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BOS Community Call: AMA W/ Edan Yago

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All right, guys. Let me just uh repeat

what I was saying because I'm not sure

if you guys heard what I said before um

before we got kicked off on the live

there. Um but I was what I was trying to

say is that we are hosting a mini

giveaway today. Um anybody who is here

automatically gets entered into that

giveaway. So you might have a chance to

win a little bit of USCC and also

anybody that has their questions

answered from the AMA questions channel.

You also get put into a rafflebased

system to win 30 engage points which you

can exchange in our engage marketplace.

As you guys know um o over the course of

the next couple weeks we are going to

ramp up some of the rewards that you can

find on the engage marketplace um like

gift cards and you know like I said I

plan on going kind of above and beyond

and maybe even you know putting up a

gaming console of sorts. So please do

keep your eyes peeled on that. lot of

exciting rewards are coming. Um, so

we're going to try to get through your

questions as fast as possible. Before we

start, I did want to give Yago an

opportunity to, you know, share any

piece of information that he would like

and or you know, share any alpha

whatsoever. Like if you have anything on

your mind you wanted to share with the

community, um, now would be the time to

do that, Yago. And then from there,

we'll jump into the questions. Like I

said, we're going to try to swift

through them as quickly as possible to

just get through um all of them because

we have quite a few. Um but yes, uh

Yago, hopefully you are doing well, my

friend. Uh the mic is yours if there's

anything that you would like to share.

Hello everyone. Thanks very much for

joining. Great to see you all. Um we

we've had a fantastic week here. Um

there's uh significant progress being

made on Litecoin and let VM integrations

as well as the Cardano integration. We

have seen across ZKBTC and bro sort of

like the the first early

uh tastes of what programmable Bitcoin

can be uh already is generating huge

amount of interest across users and

miners. Uh we've seen over 45,000

transactions over the course of a little

over a week. We've um in fact already

had such an impact on Bitcoin that

people are starting to notice um

uh organically just sort of people who

aren't even aware of the work that we're

doing are starting to notice how

transactions and chain miners have been

reaching out to us. We've we've we've

we've had an appreciable impact on on on

the price of Bitcoin transactions. Um,

so we haven't even gotten started and

and and already the impact that we're

having is outstripping my my

expectations. If we continue on this

path, um, we're we're in for a very wild

ride indeed.

Amazing. Very, very, very exciting,

guys. This is very exciting times. Um,

and we're so grateful to have you guys

on this journey with us, of course. Um,

so let's dive right in. Um, we do have

two people who came up to the speaker

panel. Obviously, Jason is our amazing

moderator and then we have Pi Squared

who joined us. Before I get to your

questions, my friend, I just want to run

through just a couple um so that we can

get the space going. Um,

first question. Um, super quick answer,

Yago, is the Boss token still going to

launch as a charm?

Boss will launch as a charm. Yes, it

will also be available um

uh as a ERC20 token and as a CNT token.

Um uh we've been working very very hard

to make sure that all happens at the

same time um and within our time frame

for launch which is getting very very

close. Um so the short answer is yes.

Awesome. That sounds that sounds great.

Very exciting. Uh next question. We know

there's going to be slam nodes. Are

there still going to be boss nodes that

can be run on a very simple device?

Um, as I've said in the past, this will

take time to develop in we always knew

it would take time. It wouldn't be the

first thing that we launch. I I I will

say more and more of our focus has been

on the on Grail Pro and the

institutional tooling that we've been

building. Um

the uh the just as a quick reminder to

everyone, Bitcoin does not natively

have programmability. We've had to add

that into Bitcoin using ZK proofs. And

so that requires that we have a new kind

of player in the Bitcoin space, right?

Not just uh Bitcoin miners, but Bitcoin

uh uh uh uh um uh uh compute providers.

Um and um

so the

um the the the boss tokens

um role is going to basically be acting

as the gas token for Bitcoin where what

will happen is we will be collecting

fees and in fact already are uh

collecting fees in the form of BTC

uh and that BTC will be used to buy and

burn boss tokens.

Um and then

uh and so so we we while we won't turn

the buy and burn on immediately that is

the goal and then nearer we expect

nearer that time we will also turn on

the the the staking functionality.

Um we don't expect that to be this year

we expect that to be next year.

Awesome. Gotcha. Um, you know, like we

explained guys, like we plan on kind of

like having different phases that's

obviously going to roll out on not one

of the the initial phases. Um, Pizza

Merchant asked, "Grail Pro is set to be

catered to institutional players. With

the centralized nature of operators for

bridge agents, how can everything be

trustless anymore? It's my understanding

that even with charms and ZK proofs,

these centralized operators still play a

critical role in the entire process.

That's correct. They do. Um, and it's

important to understand why we've chosen

to do this and why it's so valuable. So, today,

today,

uh, there's roughly 19 million Bitcoin

in circulation, of which 6 million or

1/3 is held by professional money

managers, what we would call

institutions. I think institutions is

probably the wrong term, which is why I

prefer to use professional money

managers. that includes hedge funds,

family offices, um corporate treasuries, etc.

etc.

