 Today's Bitcoin Show is brought to you by USGoldCoins.com, 1-800-HOTCOIN-AND-MEZIGRILL-MEZIGRILL.com, and TradeHill, TradeHill.com, and MtboxMTGOX.com. Hello everybody and welcome to this Friday, July 15th, 2 p.m. Eastern Time. We're here every weekday, 2 p.m. Eastern Time, as you know, the Bitcoin Show. This is your home, of course, for Bitcoin breaking news, announcements, rumors, gossip, all kinds of stuff, just all sorts of discussion, especially breaking news events. But today, we're going to do something just fun. We have with us, our guests are the owners and founders of the second brick and mortar restaurant in New York City who accepts Bitcoin, but the correct answer is the first brick and mortar restaurant that accepts Bitcoin in Brooklyn. Yay, Brooklyn! Brooklyn stands by its own. So welcome, this is Vitaly and Victoria Lukomovic. Close enough. Okay, of all crepes, right? Okay, so tell us about all crepes. What is all crepes? All crepes serves low calorie crepes as a lunch, dessert, or dinner. We also recently introduced Bach Mies, famous Vietnamese sandwiches. So basically we are feeding Dumbo crowd. And for those people who are not from Brooklyn or New York, Dumbo doesn't refer to the Disney, well, Disney character. Dumbo means down under the Manhattan, Brooklyn. Overpass. Okay, so that's a neighborhood here called Dumbo. It is also a digital hub in New York. Digital hub of New York? Yes, a lot of stuff. It's a very popular one on the internet. They let you mention it. I think I have heard that. That's fantastic. So you guys, how long have you been in New York? For about 10 years. 10 years, okay, cool. I've been here for almost 20 years. Almost 20? Okay, cool. I've been doing it from the former Soviet Union. Okay, Russia now, right? Yeah, part of it. Actually, I'm from Belarus, she's from Ukraine. Oh, okay. It's like now it's a lot of different countries. Oh, okay. Yeah, see, Americans don't even know that. We're lucky that I know that it's east of the East River, that's about all we got. I'm going to go there someday. But so welcome, you guys. So you're obviously the crepe expert of the family, and I understand you have a background in technology. Technology, yes. I do a web development. I can help with different companies as well as web development. Web design and web development? Web design, yeah, mostly web development. And you still do that now? Yes. Okay, cool, cool. So you both got, and do you accept Bitcoin in your web development business? I don't think, yeah, probably yes. Yes, right answer. Yes, you win the prize, you win the, he wins a Bitcoin. So all right, cool. Well, what to get your company name for that, and we'll put you in the show notes too, so you can grow up some Bitcoin business there too. So you obviously just, you're probably the one who discovered Bitcoin. Yes. And how long ago was that? It was almost a half a year ago, and it was a website, Hackers News, I think it was December 2010. Somebody posted about the concept of Bitcoin, that's, I learned about it, I got fascinated, and started software, I started mining right away. But eventually, I kind of forgot about this, and then probably in April, when I was like a big trend, but Bitcoin started, I got back into it, and just start mining, and then start learning about them. So you've been mining, what was the price of a Bitcoin when you first discovered it in December? I don't remember, I don't think, I don't even remember, it was trading at that time, probably it was, but I didn't really know how much it was, but I remember when it got into like $30, and then I'd crash into like whatever else. Glad just happened. Yeah, but in December, if I'm not mistaken, chat room, you can help me out. I think in December, wasn't it, Ed, wasn't it like, it was between $25,000 and $50,000. I don't even remember that I compared it with the dollar value, so I just really liked the idea of Bitcoin as an alternative, without even like trying to find like relationship between dollars and Bitcoin. For me, it was just alternative currency, which I found really fascinating. Just the altruistic, the principle of the thing, but now when you're accepting it in the restaurant, you do have to care about the dollar value, because it's how we actually love it. You have to price things. Now the other items on the menu, are they priced in Bitcoin denominations, or do you convert it on the fly based on what they owe us? Usually it's on the fly, but right now it's, I think it's $14, $15, so we decided for $15, one Bitcoin, you can get one crab, one balmy sandwich, and lemonade. We created a special, special on our menu. Bitcoin special, that's from Bitcoin. Oh, that's cool, all right. So based on this, we'll see, like, you know, if you want somebody who wants to pay just for for a crab, we'll probably have a Bitcoin, or a Bitcoin depending on that. Okay, that's good, very experimental and cool. You can change your mind every day, that's what I was doing. Actually, we want to make sure that the first person who buys for Bitcoins, they'll get a special deal, because being first usually is being, I don't know, having an event. Oh, absolutely, you should have an Oak Crabes t-shirt, something, yeah, that you get. So, but if now Bitcoin becomes, like, worth $30 again by Tuesday, then you're going to have to give them like two or three crabs for that, right? Yeah, that's true. Yeah, that's right, that's true. Well adjusted, well adjusted. Just like the daily special. Yeah, that's what my customers are telling me, be aware, because the value fluctuates, so next time we can get something, you know. Right. And then, you know, the other alternative, you might think about this in the future, if it changes too much, lately it's been very stable, but it'll, I have a, my guess, my wild prediction that's based on nothing, is that it's going to just continue to go up, but it'll continue to go up and be jagged and jagged, just like our intro video, how it goes up, up, up, up, up, up, like that. I call it vibrations on the way up, but I expect that's going to happen again. Now that people are over the, you know, tumor nonsense, blowing hot air and, and the Mt. Gox obviously got hacked, but so did Citibank. So, you know, give it, you know, you know, everybody kind of sees past that to see the truth. Well, but fundamentals of Bitcoin haven't changed. Bitcoin wasn't affected at all, except for psychologically for a few queasy people, but other than that, it really, the worst disaster was leveling off. I mean, if that's the worst, then yeah, you know, nothing to lose. So, all right. So if it, oh, one of the things like MeziKrill, obviously their sponsor, but one of the things that, have you been to MeziKrill by the way? No, no, actually, our idea is like once we sell a couple of threads for Bitcoins, we're going to take this Bitcoins and go spend it at the end. Well, for a very nice dinner, yes. And vice versa, vice versa. My wife could do the same thing. That's so nice. Make sure you call in that he's there so you get to meet him. Yeah, he's a great, great friend. And so what they do, obviously, they just ring it. You can order anything you want. They ring it up in US dollars and with the sales tax that's applicable, whatever. And they just take the total divided by 14 or whatever it is at the moment, and then just say, that's the number of Bitcoin. Because Bitcoin, you don't have to, you know, you don't have to send one Bitcoin. Yeah, yeah. You can like, I was, I had left there, it was like, for two of us, it was like 0.76503. And we just said, boop, it's just