{ "episodeId": "SLP322", "speakers": { "stephan": { "name": "Stephan Livera", "role": "host", "tag": "STEPHAN" }, "perth_heat": { "name": "Perth Heat", "role": "guest", "tag": "PERTH" }, "guest_2": { "name": "Guest 2", "role": "guest", "tag": "GUEST" } }, "segments": [ { "speaker": "stephan", "time": "00:08", "start": 8.43, "text": "Hi and welcome to Stephan Livera podcast, a show about Bitcoin. Today for episode three hundred and twenty-two, my guests are the CEO and the chief Bitcoin officer of Perth Heat. So this is an Australian baseball team going fully Bitcoin. They're going on a Bitcoin standard, they're holding Bitcoin on the balance sheet, they are going to pay players and staff in Bitcoin. This is a- Selling tickets and merchandise for Bitcoin, and we talk about their journey, why they're doing it, and what they're hoping to achieve with this. This show is brought to you by Swan Bitcoin, the easy way to accumulate Bitcoin while also receiving education about Bitcoin. 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With Lend at HodlHodl, you don't have You have to now sell your Bitcoin, you can get some stable coins and get some short term liquidity, so you can put your bitcoins up as collateral, control that using one out of three keys in the escrow throughout this whole deal. And on the other hand, if you have stable coins such as USDT, you can earn some extra interest, you can lend them out and define the terms and the APR for their deals, so you can go and sign up. The website is lend dot h o d l h o d l dot com, that's lend dot hoddlehoddle dot com. Are you interested in Bitcoin mining but you're not sure where to start? Compass Mining dot io are offering all sorts of ways you can do this. You can go to the website, you can select an ASIC machine, have that shipped to a hosting facility and ha-have it come online where you pay the hosting and you will receive Sats. You join a mining pool and you're receiving Sats. There's also other ways to get involved. You can actually do compass mining at home if you're in the US, you can have that machine shipped to you. Also, Compass Mining have all sorts of content and- material to help you get started, they've got podcasts and also a newsletter, so go and check them out. The website is compassmining.io. On to the show. Stephen and Patrick, welcome to the show." }, { "speaker": "perth_heat", "time": "02:43", "start": 163.08, "text": "Thank you so much for having us." }, { "speaker": "stephan", "time": "02:44", "start": 164.38, "text": "It's great to be on Stefan, thank you. Yeah, so this is really cool to see a baseball team going full Bitcoin. Let's, let's hear it. So, let's hear a little bit about you guys, and, you know, where you're coming from and, yeah, just tell us a little bit about yourselves." }, { "speaker": "guest_2", "time": "02:59", "start": 179.15, "text": "Oh, well, yeah, the Per- the Perth Heat, baseball team are Australia's most storied baseball organization. there's been ten" }, { "speaker": "guest_2", "time": "03:10", "start": 190.26, "text": "Of, of note being, you know, Graeme Lloyd, who won the World Series with the Yankees back in '86 and '88. and also, now we've got Liam Hendriks, with the Chicago White Sox right now, who, was just, named reliever of the year. So, yeah, really powerful baseball organization, fifteen championships, you know, the number one team in the country, and now ready to, you know, revolutionize sport with what we're doing by operating on a Bitcoin standard." }, { "speaker": "guest_2", "time": "03:37", "start": 217.21, "text": "you know, we That's awesome. and" }, { "speaker": "stephan", "time": "03:42", "start": 221.96, "text": "Patrick, tell us a little bit about how you got involved with Perth Heat." }, { "speaker": "perth_heat", "time": "03:45", "start": 224.86, "text": "Yeah, I mean, I am, I am a Bitcoin pleb through and through, and, like I think will happen, I think we're gonna start to see, versions of myself, if we haven't already, start to pop up more and more, where, Bitcoin has been really good to me from a financial point of view, and it has allowed me to free up my energy to, sort of pick my head up from the sand and" }, { "speaker": "perth_heat", "time": "04:07", "start": 246.51, "text": "say, \" yourself, or others out there in the educating space to really move the needle, and, and that's how I got involved with the Perth Heat, just the process of, you know, you, you can only be so long in the Bitcoin space before you start to think of yourself as a bit of a, an orange pill expert, you know, you get better and better as time goes on, and you start practicing your skills and sort of drawing on where people get sucked in and what people latch onto, and that was my experience basically having conversations with Steve, early, or sorry, late just at on an individual level, and then that starts to trickle through and then, Steve starts to notice, okay, well, this is actually, this makes a lot of sense, you know, this, this, this is the way that it should work. And then wait a second, you know, if it, if it works on an individual level and Steve is in charge of an organization, which is, you know, just a group of individuals who are channeling their energy at a very common, at a very specific goal. why wouldn't it be better for an organization? And that's really how this whole process got started, and, you know, fast forward eighteen months, and, here we are talking to you." }, { "speaker": "stephan", "time": "05:11", "start": 310.94, "text": "Yeah, that's great. So what were some of the early conversations like? was it for you-- I guess, as you were saying, you get orange pilled yourself, and then you then try to, now, orange pilled the organization. What was that process like? Yeah, well, it's the same thing. Yeah. Overcome the initial resistance. Yeah." }, { "speaker": "perth_heat", "time": "05:28", "start": 328.39, "text": "I guess the initial resistance, luckily enough, by the time that, you know, the orange pill process had started for Steve, I had had enough practice and really, to be honest, the, the thing that no In the, the level of knowledge, like the baseline level of just your average no coiner, right? Like the, the-- Yeah. They are so much better educated because it's, it's, it's now, it's not just a thing for criminals, it's not just the, the Mount Goetz thing, it's not the Silk Road thing. people are starting to realize, so the, so the baseline is, is better. and from there, the, the main problem when you're orange-pilling people, right? At least what I find, is you're not No idea what money is. As zero. They don't have-- they've never thought about it, they've never considered it. It's just a system that they're born into that seems to be working for all they know. You know, you go to work, you feel like you can attain some things, and some things are out of reach, but they never question why. So really you have to start at that base level of what is money in a real quick and easy way to do it. And people like, you know, again, the more conversations that happen, the more the ideas start" }, { "speaker": "perth_heat", "time": "06:41", "start": 400.74, "text": "People like Michael Sailor, where, what is money? Well, money, money's two things, right? It's a representation of energy, more, more, more specific, like accessible energy. And then you go the Parker Lewis route of, well, how are we gonna describe this from first principles? It's a tool, and a tool is a technology that can be improved. And once people start to understand that, and they see it, and you say, well, you know, Bitcoin is the next iteration, right? The invention of Bitcoin, the discovery of digital, of absolute scarcity, leads" }, { "speaker": "perth_heat", "time": "07:11", "start": 431.02, "text": "And so you start to lead them down the path and you start to show, well, these are some of the efficiencies, right? Like, just imagine if I can give you value, right? If I can hand you energy, digitally, and there's nobody in between us, just that one little savings times that by all the people on the earth, and you can imagine if everyone's life is improved by having