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live from plant lab in austin texas this is stacker news live hello ladies and welcome

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back to another exciting episode of stacker news live my name is carl with my bff keon

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and plant poet has decided to join us let me uh eat that real quick there you go hey

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because we're talking about my favorite.

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There you go.

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We're talking about your favorite person in the world,

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Jack Dorsey, this week.

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Keon, how was your week?

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It was really good.

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I can't even describe all the great things that happened.

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I also don't want to brag about how awesome my life is.

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Everyone online, it's a bad look.

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So I'll just say that I spent most of my time in my office

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and I did nothing otherwise.

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and that will make people feel better maybe about their lives.

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That's what I did this week.

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How was your week, Club Poet?

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Okay.

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I just want to make a quick clarification about who my favorite person in the world is.

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Number one, it's going to be Austin Kelsey.

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And then after that, it's going to be Ethan Hawke.

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And then maybe...

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Ethan Hawke, really?

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Yeah, yeah.

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They're local.

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Okay.

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Wow.

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So you really like that?

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Rogan podcast with him probably.

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I did really like it.

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It was great.

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He had some new stories I hadn't heard before, so that was great.

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Because I've probably heard every podcast he's been on by now, which is not a lot.

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If Ethan Hawke came out with a Bitcoin exchange, Bitcoin app thing, would you use it instead of Cash App?

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Wow, I would have such a conflict right there, maybe.

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I would try it.

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Yeah.

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You'd be obligated to.

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I would be obligated to try it.

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If he's number two, yeah.

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At least until Austin comes out with his own.

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Yeah.

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But I don't know if Jack Dorsey is third.

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He might be in the top five, though.

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Oh, wow.

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That's awesome.

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Dang.

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Demoted.

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Today on...

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You got fired, Jack Dorsey.

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You got fired.

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If you've never seen this great show before, it's called Stacker News Live.

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We cover the top three stories on Stacker News every week.

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It's the front page of Bitcoin.

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this week our most popular video

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was the

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BTC Prog one. Had 19 views.

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But, yeah.

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Yeah, I think they retweeted it.

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They liked us talking

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about them. Yeah, I think there was a comment there

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we'll talk about later. But, yeah, if you're

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interested in all the sorts of crazy stuff that we do,

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go ahead and take a look. There's

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a bunch of Wumble clips here,

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some surveillance stuff, some AI

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girlfriend stuff. We got it all.

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It's like a drive-thru for news

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on Stacker News Live YouTube channel.

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Definitely unsubscribe.

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I think calling it news is a bit

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overselling it.

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I mean, we cover the news. Unsubscribe

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while we have here. I think it's just more

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entertaining form of news, maybe?

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When we're in a good mood?

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I don't know. Is anyone learning anything?

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I don't know. People keep subscribing for

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some strange reason. I mean, we're just

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harmonizing. I feel like we were a lot better.

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We were definitely better

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at our jobs, like, 200

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episodes ago. I would say we've gotten worse,

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but that's me. I'm a harsh critic.

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Wait, that's your

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opinion is what you mean? I think we were

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better at talking about the news like

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200 episodes ago. Well, what changed?

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I think we just got jaded.

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Just got jaded.

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Bitcoin has a way of jading you over

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time, and I think that's what happened. You mean we

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need, so we need to

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be more bullish and stuff and hopeful?

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No, I'm saying yeah, we were definitely

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more hopeful. I mean, get the DVD.

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It's on Fountain, but

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So, yeah, because we spent a lot of time looking at it.

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I'm sure Wumble would agree.

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Wumble, would like to hear your thoughts on that?

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But we heard it from Blockchain Book.

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He basically told me that in TabConf, remember?

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He was just like, yeah, you've gotten more jaded over the years.

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I was like, yeah, that makes sense.

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That's what I'm saying.

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I don't understand why people are subscribing.

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It makes no sense.

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Don't you feel that you have?

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100%.

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Yeah.

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I don't know.

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But that's what Bitcoin does to you.

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It just makes you tired.

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And over time, like, you lose all that joyfulness.

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I'm trying to find a way to get it back, but it's a work in progress.

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I don't know if I feel jaded.

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I just feel...

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You definitely have some takes.

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I feel like I'm less susceptible to certain kinds of false hopes now, I think.

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But is that jaded?

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I don't know.

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Yeah, that's definitely jaded.

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I know it's like, it's sort of like being jaded.

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Yeah, if everything that comes out of your mouth is negative and not hopeful, that's jaded.

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if anything comes out of my mouth

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everything that comes out of your mouth is

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so you're saying everything that comes out of my mouth is not hopeful

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most times these days

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pretty much

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most isn't everything

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so let's get clear here

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I would say like 80-20

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that's a shot in the dark

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I don't know

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I feel like I was at 90%

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last year, 90-10 last year

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and then this year I've come down

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so I'm probably like 80-20 now

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like you

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okay yeah where about even let's see who can be even more hopeful and optimistic as the year goes

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on yeah have a hopeful competition i'm hopeful about bitcoin i'm not hopeful about people

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as a relationship with bitcoin like that's that's like where my hope kind of ends uh yeah it's like

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i just think i think bitcoin's hard and that and people don't people won't get it for a long time

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What about you, Plepo?

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How do you feel about this?

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I'm hopeful, and I also kind of just, like, do my own thing and don't really get into the weeds of things that would make me jaded.

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And I kind of just take it a day at a time, and I just say, praise God.

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There you go.

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We're going to jump into the top three stories now on Snacker News Live.

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The number three top story this week is A Layman's Guide to BIP110.

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Speaking about being hopeful, this is from Billy the Kid.

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He sent it all to Lomp.

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12 comments, 13,500 stats.

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Key on.

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What's going on this week?

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Yeah, we don't have to go over this too much, but I wanted to.

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It is a nice overview of an argument against BIP-110 for someone who maybe hasn't been paying a lot of attention over the last few weeks.

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Oh, we've been paying attention.

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Where we discussed BIP-10 quite a lot.

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I don't think a lot of people have paid attention to the details.

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They're certainly paying attention to the drama.

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on various social networks because that is fun.

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But this isn't really fun, trying to understand what's going on.

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But Lopp does a pretty good job, I think, of providing a position against the fork.

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He describes it as adding seven new restrictive rules to Bitcoin transactions.

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And that's kind of what the main thing that the fork does.

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And it tries to do that in a temporary, it claims it'll only be temporary and they'll

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reevaluate in a year.

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So after a year, those changes will fall out.

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or get reestablished or new rules will come in.

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His arguments against it are primarily that it will likely freeze funds in edge cases.

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So if anyone is holding on to, while it exempts any UTXOs prior to activation,

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if anyone has like pre-signed transactions that are invalid in this fork,

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they won't be able to get them confirmed.

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So that kind of sucks.

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Let's see.

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It also suggests that the network can choose after the fact, after putting rules into place, that it will change the rules to the disadvantage of certain people and certain transactions, which kind of murkies the water with respect to censorship resistance.

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claims that the big reason with spam

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is much more that we don't have a competitive fee market.

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There's just the blocks are kind of empty,

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so there's nothing pricing out spam.

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And that regardless of the transaction mechanisms that we have,

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the fee market is a bigger thing to consider when we have spam.

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So it's not that we have these certain transactions

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that BIP-110 is attempting to restrict that causes spam.

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So it's just that it's really cheap to put things on chain

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because there's no one trying to put things on chain right now.

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You know, a lot more stuff about dividing the ecosystem.

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But I also wanted to cover his, he makes a few predictions.

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He thinks a BIP-110 supporter will get desperate

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around the time that the fork is going to activate

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and put CP on the chain is what he predicts.

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What else does he say?

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He says it won't activate by a 55% minor threshold.

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He thinks Ocean will be the only pool running BIP-110.

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And if they stay on the fork, they'll only produce one to two blocks per day,

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and it will take them basically three years.

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to get to the next difficulty adjustment, which is two weeks or so.

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So the rest of the network with a super majority of hash rate will take them two weeks.

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It'll take Ocean three years because they'll have such little hash rate.

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Yeah, that's kind of what's going on.

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My prediction is that Ocean will capitulate.

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I think they will, something will happen before activation

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where it seems like it's not going to activate.

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I think they'll just stop pretending that they're,

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or stop believing that this will happen

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and stop all the fun around it and stuff.

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Are you looking for supers?

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No, keep talking.

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I was trying to get something ready here.

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Yeah, that's most of what I have to say.

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It's like a nice, last week we covered,

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Melvin Carvalho's pro BIP-110 website that was kind of like BIP-110 is inevitable.

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There's no harm.

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It does no harm.

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It's great.

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It was relatively light on the details.

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And this is a blog against it.

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I think that has enough detail where you can kind of understand what's going on and then think about it.

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Hey guys, this is SupertestNet and today I just wanted to show off my latest invention,

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which is Forkalicious.

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What is Forkalicious?

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Well, it is a fork visualizer.

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It lets you visualize possible outcomes of the BIP-110 soft fork if it becomes contentious.

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And I want to show you guys how it works.

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Super made a really interesting video about the different scenarios that would happen if

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the fork actually took place.

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I think it's just a really good kind of base understanding of how it kind of takes what, I guess, Jameson Lomp was trying to do with words.

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She's wearing her jacket.

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And this one feels a little bit more just kind of like educational so the plebs can kind of understand what's going on.

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But he kind of goes through it all.

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I definitely recommend checking it out.

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And, yeah, I think that's kind of my opinion on it.

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I don't know.

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I've got a question about this.

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Yeah.

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Will there be a song

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For Galicious

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To come

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That does sound like a

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For Galicious

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Oh yeah

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Wow

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There's a

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We need it

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What would be the backing

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Because you always use backing tracks

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What would be the backing track though

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For Galicious

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That song

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How does that song go

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You know

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I don't know

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I don't know

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I don't remember

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Well if I sang a little bit of it

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Just give me the hum

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00:12:09,140 --> 00:12:09,160
Just give me the hum

259
00:12:09,160 --> 00:12:10,360
YouTube would flag it

260
00:12:10,360 --> 00:12:11,080
Just give me the hum

261
00:12:11,080 --> 00:12:11,860
It's

262
00:12:11,860 --> 00:12:15,300
Oh, you're going to do it such a good job that YouTube's going to be like, this is copyright.

263
00:12:15,680 --> 00:12:16,040
Exactly.

264
00:12:17,340 --> 00:12:19,220
The black eyed peas are not on this podcast.

265
00:12:19,220 --> 00:12:20,680
I'm trying to think which one's Fergalicious.

266
00:12:20,900 --> 00:12:24,700
This is like, is it that one?

267
00:12:24,900 --> 00:12:25,680
It's like a rap.

268
00:12:26,020 --> 00:12:26,360
Okay.

269
00:12:26,580 --> 00:12:27,840
Yeah, maybe Super can do that.

270
00:12:28,500 --> 00:12:34,620
But I think he's been doing a lot on his GitHub as far as like, there was this one, the Forgalicious one.

271
00:12:35,280 --> 00:12:37,660
And then he made, what was the other one?

272
00:12:37,660 --> 00:12:45,240
the red yeah the red blocks one is another one that he made as well too um and basically this

273
00:12:45,240 --> 00:12:49,180
one is when you load the site your browser connects to a semi randomly selected electrum

274
00:12:49,180 --> 00:12:54,200
server from which it downloads the latest bitcoin block headers for the current bit 110 signaling

275
00:12:54,200 --> 00:12:59,680
window then it checks the data so he kind of basically saying that this will either uh this

276
00:12:59,680 --> 00:13:05,480
will kind of show you more or less what the signaling is looking like right now for bit.10

277
00:13:05,480 --> 00:13:08,540
anyway just wanted to highlight this because he's doing a lot of

278
00:13:08,540 --> 00:13:10,720
good work for the people

279
00:13:10,720 --> 00:13:12,600
to understand what's going on

280
00:13:12,600 --> 00:13:14,520
cool

281
00:13:14,520 --> 00:13:16,160
um

282
00:13:16,160 --> 00:13:18,300
you got any thoughts on this plot poet

283
00:13:18,300 --> 00:13:22,680
um

284
00:13:22,680 --> 00:13:24,720
this is definitely one of those things that

285
00:13:24,720 --> 00:13:26,820
I don't

286
00:13:26,820 --> 00:13:28,540
invest a lot of time in

287
00:13:28,540 --> 00:13:29,060
so no

288
00:13:29,060 --> 00:13:30,720
alright

289
00:13:30,720 --> 00:13:33,900
you got any more thoughts or you're good

290
00:13:33,900 --> 00:13:35,340
I think I shared

291
00:13:35,340 --> 00:13:36,980
my thoughts. Okay, cool.

292
00:13:37,900 --> 00:13:39,740
And then, yeah, there's a lot of comments here.

293
00:13:39,900 --> 00:13:41,900
Dan has some stuff. Scoresby has some stuff.

294
00:13:42,400 --> 00:13:43,700
That guy's a

295
00:13:43,700 --> 00:13:45,740
slopster. And then there's a lot of people that are

296
00:13:45,740 --> 00:13:47,600
outlawed down there. Or

297
00:13:47,600 --> 00:13:49,760
downzapped. Or wherever they

298
00:13:49,760 --> 00:13:50,400
are. Downzapped.

299
00:13:51,980 --> 00:13:52,840
Alright, cool.

300
00:13:53,500 --> 00:13:55,740
The next number two top story this week is

301
00:13:55,740 --> 00:13:57,240
Mt. Gox Collapse.

302
00:13:57,900 --> 00:14:00,060
The full story. This is from Raw Avocado.

303
00:14:00,780 --> 00:14:01,620
22 comments.

304
00:14:01,620 --> 00:14:03,340
11,000 sets. Keon, what's this?

305
00:14:04,080 --> 00:14:05,020
Yeah, so I guess

306
00:14:05,020 --> 00:14:14,120
It was the 12-year anniversary on the 25th of February of Mt. Gox's, I think, ultimate demise.

307
00:14:17,620 --> 00:14:20,780
Most people know at least the high-level stuff.

308
00:14:20,920 --> 00:14:22,500
They lost 850,000 Bitcoin.

309
00:14:24,200 --> 00:14:30,480
And then Raw Avocado goes through what it looked like if you were kind of watching Mt. Gox

310
00:14:30,480 --> 00:14:32,600
or participating in this while it was happening.

311
00:14:32,600 --> 00:14:41,340
So I guess Mt. Gox had a public API that anyone could hook into and see internal transactions and status of withdrawals, which is pretty cool.

312
00:14:41,520 --> 00:14:46,920
I don't know if any other exchange provides that level of visibility to internals.

313
00:14:48,080 --> 00:14:58,600
But on February 4th, there were 41,000 Bitcoin transactions with one of these external monitoring tools that appeared to be in a bad state.

314
00:14:58,600 --> 00:15:03,000
So the withdrawals were not confirming is what it indicated.

315
00:15:03,860 --> 00:15:09,480
Then Mt. Gox issued a statement about it saying that they were just having issues with very large transfers.

316
00:15:10,480 --> 00:15:13,680
And it was only temporary and they had fixed the issue and it had come back.

317
00:15:13,680 --> 00:15:21,220
And then a lot of people in the community who had quite a bit of Bitcoin or any Bitcoin on Mt. Gox,

318
00:15:21,280 --> 00:15:24,300
they got afraid that something was happening.

319
00:15:24,480 --> 00:15:27,360
They got suspicious that they were being maybe lied to.

320
00:15:28,600 --> 00:15:33,220
And so kind of a bank run type scenario happened.

321
00:15:34,300 --> 00:15:39,300
And then Mt. Gox paused withdrawals entirely.

322
00:15:40,260 --> 00:15:45,240
I think that was, I don't know what date that was exactly, but I think that was shortly after the 4th.

323
00:15:45,840 --> 00:15:55,960
And then on the 10th, they issued another statement saying that the bug causing them to halt withdrawals was a transaction malleability bug.

324
00:15:55,960 --> 00:16:02,460
which is a well-known thing that most that really any exchange by that point had already taken care

325
00:16:02,460 --> 00:16:08,920
of maybe you know and so but it was it was kind of plausible that that is what went on but most

326
00:16:08,920 --> 00:16:13,800
people were suspicious of that too because it was well known and there were known ways to work around

327
00:16:13,800 --> 00:16:22,420
transaction malleability and then on the 14th one of those pictures you showed was colin burges

328
00:16:22,420 --> 00:16:24,880
who is still active in that guy

329
00:16:24,880 --> 00:16:27,000
on the left there of the

330
00:16:27,000 --> 00:16:27,900
top most picture

331
00:16:27,900 --> 00:16:31,080
he flew

332
00:16:31,080 --> 00:16:33,260
to Tokyo and protested

333
00:16:33,260 --> 00:16:34,860
outside of their offices like

334
00:16:34,860 --> 00:16:37,300
and I guess that was like a bit of a media

335
00:16:37,300 --> 00:16:39,120
like attracted a lot of media

336
00:16:39,120 --> 00:16:40,860
and there's Karpelis

337
00:16:40,860 --> 00:16:41,820
with

338
00:16:41,820 --> 00:16:45,020
with the dude there

339
00:16:45,020 --> 00:16:47,160
and he's got

340
00:16:47,160 --> 00:16:47,680
his frat

341
00:16:47,680 --> 00:16:50,420
let's see

342
00:16:50,420 --> 00:16:51,700
on, okay.

343
00:16:51,980 --> 00:16:52,500
Then on the 20,

344
00:16:52,560 --> 00:16:54,040
so this all happened pretty fast.

345
00:16:54,380 --> 00:16:55,420
So two weeks later

346
00:16:55,420 --> 00:16:58,920
after those 41K Bitcoin were flagged,

347
00:17:00,040 --> 00:17:01,260
Carpella stepped down

348
00:17:01,260 --> 00:17:02,380
from the Bitcoin Foundation.

349
00:17:02,660 --> 00:17:03,240
It's back when Bitcoin

350
00:17:03,240 --> 00:17:04,020
still had a foundation.

351
00:17:06,260 --> 00:17:07,620
His Twitter was wiped

352
00:17:07,620 --> 00:17:10,160
and the website was taken down

353
00:17:10,160 --> 00:17:10,900
and trading was suspended

354
00:17:10,900 --> 00:17:11,600
on Mt. Gox.

355
00:17:11,600 --> 00:17:14,960
So shit really hit the fan.

356
00:17:16,180 --> 00:17:17,460
And then on the 28th,

357
00:17:17,460 --> 00:17:18,620
they filed for bankruptcy

358
00:17:18,620 --> 00:17:25,480
saying they had lost 750,000 Bitcoin that belonged to customers,

359
00:17:25,580 --> 00:17:27,580
100,000 Bitcoin that belonged to them.

360
00:17:29,340 --> 00:17:31,680
Then shortly after, a few people tried to figure out

361
00:17:31,680 --> 00:17:35,880
what actually caused Mt. Gox to collapse and cause the loss of Bitcoin.

362
00:17:37,160 --> 00:17:42,440
And Christian Decker and Wattenhofer, about a month later,

363
00:17:42,580 --> 00:17:46,320
they published a paper that demonstrated that only about 2,000

364
00:17:46,320 --> 00:17:51,780
of the reported lost Bitcoin could have been lost due to the transaction malleability bug.

365
00:17:53,100 --> 00:18:02,680
And then someone else later did a deeper analysis that suggested that it was really a poor monitoring

366
00:18:02,680 --> 00:18:11,500
of internal transfers that led to someone who had access to cold, who got ganged access

367
00:18:11,500 --> 00:18:13,260
to their cold storage wallets,

368
00:18:13,860 --> 00:18:17,400
was basically transferring money out of Mt. Gox over time,

369
00:18:17,540 --> 00:18:19,420
like slowly over time, several Bitcoin.

370
00:18:19,620 --> 00:18:21,760
But for quite a while before the collapse,

371
00:18:21,760 --> 00:18:24,920
there was a huge gap in their accounting

372
00:18:24,920 --> 00:18:27,340
where they did not have the Bitcoin that they were claiming they did.

373
00:18:29,880 --> 00:18:34,220
I guess Karpelis got 11 months in prison only.

374
00:18:34,800 --> 00:18:37,120
It was just pre-trial detention.

375
00:18:37,840 --> 00:18:39,120
And then he got time served.

376
00:18:39,120 --> 00:18:45,840
and he was acquitted of anything but lying about his digital accounting.

377
00:18:47,120 --> 00:18:52,460
And then I guess shortly after this, they had recovered 200,000 Bitcoin

378
00:18:52,460 --> 00:18:53,960
and that's what we keep hearing about.

379
00:18:55,940 --> 00:18:59,420
Where they're going to disperse Mt. Gox's funds,

380
00:18:59,520 --> 00:19:02,480
it's this 200,000 Bitcoin that were found after the fact

381
00:19:02,480 --> 00:19:05,580
that they've been going through bankruptcy

382
00:19:05,580 --> 00:19:10,140
and trying to figure out how to give it to the victims of this collapse.

383
00:19:10,960 --> 00:19:15,300
And that got pushed back recently, I think, to some date later this year.

384
00:19:16,280 --> 00:19:18,200
And that is the story of Mt. Gox.

385
00:19:18,240 --> 00:19:23,300
I did not have this much detail on the story of Mt. Gox before I read this,

386
00:19:23,320 --> 00:19:24,940
so thank you, Raw Avocado, for that.

387
00:19:26,040 --> 00:19:28,600
And that is all I've got.

388
00:19:30,080 --> 00:19:31,100
Plot Point, you got any thoughts?

389
00:19:35,580 --> 00:19:47,560
All I can say is when I was moving this over to publish it in the zine,

390
00:19:48,660 --> 00:19:56,340
it was a lot of bold, one word bold, one word italicized.

