 Hello and welcome to episode 23 of the Bitcoin show we're just racking them up It's like a slot machine ding ding ding ding. Yeah another episode. Oh my gosh We skipped one yesterday because we have one tonight I'm Bruce Wagner. This is many men and today our special guest is from you have heard of it You may not have seen him or heard of him, but bit bills calm Doug welcome. Thank you. So So tell us First of all, we got to thank our sponsors. I'm sorry. I always forget, but we can't forget our sponsors We want you to get you guys to contact them and thank them for bringing us to you every day Mezi Grill is the world's first restaurant brick and mortar restaurant that accepts Bitcoin and they have the most Amazing Mediterranean food they now serving breakfast. We eat there three times a week We love Marwan go in and see mezi grill.com me zee grill.com. You check out their menu It's very wholesome and healthy and organic as possible and all that jazz and very affordable for Manhattan So if you live in New York, or you're traveling through New York, don't miss going to mezi grill and shot and buying bit, you know lunch with Bitcoin or breakfast or dinner and Carpe Veeam Carpe Veeam.com Seize your market say it with video They will help you create a video marketing campaign for your website that sells the product or service That you want to market and make you look like a pro They'll really help you sell whatever it is you're selling with video for your website and the US gold coins calm 1-800 hot coin. That's Andy Gauss Andrew Gauss is a monetary historian He calls himself but he's an absolute expert in all things money and he's my money guru he's been our money guru for years and Actually, I proudly introduced him to Bitcoin and now he's like all about Bitcoin too But if you want to diversify your experts, there's nobody more knowledgeable and trustworthy than Andy Gauss Which is US gold coins calm 1-800 hot coin just ask for Andy and he will talk with you He's very accessible and brilliant. He's got a big company, but he'll take your call and trade hill calm, of course trade hill the newest exchange on the on the block and they Have so many easy easy ways to get money in and out all sorts of new innovative features and Ideas they now have the two-part Authentication and you know, and it's all it's free. It's brilliant. That's what we covered in our last show Exactly. That's what we just did and there you can get a 10% off all your trade fees for life If you use the Bitcoin shows referral code TH dash R 1 4 1 thank trade hill calm for their support and Mount Gox MTG OX comm who doesn't know anybody who knows about Bitcoin knows about Mount Gox because they've been around since the beginning Mount Gox is the oldest and largest exchange. They have the market share for sure and They've had their challenges, but they've shown their resiliency. They're not going anywhere They could have packed up. No lesser people might have packed up and taking the bitcoins and run But they didn't they're here for the long term They've improved their their technology and their security and they're still here So obviously they're a trusted member of the community. We thank them for their support as well. So Doug bit bills Tell us first of all for those people in the audience who don't know what is a bit bill? Absolutely. So bit bills are a way to hold bitcoins, you know, bitcoins are really great for you for using and spending bitcoins a great are there a great way of spending money online and When you have your computer, it's kind of the most secure way and the easiest and cheapest way to send money online But the second you lose your internet connection or you go offline you can't use them so it bit bills what we've done is taking the private key which is sort of the meat behind the bitcoin and Encoded it in a QR code and then it's embedded inside of this card So this can be handed off from person to person and use just like cash so but it's really a bit coin So the private and so basically the private key is the secret part of the Bitcoin That's like the password that unlocks the actual value to spend the ability. Yeah, it's what allows you to Sign off a new owner of the Bitcoin So then the Bitcoin network knows to only accept bitcoins from that new owner Okay, and so and that's inside this this secret seal. Oops. So They're actually denominated. These are denominated as what one Bitcoin one five ten twenty. Yeah, that's right Okay So the idea is that you could actually buy bitcoins and store them this way and you could also transact this way if I wanted if You're willing to accept bitcoins. I could just say here. Here's a bit coin. Exactly. All right So it's a physical implementation. So these are said values and when you buy these on our site, you know You'd you pay five bitcoins for a five Bitcoin card plus a little small fee and then for the life of this card It'll always be worth five bitcoins until it's eventually redeemed The card doesn't tell me how much a Bitcoin is worth But you have to figure that out ourselves But but but the this the private key I see it's sealed under a safety seal and all that Is there any way to to like read through that or absolutely not so we've actually had x-rays made of these cards And there's no way to read the QR code without actually cracking open the card and when you do that, obviously you destroy the card Oh, I'm at an MRI Next we x-rays first that memorize That's interesting that you would even go to extra step to verify that yeah, well a lot of people a lot of people we know We didn't we thought maybe a bright light or something but a lot of people thought oh no We got to do x-rays. So we tried the x-rays couldn't do it. That's