Unraveling Bitcoin (Hour 1)

Transcript

Unraveling Bitcoin (Hour 1)

John & Gordy · Wed Sep 17, 2025

Kathryn Lake

You're listening to Civic Media.

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From the depths of a digital abyss, where truth drowns in a sea of clickbait and algorithms, a beacon ignites.

From the heart of Badgerland, from our studios on State Street in downtown Madison, Wisconsin,

It's John and Gordy on 92.7

WMDX.

I guess I didn't change from yesterday.

Just

sleeping your clothes?

Sleeping

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my

clothes.

Again?

Revealed.

Yep.

I admit it.

Well, good morning.

Well, good morning to you.

Happy hump day.

Happy Wednesday.

Yeah.

Yeah.

How we doing so far?

I don't know.

Still

waking up?

Still?

No.

No, it's just so frustrating.

It really is.

You know, I had gone through the whole Scott Walker era.

error and I created a Wisconsin map that showed a dog peeing on parts of the state.

And you know when a dog pees, they're marking their territory.

And that dog represented the Republicans.

And they'd go around the state and they'd destroy this and destroy that.

And they'd mark their territory by destroying things throughout Wisconsin.

I made that map.

I put it on my blog, demochermudgin.blogspot.com.

Don't try to find it.

It seems like YouTube and its handling of YouTube channels is really bad, you know.

Is it?

Yeah, they took out all my videos, the old videos, they just took them out.

You know, they created them as private videos instead of public videos, which everybody could go back and watch and find out what people really said, politicians, you know.

their point of view.

I want it out there, but they hid it all by making it private.

Now, I could watch it, but no one else can.

Anyway, they're doing that now.

The magas are doing that to the country.

They're marking their territory, and it's going to be very unusual, very hard for us to unmark what they're doing to this country.

And I am specifically focusing in on the national parks, removing historical items that disparage, in quotes, disparage the US.

Today is the day.

It's the deadline day to remove all of the signs, all of the statues and get this, the memorials that dot this country and our parks.

So I.

I haven't heard anything about

that.

There's a deadline for the removing.

Yeah, they had all this time to have park visitors

Kathryn Lake

to

go through with the QR code and mark the monuments, statues, and signs that they disagreed with.

And, you know, this is, I know it's shocking, isn't it?

It's just, again, they want positive.

Reinforcement that we're the greatest country in the world and you can't question that and if you do we're coming after you I think Pam Bonnie said something like that

Walking back some of those comments.

Oh, she can't walk back those comments.

Yeah.

Yeah, he's trying Well,

the whole thing here is that you know hate speech is something that Republicans said net doesn't exist

They stuck to that for like 15, 20 years.

And Pan Badi comes out and said, no, we're going after people with hate speech.

Well, what is hate speech?

We don't even know what hate speech is.

And we'd have to probably arrest every one of those neo-Nazis out there marching down the streets of our great cities, right?

But we allow that.

That's the First Amendment right people have.

We detest it.

We find these groups emphormed.

abhorrent and and and it's just one of those things that you know we have to just live with it was hard for me to accept as a teenager and a kid seeing these really nasty groups out there I thought well how could they how could they allow this but you know I didn't understand the Constitution at the time but anyway that's one of those situations where you know she's not going to be able to walk this back the administration is

Full bar going for this they're gonna go after they this is their opportunity to break up every left-wing group that they think is a left-wing group Hmm, and and this is their opportunity.

They see the door open and they're going to rush through it Okay, well, I'm I'm done.

Is

that good?

I had

Good morning to Dominic Lee, our producer.

Oh, Dom is here.

How are you doing today?

I'm doing pretty

good.

We have an expired session.

Every single time.

Why is

that?

I don't know.

That's a great question.

It's on a timer or something.

It might be.

But

anyway, just something to think about.

We'll cover the parks thing tomorrow.

We'll get to more of those details.

But what they took out, what they thought about it, it's just outrageous.

It is so stupid.

It's mind-numbing.

God.

All right.

Well, a little bit later on, we're also going to be talking to Wolf Repass.

He's a financial tech person.

Going to find out everything you wanted to know about bitcoins and that kind of stuff.

When are we going to talk to him?

Crypto.

Crypto.

When are we talking to him?

At about $6.50.

OK.

Yeah.

And Mike McCabe will join us in our seven o'clock hour.

