African drums are talking over arid belt through forests sinister in their untamed beauty over steaming primeval swamp whose fever-ridden vapor holds the white man at bay over untold distances of undulating plane the drum notes travel eaten with distance and then reborn as village by village relays the message the drums bring you a story of Africa in the village of the leopard men the professor Jack Lorna and a guru saw a beautiful girl known as the witch of the moon apparently change herself into a leopard a feat which is supposed to be able to affect that will during the night the professor sees a leopard slinking outside his hut he is positive it's the beast into which a fobby the girl is supposed to change herself and to support his contention that the girl and the beast are two separate entities and guru Jack and the professor trail the animal they find it sitting on the roof of a hut just outside the village as the flashlight beam is turned directly onto it the beast starts to spring and the professor shoots at that moment and guru drops the light the snarls of the animal changed to the groaning of a woman and when the light is again turned on they find the fobby which of the moon wounded give me the light on guru hold her head up Jack nothing serious just grazed the side of the head any other marks no none sir nothing on the shoulders is down the back no touch on my head is all strange what do you make of it Jack I don't want to make up it sir completely at a loss I'm almost afraid to think in that case don't try to boy just accepted we shot at a leopard from a distance of 20 yards and turned into a woman but we all saw the beast was crossing there on the roof of the hut and again it that's the simplest thing to do yeah just before she faded she said we'd broken the law I yes and but it was written in the moon I want to get a good look at that hut if I be back to the village oh the white man she's coming out of it sir broken the law and if Bobby is dying I don't think so if Bobby you won't die as easily as that does the white man believe now possibly if you're hand away from that wound I'll dress it as soon as we get back to the hut then they're up Jack right and you walk a puppy the forest moves under my feet then I'm going to have to carry you wanna go to carry no woman well I have a good mind to make you do it for dropping that light if Bobby can walk white man good then we'll get back to the village see the way of hubby you know the ground yes white man shall I carry her sir he doesn't look really fit no Jack he's fit enough I think she wanted you to carry her that's why I suggested and grew up I'm wondering what her game is that wound in their head is look she's taking to that narrow path that's better than walking in this grass girl what made you drop that flashlight just when I fired one a devil him for a spirit runger I own a seat there's a mark on his wrist there's something it hit him no doubt at all that something did hit him must have been a very useful spirit club at all events although Lana standing at the door of a hot talking to someone looks like Malini the witch doctor wonder what he wants do you think there'll be trouble when he sees a Bobby's wound no I don't think so it's very slight where did you go father I think frightened I heard a shot and dressed quickly and the witch doctor called me out he said you'd shot a leopard and well the way he said it right now don't worry about it all right when to my honey Bobby white man you have broken the law how do you come by the knowledge so quickly Malini I have a medicine that tells me many things well then go to your hut and make medicine to tell you how a fobby came by her wound no bullet of mine is made it more jack get some hot water ready we don't in one infection to set in here it is I a taco what need you a taco the moon is about to set you should be in your hut I am a warrior I need no sleep what do the white people at this hour with a fobby she has a wound the big white man makes medicine for it is a trick of a fobby to be near the little white dog she has no eyes for me since he came to the village what would you a taco you cannot kill him the big white man is powerful and their black warrior has quick eyes but there are ways Malini you have no liking for these people no they are too inquisitive and they mocked my medicine but they shall learn that Malini is as powerful as the moon and that is medicines unnumbered with the grasses of the forest that may be what would you a taco you have seen how he fobby looks at this white man you have seen her walk before him you have seen how she took his brain that he may desire her in your wisdom Malini and the wisdom that was your father's before you surely there is a secret way yes there is a way come into my house and leave your spear in the entrance but it is a costly fetish a taco and the price Malini 50 rods and two bags of salt and because it is to your benefit as well as mine I will pay you half of that price it is well but no man shall know of the palaver or your death is assured no man shall know unless it be from your own tongue what is this fetish in the making it requires the blood of a cockerel fresh killed to that is added a measure of your own blood clay taken from the bed of the river of forgotten people when the moon is but a rind mixed with the blood and made into the image of the white man when this is completed my magic begins oh you have these things they are here the clay was obtained bummed hammer whose crops were destroyed five moons ago his enemy is now dead are you ready to begin I am ready then get me the chicken that sleeps in the corner the fire is low up knife I use only the knife passion by my grandfather in the fires of the great wizard hold the head over this ball it is done hold your arm over the ball it is enough this leaf will stop the bleeding hold it to the wound now a tail feather from the chicken see this powder it is the dried blood of an owl it shall