access to more energy, we just saved, we just unlocked what was previously required, like you had to do it the old way. Like for Steve, I'm sure we're gonna National players come in, and they need to be paid. And the first five days that they're on the ground here, when for an organization, what they're after is, we need to get them up to speed with playing baseball, with being part of the team. We don't want them to spend five days in a bank Because they forgot a piece of paper, now they have to communicate with another country. It takes time and energy, right? Back to the energy thing, away from what we're, what we are paying them to do, which is to go out there and play baseball and to do a really good job. And that's why, you know, it's exciting to be sitting here with you, because over the last twenty-four hours, I imagine it's been significantly worse for Steve, doing all of the media with the, the, you know, the legacy system, the fiat world, if you will," }, { "speaker": "perth_heat", "time": "08:27", "start": 507.26, "text": "Get to the next level in this conversation of like, what does this actually mean when Steve and I say this is going to change sports? What does that actually mean versus, you know, the questions are, \"What's Bitcoin? What do we do about Bitcoin? Like, how are players gonna get paid?\" Yeah. Like, we can, hopefully, in this conversation, we can get to that next level, but it's just about identifying efficiencies, people start to latch on, and then they start to figure out, \"Wait, wait a second, this actually works,\" you know? And that's, that" }, { "speaker": "stephan", "time": "08:56", "start": 535.63, "text": "For sure. And Steve, let's hear from your perspective, what was it like? What were some of your initial reactions to what Patrick was telling you?" }, { "speaker": "guest_2", "time": "09:03", "start": 543.48, "text": "Oh, I, I was intrigued. and, and with, and with every conversation, I wanted to learn more, and more, and more, but it got to a point where, you know, learning Is great and, is-- but we had to, you know, we had to take the next step, and we could continue to learn, which we're all learning now daily, weekly in regards to, you know, the, the future, but we wanted to make sure that we weren't left at the train station while we're learning, we also want to demonstrate the benefits of operating on a Bitcoin standard, you know, already if, if we look at, you know, the energy that's been created over the past twenty-four hours, it's so exciting and podcasts with yourself and others, you know, with it, within Australia and around the world, we can already see how we're joining dots for people and we're educating, and they're understanding how operating on a Bitcoin standard, you know, i-is the way forward. it's, it's been, you know, so encouraging to see, and as you're having conversations with people, you, you can, you can almost see, you know, the Bitcoin drop. they go, right, okay, that's how the process is. It's It's, yes, that's the way we should be operating, and I'm so glad you were able to explain it for us. And almost, we're so happy that you've decided to take this step because Funnily enough, a lot of people have been thinking about it, but they haven't had the courage to take that next step. Right, and for you guys, it was important to be first, right? Oh, we want, we want to be pioneers. We're a progressive sports organization. you know, I'm always thinking about how can I better the organization, what is the next step in the process of the Perth Heat to make us better on and off the field, and for me, it became so obvious that operating on a Bitcoin standard was the only way forward. And e- ever since the announcement yesterday, it's like, \"Yes, let's go, let's bring others along on our journey.\" You know, we can't wait for the avalanche, avalanche of the, teams that are gonna come behind us, and we want more and more and more to join us because the more teams that are operating on a Bitcoin standard, the better it's gonna be for Perth, and the better it's gonna be for the Bitcoin community, and the better it's gonna be for the globe." }, { "speaker": "stephan", "time": "11:12", "start": 672.2, "text": "Yeah, and as you mentioned, the Bitcoin standard," }, { "speaker": "stephan", "time": "11:19", "start": 679.15, "text": "the Been part of your journey, for both of you, right?" }, { "speaker": "perth_heat", "time": "11:24", "start": 683.67, "text": "Part of the process. It's, it's, it's, like I said before, with that, with each step in the level of education that is out there, it makes it significantly easier. Like that is part of, you know, I've got the whole document down of, \"This is your first,\" basically, \"This is your first hundred hours in Bitcoin.\" And it's like, that is part of that, because it makes the conversation to the realization that, \"Wait a second, not only is this possible," }, { "speaker": "perth_heat", "time": "11:48", "start": 707.71, "text": "but And they felt like, you know, there's something missing or there's something just not right, and they've been looking for a solution, they've been looking for a reason to feel engaged in the people around them, in the world around them, and feel like they're participating and doing good, and you just start that path, you know, again, with something like the Bitcoin Standard, where it's like, it makes so much sense and it's so, you know, it's so easy to see in its thinking, and you're like, \"Well, yeah. I mean, how can" }, { "speaker": "stephan", "time": "12:21", "start": 741.36, "text": "Fantastic. And so, in your own words, what are some of the benefits for the team of being on a Bitcoin standard?" }, { "speaker": "guest_2", "time": "12:29", "start": 748.8, "text": "There's endless benefits, and, and, and, and we're only just scratching the surface really, but yeah, if, if, if I revert back to what Patrick, you know, mentioned earlier when we get our, our imports that come in, you know, from the US and, and, and around the world, you know, we're blessed that we've got an incredible, partnership with the Tampa Bay Rays. But that legacy system and setting up those bank accounts is just a nightmare. You know, we have players that turn up, first they need to find a bank yeah, they, they seem to be closing down daily. So they walk around, you know, downtown to try and find one that's open. They eventually, requested for paperwork, paperwork they may not have because suddenly they need a birth certificate, the original, so they've got to come back to their apartment, they've got to then reach out to their folks back home in the US, they've got to get something sent over or find something equivalent. They go back to the, bank the next day, they set up the account, it then takes, you know, the best" }, { "speaker": "guest_2", "time": "13:27", "start": 807.34, "text": "Another four days. So for the best part of two weeks, they haven't received any payment and they're eating crackers. I want these baseballs paid immediately, and I want them on the baseball field, I don't want them running bank errands. And then on the flip side, when they leave Australia, they've got to take every single cent out of that bank account because they can't leave it in an account here, otherwise they can't be-- they can't access it when they head back to the United States. We're trying to win championships, right? Yeah, yeah. Asking to take out the last dollar, it's just crazy, like this is twenty twenty-one, and we're still operating like that? Like, spare me, please, come on. Now, there's one, and I, I need my players on, on the field, not in banks. And I can have all this set up even before they, they leave, yeah? Yeah. our whole organization has been so, so supportive of, of us operating on a Bitcoin standard. Like, a lot of the questions have been, in Australia over the past twenty-four hours It works, and, you know, the players are all in, you know, and, and have been so supportive and excited about the process. But today, I've had a, a, a message from my GM of baseball operations, we've now had a player who's requested five years of salary be paid