He's got a new sub-stack article out.

And weather-wise today, we're at 59 degrees, highs in the mid-80s again.

Mid-80s.

Yeah.

Yeah.

One

more than normal.

I think that this Bitcoin thing is interesting because now they're offering these Bitcoins to people who make purchases as a bonus.

So they accumulate these Bitcoins as a bonus, which means it's there.

You can't cash it.

It's not cash.

I

still don't understand any of this.

Well, that's why we're going to talk to

you.

Yes.

Yes.

And Catherine is the one who instigated this because she is also very curious about Bitcoin.

And we're all kind of curious about it.

If you don't understand it and it just sits out there, you know, Trump is making billions and billions of dollars of Bitcoin investments.

And none of it, of course, is cash.

So we can't use it.

But someday it will be cash, and he will be

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able to use it, and he'll be a

billionaire.

He doesn't have much time.

A little on the older side.

If we had more time, certainly.

There's a new book out on the onion.

Ah, somebody has written a book about that.

Now who is it?

Who wrote the book?

Let's see.

Maybe I know who it is.

Scanning through, is it subject to Anthony Zulgadia?

Is that right?

Or no, that's the person who took the picture of the onion.

Doesn't say.

Does not

Kathryn Lake

say here.

We'll

have to do a little research on this.

The onion, of course, was born in Madison back in 1988.

And we had Scott Dickers on our cable access way back then.

He's

the guy who helped create the onion.

And not only that, but Scott Dickers participated in, I think, the very first Onion Radio broadcast.

We had it at WMAD.

You and I. We asked him, could you do this?

And he came up with a broadcast news edition of The Onion.

And it was just great.

Their first foray into radio.

That's right.

On the John Peterson show?

Yes, and I'm sure it's in the book.

No one certainly

called me and asked me,

hey, how did all of this happen?

I feel like I'm lost in time.

Well, we'll have to buy the book and see.

No

one's ever given us credit for the onion, and no one's ever given us credit for triple M, being the triple M station that it is.

Scrum.

I might as well just... That's why I came up with Demo-Kermudin.

I

just like to complain.

Okay,

alright.

Is it time for Would You Rather?

Dom, what do you think?

Is it time to change the subject?

Yeah,

it's time.

Let's go to

Would You Rather.

From the onion to Would You Rather, let's do it.

Okay.

Oh yeah, well that's a smooth transition.

Alright.

What?

I could not hear it all that time.

Alright.

Amazing stuff.

First question.

Would you rather live for one whole year eating nothing but prime ribeye steak or crispy fried chicken?

It's kind of based on what you like more.

That's pretty much it.

Well, they're pretty fatty both.

Both items, I don't know.

I would say fried chicken for me

personally.

Fried chicken?

I'm gonna go for the steak.

Steak, really?

Yeah.

I'm gonna go for the chicken, but I prefer the steak.

I know meat's not the greatest thing for you

Yeah, and steaks too.

I don't know it steaks takes forever to finish and it always gets all over my hands And

I could

always knock some

I can knock some of that breading off if I wanted to

oh,

yeah true Yeah, yeah, so I could protein the healthy way right thinking smarter not

harder

Alright, second question.

Would you rather all your french fries stay perfectly fresh, which for some reason they never do.

It's all about food.

Or your pillow is always perfectly cool.

That's a bizarre choice.

Wow.

I like the pillow being cool.

I would say the same thing.

Yeah.

No.

No,

I'm fresh.

French fries.

I

hate old French fries.

You

know, they really have to be right out of the fryer.

You're right.

For me, I just... I'm kidding.

They get soft.

They get

soggy way too easily.

And

the problem with French fries is that they don't fry them long enough.

I like them brown.

I don't... I don't... Mushy French fries.

What is that?

What are they trying to do to us?

Just fry the damn thing, make them dark brown and...

and they become crunchy and tasty.

You

like ketchup with your fries?

I

do not like ketchup.

Really?

I was gonna say, hey, but I don't hate it.

It's just that, yeah.

In fact, if they're mushy, then yeah, ketchup, fine.

Okay.

How about a little salt?

No, you know, I'm trying to lighten up the salt intake.

Okay,

is that it for would you rather?

Where's the clothes?

I

honestly forget that I have a clothes now.

I'm so used to like not having a clothes and Too late for that.

Okay.

Well, that's going out without any clothes.