pretty awesome What did he do you did that a doctor's office or something? No, we knew an expert in the field. So we had to do it Oh, that's how I would have waited till I went to my dentist and I had to have a checkup anyway So you x-ray this or a poet at my mouth We actually have some great pictures of it. So they'll be on our website in it within a couple weeks. Oh, that'd be awesome I think people would like to check that out and that also build confidence and you know the actual bill I mean, there's not much to see because we can't see it. You can't see it but you know well we we've talked before Doug and I and I was really impressed with you know I mean, I understand the concept the idea that what you don't really go into like when you have a hotdog You don't really think about how it's manufactured. So the the factory basically the concept of how these are manufactured There's so much care has to go into it because that's right There's the slightest mistake as as you pointed out like if it were if you're manufacturing them and Somehow they got out of sequence the private key for this card applied to the actual public key of this card And they got out of skew somehow then Someone would actually if they redeemed if I redeemed my card I'd actually be redeeming your value which would be disastrous. That was the super high security product so that You triple check everything you personally oversee all of the private keys and how are they manufactured right right? Yeah, yeah, the key to it really is just testing testing testing There's we push these through in batches and every batch we figure out Is there a way that we can test to make sure that everything is exactly what it's supposed to be? And so that happens at least five times before the cards out of our doors And you just see the public key and the private key that they match and that the values there and all those things Yeah, exactly, and it's easy to check fortunately So it's it's really bad if we make a mistake, but it's easy enough to check that no we keep it secure That's good And then for the actual bit bills is there like error tolerance built in so that maybe if they want to redeem it like five Years later, and you know there's some wear and tear on the card These should be durable for for much more than five years and definitely Definitely no problem. If it gets damaged a little bit. There's there's error tolerance built into the QR code Okay, and it's also completely laminated and waterproof and sealed. So awesome No way to actually move this sticker And how would you remove the sticker if you had to you don't have to show us But so just to give a little more explanation if you haven't read the details on our website There's a few layers to the card So there's this substrate in the middle which is sort of the blank that has the design and then also the address QR code Mm-hmm, and then on top of that is the square private key QR code. Yeah, and that's separately laminated So it's it's a very very durable process just inside of that square itself We know regardless of the card then on top of that goes the security hologram Which obviously blocks the face of the QR code and then finally the whole card is laminated separately and so it comes out It's really nice hard plastic card, but really There's a few layers here And so when you go to redeem it you cut it out open and the layers all come apart and you're left with just the QR code that you Can go to redeem interesting so it's a great concept If it like I mean if you carried it around in your wallet like I carry cards and run on my wallet So they just disintegrate but if you literally carried it around and you know it got all bent up and everything Mm-hmm It wouldn't damage it and until like if you actually broke it or cut it Right then the layers would just fall apart, but you'd still be able to you'd still so in fact if you have scissors I'd be happy to cut one open really after a break or okay. We'll grab some scissors To play with it before this this is cut to to signify that I yeah, but this one's invalidated But is there a fortune inside like a fortune cookie? I want to see What that with the estimated price of a Bitcoin is by the time you open it that would be interesting so Let's see what else Like what how did you figure out the manufacturing process that you've come up with? It's let's see. I know you guys are like here We actually these ones We have designated ones that we use for testing so this one included and you can try before we break it open You can try flexing it. These are actually more durable. There's there's a few different card technologies out there A big one is PVC That's like your credit card is and this this process is actually more durable than those cards Yeah, I was noticing that usually a credit card would bend and you can see visible creases in there. That's right Yeah, you with this you can't see any of that. This this will Bend it okay. Oh wow That is crazy. I look hard. You will see like it's starting to form Like ten times and you've got two cards exactly. Oh, yeah, you can make this ugly, but it'll stay intact It's crazy Let's see It's like in bend and bend and bend I Can see what you mean. It's more durable because it's got the multiple layers. That's right. Yeah It's not just one piece of material that will weaken Like I could break that with me. It would take a long time and a lot of bending That's right So when you are ready to do redeem it and you do want to break it open You just take a pair of scissors and again These are these aren't made to be redeemed instantly These are supposed to be durable cards that can be stored and you can keep your bitcoins safe and trade with them if you like but