What's interesting about that 6 million

is because it's being managed by

professional money managers, it is

actually being managed. It it wants to

be put to work as opposed to the other

13 million which is mostly being used

just to sort of um simply hddle. And so

it's very

when we're building a system which is

designed to allow people to put their

BTC to work. Um obviously that is the

most valuable section sector that we

should be going after. Now the vast

majority almost all of that bitcoin is

held at various custodians. In other

words, um these professional money

managers, they don't sort of uh uh you

know have like a hardware wallet or or

their own setup. They use professional

custodial setups. And so they're already

trusting the custodial setup. And what

we've done with Grail Pro is we've

modified Grail in order to be simple for

custodians to integrate into their

custodial systems. Effectively turning

uh all of the BT

effectively turning the the the

custodians into operators of the

of the bus um platform. And so as we

launch bus, we're actually going to be

launching with these professional,

institutional, and custodial players as

the first operators. And then over time,

we'll be able to allow anyone to to to

work as an operator. One question you

might ask is why not just from the

get-go let anyone be an operator? And

the reason is

it's a question of focus and resource allocation.

allocation.

um to build the system uh um

such that it is appropriate. In other

words, in order to put focus onto Grail

Pro um means that making it really

really easy to deploy um uh operators

for anyone else had to take a bit of a

back seat. But the advantage is huge

because the custodians

are are are the professionals

uh when it comes to securing BTC and

really any other any any any form of

digital asset. And so by having them as

a core component to the system from the

get-go, our system is going to benefit

from the security not just of one but of

all of these custodians. It's a very

unique system because of its one of n uh

uh assumption. Um

you don't just get the security of one

custodian, you get the security of one

custodian and then the other custodian

becomes an additional layer of security

and each custodian becomes an additional

layer of custo security security. So

we're we're going to be building the

world's most secure system, the most

secure digital system in the world,

maybe with the exception of Bitcoin itself.

itself.

Thank you, Yago. Hopefully that answers

your question. Pizza Merchant, thank you

so much for asking. Jason Bitcoin OS

said, "Good morning, Yago and Aliens. I

don't have a question for you about Boss

or ZKBTC because I already know

everything about it thanks to aliens. My

question for you is, how have you been

holding up? Doing what you do cannot be

easy at all, man."

Well, first of all, thank you very much.

Uh, great shout out to Aliens and thank

you for the shout out to myself. I

appreciate it. The entire team is

working very, very hard. Um, I did

something that I haven't done in almost

10 years. Um, that my, uh, wife and the

rest of my family have been complaining

about. Um, I took a vacation, so I took

two weeks off. Um, I I'm going to need a

longer vacation, but there's still a lot

of work to do, and I want to make sure

that we have the system out and um, on

solid footing. And then um, I um, I'm

letting you guys know already. I'm going

to I'm going to take some some some

serious time off because I've been going

at this for

hard for about 14 years and um and I

want to I want to I want to I want to go

into 2026 with some of my hair and teeth

still still available to me.

Yeah, you guys don't want a teethless

Yago. I'll tell you that much. It's not

going to be a pretty sight. I'm kidding.

I'm kidding. All love to you, Yago. But

um yeah, I definitely was very very

happy to see you take some time off. It

was much much needed. Welld deserved for

sure. So um but Jason, that's such a

nice shout out and um thank you so much

for thank you so much for caring on that

level. Um another question here that's

also kind of like more so like you know

kind of just uh more so like a general

crypto question for you. indulgent. Uh,

one of our amazing moderators also

asked, "Crypto started with a simple

promise. Money without borders,

self-custody, and privacy." But when you

look at how things scale, it gets

tricky. We all say protocols shouldn't

be centralized. But, but the moment a

hack happens, it's not just the devs

that lose, it's people's life savings,

life savings. So, the real question is,

do we allow some level of central

control to protect users, or does that

kill the whole point of crypto? How do

we strike that balance between freedom

It's an excellent question. I'm I I I I

would say that um I think my answer

might surprise a lot of people. I think

that the only way you strike the balance

is by not having any balance. Um,

Um,

gold for

centuries was the primary settlement

mechanism and the primary reserve asset

of the world. The way that countries

like in in in in in in two in in in in

in 1914, the United Kingdom wanted to

buy weaponry from the United States.

They sent a ship

laden with with 3,000 tons of gold which

was um sunk by a yubot. Right. So So

even though World War I was going on,

the the the way the US and the way

countries paid each other was by sending

ships full of gold into waters.

waters.

And the reason that they were willing to

take that risk is because you don't have

any balance. There is no balance to

strike when it comes to having a fully

trustless system. You have to the risk

that you take is that is that you you

screw up in some way or another. What's

what's magical about Bitcoin is it can

move across borders across the world

instantaneously and doesn't care about

Ubot and submarines and other things. So

it's a strict improvement on on gold.

But but this this property that no one

can reverse your transaction that that

there is no authority is actually the

most attractive thing about the system.

So what can we do? What do we need to

do? What we need to do is we need to

build secure systems using technology

not rules using uh cryptography not uh

um you know human uh arbitration.

And so if you look at the 6 million BTC

that I mentioned at qualified and and

and and professional custodians um

it's there without incident right like

the largest institutions in the world

can trust that their Bitcoin is safe

because it is held at professionals

who have developed cryptographic systems

that are designed to be secure. Will

there be

uh hacks? Well, there've been very few

at custodians, but one day I'm sure

there will be. Funds will be lost, but

um that is a a small price to pay. Um

especially because you can really really

minimize that to an absolute minimum if

you're building secure systems. Um so

yeah, so this is one of those things in

life where there there is no no place

for balance. You have to have a system

uh which cannot be controlled by any

entity other than yourself.

Well said Yago. Well said. Um before we

dive into the next couple questions

here, I just wanted to share today's

secret code with you guys. That code is 917.