carry my magic through the air to the white man I mix it in the bowl dig a daco dig with your fingers a hand span from the outer edge of the fire where you stand the clay is there give it to me put the body of the chicken in the hole and cover it that its soul may sleep in comfort it is done millini good face now the east dwells strongly in thought upon the white man for millini weave the thought into the image oh sisters of darkness from the shadow of the black mountain where rises the river of forgotten people send out thy power take the shadow of the white man in the name of usury walk over Teza Akili bring life to this image that it may feel the urge of death the word is spoken shimba see a daco the image is made what is there for me to do millini you shall take this image in your left hand with your right hand pierce it with this long needle working ever over each part of the body towards the heart have patience the sisters of the mountain will not be hurried remember from the remotest part to the heart and dwell strongly and thought upon the white man my oh millini I make magic that the sisters may be trying to impress us if Bobby and the witch doctor are excellent showman and I prefer to let her think we're impressed with her magic we might learn what she has in the back of her mind but I heard you tell the witch doctor millini that it wasn't a bullet that made the wound and Bobby says maybe I was wrong to have done it he's in the picture somewhere and it might cause some bad feeling for the life of me I couldn't leave him thinking he'd put one over on me I did it principally they're making them think I knew what was going on well what's the matter Jack I don't know why I got a little rheumatism my right arm your pain went through it just now the girls wound isn't bad is it father no it's mere scratch I don't think it was enough to have laid her out the way she's pretended did you know this is a bit what in thunder is the matter with my arm well you better get to bed Jack you need some sleep no it isn't that I well maybe I better lie down there stretch out boy here let me take your pulse you know sir I felt suddenly as if I'd taken a good beating you know manhandled normal no fever as rest is what you want can I get you anything dear if I put some hot claws on your arm it might do some good no I guess it'll be oh gee burning as if there's a fire in it seems to be going down my right side sir bring that lamp over here Lana give me your hand Jack you weren't bitten by anything out there at night were you I don't think so I didn't feel anything did you go by any of those poison thorn bushes I don't think there are any in this part of the country not the deadly kind how do you feel now my legs burning badly what in the world could have done it there are some minute indentations on your arm Jack is if a hypodermic needle had been inserted you think they're insect bites but then no insect could you never can tell about insects in this country Jack some of the deadliest of the smallest I feel strange my left foot seems to be dead I I can't feel a thing on my right side can be wrong father is there anything I can wait a minute on her he said the pain started in his right arm and went down the right leg then his left foot those marks in his arm put the light down here on the cap of his leg by George I knew it it's witchcraft


All right, well thank you very much for making it here this morning. I think a lot of you guys are probably feeling a little bit worn I'm gonna try and Keep it lively.  I got a lot of cool things to tell you about Before I begin I want to just thank Bitcoin unlimited and Satoshi's vision conference for inviting me here and all the sponsors It's a great a great pleasure to be here. It kind of feels like Bitcoin's second coming You know where it feels like the old days, you know when we were excited about honest money and and frictionless payments and You know how how Bitcoin is going to revolutionize things and we kind of lost of a track the fact that Bitcoin is always meant to be money. It's now become about investing and speculation and moaning and Lambo's and so on which is fun You know, obviously as part of an early adopter crowd You know, we we look forward to benefiting from our insights and our shrewdness and our wisdom. So we shouldn't we shouldn't You know Sort of look at that skew. We should we should appreciate the fact that as early adopters one day we might benefit from The price increases, but of course, it's not the the the whole thing, you know, it's not the whole story Sorry just a technical little story here No Yeah Okay, can can everyone hear me at the back? Is it all right? Okay good No, we've lost it. Oh, there we go. Okay. So anyway Thank you for that. By the way, Jeff Garzik says hi. He wishes he was here So if anyone was wondering so what I mean, okay so let me let me tell you about what we've been doing now sent be is a is a Company that has partnered with N chain and our intention although we we are based in South Africa We are a global company, you know, what we're doing right now is not specifically relating to Africa Although I want to give you the African story because you know for so many years Bitcoin was always the cliche Was that Bitcoin was going to develop in Africa? You know, there there are a lot of reasons to think that Africa is going to be that continent where something like a Bitcoin can really take off if you just think about Europe and the US and Asia. There's a lot of countries that have sophisticated payment systems And it's a lot much it's much more hard to sell to try and convince people in a country like this one to use Something like Bitcoin, but in Africa, of course, you know, there's a whole lot of reasons which I'm going to go over To to show you that it's not a cliche. Obviously all cliches are grounded in truth And there's definitely going to be a blossoming of cryptocurrency use and hopefully Bitcoin cash use and our intention Is to stimulate