Podcasts: S5 E1: Bobby Lee on Ballet Cold Storage & Returning to the Real Bitcoin 🔗 4 years ago

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