YouSaid · the spoken record

Justin Rezvani

lines on the record: 79
first: 2023-02-01
most recent: 2023-02-01
sittings or episodes: 1
sources: podcast

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“I am looking for people that want to technically come on this journey with us. And I have a long-term outlook of this business. And so we always need support in that. But you can find me anywhere. It's Justin Rosvani. I'm on Twitter. I'm on everything and I will never ask you about investment advice on any tweets. I'm verified on every channel, so even Instagram.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, so our website is pretty simple. It's just zion.fyi and our app is available across, you know, at this point, probably when this gets released across all the available app stores, all the docs are going to be available. Our GitHub gets Zionub.com slash Get Sion. You can find me anywhere if you Google my name, Justin Razvani. I'm graciously allowed to be on so many podcasts and I talk about the company all the time in so many different places. I will say one ask I do have is that, you know, as we're growing, we are looking for some more technical leadership to help me run this business. And I think what's really blessed about Zion is that like we're very well capitalized as of next week, we will be profitable, which is unheard of in this world. That is unheard of. Yeah, we're making quite a bit of revenue and we're making quite a bit of, you know, movement in the space.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“To me, the money side of it is the most important. None of this works without Bitcoin. And I think that's what we always have to remember. It's like. It won't work without it.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“No matter what you do, Solana is a walled card because you have to use its token, its database, its way to store things. It's just another version of Facebook, but it's not like interoperable in any way just because you can read and write. The question is, can you read, write, and change the code? Can you change the elements of the code? Can you improve the code in the way that you want to do it? And I think that's the hope for what Web5 is, is these primitives that I described. The primitives they're focused on is the identity piece and the decentralized web node piece, which is the data storage, we are adding this element of lightning. Like I think that's what's unique. It's like there's no payments in the Web5 spec, but we added that into our version of it and our version of what social looks like. And that's kind of why it's in our docs in that way is like.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, I don't actually know of this version, but it's a marketing term to build a distinction where you can own your identity. You can own the way messages flow. And it doesn't have to be through a token or it doesn't have to be through a blockchain. The elements that are built on Web 5 and the authorizations of Web 5 have all the principles of you being able to own everything, but don't involve a blockchain and don't evolve their own tokens. I think that's the separation is that there is this opportunity for true interoperability for the next version of the web. And if we think about it, all the promises of Web3 really is the same thing as Web 2. It's just like, oh, it's a blockchain instead of a database, but it's still a walled garden. No matter what you do, Ethereum is a walled garden.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, I don't want to quote Jack. I don't want to say something that like, but my understanding of it, because this is a term that was coined by Block. And I think the vision was that they wanted to separate themselves from Web3.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Imagine Instagram, but you can take your followers and connections with you at some future point, and you could never do that on Facebook and you could never do that on Instagram. You could never do that on Twitter, no matter what you do, you can never, because they're not your followers. They're not your anything, right? Like, you know, you've amassed an incredible audience. But unfortunately, like you don't own it, and at any time, it's so harsh to say, but like they can take it away at any time. Our goal is that the connections that are made are not through a centralized service. That's the vision. That's the hope. That's the goal of using DIDs, decentralized web nodes. Eventually this new protocol and the Lightning Network.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think that's been my entire thinking is like, well, take it to a certain point, but in order to build good throughput through output, sometimes you have to centralize things. And there is a bit of trust. But the point is not about the level of trust in step one. The question is, can you leave, right? Imagine Facebook, but you can take your followers with you.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And then our waitlist had hit 10,000. We couldn't put nodes on fast enough when we realized like, you know, we can't scale this thing in this way. It's impossible to scale to where we want it. And now we're almost ready to put this other version out. And we have over 61,000 people that have been knocking and saying we want to be on Zion. And we knew that if we did it this way, it would never scale because imagine instantly a hundred thousand people instantly sending a message. Instantly uploading a photo and instantly uploading a video, instantly sending sads to each other like when the networks get that big, the concept of decentralization kind of falls away. So the question is, what can you build it sufficiently decentralized?”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So there were 17,000 nodes, and I think over 3,500 of them was our nodes. Oh, wow. Of the total nodes in the entire network.