WEBVTT - IS BITCOIN THE ANSWER? 0:00:20.300 --> 0:00:34.920 The Stones Cry Out Sodom and Gomorrah In the latter 0:00:34.960 --> 0:00:38.379 days of Abraham's life, according to the Bible, fire and 0:00:38.479 --> 0:00:42.460 brimstone rained down on the cities of Sodom and Gomorrah, 0:00:42.920 --> 0:00:47.510 destroying them completely. From a vantage point in Hebron, a 0:00:47.590 --> 0:00:53.160 long distance away, Abraham saw the smoke rising from the conflagration. 0:00:53.600 --> 0:00:56.890 The destruction of Sodom and Gomorrah in Genesis 19 is 0:00:56.970 --> 0:01:00.470 one of the most memorable accounts in the Bible, representing 0:01:00.530 --> 0:01:05.910 divine wrath and punishment for persistent human sin and wickedness. Thus, 0:01:06.290 --> 0:01:09.089 Sodom and Gomorrah are sometimes called the sin cities of 0:01:09.140 --> 0:01:11.880 the Bible. While skeptics over at least a couple of 0:01:11.940 --> 0:01:16.120 centuries have insisted that Sodom and Gomorrah are legendary, and 0:01:16.140 --> 0:01:19.600 that the Bible is merely giving us a morality tale, 0:01:19.980 --> 0:01:23.300 the scriptures portray the destruction of the two cities as 0:01:23.360 --> 0:01:28.690 an historical rather than an allegorical event. But if Sodom 0:01:28.709 --> 0:01:33.450 and Gomorrah were incinerated in a fiery conflagration nearly 4,000 0:01:33.450 --> 0:01:37.990 years ago, the evidence of that destruction might give biblical 0:01:38.069 --> 0:01:42.800 archaeologists the opportunity to locate those two ancient cities. So 0:01:43.180 --> 0:01:46.730 where are they? From various biblical references, it's quite clear 0:01:46.770 --> 0:01:50.190 that Sodom and Gomorrah are somewhere near the Dead Sea. 0:01:50.690 --> 0:01:54.500 Since the 1920s, the traditional view of biblical archaeologists is 0:01:54.750 --> 0:01:57.880 that the two cities were quite likely located near the 0:01:58.040 --> 0:02:02.860 southeastern coast of the Dead Sea. In subsequent decades, archaeologists 0:02:02.980 --> 0:02:07.760 excavated two promising sites in the region, Babadra, which they 0:02:07.820 --> 0:02:12.630 identified with Sodom, and Numera, which they identified with Gomorrah. 0:02:12.710 --> 0:02:16.769 Notice that Numera even sounds somewhat like Gomorrah, and this 0:02:16.830 --> 0:02:20.709 is significant because many ancient cities changed their names over 0:02:20.750 --> 0:02:24.380 the centuries, but in a manner that preserved the echoes 0:02:24.460 --> 0:02:29.180 of their original We recognize the name Sodom and Gomorrah instantly, 0:02:29.280 --> 0:02:33.570 but the Bible actually speaks of five cities of the plain. 0:02:33.610 --> 0:02:38.230 The other three are Adma, Zeboim, and Zoar. Four of 0:02:38.270 --> 0:02:42.050 the five were, according to the Bible, wiped out. Zoar 0:02:42.150 --> 0:02:46.430 was spared. In fact, Abraham's nephew Lot, who lived in Sodom, 0:02:46.730 --> 0:02:50.290 survived by fleeing to Zoar, where he and his family 0:02:50.350 --> 0:02:55.220 lived in a nearby cave in the mountains. One of 0:02:55.260 --> 0:02:59.730 the great treasures of biblical archeology is called the Madaba map. 0:02:59.810 --> 0:03:02.290 It is a mosaic map that was found on the 0:03:02.430 --> 0:03:05.730 floor of a church in Madaba, Jordan. It has a 0:03:05.790 --> 0:03:09.389 detailed depiction of Israel, then called Palestine, its Roman name, 0:03:09.770 --> 0:03:12.900 in the 6th century AD. The Madaba map, which has 0:03:12.960 --> 0:03:18.220 enabled archaeologists to find many ancient locations subsequently lost to history, 0:03:18.540 --> 0:03:21.980 appears to place Zoar on the southeast shore of the 0:03:22.020 --> 0:03:26.389 Dead Sea in the vicinity of Babidra and Numera. Both 0:03:26.410 --> 0:03:31.150 Babadra and Numera were destroyed by fire. Archaeologists have found charcoal, 0:03:31.550 --> 0:03:35.380 broken and fallen bricks, large areas of ash at Babadra. 