 Today's episode of the Bitcoin show is brought to you by mount cox m t g o x.com and bit pay bit i t dash p a y.com and mezz a grill m e z e grill.com and cable sorus.com and Bitbrew net Hello, everyone and welcome to the Bitcoin show today. We are doing something so exciting This is the actual opening of the Bitcoin conference and no this is not just any Bitcoin conference This is the world's first Bitcoin conference and world expo New York City 2001 and we just launched it today. Some people got in on Wednesday. Some people got in last night we were partying till the wee hours last night and today Crepes this morning, but today it officially launched at noon And so everybody arrived and the only one TV studio is crawling with Bitcoin geeks Like you just can't imagine these freaky people just converging on one location so anyway, we decided to do a live show real quick and Introduce some of these freaky people that have Descended upon us now. They're wonderful people and So we're going to give each person just a few minutes to introduce themselves Tell them tell us where they're from and why they're here and and how they discovered Bitcoin in their life story in three minutes Or less so joining me first is tell us who you are Ira Miller founder of bit munchies.com and the CTO co-founder of BT cinch comm bit munchies and BT cinch BT cinch That's right and bit munchies is basically the grocery store for Bitcoin the grocery store the store for all your staples Whatever you need Okay, we aim to anyway. It sounds like there's some competition in the works here. Oh boy. Yeah It's all good keeps us on our toes and and then BT cinch tell us about that because that's the new thing BT cinch is as new we are signing up merchants for our merchant services program At the conference here. We're in the end merchant services in addition to a full wallet full online wallet service Okay, so it's an e-wallet and merchant services, which we think allows us to one one or two key things the instant transactions Obviously, both are on the same side then clears instantly accepting dollars or bitcoins are both Accepting Bitcoin accepting bitcoins and then paying the merchant and dollars or bitcoins are both Whatever they want they get to choose what they want when they convert it they can convert it all instantly 50% Oh, I remember now. Yeah, cuz you can set the percentages so I can accept Bitcoin and then I can say I want 70% Dollars and 30% of Bitcoin you can set that and it happens Instantaneously as soon as you receive it so a merchant doesn't have to have any market exposure. That's cool I got a suggestion for you because this is something I've been meaning to talk about but I don't get on TV much So I one of the new wallet services has this feature and I thought wow that is so cool Every wallet service should do this you listening every wallet service should do this are you listening here's what it was If you have bitcoins in your in your online wallet You should be able to select how many you keep in offline cold storage and how many you keep immediately available So if it's offline I could say I want all my or say I want 90% of my bitcoins offline cold storage That means I don't necessarily have instant access to it I might have to give them three days notice to withdraw them, but they're offline. So if the thing gets hacked I get mine back Yeah, I like that. That's really smart, right? We are actually working on something very very similar to that I didn't know that I really didn't know that We're a camera one so we can oh we are here. Okay. Let me see We're just waiting for the servers to get here and we'll have implemented the servers servers So we need a few servers for this. Oh my god. That's we got to have online one offline ones So I'll be able to control hot what percentage of my coins are offline in cold storage. Yeah, so even if you get hacked I get mine first. Yeah, okay. Cool. I love it. All right. We're like that part It was my idea. I want to commission now. I'm kidding That wasn't really my idea But I think it's a really good idea that I just heard recently and I think every while it should do that because like why not Because like the only reason to keep everything online is so that people can make instant withdraws But if I know it's in cold storage and I don't care about waiting three days to get it out I want it secure then, you know, there's absolutely no reason not to do that Yeah, and then the people that want immediate access they're gonna take the risk of having it live online It makes sense. Yeah, and it takes you off the hook too because you know like yeah, hey, it's on you exactly We've actually got three levels. We've got an intermediary level where it's not connected to the the server It's an offline wallet, but it's still you can access your funds a little more quickly So it's BTC INCH.com. So it's BTC inch But it's BTC inch. I know Either way it looks it works cool. So that's gonna be bigger than bit munchies. Oh, yeah, we hope so We've got some plans to grow bit munchies into other Goods as well. Oh, yeah, look out. Here comes the competition. All right. Cool. Well, thanks so much Is there anything else you wanted to leave the the Bitcoin world with any other any other breaking news or breaking news Is this conference? I'm all right, you know when you said it's packed You didn't you didn't do it justice. It is absolutely packed to the walls here And we got what three times many people showing up tomorrow. I don't know don't hold me to it I don't know probably right many how many yeah three times as many at least yeah Who knows a lot of people can't make it today and that are definitely coming tomorrow for sure Well, we're excited to be here and thanks for having us. All right. Thank you. Thank you. Hey Okay, so this is like reality go if you would just watch this stuff and then Shackle mic up the next person. We're doing it really yeah, go ahead and switch to camera, too We're definitely doing this in reality show mode. So We're gonna do we're gonna interview each person one by one and make our way through the crowds. So, okay. Hello Nice to see you. What's your name? Alex Thornton cool. All right. I'm writing a book right now intensively entitled Bitcoin billionaire It's gonna take a lot of the free information that's out there Combined with my own opinion and analysis and then Just put it out there in a book form so people can learn more about Bitcoin Bitcoin hang on one sec Do you have a good audio for him? Okay, good. We're gonna switch mics. Okay, cool I'm sorry. So it's Bitcoin billionaire or millionaire billionaire. Yeah, better be billionaire a lot of people already millionaires I think it sounds having seat. Well, I mean like when it hit $30 it was more like Happening more often, but I think that people were having secret millionaire parties They were telly people but like secretly the parties like guess what? I'm a billionaire, you know But now how long is it gonna be before we have Bitcoin billionaires? Um, I think as soon as a year we could have the first billionaires now They may be the early minors, so they could be choose to be anonymous if they want to yeah, who is Satoshi? Unfortunately, I don't know. He's probably a Bitcoin billionaire No, not yet, but of course the economy is not big enough. You might be the first