouses, they could be used for
deeds of cars, they anything ofvalue could be assigned in an NF
T. And if I want to sell Vancemy house, he buys the NFT for
me, and now Hey, guess what theHouse has Vance's right? I think
(08:54):
that there's so much possibilitywith the thing that really
Bitcoin and crypto really,really established, right? Was
this idea that the blockchain,okay, I'm not going to try to
explain what the blockchain is.
But it's essentially a ledger.
Okay. It's a receipt book.
That's really all it is. Andwhat it really established was
(09:15):
the fact that it can't bebroken. It can't be hacked, it
can't be changed. It's there.
And it's adopted and kept trackof by hundreds of 1000s or
millions of people, right. Andso it's always being checked on
to make sure that it's right.
And so when you start looking atthat, I think that there's also
I mean, you hear all about allthese crazy things of
(09:36):
corruption. And, you know,there's so many different ways
that you could go with this, youhear and you hear about banks
failing. You hear about SiliconValley Bank, you hear about all
these different kinds of stuff,right? And I'm not talking about
about banks, but at the end ofthe day, if everything was kept
on a public ledger that everybank ever does. A lot of this
stuff wouldn't happen it wouldbe caught before it happens.
(09:57):
Right? And I just think thatit's a, it's an emerging
technology, that we don't evenreally know what the full use
case of it is yet, which is whypeople like me are investing in
it. Because I think that thereare a lot of use cases for it.
And I want to get in early. It'sincredible.
(10:18):
I love that, you know, I want totalk about because you're pretty
innovative tailor just all theway around even I mean, it's
clear just from how you thinkabout investment strategies,
which then leads me to thequestion, have you had the idea
to what if I give crypto and forsome context, from my knowledge
is Taylor goes to my church? Andso Taylor has investments in
(10:41):
crypto and actually approachedour pastor and said, Hey, can we
create a way where I canactually give crypto instead of
cash or credit? To which thepastor said, oh, yeah, if that's
something you want to do, like,let me look into it. So then a
platform for giving the cryptobecame available. And Taylor
(11:03):
gives crypto as instead of cashand credit card. And, you know,
we share this story with churchleaders often, because there's a
couple different things to thinkthrough and pull from the story
is one, these people are outhere. But I'm thinking of the
person who is like Taylor, butone may not have a relationship
(11:25):
with the past or may not have afriendship with them. Right. So
they wouldn't know who to askfor this opportunity. nor two,
would they know that they evenhad the option to give crypto.
So Taylor, I just want to ask,what made you think, to start
giving cryptoI mean, particularly at the
time, right, the first time thatI've given in crypto several
(11:51):
times now. And the first time Igave in crypto was 2021. Which
2021 Was it was when like alltime highs for Bitcoin was hit
all time highs for Aetherium. Orhit to be completely honest with
you, most of my net worth was incrypto, right. And so to get
that out into cash, right, Ihave to, it's easy to go crypto
to crypto, and it's not hard togo crypto to cash, but I have to
(12:15):
send it to like Coinbase orsomething like that. And then I
have to sell it for cash. Andthen I have to withdraw the
cash. And then I have to waitfor the cash to get to my main
account. And then I have to likewrite a check. or something,
particularly if it's over, youknow, any amount, like if it's
over 500, or $1,000, or whateverit is, it gets, it becomes very
(12:35):
difficult to just send thatonline because then your debit
card wants to decline it or youknow, whatever it may be. And I
don't own any checks. Like Ilike how like, and then am I
supposed to like call the bankand be like, Hey, can I get like
your wire transfer information,and then either put that online
(12:58):
or like go to the bank and belike, hey, I need to do a wire
transfer. And it's like, itbecomes difficult their barrier.
Like, I'm a business guy, right?
I own started a bunch ofcompanies, all this kind of
stuff. And one of the big thingswith whatever product I'm
marketing or whatever productI'm selling, or whatever it is,
(13:18):
I want the barriers to entry tobe as low as possible, right as
low as humanly possible forsomebody to get into that and do
whatever I'm trying to get themto do, right. And so at the end
of the day, churches survive ongiving on tithing on donations,
right. And so if there arebarriers to entry for somebody
to give, then you could belosing out. And I don't want to
(13:41):
have to go through all thosesteps to be able to give I want
somebody to send me, you know, a16 or 20 digit wallet address,
right, which is what you do incrypto. And I copy that I put in
the amount I hit send and thenI'm done. And it's easy. That's
all that it takes. And I thinkthat 20 or 30 years from now, I
think that that will be howeveryone works. Right? That's
(14:04):
where the technology is going togo. But right now, we're still
holding on to the way banksworked in the 1970s before the
internet existed, and it makesit weird to send any amount of
money more than 50 bucks.
Yeah, Coinbase just did this adI don't know if you guys saw it,
but it puts you in the tensionof everybody's frustration with
(14:26):
the way that money moves. Right?
It puts you in the tension oflike when you overdraw on your
bank account and then they doanother fee on top of that. It's
like if I don't have money in mybank account, I just don't Why
are you charging me extra? But Idon't have right Why are you
don't have an overdraft fee. Andthen there's like the situation
where somebody's trying to sendsomebody money and it says it's
going to take like three days orfive business days. There's
(14:48):
something like that and it'slike this really good ad that
builds the tension of howridiculous it is still today
around how money moves and Ithought that was so interesting
Taylor that you brought up theinconveniences of the transfer,
but not even the taxdisadvantages of doing
everything that you just said.
(15:08):
Not only is it harder for you todo the transfer, withdrawal,
liquidation, all that type ofstuff, but then you get taxed on
top of it.
Yep. So it's it's crazy. If I gofrom, you know, if you go from
one crypto to another crypto,you're supposed to pay capital
gains tax, right? If you sellthat crypto for cash, you're
supposed to pay capital gainstax. All like there could be I
(15:32):
know somebody who, you know,they had some like, weird crypto
coin that's like not onCoinbase. Right, like shiba inu
or something weird, right. And,like, they don't even have that
on on Coinbase whenever theywere talking to me about it. And
so they they swapped this coinover here for like Aetherium,
(15:54):
right? That's supposed to becapital gains tax right there
from what they originally boughtit from, and then they send the
Aetherium to Coinbase, andcashed it out. And that's
supposed to be another taxableevent, like the change was
minimal. So it doesn't reallymatter. But like, all of these
things start coming into play.