0:03:35.720 --> 0:03:39.080 The fire seems to have incinerated and collapsed the city walls. 0:03:39.480 --> 0:03:42.940 Stones and boulders from walled structures were scattered along the 0:03:42.980 --> 0:03:47.820 slopes of Babadra. Numera was also burned. Archaeologists found evidence 0:03:47.860 --> 0:03:50.740 of earthquakes that might have produced the fires or occurred 0:03:50.760 --> 0:03:56.100 in conjunction with the fires. Eventually, both sites were permanently abandoned. 0:03:58.370 --> 0:04:01.590 So far, the evidence seems compelling, but the problems are 0:04:01.650 --> 0:04:05.050 with the dates of these events. Radiocarbon dating puts the 0:04:05.090 --> 0:04:08.619 destruction of Babadra and Numera behind bars. centuries earlier than 0:04:08.760 --> 0:04:12.040 Abraham's time. Some results even say that Babadra and Numera 0:04:12.090 --> 0:04:15.210 were not destroyed at the same time, which would pose 0:04:15.270 --> 0:04:18.010 a serious problem if we are trying to corroborate the 0:04:18.070 --> 0:04:21.890 biblical account. The Bible is emphatic that these sin cities 0:04:21.930 --> 0:04:27.250 were destroyed simultaneously. archaeologist Stephen Collins has caused quite a 0:04:27.270 --> 0:04:31.610 stir in the scholarly community by advancing a rival location 0:04:31.670 --> 0:04:35.820 for biblical Sodom. He places Sodom at the northeastern end 0:04:35.880 --> 0:04:38.159 of the Dead Sea. In a way, his thesis is 0:04:38.240 --> 0:04:42.380 not original. Many biblical scholars through the centuries thought Sodom 0:04:42.680 --> 0:04:46.039 must be roughly where Collins said it was. But their 0:04:46.100 --> 0:04:49.229 views were entirely based on the biblical account. They lacked 0:04:49.630 --> 0:04:53.660 any archaeological support. That's where Collins came in. Now Collins 0:04:53.700 --> 0:04:59.000 was initially convinced that Sodom was Babadra and Gomorrah was Numera. 0:04:59.339 --> 0:05:03.020 But he also recognized the problem with those identifications. So 0:05:03.040 --> 0:05:07.020 in a classic illustration of how biblical archaeology works, he 0:05:07.110 --> 0:05:10.130 went back to the biblical text. There he found a 0:05:10.170 --> 0:05:14.530 problem even more serious than any radiocarbon dating mismatch. He 0:05:14.570 --> 0:05:18.810 found a mismatch between the two locations and the text itself. 0:05:19.270 --> 0:05:22.410 The Bible says in Genesis 13, 8 to 12, that 0:05:22.470 --> 0:05:25.830 when friction developed between Abraham and his nephew Lot, on 0:05:25.890 --> 0:05:29.289 account of their large herds grazing the same lands in 0:05:29.330 --> 0:05:32.650 the region of Bethel and Ai, Abraham proposed that he 0:05:32.690 --> 0:05:36.960 and Lot take their herds different ways. Lot, we read, quote, 0:05:37.380 --> 0:05:40.460 saw that the whole plain of the Jordan towards Zoar 0:05:40.520 --> 0:05:43.419 was well watered like the garden of the Lord, and 0:05:43.540 --> 0:05:47.000 so he went east in that direction, quote, as far 0:05:47.320 --> 0:05:51.620 as Sodom. Collins realized that from Abraham and Lot's vantage point, 0:05:52.170 --> 0:05:55.610 the only visible plane was at the northern end of 0:05:55.650 --> 0:05:58.190 the Dead Sea. That is the plane that is fertile, 0:05:58.550 --> 0:06:01.660 it's well watered, then as today, and if Lot went 0:06:01.779 --> 0:06:05.000 east in that direction, it must mean that Sodom was 0:06:05.100 --> 0:06:09.120 located at the northeastern end of the sea, not the 0:06:09.190 --> 0:06:13.849 southeastern coast as the traditional view held. Collins excavated at 0:06:13.890 --> 0:06:17.500 a site called Tal el-Haman, where he believes he has 0:06:17.570 --> 