more nuanced than I had initially

thought.

Yeah, I think I would say that traditional hosts are not mining as a service providers, because you need to have a software platform to do mining as a service.

I would make that distinction.

Traditional hosts will disagree with me, but that's a flag I'm going to plant and die on that hill.

The rest of the answer, though, is transparency to build trust.

As you said, the alignment of incentives is part of that.

That's why I left 15 minutes for it.

And that was going to be like the secondary conversation, but jump in, let's get to it.

Yeah.

So, so from where I sit, right.

Yeah.

Coinbase is the biggest honeypot just straight up in the industry for hackers to go at.

Now, you better believe that they've done a lot of security.

And we're in the age of AI right now where there is just super advanced capabilities to break down companies' defenses.

But it's just interesting to, like, I really am interested in the psychological aspect of a lot of things going on right now.

[laughs]

Um, nobody's willing to talk about Bitcoin because they're scared of it.

They...

It's just too emotionally charged, and as a result, I cannot imagine that 400 million people...

I g- my honest, like, instinct on it is less than a million people have adopted Bitcoin at this point.

So that's all to say that there's a lot more upside than, uh, the, the, the 5% adoption rate that you are saying there.

Um, there's a whole lot more people that could c- pile in and, and push the price higher.

I think you're muted, bro.

Mm-hmm

... uh, Bitcoin comes down.

So what you want to do to get the best production cost for your Bitcoin is you want to get in on...

Very, very simple.

You want the lowest cost power you can get and the lowest priced electricity you get.

If you get those two things and you're plugged in and you're running as close to 24/7 as possible, sit back and chill.

Like, the SATs are just gonna stream into your wallet.

Mm-hmm.

Sawyer? Was Tom Sawyer a guy who saw logs?

There you go.

Well, I mean, he had the name and I'm sure the name came, like Smith was short for blacksmith and that sort of thing.

But yeah, so I grew up on a cranberry farm and I think that gave me a low time preference look at the world.

I didn't realize it at the time.

It's just what I knew growing up.

And then I kind of got hooked by the surfing bug.

What's your view on mining in general and your role as a miner?

Like, what exactly happened?

Yeah, it's in the in the rearview mirror at this point.

But yeah, I went public with it because it was definitely something I felt a lot of shame, guilt about.

But I wanted other people to know because I wasn't aware that that type of attack could exist.

Right.

So somebody poses a client, set themselves up for a big deal.

Yeah.

Like, can you imagine generations of human life?

And how does mining become interesting to you? Oh,

it took a while.

It took through the shitcoin phase.

I had to keep reading lots of books.

And the more I read, the more I just kept coming back to Bitcoin.

So from like 2016 until...

I think it was the bear market of 2018 where I decided that, okay, all this ICO stuff, all the noise, there's not much signal there.

I definitely agree with a lot of that, but what is your, maybe your perspective living in the Amazon? You know, walk me through your day to day there.

Kent.

Wow.

Um, lot to take in there.

So Clarity Act, I, I, I...

As you were talking, I'm just thinking it.

Okay, let's, first of all, let's pour one out for the bankers, right? We all have a lot of love lost for them.

Uh, and as I think through from a banker's perspective, okay, I've got this, this feeding trough, right? I, I've been going at this feeding trough for decades at this point.

Just wait for the delivery time, I guess, would be the, the analogy.

Jeff Berwick.

Uh, yeah, Jeff Berwick.

And just started reading their material and, uh, and, you know, some of it resonated with me, some of it didn't, but at this point I'd gone through like 26 countries.

I'd pulled money out of ATMs from all these banks that nobody's heard of.

Uh, struggled here and there.

And having a computer engineering background and an energy, uh, understanding, when I read about Bitcoin, I was like, oh, this makes sense.

Let me buy some of this, right? And, and I have to admit, I, I watched the price for about five, six months.

Yeah.

But before I get to that, what is SaaS Mining, Kent?

SaaS Mining is a managed mining service.

You know, we coined that term mining as a service because when we came to market, nobody had built out a platform to make mining accessible to the masses.

So we did that, you know, in the vein of an Airbnb.

And we are a property management service, if you will.

We manage rigs on behalf of our clients.

So we are the only ones that built out a platform, and then attached data centers to it, and staked our claim on being able to create value for our clients.

Kent, is that correct?