Skip to main content

David Zell

May 1, 2026

5:58
Okay, so right now, if you want to self-custody on Lightning, you gotta get a Lightning channel from the LSP, which is 6,000 or 7,000 SATs, or you gotta at least spend the on-chain fees to open up a channel, right?
6:08
right?And, uh, you know, 6,000 or 7,000 sats might not be so much for all the whales in the room right now, but for the average person, do you really wanna spend, like, $4 or $5 to try a new app out? So this is, like, a really awesome way to get rid of that cost, get a newcomer onto Bitcoin, have that aha moment with Lightning, see it settle a payment in an instant, and then you educate them as you go.
6:35
It's the Bitcoin Sherpa in a wallet.
6:36
It's the wallet that grows with you.
8:43
... 'cause he's got better posture chairs
8:44
... yeah, and trying to take over the conversation.
8:48
David Zeller was 14 years old when he came to me and said, "I'm gonna devote my life to keeping Bitcoiners out of the gulags." That is their number one KPI.
8:59
That is the only thing Bitcoin Policy Institute cares about, and they've been doing a pretty damn good job.
18:15
[coughs]
18:15
... is really important for the future of the country, for competition with China, you know, you name it.
18:21
Uh, and, you know, to convince those people, you have to make-You know, sort of good arguments that are sound and true, uh, those arguments need to come from credible people, um, who are kind of embedded in the sort of circles of networks of trust, um, you know, that they, that they talk to.
18:43
Um, and I think BPI is sort of an N of one team with that kind of particular thesis.
18:49
Like, we are the only organization that has, I think, both the capability and the intent to persuade that constituency that significantly adopting Bitcoin in America, um, is good for the national security interests of the country.
19:04
Um, and so...
19:06
And I think if we do that, the, the results...

9 MINS LATER

28:20
[laughs] Literally the point.

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.