... didn't take responsibility for their-

D-IH1 D-AH0-N-T T-EY1 K-R-IY0-S P-AA2-N S-AH0 B-IH1 L-AH0 T-IY0 F-AO1-R DH-EH1-R


... cheating. they said it, it was like, why did you cheat? and it's like-

CH-IY1 T-IH0-NG DH-EY1 S-EH1 D-IH1 T-IH1 T-W-AA1 Z-L-AY1 K-W-AY1 D-IH1 D-Y-UW1 CH-IY1 T-AH0-N D-IH1-T S-L-AY1-K


... i wasn't getting attention. oh, because we got into an argument and yada yada. oh, because it was long distance-yeah.no you cheated because you-

AY1 W-AO1-S-T G-EH1 T-IH0 NG-AH0 T-EH1-N SH-AH0 N-OW1 B-IH0 K-AO1 Z-W-IY1 G-AA1 T-IH0-N T-UW1 AE1 N-AA1-R G-Y-AH0 M-AH0-N T-AH0-N D-Y-AA1 D-AH0 Y-AA1 D-AH0 OW1 B-IH0 K-AO1 Z-IH1 T-W-AA1 Z-L-AO1-NG D-IH0-S T-AE2-N CH-IY0 EY1 N-IY0 OW0 Y-UW1 CH-IY1 T-AH0-D B-IH0 K-AO1 Z-Y-UW1


... i still like this dude and we about to hook up. so there's-

AY1-S T-IH1-L L-AY1-K DH-IH1-S D-UW1 D-AH0-N D-W-IY1 AH0 B-AW1-T T-UW1 HH-UH1 K-AH1-P S-OW1 DH-EH1-R-Z


... because what? because why? no-

B-IH0 K-AO1 Z-W-AH1-T B-IH0 K-AO1 Z-W-AY1 N-OW1


... i want you to go-


... then that was unfinished business, so-

DH-EH1-N DH-AE1 T-W-AA1 Z-AH0-N F-IH1 N-IH0-SH-T B-IH1 Z-N-AH0-S S-OW1


... i'm unhappy. i'm going to leave this situation-

IH1 M-AH0-N HH-AE1 P-IY0 IH1-M G-OW1 IH0-NG T-UW1 L-IY1-V DH-IH1-S S-IH2 CH-UW0 EY1 SH-AH0-N


... or i'm unhappy, i'm going to talk to my partner-

AO1 R-IH1 M-AH0-N HH-AE1 P-IY0 IH1-M G-OW1 IH0-NG T-UW1 T-AO1-K T-UW1 M-AY1 P-AA1-R T-N-ER0


... and talk to him about it. instead we just be sneaky and it's like-

AH0-N-D T-AO1-K T-UW1 HH-IH1 M-AH0 B-AW1 T-IH1 T-IH0-N-S T-EH1 D-W-IY1 JH-AH1-S-T B-IY1 S-N-IY1 K-IY0 AH0-N D-IH1-T S-L-AY1-K


... without telling too much-

W-IH0 TH-AW1-T T-EH1 L-IH0-NG T-UW1 M-AH1-CH


... when you face that, and then-

W-EH1 N-Y-UW1 F-EY1-S DH-AE1 T-AH0-N-D DH-EH1-N


... when you say, okay, i no longer want to entertain any of this bull-

W-EH1 N-Y-UW1 S-EY1 OW2 K-EY1 AY1 N-OW1 L-AO1-NG G-ER0 W-AA1-N-T T-UW1 EH2-N T-ER0 T-EY1 N-EH1 N-IY0 AH1-V DH-IH1-S B-UH1-L


... now you're thinking like a 30 year old, which is really-

N-AW1 Y-UW1 AA1-R TH-IH1-NG K-IH0 NG-L-AY1 K-AH0 TH-ER1 D-IY0 Y-IH1 R-OW1-L D-W-IH1 CH-IH1 Z-R-IH1 L-IY0


... think back when you was a cheater, you've never been-

TH-IH1-NG-K B-AE1 K-W-EH1 N-Y-UW1 W-AA1 Z-AH0 CH-IY1 T-ER0 Y-UW1 V-N-EH1 V-ER0 B-IH1-N


... a lot of guys initially answered this question and i'm like, absolutely not. no, trust is gone, blah, blah, blah, blah. and i felt the way, because i'm like, okay, so-

AH0 L-AA1 T-AH1-V G-AY1 Z-IH0 N-IH1 SH-AH0 L-IY0 AE1-N S-ER0-D DH-IH1-S K-W-EH1-S CH-AH0 N-AH0-N D-IH1 M-L-AY1 K-AE2-B S-AH0 L-UW1 T-L-IY0 N-AA1 T-N-OW1 T-R-AH1-S T-IH1-Z G-AO1-N B-L-AA1 B-L-AA1 B-L-AA1 B-L-AA1 AH0-N D-AY1 F-EH1-L-T DH-AH0 W-EY1 B-IH0 K-AO1 Z-IH1 M-L-AY1 K-OW2 K-EY1 S-OW1


... guys don't think that trust can be restored or that the relationship will work-

G-AY1-Z D-AA1-N-T TH-IH1-NG-K DH-AE1-T T-R-AH1-S-T K-AE1-N B-IY1 R-IH0-S T-AO1-R D-AO1-R DH-AE1-T DH-AH0 R-IY0 L-EY1 SH-AH0-N SH-IH2 P-W-IH1 L-W-ER1-K


... but when they cheat, it's like, "oh, come on, forgive-"

B-AH1 T-W-EH1-N DH-EY1 CH-IY1 T-IH1-T S-L-AY1 K-OW1 K-AH1 M-AA1-N F-ER0 G-IH1-V


... me.", i'll never do it again. and-

M-IY1 IH1-L N-EH1 V-ER0 D-UW1 IH1 T-AH0 G-EH1 N-AH0-N-D


... the ladies do. nah don't-

DH-AH0 L-EY1 D-IY0-Z D-UW1 N-AA1 D-AA1-N-T


... i got a lot of pride too-

AY1 G-AA1 T-AH0 L-AA1 T-AH1-V P-R-AY1-D T-UW1


... they'll want to be like, "oh, do better-"

TH-EY1 L-W-AA1-N-T T-UW1 B-IY1 L-AY1 K-OW1 D-UW1 B-EH1 T-ER0


... me. you're asking me? no, it's a difference between a hug and-

M-IY1 Y-UH1 R-AE1-S K-IH0-NG M-IY1 N-OW1 IH1-T S-AH0 D-IH1 F-ER0 AH0-N-S B-IH0 T-W-IY1 N-AH0 HH-AH1 G-AH0-N-D


... like you smelling her neck. you're doing a little too much. like-

L-AY1 K-Y-UW1 S-M-EH1 L-IH0-NG HH-ER0 N-EH1 K-Y-UH1-R D-UW1 IH0 NG-AH0 L-IH1 T-AH0-L T-UW1 M-AH1 CH-L-AY1-K


... if it [crosstalk 00:02:57]. if i did the same thing to you-

IH1 F-IH1-T K-R-AO1-S T-AO1-K Z-IH1 R-OW0 AW1 ER0-Z T-UW1 M-IH1 N-AH0-T S-AH0-N-D F-IH1-F T-IY0 S-EH1 V-AH0-N S-EH1 K-AH0-N-D Z-IH1 F-AY1 D-IH1-D DH-AH0 S-EY1-M TH-IH1-NG T-UW1 Y-UW1


... know what i mean. you have to think about your partner. like-

N-OW1 W-AH1 T-AY1 M-IY1 N-Y-UW1 HH-AE1-V T-UW1 TH-IH1-NG K-AH0 B-AW1 T-Y-AO1-R P-AA1-R T-N-ER0 L-AY1-K


... your partner may not care if you go and hug somebody and do a deep embrace with somebody, but-

Y-AO1-R P-AA1-R T-N-ER0 M-EY1 N-AA1-T K-EH1 R-IH1 F-Y-UW1 G-OW1 AH0-N-D HH-AH1-G S-AH1-M B-AA2 D-IY0 AH0-N-D D-UW1 AH0 D-IY1 P-EH0-M B-R-EY1 S-W-IH1-DH S-AH1-M B-AA2 D-IY0 B-AH1-T


... okay.if it's... if you feel bad, if you-

OW0 K-AY1 AH0 F-IH1-T S-IH1 F-Y-UW1 F-IY1-L B-AE1 D-IH1 F-Y-UW1


... i feel like that's cheating.yeah, it's-

AY1 F-IY1-L L-AY1-K TH-AE1-T-S CH-IY2 T-IH0-NG G-IY1 AH0 IH1-T-S


... it's like borderline cheating is something that you should not be doing.

IH1-T S-L-AY1-K B-AO1-R D-ER0 L-AY2-N CH-IY1 T-IH0 NG-IH1-Z S-AH1-M TH-IH0-NG DH-AE1 T-Y-UW1 SH-UH1 D-N-AA1-T B-IY1 D-UW1 IH0-NG


... was how a lot of these chicks are, i would be like-

W-AA1-Z HH-AW1 AH0 L-AA1 T-AH1-V DH-IY1-Z CH-IH1-K S-AA1 R-AY1 W-UH1-D B-IY1 L-AY1-K


... i think we have a-


... that, i'm like, aight man-


... enough, control yourself-she started it though.but to me it's like-

IH0 N-AH1-F K-AH0-N T-R-OW1 L-Y-ER1 S-AH0-L-F-S-S T-AA1-R T-AH0 D-IH1-T TH-AW1 B-AH0-T T-UW1 M-IY1 IH1-T S-L-AY1-K


... because a part of me is like, i get it. it's no big deal-

B-IH0 K-AO1 Z-AH0 P-AA1-R T-AH1 V-M-IY1 IH1 Z-L-AY1 K-AY1 G-EH1 T-IH1 T-IH1-T S-N-OW1 B-IH1-G D-IY1-L


... would've cheated.yeah.it's just that easy-

W-UH1-D-L-V CH-IY1 T-IH0 D-AY2-T-S JH-AH1-S-T DH-AE1 T-IY1 Z-IY0


... yeah, that was one of the reasons, she was attracted. nigga just wanted to fuck-

Y-AE1 DH-AE1 T-W-AA1 Z-W-AH1 N-AH1-V DH-AH0 R-IY1 Z-AH0-N-Z SH-IY1 W-AA1 Z-AH0 T-R-AE1-K T-AH0 D-N-IH1 G-AH0 JH-AH1-S T-W-AA1-N T-AH0-D T-UW1 F-AH1-K


...didn't want, you didn't want to cheat that bad-

D-IH1 D-AH0-N T-W-AA1-N T-Y-UW1 D-IH1 D-AH0-N T-W-AA1-N-T T-UW1 CH-IY1-T DH-AE1-T B-AE1-D


... so when i know i can't trust you. it's like, oh-

S-OW1 W-EH1 N-AY1 N-OW1 AY1 K-AE1-N-T T-R-AH1-S T-Y-UW1 IH1-T S-L-AY1 K-OW1


... so then once i say-


... yeah, dj envy, he cheated-

Y-AE1 JH-IY1 D-IY1 EH1-N V-IY0 HH-IY1 CH-IY1 T-AH0-D


... and this is why, i, myself have to end the relationship, because i-won't get over it.not going to get over it, because i-

AH0-N-D DH-IH1 S-IH1 Z-W-AY1 AY1 M-AY2 S-EH1-L-F HH-AE1-V T-UW1 EH1-N-D DH-AH0 R-IY0 L-EY1 SH-AH0-N SH-IH2-P B-IH0 K-AO1 Z-AY1 W-AH0-N-T G-EH1 T-OW1 V-ER0 IH1 T-N-AA2-T G-OW1 IH0-NG T-UW1 G-EH1 T-OW1 V-ER0 IH1-T B-IH0 K-AO1 Z-AY1


... you have to... deciding to stay with a cheater or in that relation-

Y-UW1 HH-AE1-V T-UW1 D-AH0 S-AY1 D-IH0-NG T-UW1-S T-EY1 W-IH1 DH-AH0 CH-IY1 T-ER0 AO1 R-IH0-N DH-AE1 T-R-IY0 L-EY1 SH-AH0-N


... relationship, no, this is true. deciding to stay with the cheater-

R-IY0 L-EY1 SH-AH0-N SH-IH2 P-N-OW1 DH-IH1 S-IH1-Z T-R-UW1 D-AH0 S-AY1 D-IH0-NG T-UW1-S T-EY1 W-IH1-DH DH-AH0 CH-IY1 T-ER0


... that cheater has to understand that you're going-

DH-AE1-T CH-IY1 T-ER0 HH-AE1-Z T-UW1 AH2-N D-ER0-S T-AE1-N-D DH-AE1 T-Y-UH1-R G-OW1 IH0-NG


... you better make-


... sure you reply to text messages two seconds before they sent, like-

SH-UH1 R-Y-UW1 R-IH0 P-L-AY1 T-UW1 T-EH1-K-S T-M-EH1 S-AH0 JH-AH0-Z T-UW1 S-EH1 K-AH0-N-D-Z B-IH0 F-AO1-R DH-EY1 S-EH1-N T-L-AY1-K


... and you never get it back to where it was-

AH0-N D-Y-UW1 N-EH1 V-ER0 G-EH1 T-IH1-T B-AE1-K T-UW1 W-EH1 R-IH1 T-W-AA1-Z


... don't do it. as far as don't doing it-

D-AA1-N-T D-UW1 IH1 T-AE1-Z F-AA1 R-AE1-Z D-AA1-N-T D-UW1 IH0 NG-IH1-T


... hear me out because-


... i was once a cheater. i am-

AY1 W-AA1 Z-W-AH1-N S-AH0 CH-IY1 T-ER0 AY1 AE1-M


... so once a cheater, always a cheater. meaning-

S-OW1 W-AH1-N S-AH0 CH-IY1 T-ER0 AO1 L-W-EY2 Z-AH0 CH-IY1 T-ER0 M-IY1 N-IH0-NG


... number one, you'll always be a cheater in that relationship. you cheated on me-

N-AH1-M B-ER0 W-AH1 N-Y-UW1 L-AO1 L-W-EY2-Z B-IY1 AH0 CH-IY1 T-ER0 IH0-N DH-AE1 T-R-IY0 L-EY1 SH-AH0-N SH-IH2 P-Y-UW1 CH-IY1 T-AH0 D-AA1-N M-IY1


... for me. you're always going to be a cheater, right? and-

F-AO1-R M-IY1 Y-UH1 R-AO1 L-W-EY2-Z G-OW1 IH0-NG T-UW1 B-IY1 AH0 CH-IY1 T-ER0 R-AY1 T-AH0-N-D


... calling all cheaters-


... let's go to shout-outs. do you have any-

L-EH1-T-S G-OW1 T-UW1 SH-AW1 T-AH0-T-S D-UW1 Y-UW1 HH-AE1 V-EH1 N-IY0


... here's a stack. shush, shush, shush-

HH-IH1-R Z-AH0-S T-AE1-K SH-AH1-SH SH-AH1-SH SH-AH1-SH


... i'm serious. if you're broke and you got a-

IH1-M S-IH1 R-IY0 AH0 S-IH1 F-Y-UH1-R B-R-OW1 K-AH0-N D-Y-UW1 G-AA1 T-AH0


... want the drama from the wife-really.that is-

W-AA1-N-T DH-AH0 D-R-AA1 M-AH0 F-R-AH1-M DH-AH0 W-AY2 F-ER0 W-IY1-TH P-AH0 L-AH0 T-IH1-Z


... some sanctified shit. you don't mess... nah, i am way, way against that. i am way, way... married? if you want to be a side-chick to girlfriend, boyfriend, all right, whatever-

S-AH1-M S-AE1-NG-K T-AH0 F-AY2-D SH-IH1 T-Y-UW1 D-AA1-N T-M-EH1 S-N-AA1 AY1 AE1 M-W-EY1 W-EY1 AH0 G-EH1-N-S-T DH-AE1 T-AY1 AE1 M-W-EY1 W-EY1 M-EH1 R-IY0 D-IH1 F-Y-UW1 W-AA1-N-T T-UW1 B-IY1 AH0 S-AY1 D-IH0 K-IH0-K T-UW1 G-ER1-L F-R-EH2-N-D B-OY1 F-R-EH2-N D-AO1-L R-AY1 T-W-AH2 T-EH1 V-ER0


... that's really serious. you can't just be like, "i'm done with you.", and then that's it-

TH-AE1-T S-R-IH1 L-IY0 S-IH1 R-IY0 AH0 S-Y-UW1 K-AE1-N-T JH-AH1-S-T B-IY1 L-AY1 K-IH1-M D-AH1 N-W-IH1 DH-Y-UW1 AH0-N-D DH-EH1-N TH-AE1-T S-IH1-T


... we would have to discuss that as-

W-IY1 W-UH1-D HH-AE1-V T-UW1 D-IH0-S K-AH1-S DH-AE1 T-AE1-Z


... i don't care. i'm telling, i am telling-

AY1 D-AA1-N-T K-EH1 R-IH1-M T-EH1 L-IH0 NG-AY1 AE1-M T-EH1 L-IH0-NG


... you just got to have your own life. like-

Y-UW1 JH-AH1-S-T G-AA1-T T-UW1 HH-AE1 V-Y-AO1 R-OW1 N-L-AY1 F-L-AY1-K


... to them. why am i attaching myself to someone who's already attached to somebody else?-

T-UW1 DH-EH1 M-W-AY1 AE1 M-AY1 AH0 T-AE1 CH-IH0-NG M-AY2 S-EH1-L-F T-UW1 S-AH1 M-W-AH2-N HH-UW1 Z-AO0-L R-EH1 D-IY0 AH0 T-AE1-CH-T T-UW1 S-AH1-M B-AA2 D-IY0 EH1-L-S


... dude, that's not fun for me-

D-UW1-D TH-AE1-T S-N-AA1-T F-AH1-N F-AO1-R M-IY1


... i don't... listen, it's something that i am not part... no, absolutely not-

AY1 D-AA1-N T-L-IH1 S-AH0 N-IH1-T-S S-AH1-M TH-IH0-NG DH-AE1 T-AY1 AE1-M N-AA1-T P-AA1-R T-N-OW1 AE2-B S-AH0 L-UW1 T-L-IY0 N-AA1-T


... yeah, no judgements to anybody else, but i'm not a side-chick, because i'm telling. i told the dude go home-

Y-AE1 N-OW1 JH-AH1 JH-M-AH0-N-T-S T-UW1 EH1 N-IY0 B-AH0 D-IY0 EH1-L-S B-AH1 T-IH1-M N-AA1 T-AH0 S-AY1 D-IH0 K-IH0-K B-IH0 K-AO1 Z-IH1-M T-EH1 L-IH0 NG-AY1 T-OW1-L-D DH-AH0 D-UW1-D G-OW1 HH-OW1-M


... she got a whole booklet about these-no-

SH-IY1 G-AA1 T-AH0 HH-OW1-L B-UH1 K-L-IH0 T-AH0 B-AW1-T CH-EH1-N S-OW0


... anyway, so what we doing now?

EH1 N-IY0 W-EY2 S-OW1 W-AH1 T-W-IY1 D-UW1 IH0-NG N-AW1


... that guy. he sent me a long dm-

DH-AE1-T G-AY1 HH-IY1 S-EH1-N T-M-IY1 AH0 L-AO1-NG D-IY1 D-IY1 EH1-M


... love, please-


... hear our podcast. you know i like to show love. i really-

HH-IY1 R-AW1 ER0 P-OW1-D K-AE2-S T-Y-UW1 N-OW1 AY1 L-AY1-K T-UW1 SH-OW1 L-AH1 V-AY1 R-IH1 L-IY0


... is and everything. so i try to do the listener-love and all of that stuff. so-

IH1 Z-AH0-N D-EH1 V-R-IY0 TH-IH2-NG S-OW1 AY1 T-R-AY1 T-UW1 D-UW1 DH-AH0 L-IH1 S-AH0-N V-ER0 L-AA0 V-AH0-N D-AO1 L-AH1-V DH-AE1-T-S T-AH1-F S-OW1


... some story that we can read on the-

S-AH1-M-S T-AO1 R-IY0 DH-AE1 T-W-IY1 K-AE1 N-R-EH1 D-AA1-N DH-AH0


... i mean, we still got a couple of minutes if you want to go toe to toe. but i feel like this is the first episode where we agreed-

AY1 M-IY1 N-W-IY1-S T-IH1-L G-AA1 T-AH0 K-AH1 P-AH0 L-AH1 V-M-IH1 N-AH0-T S-IH1 F-Y-UW1 W-AA1-N-T T-UW1 G-OW1 T-OW1 T-UW1 T-OW1 B-AH1 T-AY1 F-IY1-L L-AY1-K DH-IH1 S-IH1-Z DH-AH0 F-ER1-S T-EH1 P-AH0 S-OW2 D-W-EH1 R-W-IY1 AH0 G-R-IY1-D


... underscore and follow-

AH2-N D-ER0-S K-AO1 R-AH0-N-D F-AA1 L-OW0


... hard. don't cheat, 2019-

HH-AA1-R-D D-AA1-N-T CH-IY1-T T-W-EH1-N T-IY0 N-AY1-N T-IY1-N


i have a whole bunch of them and not enough time-

AY1 HH-AE1 V-AH0 HH-OW1-L B-AH1-N CH-AH1-V DH-EH1 M-AH0-N D-N-AA1 T-IH0 N-AH1-F T-AY1-M


... to voluntarily give some of your power to other people-

T-UW1 V-AA2 L-AH0-N T-EH1 R-AH0 L-IY0 G-IH1-V S-AH1 M-AH1 V-Y-AO1-R P-AW1 ER0 T-UW1 AH1 DH-ER0 P-IY1 P-AH0-L


... so what is rebooting all about?

