255 - Bitcoin Winklevoss Jake Paul

**Jake Paul** (0:00)
All right.

**SPEAKER_2** (0:02)
So for the last panel, it's the TimDillon podcast. TimDillon.
Let's hear it for Tim.

**Tim Dillon** (0:16)
Yeah.

**SPEAKER_2** (0:17)
Yeah. Yeah.

**Tim Dillon** (0:19)
Does this work?

**SPEAKER_2** (0:21)
Bitcoin, everybody.

**Tim Dillon** (0:24)
We got a great paddle, everybody.
Stick around. Are you ready to announce, everybody?

**SPEAKER_2** (0:31)
We'll announce the next guys.

**Tim Dillon** (0:32)
Let's do it.

**SPEAKER_2** (0:32)
And then we'll roll it. Tyler and Cameron Winklevoss from Gemini Camp.

**Tim Dillon** (0:37)
Yeah, Tyler and Cameron Winklevoss, everybody. They are here with us. Grab some seats.

**SPEAKER_2** (0:46)
And Jake Paul.

**Tim Dillon** (0:47)
Jake Paul, everybody.

**SPEAKER_2** (0:49)
Thank you, everybody.

**Jake Paul** (0:54)
Go, let's go, let's go.

**Tim Dillon** (0:56)
Yeah, it's okay. Just sit down. Yeah, everybody. And Elon Musk. No, I'm kidding. Wouldn't that be good? You'd kill him. If we brought him in here, you'd kill him. I know you animals would murder that man.
All right. Good to be here. Are you guys excited about whatever just happened with El Salvador?
How exciting is that?
I don't know what happened, but something, apparently, if you don't own Bitcoin in El Salvador, they're going to kill you. And that's good. I don't know, but explain what just happened, guys. What do you guys know?

**Tyler Winklevoss** (1:41)
I didn't hear it, actually.

**Cameron Winklevoss** (1:43)
What happened? They're accepting Bitcoin as a currency now.

**Tim Dillon** (1:47)
They're accepting Bitcoin as currency in El Salvador. That's pretty fucking cool.

**Cameron Winklevoss** (1:53)
Right?

**Tyler Winklevoss** (1:56)
And Tesla's not, so.

**Tim Dillon** (1:57)
What'd you say?

**Tyler Winklevoss** (1:58)
Tesla's not, right?

**Tim Dillon** (2:00)
What?

**Tyler Winklevoss** (2:00)
Tesla's not accepting it.

**Tim Dillon** (2:01)
Tesla's not accepting it. No.

**Tyler Winklevoss** (2:03)
No.

**Tim Dillon** (2:04)
We're bullish on El Salvador here. Fuck Tesla. That's right.
El Salvador is the future. Tesla is not.

**Jake Paul** (2:14)
I'm about to fight. I'm about to fight Elon Musk next.

**Tim Dillon** (2:17)
Yeah. Right.
Jake, do you own any Bitcoin?

**Jake Paul** (2:21)
Yeah. Of course.

**Tim Dillon** (2:24)
Of course.

**Jake Paul** (2:24)
I bought my first Bitcoin eight years ago when I was 16 It was at $100. Stop playing with me.

**Tim Dillon** (2:32)
Eight. Wait. Eight years ago when you were 16
For $100.

**Jake Paul** (2:36)
Yes, sir.
I put my whole landscaping earnings and Vine brand deal earnings into Bitcoin. I had no idea what was going to happen. Best investment to date.

**Tim Dillon** (2:47)
Yeah. You were landscaping eight years ago?

**Jake Paul** (2:50)
That is correct.

**Tim Dillon** (2:53)
You've had a very interesting run.

**Jake Paul** (2:56)
Yeah, to say the least. It's been a roller coaster from Vine to YouTube to Disney Channel to rapping to knocking people out.

**Tim Dillon** (3:06)
Yeah. Are you excited about your brother and Floyd tomorrow?

**Jake Paul** (3:11)
Yeah. Look, I'm excited, right? It's an amazing event, such a spectacle. I'm sure a lot of people here are going.
I'm nervous, man. I get more nervous for when my brother's fighting versus when I'm fighting because I can't control anything that's happening.

**Tim Dillon** (3:27)
Are you nervous about Logan getting hurt? What are you nervous about?

**Jake Paul** (3:31)
I think just anything in general.
He's fighting one of the best boxers in the history of the sport. I know he's prepared. He's done everything right. He's trained nonstop, trained his ass off. This kid can fight, but you're going up against Floyd Mayweather, which is no joke. Anything can happen in that ring. To see your family member in there, it's quite literally a death match.
To sit there front row and watch that, if he starts getting punched in the face, I just start to...

**Tim Dillon** (4:08)
Yeah, he probably will get punched in the face.

**Jake Paul** (4:10)
He's definitely going to get punched in the face.

**Tim Dillon** (4:12)
That does seem to be part of it.

**Jake Paul** (4:14)
If you're a mechanic, you're going to get dirty. If you're a boxer, you're going to get punched.

**Tim Dillon** (4:18)
It's crazy, man. It's an amazing accomplishment, really, no matter what happens.
So to ask you guys a crypto question here. There's a lot of other cryptocurrencies out there. Why Bitcoin? Why Bitcoin? Why is it the inevitable reserve currency? What about it do you think, and what weaknesses does it have, that other cryptocurrencies may be able to exploit, if any?

**Tyler Winklevoss** (4:45)
So I think because it's fixed supply, it makes it the ultimate store of value. It's also the first, so there's a huge first mover advantage, but no other cryptocurrency has the characteristics that make Bitcoin so hard and sound, why we call it Gold 2.0.