0:06:22.620 found biblical Sodom. In Tal el-Haman, Collins found thick layers 0:06:22.680 --> 0:06:27.760 of destruction, with collapsed walls, burned debris, even skeletal remains, 0:06:28.300 --> 0:06:32.650 all inside a three-foot-thick layer of ash. Quite clearly, this 0:06:32.790 --> 0:06:37.330 ancient city was thoroughly incinerated, and other adjacent cities around 0:06:37.370 --> 0:06:41.310 it have a similar archaeological profile, showing that they too 0:06:41.690 --> 0:06:45.589 endured a similar fate. Soon, however, Collins and his team 0:06:45.650 --> 0:06:49.729 encountered a serious problem. They found pottery in the ruins 0:06:49.770 --> 0:06:54.670 that was covered or glazed with a greenish glass-like surface. 0:06:54.810 --> 0:06:58.680 Collins was dismayed. As a pottery expert, he knew right 0:06:58.720 --> 0:07:03.660 away that glazing techniques did not exist in 2000 BC, 0:07:03.980 --> 0:07:07.490 and that glazed pottery largely begins with the Islamic period, 0:07:07.529 --> 0:07:12.130 which is around the 7th century AD. Collins considered that 0:07:12.170 --> 0:07:15.950 perhaps his thesis had been refuted. Just to be sure, 0:07:16.440 --> 0:07:20.620 Collins sent pottery fragments, or shards, to be tested at 0:07:20.660 --> 0:07:24.090 the U.S. Geological Survey Lab in New Mexico. He was 0:07:24.170 --> 0:07:28.070 astounded to hear from the geochemists there that what they 0:07:28.090 --> 0:07:32.770 were testing was not glazed pottery at all. Rather, it 0:07:32.810 --> 0:07:36.880 was a substance called trinitite. Trinitite is not the name 0:07:36.920 --> 0:07:40.040 for a glaze applied to pottery. Rather, it is the 0:07:40.100 --> 0:07:44.140 name for the pottery itself when it is subjected to 0:07:44.160 --> 0:07:47.920 extreme pressure. heat, the type of heat that occurs in 0:07:47.960 --> 0:07:53.030 a meteoric or nuclear explosion. Scientists in New Mexico first 0:07:53.090 --> 0:07:57.370 encountered trinitite in the aftermath of the nuclear tests in 0:07:57.390 --> 0:07:58.250 the desert. 0:07:57.910 --> 0:07:58.930 In the 1940s. 0:07:58.970 --> 0:08:02.360 Robert Oppenheimer, director of the Los Alamos lab, gave the 0:08:02.400 --> 0:08:07.630 first nuclear test the code name Trinity, and the heat 0:08:07.690 --> 0:08:11.510 from that blast was so intense that it melted the sand, 0:08:11.810 --> 0:08:17.390 turning it into green glass. Trinitite. Collins now realized that 0:08:17.450 --> 0:08:22.860 what happened over Tel el-Hammam was a meteor or asteroid explosion. 0:08:23.250 --> 0:08:26.520 The explosion was not the result of impact with the Earth, 0:08:26.840 --> 0:08:30.100 but had occurred in the sky within the Earth's atmosphere, 0:08:30.260 --> 0:08:33.420 generating heat that is estimated to be the equivalent of 0:08:33.650 --> 0:08:37.850 of a thousand Hiroshima bombs. That is what wiped out 0:08:37.890 --> 0:08:41.370 a thriving city. That is what created the Trinitite. Notice 0:08:41.390 --> 0:08:45.740 how closely this scenario matches the biblical account of fire 0:08:45.840 --> 0:08:49.880 and brimstone raining on Sodom and Gomorrah. I would like 0:08:49.900 --> 0:08:52.700 to leave it there, but as with so many persuasive theories, 0:08:52.940 --> 0:08:55.330 there is a hitch. Once again, it has to do 0:08:55.400 --> 0:08:59.229 with the date. Radiocarbon testing by Collins and others dates 0:08:59.270 --> 0:09:02.429 the destruction of this ancient city and its surroundings to 0:09:02.429 --> 0:09:07.440 1750 to 1650 BC. This is obviously a mismatch if 0:09:07.559 --> 0:09:11.579 Abraham lived in 2000 BC. But hey, do we know 0:09:11.620 --> 0:09:13.739 for sure that Abraham lived in 2000 BC? Actually, no. 0:09:15.250 --> 0:09:18.650 We do not. Biblical chronologies are open to dispute, even 0:09:18.710 --> 0:09:22.610 among scholars who completely accept the reliability of the Bible. 