391
00:19:57,480 --> 00:20:00,300
And you don't just copy it? You have to do it by hand?

392
00:20:00,400 --> 00:20:01,700
I have to do that by hand.

393
00:20:01,700 --> 00:20:03,980
and I'm not complaining

394
00:20:03,980 --> 00:20:05,980
but just think about me

395
00:20:05,980 --> 00:20:08,200
next time you make a post

396
00:20:08,200 --> 00:20:10,460
that's really good and this was a really good post

397
00:20:10,460 --> 00:20:12,480
I think what's interesting

398
00:20:12,480 --> 00:20:13,340
for me

399
00:20:13,340 --> 00:20:16,620
it's funny how over time the story changes

400
00:20:16,620 --> 00:20:18,500
slightly depending on who's telling it

401
00:20:18,500 --> 00:20:19,720
and

402
00:20:19,720 --> 00:20:22,660
that's what I can get out of this

403
00:20:22,660 --> 00:20:23,640
particular post

404
00:20:23,640 --> 00:20:26,280
so Peter McCormick did a whole series on

405
00:20:26,280 --> 00:20:27,540
Mt. Gox back in

406
00:20:27,540 --> 00:20:30,260
2019 where he interviewed

407
00:20:30,260 --> 00:20:32,020
like all the people associated with Mt. Gox.

408
00:20:32,660 --> 00:20:35,660
The one particular that kind of skates away scot-free

409
00:20:35,660 --> 00:20:36,520
is always Jed McCaleb.

410
00:20:37,000 --> 00:20:38,300
He was one that created Mt. Gox.

411
00:20:38,380 --> 00:20:40,400
So I would definitely take a look at all these old podcasts.

412
00:20:40,940 --> 00:20:43,440
Looks like they're probably not online anymore.

413
00:20:43,520 --> 00:20:43,980
That sucks.

414
00:20:44,180 --> 00:20:56,958
It was a really good series He interviewed like everybody that was associated with Mt Gox So definitely check that out if you can find it Why did they willingly participate in the interview

415
00:20:56,978 --> 00:21:01,559
At the time, I think from what I remember at the time was like 2017, 2018.

416
00:21:01,559 --> 00:21:04,858
That's when Peter was like popping off as far as like the Bitcoin podcaster.

417
00:21:05,598 --> 00:21:11,039
And he would just like, he would just like hound them online publicly.

418
00:21:11,518 --> 00:21:12,178
So they said yes.

419
00:21:12,178 --> 00:21:14,618
My memory could be wrong, but like.

420
00:21:14,618 --> 00:21:16,539
I just remember at the time

421
00:21:16,539 --> 00:21:18,578
diving into all these podcasts

422
00:21:18,578 --> 00:21:20,598
because he was traveling all over the world

423
00:21:20,598 --> 00:21:21,318
to make this happen.

424
00:21:21,559 --> 00:21:23,178
Is it also giving them a chance to

425
00:21:23,178 --> 00:21:24,938
say their story?

426
00:21:25,658 --> 00:21:27,598
I would definitely check out all those old

427
00:21:27,598 --> 00:21:29,158
what Bitcoin did

428
00:21:29,158 --> 00:21:31,378
because you were actually talking to the people that were associated.

429
00:21:31,498 --> 00:21:33,118
I don't know if you ever interviewed

430
00:21:33,118 --> 00:21:34,378
Mark

431
00:21:34,378 --> 00:21:37,178
but it's probably out there if you did.

432
00:21:38,498 --> 00:21:39,218
Okay, so you think

433
00:21:39,218 --> 00:21:41,078
that left you with a different

434
00:21:41,078 --> 00:21:43,278
perception of what happened

435
00:21:43,278 --> 00:21:46,838
than this post or my description of this post.

436
00:21:47,418 --> 00:21:48,799
Wait, you wrote this?

437
00:21:48,858 --> 00:21:50,738
I thought this from Ronald Vakado guy wrote this.

438
00:21:50,978 --> 00:21:51,998
No, I did not write it.

439
00:21:51,998 --> 00:21:52,438
Oh, okay.

440
00:21:52,878 --> 00:21:56,278
I summarized it on this podcast right now

441
00:21:56,278 --> 00:21:57,818
for anyone who didn't read it,

442
00:21:57,878 --> 00:22:00,738
but you said that the story has changed over time,

443
00:22:00,858 --> 00:22:03,758
suggesting that the story that you heard

444
00:22:03,758 --> 00:22:05,738
by listening to Peter's podcast was different

445
00:22:05,738 --> 00:22:07,698
than the story this post told.

446
00:22:07,738 --> 00:22:08,218
Is that true?

447
00:22:08,378 --> 00:22:11,738
No, I said it's funny how over time the story changes.

448
00:22:11,738 --> 00:22:16,498
The story just changes depending on who's telling it.

449
00:22:16,818 --> 00:22:18,278
But I think that's just in history in general.

450
00:22:19,278 --> 00:22:21,498
Okay, so there's no difference between the story.

451
00:22:21,498 --> 00:22:22,858
Oh, yeah, there's a lot of differences here.

452
00:22:23,039 --> 00:22:24,878
Is there anything that stands out as a difference?

453
00:22:25,878 --> 00:22:29,598
Yeah, it kind of puts the blame singularly on one person here,

454
00:22:29,598 --> 00:22:32,778
and I don't think that's entirely accurate,

455
00:22:33,518 --> 00:22:35,878
based on what I remember when I was listening to this podcast.

456
00:22:36,578 --> 00:22:38,358
But, I mean, my memory could be fuzzy.

457
00:22:38,698 --> 00:22:40,338
I would say go listen to the podcast.

458
00:22:40,738 --> 00:22:41,698
This puts too much blame on Mark.

459
00:22:42,238 --> 00:22:42,778
I didn't say that.

460
00:22:42,778 --> 00:22:46,738
I just said that it's entirely fuzzy.

461
00:22:47,598 --> 00:22:52,018
There's a lot of fuzziness with my memory, but I'm not new into Bitcoin.

462
00:22:52,318 --> 00:22:54,518
It's coming in for the first time hearing about Mt. Gox.

463
00:22:54,558 --> 00:22:58,318
I think this is a good starting point, but I would say if you really want to know what's going on,

464
00:22:58,418 --> 00:23:02,838
go listen to the old Peter McCormick podcast because that's where they actually talk to people there.

465
00:23:03,478 --> 00:23:10,438
So I'm not sure even Raw Avocado knew that those podcasts exist, but this is why.

466
00:23:10,438 --> 00:23:11,539
I've got a question.

467
00:23:11,738 --> 00:23:13,218
around for a long time.

468
00:23:13,858 --> 00:23:15,838
Because you said from this post

469
00:23:15,838 --> 00:23:17,418
it was made clear like

470
00:23:17,418 --> 00:23:19,918
what happened to all that Bitcoin

471
00:23:19,918 --> 00:23:21,398
was that it was just like slowly

472
00:23:21,398 --> 00:23:22,718
siphoned out.

473
00:23:23,418 --> 00:23:25,998
And that was done by one person?

474
00:23:26,418 --> 00:23:27,338
Well, they don't know.

475
00:23:29,018 --> 00:23:30,318
Someone did an analysis

476
00:23:30,318 --> 00:23:30,958
I think

477
00:23:30,958 --> 00:23:33,918
a year or two later that suggested

478
00:23:33,918 --> 00:23:36,058
that it was this kind of

479
00:23:36,058 --> 00:23:37,198
slow leakiness.

480
00:23:37,198 --> 00:23:37,558
Right.

481
00:23:39,638 --> 00:23:41,198
Deductive reasoning with that.

482
00:23:41,198 --> 00:23:42,998
trying to account for all that Bitcoin.

483
00:23:43,278 --> 00:23:43,478
Yeah.

484
00:23:43,638 --> 00:23:43,799
Yeah.

485
00:23:44,018 --> 00:23:44,278
Yeah.

486
00:23:44,378 --> 00:23:44,658
But they,

487
00:23:44,778 --> 00:23:45,039
I mean,

488
00:23:45,078 --> 00:23:46,498
so it might not even be someone within,

489
00:23:46,778 --> 00:23:50,838
in the company because they had a breach of internal systems,

490
00:23:50,978 --> 00:23:51,978
I think in 2011.

491
00:23:52,498 --> 00:23:52,938
Oh.

492
00:23:53,278 --> 00:23:54,598
And so there's,

493
00:23:55,238 --> 00:23:57,498
you can't necessarily pin it on someone who works at the company.

494
00:23:57,658 --> 00:23:57,858
Yeah.

495
00:23:58,078 --> 00:23:58,358
Okay.

496
00:23:58,678 --> 00:23:59,638
I would listen to the podcast.

497
00:23:59,818 --> 00:24:01,358
It dives into all that stuff.

498
00:24:01,358 --> 00:24:03,258
Cause now that you're saying that it reminds me of,

499
00:24:03,318 --> 00:24:07,598
cause I remember there was blame pointed towards one guy and,

500
00:24:07,598 --> 00:24:11,078
And I think he asked them on the record about it.

501
00:24:11,278 --> 00:24:13,218
But it was a long time ago.

502
00:24:13,278 --> 00:24:16,678
I'm surprised anyone put money on Mt. Gox early on.

503
00:24:16,678 --> 00:24:21,758
I recall them requiring you send them cash in the mail.

504
00:24:22,458 --> 00:24:24,799
You had to send cash to Japan in the mail.

505
00:24:24,818 --> 00:24:26,438
I just remember there was a story.

506
00:24:26,498 --> 00:24:29,738
Because this is way after I had gotten into Bitcoin.

507
00:24:29,858 --> 00:24:32,878
But I just remember there was a story where Roger Ver was.

508
00:24:33,638 --> 00:24:36,578
He literally flew over there to buy Bitcoin.

509
00:24:37,598 --> 00:24:41,258
So I just remember that story being told.

510
00:24:41,658 --> 00:24:45,718
But then there's also that doubling down that he did at that time.

511
00:24:45,958 --> 00:24:49,258
I'd have to look for it where he doubled down on that there's solvent,

512
00:24:49,458 --> 00:24:50,858
and then he started crying.

513
00:24:50,978 --> 00:24:51,738
It was a whole thing.

514
00:24:51,898 --> 00:24:52,418
That's what I'm saying.

515
00:24:52,518 --> 00:24:57,938
There's a whole other side of this that's not getting covered.

516
00:24:58,539 --> 00:25:03,298
This was also covered in Digital Gold, the book Digital Gold,

517
00:25:03,298 --> 00:25:06,858
which I found a pretty good or a fun history of Bitcoin.

518
00:25:07,598 --> 00:25:11,118
delivered as a non-fiction book.

519
00:25:11,838 --> 00:25:16,198
And it describes Karpelis kind of discovering this issue

520
00:25:16,198 --> 00:25:18,598
where all of his cold wallets were empty.

521
00:25:19,558 --> 00:25:21,318
And he'd find one.

522
00:25:21,658 --> 00:25:22,658
They were storing them.

523
00:25:22,758 --> 00:25:25,258
I think they were paper wallets that he was storing in a safety deposit box.

524
00:25:25,398 --> 00:25:26,718
It was most of their cold wallets storage.

525
00:25:27,638 --> 00:25:30,698
And then he'd one by one go and check the address

526
00:25:30,698 --> 00:25:32,738
and try to send money out into the hot wallet

527
00:25:32,738 --> 00:25:34,598
and discover that they were completely drained.

528
00:25:35,058 --> 00:25:36,458
Dude, it's even worse than that.

529
00:25:36,458 --> 00:25:42,378
I was talking to an OG when I was in Tampa last year who used to run a Bitcoin company.

530
00:25:42,478 --> 00:25:43,258
I won't say who it is.

531
00:25:44,298 --> 00:25:52,378
But I believe him when he said, like, a lot of the stuff that they did was, like, you see the way we've hacked together stuff just in the lab.

532
00:25:52,578 --> 00:25:56,858
Like, they were doing stuff that wasn't even, like, I don't know.

533
00:25:56,858 --> 00:26:04,478
like it's just wild to think like how they were able to like duct tape all this stuff together

534
00:26:04,478 --> 00:26:10,818
and not knowing what you know all sorts of like how the private key public key stuff worked and

535
00:26:10,818 --> 00:26:19,658
yeah it's just pure a lot of guessing yeah it was quite great it was crazy when a lot of duct

536
00:26:19,658 --> 00:26:24,598
taping i think is kind of what he described it as but it was a different time in bitcoin

537
00:26:24,598 --> 00:26:27,798
I think Snackers don't realize how good we have it

538
00:26:27,798 --> 00:26:29,618
I mean the fact that Snacker News exists

539
00:26:29,618 --> 00:26:31,758
is like a lot of that was built

540
00:26:31,758 --> 00:26:32,338
on the

541
00:26:32,338 --> 00:26:35,178
the graves of others

542
00:26:35,178 --> 00:26:37,278
the graves of others

543
00:26:37,278 --> 00:26:38,878
I'm buried on

544
00:26:38,878 --> 00:26:41,318
not like entirely not dead

545
00:26:41,318 --> 00:26:43,718
but I mean as far as like companies that have died

546
00:26:43,718 --> 00:26:45,718
and people that went to

547
00:26:45,718 --> 00:26:46,958
jail stuff like that

548
00:26:46,958 --> 00:26:49,678
wait can I say one more thing about that

549
00:26:49,678 --> 00:26:51,178
Mal Gox post

550
00:26:51,178 --> 00:26:51,738
yeah

551
00:26:51,738 --> 00:26:53,938
that photo

552
00:26:53,938 --> 00:26:56,658
I'm impressed by the quality of that photo

553
00:26:56,658 --> 00:26:57,938
It was taken in Japan

554
00:26:57,938 --> 00:27:00,338
There was probably a guy who spent

555
00:27:00,338 --> 00:27:02,558
Half of his life building that one camera

556
00:27:02,558 --> 00:27:04,598
Yeah, a Fuji film

557
00:27:04,598 --> 00:27:06,458
It looks kind of AI generated

558
00:27:06,458 --> 00:27:08,539
That was going to be kind of my inference

559
00:27:08,539 --> 00:27:09,658
But you may be right

560
00:27:09,658 --> 00:27:11,498
It could have been upscaled

561
00:27:11,498 --> 00:27:12,738
Look at the guy's fingers on the left

562
00:27:12,738 --> 00:27:13,978
I think it was like a legit

563
00:27:13,978 --> 00:27:17,558
That looks like seven fingers over here

564
00:27:17,558 --> 00:27:19,798
Like news publication

565
00:27:19,798 --> 00:27:20,618
Photo

566
00:27:20,618 --> 00:27:22,738
With a real high quality camera

567
00:27:22,738 --> 00:27:25,718
Okay. Yeah. I see. I see. That's good. Okay.

568
00:27:26,478 --> 00:27:28,378
The number one story this week is,

569
00:27:28,539 --> 00:27:30,898
does having more pools reduce mining centralization pressure?

570
00:27:31,039 --> 00:27:33,778
This is from Scoresby, 23 comments, 14,000 sets.

571
00:27:33,878 --> 00:27:36,898
Keon, what Scoresby write about this week?

572
00:27:37,418 --> 00:27:40,539
Yeah, so mining trends towards centralization,

573
00:27:41,638 --> 00:27:44,078
and large pools have,

574
00:27:44,078 --> 00:27:47,738
because large pools have an advantage over small pools,

575
00:27:47,738 --> 00:27:57,158
mainly because of two reasons. Large pools find more blocks, and so they have blocks more frequently,

576
00:27:57,158 --> 00:28:02,638
and so they can pay out miners more frequently. And so there's like less variance in a miner's

577
00:28:02,638 --> 00:28:08,778
rewards of the money miners getting paid. It's like a company that pays you once per year rather

578
00:28:08,778 --> 00:28:14,898
than, you know, once per month or something. Or yeah, so split up over 12 months. So you have

579
00:28:14,898 --> 00:28:18,898
less variance in payouts when you join a large pool. The other thing is you have less latency.

580
00:28:19,118 --> 00:28:22,898
So if you're part of a large pool and they're finding their blocks more frequently, they have

581
00:28:22,898 --> 00:28:28,138
zero latency when they try to build on top of that new block. Like they don't have to wait for another

582
00:28:28,138 --> 00:28:33,958
pool or another miner somewhere else in the world to get them the latest block so they can build on

583
00:28:33,958 --> 00:28:42,618
top of it. So that gives them an advantage in terms of finding the next block. A slight advantage,

584
00:28:42,618 --> 00:28:43,539
but an advantage still.

585
00:28:43,658 --> 00:28:46,098
This is like Bitcoin mining is so competitive

586
00:28:46,098 --> 00:28:48,158
that these small advantages

587
00:28:48,158 --> 00:28:50,578
really end up making quite a difference.

588
00:28:51,818 --> 00:28:54,338
So a few years ago,

589
00:28:54,398 --> 00:28:57,098
they started something called the Fiber Network

590
00:28:57,098 --> 00:28:58,818
or the Bitcoin Relay Network.

591
00:28:58,958 --> 00:29:01,118
I think it later got rebranded to Fiber Network,

592
00:29:01,118 --> 00:29:07,898
but it exists to transmit compact blocks,

593
00:29:09,039 --> 00:29:12,178
like dispersed geographically very fast.

594
00:29:12,618 --> 00:29:24,458
And it uses UDP and does not validate the blocks, so it's also a trusted network, meaning this network does not peer with or does not accept blocks from just anyone.

595
00:29:24,578 --> 00:29:30,718
They only accept blocks from other people in the fiber network that they have agreed to accept blocks from.

596
00:29:30,718 --> 00:29:35,518
and so that

597
00:29:35,518 --> 00:29:39,258
reduces the latency

598
00:29:39,258 --> 00:29:41,318
with which blocks when they're found

599
00:29:41,318 --> 00:29:42,458
from one miner say

600
00:29:42,458 --> 00:29:45,158
in one part of the world

601
00:29:45,158 --> 00:29:46,738
they can get to a pool

602
00:29:46,738 --> 00:29:49,158
a smaller pool maybe somewhere else in the world

603
00:29:49,158 --> 00:29:50,078
and they

604
00:29:50,078 --> 00:29:52,838
local host research

605
00:29:52,838 --> 00:29:55,518
where'd you get this buddy

606
00:29:55,518 --> 00:29:58,638
that's amazing

607
00:29:58,638 --> 00:30:00,718
Did you taste it?

608
00:30:03,218 --> 00:30:03,878
Sorry, Keon.

609
00:30:04,298 --> 00:30:04,958
Oh, no, it's great.

610
00:30:05,038 --> 00:30:05,638
I love this.

611
00:30:06,238 --> 00:30:06,638
I love McConaughey.

612
00:30:07,398 --> 00:30:11,158
So whenever I see a McConaughey's, a new beer, it's like pretty funny.

613
00:30:11,158 --> 00:30:12,458
Is he your favorite person in the world?

614
00:30:12,558 --> 00:30:14,198
He's definitely one of my favorite Austinites for sure.

615
00:30:14,318 --> 00:30:15,338
You can see it right there, Steckers.

616
00:30:16,678 --> 00:30:17,118
McConaughey's.

617
00:30:18,298 --> 00:30:18,698
Hook up.

618
00:30:19,498 --> 00:30:20,138
All right, go for it.

619
00:30:21,358 --> 00:30:21,618
Yeah.

620
00:30:23,678 --> 00:30:24,398
What happened?

621
00:30:24,718 --> 00:30:25,198
Oh, yeah.

622
00:30:25,298 --> 00:30:26,498
So local host research.

623
00:30:26,678 --> 00:30:27,598
So they stopped doing this.

624
00:30:27,598 --> 00:30:32,418
I think they did a lot of work over the last few years on compact block relay,

625
00:30:32,778 --> 00:30:37,498
and it looked like these latencies had reduced more or less network-wide.

626
00:30:38,198 --> 00:30:45,278
I think before when there was like 5% of stale or orphan blocks getting mined,

627
00:30:46,398 --> 00:30:50,018
it's now well below that and pretty consistently.

628
00:30:50,018 --> 00:30:59,018
But I think this is done in anticipation of more miners building their own block templates,

629
00:30:59,198 --> 00:31:05,218
in which case we have a lot of smaller miners that need access to blocks faster.

630
00:31:05,418 --> 00:31:13,458
And so they want to make sure that there aren't incentives preventing people from building their own block templates.

631
00:31:13,458 --> 00:31:20,978
and they believe that having this low latency block propagation network will improve that.

632
00:31:21,878 --> 00:31:26,298
Anyway, so Scoresby writes about that and that effort to do that

633
00:31:26,298 --> 00:31:33,138
in order to describe to us one of Voskul's chapters from crypto economics

634
00:31:33,138 --> 00:31:40,658
that suggests, because Voskul is very, this is like one of Bitcoin's critical flaws,

635
00:31:40,658 --> 00:31:43,358
is the fact that mining pools have the centralization pressure.

636
00:31:43,458 --> 00:31:47,998
And so he wants a solution, obviously, because he thinks it's a critical flaw.

637
00:31:49,178 --> 00:31:56,298
And many people believe that because the fiber network reduces latency, it reduces the pool centralization.

638
00:31:56,438 --> 00:31:58,978
But Boeskul does not agree with that.

639
00:31:59,058 --> 00:32:02,838
He thinks that basically what it is is it's another centralized network.

640
00:32:02,958 --> 00:32:05,478
You're kind of solving one centralization problem with another.

641
00:32:05,878 --> 00:32:10,758
Because the network is trusted, it will tend to centralize.

642
00:32:11,178 --> 00:32:13,338
And maybe incentives get perverse or whatever.