upfront with Bitcoin, and, and he doesn't want any additional payment at the end of that term, so he would like it upfront today, today's value. Trying to get out of that curve." }, { "speaker": "perth_heat", "time": "14:43", "start": 883.08, "text": "Yes. So," }, { "speaker": "stephan", "time": "14:45", "start": 884.9, "text": "so, yeah. So I'm curious then as well, so of course, I'm all about Bitcoin myself personally, but of course, I can understand maybe, was there any hesitation on the part of the players or were they saying, \"Oh, I don't, I've never used this before,\" was, was, was there anything like that or were they all just, yeah, fully on, fully on board?" }, { "speaker": "guest_2", "time": "15:06", "start": 906.32, "text": "No, having, having a chief Bitcoin officer, and I, I encourage every sports team around the world to hire one. I'll just make note, Patrick is unavailable, long term contracted to the Perth Heat. So anyone out there in MLB, NBA, NFL, sorry, Patrick's contracted, but, look, h-his understanding, you know, I, I, I'm, I'm a fair bit behind Patrick in the journey, hence, the importance of bringing Patrick on board and, giving him this important role within the organization, which right now Important role, having our CBO, and educating us. So having Patrick, guide the players and staff through the process and, demonstrating the benefits and how this will work has been crucial. without Patrick, it hasn't been able to work. So, because I'm very much still learning so much about Bitcoin, you know, e-every day. So have the players been responsive? They've been outstanding. But then today, to have one of the players reach out to our GM of o-operations and ask for five years of salary in Bitcoin, as quickly as possible. I, I, I think we've advanced pretty quickly already, which is great, and w- and we wanna continue to do that. we wanna be innovative, and we want our players, to understand the benefits of operating under Bitcoin standard. So" }, { "speaker": "stephan", "time": "16:19", "start": 978.83, "text": "Patrick, as the chief Bitcoin officer, I'm sure people are thinking, what the hell is a chief Bitcoin officer? What, what is that role, right? Tell us, what is, what is the chief, who is, what, what is the role of a chief Bitcoin officer?" }, { "speaker": "perth_heat", "time": "16:30", "start": 990.48, "text": "Yeah, I mean, you know, Michael Sailor wrote the playbook on how to do it at a corporate level, right? Which is huge. You have access to public markets, you have a team of lawyers behind you, you have engineers that work at your company, you've got lots of resources, and rightfully so, right? It's a big company, they've got a lot of energy to push around, it makes sense. He wrote the playbook on how to do it there. but there is, as Steve said, there is a tsunami of small organizations like ours, right, under a hundred employees, How do we get involved in that? And, and much like you yourself, Stephan has done in the past, it's like you have to, you have to offer opportunities to educate people the, the, the best of your ability, right? The things that we have learned from the space, that is what this entire transition process has been about educating and trying to help and push down the right path and try and steer people to, you know, these are the ideas, this is what has worked in the past, this is the options that are available to us, because as you know" }, { "speaker": "perth_heat", "time": "17:36", "start": 1055.88, "text": "For the Perth Heat, you know, the number go up technology is important, that investment, the lowering of the time preference is really important, but it's actually the network that is achieving all of these efficiencies, which is why it makes sense, for the Heat to go on. And, and early on, it became those conversations after, you know, the initial, \"Well, this is-- makes a lot of sense, and there's a lot of efficiencies we can find in this, and there's a lot of ways we can leverage this to become a better team, both on and off the field" }, { "speaker": "perth_heat", "time": "18:06", "start": 1085.82, "text": "organization that you possibly can, and how do you do that? Well, Bitcoin can help you in all of those aspects. It can make you better than the legacy system. Well, if that's the case, how do we plug into that? And then my job becomes, okay, well, well, what does that actually look like? You know, do we, do we become completely self-sovereign as a company? Is that the easiest way forward? and then what is the trade-off between ease? Like, we can jump on right now, we can take payments right now, which Stuff that has been made possible because of the infrastructure that has been built around, you know, using partnerships like, OpenNode, where we could have gone down our own path, but it's like, do we jump on the train right now? And do we learn as we go? Do we get involved as quick as we can? Because, like you said, it's important to be first, right? That's the, to the victor goes the spoils of being first and going, \"We're going all in, right? The writing is on the wall." }, { "speaker": "perth_heat", "time": "19:02", "start": 1141.66, "text": "if you" }, { "speaker": "perth_heat", "time": "19:06", "start": 1145.82, "text": "Bitcoin community, at least myself, when I think of myself as a Bitcoin player, it's like, what, what would I like to see happen in the business world for this to gain traction and for the efficiencies to actually start paying off and to pay back the community? Like this is, this is that next step, and how do we get on board as quick as we can? So my job is just communicating with the companies that we've partnered up with to make sure that everyone understands, to educate the, like, with the players, with the staff members, giving them the opportunity and the option to Interact with it, and like I said, it's become so much easier. You know, I, I often use the analogy where it's like selling someone, if you can imagine, in today's modern age, someone hadn't never seen a car before, right? And you're selling them on the idea of a car. And it used to be in twenty sixteen and twenty seventeen, it used to be, the person would have to go to the car dealership and rather than seeing a fully built car, you would just have all the parts laid out, and you" }, { "speaker": "perth_heat", "time": "20:02", "start": 1201.92, "text": "would be like, \" Components have come together. You don't have to talk about, \"Well, in the future, it's gonna be able to do this,\" or \"In the future, like when you put it all together, it's gonna go like this.\" Now, you just, you take a person for a test drive because you see the smile on their face when you're doing burnouts in the parking lot. It's like, \"This is a car. This is why it's good. It's not that complicated, you know?\" And as long as the thing works, which it does now, it just works, The hard part, the easy part was just plugging into the system. That's all we did. You know, you just hook up like you're signing up for an email account, and we're in. We're the first team ever to do it. We're operating on Bitcoin standard now, taking payments Bitcoin now, taking sponsorship in Bitcoin now, holding that Bitcoin in sponsorship, right? Holding that sponsored Bitcoin for the duration of the existence of the organization, right? And I'm sure we'll get into more of what that actually means, but that is the, the role of the Bitcoin officer from now on Hold. It's the huddle, forever. The same as Michael Saylor, right? I mean, why, why break, why break it? That's the idea. Like, has the, has the investment thesis changed this month? No. That's my job. I go home, right? Huddle, don't sell. That's it. That's how we win." }, { "speaker": "stephan", "time": "21:20", "start": 1279.95, "text": "Yeah, excellent. And so I'm obviously, I'm, you know, I'm very much pro-huddle myself, but I can imagine people might be thinking, \"Oh, but, but what about" }, { "speaker": "perth_heat", "time": "21:37", "start": 1297.02, "text": "for the volatility in terms of, like payment for players or the, the volatility for merchandise and things like