0:09:22.630 --> 0:09:26.760 Colin thinks that maybe Abraham and the patriarchs lived later 0:09:27.260 --> 0:09:30.859 than previously thought, but he acknowledges the mismatch of dates 0:09:31.240 --> 0:09:34.880 between the destruction debris at Tel al-Haman and the generally 0:09:34.940 --> 0:09:39.390 accepted dates for the biblical destruction of Sodom and Gomorrah. 0:09:39.690 --> 0:09:43.060 What we learn from this dispute over alternative chronologies Locations 0:09:43.100 --> 0:09:46.160 for Sodom and Gomorrah is that biblical archaeology is not 0:09:46.280 --> 0:09:51.470 always an exact science. Facts are objective, interpretations less so. 0:09:51.890 --> 0:09:56.270 Sometimes things can be known tentatively, not definitively. Science as 0:09:56.330 --> 0:10:00.880 we know it gives us probability rather than certain. 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It's Dante Cook 0:15:43.390 --> 0:15:49.250 and his show. He does a podcast called Bitcoin Simply. 0:15:49.450 --> 0:15:51.990 And Debbie and I actually watch his show regularly. We 0:15:52.010 --> 0:15:55.280 really like it. And I like the title, Bitcoin Simply, 0:15:55.360 --> 0:15:58.320 because it is a way for those of you who 0:15:58.520 --> 0:16:00.940 don't know a whole lot about Bitcoin or have questions 0:16:01.000 --> 0:16:06.080 about Bitcoin and wonder what this particular type of money is. 0:16:06.800 --> 0:16:10.660 is doing? What problem is it here to solve? That's 0:16:10.700 --> 0:16:14.770 why we got Dante to help clarify things. Dante, welcome. 0:16:14.790 --> 0:16:18.370 Thank you for coming on. As I mentioned, Debbie and 0:16:18.390 --> 0:16:21.990 I catch your show not all the time, but pretty regularly. 0:16:23.220 --> 0:16:27.180 And we've been down this Bitcoin alley, I would say, 0:16:27.280 --> 0:16:30.500 for now almost a couple of years now. I'm guessing 0:16:30.540 --> 0:16:35.470 that your Bitcoin story dates much further back, but maybe 0:16:35.490 --> 0:16:38.330 I could start by just asking you to say a 0:16:38.370 --> 0:16:41.790 little bit about who you are and how you got 0:16:42.050 --> 0:16:43.410 into Bitcoin. 0:16:45.010 --> 0:16:48.230 Yeah, thanks, Dinesh. You know, a couple of things like 0:16:49.240 --> 0:16:52.040 as watching your show, I've seen you online. I've seen 0:16:52.080 --> 0:16:54.320 you on YouTube. I never thought that you and your 0:16:54.340 --> 0:16:57.390 wife watched my show. Um, so it's actually pretty cool. 0:16:57.550 --> 0:17:00.620 I love your work on Christian apologetics and, and I 0:17:00.640 --> 0:17:02.540 love the title of your new book when the stones 0:17:02.600 --> 0:17:04.980 cry out, you know, even if we don't, you know, worship, 0:17:05.020 --> 0:17:06.679 you know, the stones will cry out. I love, I 0:17:06.720 --> 0:17:09.800 love the, the, the analogy and the, the illusion that 0:17:09.820 --> 0:17:14.449 you're playing there and what it means and what it represents. And, um, yeah, as, 0:17:14.670 --> 0:17:16.530 as you mentioned, uh, the name of my show is 0:17:16.570 --> 0:17:20.250 called Bitcoin simply, um, my day to day, I'm a 0:17:20.369 --> 0:17:24.369 dad of four, uh, children, uh, And so oftentimes when 0:17:24.390 --> 0:17:27.250 you hear my videos, you'll hear like kids in the background. 0:17:27.950 --> 0:17:31.109 I try to break things down in simple concepts. I 0:17:31.130 --> 0:17:33.410 went to the College of William & Mary, the second 0:17:33.450 --> 0:17:37.070 oldest university. I was the dumbest guy there. And there, 0:17:37.270 --> 0:17:39.470 you know, if you see three letters after my name, 0:17:39.950 --> 0:17:41.970 you know, some people might think I got an MBA. 0:17:42.050 --> 0:17:45.670 I didn't. I was an all-conference, you know, preseason All-American 0:17:45.690 --> 0:17:48.679 football player. So I got CTE, you know, so I 0:17:48.700 --> 0:17:52.160 got another three-letter acronym. So You know, for me, trying 0:17:52.200 --> 0:17:54.479 to understand things, I think William & Mary made me 0:17:54.520 --> 0:17:57.760 a very curious person. And so I learned how to learn. 