S-OW1 W-AH1 T-IH1 Z-R-IY0 B-AW1 T-IH0 NG-AO1 L-AH0 B-AW1-T


the internet has many problems-

DH-AH0 IH1-N T-ER0 N-EH2-T HH-AE1 Z-M-EH1 N-IY0 P-R-AA1 B-L-AH0-M-Z


... also produce an ssl or [inaudible 00:07:57] and your browser checks to see if that certificate is legitimate. it is after all, what is supposed to confirm the identity-

AO1-L S-OW0 P-R-AH0 D-UW1 S-AE1-N S-IY1 L-AO1 R-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N-D F-IH1-F T-IY0 S-EH1 V-AH0-N S-EH1 K-AH0-N-D Z-AH0-N D-Y-AO1-R B-R-AW1 Z-ER0 CH-EH1-K-S T-UW1 S-IY1 IH1-F DH-AE1-T S-ER0 T-IH1 F-IH0 K-EY2 T-IH1 Z-L-AH0 JH-IH1 T-AH0 M-AH0 T-IH1 T-IH1 Z-AE1-F T-ER0 AO1 L-W-AH1 T-IH1-Z S-AH0 P-OW1-Z-D T-UW1 K-AH0-N F-ER1-M DH-AH0 AY0 D-EH1-N T-AH0 T-IY0


... so, it's not that it trusts all of them-

S-OW1 IH1-T S-N-AA1-T DH-AE1 T-IH1-T T-R-AH1-S-T S-AO1 L-AH1-V DH-EH1-M


... governments and disgruntled employees and whoever, once the amazing power of being able to impersonate-

G-AH1 V-ER0 M-AH0-N-T S-AH0-N-D D-IH0-S G-R-AH1-N T-AH0-L D-EH0-M P-L-OY1 IY0 Z-AH0-N-D HH-UW0 EH1 V-ER0 W-AH1-N-S DH-AH0 AH0 M-EY1 Z-IH0-NG P-AW1 ER0 AH1-V B-IY1 IH0 NG-EY1 B-AH0-L T-UW1 IH0-M P-ER1 S-AH0 N-EY2-T


... any website on the internet that they choose-

EH1 N-IY0 W-EH1-B S-AY2 T-AA1-N DH-AH0 IH1-N T-ER0 N-EH2-T DH-AE1-T DH-EY1 CH-UW1-Z


... you might've heard it. you might've heard of it-

Y-UW1 M-IY1 T-AH0-V HH-ER1 D-IH1 T-Y-UW1 M-IY1 T-AH0-V HH-ER1 D-AH1 V-IH1-T


... can secure online communication. end to end-

K-AE1-N S-IH0 K-Y-UH1 R-AO1 N-L-AY2-N K-AH0 M-Y-UW2 N-AH0 K-EY1 SH-AH0 N-EH1-N-D T-UW1 EH1-N-D


[crosstalk 00:08:36].

K-R-AO1-S T-AO1-K Z-IH1 R-OW0 AW1 ER0 Z-EY1 T-M-IH1 N-AH0-T S-AH0-N-D TH-ER1 D-IY0 S-IH1-K-S S-EH1 K-AH0-N-D-Z


... and that is a public key-

AH0-N-D DH-AE1 T-IH1 Z-AH0 P-AH1 B-L-IH0-K K-IY1


... for example, a user wants to connect to facebook and then you log into facebook-

F-AO1 R-IH0-G Z-AE1-M P-AH0 L-AH0 Y-UW1 Z-ER0 W-AA1-N-T-S T-UW1 K-AH0 N-EH1-K-T T-UW1 F-EY1-S B-UH2 K-AH0-N-D DH-EH1 N-Y-UW1 L-AO1 G-IH0-N T-UW1 F-EY1-S B-UH2-K


... we have the man in the middle problem with https-

W-IY1 HH-AE1-V DH-AH0 M-AE1 N-IH0-N DH-AH0 M-IH1 D-AH0-L P-R-AA1 B-L-AH0 M-W-IH1-DH T-AE1-P-T-S


... countries are being man in the middle by those governments-

K-AH1-N T-R-IY0 Z-AA1-R B-IY1 IH0-NG M-AE1 N-IH0-N DH-AH0 M-IH1 D-AH0-L B-AY1 DH-OW1-Z G-AH1 V-ER0 M-AH0-N-T-S


... so what about chats? i'm going to pick on apple for a little bit-

S-OW1 W-AH1 T-AH0 B-AW1-T CH-AE1-T S-IH1-M G-OW1 IH0-NG T-UW1 P-IH1 K-AA1 N-AE1 P-AH0-L F-AO1 R-AH0 L-IH1 T-AH0-L B-IH1-T


... not so truthful copy on their website. you go to the apple privacy page on i-messages-

N-AA1-T S-OW1 T-R-UW1-TH F-AH0-L K-AA1 P-IY0 AA1-N DH-EH1 R-W-EH1-B S-AY2 T-Y-UW1 G-OW1 T-UW1 DH-AH0 AE1 P-AH0-L P-R-AY1 V-AH0 S-IY0 P-EY1 JH-AA1 N-IH0 M-EH1 S-IH0 JH-IH0-Z


... is responsible for sending the correct public key to the person you want to talk with-

IH1 Z-R-IY0-S P-AA1-N S-AH0 B-AH0-L F-AO1-R S-EH1-N D-IH0-NG DH-AH0 K-ER0 EH1-K-T P-AH1 B-L-IH0-K K-IY1 T-UW1 DH-AH0 P-ER1 S-AH0 N-Y-UW1 W-AA1-N-T T-UW1 T-AO1 K-W-IH1-DH


... nobody can intercept the communication on this connection-

N-OW1 B-AA2 D-IY2 K-AE1 N-IH2-N T-ER0 S-EH1-P-T DH-AH0 K-AH0 M-Y-UW2 N-AH0 K-EY1 SH-AH0 N-AA1-N DH-IH1-S K-AH0 N-EH1-K SH-AH0-N


... she will reject any other certificate sent her way-

SH-IY1 W-IH1-L R-IH0 JH-EH1-K T-EH1 N-IY0 AH1 DH-ER0 S-ER0 T-IH1 F-IH0 K-EY2-T S-EH1-N-T HH-ER0 W-EY1


... that gets sent out to the rest of the network-

DH-AE1-T G-EH1-T-S S-EH1-N T-AW1-T T-UW1 DH-AH0 R-EH1-S T-AH1-V DH-AH0 N-EH1 T-W-ER2-K


... your database. and all of this is protected by proof of work-

Y-AO1-R D-EY1 T-AH0 B-EY2 S-AH0-N D-AO1 L-AH1-V DH-IH1 S-IH1-Z P-R-AH0 T-EH1-K T-AH0-D B-AY1 P-R-UW1 F-AH1 V-W-ER1-K


... it's not actually that big of a deal-

IH1-T S-N-AA1 T-AE1-K CH-AH0 W-AH0 L-IY0 DH-AE1-T B-IH1 G-AH1 V-AH0 D-IY1-L


... but that's if they trust whoever's running the server and they can exchange [inaudible 00:09:53] that way-

B-AH1-T TH-AE1-T S-IH1-F DH-EY1 T-R-AH1-S T-W-EY1 V-ER0 Z-R-AH1 N-IH0-NG DH-AH0 S-ER1 V-ER0 AH0-N-D DH-EY1 K-AE1 N-IH0-K-S CH-EY1-N JH-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0 Z-N-AY1-N M-IH1 N-AH0-T S-AH0-N-D F-IH1-F T-IY0 TH-R-IY1 S-EH1 K-AH0-N-D-Z DH-AE1 T-W-EY1


the blockchain allows for user-friendly applications.

DH-AH0 B-L-AA1-K HH-EY2 N-AH0 L-AW1-Z F-AO1 R-Y-UW2 S-ER0 F-R-EY1-N D-L-IY0 AE2 P-L-AH0 K-EY1 SH-AH0-N-Z


applications that people are familiar with today for insecure communications. the blockchain makes possible to have secure communication. we feel a level of ease of use that reminds people of today's insecure-

AE2 P-L-AH0 K-EY1 SH-AH0-N-Z DH-AE1-T P-IY1 P-AH0 L-AA1-R F-AH0 M-IH1 L-Y-ER0 W-IH1-DH T-AH0 D-EY1 F-AO1 R-IH1-N S-AH0 K-Y-ER0 K-AH0 M-Y-UW2 N-AH0 K-EY1 SH-AH0-N-Z DH-AH0 B-L-AA1-K HH-EY2-N M-EY1-K-S P-AA1 S-AH0 B-AH0-L T-UW1 HH-AE1-V S-IH0 K-Y-UH1-R K-AH0 M-Y-UW2 N-AH0 K-EY1 SH-AH0 N-W-IY1 F-IY1 L-AH0 L-EH1 V-AH0 L-AH1 V-IY1 Z-AH1 V-Y-UW1-S DH-AE1 T-R-IY0 M-AY1-N-D-Z P-IY1 P-AH0 L-AH1-V T-AH0 D-EY1 Z-IH1-N S-AH0 K-Y-ER0


alice's email client, when she types in bob@gmail.bit-

AE1 L-AH0 S-AH0 Z-IY0 M-EY1-L K-L-AY1 AH0-N T-W-EH1-N SH-IY1 T-AY1-P S-IH0-N B-AA1 B-M-AH0 G-R-AE2 M-IH0-T


-contacts, gets the public key for gmail.bit over a man in the middle group connection so there's-

K-AA1-N T-AE2-K-T-S G-EH1-T-S DH-AH0 P-AH1 B-L-IH0-K K-IY1 F-AO1-R G-EH1 L-IH0 B-AH0 T-OW1 V-ER0 AH0 M-AE1 N-IH0-N DH-AH0 M-IH1 D-AH0-L G-R-UW1-P K-AH0 N-EH1-K SH-AH0-N S-OW1 DH-EH1-R-Z


-the request bob's public key from gmail-

DH-AH0 R-IH0 K-W-EH1-S-T B-AA1-B-Z P-AH1 B-L-IH0-K K-IY1 F-R-AH1-M G-EY1-M


-.bit itself. that's also done over man in the middle of group connection.

B-IH1 T-IH0-T S-EH1-L-F TH-AE1-T S-AO1-L S-OW0 D-AH1 N-OW1 V-ER0 M-AE1 N-IH0-N DH-AH0 M-IH1 D-AH0 L-AH1-V G-R-UW1-P K-AH0 N-EH1-K SH-AH0-N


there's no replication problems. you just have whatever's the most recent entry in the blockchain is the most accurate one. that's the one that you use.

DH-EH1-R Z-N-OW1 R-EH2 P-L-AH0 K-EY1 SH-AH0-N P-R-AA1 B-L-AH0-M Z-Y-UW1 JH-AH1-S-T HH-AE1 V-W-AH0 T-EH1 V-ER0-Z DH-AH0 M-OW1-S T-R-IY1 S-AH0-N T-EH1-N T-R-IY0 IH0-N DH-AH0 B-L-AA1-K HH-EY2 N-IH1-Z DH-AH0 M-OW1-S T-AE1 K-Y-ER0 AH0 T-W-AH1-N TH-AE1-T-S DH-AH0 W-AH1-N DH-AE1 T-Y-UW1 Y-UW1-Z


-regular email, basically. you just type into the person you want to talk to and you hit go and that's it.

R-EH1 G-Y-AH0 L-ER0 IY0 M-EY1-L B-EY1 S-IH0 K-L-IY0 Y-UW1 JH-AH1-S-T T-AY1 P-IH0-N T-UW1 DH-AH0 P-ER1 S-AH0 N-Y-UW1 W-AA1-N-T T-UW1 T-AO1-K T-UW1 AH0-N D-Y-UW1 HH-IH1-T G-OW1 AH0-N-D TH-AE1-T S-IH1-T


well, let's use the example of my messages.

W-EH1-L L-EH1-T S-Y-UW1-Z DH-AH0 IH0-G Z-AE1-M P-AH0 L-AH1 V-M-AY1 M-EH1 S-AH0 JH-AH0-Z


provide censorship resistance, and it's secure.

P-R-AH0 V-AY1-D S-EH1-N S-ER0 SH-IH2 P-R-IH0 Z-IH1-S T-AH0-N S-AH0-N D-IH1-T-S S-IH0 K-Y-UH1-R


so for example, today when you register a domain...

S-OW1 F-AO1 R-IH0-G Z-AE1-M P-AH0-L T-AH0 D-EY1 W-EH1 N-Y-UW1 R-EH1 JH-IH0-S T-ER0 AH0 D-OW0 M-EY1-N


that's a double-edged sword. the-

TH-AE1-T S-AH0 D-AH1 B-AH0 L-EH2 D-AH0-D S-AO1-R-D DH-AH0


but it makes sense for a whole lot of applications today. it makes sense for marginalized communities who have their domains taken away from them en masse. it also makes sen-

B-AH1 T-IH1 T-M-EY1-K-S S-EH1-N-S F-AO1 R-AH0 HH-OW1-L L-AA1 T-AH1 V-AE2 P-L-AH0 K-EY1 SH-AH0-N-Z T-AH0 D-EY1 IH1 T-M-EY1-K-S S-EH1-N-S F-AO1-R M-AA1-R JH-AH0 N-AH0 L-AY2-Z-D K-AH0 M-Y-UW1 N-AH0 T-IY0-Z HH-UW1 HH-AE1-V DH-EH1-R D-OW0 M-EY1-N-Z T-EY1 K-AH0 N-AH0 W-EY1 F-R-AH1-M DH-EH1 M-EH1-N M-AE1 S-IH1 T-AO1-L S-OW0 M-EY1-K-S S-EH1-N


-and there's no reason that the two systems can't exist alongside each other.

AH0-N-D DH-EH1-R Z-N-OW1 R-IY1 Z-AH0-N DH-AE1-T DH-AH0 T-UW1 S-IH1-S T-AH0-M-Z K-AE1-N T-IH0-G Z-IH1-S T-AH0 L-AO1-NG S-AY1 D-IY1 CH-AH1 DH-ER0


some suggestions for solving issues with the way that namecoin currently works-

S-AH1-M S-AH0-G JH-EH1-S CH-AH0-N-Z F-AO1-R S-AA1-L V-IH0 NG-IH1 SH-UW0 Z-W-IH1-DH DH-AH0 W-EY1 DH-AE1 T-N-AE1 M-IH0 K-AW2-N K-ER1 AH0-N T-L-IY0 W-ER1-K-S


-is for example, say, if you lose your private key...

IH1-Z F-AO1 R-IH0-G Z-AE1-M P-AH0-L S-EY1 IH1 F-Y-UW1 L-UW1 Z-Y-AO1-R P-R-AY1 V-AH0-T K-IY1


that could be an issue in today's system.

DH-AE1-T K-UH1-D B-IY1 AE1 N-IH1 SH-UW0 IH0-N T-AH0 D-EY1-Z S-IH1-S T-AH0-M


-mentioned some awesome people who are working in this area.

M-EH1-N SH-AH0-N-D S-AH1 M-AA1 S-AH0-M P-IY1 P-AH0-L HH-UW1 AA1 R-W-ER1 K-IH0 NG-IH0-N DH-IH1 S-EH1 R-IY0 AH0


a decentralized marketplace.

AH0 D-IH0 S-EH1-N T-R-AH0 L-AY2-Z D-M-AA1-R K-AH0-T P-L-EY2-S


-forced the namecoin developers who have been working hard and long on the namecoin blockchain-

F-AO1-R-S-T DH-AH0 N-AE1 M-IH0 K-AW2-N D-IH0 V-EH1 L-AH0 P-ER0-Z HH-UW1 HH-AE1-V B-IH1 N-W-ER1 K-IH0-NG HH-AA1-R D-AH0-N D-L-AO1 NG-AA1-N DH-AH0 N-AE1 M-IH0 K-AW2-N B-L-AA1-K HH-EY2-N


does this onename allow you to register a name with the-

D-AH1-Z DH-IH1 S-W-AH1 N-AH0 M-EY2 N-AH0 L-AW1 Y-UW1 T-UW1 R-EH1 JH-IH0-S T-ER0 AH0 N-EY1 M-W-IH1-DH DH-AH0


-online identity, and they're focusing-

AO1 N-L-AY2 N-AY0 D-EH1-N T-AH0 T-IY0 AH0-N-D TH-EH1-R F-OW1 K-AH0 S-IH0-NG


-on... their namespaces is called [you/00:02:32] it's-

AA1-N DH-EH1-R N-EY1-M S-AH0-P S-IH0 Z-IH1-Z K-AO1-L D-Y-UW1 Z-IH1 R-OW0 AW1 ER0-Z T-UW1 M-IH1 N-AH0-T S-AH0-N-D TH-ER1 D-IY0 T-UW1 S-EH1 K-AH0-N-D Z-IH1-T-S


-generate the correct keys so you don't completely own your domain. the-

JH-EH1 N-ER0 EY2-T DH-AH0 K-ER0 EH1-K-T K-IY1-Z S-OW1 Y-UW1 D-AA1-N-T K-AH0-M P-L-IY1 T-L-IY0 OW1 N-Y-AO1-R D-OW0 M-EY1-N DH-AH0


-real current state of registering domains in the namecoin blockchain is-

R-IY1-L K-ER1 AH0-N-T-S T-EY1 T-AH1 V-R-EH1 JH-IH0-S T-ER0 IH0-NG D-OW0 M-EY1-N Z-IH0-N DH-AH0 N-AE1 M-IH0 K-AW2-N B-L-AA1-K HH-EY2 N-IH1-Z


-absolutely terrible. it's a great, huge, opportunity for somebody to make-

AE2-B S-AH0 L-UW1 T-L-IY0 T-EH1 R-AH0 B-AH0 L-IH1-T S-AH0 G-R-EY1-T HH-Y-UW1 JH-AA2 P-ER0 T-UW1 N-AH0 T-IY0 F-AO1-R S-AH1-M B-AA2 D-IY0 T-UW1 M-EY1-K


the next step is accessing those domains securely.

DH-AH0 N-EH1-K-S-T-S T-EH1 P-IH1 Z-AE1-K S-EH2 S-IH0-NG DH-OW1-Z D-OW0 M-EY1-N-Z S-IH0 K-Y-UH1-R L-IY0


x509, but on dns chain, so that it can verify the fingerprint via the blockchain.

EH1-K-S F-AY1-V HH-AH1-N D-R-AH0 D-AH0-N D-N-AY1-N B-AH1 T-AA1-N D-IY1 EH1-N S-IY1 CH-EY1-N S-OW1 DH-AE1 T-IH1-T K-AE1-N V-EH1 R-AH0 F-AY2 DH-AH0 F-IH1-NG G-ER0 P-R-IH2-N-T V-AY1 AH0 DH-AH0 B-L-AA1-K HH-EY2-N


have you a chance to check out the [inaudible 00:03:17] today with-

HH-AE1 V-Y-UW1 AH0 CH-AE1-N-S T-UW1 CH-EH1 K-AW1-T DH-AH0 IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z TH-R-IY1 M-IH1 N-AH0-T S-AH0-N-D S-EH1 V-AH0-N T-IY1-N S-EH1 K-AH0-N-D-Z T-AH0 D-EY1 W-IH1-DH


-things. it's the second... it's an announce-

TH-IH1-NG Z-IH1-T-S DH-AH0 S-EH1 K-AH0-N D-IH1-T S-AE1 N-AH0 N-AW1-N-S


-the authorities out there who are not trustworthy. just because you get a free certificate from them-

DH-AH0 AH0 TH-AO1 R-AH0 T-IY0 Z-AW1-T DH-EH1-R HH-UW1 AA1-R N-AA1-T T-R-AH1-S T-W-ER2 DH-IY0 JH-AH1-S-T B-IH0 K-AO1 Z-Y-UW1 G-EH1 T-AH0 F-R-IY1 S-ER0 T-IH1 F-IH0 K-EY2-T F-R-AH1-M DH-EH1-M


-the open ssl command. that's the second kind of thing that they announce.

DH-AH0 OW1 P-AH0-N S-IY1-L K-AH0 M-AE1-N-D TH-AE1-T-S DH-AH0 S-EH1 K-AH0-N-D K-AY1-N D-AH1-V TH-IH1-NG DH-AE1-T DH-EY1 AH0 N-AW1-N-S


i'm here to talk to you briefly about history.

IH1-M HH-IY1-R T-UW1 T-AO1-K T-UW1 Y-UW1 B-R-IY1 F-L-IY0 AH0 B-AW1-T HH-IH1-S T-ER0 IY0


along with twitter...


if you explicitly want to delete your tweet-

IH1 F-Y-UW1 IH0-K-S P-L-IH1 S-AH0 T-L-IY0 W-AA1-N-T T-UW1 D-IH0 L-IY1 T-Y-AO1-R T-W-IY1-T


and what if this gets installed? it would then-

AH0-N D-W-AH1 T-IH1-F DH-IH1-S G-EH1-T S-IH0-N-S T-AO1-L D-IH1 T-W-UH1-D DH-EH1-N


facebook on message ch-

F-EY1-S B-UH2 K-AA1-N M-EH1 S-AH0-JH CH-IY1


well... yeah, i see where you're talking abou-

W-EH1 L-Y-AE1 AY1 S-IY1 W-EH1 R-Y-UH1-R T-AO1 K-IH0 NG-AH0 B-UW1


[inaudible 00:04:06] of data-

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AO1-R M-IH1 N-AH0-T S-AH0-N-D S-IH1-K-S S-EH1 K-AH0-N-D Z-AH1-V D-EY1 T-AH0


-got somebody who's actually holding the data. where it's replicated-

G-AA1-T S-AH1-M B-AA2 D-IY0 HH-UW1 Z-AE1-K CH-AH0 W-AH0 L-IY0 HH-OW1-L D-IH0-NG DH-AH0 D-EY1 T-AH0 W-EH1 R-IH1-T S-R-EH1 P-L-IH0 K-EY2 T-IH0-D


that seems like an interesting piece of the-

DH-AE1-T S-IY1-M Z-L-AY1 K-AE1 N-IH1-N T-R-AH0-S T-IH0-NG P-IY1 S-AH1-V DH-AH0


-permanent history open source is very important.