that." }, { "speaker": "stephan", "time": "21:43", "start": 1302.79, "text": "Yeah, so let's say payment for players, like, were they comfortable with Bitcoin denomination?" }, { "speaker": "perth_heat", "time": "21:47", "start": 1307.49, "text": "well, they're, they're comfortable with the idea that all of the contracts up until this point have been in Australian dollars, and we're happy to honor, that going forward, right? You're, you, you are correct that the volatility at the, at the moment doesn't make for the best, unit of account, right?" }, { "speaker": "perth_heat", "time": "22:06", "start": 1325.82, "text": "Contracts will be nom-denominated in Bitcoin. We will get there one day, right? That's, that's a, that's a matter of fact. If the trend continues, the volatility has been up and to the right. Like if you zoom out, the graph is up and to the right. So do we wanna go up and to the right with the organization? The answer's yes. So let's, let's tap into that and let's use it, for the moment. Now, giving them the option with, providers like OpenNode," }, { "speaker": "perth_heat", "time": "22:30", "start": 1350.48, "text": "those give them the option, Much like the rest of the world, the way that, Bitcoin is taxed isn't the most efficient for spending on a day-to-day basis for these things. So they can take a portion of their salary in Bitcoin, they can take a por- portion of it in any fiat that they choose that OpenNode, allows for, and that is a whole host of currencies. we're giving them the freedom. But the important part and the difference that the Perth Heat is making is, you know, you, you, you hear players like Aaron Rodgers, you hear players like," }, { "speaker": "perth_heat", "time": "23:06", "start": 1386.4, "text": "this is different because this is coming from the top down. Like, this is saying, \"We're giving you Bitcoin. From there, you can do whatever you want with it. You can, if you wanna change it out, you can change it out. If you do nothing, if you do the default, which is what we are suggesting that you do, because we want you to be as successful as you possibly can, right? The default is Bitcoin. So do extra work if you want to get Australian dollars, or if you want to get US dollars. You, you can do that Perform better both on and off the field, and I think that's the real goal." }, { "speaker": "stephan", "time": "23:39", "start": 1419.19, "text": "Yeah, it's gonna cause change, and I think this is something many Bitcoin holders see in themselves. They start to think more about the long term, so it might be an interesting behavioral shift that we see amongst the players, amongst employees, amongst yourselves as you progress down this pathway, wouldn't you think?" }, { "speaker": "perth_heat", "time": "23:58", "start": 1437.8, "text": "I, I think might be is the wrong word. I think, and Steve can speak to this, but inside the organization, I think we've already seen it, in the players, in the At the organization, yeah, I don't think you can hide that." }, { "speaker": "guest_2", "time": "24:08", "start": 1448.33, "text": "Yeah. Safe to have anything to add? Well, to have e-e-everyone hundred percent on board is, it, it, it show, shows, yeah, where the mindset is, of, of our organization, our staff, our players, there has been no fight back at all, and, you know, that's, that's partly due to the e-exceptional education that, Patrick's provided, but I think they also are bright individuals who have, who are seeing Yeah, as Pat said, not might, I think, yeah, we've seen. That's," }, { "speaker": "stephan", "time": "24:40", "start": 1480.21, "text": "that's excellent to hear. And I'm curious, as many people, when you come into Bitcoin, there are certain moments that are Maybe we can call them magical moments, right? The first time you ever send your Bitcoin transaction, the first time you ever recover a hardware wallet, or the first time you ever send your Lightning transactions, especially a Lightning transaction in person. So what, what has that been like, teaching the players and the staff? What kind of moments have they had when, you know, when, when you see it, click for them?" }, { "speaker": "perth_heat", "time": "25:08", "start": 1508.18, "text": "I, I, I think the biggest one, like you say, and which, which brings us back to that analogy of test driving a car, you know, when you f- when you first hit the accelerator and you feel that rush, that is showing the transaction between one wallet to the next and explaining that there's no one in between, there's nothing that can stop that, and that, that is-- it's a mind-blowing experience, right? If you, if you frame it before it happens, it's a beautiful thing to see, a-and you see people start to What was required before is now not required, and what can we do with that extra energy? What can, what can I do, with that time that I now have or that, that ability that I now have? How can I tap into that and make it better? And really, that's the thing that, that getting involved in the Bitcoin ecosystem, allows people to do, is it, it, it reevaluates everything that you knew, about how you are operating in society at large, but also in your own life, right? That, that shifting of time preferences" }, { "speaker": "perth_heat", "time": "26:08", "start": 1567.72, "text": "Between us, we just sent it, and, nobody can trace or track or, or be there or stop it or do anything with it. And, you know, you just see the players and the staff just light up when it" }, { "speaker": "guest_2", "time": "26:16", "start": 1576.4, "text": "happens. I think I was gonna reference two to-totally different things a-aside from Patrick. One of, one of the very, very cool things happened on the weekend, with, with my little son Georgie, who's about to turn three years old, and he found a coin outside in the yard, and he picked it up" }, { "speaker": "guest_2", "time": "26:33", "start": 1593.3, "text": "And yeah, to, to start the education process on a three-year-old, yeah, I, I, I, I was pretty chuffed by that. And then I, I think for me personally, tomorrow is gonna be a significant day. you know, this announcement's been timed, you know, this, this week to, to coincide with our, with our pay cycle, and, and salaries paid out tomorrow. so for me, as the chief executive of, of the Perth Heat and Baseball, club, to get my first paycheck paid out in" }, { "speaker": "guest_2", "time": "27:03", "start": 1622.9, "text": "And I can't wait then to see, you know, further, you know, chief executives around the world, in, in all industries, proudly display that paycheck tomorrow, or, you know, when they receive it. So yeah, and I'm counting down the hours till, you know, that, that payment's made tomorrow to see that go through and, you know, that, that, that journey to start." }, { "speaker": "stephan", "time": "27:22", "start": 1642.16, "text": "Yeah, and so what has it been like, are other players and the staff, are they all comfortable with Bitcoin wallets? Are they going to basically receive an automatic payout? What's the, what's the way it's being executed there?" }, { "speaker": "guest_2", "time": "27:35", "start": 1655.25, "text": "Yeah, I think they will continue to evolve as they see the process now, map out and, a-a-and how efficient it is, how clean it is. so ob-obviously, we've spoken about it and they understand it, but un-unless you've had those transactions, it-it, it, and everyone's, position is a little bit different, we'll be, so we've, we've had a really good, I, I, I guess breakup or split, o-of, you know, where the staff and players" }, { "speaker": "guest_2", "time": "28:04", "start": 1684.17, "text": "are Payments, et cetera, et cetera. So, yeah, with-- in, in Perth, in Australia, there's, you know, there's not too many, places that you can actually purchase or make payments with, with Bitcoin at the moment. we hope with what we're doing, we'll, you know, we'll certainly speed up that process and that will give them more flexibility moving forward as to how they can use their Bitcoin or if, you know, that they don't, they, you know, would just like to huddle it. So, yeah," }, { "speaker": "stephan", "time": "28:32", "start": 