Whereas if I just send cryptothen I get to write it off, and
I don't have to pay anything ittakes away from what I have to
(16:18):
pay. And no, it's it's, it'sabsolutely huge. I mean,
convenience factor all the wayaround. Totally.
And you know, somethinginteresting about when the
church or a 501, C three,liquidates it and maybe turns it
into Fiat to use it for good.
They don't have to pay capitalgains on it at all, because
they're tax exempt as a 501. Cthree, organization. Are you a
(16:39):
unicorn Taylor? Are there morecrypto investors? Are there more
crypto givers? Like you're aunicorn right now?
I personally know several othersa? It? They're definitely I
wouldn't say that they're supercommon. But I think one of the
big things is is that, you know,obviously I'm friends with you
(17:01):
guys. I know what you guys do Italk to people about overflow
all the time. And then I've hadpeople come up and ask me
because the you know, it's gonearound the you know, the friend
circle or whatever that like I'ma crypto guy. And so they're
like, Oh, what is this about?
How does it work? And prettymuch every single person that I
talked to, I'm like, Look,here's what you need to do. I
don't even care if you just goand buy like USD C, which is a
(17:23):
stable coin, the price isn't asvolatile as other other Kryptos.
Right. I'm like, I don't carewhat you do. If you're giving to
a church or ministry or somebodythat you believe in, then like
put it in crypto, let it sitthere and then given crypto
because it's so much easier.
Like it's just so easy. And so Ithink that that's all once
(17:47):
again, I think it's wheretechnology is going. And I think
that I have a lot of opinionsabout the church, and especially
the local church, and how a lotof local churches do things and
different things like that. AndI don't like not talking bad
about any of them. But I alsothink that a lot of times,
particularly when we starttalking about the giving issue,
(18:08):
right? A lot of churches are soconcerned with how they're going
to pay bills or pay salaries, orwhatever it is for the next
23456 months, right, when andnot making any plans for what's
gonna happen for 2345 10 yearsdown the road from now. And I
think the people that are makingthe investments or opening the
doors, for longer term stuff aregoing to be the people who come
(18:28):
out and when and reach peopleand do what they need to do. So
good. Wow.
So Taylor, you're talking abouta stable coin now, which makes
me you know, beg this nextquestion, because you're proving
the point, hey, we're out here.
And even just speaking, thatright there showing that you
think of this as a long termplay? And you actually think
(18:50):
through is is it? am I investinginto a church or organization
the same way? Can I trust thatthey're actually going to make
long term plays the same way Iam with them. So I love that.
And I want to hear about yourmindset during the quote, dips
that happen.
(19:12):
Yeah, I mean, anytime you talkabout investments or anything
else, I mean, Don't risk moremoney than you can lose, right?
Yeah. And you can't always win.
I mean, I had a lot of money ina stable coin that failed a year
and a half ago, or I guess,almost a year ago exactly is
when it failed. And so you can'tbe everything. You can't win
(19:35):
everything. But I think thatthat's the same thing with
that's it like, that's not areason not to use crypto.
Because the same thing happenswith cash. It's happened with
like, three or four or five or10 banks or however many has
been in the past three months,right where the government has
to step in anyway. But I thinkthat when I when I think about
the dips, I'm a weirdo. Okay,that's what I'll say. Because
(20:00):
when you talk about giving, andI think that giving is also a
topic that not enough peopletalk about openly. Yeah. And it
people like shy away from it.
And I think that that's really,really silly because there
should be no shame or guilt inbeing generous. Yeah. And that's
how people should treat it. Andso, you know, when you tithe and
(20:23):
do all that kind of stuff,that's amazing. But I think
that, you know, God calls formore than just a tie the calls
for firstfruits, he calls forofferings, he calls for all
these different things in theBible that it talks about, and
just living generously, as ahuman, right and generously can
look, however, which way youwant it to look, whether it be
time or talent or treasures, itcan be all of those different
(20:45):
things. But particularly withmoney, I'm actually the person
who I want to give more when I'min times of need. And so when
there are big dips, or I, youknow, for the past couple of
months, I've kind of been inbetween businesses, we shut one
business down, I'm starting anew business, and I don't have a
(21:05):
ton of income coming in, right.
And I want to give more, becauseI know what my faith does, and I
know how my faith works. And Iknow what I believe about God.
And I know that he's going tohonor that. And I know that I'm
going to, I want to like thinkabout this, like there's this.
This is okay, right to go thisdeep into like faith. Right?
(21:27):
Okay, it's perfect. So, thinkabout this, okay. We there's
this principle in the Bibleabout sowing and reaping. Okay.
And when farmers so, okay, isthe field full of loose,
luscious, ready, ripe crops forharvest? No, no, it's not, it's
(21:47):
empty, it's barren, it needs tobe plowed, it needs to be
worked, it needs to be weeded sothat those crops can sprout, it
needs to be watered, it needs tobe fertilized, it needs all of
these things, so that it cangrow into crops so that it can
be harvested. And so I look attimes of dips, whether it's the
crypto market going up and down,whether it's the economy going
up and down, whether it's my ownpersonal, I got big bills come
(22:09):
out, or I'm in betweenbusinesses, or in between jobs,
or whatever it is, those are thetimes when it's planting season,
those are the times when thefield is bare, and something
needs to go there. So that itcan be sowed, so that it can be
taken care of it can be tendedto it can be weeded, it can be
watered, it can grow intosomething that when times are
(22:31):
good, I can't harvest. And sothat's what I believe that's how
I think and so I am a weirdo inthat. And not many people think
about that. But then I talkedabout it, and people are like,
Oh, that actually makes a lot ofsense. Right? Um, but yeah,
that's how I would treat dips. Ithink you're a leader. You know,
the way you articulate isweirdo. But I think you're a
(22:54):
leader. And it's it's actuallyso profound this conversation.
And I believe it's gonna bless alot of pastors and senior church
leaders that specifically listento this podcast, because they're
hearing from you, Taylor, who isan incredibly first principle
type thinker, even just the wayyou talk about crypto, right, my
insight, my takeaway, from whyyou invest into crypto is not
(23:16):
because of the hype cycle. It'snot this grift it's not kind of
this scammy thing. But it comesfrom a first principle. Truth
is, Hey, are we all okay withthe way that money's moving
right now? Like? Or do we thinkthat's the future that things
take three business days, fivebusiness days? Do we think it's
(23:37):
the future that this is all partof these legacy systems and that
money and the way it'stransferred and moved, is not
transparent, is not on a publicledger is not safe and secure?
