Michael Terpin

And I've tried to explain that to investors.

You know, very smart people who are investors successfully in real estate, in commodities, in tech startups, and they never quite got there.

what I was talking about, maybe because they didn't understand the white paper.

I have the white paper in my book and I annotate it because sometimes people will get thrown off by the equations in the middle of it.

That was just showing off to other cryptographers.

I mean, the juicy stuff is in the first and the last pages.

And if you just read that and understand what he says, you can see that he really created something novel that, you know, is changing the world.

And it's not so much about what you can buy.

So Satoshi's original vision, peer-to-peer cash, failed.

But it enabled what has become peer-to-peer cash, stable coins.

If there was no Bitcoin, there would be no Tether.

And I helped with the launch of Tether, too.

Wow.

And, you know, and the people who launched it originally in the United States, you know, in Santa Monica, California, Brock Pierce and Reeve Collins and Craig, the CTO, Craig Sellers, you know, they ended up selling it because they're afraid of regulation.

So they sold it to Bitfinex, which then spun it off to it's now out of El Salvador.

Right.

And the people who ended up buying it and now running it are now multibillionaires.

Crazy.

And, you know, I mean, the idea that Brock had originally was just, you know, hey, you know, have a coin that can be used to have a U.S.

dollar equivalent because in the early days of trading, you know, you had to go and if you wanted to go buy Bitcoin and trade it for Ethereum or trade it for Litecoin or whatever, you know, you had to go and it would take sometimes two or three days to go and settle through a bank account if you wanted to arbitrage between