P-ER1 M-AH0 N-AH0-N-T HH-IH1-S T-ER0 IY0 OW1 P-AH0-N S-AO1-R S-IH1-Z V-EH1 R-IY0 IH0-M P-AO1-R T-AH0-N-T


the librarian of piece, this is-

DH-AH0 L-AY0 B-R-EH1 R-IY0 AH0 N-AH1-V P-IY1-S DH-IH1 S-IH1-Z


i think that this... if the con-

AY1 TH-IH1-NG-K DH-AE1-T DH-IH1 S-IH1-F DH-AH0 K-AA1-N


-data is decentralized-

D-EY1 T-AH0 IH1-Z D-IH0 S-EH1-N T-R-AH0 L-AY2-Z-D


-sources. so how's that really changed things in terms of telling the history of it does this today, because-

S-AO1-R S-AH0-Z S-OW1 HH-AW1-Z DH-AE1 T-R-IH1 L-IY0 CH-EY1-N-JH-D TH-IH1-NG Z-IH0-N T-ER1-M Z-AH1-V T-EH1 L-IH0-NG DH-AH0 HH-IH1-S T-ER0 IY0 AH1 V-IH1-T D-AH1-Z DH-IH1-S T-AH0 D-EY1 B-IH0 K-AO1-Z


-you can tell the [inaudible 00:04:50].

Y-UW1 K-AE1-N T-EH1-L DH-AH0 IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AO1-R M-IH1 N-AH0-T S-AH0-N-D F-IH1-F T-IY0 S-EH1 K-AH0-N-D-Z


-definitely post this on the meetups, and the-

D-EH1 F-AH0 N-AH0 T-L-IY0 P-OW1-S-T DH-IH1 S-AA1-N DH-AH0 M-IY1 T-AH2-P S-AH0-N-D DH-AH0


we're going to try and get people in the [inaudible 00:05:03] to... maybe the directors-

W-ER0 G-OW1 IH0-NG T-UW1 T-R-AY1 AH0-N-D G-EH1-T P-IY1 P-AH0 L-IH0-N DH-AH0 IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AY1 V-M-IH1 N-AH0-T S-AH0-N-D TH-R-IY1 S-EH1 K-AH0-N-D-Z T-UW1 M-EY1 B-IY0 DH-AH0 D-ER0 EH1-K T-ER0-Z


-bitcoin. 2.0 stuff. so-

B-IH1-T K-AH0-N T-UW1 P-OY1-N T-OW1-S T-AH1-F S-OW1


los angeles, please. you're our welcomed guests. come on out-

L-OW1 S-AE1-N JH-AH0 L-IH0-S P-L-IY1 Z-Y-UH1 R-AW1 ER0 W-EH1-L K-AH0-M-D G-EH1-S-T-S K-AH1 M-AA1 N-AW1-T


-got technical people. it's based on a 2-of-3 implementation of multisignature.

G-AA1-T T-EH1 K-N-IH0 K-AH0-L P-IY1 P-AH0 L-IH1-T-S B-EY1-S T-AA1 N-AH0 T-UW1 F-N-EH1 G-AH0 T-IH0-V TH-R-IY1 IH2-M P-L-AH0 M-EH0-N T-EY1 SH-AH0 N-AH1 V-M-AH2-L T-IY0 S-AY1 N-AH0 G-AA2 T-ER0


-integrated to it. you just plug it in the usb-

IH1-N T-AH0 G-R-EY2 T-AH0-D T-UW1 IH1 T-Y-UW1 JH-AH1-S-T P-L-AH1 G-IH1 T-IH0-N DH-AH0 AH1-S-B


everything that comes out is public. it makes it really safe and convenient-

EH1 V-R-IY0 TH-IH2-NG DH-AE1-T K-AH1-M Z-AW1 T-IH1-Z P-AH1 B-L-IH0 K-IH1 T-M-EY1-K S-IH1 T-R-IH1 L-IY0 S-EY1 F-AH0-N-D K-AH0-N V-IY1 N-Y-AH0-N-T


we haven't even started. this is. this is my start.

W-IY1 HH-AE1 V-AH0-N T-IY1 V-IH0-N-S T-AA1-R T-AH0-D DH-IH1 S-IH1-Z DH-IH1 S-IH1 Z-M-AY1-S T-AA1-R-T


in malaysia, actually, i organized a movement and realized that-

IH0-N M-AH0 L-EY1 ZH-AH0 AE1-K CH-AH0 W-AH0 L-IY0 AY1 AO1-R G-AH0 N-AY2-Z D-AH0 M-UW1 V-M-AH0-N T-AH0-N D-R-IY1 L-AY2-Z-D DH-AE1-T


you don't go and poke.


-at night. i often am, i guess, the worst at procrastinating and wasting time. i-

AE1 T-N-AY1 T-AY1 AO1 F-AH0 N-AE1 M-AY1 G-EH1-S DH-AH0 W-ER1-S T-AE1-T P-R-AH0 K-R-AE1-S T-AH0 N-EY2 T-IH0 NG-AH0-N D-W-EY1-S T-IH0-NG T-AY1 M-AY1


i've got the weakest willpower when it comes to food.

AY1-V G-AA1-T DH-AH0 W-IY1 K-AH0-S T-W-IH1-L P-AW2 ER0 W-EH1 N-IH1-T K-AH1-M-Z T-UW1 F-UW1-D


-and sugar, but it's a pretty-

AH0-N-D SH-UH1 G-ER0 B-AH1 T-IH1-T S-AH0 P-R-IH1 T-IY0


-cities, and i'm an introvert. i'm not going to be excited about pushing myself into social serv-

S-IH1 T-IY0 Z-AH0-N D-IH1 M-AE1 N-IH1-N T-R-AO0 V-ER2 T-IH1-M N-AA1-T G-OW1 IH0-NG T-UW1 B-IY1 IH0-K S-AY1 T-AH0 D-AH0 B-AW1-T P-UH1 SH-IH0-NG M-AY2 S-EH1-L F-IH0-N T-UW1 S-OW1 SH-AH0-L S-ER1-V


-video, or my videos i'll do throughout the year. but the-

V-IH1 D-IY0 OW0 AO1-R M-AY1 V-IH1 D-IY0 OW0 Z-IH1-L D-UW1 TH-R-UW0 AW1-T DH-AH0 Y-IH1-R B-AH1-T DH-AH0


-basically my day to day and everyth-

B-EY1 S-IH0 K-L-IY0 M-AY1 D-EY1 T-UW1 D-EY1 AH0-N D-EH1 V-R-IY0-TH


-timing changes. so, who knows? i may only do one-

T-AY1 M-IH0-NG CH-EY1-N JH-AH0-Z S-OW1 HH-UW1 N-OW1 Z-AY1 M-EY1 OW1 N-L-IY0 D-UW1 W-AH1-N


and i was trying to find the next place to live. so-

AH0-N D-AY1 W-AA1-Z T-R-AY1 IH0-NG T-UW1 F-AY1-N-D DH-AH0 N-EH1-K-S-T P-L-EY1-S T-UW1 L-AY1-V S-OW1


now for most people it's probably going to be too boring.

N-AW1 F-AO1-R M-OW1-S-T P-IY1 P-AH0 L-IH1-T-S P-R-AA1 B-AH0 B-L-IY0 G-OW1 IH0-NG T-UW1 B-IY1 T-UW1 B-AO1 R-IH0-NG


it's because of these things i'm going to share with you that i continue to do, to have the day that make-

IH1-T-S B-IH0 K-AO1 Z-AH1-V DH-IY1-Z TH-IH1-NG Z-IH1-M G-OW1 IH0-NG T-UW1 SH-EH1 R-W-IH1 DH-Y-UW1 DH-AE1 T-AY1 K-AH0-N T-IH1 N-Y-UW0 T-UW1 D-UW1 T-UW1 HH-AE1-V DH-AH0 D-EY1 DH-AE1 T-M-EY1-K


-out by itself. if they fix it right now, as they're fixing-

AW1-T B-AY1 IH0-T S-EH1-L F-IH1-F DH-EY1 F-IH1-K S-IH1 T-R-AY1 T-N-AW1 AE1-Z TH-EH1-R F-IH1-K S-IH0-NG


-to her jokingly. i told that story that i just told you guys, about brisbane and the three problems i had there.

T-UW1 HH-ER0 JH-OW1 K-IH0 NG-L-IY0 AY1 T-OW1-L-D DH-AE1-T-S T-AO1 R-IY0 DH-AE1 T-AY1 JH-AH1-S-T T-OW1-L D-Y-UW1 G-AY1 Z-AH0 B-AW1-T B-R-IH1-Z B-EY2 N-AH0-N-D DH-AH0 TH-R-IY1 P-R-AA1 B-L-AH0-M Z-AY1 HH-AE1-D DH-EH1-R


we just talked about that on the phone, with-

W-IY1 JH-AH1-S-T T-AO1-K T-AH0 B-AW1-T DH-AE1 T-AA1-N DH-AH0 F-OW1 N-W-IH1-DH


it started with other members of my team. we call it the-

IH1-T-S T-AA1-R T-AH0 D-W-IH1 DH-AH1 DH-ER0 M-EH1-M B-ER0 Z-AH1 V-M-AY1 T-IY1 M-W-IY1 K-AO1 L-IH1-T DH-AH0


-say... a couple of french canadians there. he's another young 18 year old-

S-EY1 AH0 K-AH1 P-AH0 L-AH1-V F-R-EH1-N-CH K-AH0 N-EY1 D-IY0 AH0-N-Z DH-EH1-R HH-IY1 Z-AH0 N-AH1 DH-ER0 Y-AH1 NG-EY0 T-IY1 N-Y-IH1 R-OW1-L-D


-company with evan, basically. i've known james for a few years now.

K-AH1-M P-AH0 N-IY0 W-IH1 DH-EH1 V-AH0-N B-EY1 S-IH0 K-L-IY0 AY1 V-N-OW1-N JH-EY1-M-Z F-AO1 R-AH0 F-Y-UW1 Y-IH1-R Z-N-AW1


-i did while i was taking his course. i became-

AY1 D-IH1 D-W-AY1 L-AY1 W-AA1-Z T-EY1 K-IH0-NG HH-IH1-Z K-AO1-R S-AY1 B-IH0 K-EY1-M


-as i do it. i don't want to dive into-

AE1 Z-AY1 D-UW1 IH1 T-AY1 D-AA1-N T-W-AA1-N-T T-UW1 D-AY1 V-IH0-N T-UW1


-and angel investing. i will hope to share a lot of that stuff behind the scenes with you.

AH0-N D-EY1-N JH-AH0 L-IH0-N V-EH1-S T-IH0 NG-AY1 W-IH1-L HH-OW1-P T-UW1 SH-EH1 R-AH0 L-AA1 T-AH1-V DH-AE1-T-S T-AH1-F B-IH0 HH-AY1-N-D DH-AH0 S-IY1-N Z-W-IH1 DH-Y-UW1


six months later, i heard about bitcoin again.

S-IH1-K S-M-AH1-N-TH S-L-EY1 T-ER0 AY1 HH-ER1 D-AH0 B-AW1-T B-IH1-T K-AH0 N-AH0 G-EH1-N


-with a system of technology-

W-IH1 DH-AH0 S-IH1-S T-AH0 M-AH1-V T-EH0 K-N-AA1 L-AH0 JH-IY0


-to the point of forgetting to eat, forgetting to sleep, and consuming as much knowledge as i possibly can.

T-UW1 DH-AH0 P-OY1-N T-AH1-V F-ER0 G-EH1 T-IH0-NG T-UW1 IY1-T F-ER0 G-EH1 T-IH0-NG T-UW1 S-L-IY1 P-AH0-N-D K-AH0-N S-UW1 M-IH0 NG-AE1 Z-M-AH1 CH-N-AA1 L-AH0 JH-AE1 Z-AY1 P-AA1 S-AH0 B-L-IY0 K-AE1-N


the first time i used the web browser...

DH-AH0 F-ER1-S-T T-AY1 M-AY1 Y-UW1-S-T DH-AH0 W-EH1-B B-R-AW1 Z-ER0


-of obsession. i have not emerged from that.

AH1 V-AH0-B S-EH1 SH-AH0 N-AY1 HH-AE1 V-N-AA1 T-IH0 M-ER1-JH-D F-R-AH1-M DH-AE1-T


because i keep finding new layers of depth to understand this.

B-IH0 K-AO1 Z-AY1 K-IY1-P F-AY1-N D-IH0-NG N-UW1 L-EY1 ER0 Z-AH1-V D-EH1-P-TH T-UW1 AH2-N D-ER0-S T-AE1-N-D DH-IH1-S


it is a platform of trust.

IH1 T-IH1 Z-AH0 P-L-AE1-T F-AO2-R M-AH1-V T-R-AH1-S-T


it's not a company. it's not a product.

IH1-T S-N-AA1 T-AH0 K-AH1-M P-AH0 N-IY0 IH1-T S-N-AA1 T-AH0 P-R-AA1 D-AH0-K-T


it's not a service you sign up for.

IH1-T S-N-AA1 T-AH0 S-ER1 V-AH0 S-Y-UW1 S-AY1 N-AH1-P F-AO1-R


it's not a currency. currency is just the first application.

IH1-T S-N-AA1 T-AH0 K-ER1 AH0-N S-IY0 K-ER1 AH0-N S-IY0 IH1-Z JH-AH1-S-T DH-AH0 F-ER1-S T-AE2 P-L-AH0 K-EY1 SH-AH0-N


because what is money? [inque 00:08:38] told us it's an illusion.

B-IH0 K-AO1 Z-W-AH1 T-IH1 Z-M-AH1 N-IY0 IH1-N-K Z-IH1 R-OW0 AW1 ER0 Z-EY1 T-M-IH1 N-AH0-T S-AH0-N-D TH-ER1 D-IY0 EY1-T S-EH1 K-AH0-N-D-Z T-OW1-L D-AH1 S-IH1-T S-AE1 N-IH0 L-UW1 ZH-AH0-N


money is one of the oldest technologies that humanity has.

M-AH1 N-IY0 IH1 Z-W-AH1 N-AH1-V DH-AH0 OW1-L D-AH0-S-T T-EH0 K-N-AA1 L-AH0 JH-IY0-Z DH-AE1-T HH-Y-UW0 M-AE1 N-IH0 T-IY0 HH-AE1-Z


so writing was created for it.

S-OW1 R-AY1 T-IH0 NG-W-AA1-Z K-R-IY0 EY1 T-AH0-D F-AO1 R-IH1-T


-nuts, stones, and then precious metals.

N-AH1-T-S-S T-OW1-N Z-AH0-N-D DH-EH1-N P-R-EH1 SH-AH0 S-M-EH1 T-AH0-L-Z


-and now network money. bitcoin.

AH0-N D-N-AW1 N-EH1 T-W-ER2 K-M-AH1 N-IY0 B-IH1-T K-AH0-N


on a network without any central points of control-

AA1 N-AH0 N-EH1 T-W-ER2 K-W-IH0 TH-AW1 T-EH1 N-IY0 S-EH1-N T-R-AH0-L P-OY1-N-T S-AH1-V K-AH0-N T-R-OW1-L


-a system completely decentralized like the internet itself.

AH0 S-IH1-S T-AH0-M K-AH0-M P-L-IY1 T-L-IY0 D-IH0 S-EH1-N T-R-AH0 L-AY2-Z D-L-AY1-K DH-AH0 IH1-N T-ER0 N-EH2 T-IH0-T S-EH1-L-F


it is not money for the internet, but-

IH1 T-IH1 Z-N-AA1 T-M-AH1 N-IY0 F-AO1-R DH-AH0 IH1-N T-ER0 N-EH2-T B-AH1-T


-and what is money? money is a language.

AH0-N D-W-AH1 T-IH1 Z-M-AH1 N-IY0 M-AH1 N-IY0 IH1 Z-AH0 L-AE1-NG G-W-AH0-JH


money is a language that we use to communicate value to each other.

M-AH1 N-IY0 IH1 Z-AH0 L-AE1-NG G-W-AH0-JH DH-AE1 T-W-IY1 Y-UW1-Z T-UW1 K-AH0 M-Y-UW1 N-AH0 K-EY2-T V-AE1 L-Y-UW0 T-UW1 IY1 CH-AH1 DH-ER0


we use money to express-

W-IY1 Y-UW1 Z-M-AH1 N-IY0 T-UW1 IH0-K-S P-R-EH1-S


... and create social bonds, and relationships-

AH0-N-D K-R-IY0 EY1-T S-OW1 SH-AH0-L B-AA1-N-D Z-AH0-N D-R-IY0 L-EY1 SH-AH0-N SH-IH2-P-S


... that is not controlled by any entity.

DH-AE1 T-IH1 Z-N-AA1-T K-AH0-N T-R-OW1-L-D B-AY1 EH1 N-IY0 EH1-N T-AH0 T-IY0


... an internet content type, a protocol-

AE1 N-IH1-N T-ER0 N-EH2-T K-AA1-N T-EH0-N-T T-AY1 P-AH0 P-R-OW1 T-AH0 K-AA2-L


... designation, money over ip-

D-EH2 Z-AH0 G-N-EY1 SH-AH0-N M-AH1 N-IY0 OW1 V-ER0 IH1-P


they said, "that's not money. go away."

DH-EY1 S-EH1-D TH-AE1-T S-N-AA1 T-M-AH1 N-IY0 G-OW1 AH0 W-EY1


... the first time someone showed up at a motel, and presented their diners club membership card, and said, "i'll pay with this piece of paper."

DH-AH0 F-ER1-S-T T-AY1-M S-AH1 M-W-AH2-N SH-OW1 D-AH1 P-AE1 T-AH0 M-OW0 T-EH1 L-AH0-N-D P-R-IY0 Z-EH1-N T-AH0-D DH-EH1-R D-AY1 N-ER0-Z K-L-AH1 B-M-EH1-M B-ER0 SH-IH2-P K-AA1-R D-AH0-N-D S-EH1 D-IH1-L P-EY1 W-IH1-DH DH-IH1-S P-IY1 S-AH1-V P-EY1 P-ER0


we're on the verge of creating the first completely global-

W-ER0 AA1-N DH-AH0 V-ER1 JH-AH1-V K-R-IY0 EY1 T-IH0-NG DH-AH0 F-ER1-S-T K-AH0-M P-L-IY1 T-L-IY0 G-L-OW1 B-AH0-L


... intranet, and the only requirements to have a successful application on the intranet of money is two interested participants-

IH1 N-R-AH0 T-AH0-N T-AH0-N-D DH-AH0 OW1 N-L-IY0 R-IH0 K-W-AY1-R M-AH0-N-T-S T-UW1 HH-AE1 V-AH0 S-AH0-K S-EH1-S F-AH0 L-AE2 P-L-AH0 K-EY1 SH-AH0 N-AA1-N DH-AH0 IH1 N-R-AH0 T-AH0-N T-AH1 V-M-AH1 N-IY0 IH1-Z T-UW1 IH1-N T-R-AH0-S T-AH0-D P-AA0-R T-IH1 S-AH0 P-AH0-N-T-S


... and immediately acquire the same powers that institutions of banking have today.

AH0-N D-IH0 M-IY1 D-IY0 AH0 T-L-IY0 AH0 K-W-AY1 ER0 DH-AH0 S-EY1-M P-AW1 ER0-Z DH-AE1 T-IH2-N-S T-IH0 T-UW1 SH-AH0-N Z-AH1-V B-AE1-NG K-IH0-NG HH-AE1-V T-AH0 D-EY1


... or a refrigerator, or a self-driving car.

AO1 R-AH0 R-AH0 F-R-IH1 JH-ER0 EY2 T-ER0 AO1 R-AH0 S-IH0-L F-R-IH1 JH-IH0-V K-AA1-R


... currency required personhood.

K-ER1 AH0-N S-IY0 R-IY0 K-W-AY1 ER0-D P-ER1 S-AH0-N HH-UH2-D


bitcoin and blockchain technology unifies-

B-IH1-T K-AH0 N-AH0-N-D B-L-AA1-K HH-EY2-N T-EH0 K-N-AA1 L-AH0 JH-IY0 Y-UW1 N-AH0 F-AY2-Z


... systems of money for payments between governments.

S-IH1-S T-AH0-M Z-AH1 V-M-AH1 N-IY0 F-AO1-R P-EY1 M-AH0-N-T-S B-IH0 T-W-IY1-N G-AH1 V-ER0 M-AH0-N-T-S


does that remind you of something?

D-AH1-Z DH-AE1 T-R-IY0 M-AY1-N D-Y-UW1 AH1-V S-AH1-M TH-IH0-NG


... long distance, and the internet came, and unified all of those.

L-AO1-NG D-IH1-S T-AH0-N S-AH0-N-D DH-AH0 IH1-N T-ER0 N-EH2-T K-EY1 M-AH0-N D-Y-UW1 N-AH0 F-AY2 D-AO1 L-AH1-V DH-OW1-Z


what the internet of money does is it creates a single network which can do a micro transaction to a giga transaction in-

W-AH1-T DH-AH0 IH1-N T-ER0 N-EH2 T-AH1 V-M-AH1 N-IY0 D-AH1 Z-IH1 Z-IH1-T K-R-IY0 EY1-T S-AH0 S-IH1-NG G-AH0-L N-EH1 T-W-ER2 K-W-IH1-CH K-AE1-N D-UW1 AH0 M-AY1 K-R-OW2 T-R-AE0-N Z-AE1-K SH-AH0-N T-UW1 AH0 JH-IY1 G-AH0 T-R-AE0-N Z-AE1-K SH-AH0 N-IH0-N


... tokens, reward points, brand loyalty coins.