they do eventually Come to somebody who wants to redeem them. So I'll try to show the camera here. Once a bit clean is worth $10,000. I want to buy a car with that one Bitcoin. That's right And of course even if you want digital bitcoins We accept them if you have a lot of them you can just mail them to us and we'll send you digital bitcoins That way you don't even have to bother cutting this open. You have special people with scissors that just do this I mean they have resale value because a lot of people have digital bitcoins, but they want bit bills. So Basically exchange it for somebody that wants a same denomination you send them those that's awesome Obviously we sell the new ones all have a small fee on them But we take the used ones and we don't even have to cut them open because there's always somebody who Yeah for face value. So I've cut this open now and It's in a few layers. So I'm peeling this apart in this square now inside of here is the private key QR code It's just still has the hologram on it, but other than that That's that's it. So if I peel off the hologram and I hold it up the camera Then the first one to claim it will get a Bitcoin This one not this is not this one and that's in fact why it's marked with this cut through it And let's cut through the seal off. Is it is it hard to do? No, no, go ahead. I don't know And you have to have fingernails and scissors. That's right, but I could do it yourself This comes off. It's amazing as high-tech as Bitcoin is We go so low-tech to get it down into this into the physical. Yeah, just I mean, it's amazing. That's how people gravitate. Yeah, yeah I mean we have meetings and we have notepads in paper because there's no better way to take notes That's right, and I've gotten half the the hologram off and you can see the QR code underneath there With a little more work, you know, you can take the whole thing off By peeling it off you can't damage the the QR code like it's not no, it's that's That's all that's a material made of it underneath there. Is this PVC the the car? No, it's not it's a special plastic substrate that when it Is with the plastic it's like a force so the plastic actually goes into the pores and forms one solid plastic chip Essentially that has that QR code on it. Wow. This is awesome. So you're an MIT genius, right? I don't know but that's a modest Maybe he's you're an MIT graduate. That's right. I go to school at MIT and that's where I live for the most of the year But yeah, and I'm working on bit bills is mostly out of Cambridge out of Boston It should be your thesis right Since it's already done. That's fantastic. That's my gosh That's yeah, I mean there there have been other projects to to that you can obviously you can print a public or private key and things like that but to obscure it in a really effective way that's this Immune to damage and even water you could go scuba diving with these things in your pocket And even though there's all this awesome technology in it kind of the coolest thing about it It's just like you tell to somebody who doesn't understand the technology and they can hold it And they just know that like this is a Bitcoin and it's worth one Bitcoin and they can go online and see what it's worth in dollars And you know that's that's what it is. This is huge, especially right now because there's so much concern with security You know, and how do I store my bitcoins? Right? You you know the thing is that These are wonderful for trading and for small amounts and introducing people to bitcoins over abroad You could say here here's 20 bucks. Here's a bit coin. You know here you go There's that's a bitcoins a physical Bitcoin. So But the problem is there are some people who were early adopters who now have like a significant amount of money Yeah in Bitcoin form and They don't you know, whatever say they have a thousand bitcoins or 10,000 bitcoins or whatever They don't want 10,000 cards, right? You're not gonna ship them a whole box full of 10,000 cards. That's not really practical So have you got a solution for that? Yeah, absolutely We announced it just this week and it's something we've been working on a long time We really wanted to get it right but what we have we're calling it a bank card and this is just a prototype The final design is a little bit different And this is made out of metal. So as durable as these are made out of plastic and with the sealed hologram These are metal. So this this would withstand fire. It's just pretty cool Is there a way that I could show that up to the camera? So this this has the public key and the private key on it and this to our code is visible This this one doesn't have a balance on it. So don't bother trying to redeem it You buy this from us on our website and it's not gonna focus So this is kind of a vault that you can use to keep your bitcoins But you can then add bitcoins to it by sending them to the address and as long as you keep that card in a safe spot Like in your house or a safety deposit box, maybe it's such a brilliant idea So the private key on this is not obscured So you definitely don't carry it around and show people right because anybody with a camera phone Go up and I just took your value. That's right. Just with a photo. I could snap your value out of it But but so you have to keep it hidden you put it inside of an envelope like that's right It's gonna come it comes with a sticker and in an envelope So even if you are walking around yeah, and so you put in your safety deposit box or bury it in the box Backyard whatever you would normally do with the box full of cash, but it or a bar of gold or something But the idea then is that then you can keep you have another it comes with another card that has