1711.76, "text": "Yeah, and I mean, even in that case, there are the likes of Bitrefill, right? The companies that you can sell vouchers, and there's all these other Australian, companies who you can sort of go via the likes of Bitrefill as a, as an in-between. So that's, that's one idea as well, or one, one thing that they can use. and also, you've changed the whole designs for everything, right? The merchandise, the jerseys, and everything. Tell us a little bit about that." }, { "speaker": "guest_2", "time": "28:57", "start": 1737.48, "text": "Well, it's pretty simple. This isn't a piecemeal announcement. Now Perth Heat are all in, and for us to be all in, that, that's across the board, so we've redesigned our logos, we've redesigned our jerseys, we've redesigned our caps. it's important that we are recognized as the Bitcoin baseball team. You know, we're here to demonstrate to the world the benefits of, of operating on Bitcoin Standard and what's the best way to do it, or to fully embrace the community, because that's what we'd like to do." }, { "speaker": "guest_2", "time": "29:29", "start": 1769.26, "text": "Yeah, we haven't released the merchandise, we'll be doing that in the next twenty-four hours. Yeah, it's really nice, we've had a couple of people find, find some links to the, to the online store and we've already had some purchases, yeah, from the United States and also one from Europe. but that's awfully exciting to, to show, you know, the very first, you know, Bitcoin baseball jersey, which is being designed by New Balance, you know, our hats, which are being designed by Dome Headwear. So, And companies who are also operating on a Bitcoin standard and moving forward, our partnerships and sponsorships are now paid in Bitcoin. This is the way that we're operating. this isn't just a patch on our jersey, with a partnership, or this isn't just one player. This is Perth Heat saying, \"We are, boom, all in. We are ready.\" And yeah, I love the design of the jerseys, so really excited to be able to share those, with the community, very, very, very soon." }, { "speaker": "stephan", "time": "30:26", "start": 1825.62, "text": "Back to the show in a moment. If you You've got to check out Brains. That's brains with two eyes, brains dot com. Brains are a Bitcoin company, and they are known for being unique and cutting edge in the mining industry. They were first to support Taproot, they're, through and through hardcore Bitcoiner company. You've got to check them out. They've got Brains OS Plus, which is firmware for ASICs. They've got Slush Pool, they were the first Bitcoin mining pool, and they are the co-creators of Stratum v2, which is a next generation pooled mining protocol. So So if you are a Rust developer, systems programmer, or hardware architect, go and check out their careers page on the website. Now, they are also the operators of Slushpool, the oldest Bitcoin mining pool since twenty ten. 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This is all about removing single points of failure, so if you've got- your two hardware wallets, you can bring your own or you can use the Conseilsh onboarding program and have the option where they ship you two hardware wallets and do a call with you to get you set up. So go to Unchained dot com and select the Conseilsh onboarding program, use the code Livera to get a discount there. Also, if you need to unlock some of the fiat value of your Bitcoin, they offer loans, so it's a really easy and convenient way to do this without incurring a capital gains event. If you're looking to use a hardware wallet, my This is the cold card. You can get this at coinkite dot com and coinkite have been around Bitcoin space for a while, but they in recent years have been focusing on hardware security. And so with the cold card, you can use it in an air gapped way, getting an SD card, or if you're new, you can also just directly plug your cold card to your computer. If you're new, this might be an easy way to get started, and you can use this with desktop wallets like Specter Desktop or Sparrow or Electrum. Coinkite also offer Metal seed backup products such as the seed plate. You can go to coinkite dot com and use the code livera to get a discount on your cold card. And note, there's also a bunch of guides and ways to quickly get started with your cold card over on the website coinkite dot com. Back to the show. Fantastic. And I, obviously, you must be also using OpenNode there on, to take payment, as well, so people can make Lightning payments, and that's, that's something as well, because sometimes if you're, if you're a new merchant, sometimes they might not have Lightning yet, but in this case, it's like straight away. And so especially for, you know, smaller value items, it's, it's really handy to have Lightning there so any customer can very quickly and easily, get that, merchandise also. And I presume as well, you, you are also thinking about it from a tickets point of view, also?" }, { "speaker": "guest_2", "time": "33:50", "start": 2029.97, "text": "Yeah, absolutely. So we've got a movie night, here at the ballpark on the fourth of December. It's The Sandlot, and you can go online and you can purchase with Bitcoin, we've also launched a Bitcoin membership which will be online, later today as well. So yeah, it's not just the merchandise, it's memberships, it's ticketing, and we'll have all, ballpark concessions when the venue is open for games, ab- absolutely," }, { "speaker": "guest_2", "time": "34:15", "start": 2055.44, "text": "You know, to purchase with Bitcoin, that will be here at the ballpark or, you know, through, throughout our operations. So, yeah, it's, it's great that we can, offer a membership now. it's great that we've got, you know, an event in two weeks, yeah, p- fans can purchase tickets with, with Bitcoin, and obviously the merchandise is, is, is really cool as well. Yeah." }, { "speaker": "stephan", "time": "34:32", "start": 2072.03, "text": "What's the response been? And I presume out of your current fans, and I'm sure you'll probably have a" }, { "speaker": "guest_2", "time": "34:42", "start": 2082.49, "text": "Awesome. it's, it's, it's o-o-overwhelming in a lot of ways. yeah, in some ways, you're always nervous about, you know, how, how will this be received? But, yeah, from what I've noticed, it's, it's almost been a relief o-o-o-on, on people that have potentially been in, investigating or learning about Bitcoin, and, and wondering, i-i-is the time now that we, you know, purchase our first portion on, you know, a-and what is the next step for on a Bitcoin standard, they're like, \"Yes, thank you so much for leading us and putting all this together for us now. We're so grateful that a company said, 'Yes, we're in,' because we've probably been waiting for someone in this space to go, 'Oh, oh, should we, should we, oh, Perth Heat, yes, okay, this is the way forward.'\" and, and that's what I've noticed, you know, with everyone I've chatted to and reading the comments, across the board has been, \"Thank It's been wonderful to" }, { "speaker": "stephan", "time": "35:43", "start": 2143.15, "text": "see." }, { "speaker": "guest_2", "time": "35:44", "start": 2143.73, "text": "And" }, { "speaker": "stephan", "time": "35:44", "start": 2144.09, "text": "as the first sports team to do this fully, I guess that's, that's also going to put you on the map and hopefully, win you some new fans, and then that means, you'll have a whole new base of, people who are, you know, buying merchandise, buying tickets, and things like that. maybe if you could just give us a sense of like, how many people sort of turn up to an av-- like an average game or just give us a sense of where things are at now and," }, { "speaker": "guest_2", "time": "36:11", "start": 2170.88, "text": "Yeah, well, look, we, we always, we always think global in terms of wanting to build our brand, and, and we, we fully recognize with the announcement that this will assist us with building our presence, you know, in, in different markets, yeah, we'd like to take, take the team around the world, and there's, there's no limitations on