No, we gotta do it.

We gotta do

it

Have a good have a good one every

one

Very good gets buried in the reverb.

Yeah lost in the mix Okay, a little while we're gonna talk to wolf repass Financial tech expert crypto.

Yep bitcoins.

You'll know his stuff.

He's got all that down.

We got a lot of

stuff coming up on the show today

and Mike McCabe to our next stop I'm

gonna play a little mind game with everybody a mind

game.

Yeah What's that?

It's your phone.

It's my phone.

I said something about Bitcoin and Coop

Google picked up on it

telling us I gotta tell everybody

I got

it.

I I forgot this story.

Why okay?

We got we got enough time.

Yeah, I think so.

We got up.

Yeah, we got

I was standing out

there in the lobby.

Yeah, and I asked I said

Hey, Google, and I asked a question, right?

And everybody's phone went off in all of the offices.

Everybody got the answer.

Everybody's

walking around like, what's going

on?

Why is my phone

going

off?

Why do I want to know this?

That

was pretty funny.

Yeah, that was crazy stuff.

That's good.

OK.

We're just getting going on this Wednesday.

You can join us, give us a call, 608-879-8255 or jump on the Civic Media app, send us a voice note or a text.

Coming back with more of John Peterson, Gordy Young, and Dominic Lee after this.

Kathryn Lake

You're listening to Civic Media.

Stay up to date on the latest news and information for your local community and Wisconsin by signing up for our free email newsletter.

Visit civicmedia.us slash email to get started.

It's

Wednesday, I'm still not you know, I'm

grouchy.

I don't know what it is.

I'm just grouchy tonight.

Not get enough sleep last

night.

No, I got a lot of sleep.

I've

been trying to

get a lot of sleep the last couple of days.

That's 23 minutes past the hour.

It's 59 degrees highs in the mid 80s today.

Kathryn Lake

Oh, you

bet.

The person who wrote the book on the onion it's called the book is called funny because it's true and Christine Wentz WENC Christine Wentz wrote that I don't know that person.

I don't either But it says discover the real truth behind the original fake news with this in-depth history of beloved humor publication the onion wonder

if she went to

the demochromudge.com site again, demochromudge.blogspot.com.

You can go to the John and Gordy media world show.

And then search out, in that tab, search out The Onion and you'll come up with a couple of programs.

We've got Scott Dickers on there who came up with The Onion and we've got two reporters from The Onion and we treated each and every one of their important stories as if it were

real.

So that was a long time ago.

That was about somewhere around 1990.

Yeah, somewhere in that

area.

Yeah, way back.

Yeah, way back.

I'm thinking now that maybe it was fun.

All right.

All

right.

Yeah.

And we were talking about French fries.

You know, I do like crispy brown French fries and Lynn out in Golden Valley.

Yes.

Kathryn Lake

She

had a little tipper.

She said, two years commuting to Idaho for work, saw lots of potato documentaries.

What do they have on billboard?

You sit there and watch a billboard, documentary on potatoes.

And she says McDonald's dehydrated their raw fries to make them crispier

Kathryn Lake

after flying.

Wow.

That's a

great idea.

Yeah.

If you

take the moisture

out, a little bit of the moisture out, they do get much crispier.

Katherine, go a little farther down there.

I'm not bringing Grumpy John to the WBA job fair today.

That's right, the Wisconsin broadcasters are having a big job fair from 10 to noon at, I don't know, what's the hotel over there?

Marriott West.

Thank you.

Oh, Dom's gonna be there, too.

I will be there, yes.

I'll be, you know, I'll be basically there.

But you're not invited anymore, John.

It's right next to my house.

Alright,

well come on over.

I don't know.

Why do I want to go there?

No one wants a Donner like me walking.

Complaining about broadcasting.

Talk to John Peterson over there.

No, don't get into radio, whatever you do.

Yeah, okay.

Good idea.

Grumpy John.

All right, uh, you know, we're obviously, you know, going to get into some, uh, heavy topics here.

Um, AI advising kids.

This is, uh, an area they're getting into, uh, all sorts of things.

And, uh, I mentioned yesterday and I wanted to get to it.

It's the, uh, Stephen Miller rant.

I, I just, you know, it's just something funny about him.

He's

just

amazing.

He really is.

Where

does he come up with this stuff?

He.

