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Brady Swenson, one of the founders of Swan Bitcoin, released a video.

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Actually, Bitcoin Amsterdam released the video because he gave the talk on stage.

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And it's under 18 minutes of some of the most condensed Bitcoin time philosophy that we've come across.

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We've recently been exploring Bitcoin and the concept of time, having covered Der Gigi's Bitcoin is Time, and also talking about the latter part of Nick Land's book, Zeno Systems, which brings into play the discussion points that Bitcoin has with regard to time.

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Brady takes this a step further. He's talking about civilization. He's talking about

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the cadence of our lives. He's talking about the quality of our lives and the things that we can

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build with time that we no longer seem to have. We seem to be rushing about everywhere. We seem to be

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starting things that we don't finish. We seem to be

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looking at the world with a shorter point of reference, a bit, a bit farsighted. I think

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we can only see the things that are close to us and we can't see what's down the pipe. And part

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of that has to do with this age of acceleration of technology that we're in, where change is

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happening at a more rapid pace and that rapid pace is accelerating but also part of it happens

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to do with the monetary structure that we live under the mechanical clock paired with fiat money

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yeah and so we're going to discuss that here today brady's talk at bitcoin amsterdam and uh

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We're going to see where it goes.

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TikTok, next block, the cadence of civilization by Brady Swenson.

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He gave this talk at the Kansas City Bitcoin Summit as well.

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I heard it then and I was really struck by it.

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You did a good job summarizing kind of its significance.

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And for us, too, in the kind of the trajectory of our thinking on Bitcoin, like you mentioned, we read Durjiji's Bitcoin is Time,

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where we saw how Bitcoin, it was necessary for Satoshi to give Bitcoin a notion of time

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and able to allow money to take on a digital form.

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In order for there to be a ledger, there has to be a notion of time

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because you have to be able to say which transactions occur after other transactions

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and you have to be able to preempt the double spend problem,

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which in cyberspace, you can just copy and paste something.

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How do you stop that from happening?

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Satoshi brings a notion of time into digital space.

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He makes Bitcoin as a time chain.

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We saw how TikTok next block is this idea that in Der Gigi's essay, Bitcoin is a clock.

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It's ticking.

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Every block that's added is how it is keeping time by ordering transactions.

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And so we looked at Der Gigi's Bitcoin as time.

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And as you mentioned, we looked at Land's Zeno systems, and he talks about two things that are really relevant to Brady Swenson's talk.

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He mentioned how capital, by its nature, has kind of a cybernetic dynamic where it is constantly accelerating, constantly seeking greater returns.

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But there's also this thing that is Bitcoin, and Land talks about it.

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He uses a zombie analogy, the thing that it can never die because for it to die, it would need to be laid eternally to rest.

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But Bitcoin itself is eternal in the sense that it's self-sustaining outside of human control.

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And so you can never fully lay it to rest because then some enterprising soul will stash it.

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And then it'll have some value because somebody wants to stash it.

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So another person will also want to stash a bit of it and then it's going to resurrect and have some price.

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So we're looking, just considering time and Bitcoin, the nature of capital.

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And here we get to TikTok next block, the cadence of civilization.

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And it was TikTok next block.

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Swinson starts this talk off noting that it's a meme or a phrase that he coined in a tweet when he's talking, celebrating the 600,000th block of Bitcoin time, saying TikTok next block, indicating that this thing is going to keep on running.

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It's maybe not fail safe, but so far it has been.

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And barring something unforeseen, it's going to keep on going.

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Tick tock, next block, adding a new block.

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And he starts off.

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So this is going to tie that notion of timekeeping, the notion of keeping time to the nature of civilization.

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That timekeeping defines a civilization, defines how people act in that civilization, defines culture and morality and economics.

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And he starts off noting different forms of timekeeping throughout civilization that begins with watching the sky.

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Like you look at the movement of the stars.

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He notes that the Nile, they could tell when the Nile was going to flood because a certain star was in its end or something like that.

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And so people begin to keep time by observing the world around it the way that it changes.

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And so the very first notions of time he calls natural time were really just operating in the world, looking at the sky.

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And then using that to craft our first calendars, right?

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Yeah, it's more natural time is more observational.

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Mechanical time is more of a dictate.

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Yeah, machine time is what he's going to call it.

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So we have natural time and machine time, the two notions of time we're going to get to.

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Land's propensity to use a zombie analogy.

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We should note, we looked up his favorite movies.

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He digs that kind of thing.

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But you could also say it's everlasting just in the sense of, you know, you could take a eternal life type of approach to say it as well.

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Yeah.

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That the land is trying to say that, you know, this zombie analogy that it's just, it can't be killed.

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Yeah.

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But then there's also the other side of can't be killed also means lives forever.

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One of them might be a little more optimistic than the other or at least have a, I don't know, at least have a shinier surface to gaze upon.

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And Land explicitly talks about using horror as a form of art to construct concepts, to explain abstract notions to ourselves, that abstraction is fully brought or most fully brought into art through conventions of horror.

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And he talks about other types of, you know, the fly, the movie, the fly, the mutation in that movie is a way that form escapes itself. So we can talk about the thing that is being formed with a capital F, what that means, and then mix abstraction with images and come to a better understanding through horror.

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And it goes along with human psychology, too, in that Tony Robbins, big fan of saying that change is something that you don't do until the pain of staying the same exceeds the pain of changing.

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And so there is, Tim Ferriss talks about this with like a fear setting practice, which is like putting in your mind the consequences of your actions if you continue down that path in order to incite in yourself enough fear to change so that hopefully you don't have to go through that rock bottom.

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Hopefully you don't have to go through that, you know, sleeping in a ditch or whatever to make that change.

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So fear, fear and horror, which is, you know, it's using fear to generate this emotional response, very useful to affect positive change.

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So, yeah, I don't begrudge land one bit for using that as a mechanism.

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No, and it's helpful to explain. And bringing us back to where Brady starts here with a natural notion of time, it strikes me too, he doesn't talk about, but there's also the circadian rhythms of the body. We also, we look to nature to observe maybe a more objective sense of time, but we're also born with a sense of time, right?

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I mean, maybe that's like pegged to nature, like the sun coming up keys our biological clock into that rhythm.

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And so we know when to sleep and when to be wakeful and things like that.

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But we do have this notion of natural time as Brady develops here as a sort of humane time, a sort of slow time, a time in which we can do things like build pyramids, projects that take, I imagine, either hundreds of years or aliens.

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Yeah, I was going to say four aliens.

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Four aliens, right.

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Yeah.

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I got to say that I heard this great comedian make a great joke about – he's Mexican, by the way, so he's allowed to say this.

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Yeah.

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He says that Mexicans are proof – no one ever doubts that Mexicans do work because we look at the pyramids of Giza and we're like, we have no idea how those were built.

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We have no clue.

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But it turns out that there's pyramids in Mexico.

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They're even bigger.

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And no one questions who built those.

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So like, yeah, definitely Mexicans.

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That is a funny joke.

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Yeah.

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Yeah.

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Just want to throw that in there for our Mexican brethren.

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Yeah.

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Timekeeping mechanisms then develop in the form of like to keep natural time like sundials and obelisks to measure like lengthening shadows, things like that.

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There's been a moment in Brady's accounting of natural time where things shift.

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I really thought this was an interesting part of his talk.

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We're talking about natural time.

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He then talks about what the Babylonians did.

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They, he says something like, brought time into the ledger.

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They're the ones that gave us, through their Bay 60 system, which we kind of take for granted,

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we get 24 hours, 60 minutes, 60 seconds as a way to account for the day.

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But that whole notion of making time quantifiable,

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that we're talking about this before we watch the talk and we're talking throughout it,

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very annoyingly.

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If we had been there,

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it would have been not fun.

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But as we were watching Brady's talk,

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we were talking,

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and like the first notion

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of natural time tied

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to the rising of the sun,

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the falling of the sun,

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the stars,

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their movements throughout the year,

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it's kind of this fluid time almost.

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And it's a longer time.

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There's no minute.

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There's no second.

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Fluid is the word for it.

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Yeah.

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It's not delineated

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into chop, chop, chop, chop.

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Yes.

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And the Babylonians, though,

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chop it for the first time.

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Again, they give us

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this idea of quantity.

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And when quantity enters the picture, time changes.

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It's a ledger.

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We can account for it and do things.

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We can make our day a sort of account book.

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We know for this number of minutes or hours, I'll do this thing.

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And that's when he talks about monastic life as a sort of regimentation of the day.

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They have mechanical clocks and bells ring throughout the day.

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And they're able, now we quantify time.

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And so that changes spiritual life even a bit.

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Maybe before you had solar religions that even worshipped the sun as a deity of God.

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God is now more abstract, abstract, and other forms of monotheism.

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Spiritualism is different.

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And in monastic accounting, the day becomes maybe commodified in a sense and regimented and a thing where you can move the minutes around like dollars or cents, right?

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I really liked your analogy of how with time we're able to turn monasteries into somewhat of like a factory of religion where, you know, here's your one bowl of gruel and your 14 Hail Marys and your 25.

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You can literally clock in at the beginning of the day.

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Yeah, it's like, you know, I just, I'm checking this stuff off as I go through the day, and now I've completed my shift of monking. I'll go monk somewhere else for a bit and rest my monkey.

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uh-huh okay but monking is a lot more there is a certain form of spirituality that is enabled by

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regimentation of time we also discussed this i went to a silent meditation retreat and time is

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kept there was kept there throughout the day by bells gongs ringing and you knew meditation was

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over when a gong would ring and if you didn't have that way an external referent to pull you

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out pull you out of your meditative space it'll be very difficult to meditate because you wouldn't

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have you couldn't say i'm going to sit down for an hour you would sit down meditate and then lose

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any external reference you move into interior space it's tough to tell when you're meditating

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if you've been there for 10 minutes or 10 hours in a sense because time is different when you're

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inside yourself only dilates maybe or maybe it contracts at points.

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But that's where, yeah, I brought this up.

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That's where I kind of, I think I disagree because I feel like meditation certainly was

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around prior.

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And I'm sure that people sat cross-legged and closed their eyes and cleared their head.

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And I would assume that they just stopped meditating when the job was done.

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The job.

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the job of meditating or the task or whenever they felt as though they were done.

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And I think I understand what you're saying where because meditation is difficult,

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that you have that clock and you have that knowing that I am going to sit here until that bell rings,

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even though I want to get up, even though I'm not comfortable, even though this does not feel good right now.

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And I can see how that would be incentivizing to do that.

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But I question whether or not meditation was difficult prior to time.

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I wonder if it was.

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I bet it's always been difficult.

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I don't know.

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I mean, prior to the keeping, mechanical keeping of time?

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Yeah, I mean, the reason meditation is difficult right now is because we live in this fiat world of the extraction and attention economy.

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And I think that it, I was at the network school with a bunch of meditators and some that were, I mean, you know, multiple 11 day retreats per year.

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And they were doing this every day.

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Mikey would lead meditations every single morning and every single night.

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And for him, because he lived that lifestyle, it was never a chore. It was not difficult. And so because he didn't have, like, I'm just saying that sans the distractions of the modern life, I don't think meditation would probably be difficult.