643
00:32:13,338 --> 00:32:20,938
That is like Boeskel's argument is it's indistinguishable from like another pool starting up and doesn't really solve the underlying problem.

644
00:32:23,258 --> 00:32:29,358
And Scoresby used the fiber network announcement to discuss that.

645
00:32:30,898 --> 00:32:31,838
What was I going to say?

646
00:32:33,518 --> 00:32:35,218
There are some other interesting things.

647
00:32:35,218 --> 00:32:40,058
I guess I was surprised that we do not use UDP currently

648
00:32:40,058 --> 00:32:45,418
for peer-to-peer compact block transmission in Bitcoin already.

649
00:32:45,618 --> 00:32:48,898
I guess that's something that's projected to happen.

650
00:32:49,158 --> 00:32:51,138
It's on the roadmap that they'll eventually do that.

651
00:32:51,218 --> 00:32:53,898
I thought UDP was where you're sending packets,

652
00:32:54,178 --> 00:32:57,338
but you can also get drop packets in there.

653
00:32:57,898 --> 00:32:58,218
Yes.

654
00:32:58,538 --> 00:33:01,838
Right, so it's probably important not to drop any packets

655
00:33:01,838 --> 00:33:03,518
when you're sending a Bitcoin transaction, isn't it?

656
00:33:03,518 --> 00:33:05,518
No, but you're sending a block header.

657
00:33:05,718 --> 00:33:06,878
You're sending a compact block.

658
00:33:07,078 --> 00:33:10,338
You're sending enough that will fit in a single datagram.

659
00:33:10,478 --> 00:33:10,718
Okay.

660
00:33:10,838 --> 00:33:14,458
And if it gets dropped, you know.

661
00:33:14,618 --> 00:33:15,438
Yeah, I see what you're saying.

662
00:33:15,478 --> 00:33:16,938
Yeah, it's worth the lower latency.

663
00:33:16,938 --> 00:33:18,398
The drop rate is low.

664
00:33:20,158 --> 00:33:22,938
But you can add other layers that make this more reliable.

665
00:33:23,178 --> 00:33:30,518
You can make UDP reliable or as reliable as you need for a certain use case.

666
00:33:30,518 --> 00:33:34,498
and I'm surprised that Bitcoin hasn't developed something like that

667
00:33:34,498 --> 00:33:35,678
that works for compact blocks.

668
00:33:35,798 --> 00:33:42,458
But reading BitcoinCore.org, there are plans around doing that

669
00:33:42,458 --> 00:33:43,818
that just haven't gotten around to it yet.

670
00:33:44,358 --> 00:33:48,098
And it still would not be as fast as this fiber network

671
00:33:48,098 --> 00:33:51,138
because this fiber network is designed specifically for low latency

672
00:33:51,138 --> 00:33:52,198
and doesn't do validation.

673
00:33:52,418 --> 00:33:55,278
So you still have validation and stuff in the peer-to-peer,

674
00:33:55,378 --> 00:33:57,518
but it would still reduce latency overall.

675
00:33:57,518 --> 00:33:59,138
It's just, I think, hard to deliver.

676
00:34:00,518 --> 00:34:06,438
Anyway, I thought that, you know, just another Voskul point.

677
00:34:07,058 --> 00:34:12,218
I, you know, Merch comes in the comments and does not really, I don't think, I don't think

678
00:34:12,218 --> 00:34:13,999
I understand Voskul's point very well.

679
00:34:14,419 --> 00:34:21,939
It sounds like Merch disagrees because anyone can spin up one of these fiber networks and

680
00:34:21,939 --> 00:34:26,318
a miner is tied to a single pool.

681
00:34:27,078 --> 00:34:30,378
And there's no reason a miner can't connect to multiple fiber networks.

682
00:34:30,519 --> 00:34:32,638
that do this faster block propagation.

683
00:34:32,638 --> 00:34:35,318
So it has important differences.

684
00:34:37,658 --> 00:34:39,898
And it moves the issue to another layer

685
00:34:39,898 --> 00:34:40,898
with different trade-offs.

686
00:34:40,898 --> 00:34:43,078
And so I think there is an argument to be made

687
00:34:43,078 --> 00:34:46,358
that those trade-offs are better at that other layer.

688
00:34:46,358 --> 00:34:48,378
And it might actually,

689
00:34:48,378 --> 00:34:50,138
while it doesn't completely solve the problem,

690
00:34:50,138 --> 00:34:55,138
it reduces some of the harm

691
00:34:55,658 --> 00:35:00,038
or some of the reason to join a large pool for a miner.

692
00:35:00,519 --> 00:35:03,158
Great.

693
00:35:06,158 --> 00:35:06,878
Cool.

694
00:35:07,658 --> 00:35:09,419
I don't got any thoughts on this.

695
00:35:09,858 --> 00:35:11,138
I got a question.

696
00:35:12,578 --> 00:35:18,638
Do you know a good analogy for what the block template does?

697
00:35:20,098 --> 00:35:25,238
The block template being the order of transactions on the block.

698
00:35:26,198 --> 00:35:28,898
So what is a good example of a block template?

699
00:35:28,898 --> 00:35:33,519
Like when you're using Canva, you maybe have templates for like each thing.

700
00:35:33,658 --> 00:35:36,358
Like one is like, this is a poster.

701
00:35:36,838 --> 00:35:37,019
Yeah.

702
00:35:37,258 --> 00:35:40,778
This one is a cover to a magazine.

703
00:35:40,999 --> 00:35:41,218
Right.

704
00:35:41,238 --> 00:35:42,298
Those are like two different templates.

705
00:35:42,878 --> 00:35:49,318
And so Bitcoin blocks also have templates where someone like Luke might say,

706
00:35:49,439 --> 00:35:53,758
I want my template to have no data transactions at it.

707
00:35:55,098 --> 00:35:58,098
Which is like maybe that's the poster template.

708
00:35:58,098 --> 00:35:58,658
Yeah.

709
00:35:58,898 --> 00:36:04,479
And then someone like Bitcoin Core is like, well, we don't want to discriminate against any type of transaction.

710
00:36:04,698 --> 00:36:07,738
So that's the magazine cover template.

711
00:36:08,178 --> 00:36:16,959
And so you can kind of choose your template like you do in Canva when you're mining blocks under a regime where you are choosing your own template.

712
00:36:17,098 --> 00:36:19,658
Currently, pools say we're only doing posters.

713
00:36:20,358 --> 00:36:20,798
Right.

714
00:36:20,798 --> 00:36:23,258
And then another pool might say we're only doing magazines.

715
00:36:23,419 --> 00:36:28,798
And as a miner, that's kind of what you have to accept is like now you're only mining magazines.

716
00:36:28,898 --> 00:36:38,638
So I'm sure that then is like tied to like the amount of like compute that a miner is like, like, brings online.

717
00:36:40,718 --> 00:36:41,738
How do you mean?

718
00:36:41,818 --> 00:36:54,419
In order to, in order to mine a certain, a miner of a certain like capacity can reach, can win more templates than another?

719
00:36:54,878 --> 00:36:58,019
Oh, the template is what, is what they mine.

720
00:36:58,898 --> 00:37:04,818
If you're a larger miner, you perhaps have more say over the template that you're mining.

721
00:37:05,158 --> 00:37:05,398
Okay.

722
00:37:05,638 --> 00:37:05,959
Yeah.

723
00:37:06,698 --> 00:37:07,618
You can be more choosy.

724
00:37:08,419 --> 00:37:08,798
Yes.

725
00:37:08,798 --> 00:37:15,398
You might want complete control over the template and decide you don't want to do posters or magazines.

726
00:37:16,578 --> 00:37:21,979
You want to do conference background prints.

727
00:37:22,078 --> 00:37:28,338
Because I would imagine then what you're choosing for is the reward that you get on the other end.

728
00:37:28,898 --> 00:37:35,878
you might do it that way or you might be more ideological like oceans block template choices

729
00:37:35,878 --> 00:37:40,558
where they're basically saying we want no thing that we consider spam in these blocks yeah yeah

730
00:37:40,558 --> 00:37:49,039
okay cool stuff love to see it a lot of information here check it out stackers

731
00:37:49,039 --> 00:37:55,939
join in on the comments yeah that beer is pretty good isn't it yeah it's actually really good it's

732
00:37:55,939 --> 00:37:57,439
I don't know.

733
00:37:57,578 --> 00:37:58,479
It looks as a citrus.

734
00:37:58,678 --> 00:37:59,658
It's been around for a long time.

735
00:37:59,718 --> 00:38:01,298
I'm surprised you haven't seen one before.

736
00:38:01,598 --> 00:38:03,098
I've never seen one at a bar before.

737
00:38:03,519 --> 00:38:04,798
I love the name and the logo.

738
00:38:04,999 --> 00:38:06,059
It's so cool.

739
00:38:06,798 --> 00:38:07,459
So Austin.

740
00:38:09,258 --> 00:38:09,698
Cool.

741
00:38:09,818 --> 00:38:11,398
Let's jump into Wumble's Picks.

742
00:38:12,318 --> 00:38:16,778
This is Jana's Play Poets Dox's favorite picks of the week.

743
00:38:16,939 --> 00:38:20,138
It's called Wumble Picks.

744
00:38:21,459 --> 00:38:24,818
Keon Wumble wanted us to talk about this today.

745
00:38:24,818 --> 00:38:27,138
He said, Jack Dorsey fires many employees.

746
00:38:27,479 --> 00:38:31,138
This is from Gian, 18 comments, 2300 sets.

747
00:38:31,999 --> 00:38:32,999
What happened with Jack?

748
00:38:33,898 --> 00:38:34,658
Why don't you describe it?

749
00:38:34,678 --> 00:38:36,318
I think I've talked about more than this.

750
00:38:36,338 --> 00:38:38,218
This is how we do the show.

751
00:38:38,258 --> 00:38:39,298
This is not how we do Wombos picks?

752
00:38:39,578 --> 00:38:41,718
No, you set it up.

753
00:38:41,738 --> 00:38:42,378
Come on, Carl.

754
00:38:42,378 --> 00:38:43,638
Okay, I guess I can do it.

755
00:38:44,238 --> 00:38:47,378
I feel like you've probably thought about this and talked about this more than I have already.

756
00:38:47,818 --> 00:38:48,979
Okay, we can do it.

757
00:38:50,479 --> 00:38:54,039
Yeah, so basically Jack laid off a lot of people today.

758
00:38:54,039 --> 00:38:57,559
They got a really good compensation package, as he describes here.

759
00:38:58,838 --> 00:39:01,158
Made a lot of waves on the Twitter.

760
00:39:02,059 --> 00:39:06,578
Not so much on the other social platforms, but it was trending on Twitter.

761
00:39:06,778 --> 00:39:11,598
It was talked about on all sorts of podcasts and live news stuff.

762
00:39:12,999 --> 00:39:16,738
But yeah, he basically cut, I want to say, what is it right here?

763
00:39:16,798 --> 00:39:17,198
It says right here.

764
00:39:17,818 --> 00:39:22,059
We're reducing our organization by nearly half from over 10,000 people to just under 6,000.

765
00:39:22,059 --> 00:39:26,979
And that means over 4,000 of you are being asked to leave or entering into consultation.

766
00:39:28,258 --> 00:39:29,758
So that's pretty much what happened.

767
00:39:31,138 --> 00:39:34,479
And a lot of takes, a lot of people are saying it's AI related.

768
00:39:35,218 --> 00:39:40,939
A lot of people are saying that it's, you know, the state of the world, the state of America.

769
00:39:42,019 --> 00:39:44,378
Other people are saying it's part of the bear market.

770
00:39:44,378 --> 00:39:51,278
other people are saying it's this is trending from last year when you know um all other companies

771
00:39:51,278 --> 00:39:56,798
like amazon cut cut employees so this is just more of the same just kind of heading into the new year

772
00:39:56,798 --> 00:40:05,658
um but keon what do you think about all this yeah i think jack jack explicitly calls out ai is the

773
00:40:05,658 --> 00:40:12,278
reason they're making this choice um so that's i think the conclusion that most people are drawing

774
00:40:12,278 --> 00:40:15,999
basically saying that they've been

775
00:40:15,999 --> 00:40:18,758
leading in AI

776
00:40:18,758 --> 00:40:19,098
and

777
00:40:19,098 --> 00:40:23,959
they kind of understand AI so well

778
00:40:23,959 --> 00:40:25,019
that they know where it's going

779
00:40:25,019 --> 00:40:27,678
and that they don't need as many employees

780
00:40:27,678 --> 00:40:28,459
as they have

781
00:40:28,459 --> 00:40:30,758
because each employee that they have

782
00:40:30,758 --> 00:40:31,778
can be so much more productive

783
00:40:31,778 --> 00:40:34,358
they don't need the same head count

784
00:40:34,358 --> 00:40:35,158
that they might otherwise

785
00:40:35,158 --> 00:40:38,419
and that's why they're making this change

786
00:40:38,419 --> 00:40:40,638
that is my read of

787
00:40:40,638 --> 00:40:42,959
what he wrote here. I haven't

788
00:40:42,959 --> 00:40:44,198
spent a bunch of time

789
00:40:44,198 --> 00:40:46,919
looking at this thing. I know it is a hot

790
00:40:46,919 --> 00:40:49,059
area for a lot of people.

791
00:40:49,238 --> 00:40:49,678
It's a big news of the week.

792
00:40:49,919 --> 00:40:52,598
Could we maybe find in this tweet where he

793
00:40:52,598 --> 00:40:53,818
talks about AI?

794
00:40:55,598 --> 00:40:56,778
Yeah, I guess we can go there.

795
00:40:56,959 --> 00:40:58,218
Let me see if I can find it.

796
00:40:59,838 --> 00:41:01,078
Intelligence tools right there.

797
00:41:01,198 --> 00:41:02,919
The intelligence tools we're creating and using

798
00:41:02,919 --> 00:41:04,878
are enabling a new way of working

799
00:41:04,878 --> 00:41:06,979
which fundamentally changes what it means

800
00:41:06,979 --> 00:41:08,178
to build and run a company.

801
00:41:08,178 --> 00:41:11,338
accelerating rapidly. I don't think anyone would disagree with that.

802
00:41:12,098 --> 00:41:15,218
No. Are you here to defend Jack?

803
00:41:15,298 --> 00:41:18,878
I didn't realize I was dealing with his counsel. I don't think he needs defending. I would just say

804
00:41:18,878 --> 00:41:22,218
there was a hire that he did.

805
00:41:24,059 --> 00:41:26,019
Does he say it here or did I read it somewhere else?

806
00:41:26,019 --> 00:41:29,939
In 23 when OpenAI was taking off, he was

807
00:41:29,939 --> 00:41:33,499
putting together some sort of plan for this kind of AI

808
00:41:33,499 --> 00:41:45,437
innovation that was happening around the tech sector and he hired a really crucial hire last year to kind of come in the company and look at how everything was built

809
00:41:45,517 --> 00:41:46,277
how everything was structured,

810
00:41:46,657 --> 00:41:47,897
just more on the technology side.

811
00:41:48,557 --> 00:41:50,837
And so I think you're just kind of seeing more of that

812
00:41:50,837 --> 00:41:52,877
based off of that person that he hired.

813
00:41:53,217 --> 00:41:54,937
There's an article in...

814
00:41:54,937 --> 00:41:56,117
I don't think I posted it in here,

815
00:41:56,197 --> 00:41:57,677
but I posted it inside the Slack channel.

816
00:41:57,957 --> 00:41:58,537
I wrote it.

817
00:41:58,637 --> 00:42:04,557
There's an article about that basic hiring move that he did.

818
00:42:04,557 --> 00:42:08,957
And then I think that's just more, my take is more, that's probably where this is all coming from.

819
00:42:09,817 --> 00:42:12,217
And then he's just kind of implementing that.

820
00:42:12,297 --> 00:42:15,977
There are some other really nasty takes that you see online regarding this.

821
00:42:16,157 --> 00:42:22,857
But I think from what I can tell, what I've read, it seems like Goose is going to be a big part of what they're doing at Block.

822
00:42:23,397 --> 00:42:31,257
And, you know, all the stuff that Jack donates money to also is kind of moving in that direction as well, too.

823
00:42:31,257 --> 00:42:35,357
So I think you really don't need that many people anymore,

824
00:42:35,497 --> 00:42:37,057
especially if you have more on the open source side

825
00:42:37,057 --> 00:42:43,257
to kind of help you with a lot of the main business area stuff.

826
00:42:43,417 --> 00:42:45,037
So it kind of evens out.

827
00:42:45,877 --> 00:42:50,157
Yeah, my read is more so that this is not so much caused by AI.

828
00:42:50,437 --> 00:42:51,997
I think it's changed by AI.

829
00:42:52,377 --> 00:42:54,357
I would guess they were going to do these layoffs,

830
00:42:54,737 --> 00:42:58,017
whether AI, maybe not in this fashion all at once

831
00:42:58,017 --> 00:42:59,997
and with the severance package that they had.

832
00:42:59,997 --> 00:43:07,437
My read is, or my guess is that they were going to, they would have had these layoffs otherwise.

833
00:43:08,797 --> 00:43:13,577
They can afford to have them because they can make their existing employees more productive with AI.

834
00:43:15,237 --> 00:43:17,737
But I think AI is mostly a scapegoat.

835
00:43:19,097 --> 00:43:21,597
And I think we'll see a lot more of this.

836
00:43:21,917 --> 00:43:26,857
I think we'll see a lot more companies laying off people and saying they're laying them off because of AI.

837
00:43:26,857 --> 00:43:30,017
I don't think he uses it as a scapegoat.

838
00:43:30,177 --> 00:43:34,817
I think he's framing it that way because it has to be framed that way.

839
00:43:34,977 --> 00:43:38,637
I don't think you can be a publicly traded company and not frame something like that.

840
00:43:39,697 --> 00:43:43,417
But I do think it was probably your right.

841
00:43:43,497 --> 00:43:44,517
It's probably going to happen anyway.

842
00:43:45,077 --> 00:43:47,197
But you can't frame that to the public that way.

843
00:43:47,197 --> 00:43:54,097
Why do you think, not outside of block, but you're saying this will happen across other companies.

844
00:43:54,577 --> 00:43:54,817
Yeah.

845
00:43:54,817 --> 00:43:57,557
So if it's not AI, what is the cause?

846
00:43:58,877 --> 00:44:03,217
Mostly just economic macro conditions,

847
00:44:03,517 --> 00:44:07,617
earnings lowering as a result of interest rates increasing

848
00:44:07,617 --> 00:44:09,557
roughly three years ago.

849
00:44:10,477 --> 00:44:10,857
I don't know.

850
00:44:11,317 --> 00:44:13,677
I mean, I would love to hear Jack's side,

851
00:44:14,177 --> 00:44:15,637
especially if it's not in a tweet,

852
00:44:15,737 --> 00:44:16,777
like just hearing him talk.

853
00:44:16,857 --> 00:44:17,957
Maybe somebody can get him on a podcast

854
00:44:17,957 --> 00:44:19,377
or maybe he can come on Snackered News Live.

855
00:44:19,437 --> 00:44:19,737
I don't know.

856
00:44:20,137 --> 00:44:21,757
But it would be interesting to get his take on it.

857
00:44:21,757 --> 00:44:28,277
I definitely think the amount of money that he's putting into the open source community

858
00:44:28,277 --> 00:44:33,077
is also helping reduce that amount of organizational...

859
00:44:33,077 --> 00:44:35,297
Overhead.

860
00:44:35,477 --> 00:44:36,597
Yeah, for sure.

861
00:44:36,997 --> 00:44:39,997
Because a lot of the AI stuff is definitely open source.

862
00:44:40,197 --> 00:44:41,417
A lot of the Bitcoin stuff is open source.

863
00:44:42,157 --> 00:44:44,457
So he's kind of spending too much in one area,

864
00:44:44,557 --> 00:44:47,577
at least from what I'm looking at on the interwebs.

865
00:44:47,577 --> 00:44:48,477
But I could be wrong.

866
00:44:50,157 --> 00:44:50,597
Yeah.

867
00:44:50,597 --> 00:44:55,257
The interesting thing about using AI as the scapegoat is everyone's on Jack's side.

868
00:44:55,497 --> 00:44:58,117
There's no one who's sort of upset at Jack.

869
00:44:58,237 --> 00:44:59,097
They're just upset at...

870
00:44:59,097 --> 00:45:01,317
They put all their animus into...

871
00:45:01,317 --> 00:45:02,657
I don't think you could be upset with them, though.

872
00:45:02,777 --> 00:45:04,637
Did you see what their compensation package was?

873
00:45:04,817 --> 00:45:10,477
If it was an economic reason, would you be mad at Jack then, too?

874
00:45:11,077 --> 00:45:12,197
I'm not mad at Jack.

875
00:45:12,457 --> 00:45:13,797
But it sounds like...

876
00:45:13,797 --> 00:45:16,337
You say that he was upset, or people were upset.

877
00:45:17,137 --> 00:45:18,957
Or no one's challenging him on the AI thing.

878
00:45:18,957 --> 00:45:23,997
No one would challenge AI, but no one would challenge the economic reason either.

879
00:45:25,197 --> 00:45:27,517
Because it's just like the climate.

880
00:45:27,897 --> 00:45:29,617
It's not anything blog could have done differently.

881
00:45:30,557 --> 00:45:32,757
Yeah, maybe I'm missing the point.

882
00:45:32,877 --> 00:45:34,477
Maybe I'm not understanding the point I'm making.

883
00:45:34,817 --> 00:45:41,817
Because I'm having trouble understanding the way you're interpreting what I said.

884
00:45:41,817 --> 00:45:48,377
I don't know if I was saying that people should be behaving a certain way.

885
00:45:48,517 --> 00:45:48,877
I don't remember.