though You could go. Yeah, I he would have to be right. How could he not be? How many bitcoins does he have? I don't know that I wasn't able to find that information You got a research of this stuff. So so you're writing this book So how long is it gonna be before we get it? We can buy it pretty soon. I've been working on it for seven weeks I have about 110 pages written My goal is either to put publish as an ebook either when it hits 200 pages or when the price sits $30 again So I can kind of ride that the coattails of Bitcoin price going up and then after I Printed as an ebook. I'll probably get a lot of feedback from people and then finally print it as a Paperback through Amazon. They bought a company called creative space Which allows you to print your book as a paperback on demand. So instead in the old days you had to Buy five to ten thousand copies of books stored in a garage and pedaled them one by one This way you can put it up on Amazon and anybody can yeah buy it one at a time And they'll print it for you slick and Bitcoin is such a hot topic I know there are a lot of people being contacted to write books and about all the different aspects Yeah, people are just hungry for knowledge. Exactly. Exactly. Well, great. Congratulations. Thanks for coming. Really really appreciate it All right See you tomorrow Hello So tell us your name and where you're from and what's what you're about my name is Martin I'm from Long Island, which is about an hour and a half away. Yeah, luckily for me I Took the train in even to fly anywhere. I actually drove to my friend's home who lives in Queens and I have a train here Perfect. I don't really have a specific message, but I was kind of thinking that it's interesting that Ultimately what will determine bitcoins fate is the community behind Bitcoin? Yeah, you know, it's not really the monetary policies It's it's none of that. It's the people behind Bitcoin. Yeah, if there's enough driving force To develop all the projects to make it work the way people wanted to work I think that'll be fantastic. Yeah, it's quite a bright future and I'm feeling very pumped by all the people around here. Mm-hmm a lot of great ideas flowing around energy Yeah, it's so exciting, right? Yeah, I know and then and you know, I always say Bitcoin is the people's money I know that sounds like very like communist or something, but it's not it really is about the people the people and there's nothing wrong with that It's a it's a wonderful beautiful thing. It's just so exciting. It's the exciting thing the most exciting thing since the internet itself Yeah, well, thanks for coming in so so great. Great to meet you. We'll see you tomorrow. It's not later tonight We're going out for drinks later for sure Hey Good good good. Tell us your name. We got good mics, right? You can hear. Okay. Good. Okay. So what's your name? Travelle Perkins from Boston. Cool and I've been in Bitcoin for a couple of years A couple months now. I'm a minor. My wife hates it The electric bill. The noise. Oh, is it really loud? I have two like like two really big monster machines So is the fans that make the noise? Fans. Yeah, the fans like the blower the blower style What's your electric bill? The big well, we had that heat wave thing So it's hard to tell us the air conditioner or the big but it's in a combination of the two On the air, you know about a hundred bucks like that. That's not bad. Geez cheap. I'm like you feel like eight hundred dollars here Oh, right. Well, just we get the whole floor, but still right, right? But yeah, how many what do they call it giga hashes? That's what they measure it in right giga hashes Yeah, how many are you at some like three something giga hashes? That's three more than I have That's pretty cool. Yeah, so how have you generated a lot of bitcoins. How long you've been doing it? I have about a hundred some odd plus bitcoins. Yeah. Yeah, that's cool. That's too bad Get your bitcoins back. I did give them back. Yeah, I said that in the last episode Yeah, I wasn't gonna announce it until all my friends got theirs back But they have not gotten all their back all this back and apparently they've stopped refunding as far as I can tell as Of last Thursday at 10 o'clock the last known claim that I know that actually got it back So apparently they're re-nigging on even this 49% back. So I wasn't about to You know, give them the publicity that I got mine back and it's all good because it's not all good But anyway, I think the community at large the The business community at large is very like my with my guts did with the polls all that but anyway Just a quick announcement in terms of what I'm working on. I have a Project called the BTC alarm. You can go there now It's kind of behind the covers is sort of like a SMS Solution for Bitcoin businesses to set out alerts pay in Bitcoin. So there's what is it? What is it alert gonna alert me to? To you just found the block. You just got paid out from BTC guild or from deep bit Your trade on Mt. Gox just cleared all kinds of things you put all kinds of different events in it It'll SMS you know this SMS you and Everybody pays in Bitcoin. What about like Like a merchant that just accepts Bitcoin through a plain old address Can it just SMS them to say you just received in the blockchain? You just received 13 dollar 13.86 Bitcoin, right? Oh, so a merchant could you actually use this with a plain old Bitcoin address to say being we just got your payment? Exactly, you can go use the self-serve fountain drinks or whatever. Exactly. Okay. That's cool. That's cool. Congratulations. That's exciting Yeah, it was great. All right. Yep. You know absolutely, but we'll hang out more later Hi, how are you doing? Hi, thanks What's your name? So my name is Manny Rosenfeld. I'm from Israel and I'm currently Trying to be active in developing the Bitcoin community in Israel So I'm trying to organize meetups and I'm also running a business called Bitcoin for exchanging Bitcoins in Israel because I think that for bootstrapping Bitcoin it's very important to be able to buy and sell For a fired currency, which is much more popular and right now it's Very difficult to do this. I mean, I may be in the US It's a bit easier though. It's also a little bit easier. Yeah, but but in Israel if someone Wants to have a place where they can just go and buy Bitcoins Then it would have to be one of the big exchanges and then doing their wire times for international They can cost some 40 dollars in fees and it's very difficult to be hassle Even here it's a big hassle still but it's things are fixing. So it's I see your shirt It's bit coil like Bitcoin with an L. It's a bit of a cut Israel. Yeah, Bitcoin.co.al Bitcoin, yeah, it's a pun Bitcoin, but CIL. So okay, so what's the website? The URL for the website is bitcoil.co.al Bitcoil.co.al. Yes, got it. Okay, and then that's is that that's an exchange site already It's not it's not a marketing change. It's not like MTGOK It's just a service where people just can buy and sell. Okay, so you're just doing it for them And you're buying you're acting a dealer or trader to buy and sell for people. Yeah, cool And what are the fees like? Well, let's say Skycrate is based on a bit of a 2.5% fee It varies depending on the conditions. So people local people in Israel can buy and sell now What