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Video Transcript AI Summary
Speaker 0 mentions the arrival of some boys. Speaker 1 expresses their long-term interest in making payments cheaper and faster, rather than focusing on price movement. They discuss the potential of tokenizing assets and envision a future where payments are as easy as email, independent of payment networks or mobile providers. They imagine a world where payments are ubiquitous and integrated into daily actions, similar to how turning on a light switch triggers internet activity. Speaker 1 also contemplates a future where stores pay for information about preferences or even pay individuals directly. They believe these changes could have a significant impact, similar to how ubiquitous communication transformed society.
Full Transcript
Speaker 0: I told you those boys was coming.
Speaker 1: I I think that I'm in this for the
Speaker 0: long term, and I'm not so much
Speaker 1: in it for the price movement. I'm I'm in
Speaker 0: it for making Payments cheaper
Speaker 1: and faster. I I think
Speaker 0: the big thing is, you know, we can tokenize everything. We can have all these different assets. Bitcoin could become the store of value for the world where it could be eclipsed by something technologically superior. That's kind of not what what what this is about. What this is about is improving payments.
I think getting rid of pay.
Speaker 1: And and I think what what what makes me
Speaker 0: excited is imagining future where payments are as easy as email, but we don't have to worry about what payment network people are on, what mobile providers they're using. We can just, you know, pass money around. And I think going Further into the future, imagining where payments are just ubiquitous. They're all around us and part of everything we do where just like today, actions that you like turning on a light switch might result in something happening on the Internet. Those kinds of actions could result in payments.
But you can imagine further in Future where I guess this gets a little dystopian. I mean, you can probably think of more utopian answers, but, like, I walk past a store, and they pay somebody for information about my preferences. Maybe they pay me. Maybe they pay me to find out what products I like to buy so they can display a relevant advertisement to me or where these just payments are just going on, you know, in the crowd. And it be it could it could potentially Change the way we do things as much as ubiquitous communication changed the way we do things.