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Do the heavy lifting, yeah, of course, and certain craters just like they weren't prepared to do that. That's what we also learned very early on is like one user, one node, one channel, like we got to, I mean, I don't know if you know this part of the story, but like in the first six months, Zion became 13% of all the nodes on the Lightning network.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Eventually, you'll be able to take that and host your own DWN because your DWN can host photos, videos, other types of objects. And that was the vision of why we chose this particular technical pattern. It was ready for heavier objects than files”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And I think that's kind of why the decentralized web node pattern for us made a lot of sense because every community, so what's going to happen in the next six months is that when you start a community on Zion, which is a completely separate thing than your profile, that will be its own distinct decentralized web node that then we will host for you. And that's kind of where we're making the feast per month.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Is allowed for us to post. Right now, you can go into your profile, you can post up the five photos or five videos inside of a quick little carousel, and now it's in your profile. And I can go follow you and send you 100 stats for that instantly. That's kind of a new unlock that we couldn't do. You know what I mean?”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And that's like that's one of the things that I think was very important for Zion and why we like, because we did explore Noster very early. It's just that it was too early for us because we couldn't post photos or videos. And like our creators and the people that we work with, like our investors. They're a video centric creators. They're photo first creators. And we said, hey, do you want video or do you not? We want video. You've got to have video. We've got to post memes in our communities. And we said, okay, we got to do it this way. But that will fall along and we'll eventually catch up to that other one. So that was like another reason why we chose this technical pattern.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Of course they are, but how come like and I see this on Instagram or on Twitter all the time like I would send 10 sats for that oh yeah so funny is hilarious how come there isn't how come there isn't a mechanism for that element and that element of being able to do video and photo”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“This is really cool. Or the idea that to me, like these are the ideas that are mind-blowing is I'm a creator. I'm in a community and I post a meme. And this meme everybody loves this meme. And everyone sends me 10 sats for this meme because it's super funny. And then instantly in the same application, not leaving the other app, I can go buy a hamburger in El Salvador with the money that was paid for the meme instantly with no bank in the middle. That to me is an unlock that we have not seen yet. And to me, that's the brilliance of this like what is the crater economy become is like. Well, I can become this professional meme poster. Someone can pay me instantly at an instant finite settlement and I can go buy something within 10 minutes.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And at the same time on the other side, anyone can generate a payment invoice across that interoperable network in any country without anyone in the middle. I can scan an invoice and pay it through a social network. Like to me, that's like, holy, like it unlocks that thing that you're just like.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and I think that just the point is I think there's a lot of smart people trying to solve these problems. And I think what we'll see, what I hope to see is that The next one, the next one that becomes the one will be this interoperable thing that will allow for, and whatever the next one is, I don't know if it's us, it's them, like we don't know who it is yet. But that's what I'm really hopeful for. And the reason is because the money is interoperable. To me, the brilliance of like, like, Zion is not special, right? But the moment that you could hit the button fund. And then you could choose 200 applications that are available That you can fund that wallet with, and we have no relationship with a single one of them through an API or whatever, that is brilliant”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“5,000 people here and 3,000 people here is not a competition. When it gets to 20 to 100 million, that's when you're competing. That's where it is, and there's no need to fight. We're all on the same side trying to do the same thing. We're just trying it in different ways, right? And I think that's the one thing that it's kind of, I've been seeing like this kind of adversarial thing across the Web5 versus No Servers is like, I don't know the difference, guys. We're all trying to do the same thing. It doesn't matter. We're all trying to do people were spending.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Like the thing I don't like on Twitter is when some people get all competitive and they get their egos built in like, oh, my thing is better or my thing is better. It's like everyone's got to just relax and realize like, first of all, nobody uses this stuff yet. So you guys are competing for a non-existent thing.