how do they have to meet you in person or Bank transfers Is that easy in Israel? It's it's fairly easy. Yes I mean most most people I mean if you've never done before you need to contact your back to bank about it But once you do it's fairly easy. You all banks have an online system You can just do it it costs less than a dollar in fees and you go about the rates Oh, sorry, you go by the Mt. Gox last rate. Is that what you use? I'm going by the trade in the rates right now, but yes, so one of the okay, and then Is there a large or a small community Bitcoin community in Israel right now? It's pretty small and working on trying to grow it both Bitcoin in general and trying to market my own business You came all the way to New York to do this is great. So are you in Tel Aviv? I Know I happen to live in Chadera, which is near Tel Aviv But I don't have a physical location for this business. I just go from my home. Yeah, cool. Cool. Welcome. That's very exciting I love what you're doing over there. That's fantastic. Thank you. Thank you. All right Hey, how are you doing? Good to see you last time I saw you you were like over here Yeah, exactly the wall you match the wall to your back. Yeah, it's a little different. Yeah, exactly Harmonizing with you terrific. So what's going on with? exchangebitcoins.com exchange exchange be exchange be yeah, what's going on our latest stuff? We've got you know our two-factor authentication that is free and Instant what's the second factor? Is it physical or it's actually using an app on your cell phone? Okay, you could also use something a command line client if you want But you can download an app for Android an app for iPhone That app will generate a key. We save that key We save also a pin and that's the only time that information ever has to travel and After that anytime you want to generate OTP you just type in your pin Hit okay, and it gives you you just add that to your password and is that the same app that trade-hills using or is it a no, it's a different one and one nice thing about our our Solution is that it doesn't require a third-party service. So you can go ahead and download the app set up the two-factor authentication on our site within about five minutes and Is it an open source app or something? Yeah, it's called mobile OTP Oh, and actually I would encourage others to to use it if they're looking for two-factor authentication That's cool because it's actually pretty nice little system secure open source is all we're all about that And it's not even there's not even a centralized entity that that's really nice We store some information your phone store some information now if you lose your key and you have OTP We've got a process to recover We're probably gonna give you a call Or or at least verify with you know and there's and another side benefit is that there's no fees and all fees No fees no shipping anything. We don't have to buy anything So it was you know, we looked at a lot of solutions and that's a great option It's working out well so far haven't done any inventory on how many people are using it yet, but we liked it so much You can't tell how many people are using it. Oh, we could. Oh, but we haven't done that. I haven't done it We're busy. We're busy. We're busy and plenty of things. So our other thing which is bigger I think is that we are accepting cash deposits. Yeah, check deposits. Yeah, we talked about that We talked about it. Yeah, and and that's been going well So so basically if you want to buy bitcoins today or maybe tomorrow You can go and deposit cash or check at one of our partner banks Because we were talking about actually a lot of people come into the conference and we're charging $26 worth of Bitcoin. Yes, and they're like, can I pay cash at the door? I'm like, okay Well, finally, I had to say yes because people are coming from Africa or whatever They can't buy bitcoins in Africa yet. So I said, okay fine Well, I mean Manny's gonna be out there with his his phone like trying to like scalp some bitcoins out there Head of the line, you know Capital capitalism sure, but you can also go to Well any Wells Fargo branch Wells Fargo and what's the other one or chase or chase Wells Fargo or chase? That's every bank in the whole city. I stopped by the hotel this morning. There's a Wells Fargo across the street Yeah, this one right here too. They're everywhere. They're everywhere and chase is even more in Manhattan Yeah, so anyway, obviously you can find those and they but they have to go they have to arrange that with you on the site Advance it or that's right. You do a reservation So you're gonna tell us how much money you want to deposit and then we'll say okay We might Decrement it by a penny or two pennies or something just to make sure it's a unique amount Then you do the deposit you take a picture and email. That's the picture of your receipt Mm-hmm, and then we can match that up with the transaction and we can find your account I just that's not manual. Is that a lot of work you have to go through for now? It's it's fairly manual, but the response has been good not overwhelming But but good and and growing so once you really get ramped up where it's too much you can hire a remote assistant in Uzbekistan and pay them in Bitcoin and I Have a remote assistant in them again Uzbekistan really and one in Mansoura, Egypt. Mm-hmm. Hey Mohammed and I bet hey They work here. Yeah, but via Skype and they could do that They could look at a picture and verify it and do things like that Yeah, there's and also there's some ways to connect to bank accounts that are like like what you can do with quick end Yeah, so you can do that sort of stuff. Yeah in a professional capacity Maybe you could do like like the the cents like it's a thousand dollars and four cents So you'd like you give the two digit code as an extra. Well, what we are doing is this one person makes a reservation for a hundred bucks The second person comes along for the same bank a hundred bucks. It's gonna be ninety nine ninety nine and we'll credit you the Dollars minus a one percent fee. So we're charging one percent fee for cash deposit With a one dollar minimum on the fee. So if you deposit fifty, okay, it's forty nine going in But this is reasonable. This is today, you know one percent fee and then then in the exchange fees You're going trade. Yeah, that's a separate one percent. That's not much I mean if you wire something for the time I mean I've just watched a video the other day that was somebody saying how how much they like this feature because there were times They wanted to get in to the market right now. What could they do? Yeah, yeah, then a choice Duala way a week Yeah Pretty happy about that feature. That's gonna be very very cool. Thank you. Thank you for coming. Can't wait We'll hang out more later Tell us your name and where you're from My name is Matt Sandrickson, I am from Sweden. I flew in yesterday and I thought I'm you know, I wasn't sure is it gonna be the big as big as it turns out to be I would didn't want to take any chances. So right here. I am great Yeah, you came it you flew all the way in from Sweden. Yeah, I'm a software programmer for about 25 years Mm-hmm, and I've been lately interested in the cryptography and peer-to-peer networks and stuff My free time and then suddenly I bumped into Bitcoin