All right. Um we are joined by two of

our amazing community members on the

speaker panel. So before we dive into

the questions that were shared in the

AMA questions channel, let's um get your

qu questions answered first. Um also

once again just repeating that we are

hosting a mini giveaway today. So

anybody who is uh on the space live

right now, you automatically get entered

to win a little bit of USC, but you do

have to be following Boss, you have to

be following me, and you have to be

following Yago. That's the only way that

I can reach out to you. I will not be

DMing you. I will be tagging you. So,

just keep letting you know. Um, but

Piquare was here first. Hi, my friend.

How are you? We would love to hear from

All right. Well, if you would like to

speak at any point, feel free to raise

your hand and we will get to your

question. Um, Cryptobag Travis, welcome

to the speaker panel. Another lovely

community member, longtime supporter.

How are you? We would uh love to hear

from you. The mic is yours.

Yeah, just coming up say what's up to

everybody and I like being a part of

this project.

Oh, we love you, my friend. Thank you so

much. We love love love we've loved

having you. You've been an amazing

community member. Um, and uh, you were

actually one of the winners of our pizza

giveaway on Bitcoin Pizza Day, I think, right?

right? Yeah.

Yeah. Yeah.

Yeah.

Awesome. Well, yeah, we love having you,

my friend. And, uh, hopefully you stay

with us long term.

All right. Uh, Pi Squared, if you would

like, like I said, to get your question

answered, please do raise your hand up

and we will get to you. Um let's move on

to Sud's question. Um Sudi asked, "I

would like to ask a security related

question. Have you planned on making an

audit by for example with Certic or others?"

others?"

We've already completed a first audit um

by least authority who I think are maybe

the best in the business.

Um and yes, we will continue to have the

system audited. We have an internal

audit system. We will also be

introducing a bug bounty system and we

will be utilizing thirdparty audits on

Awesome. Thank you so much. Next

question. Please elaborate on the trust

model of one of trust assumption. Is it

possible that a fraudulent uh

transaction gets ignored and ended up

not being challenged by other agents?

Yes, theoretically it is possible

and that is one of the reasons to have

um an incentive mechanism.

Um so part of the reason to have the

staking mechanism is to provide that

incentive mechanism basically to incentivize

incentivize

um people to

um challenge any incorrect or fraudulent

transaction regardless of whether or not

they're involved.

Um we ourselves will be running nodes

which are going to do that

um as a service but our goal here is to

build a system which obviously doesn't

rely on us doesn't rely on any other

party not the custodians not the

operators but has a uh an economic

incentive to make sure that that no um

fraudulent transaction will ever be

ignored. We can do this very cheaply. Uh

so there is um this is similar in some

ways to being a a validator on a on

another chain but in validator on

another chain needs to validate every

single transaction.

Uh and you need everyone to do it.

Whereas all we need to do is have an

incentive level which is high enough to

make sure that somebody one person

somewhere does it. And so even you know

if we can incentivize a hundred or a

thousand nodes to beware that the level

of security we have is far far in excess

of what we actually need. Um and that's

one of the the great properties of this

this asymmetric system, right? It the

more participants you have, the more

secure the system gets. Whereas in um uh

honest majority systems or proof ofstake

systems, the more participants you get

actually does nothing for you because

you you you you um

you you need to maintain the same ratio

of uh honest participants, right? you

always need to have a majority or in in

proof of stake systems twothirds need to

be honest whereas in our system uh only

one needs to be honest but the number of

participants can grow to tens of thousands.

thousands.

Thanks Yago and Promax if you did have

um you know any questions regarding the

honest majority model versus the trust

um just the singleton model like is that

what we'd call it Yago uh feel free to

reach out to me on Discord. I'm happy to

give you um give you further clarification.

clarification.

He-Man asked, could you please share the

current status of the technical

so we have um charms in part working in

production. We've got ZKBTC working in

production. We got Grail working in production.

production.

Um, these systems are being hardened.

Effectively, the system is working in

production. There's still a lot of work

to do on the smart contract side and

making it easier for people to develop

smart contracts and building out the SDK

to truly make building smart contract

and smart contract platforms easier. And

there's still work to be done on

integration with other chains. And

there's still work to be done on

allowing uh rollups to Bitcoin. Um but

core components are already fundamentally

fundamentally

in production and we will continue to

harden them. So um

the the the the key pillars of the

system have been built are being

integrated and that is why we have a

high degree of confidence that we'll be

launching in the very very near future

do you know launching the boss token and TG

TG [Applause]

[Applause]

how exciting guys I know you guys are

excited to hear about that. Thanks for

expanding on that, Yago. Um, another one

of our amazing community members, Solo,

asked, "If ZKBTC succeeds, what does the

boss ecosystem look like two to three

If what succeeds, ZKBTC?

if we do our jobs very well a little bit

unimaginable but I because I think a lot

of things will happen that we're not

even anticipating um

but I think the the the the things that

we are anticipating is we will start to see

see um

large amounts of BTC

including you know I think about it

often through sort of just myself right

My BTC has never really been put to

work. My BTC will be for the first time

sort of unleashed as will that of many

other people, institutions, professional

BTC managers. Um, and we will start to

see BTC being utilized as a as as a

collateral asset. We will probably start

to see um

stable coins being issued against BTC.

we will start to see

um assets both traditional and sort of

new DeFi assets being issued on the

Bitcoin network and and being beamable

to other chains

um interacting trustlessly with that BTC.

BTC.