0:17:58.300 --> 0:18:00.900 And so that really got me on my journey into finance, 0:18:00.980 --> 0:18:04.879 into wanting to understand investments and those sorts of things. 0:18:04.940 --> 0:18:08.850 I got three majors when I was there, finance, marketing, 0:18:08.880 --> 0:18:12.070 and process management and consulting. And when I graduated, I 0:18:12.290 --> 0:18:16.790 was really heavy into the value investors industry. So these 0:18:16.830 --> 0:18:19.100 are the Peter Lynch's of the world. These are the 0:18:19.130 --> 0:18:23.320 Warren Buffett's of the world and the Joel Greenblatt's. And 0:18:23.400 --> 0:18:26.640 I was looking for ways to, you know, generate returns 0:18:26.700 --> 0:18:29.980 for like myself as a, you know, recent college graduate, 0:18:30.300 --> 0:18:34.900 someone who understood the time value of money compounding. So 0:18:34.920 --> 0:18:37.639 starting early and wanting to grow your investments over time. 0:18:37.660 --> 0:18:42.290 And during that time I was in an investment competition 0:18:42.330 --> 0:18:47.460 in the office and And this is around 2016 to 2017. 0:18:47.460 --> 0:18:50.459 And I remember this one guy just started crushing us 0:18:50.920 --> 0:18:52.860 and I didn't know why. And that was the time 0:18:52.880 --> 0:18:55.820 when Bitcoin had run from three thousand to twenty thousand. 0:18:56.420 --> 0:18:59.740 And that, you know, if you're not that smart, I'm 0:18:59.780 --> 0:19:02.240 not that smart. One of the ways you can keep 0:19:02.280 --> 0:19:04.290 track of somebody's in front of you is to just 0:19:04.740 --> 0:19:07.030 copy what they do. So they may have a little edge, 0:19:07.090 --> 0:19:08.930 but then you could just catch up with whatever edge 0:19:08.990 --> 0:19:11.070 that they have. And so that's really what got me 0:19:11.109 --> 0:19:13.350 into Bitcoin was really trying to beat somebody in an 0:19:13.450 --> 0:19:16.869 office investment class. And then as I started to learn more, 0:19:16.930 --> 0:19:19.580 it fell down from 20K back down to 3K, which 0:19:19.619 --> 0:19:22.859 was brutal for so many people. But that's when I 0:19:22.880 --> 0:19:25.740 started to invest pretty heavily into Bitcoin. That's when I 0:19:25.760 --> 0:19:28.640 started to learn. I listened to Andreas Antonopoulos and all 0:19:28.660 --> 0:19:31.790 of these guys who made it sound relatable for me, 0:19:32.180 --> 0:19:35.330 super simple for me in a way that I could understand. 0:19:36.050 --> 0:19:38.469 And as I had just gone through my journey I've 0:19:38.510 --> 0:19:41.439 just learned more and more and more about Bitcoin and 0:19:41.500 --> 0:19:44.879 my goal and my approach and everything. I'm a football coach. 0:19:44.960 --> 0:19:47.580 Coaches have made a huge impact on my life. Teachers 0:19:47.619 --> 0:19:49.260 have made a huge impact on my life. Like my 0:19:49.320 --> 0:19:52.520 lifelong passion is to really teach. And so that's what 0:19:52.560 --> 0:19:54.600 my goal is with the show is just to break 0:19:54.680 --> 0:19:57.100 Bitcoin down in a simple way that the average person 0:19:57.140 --> 0:19:59.880 could understand. And yeah, it's a little bit about me 0:19:59.920 --> 0:20:01.680 and my journey into Bitcoin and my show. 0:20:03.220 --> 0:20:05.830 Now, one thing that people who have, even if they've 0:20:05.850 --> 0:20:09.890 kept track of Bitcoin, they know that this is something 0:20:09.950 --> 0:20:15.270 that