as easy. Yeah, that's interesting. That's interesting. That's something to think about. You must have come up with interesting ideas like how to... Yeah, yeah, and I know for sure that there are some cash register companies that are already developing for Bitcoin. Amazing. Yeah, it's happening really, really fast. We call it internet speed. Or now they're calling it Bitcoin speed because it's just happening so fast that you'll really be able to either modify the cash register you already have if you're lucky with that company or a different cash register system that you'll just hit, you know, cash, credit card or Bitcoin. Well, in your case, cash or Bitcoin. I don't blame you. I wouldn't tell you that. I would add it to the internet. Does it get to the latest... Different companies have different methods, but some of them do it without the internet because you don't really need the internet. As long as the... Well, you need to know the value of Bitcoin, right? Well, yeah, they would have to, they would probably have to... Or they, you know, yeah, I guess they could get connected every so often or whatever, you're right, they would have to be connected somehow. But they can actually do the transaction offline if they have to. You know, the person, the customer, if they can send the Bitcoin, they would have to have internet. They'd send the Bitcoin to that address and you could verify that transaction. The transaction is pretty technical, but the transaction could actually be delivered to the internet later. So it's possible. But probably they'll be connected to the internet. Yeah, because you're right, they'll have to look up the value unless they actually price everything in Bitcoin, but that's kind of complex because it changes. One of the challenges for POM is just how to accept deep coins, especially like, you know, like, I think Android now has a Bitcoin wallet, but before they released it, the only way you can make the transaction now is if you bring your laptop, connect your wireless connection and then to the transaction. Now I see people find different solutions to simplify the process. Right, there's also the web-based version that you can go to mybitcoin.com. You know, some people have a small amount there just for their pocket change and what they're going to spend that day and you can do that with any device, whether with a web browser, even an iPhone or, you know, iPad or Android or anything. If you can get a web page, you can go there and use that. So that's another possibility. We have, I think we use a BitBillet service on the website. So basically you can make a transaction for using Bitcoins. So like if you go online, just click on the link, then make a transaction to their account. It sends a notification to there and to us. And then they can, like, request it by sending them. Right, that works really well. There's a lot of those types of services that you can integrate into your website too. So like, do you have people visit your website while they're in the store? So if they're in the restaurant, they bring up their laptop or their phone and they bring up your website and they just do it like that? Yes. Oh, that's very easy. That's a good idea. Actually, you know that you guys do merchants out there, whether you're, I mean, obviously online stores are using these tools and they're being built for online shopping carts and stores. There's a whole bunch of new ones that are coming out, you know, and we'll have several upcoming episodes to talk about this new technology. But remember this, your online store shopping carts are not just for online because if you have a brick and mortar, restaurant or gift store or whatever it is, you can just, you can even have a public terminal that they can get on the, even if they don't have it, you can, they can just go right up to the internet terminal that you provide for them and transact on your website and you can actually even have a shopping cart with menus and they have three of these and two strawberry crepes and one with chocolate and dot, dot, dot, dot, dot, boom and do the whole thing on the website and then it would, you know, I guess it would notify you by email or something like that. By the time they get up there, they already have a receipt. Yeah, that's it. That may actually make your order processing. That's true, yes. More efficient, yes. Yes, so wow, so high tech. Did you know he was such a geek when you met him? I'm still discovering his, his geekness. Yes, so you know I met him on IRC? Yes, I met him online. So you're a geek too. You met on IRC. This is a Bitcoin relationship made in online. You know about IRC. How did that happen? Well, I, you just... On the OTC, were you on the OTC, Bitcoin channel buying and selling? No, this was the way. Oh my gosh. The fact that you didn't know what IRC is, this is impressive, very impressive. That's cool. So yeah, the chat room, McCosey saying, Makoto, who is a girl, is saying a girl knows about IRC. They're shocked. It was like seven years ago? Yeah, seven years ago. I know, I was thinking it's like five years PBC before Bitcoin. Yeah. Crazy. IRC, IRC is like as old as the internet itself. That's amazing. Girls were using BBSs before the internet, they say. So funny. Yeah, I have one of the first BBSs ever in Michigan. But anyway. So o-crepes.com is the website, if you want to order. But if you order, no, obviously, you can't just go and order a web... No, we don't deliver. You don't deliver. You have to do the person. So in your case, you're actually using the website in the store. Yes. Specifically for customers. Because we also have a QR code so people can scan it. Yes. Like using our edges, just make a transaction. We try different ways for like make it easier for customers to make a transaction. I see you got an A-grading on the health department. That's good. Yeah, that's like us. Not pending or anything else. They have a great... New York City now has this great big like report card, A-B-C-D-E-F, your health department rating. So I guess it goes A-B-C-D-E-F. All the way up to R for rats. I don't know. Anyway, you got an A. That's good. That's good. That's really relief. We would try to get B because of Bitcoins. Yeah, but then... No, no, no. B does not stand for Bitcoins. No. Exactly. And it's not... It's not... I mean the name is O-Apostrophe-C-R-E-P-E-S. But the website is O-C-R-E-P-E-S. So there's an apostrophe in that but it actually should be a dash for the website. So... But the website is interesting. You can see the menu and you can explore it a little bit. You should put more of these pictures on the website because these pictures are great. Yeah, I should play it playing so rebound the website. Yeah. Do you have a good web designer? No, I'm kidding. He's probably so busy designing other people's websites. I know how... The plumber is leaky-sync. But it's beautiful. I love the menu. It looks really nice. And so... But obviously you can't order off of the website unless you're going to be actually there to pick it up. Yes. Okay, that's well. The concept is fresh. Very fresh. You need to buy it right away. Yeah. Right away. Because when you deliver, like you know, like you get cold. I can imagine a cold, soggy crepe. Yeah, that's so good. Yeah, UPS. Nah, that's not gonna be good. So, let's see. So you've been about a year and you said breakfast? Are you open in the morning? In the morning as well, yes. Breakfast, lunch and dinner. So you have breakfast crepes? Yes, we do have. Well, we open like a 10 o'clock so it's late breakfast. Late breakfast? Like brunch? More