October and I thought, you know, wow, are you developing or you mining or just I try mining a little bit But that's no that I'm exploring ideas with some friends. So, you know trying to figure out a good startup development projects Oh start up. Yeah, so many but this is that this is a hotbed of ideas Like everybody's throwing around ideas and even capital and this is available and things like that Yeah, you know, I figured out a good quote from from a healthy in the the film 2001 Space Odyssey. Yeah, you know, there is there is this well, there's suddenly there is this quote Oh my god, it's full of stars. You can be watched into this and that's what I figured to figure out too Suddenly you can start programming with your own money Yeah, and it's only been banks that being allowed to do that before and suddenly anyone can do that Everyone can you can be a bank? Yeah, a little bit a little bit dangerous, too Because it's like the wild wild west you got wild cat banks, but still of course. Yeah, that's the fun of it Yeah, and you know, I think for a while It seems like the Bitcoin economy is inventing the same kind of things that exist in them like normal money Mm-hmm, but I think you know in the year or so I think lots of it's going to be exploding You know really cool stuff around Bitcoin. Yes a year or so. What are you talking about? It's happening in a week or so Bitcoin time We're saying a day is a week and a week is a month and a year I mean a month in Bitcoin time is like a year if you missed like I actually had a phone call from some guy And he's talking about I was talking about the price of Bitcoin. I'm like it's gone up so much And he's like what do you mean? I said how much was a Bitcoin last time we met at our meet-up or whatever? He said I think it was 23 cents. I'm like, you haven't seen the price So where have you been? Oh my gosh. Yeah, things change so freaking fast. Yeah, it's like Amazing amazing. It's putting everything on a different scale of time. I don't even give it a year I think it's gonna really literally it's gonna be absolutely as pervasive as Mastercard visa in less than 12 months Less than 12 months. I really do that's that's what I my prediction is. I'm pulling out of thin air You know based on nothing. There is a lot of software around normal money too And so Bitcoin has a lot of catching up Yeah, but these same minds are behind it and they're even more enthusiastic about it They're not just you know on the payroll of a big bank. They're actually really excited about it And they're developing it nights and weekends and probably even on the job when the boss isn't looking they're looking They're so invested in it. They're only emotionally spiritually philosophically and Monetarily they're invested in it in every way the smartest minds on the planet. So exciting. Well, welcome. All right You came a long way to be here. So happy that you that you joined us Hello, how you doing? What's your name? Brian. Nice to meet you. Where are you from? I'm from Philadelphia. I'm originally from DC, but I uh came up from Philadelphia Yeah, okay. Cool. Cool. And you I remember now we you were telling me you're you want to start a meet-up in Philadelphia and get the Philadelphia, do you know anything about Meetups or a bitcoin community evolving in Philadelphia yet? It's sort of coming about from both the like startup sort of Programmer hacker community and and it's also coming from the libertarian community in Philadelphia has a pretty extensive libertarian community It's birthplace of our country, you know Yeah, what's a big city and I think that there are there probably lots of people in it. They just haven't met each other So that's why yeah, we were talking before I said I was encouraging you to go ahead and do the meetup.com for Philadelphia You know, I'll give you the seed money if you need it But you can start that meetup because it's like magic when we started the meetup in New York It's like boom, you know 30 people and every time it's a different 30 people because they just get so excited and they launch all these We launched the hackathon and the promotathon and now the legal think tank and his information So you'll see if you do a meetup It's like it's just going to explode because that's what people need They just need a focal point to come together because they're already there. They just don't know each other So that's really exciting. How can they get a hold of you if they're in Philadelphia? How can they get a hold of you to um to be get involved? Uh, let's see, uh, you want to give out your email address to the whole world? Probably not I think it was uh, but I Okay, just write to me if you're in Philadelphia, write to me and I'll forward the mail to you Or look on meetup.com and there will probably be by the time this airs a meetup group Oh that gives you like about 30 minutes. So we're gonna get to work Well, thanks for joining us. Thanks for being here. All right Hey good good good Nice to meet you. Yeah, we got you have to sit on his lap We're welcome guys. How you doing today? Good. Tell us your names and where you're from. My name is uh, Justin Weeks I'm from uh, bitcoin solutions. Mm-hmm. And I'm David Blum also bitcoin solutions. Cool. And you guys are in Long Island, right? Yes, we're located in Long Island, New York. Cool. Cool. Cool. So tell us what's bitcoin solutions? Bitcoin solutions is a conglomerated situation We want to open up a whole range of product offerings So somebody has a one-stop solution to get into the bitcoin community Right now we have a merchant services solution Which we're currently working on along with pls integration for retail establishments who wish to Accept bitcoins and the ability for them to either get cash At the current market exchange rate or as well the ability to get bitcoins if they want to keep on the bitcoin network And not keeping just a general situation and how are you going to do that like are you going to like um Partner with an exchange or have your own exchange or we're also going to have our own exchange Like I said, it's going to be a one-stop solution. We currently eat our own dog food As far as api integration is concerned. We run a bitcoin cash out dot com And we do most of our testing on bitcoin cash out dot com And we offer prepaid credit cards for sales so people can cash out of the bitcoin community We have another service launching bitcoin buy-in dot com Which will allow you to purchase bitcoins through credit cards check wire transfers Bitcoin buying bitcoin buy-in a buy-in. That's correct. Okay dot com. Okay. Okay. And that's another service We're launching. We're also going to have a zero knowledge wallet service Which allows you to have bitcoins on an online wallet But not give away your private keys using a nice Little bit of cryptography so we can't spend your coins. You don't have to trust us. We're not asking you to To trust us. We're just going to be providing that service So you can have very easy access along with merchant services integration even if they're not technical Like how do I get my private keys to you when I want to spend it even if they're not technical They'll be able to generate private keys in a javascript environment And you can actually inspect the code and to make sure we're not doing anything funky And we're not getting