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Let's get information everywhere across all these other informations, all these other places and across all these clients. So I see how I think that that's how we will eventually implement it. But I think we're a ways away. And I think that it's still very new. All this stuff is still very, very new. So we don't know who's going to win. But what I'm hopeful is I think the zeitgeist cares about this stuff, right? Like they care about it a lot. And thinking about it every day. And I really see an incredible compliment to everything that we're doing. I don't see like.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And what we will use it for is that when you publish content inside of a DWN or inside of a community, you have the optionality to also publish it to No Stir. And now other clients can capture those communities' content in a new different way. If you think about it, as far as I understand, it's really about publishing. That's really what Noster is really good at.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I had a wonderful conversation with William, which he's building the DOMIS client. One of the things I told them in our meeting was like, man, I'm a marketing guy. And for me, it's all about I want creators to have communities. And I don't, what I don't know is I don't know what the right protocol is. Like I don't, you know, I have an idea where I think the right thing is, but I'm not that smart. I don't know which is the right thing. But I know that we're all trying to do the same thing. We want freedom. We want freedom of information. And I'm not like, I'm not very religious about like, oh, this is a better protocol. I don't know what a better protocol is. So what I've done over the last couple weeks since this thing has really kind of taken off is saying, how would we implement that within our stack? And the way that I understand it now from our engineering team is that we will probably develop our own relay”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And then you now have the signal of saying, okay, this is a highly boosted piece of content and not boosted by free likes, boosted by a limited finite resource of Bitcoin. Now you have an algorithmic way of feeding content to an individual and say, you know what, people paid a lot of stats to see this. This is probably a high signal piece of content. Now you have actual data, right? Because you think about it, like money's data, but it's the highest signal data possible because you're moving money from your wallet to another wallet. Means like you really, really care about something and it's really meaningful. Now you have that data as the proxy to build an algorithmic feed inside of a community. So I think this is a completely new unlock. We have to realize the price of content is now effectively zero.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Especially when we talk about What I just shared about the cost to post, we are now seeing that the price of content is basically going down to zero, right? If you're a producer of content, if you're a writer, if you're, and eventually this stuff is going to make photos and videos and all this other stuff, the price of content goes down to zero. So the question becomes, how are you supposed to filter out what's the best? What is the best thing when the price of content is zero? And lightning enables those types of things. Number one, now the posting of that derivative content has an inherent cost to it.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“What is this community? Because they all speak their own language. That's why Discord is very popular. Is that like these Discord channels have their own memes and the way they talk about things? And if you enable tools to build communities, but do it through money and through it through the mechanisms that we're talking about through lightning, I think there's a whole new exploration to create economy that we just haven't seen before.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Into a social network, imagine the level of signal that gets created inside these systems when a post is no longer free. And also it's inside of a community, right? Like, and I see that creators right now, they built this proxy of like following, but the real thing is community. So like everything is around like”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“So, even if your price to common is zero, but the price to stake is 100, you've still built a mechanism to prevent spam at scale. And stammers don't do spam if it costs anything. Spam only works because it's free. That's right. And now if you built this proof of work.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“There'll be a price that maybe the creator wants to send to say, if you want to post in my community, it's five sats. And then you could be part of a contribution to the conversation. Then the third one is our anti-spam feature, which actually takes sats, and we're calling this a stake. It takes sats out of your wallet for a certain amount of time. And if the administrator of the community deletes your post, you lose that stake.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I don't necessarily believe in this open, like, like, I think people want to join communities. So the way that Zion works is that there's a couple aspects of there's your profile. Then there's a tab called Communities. Communities are things that creators would develop. And the idea is that you would go and join a community. And when you join a community, there's three sets of pricing that are built into joining the community. The first is like a price to join the community. So now you've created some sort of sats blocker of like a bot is probably not going to pay 25 sats to join all these communities. Now there's a second layer of payment. And by the way, these can all be zero as well. There's no requirement to it to be payments, but there's a reason for it. The second thing is a price per message. So now if you want to post in the community,”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Right. And I think what often also happens in these decentralized networks is they have tremendous spam problems. And I've already heard that I've already heard that, you know, in some of these like clients, there's a bunch of spam happening, even in these newer protocols. And the way that we thought about it is number one.