like brunch. Every day? Seven days a week? Seven days a week. Do you have enough room for a big brunch group on Sunday? A little bit. We have a couple of tables. We are really small for now. And intimate. And intimate. Intimate. Intimate. Nice. Nice. At this moment. Do you have drinks? Like do you have alcohol or? Not yet. Healthy. Healthy drinks. Healthy drinks, yes. What kind of drinks do you have? We'll make them fresh. Lemonade. Lemonade, ice, teas. Okay, we're waiting for lunch. Oh, crepes after, okay. Between two and three. We're gonna get every three and four, I guess. Yeah, we'll just go back with you. Maybe you can order online. I'll be ready when we get there. That's so cool. So, all right. So you discovered Bitcoin in December. And you started mining? Yeah, but I had a very old server. So I started mining using Bitcoin. And I did solo mining. Using the CPU or GPU? Using the CPU actually. Oh yeah. So I was doing solo mining instead of full mining. So I didn't really, I wasn't able to mine anything. And eventually I abandoned the idea of mining. And I thought I need to get Bitcoins other ways. Was this in December? No, no. Yeah, when I started mining, yeah. But like when the second time, like when I told Victoria, we should start accepting Bitcoin, because I thought I need to get those Bitcoins again. I tried to use it like, was it Dvala account to get? Oh, Dvala. Yeah, Dvala account to get. But it was just kind of complicated. So maybe it will be easier if we just start accepting Bitcoin, so I can actually accept the Bitcoin and just collect. Exactly, that is it. But let me tell you, not that easy. Because we have different sets of customers coming. Like some of them have no idea about Bitcoins. When they see the Bitcoin sign, they want to find out more. Is that? Yeah. You know? Oh, you could sell them Bitcoins, couldn't you? But then we have those who know about Bitcoins, who are very excited. And then I have a third set of customers who own Bitcoins. Those people. They don't want to spend them? No, they are sitting on Bitcoins. Oh, no. Oh, no, I have Bitcoins. I have Bitcoins. But that's the thing. I know, that's the thing. In the early days, people were saying, I don't know if merchants are... Everybody thinks merchants should accept Bitcoins. They see that that's important. But they're like, I don't think merchants are going to want to accept Bitcoins because several things, the value is changing too fast. So there are ways to solve that. And the other problem, but overall, as long as you don't cash it out the very next day, if you can hold on to it for a week or two, usually it just goes up. I mean, a dollar, the US dollar always goes down. You can be sure the dollar is going to go down over time. But slowly, it goes down. It's like your vision. It just goes bad slowly. You don't notice it. But with the Bitcoin, it's clearly over time. If you just look at the value once a month, you'll be very happy. So, but if you have to have the Bitcoins, like if everybody bought with Bitcoins, you'll have to sell them because, probably obviously you have to buy your food supplies in orders, right? And they don't take Bitcoin. Have you talked to your suppliers to see if they will accept Bitcoins? Not yet. Not yet? Eventually, yeah. As long as we have enough. Because we start talking about it. Okay. So the suppliers that you buy your ingredients from if you're watching, if you accept Bitcoin, I want you to contact O'Crapes because in Brooklyn, because they might very well consider switching if you have a better product and you'll accept Bitcoin. Absolutely. Organic, green, healthy, delicious, superior product. And you accept Bitcoin. You have a competitive advantage because you accept Bitcoin. Absolutely, yes. Absolutely. All right. And then, so have you thought about the idea of actually like buying some Bitcoins on, just on that box? Yeah, I was thinking about buying, but I thought like it's better if we get Bitcoins from customers. Well, that's so easy. You don't have to do anything. It's just going to give them to you, yeah. That, of course, it's just the cost is the cost of your overhead anyway. So what about, have you thought about buying Bitcoins and selling them to customers if they wanted to buy Bitcoins? Well, we didn't think about that, but actually now since you mentioned it, it's actually a good idea. Oh, I have another thing too. I don't know if you saw yesterday's episode, maybe not yet, but episode 23, we had Doug, what's his last name? Anyway, Doug from Bitbills. Have you heard of Bitbills? About the cards? Yes. Yes, I've watched that yesterday. That is so cool. That's a very, very good idea. Yeah, it's a currency, like little baseball trading cards, but you can't counterfeit them and they're actual Bitcoins. So you could, like in your cash register, you got 20s, 10s, 5s, 1s, and you can have Bitcoin cards and you could literally, you could keep them in there almost like lottery tickets or something. You could sell those cards and then you could accept them back. And so like it'd be interesting because people could actually buy Bitcoin from you and then the value doubles. They can redeem it next week for twice as many Craves. Usually people encourage people to go mine themselves. Yeah, do you? Really? Well, it's a special aspect. Well, like how can you get them to go mine? You could mine. It's now it's much harder. Yeah, it's a specialized industry now. They say you don't even, most people rate it, you don't even try to use a CPU. Because you need, well, not even CPU, you don't like the GPU, it's like not worth it, especially like, you know, they have to redeem it as much as possible. Yeah, there's these graphs in the form I'm sure you may have seen where they have these graphs where it goes up and down. It depends on the value of Bitcoin and the difficulty rate of the network. So when it hits this area, it's good to mine here, here, here, here as the thing goes up and down and it's good to buy here, here, here. So sometimes, so even if you have the investment and the equipment, the specialized hardware, special software, and expertise, then you still have to know that this is a good time to mine and okay, now turn it off and then now's a good time to mine and now it's not because of the electricity cost, it's very specialized. So for the average person it's much better just to go to Old Crapes and tell them you want to buy some Bitcoins and then you can sell them these Bitbill cards. Yes. It's so easy. You don't even need a computer. You can just put it in their wallet. That's really cool. And then, I guess they come in denominations of 20, 10, 5 and 1 Bitcoin. So the smallest is 1 Bitcoin but that's still, you've got 1 Bitcoin package so that's perfect. Yes. I think they also should make like less than 1 Bitcoin. They are. He asked on the show yesterday they're going to do half a Bitcoin. Half a Bitcoin. And I told him they need to do 0.1. Because yeah, I think people already like value 1 Bitcoin. It's like 1 dollar or not 1 dollar. It's 15 dollars. But we should start like using like microcoins because we need to... MBCs or something. Yeah, because they're talking about that on the form too. But yeah, like 0.1 Bitcoin is $1.50. It's even 0.1 Bitcoin is more than $1. Exactly, it's more than $1. Wow. It's just, it blows my mind. You can't think about things in a price of Bitcoin anymore. I still sort of, somehow in the back of my mind I think about like 1,000 Bitcoins like $1,000 but it's not. Not as much. Yeah, it's like a minute ago it was like $30,000. It's like, oh, it's crazy. So when Bit, you got in when Bitcoin was like in December, whatever it was between 20, 50. I don't remember what your progress was. Yeah. You bought like $100,000 worth of Bitcoin then, right? Yeah, I wish. Oh man. I always think that I would get an exclusive here. The billionaire. The billionaire. Even if I would buy it but I wouldn't tell it to you. Oh no, that's true. That's an honest. That's right. You also have Bitcoin Explorer and just find out if it's true or not. Right, right. So you don't sell anything that's illicit or, you know, dangerous, no drugs or weapons. It's just grapes. I mean, grapes can't be dangerous. They're just grapes. They can't be addictive. Adjective, absolutely. There's all this media hysteria from these moron politicians who are just owned by the bankers. They're just absolutely, they're, if you look at their political donations, they're coming from the banking community. 