Uh and so the the where I think the

world is going and what I think our

technology allows

fundamentally is

BTC is becoming an increasingly important

reserve and settlement asset for the

world. Um this is because governments

are all of the governments China to

America, Germany to uh uh uh uh uh uh

Nigeria are in debt. Uh we're seeing

increased inflation. We're seeing

deterioration in the finances of of of

government institutions.

We're seeing reduced trust in fiat

currencies. And we're seeing war, both

trade wars and hot wars, eroding,

uh, the free and easy movement of people

and capital, most importantly, capital

and and and trade across borders. And

the only counter to this is

a borderless financial system. And so

this borderless financial system is

being institutionalized. Now the reason

the institutions,

high netw worth individuals,

professional money managers are adopting

Bitcoin is because they see this world

coming. And what we need to do is we

need to unlock the tools which will

allow them to put that BTC to work to

utilize it as a reserve asset to utilize

it as collateral to borrow against it

and then to buy assets which don't rely

on you know a particular stock exchange

in in Hong Kong or New York but but

actually exist on the very chain where

they they keep their BTC asset. Um, and

that's why it's so important to also be

able to allow through charms uh the

issuance of new assets on Bitcoin. And

so what we're going to see, and I don't

know if this is over the next two years

or 5 years, but it is

about as close to inevitable as I think

anything is, we're going to see the

migration of a significant amount of

today's monetary, financial, and

economic activity onto Bitcoin with

Bitcoin acting as the primary collateral

and reserve asset and other assets being

traded trustlessly. against Bitcoin or

being uh bought utilizing uh Bitcoin

collateral or generating profits in the

Well, Santiago,

thank you for expanding on that. Um this

next question comes from

our favorite community troll, um who was

previously named Cerse, but is now named

Bitcoin Boss. So that should give you an

idea of his appreciation for what we are

doing here. Um he asked is boss going to

be as slow as bro proving zk pro uh ck proofs.

proofs.

We expect to uh introduce uh

improvements which will reduce uh

proving time by um

at least a factor of four if not a

factor of 10 and introduce cost

reductions as well. Um,

so short answer is over the next two

months I wouldn't expect to see

improvements after that dramatic improvements.

improvements.

Could you expand or just give us a quick

like TLDDR of like how we plan on doing that?

that?

H it's pretty technical. Um,

okay. We'll talk about it later. We'll

talk about it later.

Um, all right. RNG Crypto asked, "Has

the boss team talked to any notable BTC

treasuries to discuss future potentials?"

Yes. uh on an ongoing basis. We are

a lot of BTC

uh committed to

coming into the system. So, we've

actually created a queue for early

Um, we've been working on this for many

months. The sort of what you could call

the sales cycle, right? The amount of

time it takes to do an integration and

explain to

um these institutions, it's it's a

slower process in retail, but we've

started months ago. It's already

happened. the the ZKBTC that already has

been issued has come from institutional

players, has come through Grail Pro and

we're going to continue to see that. I

think we can expect to see tens of

millions more ZKBTC become available

over the next um weeks and months uh to

hundreds of millions. Um and the primary

limitation right now is our degree of

confidence. We don't want to take uh

unnecessary risks. So, we're we're doing

Thanks, Yago. Appreciate you expanding

on that. Next question here. Have you

spoken to any teams or protocols who

have been building on Cardano regarding

integrating Bitcoin via Boss? Projects

such as Fluid who have Cardano and

Bitcoin products, Levy Finance, Metra

offer good DeFi platforms that could

definitely act as ways for users to use

their ZKBTC liquidity.

Yes, we have a great relationship with

many of these and indeed we are working

together on a number of initiatives for

the Cardono space um

uh not just ourselves but with multiple

partners um DeFi apps wallets um

some of the u you know major players

like Foundation IOVGO

behind Cardano um

I think the reception that we've been getting

getting

um has been enthusiastic and warm and um

everyone is very excited about uh about

uh bringing ZKBTC and boss to Cardano.

Thank you, Yago.

Next question. Um also just wanted to

ask where are you at? Like do you still

have space for like a couple more

questions or are you good to keep going? Yeah.

Yeah. Yeah.

Yeah.

Okay. Next question. And what are the

most important new features or launches

we should expect in the next phase of VOS?

VOS?

I wouldn't expect big launches. Uh we we

we we've we've launched two hu we've

we've got huge things launching already

in the pipeline, right? So we've got um

uh uh bro being used as as as an initial

charm. We will be introducing boss. uh

we have ZKBTC

uh we have integrations that we need to

be working on for expanding the number

of uh parties integrated with Grail Pro.

This will be the primary work for us

over the next three or four months. And

then of course there's big other things

right there there there's rollups

there's chain integrations there's

there's there's um wallets explorers

applications that will be built um and

are in the works but um we need to pace

ourselves uh we need to launch things

securely. uh launching too many things

at once would also be ineffective from a

sort of marketing or narrative

perspective because everything would get

smooshed together and no one would

recognize what we're doing. So, we're

going to be introducing

big things on an ongoing basis

practically every single month for the

foreseeable future.

Awesome. Thank you, Yago.

Next question. Um Daniel said, "First

want to say Bitcoin OS has a wonderful

and passionate community. Keep it up.

When are users going to be able to run a

node? Are we still going to see the buy

and the buyback and burnout mechanism on

the boss token? Just want to say,

Daniel, thank you so much for being an

amazing community member. We love you.

You've been a fantastic addition. Um,

but Yago, if you would like to expand on

like the running a node or the buy

buyback and burn mechanism, like feel

free to.