T-OW1 K-AH0-N Z-R-IH0 W-AO1-R-D P-OY1-N-T-S B-R-AE1-N D-L-OY1 AH0-L T-IY0 K-OY1-N-Z


and over the next decade, we are going to see tens of thousands, and then hundreds of thousands of coins.

AH0-N D-OW1 V-ER0 DH-AH0 N-EH1-K-S-T D-EH0 K-EY1 D-W-IY1 AA1-R G-OW1 IH0-NG T-UW1 S-IY1 T-EH1-N Z-AH1-V TH-AW1 Z-AH0-N-D Z-AH0-N-D DH-EH1-N HH-AH1-N D-R-AH0-D Z-AH1-V TH-AW1 Z-AH0-N-D Z-AH1-V K-OY1-N-Z


some will have economic use, some will-

S-AH1 M-W-IH1-L HH-AE1 V-EH2 K-AH0 N-AA1 M-IH0 K-Y-UW1-S S-AH1 M-W-IH1-L


they will represent items in the physical world.

DH-EY1 W-IH1-L R-EH2 P-R-AH0 Z-EH1-N T-AY1 T-AH0-M Z-IH0-N DH-AH0 F-IH1 Z-IH0 K-AH0 L-W-ER1-L-D


we cannot yet imagine what applications we're going to build around this.

W-IY1 K-AE1 N-AA0 T-Y-EH1 T-IH0 M-AE1 JH-AH0 N-W-AH1 T-AE2 P-L-AH0 K-EY1 SH-AH0-N Z-W-ER0 G-OW1 IH0-NG T-UW1 B-IH1-L D-ER0 AW1-N-D DH-IH1-S


you can teach monkeys money.

Y-UW1 K-AE1-N T-IY1 CH-M-AH1-NG K-IY0 Z-M-AH1 N-IY0


you can teach dolphins money. you can teach-

Y-UW1 K-AE1-N T-IY1-CH D-AA1-L F-AH0-N Z-M-AH1 N-IY0 Y-UW1 K-AE1-N T-IY1-CH


... greys, parrots money. and they will learn how to exchange abstract tokens for food, and then use them to build social relationships-

G-R-EY1-Z P-EH1 R-AH0-T S-M-AH1 N-IY0 AH0-N-D DH-EY1 W-IH1-L L-ER1-N HH-AW1 T-UW1 IH0-K-S CH-EY1-N JH-AE1-B-S T-R-AE2-K-T T-OW1 K-AH0-N-Z F-AO1-R F-UW1 D-AH0-N-D DH-EH1 N-Y-UW1-Z DH-EH1-M T-UW1 B-IH1-L-D S-OW1 SH-AH0-L R-IY0 L-EY1 SH-AH0-N SH-IH2-P-S


... in children. toddlers invent money in kindergarten. blocks, and rubber bands, and pokemon cards, and other-

IH0-N CH-IH1-L D-R-AH0-N T-AA1 D-L-ER0 Z-IH0-N V-EH1-N T-M-AH1 N-IY0 IH0-N K-IH1-N D-ER0 G-AA2-R T-AH0-N B-L-AA1-K S-AH0-N D-R-AH1 B-ER0 B-AE1-N-D Z-AH0-N-D P-OW1 K-M-AH0-N K-AA1-R-D Z-AH0-N D-AH1 DH-ER0


... about sharing. children will be building currencies.

AH0 B-AW1-T SH-EH1 R-IH0-NG CH-IH1-L D-R-AH0 N-W-IH1-L B-IY1 B-IH1-L D-IH0-NG K-ER1 AH0-N S-IY0-Z


only this time these currencies will be global, unforgeable-

OW1 N-L-IY0 DH-IH1-S T-AY1-M DH-IY1-Z K-ER1 AH0-N S-IY0 Z-W-IH1-L B-IY1 G-L-OW1 B-AH0 L-AH0-N F-AO1-R JH-AH0 B-AH0-L


... and scalable on day one.

AH0-N-D-S K-AA1 L-AH0 B-AH0 L-AA1-N D-EY1 W-AH1-N


a few years from now, maria will be launching maria coin in her kindergarten to compete against joey coin.

AH0 F-Y-UW1 Y-IH1-R-Z F-R-AH1-M N-AW1 M-ER0 IY1 AH0 W-IH1-L B-IY1 L-AO1-N CH-IH0-NG M-ER0 IY1 AH0 K-OY1 N-IH0-N HH-ER0 K-IH1-N D-ER0 G-AA2-R T-AH0-N T-UW1 K-AH0-M P-IY1 T-AH0 G-EH1-N-S-T JH-OW1 IY0 K-OY1-N


and for certainly some of the companies in this room-

AH0-N-D F-AO1-R S-ER1 T-AH0 N-L-IY0 S-AH1 M-AH1-V DH-AH0 K-AH1-M P-AH0 N-IY0 Z-IH0-N DH-IH1 S-R-UW1-M


... that exists in banking. that must exist.

DH-AE1 T-IH0-G Z-IH1-S-T S-IH0-N B-AE1-NG K-IH0-NG DH-AE1 T-M-AH1-S T-IH0-G Z-IH1-S-T


and yet, with bitcoin, you don't control other people's money.

AH0-N D-Y-EH1 T-W-IH1-DH B-IH1-T K-AH0 N-Y-UW1 D-AA1-N-T K-AH0-N T-R-OW1 L-AH1 DH-ER0 P-IY1 P-AH0-L Z-M-AH1 N-IY0


i have complete and total authority over my bitcoin.

AY1 HH-AE1-V K-AH0-M P-L-IY1 T-AH0-N-D T-OW1 T-AH0 L-AH0 TH-AO1 R-AH0 T-IY0 OW1 V-ER0 M-AY1 B-IH1-T K-AH0-N


and amsterdam started issuing depository certificates, and providing banking services.

AH0-N D-AE1-M-S T-ER0 D-AE2-M-S T-AA1-R T-AH0 D-IH1 SH-UW0 IH0-NG D-IH0 P-AA1 Z-AH0 T-AO2 R-IY0 S-ER0 T-IH1 F-IH0 K-AH0-T S-AH0-N-D P-R-AH0 V-AY1 D-IH0-NG B-AE1-NG K-IH0-NG S-ER1 V-AH0 S-AH0-Z


and it's not about anyone in this room.

AH0-N D-IH1-T S-N-AA1 T-AH0 B-AW1 T-EH1 N-IY0 W-AH2 N-IH0-N DH-IH1 S-R-UW1-M


i can go onto a brokerage account-

AY1 K-AE1-N G-OW1 AA1-N T-UW0 AH0 B-R-OW1 K-ER0 IH0 JH-AH0 K-AW1-N-T


six billion people can operate mainly in one currency.

S-IH1-K-S B-IH1 L-Y-AH0-N P-IY1 P-AH0-L K-AE1 N-AA1 P-ER0 EY2 T-M-EY1 N-L-IY0 IH0 N-W-AH1-N K-ER1 AH0-N S-IY0


they will leapfrog. they will never have a relationship with a bank.

DH-EY1 W-IH1-L L-IY1-P F-R-AO2-G DH-EY1 W-IH1-L N-EH1 V-ER0 HH-AE1 V-AH0 R-IY0 L-EY1 SH-AH0-N SH-IH2 P-W-IH1 DH-AH0 B-AE1-NG-K


every single child born today-

EH1 V-ER0 IY0 S-IH1-NG G-AH0-L CH-AY1-L-D B-AO1-R-N T-AH0 D-EY1


... they will have a bank app-

DH-EY1 W-IH1-L HH-AE1 V-AH0 B-AE1-NG K-AE1-P


they will not be permitted to open a bank account until they're 16 years old.

DH-EY1 W-IH1-L N-AA1-T B-IY1 P-ER0 M-IH1 T-AH0-D T-UW1 OW1 P-AH0 N-AH0 B-AE1-NG K-AH0 K-AW1-N T-AH0-N T-IH1-L TH-EH1-R S-IH0-K-S T-IY1 N-Y-IH1-R Z-OW1-L-D


it is highly likely that children born today will never get a driving license, because they'll have self-driving cars, but they will also-

IH1 T-IH1-Z HH-AY1 L-IY0 L-AY1 K-L-IY0 DH-AE1-T CH-IH1-L D-R-AH0-N B-AO1-R-N T-AH0 D-EY1 W-IH1-L N-EH1 V-ER0 G-EH1 T-AH0 D-R-AY1 V-IH0 NG-L-AY1 S-AH0-N-S B-IH0 K-AO1-Z TH-EY1-L HH-AE1-V S-IH0-L F-R-IH1 JH-IH0-V K-AA1-R-Z B-AH1-T DH-EY1 W-IH1 L-AO1-L S-OW0


they have enormous need, and this system offers them a solution.

DH-EY1 HH-AE1 V-IH0 N-AO1-R M-AH0 S-N-IY1 D-AH0-N-D DH-IH1-S S-IH1-S T-AH0 M-AO1 F-ER0-Z DH-EH1 M-AH0 S-AH0 L-UW1 SH-AH0-N


it's not ready yet. it's nascent.

IH1-T S-N-AA1 T-R-EH1 D-IY0 Y-EH1 T-IH1-T S-N-EY1 S-AH0-N-T


in 1989, i sent my first email.

IH0-N N-AY1-N T-IY1 N-EY1 T-IY0 N-AY1 N-AY1 S-EH1-N T-M-AY1 F-ER1-S T-IY0 M-EY1-L


that email was transmitted.

DH-AE1 T-IY0 M-EY1 L-W-AA1-Z T-R-AE0-N S-M-IH1 T-IH0-D


exactly 20 years later, my mother replicated that experience-

IH0-G Z-AE1-K T-L-IY0 T-W-EH1-N T-IY0 Y-IH1-R Z-L-EY1 T-ER0 M-AY1 M-AH1 DH-ER0 R-EH1 P-L-IH0 K-EY2 T-IH0-D DH-AE1 T-IH0-K-S P-IH1 R-IY0 AH0-N-S


... with a swipe. bitcoin today-

W-IH1 DH-AH0 S-W-AY1-P B-IH1-T K-AH0-N T-AH0 D-EY1


they're not interested in those things. they're interested in sharing cat videos.

TH-EH1-R N-AA1 T-IH1-N T-R-AH0-S T-AH0 D-IH0-N DH-OW1-Z TH-IH1-NG-Z TH-EH1 R-IH1-N T-R-AH0-S T-AH0 D-IH0-N SH-EH1 R-IH0-NG K-AE1-T V-IH1 D-IY0 OW0-Z


when you take digital currency mainstream, and give it to the 4 billion people who have been isolated from international finance-

W-EH1 N-Y-UW1 T-EY1-K D-IH1 JH-AH0 T-AH0-L K-ER1 AH0-N S-IY0 M-EY1-N-S T-R-IY2 M-AH0-N-D G-IH1 V-IH1-T T-UW1 DH-AH0 F-AO1-R B-IH1 L-Y-AH0-N P-IY1 P-AH0-L HH-UW1 HH-AE1-V B-IH1 N-AY1 S-AH0 L-EY2 T-AH0-D F-R-AH1 M-IH2-N T-ER0 N-AE1 SH-AH0 N-AH0-L F-AH0 N-AE1-N-S


... and commerce, and you give them the opportunity to control their money against the spotted governments, and corrupt banks that are stealing from them-

AH0-N-D K-AA1 M-ER0 S-AH0-N D-Y-UW1 G-IH1-V DH-EH1-M DH-AH0 AA2 P-ER0 T-UW1 N-AH0 T-IY0 T-UW1 K-AH0-N T-R-OW1-L DH-EH1-R M-AH1 N-IY0 AH0 G-EH1-N-S-T DH-AH0-S P-AA1 T-AH0-D G-AH1 V-ER0 M-AH0-N-T S-AH0-N-D K-ER0 AH1-P-T B-AE1-NG-K-S DH-AE1 T-AA1-R-S T-IY1 L-IH0-NG F-R-AH1-M DH-EH1-M


... control over finance that cannot be seized, frozen-

K-AH0-N T-R-OW1 L-OW1 V-ER0 F-AH0 N-AE1-N-S DH-AE1-T K-AE1 N-AA0-T B-IY1 S-IY1-Z-D F-R-OW1 Z-AH0-N


... or censored. they will buy food-

AO1-R S-EH1-N S-ER0-D DH-EY1 W-IH1-L B-AY1 F-UW1-D


... and they will not be denied.

AH0-N-D DH-EY1 W-IH1-L N-AA1-T B-IY1 D-IH0 N-AY1-D


it's a guppy swimming in shark infested waters, and every trader, every whale goes in there, and just-

IH1-T S-AH0 G-AH1 P-IY0 S-W-IH1 M-IH0 NG-IH0-N SH-AA1-R K-IH0-N F-EH1-S T-AH0 D-W-AO1 T-ER0 Z-AH0-N D-EH1 V-ER0 IY0 T-R-EY1 D-ER0 EH1 V-ER0 IY0 W-EY1-L G-OW1 Z-IH0-N DH-EH1 R-AH0-N-D JH-AH1-S-T


... [inaudible 00:06:41] of living on bitcoin, which i have been doing full-time for more than three years.

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-IH1-K S-M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 W-AH1-N S-EH1 K-AH0-N D-AH1 V-L-IH1 V-IH0 NG-AA1-N B-IH1-T K-AH0 N-W-IH1 CH-AY1 HH-AE1-V B-IH1-N D-UW1 IH0-NG F-UH1-L T-AY2-M F-AO1-R M-AO1-R DH-AE1-N TH-R-IY1 Y-IH1-R-Z


... to an american, i can't sell that to a brit.

T-UW1 AE1 N-AH0 M-EH1 R-AH0 K-AH0 N-AY1 K-AE1-N-T S-EH1-L DH-AE1-T T-UW1 AH0 B-R-IH1-T


our currency has volatility like this.

AW1 ER0 K-ER1 AH0-N S-IY0 HH-AE1-Z V-AA2 L-AH0 T-IH1 L-AH0 T-IY0 L-AY1-K DH-IH1-S


bitcoin has volatility like this.

B-IH1-T K-AH0-N HH-AE1-Z V-AA2 L-AH0 T-IH1 L-AH0 T-IY0 L-AY1-K DH-IH1-S


and you don't need to tell them why.

AH0-N D-Y-UW1 D-AA1-N T-N-IY1-D T-UW1 T-EH1-L DH-EH1 M-W-AY1


volatility is relative.

V-AA2 L-AH0 T-IH1 L-AH0 T-IY0 IH1 Z-R-EH1 L-AH0 T-IH0-V


absolutely. the steering wheel was not invented until 30 years after the automobile was introduced.

AE2-B S-AH0 L-UW1 T-L-IY0 DH-AH0-S T-IH1 R-IH0 NG-W-IY1 L-W-AA1 Z-N-AA1 T-IH0-N V-EH1-N T-AH0 D-AH0-N T-IH1-L TH-ER1 D-IY0 Y-IH1-R Z-AE1-F T-ER0 DH-AH0 AO1 T-AH0 M-OW0 B-IY2 L-W-AA1 Z-IH2-N T-R-AH0 D-UW1-S-T


why? because the first automobiles had two leather straps that you pulled left or right.

W-AY1 B-IH0 K-AO1-Z DH-AH0 F-ER1-S T-AO1 T-AH0 M-OW0 B-IY2-L-Z HH-AE1-D T-UW1 L-EH1 DH-ER0-S T-R-AE1-P-S DH-AE1 T-Y-UW1 P-UH1-L D-L-EH1-F T-AO1-R R-AY1-T


it means keeping a shadow of the former past in your new system, failing to see.

IH1 T-M-IY1-N-Z K-IY1 P-IH0 NG-AH0 SH-AE1 D-OW2 AH1-V DH-AH0 F-AO1-R M-ER0 P-AE1-S T-IH0 N-Y-AO1-R N-UW1 S-IH1-S T-AH0-M F-EY1 L-IH0-NG T-UW1 S-IY1


where your money is your money.

W-EH1 R-Y-AO1-R M-AH1 N-IY0 IH1 Z-Y-AO1-R M-AH1 N-IY0


... not your money. what is the first thing we do with this new system? we build-

N-AA1 T-Y-AO1-R M-AH1 N-IY0 W-AH1 T-IH1-Z DH-AH0 F-ER1-S-T TH-IH1 NG-W-IY1 D-UW1 W-IH1-DH DH-IH1 S-N-UW1 S-IH1-S T-AH0 M-W-IY1 B-IH1-L-D


... centralized institutionals of custodial control that take other people's money, and hold it for them. well, guess what?

S-EH1-N T-R-AH0 L-AY2-Z D-IH2-N-S T-IH0 T-UW1 SH-AH0 N-AH0-L Z-AH1-V K-AH0-S T-OW1 D-IY0 AH0-L K-AH0-N T-R-OW1-L DH-AE1-T T-EY1 K-AH1 DH-ER0 P-IY1 P-AH0-L Z-M-AH1 N-IY0 AH0-N-D HH-OW1-L D-IH1-T F-AO1-R DH-EH1 M-W-EH1-L G-EH1 S-W-AH1-T


and yet it still happens all the time.

AH0-N D-Y-EH1 T-IH1-T-S T-IH1-L HH-AE1 P-AH0-N Z-AO1-L DH-AH0 T-AY1-M


... all the time. of course, if you replicate custodial accounts, exchanges that take other people's bitcoin, and concentrate it-

AO1-L DH-AH0 T-AY1 M-AH1-V K-AO1-R S-IH1 F-Y-UW1 R-EH1 P-L-AH0 K-EY2-T K-AH0-S T-OW1 D-IY0 AH0 L-AH0 K-AW1-N-T S-IH0-K-S CH-EY1-N JH-AH0-Z DH-AE1-T T-EY1 K-AH1 DH-ER0 P-IY1 P-AH0-L-Z B-IH1-T K-AH0 N-AH0-N-D K-AA1-N S-AH0-N T-R-EY2 T-IH1-T


stop centralizing the decentralized currency.

S-T-AA1-P S-EH1-N T-R-AH0 L-AY2 Z-IH0-NG DH-AH0 D-IH0 S-EH1-N T-R-AH0 L-AY2-Z-D K-ER1 AH0-N S-IY0


... that exists because of the decentralization of control and power.

DH-AE1 T-IH0-G Z-IH1-S-T-S B-IH0 K-AO1 Z-AH1-V DH-AH0 D-IH0 S-EH2-N T-R-AH0 L-IH0 Z-EY1 SH-AH0 N-AH1-V K-AH0-N T-R-OW1 L-AH0-N-D P-AW1 ER0


if they all give their keys to one person, or one organization-

IH1-F DH-EY1 AO1-L G-IH1-V DH-EH1-R K-IY1-Z T-UW1 W-AH1-N P-ER1 S-AH0 N-AO1 R-W-AH1 N-AO2-R G-AH0 N-AH0 Z-EY1 SH-AH0-N


... [inaudible 00:08:44] the largest security honeypot in the world.

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0 Z-EY1 T-M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 F-AO1-R S-EH1 K-AH0-N-D-Z DH-AH0 L-AA1-R JH-AH0-S-T S-IH0 K-Y-UH1 R-AH0 T-IY0 HH-AH1 N-IY0 P-AA2 T-IH0-N DH-AH0 W-ER1-L-D


... 24 hours a day by the most sophisticated attackers this planet has.

T-W-EH1-N T-IY0 F-AO1 R-AW1 ER0 Z-AH0 D-EY1 B-AY1 DH-AH0 M-OW1-S-T S-AH0 F-IH1-S T-AH0 K-EY2 T-IH0 D-AH0 T-AE1 K-ER0-Z DH-IH1-S P-L-AE1 N-AH0-T HH-AE1-Z


and if you, in that environment, set up a centralized custodial exchange-

AH0-N D-IH1 F-Y-UW1 IH0-N DH-AE1 T-IH0-N V-AY1 R-AH0-N M-AH0-N-T S-EH1 T-AH1 P-AH0 S-EH1-N T-R-AH0 L-AY2-Z-D K-AH0-S T-OW1 D-IY0 AH0 L-IH0-K-S CH-EY1-N-JH


... and you park $150 million honeypot in there-

AH0-N D-Y-UW1 P-AA1-R K-W-AH1-N HH-AH1-N D-R-AH0-D F-IH1-F T-IY0 M-IH1 L-Y-AH0-N D-AA1 L-ER0-Z HH-AH1 N-IY0 P-AA2 T-IH0-N DH-EH1-R


... you're inviting the sharks. bitcoin banks get hacked.

Y-UH1 R-IH0-N V-AY1 T-IH0-NG DH-AH0 SH-AA1-R-K-S B-IH1-T K-AH0-N B-AE1-NG-K-S G-EH1-T HH-AE1-K-T


50 to 25 in november of 2012.

F-IH1-F T-IY0 T-UW1 T-W-EH1-N T-IY0 F-AY1 V-IH0-N N-OW0 V-EH1-M B-ER0 AH1-V T-W-EH1-N T-IY0 T-W-EH1-L-V


it gets harder, and harder, and harder to mine gold, at greater, and greater, and greater cost.

