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And what we're seeing right now is that many people, especially in the millennial generation, are not having children because they're so anxious towards the future, you know, about the future.

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They're so nihilistic.

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You know, I cannot change anything about the world, et cetera, et cetera.

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People are deciding not to have kids, people in our generation who are in the prime years of their lives to have children and build a family.

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They are not doing that because they are so worried about affordability towards the future.

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That is, I think, what fiat money is creating is that people are actually, you know, forced to not follow their biological urges because they are also forced to use money that is being debased all the time.

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In order to get to the solution, you first really have to accept that you don't know what money is.

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You don't know what saving is.

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You don't know what investing is.

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Right.

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Like all these things of which you thought how they worked are totally different.

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And so that I think is not an IQ test, more like an ego test, like being willing to accept that, yeah, you're a grown person and you have no clue about what money is.

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For me, that was quite a big thing.

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And I've seen with the people I talked with that that was one of the biggest things to realize.

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Because, yeah, if my understanding of the money isn't true or truthful like how it's been told to me, yeah, what else is it true, right?

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All right, friends.

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We are back for another episode of the Ben Worman Podcast.

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I appreciate you very much for being here.

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and today we have a strong contender for the second best podcaster in the Bitcoin world today.

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His name is Bram Canstein from the Netherlands.

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I very much enjoy your show, sir.

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My typical routine for finding people that I want to bring on to rant about Bitcoin with me is

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I go find all the other good podcasts out there and I just grind through your episodes

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and I just poach my favorite ones.

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So thank you for giving me lots of great people.

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that I found. Thanks for coming, man.

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Wow, thanks. Yeah, that's a very nice introduction, man.

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I think I'm literally doing the same as you.

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I love Bitcoin and I can't stop thinking or talking about it.

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And I also think we shouldn't stop talking about Bitcoin.

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So I appreciate you and I'm happy to be here and happy to chat, man.

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Amazing, dude. So I told you this before we hit record,

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but I'll give a little quick intro to the friends listening.

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I usually do quite a good job at doing some basic research on the folks I'm bringing on,

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just background and whatnot.

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But my morning was spent running around my little beach town in Costa Rica

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trying to find a place that had a generator because our power went out.

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So I will let you take me through the story of Bram.

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How did you come from a Dutch gentleman falling into the Bitcoin rabbit hole, sir?

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um yeah i always think where to start but i think the best start is

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um you know i i think i'm a i'm a real just like internet geek you know uh millennial

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youngster that grew up uh with like i think one of the first uh internet connections in the town

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that i grew up in and my mother was always very forward thinking so she she had one of like the

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earliest mobile phones, you know, like the brick Motorola. And I remember we had internet very

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early on and I was just fascinated by the fact that you could basically discover anything in the

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world. Like all information seemed to be tied together. I just love it. Just like literally

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the surfing on the internet. I call that computering. Like I always love doing that.

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And my mother would always yell upstairs saying like, you need to get off the internet. You know,

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I need to use the phone. And so like that, like that. So I spent a lot of my youth on the internet

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and what I later realized, what I really enjoy doing is just seeing like, what are people working

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on? What are they building? You know, why are they spending their time on a certain idea?

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You know, it's, it's really easy, I think, to judge ideas or dismiss something and think something

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won't work. But, you know, if someone is spending their precious time and energy on it,

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then perhaps you're missing something.

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And I always, I learned this way later

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that that is how I think.

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But when I think back about my youth,

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like I just love trying out new stuff.

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And for example, I was on Napster very early on.

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Later, I found out that at the top of Napster,

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they only had like 15 million users in the entire world.

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And like 15 year old me was one of them,

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you know, downloading songs.

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And I had like these towers with CD burners

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and I used to make my own mixtapes and stuff

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and sell that in school.

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I was a LimeWire maximalist.

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Host parties from the revenue.

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Well, after that, you know,

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Kazaa, like all that stuff.

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Like I did that.

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And it's just fun tinkering around with computers, right?

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Like, I mean, I had a sick library of songs,

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like 10,000 plus songs.

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And my computer was fried twice

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and I lost like the whole library that I had twice, actually.

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So anyway, yeah, so I think I'm a real like internet geek.

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I'm very curious.

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I just love to learn like what are people spending their time on?

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What are they building?

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And yeah, I mean, to that degree, like at one point it was inevitable that I came across Bitcoin.

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I actually had a friend of mine that sent me a message.

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I think, yeah, it was like 2014, early 2014 saying like, you know, this is something for you.

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And there was a video on Vimeo, which was called How Bitcoin Works or something like that.

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Unfortunately, this is now a private video.

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So I always share this story, but I cannot link to it.

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But it was just like a very straightforward animation that just explained like how Bitcoin worked.

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And at that time, I felt like, yeah, this makes sense.

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You know, like a currency, a money for the Internet.

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I always saw the internet like the little icon that it is right like this network this mesh

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net around the world and so I thought yeah this should have a have a currency and that's

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uh like one dimension how I looked at it the other dimension was just like yeah I was a student I

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felt like hey this is something to make money with so I think I day traded for like three months

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eventually one night I remember like I fell asleep and it was just hallucinating like seeing the

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charts everywhere and stuff and just realizing I was way too emotional to trade. So I stopped,

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I stopped doing that. But of course, you know, I found, I found Bitcoin, then I found the better

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Bitcoin, which was Litecoin. At that time, I even did a presentation at a big bank after a guy who

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did a Bitcoin presentation talking about Litecoin, you know, messing around with that early Doge,

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you know, whatever, just trading, just just fucking around, basically. And so in the end,

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Like I always share, like I bought between 100 and 300.

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I sold everything at 4,000 and I felt really great.

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When I look back at my tweets from 2013, I have tweets that say like Bitcoin is a synthesized digital commodity that you can trade 24-7, 365 with anyone in the world.

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And when I read that and think about that, I'm like, damn, like I got it, but I didn't get it.

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you know so um that is interesting to look back at because i think that's the journey of many

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people right like you you find it its number go up that's why you get in you look at it from one

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or two certain dimensions that you know are your interest and it took me a lot of coining well not

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a lot but like mainly eth and like some some coins on eth and nfts and stuff like that uh where you

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know i i like tinkering with technology i like being creative so i was kind of distracted by

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that i always held on to to some bitcoin um but then like in 2017 i uh i worked at a big bank

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in like the innovation department and i always walked in you know business district amsterdam

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with my backpack and and my bitcoin pin on my backpack and i always walked in feeling like an

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intruder you know and um one day so i was into bitcoin and a little bit still in the crypto stuff

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And I had a lot of colleagues that were into crypto. And then like one day I had a talk with a colleague of mine who mentioned, you know, did you know that the money in a bank is not yours? And I was like, what are you talking about? And then we had lunch for an hour and he explained to me, you know, fractional reserve banking. When you put your money in the bank, you basically lend it out to the bank. And they tried to make money with it. You know, if that works out, they keep all the profit. If it doesn't, you know, the losses get socialized on you.

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and so after that conversation I remember walking away just feeling like an idiot like

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I was 30 I was into Bitcoin so I should have like known known better I had a mortgage

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working at a bank right and I walked away from a conversation thinking like I'm a damn idiot like

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I'm participating in a financial system that I just don't know anything about like what are you

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doing and I think that kind of lit a fire in a sense that you know like like I said like I'm a

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curious person but this just uh yeah touched me somewhere where i was like yeah it's just

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fucking it's just fucking stupid like what are you doing like i never i just realized that with

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some decisions on things that you do in your life you just make the decision because you think that

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is the decision but you never really reflect on why you made the decision and if you're actually

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okay with the decision and that was really like one of those moments in my life and that really

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pushed me further down, you know, the Bitcoin rabbit hole, really looking at,

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you know, finance, economics, and like way more into what I call like the reason of existence,

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like why should Bitcoin exist, right? Like, does it have a right to exist? And so I mentioned I

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worked in the innovation department. And so my background is in like startups, digital products,

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mainly like early phases, like zero to one. And what I always hammered on is like, yeah,

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you can build anything, but should you, right?

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Like figuring out if you should do something and pursue that idea with your

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time, energy and resources. That's the most important question.

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And so I realized at that point in 2017, like,

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that's how I should look at it. Like, why does, should this exist?

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And what are these other crypto things doing here? And yeah,

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then I just figured out over time, it took me some time. Yeah.

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that the money that we're forced to use is very, very broken and that it will debase until, you know, into perpetuity and that I don't want to store my economic energy in a melting ice cube.

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And when I realized that, that I can just move from like one money system that I don't understand to actually a money system that I can understand and actually verify for myself how that works.

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You know, that was a pretty profound moment.

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And that's basically when I went all in.

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So I don't know if that was a nice summary, but that's kind of amazing.

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So many similarities.

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And so you are the host of the Bitcoin for Millennials podcast and we are both millennials who went into this Bitcoin thing And one of the things I like about how you have that theme is that we millennials all have somewhat similar paths into finding this thing those who have found Bitcoin

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because we grew up during a certain time,

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we were a certain age when certain things happened,

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and it morphs all of our brains in a similar track

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in a lot of ways.

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And one of the things that we have,

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which can be viewed as both a blessing and a curse,

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is our ability to look back at our old stupid tweets

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and want to punch our past selves in the face

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for getting into crypto, which I also did.

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I love that.