Yeah. So, we discussed this slightly

earlier. I I the the the I I would say

that we should not anticipate staking or

uh uh buyback and burn this year. In

other words, not in 2025. I see it as

something that would come in 2026. Um

uh and even sort of as we're generating

revenue, initially that revenue will get

parked and won't be used uh uh for the

the buyback and burn. um uh

that that that that that's something

that we will trigger later on in in 2026.

2026.

Thank you. Yago Slim asked,

"Can developers build dabs directly on Boss?"

Yes. Um although we don't have a lot of

good examples yet. We uh uh we're still

pretty early in that uh in that part of

the story. Uh we will be organizing

hackathons. We'll be building out tools

to make it easier. Um right now our

primary focus is um

getting ZKBTC Grail and and and the key

components for that out with charms and

integrating into the major chains that

we have like as the first chains in our

queue. And then we will be building out

tooling which will make it much easier

for for developers to start building using

using

um exist you know basically people will

be able to write using web two languages

they won't even need to learn like a new

language like like

solidity right you'll be able to just

use rust

or typescript uh and standard languages

to to build smart contracts on bitcoin I

suspect expect that what we will see is like

developers will start doing that even

before we're ready for it because the

the the capability for it already exists

in the system. Um but what we will do

and our role will be building the tools

to make them really really easy. So it's

not just the top developers and sort of

like the the most geeky

uh um early adopter developers who do

that but but all developers

Thanks, Yago. And to piggyback on that

question, um I remember a couple months

back we had Ivan on one of the spaces

and he was talking about how, you know,

whenever you have some kind of like open

source project, it's really hard to

cater to all these programming

languages. Um and he did mention that

they were building out some form of you

know tool or software to be able to

cater to to cater to everybody to to be

able to create inclusivity with all uh

developing languages programming

languages. Can you talk or speak to that

by any chance?

There's basically two big language

um families

based on their low-level compiler. risk five

five

or risk V sometimes it's called and um

and wasn't

um we can

already process

any any any programs that are written in languages

languages

uh in those two families which basically

is all the languages that anyone would

ever want to use. So so the capability

is already there. Um

now it is

uh going to be more a question of

demonstrating the first

um programs and and and and and and and the the

the the

when you are building so this is a new

paradigm right so you're building

um smart contracts for Bitcoin that's

not really a thing that's existed up

until now and so when you build these

types of of applications they'll have

different kinds of design patterns. And

so it's really more a question of demonstrating

demonstrating

and establishing those initial design

patterns. The languages we can already

handle. It's now how stylistically

how do you actually go about engineer

and design these things and and so the

first developers to do this will be

paving the way for all of the other developers.

Awesome. Okay, that's good to know.

Thank you, Yago. appreciate you

expanding on that. Um, before we

continue with the rest of the questions,

um, I brought up Eric to the speaker

panel. He is our events lead and also

manages our corporate, sorry, corporate

strategy. Can't talk. Um, he is actually

going to go over some of the events that

we are going to be participating in and

or hosting in Korea and Singapore over

the course of the next couple weeks. Um,

as you guys know, or you may not know, I

have been talking about this pretty

openly, but majority of the team is

going to be uh traveling to both Korea

and Singapore for KBW and Token 2049. We

are going to be hosting some events. Um,

we're going to be participating in some

events. So, I just wanted to give Eric

the speaker role to kind of go over

that. If you guys will be there, we

obviously want you guys to participate.

Um, and I will say that I actually have

all of the the

URLs to the Luma events all scheduled on

Discord. So, if you go to our Discord,

you go into the little events tab at the

top upper leftand corner, you'll see

every single event that we will be at.

Um, and you know, feel free to like sign

up and participate. We'd love to see

you. We'd love to have you. Obviously, I

would love to um, you know, have you

guys uh, just give you guys as much

merch as possible. So, we'd love to see

you there. But with that being said,

Eric, please um feel free to expand on

those events.

Thanks, Claire. Yeah, I definitely

wanted to um keep you guys looped in. Uh

we we we finalized, locked, and loaded

our Apac circuit and it's, you know,

it's been a grind. So, it's it's uh it's

exciting to be able to share it. um you

know th this this circuit is is for us

is all about you know being visible

staying connected and having a strong

community presence in this you know

leadup to TGE. So um obviously we're

kicking things off in Seoul during KBW.

Uh we partnered up with with Babylon for

their Bitcoin night. Um as well as uh

title sponsorship for uh the new

friendship tech gatherings which I

actually just got a little bit of alpha

that that will now be um hosted at a

mansion in Seoul. It was originally I

think the venue was TBD but I just was

speaking with the uh with the founder

this morning and and the place looks

insane. So if you are going to be in

Seoul definitely get involved with that.

very excited to see the developments

there. Um, but I think the big highlight

for us uh for Seoul is our uh boss bar

crawl, our sort of community activation.

It'll be two two sessions uh one in Hung

Day and one in uh Eetwan, which are two

districts within Seoul. You know, the

community is going to be taking over the

streets. There'll be wristbands, drink

tickets, you know, plenty of cameras

rolling videographer. You know, this

one's just kind of about showcasing boss

culture. you know, I'm going to throw

everybody in some Boss T-shirts and just

take over the streets for for a few

hours on um you know, right to kick off

KBW. So, I'm excited for that. Um and

then we pretty much we we we shift gears

to Singapore for token. Um some pretty

big spotlight moments there. Uh we're

taking the stage, so to speak, with um

Toby and Brent, if you're familiar with

them, they do huge events uh all over

the world throughout the year. Um, so

we're going to be um we partnered with

them uh as well as Mario Nefal for a

huge presence in Singapore. Uh we've got

naming rights and curated access with

multi-chain day like we have all year.

