 I was actually surprised when I last summer went to Spain, Malaga. And in the shopping center there was an ATM machine and it said get your Bitcoin here or get your money here for Bitcoin. What did they actually give you? I didn't try. I didn't have any, so I couldn't try. So what the Bitcoin ATMs do is you hold up your smartphone device, which has a Bitcoin wallet, and it displays an address that can receive Bitcoin. You show that to the ATM, and you put in some dirty old paper money, and it spits Bitcoin to your smartphone. Done pretty straightforward. The best part of it is that the system is inherently secure because the ATM only knows how to send you money. Just like if someone has your email address, that doesn't mean they can read your email. That only means they can send you email. So a similar principle to that. And it works the other way around as well? Usually in most countries it doesn't. And part of the reason for that is that governments are terrified of the idea of creating a two-way network, where you can change from Bitcoin and back very easily. So as a result, most of these devices are characterized as vending machines that sell you magic internet money. That's fantastic. But it's often described as maybe the big problem with Bitcoin is that if you were cashed in early and you have a lot of Bitcoin, you might be a millionaire today in Bitcoin money. But where can you spend it? How can you get dirty old paper money with your Bitcoin? Because there's a lot of banks that won't give you the old money for it, and like you said, they usually will only go one way. So am I just going to hoard all this Bitcoin until I feel like a millionaire? But are we going to see a big change there soon? Well, when I first got into Bitcoin, it was actually very difficult to buy anything. The first thing I bought was a pound of coffee beans, which I bought from a small store somewhere in the United States. Based on my latest calculation, I paid $12,000 for a pound of coffee. Must have been some good coffee. Nevertheless, those early moves help us build an economy. A lot of people think of Bitcoin as something you buy and then sell or invest in. That's the wrong way to think about it. I don't buy Bitcoin. I haven't bought Bitcoin since 2013. I earned Bitcoin. I got paid Bitcoin to come here. I get paid Bitcoin to do all of my work. It's my primary source of income. All of my contractors get paid in Bitcoin. All of my employees get paid in Bitcoin. For example, this morning I sent my video that I recorded yesterday, pretty much similar to what we're doing here today. They're in the Philippines. I sent them a Bitcoin payment, which arrived in their bank account 25 minutes later. You cannot do that with traditional banking. My contractor doesn't know that I'm using Bitcoin. In this particular case, they received Filipino pesos, but that's not a problem. After a while, they pick up on what's happening. Can you just send me Bitcoin directly? The whole conversation changes. We're creating a closed economy where you can buy and sell things directly. Bitcoin flights, hotels, things from Amazon, that's easy. Eventually, you have to think of Bitcoin a bit like foreign currency. If you're on the internet as a tourist, you use Bitcoin. If you're in Sweden, you use crowns. When you go on vacation to the internet or you want to buy something there, having a bit of Bitcoin serves you well. Of course, there are many others, and you may find lots of different options.