what we'd like to do, you know, as the Bitcoin baseball team. Let's bring it up, let, let's bring Perth Heat to the United States, let's bring it to" }, { "speaker": "guest_2", "time": "36:40", "start": 2200.4, "text": "Our, our, our attendances are somewhere around the seven to eight thousand mark over a weekend, but again, I, I think that's gonna explode with, with what we do now, and I'm really excited in, in the efficiencies that, you know, the company will now have, which will allow us to invest in, in, in the game day experience and bringing more to the fans of Perth, you know? So, yeah, th-th-this is really only just the start of what, I think we can do globally, and, and, and that's the exciting How can we bring others on the journey with us? Because it's fantastic for us to be the pioneers, but we want everyone else to join us. This, this isn't just about Perth Heat, this is about bringing everyone else onto the same Bitcoin standard as us, and us as a community reaping benefits of, of operating on that standard." }, { "speaker": "perth_heat", "time": "37:28", "start": 2247.5, "text": "Yeah, and, and, and to, to, to add to that, just about the, the bit about the, you know, in speaking with the fans, the existing fan base that has come up, one of the things that we have continued to harp on, a-as people are more and more interested in the process of how this actually goes down, is just the, the, the, the shoulders of the giants that we are standing on. Like, we aren't coding this thing up to make it all work, we're not, we're not doing anything. I mean, Is all of a sudden now, as a CEO, Steve has just hired yourself, Stefan. He's hired, Jack Maillers. He's hired, Palm. He's hired Michael Sailor. everyone now, is essentially improving the baseline of what we are operating on as the, as the Perth Heat, like everyone is in the system, we get access to all of those individuals. We're not, and our, our message to the fans and to every other company that has reached out, you know, in this process, working with the different partners that we have" }, { "speaker": "perth_heat", "time": "38:27", "start": 2307.14, "text": "Like ourselves, and they start to get whispers of these things. and the, the thing that we have been passing on is that this is as easy as you can possibly make it. Like there is, the hard work is being done by all of these people around the world that we will never meet, and we get to tap into all of that doing nothing. We are just benefiting from the system that everyone else is doing. So that allows us to then go, well, okay, if everyone else is taking care of those things, right? You're taking care of the education process, other people Other people are doing other things. What can we do? Which is, we can do sports, right? Well, what sports is val- well, like, what value does sports actually bring to the network? And that's the next level, like people realizing, wait a sec, this infects every single area of society, right? Why are professional sports run the way that they are? Like, that's a huge topic that is completely ignored, and it's all based off of the money, right? Everything comes, comes back to the fiat system. It, it permeates into everything. And that's Use this leverage, but the sporting world won't ever be the same, right? And it's not just because of us, it's not just because, okay, you know, some, team in Perth, decided to go on the Bitcoin standard, that's great. This is us, there's a tsunami of organizations behind us, because it will change the way that individuals, what they want to get out of sports, right? Why do professional sports exist in the first place? Like, what is the utility that they have, that they provide to the system? What is it? how do the players, how do they get paid for next season? I need all my money now because I, you know, who knows what, what might happen. And the fans, the exact same thing. They're just used to seeing, a watered down version of why sports exist in the first place, especially professional sports, right? and we are aiming to change that. but the whole goal this entire time with the fans has been, and the fans and the companies alike, has been, this is, an easy process. We are tapping in to all" }, { "speaker": "perth_heat", "time": "40:23", "start": 2422.7, "text": "Pay players. You know, that would be really nice, that would be special. I'd like them to pay staff. I'd like them to, you know, let me buy stuff with Bitcoin. I'd like them to hold Bitcoin on the balance sheet. I'd like them to go, as Steve said, I don't want someone, you know, pussyfooting around. I want someone to go all in. Let's see, this is it, this is the experiment. Does it work? If this works, we win in a huge way. You know, it's" }, { "speaker": "perth_heat", "time": "40:53", "start": 2452.66, "text": "We're able to gain from the system, no one is bullish enough. It's, it's not possible to, to be bullish enough." }, { "speaker": "stephan", "time": "40:59", "start": 2459.0, "text": "Right. And so, Patrick, I mean, that's a great topic as well in terms of changing sport. If you had any predictions about this, in what way do you think Bitcoin will change sports?" }, { "speaker": "perth_heat", "time": "41:12", "start": 2471.81, "text": "e-every aspect, every aspect of sport when it trickles through to the players, as, as you start to see, and probably the, the biggest idea, is just that shift in time preference, right? As an organization, Able to build for the future if so much time is dedicated to things that mean absolutely nothing to the end product, right? So much time, like Steve mentioned, the players going and having to do all this bank stuff. It's like, no, their utility in society is to get better at playing baseball. And you say, \"Well, okay, what sense does that make? How does that actually help?\" you know, if you understand what money is, if you understand that money is energy, and that it is a tool for exchanging energy, we need to come up with Baseball fit into that. Doesn't make a whole lot of sense at first, until you realize that the whole benefit of professional sports is that it is there to teach and to inspire the community around them to show off what hard work looks like, what perseverance looks like, what overcoming difficulty, everything that is, not high time preference, everything that is low time preference. You have to practice to be the best, right? That's hard to see over a lifespan of an individual, but if you go to a game and you see it in three hours, and you follow along with a season that takes twelve" }, { "speaker": "perth_heat", "time": "42:23", "start": 2542.68, "text": "It teaches them a lesson that they can then go out and use that information to say, \"Oh, now I can unlock more energy in my own job, right? I can do my best, I can try a little bit harder, I can do these things. I don't have to worry about, you know, when the guy hits a home run, he throws the bat in the air and he's shouting and chanting, and, you know, this is all me, look at me, give me more fiat, give me more money as quick as you can. It's not about that. It's about Giving them a show of what life is like in a three hour timespan, and that is worth something, and that we've gotten away from that, right? It's become, it's become, entertainment. And yes, it is entertaining to watch along with the game, but there's deeper purposes behind why they exist in the first place, and Bitcoin unlocks that. It was previously, not accessible. Bitcoin allows that to happen. and I think it's going to be a huge change, not only in baseball, it's in every professional sport, right? these things have" }, { "speaker": "perth_heat", "time": "43:23", "start": 2602.8, "text": "Like Aaron Rodgers, like Russell, like all these individuals who are realizing, wait a second, okay, I can start to plan for the future. how do I, how do I then go out and be the most productive person to society around me? Because I know if I add, if I get better at my job, of playing baseball, right, that adds energy to the system. And Bitcoin, the unique thing that it does, is it takes all of the accessible energy in the world and it caps it at twenty-one million, right? Stuffs it all in there. So if you More energy, right? You can only transform energy from inaccessible to accessible. If we're able to control more energy, they shove it into the system, doesn't matter where they are, you benefit, right? That's why the huddle mindset works, because you are doing the most, altruistic thing that you can possibly do, which is you are, you have unlocked energy somewhere out in the world, in your job, doesn't matter what it is. The only way to get Bitcoin, there's only two, there's only one way, really, it's exchanging energy, right? The miners Bitcoin system is self-regulating, right? If you take it out of the system and you use it and you don't come back with more energy, what happens? You get eliminated from the system. You're not able to buy back as much control of the total energy supply. So you're out. So it rewards people, it's self-regulating. It rewards people that put energy into the system and say, \"I'm not gonna touch it, right?