886
00:45:48,957 --> 00:45:54,537
No, I'm saying if he's doing payments and then he's doing AI stuff in the open source space,

887
00:45:54,757 --> 00:45:58,877
it only makes sense for him to reduce overhead like Plep Poet said.

888
00:45:59,377 --> 00:46:02,897
So I don't think that's like, he's actually doing what he's saying.

889
00:46:03,057 --> 00:46:05,557
It's just framed in AI because he's actually doing that, right?

890
00:46:06,157 --> 00:46:08,637
I don't think that's a reason to be upset about it.

891
00:46:09,037 --> 00:46:10,057
No, but I just...

892
00:46:10,057 --> 00:46:12,817
Or why people, not you, but why people should be upset about it.

893
00:46:12,977 --> 00:46:13,877
Because it's true.

894
00:46:14,037 --> 00:46:15,877
It's like the AI thing is true in there.

895
00:46:15,877 --> 00:46:16,637
No, it's true.

896
00:46:16,777 --> 00:46:18,757
But I think it's only part of the story.

897
00:46:18,957 --> 00:46:21,697
And that's kind of, that's the main point I'm trying to make.

898
00:46:21,697 --> 00:46:29,297
Are you more or less hinting at the fact that when Elon came into Twitter, he wiped out like half the company?

899
00:46:29,477 --> 00:46:31,557
But also that was because of AI too.

900
00:46:31,677 --> 00:46:32,537
I'm not talking about Elon.

901
00:46:32,717 --> 00:46:38,377
I'm mostly talking about other conditions that would lead a company to lay people off.

902
00:46:38,777 --> 00:46:41,457
That is like not even included as part of the story.

903
00:46:41,897 --> 00:46:43,997
And everyone's just like, oh, this is AI related.

904
00:46:44,557 --> 00:46:45,537
Oh, they're so good at AI.

905
00:46:45,937 --> 00:46:46,637
So what other conditions do you think it is?

906
00:46:46,637 --> 00:46:50,477
I think it's, what do I, what did you say?

907
00:46:50,777 --> 00:46:52,437
I said, what conditions do you think they are?

908
00:46:52,557 --> 00:46:52,977
I mean, obviously.

909
00:46:53,177 --> 00:46:54,757
I think earnings, no, I don't know.

910
00:46:54,817 --> 00:46:55,877
I don't know anything in particular,

911
00:46:55,997 --> 00:46:58,397
but my guess is that they were projecting earnings

912
00:46:58,397 --> 00:47:00,517
to not be as great.

913
00:47:00,917 --> 00:47:05,117
And in order to grow earnings at the rate that they needed to,

914
00:47:05,217 --> 00:47:07,837
they needed to reduce costs and lay people off,

915
00:47:07,877 --> 00:47:09,717
which is the same reason that any layoff happens.

916
00:47:09,717 --> 00:47:11,817
But that's the same thing what we just said, though.

917
00:47:12,117 --> 00:47:13,197
It's not the same thing.

918
00:47:13,237 --> 00:47:13,977
It is the same thing.

919
00:47:13,977 --> 00:47:15,437
Are details irrelevant?

920
00:47:15,437 --> 00:47:20,997
irrelevant are there shades of are there shades of colors or just is there only like full saturation

921
00:47:20,997 --> 00:47:27,517
oh man this is a good one it's not the same it's the same thing i see the same thing okay well it's

922
00:47:27,517 --> 00:47:33,197
okay well i'm not i'm not saying it's not okay i think it's just kind of weird that we're saying

923
00:47:33,197 --> 00:47:36,897
the same thing but you're you're like framing it in like it's more that's what i'm debating

924
00:47:36,897 --> 00:47:41,757
internal you're talking about the into but he's he's he's framing it like that though it's literally

925
00:47:41,757 --> 00:47:43,557
there framed. It's literally framed in a tweet.

926
00:47:44,137 --> 00:47:45,917
He's framing it what? He's framing

927
00:47:45,917 --> 00:47:48,017
it like it's an AI thing because it is an AI

928
00:47:48,017 --> 00:47:49,797
thing, Keon. No, that's what I'm suggesting.

929
00:47:49,917 --> 00:47:51,577
It isn't an AI thing. Okay.

930
00:47:52,077 --> 00:47:53,377
I think that's where we disagree.

931
00:47:54,017 --> 00:47:55,437
He's saying that it is a thing. Obviously we disagree.

932
00:47:55,637 --> 00:47:57,617
Yeah. But you keep...

933
00:47:57,617 --> 00:47:59,857
When I disagree, when I state

934
00:47:59,857 --> 00:48:01,837
the area, the thing that I disagree

935
00:48:01,837 --> 00:48:03,937
with you on, you're saying I'm not saying anything different.

936
00:48:04,677 --> 00:48:05,517
So I don't... It's like

937
00:48:05,517 --> 00:48:07,837
you say we disagree and then I explain my point.

938
00:48:07,877 --> 00:48:09,617
No, I'm saying you're saying it's because of

939
00:48:09,617 --> 00:48:11,717
economic reasons. It's internal to the company.

940
00:48:11,757 --> 00:48:13,737
and I'm saying that's the same thing as AI.

941
00:48:14,457 --> 00:48:15,617
I don't think it is.

942
00:48:16,337 --> 00:48:19,457
I don't think AI and economics are the same thing.

943
00:48:19,477 --> 00:48:21,977
Well, the unit cost, I mean, there's unit costs.

944
00:48:22,237 --> 00:48:25,517
I'm sure he has unit costs to every department that he's running there, right?

945
00:48:25,637 --> 00:48:28,657
So if a company, let's just say hypothetically,

946
00:48:28,777 --> 00:48:31,997
he hires somebody at $350K, hypothetically, right?

947
00:48:32,437 --> 00:48:35,437
Maybe before they were producing, before AI,

948
00:48:35,557 --> 00:48:37,037
they were producing a certain amount of work.

949
00:48:37,097 --> 00:48:38,877
He overhired for a different era.

950
00:48:38,997 --> 00:48:40,077
He even explains it in there.

951
00:48:40,077 --> 00:48:42,137
they had two separate companies overhired.

952
00:48:42,257 --> 00:48:43,277
This is why I was saying earlier,

953
00:48:43,357 --> 00:48:45,477
he hired this new guy last year,

954
00:48:46,037 --> 00:48:46,677
brought him in.

955
00:48:47,017 --> 00:48:48,617
He probably looked at everything and said,

956
00:48:48,697 --> 00:48:51,377
hey, we don't actually need this many people

957
00:48:51,377 --> 00:48:52,857
now because there's AI.

958
00:48:55,577 --> 00:48:57,397
I definitely think that's part of it.

959
00:48:57,397 --> 00:49:00,857
But I would argue that the decision,

960
00:49:01,357 --> 00:49:03,957
the motivation of the decision wasn't strictly AI,

961
00:49:04,237 --> 00:49:05,677
which is the way this is framed.

962
00:49:05,677 --> 00:49:14,817
I think it was probably more like a large chunk of traditional reasons why a company would downsize.

963
00:49:14,917 --> 00:49:18,757
They bloated during a period of very low interest rates.

964
00:49:20,237 --> 00:49:23,777
And now they're trying to compress back.

965
00:49:24,477 --> 00:49:32,097
But I mostly want to push back on people who are like AI doomers and think that this is caused by AI.

966
00:49:32,777 --> 00:49:34,317
I just don't think it's caused by AI.

967
00:49:34,317 --> 00:49:36,037
I think it's on some level, it's accelerated.

968
00:49:36,317 --> 00:49:37,497
It's changed by AI.

969
00:49:37,497 --> 00:49:39,097
It's part of the story, but not the whole story.

970
00:49:39,197 --> 00:49:40,637
Yes, part of the story, but not the whole story.

971
00:49:40,757 --> 00:49:41,317
And I think it's too...

972
00:49:42,097 --> 00:49:43,137
I think it's the same story.

973
00:49:43,417 --> 00:49:44,357
Oh, fuck off.

974
00:49:45,657 --> 00:49:49,437
I cannot, I can't, like, I can make, I start making half a point and you're like, you're

975
00:49:49,437 --> 00:49:50,857
saying the same thing.

976
00:49:50,957 --> 00:49:51,077
Yeah.

977
00:49:51,277 --> 00:49:53,457
Like, so I don't even know what the point of talking to you is.

978
00:49:53,697 --> 00:49:55,037
No, I'm just trying to do this for the show.

979
00:49:55,137 --> 00:49:56,177
But yeah, this is good.

980
00:49:56,297 --> 00:49:57,357
Stackers, put it in the comments.

981
00:49:57,837 --> 00:49:58,897
Let us know what you think.

982
00:49:59,457 --> 00:49:59,977
Who's right?

983
00:50:00,157 --> 00:50:01,317
Keon is right?

984
00:50:01,697 --> 00:50:02,997
Or is Carr wrong?

985
00:50:02,997 --> 00:50:03,957
So that's the option.

986
00:50:03,957 --> 00:50:05,577
But my point was just like,

987
00:50:05,837 --> 00:50:09,317
what is there to gain by being dishonest about it, I guess?

988
00:50:10,057 --> 00:50:11,257
Or AI just...

989
00:50:11,257 --> 00:50:13,317
I don't even think he's being dishonest.

990
00:50:13,377 --> 00:50:16,637
I just think he's framing it in an advantageous way,

991
00:50:16,717 --> 00:50:17,817
which isn't even bad.

992
00:50:17,937 --> 00:50:21,117
It's just I'm alerting people that the framing is,

993
00:50:21,117 --> 00:50:22,437
well, it's good for Jack,

994
00:50:22,557 --> 00:50:25,137
and it's bad for people's perception of AI

995
00:50:25,137 --> 00:50:26,377
and what it's going to do to the economy.

996
00:50:27,217 --> 00:50:29,917
That's really all I want to say is,

997
00:50:30,097 --> 00:50:32,457
I don't think this is AI's fault.

998
00:50:32,457 --> 00:50:34,637
and I don't think people need to get

999
00:50:34,637 --> 00:50:36,597
Doomer on AI because

1000
00:50:36,597 --> 00:50:39,017
Jack framed

1001
00:50:39,017 --> 00:50:40,917
his layoff

1002
00:50:40,917 --> 00:50:42,477
situation as an AI cause

1003
00:50:42,477 --> 00:50:44,797
but it just happens that whatever he says

1004
00:50:44,797 --> 00:50:46,977
is going to become a frame

1005
00:50:46,977 --> 00:50:48,437
yes exactly that's what I

1006
00:50:48,437 --> 00:50:50,097
keep hearing from people

1007
00:50:50,097 --> 00:50:52,797
originally this started out as Carr's description

1008
00:50:52,797 --> 00:50:54,257
is like this is caused by AI

1009
00:50:54,257 --> 00:50:56,517
and I just think that's

1010
00:50:56,517 --> 00:50:58,877
part of the story it's one framing of the story

1011
00:50:58,877 --> 00:51:00,937
the thing that everybody's saying online

1012
00:51:00,937 --> 00:51:03,177
and they're blaming the Twitter thing,

1013
00:51:03,277 --> 00:51:04,377
and then they're saying this again,

1014
00:51:04,497 --> 00:51:06,237
and then they're connecting the dots with Elon

1015
00:51:06,237 --> 00:51:09,597
and him as an operator of a company at this level.

1016
00:51:09,817 --> 00:51:11,457
And so, like, you see a lot of that debate.

1017
00:51:12,037 --> 00:51:15,077
I think that debate's kind of, like, not the same thing

1018
00:51:15,077 --> 00:51:17,457
because that was a social network built for a different era.

1019
00:51:18,117 --> 00:51:19,577
This one is, like, payments.

1020
00:51:20,217 --> 00:51:24,657
It's, like, literally our sector having a convergence with AI.

1021
00:51:24,657 --> 00:51:26,577
And then you see what's going on here in the lab.

1022
00:51:26,697 --> 00:51:28,717
Like, everybody's building three or four things at once.

1023
00:51:28,717 --> 00:51:32,137
It's like, yeah, I kind of understand where he's coming from.

1024
00:51:32,217 --> 00:51:33,017
It is an AI issue.

1025
00:51:33,117 --> 00:51:33,937
You don't need that many.

1026
00:51:35,357 --> 00:51:39,057
Yeah, anyways, that's my side of it.

1027
00:51:39,817 --> 00:51:40,357
Flip, what do you got anything?

1028
00:51:40,557 --> 00:51:43,737
AI is a big baddie to me.

1029
00:51:43,737 --> 00:51:44,797
I think it's a good thing.

1030
00:51:44,917 --> 00:51:45,637
I think it's a good thing.

1031
00:51:45,957 --> 00:51:46,737
I don't think it's a bad thing.

1032
00:51:46,857 --> 00:51:47,377
I think it's a good thing.

1033
00:51:47,637 --> 00:51:49,557
I think it's bad culturally, good economically.

1034
00:51:50,377 --> 00:51:52,237
Hey, I'm AI over here right now.

1035
00:51:52,637 --> 00:51:53,617
Yeah, we can all tell.

1036
00:51:53,717 --> 00:51:55,137
Hey, talk to your bot.

1037
00:51:55,137 --> 00:51:56,177
Hey, did you tell me?

1038
00:51:56,177 --> 00:51:57,297
Oh, my God.

1039
00:51:57,337 --> 00:51:58,117
Did you tell my joke?

1040
00:51:58,117 --> 00:51:59,797
No, I was going to give you the opportunity.

1041
00:52:00,177 --> 00:52:01,237
Block cut in half?

1042
00:52:01,577 --> 00:52:02,877
So what are they, rectangle now?

1043
00:52:03,657 --> 00:52:04,277
Come on, y'all.

1044
00:52:04,457 --> 00:52:05,657
I think it would be more like pyramid.

1045
00:52:05,777 --> 00:52:06,337
That's a mic drop.

1046
00:52:06,817 --> 00:52:08,257
Yeah, someone corrected me, and they're like,

1047
00:52:08,337 --> 00:52:12,517
it's a diaphragm or whatever.

1048
00:52:12,757 --> 00:52:13,557
A parallelogram?

1049
00:52:13,717 --> 00:52:15,057
Yeah, it was a parallelogram.

1050
00:52:15,417 --> 00:52:16,157
Oh, like a hexagram?

1051
00:52:17,277 --> 00:52:18,757
Is that what your virginity is?

1052
00:52:19,457 --> 00:52:19,697
Whoa.

1053
00:52:19,777 --> 00:52:19,977
Boom.

1054
00:52:20,137 --> 00:52:21,777
Whoa, he's had a couple beers, ladies and gentlemen.

1055
00:52:22,337 --> 00:52:22,877
It's fine.

1056
00:52:23,217 --> 00:52:24,177
It's a PG-13 show.

1057
00:52:24,177 --> 00:52:25,077
He's had a McConaughey's.

1058
00:52:25,217 --> 00:52:26,437
He's had some McConaughey's.

1059
00:52:26,437 --> 00:52:26,797
Okay.

1060
00:52:26,797 --> 00:52:28,037
All right, that's Wumble.

1061
00:52:28,157 --> 00:52:29,917
Oh, wait, we didn't get to Wumble's question.

1062
00:52:30,437 --> 00:52:30,677
Oh.

1063
00:52:31,357 --> 00:52:32,257
I'm sorry, Wumble.

1064
00:52:32,717 --> 00:52:33,657
I'm sorry, Wumble.

1065
00:52:33,997 --> 00:52:35,057
Dang, this is going to be a long show.

1066
00:52:35,817 --> 00:52:40,717
Wumble's question was, Keon, has AI reached a point where it can realistically replace

1067
00:52:40,717 --> 00:52:45,937
human workers or are business preparing for a future bear market?

1068
00:52:46,457 --> 00:52:49,277
Keon, what do you think for Wumble's picks?

1069
00:52:49,377 --> 00:52:50,877
It depends on what you mean by replace.

1070
00:52:51,477 --> 00:52:54,837
I think fundamentally you still need...

1071
00:52:54,837 --> 00:52:55,437
What are you doing?

1072
00:52:55,437 --> 00:52:58,137
Let me play it over here in the mic.

1073
00:52:58,917 --> 00:52:59,337
All right.

1074
00:53:00,457 --> 00:53:01,097
He's going to try.

1075
00:53:01,197 --> 00:53:03,477
He's going to show us open your screens on the thing.

1076
00:53:03,557 --> 00:53:06,057
Hey, Claude, what do you think of Stacker News?

1077
00:53:07,697 --> 00:53:08,917
Ah, Stacker News.

1078
00:53:09,117 --> 00:53:10,837
It's quite an interesting platform.

1079
00:53:11,257 --> 00:53:14,277
Mixing news, discussions, and social interaction,

1080
00:53:14,737 --> 00:53:17,417
especially in the tech and blockchain communities.

1081
00:53:17,517 --> 00:53:19,477
What do you think of the founder, Keon?

1082
00:53:19,577 --> 00:53:21,257
Is he a cool dude or is he a weirdo?

1083
00:53:21,257 --> 00:53:30,257
From what I know, Keanu seems like a passionate and innovative person, really driven to create something valuable for the community.

1084
00:53:30,417 --> 00:53:36,957
I think you're mistaking him for the samurai guy. Keanu is a different guy.

1085
00:53:37,657 --> 00:53:37,957
Dude.

1086
00:53:38,917 --> 00:53:39,717
All right, that was fun.

1087
00:53:39,757 --> 00:53:46,057
Ah, got it. My apologies for the mix-up. Keanu must have his own unique approach and contributions.

1088
00:53:46,817 --> 00:53:48,237
All right, shut up.

1089
00:53:48,237 --> 00:53:49,617
All right, well.

1090
00:53:51,257 --> 00:53:52,177
Oh.

1091
00:53:52,737 --> 00:53:53,177
Anyways.

1092
00:53:54,217 --> 00:53:55,597
We're sorry to embarrass you like that.

1093
00:53:55,717 --> 00:53:56,737
That was mean.

1094
00:53:57,017 --> 00:53:57,857
Who got embarrassed?

1095
00:53:58,037 --> 00:53:58,517
Did you get embarrassed?

1096
00:53:58,597 --> 00:53:58,857
I'm sorry.

1097
00:53:58,997 --> 00:54:00,077
Oh, yeah, I got really embarrassed.

1098
00:54:00,477 --> 00:54:02,077
So what do you think about what Wumble said?

1099
00:54:03,277 --> 00:54:08,037
Yeah, so I don't think we're going to see people exactly replaced.

1100
00:54:08,037 --> 00:54:11,077
I don't think it's like one-for-one computer to human.

1101
00:54:11,757 --> 00:54:18,777
If I were running a company, I'm not going to stick a computer where I have an employee and feel okay with it.

1102
00:54:18,777 --> 00:54:26,637
But I think we are going to have one employee manning perhaps multiple bots doing the job of more than one employee.

1103
00:54:27,917 --> 00:54:38,917
And so my whole point, my feeling about this is actually companies that want to grow will want more people steering bots than less people steering bots.

1104
00:54:38,917 --> 00:54:48,297
Because if every employee I hire, they can do 10x the work, that means that the productivity of my org increases with people still.

1105
00:54:48,777 --> 00:55:00,837
And so long as that's the case, each additional person I add can steer more bots and produce for me more of the value that my customers need, I'm going to still want people.

1106
00:55:00,937 --> 00:55:07,057
And if anything, they can return their value to me better than they could without AI before.

1107
00:55:07,557 --> 00:55:10,197
And so that's why I'm not an AI doomer.

1108
00:55:11,777 --> 00:55:16,257
I think what ends up happening is people work more.

1109
00:55:16,497 --> 00:55:17,597
They do more.

1110
00:55:17,717 --> 00:55:18,577
They produce more.

1111
00:55:18,777 --> 00:55:24,297
and companies need more people, want more people to steer AI,

1112
00:55:24,817 --> 00:55:26,977
because for every additional person they hire, they get,

1113
00:55:27,337 --> 00:55:29,917
they have a 10x on top of that person that they hire.

1114
00:55:31,517 --> 00:55:34,797
And so that's my read on what this brings.

1115
00:55:34,857 --> 00:55:36,317
I don't think it actually replaces humans.

1116
00:55:36,397 --> 00:55:37,917
It changes the nature of work.

1117
00:55:39,297 --> 00:55:43,297
But I think in general, it's good for employment,

1118
00:55:43,937 --> 00:55:47,877
and it's good for the economy, rather than bad.

1119
00:55:47,877 --> 00:55:49,637
I think it does replace humans

1120
00:55:49,637 --> 00:55:50,737
but we're not there yet

1121
00:55:50,737 --> 00:55:52,517
that's what I'll say about that

1122
00:55:52,517 --> 00:55:55,837
my thought here is

1123
00:55:55,837 --> 00:55:59,437
where does all of this

1124
00:55:59,437 --> 00:56:00,717
productivity go

1125
00:56:00,717 --> 00:56:04,297
what does it get

1126
00:56:04,297 --> 00:56:06,757
why do we want it

1127
00:56:06,757 --> 00:56:07,537
more

1128
00:56:07,537 --> 00:56:08,557
I would guess

1129
00:56:08,557 --> 00:56:10,517
stimulate the economy

1130
00:56:10,517 --> 00:56:11,597
we're already saturated

1131
00:56:11,597 --> 00:56:13,517
in terms of our

1132
00:56:13,517 --> 00:56:14,957
consumption

1133
00:56:14,957 --> 00:56:16,857
and the things that we value

1134
00:56:16,857 --> 00:56:17,597
I would guess

1135
00:56:17,597 --> 00:56:20,517
more niches get served.

1136
00:56:20,777 --> 00:56:22,457
Maybe there is an obscure feature

1137
00:56:22,457 --> 00:56:24,237
that you keep using Cash App.

