1 00:00:00,000 --> 00:00:00,291 I don't 2 00:00:00,291 --> 00:00:01,166 think that buying 3 00:00:01,166 --> 00:00:01,875 and selling Bitcoin 4 00:00:01,875 --> 00:00:02,666 will be an industry 5 00:00:02,666 --> 00:00:04,166 in 10 to 15 years. 6 00:00:04,166 --> 00:00:04,583 I'm a lot 7 00:00:04,583 --> 00:00:05,208 more interested 8 00:00:05,208 --> 00:00:06,375 in helping people 9 00:00:06,375 --> 00:00:07,500 use bitcoin 10 00:00:07,500 --> 00:00:08,500 in Self-custody. 11 00:00:08,500 --> 00:00:09,750 I founded 12 00:00:09,750 --> 00:00:10,208 and I'm still the 13 00:00:10,208 --> 00:00:11,333 CEO of Bitcoin 14 00:00:11,333 --> 00:00:12,708 well a non-custodial 15 00:00:12,708 --> 00:00:13,583 Bitcoin platform. 16 00:00:13,583 --> 00:00:14,208 Our mission 17 00:00:14,208 --> 00:00:15,000 statement is 18 00:00:15,000 --> 00:00:15,666 just simply 19 00:00:15,666 --> 00:00:16,791 enable independence. 20 00:00:16,791 --> 00:00:17,708 We are a freedom 21 00:00:17,708 --> 00:00:19,000 focused company. 22 00:00:19,000 --> 00:00:19,750 You cannot leave 23 00:00:19,750 --> 00:00:21,083 funds on our platform. 24 00:00:21,083 --> 00:00:22,333 I do believe that 25 00:00:22,333 --> 00:00:23,291 my kids will grow up 26 00:00:23,291 --> 00:00:23,875 in a world 27 00:00:23,875 --> 00:00:24,291 where they can 28 00:00:24,291 --> 00:00:25,041 just have a Bitcoin 29 00:00:25,041 --> 00:00:25,708 well account. 30 00:00:25,708 --> 00:00:26,541 They will not need 31 00:00:26,541 --> 00:00:27,250 a bank account. 32 00:00:27,250 --> 00:00:28,166 They'll be able to 33 00:00:28,166 --> 00:00:29,375 send wire transfers 34 00:00:29,375 --> 00:00:30,291 and buy a house 35 00:00:30,291 --> 00:00:31,166 and do all the things 36 00:00:31,166 --> 00:00:31,583 that they need 37 00:00:31,583 --> 00:00:32,458 to do with 38 00:00:32,458 --> 00:00:33,291 the fiat world. 39 00:00:33,291 --> 00:00:33,750 Banks are 40 00:00:33,750 --> 00:00:34,666 losing customers 41 00:00:34,666 --> 00:00:35,333 because they will not 42 00:00:35,333 --> 00:00:36,416 let their customers do 43 00:00:36,416 --> 00:00:36,875 what they want 44 00:00:36,875 --> 00:00:37,500 with their money. 45 00:00:37,500 --> 00:00:38,708 Bitcoin comes along 46 00:00:38,708 --> 00:00:39,416 and completely 47 00:00:39,416 --> 00:00:40,791 disrupts their entire 48 00:00:40,791 --> 00:00:41,541 being in their 49 00:00:41,541 --> 00:00:42,500 entire business. 50 00:00:42,500 --> 00:00:43,250 We no longer 51 00:00:43,250 --> 00:00:44,458 need to gamble 52 00:00:44,458 --> 00:00:46,000 our savings, 53 00:00:46,000 --> 00:00:46,833 our value, 54 00:00:46,833 --> 00:00:47,875 our futures 55 00:00:47,875 --> 00:00:48,625 in order to just 56 00:00:48,625 --> 00:00:50,000 simply survive 57 00:00:50,000 --> 00:00:50,125 because 58 00:00:50,125 --> 00:00:51,125 we've got money 59 00:00:51,125 --> 00:00:52,166 that actually does 60 00:00:52,166 --> 00:00:53,083 the work in 61 00:00:53,083 --> 00:00:54,333 preserving the value. 62 00:00:54,333 --> 00:00:55,250 Bitcoin fixes 63 00:00:55,250 --> 00:00:56,041 a lot of things. 64 00:00:57,416 --> 00:00:58,541 Absolutely. 65 00:00:58,541 --> 00:00:59,500 Almost everything. 66 00:00:59,500 --> 00:01:00,416 Almost everything. 67 00:01:00,416 --> 00:01:03,416 Then. 68 00:01:04,083 --> 00:01:04,958 Adam welcome 69 00:01:04,958 --> 00:01:05,875 to the Bitcoin 70 00:01:05,875 --> 00:01:06,666 Infinity Show. 71 00:01:06,666 --> 00:01:06,958 Thank you 72 00:01:06,958 --> 00:01:08,333 for joining us. 73 00:01:08,333 --> 00:01:08,833 Well thanks so 74 00:01:08,833 --> 00:01:09,541 much for having me 75 00:01:09,541 --> 00:01:11,416 I appreciate it. 76 00:01:11,416 --> 00:01:12,958 Yeah. Welcome, Adam. 77 00:01:12,958 --> 00:01:13,708 We since 78 00:01:13,708 --> 00:01:14,375 we haven't had 79 00:01:14,375 --> 00:01:14,791 you on 80 00:01:14,791 --> 00:01:16,291 the show before, 81 00:01:16,291 --> 00:01:17,708 could you start off 82 00:01:17,708 --> 00:01:18,208 by giving 83 00:01:18,208 --> 00:01:18,833 our listeners 84 00:01:18,833 --> 00:01:20,375 a little tldr 85 00:01:20,375 --> 00:01:21,666 on Adam O'Brian 86 00:01:21,666 --> 00:01:22,375 and what you do? 87 00:01:22,375 --> 00:01:23,666 What is the bitcoin? 88 00:01:23,666 --> 00:01:25,583 Well, and how did you. 89 00:01:25,583 --> 00:01:26,583 So yeah, I'm. 90 00:01:26,583 --> 00:01:27,541 I'm Adam O'Brien. 91 00:01:27,541 --> 00:01:29,291 I, I founded 92 00:01:29,291 --> 00:01:29,666 and I'm still 93 00:01:29,666 --> 00:01:30,541 the CEO of, 94 00:01:30,541 --> 00:01:31,166 of bitcoin. 95 00:01:31,166 --> 00:01:31,791 Well, 96 00:01:31,791 --> 00:01:32,625 I've been doing that 97 00:01:32,625 --> 00:01:34,791 since 2013. 98 00:01:34,791 --> 00:01:36,208 So quite a 99 00:01:36,208 --> 00:01:37,750 quite a while here. 100 00:01:37,750 --> 00:01:39,375 I live in Alberta. 101 00:01:39,375 --> 00:01:40,083 You know, personally, 102 00:01:40,083 --> 00:01:41,791 I've got a wife and, 103 00:01:41,791 --> 00:01:43,833 four kids, so we're, 104 00:01:43,833 --> 00:01:44,375 you know, we're 105 00:01:44,375 --> 00:01:45,000 we're right 106 00:01:45,000 --> 00:01:46,083 in the thick of it. 107 00:01:46,083 --> 00:01:46,458 But it's been 108 00:01:46,458 --> 00:01:46,958 pretty fun. 109 00:01:46,958 --> 00:01:47,333 We've been 110 00:01:47,333 --> 00:01:48,166 able to travel 111 00:01:48,166 --> 00:01:48,666 like we were 112 00:01:48,666 --> 00:01:49,333 just got back from 113 00:01:49,333 --> 00:01:49,875 El Salvador, 114 00:01:49,875 --> 00:01:50,125 went to 115 00:01:50,125 --> 00:01:51,500 adopting bitcoin. 116 00:01:51,500 --> 00:01:52,000 We brought 117 00:01:52,000 --> 00:01:52,583 three of the 118 00:01:52,583 --> 00:01:53,208 four kids. 119 00:01:53,208 --> 00:01:53,916 The small one 120 00:01:53,916 --> 00:01:55,500 is just he 121 00:01:55,500 --> 00:01:57,000 he he's just too much 122 00:01:57,000 --> 00:01:57,416 right now 123 00:01:57,416 --> 00:01:58,083 on the airplane. 124 00:01:58,083 --> 00:01:58,833 So we left him 125 00:01:58,833 --> 00:02:00,208 behind with grandma. 126 00:02:00,208 --> 00:02:01,166 Brought the kids to do 127 00:02:01,166 --> 00:02:02,291 the Bitcoin thing. 128 00:02:02,291 --> 00:02:03,125 We're a family of 129 00:02:03,125 --> 00:02:04,041 bitcoiners, man. 130 00:02:04,041 --> 00:02:05,416 We we 131 00:02:05,416 --> 00:02:06,000 really, really 132 00:02:06,000 --> 00:02:06,750 understand. 133 00:02:06,750 --> 00:02:07,083 Or at least 134 00:02:07,083 --> 00:02:08,000 I think we do. 135 00:02:08,000 --> 00:02:09,083 I'm sure in five years 136 00:02:09,083 --> 00:02:09,666 I'll look back 137 00:02:09,666 --> 00:02:10,291 and think, wow, 138 00:02:10,291 --> 00:02:11,625 I didn't know a thing, 139 00:02:11,625 --> 00:02:12,666 just like I always do. 140 00:02:12,666 --> 00:02:13,541 But, 141 00:02:13,541 --> 00:02:14,416 we understand 142 00:02:14,416 --> 00:02:15,083 the importance 143 00:02:15,083 --> 00:02:16,208 of generational, 144 00:02:16,208 --> 00:02:16,958 you know, wealth 145 00:02:16,958 --> 00:02:17,750 and freedom and, 146 00:02:17,750 --> 00:02:18,541 and and why 147 00:02:18,541 --> 00:02:19,250 that's so important. 148 00:02:19,250 --> 00:02:20,125 We're raising our kids 149 00:02:20,125 --> 00:02:21,250 in a, in a home 150 00:02:21,250 --> 00:02:21,708 that values 151 00:02:21,708 --> 00:02:22,416 that kind of stuff. 152 00:02:22,416 --> 00:02:23,458 And it's, 153 00:02:23,458 --> 00:02:24,000 Yeah, it's 154 00:02:24,000 --> 00:02:24,750 an exciting ride. 155 00:02:24,750 --> 00:02:25,875 So that's kind of 156 00:02:25,875 --> 00:02:27,375 there's the 100,000ft 157 00:02:27,375 --> 00:02:29,458 view of, of atom. 158 00:02:29,458 --> 00:02:29,916 Bitcoin 159 00:02:29,916 --> 00:02:31,083 well, is 160 00:02:31,083 --> 00:02:32,125 a non-custodial 161 00:02:32,125 --> 00:02:33,875 bitcoin platform. 162 00:02:33,875 --> 00:02:34,208 We're actually 163 00:02:34,208 --> 00:02:35,041 on a mission. 164 00:02:35,041 --> 00:02:35,875 So our mission 165 00:02:35,875 --> 00:02:36,875 statement is just, 166 00:02:36,875 --> 00:02:37,958 just simply enable 167 00:02:37,958 --> 00:02:38,666 independence. 168 00:02:38,666 --> 00:02:39,583 We are a freedom 169 00:02:39,583 --> 00:02:41,208 focused company. 170 00:02:41,208 --> 00:02:41,958 You cannot leave 171 00:02:41,958 --> 00:02:43,708 funds on our platform. 172 00:02:43,708 --> 00:02:44,083 This is, 173 00:02:44,083 --> 00:02:44,375 I think, 174 00:02:44,375 --> 00:02:45,083 the number one 175 00:02:45,083 --> 00:02:46,041 most important thing 176 00:02:46,041 --> 00:02:47,041 for bitcoin platforms 177 00:02:47,041 --> 00:02:47,791 is for 178 00:02:47,791 --> 00:02:48,833 for broker 179 00:02:48,833 --> 00:02:50,166 and custodian 180 00:02:50,166 --> 00:02:51,958 to be split, 181 00:02:51,958 --> 00:02:52,750 at minimum 182 00:02:52,750 --> 00:02:54,083 and at best, obviously 183 00:02:54,083 --> 00:02:55,625 for the end user, 184 00:02:55,625 --> 00:02:56,541 the, the, 185 00:02:56,541 --> 00:02:57,541 the beneficial owner 186 00:02:57,541 --> 00:02:58,250 of the Bitcoin 187 00:02:58,250 --> 00:02:59,041 needs to have, 188 00:02:59,041 --> 00:02:59,333 you know, 189 00:02:59,333 --> 00:03:00,791 full custody. 190 00:03:00,791 --> 00:03:02,083 And so yeah, 191 00:03:02,083 --> 00:03:03,291 it's definitely been 192 00:03:03,291 --> 00:03:03,666 you know, 193 00:03:03,666 --> 00:03:04,666 there's, there's ups 194 00:03:04,666 --> 00:03:05,125 and downs 195 00:03:05,125 --> 00:03:05,916 to this business, 196 00:03:05,916 --> 00:03:06,791 to this industry. 197 00:03:06,791 --> 00:03:08,041 But certainly running 198 00:03:08,041 --> 00:03:08,916 a non-custodial 199 00:03:08,916 --> 00:03:10,708 version of 200 00:03:10,708 --> 00:03:11,500 of this business 201 00:03:11,500 --> 00:03:12,875 is, is tricky. But 202 00:03:13,833 --> 00:03:14,583 we're loving it. 203 00:03:14,583 --> 00:03:15,291 We're doing it. 204 00:03:15,291 --> 00:03:16,958 It's forcing us to 205 00:03:16,958 --> 00:03:18,041 think differently 206 00:03:18,041 --> 00:03:19,375 and be smarter. 207 00:03:19,375 --> 00:03:20,291 And I think that 208 00:03:20,291 --> 00:03:21,041 the consumer 209 00:03:21,041 --> 00:03:23,375 benefits as a result. 210 00:03:23,375 --> 00:03:24,000 So you 211 00:03:24,000 --> 00:03:24,458 you called it 212 00:03:24,458 --> 00:03:26,625 a platform. 213 00:03:26,625 --> 00:03:27,208 What is that? 214 00:03:27,208 --> 00:03:28,083 It's not like an 215 00:03:28,083 --> 00:03:30,041 exchange or what? 216 00:03:30,041 --> 00:03:31,000 What is the thing? 217 00:03:31,000 --> 00:03:32,833 I, I have eradicated 218 00:03:32,833 --> 00:03:33,958 the word exchange 219 00:03:33,958 --> 00:03:35,208 from my vocabulary 220 00:03:35,208 --> 00:03:35,666 when talking 221 00:03:35,666 --> 00:03:36,291 about Bitcoin. 222 00:03:36,291 --> 00:03:36,916 Well, 223 00:03:36,916 --> 00:03:37,916 because we are 224 00:03:37,916 --> 00:03:39,416 not a place where, 225 00:03:39,416 --> 00:03:40,583 like an exchange, 226 00:03:40,583 --> 00:03:42,125 it implies 227 00:03:42,125 --> 00:03:42,958 that the place 228 00:03:42,958 --> 00:03:44,041 you log in 229 00:03:44,041 --> 00:03:44,625 does not own 230 00:03:44,625 --> 00:03:45,333 the Bitcoin. 231 00:03:45,333 --> 00:03:46,000 It's simply 232 00:03:46,000 --> 00:03:46,958 a middleman 233 00:03:46,958 --> 00:03:48,583 in between two 234 00:03:48,583 --> 00:03:49,416 trading parties 235 00:03:49,416 --> 00:03:50,500 to exchanging parties, 236 00:03:50,500 --> 00:03:52,041 if you will. 237 00:03:52,041 --> 00:03:52,500 Bitcoin 238 00:03:52,500 --> 00:03:53,625 well is direct 239 00:03:53,625 --> 00:03:54,958 to consumer 240 00:03:54,958 --> 00:03:55,708 when you buy 241 00:03:55,708 --> 00:03:56,708 bitcoin at Bitcoin 242 00:03:56,708 --> 00:03:57,291 well that comes 243 00:03:57,291 --> 00:03:58,833 out of our inventory. 244 00:03:58,833 --> 00:03:59,166 You're not 245 00:03:59,166 --> 00:04:00,416 trading with the guy 246 00:04:00,416 --> 00:04:02,250 on the other side. 247 00:04:02,250 --> 00:04:04,750 There's no bid and ask 248 00:04:04,750 --> 00:04:05,166 there's just 249 00:04:05,166 --> 00:04:06,708 simply a buy price 250 00:04:06,708 --> 00:04:08,041 and a sell price 251 00:04:08,041 --> 00:04:09,416 and and bitcoin. 252 00:04:09,416 --> 00:04:09,875 Well is the 253 00:04:09,875 --> 00:04:10,833 counterparty 254 00:04:10,833 --> 00:04:11,375 in all of 255 00:04:11,375 --> 00:04:12,208 those scenarios. 256 00:04:12,208 --> 00:04:13,291 This is part of what 257 00:04:13,291 --> 00:04:14,166 needs to happen 258 00:04:14,166 --> 00:04:15,000 in, in, 259 00:04:15,000 --> 00:04:15,208 in a 260 00:04:15,208 --> 00:04:16,625 non-custodial business 261 00:04:16,625 --> 00:04:17,708 because 262 00:04:17,708 --> 00:04:18,750 you can't leave 263 00:04:18,750 --> 00:04:19,166 funds on 264 00:04:19,166 --> 00:04:19,625 the platform 265 00:04:19,625 --> 00:04:20,541 will be very difficult 266 00:04:20,541 --> 00:04:21,416 to be an exchange 267 00:04:21,416 --> 00:04:22,291 with no one leaving 268 00:04:22,291 --> 00:04:23,833 any funds on the, 269 00:04:23,833 --> 00:04:25,541 on the platform. 270 00:04:25,541 --> 00:04:26,375 So, so yeah. 271 00:04:26,375 --> 00:04:27,333 And then platform 272 00:04:27,333 --> 00:04:27,875 even further 273 00:04:27,875 --> 00:04:29,041 than that, 274 00:04:29,041 --> 00:04:29,541 I'm actually not 275 00:04:29,541 --> 00:04:30,583 very interested 276 00:04:30,583 --> 00:04:31,916 in solely buying 277 00:04:31,916 --> 00:04:33,041 and selling Bitcoin. 278 00:04:33,041 --> 00:04:33,958 I don't think that 279 00:04:33,958 --> 00:04:34,583 buying and selling 280 00:04:34,583 --> 00:04:35,166 Bitcoin will be 281 00:04:35,166 --> 00:04:36,250 an industry in 10 282 00:04:36,250 --> 00:04:37,958 to 15 years. 283 00:04:37,958 --> 00:04:38,500 I'm a lot more 284 00:04:38,500 --> 00:04:39,208 interested in, 285 00:04:39,208 --> 00:04:40,708 in, in helping people 286 00:04:40,708 --> 00:04:41,833 use Bitcoin 287 00:04:41,833 --> 00:04:43,041 in Self-custody. 288 00:04:43,041 --> 00:04:43,416 And so, 289 00:04:43,416 --> 00:04:43,625 you know, 290 00:04:43,625 --> 00:04:44,250 our mission statement, 291 00:04:44,250 --> 00:04:44,625 as I said, 292 00:04:44,625 --> 00:04:44,791 is to 293 00:04:44,791 --> 00:04:45,958 enable independence. 294 00:04:45,958 --> 00:04:46,958 And we do that 295 00:04:46,958 --> 00:04:47,916 by making Bitcoin 296 00:04:47,916 --> 00:04:48,875 and self-custody 297 00:04:48,875 --> 00:04:49,833 easy to use, 298 00:04:49,833 --> 00:04:50,375 kind of like 299 00:04:50,375 --> 00:04:51,083 the convenience 300 00:04:51,083 --> 00:04:52,208 of modern banking 301 00:04:52,208 --> 00:04:53,166 with the benefits 302 00:04:53,166 --> 00:04:53,750 of Bitcoin. 303 00:04:53,750 --> 00:04:55,125 So benefits of Bitcoin 304 00:04:55,125 --> 00:04:55,750 you can hold it 305 00:04:55,750 --> 00:04:56,333 and control it 306 00:04:56,333 --> 00:04:57,166 yourself. 307 00:04:57,166 --> 00:04:57,416 You know 308 00:04:57,416 --> 00:04:57,750 you've got 309 00:04:57,750 --> 00:04:58,500 full access. 310 00:04:58,500 --> 00:04:59,041 You can go anywhere 311 00:04:59,041 --> 00:04:59,583 in the world. 312 00:04:59,583 --> 00:05:00,416 It's all good. 313 00:05:00,416 --> 00:05:01,458 But benefits of 314 00:05:01,458 --> 00:05:02,291 of modern bank 315 00:05:02,291 --> 00:05:02,666 or sorry 316 00:05:02,666 --> 00:05:03,208 about convenience 317 00:05:03,208 --> 00:05:03,875 of modern banking. 318 00:05:03,875 --> 00:05:05,125 Like tap your phone 319 00:05:05,125 --> 00:05:06,291 to pay for things 320 00:05:06,291 --> 00:05:06,625 you know 321 00:05:06,625 --> 00:05:08,791 pay bills online. 322 00:05:08,791 --> 00:05:09,666 And so that 323 00:05:09,666 --> 00:05:10,166 we developed 324 00:05:10,166 --> 00:05:11,375 a platform 325 00:05:11,375 --> 00:05:11,791 or part of 326 00:05:11,791 --> 00:05:12,666 the platform is 327 00:05:12,666 --> 00:05:14,000 being able to, 328 00:05:14,000 --> 00:05:14,791 pay your bills 329 00:05:14,791 --> 00:05:15,333 in Bitcoin. 330 00:05:15,333 --> 00:05:16,166 So I, 331 00:05:16,166 --> 00:05:17,416 I have my Amex card, 332 00:05:17,416 --> 00:05:17,875 which I go 333 00:05:17,875 --> 00:05:18,958 around tapping, 334 00:05:18,958 --> 00:05:21,000 you know, to buy like, 335 00:05:21,000 --> 00:05:22,250 you know, went to the 336 00:05:22,250 --> 00:05:23,083 to the tire store 337 00:05:23,083 --> 00:05:24,041 to get a new hitch 338 00:05:24,041 --> 00:05:25,000 in, like whatever, 339 00:05:25,000 --> 00:05:26,666 buy a coffee. 340 00:05:26,666 --> 00:05:27,416 There's no chance 341 00:05:27,416 --> 00:05:27,958 these chains 342 00:05:27,958 --> 00:05:28,250 are going to be 343 00:05:28,250 --> 00:05:28,625 any bitcoin 344 00:05:28,625 --> 00:05:29,416 anytime soon. 345 00:05:29,416 --> 00:05:30,541 And so we 346 00:05:30,541 --> 00:05:31,500 tap the card, 347 00:05:31,500 --> 00:05:32,875 tap the Amex card. 348 00:05:32,875 --> 00:05:33,250 And then at the 349 00:05:33,250 --> 00:05:33,833 end of the month 350 00:05:33,833 --> 00:05:34,750 I just pay the bill 351 00:05:34,750 --> 00:05:36,000 with Bitcoin 352 00:05:36,000 --> 00:05:36,708 and off we go 353 00:05:36,708 --> 00:05:37,375 I get to hold 354 00:05:37,375 --> 00:05:37,875 my bitcoin 355 00:05:37,875 --> 00:05:38,916 in Self-custody. 356 00:05:38,916 --> 00:05:39,875 I'm not exposed to 357 00:05:39,875 --> 00:05:41,083 the horrific Canadian 358 00:05:41,083 --> 00:05:42,208 banking system. 359 00:05:42,208 --> 00:05:43,250 Not that they want me 360 00:05:44,458 --> 00:05:45,958 and and 361 00:05:45,958 --> 00:05:47,583 and yeah, that's 362 00:05:47,583 --> 00:05:47,958 that's it. 363 00:05:47,958 --> 00:05:49,875 So I a platform 364 00:05:49,875 --> 00:05:50,583 so much more 365 00:05:50,583 --> 00:05:51,083 than just buy 366 00:05:51,083 --> 00:05:51,416 and sell. 367 00:05:51,416 --> 00:05:53,041 In fact in the States 368 00:05:53,041 --> 00:05:53,875 I'm just rambling on 369 00:05:53,875 --> 00:05:54,208 so I feel free 370 00:05:54,208 --> 00:05:54,916 to cut me off 371 00:05:54,916 --> 00:05:55,291 any time, 372 00:05:55,291 --> 00:05:55,875 but I feel like 373 00:05:55,875 --> 00:05:56,166 I'm going to 374 00:05:56,166 --> 00:05:57,541 talk forever here. 375 00:05:57,541 --> 00:05:58,625 Buckle up, listener. 376 00:05:58,625 --> 00:06:00,125 We're in for it. 377 00:06:00,125 --> 00:06:01,500 We're developing, 378 00:06:01,500 --> 00:06:02,583 right now, a direct 379 00:06:02,583 --> 00:06:03,750 deposit function 380 00:06:03,750 --> 00:06:04,833 so you can send 381 00:06:04,833 --> 00:06:05,125 you'll be able 382 00:06:05,125 --> 00:06:06,041 to send your paycheck 383 00:06:06,041 --> 00:06:07,541 or your stimulus check 384 00:06:07,541 --> 00:06:08,375 or whatever 385 00:06:08,375 --> 00:06:09,333 directly to Bitcoin. 386 00:06:09,333 --> 00:06:09,958 Well, 387 00:06:09,958 --> 00:06:10,416 and then you 388 00:06:10,416 --> 00:06:11,666 can automate a portion 389 00:06:11,666 --> 00:06:12,000 of that 390 00:06:12,000 --> 00:06:13,333 going to Self-custody 391 00:06:13,333 --> 00:06:13,625 and then 392 00:06:13,625 --> 00:06:14,375 a portion of that 393 00:06:14,375 --> 00:06:15,041 and then the rest 394 00:06:15,041 --> 00:06:15,541 going back 395 00:06:15,541 --> 00:06:16,583 to your bank. 396 00:06:16,583 --> 00:06:17,041 But of course 397 00:06:17,041 --> 00:06:18,375 the next step is 398 00:06:18,375 --> 00:06:18,958 you can automate 399 00:06:18,958 --> 00:06:19,458 a portion of that 400 00:06:19,458 --> 00:06:20,458 to Self-custody. 401 00:06:20,458 --> 00:06:21,250 And then you can 402 00:06:21,250 --> 00:06:22,458 have your mortgage 403 00:06:22,458 --> 00:06:22,916 or your car 404 00:06:22,916 --> 00:06:23,791 payment or whatever 405 00:06:23,791 --> 00:06:24,416 withdrawn 406 00:06:24,416 --> 00:06:25,375 automatically from 407 00:06:25,375 --> 00:06:25,875 that Bitcoin 408 00:06:25,875 --> 00:06:26,708 real account. 409 00:06:26,708 --> 00:06:27,541 And then of course, 410 00:06:27,541 --> 00:06:28,375 the third step is 411 00:06:28,375 --> 00:06:29,125 just have all of it 412 00:06:29,125 --> 00:06:30,375 go to Self-custody 413 00:06:30,375 --> 00:06:31,541 and then, 414 00:06:31,541 --> 00:06:31,875 you know, 415 00:06:31,875 --> 00:06:32,666 pay your bills 416 00:06:32,666 --> 00:06:33,666 with Bitcoin 417 00:06:33,666 --> 00:06:34,625 from Self-custody. 418 00:06:34,625 --> 00:06:35,291 And so 419 00:06:35,291 --> 00:06:35,875 that's really where 420 00:06:35,875 --> 00:06:37,125 we're trying to push, 421 00:06:37,125 --> 00:06:38,000 you know the 422 00:06:38,000 --> 00:06:38,458 the code 423 00:06:38,458 --> 00:06:39,000 that keeps coming to 424 00:06:39,000 --> 00:06:40,291 mind is 425 00:06:40,291 --> 00:06:41,208 be the change 426 00:06:41,208 --> 00:06:41,708 that you want 427 00:06:41,708 --> 00:06:42,708 the world 428 00:06:42,708 --> 00:06:43,166 to see 429 00:06:43,166 --> 00:06:43,708 or to be or 430 00:06:43,708 --> 00:06:44,250 whatever the, 431 00:06:44,250 --> 00:06:45,125 whatever the quotas 432 00:06:45,125 --> 00:06:46,083 be the change. 433 00:06:46,083 --> 00:06:47,208 And, 434 00:06:47,208 --> 00:06:48,958 I do not want my kids 435 00:06:48,958 --> 00:06:49,500 to have 436 00:06:49,500 --> 00:06:50,541 the same exposure 437 00:06:50,541 --> 00:06:51,416 to the legacy 438 00:06:51,416 --> 00:06:52,458 financial system 439 00:06:52,458 --> 00:06:52,791 that our 440 00:06:52,791 --> 00:06:53,958 generation does. 441 00:06:53,958 --> 00:06:54,750 And so 442 00:06:54,750 --> 00:06:55,583 we need a platform 443 00:06:55,583 --> 00:06:56,833 that enables people 444 00:06:56,833 --> 00:06:57,958 to live on Bitcoin. 445 00:06:59,208 --> 00:06:59,500 Yeah. 446 00:06:59,500 --> 00:07:00,750 That's, how our 447 00:07:00,750 --> 00:07:02,500 new book starts. 448 00:07:02,500 --> 00:07:03,750 The, Bitcoin, 449 00:07:03,750 --> 00:07:04,625 the inverse of clown 450 00:07:04,625 --> 00:07:05,250 world, starts 451 00:07:05,250 --> 00:07:06,416 with a very, 452 00:07:06,416 --> 00:07:07,666 very tacky, 453 00:07:07,666 --> 00:07:09,375 Michael Jackson quote. 454 00:07:09,375 --> 00:07:10,166 If you want to make 455 00:07:10,166 --> 00:07:10,500 the world 456 00:07:10,500 --> 00:07:11,375 a better place, 457 00:07:11,375 --> 00:07:11,958 take a look 458 00:07:11,958 --> 00:07:12,583 at yourself 459 00:07:12,583 --> 00:07:13,083 and then make 460 00:07:13,083 --> 00:07:14,041 a change. 461 00:07:14,041 --> 00:07:15,291 Wow, I love. 462 00:07:15,291 --> 00:07:16,166 In the mirror. 463 00:07:16,166 --> 00:07:16,666 Yes. 464 00:07:16,666 --> 00:07:18,000 And the profound 465 00:07:18,000 --> 00:07:19,833 truth there, 466 00:07:19,833 --> 00:07:21,041 even though it sounds. 467 00:07:21,041 --> 00:07:22,625 Yeah. 468 00:07:22,625 --> 00:07:23,208 It's, you know what? 469 00:07:23,208 --> 00:07:24,583 It's cliche and it's 470 00:07:24,583 --> 00:07:25,791 whatever, but 471 00:07:25,791 --> 00:07:27,208 how few people 472 00:07:27,208 --> 00:07:29,458 actually do it. 473 00:07:29,458 --> 00:07:30,000 We were chatting 474 00:07:30,000 --> 00:07:30,583 last night 475 00:07:30,583 --> 00:07:31,833 with some friends, 476 00:07:31,833 --> 00:07:33,250 and it's like 477 00:07:33,250 --> 00:07:35,250 we're talking about, 478 00:07:35,250 --> 00:07:35,625 you know, we're 479 00:07:35,625 --> 00:07:36,291 going through a book 480 00:07:36,291 --> 00:07:36,958 together, 481 00:07:36,958 --> 00:07:37,416 kind of like 482 00:07:37,416 --> 00:07:38,750 part of a Bible study. 483 00:07:38,750 --> 00:07:40,041 And I kind of made 484 00:07:40,041 --> 00:07:41,041 the comment like, 485 00:07:41,041 --> 00:07:41,458 look, 486 00:07:41,458 --> 00:07:42,000 nothing was 487 00:07:42,000 --> 00:07:42,875 revolutionary 488 00:07:42,875 --> 00:07:43,666 in this chapter 489 00:07:43,666 --> 00:07:44,083 for the last 490 00:07:44,083 --> 00:07:45,333 few weeks. 491 00:07:45,333 --> 00:07:45,666 But it's 492 00:07:45,666 --> 00:07:47,041 a good reminder 493 00:07:47,041 --> 00:07:47,458 that we have 494 00:07:47,458 --> 00:07:48,291 to take action. 495 00:07:48,291 --> 00:07:48,958 And like, 496 00:07:48,958 --> 00:07:50,375 I know how to 497 00:07:50,375 --> 00:07:52,583 how to have a 4% BMI 498 00:07:52,583 --> 00:07:53,000 and A 499 00:07:53,000 --> 00:07:54,250 and a six pack with, 500 00:07:54,250 --> 00:07:55,166 you know, with a shirt 501 00:07:55,166 --> 00:07:55,916 that is just 502 00:07:55,916 --> 00:07:56,416 like fitting, 503 00:07:56,416 --> 00:07:57,375 just perfect. 504 00:07:57,375 --> 00:07:58,208 But guess what? 505 00:07:59,583 --> 00:08:00,500 I'm not disciplined 506 00:08:00,500 --> 00:08:01,833 enough to do that. 507 00:08:01,833 --> 00:08:03,666 And and it's such, 508 00:08:03,666 --> 00:08:05,041 so it's such a key 509 00:08:05,041 --> 00:08:06,000 kind of component 510 00:08:06,000 --> 00:08:07,583 I feel like to 511 00:08:07,583 --> 00:08:09,041 knowing what to do 512 00:08:09,041 --> 00:08:09,916 is really only 513 00:08:09,916 --> 00:08:11,041 like 10%. 514 00:08:11,041 --> 00:08:12,000 The other 90 515 00:08:12,000 --> 00:08:12,916 is actually 516 00:08:12,916 --> 00:08:13,833 getting it done 517 00:08:13,833 --> 00:08:15,000 and doing it. 518 00:08:15,000 --> 00:08:16,458 Yeah, but, 519 00:08:16,458 --> 00:08:17,125 never judge 520 00:08:17,125 --> 00:08:19,000 a book by its cover. 521 00:08:19,000 --> 00:08:19,958 You don't have to have 522 00:08:19,958 --> 00:08:20,500 a perfect 523 00:08:20,500 --> 00:08:22,916 abs to be, to be fit. 524 00:08:22,916 --> 00:08:23,250 You can 525 00:08:23,250 --> 00:08:23,666 you can be 526 00:08:23,666 --> 00:08:24,958 mentally fit. 527 00:08:24,958 --> 00:08:25,500 That's right, 528 00:08:25,500 --> 00:08:26,291 I like that. 529 00:08:26,291 --> 00:08:26,708 That's what 530 00:08:26,708 --> 00:08:28,291 I'm I'm in there. 531 00:08:28,291 --> 00:08:30,750 The mental juggernaut. 532 00:08:30,750 --> 00:08:31,416 Yeah. 533 00:08:31,416 --> 00:08:32,458 No, but, 534 00:08:32,458 --> 00:08:33,666 I mean, Michael 535 00:08:33,666 --> 00:08:35,000 Jackson himself, 536 00:08:35,000 --> 00:08:36,166 he changed, 537 00:08:36,166 --> 00:08:36,666 he changed 538 00:08:36,666 --> 00:08:37,416 from black man 539 00:08:37,416 --> 00:08:38,208 to white woman. 540 00:08:38,208 --> 00:08:39,083 But maybe 541 00:08:39,083 --> 00:08:39,958 that's not 542 00:08:39,958 --> 00:08:41,250 what he intended. 543 00:08:41,250 --> 00:08:41,916 Like the song 544 00:08:41,916 --> 00:08:44,500 lyric to be, but, 545 00:08:44,500 --> 00:08:44,708 he's. 546 00:08:44,708 --> 00:08:45,750 So it's to his own, 547 00:08:45,750 --> 00:08:46,791 I guess. 548 00:08:46,791 --> 00:08:48,958 For her or her. 549 00:08:48,958 --> 00:08:50,416 Yeah, whatever. 550 00:08:50,416 --> 00:08:50,833 I guess 551 00:08:50,833 --> 00:08:51,958 I think we've 552 00:08:51,958 --> 00:08:52,958 abandoned woke 553 00:08:52,958 --> 00:08:53,916 ism at this point, 554 00:08:53,916 --> 00:08:54,333 haven't we? 555 00:08:54,333 --> 00:08:55,083 Like, 556 00:08:55,083 --> 00:08:56,250 I feel like the world 557 00:08:56,250 --> 00:08:57,125 has just ditched 558 00:08:57,125 --> 00:08:58,166 that whole thing. 559 00:08:58,166 --> 00:08:58,916 That was a bad idea. 560 00:08:58,916 --> 00:08:59,708 Let's. Let's go. 561 00:08:59,708 --> 00:09:00,541 Next thing. 562 00:09:00,541 --> 00:09:02,125 It feels like it. 563 00:09:02,125 --> 00:09:03,250 It became cool 564 00:09:03,250 --> 00:09:04,958 to be conservative. 565 00:09:04,958 --> 00:09:07,500 It became cool again. 566 00:09:07,500 --> 00:09:07,833 Yeah. 567 00:09:07,833 --> 00:09:08,041 You know, 568 00:09:08,041 --> 00:09:09,083 you can see it in 569 00:09:09,083 --> 00:09:09,708 the culture. 570 00:09:09,708 --> 00:09:10,166 I've noticed 571 00:09:10,166 --> 00:09:10,791 this shift 572 00:09:10,791 --> 00:09:11,958 over the last. 573 00:09:11,958 --> 00:09:12,250 Yeah, 574 00:09:12,250 --> 00:09:12,833 probably started 575 00:09:12,833 --> 00:09:13,875 about 12 months ago. 576 00:09:13,875 --> 00:09:14,291 And then, 577 00:09:14,291 --> 00:09:14,958 you know, certainly 578 00:09:14,958 --> 00:09:16,416 over the election, 579 00:09:16,416 --> 00:09:17,416 like, 580 00:09:17,416 --> 00:09:18,208 I don't know how 581 00:09:18,208 --> 00:09:19,541 many celebrities 582 00:09:19,541 --> 00:09:21,416 came out Anti-woke, 583 00:09:22,541 --> 00:09:23,916 over the last, 584 00:09:23,916 --> 00:09:25,291 you know, six months. 585 00:09:25,291 --> 00:09:26,208 And that is 586 00:09:26,208 --> 00:09:27,375 just game changing. 587 00:09:27,375 --> 00:09:27,625 No. 588 00:09:27,625 --> 00:09:28,083 What people 589 00:09:28,083 --> 00:09:28,541 are no longer 590 00:09:28,541 --> 00:09:29,083 afraid of 591 00:09:29,083 --> 00:09:30,125 cancel culture. 592 00:09:30,125 --> 00:09:31,000 And I feel like 593 00:09:31,000 --> 00:09:32,083 this is just, 594 00:09:32,083 --> 00:09:33,083 you know, this is the, 595 00:09:33,083 --> 00:09:35,041 the, the purest form 596 00:09:35,041 --> 00:09:36,958 of, of a free market, 597 00:09:36,958 --> 00:09:37,583 kind of like 598 00:09:37,583 --> 00:09:38,666 swinging back 599 00:09:38,666 --> 00:09:39,208 and forth 600 00:09:39,208 --> 00:09:39,625 and back 601 00:09:39,625 --> 00:09:39,958 and forth 602 00:09:39,958 --> 00:09:40,416 and eventually 603 00:09:40,416 --> 00:09:42,125 the path gets found. 