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April 22, 2025 66 mins

Matyas Kuchar joins the Bitcoin Infinity Show as he talks with host Knut Svanholm about organizing the BTC Prague Conference, his journey in the Bitcoin ecosystem, and the broader impact of Bitcoin on personal responsibility and society. They delve into Matyas's journey in organizing Bitcoin events, the impact of Bitcoin on personal responsibility, and the significance of BTC Prague in the global Bitcoin community. 

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The Bitcoin Infinity Show is a Bitcoin podcast hosted by Knut Svanholm and Luke de Wolf.

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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Mattas, welcome to theBitcoin Infinity Show.
Nice to have you here.
Knu, thank you for having me.
And uh, uh, greetings from CzechRepublic to all your listeners.
Oh, fantastic.
The land of the fenestration, one of myfavorite, uh, words in politics ever.
Yeah.
Uh, for those of you that don't know,Mattas is one of the two brothers

(00:25):
that are organizing the B2C PragueConference, a conference, which I think
you should definitely go to this year.
mid to late June.
It's 18.
No, it's the 19th to the 21st of June.
And you can view use codeInfinity for 10% off your ticket.
So let's get that out of the way.
Uh, first.

(00:45):
So, um, Matts maybe, uh, maybe beforewe get into the questions, uh, can
you give, uh, our listeners a littlemore of A-T-L-D-R on yourself?
Uh, we've had your brother on, but notyou, so, so if you just introduce yourself
a bit, we'll, we'll get to know you a bit.
sure.
So my name is Mattias and I'vebeen organizing Bitcoin events, uh,

(01:06):
with my brother Martin since 2020.
We started in C Republic in LittleCity Ova with event in Covid time.
When we hit it, we, we kind of.
acted like a honey badgers.
We don't care about covid.
And we, we did it and it took a greattraction because even during lockdown,

(01:27):
we attracted 500 people the year after itwas, uh, 1000 people the year after 2000.
And that lead us to the year 2023 whenwe decided to organize, um, um, the
international event, which is BTC Pro.
So now it's been, it's been five yearssince we will, we organize events for

(01:49):
people who likes to meet in the realspace because it's, it's really important.
It, it, it, uh, absolutely speed upyour process of understanding Bitcoin.
And neither me or Martin are, uh, tahi.
We, but we always like to, um, uh,meet people and organize, um, different
kind of occasions and parties.

(02:11):
So we, we figured this will beour contribution to network and.
Um, apparently like, yeah, it works.
People, people love it.
Uh, last year we welcomed,almost 8,000 people.
We had 200 plus speakers.
Uh, Michael Sailor is coming for athird time, so this is, this is a
good sign that we are doing somethingright and the expo is full of, full

(02:35):
of great Bitcoin only companies.
So, um, that was just a, a veryshort summary of what we are doing.
Other than that, I like music,uh, party and self sovereignty.
Mm-hmm.
Oh, fantastic.
I mean, B2C Prague, like I,I, I was on a space yesterday

(02:55):
and I, I told everyone that.
The, usually the smaller the conferenceis, if it's a Bitcoin only conference,
the higher the signal to noise ratio.
But GUE is the exception becauseit's a, it's a fantastic big
conference, but you manage to keepthe signal to noise ratio really high.
Uh, there's not a lot of bitcoiners there.

(03:16):
It's, it's very high signal.
And, uh, yeah.
So, so con congrat, uh, uh, kudos toyou for two great conferences so far.
They've both been fantastic.
Thank you.
You know, we are doing conferencesfor, for us we always think like what
the conference should be like that.

(03:37):
So we like it.
And me and Martin, weare hardcore bitcoiners.
Of course.
We've been through this whole alco uh,cycle, like it's a part of the evolution.
So we have a compassion forpeople, but we don't have a
compassion for those companies.
Now, and speaking of, of coins and the,the, the Bitcoin market and the bitcoin

(03:58):
market, like what, what's, what's yourtake on the recent market movements in
Bitcoin and like what, what do you thinkis going on and what's happening there?
Yeah.
Well, I think, uh, being aBitcoin now is, is great.
Uh, the sentiment is,what's the right word?
It's electric.
It's not just a bull market.
It's uh, it's really a mental shift.

(04:20):
And people who laughed at us fiveyears ago, they are now coming
with questions, serious questions.
The institutions are jumping in,um, uh, trying to write this wave.
Politicians are, uh, scratchingtheir hats and scrambling up.
so here's the thing, likefive years ago, it wasn't sure

(04:42):
that Bitcoin is real to stay.
It was sure for us, but now it'sreally becoming so real that.
no one is like against it anymore, ormaybe this is just my bubble feeling,
but I think that we are crossing thechasm from, ly ly adopters or maybe
even late adopters to ly majority.

(05:05):
And this, comes with a greatopportunity for everyone.
So if you become Bitcoin, uh,before everyone else, it's
very, very good thing to do.
And I would say that those who,uh, adopt this technology will
gran benefit greatly from it.
And, I think that this is the lasttime when we really can jump in before

(05:30):
the majority, so the time is sticking.
And, I think that the realFOMO will happen in, in this
year or maybe the year after.
And that's why I'm here, like talkabout BTC product because for those
who are curious and who want tojump in, um, maybe they, they are
seasoned bitcoiners, but they also,uh, might be a newcomers because

(05:55):
until now it was kind of a no-no from.
From different reasons, butnow it's pretty obvious that
Bitcoin is here to stay.
And, at BTC Prague or pretty muchevery other event, you get this
conviction that is a real thing.
You see so many people with similarvalues, with, uh, very smart arguments,

(06:16):
which are against this fiat, uh,experiment, which is clearly ending
because everyone see the inflation.
Everyone has this feelingthat the system is erect.
I. And that you need todo something about this.
Like even, even like really everyonelike Joe and Joe and Jim from the
street, everyone knows that something isrigged and you need to defend yourself.

(06:39):
And Bitcoin is here to, to helpyou to overcome this heart period.
And if you come to the conference,it's, uh, it's pretty, it's pretty easy
to get the education, the networking.
You need to be sure that you start andyou benefit greatly very, very quickly.
You don't get this feeling from internetbecause the internet is full of chaos.