It's so wonderful to see somebody just be so creative on the spot.

It's such a horrific way.

What's he got going

on?

He's angry about the left wing and they want to destroy us.

This really got him going.

He was on...

a rant for immigration for a long period of time, but now he's found a new subject and he likes this one.

Okay, he really likes this one.

And then Ilan had a few things to say and Morning Joe, they had something to say about the Civil War that is supposedly coming up here.

And Laura Loomer, what a strange, unusual person.

She wants to lock up the left and then we've got

Confirmation bias everywhere is something like that confirmation bias.

No, it's it's where you Reinforce what people already believe is true even though it isn't true so that you just keep repeating it in other words if you're little I long enough it becomes the truth But that's it.

That's what you're doing when you reinforce this stuff.

It's confirmation bias and I've got a great example of that from Fox News It's just wonderful.

Okay, and you hear that you'll know what?

confirmation biases.

Are we going to play that for our listeners now or are we going to hold that over?

Well, that's all part of idiocracy.

Oh, you're just previewing

idiocracy.

Come on, I'm just trying to get everybody up and ready for work today.

Grab people's attentions.

Yeah.

Just a little taste of what's coming up.

Well, good.

Apologize to anybody that...

That

was on the edge of my chair there for a minute.

Bringing them down here, you know, it's, you know, we've got so many things coming up tomorrow too, you know.

The right wing seems to want to put kids on the front line.

Everything they're doing again is for kids.

Now it was easy to do with CRT in the schools because there wasn't CRT in the schools, but they created that scenario and people bought into it.

And everybody talked about kids and saving the kids.

And they put them on the front lines and all the parents stood behind them because they don't have the courage of their own thoughts and ideas.

So anyway, the kids are out there again now on the front lines and the culture war.

And it's really disgusting.

And we'll get into that tomorrow.

OK.

And coming up in our seven o'clock hour, as he does every Wednesday, Mike McCabe will join us.

And this time around, he's got a new substack article about reverse engineering.

There's a reason it's called doom-scrolling and not hope-scrolling.

So he'll tell us more about that in our next hour.

Yeah, okay, and My job is mr. Positive, you know.

Well, yes Somebody's got to be I gotta say I hope scroll a lot then.

I hope scroll.

Yeah way too much.

You're

hoping for a good story

I

appear amongst the bad stories.

I always go

in gloom stories.

Yeah

And coming up in about 20 minutes, we'll talk to Wolf Repass.

And he's going to tell us about Bitcoin and crypto financial stuff.

We'll learn all kinds of things.

Everything you wanted to know about Bitcoin.

We were going to start from the beginning because none of us understand it.

That's right.

All right.

Midwest Food and Farm Report is coming up.

And then we're back with more of John Peterson, Gordy Young, and you, dear listener.

not necessarily reward intelligence with no natural predators to thin the earth.

There is a place without boundaries, a place without limits.

Welcome to Costco.

I love you.

A place that is about to be violated.

Idiocracy.

For the smartest guy in the world, you're pretty dumb sometimes.

WMDX 92.7, John and Gordy in the morning.

It's true, I haven't really talked about my home away from home Costco lately.

Yeah.

Why is that?

I'm waiting for it to become a city.

It will someday, just like in Idiocracy.

Okay.

Well, can't wait till that day because you'll be there at the ribbon cutting ceremony.

Ribbon cutting

ceremony.

You're right in the front row.

We've got a few clouds this morning.

We should be in for a good deal of sunshine mixed in with some clouds here and there 59 degrees currently highs today in the mid 80s.

It's gonna be another warm one.

Yeah.

All right, just talking about something prior to Idiocracy here.

Yeah.

Well, we were kind of talking about Idiocracy in a way.

It's this monuments

Day today, it's a deadline for Monuments in our national parks right to be taken down if they're not positive Okay, and and mark wrote in surprise trumped hasn't insisted on the statue of Hans Christian Hague

be removed from the Wisconsin state capital because he helped steal slaves and helped them escape to Canada in defiance of the Fugitive Slave Act.

And he was an immigrant from Norway, one of those socialist countries.

So, I mean, you know, all

those

reasons.

That's

a

negative.

That should be poached.

We don't want that kind of stuff around here.

No

sir,

no sir at all.

I don't know where I was going with that accent.

You don't do a

lot of

access.

You're right.

That's why.

Okay.

Phone lines are open.

