Becoming Sovereign - Labor Day Clip Show

um people don't want to see alphanumerics they just don't and i think as the industry you know as we run with this narrative that bitcoin is perfect money we need to get perfect ux and so the dream i always had in my head way in the early day was it was when i'm given an address to pay and let's just use so we work with zapra let's use zapra as an example If I'm going to drop in 1K, 2K, USD into a Zaprate invoice, and this is no fault of Zaprate or anybody, but... me being ultra paranoid about everything i'm just so paranoid that my browser or my client side device so my phone my computer has somehow had malware on there either it's funny or

we just put some earnest money down on a house and my wife texted me she's like is this link legitimate did this Did it come from these people? I don't want to send this.

I don't want to send this money.

And I said, you know, I was like, well, you know, make sure it's the right thread.

Make sure it's the right email address.

You know, make sure the link is correct.

But yeah, so it happens all the time.

Yeah.

And so like this is, you know, in fiat, it's one thing because you can get the authorities involved.

But in Bitcoin, it's it's not really a thing.

Right.

And so I just don't really see the industry being able to move forward without a way to actually verify who's on the other side of the screen.

Because one thing that we have today is every single time somebody transacts, there's like this emotional residue, residue of anxiety or fear.

And you know what kills user retention and user conversion is any inkling of fear or anxiety.

And so the reason credit cards you just swipe and it's mindless, I mean, you could argue that's not great for society, but it's great for the product of credit cards because there's no negative emotional residue there.

You just swipe.

There's no PIN.

There's no password on a credit card.

It's a bare product.

And you don't even have a sense of loss because you actually take, you swipe the product credit card, right? But you put it back in your pocket.

um people don't want to see alphanumerics they just don't and i think as the industry you know as we run with this narrative that bitcoin is perfect money we need to get perfect ux and so the dream i always had in my head way in the early day was it was when i'm given an address to pay and let's just use so we work with zapra let's use zapra as an example If I'm going to drop in 1K, 2K, USD into a Zaprate invoice, and this is no fault of Zaprate or anybody, but... me being ultra paranoid about everything i'm just so paranoid that my browser or my client side device so my phone my computer has somehow had malware on there either it's funny or

we just put some earnest money down on a house and my wife texted me she's like is this link legitimate did this Did it come from these people? I don't want to send this.

I don't want to send this money.

And I said, you know, I was like, well, you know, make sure it's the right thread.

Make sure it's the right email address.

You know, make sure the link is correct.

But yeah, so it happens all the time.

Yeah.

And so like this is, you know, in fiat, it's one thing because you can get the authorities involved.

But in Bitcoin, it's it's not really a thing.

Right.

And so I just don't really see the industry being able to move forward without a way to actually verify who's on the other side of the screen.

Because one thing that we have today is every single time somebody transacts, there's like this emotional residue, residue of anxiety or fear.

And you know what kills user retention and user conversion is any inkling of fear or anxiety.

And so the reason credit cards you just swipe and it's mindless, I mean, you could argue that's not great for society, but it's great for the product of credit cards because there's no negative emotional residue there.

You just swipe.

There's no PIN.

There's no password on a credit card.

It's a bare product.

And you don't even have a sense of loss because you actually take, you swipe the product credit card, right? But you put it back in your pocket.