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perhaps i it would definitely be less difficult but you have a meditation leader you have somebody

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who's charged with keeping time in a sense keeping things in order because one of the most

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meditation is about disregarding invasive thoughts redirecting your attention to your breath

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to something to sensation of the body something like that one of the most invasive thoughts you

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experience is do i need to attend to some other matter because some amount of time has passed

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Right. And that's all I'm saying there.

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Yeah. But before you have a concept of time and when time is fluid and it's not chopped up, then I think that you're just sitting there and you go, well, I ate and I'm in a safe place.

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So that's it. Yeah.

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Like, yeah, I don't think you're worried about answering emails or checking your checking Twitter.

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Without things to urgently attend to, meditation is more fluid. Maybe to go back to our earliest metaphor, natural time has this fluidity to it because it's not chopped up into pieces by tasks you need to attend to.

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So after talking about Babylonians making time quantifiable, Brady kind of moves on, talks about this idea of networked time.

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And that's kind of into the modern era now where we have clocks, but every town maybe sets their clock to the noon of that town.

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So a town 15 miles over has a slightly different noon, a town 30 miles slightly different.

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But network time, then we get the telegraph. We're able to coordinate across vast distances because we can communicate at great speeds and say, no, we're going to go by the time at this observatory and it will communicate outward to others.

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So this is, we read quite some time ago, Lynn Alden's Broken Money, and she marks a turning point with the, like kind of the invention of speed.

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Speed is kind of not formally invented, but it's innovated when we get the telegraph and that collapses space in a very important way.

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Maybe not necessarily so much innovated as realized to be an integral part of commerce because the telegraph separating the speed of commerce from the speed of settlement, which previously had always been harmoniously intertwined.

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Yeah. And in Alden's accounting to time or speed was a centralizing force because when you have network time, then you get consolidated time zones. There's not a patchwork of different times. It becomes and then that network becomes global at a certain point.

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swenson notes you have atomic clocks you have gps you have the ability to have one the world

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becomes one clock or on one sort of time dictated by a mechanism we can all refer to that communicates

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to us at the speed of light yeah and it's it's centralizing in a way yeah um and it's beneficial

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to humanity and civilization because it enables organization.

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I think about the patchwork of different times in different towns.

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He notes that at one time there was like at least 144 different times.

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I don't know if he was referring to us in the United States or across the world, but

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that's a lot.

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Yeah.

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But it makes me think of like the period of wildcat banks where it was everybody had their own bank and there was a bank here and there was a bank here and there was a bank there and everybody was just doing their own thing and they were disconnected.

206
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And wow, that – so there's good and there's bad to centralization.

207
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The good is that you can do things fast.

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The bad is that when it fails, everything fails.

209
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Yeah.

210
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Flip side, on the decentralized Wildcat Bank, the Wildcat Time side is that when one bank fails, not all the rest of them do.

211
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In this town when whatever, Johnny forgets to ring the bell at noon or something like that and everybody's screwed up for the rest of the day, it's just that town and it's just that day.

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Yeah.

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And one interesting part of Alden account was that time that the telegraph and the centralization of time enables fiat

214
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And it's almost a good story.

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It was a story of technological progress before you'd have to carry your gold with you everywhere and commerce could only move at the speed of a horse or whatever.

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And after that, and so like when we get the telegraph, gold centralizes in banks and they can communicate quickly amongst themselves.

217
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What you mentioned, though, is you mentioned earlier just about civilization.

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And here's a quote from Swinson that kind of moves us in, I think, the next part of his talk and really the overall point of his talk.

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new clocks don't just tell time they fundamentally reorganize work coordination and the entire tempo

220
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of civilization so we saw moving from natural time to babylonian quantification of time

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to network and centralized time within that dynamic you have different civilizations that

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arising and the tempo of life in those civilizations the cadence as swinston says is different for each

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of those civilizations um you have natural rhythms then you have mechanical rhythms then you have

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ever once you have mechanical rhythm it becomes kind of accelerating this um machines become

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faster and communicate the speed of light and so the tempos of civilizations change too yeah you

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think about having a, you know, you would have a conversation, you and I would live in different

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towns and we would have a conversation whenever you visited my town. And I, you know, interestingly

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enough though, you would really make an effort. If you came to my town, you would really make an

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effort to come see me because that would be the only time that we could, it wouldn't be like,

230
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oh, I'm in a hurry. You know, I got to get back. Right. And then after that, we got the letters and

231
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Okay, so we could communicate a little faster, speed of a horse, you know, speed of somebody walking on foot to start with and then a horse and then a train.

232
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And then the electric age, the digital age, you know, the speed of the telegraph, the speed of the email.

233
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And I think if you read older books and you read the things that people wrote about each other, it's very clear that there seems to be an inverse relationship between the speed at which you're able to communicate and the depth at which the relationship ultimately can go.

234
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But, you know, you just have deeper relationships because you because that everything goes back to scarcity.

235
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That opportunity to communicate is so much more scarce.

236
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Yeah. And when you wanted to communicate face to face, it was an approximate affair.

237
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You couldn't say, I'll meet you at 335.

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You would say, I'll meet you in late afternoon or something or some other way when the sun is at such and such point.

239
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And so like coordination was approximate. And you could imagine, I would imagine, yeah, that would change the nature of the eventual face-to-face contact you would have too because it wouldn't be so regimented. You would arrive maybe 10, 15, half an hour early than the person and you wouldn't worry about that. You would arrive and be there and be like, oh, you know, I have to wait. This is just the way it is. It's approximate.

240
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And you wouldn't know probably that you were 10, 15.

241
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Exactly, yeah.

242
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You would just be like, oh, they're not here yet.

243
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Right.

244
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Another thing when you mention like the proximate nature of it is just like you and I sitting here, we both have energy.

245
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We both are giving off some sort of energy field.

246
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We are both – this used to be woo-woo, but it's not anymore.

247
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It's a very recognized science now that we operate at a certain frequency.

248
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And when you're in proximity with another person, when you're face to face with that person, then you have a far different experience.

249
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There is a sinking, I guess.

250
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There is definitely.

251
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Yeah, breathing.

252
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We probably take on another's breathing.

253
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somebody near you was hyped up and yeah i mean you're going to not only feel maybe the hormones

254
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like the adrenaline or something like that smell that coming out in their sweat but also their

255
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quickened breathing is probably going to quicken your breathing and you need to slow things down

256
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sometimes to be able to communicate yeah and you don't know that when you're writing a letter and

257
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you don't know that when you're maybe a little bit when you're on the phone but you don't really

258
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know that when you're posting on your facebook or stuff but in that biological notion of sinking

259
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time probably very important in the past if someone comes running up because there's a tiger

260
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there you need to sync up very quick on your internal clocks to deal with the tiger so up to

261
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this point to kind of recap where we have where we've gotten so far in the talk first there's

262
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natural time the rhythm of the earth and the sky sundials and calendars um patient cyclical time

263
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very humane in a sense because it's very human human scale um cyclical in the sense that it's

264
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like tide to seasons and tides and the stars as they go around the earth,

265
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tide to nature.

266
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That's natural time.

267
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And then machine time, we saw the advent of that

268
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so far in the progression of this talk.

269
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Machine time, the rhythm of industry and computation, too.

270
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Chronometers, atomic clocks, the tempo is very precise.

271
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The Babylonians chop it up, and now we've chopped it up even more

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and measured it.

273
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And we saw, too, that machine time accelerates with technology.

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Natural time is pegged at nature, and it's human in that sense.

275
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Machine time can escape the human.

276
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I think about another thing that Lan said that I thought was incredibly fascinating.

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There's more time at the bottom.

278
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When you're a machine, if you can kind of compute more and more quickly, then you can slow time down because you can get more done in that same amount of time.

279
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And there's more time at the bottom is just to say once you begin to do 40,000 computations a second or 60,000, 100,000, whatever that means, then you move more towards the bottom of like the very bottom of time, like Lan says, is like the time it takes a photon to move a Planck's length or something like that.

280
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And you can imagine if you can approach thinking at that time, it's vastly accelerated for humans because we can't approach that even if machines can.

281
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They can move towards the bottom and we can't.

282
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We're stuck.

283
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This is where we start to make consistently one of the most fatal errors of humans, which is to believe that if some is good, more is better.

284
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Which is to say that if I can do this amount of work in two hours and you can do it in one hour and the work is equivalent, then you're better.

285
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But that's not better.

286
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Only better is better.

287
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And so we stop looking at how to improve and innovate, and we only focus on the iteration, which is, I think, why that's, you know, I'm certainly not alone in saying this.

288
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And I'm certainly it wasn't an original idea of mine, just an observation that I had from reading and listening to other people.

289
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But the 20th century and in a lot of ways, most of the 21st as well, has been lacking in innovation and has been almost wholly defined by iteration.

290
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You know, the car was invented 125 years ago or so, and we still got cars, four wheels and a steering wheel.

291
00:27:21,470 --> 00:27:27,030
Yeah. Do we, though? We have a thing that is almost unrecognizable compared to the early car, I would say.

292
00:27:27,170 --> 00:27:31,730
It's better, but it's not different. It's just innovated. Or, sorry, it's just iterated.

293
00:27:31,950 --> 00:27:33,330
They're so vastly different.

294
00:27:33,870 --> 00:27:39,710
But no, they're not different. They're the exact same thing. There's four wheels, there's an engine, there's doors, there's windows, there's radio.

295
00:27:39,710 --> 00:27:41,110
You live a different life if you have a car.

296
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You have a better radio, you have a more comfortable seat, you have a faster car, it's more safe. But nothing about it is teleportation.

297
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It's teleportation.

298
00:27:48,250 --> 00:27:49,050
But it's moving towards.

299
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And nothing about it is – it's not a flying car.

300
00:27:54,410 --> 00:27:58,990
But it's – flying cars are less impressive than autonomous cars.

301
00:27:59,130 --> 00:27:59,390
I disagree.

302
00:27:59,650 --> 00:28:02,910
To talk about Jonathan – like we talked – not Jonathan Kirkwoods.

303
00:28:02,950 --> 00:28:04,030
It was Booth, right?

304
00:28:04,350 --> 00:28:13,090
Like once you know fully autonomous cars, then the nature of life changes because you can let your car out as part of a taxi fleet when you're not using it.

305
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It can drive around.

306
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We only need one car for every five households.

307
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Things like that.

308
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A fully autonomous car is nothing more than a horse that's trained better than the rider.

309
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It's just the horse that knows where to go.

310
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You know, it's not the next step.

311
00:28:28,510 --> 00:28:32,550
Maybe if we had horses like that, that would be a phenomenal innovation on horses, too.

312
00:28:33,290 --> 00:28:34,670
I mean, we do have horses like that.

313
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A horse that can, like—

314
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Little pony rides that you go on.

315
00:28:37,430 --> 00:28:38,570
Let it out at a stable at night.

316
00:28:38,670 --> 00:28:41,890
It runs around, helps somebody else, comes back, powers your house.

317
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when your personal solar grid in your house is down,

318
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use its backup battery.

319
00:28:47,570 --> 00:28:50,590
But in any case, natural time, machine time,

320
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there's this third notion of time that Cody,

321
00:28:53,370 --> 00:28:56,310
that Brady brings into this.

322
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Bridging nature and machine, that's Bitcoin.