started around 2010, 2020. when it was worth like 0:20:15.310 --> 0:20:19.250 a dollar or even less. And it has just gone 0:20:19.550 --> 0:20:21.330 up and up and up. But it's gone up and 0:20:21.430 --> 0:20:24.870 up and up with also some big downswings. And of course, 0:20:24.910 --> 0:20:27.890 you mentioned one of them. So one of the things 0:20:27.910 --> 0:20:32.280 that people talk about is the enormous volatility of Bitcoin, 0:20:32.320 --> 0:20:35.940 at least over the past 15 years or so. A 0:20:36.020 --> 0:20:39.550 steep climb from one to whatever it is now, 85,000, 86,000, 0:20:39.540 --> 0:20:44.840 maybe a little bit less. And at the same time, 0:20:45.500 --> 0:20:47.340 it's almost like you have to sort of hold on 0:20:47.380 --> 0:20:49.920 to your jacket because you could be in one of 0:20:49.960 --> 0:20:55.820 those elevators that's dropping when the cords are broken. Before 0:20:55.859 --> 0:20:58.199 we go into Bitcoin, I almost feel like we need 0:20:58.240 --> 0:21:00.820 to pull back a little bit, at least from the 0:21:00.859 --> 0:21:06.220 way I think about this, because Bitcoin was invented. by 0:21:06.240 --> 0:21:10.869 this mysterious character named Satoshi. No one really knows who 0:21:10.890 --> 0:21:12.990 he is. No one even knows if he's one guy 0:21:13.090 --> 0:21:16.490 or if he's a committee. He's a sort of a ghost. 0:21:17.450 --> 0:21:22.149 But he obviously was a real person or persons. And 0:21:22.170 --> 0:21:27.939 he developed Bitcoin as a kind of digital money or 0:21:28.000 --> 0:21:31.460 digital gold. And he did this right after the 2008 crash. 0:21:31.480 --> 0:21:38.740 And What if someone were to ask you, you know, Dante, 0:21:38.780 --> 0:21:42.159 like what is the what is the problem in our 0:21:42.280 --> 0:21:46.899 government or in our society that makes it necessary to 0:21:47.010 --> 0:21:50.490 have some kind of new type of money? What's wrong 0:21:50.510 --> 0:21:53.270 with the existing types? What's wrong with the good old U.S. 0:21:53.310 --> 0:21:58.409 Dollar? Yeah, I mean, so let me I'll try to 0:21:58.450 --> 0:22:00.070 like frame this in a couple of different things. So 0:22:00.190 --> 0:22:03.440 I even take like a step back, Dinesh, even beyond that. 0:22:03.950 --> 0:22:05.649 Just to break it down for your audience, who I 0:22:05.710 --> 0:22:08.710 know are tied into Christian topics and other things as well. 0:22:09.090 --> 0:22:11.570 So one of the foundations of the Christian faith and 0:22:11.590 --> 0:22:15.270 belief is that something cannot come from nothing, right? Ex 0:22:15.310 --> 0:22:18.020 nihilo is kind of what they talk about. But we 0:22:18.060 --> 0:22:21.320 can deduce that these things that we live, that we 0:22:21.460 --> 0:22:25.399 see are in fact real, even though we don't know 0:22:25.840 --> 0:22:28.080 maybe the originator of where they come from. But at 0:22:28.140 --> 0:22:30.810 some level, we can deduce that something is real. And 0:22:30.850 --> 0:22:32.570 in the same way, a lot of people say like, well, 0:22:32.590 --> 0:22:35.810 Bitcoin is not this real thing. Bitcoin is not something 0:22:35.830 --> 0:22:38.540 that you can physically see, taste or touch. But yet 0:22:38.600 --> 0:22:41.740 there's still a truth around things that we can't see, 0:22:41.800 --> 0:22:42.520 taste or touch. 0:22:43.040 --> 0:22:43.200 Right. 