608-879-8255.

And you can call us or text us on the Civic Media app.

All right.

Free to download, free

to use.

This is idiocracy.

Oh,

let's talk about something, Scott.

brought up here in our text.

See, we get your text and we want to talk about the subjects you are interested in.

That's the way it works.

And he says, are you fellas going to talk about Constitution Day?

Monday in the school districts, they're told by the Ed Department, the federal Ed Department, under secretary to honor Constitution Day in school or lose federal funding.

There you go.

Forced nationalism.

You love that stuff, huh?

Okay.

really Constitution Day that missed I didn't have that on my radar

it's never it's never been mandated before everybody can you know participate if they'd like to in their schools but it's it's now being used by this administration to press and force that nationalism on us you know we're the greatest nation in the world even though we have fallen well behind all the other nations at being great

But

they

don't

actually, they haven't read the Constitution.

No,

they don't even know what the Constitution is.

And so now it's being mandated or you don't get federal funding.

So that's our first story and thank you Scott

for contributing

to the show.

Yes.

All right.

I've got so much stuff here, right?

You

know, I'm just paging through everything that I have.

Got a big stack of stuff.

I do.

I do.

So why don't we get to AI?

It's helping kids now.

Experts warn that some kids may be confusing chatbots, bots with actual human relationships.

I don't think they're confusing it.

It's just they probably prefer it.

So

this

is cut 60.

Do we have cut 60?

About...

Chatbots?

Dom

is shaking his head, no.

I don't see anything about Chatbots.

I'm cut 60.

Well, why don't you try last month?

I'll try last month as well.

Give me a sec.

Holding onto this for a while.

It's not like

this one is going to get old though.

It's like something in your refrigerator.

It's got a little bit of mold on it, but you can knock that mold off.

It's just as good.

It's like

aged cheese, you know.

It gets better as you store and save it.

Nothing, huh?

Yeah.

Maybe I'm gonna check even previous months prior, okay?

Yeah, why

don't you do that and I'll just go on to the next story I gotta watch myself here.

I saved these stories for a long period of time.

Okay.

It is time once again

to get into and enjoy the tonal quality of Stephen Miller's voice.

Oh, good.

I'm waiting for

this one.

Okay.

Stephen Miller vowed that the Trump administration would dismantle and alleged vast domestic terror movement that he linked to the killing of Charlie Kirk.

Now I'm unfamiliar with this movement just like I'm familiar unfamiliar with all the checks that I'm getting from George Soros No one keeps me updated on any of those checks or where they're being deposited Yes could be a big crime somebody stealing my money, but and a plus they don't get a lot of the the memos that the Republicans say we get in order to you know come to yeah some

March the March March

March walk the talk talk the walk

so anyway He said Stephen Miller said this we are going to channel all of the anger that we have over the organized campaign that led to this assassination to uproot and dismantle these terrorist networks Okay, we don't know where they are, but okay He says we are going to use every resource we have the Department of Justice Homeland Security and Throughout this government to identify disrupt dismantled destroy

Always a positive message.

Where does he come up with

this stuff?

I

know.

He must be a, well, the guy you go to at a party.

Okay, I'll tell you what, I don't know.

I don't want to steal any of his thunder here.

Why don't we listen to him say this stuff?

This is cut 97.

Okay.

Where the left calls people, enemies of the Republic calls them fascists, says they're Nazis, says they're evil, says they have to be removed, and then prints their addresses.

What do you think they're trying to do?

Calm down, man.

They're trying to inspire someone to murder them.

That is their objective.

That is their intent.

It is.

And when you see online, Sean, as we've seen for the last few days, tape after tape after tape of federal workers, bureaucrats.

Staffers in the Pentagon, educators, professors, healthcare workers, nurses.

Celebrating the assassination of Charlie Kirk.

These are radicalized people.

There is a domestic terrorism movement in this country.

And let me tell you something, I don't share with anybody.

But the last message that Charlie Kirk gave to me before he joined his creator in heaven, was he said that we have the dismantle

and take on the radical left organizations in this country that are fomenting violence.

That was the last message that he sent me before that assassin stole him from all of us.

And we are gonna do that.

Under President Trump's leadership, I don't care how, it could be a Rico charge, a conspiracy charge, conspiracy against the United

States.

insurrection, but we are going to do what it takes to dismantle the organizations and the entities that are fomenting riots, that are doxing, that are trying to inspire terrorism and that are committing acts of wanton violence.