323
00:29:01,410 --> 00:29:04,770
So that's, DurrGG kind of has this notion

324
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of creating time in digital space.

325
00:29:10,810 --> 00:29:24,910
And then Brady notes that you're bringing nature into the digital realm through proof of work. He calls it, it's a good metaphor, a sundial in cyberspace. The sundial is nature. That's powered by the sun, right?

326
00:29:24,910 --> 00:29:34,590
cyberspace is obviously a machine technological innovation so a sundial in cyberspace bitcoin

327
00:29:34,590 --> 00:29:41,970
weds nature and machine to bridge the two notions of time together in the form of tick tock next

328
00:29:41,970 --> 00:29:48,470
block powered by computation which is work which is time and energy real world energy

329
00:29:48,470 --> 00:29:54,730
making machine time something that doesn't constantly accelerate

330
00:29:54,730 --> 00:29:59,310
but is pegged to the 10 minutes that is legible to humans.

331
00:30:00,710 --> 00:30:01,670
Nothing to add.

332
00:30:01,910 --> 00:30:02,470
Nothing to add.

333
00:30:02,590 --> 00:30:02,710
Yeah.

334
00:30:03,930 --> 00:30:05,710
Natural time keeps us human.

335
00:30:05,710 --> 00:30:07,650
Machine time drives us forward.

336
00:30:07,950 --> 00:30:10,030
Bitcoin time bridges the two.

337
00:30:10,630 --> 00:30:14,610
So if clocks define our temporal landscape,

338
00:30:14,610 --> 00:30:40,330
Again, the point of Brady's talk is to get us to think about what this means for the cadence of civilization. If the nature of the clock of a particular civilization defines the cadence of life, the tempo of life, what does that mean for life when Bitcoin bridges the two? How does life change when the tempo changes?

339
00:30:40,330 --> 00:30:57,010
Yeah, so we can bring in a little land here, I think. If natural time keeps us human and machine time pushes us forward, Bitcoin time pushes us forward, Bitcoin bridging the two, well, what should that mean?

340
00:30:57,010 --> 00:31:17,210
And that should mean if we take Nick Land at his theory and we accept that Bitcoin is the escape valve through which AI and robotics will take capitalism into autonomous capital and do all the work.

341
00:31:17,210 --> 00:31:26,430
so bitcoin ai and robotics will do all the work to push us forward and then we should be able to

342
00:31:26,430 --> 00:31:32,410
return to human time we should be able to return to natural time yeah one would hope yeah i i this

343
00:31:32,410 --> 00:31:38,630
wasn't necessary i almost saw this as a contradiction in land or something that land needed to resolve

344
00:31:38,630 --> 00:31:45,130
that brady's bringing to the forefront and that you know so land is describing a notion of capital

345
00:31:45,130 --> 00:31:50,230
as acceleration, as there's a dynamic in it

346
00:31:50,230 --> 00:31:52,570
where it's always moving into the future

347
00:31:52,570 --> 00:31:53,870
at an accelerating rate.

348
00:31:54,570 --> 00:31:58,130
Land defines it in the terms of intelligence optimization,

349
00:31:58,130 --> 00:32:03,150
I think, with AI being the form that capital

350
00:32:03,150 --> 00:32:06,670
will kind of push towards.

351
00:32:08,150 --> 00:32:09,050
The form of intelligence.

352
00:32:09,290 --> 00:32:12,270
Yeah, but in any case, capital accelerating,

353
00:32:12,790 --> 00:32:14,310
but then even on Land's notion,

354
00:32:14,310 --> 00:32:21,370
Bitcoin as a zombie, as an eternal thing, there's a slowness to that even in land's accounting for what Bitcoin is.

355
00:32:21,370 --> 00:32:32,890
So if capital accelerates, but Bitcoin does not, if it stays in the same, what does that do to how those two mix accelerationism and the slowness of Bitcoin?

356
00:32:33,150 --> 00:32:35,210
I think that's kind of what Brady is talking about here.

357
00:32:35,210 --> 00:32:53,370
I think we need to distinguish what accelerationism is because it's not the capital being useful, I think, or capital perfecting itself is kind of, I think, what Land is talking about when he talks about acceleration.

358
00:32:53,370 --> 00:33:04,630
and i think that can coexist with the idea of bitcoin being unchanged because bitcoin is just

359
00:33:04,630 --> 00:33:12,510
part of the thing that makes that capital work and when he talks about perfecting

360
00:33:12,510 --> 00:33:18,090
you know autonomous capital well if you perfect something then that means that the components of

361
00:33:18,090 --> 00:33:23,390
it would be unchanged right so or that it's constantly improving on itself i don't know

362
00:33:23,390 --> 00:33:28,410
that there's perfection but there's like an asymptotic i mean perfection means you're not

363
00:33:28,410 --> 00:33:31,770
going to change anything if you arrive at a perfect state yeah don't change a thing right

364
00:33:31,770 --> 00:33:35,810
literally what people say yeah i don't think i think accelerationism is not about perfection but

365
00:33:35,810 --> 00:33:43,170
about constant improvement at an ever-increasing rate yeah and yeah an asymptotic yeah yeah um but

366
00:33:43,170 --> 00:33:57,970
In any case, so acceleration, Brady would agree, and I think Lamb would agree too, maybe that acceleration, the fiat monetary system has a relationship to acceleration.

367
00:33:59,010 --> 00:34:04,250
That it is instant, untethered digital creation.

368
00:34:04,630 --> 00:34:07,290
It can increase just as fast.

369
00:34:07,290 --> 00:34:19,870
And maybe that's kind of what Booth is talking about, that that's why it kind of counters deflation with technology because it keeps on bringing the future into the present through printing more money.

370
00:34:20,130 --> 00:34:25,410
And that must be why time feels like it's passing so fast because we're not just living this moment.

371
00:34:25,550 --> 00:34:30,910
We're living all of the future time that we've pulled into the present through death.

372
00:34:31,270 --> 00:34:31,550
Right.

373
00:34:31,550 --> 00:34:40,690
And so we're living the next 30 years at – or in the case of a government debt, you know, the next 300 years at any given second.

374
00:34:40,950 --> 00:34:52,950
And so that would make sense for why we feel as though time passes faster and faster as we move further about towards the end of yet another fiat experiment.

375
00:34:52,950 --> 00:34:53,130
Yeah.

376
00:34:53,130 --> 00:35:00,890
The fiat experiment's interesting because it's one of those experiments that people – you brought up the other day the replication crisis.

377
00:35:01,510 --> 00:35:02,170
I think that's what it's called.

378
00:35:02,290 --> 00:35:02,710
Within the humanity.

379
00:35:02,890 --> 00:35:03,990
Or not within science.

380
00:35:03,990 --> 00:35:04,530
Within science.

381
00:35:04,590 --> 00:35:04,690
Yeah.

382
00:35:04,930 --> 00:35:06,310
Well, I mean, science is science.

383
00:35:06,430 --> 00:35:07,490
Science just studies stuff.

384
00:35:07,630 --> 00:35:09,150
I mean, study your Diet Coke.

385
00:35:09,250 --> 00:35:10,270
It can study this table.

386
00:35:10,370 --> 00:35:11,250
It can study the air.

387
00:35:11,630 --> 00:35:13,410
It can also study fiat.

388
00:35:14,230 --> 00:35:19,470
And there's no replication problem with fiat experiments.

389
00:35:19,630 --> 00:35:20,650
They all turn out the same way.

390
00:35:21,250 --> 00:35:21,690
Yeah.

391
00:35:21,690 --> 00:35:30,930
They all end and they all go to hell and the money is no longer worthless and maybe it's kept around in a museum or something like that.

392
00:35:30,930 --> 00:35:51,410
Yeah. So in this, how this kind of catches on to us, the instability of accelerating fiat as it keeps pace with technology is something the human experience of that Brady calls quiet coercion.

393
00:35:51,410 --> 00:36:11,650
Yeah, that's the erosion of our human scale of time as we see machine time accelerating and money accelerating with us, with it, and money being the way that we try to, like, what, you know, freeze time into units so that we can capture value in them and store them.

394
00:36:11,650 --> 00:36:18,310
and so is that that that combination is unstable essentially fiat money and a machine that the

395
00:36:18,310 --> 00:36:24,750
machine time that keeps on accelerating giving way to the quiet coercion that operates on all of us

396
00:36:24,750 --> 00:36:31,450
when i'm just to get into it like what this is what the kind of the core of brady's talk the

397
00:36:31,450 --> 00:36:39,530
cadence of civilization is a quiet coercion on us right now how we no longer have long-term projects

398
00:36:39,530 --> 00:36:42,550
We no longer do things to prepare for the future.

399
00:36:42,770 --> 00:36:48,150
Time, pressing future time into the present because capital cannot rest.

400
00:36:48,710 --> 00:36:48,950
Yeah.

401
00:36:49,130 --> 00:36:53,430
And it can't rest because if it were to rest, then it would disintegrate.

402
00:36:53,550 --> 00:36:54,350
It would fall apart.

403
00:36:54,490 --> 00:36:54,710
Yeah.

404
00:36:54,810 --> 00:37:07,310
Because if you let your capital, which is decaying at a rate of 12% a year, if you let it sit, then in a decade you have effectively nothing.

405
00:37:07,810 --> 00:37:07,930
Yeah.

406
00:37:07,930 --> 00:37:11,530
I mean, you've lost 70, about 60, 70%.

407
00:37:11,530 --> 00:37:21,450
So, yeah, so you can't rest, which forces you to continually chase short-term profits,

408
00:37:21,710 --> 00:37:31,170
which I've said on here before, that pushes you in the direction of iteration and away from innovation because innovation is unknown.

409
00:37:31,530 --> 00:37:34,070
We don't know how long it's going to take to figure out teleportation.

410
00:37:34,170 --> 00:37:35,870
We do know it's going to be better than a car.

411
00:37:35,870 --> 00:37:38,850
but you can't put a quarterly earnings report on that.

412
00:37:39,390 --> 00:37:42,330
And so what do we do is we just keep making a better car

413
00:37:42,330 --> 00:37:45,470
because you can put a quarterly earnings report on that.

414
00:37:46,070 --> 00:37:51,570
And so we get stuck in this, one of Elon's rules is,

415
00:37:51,970 --> 00:37:56,630
you know, a good engineer should never optimize something that shouldn't exist.

416
00:37:56,630 --> 00:38:00,230
And he says the most common mistake that all engineers make

417
00:38:00,230 --> 00:38:02,050
is to optimize something that shouldn't exist.

418
00:38:02,670 --> 00:38:05,010
And there's a lot of technologies that we have around today

419
00:38:05,010 --> 00:38:07,330
that probably shouldn't exist

420
00:38:07,330 --> 00:38:09,670
because we stopped thinking about

421
00:38:09,670 --> 00:38:12,850
how to do things differently

422
00:38:12,850 --> 00:38:15,630
and we only thought about how to do them better.

423
00:38:16,010 --> 00:38:16,650
Quicker, yeah.

424
00:38:16,870 --> 00:38:18,250
Things became disposable.

425
00:38:18,530 --> 00:38:20,610
Instead of repairing, you just got rid of.

426
00:38:20,830 --> 00:38:21,410
The plastic generation.