that now we're what we like to think of ourselves as a user experience Company we like to leave all that sort of technical complicated stuff in terms of protocol development to the real smart people a lot of them are represented here Here in this at this conference, but what we're trying to do is we're trying to make a Bitcoin cash actually usable because you know, it's the most important thing about Bitcoin cash is not that it's clever Or that it does everything technically well, but that people can actually use it and so this is what we've been focused on over the last few years and We hope to bring products and services to you that one day you'll be able to use but not just you because you're all smart and Savvy but your grandparents and your relatives who maybe aren't so sophisticated in terms of the technology so It is an African story But it actually is going to be an African origin story But it's going to eventually then move throughout the world and this is this is a what we can be excited about now What's really cool is that? Africans really love cryptocurrency. They really love Bitcoin cash In fact if you to go look at Google trends right now You're going to see that when you look for the term Bitcoin that South Africa is the number one And it's consistently the number one country that is interested in Bitcoin And I know that there's even a lot of South Africans here today So well done for for coming here, but also in Africa it's a very young country over 40% of Africans are under the age of 15 and it's a content where By 2020 and which is only in two years time now There's going to be 1.2 billion people and that is growing So there's a lot of young people who are very excited about the future who are all Wired into this new era of digital mobile devices and so on and also obviously there's this whole notion of leapfrogging I'm sure you've heard of it where Technologies that are entrenched in in countries like this one get skipped over for the new new technologies so this is why Africa is is Absolutely without a doubt and I was born in Zimbabwe and I grew up in South Africa And I can assure you that it's going to be a tremendous Continent in terms of growth and if you are thinking about Africa if you have businesses or if you are somehow involved in cryptocurrency and the spread of cryptocurrency even if you're from a technical point of view marketing point of view or Whatever Africa is a continent that you will get a lot of joy out of by being there by as a as a cryptocurrency Company myself or a Bitcoin cash company We are very excited about the potential that Africa has for this because of this leapfrogging thing now What's very exciting as well, you know is that if you think about Africans today, you know It's not that they have a mobile first approach. They have a mobile only approach a lot of Africans are getting into this digital space through the mobile device and in fact Africa is the second largest continent the second largest market for mobile adoption So they are really getting into devices and it's not just feature phones, you know with the rise of of cheaper smartphone devices Cheap smartphones are flooding into Africa and and people are getting into using this technology And also mobile money, you know, we have this The World Bank says that 80% of Africans are unbanked and we can see now that with mobile money Which is not a bank account. It's a it's a money that is attached to your mobile device There are more mobile money account holders now in Africa than there are bank account holders So this is something that Africans are very Used to this idea of money that is not connected to a bank that you don't use a card to access You don't have an account. You don't use ATMs. You actually have money on your mobile phone So for these reasons you can see how it's going to be a very easy sell to try and get Africans into Into cryptocurrency and again Bitcoin cash Although we keep on having to use the term cryptocurrency because they seem to be so many there And if you go to South Africa, you're gonna see things like this everywhere, you know, it's not just mobile money It's apps that actually allow people to pay for things at restaurants and so on using QR codes So again another aspect of Bitcoin cash right now is if you want to pay with something the ideas that you go and scan a QR code Well, this is what Africans are already used to so trying to get them to to a move into something like a crypto It's a very easy notion But another thing that I want to really stress here now, you know The narrative around Bitcoin cash has always been and Bitcoin has always been this idea that it's sidesteps Government it's it moves around regulators and they cannot control this and so on and that's really not this the narrative that we should be Driving now I'm a libertarian, of course, and I do think that free markets are the best sort of regulators But you know, that's just not the reality of the world that we live in today If you want to create a business and I'm sure if some of you have a crypto business You could you've probably had issues with banks who don't want to let you open accounts and so on You know a lot of the the volatility in in the prices of currencies today is always really down to the fact that It exists in a regulatory gray zone, you know Whenever you hear stories about China banning crypto currency Then you see the prices dump if a if a large retailer that starts accepting crypto currency Then the price goes up and the whole reason for that is because none of us are sure Whether or not these things are going to be legal and if we keep on pushing this idea that we don't care about regulation Then it's going to it's not going to lead us anyway There's the systems that exist in by in place today We need to work with with the those regulators and I've spent the last few years consulting to governments Doing a lot of education explaining to them that crypto currency is not something that is