It has to stop.

And my message is to all of the domestic terrorists in this country spreading this evil hate, you want us to live in fear, we will not live in fear, but you will live in exile.

And you will live in fear.

With these

what organizations here for

all by itself,

right?

Yeah, I I don't know what organizations Democrats are the worst organized people in the world Good luck going after these organizations that don't exist

It really is surprising to hear these people talk about all of the people that are out there celebrating Charlie Kirk's death You know what leave alone.

It's it's none of your damn business

What they say, what they do.

They're saying this stuff.

If they want to say it on social media, that's their problem.

Why do you have to get involved?

Why is it your business?

That's the question I have over all of this.

These are the bad neighbors, the cravitzes.

Living next door to you and they're all over the country reporting what their neighbors are doing.

I'm gonna stop my neighbor from saying this Leave of Malone.

It's none of your business do something constructive

the Kravitz is just for people that don't know what that reference is Talking about the show be witched

Back in the early 60s.

One of my political references.

The Kravitzes were the neighbors of the Bewitch people.

Gladys Kravitz was something else.

She always had the binoculars looking at the neighbors next door and looking at, you know.

Samantha and Darren.

I know.

Why do these people feel like they need to say anything about these people?

So what?

And then of course, you know, they talk about it and then it blows the whole thing out of proportion.

And then it seems like everybody's doing it.

Everybody's celebrating, you know, the death of Charlie Kirk and they're not.

It's just a few people here and there.

Leave it alone.

do something else with your damn lives holy mackerel yeah all right and you know here just added note here the president uh said he's considering designating antifa a domestic terrorist organization and bringing organized crime charges against those racing funds for alleged

Agitation.

You know, we heard about agitation so much during the Walker administration because everybody in the protests were agitators brought in from out of state.

Oh boy.

Well,

Kathryn Lake

that

never happened.

Anyway, Antifa is short for anti-fascist, which isn't a bad thing.

No.

It's an umbrella term for a diffuse far left number of groups all over the place that form instantaneously to fright right wing.

violence.

Yeah.

Right.

So I mean, that's the whole point.

Antifa isn't an organization.

Now, my mega friend in Milwaukee, so yes, so it's a, it's a global organization.

It's global.

Everything, you know, is bad globally.

Okay.

So anyway, I, again, I'm just so tired of these people making all these villains off.

Yeah.

Let's go to the phones.

We have Kurt on the line with a comment or a question.

Good morning, Kurt.

Go ahead.

Good morning.

The only thing Steven Miller was missing was a mustache and slamming his fist on a podium.

Yes.

Yeah.

It wasn't at something.

I mean, he just wouldn't stop.

It's just so energized over something that doesn't exist.

Right.

Time for the shepherd's suck.

Yeah.

That's right.

That's right.

I wish that would work in this case.

All right.

Kurt, thank you.

I appreciate it.

We got a text here from someone, Matt, in Middleton, actually, says, if there were a poll for ugliest politician in American history, would Ted Cruz or Stephen Miller tie?

I think Miller would win when you take into account his voice and his views.

Did you see, I saw the video of Ted Cruz with a roller, paint roller, and he was

Rolling over a spray-painted sign

Kathryn Lake

saying something

about Charlie Kirk.

And he didn't want that kind of stuff around.

I don't know where he was.

He was outside.

I think he was in

Texas.

With a big paint roller.

Yeah paint.

Oh, you know rolling paint out the thing here is okay It's it's it's ugly enough just having somebody spray paint something on a sign outside and people get to see it But then you have this guy with a big paint roller Making a huge mess dripping paint all over the cement the sidewalk everything else.

Yeah Well, he probably hasn't handled a paint

roller

in

a while.

Yeah, somebody had

to show him what it

was

It's not a good look.

It's nice to know he's, you know, trying to do his part.

Okay.

Let's see here.

We've got to come back here with Oh, our guest, our financial person.

Wolf.

What is it?

Repass.

Repass.

Wolf repass.

We'll join us next on John and Gordy in the morning.

We're going to talk financial stuff like Bitcoin and crypto finances.

Find out all about it.

Stay

Kathryn Lake

tuned.

On stage three WND acts John and Gordy in the morning and give us a Give us a text or

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All right.