the public address That's right So you can keep that in your address book in your normal Bitcoin app or whatever And then if you want to put half your paycheck into Bitcoin every week like one of our guys does You can literally just send bitcoins to that address Without ever taking the card out of the out of the safety deposit box or bear digging it up for the backyard Send it to that address and you're done like magic. That's right And I know you call it a bank card right when I first read that I was like bank card I immediately thought of a credit card that what it's more like a deposit. I think of it So I'm gonna call it a piggy bank card Because it's it's a it's like a piggy bank with a slot that you can but the slot is detachable So you can take the slot and leave it on your computer and then bury the bank and it's actually like magically connected, right? But everything we like to think that everything you might have needed a big bank for before to have a Vault that you keep dollars in. Oh, it's now in a car Put as much money as you want on it and then go and redeem it all at once It's a personal bank. Yeah, you're on personally by you But you can't spend the money out of it unless you have the private keys So if you it's like a maybe like a savings plan because perfect for a savings plan Because like I said, you just keep depositing as soon as you want to make a withdrawal Right, okay. I'm really hard up. I need some money or I I decided I finally have enough to buy that yacht or whatever Then you just take the card out and then how do you redeem it with the private key then sure So you can scan the QR code in and right now There's there's a client built by SIPA who's a community member that that'll take the QR code And now there's also an even easier thing It's a Python tool that it's a little program that you run and it just puts the coins right in your wallet from the QR code Okay, so it's for the lay people you say there's a client so you mean there's an app Yeah, exactly. It's a program just like the Bitcoin program you run on your computer And but it's a little different version that you can hold this up to it And it'll take the QR code and where's the safest place to get that app Because that's to be a has to be a safe source You don't just download any old app because the app could itself could be a virus that's designed to steal your money Yeah, so you got to make sure it's a very We're talking about redemption that's back up. So for these guys, too It's the same exact process It's a private key and then actually we're working on a tool that'll be on our website And it should be up by the end of the week or by Monday Where you can just hold it up to your webcam and it scans it in and you'll have them instantly at an address that you type in So, you know, you do you do one and you can make sure that it goes into and everything's in your address book And it's all secured. It's um we use you know industry grade server production. So You know, there's no and there's also no money stored on the server. It's all a transaction that goes through right away It's not like that gox where yeah, you know, it's not just it's not an artificial ledger It's really just a transaction that gets encoded and put right out of the blockchain, right? And so you can use the same tool that's on our website for redeeming these but if you want to do it offline, which is also a great option you can use one of these other clients and They're signed and thereby reputable community members But for an absolute total novice the safest way Or one safe way would be just to go to bit bills comm. That's right There's an app you can click a link there and it'll it'll launch The viewer for their webcam and they can just hold it up the revenue Is there any way that the app like some sort of man in the middle attack or something some sort of virus could capture your image No, so it's actually completely encrypted end-to-end. Oh, so it's we've worked really hard on this In fact, we announced it a couple months ago or a month and a half ago And it we've been still working on it because we just want to make sure we get security absolutely tight and locked down This is brilliant. You know, it's all it's on your computer So you obviously know to make sure your computer is free from viruses standard precautions And then once you scan it in it gets encrypted and then it gets sent over the internet And so even if somebody were intercepted on the internet, they can't decrypt it until it gets to us It's encrypted using our public key and then we decrypt it transact the bitcoins right away to your account And so that's brilliant. No more liability. I told you he's an MIT genius and who wouldn't trust this guy? I mean, that's just so smart. It's absolutely so smart It's exactly what people need because you know, there's we're making a video to teach people how to which we've talked about Because you know me with the recipe problem. Yeah, I mean people need a way to secure the bitcoins without Necessarily trusting some guy on the cloud and you know, you don't even know we don't even know their real names or whatever, you know these these people so Actually, trust them here. You want to trust yourself. Yeah, and encrypting is a smart step He's imagine all the people that do Any sort of transactions in internet cafes and then anybody who has even a little bit of knowledge could just snoop in on that Traffic and then you know capture the private key. Absolutely. So everything's encrypted. It's yeah, that's brilliant So basically with the with the bank card I mean the the denominated cards are great for introducing friends and family and Gifts so I can imagine stocking stuffers. I mean a million