In that regard? I like the wayyou think about dips, right? Is
that, hey, yeah, there are somecrypto companies and maybe even
(23:57):
some currencies that werefraudulent. But there are many
companies that have beenfraudulent in the publicly
traded stock market as well. Andeven the place where people flee
to safety in a big bank, a top20 Bank, those are failing, as
well. And then even just yourfirst principles around giving,
(24:19):
right that, hey, it doesn'tmatter if I'm in abundance, and
actually, especially in need, ifI want to live a life of
generosity. I need to toil thatpractice. I need to toil that
principle. And if I sow ingenerosity, I'm going to reap in
generosity. It's just a law.
(24:40):
It's a law. If we believe in theBible, it's a law that is
written biblically. And so Ijust, you know, I think a lot of
this conversation will helppeople break the myths of what
they think about when they heardiscord channels when they hear
you know, all these intimatemean things. You know, another
(25:01):
way to think about discordchannel is community. It's all
it is. It's it's thedemocratization of being able to
talk about these investableassets in a way that's never
been available before. Like yousaid, you can't just text a Wall
Street person that hasdisproportionate information
about a stock, right? But youcan text the community about a
(25:21):
theory, um, you can text thecommunity about Bitcoin and have
access to it the same way I haveaccess to it the same way a rich
person has access to it the sameway a middle class person has
access to it, etc. Right. Andthat's what you're saying,
essentially? Yeah.
I mean, it's it is. So I mean, Ithink that what's really
interesting is that, you know,as crypto goes, I guess more
(25:44):
mainstream, right, there aregoing to be different things
that come about, there are goingto be more regulations, there
are going to be all thesedifferent things, which totally
makes sense. And it helps peopleto not lose money to not put
themselves in bad or dangerousplaces. Right. But I think that
when we look at what generosityis, and I think that when we
(26:06):
look at being able to give, andI think that, you know, like
what I genuinely don't evenknow, but like, if when I say if
I'm using overflow, and I'msending crypto to church, right?
Yeah. What's the turnaround timefor them to get the cash?
seconds? seconds? Okay? Whereasif I try to take my crypto, put
(26:30):
in a coin base, and then get itto cash, and then send it and
then like, it's like, it ends upbeing like, a two week process,
like a 10 day process is right.
And, you know, I don't thinkthere are many situations where
a church necessarily needs, youknow, a bunch of money within
seconds. But what it does do is,is, you know, I'm on I have
(26:52):
served at our church, I've beenan associate pastor, I've done
all these different things. I'veheard people say, oh, yeah,
we're gonna give this and thenthey're like, waiting for a
bonus to clear, right? And thenthey gotta wait to check. And
then we got to see if the checkis gonna go through or bounce or
whatever it is, right? And it'snot that we're, you know,
doubting people. It's just theway the financial system works,
(27:14):
right? Of where when we talkabout something being able to be
sent in seconds, what that does,is it it gives you have a sense
of security, right? It gives youa sense of understanding that,
oh, no, we actually have thismoney, we can use it for what we
needed to use it for, we canmake plans on how we're going to
invest in a new building, or anew camera to live stream or a
(27:35):
new, you know, whatever thatchurch or organization might
need. In that moment, it givesthis this sense of peace. And I
think that that is is such animportant thing for churches to
look at, of how many times ifsomebody said, oh, yeah, we're
gonna give it to you just gottawait for this to clear and then
we will write your check, andthen it'll come in. Why? Why?
(27:56):
Why? If you're gonna give, whydon't you just give it now?
Like, I don't know, that's my,my own perspective.
I love that. I mean, you'reobviously speaking our language
here. And, you know, Taylor, Ialso just want to for anyone
listening, I just kind of wantto share that Taylor's heart is
(28:17):
so for empowering the kingdom.
Yeah. And pushing ministriesforward. And he really believes
that God has called him tocreate businesses that do that.
And so because you have thisunique perspective, because you
aren't like God's called me toministry, and that's my only
lane I must stay in, right youconsider creating businesses,
your ministry. So I would loveto hear if you have a final word
(28:39):
of encouragement that you wouldlove to impart to everyone
listening to this. Ithink that everybody has a
ministry. And I think that forevery single person, that
ministry begins with generosity,I don't care who you are, I
don't care what you do, I don'tcare what you've been called to
do. I don't care what God hastold you to. I mean, I do care
what God has told you to do. Butlike, I It doesn't matter. It
starts with generosity. And Ithink that that can look like a
(29:04):
lot of different ways. I thinkthat it can manifest in a lot of
different ways, depending on whoyou are, and where your talents
and skills and abilities lie.
But God does want to use you.
And, you know, I talked aboutbeing an associate pastor and I
spent a year praying and talkingto people and reading the word
about whether I should stopworking in the corporate world
(29:26):
and go into go to Bible schooland go into ministry full time,
right? And what came out as aresult of that year of praying
and talking and doing all thesethings was I felt like the call
on my life was not to go intoministry and speak on a stage or
do whatever it is. I felt likemy calling was to be able to
(29:47):
fund the kingdom right, and beable to empower and help
ministries, churches that Ibelieve in people with good
causes and the man on the streetthat needs something to eat. For
lunch, right? So it was it goesfrom everywhere, all the way up
at the top all the way down to,to somebody on the street. And I
think that if you you have thisfilter that you look at the
(30:10):
world with of regardless of yoursituation, regardless of where
you're at, if you look at itthrough this filter generation,
generosity, and how can I give?
How can I serve? How can I dothings for other people, rather
than what can I get? What can Itake? What can I have? Then God
can really, really, really useyou for incredible things. And I
(30:35):
wish that more pastors would saythat from sages in front of
people, Mike, more people wouldgive that message that, you
know, it's not about it's notabout what we can take. It's
about what we can give, becausewe've already been given
everything.