427
00:38:21,410 --> 00:38:23,450
Plastic furniture, yeah, things like that.

428
00:38:23,850 --> 00:38:28,310
And I really like the terms that Brady uses throughout this.

429
00:38:28,370 --> 00:38:29,550
Quiet coercion is good.

430
00:38:30,070 --> 00:38:31,250
Restless capital, too.

431
00:38:31,350 --> 00:38:32,750
Like, that's the notion of capital we have.

432
00:38:32,870 --> 00:38:33,650
Restless capital.

433
00:38:33,650 --> 00:38:34,510
It can't sit still.

434
00:38:34,650 --> 00:38:36,990
It's agitating because it's melting.

435
00:38:37,290 --> 00:38:38,030
It's the ice cube.

436
00:38:38,130 --> 00:38:40,910
It's got to keep on moving or else it's going to melt away.

437
00:38:41,030 --> 00:38:41,590
Something like that.

438
00:38:42,050 --> 00:38:42,490
It's tweaking.

439
00:38:42,670 --> 00:38:44,430
It needs another hit, man.

440
00:38:44,490 --> 00:38:46,370
Another stim, another Keynesian stimulus.

441
00:38:47,830 --> 00:38:49,630
Just give me a little, just a little stimmy.

442
00:38:49,770 --> 00:38:50,170
Just a little stimmy.

443
00:38:50,390 --> 00:38:57,390
So you have restless capital, but Bitcoin bridges and changes because Bitcoin can sit still.

444
00:38:57,390 --> 00:39:12,540
You don have to find the next form of capital to improve on your returns You can sit still You can put your money into Bitcoin hold the Bitcoin and then sit still and do something else It not everybody an investor

445
00:39:12,720 --> 00:39:15,380
everybody's finding the next meme coin or meme stock

446
00:39:15,380 --> 00:39:18,920
or trying to prophesy the next trend.

447
00:39:19,340 --> 00:39:20,580
You don't have to do that.

448
00:39:20,660 --> 00:39:22,640
You can dedicate your mental energy,

449
00:39:22,880 --> 00:39:24,980
your physical time to something else.

450
00:39:25,160 --> 00:39:27,240
Put your money in Bitcoin, let it sit,

451
00:39:27,360 --> 00:39:28,300
and do something else.

452
00:39:28,560 --> 00:39:29,700
The capital sits still.

453
00:39:29,700 --> 00:39:49,780
Yeah, it gives you opportunity to innovate because you have a new hurdle rate and your hurdle rate is now Bitcoin instead of cash or fiat. And the reason why fiat is restless is because its hurdle rate is much lower than the hurdle rate of other things.

454
00:39:49,780 --> 00:40:00,400
real estate, collectibles, wine, horses, racehorses, you know, fancy cars, whatever.

455
00:40:00,720 --> 00:40:05,580
These things that because they do have some scarcity or at least relative scarcity, they

456
00:40:05,580 --> 00:40:11,1000
can, until the bubble bursts on them, they can outperform and therefore have a higher

457
00:40:11,1000 --> 00:40:13,340
hurdle rate than the fiat.

458
00:40:13,340 --> 00:40:22,880
But because there's nothing more scarce than Bitcoin, it just inevitably will have a higher hurdle rate.

459
00:40:23,460 --> 00:40:28,240
And therefore, you just won't do things unless they're worth doing.

460
00:40:28,760 --> 00:40:28,780
Yes.

461
00:40:29,140 --> 00:40:29,600
Yeah.

462
00:40:30,920 --> 00:40:36,480
The end result of Rust is Capital is you move towards speed and short-termism.

463
00:40:36,740 --> 00:40:36,920
Yeah.

464
00:40:36,920 --> 00:40:37,140
Yeah.

465
00:40:37,840 --> 00:40:40,740
The instant becomes the default expectation.

466
00:40:41,380 --> 00:40:43,280
And this is, we were talking about this before, too.

467
00:40:43,340 --> 00:40:51,160
this is the cadence of civilization point this is that there's a psychological result that comes

468
00:40:51,160 --> 00:40:56,980
from our time keeping mechanism if we keep keep time according to the pace of technology and

469
00:40:56,980 --> 00:41:02,500
restless capital then it socializes impatience yeah i love that term yeah a lot is impatient

470
00:41:02,500 --> 00:41:08,980
why do you love that term because it's a more clever way of saying instant gratification and

471
00:41:08,980 --> 00:41:22,980
I think it more accurately explains the phenomenon that we're experiencing because instant gratification doesn't necessarily give me the impression that it applies to everyone, but socialized impatience, that does.

472
00:41:22,980 --> 00:41:28,940
That explains why we all have the same kind of undercurrent of anxiety.

473
00:41:29,240 --> 00:41:31,400
We all have the same impatience.

474
00:41:31,560 --> 00:41:51,460
We all have the same lack of ability to focus on long-term projects and accelerating it getting worse and forgetting that we actually, if you're our age, that you actually did grow up in a world that didn't have that, at least nowhere near to the extent that we do today.

475
00:41:51,460 --> 00:41:59,460
um and so yeah that's i i just i i've never heard anybody use that term so tiktok next block and

476
00:41:59,460 --> 00:42:04,120
socialized impatience yeah and socialized impatience too as we were talking about before

477
00:42:04,120 --> 00:42:14,820
it also is a humane way to describe it because um it makes it general and acknowledges that

478
00:42:14,820 --> 00:42:20,720
to a certain extent it's outside of our control if people can you can feel bad if you think that

479
00:42:20,720 --> 00:42:24,840
It's my fault, wholly my fault, that I can't pay attention.

480
00:42:25,040 --> 00:42:25,1000
I can't sit still.

481
00:42:26,100 --> 00:42:27,360
I can't plan for the future.

482
00:42:28,160 --> 00:42:32,060
And, of course, we should retain personal agency with regard to that.

483
00:42:32,140 --> 00:42:36,160
We can plan for the future regardless of the tempo of civilization.

484
00:42:36,680 --> 00:42:39,840
But it's also good to note that, no, this is a more general problem.

485
00:42:39,960 --> 00:42:41,020
We're all dealing with it.

486
00:42:41,100 --> 00:42:41,720
It is due to—

487
00:42:42,620 --> 00:42:42,1000
It's environmental.

488
00:42:43,280 --> 00:42:43,620
Yeah.

489
00:42:43,620 --> 00:42:50,620
It's the science of habit formation says that if you want to change a habit, that you'll—

490
00:42:50,720 --> 00:42:57,340
You know, you'll die trying to change it in the face of living in the same environment that you created that habit.

491
00:42:58,240 --> 00:43:07,500
And so for that reason, when you serve time in a penitentiary and they release you, they say, don't go home because home is what got you here.

492
00:43:08,220 --> 00:43:10,920
But whatever home was, go find a different one.

493
00:43:11,960 --> 00:43:19,860
You know, when you get out of treatment, if you're in like alcohol or drug treatment, don't go back to your friends because those are the friends that got you here.

494
00:43:19,860 --> 00:43:20,300
Yeah.

495
00:43:20,720 --> 00:43:37,680
You have to remove those stimuli from your environment because it's not a question of willpower. It's a question of environmental availability. And if it's there, you're going to use it and you're going to become subject to it.

496
00:43:37,680 --> 00:43:48,760
especially in this age when the technology that we use is truly weaponized in order to capture

497
00:43:48,760 --> 00:43:56,860
attention, in order to drive you to more of that short-term gratification, because that is valuable

498
00:43:56,860 --> 00:44:02,220
short-term for the companies that are doing it. I think one of the things we'll see when we look

499
00:44:02,220 --> 00:44:08,900
back on this age 20 to 30 years from now hopefully we're completely out of this by now and i think

500
00:44:08,900 --> 00:44:17,100
we're moving you see signs of that you see signs of people moving away from that and voluntarily

501
00:44:17,100 --> 00:44:22,960
disengaging from these technologies that have just ravished their ability to focus and their ability

502
00:44:22,960 --> 00:44:30,180
to form deep relationships and do things but yeah i think we're going to look back at a lot of these

503
00:44:30,180 --> 00:44:36,100
behemoth companies, Netflix and TikTok and Facebook.

504
00:44:36,100 --> 00:44:40,540
And we're going to say, whoa, not quite sure how much good they did for us.

505
00:44:40,940 --> 00:44:41,060
Yeah.

506
00:44:41,340 --> 00:44:41,620
Yeah.

507
00:44:46,140 --> 00:44:54,100
This restless capital then socializing impatience and these technological trends

508
00:44:54,100 --> 00:44:57,240
that, I mean, you give name to them in the form of companies,

509
00:44:57,240 --> 00:45:04,860
what they're inhibiting or preventing are very practical things, very real things.

510
00:45:05,620 --> 00:45:13,180
Things like, Brady notes, mastering a skill, building a family, saving, pursuing a long-term project.

511
00:45:14,540 --> 00:45:15,140
Apprenticeship.

512
00:45:15,320 --> 00:45:17,980
Apprenticeship, yeah, childhood topsoil.

513
00:45:18,080 --> 00:45:18,980
We were talking about that.

514
00:45:18,980 --> 00:45:25,300
It's such a great analogy because topsoil, if you don't have the right agricultural practices,

515
00:45:25,300 --> 00:45:28,880
if you cut down all the trees, something like that,

516
00:45:29,180 --> 00:45:33,440
you can lose the topsoil in one season that took generations to accumulate.

517
00:45:33,860 --> 00:45:34,740
But it's fertility.

518
00:45:35,160 --> 00:45:35,260
Yeah.

519
00:45:35,420 --> 00:45:39,080
It's such a great analogy because we live in an extraction economy.

520
00:45:39,260 --> 00:45:39,420
Yes.

521
00:45:39,900 --> 00:45:40,940
Where we're extracting.

522
00:45:40,940 --> 00:45:42,420
You need to extract because capital is restless.

523
00:45:42,580 --> 00:45:43,080
You need to get it now.

524
00:45:43,080 --> 00:45:43,580
You have to.

525
00:45:43,740 --> 00:45:43,920
Yeah.

526
00:45:43,920 --> 00:45:48,040
And because of the way now it's changing,

527
00:45:48,880 --> 00:45:53,100
regenerative practices are becoming much more popular.

528
00:45:53,100 --> 00:46:00,060
and I did my graduate work on some of those practices

529
00:46:00,060 --> 00:46:01,640
and they truly are incredible,

530
00:46:01,840 --> 00:46:06,240
but agriculture is itself an extractive process.

531
00:46:06,240 --> 00:46:08,1000
What you do is you have land

532
00:46:08,1000 --> 00:46:11,820
and you are extracting water and minerals

533
00:46:11,820 --> 00:46:13,640
in water, minerals and nutrients

534
00:46:13,640 --> 00:46:16,460
in the form of whatever crop that you're taking off of it.