going to be anonymous and is going to Drive money laundering and terrorist financing, but it is something that can be controlled It can be regulated especially so this is just something that I would like to to emphasize here that yes Of course, we are all crypto anarchists perhaps But there's no way we are going to be successful in a Bitcoin cash world If we think that we're going to be able to work around the regulators We're going to have to be open with them and we're gonna have to try and educate them around these things Also, you know what I have found as well now since I've been involved in the space is that Africa is actually a really great place In terms of how regulators think about a Bitcoin, you know They first of all one of the most important things is that they don't really have this sort of skills or the capacity To be able to enforce the regulations around using Bitcoin cash But what they have started to realize and especially if you are now trying to emphasize this idea that Bitcoin Isn't something that is going to be this dark market tool forever But can be legitimized in real businesses is that they're starting to think of it as a financial inclusion tool now I said that a lot of Africans are unbanked at this time and Governments at the end of the day are there to serve the people. I know that they have their agendas It seems that they are sort of against the will of the people but what what we are finding is that that Crypto currencies and Bitcoin cash is a really great tool to bring financial inclusion Because we as we see you know, it's very difficult to make a digital payments If you don't if you live in a cash economy, and if you don't have access to banking So what we have in Africa is this idea that it's now going to be a tool that governments can actually allow their businesses and people to use and That's a really great angle to think about if you think about how can we now allow regulators to let us do what we want to do Also, you know, of course, it's gonna be always difficult to regulate the protocol You know, it's not possible and I think if you are if you see if you work with regulators You know a lot of the time you'll say listen Bitcoin can't be stopped. It can't be controlled But that's not where we're trying to focus The control or the regulation of cryptocurrencies if you think about peer-to-peer file sharing You know when BitTorrent came along You know, it was always this this this fear from the the music industry and the movie industry that that would basically Destroy them because it's impossible to stop people from sharing files But what we found it was that instead of trying to clamp down on file sharing what they did was they started Legitimizing digital downloads So we had iTunes and Spotify and so on and by legitimizing the businesses Then we could have these new business models where now it was possible in a file sharing world to create value around digital file sharing and actually have Companies that could create Products that we could use and governments could feel happy with so this is going to be exactly the same thing for cryptocurrency They're going to be able to come to a business and say show me or who your customers aren't so on now Of course that might make you feel, you know That it's against the whole ethos around cryptocurrency that that they should never be this the situation where a government is Demanding to see your transactions But again, you know, we live in this world and I would dearly love to see a world with less regulation But until that time comes this is going to be the only way that you can move forward and you can bring these products to your Customers and allow them to use cryptocurrency by saying I'm going to at least comply with whatever the regulations are of the country But now another interesting thing and a very cool thing about Well, I guess it's a great for a crypto business is that Africans need Cryptocurrency, you know, obviously the the most famous idea when it comes to money is the hundred trillion dollar note from Zimbabwe And we see how in Venezuela right now. There's this hyperinflation that's going on and hyperinflation is a real The thing that's happening around the world and I do think that most currencies around the world They're probably gonna start hyperinflating soon anyway, but this is just a small aspect of it It's not about really protecting against hyperinflation although of course as a sound money It is but in Africa We have a lot of people who live in different countries and come to countries like South Africa Which is really the economy economic powerhouse of Africa and a hundred billion dollars is moving through the continent every single year hundred billion dollars and Africa actually has the most expensive remittance corridors in the world, you know You can on average upwards of 15 percent to move value through the continent So this really does represent a fantastic opportunity if you're now trying to create value The whole idea of remittance where we can now really drastically bring down the costs of Of the remittance also, it's not just using traditional or formal methods the money transfer operators like Western Union So on a lot of that money moves across in suitcases and so on with with the unreliable People and there's a lot of risk in that so this is a really great opportunity here So what is it that sent be is doing now I said to you that sent be is all about use experience So what we've been trying to do is think of the ways to get people into cryptocurrency and specifically Bitcoin cash because we Or we are a Bitcoin cash only company so getting Bitcoin cash holding Bitcoin cash and Spending Bitcoin cash because without being able to spend it It's worthless no matter what anybody says if you are just sitting and huddling on your your coins and not using them You have nothing of value So we are really trying to make it easy for people to get it to hold it and to spend it And I'm gonna now show you