1 00:00:00,000 --> 00:00:05,000 We're here with Paul Sztorc at the Bitcoin 2019 conference. 2 00:00:05,000 --> 00:00:07,000 Paul, how are you doing? 3 00:00:07,000 --> 00:00:08,000 I'm doing great. 4 00:00:08,000 --> 00:00:12,000 What got you first interested in BTC? 5 00:00:12,000 --> 00:00:14,000 Let me think. 6 00:00:14,000 --> 00:00:19,000 Well, I think it was the Silk Road, the article about Silk Road in Wired or whatever it was. 7 00:00:19,000 --> 00:00:29,000 And I thought like, well, you know, if you've got a bunch of people who are like drug addicts can get this to work without cheating it, it must be solid. 8 00:00:29,000 --> 00:00:32,000 And that was back in, what was that, 2011, I think. 9 00:00:32,000 --> 00:00:36,000 And I was like, oh, why can't these people use a credit card? 10 00:00:36,000 --> 00:00:40,000 And then I was like, oh, yeah, because your name and your address is in there. 11 00:00:40,000 --> 00:00:43,000 So that was kind of the spark. 12 00:00:43,000 --> 00:00:46,000 And then I looked into it more on the forums. 13 00:00:46,000 --> 00:00:49,000 And I kind of thought, oh, this isn't like some scam. 14 00:00:49,000 --> 00:00:51,000 This is like a real project with like people behind it. 15 00:00:51,000 --> 00:00:54,000 So that was kind of the story in very broad strokes. 16 00:00:54,000 --> 00:00:56,000 But it really was that Wired article. 17 00:00:56,000 --> 00:00:57,000 I kind of finished it. 18 00:00:57,000 --> 00:00:59,000 I finished reading the Wired article about Silk Road. 19 00:00:59,000 --> 00:01:04,000 And I was like, this is going to be used for every illegal transaction in the world. 20 00:01:04,000 --> 00:01:08,000 And then I was like, and it can also be used for every legal transaction in the world. 21 00:01:08,000 --> 00:01:11,000 And I was like, well, that's just, you know, that's just how that's going to go down. 22 00:01:11,000 --> 00:01:13,000 So it kind of all clicked into place. 23 00:01:13,000 --> 00:01:19,000 I literally just, I really owe whoever wrote that article a favor or something. 24 00:01:19,000 --> 00:01:28,000 Are you aware that in 2017 the developers of the Bitcoin Core software changed the rules of Bitcoin 25 00:01:28,000 --> 00:01:32,000 so that it no longer follows the white paper? 26 00:01:32,000 --> 00:01:38,000 Well, I'm not sure completely that I'm aware of that. 27 00:01:38,000 --> 00:01:41,000 But I know they did change the rules to add SegWit. 28 00:01:41,000 --> 00:01:47,000 So the protocol did change from 0.14 to 0.15. 29 00:01:47,000 --> 00:01:49,000 I don't know. I can't remember my versions right now. 30 00:01:49,000 --> 00:01:54,000 Well, what do you think of people saying that BTC is Bitcoin now? 31 00:01:54,000 --> 00:02:01,000 I think in general they're correct because the definitions of words are socially determined in my view. 32 00:02:01,000 --> 00:02:07,000 And when you have BTC as the market cap leader consistently, 33 00:02:07,000 --> 00:02:11,000 basically like for 100% of the consecutive days of the dispute. 34 00:02:12,000 --> 00:02:19,000 And in general, the vernacular people use, more people use BTC to refer to Bitcoin. 35 00:02:19,000 --> 00:02:22,000 And so that's kind of what I think. 36 00:02:22,000 --> 00:02:25,000 I just kind of think that's the way we use words, right? 37 00:02:25,000 --> 00:02:29,000 When you go to a different country, you can't just tell them that their word. 38 00:02:29,000 --> 00:02:35,000 You can't go to Germany and say when they say nine, they have to use it to refer to a quantity of nine. 39 00:02:35,000 --> 00:02:38,000 When to them it means no, you have to use their word. 40 00:02:38,000 --> 00:02:46,000 So your word languages are a theory about what other people, symbols that other people have mapped to concepts. 41 00:02:46,000 --> 00:02:49,000 So you have to guess what the audience is doing, I think. 42 00:02:49,000 --> 00:02:58,000 But do you think that people buying BTC now believe that it has the properties of Bitcoin as described in the white paper? 43 00:02:58,000 --> 00:03:05,000 I would say probably. I think so. 44 00:03:05,000 --> 00:03:12,000 I think so. I mean, they may. Who knows how much research people do before they. 45 00:03:12,000 --> 00:03:15,000 I'm not actually sure what people know when they buy Bitcoin. 46 00:03:15,000 --> 00:03:17,000 That would be an interesting project to look into that. 47 00:03:17,000 --> 00:03:22,000 They may not know very much. They may know some. 48 00:03:22,000 --> 00:03:28,000 Well, can I onboard you to the real Bitcoin BSV now? 49 00:03:28,000 --> 00:03:32,000 OK, we'll get. Do you have an Android phone? OK. 50 00:03:32,000 --> 00:03:38,000 I want you to go to the App Store and get get hand cash. 51 00:03:38,000 --> 00:03:50,000 Yeah. I'm going to show you show you the power of zero conf and handles. 52 00:03:50,000 --> 00:03:54,000 Yeah. Yes. 53 00:03:54,000 --> 00:03:58,000 Someone was telling me to get a handle. Someone was multiple people told me to get handles. 54 00:03:58,000 --> 00:04:10,000 Yeah. OK, well, now you're going to you're going to get one. 55 00:04:10,000 --> 00:04:15,000 So I actually own a lot of BSV, you know, through the logic of forks. 56 00:04:15,000 --> 00:04:19,000 Well, yeah. Well, now you can now you have some you can spend. 57 00:04:19,000 --> 00:04:27,000 All right. Well. Yeah. 58 00:04:27,000 --> 00:04:34,000 Yeah. Do it. Do whatever you want. Here we go. 59 00:04:34,000 --> 00:04:37,000 OK, what's your handle? Yes. 60 00:04:38,000 --> 00:04:45,000 Classic. Oh, yeah, that's it. 61 00:04:45,000 --> 00:04:57,000 OK, I just sent you one dollar and 13 cents in BSV. 62 00:04:57,000 --> 00:05:02,000 Well, congratulations. Now you are free of the BTC scam. 63 00:05:02,000 --> 00:05:05,000 That's all it takes. How are you? How do you feel? 64 00:05:05,000 --> 00:05:10,000 I feel great. I feel mostly the same the way I felt a couple of seconds ago, but I do feel a little better, I think. 65 00:05:10,000 --> 00:05:15,000 OK, glad to hear it. And it's good to see you today. Any final thoughts? 66 00:05:15,000 --> 00:05:21,000 I don't know. Long Bitcoin, short the bankers. I don't know. 67 00:05:21,000 --> 00:05:23,000 OK, thank you.