\" Because there's people out there that can use it more efficiently than me. Unless I have a really good idea, then I'm gonna take it out of the system and I'll come back with more, and everyone is going to win. So it's not just the, you know, it's the tip of the iceberg of, what is going to change from announcements just like this. You can't not be bullish enough" }, { "speaker": "perth_heat", "time": "45:05", "start": 2704.88, "text": "Only, like, it's like a flywheel, right? It only gets faster. It only gets faster because the more that we-- the more that people realize this, the more that we are able to innovate, which makes us more efficient, which gives us more access to energy, which goes back into the system, which happens again and again and again, and because the price of Bitcoin, right, for the very first time, you have this immutable ledger that can't be altered, tampered with, manipulated in any way, all of a sudden we have the perfect information. It's the hive mind of human has come together in this because it's an, it's an intelligence, it's a form of intelligence that we never had access to before, right? It is everyone speaking the truth to each other at all times, right? The, the transactions on the Bitcoin network, that's the data. The data which can't be fake, can't, can't be altered in any way, can't be, forged in any way, that becomes the information, right? Which is the price. Now the price, that information turns into the knowledge, and we apply that knowledge, the intelligence of where to allocate How do we allocate the energy? How quickly do we do that? We don't even have to talk to each other. Human beings don't even have to talk to each other. We know for a fact, I can tell, you know, it's that back to, Georgie's idea of the map is the territory. It's, you, your, your head will explode if you think about it long enough." }, { "speaker": "stephan", "time": "46:21", "start": 2781.03, "text": "Yeah, that's what, that's awesome, man. I think there's, there's so many things that'll, really change as, more and more people adopt a Bitcoin standard, a Bitcoin mindset, and really, really start to think of it like I'm valuing, if I'm saving and I'm valuing my net worth in sat, so in Bitcoin. And so it's such a fundamental change. I'm- Also curious, I think that's also part of what helps, once you've really built up your conviction, that's also what helps you if there's a bear cycle or if there's a dip, because it's obviously, it's easy to sing rah-rah, look how good it is when, when there's a big bull run happening, but it's actually also dealing with these things that, like, let's say there's a dip, let's say there's a bear market, and, being able to actually realize that's an opportunity to stack more SATs cheaply To, if the bull run, if the bull run just, continues apace." }, { "speaker": "perth_heat", "time": "47:16", "start": 2836.24, "text": "A- absolutely, and I think the, the, this is something that I have found, in conversations with Steve, in conversations with, everyone that has been orange pilled, right? There is a moment where you're like, you're into Bitcoin for a while, and you start to see the benefits, like you say, it's really easy in the bull runs. but I think you become a, a, a veteran Bitcoiner, when you wake up and you" }, { "speaker": "perth_heat", "time": "47:42", "start": 2861.66, "text": "Some, sometimes in the morning you'll wake up and you're like, \"Oh, man, I like, I, I gotta get more, I can't, I can't, it's gone up too high, like it's gonna run, like people are gonna find out,\" you know, Michael Saylor talks about waking up in the middle of the night and being like, \"I am so...\" I, I am behind the curve. I'm underallocated. Like this, this thing is gonna run away. Other people are gonna find out this information because people like you are out there doing podcasts like this, trying-- We gotta stop this, you know? You, you want everyone, you want everyone to do good, but like-- Stop, stop me, stop me, guys, you gotta stop me. It's like, you know, it's like for, for the past, for the past, you know, whatever it is, twelve years now, the, the Bitcoin community has been pushing" }, { "speaker": "perth_heat", "time": "48:23", "start": 2903.16, "text": "Hill, and it is about to run, you know, so quickly, and it's, it's about, it's about to change so quickly, it's just a matter of time. And you, like you said, you say there, there will be bear markets, there's no doubt about that, but it's about, educating and building that conviction, and hopefully we're doing that with the, the organization." }, { "speaker": "stephan", "time": "48:38", "start": 2917.6, "text": "Yeah. So look, what's going on in Australia? I mean, so for listeners, most of my listeners are actually not in Australia, right? So Commonwealth Bank of Australia, the biggest bank in Australia, recently came out saying, \"Yeah, we're gonna start allowing customers to buy, hold, and sell Bitcoin in the app.\" And, you know, now we've got, a sports team going all in Bitcoin. what's going on in" }, { "speaker": "guest_2", "time": "49:00", "start": 2939.88, "text": "Australia? Well, it's great, and this is what we'd like to see, and we encourage more of it. So, Reference to the rest of the world, are we, a little bit off the pace? naturally, yes. but yeah, with, with announcements like our own, with ComBank, there's a partnership in the AFL, that the, the Western Bulldogs have, that this will continue to, to educate and, and lead the way. So, yeah, we, we encourage more. We, we're, we're excited by, you know, the Com-ComBank's announcement a fortnight ago in, in terms of In" }, { "speaker": "perth_heat", "time": "49:38", "start": 2978.08, "text": "twenty twenty two. Yeah, you, you, you have to imagine the, the, the, the, the Commonwealth Bank thing. I mean, that talk about putting people from outside Australia don't know just how big of an announcement that is. If you're any other bank across the country, and someone comes out and says that, and you haven't been paying attention, you're behind the curve by twenty four months. You know, it's gonna take you that long. You're gonna have to get a team together to figure this out, and you know, the, the best part We have had just from coming out with this announcement, people want to be involved in this younger generation who are eyeing up the potential. It used to be that those minds would go to your places like Commonwealth Bank or ANZ or any of these other bigger banks here. They're recognizing, the youngsters are recognizing, hey, wait a second, this is, you know, this legacy system, it-- we, we call it legacy for a reason, you know, it-- this is, they're in trouble. So you're just now starting to see that shift, you're just now starting" }, { "speaker": "perth_heat", "time": "50:33", "start": 3033.42, "text": "to see This news, this won't be news anymore, right? It looks like the El Salvador news, it won't be, news when Romania does it, when, Pakistan does it, like it'll just-- it'll be common, it'll just happen, and if you're ahead of the curve, you're gonna reap the benefits of that. but really in the end, everyone gets the benefit of it, right? It's just, how outsized will that benefit be?" }, { "speaker": "stephan", "time": "50:55", "start": 3054.7, "text": "Yeah. Now, I don't wanna be, like a Debbie Downer, but I wanna ask this question just because I think listeners might be thinking it or someone might be thinking about it, the tax consequences, right? So if it's treated like a- Sale on spending of coins, is that gonna cause an issue because of the current tax laws? And does that maybe, I'm just thinking out loud, maybe in practice it means people or employees or whoever's receiving their payment in Bitcoin has to think, okay, how much fiat do I actually need for my day-to-day living expenses versus, okay, my savings rate is X percent, that's how much I'll take in Bitcoin. I'm, I'm just curious, what's your, what's been your thought there, and what's been the approach, In terms of how people are thinking about that aspect." }, { "speaker": "perth_heat", "time": "51:42", "start": 3101.67, "text": "Yeah, I, I think, it's, it's a matter of education. You're true, true, right? Like they are going to do everything in their power to make this as uncomfortable as possible because, it's an emerging asset that is, completely eating everything that it comes in contact with. It's scary to the legacy system. So right now, yes, there, there are some inefficiencies in the way that it is taxed and it prevents it from being used as a day-to-day currency." }, { "speaker": "perth_heat", "time": "52:04", "start": 3123.6, "text": "the," }, { "speaker": "perth_heat", "time": "52:09", "start": 3128.58, "text": "About the possibilities, right? That you are, you are basically taking a hit, if you wanna participate, in order to do that to, to, to support, startups like this, like organizations that are doing this, but it makes perfect sense in terms of the staff, Steve, anyone else that is taking their salaries in Bitcoin, you really have to do things through the process, and that becomes, you know, that, that is sort of the, the chief Bitcoin officer's role here, is just, hey, hey, hey, hey Is, would you like your money, to increase in purchasing power by a hundred percent a year and pay a little bit of tax, or, would you like to lose value every single day, have it sucked away from you because someone else is in charge, of the ledger? the choice is up to you, and very rarely are you gonna have individuals say, \"Oh, I'd rather have someone else in charge.\" It's like, no, you know, that's just not the way it works. And of course, but these are the things that it's It's hard to get that information out. So for, you know, I don't, I don't, envy Steve having to do all this media with the, with the, mainstream media, you know, just because you get asked the same questions and it's the same thing, and it's, it's really hard to educate in that process. But the deeper you go, like any rabbit hole, right? The deeper that you go, the more you start to understand, \"Oh, I see what's going on. I see why this is happening.\" And then, then the question" }, { "speaker": "stephan", "time": "53:35", "start": 3215.44, "text": "Excellent, yeah. And, sponsorships, what is changing there? Is, is, are you trying to, again, denominate in Bitcoin there or start off in AUD terms and then change over in the future? What's the thinking there? Bitcoin." }, { "speaker": "guest_2", "time": "53:55", "start": 3234.84, "text": "Well, it's pretty much like, you know, all, all, all our partnerships moving forward in, in Bitcoin, and we'd like to, pair with, like-minded companies. I think if we, if we say we're all in, we, we, we need to behave, in, in, in that, in that way as well. So, yeah. We're, we're, we're, we're, we're open, and a, our assets, you know, are on the table, you know, a, a, across the board, you know, with what we can do with the jerseys, what we can do, you know, with our naming rights, what we can do across the board. we would, we would like to partner now, with the community, to, you know, if we're gonna be the Bitcoin baseball team, we wanna be fully engaged with," }, { "speaker": "guest_2", "time": "54:37", "start": 3276.79, "text": "with" }, { "speaker": "perth_heat", "time": "54:42", "start": 3282.01, "text": "Yeah, it's, it's also interesting too, you know, you hear so many of these announcements that have happened even in the past, what has it been forty eight hours since the, you know, the Rockets and the Lakers deals and all these deals that's been floating around, because people are starting to realize, in the, the, exchange world that the exchange is the new bank, right? And, and how often do you change banks? So it's about legitimizing yourself if you're a company out there, that wants to, Show to the world that you understand where this is going, and you want to be first there, you have to get out there and you have to legitimize yourself and you have to partner with like-minded people, to make that available and get in, because as soon as you do, as soon as you experience that first Bitcoin purchase, you know, very, very rarely are you going to then go from Commonwealth Bank to ANZ or whatever it is, right? That's the, the next layer. So it is like a, it's a race to this point, you" }, { "speaker": "perth_heat", "time": "55:35", "start": 3335.14, "text": "To realize that, that folks have been waiting for an opportunity like this to say, \"Okay, this is our chance to get behind a, a organization.\" and it's been, it's, it's gonna be fun to see where those announcements go and, and to see where that interest has been, but like Steve said, it's, it's, we are open for sponsorship for, in Bitcoin. That's it." }, { "speaker": "stephan", "time": "55:54", "start": 3354.37, "text": "Yeah, I think that's gonna be a really cool thing to see, and, yeah, as you were saying, it's, it's a, being first is important here because you are the Bitcoin baseball team, and, now if someone else tries to do that, it's not gonna be the, it's not gonna have that same kind of ring to it, it's not gonna have that same kind of flair, and I'm sure, you will, benefit a lot from the press that will come, out of this also. So I think you'll get Anything else that, you wanted to mention about this? I think I've pretty much ticked off most of the things I was, interested to ask you. Is there anything else?" }, { "speaker": "guest_2", "time": "56:30", "start": 3390.39, "text": "No, I think probably, i-i-i-in a sense, if we're wrapping up, we, we just really wanna be thankful for the community who have embraced, allowing us to come in and, e-e-even, you know, terming ourselves as the Bitcoin Baseball team. We understand there's, yeah, there's a responsibility there as well. So, but yeah, it By tapping into the network to get us to this, to this point. E-everyone we have communicated with have been so, so supportive and, and, and willing to help and to educate and, to get us to this day. and we, and we can't thank everyone enough, you know, for, for giving us their time so generously. I, I, I've absolutely loved it. You know, Patrick's, you know, certainly more advanced, in his ed-education than, than what I have, but, you know, that e collective thank you, for everyone who we've come across so far on our journey, and then we'd like to say hello to everyone in the community, we, we, we are your Bitcoin base, Bitcoin baseball team, and we, we hope we represent you in a really, really positive light. so yeah, the future of sports has started, and yeah, we're excited by, by our journey ahead." }, { "speaker": "stephan", "time": "57:46", "start": 3465.58, "text": "Fantastic. Alright, well, let's leave it there then. And listeners who want to find you online, where's the best place for them?" }, { "speaker": "guest_2", "time": "57:53", "start": 3472.87, "text": "Online, yeah, a-a-a-a website perthheat dot com dot au, we're on, you know, obviously Twitter at perthheat and, and, and all, all the platforms. So, yeah, we, we look forward to engaging and, and moving forward. Fantastic. Well, thank you for joining me," }, { "speaker": "stephan", "time": "58:05", "start": 3484.87, "text": "Stephen and Patrick. Thanks for having us." } ] }