S5 E1: Bobby Lee on Ballet Cold Storage & Returning to the Real Bitcoin
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 – Introduction
2:00 – How Ballet was created
3:16 – Ballet REAL vs PRO
4:55 – BIP 38 in Ballet PRO
7:30 – How Charlie Lee gifted Bobby a Casascius physical coin
9:27 – Skewmorphisms for nocoiners (a physical card is easy to understand)
11:20 – How does the Ballet app work and how does it improve on the Casascius and BTC Mint model?
15:41 – Ballet is not for experienced bitcoiners, but nocoiners who had no previous exposure with BTC and need to learn how it works
19:37 – Ballet PRO as a gift where the giver is the trusted third party
21:00 – The Bruce Willis story (and how his daughters received BTC)
23:40 – How did Bruce Willis react?
24:40 – What Adam Back, Trace Mayer, and Tone Vays thought about the Ballet wallet
28:40 – 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 – Can Ballet help incentivize more people to run Bitcoin nodes?
34:30 – Which competitors does Ballet have?
36:55 – Bitcoin onboarding and full nodes
38:48 – Does Ballet compete with mobile wallets?
41:31 – Does the Ballet come in a 3-pack?
42:40 – How did Bobby Lee come up with the name “Ballet”?
45:10 – Bobby Lee’s comeback from the big blocker camp and why he returned to the real Bitcoin
46:37 – BTC actually has bigger blocks on average
47:05 – The network effect of Bitcoin
47:30 – Why the Ballet was created and Bitcoin’s use case
49:39 – Bobby Lee’s debate with Nouriel Roubini
50:40 – Nouriel Roubini is a Bitcoin maximalist
52:10 – Closing comments
00:50 – Introduction
2:00 – How Ballet was created
3:16 – Ballet REAL vs PRO
4:55 – BIP 38 in Ballet PRO
7:30 – How Charlie Lee gifted Bobby a Casascius physical coin
9:27 – Skewmorphisms for nocoiners (a physical card is easy to understand)
11:20 – How does the Ballet app work and how does it improve on the Casascius and BTC Mint model?
15:41 – Ballet is not for experienced bitcoiners, but nocoiners who had no previous exposure with BTC and need to learn how it works
19:37 – Ballet PRO as a gift where the giver is the trusted third party
21:00 – The Bruce Willis story (and how his daughters received BTC)
23:40 – How did Bruce Willis react?
24:40 – What Adam Back, Trace Mayer, and Tone Vays thought about the Ballet wallet
28:40 – 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 – Can Ballet help incentivize more people to run Bitcoin nodes?
34:30 – Which competitors does Ballet have?
36:55 – Bitcoin onboarding and full nodes
38:48 – Does Ballet compete with mobile wallets?
41:31 – Does the Ballet come in a 3-pack?
42:40 – How did Bobby Lee come up with the name “Ballet”?
45:10 – Bobby Lee’s comeback from the big blocker camp and why he returned to the real Bitcoin
46:37 – BTC actually has bigger blocks on average
47:05 – The network effect of Bitcoin
47:30 – Why the Ballet was created and Bitcoin’s use case
49:39 – Bobby Lee’s debate with Nouriel Roubini
50:40 – Nouriel Roubini is a Bitcoin maximalist
52:10 – Closing comments
Activity