your private keys and you can keep your public keys so we can offer you the merchant services solutions Smart see so you think that bitcoin's coming to point of sale like everybody's doing bitcoin point of sale And secure wallets. Do you think it's coming? It's everybody's working on this great The best minds on the planet are on this and it's so so exciting, right? And there's and you don't have to worry about competition because you know what there's enough merchants out there That you know how many you know any merchant processing companies there are the new mastercard visa alone There you could have a million of them and they all are very prosperous So congratulations. That's very exciting and we're neighbors. You better make not make yourself scarce You got to come in and you'll see you'll see us at the meet-up. So definitely. Thank you. All right. Thanks again See you tomorrow Actually, let me take a break really quick You can come on in but I want to thank our sponsors really quick because of course if it weren't for our sponsors, we wouldn't be here and you know who they are mount gox is the They the leader in the the largest exchange in the world for bitcoins and they now take euros and Great Britain prounds and australian dollars and canadian dollars and Euros with their acquisition of bito mat Some major exciting news. I can't tell you about yet, but we'll stay tuned tomorrow And what else their mobile app mount gox mobile is really exciting with their voucher codes. You can spend And transmit with just a quick beep. You just transmitted mount gox us dollars and or bitcoin Super super simple. It's completely free and it's in the android market called mount gox mobile That's just really exciting and of course the ub key, which is the usb security device for Second what is it called two-factor authentication? And so it doesn't matter if your computer is windows and it's ridden with viruses It won't affect anything because the wallet is stored on mount gox And the viruses that capture every single key stroke you type Won't matter because the ub key puts in a password. That's only good for one second So when you touch that button it puts in a secret password And the virus can capture it all at once and it can't actually access your account So it's very very secure and mount gox is very very profitable Which means that they have an incentive to be around. They're not going to go away They're not going to pull up my bitcoin.com or anything like that. These guys are in for the long run They have been hacked and they they had to shut down and they had to fix things and improve their securities But they're resilient. They're back and they're strong and they've been on the show and um, and they are Obviously they have the market share. They're trusted by the community So we thank mount gox and also bit pay bit dash pay.com Our new kids on the block when it comes to merchant processing for bitcoins, they have solutions for your website Obviously they integrate with your own shopping cart solution. You already have or they have a simple shopping cart Integrated into the thing So if you're you know, if you have a very plain vanilla website like me and you're not technical You can just paste in a little snippet and you've got your items and they it's basically it's just like a google checkout But it accepts bitcoins and it's brilliantly easy. That's what we're using For registration at the bitcoin conference. So we thank bit pay and meze grill. Of course meze grill.com World's first brick and mortar restaurant. What other kind of restaurant is there really besides a brick and mortar? I guess they're gonna be delivery. Anyway, the world's first restaurant to accept bitcoin and the best food South of columbus circle and they're fantastic Delicious healthy mediterranean food and they accept bitcoin and they sell bitcoin Need to get some bitcoin when you're in the city three blocks south of columbus circle They now sell bitcoin six percent fee thousand dollars limit per person per day and that's not negotiable Don't try and negotiate with them Uh go to somewhere else if you want to buy bitcoin and to negotiate But they have the best food they're open for breakfast lunch and dinner six days a week long hours And cable sorus.com a new sponsor Has everything you could ever possibly want when it comes to specialty mining gear gamer supplies and equipment And all sorts of pc supplies Um thousands of satisfied customers and they accept bitcoin and dollars cable sorus.com and bit brew Dot net bit brew dot net ed's favorite coffee. He's a coffee connoisseur. It's the only coffee He allows anyone to drink at only one tv and this is before they became a sponsor Um, and they were that's just fantastic. He ordered some of this a long time ago And that's the only coffee we drink and now they're a sponsor. So I can uh Happily say we love bit brew dot net. They are um, you know, the delicious delicious coffee All coffee orders are roasted order guaranteed freshest and all that they organic and fair trade coffees all kinds of exotic varieties And everything is sold exclusively for bitcoins using static pricing And what is it? And the gift bags. Yes the gift bag the conference tomorrow. They actually shipped us cases of this bit brew coffee So everybody is going to get well at least until we run out Everybody's going to get a bag of a bit brew coffee and we thank them for that So thank all of the sponsors if you would you know, send them an email or call them up and just thank them for Supporting the bitcoin show because if it wasn't for for our sponsors, obviously we wouldn't be here So We're very appreciative of them. So and we're back. So tell us your name. Hello. Hey, good to see you i'm steven wagner and i'm from portland, organ And uh, I run a site called how many coins.com. So I brought in a little flyer here I thought this was like a Scientology dianetics hand. We got a time square. What is this? This is how many coins.com money for the internet age no central bank. They're in hella global new So this is like Tell us about it. What is it? How many coins? I mean basically how it started was I you know, I was I was sharing Bitcoins with so many people and I was doing a word of mouth and I'll go out to send you this link And I was emailing all these links to people and there's so much great information out there And I was trying to get everyone the best information possible And so I decided to put it all together on a website so that I could just send them one link and get them everything they needed Um, there's lots of great videos on there as well And uh general purpose informational portal exact, you know, I'm getting the word out there to people and And educating it people without it And the reason I'm doing that is because it really helps to know Your market and know your audience know who you're dealing with And I'm going out there and talking with big investors too And um, like after I'm here in New York, I'm flying out to Las Vegas and then I'm going to San Francisco And there's a lot of people in the precious metals markets who are really interested in getting into bitcoins Um, and but they don't understand the technology. They're not understanding the market so much So I'm getting out there. I'm doing the market research And and getting back to them with