535
00:46:17,140 --> 00:46:22,140
And so as we have accelerated our desire

536
00:46:22,140 --> 00:46:29,160
to maximize yield. And we have to maximize yield because the prices haven't changed. You know,

537
00:46:29,280 --> 00:46:36,780
wheat is effectively the same price per bushel today as it was 60 years ago. So you have to

538
00:46:36,780 --> 00:46:42,500
maximize the yield because all of your inputs have gone up, your fertilizer and your land and

539
00:46:42,500 --> 00:46:49,340
your diesel and your tractor, all of these things, they've all accelerated. And so what we end up

540
00:46:49,340 --> 00:46:56,840
doing is every single year we take off all of these things and then we go buy them in a different

541
00:46:56,840 --> 00:47:04,540
form our nitrogen our phosphorus or our um potassium and our micronutrients and we put

542
00:47:04,540 --> 00:47:12,320
them back off and then we plant we take them off again and we yeah and so we don't give the soil a

543
00:47:12,320 --> 00:47:20,860
chance to heal itself yeah you know and we also we take more than we take more than it can give us

544
00:47:20,860 --> 00:47:26,480
and retain health yes yeah um and he mentions forest here too this is maybe not what he was

545
00:47:26,480 --> 00:47:33,560
getting at but we're talking about this also before before we hit record um one of the most

546
00:47:33,560 --> 00:47:40,780
beautiful things i think is when an older person plants a tree yeah because they're making a

547
00:47:40,780 --> 00:47:46,460
definite statement that it's worth engaging in a long-term project that they're not going to see

548
00:47:46,460 --> 00:47:54,560
the fruits of which is so like it's heretical to our to our culture now that you would do anything

549
00:47:54,560 --> 00:48:00,660
other than harvest everything from the future for yourself to see somebody plant a tree because they

550
00:48:00,660 --> 00:48:06,060
think two you know 20 years 30 years someone in their 80s plants a tree they're not going to see

551
00:48:06,060 --> 00:48:11,860
that um but doing that is such a it's such a beautiful statement of there are values that

552
00:48:11,860 --> 00:48:18,800
the tempo the cadence of our civilization is not going to justify if you're not doing it for the

553
00:48:18,800 --> 00:48:25,740
carbon credit you're doing it for some sort of credit to accrue to the future yeah yeah the

554
00:48:25,740 --> 00:48:33,480
the tree moving economy has exploded you know you move to a new place and well i want some trees

555
00:48:33,480 --> 00:48:35,020
I'm not going to wait 15 years.

556
00:48:35,020 --> 00:48:37,120
I'm just going to buy something.

557
00:48:37,220 --> 00:48:39,360
I need it now. I need instant gratification.

558
00:48:39,680 --> 00:48:41,480
I need nature to conform to

559
00:48:41,480 --> 00:48:43,520
the tempo that we're imposing on it

560
00:48:43,520 --> 00:48:45,180
instead of us conforming

561
00:48:45,180 --> 00:48:47,320
vice versa. And you're taking somebody else's

562
00:48:47,320 --> 00:48:48,880
proof of work and calling it your own.

563
00:48:48,880 --> 00:48:49,280
Yeah.

564
00:48:52,480 --> 00:48:53,040
Yeah.

565
00:48:53,660 --> 00:48:54,420
And then

566
00:48:54,420 --> 00:48:57,100
at this point, we kind of talked about this before,

567
00:48:57,200 --> 00:48:58,420
Brady does talk about

568
00:48:58,420 --> 00:49:00,940
Bitcoin, how it does

569
00:49:00,940 --> 00:49:03,020
bridge Satoshi solving the problem

570
00:49:03,020 --> 00:49:04,400
of machine time.

571
00:49:04,660 --> 00:49:07,180
Durjiji talked about this in Bitcoin is time.

572
00:49:07,840 --> 00:49:09,900
Bitcoin being a time chain,

573
00:49:10,480 --> 00:49:12,580
Bitcoin being originally conceived

574
00:49:12,580 --> 00:49:14,860
as a peer-to-peer distributed timestamp server.

575
00:49:15,060 --> 00:49:17,260
Like the notion of time was always in the forefront

576
00:49:17,260 --> 00:49:20,480
of what needed to happen with Bitcoin.

577
00:49:21,180 --> 00:49:24,920
And so Bitcoin, Brady notes, reprices time.

578
00:49:25,680 --> 00:49:28,420
It's hopefully going to get us back.

579
00:49:29,740 --> 00:49:31,520
If capital is not restless,

580
00:49:31,520 --> 00:49:34,360
if it can sit still to where we do want to plant a tree

581
00:49:34,360 --> 00:49:36,800
because we have the time to.

582
00:49:36,960 --> 00:49:40,320
We're not infatuated with doing something else with our time

583
00:49:40,320 --> 00:49:42,480
in order to preserve our capital.

584
00:49:42,580 --> 00:49:47,460
We have our capital, and we can act ethically

585
00:49:47,460 --> 00:49:50,920
and act towards a future that is not ours

586
00:49:50,920 --> 00:49:56,460
because we're not trying to steal it through debt, I guess.

587
00:49:56,500 --> 00:49:56,860
I don't know.

588
00:49:56,860 --> 00:49:57,340
Yeah.

589
00:49:58,560 --> 00:49:59,080
Yeah.

590
00:49:59,300 --> 00:50:00,860
I mean, if...

591
00:50:01,520 --> 00:50:10,320
If you have that lower time preference and you're looking at the future and not only looking at the future, but you're just believing that you have a future.

592
00:50:10,720 --> 00:50:10,800
Yeah.

593
00:50:10,860 --> 00:50:14,400
So many people today don't genuinely don't believe that they have a future.

594
00:50:14,400 --> 00:50:15,440
You're never going to have a house.

595
00:50:15,620 --> 00:50:20,580
You're never going to have a job that's going to pay you enough to do what to have with the previous generation had.

596
00:50:20,780 --> 00:50:20,980
Yeah.

597
00:50:21,220 --> 00:50:21,480
Yep.

598
00:50:21,660 --> 00:50:22,720
Never going to have a family.

599
00:50:22,880 --> 00:50:23,520
Never going to have.

600
00:50:24,240 --> 00:50:24,640
Exactly.

601
00:50:25,020 --> 00:50:27,620
You know, and so if you're not going to have those things, then why?

602
00:50:28,400 --> 00:50:29,320
Why do that?

603
00:50:29,320 --> 00:50:30,140
You know, why?

604
00:50:30,140 --> 00:50:37,360
why clean your gutters? Why, why paint your house? Why, why plant a tree? Why eat healthy?

605
00:50:37,600 --> 00:50:42,980
Why go to sleep at a good time? Why do any of these things? Because you don't foresee a future.

606
00:50:42,980 --> 00:50:53,580
And I think for anybody who feels that way, go listen to Jeff Booth's talk and you'll get some

607
00:50:53,580 --> 00:50:59,520
optimism for the future. Um, or go listen to Michael Saylor talk or, or Jack Maulers or somebody

608
00:50:59,520 --> 00:51:09,880
like that but you know nobody nobody is um nobody deep into bitcoin is we we note this all the time

609
00:51:09,880 --> 00:51:15,600
like you go to a bitcoin conference you hang out with bitcoiners they're the healthiest happiest

610
00:51:15,600 --> 00:51:21,180
people i've ever seen in my entire life except when the price action's bad yeah but regardless

611
00:51:21,180 --> 00:51:27,720
they're you know they're they're fit they're making babies they're making plans they're doing

612
00:51:27,720 --> 00:51:34,520
big things yeah one of the parts here i wanted to also kind of highlight was the notion of

613
00:51:34,520 --> 00:51:42,020
mastering a skill because that notion is also being robbed from us through at least for me

614
00:51:42,020 --> 00:51:50,660
this the psychological effect of contemplating the acceleration of ai and its capacities i i learned

615
00:51:50,660 --> 00:51:57,480
Spanish six, seven years ago. And it was so delightful to do. But my time frame was different

616
00:51:57,480 --> 00:52:03,320
then. I didn't have the notion that all language capacity is going to be taken over by AI. It seemed

617
00:52:03,320 --> 00:52:08,040
worth doing at the time. I knew I was going to have to invest a couple years, you know, some

618
00:52:08,040 --> 00:52:13,560
amount of time into doing it. And then I, in the past couple years, tried to learn French. And,

619
00:52:13,780 --> 00:52:18,980
you know, it's a little bit more difficult. But the real difficulty was the psychological

620
00:52:18,980 --> 00:52:25,460
realization or feeling that what's the worth of this i i needed to nominate it to myself in some

621
00:52:25,460 --> 00:52:30,860
sort of monetary worth first because of the notion of restless capital we need to be doing things that

622
00:52:30,860 --> 00:52:35,900
um i don't have the capital in the bank maximizing your earning potential in the moment yeah in the

623
00:52:35,900 --> 00:52:40,280
moment in the moment right doing everything in the moment to maximize value because you don't

624
00:52:40,280 --> 00:52:48,460
conceive of value being preserved um but being able to have the ability to still like bitcoin

625
00:52:48,460 --> 00:52:55,400
does and to take that time to master a skill knowing that you don't need to denominate it

626
00:52:55,400 --> 00:53:03,100
in the instant it can be something that's goes beyond that yeah this is a huge question because

627
00:53:03,100 --> 00:53:10,320
it takes us back i really think it takes us back to childhood and doing things for the sake of doing

628
00:53:10,320 --> 00:53:17,560
things that's what a child does yeah they do things just because they enjoy them um and they're

629
00:53:17,560 --> 00:53:20,620
They don't care that they're not the best at it.

630
00:53:21,200 --> 00:53:22,1000
They delight when they get better.

631
00:53:22,1000 --> 00:53:45,080
They experience, you know, the growth in incremental steps that we are often looking for some monumental improvement in order to justify our continued expenditure of time and capital and calories and such towards something.

632
00:53:45,080 --> 00:53:55,640
So I think this is the huge existential question of our time, which is when you don't have to do anything, what will you choose to do?

633
00:53:56,460 --> 00:54:02,420
And do you want to just try to do everything shallow?

634
00:54:02,980 --> 00:54:07,280
Do you want to just try to do everything poorly and just experience everything?

635
00:54:07,280 --> 00:54:24,400
Or do you want to truly dig in on just a couple things and make those choices that, you know, as Thomas Sowell says, there are no trade-offs or there are no choices in life, only trade-offs.

636
00:54:24,640 --> 00:54:26,100
You're making these trade-offs.

637
00:54:26,100 --> 00:54:28,160
Yeah. So.

638
00:54:28,540 --> 00:54:33,300
No, and that notion that childhood is devoured by the cadence of civilization.

639
00:54:33,300 --> 00:54:43,160
It's interesting, too, because childhood for the primate that we are is this extended biological stage of dependence.

640
00:54:43,460 --> 00:54:43,600
Yeah.

641
00:54:43,940 --> 00:54:47,900
And it is something that you can't biologically shorten.

642
00:54:47,900 --> 00:54:57,020
And so when we try to shorten it because we feel we need to, because the tempo of civilization is picking up, then childhood disappears.

643
00:54:57,020 --> 00:55:11,840
And maybe one way to put it is in an inadequate way, but we'll begin to quantify childhood even or think about how it can be monetized or how we can monetize the experiences of childhood.

644
00:55:11,840 --> 00:55:18,860
um maybe this isn't a perfect analogy to it but like with the the only fans thing when you're in

645
00:55:18,860 --> 00:55:25,380
when someone's in the bloom of their young beauty now the thought is how can i make this into capital

646
00:55:25,380 --> 00:55:30,600
right how can i sell this instead of thinking no my sexuality is part of a long-term project of

647
00:55:30,600 --> 00:55:36,980
starting a family that has a value that i don't need to pull all that value from the future and

648
00:55:36,980 --> 00:55:39,320
cash out while I'm beautiful or something like that.

