If you just want to buy Bitcoin, let's say you want to buy Bitcoin with Stablecoin or Trade Spot B-T-USD, it's really a question of fees. Coinbase will scalp you, 70 bibs for a trade. Whatever whatever value you're trying to trade, you're getting scowl. Trading on Binance, a little bit better. Cracking, kind of the same. Like, these exchanges don't have any pushback because there is no optionality, right? Like, it's not like Bitcoiners can just pack up and be like, all right, I'm going to go somewhere else. There is nowhere else. So I think for them, it's a question of fees, right? If you lower the barrier entry and any market can define its own fees, then it's a question of where liquidity is parked. And I can go on chain and buy Bitcoin

for 20-30 bibs. It depends on what market you're trading on, right? The second is, you know,

these Bitcoin native assets. So I'm not in the Bitcoin world. I'm starting to be the defy

opportunity for Bitcoin is huge, right? There's this latent value that's waiting to do more and

and kind of deploy. We've seen it with ordnals, versus 20s, ruins. There's clearly a lot of

excited. I mean, we've even seen it with Odin fund doing, you know, however many million

dollars in volume since relaunch after getting hacked. It's insane. People have an appetite

for this. And we're enabling exactly

that at, you know, a lower trust vector. So it's about really lowering the floodgates and

enabling Bitcoin to trade.

Welcome back to Bitcoin's season two. I have CEO of FlashNet, Ethan Marcus, with me on the show. Welcome to Bitcoin Season 2, Ethan.

I appreciate it. Thanks for having me. So you guys raised, if I'm looking at this correctly, at the beginning of this year, 25, and also the year, you know,

a raise led by like

who's who of the fintech and capital markets,

including Blockspace's own,

Whart.

Because my first question is,

as a modern era of Bitcoin,

do you think of flashing at your company as being

a like Bitcoin or crypto company or more like a fintech company?

I see this as a Bitcoin company.

I think that there's a fine line between, you know, what is Bitcoin?

...