And even just sharing thatmessage of generosity. I think a
lot of pastors may hesitatesometimes. And I've talked to a
(30:56):
few where they're hesitant,because they feel like it comes
off as wanting to take frompeople. But it's never what you
know, we want to take frompeople but it's what we want for
people. And Taylor, you're anexample of somebody who is in a
local church that is serving hislocal church that believes in
(31:17):
this, it's been transformativein your life, and you're so
convicted, that it'd betransformative for a whole
generation for our circle offriends for our extended friend
network, and so much so you'rehere on a podcast, really
talking about it, and a letterfor every pastor, I believe
there should be 100 Kingdombuilders. For every pastor, I
(31:37):
believe there should be 100tailors that have a mindset like
you because while pastors getthe download of the vision for
their local community, and maybeeven their global vision, it's
the kingdom builders that weknow, determine the pace of that
vision that can acceleratethings to incredible levels. So
(31:59):
we so appreciate you, man. Hey,where can people find you
connect with you? We want to beable to serve you as well.
Obviously, this community, Ithink can be really catalytic,
to the type of things thatyou're doing as well. Kingdom
empowerment. Want to talk aboutthat a little bit.
Yeah, Kingdom empowered, anysocial media anywhere. Really,
(32:20):
our end goal is to just be one,you know, long term big goal is
to be one of the biggestChristian media and content
companies in the world, usingthe the internet and using
technology, the way that itactually can be used. Because we
have experience in that buildingbusinesses and different stuff.
So we're helping people withmarketing. We're helping people
(32:41):
with messaging, all that kind ofstuff. And yeah, come check us
out. Send us a DM I'm the one onthe Instagram. So if you go look
up Kingdom empowered and yousend a DM like it's going to be
me responding. So I'm all forit.
Awesome. Well, we'll put thelinks in the show notes and
Taylor, it's been such aprivilege and a pleasure, my man
(33:02):
is good to see you. Thank you somuch for having this
conversation, this candidconversation around crypto,
generosity, and ourresponsibility as Kingdom
builders, for the local churchand beyond. Appreciate you.
Thank you, Vance. Man, you'reyou're the one who built the
company that actually letspeople do this. So thank you to
you as well, because you'reyou're out here changing the
(33:23):
world overflow is and I thinkthat I know you guys are blowing
up and I know so many people areusing you so many churches are
but it's only a matter of timebefore everybody is and I'm just
I'm excited to watch you guys goon that journey man. Love that.
Thanksso much for listening to the
give it up podcast if you wantto receive even more insights on
church innovation, culture andgiving. Now you can sign up for
(33:44):
free to be an overflow insider,where you'll receive exclusive
content discounts direct accessto Vance Roush to get your
questions answered. And alsoinvite only access to our
monthly fundraising leadershipforums, head to overflow.co
backslash insider, or just clickthe link in our bio to sign up
for free today. In order to getthis podcast in the ears of even
(34:08):
more church leaders. Could youplease subscribe and leave a
review for the show. This tellsthe podcast players what people
are enjoying and want to hearmore of and we are adamant about
providing maximum value to evenmore church leaders. Thanks so
much. We'll see you next time.
One of my buddies in college back in 2010 told me
(00:03):
about Bitcoin. I had 600 Bitcoinback then. And I sold them all
when they hit 20 bucks apieceand I thought I was rich. I
thought I had all the money inthe world, I just see so much
potential in it. I think it's alot easier to look at or to
invest in or to read and maybesome more traditional investment
places.
(00:24):
A pastor turn tech leader and amillennial churchgoer, exploring
the intersection of technology,culture and faith, equipping you
with innovative strategies tosupport you as you live out your
calling leader churches withconfidence to step into the
future together. This is thegive it up podcast. What is up
guys, and welcome back to thegive it up podcast today. I'm
(00:46):
actually really excited aboutthis episode, because it's a
very unique perspective that webelieve the church needs to hear
more of because Vance and I allthe time at overflow, get the
question from people will do.
Are there actually people outthere that want to donate crypto
and want to donate any non cashassets at all? And today, we
have a resounding yes for youbecause we have brought into the
(01:08):
podcast, an exclusive interviewwith a crypto donor, both of our
friends this is Taylor height.
No. Is it now an exclusiveinterview interview? I feel I
feel good about that.
It's a it's a crypto investorsighting. Right, right,
right. I'm here. They do existout in the real world. Yes.
(01:29):
And we're pumped to talk to youtoday, Taylor, because you're
going to I feel like revitalizea lot of people's spirits when
it comes to giving. And we heara lot of church leaders saying
recently, man, like givings beendown like market downturn. It's
just been really deflating. Butthen we have you who has a
(01:50):
completely differentperspective, which I really want
to dig into. And so I thinkbefore we get into you given
crypto and that being part ofyour generosity angle, I want to
talk about how you got intocrypto to begin with, why would
(02:10):
someone want to invest in avolatile crypto market?
Yeah, funny story. One of mybuddies in college, back in
2010, told me about Bitcoin. Ihad 600 Bitcoin back then. And I
sold them all when they hit 20bucks apiece, and I thought I
was rich. I thought I had allthe money in the world. It was
(02:31):
like, you know, it's $18,000 orsomething which are $12,000 Is
it as a college student, Ireally was rich, like I was
loaded, we went out we had greattime. But crypto has been this
thing for me that now I'veobviously gotten back into it
took a break for a couple years.
And I just see so much potentialin it. And I think it's a lot
(02:52):
easier to look at or to investin or to read and maybe some
more traditional investmentplaces. I don't consider myself
much of like a stock market kindof person, right? If I want to
invest in the stock market, thenI'm probably going to put it in
like a mutual fund ETF, I'mgoing to call a broker and have
them do it for me. But crypto issomething that I can do. I can
(03:15):
get in I can get out of I can doall these kinds of things. So I
really enjoy and I see a lot ofpotential for the future use of
it as well, which is one of thebig reasons why I am in crypto.
Sothat's so interesting. Taylor,
you said you connected with itmore than the stock market? Can
you pull on that thread? Alittle bit more? What does that
mean? Yeah, sothe thing is, is that okay, so
(03:38):
if you look at the stock market,you look at at any company, you
look at any shares, right, solet's look at somebody like
Tesla, right? Tesla's shares cango up and down based on what
Elon Musk's tweets, or how manycars they deliver, or how many
cars they make, or how many presales they have for the cyber
truck, or whatever it is. Andit's like, I have no idea how to
(04:00):
track that down. I know you canI know there are people who are
experts at that, right. Withcrypto, what really drove me
into it at the beginning is thatit's dependent on the people is
dependent on the market, right?
If a theorem goes up or down,it's because somebody's decided
to develop something new withit. Somebody's come up with a
(04:22):
super cool new use case for it,or people see a future for it.