604 00:09:42,125 --> 00:09:43,083 Yeah, 605 00:09:43,083 --> 00:09:44,166 there's a lot of the 606 00:09:44,166 --> 00:09:44,666 sounds like 607 00:09:44,666 --> 00:09:45,166 you've read 608 00:09:45,166 --> 00:09:46,000 our book already, 609 00:09:46,000 --> 00:09:46,916 because it 610 00:09:46,916 --> 00:09:47,916 also feels like 611 00:09:47,916 --> 00:09:48,583 it came out 612 00:09:48,583 --> 00:09:49,791 like a month or two 613 00:09:49,791 --> 00:09:50,250 too late, 614 00:09:50,250 --> 00:09:51,333 because it's 615 00:09:51,333 --> 00:09:51,791 addressing 616 00:09:51,791 --> 00:09:52,416 the problems 617 00:09:52,416 --> 00:09:53,166 that were there 618 00:09:53,166 --> 00:09:54,208 like six months ago. 619 00:09:54,208 --> 00:09:55,833 But maybe. 620 00:09:55,833 --> 00:09:57,041 But then again, 621 00:09:57,041 --> 00:09:57,958 the pendulum 622 00:09:57,958 --> 00:09:58,916 you mentioned, that's 623 00:09:58,916 --> 00:09:59,541 another chapter 624 00:09:59,541 --> 00:10:00,041 of the book. 625 00:10:00,041 --> 00:10:00,666 Like it 626 00:10:00,666 --> 00:10:01,833 swings back and forth, 627 00:10:01,833 --> 00:10:02,708 and I don't think 628 00:10:02,708 --> 00:10:04,166 like the other side 629 00:10:04,166 --> 00:10:05,833 of any political aisle 630 00:10:05,833 --> 00:10:07,000 is necessarily 631 00:10:07,000 --> 00:10:08,250 the answer. 632 00:10:08,250 --> 00:10:08,791 The answer 633 00:10:08,791 --> 00:10:10,166 is not to, to 634 00:10:10,166 --> 00:10:11,375 to like turn the wheel 635 00:10:11,375 --> 00:10:11,875 to another 636 00:10:11,875 --> 00:10:13,166 spoke of the wheel. 637 00:10:13,166 --> 00:10:13,916 It's to break 638 00:10:13,916 --> 00:10:14,875 the wheels. 639 00:10:14,875 --> 00:10:16,166 Yes. That's right. 640 00:10:16,166 --> 00:10:16,708 I saw Gary 641 00:10:16,708 --> 00:10:17,666 and said, like, 642 00:10:17,666 --> 00:10:18,708 if we want to destroy 643 00:10:18,708 --> 00:10:19,166 the whole 644 00:10:19,166 --> 00:10:19,833 fucking thing 645 00:10:19,833 --> 00:10:20,958 and throw politics 646 00:10:20,958 --> 00:10:21,708 out the window 647 00:10:21,708 --> 00:10:22,291 completely, 648 00:10:22,291 --> 00:10:22,791 that's getting. 649 00:10:22,791 --> 00:10:23,708 Rid of the 650 00:10:23,708 --> 00:10:25,416 the the politicians. 651 00:10:25,416 --> 00:10:25,916 Yeah, that's 652 00:10:25,916 --> 00:10:27,083 the bastard. 653 00:10:27,083 --> 00:10:27,958 Like we have 654 00:10:27,958 --> 00:10:29,333 the evidence for us. 655 00:10:29,333 --> 00:10:30,708 Well, that 656 00:10:30,708 --> 00:10:31,833 that and the roads 657 00:10:31,833 --> 00:10:32,625 and peace and. 658 00:10:32,625 --> 00:10:33,416 Yeah, yeah. 659 00:10:33,416 --> 00:10:33,958 Well it's 660 00:10:33,958 --> 00:10:34,750 and it's like, 661 00:10:34,750 --> 00:10:35,666 first of all, 662 00:10:35,666 --> 00:10:36,083 they're not doing 663 00:10:36,083 --> 00:10:36,750 a very good job 664 00:10:36,750 --> 00:10:37,166 of that here 665 00:10:37,166 --> 00:10:38,291 in Canada anyways. 666 00:10:38,291 --> 00:10:40,000 So I don't know. 667 00:10:40,000 --> 00:10:41,250 But there's this, 668 00:10:41,250 --> 00:10:42,333 I've had this, this 669 00:10:42,333 --> 00:10:43,833 kind of theory. 670 00:10:43,833 --> 00:10:44,875 About, you know, 671 00:10:44,875 --> 00:10:45,583 how do we get 672 00:10:45,583 --> 00:10:46,875 to, to mass 673 00:10:46,875 --> 00:10:48,291 bitcoin adoption, 674 00:10:48,291 --> 00:10:49,541 when does it come 675 00:10:49,541 --> 00:10:50,791 and you know, 676 00:10:50,791 --> 00:10:52,708 the right naturally, 677 00:10:52,708 --> 00:10:53,708 I think 678 00:10:53,708 --> 00:10:55,916 adopted bitcoin simply 679 00:10:55,916 --> 00:10:56,791 because it was the 680 00:10:56,791 --> 00:10:58,708 left in power. 681 00:10:58,708 --> 00:10:59,541 You know like 682 00:10:59,541 --> 00:11:00,000 we have been 683 00:11:00,000 --> 00:11:00,833 getting more 684 00:11:00,833 --> 00:11:01,958 and more progressive 685 00:11:01,958 --> 00:11:03,416 or left for the last 686 00:11:03,416 --> 00:11:04,041 as long as I 687 00:11:04,041 --> 00:11:05,375 can remember. 688 00:11:05,375 --> 00:11:06,166 And so it feels 689 00:11:06,166 --> 00:11:07,166 like naturally 690 00:11:07,166 --> 00:11:08,208 freedom money 691 00:11:08,208 --> 00:11:09,583 goes to the quote 692 00:11:09,583 --> 00:11:10,458 unquote oppressed. 693 00:11:10,458 --> 00:11:11,166 Now, I don't want to, 694 00:11:11,166 --> 00:11:11,500 you know, 695 00:11:11,500 --> 00:11:12,166 I'll use that word 696 00:11:12,166 --> 00:11:12,916 very loosely 697 00:11:12,916 --> 00:11:13,583 and lightly. 698 00:11:13,583 --> 00:11:16,000 Let's, you know, be, 699 00:11:16,000 --> 00:11:16,791 be sensitive, 700 00:11:16,791 --> 00:11:18,708 but at the same time, 701 00:11:18,708 --> 00:11:19,708 moving, 702 00:11:19,708 --> 00:11:20,750 moving the pendulum. 703 00:11:20,750 --> 00:11:21,708 So, you know, 704 00:11:21,708 --> 00:11:22,541 we're moving now 705 00:11:22,541 --> 00:11:23,916 all the way to 706 00:11:23,916 --> 00:11:24,875 to the right, 707 00:11:24,875 --> 00:11:25,708 it seems, 708 00:11:25,708 --> 00:11:26,375 which is great, 709 00:11:26,375 --> 00:11:27,750 which means the left 710 00:11:27,750 --> 00:11:28,541 will eventually 711 00:11:28,541 --> 00:11:29,291 be oppressed. 712 00:11:29,291 --> 00:11:29,791 They will go to 713 00:11:29,791 --> 00:11:30,583 the same things 714 00:11:30,583 --> 00:11:30,958 that us 715 00:11:30,958 --> 00:11:31,541 bitcoiners 716 00:11:31,541 --> 00:11:32,041 have been going 717 00:11:32,041 --> 00:11:32,875 through with the 718 00:11:32,875 --> 00:11:34,291 financial banishment 719 00:11:34,291 --> 00:11:34,833 and the, 720 00:11:34,833 --> 00:11:35,708 you know, the state 721 00:11:35,708 --> 00:11:36,291 calling you 722 00:11:36,291 --> 00:11:37,333 or making up lies 723 00:11:37,333 --> 00:11:38,250 about you and 724 00:11:38,250 --> 00:11:39,041 and whatever 725 00:11:39,041 --> 00:11:39,708 or whatever. 726 00:11:39,708 --> 00:11:40,833 And then they too 727 00:11:40,833 --> 00:11:41,541 will realize, 728 00:11:41,541 --> 00:11:42,708 oh hey, Bitcoin 729 00:11:42,708 --> 00:11:43,666 is nonpartisan. 730 00:11:43,666 --> 00:11:44,458 Bitcoin 731 00:11:44,458 --> 00:11:45,083 is something 732 00:11:45,083 --> 00:11:45,666 that I can 733 00:11:45,666 --> 00:11:46,666 benefit from 734 00:11:46,666 --> 00:11:48,500 within my ideology. 735 00:11:48,500 --> 00:11:49,458 It'll probably change 736 00:11:49,458 --> 00:11:50,250 that ideology 737 00:11:50,250 --> 00:11:50,708 quite a bit 738 00:11:50,708 --> 00:11:51,333 because Bitcoin 739 00:11:51,333 --> 00:11:52,000 changes you 740 00:11:52,000 --> 00:11:52,750 and kind of forces you 741 00:11:52,750 --> 00:11:53,416 to think more 742 00:11:53,416 --> 00:11:54,000 and not just, 743 00:11:54,000 --> 00:11:54,291 you know, 744 00:11:54,291 --> 00:11:55,416 act on emotion, 745 00:11:55,416 --> 00:11:56,750 but it will still, 746 00:11:56,750 --> 00:11:57,166 you know, 747 00:11:57,166 --> 00:11:58,041 it will still be 748 00:11:58,041 --> 00:11:58,583 there as 749 00:11:58,583 --> 00:11:59,916 a freedom tool. 750 00:11:59,916 --> 00:12:00,750 And then 751 00:12:00,750 --> 00:12:01,541 at that point, 752 00:12:01,541 --> 00:12:02,041 I think is 753 00:12:02,041 --> 00:12:03,750 when we get to this 754 00:12:03,750 --> 00:12:04,666 hyper bitcoin 755 00:12:04,666 --> 00:12:05,791 ized, 756 00:12:05,791 --> 00:12:06,291 spot, 757 00:12:06,291 --> 00:12:07,916 when both sides of 758 00:12:07,916 --> 00:12:08,541 the aisle 759 00:12:08,541 --> 00:12:09,333 have realized 760 00:12:09,333 --> 00:12:10,500 that is is in fact 761 00:12:10,500 --> 00:12:11,250 the aisle 762 00:12:11,250 --> 00:12:12,625 that is the problem. 763 00:12:12,625 --> 00:12:13,166 And yeah. 764 00:12:13,166 --> 00:12:14,416 And and we can 765 00:12:14,416 --> 00:12:14,666 you know 766 00:12:14,666 --> 00:12:15,375 Bitcoin is like 767 00:12:15,375 --> 00:12:15,833 the bridge 768 00:12:15,833 --> 00:12:16,833 between the aisle 769 00:12:16,833 --> 00:12:17,500 to actually 770 00:12:17,500 --> 00:12:18,500 getting society, 771 00:12:18,500 --> 00:12:19,791 getting humanity 772 00:12:19,791 --> 00:12:20,833 into this spot 773 00:12:20,833 --> 00:12:21,416 that is 774 00:12:21,416 --> 00:12:23,000 that is better. 775 00:12:23,000 --> 00:12:23,416 And I'm. 776 00:12:23,416 --> 00:12:24,166 Or is the bridge 777 00:12:24,166 --> 00:12:25,500 to shore from 778 00:12:25,500 --> 00:12:26,458 from the 779 00:12:26,458 --> 00:12:27,416 or the bridge 780 00:12:27,416 --> 00:12:28,416 to the lifeboat 781 00:12:28,416 --> 00:12:29,625 rather than 782 00:12:29,625 --> 00:12:30,375 within the aisles? 783 00:12:30,375 --> 00:12:31,083 It's away 784 00:12:31,083 --> 00:12:32,458 from both sides 785 00:12:32,458 --> 00:12:32,916 of the aisle. 786 00:12:32,916 --> 00:12:34,958 Yes. Yes, absolutely. 787 00:12:34,958 --> 00:12:35,583 Pick your brain 788 00:12:35,583 --> 00:12:37,041 on one thing. 789 00:12:37,041 --> 00:12:37,958 You mentioned like 790 00:12:37,958 --> 00:12:39,041 mass adoption. 791 00:12:39,041 --> 00:12:39,458 So. 792 00:12:39,458 --> 00:12:40,458 So here's a, 793 00:12:40,458 --> 00:12:41,208 a slightly 794 00:12:41,208 --> 00:12:43,166 unpopular opinion. 795 00:12:43,166 --> 00:12:44,000 And, 796 00:12:44,000 --> 00:12:44,833 I think it's 797 00:12:44,833 --> 00:12:45,708 more important 798 00:12:45,708 --> 00:12:46,833 for all the money 799 00:12:46,833 --> 00:12:47,916 to adopt Bitcoin 800 00:12:47,916 --> 00:12:48,416 than for all 801 00:12:48,416 --> 00:12:48,958 the people 802 00:12:48,958 --> 00:12:50,000 to adopt Bitcoin. 803 00:12:50,000 --> 00:12:50,583 And the reason 804 00:12:50,583 --> 00:12:51,125 I say that 805 00:12:51,125 --> 00:12:51,583 is that 806 00:12:51,583 --> 00:12:52,708 the more wealth 807 00:12:52,708 --> 00:12:53,541 that is 808 00:12:53,541 --> 00:12:54,333 held in 809 00:12:54,333 --> 00:12:55,708 actual self-custody, 810 00:12:56,833 --> 00:12:57,791 as opposed to 811 00:12:57,791 --> 00:13:00,166 ETFs and all of this, 812 00:13:00,166 --> 00:13:00,666 other 813 00:13:00,666 --> 00:13:03,666 fiat world nonsense, 814 00:13:03,666 --> 00:13:04,916 you know, 815 00:13:04,916 --> 00:13:06,333 transitory things 816 00:13:06,333 --> 00:13:07,083 from, from 817 00:13:07,083 --> 00:13:08,250 the legacy system to, 818 00:13:08,250 --> 00:13:08,708 to hyper 819 00:13:08,708 --> 00:13:09,750 bitcoin ization. 820 00:13:09,750 --> 00:13:11,458 I think the, the, 821 00:13:11,458 --> 00:13:13,125 the more people 822 00:13:13,125 --> 00:13:13,500 that are 823 00:13:13,500 --> 00:13:13,958 actually 824 00:13:13,958 --> 00:13:14,791 self-sovereign 825 00:13:14,791 --> 00:13:15,750 and have 826 00:13:15,750 --> 00:13:16,625 a lot of bitcoin 827 00:13:16,625 --> 00:13:17,833 and self-custody their 828 00:13:17,833 --> 00:13:18,583 are the 829 00:13:18,583 --> 00:13:19,708 the more powerful 830 00:13:19,708 --> 00:13:20,375 we become 831 00:13:20,375 --> 00:13:22,166 as a political force 832 00:13:22,166 --> 00:13:23,041 in ourselves. 833 00:13:23,041 --> 00:13:23,875 Like that's 834 00:13:23,875 --> 00:13:24,541 where we can really 835 00:13:24,541 --> 00:13:27,500 start influencing, 836 00:13:27,500 --> 00:13:28,916 you know, regulators 837 00:13:28,916 --> 00:13:29,875 and lawmakers 838 00:13:29,875 --> 00:13:31,000 and such like, 839 00:13:31,000 --> 00:13:33,958 and really 840 00:13:33,958 --> 00:13:34,750 pay ourselves 841 00:13:34,750 --> 00:13:35,666 off the trouble of 842 00:13:35,666 --> 00:13:36,125 because at 843 00:13:36,125 --> 00:13:36,750 the end of the day, 844 00:13:36,750 --> 00:13:37,166 that's what 845 00:13:37,166 --> 00:13:37,916 it's all about. 846 00:13:37,916 --> 00:13:38,583 If you got 847 00:13:38,583 --> 00:13:39,208 enough money, 848 00:13:39,208 --> 00:13:39,708 you can stay 849 00:13:39,708 --> 00:13:40,333 out of trouble. 850 00:13:40,333 --> 00:13:40,875 You can pay 851 00:13:40,875 --> 00:13:41,375 for your own 852 00:13:41,375 --> 00:13:41,666 fucking 853 00:13:41,666 --> 00:13:42,875 defense system, 854 00:13:42,875 --> 00:13:44,000 like guess. 855 00:13:44,000 --> 00:13:44,416 And I 856 00:13:44,416 --> 00:13:45,125 and I realize 857 00:13:45,125 --> 00:13:45,916 I swear a lot here, 858 00:13:45,916 --> 00:13:46,416 but what are 859 00:13:46,416 --> 00:13:48,041 your thoughts? Yeah. 860 00:13:48,041 --> 00:13:48,416 So what do you 861 00:13:48,416 --> 00:13:48,875 what do you mean 862 00:13:48,875 --> 00:13:49,333 exactly 863 00:13:49,333 --> 00:13:49,916 by all the like, 864 00:13:49,916 --> 00:13:50,541 what's the difference 865 00:13:50,541 --> 00:13:51,583 between the money 866 00:13:51,583 --> 00:13:52,708 and the people? 867 00:13:52,708 --> 00:13:54,333 So, so 868 00:13:54,333 --> 00:13:55,416 I, I don't view 869 00:13:55,416 --> 00:13:56,041 Bitcoin as 870 00:13:56,041 --> 00:13:57,333 being for everybody, 871 00:13:57,333 --> 00:13:58,708 but for anybody 872 00:13:58,708 --> 00:13:59,416 like Bitcoin 873 00:13:59,416 --> 00:14:00,791 is for anybody 874 00:14:00,791 --> 00:14:01,916 because not 875 00:14:01,916 --> 00:14:04,458 everyone is suitable 876 00:14:05,583 --> 00:14:06,916 or capable 877 00:14:06,916 --> 00:14:08,250 of of the 878 00:14:08,250 --> 00:14:08,958 taking care 879 00:14:08,958 --> 00:14:10,208 of their own shit. 880 00:14:10,208 --> 00:14:10,666 Like there's 881 00:14:10,666 --> 00:14:11,333 a lot of people 882 00:14:11,333 --> 00:14:13,125 that sort of need, 883 00:14:13,125 --> 00:14:13,833 a provider 884 00:14:13,833 --> 00:14:14,625 and that could be 885 00:14:14,625 --> 00:14:15,875 anything from 886 00:14:15,875 --> 00:14:17,291 your senile mum 887 00:14:17,291 --> 00:14:18,666 to your kids 888 00:14:18,666 --> 00:14:19,458 to to 889 00:14:19,458 --> 00:14:20,375 whoever else 890 00:14:20,375 --> 00:14:21,208 in your family 891 00:14:21,208 --> 00:14:22,708 needs your support. 892 00:14:22,708 --> 00:14:22,833 Well, 893 00:14:22,833 --> 00:14:23,458 what I, what 894 00:14:23,458 --> 00:14:24,166 I'm sure of 895 00:14:24,166 --> 00:14:26,791 is that the, you know, 896 00:14:26,791 --> 00:14:28,625 supportive of 897 00:14:28,625 --> 00:14:30,333 head of the family 898 00:14:30,333 --> 00:14:32,250 is a more suitable 899 00:14:32,250 --> 00:14:32,958 provider 900 00:14:32,958 --> 00:14:33,750 of that stuff 901 00:14:33,750 --> 00:14:35,000 than the state. 902 00:14:35,000 --> 00:14:35,750 What what what 903 00:14:35,750 --> 00:14:36,208 we've done 904 00:14:36,208 --> 00:14:36,875 today is that 905 00:14:36,875 --> 00:14:37,833 we've outsourced 906 00:14:37,833 --> 00:14:39,000 all the responsibility 907 00:14:39,000 --> 00:14:39,541 to the state. 908 00:14:39,541 --> 00:14:41,250 So everyone becomes, 909 00:14:41,250 --> 00:14:42,125 a victim 910 00:14:42,125 --> 00:14:42,583 because it's 911 00:14:42,583 --> 00:14:43,250 profitable to be 912 00:14:43,250 --> 00:14:44,166 victim like, 913 00:14:44,166 --> 00:14:46,416 everyone becomes a, 914 00:14:46,416 --> 00:14:47,375 benefit 915 00:14:47,375 --> 00:14:49,125 instead of a provider. 916 00:14:49,125 --> 00:14:50,291 And I think that's, 917 00:14:50,291 --> 00:14:52,125 like the real thing 918 00:14:52,125 --> 00:14:52,708 to fix here, 919 00:14:52,708 --> 00:14:53,666 to get away from that. 920 00:14:53,666 --> 00:14:54,000 So that 921 00:14:54,000 --> 00:14:54,916 responsibility, 922 00:14:56,375 --> 00:14:57,208 inherently 923 00:14:57,208 --> 00:14:58,583 responsible people 924 00:14:58,583 --> 00:15:00,583 can start taking some, 925 00:15:00,583 --> 00:15:01,250 some damn 926 00:15:01,250 --> 00:15:02,125 responsibility 927 00:15:02,125 --> 00:15:02,958 for their own lives 928 00:15:02,958 --> 00:15:03,916 and their own, 929 00:15:03,916 --> 00:15:04,708 happiness like, 930 00:15:04,708 --> 00:15:05,041 and their 931 00:15:05,041 --> 00:15:07,500 and their families, 932 00:15:07,500 --> 00:15:08,541 because it's 933 00:15:08,541 --> 00:15:09,375 the freedom 934 00:15:09,375 --> 00:15:10,458 responsibility coin. 935 00:15:10,458 --> 00:15:11,666 So, so yeah, 936 00:15:11,666 --> 00:15:12,416 that's what I mean 937 00:15:12,416 --> 00:15:13,791 by the money 938 00:15:13,791 --> 00:15:14,708 getting into Bitcoin 939 00:15:14,708 --> 00:15:17,708 is that the more 940 00:15:18,416 --> 00:15:20,208 the more influence 941 00:15:20,208 --> 00:15:20,791 you have over 942 00:15:20,791 --> 00:15:21,500 other people. 943 00:15:21,500 --> 00:15:23,041 So like the more 944 00:15:23,041 --> 00:15:23,875 which is 945 00:15:23,875 --> 00:15:24,875 sort of equivalent 946 00:15:24,875 --> 00:15:25,375 to how much 947 00:15:25,375 --> 00:15:26,083 wealth you have, 948 00:15:26,083 --> 00:15:26,791 because you can 949 00:15:26,791 --> 00:15:27,458 use that wealth 950 00:15:27,458 --> 00:15:28,333 to buy stuff. 951 00:15:28,333 --> 00:15:29,166 And by doing that 952 00:15:29,166 --> 00:15:29,916 you sort of vote 953 00:15:29,916 --> 00:15:31,083 with your wallet 954 00:15:31,083 --> 00:15:32,666 on what gets, 955 00:15:32,666 --> 00:15:33,208 promoted in 956 00:15:33,208 --> 00:15:34,083 the market. 957 00:15:34,083 --> 00:15:35,375 So, so I think it's, 958 00:15:35,375 --> 00:15:36,000 it's more 959 00:15:36,000 --> 00:15:37,833 important for 960 00:15:37,833 --> 00:15:38,791 someone like Elon 961 00:15:38,791 --> 00:15:40,875 Musk to become, 962 00:15:40,875 --> 00:15:43,083 orange peel than, 963 00:15:43,083 --> 00:15:45,333 than your average 964 00:15:45,333 --> 00:15:46,708 truck driver, Igor. 965 00:15:46,708 --> 00:15:47,458 The truck driver 966 00:15:47,458 --> 00:15:49,916 in Canada, like, 967 00:15:49,916 --> 00:15:50,750 so, but, 968 00:15:50,750 --> 00:15:52,583 and this might be, 969 00:15:52,583 --> 00:15:53,250 somewhat, 970 00:15:54,458 --> 00:15:55,291 controversial 971 00:15:55,291 --> 00:15:56,375 take, but I'd 972 00:15:56,375 --> 00:15:56,916 just like to 973 00:15:56,916 --> 00:15:57,416 hear your thoughts 974 00:15:57,416 --> 00:15:58,166 on it. 975 00:15:58,166 --> 00:15:58,458 Yeah. 976 00:15:58,458 --> 00:15:58,708 I mean, 977 00:15:58,708 --> 00:16:00,750 I think that you're 978 00:16:00,750 --> 00:16:01,625 probably on to it 979 00:16:01,625 --> 00:16:01,833 with. 980 00:16:01,833 --> 00:16:02,250 It's that 981 00:16:02,250 --> 00:16:03,583 it's for anybody. 982 00:16:03,583 --> 00:16:05,916 Not not everybody. 983 00:16:05,916 --> 00:16:07,166 But I think that it, 984 00:16:07,166 --> 00:16:08,041 it employs 985 00:16:08,041 --> 00:16:09,416 kind of a 986 00:16:09,416 --> 00:16:10,958 natural growth and, 987 00:16:10,958 --> 00:16:11,583 or natural 988 00:16:11,583 --> 00:16:13,583 selection behind 989 00:16:13,583 --> 00:16:14,375 who does or 990 00:16:14,375 --> 00:16:15,500 who can adopt it. 991 00:16:15,500 --> 00:16:15,791 I think 992 00:16:15,791 --> 00:16:17,208 that eventually 993 00:16:17,208 --> 00:16:19,125 if you cannot adopt 994 00:16:19,125 --> 00:16:22,125 a Bitcoin standard, 995 00:16:22,333 --> 00:16:24,666 you're kind of toast 996 00:16:24,666 --> 00:16:25,416 if you can't 997 00:16:25,416 --> 00:16:26,041 figure out 998 00:16:26,041 --> 00:16:27,625 how to self-custody, 999 00:16:27,625 --> 00:16:28,166 you will 1000 00:16:28,166 --> 00:16:30,125 inevitably become 1001 00:16:30,125 --> 00:16:31,541 a, a slave. 1002 00:16:31,541 --> 00:16:32,375 But I but I, 1003 00:16:32,375 --> 00:16:34,541 I think that 1004 00:16:34,541 --> 00:16:36,750 the incentive to learn 1005 00:16:36,750 --> 00:16:39,166 Bitcoin is so great 1006 00:16:39,166 --> 00:16:40,166 that 1 to 1007 00:16:40,166 --> 00:16:41,541 2 generations 1008 00:16:41,541 --> 00:16:43,291 and you will be 1009 00:16:43,291 --> 00:16:45,166 in fantastic like the 1010 00:16:45,166 --> 00:16:45,750 I think it's just 1011 00:16:45,750 --> 00:16:47,458 it's adopt or die. 1012 00:16:47,458 --> 00:16:48,208 And I 1013 00:16:48,208 --> 00:16:49,166 think that you're 1014 00:16:49,166 --> 00:16:50,791 probably correct 1015 00:16:50,791 --> 00:16:51,666 as far as who's 1016 00:16:51,666 --> 00:16:52,833 more important, 1017 00:16:52,833 --> 00:16:53,791 it's hard to say. 1018 00:16:53,791 --> 00:16:55,416 I think that, 1019 00:16:55,416 --> 00:16:56,166 you know, 1020 00:16:56,166 --> 00:16:57,208 what's better, the 1021 00:16:57,208 --> 00:16:58,875 smart man with, 1022 00:16:59,833 --> 00:17:00,416 you know, 1023 00:17:00,416 --> 00:17:01,750 this, the smart man 1024 00:17:01,750 --> 00:17:03,458 who can gain nothing, 1025 00:17:03,458 --> 00:17:04,875 or the hungry 1026 00:17:04,875 --> 00:17:05,583 man who has 1027 00:17:05,583 --> 00:17:06,958 everything to gain. 1028 00:17:06,958 --> 00:17:08,458 And it's it's 1029 00:17:08,458 --> 00:17:09,500 it's an interesting 1030 00:17:09,500 --> 00:17:10,083 kind of thought 1031 00:17:10,083 --> 00:17:12,375 exercise where, 1032 00:17:12,375 --> 00:17:13,708 you know, I, 1033 00:17:13,708 --> 00:17:15,000 I look back at my life 1034 00:17:15,000 --> 00:17:15,250 and who 1035 00:17:15,250 --> 00:17:16,041 I've worked with. 1036 00:17:16,041 --> 00:17:17,458 And sometimes 1037 00:17:17,458 --> 00:17:18,208 the smartest isn't 1038 00:17:18,208 --> 00:17:18,666 always the 1039 00:17:18,666 --> 00:17:19,500 best choice. 1040 00:17:19,500 --> 00:17:20,000 They're not always 1041 00:17:20,000 --> 00:17:20,750 going to have your, 1042 00:17:20,750 --> 00:17:22,875 your back. 1043 00:17:22,875 --> 00:17:23,541 It's definitely 1044 00:17:23,541 --> 00:17:24,000 the one 1045 00:17:24,000 --> 00:17:26,166 that is hungriest 1046 00:17:26,166 --> 00:17:26,583 with the 1047 00:17:26,583 --> 00:17:27,750 aligned incentives 1048 00:17:27,750 --> 00:17:28,166 that are 1049 00:17:28,166 --> 00:17:28,416 that it's 1050 00:17:28,416 --> 00:17:31,416 going to be best, 1051 00:17:31,500 --> 00:17:32,166 for whatever 1052 00:17:32,166 --> 00:17:33,875 I needed best to be. 1053 00:17:33,875 --> 00:17:36,875 And so I feel like, 1054 00:17:36,875 --> 00:17:37,250 you know, 1055 00:17:37,250 --> 00:17:38,666 certainly, Elon 1056 00:17:38,666 --> 00:17:39,875 getting orange pilled 1057 00:17:39,875 --> 00:17:41,875 would be positive. 1058 00:17:41,875 --> 00:17:42,416 He's got a big 1059 00:17:42,416 --> 00:17:43,083 influence 1060 00:17:43,083 --> 00:17:43,375 and lots of 1061 00:17:43,375 --> 00:17:44,666 other people. 1062 00:17:44,666 --> 00:17:45,416 But I wonder 1063 00:17:45,416 --> 00:17:46,583 if that actually hurts 1064 00:17:46,583 --> 00:17:47,916 because 1065 00:17:47,916 --> 00:17:48,541 people just do 1066 00:17:48,541 --> 00:17:49,500 what Elon says. 1067 00:17:49,500 --> 00:17:50,166 They don't actually 1068 00:17:50,166 --> 00:17:51,333 go down the orange 1069 00:17:51,333 --> 00:17:52,916 pill rabbit hole. 1070 00:17:52,916 --> 00:17:53,250 No. 1071 00:17:53,250 --> 00:17:53,666 And this is 1072 00:17:53,666 --> 00:17:54,375 so interesting 1073 00:17:54,375 --> 00:17:54,958 because the same 1074 00:17:54,958 --> 00:17:55,750 is true for like, 1075 00:17:57,333 --> 00:17:58,291 this, this, 1076 00:17:58,291 --> 00:18:01,291 this question of, 1077 00:18:01,625 --> 00:18:02,916 what would you prefer, 1078 00:18:02,916 --> 00:18:03,416 a pro 1079 00:18:03,416 --> 00:18:04,791 bitcoin politician 1080 00:18:04,791 --> 00:18:05,416 or an anti 1081 00:18:05,416 --> 00:18:07,208 bitcoin politician? 1082 00:18:07,208 --> 00:18:08,000 Because there are 1083 00:18:08,000 --> 00:18:08,791 there are two sides 1084 00:18:08,791 --> 00:18:09,666 to that coin. Right. 1085 00:18:09,666 --> 00:18:10,916 Like if, if, 1086 00:18:10,916 --> 00:18:11,916 if you let a 1087 00:18:11,916 --> 00:18:13,375 politician dictate 1088 00:18:13,375 --> 00:18:14,375 whether you can 1089 00:18:14,375 --> 00:18:15,916 or cannot run a node, 1090 00:18:15,916 --> 00:18:17,166 you're sort of 1091 00:18:17,166 --> 00:18:18,333 missing the point. 1092 00:18:18,333 --> 00:18:19,416 The point is that 1093 00:18:19,416 --> 00:18:20,458 I'm running the node 1094 00:18:20,458 --> 00:18:21,041 because 1095 00:18:21,041 --> 00:18:22,125 because fuck you, 1096 00:18:22,125 --> 00:18:22,541 I won't do 1097 00:18:22,541 --> 00:18:23,208 what you tell me. 1098 00:18:23,208 --> 00:18:23,666 That's the 1099 00:18:23,666 --> 00:18:24,041 that's the 1100 00:18:24,041 --> 00:18:25,541 reason like, 1101 00:18:25,541 --> 00:18:26,166 and you don't 1102 00:18:26,166 --> 00:18:27,083 really get there 1103 00:18:27,083 --> 00:18:28,208 if it's not 1104 00:18:28,208 --> 00:18:29,083 permissionless, 1105 00:18:29,083 --> 00:18:30,875 if it's permissioned. 1106 00:18:30,875 --> 00:18:31,416 Totally. 1107 00:18:31,416 --> 00:18:32,583 And, and 1108 00:18:32,583 --> 00:18:33,125 but the, 1109 00:18:33,125 --> 00:18:33,916 the other side to 1110 00:18:33,916 --> 00:18:35,166 that is like this pro 1111 00:18:35,166 --> 00:18:36,458 bitcoin stuff. 1112 00:18:36,458 --> 00:18:37,333 I feel like we 1113 00:18:37,333 --> 00:18:38,375 as Bitcoiners 1114 00:18:38,375 --> 00:18:39,375 have moved very, 1115 00:18:39,375 --> 00:18:39,916 very quickly 1116 00:18:39,916 --> 00:18:40,666 to just LARPing 1117 00:18:40,666 --> 00:18:41,750 for the state. 1118 00:18:41,750 --> 00:18:44,291 And it, it, it 1119 00:18:44,291 --> 00:18:45,583 it is worrisome to me. 1120 00:18:45,583 --> 00:18:47,291 I share these same 1121 00:18:47,291 --> 00:18:48,416 these same convictions 1122 00:18:48,416 --> 00:18:48,666 and these 1123 00:18:48,666 --> 00:18:49,541 same worries. 1124 00:18:50,916 --> 00:18:51,750 I think and 1125 00:18:51,750 --> 00:18:52,625 it inevitably 1126 00:18:52,625 --> 00:18:53,458 doesn't matter. 1127 00:18:53,458 --> 00:18:55,166 I think that what 1128 00:18:55,166 --> 00:18:55,833 the release 1129 00:18:55,833 --> 00:18:56,458 that's happening 1130 00:18:56,458 --> 00:18:57,250 right now 1131 00:18:57,250 --> 00:18:58,666 universally 1132 00:18:58,666 --> 00:18:59,666 is Bitcoiners 1133 00:18:59,666 --> 00:19:00,250 being told 1134 00:19:00,250 --> 00:19:01,041 they were wrong 1135 00:19:01,041 --> 00:19:02,208 for so long, 1136 00:19:02,208 --> 00:19:02,708 being told 1137 00:19:02,708 --> 00:19:03,541 they were foolish 1138 00:19:03,541 --> 00:19:05,666 for so for so long. 1139 00:19:05,666 --> 00:19:06,333 And now what 1140 00:19:06,333 --> 00:19:07,000 you're suggesting 1141 00:19:07,000 --> 00:19:07,500 the Elon 1142 00:19:07,500 --> 00:19:09,000 Musks of the world 1143 00:19:09,000 --> 00:19:09,875 are like, 1144 00:19:09,875 --> 00:19:10,666 oh, this guy 1145 00:19:10,666 --> 00:19:11,375 has had it right 1146 00:19:11,375 --> 00:19:12,666 the whole time. 1147 00:19:12,666 --> 00:19:13,791 And we're like, 1148 00:19:13,791 --> 00:19:14,125 you know, 1149 00:19:14,125 --> 00:19:15,000 for some reason, 1150 00:19:15,000 --> 00:19:15,625 all of a sudden 1151 00:19:15,625 --> 00:19:16,500 the validation 1152 00:19:16,500 --> 00:19:16,958 that we 1153 00:19:16,958 --> 00:19:17,458 apparently didn't 1154 00:19:17,458 --> 00:19:19,291 care about and the, 1155 00:19:19,291 --> 00:19:20,250 you know, the pat 1156 00:19:20,250 --> 00:19:20,833 on the back 1157 00:19:20,833 --> 00:19:21,750 that we, you know, 1158 00:19:21,750 --> 00:19:22,208 I thought 1159 00:19:22,208 --> 00:19:23,958 didn't care about, 1160 00:19:23,958 --> 00:19:24,416 is very, 1161 00:19:24,416 --> 00:19:25,416 very important to us. 1162 00:19:25,416 --> 00:19:26,458 And we're like more, 1163 00:19:26,458 --> 00:19:27,125 more, more, 1164 00:19:27,125 --> 00:19:28,208 more, more. 1165 00:19:28,208 --> 00:19:28,916 And it's, 1166 00:19:28,916 --> 00:19:29,416 yeah, it's 1167 00:19:29,416 --> 00:19:29,875 an interesting 1168 00:19:29,875 --> 00:19:31,166 dynamic. 1169 00:19:31,166 --> 00:19:31,416 Yeah. 1170 00:19:31,416 --> 00:19:31,916 And it's 1171 00:19:31,916 --> 00:19:32,541 kind of sad 1172 00:19:32,541 --> 00:19:33,750 because I hate, 1173 00:19:33,750 --> 00:19:34,833 to see Bitcoiners 1174 00:19:34,833 --> 00:19:35,458 sucking up to 1175 00:19:35,458 --> 00:19:37,708 politicians and, Yeah. 1176 00:19:37,708 --> 00:19:38,916 And I understand 1177 00:19:38,916 --> 00:19:39,875 the appeal of Trump, 1178 00:19:39,875 --> 00:19:41,041 like, because he's, 1179 00:19:42,083 --> 00:19:43,083 in many ways the 1180 00:19:43,083 --> 00:19:44,083 opposite of 1181 00:19:44,083 --> 00:19:44,916 a politician. 1182 00:19:44,916 --> 00:19:45,416 Like his 1183 00:19:45,416 --> 00:19:46,166 his rhetoric 1184 00:19:46,166 --> 00:19:47,166 is like the opposite 1185 00:19:47,166 --> 00:19:47,541 of what 1186 00:19:47,541 --> 00:19:48,833 a quote unquote 1187 00:19:48,833 --> 00:19:49,833 normal politician 1188 00:19:49,833 --> 00:19:50,250 would say. 1189 00:19:50,250 --> 00:19:50,958 And I can see 1190 00:19:50,958 --> 00:19:51,958 why people like that. 1191 00:19:51,958 --> 00:19:52,916 It's the rebellion 1192 00:19:52,916 --> 00:19:53,958 of the of the thing. 1193 00:19:53,958 --> 00:19:54,666 But but 1194 00:19:54,666 --> 00:19:55,375 just the other day 1195 00:19:55,375 --> 00:19:56,666 he tweeted something 1196 00:19:56,666 --> 00:19:57,625 like, 1197 00:19:57,625 --> 00:20:00,625 Bitcoin's over 100 K, 1198 00:20:00,875 --> 00:20:02,458 dollars. 1199 00:20:02,458 --> 00:20:02,875 You're well, 1200 00:20:02,875 --> 00:20:04,291 you're welcome. 1201 00:20:04,291 --> 00:20:05,458 And what he doesn't 1202 00:20:05,458 --> 00:20:07,375 realize like, like 1203 00:20:07,375 --> 00:20:07,833 Donald. 1204 00:20:07,833 --> 00:20:09,166 You're welcome. 1205 00:20:09,166 --> 00:20:09,958 Yeah. 1206 00:20:09,958 --> 00:20:11,458 You're in debt to us, 1207 00:20:11,458 --> 00:20:12,166 not the other way 1208 00:20:12,166 --> 00:20:12,541 around. 