S5 E1: Bobby Lee on Ballet Cold Storage & Returning to the Real Bitcoin

Published: April 30, 2020, 10 p.m.

b'Bobby Lee talks about Ballet Wallet, his return to the real Bitcoin, meeting Bruce Willis, debating Nouriel Roubini, and onboarding nocoiners with a skewmorphic object that they can understand. 00:50 \\u2013 Introduction 2:00 \\u2013 How Ballet was created 3:16 \\u2013 Ballet REAL vs PRO 4:55 \\u2013 BIP 38 in Ballet PRO 7:30 \\u2013 How Charlie Lee gifted Bobby a Casascius physical coin 9:27 \\u2013 Skewmorphisms for nocoiners (a physical card is easy to understand) 11:20 \\u2013 How does the Ballet app work and how does it improve on the Casascius and BTC Mint model? 15:41 \\u2013 Ballet is not for experienced bitcoiners, but nocoiners who had no previous exposure with BTC and need to learn how it works 19:37 \\u2013 Ballet PRO as a gift where the giver is the trusted third party 21:00 \\u2013 The Bruce Willis story (and how his daughters received BTC) 23:40 \\u2013 How did Bruce Willis react? 24:40 \\u2013 What Adam Back, Trace Mayer, and Tone Vays thought about the Ballet wallet 28:40 \\u2013 What is the maximum amount that should be stored on a Ballet Wallet? After which threshold should users look into more sophisticated storage solutions? 30:53 \\u2013 Can Ballet help incentivize more people to run Bitcoin nodes? 34:30 \\u2013 Which competitors does Ballet have? 36:55 \\u2013 Bitcoin onboarding and full nodes 38:48 \\u2013 Does Ballet compete with mobile wallets? 41:31 \\u2013 Does the Ballet come in a 3-pack? 42:40 \\u2013 How did Bobby Lee come up with the name \\u201cBallet\\u201d? 45:10 \\u2013 Bobby Lee\\u2019s comeback from the big blocker camp and why he returned to the real Bitcoin 46:37 \\u2013 BTC actually has bigger blocks on average 47:05 \\u2013 The network effect of Bitcoin 47:30 \\u2013 Why the Ballet was created and Bitcoin\\u2019s use case 49:39 \\u2013 Bobby Lee\\u2019s debate with Nouriel Roubini 50:40 \\u2013 Nouriel Roubini is a Bitcoin maximalist 52:10 \\u2013 Closing comments'