the data and and getting some information on how it's going Cool. It's so exciting. So exciting. Yeah, the more information the more education the better boy We need it. Yeah, there's so many people with gold and silver You know, these things have been out there for a long time So people who are interested in hedging into the precious metals right now Well, it's already a known field and investment But this is a brand new field that's breaking open right now So people don't know what these things are and there's a huge market to be tapped into Are you finding that people in the air in that realm are they already aware of it at least? Are they heard of it? A lot of people at this point have heard of it a lot of people said, oh, yeah, bitcoins are read about it You know, it was an amazing newspaper that someone mentioned it, but there's so many unknown variables And they don't know how it's going to go. They're concerned about, you know, is the volume there? Will I be able to get my money out? You know, how stable is the technology? And it's no one has any really big any big doubts that are like that they seem to be wrong with it It's just unknown. So people need to be educated that part doesn't surprise me But the the fact that more and more people already heard of it. I love that I love the fact that when I tell somebody about bitcoin, they've already heard of it right that is so cool Isn't it? Yeah, because then they have their eyes on it at that point That means they're already already on the radar. They're gonna be watching and as it starts taking off That's when they're gonna want to be jumping in cool Are you getting a lot of hits on on how many coins dot com? It's yeah, it's definitely it's starting to heat up for sure And I'm like I printed a couple hundred of these flyers and I was just out at the beloved festival last week in in portland And passed a lot of those out there. I had a ton of interest And you know, this is a really great way to spread the word to make some materials So I'm looking at putting together some more materials and probably putting some PDFs on the website So that people can just download the PDFs and go around and you know, if you have any local Restaurants or shops that have community Bolton boards. That's a really great place to put a little information about bitcoins I've been going into some of the stores I put three of these up there and I come back the next day and they're gone and people are like what digital current digital cash What's this? I need to learn about this. This is new. Yeah, cool. Yeah, sometimes the low tech things like a pin board are the best It's just it's great. Yeah, use everything use everything at your disposal at your disposal high tech low tech whatever it is Yeah, and I'm really interested in getting this information out there to the people who aren't into technology Because I want to enable a lot of different Parts of society to be able to get involved in this I don't want to be just dominated by one by one section And there's a lot of people who really want to see this change in the world a lot. Absolutely. Thank you so much. Thanks a lot. Thanks. Great Uh-oh, I know this guy Hey, how you doing? This is a bitcoin celebrity here. We have Steph and Thomas. Well, he's a bitcoin celebrity What brings you to town you got they have to get the keyboard out of your hand to come over here without a I don't know. It was plied up right off with a crowbar earlier. So all the way from switzerland all the way from switzerland I was actually I've got a bit of a story to tell from when I arrived at the airport. So yeah, tell us I'm coming I'm going through customs and the guy at customs or what's the purpose of your visit? You know, like usual Oh, no, yeah, if you didn't answer him, I said a bitcoin conference, right? I'm like, no big deal, right? So and he's like, okay I'm typing into his computer and we're doing all the stuff with the fingerprints and everything And then at the end he goes, um, well, I'm all in favor of gold, but I think this bitcoin thing goes a bit too far But it's all smiles and stuff. Yeah Oh my god, they're aware of it. You know that, you know, but it was the private interest, right? It was not like that they're investing, right? But it was like It was awesome. Like so many people just know about it now. It's everybody everybody Yeah, well Gavin was Summoned by that I should say some but he was actually hired by the cia to come and do a technical talk about bitcoin to the cia There are geeks everywhere and they're not just geeks. They're they're geeks and they're they're technologists and there's Libertarians they're people for political reasons or just freedom loving people people who just love freedom Yeah, and the freedom that uh, that bitcoin gives to the monetary world That is free of like the tyranny of governments and banks and central issuing authorities of any kind It's just such a beautiful thing. I don't know. I don't know if I would call it tyranny I mean, that's you know, I'm always I'm trying to be all diplomatic about it. Yeah, I know So so those are my words. Yeah, the way I dare where I would put it It's just like it's a more competitive market it's a more competitive way to To to handle financial transactions to create a financial system and every time you get competition I mean you can see it with the internet you can see it, you know with all these new technologies You get really good companies that provide a great service and I think the same thing is what's going to happen with bitcoin And that's why you know, we're so excited about I think I mean the old economy money mastercard visa paypal all that Um, there's there's plenty of competition Right, but that's the difference with bitcoin is that there's no central authority who can just The barriers to entry are much lower. Like you can start a new bitcoin bank Like a bitcoin service of anybody can and they are right and Every week you write some software and you put it online It's like sure you have to comply with some regulations But because it's all online and bitcoin doesn't really know borders You can pretty much start anywhere you like and that's again, it's just lower barriers to entry more competition You actually don't even have to write your own software. There's several open source E-wallet packages now a 13 year old could open a bank, which is a little bit scary, but You know, I mean look if he's doing a good job, that's how he attracts customers So like there's a bit of selection there So it's not just anybody can open a bank and then people will all go there and do money It's like whoever does the best job is where people will go. Yeah, and that's what makes it good When I was 11 or 13, I had a paper route actually I had two paper routes But see if bitcoin had existed I would own a bank. Right. Oh, man. I would be so rich Did you see um, I think there was a there's a project right now called a laminate freedom or something Where they're complaining that in several states it's now illegal to do like this classic laminate stand little Entrepreneur thing where you can take your kids and sell some laminates Of course it is and yeah, and it was like some girl get arrested And then they shot this project where they said, okay, we're going to defy this law We're going to be a bit of a civil