40% of our GMP is banking services, which aren't services at all. The service of taking your money out of your wallet and out of your bank account with all the thousand fees they charge you and so on and so on. Anyway, they make political contributions to these politicians and the politicians are just loud mouth saying Bitcoin drugs, Bitcoin drugs. It's such an onset. It's like a bit trying to... Yeah, but the truth is on the internet. The truth is here on the Bitcoin show, Bitcoins are for crepes. Bitcoins are more normal people who are healthy food and healthy living, healthy lifestyles. That's fantastic. So to tell me more about your menu, I want to hear about, because I saw some of the pictures and I was like, oh my gosh, I was, my mouth was watering. I saw chocolate things. We have, we have chocolate, we have mozzarella, we have strawberries and bananas. And also, we have savory crepes. Savory. Savory, like, for example, I think it's a celery. That's really helpful. So savory crepes for those who do not particularly want dessert, but they want just a healthy lunch. Oh. So what is in a savory crepe? You can get spinach, different kinds of cheeses. You can get meat. You would like chicken. So it's almost like a wrap. It is. The crepe is sweeter than a... It's, it's, it has a different quality than the regular wrap. Wrap is softer and it's, it's just different. Sounds delicious. When are you going to open a second location right over here in Manhattan? You will be surprised. I almost did. Oh. On Madison and Sirius, but then I decided. Oh my gosh. That's only black away. That's what I thought. Just when I was passing by. Is it still available? Let's do it. No, it's taken. We can go there for lunch every day. Everything is so quick in New York. Yes. Oh my gosh. Yeah, you need to do that. I mean, well, in the meantime, we'll, we'll go to Brooklyn, but... Yeah, maybe. Yes. And explore also our green spaces because we are renting from Green Desk and it's environmentally Wow. Conscious and very like affordable rent, month to month rent for small startups. That's why we have computer startups. Oh my gosh. And for retail, like us. So you have very interesting places going on. Very interesting things going on in Dumble right now. You hear that Anthony Anderson? I know you're watching. We just, we just did the premiere episode of the Anthony Anderson show yesterday. I don't know. I mean, not yesterday, Saturday. And Saturday is at four, right? Every Saturday at four. And we're talking about now doing it twice a week. We're going to work that into the schedule because it's so popular. But you'll get, you'll see Anthony Anderson. He's amazing. And he's all about conscious living, green living, all these things you're talking about. This is right up his alley. In fact, we're going to drag him over there to Oak Rapes today. And you'll meet him. Oh my gosh. Big, big, big, big things. You're going to totally hit it off with him. And we'll geek out about bitcoins and everything. They talk, we talk green and sustainable and all that. Conscious living. And we're like Bitcoin, Bitcoin, Bitcoin, Bitcoin. It's like, but they both, they go hand in hand. They really are. I mean, what isn't about both of those things? Protecting our health and our environment and money. Everything's related to money too. So it's, it's beautiful thing. So we can go there for breakfast. It opens at 10 a.m. And then can you have breakfast anytime or is there a certain time for breakfast? Certain time. Anytime. Anytime. Anytime, really. We can go to the breakfast, yes. You can have anything. So like, and there's a few, how many people can be seated at the same time? It's a small little place. It's a small little place. Nice. Those are the best. We try to keep it simple, you know. I believe in starting with something small and then growing something into bigger and instead the opposite. Oh, exactly. You start too big and it just doesn't work. That's it, yeah. In a falling big, failing big. That's true. That's great. That is so good. So I know there are lots and lots of tech geeks in New York and people traveling through New York. I mean, like I said, Mezzy Grill became, well, we'll have to get you guys as a sponsor too, of course. We're not going to let you out the door without that. But Mezzy Grill, you know, I have to tell you the story about Mezzy Grill is that we, you know, Ed and I live in Hell's Kitchen with Matt Neighborhood over there and we used to go there like three times a week because we just love their food. It's very, very healthy. You got to try it. It's mostly organic, very, very healthy, you know, the best quality ingredients and all that stuff, Mediterranean food. But we would go there. We found ourselves going there two or three times a week and then we just met the owner, Marwan and we became friends and so on. So months and months ago and then I entered, it was probably around then, like November, December that I told him about Bitcoin and he's like, what is that? You know, he's like, he always wants to hear what I have to talk about next. And so I'm talking about Bitcoin. He's like, wow, that's really cool. And like, yeah, yeah, yeah, I'll do that. You know, he's like, he says yes to whatever I tell him. And amazingly, okay, so he's one of the original three people who are three original corporate sponsors before we even got the studio. So they really, you know, gave us a vote of confidence. All right, I'll try and make this story short. So they became a sponsor and Ed and I were a little bit concerned because they're a New York restaurant and we're a global television network. So like our audience is in Australia and China and Brazil and Spain and everywhere on the planet. Russia probably. And Russia, yeah, of course. And so we were like, I hope they get enough business from this because they're a local New York thing. Well, you know, it's a Mediterranean restaurant that has now been featured on Al Jazeera English. I was there two days ago with CNN International for an hour shooting. Reuters NPR has done a whole story about that. He's like, oh my gosh, this is the best advertising investment ever. As I tell everybody, I say, you know, if you're a sponsor on the Bitcoin show, you don't just get an ad. You get a PR firm, a media PR firm. So they've had more publicity over this than anything. And I, you know, I didn't even realize that they're the first restaurant to accept Bitcoin in the world, but apparently so because it hasn't been challenged. So I guess it is. But so that's fantastic. That's great, yes. So how many people are actually shopping with Bitcoin versus just asking, what's this? What's a Bitcoin? I will