(07:02):
It's very difficult to find the signalin the sea of the, of the noise.
So I really think thatbecoming a bitcoin now matters.
And, uh, the moment of thetransformation, when the crowd
is still a little bit uncertain.
Is important because when the crowdis, sure, and you will see everything

(07:28):
in, in the mainstream every week,uh, you will see the news in, in
mainstream, but that's maybe notthe, the not the time to, to jump in.
No, uh, I, uh, agree with all of thatand I, I just like to pick your brain.
Do you believe, like, when the majoritycomes into the market, do, do you believe
that there's, there will be a last cycle,like a, a, a one cycle to end them all?

(07:53):
Uh, where, where we justgo into hyper ization,
mm-hmm.
Mm-hmm.
Well, I think that, uh, and I'm notsure it is very difficult question.
Yeah.
Um.
I think no one knows the answer,but Bitcoin is technology and
it will be probably, uh, copyingsomehow the bell curve, which is the

(08:17):
adoption curve of every technology.
So it might be very similarto internet or smartphones.
So probably we will see ahuge hockey stick and then it
will start to slow down again.
So it's a scur.
And, uh, how long will will the,the, the parabolic move, uh, be?

(08:44):
Uh, I don't know.
It might be, it might be evenlike few decades, I would say.
Yeah.
Um, or maybe not because we don'thave that many people in the world.
I, I, I have no idea.
It can be fast.
It can be really fast.
I. By adoption of people, butwe have so much money in the

(09:05):
world and that will take time.
the Bitcoin is like a black hole,which is sucking the energy, uh, the
monetary energy from every other asset.
And, I think that thatwill take a long time.
It can take decades from, for peopleto really understand that it's not
good to diversify to real estate.

(09:28):
Yeah, it's better to buy Bitcoin.
This can take time.
But if we are talking about adoption,that people will start to using, uh, using
it on day-to-day move and that, uh, uh,the fiat, um, experiment will disappear.
That can, that can take, uh, a littlebit, uh, a little bit less time.

(09:49):
I, I totally agree.
I mean, the, um, the Scur is applicableto the people adopting Bitcoin.
But, uh, maybe it's not applicable toall the money because there's always
more money and more productivity.
And as the mar, as the economy grows,there's always more money so that that
doesn't have to level out somewhere.
It could just theoreticallyjust keep on going.

(10:12):
Like nothing stops thistrain, as Aslin likes to say.
Um, so, and, and another thing about,um, adoption, like the best way to, to
actually get to experience how superiorBitcoin a is, is to go to a, a conference,
preferably a big one because you haveso many people that you can actually
use it with and see how, how smoothand, and uh, how how great using Bitcoin

(10:36):
is, how great an experience it is.
And it's, it's so frictionless and, uh,don't ask for permission, just do it.
Uh, the more of us that do the, the,the more uns, the, the quicker the
unstoppability of this will unfold.
Yeah, sure.
Like I, I have so many examplesin C Republic you can pay
with Bitcoin for everything.

(10:57):
Like I was just in a restaurant withmy friends few days ago and I showed
them how I pay with Bitcoin and I paid,paid the bill, uh, with Bitcoin in
random restaurant in my little city.
We have more than a thousandplaces all over Czech Republic.
Uh, our biggest, uh, onlineretailer, ALZA is like Czech.

(11:19):
Amazon is accepting Bitcoin andlighting, uh, since 2014, I think.
So you can buy pretty much anyelectronics or, uh, household attempt,
uh, toys, pretty much everythingwhat you imagine for Bitcoin.
So it's already here.
It's just that the knowledge of.

(11:40):
this technology is not,uh, evenly distributed.
We are already living in the future,and if you are aware of this,
you want to be aligned with thisfuture where you need good money.
And that means becoming a bitcoin.
That means using Bitcoinfor your own good.
And it can be, uh, it can defer someone,use it only for saving money, someone

(12:04):
using for payments, someone usingfor, uh, buying their household items.
But someone is using it forinternational transfers, which
is also, uh, uh, super cool.
Yeah, not waiting threedays, uh, for confirmation.
Uh, this money's, uh,censorship resistant.
There are so many perks, which arejust a hundred times better than the

(12:26):
previous technology, previous money.
Absolutely.
And, and there's no coincidence thatPrague and the Czech Republic are, are
ahead of the curve here because you, inyour country, you have a long tradition
of resistance to, to authority, uh,whether it be your home government or, or
the Soviet Union trying to run you over.

(12:47):
Uh, but, uh, and all, all sorts of things.
So tell us a bit about that.
Why, why Prague and the Czech Republicstands out, uh, uh, from the crowd here
okay.
There are like, checks have beenI think always very geeky nation.
Uh.
We are, we are well known as, uh,as researchers, as smart people

(13:12):
who are finding new solutions.
Because we have, we,we are a small nation.
We don't feel particularlystrong about ourself.
We've, we've been always ruled by someone.
Um, and this made us akind of humble nation.
And people knew that they need to workfor their own to have something extra.

(13:37):
Um, and this especially, uh, andespecially talking about the last
attack when we were under thecommunism regime where there,
there was nothing on the market.
And if you wanted to have a, a, forexample, nice piece of furniture or, or,
or something, something nice for yourhousehold, you had to make it by yourself.
So People have this craftman culture.

(14:01):
And, when Bitcoin came into tuition,uh, in 2008, 2009, um, few smart
people already started to geeking,geeking about it in Prague, um, in,
in the, uh, hackerspace Burm lab.
And those were the people who were lyingdown the foundation for Bitcoin ecosystem.

(14:24):
So, uh, in this hackerspace, the firstever, mining pool, happened to, to be,
to be founded slash pool working untilnow with, uh, more than 1 million Bitcoin
being mined now operated by brains.
Another great check based,uh, bitcoin company.

(14:44):
it that, that was in a year,2010, if I'm not mistaken.
then 2012, the first ever hardware walletwas, uh, made in Czech Republic in Prague
by stick and slash sat lips with BIP 39.
The seed phrase, it was also discoveredin, in Czech, or 2013, the general bytes,

(15:05):
uh, the biggest Bitcoin ATM manufacturerby Kara Kowski also made in Prague.
And, uh, we, we've always hadvery close to libertarian and
anarchical capitalistic thinking.
So there was this black three floorbuilding par in 2014 where all

(15:26):
those cipher punks and, uh, andgeeks and hackers were coming and,
and, and talking about Bitcoin andthis, because we started very early.
The Czech Bitcoin communitystarted very soon.
We had the time to,understand, to learn about it.
You know, that it takestime to understand Bitcoin.