definitely trade you want to use this because it has the value marked Right, of course It's the value marked and also it's the good, you know It's more secured the private key because this is just gonna be a sticker on this one This is specifically designed to hold. Oh, and it's got it's not gonna have the private key on the front like that Is it no it does it has both a text version of the private key and a qr version, but it'll be sealed So yeah, both stickers over them. Oh, I see. Okay, and it's also an envelope. So so that's brilliant It's just like oh my gosh, it's a pass card to your savings Would you recommend that people have multiple versions of this to not put them all under one? So there is a real not just in case they're all gonna be just to secure And you can even check that you know, it's it's a hundred percent secure The reason you want to have multiple though is because you have to redeem them all at once and the security once you get that online It's it's now online again. So it's just not as secure as when it's completely offline So this way what you can do is keep, you know Maybe you're backup backup savings on one that you never redeem But then for day-to-day purposes you deposit to one that you maybe cash out when it's time to pay the rent Right something like that. So you got multiple savings accounts and different in a way because these are denominations of you know one five ten twenty and that's great But if if Bitcoin becomes worth a thousand dollars God knows what we're adjusting we have a point five Bitcoin card that's coming out very soon You're gonna have to adjust fast if the price keeps changing But if it does then what's gonna happen is those are gonna be like huge amounts And you're gonna have to adjust down and all that but with this you can actually have multiple Maybe you should summon different colors that we could we do actually we have your different colors This is aluminum. We also have brass. Oh my god. It's gonna be a little bit more, but it's it's very Platinum gold silver and but yeah, because then you get the blue with the black and the black Oh, gold would be awesome because it has value from the gold and value from the big There you go. Exactly. Yeah. Well, I mean not real gold. It's gold color, right? Oh, I said brass brass Gold yeah, that's a whole nother product But but I love that because then you can have you know your life savings and your you know smaller Denominations for different purposes different savings for different purposes. That's right You know Christmas savings with this of that or whatever the heck it is you're saving for And like you say different denominations if you want to short-term savings long-term savings however you want to view it Yeah, that's very clever and and also when you want to redeem it You want to redeem the smallest Denomination that would be efficient for what you're doing. Sure. This is brilliant because you know We can create a video that someone can go through You know 30 minutes or an hour of you know work with a PC and wipe the hard drive and all this technical stuff But you know giving this to someone and saying that's it you just click and this is the address No, this is scannable But like if I want to if I have this card and I want to use the standard client Do I have to type in the public address? So the easiest way is if you have a webcam You can just hold it in and then beeps and then it's in yeah We do the text is on there as a backup so that if if you know you're in a pinch You don't have a webcam. There's always that fallback. So, you know the webcam would scan it and then it would That's to redeem it. That's right What if I want to make deposits into it? Okay. Oh, then the easiest way is probably with my Scanner app on my phone to scan it in that's right Email it to myself and I've got once I've got it in my address book It's there forever and I could just send it to it regularly I could probably memorize at least the last four or six digits, and I know for sure that's the right one In fact, what you buy these you know, we might even just email you the address. Yeah, that's a good idea, right? Right, you know, you give us your email We we take one of these sets that has the bank card and then the also the pay card and so Email you the address while we know yeah, because there's no but nothing that anyone can really do with it except for send your money Track your savings, of course they could check your balance, but you know But still that it's a lot less risky than taking it at least If it's an email that's secure, and it's coming straight to you then you know, right? That's not decided, but that's something we could do and also you have the pay card So even if this is locked away somewhere that's hard to access you always have that other card You can use or maybe having it emailed to you could be optional for those people who you know Sure would have trouble scanning it or something sure. Yeah, that's a brilliant idea. Well. Thank you so much for joining us today We really appreciate you taking the time out of your busy life in the Bitcoin physical manufacturing world It's actually very handy because I was explaining to him I never thought of actually holding a Bitcoin, but I've explained it to many people like so you can't hold it You can't touch it. I was just about to ask you that I was like I'm very excited to see some bitcoins And I can't see them now. Yeah, it's such a clever idea. Yeah, it's great Are the new models gonna look different than these these are these prototypes are they gonna look at all different? Yeah, so this prototype is it's a prototype and the new one we actually we're not gonna have a QR of the address That's because that's