tell you that majority of people are asking. Yeah. They do not know what the clients are. And when we mentioned that the Bitcoin is the decentralized and digital currency, everybody gets so excited. They're like, wow. And right in front of the register, they go to the, on their iPhones and check in Bitcoin.org. Yeah. The Bitcoin.org, that's where we send them. Right. And the less amount of people, they do know what Bitcoins are and the lesser amount of people do own them. Yeah, right. So that's, that's how it's divided, you know. And even lesser who own them and are willing to spend them. Exactly. And they're like, no, no, no, no, no. I'll give you my dollars. I don't care about dollars. But the general response is very positive. People are extremely excited. Everybody is very excited. Yeah. And, you know, even though I, you know, everybody wants, everybody who has Bitcoins knows they want to hold on to those Bitcoins and if anything, they want to buy more. But at the same time, you can always buy more. And so what I think is when I find a business that accepts Bitcoin, I really want to shop with, even though I have dollars in my pocket, I want to shop with Bitcoin because I want to support the Bitcoin economy. That's the problem because everybody's trying to collect and hold to Bitcoin because nobody wants to spend them. And like the only time they spend is just to trade and develop. Yeah. But you can always buy more Bitcoins. It's so easy. Tradehill.com with referral code TH-R141 and mountgox.com. You can just get right online and buy Bitcoins. It's so easy. So just buy more Bitcoins but support these guys who are on the cutting edge of this new economy. We talk about old media, newspapers and the big television networks and all that. We talk about old media and new media and how more and more old media is becoming irrelevant and that new media is becoming relevant. People are really getting their information from new media. And it's a wonderful, exciting thing. It's good. I thank God every day for the internet. The internet is the equalizer and the information network. So the real television network is the internet, obviously. So we've got old media, new media. And we also have the old economy and the new economy. I agree with that, yes. Mastercard, Visa, PayPal, banks, old economy is becoming irrelevant. And the more we support the new economy of Bitcoin that we actually are willing to buy and sell and trade and actually buy Bitcoins, even buy some extra Bitcoins so that you can support these merchants that accept Bitcoins and the more the Bitcoins are flowing the less we need dollars. The less we need the central bank and the debt and all that nonsense. We actually are thinking of introducing like one line of craps which we only sell for Bitcoins. It will be branded as a bee within a crab. Oh, you mean the most like a bee. Like a grill, like it has a bee with the two slashes on top of it. Yes, they have the Bitcoin, like Bitcoin Crave, absolutely. Did you, only buy with a Bitcoin. So they can proud owner of a Bitcoin, Bitcoin Crave. That's a great idea. Maybe like a sandwich, so there's one on top, one on the bottom, that's clearly a Bitcoin. Cool. I want to take just a moment because this is probably a good time once again to thank our sponsors because you know, you guys, these are the people who actually bring us to you. If it wasn't for these people who support the Bitcoin community, they support you, they support Bitcoin, they support only one TV in the Bitcoin show, they bring us to you every day. Every afternoon, Monday through Friday, 2 p.m. Eastern time, we're here in English language. Now we have Spanish language on Wednesdays at 4 p.m. and we're talking about, very, very soon, we're going to add Russian language Bitcoin show, Chinese, Portuguese, what else? French, German. Oh my gosh. This just goes on and on. It's nuts. We're expanding like Bitcoin. Read a Bitcoin. So these are the people that I want you to call them up and thank them for bringing us to you. And they are usgoldcoins.com. Andy Gauss is a monetary genius. He's my mentor when it comes to money in general. That's how we discovered him we discovered him as fans listening to his national radio shows and we became friends. We became his customers and now he's bringing his show The Real World of Money to Only One TV on Wednesday mornings at 10 a.m. It will be right here on Only One TV and he's a sponsor. So you've got to thank him. It's usgoldcoins.com. They will help you diversify your investments. They'll help you not store all your money in Bitcoin and certainly not in dollars but by rare U.S. gold and silver coins at a fair price. It's called numismatic coins gold and silver coins mostly U.S. as an investment and he's absolutely brilliant and totally impeccable with his honesty and you know when you if you're a customer of his and you're buying these things you get in a pinch and you need to sell them he'll buy them right back guaranteed. So his name is Andy Gauss and it's 1-800-HOTCOIN and he's totally accessible. You can literally just pick up your phone and call 1-800-HOTCOIN and ask for Andy Gauss and you will get him. You can ask him all the questions you want and tell him that you appreciate him supporting the Bitcoin show and only one TV and of course MESI Grill we never stopped talking about MESI Grill we love them it's M-E-Z-E grill.com MESI Grill that's Marwan so pop in there whenever you're in New York City if you live here you're traveling through I know people were rushing to the airport to head back to Tokyo and edit JFK and they're like no I have to go to MESI Grill I have to see this restaurant that takes Bitcoin I have to take pictures like everybody else all the media wants to take pictures of this place where authentic Mediterranean food meets authentic flavor is that it? I don't know this logo but their food is great it's fantastic we eat there two or three times a week and we absolutely love it and that's how we discovered the place thank Marwan for supporting us he is brilliant and his product is absolutely impeccable and of course tradehill.com tradehill T-R-A-D-E hill.com you can get bitcoins online it's one of the easiest ways to do it is even if you don't know anybody in your area that buys and sells bitcoins you want to buy some bitcoins and get into this thing whether it says an investment or just to support this new economy or just for fun to play around you can do it online really really fast somebody yesterday actually got on there put their bitcoins in there sold their bitcoins and had it wired into the bank account all before lunch it's really really fast tradehill.com and you get 10% off of your trade trade fees for the life of your account forever with this referral code for the bitcoin show so make sure it's on your screen now make sure you use this when you sign up it's T-H-R-1-4-1 thank you tradehill and mount gox of course m-t-g-o-x.com the original online exchange site that everybody knows it's so famous they've been around since the beginning they still have a massive market share and the guys are I have a long-term relationship with them I knew the founder and I know that obviously marked the current owner who's appeared on the show and even after their recent disaster of getting hacked it really wasn't such a disaster overall in the big picture because nobody lost any bitcoins or dollars except for mount gox lost a few they have backed everybody as far as their their money and they have appeared on the show they're not going into hiding I mean lesser people might have just ran