649
00:55:39,440 --> 00:55:39,600
Yeah.

650
00:55:39,660 --> 00:55:42,620
You can instead deploy it in a natural rhythm.

651
00:55:42,620 --> 00:55:43,140
Yeah.

652
00:55:43,240 --> 00:55:49,560
Enjoying that beauty for what it is as opposed to commoditizing and commercializing it and,

653
00:55:49,560 --> 00:55:51,380
and yeah,

654
00:55:51,800 --> 00:55:53,740
extracting it in that sense.

655
00:55:54,660 --> 00:55:54,1000
Yeah.

656
00:55:55,1000 --> 00:55:56,640
Yeah.

657
00:55:56,660 --> 00:55:57,740
You think about like,

658
00:55:58,400 --> 00:55:58,780
you know,

659
00:55:59,780 --> 00:56:04,500
you've got an eight year old and they're really interested in gymnastics and they're getting

660
00:56:04,500 --> 00:56:05,240
better and better.

661
00:56:05,760 --> 00:56:06,360
And,

662
00:56:06,360 --> 00:56:11,040
And, you know, and we would probably do this out of the goodness of our heart.

663
00:56:11,220 --> 00:56:13,680
We'd be, well, you know, she's really good.

664
00:56:13,780 --> 00:56:18,280
Let's start a TikTok account and let's show the world, you know, she's fascinating.

665
00:56:18,280 --> 00:56:27,720
And then it becomes less about the craft and more about the views or it becomes more about optimizing the craft for the views.

666
00:56:28,280 --> 00:56:28,400
Yeah.

667
00:56:28,580 --> 00:56:29,760
For the attention.

668
00:56:30,180 --> 00:56:30,360
Yeah.

669
00:56:30,360 --> 00:56:54,380
Um, when, you know, like the beauty of, the beauty of watching somebody play a sport is that you see, you see the joy on their face when they play that sport and you recognize that they're doing this because they love it.

670
00:56:54,720 --> 00:56:55,900
Music's the same way.

671
00:56:55,900 --> 00:57:03,440
of course of course there's a lot of things like this you know law and baking and painting and

672
00:57:03,440 --> 00:57:10,080
fixing cars and all of these things like there are people that you talk to them about why they

673
00:57:10,080 --> 00:57:15,140
do what they do and they say well you know i do it because i like it i do it because i would do it

674
00:57:15,140 --> 00:57:21,280
if nobody paid me because i enjoy it so yeah and that's words and interesting one this is also an

675
00:57:21,280 --> 00:57:28,540
imperfect analogy but um i was watching a football game and there's this fellow is archie manning or

676
00:57:28,540 --> 00:57:33,800
archman arch manning so he's making something like six million dollars right as a college athlete

677
00:57:33,800 --> 00:57:38,560
and so instead of and this isn't to blame him or even to say that it's not the right thing to do

678
00:57:38,560 --> 00:57:42,940
given the current system because somebody was making the money before exactly and now at least

679
00:57:42,940 --> 00:57:47,1000
giving it to maybe the college athletes but it's also something where you now watch a college game

680
00:57:47,1000 --> 00:57:55,019
and you're not watching like the development of virtue of the future generation by participating

681
00:57:55,019 --> 00:58:01,1000
in a difficult activity under stress through teamwork you're watching somebody who is like

682
00:58:01,1000 --> 00:58:07,040
yeah they're doing a job this is a job that he has and he's making a bunch of money and that's

683
00:58:07,040 --> 00:58:13,040
you know it's part of the economy so yeah everything becomes the babylonians the babylonians

684
00:58:13,040 --> 00:58:19,519
screwed us all over by quantifying time and it's only you know maybe a matter of time since then

685
00:58:19,519 --> 00:58:25,600
that we arrived at the current moment where until we pull back from that quantification slow it down

686
00:58:25,600 --> 00:58:30,760
um that we're gonna we we're gonna end up where we are yeah yeah and it's uh

687
00:58:30,760 --> 00:58:49,049
it has an effect on the integrity and again like i completely resonate with what you say Like this is not judging the athletes or anything I you know in this specific example the NCAA makes billions of dollars off of students

688
00:58:49,629 --> 00:58:55,069
And until this point, had really not given them hardly anything in return.

689
00:58:55,129 --> 00:58:57,049
Not even an education given the college system.

690
00:58:57,389 --> 00:58:58,189
Yeah, that's the thing.

691
00:58:58,249 --> 00:59:00,450
It used to be that maybe you got an education.

692
00:59:00,609 --> 00:59:01,889
Now you don't even get an education.

693
00:59:01,889 --> 00:59:03,569
You just get a diploma.

694
00:59:03,909 --> 00:59:05,909
And that's, those are two different things.

695
00:59:07,329 --> 00:59:12,089
But you see the end of the football season, which we're, which we're in.

696
00:59:12,929 --> 00:59:19,010
You're going to have conference championship games and you're going to have bowl games or the college football championship.

697
00:59:19,470 --> 00:59:24,409
And what you're going to see now is you're going to see a ton of those kids not playing.

698
00:59:24,409 --> 00:59:29,929
They're just going to voluntarily remove themselves because their season, as far as they're concerned, is over.

699
00:59:31,129 --> 00:59:32,789
Because they put in their time.

700
00:59:32,789 --> 00:59:40,849
they got paid and uh any further would risk injury and and stuff like that and so you know this used

701
00:59:40,849 --> 00:59:46,409
to not be so much a problem it used to be oh you'd have you know maybe two or three guys that

702
00:59:46,409 --> 00:59:53,109
might go really really high in the draft that were sitting out and even that was super controversial

703
00:59:53,109 --> 01:00:01,129
but now it's like i think k-state played alabama a couple years ago or like right after the nil

704
01:00:01,129 --> 01:00:06,329
came i'm not sure if this is right but whoever they played and the other team had like 20 some

705
01:00:06,329 --> 01:00:14,169
guys sitting out they're like yeah we're good you know and so yeah it does put in a price tag on

706
01:00:14,169 --> 01:00:18,409
things does kind of solely the integrity of it for sure yeah and so you mentioned music too you

707
01:00:18,409 --> 01:00:25,869
were going there and that's where um brady also goes says culture thickens when time slows when

708
01:00:25,869 --> 01:00:29,649
you bridge natural and machine time through something like bitcoin through capital that

709
01:00:29,649 --> 01:00:37,010
and sit still culture thickens you get the return of arts festival and music that can maybe

710
01:00:37,010 --> 01:00:46,149
be tied a lot so much of our entertainment is um a representation of instant gratification

711
01:00:46,149 --> 01:00:54,249
even in the aesthetics of it there's a certain aesthetics to fiat which is real flashy and sexy

712
01:00:54,249 --> 01:01:03,490
and fast and it's different than um maybe the aesthetics of something like bitcoin that is not

713
01:01:03,490 --> 01:01:09,769
about showy displays of wealth conspicuous consumption but almost about conspicuous saving

714
01:01:09,769 --> 01:01:17,470
bitcoin you know like what we allowed is oh my gosh you saved up and got a whole bitcoin through

715
01:01:17,470 --> 01:01:22,450
hours of effort through days and years of of meticulous saving like that's the aesthetics

716
01:01:22,450 --> 01:01:39,149
But you think about a modern music concert, some big name, Taylor Swift or Pink or Lady Gaga or somebody like that, they may have a half dozen, a dozen costume changes during a concert.

717
01:01:39,589 --> 01:01:40,429
Only way to keep our attention.

718
01:01:40,629 --> 01:01:40,849
Right?

719
01:01:41,169 --> 01:01:41,470
Yeah.

720
01:01:41,470 --> 01:01:49,689
But previously, you know, it's like those, the one thing that that artist wore became iconic.

721
01:01:50,010 --> 01:01:50,129
Yeah.

722
01:01:50,129 --> 01:01:52,729
Like, you know, Johnny Cash, the man in black.

723
01:01:52,950 --> 01:01:56,049
So I want to get your thoughts on this.

724
01:01:56,249 --> 01:02:02,689
So short form content is what everybody's moving to because that's what the attention is.

725
01:02:02,790 --> 01:02:05,069
That's how you get your thing out there.

726
01:02:05,209 --> 01:02:06,749
And you're doing that now too with your music.

727
01:02:06,749 --> 01:02:07,369
Trying, yeah.

728
01:02:07,369 --> 01:02:13,049
on tiktok like you've um done some really interesting things in the past with your music

729
01:02:13,049 --> 01:02:19,869
when you were up in washington you came at music through community going to an open mic and trying

730
01:02:19,869 --> 01:02:27,010
to foster amongst the people there a notion that we're going to come back every one night a week

731
01:02:27,010 --> 01:02:34,409
and we're all going to play a song improve and make this a communal effort whereas now um you know

732
01:02:34,409 --> 01:02:40,909
what you have to do is if you want to get the views is put together some sort of short form

733
01:02:40,909 --> 01:02:48,290
content. Yeah. Although I did just recently discover TikTok studio, which means that now

734
01:02:48,290 --> 01:02:54,529
I'm aware that I can just do live and go like there's, you know, little people that they'll

735
01:02:54,529 --> 01:03:02,649
play four hours. Yeah. And now, and, and that, what I noticed in there, I, I scrolled through a

736
01:03:02,649 --> 01:03:07,849
couple and I was reading some of the comments and what you have are repeat offenders. You have

737
01:03:07,849 --> 01:03:13,269
people that are coming back to the same person. They're thickening that relationship. They're

738
01:03:13,269 --> 01:03:19,569
forging a relationship. And so, um, yeah, that's, that's the direction that I think is far more

739
01:03:19,569 --> 01:03:24,950
valuable than, you know, fighting, fighting, what do they call it? The 200 view jail that

740
01:03:24,950 --> 01:03:29,249
put you in. 200 views is not bad. I know, man, we were on a fourth tier of podcast. I'm not

741
01:03:29,249 --> 01:03:30,369
and argue 200 views.

742
01:03:30,510 --> 01:03:30,889
That's right.

743
01:03:31,069 --> 01:03:32,049
We're three and a half.

744
01:03:32,049 --> 01:03:33,209
We're in a third and a half tier.

745
01:03:33,450 --> 01:03:35,069
We're trying to step up higher.

746
01:03:35,189 --> 01:03:35,649
That's right.

747
01:03:35,729 --> 01:03:36,889
Yeah, lifting the leg.

748
01:03:37,049 --> 01:03:40,329
But it is, I do think like 200 views.

749
01:03:40,490 --> 01:03:41,909
Imagine yourself sitting in a room.

750
01:03:42,029 --> 01:03:44,329
There's 200 people that around the world

751
01:03:44,329 --> 01:03:45,990
you think something you do is of value.

752
01:03:46,089 --> 01:03:46,849
That's good enough.

753
01:03:46,909 --> 01:03:47,049
Yeah.

754
01:03:47,209 --> 01:03:47,510
Yeah.

755
01:03:47,829 --> 01:03:47,990
Yeah.

756
01:03:48,349 --> 01:03:50,429
And if you don't have to monetize

757
01:03:50,429 --> 01:03:52,950
and quantify in that way, it is enough.