already on the pay card and instead we're increasing the size of the private key making it even more redundant And then this is also sort of a rough cut, but the the final ones They're much more precise tooling so they they come out a lot nicer. Well, what about the denominated ones? Are they gonna change in appearance at all? Oh, yeah, so this is still the first version that we never released a couple months ago and We have some changes coming. We have new dominations coming point five We the first one and then we also down the road a little bit We'll have new holograms and just we're incrementing the security and we're gonna try to keep incrementing the security to keep up with I'm gonna start doing a point one It's coming Over a dollar and the great thing about our company in general is like As a recent we've gotten the production to the point where we can now turn these things out And so before we had people asking for bulk orders and even just making large orders And it would take a week before we could fulfill it But now that we have production in place we can really focus on you know I got another question. I just thought of is, you know, so many merchants are accepting Bitcoin now Are you doing? I don't you maybe haven't had time with all of the everything you are doing, but right I wonder if merchants need to be educated about what they look like like just have a visit from somebody to say look These are bitcoins. These are bit bills And you know, this is what a physical Bitcoin looks like and you can literally put this in the extra slot of your cash register And boom boom you can accept Bitcoin without any hardware internet anything. Yeah, it's a really good idea Yeah, I mean a food cart without Electricity could take bitcoins for hot dogs and coke literally as long as they're familiar with what they look like like Like any currency they need to understand what it looks like and if they're you know, they trust How can a merchant actually verify that it's not an artificial like a counterfeit? Sure So counterfeiting there's a lot of different security aspects of the cards counterfeiting is one and like we have these security holograms on here These can't be replicated. So so you can trust that it's from us It's it's also if you get one of these things The first thing you want to do is check the design check how it feels make sure that it's familiar to you After that when you if you really want to be sure and make sure it's not some kind of excellent counterfeit You'll check the holograms and we use the secure earth hologram and then this valid secure hologram Oh, I've got a great idea for you. Yeah, I'm always full of ideas You need to publish Like a laminated 8 and a half by 11 how to verify The authenticity of a bit a bit bill and merchants should be given one and maybe maybe a sample bit bill or whatever So that they can they know how to bear because everybody knows how to you know, hold a hundred dollar bill up Oh, yeah, the market and all that stuff They need to know how to recognize a valid one and it's it's like it would also be a good You know kind of an excuse to bring up conversation with them and explain because especially merchants who are already except Accepting Bitcoin like our sponsors, of course, they all take Bitcoin and more and more Tomorrow, I think it's tomorrow Friday. We're gonna have on the show Another restaurant in New York that accepts Bitcoin So they need to know about this because they even if they know about Bitcoin They might not know about bit bills and they certainly need to be able to accept those Have you run into any counterfeit bit bills before do you have like procedures in place to handle? We haven't run into any in the wild We've we've definitely tasked people with trying their hardest to counterfeit them and that's awesome I've not been able to but the next version we have a lot more security features And so when you're talking about that that chart it sounds like it'd be great for For the new version the new version because you know here the big thing is the hologram Which is easy enough to talk to people about but in the next version. We have some more hidden features Hidden features tell people is that going to drive up the cost or is the fees still gonna be the same? Well, so we're kind of trying to balance where we're ramping up production Which brings down the cost, but we're also ramping up security. So we're hoping fees. We just actually have the fees So we're hoping we'll be able to keep it at the new low you cut them in half Oh, yeah, okay in Bitcoin terms or dollar in Bitcoin terms. Okay. Okay. So Yeah, people have really asked for lower from the beginning they really loved them, but they wanted lower fees So now we have production up. We've been able to do it and we're hoping to do it again You know in Bitcoin was only, you know, six cents Big goals have been around. Yeah, only in though. Yeah, and then how much was it been around two months? That was a couple of dollars eight dollars. Yeah, five to eight dollars. Yeah, it's still almost doubled. So, right? Somebody's asking if you could print these on recyclable material recyclable material It's not something we've worked on yet because we really want to just make sure we have a hundred percent durability and Reliability but in the future absolutely Yeah, that's probably a secondary concern when it you know when it's money. We're talking about that's right Everything else can be recyclable, but money is pretty important Turn in for a deposit. Yeah, you get it. So it's made out of old soda cans Yeah, that's cool very very cool. Yeah. All right. So what are you gonna? What are you gonna come out with next? What's on the drawing board? So I mentioned