some of the products that we are working on over here And I'm gonna give you a very interesting thought at the end and some things that's going to be for you Because we're not just thinking about our own business and and our own IP But we are we are actually thinking about the community at large But one of the the difficult things about cryptocurrency in the first step when it comes to cryptocurrency is where do you get it? Now right now I'm sure many of you are used to using Exchanges if you're lucky enough to have an exchange in your country that is reliable and so on you know But that is a real barrier to entry if you want to get cryptocurrency You've got to log on to an exchange you have to understand how the order books work You probably have to EFT money into that exchange And so on and that's a real barrier to entry for the for the majority of people So if you're going to be trying to get people into cryptocurrency and you can't physically go and hand it to them yourself You have to try and think of new ways to bring cryptocurrency to the vast majority of new people that are going to be coming into the space So what we have at the moment is we are now creating voucher products So you can now go and buy cryptocurrency at a retailer with cash over the counter. We've got two kinds We've got gift card vouchers So similar to iTunes gift cards and then another kind which is basically just a code that gets printed on a till slip And this is going to be a real way that we can get cryptocurrency into the large majority of people's hands where they can really just walk in with a handful of of a fiat currency and exchange it for a Cryptocurrency, but really the most important thing is sent be is a is a wallet now I know that there are many wallets out there But many of them most of them have the same problem they're kind of built for people who understand crypto or have a sort of technical mindset and Again, the only way we're going to be able to get people to use cryptocurrency is by really Dumbing it down to the most Burst and most basic aspects of what it is if you are creating a wallet as we are doing which works like the social media apps that Exists today like WhatsApp and Twitter and so on then you are on the right path because that is what people are used to And that's how they are going to engage in it So I'm going to give you a few screenshots by the way if you go to our website sent be comm then you can sign up and We hope to release an open beta on testnet next month. So you can then get it into your hands I'm going to show you some of the features that we have In the in the app, but we're not going to be releasing right away We want to just release the bare bones and I'm going to show you some of the features of the bare bones But these are the things that we are now going to be building into our wallet and we hope that all of you use this wallet I know that again, you know, we're an African company, but we're not, you know We're building a global product along with the in-chain So this is going to be something that I hope all of you have as an alternative if you have a Bitcoin comm wallet or so on Try sent be I think that you're going to you're going to really like it I'm going to show you some of the things that we have there So the first thing that we're doing and and really a crucial thing when it comes to your wallet is making it social You know, if you want to now bring your friends into Bitcoin or if you want to engage or with your friends and Communicate with them much the same way that you communicate with WhatsApp if you want to exchange value with them You've got to bring a social element into it and that's what we've done And I'm going to show you what that looks like in a minute But more importantly we are doing merchant payments as well at the end of this I'm going to explain to you what the merchant payments and that's for you So we have the ability to make direct payments within the wallet Also, what we have and this is because of Africa is we allow people to have Bitcoin cash in their wallets and Directly send it to a mobile money user. Now if you've heard of Mpezza or eco cash Those are the dominant mobile money operators in Africa So what we can do is if you have Bitcoin cash, you can now send it directly to a mobile money user And that's going to really bring down the costs of Remittance, you know We can we can send money cross-border at a fraction of the cost and of course this is this is that that space that regulators Get most worried about but because we've been engaging our regulators, they're they're not pleased that we're making the right sort of Putting the right sort of compliance in there. So we're gonna be able to do that as well And then other things, you know, you want you want Bitcoin cash to be usable So we allow to buy airtime and data also pay for gift cards and vouchers and so on Utility payments, you know, one of the things is being able to buy electricity This is a thing that happens in Africa and then do the ability to donate electricity and I want to quickly explain to you what this is now About a few years ago. I created this technology which allowed people to directly for energy Using Bitcoin and that didn't work anymore because it's Bitcoin So now we're using Bitcoin cash But if you want to know more about the story about how we created this This pilot where the school foreign donors could directly donate energy to the school Just go on to YouTube and search camera of TEDx and you're gonna see the story about how we got The foreign donor to directly fund the energy of this little school in Soweto in South Africa So what we're gonna do now is actually put that into the wallet where it will be a function That's called turn the lights on and if you've got any loose change in your wallet If you've got a few little milley bits or little satoshis lying around You're gonna be able to directly send them to a school or hospital in Africa and turn the lights on So please