758
01:03:53,109 --> 01:03:55,369
It is enough to talk to 200 people.

759
01:03:55,889 --> 01:03:57,109
I've played a lot of shows

760
01:03:57,109 --> 01:03:58,429
for less than 10 people.

761
01:03:58,429 --> 01:04:07,669
yeah um so slower time dickens culture it also brady says has an effect on our morality we've

762
01:04:07,669 --> 01:04:13,409
kind of touched on that throughout this planting a tree um conscience requires time you need a

763
01:04:13,409 --> 01:04:20,990
spacious time horizon brady sweat says to act ethically if you have low time preference i mean

764
01:04:20,990 --> 01:04:26,129
our prisons are full of people with is it low or high time preference i always high time preference

765
01:04:26,129 --> 01:04:38,629
Yeah, they want the marshmallow now, the famous marshmallow experiment. Put a kid in a room, say, I'm going to leave the room. There's a marshmallow here. If you don't eat it, when I come back, I'll give you two marshmallows.

766
01:04:38,629 --> 01:04:44,189
You know, a certain subset of population just gobbles up the marshmallow and some are able to gut it out for two marshmallows.

767
01:04:44,849 --> 01:04:52,609
And that's kind of really the wellspring of ethics is the ability to wait for later value and postpone.

768
01:04:52,929 --> 01:04:58,069
And it becomes even abstract when the value becomes something that a future generation is going to have.

769
01:04:58,129 --> 01:05:01,709
The two marshmallows is something my child is going to have or my grandchildren.

770
01:05:01,929 --> 01:05:03,089
It's not even something I'm going to eat.

771
01:05:03,809 --> 01:05:06,389
Yeah, I like a good marshmallow that's been left out for a while.

772
01:05:06,389 --> 01:05:07,229
Marshmallows are gross.

773
01:05:07,229 --> 01:05:09,069
No one actually wants marshmallows.

774
01:05:09,169 --> 01:05:12,629
This is obviously an old experiment when kids had nothing better than marshmallows.

775
01:05:13,450 --> 01:05:14,049
Peeps, man.

776
01:05:14,369 --> 01:05:15,349
Not even peeps.

777
01:05:15,369 --> 01:05:16,470
It's an Easter tradition.

778
01:05:16,689 --> 01:05:17,849
Yeah, that's the only reason anybody gets it.

779
01:05:17,849 --> 01:05:20,549
You got to have one to remind yourself of how disgusting they are.

780
01:05:21,049 --> 01:05:22,569
And then you come back next year.

781
01:05:23,729 --> 01:05:26,950
You have the cookie dough, caramel, just monstrous.

782
01:05:26,950 --> 01:05:27,849
Oh, the Cadbury egg?

783
01:05:27,970 --> 01:05:28,349
Whatever.

784
01:05:28,689 --> 01:05:32,669
Just like the concoctions they make nowadays that are heroin and sugar form.

785
01:05:32,869 --> 01:05:33,349
Yes.

786
01:05:33,349 --> 01:05:40,970
I learned today that heroin was created as an alternative to get people off of methamphetamine addiction.

787
01:05:41,290 --> 01:05:45,769
So then you make something to get people off heroin and you just keep on going deeper into the hole.

788
01:05:46,089 --> 01:05:52,349
It was advertised as a way to get you off of amphetamines and also a cough suppressant.

789
01:05:53,109 --> 01:05:53,329
Wow.

790
01:05:54,189 --> 01:05:55,569
Yeah, dual acting agent.

791
01:05:55,569 --> 01:05:59,349
I guess you can't cough when your vocal cords are so relaxed that they're like honey.

792
01:05:59,829 --> 01:06:00,349
Nice.

793
01:06:00,709 --> 01:06:00,950
Yeah.

794
01:06:00,950 --> 01:06:17,609
So maybe we become more moral to when Bitcoin bridges natural and machine time, capital is not restless, and we can act for a future that we believe will actually someday come instead of collapsing that future into the moment.

795
01:06:18,189 --> 01:06:18,929
I think we have.

796
01:06:19,209 --> 01:06:21,510
I think, I mean, I can't imagine.

797
01:06:21,609 --> 01:06:22,369
What have we done now?

798
01:06:22,470 --> 01:06:24,889
So we've done 50-some podcasts.

799
01:06:24,889 --> 01:06:29,970
So we've done well over 100 hours of recorded content.

800
01:06:29,970 --> 01:06:36,809
And then for every hour that we record, we probably spend five to ten at least.

801
01:06:37,149 --> 01:06:37,470
Easily.

802
01:06:37,609 --> 01:06:46,450
The Zeno systems, man, I read that for like three weeks, putting in two hours a day, not putting in, enjoying it and enriching myself.

803
01:06:46,649 --> 01:06:49,089
But a lot of time goes into each of these.

804
01:06:49,089 --> 01:06:50,189
So figure 2,000 hours.

805
01:06:50,290 --> 01:06:55,129
So we put in like a work year worth of work on this in less than or in right out of year.

806
01:06:55,309 --> 01:06:55,629
Yeah.

807
01:06:55,629 --> 01:07:10,509
And I just can't imagine, I can't imagine doing that with something that didn't, it didn't yield fruit, you know.

808
01:07:10,889 --> 01:07:16,669
And the fruit is that we've talked about this, like, yeah, we're a fourth year podcast.

809
01:07:16,970 --> 01:07:18,589
Thanks you guys for listening, both of you.

810
01:07:19,089 --> 01:07:20,049
We really appreciate it.

811
01:07:20,069 --> 01:07:20,929
We're working on the lighting.

812
01:07:21,049 --> 01:07:21,829
We're working on the sound.

813
01:07:21,909 --> 01:07:22,649
We're going to make it better.

814
01:07:22,649 --> 01:07:23,950
There's nothing we can do.

815
01:07:23,950 --> 01:07:25,769
about how we look.

816
01:07:25,889 --> 01:07:26,509
That's right.

817
01:07:26,829 --> 01:07:28,909
And we keep trying.

818
01:07:28,909 --> 01:07:30,369
We're setting hard caps.

819
01:07:30,589 --> 01:07:33,849
Grant keeps asking me to make him more handsome.

820
01:07:34,529 --> 01:07:35,310
And I'm like, man.

821
01:07:35,389 --> 01:07:36,029
Work with it.

822
01:07:37,029 --> 01:07:39,329
Boy, you put so much lipstick on a pig, man.

823
01:07:39,369 --> 01:07:39,709
That's right.

824
01:07:40,149 --> 01:07:45,129
But whether or not this moves up and gets to be a bigger podcast,

825
01:07:45,549 --> 01:07:47,369
we're going to continue having these conversations

826
01:07:47,369 --> 01:07:48,970
because this is what's enjoyable.

827
01:07:48,970 --> 01:07:49,389
Yes.

828
01:07:49,470 --> 01:07:50,990
This is the part that's enjoyable.

829
01:07:50,990 --> 01:07:51,290
It was always the goal.

830
01:07:51,490 --> 01:07:53,069
The learning was enjoyable.

831
01:07:53,069 --> 01:07:58,149
And it gives you a sense of peace as you walk around during the day.

832
01:07:58,209 --> 01:07:59,369
And it gives you a sense of purpose.

833
01:07:59,689 --> 01:08:08,069
And knowing that if no one listens to this, we still had a good conversation.

834
01:08:08,829 --> 01:08:10,429
We shared space with each other.

835
01:08:11,129 --> 01:08:12,869
I don't like the phrase share space, but continue.

836
01:08:13,029 --> 01:08:13,429
All right.

837
01:08:13,529 --> 01:08:14,649
It's such a hokey phrase.

838
01:08:14,669 --> 01:08:15,569
It is a hokey phrase.

839
01:08:15,709 --> 01:08:16,469
What do you want to say?

840
01:08:16,529 --> 01:08:18,890
We sat in the same room and didn't.

841
01:08:19,390 --> 01:08:22,230
We sat in the same room and had a conversation.

842
01:08:22,230 --> 01:08:23,709
We weren't staring at a screen.

843
01:08:23,770 --> 01:08:25,230
An extended conversation without interruptions.

844
01:08:25,930 --> 01:08:26,089
Yeah.

845
01:08:26,509 --> 01:08:26,890
Yeah.

846
01:08:26,969 --> 01:08:27,830
We held a thought.

847
01:08:28,049 --> 01:08:28,370
We did.

848
01:08:28,430 --> 01:08:32,330
You've talked about this a lot, a lot, you know, the idea of a 10 minute thought.

849
01:08:32,409 --> 01:08:43,890
That's one of the cool things about TikTok next block too is just 10 minutes is such a good time frame for an extended mental concoction too.

850
01:08:44,069 --> 01:08:49,709
Like all of our thoughts, you know, it's like 10, what, seven or 10 seconds is the attention span, right?

851
01:08:49,810 --> 01:08:50,629
And something like that.

852
01:08:50,629 --> 01:08:56,409
And then if you can hold a thought for 10 minutes, what a cathedral of a thought you can build because you can layer it.

853
01:08:56,810 --> 01:08:57,830
You can add to it.

854
01:08:57,870 --> 01:09:00,569
You can do interesting things, make it intricate and beautiful.

855
01:09:00,790 --> 01:09:08,989
Whereas if you move from, I mean, that's the true horror of short form content is you don't remember any of the various things you've seen.

856
01:09:09,069 --> 01:09:14,930
Even if you have while you're watching it, the sensation of experience, it is not experience because it's gone.

857
01:09:15,109 --> 01:09:16,370
It's like it's a void.

858
01:09:16,370 --> 01:09:24,409
yeah and the terrifying thing if you you ever like so i would sometimes get on youtube shorts

859
01:09:24,409 --> 01:09:29,270
yeah and i would look at those and then i would be like oh wait there was a podcast i was listening

860
01:09:29,270 --> 01:09:33,790
to on youtube i don't want to go back and find it so i go into my history and i start scrolling

861
01:09:33,790 --> 01:09:38,989
through i'm like oh you know it was just like an hour ago i was watching that podcast and it's like

862
01:09:38,989 --> 01:09:45,790
you went through like 300 shorts yeah in and you're like all i did was poop you know

863
01:09:45,790 --> 01:09:51,509
wasn't that much no the typical time for a bowel movement has gone up exponentially too because we

864
01:09:51,509 --> 01:09:58,089
can put so much content into we can't even defecate without the crutch of a cell phone there you sit

865
01:09:58,089 --> 01:10:01,690
down without a cell phone and there's like this existential horror of like what am i going to do

866
01:10:01,690 --> 01:10:07,989
for the next minute and a half yeah like i'm left alone with my thoughts i for one am a fan of more

867
01:10:07,989 --> 01:10:13,149
time on the pot but yeah it's just because i enjoy it but it's not time it's not time you enjoy this

868
01:10:13,149 --> 01:10:13,430
This is true.

869
01:10:13,609 --> 01:10:18,169
It's timed, again, that is 10 minutes, but it passes as if it's 10 seconds.

870
01:10:18,330 --> 01:10:25,569
And I would say that, you know, like Elon's stated goal with X is to make it, like, enjoyable time or valuable time.

871
01:10:27,149 --> 01:10:34,190
And even if they are making an honest effort in moving in that direction, I think we've seen that it's just damn near impossible.

872
01:10:35,029 --> 01:10:37,330
It doesn't feel better to me.

873
01:10:37,609 --> 01:10:42,569
As Twitter has gotten worse, I've enjoyed it more because it's almost like you look at it for a while and you're like, I can't.

874
01:10:42,569 --> 01:10:43,890
Yeah, I'm done.

875
01:10:44,390 --> 01:10:47,069
It's like as Twitter gets worse, it's better.

876
01:10:47,169 --> 01:10:54,009
I think it's part of Elon's long game to like create something that seems enjoyable and valuable.

877
01:10:54,009 --> 01:10:57,190
But when you do it, you're not going to get stuck in it.

878
01:10:57,589 --> 01:10:58,270
So like I can't.

879
01:10:58,749 --> 01:10:59,629
I can't.

880
01:10:59,629 --> 01:11:00,209
There is that.

881
01:11:00,409 --> 01:11:09,749
I will say that there is a genuine feeling now of and I think X is the only social media platform that I would say this about.

882
01:11:09,749 --> 01:11:16,890
but you're absolutely right in that you get on it and you're like in about like five minutes you're

883
01:11:16,890 --> 01:11:23,850
like i gotta do something yeah i'm it's not this like three hour two hour 45 minute thing

884
01:11:23,850 --> 01:11:27,989
you're like you you see like one thing and then you're like nope the rest of this is shit

885
01:11:27,989 --> 01:11:34,770
i'm out yeah so to put a point on it or to conclude at least with brady's talk here

886
01:11:34,770 --> 01:11:40,430
Bitcoin won't build utopia, but maybe it will eliminate the quiet coercion.

887
01:11:40,529 --> 01:11:48,149
So, I mean, he does note that it's easy to get your expectations up or to talk about Bitcoin fixes this as if it fixes this.

888
01:11:48,149 --> 01:11:51,790
It does it. It maybe gives us the opportunity to fix ourselves.

889
01:11:51,989 --> 01:12:00,149
It gives us the, you know, opportunity to help de-socialize ourselves from a cadence of civilization that is unsustainable.

890
01:12:00,850 --> 01:12:03,230
But the work is still our work.

891
01:12:03,449 --> 01:12:04,690
Yeah, it's a technology.

892
01:12:04,770 --> 01:12:06,669
It's no different than any other technology.

893
01:12:06,830 --> 01:12:07,949
In the right hands, it's a tool.

894
01:12:08,049 --> 01:12:09,089
In the wrong hands, it's a weapon.

895
01:12:09,850 --> 01:12:15,669
And the wrong hands can always be used against the person wielding it.

896
01:12:15,830 --> 01:12:18,909
You know, so like you can always weaponize it against yourself.

897
01:12:19,209 --> 01:12:19,469
Yep.

898
01:12:19,609 --> 01:12:24,049
You can weaponize Bitcoin by checking price action every 45 minutes.

899
01:12:24,270 --> 01:12:24,669
Yeah.

900
01:12:25,169 --> 01:12:29,009
Freaking out about every tiny little FUD thing that comes out.

901
01:12:29,469 --> 01:12:34,669
I mean, do you understand that we only check the price action because we have a notion of fiat that we're checking it against?

902
01:12:34,770 --> 01:12:38,609
So hopefully that kind of declines as one Bitcoin equals one Bitcoin.

903
01:12:38,609 --> 01:12:38,969
Yeah.

904
01:12:39,270 --> 01:12:43,569
It takes a lot of hearing that to finally kind of be like, oh, yeah, you're right.

905
01:12:44,249 --> 01:12:48,649
It is useless for me to check what this dollar thing is.

906
01:12:48,850 --> 01:12:55,049
But as an ironic point to this, in the middle of Brady's talk through No Fall to the Zone.

907
01:12:55,489 --> 01:12:55,589
Big dual.

908
01:12:56,230 --> 01:12:57,029
Dual bits.

909
01:12:57,330 --> 01:12:57,770
Dual bits.

910
01:12:57,989 --> 01:12:58,129
Dual bits.

911
01:12:58,149 --> 01:13:01,469
You see at least the online video, there's an advertisement for dual bits.

912
01:13:01,569 --> 01:13:04,609
I have no, there's nothing wrong with, this isn't something about gambling.

913
01:13:04,770 --> 01:13:06,049
gambling being a vice, whatever.

914
01:13:06,290 --> 01:13:07,629
But it's, you know,

915
01:13:08,489 --> 01:13:10,069
there's an advertisement for something

916
01:13:10,069 --> 01:13:11,109
which is all about gambling

917
01:13:11,109 --> 01:13:12,330
on the price action of Bitcoin.

918
01:13:12,629 --> 01:13:14,129
So it's like the most fiat-minded

919
01:13:14,129 --> 01:13:16,129
Bitcoin-related activity

920
01:13:16,129 --> 01:13:16,909
you could think to do

921
01:13:16,909 --> 01:13:18,870
in the middle of this beautiful discourse

922
01:13:18,870 --> 01:13:22,449
about slowing the cadence of civilization down

923
01:13:22,449 --> 01:13:24,549
and returning us to a more humane cadence.

924
01:13:24,749 --> 01:13:25,430
There's also like,

925
01:13:25,810 --> 01:13:27,209
but you can gamble with Bitcoin.

926
01:13:28,810 --> 01:13:31,089
You can still gamble.

927
01:13:31,310 --> 01:13:32,569
There's always going to be that.

928
01:13:33,169 --> 01:13:34,109
Tools and weapons, man.

929
01:13:34,109 --> 01:13:34,790
That's right.

930
01:13:34,969 --> 01:13:35,589
You know, so.

931
01:13:35,690 --> 01:13:36,549
I can figure it out.

932
01:13:37,069 --> 01:13:42,969
Well, that brings us to the end of at least my notes on Brady's talk.

933
01:13:43,270 --> 01:13:46,489
Did you have any other sentiments, thoughts?

934
01:13:48,249 --> 01:13:50,589
We're going to link the video when we release this.

935
01:13:51,169 --> 01:13:53,749
And I'll put it at the end here.

936
01:13:53,890 --> 01:13:55,669
So it'll be right after we get done talking.

937
01:13:55,830 --> 01:13:59,609
But it's well worth listening to.

938
01:13:59,909 --> 01:14:00,009
Yeah.

939
01:14:00,089 --> 01:14:01,209
You don't have to want it.

940
01:14:01,209 --> 01:14:02,089
It's a guy on stage.

941
01:14:02,270 --> 01:14:03,830
You know, he's a guy just like any other guy.

942
01:14:03,830 --> 01:14:16,489
He's good looking guys. Nice. Whatever. But I listened to it without watching it a number of times. And it's dense. It's thoughtful. It's philosophical. It's deep.

943
01:14:16,489 --> 01:14:34,209
He's put a lot of effort into the words that he chooses to describe this and the myriad of avenues that he's trying to go down in order to make a complete circuit of what he wants to cover.

944
01:14:35,330 --> 01:14:44,609
Morals and productivity and family and anxiety, all these things.

945
01:14:44,609 --> 01:15:12,529
So, yeah, it did a great job. Like it, it doesn't have a ton of views on there, which is a shame because it's very good. I mean, we decided to do this because we felt, I think you tell me if you think I'm wrong. We felt that this was a continuation and perhaps a, perhaps additive to DirGigi and Zeno systems and the other concepts of Bitcoin time that we've, that we've learned about.

946
01:15:12,529 --> 01:15:18,109
This is, you know, standing on the shoulders of some giants and seeing further.

947
01:15:18,589 --> 01:15:27,489
Yeah. So listen to our discussion of Bitcoin is time by Duragigi. Read the essay. Listen to our discussion on Xenosystems.

948
01:15:27,489 --> 01:15:28,270
It's the third one.

949
01:15:28,270 --> 01:15:37,649
The third one is we talk about land's conception of time and also Bitcoin as a zombie, more so as an eternal thing, which implicates time.

950
01:15:37,649 --> 01:15:48,409
But yeah, I think maybe to sum up, Lang gives kind of a philosophical taxonomy of notions of time or a description of the progression of philosophizing on time.

951
01:15:48,669 --> 01:15:57,709
This is kind of like a quick popular summary maybe, but we maybe begin with Plato having this absolute idea of time.

952
01:15:57,810 --> 01:16:00,709
Time is a container in which things occur.

953
01:16:00,869 --> 01:16:02,149
Time is a separate thing.

954
01:16:02,770 --> 01:16:05,209
And then we get an Aristotelian notion of time.

955
01:16:05,209 --> 01:16:13,549
This is where Bitcoin is time is operating in this realm where time is a relation between objects in the world.

956
01:16:13,649 --> 01:16:14,790
It's like a temporal relation.

957
01:16:15,029 --> 01:16:17,069
Time is not a separate absolute thing.

958
01:16:17,509 --> 01:16:20,470
Time is a measure of entropy.

959
01:16:20,749 --> 01:16:22,009
It's the arrow of time.

960
01:16:22,409 --> 01:16:29,270
The way that physical things move, we can then describe them in temporal language.

961
01:16:29,589 --> 01:16:34,549
So there's the platonic absolute notion time is a separate thing.

962
01:16:34,549 --> 01:16:40,149
the aristotelian notion of time being eminent to the movement of parts of a thing like a clock

963
01:16:40,149 --> 01:16:50,069
ticking um there is then Kant after that where time becomes the limit beyond which we cannot

964
01:16:50,069 --> 01:17:00,109
experience it's a condition of our experience and then land builds on that to say yes time is a limit

965
01:17:00,109 --> 01:17:19,690
And therefore, the ultimate philosophizing, the primordial philosophy that occurs now is thinking about time because you can, as I'm interpreting land, you can only think about it. You can only speculate as to the operation of time because it's otherwise not tractable in any sort of way.

966
01:17:19,690 --> 01:17:37,489
It is the limit of our understanding. So to go beyond it is to go beyond understanding. And that's valuable in Land's conception. Land conceiving a philosophy as an initiation into thought. It's something to get us thinking. And I just see that that's what Brady's doing here. He's getting us to think.

967
01:17:37,489 --> 01:17:41,230
He's talking about kind of our experience of time, you might say.

968
01:17:41,290 --> 01:17:51,770
You might say pretentiously the phenomenology of time, this quiet coercion, the way the time operates on us when it's very fast, how that affects our lives.

969
01:17:52,390 --> 01:18:00,350
And so I do think that Brady's talk on time gives us a new angle for philosophizing and thinking about time.

970
01:18:00,489 --> 01:18:02,190
And so it's just very interesting.

971
01:18:02,749 --> 01:18:02,989
Gives hope.

972
01:18:03,330 --> 01:18:03,949
What's that?

973
01:18:04,089 --> 01:18:04,629
Gives hope.

974
01:18:04,709 --> 01:18:05,549
Gives hope it does.

975
01:18:05,770 --> 01:18:05,869
Yeah.

976
01:18:05,869 --> 01:18:06,709
Bitcoin is hope.

977
01:18:06,709 --> 01:18:08,649
Bitcoin is hope. All right. That's great. Thanks, man.

978
01:18:09,089 --> 01:18:11,390
Thank you guys for listening. Appreciate it. Have a good one.