1209 00:20:12,541 --> 00:20:13,375 Like Bitcoin 1210 00:20:13,375 --> 00:20:14,333 helped you 1211 00:20:14,333 --> 00:20:15,125 more than you 1212 00:20:15,125 --> 00:20:15,750 helped it. 1213 00:20:15,750 --> 00:20:16,250 Sure, 1214 00:20:16,250 --> 00:20:16,916 there's a 1215 00:20:16,916 --> 00:20:18,125 bull bull market 1216 00:20:18,125 --> 00:20:19,166 and everything, 1217 00:20:19,166 --> 00:20:20,250 but the fundamentals 1218 00:20:20,250 --> 00:20:21,333 are still the same. 1219 00:20:21,333 --> 00:20:22,291 And it's 1220 00:20:22,291 --> 00:20:22,875 you are going to 1221 00:20:22,875 --> 00:20:23,708 be the dinosaur. 1222 00:20:23,708 --> 00:20:24,208 Like you're 1223 00:20:24,208 --> 00:20:24,916 the one facing 1224 00:20:24,916 --> 00:20:25,833 the asteroid here. 1225 00:20:25,833 --> 00:20:26,500 The asteroid 1226 00:20:26,500 --> 00:20:28,125 doesn't care, 1227 00:20:28,125 --> 00:20:29,208 that you think 1228 00:20:29,208 --> 00:20:29,875 that you made 1229 00:20:29,875 --> 00:20:31,041 the asteroid stronger 1230 00:20:31,041 --> 00:20:32,291 or weaker, like 1231 00:20:32,291 --> 00:20:33,000 the asteroid 1232 00:20:33,000 --> 00:20:33,291 is still 1233 00:20:33,291 --> 00:20:33,958 coming for you, 1234 00:20:33,958 --> 00:20:34,166 and you're 1235 00:20:34,166 --> 00:20:35,375 still a dinosaur, 1236 00:20:35,375 --> 00:20:36,583 like. 1237 00:20:36,583 --> 00:20:37,708 So 100%. 1238 00:20:37,708 --> 00:20:39,708 Well, yeah, he. Yeah. 1239 00:20:39,708 --> 00:20:40,000 I mean, 1240 00:20:40,000 --> 00:20:40,875 probably like 1241 00:20:40,875 --> 00:20:41,708 to be fair 1242 00:20:41,708 --> 00:20:43,500 in, in the short 1243 00:20:43,500 --> 00:20:44,875 term, like, 1244 00:20:44,875 --> 00:20:46,041 it certainly lines up 1245 00:20:46,041 --> 00:20:47,333 that the pro Bitcoin 1246 00:20:47,333 --> 00:20:48,208 administration 1247 00:20:48,208 --> 00:20:48,916 is giving 1248 00:20:48,916 --> 00:20:51,333 Wall Street the, 1249 00:20:51,333 --> 00:20:53,000 you know the courage 1250 00:20:53,000 --> 00:20:54,250 or whatever 1251 00:20:54,250 --> 00:20:54,833 to to 1252 00:20:54,833 --> 00:20:56,041 enter the market. But 1253 00:20:57,125 --> 00:20:57,750 I don't think 1254 00:20:57,750 --> 00:20:59,541 bitcoin needed that. 1255 00:20:59,541 --> 00:20:59,916 I think 1256 00:20:59,916 --> 00:21:01,708 the price of Bitcoin 1257 00:21:01,708 --> 00:21:03,750 probably needed that 1258 00:21:03,750 --> 00:21:04,833 in the short term. 1259 00:21:04,833 --> 00:21:05,833 But I think 1260 00:21:05,833 --> 00:21:07,708 oh on the macro 1261 00:21:07,708 --> 00:21:11,416 like my kids in 2078, 1262 00:21:12,208 --> 00:21:13,166 the price of Bitcoin 1263 00:21:13,166 --> 00:21:13,916 doesn't care 1264 00:21:13,916 --> 00:21:15,000 who the president was 1265 00:21:15,000 --> 00:21:16,208 in 2025. 1266 00:21:16,208 --> 00:21:16,625 Like it's 1267 00:21:16,625 --> 00:21:17,541 just it's 1268 00:21:17,541 --> 00:21:19,125 a non it's a non-issue 1269 00:21:19,125 --> 00:21:19,833 for Bitcoin 1270 00:21:19,833 --> 00:21:20,541 on the long term. 1271 00:21:20,541 --> 00:21:22,083 So on the micro 1272 00:21:22,083 --> 00:21:22,833 you know probably if 1273 00:21:22,833 --> 00:21:24,083 Kamala gets in 1274 00:21:24,083 --> 00:21:24,958 Bitcoin dumps 1275 00:21:24,958 --> 00:21:27,958 because like 1276 00:21:27,958 --> 00:21:28,375 you know 1277 00:21:28,375 --> 00:21:29,541 she's a communist 1278 00:21:29,541 --> 00:21:30,541 that hates freedom. 1279 00:21:30,541 --> 00:21:32,041 And so freedom money 1280 00:21:32,041 --> 00:21:32,666 doesn't do well 1281 00:21:32,666 --> 00:21:32,916 under that 1282 00:21:32,916 --> 00:21:33,916 administration 1283 00:21:33,916 --> 00:21:35,666 on the micro. 1284 00:21:35,666 --> 00:21:37,000 That said 1285 00:21:37,000 --> 00:21:37,416 I think 1286 00:21:37,416 --> 00:21:38,375 the three of us 1287 00:21:38,375 --> 00:21:38,833 and I'll speak 1288 00:21:38,833 --> 00:21:39,416 for you guys 1289 00:21:39,416 --> 00:21:39,958 and you can tell me 1290 00:21:39,958 --> 00:21:41,208 where I went wrong, 1291 00:21:41,208 --> 00:21:42,791 is we don't really 1292 00:21:42,791 --> 00:21:43,875 the short term price 1293 00:21:43,875 --> 00:21:44,291 is less 1294 00:21:44,291 --> 00:21:45,541 important to me 1295 00:21:45,541 --> 00:21:45,958 probably than 1296 00:21:45,958 --> 00:21:47,208 it's ever been, 1297 00:21:47,208 --> 00:21:47,666 because I'm 1298 00:21:47,666 --> 00:21:49,583 so focused on 1299 00:21:49,583 --> 00:21:51,541 building responsible 1300 00:21:51,541 --> 00:21:53,125 children and heirs 1301 00:21:53,125 --> 00:21:53,583 that can 1302 00:21:53,583 --> 00:21:54,125 that can 1303 00:21:54,125 --> 00:21:55,125 take the torch, 1304 00:21:55,125 --> 00:21:56,250 so to speak. 1305 00:21:56,250 --> 00:21:57,666 And frankly, 1306 00:21:57,666 --> 00:21:59,958 you know, the 1307 00:21:59,958 --> 00:22:00,333 the higher 1308 00:22:00,333 --> 00:22:00,791 the price of 1309 00:22:00,791 --> 00:22:01,583 Bitcoin goes, 1310 00:22:01,583 --> 00:22:01,916 probably the 1311 00:22:01,916 --> 00:22:02,625 more difficult 1312 00:22:02,625 --> 00:22:03,833 that's going to be 1313 00:22:03,833 --> 00:22:05,250 to like teach 1314 00:22:05,250 --> 00:22:06,416 that responsibility 1315 00:22:06,416 --> 00:22:06,958 and the more 1316 00:22:06,958 --> 00:22:07,500 discipline that 1317 00:22:07,500 --> 00:22:08,291 will be required. 1318 00:22:08,291 --> 00:22:08,791 And so, 1319 00:22:09,791 --> 00:22:11,416 yeah, I think that, 1320 00:22:11,416 --> 00:22:11,833 you know, 1321 00:22:11,833 --> 00:22:12,416 Trump taking 1322 00:22:12,416 --> 00:22:13,916 credit is horribly 1323 00:22:13,916 --> 00:22:15,750 un bitcoin. 1324 00:22:15,750 --> 00:22:17,291 It's horribly, 1325 00:22:17,291 --> 00:22:18,666 you know, shows 1326 00:22:18,666 --> 00:22:19,625 and I and I watched 1327 00:22:19,625 --> 00:22:20,583 both him and RFK 1328 00:22:20,583 --> 00:22:21,375 and Nashville. 1329 00:22:21,375 --> 00:22:22,291 Trump has no idea 1330 00:22:22,291 --> 00:22:22,458 what he's 1331 00:22:22,458 --> 00:22:23,708 talking about. 1332 00:22:23,708 --> 00:22:24,791 He's he's reading 1333 00:22:24,791 --> 00:22:25,708 a script 1334 00:22:25,708 --> 00:22:26,375 that someone 1335 00:22:26,375 --> 00:22:28,083 semi knowledgeable 1336 00:22:28,083 --> 00:22:29,750 wrote for him. 1337 00:22:29,750 --> 00:22:30,291 He's got he's 1338 00:22:30,291 --> 00:22:31,916 got no clue. 1339 00:22:31,916 --> 00:22:33,416 RFK, though, 1340 00:22:33,416 --> 00:22:35,083 he has it. 1341 00:22:35,083 --> 00:22:36,333 RFK is fully 1342 00:22:36,333 --> 00:22:37,083 in the trenches. 1343 00:22:37,083 --> 00:22:38,000 He is with us. 1344 00:22:38,000 --> 00:22:39,750 He understands the big 1345 00:22:39,750 --> 00:22:41,166 the big. 1346 00:22:41,166 --> 00:22:41,375 Yeah, 1347 00:22:41,375 --> 00:22:41,791 he understands 1348 00:22:41,791 --> 00:22:42,833 the protocol and and 1349 00:22:42,833 --> 00:22:43,166 and the 1350 00:22:43,166 --> 00:22:45,166 importance of it. 1351 00:22:45,166 --> 00:22:45,625 And that's 1352 00:22:45,625 --> 00:22:46,333 cool to see, 1353 00:22:46,333 --> 00:22:47,875 but I think largely 1354 00:22:47,875 --> 00:22:48,500 irrelevant to 1355 00:22:48,500 --> 00:22:49,250 the macro. 1356 00:22:49,250 --> 00:22:50,500 Yeah, I totally agree. 1357 00:22:50,500 --> 00:22:51,083 And like. 1358 00:22:51,083 --> 00:22:52,833 But for all 1359 00:22:52,833 --> 00:22:53,958 the Trump tweet, 1360 00:22:53,958 --> 00:22:54,791 don't get me wrong, 1361 00:22:54,791 --> 00:22:56,500 I, I still, 1362 00:22:56,500 --> 00:22:57,375 appreciate 1363 00:22:57,375 --> 00:22:58,541 the trolling 1364 00:22:58,541 --> 00:22:59,375 nature of 1365 00:22:59,375 --> 00:23:00,333 his character 1366 00:23:00,333 --> 00:23:00,958 like that. 1367 00:23:00,958 --> 00:23:01,375 He, 1368 00:23:01,375 --> 00:23:02,791 he sees an opportunity 1369 00:23:02,791 --> 00:23:03,916 to troll someone 1370 00:23:03,916 --> 00:23:04,791 and it just 1371 00:23:04,791 --> 00:23:06,333 it regardless of what 1372 00:23:06,333 --> 00:23:06,833 people are going 1373 00:23:06,833 --> 00:23:07,916 to think about him. 1374 00:23:07,916 --> 00:23:08,583 It's fun to. 1375 00:23:08,583 --> 00:23:09,708 See that, right? 1376 00:23:09,708 --> 00:23:12,083 Yeah. Unprecedented. 1377 00:23:12,083 --> 00:23:12,458 Nice. 1378 00:23:13,708 --> 00:23:14,583 Yeah. 1379 00:23:14,583 --> 00:23:14,916 No. 1380 00:23:14,916 --> 00:23:15,416 So, so 1381 00:23:15,416 --> 00:23:16,458 so it's 1382 00:23:16,458 --> 00:23:18,666 still very funny, but. 1383 00:23:18,666 --> 00:23:19,041 Yeah. 1384 00:23:19,041 --> 00:23:20,250 And I totally agree. 1385 00:23:20,250 --> 00:23:20,958 This is for the 1386 00:23:20,958 --> 00:23:21,625 the long run 1387 00:23:21,625 --> 00:23:22,250 and everything. 1388 00:23:22,250 --> 00:23:22,958 The way I look at 1389 00:23:22,958 --> 00:23:24,750 it is like, 1390 00:23:24,750 --> 00:23:25,416 this thing is 1391 00:23:25,416 --> 00:23:26,458 going to play out 1392 00:23:26,458 --> 00:23:28,875 in one way or another, 1393 00:23:28,875 --> 00:23:29,458 and we're living 1394 00:23:29,458 --> 00:23:30,208 in the timeline 1395 00:23:30,208 --> 00:23:30,791 that we do. 1396 00:23:30,791 --> 00:23:32,708 We can't really alter 1397 00:23:32,708 --> 00:23:33,875 what happens. 1398 00:23:33,875 --> 00:23:35,000 We can alter move. 1399 00:23:35,000 --> 00:23:36,291 We can influence 1400 00:23:36,291 --> 00:23:37,083 our friends here 1401 00:23:37,083 --> 00:23:37,458 and there, 1402 00:23:37,458 --> 00:23:38,458 and we can do this 1403 00:23:38,458 --> 00:23:39,333 and that. 1404 00:23:39,333 --> 00:23:40,166 But on a 1405 00:23:40,166 --> 00:23:40,916 grander scale, 1406 00:23:40,916 --> 00:23:42,041 we all we can do 1407 00:23:42,041 --> 00:23:42,875 is just sit back 1408 00:23:42,875 --> 00:23:43,708 and enjoy the show 1409 00:23:43,708 --> 00:23:44,666 and grab the popcorn 1410 00:23:44,666 --> 00:23:46,541 and see that, like, 1411 00:23:46,541 --> 00:23:47,375 and that's the way 1412 00:23:47,375 --> 00:23:48,125 to tackle this. 1413 00:23:48,125 --> 00:23:49,541 Just relax, 1414 00:23:49,541 --> 00:23:50,666 keep on hodling. 1415 00:23:50,666 --> 00:23:52,208 Stay humble. 1416 00:23:52,208 --> 00:23:53,333 Stack those SATs 1417 00:23:53,333 --> 00:23:54,375 if you can. 1418 00:23:54,375 --> 00:23:55,541 Or just sit there 1419 00:23:55,541 --> 00:23:57,125 and don't overspend 1420 00:23:57,125 --> 00:23:57,958 or anything 1421 00:23:57,958 --> 00:23:58,875 stupid like that. 1422 00:23:58,875 --> 00:23:59,250 Don't fall 1423 00:23:59,250 --> 00:24:00,875 into any luxury 1424 00:24:00,875 --> 00:24:02,416 luxury traps. 1425 00:24:02,416 --> 00:24:03,583 Just leave it. 1426 00:24:03,583 --> 00:24:05,041 Just enjoy the ride. 1427 00:24:05,041 --> 00:24:06,166 It's a great show. 1428 00:24:06,166 --> 00:24:06,958 It's the greatest show 1429 00:24:06,958 --> 00:24:07,666 on Earth. 1430 00:24:07,666 --> 00:24:09,208 Well, it's it's that. 1431 00:24:09,208 --> 00:24:10,708 But it also inherently 1432 00:24:10,708 --> 00:24:11,500 teaches us 1433 00:24:11,500 --> 00:24:13,666 to stop this, 1434 00:24:13,666 --> 00:24:14,916 this guise 1435 00:24:14,916 --> 00:24:16,500 of of investing, 1436 00:24:16,500 --> 00:24:17,250 of gambling 1437 00:24:17,250 --> 00:24:17,916 in order to preserve 1438 00:24:17,916 --> 00:24:19,333 purchasing power. 1439 00:24:19,333 --> 00:24:20,583 It actually, Bitcoin 1440 00:24:20,583 --> 00:24:21,791 really incentivizes 1441 00:24:21,791 --> 00:24:23,166 us to 1442 00:24:23,166 --> 00:24:26,166 go provide value. 1443 00:24:26,500 --> 00:24:27,125 The only way 1444 00:24:27,125 --> 00:24:27,750 you get to stack 1445 00:24:27,750 --> 00:24:28,708 SATs is by 1446 00:24:28,708 --> 00:24:29,958 providing value 1447 00:24:29,958 --> 00:24:31,166 to someone 1448 00:24:31,166 --> 00:24:31,833 or some other 1449 00:24:31,833 --> 00:24:32,625 group of people. 1450 00:24:32,625 --> 00:24:33,458 That's the only way 1451 00:24:33,458 --> 00:24:34,500 you get to do it. 1452 00:24:34,500 --> 00:24:35,458 And Bitcoin 1453 00:24:35,458 --> 00:24:36,250 is just a tool 1454 00:24:36,250 --> 00:24:36,875 to preserve 1455 00:24:36,875 --> 00:24:37,875 that value. 1456 00:24:37,875 --> 00:24:40,291 And so like, 1457 00:24:40,291 --> 00:24:40,625 you know, 1458 00:24:40,625 --> 00:24:41,375 speaking about 1459 00:24:41,375 --> 00:24:41,708 what are 1460 00:24:41,708 --> 00:24:42,333 we supposed to do 1461 00:24:42,333 --> 00:24:42,875 right now. 1462 00:24:42,875 --> 00:24:43,791 It's like sit back, 1463 00:24:43,791 --> 00:24:44,583 watch the ride 1464 00:24:44,583 --> 00:24:45,166 and figure out 1465 00:24:45,166 --> 00:24:46,625 how to provide value. 1466 00:24:46,625 --> 00:24:46,958 Build 1467 00:24:46,958 --> 00:24:47,875 your business, build 1468 00:24:47,875 --> 00:24:48,583 your skills, 1469 00:24:48,583 --> 00:24:49,416 build your value 1470 00:24:49,416 --> 00:24:50,500 creation mechanism 1471 00:24:50,500 --> 00:24:51,000 so that you 1472 00:24:51,000 --> 00:24:52,250 have the ability 1473 00:24:52,250 --> 00:24:53,416 to go out. 1474 00:24:53,416 --> 00:24:54,416 And it doesn't matter. 1475 00:24:54,416 --> 00:24:55,208 Bitcoin at 1476 00:24:55,208 --> 00:24:55,875 100 K 1477 00:24:55,875 --> 00:24:56,208 or Bitcoin 1478 00:24:56,208 --> 00:24:57,333 at 100 million 1479 00:24:57,333 --> 00:24:58,416 is completely 1480 00:24:58,416 --> 00:24:59,333 irrelevant 1481 00:24:59,333 --> 00:25:00,166 because you 1482 00:25:00,166 --> 00:25:00,958 want to provide 1483 00:25:00,958 --> 00:25:02,375 value in the future 1484 00:25:02,375 --> 00:25:03,916 and lock that value 1485 00:25:03,916 --> 00:25:04,541 for an even 1486 00:25:04,541 --> 00:25:05,791 further future. 1487 00:25:05,791 --> 00:25:06,708 And I think 1488 00:25:06,708 --> 00:25:08,041 that that's 1489 00:25:08,041 --> 00:25:09,125 that's the holy grail. 1490 00:25:09,125 --> 00:25:10,666 And so as humanity, 1491 00:25:10,666 --> 00:25:11,208 if we're just 1492 00:25:11,208 --> 00:25:11,916 focused on 1493 00:25:11,916 --> 00:25:12,791 how do we provide 1494 00:25:12,791 --> 00:25:14,458 the most value, 1495 00:25:14,458 --> 00:25:15,125 I think the world's 1496 00:25:15,125 --> 00:25:15,375 gonna look 1497 00:25:15,375 --> 00:25:15,916 pretty sweet. 1498 00:25:17,000 --> 00:25:17,250 Yeah. 1499 00:25:17,250 --> 00:25:17,916 And it's 1500 00:25:17,916 --> 00:25:18,416 there's a flip 1501 00:25:18,416 --> 00:25:18,958 side to that. 1502 00:25:18,958 --> 00:25:19,500 The only way 1503 00:25:19,500 --> 00:25:20,250 to get anything 1504 00:25:20,250 --> 00:25:21,000 out of value 1505 00:25:21,000 --> 00:25:22,333 back for your assets 1506 00:25:22,333 --> 00:25:22,916 is to actually 1507 00:25:22,916 --> 00:25:23,791 spend them. 1508 00:25:23,791 --> 00:25:24,708 Like, you can't 1509 00:25:24,708 --> 00:25:26,375 you can't 1510 00:25:26,375 --> 00:25:27,583 play the Fiat 1511 00:25:27,583 --> 00:25:28,833 Fiat games and 1512 00:25:28,833 --> 00:25:29,958 and leverage 1513 00:25:29,958 --> 00:25:31,000 the fact that you have 1514 00:25:31,000 --> 00:25:31,916 more than others 1515 00:25:31,916 --> 00:25:32,708 and get cheaper 1516 00:25:32,708 --> 00:25:33,708 loans and stuff. 1517 00:25:33,708 --> 00:25:34,416 That doesn't 1518 00:25:34,416 --> 00:25:35,166 work at all 1519 00:25:35,166 --> 00:25:36,208 as well on Bitcoin 1520 00:25:36,208 --> 00:25:37,541 as it does on fiat. 1521 00:25:37,541 --> 00:25:38,000 Totally. 1522 00:25:38,000 --> 00:25:39,000 I see 1523 00:25:39,000 --> 00:25:40,500 all these larps on 1524 00:25:40,500 --> 00:25:41,458 X talking 1525 00:25:41,458 --> 00:25:42,916 like I never sell 1526 00:25:42,916 --> 00:25:43,833 a bitcoin 1527 00:25:43,833 --> 00:25:44,375 and I always 1528 00:25:44,375 --> 00:25:45,375 respond, oh, 1529 00:25:45,375 --> 00:25:45,791 that's fine, 1530 00:25:45,791 --> 00:25:46,291 you just aren't 1531 00:25:46,291 --> 00:25:47,291 all in yet. 1532 00:25:47,291 --> 00:25:47,666 And they're like, 1533 00:25:47,666 --> 00:25:48,208 oh, I'm a bit, 1534 00:25:48,208 --> 00:25:48,875 I'm a maxi. 1535 00:25:48,875 --> 00:25:49,291 I'm all in. 1536 00:25:49,291 --> 00:25:49,500 What are you 1537 00:25:49,500 --> 00:25:49,833 talking about? 1538 00:25:49,833 --> 00:25:50,416 It's like, well, 1539 00:25:50,416 --> 00:25:50,750 if you don't 1540 00:25:50,750 --> 00:25:51,916 spend bitcoin, 1541 00:25:51,916 --> 00:25:52,708 I mean you're eating. 1542 00:25:52,708 --> 00:25:53,583 How do you survive? 1543 00:25:53,583 --> 00:25:54,125 Yeah, yeah. 1544 00:25:54,125 --> 00:25:54,958 You have a house 1545 00:25:54,958 --> 00:25:55,625 I assume. 1546 00:25:55,625 --> 00:25:57,125 Like you drive a car, 1547 00:25:57,125 --> 00:25:57,833 you go have 1548 00:25:57,833 --> 00:25:58,958 a coffee, use 1549 00:25:58,958 --> 00:25:59,541 you have shoes 1550 00:25:59,541 --> 00:26:00,458 on your feet. 1551 00:26:00,458 --> 00:26:01,000 How do you 1552 00:26:01,000 --> 00:26:01,708 how do you buy that. 1553 00:26:01,708 --> 00:26:02,833 Well I use my feet. 1554 00:26:02,833 --> 00:26:03,083 It's like, 1555 00:26:03,083 --> 00:26:03,666 oh yeah, 1556 00:26:03,666 --> 00:26:04,166 you have fiat. 1557 00:26:04,166 --> 00:26:04,791 So you're not all in. 1558 00:26:04,791 --> 00:26:05,250 That's fine. 1559 00:26:05,250 --> 00:26:05,666 You just aren't 1560 00:26:05,666 --> 00:26:06,750 all in, like, 1561 00:26:06,750 --> 00:26:08,083 cool it with this. 1562 00:26:08,083 --> 00:26:08,916 Like I. Am. 1563 00:26:08,916 --> 00:26:09,541 So good 1564 00:26:09,541 --> 00:26:10,583 because I am maxi. 1565 00:26:10,583 --> 00:26:11,375 I never sell 1566 00:26:11,375 --> 00:26:12,166 diamond hands. 1567 00:26:12,166 --> 00:26:12,666 It's like, no, 1568 00:26:12,666 --> 00:26:12,875 that's not 1569 00:26:12,875 --> 00:26:14,083 how money works. 1570 00:26:14,083 --> 00:26:14,666 Money works 1571 00:26:14,666 --> 00:26:15,125 in such a way 1572 00:26:15,125 --> 00:26:15,375 where you 1573 00:26:15,375 --> 00:26:16,625 provide value, 1574 00:26:16,625 --> 00:26:18,125 you receive money, 1575 00:26:18,125 --> 00:26:19,291 some unit of account, 1576 00:26:19,291 --> 00:26:20,041 and then you spend 1577 00:26:20,041 --> 00:26:21,208 less than that. 1578 00:26:21,208 --> 00:26:22,708 And the future of you 1579 00:26:22,708 --> 00:26:24,375 benefits for the 1580 00:26:24,375 --> 00:26:25,375 for the delta. 1581 00:26:25,375 --> 00:26:26,500 And it's like 1582 00:26:26,500 --> 00:26:27,958 be all in 1583 00:26:27,958 --> 00:26:30,416 and spend SATs. 1584 00:26:30,416 --> 00:26:30,666 That's why 1585 00:26:30,666 --> 00:26:32,000 you have to do. 1586 00:26:32,000 --> 00:26:33,000 Spend and replace 1587 00:26:33,000 --> 00:26:34,000 right? 1588 00:26:34,000 --> 00:26:34,291 Yeah. 1589 00:26:34,291 --> 00:26:34,833 Spend and 1590 00:26:34,833 --> 00:26:36,333 spend and replace 1591 00:26:36,333 --> 00:26:38,375 like or even just work 1592 00:26:38,375 --> 00:26:39,291 and then spend 1593 00:26:39,291 --> 00:26:40,250 like working 1594 00:26:40,250 --> 00:26:41,291 then spend with that. 1595 00:26:41,291 --> 00:26:41,875 That is 1596 00:26:41,875 --> 00:26:43,458 that is replacing 1597 00:26:43,458 --> 00:26:44,250 right. Yeah. Yeah. 1598 00:26:44,250 --> 00:26:45,166 Exactly. Exactly. 1599 00:26:45,166 --> 00:26:46,416 It's like it's it's 1600 00:26:46,416 --> 00:26:47,750 kind of like 1601 00:26:47,750 --> 00:26:48,791 what's, what's the 1602 00:26:48,791 --> 00:26:50,833 what's the replaces 1603 00:26:50,833 --> 00:26:51,458 is a is 1604 00:26:51,458 --> 00:26:52,958 a future tense. 1605 00:26:52,958 --> 00:26:53,833 What's the previous 1606 00:26:53,833 --> 00:26:54,458 tense is just 1607 00:26:54,458 --> 00:26:55,125 spending like, 1608 00:26:55,125 --> 00:26:56,000 it's like 1609 00:26:56,000 --> 00:26:56,958 if you work 1610 00:26:56,958 --> 00:26:58,333 and make one widget 1611 00:26:58,333 --> 00:26:59,666 and you can live on 1612 00:26:59,666 --> 00:27:00,875 point five, 1613 00:27:00,875 --> 00:27:02,041 then you do 1614 00:27:02,041 --> 00:27:02,625 a good thing, 1615 00:27:02,625 --> 00:27:03,208 that's great. 1616 00:27:03,208 --> 00:27:04,083 You get, you know, 1617 00:27:04,083 --> 00:27:05,041 you get to save point 1618 00:27:05,041 --> 00:27:06,541 five of your value. 1619 00:27:06,541 --> 00:27:07,416 And that's, 1620 00:27:07,416 --> 00:27:08,250 that's remarkable. 1621 00:27:08,250 --> 00:27:09,416 So I think it's like, 1622 00:27:09,416 --> 00:27:10,541 it's a consumption 1623 00:27:10,541 --> 00:27:11,666 versus production 1624 00:27:11,666 --> 00:27:12,958 kind of formula 1625 00:27:12,958 --> 00:27:14,166 that the world 1626 00:27:14,166 --> 00:27:14,750 just needs 1627 00:27:14,750 --> 00:27:16,625 to completely 1628 00:27:16,625 --> 00:27:17,166 unlearn 1629 00:27:17,166 --> 00:27:18,541 the old formula 1630 00:27:18,541 --> 00:27:19,708 and now relearn 1631 00:27:19,708 --> 00:27:20,666 the Bitcoin formula, 1632 00:27:20,666 --> 00:27:21,875 which is it's a 1633 00:27:21,875 --> 00:27:23,166 it's a culture shift 1634 00:27:23,166 --> 00:27:24,583 across the planet 1635 00:27:24,583 --> 00:27:25,833 like it is. 1636 00:27:25,833 --> 00:27:26,583 It is insane. 1637 00:27:26,583 --> 00:27:27,125 Going from a 1638 00:27:27,125 --> 00:27:28,458 credit system 1639 00:27:28,458 --> 00:27:29,041 to a money 1640 00:27:29,041 --> 00:27:29,666 system 1641 00:27:29,666 --> 00:27:31,916 is astronomical. 1642 00:27:31,916 --> 00:27:32,708 No, it's it's 1643 00:27:32,708 --> 00:27:33,666 absolutely insane 1644 00:27:33,666 --> 00:27:34,583 because you 1645 00:27:34,583 --> 00:27:35,125 literally have 1646 00:27:35,125 --> 00:27:36,416 to unlearn everything 1647 00:27:36,416 --> 00:27:36,958 you've learned 1648 00:27:36,958 --> 00:27:37,541 about 1649 00:27:37,541 --> 00:27:38,833 commerce and money 1650 00:27:38,833 --> 00:27:39,666 and finance 1651 00:27:39,666 --> 00:27:40,708 and all of it. 1652 00:27:40,708 --> 00:27:41,083 Totally. 1653 00:27:41,083 --> 00:27:42,125 Because like on, on a 1654 00:27:42,125 --> 00:27:42,666 in a hyper 1655 00:27:42,666 --> 00:27:43,166 bitcoin eyes 1656 00:27:43,166 --> 00:27:44,791 where it's not gold, 1657 00:27:44,791 --> 00:27:45,500 it's, it's 1658 00:27:45,500 --> 00:27:46,500 way, way, way 1659 00:27:48,041 --> 00:27:50,166 more resistant 1660 00:27:50,166 --> 00:27:50,916 to inflation 1661 00:27:50,916 --> 00:27:52,125 than gold. 1662 00:27:52,125 --> 00:27:53,791 Because but 1663 00:27:53,791 --> 00:27:54,708 the more miners 1664 00:27:54,708 --> 00:27:56,791 that come online, the, 1665 00:27:56,791 --> 00:27:57,666 the more gold 1666 00:27:57,666 --> 00:27:58,291 is produced 1667 00:27:58,291 --> 00:28:00,250 per time unit. 1668 00:28:00,250 --> 00:28:01,416 Not true for Bitcoin. 1669 00:28:01,416 --> 00:28:02,458 It stays the same. 1670 00:28:02,458 --> 00:28:03,208 The issuance rate 1671 00:28:03,208 --> 00:28:04,333 stays the same. 1672 00:28:04,333 --> 00:28:04,750 And we're 1673 00:28:04,750 --> 00:28:05,375 almost there. 1674 00:28:05,375 --> 00:28:05,791 We're 1675 00:28:05,791 --> 00:28:07,125 almost mined all the 1676 00:28:07,125 --> 00:28:08,625 all the bitcoins 1677 00:28:08,625 --> 00:28:09,875 like the last coin 1678 00:28:09,875 --> 00:28:10,416 will take like 1679 00:28:10,416 --> 00:28:12,291 40 years to find. 1680 00:28:12,291 --> 00:28:13,750 I know that 1681 00:28:13,750 --> 00:28:14,708 blew my mind 1682 00:28:14,708 --> 00:28:15,541 when I heard that 1683 00:28:15,541 --> 00:28:16,125 that something 1684 00:28:16,125 --> 00:28:17,625 like in 20 years, 1685 00:28:17,625 --> 00:28:18,083 the block 1686 00:28:18,083 --> 00:28:19,541 reward will be like, 1687 00:28:19,541 --> 00:28:20,041 what is it, 1688 00:28:20,041 --> 00:28:21,375 30,000 sats 1689 00:28:21,375 --> 00:28:22,125 or something? 1690 00:28:22,125 --> 00:28:23,583 Yeah, yeah. 1691 00:28:23,583 --> 00:28:24,833 It's like, 1692 00:28:24,833 --> 00:28:26,541 it's like 92% 1693 00:28:26,541 --> 00:28:27,958 the first 12 years 1694 00:28:27,958 --> 00:28:28,500 and then 1695 00:28:28,500 --> 00:28:31,083 5% the next 12 years, 1696 00:28:31,083 --> 00:28:32,166 and then, 1697 00:28:32,166 --> 00:28:33,000 yeah, that's it. 1698 00:28:33,000 --> 00:28:34,291 The last 3%. 1699 00:28:34,291 --> 00:28:34,916 That's the other 1700 00:28:34,916 --> 00:28:35,958 hundred years. 1701 00:28:35,958 --> 00:28:37,458 And most people. 1702 00:28:37,458 --> 00:28:39,083 Like I struggle. 1703 00:28:39,083 --> 00:28:39,375 Look, 1704 00:28:39,375 --> 00:28:39,958 I guess 1705 00:28:39,958 --> 00:28:40,375 I can kind of see 1706 00:28:40,375 --> 00:28:41,583 their point around 1707 00:28:41,583 --> 00:28:42,083 like gold 1708 00:28:42,083 --> 00:28:42,750 but struggling 1709 00:28:42,750 --> 00:28:43,708 to get in here. 1710 00:28:43,708 --> 00:28:44,541 They have a hard time 1711 00:28:44,541 --> 00:28:45,416 detaching 1712 00:28:45,416 --> 00:28:46,625 the physicality from 1713 00:28:46,625 --> 00:28:48,000 the digital realm. 1714 00:28:49,291 --> 00:28:50,583 But the digital 1715 00:28:50,583 --> 00:28:51,541 nature is actually 1716 00:28:51,541 --> 00:28:52,791 the only reason 1717 00:28:52,791 --> 00:28:54,666 Bitcoin can work, 1718 00:28:54,666 --> 00:28:55,458 because you're able 1719 00:28:55,458 --> 00:28:56,166 to actually 1720 00:28:56,166 --> 00:28:57,125 amass value 1721 00:28:57,125 --> 00:28:58,208 without your costs 1722 00:28:58,208 --> 00:28:58,708 rising. 1723 00:28:58,708 --> 00:28:59,333 Holt storing 1724 00:28:59,333 --> 00:29:00,416 $100 million of gold 1725 00:29:00,416 --> 00:29:00,833 is very 1726 00:29:00,833 --> 00:29:02,000 very difficult. 1727 00:29:02,000 --> 00:29:02,458 Difficult 1728 00:29:02,458 --> 00:29:03,333 to spend, difficult 1729 00:29:03,333 --> 00:29:03,666 to move. 1730 00:29:03,666 --> 00:29:04,291 The physical 1731 00:29:04,291 --> 00:29:05,666 restraints 1732 00:29:05,666 --> 00:29:06,666 of previous 1733 00:29:06,666 --> 00:29:08,208 versions of money 1734 00:29:08,208 --> 00:29:09,000 have have been 1735 00:29:09,000 --> 00:29:11,875 impossible to, 1736 00:29:11,875 --> 00:29:13,125 to overcome. 1737 00:29:13,125 --> 00:29:14,250 And now, 1738 00:29:14,250 --> 00:29:15,208 I mean, the fact 1739 00:29:15,208 --> 00:29:15,750 that you can carry 1740 00:29:15,750 --> 00:29:16,166 around 1741 00:29:16,166 --> 00:29:17,125 generational wealth 1742 00:29:17,125 --> 00:29:18,000 on an SD card 1743 00:29:18,000 --> 00:29:19,583 is pretty insane. 1744 00:29:19,583 --> 00:29:19,833 Yeah. 1745 00:29:19,833 --> 00:29:20,208 Are you 1746 00:29:20,208 --> 00:29:21,125 aware of the 1747 00:29:21,125 --> 00:29:24,125 idea of element zero? 1748 00:29:24,166 --> 00:29:24,791 No, I don't think so. 1749 00:29:24,791 --> 00:29:25,250 This is 1750 00:29:25,250 --> 00:29:26,333 this is an idea 1751 00:29:26,333 --> 00:29:28,083 I heard from, 1752 00:29:28,083 --> 00:29:28,541 a grape 1753 00:29:28,541 --> 00:29:29,000 by Corona 1754 00:29:29,000 --> 00:29:30,458 called your hamster. 1755 00:29:30,458 --> 00:29:33,083 So I had to, like, 1756 00:29:33,083 --> 00:29:33,875 when I saw it, 1757 00:29:33,875 --> 00:29:34,750 like you gave 1758 00:29:34,750 --> 00:29:36,958 a presentation, 1759 00:29:36,958 --> 00:29:37,500 about it. 1760 00:29:37,500 --> 00:29:38,583 But his kind of nerdy 1761 00:29:38,583 --> 00:29:39,875 presentation, 1762 00:29:39,875 --> 00:29:41,458 it's a German guy, 1763 00:29:41,458 --> 00:29:42,458 so he's got this 1764 00:29:42,458 --> 00:29:43,291 German accent 1765 00:29:43,291 --> 00:29:44,000 and speaks 1766 00:29:44,000 --> 00:29:44,375 in a very 1767 00:29:44,375 --> 00:29:45,583 engineering way. 1768 00:29:45,583 --> 00:29:46,291 So I thought 1769 00:29:46,291 --> 00:29:47,000 this has to go 1770 00:29:47,000 --> 00:29:47,666 into my book. 1771 00:29:47,666 --> 00:29:48,916 So he went into the 1772 00:29:48,916 --> 00:29:49,791 everything divided 1773 00:29:49,791 --> 00:29:50,791 book, and I 1774 00:29:50,791 --> 00:29:51,958 rewrote it and, 1775 00:29:53,041 --> 00:29:53,708 tried to make 1776 00:29:53,708 --> 00:29:55,375 it more like, 1777 00:29:55,375 --> 00:29:56,083 entertaining. 1778 00:29:56,083 --> 00:29:56,666 I don't know if I 1779 00:29:56,666 --> 00:29:57,416 succeeded or not, 1780 00:29:57,416 --> 00:29:58,708 but we made a, 1781 00:29:58,708 --> 00:29:59,666 a little video 1782 00:29:59,666 --> 00:30:00,583 out of it, 1783 00:30:00,583 --> 00:30:01,666 called Element Zeros. 1784 00:30:01,666 --> 00:30:02,875 If you Google 1785 00:30:02,875 --> 00:30:03,666 Bitcoin element 1786 00:30:03,666 --> 00:30:04,500 zero, there's 1787 00:30:04,500 --> 00:30:06,250 an animation by a guy 1788 00:30:06,250 --> 00:30:07,291 called the Yoni 1789 00:30:07,291 --> 00:30:10,166 Apple berg. And, 1790 00:30:10,166 --> 00:30:10,750 yeah, it's 1791 00:30:10,750 --> 00:30:12,875 about how the, 1792 00:30:12,875 --> 00:30:14,666 you can, you can, 1793 00:30:14,666 --> 00:30:16,041 view Bitcoin as a, 1794 00:30:16,041 --> 00:30:17,291 as a new element 1795 00:30:17,291 --> 00:30:19,166 on the periodic table, 1796 00:30:19,166 --> 00:30:20,375 but it differs 1797 00:30:20,375 --> 00:30:21,000 from all other 1798 00:30:21,000 --> 00:30:21,541 elements 1799 00:30:21,541 --> 00:30:22,208 because it doesn't 1800 00:30:22,208 --> 00:30:23,041 have protons 1801 00:30:23,041 --> 00:30:24,333 or neutrons, 1802 00:30:24,333 --> 00:30:25,333 only electrons. 1803 00:30:25,333 --> 00:30:26,250 So it's an it's 1804 00:30:26,250 --> 00:30:26,750 an element 1805 00:30:26,750 --> 00:30:27,666 without completely 1806 00:30:27,666 --> 00:30:29,375 without mass, 1807 00:30:29,375 --> 00:30:30,416 which means that 1808 00:30:30,416 --> 00:30:31,375 it's made up 1809 00:30:31,375 --> 00:30:31,958 entirely out 1810 00:30:31,958 --> 00:30:32,791 of information. 1811 00:30:32,791 --> 00:30:33,958 But it behaves 1812 00:30:33,958 --> 00:30:34,833 like an element 1813 00:30:34,833 --> 00:30:35,583 in the sense 1814 00:30:35,583 --> 00:30:36,250 that you can't 1815 00:30:36,250 --> 00:30:36,958 destroy it 1816 00:30:36,958 --> 00:30:37,625 very easily 1817 00:30:37,625 --> 00:30:38,916 without without 1818 00:30:38,916 --> 00:30:39,750 massive amounts 1819 00:30:39,750 --> 00:30:40,666 of energy, 1820 00:30:40,666 --> 00:30:41,541 and you can't 1821 00:30:41,541 --> 00:30:42,791 create more of it 1822 00:30:42,791 --> 00:30:43,625 without massive 1823 00:30:43,625 --> 00:30:44,500 amounts of energy. 1824 00:30:45,708 --> 00:30:46,500 Or you can 1825 00:30:46,500 --> 00:30:47,125 create that other 1826 00:30:47,125 --> 00:30:49,708 thing there. 1827 00:30:49,708 --> 00:30:50,750 But 1828 00:30:50,750 --> 00:30:51,916 in all other senses 1829 00:30:51,916 --> 00:30:52,500 it sort of 1830 00:30:52,500 --> 00:30:53,750 behaves like, 1831 00:30:53,750 --> 00:30:54,875 an element. 1832 00:30:54,875 --> 00:30:55,750 But since it's made 1833 00:30:55,750 --> 00:30:56,583 up of information, 1834 00:30:56,583 --> 00:30:58,250 only the information 1835 00:30:58,250 --> 00:30:59,375 about the element 1836 00:30:59,375 --> 00:31:00,333 is the element. 1837 00:31:00,333 --> 00:31:00,583 There is 1838 00:31:00,583 --> 00:31:01,500 no distinction 1839 00:31:01,500 --> 00:31:01,875 between 1840 00:31:01,875 --> 00:31:02,500 the information 1841 00:31:02,500 --> 00:31:03,000 about it. 1842 00:31:03,000 --> 00:31:04,541 And it's. All. 1843 00:31:04,541 --> 00:31:06,833 So a which is, 1844 00:31:06,833 --> 00:31:07,833 and, you know, 1845 00:31:07,833 --> 00:31:08,500 as you know, 1846 00:31:08,500 --> 00:31:09,958 like knowing 1847 00:31:09,958 --> 00:31:11,250 the secret, 1848 00:31:11,250 --> 00:31:12,458 knowing a private key 1849 00:31:12,458 --> 00:31:13,416 to a, 1850 00:31:13,416 --> 00:31:14,291 that unlocks 1851 00:31:14,291 --> 00:31:15,041 a certain amount 1852 00:31:15,041 --> 00:31:16,375 of satoshis 1853 00:31:16,375 --> 00:31:17,458 is those satoshis 1854 00:31:17,458 --> 00:31:18,291 that they're the one 1855 00:31:18,291 --> 00:31:18,833 and the same. 1856 00:31:18,833 --> 00:31:19,416 The satoshis 1857 00:31:19,416 --> 00:31:20,250 don't really exist. 1858 00:31:20,250 --> 00:31:20,791 They don't know 1859 00:31:20,791 --> 00:31:22,166 the Satoshi's. 1860 00:31:22,166 --> 00:31:23,166 The ability to move. 1861 00:31:23,166 --> 00:31:23,791 The satoshis 1862 00:31:23,791 --> 00:31:24,916 is never online. 1863 00:31:24,916 --> 00:31:26,791 It's only a is. 1864 00:31:26,791 --> 00:31:27,500 It's only 1865 00:31:27,500 --> 00:31:29,166 and can only be 1866 00:31:29,166 --> 00:31:30,541 within a human mind 1867 00:31:30,541 --> 00:31:31,083 somewhere. 1868 00:31:31,083 --> 00:31:32,208 It's always someone 1869 00:31:32,208 --> 00:31:33,166 keeping a secret 1870 00:31:33,166 --> 00:31:34,541 from someone else. 1871 00:31:34,541 --> 00:31:36,041 And the only reason 1872 00:31:36,041 --> 00:31:36,791 that we think 1873 00:31:36,791 --> 00:31:37,250 that this 1874 00:31:37,250 --> 00:31:38,333 secret is worth 1875 00:31:38,333 --> 00:31:39,541 something is 1876 00:31:39,541 --> 00:31:40,500 because we know 1877 00:31:40,500 --> 00:31:41,833 the improbability 1878 00:31:41,833 --> 00:31:42,958 of someone else 1879 00:31:42,958 --> 00:31:43,791 guessing the 1880 00:31:43,791 --> 00:31:45,416 secret correctly. 1881 00:31:45,416 --> 00:31:45,708 So? 1882 00:31:45,708 --> 00:31:47,958 So yeah, I like that. 1883 00:31:47,958 --> 00:31:48,958 Yes, but 1884 00:31:48,958 --> 00:31:49,625 but at the end 1885 00:31:49,625 --> 00:31:50,250 of the day, it's 1886 00:31:50,250 --> 00:31:51,291 just information 1887 00:31:51,291 --> 00:31:51,958 just isn't. 1888 00:31:51,958 --> 00:31:52,458 It's just a 1889 00:31:52,458 --> 00:31:54,416 goddamn number 1890 00:31:54,416 --> 00:31:55,291 or it's just 12. 1891 00:31:55,291 --> 00:31:56,625 God. Binary truth. 1892 00:31:56,625 --> 00:31:57,666 Yeah, it's binary too. 1893 00:31:57,666 --> 00:31:58,833 It's just just 1894 00:31:58,833 --> 00:31:59,541 flip flop, flip 1895 00:31:59,541 --> 00:32:00,125 flop flip flip 1896 00:32:00,125 --> 00:32:00,833 flip flip flop, 1897 00:32:00,833 --> 00:32:01,500 flip of a flip, 1898 00:32:01,500 --> 00:32:02,791 flip flop flop, flip 1899 00:32:02,791 --> 00:32:04,000 flip flop, flip flop. 1900 00:32:04,000 --> 00:32:04,625 That's a 1901 00:32:04,625 --> 00:32:05,583 Bitcoin private key. 1902 00:32:06,750 --> 00:32:07,541 And you can, you 1903 00:32:07,541 --> 00:32:09,625 can throw a dice, 1904 00:32:09,625 --> 00:32:11,041 99 times 1905 00:32:11,041 --> 00:32:11,500 or flip 1906 00:32:11,500 --> 00:32:13,250 a coin 256 times 1907 00:32:13,250 --> 00:32:13,875 and you have a 1908 00:32:13,875 --> 00:32:14,583 Bitcoin address 1909 00:32:14,583 --> 00:32:15,541 that you can send 1910 00:32:15,541 --> 00:32:17,166 Bitcoin to. Right. 1911 00:32:17,166 --> 00:32:18,541 Or you give. Me 1912 00:32:18,541 --> 00:32:19,666 on my test. 1913 00:32:19,666 --> 00:32:20,666 But we just made 1914 00:32:20,666 --> 00:32:22,083 these little. 1915 00:32:22,083 --> 00:32:22,583 Oh you. 1916 00:32:22,583 --> 00:32:23,000 Call him 1917 00:32:23,000 --> 00:32:23,541 we call them 1918 00:32:23,541 --> 00:32:24,750 entropy pouches. 1919 00:32:24,750 --> 00:32:25,166 Yeah. Yeah. 1920 00:32:25,166 --> 00:32:26,333 And it's a little tiny 1921 00:32:26,333 --> 00:32:27,416 pouch which has 1922 00:32:27,416 --> 00:32:30,000 and it comes with 50 1923 00:32:30,000 --> 00:32:31,500 50 tiny tiny dice. 1924 00:32:31,500 --> 00:32:31,916 We actually 1925 00:32:31,916 --> 00:32:32,916 I didn't think 100 1926 00:32:32,916 --> 00:32:33,583 would fit, but it. 1927 00:32:33,583 --> 00:32:34,375 Well, I was just. 1928 00:32:34,375 --> 00:32:35,833 I'm like, hey, 1929 00:32:35,833 --> 00:32:36,416 we say roll it 1930 00:32:36,416 --> 00:32:36,958 three times, 1931 00:32:36,958 --> 00:32:37,500 I roll the dice 1932 00:32:37,500 --> 00:32:38,291 three times, 1933 00:32:38,291 --> 00:32:39,000 but we're 1934 00:32:39,000 --> 00:32:39,416 going to just 1935 00:32:39,416 --> 00:32:40,083 add 100 in, 1936 00:32:40,083 --> 00:32:40,625 and then you just get 1937 00:32:40,625 --> 00:32:41,250 all your entropy 1938 00:32:41,250 --> 00:32:42,458 in one. Yeah. 1939 00:32:42,458 --> 00:32:45,458 And it is, it is, 1940 00:32:45,583 --> 00:32:47,458 it is so empowering 1941 00:32:47,458 --> 00:32:48,166 to think 1942 00:32:48,166 --> 00:32:49,708 that you can 1943 00:32:49,708 --> 00:32:50,458 literally do 1944 00:32:50,458 --> 00:32:51,000 as you say, 1945 00:32:51,000 --> 00:32:52,000 roll a dice 1946 00:32:52,000 --> 00:32:53,208 100 times 1947 00:32:53,208 --> 00:32:54,958 and have entropy 1948 00:32:54,958 --> 00:32:56,041 for generations. 1949 00:32:56,041 --> 00:32:56,791 Hang on a minute. 1950 00:32:56,791 --> 00:32:58,416 Other 16 sided die. 1951 00:33:00,125 --> 00:33:00,541 Yeah. 1952 00:33:00,541 --> 00:33:02,666 So there there are. 1953 00:33:02,666 --> 00:33:03,958 There's a 20 1954 00:33:03,958 --> 00:33:04,916 and the 12 1955 00:33:04,916 --> 00:33:05,583 I know those 1956 00:33:05,583 --> 00:33:06,541 and the T ten 1957 00:33:06,541 --> 00:33:07,500 and the T four 1958 00:33:07,500 --> 00:33:08,333 and the T six 1959 00:33:08,333 --> 00:33:09,750 and the T eight. 1960 00:33:09,750 --> 00:33:12,750 But is there a T 16 I. 1961 00:33:12,750 --> 00:33:14,541 I'm pretty sure there, 1962 00:33:14,541 --> 00:33:15,125 there is. 1963 00:33:15,125 --> 00:33:16,791 I saw one at in 1964 00:33:16,791 --> 00:33:17,583 El Salvador 1965 00:33:17,583 --> 00:33:18,208 at the Bitcoin 1966 00:33:18,208 --> 00:33:21,166 hardware store. 1967 00:33:21,166 --> 00:33:22,416 There's 1968 00:33:22,416 --> 00:33:25,250 there's a die and it's 1969 00:33:25,250 --> 00:33:25,958 I'm trying to think 1970 00:33:25,958 --> 00:33:28,416 I'm pretty sure it is, 1971 00:33:28,416 --> 00:33:30,041 16 sided and, 1972 00:33:30,041 --> 00:33:30,875 but it's all zeros 1973 00:33:30,875 --> 00:33:31,416 and ones. 1974 00:33:31,416 --> 00:33:34,416 Have you seen that? 1975 00:33:34,916 --> 00:33:36,291 The I've seen 1976 00:33:36,291 --> 00:33:37,833 all zeros and ones. 1977 00:33:37,833 --> 00:33:39,375 But like that, the, 1978 00:33:39,375 --> 00:33:40,000 the reason 1979 00:33:40,000 --> 00:33:41,375 I'm saying 16 1980 00:33:41,375 --> 00:33:42,000 sided is 1981 00:33:42,000 --> 00:33:43,458 of course hexadecimal. 1982 00:33:43,458 --> 00:33:45,416 So it would be like so 1983 00:33:45,416 --> 00:33:48,208 123456789 abs 1984 00:33:48,208 --> 00:33:49,833 to up to f. 1985 00:33:49,833 --> 00:33:50,250 Okay. 1986 00:33:50,250 --> 00:33:50,916 And know 1987 00:33:50,916 --> 00:33:51,708 I don't either. 1988 00:33:51,708 --> 00:33:52,000 So you know 1989 00:33:52,000 --> 00:33:52,833 that actually 1990 00:33:52,833 --> 00:33:53,916 actually a roll it. 1991 00:33:53,916 --> 00:33:55,291 Like how many 1992 00:33:55,291 --> 00:33:56,250 how many letters 1993 00:33:56,250 --> 00:33:56,625 are there. 1994 00:33:56,625 --> 00:33:58,000 Like how many digits. 1995 00:33:58,000 --> 00:33:58,458 That's like 1996 00:33:58,458 --> 00:34:00,166 30 or something. 1997 00:34:00,166 --> 00:34:01,125 So you could actually, 1998 00:34:02,125 --> 00:34:04,500 roll a 16 sided die 1999 00:34:04,500 --> 00:34:05,208 30 times. 2000 00:34:05,208 --> 00:34:06,041 Am I doing the math 2001 00:34:06,041 --> 00:34:06,666 right here? 2002 00:34:06,666 --> 00:34:08,000 Who's good with maths? 2003 00:34:08,000 --> 00:34:09,000 No. Okay. 2004 00:34:09,000 --> 00:34:09,875 I don't know. 2005 00:34:09,875 --> 00:34:10,708 You're you've 2006 00:34:10,708 --> 00:34:11,708 definitely lost me. 2007 00:34:11,708 --> 00:34:12,875 I, I just like 2008 00:34:12,875 --> 00:34:13,500 the little six 2009 00:34:13,500 --> 00:34:14,166 sided die 2010 00:34:14,166 --> 00:34:14,583 that you roll 2011 00:34:14,583 --> 00:34:15,875 100 times. That seems. 2012 00:34:15,875 --> 00:34:16,291 Yeah, yeah, 2013 00:34:16,291 --> 00:34:16,958 I just, 2014 00:34:16,958 --> 00:34:17,791 the most obvious 2015 00:34:17,791 --> 00:34:20,291 one to do, but 2016 00:34:20,291 --> 00:34:21,666 it is cool for. 2017 00:34:21,666 --> 00:34:22,333 Well, two things 2018 00:34:22,333 --> 00:34:23,125 coming to mind there. 2019 00:34:23,125 --> 00:34:23,916 One, the fact 2020 00:34:23,916 --> 00:34:24,208 that we can 2021 00:34:24,208 --> 00:34:24,541 just do 2022 00:34:24,541 --> 00:34:25,625 that offline 2023 00:34:25,625 --> 00:34:26,625 with something 2024 00:34:26,625 --> 00:34:27,541 that my four year 2025 00:34:27,541 --> 00:34:28,333 old plays with 2026 00:34:28,333 --> 00:34:29,583 is pretty sick. 2027 00:34:29,583 --> 00:34:29,875 But then 2028 00:34:29,875 --> 00:34:30,875 the other one 2029 00:34:30,875 --> 00:34:32,458 is, the fact 2030 00:34:32,458 --> 00:34:33,250 that you can do it 2031 00:34:33,250 --> 00:34:34,041 multiple 2032 00:34:34,041 --> 00:34:35,083 different ways 2033 00:34:35,083 --> 00:34:36,541 to achieve, 2034 00:34:36,541 --> 00:34:36,916 you know, 2035 00:34:36,916 --> 00:34:37,916 a different result 2036 00:34:37,916 --> 00:34:38,916 in the same way. 2037 00:34:38,916 --> 00:34:40,625 It's like, yeah, 2038 00:34:40,625 --> 00:34:41,250 you know, it's 2039 00:34:41,250 --> 00:34:43,375 not just dice it 2040 00:34:43,375 --> 00:34:43,625 or it's 2041 00:34:43,625 --> 00:34:44,291 not just numbers. 2042 00:34:44,291 --> 00:34:44,916 They can be numbers 2043 00:34:44,916 --> 00:34:45,375 and letters 2044 00:34:45,375 --> 00:34:46,750 and it just all 2045 00:34:46,750 --> 00:34:48,000 word randomness. 2046 00:34:48,000 --> 00:34:49,458 All we need is entropy 2047 00:34:49,458 --> 00:34:50,791 and randomness 2048 00:34:50,791 --> 00:34:52,125 in order to 2049 00:34:52,125 --> 00:34:53,375 preserve our value. 2050 00:34:53,375 --> 00:34:53,791 And that's 2051 00:34:53,791 --> 00:34:55,833 such an empowering 2052 00:34:55,833 --> 00:34:57,083 I, I know that's more 2053 00:34:57,083 --> 00:34:57,958 of a cryptography 2054 00:34:57,958 --> 00:34:58,458 thing than a 2055 00:34:58,458 --> 00:34:59,041 money thing. 2056 00:34:59,041 --> 00:34:59,375 And that's 2057 00:34:59,375 --> 00:35:00,208 and that's the basis 2058 00:35:00,208 --> 00:35:01,083 of, of 2059 00:35:01,083 --> 00:35:02,166 of cryptography, 2060 00:35:03,416 --> 00:35:04,125 primarily for 2061 00:35:04,125 --> 00:35:05,083 information. 2062 00:35:05,083 --> 00:35:06,583 But Satoshi's genius 2063 00:35:06,583 --> 00:35:08,041 to look at money 2064 00:35:08,041 --> 00:35:09,750 as information. 2065 00:35:09,750 --> 00:35:11,750 It is truly something 2066 00:35:11,750 --> 00:35:12,166 that we don't 2067 00:35:12,166 --> 00:35:12,958 talk about enough. 2068 00:35:12,958 --> 00:35:13,541 We don't marvel 2069 00:35:13,541 --> 00:35:15,208 in the fact that 2070 00:35:15,208 --> 00:35:17,750 that perspective shift 2071 00:35:17,750 --> 00:35:18,750 changed the course 2072 00:35:18,750 --> 00:35:19,833 of history. 2073 00:35:19,833 --> 00:35:21,458 No, I talk about this 2074 00:35:21,458 --> 00:35:21,916 all the time 2075 00:35:21,916 --> 00:35:22,416 because, like, 2076 00:35:22,416 --> 00:35:23,291 I think it's such 2077 00:35:23,291 --> 00:35:24,416 an underrated 2078 00:35:24,416 --> 00:35:25,166 aspect of 2079 00:35:25,166 --> 00:35:26,875 it is the aspect 2080 00:35:26,875 --> 00:35:28,083 that is like 2081 00:35:28,083 --> 00:35:28,791 that changes 2082 00:35:28,791 --> 00:35:29,250 everything. 2083 00:35:29,250 --> 00:35:30,333 Because what 2084 00:35:30,333 --> 00:35:30,875 it means 2085 00:35:30,875 --> 00:35:31,833 that these things 2086 00:35:31,833 --> 00:35:32,666 are only stored 2087 00:35:32,666 --> 00:35:33,750 in people's heads 2088 00:35:33,750 --> 00:35:34,250 is that we 2089 00:35:34,250 --> 00:35:35,416 are our bitcoins, 2090 00:35:35,416 --> 00:35:36,166 and I can't 2091 00:35:36,166 --> 00:35:37,250 get that thought 2092 00:35:37,250 --> 00:35:38,250 out of my head. 2093 00:35:38,250 --> 00:35:39,125 I can't like 2094 00:35:39,125 --> 00:35:40,250 this thing lives 2095 00:35:40,250 --> 00:35:40,875 within us. 2096 00:35:40,875 --> 00:35:41,791 We are it 2097 00:35:41,791 --> 00:35:43,750 and it is us. 2098 00:35:43,750 --> 00:35:44,375 And whoever 2099 00:35:44,375 --> 00:35:45,750 is connected to it, 2100 00:35:45,750 --> 00:35:47,916 whoever on some is. 2101 00:35:47,916 --> 00:35:49,500 And it's 2102 00:35:49,500 --> 00:35:50,666 the other bitcoiners, 2103 00:35:50,666 --> 00:35:52,291 brother or sister, 2104 00:35:52,291 --> 00:35:53,041 whether you want 2105 00:35:53,041 --> 00:35:53,666 to be or not. 2106 00:35:53,666 --> 00:35:54,250 Because you're 2107 00:35:54,250 --> 00:35:56,250 part of the same body 2108 00:35:56,250 --> 00:35:56,791 now, you're 2109 00:35:56,791 --> 00:35:57,208 part of the 2110 00:35:57,208 --> 00:35:58,500 same organism. 2111 00:35:58,500 --> 00:35:59,791 You're incentivized 2112 00:35:59,791 --> 00:36:00,208 to help 2113 00:36:00,208 --> 00:36:01,458 the other Bitcoiners. 2114 00:36:01,458 --> 00:36:01,875 You can't 2115 00:36:01,875 --> 00:36:02,666 get away from that. 2116 00:36:02,666 --> 00:36:04,125 Like if you don't, 2117 00:36:04,125 --> 00:36:05,083 you lose like. 2118 00:36:05,083 --> 00:36:07,041 And if you do, you you 2119 00:36:07,041 --> 00:36:09,000 if if I help you, Adam 2120 00:36:09,000 --> 00:36:10,458 with anything, 2121 00:36:10,458 --> 00:36:11,666 I benefits. 2122 00:36:11,666 --> 00:36:12,125 Yes. 2123 00:36:12,125 --> 00:36:13,291 And and 2124 00:36:13,291 --> 00:36:14,125 it will be like 2125 00:36:14,125 --> 00:36:15,250 this forever. 2126 00:36:15,250 --> 00:36:15,750 But only 2127 00:36:15,750 --> 00:36:17,375 those who are, 2128 00:36:17,375 --> 00:36:17,791 who are 2129 00:36:17,791 --> 00:36:18,333 who are, 2130 00:36:18,333 --> 00:36:18,750 who have 2131 00:36:18,750 --> 00:36:20,458 realized that. See it. 2132 00:36:20,458 --> 00:36:21,125 And when once 2133 00:36:21,125 --> 00:36:22,250 you see that 2134 00:36:22,250 --> 00:36:23,125 like Bitcoin is, 2135 00:36:25,125 --> 00:36:25,750 what do we call it? 2136 00:36:25,750 --> 00:36:26,291 This like 2137 00:36:26,291 --> 00:36:27,250 truth goggles 2138 00:36:27,250 --> 00:36:27,916 and a mirror 2139 00:36:27,916 --> 00:36:28,708 at the same time. 2140 00:36:28,708 --> 00:36:29,250 So it's a way 2141 00:36:29,250 --> 00:36:30,625 to view the world 2142 00:36:30,625 --> 00:36:32,125 through a lens, 2143 00:36:32,125 --> 00:36:32,666 a lens 2144 00:36:32,666 --> 00:36:33,208 and a mirror 2145 00:36:33,208 --> 00:36:33,875 at the same time. 2146 00:36:33,875 --> 00:36:35,000 So it's like a mirror 2147 00:36:35,000 --> 00:36:35,541 is a lens. 2148 00:36:35,541 --> 00:36:37,583 But anyway, 2149 00:36:37,583 --> 00:36:38,083 you can 2150 00:36:38,083 --> 00:36:38,500 you can 2151 00:36:38,500 --> 00:36:39,333 view yourself 2152 00:36:39,333 --> 00:36:39,666 through it, 2153 00:36:39,666 --> 00:36:40,291 and you can view 2154 00:36:40,291 --> 00:36:41,041 the rest of the world 2155 00:36:41,041 --> 00:36:41,458 through it. 2156 00:36:41,458 --> 00:36:42,125 And you can see 2157 00:36:42,125 --> 00:36:42,875 that, like, 2158 00:36:42,875 --> 00:36:43,541 you are 2159 00:36:43,541 --> 00:36:44,625 truly connected 2160 00:36:44,625 --> 00:36:45,041 to every 2161 00:36:45,041 --> 00:36:45,708 other Bitcoin, 2162 00:36:45,708 --> 00:36:46,083 like in 2163 00:36:46,083 --> 00:36:47,583 a, in a flesh 2164 00:36:47,583 --> 00:36:49,291 and blood sense, 2165 00:36:49,291 --> 00:36:50,125 forever. 2166 00:36:50,125 --> 00:36:51,208 And it 2167 00:36:51,208 --> 00:36:52,833 changes everything. 2168 00:36:52,833 --> 00:36:55,833 That this concept is 2169 00:36:56,250 --> 00:36:56,791 the fact 2170 00:36:56,791 --> 00:36:57,791 that money has ever 2171 00:36:57,791 --> 00:36:59,333 not been that way, 2172 00:36:59,333 --> 00:37:00,041 frankly, is a 2173 00:37:00,041 --> 00:37:00,791 bit offensive 2174 00:37:00,791 --> 00:37:02,250 because money 2175 00:37:02,250 --> 00:37:03,708 is but a tool. 2176 00:37:03,708 --> 00:37:04,208 You know, 2177 00:37:04,208 --> 00:37:04,833 people are 2178 00:37:04,833 --> 00:37:05,250 probably going 2179 00:37:05,250 --> 00:37:06,166 to listen to you 2180 00:37:06,166 --> 00:37:06,916 and, and 2181 00:37:06,916 --> 00:37:08,666 an army would say, oh, 2182 00:37:08,666 --> 00:37:09,333 you know, this is 2183 00:37:09,333 --> 00:37:10,541 this is blasphemous. 2184 00:37:10,541 --> 00:37:11,625 This this is not it. 2185 00:37:12,875 --> 00:37:13,833 You know, 2186 00:37:13,833 --> 00:37:14,916 you are not Bitcoin. 2187 00:37:14,916 --> 00:37:16,041 Bitcoin is money 2188 00:37:16,041 --> 00:37:17,791 and whatever. 2189 00:37:17,791 --> 00:37:18,416 But when we 2190 00:37:18,416 --> 00:37:19,166 think about, well, 2191 00:37:19,166 --> 00:37:20,000 what is money? 2192 00:37:20,000 --> 00:37:20,666 Well money 2193 00:37:20,666 --> 00:37:22,291 holds holds value. 2194 00:37:22,291 --> 00:37:23,375 And then how do you 2195 00:37:23,375 --> 00:37:24,416 how do you get value. 2196 00:37:24,416 --> 00:37:25,916 Well you spend 2197 00:37:25,916 --> 00:37:27,000 your time 2198 00:37:27,000 --> 00:37:28,166 producing value 2199 00:37:28,166 --> 00:37:28,958 with your hands, 2200 00:37:28,958 --> 00:37:29,625 your efforts 2201 00:37:29,625 --> 00:37:30,833 and your brain 2202 00:37:30,833 --> 00:37:31,541 and 2203 00:37:31,541 --> 00:37:32,333 and then you 2204 00:37:32,333 --> 00:37:33,750 receive something 2205 00:37:33,750 --> 00:37:34,833 to represent 2206 00:37:34,833 --> 00:37:35,500 the time 2207 00:37:35,500 --> 00:37:36,166 that you've spent, 2208 00:37:36,166 --> 00:37:37,125 the value that you, 2209 00:37:37,125 --> 00:37:38,000 that you've created 2210 00:37:38,000 --> 00:37:39,208 with your time 2211 00:37:39,208 --> 00:37:39,541 and so 2212 00:37:39,541 --> 00:37:40,666 if you think about, 2213 00:37:40,666 --> 00:37:40,958 you know, 2214 00:37:40,958 --> 00:37:41,750 if you, if you 2215 00:37:41,750 --> 00:37:43,875 if you agree that time 2216 00:37:43,875 --> 00:37:44,875 equals value, 2217 00:37:44,875 --> 00:37:46,541 value equals money, 2218 00:37:46,541 --> 00:37:47,583 then you can just 2219 00:37:47,583 --> 00:37:48,375 remove value. 2220 00:37:48,375 --> 00:37:50,041 Time equals money 2221 00:37:50,041 --> 00:37:50,375 and the 2222 00:37:50,375 --> 00:37:51,500 human's spending 2223 00:37:51,500 --> 00:37:52,500 their time 2224 00:37:52,500 --> 00:37:53,583 is going to 2225 00:37:53,583 --> 00:37:55,500 trade it for money, 2226 00:37:55,500 --> 00:37:56,041 which means 2227 00:37:56,041 --> 00:37:57,125 the money is simply 2228 00:37:57,125 --> 00:37:59,041 a reflection of us 2229 00:37:59,041 --> 00:38:00,458 as, as human beings. 2230 00:38:00,458 --> 00:38:01,083 When we spend 2231 00:38:01,083 --> 00:38:02,375 our time to 2232 00:38:02,375 --> 00:38:02,791 in order to 2233 00:38:02,791 --> 00:38:03,750 earn money, 2234 00:38:03,750 --> 00:38:04,250 we are 2235 00:38:04,250 --> 00:38:04,958 we are 2236 00:38:04,958 --> 00:38:05,875 frankly, trading 2237 00:38:05,875 --> 00:38:07,625 time for money. 2238 00:38:07,625 --> 00:38:08,791 Which again 2239 00:38:08,791 --> 00:38:09,541 means the money 2240 00:38:09,541 --> 00:38:10,625 is just simply 2241 00:38:10,625 --> 00:38:11,500 a representation 2242 00:38:11,500 --> 00:38:12,541 of our time. 2243 00:38:12,541 --> 00:38:13,625 And when you have 2244 00:38:13,625 --> 00:38:15,375 something else 2245 00:38:15,375 --> 00:38:17,041 blowing that up, 2246 00:38:17,041 --> 00:38:17,458 you've given 2247 00:38:17,458 --> 00:38:18,708 someone else domain 2248 00:38:18,708 --> 00:38:19,541 over your time. 2249 00:38:20,666 --> 00:38:21,083 Yeah. 2250 00:38:21,083 --> 00:38:22,916 And, you're, you're 2251 00:38:22,916 --> 00:38:25,083 you're giving up 2252 00:38:25,083 --> 00:38:26,750 your time for someone. 2253 00:38:26,750 --> 00:38:28,291 You let other people 2254 00:38:28,291 --> 00:38:30,583 kill your time. 2255 00:38:30,583 --> 00:38:32,166 It was for you to kill 2256 00:38:32,166 --> 00:38:33,000 all the time. 2257 00:38:33,000 --> 00:38:34,166 Like, 2258 00:38:34,166 --> 00:38:35,083 you're letting others 2259 00:38:35,083 --> 00:38:35,583 steal it 2260 00:38:35,583 --> 00:38:36,125 while it was 2261 00:38:36,125 --> 00:38:37,208 for you to kill. 2262 00:38:37,208 --> 00:38:37,791 And the thing 2263 00:38:37,791 --> 00:38:38,958 is, like, the time 2264 00:38:38,958 --> 00:38:39,750 equals value. 2265 00:38:39,750 --> 00:38:40,708 You can't, 2266 00:38:40,708 --> 00:38:41,041 I don't 2267 00:38:41,041 --> 00:38:42,291 really buy that. 2268 00:38:42,291 --> 00:38:43,458 But what I do buy 2269 00:38:43,458 --> 00:38:44,791 is that, 2270 00:38:44,791 --> 00:38:46,625 money gives you a way 2271 00:38:46,625 --> 00:38:48,500 of evaluating 2272 00:38:48,500 --> 00:38:49,625 how well 2273 00:38:49,625 --> 00:38:51,125 you spend your time. 2274 00:38:51,125 --> 00:38:52,166 So the market, 2275 00:38:52,166 --> 00:38:53,541 a pure market signal, 2276 00:38:53,541 --> 00:38:54,041 which you can 2277 00:38:54,041 --> 00:38:54,541 only find 2278 00:38:54,541 --> 00:38:55,625 with Bitcoin, 2279 00:38:55,625 --> 00:38:56,458 is telling you 2280 00:38:56,458 --> 00:38:57,208 that if you 2281 00:38:57,208 --> 00:38:58,291 it is telling you 2282 00:38:58,291 --> 00:38:59,041 if you're 2283 00:38:59,041 --> 00:39:00,333 spending your time 2284 00:39:00,333 --> 00:39:02,041 in a good way or not. 2285 00:39:02,041 --> 00:39:02,416 So like 2286 00:39:02,416 --> 00:39:02,750 if you're 2287 00:39:02,750 --> 00:39:04,000 making more sets 2288 00:39:04,000 --> 00:39:04,625 by doing 2289 00:39:04,625 --> 00:39:06,291 the things you do, 2290 00:39:06,291 --> 00:39:06,791 you should be 2291 00:39:06,791 --> 00:39:07,708 happy about yourself. 2292 00:39:07,708 --> 00:39:08,833 Your your. 2293 00:39:08,833 --> 00:39:09,666 That was time 2294 00:39:09,666 --> 00:39:12,208 well spent. Yes, yes. 2295 00:39:12,208 --> 00:39:12,791 Well and 2296 00:39:12,791 --> 00:39:14,041 and but 2297 00:39:14,041 --> 00:39:15,541 not necessarily that. 2298 00:39:15,541 --> 00:39:16,625 Just if you can, 2299 00:39:16,625 --> 00:39:17,458 if you can live 2300 00:39:17,458 --> 00:39:18,833 within your means, 2301 00:39:18,833 --> 00:39:19,583 if you have more 2302 00:39:19,583 --> 00:39:20,541 purchasing power 2303 00:39:20,541 --> 00:39:22,250 tomorrow than today, 2304 00:39:22,250 --> 00:39:23,708 then you're fine. 2305 00:39:23,708 --> 00:39:24,833 Forever. Like. 2306 00:39:24,833 --> 00:39:26,166 And if that means, 2307 00:39:26,166 --> 00:39:27,000 you know, you only 2308 00:39:27,000 --> 00:39:29,333 you stacked way back 2309 00:39:29,333 --> 00:39:29,875 and now you're 2310 00:39:29,875 --> 00:39:31,041 just sitting there 2311 00:39:31,041 --> 00:39:31,916 spending more time 2312 00:39:31,916 --> 00:39:32,791 with your family. 2313 00:39:32,791 --> 00:39:34,166 Well, good on you. 2314 00:39:34,166 --> 00:39:36,291 Well, only it's like 2315 00:39:36,291 --> 00:39:36,958 it's it's 2316 00:39:36,958 --> 00:39:37,541 telling you 2317 00:39:37,541 --> 00:39:38,541 if you're playing 2318 00:39:38,541 --> 00:39:39,041 this thing 2319 00:39:39,041 --> 00:39:40,625 right or not. 2320 00:39:40,625 --> 00:39:41,250 And that. 2321 00:39:41,250 --> 00:39:41,875 It's a. 2322 00:39:41,875 --> 00:39:42,916 That depends on how 2323 00:39:42,916 --> 00:39:43,291 the rest of 2324 00:39:43,291 --> 00:39:44,375 the world is doing. 2325 00:39:44,375 --> 00:39:45,208 So like if, 2326 00:39:45,208 --> 00:39:46,416 if there's, 2327 00:39:46,416 --> 00:39:47,583 a disaster, 2328 00:39:47,583 --> 00:39:48,166 then everyone 2329 00:39:48,166 --> 00:39:48,958 needs to chip in 2330 00:39:48,958 --> 00:39:49,666 because you can't 2331 00:39:49,666 --> 00:39:50,666 just sit on your ass 2332 00:39:50,666 --> 00:39:51,333 and and 2333 00:39:51,333 --> 00:39:52,250 let your purchasing 2334 00:39:52,250 --> 00:39:53,208 power increase 2335 00:39:53,208 --> 00:39:53,666 because that 2336 00:39:53,666 --> 00:39:54,166 won't work 2337 00:39:54,166 --> 00:39:55,208 in that scenario. 2338 00:39:55,208 --> 00:39:56,666 But if it does work 2339 00:39:56,666 --> 00:39:57,666 in a scenario 2340 00:39:57,666 --> 00:39:58,291 where everyone 2341 00:39:58,291 --> 00:39:58,833 is working for 2342 00:39:58,833 --> 00:39:59,458 everyone else, 2343 00:39:59,458 --> 00:40:00,833 and with Bitcoin, 2344 00:40:00,833 --> 00:40:02,375 it's just telling us 2345 00:40:02,375 --> 00:40:03,625 what what should be 2346 00:40:03,625 --> 00:40:04,333 obvious 2347 00:40:04,333 --> 00:40:04,708 should have 2348 00:40:04,708 --> 00:40:05,750 been obvious all along 2349 00:40:05,750 --> 00:40:06,750 that we're better off 2350 00:40:06,750 --> 00:40:07,583 cooperating 2351 00:40:07,583 --> 00:40:08,375 than addressing 2352 00:40:08,375 --> 00:40:09,208 against one another. 2353 00:40:09,208 --> 00:40:10,083 Yes, because that's 2354 00:40:10,083 --> 00:40:11,083 the only thing we took 2355 00:40:11,083 --> 00:40:11,916 out of the equation 2356 00:40:11,916 --> 00:40:13,458 is the aggression 2357 00:40:13,458 --> 00:40:14,250 that you 2358 00:40:14,250 --> 00:40:15,000 can't steal it. 2359 00:40:15,000 --> 00:40:15,541 You can't make 2360 00:40:15,541 --> 00:40:16,708 more of it. You can't. 2361 00:40:16,708 --> 00:40:17,916 You can't steal, 2362 00:40:17,916 --> 00:40:18,791 you can't aggress, 2363 00:40:18,791 --> 00:40:19,666 you can't violate 2364 00:40:19,666 --> 00:40:20,250 someone else's 2365 00:40:20,250 --> 00:40:20,958 property. 2366 00:40:20,958 --> 00:40:21,875 Their the. Aggression. 2367 00:40:21,875 --> 00:40:23,250 Everything is good. 2368 00:40:23,250 --> 00:40:23,708 And we're 2369 00:40:23,708 --> 00:40:24,916 I feel like we are, 2370 00:40:25,916 --> 00:40:26,250 yeah. 2371 00:40:26,250 --> 00:40:27,208 Bitcoin forces you 2372 00:40:27,208 --> 00:40:28,958 to obey the the 2373 00:40:28,958 --> 00:40:30,458 the cobra effect 2374 00:40:30,458 --> 00:40:31,500 as you will. 2375 00:40:31,500 --> 00:40:32,541 And and it 2376 00:40:32,541 --> 00:40:34,208 it aligns incentives 2377 00:40:34,208 --> 00:40:34,833 in the way 2378 00:40:34,833 --> 00:40:35,791 that you have 2379 00:40:35,791 --> 00:40:36,416 described. 2380 00:40:36,416 --> 00:40:37,500 We've got now 2381 00:40:37,500 --> 00:40:38,791 a monetary system 2382 00:40:38,791 --> 00:40:40,791 where unilaterally 2383 00:40:40,791 --> 00:40:41,375 everyone 2384 00:40:41,375 --> 00:40:42,541 has the opportunity 2385 00:40:42,541 --> 00:40:43,875 to participate. 2386 00:40:43,875 --> 00:40:45,666 But to your point 2387 00:40:45,666 --> 00:40:47,250 not everyone can 2388 00:40:47,250 --> 00:40:49,083 or will do it equally. 2389 00:40:49,083 --> 00:40:49,708 And so it 2390 00:40:49,708 --> 00:40:51,000 creates this. 2391 00:40:51,000 --> 00:40:51,666 It's like I'm 2392 00:40:51,666 --> 00:40:52,500 not going to worry 2393 00:40:52,500 --> 00:40:53,250 about fighting 2394 00:40:53,250 --> 00:40:54,125 everybody else. 2395 00:40:54,125 --> 00:40:54,958 I'm going to work 2396 00:40:54,958 --> 00:40:55,750 internally. 2397 00:40:55,750 --> 00:40:56,083 I'm going to 2398 00:40:56,083 --> 00:40:57,166 work on myself 2399 00:40:57,166 --> 00:40:57,833 so that I'm 2400 00:40:57,833 --> 00:40:58,666 able to produce 2401 00:40:58,666 --> 00:40:59,125 more sort of 2402 00:40:59,125 --> 00:40:59,708 I can get a 2403 00:40:59,708 --> 00:41:00,708 bigger piece 2404 00:41:00,708 --> 00:41:01,333 of the pie. 2405 00:41:01,333 --> 00:41:02,541 This is a pure form 2406 00:41:02,541 --> 00:41:03,541 of meritocracy. 2407 00:41:03,541 --> 00:41:04,541 This is meritocracy, 2408 00:41:04,541 --> 00:41:04,875 money. 2409 00:41:04,875 --> 00:41:06,000 This is like 2410 00:41:06,000 --> 00:41:06,916 this is the holy grail 2411 00:41:06,916 --> 00:41:07,791 of aligned incentives. 2412 00:41:07,791 --> 00:41:08,791 Rather than, 2413 00:41:08,791 --> 00:41:09,041 you know, 2414 00:41:09,041 --> 00:41:10,833 where we are today. 2415 00:41:10,833 --> 00:41:12,750 We just did a video, 2416 00:41:12,750 --> 00:41:14,583 on corporate ocracy, 2417 00:41:14,583 --> 00:41:15,625 which is a newer term 2418 00:41:15,625 --> 00:41:17,041 that I had not not 2419 00:41:17,041 --> 00:41:17,458 heard of, 2420 00:41:17,458 --> 00:41:18,750 which is basically, 2421 00:41:18,750 --> 00:41:19,083 you know, 2422 00:41:19,083 --> 00:41:20,166 large corporations 2423 00:41:20,166 --> 00:41:20,666 effectively 2424 00:41:20,666 --> 00:41:21,416 being an arm 2425 00:41:21,416 --> 00:41:22,083 of the government, 2426 00:41:22,083 --> 00:41:23,375 an arm of the state. 2427 00:41:23,375 --> 00:41:24,125 The state 2428 00:41:24,125 --> 00:41:24,791 is going to 2429 00:41:24,791 --> 00:41:26,458 put pressure on 2430 00:41:26,458 --> 00:41:27,333 and then reward 2431 00:41:27,333 --> 00:41:29,041 those that respond. 2432 00:41:29,041 --> 00:41:30,250 And, 2433 00:41:30,250 --> 00:41:31,416 when it becomes 2434 00:41:31,416 --> 00:41:32,500 more efficient 2435 00:41:32,500 --> 00:41:34,125 to lobby the state, 2436 00:41:34,125 --> 00:41:35,708 then to do R&D 2437 00:41:35,708 --> 00:41:36,166 and market 2438 00:41:36,166 --> 00:41:37,291 your business, 2439 00:41:37,291 --> 00:41:39,416 you can see a decline 2440 00:41:39,416 --> 00:41:40,625 in society. 2441 00:41:40,625 --> 00:41:41,666 It's no longer 2442 00:41:41,666 --> 00:41:42,750 providing 2443 00:41:42,750 --> 00:41:43,541 the most amount 2444 00:41:43,541 --> 00:41:44,791 of people value. 2445 00:41:44,791 --> 00:41:45,958 You're providing those 2446 00:41:45,958 --> 00:41:46,750 with the most power 2447 00:41:46,750 --> 00:41:47,125 value. 2448 00:41:47,125 --> 00:41:47,791 And Bitcoin 2449 00:41:47,791 --> 00:41:48,875 completely flips 2450 00:41:48,875 --> 00:41:49,750 that script, 2451 00:41:49,750 --> 00:41:50,833 which again 2452 00:41:50,833 --> 00:41:51,833 makes me super bullish 2453 00:41:51,833 --> 00:41:53,083 on the future. 2454 00:41:53,083 --> 00:41:53,666 No, 2455 00:41:53,666 --> 00:41:54,750 the opposite of 2456 00:41:54,750 --> 00:41:55,625 quality is 2457 00:41:55,625 --> 00:41:56,666 not inequality. 2458 00:41:56,666 --> 00:41:57,750 It's equality. 2459 00:41:57,750 --> 00:41:58,500 Yeah, right. 2460 00:41:59,791 --> 00:42:00,791 100%. 2461 00:42:00,791 --> 00:42:01,083 Yeah. 2462 00:42:01,083 --> 00:42:02,375 You said 2463 00:42:02,375 --> 00:42:03,416 something intrigued me 2464 00:42:03,416 --> 00:42:03,708 there. 2465 00:42:03,708 --> 00:42:04,833 The cobra effect. 2466 00:42:04,833 --> 00:42:06,750 What is that? 2467 00:42:06,750 --> 00:42:07,833 So the cobra effect 2468 00:42:07,833 --> 00:42:10,083 stems back, 2469 00:42:10,083 --> 00:42:10,625 and actually, 2470 00:42:10,625 --> 00:42:11,583 it's funny, 2471 00:42:11,583 --> 00:42:12,416 I say this 2472 00:42:12,416 --> 00:42:14,250 as if it's fact. 2473 00:42:14,250 --> 00:42:14,875 I don't think 2474 00:42:14,875 --> 00:42:15,666 there's documented 2475 00:42:15,666 --> 00:42:16,791 record of this, 2476 00:42:16,791 --> 00:42:17,666 but we will. 2477 00:42:17,666 --> 00:42:18,541 Let's just assume 2478 00:42:18,541 --> 00:42:19,041 that there is 2479 00:42:19,041 --> 00:42:19,625 and we'll take it 2480 00:42:19,625 --> 00:42:20,041 as fact. 2481 00:42:20,041 --> 00:42:20,583 But the 2482 00:42:20,583 --> 00:42:21,708 the thesis holds true 2483 00:42:21,708 --> 00:42:23,208 either way. 2484 00:42:23,208 --> 00:42:23,583 When the 2485 00:42:23,583 --> 00:42:24,208 British government 2486 00:42:24,208 --> 00:42:24,708 took over 2487 00:42:24,708 --> 00:42:26,666 India in the 15, 2488 00:42:26,666 --> 00:42:28,000 1600s, 2489 00:42:28,000 --> 00:42:28,291 there was a 2490 00:42:28,291 --> 00:42:29,958 cobra problem. 2491 00:42:29,958 --> 00:42:30,875 The, the 2492 00:42:30,875 --> 00:42:31,708 the the nation 2493 00:42:31,708 --> 00:42:33,000 of India was overrun 2494 00:42:33,000 --> 00:42:33,583 with cobras. 2495 00:42:33,583 --> 00:42:34,583 It was eating 2496 00:42:34,583 --> 00:42:35,416 like children 2497 00:42:35,416 --> 00:42:36,750 and citizens. 2498 00:42:36,750 --> 00:42:37,333 And the 2499 00:42:37,333 --> 00:42:38,000 British government 2500 00:42:38,000 --> 00:42:38,458 said, 2501 00:42:38,458 --> 00:42:39,583 we can't have this. 2502 00:42:39,583 --> 00:42:40,708 We must 2503 00:42:40,708 --> 00:42:41,833 kill the Cobra. 2504 00:42:41,833 --> 00:42:42,041 And they 2505 00:42:42,041 --> 00:42:43,833 put a bounty out 2506 00:42:43,833 --> 00:42:45,875 on the head of a cobra 2507 00:42:45,875 --> 00:42:47,625 so that any individual 2508 00:42:47,625 --> 00:42:48,541 could go out, 2509 00:42:48,541 --> 00:42:49,416 find a cobra, 2510 00:42:49,416 --> 00:42:50,666 kill the cobra, 2511 00:42:50,666 --> 00:42:51,208 take its head 2512 00:42:51,208 --> 00:42:52,166 back to the government 2513 00:42:52,166 --> 00:42:53,125 and say, here you go. 2514 00:42:53,125 --> 00:42:53,750 And they would get 2515 00:42:53,750 --> 00:42:54,791 a wage of some 2516 00:42:54,791 --> 00:42:55,500 of some sort, 2517 00:42:57,166 --> 00:42:57,583 which on the 2518 00:42:57,583 --> 00:42:58,791 surface sounds very, 2519 00:42:58,791 --> 00:42:59,916 very good. 2520 00:42:59,916 --> 00:43:01,291 But like every 2521 00:43:01,291 --> 00:43:02,458 artificial force 2522 00:43:02,458 --> 00:43:03,458 entering into a 2523 00:43:03,458 --> 00:43:04,541 natural environment, 2524 00:43:04,541 --> 00:43:05,583 there are secondary 2525 00:43:05,583 --> 00:43:06,208 and tertiary 2526 00:43:06,208 --> 00:43:06,875 consequences. 2527 00:43:06,875 --> 00:43:07,625 So what happened? 2528 00:43:07,625 --> 00:43:08,291 Well, 2529 00:43:08,291 --> 00:43:08,791 people started 2530 00:43:08,791 --> 00:43:09,958 breeding cobras 2531 00:43:09,958 --> 00:43:10,500 so they would 2532 00:43:10,500 --> 00:43:11,458 capture them. 2533 00:43:11,458 --> 00:43:12,791 They would not kill them 2534 00:43:12,791 --> 00:43:13,166 and they would 2535 00:43:13,166 --> 00:43:14,041 breed them. 2536 00:43:14,041 --> 00:43:15,500 And then, you know, 2537 00:43:15,500 --> 00:43:16,291 over the course 2538 00:43:16,291 --> 00:43:17,958 of this breeding time, 2539 00:43:17,958 --> 00:43:18,541 they would bring 2540 00:43:18,541 --> 00:43:20,250 in ten cobras, 2541 00:43:20,250 --> 00:43:21,208 all for the state 2542 00:43:21,208 --> 00:43:22,000 to give them 2543 00:43:22,000 --> 00:43:24,041 ten wages. 2544 00:43:24,041 --> 00:43:24,708 And now the state 2545 00:43:24,708 --> 00:43:25,500 has a choice. 2546 00:43:25,500 --> 00:43:26,541 We can, you know, 2547 00:43:26,541 --> 00:43:27,041 the Cobras are 2548 00:43:27,041 --> 00:43:28,625 still going down. 2549 00:43:28,625 --> 00:43:29,125 The Cobras 2550 00:43:29,125 --> 00:43:30,625 are contained. 2551 00:43:30,625 --> 00:43:31,708 This is less cobra 2552 00:43:31,708 --> 00:43:33,333 accidents per capita, 2553 00:43:33,333 --> 00:43:34,208 but we're 2554 00:43:34,208 --> 00:43:34,625 getting taken 2555 00:43:34,625 --> 00:43:35,458 advantage of. 2556 00:43:35,458 --> 00:43:36,166 Of course, the 2557 00:43:36,166 --> 00:43:37,166 the monarchy hates 2558 00:43:37,166 --> 00:43:37,458 being taken 2559 00:43:37,458 --> 00:43:38,000 advantage of. 2560 00:43:38,000 --> 00:43:39,833 So away with this 2561 00:43:39,833 --> 00:43:41,166 Cobra wage. 2562 00:43:41,166 --> 00:43:42,291 And what do you think 2563 00:43:42,291 --> 00:43:43,666 the farmers did 2564 00:43:43,666 --> 00:43:44,458 with all of 2565 00:43:44,458 --> 00:43:46,125 their cobras? 2566 00:43:46,125 --> 00:43:47,250 Well, out 2567 00:43:47,250 --> 00:43:48,875 they go into the wild. 2568 00:43:48,875 --> 00:43:49,541 Why would I 2569 00:43:49,541 --> 00:43:50,375 farm cobras? 2570 00:43:50,375 --> 00:43:50,791 Why would I 2571 00:43:50,791 --> 00:43:51,958 kill a cobra 2572 00:43:51,958 --> 00:43:53,125 when I'm no longer 2573 00:43:53,125 --> 00:43:54,541 getting paid to do so? 2574 00:43:54,541 --> 00:43:56,333 And so in effect, 2575 00:43:56,333 --> 00:43:57,291 after I, 2576 00:43:57,291 --> 00:43:58,083 you know, whatever 2577 00:43:58,083 --> 00:43:58,375 the amount 2578 00:43:58,375 --> 00:43:59,541 of time was, 2579 00:43:59,541 --> 00:44:00,708 the Cobra problem 2580 00:44:00,708 --> 00:44:02,166 got infinitely worse. 2581 00:44:02,166 --> 00:44:03,000 And there was now 2582 00:44:03,000 --> 00:44:04,583 more cobras, 2583 00:44:04,583 --> 00:44:05,416 in the wild, 2584 00:44:05,416 --> 00:44:07,000 killing more citizens 2585 00:44:07,000 --> 00:44:07,916 after this 2586 00:44:07,916 --> 00:44:09,041 unnatural force 2587 00:44:09,041 --> 00:44:10,041 came in 2588 00:44:10,041 --> 00:44:10,833 with, frankly, 2589 00:44:10,833 --> 00:44:11,791 the best intentions. 2590 00:44:11,791 --> 00:44:12,041 You know, 2591 00:44:12,041 --> 00:44:13,208 sometimes I do believe 2592 00:44:13,208 --> 00:44:14,166 the state is evil 2593 00:44:14,166 --> 00:44:15,666 in a lot of ways. 2594 00:44:15,666 --> 00:44:16,291 But I don't 2595 00:44:16,291 --> 00:44:16,708 believe that 2596 00:44:16,708 --> 00:44:18,416 everything they do, 2597 00:44:18,416 --> 00:44:19,583 has mal intent. 2598 00:44:21,166 --> 00:44:21,750 They just doesn't. 2599 00:44:21,750 --> 00:44:22,916 Have. 2600 00:44:22,916 --> 00:44:23,458 The. Exactly. 2601 00:44:23,458 --> 00:44:24,333 They're just ignoring 2602 00:44:24,333 --> 00:44:25,166 the cobra effect. 2603 00:44:25,166 --> 00:44:25,333 They're 2604 00:44:25,333 --> 00:44:26,875 ignoring physics 2605 00:44:26,875 --> 00:44:28,166 that, you know, 2606 00:44:28,166 --> 00:44:29,791 I can't have all the 2607 00:44:29,791 --> 00:44:31,083 the happy intent 2608 00:44:31,083 --> 00:44:31,625 in the world 2609 00:44:31,625 --> 00:44:32,541 jumping off a cliff 2610 00:44:32,541 --> 00:44:34,291 and flapping my arms. 2611 00:44:34,291 --> 00:44:34,833 I'm just going 2612 00:44:34,833 --> 00:44:35,250 to tumble. 2613 00:44:35,250 --> 00:44:36,208 Physics doesn't work 2614 00:44:36,208 --> 00:44:36,958 that way. 2615 00:44:36,958 --> 00:44:38,000 And the same way, 2616 00:44:38,000 --> 00:44:38,250 you know, 2617 00:44:38,250 --> 00:44:39,000 the British government 2618 00:44:39,000 --> 00:44:39,333 had all the 2619 00:44:39,333 --> 00:44:41,041 positive vibes 2620 00:44:41,041 --> 00:44:42,041 that just 2621 00:44:42,041 --> 00:44:43,166 gave messed up. 2622 00:44:43,166 --> 00:44:44,041 You cannot no, no 2623 00:44:44,041 --> 00:44:45,416 natural forces in. 2624 00:44:45,416 --> 00:44:46,583 This is, 2625 00:44:46,583 --> 00:44:47,583 I believe this story 2626 00:44:47,583 --> 00:44:48,125 to be true. 2627 00:44:48,125 --> 00:44:48,541 I've heard it 2628 00:44:48,541 --> 00:44:49,083 many times 2629 00:44:49,083 --> 00:44:49,625 before, and 2630 00:44:49,625 --> 00:44:50,458 I have no reason 2631 00:44:50,458 --> 00:44:51,000 to doubt 2632 00:44:51,000 --> 00:44:52,833 its truthfulness. 2633 00:44:52,833 --> 00:44:54,541 And, 2634 00:44:54,541 --> 00:44:55,500 I mean, you see it 2635 00:44:55,500 --> 00:44:56,000 everywhere, 2636 00:44:56,000 --> 00:44:57,125 but the thing is that 2637 00:44:57,125 --> 00:44:57,666 politicians 2638 00:44:57,666 --> 00:44:58,333 don't realize 2639 00:44:58,333 --> 00:44:59,000 is that you get 2640 00:44:59,000 --> 00:45:00,125 what you pay for, 2641 00:45:00,125 --> 00:45:00,791 but they don't 2642 00:45:00,791 --> 00:45:01,708 understand what 2643 00:45:01,708 --> 00:45:03,000 they're paying for. 2644 00:45:03,000 --> 00:45:05,250 So if you're paying in 2645 00:45:05,250 --> 00:45:07,125 non-pro active people, 2646 00:45:07,125 --> 00:45:07,750 then you get 2647 00:45:07,750 --> 00:45:09,125 non productivity. 2648 00:45:09,125 --> 00:45:09,750 That's that's 2649 00:45:09,750 --> 00:45:10,708 what you're paying for 2650 00:45:10,708 --> 00:45:11,041 and that's 2651 00:45:11,041 --> 00:45:12,333 what you're gonna get. 2652 00:45:12,333 --> 00:45:13,416 And if you pay for 2653 00:45:13,416 --> 00:45:14,791 people to be sick 2654 00:45:14,791 --> 00:45:15,666 then you get sick. 2655 00:45:15,666 --> 00:45:16,625 People. 2656 00:45:16,625 --> 00:45:17,916 The people the 2657 00:45:17,916 --> 00:45:18,833 the people have 2658 00:45:18,833 --> 00:45:19,500 the incentive 2659 00:45:19,500 --> 00:45:20,625 to be sick. 2660 00:45:20,625 --> 00:45:22,125 If you pay 2661 00:45:22,125 --> 00:45:23,833 pensions you get, 2662 00:45:25,083 --> 00:45:27,708 you know, old people 2663 00:45:27,708 --> 00:45:29,458 and 2664 00:45:29,458 --> 00:45:30,208 you'll get people 2665 00:45:30,208 --> 00:45:31,416 that no longer work 2666 00:45:31,416 --> 00:45:32,166 like this is 2667 00:45:32,166 --> 00:45:33,916 this is like, 2668 00:45:33,916 --> 00:45:35,166 so, so I think that's 2669 00:45:35,166 --> 00:45:36,333 that's the key. 2670 00:45:36,333 --> 00:45:38,375 Like, and that's, 2671 00:45:38,375 --> 00:45:39,458 why politicians are 2672 00:45:39,458 --> 00:45:40,833 so ill fit for the, 2673 00:45:40,833 --> 00:45:42,000 for the jobs 2674 00:45:42,000 --> 00:45:43,208 because they, they, 2675 00:45:43,208 --> 00:45:44,750 they are themselves 2676 00:45:44,750 --> 00:45:45,875 not incentivized 2677 00:45:45,875 --> 00:45:46,666 to understand 2678 00:45:46,666 --> 00:45:47,041 what they're 2679 00:45:47,041 --> 00:45:47,916 paying for 2680 00:45:47,916 --> 00:45:48,541 because they don't 2681 00:45:48,541 --> 00:45:49,291 have to care, 2682 00:45:49,291 --> 00:45:49,833 because they're 2683 00:45:49,833 --> 00:45:50,791 paying other people 2684 00:45:50,791 --> 00:45:51,333 with other 2685 00:45:51,333 --> 00:45:52,208 people's money. 2686 00:45:52,208 --> 00:45:52,458 Yeah. 2687 00:45:52,458 --> 00:45:53,000 So they know 2688 00:45:53,000 --> 00:45:54,250 that's incentivized. 2689 00:45:54,250 --> 00:45:54,750 Not only are they 2690 00:45:54,750 --> 00:45:55,958 not incentivized, 2691 00:45:55,958 --> 00:45:56,333 they are 2692 00:45:56,333 --> 00:45:57,541 the incentivized. 2693 00:45:57,541 --> 00:45:57,708 Yeah. 2694 00:45:57,708 --> 00:45:58,583 They they're 2695 00:45:58,583 --> 00:46:01,041 life gets worse 2696 00:46:01,041 --> 00:46:02,041 if they adopt 2697 00:46:02,041 --> 00:46:03,541 sound money, 2698 00:46:03,541 --> 00:46:03,875 you know, 2699 00:46:03,875 --> 00:46:05,208 based principles. 2700 00:46:05,208 --> 00:46:06,083 And that's a problem. 2701 00:46:06,083 --> 00:46:07,625 That's a big problem. 2702 00:46:07,625 --> 00:46:08,291 Yeah. 2703 00:46:08,291 --> 00:46:09,416 And it's, 2704 00:46:09,416 --> 00:46:10,833 but but I find it 2705 00:46:10,833 --> 00:46:11,708 so fascinating, 2706 00:46:11,708 --> 00:46:12,541 I keep falling 2707 00:46:12,541 --> 00:46:13,375 for the same thing 2708 00:46:13,375 --> 00:46:14,291 over and over again 2709 00:46:14,291 --> 00:46:15,833 and know that we 2710 00:46:15,833 --> 00:46:16,750 human beings 2711 00:46:16,750 --> 00:46:18,166 like that, 2712 00:46:18,166 --> 00:46:19,041 it's like this, this 2713 00:46:19,041 --> 00:46:20,125 constant struggle 2714 00:46:20,125 --> 00:46:21,541 between 2715 00:46:21,541 --> 00:46:22,583 I look at as 2716 00:46:22,583 --> 00:46:24,000 between barbarism 2717 00:46:24,000 --> 00:46:25,000 and civilization 2718 00:46:25,000 --> 00:46:25,916 or between, 2719 00:46:25,916 --> 00:46:27,333 fang and claw and, 2720 00:46:27,333 --> 00:46:28,083 and free 2721 00:46:28,083 --> 00:46:29,000 market competition. 2722 00:46:29,000 --> 00:46:29,666 Because I think 2723 00:46:29,666 --> 00:46:31,166 they're diametrically 2724 00:46:31,166 --> 00:46:32,208 opposite, like 2725 00:46:32,208 --> 00:46:32,958 they are. 2726 00:46:34,541 --> 00:46:35,458 Either we do things 2727 00:46:35,458 --> 00:46:36,458 by collaborating 2728 00:46:36,458 --> 00:46:38,500 or we do, like, there 2729 00:46:38,500 --> 00:46:39,875 there are two ways of 2730 00:46:39,875 --> 00:46:41,291 of finding 2731 00:46:41,291 --> 00:46:42,666 the correct owner 2732 00:46:42,666 --> 00:46:43,666 for a thing, 2733 00:46:43,666 --> 00:46:44,958 a good or a service 2734 00:46:44,958 --> 00:46:45,666 or whatever, 2735 00:46:45,666 --> 00:46:46,833 or a piece of land. 2736 00:46:46,833 --> 00:46:47,666 And that is, 2737 00:46:47,666 --> 00:46:47,958 either 2738 00:46:47,958 --> 00:46:48,708 you find it out 2739 00:46:48,708 --> 00:46:49,500 on the market 2740 00:46:49,500 --> 00:46:51,541 or you fight for it. 2741 00:46:51,541 --> 00:46:52,458 And so, so 2742 00:46:52,458 --> 00:46:52,708 there's 2743 00:46:52,708 --> 00:46:53,416 a civilized way 2744 00:46:53,416 --> 00:46:54,083 to do things 2745 00:46:54,083 --> 00:46:54,875 and a barbaric way 2746 00:46:54,875 --> 00:46:56,166 of doing things. 2747 00:46:56,166 --> 00:46:57,666 And Bitcoin cannot do 2748 00:46:57,666 --> 00:46:58,541 the barbaric thing. 2749 00:46:58,541 --> 00:46:59,250 It can only do 2750 00:46:59,250 --> 00:47:00,125 the civilized thing. 2751 00:47:00,125 --> 00:47:01,416 So like, yeah. 2752 00:47:01,416 --> 00:47:01,583 Yeah. 2753 00:47:01,583 --> 00:47:02,250 What do you think. 2754 00:47:02,250 --> 00:47:03,166 And so 2755 00:47:03,166 --> 00:47:04,166 why do you think it 2756 00:47:04,166 --> 00:47:05,541 is that 2757 00:47:05,541 --> 00:47:06,583 so many people 2758 00:47:06,583 --> 00:47:08,166 don't understand that 2759 00:47:08,166 --> 00:47:09,541 like like, 2760 00:47:09,541 --> 00:47:09,750 because what 2761 00:47:09,750 --> 00:47:10,166 you're saying 2762 00:47:10,166 --> 00:47:11,250 makes 100% sense 2763 00:47:11,250 --> 00:47:11,833 to me. 2764 00:47:11,833 --> 00:47:13,291 Seems very logical. 2765 00:47:13,291 --> 00:47:13,750 Yeah. 2766 00:47:13,750 --> 00:47:16,041 Because I think that, 2767 00:47:16,041 --> 00:47:18,458 we are so used like, 2768 00:47:18,458 --> 00:47:19,833 hundreds and hundreds 2769 00:47:19,833 --> 00:47:21,458 of generations 2770 00:47:21,458 --> 00:47:23,666 of fraudulent money, 2771 00:47:23,666 --> 00:47:23,916 like, 2772 00:47:23,916 --> 00:47:25,250 this is not, it's 2773 00:47:25,250 --> 00:47:26,500 not anything new. 2774 00:47:26,500 --> 00:47:27,000 And, like, 2775 00:47:27,000 --> 00:47:27,541 even on a 2776 00:47:27,541 --> 00:47:28,541 gold standard, 2777 00:47:28,541 --> 00:47:29,250 gold isn't 2778 00:47:29,250 --> 00:47:30,583 absolutely finite 2779 00:47:30,583 --> 00:47:31,916 or absolutely scarce. 2780 00:47:31,916 --> 00:47:32,583 Look at China 2781 00:47:32,583 --> 00:47:33,125 recently. 2782 00:47:33,125 --> 00:47:33,708 You see that? 2783 00:47:33,708 --> 00:47:34,416 They just. Yeah. 2784 00:47:34,416 --> 00:47:35,416 Yeah. They found. 2785 00:47:35,416 --> 00:47:37,333 The gold. Yeah. Yeah. 2786 00:47:37,333 --> 00:47:38,291 So, so and, 2787 00:47:39,416 --> 00:47:40,083 all of a sudden 2788 00:47:40,083 --> 00:47:40,541 these things 2789 00:47:40,541 --> 00:47:40,916 are found. 2790 00:47:40,916 --> 00:47:42,541 But like with 2791 00:47:42,541 --> 00:47:44,291 we've lived with this, 2792 00:47:44,291 --> 00:47:45,541 inherent lie 2793 00:47:45,541 --> 00:47:46,125 in the way 2794 00:47:46,125 --> 00:47:46,750 we conduct 2795 00:47:46,750 --> 00:47:47,500 our business 2796 00:47:47,500 --> 00:47:49,166 since forever. 2797 00:47:49,166 --> 00:47:50,250 So, so I think 2798 00:47:50,250 --> 00:47:51,541 it's and, you know, 2799 00:47:51,541 --> 00:47:52,500 making money, 2800 00:47:52,500 --> 00:47:53,291 especially making 2801 00:47:53,291 --> 00:47:54,041 money fast 2802 00:47:54,041 --> 00:47:55,416 and, has 2803 00:47:55,416 --> 00:47:58,416 always been to, to a, 2804 00:47:58,500 --> 00:47:59,458 greater or lesser 2805 00:47:59,458 --> 00:48:00,666 extent on 2806 00:48:00,666 --> 00:48:01,458 at someone 2807 00:48:01,458 --> 00:48:03,375 else's expense. 2808 00:48:03,375 --> 00:48:04,625 And the fact that 2809 00:48:04,625 --> 00:48:05,125 it doesn't 2810 00:48:05,125 --> 00:48:07,541 have to be at all ever 2811 00:48:07,541 --> 00:48:08,416 is very hard 2812 00:48:08,416 --> 00:48:08,791 for people 2813 00:48:08,791 --> 00:48:09,791 to get in their 2814 00:48:09,791 --> 00:48:10,791 into their heads, 2815 00:48:10,791 --> 00:48:12,000 because everyone see 2816 00:48:12,000 --> 00:48:14,666 that thinks that like, 2817 00:48:14,666 --> 00:48:15,500 that does 2818 00:48:15,500 --> 00:48:16,208 not possible. 2819 00:48:16,208 --> 00:48:17,208 Just every 2820 00:48:17,208 --> 00:48:18,250 person on earth 2821 00:48:18,250 --> 00:48:20,000 getting richer 2822 00:48:20,000 --> 00:48:21,875 without anyone losing. 2823 00:48:21,875 --> 00:48:22,458 Like it's 2824 00:48:22,458 --> 00:48:23,083 a very hard 2825 00:48:23,083 --> 00:48:23,916 thing to imagine. 2826 00:48:23,916 --> 00:48:25,500 You think it will 2827 00:48:25,500 --> 00:48:26,791 once we. 2828 00:48:26,791 --> 00:48:27,875 I actually don't think 2829 00:48:27,875 --> 00:48:29,375 we will have 2830 00:48:29,375 --> 00:48:30,541 every person on 2831 00:48:30,541 --> 00:48:31,666 earth getting richer. 2832 00:48:32,875 --> 00:48:34,291 Once let's 2833 00:48:34,291 --> 00:48:35,666 assume Bitcoin is 2834 00:48:35,666 --> 00:48:36,875 is the is 2835 00:48:36,875 --> 00:48:37,541 this is it 2836 00:48:37,541 --> 00:48:39,625 now with like Bitcoin 2837 00:48:39,625 --> 00:48:40,541 I, 2838 00:48:40,541 --> 00:48:41,166 I feel like it 2839 00:48:41,166 --> 00:48:41,750 just it's 2840 00:48:41,750 --> 00:48:42,625 just stabilizes 2841 00:48:42,625 --> 00:48:44,791 everything and 2842 00:48:44,791 --> 00:48:45,750 the value 2843 00:48:45,750 --> 00:48:46,791 just transfers 2844 00:48:46,791 --> 00:48:48,000 to the most 2845 00:48:48,000 --> 00:48:50,375 like the most valuable 2846 00:48:50,375 --> 00:48:51,625 individuals. 2847 00:48:51,625 --> 00:48:52,750 That you know. 2848 00:48:52,750 --> 00:48:53,125 Okay. 2849 00:48:53,125 --> 00:48:53,916 I slightly 2850 00:48:53,916 --> 00:48:54,416 differ here. 2851 00:48:54,416 --> 00:48:56,458 I think we can have 2852 00:48:56,458 --> 00:48:58,291 like richer 2853 00:48:58,291 --> 00:48:59,125 all the time 2854 00:48:59,125 --> 00:48:59,791 for everyone 2855 00:48:59,791 --> 00:49:01,000 if we truly get hyper 2856 00:49:01,000 --> 00:49:01,416 bitcoin. 2857 00:49:01,416 --> 00:49:02,250 I, I do think 2858 00:49:02,250 --> 00:49:03,708 the purchasing power 2859 00:49:03,708 --> 00:49:05,208 goes up forever 2860 00:49:05,208 --> 00:49:06,916 because like the year 2861 00:49:06,916 --> 00:49:08,666 the every new good 2862 00:49:08,666 --> 00:49:09,416 or a service 2863 00:49:09,416 --> 00:49:10,333 that is put into 2864 00:49:10,333 --> 00:49:11,791 the Bitcoin economy 2865 00:49:11,791 --> 00:49:12,250 makes it 2866 00:49:12,250 --> 00:49:12,708 bigger 2867 00:49:12,708 --> 00:49:13,208 and makes the 2868 00:49:13,208 --> 00:49:13,833 pie bigger 2869 00:49:13,833 --> 00:49:15,500 for everyone in it. 2870 00:49:15,500 --> 00:49:16,125 And I think that 2871 00:49:16,125 --> 00:49:16,833 that's a process 2872 00:49:16,833 --> 00:49:17,541 that never stops. 2873 00:49:17,541 --> 00:49:18,833 But what does change, 2874 00:49:18,833 --> 00:49:19,291 though, is 2875 00:49:19,291 --> 00:49:20,625 people's behavior. 2876 00:49:20,625 --> 00:49:21,500 Because when 2877 00:49:21,500 --> 00:49:22,416 you have money 2878 00:49:22,416 --> 00:49:22,833 that will 2879 00:49:22,833 --> 00:49:23,750 grow in value 2880 00:49:23,750 --> 00:49:25,833 over time forever, 2881 00:49:25,833 --> 00:49:27,000 you will refer 2882 00:49:27,000 --> 00:49:27,958 from defer 2883 00:49:27,958 --> 00:49:28,708 from spending 2884 00:49:28,708 --> 00:49:30,083 like you will not be. 2885 00:49:30,083 --> 00:49:30,583 As you're 2886 00:49:30,583 --> 00:49:31,541 not incentivized 2887 00:49:31,541 --> 00:49:32,083 to spend 2888 00:49:32,083 --> 00:49:33,458 as much anymore. 2889 00:49:33,458 --> 00:49:33,708 You are 2890 00:49:33,708 --> 00:49:34,666 incentivized to 2891 00:49:34,666 --> 00:49:35,958 to be careful 2892 00:49:35,958 --> 00:49:36,500 with what 2893 00:49:36,500 --> 00:49:36,875 you use 2894 00:49:36,875 --> 00:49:38,166 your bitcoins for 2895 00:49:38,166 --> 00:49:39,750 or your satoshis for. 2896 00:49:39,750 --> 00:49:40,208 So. 2897 00:49:40,208 --> 00:49:41,375 So I think in the end, 2898 00:49:41,375 --> 00:49:42,333 like we'll 2899 00:49:42,333 --> 00:49:43,041 be helping 2900 00:49:43,041 --> 00:49:44,375 each other out, 2901 00:49:44,375 --> 00:49:45,541 a lot more 2902 00:49:45,541 --> 00:49:47,500 and only spent SATs 2903 00:49:47,500 --> 00:49:49,000 like a few 2904 00:49:49,000 --> 00:49:49,708 few times 2905 00:49:49,708 --> 00:49:51,666 per life, maybe. 2906 00:49:51,666 --> 00:49:52,333 So for really 2907 00:49:52,333 --> 00:49:53,333 big things to move 2908 00:49:53,333 --> 00:49:54,333 things around and 2909 00:49:54,333 --> 00:49:55,583 the rest will just be, 2910 00:49:56,750 --> 00:49:58,708 somewhat of a utopian. 2911 00:49:58,708 --> 00:49:59,666 We can all help one 2912 00:49:59,666 --> 00:50:00,833 another really 2913 00:50:00,833 --> 00:50:01,416 get along. 2914 00:50:01,416 --> 00:50:02,291 Value for value. 2915 00:50:02,291 --> 00:50:02,750 Good, 2916 00:50:02,750 --> 00:50:03,416 good stuff 2917 00:50:03,416 --> 00:50:04,416 happening everywhere. 2918 00:50:04,416 --> 00:50:05,250 Like barter system. 2919 00:50:05,250 --> 00:50:06,208 You figure, 2920 00:50:06,208 --> 00:50:07,333 not really barter 2921 00:50:07,333 --> 00:50:07,916 because, like, 2922 00:50:07,916 --> 00:50:08,791 money is important 2923 00:50:08,791 --> 00:50:09,875 for economic 2924 00:50:09,875 --> 00:50:11,375 calculation, 2925 00:50:11,375 --> 00:50:12,583 but we can do that 2926 00:50:12,583 --> 00:50:13,375 like we don't 2927 00:50:13,375 --> 00:50:14,375 really need, like 2928 00:50:14,375 --> 00:50:15,666 if we have trust 2929 00:50:15,666 --> 00:50:16,166 in the base 2930 00:50:16,166 --> 00:50:16,625 layer of 2931 00:50:16,625 --> 00:50:19,625 society, then, 2932 00:50:19,708 --> 00:50:20,500 if you can trust 2933 00:50:20,500 --> 00:50:21,000 other people, 2934 00:50:21,000 --> 00:50:21,708 if you could trust 2935 00:50:21,708 --> 00:50:22,291 other people, 2936 00:50:22,291 --> 00:50:22,625 you wouldn't 2937 00:50:22,625 --> 00:50:23,500 need proof of work 2938 00:50:23,500 --> 00:50:24,333 or any of this decent 2939 00:50:24,333 --> 00:50:25,000 sterilization 2940 00:50:25,000 --> 00:50:25,416 bullshit. 2941 00:50:25,416 --> 00:50:26,833 You could just, like, 2942 00:50:26,833 --> 00:50:27,166 have a 2943 00:50:27,166 --> 00:50:28,541 ginormous spreadsheet 2944 00:50:28,541 --> 00:50:29,541 for everyone on Earth 2945 00:50:29,541 --> 00:50:30,250 and just trust 2946 00:50:30,250 --> 00:50:31,708 someone with it. 2947 00:50:31,708 --> 00:50:32,625 And that doesn't work. 2948 00:50:32,625 --> 00:50:33,375 That's that's 2949 00:50:33,375 --> 00:50:33,833 the system 2950 00:50:33,833 --> 00:50:34,416 we have now. 2951 00:50:34,416 --> 00:50:35,041 And it's always 2952 00:50:35,041 --> 00:50:35,708 been abused 2953 00:50:35,708 --> 00:50:36,708 like, yeah, 2954 00:50:36,708 --> 00:50:37,375 so but 2955 00:50:37,375 --> 00:50:38,291 it would be way 2956 00:50:38,291 --> 00:50:39,083 more convenient 2957 00:50:39,083 --> 00:50:39,750 because we wouldn't 2958 00:50:39,750 --> 00:50:41,208 need all this node 2959 00:50:41,208 --> 00:50:42,250 running and stuff 2960 00:50:42,250 --> 00:50:42,583 then. 2961 00:50:42,583 --> 00:50:43,708 And resource 2962 00:50:43,708 --> 00:50:46,625 consuming stuff now. 2963 00:50:46,625 --> 00:50:47,375 Unfortunately 2964 00:50:47,375 --> 00:50:48,375 we do and that, 2965 00:50:48,375 --> 00:50:49,625 but the irony of that 2966 00:50:49,625 --> 00:50:50,000 is that 2967 00:50:50,000 --> 00:50:50,583 I think that 2968 00:50:50,583 --> 00:50:51,500 at some point 2969 00:50:51,500 --> 00:50:52,125 that this is 2970 00:50:52,125 --> 00:50:53,083 deep stuff 2971 00:50:53,083 --> 00:50:53,791 and way 2972 00:50:53,791 --> 00:50:54,666 ahead in the future. 2973 00:50:54,666 --> 00:50:55,750 But I think 2974 00:50:55,750 --> 00:50:56,666 if we have a base 2975 00:50:56,666 --> 00:50:57,333 layer of trust, 2976 00:50:57,333 --> 00:50:58,666 like the 2977 00:50:58,666 --> 00:50:59,250 there is no 2978 00:50:59,250 --> 00:51:00,166 second best, 2979 00:51:00,166 --> 00:51:01,500 but the second best 2980 00:51:01,500 --> 00:51:01,875 is your 2981 00:51:01,875 --> 00:51:03,041 reputational capital. 2982 00:51:03,041 --> 00:51:03,541 It's like 2983 00:51:03,541 --> 00:51:04,500 how trustworthy 2984 00:51:04,500 --> 00:51:04,833 you are. 2985 00:51:04,833 --> 00:51:05,083 That's 2986 00:51:05,083 --> 00:51:05,833 how you get ahead 2987 00:51:05,833 --> 00:51:06,000 in the 2988 00:51:06,000 --> 00:51:07,083 Bitcoin economy. 2989 00:51:07,083 --> 00:51:07,958 If you have shown 2990 00:51:07,958 --> 00:51:08,916 to be trustworthy 2991 00:51:08,916 --> 00:51:10,083 over a long time, 2992 00:51:10,083 --> 00:51:11,125 then yeah, 2993 00:51:12,125 --> 00:51:12,791 why wouldn't 2994 00:51:12,791 --> 00:51:13,625 people trust you? 2995 00:51:13,625 --> 00:51:14,583 And if they trust you, 2996 00:51:14,583 --> 00:51:15,125 you don't really 2997 00:51:15,125 --> 00:51:15,875 need money. 2998 00:51:15,875 --> 00:51:16,833 You can just keep 2999 00:51:16,833 --> 00:51:17,875 a tab on the other guy 3000 00:51:17,875 --> 00:51:18,875 and have that 3001 00:51:18,875 --> 00:51:20,208 tab forever. 3002 00:51:20,208 --> 00:51:21,000 That's sort of what 3003 00:51:21,000 --> 00:51:21,875 the Lightning Network 3004 00:51:21,875 --> 00:51:23,500 is, by the way. 3005 00:51:23,500 --> 00:51:24,500 In a sense. 3006 00:51:24,500 --> 00:51:25,291 But but it's 3007 00:51:25,291 --> 00:51:26,791 more trustless. 3008 00:51:26,791 --> 00:51:27,333 But still, 3009 00:51:27,333 --> 00:51:27,750 I think 3010 00:51:27,750 --> 00:51:29,416 all these other things 3011 00:51:29,416 --> 00:51:31,000 will develop over time 3012 00:51:31,000 --> 00:51:31,541 that we can't 3013 00:51:31,541 --> 00:51:32,500 even envision now 3014 00:51:32,500 --> 00:51:32,958 because we're 3015 00:51:32,958 --> 00:51:34,041 so entrenched 3016 00:51:34,041 --> 00:51:35,125 in the fiat world. 3017 00:51:35,125 --> 00:51:36,416 And how that works. 3018 00:51:36,416 --> 00:51:37,791 But on a Bitcoin, 3019 00:51:37,791 --> 00:51:38,875 standard, where, 3020 00:51:38,875 --> 00:51:39,375 where you have 3021 00:51:39,375 --> 00:51:39,958 this base 3022 00:51:39,958 --> 00:51:42,083 layer of all, 3023 00:51:42,083 --> 00:51:43,125 all society 3024 00:51:43,125 --> 00:51:44,916 on like all of 3025 00:51:44,916 --> 00:51:46,291 civilizational base 3026 00:51:46,291 --> 00:51:47,583 layer of 3027 00:51:47,583 --> 00:51:48,875 don't trust verify 3028 00:51:48,875 --> 00:51:49,916 that ironically 3029 00:51:49,916 --> 00:51:51,083 leads to yeah, 3030 00:51:51,083 --> 00:51:51,583 you can trust 3031 00:51:51,583 --> 00:51:52,166 everyone now 3032 00:51:52,166 --> 00:51:53,250 because 3033 00:51:53,250 --> 00:51:53,791 we know that 3034 00:51:53,791 --> 00:51:54,208 we're doing 3035 00:51:54,208 --> 00:51:55,083 our verification. 3036 00:51:55,083 --> 00:51:56,416 So we are trustworthy. 3037 00:51:56,416 --> 00:51:56,916 All of us. 3038 00:51:56,916 --> 00:51:58,541 Like that would 3039 00:51:58,541 --> 00:51:59,375 lead to something 3040 00:51:59,375 --> 00:52:00,208 completely different 3041 00:52:00,208 --> 00:52:00,541 to what 3042 00:52:00,541 --> 00:52:01,291 we're living in now. 3043 00:52:01,291 --> 00:52:02,750 Then like, 3044 00:52:02,750 --> 00:52:03,833 I mean, throw them out 3045 00:52:03,833 --> 00:52:05,208 in 50 years, 50 3046 00:52:05,208 --> 00:52:06,166 generations down 3047 00:52:06,166 --> 00:52:06,916 the line. Like, 3048 00:52:08,250 --> 00:52:08,708 what does that 3049 00:52:08,708 --> 00:52:09,375 even look like? 3050 00:52:09,375 --> 00:52:10,541 Like it's impossible 3051 00:52:10,541 --> 00:52:10,833 to wrap 3052 00:52:10,833 --> 00:52:11,541 your head around. 3053 00:52:11,541 --> 00:52:12,458 And I think 3054 00:52:12,458 --> 00:52:15,416 this is such a. 3055 00:52:15,416 --> 00:52:16,708 Monumental shift 3056 00:52:16,708 --> 00:52:17,625 in how human 3057 00:52:17,625 --> 00:52:18,416 beings operate. 3058 00:52:18,416 --> 00:52:19,500 Like, we can't. 3059 00:52:19,500 --> 00:52:20,833 We've only just 3060 00:52:20,833 --> 00:52:21,791 barely scratched 3061 00:52:21,791 --> 00:52:22,833 the surface of what 3062 00:52:22,833 --> 00:52:23,375 this leads 3063 00:52:23,375 --> 00:52:25,708 to, incentive for it 3064 00:52:25,708 --> 00:52:26,458 look wise 3065 00:52:26,458 --> 00:52:27,333 over generations, 3066 00:52:27,333 --> 00:52:28,416 and I can see Lucas 3067 00:52:28,416 --> 00:52:28,958 getting bored 3068 00:52:28,958 --> 00:52:31,250 with my rant here, 3069 00:52:31,250 --> 00:52:33,125 but. 3070 00:52:33,125 --> 00:52:35,416 Yeah. 3071 00:52:35,416 --> 00:52:36,458 I'm pretty sure 3072 00:52:36,458 --> 00:52:36,750 this is 3073 00:52:36,750 --> 00:52:38,708 just your way of, 3074 00:52:38,708 --> 00:52:39,625 of taking a break, 3075 00:52:39,625 --> 00:52:41,166 right? Cuz, see? 3076 00:52:41,166 --> 00:52:42,541 Yeah, maybe it is. 3077 00:52:42,541 --> 00:52:43,416 Maybe. Oh, yeah. 3078 00:52:43,416 --> 00:52:44,416 I should let you in. 3079 00:52:44,416 --> 00:52:44,625 Look, 3080 00:52:44,625 --> 00:52:45,583 I I've been ranting 3081 00:52:45,583 --> 00:52:46,291 for a long time, 3082 00:52:46,291 --> 00:52:47,166 I don't. Yeah, yeah. 3083 00:52:47,166 --> 00:52:47,958 I don't mind you. 3084 00:52:47,958 --> 00:52:48,166 Yeah. 3085 00:52:48,166 --> 00:52:48,958 You're in your element 3086 00:52:48,958 --> 00:52:49,208 today. 3087 00:52:49,208 --> 00:52:50,250 This is, this is nice. 3088 00:52:50,250 --> 00:52:51,916 Oh no, I love it. 3089 00:52:51,916 --> 00:52:53,500 I mean, I, I'm, 3090 00:52:53,500 --> 00:52:54,125 I don't think 3091 00:52:54,125 --> 00:52:55,250 continuing this thread 3092 00:52:55,250 --> 00:52:55,625 like this, 3093 00:52:55,625 --> 00:52:56,416 this has been going, 3094 00:52:56,416 --> 00:52:57,666 going, going, 3095 00:52:57,666 --> 00:52:59,375 we we partially, 3096 00:52:59,375 --> 00:53:00,583 did did the thing 3097 00:53:00,583 --> 00:53:02,125 where like you gave 3098 00:53:02,125 --> 00:53:03,708 your really quick 3099 00:53:03,708 --> 00:53:05,416 tldr, but, 3100 00:53:05,416 --> 00:53:06,291 we didn't dig 3101 00:53:06,291 --> 00:53:07,708 into like cat 3102 00:53:07,708 --> 00:53:08,583 how you got into 3103 00:53:08,583 --> 00:53:09,875 bitcoin and, and like, 3104 00:53:11,125 --> 00:53:12,666 how you, you ended up 3105 00:53:12,666 --> 00:53:13,583 building this, 3106 00:53:13,583 --> 00:53:14,333 this business. 3107 00:53:14,333 --> 00:53:15,625 I'm, I'm interested in 3108 00:53:15,625 --> 00:53:16,458 that side of things. 3109 00:53:16,458 --> 00:53:17,375 So can can you 3110 00:53:17,375 --> 00:53:18,458 go into that 3111 00:53:18,458 --> 00:53:19,125 a little bit. 3112 00:53:19,125 --> 00:53:19,583 How did this 3113 00:53:19,583 --> 00:53:21,375 all start for you. 3114 00:53:21,375 --> 00:53:23,625 Yeah. Finding 3115 00:53:23,625 --> 00:53:24,958 finding bitcoin 3116 00:53:24,958 --> 00:53:26,541 like in 2013 3117 00:53:26,541 --> 00:53:27,333 was was 3118 00:53:27,333 --> 00:53:28,333 was like 3119 00:53:28,333 --> 00:53:28,625 very, 3120 00:53:28,625 --> 00:53:31,250 very interesting. 3121 00:53:31,250 --> 00:53:32,500 And I, 3122 00:53:32,500 --> 00:53:32,916 I didn't 3123 00:53:32,916 --> 00:53:34,500 fully understand it 3124 00:53:34,500 --> 00:53:35,791 for, for years 3125 00:53:35,791 --> 00:53:36,500 probably probably 3126 00:53:36,500 --> 00:53:36,875 still don't 3127 00:53:36,875 --> 00:53:38,625 fully understand it. 3128 00:53:38,625 --> 00:53:39,625 But went down this 3129 00:53:39,625 --> 00:53:40,958 path of kind of 3130 00:53:40,958 --> 00:53:41,791 trying to poke 3131 00:53:41,791 --> 00:53:42,875 holes in Bitcoin 3132 00:53:42,875 --> 00:53:43,291 and then 3133 00:53:43,291 --> 00:53:44,333 and then understanding 3134 00:53:44,333 --> 00:53:45,416 that, 3135 00:53:45,416 --> 00:53:46,916 oh, like 3136 00:53:46,916 --> 00:53:47,541 cryptography 3137 00:53:47,541 --> 00:53:48,000 makes sense. 3138 00:53:48,000 --> 00:53:48,666 Like this. 3139 00:53:48,666 --> 00:53:49,583 And money makes sense 3140 00:53:49,583 --> 00:53:50,208 like this. 3141 00:53:50,208 --> 00:53:50,916 And proof of work 3142 00:53:50,916 --> 00:53:51,416 makes sense. 3143 00:53:51,416 --> 00:53:52,000 Like this. 3144 00:53:52,000 --> 00:53:52,916 And, you know, 3145 00:53:52,916 --> 00:53:53,750 maybe I was lucky 3146 00:53:53,750 --> 00:53:54,291 at the time 3147 00:53:54,291 --> 00:53:55,125 there was no FUD 3148 00:53:55,125 --> 00:53:55,916 around Bitcoin. 3149 00:53:55,916 --> 00:53:56,666 There was no news 3150 00:53:56,666 --> 00:53:57,333 around Bitcoin. 3151 00:53:57,333 --> 00:53:58,333 It was just 3152 00:53:58,333 --> 00:53:59,500 it just existed. 3153 00:53:59,500 --> 00:54:00,500 It was like 100 bucks. 3154 00:54:01,958 --> 00:54:02,916 And it was 3155 00:54:02,916 --> 00:54:04,625 on nobody's radar. 3156 00:54:04,625 --> 00:54:07,833 And then moving into 3157 00:54:08,083 --> 00:54:09,041 buying Bitcoin 3158 00:54:09,041 --> 00:54:10,333 ATMs was my 3159 00:54:10,333 --> 00:54:10,791 what was 3160 00:54:10,791 --> 00:54:12,250 was my first 3161 00:54:12,250 --> 00:54:12,791 venture 3162 00:54:12,791 --> 00:54:13,458 into the space. 3163 00:54:13,458 --> 00:54:14,375 I bought a Bitcoin 3164 00:54:14,375 --> 00:54:15,708 ATM in Alberta. 3165 00:54:15,708 --> 00:54:16,291 We were the 3166 00:54:16,291 --> 00:54:18,166 first one in Alberta, 3167 00:54:18,166 --> 00:54:18,958 which was cool or like 3168 00:54:18,958 --> 00:54:19,625 I think the second 3169 00:54:19,625 --> 00:54:20,166 or the third 3170 00:54:20,166 --> 00:54:22,208 in Canada. 3171 00:54:22,208 --> 00:54:23,250 For, you know, 3172 00:54:23,250 --> 00:54:23,791 one of the first 3173 00:54:23,791 --> 00:54:24,458 in the world. 3174 00:54:24,458 --> 00:54:25,500 And that was awesome. 3175 00:54:25,500 --> 00:54:26,916 And so we, 3176 00:54:26,916 --> 00:54:27,625 we built this 3177 00:54:27,625 --> 00:54:28,750 ATM or we, 3178 00:54:28,750 --> 00:54:29,250 we bought this 3179 00:54:29,250 --> 00:54:30,166 ATM, deployed 3180 00:54:30,166 --> 00:54:31,291 it, started operating 3181 00:54:31,291 --> 00:54:32,708 it, bought some more, 3182 00:54:32,708 --> 00:54:35,041 bought some more. 3183 00:54:35,041 --> 00:54:35,583 And then before 3184 00:54:35,583 --> 00:54:37,583 we knew it, we had, 3185 00:54:37,583 --> 00:54:38,041 you know, whatever 3186 00:54:38,041 --> 00:54:38,916 20 ATMs 3187 00:54:38,916 --> 00:54:39,333 or whatever 3188 00:54:39,333 --> 00:54:40,291 around, around 3189 00:54:40,291 --> 00:54:41,916 Western Canada. 3190 00:54:41,916 --> 00:54:44,916 But in that process, 3191 00:54:45,583 --> 00:54:46,791 the like, you know, 3192 00:54:46,791 --> 00:54:47,500 the meme, it's like, 3193 00:54:47,500 --> 00:54:49,875 what radicalized you? 3194 00:54:49,875 --> 00:54:51,000 It was this process 3195 00:54:51,000 --> 00:54:52,208 here of 3196 00:54:52,208 --> 00:54:54,000 of actually losing, 3197 00:54:54,000 --> 00:54:54,750 bank accounts. 3198 00:54:54,750 --> 00:54:56,500 So I am like, 3199 00:54:56,500 --> 00:54:57,416 I'm the most d 3200 00:54:57,416 --> 00:54:58,208 banged man 3201 00:54:58,208 --> 00:54:59,583 in the country. 3202 00:54:59,583 --> 00:55:00,375 I've been banned 3203 00:55:00,375 --> 00:55:01,125 from every single 3204 00:55:01,125 --> 00:55:02,708 major bank in Canada. 3205 00:55:02,708 --> 00:55:03,416 I have been banned 3206 00:55:03,416 --> 00:55:04,333 from most credit 3207 00:55:04,333 --> 00:55:06,000 unions in Alberta. 3208 00:55:06,000 --> 00:55:07,833 And respect that. 3209 00:55:07,833 --> 00:55:08,166 I think, 3210 00:55:10,250 --> 00:55:13,250 and it's, it's, 3211 00:55:13,458 --> 00:55:13,833 it was 3212 00:55:13,833 --> 00:55:15,041 through that process, 3213 00:55:15,041 --> 00:55:15,375 which was a 3214 00:55:15,375 --> 00:55:16,583 couple years 3215 00:55:16,583 --> 00:55:18,041 where I realized 3216 00:55:18,041 --> 00:55:19,750 my actions are always 3217 00:55:19,750 --> 00:55:20,958 is subject 3218 00:55:20,958 --> 00:55:21,958 to the regime, 3219 00:55:21,958 --> 00:55:22,958 my participation 3220 00:55:22,958 --> 00:55:24,041 in the regime, 3221 00:55:24,041 --> 00:55:24,750 and probably 3222 00:55:24,750 --> 00:55:26,333 my political views. 3223 00:55:26,333 --> 00:55:27,666 And that proved, again 3224 00:55:27,666 --> 00:55:29,208 to be true throughout, 3225 00:55:29,208 --> 00:55:30,208 you know, Covid 3226 00:55:30,208 --> 00:55:31,541 and and the 3227 00:55:31,541 --> 00:55:32,875 the horrific ness 3228 00:55:32,875 --> 00:55:33,333 that happened 3229 00:55:33,333 --> 00:55:35,791 here in Canada. 3230 00:55:35,791 --> 00:55:37,291 And so moving 3231 00:55:37,291 --> 00:55:38,333 through this 3232 00:55:38,333 --> 00:55:40,625 process of, 3233 00:55:40,625 --> 00:55:41,708 of, you know, 3234 00:55:41,708 --> 00:55:42,125 having a 3235 00:55:42,125 --> 00:55:43,083 Bitcoin business 3236 00:55:43,083 --> 00:55:43,875 and then being 3237 00:55:43,875 --> 00:55:44,833 basically banished 3238 00:55:44,833 --> 00:55:45,083 from the 3239 00:55:45,083 --> 00:55:46,541 financial system 3240 00:55:46,541 --> 00:55:48,125 that exists today, 3241 00:55:48,125 --> 00:55:48,666 still having 3242 00:55:48,666 --> 00:55:49,833 to pay taxes, 3243 00:55:49,833 --> 00:55:50,041 there's 3244 00:55:50,041 --> 00:55:50,583 this hilarious 3245 00:55:50,583 --> 00:55:52,375 instance. 3246 00:55:52,375 --> 00:55:53,000 So the 3247 00:55:53,000 --> 00:55:54,166 provincial government 3248 00:55:54,166 --> 00:55:54,875 and the federal 3249 00:55:54,875 --> 00:55:55,416 government 3250 00:55:55,416 --> 00:55:56,166 do not allow you 3251 00:55:56,166 --> 00:55:56,916 to pay your taxes 3252 00:55:56,916 --> 00:55:57,958 in cash. 3253 00:55:57,958 --> 00:55:58,875 But I had 3254 00:55:58,875 --> 00:56:00,458 no bank account. 3255 00:56:00,458 --> 00:56:01,500 And so 3256 00:56:01,500 --> 00:56:03,125 they were sending me 3257 00:56:03,125 --> 00:56:03,916 late notice. 3258 00:56:03,916 --> 00:56:05,041 And I was like 3259 00:56:05,041 --> 00:56:05,750 at a loss. 3260 00:56:05,750 --> 00:56:06,250 I was like, 3261 00:56:06,250 --> 00:56:07,041 look, 3262 00:56:07,041 --> 00:56:07,708 happy to pay 3263 00:56:07,708 --> 00:56:08,958 you taxes, 3264 00:56:08,958 --> 00:56:10,750 but like, 3265 00:56:10,750 --> 00:56:11,166 give me a 3266 00:56:11,166 --> 00:56:12,375 bank account. 3267 00:56:12,375 --> 00:56:14,416 Like I said. 3268 00:56:14,416 --> 00:56:14,875 A bank 3269 00:56:14,875 --> 00:56:15,958 account is really 3270 00:56:15,958 --> 00:56:16,958 just a 3271 00:56:16,958 --> 00:56:17,666 two out of three 3272 00:56:17,666 --> 00:56:18,875 multi-sig between you, 3273 00:56:18,875 --> 00:56:19,291 the bank 3274 00:56:19,291 --> 00:56:20,125 and the government, 3275 00:56:20,125 --> 00:56:21,541 100%, 100%. 3276 00:56:21,541 --> 00:56:22,583 And and two out of 3277 00:56:22,583 --> 00:56:23,833 those are in bed 3278 00:56:23,833 --> 00:56:24,583 with one another. 3279 00:56:24,583 --> 00:56:26,041 I mean, the bankers, 3280 00:56:26,041 --> 00:56:26,708 occasionally 3281 00:56:26,708 --> 00:56:28,291 give Justin Castrol 3282 00:56:28,291 --> 00:56:29,666 casual blowjobs, but. 3283 00:56:29,666 --> 00:56:30,333 Yes, but 3284 00:56:30,333 --> 00:56:31,291 you do not like 3285 00:56:31,291 --> 00:56:32,208 and therefore you like 3286 00:56:32,208 --> 00:56:33,208 the no. 3287 00:56:33,208 --> 00:56:34,083 It's a great way 3288 00:56:34,083 --> 00:56:34,625 to explain it. 3289 00:56:34,625 --> 00:56:35,791 A two of three 3290 00:56:35,791 --> 00:56:36,541 with you, 3291 00:56:36,541 --> 00:56:36,916 the bank 3292 00:56:36,916 --> 00:56:37,375 and the government. 3293 00:56:37,375 --> 00:56:38,750 That is 100% 3294 00:56:38,750 --> 00:56:39,541 what it is. 3295 00:56:39,541 --> 00:56:40,875 And so so 3296 00:56:40,875 --> 00:56:41,500 yeah, there was, 3297 00:56:41,500 --> 00:56:42,666 there was yeah. 3298 00:56:42,666 --> 00:56:43,416 I had to like, 3299 00:56:43,416 --> 00:56:44,125 pay my taxes 3300 00:56:44,125 --> 00:56:45,416 in cash and, 3301 00:56:45,416 --> 00:56:45,875 I had to 3302 00:56:45,875 --> 00:56:46,416 arrange this 3303 00:56:46,416 --> 00:56:47,166 big ordeal 3304 00:56:47,166 --> 00:56:48,125 and, and go to the, 3305 00:56:48,125 --> 00:56:48,500 go to the, 3306 00:56:48,500 --> 00:56:49,416 build the building 3307 00:56:49,416 --> 00:56:50,208 and do all that. 3308 00:56:50,208 --> 00:56:51,750 It was, it was, 3309 00:56:51,750 --> 00:56:53,041 it was brutal. 3310 00:56:53,041 --> 00:56:54,916 And, so it was 3311 00:56:54,916 --> 00:56:55,666 it was through 3312 00:56:55,666 --> 00:56:56,541 this process 3313 00:56:56,541 --> 00:56:56,958 that I kind 3314 00:56:56,958 --> 00:56:57,833 of realized 3315 00:56:57,833 --> 00:56:58,541 how important 3316 00:56:58,541 --> 00:56:59,583 Self-custody is. 3317 00:56:59,583 --> 00:57:00,125 And, you know, 3318 00:57:00,125 --> 00:57:00,791 the the, 3319 00:57:00,791 --> 00:57:01,291 the nature 3320 00:57:01,291 --> 00:57:02,250 of Bitcoin ATMs, 3321 00:57:02,250 --> 00:57:02,791 of course, is 3322 00:57:02,791 --> 00:57:03,541 just already 3323 00:57:03,541 --> 00:57:04,625 self-custody focused. 3324 00:57:04,625 --> 00:57:04,833 But, 3325 00:57:06,750 --> 00:57:07,625 understanding the 3326 00:57:07,625 --> 00:57:09,666 importance of needing, 3327 00:57:09,666 --> 00:57:10,416 like I 3328 00:57:10,416 --> 00:57:11,625 uniquely need 3329 00:57:11,625 --> 00:57:12,541 to interact 3330 00:57:12,541 --> 00:57:13,875 with the fiat system. 3331 00:57:13,875 --> 00:57:14,458 Cannot buy 3332 00:57:14,458 --> 00:57:15,291 a house in cash. 3333 00:57:15,291 --> 00:57:15,750 You cannot buy a 3334 00:57:15,750 --> 00:57:16,583 car in cash. 3335 00:57:16,583 --> 00:57:16,833 You cannot 3336 00:57:16,833 --> 00:57:17,458 pay your taxes 3337 00:57:17,458 --> 00:57:18,416 in cash. 3338 00:57:18,416 --> 00:57:18,958 Frankly, 3339 00:57:18,958 --> 00:57:19,666 I can barely 3340 00:57:19,666 --> 00:57:20,416 go down the street 3341 00:57:20,416 --> 00:57:22,583 and buy a sandwich 3342 00:57:22,583 --> 00:57:24,000 with cash. 3343 00:57:24,000 --> 00:57:26,291 And so having that, 3344 00:57:26,291 --> 00:57:27,583 you know, work 3345 00:57:27,583 --> 00:57:29,250 not in my favor 3346 00:57:29,250 --> 00:57:31,458 led me to building 3347 00:57:31,458 --> 00:57:32,166 what is now 3348 00:57:32,166 --> 00:57:33,333 Bitcoin well, 3349 00:57:33,333 --> 00:57:34,666 which is 3350 00:57:34,666 --> 00:57:35,125 effectively 3351 00:57:35,125 --> 00:57:36,250 the conduit between 3352 00:57:36,250 --> 00:57:36,666 Bitcoin 3353 00:57:36,666 --> 00:57:38,041 and Self-custody 3354 00:57:38,041 --> 00:57:39,208 and the 3355 00:57:39,208 --> 00:57:39,916 the legacy 3356 00:57:39,916 --> 00:57:40,708 financial system 3357 00:57:40,708 --> 00:57:41,250 for as long 3358 00:57:41,250 --> 00:57:42,583 as it's going to last. 3359 00:57:42,583 --> 00:57:45,000 And I think that it's 3360 00:57:45,000 --> 00:57:45,416 yeah, it's 3361 00:57:45,416 --> 00:57:46,208 been a fun journey. 3362 00:57:46,208 --> 00:57:46,708 Like lots 3363 00:57:46,708 --> 00:57:47,166 of learnings. 3364 00:57:47,166 --> 00:57:47,625 I mean, even 3365 00:57:47,625 --> 00:57:49,833 now we've got 3366 00:57:49,833 --> 00:57:50,375 we've got an 3367 00:57:50,375 --> 00:57:51,750 error internally. 3368 00:57:51,750 --> 00:57:52,583 So what happens 3369 00:57:52,583 --> 00:57:53,416 is in Canada, 3370 00:57:53,416 --> 00:57:54,125 as I'm sure 3371 00:57:54,125 --> 00:57:55,375 you remember 3372 00:57:55,375 --> 00:57:56,625 the E-transfer system, 3373 00:57:56,625 --> 00:57:57,125 you log into 3374 00:57:57,125 --> 00:57:57,625 your bank, 3375 00:57:57,625 --> 00:57:58,958 you can send, 3376 00:57:58,958 --> 00:57:59,916 a transfer 3377 00:57:59,916 --> 00:58:00,541 through this 3378 00:58:00,541 --> 00:58:01,625 centralized system 3379 00:58:01,625 --> 00:58:02,583 called Interac, 3380 00:58:02,583 --> 00:58:03,041 and it goes 3381 00:58:03,041 --> 00:58:03,958 from bank to bank 3382 00:58:03,958 --> 00:58:05,375 anywhere in Canada. 3383 00:58:05,375 --> 00:58:06,250 And we use this. 3384 00:58:06,250 --> 00:58:06,625 So you, 3385 00:58:06,625 --> 00:58:06,958 you know, 3386 00:58:06,958 --> 00:58:08,333 our customers log in, 3387 00:58:08,333 --> 00:58:08,791 send us 3388 00:58:08,791 --> 00:58:10,208 an Iraqi transfer 3389 00:58:10,208 --> 00:58:10,500 and then 3390 00:58:10,500 --> 00:58:11,750 we send them Bitcoin. 3391 00:58:11,750 --> 00:58:12,416 But the banks 3392 00:58:12,416 --> 00:58:12,708 have started 3393 00:58:12,708 --> 00:58:13,458 blocking 3394 00:58:13,458 --> 00:58:14,583 Interac transfers 3395 00:58:14,583 --> 00:58:15,750 to us. 3396 00:58:15,750 --> 00:58:16,333 One of my friends, 3397 00:58:16,333 --> 00:58:16,875 Saxony, 3398 00:58:16,875 --> 00:58:18,166 signed his mom up 3399 00:58:18,166 --> 00:58:19,083 and he's like, hey, 3400 00:58:19,083 --> 00:58:19,500 it says the 3401 00:58:19,500 --> 00:58:20,625 the contact 3402 00:58:20,625 --> 00:58:21,541 denied 3403 00:58:21,541 --> 00:58:22,500 the transaction. 3404 00:58:22,500 --> 00:58:22,791 What are you 3405 00:58:22,791 --> 00:58:23,791 guys doing now? 3406 00:58:23,791 --> 00:58:24,416 I was like, nah, 3407 00:58:24,416 --> 00:58:25,166 the bank block. 3408 00:58:25,166 --> 00:58:25,333 He's like, 3409 00:58:25,333 --> 00:58:25,750 no, no, no, no. 3410 00:58:25,750 --> 00:58:26,916 I called the bank. 3411 00:58:26,916 --> 00:58:27,500 They said 3412 00:58:27,500 --> 00:58:28,416 they denied it. 3413 00:58:28,416 --> 00:58:29,291 And or 3414 00:58:29,291 --> 00:58:29,791 they said that 3415 00:58:29,791 --> 00:58:30,916 you declined it. 3416 00:58:30,916 --> 00:58:32,333 And I was like, look, 3417 00:58:32,333 --> 00:58:33,875 if you have the time, 3418 00:58:33,875 --> 00:58:34,416 go through 3419 00:58:34,416 --> 00:58:35,083 this process 3420 00:58:35,083 --> 00:58:35,791 with them. 3421 00:58:35,791 --> 00:58:36,125 Here's 3422 00:58:36,125 --> 00:58:37,416 the questions to ask. 3423 00:58:37,416 --> 00:58:37,791 Here's 3424 00:58:37,791 --> 00:58:38,375 the things you have 3425 00:58:38,375 --> 00:58:39,416 to push on 3426 00:58:39,416 --> 00:58:39,958 and tell me 3427 00:58:39,958 --> 00:58:40,708 what the answer is. 3428 00:58:40,708 --> 00:58:41,791 At the other side, 3429 00:58:41,791 --> 00:58:42,375 he goes through 3430 00:58:42,375 --> 00:58:43,833 five different people, 3431 00:58:43,833 --> 00:58:44,875 two hours 3432 00:58:44,875 --> 00:58:45,958 on the phone, 3433 00:58:45,958 --> 00:58:46,625 and he says 3434 00:58:46,625 --> 00:58:47,791 at the end of it 3435 00:58:47,791 --> 00:58:48,208 they said, 3436 00:58:48,208 --> 00:58:49,083 oh yeah, 3437 00:58:49,083 --> 00:58:50,583 we actually did 3438 00:58:50,583 --> 00:58:51,083 prevent 3439 00:58:51,083 --> 00:58:51,916 this transaction 3440 00:58:51,916 --> 00:58:52,708 from going through. 3441 00:58:52,708 --> 00:58:54,875 We were lying to you. 3442 00:58:54,875 --> 00:58:55,666 But this is for 3443 00:58:55,666 --> 00:58:57,208 your protection. 3444 00:58:57,208 --> 00:58:59,541 And it is shocking. 3445 00:58:59,541 --> 00:59:00,750 The, 3446 00:59:00,750 --> 00:59:01,500 the attitude 3447 00:59:01,500 --> 00:59:01,708 that the 3448 00:59:01,708 --> 00:59:02,416 banking system 3449 00:59:02,416 --> 00:59:03,541 has towards Bitcoin. 3450 00:59:03,541 --> 00:59:04,291 And so anyways, 3451 00:59:04,291 --> 00:59:05,291 back to the error. 3452 00:59:05,291 --> 00:59:06,125 Internally 3453 00:59:06,125 --> 00:59:07,083 we have an error 3454 00:59:07,083 --> 00:59:07,583 that's called 3455 00:59:07,583 --> 00:59:08,375 fuck your bank. 3456 00:59:09,583 --> 00:59:10,416 And that's, that's the 3457 00:59:10,416 --> 00:59:11,541 internal code for it. 3458 00:59:11,541 --> 00:59:12,291 And when there's 3459 00:59:12,291 --> 00:59:12,583 a, there's 3460 00:59:12,583 --> 00:59:13,416 a certain code 3461 00:59:13,416 --> 00:59:15,166 that happens 3462 00:59:15,166 --> 00:59:15,916 the majority 3463 00:59:15,916 --> 00:59:17,416 of the time when, 3464 00:59:17,416 --> 00:59:18,458 when a bank blocks 3465 00:59:18,458 --> 00:59:19,208 our transaction 3466 00:59:19,208 --> 00:59:20,125 and we have to send 3467 00:59:20,125 --> 00:59:21,000 an email 3468 00:59:21,000 --> 00:59:22,000 with, like, 3469 00:59:22,000 --> 00:59:23,375 alternative ways to, 3470 00:59:23,375 --> 00:59:24,541 to buy Bitcoin. 3471 00:59:24,541 --> 00:59:24,875 We're a 3472 00:59:24,875 --> 00:59:25,625 legal business. 3473 00:59:25,625 --> 00:59:26,958 We're publicly traded 3474 00:59:26,958 --> 00:59:27,708 in Canada 3475 00:59:27,708 --> 00:59:29,375 and in the USA. 3476 00:59:29,375 --> 00:59:31,333 We pay our taxes, 3477 00:59:31,333 --> 00:59:32,875 and yet we cannot have 3478 00:59:32,875 --> 00:59:33,458 a customer 3479 00:59:33,458 --> 00:59:35,708 send us 100 bucks, 3480 00:59:35,708 --> 00:59:37,833 because we're Bitcoin 3481 00:59:37,833 --> 00:59:40,000 and it's, 3482 00:59:40,000 --> 00:59:40,833 this is again, 3483 00:59:40,833 --> 00:59:41,166 this is the 3484 00:59:41,166 --> 00:59:41,958 Cobra effect 3485 00:59:41,958 --> 00:59:43,083 playing out. 3486 00:59:43,083 --> 00:59:45,166 And 3487 00:59:45,166 --> 00:59:46,416 they hide behind 3488 00:59:46,416 --> 00:59:47,166 the guys 3489 00:59:47,166 --> 00:59:48,083 that there's fraud 3490 00:59:48,083 --> 00:59:49,291 in our industry, 3491 00:59:49,291 --> 00:59:50,250 which is true. 3492 00:59:50,250 --> 00:59:51,000 There is fraud 3493 00:59:51,000 --> 00:59:52,083 in our industry 3494 00:59:52,083 --> 00:59:53,500 having non 3495 00:59:53,500 --> 00:59:55,833 undoable money 3496 00:59:55,833 --> 00:59:56,708 is a is a 3497 00:59:56,708 --> 00:59:57,708 haven for fraud. 3498 00:59:57,708 --> 00:59:58,375 For fraud 3499 00:59:58,375 --> 00:59:59,166 with stupid people. 3500 00:59:59,166 --> 01:00:00,250 There's a 3501 01:00:00,250 --> 01:00:00,541 there's 3502 01:00:00,541 --> 01:00:01,500 a lot of people 3503 01:00:01,500 --> 01:00:01,958 that are going 3504 01:00:01,958 --> 01:00:03,708 to be scammed 3505 01:00:03,708 --> 01:00:04,333 that have just 3506 01:00:04,333 --> 01:00:05,083 blindly been 3507 01:00:05,083 --> 01:00:05,583 trusting 3508 01:00:05,583 --> 01:00:06,500 the fiat system 3509 01:00:06,500 --> 01:00:07,500 to protect them 3510 01:00:07,500 --> 01:00:07,916 and that 3511 01:00:07,916 --> 01:00:09,166 protection is gone. 3512 01:00:09,166 --> 01:00:09,958 And so, 3513 01:00:11,041 --> 01:00:11,833 there is going to 3514 01:00:11,833 --> 01:00:12,416 be a turbulent 3515 01:00:12,416 --> 01:00:13,291 window of time here 3516 01:00:13,291 --> 01:00:13,416 where 3517 01:00:13,416 --> 01:00:14,083 lots of people 3518 01:00:14,083 --> 01:00:14,916 get scammed. 3519 01:00:14,916 --> 01:00:16,833 But 3520 01:00:16,833 --> 01:00:18,125 the 3521 01:00:18,125 --> 01:00:18,791 the response 3522 01:00:18,791 --> 01:00:19,125 is not 3523 01:00:19,125 --> 01:00:20,916 more governance. 3524 01:00:20,916 --> 01:00:21,541 The governance 3525 01:00:21,541 --> 01:00:23,458 created this problem. 3526 01:00:23,458 --> 01:00:24,291 If we think that 3527 01:00:24,291 --> 01:00:25,041 the bureaucrats 3528 01:00:25,041 --> 01:00:25,666 are ever going 3529 01:00:25,666 --> 01:00:26,750 to be smarter 3530 01:00:26,750 --> 01:00:28,500 than the tiny free 3531 01:00:28,500 --> 01:00:29,500 market scammers 3532 01:00:29,500 --> 01:00:30,458 who have no morals 3533 01:00:30,458 --> 01:00:31,375 and no laws, 3534 01:00:31,375 --> 01:00:32,416 like we're lying. 3535 01:00:32,416 --> 01:00:32,708 I mean, 3536 01:00:32,708 --> 01:00:33,708 it's showing up to a 3537 01:00:33,708 --> 01:00:34,625 to a gunfight 3538 01:00:34,625 --> 01:00:35,250 with a knife. 3539 01:00:35,250 --> 01:00:36,000 You don't have 3540 01:00:36,000 --> 01:00:37,208 the same tools 3541 01:00:37,208 --> 01:00:38,791 and so yeah. 3542 01:00:38,791 --> 01:00:39,208 Anyways, 3543 01:00:39,208 --> 01:00:40,208 all that to say 3544 01:00:40,208 --> 01:00:40,833 Bitcoin. 3545 01:00:40,833 --> 01:00:42,125 Well, 3546 01:00:42,125 --> 01:00:43,125 is that conduit 3547 01:00:43,125 --> 01:00:44,750 from self-custody 3548 01:00:44,750 --> 01:00:46,833 to fiat land. 3549 01:00:46,833 --> 01:00:47,666 Because we still 3550 01:00:47,666 --> 01:00:48,375 need to live 3551 01:00:48,375 --> 01:00:50,125 in, in fiat land. 3552 01:00:50,125 --> 01:00:51,333 We have this other. 3553 01:00:51,333 --> 01:00:51,666 I'm just on 3554 01:00:51,666 --> 01:00:52,291 stories now. 3555 01:00:52,291 --> 01:00:53,291 But you go ahead 3556 01:00:53,291 --> 01:00:54,250 if you've got. 3557 01:00:54,250 --> 01:00:54,541 No. 3558 01:00:54,541 --> 01:00:55,458 I just think 3559 01:00:55,458 --> 01:00:56,500 of the analogy like 3560 01:00:56,500 --> 01:00:57,375 with the bureaucrats 3561 01:00:57,375 --> 01:00:58,916 being more like, 3562 01:00:58,916 --> 01:00:59,666 you're going 3563 01:00:59,666 --> 01:01:00,750 into a nuclear war 3564 01:01:00,750 --> 01:01:02,458 with a spork. 3565 01:01:02,458 --> 01:01:03,541 Literally, 3566 01:01:03,541 --> 01:01:05,000 literally like you've 3567 01:01:05,000 --> 01:01:06,041 got a close 3568 01:01:06,041 --> 01:01:08,208 range weapon in, 3569 01:01:08,208 --> 01:01:09,166 in a global 3570 01:01:09,166 --> 01:01:09,916 battle, like, 3571 01:01:09,916 --> 01:01:10,375 what are you 3572 01:01:10,375 --> 01:01:11,166 going to be doing? 3573 01:01:12,666 --> 01:01:13,250 That was this 3574 01:01:13,250 --> 01:01:15,208 one instance. 3575 01:01:15,208 --> 01:01:16,083 And this goes to show 3576 01:01:16,083 --> 01:01:16,791 you just how 3577 01:01:16,791 --> 01:01:17,791 either uninformed 3578 01:01:17,791 --> 01:01:18,375 or malicious 3579 01:01:18,375 --> 01:01:19,916 this whole system is. 3580 01:01:19,916 --> 01:01:20,458 My wife need 3581 01:01:20,458 --> 01:01:21,125 a new vehicle. 3582 01:01:21,125 --> 01:01:22,333 We have another kid to 3583 01:01:22,333 --> 01:01:22,791 go to the car 3584 01:01:22,791 --> 01:01:23,333 dealership. 3585 01:01:23,333 --> 01:01:23,750 We pick up 3586 01:01:23,750 --> 01:01:24,750 the right one. 3587 01:01:24,750 --> 01:01:25,583 All right. Great. 3588 01:01:25,583 --> 01:01:26,458 I tell them, look, 3589 01:01:26,458 --> 01:01:28,208 I'm paying in cash. 3590 01:01:28,208 --> 01:01:28,791 They're like, 3591 01:01:28,791 --> 01:01:29,916 no problem. 3592 01:01:29,916 --> 01:01:30,125 You sure 3593 01:01:30,125 --> 01:01:30,416 you don't want 3594 01:01:30,416 --> 01:01:31,416 to finance it? 3595 01:01:31,416 --> 01:01:31,708 I don't want 3596 01:01:31,708 --> 01:01:32,416 to finance it. 3597 01:01:32,416 --> 01:01:33,666 I'm paying in cash. 3598 01:01:33,666 --> 01:01:35,250 Okay. Let's go. 3599 01:01:35,250 --> 01:01:37,000 So we order the car. 3600 01:01:37,000 --> 01:01:38,625 They may deposit in 3601 01:01:38,625 --> 01:01:39,416 like cash, 3602 01:01:39,416 --> 01:01:40,041 like in, 3603 01:01:40,041 --> 01:01:41,541 in dollar bills. 3604 01:01:41,541 --> 01:01:42,541 And then, 3605 01:01:42,541 --> 01:01:43,166 a few weeks later, 3606 01:01:43,166 --> 01:01:43,958 the car shows up. 3607 01:01:43,958 --> 01:01:44,625 We go to pick it up, 3608 01:01:44,625 --> 01:01:45,750 I got my backpack, 3609 01:01:45,750 --> 01:01:46,416 and I'm like, 3610 01:01:46,416 --> 01:01:47,041 all right. 3611 01:01:47,041 --> 01:01:47,458 They're like, what? 3612 01:01:47,458 --> 01:01:48,083 Let's pay. 3613 01:01:48,083 --> 01:01:49,333 I got my backpack 3614 01:01:49,333 --> 01:01:49,791 and like, whoa, 3615 01:01:49,791 --> 01:01:50,291 whoa, whoa, 3616 01:01:50,291 --> 01:01:51,083 what are you doing 3617 01:01:51,083 --> 01:01:51,250 now? 3618 01:01:51,250 --> 01:01:52,291 I was like, 3619 01:01:52,291 --> 01:01:53,666 pay in cash. 3620 01:01:53,666 --> 01:01:54,166 And they're like, 3621 01:01:54,166 --> 01:01:55,416 whoa. 3622 01:01:55,416 --> 01:01:55,833 Well, 3623 01:01:55,833 --> 01:01:56,250 we thought you 3624 01:01:56,250 --> 01:01:57,333 meant a check. 3625 01:01:57,333 --> 01:01:58,916 That was like, what? 3626 01:01:58,916 --> 01:01:59,875 I said check. 3627 01:01:59,875 --> 01:02:01,083 If I meant check, 3628 01:02:01,083 --> 01:02:01,916 I said cash, 3629 01:02:02,958 --> 01:02:03,833 and I paid you in 3630 01:02:03,833 --> 01:02:05,083 cash for the deposit. 3631 01:02:05,083 --> 01:02:05,416 They're like, 3632 01:02:05,416 --> 01:02:06,416 okay, well, 3633 01:02:06,416 --> 01:02:07,416 we have to take this 3634 01:02:07,416 --> 01:02:07,916 cash, 3635 01:02:07,916 --> 01:02:09,000 give it to the police. 3636 01:02:09,000 --> 01:02:09,750 The police will 3637 01:02:09,750 --> 01:02:10,500 investigate it 3638 01:02:10,500 --> 01:02:12,083 for ten business days 3639 01:02:12,083 --> 01:02:13,291 and then once it's 3640 01:02:13,291 --> 01:02:14,791 clean, we'll give it, 3641 01:02:14,791 --> 01:02:15,083 you know, 3642 01:02:15,083 --> 01:02:15,625 then you can come 3643 01:02:15,625 --> 01:02:16,916 pick up the car. 3644 01:02:16,916 --> 01:02:17,416 And I was like, 3645 01:02:17,416 --> 01:02:17,833 no, no, no no 3646 01:02:17,833 --> 01:02:18,791 no, no, no, 3647 01:02:18,791 --> 01:02:20,333 there's no way. 3648 01:02:20,333 --> 01:02:21,541 And by the way, 3649 01:02:21,541 --> 01:02:22,291 previously to that 3650 01:02:22,291 --> 01:02:23,583 the police had seized 3651 01:02:23,583 --> 01:02:24,875 about $10,000 3652 01:02:24,875 --> 01:02:25,708 from one of 3653 01:02:25,708 --> 01:02:26,875 our Bitcoin ATMs. 3654 01:02:26,875 --> 01:02:27,333 But I spent 3655 01:02:27,333 --> 01:02:27,833 two and a half 3656 01:02:27,833 --> 01:02:28,583 years in court 3657 01:02:28,583 --> 01:02:29,166 fighting them 3658 01:02:29,166 --> 01:02:30,208 to get back. 3659 01:02:30,208 --> 01:02:31,583 And so this is 3660 01:02:31,583 --> 01:02:31,875 this is 3661 01:02:31,875 --> 01:02:32,541 I think 3662 01:02:32,541 --> 01:02:33,125 this is only 5 3663 01:02:33,125 --> 01:02:34,083 or 6 months 3664 01:02:34,083 --> 01:02:35,083 after 3665 01:02:35,083 --> 01:02:35,666 the police 3666 01:02:35,666 --> 01:02:36,250 had seized that. 3667 01:02:36,250 --> 01:02:36,916 So I'm 3668 01:02:36,916 --> 01:02:37,625 I'm hyper 3669 01:02:37,625 --> 01:02:38,916 hyper skeptical 3670 01:02:38,916 --> 01:02:40,666 of, of this. 3671 01:02:40,666 --> 01:02:42,000 And so obviously 3672 01:02:42,000 --> 01:02:42,750 I said no. 3673 01:02:42,750 --> 01:02:43,500 And then, you know, 3674 01:02:43,500 --> 01:02:43,916 we just had 3675 01:02:43,916 --> 01:02:44,333 to work out 3676 01:02:44,333 --> 01:02:45,333 other other, 3677 01:02:45,333 --> 01:02:46,000 other systems. 3678 01:02:46,000 --> 01:02:47,250 But it is 3679 01:02:47,250 --> 01:02:48,708 it is shocking 3680 01:02:48,708 --> 01:02:50,166 how the system works 3681 01:02:50,166 --> 01:02:51,875 in this way. 3682 01:02:51,875 --> 01:02:52,208 No. 3683 01:02:52,208 --> 01:02:53,291 And I know 3684 01:02:53,291 --> 01:02:54,125 like I needed 3685 01:02:54,125 --> 01:02:56,000 to, to withdraw, 3686 01:02:56,000 --> 01:02:57,250 a large amount of cash 3687 01:02:57,250 --> 01:02:58,208 from a bank account 3688 01:02:58,208 --> 01:03:00,291 here in, in, you know, 3689 01:03:01,625 --> 01:03:02,708 connected to, 3690 01:03:02,708 --> 01:03:03,750 to my house. 3691 01:03:03,750 --> 01:03:04,708 The let, 3692 01:03:04,708 --> 01:03:05,625 let's just say that 3693 01:03:05,625 --> 01:03:06,125 and not go 3694 01:03:06,125 --> 01:03:06,875 into details, 3695 01:03:06,875 --> 01:03:07,708 but I needed 3696 01:03:07,708 --> 01:03:08,958 some of my money. 3697 01:03:08,958 --> 01:03:10,166 That's the point. 3698 01:03:10,166 --> 01:03:11,500 Now the bank asks me 3699 01:03:11,500 --> 01:03:12,000 what I need 3700 01:03:12,000 --> 01:03:13,291 the money for, 3701 01:03:13,291 --> 01:03:13,916 and I'm like, 3702 01:03:13,916 --> 01:03:14,541 what the fuck 3703 01:03:14,541 --> 01:03:15,000 do you need 3704 01:03:15,000 --> 01:03:15,541 the money for? 3705 01:03:15,541 --> 01:03:16,541 It's my money. 3706 01:03:16,541 --> 01:03:17,625 Yeah, 3707 01:03:17,625 --> 01:03:18,750 I'm the paying you 3708 01:03:18,750 --> 01:03:19,416 to store it 3709 01:03:19,416 --> 01:03:20,458 for me, right? 3710 01:03:20,458 --> 01:03:21,416 Like, and here's. 3711 01:03:21,416 --> 01:03:21,666 Here's 3712 01:03:21,666 --> 01:03:23,041 the scary thing is 3713 01:03:23,041 --> 01:03:23,916 that I've 3714 01:03:23,916 --> 01:03:24,833 had this discussion 3715 01:03:24,833 --> 01:03:26,750 with left leaning 3716 01:03:26,750 --> 01:03:27,625 communists 3717 01:03:27,625 --> 01:03:28,708 to be polite. 3718 01:03:28,708 --> 01:03:30,000 And they, 3719 01:03:30,000 --> 01:03:31,333 they often say, well, 3720 01:03:31,333 --> 01:03:31,625 it's for 3721 01:03:31,625 --> 01:03:33,125 your protection. 3722 01:03:33,125 --> 01:03:33,916 It's for the greater 3723 01:03:33,916 --> 01:03:34,416 good, blah, 3724 01:03:34,416 --> 01:03:35,250 blah, blah. 3725 01:03:35,250 --> 01:03:35,916 And I think that 3726 01:03:35,916 --> 01:03:36,958 this is 3727 01:03:36,958 --> 01:03:37,791 probably the 3728 01:03:37,791 --> 01:03:39,458 most heinous and 3729 01:03:39,458 --> 01:03:41,250 and difficult, 3730 01:03:41,250 --> 01:03:42,208 to understand lie 3731 01:03:42,208 --> 01:03:42,958 that we've been told. 3732 01:03:42,958 --> 01:03:43,500 Because if you 3733 01:03:43,500 --> 01:03:44,291 tell everyone 3734 01:03:44,291 --> 01:03:44,666 that they are 3735 01:03:44,666 --> 01:03:45,916 in danger, 3736 01:03:45,916 --> 01:03:47,666 then you get to become 3737 01:03:47,666 --> 01:03:48,208 you have this 3738 01:03:48,208 --> 01:03:48,791 this ability 3739 01:03:48,791 --> 01:03:50,041 to be the Savior. 3740 01:03:50,041 --> 01:03:50,916 And we have 3741 01:03:50,916 --> 01:03:51,708 been tricked 3742 01:03:51,708 --> 01:03:52,375 into thinking 3743 01:03:52,375 --> 01:03:53,666 we are in danger 3744 01:03:53,666 --> 01:03:54,833 for so long 3745 01:03:54,833 --> 01:03:55,500 that people 3746 01:03:55,500 --> 01:03:56,791 are now applauding 3747 01:03:56,791 --> 01:03:58,125 when your money 3748 01:03:58,125 --> 01:03:58,916 gets held back. 3749 01:03:58,916 --> 01:03:59,541 It is. 3750 01:03:59,541 --> 01:04:00,208 It's this 3751 01:04:00,208 --> 01:04:01,750 most battered 3752 01:04:01,750 --> 01:04:02,916 wife syndrome 3753 01:04:04,000 --> 01:04:04,666 situation. 3754 01:04:04,666 --> 01:04:06,000 But this is the 3755 01:04:06,000 --> 01:04:06,791 oldest scam 3756 01:04:06,791 --> 01:04:07,875 in the universe, 3757 01:04:07,875 --> 01:04:08,375 that are in 3758 01:04:08,375 --> 01:04:09,416 human civilization 3759 01:04:09,416 --> 01:04:10,083 anyway. 3760 01:04:10,083 --> 01:04:11,166 Like, 3761 01:04:11,166 --> 01:04:11,458 that you 3762 01:04:11,458 --> 01:04:12,125 need protection 3763 01:04:12,125 --> 01:04:12,625 from something. 3764 01:04:12,625 --> 01:04:13,083 This is what 3765 01:04:13,083 --> 01:04:13,916 the mafia uses 3766 01:04:13,916 --> 01:04:14,541 all the time 3767 01:04:14,541 --> 01:04:15,708 to sell you insurance 3768 01:04:15,708 --> 01:04:16,375 against what 3769 01:04:16,375 --> 01:04:17,250 they will do to you 3770 01:04:17,250 --> 01:04:17,875 if you don't pay 3771 01:04:17,875 --> 01:04:18,666 for the insurance. 3772 01:04:18,666 --> 01:04:19,208 It's like, 3773 01:04:19,208 --> 01:04:19,750 why would 3774 01:04:19,750 --> 01:04:20,583 I need a savior? 3775 01:04:20,583 --> 01:04:21,416 You need a savior 3776 01:04:21,416 --> 01:04:21,791 from what 3777 01:04:21,791 --> 01:04:22,750 we will do to you 3778 01:04:22,750 --> 01:04:23,291 if you don't 3779 01:04:23,291 --> 01:04:24,250 buy our Savior, 3780 01:04:24,250 --> 01:04:24,916 what do I need 3781 01:04:24,916 --> 01:04:25,666 protection from? 3782 01:04:25,666 --> 01:04:26,458 You need protection 3783 01:04:26,458 --> 01:04:26,875 from what 3784 01:04:26,875 --> 01:04:27,541 the whatever 3785 01:04:27,541 --> 01:04:28,166 we feel 3786 01:04:28,166 --> 01:04:28,791 that we need 3787 01:04:28,791 --> 01:04:29,791 to do to you 3788 01:04:29,791 --> 01:04:30,666 if you don't do what 3789 01:04:30,666 --> 01:04:31,833 we tell you to do. 3790 01:04:31,833 --> 01:04:33,416 So, it's 3791 01:04:33,416 --> 01:04:34,083 the greatest lie 3792 01:04:34,083 --> 01:04:34,708 ever told. 3793 01:04:34,708 --> 01:04:36,125 And. Yes, yeah. 3794 01:04:36,125 --> 01:04:36,958 And all of 3795 01:04:36,958 --> 01:04:38,916 these problems with 3796 01:04:38,916 --> 01:04:39,458 when you think 3797 01:04:39,458 --> 01:04:40,583 about them and, 3798 01:04:40,583 --> 01:04:41,375 and everyone 3799 01:04:41,375 --> 01:04:42,208 who doesn't understand 3800 01:04:42,208 --> 01:04:43,750 Bitcoin says, 3801 01:04:43,750 --> 01:04:44,416 like, no, 3802 01:04:44,416 --> 01:04:45,458 it's unusable 3803 01:04:45,458 --> 01:04:46,166 because I can't 3804 01:04:46,166 --> 01:04:46,958 use my fiat 3805 01:04:46,958 --> 01:04:47,833 to do this and that. 3806 01:04:47,833 --> 01:04:48,750 But once 3807 01:04:48,750 --> 01:04:50,333 you're in Bitcoin 3808 01:04:50,333 --> 01:04:51,416 all the friction is 3809 01:04:51,416 --> 01:04:51,958 is gone. 3810 01:04:51,958 --> 01:04:53,458 Like it works 3811 01:04:53,458 --> 01:04:55,458 flawlessly 24/7. 3812 01:04:55,458 --> 01:04:56,458 Like TikTok 3813 01:04:56,458 --> 01:04:57,375 next block. 3814 01:04:57,375 --> 01:04:59,208 Nothing is, 3815 01:04:59,208 --> 01:05:00,125 like everything's 3816 01:05:00,125 --> 01:05:00,791 predictable, 3817 01:05:00,791 --> 01:05:01,958 everything's smooth, 3818 01:05:01,958 --> 01:05:02,916 everything's like, 3819 01:05:02,916 --> 01:05:03,958 exactly as 3820 01:05:03,958 --> 01:05:05,666 it should be. And, 3821 01:05:07,208 --> 01:05:07,583 you get 3822 01:05:07,583 --> 01:05:08,375 an occasional 3823 01:05:08,375 --> 01:05:09,041 fee spike 3824 01:05:09,041 --> 01:05:10,166 every once in a while 3825 01:05:10,166 --> 01:05:10,875 when a scammer 3826 01:05:10,875 --> 01:05:11,916 comes along and tries 3827 01:05:11,916 --> 01:05:12,250 to pull 3828 01:05:12,250 --> 01:05:13,166 a Fiat scam 3829 01:05:13,166 --> 01:05:14,083 on someone else. 3830 01:05:14,083 --> 01:05:14,583 But that's 3831 01:05:14,583 --> 01:05:15,250 basically it. 3832 01:05:15,250 --> 01:05:16,333 That's also a problem 3833 01:05:16,333 --> 01:05:17,083 with fiat 3834 01:05:17,083 --> 01:05:18,208 affecting Bitcoin. 3835 01:05:18,208 --> 01:05:18,875 So yes, 3836 01:05:18,875 --> 01:05:20,083 like it's it's 3837 01:05:20,083 --> 01:05:22,833 all fiat fault 3838 01:05:22,833 --> 01:05:23,625 for. 3839 01:05:23,625 --> 01:05:24,125 If we weren't. 3840 01:05:24,125 --> 01:05:25,208 So we do a lot of work 3841 01:05:25,208 --> 01:05:26,458 to prevent fraud. 3842 01:05:26,458 --> 01:05:28,708 And the number one 3843 01:05:28,708 --> 01:05:29,500 start I'm 3844 01:05:29,500 --> 01:05:32,041 a fraud case is 3845 01:05:32,041 --> 01:05:32,875 I'm trying 3846 01:05:32,875 --> 01:05:34,291 to preserve by wealth. 3847 01:05:34,291 --> 01:05:35,541 This is the 3848 01:05:35,541 --> 01:05:37,208 this is the natural 3849 01:05:37,208 --> 01:05:38,500 state of our world 3850 01:05:38,500 --> 01:05:39,583 where they 3851 01:05:39,583 --> 01:05:40,125 they have a 3852 01:05:40,125 --> 01:05:40,625 small amount 3853 01:05:40,625 --> 01:05:41,666 of savings. 3854 01:05:41,666 --> 01:05:41,916 There's 3855 01:05:41,916 --> 01:05:42,875 no longer cutting. 3856 01:05:42,875 --> 01:05:43,833 It will no longer 3857 01:05:43,833 --> 01:05:45,208 cut it in the future. 3858 01:05:45,208 --> 01:05:45,833 And someone 3859 01:05:45,833 --> 01:05:46,458 tricks them 3860 01:05:46,458 --> 01:05:47,041 into thinking 3861 01:05:47,041 --> 01:05:47,416 they can 3862 01:05:47,416 --> 01:05:48,791 guarantee 20%, 3863 01:05:48,791 --> 01:05:50,708 30% outpace inflation, 3864 01:05:50,708 --> 01:05:51,125 whatever it's 3865 01:05:51,125 --> 01:05:53,000 going to be with money 3866 01:05:53,000 --> 01:05:53,833 that does that. 3867 01:05:53,833 --> 01:05:55,250 By default, 3868 01:05:55,250 --> 01:05:55,750 all of those 3869 01:05:55,750 --> 01:05:56,833 scams disappear. 3870 01:05:56,833 --> 01:05:57,833 They become 3871 01:05:57,833 --> 01:05:58,916 non-existent. 3872 01:05:58,916 --> 01:05:59,625 We no longer 3873 01:05:59,625 --> 01:06:01,083 need to gamble 3874 01:06:01,083 --> 01:06:02,791 our savings, 3875 01:06:02,791 --> 01:06:03,625 our value, 3876 01:06:03,625 --> 01:06:04,916 our futures, 3877 01:06:04,916 --> 01:06:05,291 in order 3878 01:06:05,291 --> 01:06:07,166 to just simply survive 3879 01:06:07,166 --> 01:06:07,416 because 3880 01:06:07,416 --> 01:06:08,375 we've got money 3881 01:06:08,375 --> 01:06:09,750 that actually does 3882 01:06:09,750 --> 01:06:10,583 the work 3883 01:06:10,583 --> 01:06:11,541 in preserving 3884 01:06:11,541 --> 01:06:12,916 the value, which is, 3885 01:06:12,916 --> 01:06:14,375 I think, 3886 01:06:14,375 --> 01:06:14,625 again, 3887 01:06:14,625 --> 01:06:15,916 another societal shift 3888 01:06:15,916 --> 01:06:16,916 that will occur. 3889 01:06:16,916 --> 01:06:18,291 And inherently, 3890 01:06:18,291 --> 01:06:19,625 you know, incentives 3891 01:06:19,625 --> 01:06:20,708 then realign. 3892 01:06:20,708 --> 01:06:21,958 And we've got a better 3893 01:06:21,958 --> 01:06:24,416 opportunity to, 3894 01:06:24,416 --> 01:06:25,041 yeah, to, 3895 01:06:25,041 --> 01:06:26,583 I think, to thrive 3896 01:06:26,583 --> 01:06:27,958 as humanity. 3897 01:06:27,958 --> 01:06:28,291 Yeah. 3898 01:06:28,291 --> 01:06:28,916 The winning 3899 01:06:28,916 --> 01:06:30,000 move in fiat land 3900 01:06:30,000 --> 01:06:31,250 is to not play at all, 3901 01:06:32,416 --> 01:06:33,125 but something. 3902 01:06:33,125 --> 01:06:33,833 And we had it 3903 01:06:33,833 --> 01:06:34,833 in us all along. 3904 01:06:34,833 --> 01:06:35,916 It's like 3905 01:06:35,916 --> 01:06:36,625 we just needed 3906 01:06:36,625 --> 01:06:37,208 Bitcoin to 3907 01:06:37,208 --> 01:06:38,250 to tell us 3908 01:06:38,250 --> 01:06:38,916 that we had it 3909 01:06:38,916 --> 01:06:39,833 in us all along. 3910 01:06:39,833 --> 01:06:40,375 Yes. 3911 01:06:40,375 --> 01:06:43,375 And and you know, 3912 01:06:43,500 --> 01:06:44,875 investing is like 3913 01:06:44,875 --> 01:06:46,541 such an interesting 3914 01:06:46,541 --> 01:06:49,083 thought process of 3915 01:06:49,083 --> 01:06:50,125 I worked very hard 3916 01:06:50,125 --> 01:06:50,625 and received 3917 01:06:50,625 --> 01:06:51,666 this money. 3918 01:06:51,666 --> 01:06:52,583 This money sucks 3919 01:06:52,583 --> 01:06:53,333 so bad 3920 01:06:53,333 --> 01:06:53,750 that I'm going 3921 01:06:53,750 --> 01:06:54,833 to go now. 3922 01:06:54,833 --> 01:06:55,500 Give the money 3923 01:06:55,500 --> 01:06:57,083 to somebody else 3924 01:06:57,083 --> 01:06:58,000 so that I can have 3925 01:06:58,000 --> 01:06:59,083 a chance 3926 01:06:59,083 --> 01:06:59,458 to have 3927 01:06:59,458 --> 01:07:00,750 a better future, 3928 01:07:00,750 --> 01:07:01,375 or not 3929 01:07:01,375 --> 01:07:02,000 even a better future, 3930 01:07:02,000 --> 01:07:02,916 just to maintain 3931 01:07:02,916 --> 01:07:03,208 like I have 3932 01:07:03,208 --> 01:07:04,500 the same future 3933 01:07:04,500 --> 01:07:05,791 that I have right now. 3934 01:07:05,791 --> 01:07:06,333 And it's such 3935 01:07:06,333 --> 01:07:08,166 an interesting concept 3936 01:07:08,166 --> 01:07:09,541 that really 3937 01:07:09,541 --> 01:07:10,833 only needs to exist 3938 01:07:10,833 --> 01:07:11,250 when you've got 3939 01:07:11,250 --> 01:07:13,666 manipulated fiat. 3940 01:07:13,666 --> 01:07:14,166 Yeah. 3941 01:07:14,166 --> 01:07:16,541 And in investments, 3942 01:07:16,541 --> 01:07:17,208 when you have a 3943 01:07:17,208 --> 01:07:18,500 Bitcoin stack, 3944 01:07:18,500 --> 01:07:19,583 it needs to be 3945 01:07:19,583 --> 01:07:20,458 thought through like, 3946 01:07:20,458 --> 01:07:21,333 is this going to 3947 01:07:21,333 --> 01:07:22,291 make me more money 3948 01:07:22,291 --> 01:07:23,083 than just sitting 3949 01:07:23,083 --> 01:07:23,666 on this pile 3950 01:07:23,666 --> 01:07:24,083 of Bitcoin 3951 01:07:24,083 --> 01:07:25,166 and doing fuck all? 3952 01:07:25,166 --> 01:07:26,125 So I actually 3953 01:07:26,125 --> 01:07:26,375 actually 3954 01:07:26,375 --> 01:07:26,916 might disagree 3955 01:07:26,916 --> 01:07:27,666 with that. 3956 01:07:27,666 --> 01:07:28,375 I think that 3957 01:07:28,375 --> 01:07:30,666 investing it on 3958 01:07:30,666 --> 01:07:31,750 a Bitcoin standard 3959 01:07:31,750 --> 01:07:32,666 will transition 3960 01:07:32,666 --> 01:07:35,458 from a way to get rich 3961 01:07:35,458 --> 01:07:36,000 in or, 3962 01:07:36,000 --> 01:07:37,291 and it will change 3963 01:07:37,291 --> 01:07:37,958 into a way 3964 01:07:37,958 --> 01:07:39,833 to improve your life 3965 01:07:39,833 --> 01:07:41,250 or the lives of people 3966 01:07:41,250 --> 01:07:41,916 that care about. 3967 01:07:41,916 --> 01:07:42,208 We're going 3968 01:07:42,208 --> 01:07:43,208 to become mission 3969 01:07:43,208 --> 01:07:45,125 focused investors 3970 01:07:45,125 --> 01:07:46,333 in, in the future 3971 01:07:46,333 --> 01:07:46,916 and will actually, 3972 01:07:46,916 --> 01:07:47,791 I think, look a lot 3973 01:07:47,791 --> 01:07:48,375 more life, 3974 01:07:48,375 --> 01:07:51,208 philanthropic activity 3975 01:07:51,208 --> 01:07:52,083 than it will, 3976 01:07:53,250 --> 01:07:54,208 look like 3977 01:07:54,208 --> 01:07:55,708 getting an ROI 3978 01:07:55,708 --> 01:07:57,583 in monetary sense. 3979 01:07:57,583 --> 01:07:57,916 Yeah. 3980 01:07:57,916 --> 01:07:58,916 Here's an example of 3981 01:07:58,916 --> 01:07:59,583 of what I got. 3982 01:07:59,583 --> 01:08:00,833 Had to wait. 3983 01:08:00,833 --> 01:08:01,458 No, no, no, 3984 01:08:01,458 --> 01:08:02,166 you go ahead. 3985 01:08:02,166 --> 01:08:02,958 So example 3986 01:08:02,958 --> 01:08:03,916 that my kids 3987 01:08:03,916 --> 01:08:04,833 and I went to 3988 01:08:04,833 --> 01:08:06,416 a, a camp, 3989 01:08:06,416 --> 01:08:07,416 a family Bible 3990 01:08:07,416 --> 01:08:08,666 camp over the summer, 3991 01:08:08,666 --> 01:08:09,666 and it was dynamite. 3992 01:08:09,666 --> 01:08:10,333 Ten out of ten. 3993 01:08:10,333 --> 01:08:10,958 They're talking about 3994 01:08:10,958 --> 01:08:11,958 generational faith. 3995 01:08:11,958 --> 01:08:12,916 They're talking about 3996 01:08:12,916 --> 01:08:13,833 growing adults 3997 01:08:13,833 --> 01:08:15,000 are growing children 3998 01:08:15,000 --> 01:08:16,583 into adults. 3999 01:08:16,583 --> 01:08:16,916 That like, 4000 01:08:16,916 --> 01:08:17,458 love the Lord, 4001 01:08:17,458 --> 01:08:18,708 but also like, 4002 01:08:18,708 --> 01:08:19,083 you know, 4003 01:08:19,083 --> 01:08:21,125 want to move society 4004 01:08:21,125 --> 01:08:21,833 in a positive 4005 01:08:21,833 --> 01:08:22,833 direction 4006 01:08:22,833 --> 01:08:23,916 and, very, 4007 01:08:23,916 --> 01:08:26,458 very positive, move. 4008 01:08:26,458 --> 01:08:27,083 And I start 4009 01:08:27,083 --> 01:08:27,916 looking around, 4010 01:08:27,916 --> 01:08:28,291 you know, 4011 01:08:28,291 --> 01:08:29,166 my, like, serial 4012 01:08:29,166 --> 01:08:30,083 entrepreneur brand. 4013 01:08:30,083 --> 01:08:30,791 And I'm like, wow, 4014 01:08:30,791 --> 01:08:31,541 this sucks. 4015 01:08:31,541 --> 01:08:31,791 You know, 4016 01:08:31,791 --> 01:08:32,625 this could be better, 4017 01:08:32,625 --> 01:08:33,750 this could do more 4018 01:08:33,750 --> 01:08:34,000 blah, blah, 4019 01:08:34,000 --> 01:08:34,833 blah, blah. 4020 01:08:34,833 --> 01:08:36,083 And, 4021 01:08:36,083 --> 01:08:36,791 you know, I didn't 4022 01:08:36,791 --> 01:08:37,625 I didn't act on any of 4023 01:08:37,625 --> 01:08:38,250 this information, 4024 01:08:38,250 --> 01:08:39,458 but I started thinking 4025 01:08:39,458 --> 01:08:40,083 like, oh, 4026 01:08:40,083 --> 01:08:40,416 what would it 4027 01:08:40,416 --> 01:08:40,916 look like 4028 01:08:40,916 --> 01:08:41,666 for, you know, 4029 01:08:41,666 --> 01:08:42,166 if I were to 4030 01:08:42,166 --> 01:08:43,500 start a camp like this 4031 01:08:43,500 --> 01:08:45,291 or invest in a camp 4032 01:08:45,291 --> 01:08:45,791 like this? 4033 01:08:45,791 --> 01:08:46,041 Well, 4034 01:08:46,041 --> 01:08:46,541 their structure is 4035 01:08:46,541 --> 01:08:47,291 not for profit. 4036 01:08:47,291 --> 01:08:48,000 So then 4037 01:08:48,000 --> 01:08:48,666 I started thinking, 4038 01:08:48,666 --> 01:08:50,333 what would the benefit 4039 01:08:50,333 --> 01:08:50,791 like? 4040 01:08:50,791 --> 01:08:51,166 What would the 4041 01:08:51,166 --> 01:08:52,500 benefit be? 4042 01:08:52,500 --> 01:08:53,833 What if I committed, 4043 01:08:53,833 --> 01:08:54,291 you know, 4044 01:08:54,291 --> 01:08:55,666 X number of dollars 4045 01:08:55,666 --> 01:08:57,000 or X number of SATs 4046 01:08:57,000 --> 01:08:57,791 to a project 4047 01:08:57,791 --> 01:08:58,291 like this. 4048 01:08:58,291 --> 01:08:58,500 What would 4049 01:08:58,500 --> 01:08:59,541 that look like 4050 01:08:59,541 --> 01:09:00,625 over the next 4051 01:09:00,625 --> 01:09:01,958 period of time 4052 01:09:01,958 --> 01:09:02,375 and time 4053 01:09:02,375 --> 01:09:03,416 and time again, 4054 01:09:03,416 --> 01:09:04,000 it looked like 4055 01:09:04,000 --> 01:09:04,916 a horrible 4056 01:09:04,916 --> 01:09:06,750 monetary investment. 4057 01:09:06,750 --> 01:09:07,416 You cannot get 4058 01:09:07,416 --> 01:09:08,000 around that 4059 01:09:08,000 --> 01:09:09,000 in any way, shape 4060 01:09:09,000 --> 01:09:09,875 or form. 4061 01:09:09,875 --> 01:09:11,041 However, 4062 01:09:11,041 --> 01:09:11,541 I am still 4063 01:09:11,541 --> 01:09:13,208 incredibly drawn 4064 01:09:13,208 --> 01:09:15,541 to push our world 4065 01:09:15,541 --> 01:09:16,541 in such a way 4066 01:09:16,541 --> 01:09:18,833 that does empower, 4067 01:09:18,833 --> 01:09:19,125 you know, 4068 01:09:19,125 --> 01:09:20,166 the next generation 4069 01:09:20,166 --> 01:09:22,083 to be like, bold 4070 01:09:22,083 --> 01:09:23,041 and love the Lord. 4071 01:09:23,041 --> 01:09:26,041 And so I, I really, 4072 01:09:26,583 --> 01:09:27,541 do it. 4073 01:09:27,541 --> 01:09:28,333 This got me on this 4074 01:09:28,333 --> 01:09:29,250 track of like, well, 4075 01:09:29,250 --> 01:09:30,125 what does investing 4076 01:09:30,125 --> 01:09:30,583 look like 4077 01:09:30,583 --> 01:09:31,250 in the future 4078 01:09:31,250 --> 01:09:32,250 of a Bitcoin standard? 4079 01:09:32,250 --> 01:09:32,583 Why would 4080 01:09:32,583 --> 01:09:33,750 anyone invest? 4081 01:09:33,750 --> 01:09:34,833 And it has to be about 4082 01:09:34,833 --> 01:09:35,791 more than money 4083 01:09:35,791 --> 01:09:37,791 when you are so secure 4084 01:09:37,791 --> 01:09:39,125 in your future 4085 01:09:39,125 --> 01:09:39,416 and you're 4086 01:09:39,416 --> 01:09:40,916 so confident 4087 01:09:40,916 --> 01:09:41,791 that your savings 4088 01:09:41,791 --> 01:09:42,541 will yield 4089 01:09:42,541 --> 01:09:43,458 generations 4090 01:09:43,458 --> 01:09:45,666 of progress, 4091 01:09:45,666 --> 01:09:46,208 then you have 4092 01:09:46,208 --> 01:09:47,000 the ability 4093 01:09:47,000 --> 01:09:47,791 to kind of fast 4094 01:09:47,791 --> 01:09:49,375 track society 4095 01:09:49,375 --> 01:09:50,875 in a, in a direction 4096 01:09:50,875 --> 01:09:51,833 based on, 4097 01:09:51,833 --> 01:09:52,750 you know, a spend 4098 01:09:52,750 --> 01:09:53,666 or an effort. 4099 01:09:55,041 --> 01:09:55,833 Here's an 4100 01:09:55,833 --> 01:09:56,250 Austrian 4101 01:09:56,250 --> 01:09:57,250 perspective on that. 4102 01:09:57,250 --> 01:09:58,833 And that is that, 4103 01:09:58,833 --> 01:09:59,500 that was always 4104 01:09:59,500 --> 01:09:59,958 the case. 4105 01:09:59,958 --> 01:10:01,000 Like investment, 4106 01:10:01,000 --> 01:10:03,125 like money is just a 4107 01:10:03,125 --> 01:10:04,291 part of the equation. 4108 01:10:04,291 --> 01:10:06,208 But people do stuff. 4109 01:10:06,208 --> 01:10:07,125 People want money 4110 01:10:07,125 --> 01:10:08,166 because of the stuff. 4111 01:10:08,166 --> 01:10:09,083 That money will 4112 01:10:09,083 --> 01:10:10,166 buy them. Right? 4113 01:10:10,166 --> 01:10:11,791 And not not money 4114 01:10:11,791 --> 01:10:12,541 because of 4115 01:10:12,541 --> 01:10:13,333 the money itself. 4116 01:10:13,333 --> 01:10:14,041 So like, 4117 01:10:14,041 --> 01:10:15,500 there are more 4118 01:10:15,500 --> 01:10:16,625 things at play 4119 01:10:16,625 --> 01:10:18,458 in what we value 4120 01:10:18,458 --> 01:10:19,416 than simple 4121 01:10:19,416 --> 01:10:20,583 financial gains. 4122 01:10:20,583 --> 01:10:22,500 Like, I like we, 4123 01:10:22,500 --> 01:10:23,208 we do things 4124 01:10:23,208 --> 01:10:24,083 for our families 4125 01:10:24,083 --> 01:10:25,291 rather than like 4126 01:10:25,291 --> 01:10:25,833 I draw them 4127 01:10:25,833 --> 01:10:26,625 by Christmas 4128 01:10:26,625 --> 01:10:27,666 present for my son 4129 01:10:27,666 --> 01:10:28,458 than for some other 4130 01:10:28,458 --> 01:10:29,000 fucking kid 4131 01:10:29,000 --> 01:10:29,500 on the street 4132 01:10:29,500 --> 01:10:29,916 like that. 4133 01:10:29,916 --> 01:10:31,833 Like it's pretty 4134 01:10:31,833 --> 01:10:33,291 simple like that. So. 4135 01:10:33,291 --> 01:10:35,166 So, but the thing 4136 01:10:35,166 --> 01:10:36,000 I see, like, 4137 01:10:36,000 --> 01:10:37,291 if you just 4138 01:10:37,291 --> 01:10:38,333 fast track to 4139 01:10:38,333 --> 01:10:39,500 when there is no more 4140 01:10:39,500 --> 01:10:40,583 satoshis to be mined, 4141 01:10:40,583 --> 01:10:41,375 they're all 4142 01:10:41,375 --> 01:10:42,291 in circulation. 4143 01:10:44,125 --> 01:10:44,958 By the way, money is 4144 01:10:44,958 --> 01:10:45,958 never in circulation, 4145 01:10:45,958 --> 01:10:46,916 but it always belongs 4146 01:10:46,916 --> 01:10:47,416 to someone 4147 01:10:47,416 --> 01:10:48,000 at some point. 4148 01:10:48,000 --> 01:10:48,708 But you 4149 01:10:48,708 --> 01:10:50,958 get the expression, 4150 01:10:50,958 --> 01:10:53,250 so, at that point, 4151 01:10:53,250 --> 01:10:54,000 the only way 4152 01:10:54,000 --> 01:10:55,791 to survive, 4153 01:10:55,791 --> 01:10:57,125 is either doing 4154 01:10:57,125 --> 01:10:58,166 goods or services 4155 01:10:58,166 --> 01:10:58,708 or using 4156 01:10:58,708 --> 01:10:59,458 something else 4157 01:10:59,458 --> 01:11:00,125 than Bitcoin, 4158 01:11:00,125 --> 01:11:01,291 or to diminish 4159 01:11:01,291 --> 01:11:02,208 your stack slowly, 4160 01:11:02,208 --> 01:11:02,916 slowly, slowly 4161 01:11:02,916 --> 01:11:03,541 over time, 4162 01:11:03,541 --> 01:11:04,291 which still 4163 01:11:04,291 --> 01:11:05,041 can increase 4164 01:11:05,041 --> 01:11:05,666 in purchasing 4165 01:11:05,666 --> 01:11:06,458 power over time. 4166 01:11:06,458 --> 01:11:07,750 This is the magic 4167 01:11:07,750 --> 01:11:09,750 of deflation. 