search go and have a look at that video and you can see what that's all about Now let me quickly show you this the wallet because I don't have much time So again when I said to you that we're dumbing it down. We are really really really dumbing it down this notion of addresses Confirmations and so on it's a very difficult concept for most of the people out there So we're stripping that out what we have is we've got this is the the home screen of a cent P We've got some basic functionality, but most importantly, this is our Contacts page. So what happens when you sign up on sent be there's no registration by the way There's no email address or anything you have to put in there But what happens is it looks through your contacts and it finds other people that also have sent be wallet and then you can just Select your contact and you can then go and send money to them without having to know their Bitcoin information They're Bitcoin address information. So this is going to be what we think. Thank you This is what's going to be a part of the the wallet Straightaway, so if you if you don't know the wallet next month You're going to be able to do this this feature and then also another feature that's going to come later on is chat So, you know, we really we're quite excited to maybe even compare WhatsApp or WeChat or something like that That we know you've got to have big ambitions in life But of course it works just like a normal Bitcoin wallet So, you know, you've got your address information and so on and later on we're going to bundle in the other features That we've been talking about but now I'm going to finish off on the most important thing and this is going to be something that is a community driven thing Thanks to NChain, you know, we've been working on Merchant acceptance now This is going to be the most critical thing when it comes to Bitcoin cash adoption in the world And we've heard it already today This is this is the theme if we can get merchants to accept coin cash We are going to be mooning our coin cash and driving our Lambo's in the few years time So this is going to be the thing that is going to be the focus of Centipede in the months to come what we are building is and this is another thing about merchants is that it's not really about cost That's not really what drives them. Although, of course, it's important speed, you know If you were the last few days trying to pay with Bitcoin cash Yes, it's fun and you know scanning the QR code, but it doesn't take one second to make that moment It takes a few seconds or even a minute even buying Bitcoin cookies here. It can be complicated So what we are doing is we're building a lot of technology which integrates into existing point of sale systems And that works just like a normal point of sale So what you can do is you can go and tap and go on your phone using NFC to be able to make payments Directly, but what we're going to be doing is we're going to be open sourcing all this technology And we're going to be releasing it to the community because it's important for us that merchant acceptance grows throughout the world not just us Also end chain as well end chain have a very strong focus on merchant acceptance So we're going to be open sourcing all this technology and any one of you can become an implementer of the merchant system and Hopefully you can contribute to the project as well You'll be able to earn fees if you are the process of using the technology And we hope that this is going to start driving merchant acceptance because that is a real problem And we're going to make it another very important thing is you know retailers hate to learn something new that I hate to train Their staff and they and and so on so this is going to be an experience that works exactly the way retailers already Understand their point of sales. So that's going to be what we're going to be releasing to you and hopefully then we can turn this very dark world into a Bitcoin cash world and Completely change how things work. So I think that is going to be it what I'll do is I'll leave it there That was just a little introduction Into what we've been doing please follow us and And also when the when when the system when when sent be is fully launched, please download it and use it I'm sure you're gonna love it. And also if you're a technical person, please Join up we'll on our newsletters and we're gonna let you know when the software is out And you can start contributing and changing the world along with us, but thank you very much for your time Yeah Three three Oxygen all right Bitcoin cash oxygen. Okay, do we have any questions worthy of lawyer's presentation? So you guys are doing very good job I I have a question for your Nick for your application or mobile you you said like you will build a word for People who don't know to cripple currency. So I so when I so what can you hand about? recover was If they they lost all their phone can I connect back on their money? So what we do is it's a light client. So you you you have a mnemonic phrase. It's a 12 word phrase that you so people still Write the face. Yes, exactly. We don't keep anybody else What happens is you it works just like a cope or Bitcoin.com wallet You've got to put in a 12 word phrase and then you write that down and that's your recovery phrase So we're not we're not like an exchange. We don't hold any bitcoins for anybody.  