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“The object is an actual payment opportunity. And I think this unlocks, I think, the next layer of the crater economy, which is the fans of the creators can now be paid for being contributors. So the people that, you know, maybe you post something and someone posts something very meaningful and it's a derivative of what you've posted and people can boost that derivative thing and say, wow, that was really meaningful. Thank you for sharing that. Or what about a world where someone's clipping your podcast for you and redistributing and they can get some sats for that? I think there's a completely new unlock that we'll see when you build a network that's enabled with money that's liquid.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Like a Telegram chat, but imagine every message is boostable. Imagine every Instagram post you make, someone can send you stats, but not just anyone in the network can send you stats. Anyone that sees it can send you stats on the object, not on an invoice being posted in an invoice is paid.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“What if you can bring along a digital wallet that has funds in it that you can actually spend and buy things? So I think that's the opportunity that I'm really excited about is that the identity as a user comes along with some funds that they'll be able to spend inside these applications. So what if you could build a system that all applications are now payments enabled without too much work on the application front? Because every app in the world has to think about authorization. They have to think about who is this user. how to identify who they are to work within my system. And what if now there's this interoperable identity network that isn't centralized by a company, but it's open and it brings along a digital wallet with it? So I think that's an unlock that's really unique and new. I also think that the strategy and the network effect is every piece of content posted, also every reply in Zion is an active opportunity for a payment.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think that what's unique and what we want to bring is that if you log in with your DID, it also comes with a wallet. So I think what's really unique about the situation that we're building out is that your DID is also attached to a lightning wallet. So imagine a world where when you're logging into that website, you're not just logging in with an authorization of who you are, but you bring along money. And you can now enable this application to have payments enabled instantly. And I think that's a completely new unlock. And if you think about retail, right, like in order to make a payment, you have to spend 30 to 50 cents on every transaction, no matter the amount, right? That if you're spending $3 or the minimum is five, you're going to spend almost 50 cents in fees.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“I think that for us, because we're focused on a subset of creators, our strategy is that some of our investors or some of the most influential people out there, right? So we have like. Tony Robbins, Aubrey Marcus, Mark Moss, Robert Breedlove, Sean Stevenson, Griffin Johnson, Aaron Rodgers from the Packers, right? These are all our investors. Our hope is that they're building communities on Zion and they bring over their fans and say, hey, if you want to build, like, I'm going to build a community that I actually own for the first time, that's our way to try to build a network effect is to look at our investors and the people that we're close to and saying, hey, you should build a community on this application because the connections are now done through your DID. So that's the beginning of how we're trying to build this network effect. And that's going to be our strategy as we kind of launch out the gate. Is that the question that you were asking?”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“But they know that they want to be paid from their fans more directly. And they know that they don't want to take 20% from OnlyFans.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And we're trying to go after creators that just know how to upload YouTube videos or know how to upload content to their Instagram. They don't really know about Bitcoin.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Zion doesn't store that. It's stored on Bitcoin's blockchain. Now we have a level of decentralization with authorization that kind of looks like a regular thing. You put in 12 words and that's now your login. That's a thing. Now we've married that to those two aspects. So I think the other thing is we needed to like make the wallet very native to the experience. What's very unique about Zion B2 is that the wallet is in line with the actual content. So it's part of the overall digital experience. It's not an afterthought. It's not outside of the application. It's inside of the application. So a lot of these elements we had to kind of build and make it seem like, hey, this is part of the application. You could just log in and start it up on your own. So that's a lot of what we learned. And we think that for our customer segment, which is kind of outside of the hardcore, hardcore user, because the most hardcore people will go to the most hardcore things. We're trying to go after the mainstream.