(15:47):
you can speed it uponly, only, only a bit.
And because we had time, itsnowballed until now where we
have like a huge Bitcoin communitywith 10 million inhabitants.
Czech Republic has, more than1 million Bitcoin enthusiasts.
Those are just numbers from some,some research and many, uh, bitcoin

(16:09):
companies are, um, based in Praguebecause, uh, the culture here is just,
just really cool and, and really great.
And even the government recognized this.
And recently, uh, our president, uh,signed a law where, uh, you don't need
to pay, um, the capital gain taxes afterholding your Bitcoin for three years.

(16:33):
So the, we have a time test for Bitcoin.
And the second part of this law wasthat, uh, the companies have a right
for, uh, corporate bank account becausethose companies had had, uh, a lot of
problems 'cause the, the, the foreign,uh, banks were closing their accounts
and, and trying to, uh, screw them with,with this this sneaky, sneaky attack.

(16:59):
So now, um.
It seems that the government recognizedthe, the opportunity and want to establish
Czech Republic as somehow Bitcoin Capitalof Europe with Chick Crown having, um,
uh, as our, as our currency, not Euro.
This is something what gives me, givesme a real hope for, for the future,

(17:22):
even though I'm coming a little bitfrom the more, um, grassroots movement.
So I don't praise politics and, andgovernments and central bankers, but
even me, uh, I, I, I feel, I feel kind ofproud, uh, about, about this, uh, and, um.
I'm, I'm only, uh, only waiting when Iwill see, uh, more and more news from, uh,

(17:50):
from, from Czech, uh, coming to the world.
Like recently, it was a Mikko, theCzech, uh, Czech National Bank Governor
when he stated out that, uh, CzechNational Bank is considering, uh,
Bitcoin as a part of the reserve.
And of course, they were, uh, the,the next day they were slapped on

(18:10):
their fingers by Christine Leg.
Uh, but, but I think itdoesn't, doesn't matter.
And, uh, the game terror is already,already in play and it just about
the time when the whole world willsee it, and as it is worked for
individuals, if you are first.

(18:31):
You have, uh, better opportunityand, and better leverage it.
It works.
Same for, for countries and, um, and, andCzech Republic, uh, definitely can be one
of those countries in Europe similar toEl Salvador in, in, uh, in Latin America.
Yeah, it's, it's super, uh.

(18:52):
Super bullish news, all of it.
Uh, uh, definitely.
And speaking of Christine Laggard, Isaw a tweet the other day where, uh,
from the European Central Bank of, ofhow to spot a counterfeit Euro bill.
And I think it's so ironic because allof them are counterfeit, in my opinion.
And the, the only re, the only wayto know that no one is printing more

(19:15):
of the monetary unit you're usingis to actually know every single
transaction that goes on in that system.
And there's only one way to dothat, and that is to run a Bitcoin
node and check for yourself.
That's the only, that's theonly way you can know that, that
no counterfeiting can happen.
So, uh, so yeah, run a node.

(19:36):
That's how you, that's how youknow all the other currencies can
and will be counterfeited eitherby central banks, by normal banks,
or by some other evil entity.
Uh, that's, that's just what happens.
The incentive is too strong.
Yeah.
I don't want to even start talkingabout European Union and those Brussels

(19:57):
elites, or they call themselves elites,but they, they, they have no idea.
They're, they're outalready from this game.
Just,
No, the there elites only inthe sense of like that they are
the most successful parasites.
I.
So, uh, you mentioned parallelpolice there shortly, like
what's happening there?

(20:18):
I heard a rumor that it isclosed down or something.
Is is that true?
Uh, it's closed down in thesense that it, it's, it changed
names, it changed somehow.
Ownership.
Um, I think the culture, what wasthere, um, has kind of died and changed.

(20:38):
Um, and, uh, honestly, I, I haven'tbeen there for, for some time,
so, uh, I, I, I, I don't know.
No, because I, I know this.
PA Police was never a Bitcoin only place.
Right?
There was a, a lot of ery going on there.
Even though this, it was born before thedistinction was even possible to, to make

(21:01):
for most people it because it it's beenthere since, yeah, since, uh, since when?
Like 2010, 2011,
Uh, I think a little bit later,like 2014, I would, I would guess,
Yeah.
But still before the whole, beforethe Bitcoin standard and the whole,

(21:21):
uh, introduction of bi Bitcoinversus Bitcoin narrative, uh, that
simply wasn't there in the beginning.
So, so these are, these are the, thetrue original cipher punks that have just
been fighting for, uh, your freedom todo whatever the fuck you want, basically,
You know, I really like,I really like Par Police.

(21:42):
It's, it's very respectable, um, placefrom the sense that in, in Czech we
had this law that every single, um,business which is serving people needs
to have this, uh, electronic cashier.
And they were the only one who refusedthat because they were not accepting cash.

(22:07):
And they, they went away with it.
They were really, I think they werethe only, um, only ca cafe in the
whole Chi Republic who didn't havethis, this electronic cash system,
which was mandatory by Czech law.
It's, uh, they, they, they showedthe middle finger and they won.

(22:28):
Um, and, and regarding the, theBitcoin area there, um, they were
really focused on Bitcoin a lot.
I would say 90, 95%.
But because I think because of the, uh,of the, they were kind of blockchain
agnostic, let's say, very politely.

(22:49):
So there were some, some, uh, Ethereumpeople and, and, and even, uh, Monero.
But I, I think that they werekind of selective even from
the, from the shitcoin part.
They selected only thebest of those shit coins.
The least worst anyway, so, so yeah.

(23:09):
Yeah.
I, I can, I can very muchrecommend you visit the place
because it's such a cool place.
And also right across the street,there's one, uh, there's a great,
uh, restaurant, uh, uh, with a lot ofgood meat, like, uh, Texan barbecue
sort of joint that I can't rememberthe name of, but that's great too.
Hello there.
I'm k Kurt Swan home and I'm aninternational village idiot and author.

(23:33):
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Look at how your collection could look.