Okay, so I think that people don't know about crypto. It's quite confusing Absolutely, I know it's a very I mean we wish we could do away with that and we know that whenever people sign up You know putting those 12 words in it's extremely complex I would love to know if there was another way we could do that Maybe you can try the mobile phone number It will That that's that's look how the money back you see we don't want to have any Access to your mnemonic. So You know if it was just a mobile number then we would have to have some kind of control over that and then we'd be custodians So we definitely don't want that. It's it's an ongoing problem You know the mnemonic really is the only way that we can see right now. That's the easiest But we hope that in the months and years to come people figure that out. Okay. Thank you. All right Thank you We have a question to the front We are building the same vision wallet like the simply easiest wallet for people because the current wallet apps are so Complicated and mnemonic phrase is too complicated and I want to ask you about the adoption in Africa The internet connection is not for everybody in Africa and people are buying data every day But internet connection is necessary for Bitcoin wallet app so what do you do about it and I actually went to Zimbabwe in this February and I saw the situation there and People are having a smartphone many people are having their own smartphone, but they're Data storage it's short of so people cannot download the new app because of the storage is full with their Pictures and they cannot they don't want to delete their pictures. So what do you how can you? Make them download your app and what is your strategy with the people in the Africa to download your app and use your app Well, I mean that yes, I guess there are a lot of people that do have a data access problems But I think that's changing. That's the one thing that we see that is growing well in Africa is mobile adoption and 3g data So, you know, that's that's how actually it's growing. It's it's it's you know The mobile the mobile generation generation, you know, it's all about financial digital inclusion You know crossing that digital divide. So that's something that we we don't really see as a problem going ahead into the future We see that that is actually a one positive thing about Africa right now is that it's really becoming a Mobile a continent, you know where a 3g operators are moving in and data costs are coming down So that's that's something we don't think is going to be an issue in the coming up I think your philosophy is very good. You guys are doing great work You had mentioned something about earning earning fees potentially for gaining merchant adoption I was wondering if you could elaborate more on that Okay, so we're building the the the the merchant technology What you would have to do is you would have to go and implement that technology and act as the What happens is a customer will point cash You still have to then exchange that one cash into local currency and settle with the merchant unless the merchant accepts Coin cash, which it's that is going to be a long time before that happens So what you could do is you could take the You could go to your own merchant and you could implement that technology and then act as the payment gateway or And then charge a fee to your merchant to be able to exchange the cash Local currency. Thank you. Yeah. Thank you. All right. You have a question over there You just got to talk into it. Yeah, there we go. Thank you so much. That was really thrilling You mentioned that there's a fast uptake of smartphones across Africa But I'm really curious about your exploration into using feature phones as well. Yeah Have a feature phone ussd Remittance product where somebody can buy a voucher cash voucher and then using ussd Directly send that to a mobile money recipient on the other side. So we are thinking about feature phones We like smartphones obviously because it's richer and more interesting. It's absolutely other feature phone Opportunities there and we've seen how with coin text, you know, how that's becoming interesting So absolutely, we definitely thinking Thank you very much If if if I wanted to help you to promote this product like in Japan or something What can I do? I guess you can people about it? Maybe have a meet-up Tell them to go to our website Come speak to Heidi over here. She's our marketing person. Yeah, she'll let you know Why do you emphasize compliance so much Does that necessarily do you think that necessarily means your reach on network in fact in Africa? Because an argument can be made that actually the black market is more valuable in pursuing a network effect and in the emerging markets Because I you know, I saw the how File sharing developed, you know, it used to be that torrent traffic on the network is 70% I think this was in 2007 70% of the traffic was and now it's less than five Services like Netflix and so on and also work so closely with regulators I've realized that the only way I can get And have a business that adds to value to my customers is Now it's not that I'm you know, like over and you know, I realize So to put it in that way because I think I think that is the kind of Idea that if you are if you are compliant if you are if you are accepting a regulator, you know To walk all over you then you're giving up, but I don't think so I think that what we are doing is it's the only way that we're going to be able to drive this forward now Of course, we again, we're looking towards a future where there is less regulation But until that time comes We this is the only way that you can have a business that has a bank account that is allowed to Directly advertise your customers and to be able to get critical mass until everybody is using Bitcoin cash Until that time you're going to have to Tow the line you're going to have to make them feel comfortable and and also a regulation isn't a bad thing because it really gives your customers kind of trust You know or confidence, you know if you you come out as a business that says look I've been approved by my regulators then your customers can feel okay These guys are audited or being checked, you know or you know, they're not just scammers that are going to be here today And gone tomorrow It's just how the world works and if we are trying to constantly fight against that wave You're not going to succeed. So we want to drive this forward. So until that comes we're going to have to tow that line Thank you, Laurie and all right. Let's give it up