away and taken people's money but they didn't they're back they're in for the long haul and they're very resilient mountgox.com we thank them for sponsoring the bitcoin show too so back to crepes tell me more so how many how many people do you have do you have several people working for you are you working there yourself all the time or how does that work no I have two people who help us to run our business and I have my my beautiful mother like a mother too that's so sweet my mama who is who is involved in this business did she make the crepes too she does she does make the best crepes is this she does make the best crepes yes that's the thing oh I thought you said she doesn't make the best crepes she makes crepes but not the best crepes no and then she makes it is this a family recipe it is a family recipe yes it's a family so she taught you she taught me oh wow that's fantastic so were you a crepe eater before you before you met no you're a geek you probably didn't eat at all twinkies and diet that's right for a regular coke probably coke and twinkies designing websites that's cool that is cool that's a very healthy so do you have any that are vegan or vegetarian well obviously vegetarian right yes vegetarian and one of them it's called yoga sun yoga sun is vegetarian and it's extremely popular oh what's in that spinach feta cheese mushrooms people you can also create your own people add ingredients and they create their own crepes oh really you're going to pick all the ingredients you want and then you make it's called design your own crepe design your own people design all the time okay oh i'm getting so hungry i want to go there okay we're going to take a field trip and go to go to oak rapes that's cool and so where where is it i haven't been there yet so but i see the pictures that um where is it how do people find it what's the easiest way to find it if you don't have a car and you're not new york city of the subway it's right under the brookland bridge under the montane bridge i think the closest train stop stop it's the f-train f like frank yeah okay sweet young street no york york york f-train to york street it's for a stop in brookland oh for a stop that's easy and then what then when you get out and when you get out just look toward the water and on the front street you might collapse and look for the sign shops on the front street that's where the old green shops clustered from the green desk can be a part of green desk so that's green desk green desk yes green shops so these are what like environmentally friendly yes they're renting environmentally friendly spaces and very affordable for new yorkers for the small companies to start their businesses and also for startups for startups the amazing places absolutely yeah nice okay yeah okay so i did the f-train to the first stop in brookland it's just front street front street front street and then i look for the shops on front street no okay and it's right on the water no it's in the middle two blocks two blocks down the water okay all right cool and what's the address 147 front street 147 front street okay all right so check it out guys and bring your bitcoin and spend them because you can always buy more and trade hell not gox support the bitcoin community well so what else what else do you want to tell want people to know about how hard was it to i mean i know you're using bit will it right yes but um like we tried different like i was trying to come up with a different solution i think like i guess the best way if they somebody will just email us talk to us they can make transaction online and then they can come to the store and pick up the prep and i guess that'll probably be the easiest way yeah but now your email and say emails i didn't see an email on your website you need to put your email address on there if you this is a section contact oh there is a we missed it okay we couldn't find it but i don't know but uh we check that so but so if they email it if you email you and then they can arrange it in advance and when you um the bitcoin like the bitcoin qr code that you use it's the same for everybody right and are you using are you using like what uh after using uh it's just the qr code to get our address yeah like you just use this address to make a transaction and they are using the standard bitcoin client or one of the web-based uh bitcoin client um no we for the website we use bit will it or nothing like we use there and we also have just a regular standard client to get our client yeah so we can access okay and then now how do you as the technologist like how how are you protecting you're using the standard client how are you protecting the wallet file so that it's not stolen by a a disaster that you raise protect them by protecting my computer yeah also sometimes like if it's a lot of bitcoins I back them up with amazon or some other yeah some others yeah now what about are you using mac or windows I work in both machine but mostly mac mostly mac okay so you have less issue with viruses although it's not immune to viruses well I still try to protect them like if I'm on pc yeah it's not just backing them up either because like a backup copy is great but if a virus grabs it yeah if it's um yes yeah there was a lot of issues like that yeah as you know a lot of security issues so yeah there's a lot of issues that arises because of the security like people don't still try to figure out how to operate with bitcoins exactly but eventually we'll you know we'll be solved somehow like you know I hope the next version of bitcoin and the client will have it's encrypted yeah so at least we definitely it is I don't know if you read that but that's exactly right the next major version is going to have the encrypted wallet already and um actually later today like right after that we're done taping we're going to do a tutorial video that's going to actually teach people it's not the easiest thing but it's it's something that you can do and do it yourself little tutorial so people can watch this video and it's going to show you how to do two things actually three things three different videos one is how to create um an encrypted wallet inside of a true crypt of volume that you do it yourself so you you can't I mean you don't have to be super super technical but you have to you know you don't have to know how to work a mouse and follow the video but it's a couple steps but at least you can do it right now and you don't have to trust anybody else you can do it yourself if you know as long as you can trust your own ability to follow these instructions to create the the wallet directly in the encrypted volume so it always stays encrypted and that's a certain level of security and then that's for I call it your Bitcoin checking account like the like you're you know less than a month's income you would keep in there all right in general and then we're going to do us another separate video of how to do your like long-term savings account version so it's the same idea but it's completely secure and then and just keep it offline and backed up and encrypted and it's always encrypted and always offline and then that way you just keep the address to send the bitcoins to so some people like one of our guys here he says he's committed every paycheck he gets he's putting half of it into Bitcoin so he's going to send half of his money into Bitcoin with it all he needs is that address he sends it to that address and and his actual private keys you know the the wallets and the fact are encrypted and stored offline so they can be in a safety deposit box