IH1-T G-EH1-T-S HH-AA1-R D-ER0 AH0-N-D HH-AA1-R D-ER0 AH0-N-D HH-AA1-R D-ER0 T-UW1 M-AY1-N G-OW1-L D-AE1-T G-R-EY1 T-ER0 AH0-N-D G-R-EY1 T-ER0 AH0-N-D G-R-EY1 T-ER0 K-AA1-S-T


bitcoin is no longer issued. 21 million coins-

B-IH1-T K-AH0 N-IH1 Z-N-OW1 L-AO1-NG G-ER0 IH1 SH-UW0-D T-W-EH1-N T-IY0 W-AH1-N M-IH1 L-Y-AH0-N K-OY1-N-Z


it can also be used simply as a currency for any cross border transactions, import-export activities.

IH1-T K-AE1 N-AO1-L S-OW0 B-IY1 Y-UW1-Z-D S-IH1-M P-L-IY0 AE1 Z-AH0 K-ER1 AH0-N S-IY0 F-AO1 R-EH1 N-IY0 K-R-AO1-S B-AO1-R D-ER0 T-R-AE0-N Z-AE1-K SH-AH0-N Z-IH0-M P-AO1-R T-AH0-S T-R-AE2-T S-AE0-K T-IH1 V-AH0 T-IY0-Z


you will hear a lot about blockchain.

Y-UW1 W-IH1-L HH-IY1 R-AH0 L-AA1 T-AH0 B-AW1-T B-L-AA1-K HH-EY2-N


but it's not the internet of money.

B-AH1 T-IH1-T S-N-AA1-T DH-AH0 IH1-N T-ER0 N-EH2 T-AH1 V-M-AH1 N-IY0


[foreign language 00:00:24].

F-AO1 R-AH0 N-L-AE1-NG G-W-AH0-JH Z-IH1 R-OW0 AW1 ER0-Z Z-IH1 R-OW0 M-IH1 N-AH0-T S-AH0-N-D T-W-EH1-N T-IY0 F-AO1-R S-EH1 K-AH0-N-D-Z


[foreign language 00:00:30].

F-AO1 R-AH0 N-L-AE1-NG G-W-AH0-JH Z-IH1 R-OW0 AW1 ER0-Z Z-IH1 R-OW0 M-IH1 N-AH0-T S-AH0-N-D TH-ER1 D-IY0 S-EH1 K-AH0-N-D-Z


... here. this is the biggest-

HH-IY1-R DH-IH1 S-IH1-Z DH-AH0 B-IH1 G-AH0-S-T


when i go around the world and i talk about open blockchains and cryptocurrencies, people often have di-

W-EH1 N-AY1 G-OW1 ER0 AW1-N-D DH-AH0 W-ER1-L D-AH0-N D-AY1 T-AO1 K-AH0 B-AW1 T-OW1 P-AH0-N B-L-AA1 K-AH0 N-AY2 Z-AH0-N-D K-R-IH1-P K-AH0 Y-ER2 AH0 S-N-IY0-Z P-IY1 P-AH0 L-AO1 F-AH0-N HH-AE1-V D-IY1


... about this technology, right? now, in greece, a lot of the interest...

AH0 B-AW1-T DH-IH1-S T-EH0 K-N-AA1 L-AH0 JH-IY0 R-AY1 T-N-AW1 IH0-N G-R-IY1 S-AH0 L-AA1 T-AH1-V DH-AH0 IH1-N T-R-AH0-S-T


... is about how to find ways to invest.

IH1 Z-AH0 B-AW1-T HH-AW1 T-UW1 F-AY1-N D-W-EY1-Z T-UW1 IH0-N V-EH1-S-T


tonight's talk is about the next bit-

T-OW1 N-AY2-T-S T-AO1 K-IH1 Z-AH0 B-AW1-T DH-AH0 N-EH1-K-S-T B-IH1-T


... all the time, which is what is going to be the next bitcoin?

AO1-L DH-AH0 T-AY1 M-W-IH1 CH-IH1 Z-W-AH1 T-IH1-Z G-OW1 IH0-NG T-UW1 B-IY1 DH-AH0 N-EH1-K-S-T B-IH1-T K-AH0-N


...be someone else at this party i could talk-

B-IY1 S-AH1 M-W-AH2 N-EH1-L S-AE1-T DH-IH1-S P-AA1-R T-IY0 AY1 K-UH1-D T-AO1-K


if you say, it was very interesting, it's a decentralized system that allows you to create a monetary supply of deflationary assets that distributed in a fair amount-

IH1 F-Y-UW1 S-EY1 IH1 T-W-AA1-Z V-EH1 R-IY0 IH1-N T-R-AH0-S T-IH0 NG-IH1-T S-AH0 D-IH0 S-EH1-N T-R-AH0 L-AY2-Z-D S-IH1-S T-AH0-M DH-AE1 T-AH0 L-AW1 Z-Y-UW1 T-UW1 K-R-IY0 EY1 T-AH0 M-AA1 N-AH0 T-EH2 R-IY0 S-AH0 P-L-AY1 AH1-V D-IH0 F-L-EY1 SH-AH0 N-EH2 R-IY0 AE1 S-EH2-T-S DH-AE1-T D-IH0-S T-R-IH1 B-Y-AH0 T-AH0 D-IH0 N-AH0 F-EH1 R-AH0 M-AW1-N-T


...because if you believe it works, what are you going to do?

B-IH0 K-AO1 Z-IH1 F-Y-UW1 B-IH0 L-IY1 V-IH1 T-W-ER1-K S-W-AH1 T-AA1 R-Y-UW1 G-OW1 IH0-NG T-UW1 D-UW1


what are you going to do?

W-AH1 T-AA1 R-Y-UW1 G-OW1 IH0-NG T-UW1 D-UW1


you're going to sell everything you have and buy this-

Y-UH1-R G-OW1 IH0-NG T-UW1 S-EH1 L-EH1 V-R-IY0 TH-IH2 NG-Y-UW1 HH-AE1 V-AH0-N-D B-AY1 DH-IH1-S


...thing. and then when it becomes a hundred times bigger, you're rich. you go home, you retire-

TH-IH1 NG-AH0-N-D DH-EH1 N-W-EH1 N-IH1-T B-IH0 K-AH1-M Z-AH0 HH-AH1-N D-R-AH0-D T-AY1-M-Z B-IH1 G-ER0 Y-UH1-R R-IH1 CH-Y-UW1 G-OW1 HH-OW1 M-Y-UW1 R-IH0 T-AY1-R


right? one of the most guaranteed ways you know that this technology is in a bubble, is when people you haven't seen since high school call you up like me.

R-AY1 T-W-AH1 N-AH1-V DH-AH0 M-OW1-S-T G-EH2 R-AH0-N T-IY1 D-W-EY1 Z-Y-UW1 N-OW1 DH-AE1-T DH-IH1-S T-EH0 K-N-AA1 L-AH0 JH-IY0 IH1 Z-IH0 N-AH0 B-AH1 B-AH0 L-IH1 Z-W-EH1-N P-IY1 P-AH0 L-Y-UW1 HH-AE1 V-AH0-N-T S-IY1-N S-IH1-N-S HH-AY1-S K-UW1-L K-AO1 L-Y-UW1 AH1 P-L-AY1 K-M-IY1


no, not really.


remember me? is this a good time to buy?

R-IH0 M-EH1-M B-ER0 M-IY1 IH1-Z DH-IH1 S-AH0 G-UH1-D T-AY1-M T-UW1 B-AY1


i'm beginning to think i should sell, because if it's beginning to attract your kind of people who had no interest-

IH1-M B-IH0 G-IH1 N-IH0-NG T-UW1 TH-IH1-NG K-AY1 SH-UH1-D S-EH1-L B-IH0 K-AO1 Z-IH1 F-IH1-T-S B-IH0 G-IH1 N-IH0-NG T-UW1 AH0 T-R-AE1-K T-Y-AO1-R K-AY1-N D-AH1-V P-IY1 P-AH0-L HH-UW1 HH-AE1 D-N-OW1 IH1-N T-R-AH0-S-T


...you're the idiot, right? so if you're like-

Y-UH1-R DH-AH0 IH1 D-IY0 AH0 T-R-AY1-T S-OW1 IH1 F-Y-UH1-R L-AY1-K


...which doesn't get banned by the government or whatever announcement, knowledge-

W-IH1-CH D-OW1 S-AH0-N-T G-EH1-T B-AE1-N-D B-AY1 DH-AH0 G-AH1 V-ER0 M-AH0-N T-AO1 R-W-AH2 T-EH1 V-ER0 AH0 N-AW1-N S-M-AH0-N T-N-AA1 L-AH0-JH


so the bottom line is knowledge and education is an investment you can make that will last.

S-OW1 DH-AH0 B-AA1 T-AH0 M-L-AY1 N-IH1 Z-N-AA1 L-AH0 JH-AH0-N D-EH2 JH-AH0 K-EY1 SH-AH0 N-IH1 Z-AE1 N-IH0-N V-EH1-S T-M-AH0-N T-Y-UW1 K-AE1-N M-EY1-K DH-AE1 T-W-IH1-L L-AE1-S-T


and even if bitcoin fails, the knowledge-

AH0-N D-IY1 V-IH0 N-IH1-F B-IH1-T K-AH0-N F-EY1-L-Z DH-AH0 N-AA1 L-AH0-JH


...and education you get from bitcoin doesn't go away, right? but anytime i tell people-

AH0-N D-EH2 JH-AH0 K-EY1 SH-AH0 N-Y-UW1 G-EH1-T F-R-AH1-M B-IH1-T K-AH0-N D-OW1 S-AH0-N-T G-OW1 AH0 W-EY1 R-AY1-T B-AH1 T-EH1 N-IY0 T-AY2 M-AY1 T-EH1-L P-IY1 P-AH0-L


...that, they're like, "yeah, yeah, okay." but-

DH-AE1-T TH-EH1-R L-AY1 K-Y-AE1 Y-AE1 OW2 K-EY1 B-AH1-T


...someone else, what you should buy. that means you don't understand the technology well enough to make that decision.

S-AH1 M-W-AH2 N-EH1-L S-W-AH1 T-Y-UW1 SH-UH1-D B-AY1 DH-AE1 T-M-IY1-N Z-Y-UW1 D-AA1-N T-AH2-N D-ER0-S T-AE1-N-D DH-AH0 T-EH0 K-N-AA1 L-AH0 JH-IY0 W-EH1 L-IH0 N-AH1-F T-UW1 M-EY1-K DH-AE1-T D-IH0 S-IH1 ZH-AH0-N


and some of the market, the liquidity is there. if you understand all that-

AH0-N-D S-AH1 M-AH1-V DH-AH0 M-AA1-R K-AH0-T DH-AH0 L-IH0 K-W-IH1 D-AH0 T-IY0 IH1-Z DH-EH1 R-IH1 F-Y-UW1 AH2-N D-ER0-S T-AE1-N D-AO1-L DH-AE1-T


okay. so i have known about bitcoin for almost a year.

OW2 K-EY1 S-OW1 AY1 HH-AE1 V-N-OW1 N-AH0 B-AW1-T B-IH1-T K-AH0-N F-AO1 R-AO1-L M-OW2-S T-AH0 Y-IH1-R


and i was reading all of these scientific papers and i was trying to understand how it worked-

AH0-N D-AY1 W-AA1 Z-R-EH1 D-IH0 NG-AO1 L-AH1-V DH-IY1-Z S-AY2 AH0-N T-IH1 F-IH0-K P-EY1 P-ER0 Z-AH0-N D-AY1 W-AA1-Z T-R-AY1 IH0-NG T-UW1 AH2-N D-ER0-S T-AE1-N-D HH-AW1 IH1 T-W-ER1-K-T


my comfort at that point was i need to buy-

M-AY1 K-AH1-M F-ER0 T-AE1-T DH-AE1-T P-OY1-N T-W-AA1 Z-AY1 N-IY1-D T-UW1 B-AY1


...to go to a grocery store-

T-UW1 G-OW1 T-UW1 AH0 G-R-OW1 S-ER0 IY0-S T-AO1-R


...to transfer money. and this is used mostly by poor people who don't have a bank account in order to pay their bills. so-

T-UW1 T-R-AE0-N-S F-ER1 M-AH1 N-IY0 AH0-N-D DH-IH1 S-IH1 Z-Y-UW1-Z D-M-OW1-S T-L-IY0 B-AY1 P-UH1-R P-IY1 P-AH0-L HH-UW1 D-AA1-N-T HH-AE1 V-AH0 B-AE1-NG K-AH0 K-AW1-N T-IH0 N-AO1-R D-ER0 T-UW1 P-EY1 DH-EH1-R B-IH1-L-Z S-OW1


...in japan, which was the only exchange that existed for bitcoin at the time-

IH0-N JH-AH0 P-AE1 N-W-IH1 CH-W-AA1-Z DH-AH0 OW1 N-L-IY0 IH0-K-S CH-EY1-N-JH DH-AE1 T-IH0-G Z-IH1-S T-AH0-D F-AO1-R B-IH1-T K-AH0 N-AE1-T DH-AH0 T-AY1-M


...thing, they think-


..could work. and what do i mean by work?

K-UH1 D-W-ER1 K-AH0-N D-W-AH1-T D-UW1 AY1 M-IY1-N B-AY1 W-ER1-K


...hitting. it's got some people on the webpage. it's got some [inaudible 00:04:09].

HH-IH1 T-IH0 NG-IH1-T-S G-AA1-T S-AH1-M P-IY1 P-AH0 L-AA1-N DH-AH0 W-EH1-P B-EY2 JH-IH1-T-S G-AA1-T S-AH1 M-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AO1-R M-IH1 N-AH0-T S-AH0-N D-N-AY1-N S-EH1 K-AH0-N-D-Z


...looking for the next bitcoin are going to believe this is the next bitcoin. so what they do-

L-UH1 K-IH0-NG F-AO1-R DH-AH0 N-EH1-K-S-T B-IH1-T K-AH0 N-AA1-R G-OW1 IH0-NG T-UW1 B-IH0 L-IY1-V DH-IH1 S-IH1-Z DH-AH0 N-EH1-K-S-T B-IH1-T K-AH0-N S-OW1 W-AH1-T DH-EY1 D-UW1


...is they get into the market with a lot of money, when the price is really early on, then they wait for all of you to go, "ah, i'll just-

IH1-Z DH-EY1 G-EH1 T-IH0-N T-UW1 DH-AH0 M-AA1-R K-AH0 T-W-IH1 DH-AH0 L-AA1 T-AH1 V-M-AH1 N-IY0 W-EH1-N DH-AH0 P-R-AY1 S-IH1 Z-R-IH1 L-IY0 ER1 L-IY0 AA1-N DH-EH1-N DH-EY1 W-EY1-T F-AO1 R-AO1 L-AH1 V-Y-UW1 T-UW1 G-OW1 AA1 IH1-L JH-AH1-S-T


...system of investment is called pump and-

S-IH1-S T-AH0 M-AH1 V-IH0-N V-EH1-S T-M-AH0-N T-IH1-Z K-AO1-L-D P-AH1-M P-AH0-N-D


...dump, right? so what they do is they put [inaudible 00:04:38] money-

D-AH1-M P-R-AY1-T S-OW1 W-AH1-T DH-EY1 D-UW1 IH1-Z DH-EY1 P-UH1 T-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AO1-R M-IH1 N-AH0-T S-AH0-N-D TH-ER1 D-IY0 EY1-T S-EH1 K-AH0-N-D Z-M-AH1 N-IY0


...and so as soon as there's lots of people who are not-

AH0-N-D S-OW1 AE1-Z S-UW1 N-AE1-Z DH-EH1-R Z-L-AA1-T S-AH1-V P-IY1 P-AH0-L HH-UW1 AA1-R N-AA1-T


...dump. and what they do is they sell all of their shitcoin-

D-AH1-M P-AH0-N D-W-AH1-T DH-EY1 D-UW1 IH1-Z DH-EY1 S-EH1 L-AO1 L-AH1-V DH-EH1-R SH-IH1-T K-AW2-N


...they made a huge return on investment. and all of the people who put in a hundred euros just in case, go-

DH-EY1 M-EY1 D-AH0 HH-Y-UW1 JH-R-IH0 T-ER1 N-AA1 N-IH0-N V-EH1-S T-M-AH0-N T-AH0-N D-AO1 L-AH1-V DH-AH0 P-IY1 P-AH0-L HH-UW1 P-UH1 T-IH0 N-AH0 HH-AH1-N D-R-AH0 D-Y-UW1 R-OW0-Z JH-AH1-S T-IH0-N K-EY1-S G-OW1


...then they repeat and so on and so forth.

DH-EH1-N DH-EY1 R-IH0 P-IY1 T-AH0-N-D S-OW1 AA1 N-AH0-N-D S-OW1 F-AO1-R-TH


...work. and none of the people that were really involved in the early days believed that this was a good investment.

W-ER1 K-AH0-N D-N-AH1 N-AH1-V DH-AH0 P-IY1 P-AH0-L DH-AE1 T-W-ER0 R-IH1 L-IY0 IH0-N V-AA1-L-V D-IH0-N DH-AH0 ER1 L-IY0 D-EY1-Z B-IH0 L-IY1-V-D DH-AE1-T DH-IH1 S-W-AA1 Z-AH0 G-UH1 D-IH0-N V-EH1-S T-M-AH0-N-T


they believed it was an interesting technology.

DH-EY1 B-IH0 L-IY1-V D-IH1 T-W-AA1 Z-AE1 N-IH1-N T-R-AH0-S T-IH0-NG T-EH0 K-N-AA1 L-AH0 JH-IY0


you had to get some of it to try out-

Y-UW1 HH-AE1-D T-UW1 G-EH1-T S-AH1 M-AH1 V-IH1-T T-UW1 T-R-AY1 AW1-T


...right? that's not how it works.

R-AY1-T TH-AE1-T S-N-AA1-T HH-AW1 IH1 T-W-ER1-K-S


[inaudible 00:05:24] it goes from $2 to $8. and i go, "yeah,-

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AY1 V-M-IH1 N-AH0-T S-AH0-N-D T-W-EH1-N T-IY0 F-AO1-R S-EH1 K-AH0-N-D Z-IH1-T G-OW1-Z F-R-AH1-M T-UW1 D-AA1 L-ER0-Z T-UW1 EY1-T D-AA1 L-ER0 Z-AH0-N D-AY1 G-OW1 Y-AE1


...score!" i quadrupled my investment.

S-K-AO1 R-AY1 K-W-AA0 D-R-UW1 P-AH0-L D-M-AY1 IH0-N V-EH1-S T-M-AH0-N-T


and this keeps happening again, that this has happened to everybody who's gotten involved because it's very easy to think, "oh, i would-

AH0-N-D DH-IH1-S K-IY1-P-S HH-AE1 P-AH0 N-IH0 NG-AH0 G-EH1-N DH-AE1-T DH-IH1-S HH-AE1-Z HH-AE1 P-AH0-N-D T-UW1 EH1 V-R-IY0 B-AA2 D-IY0 HH-UW1-Z G-AA1 T-AH0 N-IH0-N V-AA1-L-V-D B-IH0 K-AO1 Z-IH1-T-S V-EH1 R-IY0 IY1 Z-IY0 T-UW1 TH-IH1-NG K-OW1 AY1 W-UH1-D


...understand immediately that this investment would go to thousands of dollars. but if you told me in-

AH2-N D-ER0-S T-AE1-N D-IH0 M-IY1 D-IY0 AH0 T-L-IY0 DH-AE1-T DH-IH1 S-IH0-N V-EH1-S T-M-AH0-N T-W-UH1-D G-OW1 T-UW1 TH-AW1 Z-AH0-N-D Z-AH1-V D-AA1 L-ER0-Z B-AH1 T-IH1 F-Y-UW1 T-OW1-L D-M-IY1 IH0-N


2012, "oh, it's $2 now-

T-W-EH1-N T-IY0 T-W-EH1-L V-OW1 IH1-T-S T-UW1 D-AA1 L-ER0 Z-N-AW1


...but in 2019, it's going to be $13,000. they're like...

B-AH1 T-IH0-N T-W-EH1-N T-IY0 N-AY1-N T-IY1 N-IH1-T-S G-OW1 IH0-NG T-UW1 B-IY1 TH-ER1 T-IY1-N TH-AW1 Z-AH0-N-D D-AA1 L-ER0-Z TH-EH1-R L-AY1-K


...today, in three years is going to be $150,000-

T-AH0 D-EY1 IH0-N TH-R-IY1 Y-IH1-R Z-IH1-Z G-OW1 IH0-NG T-UW1 B-IY1 W-AH1-N HH-AH1-N D-R-AH0-D F-IH1-F T-IY0 TH-AW1 Z-AH0-N-D D-AA1 L-ER0-Z


...thinks they do that. the strategy...

TH-IH1-NG-K-S DH-EY1 D-UW1 DH-AE1-T DH-AH0-S T-R-AE1 T-AH0 JH-IY0


...buy low, sell high. in practice, what you end up doing is a somewhat similar strategy called buy high, sell low.

B-AY1 L-OW1 S-EH1-L HH-AY1 IH0-N P-R-AE1-K T-AH0 S-W-AH1 T-Y-UW1 EH1-N D-AH1-P D-UW1 IH0 NG-IH1 Z-AH0 S-AH1 M-W-AH1-T S-IH1 M-AH0 L-ER0-S T-R-AE1 T-AH0 JH-IY0 K-AO1-L-D B-AY1 HH-AY1 S-EH1-L L-OW1


no? done it.


right? who hasn't? okay, really, who hasn't?

R-AY1-T HH-UW1 HH-AE1-S-N T-OW2 K-EY1 R-IH1 L-IY0 HH-UW1 HH-AE1-S-N-T


...everywhere. right? and then they're like, oh, [inaudible 00:06:46]-

EH1 V-R-IY0 W-EH2-R R-AY1 T-AH0-N-D DH-EH1-N TH-EH1-R L-AY1 K-OW1 IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-IH1-K S-M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 S-IH1-K-S S-EH1 K-AH0-N-D-Z


...those. because if you do that and then-

DH-OW1-Z B-IH0 K-AO1 Z-IH1 F-Y-UW1 D-UW1 DH-AE1 T-AH0-N-D DH-EH1-N


...that's what it's going to do.

