Starting a Cryptocurrency Company

Gone.

No miners, no electricity. Computers just

agree.

Computers don't agree. People don't agree.

I've been arguing with a stranger online since Tuesday.

Are you winning?

It's not about winning.

I'm winning.

Guys,

small question. Has anyone seen a piece of paper with a

password on it?

What's on the drive?

7,000 Bitcoin.

So, like,

a used Honda?

It's fine. I get 10 guesses.

Oh.

Nine.

I'll be there for you.

So there

for

me.

Okay.

I sold one loan company, I walked away from another,

I am ready for something calm.

We're replacing the global banking system.

Calmer.

You'd be CEO.

Who's on the team?

Me, Jed, and Arthur.

Who's Arthur?

He says hi.

Has anyone actually seen him?

He is a separate and distinct human being in his own right, but he is intensely

private.

It's happening.

What's happening?

No idea. I just like saying it.

You're spreading it too thin.

I wrote a memo about that.

Brad, we're starting a company. You in?

I've got a thing, file sharing. Give me three

years.

I did file sharing, got sued for 30 million.

Two and a half.

Whose kids are these?

They came with the apartment.

Excited to announce a strategic partnership

with the kitchen.

This is a payment corridor.

That's a hallway.

On-demand hallway.

A light switch has flipped.

Please stop doing that.

100 billion coins, all created at once.

Nobody mines anything.

Who gets them?

80 billion go to the company. We keep 20.

Nine for me, nine for Jed.

Arthur wants two.

And the right to build whatever he wants forever.

He out-negotiated all of us, and he hasn't left the room.

And me?

You get a salary.

That's silly.

Is this legal?

It's not a security. Who's asking?

Nobody,

yet.

My wife and I have a plan. If it ever hits 10 cents, we sell.

10 cents? Dream bigger.

If it were gonna be worth more, it would already be worth more.

Six.

What do we call it?

There's a guy in Vancouver. He has a name he's not using.

We're taking a name from a Canadian?

I asked. He said yes. He's Canadian.

You guys ever think about

space stations?

Jed,

focus.

Or a taco stand.

To the ledger.

To the ledger.

Institutional adoption.

Monica.

Monica.

It's a two.

Thanks, Arthur. Super helpful.