and backed up they can email it to his mom or whatever and nobody can do anything with it because they're encrypted see and they're not physical they're digital so it's brilliant way to do it and all you have to do is just keep sending it to that address and then all you need is any copy of it and your secret password and you can retrieve it from anywhere there's internet so we're going to teach how to do that part and then the third part is something so simple and so generic that it actually applies to absolutely everything online and I I can't believe that everybody who uses the internet doesn't do this but that is a password manager and now we're realizing that it's really really important because I tell people we're not talking about email we're not talking about documents we're talking about money now money so it's important that we use a different password for every single website and a long crazy unreadable no words in a password and of course it's not convenient and the only way to do it that's convenient is a password manager so we're going to teach people how to use this thing called key pass x which is excuse me it's a free open source applications available on all platforms even your phone you know I use what we do is we use key pass x and drop box so I have a key pass x is an encrypted file itself so I have key pass x file on my drop box that then is on my phone your android your iphone your ipad your mac your windows your linux everything and it's so easy we use that right here in the office for everything so everybody has their own key pass x file so you have a different you have a long super secure password for you know a blog for anything you know and it's like why not if you're going to do it for a few things then just do it for everything and it's like click like it's absolutely faster to log in but that's so important the reason I I always reiterate that is that it's so important people have friends of mine have lost significant amount of bitcoin because they made a terrible mistake they didn't lose their bitcoins on mount gox but they used an insecure pass a really easy short password it doesn't have to be like easy or difficult it's just short if it's just not long enough they use this password in the in mount gox and the same logonity same password over here on my bitcoin and they didn't lose the mount gox but somebody got their password and then they used it on my bitcoin and they lost all their bitcoin and that's a disaster so this breaks my heart and this can be avoided by a simple password manager so that's what the third video is how to protect yourself for the password manager for everything you do online because there's you know there's no reason for anybody so the lightning was a little bit almost all set yeah the hacking and all the things the hacking and breaking and it's not even so much of like okay so they hacked you know gawker.com or something like that or whatever it's like okay even if they stole your credit card numbers who cares you can always stop the credit card but but the the worst part is literally your name your name and your email address and your password because if you use that same password which I'm guilty of I had my that's what happened to me I had that I'd use my same login ID and same password for absolutely everything except banking I mean everything because it's everybody does that because it's lazy I mean I can't remember 5,000 passwords I can't even remember one you know so I use the same password for everything and then gawker got hacked as you may remember that blog that has several blogs whatever and then they put your ID and your password out on the internet so they can use that and the computer automated you know in an automated fashion they can hack into absolutely every website and try it so now they got your Gmail account they got now with your Gmail account they can get it they can get into your banking they can get into everything so it's really really much more dangerous than you think to use the same password even for two like somebody would say well this is my bitcoin password so I use it on all my bitcoin sites no no no you don't use it on any two sites because they hack one they got them both it's just it's like having the same key that opens everything in your life that's just so yeah it's just so silly really but anyway I mean sadly people are learning the hard way and I feel I feel really bad that I didn't emphasize that more earlier but now we do so I mean that's the three videos the checking bitcoin checking bitcoin savings and the how to protect your passwords it's very important we're going to yeah it's very important very important yeah and these new apps and these new cash register point of sale systems and all this new software you know at android you mentioned the android bitcoin app I think there's two of them now our hackathon created one bitcoinlabs.com and then now there's another one out there that uses I forgot what it's called bitpay I think yeah the app is called bitpay yeah it's another one and it looks very slick too they're very very similar just a different interface and a little bit different approach but and they're both both the android bitcoin apps are in beta so don't put any serious money on there just yeah you can buy a creep yeah yeah you can buy a creep right yeah don't put maybe you know maybe less than $20 or something you're not gonna like you're not gonna cry yourself to sleep if you lose it or something because they are beta programs in there but they're improving them and now that they have them out I mean it was like a real super super high priority for our hackathon people to get it out in fact we rate we wagered a bitcoin over it I said he's like I he's like I'll bet you a bitcoin it won't be in the app market by midnight I'm like okay it's worth it we'll bet and he had it in the market by midnight so I was like okay I owe him a bitcoin but so now that was a real high priority to get it in there now it's in there now it's a high priority to actually improve it and make it rock solid reliable because obviously it's money you know it's it's kind of dangerous to have and it's much more dangerous than a normal app because if you have it on your phone and you actually like clear the cache clear the data uninstall it or automatic updates a lot of these things can actually you know could potentially wipe out your wallet so you have to be very very careful and just use pocket change with those apps at the at the current point the new generation of apps that will come out will be much more sophisticated because though the whole thing will be stored offline and backed up and encrypted at every step of the way so that no matter what happens you can just drop your phone in the lake and it'll still be recoverable because that's actually that's how the should be done yes you like how they will be on the yeah exactly exactly so you know the that's why I really do I really hate to admit it but I love the web-based ones because it's just a web page you know and you could literally drop your phone in the lake and it's still on the website it's out there in the cloud you know the drawback is that you're trusting this other entity but it really does work well and you know that's what like that's what Missy Grill does they have just they're just using my bitcoin.com it's so easy but you know these other apps are are approving going to prove to have a lot of the same benefits and be just as easy but you have total control over the the bitcoin instead of someone else so it's a good thing because a lot of