Uh always one of the better events,

summit style events uh at any conference

that you go to. Um and then we're kind

of closing it out a little more uh

institutionally focused. Bitcoin

Frontier Fund. uh we're close with their

with with their team and they always

have some nice sort of um you know a

good way to sort of unwind after after a

heavy week. But you know the the goal is

to hit kind of all those high impact

touch points between investors,

founders, Koss and um you know it all

kind of culminates in in our primary

goal with with this event circuit which

is to maximize our brand visibility

um conduct high value networking and and

really just to create sort of cultural

moments that make uh that make us

impossible to ignore especially leading

up to TGE. I mean, this is this is this

is the noise we want to make and um

we're just excited to finally share

everything we've been working towards.

So, you know, whether it's grassroots

nights in Seoul or, you know, the big

time stages in Singapore, this is just

about carrying our momentum straight

into TGE and and well beyond. So, um

excited to to to actually share them

with you guys in real life and uh hope

to see some of you there.

Amazing. Amazing. Thank you so much, my

friend. Thank you for covering all the

events. Um, and just to add to that as

well, guys. Um, I know that a lot of you

already know this, but um, I will be

live streaming um, the conference as

much as I can and I will also be live

streaming the side events. I will be

live streaming um, some of our events.

Um, I will be creating copy a lot of

sorry, a lot of content around all these

events taking place as well. So, make

sure you're following me because um I'm

going to just do my best to take you

guys along the journey um and engage

with you guys in ways that honestly we

really haven't before. So, I think you

guys will find a lot of um benefits to

this. Um and I think it'll be fun. It'll

be a fun way to, you know, stay

connected with you guys, you know, even

though, you know, we're not here. Um,

and you know, maybe we're not hosting as

many community calls, but it'll just be

a nice way to take you guys on the

journey, especially because a lot of you

can't partake in these activities. So,

um, yeah, and obviously with that, I'm

going to be taking a lot of the merch

over there, um, and bringing it back

with me to the United States and then I

will be distributing a lot of that merch

with, uh, the engage marketplace that we

have, with other campaigns and

initiatives as well. So, um, so yeah. So

stay tuned for that guys. Very very

excited to you know begin that process.

And just as a transparency note as well,

I am flying out tomorrow. So please do

keep that in mind when DMing me or

reaching out to me that you know it'll

probably I'll probably be MIA for like

the next like two two days, but I will

do my best to get back to you guys as

soon as possible as always. Um, with

that being said, Yago, do you have space

or time for a couple more questions or

um should we kind

go I can go until the end of the hour?

Okay. All right. So, with that being

said, um

let's let's go to Almar Kazi. He asked,

"How is it going to be possible to

handle the vast amount of transactions

across all chains since the goal of

uh two ways. First of all, transactions

that occur purely on one chain can be

handled by that chain on its own. Um but

but

over time, we would expect to see more

and more transactions have programmable

components which aren't on any chain or

are on Bitcoin and a vast number of

transactions that include components

from multiple different chains. So

you're right. This could get I mean

we're already seeing more transaction

volume than we were anticipating. So

transaction volume could get get very

very high. And Bitcoin only has 4

megabytes per block. So

yes, this is a um

an important thing to understand, right?

We're going to probably make Bitcoin

space very expensive and the most scarce

digital asset in the world. But we have

a solution to that from day one which is

we have the ability to take multiple

different transactions and aggregate

them into a single transaction. In other

words, we can create a proof which is

not just one transaction but a thousand

transactions. And so it is this process

of of aggregation

which um is going to ultimately allow

for true scalability. Um for a system to

truly be scalable, you need it you need

to have a system or a technique built

into it where it actually gets cheaper

the more it is used. And that that is

the case with uh with boss.

Thank you, Yago. Um, I believe we have

time for one more question here. Um,

Um, John asked, "How are you guys

exploring strategies to expand in

regions like Africa and Asia where

Um,

I think we can admit that we aren't

maybe doing enough about that. It hasn't

been our primary focus. Although I will

say a big chunk of our community is from

Africa and is from Asia. Um,

so right now I think it's being driven

by grassroots efforts and sort of

organic adoption within those areas. We

have made some efforts, you know, like

Eric was just talking about the uh the

activities we'll be doing in Korea.

These are important. Um

but we we haven't been pushing on this

too hard. And so, you know, the success

that we've had in that is is mostly

why are we not pushing harder? Uh

because right now our we're still in a

phase of the project where we're very

focused on technical development and on

reaching a smaller number of higher

value what you might call institutional

customers and clients as well as sort of

B2B work with like Litecoin, Cardano and

the projects therein. Um that has been

our strategy. It is being able to get

established and already existing

communities ecosystems to integrate with

us and for their user base to sort of

get access to us and adopt us. um over

time we will need to expand

uh and so the next big thing that we'll

be doing in terms of a new audience

again it won't be Africa or Asia sort of

retail it will be developers who can

come we can do hackathons they can start

building out the systems which will then

be more available interesting and make

make the ecosystem more vibrant and at

that point and roughly in parallel with

that that's when we also start uh

pushing uh much more into sort of uh

specific regions. Um but I don't think

that we will ever be primarily

focused on sort of you know trying to build

build

the bus in Africa or the bus in Asia or

the bus in Latin America. Um I think

that most projects that have tried to do

that have failed. It you can't push. It

needs to be pull. You need to build

things which are which are useful. And

and if you look at the history of

Bitcoin, it has expanded. If you look at

the bit the the stable coins, they have

expanded throughout the world, not

because of a marketing effort, but

because they have provided utility. And

so that always has to be our northstar.