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I had a whole crypto blog that I spent so much time and energy

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just talking about these different shitcoins.

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Illusion.

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Yeah, I was.

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But we all figured it out eventually.

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And, well, I shouldn't say all of us.

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Hopefully the people listening to this have made it.

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And if they're not, then hurry up.

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Definitely not all of us.

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Yeah, but it's funny to see the similar paths.

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And I'm getting from your story.

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I think you're a little bit further on the elder millennial side than me.

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I just turned 30, so I'm on a very early side.

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Are you like mid-30s, late-30s?

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I'm 37.

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37, yeah.

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So you had seven years ahead of me on that.

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So I feel like we really are in such a great demographic for people to find this thing.

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And I'd be curious of your thoughts on how you view the millennial generation

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as a piece of this big awakening puzzle we can all see happening.

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For me personally, I feel like it's our purpose on this planet

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to be the generation that puts our foot down and says enough is enough.

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We need to turn this ship around.

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And that ship being fiat money, as Bitcoiners have figured out,

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like the fiat system is what's caused so many of the problems.

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So would you agree with that summarization from your research

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you've done talking to all these other millennials?

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Yes, I love this question.

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Oh man, there's so much in here.

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I'll start with the awakening part.

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I think that we are like the boomers are bamboozled by fiat money,

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but we are the most bamboozled by fiat money.

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Because I think we've grown up,

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and then especially talking about the Western world,

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we've grown up in the best time to ever grow up,

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you know, for any person that ever lived in the entirety of humanity,

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as far as we know how long that is, right. But, you know,

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to a considerable degree, we, we've probably had like the, the,

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the best time growing up ever, ever to exist. Right. And so again,

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especially in the West,

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I think you've never had to question what money is, right?

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Like you just got some coins and a bill and you were sent to a store and you

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gave that and you got a bread or a lollipop or whatever in return. And, you know, that was the

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moment when you realized, well, okay, apparently this is money, what people call money. And that's

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what we're just using, you know, and everything is just working. I mean, you know, comparable to

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probably, you know, 80% of the world, I have an incredible luxurious life in one of the richest

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countries in the world never worried about clean water or a roof over my head or food or whatever

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you know so i'm i'm incredibly privileged privileged and and just plain lucky to that degree so

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you know if you grow up in uh in a time like that why would you ever question if the system that

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you're in you know society that you're in if if if that is working for you or not you know and

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And I think where the big awakening part is that it's not, you know, that you have to understand that that is not that is not the case.

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that basically everything that you've been taught,

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all your preconceptions about building wealth,

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building your life, the steps to follow,

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everything that your parents and your grandparents,

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I think especially your parents were able to do,

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less so the grandparents, of course,

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at World War II era.

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So our parents had the perfect path.

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And that's because they profited

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from the introduction of fiat money significantly

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in their coming of age and becoming an adult.

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So that is what they taught us.

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By the way, pretty interesting that in two generations,

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you see that the system will break.

218
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So it's a very bad, flawed system.

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That was a sidestep.

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But everything that's been sold to us just is not working.

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So if people, I love these images where it shows like in the 1965,

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65, like an average teacher in the US could have, you know, a wife at home, three kids, a Cadillac and a home, you know, on an average teacher salary.

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Now, now the teachers cannot even live in the area where they teach in many, many parts of of the Western world specifically.

224
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So I think where the awakening is, is that you have to realize that, you know, and that was that moment for me at the bank when I partially realized this.

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You know, you are not an actor in this financial system.

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You are a subject.

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You are being used to perform certain activities to keep the scam that is fiat money basically alive.

228
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You know, it's a debt-based system.

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So, of course, you are incentivized to get a job so you can pay for a mortgage.

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So you can buy a home that has now become a tradable good instead of a utility good, for example.

231
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And so, yeah, again, I think the awakening part is in realizing that we are incredibly lucky and privileged to have grown up in a time like we've grown up.

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But that if you think about it towards the future, you know, we have 40, 50, 60 plus years ahead of us, generally speaking, like 30, 35 years of working.

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And if you see the rate of debasement of the fiat money, right, so the reward that we are getting for our productivity, our work is depreciating effectively, probably between 8 and 10 percent every year.

234
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try to make the calculation about how many money units whatever the money is in your country how

235
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many unit or currency how many currency units you need in order to live a certain lifestyle in 30 35

236
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years i mean i could recommend that to everyone but that's going to be kind of kind of a shocker

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and that's i think when i did that i realized that there is no pension you know there there

238
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there's just not going to be a pension as our parents have a pension, which in my mother's

239
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case, for example, I also find questionable. I tell her like, I really hope that the money is

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there, but I don't really think it's going to be there. So I'm going to think about you and

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hopefully I can help you. And she's, she is saying like, yeah, I can only trust that it's there.

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And she says, yeah, it's out of my control and this and that. And I think that that is such a

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pity you know like if you work in her case almost 50 years in in her life and then be uncertain about

244
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how you can afford living quite modestly to be honest for the the remainder of your life however

245
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long that is yeah just seeing that up close i think that's that's just a pretty bad outlook and

246
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so i know this is a very a long answer but why millennials are so primed to see this is because

247
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a they have a what we call hair on fire problem so if you do the calculation about your retirement

248
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you're going to realize that however many units you think you need to live a certain lifestyle

249
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that you want you're gonna need like three times more probably than um than you initially think

250
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and then if you think about okay how am i going to to do that and that is i think where a lot a lot

251
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of people fall into the trap of like thinking they should become money managers or investors

252
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or have someone help invest for them right like no you just you should be able to just save

253
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you know to live frugal to be um no frugal is i think a preference but like to really be the owner

254
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of the monetary energy like the monetary reward that you got for your work and oh yeah that's

255
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what I meant to say with being a subject, not an actor, is the fact that you can think you trade

256
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in a free way with someone else, your time and energy for a certain reward. But there's a third

257
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party that influences the value of that reward that you're getting. And that is being programmatically

258
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debased every year. So once you go out there in the world and you take risk having a job or doing

259
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a venture when you come home you have to mitigate effectively like i said between eight and ten

260
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percent debasement each year and that's why you are forced to become a consumer and you know so

261
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either you're going to spend it or you're going to think you should be playing the stocks game

262
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and trying to build wealth in that way and that's actually what is help is helping keeping the

263
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the system alive is you just running that rat race or of trying to mitigate that purposeful

264
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debasement that is taking place where, you know, on the other side, you could think like, okay,

265
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I'm taking a certain risk. I'm trying to add value to the world and, you know, whatever way,

266
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whatever your job or venture is. And when I come home, I just want to hang out with myself or my

267
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wife or find a wife or a spouse and build a family and figure out where to live and what to do and

268
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what to what more to learn and whatever but instead you are either forced to spend your money

269
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because all the money you have today is worth the most today or you're forced to become an investor

270
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and if you just want to be diligent and safe that is just not uh not possible anymore so

271
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i think that is the problem that people need to understand that that they have and then of course

272
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yeah you can ask yourself what is the what is the solution and in order to get to the solution you

273
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first really have to accept that you don't know what money is you don't know what saving is you

274
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don't know what investing is right like all the all these things that that you thought of which

275
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you thought how they worked are totally different and so that I think is not an IQ test more like an

276
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ego ego test like being willing to accept that yeah you're a grown person and you have no clue

277
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about what money is you know like for me that was quite a big thing and i've seen with the people i

278
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talked with that that was you know one of the biggest things to realize because yeah if my

279
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understanding of the money isn true or truthful like how it been told told to me uh yeah what What else it true right That perhaps a different conversation but just realizing that you have to take ownership

280
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of the decisions that you make,

281
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and that when you realize that you never thought about

282
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what to do in taking that decision,

283
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that you have to reflect on it.

284
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And when you then realize that you totally disagree

285
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with what you decided to do, just be okay with it, right?

286
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And just be like, okay, I'm going to study or find information, dissect information to actually figure out what the hell I should do here.

287
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And so if you want to figure out what money is, if you want to figure out how to just do your best in your job or venture, save towards the future in a stable way.

288
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And I think as an output of that, lower your uncertainty towards the future, then Bitcoin is what you should look into.

289
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and why I think the millennials are primed to understand it

290
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is because Bitcoin uniquely combines the physical world

291
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with the energy that is expended to create this digital commodity.

292
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And the digital world, you know, sending, trading in real time.

293
00:24:15,396 --> 00:24:20,016
Yeah, it's like the perfect merger or like the last product

294
00:24:20,016 --> 00:24:24,976
of physical and digital combined into one.

295
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So yeah, I know that was a very long answer,

296
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but I hope that was helpful.

297
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We love those.

298
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We love them.

299
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And since you have a generation name in your podcast,

300
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I'm just going to throw you all my generational questions here.

301
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It's perfect for it.

302
00:24:40,836 --> 00:24:43,496
I think this is such an interesting part of this story.

303
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I had Brandon Quittemann recently for a second time

304
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talking about the fourth turning,

305
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You know how these generations tend to follow these cycles.

306
00:24:52,136 --> 00:24:57,796
I think it's really fascinating to look at this and it helps us get a much clearer picture of what's happening.

307
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Also predict how things will happen in the future.

308
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And one of the things I feel like most people would agree with is that there's this weird clashing rivalry between boomers and millennials.

309
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It's like the Gen X was completely forgotten about for some reason.