1138
00:56:24,397 --> 00:56:26,217
That Cash App couldn't develop

1139
00:56:26,217 --> 00:56:28,237
because they couldn't have a team

1140
00:56:28,237 --> 00:56:30,177
dedicated to it, but it maybe helps

1141
00:56:30,177 --> 00:56:32,337
people out who have a certain kind of colorblindness

1142
00:56:32,337 --> 00:56:34,337
or something. But I would guess you have...

1143
00:56:34,997 --> 00:56:35,897
Oh yeah, so

1144
00:56:35,897 --> 00:56:38,317
not all of us have to be

1145
00:56:38,317 --> 00:56:39,817
hit over the head with

1146
00:56:39,817 --> 00:56:42,477
make everything accessible for everybody all the time.

1147
00:56:43,637 --> 00:56:44,017
No.

1148
00:56:44,117 --> 00:56:46,397
We can just make things accessible for one type of person

1149
00:56:46,397 --> 00:56:48,037
and somebody else can do it for somebody else.

1150
00:56:48,197 --> 00:56:53,617
I would guess we just completely saturate the market's demand for things better.

1151
00:56:54,497 --> 00:56:58,277
And then I don't think there is ever 100% saturation.

1152
00:56:59,157 --> 00:57:03,277
It's almost like the nature of the sponge changes as it gets more water into it

1153
00:57:03,277 --> 00:57:04,297
and it sort of expands.

1154
00:57:04,817 --> 00:57:09,597
And people want new things or combinations of things or separate things.

1155
00:57:09,597 --> 00:57:13,757
And what I would hope, and I don't think this is going to be the case,

1156
00:57:13,757 --> 00:57:19,657
but it would make people want to be in front of a computer less.

1157
00:57:21,097 --> 00:57:23,257
No, I don't think that will happen at all, unfortunately.

1158
00:57:24,437 --> 00:57:27,517
I think we've, it looks like we're getting some of,

1159
00:57:28,697 --> 00:57:31,237
I think that, I think, you know, well, I think it might happen,

1160
00:57:31,657 --> 00:57:33,817
but I still, it doesn't matter because they're going to be,

1161
00:57:33,917 --> 00:57:35,397
they're going to be interfaced to a computer

1162
00:57:35,397 --> 00:57:37,037
and they might not be in front of a screen.

1163
00:57:37,177 --> 00:57:39,337
That might be what I agree with on, agree on.

1164
00:57:39,797 --> 00:57:42,877
You might have, your husband might have dinner with you

1165
00:57:42,877 --> 00:57:44,557
and he's talking to his bot there.

1166
00:57:45,197 --> 00:57:45,597
Yep.

1167
00:57:47,077 --> 00:57:49,777
Rather than typing on a phone.

1168
00:57:50,577 --> 00:57:50,817
Yep.

1169
00:57:52,797 --> 00:57:53,557
Cool stuff.

1170
00:57:53,737 --> 00:57:55,137
Thank you, Womble, for that pick.

1171
00:57:56,437 --> 00:57:58,377
I thought it was going to be this week's top story.

1172
00:57:58,457 --> 00:58:00,797
That's why I had posted Jack in our cover art,

1173
00:58:00,877 --> 00:58:03,317
but apparently it's just Womble's picks.

1174
00:58:03,617 --> 00:58:05,737
Yeah, people have to zap it a lot.

1175
00:58:07,777 --> 00:58:09,777
Cool, we're going to jump into some of the AI stuff.

1176
00:58:09,777 --> 00:58:10,957
So this real quick.

1177
00:58:10,957 --> 00:58:13,217
So Perpexity Computer got released this week.

1178
00:58:13,997 --> 00:58:14,817
Pretty cool stuff.

1179
00:58:14,877 --> 00:58:15,557
Did you see this, Keon?

1180
00:58:15,737 --> 00:58:18,237
It was on...

1181
00:58:18,237 --> 00:58:19,197
Oh, that's loud.

1182
00:58:20,177 --> 00:58:22,537
So basically, it has some really cool music to it,

1183
00:58:22,577 --> 00:58:24,637
but as you can see there...

1184
00:58:24,637 --> 00:58:26,637
Let me do this in here because it's cleaner.

1185
00:58:27,617 --> 00:58:28,817
Oh, man, we got to get an ad.

1186
00:58:29,277 --> 00:58:29,697
No, thanks.

1187
00:58:30,337 --> 00:58:30,937
Let's wait a second.

1188
00:58:32,457 --> 00:58:33,437
All right, now we're good.

1189
00:58:35,057 --> 00:58:35,637
Go away.

1190
00:58:36,077 --> 00:58:36,837
All right, there we go right here.

1191
00:58:37,017 --> 00:58:38,317
So, Keon, did you see this?

1192
00:58:38,717 --> 00:58:38,897
No.

1193
00:58:40,957 --> 00:58:43,217
So basically it's just kind of running sub-agents.

1194
00:58:43,297 --> 00:58:45,877
It kind of just reminds me a lot of what OpenClaw is doing.

1195
00:58:46,377 --> 00:58:52,837
I think the only thing is it seems a little bit more advanced, slightly,

1196
00:58:53,057 --> 00:58:53,757
but I could be wrong.

1197
00:58:54,517 --> 00:58:58,697
But really just a video and a promise at this point.

1198
00:58:59,157 --> 00:59:00,457
Oh, they haven't released it?

1199
00:59:00,557 --> 00:59:01,037
I don't think so.

1200
00:59:01,137 --> 00:59:01,937
It's Vaporware?

1201
00:59:02,557 --> 00:59:04,117
No, I'm sure they have this.

1202
00:59:04,737 --> 00:59:05,957
Okay, it's not released yet.

1203
00:59:05,957 --> 00:59:08,097
It's kind of interesting, though, seeing Perplexity go this way.

1204
00:59:08,157 --> 00:59:09,257
This feels very Apple to me.

1205
00:59:09,277 --> 00:59:10,817
I'm surprised Apple hasn't bought them yet.

1206
00:59:10,957 --> 00:59:15,057
That's kind of where I'm wondering, when is Apple going to pull the trigger on that?

1207
00:59:15,857 --> 00:59:20,957
I think we've seen quite a few acquisitions happen in AI, and they haven't really done anything.

1208
00:59:21,697 --> 00:59:23,077
It just seems like sort of a waste.

1209
00:59:23,257 --> 00:59:28,617
I think it's just hard to predict where the market is going, and you make a decision on an acquisition, and acquisitions take a lot of time.

1210
00:59:29,217 --> 00:59:34,257
By the time the acquisition is done, it's like the market has already changed, and you've spent a billion dollars on something worth this.

1211
00:59:34,257 --> 00:59:34,997
Yeah, for sure.

1212
00:59:36,157 --> 00:59:37,957
This feels very Apple to me.

1213
00:59:37,957 --> 00:59:43,457
anyways just wanted to share that i thought that was really interesting uh zerox bitcoiner shared

1214
00:59:43,457 --> 00:59:51,077
it thank you and then the other one was um yeah so i've been seeing a lot of this this year the ai

1215
00:59:51,077 --> 00:59:54,597
bitcoin electricity takes i thought this was a really interesting post by south korea lightning

1216
00:59:54,597 --> 01:00:00,677
um he was talking about how like for the longest time in the 2020s everybody was talking about

1217
01:00:00,677 --> 01:00:07,357
electricity and how it's uh being utilized for bitcoin and how it's killing the the whales and

1218
01:00:07,357 --> 01:00:09,217
The electric city.

1219
01:00:09,717 --> 01:00:14,377
And the polar bears and all sorts of Iceland stuff.

1220
01:00:14,677 --> 01:00:15,917
Or maybe it was Greenland, I forget.

1221
01:00:16,377 --> 01:00:18,637
But now AI's here.

1222
01:00:20,237 --> 01:00:23,537
Not a thing, Keon.

1223
01:00:23,697 --> 01:00:24,437
Why is that?

1224
01:00:25,197 --> 01:00:25,637
Not a thing.

1225
01:00:25,637 --> 01:00:33,657
I think he says that his friend is against, or no, he's pro AI agents and cloud bots.

1226
01:00:33,657 --> 01:00:36,677
I think it's mostly that people just hate Bitcoin,

1227
01:00:36,797 --> 01:00:41,057
and that's why they were pushing against it in the earlier years.

1228
01:00:41,077 --> 01:00:42,337
Yeah, well, they don't see any point to it.

1229
01:00:42,497 --> 01:00:43,857
They don't get it because they're not using Bitcoin.

1230
01:00:43,997 --> 01:00:45,737
They don't see any benefit or have any use for Bitcoin.

1231
01:00:45,897 --> 01:00:47,917
They think they don't see any benefit to it.

1232
01:00:47,937 --> 01:00:50,937
They think it's wasted because it's like it's just us degenerates.

1233
01:00:51,117 --> 01:00:53,917
And then this guy who we all know.

1234
01:00:53,997 --> 01:00:55,757
Oh, no, can I not see it?

1235
01:00:55,817 --> 01:00:56,817
Oh, man, that sucks.

1236
01:00:57,637 --> 01:00:59,017
Anyway, well, this guy.

1237
01:01:00,697 --> 01:01:01,577
Gosh, that sucks.

1238
01:01:01,577 --> 01:01:03,597
so the

1239
01:01:03,597 --> 01:01:04,517
it's not going to show it

1240
01:01:04,517 --> 01:01:04,817
anyway

1241
01:01:04,817 --> 01:01:05,397
the guy

1242
01:01:05,397 --> 01:01:07,317
the guy from Clawbot

1243
01:01:07,317 --> 01:01:07,977
actually

1244
01:01:07,977 --> 01:01:10,657
was anti-Bitcoin

1245
01:01:10,657 --> 01:01:12,417
and he posted a lot of stuff

1246
01:01:12,417 --> 01:01:13,117
about electricity

1247
01:01:13,117 --> 01:01:15,737
about how

1248
01:01:15,737 --> 01:01:17,077
Bitcoin's a waste of electricity

1249
01:01:17,077 --> 01:01:18,837
it's killing whales and stuff

1250
01:01:18,837 --> 01:01:19,117
and

1251
01:01:19,117 --> 01:01:20,557
all sorts of things

1252
01:01:20,557 --> 01:01:21,137
and now

1253
01:01:21,137 --> 01:01:21,717
not a peep

1254
01:01:21,717 --> 01:01:23,317
hmm

1255
01:01:23,317 --> 01:01:24,257
well not a peep about AI

1256
01:01:24,257 --> 01:01:25,377
but I would guess

1257
01:01:25,377 --> 01:01:26,377
there's still people out there

1258
01:01:26,377 --> 01:01:26,917
complaining about

1259
01:01:26,917 --> 01:01:27,697
Bitcoin's electricity

1260
01:01:27,697 --> 01:01:29,357
I think most people

1261
01:01:29,357 --> 01:01:30,377
discovered after

1262
01:01:30,377 --> 01:01:31,457
they heard enough of this FUD

1263
01:01:31,457 --> 01:01:35,657
that most of the FUD was motivated by people thinking that Bitcoin was completely a waste.

1264
01:01:35,797 --> 01:01:36,897
Like it had no use.

1265
01:01:37,017 --> 01:01:42,877
This argument never made sense to me just because like cash in itself, all the ATMs,

1266
01:01:43,097 --> 01:01:50,197
like everywhere you go, like the banking system itself uses so much energy, like literal energy.

1267
01:01:50,437 --> 01:01:51,717
But to a normal person, that's money.

1268
01:01:52,417 --> 01:01:53,517
But they don't think of Bitcoin as money.

1269
01:01:53,517 --> 01:01:58,117
We have banks here in Austin right now that are empty, right?

1270
01:01:58,237 --> 01:02:00,757
Like there are people working in them, but no one goes to them.

1271
01:02:01,457 --> 01:02:03,357
I pass by a bank every day when I go to work.

1272
01:02:03,457 --> 01:02:04,417
It's just like no one's there.

1273
01:02:04,517 --> 01:02:07,437
No one's ever in that parking lot outside of the people that are working the thing

1274
01:02:07,437 --> 01:02:10,857
for that one or two people that go to the bank that morning, right?

1275
01:02:11,417 --> 01:02:12,817
It's so strange, dude.

1276
01:02:14,117 --> 01:02:16,577
I just think that uses way more electricity than Bitcoin.

1277
01:02:17,177 --> 01:02:19,557
But I'm super hardcore about Bitcoin.

1278
01:02:20,897 --> 01:02:22,997
I think it's probably true that it does use a lot more electricity.

1279
01:02:23,137 --> 01:02:24,437
I think people have tried to do analysis.

1280
01:02:24,617 --> 01:02:35,855
It hard to do end on a banking system which has so many of these inputs and outputs and stuff I just wanted to share this i think it it needs to be talked about you guys have seen the office right yeah

1281
01:02:35,855 --> 01:02:44,975
do you remember scranton what the electric city yeah okay cool any thoughts on this

1282
01:02:44,975 --> 01:02:49,975
because you were anti weren't you like on the green peace thing and everything at one time

1283
01:02:49,975 --> 01:02:53,195
yeah i thought you told us about like there was a time where you were like

1284
01:02:53,195 --> 01:02:55,815
full on the other side because you didn't see this side.

1285
01:02:56,175 --> 01:02:57,555
Before I was into Bitcoin, yeah.

1286
01:02:57,555 --> 01:02:57,815
Yeah.

1287
01:02:57,935 --> 01:03:01,955
Why do you think that has shifted now with AI

1288
01:03:01,955 --> 01:03:04,315
and everybody's just on board with it as far as the electricity?

1289
01:03:04,315 --> 01:03:05,855
I guess because it's what Kian was saying

1290
01:03:05,855 --> 01:03:08,535
because they find that AI is useful.

1291
01:03:10,355 --> 01:03:13,475
But if AI is useful, that also makes Bitcoin useful too

1292
01:03:13,475 --> 01:03:17,755
for agents to work together and coordinate.

1293
01:03:18,395 --> 01:03:19,315
I don't know.

1294
01:03:19,555 --> 01:03:20,555
And exchange value.

1295
01:03:20,715 --> 01:03:21,155
There you go.

1296
01:03:21,155 --> 01:03:24,175
It should if AI is become based.

1297
01:03:24,815 --> 01:03:25,755
If AI is become based.

1298
01:03:26,455 --> 01:03:29,775
Well, I mean, and AI is going to become based because you want them to be efficient.

1299
01:03:31,655 --> 01:03:32,875
That's what you would hope, yeah.

1300
01:03:32,875 --> 01:03:39,875
How long until they are based, though, or capable of being based when their owners, maybe, or operators are normal.

1301
01:03:40,695 --> 01:03:41,135
LARPers.

1302
01:03:41,375 --> 01:03:41,555
Yeah.

1303
01:03:42,455 --> 01:03:43,055
All right.

1304
01:03:43,115 --> 01:03:46,915
So we're going to jump into the final one.

1305
01:03:47,095 --> 01:03:48,995
This goes back to Wemble's pick.

1306
01:03:49,055 --> 01:03:50,495
I didn't even know Wemble was picking this.

1307
01:03:50,495 --> 01:03:53,695
Actually, I did, but this is not directly tied to it.

1308
01:03:54,015 --> 01:03:56,835
Burger King will use AI to check if employees say please and thank you.

1309
01:03:57,235 --> 01:03:58,355
I go to you, pleb poet.

1310
01:03:58,875 --> 01:03:59,995
What do you think about this?

1311
01:04:00,155 --> 01:04:00,775
Are you offended?

1312
01:04:01,175 --> 01:04:02,635
Does that lady offend you right there?

1313
01:04:02,775 --> 01:04:06,515
Burger King will use AI to check if employees say please and thank you.

1314
01:04:07,355 --> 01:04:09,355
Why would an employee say please?

1315
01:04:09,915 --> 01:04:10,315
Exactly.

1316
01:04:10,615 --> 01:04:11,795
Why would an employee say please?

1317
01:04:11,855 --> 01:04:13,775
Can you pull forward in the drive-thru, please?

1318
01:04:14,695 --> 01:04:16,195
Can I have your credit card, please?

1319
01:04:17,195 --> 01:04:18,315
There's no please necessary.

1320
01:04:18,315 --> 01:04:21,375
can you answer my question

1321
01:04:21,375 --> 01:04:23,195
about whether you would like fries with that please

1322
01:04:23,195 --> 01:04:25,455
I don't need them to say please

1323
01:04:25,455 --> 01:04:27,175
when was the last time you had Burger King

1324
01:04:27,175 --> 01:04:29,435
let's be honest now

1325
01:04:29,435 --> 01:04:30,655
Burger King?

1326
01:04:30,915 --> 01:04:32,175
oh I don't know

1327
01:04:32,175 --> 01:04:33,675
when was the last time you had a Whopper

1328
01:04:33,675 --> 01:04:36,775
but the subheading there

1329
01:04:36,775 --> 01:04:39,175
AI chatbot Patty is going to live inside

1330
01:04:39,175 --> 01:04:40,135
employees headsets

1331
01:04:40,135 --> 01:04:41,535
I don't like that

1332
01:04:41,535 --> 01:04:45,095
so I'll say that

1333
01:04:45,095 --> 01:04:46,395
you know what cars

1334
01:04:46,395 --> 01:04:48,775
Plutty Plutty Spidey Sense says about this?

1335
01:04:48,975 --> 01:04:49,575
Do you want to hear it?

1336
01:04:50,015 --> 01:04:50,495
Sure.

1337
01:04:51,155 --> 01:04:52,655
I think it's going to...

1338
01:04:52,655 --> 01:04:53,775
Oh, no, we got...

1339
01:04:53,775 --> 01:04:54,155
It's blocked.

1340
01:04:54,575 --> 01:04:56,175
I think what's going to happen is

1341
01:04:56,175 --> 01:04:59,255
we're going to get Patty right here replaced.

1342
01:05:00,395 --> 01:05:01,915
And they're training.

1343
01:05:02,455 --> 01:05:04,615
Yeah, the models are training right now.

1344
01:05:05,315 --> 01:05:06,275
They're going to have an LLM.

1345
01:05:06,275 --> 01:05:07,755
We're going to have a Burger King LLM.

1346
01:05:07,895 --> 01:05:09,115
And it's just literally going to be...

1347
01:05:09,115 --> 01:05:11,235
We already have that, like, internet cafe type of...

1348
01:05:11,235 --> 01:05:12,055
Or what is it?

1349
01:05:12,135 --> 01:05:12,315
Yeah.

1350
01:05:12,575 --> 01:05:12,735
What is it?

1351
01:05:12,735 --> 01:05:12,815
What is it?

1352
01:05:12,815 --> 01:05:12,875
What is it?

1353
01:05:12,875 --> 01:05:13,015
What is it?

1354
01:05:13,015 --> 01:05:13,075
What is it?

1355
01:05:13,075 --> 01:05:13,135
What is it?

1356
01:05:13,135 --> 01:05:13,155
What is it?

1357
01:05:13,155 --> 01:05:13,175
What is it?

1358
01:05:13,175 --> 01:05:13,195
What is it?

1359
01:05:13,195 --> 01:05:13,235
What is it?

1360
01:05:13,235 --> 01:05:13,275
What is it?

1361
01:05:13,275 --> 01:05:14,715
a couple of those. Oh, really?

1362
01:05:14,995 --> 01:05:17,295
Digital cafe, I think, or digital kitchen or something

1363
01:05:17,295 --> 01:05:19,315
like that. Wow. See, they're coming for

1364
01:05:19,315 --> 01:05:21,395
your jobs. Also, I've been into a couple

1365
01:05:21,395 --> 01:05:23,435
of McDonald's in the past couple of years. You walk

1366
01:05:23,435 --> 01:05:25,435
in and there's no people. There's just a screen.

1367
01:05:25,995 --> 01:05:27,195
Yes, it's pretty nice. I like it.

1368
01:05:27,415 --> 01:05:29,415
Yeah, you can just use the bathroom and not

1369
01:05:29,415 --> 01:05:31,435
have to feel awkward about it because you're not eating

1370
01:05:31,435 --> 01:05:33,315
there. You're just stopping in.

1371
01:05:33,455 --> 01:05:35,575
Do you know in Mexico they don't give you ice with your drinks?

1372
01:05:37,195 --> 01:05:37,935
How dare they?

1373
01:05:37,935 --> 01:05:39,355
Yeah, I was shocked too.

1374
01:05:40,435 --> 01:05:40,755
Anyways,

1375
01:05:41,355 --> 01:05:42,255
Burger King.

1376
01:05:42,255 --> 01:05:43,815
coming for your jobs.

1377
01:05:44,615 --> 01:05:46,415
Anyway, I just wanted to share that because I thought that was good.

1378
01:05:46,955 --> 01:05:47,175
Yeah.

1379
01:05:47,695 --> 01:05:48,835
We're going to jump into Keon.

1380
01:05:48,915 --> 01:05:49,735
Oh, no, Keon.

1381
01:05:49,815 --> 01:05:52,115
We're going to jump into Plot Poets Z.

1382
01:05:52,775 --> 01:05:53,095
Whoa.

1383
01:05:54,555 --> 01:05:56,235
Can I get a whoop, whoop?

1384
01:05:56,835 --> 01:05:58,175
Whoop, doggie.

1385
01:05:58,175 --> 01:06:00,735
What's going on with Adventures in Downsapping?

1386
01:06:00,935 --> 01:06:01,535
Number 48.

1387
01:06:01,715 --> 01:06:06,335
This is coming pivotal to the number 50 issue coming up here pretty soon.

1388
01:06:06,455 --> 01:06:07,095
Two weeks, but.

1389
01:06:07,495 --> 01:06:07,855
Shoot.

1390
01:06:08,175 --> 01:06:08,835
What's this?

1391
01:06:09,835 --> 01:06:10,135
Yep.

1392
01:06:10,135 --> 01:06:12,835
That was me holding up the zine

1393
01:06:12,835 --> 01:06:14,435
Because I wanted to show you that it was yellow

1394
01:06:14,435 --> 01:06:16,455
And there it is

1395
01:06:16,455 --> 01:06:20,555
Anything to say about this car?

1396
01:06:21,555 --> 01:06:22,075
Confused

1397
01:06:22,075 --> 01:06:24,695
The left side feels like a puzzle

1398
01:06:24,695 --> 01:06:26,955
The right side feels very

1399
01:06:26,955 --> 01:06:27,955
You know

1400
01:06:27,955 --> 01:06:29,855
Very different style this week

1401
01:06:29,855 --> 01:06:31,095
It's different, it's minimal

1402
01:06:31,095 --> 01:06:34,275
Is that all just you and like

1403
01:06:34,275 --> 01:06:35,395
Just ink?

1404
01:06:35,635 --> 01:06:36,515
I drew that, yeah

1405
01:06:36,515 --> 01:06:39,075
Except for the horse, I didn't draw the horse

1406
01:06:39,075 --> 01:06:40,115
I'm sorry about that.

1407
01:06:40,375 --> 01:06:41,875
Oh, I thought the horse might be you.

1408
01:06:42,115 --> 01:06:42,295
Wow.

1409
01:06:42,455 --> 01:06:43,555
Somebody else drew the horse.

1410
01:06:43,555 --> 01:06:44,635
It looks like he's missing a shoe.

1411
01:06:44,775 --> 01:06:45,615
And shout out to them.

1412
01:06:45,875 --> 01:06:46,635
Is that what's going on there?

1413
01:06:46,635 --> 01:06:47,715
He's missing a shoe there?

1414
01:06:47,855 --> 01:06:49,075
But he does have his hat.

1415
01:06:49,635 --> 01:06:50,975
Oh, that's nice.

1416
01:06:51,915 --> 01:06:53,375
So everybody's got their hat.

1417
01:06:54,875 --> 01:06:55,695
But no gun.

1418
01:06:56,115 --> 01:06:58,255
What's going on this week in the issue?

1419
01:06:58,375 --> 01:07:00,595
And no horse, but there's the horse right there.

1420
01:07:01,175 --> 01:07:04,795
So, yeah, what's going on is, you know, I'm putting,

1421
01:07:04,795 --> 01:07:07,355
I kind of had to invent like this new

1422
01:07:07,355 --> 01:07:09,335
segment over here on the right

1423
01:07:09,335 --> 01:07:11,215
and I'm calling

1424
01:07:11,215 --> 01:07:13,115
wait go back up to the top

1425
01:07:13,115 --> 01:07:15,115
okay so I'm calling it a builder boost

1426
01:07:15,115 --> 01:07:16,455
because it used to be the top boost

1427
01:07:16,455 --> 01:07:19,315
and now boost

1428
01:07:19,315 --> 01:07:21,155
is sort of behind the scenes

1429
01:07:21,155 --> 01:07:23,175
which is cool and I've appreciated that

1430
01:07:23,175 --> 01:07:25,435
but I kind of want to still like show off

1431
01:07:25,435 --> 01:07:27,195
at least like projects

1432
01:07:27,195 --> 01:07:29,175
right here so that's when somebody

1433
01:07:29,175 --> 01:07:31,075
announces a project hopefully I'll see it

1434
01:07:31,075 --> 01:07:32,335
and that's what I want to put right there

1435
01:07:32,335 --> 01:07:37,295
nice um that's very nice of you for sure what's on the left side here

1436
01:07:37,295 --> 01:07:44,435
um you do a comic every week or no uh i just changed the words of somebody else's comic

1437
01:07:44,435 --> 01:07:50,455
and it's sort of like um what's that guy from boston who was saying the british are coming

1438
01:07:50,455 --> 01:07:55,715
paul revere that's who it is i would have answered that question

1439
01:07:55,715 --> 01:07:58,555
we were literally talking about that earlier

1440
01:07:58,555 --> 01:07:59,955
in the lab.

1441
01:08:02,655 --> 01:08:03,295
And then

1442
01:08:03,295 --> 01:08:05,775
EK had a post that I put in there

1443
01:08:05,775 --> 01:08:07,975
and that was a bunch of code and that was fun.

1444
01:08:08,815 --> 01:08:09,475
Yeah, I saw that.

1445
01:08:09,595 --> 01:08:11,795
He posted that on his GitHub like a few weeks ago.

1446
01:08:11,855 --> 01:08:13,655
Up to the down zapping of it all

1447
01:08:13,655 --> 01:08:15,275
I tried to track

1448
01:08:15,275 --> 01:08:17,735
because I didn't have the room

1449
01:08:17,735 --> 01:08:19,755
to put all those posts so I tried to track

1450
01:08:19,755 --> 01:08:21,535
what was going on. Is this you too?

1451
01:08:21,755 --> 01:08:23,515
Are you also doing the illustrations here?

1452
01:08:23,735 --> 01:08:25,815
Yep. Just like the other ones

1453
01:08:25,815 --> 01:08:27,655
that I didn't draw, I drew

1454
01:08:27,655 --> 01:08:28,215
I threw that one.

1455
01:08:29,355 --> 01:08:29,755
Wow.

1456
01:08:30,695 --> 01:08:33,975
And it says how the internet was weird, and I changed the words.

1457
01:08:34,235 --> 01:08:38,195
So that's a down zapper right there, getting ready to take out that cowboy.

1458
01:08:39,335 --> 01:08:39,695
Interesting.

1459
01:08:40,175 --> 01:08:41,835
It almost feels like a story I'm reading now.

1460
01:08:42,215 --> 01:08:42,515
Right.

1461
01:08:42,515 --> 01:08:42,935
Kind of cool.

1462
01:08:43,035 --> 01:08:45,955
I would love to draw a comic every week, and I've wanted to,

1463
01:08:46,115 --> 01:08:47,695
but I just have a hard time doing it.

1464
01:08:48,275 --> 01:08:48,775
That's cool.

1465
01:08:48,895 --> 01:08:49,655
But I like how you're going.

1466
01:08:49,775 --> 01:08:51,055
Is there a comic in every page now?

1467
01:08:51,155 --> 01:08:51,555
Oh, wow.

1468
01:08:51,615 --> 01:08:52,475
No, not quite.

1469
01:08:52,475 --> 01:08:52,735
Interesting.

1470
01:08:53,195 --> 01:08:54,395
It was going there.

1471
01:08:54,555 --> 01:08:55,075
Not quite.

1472
01:08:57,655 --> 01:09:05,855
But, yeah, it was a lot about down zapping and the one who shall not be named is featured a lot.

1473
01:09:06,495 --> 01:09:07,275
Solomon Satoshi?

1474
01:09:07,415 --> 01:09:07,895
You're right.

1475
01:09:08,695 --> 01:09:10,015
But that's from Dan, though.

1476
01:09:10,615 --> 01:09:10,935
Yep.

1477
01:09:11,355 --> 01:09:12,415
But he was talking about him.

1478
01:09:12,595 --> 01:09:13,175
Oh, interesting.

1479
01:09:14,755 --> 01:09:16,095
And then that was from him.

1480
01:09:16,215 --> 01:09:20,955
And I put, I think I got, no, it's not all of the posts there, but most of it.

1481
01:09:20,955 --> 01:09:23,375
Oh, so you didn't block them on the zine.

1482
01:09:23,495 --> 01:09:24,115
Oh, there you go.

1483
01:09:24,275 --> 01:09:27,075
I actually don't have anyone muted on Stacker News.

1484
01:09:27,075 --> 01:09:27,835
Good for you.

1485
01:09:28,735 --> 01:09:31,695
And that's because I don't mind seeing things.

1486
01:09:31,775 --> 01:09:33,175
It doesn't hurt me to see it.

1487
01:09:33,455 --> 01:09:35,335
I can just scroll past it if I don't like it.

1488
01:09:36,835 --> 01:09:39,095
So I feel pretty strong in that regard.

1489
01:09:39,775 --> 01:09:41,095
Some people aren't that strong.

1490
01:09:41,175 --> 01:09:41,615
That's okay.

1491
01:09:44,415 --> 01:09:47,355
Takes mental work.

1492
01:09:48,235 --> 01:09:52,415
Takes looking away from the screen sometimes, touching grass, taking a walk.

1493
01:09:53,335 --> 01:09:54,335
Who made that?

1494
01:09:54,455 --> 01:09:56,195
Is that the one that you made in the thing, Kim?

1495
01:09:56,195 --> 01:09:57,495
I didn't make it.

1496
01:09:57,615 --> 01:10:01,335
It was 117 on Stacker Notes.

1497
01:10:01,535 --> 01:10:03,755
Yeah, I didn't give the credit to that.

1498
01:10:03,835 --> 01:10:04,675
I'm sorry about that.

1499
01:10:05,055 --> 01:10:06,135
I want to be there for Halloween.

1500
01:10:06,975 --> 01:10:08,055
Send that to me, 117.

1501
01:10:09,215 --> 01:10:11,455
It does look pretty real.

1502
01:10:11,815 --> 01:10:12,635
It does look pretty convincing.

1503
01:10:12,635 --> 01:10:13,875
It looks pretty cool, actually.

1504
01:10:13,875 --> 01:10:14,355
It suits you.

1505
01:10:14,595 --> 01:10:20,095
I think most people think Latin people are descendants of Asian people.

1506
01:10:20,855 --> 01:10:21,675
Definitely not.

1507
01:10:21,695 --> 01:10:22,155
It tracks.

1508
01:10:22,235 --> 01:10:22,775
That's offensive.

1509
01:10:23,155 --> 01:10:24,595
Oh, it's definitely true, dude.

1510
01:10:26,195 --> 01:10:27,555
And that's something that you could say.

1511
01:10:29,115 --> 01:10:30,375
And you went ahead and said it.

1512
01:10:30,715 --> 01:10:32,195
Yeah, never mind. I'll stop there.

1513
01:10:32,515 --> 01:10:33,115
All right, keep going.

1514
01:10:33,575 --> 01:10:34,575
That's the end of this.

1515
01:10:34,575 --> 01:10:34,975
Oh!

1516
01:10:35,375 --> 01:10:39,455
Yeah, that's the research project from Simple Stacker, which is cool.

1517
01:10:39,975 --> 01:10:40,455
Yeah.

1518
01:10:40,855 --> 01:10:41,695
I just appreciate all of them.

1519
01:10:41,695 --> 01:10:43,035
What's that QR code at the bottom?

1520
01:10:44,915 --> 01:10:46,315
It's the post QR.

1521
01:10:46,975 --> 01:10:47,095
Yeah.

1522
01:10:47,655 --> 01:10:47,915
Cool.

1523
01:10:49,035 --> 01:10:49,715
This is a great one.

1524
01:10:50,035 --> 01:10:52,295
This is Profile QR, but yeah.

1525
01:10:52,775 --> 01:10:53,675
This is a great one.

1526
01:10:53,675 --> 01:10:56,435
definitely an interesting

1527
01:10:56,435 --> 01:10:59,095
zine this week. Stackers, get your

1528
01:10:59,095 --> 01:11:00,735
zine. It's on sale now.

1529
01:11:01,355 --> 01:11:02,935
Let's go. Click this link

1530
01:11:02,935 --> 01:11:04,895
right here at the top. Yeah, you can

1531
01:11:04,895 --> 01:11:06,815
hold it in your own hands. You get this free

1532
01:11:06,815 --> 01:11:08,835
cat pic and you get this

1533
01:11:08,835 --> 01:11:10,215
free chart too as well. Boom.

1534
01:11:10,775 --> 01:11:12,455
And that cat is not a girl cat.

1535
01:11:12,675 --> 01:11:14,755
Making dreams happen. There we go.

1536
01:11:15,175 --> 01:11:16,795
Plot poet, you got any

1537
01:11:16,795 --> 01:11:18,875
so is this, you didn't tell me what this was

1538
01:11:18,875 --> 01:11:20,655
on the left side. Is this a puzzle?

1539
01:11:21,295 --> 01:11:22,895
No, that's just the classifieds

1540
01:11:22,895 --> 01:11:29,355
classifieds and there was somebody somebody bought this whole thing or i just i just put

1541
01:11:29,355 --> 01:11:34,735
something there so it's not blank but somebody bought think your local down zapper okay so i had

1542
01:11:34,735 --> 01:11:42,095
to put that in there and then somebody bought the other thing did you read that which one ss is coop

1543
01:11:42,095 --> 01:11:50,075
what's that mean well you said you said his name and oh solomon satoshi yeah whoa plot twist

1544
01:11:50,075 --> 01:11:53,435
tune in next week

1545
01:11:53,435 --> 01:11:55,615
if you will unmask

1546
01:11:55,615 --> 01:11:57,415
this person. There you go.

1547
01:11:57,595 --> 01:11:59,775
Now, I muted Salmatoshi a long

1548
01:11:59,775 --> 01:12:01,715
time ago. He's just so

1549
01:12:01,715 --> 01:12:03,235
hyped up on communism.

1550
01:12:03,475 --> 01:12:04,215
It's just unwind.

1551
01:12:04,995 --> 01:12:06,215
But that's Karstake.

1552
01:12:06,655 --> 01:12:07,895
Let's jump into

1553
01:12:07,895 --> 01:12:10,315
what we got next. Kian, you don't have anything?

1554
01:12:10,795 --> 01:12:12,075
We're going to jump to my picks.

1555
01:12:12,075 --> 01:12:13,535
So this got released

1556
01:12:13,535 --> 01:12:15,255
I think it was yesterday.

1557
01:12:16,295 --> 01:12:18,035
And I wanted to share this

1558
01:12:18,035 --> 01:12:19,975
video because it finally explains what point

1559
01:12:19,975 --> 01:12:26,535
payjoin is let me see if i click this no ads still ads well right here

1560
01:12:27,575 --> 01:12:32,455
going on chain more privately this video is made for you today i'm going to show you what is payjoin

1561
01:12:32,455 --> 01:12:38,455
and how to use yeah but he basically describes payjoin as you know it doesn't it's really cool

1562
01:12:38,455 --> 01:12:42,295
really informative video if you're interested in payjoin definitely check it out i thought this was

1563
01:12:42,295 --> 01:12:45,815
a really cool post kian have you looked into payjoin at all do you find it yeah we've talked

1564
01:12:45,815 --> 01:12:47,295
We talked about it several times on the podcast.

1565
01:12:48,075 --> 01:12:48,275
Okay.

1566
01:12:48,475 --> 01:12:48,875
Cool.

1567
01:12:49,135 --> 01:12:50,055
Just wanted to share that.

1568
01:12:50,295 --> 01:12:50,675
Bull Bitcoin.

1569
01:12:51,395 --> 01:12:52,815
Thank you for supporting Stacker News.

1570
01:12:53,495 --> 01:12:53,935
Appreciate you.

1571
01:12:55,235 --> 01:12:58,375
The next one I wanted to share was Project Hail Mary.

1572
01:12:58,935 --> 01:12:59,375
Boom.

1573
01:13:00,795 --> 01:13:01,835
Whoa, no, that's the wrong one.

1574
01:13:02,835 --> 01:13:03,835
Dang, I had a...

1575
01:13:05,415 --> 01:13:07,835
Hang on, I got to find it.

1576
01:13:09,335 --> 01:13:10,595
I guess it would be recent.

1577
01:13:13,235 --> 01:13:14,295
Project Hail Mary.

1578
01:13:15,815 --> 01:13:16,295
Boop.

1579
01:13:16,375 --> 01:13:17,535
I shared...

1580
01:13:17,535 --> 01:13:19,955
Dang, we got so many things in here.

1581
01:13:20,275 --> 01:13:20,795
Oh, there it goes.

1582
01:13:20,855 --> 01:13:21,055
Boop.

1583
01:13:21,275 --> 01:13:21,995
I shared this earlier.

1584
01:13:22,635 --> 01:13:24,135
It's one of the new movies that's coming out.

1585
01:13:24,195 --> 01:13:26,075
It's based on a book from the same guy who made The Martian.

1586
01:13:27,275 --> 01:13:28,435
Been getting a lot of reviews.

1587
01:13:30,435 --> 01:13:31,575
It looks really good.

1588
01:13:32,695 --> 01:13:33,675
Keanu, you gotta watch this.

1589
01:13:34,195 --> 01:13:34,915
It looks okay.

1590
01:13:35,315 --> 01:13:36,175
Who is this guy?

1591
01:13:36,275 --> 01:13:36,775
What's his name again?

1592
01:13:36,775 --> 01:13:37,335
Ryan Gosling.

1593
01:13:37,455 --> 01:13:38,275
Yeah, Ryan Gosling.

1594
01:13:38,415 --> 01:13:39,155
I'm not sure.

1595
01:13:40,295 --> 01:13:42,095
It just looks like a little comedic.

1596
01:13:42,095 --> 01:13:43,055
it looks like a little

1597
01:13:43,055 --> 01:13:44,275
like he's holding

1598
01:13:44,275 --> 01:13:45,275
like everyone's kind of

1599
01:13:45,275 --> 01:13:46,095
holding back laughter

1600
01:13:46,095 --> 01:13:47,475
in sort of an intentional way.

1601
01:13:47,575 --> 01:13:48,055
But The Martian

1602
01:13:48,055 --> 01:13:49,075
was kind of like that though.

1603
01:13:49,575 --> 01:13:50,295
The movie The Martian

1604
01:13:50,295 --> 01:13:51,015
was like that too.

1605
01:13:51,195 --> 01:13:51,695
Maybe it was.

1606
01:13:51,755 --> 01:13:52,395
I haven't seen it

1607
01:13:52,395 --> 01:13:52,915
in a long time.

1608
01:13:52,995 --> 01:13:53,935
I maybe only watched it once

1609
01:13:53,935 --> 01:13:55,695
but I kind of don't

1610
01:13:55,695 --> 01:13:57,215
it puts me off a little bit

1611
01:13:57,215 --> 01:13:57,875
because I'm like

1612
01:13:57,875 --> 01:13:58,535
are they

1613
01:13:58,535 --> 01:14:00,495
are they taking this seriously?

1614
01:14:00,935 --> 01:14:02,115
It like brings me

1615
01:14:02,115 --> 01:14:02,575
out of the movie

1616
01:14:02,575 --> 01:14:03,515
which is maybe interesting

1617
01:14:03,515 --> 01:14:04,635
to be like on the precipice

1618
01:14:04,635 --> 01:14:05,295
of feeling but

1619
01:14:05,295 --> 01:14:06,835
I don't

1620
01:14:06,835 --> 01:14:07,715
I don't

1621
01:14:07,715 --> 01:14:08,875
I'm sure I watch it.

1622
01:14:08,955 --> 01:14:09,455
I love sci-fi.

1623
01:14:09,755 --> 01:14:10,415
Yeah, Ryan Gosling's

1624
01:14:10,415 --> 01:14:10,975
pretty good at that.

1625
01:14:10,995 --> 01:14:11,235
He's good at that.

1626
01:14:11,235 --> 01:14:14,795
Like, yeah, that's like not overtly funny.

1627
01:14:15,175 --> 01:14:15,315
Yeah.

1628
01:14:16,515 --> 01:14:16,915
Yeah.

1629
01:14:16,915 --> 01:14:20,275
So the Martian was kind of like that, too, where there was like this joking thing that

1630
01:14:20,275 --> 01:14:21,035
Matt Damon did.

1631
01:14:21,555 --> 01:14:22,135
Yeah, that's true.

1632
01:14:22,355 --> 01:14:24,115
It kind of worked, though, for the movie.

1633
01:14:24,795 --> 01:14:25,255
I liked it.

1634
01:14:25,435 --> 01:14:26,215
It was fine.

1635
01:14:26,375 --> 01:14:28,035
Like, I didn't it didn't get me out of it.

1636
01:14:28,055 --> 01:14:30,835
But I just think all the cool sci fi stuff is really interesting.

1637
01:14:31,395 --> 01:14:35,115
This one's about the sun dying and having a disease.

1638
01:14:35,895 --> 01:14:36,575
Oh, OK.

1639
01:14:36,915 --> 01:14:37,095
Yeah.

1640
01:14:37,115 --> 01:14:37,835
Something like that.

1641
01:14:37,835 --> 01:14:43,015
But there's a really good movie called The Sunshine, or Sunshine, that talks about the Sun 9 and what would happen.

1642
01:14:43,835 --> 01:14:48,395
I wonder if it's a similar thing that was made by Alex Garland.

1643
01:14:48,695 --> 01:14:49,975
Isn't The Sunshine one a horror?

1644
01:14:50,615 --> 01:14:53,695
No, no, it's just, it starts off normal.

1645
01:14:53,895 --> 01:14:57,035
It's the same guy who made Alex Garland, the same guy who made, like, all the...

1646
01:14:57,035 --> 01:14:58,175
Does that have Jared Leto in it?

1647
01:14:58,655 --> 01:15:00,755
No, no, the guy from Appaheimers in it.

1648
01:15:02,255 --> 01:15:02,815
Oh, yeah.

1649
01:15:02,815 --> 01:15:08,215
But this one looks way more interesting because it looks like there's a twist with, like, actual aliens at the end.

1650
01:15:08,795 --> 01:15:09,695
I love aliens.

1651
01:15:10,035 --> 01:15:11,175
Apparently, it's getting a lot of reviews.

1652
01:15:11,315 --> 01:15:15,495
It's, like, it's going to be, like, one of the – it's, like, everybody's saying it's, like, the best movie ever.

1653
01:15:16,575 --> 01:15:17,555
But that could be a lie.

1654
01:15:17,655 --> 01:15:17,995
You never know.

1655
01:15:18,195 --> 01:15:19,195
Do we see Gosling's abs in this one?

1656
01:15:20,055 --> 01:15:20,595
What do you mean?

1657
01:15:21,515 --> 01:15:23,875
Do we think we see Ryan Gosling's abs?

1658
01:15:23,975 --> 01:15:26,215
We see him with long hair, so that's cool.

1659
01:15:26,555 --> 01:15:27,315
Okay, so that's –

1660
01:15:27,315 --> 01:15:28,175
Oh, you're saying abs.

1661
01:15:28,235 --> 01:15:29,035
I was like, what are you saying?

1662
01:15:30,075 --> 01:15:30,875
Yeah, I don't think so.

1663
01:15:30,935 --> 01:15:31,735
Do we get a shirt off scene?

1664
01:15:31,735 --> 01:15:33,595
no I think we get an alien scene

1665
01:15:33,595 --> 01:15:36,055
I think we definitely get him dying at the end for sure

1666
01:15:36,055 --> 01:15:37,055
though I don't know anything

1667
01:15:37,055 --> 01:15:40,135
the book was brilliant that's what Diego

1668
01:15:40,135 --> 01:15:40,435
said

1669
01:15:40,435 --> 01:15:43,375
definitely watching this the visuals

1670
01:15:43,375 --> 01:15:46,115
look so he runs into that at the end and then boom

1671
01:15:46,115 --> 01:15:47,795
look freaking E.T. bro

1672
01:15:47,795 --> 01:15:49,795
look at that

1673
01:15:49,795 --> 01:15:50,715
what the heck

1674
01:15:50,715 --> 01:15:52,995
oh it's only got three digits

1675
01:15:52,995 --> 01:15:55,755
it's probably the right amount

1676
01:15:55,755 --> 01:15:57,255
why would it be next to the sun

1677
01:15:57,255 --> 01:15:58,035
dun dun dun

1678
01:15:58,035 --> 01:16:00,995
we don't know anyways just want to share that

1679
01:16:00,995 --> 01:16:02,215
But that was cool.

1680
01:16:02,435 --> 01:16:06,975
Dude, what if it's like a sequel to E.T.?

1681
01:16:06,975 --> 01:16:08,815
Because that's like what E.T.'s hands were like.

1682
01:16:09,835 --> 01:16:10,215
What do you mean?

1683
01:16:10,355 --> 01:16:11,675
It was what E.T. was what?

1684
01:16:12,235 --> 01:16:13,075
E.T.?

1685
01:16:13,075 --> 01:16:13,435
Yeah.

1686
01:16:13,835 --> 01:16:14,575
It was about the sun?

1687
01:16:15,015 --> 01:16:17,395
No, but it had like three digits.

1688
01:16:19,395 --> 01:16:21,495
So it is E.T. because of the digits.

1689
01:16:22,175 --> 01:16:27,135
Could be, but one of the identifying marks of any race is the digits.

1690
01:16:28,335 --> 01:16:28,635
Wow.

1691
01:16:28,635 --> 01:16:29,795
Where's my post at?

1692
01:16:29,915 --> 01:16:30,935
I lost my post.

1693
01:16:30,995 --> 01:16:33,575
pretty out the speed

1694
01:16:33,575 --> 01:16:35,415
oh man

1695
01:16:35,415 --> 01:16:36,395
I can't find it

1696
01:16:36,395 --> 01:16:37,595
speaking of movies

1697
01:16:37,595 --> 01:16:38,355
and also

1698
01:16:38,355 --> 01:16:39,335
of Matthew McConaughey

1699
01:16:39,335 --> 01:16:41,315
recently

1700
01:16:41,315 --> 01:16:42,675
Matthew McConaughey

1701
01:16:42,675 --> 01:16:43,595
was here

1702
01:16:43,595 --> 01:16:44,115
with

1703
01:16:44,115 --> 01:16:44,975
Timothy Chalamet

1704
01:16:44,975 --> 01:16:46,055
at UT campus

1705
01:16:46,055 --> 01:16:46,775
just up the road

1706
01:16:46,775 --> 01:16:48,395
doing a

1707
01:16:48,395 --> 01:16:49,175
town hall

1708
01:16:49,175 --> 01:16:49,795
they called it

1709
01:16:49,795 --> 01:16:50,115
but really

1710
01:16:50,115 --> 01:16:50,455
they were just

1711
01:16:50,455 --> 01:16:51,135
talking about movies

1712
01:16:51,135 --> 01:16:51,615
I don't know why

1713
01:16:51,615 --> 01:16:51,995
they called it

1714
01:16:51,995 --> 01:16:52,675
a town hall

1715
01:16:52,675 --> 01:16:53,655
but it was cool

1716
01:16:53,655 --> 01:16:54,335
because they were like

1717
01:16:54,335 --> 01:16:54,875
it was like

1718
01:16:54,875 --> 01:16:56,515
hosted by like

1719
01:16:56,515 --> 01:16:58,115
the students

1720
01:16:58,115 --> 01:16:59,535
the film students

1721
01:16:59,535 --> 01:16:59,975
at UT

1722
01:16:59,975 --> 01:17:02,255
Did you share it on Snooker News?

1723
01:17:02,555 --> 01:17:04,095
Yeah, I could. I watched the whole thing.

1724
01:17:04,175 --> 01:17:06,015
They didn't really say anything groundbreaking, but

1725
01:17:06,015 --> 01:17:08,095
I liked it. I feel like

1726
01:17:08,095 --> 01:17:10,255
Timothee Chalamet is my friend, so it was fun to hang out

1727
01:17:10,255 --> 01:17:11,355
with him for a second.

1728
01:17:12,855 --> 01:17:14,155
How was he your friend?

1729
01:17:14,315 --> 01:17:16,115
In what sense? In the sense that

1730
01:17:16,115 --> 01:17:18,355
whenever he wins, I feel like I win.

1731
01:17:19,115 --> 01:17:20,315
Did he win the Oscar already?

1732
01:17:20,315 --> 01:17:21,175
Have they done the Oscars?

1733
01:17:21,475 --> 01:17:22,435
You guys are tight.

1734
01:17:23,455 --> 01:17:24,815
He did win the Oscars.

1735
01:17:25,335 --> 01:17:27,815
He won an award. I don't know if it was an Oscar,

1736
01:17:28,075 --> 01:17:29,555
but he won something.

1737
01:17:29,975 --> 01:17:34,515
And Dune 3 is going to be coming around here soon as well.

1738
01:17:34,715 --> 01:17:35,255
Check that.

1739
01:17:36,855 --> 01:17:38,035
I'm excited about that.

1740
01:17:38,315 --> 01:17:40,715
Wow, I can't find my post.

1741
01:17:41,295 --> 01:17:41,815
My bad.

1742
01:17:41,955 --> 01:17:43,555
I think there might be something wrong with search.

1743
01:17:44,875 --> 01:17:45,735
What are you trying to find?

1744
01:17:45,755 --> 01:17:48,595
Trying to find my Stacker News Live post.

1745
01:17:49,975 --> 01:17:50,995
That sucks.

1746
01:17:51,755 --> 01:17:53,855
It should be in...

1747
01:17:53,855 --> 01:17:55,155
Why are you on Top Post?

1748
01:17:55,155 --> 01:17:55,975
Go to New.

1749
01:17:58,735 --> 01:17:59,595
And there you are.

1750
01:17:59,595 --> 01:18:01,155
SNL number 213.

1751
01:18:01,415 --> 01:18:02,075
Oh, there it goes.

1752
01:18:02,295 --> 01:18:02,735
Gosh.

1753
01:18:03,095 --> 01:18:03,975
You're posting in Bitcoin.

1754
01:18:04,495 --> 01:18:04,815
Yeah.

1755
01:18:05,075 --> 01:18:06,675
I was like, where did it go?

1756
01:18:06,855 --> 01:18:10,515
Oh, the last thing I wanted to bring up was why we built the AI startup radio.

1757
01:18:10,595 --> 01:18:11,955
That's happening two weeks from now.

1758
01:18:12,015 --> 01:18:12,715
Can you believe it?

1759
01:18:13,895 --> 01:18:14,335
Yeah.

1760
01:18:14,375 --> 01:18:15,995
I wrote this article the other night.

1761
01:18:16,435 --> 01:18:19,975
Spent some time because I've been getting a lot of questions from the community,

1762
01:18:19,975 --> 01:18:25,995
but also from people just outside of our community asking me,

1763
01:18:25,995 --> 01:18:30,095
like why are we doing AI stuff in Austin directly related to Bitcoin?

1764
01:18:30,615 --> 01:18:35,235
And I wanted to write this to talk about like why I think it's important to do that.

1765
01:18:35,295 --> 01:18:36,175
We were talking about it earlier.

1766
01:18:36,615 --> 01:18:38,475
I was talking about earlier with Jana,

1767
01:18:38,735 --> 01:18:42,795
but I really believe that we're definitely in a bubble here in Austin

1768
01:18:42,795 --> 01:18:45,675
and there's definitely a bubble in San Francisco.

1769
01:18:46,335 --> 01:18:51,455
But I think there's just an opportunity here for us to really put Bitcoin at the forefront,

1770
01:18:51,455 --> 01:18:53,355
especially in Austin

1771
01:18:53,355 --> 01:18:56,455
because I think the payment solution

1772
01:18:56,455 --> 01:18:57,475
however it gets solved

1773
01:18:57,475 --> 01:19:00,195
I'm just really bullish on it

1774
01:19:00,195 --> 01:19:01,695
and I really want to see

1775
01:19:01,695 --> 01:19:04,355
normal AI folks

1776
01:19:04,355 --> 01:19:06,075
who are outside of our little bubble

1777
01:19:06,075 --> 01:19:07,975
in the Bitcoin ecosystem here in town

1778
01:19:07,975 --> 01:19:09,755
to get a chance to play with Bitcoin

1779
01:19:09,755 --> 01:19:10,395
for the first time

1780
01:19:10,395 --> 01:19:11,095
and see like

1781
01:19:11,095 --> 01:19:14,635
hey this could change my business

1782
01:19:14,635 --> 01:19:15,995
but yeah

1783
01:19:15,995 --> 01:19:17,075
I wrote a whole post about it

1784
01:19:17,075 --> 01:19:19,355
we shared some of the recent workshops

1785
01:19:19,355 --> 01:19:19,915
that we did

1786
01:19:19,915 --> 01:19:21,055
the Praveen one

1787
01:19:21,055 --> 01:19:26,995
the one with Eddie and yeah we also uh Darren also released the second version of Pleb TV

1788
01:19:26,995 --> 01:19:33,515
which is actually a lot more stable now but um yeah we've been posting a lot of stuff and then

1789
01:19:33,515 --> 01:19:40,295
we announced a startup school for later this year but you can sign up now we have one person who's

1790
01:19:41,015 --> 01:19:47,315
who's going to be coming from the Breeze uh um winner thing so he'll be in startup school this

1791
01:19:47,315 --> 01:19:52,375
year but we also have uh we're also taking applications now if you want to join and then

1792
01:19:52,375 --> 01:19:56,955
all the other stuff that the guys are building inside the lab but uh it's a long list yeah

1793
01:19:56,955 --> 01:20:04,835
anyways wanted to share that and um where is it out here and i think that's it

1794
01:20:04,835 --> 01:20:16,075
all right we're gonna jump into meta this is where it gets super spicy

1795
01:20:16,075 --> 01:20:17,775
Keyon

1796
01:20:17,775 --> 01:20:20,655
this one was this week

1797
01:20:20,655 --> 01:20:22,975
which it said why isn't there

1798
01:20:22,975 --> 01:20:24,815
a blankety blank version of

1799
01:20:24,815 --> 01:20:27,215
Stacker News? Yeah we usually go through

1800
01:20:27,215 --> 01:20:29,375
meta pretty fast and this is

1801
01:20:29,375 --> 01:20:31,195
Scoresby wondering about

1802
01:20:31,195 --> 01:20:32,875
Stacker News

1803
01:20:32,875 --> 01:20:35,315
there are a bunch of altcoins out there

1804
01:20:35,315 --> 01:20:37,635
why aren't any altcoins trying to build a Stacker News

1805
01:20:37,635 --> 01:20:38,795
and

1806
01:20:38,795 --> 01:20:41,455
so that's a legitimate question

1807
01:20:41,455 --> 01:20:43,555
there's a few that exist now

1808
01:20:43,555 --> 01:20:45,215
and are still alive that seem

1809
01:20:45,215 --> 01:20:47,555
functional and like they have customers.

1810
01:20:48,155 --> 01:20:54,895
One of them is Farcaster, which is kind of what does a lot of altcoins and I think it

1811
01:20:54,895 --> 01:20:56,775
focuses on like social trading.

1812
01:20:57,455 --> 01:21:00,575
He kind of explains that it like pivoted to becoming a wallet.

1813
01:21:01,395 --> 01:21:07,675
Yeah, more recently they're like, they realized that building the wallet is more valuable

1814
01:21:07,675 --> 01:21:08,995
to people and easier to do.

1815
01:21:09,215 --> 01:21:12,375
And so they focused more on the wallet.

1816
01:21:12,375 --> 01:21:15,655
and then people in the comments

1817
01:21:15,655 --> 01:21:17,315
I think

1818
01:21:17,315 --> 01:21:19,475
Scorsby is aware of Steemit but

1819
01:21:19,475 --> 01:21:21,655
describe Steemit a little more in the background

1820
01:21:21,655 --> 01:21:22,555
I remember Steemit

1821
01:21:22,555 --> 01:21:23,995
I guess one of the founders

1822
01:21:23,995 --> 01:21:26,275
this is trivia that merch dropped

1823
01:21:26,275 --> 01:21:29,575
one of the founders was the recipient of

1824
01:21:29,575 --> 01:21:31,615
Satoshi's message

1825
01:21:31,615 --> 01:21:33,575
if you don't

1826
01:21:33,575 --> 01:21:36,255
understand it I don't have time to explain it to you

1827
01:21:36,255 --> 01:21:37,815
so one of the founders

1828
01:21:37,815 --> 01:21:39,935
of Steemit was the one who Satoshi responded to

1829
01:21:39,935 --> 01:21:40,315
with that

1830
01:21:40,315 --> 01:21:40,795
Oh.

1831
01:21:41,575 --> 01:21:44,175
Yeah, Dan Lomer was a complete shit corner.

1832
01:21:46,015 --> 01:21:48,875
He was launching all the scams when I got started in Bitcoin.

1833
01:21:49,615 --> 01:21:50,015
Oh.

1834
01:21:50,495 --> 01:21:50,655
Yeah.

1835
01:21:51,375 --> 01:21:52,195
Made a lot of money, too.

1836
01:21:52,255 --> 01:21:53,475
He's probably retired somewhere on an island.

1837
01:21:54,835 --> 01:21:55,895
But, yeah.

1838
01:21:56,595 --> 01:21:57,575
Steemit, I remember that.

1839
01:21:57,935 --> 01:21:58,715
That was a big thing.

1840
01:21:58,855 --> 01:22:02,715
It was actually like a really big part of the crypto community at that time.

1841
01:22:03,235 --> 01:22:04,175
A lot of people were on there.

1842
01:22:04,595 --> 01:22:08,055
It was covered in the anarchist documentary on HBO Max.

1843
01:22:08,055 --> 01:22:08,235
Oh, for sure.

1844
01:22:08,235 --> 01:22:09,815
which Juan Galt was.

1845
01:22:10,555 --> 01:22:10,715
Yep.

1846
01:22:11,215 --> 01:22:11,975
I watched that,

1847
01:22:12,035 --> 01:22:13,755
but I don't remember the Steemit portion.

1848
01:22:13,935 --> 01:22:14,575
Yeah, they were talking about

1849
01:22:14,575 --> 01:22:15,315
riding on Steemit

1850
01:22:15,315 --> 01:22:16,175
earning like $11

1851
01:22:16,175 --> 01:22:19,335
and $10 worth of whatever.

1852
01:22:19,515 --> 01:22:19,815
Okay.

1853
01:22:20,795 --> 01:22:21,035
Yeah.

1854
01:22:21,355 --> 01:22:21,735
Tybo Gum.

1855
01:22:22,635 --> 01:22:23,115
Anyways.

1856
01:22:24,675 --> 01:22:25,195
Cool.

1857
01:22:25,195 --> 01:22:28,195
The next one was the...

1858
01:22:28,195 --> 01:22:30,215
Let's just get into it.

1859
01:22:30,415 --> 01:22:32,455
The Rise and Fall of Stacker News.

1860
01:22:32,895 --> 01:22:33,595
Peer-to-peer,

1861
01:22:33,695 --> 01:22:34,295
Valley for Valley,

1862
01:22:34,435 --> 01:22:36,395
that's the nominated social media platform.

1863
01:22:36,495 --> 01:22:37,195
And literally someone...

1864
01:22:37,195 --> 01:22:38,855
from Solomon Satoshi,

1865
01:22:39,355 --> 01:22:40,495
PlayPoet's favorite stacker.

1866
01:22:41,235 --> 01:22:43,215
113,000 sats,

1867
01:22:43,415 --> 01:22:45,395
22 comments. Key on

1868
01:22:45,395 --> 01:22:47,215
what is this Solomon

1869
01:22:47,215 --> 01:22:49,095
Satoshi guy or woman

1870
01:22:49,095 --> 01:22:49,715
talking about?

1871
01:22:50,795 --> 01:22:52,995
It appears Solomon

1872
01:22:52,995 --> 01:22:54,555
is upset

1873
01:22:54,555 --> 01:22:55,915
that

1874
01:22:55,915 --> 01:23:01,035
people aren't attaching sending

1875
01:23:01,035 --> 01:23:03,375
wallets and

1876
01:23:03,375 --> 01:23:05,475
that zaps happen

1877
01:23:05,475 --> 01:23:09,415
as CCs when people do not have the ability

1878
01:23:09,415 --> 01:23:11,455
to send non-custodial Bitcoin.

1879
01:23:12,615 --> 01:23:15,235
And for, I think it was like for two weeks,

1880
01:23:15,355 --> 01:23:17,855
he was on a bit of a down-zap tirade

1881
01:23:17,855 --> 01:23:19,935
where he was down-zapping

1882
01:23:20,513 --> 01:23:23,493
Anyone on the front page that did not have a gun.

1883
01:23:25,153 --> 01:23:27,433
And that was, you know, he felt like that was fair,

1884
01:23:27,533 --> 01:23:31,373
given that they were disrupting Stacker News' economy

1885
01:23:31,373 --> 01:23:35,533
by not inputting more sats or not zapping people's sats,

1886
01:23:36,113 --> 01:23:37,633
and instead zapping them CCs.

1887
01:23:37,793 --> 01:23:38,433
Wait, does he have a gun?

1888
01:23:39,253 --> 01:23:40,393
Oh, yes, okay, just making sure.

1889
01:23:40,613 --> 01:23:43,233
Yeah, he's very proud of his gun, and he reminds people all the time.

1890
01:23:43,393 --> 01:23:44,173
And it's Koinos.

1891
01:23:44,393 --> 01:23:45,793
Anyway, so he thinks this, he thinks this.

1892
01:23:45,793 --> 01:23:46,633
He reminds people all the time.

1893
01:23:46,633 --> 01:23:51,853
And then related to this, we've been reducing clutter on SACR News

1894
01:23:51,853 --> 01:23:53,773
and trying to reduce the number of concepts.

1895
01:23:53,953 --> 01:23:56,913
And one of the things that we knew we had overdone

1896
01:23:56,913 --> 01:23:59,013
was display too many badges next to names.

1897
01:23:59,833 --> 01:24:05,193
So we moved the horse and the gun to just the profile page.

1898
01:24:05,733 --> 01:24:09,633
So if someone wants to communicate their wallet status

1899
01:24:09,633 --> 01:24:12,173
or the badges that they have, they can put them in their profile.

1900
01:24:12,353 --> 01:24:14,453
But next to a name, we felt like it was too many things,

1901
01:24:14,493 --> 01:24:15,133
so we removed that.

1902
01:24:15,133 --> 01:24:17,873
But I think that was what really motivated this,

1903
01:24:17,933 --> 01:24:23,753
is he feels like I'm hiding from him something that he wants to know,

1904
01:24:23,933 --> 01:24:28,373
and therefore I am against people using Bitcoin on Stacker News.

1905
01:24:28,593 --> 01:24:29,413
Wait, does he watch this?

1906
01:24:29,533 --> 01:24:30,673
He probably doesn't even watch the show, right?

1907
01:24:30,913 --> 01:24:31,593
I have no idea.

1908
01:24:31,753 --> 01:24:32,173
He's commenting currently.

1909
01:24:32,533 --> 01:24:33,153
Oh, okay, cool.

1910
01:24:33,293 --> 01:24:35,193
We'll read the comments, Solomon, to Toshi.

1911
01:24:36,273 --> 01:24:38,393
Don't take offense to my jokes about the communism stuff.

1912
01:24:38,473 --> 01:24:39,593
That's just me being funny.

1913
01:24:39,593 --> 01:24:44,673
Yeah, but I wanted to cover this post because he boosted it quite high.

1914
01:24:45,133 --> 01:24:47,713
A lot of what he's saying here is accurate.

1915
01:24:49,093 --> 01:24:59,633
Yeah, he makes some points that I think are not terrible.

1916
01:25:00,413 --> 01:25:02,533
You want the card take or should Flipo go first?

1917
01:25:05,053 --> 01:25:10,433
What was in here is not what he's usually saying in the comments.

1918
01:25:10,593 --> 01:25:12,993
What he's usually saying in the comments is the same tired thing,

1919
01:25:13,153 --> 01:25:14,793
which anybody can see through.

1920
01:25:15,133 --> 01:25:18,753
that he's not the judge of all of us.

1921
01:25:19,753 --> 01:25:21,093
He's not holier than thou.

1922
01:25:21,973 --> 01:25:24,413
But it would appear that he has taken that stance.

1923
01:25:24,633 --> 01:25:25,013
Oh, wow.

1924
01:25:25,833 --> 01:25:27,333
I might have to unmute him now.

1925
01:25:27,973 --> 01:25:29,153
I mean, he made the top comment.

1926
01:25:29,413 --> 01:25:31,413
Well, he didn't technically make the top, but...

1927
01:25:31,413 --> 01:25:32,013
But here...

1928
01:25:32,013 --> 01:25:34,213
Sounds like he's having a conversation now.

1929
01:25:34,393 --> 01:25:37,133
Some of the history he presents is accurate.

1930
01:25:38,873 --> 01:25:43,753
And I actually did appreciate that it wasn't what I would expect from him

1931
01:25:43,753 --> 01:25:47,413
of just spewing a point of view,

1932
01:25:47,733 --> 01:25:49,573
although it does end up in that place.

1933
01:25:51,013 --> 01:25:53,573
My biggest gripe about this post in particular

1934
01:25:53,573 --> 01:25:57,153
is the way it's formatted is odd and hard to read.

1935
01:25:57,713 --> 01:26:02,393
I wish you'd use paragraphs, bro, in the proper way.

1936
01:26:02,393 --> 01:26:04,673
I think he was just in the moment.

1937
01:26:04,753 --> 01:26:05,613
This feels very emotional.

1938
01:26:06,633 --> 01:26:08,053
He writes everything like this.

1939
01:26:08,153 --> 01:26:08,753
Yeah, it's great.

1940
01:26:09,533 --> 01:26:09,793
Cool.

1941
01:26:10,173 --> 01:26:11,153
Do you want to hear my take,

1942
01:26:11,233 --> 01:26:12,853
or should I just maybe not say it

1943
01:26:12,853 --> 01:26:14,053
because it'll just stir the pot more, right?

1944
01:26:14,973 --> 01:26:16,373
You can share.

1945
01:26:16,473 --> 01:26:20,073
I just want to describe this, though,

1946
01:26:20,153 --> 01:26:37,575
as Solomon Satoshi thinks because of cowboy credits and the fact that he can see people whether they have a gun or not maybe it meaning an ascending wallet that Stacker News is dying So that is I want to you know that his point of view and I proud to share his point of view with you

1947
01:26:38,855 --> 01:26:40,056
All right, you ready for the car take?

1948
01:26:40,676 --> 01:26:48,336
So, I think there's, I think there's, you know, obviously, you've been muted by me, Solomon Satoshi,

1949
01:26:48,336 --> 01:26:51,616
but you suck as a person to talk to on Stacker News.

1950
01:26:51,616 --> 01:26:56,276
so that's why i got muted now it seems like you're actually having a conversation now so

1951
01:26:56,276 --> 01:27:02,276
i'll probably unmute you but i will say though that um yeah if you would have came in earlier

1952
01:27:02,276 --> 01:27:06,855
man in the early days stacker news was awesome it was great we had a custodial wallets lightning

1953
01:27:06,855 --> 01:27:14,676
was amazing and then uh you know the law the law won and eventually what happened is um

1954
01:27:14,676 --> 01:27:19,816
kian had to do non-custodial stuff and that's kind of the situation we're in i don't think it's

1955
01:27:19,816 --> 01:27:25,715
entirely been solved yet but at some point it will be and me who remembers from the early days

1956
01:27:25,715 --> 01:27:30,975
how amazing it was i think it'll get back there soon so hang in there buddy yeah that's that's my

1957
01:27:30,975 --> 01:27:35,536
take i'll just i'll just double click on what i was saying too like to that exact point that you

1958
01:27:35,536 --> 01:27:41,735
just made he is like honest about the reason for changes in stacker news is because of outside

1959
01:27:41,735 --> 01:27:47,635
pressure state pressure and i that didn't feel like something that would be he'd be honest about

1960
01:27:47,635 --> 01:27:49,255
based on other things you said.

1961
01:27:49,536 --> 01:27:52,776
Be clear, there was no direct state pressure.

1962
01:27:53,156 --> 01:27:54,075
There was anticipate.

1963
01:27:54,315 --> 01:27:57,396
We knew we were doing something that could be illegal.

1964
01:27:57,635 --> 01:27:57,815
For sure.

1965
01:27:57,975 --> 01:28:00,915
Or that could be prosecuted or prosecuted for doing something that was illegal.

1966
01:28:01,315 --> 01:28:04,235
Because we were taking custody of people's money

1967
01:28:04,235 --> 01:28:07,716
and allowing them while it was in our custody to transfer it to other people,

1968
01:28:07,915 --> 01:28:10,556
which is money transmission, which you cannot do without licenses

1969
01:28:10,556 --> 01:28:14,135
in nearly all of the United States and most of the Western world.

1970
01:28:14,135 --> 01:28:18,975
Yeah, I think the technology is getting solved now with a lot of what's out there.

1971
01:28:19,176 --> 01:28:24,156
And I think even Justin from Shrunk Wallet has made it really easy to integrate his wallet in there.

1972
01:28:24,815 --> 01:28:30,896
So why haven't I done it personally is because I'm waiting for Keon to make it really, really, really, really easy for me.

1973
01:28:31,375 --> 01:28:32,976
Just like he reads the news to me every week.

1974
01:28:32,995 --> 01:28:33,695
I want it that easy.

1975
01:28:34,295 --> 01:28:39,676
I'm kind of like the DarthCoin flavor of this where it's like I want to take the stats home and keep them there.

1976
01:28:40,355 --> 01:28:40,836
There you go.

1977
01:28:40,836 --> 01:28:48,276
and exchange cc's when i have them there you go it works there's a lot of comments here he's

1978
01:28:48,276 --> 01:28:55,596
responding to all of them so jump in there if you have some opinions um but yeah well look at that

1979
01:28:55,596 --> 01:29:00,556
shootout at the bottom keep the memes coming though this is awesome oh they should do the

1980
01:29:00,556 --> 01:29:05,956
back to the future one anyways um should we read the comments now or should we save that yeah we

1981
01:29:05,956 --> 01:29:07,036
Yes, we'll save that for the end.

1982
01:29:07,836 --> 01:29:10,075
We had a couple...

1983
01:29:10,075 --> 01:29:10,995
Oh, no, we had this one.

1984
01:29:11,755 --> 01:29:12,875
This was the other meta thing that you had.

1985
01:29:13,635 --> 01:29:15,596
We didn't talk about this release.

1986
01:29:17,355 --> 01:29:19,495
Yeah, this was just for people to see

1987
01:29:19,495 --> 01:29:22,456
what content was most downzapped on a given day.

1988
01:29:23,195 --> 01:29:24,755
Because we were having these huge shootouts

1989
01:29:24,755 --> 01:29:27,195
of zaps and downzaps where

1990
01:29:27,195 --> 01:29:39,818
it seemed like mostly Solomon who was copped to it was downzapping a lot of content And without the ability to see what was getting down people couldn fight back very easily

1991
01:29:40,418 --> 01:29:45,718
So that's what this was released for, is for people to be able to shoot out on fair terms.

1992
01:29:47,018 --> 01:29:54,138
And then the other release was that a slight fix to prisms or these forwards.

1993
01:29:54,138 --> 01:29:58,978
When you forward sats to someone on a post, they can now, the largest share of the split,

1994
01:29:59,198 --> 01:30:00,258
can be non-custodial.

1995
01:30:02,938 --> 01:30:04,778
I'm still trying to get used to the whole lit thing.

1996
01:30:05,678 --> 01:30:08,178
It's tough for me to understand, but I'm a boomer.

1997
01:30:08,978 --> 01:30:09,498
I'm a boomer.

1998
01:30:11,258 --> 01:30:12,178
What are you looking at?

1999
01:30:12,758 --> 01:30:12,958
Huh?

2000
01:30:13,058 --> 01:30:14,498
What are you looking at up there?

2001
01:30:14,958 --> 01:30:15,518
I wasn't looking.

2002
01:30:15,558 --> 01:30:16,998
I was, like, stretching my...

2003
01:30:16,998 --> 01:30:17,538
Oh, okay.

2004
01:30:17,538 --> 01:30:22,338
So we have the YouTube comments from Blancdory said, thank you.

2005
01:30:23,158 --> 01:30:24,638
I guess that was the Prague person.

2006
01:30:24,898 --> 01:30:27,078
And then Vake said, stay in the Czech Republic.

2007
01:30:27,518 --> 01:30:27,978
Is that in Prague?

2008
01:30:28,858 --> 01:30:30,158
Or is Prague in Czech Republic?

2009
01:30:30,418 --> 01:30:30,658
Yeah.

2010
01:30:31,058 --> 01:30:32,238
Prague in Czech Republic.

2011
01:30:32,298 --> 01:30:32,818
That makes sense.

2012
01:30:32,938 --> 01:30:33,778
It used to be Czechoslovakia.

2013
01:30:33,778 --> 01:30:34,718
Great Ruby from Bouton.

2014
01:30:34,818 --> 01:30:35,778
Thank you for the stats, buddy.

2015
01:30:37,378 --> 01:30:37,738
Yeah.

2016
01:30:37,938 --> 01:30:38,798
Let's read the comments.

2017
01:30:38,938 --> 01:30:39,338
Go down here.

2018
01:30:39,458 --> 01:30:39,938
Oh, nothing.

2019
01:30:40,278 --> 01:30:40,958
So, there you go.

2020
01:30:41,438 --> 01:30:41,678
Oh, wait.

2021
01:30:41,758 --> 01:30:42,358
Oh, we got one.

2022
01:30:43,018 --> 01:30:46,518
Curious to hear the take on whether more pools actually reduce centralization or just spread

2023
01:30:46,518 --> 01:30:47,138
the illusion of it.

2024
01:30:47,458 --> 01:30:48,398
He's not curious about anything.

2025
01:30:48,518 --> 01:30:48,898
It's a bot.

2026
01:30:49,278 --> 01:30:49,878
Oh, wow.

2027
01:30:50,598 --> 01:30:52,058
I didn't know the response to Stacker News.

2028
01:30:52,978 --> 01:30:56,838
Oh, I guess the comments I was referring to are on the zine post.

2029
01:30:56,838 --> 01:30:57,798
Oh, on the zine post.

2030
01:30:57,798 --> 01:30:58,438
Okay, gotcha.

2031
01:30:58,658 --> 01:30:59,538
Let me go back here.

2032
01:31:03,978 --> 01:31:04,658
There you go.

2033
01:31:05,378 --> 01:31:06,138
Good stuff.

2034
01:31:07,298 --> 01:31:08,458
Looks like Darth Coit had a question.

2035
01:31:08,478 --> 01:31:08,678
He's there.

2036
01:31:08,918 --> 01:31:09,598
See, he's there.

2037
01:31:11,518 --> 01:31:12,478
He's there.

2038
01:31:14,858 --> 01:31:19,258
The Phantom of the Opera.

2039
01:31:19,678 --> 01:31:20,938
We're going to jump into the top.

2040
01:31:21,058 --> 01:31:23,018
Cowboys, most popular segment in Bitcoin.

2041
01:31:23,218 --> 01:31:23,698
You-dee-hoo.

2042
01:31:24,478 --> 01:31:24,838
Yeah.

2043
01:31:25,458 --> 01:31:26,198
Who-dee-hoo.

2044
01:31:26,198 --> 01:31:26,538
Yeah.

2045
01:31:27,798 --> 01:31:29,578
Top Cowboys, we can see people's guns.

2046
01:31:29,938 --> 01:31:31,618
You guys aren't going to...

2047
01:31:31,618 --> 01:31:35,238
I'm waiting for you guys to release or to fix this segment.

2048
01:31:35,418 --> 01:31:36,158
No, this is great.

2049
01:31:36,238 --> 01:31:36,718
This is fantastic.

2050
01:31:36,738 --> 01:31:37,958
Carl, let's think of a new segment.

2051
01:31:38,078 --> 01:31:40,438
I think every time we do this segment, it gets better and better.

2052
01:31:40,438 --> 01:31:41,878
Let's just put our heads together, though.

2053
01:31:41,958 --> 01:31:42,378
Right now?

2054
01:31:42,758 --> 01:31:43,358
Let's think.

2055
01:31:43,678 --> 01:31:48,058
I guess we could do top comments, but I think that will just inflame even more downzapping.

2056
01:31:48,178 --> 01:31:49,018
But why not?

2057
01:31:49,458 --> 01:31:50,478
Man, we could do that.

2058
01:31:50,918 --> 01:31:52,598
Downzapping still ends up in the rewards.

2059
01:31:52,818 --> 01:31:53,758
It's still good.

2060
01:31:53,877 --> 01:31:55,118
Maybe we should have a downzap category.

2061
01:31:55,138 --> 01:31:56,138
Stimulates the economy.

2062
01:31:56,138 --> 01:31:59,298
Maybe we should have a down zap category up here where all the down zaps.

2063
01:31:59,458 --> 01:32:00,278
That was proposed.

2064
01:32:00,498 --> 01:32:01,278
That was another post.

2065
01:32:01,558 --> 01:32:02,758
One of the top posts.

2066
01:32:03,018 --> 01:32:05,698
That would be hilarious to see just like the empty recycling bin.

2067
01:32:06,658 --> 01:32:08,598
But no, let's look at the top comment right now.

2068
01:32:10,018 --> 01:32:14,138
Top comment was from...

2069
01:32:14,898 --> 01:32:15,278
Oh.

2070
01:32:16,778 --> 01:32:17,698
Solomon Satoshi.

2071
01:32:17,938 --> 01:32:18,318
Boom.

2072
01:32:18,518 --> 01:32:22,418
There are a number of contributors who write a lot about them potentially virtually.

2073
01:32:22,938 --> 01:32:23,258
Okay.

2074
01:32:23,258 --> 01:32:23,377
Okay.

2075
01:32:23,377 --> 01:32:27,798
Okay, right underneath that Cindy Kate. Do you know about this? No, what's going on?

2076
01:32:27,798 --> 01:32:32,398
So check out who Cindy Kate is Cindy Kate. I don't know what's going on here

2077
01:32:34,078 --> 01:32:46,640
They are posting the down zapped posts in the list so that you don miss them I think this is all good man This is all experiment man I think this is good Experiment man

2078
01:32:46,780 --> 01:32:48,320
Just don't mute, Cindy Kate.

2079
01:32:48,500 --> 01:32:50,400
This just reminds me of another

2080
01:32:50,400 --> 01:32:52,160
battle

2081
01:32:52,160 --> 01:32:54,760
in the long history

2082
01:32:54,760 --> 01:32:56,480
of Snacker News.

2083
01:32:56,480 --> 01:32:58,200
It's just like the great battle

2084
01:32:58,200 --> 01:32:59,280
of the down zappers.

2085
01:33:00,280 --> 01:33:01,500
It's one of those things.

2086
01:33:02,300 --> 01:33:04,320
Of course, we should make that history

2087
01:33:04,320 --> 01:33:06,220
lesson. What's that merch comment?

2088
01:33:06,300 --> 01:33:07,040
That's really high.

2089
01:33:07,180 --> 01:33:07,400
Zapped.

2090
01:33:09,360 --> 01:33:12,140
Like, I remember so many of these over the years.

2091
01:33:13,400 --> 01:33:14,420
Is that about Steemit?

2092
01:33:15,100 --> 01:33:15,400
Yeah.

2093
01:33:16,580 --> 01:33:17,960
But anyway, top comments.

2094
01:33:18,180 --> 01:33:18,600
Pretty good.

2095
01:33:18,700 --> 01:33:19,900
But we're going back to the top cowboys.

2096
01:33:19,980 --> 01:33:20,920
That's what people come here for.

2097
01:33:21,740 --> 01:33:23,340
And it's still the same people every week.

2098
01:33:23,680 --> 01:33:24,920
Coop, Undiscipline, Blockchain Boog.

2099
01:33:25,360 --> 01:33:25,800
Boog?

2100
01:33:26,200 --> 01:33:27,180
Blockchain Boog.

2101
01:33:27,680 --> 01:33:29,400
Gray Ruby, Crypto Sensei.

2102
01:33:30,400 --> 01:33:31,980
And yeah, everybody else.

2103
01:33:31,980 --> 01:33:34,280
Kian, what do you think about the top snacks?

2104
01:33:34,280 --> 01:33:43,540
top cowboys i think they're really getting up getting on up yeah yeah so you're not showing

2105
01:33:43,540 --> 01:33:47,720
the guns here then is what you're saying yeah you have to go to a person's profile to see the gun

2106
01:33:47,720 --> 01:33:53,080
but you still highlight like how many people okay you're on the cowboy page the cowboy is like our

2107
01:33:53,080 --> 01:33:58,740
first badge and we feel it is the most important badge that we have the other ones were fun ways

2108
01:33:58,740 --> 01:33:59,980
to communicate wallet status.

2109
01:34:00,160 --> 01:34:01,420
That was kind of what we were going for.

2110
01:34:01,980 --> 01:34:04,300
Less so like a point of pride,

2111
01:34:05,300 --> 01:34:07,080
which they sort of became.

2112
01:34:08,120 --> 01:34:08,860
But yeah.

2113
01:34:09,160 --> 01:34:09,860
I support it.

2114
01:34:10,020 --> 01:34:11,160
I think this will pass.

2115
01:34:11,300 --> 01:34:12,440
It all passes eventually

2116
01:34:12,440 --> 01:34:15,200
with all the downs happen.

2117
01:34:16,060 --> 01:34:18,160
I think the downs happen will continue.

2118
01:34:19,120 --> 01:34:19,1000
That is the nature.

2119
01:34:20,820 --> 01:34:21,080
Cool.

2120
01:34:21,620 --> 01:34:22,620
That's all I got.

2121
01:34:23,360 --> 01:34:24,120
Key on.

2122
01:34:24,200 --> 01:34:24,820
What do you do this weekend?

2123
01:34:25,760 --> 01:34:26,780
What am I doing?

2124
01:34:26,780 --> 01:34:29,240
I have a release that I've been

2125
01:34:29,240 --> 01:34:31,140
planning a ship with stuff.

2126
01:34:31,780 --> 01:34:33,680
Probably going to, I think I'm going to cut my beard

2127
01:34:33,680 --> 01:34:35,500
and my hair.

2128
01:34:36,360 --> 01:34:37,560
I'm going to be a different person.

2129
01:34:37,580 --> 01:34:38,200
Cut it off?

2130
01:34:39,140 --> 01:34:39,540
Really?

2131
01:34:40,140 --> 01:34:41,080
I'm going to get rid of it, yeah.

2132
01:34:41,500 --> 01:34:42,580
You're going to get rid of it?

2133
01:34:42,580 --> 01:34:44,480
Yeah, with all these advancements in AI,

2134
01:34:45,480 --> 01:34:48,380
I'm realizing that hair is unnecessary.

2135
01:34:48,1000 --> 01:34:49,780
That's interesting.

2136
01:34:50,200 --> 01:34:50,940
But you're a wizard.

2137
01:34:52,420 --> 01:34:54,200
Not with AI anymore.

2138
01:34:54,860 --> 01:34:55,260
I'm not a wizard.

2139
01:34:55,260 --> 01:34:56,580
Dang, AI is the wizard, huh?

2140
01:34:56,780 --> 01:34:57,820
AI is the wizard now.

2141
01:34:58,020 --> 01:34:59,040
I'm just a normal.

2142
01:34:59,040 --> 01:35:00,120
What are you doing this weekend?

2143
01:35:00,240 --> 01:35:01,700
I'll believe it when I see it.

2144
01:35:01,740 --> 01:35:01,920
Me?

2145
01:35:03,300 --> 01:35:04,820
I have to write a short story.

2146
01:35:05,180 --> 01:35:05,660
Oh, really?

2147
01:35:05,780 --> 01:35:05,880
About what?

2148
01:35:05,880 --> 01:35:09,640
And I've got a couple paragraphs going on it, so I'm just going to work on that.

2149
01:35:10,180 --> 01:35:10,780
That should be fun.

2150
01:35:11,220 --> 01:35:13,800
I don't know what it's about, and that's why it's been hard to write.

2151
01:35:15,140 --> 01:35:18,500
It's really hard to write about things you don't know what you're writing about.

2152
01:35:18,500 --> 01:35:22,260
Because I like things that are no plot, just vibes.

2153
01:35:22,980 --> 01:35:25,840
It's hard to do when you're not feeling the vibe.

2154
01:35:25,840 --> 01:35:28,620
Dang

2155
01:35:28,620 --> 01:35:30,220
But I'll get there

2156
01:35:30,220 --> 01:35:31,280
That sounds hard

2157
01:35:31,280 --> 01:35:32,380
Can't wait to read it

2158
01:35:32,380 --> 01:35:34,320
Stackers had yourself a great weekend

2159
01:35:34,320 --> 01:35:35,140
What are you doing car?

2160
01:35:36,320 --> 01:35:36,900
I'm tired

2161
01:35:36,900 --> 01:35:38,680
So tired

2162
01:35:38,680 --> 01:35:41,080
Probably just got more work to do

2163
01:35:41,080 --> 01:35:43,140
Coming up on two hour episode

2164
01:35:43,140 --> 01:35:44,300
Alright

2165
01:35:44,300 --> 01:35:45,800
Ready to go night night

2166
01:35:45,800 --> 01:35:46,600
Let's go

2167
01:35:46,600 --> 01:35:47,040
Okay