Thank you so much, Yago. Um, and guys, I

do want to just mention one thing. I'm

sure a lot of you that are dropping

questions in the AMA questions channel

are wondering why I'm not answering your

questions. It's because we've been

circling back from the questions that

were left unanswered. So, you will

notice that a lot of you already got XP.

Um, so just being transparent about

that. That's why I always tell you guys

make sure that you get those questions

in as soon as you um you know that we're

going to have a community call so that

we can like prioritize your question.

Um, but with that being said, we are

pretty much coming to a close here. Um,

Yago, thank you so so much for joining

us today. Um, we know how busy you are.

You were literally in just in another

space. I know you're probably jumping

into a another call or something of that

nature now. So, we really really

appreciate your time. Um, and I know

that a few of you were trying to come up

to the speaker panel. I tried to bring

you up, but for whatever reason, um,

it's just not allowing me to pull you

guys up. like there's just like a

connectivity problem on on X today. As

you guys know, the space literally um

bugged out a little bit earlier. So, um

so yeah. Uh Yago, feel free to feel free

to jump off if you're busy. I was just

going to recap some other some more like

community related things before we end

the space.

Thanks very much everyone. uh pleasure

to to be here and thanks very much for

the thoughtful questions and I look

forward to the next time and being able

to answer more questions and and talk to

you some more. Thank you very much. [Applause]

[Applause]

Thank you so much, Yago, and see you

later, Eric. Thanks so much for coming

up as well. Um appreciate you both significantly.

significantly.

Um but yeah, I mean with that being

said, guys, let's just like re recap a

couple of things. Um, so we do have, you

know, as you guys know, we're going out

to KBW, we're going to be in Singapore.

If you guys plan on attending either of

those events, please join us on Discord

because those events are all listed um

in the event section. So, I've shared

all the Luma links. You guys can um

click on those links and then just

participate and we'll see you there. Um,

like I said, I'm I will get as much

merch as I possibly can and share that

with you guys. uh whatever we have, I

will give you double and extra and

triple of that. So, I want to make sure

that you guys are decked out. But again,

those of you who obviously can't make

it, do not worry, my friends. I am more

than likely taking an extra suitcase to

bring back as much merch as I possibly

can um so that I can, you know, share

that with you guys. Um you know, for

like community events and other

campaigns. Sometimes you guys um are

just awesome and I send you some merch.

Um, besides that, yeah, like I said, I'm

flying out tomorrow, so keep your eyes

peeled for content coming up on my

personal ex account. I will be live

streaming the main conference. I will be

main uh live streaming like the side

events. I'll be making like a lot of

content. Um, some of my friends who are

co-founders are going to be at these

events. I'm going to be taking like

inter I'm going to be like hosting like

interviews with them and it's just going

to be as much like there's going to be

just a variety of like content coming.

Like I said, I really want to um engage

with you guys in a way that we haven't

before. So, I'm looking really forward

to that. Honestly, it's going to be a

little bit out of my comfort zone. I'm

not going to lie. I'm not a content

creator. I'm not a K. Uh so, you know,

I'm definitely putting myself out of my

comfort zone here to just kind of bring

you guys along on the journey. But

Korea's cool. You guys deserve to

experience that as well. It'll be my

first time in Korea, so I'm looking

forward to that.

Um, besides that, we have a little bit

of a special announcement that is set to

go live right after this space, guys,

and it is surrounding our merch.

Um, you guys have been asking about

merch for a very long period of time

now, and I'm happy to say that our merch

store is officially going live, my

friends. But guess what? You guys are

getting the first look, the community.

So, um, we are not going to announce

this to anybody yet. Um, but you guys

are pretty much going to get like the

first dibs. You guys are going to get

the first look. It's this really

beautiful intimate experience. You guys

get to see, you know, the new merch with

our um kind of like new branding visuals

like the the mage, you know, that uh

light to dark like fantasy element. So,

it's really exciting. And then another

cool element is we actually have a

little competition tied to it as well.

Um, so I'm going to go over that

competition, um, because I think you

guys will actually find it pretty

interesting. The way that it's going to

work is,

as you know, we we typically utilize ZLE

to get these competitions live cuz it's

just a great platform to do that. Um,

but this competition is going to go live

on ZLE. And what it is is it's basically

called Design the Drip. So, you guys are

going to get a chance to design a piece

of clothing that's going to go live on

our actual merch store, like a limited

edition community member, um, boss

community member merch. So, here's the

thing. I know a lot of you are like,

"Damn, I'm not creative like that.

I don't really, you know, have the

skills. I don't really have like the

talent to do that." Listen,

um, here's where AI can come in helpful,

but I really would like for you to like

kind of put yourself out there and, you

know, not rely on AI to really like come

up with like a design. I, you know, and

just and don't just like go and submit

that like put like your heart into it,

put your soul into it, like put

everything into it. like maybe you can

go on um you know sit there and

brainstorm like different ideas of what

you think you would like and then you

would go and find like a bunch of

different pictures and then you take

those pictures you submit them to chat

GPT and it like comes out with like a

design for you. You know what I mean?