people that's the hope there's so many things we were talking about this today this morning actually I was on a conference called about bitcoin like any other day and we were talking about how there's so many phases to the implementation and the mass adoption of bitcoin bitcoin will be mass adoption and eventually is like that like it's much faster than people think much much faster I agree with that yeah it's absolutely happening at lightning speed and people tell me things so I know I know I really know this is happening fast and so one of the things I notice is that there are solutions to problems right now they're sort of like bandings they're like bridges they're almost like you put plywood down over a puddle as a temporary thing to get over because these things like the web-based bitcoin mybitcoin.com for example it's a it serves a great purpose and all that but it has some drawbacks because it's centralized and bitcoin is decentralized and we've lost a benefit there the other thing is the exchange sites that go through banking they're wonderful they're great I mean they're we rely on them obviously heavily rely on them everybody knows that which is also two problems it's a central point of failure in a way it's it's sort of centralized to some extent and even though there's now there's multiple exchange sites and more popping up and everybody agrees the more the better even Mt. Gox and Trade Hill will be the first ones to say we don't want to be the only exchange site nobody wants a hundred percent market share it's not healthy for bitcoin and everyone wants bitcoin to succeed so it's a it's a central there's a central aspect of it that it's centralized I mean and the other problem is that it goes through banks you have to wire money to them and you lose the you know people talking about anonymity but I like to use the word financial privacy you know what happened to privacy you know we're in an age of Facebook and everybody knows everything and it's like you know there's a reason why we have doors on our house and why we have blinds on our windows every human being has a little bit of privacy but you know we're entitled to it's like an inalienable inalienable human right that everybody deserves a little bit of privacy and it doesn't have to be for anything illicit or dangerous or illegal it's just privacy you know so you lose that when your financial privacy when you have to tie it to your bank account now we're right back to PayPal and Master Garvisa you know and so we lose a little bit of that with those on the other hand oh and Bitbills is another example brilliant brilliant idea it's a wonderful tool and absolutely something I highly recommend especially like his new product I don't know if you saw this yet it's called a bank card he calls it a bank card because it's like a I think of it as a piggy bank it's like a piggy bank card it's basically the same thing that we're talking about you create yourself but they've already done it for you and it's got a public and private key and etched in like literally etched in metal and it's inside of a case inside of an envelope and you can literally put it in your safety deposit box or bury it in your backyard or whatever you want to do with it and then you keep another little plastic card that's the address and you just send money to it send Bitcoin to it all the time and you can't nobody can access it ever ever ever unless they get that metal card okay so it's absolutely brilliant absolutely wonderful there's it's low-tech anybody can do it this is the value and you have a physical object and say okay this is it like a bar of gold this is it you know and everyone can understand how to protect something physical the only drawback to that is now you have something physical right so like if they say you know leave the country we're going to strip search you on the way out of the country and strip search you on the way in the country you can't take it with you you now have to protect a little physical object so we've lost some of the benefit of Bitcoin again because one of the big benefits is that it's on the internet it's distributed in its virtual so these are all great great tools and different angles to do things but each one of those little bridge technologies are very beneficial but they lose a little bit of the benefit of Bitcoin the beauty of Bitcoin itself so all right or we've got four minutes left so tell us what would you like to tell the world about being a merchant and your experience accepting Bitcoin and and what advice would you have to merchants who want to accept Bitcoin Jesse just started doing this first of all it's not the best advice you should start accepting Bitcoins but it's also the absolute state of trick here because of transition but eventually it will become much much easier with time and for people who want to be our customers you should don't call to your Bitcoins you just start spending them yeah spend the Bitcoins so Bitcoins will gain more value and also for the merchants be forward thinkers yeah try to think ahead understand that everything nothing stands still everything evolves that's right and there will be new economy there's a flow right there's a flow of giving and receiving it's like when you you know some people who are like stingy and they want to hold hold hold onto things they never give or they never receive which is just as bad if people try to give you a gift and you're like no no no I couldn't I couldn't you have to say yes thank you the only thing when someone gives you a gift there's only one proper thing to say and that is thank you and accept it you have to accept gifts and you also have to put it back out there too and that you got to keep that flow and that's if anything works like that money works like that so you want if you want to hold onto your Bitcoins as an investment okay that's great but the problem is that it will grow in value much more if Bitcoin becomes a currency that flows like fluid like water so don't worry you can always buy more they're mining it all the time you can just buy more and if you're gonna if you're gonna spend $20 anyway then spend $20 and buy a Bitcoin and then spend that Bitcoin keep it in circulation keep it going in and really grow this community as the as merchants accept Bitcoin more and more they have more experience with it they're gonna get better and better systems they're gonna get better at accepting it just like the early days of credit cards or anything else it's gonna get really really efficient and what we do with test actually well test different technology like what's the most efficient way to accept it like what's the most secure way to do this and that exactly and I'm sure eventually like one technology will prevail over the other one way or for some customers this can be one way to make a transaction farther it can be in a different way right the trend to figure out trying the chat room says why would I spend my Bitcoin when I know it's gonna be worth $1,000 in a year the thing is yeah but it's not right now so spend $14 buy a Bitcoin and then buy a Crape okay and then but buy another Bitcoin the other one will be worth $1,000 in a year so obviously we get the idea well thank you guys so much we really appreciate you taking the time away from your busy Crape Crapery Empire and we really appreciate where to come and visit you and have some have some breakfast, legend thank you for inviting us thanks so much it's a pleasure thank you all right guys take care thank you for joining us and we'll see you at the same time 2 p.m. tomorrow bye bye