Okay.

Do we have do we have Wolf with us?

Yes, we do.

We had a little phone problem there.

Very big phone problem.

I don't know what that was.

But we do have Wolf repass with us this morning.

Good morning, Wolf.

Welcome

to the show.

Good morning, guys.

How we doing?

Good.

Good.

Doing great.

So

Tell us about your company and what you have to do with Bitcoin and not

really familiar with crypto So help us out a little bit.

Wolf.

You're with fold how

holdings, right?

Yes.

Yes, we do business as fold app And good news for you.

We're not one of those crazy complicated crypto companies.

We currently provide traditional banking products for consumers.

So

We have a FDIC insured bank accounts, debit card, credit card, bill pay functionality, peer-to-peer payments, gift cards, et cetera, things that you know and love today.

But we just put a Bitcoin twist on them.

So instead of earning points or cash back or miles, we give you Bitcoin rewards.

We also have a Bitcoin exchange if you want to buy or sell it.

So pretty simple products.

And we're just approaching it from a from from the bitcoin angle instead of the traditional banking angle.

Now we know that there's not a lot of money involved in all that stuff.

So how do you exchange the bitcoin for actual products?

Yes, our products are very similar to what a bank is today.

We earn interchange every time someone swipes their debit card.

We earn transaction fees when people buy bitcoin or buy gift cards.

So yeah, we're not selling a manufactured product ship to the door.

We're taking volume through our platform and taking a little piece of it as we provide the functionality for that to happen.

Well, this sounds like a really good idea.

It kind of introduces people to Bitcoin and it's, you know, risk-free, none of the stuff that confuses most people like me and everybody else.

You know, we can just, you know, accumulate those points and then do what with those points?

Yeah.

So our reward model is Bitcoin.

The second you do something, you swipe your debit card and you go to the store, you go to the restaurant, you earn Bitcoin.

It sits there in your account.

You can see the value on day one as the price of Bitcoin changes the value of your rewards change and then you can use that Bitcoin to To to withdraw it to your own personal Bitcoin wallet if you want to save it as an investment You can cash it out into cash if you want to go then spend it at the coffee shop Very similar to any other type of reward, but we believe that Bitcoin is a far superior type of

loyalty program and some of the traditional ones that exist today.

Well, that

sounds like a great idea.

So how do you get started doing something like this?

You open an account and then just goes from there, right?

Yeah, that's right.

You can find our app on iOS or Android, download it, sign up.

Like with any bank account, you do have to go through

Know your customer identity checks.

So put your information in, make sure you're a real person and then you have an account.

So pretty simple, no different than opening a bank account anywhere

else.

So how is it tied in with the card that I use?

How do I

add it to the card?

That's a great question.

So you can add our card to Apple Pay, Google Pay, or whatever you're using if you have

additional wallet.

Our platform also allows you to bring your own card.

So if you have debit cards from your local bank, for example, a credit card, you can bring it, add it to our platform, and make purchases through merchants directly through our platform.

Wow.

And so what is the app that you

Recommending there or you're promoting.

So our app is called fold app that's ours and You can find us on any of the app stores today.

Okay, and if people want to find out more Do you have another website or a phone number you want to tell us

about?

You can you can find us on fold app calm quite a bit of background on our products there and We're pretty active on socials as well primarily

We're on Twitter.

That's where the majority of the Bitcoin industry space lives.

So pretty loud on there as well.

So, you know, we're not real familiar with this part of the industry, but I think it's pretty innovative that you can add benefits to your cards where normally you're shopping for a card that has benefits.

This way you can add the benefits after you have the card, right?

Yeah, that's right.

So I think.

We love it.

I think it's you know, Bitcoin comes off to a lot of people as confusing and intimidating and Approaching it from the rewards angle We view as a much less intimidating way to dip your toes into the industry to understand it to see if you like it All right, and so

we we can again advise people to search out the fold that's fold and at Google

Store or wherever and play and or

yeah

Apple right and add it to your list of benefits.

That's great stuff Wolf repass.

Thanks for joining

us.

Yeah, thanks for the information

Thanks guys.

Have a good one.

All

right.

Have a good day.

Okay coming up in our next hour Mike McCabe will join us talking about his latest substack article We've got much more a no risk way to get into Bitcoin.

Yeah, I like that idea coming right back with more of John and Gordy

Kathryn Lake

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