TH-AE1-T S-W-AH1 T-IH1-T-S G-OW1 IH0-NG T-UW1 D-UW1


[inaudible 00:06:57]. so even if it manages to be very successful- -

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-IH1-K S-M-IH1 N-AH0-T S-AH0-N-D F-IH1-F T-IY0 S-EH1 V-AH0-N S-EH1 K-AH0-N-D-Z S-OW1 IY1 V-IH0 N-IH1 F-IH1 T-M-AE1 N-IH0 JH-IH0-Z T-UW1 B-IY1 V-EH1 R-IY0 S-AH0-K S-EH1-S F-AH0-L


...right? and every time there's an opportunity for food, a whole-

R-AY1 T-AH0-N D-EH1 V-ER0 IY0 T-AY1-M DH-EH1-R Z-AE1 N-AA2 P-ER0 T-UW1 N-AH0 T-IY0 F-AO1-R F-UW1 D-AH0 HH-OW1-L


[inaudible 00:07:09] in a pure digital form. okay. that-

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N D-N-AY1-N S-EH1 K-AH0-N-D Z-IH0 N-AH0 P-Y-UH1-R D-IH1 JH-AH0 T-AH0-L F-AO1-R M-OW2 K-EY1 DH-AE1-T


..so when someone comes and says, "we can do a slightly better bitcoin."

S-OW1 W-EH1-N S-AH1 M-W-AH2-N K-AH1-M Z-AH0-N-D S-EH1 Z-W-IY1 K-AE1-N D-UW1 AH0 S-L-AY1 T-L-IY0 B-EH1 T-ER0 B-IH1-T K-AH0-N


great. you can do a slightly better bitcoin. nobody-

G-R-EY1 T-Y-UW1 K-AE1-N D-UW1 AH0 S-L-AY1 T-L-IY0 B-EH1 T-ER0 B-IH1-T K-AH0-N N-OW1 B-AA2 D-IY2


...you have shitcoin and it comes along and it's like, "we're the next-

Y-UW1 HH-AE1-V SH-IH1-T K-AW2 N-AH0-N D-IH1-T K-AH1-M Z-AH0 L-AO1 NG-AH0-N D-IH1-T S-L-AY1 K-W-ER0 DH-AH0 N-EH1-K-S-T


...and it's got enough differentiation that if they both started out-

AH0-N D-IH1-T-S G-AA1 T-IH0 N-AH1-F D-IH0 F-ER0 EH2-N SH-IY0 EY1 SH-AH0-N DH-AE1 T-IH1-F DH-EY1 B-OW1-TH-S T-AA1-R T-AH0 D-AW1-T


...it would win. it would absolutely win if they both started out-

IH1 T-W-UH1 D-W-IH1 N-IH1 T-W-UH1 D-AE2-B S-AH0 L-UW1 T-L-IY0 W-IH1 N-IH1-F DH-EY1 B-OW1-TH-S T-AA1-R T-AH0 D-AW1-T


...at the same time, it would win. but now,-

AE1-T DH-AH0 S-EY1-M T-AY1 M-IH1 T-W-UH1 D-W-IH1-N B-AH1 T-N-AW1


...where the book says, "mastering bitcoin," where the software libraries are [inaudible 00:07:47]-

W-EH1-R DH-AH0 B-UH1-K S-EH1 Z-M-AE1-S T-ER0 IH0-NG B-IH1-T K-AH0 N-W-EH1-R DH-AH0 S-AO1-F T-W-EH2-R L-AY1 B-R-EH2 R-IY0 Z-AA1 R-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 S-EH1 V-AH0-N S-EH1 K-AH0-N-D-Z


...bitcoin, where the exchanges have bitcoin and it has a lot of liquidity, where there's 20-

B-IH1-T K-AH0 N-W-EH1-R DH-AH0 IH0-K-S CH-EY1-N JH-AH0-Z HH-AE1-V B-IH1-T K-AH0 N-AH0-N D-IH1-T HH-AE1 Z-AH0 L-AA1 T-AH1 V-L-IH0 K-W-IH1 D-AH0 T-IY0 W-EH1-R T-IY1 HH-IY1 R-IH1-Z T-W-EH1-N T-IY0


...i don't have any. and everybody i know is already interested in this other thing.

AY1 D-AA1-N-T HH-AE1 V-EH1 N-IY0 AH0-N D-EH1 V-R-IY0 B-AA2 D-IY0 AY1 N-OW1 IH1 Z-AO0-L R-EH1 D-IY0 IH1-N T-R-AH0-S T-AH0 D-IH0-N DH-IH1 S-AH1 DH-ER0 TH-IH1-NG


...day two, nobody attacks bitcoin. on day-

D-EY1 T-UW1 N-OW1 B-AA2 D-IY2 AH0 T-AE1-K-S B-IH1-T K-AH0 N-AA1-N D-EY1


...1074, nobody attacked bitcoin.

T-EH1-N S-EH1 V-AH0-N T-IY0 F-AO1-R N-OW1 B-AA2 D-IY2 AH0 T-AE1-K-T B-IH1-T K-AH0-N


nobody had really heard of it.

N-OW1 B-AA2 D-IY2 HH-AE1 D-R-IH1 L-IY0 HH-ER1 D-AH1 V-IH1-T


nobody thought it would work. on day-

N-OW1 B-AA2 D-IY2 TH-AO1 T-IH1 T-W-UH1 D-W-ER1 K-AA1-N D-EY1


...2,500, nobody attacked bitcoin.

T-UW1 TH-AW1 Z-AH0-N-D F-AY1-V HH-AH1-N D-R-AH0 D-N-OW1 B-AA2 D-IY2 AH0 T-AE1-K-T B-IH1-T K-AH0-N


...time. it was strong enough to resist the attack.

T-AY1 M-IH1 T-W-AA1-Z-S T-R-AO1 NG-IH0 N-AH1-F T-UW1 R-IH0 Z-IH1-S-T DH-AH0 AH0 T-AE1-K


they attack your system, and the next morning, it's gone.

DH-EY1 AH0 T-AE1 K-Y-AO1-R S-IH1-S T-AH0 M-AH0-N-D DH-AH0 N-EH1-K-S T-M-AO1-R N-IH0 NG-IH1-T-S G-AO1-N


you get hacked, you get crashed. you go out and do proof-

Y-UW1 G-EH1-T HH-AE1-K T-Y-UW1 G-EH1-T K-R-AE1-SH T-Y-UW1 G-OW1 AW1 T-AH0-N-D D-UW1 P-R-UW1-F


...of work. oh, i've got a new proof of work algorithm. and everybody comes in with their gpus.

AH1 V-W-ER1 K-OW1 AY1-V G-AA1 T-AH0 N-UW1 P-R-UW1 F-AH1 V-W-ER1 K-AE1-L G-ER0 IH2 DH-AH0 M-AH0-N D-EH1 V-R-IY0 B-AA2 D-IY0 K-AH1-M Z-IH0 N-W-IH1-DH DH-EH1-R JH-AH1-P-S


...right? so then they dominate the network. they're-

R-AY1-T S-OW1 DH-EH1-N DH-EY1 D-AA1 M-AH0 N-EY2-T DH-AH0 N-EH1 T-W-ER2-K TH-EH1-R


there's lots of them and they're-

DH-EH1-R Z-L-AA1-T S-AH1-V DH-EH1 M-AH0-N-D TH-EH1-R


so you saw proof of stake and who buys all of the stake? rich people.

S-OW1 Y-UW1 S-AO1 P-R-UW1 F-AH1-V-S T-EY1 K-AH0-N-D HH-UW1 B-AY1 Z-AO1 L-AH1-V DH-AH0-S T-EY1 K-R-IH1-CH P-IY1 P-AH0-L


and the only reason rich people didn't buy all of the bitcoin in the beginning is because they thought it wasn't going to work. but if you-

AH0-N-D DH-AH0 OW1 N-L-IY0 R-IY1 Z-AH0 N-R-IH1-CH P-IY1 P-AH0-L D-IH1 D-AH0-N-T B-AY1 AO1 L-AH1-V DH-AH0 B-IH1-T K-AH0 N-IH0-N DH-AH0 B-IH0 G-IH1 N-IH0 NG-IH1-Z B-IH0 K-AO1-Z DH-EY1 TH-AO1 T-IH1 T-W-AO1-S-T G-OW1 IH0-NG T-UW1 W-ER1-K B-AH1 T-IH1 F-Y-UW1


...are looking for the next bitcoin that they can sell to you-

AA1-R L-UH1 K-IH0-NG F-AO1-R DH-AH0 N-EH1-K-S-T B-IH1-T K-AH0-N DH-AE1-T DH-EY1 K-AE1-N S-EH1-L T-UW1 Y-UW1


...to the people who don't know any better.

T-UW1 DH-AH0 P-IY1 P-AH0-L HH-UW1 D-AA1-N T-N-OW1 EH1 N-IY0 B-EH1 T-ER0


...that [vitalik 00:09:41] sent out to ask for comments.

DH-AE1-T V-IH1 T-AH0 L-IH0-K Z-IH1 R-OW0 AW1 ER0 Z-N-AY1-N M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 W-AH1-N S-EH1 K-AH0-N-D S-EH1-N T-AW1-T T-UW1 AE1-S-K F-AO1-R K-AA1 M-EH0-N-T-S


i've got this new idea. we're looking for developers-

AY1-V G-AA1-T DH-IH1 S-N-UW1 AY0 D-IY1 AH0 W-ER0 L-UH1 K-IH0-NG F-AO1-R D-IH0 V-EH1 L-AH0 P-ER0-Z


...in his kitchen. and he patiently explained to me that he had already tried to do it on bitcoin-

IH0-N HH-IH1-Z K-IH1 CH-AH0 N-AH0-N-D HH-IY1 P-EY1 SH-AH0-N T-L-IY0 IH0-K-S P-L-EY1-N-D T-UW1 M-IY1 DH-AE1-T HH-IY1 HH-AE1 D-AO0-L R-EH1 D-IY0 T-R-AY1-D T-UW1 D-UW1 IH1 T-AA1-N B-IH1-T K-AH0-N


no, you can't because-


but the funny thing that happens next is while ethereum people are like, "we could be the next bitcoin," some other people are going-

B-AH1-T DH-AH0 F-AH1 N-IY0 TH-IH1-NG DH-AE1-T HH-AE1 P-AH0-N Z-N-EH1-K-S T-IH1 Z-W-AY1 L-EH1 TH-R-IY0 AH0-M P-IY1 P-AH0 L-AA1-R L-AY1 K-W-IY1 K-UH1-D B-IY1 DH-AH0 N-EH1-K-S-T B-IH1-T K-AH0-N S-AH1 M-AH1 DH-ER0 P-IY1 P-AH0 L-AA1-R G-OW1 IH0-NG


everyone in ethereum is looking over their shoulder and going, "who are you?"

EH1 V-R-IY0 W-AH2 N-IH0 N-EH1 TH-R-IY0 AH0 M-IH1 Z-L-UH1 K-IH0 NG-OW1 V-ER0 DH-EH1-R SH-OW1-L D-ER0 AH0-N-D G-OW1 IH0-NG HH-UW1 AA1 R-Y-UW1


can't find enough attention.

K-AE1-N-T F-AY1-N D-IH0 N-AH1 F-AH0 T-EH1-N SH-AH0-N


that's not enough, right? now trump just called us drug dealers.

TH-AE1-T S-N-AA1 T-IH0 N-AH1 F-R-AY1 T-N-AW1 T-R-AH1-M-P JH-AH1-S-T K-AO1-L D-AH1-S D-R-AH1-G D-IY1 L-ER0-Z


not enough. we've been called drug dealers before.

N-AA1 T-IH0 N-AH1 F-W-IY1-V B-IH1-N K-AO1-L-D D-R-AH1-G D-IY1 L-ER0-Z B-IH0 F-AO1-R


they say, "hey, we can do cryptocurrency too." no, you can't.

DH-EY1 S-EY1 HH-EY1 W-IY1 K-AE1-N D-UW1 K-R-IH1 P-AH0 K-Y-AH0 N-ER0 SH-IY0 T-UW1 N-OW1 Y-UW1 K-AE1-N-T


not enough. the only way bitcoin fails is from the inside.

N-AA1 T-IH0 N-AH1-F DH-AH0 OW1 N-L-IY0 W-EY1 B-IH1-T K-AH0-N F-EY1-L Z-IH1-Z F-R-AH1-M DH-AH0 IH0-N S-AY1-D


it has to fail because of a critical vulnerability that cannot be fixed, or the people don't want to fix.

IH1-T HH-AE1-Z T-UW1 F-EY1-L B-IH0 K-AO1 Z-AH1 V-AH0 K-R-IH1 T-IH0 K-AH0-L V-AH2-L N-ER0 AH0 B-IH1 L-IH0 T-IY0 DH-AE1-T K-AE1 N-AA0-T B-IY1 F-IH1-K-S T-AO1-R DH-AH0 P-IY1 P-AH0-L D-AA1-N T-W-AA1-N-T T-UW1 F-IH1-K-S


motivations, different cultures, different languages, different operating systems, different-

M-OW2 T-AH0 V-EY1 SH-AH0-N-Z D-IH1 F-ER0 AH0-N-T K-AH1-L CH-ER0-Z D-IH1 F-ER0 AH0-N T-L-AE1-NG G-W-AH0 JH-AH0-Z D-IH1 F-ER0 AH0-N T-AA1 P-ER0 EY2 T-IH0-NG S-IH1-S T-AH0-M-Z D-IH1 F-ER0 AH0-N-T


software platforms, all collaborating around one core-

S-AO1-F T-W-EH2-R P-L-AE1-T F-AO2-R-M Z-AO1-L K-AH0 L-AE1 B-ER0 EY2 T-IH0 NG-ER0 AW1-N D-W-AH1-N K-AO1-R


in order for something else to pop up. now, this is both good news and bad news. if you're trying-

IH0 N-AO1-R D-ER0 F-AO1-R S-AH1-M TH-IH0 NG-EH1-L-S T-UW1 P-AA1 P-AH1 P-N-AW1 DH-IH1 S-IH1-Z B-OW1-TH G-UH1 D-N-UW1 Z-AH0-N-D B-AE1 D-N-UW1 Z-IH1 F-Y-UH1-R T-R-AY1 IH0-NG


because i'm sorry to tell you, you don't have the next bitcoin, or the next ethereum.

B-IH0 K-AO1 Z-IH1-M S-AA1 R-IY0 T-UW1 T-EH1 L-Y-UW1 Y-UW1 D-AA1-N-T HH-AE1-V DH-AH0 N-EH1-K-S-T B-IH1-T K-AH0 N-AO1-R DH-AH0 N-EH1-K-S T-EH1 TH-R-IY0 AH0-M


they waited until the first 20 failed.

DH-EY1 W-EY1 T-AH0 D-AH0-N T-IH1-L DH-AH0 F-ER1-S-T T-W-EH1-N T-IY0 F-EY1-L-D


now, remember microsoft came along and said, "we're the next google."

N-AW1 R-IH0 M-EH1-M B-ER0 M-AY1 K-R-OW2 S-AO1-F-T K-EY1 M-AH0 L-AO1 NG-AH0-N-D S-EH1 D-W-ER0 DH-AH0 N-EH1-K-S-T G-UW1 G-AH0-L


we even have a fun name it's like...

W-IY1 IY1 V-IH0-N HH-AE1 V-AH0 F-AH1-N N-EY1 M-IH1-T S-L-AY1-K


it's just not happening. that this year bitcoin will surely fail.

IH1-T-S JH-AH1-S T-N-AA1-T HH-AE1 P-AH0 N-IH0-NG DH-AE1-T DH-IH1 S-Y-IH1-R B-IH1-T K-AH0 N-W-IH1-L SH-UH1-R L-IY0 F-EY1-L


this year bitcoin will get-

DH-IH1 S-Y-IH1-R B-IH1-T K-AH0 N-W-IH1-L G-EH1-T


shot down. they've been hoping. they've been telling them-

SH-AA1-T D-AW1-N DH-EY1-V B-IH1-N HH-OW1 P-IH0-NG DH-EY1-V B-IH1-N T-EH1 L-IH0-NG DH-EH1-M


the moment it fails-


flood that environment and bootstrap something new.

F-L-AH1-D DH-AE1 T-IH0-N V-AY1 R-AH0-N M-AH0-N T-AH0-N-D B-UW1-T-S T-R-AE2-P S-AH1-M TH-IH0-NG N-UW1


if they're really smart, they're going to call it bitcoin.

IH1-F TH-EH1-R R-IH1 L-IY0 S-M-AA1-R-T TH-EH1-R G-OW1 IH0-NG T-UW1 K-AO1 L-IH1-T B-IH1-T K-AH0-N


and so it never dies.


because who occupies the space, and has the name keeps changing.

B-IH0 K-AO1-Z HH-UW1 AA1 K-Y-AH0 P-AY2-Z DH-AH0-S P-EY1 S-AH0-N-D HH-AE1-Z DH-AH0 N-EY1-M K-IY1-P-S CH-EY1-N JH-IH0-NG


you don't go and poke-


is going to very quickly discover that this will be a battle on all fronts.

IH1-Z G-OW1 IH0-NG T-UW1 V-EH1 R-IY0 K-W-IH1 K-L-IY0 D-IH0-S K-AH1 V-ER0 DH-AE1-T DH-IH1 S-W-IH1-L B-IY1 AH0 B-AE1 T-AH0 L-AA1 N-AO1-L F-R-AH1-N-T-S


every bug in the software will get poked and then-

EH1 V-ER0 IY0 B-AH1 G-IH0-N DH-AH0 S-AO1-F T-W-EH2 R-W-IH1-L G-EH1-T P-OW1-K T-AH0-N-D DH-EH1-N


out of that it will have survived its first fork attack, and we will know a lot more about what happens in highly contentious fork environments.

AW1 T-AH1-V DH-AE1 T-IH1 T-W-IH1-L HH-AE1-V S-ER0 V-AY1-V D-IH1-T-S F-ER1-S-T F-AO1-R K-AH0 T-AE1 K-AH0-N D-W-IY1 W-IH1-L N-OW1 AH0 L-AA1 T-M-AO1 R-AH0 B-AW1 T-W-AH1-T HH-AE1 P-AH0-N Z-IH0-N HH-AY1 L-IY0 K-AH0-N T-EH1-N SH-AH0-S F-AO1-R K-IH0-N V-AY1 R-AH0-N M-AH0-N-T-S


overtaken by one of these other currencies.

OW1 V-ER0 T-EY2 K-AH0-N B-AY1 W-AH1 N-AH1-V DH-IY1 Z-AH1 DH-ER0 K-ER1 AH0-N S-IY0-Z


say, "oh, it's not what it looked like."

S-EY1 OW1 IH1-T S-N-AA1 T-W-AH1 T-IH1 T-L-UH1-K T-L-AY1-K


don't pay attention to the stabbing.

D-AA1-N-T P-EY1 AH0 T-EH1-N SH-AH0-N T-UW1 DH-AH0-S T-AE1 B-IH0-NG


what's happening in bitcoin now isn't unique to bitcoin. it-

W-AH0-T-S HH-AE1 P-AH0 N-IH0 NG-IH0-N B-IH1-T K-AH0-N N-AW1 IH1 S-AH0-N T-Y-UW0 N-IY1-K T-UW1 B-IH1-T K-AH0 N-IH1-T


will lead to massive centralization and a takeover by miners, some approaches will lead-

W-IH1-L L-EH1-D T-UW1 M-AE1 S-IH0-V S-EH2-N T-R-AH0 L-IH0 Z-EY1 SH-AH0 N-AH0-N D-AH0 T-EY1 K-OW2 V-ER0 B-AY1 M-AY1 N-ER0-Z S-AH1 M-AH0 P-R-OW1 CH-AH0 Z-W-IH1-L L-EH1-D


watch what happens and learn these mistakes cheaply.

W-AA1 CH-W-AH1-T HH-AE1 P-AH0-N Z-AH0-N D-L-ER1-N DH-IY1 Z-M-IH0-S T-EY1-K-S CH-IY1 P-L-IY0


zero, right? how many blocks were full.

Z-IH1 R-OW0 R-AY1-T HH-AW1 M-EH1 N-IY0 B-L-AA1-K S-W-ER0 F-UH1-L


i'm kind of pointing out that right now-

IH1-M K-AY1-N D-AH1-V P-OY1-N T-IH0 NG-AW1-T DH-AE1 T-R-AY1 T-N-AW1


paragon software and finally ag-

P-EH1 R-AH0 G-AA2-N S-AO1-F T-W-EH2 R-AH0-N-D F-AY1 N-AH0 L-IY0 AE1-G


there wasn't too much discussion about this, but-

DH-EH1 R-W-AO1-S-T T-UW1 M-AH1-CH D-IH0-S K-AH1 SH-AH0 N-AH0 B-AW1-T DH-IH1-S B-AH1-T


hold on so why is there that middle step? and the reason for that is because-

HH-OW1-L D-AA1-N S-OW1 W-AY1 IH1-Z DH-EH1-R DH-AE1 T-M-IH1 D-AH0-L-S T-EH1 P-AH0-N-D DH-AH0 R-IY1 Z-AH0-N F-AO1-R DH-AE1 T-IH1-Z B-IH0 K-AO1-Z


effect important proposals, so they could pass a proposal-

IH0 F-EH1-K T-IH0-M P-AO1-R T-AH0-N-T P-R-AH0 P-OW1 Z-AH0-L-Z S-OW1 DH-EY1 K-UH1-D P-AE1 S-AH0 P-R-AH0 P-OW1 Z-AH0-L


system when we deal with individuals-

S-IH1-S T-AH0 M-W-EH1 N-W-IY1 D-IY1 L-W-IH1 DH-IH2-N D-AH0 V-IH1 JH-AH0 W-AH0-L-Z


we are talking about-


that's really important to us to really try to connect the whole world, and be able to know whether someone is unique in that extreme-

TH-AE1-T S-R-IH1 L-IY0 IH0-M P-AO1-R T-AH0-N-T T-UW1 AH1-S T-UW1 R-IH1 L-IY0 T-R-AY1 T-UW1 K-AH0 N-EH1-K-T DH-AH0 HH-OW1 L-W-ER1-L D-AH0-N-D B-IY1 EY1 B-AH0-L T-UW1 N-OW1 W-EH1 DH-ER0 S-AH1 M-W-AH2 N-IH1 Z-Y-UW0 N-IY1 K-IH0-N DH-AE1 T-IH0-K-S T-R-IY1-M


and the reputation system would be the one that will manage.