310
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And there's now this millennials and boomers disagreement about things.

311
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And what is your view on that interesting clash?

312
00:25:23,936 --> 00:25:24,836
Why does it exist?

313
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Why was Gen X skipped?

314
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And what's causing this rivalry between these two generations?

315
00:25:33,896 --> 00:25:35,036
Yeah, it's funny.

316
00:25:35,756 --> 00:25:41,376
The Gen Xers reply on my video saying, like, we also exist.

317
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I don't know.

318
00:25:43,396 --> 00:25:46,936
Maybe they even had it easier than the millennials.

319
00:25:46,936 --> 00:25:47,996
I don't know.

320
00:25:48,236 --> 00:25:51,236
Maybe that's the thing you're trying to do here.

321
00:25:51,236 --> 00:26:03,556
But yeah, so I think that millennials are seeing that what has been sold to them, it just isn't working.

322
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And what they don't like, I think, I'm not necessarily like that, but, you know, boomers say like, well, yeah, but, you know,

323
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you think you you've you're having it you know it's rough for you like think about think about

324
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us right and then they you know share all all their things i think every generation has certain

325
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struggles so yeah i i don't even i don't really know how to answer the question but i'll i'll

326
00:26:33,336 --> 00:26:37,256
i'll tie it back to the previous one because what i forgot to say because you said like

327
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you know why why are the millennials so why do they have the opportunity to awaken the world

328
00:26:45,516 --> 00:26:52,696
I think it's because we really understand how the internet works.

329
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And because we understand that in a fundamental way, we also have all the tools needed to kick the boomer ruling class's ass, basically.

330
00:27:05,096 --> 00:27:08,816
Those are the people that are still governing over us.

331
00:27:08,816 --> 00:27:15,916
I literally just watched the video, an interview with a guy from the ECB, and they asked him, like, why are you making a central bank digital currency?

332
00:27:16,516 --> 00:27:21,836
Yeah, because we have to, you know, adjust to the digital times or whatever.

333
00:27:21,836 --> 00:27:24,436
Like, that's the main argument, right?

334
00:27:24,436 --> 00:27:40,676
Like that just shows a lack of understanding of the digital world, you know, global access to information now with AI, global access to productivity, global access to communication with anyone in the world, right?

335
00:27:40,676 --> 00:27:51,376
Like the centralized points of origination of information and policy and stuff like that, like that is just really over.

336
00:27:51,956 --> 00:27:54,276
On the internet, that's already over, right?

337
00:27:54,436 --> 00:28:03,376
And I think we're going into this transition where, you know, in the physical world, in the leadership roles, et cetera, you know, roles of power.

338
00:28:04,196 --> 00:28:06,716
Yeah, the millennials are slowly taking over.

339
00:28:07,116 --> 00:28:15,516
Combined with that, we are going to inherit, you know, like the most wealth to ever be inherited ever.

340
00:28:15,516 --> 00:28:20,516
So we are going to become the leading class.

341
00:28:20,516 --> 00:28:26,196
class. And I think that many millennials, you know, I think the definition or like the

342
00:28:26,196 --> 00:28:31,836
characteristic of millennials, one of those things is also like, like justice, right. And honesty

343
00:28:31,836 --> 00:28:38,656
and community and stuff like that. And I think that is really what we find important. I mean,

344
00:28:38,656 --> 00:28:42,876
we are talking here, we found each other through a certain subject and you're on the other side of

345
00:28:42,876 --> 00:28:47,236
the world and we're connected here and just, you know, sharing our thoughts like that is something

346
00:28:47,236 --> 00:28:50,116
that the boomers have never been able to do, right?

347
00:28:50,116 --> 00:28:55,116
You know, not to criticize,

348
00:28:55,396 --> 00:28:57,496
but that was like the technology wasn't there, right?

349
00:28:57,556 --> 00:29:00,896
So their worldview is per definition,

350
00:29:01,096 --> 00:29:04,896
just more narrow and also I think more controlled

351
00:29:04,896 --> 00:29:06,836
by whoever taught them.

352
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Whereas with us, like we can just access

353
00:29:09,276 --> 00:29:10,796
any information in the world

354
00:29:10,796 --> 00:29:12,636
and we're also able to dissect it.

355
00:29:12,716 --> 00:29:15,636
Like some people now hate on Twitter.

356
00:29:15,636 --> 00:29:22,836
i've been on twitter for like 12 13 15 years even i i i would pay 500 euros a month for twitter

357
00:29:22,836 --> 00:29:30,276
like that's my access door to the world to people to real-time things happening you know um

358
00:29:31,476 --> 00:29:38,676
and so i think what the boomers and to a degree also gen x have to realize that that information

359
00:29:38,676 --> 00:29:46,956
wise we've already won like community wise connection wise like um i've had so many times

360
00:29:46,956 --> 00:29:51,936
that i learned something on the internet from someone that that you know knows what they're

361
00:29:51,936 --> 00:29:56,596
talking about and then like two months later i see it in the mainstream media and i think like

362
00:29:56,596 --> 00:30:02,336
yeah you're like you're behind you know and speed is becoming more and more and more um important

363
00:30:02,336 --> 00:30:08,156
i think especially you know with ai like if you can build anything yeah i think i think you know

364
00:30:08,156 --> 00:30:11,136
coming 10 years are going to be crazy. But, you know, if,

365
00:30:11,376 --> 00:30:15,956
if you don't learn about this, you will fall behind. And then

366
00:30:15,956 --> 00:30:19,276
that, that is just basically it. So again,

367
00:30:19,376 --> 00:30:20,576
this is a broad answer,

368
00:30:20,576 --> 00:30:24,636
but I think millennials have all the tools in their toolkit plus the money

369
00:30:24,636 --> 00:30:25,156
later,

370
00:30:25,336 --> 00:30:31,156
plus the age that actually puts them in a certain place where they can help

371
00:30:31,156 --> 00:30:33,176
elevate the,

372
00:30:33,176 --> 00:30:36,276
the rest of the world with, you know,

373
00:30:36,276 --> 00:30:40,856
kind of these principles of freedom of information and collaboration and all these things.

374
00:30:43,076 --> 00:30:55,156
Yeah, and I would say the more I dig into Bitcoin and how each generation is taking in this new crazy thing that's coming in about to blow everything up,

375
00:30:55,676 --> 00:30:59,536
it's made me understand that millennials are pretty awesome.

376
00:30:59,536 --> 00:31:06,196
And I think it's worth saying that I have come to appreciate my generation more and more.

377
00:31:06,276 --> 00:31:16,016
I think that a lot of people got sucked up into the fiatness of it all because we were in a lot of ways raised in that world where things are a certain way.

378
00:31:16,156 --> 00:31:17,516
I mean, there's so many examples.

379
00:31:17,716 --> 00:31:18,736
School is an example.

380
00:31:18,976 --> 00:31:25,176
It's just completely indoctrinated in the world that you all have to go to this government school that teaches you these certain things.

381
00:31:25,296 --> 00:31:27,756
It gives you all this information that's not really helpful for your life.

382
00:31:27,836 --> 00:31:33,676
And then you go to college, get in debt, then go to the job market, and there's no jobs available.

383
00:31:33,676 --> 00:31:39,476
So there's a lot of these pieces that are downstream effects of fiat that we have experienced.

384
00:31:40,016 --> 00:31:50,296
But I'm still seeing people in millennials specifically that are extremely selfless in a lot of ways and really want to make the world a better place.

385
00:31:50,656 --> 00:31:54,876
And I don't get as much of that vibe from the past generations.

386
00:31:55,556 --> 00:32:01,796
I think that do you think that would be fair to say that you think that the generation before us were a little bit more selfish?

387
00:32:01,796 --> 00:32:03,096
I'm not saying that in a bad way.

388
00:32:03,096 --> 00:32:04,796
I'm selfish in a lot of ways too.

389
00:32:05,836 --> 00:32:08,476
But do you think that the previous generations versus the millennials,

390
00:32:08,656 --> 00:32:11,656
I feel like millennials are really the save the world types.

391
00:32:11,756 --> 00:32:12,476
Would you agree with that?

392
00:32:15,516 --> 00:32:16,876
Yeah, I think so.

393
00:32:17,036 --> 00:32:20,716
I think that's – I'm looking something up.

394
00:32:22,476 --> 00:32:25,676
I think that's what I meant with the justice part, right?

395
00:32:25,676 --> 00:32:34,876
Like just because we have more information, we also see more stuff that we don't like that we think should be fixed.

396
00:32:34,876 --> 00:32:40,716
Right. So I think it's kind of attached to that and just realizing that.

397
00:32:42,556 --> 00:32:48,456
Yeah, because you can reach anyone in the world, like you can also coordinate action anywhere in the world.

398
00:32:48,456 --> 00:32:55,376
And so I do think we are less selfish.

399
00:32:56,716 --> 00:32:57,516
I don't know.

400
00:32:57,556 --> 00:32:58,536
Maybe it's that.

401
00:32:58,636 --> 00:33:17,976
I think just our focus on community, just being, you know, really being into that, I think is eventually also what just enables people to create communities around whatever they find important or want to talk about or discover or improve or whatever.

402
00:33:17,976 --> 00:33:21,816
so I think it's kind of that but when you say selfishness

403
00:33:21,816 --> 00:33:25,476
selfishness I I'm looking up

404
00:33:25,476 --> 00:33:29,756
Ayn Rand who says a lot about selfishness

405
00:33:29,756 --> 00:33:32,616
actually and she says

406
00:33:32,616 --> 00:33:37,476
I'm just quoting here one thing according to Ayn Rand's philosophy

407
00:33:37,476 --> 00:33:41,496
a selfish person is a person who pursues his goals and is guided by reason not by

408
00:33:41,496 --> 00:33:45,076
instantaneous whims or emotions and it's actually interesting

409
00:33:45,076 --> 00:33:48,376
such selfishness is also called rational.

410
00:33:49,516 --> 00:33:54,696
And it's funny because I'm bringing this up

411
00:33:54,696 --> 00:33:57,436
because I found this like five weeks ago.

412
00:33:57,516 --> 00:33:58,556
Someone shared a quote.

413
00:33:58,696 --> 00:34:01,176
It was a different quote about selfishness from Ayn Rand.

414
00:34:02,036 --> 00:34:04,236
And when I read it, you know,

415
00:34:04,276 --> 00:34:05,676
it was similar to what I just said.

416
00:34:05,776 --> 00:34:07,416
I felt like, hey, I don't really understand

417
00:34:07,416 --> 00:34:08,476
what selfishness is.

418
00:34:09,476 --> 00:34:14,036
So selfishness is not that you,

419
00:34:14,036 --> 00:34:16,536
don't care about others.

420
00:34:16,536 --> 00:34:18,096
It's just like you focus on yourself.

421
00:34:18,716 --> 00:34:24,716
And I do think that before you can become a bit more altruistic

422
00:34:24,716 --> 00:34:36,314
or in service of others I think it is actually really important to know yourself because I think when you better know yourself

423
00:34:36,494 --> 00:34:40,314
it's also helpful in figuring out,

424
00:34:40,454 --> 00:34:44,634
okay, what is it then that I can do to add value to the world,

425
00:34:44,734 --> 00:34:48,234
to be of service to other people?

426
00:34:48,354 --> 00:34:52,274
And I think that eventually the thing that you then do

427
00:34:52,274 --> 00:34:58,394
will become more valuable to others if you first focused on yourself

428
00:34:58,394 --> 00:35:02,654
to just do stuff and figure stuff out and fail and learn

429
00:35:02,654 --> 00:35:03,914
and all these things.

430
00:35:04,094 --> 00:35:07,774
And so, yeah, those are my thoughts around selfishness.

431
00:35:07,834 --> 00:35:09,594
I think it's interesting you pointed.

432
00:35:09,594 --> 00:35:15,594
I think it's different from individualism, right?

433
00:35:15,674 --> 00:35:19,014
Also, something I learned, that's what I thought meant,

434
00:35:19,014 --> 00:35:22,694
just focusing on yourself or not caring about others.

435
00:35:22,794 --> 00:35:25,734
But that's actually not what individualism is.

436
00:35:26,134 --> 00:35:29,934
Individualism is actually that you respect each individual

437
00:35:29,934 --> 00:35:33,594
as being an individual like you.

438
00:35:33,714 --> 00:35:37,514
It's actually something that would breed more respect

439
00:35:37,514 --> 00:35:40,114
between people in society.

440
00:35:40,254 --> 00:35:43,994
But I think that is also one of the terms or things

441
00:35:43,994 --> 00:35:48,514
that just has kind of been twisted along the way

442
00:35:48,514 --> 00:35:54,594
that I think kind of like distort the opportunity that we have

443
00:35:54,594 --> 00:35:58,234
to actually bring more people together and align people way more,

444
00:35:58,434 --> 00:36:01,354
you know, by using the internet and like modern technology

445
00:36:01,354 --> 00:36:02,714
like we're using now.

446
00:36:03,594 --> 00:36:04,954
Yeah, that's such a good point.

447
00:36:05,014 --> 00:36:08,914
And I agree that selfishness does not mean you don't care about other people.

448
00:36:09,234 --> 00:36:15,174
And I think that the perfect example is, let me think, veganism.

449
00:36:15,174 --> 00:36:21,674
There's one. Millennials, super vegan generation. These are people that care so much about like

450
00:36:21,674 --> 00:36:25,434
looking outside of themselves and other things. And they care about the animals. They care about

451
00:36:25,434 --> 00:36:29,934
the environment. They care about all this other stuff that they will literally like wither away

452
00:36:29,934 --> 00:36:35,954
in malnourishment themselves because they think that the other things are more important than them.

453
00:36:36,094 --> 00:36:42,334
So it's like, it can be used in such a way that it becomes a weapon used by the bad guys outside

454
00:36:42,334 --> 00:36:46,334
I can realize these people don't have selfishness, so we can take advantage of it.

455
00:36:46,454 --> 00:36:53,334
So we need to have a balance of selfishness, taking care of ourselves, protecting ourselves and our loved ones,

456
00:36:53,334 --> 00:36:59,194
while also having that broader view of the world and wanting to make the world a better place.

457
00:36:59,194 --> 00:37:04,754
And I think a big part of it is just understanding it starts from that first level of your family and yourself,

458
00:37:04,754 --> 00:37:12,534
but also spreading love and light and knowledge for other people to find that same path.

459
00:37:13,194 --> 00:37:15,534
And I think that's good. Is there anything you would add to that?

460
00:37:15,614 --> 00:37:19,514
I feel like this is something that I do sense that millennials are starting to figure out too.

461
00:37:19,514 --> 00:37:21,854
We're seeing trends on social media.

462
00:37:22,014 --> 00:37:27,174
There's more trad wifey content and people promoting families being super cool.

463
00:37:27,334 --> 00:37:30,334
Where when we were younger, it wasn't that way.

464
00:37:30,434 --> 00:37:33,974
I think when Instagram was young, it was purely just a highlight reel.

465
00:37:33,974 --> 00:37:40,694
It was the peak of feminism, I feel like, where it was saying, don't have kids, go work a job and pay taxes.

466
00:37:41,354 --> 00:37:42,994
And I'm seeing that shift.

467
00:37:43,074 --> 00:37:49,674
It seems like people are starting to kind of collect themselves and millennials are sort of leading that shift in what the zeitgeist is showing us.

468
00:37:49,794 --> 00:37:50,774
What do you think about that?

469
00:37:50,834 --> 00:37:52,054
I kind of threw a lot of things out there.

470
00:37:52,054 --> 00:38:14,374
I think that that aligns with what I said about, you know, understanding that the way that information permeates into the real world or true and to the real world is the virtual world, is the Internet, you know.

471
00:38:14,374 --> 00:38:30,694
And the internet, if you think about it in a way that it's pure democratization of information, the world is a battlefield of ideas and eventually ideologies, right?

472
00:38:30,694 --> 00:38:38,134
but but of of ideas and so if if you have a free marketplace of ideas where um and this is

473
00:38:38,134 --> 00:38:43,654
eventually i think also a nice tie to bitcoin where you know we can look up the numbers maybe

474
00:38:43,654 --> 00:38:51,494
maybe quickly i'll try to be quickly like how how much uh data is shared on the internet daily you

475
00:38:51,494 --> 00:38:58,054
know something like that so you know if you if you if you think about the world as a battlefield

476
00:38:58,054 --> 00:39:04,454
of ideas and then just think about like okay on the internet like how much data is there shared

477
00:39:04,454 --> 00:39:11,414
every day right or you know i'm thinking about how many hours of youtube videos or like podcasts or

478
00:39:11,414 --> 00:39:20,694
or whatever right so i just quickly googled says like 402.7 million terabytes of data created each

479
00:39:20,694 --> 00:39:28,614
day each day okay I'm scrolling down just to see if there's like YouTube or

480
00:39:28,614 --> 00:39:33,374
yeah this is this is just data but like how many hours of our proportion of

481
00:39:33,374 --> 00:39:41,634
internet data traffic daily 53% video 12% social okay so feed video is over

482
00:39:41,634 --> 00:39:46,554
half of all the internet and I mean video like I don't know how much is

483
00:39:46,554 --> 00:39:55,414
probably a lot but the the point is you can discover that too you know so you know i think

484
00:39:55,414 --> 00:40:00,814
the the the i'm losing track you know

485
00:40:00,814 --> 00:40:05,614
can you remind me of the question again

486
00:40:05,614 --> 00:40:13,554
i don't even remember anymore either um how millennials are we're shifting the way that

487
00:40:13,554 --> 00:40:20,174
we're like consuming and producing content to be in like a more positive direction oh yeah yeah yeah

488
00:40:20,174 --> 00:40:29,134
so if yeah i got it so if if the world is an is a battlefield of ideas right and there are many

489
00:40:29,134 --> 00:40:38,374
ideas released on the internet every day and it's a brutal free market of ideas right good ideas

490
00:40:38,374 --> 00:40:42,314
will still come to the surface.

491
00:40:42,714 --> 00:40:44,714
Things that people really want

492
00:40:44,714 --> 00:40:46,654
are not ephemeral on the internet.

493
00:40:46,974 --> 00:40:48,834
They keep coming back.

494
00:40:50,134 --> 00:40:52,994
So Sidestep Bitcoin is a random idea

495
00:40:52,994 --> 00:40:56,934
released on a random internet forum 16 years ago.

496
00:40:56,934 --> 00:41:01,314
And now it represents over $2 trillion in value.

497
00:41:01,974 --> 00:41:04,014
So is that a good idea or not?

498
00:41:04,734 --> 00:41:08,314
If you think about the insane amount of ideas

499
00:41:08,314 --> 00:41:14,474
released every day on the internet you know so 16 years after this was released you know

500
00:41:14,474 --> 00:41:19,114
it's still alive and i think it's similar with you know what you're mentioning about the content

501
00:41:19,114 --> 00:41:24,554
that people are making they call it like trad or you know or traditional whatever no like it's

502
00:41:24,554 --> 00:41:32,154
just a good idea it's something that enough people want so that it just you know stays in this in

503
00:41:32,154 --> 00:41:38,154
the zeitgeist you know it goes goes up and down with attention but and again i think that's an

504
00:41:38,154 --> 00:41:43,194
interesting tie to like money and bitcoin i i mentioned when i talked about money

505
00:41:44,394 --> 00:41:48,474
you know the uncertainty towards the future and this is really i think my core understanding of

506
00:41:48,474 --> 00:41:54,234
bitcoin and i got this partially from from safety namus who talks about like time preference right

507
00:41:54,234 --> 00:42:01,114
so if we we all don't know how much time we have in our lives right like it's absolutely finite like

508
00:42:01,114 --> 00:42:03,154
Like we could be dead tomorrow.

509
00:42:03,294 --> 00:42:04,534
And that's the same for everyone.

510
00:42:04,674 --> 00:42:10,694
So we have a certain uncertainty towards the future.

511
00:42:11,774 --> 00:42:14,914
And so that's the same for everyone.

512
00:42:14,914 --> 00:42:25,134
But with the reward that you get for doing, you know, or applying your productivity to the world, you get a reward.

513
00:42:25,474 --> 00:42:30,834
And you can use that reward to save that in order to spend it in the future.

514
00:42:31,114 --> 00:42:35,634
on something that is created by someone else's productivity.

515
00:42:36,094 --> 00:42:39,694
But if that thing that you're saving towards the future

516
00:42:39,694 --> 00:42:42,194
is losing its value all the time,

517
00:42:42,454 --> 00:42:48,054
then you actually increase your uncertainty towards the future,

518
00:42:48,314 --> 00:42:50,694
which makes you more focused on the now,

519
00:42:50,694 --> 00:42:55,054
but not in the good way, in the bad way.

520
00:42:55,234 --> 00:42:57,714
As in, if I cannot save towards the future,

521
00:42:57,814 --> 00:42:59,814
if my uncertainty towards the future grows,

522
00:42:59,814 --> 00:43:06,034
you know and below that is the fact that and i said that before but all the money that you have

523
00:43:06,034 --> 00:43:11,534
today is worth the most today then you're also incentivized to just spend it today on on stupid

524
00:43:11,534 --> 00:43:16,274
stuff and and like i said before becoming a consumer instead of a builder because if you

525
00:43:16,274 --> 00:43:22,334
want to be a builder you have to have capital to lower your uncertainty towards the future

526
00:43:22,334 --> 00:43:28,734
so next so you can actually use time and space and and take some risk in order to build something

527
00:43:28,734 --> 00:43:41,814
And then if you think about like, what would you want to build? Like that could be anything that could be building out your career, like learning something new, then switching in your career or building a home or building a family, for example.

528
00:43:41,814 --> 00:43:43,234
eventually

529
00:43:43,234 --> 00:43:46,154
that is what

530
00:43:46,154 --> 00:43:48,574
is encoded

531
00:43:48,574 --> 00:43:50,034
in us biologically

532
00:43:50,034 --> 00:43:52,994
so the procreation

533
00:43:52,994 --> 00:43:54,414
and what we're seeing right now

534
00:43:54,414 --> 00:43:56,494
is that many people especially in the millennial

535
00:43:56,494 --> 00:43:58,594
generation are not having children

536
00:43:58,594 --> 00:44:00,594
because they're so anxious towards the

537
00:44:00,594 --> 00:44:02,474
future, about the future, they're so

538
00:44:02,474 --> 00:44:04,594
nihilistic, I cannot change

539
00:44:04,594 --> 00:44:06,374
anything about the world etc etc

540
00:44:06,374 --> 00:44:08,394
wouldn't surprise you that

541
00:44:08,394 --> 00:44:09,494
I don't believe in that

542
00:44:09,494 --> 00:44:11,814
because we have all this technology

543
00:44:11,814 --> 00:44:13,754
and we could just do things.

544
00:44:15,174 --> 00:44:17,534
People are deciding not to have kids,

545
00:44:17,634 --> 00:44:18,614
people in our generation

546
00:44:18,614 --> 00:44:20,734
who are in the prime years of their lives

547
00:44:20,734 --> 00:44:24,254
to have children and build a family.

548
00:44:24,714 --> 00:44:26,134
They are not doing that

549
00:44:26,134 --> 00:44:28,214
because they are so worried

550
00:44:28,214 --> 00:44:30,514
about affordability towards the future.

551
00:44:32,614 --> 00:44:34,234
You know, that is, I think,

552
00:44:34,314 --> 00:44:35,814
what fiat money is creating

553
00:44:35,814 --> 00:44:38,254
is that people are actually, you know,

554
00:44:38,254 --> 00:44:45,514
forced to not follow their biological urges because they are also forced to use money that

555
00:44:45,514 --> 00:44:50,994
is being debased all the time, a money that is not organically chosen. It's purposefully,

556
00:44:51,394 --> 00:44:58,034
it was created like this to, you know, fuel a certain debt-based system. But, you know,

557
00:44:58,754 --> 00:45:02,634
now that we're seeing that people are not having children because they are so uncertain

558
00:45:02,634 --> 00:45:07,834
about the future you also see that you know the ideas that that you talked about the whole

559
00:45:08,634 --> 00:45:15,514
the the the traditional ideas about families and stuff like they are coming back because people um

560
00:45:16,794 --> 00:45:22,954
people want that like people are yearning to have something like that but the current situation with

561
00:45:22,954 --> 00:45:28,154
the money that's broken and being debased all the time is showing them that you know that is not

562
00:45:28,154 --> 00:45:35,834
possible anymore and I think you know again a long a long answer but like long answers

563
00:45:35,834 --> 00:45:42,714
this is the problem that everyone has so the problem is not only that you know your money

564
00:45:42,714 --> 00:45:48,214
is being debased effectively eight to ten percent there is no pension you you won't have enough

565
00:45:48,214 --> 00:45:54,014
currency units to pay for whatever the life is that you want to have right now and the things

566
00:45:54,014 --> 00:45:56,734
that you want right now in this phase of your life

567
00:45:56,734 --> 00:46:00,034
are not attainable to a vast

568
00:46:00,072 --> 00:46:06,792
majority of our generation. And these are, I think, the three elements of the big problem that

569
00:46:06,792 --> 00:46:13,792
millennials have and why they should study Bitcoin. We can get into why that's a solution. But

570
00:46:13,792 --> 00:46:18,352
I think it's because of that, because of the realization that

571
00:46:18,352 --> 00:46:29,572
we aren't really able to build a quote unquote traditional life like that is, I think, one of

572
00:46:29,572 --> 00:46:36,292
the main reasons that people are creating and consuming also this type of content.

573
00:46:37,572 --> 00:46:39,632
I completely agree with all that, 100%.

574
00:46:39,632 --> 00:46:44,552
I think that we're in a very similar mindset on how this is all falling together.

575
00:46:44,732 --> 00:46:49,292
And the direction I'd love to take it now is looking forward at Gen Z.

576
00:46:49,692 --> 00:46:55,412
And my view of Gen Z has been all over the place over the last several years.

577
00:46:55,412 --> 00:47:04,112
I feel like the starting place for most people when you're sort of in that nihilistic mindset is like, oh, man, they're just going to be even worse.

578
00:47:04,312 --> 00:47:06,132
Like they're on their phones all the time.

579
00:47:06,252 --> 00:47:07,832
They don't know how to socialize.

580
00:47:08,152 --> 00:47:11,592
Things are just getting worse and worse, and we feel bad for them because it seems that way.

581
00:47:11,672 --> 00:47:21,532
But I've been getting more optimistic recently from my own experience also just traveling and just meeting people from millennials and Gen Z are starting to be at the age of traveling now.

582
00:47:22,172 --> 00:47:24,852
And I'm getting more bullish on them, to be honest.

583
00:47:24,852 --> 00:47:29,992
And I did a Noster post the other day.

584
00:47:30,012 --> 00:47:30,912
Let me see if I can pull up my window.

585
00:47:31,532 --> 00:47:32,872
I can just read this off.

586
00:47:33,452 --> 00:47:35,492
I feel like I kind of just put my thoughts on paper here.

587
00:47:35,632 --> 00:47:36,852
So I said this.

588
00:47:37,392 --> 00:47:42,512
I'm so bullish on Gen Z, meeting more and more of them that are eons more based than I was at their age.

589
00:47:43,052 --> 00:47:52,452
They really have been born into a super divergent landscape where you either become a totally antisocial, screen-addicted soy slob, or you become a gigabase in record time.

590
00:47:52,452 --> 00:47:57,592
highly dependent on the parenting of course so it's largely a second order effect of millennials

591
00:47:57,592 --> 00:48:02,032
gen x getting their shit together very cool to see it enforces my view that the millennials

592
00:48:02,032 --> 00:48:05,912
primary purpose in the awakening process is the generation to put their foot down and stop the

593
00:48:05,912 --> 00:48:10,572
damage it's sad to see lots of folks in my generation who were consumed by the volatility

594
00:48:10,572 --> 00:48:16,032
and may never recover but spiritual casualties during such a dramatic shift are inevitable

595
00:48:16,032 --> 00:48:20,812
never been more optimistic the future is bright what do you think about that would you agree with

596
00:48:20,812 --> 00:48:28,352
me on this do you think that things are looking good dude yes cool yes yeah what are your thoughts

597
00:48:28,352 --> 00:48:34,932
on it because to me i think the big the big piece that i am confident about is the the divergent

598
00:48:34,932 --> 00:48:40,652
part of the fact that you know they really have two very crazy different different paths you can

599
00:48:40,652 --> 00:48:47,992
either go down the horrible path of just you know scrolling on tiktok all day just eating the seed

600
00:48:47,992 --> 00:48:54,612
oils and you just never get anywhere or you you get into a good track which is being led mostly by

601
00:48:54,612 --> 00:48:58,492
the the millennials and the gen x people who are trying to you know show them the way from their

602
00:48:58,492 --> 00:49:02,752
own mistakes tell me your thoughts about this whole situation i've sort of laid out there

603
00:49:02,752 --> 00:49:12,832
i fully agree fully agree um i i think you're spot on saying it's like 50 50 i think it's funny

604
00:49:12,832 --> 00:49:14,372
because it's kind of natural, right?

605
00:49:14,452 --> 00:49:16,932
Like kind of like yin and yang in that sense.

606
00:49:17,772 --> 00:49:19,072
I fully agree.

607
00:49:19,452 --> 00:49:24,492
I think that they are actually either more equipped

608
00:49:24,492 --> 00:49:27,712
to use the internet to their advantage, right?

609
00:49:27,812 --> 00:49:31,332
Like so IE become just super based, decentralized,

610
00:49:31,332 --> 00:49:35,512
like autonomous acting people,

611
00:49:35,792 --> 00:49:41,112
or they have been defeated by, you know,

612
00:49:41,112 --> 00:49:54,212
all the fucking algorithms and optimization and, you know, yeah, like you said, like all the slob, all the brain rot that is created by the same type of people as them, I would say.

613
00:49:55,112 --> 00:50:04,792
Because I think once you become super based and super autonomous and super decentralized, those are the people that I think are actually the most altruistic.

614
00:50:04,792 --> 00:50:10,392
those are very open in helping other people. I think those are the people that are creating

615
00:50:11,512 --> 00:50:18,472
communities and just now messing around with AI, building companies, just really being at

616
00:50:18,472 --> 00:50:26,712
the forefront of trying out all of this stuff. And I wonder actually if that is also the case

617
00:50:26,712 --> 00:50:34,712
in our generation. Is there also like a 50-50 type split? I don't know. I wonder what you

618
00:50:34,712 --> 00:50:42,952
think but yeah i i agree i think that i what i think is that like the base gen z years can actually

619
00:50:43,752 --> 00:50:53,032
are are are serious rivals to like my age millennials i'd say you know in terms of

620
00:50:53,032 --> 00:50:59,352
the whole digital savviness and knowledge and and uh the connectedness and stuff like that and i

621
00:50:59,352 --> 00:51:07,752
think that's very cool i mean they have a 15 to 20 year head start on on me so imagine when they

622
00:51:07,752 --> 00:51:24,121
are like late late 30s they gonna be like they are going to be the ruling class in that in that sense and i think maybe that sounds weird but then they kind of will enforce those principles on the rest And I think that actually makes me

623
00:51:24,121 --> 00:51:25,941
pretty enthusiastic about the future

624
00:51:25,941 --> 00:51:28,581
in which my son has to grow up

625
00:51:28,581 --> 00:51:30,181
and my daughter.

626
00:51:30,181 --> 00:51:34,061
So I am actually very optimistic

627
00:51:34,061 --> 00:51:35,581
about the future

628
00:51:35,581 --> 00:51:37,001
because I think that the people

629
00:51:37,001 --> 00:51:38,861
that are now in charge

630
00:51:38,861 --> 00:51:40,681
to create the policies

631
00:51:40,681 --> 00:51:41,701
and the guidelines

632
00:51:41,701 --> 00:51:42,661
and shit like that

633
00:51:42,661 --> 00:51:43,821
for like new technology,

634
00:51:44,441 --> 00:51:46,661
many have no clue.

635
00:51:47,521 --> 00:51:48,461
They have no clue.

636
00:51:48,561 --> 00:51:49,041
Like I said,

637
00:51:49,141 --> 00:51:51,281
like the whole example of CBDCs.

638
00:51:51,281 --> 00:51:54,841
They just have no fucking clue how it works.

639
00:51:55,621 --> 00:51:56,121
Like really.

640
00:51:56,721 --> 00:51:57,841
You should go on WhatsApp

641
00:51:57,841 --> 00:52:00,461
and open like the communities tab

642
00:52:00,461 --> 00:52:03,461
and then look up European Central Bank or EU

643
00:52:03,461 --> 00:52:04,801
and then look at the content.

644
00:52:06,841 --> 00:52:07,921
That's going to be fun.

645
00:52:08,141 --> 00:52:09,061
Like I'd love to see the comments.

646
00:52:09,061 --> 00:52:09,741
What even is that?

647
00:52:09,921 --> 00:52:12,601
Is that like people posting from the EU?

648
00:52:12,661 --> 00:52:13,101
Exactly.

649
00:52:13,361 --> 00:52:14,361
Or people posting about it.

650
00:52:14,501 --> 00:52:14,601
Okay.

651
00:52:15,981 --> 00:52:21,341
No, it's the EU's community communication channel on WhatsApp.

652
00:52:23,041 --> 00:52:25,761
And each message has like 50 likes.

653
00:52:26,421 --> 00:52:27,201
No one cares.

654
00:52:28,101 --> 00:52:28,841
No one cares.

655
00:52:29,921 --> 00:52:32,181
And if you think about, you know, I'll tie it to Bitcoin.

656
00:52:32,381 --> 00:52:34,001
Bitcoin is the network state already.

657
00:52:34,181 --> 00:52:37,841
I can come to fucking Costa Rica and I can stay with you.

658
00:52:37,841 --> 00:52:40,701
and then I have a friend who lives in New York

659
00:52:40,701 --> 00:52:43,121
that you then go to and stay with him.

660
00:52:43,201 --> 00:52:47,561
If I have some fucking stage four crazy cancer tomorrow,

661
00:52:47,961 --> 00:52:51,741
I'm with a doctor in wherever

662
00:52:51,741 --> 00:52:54,361
who's a Bitcoiner in five days.

663
00:52:55,781 --> 00:52:58,101
That already exists and we can do that.

664
00:52:58,961 --> 00:53:01,941
So the boomers in charge

665
00:53:01,941 --> 00:53:04,521
and the Gen Xers in charge do not have that.

666
00:53:05,121 --> 00:53:06,741
And so I think that's our edge.

667
00:53:06,741 --> 00:53:09,361
and I think the Gen Zers have that even way more

668
00:53:09,361 --> 00:53:11,301
right like they have friends

669
00:53:11,301 --> 00:53:13,061
from fucking Fortnite or whatever

670
00:53:13,061 --> 00:53:15,541
so they are even more

671
00:53:15,541 --> 00:53:17,501
connected

672
00:53:17,501 --> 00:53:18,361
in that way

673
00:53:18,361 --> 00:53:21,761
I literally made friends playing Call of Duty

674
00:53:21,761 --> 00:53:22,441
but yeah

675
00:53:22,441 --> 00:53:25,881
it's so funny how the video game

676
00:53:25,881 --> 00:53:27,201
angle especially for guys

677
00:53:27,201 --> 00:53:28,721
because guys play video games more

678
00:53:28,721 --> 00:53:30,981
sort of pulls our brains in more

679
00:53:30,981 --> 00:53:32,541
I literally have

680
00:53:32,541 --> 00:53:35,421
friends to this day that I played Call of Duty with

681
00:53:35,421 --> 00:53:36,521
like over a decade ago

682
00:53:36,521 --> 00:53:44,161
And I met them through that. It's crazy how there's different ways that people can sort of find each other.

683
00:53:44,321 --> 00:53:46,741
And you're right, the networking is such a big part of it.

684
00:53:46,901 --> 00:53:54,681
And the fact that we connected through the Bitcoin network and there's so many other people out there who are finding their people.

685
00:53:54,681 --> 00:54:08,721
And Bitcoin is starting to become this big blob in the middle that's bringing people from all different edges together through that similar understanding of the money being the problem here.

686
00:54:09,061 --> 00:54:14,521
And it's so fascinating to me how all these different things all are connected to that.

687
00:54:14,601 --> 00:54:16,121
But it makes sense.

688
00:54:16,121 --> 00:54:27,281
I talked to Joe Bryan earlier today who did that awesome What's the Problem video, and he brings up during that video just how the money system is the glue that holds everything together.

689
00:54:27,601 --> 00:54:45,361
So when you find people that are in Bitcoin, you're going to inevitably find other people in these different areas that, like you said, can help you in different ways because they're able to specialize in the things that they're actually good at, and they don't have to focus on being a stock trader or splitting their energy up in all these different places.

690
00:54:45,361 --> 00:54:57,761
Because you notice this really clearly when you go to Bitcoin, you have to meet Bitcoin folks, is that they are able to completely focus on what they're really good at and not have to split themselves up all over the place.

691
00:54:57,801 --> 00:54:58,461
Have you seen that too?

692
00:55:02,221 --> 00:55:04,241
I mean, you're incentivized to do that.

693
00:55:04,241 --> 00:55:24,881
But if you measure Bitcoin only in Bitcoin and you realize that there's only 21 million Bitcoin and it's the hardest money to ever exist, you also realize that you have to add real value in the world to be able to earn that Bitcoin.

694
00:55:24,881 --> 00:55:27,601
Like right now, you can still exchange it for fiat money.

695
00:55:29,201 --> 00:55:32,761
You know, that's how I see it as an exchange rate, like not a price.

696
00:55:32,761 --> 00:55:36,601
and the people that understand that

697
00:55:36,601 --> 00:55:40,121
are positively incentivized

698
00:55:40,121 --> 00:55:43,681
to figure out what am I here to do?

699
00:55:43,921 --> 00:55:46,381
How do I add value to the world?

700
00:55:46,441 --> 00:55:49,801
And I think also that will continuously accelerate.

701
00:55:49,801 --> 00:55:53,221
And I think the word acceleration,

702
00:55:53,481 --> 00:55:58,601
like accelerate in my ideas around all this stuff

703
00:55:58,601 --> 00:56:03,061
is the fact that it's only going to accelerate.

704
00:56:03,361 --> 00:56:06,081
Like every technological process was an acceleration

705
00:56:06,081 --> 00:56:09,601
or like condensation of energy in like a smaller unit

706
00:56:09,601 --> 00:56:12,641
which accelerated like the development

707
00:56:12,641 --> 00:56:17,021
of the next technological advancement after that.

708
00:56:17,161 --> 00:56:18,301
And it's also, I think,

709
00:56:18,361 --> 00:56:20,081
that many technological advancements

710
00:56:20,081 --> 00:56:22,401
couldn't exist without the one before that.

711
00:56:23,261 --> 00:56:25,261
You can apply that in many ways, right?

712
00:56:25,301 --> 00:56:26,881
Like even a printing press,

713
00:56:26,881 --> 00:56:31,021
creating boots, books, spreading knowledge, you know, people becoming more creative, et

714
00:56:31,021 --> 00:56:41,530
cetera than you know going on to um to to invent invent other stuff like AI can exist without the internet Bitcoin couldn exist without the internet

715
00:56:42,030 --> 00:56:45,290
And that time between the next thing

716
00:56:45,290 --> 00:56:48,430
is just being compressed all the time.

717
00:56:48,530 --> 00:56:50,750
And so you have to adjust.

718
00:56:51,510 --> 00:56:57,110
And I think that will eventually become more and more clear.

719
00:56:57,110 --> 00:57:00,170
Perhaps that's also part of what you can call the awakening.

720
00:57:00,170 --> 00:57:07,170
You're going to be forced to really think about how I am living my life.

721
00:57:07,170 --> 00:57:10,170
What am I doing here? What is going on? What do I want to do here?

722
00:57:10,170 --> 00:57:14,170
What am I good at? What do I enjoy? How can I bring value?

723
00:57:14,170 --> 00:57:23,170
All these introspective questions that I think in a time up until now,

724
00:57:23,170 --> 00:57:31,570
now especially like 90s and and 2000s uh and and 2010 so let's say 30 years

725
00:57:33,330 --> 00:57:41,090
i think it was way everything was way more outward you know from consuming to um you know

726
00:57:41,090 --> 00:57:47,490
the whole social media stuff and um you know how people portray themselves there and i i think

727
00:57:47,490 --> 00:57:54,050
there's kind of like a shift so like in the 30 years before the 1990s right so 60s 70s 80s

728
00:57:54,050 --> 00:58:01,170
those were very introspective um and very spiritual years and experimental years and stuff like that

729
00:58:01,170 --> 00:58:07,490
so i know fourth turning is a bit longer but you know i i i actually think that there's like four

730
00:58:07,490 --> 00:58:16,290
of these it's like seasons or something you know in in like uh uh the the the the turning again so

731
00:58:17,330 --> 00:58:23,810
yeah kind of see it like that so we are in that shift i'd say of people becoming more aware of

732
00:58:23,810 --> 00:58:33,330
themselves their lives their surrounding what what they are actually um operating in how that's

733
00:58:33,330 --> 00:58:35,930
it's constructed by other people no better than them.

734
00:58:36,270 --> 00:58:37,790
You know, it's all artificial.

735
00:58:38,930 --> 00:58:44,870
And that knowledge is out there and uncontainable, right?

736
00:58:44,910 --> 00:58:46,010
Like that's uncensorable.

737
00:58:46,890 --> 00:58:48,050
And that is just really out there.

738
00:58:48,070 --> 00:58:50,510
And how people communicate with each other,

739
00:58:50,630 --> 00:58:54,130
I think is the main way of other people figuring that out

740
00:58:54,130 --> 00:58:57,350
and then realizing, yeah, there's like 65-year-old boomers

741
00:58:57,350 --> 00:58:58,570
that are ruling over us.

742
00:58:58,990 --> 00:59:01,190
They don't even know how to turn the computer on.

743
00:59:01,270 --> 00:59:02,030
So what the fuck?

744
00:59:02,030 --> 00:59:05,070
I need to do something about it

745
00:59:05,070 --> 00:59:07,030
and I can actually do something about it.

746
00:59:07,030 --> 00:59:09,570
Although I think that still many people,

747
00:59:09,770 --> 00:59:10,930
because they don't understand

748
00:59:10,930 --> 00:59:12,190
that the money is the problem.

749
00:59:12,370 --> 00:59:15,370
Again, I didn't understand that before.

750
00:59:16,270 --> 00:59:21,430
But if money is the reward

751
00:59:21,430 --> 00:59:24,170
for any work that anyone does,

752
00:59:24,630 --> 00:59:26,010
you can also argue that

753
00:59:26,010 --> 00:59:27,490
the quality of the money

754
00:59:27,490 --> 00:59:28,750
creates the incentive

755
00:59:28,750 --> 00:59:32,230
that motivates to do the work.

756
00:59:32,330 --> 00:59:36,210
And that incentive can be bad or can be good, right?

757
00:59:36,290 --> 00:59:40,350
So everything that you think is a problem in the world

758
00:59:40,350 --> 00:59:42,690
is a problem because the money is broken.

759
00:59:42,910 --> 00:59:44,690
And that is really, I think, the core thing

760
00:59:44,690 --> 00:59:46,270
that people need to understand.

761
00:59:46,430 --> 00:59:48,570
As long as you don't understand that,

762
00:59:49,110 --> 00:59:51,710
you will keep pointing fingers to, you know,

763
00:59:52,190 --> 00:59:54,130
whoever is the villain of this year

764
00:59:54,130 --> 00:59:56,150
and you're going to protest and, you know,

765
00:59:56,150 --> 01:00:03,010
set up tens or you know occupy wall street and shit like that or against the one percent or

766
01:00:03,010 --> 01:00:09,170
all all that stuff extinction rebellion all that all that stuff um as long as you're

767
01:00:09,170 --> 01:00:14,510
pointing fingers you don't you don't understand the problem because the problem is the money

768
01:00:14,510 --> 01:00:20,370
and the easiest thing that you can do is just move to another money you just sell the bad money

769
01:00:20,370 --> 01:00:22,630
with the bad incentives,

770
01:00:22,910 --> 01:00:24,550
the soft money with the bad incentives

771
01:00:24,550 --> 01:00:27,870
for the hard money with the positive incentives.

772
01:00:28,010 --> 01:00:29,990
And that's literally the only thing you have to do.

773
01:00:30,330 --> 01:00:34,270
And then you just chill and wait, basically.

774
01:00:34,270 --> 01:00:38,670
And so, yeah, I really wanted to share that

775
01:00:38,670 --> 01:00:41,970
because I think that many people in our generation

776
01:00:41,970 --> 01:00:45,850
and also in Gen Z are very finger pointy.

777
01:00:46,470 --> 01:00:48,730
But there's actually a thing that you could use

778
01:00:48,730 --> 01:00:54,130
to really crumble the ruling boomer class

779
01:00:54,130 --> 01:00:57,690
that has their power over you.

780
01:00:57,970 --> 01:00:59,590
And they have no clue.

781
01:00:59,770 --> 01:01:01,870
They don't even know Bitcoin exists.

782
01:01:02,450 --> 01:01:03,610
You can just do that.

783
01:01:04,390 --> 01:01:06,670
And they will fuck it up anyway.

784
01:01:06,890 --> 01:01:08,490
I think what I saw today,

785
01:01:08,670 --> 01:01:13,730
30-year treasuries in the US are well above 5%.

786
01:01:14,350 --> 01:01:16,750
This is a flaw.

787
01:01:16,750 --> 01:01:24,990
The fiat money system is a flawed system, fundamentally flawed system that can only exist if we allow it to perpetuate.

788
01:01:24,990 --> 01:01:30,670
And if we just abandon it and just move to another money, it's just going to implode.

789
01:01:31,290 --> 01:01:32,670
And then we win.

790
01:01:34,850 --> 01:01:35,630
Beautifully said.

791
01:01:35,970 --> 01:01:41,690
I think that it's so interesting looking at each generation, how they view it so differently.

792
01:01:41,810 --> 01:01:43,730
Because, of course, there are boomers out there we love.

793
01:01:43,810 --> 01:01:45,090
I had Loris Lepard on recently.

794
01:01:45,190 --> 01:01:45,990
You had him on, too.

795
01:01:45,990 --> 01:01:59,879
I think I actually listened to your podcast with him when I was getting ready for mine And we love Larry We love all these Bitcoin dads out there that shower that shower us with knowledge Shout out to Bob Burnett I don even know him Who that

796
01:02:00,239 --> 01:02:02,019
Is that another good one I need to check out?

797
01:02:03,899 --> 01:02:07,619
That's Boomer BTC on Twitter.

798
01:02:09,319 --> 01:02:11,799
Awesome. Yeah. They're, they're hiding out there.

799
01:02:11,859 --> 01:02:14,999
They're, they're coming through the woodwork and it's, it's rare,

800
01:02:15,159 --> 01:02:19,859
but they are extremely passionate and they know that their generation,

801
01:02:19,939 --> 01:02:26,799
played a big part in the problem, whether it be the minority of them who were part of actually

802
01:02:26,799 --> 01:02:32,179
perpetuating it or the majority, which just didn't understand what was happening. And they sort of

803
01:02:32,179 --> 01:02:36,939
went along with the propaganda that was fed to them and just they trust the institutions too much

804
01:02:36,939 --> 01:02:43,199
because life was pretty good for them. And like you said, early in our lives, millennials are

805
01:02:43,199 --> 01:02:47,599
figuring out that things are not working for us and sort of forcing us to look for alternatives.

806
01:02:47,599 --> 01:02:49,799
But boomers didn't really have that because life was awesome for them.

807
01:02:50,199 --> 01:02:53,759
They had really cheap.

808
01:02:53,959 --> 01:02:54,859
I mean, what's the example?

809
01:02:54,939 --> 01:02:55,479
Cheap houses.

810
01:02:55,819 --> 01:03:01,019
You know, I mean, there's so many things were much easier, more accessible to them than it is now.

811
01:03:01,099 --> 01:03:03,379
So you can't blame them for just existing in that system.

812
01:03:03,579 --> 01:03:06,679
They weren't pushed into needing to learn something different.

813
01:03:06,819 --> 01:03:11,499
So I think that's what it really comes down to is every generation is full of great people.

814
01:03:11,779 --> 01:03:15,219
They're all operating with a certain incentive structure that all humans are.

815
01:03:15,559 --> 01:03:17,119
And we should all just be friends.

816
01:03:17,599 --> 01:03:18,819
and buy Bitcoin together.

817
01:03:20,879 --> 01:03:21,839
I agree.

818
01:03:22,059 --> 01:03:25,479
And we cannot blame them

819
01:03:25,479 --> 01:03:30,639
that when they became an adult, right,

820
01:03:30,699 --> 01:03:33,959
and started working and earning money,

821
01:03:34,659 --> 01:03:38,359
those were the beginning years of the fiat money, right?

822
01:03:38,399 --> 01:03:42,939
So they got to front run everyone that came after them,

823
01:03:43,459 --> 01:03:45,579
which they logically did, right?

824
01:03:45,579 --> 01:03:47,419
So there's no blame,

825
01:03:47,419 --> 01:03:51,799
But I think, and maybe that's kind of then the tension to millennials and boomers.

826
01:03:51,899 --> 01:03:59,059
And there's a few that actually realize and are humble enough, like Larry and Bob, George Bodine, for example.

827
01:04:01,579 --> 01:04:05,079
They're like, yeah, I totally profited from this.

828
01:04:05,359 --> 01:04:07,779
But I also agree that it's fucked up.

829
01:04:07,979 --> 01:04:09,399
We need to do something about it.

830
01:04:10,059 --> 01:04:15,899
And I think that's the tension that the boomers see the millennials complaining.

831
01:04:15,899 --> 01:04:18,019
and they're like, yeah, what are you complaining about?

832
01:04:18,119 --> 01:04:18,699
You get like

833
01:04:18,699 --> 01:04:21,799
a supercomputer in your pocket.

834
01:04:22,019 --> 01:04:24,159
What are you talking about?

835
01:04:24,419 --> 01:04:25,979
And then we're probably

836
01:04:25,979 --> 01:04:27,559
like, yeah, but I don't have a home.

837
01:04:28,079 --> 01:04:29,919
And no pension. And then

838
01:04:29,919 --> 01:04:32,039
they will be like, yeah, but this was post

839
01:04:32,039 --> 01:04:33,859
World War, blah, blah, blah, whatever.

840
01:04:34,379 --> 01:04:35,539
So it's just

841
01:04:35,539 --> 01:04:37,979
I think that is kind of core

842
01:04:37,979 --> 01:04:39,819
of the discussion. But I think the boomers

843
01:04:39,819 --> 01:04:42,079
should realize that they profited heavily

844
01:04:42,079 --> 01:04:44,119
before anyone else profited.

845
01:04:44,279 --> 01:04:45,819
And that's okay. But

846
01:04:45,899 --> 01:04:48,699
but we have the results right now,

847
01:04:48,759 --> 01:04:49,939
and that's not a pretty picture.

848
01:04:52,699 --> 01:04:54,659
Yeah, we all have different situations.

849
01:04:54,819 --> 01:04:55,739
We're giving different hands,

850
01:04:55,779 --> 01:04:57,339
and we just got to do the best of what we got,

851
01:04:57,519 --> 01:05:00,339
and I think that there's a different path

852
01:05:00,339 --> 01:05:01,959
for every one of these groups

853
01:05:01,959 --> 01:05:05,599
to find out that buying Bitcoin is a good idea.

854
01:05:05,779 --> 01:05:07,919
It will help make things better for the future,

855
01:05:07,919 --> 01:05:09,859
and I hope we can all agree

856
01:05:09,859 --> 01:05:11,199
that the most important thing

857
01:05:11,199 --> 01:05:14,459
is to create a better future for future generations,

858
01:05:14,459 --> 01:05:19,359
And this is something that even the most brainwashed boomers I know would agree on.

859
01:05:19,419 --> 01:05:24,719
They just have a different idea for how to do that, which we would believe is wrong most of the time.

860
01:05:24,879 --> 01:05:26,959
But we all want to make a better future.

861
01:05:27,079 --> 01:05:39,619
So I think that that's why Bitcoin education and just beating people over the head with the Bitcoin standard maybe or introducing podcasts like mine and yours that help bring people maybe a little more softly through the steps.

862
01:05:39,619 --> 01:05:45,359
So speaking of that, you used a really good term I liked earlier, which is uncontainable knowledge.

863
01:05:45,939 --> 01:05:48,919
So podcasts are a great way to do this.

864
01:05:49,059 --> 01:05:52,339
And your podcast is a fantastic resource for people.

865
01:05:52,439 --> 01:05:58,959
So where can people go to find your podcast and continue learning more of your work for Bitcoin for Millennials?

866
01:06:01,699 --> 01:06:05,039
Yeah, so the easiest way to find it is on YouTube.

867
01:06:05,039 --> 01:06:07,259
you can search for Bitcoin for Millennials

868
01:06:07,259 --> 01:06:09,919
or my channel is called Bitcoin Bram.

869
01:06:10,279 --> 01:06:15,399
And so I publish on YouTube, Spotify, Apple, Fountain.

870
01:06:15,659 --> 01:06:18,559
So you can find it anywhere you listen to a podcast.

871
01:06:19,159 --> 01:06:22,739
And then, yeah, I'm mainly mostly active on X

872
01:06:22,739 --> 01:06:24,799
and my handle there is Bram K.

873
01:06:24,919 --> 01:06:26,279
So B-R-A-M-K.

874
01:06:27,039 --> 01:06:29,579
And yeah, that's the best way to keep up

875
01:06:29,579 --> 01:06:31,859
with what I'm currently thinking about Bitcoin.

876
01:06:31,859 --> 01:06:40,899
and yeah check out the podcast I hope people can find some value in it yeah beautiful man I know I

877
01:06:40,899 --> 01:06:45,199
will be I'll continue going through your episodes listen to those and finding more new guests because

878
01:06:45,199 --> 01:06:48,999
you have so many great people on there which is what this is all about just getting all the

879
01:06:48,999 --> 01:06:53,399
best voices together to share their knowledge so appreciate all the work you're doing man

880
01:06:53,399 --> 01:06:58,799
appreciate you joining me today I think we can finally limp to the finish line with my internet

881
01:06:58,799 --> 01:07:01,599
cutting out every 20 seconds somehow that we made this work.

882
01:07:01,759 --> 01:07:03,639
So we'll call it there, man.

883
01:07:03,959 --> 01:07:05,419
It's been a pleasure talking to you, sir.

884
01:07:05,479 --> 01:07:06,599
Thank you so much for joining me.

885
01:07:08,239 --> 01:07:08,839
Awesome, man.

886
01:07:08,879 --> 01:07:09,159
Likewise.

887
01:07:09,319 --> 01:07:09,639
Thank you.