a few things. We've got the redemption tool It'll be on the site. We've got the lower denomination the newer version of this and the bank cards, right a big thing Also is these come with payee cards, which which are those cards that just have the address on them Oh, and people really want those that they could just make for a private key. They already have so Maybe you already have an address that you use at your restaurant for doing business where people send coins for the meals You can come around with a card a metal card That's made just like this and and we'll even let you put your logo on it But it has a large QR code that people can scan their phone. So after the meal They just pull this out and they scan it and they can send you them So the server in the restaurant could just have it right there They're gonna end it with a bill instead of carrying around that caretta card terminal on their bell They can just pull this card out and say yeah, and they scan it and put it back in their pocket their holster Wow, that's great. So we're hoping that's probably in two to three weeks We're just working on getting the process down so that you can submit your own address and then also your own image and brand And that'll be a metal card too. So it's right It'll be metal just like even more durable than anything laminated plastic or anything else So just for you you could use it forever. Wow, that's very clever Cool. Oh my gosh, I'm sure you're not gonna your innovation isn't gonna isn't slowing down anytime soon. That's fantastic There's a lot of stuff to do with bitcoins in the real world. So congratulations So is this taking up all your time now? Most of it. Yeah Yeah, and we've been working hard behind the scenes to the products are very visible But there's a lot to do in terms of keeping the company secure and making sure that you know We'll be able to keep doing this in ten years. Yeah, so and I know we talked about there was a time when You were just overwhelmed with orders and you couldn't you couldn't fulfill them fast enough, right? And you were so had so many back ordered and I know we talked about it, right and and About the idea of just like you had thought of you were you were so overwhelmed You're thinking about just stopping taking orders and I'm like I said, no just tell them it'll take six months or whatever it takes and So how did that work out? It worked well. So we put three months on the site just just to set the Expectations because we weren't sure how many more orders we'd be getting in But we've ramped up a ton and now all the orders that we had back ordered are shipped out So always promised less than you can deliver That's exactly what happens you put three months and now they're now you're up to real time So as soon as they order their ship right away within three days So like you could get it in a week. Wow, that's amazing. That's fantastic. So and are they are they coming from the US? That's right. Yeah, it's all shipped out of the US and shipping worldwide. Yeah, we are Wow How many have you shipped do you think we've shipped thousands nice? are they like What countries are like how the proportion? Yeah, so so most of them are United States, but we've also had some large orders We've we've had multiple orders in Belgium and in Germany and in France Nice, I won't say the country's we've had single orders from but there's a lot of those too Belgium Germany and France Belgium and what language are they speaking Belgium Belgium? France and what was the other country Germany? Yeah, Belgium. Yeah, cool We're talking about a launching a Bitcoin show and all these multiple languages So very interesting where the market is because there's no direct way to tell other than the like There've been studies on the analytics of the Bitcoin org site to see what percentage other take the Belgium speak French, maybe maybe Oh, it's probably Belgium. I think it's Belgian. It's like a combination of Portuguese Right. So anyway, cool. Well, it's very exciting You have to keep us informed for sure of all the new and developments as they happen. That's right We'll be we'll be definitely looking forward to it. Thank you. I want my I want a bank card When can I get one next week? Next week? That's right. Okay. I can order it today Sounds good. Oh, we don't have the order form up yet for the bank cards But it should be up later this week with the first one shipping out. Okay next week How much does a bank card cost? The price isn't finalized yet, but you know, it'll be it'll be competitive It'll be in bitcoins. You only accept bitcoins. That's right. It'll be a bit like we actually we're working on accepting dollars So that's another thing probably interesting a couple months on that So it almost be like an exchange Yeah, that's right. Well, actually one of the people we did not expect to be ordering these things are investors You don't know anything about Bitcoin. You just they want to they've heard about Bitcoin They think it's a great investment and they want an easy way to get into it So that would be the easiest way. Yeah You might need to go higher on denominations to the country And that's actually interesting especially bring out the cash option That's a new way to invest and you don't have to worry about computer security You don't have to worry about viruses or anything crazy like that. That's right Well, and it'll be adjusting live at the exchange rate. So you're just whatever the last trade prices Or there about is what you'll pay for the car and completely off topic But the official languages of Belgium are Dutch French and German That's great. Well, thank you so much Doug. Thank you. I really appreciate it. That's right. All right. See you guys