Like try to like go out of your way like

if you do plan on using AI just go out

of your way a little bit like showcase

your creativity as much as you can. Um

feel feel free to send me a message and

showcase like your mind proc like your

mindset and your process with it as

well. I would love to see that. I would

love love love to see that. But this is

a really cool way to, you know, kind of

um have you guys involved with Boss on a

more like creative level. Like how cool

is it that one of your designs is

actually going to be on our merch store.

I I personally like this probably has to

be like one of my favorite competitions

that we've run. It's very creative. It

you know, again, you you kind of like

put yourself out of your comfort zone a

little bit, but um yeah, it's exciting.

So, do keep an eye out for that on ZLE

as well. Like I said, um the

announcement's going to go live on

Discord. The the announcement's also uh

going to go live on Discord for the for

the competition as well. So, very

excited about that, my friends. And uh

like I like I had mentioned earlier on

in the call, I am doing a little mini

mini giveaway today. So, anybody who has

been on this call has automatically been

um entered in that giveaway. But of

course, I need you to be following me

because that's the only way that I can

reach out to you without DMing you. I

obviously do not DM first. Um, that

would be insane. So, I will be tagging

you on a post, but um, you do need to be

following me, of course, for me to be

able to reach out to you. Um, let's see,

guys. Besides that, what else can I

cover here? Um,

yeah, I guess like just just be patient

with us, guys, over the course of the

next couple weeks. Um, like I said, a

majority of the team is going to be at

these events and conferences. So, the

likelihood of community calls and, you

know, other events that we do on

Discord, it's it's kind of it's going to

slow down a little bit. Um, so just be

patient with us, please. Um, like I

said, we're not we're not going

anywhere. We're still here. We're still

working hard, but we are doing what we

can at these conferences to just kind of

get more more exposure on the ground,

right? Obviously, what we're doing at

BOSS is extremely important. So, it's

super um yeah, it's just crucial that we

do everything that we can to get the

message out there. So, we're going to be

networking a lot. We're going to be

attending these side events. We're going

to be making friends. All these things

are super important. We're um I'm very

excited about the boss uh bar crawl as

well. I'm not much of a drinker or a

drinker at all, but I will I will be

there to, you know, spread the spread

our ethos, spread the vision, talk to

people about Boss, tell them what we're

doing. Um, and yeah, hopefully we can

bring more, um, passionate people into

our community like you guys. Um

also um as you guys know because you

guys attend these calls um we are also

going to be launching an ambassador

program like I've mentioned to you guys

and so please keep your eyes peeled for

that too because we are um we are coming

close to launching that. We are coming

close to very very close to launching

that. So I'm very excited for you guys

to see that. Besides that, my friends, I

think that's it. Um, we do have a movie

night today. Uh, it was actually

supposed to be tomorrow, but I do fly

out tomorrow. So, it was kind of cutting

a little bit close to like me leaving

the house and going to the airport. Um,

so it's going to be hosted today in

about about like 3 hours from now. We

are watching The Hot Chick. Throwing it

back to the 2000s, my friends. Uh, the

community has been loving the 2000s

nostalgic like movies, so we are

throwing it back to The Hot Chick. It's

a hilarious movie. Um, I absolutely love

it. I I'm looking so forward to watching

this with you guys. Obviously, whenever

we have these movie nights, it's always

like a fun time. Um, you know, we're

we're sitting there, we're watching, we

got commentary uh on each scene, we're

laughing together. It's a good time, my

friends. If you haven't joined us for

one of the movie nights, I highly

recommend doing so because, like I said,

it's always a good time. Um,

besides that, my friends, um, I think

that's it for today. Um,

Um,

yeah, I think we've pretty much covered

everything. So, with that, my friends,

you guys know we always end these spaces

with a little bit of positivity. Um, I

know it's just Wednesday, but remember

to step into mindful mindfulness as much

as you can. Step back into the present

moment. Log off of your devices. In

fact, go take a break after this space.

Please go take a break. Um, these spaces

can be draining, not only for me, but

for you guys as well. There's obviously

so much information being shared. So,

please go take some time for yourself.

Do a little bit of self-care. Do a

little bit of self- loveve. Make sure

you prioritize that. You are very, very,

very important, my friends. Um, and your health means the entire world. So, um,

health means the entire world. So, um, with that, let's end on a good note. Um,

with that, let's end on a good note. Um, I feel like I've been playing the same

I feel like I've been playing the same music

music for months now. Uh, it's because I'm

for months now. Uh, it's because I'm just not putting any time into creating

just not putting any time into creating like a new new playlist for these X

like a new new playlist for these X spaces. I apologize for that. Much much

spaces. I apologize for that. Much much apologies. If you guys have song

apologies. If you guys have song recommendations, as always, send them my

recommendations, as always, send them my way. Send them my way. Um,

way. Send them my way. Um, let's see here. Let's let's end with uh

let's see here. Let's let's end with uh some spiritual frequencies, guys. We

some spiritual frequencies, guys. We never do this. Let's end with like a 528

never do this. Let's end with like a 528 hertz reducing stress um

hertz reducing stress um frequency sound that I found. It's it's

frequency sound that I found. It's it's like this positive just it'll it'll

like this positive just it'll it'll relax you guys. We obviously never do

relax you guys. We obviously never do this. So that's how we're ending the

this. So that's how we're ending the space today. Much love to you and um

space today. Much love to you and um we'll chat soon.

Love you guys. Take care. Have a beautiful rest of your week. Much love

beautiful rest of your week. Much love to you all.

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