(23:53):
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by chapter, week by week on Noster.
Also accompanied by a video that Luke andI will make talking about the ideas in
the book where we answer your questions,because you can sign up for the Bitcoin
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(24:18):
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So go to the BitcoinInfinity Store right now.
Get the books, sign up for the Academy.
The steak knives is onlya, maybe I'll write them.
So, uh, yeah, where are we, where, wheredo we want to take this conversation?
Uh, anything more about Prague in theCzech Republic that people ought to

(24:42):
know, like, uh, anything else you wantto talk about in that, in that area?
Uh, well, uh, I never, uh,let the opportunity to shell
BTC Prague on the table.
So I think that this year is, um, andI. I've been thinking about about the,

(25:02):
the next phase of, uh, Bitcoin adoptiona lot because with BTC Prague, we
always, uh, try to adapt to the market.
And, uh, with, with every bull market,we get a huge wave of newcomers.
And this brings a question,who are the newcomers?

(25:25):
This bull market?
And those newcomers are differentthan in last bull market because
of the legitimization of Bitcoin.
Because bitcoin is getting, um,attraction from politicians and
institutions, we can see them in,in news with, in, in a positive way.

(25:47):
I think that the next waveof people are kind of.
Normie middle class, Jim and Joe Maybe wearing suit, and they will be, of
course, coming for the, uh, for, for,for the money part of, of the equation
of the movement because they, they feelthreatened by, by inflation and they will

(26:08):
be looking for something to save theirmoney, but also they feel like this might
be a similar opportunity as internet wasin early nineties, if you, they, they
don't want to became, uh, blockbustersof this Bitcoin time or Codex or Nokia.

(26:29):
So I think that there are many peoplewho, uh, who feel, hmm, ambition.
And they want to use this, uh,this opportunity of Bitcoin for
their own good to, uh, to have abetter salary in their company.
So they want to became thisgo-to guy, this bitcoin guy
in their, in their company.

(26:51):
And maybe they even werestudying Bitcoin for a few years.
So they are not absolute newbies,but it was not very, um, easy to come
up to their boss and say, Hey, boss,let's do something with Bitcoin.
Because until now the bosswould just kick them out.
Don't, don't talk, uh, bullshit with me.

(27:11):
Yeah.
Uh, bitcoin is, is, uh, money for, uh,for criminals or something like that,
or is boiling oceans or pick your fat.
But now I think that this is the timewhen, if you are a Bitcoin in a company.
You can go to your boss, you can say,Hey boss, I see there is opportunity to
use Bitcoin for this and this purpose.

(27:34):
Because if you are a good employeein your fiat job, you see this small
opportunities lying on the table andpick your, pick your, pick your favorite.
Yeah.
Um, and uh, your boss can tellyou, okay, yeah, that's a,
that's actually a good idea.
Let's spend some time on it.
Let's, let's, let's research.
And, and you can, you can go to BTC Pragueand, and really learn about those use

(27:58):
cases because we are not the first onewho, who are, who is thinking about this.
The wheel is already being, uh, developedand you can just pick, uh, a guide,
uh, playbook which fits to your needsand apply it for your own company, for,
uh, your own, um, uh, like ambition.

(28:22):
And if you do it right, you can just like,um, raise your hourly rate in your company
to double, triple, or pretty much every,any, any, uh, what you, what you imagine
as it was in early days of the internet,if you knew how to operate with internet,
if you knew how to do webpages, um, youjust had a huge, uh, huge, uh, leverage.

(28:49):
Against, um, against your, uh, againstthe, the, the whole other job market.
So I think this is, this is the, thisis the real opportunity to really, to
really start thinking about Bitcoin asa part of your, of your job and applying
it to other aspects of your life.

(29:11):
I really think that Bitcoin is a levelof technology and it gives you the
opportunity to, to grow in a matterthat it wasn't possible until now.
It opens up absolutely new doors, whichare very easy to open and, and it's,
it's, um, it's with almost no risk.

(29:35):
One thing is that you, you veryrarely hear, hear the phrase,
uh, yeah, I don't like Bitcoin.
But, uh, I find the underlyingblockchain technology very interesting.
You don't hear that anymore, right?
Because people know that, that phrase,it just reveals your ignorance.
It tells other people how stupidyou are when it comes to this stuff.

(29:56):
So the only people using that,that particular, uh, phrase is, is
politicians and, and central bankersand such, like the, the distinction
between Bitcoin and everythingelse is just becoming so, so clear.
Yeah.
So I have a question for you, Knut.
What do you think it will be?
Uh, the, the scam of this bull market?

(30:18):
You know, last bull market, it was,it was, uh, um, orals and, and before
that it was like altcoins differentdifferent colors of all the I altcoins.
Before that it was a ICOs.
So what do you think will be this market?
Because I'm sure it will be something.
Yeah, I mean the meme coins are sort,sort of already dead, I think like Trump

(30:41):
coined and that's, uh, crap was like peak.
Uh, well, how, if the Presidentof the United States makes, makes
one and that does the same fuckingrug pool as everything else,
like where do you go from there?
I think meme coins are over.
Uh, I do however, think that this, uh.
Bitcoins on Bitcoin thing, uh, Iworry that that might have a, a

(31:03):
resurrect itself because that'svery, it's a very damaging thing.
It, it does, uh, clog up the UTXL setand make, make Bitcoin transactions
more expensive for everyone andmake, uh, starting your own node,
uh, more expensive for everyone.
So, so I, I hope that that's over andthere are some positive, uh, signals.

(31:24):
Like for instance, when the so-calledtaproot wizards raised $30 million at the
same time, blockstream races a billion.
So like, we're, we're sortof winning that war too.
Uh, and, uh, I, I like that.
Um, but yeah.
There might be the next, uh, uh, I, Imean, I view all of the coins and all of

(31:46):
the scams that, uh, follow in the wakeof Bitcoin as some type of attack vector.
Uh, they are the attack.
Uh, um, and the next one might bepolitical that, uh, if, if we let pol
politicians, uh, decide what a nodeis, for instance, or, or let them, if a

(32:06):
politician says it will be legal to runa Bitcoin node in our country, and then
they, they get to define what a Bitcoinnode is, and that's very dangerous.
Like this needs to be.
Run by people who don't givea shit what politicians say.
That's like, uh, if we startobeying and, uh, following rules,
we're not bitcoiners anymore.
Like we, we need it.

(32:28):
It needs, it's, uh, an arcocapitalistic ethics to, to actually
work because otherwise it becomescentralized and then it's fucked.
It's just another shit coin.
I, I don't believe that would happen.
I'm insanely, uh, bullish on Bitcoinand, and, uh, convinced about, about
its robustness, especially after howspectacularly, gloriously the, uh,

(32:50):
block size wars were won back in 2017.
We were like unstoppable.
Uh, but yeah, there will probably,there will be more scams.
However, they, they are way moreinsignificant than they were back in 2017.
Like right now, the entirealtcoin market is, is just how
much Bitcoin moves in a day.