disobedience because this just goes too far You want to be able to you know, if you can't do a laminate stand legally anymore? Where's where's where have we gone wrong? And it's like the the grandmother who was arrested for putting nickels She would go around putting nickels in parking meters as a little You know paying it forward little gift to people to renew the meters that we're going to expire And she got arrested for it because it's illegal Oh my gosh Yeah, you mentioned open source software So, you know, I was on here promoting the iphone version And I'm happy to say that there's some updates about that. Oh my gosh. Is this an announcement? No, it's not an announcement. It's an announcement of an announcement Okay, it's already out Oh, not exclusive No, so what we've been doing last week I started doing the actual interface for the iphone thing And so it's like at a prototype state now. Oh, yeah, this is the html5 that uh, it's the browser based Yes, yes, and we've got like the iphone interface now So you can you know go on Webcoin.ch not yet not yet tomorrow At the time you see this maybe yeah And um, so yeah, you can go on there and with your iphone or android phone And it'll load sort of a browser based wallet by now as a prototype So, you know use with caution use on at your own risk play money on me, yeah, right We're gonna we're gonna officially launch it at some point where we think it's you know solid anything So we're still you know taking the server down right now. It's down And putting it back up at as soon as it's stable. We're definitely gonna let you know But yeah, you can look at it and see let us know what you think and I'm gonna talk a bit more about it tomorrow Oh, great. So the so the basic idea is that it's a it's actually a browser It's not really an app, right? It's a browser based app Right, so so it's just all you need is a browser right when apple made the iphone They originally had and you know, I'm not a total extra in iphone history But I think what they originally planned for was that most apps would be like web apps So we were really big and on html5 And so They built it pretty deep into the iphone system So you can go into a website and there's like at the bottom middle There's a button add to home screen so you can install any website like an app Oh, right. Yeah. Yeah. Yeah all that functionality is still there Even though now there's the app store and you know most apps go through there Which the app store didn't launch along with the iphone right the launch later Right, so and in the beginning that was the only way to add apps. This was through the web I didn't know that yeah, and um Yeah, and this this function is still there So you can sort of if you don't get into the app store you can sort of use that route And obviously you have some drawbacks like we don't have the full You know abilities to run native code and the performance that comes with that But you can still run something that's a pretty solid sort of pretty solid bitcoin client and Yeah, it's it's it's in the is the wallet stored locally or a central server the the wallet stored locally locally and how do you keep it from Evaporating how do you how do you store it securely? So what we do right now is just for the prototype. We just stored locally. So it's like if you lose your phone, it's gone, right? so That's just for right now, but last time I was on I talked about deterministic wallets and so on So the client is already set up for You know multiple wallets different types of wallets, you know You can have like a savings wallet where on the phone you just have a read only version So you can just sort of check the balance see what's gone on with that And you can't spend any of it or you could have Server-supported wallet where you have to do extra verification when you spend something So there's all kinds of scenarios that that we're going to support and I think because we're an open source project We're probably going to make it sort of a pretty open development model So if you're out there and you're having you know bitcoin businesses and you want to integrate with our wallet You know just give us a call or give us an email And uh, yeah, this guy is so smart So smart bank stuff. I can't take over. There's one more announcement. I want to make. So it's uh, that's uh, um, somebody else Asked me to make that announcement. So Andrew, you know, I'm doing this for you So, um, uh, he did a project over the last week. So the little sprint side project And it's called btc.io And it's basically a sort of a wallet routing service or a payment routing service. Oh, I love that I already saw it somebody sent that to me. That's cool. So what it does is You know how there's like tons of different wallet services now And if you're a payment provider or you we want to take payments You don't want to you know know about every wallet service and keep up to date with all of them So you want to have one point where that redirects people to whatever wallet service they are using So that's what btc.io is. So you can generate a url at btc.io You can link your customers to it or if you're like a payment service You can use these URLs and then when people go there they can select what client they have And it'll pass them on to the right point and then they can make their transaction You know, basically remember, let me i'm gonna paraphrase it in my my words Tell me if i'm right. Basically, it's almost like the uri that people have been wanting They want like a standard type of link like an html Whatever a http url So you can put a button and they can click it and it'll take them to this site like a known trusted site It's basically gonna say which wallet do you use you pick the wallet and it saves that information in your browser as a cookie And then every time I hit pay with bitcoin it goes there and it knows that my preferred App my preferred bitcoin app or bitcoin e-wallet or whatever right and I I told market mount gox about it And he's on board right so what what e-wallets are already on there now? So andreas schildbach has a really good android application, which I think is the best one right now He's integrated it obviously obviously webcoins integrating with it and You know we're talking to mount gox We've been talking to instagram with them It's a bit more complicated because they don't have a cookie anymore. They have a like the special url So if you link to them obviously you're not coming on through the special url So they don't know whose wallet it is. Yeah, so but we're trying to figure out the solution there as well So, yeah, we're definitely integrating with as many wallets here as this is possible Vi banko v banko on dot com got to get them on there too. There's so many when then vt cinch was just here So yeah, yeah, let's point all of them everyone. Yeah, I mean it's so many starting. Yeah, exactly What is the site again for that one? It's btc.io And how do they contact you if they want if they have an e-wallet they want to be added to your site Um, I guess they can just email to info at bitcoin.js.org and info at bitcoin.js.org Yes, I would pass it on to andrew and he would put it in cool. So exciting. We're gonna hang out later. All right Thanks for coming Hey How you doing? All right My name is paul mosquette and I represent little shop of hardware