Early adopter

Um, and, uh, I've been building like applications in, in a government, uh, department, which no one there seems to know how to do, like in terms of vibe coding it.

And part of me feels like really excited that I'm sort of fairly near the front of the froth, because I'm kind of an early adopter basically.

Yeah.

And then there's another part of me that can kind of see that, yeah, I'm an early adopter, but like I'm not AI.

Like, I just figured out how to use it.

But what I've done is not that magical, and there are plenty-

... what I can see happening is that, you know, there's a, there's a th- a third and a fourth and a fifth wave behind me, and suddenly everyone's gonna catch up and AI is gonna get-

Mm

They're more beholden to the opinions of entities like that than they are people like you or I just discussing it as individuals.

Yeah, and just on the distribution as well, I wanted to kind of circle back because there was a study that showed that that early concentration is not going to stay there forever because early adopters of Bitcoin are under pressure to sell.

Like eventually they do sell and we've certainly seen that in the last cycle, hence why the price might not have gone anywhere.

Yeah.

Yes.

I mean, that's the thing.

There's been a tremendous turnover of of early coins because the thing is, is that, well, just because some early adopters sell some Bitcoin doesn't mean that they've lost faith in the long term value proposition of Bitcoin.

They've just decided that, hey, look, I can afford to take some Bitcoin off the table, buy those things that I've always wanted to buy that I couldn't afford to before, pay off the house, pay off debt, you know, live a better lifestyle.

The program has evolved through phases.

We had the Lighthouse, the Partner Council, the Early Adopter, and now Phase 3 is tackling also ECC customers with larger and more complex legacy systems, right? So how has the methodology had to evolve to handle that complexity? And how do you strike this balance between a standardized global approach and the unique local needs of the different partners?

Let me start one by one.

I mean, you're absolutely right.