And it's based on people'sperception. And I actually think
it's a lot easier to readpeople's perceptions of
something than it is how manycars somebody is going to make
or how many laptops Apple isgoing to ship out.
Wow. So stock market crypto. Onsome level, you're saying
(04:44):
they're both based onperception. But you can read the
crypto side of it more than eventhe stock side. Yeah,
I think so. And I think that'sbecause like to be completely
fair, like I'm I'm a targetmarket fit for crypto, right?
I'm a young guy in America to befrank and I have some disposable
(05:08):
income. And so it makes sensefor me to be looking at it me to
be reading it me to be, youknow, reading into it. You know,
in the crypto world, we get intodiscord and stuff like that and
were chatting with other peoplewho were who are doing this. And
the thing is, is I'm in discordchannels with other people who,
I mean, they have so much moremoney than me, it's not even
silly, and they've been doing itfor longer than I have. And to
(05:30):
try to talk to somebody on wallstreet who's been there for 20
years. I mean, that'simpossible. Right. And so it's
this collaborative thing. Ithink it's this community based
thing. I think that people ingeneral push it which way it's
gonna go for the time being justbecause there aren't a ton of
you know, regulation,regulations and that kind of
thing around it, but I enjoy itmore. I think it's more
(05:52):
applicable to me.
Wow, that is so fascinating.
You know, tailor the church fromour personal experience. I would
say the church more so than therest of society is very scared
of crypto so much so that it'scontroversial in some spaces.
Can Can you speak to that andkind of talk about
(06:15):
misconceptions and somethingthat you wish the church
genuinely knew about crypto?
Sure, people don't like anythingthey don't understand. Right?
And and that's the main pointwith crypto and that's why if
you watch the news, you'll seeall this you know, basically
just talking about about cryptoand all this kind of stuff. And
if you when you go into thechurch or you go into really
(06:38):
anywhere people just don'tunderstand it why? Why would we
go online and use Bitcoin? Whateven is Bitcoin? Is it a
physical coin? Do I keep it inmy wallet? Like people just
don't understand it. But I wouldrelate this I mean, in people
may call me crazy for this. Butyou know, back when there were
horse and buggies, everybodysaid, Well, why do we need cars?
(07:01):
We already have horses andbuggies. We don't need this
right? When? When the internetcame out, when Amazon came out,
right? People were like, well,we have Barnes and Nobles. We
have borders, like why do weneed to buy books online? It
doesn't make any sense, right?
And I think it's just people arescared of what they don't
understand. And I would love forsome people to just do a little
(07:22):
bit more research. And you don'thave to get as crazy deep into
it. But for me, I mean,honestly, also, when you talk
about giving, you know, you talkabout giving to the church and
stuff. There are also taxbenefits. There's so many
different things that come intoplay that I think if people just
knew and people understand thenit I think it makes a lot more
sense to me personally.
(07:44):
One thing that you said Taylor,that was interesting is you like
crypto because you can go in andout really quickly. Right. And
so to your point about, youknow, who said we needed cars
when we had, you know, horsesand buggies and hindsight, what
cars has done is it's revelaterevolutionize transportation.
How do you see cryptorevolutionising money? Finances,
(08:09):
financial technology?
I mean, how far down the Sci Firoute? Do you want me to go
here? Let'sgo. Right, give it up for the
Sci Fi route.
I mean, when you start talkingabout like how far it could go,
I mean, everybody you say theword NF T's right? And everybody
just immediately thinks of like,dumb cartoon drawings of dogs or
(08:31):
monkeys or whatever it is,right. And granted, that's where
you know, there was somepopularity a year or two ago,
but NF T's these non fungibletokens. I mean, one day they
could be used for deeds ofhouses, they could be used for
deeds of cars, they anything ofvalue could be assigned in an NF
T. And if I want to sell Vancemy house, he buys the NFT for
me, and now Hey, guess what theHouse has Vance's right? I think
(08:54):
that there's so much possibilitywith the thing that really
Bitcoin and crypto really,really established, right? Was
this idea that the blockchain,okay, I'm not going to try to
explain what the blockchain is.
But it's essentially a ledger.
Okay. It's a receipt book.
That's really all it is. Andwhat it really established was
(09:15):
the fact that it can't bebroken. It can't be hacked, it
can't be changed. It's there.
And it's adopted and kept trackof by hundreds of 1000s or
millions of people, right. Andso it's always being checked on
to make sure that it's right.
And so when you start looking atthat, I think that there's also
I mean, you hear all about allthese crazy things of
(09:36):
corruption. And, you know,there's so many different ways
that you could go with this, youhear and you hear about banks
failing. You hear about SiliconValley Bank, you hear about all
these different kinds of stuff,right? And I'm not talking about
about banks, but at the end ofthe day, if everything was kept
on a public ledger that everybank ever does. A lot of this
stuff wouldn't happen it wouldbe caught before it happens.
(09:57):
Right? And I just think thatit's a, it's an emerging
technology, that we don't evenreally know what the full use
case of it is yet, which is whypeople like me are investing in
it. Because I think that thereare a lot of use cases for it.
And I want to get in early. It'sincredible.
(10:18):
I love that, you know, I want totalk about because you're pretty
innovative tailor just all theway around even I mean, it's
clear just from how you thinkabout investment strategies,
which then leads me to thequestion, have you had the idea
to what if I give crypto and forsome context, from my knowledge
is Taylor goes to my church? Andso Taylor has investments in
(10:41):
crypto and actually approachedour pastor and said, Hey, can we
create a way where I canactually give crypto instead of
cash or credit? To which thepastor said, oh, yeah, if that's
something you want to do, like,let me look into it. So then a
platform for giving the cryptobecame available. And Taylor
(11:03):
gives crypto as instead of cashand credit card. And, you know,
we share this story with churchleaders often, because there's a
couple different things to thinkthrough and pull from the story
is one, these people are outhere. But I'm thinking of the
person who is like Taylor, butone may not have a relationship
(11:25):
with the past or may not have afriendship with them. Right. So
they wouldn't know who to askfor this opportunity. nor two,
would they know that they evenhad the option to give crypto.