in baltimore, which is a brick and mortar computer store and crypto anarchy.com which is a online store that sells all kinds of things like little bumper stickers Bumper stickers. I don't have a car. Does it come with a car? No Yeah, b y o c not yet, but if you put it on your car a lot of people will see it And it it does not advertise my own site. It advertises a bitcoin.org It's strictly bitcoin.org That's slick. It is a real UV vinyl protected So you leave it on your car. It won't change color. It's like a secret society Let me get the voice down down there. It's like a secret society. I remember when you know in the early days I used to have a rainbow flag on my bumper. So it's like a secret little gay club And this is I'll have rainbow on the right and bitcoin on the left for all our secret little societies But it's so cool. Oh, you're a bitcoin person And this one here is a qr code for bitcoin.org. So nice if you place that out somewhere and then you scan it with your qr code reader It just took and it directs you right there to bitcoin.org There you go. So you can spread the word with these as well You print these yourself. I I have a large order. So I get them by the thousands So they're very inexpensive. That's like like these are 50 cents each. These are a dollar 50 You gotta give us a whole bunch of them samples when giving away till I've been handing them out I already are. I've been handing them out everyone who comes to my table gets one. Um, so the um What do you sell a little shop of I want to say a little shop of horror But it's a little shop of hardware a little shop of hardware. What do you sell computer store? We do mostly repairs now, but we've been in business since 1989. So It's uh been 22 years You sold the apple uh apple 2 plus. No, but we sold the Commodore 64 Whoa, that's so yeah, we're dating ourselves. We were the last surviving Commodore dealer in uh, Baltimore that at least that I know of And uh, yeah, we still have uh all the technical service manuals in antique session section We sort of have one we sort of have one. We have all the old apples All the old Macintosh. I used to work in in a little retail apple I mean uh retail computer store because they didn't have apple stores or anything at that time And I remember we had the apple 2 plus we had the oh and then we when the lisa came out with the lisa And it was a $10,000 thing and nobody could touch it and some somebody's child came in And they they took something and they stuck it in the drive and they broke the thing Yeah More money than a nice car. I know I remember that was crazy crazy So that's really cool. Well, welcome. Thanks a lot. I'm glad you made it Yeah, hand out those stickers to everybody Come on in. Hi. Hi. How are you doing? I'm Allison. Hi Allison. Oh, you're Allison. I was gonna say Oh, yes, I've seen you So you're representing the other gender. I see where your distinct minority around here. I know I haven't seen so many girls hanging about There's Tony. I recognize that face Bitpay, you're the mascot for bit pay. You could call me that. How do you? So tell us about so tell us about your experience I mean, do you like when did you hear about bitcoin? Like did you just learn about it or have you known about it for a while? I've known about it for just a little while and um starting to work with bit pay I was introduced to the bitcoin concept, which is Very fun. Yeah, I'm pretty excited about it. Yeah So exciting. So I know when we when we when we look at the logo and the banners and the video about bit pay We see you all over it. Yes. So what did you like, um, how were you introduced to it by bit pay? Is that where you were introduced to bitcoin? Through Tony. Yeah. Yeah. Yeah, he's an evangelist Yep, he's taught me everything that I need to know about spending my bitcoin. Awesome Well, are you holding on to some too as an investment? Well, I've got some to spend I'm planning on using them here at the show But I think I'm going to hold on to a couple also. Cool. Are you getting paid in bitcoin? Not yet. Not yet. I accept bitcoin only And I spend dollars but only but I accept bitcoin only so, you know, that's it So we get rid of the dollars hold on to the bitcoin Well, I guess through bit pay I could be paid that way because we can transfer it to dollars or bitcoins Whatever is easier, you know for the merchant to use. So will you do the same thing? Yeah You still kind of have to accept dollars But the good thing is it's easier and easier to buy bitcoin with it. I know. It's just very fun Yeah, I'm very excited to be here. Thanks for having us. Sure. Thanks for being here. So exciting. All right We're gonna hang out tonight and tomorrow you're gonna be there early I'm gonna be there whenever you say to get there. So We're gonna be here from like six to seven a.m. Getting everything ready We're gonna be over there like at seven a.m. And then the thing officially starts at eight It's gonna be exciting. Cool. Conversations 24 seven. Welcome. So happy you're here. Thank you so much. Yeah All right, I'll see you later. Okay That's it. Oh, wow. Oh my gosh, I can't believe it. Look at that three minutes to spare. I can't believe we got through everybody So so so exciting. Thanks you guys for joining us on our little pre-conference day before episode And if you're coming tomorrow, you're in for a big big show because we're gonna have so many people That actually a lot of people couldn't make it today, but everybody almost everybody's gonna be here tomorrow And that's the big big vendor venue at Vanderbilt Hall at the Roosevelt hotel Like officially starting at 8 a.m. Tomorrow morning. So exciting. We're gonna be streaming it live So make sure you go to only one tv.com and and click on the live button There's two live feeds, by the way There's the there's the live feed and then there's another one called the mobile cam Make sure you watch both of them. Keep them open both tabs You're gonna see lots of live streaming here and then of course tons of people just follow twitter What's our hashtag? Hashtag bit con 11 big con 11. Yeah, hashtag b i t c o n 11 on twitter so follow that and the the conference will be tweeted and All the live streaming you can probably just go to twitter You're gonna see I mean if you're if you're gonna by the way, if you are gonna live stream the conference Make sure you tweet about it and put in hashtag bit bit con 2011 b i t c o n 11 so that we can find your streams and there'll be lots of Live streaming to choose from and of course everything has been recorded We have an app if you go to bitcoin conference.com all lowercase bitcoin conference.com on the right hand column You'll see a web app that is actually Optimized for mobile for android and iphone and you can actually you'll be able to see a lot of media there as more and more Media is recorded and given to us. We're passing it through to the mobile to the app developer and they're putting it online So during the conference and after the conference. There'll be even more media thousands of photos videos mp3 audio video Interviews and so on so very very very very exciting and there'll be huge announcements tomorrow I know of many of them already so you're going to be shocked. This is going to rock the bitcoin world So thanks so much for joining us and we will see you soon bye