AH0-N-D DH-AH0 R-EH2 P-Y-AH0 T-EY1 SH-AH0-N S-IH1-S T-AH0 M-W-UH1-D B-IY1 DH-AH0 W-AH1-N DH-AE1 T-W-IH1-L M-AE1 N-AH0-JH


by who in the company actually say, makes a claim, or does something.

B-AY1 HH-UW1 IH0-N DH-AH0 K-AH1-M P-AH0 N-IY0 AE1-K CH-AH0 W-AH0 L-IY0 S-EY1 M-EY1-K S-AH0 K-L-EY1 M-AO1-R D-AH1-Z S-AH1-M TH-IH0-NG


i think the dow will likely operate in many aspects fully digital-

AY1 TH-IH1-NG-K DH-AH0 D-AW1 W-IH1-L L-AY1 K-L-IY0 AA1 P-ER0 EY2 T-IH0-N M-EH1 N-IY0 AE1-S P-EH2-K-T-S F-UH1 L-IY0 D-IH1 JH-AH0 T-AH0-L


the link of that system into the physical world is extremely important.

DH-AH0 L-IH1-NG K-AH1-V DH-AE1-T S-IH1-S T-AH0 M-IH0-N T-UW1 DH-AH0 F-IH1 Z-IH0 K-AH0 L-W-ER1-L D-IH1 Z-IH0-K-S T-R-IY1 M-L-IY0 IH0-M P-AO1-R T-AH0-N-T


to be very, very, very skeptical about-

T-UW1 B-IY1 V-EH1 R-IY0 V-EH1 R-IY0 V-EH1 R-IY0-S K-EH1-P T-AH0 K-AH0 L-AH0 B-AW1-T


have some way to cryptographically sign that and-

HH-AE1-V S-AH1 M-W-EY1 T-UW1 K-R-IH2-P T-AH0 G-R-AA1 F-AH0 L-IY0 S-AY1-N DH-AE1 T-AH0-N-D


i think we would create for sure.

AY1 TH-IH1-NG K-W-IY1 W-UH1-D K-R-IY0 EY1-T F-AO1-R SH-UH1-R


i'm very skeptical of-

IH1-M V-EH1 R-IY0-S K-EH1-P T-AH0 K-AH0 L-AH1-V


thank you all for coming.

TH-AE1-NG K-Y-UW1 AO1-L F-AO1-R K-AH1 M-IH0-NG


novelists who contributed in their-

N-AA1 V-AH0 L-AH0-S-T-S HH-UW1 K-AH0-N T-R-IH1 B-Y-UW0 T-IH0 D-IH0-N DH-EH1-R


the amount of people in woodman's it was crazy.

DH-AH0 AH0 M-AW1-N T-AH1-V P-IY1 P-AH0 L-IH0 N-W-UH1 D-M-AH0-N Z-IH1 T-W-AA1-Z K-R-EY1 Z-IY0


it's like a tile, but there's spaces in between each-

IH1-T S-L-AY1 K-AH0 T-AY1-L B-AH1-T DH-EH1-R-Z-S P-EY1 S-AH0 Z-IH0-N B-IH0 T-W-IY1 N-IY1-CH


i've never seen this-


well, that's the reason why many people are still listening to this talk about grocery stores [inaudible 00:06:47].

W-EH1-L TH-AE1-T-S DH-AH0 R-IY1 Z-AH0 N-W-AY1 M-EH1 N-IY0 P-IY1 P-AH0 L-AA1-R-S T-IH1-L L-IH1 S-AH0 N-IH0-NG T-UW1 DH-IH1-S T-AO1 K-AH0 B-AW1-T G-R-OW1 S-ER0 IY0-S T-AO1-R Z-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-IH1-K S-M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 S-EH1 V-AH0-N S-EH1 K-AH0-N-D-Z


they also look really outdated all of them.

DH-EY1 AO1-L S-OW0 L-UH1 K-R-IH1 L-IY0 AW1-T D-EY2 T-IH0 D-AO1 L-AH1-V DH-EH1-M


when they're doing that with your cart.

W-EH1-N TH-EH1-R D-UW1 IH0-NG DH-AE1 T-W-IH1 DH-Y-AO1-R K-AA1-R-T


leaves their cart behind, and then they keep-

L-IY1-V-Z DH-EH1-R K-AA1-R-T B-IH0 HH-AY1-N D-AH0-N-D DH-EH1-N DH-EY1 K-IY1-P


one's being unloaded the other one's being loaded up. so it's really fast-

W-AH1-N-Z B-IY1 IH0 NG-AH0 N-L-OW1 D-AH0-D DH-AH0 AH1 DH-ER0 W-AH1-N-Z B-IY1 IH0 NG-L-OW1 D-AH0 D-AH1-P S-OW1 IH1-T S-R-IH1 L-IY0 F-AE1-S-T


pressure thing they pick and save i can just kind of like throw things over there and didn't really have to-

P-R-EH1 SH-ER0 TH-IH1-NG DH-EY1 P-IH1 K-AH0-N-D S-EY1 V-AY1 K-AE1-N JH-AH1-S-T K-AY1-N D-AH1 V-L-AY1-K TH-R-OW1 TH-IH1-NG Z-OW1 V-ER0 DH-EH1 R-AH0-N-D D-IH1 D-AH0-N T-R-IH1 L-IY0 HH-AE1-V T-UW1


like, wow. i read that barcode really quickly.

L-AY1 K-W-AW1 AY1 R-EH1-D DH-AE1-T B-AA1-R K-AH0 D-R-IH1 L-IY0 K-W-IH1 K-L-IY0


yeah. yeah, like they'd probably buy-

Y-AE1 Y-AE1 L-AY1-K TH-IY1-D P-R-AA1 B-AH0 B-L-IY0 B-AY1


i was wondering how he was going to bring this in.

AY1 W-AA1 Z-W-AH1-N D-ER0 IH0-NG HH-AW1 HH-IY1 W-AA1-Z G-OW1 IH0-NG T-UW1 B-R-IH1-NG DH-IH1 S-IH0-N


[inaudible 00:07:36]

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N-D TH-ER1 D-IY0 S-IH1-K-S S-EH1 K-AH0-N-D-Z


like the shape of a normal-

L-AY1-K DH-AH0 SH-EY1 P-AH1 V-AH0 N-AO1-R M-AH0-L


oh, i don't have the internet-

OW1 AY1 D-AA1-N-T HH-AE1-V DH-AH0 IH1-N T-ER0 N-EH2-T


that's actually pretty funny know that we do have-

TH-AE1-T S-AE1-K CH-AH0 W-AH0 L-IY0 P-R-IH1 T-IY0 F-AH1 N-IY0 N-OW1 DH-AE1 T-W-IY1 D-UW1 HH-AE1-V


from now, it will probably happen on a summer-

F-R-AH1-M N-AW1 IH1 T-W-IH1-L P-R-AA1 B-AH0 B-L-IY0 HH-AE1 P-AH0 N-AA1 N-AH0 S-AH1 M-ER0


yeah, hee was born in canada.

Y-AE1 HH-IY1 W-AA1-Z B-AO1-R N-IH0-N K-AE1 N-AH0 D-AH0


so we held a gun up to his head and said endorsement.

S-OW1 W-IY1 HH-EH1-L D-AH0 G-AH1 N-AH1-P T-UW1 HH-IH1-Z HH-EH1 D-AH0-N-D S-EH1 D-EH0-N D-AO1-R S-M-AH0-N-T


thank you, ap.


in the winter. this room is fucking cold.

IH0-N DH-AH0 W-IH1-N T-ER0 DH-IH1 S-R-UW1 M-IH1-Z F-AH1 K-IH0-NG K-OW1-L-D


even-trump's response [crosstalk 00:08:18].if i can get-

IH0 V-EH1-N T-R-AH0-M-P S-R-IH0-S P-AA1-N-S K-R-AO1-S T-AO1-K Z-IH1 R-OW0 AW1 ER0 Z-EY1 T-M-IH1 N-AH0-T S-AH0-N D-EY0 T-IY1-N S-EH1 K-AH0-N-D Z-IH1 F-AY1 K-AE1-N G-EH1-T


it's important to be a great guy if you're going to be vice president.

IH1-T S-IH0-M P-AO1-R T-AH0-N-T T-UW1 B-IY1 AH0 G-R-EY1-T G-AY1 IH1 F-Y-UH1-R G-OW1 IH0-NG T-UW1 B-IY1 V-AY1-S P-R-EH1 Z-AH0 D-EH2-N-T


carly fiorin disappeared.

K-AA1-R L-IY0 F-IY0 AO1 R-AH0-N D-IH2 S-AH0 P-IH1-R-D


oh, sorry.


god. i'm better than carly. mm-hmm (affirmative).one thing i don't like about carly-

G-AA1 D-IH1-M B-EH1 T-ER0 DH-AE1-N K-AA1-R L-IY0 M-AH1 M-AE2 F-ER0 M-AH0 T-EH1 S-AH0-N TH-IH1 NG-AY1 D-AA1-N T-L-AY1 K-AH0 B-AW1-T K-AA1-R L-IY0


okay. well, he doesn't really talk to people.

OW2 K-EY1 W-EH1-L HH-IY1 D-OW1 S-AH0-N T-R-IH1 L-IY0 T-AO1-K T-UW1 P-IY1 P-AH0-L


for seven in the one debate 11.

F-AO1-R S-EH1 V-AH0 N-IH0-N DH-AH0 W-AH1-N D-AH0 B-EY1 T-IH0 L-EH1 V-AH0-N


come over here anymore.

K-AH1 M-OW1 V-ER0 HH-IY1 R-EH2 N-IY0 M-AO1-R


i'm [inaudible 00:08:49] was the viewer or something. and they asked him how tall he was. and he said, well-

AY1 AE1 M-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0 Z-EY1 T-M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 N-AY1-N S-EH1 K-AH0-N-D Z-W-AA1-Z DH-AH0 V-Y-UW1 ER0 AO1-R S-AH1-M TH-IH0 NG-AH0-N-D DH-EY1 AE1-S-K-T HH-IH1-M HH-AW1 T-AO1-L HH-IY1 W-AA1 Z-AH0-N-D HH-IY1 S-EH1 D-W-EH1-L


you know, from...you know.


six feet tall, but i'm actually only five.

S-IH1-K-S F-IY1-T T-AO1-L B-AH1 T-IH1 M-AE1-K CH-AH0 W-AH0 L-IY0 OW1 N-L-IY0 F-AY1-V


he actually said that.that was pretty gay. yeah.

HH-IY1 AE1-K CH-AH0 W-AH0 L-IY0 S-EH1-D TH-AE1-T HH-AH0 T-W-AA1-Z P-R-IH1 T-IY0 G-EY1 Y-AE1


under card debate. it's the under card debate.

AH1-N D-ER0 K-AA1-R-D D-AH0 B-EY1 T-IH1-T-S DH-AH0 AH1-N D-ER0 K-AA1-R-D D-AH0 B-EY1-T


did he win it? yeah.


if i can give me notifications all the time.

IH1 F-AY1 K-AE1-N G-IH1 V-M-IY1 N-OW2 T-AH0 F-AH0 K-EY1 SH-AH0-N Z-AO1-L DH-AH0 T-AY1-M


did he actually do that? he actually gave-

D-IH1-D HH-IY1 AE1-K CH-AH0 W-AH0 L-IY0 D-UW1 DH-AE1-T HH-IY1 AE1-K CH-AH0 W-AH0 L-IY0 G-EY1-V


own table. i just sat on the leather chair in manhattan.

OW1-N T-EY1 B-AH0 L-AY1 JH-AH1-S-T S-AE1 T-AA1-N DH-AH0 L-EH1 DH-ER0 CH-EH1 R-IH0-N M-AE0-N HH-AE1 T-AH0-N


so he remembers which desk is his-

S-OW1 HH-IY1 R-IH0 M-EH1-M B-ER0 Z-W-IH1-CH D-EH1-S K-IH1-Z HH-IH1-Z


look at the underlying law and tighten it up.

L-UH1 K-AE1-T DH-AH0 AH2-N D-ER0 L-AY1 IH0 NG-L-AO1 AH0-N-D T-AY1 T-AH0 N-IH1 T-AH1-P


i mean, people get into car accidents.

AY1 M-IY1-N P-IY1 P-AH0-L G-EH1 T-IH0-N T-UW1 K-AA1 R-AE1-K S-AH0 D-AH0-N-T-S


oh, no.i love drugs.but first it might be the drugs that got them that way.

OW1 N-OY1 L-AH1-V D-R-AH1-G-Z B-AH2-T F-ER1-S T-IH1 T-M-AY1-T B-IY1 DH-AH0 D-R-AH1-G-Z DH-AE1-T G-AA1-T DH-EH1-M DH-AE1 T-W-EY1


that's what i mean. it's like, "well, how the-"

TH-AE1-T S-W-AH1 T-AY1 M-IY1 N-IH1-T S-L-AY1 K-W-EH1-L HH-AW1 DH-AH0


as he picks up the shovel.

AE1-Z HH-IY1 P-IH1-K S-AH1-P DH-AH0 SH-AH1 V-AH0-L


massacred rabbits in our-

M-AE1 S-AH0 K-ER0 D-R-AE1 B-AH0-T S-IH0 N-AW1 ER0


... yard on easter of all days. and we had the dogs outside and-

Y-AA1-R D-AA1 N-IY1-S T-ER0 AH1 V-AO1-L D-EY1 Z-AH0-N D-W-IY1 HH-AE1-D DH-AH0 D-AA1-G Z-AW1-T S-AY1 D-AH0-N-D


yeah. because all i found was the head.

Y-AE1 B-IH0 K-AO1 Z-AO1 L-AY1 F-AW1-N D-W-AA1-Z DH-AH0 HH-EH1-D


it doesn't.i don't know.

IH1-T D-OW0 SH-EH1-N T-IY0 D-AA1-N T-N-OW1


but then i would have been...

B-AH1-T DH-EH1 N-AY1 W-UH1-D HH-AE1-V B-IH1-N


reported sunday, the premiums in the individual marketplace will jump in all but one state.

R-IY2 P-AO1-R T-AH0-D S-AH1-N D-EY2 DH-AH0 P-R-IY1 M-IY0 AH0-M Z-IH0-N DH-AH0 IH2-N D-AH0 V-IH1 JH-AH0 W-AH0-L M-AA1-R K-AH0-T P-L-EY2 S-W-IH1-L JH-AH1-M P-IH0 N-AO1-L B-AH1 T-W-AH1-N-S T-EY1-T


did you? i thought you guessed.

D-IH1 D-Y-UW1 AY1 TH-AO1 T-Y-UW1 G-EH1-S-T


i would have liked for my tea to be thawed.

AY1 W-UH1-D HH-AE1 V-L-AY1-K-T F-AO1-R M-AY1 T-IY1 T-UW1 B-IY1 TH-AO1-D


[crosstalk 00:01:13] wouldn't. that's why you ask for socks for christmas.

K-R-AO1-S T-AO1-K Z-IH1 R-OW0 AW1 ER0 Z-W-AH1-N M-IH1 N-AH0 T-AH0-N-D TH-ER1 T-IY1-N S-EH1 K-AH0-N-D Z-W-UH1 D-L-AH0-N-T TH-AE1-T S-W-AY1 Y-UW1 AE1-S-K F-AO1-R S-AA1-K-S F-AO1-R K-R-IH1 S-M-AH0-S


i would like sex.loads of sex.

AY1 W-UH1 D-L-AY1-K S-EH1-K S-L-OW2-D Z-AH1-V S-EH1-K-S


honey? well, where should i go look for that?

HH-AH1 N-IY0 W-EH1 L-W-EH1-R SH-UH1 D-AY1 G-OW1 L-UH1-K F-AO1-R DH-AE1-T


i don't know.never went in?

AY1 D-AA1-N T-N-AA1 N-IH0 V-ER0 W-EH1-N T-IH0-N


oh. they did their tests and stuff.

OW1 DH-EY1 D-IH1-D DH-EH1-R T-EH1-S-T S-AH0-N-D-S T-AH1-F


that must come in handy.yeah.

DH-AE1 T-M-AH1-S-T K-AH1 M-IH0-N HH-AE1-N D-IY0 AH0 B-AH0


okay. i'm going to have to swab your tonsils or whatever. and i was like, "all right."

OW2 K-EY1 IH1-M G-OW1 IH0-NG T-UW1 HH-AE1-V T-UW1 S-W-AA1 B-Y-AO1-R T-AA1-N S-AH0-L Z-AO1 R-W-AH2 T-EH1 V-ER0 AH0-N D-AY1 W-AA1 Z-L-AY1 K-AO1-L R-AY1-T


she actually said that?yeah.like the nurse?yeah. she's like-

SH-IY1 AE1-K CH-AH0 W-AH0 L-IY0 S-EH1-D TH-EY1 SH-AH0 W-AH0-L K-EY2 B-IY0 DH-AH0 N-ER0 S-IY1 AH0 SH-EH1 S-L-AY1-K


i was so pissed too. i was like, i feel like death and then-

AY1 W-AA1-Z S-OW1 P-IH1-S-T T-UW1 AY1 W-AA1 Z-L-AY1 K-AY1 F-IY1-L L-AY1-K D-EH1 TH-AH0-N-D DH-EH1-N


is a great one. [berbee 00:02:05]. please use that.

IH1 Z-AH0 G-R-EY1 T-W-AH1-N B-ER0 B-IY1 Z-IH1 R-OW0 AW1 ER0-Z T-UW1 M-IH1 N-AH0-T S-AH0-N-D F-AY1-V S-EH1 K-AH0-N-D-Z P-L-IY1 Z-Y-UW1-S DH-AE1-T


for president. and he was like, "i've been to 50-"

F-AO1-R P-R-EH1 Z-AH0 D-EH2-N T-AH0-N-D HH-IY1 W-AA1 Z-L-AY1 K-AY1-V B-IH1-N T-UW1 F-IH1-F T-IY0


you think if paul ryan replaces obamacare with-

Y-UW1 TH-IH1-NG K-IH1-F P-AO1-L R-AY1 AH0 N-R-IH0 P-L-EY1 S-IH0 Z-OW0 B-AE1 M-AH0 K-EH2 R-W-IH1-DH


... ryan care.no.it'll have that in there?

R-AY1 AH0-N K-EH1 R-AH0 N-OY2 T-AH0-L HH-AE1-V DH-AE1 T-IH0-N DH-EH1-R


what?somebody will read it though.

W-AA2-S T-AH0 D-AA1-M B-IY0 AH0 W-IH1-L R-EH1 D-IH1-T DH-OW1


he owns fox, and the wall street journal.

HH-IY1 OW1-N-Z F-AA1-K S-AH0-N-D DH-AH0 W-AO1-L-S T-R-IY1-T JH-ER1 N-AH0-L


stern sirius xm radio show on tuesday.

S-T-ER1-N S-IH1 R-IY0 AH0-S K-EH1-M Z-AH0 M-R-EY1 D-IY0 OW2 SH-OW1 AA1-N T-UW1-Z D-IY0


oh yeah. i remember that.

OW1 Y-AE1 AY1 R-IH0 M-EH1-M B-ER0 DH-AE1-T


at a brothel. it was on nevada brothel.

AE1 T-AH0 B-R-AA1 TH-AH0 L-IH1 T-W-AA1 Z-AA1-N N-AH0 V-AA1 D-AH0 B-R-AA1 TH-AH0-L


no. what's happening?go forward twice.

N-OW1 W-AH0-T-S HH-AH0 P-EH1 N-IH0-NG G-OW0 F-AO1 R-W-ER0-D T-W-AY1-S


cue. but it's like he's not even looking at me.

K-Y-UW1 B-AH1 T-IH1-T S-L-AY1-K HH-IY1 Z-N-AA1 T-IY1 V-IH0 N-L-UH1 K-IH0 NG-AE1 T-M-IY1


was not, i was sick.so we had a-i was pooping my brains out everywhere.we had andy mac in here.

W-AA1 Z-N-AA1 T-AY1 W-AA1-Z S-IH1-K S-OW0 W-IY1 HH-AE1 D-AY1 W-AA1-Z P-UW1 P-IH0-NG M-AY1 B-R-EY1-N Z-AW1 T-EH1 V-ER0 W-IY2 R-AH0 HH-AE1 D-AE1-N D-IY0 M-AE1 K-IH0-N HH-IY1-R


cody and i enjoyed it.

K-OW1 D-IY0 AH0-N D-AY1 EH0-N JH-OY1 D-IH1-T


i know. that's why i want you to read it. it'll make it more entertaining.

