September 28, 2023

Bitcoin Staking? Crypto 2023 and AI-Powered Aviation

57 minutes

I'm very proud of this episode and enjoyed listening to it myself after production. We had some phenomenal guests including David Tse, Ashton Addison and Stuart Bullard. Enjoy the show!

David Tse: Known for his significant contributions to information theory and wireless communications. He is an academic and has been a professor in the field of electrical engineering, with numerous publications and awards to his name. We talked Bitcoin and Staking.

Ashton Addison: Recognized as a passionate blockchain and cryptocurrency enthusiast, Ashton has been deeply involved in the space for several years. He's known for his role as host of the 'Crypto Coin Show', where he discusses the latest trends and updates in the blockchain industry.

Stuart Bullard: CEO of Fly Air Inc. Fly Air's App incorporates voice activated jet reservations and artificial intelligence into a one easy-to-use mobile application

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00:05:26 - "And so we have always been thinking, is there interesting ways of innovating on Bitcoin while not requiring a soft fork or upgrade and adding an opcode?"

00:07:43 - "Staking now is almost a hundred billion dollar business."

00:10:41 - "Someone should be able to remove that collateral and say, burn it."

00:13:58 - "So very importantly, everything can be cryptographically verified."

00:14:46 - "However, for this particular use case, Bitcoin staking, which I think is a very important use case, you don't need all the flexibility of the bridging, and so we can get by with a trustless solution."

00:18:26 - "It's been a crazy, crazy year as we lean towards like the end of 2023."

00:22:27 - "they realize, hey, maybe we should actually look for an MVP or product market fit or customers before we start throwing our capital into something that has AI in the name."

00:24:53 - "Yeah, that's a great way to pinpoint for the historians 50 years from now that are listening to the show looking back. This year was the year that the crypto natives got comfortable."

00:25:55 - "The initial takeoff of BASE, it launched and the first two things to come out were this meme coin here and there, Brian and Ball's meme coin, which we saw some people on Twitter had bought it and became millionaires overnight."

00:28:16 - "It's amazing to see that the true people that have their heads down building are, for the most part, remaining unfazed by it."

00:32:02 - "I like asking the tough questions."

00:33:53 - "They just want to be like, they just want to see the big mouth influencer with like, leverage 100x."

00:36:17 - "It's that industry that we've gone back into the 60s, where back in the days before our time, Charlie, is that you put a nickel in the jukebox and you listen to one song."

00:40:32 - "I don't know about blockchain, but what do you know about it?"

00:43:06 - "Private aviation throughout the years that I was doing charter, the loyalty went away."

00:46:31 - "Then the other thing was, the industry and the private jet side started doing shared group flights."

00:49:06 - "It was a good revealer of another business model, and it also put like-minded folk together to fly together, share their experiences together, and we found out that that was a win situation."

00:52:21 - "We feel like we can build something that's very solid and we can introduce it to the aviation community, the aviation community uses it, and then basically the community feels very comfortable with it."

00:54:40 - "I think it's like a personality trait of some people are willing to go over the cliff and look over, and then some people like me are willing to podcast about it."

Thank you for listening to The Charlie Shrem Show. For more free content and access to over 400 episodes, visit www.CharlieShrem.com.

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