So Taylor, I just want to ask,what made you think, to start
giving cryptoI mean, particularly at the
time, right, the first time thatI've given in crypto several
(11:51):
times now. And the first time Igave in crypto was 2021. Which
2021 Was it was when like alltime highs for Bitcoin was hit
all time highs for Aetherium. Orhit to be completely honest with
you, most of my net worth was incrypto, right. And so to get
that out into cash, right, Ihave to, it's easy to go crypto
to crypto, and it's not hard togo crypto to cash, but I have to
(12:15):
send it to like Coinbase orsomething like that. And then I
have to sell it for cash. Andthen I have to withdraw the
cash. And then I have to waitfor the cash to get to my main
account. And then I have to likewrite a check. or something,
particularly if it's over, youknow, any amount, like if it's
over 500, or $1,000, or whateverit is, it gets, it becomes very
(12:35):
difficult to just send thatonline because then your debit
card wants to decline it or youknow, whatever it may be. And I
don't own any checks. Like Ilike how like, and then am I
supposed to like call the bankand be like, Hey, can I get like
your wire transfer information,and then either put that online
(12:58):
or like go to the bank and belike, hey, I need to do a wire
transfer. And it's like, itbecomes difficult their barrier.
Like, I'm a business guy, right?
I own started a bunch ofcompanies, all this kind of
stuff. And one of the big thingswith whatever product I'm
marketing or whatever productI'm selling, or whatever it is,
(13:18):
I want the barriers to entry tobe as low as possible, right as
low as humanly possible forsomebody to get into that and do
whatever I'm trying to get themto do, right. And so at the end
of the day, churches survive ongiving on tithing on donations,
right. And so if there arebarriers to entry for somebody
to give, then you could belosing out. And I don't want to
(13:41):
have to go through all thosesteps to be able to give I want
somebody to send me, you know, a16 or 20 digit wallet address,
right, which is what you do incrypto. And I copy that I put in
the amount I hit send and thenI'm done. And it's easy. That's
all that it takes. And I thinkthat 20 or 30 years from now, I
think that that will be howeveryone works. Right? That's
(14:04):
where the technology is going togo. But right now, we're still
holding on to the way banksworked in the 1970s before the
internet existed, and it makesit weird to send any amount of
money more than 50 bucks.
Yeah, Coinbase just did this adI don't know if you guys saw it,
but it puts you in the tensionof everybody's frustration with
(14:26):
the way that money moves. Right?
It puts you in the tension oflike when you overdraw on your
bank account and then they doanother fee on top of that. It's
like if I don't have money in mybank account, I just don't Why
are you charging me extra? But Idon't have right Why are you
don't have an overdraft fee. Andthen there's like the situation
where somebody's trying to sendsomebody money and it says it's
going to take like three days orfive business days. There's
(14:48):
something like that and it'slike this really good ad that
builds the tension of howridiculous it is still today
around how money moves and Ithought that was so interesting
Taylor that you brought up theinconveniences of the transfer,
but not even the taxdisadvantages of doing
everything that you just said.
(15:08):
Not only is it harder for you todo the transfer, withdrawal,
liquidation, all that type ofstuff, but then you get taxed on
top of it.
Yep. So it's it's crazy. If I gofrom, you know, if you go from
one crypto to another crypto,you're supposed to pay capital
gains tax, right? If you sellthat crypto for cash, you're
supposed to pay capital gainstax. All like there could be I
(15:32):
know somebody who, you know,they had some like, weird crypto
coin that's like not onCoinbase. Right, like shiba inu
or something weird, right. And,like, they don't even have that
on on Coinbase whenever theywere talking to me about it. And
so they they swapped this coinover here for like Aetherium,
(15:54):
right? That's supposed to becapital gains tax right there
from what they originally boughtit from, and then they send the
Aetherium to Coinbase, andcashed it out. And that's
supposed to be another taxableevent, like the change was
minimal. So it doesn't reallymatter. But like, all of these
things start coming into play.
Whereas if I just send cryptothen I get to write it off, and
I don't have to pay anything ittakes away from what I have to
(16:18):
pay. And no, it's it's, it'sabsolutely huge. I mean,
convenience factor all the wayaround. Totally.
And you know, somethinginteresting about when the
church or a 501, C three,liquidates it and maybe turns it
into Fiat to use it for good.
They don't have to pay capitalgains on it at all, because
they're tax exempt as a 501. Cthree, organization. Are you a
(16:39):
unicorn Taylor? Are there morecrypto investors? Are there more
crypto givers? Like you're aunicorn right now?
I personally know several othersa? It? They're definitely I
wouldn't say that they're supercommon. But I think one of the
big things is is that, you know,obviously I'm friends with you
(17:01):
guys. I know what you guys do Italk to people about overflow
all the time. And then I've hadpeople come up and ask me
because the you know, it's gonearound the you know, the friend
circle or whatever that like I'ma crypto guy. And so they're
like, Oh, what is this about?
How does it work? And prettymuch every single person that I
talked to, I'm like, Look,here's what you need to do. I
don't even care if you just goand buy like USD C, which is a
(17:23):
stable coin, the price isn't asvolatile as other other Kryptos.
Right. I'm like, I don't carewhat you do. If you're giving to
a church or ministry or somebodythat you believe in, then like
put it in crypto, let it sitthere and then given crypto
because it's so much easier.
Like it's just so easy. And so Ithink that that's all once
(17:47):
again, I think it's wheretechnology is going. And I think
that I have a lot of opinionsabout the church, and especially
the local church, and how a lotof local churches do things and
different things like that. AndI don't like not talking bad
about any of them. But I alsothink that a lot of times,
particularly when we starttalking about the giving issue,
(18:08):
right? A lot of churches are soconcerned with how they're going
to pay bills or pay salaries, orwhatever it is for the next
23456 months, right, when andnot making any plans for what's
gonna happen for 2345 10 yearsdown the road from now. And I
think the people that are makingthe investments or opening the
doors, for longer term stuff aregoing to be the people who come
(18:28):
out and when and reach peopleand do what they need to do. So
good. Wow.
So Taylor, you're talking abouta stable coin now, which makes
me you know, beg this nextquestion, because you're proving
the point, hey, we're out here.
And even just speaking, thatright there showing that you
think of this as a long termplay? And you actually think
(18:50):
through is is it? am I investinginto a church or organization
the same way? Can I trust thatthey're actually going to make
long term plays the same way Iam with them. So I love that.
And I want to hear about yourmindset during the quote, dips
that happen.
(19:12):
Yeah, I mean, anytime you talkabout investments or anything
else, I mean, Don't risk moremoney than you can lose, right?
Yeah. And you can't always win.
I mean, I had a lot of money ina stable coin that failed a year
and a half ago, or I guess,almost a year ago exactly is
when it failed. And so you can'tbe everything. You can't win
(19:35):
everything. But I think thatthat's the same thing with
that's it like, that's not areason not to use crypto.
Because the same thing happenswith cash. It's happened with
like, three or four or five or10 banks or however many has
been in the past three months,right where the government has
to step in anyway. But I thinkthat when I when I think about
the dips, I'm a weirdo. Okay,that's what I'll say. Because
(20:00):
when you talk about giving, andI think that giving is also a
topic that not enough peopletalk about openly. Yeah. And it
people like shy away from it.
And I think that that's really,really silly because there
should be no shame or guilt inbeing generous. Yeah. And that's
how people should treat it. Andso, you know, when you tithe and
(20:23):
do all that kind of stuff,that's amazing. But I think
that, you know, God calls formore than just a tie the calls
for firstfruits, he calls forofferings, he calls for all
these different things in theBible that it talks about, and
just living generously, as ahuman, right and generously can
look, however, which way youwant it to look, whether it be
time or talent or treasures, itcan be all of those different
(20:45):
things. But particularly withmoney, I'm actually the person
who I want to give more when I'min times of need. And so when
there are big dips, or I, youknow, for the past couple of
months, I've kind of been inbetween businesses, we shut one
business down, I'm starting anew business, and I don't have a
(21:05):
ton of income coming in, right.
And I want to give more, becauseI know what my faith does, and I
know how my faith works. And Iknow what I believe about God.
And I know that he's going tohonor that. And I know that I'm
going to, I want to like thinkabout this, like there's this.
This is okay, right to go thisdeep into like faith. Right?
(21:27):
Okay, it's perfect. So, thinkabout this, okay. We there's
this principle in the Bibleabout sowing and reaping. Okay.
And when farmers so, okay, isthe field full of loose,
luscious, ready, ripe crops forharvest? No, no, it's not, it's
(21:47):
empty, it's barren, it needs tobe plowed, it needs to be
worked, it needs to be weeded sothat those crops can sprout, it
needs to be watered, it needs tobe fertilized, it needs all of
these things, so that it cangrow into crops so that it can
be harvested. And so I look attimes of dips, whether it's the
crypto market going up and down,whether it's the economy going
up and down, whether it's my ownpersonal, I got big bills come
(22:09):
out, or I'm in betweenbusinesses, or in between jobs,
or whatever it is, those are thetimes when it's planting season,
those are the times when thefield is bare, and something
needs to go there. So that itcan be sowed, so that it can be
taken care of it can be tendedto it can be weeded, it can be
watered, it can grow intosomething that when times are
(22:31):
good, I can't harvest. And sothat's what I believe that's how
I think and so I am a weirdo inthat. And not many people think
about that. But then I talkedabout it, and people are like,
Oh, that actually makes a lot ofsense. Right? Um, but yeah,
that's how I would treat dips. Ithink you're a leader. You know,
the way you articulate isweirdo. But I think you're a
(22:54):
leader. And it's it's actuallyso profound this conversation.
And I believe it's gonna bless alot of pastors and senior church
leaders that specifically listento this podcast, because they're
hearing from you, Taylor, who isan incredibly first principle
type thinker, even just the wayyou talk about crypto, right, my
insight, my takeaway, from whyyou invest into crypto is not
(23:16):
because of the hype cycle. It'snot this grift it's not kind of
this scammy thing. But it comesfrom a first principle. Truth
is, Hey, are we all okay withthe way that money's moving
right now? Like? Or do we thinkthat's the future that things
take three business days, fivebusiness days? Do we think it's
(23:37):
the future that this is all partof these legacy systems and that
money and the way it'stransferred and moved, is not
transparent, is not on a publicledger is not safe and secure?
In that regard? I like the wayyou think about dips, right? Is
that, hey, yeah, there are somecrypto companies and maybe even
(23:57):
some currencies that werefraudulent. But there are many
companies that have beenfraudulent in the publicly
traded stock market as well. Andeven the place where people flee
to safety in a big bank, a top20 Bank, those are failing, as
well. And then even just yourfirst principles around giving,
(24:19):
right that, hey, it doesn'tmatter if I'm in abundance, and
actually, especially in need, ifI want to live a life of
generosity. I need to toil thatpractice. I need to toil that
principle. And if I sow ingenerosity, I'm going to reap in
generosity. It's just a law.
(24:40):
It's a law. If we believe in theBible, it's a law that is
written biblically. And so Ijust, you know, I think a lot of
this conversation will helppeople break the myths of what
they think about when they heardiscord channels when they hear
you know, all these intimatemean things. You know, another
(25:01):
way to think about discordchannel is community. It's all
it is. It's it's thedemocratization of being able to
talk about these investableassets in a way that's never
been available before. Like yousaid, you can't just text a Wall
Street person that hasdisproportionate information
about a stock, right? But youcan text the community about a
(25:21):
theory, um, you can text thecommunity about Bitcoin and have
access to it the same way I haveaccess to it the same way a rich
person has access to it the sameway a middle class person has
access to it, etc. Right. Andthat's what you're saying,
essentially? Yeah.
I mean, it's it is. So I mean, Ithink that what's really
interesting is that, you know,as crypto goes, I guess more
(25:44):
mainstream, right, there aregoing to be different things
that come about, there are goingto be more regulations, there
are going to be all thesedifferent things, which totally
makes sense. And it helps peopleto not lose money to not put
themselves in bad or dangerousplaces. Right. But I think that
when we look at what generosityis, and I think that when we
(26:06):
look at being able to give, andI think that, you know, like
what I genuinely don't evenknow, but like, if when I say if
I'm using overflow, and I'msending crypto to church, right?
Yeah. What's the turnaround timefor them to get the cash?
seconds? seconds? Okay? Whereasif I try to take my crypto, put
(26:30):
in a coin base, and then get itto cash, and then send it and
then like, it's like, it ends upbeing like, a two week process,
like a 10 day process is right.
And, you know, I don't thinkthere are many situations where
a church necessarily needs, youknow, a bunch of money within
seconds. But what it does do is,is, you know, I'm on I have
(26:52):
served at our church, I've beenan associate pastor, I've done
all these different things. I'veheard people say, oh, yeah,
we're gonna give this and thenthey're like, waiting for a
bonus to clear, right? And thenthey gotta wait to check. And
then we got to see if the checkis gonna go through or bounce or
whatever it is, right? And it'snot that we're, you know,
doubting people. It's just theway the financial system works,
(27:14):
right? Of where when we talkabout something being able to be
sent in seconds, what that does,is it it gives you have a sense
of security, right? It gives youa sense of understanding that,
oh, no, we actually have thismoney, we can use it for what we
needed to use it for, we canmake plans on how we're going to
invest in a new building, or anew camera to live stream or a
(27:35):
new, you know, whatever thatchurch or organization might
need. In that moment, it givesthis this sense of peace. And I
think that that is is such animportant thing for churches to
look at, of how many times ifsomebody said, oh, yeah, we're
gonna give it to you just gottawait for this to clear and then
we will write your check, andthen it'll come in. Why? Why?
(27:56):
Why? If you're gonna give, whydon't you just give it now?
Like, I don't know, that's my,my own perspective.
I love that. I mean, you'reobviously speaking our language
here. And, you know, Taylor, Ialso just want to for anyone
listening, I just kind of wantto share that Taylor's heart is
(28:17):
so for empowering the kingdom.
Yeah. And pushing ministriesforward. And he really believes
that God has called him tocreate businesses that do that.
And so because you have thisunique perspective, because you
aren't like God's called me toministry, and that's my only
lane I must stay in, right youconsider creating businesses,
your ministry. So I would loveto hear if you have a final word
(28:39):
of encouragement that you wouldlove to impart to everyone
listening to this. Ithink that everybody has a
ministry. And I think that forevery single person, that
ministry begins with generosity,I don't care who you are, I
don't care what you do, I don'tcare what you've been called to
do. I don't care what God hastold you to. I mean, I do care
what God has told you to do. Butlike, I It doesn't matter. It
starts with generosity. And Ithink that that can look like a
(29:04):
lot of different ways. I thinkthat it can manifest in a lot of
different ways, depending on whoyou are, and where your talents
and skills and abilities lie.
But God does want to use you.
And, you know, I talked aboutbeing an associate pastor and I
spent a year praying and talkingto people and reading the word
about whether I should stopworking in the corporate world
(29:26):
and go into go to Bible schooland go into ministry full time,
right? And what came out as aresult of that year of praying
and talking and doing all thesethings was I felt like the call
on my life was not to go intoministry and speak on a stage or
do whatever it is. I felt likemy calling was to be able to
(29:47):
fund the kingdom right, and beable to empower and help
ministries, churches that Ibelieve in people with good
causes and the man on the streetthat needs something to eat. For
lunch, right? So it was it goesfrom everywhere, all the way up
at the top all the way down to,to somebody on the street. And I
think that if you you have thisfilter that you look at the
(30:10):
world with of regardless of yoursituation, regardless of where
you're at, if you look at itthrough this filter generation,
generosity, and how can I give?
How can I serve? How can I dothings for other people, rather
than what can I get? What can Itake? What can I have? Then God
can really, really, really useyou for incredible things. And I
(30:35):
wish that more pastors would saythat from sages in front of
people, Mike, more people wouldgive that message that, you
know, it's not about it's notabout what we can take. It's
about what we can give, becausewe've already been given
everything.
And even just sharing thatmessage of generosity. I think a
lot of pastors may hesitatesometimes. And I've talked to a
(30:56):
few where they're hesitant,because they feel like it comes
off as wanting to take frompeople. But it's never what you
know, we want to take frompeople but it's what we want for
people. And Taylor, you're anexample of somebody who is in a
local church that is serving hislocal church that believes in
(31:17):
this, it's been transformativein your life, and you're so
convicted, that it'd betransformative for a whole
generation for our circle offriends for our extended friend
network, and so much so you'rehere on a podcast, really
talking about it, and a letterfor every pastor, I believe
there should be 100 Kingdombuilders. For every pastor, I
(31:37):
believe there should be 100tailors that have a mindset like
you because while pastors getthe download of the vision for
their local community, and maybeeven their global vision, it's
the kingdom builders that weknow, determine the pace of that
vision that can acceleratethings to incredible levels. So
(31:59):
we so appreciate you, man. Hey,where can people find you
connect with you? We want to beable to serve you as well.
Obviously, this community, Ithink can be really catalytic,
to the type of things thatyou're doing as well. Kingdom
empowerment. Want to talk aboutthat a little bit.
Yeah, Kingdom empowered, anysocial media anywhere. Really,
(32:20):
our end goal is to just be one,you know, long term big goal is
to be one of the biggestChristian media and content
companies in the world, usingthe the internet and using
technology, the way that itactually can be used. Because we
have experience in that buildingbusinesses and different stuff.
So we're helping people withmarketing. We're helping people
(32:41):
with messaging, all that kind ofstuff. And yeah, come check us
out. Send us a DM I'm the one onthe Instagram. So if you go look
up Kingdom empowered and yousend a DM like it's going to be
me responding. So I'm all forit.
Awesome. Well, we'll put thelinks in the show notes and
Taylor, it's been such aprivilege and a pleasure, my man
(33:02):
is good to see you. Thank you somuch for having this
conversation, this candidconversation around crypto,
generosity, and ourresponsibility as Kingdom
builders, for the local churchand beyond. Appreciate you.
Thank you, Vance. Man, you'reyou're the one who built the
company that actually letspeople do this. So thank you to
you as well, because you'reyou're out here changing the
(33:23):
world overflow is and I thinkthat I know you guys are blowing
up and I know so many people areusing you so many churches are
but it's only a matter of timebefore everybody is and I'm just
I'm excited to watch you guys goon that journey man. Love that.
Thanksso much for listening to the
give it up podcast if you wantto receive even more insights on
church innovation, culture andgiving. Now you can sign up for
(33:44):
free to be an overflow insider,where you'll receive exclusive
content discounts direct accessto Vance Roush to get your
questions answered. And alsoinvite only access to our
monthly fundraising leadershipforums, head to overflow.co
backslash insider, or just clickthe link in our bio to sign up
for free today. In order to getthis podcast in the ears of even
(34:08):
more church leaders. Could youplease subscribe and leave a
review for the show. This tellsthe podcast players what people
are enjoying and want to hearmore of and we are adamant about
providing maximum value to evenmore church leaders. Thanks so
much. We'll see you next time.
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