AY1 N-OW1 TH-AE1-T S-W-AY1 AY1 W-AA1-N T-Y-UW1 T-UW1 R-EH1 D-IH1 T-IH1 T-AH0-L M-EY1 K-IH1 T-M-AO1 R-EH2-N T-ER0 T-EY1 N-IH0-NG


in just a year, in 47% of the cases of, the water source at the primary residence was from the flint river.

IH0-N JH-AH1-S T-AH0 Y-IH1 R-IH0-N F-AO1-R T-IY0 S-EH1 V-AH0-N P-ER0 S-EH1-N T-AH1-V DH-AH0 K-EY1 S-AH0 Z-AH1-V DH-AH0 W-AO1 T-ER0 S-AO1-R S-AE1-T DH-AH0 P-R-AY1 M-EH2 R-IY0 R-EH1 Z-IH0 D-AH0-N S-W-AA1-Z F-R-AH1-M DH-AH0 F-L-IH1-N T-R-IH1 V-ER0


yeah.yeah.you'd never drink ginger ale?

Y-AY2 HH-IY0 EY1 F-AH0 D-N-EH1 V-ER0 D-R-IH1-NG-K JH-IH1-N JH-ER0 EY1-L


no. i usually pay someone else to go and get spring water and bottle it and then sell it to me at walmart.

N-OW1 AY1 Y-UW1 ZH-AH0 W-AH0 L-IY0 P-EY1 S-AH1 M-W-AH2 N-EH1-L-S T-UW1 G-OW1 AH0-N-D G-EH1-T-S P-R-IH1 NG-W-AO1 T-ER0 AH0-N-D B-AA1 T-AH0 L-IH1 T-AH0-N-D DH-EH1-N S-EH1 L-IH1-T T-UW1 M-IY1 AE1 T-W-AO1-L M-AA2-R-T


[inaudible 00:03:47] like american red cross volunteers to join the door to door efforts that began tuesday.

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z TH-R-IY1 M-IH1 N-AH0-T S-AH0-N-D F-AO1-R T-IY0 S-EH1 V-AH0-N S-EH1 K-AH0-N-D Z-L-AY1 K-AH0 M-EH1 R-AH0 K-AH0 N-R-EH1-D K-R-AO1-S V-AA2 L-AH0-N T-IH1-R-Z T-UW1 JH-OY1-N DH-AH0 D-AO1-R T-UW1 D-AO1 R-EH1 F-ER0-T-S DH-AE1-T B-IH0 G-AE1-N T-UW1-Z D-IY0


you'll pick up a free water bottle. ooh.

Y-UW1-L P-IH1 K-AH1 P-AH0 F-R-IY1 W-AO1 T-ER0 B-AA1 T-AH0 L-UW1


what? under 143 cases [inaudible 00:04:02]. oh, okay. nevermind.

W-AH1 T-AH1-N D-ER0 W-AH1-N HH-AH1-N D-R-AH0 D-AH0-N-D F-AO1-R T-IY0 TH-R-IY1 K-EY1 S-AH0 Z-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AO1-R M-IH1 N-AH0-T S-AH0-N-D T-UW1 S-EH1 K-AH0-N-D Z-OW1 OW2 K-EY1 N-EH1 V-ER0 M-AY2-N-D


like the first time i clicked it, it didn't go.

L-AY1-K DH-AH0 F-ER1-S-T T-AY1 M-AY1 K-L-IH1-K T-IH1 T-IH1-T D-IH1 D-AH0-N-T G-OW1


i guess. 42% have used an alternative financial service.

AY1 G-EH1-S F-AO1-R T-IY0 T-UW1 P-ER0 S-EH1-N-T HH-AE1 V-Y-UW1-Z D-AE1 N-AO0-L T-ER1 N-AH0 T-IH0-V F-AH0 N-AE1-N SH-AH0-L S-ER1 V-AH0-S


title loans, tax refund advances.

T-AY1 T-AH0-L L-OW1-N-Z T-AE1-K S-R-IY1 F-AH2-N D-AH0-D V-AE1-N S-AH0-Z


looks worse when appearing alongside the answers.

L-UH1-K S-W-ER1 S-W-EH1 N-AH0 P-IH1 R-IH0 NG-AH0 L-AO1-NG S-AY1-D DH-AH0 AE1-N S-ER0-Z


and mcdonald's something is clearly wrong.

AH0-N D-M-AH0-K D-AA1 N-AH0-L-D-Z S-AH1-M TH-IH0 NG-IH1-Z K-L-IH1-R L-IY0 R-AO1-NG


why is nobody trying to stop her.

W-AY1 IH1 Z-N-OW1 B-AA2 D-IY2 T-R-AY1 IH0-NG T-UW1-S T-AA1-P HH-ER0


i think she's eating. maybe not.

AY1 TH-IH1-NG-K SH-EH1 S-IY1 T-IH0-NG M-EY1 B-IY0 N-AA1-T


suarez. a mother of two-

S-W-AA0 R-EH1 Z-AH0 M-AH1 DH-ER0 AH1-V T-UW1


i on my phone, pooping.


actually, these kids are supposed to be provided-

AE1-K CH-AH0 W-AH0 L-IY0 DH-IY1-Z K-IH1-D Z-AA1-R S-AH0 P-OW1-Z-D T-UW1 B-IY1 P-R-AH0 V-AY1 D-AH0-D


... a lot of-


so what i began to see in working in the sitting is that it was things-

S-OW1 W-AH1 T-AY1 B-IH0 G-AE1-N T-UW1 S-IY1 IH0 N-W-ER1 K-IH0 NG-IH0-N DH-AH0 S-IH1 T-IH0 NG-IH1-Z DH-AE1 T-IH1 T-W-AA1-Z TH-IH1-NG-Z


then itself that is-


[inaudible 00:05:16] in all the homes.

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AY1 V-M-IH1 N-AH0-T S-AH0-N-D S-IH0-K-S T-IY1-N S-EH1 K-AH0-N-D Z-IH0 N-AO1-L DH-AH0 HH-OW1-M-Z


[inaudible 00:05:20] where you belong.

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z F-AY1 V-M-IH1 N-AH0-T S-AH0-N-D T-W-EH1-N T-IY0 S-EH1 K-AH0-N-D Z-W-EH1 R-Y-UW1 B-IH0 L-AO1-NG


to that extent. so-


and as they believe god, they began-

AH0-N D-AE1-Z DH-EY1 B-IH0 L-IY1-V G-AA1-D DH-EY1 B-IH0 G-AE1-N


and he had a very good point.

AH0-N-D HH-IY1 HH-AE1 D-AH0 V-EH1 R-IY0 G-UH1-D P-OY1-N-T


my life has been totally transformed from the inside out.

M-AY1 L-AY1-F HH-AE1-Z B-IH1-N T-OW1 T-AH0 L-IY0 T-R-AE0-N-S F-AO1-R-M-D F-R-AH1-M DH-AH0 IH0-N S-AY1 D-AW1-T


period. like young adults to read this book.

P-IH1 R-IY0 AH0 D-L-AY1 K-Y-AH1 NG-AH0 D-AH1-L-T-S T-UW1 R-EH1-D DH-IH1-S B-UH1-K


they do. if they want to know why they do what they do.

DH-EY1 D-UW1 IH1-F DH-EY1 W-AA1-N-T T-UW1 N-OW1 W-AY1 DH-EY1 D-UW1 W-AH1-T DH-EY1 D-UW1


mississippi, david banner, who's been gone for quite some-

M-IH2 S-IH0 S-IH1 P-IY0 D-EY1 V-IH0-D B-AE1 N-ER0 HH-UW1-Z B-IH1-N G-AO1-N F-AO1-R K-W-AY1-T S-AH1-M


you guys and the that you do these things. the reason you make bad-

Y-UW1 G-AY1 Z-AH0-N-D DH-AH0 DH-AE1 T-Y-UW1 D-UW1 DH-IY1-Z TH-IH1-NG-Z DH-AH0 R-IY1 Z-AH0 N-Y-UW1 M-EY1-K B-AE1-D


mississippi, louisiana, arkansas.

M-IH2 S-IH0 S-IH1 P-IY0 L-UW0 IY2 Z-IY0 AE1 N-AH0 AA1-R K-AH0-N S-AA2


and you like southern hip hop. i really-

AH0-N D-Y-UW1 L-AY1-K S-AH1 DH-ER0-N HH-IH1-P HH-AA1 P-AY1 R-IH1 L-IY0


... think you will enjoy the god box by david banner. i'm feeling-

TH-IH1-NG K-Y-UW1 W-IH1 L-EH0-N JH-OY1 DH-AH0 G-AA1-D B-AA1-K-S B-AY1 D-EY1 V-IH0-D B-AE1 N-ER0 IH1-M F-IY1 L-IH0-NG


the video. don't forget to give it a thumbs up. if you are on youtube, hit that-

DH-AH0 V-IH1 D-IY0 OW0 D-AA1-N-T F-ER0 G-EH1-T T-UW1 G-IH1 V-IH1 T-AH0 TH-AH1-M Z-AH1 P-IH1 F-Y-UW1 AA1 R-AA1 N-Y-UW1 T-UW2-B HH-IH1-T DH-AE1-T


get fried chicken. it went from-

G-EH1-T F-R-AY1-D CH-IH1 K-AH0 N-IH1 T-W-EH1-N-T F-R-AH1-M


[inaudible 00:06:22]. she burst out crying like-

IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-IH1-K S-M-IH1 N-AH0-T S-AH0-N-D T-W-EH1-N T-IY0 T-UW1 S-EH1 K-AH0-N-D-Z SH-IY1 B-ER1-S T-AW1-T K-R-AY1 IH0 NG-L-AY1-K


serious? you went to class here? and made it from there, and they offered me a work study working downtown and-

S-IH1 R-IY0 AH0 S-Y-UW1 W-EH1-N-T T-UW1 K-L-AE1-S HH-IY1 R-AH0-N D-M-EY1 D-IH1-T F-R-AH1-M DH-EH1 R-AH0-N-D DH-EY1 AO1 F-ER0 D-M-IY1 AH0 W-ER1-K-S T-AH1 D-IY0 W-ER1 K-IH0-NG D-AW1-N T-AW1 N-AH0-N-D


it was speaking at different schools.

IH1 T-W-AA1-Z-S P-IY1 K-IH0 NG-AE1-T D-IH1 F-ER0 AH0-N-T-S K-UW1-L-Z


he was very mean, abusive.

HH-IY1 W-AA1-Z V-EH1 R-IY0 M-IY1 N-AH0 B-Y-UW1 S-IH0-V


he said love each other and i spoke at his funeral, the restorations.

HH-IY1 S-EH1 D-L-AH1 V-IY1 CH-AH1 DH-ER0 AH0-N D-AY1-S P-OW1 K-AE1-T HH-IH1-Z F-Y-UW1 N-ER0 AH0-L DH-AH0 R-EH2-S T-ER0 EY1 SH-AH0-N-Z


i said so through all of the abuse and all that, it made me a better person and made me like a man myself, a better man. i just want to see you. i forgive you.

AY1 S-EH1-D S-OW1 TH-R-UW1 AO1 L-AH1-V DH-AH0 AH0 B-Y-UW1 S-AH0-N D-AO1-L DH-AE1 T-IH1 T-M-EY1 D-M-IY1 AH0 B-EH1 T-ER0 P-ER1 S-AH0 N-AH0-N D-M-EY1 D-M-IY1 L-AY1 K-AH0 M-AE1-N M-AY2 S-EH1-L F-AH0 B-EH1 T-ER0 M-AE1 N-AY1 JH-AH1-S T-W-AA1-N-T T-UW1 S-IY1 Y-UW1 AY1 F-ER0 G-IH1 V-Y-UW1


it really will give you some kind of affirmation.

IH1 T-R-IH1 L-IY0 W-IH1-L G-IH1 V-Y-UW1 S-AH1-M K-AY1-N D-AH1 V-AE2 F-ER0 M-EY1 SH-AH0-N


very [inaudible 00:07:07], very profitable. [inaudible 00:07:09] doing very well.

V-EH1 R-IY0 IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N-D S-EH1 V-AH0-N S-EH1 K-AH0-N-D-Z V-EH1 R-IY0 P-R-AA1 F-AH0 T-AH0 B-AH0 L-IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N D-N-AY1-N S-EH1 K-AH0-N-D-Z D-UW1 IH0-NG V-EH1 R-IY0 W-EH1-L


now you mentioned faith and all of that.

N-AW1 Y-UW1 M-EH1-N SH-AH0-N-D F-EY1 TH-AH0-N D-AO1 L-AH1-V DH-AE1-T


and also get some type of opportunity to share my story about from poverty to-

AH0-N D-AO1-L S-OW0 G-EH1-T S-AH1-M T-AY1 P-AH1 V-AA2 P-ER0 T-UW1 N-AH0 T-IY0 T-UW1 SH-EH1-R M-AY1-S T-AO1 R-IY0 AH0 B-AW1-T F-R-AH1-M P-AA1 V-ER0 T-IY0 T-UW1


so that's what i'm going to do now. i'm going to-

S-OW1 TH-AE1-T S-W-AH1 T-IH1-M G-OW1 IH0-NG T-UW1 D-UW1 N-AW1 IH1-M G-OW1 IH0-NG T-UW1


... look up and live. and what i mean by look up and live is when you look up to god, when you look-

L-UH1 K-AH1 P-AH0-N D-L-AY1 V-AH0-N D-W-AH1 T-AY1 M-IY1-N B-AY1 L-UH1 K-AH1 P-AH0-N D-L-AY1 V-IH1 Z-W-EH1 N-Y-UW1 L-UH1 K-AH1-P T-UW1 G-AA1 D-W-EH1 N-Y-UW1 L-UH1-K


so what i want to do now is just-

S-OW1 W-AH1 T-AY1 W-AA1-N-T T-UW1 D-UW1 N-AW1 IH1-Z JH-AH1-S-T


they always tell me i go too fast, i should relax.

DH-EY1 AO1 L-W-EY2-Z T-EH1-L M-IY1 AY1 G-OW1 T-UW1 F-AE1-S T-AY1 SH-UH1 D-R-IH0 L-AE1-K-S


you don't have to be in school to teach. as long as you're alive, you should always be learning.

Y-UW1 D-AA1-N-T HH-AE1-V T-UW1 B-IY1 IH0-N-S K-UW1-L T-UW1 T-IY1 CH-AE1 Z-L-AO1 NG-AE1 Z-Y-UH1 R-AH0 L-AY1 V-Y-UW1 SH-UH1 D-AO1 L-W-EY2-Z B-IY1 L-ER1 N-IH0-NG


[crosstalk 00:07:53].

K-R-AO1-S T-AO1-K Z-IH1 R-OW0 AW1 ER0-Z S-EH1 V-AH0-N M-IH1 N-AH0-T S-AH0-N-D F-IH1-F T-IY0 TH-R-IY1 S-EH1 K-AH0-N-D-Z


so we just helped tyler record some covers for... what is it?

S-OW1 W-IY1 JH-AH1-S-T HH-EH1-L-P-T T-AY1 L-ER0 R-EH1 K-ER0-D S-AH1-M K-AH1 V-ER0-Z F-AO1 R-W-AH1 T-IH1 Z-IH1-T


oh boy, that's a heck of a question.

OW1 B-OY1 TH-AE1-T S-AH0 HH-EH1 K-AH1 V-AH0 K-W-EH1-S CH-AH0-N


that is awesome. the last show i went to was kaylani, and y'all probably have no idea who that is.

DH-AE1 T-IH1 Z-AA1 S-AH0-M DH-AH0 L-AE1-S-T SH-OW1 AY1 W-EH1-N-T T-UW1 W-AA1-Z K-AA0 L-AA1 N-IY0 AH0-N D-Y-AO1-L P-R-AA1 B-AH0 B-L-IY0 HH-AE1 V-N-OW1 AY0 D-IY1 AH0 HH-UW1 DH-AE1 T-IH1-Z


a ukulele like a year ago, and then i immediately-

AH0 Y-UW2 K-AH0 L-EY1 L-IY0 L-AY1 K-AH0 Y-IH1 R-AH0 G-OW1 AH0-N-D DH-EH1 N-AY1 IH0 M-IY1 D-IY0 AH0 T-L-IY0


that's another day.be confident.yeah. speak with confidence.

TH-AE1-T S-AH0 N-AH1 DH-ER0 D-EY1-B K-AA2-N F-AH0 D-EH1-N SH-AH0-N-S P-IY1 K-W-IH1-DH K-AA1-N F-AH0 D-AH0-N-S


at first, i want to start off by reading a quote. you can't-

AE1-T F-ER1-S T-AY1 W-AA1-N-T T-UW1-S T-AA1-R T-AO1-F B-AY1 R-EH1 D-IH0 NG-AH0 K-W-OW1 T-Y-UW1 K-AE1-N-T


if you're not savvy, this business will eat you-

IH1 F-Y-UH1-R N-AA1-T S-AE1 V-IY0 DH-IH1-S B-IH1 Z-N-AH0 S-W-IH1 L-IY1 T-Y-UW1


but then once she got signed to young money and she really started to get some traction, she went into this cocoon.

B-AH1-T DH-EH1 N-W-AH1-N-S SH-IY1 G-AA1-T S-AY1-N-D T-UW1 Y-AH1-NG M-AH1 N-IY0 AH0-N-D SH-IY1 R-IH1 L-IY0-S T-AA1-R T-AH0-D T-UW1 G-EH1-T S-AH1-M T-R-AE1-K SH-AH0-N SH-IY1 W-EH1-N T-IH0-N T-UW1 DH-IH1-S K-AH0 K-UW1-N


... and rebrand as this ultimate pop princess hero. anime barbie in bright colors was a huge part of that inspiration. and this was-

AH0-N D-R-IY0 B-R-AE1-N D-AE1-Z DH-IH1 S-AH1-L T-AH0 M-AH0-T P-AA1-P P-R-IH1-N S-EH0-S HH-IH1 R-OW0 AE1 N-IH0-M B-AA1-R B-IY0 IH0-N B-R-AY1-T K-AH1 L-ER0 Z-W-AA1 Z-AH0 HH-Y-UW1-JH P-AA1-R T-AH1-V DH-AE1 T-IH2-N-S P-ER0 EY1 SH-AH0 N-AH0-N-D DH-IH1 S-W-AA1-Z


... that character. think about a song like starships. it's the least straight song that she's probably ever done.

DH-AE1-T K-EH1 R-IH0-K T-ER0 TH-IH1-NG K-AH0 B-AW1 T-AH0 S-AO1 NG-L-AY1-K-S T-AA1-R SH-IH2-P S-IH1-T-S DH-AH0 L-IY1-S-T-S T-R-EY1-T S-AO1-NG DH-AE1-T SH-EH1-S P-R-AA1 B-AH0 B-L-IY0 EH1 V-ER0 D-AH1-N


she lost their main hip hop-

SH-IY1 L-AO1-S-T DH-EH1-R M-EY1-N HH-IH1-P HH-AA1-P


brand association/partnerships. signing to young money was great for her.

B-R-AE1-N D-AH0 S-OW1 SH-AH0-N P-AO2-R-T S-IH0-NG S-AY1 N-IH0-NG T-UW1 Y-AH1-NG M-AH1 N-IY0 W-AA1-Z G-R-EY1-T F-AO1-R HH-ER0


but at the same time, you're getting into [inaudible 00:09:20] situation where i basically always think back to one of my favorite quotes of his is first-

B-AH1 T-AE1-T DH-AH0 S-EY1-M T-AY1 M-Y-UW1 AA1-R G-EH1 T-IH0 NG-IH0-N T-UW1 IH0 N-AO1 D-AH0 B-AH0-L Z-IH1 R-OW0 AW1 ER0 Z-N-AY1-N M-IH1 N-AH0-T S-AH0-N-D T-W-EH1-N T-IY0 S-EH1 K-AH0-N-D-Z S-IH2 CH-UW0 EY1 SH-AH0 N-W-EH1 R-AY1 B-EY1 S-IH0 K-L-IY0 AO1 L-W-EY2-Z TH-IH1-NG-K B-AE1-K T-UW1 W-AH1 N-AH1 V-M-AY1 F-EY1 V-ER0 IH0-T K-W-OW1-T S-AH1-V HH-IH1 Z-IH1-Z F-ER1-S-T


her get more and more attention, help to get out there, help more people find-

HH-ER0 G-EH1 T-M-AO1 R-AH0-N D-M-AO1 R-AH0 T-EH1-N SH-AH0-N HH-EH1-L-P T-UW1 G-EH1 T-AW1-T DH-EH1-R HH-EH1-L P-M-AO1-R P-IY1 P-AH0-L F-AY1-N-D


... thing? a strong core fan base. by branding her followers the barbs, it was already perfect because she was walking around looking like a real life barbie.

TH-IH1 NG-AH0-S T-R-AO1-NG K-AO1-R F-AE1-N B-EY1-S B-AY1 B-R-AE1-N D-IH0-NG HH-ER0 F-AA1 L-OW0 ER0-Z DH-AH0 B-AA1-R-B Z-IH1 T-W-AA1 Z-AO0-L R-EH1 D-IY0 P-ER1 F-IH2-K-T B-IH0 K-AO1-Z SH-IY1 W-AA1 Z-W-AO1 K-IH0 NG-ER0 AW1-N D-L-UH1 K-IH0 NG-L-AY1 K-AH0 R-IY1-L L-AY1-F B-AA1-R B-IY0


it allowed her fans to not only just watch the world she created.

IH1 T-AH0 L-AW1-D HH-ER0 F-AE1-N-Z T-UW1 N-AA1 T-OW1 N-L-IY0 JH-AH1-S T-W-AA1-CH DH-AH0 W-ER1-L-D SH-IY1 K-R-IY0 EY1 T-AH0-D