0:22:43.260 --> 0:22:46.420 We all at some fundamental level, even as a baby, 0:22:46.820 --> 0:22:50.110 we understand that gravity is real. That's a truth that 0:22:50.220 --> 0:22:53.570 somehow it's embedded into our hearts, into who we are 0:22:53.590 --> 0:22:56.149 as people, that if I jump off of this 10 0:22:56.150 --> 0:22:59.109 story building, something's going to happen at the bottom. I 0:22:59.150 --> 0:23:01.369 don't have to know gravity. I don't have to understand 0:23:01.390 --> 0:23:05.090 that it works. But I do understand and live by 0:23:05.130 --> 0:23:07.430 the principles that this thing is real. And so that's 0:23:07.490 --> 0:23:09.450 one of the things that I always say about Bitcoin 0:23:09.470 --> 0:23:11.980 and about everything else. I mean, there's got to be 0:23:12.000 --> 0:23:16.020 a level of faith or belief or understanding that things 0:23:16.100 --> 0:23:19.439 can be true and things can exist, even if you 0:23:19.480 --> 0:23:21.419 don't fully understand them. So, right, you got to come 0:23:21.460 --> 0:23:23.310 in with an open mind and be curious and then 0:23:23.430 --> 0:23:25.930 even question all of the other things that you kind 0:23:25.950 --> 0:23:28.180 of believed. But as we go from there, I think 0:23:28.220 --> 0:23:30.429 we can deduce that there was a guy, a person 0:23:30.490 --> 0:23:35.610 or persons named Satoshi Nakamoto that created this platform called Bitcoin. 0:23:36.130 --> 0:23:38.630 The most interesting thing about Bitcoin is that people think 0:23:38.650 --> 0:23:42.430 that it was invented at first in 2008. But really, 0:23:42.550 --> 0:23:47.389 Bitcoin is coming from 30 to 40 years of technological 0:23:47.470 --> 0:23:50.690 innovations that have happened on the Internet. And one of 0:23:50.710 --> 0:23:53.590 the biggest things that Bitcoin is built on top of. 0:23:53.630 --> 0:23:56.760 So when people hear crypto, they wonder what that comes from. 0:23:57.550 --> 0:24:01.540 It actually comes from the word cryptography. And what is that? 0:24:02.280 --> 0:24:05.320 What does that mean? Let me break cryptography down to 0:24:05.359 --> 0:24:07.780 you in simple terms, a way that you can understand. 0:24:08.500 --> 0:24:13.670 So cryptography is like a P.O. box where anyone can 0:24:13.730 --> 0:24:17.050 find the address of a P.O. box publicly and I 0:24:17.090 --> 0:24:20.570 can send anything to that P.O. box. But only the 0:24:20.630 --> 0:24:24.390 person with the key to that P.O. box can open 0:24:24.430 --> 0:24:27.430 the P.O. box and receive the contents in that P.O. box. 0:24:28.190 --> 0:24:32.200 The same thing is true with cryptography. There is a 0:24:32.320 --> 0:24:35.580 public address that everyone in the world can find and 0:24:35.720 --> 0:24:37.820 everyone in the world can see and send things to. 0:24:38.440 --> 0:24:42.460 But only the person with the private key can actually say, 0:24:42.680 --> 0:24:44.820 I am the owner of the contents of all of 0:24:44.859 --> 0:24:46.659 the things that have been sent to this public address. 0:24:47.430 --> 0:24:51.530 And that's essentially the foundational technology that everything that we 0:24:51.670 --> 0:24:55.570 use is built on top of. Think about your email address, right? 0:24:55.590 --> 0:24:58.690 There's a to and a from address. That's a public key. 0:24:59.400 --> 0:25:02.939 That is a public key. That is Dinesh at whatever 0:25:02.960 --> 0:25:06.639 your website is, dot com. That's a public address that 0:25:06.680 --> 0:25:09.540 I can send things to. But only I can actually 0:25:09.560 --> 0:25:11.699 prove that I'm Dinesh to send email there. And so 0:25:11.740 --> 0:25:14.180 Bitcoin is just a protocol. It's a way for people 0:25:14.240 --> 0:25:18.540 to send and receive money. that has a public address 0:25:18.780 --> 0:25:21.560 that everyone can see, but a private address that says 0:25:21.800 --> 0:25:24.859 you own the contents of that. And that's one of 0:25:24.900 --> 0:25:28.500 the foundational technologies that it's all built upon. The most 0:25:28.740 --> 0:25:32.550 interesting part about Bitcoin is that actually everyone thinks it's 0:25:32.570 --> 0:25:35.050 just this way for people to get rich quick and 0:25:35.070 --> 0:25:37.870