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“How can we add the best layers of decentralization? How can we make the user experience as seamless as a Facebook or a Twitter and make it seem as easy as everything else? But then if you want, allow for you to leave to your own private instance within a system. So our work around was saying, okay, let's think about the login, right? Off. Every app in the world has to authorize you because they have to know who you are on the phone. We said, let's use Didion. This is a way to do it is you can use a private key encrypted by 12 words and this becomes your identity inside the system.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Centralizing things, yeah. And I think the lens that I had was, you know, Zion V1, which launched about the time that I showed you everything, was like one user, one node, one champ. So everybody that was running to be on this network had to run their own instance. It was very, very complicated. And what we learned, and now we have over 61,000 people on a wait list, the creators that we work with are like traditional YouTubers. They don't know much about Bitcoin was that that user experience was very cumbersome. So we had to take a step back and say.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“One of my core tenants is I want to speak to the hacker and the painter simultaneously. So for us, user experience is very easy for a customer is very important. That's why Zion's UX is a little bit more like a traditional kind of login flow. The app looks very traditional. You don't have to attach to any relays. Everything's automated for you. You can post photos and videos and gifts everything instantaneously inside the application. So we're trying to make it a little bit more of a user, easier user experience per se.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Doing is a decent. You're exactly right. And I think the proxy to think about is like a relay and a decentralized web node are probably a similar thing where a decentralized web node, you know, Zion is launching with a single DWN where a lot of the communities are attached to a single one with the optionality of saying, you know what, do I want to leave and leave with all this information to my own DWN and allow for this interoperability? I think that's where these things are all, they're all following if you think about it, they all follow a similar technical pattern. You look at the ad protocol, you look at DWS, like they all follow the same idea, just all doing it in a little different way. I think to me, what's also very important, though, is the very slick user experience, I can see what's happening right now within some communities is like, you know, there's these hackers, these like hackers that love to hack things together.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and through a hash, specifically through a hash and through a private key. And the way I on is a very specific spec that uses side tree. And so, if someone that wants to get very technical with this, they can go to our docs. We've created almost like a 70-page doc that describes how every aspect of the code inside Zion works. Happy to let anyone kind of, that's why it's there. It's there for you to go look at it. You can go to our website and look at our docs.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“This key can send this key. And now, what if your identity sits there? And that's how we implemented it. We decided to use this specific did implementation. So now your DID, your identity, sits on Bitcoin, as well as the value being transferred between a creator or a fan is being done through Bitcoin. So we're using two Bitcoin for actually two aspects in our network.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“And what's very important about our implementation, and I think this is like a really thing that's very important, is that we use did Ion as our implementation. And what that does is that when you create this DID, we use a protocol that anchors your identity to the Bitcoin blockchain through a transaction. So now the registrar of your private key is the Bitcoin blockchain because the Bitcoin blockchain is essentially a storage of keys. It's a storage of keys in UTXOs that says,”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“That's my hopeful goal is that if we can convince application developers than saying like DIDs are this way to identify a user. Why is this probably a good one to use? Well, because this consortium that basically built the internet said that this is a new type of identifier. And if the larger application systems out there start implementing them, the Google's, the Apples of the world, like those, then we have a new base layer identity that you can use a private key to identify yourself all across the web.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“How can a creator disseminate information all over the place outside of its decentralized web node? So these are the exciting aspects of where the world is going. And I'm really excited about it because I believe in a world where if we're successful, Zion is the last platform you ever have to build an audience on because now your audience can be disseminated everywhere and you can take your followers with you to whatever the next client happens to be”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT
“Through and why it's like the next version of Zion, which is coming out next week, why it's been built on these primitives, because it's not like a centralized thing in Zion's world. It's an open architecture thing. And then going beyond that, how you can think about content distribution in a bigger way. Like I think that's the really cool thing about Noster is like, it's a publishing mechanism. It's not really good for making communities or it's not really great for identity or those other things, but it's great for publishing. And that's what we're excited to use it for.”
2023-02-01 · We Study Billionaires · BTC115: Bitcoin and The Creator Economy w/ Justin Rezvani (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT