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live from plan lab in austin texas this is stacker news live

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hello ladies and welcome back to another exciting episode of stacker news live my bff keel

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howdy doody kian hi howdy how was your uh week uh it was pretty good i think yeah it was amazing

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actually yeah man so many cool things happened just trying to remember them all there were just

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so many like having to having to think through all the things that happened i think i came into

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work every day and then i was on a computer oh that's cool yeah what's that like these days

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oh yeah it's like we have these screens that uh emit a bunch of colors in high density i could

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see that um and yeah they help you communicate with people around the world yeah that's what

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it's like being on one of those all day and that's what i usually do um yeah it was so good

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couldn't believe it i couldn't believe it how was your week it was busy a lot of stuff going on

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i feel like i was juggling like seven different things you know what though like

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you really you really can um juggle a lot of things at once like when you're when you're

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tested to the limit you can juggle a lot yeah like the mind is sometimes the mind is a mountain

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but sometimes when you're asked to climb it well you can do it metaphors going on here you can

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juggle in mountains you could you could definitely you definitely climb the mountain that is your mind

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sometimes oh yeah for sure we we adapt we can adapt some of the limits it's fun too it's kind

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of fun it reinvigorates you sometimes you know but uh i saw predator this week the new one the

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new one yeah good dude yeah it's i mean you could tell it's for gen z so maybe take your kids or

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something or your teenager it's for gen z like you could it's not it's not like a it's not for our age

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what does that mean it just means that i mean i enjoyed it but you know i'm also a person that

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likes watching films and movies and stuff so i'm already gonna be bought in so there's that that's

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a lot of people no i feel like most people don't go to the theaters anymore i feel like that's a

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thing okay yeah i think that's definitely true if you ever go to theaters like i enjoy going to

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the theater like i watched tron i told you i watched tron and i watched it and i knew how

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dumb it was i knew that it was just a stupid roller coaster ride but i enjoyed it yeah but

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I'm just curious, how do you categorize a movie to be for Gen Z?

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What happens in the movie?

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I think you can tell it's a new spin.

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It's a new spin on the Predator series,

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and it's not for our generation because it's not.

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Remember the Arnold Schwarzenegger one and then the Danny Glover one?

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It was super violent, super surreal, very graphic.

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I think there's all sorts of crazy stuff in there.

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so this new one isn't as brutal no this new one is actually really cool it's like it turns it into

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an actual like i mean i don't want to spoil it but just just go watch it it's a very slow

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like it's a very slow thing in the beginning it's like slow at least to me it was probably not to

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people that you know but like to me it was very slow and then somewhere like three like a quarter

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way through it just like picks up and it was just like whoa this is great and then it and then it

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just kept the ride just kept going and there's so many easter eggs dude and i won't give that away

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where i'm just like oh this is so cool like uh because i'm just a fan of all that lore and stuff

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so anyways that was that was the highlight of my week seeing predator bad lads sounds like a good

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time yeah anyways if you've never seen this crazy show before it's called stacker news life it's um

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people are still subscribing stop subscribing to this show um seriously they're not really

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Hit unsubscribe.

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Hit unsubscribe.

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No, because they're even watching it more.

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It's kind of annoying.

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They're watching it more, and they're subscribing, which is stupid.

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Unsubscribe.

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You can still watch it, but just don't subscribe.

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Because the most popular video that we had last week was the Project Alexandria,

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the one that I brought up, remember, about the copyright stuff?

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Oh, right.

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Turns out people want to hear about that stuff, Coop.

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I guess they do.

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I wouldn't have said otherwise.

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Also, I was right here.

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No one cares about BitChat.

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Look, we got 19 views.

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Or no one cares about our opinion on BitChat.

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Yeah, there's that.

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And then I think the people who are using BitChat,

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they're all in the middle of...

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And look, no one cares about fake L2 scans.

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See, no one cares about this stuff.

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This is what I'm saying.

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Being on YouTube has shown me

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that the vast majority of people

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don't care about the things

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that we argue about as Bitcoiners.

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It's just the truth.

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Well, yeah.

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I think that's why all of the major podcasters say some,

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some of them don't even cover Bitcoin exclusively anymore,

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or they just mostly talk about like the stock market.

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Look,

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they care about the graphing stuff.

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They care about the antichrist.

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They care about the fall of the empire.

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They care about the IMF and finding Bitcoin in a dumpster.

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That's what they care about.

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Pretty much any other subject we could cover,

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but interest people more.

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It's really fascinating.

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But yeah,

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hit,

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hit unsubscribe.

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Don't,

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don't,

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don't,

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don't subscribe.

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Cause it's like,

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drawing too much attention it was into a political podcast where we just talk about

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bitcoin bill that would trigger fake so bad imagine how triggered fake would get if we

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just talked about politics yeah i don't know well i don't know anything about politics though

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yeah but we also don't know uh much about bitcoin you know a little bit a little bit

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anyways let's jump into the top stories this week we cover the top three every week here on

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snacker.news what's the new slogan 24 7 bitcoin meet up on a website ouch but we're gonna make it

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work i'll remember that something's not really a verbal one it's more about reading so it's a

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it's okay we'll grow into that where we delve like into bitcoin we'll grow into it

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anyways number three top story of the week rant if you think 50-year mortgages is debt slavery

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you don't understand money this is from simple stacker number 12 econ territory 76 comments 3

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162 cents key owned what is this yeah i guess uh trump flirted with the idea of introducing a 50-year

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mortgage most i think most mortgages i would guess in the united states are 30-year mortgages

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meaning you the bank gives you a bunch of money and you're expected to pay it over pay it back

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over 30 years i think there's a lot of 15-year and 10-year mortgages maybe even some five-year

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and commercial but um yeah it looks like in order to help the housing affordability thing

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and stuff like that trump uh i don't know he probably just like tweeted this out or something

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and said something about 50-year mortgages.

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And then most of social media kind of had a meltdown.

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A lot of people on the liberal side were like,

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this is just assisting the banks,

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helping the banks turn us into slaves and stuff.

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And this is what Simple Stacker is ranting about,

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is that a 50-year mortgage,

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like the market doesn't offer a 50-year mortgage

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because it puts the bank at a significant disadvantage.

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There's no rational reason

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why a bank would introduce a 50-year mortgage, because the money that gets paid back to the bank

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is worth significantly less in 50 years, probably roughly half or more than half of what it was

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worth when the loan was taken out. So it's actually not in the interest of the bank to do

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a 50-year mortgage. And what likely happens, I think we even do this with a lot of 30-year

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mortgages, is the government is subsidizing or providing protections to the banks that are

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lending them out such that more people can have access to these long-term mortgages.

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So especially as a Bitcoiner, I mean, we know a lot of Bitcoiners who take out loans against

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their Bitcoin in order to get access to fiat without selling their Bitcoin. And because maybe

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the loan terms are like 10% a year, they expect Bitcoin's price to rise faster than that.

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And so in many ways, this is a boon to consumers and a problem for banks.

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I think that Simple Stacker's point is like, if you want to be upset about this change,

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be upset that it's likely a taxpayer who ends up paying for these mortgages because they don't

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make economic sense and it's a good point but uh yeah he's basically he's basically said he would

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take a 50 if they offered a 50-year mortgage he would take one because he knows he can

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especially at a good interest rate because he knows he could apply that

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you could deploy that money better um and earn more i feel like we talk about this like every

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three or four months i feel like this is like a continuous stacker news top story or stacker news

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live top story every few or i feel like it's always it's about it per quarter i would say

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usually when rates go down or rates go up you get one of these posts like what do y'all think about

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mortgages um oh like it's like a it's like a pulse test for the for the stackers on the on the site

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um i'm gonna say the same thing i said last time it's like everybody's different every

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everybody's situation's different i don't think it's the same thing as i think the united states

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is probably its own little separate um thing going on here when it comes to mortgages and

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all these different types of options and vehicles that they have for for this stuff i would imagine

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if you go to a different country you probably get um better deals i don't know i feel like that's

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that's probably true what do you think no i'm not i'm not so sure that's the case i think i think a

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little layout of a lot of these financial services are the same regardless of the country you go to

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the extent that they're different they're different as a result of either regulation or

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subsidy but the market tends to converge uh and we have like you know global information networks

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so if there's anything best practice that's done in one country it's likely applies in another unless

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the government is what if you were like in paraguay or something and you bought land and then you got

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local workers to build your your thing like and you already had that money saved wouldn't you save

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more money that way or no um no well if you have to sell bitcoin the point is like okay so you that

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that house in paraguay paraguay that you're building is like say it's a hundred thousand

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us dollars you have to sell one bitcoin to build that house instead you can get a loan for a hundred

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thousand dollars from a paraguay bank and not have to sell that bitcoin instead pay back an

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inflationary currency um yeah but it really is kind of the way you look at it though kian like

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i mean you're not actually i mean it's not i mean do you i don't want to go down this rabbit hole but

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just to say like like the money doesn't exist in that sense like the dollars don't actually exist

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because they're just printing the dollars and it's like the time right it's like they're just

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taking away they're just taking i mean we all know it's the game right but like um you're trading

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your your store value your your bitcoin for the um uh for the house at the end of the day right

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if like if you're a bitcoiner and you're in your you're buying a house at a hundred thousand dollars

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in paraguay to build your citadel or whatever you're effectively trading all that time energy

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and money that you put into holding that Bitcoin for that Paraguay house or whatever.

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I'm not saying there's a right or wrong or situation for this.

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I'm just saying that like that's the mental mountain that I'm grappling in my head when

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I'm trying to climb through this kind of thing that we see every quarter.

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It looks like every time we get this question because I hear his point.

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I understand his point.

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I understand it.

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it's just the the mountain that's in my head that it's like i cannot let that go if that makes any

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sense i think a lot of people are like that i don't i personally don't like that i don't like

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the mental burden of having that i don't like having to owe people money um it's not worth it

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for me even if there is some like advantage to say taking out a loan instead of like selling

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assets or whatever but in many ways i just prefer to sell the assets so that i don't have to think

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about this thing this like external thing that's going on i know everything is like taken care of

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so that's that's what i'm saying that's what i always go back to i feel like everybody's

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situation is different you know like everybody has a family or you might not have family or you

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might be single or you are like i feel like everybody's situation is different and they

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look at it effectively differently than everybody else's um certainly true you can't i can't argue

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with that um but i think there are things to say about these mortgages and if people are

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developing opinions on them they should try to develop an opinion that's that reflects the

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economic reality i think is simple stacker's point yeah cool cool stuff man we'll see this uh in

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february stay tuned this will be another post just in a different form um because we'll see it again

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are they lowering rates next month or did they figure did they figure that out

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i haven't been on twitter i don't really know i don't okay i imagine that they're moving rates

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up and down however they want as they usually okay is pal still the guy or is it somebody else

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now um i i don't know but i i haven't heard that it's someone other than pal all right somebody

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comment in the show notes let me know uh the next top story is past transactions that violate

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8BIP444, Redundance

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Data Temporary Soft Fork

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Rules. That's a mouthful.

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Scoresby, November 12th, Bitcoin

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Territory, 18 comments, 10,000 sats

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all forwarded

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to Monodical.

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Yeah.

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Way to go, Scoresby. Who's Monodical?

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Monodical is a space monkey

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who

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hosts on X.

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Wow, that's amazing. Good job,

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scores me got him 10 000 cents yeah cool so what do we got here keon yeah so uh monodical went

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through and looked at past transactions that would that would violate that four four fours

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uh like data reduction and what's bit four four four sorry to cut you off just before is a soft

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fork that is proposed by people in the knots camp so we're still we're are we still at a place where

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we're arguing about core versus not i thought this got fixed lots of people are arguing about it still

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I thought this got fixed when we decided on a central, what were we talking about the week before?

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About the, somebody was working on a consensus engine.

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Yes.

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So that didn't get help.

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The Bitcoin kernel.

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That didn't help move the conversation into other things.

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No, I think it's gotten to the, the filter debate has gotten to the point where the people who I think are pro-filters are now advocating for this temporary data reduction software to Bitcoin.

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So Luke and Bitcoin Mechanic and Chris Guida, the people who are very pro-filter, are now in support, I think even super, are now in support of the software that restricts data usage on Bitcoin.

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To just monetary?

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To just monetary, but not for future transactions for past ones too.

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How would you do that?

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I think the point is to punish.

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I think it might be to punish people.

220
00:16:54,100 --> 00:16:58,460
So what they end up doing is they basically freeze funds for a year

221
00:16:58,460 --> 00:17:03,340
that are UTXOs with certain kinds of transactions.

222
00:17:04,520 --> 00:17:06,500
Freeze funds? How do you freeze funds?

223
00:17:06,800 --> 00:17:07,860
You make them unspendable.

224
00:17:08,660 --> 00:17:09,700
Which funds are they freezing?

225
00:17:10,780 --> 00:17:12,260
That's what this post goes into.

226
00:17:12,260 --> 00:17:18,380
all of the transaction types that they end up describing in this BIF

227
00:17:18,380 --> 00:17:21,520
that they want to prevent from being spendable,

228
00:17:22,720 --> 00:17:25,340
Monautical went through all the past transactions

229
00:17:25,340 --> 00:17:29,660
and found transactions that would become unspendable

230
00:17:29,660 --> 00:17:33,600
under this soft fork proposal's conditions.

231
00:17:34,380 --> 00:17:36,220
And it ends up being, I think,

232
00:17:36,220 --> 00:17:40,880
over 100 million transactions would be unspendable.

233
00:17:42,260 --> 00:17:44,800
or would have an output that is unspendable in them.

234
00:17:48,780 --> 00:17:49,180
Yeah.

235
00:17:49,780 --> 00:17:52,420
This is just in time for conference season next year.

236
00:17:52,760 --> 00:17:54,680
Hopefully this will get really spicy,

237
00:17:54,680 --> 00:17:56,300
and then by the time we get to February or March,

238
00:17:56,320 --> 00:17:57,980
this will be just in time for conference season.

239
00:17:58,260 --> 00:18:01,020
And then all the conference organizers can cash in on this.

240
00:18:01,080 --> 00:18:01,720
This should be good.

241
00:18:02,980 --> 00:18:03,720
Cheers to that.

242
00:18:06,900 --> 00:18:09,640
Well, I guess.

243
00:18:09,820 --> 00:18:10,900
I mean, think about all the money.

244
00:18:10,900 --> 00:18:16,860
think of all the money that's going to be made from this why would there be money made from that

245
00:18:16,860 --> 00:18:23,780
controversy kian sells i don't know i think this is like oh here goes tofer here we go

246
00:18:23,780 --> 00:18:29,700
here we go hang on let me uh let me get tofer in here this is mostly killing every bitcoiner's boner

247
00:18:29,700 --> 00:18:34,840
it's okay hey i'm just trying to make a joke but apparently it didn't land well

248
00:18:34,840 --> 00:18:41,320
are you gonna run bet four four or oh wait our thing is blurry now dang it

249
00:18:41,320 --> 00:18:46,140
i think that threw this off okay thank you

250
00:18:46,140 --> 00:18:54,080
or uh oh no what were they calling it like bitcoin cash jubilee yeah i call it bitcoin karen but

251
00:18:54,080 --> 00:18:59,540
okay all right tofer what do you got on this apparently to move this are you no no it just

252
00:18:59,540 --> 00:19:05,440
threw off the focus though just right there just put it right there okay it's still threw off the

253
00:19:05,440 --> 00:19:10,680
focus i think i can move it out of frame yeah just move out of frame it throws off the focus

254
00:19:10,680 --> 00:19:16,680
so what do you think about this because kian just said that they're trying to freeze this can't be

255
00:19:16,680 --> 00:19:23,960
right i mean this can't be right they're not trying to freeze stuff are they really they're

256
00:19:23,960 --> 00:19:29,380
trying to freeze my coins bro they're they're freezing my real bitcoin user so they're not

257
00:19:29,380 --> 00:19:33,800
freezing real bitcoin users funds that's basically what they said so they're gonna freeze my coins

258
00:19:33,800 --> 00:19:40,460
that sounds like fake news man are you sure this is not the bugle that we're listening to here

259
00:19:40,460 --> 00:19:47,360
yeah yeah it seems like satire but i believe it is legitimate this is what this is what they are

260
00:19:47,360 --> 00:19:56,420
advocating for this sounds like uh yeah this sounds like bugle news complete false yeah stuff

261
00:19:56,420 --> 00:20:02,500
become sort of a parody of themselves i think it can't be real it's real dude so can you explain it

262
00:20:02,500 --> 00:20:11,620
tougher just real quick what's going on um i don't really follow this uh because i'm just

263
00:20:11,620 --> 00:20:21,300
checked out of all of the drama but uh i think luke wants to fork bitcoin so that he can add

264
00:20:21,300 --> 00:20:27,300
restrictions, consensus level restrictions to Bitcoin script and just disable a bunch

265
00:20:27,300 --> 00:20:33,300
of stuff. And one of the things that he wanted to say to disable, I think, was like the depth

266
00:20:33,300 --> 00:20:43,300
at which you could spend from a taproot tree. And I think when he made that declaration

267
00:20:43,300 --> 00:20:48,800
that he didn't do that, he couldn't think of, he didn't think that there was any actual

268
00:20:48,800 --> 00:20:54,400
use cases of practice of people that actually had valid bitcoin scripts that were spending from that

269
00:20:54,400 --> 00:20:59,040
debt yeah and then independent people went out and like oh no well there's this transaction

270
00:20:59,040 --> 00:21:05,920
there's this transaction there's this transaction yes and so instead of being like oh well i know he

271
00:21:05,920 --> 00:21:09,1000
had a couple responses to that i saw some where he's just doubling down and saying people are using

272
00:21:09,1000 --> 00:21:15,520
bitcoin wrong yeah uh i saw another one where it's like well this is the reason why like we have like

273
00:21:15,520 --> 00:21:21,200
a review process and why this is still like an active development so if you're not involved

274
00:21:21,920 --> 00:21:27,120
in that process which is happening over on the knots github i guess so if you're not there

275
00:21:27,120 --> 00:21:33,920
actively involved in the process uh then it's also your fault so it basically like boils down

276
00:21:33,920 --> 00:21:42,160
to it's your fault if your bitcoin gets confiscated i love bitcoiners i think the other i love us so

277
00:21:42,160 --> 00:21:47,740
much the other defense against these rules being kind of loose and freezing a bunch of funds is

278
00:21:47,740 --> 00:21:52,500
like well they're only they're only frozen for a year the whole point this is a temporary software

279
00:21:52,500 --> 00:21:58,160
we're only freezing for a year in preparation or doing a real a real freeze in the future once

280
00:21:58,160 --> 00:22:03,680
we've like the year period is so that people who get their or their funds frozen can be like hey

281
00:22:03,680 --> 00:22:09,340
luke please unfreeze my funds and then and they're real soft work in the future and like that's the

282
00:22:09,340 --> 00:22:16,120
The whole point is just to give them a grace period before and give them a chance to court the king.

283
00:22:17,460 --> 00:22:19,280
Hey, don't freeze my funds.

284
00:22:21,020 --> 00:22:21,580
Wait, so.

285
00:22:21,760 --> 00:22:22,640
You better ask Luke.

286
00:22:22,640 --> 00:22:27,640
So does this mean that we're getting a dividend or what's going on here?

287
00:22:28,460 --> 00:22:30,280
What exchanges are on board with this?

288
00:22:30,380 --> 00:22:31,200
That's what I want to know.

289
00:22:31,340 --> 00:22:31,940
We might get it.

290
00:22:31,940 --> 00:22:32,960
I want to move to the dividend.

291
00:22:34,100 --> 00:22:35,700
What exchanges are on board yet?

292
00:22:35,940 --> 00:22:36,440
I don't know.

293
00:22:37,060 --> 00:22:38,220
So we're not there yet.

294
00:22:39,340 --> 00:22:41,600
So no exchanges are on board that we know of yet.

295
00:22:41,600 --> 00:22:42,520
It's unlikely that.

296
00:22:42,540 --> 00:22:42,800
Okay.

297
00:22:43,700 --> 00:22:48,660
Unless we have a Roger Veritype character who is like really

298
00:22:48,660 --> 00:22:50,280
selling, really exchanging.

299
00:22:50,280 --> 00:22:51,240
We're getting close.

300
00:22:51,700 --> 00:22:55,320
I would just say stackers that are listening at home, pay attention.

301
00:22:55,620 --> 00:22:58,740
Once we get some exchanges to fall in line with this thinking too,

302
00:22:58,860 --> 00:23:00,380
then we got a dividend coming.

303
00:23:01,300 --> 00:23:03,120
This is so reminiscent of 2017.

304
00:23:03,540 --> 00:23:04,120
This is awesome.

305
00:23:04,740 --> 00:23:08,380
Have you talked about how there's like futures contracts?

306
00:23:08,380 --> 00:23:10,060
Is that what they're saying?

307
00:23:10,200 --> 00:23:10,980
Is that what they're saying?

308
00:23:11,180 --> 00:23:11,420
Well, yeah.

309
00:23:11,500 --> 00:23:13,040
Rob created a futures contract.

310
00:23:14,820 --> 00:23:15,720
Which Rob?

311
00:23:15,820 --> 00:23:16,200
Which Rob?

312
00:23:16,300 --> 00:23:17,160
Anchor watch Rob.

313
00:23:17,260 --> 00:23:17,740
Oh, wow.

314
00:23:19,040 --> 00:23:19,300
Yeah.

315
00:23:19,440 --> 00:23:27,260
So there's a clever way that you can actually detect whether the software goes through or not in Bitcoin script.

316
00:23:27,900 --> 00:23:31,780
So like you can create a Bitcoin transaction that's basically a futures contract.

317
00:23:32,660 --> 00:23:34,120
That says, well, you know.

318
00:23:34,500 --> 00:23:35,460
If I'm on this chain.

319
00:23:35,460 --> 00:23:36,120
It's a bet.

320
00:23:36,120 --> 00:23:38,900
I'm going to lock up this Bitcoin

321
00:23:38,900 --> 00:23:40,200
you lock up some Bitcoin

322
00:23:40,200 --> 00:23:42,880
and if the software goes through

323
00:23:42,880 --> 00:23:44,840
you win the bet, it fails to go through

324
00:23:44,840 --> 00:23:47,080
so it's like putting your money

325
00:23:47,080 --> 00:23:47,980
where your mouth is

326
00:23:47,980 --> 00:23:50,580
but no one's taken the bet so far as far as I understand

327
00:23:50,580 --> 00:23:52,060
I don't think so

328
00:23:52,060 --> 00:23:54,860
I think he's just going to get

329
00:23:54,860 --> 00:23:57,260
I feel like

330
00:23:57,260 --> 00:23:59,060
he's just falling into

331
00:23:59,060 --> 00:24:00,820
an eternal

332
00:24:00,820 --> 00:24:01,920
just like

333
00:24:01,920 --> 00:24:04,180
a one up basically

334
00:24:04,180 --> 00:24:05,380
where

335
00:24:06,120 --> 00:24:11,360
and i don't know but it almost luke it almost feels like he's just getting played to a point

336
00:24:11,360 --> 00:24:16,840
where they're just like oh i dare you oh i dare you i dare you and then it's like eventually he's

337
00:24:16,840 --> 00:24:21,940
gonna hard fork right like it almost feels kind of like that like where like i don't think he

338
00:24:21,940 --> 00:24:27,720
recognizes or maybe somebody's not in his corner telling him like hey man like i think they're just

339
00:24:27,720 --> 00:24:38,420
egging you on who is it is well ocean right like ocean doesn't have yeah but everyone who

340
00:24:38,420 --> 00:24:43,040
everybody around it i would imagine yeah everyone around it's advisors and handlers i would think

341
00:24:43,040 --> 00:24:52,200
does and on it i think super is also pro the fork yeah that's it's true it's true we love you super

342
00:24:52,200 --> 00:24:57,620
those are the people that i'm familiar with but i don't know i don't know what is motivating luke

343
00:24:57,620 --> 00:25:14,880
Luke the biggest concern the most concerning thing that I saw was when he started saying that he has to save Bitcoin every few years which is just speaks of someone who struggling to think clearly Because otherwise when i hear luke when i hear heard luke speak about bitcoin seemed it didn seem nonsensical

344
00:25:14,880 --> 00:25:19,520
to me um it seemed like he had a clear idea of what bitcoin was but when he starts thinking that

345
00:25:19,520 --> 00:25:26,080
he is like saving bitcoin interesting now i begin wondering how sloppy his his reason the mind is

346
00:25:26,080 --> 00:25:31,360
the mountain key on the mind yeah yeah but you juggle the mountain sometimes sometimes you got

347
00:25:31,360 --> 00:25:37,780
got to juggle the mountain so we were having a conversation yesterday about um what was the

348
00:25:37,780 --> 00:25:45,580
what was the term uh oh yeah yeah i feel like this is like there's some form of mania feeling

349
00:25:45,580 --> 00:25:51,740
that started with the opportune drama and it's just never let up it's only being more

350
00:25:51,740 --> 00:26:00,940
and uh this is just a part of it yeah there's a whole cp angle and vetting viruses on blockchain

351
00:26:00,940 --> 00:26:05,180
and all this other stuff i guess all that stuff went away though people stopped talking about

352
00:26:05,740 --> 00:26:11,900
oh it's still going the c sam's stuff oh is it well i don't think any of the big and big non-influencers

353
00:26:11,900 --> 00:26:17,260
are saying anything about it anymore it's like they all got like a memo it's like i don't know

354
00:26:17,260 --> 00:26:22,220
whatever like discord they're on or whatever they're like hey this is not good a good look

355
00:26:22,220 --> 00:26:29,420
let's stop talking about it it seemed like it disappeared from their feeds anyway yeah maybe

356
00:26:32,940 --> 00:26:38,460
oh okay man i can't this is amazing um i had no idea none of any of this was going on

357
00:26:39,260 --> 00:26:43,980
this is amazing yeah i'm just like i'm just so proud of bitcoiners and

358
00:26:43,980 --> 00:26:45,600
and their perseverance,

359
00:26:45,980 --> 00:26:49,060
and they really are going after what they really believe in.

360
00:26:49,100 --> 00:26:50,320
I truly believe that, right?

361
00:26:50,400 --> 00:26:53,620
I think we all agree that Luke is going after what he believes in, right?

362
00:26:53,820 --> 00:26:54,680
I'm not so sure.

363
00:26:54,820 --> 00:26:55,600
So the other side—

364
00:26:55,600 --> 00:26:57,660
I mean, he's getting—he's obviously, at least to me,

365
00:26:57,820 --> 00:27:00,520
I think that he's getting egged on,

366
00:27:00,960 --> 00:27:03,320
but meaning that he's getting like,

367
00:27:04,320 --> 00:27:05,260
hey, I dare you to do this.

368
00:27:05,400 --> 00:27:07,020
I feel like that's happening to him,

369
00:27:07,020 --> 00:27:09,600
but I do believe he actually believes what he's doing.

370
00:27:10,620 --> 00:27:10,940
So—

371
00:27:10,940 --> 00:27:11,940
He's actually saying that.

372
00:27:12,320 --> 00:27:13,780
No, I believe him when he says that.

373
00:27:13,780 --> 00:27:14,560
Like, I believe him.

374
00:27:14,680 --> 00:27:15,160
I believe him.

375
00:27:15,360 --> 00:27:15,860
Somebody might.

376
00:27:16,160 --> 00:27:17,420
But the other side of this.

377
00:27:17,460 --> 00:27:19,400
Or, yeah, it could be true, right?

378
00:27:19,420 --> 00:27:20,700
He could actually be doing that.

379
00:27:20,940 --> 00:27:21,440
We don't know.

380
00:27:21,900 --> 00:27:23,240
But in his mind, he knows.

381
00:27:25,740 --> 00:27:27,040
The mind is a mountain camp.

382
00:27:28,240 --> 00:27:28,700
Trick-a-ting.

383
00:27:31,640 --> 00:27:34,420
I'm afraid to start talking because it's a prompt for a car to start talking.

384
00:27:34,420 --> 00:27:35,040
Yeah, I know.

385
00:27:35,120 --> 00:27:35,420
I'm sorry.

386
00:27:35,540 --> 00:27:36,280
I'll stop talking.

387
00:27:36,680 --> 00:27:38,040
I just find it fascinating.

388
00:27:38,320 --> 00:27:39,140
This is so cool.

389
00:27:39,140 --> 00:27:40,440
What is the alternate angle?

390
00:27:40,440 --> 00:27:46,680
The alternate angle on this is this is like a marketing campaign for Knott's and Ocean.

391
00:27:47,140 --> 00:27:52,140
And all of the stakes keep rising.

392
00:27:52,320 --> 00:27:53,080
I didn't catch that.

393
00:27:53,600 --> 00:27:55,120
They need a new controversy.

394
00:27:55,900 --> 00:27:57,980
They just need to stay in the conversation.

395
00:27:58,300 --> 00:27:59,620
I usually come up with those.

396
00:27:59,620 --> 00:28:03,640
Think about how durable this is going to be in the market's memory.

397
00:28:05,400 --> 00:28:09,700
Ocean is part of each of these articles that's talking about this controversy.

398
00:28:10,440 --> 00:28:11,680
It's great marketing.

399
00:28:12,760 --> 00:28:14,860
They're like manufacturing beefs.

400
00:28:15,240 --> 00:28:16,920
And that's why I think no one has taken Robba.

401
00:28:17,980 --> 00:28:18,500
Yeah.

402
00:28:18,920 --> 00:28:19,840
Oh, wow.

403
00:28:20,080 --> 00:28:23,600
Yeah, Dan, Keon, that actually is...

404
00:28:24,620 --> 00:28:26,040
Damn, that's so right.

405
00:28:27,460 --> 00:28:28,900
Because who really cares about it?

406
00:28:28,900 --> 00:28:30,580
Like, the industry as a whole.

407
00:28:31,420 --> 00:28:32,300
Why would he...

408
00:28:32,300 --> 00:28:35,060
But everybody knows Ocean now.

409
00:28:36,380 --> 00:28:37,660
Yeah, and Knott's.

410
00:28:37,940 --> 00:28:38,440
And, like, they're...

411
00:28:38,440 --> 00:28:39,560
People are making names for themselves.

412
00:28:39,600 --> 00:28:39,960
Exactly.

413
00:28:39,960 --> 00:28:44,040
they're gaining influence and i don't think it i don't think they're destroying the reputations

414
00:28:44,040 --> 00:28:50,840
that we have a short memory like that we have like like a four-year memory like oh yeah that

415
00:28:50,840 --> 00:28:55,240
guy was known for some bullshit but by then a bunch of new bullshit people have come up and we forget

416
00:28:55,240 --> 00:29:00,160
and then they're and now they have um now they have something else they're selling and they're

417
00:29:00,160 --> 00:29:03,700
like wow they have like three thousand three hundred thousand followers they must be really

418
00:29:03,700 --> 00:29:12,500
important or whatever and we just forget that they were dang they were uh kind of buttholes at one

419
00:29:12,500 --> 00:29:22,580
point yeah so gosh it is a short memory yeah like you might be on something who remembers uh i mean

420
00:29:22,580 --> 00:29:29,620
i i still have some vivid memories and things that mechanics said because yeah all things

421
00:29:29,620 --> 00:29:36,160
but yeah like people are getting it just it's a bad look for everybody it's like if you get sucked

422
00:29:36,160 --> 00:29:41,780
into this quite a lot yeah i feel bad for this tripping over your own word even even if you're

423
00:29:41,780 --> 00:29:46,560
like a smart person yeah they're tripping over your word to get go to bad positions that you

424
00:29:46,560 --> 00:29:52,440
then have to defend yeah everybody's looking to poster like quote quote poster everybody else

425
00:29:52,440 --> 00:29:58,240
clip them and put them online and then yeah and then at the end of the day it's like you get all

426
00:29:58,240 --> 00:30:02,920
these followers that are like sucked into this controversy and and they have short attention

427
00:30:02,920 --> 00:30:08,700
spans they're going to look favorably on the people that they're rallying behind so if they're

428
00:30:08,700 --> 00:30:15,400
people have like a bad say something bad don't forget about it yeah yeah so it's just i know

429
00:30:15,400 --> 00:30:21,340
it's just like it never ends this thing this thing keeps going what is going to finally cause this

430
00:30:21,340 --> 00:30:26,320
i think this fork them actually forking is when it when it's over if they actually do it i don't

431
00:30:26,320 --> 00:30:30,980
think there is there's not many you eventually run out of like escalations like if you it's like a

432
00:30:30,980 --> 00:30:36,040
it's like an avengers movie eventually you start eventually everyone's immortal and you can time

433
00:30:36,040 --> 00:30:42,440
travel like that's the only place that's the only place you have to go is like where

434
00:30:42,440 --> 00:30:53,200
that's so good yeah thank you man keon you won this one okay i think i think you yeah yeah i

435
00:30:53,200 --> 00:30:57,260
think you're right on this one god i'm not sure i'm right but it is it feels right it is the

436
00:30:57,260 --> 00:31:01,380
possibility that i consider the most i never thought about that possibility with just being

437
00:31:01,380 --> 00:31:09,300
a really good marketing campaign yeah i i mean i mean imagine you're running a nascent my bitcoin

438
00:31:09,300 --> 00:31:16,320
mining pool and and allegedly the ceo and founder is paying themselves three quarters of a million

439
00:31:16,320 --> 00:31:21,360
dollars a year and you know you have a lot of money to recoup what are you you're going to start

440
00:31:21,360 --> 00:31:28,700
doing desperate things to get get your uh mining pool some more fees um get get some more people

441
00:31:28,700 --> 00:31:33,960
mining with you create a crusade join the crusade mine with us you'll be on the right side of the

442
00:31:33,960 --> 00:31:43,340
crusade that's a good i mean incentives yeah blow everything around me okay cool let's jump into the

443
00:31:43,340 --> 00:31:49,940
next the number one top story of the week is i executed my roaster my roast of my most recent

444
00:31:49,940 --> 00:31:51,600
a Bitcoin trade at a coffee shop register.

445
00:31:51,760 --> 00:31:53,560
This is from Scoresby.

446
00:31:53,640 --> 00:31:55,580
20 comments, 5,240 cents.

447
00:31:55,740 --> 00:31:57,300
Keon, what's this?

448
00:31:57,660 --> 00:32:00,100
Yeah, so Scoresby went and used the Square Terminal,

449
00:32:00,200 --> 00:32:02,680
I think, at Medici's in Austin.

450
00:32:02,680 --> 00:32:04,240
They're one of a few, I think,

451
00:32:05,160 --> 00:32:07,420
are popular ones that have enabled this so far.

452
00:32:07,540 --> 00:32:09,560
Have you guys used Square's Terminal yet?

453
00:32:09,580 --> 00:32:10,400
I haven't done it.

454
00:32:11,020 --> 00:32:11,900
I need to look at that.

455
00:32:12,500 --> 00:32:12,760
Yeah.

456
00:32:12,860 --> 00:32:13,460
If I don't want to,

457
00:32:13,580 --> 00:32:15,020
because I want to see where

458
00:32:15,020 --> 00:32:17,340
somebody has a Square Terminal,

459
00:32:17,440 --> 00:32:19,080
but they don't have Bitcoin set up.

460
00:32:19,080 --> 00:32:29,640
um versus one that already has it set up but i know that for them yeah so some of my list of

461
00:32:31,960 --> 00:32:35,640
yeah i think parker went there with parker lewis went there with

462
00:32:35,640 --> 00:32:43,640
senator loomis the other day i think that's how i i knew that they were yeah you know we had a big

463
00:32:43,640 --> 00:32:52,600
dog and big wig um the coffee shop it's like all of a sudden all these like crazy libertarian people

464
00:32:52,600 --> 00:32:58,360
start showing up to buy your coffee yeah i mean but we are not we are in austin

465
00:33:05,400 --> 00:33:08,680
their hair isn't blue they're wearing a polo

466
00:33:08,680 --> 00:33:16,600
but senator loomis is like you cannot you cannot detect senator loomis outside of her like like

467
00:33:16,600 --> 00:33:26,020
her little uh like female suits like her senator suits i could i saw yeah it's like a little suit

468
00:33:26,020 --> 00:33:32,100
rather than a big suit like a man's suit that's what you wanted to say i saw her in bitcoin i saw

469
00:33:32,100 --> 00:33:37,860
her at a coffee shop in at bitcoin 2021 she was like behind me in line but i didn't recognize her

470
00:33:37,860 --> 00:33:40,040
until I saw her on stage later.

471
00:33:40,080 --> 00:33:41,100
I'm like, oh shit, she was right.

472
00:33:41,740 --> 00:33:43,240
And I'd seen pictures of her and stuff,

473
00:33:43,340 --> 00:33:46,280
but she doesn't, you know, you just don't register.

474
00:33:47,020 --> 00:33:47,280
Yeah.

475
00:33:47,480 --> 00:33:49,560
You have like a, in your memory.

476
00:33:49,560 --> 00:33:51,780
I want to say that I would register.

477
00:33:51,900 --> 00:33:52,040
Really?

478
00:33:52,320 --> 00:33:53,860
Yeah, because I think I've seen her face enough.

479
00:33:54,520 --> 00:33:56,580
Even on, but I feel like a face on a screen

480
00:33:56,580 --> 00:33:59,860
is way different than a face in person, at least for me.

481
00:34:00,140 --> 00:34:01,240
Yeah, so maybe I would.

482
00:34:01,360 --> 00:34:02,500
My mapping is poor.

483
00:34:03,080 --> 00:34:06,680
Like, I'm pretty sure I've seen Tim Ferriss in person

484
00:34:06,680 --> 00:34:12,120
and austin here but i did not recognize him because i only know it's tim ferris on screen

485
00:34:16,840 --> 00:34:22,760
yeah like oh it kind of something vaguely reminds me of yeah i think that's what you get with loomis

486
00:34:22,760 --> 00:34:28,760
but maybe not i don't know um but anyway it's live and you can go uh i wonder i haven't looked

487
00:34:28,760 --> 00:34:34,200
at the map yet i haven't even downloaded is it in the cash app app do you guys i know you guys are

488
00:34:34,200 --> 00:34:42,440
to find the places that you can go yeah we have our

489
00:34:42,440 --> 00:34:58,380
we have a cash app specialist over here okay

490
00:34:58,380 --> 00:35:10,020
our cash app specialist is uh on sick leave so cannot report back um but apparently yeah so they

491
00:35:10,020 --> 00:35:17,500
launched the ability to turn any square terminal into a bitcoin accepted point of sale um and then

492
00:35:17,500 --> 00:35:23,460
they had then they also launched the ability for these bitcoin merchants to advertise themselves on

493
00:35:23,460 --> 00:35:29,600
a btcmap.org type thing, but it's much nicer because Square already has a network effect.

494
00:35:29,600 --> 00:35:34,500
And so they can just put a bunch of pins on a map from all these merchants.

495
00:35:35,260 --> 00:35:40,720
I think they also have the ability for you to send from Cash App user to Cash App user

496
00:35:40,720 --> 00:35:49,460
sending fiat, not even sending Bitcoin, but sending fiat over Bitcoin rails,

497
00:35:49,860 --> 00:35:52,000
or I think in some cases, stablecoin rails.

498
00:35:52,000 --> 00:35:57,900
there's a bunch of yeah square terminal or just cash out the cash out i think it's

499
00:35:57,900 --> 00:36:06,560
the square and cash up are the same entity right so the terminal is like a different experience

500
00:36:06,560 --> 00:36:14,920
but they're like in control of both so i think i think you can you can send you can send them

501
00:36:14,920 --> 00:36:20,340
like if you're if you if if they present you a qr code that's like pay the square merchant

502
00:36:20,340 --> 00:36:22,460
and it's denominated in fiat,

503
00:36:22,620 --> 00:36:23,440
you can send them Bitcoin

504
00:36:23,440 --> 00:36:25,260
or you can send them fiat.

505
00:36:25,900 --> 00:36:28,140
I think if you send them fiat from your cash app,

506
00:36:29,720 --> 00:36:32,540
I think in some cases they use Bitcoin rails for that.

507
00:36:33,400 --> 00:36:36,540
And in other cases, I think they use stable coin rails.

508
00:36:38,360 --> 00:36:40,860
Yeah, so that's like the other thing to this

509
00:36:40,860 --> 00:36:43,860
is that they didn't just activate the use of Bitcoin

510
00:36:43,860 --> 00:36:45,280
on square terminals,

511
00:36:45,540 --> 00:36:47,740
but the use of stable coins.

512
00:36:47,860 --> 00:36:49,260
Stable coins, yeah.

513
00:36:50,100 --> 00:36:52,220
Reduce fee, fiat stuff.

514
00:36:52,840 --> 00:36:54,380
And apparently they're using Solana.

515
00:36:56,600 --> 00:36:59,540
Which is a popular way to do this, apparently.

516
00:37:00,700 --> 00:37:03,480
But I'm excited about the merchant map.

517
00:37:03,620 --> 00:37:04,360
I'm excited about Bitcoin.

518
00:37:04,660 --> 00:37:07,600
Scoresby writes in here, like, the big deal here is that

519
00:37:07,600 --> 00:37:11,100
if we can get places where we can spend Bitcoin,

520
00:37:11,860 --> 00:37:14,460
then the, like, banking regime,

521
00:37:14,760 --> 00:37:16,420
the, like, surveillance banking regime,

522
00:37:16,560 --> 00:37:18,840
the government's control of people through,

523
00:37:19,260 --> 00:37:26,380
uh banking um weakens because now we don't have now we don't have to go to on and off ramps we

524
00:37:26,380 --> 00:37:31,660
don't have to convert our bitcoin to fiat in order to live or convert our fiat and bitcoin in order

525
00:37:31,660 --> 00:37:36,700
to live because we can we can exchange it directly with other people who are accepting bitcoin um

526
00:37:37,340 --> 00:37:44,220
and i think that's i think so this is a huge i think a huge step in the right direction um yeah

527
00:37:44,220 --> 00:37:54,620
yeah i'm really stoked about this i feel like wallets need to catch up now that uh squares just

528
00:37:54,620 --> 00:38:00,620
like drop the bomb boom now you have all these merchants that can potentially accept bitcoin

529
00:38:01,580 --> 00:38:06,860
uh but are there users out there with bitcoin wallets that have bitcoin spend

530
00:38:07,740 --> 00:38:13,820
that aren't yeah just other cash app users yeah well cash app they like bury the bitcoin features

531
00:38:13,820 --> 00:38:14,740
They do.

532
00:38:15,180 --> 00:38:15,380
Yeah.

533
00:38:15,820 --> 00:38:19,380
Even the point of sale, from what I understand, is like at the bottom of some menu.

534
00:38:20,120 --> 00:38:21,620
To activate it or use it?

535
00:38:21,740 --> 00:38:23,720
I think it's like, Nick was showing us.

536
00:38:23,780 --> 00:38:26,480
Were you there when he was showing us on the Bitcoin Park terminal?

537
00:38:27,180 --> 00:38:27,540
No.

538
00:38:27,820 --> 00:38:34,400
So when I first used this, I used like a demo version of this at the Bitcoin Conference in Vegas.

539
00:38:35,120 --> 00:38:37,620
They kind of had a preview of how this would work.

540
00:38:39,160 --> 00:38:41,300
And it was seamless for me.

541
00:38:41,380 --> 00:38:42,780
I mean, it showed me a lightning invoice.

542
00:38:42,780 --> 00:38:43,500
I scanned it.

543
00:38:43,500 --> 00:38:45,120
I think once you enable it, it's okay.

544
00:38:45,220 --> 00:38:47,260
But I think getting to the point where you do enable it,

545
00:38:47,620 --> 00:38:48,660
it's kind of buried.

546
00:38:48,860 --> 00:38:49,140
Cheers.

547
00:38:49,460 --> 00:38:50,420
You want to talk?

548
00:38:52,380 --> 00:38:54,220
Whoever's that first Bitcoin customer

549
00:38:54,220 --> 00:38:56,180
also needs to be able to do the tech support.

550
00:38:56,560 --> 00:38:56,760
Yeah.

551
00:38:57,800 --> 00:39:00,900
I've heard a friend of mine calls them Bitcoin Mormons.

552
00:39:03,960 --> 00:39:07,900
I have a single little joke to add

553
00:39:07,900 --> 00:39:09,840
to what you were saying, Topher.

554
00:39:09,840 --> 00:39:11,360
you say

555
00:39:11,360 --> 00:39:14,640
wallets need to catch up

556
00:39:14,640 --> 00:39:17,200
and I say wallets need mustard

557
00:39:17,200 --> 00:39:21,680
that's a dad joke

558
00:39:27,680 --> 00:39:28,320
cool

559
00:39:28,320 --> 00:39:29,500
well

560
00:39:29,500 --> 00:39:30,780
our minds

561
00:39:30,780 --> 00:39:33,060
are going to have to recover from

562
00:39:33,060 --> 00:39:34,940
that

563
00:39:34,940 --> 00:39:36,560
happened

564
00:39:36,560 --> 00:39:39,680
they are bland

565
00:39:39,680 --> 00:39:47,980
all right that's all the top stories this week on stagger news live we're gonna jump into

566
00:39:47,980 --> 00:39:55,180
wumbles we go wumbles picks it's up to you you're the producer uh let's let's go into let's go into

567
00:39:55,180 --> 00:40:02,580
kiont's post real quick because okay they're all also bitcoin stuff uh yeah what is this sailor

568
00:40:02,580 --> 00:40:08,520
versus channels yeah i guess this guy started short in uh micro strategy it was made the rounds a few

569
00:40:08,520 --> 00:40:13,040
months ago and everyone was like what is he thinking oh he's gonna get wrecked he's gonna

570
00:40:13,040 --> 00:40:20,240
because i think uh you know like these these stocks have m nav which is like the um the asset

571
00:40:20,240 --> 00:40:28,640
value relative to the company value or whatever and uh sailor's micro strategy was super overpriced

572
00:40:28,640 --> 00:40:32,640
and so this guy's like that's going to collapse like that premium on the bitcoin that they hold

573
00:40:32,640 --> 00:40:39,120
is going to collapse. And so he shorted it, which we've described short selling before,

574
00:40:39,360 --> 00:40:44,640
so I don't want to do it again. But he shorted it and he made money basically because Saylor's

575
00:40:44,640 --> 00:40:50,500
stock is now, I think it's trading below the Bitcoin value on their balance sheet currently.

576
00:40:51,600 --> 00:40:59,600
Yeah. Now that Bitcoin's price is down a lot. So he basically made money betting against Saylor,

577
00:40:59,600 --> 00:41:03,660
which is just kind of, I thought it was kind of fun.

578
00:41:04,900 --> 00:41:04,960
Interesting.

579
00:41:07,140 --> 00:41:08,400
He cashed out already.

580
00:41:08,700 --> 00:41:08,880
Yeah.

581
00:41:09,020 --> 00:41:11,440
So I think when you short, what you do is you buy,

582
00:41:11,980 --> 00:41:15,800
you buy or you borrow a stock from someone else

583
00:41:15,800 --> 00:41:17,420
and you sell it for cash.

584
00:41:17,860 --> 00:41:21,060
And then you promise in the future to give them the stock back.

585
00:41:21,120 --> 00:41:22,280
So you have to buy it in the future.

586
00:41:22,460 --> 00:41:24,060
So if the price is down, you've made money.

587
00:41:24,740 --> 00:41:28,100
So the next one you had was mempool filters

588
00:41:28,100 --> 00:41:34,240
are subsidies to miners who ignore them. Yeah. So this is, Scoresby is going through

589
00:41:34,240 --> 00:41:41,020
Voskul's crypto economics book. And I think he's on like chapter three now.

590
00:41:41,680 --> 00:41:49,860
But Voskul writes about how he thinks that like secondary fee markets, like transaction

591
00:41:49,860 --> 00:41:56,300
accelerators and stuff are not, don't actually harm Bitcoin security. They do like directly,

592
00:41:56,300 --> 00:42:14,720
They do mess with the mining dynamics, but they don't harm the security because it really just means that someone is either accepting a Bitcoin miner is either accepting a underpriced fee or for a transaction to get included in a block or someone is overpaying.

593
00:42:14,820 --> 00:42:17,120
That's what the existence of.

594
00:42:18,080 --> 00:42:20,460
Of these markets usually indicate.

595
00:42:22,640 --> 00:42:24,540
It's a it's like a subtle point.

596
00:42:24,540 --> 00:42:30,480
but I think it's really interesting.

597
00:42:33,060 --> 00:42:36,040
And yeah, I wanted to make sure we covered that.

598
00:42:36,960 --> 00:42:37,140
Cool.

599
00:42:37,540 --> 00:42:40,000
Let's jump into the most spicy topic this week.

600
00:42:41,660 --> 00:42:46,420
Bitcoin lending app Lava quietly shifted its custody model.

601
00:42:47,320 --> 00:42:48,680
This is also from Scoresby.

602
00:42:49,540 --> 00:42:51,320
Keon, I've never heard of Lava.

603
00:42:51,400 --> 00:42:51,880
What is this?

604
00:42:51,880 --> 00:43:09,960
Oh, well, so it's actually not. This is one aspect of this story. But the other aspect of the story is Lava is a Bitcoin wallet that allows you to get fiat loans collateralized by Bitcoin.

605
00:43:11,240 --> 00:43:16,160
And they've existed for a few years now. I think they had like a beta launch maybe over a year ago.

606
00:43:16,160 --> 00:43:24,180
and um they but most recently they raised a bunch of money and had a big marketing push around it

607
00:43:24,180 --> 00:43:28,840
and you know a bunch of bitcoiners reacted to it it caused a bunch of controversy because uh

608
00:43:28,840 --> 00:43:35,140
and then this is one aspect of the controversy um and that aspect being is that they previously

609
00:43:35,140 --> 00:43:41,860
built themselves as a non-custodial service where you you hold one wait you say non-custodial

610
00:43:41,860 --> 00:43:48,660
oh okay yeah non-custodial like kind of like an unchained like an old unchained loan but in this

611
00:43:48,660 --> 00:43:55,640
case they were using dlcs so that dlcs you say yeah they're using with an oracle yes with an

612
00:43:55,640 --> 00:44:00,080
that's what that's what dlcs require is an oracle making sure the stackers at home understand this

613
00:44:00,080 --> 00:44:07,440
yeah so i think the user had one key the dlc and the oracle had another key and then um effectively

614
00:44:07,440 --> 00:44:09,580
And then I think Lava had a key.

615
00:44:09,580 --> 00:44:10,780
Sounds pretty straightforward to me.

616
00:44:11,300 --> 00:44:12,680
I think that's how the loan worked before.

617
00:44:12,840 --> 00:44:17,980
And then they do some kind of atomic swap on to Solana for stable coins to get you your loan.

618
00:44:18,020 --> 00:44:19,020
An atomic swap, you say?

619
00:44:19,660 --> 00:44:20,640
Yes, that's what I said.

620
00:44:21,260 --> 00:44:24,640
And that's how it works originally.

621
00:44:24,980 --> 00:44:28,380
And I guess with this release, I guess they raised like a Series B or something.

622
00:44:29,400 --> 00:44:32,600
They actually switched away from the non-custodial model.

623
00:44:32,760 --> 00:44:33,120
Why?

624
00:44:33,500 --> 00:44:36,620
Without communicating it very well to their current customers.

625
00:44:36,620 --> 00:44:38,080
For why, though?

626
00:44:38,760 --> 00:44:39,320
It was working.

627
00:44:39,600 --> 00:44:39,700
Yeah.

628
00:44:41,540 --> 00:44:43,720
Shazan, the founder and CEO,

629
00:44:43,980 --> 00:44:47,820
claims that it's because DLCs have security vulnerabilities.

630
00:44:48,180 --> 00:44:48,740
Is that true?

631
00:44:49,040 --> 00:44:50,140
Is that true, Topher Scott?

632
00:44:50,220 --> 00:44:52,620
That he is not disclosed.

633
00:44:52,880 --> 00:44:54,540
And I think you have a take on this.

634
00:44:54,540 --> 00:44:55,540
Is that true, Topher Scott?

635
00:44:56,180 --> 00:44:56,620
Carr is...

636
00:44:57,140 --> 00:44:58,660
Are there security vulnerabilities in DLCs?

637
00:44:59,220 --> 00:44:59,540
Yeah.

638
00:45:01,160 --> 00:45:04,140
I know Carr said that you had thoughts on this or something.

639
00:45:04,140 --> 00:45:15,660
uh uh well i asked uh if there are vulnerabilities in dlcs is he planning on disclosing them

640
00:45:16,380 --> 00:45:22,220
is he planning on filing cve what's a cve for people at home who don't understand that tofer

641
00:45:22,220 --> 00:45:26,540
why is that important it's basically you can officially file that this is this is a known

642
00:45:26,540 --> 00:45:33,260
exploit and so why would you do that for tofer um so that other people in the industry can track it

643
00:45:33,260 --> 00:45:33,660
Oh.

644
00:45:34,660 --> 00:45:36,220
Like, this is the exploit.

645
00:45:36,480 --> 00:45:38,080
This is when it was first noticed.

646
00:45:38,880 --> 00:45:42,560
And then also, like, it's part of the responsible disclosure.

647
00:45:42,800 --> 00:45:48,320
So you're saying, like, hey, this is an exploit that everybody should know about so that you know how to mitigate it.

648
00:45:48,320 --> 00:45:51,480
Or at least, like, there's steps being taken to mitigate this in private.

649
00:45:52,140 --> 00:45:53,320
And then there's going to be some.

650
00:45:53,620 --> 00:45:58,480
So it's basically letting the rest of the ecosystem who's also building on DLCs a heads up.

651
00:45:58,480 --> 00:45:58,960
Yeah.

652
00:45:58,960 --> 00:45:59,720
Yeah, because he.

653
00:46:01,400 --> 00:46:02,840
I was talking to him.

654
00:46:02,840 --> 00:46:09,400
he said that this was a vulnerability in the cryptography itself surrounding dlc's it wasn't

655
00:46:10,920 --> 00:46:17,240
in the implementation that his company um created it was in the cryptography

656
00:46:17,880 --> 00:46:28,760
but elliptic curve elliptic curve elliptic curve oh discreet okay i was just making sure okay

657
00:46:28,760 --> 00:46:32,900
Yeah, so I don't know.

658
00:46:33,440 --> 00:46:41,360
I mean, I would like to see, like, what is this vulnerability that he's so concerned with.

659
00:46:42,860 --> 00:46:49,320
I don't think, it feels like a critical vulnerability in, like, the photography of DLCs itself.

660
00:46:51,320 --> 00:46:52,980
I think that's highly unlikely.

661
00:46:52,980 --> 00:46:58,640
because there's so many other people that work on DLCs.

662
00:46:59,040 --> 00:47:00,280
They would have found it by now, right?

663
00:47:00,820 --> 00:47:02,560
Isn't ShirtBits, are they still around?

664
00:47:03,380 --> 00:47:03,680
No.

665
00:47:03,880 --> 00:47:04,100
No?

666
00:47:04,500 --> 00:47:05,620
They've been out for a long time.

667
00:47:07,760 --> 00:47:10,700
Ben Carmen is like Mr. DLC, isn't he?

668
00:47:11,760 --> 00:47:12,140
Yeah.

669
00:47:13,620 --> 00:47:14,300
Yeah, he worked at ShirtBits.

670
00:47:14,300 --> 00:47:16,980
He did a couple DLC workshops at PlubLab.

671
00:47:17,520 --> 00:47:18,640
He never said anything about vulnerability.

672
00:47:18,640 --> 00:47:20,140
He used to work a lot on DLCs.

673
00:47:20,140 --> 00:47:45,180
Well, no, but I think what Shazan alluded to is that when they were developing this product, which I think they were developing longer than Sharedbits existed, and I think also they had more usage and even a different use case than they did, they discovered vulnerabilities that made it not a great option for their product, is what he implies.

674
00:47:45,880 --> 00:47:49,140
I didn't see that he said they're a cryptographic product.

675
00:47:49,140 --> 00:47:51,420
No, that was what he told Topher in private.

676
00:47:52,860 --> 00:47:53,380
Okay.

677
00:47:54,520 --> 00:47:57,500
But that is, so I think for most people,

678
00:47:57,640 --> 00:48:00,900
it doesn't pass the smell test because it,

679
00:48:01,320 --> 00:48:04,580
most people would have released like a CV.

680
00:48:04,860 --> 00:48:06,860
There would have been some disclosure about it.

681
00:48:07,240 --> 00:48:10,160
They would have at least, that would be the normal thing to do.

682
00:48:10,240 --> 00:48:12,120
It's possible they got so busy or whatever,

683
00:48:12,240 --> 00:48:16,360
they never had the opportunity to release anything.

684
00:48:16,360 --> 00:48:23,280
But that is it because the alternative to this is this is just like marketing speak for why they switched away from non-custodial.

685
00:48:23,600 --> 00:48:27,160
It's like this is what exactly what you say during a PR campaign about why.

686
00:48:28,540 --> 00:48:28,980
Yes.

687
00:48:31,060 --> 00:48:32,360
We're saving you.

688
00:48:32,800 --> 00:48:34,500
I'm so proud of Keon this episode.

689
00:48:34,580 --> 00:48:37,720
I feel like you understand the angles to these now.

690
00:48:39,200 --> 00:48:40,200
Good stuff, Keon.

691
00:48:40,200 --> 00:48:46,640
Okay, well, I'm happy to fill you with pride.

692
00:48:48,120 --> 00:48:51,480
What bugs me about this the most is that he snugged an update.

693
00:48:52,060 --> 00:48:56,760
Well, through an update, he basically swiped it for this moment.

694
00:48:57,280 --> 00:48:58,580
Really? You don't say.

695
00:48:59,220 --> 00:49:00,140
Where did it go?

696
00:49:00,320 --> 00:49:04,360
Well, he moved it out of the non-custodial arrangement, which is like...

697
00:49:04,360 --> 00:49:05,380
Which is not non-custodial.

698
00:49:05,380 --> 00:49:05,680
Yeah.

699
00:49:06,320 --> 00:49:07,600
Oh, did he send it to Kraken?

700
00:49:07,600 --> 00:49:14,920
is that where you sent it to well i think tracking is their custodian um

701
00:49:14,920 --> 00:49:23,040
and yeah i think they it was so if you take him at his if you take him at his word this is a novella

702
00:49:23,040 --> 00:49:27,540
they find they find critical vulnerabilities in dlcs they realize all of their customers

703
00:49:27,540 --> 00:49:33,060
are vulnerable to to some kind something an attack of some kind that get that can lose

704
00:49:33,060 --> 00:49:35,460
on their money. So they do is they release,

705
00:49:35,740 --> 00:49:41,000
they release an update coordinated with a huge fundraise to move that moves

706
00:49:41,000 --> 00:49:44,520
all the funds somewhere they think is safer than the DLC contract,

707
00:49:44,780 --> 00:49:50,000
which happens to be Kraken or some Kraken related entity.

708
00:49:50,980 --> 00:49:54,060
And coincidentally,

709
00:49:54,800 --> 00:49:58,300
it's also makes the product much easier to use and much easier to sell.

710
00:49:59,080 --> 00:50:01,500
So that's like, just like taking them at their word,

711
00:50:01,500 --> 00:50:04,300
which might be the case I met Shazan several times

712
00:50:04,300 --> 00:50:06,200
I always like Shazan

713
00:50:06,200 --> 00:50:07,800
I don't know and so I don't

714
00:50:07,800 --> 00:50:09,840
it doesn't strike me as someone who's like a shady

715
00:50:09,840 --> 00:50:10,620
person

716
00:50:10,620 --> 00:50:24,200
we don know the full story is he the CEO Kion or is he the CTO No he the founder and CEO Oh so he making the decisions then Yeah Okay Well technically it his fault

717
00:50:24,580 --> 00:50:28,180
Yeah, technical founder, very, you know, one of the, like, a general.

718
00:50:28,220 --> 00:50:29,160
Yeah, it's on him, man.

719
00:50:30,080 --> 00:50:33,560
Yeah, I think it may be just some, this might be like a miscommunication thing.

720
00:50:34,480 --> 00:50:35,820
Yeah, maybe it's just back a lot.

721
00:50:35,820 --> 00:50:36,960
It's hard to manage this kind of thing.

722
00:50:37,100 --> 00:50:43,300
If they did have this, they might, what I guess actually happened is they were developing this product.

723
00:50:43,960 --> 00:50:47,260
They released it thinking that it would garner more interest than it did.

724
00:50:47,320 --> 00:50:48,700
It didn't because it's hard to use.

725
00:50:48,900 --> 00:50:51,180
All this complicated cryptography and stuff,

726
00:50:51,220 --> 00:50:53,200
and the user has to hold keys and stuff.

727
00:50:53,480 --> 00:50:55,480
And they didn't get the usage that they wanted to.

728
00:50:56,000 --> 00:50:59,600
And then they realized it'd be to the benefit of their product

729
00:50:59,600 --> 00:51:01,160
to make it custodial.

730
00:51:01,860 --> 00:51:03,640
And so they implemented the switch,

731
00:51:03,640 --> 00:51:05,000
and now they're trying to explain it.

732
00:51:05,000 --> 00:51:10,220
But you need a money transmitter license to do that, though.

733
00:51:10,920 --> 00:51:11,880
That's the whole point.

734
00:51:11,880 --> 00:51:15,540
I'm not sure if you are, it depends on the arrangement.

735
00:51:15,840 --> 00:51:18,400
There is, it's possible there are, it depends on the terms of service.

736
00:51:18,500 --> 00:51:22,880
It's possible with the rightly, with a correctly worded terms of service, you can custody someone

737
00:51:22,880 --> 00:51:27,100
else's funds without KYC in certain conditions.

738
00:51:27,100 --> 00:51:30,300
Cause you're not transmitting, you're transmitting money to the person themselves.

739
00:51:30,420 --> 00:51:31,940
You're not, they're not transmitting money.

740
00:51:32,060 --> 00:51:32,740
Are they out of Delaware?

741
00:51:32,940 --> 00:51:34,220
Where are they, where are they out of?

742
00:51:35,360 --> 00:51:40,040
The corporation itself is likely formed in a U.S. state.

743
00:51:40,340 --> 00:51:40,740
Oh, okay.

744
00:51:40,940 --> 00:51:41,080
Yeah.

745
00:51:41,080 --> 00:51:43,600
It was? Okay.

746
00:51:43,980 --> 00:51:45,940
Well, we'll see how long it goes.

747
00:51:46,200 --> 00:51:48,960
So the funniest part of this whole thing

748
00:51:48,960 --> 00:51:50,940
was that Corey Swan has been going on

749
00:51:50,940 --> 00:51:51,940
like a fucking tear.

750
00:51:52,160 --> 00:51:52,980
Oh, has he now?

751
00:51:53,720 --> 00:51:54,160
Yeah.

752
00:51:55,620 --> 00:51:57,080
It brought him out of his slumber.

753
00:51:58,320 --> 00:52:00,340
Well, Corey's an interesting one

754
00:52:00,340 --> 00:52:02,200
because this is where I say there's a short memory.

755
00:52:02,320 --> 00:52:03,560
I think everyone's going to have forgotten

756
00:52:03,560 --> 00:52:06,400
his recent controversy surrounding Tether,

757
00:52:06,520 --> 00:52:07,580
although he's bringing it back up.

758
00:52:07,640 --> 00:52:09,760
Wait, what was the controversy around Tether again?

759
00:52:09,760 --> 00:52:18,240
The contribution on Tether is that they were partnered in a mining business with Tether, I think based in Africa.

760
00:52:18,540 --> 00:52:19,380
I actually forget exactly.

761
00:52:19,440 --> 00:52:20,220
Maybe it was South America.

762
00:52:20,740 --> 00:52:21,880
But they partnered in a mining business.

763
00:52:22,060 --> 00:52:32,760
And then now the people who are running the mining business from within SWAN left SWAN, like all of them, left SWAN and joined Tether to run that mining business independently.

764
00:52:32,960 --> 00:52:34,220
And they're like, F you SWAN.

765
00:52:34,220 --> 00:52:43,720
And then I think Corey and Swan are suing this Tether subsidiary that has their IP in the mining business and stuff.

766
00:52:43,800 --> 00:52:45,260
Basically killed their business.

767
00:52:45,560 --> 00:52:46,900
He's alleging that they came.

768
00:52:47,420 --> 00:52:47,980
Yes.

769
00:52:50,440 --> 00:52:51,960
Well, yeah, Swan was rising.

770
00:52:52,200 --> 00:53:03,400
They had, I don't know if you remember, but they were public, like Swan's investors who get their investor updates were seeing Swan's revenue numbers and were suspicious of them and posting, like, this is bullshit.

771
00:53:03,400 --> 00:53:09,340
I don't believe they're making this much money, but it turns out this was all like mining revenue that they had in this partnership with Tether.

772
00:53:10,200 --> 00:53:17,180
And so when this coup happened or whatever happened, I don't know what happened, it basically killed Swan's profit center.

773
00:53:18,700 --> 00:53:21,480
And, you know, so Corey went kind of silent.

774
00:53:22,360 --> 00:53:22,520
Yeah.

775
00:53:23,500 --> 00:53:24,940
And now he's back.

776
00:53:24,940 --> 00:53:25,640
But now he's back.

777
00:53:25,860 --> 00:53:27,680
He's slaying shit coiners again.

778
00:53:27,680 --> 00:53:35,580
so i mean you have you can you have several you have several lives on social media and in bitcoin

779
00:53:35,580 --> 00:53:40,600
and you can just come back you can like kind of ruin destroy your reputation and you can come back

780
00:53:40,600 --> 00:53:47,400
again you can like rise again and not that cory did that but yeah interesting a lot of interesting

781
00:53:47,400 --> 00:53:53,120
stuff going on in bitcoin this week um yeah a lot of releases i've noticed we're gonna jump into

782
00:53:53,120 --> 00:53:54,220
Wumble's Picks.

783
00:53:54,740 --> 00:53:56,740
Wumble, Wumble's, Wumble's Picks.

784
00:53:57,960 --> 00:53:59,220
This one says

785
00:53:59,220 --> 00:54:01,060
young people wishing to move to a different

786
00:54:01,060 --> 00:54:02,120
country within three years.

787
00:54:02,920 --> 00:54:04,820
I think these are

788
00:54:04,820 --> 00:54:07,180
states in the European Union

789
00:54:07,180 --> 00:54:08,980
and they did some

790
00:54:08,980 --> 00:54:10,940
kind of survey polling young people

791
00:54:10,940 --> 00:54:13,080
and they

792
00:54:13,080 --> 00:54:14,740
asked them if they're planning to leave

793
00:54:14,740 --> 00:54:17,260
the country and

794
00:54:17,260 --> 00:54:18,800
it looks like a significant

795
00:54:18,800 --> 00:54:20,540
percentage of them did.

796
00:54:20,540 --> 00:54:22,540
In the case of Ireland, over 50%.

797
00:54:23,120 --> 00:54:26,100
the majority of young people there said they were planning on leaving.

798
00:54:28,720 --> 00:54:34,160
35% were planning on leaving, and then another 26% would like to leave but had no plans.

799
00:54:35,620 --> 00:54:39,740
You can kind of go through the, there's like several other European states here,

800
00:54:40,540 --> 00:54:43,900
and like Slovenia, even Slovenia, which is on the far end,

801
00:54:43,900 --> 00:54:47,260
has some of the least young people looking to leave.

802
00:54:47,420 --> 00:54:50,600
They only have a little over 20%.

803
00:54:50,600 --> 00:54:58,800
but yeah this was shared by Patrick Collison one of the can you stop tapping your can one

804
00:54:58,800 --> 00:55:07,560
one of the Stripe founders and he he shared it because he's from Ireland and he has an interest

805
00:55:07,560 --> 00:55:14,060
in you know young people doing doing things and I think he also lives in Ireland now primarily but

806
00:55:14,060 --> 00:55:44,040
I wish they would have asked you what side of Ireland.

807
00:55:44,060 --> 00:55:45,680
This is in Ireland.

808
00:55:46,080 --> 00:55:46,700
He asked that.

809
00:55:46,960 --> 00:55:52,460
And all of them said it was because they lacked a critical density of people who shared their interests.

810
00:55:52,880 --> 00:55:57,360
Like they couldn't find as many people who shared their potentially obscure interests, so they wanted to leave.

811
00:55:58,140 --> 00:56:05,080
And I think the other reason was, I think it was related to lack of opportunity or something like that.

812
00:56:05,080 --> 00:56:17,800
Yes, I don't know what side of Ireland is represented by this chart, but the southern side, I spent some time in.

813
00:56:18,460 --> 00:56:24,920
And there's a lot of tech companies that move to Ireland because of tax benefits.

814
00:56:25,160 --> 00:56:29,540
I don't know if you remember charging no tax whatsoever.

815
00:56:30,340 --> 00:56:31,720
Yeah, no corporate tax.

816
00:56:31,720 --> 00:56:33,120
Yeah, lower low corporate tax.

817
00:56:33,120 --> 00:56:40,560
in ariel and offices there moves the people and so kind of like yeah apple famously did yes

818
00:56:40,560 --> 00:56:45,200
because you have like these high paying tech jobs but otherwise it's like

819
00:56:46,400 --> 00:56:55,680
a country with like a low meaning salad and so um yeah so when you when you say lack of opportunity

820
00:56:55,680 --> 00:57:00,000
um i don't know i guess it depends on what sector you're in but yeah like

821
00:57:00,000 --> 00:57:06,000
there's definitely like a wage gap ah it was cost of living not lack of opportunity so

822
00:57:06,560 --> 00:57:11,360
cost of living is high i guess cost of it's a cost of living and lack of a critical mass

823
00:57:11,360 --> 00:57:12,560
of people who share their interests

824
00:57:14,880 --> 00:57:19,360
also living i would have to like push back on that and say maybe it's cost of living

825
00:57:19,360 --> 00:57:27,040
compared to what the median wages yeah that would be i think that that's encapsulated by cost of

826
00:57:27,040 --> 00:57:31,280
living it's like you can't get a wage in ireland that would allow you to support yourself well

827
00:57:32,640 --> 00:57:40,640
there okay wow that's interesting yeah um but it also it applies across europe apparently and

828
00:57:40,640 --> 00:57:46,000
perhaps for different reasons um and then wumbo wanted us to ask some questions or asked us some

829
00:57:46,000 --> 00:57:49,760
questions about this he said the percentages in the graph seem very large what percentage

830
00:57:50,880 --> 00:57:56,960
uh would actually want to leave versus just expressing disagreement with their i think these

831
00:57:56,960 --> 00:58:03,460
I haven't looked at the details of this study and survey, but I would guess these are people that actually plan on leaving.

832
00:58:03,700 --> 00:58:13,760
If a competent person is running this survey, they are going to weed out whether it's someone just looking for a way to communicate that they don't like being in Ireland.

833
00:58:14,820 --> 00:58:16,320
I think they actually do plan to leave.

834
00:58:16,660 --> 00:58:18,020
I guess I have a bigger question.

835
00:58:18,220 --> 00:58:22,520
Do people just naturally leave European countries just like all the time?

836
00:58:22,860 --> 00:58:23,880
Is that like a thing over there?

837
00:58:23,880 --> 00:58:30,620
uh i like do they just like hop around well it is that you are you are in proximity to other

838
00:58:30,620 --> 00:58:34,300
like so you just like leave right it's kind of like the states where you're just like oh i'm

839
00:58:34,300 --> 00:58:38,980
just gonna move to one from one state to another yeah yeah like i had a friend okay i had a friend

840
00:58:38,980 --> 00:58:45,060
who grew up it's not really a big deal then in belgium who would frequently go to like holland

841
00:58:45,060 --> 00:58:52,480
yeah and they were just or like uh socks and ek were talking about they just took it took a train

842
00:58:52,480 --> 00:58:56,100
to a conference that was in another country in Europe.

843
00:58:58,200 --> 00:58:59,360
So, yeah.

844
00:59:02,080 --> 00:59:05,220
One bill also asks, what would cause you guys to leave the USA?

845
00:59:08,220 --> 00:59:09,300
Topher, do you have an answer?

846
00:59:10,960 --> 00:59:11,480
Persecution.

847
00:59:12,560 --> 00:59:13,080
Okay.

848
00:59:13,500 --> 00:59:14,540
Financial persecution.

849
00:59:15,080 --> 00:59:16,720
Not any other type of persecution.

850
00:59:16,720 --> 00:59:19,120
No, just a desk cloud.

851
00:59:20,620 --> 00:59:21,700
That's how fast I would be.

852
00:59:21,700 --> 00:59:28,060
I don't consider Texas the United States.

853
00:59:28,660 --> 00:59:30,740
So I think that's a...

854
00:59:30,740 --> 00:59:36,080
I don't consider Texas the United States.

855
00:59:36,160 --> 00:59:38,660
So that's where I feel like it doesn't apply to me.

856
00:59:39,700 --> 00:59:44,100
Until that happens, where I start feeling like Texas is the United States,

857
00:59:44,300 --> 00:59:45,800
then I'll consider something.

858
00:59:47,420 --> 00:59:47,900
100%.

859
00:59:47,900 --> 00:59:48,880
100%.

860
00:59:48,880 --> 00:59:50,000
Not even close.

861
00:59:50,000 --> 00:59:53,940
like i go to other states and i visit other cities in other states and i feel

862
00:59:53,940 --> 00:59:59,540
i feel like the way nick feels when he comes to like when he walks downtown

863
00:59:59,540 --> 01:00:09,460
yeah i love texas do you think you think like what is it that makes texas safer guns and religion

864
01:00:09,460 --> 01:00:17,780
and the people are nicer and there's like a reality here that you can't get any any place

865
01:00:17,780 --> 01:00:26,780
else on earth i think from where i've gone people are like well i think they're in their own reality

866
01:00:26,780 --> 01:00:30,300
but i think here in texas and maybe because i just grew up here so it's just like

867
01:00:30,300 --> 01:00:37,280
yeah okay but at least some of those things you can get in other states like you sure you could

868
01:00:37,280 --> 01:00:44,240
guns and religion certainly right but not everybody has that you know like you can you

869
01:00:44,240 --> 01:00:48,360
You can drive to a town and there's a church every three miles.

870
01:00:49,220 --> 01:00:51,040
I'm not saying that's a good or bad thing,

871
01:00:51,240 --> 01:00:54,460
but it really does make everybody think from like a base reality version

872
01:00:54,460 --> 01:00:56,160
of what's around us.

873
01:00:56,520 --> 01:01:00,020
And whether that's good or bad at least puts everybody in moral standing.

874
01:01:01,760 --> 01:01:02,240
Okay.

875
01:01:02,560 --> 01:01:03,120
So you think?

876
01:01:03,740 --> 01:01:05,860
I think the morals are a little bit more.

877
01:01:08,540 --> 01:01:10,540
There's morals in Texas, I would say.

878
01:01:11,940 --> 01:01:14,140
Probably not so much in Austin, obviously.

879
01:01:14,240 --> 01:01:21,020
it's a very you know liberal city but outside of austin it's very so even the government if like

880
01:01:21,020 --> 01:01:25,260
the usa started like the federal government started acting a fool you think like a hundred

881
01:01:25,260 --> 01:01:31,860
percent yeah texas would percent yeah like what is it called it's like yeah secede i don't think

882
01:01:31,860 --> 01:01:35,740
it would secede but i think it would it would stand up an army of its own and if it didn't

883
01:01:35,740 --> 01:01:41,740
its texan citizens would yeah you'd join the texas rangers you do not saying all that but i

884
01:01:41,740 --> 01:01:45,920
think there would be a united front you'd start the podcast for the united front no there'd be

885
01:01:45,920 --> 01:01:51,620
united front texans are just built different i know i'm getting i'm just trying to get what is

886
01:01:51,620 --> 01:01:57,480
but i i hear what you're saying it's like you feel like there's enough of a an attitude about

887
01:01:57,480 --> 01:02:05,060
freedom in texas that should the united states start encroaching on people's freedoms here that

888
01:02:05,060 --> 01:02:07,740
Texas as a whole would resist.

889
01:02:08,660 --> 01:02:09,760
Okay. Yeah.

890
01:02:10,200 --> 01:02:12,140
I buy it. I think that's why everybody

891
01:02:12,140 --> 01:02:14,240
likes it. They're like, oh man,

892
01:02:14,240 --> 01:02:16,080
I wish I could change this. You guys don't allow

893
01:02:16,080 --> 01:02:18,180
porn and you guys don't allow... It's just like,

894
01:02:18,600 --> 01:02:19,700
yeah, why do you think it's great?

895
01:02:22,100 --> 01:02:24,440
I like how decentralized Texas is.

896
01:02:25,160 --> 01:02:25,600
The grit?

897
01:02:25,600 --> 01:02:26,900
It's a massive state.

898
01:02:27,280 --> 01:02:28,780
If you look on a map,

899
01:02:29,040 --> 01:02:31,020
it's little towns.

900
01:02:32,100 --> 01:02:32,300
Everywhere.

901
01:02:33,220 --> 01:02:34,660
Everywhere you go, the towns.

902
01:02:35,060 --> 01:02:39,400
back roads and they're all nice man i mean there's some places where they're not nice but like

903
01:02:39,400 --> 01:02:47,080
um for the most part i feel like it's a very nice nice nice state i mean there's some bad cities here

904
01:02:47,080 --> 01:02:52,780
and there right but um for the for the most part you'll find a city or a town that you'll

905
01:02:53,340 --> 01:03:01,920
that you'll fit in in texas yeah everything's bigger in texas even the space you'll fit in

906
01:03:01,920 --> 01:03:08,420
all right yeah well there's one more question yeah yeah well we didn't really answer that one

907
01:03:08,420 --> 01:03:14,880
i'd leave i'd leave the united states when i wanted to be somewhere else i guess uh is mostly

908
01:03:14,880 --> 01:03:20,300
i don't know yeah if i wanted to be in paraguay but i was in the united states i'd leave the

909
01:03:20,300 --> 01:03:26,640
united states but i like i don't have any i don't really want to be in paraguay right now

910
01:03:26,640 --> 01:03:29,780
okay so I answered

911
01:03:29,780 --> 01:03:31,420
do you think people

912
01:03:31,420 --> 01:03:33,640
answer yes

913
01:03:33,640 --> 01:03:34,900
they are thinking of leaving

914
01:03:34,900 --> 01:03:37,100
okay for the people

915
01:03:37,100 --> 01:03:38,820
I think he kind of misphrased this

916
01:03:38,820 --> 01:03:40,180
but for the people who answered yes

917
01:03:40,180 --> 01:03:42,140
have they explored adopting Bitcoin

918
01:03:42,140 --> 01:03:44,520
is what he asked

919
01:03:44,520 --> 01:03:46,580
and I would guess

920
01:03:46,580 --> 01:03:49,220
I would guess that's sort of independent

921
01:03:49,220 --> 01:03:51,840
an independent question

922
01:03:51,840 --> 01:03:56,620
the people who are thinking of

923
01:03:56,620 --> 01:04:02,460
leaving these countries these eu states yeah it says young people and young people don't have

924
01:04:02,460 --> 01:04:07,780
bitcoin so that answers that question it's true they've had less a fewer years to learn about

925
01:04:07,780 --> 01:04:13,180
bitcoin it takes 10 000 hours and they maybe haven't been alive that long yeah so i think

926
01:04:13,180 --> 01:04:18,780
that answers that question yeah but i uh what you know like i think i think he's trying to get at

927
01:04:18,780 --> 01:04:23,440
like if they if they were aware of bitcoin and had bitcoin would they still want to leave these

928
01:04:23,440 --> 01:04:30,160
countries like if they they felt like there was hope beyond moving to another like sovereign nation

929
01:04:30,160 --> 01:04:36,920
would they would they stay and i think they i would guess they would if they it sounds like

930
01:04:36,920 --> 01:04:40,500
like the reason why you really start seeking out people who share your interests

931
01:04:40,500 --> 01:04:49,820
is is um is so that you can you can advance yourself and um maybe make more money and then

932
01:04:49,820 --> 01:04:53,040
afford the cost of living i think those are like i think those are actually like sort of

933
01:04:53,040 --> 01:04:57,600
to relate it to cost of living and finding people with shared interests um there's also like of

934
01:04:57,600 --> 01:05:01,800
course fulfillment of finding people with shared interests but it's mainly like you get like extra

935
01:05:01,800 --> 01:05:13,400
powers it's like uh you unite with people with shared values and grow yeah so for me like a big

936
01:05:13,400 --> 01:05:20,820
one of the things that bothers me the most uh is taxes and not just taxes but that

937
01:05:20,820 --> 01:05:30,360
the tax money goes into programs that are very disgusting and despicable and hostile towards me

938
01:05:30,360 --> 01:05:38,220
and the smaller that loop is of my tax money going into an account it's okay it was picking

939
01:05:38,220 --> 01:05:44,360
up him from other myself keep going you're going you're good but yeah like uh so if like living in

940
01:05:44,360 --> 01:05:51,260
California, I mean, you could see your tax money directly being deployed against you.

941
01:05:53,240 --> 01:06:04,600
And it just made paying that tax bill just more and more difficult, like on a psychological level.

942
01:06:04,800 --> 01:06:05,320
Yeah.

943
01:06:05,660 --> 01:06:08,560
Because it feels like you really are like a subject.

944
01:06:08,780 --> 01:06:10,320
You're funding your enemy.

945
01:06:10,620 --> 01:06:10,800
Yeah.

946
01:06:10,860 --> 01:06:11,100
Yeah.

947
01:06:12,140 --> 01:06:13,600
You're funding your own destruction.

948
01:06:13,600 --> 01:06:21,620
oh hey car have you been uh using skin cream look you look a lot younger i have been using

949
01:06:21,620 --> 01:06:29,040
skin cream thank you that's that's nice what do you are you gonna leave uh what would make you

950
01:06:29,040 --> 01:06:36,440
well i was trying to think um i mean i'm curious about like living in other countries so like if i

951
01:06:36,440 --> 01:06:41,660
had an opportunity maybe i would try it but another thing is like family so what does that

952
01:06:41,660 --> 01:06:49,800
bring them to mind if i can bring my family yeah would you leave yeah okay where would you go

953
01:06:49,800 --> 01:06:58,520
i'd probably go to ireland really really i don't know i would go uh you think you're awesome to

954
01:06:58,520 --> 01:07:07,840
wear a kilt um i don't want to answer that it'd be like really hard to sack in a kilt yeah yeah

955
01:07:07,840 --> 01:07:14,640
like especially in like public you wouldn't want to be hacking a sack and right right i'm getting

956
01:07:14,640 --> 01:07:20,920
really good are you getting good i'm getting good at it i mean i don't want to speak for car

957
01:07:20,920 --> 01:07:26,500
but okay i was getting the vibe that he didn't want to be here anyway

958
01:07:26,500 --> 01:07:30,180
yeah he looked he looked super distracted all the time

959
01:07:30,180 --> 01:07:38,480
okay well i think there's like another we're supposed to move on now from this

960
01:07:38,480 --> 01:07:40,840
you know how to do that oh what's the next thing coop

961
01:07:40,840 --> 01:07:51,020
anyway ireland beautiful country good choice uh definitely a lot easier to live there if you're

962
01:07:51,020 --> 01:07:58,580
on a bitcoin standard okay because why is there special for bitcoin one thing because then you

963
01:07:58,580 --> 01:08:04,100
don't really you're insulated from the politics politics are awful politics are bad okay um

964
01:08:04,100 --> 01:08:09,580
you're insulated from it i thought they were like cool i thought they might have like a spirit

965
01:08:09,580 --> 01:08:17,120
of rebellion like rebelliousness because of um like all like the ira stuff and like them

966
01:08:17,120 --> 01:08:25,340
getting independence from like the united kingdom that's changed a lot so like northern ireland

967
01:08:25,340 --> 01:08:32,160
Northern Ireland is part of the UK and Southern Ireland is part of the EU.

968
01:08:32,460 --> 01:08:33,660
I think I got that right.

969
01:08:33,800 --> 01:08:34,040
Really?

970
01:08:35,360 --> 01:08:35,680
Yeah.

971
01:08:36,160 --> 01:08:36,480
Okay.

972
01:08:36,480 --> 01:08:37,680
So like half of them breakfast.

973
01:08:37,680 --> 01:08:37,860
Yeah.

974
01:08:37,860 --> 01:08:38,580
So, so, so, yeah.

975
01:08:38,720 --> 01:08:42,180
So like, so there's definitely a rebellious spirit.

976
01:08:42,420 --> 01:08:46,380
I haven't been there long enough to really understand like how the people think or anything

977
01:08:46,380 --> 01:08:46,880
like that.

978
01:08:46,920 --> 01:08:47,460
How long were you there?

979
01:08:48,380 --> 01:08:49,820
I was like for a couple of weeks.

980
01:08:50,320 --> 01:08:50,760
Okay.

981
01:08:51,700 --> 01:08:52,440
That's a good story.

982
01:08:52,440 --> 01:08:57,800
So, but, um, they do have everything in their language.

983
01:08:57,800 --> 01:09:00,240
So it's like part of Gaelic.

984
01:09:00,380 --> 01:09:00,840
Yeah.

985
01:09:00,940 --> 01:09:03,600
It's, it's, it's like a certain dialect of Gaelic.

986
01:09:03,820 --> 01:09:04,340
Okay.

987
01:09:04,460 --> 01:09:09,800
Um, but yeah, like, so like it's mandated by the government that like all official government

988
01:09:09,800 --> 01:09:12,760
documents are also there in Gaelic and English.

989
01:09:13,180 --> 01:09:14,740
Oh, so you see it everywhere.

990
01:09:15,300 --> 01:09:16,720
Um, I think that's cool.

991
01:09:17,220 --> 01:09:21,320
Um, also like the, uh, no corporate tax rate.

992
01:09:21,820 --> 01:09:22,340
Yeah.

993
01:09:22,440 --> 01:09:27,840
but they're they're in battle with the eu over that because the eu wants them to collect taxes

994
01:09:27,840 --> 01:09:32,940
because they don't like i guess they don't like the situation where all of these companies are

995
01:09:32,940 --> 01:09:39,060
choosing to incorporate there's no uniformity yeah so so they're battling over that so i guess

996
01:09:39,060 --> 01:09:44,140
that makes them pretty independent even though like other things are messed up well other things

997
01:09:44,140 --> 01:09:49,880
there's like a lot of history in all of these like current things that are happening i think like

998
01:09:49,880 --> 01:09:56,940
the relationship between like england and uk is one that you can't really just like state over

999
01:09:56,940 --> 01:10:07,140
i don't know it's it's it's storied history yeah yeah there's there's a lot of great history in

1000
01:10:07,140 --> 01:10:15,140
ireland i know but the politics are i mean it's it's extremely leftist country politically yeah

1001
01:10:15,140 --> 01:10:18,620
I know Sean McGregor is going to, isn't he running there sometime?

1002
01:10:19,260 --> 01:10:21,620
Yeah, but he's running for a ceremonial title.

1003
01:10:21,880 --> 01:10:24,840
It's not really like a title with any real political power.

1004
01:10:24,960 --> 01:10:25,220
That's right.

1005
01:10:25,260 --> 01:10:28,140
They do like different types of governments there where they have like prime ministers.

1006
01:10:28,140 --> 01:10:29,080
But we're going to look at this right now.

1007
01:10:29,180 --> 01:10:34,140
So I just made another zine and it's number 33 and here it is.

1008
01:10:35,280 --> 01:10:35,720
Wow.

1009
01:10:36,080 --> 01:10:36,340
I know.

1010
01:10:36,620 --> 01:10:38,140
We're going into palindromes.

1011
01:10:39,240 --> 01:10:39,680
Oh.

1012
01:10:42,100 --> 01:10:44,380
The one that you made about, that was you.

1013
01:10:44,380 --> 01:10:50,040
remember the plant one that this might be my favorite one since then i think i want to buy

1014
01:10:50,040 --> 01:10:59,600
this one oh my gosh we made a sale okay um anyway yeah so this is number 33 and i made a post about

1015
01:10:59,600 --> 01:11:04,840
it you could check it out there um one thing about this is like is this how we're doing this okay

1016
01:11:04,840 --> 01:11:14,740
um i used freaking i used things that you guys told me and i and i went and put your own

1017
01:11:14,740 --> 01:11:19,980
your very own submissions uh made up a lot of what got printed in the zine

1018
01:11:19,980 --> 01:11:27,140
as just like um extra fun material that i like to use so um you can see that

1019
01:11:27,140 --> 01:11:30,020
Did you come up with that?

1020
01:11:30,960 --> 01:11:32,460
Well, that's from the post.

1021
01:11:33,500 --> 01:11:34,260
Keon's post.

1022
01:11:34,420 --> 01:11:35,100
This one here.

1023
01:11:36,140 --> 01:11:36,440
I know.

1024
01:11:36,500 --> 01:11:37,440
I thought this was really cool.

1025
01:11:37,520 --> 01:11:39,120
Keon, I also used this.

1026
01:11:40,580 --> 01:11:41,300
Oh, yeah.

1027
01:11:41,360 --> 01:11:41,660
This bit.

1028
01:11:42,080 --> 01:11:44,080
It's a seven set Venn diagram.

1029
01:11:45,000 --> 01:11:46,480
And somebody developed this.

1030
01:11:46,600 --> 01:11:47,680
Can you tell us about that?

1031
01:11:47,920 --> 01:11:48,240
Yeah.

1032
01:11:48,440 --> 01:11:50,060
So this is like.

1033
01:11:50,360 --> 01:11:51,100
That's pretty cool.

1034
01:11:51,100 --> 01:11:56,860
This is a visualization of a seven set Venn diagram that they use colors for and mixing

1035
01:11:56,860 --> 01:12:03,600
colors to kind of show where they're overlapping um but we've all seen like two or three

1036
01:12:03,600 --> 01:12:11,540
uh sets in a venn diagram this is a seven set venn diagram so seven is the amount of colors

1037
01:12:11,540 --> 01:12:16,100
that are here because there's a lot more than seven things going on yeah but there's oh i guess

1038
01:12:16,100 --> 01:12:21,180
because it it like exponential seven primary the connections are like exponential from seven

1039
01:12:21,180 --> 01:12:26,620
they're not because of how they overlap yeah i don't know about exponential but i mean it looks

1040
01:12:26,620 --> 01:12:34,240
like more than 14 um yeah no that may that may be that may be actually true um i don't know i

1041
01:12:34,240 --> 01:12:39,320
liked it this is fun where'd you find this uh i was just looking for inset venn diagrams because

1042
01:12:39,320 --> 01:12:48,040
this is kind of what i was thinking of oh yeah sweet oh no yeah 128 color combinations is what

1043
01:12:48,040 --> 01:12:52,680
you end up with according to that 128 okay yeah so it does seem exponential but it could be

1044
01:12:52,680 --> 01:13:05,380
yeah all right um seven to the fourth uh maybe i don't know um anyway we don't do math i never do

1045
01:13:05,380 --> 01:13:11,940
math um we can do a separate podcast where you do math cool stacker news math oh i actually want

1046
01:13:11,940 --> 01:13:15,120
to ask you guys what do you think about this i put this on the cover what what do you think about

1047
01:13:15,120 --> 01:13:24,740
this is that a band-aid yeah there's like all of them in there no but what do you think about this

1048
01:13:24,740 --> 01:13:33,120
statement here we like bitcoin but we love freedom more yeah you have to separate them

1049
01:13:33,120 --> 01:13:39,340
car says it's a gen z statement but so is also the new predators movie says there's also a gen

1050
01:13:39,340 --> 01:13:48,820
movie oh i'll tweet it okay um but yeah it's good check out this post and everything else i've done

1051
01:13:48,820 --> 01:13:57,060
about um the zine actually i've been thinking about that yeah um i want to encourage if you're

1052
01:13:57,060 --> 01:14:00,000
gen z and you're watching find something

1053
01:14:00,000 --> 01:14:12,240
nice car says 18 to 27 are watching this was like which i imagine he um got that from his like

1054
01:14:12,240 --> 01:14:21,700
youtube stats sweet um i would encourage you if you're 18 to 27 to find your like like the kids

1055
01:14:21,700 --> 01:14:25,840
in ireland were saying they want to talk to people who think like them so you need to like get off of

1056
01:14:25,840 --> 01:14:30,360
the corporate platforms for talking to each other and find your niche

1057
01:14:30,360 --> 01:14:32,160
platforms for talking to each other.

1058
01:14:32,300 --> 01:14:33,860
One of those is going to be stacker news.

1059
01:14:34,220 --> 01:14:36,040
I would encourage you anyway,

1060
01:14:36,140 --> 01:14:36,760
we're already here.

1061
01:14:36,840 --> 01:14:37,420
So we know that,

1062
01:14:37,580 --> 01:14:39,520
but for the YouTube land,

1063
01:14:39,520 --> 01:14:41,960
it might be important to,

1064
01:14:41,960 --> 01:14:42,520
um,

1065
01:14:42,980 --> 01:14:45,660
go to a different channel.

1066
01:14:45,760 --> 01:14:46,240
What happened?

1067
01:14:46,760 --> 01:14:47,260
I think,

1068
01:14:47,380 --> 01:14:47,920
yeah,

1069
01:14:47,980 --> 01:14:48,840
it's like you do this.

1070
01:14:48,940 --> 01:14:49,180
You,

1071
01:14:49,340 --> 01:14:51,840
you like to dance with your hands when you talk.

1072
01:14:52,300 --> 01:14:52,660
Shoot.

1073
01:14:52,780 --> 01:14:53,540
And you kind of,

1074
01:14:53,700 --> 01:14:54,080
I guess,

1075
01:14:54,220 --> 01:14:54,360
car,

1076
01:14:54,400 --> 01:14:54,740
you gotta,

1077
01:14:54,880 --> 01:14:55,740
you gotta come back.

1078
01:14:55,840 --> 01:15:03,220
know but i already did you gotta burn through 10 000 hours so i already did my bit so now i'm done

1079
01:15:03,220 --> 01:15:09,300
yeah i'm sorry i messed it up no you're good

1080
01:15:09,300 --> 01:15:20,460
what's unblurred now what's going on hello well thanks for the break yeah where did you go to did

1081
01:15:20,460 --> 01:15:22,120
Do you leave the United States?

1082
01:15:22,360 --> 01:15:22,740
Got some beers.

1083
01:15:22,980 --> 01:15:34,880
I actually think this is an amazing wine I going to buy these Are you trying to do it with your own camera I not going to buy it I would believe it

1084
01:15:35,140 --> 01:15:36,420
There's only like three in there.

1085
01:15:36,500 --> 01:15:43,560
Now that we got that one, let's jump into my top stories of the week, hackers.

1086
01:15:45,080 --> 01:15:46,560
I really want to share this.

1087
01:15:46,660 --> 01:15:50,480
When women build, freedom follows, meet the hackers of Hack for Freedom.

1088
01:15:51,320 --> 01:15:53,160
So apparently I found this out today.

1089
01:15:53,440 --> 01:15:56,840
that Brianna put together.

1090
01:15:57,260 --> 01:15:59,040
She builds the company Eventu.

1091
01:15:59,800 --> 01:16:01,200
It's a really cool app.

1092
01:16:01,720 --> 01:16:04,180
But apparently she did this in Nigeria

1093
01:16:04,180 --> 01:16:07,740
where she did a women-only Bitcoin hackathon.

1094
01:16:07,960 --> 01:16:09,060
I didn't even know about this.

1095
01:16:09,860 --> 01:16:11,780
And look at all the people that showed up.

1096
01:16:12,760 --> 01:16:14,260
And the HRF sponsor,

1097
01:16:14,380 --> 01:16:17,040
but they were able to come together

1098
01:16:17,040 --> 01:16:20,520
and they were actually building Bitcoin stuff,

1099
01:16:20,660 --> 01:16:22,860
which is pretty freaking cool.

1100
01:16:23,440 --> 01:16:29,420
And then she was telling me that like, and I didn't even know this.

1101
01:16:30,060 --> 01:16:36,360
So I was really surprised that she was saying that women are intimidated to hack.

1102
01:16:37,720 --> 01:16:39,980
And this is like some insight that she had.

1103
01:16:41,440 --> 01:16:43,920
And turns out she was right.

1104
01:16:45,020 --> 01:16:47,020
But Team Lightning O won.

1105
01:16:48,920 --> 01:16:51,920
Looks like they had some other winners too as well.

1106
01:16:51,920 --> 01:16:59,700
but team bit save one as well too um and uh yeah i just thought it was really freaking cool team

1107
01:16:59,700 --> 01:17:08,660
bitstra a lot of really cool little things but um team life drops as you know like just doing top

1108
01:17:08,660 --> 01:17:12,760
builder we've seen ezron and a couple onions man a couple other people come through top builder and

1109
01:17:12,760 --> 01:17:18,740
they were building projects in nigeria and they were working with be trust so i had no idea there

1110
01:17:18,740 --> 01:17:25,300
was even women that were building to as well um so i thought that was it was the best news i heard

1111
01:17:25,300 --> 01:17:32,000
this today because i had no idea there was women bitcoin builders in nigeria what was the winning

1112
01:17:32,000 --> 01:17:38,960
project i think it was this one here team lightning no yeah but uh what's like the synopsis it looks

1113
01:17:38,960 --> 01:17:43,200
like it's a non-profit open source platform built on nostril and light now it connects global

1114
01:17:43,200 --> 01:17:47,300
sponsors and local talent through bounties gigs and grants a secure custodial escrow system ensures

1115
01:17:47,300 --> 01:17:50,160
transparency and trust throughout each transaction.

1116
01:17:50,380 --> 01:17:51,100
Ah, lightning.

1117
01:17:51,260 --> 01:17:53,420
Sounds like a right up your alley, Topher Scott.

1118
01:17:54,320 --> 01:17:54,760
Escrow.

1119
01:17:55,020 --> 01:17:55,460
Escrow.

1120
01:17:55,740 --> 01:17:56,440
Custodial though.

1121
01:17:57,160 --> 01:17:57,780
Custodial though.

1122
01:17:57,820 --> 01:17:58,980
That's legal in Nigeria.

1123
01:18:00,000 --> 01:18:01,980
But really cool stuff.

1124
01:18:02,020 --> 01:18:02,900
I just wanted to share that.

1125
01:18:02,960 --> 01:18:06,900
Cause I think when are you going to talk about something unique like this?

1126
01:18:07,480 --> 01:18:08,200
Crazy, right?

1127
01:18:08,680 --> 01:18:09,320
No, it's awesome.

1128
01:18:09,380 --> 01:18:09,660
It's awesome.

1129
01:18:09,660 --> 01:18:13,700
I mean, it's awesome, but it's, I was like, I had no idea this was a thing.

1130
01:18:14,020 --> 01:18:15,680
You must've posted this like right before.

1131
01:18:15,760 --> 01:18:16,600
I posted it right before.

1132
01:18:16,600 --> 01:18:16,920
Yeah.

1133
01:18:17,300 --> 01:18:19,380
But look, it happened October 9th.

1134
01:18:21,660 --> 01:18:22,960
Why did I hear about this?

1135
01:18:23,320 --> 01:18:23,880
I don't know.

1136
01:18:24,260 --> 01:18:25,620
I didn't hear about it either.

1137
01:18:25,660 --> 01:18:26,740
I'm not on Twitter, so I don't know.

1138
01:18:26,960 --> 01:18:28,020
But maybe it was on Twitter.

1139
01:18:28,560 --> 01:18:29,520
Maybe it was on Twitter.

1140
01:18:29,740 --> 01:18:32,280
Maybe it got tweeted somewhere, and then it got lost in the sauce.

1141
01:18:34,420 --> 01:18:37,140
This is a real alpha, right?

1142
01:18:37,600 --> 01:18:38,560
Yeah, this is a real alpha.

1143
01:18:39,060 --> 01:18:40,720
So I wanted to post it on Stacker News.

1144
01:18:41,720 --> 01:18:44,540
I wanted to post it on Stacker News because I felt like this goes into

1145
01:18:44,540 --> 01:18:45,100
builder's territory.

1146
01:18:45,100 --> 01:18:49,740
anyways just want to share that so shout out to brianna the eventu team and then everybody at

1147
01:18:49,740 --> 01:18:55,360
btrust and then uh hrf for for sponsoring this that's amazing keep sponsoring it because

1148
01:18:55,360 --> 01:19:02,620
we need more women builders it turns out like she was telling me like it turns out they're

1149
01:19:02,620 --> 01:19:07,700
women builders actually want to build they just don't feel comfortable building i'd be happy with

1150
01:19:07,700 --> 01:19:15,580
just like women in bitcoin or like you're like knowing a woman i guess yeah yeah i mean a lot

1151
01:19:15,580 --> 01:19:20,400
of the builders that we have in bitcoin right now that are women they're brilliant so

1152
01:19:20,400 --> 01:19:24,140
no but it's so you bring in more yeah it had to be hard i mean i imagine how

1153
01:19:24,140 --> 01:19:28,340
i wonder how hard it was to find female builders i mean

1154
01:19:28,340 --> 01:19:32,100
there you go do you have any thoughts on this

1155
01:19:32,100 --> 01:19:33,680
flip poet

1156
01:19:33,680 --> 01:19:38,500
I am a woman

1157
01:19:38,500 --> 01:19:39,580
and

1158
01:19:39,580 --> 01:19:42,820
hear me roar

1159
01:19:42,820 --> 01:19:45,700
do you run with wolves

1160
01:19:45,700 --> 01:19:47,600
but yeah that sounds like a cool event

1161
01:19:47,600 --> 01:19:50,100
and yeah like I understand

1162
01:19:50,100 --> 01:19:51,440
the like being intimidated

1163
01:19:51,440 --> 01:19:53,780
at a hackathon

1164
01:19:53,780 --> 01:19:58,340
I did participate

1165
01:19:58,340 --> 01:20:00,580
in a hackathon once before

1166
01:20:00,580 --> 01:20:08,660
at TabConf, and I found it to be a lovely time working with the clams guys.

1167
01:20:12,000 --> 01:20:13,380
Would love to do that again.

1168
01:20:13,480 --> 01:20:17,240
Haven't been able to catch those guys at, like, well, they were at Startup Day,

1169
01:20:17,440 --> 01:20:18,760
so maybe I'll see them at Startup Day.

1170
01:20:19,960 --> 01:20:22,440
But anyway, I think that's a cool idea for, like, an event.

1171
01:20:25,080 --> 01:20:27,560
I mean, I think it's cool in some ways, and I think it's, like,

1172
01:20:27,560 --> 01:20:33,800
it's just like anything to encourage people to like build is cool so yeah

1173
01:20:33,800 --> 01:20:43,240
so and then the next post i wanted to bring up was this one um bitcoin builder meetup so

1174
01:20:43,240 --> 01:20:50,640
apparently uh this is like started by um gosh what's her name uh at the presidio

1175
01:20:50,640 --> 01:20:52,000
I always forget her name.

1176
01:20:52,200 --> 01:20:53,900
Yeah, Haley and Steve Lee.

1177
01:20:54,680 --> 01:20:55,500
And who else?

1178
01:20:55,880 --> 01:20:59,920
Well, they started this like builder campaign to like do more builder meetups.

1179
01:21:01,500 --> 01:21:04,780
And initially it started with Miami in San Francisco.

1180
01:21:05,100 --> 01:21:10,560
We were already doing Bitcoin Builders Club, but I didn't know they had started that tangentially at the same time.

1181
01:21:11,260 --> 01:21:14,960
But more and more people are starting to build builder meetups now.

1182
01:21:15,080 --> 01:21:16,160
This is becoming a thing.

1183
01:21:16,260 --> 01:21:17,660
There's like a signal group for it.

1184
01:21:18,360 --> 01:21:20,600
Vancouver just recently dropped their hat to it.

1185
01:21:20,640 --> 01:21:24,040
Austin already has their own Bitcoin builder meetup.

1186
01:21:24,400 --> 01:21:27,400
So I just wanted to make a post that's like,

1187
01:21:27,400 --> 01:21:29,060
if you don't have a builder meetup,

1188
01:21:29,160 --> 01:21:31,760
you should probably think about starting one.

1189
01:21:31,960 --> 01:21:33,460
Cause then the next,

1190
01:21:33,580 --> 01:21:38,420
the next wave of meetups aren't going to be like green candles going up.

1191
01:21:38,540 --> 01:21:38,880
Sorry,

1192
01:21:38,980 --> 01:21:39,180
keys,

1193
01:21:39,600 --> 01:21:42,140
but it's not going to be like those types of meetups anymore.

1194
01:21:42,140 --> 01:21:44,000
Like those are going like,

1195
01:21:44,060 --> 01:21:44,660
that's not gonna,

1196
01:21:45,200 --> 01:21:47,900
I think that was a 21 thing.

1197
01:21:47,980 --> 01:21:48,540
I think that was a 20,

1198
01:21:48,580 --> 01:21:49,380
that was a special thing.

1199
01:21:49,380 --> 01:21:52,600
this is going to be more, there's a builder wave happening.

1200
01:21:52,600 --> 01:21:53,860
And I think it's only going to get,

1201
01:21:54,240 --> 01:21:56,780
it's only going to happen even more and more with AI and stuff.

1202
01:21:56,940 --> 01:21:59,100
So I just wanted to do a call to action

1203
01:21:59,100 --> 01:22:00,560
because I think this was really important

1204
01:22:00,560 --> 01:22:03,240
that more builder meetups get created

1205
01:22:03,240 --> 01:22:05,700
because we need more builders in Bitcoin.

1206
01:22:05,960 --> 01:22:10,480
There's never been a worse time and good time to build on Bitcoin,

1207
01:22:10,680 --> 01:22:12,600
but we're severely understaffed.

1208
01:22:14,360 --> 01:22:15,280
So anyways.

1209
01:22:16,060 --> 01:22:18,040
Yeah, we need to inspire new minds.

1210
01:22:18,040 --> 01:22:24,560
yeah so if you're near if you're near a big city and you want to do something

1211
01:22:24,560 --> 01:22:29,740
do a builder meetup bitcoin builder meetup and then get with uh how do you say your name

1212
01:22:29,740 --> 01:22:35,200
hayley hayley at presidio because she's like helping everybody what happens at a builder meetup

1213
01:22:35,200 --> 01:22:40,820
everything everything happens like ours is we're trying to do like a hack and tell

1214
01:22:40,820 --> 01:22:46,980
before and then we're trying to do like a fireside but at the san francisco one they're

1215
01:22:46,980 --> 01:22:51,960
going through like code and they're going through other stuff um miami's going to be different

1216
01:22:51,960 --> 01:22:57,100
vancouver's gonna be different so you just kind of make it work with yours so there's not really

1217
01:22:57,100 --> 01:23:01,940
a set design but there is a github if you're interested i didn't link it in here i'll post

1218
01:23:01,940 --> 01:23:10,620
that after the show but yeah there's a builder train happening let's do it um the next one is

1219
01:23:10,620 --> 01:23:14,400
the ai bitcoin stuff so i just wanted to bring this on because i thought it was funny

1220
01:23:14,400 --> 01:23:17,220
Anthropics Claw takes control of a robot dog.

1221
01:23:17,460 --> 01:23:18,640
Did you see this, Keon?

1222
01:23:19,700 --> 01:23:20,300
No.

1223
01:23:21,300 --> 01:23:22,220
Well, apparently

1224
01:23:22,220 --> 01:23:25,020
robot dogs are coming.

1225
01:23:26,220 --> 01:23:26,540
Hmm.

1226
01:23:27,340 --> 01:23:28,760
And not only are they coming,

1227
01:23:29,660 --> 01:23:31,300
they're alive.

1228
01:23:32,080 --> 01:23:32,800
Look at this thing.

1229
01:23:33,240 --> 01:23:33,560
Whoa.

1230
01:23:34,180 --> 01:23:35,040
He can do flips.

1231
01:23:36,300 --> 01:23:37,880
Don't you want one for Christmas?

1232
01:23:37,880 --> 01:23:39,440
Look, they're only $16,000.

1233
01:23:39,920 --> 01:23:40,280
Yeah.

1234
01:23:40,980 --> 01:23:42,020
Only $16,000.

1235
01:23:42,520 --> 01:23:43,180
Don't you want one?

1236
01:23:43,400 --> 01:23:44,200
Just walking around.

1237
01:23:44,200 --> 01:23:44,840
in your office?

1238
01:23:45,080 --> 01:23:45,300
No.

1239
01:23:45,900 --> 01:23:46,160
No?

1240
01:23:46,280 --> 01:23:47,660
It's not ready for me.

1241
01:23:48,520 --> 01:23:50,100
I'm not really an early adopter.

1242
01:23:51,100 --> 01:23:52,560
Do you want one of those, Austin?

1243
01:23:55,780 --> 01:23:58,780
For that price, I could almost get an H100.

1244
01:23:59,880 --> 01:24:01,380
I mean, I might just do that instead.

1245
01:24:01,500 --> 01:24:02,300
That's kind of a dumb joke.

1246
01:24:02,540 --> 01:24:04,600
But yeah, no.

1247
01:24:04,840 --> 01:24:05,780
No, I'm not going to do that.

1248
01:24:06,880 --> 01:24:09,080
I'm trying to say I could get one GPU

1249
01:24:09,080 --> 01:24:10,680
that can run AI for that price.

1250
01:24:10,680 --> 01:24:14,440
what's in H100

1251
01:24:14,440 --> 01:24:15,820
I think there's AI

1252
01:24:15,820 --> 01:24:18,800
I think there's some form of like AI

1253
01:24:18,800 --> 01:24:20,300
processing being done

1254
01:24:20,300 --> 01:24:21,900
on the dog

1255
01:24:21,900 --> 01:24:24,600
right

1256
01:24:24,600 --> 01:24:26,020
because it

1257
01:24:26,020 --> 01:24:28,620
you tell it to do things but

1258
01:24:28,620 --> 01:24:30,620
it also has to use like its own

1259
01:24:30,620 --> 01:24:32,560
thinking in order to follow the commands

1260
01:24:32,560 --> 01:24:34,400
I like where you're going with this because the next story is

1261
01:24:34,400 --> 01:24:35,800
right where you're thinking Topher

1262
01:24:35,800 --> 01:24:37,740
and we'll go with that right now

1263
01:24:37,740 --> 01:24:39,900
so the next story I wanted to bring up which is

1264
01:24:39,900 --> 01:24:47,940
named after this show title is yon lacoon is leaving meta to launch an ai startup focused

1265
01:24:47,940 --> 01:24:54,680
on world models so this was big news so i'm not sure if you guys are you guys know what world

1266
01:24:54,680 --> 01:24:59,520
models are i'm almost certain you guys do because you're smarter than me but for the stackers at

1267
01:24:59,520 --> 01:25:07,300
home that might not know what more world models are um keon explain it my so my understanding of

1268
01:25:07,300 --> 01:25:14,060
A world model is an AI model that has the ability to think about the world kind of as a whole.

1269
01:25:14,060 --> 01:25:20,340
They think that LLMs actually create this unintentionally.

1270
01:25:20,460 --> 01:25:26,760
It's like a side effect of training them is that they develop an understanding of the world in order to be able to just predict the next word in a sentence.

1271
01:25:27,260 --> 01:25:27,800
Yeah, they call it.

1272
01:25:27,800 --> 01:25:33,760
That's my understanding of a world model is it's like a very smart model that is sort of, what would you call it?

1273
01:25:33,760 --> 01:25:34,900
You have to train it on everything.

1274
01:25:34,900 --> 01:25:40,640
It's like you dump like the entire internet into a model.

1275
01:25:41,040 --> 01:25:43,140
So it's like a model maybe without a purpose.

1276
01:25:45,680 --> 01:25:53,280
I just see like world model as like these are the general models that all the major companies are training.

1277
01:25:53,280 --> 01:26:00,000
So if I could interject, and I think where they're kind of going with this, and it kind of makes sense.

1278
01:26:00,000 --> 01:26:05,780
Like there's probably a limited amount of, let's just stick with the mountain analogy.

1279
01:26:06,280 --> 01:26:09,680
There's only so high you can go up the mountain with an LLM.

1280
01:26:10,360 --> 01:26:17,680
And I think the world model, at least from what this guy, he basically got ousted from Facebook because he wanted to do something completely different.

1281
01:26:17,780 --> 01:26:19,580
And he was shitting on LLMs basically.

1282
01:26:20,040 --> 01:26:20,540
Read the article.

1283
01:26:20,540 --> 01:26:27,840
But for what I understand, world models, it's using spatial technology.

1284
01:26:27,840 --> 01:26:30,340
It's using like cognitive ability.

1285
01:26:30,720 --> 01:26:31,700
And it,

1286
01:26:31,900 --> 01:26:34,040
from what he describes here,

1287
01:26:34,040 --> 01:26:37,100
it looks like it's going to have some sort of like,

1288
01:26:37,220 --> 01:26:37,320
well,

1289
01:26:37,340 --> 01:26:38,340
we saw with that dog,

1290
01:26:38,340 --> 01:26:44,180
it's going to have some sort of like neural engine of a sort that lives on

1291
01:26:44,180 --> 01:26:45,700
the actual robot itself.

1292
01:26:45,980 --> 01:26:50,180
So basically it's going to have objective reasoning and some sort of

1293
01:26:50,180 --> 01:26:51,180
senses to it.

1294
01:26:51,180 --> 01:26:53,620
And then it's going to be a general purpose model,

1295
01:26:53,760 --> 01:26:55,820
but like it's going to need for navigating the world.

1296
01:26:56,120 --> 01:26:56,260
Yes.

1297
01:26:56,260 --> 01:27:04,020
So like you or me, we like walk around and we see all this reality and we know exactly like, oh, if I hit this, it's going to spill.

1298
01:27:04,240 --> 01:27:08,780
If I do this, if I smell this, like, but we also have purpose and directive.

1299
01:27:09,020 --> 01:27:12,800
We have senses and there's objective reasoning around what we're doing.

1300
01:27:13,000 --> 01:27:17,660
And so the world models from what this guy is trying to do is is more of that.

1301
01:27:17,940 --> 01:27:20,460
But they're saying like this is like a decade out.

1302
01:27:20,840 --> 01:27:22,720
And the only thing that I can understand.

1303
01:27:23,060 --> 01:27:23,640
Oh, I see.

1304
01:27:23,640 --> 01:27:27,040
the only thing i can understand is kind of like did you ever see ex machina

1305
01:27:27,040 --> 01:27:31,340
remember where they put her in a closed environment and they had her like in a

1306
01:27:31,340 --> 01:27:37,160
black box basically and she had like some sort of thing and she was talking to that guy because the

1307
01:27:37,160 --> 01:27:43,620
guy got her in front of a real human and then he was doing like a turing test on her yeah and then

1308
01:27:43,620 --> 01:27:49,880
and then eventually like her directive was just to like escape basically but what was interesting

1309
01:27:49,880 --> 01:27:55,080
about that is she was she was doing all the spatial recognition and she was doing all this

1310
01:27:55,080 --> 01:28:01,300
kind of world modeling in a controlled environment and i think that's kind of what at least my

1311
01:28:01,300 --> 01:28:06,680
understanding is kind of what he's building is something that has an on neural engine of us or

1312
01:28:06,680 --> 01:28:11,560
something like that but how you get there i don't know but i think it's freaking cool go for it

1313
01:28:11,560 --> 01:28:19,360
okay i personally i i think this is marketing bs and framing like okay what's not bs is the idea

1314
01:28:19,360 --> 01:28:26,460
that, okay, let's talk about world model first of all. Already the biggest models, the models

1315
01:28:26,460 --> 01:28:33,080
that are competing on the very edge, your CLODs, your GPT-5s, they are already world models in the

1316
01:28:33,080 --> 01:28:38,380
sense that they are absorbing literally every, well, first of all, they absorbed all of the data

1317
01:28:38,380 --> 01:28:44,260
that they could get. That's like GPT-3.5. Then they started parsing out some of the bad and useless

1318
01:28:44,260 --> 01:28:48,940
data, but right, they're still absorbing all the data they can. And we call them large language

1319
01:28:48,940 --> 01:28:53,740
models because it's only language okay so already these models are trying to be world models

1320
01:28:54,460 --> 01:28:58,460
but what they're speaking to here that's real is that oh but we need to

1321
01:28:59,580 --> 01:29:09,820
give it more kinds of data visual data auditory data spatial data it's still words yeah it's still

1322
01:29:09,820 --> 01:29:15,180
words so like it's just it's like oh we're gonna do we're gonna train a model just like we were

1323
01:29:15,180 --> 01:29:20,520
before but we'll just add new data that's that's not interesting that's just like fancy marketing

1324
01:29:20,520 --> 01:29:28,120
framing but then like i think where this does get interesting is where you embody the the reasoning

1325
01:29:28,120 --> 01:29:33,740
right because you have this llm it's making decisions based off like instructions it's given

1326
01:29:33,740 --> 01:29:40,360
can gather its own data it's like kind of yeah yes if it's embodied if it's in that dog or if it's

1327
01:29:40,360 --> 01:29:41,760
and even just a sensor.

1328
01:29:41,900 --> 01:29:43,340
It's going to need some sort of like

1329
01:29:43,340 --> 01:29:45,620
computer engine, right?

1330
01:29:45,720 --> 01:29:46,700
Or some sort of like,

1331
01:29:46,740 --> 01:29:47,540
it's going to need a big,

1332
01:29:47,720 --> 01:29:49,820
it says developing world models

1333
01:29:49,820 --> 01:29:51,260
based on spatial data

1334
01:29:51,260 --> 01:29:53,360
versus text.

1335
01:29:54,080 --> 01:29:56,720
Exactly, but spatial data is text.

1336
01:29:57,220 --> 01:29:57,340
Yeah.

1337
01:29:57,380 --> 01:29:58,220
Like it's still a lot,

1338
01:29:58,280 --> 01:29:59,580
it's the same thing.

1339
01:30:00,120 --> 01:30:00,580
And it's like,

1340
01:30:00,660 --> 01:30:01,140
it's not,

1341
01:30:01,340 --> 01:30:03,220
because they're talking about world model.

1342
01:30:03,320 --> 01:30:05,100
The model is the brain, right?

1343
01:30:05,100 --> 01:30:06,480
What would be interesting

1344
01:30:06,480 --> 01:30:07,300
or groundbreaking

1345
01:30:07,300 --> 01:30:09,920
is if it's actually being put

1346
01:30:09,920 --> 01:30:13,360
into an embodied thing or into a sensor.

1347
01:30:13,480 --> 01:30:13,940
It's not.

1348
01:30:14,280 --> 01:30:16,780
They're just like, oh, we're going to put different data into it now

1349
01:30:16,780 --> 01:30:17,840
and teach it how to parse.

1350
01:30:17,840 --> 01:30:22,380
You can already teach Claude how to parse any of these data formats,

1351
01:30:22,580 --> 01:30:24,040
and it can do it very intelligibly.

1352
01:30:24,480 --> 01:30:25,380
And how does it do it?

1353
01:30:25,700 --> 01:30:27,140
It does it with language and code.

1354
01:30:27,500 --> 01:30:30,840
That's how any of these models will interpret it.

1355
01:30:32,000 --> 01:30:36,440
So it's just like, and maybe I'm missing something here.

1356
01:30:36,640 --> 01:30:39,200
I don't think the visual data is necessarily text.

1357
01:30:39,200 --> 01:30:44,140
I think in a lot of cases, they end up turning it into something that resembles text or tokens.

1358
01:30:44,700 --> 01:30:50,340
But I think there are new models that actually take text and turn it into images and then feed that into that as the input into the model.

1359
01:30:50,900 --> 01:30:59,560
So it's like, like technically when we look like if I can see an image on a screen, we could say, oh, it's actually text because I can encode it as text if we want to.

1360
01:30:59,700 --> 01:31:02,680
But I'm not I'm pretty sure they don't mean that.

1361
01:31:02,840 --> 01:31:03,300
I'm pretty sure.

1362
01:31:03,620 --> 01:31:04,440
I mean, I don't know.

1363
01:31:04,500 --> 01:31:05,100
Maybe he is just.

1364
01:31:05,100 --> 01:31:08,200
Well, it is getting encoded and decoded as,

1365
01:31:08,560 --> 01:31:10,460
or sorry, encoded as text every time.

1366
01:31:10,540 --> 01:31:12,920
Like the LLM is parsing.

1367
01:31:13,360 --> 01:31:16,120
I don't think he's saying that he's using an LLM even.

1368
01:31:16,460 --> 01:31:18,360
I don't think people who are thinking about,

1369
01:31:18,520 --> 01:31:20,020
who are using words like word models

1370
01:31:20,020 --> 01:31:21,560
and who are running meta stuff will,

1371
01:31:23,140 --> 01:31:25,560
and they're thinking they're going to do something different than meta

1372
01:31:25,560 --> 01:31:27,800
are going to just go and use another LLM.

1373
01:31:27,940 --> 01:31:32,180
I think he's likely going to be exploring other models that use,

1374
01:31:32,180 --> 01:31:35,000
the input is like, it is visual data,

1375
01:31:35,120 --> 01:31:36,000
it is sensor data,

1376
01:31:36,440 --> 01:31:37,880
or things like that.

1377
01:31:38,840 --> 01:31:40,980
That isn't trans-encoded in a text.

1378
01:31:42,020 --> 01:31:42,880
Calling them useful

1379
01:31:42,880 --> 01:31:44,940
but fundamentally limiting their ability to reason

1380
01:31:44,940 --> 01:31:45,860
and playing like humans.

1381
01:31:46,820 --> 01:31:48,580
I mean, we've had other models that

1382
01:31:48,580 --> 01:31:51,140
don't use the LLM

1383
01:31:51,140 --> 01:31:52,900
kind of transformer.

1384
01:31:53,340 --> 01:31:54,620
I think you're right about the marketing.

1385
01:31:54,800 --> 01:31:56,940
I think you're 100% right, which is why I fell

1386
01:31:56,940 --> 01:31:58,140
into a click-like sinker.

1387
01:31:58,560 --> 01:32:00,700
But I think the idea that

1388
01:32:00,700 --> 01:32:05,980
there's somebody actually now trying to chase after this world modeling and it kind of falls

1389
01:32:05,980 --> 01:32:10,100
into the whole spatial computing thing that's coming out next year right with like meta with

1390
01:32:10,100 --> 01:32:17,280
snapchat with google it's why everybody's chasing that robo taxi it's why all that is important

1391
01:32:17,280 --> 01:32:23,320
right now um so it falls right in line with all that kind of money that's being thrown into the

1392
01:32:23,320 --> 01:32:30,640
sectors yeah i guess the point that i'm making is the model or whatever the world model is

1393
01:32:30,640 --> 01:32:38,880
not looking at pixels with eyes it is not perceiving through what we would consider senses

1394
01:32:38,880 --> 01:32:44,620
therefore the only thing it can perceive through is data that has been fed through as tokens

1395
01:32:44,620 --> 01:32:50,020
let me pitch you something though like you remember the wacom tablet like that was x and y

1396
01:32:50,020 --> 01:32:59,280
accesses no i don't know what that's what x and y coordinates the wacom the wacom tablet

1397
01:32:59,280 --> 01:33:06,100
is x and y coordinates according to car oh oh i haven't looked into the technology in like

1398
01:33:06,100 --> 01:33:11,280
20 years but that's like that was probably a different input first or than a sort of data

1399
01:33:11,280 --> 01:33:18,160
input then um kind of to give a to give a to give a push back to austin state uh-huh

1400
01:33:18,160 --> 01:33:25,840
i i well early ai models were visual like they they were looking llms came later yeah

1401
01:33:25,840 --> 01:33:33,680
yeah so i don't know i don't know they're visual but it's all getting parsed down into data text

1402
01:33:33,680 --> 01:33:39,920
data data right so i think that yeah like so like classifiers yeah i'm saying text but like all i

1403
01:33:39,920 --> 01:33:46,800
mean is like it's character label oh data it's data yeah i think i can kind of see like what

1404
01:33:46,800 --> 01:33:53,040
they're getting at here it's like so what was cool about llms is that by doing like this simple

1405
01:33:53,040 --> 01:33:58,620
thing of trying to predict the next word you sort of build this like model that has this insight

1406
01:33:58,620 --> 01:34:03,980
yeah uh and and we're not quite sure where that insight comes from like how you go from

1407
01:34:03,980 --> 01:34:07,980
something so simple like predicting the next word into like having all this deep insight about

1408
01:34:07,980 --> 01:34:15,260
humanity just through their language yeah um but like there's humans are just one animal there's

1409
01:34:15,260 --> 01:34:20,520
many other animals that don't have language but they do have some sort of insight that they glean

1410
01:34:20,520 --> 01:34:26,660
from just existing in the world and so is there a way that you can get insight without language

1411
01:34:26,660 --> 01:34:32,460
uh and then like how would you approach that so it could even be four-dimensional because you can

1412
01:34:32,460 --> 01:34:37,120
be looking across time maybe i'm a little fuzzy but hear me out it's like i think this whole

1413
01:34:37,120 --> 01:34:45,560
segment has been one too many pacificos where they yeah four dimensions i don't know there's

1414
01:34:45,560 --> 01:34:49,280
some interesting things that you can do because like yeah it's just a problem that you have to

1415
01:34:49,280 --> 01:34:54,520
figure out it's it's just uh be creative enough to figure out how to solve that problem it's not

1416
01:34:54,520 --> 01:35:02,140
an unsolvable problem that's what's foolish about it yeah the idea is what's like to me the idea is

1417
01:35:02,140 --> 01:35:08,940
interesting because it's like that's that's i think that's the thing there it could also just

1418
01:35:08,940 --> 01:35:14,620
be a marketing ploy sure but we're doing this i mean probably nobody thought of before give us

1419
01:35:14,620 --> 01:35:20,660
money like it's the same like you you could see a world where it could be a controlled environment

1420
01:35:20,660 --> 01:35:27,340
with a trashcan robot making decisions for himself with the directive and understanding

1421
01:35:27,340 --> 01:35:29,840
spatial recognition around that controlled environment

1422
01:35:29,840 --> 01:35:38,620
yeah it's basically a Roomba i just can't i just can't get past Roomba is amazing

1423
01:35:38,620 --> 01:35:45,400
yeah yeah Roomba's try to build like a spatial understanding of its environment

1424
01:35:45,400 --> 01:35:53,120
I just can't get over like and maybe this is the stupidest point to have I just can't get over the

1425
01:35:53,120 --> 01:35:59,660
point that's like yeah you can give it a sensor that is a camera you can give it a sensor that

1426
01:35:59,660 --> 01:36:09,640
listens but the the brain the model is parsing data and so right and then how and then the

1427
01:36:09,640 --> 01:36:16,240
question is how does it parse how does it chunk and how does it weight that data right and does

1428
01:36:16,240 --> 01:36:22,380
it use any additional tools when you give it when i give it spatial data maybe before it just takes

1429
01:36:22,380 --> 01:36:28,120
that into the model it'll run a tool to like simulate the space in like a software environment

1430
01:36:28,120 --> 01:36:31,860
and try and have a more intelligible model of the spatial data, right?

1431
01:36:32,100 --> 01:36:33,560
But guess what? Still...

1432
01:36:33,560 --> 01:36:35,100
It turns into text at the end.

1433
01:36:35,100 --> 01:36:39,000
It turns into text, and then it's like the model is still doing the same thing.

1434
01:36:39,100 --> 01:36:41,180
You're just like pre-processing it a bunch

1435
01:36:41,180 --> 01:36:44,320
and then giving it different kinds of data and teaching it how to pre-process it.

1436
01:36:44,600 --> 01:36:46,880
But it's still just doing the same LLM thing.

1437
01:36:47,420 --> 01:36:48,980
Give me the tokens, I'll predict the next ones.

1438
01:36:48,980 --> 01:36:52,020
So, what the stackers posted this inside the show notes,

1439
01:36:52,100 --> 01:36:53,580
and I wanted to read this later, but...

1440
01:36:53,580 --> 01:36:54,180
Oh, here we go.

1441
01:36:54,180 --> 01:36:59,180
I'm saying world models are an old idea in AI mounting a comeback.

1442
01:37:01,440 --> 01:37:08,980
And this was in the show notes.

1443
01:37:10,100 --> 01:37:11,340
Let me see if I can find it.

1444
01:37:12,620 --> 01:37:13,960
Somebody talk while I find this.

1445
01:37:15,040 --> 01:37:17,300
Well, I don't know what to say about these things

1446
01:37:17,300 --> 01:37:19,380
because I don't really spend a lot of time on this stuff.

1447
01:37:19,380 --> 01:37:29,300
But I think not everything boils down to an LLM, I think, is maybe something that resembles a neural network that has a lot of layers.

1448
01:37:29,620 --> 01:37:32,320
I think that is generically what it boils down to.

1449
01:37:32,360 --> 01:37:36,520
But we could also boil our brains down to that, more or less.

1450
01:37:37,060 --> 01:37:38,840
These models are attempting to model our brains.

1451
01:37:38,980 --> 01:37:41,840
So I just don't get the point where it's like, it's only data.

1452
01:37:42,020 --> 01:37:46,180
It's like, well, we are perceiving only data and only processing data.

1453
01:37:46,180 --> 01:37:51,940
By the time the light that hits our eyes gets into our brain, it's pretty easy to imagine that just as data.

1454
01:37:53,500 --> 01:37:56,260
So it's like, I don't get why that's the point.

1455
01:37:56,520 --> 01:37:58,940
Well, they're not doing anything new.

1456
01:37:59,140 --> 01:38:01,240
They're still taking in data and predicting the next time.

1457
01:38:01,240 --> 01:38:05,000
So this is where he says right here, this is what clued me into the thing.

1458
01:38:06,120 --> 01:38:16,020
Today's generative AIs appear to learn bags of heuristics, scores of disconnected rules of thumb that can approximate responses to specific scenarios, but don't cohere into a consistent whole.

1459
01:38:16,840 --> 01:38:18,580
Some may actually contradict each other.

1460
01:38:18,680 --> 01:38:21,760
It's a lot like a parable of the blind man and the elephant,

1461
01:38:21,760 --> 01:38:25,940
where each man only touches one part of the animal at a time

1462
01:38:25,940 --> 01:38:28,480
and fails to apprehend its full form.

1463
01:38:29,120 --> 01:38:32,340
One man feels a trunk and assumes the entire elephant is snake-like.

1464
01:38:32,440 --> 01:38:35,020
Another touches a leg and guesses it's more like a tree.

1465
01:38:35,460 --> 01:38:37,820
A third grasps the elephant's tail and says it's a rope.

1466
01:38:38,420 --> 01:38:42,960
When researchers attempt to recover evidence of a world model from within an LLM,

1467
01:38:42,960 --> 01:38:47,040
for example, coherent computational representation of an Othello game board.

1468
01:38:47,160 --> 01:38:48,440
They're looking for a whole elephant,

1469
01:38:48,920 --> 01:38:50,580
but they find instead as a bit of a snake here,

1470
01:38:50,620 --> 01:38:52,060
a chunk of tree there and some rope.

1471
01:38:52,840 --> 01:38:56,580
So I think, I think in that scenario, it kind of makes sense, Austin,

1472
01:38:56,720 --> 01:38:59,880
that the LLMs aren't going to be able to grab everything.

1473
01:39:00,120 --> 01:39:02,940
It looks like it's going to be a big part of it,

1474
01:39:03,000 --> 01:39:07,280
but I think this world model is a idea worth pursuing.

1475
01:39:07,520 --> 01:39:10,140
That's at least that's where I come on it. Basically is what I'm saying.

1476
01:39:10,140 --> 01:39:15,900
i mean i feel i i just once again i just don't see the differentiation like i can do the othello

1477
01:39:15,900 --> 01:39:22,040
game with an llm and then what would i do is i would take the best large language model and i

1478
01:39:22,040 --> 01:39:26,720
would pre-process the data i would give it a framework for looking at the data as a whole

1479
01:39:26,720 --> 01:39:33,620
picture um like this is just how you have good results with llms is like i'm going to give you

1480
01:39:33,620 --> 01:39:40,100
a narrow but full scoped model of the world teach you how to perceive it and then give you data

1481
01:39:40,100 --> 01:39:41,480
and kind of test you in that world.

1482
01:39:41,620 --> 01:39:43,400
Like, all they're saying is like,

1483
01:39:43,460 --> 01:39:46,020
oh, well, if I ask Claude about this random principle

1484
01:39:46,020 --> 01:39:48,120
and then this random principle, it'll contradict itself.

1485
01:39:48,180 --> 01:39:51,160
It's like, yeah, but you can give Claude or ChatGPT,

1486
01:39:51,260 --> 01:39:53,720
like, you can go do the pre-processing it

1487
01:39:53,720 --> 01:39:56,240
to give it a world, right?

1488
01:39:56,320 --> 01:39:57,500
Like, basically my argument,

1489
01:39:57,640 --> 01:40:00,880
I think you could turn Claude or ChatGPT

1490
01:40:00,880 --> 01:40:01,800
into a world model.

1491
01:40:02,060 --> 01:40:05,300
And then we wouldn't be able to tell the difference

1492
01:40:05,300 --> 01:40:09,660
between my vibe, you know, pleb hacked world model

1493
01:40:09,660 --> 01:40:11,260
and then Meta's world model.

1494
01:40:11,360 --> 01:40:13,560
Really, you think if someone went about

1495
01:40:13,560 --> 01:40:15,960
to create a world model and created a new architecture

1496
01:40:15,960 --> 01:40:17,700
and didn't, which was

1497
01:40:17,700 --> 01:40:19,840
distinct from LLMs, they couldn't

1498
01:40:19,840 --> 01:40:21,660
produce a world model

1499
01:40:21,660 --> 01:40:23,620
more efficiently that had greater

1500
01:40:23,620 --> 01:40:25,500
resolution, better predictive power, etc.

1501
01:40:26,020 --> 01:40:27,040
Like, obviously,

1502
01:40:27,340 --> 01:40:29,900
I can't imagine you think that LLMs

1503
01:40:29,900 --> 01:40:31,760
are like the terminus, and there

1504
01:40:31,760 --> 01:40:33,840
is going to be nothing better than an LLM

1505
01:40:33,840 --> 01:40:35,780
out there, and everything reduces to an LLM.

1506
01:40:36,160 --> 01:40:37,880
No, I don't. Which, that's what I would be

1507
01:40:37,920 --> 01:40:42,220
for is like a whole new architecture it's like well i think here's an architecture that takes

1508
01:40:42,220 --> 01:40:49,260
into account a broad set of data um and doesn't do the same kind of weighting that happens in like

1509
01:40:49,260 --> 01:40:54,900
your regular neural net well i would guess someone who's at the bleeding edge leading meta leading

1510
01:40:54,900 --> 01:41:02,700
at meta is doing such a thing right like i don't know any more than me i'm just like absolutely and

1511
01:41:02,700 --> 01:41:06,400
like that's what i would be looking for but like i've been hearing about world models for the last

1512
01:41:06,400 --> 01:41:11,060
three days and i'm like okay but what's the thing i'm waiting to hear the net like the new thing

1513
01:41:11,060 --> 01:41:15,660
some acronym or some new training process or some new i think they're looking for they're probably

1514
01:41:15,660 --> 01:41:20,440
seeking it and they don't have it yet and i think they're researching it maybe yeah well so there's

1515
01:41:20,440 --> 01:41:24,940
already a lot of research into this and i think it was done with video games like video games had a

1516
01:41:24,940 --> 01:41:29,460
certain type of algorithm that they would use to build models that are different from llms

1517
01:41:29,460 --> 01:41:34,800
and they would they would do this through uh it's called like a genetic algorithm with a fitness

1518
01:41:34,800 --> 01:41:38,660
function and the fitness function would be like whether you pass the game or live or die within

1519
01:41:38,660 --> 01:41:44,040
the game. And so through many iterations, you could train a model to learn the game and understand

1520
01:41:44,040 --> 01:41:49,120
the game world. Yeah. So it understands like a model of the world that it's living in.

1521
01:41:49,800 --> 01:41:55,860
But, um, I mean, that's, but it's based upon inputs and outputs. And like, you can't just

1522
01:41:55,860 --> 01:42:05,220
like give like you can beam the whole game into the model as an input but at some point you it

1523
01:42:05,220 --> 01:42:09,140
like that's not it's too much data like you're just not going to get a good output so you have

1524
01:42:09,140 --> 01:42:14,520
to refine it down once you start refining it down you start labeling things you start classifying

1525
01:42:14,520 --> 01:42:20,000
things and then you get into like using text to have these text representations of larger concepts

1526
01:42:20,000 --> 01:42:25,020
in order to refine the model and actually get a better output out of it so and look at what open

1527
01:42:25,020 --> 01:42:33,640
ai was doing in 2018 and 2019 like very very hard i think that was gpt3 they were working on like

1528
01:42:33,640 --> 01:42:40,900
what is it league of legends and start like all of these very complicated mobas and building models

1529
01:42:40,900 --> 01:42:46,560
to play with it well they even have like 3d worlds where they they simulate the physics

1530
01:42:46,560 --> 01:42:54,420
of a real world and then they put the the um the avatars in the world that are run by like uh that

1531
01:42:54,420 --> 01:42:58,580
that are being controlled by a model and seeing how they perform,

1532
01:42:58,760 --> 01:43:01,740
how they interact with each other, how they interact within the world.

1533
01:43:02,620 --> 01:43:06,220
So it's not, it's like, this, it's not like this hasn't been done before.

1534
01:43:07,280 --> 01:43:08,380
And so there's like a,

1535
01:43:08,600 --> 01:43:11,440
there's a lot of models that are trained just through spatial data,

1536
01:43:11,800 --> 01:43:13,660
whether it's like real or virtual.

1537
01:43:14,380 --> 01:43:18,180
So I guess, yeah. Like what is like the new thing that they're doing?

1538
01:43:19,340 --> 01:43:22,800
Or they are like, yeah, like this isn't a new concept.

1539
01:43:22,800 --> 01:43:28,500
so like what are they yeah what's the new paradigm that is better than lm i think that's that's like

1540
01:43:28,500 --> 01:43:34,080
austin's point distilled right like you you haven't seen evidence of a new paradigm that is better than

1541
01:43:34,080 --> 01:43:40,300
lm that would produce a different yeah result yeah and i mean i'm i'm ignorant i'm ignorant to it and

1542
01:43:40,300 --> 01:43:45,120
i'm ignorant to a lot of like the stuff that's going on in in the ai world but i have a very

1543
01:43:45,120 --> 01:43:51,480
simple model for how this stuff works and uh you know i feel like people are over complicating it

1544
01:43:51,480 --> 01:43:52,620
and when they overcomplicate it,

1545
01:43:52,680 --> 01:43:54,180
they lose the fact that it's like,

1546
01:43:54,400 --> 01:43:55,860
we have a neural net with weights.

1547
01:43:56,240 --> 01:43:57,640
It's just predicting the next token.

1548
01:43:58,160 --> 01:43:58,740
And that's still,

1549
01:43:58,840 --> 01:44:01,120
we can talk about training processes and data sets

1550
01:44:01,120 --> 01:44:02,700
and human reinforced learning

1551
01:44:02,700 --> 01:44:04,420
and all the fancy shit they're doing

1552
01:44:04,420 --> 01:44:05,440
to make those models better.

1553
01:44:05,540 --> 01:44:07,860
But that's what the best model in the world is still doing.

1554
01:44:08,440 --> 01:44:12,720
That's what made AI blow up with GPT 3.5.

1555
01:44:12,720 --> 01:44:16,000
It's really been, at a high level, it's the same thing.

1556
01:44:18,220 --> 01:44:19,520
So, yeah, I don't know.

1557
01:44:20,900 --> 01:44:21,340
Good.

1558
01:44:21,480 --> 01:44:30,700
stuff i knew this this post was going to be a conversation um that's all the show we got today

1559
01:44:30,700 --> 01:44:35,220
ladies and gentlemen we're going to jump into oh wait we got a new micropayment engine what is this

1560
01:44:35,220 --> 01:44:43,120
key on oh yeah i i talked about this a while ago i think but uh basically it's i redid stacker

1561
01:44:43,120 --> 01:44:49,000
news's guts uh we we had to redo a lot of stuff for the non-custodial switch and a lot of it was

1562
01:44:49,000 --> 01:44:58,760
tacked in and this basically reboils it into a coherent stew of code that does everything that

1563
01:44:58,760 --> 01:45:03,260
we want it to. That's best I can. That's a stew there. And you see the middle, that's where it's

1564
01:45:03,260 --> 01:45:12,020
all mixed up good. And it's a seven set Venn diagram. So, you know, like most Venn diagrams

1565
01:45:12,020 --> 01:45:17,620
are like two set Venn diagrams. That's a seven set one. But like I use that like that's how I

1566
01:45:17,620 --> 01:45:22,180
kind of think of requirements like software requirements is your like when you're designing

1567
01:45:22,180 --> 01:45:27,060
a system you have all these requirements and those are like different colors and then the overlap is

1568
01:45:27,060 --> 01:45:34,420
like the is the thing you end up building because it meets all the requirements um yeah but that's

1569
01:45:34,420 --> 01:45:38,960
basically what this new system does is it handles all of our non-custodial stuff or custodial stuff

1570
01:45:38,960 --> 01:45:45,660
it handles um you know the determining if a payment failed determine if exceeded retries

1571
01:45:45,660 --> 01:45:50,780
blah blah blah blah and then all the side effects that you would normally expect of anything you do

1572
01:45:50,780 --> 01:45:59,060
on a website yeah so it does all that um and then does a bunch of accounting uh you can actually car

1573
01:45:59,060 --> 01:46:05,940
go to your statistics you've been busy that was that took several months uh it was a pain what am

1574
01:46:05,940 --> 01:46:14,580
i gonna see here uh with tests with which i just vibed uh and and the migrations i would guess it's

1575
01:46:14,580 --> 01:46:15,960
Zero net lines of code, actually.

1576
01:46:16,580 --> 01:46:18,000
That would be my guess.

1577
01:46:18,100 --> 01:46:22,420
I need to actually do the measurement of it, but it was 15,000 lines.

1578
01:46:22,940 --> 01:46:24,620
Hey, that's the Bitcoin ecosystem right there.

1579
01:46:24,620 --> 01:46:24,960
I would get zero net.

1580
01:46:25,200 --> 01:46:26,060
That's the Bitcoin ecosystem.

1581
01:46:27,900 --> 01:46:32,000
Yeah, so if you click on one of your – go up a little bit.

1582
01:46:32,920 --> 01:46:35,480
Go to one where it has a lot of entries on the right-hand side.

1583
01:46:35,480 --> 01:46:36,200
See that one there?

1584
01:46:36,500 --> 01:46:37,680
AR, that one.

1585
01:46:37,740 --> 01:46:38,220
Click on that.

1586
01:46:39,180 --> 01:46:39,980
So if you scroll down.

1587
01:46:40,180 --> 01:46:41,520
Whoa, dude, you did this?

1588
01:46:41,720 --> 01:46:42,360
Yeah, so scroll down.

1589
01:46:42,400 --> 01:46:43,620
So scroll down so we can see it.

1590
01:46:43,620 --> 01:46:52,180
let's log and go huh oh it doesn't go any farther down uh it might break it it might it might crash

1591
01:46:52,180 --> 01:46:57,560
everything oh okay anyway but like yeah so this is like all the we're you know this is all the

1592
01:46:57,560 --> 01:47:05,080
this is all the stuff now it's like very fine very fine accounting detail of uh everything

1593
01:47:05,080 --> 01:47:10,920
that's happening where money is going and coming from finally this is for a post this is for a

1594
01:47:10,920 --> 01:47:16,040
transaction this is for a transaction so this is when he posted this he paid this much with cc i

1595
01:47:16,040 --> 01:47:19,960
always wondered that i was non-custodial i always wondered like what were you doing back there in the

1596
01:47:19,960 --> 01:47:25,800
in the back room yeah and now it's good to know the red thing is is a non-custodial payment

1597
01:47:27,000 --> 01:47:30,520
so he made these he paid with a little bit with cowboy credits he had a little bit of

1598
01:47:30,520 --> 01:47:35,160
cow cards he had a little bit of roared sets probably from his territory this is awesome

1599
01:47:35,160 --> 01:47:40,520
and then he paid a he paid an in a small lightning invoice and that right here uh that's all the way

1600
01:47:40,520 --> 01:47:45,460
to the right oh so the inputs are at the top the inputs at the top the outputs are at the bottom

1601
01:47:45,460 --> 01:47:52,800
and you can see the split went to rewards that's really cool man went to the his the territory that

1602
01:47:52,800 --> 01:47:58,040
he posted it so the green is was that already in his wallet that was reward set so that was like

1603
01:47:58,040 --> 01:48:02,680
either territory revenue or from rewards that he had so this is like three from what we could see

1604
01:48:02,680 --> 01:48:07,500
three inputs two outputs three inputs two outputs but we can have potentially seven outputs i think

1605
01:48:07,500 --> 01:48:12,360
is the maximum we can have because you would have to forward you would have to do five forwards on

1606
01:48:12,360 --> 01:48:18,820
your post how far does it go back to rewards pool and then we go to the terror how fast does it go

1607
01:48:18,820 --> 01:48:25,040
back to that would be seven yeah but it can have our it can have in outputs really um but the main

1608
01:48:25,040 --> 01:48:33,520
point is like all this is the detail is very high like and precise to the millisat um so that we can

1609
01:48:33,520 --> 01:48:49,694
do really weird we can start messing around with the incentives a lot more reliably because we like have this much detail to kind of fine tune That cool man I didn even i never looked at the statistics stuff yeah this is i mean a lot of people it also keeps a running tally of like the effect on your balances and stuff um

1610
01:48:49,694 --> 01:48:59,154
wow look at that shows when i'm awake so do you when you are invoiced um it's usually when i'm

1611
01:48:59,154 --> 01:49:03,574
on stacker news does it spend the cowboy credits first like first it'll spend your cowboy credits

1612
01:49:03,574 --> 01:49:04,494
And then whatever, yeah.

1613
01:49:04,794 --> 01:49:07,414
Then your wallet balance, then whatever's not covered,

1614
01:49:07,614 --> 01:49:09,434
it'll invoice you for that specifically?

1615
01:49:09,594 --> 01:49:12,714
Yeah, you don't pay it, then it'll refund the cowboy credits.

1616
01:49:12,954 --> 01:49:14,654
I just wondered how much I spent here.

1617
01:49:15,314 --> 01:49:16,274
Oh, look at that.

1618
01:49:16,294 --> 01:49:16,814
It's a lot.

1619
01:49:17,154 --> 01:49:18,654
It was a lot.

1620
01:49:18,674 --> 01:49:19,474
I spent a lot this week.

1621
01:49:19,494 --> 01:49:21,054
But it's actually pretty manageable.

1622
01:49:21,054 --> 01:49:28,474
The code is actually not too complicated, surprisingly.

1623
01:49:29,574 --> 01:49:30,914
That's really cool, Keon.

1624
01:49:30,974 --> 01:49:31,754
I like this.

1625
01:49:31,974 --> 01:49:32,354
Yeah.

1626
01:49:32,354 --> 01:49:36,614
it's mostly it's mostly a parody with what the product it's actually not that exciting because

1627
01:49:36,614 --> 01:49:42,094
mostly a parody with what the product was before now i see why it's a venn diagram yeah uh but the

1628
01:49:42,094 --> 01:49:45,714
main the main point is like this allow this will allow us to do a lot of the things that we've

1629
01:49:45,714 --> 01:49:48,994
already planned like how do we how do we allow you to cross post between multiple territories

1630
01:49:48,994 --> 01:49:54,794
three territory founders need to be paid oh now you know how and yeah how am i gonna we have to do

1631
01:49:54,794 --> 01:49:59,934
all these like the foundation first before you're doing the yeah look at something maybe all those

1632
01:49:59,934 --> 01:50:01,954
splits are non-custodial.

1633
01:50:02,014 --> 01:50:04,014
You're laying the bass and the drums before you're putting

1634
01:50:04,014 --> 01:50:05,454
in the... Now you're ready for

1635
01:50:05,454 --> 01:50:07,094
being a Hollywood accountant.

1636
01:50:07,754 --> 01:50:07,974
Yes.

1637
01:50:09,474 --> 01:50:10,734
I mean, who knows if

1638
01:50:10,734 --> 01:50:13,654
the crazy stuff we want to do lands,

1639
01:50:13,814 --> 01:50:15,934
but we're at least to be able to do it

1640
01:50:15,934 --> 01:50:17,314
now without losing people's mind.

1641
01:50:17,314 --> 01:50:18,454
This is cool stuff, man.

1642
01:50:19,214 --> 01:50:21,414
Good job. Yeah, that's it.

1643
01:50:21,414 --> 01:50:23,454
You're like revolutionizing royalties

1644
01:50:23,454 --> 01:50:25,814
without even realizing it.

1645
01:50:25,814 --> 01:50:28,094
Yeah, go for it.

1646
01:50:28,094 --> 01:50:32,354
I think this is less of a call to action,

1647
01:50:32,454 --> 01:50:32,874
a key on,

1648
01:50:33,014 --> 01:50:34,314
cause he's just not this kind of guy,

1649
01:50:34,414 --> 01:50:36,514
but you know,

1650
01:50:36,614 --> 01:50:40,074
where the Bitcoin designers like this,

1651
01:50:40,234 --> 01:50:41,154
this needs to be covered.

1652
01:50:41,274 --> 01:50:42,254
I think this is really,

1653
01:50:42,414 --> 01:50:43,494
really cutting edge.

1654
01:50:43,634 --> 01:50:44,074
Interesting.

1655
01:50:45,034 --> 01:50:48,534
Both like UI and the way,

1656
01:50:48,534 --> 01:50:51,594
the way that you're solving your problem with cowboy credits.

1657
01:50:51,594 --> 01:50:55,534
And then the way that you account for it all deal with like royalty payouts,

1658
01:50:56,154 --> 01:50:57,254
like Topher saying,

1659
01:50:57,254 --> 01:50:58,654
but we're also dealing with lightning.

1660
01:50:59,014 --> 01:51:03,954
We're also dealing at the limits of where lightning goes from custodial,

1661
01:51:04,434 --> 01:51:09,074
basically credits on a platform to non-custodial real wallets,

1662
01:51:09,194 --> 01:51:11,154
real money movements.

1663
01:51:12,254 --> 01:51:12,794
And I don't know.

1664
01:51:12,934 --> 01:51:13,514
That's really cool.

1665
01:51:13,774 --> 01:51:17,414
Like I see lots of like, I don't know, Bitcoin designers,

1666
01:51:17,554 --> 01:51:21,514
like look at this stupid new transaction element on this wallet you've never

1667
01:51:21,514 --> 01:51:21,874
heard of.

1668
01:51:22,334 --> 01:51:22,894
And it's like, bro,

1669
01:51:22,894 --> 01:51:29,154
stacker news is out here shipping like some true zero to one uh you know i don't know transaction

1670
01:51:29,154 --> 01:51:34,974
insights and accounting um i don't know i just feel it feels really powerful and it feels something

1671
01:51:34,974 --> 01:51:38,814
about it feels generic even though i know it's very specific to stacker news but like

1672
01:51:38,814 --> 01:51:43,974
that i could steal all your code here and like solve a big problem in the world you could certainly

1673
01:51:43,974 --> 01:51:50,814
steal you could steal the design of the of the software like the concept the concept of a state

1674
01:51:50,814 --> 01:51:55,634
machine dealing with lightning payments and then doing a bunch of crazy stuff on state transitions

1675
01:51:55,634 --> 01:52:02,374
that is definitely something that could be could be taken and applied widely but you know it's just

1676
01:52:02,374 --> 01:52:08,854
a state machine doing weird stuff with lightning payments um you know but uh i thought we're

1677
01:52:08,854 --> 01:52:17,594
separating money when we see like a separate line here for drive chains oh uh we gotta get

1678
01:52:17,594 --> 01:52:19,714
We got to hire Vake.

1679
01:52:20,314 --> 01:52:21,794
And once we hire Vake...

1680
01:52:21,794 --> 01:52:22,934
I was waiting when that was going to lend.

1681
01:52:24,274 --> 01:52:24,994
All right. Cool.

1682
01:52:26,514 --> 01:52:26,954
Anyways.

1683
01:52:28,014 --> 01:52:29,554
I mean, technically, with

1684
01:52:29,554 --> 01:52:31,514
it not being on there, you are

1685
01:52:31,514 --> 01:52:33,094
representing drive chains.

1686
01:52:33,534 --> 01:52:35,494
Yeah, I mean, yeah. We're doing the best we can

1687
01:52:35,494 --> 01:52:37,374
to represent drive chains. There's just no usage

1688
01:52:37,374 --> 01:52:38,934
and no money on drive chains.

1689
01:52:40,534 --> 01:52:41,754
Dude, that was so funny.

1690
01:52:41,754 --> 01:52:43,334
He put you in the...

1691
01:52:43,334 --> 01:52:44,674
I didn't even understand that meme.

1692
01:52:44,834 --> 01:52:47,374
I didn't understand what that meant.

1693
01:52:47,594 --> 01:52:49,274
What day was that in the saloon?

1694
01:52:49,494 --> 01:52:52,494
That was the 8th, maybe.

1695
01:52:52,714 --> 01:52:54,794
If you go back just two days, I think,

1696
01:52:55,014 --> 01:52:56,214
because we had a massive saloon.

1697
01:52:56,294 --> 01:52:58,094
The saloon didn't get reposted.

1698
01:52:58,094 --> 01:53:00,534
I actually liked the saloon when it was ballooning up like that.

1699
01:53:00,654 --> 01:53:02,314
Most people, everyone said they liked it.

1700
01:53:02,494 --> 01:53:04,074
It was the one with over 300 comments.

1701
01:53:04,494 --> 01:53:06,934
I enjoyed the saloon when it was ballooning up.

1702
01:53:08,554 --> 01:53:11,754
Oh, yeah, this is the one that Paul Stork posted.

1703
01:53:12,014 --> 01:53:13,614
Yeah, he likes to hit on lightning.

1704
01:53:13,874 --> 01:53:15,334
He said, lightning sucks, lightning sucks.

1705
01:53:15,334 --> 01:53:17,094
In the middle, he threw Snackernese in there.

1706
01:53:17,094 --> 01:53:17,754
I don't understand.

1707
01:53:17,894 --> 01:53:18,494
What does that mean?

1708
01:53:18,634 --> 01:53:19,414
What is he saying there?

1709
01:53:19,534 --> 01:53:21,134
He's saying that dumb people use lightning.

1710
01:53:21,454 --> 01:53:22,574
Oh, is that what he's saying?

1711
01:53:22,654 --> 01:53:24,294
Yeah, dumb people think that they should use lightning.

1712
01:53:24,514 --> 01:53:26,654
Why did he lump you with the rest of these people for?

1713
01:53:26,994 --> 01:53:27,974
Because we all use lightning.

1714
01:53:28,314 --> 01:53:29,034
Oh, interesting.

1715
01:53:29,134 --> 01:53:31,334
I'm surprised he elevated me to...

1716
01:53:31,334 --> 01:53:32,094
Yeah, I know.

1717
01:53:32,194 --> 01:53:34,354
He, like, put you on the same...

1718
01:53:34,354 --> 01:53:34,774
Which I am.

1719
01:53:34,894 --> 01:53:35,374
I'm thankful.

1720
01:53:35,734 --> 01:53:36,634
I'm generally thankful.

1721
01:53:36,634 --> 01:53:38,974
I mean, I think it's a good thing when you start getting...

1722
01:53:38,974 --> 01:53:40,594
It's satire these days.

1723
01:53:41,054 --> 01:53:44,214
I think he's familiar with us when we first started.

1724
01:53:44,314 --> 01:53:44,654
He was a...

1725
01:53:44,654 --> 01:53:47,594
Did he say hi to you at TapConf or no?

1726
01:53:47,894 --> 01:53:49,074
I did see him at TapConf.

1727
01:53:49,234 --> 01:53:52,114
He got off an elevator and we were standing right there.

1728
01:53:52,234 --> 01:53:52,894
Did he say hi to you?

1729
01:53:52,894 --> 01:53:54,054
And we were all lost together.

1730
01:53:55,914 --> 01:53:59,614
No, I think he was buzzing, but he was friendly.

1731
01:53:59,754 --> 01:54:00,274
He looked friendly.

1732
01:54:00,394 --> 01:54:02,274
He was hanging out with Vake, I think.

1733
01:54:04,194 --> 01:54:05,134
Him and Vake are friends.

1734
01:54:05,574 --> 01:54:10,634
Why did you choose the most successful implementations of Lightning?

1735
01:54:10,834 --> 01:54:13,654
And then you put DriveChain users over time.

1736
01:54:13,654 --> 01:54:15,334
Because he says even those are for dumb people.

1737
01:54:15,414 --> 01:54:15,654
Zero.

1738
01:54:16,694 --> 01:54:18,554
I can't believe no one uses drive-chating.

1739
01:54:20,174 --> 01:54:21,094
It's vaporware.

1740
01:54:21,194 --> 01:54:22,194
It doesn't exist.

1741
01:54:22,554 --> 01:54:23,014
I think it does.

1742
01:54:23,074 --> 01:54:24,254
I mean, I think he's implemented it.

1743
01:54:24,374 --> 01:54:27,174
I just think no one, like no one's running the fork.

1744
01:54:27,414 --> 01:54:30,234
He hasn't successfully got anyone to run the fork.

1745
01:54:30,314 --> 01:54:32,174
You think he's, or hasn't developed it at all?

1746
01:54:32,354 --> 01:54:32,874
Like hasn't.

1747
01:54:33,214 --> 01:54:38,354
Well, it's, I mean, it needs to be adopted in consensus.

1748
01:54:38,794 --> 01:54:39,054
Yeah.

1749
01:54:39,054 --> 01:54:43,134
So it's like the Bitcoin blockchain doesn't use drive-chains at all.

1750
01:54:43,134 --> 01:54:46,994
But what's the reason somebody would use a drive chain, though?

1751
01:54:47,054 --> 01:54:48,194
I don't even understand that part.

1752
01:54:48,194 --> 01:54:49,174
It's like a separate ledger.

1753
01:54:49,594 --> 01:54:51,254
I can understand why people would use eCash.

1754
01:54:51,794 --> 01:54:53,334
That settles on the main chain.

1755
01:54:53,554 --> 01:54:54,774
But when would I ever do that?

1756
01:54:55,914 --> 01:54:59,934
If you wanted Bitcoin to have either different functionality

1757
01:54:59,934 --> 01:55:04,154
with very similar UX to on-chain Bitcoin

1758
01:55:04,154 --> 01:55:07,794
and inherit the security of Bitcoin's network

1759
01:55:07,794 --> 01:55:10,054
because it's getting mined by Bitcoin's miners,

1760
01:55:10,054 --> 01:55:14,614
that's kind of the that's kind of the idea behind drive chains but there's you know there are

1761
01:55:14,614 --> 01:55:20,814
peculiarities about what it does to mining incentives and what it also um means for the

1762
01:55:20,814 --> 01:55:24,414
people who are putting their money in sounds like it's like it sounds like a liquid competitor or

1763
01:55:24,414 --> 01:55:29,454
something it is it's more of a side chain thing but it uh it isn't it isn't wrapped like i don't

1764
01:55:29,454 --> 01:55:34,294
uh the bitcoin isn't wrapped is my understanding they do but they do lock it up yeah it's it's a

1765
01:55:34,294 --> 01:55:39,614
you have to change consensus so that there's this time lock that locks up the bitcoin and uh

1766
01:55:39,614 --> 01:55:46,314
so it's like an actual op code yeah it's a stupid name it's a dumb name and it holds it for like

1767
01:55:46,314 --> 01:55:51,434
drive change that's a dumb name i think if they try to rob you they it's like six month lock up

1768
01:55:51,434 --> 01:55:58,994
or something if the because like 51 of miners try to they can like collaborate to rob you 51 of

1769
01:55:58,994 --> 01:56:04,774
miners i think of the side chain can try to rob you but then it gets locked up six months and then

1770
01:56:04,774 --> 01:56:09,414
I guess the security model is such that you can like fork out of that.

1771
01:56:10,394 --> 01:56:11,594
Oh, like what?

1772
01:56:11,734 --> 01:56:12,234
Like the seat.

1773
01:56:12,314 --> 01:56:12,534
Yeah.

1774
01:56:14,054 --> 01:56:15,194
There's the whole rabbit hole.

1775
01:56:15,294 --> 01:56:18,594
You can go down with minor incentives around drive chains.

1776
01:56:18,754 --> 01:56:21,474
So let's jump into the YouTube comments.

1777
01:56:21,734 --> 01:56:23,054
This was the first one.

1778
01:56:23,334 --> 01:56:24,934
I'm trying to figure this out.

1779
01:56:25,014 --> 01:56:26,514
Don't they actually provide your keys?

1780
01:56:26,514 --> 01:56:28,654
Then how don't you have control of it?

1781
01:56:28,694 --> 01:56:31,014
This is from Carlos De Contra.

1782
01:56:31,534 --> 01:56:33,874
He was asking about the Wallace Satoshi video that we did.

1783
01:56:33,874 --> 01:56:37,874
where one of us said something about not providing keys.

1784
01:56:37,874 --> 01:56:48,568
I don remember who said that Probably you Keon Yeah so they might provide But he trying to figure this out what do you mean If they oh they don provide or if they provide you with keys you don control your money

1785
01:56:49,488 --> 01:56:51,628
Fundamentally, you're going through Spark

1786
01:56:51,628 --> 01:56:53,648
if you're using Wallet of Satoshi

1787
01:56:53,648 --> 01:56:55,568
because how they provide non-custodial stuff

1788
01:56:55,568 --> 01:56:57,568
is they're using Spark's state chain.

1789
01:56:58,568 --> 01:57:00,268
And so really it's, you have to,

1790
01:57:00,768 --> 01:57:03,128
unless you have the exit transactions

1791
01:57:03,128 --> 01:57:06,388
for your money in Spark's state chain,

1792
01:57:06,488 --> 01:57:07,648
you have to ask Spark for permission

1793
01:57:07,648 --> 01:57:08,348
to get your money out.

1794
01:57:08,548 --> 01:57:12,808
That is my current understanding of the dynamic there.

1795
01:57:12,808 --> 01:57:14,408
So even if you have those keys,

1796
01:57:14,468 --> 01:57:16,648
mean that you can leave wallet of Satoshi's wallet.

1797
01:57:16,788 --> 01:57:19,768
And if Spark lets you, you can still spend your money.

1798
01:57:21,668 --> 01:57:24,768
But really you're still, you're still in a relation.

1799
01:57:24,848 --> 01:57:27,108
You have a mandatory relationship with Spark,

1800
01:57:27,108 --> 01:57:29,568
unless you have your unilateral exit transactions,

1801
01:57:29,568 --> 01:57:32,508
which you most likely don't have if you only have your key.

1802
01:57:33,988 --> 01:57:34,428
Yeah.

1803
01:57:34,908 --> 01:57:35,108
Yeah.

1804
01:57:35,128 --> 01:57:35,928
It's like lightning.

1805
01:57:36,048 --> 01:57:37,328
You need the channel state.

1806
01:57:37,488 --> 01:57:37,688
Yeah.

1807
01:57:37,688 --> 01:57:42,988
you need some state i don't it's unlike unlike channel state you don't need all of it um but you

1808
01:57:42,988 --> 01:57:49,848
do need the latest state yeah you need the latest state which i don't i'm not even sure i would i

1809
01:57:49,848 --> 01:57:55,088
would guess wall of satoshi might not even have it they might be fully trusting spark so i don't

1810
01:57:55,088 --> 01:57:58,508
know i think he does have control or he doesn't because he just needs a straight answer here no

1811
01:57:58,508 --> 01:58:04,008
they gotta they they gotta be able they gotta be saving at least the latest state from from but

1812
01:58:04,008 --> 01:58:09,228
from wallet i think okay well i think he's just asking a straightforward question so can he

1813
01:58:09,228 --> 01:58:14,968
withdraw the stats oh you can withdraw the stats i think that's what he's asking yeah it's similar

1814
01:58:14,968 --> 01:58:19,488
to lightning like as long as you have the latest state you can just withdraw right yeah and then

1815
01:58:19,488 --> 01:58:26,708
he backs up with an email address yeah it's it's more nuanced than than i think we're we're trying

1816
01:58:26,708 --> 01:58:31,188
to reduce it too so okay it depends on what you mean by control do you have control under any

1817
01:58:31,188 --> 01:58:35,268
circumstance i think he's just trying to yeah i think he's just trying to use it to pay you have

1818
01:58:35,268 --> 01:58:39,228
control like you have control of your bitcoin when you when you have the seed phrase to your bitcoin

1819
01:58:39,228 --> 01:58:45,928
no so maybe maybe get a coin coin coin card or you know coin kite wallet and then you know do it

1820
01:58:45,928 --> 01:58:51,428
that way but lightning do something else if you're really serious about your privacy and sovereignty

1821
01:58:51,428 --> 01:58:59,228
you definitely don't have any privacy definitely not privacy but yes if you want to do some cool

1822
01:58:59,228 --> 01:59:04,848
stuff. Use that if you want. But yeah, I think that's what he was trying to get at is like,

1823
01:59:04,848 --> 01:59:09,628
what did y'all mean by that? Cool. The next one was from Vake. Intellectual property should be

1824
01:59:09,628 --> 01:59:14,448
abolished. Wow. This was on the copyright thing. What do you think about that, Coop?

1825
01:59:15,748 --> 01:59:21,588
I think that's fair. When I was really into this stuff, when I was like anarchist, libertarian,

1826
01:59:22,088 --> 01:59:27,768
did a lot more, spent a lot more time on the philosophy of that stuff, most of what I read

1827
01:59:27,768 --> 01:59:28,848
on intellectual property,

1828
01:59:29,448 --> 01:59:31,388
like the research on intellectual property

1829
01:59:31,388 --> 01:59:33,588
suggested that as much as we think

1830
01:59:33,588 --> 01:59:36,248
intellectual property allows people

1831
01:59:36,248 --> 01:59:37,508
to benefit from their inventions,

1832
01:59:38,108 --> 01:59:40,608
it kind of like stifles other inventions

1833
01:59:40,608 --> 01:59:42,208
and ends up being a wash

1834
01:59:42,208 --> 01:59:45,228
in terms of the benefit to society at large.

1835
01:59:45,628 --> 01:59:47,128
Because like a lot of what people say

1836
01:59:47,128 --> 01:59:48,288
in defense of intellectual property

1837
01:59:48,288 --> 01:59:50,928
is like when we give people intellectual property

1838
01:59:50,928 --> 01:59:51,908
and they can defend it,

1839
01:59:52,348 --> 01:59:54,628
they are incentivized to create new things

1840
01:59:54,628 --> 01:59:56,628
and therefore because they can get rich from it.

1841
01:59:56,628 --> 02:00:01,548
But if we don't have those guardrails, then we won't have those inventions at all because no one will be incentivized.

1842
02:00:01,548 --> 02:00:14,188
But apparently they've done studies to the extent that they can do studies on these things and shown that when we lack intellectual property laws, it doesn't really change things because we actually benefit from the lack of intellectual property.

1843
02:00:14,388 --> 02:00:20,728
And that idea is kind of diffused more and they can get – more inventors can base their inventions on them.

1844
02:00:20,848 --> 02:00:24,408
And so, yeah, I agree that I think intellectual property is –

1845
02:00:24,408 --> 02:00:25,928
When did they get invented, I guess?

1846
02:00:26,628 --> 02:00:32,528
uh bullshit uh and when did it get invented yeah i would guess industrial revolution is when we

1847
02:00:32,528 --> 02:00:40,528
started but did that exacerbate everything or slow everything down as far as like the amount of

1848
02:00:40,528 --> 02:00:45,288
i what i'm saying what i'm saying is i think it it probably didn't it probably helped in some ways

1849
02:00:45,288 --> 02:00:50,848
and probably hurt in some ways and it's probably probably a wash uh or the most i think we can say

1850
02:00:50,848 --> 02:00:56,708
is that it's a wash like either way it would have gone about as well as far as like the output

1851
02:00:56,708 --> 02:01:02,688
as far as like the benefit to society as far as something like would manifest in in gdp or

1852
02:01:02,688 --> 02:01:06,788
something yeah i don't really i don't really know the answer to this i feel like there's a

1853
02:01:06,788 --> 02:01:13,388
correct answer i just don't know so i don't have an opinion because i don't not informed about it

1854
02:01:13,388 --> 02:01:17,088
it'd be interesting to see like the scenario where it played out the other way

1855
02:01:17,088 --> 02:01:21,568
yeah during the industrial revolution kind of like a philip k dick novel or something

1856
02:01:21,568 --> 02:01:25,908
well imagine i don't i'm not going to go out and say it should be one way or another because i don't

1857
02:01:25,908 --> 02:01:30,628
know yeah i'm and i'm just sharing what i my experience with it looking at it from one

1858
02:01:30,628 --> 02:01:36,288
perspective which is the anarchist perspective which would be fuck this shit uh is the general

1859
02:01:36,288 --> 02:01:41,308
anarchist perspective um but you can imagine like the sticker that you want to make maybe you wanted

1860
02:01:41,308 --> 02:01:47,468
to sell it maybe it's the sticker of the dog the sticker of the dog say the line the sticker of the

1861
02:01:47,468 --> 02:01:52,668
dog like that is intellectual property perhaps making janice so upset by bringing this up like

1862
02:01:52,668 --> 02:01:57,508
maybe disney would disney would come after you talking about this or the dog owner would come

1863
02:01:57,508 --> 02:02:01,268
after you and they would prevent you from selling that sticker and making money from it because it's

1864
02:02:01,268 --> 02:02:07,148
like their intellectual property and so you like you can imagine you'd be free to effectively steal

1865
02:02:07,148 --> 02:02:15,048
for the game keon other people's art or not steal but borrow what might be more more accurately

1866
02:02:15,048 --> 02:02:20,068
called borrowing so we got this from uh the fountain uh pleb dev what's up zap that's from

1867
02:02:20,068 --> 02:02:25,968
blockchain boog boogie uh one jeremy is hilarious that's from blockchain boog ha ha ha cube costume

1868
02:02:25,968 --> 02:02:33,948
turned on video in fountain okay boog and then i just said nine nine nine hour days per pay period

1869
02:02:33,948 --> 02:02:41,568
car 81 hours every two weeks remember that post where it was like nine nine inch yeah i remember

1870
02:02:41,568 --> 02:02:44,948
we couldn't figure it out we couldn't figure it out uh i'm just smart enough to figure it out and

1871
02:02:44,948 --> 02:02:51,128
then i'm just supposed to also say salute shorts was great he remembers on salute shorts oh man

1872
02:02:51,128 --> 02:02:56,868
you remember that too you remember that too yeah tv show so you can't it's the only one that doesn't

1873
02:02:56,868 --> 02:02:58,648
remember that. Was it

1874
02:02:58,648 --> 02:03:00,988
Camp Onawanna? We hold you

1875
02:03:00,988 --> 02:03:03,028
in our hearts and when we think

1876
02:03:03,028 --> 02:03:04,928
about you, you make me wanna

1877
02:03:04,928 --> 02:03:05,388
fart.

1878
02:03:06,988 --> 02:03:08,868
That's a great one. You're going to the

1879
02:03:08,868 --> 02:03:10,368
Top Cowboys.

1880
02:03:10,868 --> 02:03:11,308
Baby.

1881
02:03:12,928 --> 02:03:14,148
Yeah, I keep forgetting.

1882
02:03:15,568 --> 02:03:17,128
Yeah, there you go. Top Cowboys.

1883
02:03:17,868 --> 02:03:19,228
Keon, Undisciplined.

1884
02:03:19,408 --> 02:03:20,848
Blockchain Boo, Gray Ruby.

1885
02:03:21,968 --> 02:03:23,208
Wow, I didn't realize I'm just playing

1886
02:03:23,208 --> 02:03:24,208
out to number three already.

1887
02:03:24,208 --> 02:03:33,188
yeah go for it wow sensei's been really i would love to give it up for krioto sensei

1888
02:03:33,188 --> 02:03:38,508
or however we say your name but we love you and appreciate you and we see you

1889
02:03:38,508 --> 02:03:45,328
he is a singaporean teacher he tells us everything about japan that we want to know

1890
02:03:45,328 --> 02:03:52,308
he tells us everything about grammar that we want to know um his book reviews he he's intentional

1891
02:03:52,308 --> 02:03:59,208
about like being happy and present in the moment and i appreciate that anyway shout out to you

1892
02:03:59,208 --> 02:04:07,508
what does stacking since 104 755 mean it's their first item the item number it's our monotonically

1893
02:04:07,508 --> 02:04:12,248
increasing item id no tofer is like fake he just comes he just knows the show yeah i i just

1894
02:04:12,248 --> 02:04:18,848
every time i open up my stacker news app i'm just logged in anonymously and i just let it rip

1895
02:04:18,848 --> 02:04:31,168
uh he's got scores be 117 public enemy end of the mic um kept forward justin shock net

1896
02:04:31,168 --> 02:04:38,028
sat wise aardvark uh yeah poet there actually might be a bug that i

1897
02:04:38,028 --> 02:04:51,442
might be showing things like scroogey scroogey been making an uh he new right I know I guess he been around for a while Oh wow I keep seeing this zombie thing What was the zombie thing

1898
02:04:51,462 --> 02:04:52,202
I don't see it anymore.

1899
02:04:52,402 --> 02:04:53,042
What was that?

1900
02:04:53,422 --> 02:04:56,182
The zombie, yeah, that was a game that we had over Halloween.

1901
02:04:57,002 --> 02:05:01,662
So you, if you hadn't posted in 36 hours or got zapped by someone who was infected,

1902
02:05:01,822 --> 02:05:02,822
you would turn into a zombie.

1903
02:05:03,022 --> 02:05:03,782
Oh, wow.

1904
02:05:04,162 --> 02:05:04,362
Yeah.

1905
02:05:04,362 --> 02:05:08,342
And then Simple Sacker actually submitted a cure.

1906
02:05:08,842 --> 02:05:10,302
It submitted a cure as a PR.

1907
02:05:10,302 --> 02:05:16,642
and uh did they make a post about this no one made a post about that's so cool that is cool

1908
02:05:16,642 --> 02:05:21,262
yeah he submitted a cure as a pr he like state he was because he was trying you you could keep

1909
02:05:21,262 --> 02:05:25,362
yourself in getting infected if you had posted like within a certain hour time frame like every

1910
02:05:25,362 --> 02:05:30,602
six hours everybody got infected i guess every day your rate your risk of getting infected increase

1911
02:05:30,602 --> 02:05:35,042
every day and so he said he set an alarm to wake himself up in the middle of the night to

1912
02:05:35,042 --> 02:05:37,722
make sure he would stay immune.

1913
02:05:38,442 --> 02:05:40,122
And then in the meantime, he developed a cure

1914
02:05:40,122 --> 02:05:43,342
and submitted his PR, which is pretty cool.

1915
02:05:43,342 --> 02:05:44,542
So what was the cure?

1916
02:05:45,462 --> 02:05:49,862
The cure was if someone themselves was not yet infected

1917
02:05:49,862 --> 02:05:54,402
and they zapped you, they would basically inoculate you.

1918
02:05:54,402 --> 02:05:54,702
Cure you, wow.

1919
02:05:55,022 --> 02:05:55,442
Cure you.

1920
02:05:55,462 --> 02:05:56,642
Just like they did in...

1921
02:05:56,642 --> 02:05:57,642
Oh, interesting.

1922
02:05:57,942 --> 02:05:58,522
Wow, because they were...

1923
02:05:58,522 --> 02:06:02,162
So then eventually, there were only 14 people

1924
02:06:02,162 --> 02:06:03,462
who were not zombies.

1925
02:06:03,462 --> 02:06:09,242
really that's how wide it spread it spread really fast and then you were zombified too i was

1926
02:06:09,242 --> 02:06:17,122
zombified like within the first day um and only 14 people were left uh i merged the pr for the

1927
02:06:17,122 --> 02:06:21,802
cure i think within a day or two the it was like the majority of people were cured

1928
02:06:21,802 --> 02:06:27,562
oh so if you're a zombie you could be cured so we should be a recap on that that was part of how

1929
02:06:27,562 --> 02:06:31,822
you can i guess we got one right now wow we want to do some we're thinking of doing something where

1930
02:06:31,822 --> 02:06:39,402
it's actually more of a war where um you could get reinfected and so you could kind you could

1931
02:06:39,402 --> 02:06:42,582
kind it would just be back and forth and back and forth and you can kind of imagine

1932
02:06:42,582 --> 02:06:49,782
no no there was no i definitely didn't like seeing a zombie next to me a badge i didn't

1933
02:06:49,782 --> 02:06:53,622
like seeing the badge next to me though that's so cool i prefer not to have it make the general

1934
02:06:53,622 --> 02:06:58,982
store man i've been saying it for 14 years at this point now i can just buy the potion i cannot

1935
02:06:58,982 --> 02:07:03,602
The ideas that you give me are sometimes a lot of work.

1936
02:07:04,062 --> 02:07:05,142
We'll release one.

1937
02:07:05,322 --> 02:07:06,702
We'll have a general store.

1938
02:07:07,442 --> 02:07:08,382
General store will come eventually.

1939
02:07:08,382 --> 02:07:11,642
Every Cowboy West thing has a general store.

1940
02:07:11,642 --> 02:07:12,722
The general store will come eventually,

1941
02:07:12,842 --> 02:07:15,462
but there are other ideas that you gave me in year one.

1942
02:07:15,962 --> 02:07:16,342
Okay.

1943
02:07:16,602 --> 02:07:17,462
I still got it.

1944
02:07:17,782 --> 02:07:18,922
As long as you got there.

1945
02:07:18,922 --> 02:07:19,942
We're getting closer.

1946
02:07:20,382 --> 02:07:21,782
We got Socks at 48.

1947
02:07:22,022 --> 02:07:22,422
Socks.

1948
02:07:22,602 --> 02:07:23,002
Socks.

1949
02:07:23,182 --> 02:07:24,342
When is this release coming out?

1950
02:07:25,802 --> 02:07:26,962
It should be.

1951
02:07:26,962 --> 02:07:29,002
He said it's pretty much done.

1952
02:07:29,082 --> 02:07:30,062
He's mostly cleaning it up.

1953
02:07:30,202 --> 02:07:33,302
So I would guess next week we might ship it.

1954
02:07:33,822 --> 02:07:34,782
I still need a QA.

1955
02:07:34,902 --> 02:07:35,662
It's a lot of code.

1956
02:07:36,862 --> 02:07:38,862
But two weeks TM.

1957
02:07:39,162 --> 02:07:41,902
We've been saying two weeks TM for about six weeks on that one.

1958
02:07:42,942 --> 02:07:46,982
But it's an application within an application.

1959
02:07:47,242 --> 02:07:48,302
Like making a really good editor.

1960
02:07:48,442 --> 02:07:52,882
He's basically adding like Google Docs inside of Stacker News.

1961
02:07:53,342 --> 02:07:54,742
This is an electronic chip.

1962
02:07:54,742 --> 02:07:55,942
Working on a WYSIWYG.

1963
02:07:56,962 --> 02:08:02,322
oh yeah which is very tricky um yeah like what is what is the benefit of doing that though

1964
02:08:02,962 --> 02:08:04,562
for people who don't understand markdown

1965
02:08:06,562 --> 02:08:11,922
you forced me to understand work but you're going to understand wussy wig oh yeah well

1966
02:08:11,922 --> 02:08:17,442
wizzy wig is what you see is what you get so everyone's anyone who can click buttons on like

1967
02:08:17,442 --> 02:08:23,122
hear a screen yeah use a wizzy yeah there it goes but then it breaks it always inevitably breaks it

1968
02:08:23,122 --> 02:08:27,462
It can be buggy, but people would prefer that over Markdown.

1969
02:08:27,822 --> 02:08:29,982
They don't understand Markdown.

1970
02:08:32,082 --> 02:08:33,862
Go ahead. I'm sorry. I was jamming out.

1971
02:08:34,122 --> 02:08:37,642
I want to ask a question. Something that I've noticed is

1972
02:08:37,642 --> 02:08:43,462
I'm trying to do subscript and it doesn't work anymore.

1973
02:08:44,042 --> 02:08:45,102
Subscript doesn't work anymore?

1974
02:08:45,182 --> 02:08:45,502
Yeah.

1975
02:08:45,882 --> 02:08:47,122
When you do the sub tags?

1976
02:08:47,342 --> 02:08:48,702
When I do the tags, it doesn't.

1977
02:08:49,842 --> 02:08:50,722
And neither does super.

1978
02:08:50,722 --> 02:09:00,562
are you spelling out sub no i mean sub sup okay and then open close i saw socks was using it today

1979
02:09:00,562 --> 02:09:05,382
in the saloon so it's still it still works in some context i mean i'm going to the docks

1980
02:09:05,382 --> 02:09:14,242
the markdown and i'm like am i doing it right and uh it's okay so it's you're like sighing while

1981
02:09:14,242 --> 02:09:20,262
you're like as you were saying that sentence i feel your pain thank you look into it okay

1982
02:09:20,262 --> 02:09:28,322
this is a pleb real live pleb bug report yeah wow that was life um that's all the stuff that

1983
02:09:28,322 --> 02:09:34,462
we have today on stacker news live keon what are you doing this weekend um oh man i got so many

1984
02:09:34,462 --> 02:09:45,142
plans i was thinking of going uh mini surfing it's like mini golf but for surfing any surfing

1985
02:09:45,142 --> 02:09:51,042
yeah really inside of a room with the wave machine yeah something like that really small

1986
02:09:51,042 --> 02:09:57,582
waves really small board and i just i'm just making up stuff um i knew he was i knew that's

1987
02:09:57,582 --> 02:10:01,762
why i was like i know i wanted to come up with something better but that was more believable

1988
02:10:01,762 --> 02:10:06,642
you believed me last week i believed with the rabbits and now now you can believe anything i

1989
02:10:06,642 --> 02:10:12,722
say not believe yeah go ahead uh here's my suggestion for something you could do with

1990
02:10:12,722 --> 02:10:19,662
your weekend um light a candle in your office or something yeah like it's kind of smelly oh okay

1991
02:10:19,662 --> 02:10:26,022
what does it smell like like you like maybe you had some good food in there or something and it's

1992
02:10:26,022 --> 02:10:31,442
like been a day just kind of sitting out i did have a hamburger okay and that wrapper in my

1993
02:10:31,442 --> 02:10:36,942
trash that was in that that's probably that's it but you know it's gotta

1994
02:10:36,942 --> 02:10:45,082
you've been in your office too long uh coding up transaction diagrams it's definitely got

1995
02:10:45,082 --> 02:10:49,902
a funk in there that'll just i'll probably have to burn some sage really because it's like there's

1996
02:10:49,902 --> 02:10:56,082
like a spiritual funk and uh a smell how about you guys what are you guys doing what are you

1997
02:10:56,082 --> 02:11:02,342
giving that's right it's giving tomorrow so johnny's making two turkeys and some sides i

1998
02:11:02,342 --> 02:11:08,482
just text them everything's according to plan me and tofer went last week to get some drinks oh yeah

1999
02:11:08,482 --> 02:11:13,362
and we have a lot of liquor you sure we have any left bar is stopped i mean me and jenna were

2000
02:11:13,362 --> 02:11:19,182
drinking work so um yeah well we have some and then um yeah that's what i got going on tomorrow

2001
02:11:19,182 --> 02:11:25,302
like i'm making a ham so yeah i was thinking of making a ham too oh are you really yeah you want

2002
02:11:25,302 --> 02:11:30,022
to compete i'm just gonna yeah start making hams just so uh but it should be fun i mean we have a

2003
02:11:30,022 --> 02:11:32,062
lot of people coming. I've been inviting everybody, so it should be

2004
02:11:32,062 --> 02:11:33,722
a lot of fun. Is it a potluck?

2005
02:11:34,242 --> 02:11:35,362
Yeah, we have a sign-up form.

2006
02:11:36,202 --> 02:11:38,082
Where's the sign-up form? I put it on Slack.

2007
02:11:40,562 --> 02:11:41,162
Let's go.

2008
02:11:42,002 --> 02:11:43,322
Topher, what are you doing this weekend, Topher?

2009
02:11:43,662 --> 02:11:45,382
Club's Give. Oh, wow. There you go.

2010
02:11:46,342 --> 02:11:48,322
I'll have to cancel my mini-surfing.

2011
02:11:49,442 --> 02:11:50,122
Jana, what are you doing

2012
02:11:50,122 --> 02:11:50,922
this week? Are you paddling?

2013
02:11:51,702 --> 02:11:52,022
Paddleboarding?

2014
02:11:53,522 --> 02:11:53,842
Oh.

2015
02:11:55,442 --> 02:11:56,942
Did you go to the book festival last week?

2016
02:11:57,862 --> 02:11:58,022
No.

2017
02:12:00,022 --> 02:12:02,482
cool

2018
02:12:02,482 --> 02:12:04,322
it's the season

2019
02:12:04,322 --> 02:12:06,082
I

2020
02:12:06,082 --> 02:12:07,662
well

2021
02:12:07,662 --> 02:12:11,022
maybe I'll say this later never mind

2022
02:12:11,022 --> 02:12:12,722
oh

2023
02:12:12,722 --> 02:12:14,022
it's

2024
02:12:14,022 --> 02:12:15,602
I don't want to dox it

2025
02:12:15,602 --> 02:12:18,222
we can't dox anybody

2026
02:12:18,222 --> 02:12:20,922
but there you go you have to wait until next week to hear that

2027
02:12:20,922 --> 02:12:23,202
I think that's all I got

2028
02:12:23,202 --> 02:12:24,282
you guys got anything else

2029
02:12:24,282 --> 02:12:26,342
before we let go of this

2030
02:12:26,342 --> 02:12:28,342
oh we're sub 100k

2031
02:12:28,342 --> 02:12:35,662
we talked about that oh right yeah we're all poor now we're all in the dumps yeah we're all

2032
02:12:35,662 --> 02:12:43,282
our m nav is very low yeah and we're yeah all right snackers have yourself a great weekend

2033
02:12:43,282 --> 02:12:47,242
go out there and make friends and key on that