(33:11):
That's the equivalent.
Like, so Bitcoin is.
Enormous.
It's, it is like anant fighting a mammoth.
Like it's, it's, it's nothing.
They make a lot of noise becausewhat, what's the expression?
E empty cans, uh, make more noise.
Uh, and this is what the,the shit point market is.
So they insanely, uh,optimistic about Bitcoin.

(33:35):
I, I think the scams will, therewill be another wave of scams.
Hard to tell what it is.
Uh, but hopefully people are smartenough to not fall for it, uh, anymore.
Like, or less people, at least.
There's always another idiot to fool.
But, but yeah, fewer and fewer every time.
Yeah.
Well, even smart people were fallingfor scams past two, uh, bull markets.

(34:00):
Right.
It's not, uh, it's not, um, I, I feel, Ifeel like it, it is a part of the learning
process to fall for some scam and, andpay for it because it, it gives you a very
hard lesson, which is almost transferable.
Yeah.
Someone can, can teach you about this,but if you don't, um, if you don't feel

(34:24):
the pain, uh, you, you don't think in away that you, you, you learn the lesson.
No.
And, uh, in order to fool a smart personor a, uh, an above average intelligence
person, you need to sound so smartthat they feel that they're not really
following you, which, which is sortof what Ethereum did for a long time.

(34:46):
Uh, the, the word salad matchedthe code salad, so to speak.
So, so no one really understood it.
They just pretended that they understoodit and that's how they got robbed.
And they, some people are.
Still getting wronged by that obvious,in hindsight, obvious scam, like
a 70% pre mine should have, like,everyone should have seen that.

(35:09):
But, but it was so, well, uh, the,the marketing machine and this, all
these narratives of world computerand all the bullshit, like the, uh,
it, it captured a lot of people.
And same thing with Monero.
So like, oh, it's, thisis actually anonymous.
Yeah, but that means youcan't audit the supply.

(35:29):
So, so it, it doesn't work.
But, but people, people willfor, for one scam or another.
And I think most of that stems from allthis misinformation because people don't
understand what problem Bitcoin solves.
And in order to understand a solution,you need to first understand the problem,

(35:49):
and the problem is money printing.
The problem is that youcan copy, copy stuff.
Like this is the first thing that can'tbe copied, that it's as simple as that.
But people have such a hard timewrapping their heads around that.
Yeah, you're right.
You're right.
Absolutely.
Yeah.
The money printing is, is the problem.
Bitcoin is solving it forthe first time in a history.
It's, it's so brilliant and.

(36:12):
It's so simple to, to grasp it.
Once you get it, it's, it's almost like,uh, like, uh, like the cryptography,
like the public private key cryptography.
Yeah.
Once you have the key,it's so simple to verify.
But on the other, other side,it's, it's almost impossible

(36:32):
to, uh, to solve the problem.
And I think it's, it's verysimilar with understanding Bitcoin.
Once you get it, once it, it clicks,it's so obvious and you are just
telling yourself, Hey, how could Ibe so stupid to not get it sooner?
That's a super good analogy.
Like, uh, it's, uh, uh, yeah, it's great.
But Bitcoin knowledgeis like a private key.

(36:54):
Like once you get it, it's,it, it, it doesn't go away.
Uh.
it unlocks, it unlocksa different part of.
Of knowledge as well.
Like, at least I, I kind of feellike Bitcoin really gave me the
power to understand, uh, even thingsoutside of Bitcoin because it just

(37:19):
broadened your, um, your perspective.
And because it, it, it givesyou a chance, um, of thinking
about things, uh, differently.
You kind of feel like you,um, you see through the things

(37:40):
which you couldn't see before.
Yeah.
Like another scams and, and theradicalness of the, of, of the
whole, uh, bureaucracy and, and, andthe, the list is very, very long.
But before Bitcoin, itwasn't so obvious, right?
That how the word is so rigged.

(38:01):
No.
And, uh, Bitcoin, uh, led me down theAus Economics Rabbit Hole, which I think
is like just as, as big of a revealingthing be because it feels like when,
when you're, when you're looking atthe world through a Bitcoin lens, when
you know that all prices should go downover time, and the only reason that they
don't is because people is printing moneythat you see all the other problems of

(38:25):
where they come from and how politicalinterventionism is always the problem.
And it, it's, it's likehaving truth goggles.
You know, that, uh, old young Carpentermovie, uh, they live where you watches
the world normally and then throughthe glasses and it's completely
different, and he can just see thetruth in everything and that that's.

(38:45):
That's the type of glassesthat Bitcoin provides you with.
Hello there, fellow Coiner.
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(39:06):
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(39:28):
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A group of lovely fellows from down underthat can help you store your Bitcoin for
a long time using Multisig solutions.
So check out pit box stamp seed and theBitcoin advisor or GFY back to the show.

(39:49):
so, uh, yes.
And I, I know you like the philosophicalside of Bitcoin as much as I do
and, and know that this is, uh,uh, it's much more than, uh, you
know, number go up technology.
It's, it's, everything else go up too.
Like, in, in your life, uh, you, youlearn to become more responsible.

(40:11):
And, uh, with, with great freedoms comesgreat responsibility as, uh, Spider-Man's
uncle once said, uh, in Bitcoin, we haveUncle Rockstar to tell us those things.
But, uh, uh, yeah.
What, what, what are your, whatare your thoughts on, on, uh, how
Bitcoin changes people and more, morethan just providing truth goggles?

(40:34):
Yeah.
Um, you know, I think that we arecoming to, to a age where people need to
take responsibility to their own handsbecause, uh, without money printer,
the socialism will be not possible.
Uh, and people will have very hardtime without being very productive

(40:57):
and taking care about yourself,about, uh, your own, own future.
So I think that we are shifting to thetime when the responsibility of, uh, of,
of one needs to really, uh, be the onthe forefront of everyone's thinking.

(41:20):
And Bitcoin teaches you that.
Um, also Bitcoin, uh, kind ofrediscover values, which were kind
of lost in, in last two generations.
So, um, I like the philosophy,uh, about Bitcoin and I'm just, I

(41:42):
dunno where to start because thetopic is so, uh, so interesting.
But, like, it, it's been, it's beenkind of, um, decimating in my mind
for, for several years and I thinkI really, I really get it and, um, I
developed my own kind of, uh, philosophyaround this, and I call it level up.

(42:03):
I, I, I came with this, uh, last yearfor BTC Prague because I wanted to
encourage people to be better because I
It was the theme of the conference,
Yes, it was a theme of the conferenceto level up because I think that
you should never stop learning.
I think that being a mediocre is the worstthing, what you can do if you just stop,

(42:28):
if you start feeling, uh, convenient.
Uh, I think this is the, this isthe start of, uh, of like decade.
And with this, I, I was thinking thatI, I want to really encourage people to,
because I was, I was looking at myself,uh, when I was, uh, really new in Bitcoin.

(42:51):
I was listening like seven hoursof podcasts per day on speed,
1.1 0.6, and I was reading,uh, two, three books per month.
I was just swallowing it extremely.
And then I found myself in aposition when I, I felt confident
then I know quite a, quite a lot.

(43:12):
It was nothing.
But I felt, I felt like I, Iknow something about Bitcoin.
I went through this, uh, sheet coininterface and, uh, I start stacking.
I, I did all the things what are,like, recommended for being a Bitcoin,
and I recognized that I kind of stuckin the, uh, and I stopped learning.

(43:32):
Yeah.
So I kind of pushed myself to runthe notes and, uh, try multisignature
and do this more advanced stuff.
And then I felt great again.
So I wanted to, uh, encourage people,our attendees at BTC Prac to do the same.
Never stop really, uh, like putit in your calendar and do some,

(43:56):
uh, interesting and advance.
Think around Bitcoin every week,just grow, grow, grow, never stop.
And uh, and this was just the beginningof the idea, but then I, I kind of
connected it with the Malow pyramidof needs, which, uh, which, uh,

(44:17):
says that you have different levels.
The first is, uh, is basicneeds, uh, like, uh, like having
a full stomach and being warm.
The second one, I think is afriendship and, and, uh, and, and love.
The third one is, uh, self fulfillment.
Something what you, what you do.

(44:39):
Um, and, and you feel very good.
And, and, uh, and I think thefourth level, or, or maybe is the,
the last one is enlightenment.
And I think that Bitcoin givesyou opportunity to very quickly
skip the first two levels.
Uh, because, because, um, it wasn'tvery easy before with, with fiat

(45:03):
because you, you just had to spend alot of time working, working, working.
And most of the people don't like theirdaily job, so they never get to the
third level, which is self-fulfillment.
But with Bitcoin you can actually,uh, do whatever is needed and you
get the self-fulfillment in Bitcoin.

(45:26):
So you are, you are gettingthe third level, which was
very difficult to get before.
And that's why I call it level Uptechnology because it really, it really
gets you to the point where you wouldn't,uh, be able to get, uh, without it because
it's just the technology is so powerfulthat it, uh, it lifts you up, it elevates

(45:49):
you to different levels, and you can'treally imagine where it will get you
in few years and it teach you lessons,which would you never, uh, even imagine
you would, you would learn on the way.
Yeah, absolutely.
And, uh, I remember that thiswas in your talk in Buenos Aires.

(46:10):
We, we spent some time together in BuenosAires and got to know each other a little
better and had some great stake in stuff.
Uh, so, so that was great.
It resonated very well with me.
Like, uh, I really liked this, uh,Maslows, uh, uh, hierarchy of needs
and, and level up thought and what yousaid in the beginning that like, uh,
you, it, it ties together with likethe, the thing I view as the, like the

(46:32):
only threat to Bitcoin is complacency.
Like people.
Not caring anymore.
That's, that's, uh, how wecan't resist the next attack.
Like, we need to stay vigilant,stay updated, and stay hungry
for this thing to work.
So that's, that's the funny thingabout it, is like, it's the most
robust thing ever, but it's robustnessis totally depend, dependent

(46:55):
on us being robust as people.
Uh, so, so it's robust and fragileat the same time, but I, I would
still say it's super robust.
Uh.
Uh, some people say that Bitcoin,uh, should, ossify, should or should
not ossify, but I, I, I find thatfunny because there, there would

(47:16):
be no way to tell if it had, like,you can never know if Bitcoin is
going to change in the future.
Like the, you can tell that the likelihoodthat it will, will go down over time
as more and more people come on board.
But there's no way to actually objectivelysay that now it has, uh, ossified and
at some point we might find a criticalbug or something that needs to be

(47:37):
done that requires us to take actionand change the software in our nodes.
And, uh, if we don't do that, wemight be, uh, that might be dangerous.
So, so that's why I say that complacencyis the only, uh, enemy that Bitcoin has.
Uh, we need to stay vigilantand do, do our part.
Yeah, yeah, yeah, yeah.

(47:58):
And, uh, you know, it's, it's, uh,way over my pay grade to see, uh.
If there are some, some bugs in the code.
So I'm, I'm very happy that we have, uh,an army of developers, uh, and smart, uh,
huge brains who are watching Bitcoin everyday because in it's an open source system.

(48:24):
It's, it is without, without thisopen source, uh, technology, it
wouldn't be, it wouldn't be possible.
And that's, that's just another,another, uh, beautifully done
design from sat nakamoto.
It's, it's almost like, it, it, itcame from, from another planet that
it wouldn't, it, it, it's, it's sobeautifully done and designed and

(48:47):
everything is thinking through, butstill it's under the development.
Um, yeah.
It, it, it just, it just boils my brain.
And I, I, I love to thinkabout it, uh, every day.
Yeah, same here.
As you know, and, and, uh, I thinkwhat we're doing is like, we're,
we're, we're just being partof the division of labor here.

(49:09):
There are plenty of technical,uh, introverted people that want
to sit there and, and, uh, uh.
Verify everything for themselvesand be vigilant in that sense.
But I think my time is better spent, uh,you know, conviction deepening Bitcoiners.
Uh, some other guy might be betterat orange Peel than I am, but I think

(49:31):
I'm pretty good at, at writing stuffthat deepens people's conviction.
Your time is probably better spent,spent organizing the conference and
making the, making sure that peopleconnect with one another to make
these, uh, great connections andbusiness, uh, relationships happen.
Which is like what, what aconference is really for.

(49:52):
It it, it, it's like, uh, it like, Helps,helps the whole ecosystem, uh, grow,
um, and more connections to be found,uh, that, that cannot be found online,
but we need to do them in real life.
So, so I view it as, when I say I'mdoing my part, I don't necessarily

(50:14):
mean like checking, verifyingeverything on this in the chain.
I'm, I'm finding my position in theecosystem, and I mean, if you have Bitcoin
and if you use them, if you accept Bitcoinfor your goods and services, regardless
of what those goods and servicesare, you're already doing your part.
That's, that's the way I view it.

(50:35):
Uh, that's the most crucialthing except Bitcoin because no
one can do anything about that.
Yep, yep.
I agree with you.
Everyone can do his own part.
Just think what you are goodand apply a Bitcoin on it.
uh, let's go into B2C prog a bit more.
Can you tell me a bit moreabout, uh, B2C prog this year?

(50:56):
Do you have, uh, uh, like, uh, levelup was, uh, last year's catchphrase?
Is there catchphrase for this year?
And, uh, what can youtell me about the content?
How does this year's, uh, B2Cproduct differ from previous years?
Mm-hmm.
Yeah.
Um, so this year is about legitimization.

(51:17):
It's, we think that.
Really, it's about, uh, discovering whatis new in Bitcoin and how to leverage
this for upcoming, upcoming years.
How to position yourselfin, in upcoming bull market.
And pretty much how to use the technologyto empower yourself as an individual,

(51:43):
but also as a sovereign family.
'cause I really, uh, I like the, I likethe, um, the, the motto likes, I love
the book Sovereign individual, but Ithink that the, the smallest part is
not individual, but it's a family.
The, the smallest unit should be afamily, and I really think that this

(52:03):
resonates very well with Bitcoiners.
And that's, that's why we, we, we kindof will explore this more cultural,
uh, things also during BTC Prague.
And just to maybe summarize it, summarizethe umbrella, uh, umbrella term and, and
to give you more idea, what does it mean?

(52:24):
It, it pretty much meansthat we are lowering the bar.
Uh, it's not gonna be so hardcore likelast year, especially the business
day of the conference, becausewe are expecting many newcomers.
From the traditional world who arecoming for the money part of the
movement, and we want to give themthe things what they, they come for.

(52:47):
If you are a seasonal Bitcoin,you will still get some nuggets.
Gold, gold and, and diamonds, whichwill be thrown, uh, away by every
speaker because, um, when I talk tospeakers, I encourage them to come
up with some actionability and some,um, some, uh, maybe a prediction,

(53:10):
how to position for upcoming years.
Uh, it's the every talk supposed tobe interesting, but also actionable so
you can really take it Hmm, and startusing the very, uh, very same day.
Other than that, the, the, the conferencewill be held at the same place.

(53:33):
It's a huge area.
It, it can take up to 10,000 people.
So we think that this, this year we willbe absolutely full and, and, and sold out.
There will be 200, uh, plusspeakers from, uh, Michael Sailor
is coming for a third time in a row.
We will have, uh, sedine,ammos, um, uh, Larry Leopard,

(53:56):
um, uh, Alex Ky Nu with Luke.
Um, uh, uh, or from, from thenew names, uh, James Lavish.
Um, uh, let me open, letme open the webpage here.
You can, you can look at it.
Uh, Eric.
Similar, um, the, the, from the similarscientific, uh, the few other big guys

(54:20):
from, uh, from the corporate world, E Eve.
Um.
Samsung, Mao, uh, Charles ghi, uh,from from Ledger, Peter to Stefan,
Vera, Marty Mame, John Carvalho, allthe big names which are important,
uh, in a Bitcoin ecosystem.

(54:41):
And I think the very interestingnews for the program, for the main
stage is that we are coming with newformat, which is Oxford style debates.
We haven't been doing this, butthis is something very fresh and I'm
personally very much looking forwardto see two people on one side, uh,

(55:02):
fighting, arguing with two, two peopleon the second side with one moderator.
And they both have a very certain andprecise time to lay down the arguments
and the second side need to defend it.
And I've seen that, uh,life and it's, it's great.
It's, it's very entertaining.

(55:23):
But at the same time, because it'sfair, it's, it's also educational.
It's like the, uh, it's, it is likethe panel discussion for adults.
So we will have those, um, thosediscussions, those, those debates during
BTC brac, but only on the main stage.
So it's worth to spending some sets, um,to, to be there with, with others, to feel

(55:48):
the energy, to be very close, um, to thespeakers and to use the opportunity to
meet them in the, in the main conferencehall to, uh, to greet them after the
talk and ask them additional questions.
Because that's how, how, how youget most of it right after the
call, right after the talk, go andmeet them and ask them something.

(56:12):
And most of the speakers are very happyto, to talk and to expand, uh, the,
just the, the short period of time,what they have on the main stage.
It sounds fantastic, and I lovethose Oxford style debates.
One of my favorites, like from adecade back is Stephen Fry and the
Christopher Hitchens debating toreligious people if, if the Catholic

(56:36):
church is a, is a force for good or not.
I. Uh, that was a great debate.
Uh, so, so looking forward to that A lot.
You mentioned Safe,Idina Mo and Larry Lahar.
I mean, we will have a book corner,uh, which Luke and I are running a
booth there, and I, I believe SafeIin is running the other booth.
And there's like, uh, uh, a little booksigning, uh, corner where we, we'll

(57:01):
both have sessions, signing books.
Larry Lepard Will will have his book,uh, uh, in our booth and plenty of other
authors too, uh, including a handful ofcheck authors, uh, local authors, and, uh.
Other, other people too.
So, uh, so looking forward to that a lot.
Uh, there's a lot going on.

(57:22):
Uh, we will also, you mentioned MartyMaldi and Sam Mo, which are, I know,
uh, from, um, I heard through thegrapevine that they are musicians and
that, uh, which I happen to be too, andthat we might do something together.
So we'll, we'll seewhat that ends up being.
But, uh, as always, I lookforward to Prague a lot.
Uh, it's, it's just a great conferenceand a great city and, uh, this year I'm

(57:48):
bringing my family, so like, I'm lookingforward to, to, to showing them, uh, the
city and the conference and everything.
Uh, it's gonna be great.
Yeah.
Thank you for your current words.
Uh, yeah, I think I can, uh, Ican uh, really agree with you
that Prague is beautiful city.
It's very historical, and for thosewho didn't see it, it's a great

(58:10):
opportunity to come and extendthe state for few more days and
just, just go around the old city.
It's medieval, it's beautiful,it's full of proof of work.
It's, it's absolutely astonishing.
And it's also, Prague is still quitecost effective if you compare with
other big, uh, capitals in Europe.

(58:33):
Yes.
Uh, and I, I mean, it's also serves as aperfect, uh, um, visualizer of like what
the world was like on the gold standardand what it's like on a fiat standard,
because sometimes there's this beautiful400 year old building right next to a,
a fiat skyscraper that's just but ugly,and you can just see the problem there.

(58:57):
Uh, and, uh, no, it's, it's, as faras big cities go, uh, uh, progress,
uh, definitely a top three big, uh,big city metropolitan, big cities,
uh, in the world that I like.
So, so if you haven't been,you should absolutely go.
And by the way, thebeer is just next level.

(59:18):
It's better than anywhere else on earth.
Like no question about it.
Yeah, we, we are in the middle ofthe Europe, so we have, we have
great beer, but we have also greatwine and great heart, spirit.
We have everything what you can imaginefrom the good mix of, of Europe.
Yeah, and you have deaf administration,which we alluded to here in the

(59:38):
beginning, which is, uh, and wecan reveal what it is now after
the show has, uh, an hour in here.
Uh, and it's basically it'sthrowing bureaucrats and
politicians out the windows, right?
Yes, yes.
It's an act of, um, of, uh, of throwingout, um, the, the leaders of parliament

(01:00:00):
or let's say in, in, in and of some,uh, yeah, bureaucrats from the windows.
It happened three times inCzech Republic in past, oof.
600 years I would say.
So we are waiting for another one.
Yeah, and if you want to know moreabout that and more about the history
of Frog, you should check out ourinterview with your brother Martin.

(01:00:24):
Uh, which we did, uh, maybe six monthsback or something, uh, if I recall
I think it was even more
Even more, maybe nine months or something.
Yeah.
uh, it was sometime before lastBTC Pro, if I remember correctly.
So it's almost a
Oh yeah, yeah.
Almost a year now.
Yeah.
Yeah.
but for those who are curious, for thosewho are curious about the check history

(01:00:46):
and how it kind of fits, uh, and connectwith Bitcoin, we have published, um, a
Freedom ebook, uh, which is, uh, whichis free to download on our webpage,
and you can find a link on our Twitter.
And it's, it's quite interesting and,uh, short read and it, it gets you

(01:01:07):
through this like history, um, throughthese deaf administrations and, uh,
and some Sids wars up to the timewhen Bitcoin was, um, uh, discovered.
Uh, and, uh, and why thechecks have picked up so fast.
And it lead us until the, the timewhen we are, uh, where we are now.

(01:01:31):
No, I can, uh, definitelyrecommend downloading that ebook.
So have I done and I've, uh, uh,read through it and it's, it's
full of great material and it'salso very beautifully designed.
So, so I definitely recommend that.
And as we said before, use Code Infinityto, uh, get 10% off your ticket to Prague

(01:01:51):
and make sure you get your ass over there.
You're not gonna regret it.
Yeah.
it's fantastic.
You're not gonna regret it.
I, I am pretty sure about this.
Um, the satisfaction rate of BTC PROis, is just, uh, absolutely amazing.
And if you pay with Bitcoin while usingthe Infinity code, you get another 5% off.

(01:02:14):
So it's, it's better to just buy Bitcoinand pay with it, um, to, to have a
bigger discount and just come, uh, takeyour friends, uh, buy the tickets soon
because they are quickly disappearing,especially the, the cheapest one.
And if you bring them there, youcan be sure that they will fall

(01:02:35):
into this rabbit hole becausethe, the conviction which comes.
We seeing the whole conference, theexport and thousands of people, it's,
it's unmatchable, it, it just clicks.
So if you have problem to convincesomeone, um, maybe this is the time
to seduce them for a trip to Pragueand, and just bring them for one

(01:02:59):
day, for Saturday to, to this eventand, and your, your work is done.
Now, uh, yeah.
Great tip.
So, so where, what's the website?
This BT.
C prague.com, right?
Yes, the website is btc product.com.
We have also site event, uh,uh, dev Hack Day, which you

(01:03:22):
can find on our main webpage.
If you are, if you are, uh, reallyinterested about the edge of the
technology, you should apply for thisone day conference before BTC product.
So it's 18th of June and if you arereally into big money and corporate
word, we have just launched ourBCD, which is Bitcoin Corporate Day.

(01:03:46):
And there's just one day site event,uh, for selected 210 individuals.
And this is just a topnotchnetworking during BTC product.
So you can also check thatout, bitcoin corporate day.com.
Which day is the Bitcoin Corporate day?
It is, it's on Friday, it's 20th ofJune, so that means that you just

(01:04:09):
skip one day from BTC proc and youspend the day in a different venue.
Um, but you, you can, you can still,uh, meet others during the evening.
All right.
That sounds awesome.
And, uh, yeah, I, I guess B2C progwill return next year as well.
Uh.
yeah, for sure.

(01:04:29):
It's, uh, it's, it's a tradition.
I don't see why we should stop it.
Everyone.
Everyone's love it.
Uh, we really like to organize it.
It's a lot of fun.
And, and we have some, some other, otherplans for future, but maybe we will
just keep this for, for our next time.

(01:04:50):
Yes, I may or may know, uh,something about this, but if I say
anything, you will have to kill me.
So, so I'll, I'll avoid that for now.
Uh, but there is more to come.
Be sure of that.
Uh, so where can peoplefind you on online, Mathias?
Like what's your
So, yeah, I'm on Twitter.

(01:05:11):
I think if you just type myname, uh, you'll find me, or
the handle is Mathias 44 Cook.
Um, I'm on, I'm onTwitter, I'm on LinkedIn.
Um, if you, if you want to reach outwith any proposal or some recommendation,
uh, for a program, please sendan email to hello@btcproduct.com.

(01:05:32):
It'll get to me and I will be happy to,uh, to chat and, and, and to answer.
Fantastic.
So thank you very much for comingonto the show and, uh, uh, looking
forward a lot to B2C Prague.
Uh, looking forward to seeing both you andMartin there and, and having tons of fun.

(01:05:53):
So, till then, take care.
Thank bye.
This has been the Bitcoin Infinity Show.
Thanks for listening.
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