4168 01:11:09,750 --> 01:11:10,958 But what an investment 4169 01:11:10,958 --> 01:11:11,458 can do 4170 01:11:11,458 --> 01:11:12,916 is that it can 4171 01:11:12,916 --> 01:11:14,125 change the derivative, 4172 01:11:14,125 --> 01:11:15,416 it like the vector, 4173 01:11:15,416 --> 01:11:16,500 the the angle 4174 01:11:16,500 --> 01:11:17,375 of the decline 4175 01:11:17,375 --> 01:11:18,500 to be a little less 4176 01:11:18,500 --> 01:11:20,375 steep. Yeah. 4177 01:11:20,375 --> 01:11:22,291 So that's so, so that, 4178 01:11:22,291 --> 01:11:24,166 that you, you might, 4179 01:11:24,166 --> 01:11:25,083 start a company 4180 01:11:25,083 --> 01:11:25,583 not to have 4181 01:11:25,583 --> 01:11:26,458 black numbers, 4182 01:11:26,458 --> 01:11:27,625 but to have, 4183 01:11:27,625 --> 01:11:30,625 like, the, 4184 01:11:31,000 --> 01:11:31,708 the angle of 4185 01:11:31,708 --> 01:11:32,375 the decline 4186 01:11:32,375 --> 01:11:33,000 of your stock 4187 01:11:33,000 --> 01:11:33,875 be a little less 4188 01:11:33,875 --> 01:11:34,833 steep. 4189 01:11:34,833 --> 01:11:36,250 So, which, which. 4190 01:11:36,250 --> 01:11:36,916 But also. 4191 01:11:36,916 --> 01:11:37,833 What this does 4192 01:11:37,833 --> 01:11:39,083 is that it removes 4193 01:11:39,083 --> 01:11:39,500 all the 4194 01:11:39,500 --> 01:11:40,500 zombie companies 4195 01:11:40,500 --> 01:11:41,416 of the world, like, 4196 01:11:41,416 --> 01:11:42,833 because right now 4197 01:11:42,833 --> 01:11:44,333 companies are started 4198 01:11:44,333 --> 01:11:45,250 for bullshit 4199 01:11:45,250 --> 01:11:46,541 everywhere, and, 4200 01:11:46,541 --> 01:11:47,458 they don't make money. 4201 01:11:47,458 --> 01:11:48,083 And when, when, 4202 01:11:48,083 --> 01:11:49,666 when they go bankrupt, 4203 01:11:49,666 --> 01:11:50,083 there is 4204 01:11:50,083 --> 01:11:52,458 no punishment. No. 4205 01:11:55,333 --> 01:11:56,750 The, 4206 01:11:56,750 --> 01:11:57,458 what's the word I'm 4207 01:11:57,458 --> 01:11:57,916 looking for 4208 01:11:57,916 --> 01:11:58,875 the punishment 4209 01:11:58,875 --> 01:11:59,583 for for 4210 01:11:59,583 --> 01:12:00,333 the people doing 4211 01:12:00,333 --> 01:12:00,666 the bad 4212 01:12:00,666 --> 01:12:02,166 investment is not. 4213 01:12:02,166 --> 01:12:03,375 It doesn't suffice. 4214 01:12:03,375 --> 01:12:03,833 It's not. 4215 01:12:03,833 --> 01:12:04,708 It's not enough. 4216 01:12:04,708 --> 01:12:05,458 Like they're 4217 01:12:05,458 --> 01:12:06,541 not getting 4218 01:12:06,541 --> 01:12:07,791 what they deserve. 4219 01:12:07,791 --> 01:12:08,208 It's so 4220 01:12:08,208 --> 01:12:09,041 they can't keep on 4221 01:12:09,041 --> 01:12:10,291 doing stupid things 4222 01:12:10,291 --> 01:12:11,125 over and over again 4223 01:12:11,125 --> 01:12:11,833 and never learned 4224 01:12:11,833 --> 01:12:12,541 their lesson. 4225 01:12:12,541 --> 01:12:13,166 That is simply 4226 01:12:13,166 --> 01:12:13,833 not possible 4227 01:12:13,833 --> 01:12:14,666 in Bitcoin. 4228 01:12:14,666 --> 01:12:15,458 Yeah, 100%. 4229 01:12:15,458 --> 01:12:15,875 They're almost 4230 01:12:15,875 --> 01:12:16,791 they're always forced 4231 01:12:16,791 --> 01:12:17,125 to make 4232 01:12:17,125 --> 01:12:18,750 those bad investments. 4233 01:12:18,750 --> 01:12:20,666 They're not playing a 4234 01:12:20,666 --> 01:12:21,041 they're, 4235 01:12:21,041 --> 01:12:23,791 they're playing a game 4236 01:12:23,791 --> 01:12:24,291 whereby 4237 01:12:24,291 --> 01:12:24,666 you don't 4238 01:12:24,666 --> 01:12:25,500 need everything 4239 01:12:25,500 --> 01:12:26,291 to win. 4240 01:12:26,291 --> 01:12:28,291 You just need one. 4241 01:12:28,291 --> 01:12:29,083 And, and 4242 01:12:29,083 --> 01:12:29,791 especially on the, 4243 01:12:29,791 --> 01:12:31,625 on the VC track, 4244 01:12:31,625 --> 01:12:32,500 which is, yeah, 4245 01:12:32,500 --> 01:12:33,625 inherently fiat. 4246 01:12:33,625 --> 01:12:34,625 And and 4247 01:12:34,625 --> 01:12:35,250 I think that, 4248 01:12:35,250 --> 01:12:35,500 you know, 4249 01:12:35,500 --> 01:12:36,000 I look at these 4250 01:12:36,000 --> 01:12:37,333 big companies 4251 01:12:37,333 --> 01:12:38,041 with, 4252 01:12:38,041 --> 01:12:39,041 with all this cash 4253 01:12:39,041 --> 01:12:40,125 like I look at 4254 01:12:40,125 --> 01:12:40,541 Apple's 4255 01:12:40,541 --> 01:12:41,458 a great example 4256 01:12:41,458 --> 01:12:43,708 with this car recently 4257 01:12:43,708 --> 01:12:45,500 they piled 4258 01:12:45,500 --> 01:12:46,833 billions of dollars 4259 01:12:46,833 --> 01:12:49,833 into this car project 4260 01:12:50,041 --> 01:12:51,541 and then just 4261 01:12:51,541 --> 01:12:52,416 wiped it like 4262 01:12:52,416 --> 01:12:53,791 just scrap. 4263 01:12:54,791 --> 01:12:57,166 And what that means is 4264 01:12:57,166 --> 01:12:58,041 probably 4265 01:12:58,041 --> 01:12:58,666 they were 4266 01:12:58,666 --> 01:13:00,958 forcing things, 4267 01:13:00,958 --> 01:13:03,875 and they didn't have 4268 01:13:03,875 --> 01:13:04,250 they didn't 4269 01:13:04,250 --> 01:13:04,583 necessarily 4270 01:13:04,583 --> 01:13:04,833 have the 4271 01:13:04,833 --> 01:13:05,500 market signals 4272 01:13:05,500 --> 01:13:06,708 to bring that, 4273 01:13:06,708 --> 01:13:07,833 but they just thought, 4274 01:13:07,833 --> 01:13:08,041 well, 4275 01:13:08,041 --> 01:13:08,625 this cash 4276 01:13:08,625 --> 01:13:10,375 is deteriorating. 4277 01:13:10,375 --> 01:13:10,708 No, it's 4278 01:13:10,708 --> 01:13:11,166 what are we going 4279 01:13:11,166 --> 01:13:11,375 to do? 4280 01:13:11,375 --> 01:13:12,416 Well, on effect, it's 4281 01:13:12,416 --> 01:13:13,041 the Cantillon 4282 01:13:13,041 --> 01:13:13,708 effect and play. 4283 01:13:13,708 --> 01:13:14,166 They can 4284 01:13:14,166 --> 01:13:15,666 they can afford 4285 01:13:15,666 --> 01:13:17,500 to be wasteful 4286 01:13:17,500 --> 01:13:18,041 because there's 4287 01:13:18,041 --> 01:13:18,541 no cost 4288 01:13:18,541 --> 01:13:19,291 to being wasteful. 4289 01:13:19,291 --> 01:13:20,166 In fact, it's better 4290 01:13:20,166 --> 01:13:20,458 for them 4291 01:13:20,458 --> 01:13:21,208 to be wasted or. 4292 01:13:21,208 --> 01:13:23,375 To be wasteful. 4293 01:13:23,375 --> 01:13:25,083 It's awful. 4294 01:13:25,083 --> 01:13:25,500 Yeah. 4295 01:13:25,500 --> 01:13:25,916 It is. 4296 01:13:25,916 --> 01:13:26,666 It's terrible, man. 4297 01:13:26,666 --> 01:13:27,708 It's, Yeah. 4298 01:13:27,708 --> 01:13:28,541 It's challenging. 4299 01:13:28,541 --> 01:13:28,916 It's it's 4300 01:13:28,916 --> 01:13:31,250 a challenging spot. 4301 01:13:31,250 --> 01:13:31,500 Yeah. 4302 01:13:31,500 --> 01:13:31,875 And like, 4303 01:13:31,875 --> 01:13:32,250 I guess 4304 01:13:32,250 --> 01:13:32,458 kind of 4305 01:13:32,458 --> 01:13:33,666 speaking of the 4306 01:13:33,666 --> 01:13:34,875 the challenges, 4307 01:13:34,875 --> 01:13:35,208 I mean, 4308 01:13:35,208 --> 01:13:36,666 I mean, right now 4309 01:13:36,666 --> 01:13:38,250 Canada, Alberta, 4310 01:13:38,250 --> 01:13:39,125 are, are both 4311 01:13:39,125 --> 01:13:41,208 interesting places, 4312 01:13:41,208 --> 01:13:41,916 to operate. 4313 01:13:41,916 --> 01:13:42,458 Alberta is an 4314 01:13:42,458 --> 01:13:43,291 interesting place 4315 01:13:43,291 --> 01:13:44,958 to operate. 4316 01:13:44,958 --> 01:13:46,541 And what it 4317 01:13:46,541 --> 01:13:47,250 what's coming 4318 01:13:47,250 --> 01:13:48,416 up for you like, 4319 01:13:48,416 --> 01:13:48,958 what are you 4320 01:13:48,958 --> 01:13:49,708 what are you, 4321 01:13:49,708 --> 01:13:50,625 aiming to, 4322 01:13:50,625 --> 01:13:52,208 to do, right now 4323 01:13:52,208 --> 01:13:52,666 as you're going 4324 01:13:52,666 --> 01:13:53,375 forward here. 4325 01:13:54,666 --> 01:13:55,000 Yeah. 4326 01:13:55,000 --> 01:13:56,125 So we're 4327 01:13:56,125 --> 01:13:56,791 looking at Bitcoin. 4328 01:13:56,791 --> 01:13:58,708 Well, 4329 01:13:58,708 --> 01:13:58,958 very, 4330 01:13:58,958 --> 01:13:59,458 very excited 4331 01:13:59,458 --> 01:14:00,041 to make Canada 4332 01:14:00,041 --> 01:14:00,875 and us 4333 01:14:00,875 --> 01:14:01,666 kind of facilitate 4334 01:14:01,666 --> 01:14:03,666 that conduit here. 4335 01:14:03,666 --> 01:14:06,000 But more broadly, 4336 01:14:06,000 --> 01:14:07,041 I've my wife 4337 01:14:07,041 --> 01:14:08,416 and I over the last 4338 01:14:08,416 --> 01:14:10,166 probably 12, 4339 01:14:10,166 --> 01:14:11,208 18 months 4340 01:14:11,208 --> 01:14:12,333 had this kind of 4341 01:14:12,333 --> 01:14:14,583 major decision. 4342 01:14:14,583 --> 01:14:14,916 Are we going to 4343 01:14:14,916 --> 01:14:15,875 stay or go? 4344 01:14:15,875 --> 01:14:16,666 And we went through 4345 01:14:16,666 --> 01:14:17,666 this exercise, 4346 01:14:17,666 --> 01:14:18,000 this thought 4347 01:14:18,000 --> 01:14:19,416 process of, 4348 01:14:19,416 --> 01:14:20,166 you know, are we 4349 01:14:20,166 --> 01:14:21,625 are we happy here? 4350 01:14:21,625 --> 01:14:23,125 Well, no not really. 4351 01:14:23,125 --> 01:14:23,791 What are the pros 4352 01:14:23,791 --> 01:14:25,416 and cons? 4353 01:14:25,416 --> 01:14:26,375 And then and then, 4354 01:14:26,375 --> 01:14:27,708 you know, more cons, 4355 01:14:27,708 --> 01:14:28,250 but then it's 4356 01:14:28,250 --> 01:14:28,583 like, well, 4357 01:14:28,583 --> 01:14:29,750 where do we go? 4358 01:14:29,750 --> 01:14:30,708 And everywhere 4359 01:14:30,708 --> 01:14:32,666 is of subject 4360 01:14:32,666 --> 01:14:33,958 to the same fiat ness 4361 01:14:33,958 --> 01:14:34,458 that Canada 4362 01:14:34,458 --> 01:14:34,916 is some 4363 01:14:34,916 --> 01:14:36,125 a little bit less 4364 01:14:36,125 --> 01:14:36,958 some seeming 4365 01:14:36,958 --> 01:14:38,625 on the mend. 4366 01:14:38,625 --> 01:14:40,250 But all in all, 4367 01:14:40,250 --> 01:14:41,291 life gets 4368 01:14:41,291 --> 01:14:42,125 at best 4369 01:14:42,125 --> 01:14:45,125 marginally better, 4370 01:14:45,125 --> 01:14:46,375 than if 4371 01:14:46,375 --> 01:14:47,583 if we were to leave 4372 01:14:47,583 --> 01:14:48,916 and we'd lose all of 4373 01:14:48,916 --> 01:14:49,666 our, you know, 4374 01:14:49,666 --> 01:14:50,458 our community. 4375 01:14:51,541 --> 01:14:52,500 And, and 4376 01:14:52,500 --> 01:14:52,916 and that 4377 01:14:52,916 --> 01:14:53,625 whole, you know, 4378 01:14:53,625 --> 01:14:54,208 the family, 4379 01:14:54,208 --> 01:14:54,875 the friendships. 4380 01:14:54,875 --> 01:14:54,958 Like, 4381 01:14:54,958 --> 01:14:55,916 I grew up in the city 4382 01:14:55,916 --> 01:14:58,166 that we live in still, 4383 01:14:58,166 --> 01:14:59,375 my kids, 4384 01:14:59,375 --> 01:14:59,958 although we 4385 01:14:59,958 --> 01:15:00,833 are yanking the kids 4386 01:15:00,833 --> 01:15:02,041 out of school, 4387 01:15:02,041 --> 01:15:02,625 my kids were 4388 01:15:02,625 --> 01:15:03,250 at the same school 4389 01:15:03,250 --> 01:15:04,958 that I went to. 4390 01:15:04,958 --> 01:15:06,125 We play hockey. 4391 01:15:06,125 --> 01:15:06,791 Like, 4392 01:15:06,791 --> 01:15:07,708 we've got a really 4393 01:15:07,708 --> 01:15:09,166 strong community 4394 01:15:09,166 --> 01:15:11,083 in this, 4395 01:15:11,083 --> 01:15:11,750 in this city, 4396 01:15:11,750 --> 01:15:12,916 in this country. 4397 01:15:12,916 --> 01:15:13,833 And so about 4398 01:15:13,833 --> 01:15:14,875 six months ago, 4399 01:15:14,875 --> 01:15:15,500 we kind of made 4400 01:15:15,500 --> 01:15:18,000 the decision to stay, 4401 01:15:18,000 --> 01:15:20,375 but then, 4402 01:15:20,375 --> 01:15:22,291 take action towards, 4403 01:15:22,291 --> 01:15:22,708 you know, 4404 01:15:22,708 --> 01:15:23,166 making it 4405 01:15:23,166 --> 01:15:25,166 a better place. 4406 01:15:25,166 --> 01:15:26,041 And so 4407 01:15:26,041 --> 01:15:27,041 kind of cementing 4408 01:15:27,041 --> 01:15:27,500 Bitcoin. 4409 01:15:27,500 --> 01:15:28,291 Well, 4410 01:15:28,291 --> 01:15:28,833 you know, here 4411 01:15:28,833 --> 01:15:31,375 in North America, 4412 01:15:31,375 --> 01:15:32,500 specifically making. 4413 01:15:32,500 --> 01:15:33,250 Yeah, Canada 4414 01:15:33,250 --> 01:15:34,041 and USA 4415 01:15:34,041 --> 01:15:34,875 having that conduit 4416 01:15:34,875 --> 01:15:35,833 between 4417 01:15:35,833 --> 01:15:37,625 between Self-custody 4418 01:15:37,625 --> 01:15:39,166 and legacy 4419 01:15:39,166 --> 01:15:41,000 financial system. 4420 01:15:41,000 --> 01:15:42,083 I do believe 4421 01:15:42,083 --> 01:15:42,750 that my kids 4422 01:15:42,750 --> 01:15:43,208 will grow up 4423 01:15:43,208 --> 01:15:43,791 in a world 4424 01:15:43,791 --> 01:15:44,166 where they can 4425 01:15:44,166 --> 01:15:44,958 just have a Bitcoin 4426 01:15:44,958 --> 01:15:45,666 well, account, 4427 01:15:45,666 --> 01:15:46,500 they will not 4428 01:15:46,500 --> 01:15:47,375 need a bank account. 4429 01:15:47,375 --> 01:15:48,958 They'll be able to 4430 01:15:48,958 --> 01:15:50,166 send wire transfers 4431 01:15:50,166 --> 01:15:51,000 and buy a house 4432 01:15:51,000 --> 01:15:52,083 and do all the things 4433 01:15:52,083 --> 01:15:53,833 that they need to do. 4434 01:15:53,833 --> 01:15:54,875 With the fiat world, 4435 01:15:55,916 --> 01:15:56,958 but the 4436 01:15:56,958 --> 01:15:58,333 majority of their 4437 01:15:58,333 --> 01:15:59,375 income 4438 01:15:59,375 --> 01:16:00,750 and the majority 4439 01:16:00,750 --> 01:16:01,833 of their 4440 01:16:01,833 --> 01:16:02,375 or all of 4441 01:16:02,375 --> 01:16:03,416 their savings 4442 01:16:03,416 --> 01:16:04,166 should be 4443 01:16:04,166 --> 01:16:05,083 in Self-custody. 4444 01:16:05,083 --> 01:16:06,416 And so, 4445 01:16:06,416 --> 01:16:06,666 yeah, 4446 01:16:06,666 --> 01:16:07,166 as far as what's 4447 01:16:07,166 --> 01:16:08,208 next, it's 4448 01:16:08,208 --> 01:16:09,208 that I think 4449 01:16:09,208 --> 01:16:10,000 that paycheck 4450 01:16:10,000 --> 01:16:10,541 interaction, 4451 01:16:10,541 --> 01:16:11,875 something deeply 4452 01:16:11,875 --> 01:16:13,000 personal 4453 01:16:13,000 --> 01:16:14,541 and powerful 4454 01:16:14,541 --> 01:16:16,375 about getting, 4455 01:16:16,375 --> 01:16:16,708 you know, 4456 01:16:16,708 --> 01:16:18,000 sending your paycheck 4457 01:16:18,000 --> 01:16:19,250 and knowing a portion 4458 01:16:19,250 --> 01:16:19,875 or all of that 4459 01:16:19,875 --> 01:16:20,250 is turning 4460 01:16:20,250 --> 01:16:21,333 into Bitcoin 4461 01:16:21,333 --> 01:16:22,250 that is very good, 4462 01:16:22,250 --> 01:16:23,375 raw value. 4463 01:16:23,375 --> 01:16:23,708 And there's 4464 01:16:23,708 --> 01:16:24,625 so much opportunity 4465 01:16:24,625 --> 01:16:25,083 that we have. 4466 01:16:25,083 --> 01:16:25,666 On top of that, 4467 01:16:25,666 --> 01:16:26,333 we can start paying 4468 01:16:26,333 --> 01:16:26,916 people early. 4469 01:16:26,916 --> 01:16:27,541 We can give people 4470 01:16:27,541 --> 01:16:28,416 Bitcoin exposure 4471 01:16:28,416 --> 01:16:28,916 like they 4472 01:16:28,916 --> 01:16:29,666 there is just 4473 01:16:29,666 --> 01:16:30,750 there's opportunity 4474 01:16:30,750 --> 01:16:33,750 that exists here. 4475 01:16:33,750 --> 01:16:34,541 So yeah 4476 01:16:34,541 --> 01:16:36,541 all that to say, 4477 01:16:36,541 --> 01:16:37,333 what's next 4478 01:16:37,333 --> 01:16:37,833 is just 4479 01:16:37,833 --> 01:16:38,291 continuing down 4480 01:16:38,291 --> 01:16:38,791 the path. 4481 01:16:38,791 --> 01:16:39,916 We are very excited 4482 01:16:39,916 --> 01:16:40,541 about this. 4483 01:16:40,541 --> 01:16:42,000 These cash accounts 4484 01:16:42,000 --> 01:16:42,541 giving people 4485 01:16:42,541 --> 01:16:43,041 the ability 4486 01:16:43,041 --> 01:16:44,250 to deposit paychecks, 4487 01:16:44,250 --> 01:16:45,000 receive bitcoin 4488 01:16:45,000 --> 01:16:46,541 and self-custody. 4489 01:16:46,541 --> 01:16:47,791 Also, 4490 01:16:47,791 --> 01:16:49,125 this kind of solves 4491 01:16:49,125 --> 01:16:50,958 our Bitcoin bank 4492 01:16:50,958 --> 01:16:51,833 issue, right? 4493 01:16:51,833 --> 01:16:52,875 It's like 4494 01:16:52,875 --> 01:16:54,416 stupid banks, like, 4495 01:16:54,416 --> 01:16:55,458 well, don't send money 4496 01:16:55,458 --> 01:16:56,208 to those people. 4497 01:16:56,208 --> 01:16:56,583 We don't want 4498 01:16:56,583 --> 01:16:57,166 them to have it. 4499 01:16:57,166 --> 01:16:57,541 It's like, 4500 01:16:57,541 --> 01:16:58,625 okay, great. 4501 01:16:58,625 --> 01:16:59,375 Then we'll just 4502 01:16:59,375 --> 01:17:00,416 take the money first 4503 01:17:00,416 --> 01:17:01,416 and then give you 4504 01:17:01,416 --> 01:17:02,458 what's left over. 4505 01:17:02,458 --> 01:17:03,500 You know, like 4506 01:17:03,500 --> 01:17:04,875 this is kind of, 4507 01:17:04,875 --> 01:17:05,291 this is the 4508 01:17:05,291 --> 01:17:06,000 Cobra effect 4509 01:17:06,000 --> 01:17:06,750 in real time. 4510 01:17:06,750 --> 01:17:07,208 Banks are 4511 01:17:07,208 --> 01:17:08,166 losing customers 4512 01:17:08,166 --> 01:17:08,833 because they will not 4513 01:17:08,833 --> 01:17:09,875 let their customers do 4514 01:17:09,875 --> 01:17:10,375 what they want 4515 01:17:10,375 --> 01:17:11,333 with their money. 4516 01:17:11,333 --> 01:17:11,875 And they've 4517 01:17:11,875 --> 01:17:12,333 been too big 4518 01:17:12,333 --> 01:17:13,958 to fail for so long. 4519 01:17:13,958 --> 01:17:16,625 Some incredibly, the 4520 01:17:16,625 --> 01:17:18,875 supernatural force 4521 01:17:18,875 --> 01:17:20,458 in Bitcoin comes along 4522 01:17:20,458 --> 01:17:21,125 and completely 4523 01:17:21,125 --> 01:17:22,291 disrupts their 4524 01:17:22,291 --> 01:17:23,458 their entire 4525 01:17:23,458 --> 01:17:24,208 being in their 4526 01:17:24,208 --> 01:17:25,583 entire business. 4527 01:17:25,583 --> 01:17:26,541 And, yeah, 4528 01:17:26,541 --> 01:17:26,958 I think that 4529 01:17:26,958 --> 01:17:27,375 we're going to be 4530 01:17:27,375 --> 01:17:28,041 in better shape 4531 01:17:28,041 --> 01:17:28,916 because of it. 4532 01:17:28,916 --> 01:17:30,666 But so yeah, the next 4533 01:17:30,666 --> 01:17:31,500 that's a little bit 4534 01:17:31,500 --> 01:17:32,500 I'm working right now. 4535 01:17:32,500 --> 01:17:35,041 We developed, a swap. 4536 01:17:35,041 --> 01:17:36,833 So we obviously send, 4537 01:17:36,833 --> 01:17:37,625 you know, 4538 01:17:37,625 --> 01:17:38,041 hundreds 4539 01:17:38,041 --> 01:17:39,250 of transactions a day 4540 01:17:39,250 --> 01:17:41,250 on chain. And 4541 01:17:42,666 --> 01:17:43,000 part of the 4542 01:17:43,000 --> 01:17:43,500 benefits there is 4543 01:17:43,500 --> 01:17:43,833 that we can 4544 01:17:43,833 --> 01:17:45,333 swap transactions. 4545 01:17:45,333 --> 01:17:46,250 And so we made 4546 01:17:46,250 --> 01:17:47,166 a lightning 4547 01:17:47,166 --> 01:17:48,250 to chain and a chain 4548 01:17:48,250 --> 01:17:50,375 to lightning swap tool 4549 01:17:50,375 --> 01:17:51,125 where you can send 4550 01:17:51,125 --> 01:17:52,000 lightning and receive 4551 01:17:52,000 --> 01:17:54,208 Bitcoin on chain, 4552 01:17:54,208 --> 01:17:55,083 like for free. 4553 01:17:55,083 --> 01:17:56,125 So no fee 4554 01:17:56,125 --> 01:17:57,125 and no minor fee. 4555 01:17:57,125 --> 01:17:57,791 Even you see, 4556 01:17:57,791 --> 01:17:58,416 if you send a million 4557 01:17:58,416 --> 01:17:59,625 SATs on lightning, 4558 01:17:59,625 --> 01:18:00,375 you get a million 4559 01:18:00,375 --> 01:18:01,958 SATs on chain. 4560 01:18:01,958 --> 01:18:03,708 And I want to open 4561 01:18:03,708 --> 01:18:05,250 that up worldwide. 4562 01:18:05,250 --> 01:18:06,833 So investigating, 4563 01:18:06,833 --> 01:18:07,291 you know, 4564 01:18:07,291 --> 01:18:08,166 all the fiat ness 4565 01:18:08,166 --> 01:18:08,458 that is 4566 01:18:08,458 --> 01:18:09,000 that is included 4567 01:18:09,000 --> 01:18:10,208 that my wife has given 4568 01:18:10,208 --> 01:18:11,916 me pretty strict, 4569 01:18:11,916 --> 01:18:13,833 don't go to jail. 4570 01:18:13,833 --> 01:18:14,625 Rules. 4571 01:18:14,625 --> 01:18:14,916 That's 4572 01:18:14,916 --> 01:18:15,916 that's the sole rule 4573 01:18:15,916 --> 01:18:16,750 that I live behind 4574 01:18:16,750 --> 01:18:17,833 or that I live by. 4575 01:18:17,833 --> 01:18:19,333 And so abiding 4576 01:18:19,333 --> 01:18:19,916 by the don't 4577 01:18:19,916 --> 01:18:20,666 go to jail rule 4578 01:18:20,666 --> 01:18:22,291 forces me to be 4579 01:18:22,291 --> 01:18:23,500 relatively aware 4580 01:18:23,500 --> 01:18:24,416 of the compliance. 4581 01:18:26,166 --> 01:18:26,583 In other 4582 01:18:26,583 --> 01:18:27,250 jurisdictions. 4583 01:18:27,250 --> 01:18:27,875 And so currently 4584 01:18:27,875 --> 01:18:28,291 going through 4585 01:18:28,291 --> 01:18:28,958 that process. 4586 01:18:28,958 --> 01:18:30,333 But what that means 4587 01:18:30,333 --> 01:18:31,291 for us is, 4588 01:18:31,291 --> 01:18:31,791 first of all, 4589 01:18:31,791 --> 01:18:31,958 we get 4590 01:18:31,958 --> 01:18:32,666 to give the world 4591 01:18:32,666 --> 01:18:33,000 the ability 4592 01:18:33,000 --> 01:18:34,375 to stack on lightning 4593 01:18:34,375 --> 01:18:34,958 and then 4594 01:18:34,958 --> 01:18:35,750 and then store 4595 01:18:35,750 --> 01:18:36,333 on chain. 4596 01:18:36,333 --> 01:18:36,708 And that's 4597 01:18:36,708 --> 01:18:37,666 probably the future 4598 01:18:37,666 --> 01:18:38,708 for the short term 4599 01:18:38,708 --> 01:18:40,083 stacking in an L2 4600 01:18:40,083 --> 01:18:41,250 secondary chain 4601 01:18:41,250 --> 01:18:41,791 where you are 4602 01:18:41,791 --> 01:18:42,250 giving up 4603 01:18:42,250 --> 01:18:43,083 custody rights, 4604 01:18:43,083 --> 01:18:44,208 like with either 4605 01:18:44,208 --> 01:18:45,125 liquid or lightning, 4606 01:18:45,125 --> 01:18:45,666 you're giving up 4607 01:18:45,666 --> 01:18:46,958 custody rights. 4608 01:18:46,958 --> 01:18:47,833 Frankly, you know, 4609 01:18:47,833 --> 01:18:48,666 you can run a node 4610 01:18:48,666 --> 01:18:51,000 and have channels. 4611 01:18:51,000 --> 01:18:51,875 No one does that. 4612 01:18:51,875 --> 01:18:52,291 It is 4613 01:18:52,291 --> 01:18:53,583 it is the delta 4614 01:18:53,583 --> 01:18:54,666 between 4615 01:18:54,666 --> 01:18:56,041 that and 4616 01:18:56,041 --> 01:18:57,833 custody is so big, 4617 01:18:57,833 --> 01:18:59,916 I believe it's 4618 01:18:59,916 --> 01:19:00,583 like, 4619 01:19:00,583 --> 01:19:01,291 I guess personally 4620 01:19:01,291 --> 01:19:03,458 I do that. 4621 01:19:03,458 --> 01:19:04,625 But I don't believe 4622 01:19:04,625 --> 01:19:05,083 the majority 4623 01:19:05,083 --> 01:19:05,875 of our customers 4624 01:19:05,875 --> 01:19:06,541 will do that. 4625 01:19:06,541 --> 01:19:08,166 And so that said, 4626 01:19:08,166 --> 01:19:09,500 stacking on chain 4627 01:19:09,500 --> 01:19:10,291 in a self-custody 4628 01:19:10,291 --> 01:19:11,666 environment, 4629 01:19:11,666 --> 01:19:12,083 is getting 4630 01:19:12,083 --> 01:19:12,833 quite punitive, 4631 01:19:12,833 --> 01:19:13,833 or it could become 4632 01:19:13,833 --> 01:19:15,000 quite punitive with, 4633 01:19:15,000 --> 01:19:15,750 so management 4634 01:19:15,750 --> 01:19:16,458 and so 4635 01:19:16,458 --> 01:19:17,791 stacking and lightning 4636 01:19:17,791 --> 01:19:18,333 in some kind 4637 01:19:18,333 --> 01:19:19,000 of layer to 4638 01:19:19,000 --> 01:19:19,666 moving it on 4639 01:19:19,666 --> 01:19:20,666 chain to store, 4640 01:19:21,666 --> 01:19:22,500 feels like 4641 01:19:22,500 --> 01:19:23,458 the appropriate 4642 01:19:23,458 --> 01:19:24,333 intermediary 4643 01:19:24,333 --> 01:19:25,000 right now. 4644 01:19:25,000 --> 01:19:25,708 And giving that to 4645 01:19:25,708 --> 01:19:26,083 the world 4646 01:19:26,083 --> 01:19:26,750 is very important. 4647 01:19:26,750 --> 01:19:27,541 And then for us, 4648 01:19:27,541 --> 01:19:28,083 we get to kind 4649 01:19:28,083 --> 01:19:29,375 of identify, hey, 4650 01:19:29,375 --> 01:19:30,208 you've got a pocket of 4651 01:19:30,208 --> 01:19:31,250 users in Brazil, 4652 01:19:31,250 --> 01:19:32,541 why don't we go 4653 01:19:32,541 --> 01:19:33,250 and start deploying 4654 01:19:33,250 --> 01:19:34,750 fiat services 4655 01:19:34,750 --> 01:19:35,583 in Brazil 4656 01:19:35,583 --> 01:19:38,041 or Mexico or whatever? 4657 01:19:38,041 --> 01:19:39,500 Sweden, Finland, 4658 01:19:39,500 --> 01:19:41,291 you know, mind you, 4659 01:19:41,291 --> 01:19:41,833 you get your 4660 01:19:41,833 --> 01:19:42,750 your jurisdiction 4661 01:19:42,750 --> 01:19:45,333 is crazy for, 4662 01:19:45,333 --> 01:19:46,833 laws and compliance. 4663 01:19:46,833 --> 01:19:47,666 So maybe not, 4664 01:19:47,666 --> 01:19:48,750 but we'll see. 4665 01:19:48,750 --> 01:19:49,458 No, but, 4666 01:19:49,458 --> 01:19:50,208 I got the fuck 4667 01:19:50,208 --> 01:19:50,791 out of Sweden 4668 01:19:50,791 --> 01:19:51,625 because of. 4669 01:19:51,625 --> 01:19:52,416 So that's 4670 01:19:52,416 --> 01:19:52,791 one of the 4671 01:19:52,791 --> 01:19:54,416 other things. 4672 01:19:54,416 --> 01:19:55,416 Yes. 4673 01:19:55,416 --> 01:19:57,041 It's, Yeah. 4674 01:19:57,041 --> 01:19:58,083 It's crazy. 4675 01:19:58,083 --> 01:19:59,291 It's a nightmare 4676 01:19:59,291 --> 01:19:59,583 that's. 4677 01:19:59,583 --> 01:20:00,833 In Europe has, like, 4678 01:20:00,833 --> 01:20:01,708 all of it 4679 01:20:01,708 --> 01:20:02,375 kind of its own, 4680 01:20:02,375 --> 01:20:03,625 its own suite 4681 01:20:03,625 --> 01:20:04,666 of services 4682 01:20:04,666 --> 01:20:05,375 and providers 4683 01:20:05,375 --> 01:20:05,833 and stuff. 4684 01:20:05,833 --> 01:20:06,291 It 4685 01:20:06,291 --> 01:20:06,750 we actually 4686 01:20:06,750 --> 01:20:07,625 don't talk to, 4687 01:20:07,625 --> 01:20:08,416 I think the North 4688 01:20:08,416 --> 01:20:10,083 American side 4689 01:20:10,083 --> 01:20:10,916 that often. 4690 01:20:10,916 --> 01:20:11,958 So great to great 4691 01:20:11,958 --> 01:20:12,375 to hear 4692 01:20:12,375 --> 01:20:13,458 your perspective. 4693 01:20:13,458 --> 01:20:14,166 Great to see you 4694 01:20:14,166 --> 01:20:15,166 what you're doing. 4695 01:20:15,166 --> 01:20:16,458 I mean like, 4696 01:20:16,458 --> 01:20:17,458 our touch points 4697 01:20:17,458 --> 01:20:18,000 with Canadian 4698 01:20:18,000 --> 01:20:18,583 Bitcoiners 4699 01:20:18,583 --> 01:20:19,500 over the last 4700 01:20:19,500 --> 01:20:20,083 few months, 4701 01:20:20,083 --> 01:20:20,958 everyone's awesome. 4702 01:20:20,958 --> 01:20:21,375 I mean, we've 4703 01:20:21,375 --> 01:20:22,083 we've talked to, 4704 01:20:25,333 --> 01:20:26,541 but Ben, 4705 01:20:26,541 --> 01:20:27,333 Ben Sessions, I 4706 01:20:27,333 --> 01:20:29,125 know as Ben Perrin. 4707 01:20:29,125 --> 01:20:29,666 It's cubicle 4708 01:20:29,666 --> 01:20:30,125 calling him. 4709 01:20:30,125 --> 01:20:31,208 Just BTC sessions. 4710 01:20:31,208 --> 01:20:32,541 We talked to him. 4711 01:20:32,541 --> 01:20:33,958 Yeah. Mr. sessions. 4712 01:20:33,958 --> 01:20:35,041 Mr. sessions? Yeah. 4713 01:20:35,041 --> 01:20:37,583 Dave Bradley, like, 4714 01:20:37,583 --> 01:20:38,041 all the 4715 01:20:38,041 --> 01:20:38,833 the Canadian 4716 01:20:38,833 --> 01:20:39,625 community is, 4717 01:20:39,625 --> 01:20:40,166 is just 4718 01:20:40,166 --> 01:20:41,916 absolutely fantastic. 4719 01:20:41,916 --> 01:20:43,083 The Alberta 4720 01:20:43,083 --> 01:20:44,250 Nasdaq like. 4721 01:20:44,250 --> 01:20:45,208 Yes. Exact. 4722 01:20:45,208 --> 01:20:46,333 Exactly. Yeah. 4723 01:20:46,333 --> 01:20:46,791 I mentioned 4724 01:20:46,791 --> 01:20:48,500 a few of Frances. 4725 01:20:48,500 --> 01:20:49,041 Yeah, yeah. 4726 01:20:49,041 --> 01:20:49,958 Yeah, exactly. 4727 01:20:49,958 --> 01:20:51,583 And so, no. 4728 01:20:51,583 --> 01:20:52,500 Awesome to see 4729 01:20:52,500 --> 01:20:53,750 what you're doing. 4730 01:20:53,750 --> 01:20:55,625 And 4731 01:20:55,625 --> 01:20:56,666 looking forward to, 4732 01:20:56,666 --> 01:20:57,458 to seeing everything 4733 01:20:57,458 --> 01:20:58,625 that is coming up 4734 01:20:58,625 --> 01:20:59,541 with Bitcoin. 4735 01:20:59,541 --> 01:21:02,291 Well, so, yeah. 4736 01:21:02,291 --> 01:21:02,875 Adam was, 4737 01:21:02,875 --> 01:21:03,208 was there 4738 01:21:03,208 --> 01:21:03,666 anything else 4739 01:21:03,666 --> 01:21:04,083 you wanted 4740 01:21:04,083 --> 01:21:05,666 to, to touch on that 4741 01:21:05,666 --> 01:21:06,208 we haven't 4742 01:21:06,208 --> 01:21:07,291 already covered? 4743 01:21:07,291 --> 01:21:07,708 Now man, 4744 01:21:07,708 --> 01:21:08,333 this is great. 4745 01:21:08,333 --> 01:21:09,000 You guys crash it. 4746 01:21:09,000 --> 01:21:09,875 It's always fun 4747 01:21:09,875 --> 01:21:10,541 driving down 4748 01:21:10,541 --> 01:21:11,458 the philosophical 4749 01:21:11,458 --> 01:21:12,125 rabbit hole 4750 01:21:12,125 --> 01:21:13,416 of of bitcoin. 4751 01:21:13,416 --> 01:21:13,958 And, 4752 01:21:13,958 --> 01:21:14,750 you know, 4753 01:21:14,750 --> 01:21:15,375 bitcoiners 4754 01:21:15,375 --> 01:21:16,166 get a lot of flack 4755 01:21:16,166 --> 01:21:16,625 for saying 4756 01:21:16,625 --> 01:21:17,750 Bitcoin fixes this. 4757 01:21:17,750 --> 01:21:18,541 But when you run down 4758 01:21:18,541 --> 01:21:20,541 the logic train, 4759 01:21:20,541 --> 01:21:21,416 Bitcoin fixes 4760 01:21:21,416 --> 01:21:22,208 a lot of things. 4761 01:21:23,625 --> 01:21:24,708 Absolutely. 4762 01:21:24,708 --> 01:21:26,000 Almost everything. 4763 01:21:26,000 --> 01:21:26,833 Almost everything 4764 01:21:26,833 --> 01:21:28,500 then and it's 4765 01:21:28,500 --> 01:21:29,583 it's it is 4766 01:21:29,583 --> 01:21:31,625 really remarkable, 4767 01:21:31,625 --> 01:21:32,791 that we get to live 4768 01:21:32,791 --> 01:21:34,083 in a time 4769 01:21:34,083 --> 01:21:35,208 to contribute to that, 4770 01:21:35,208 --> 01:21:36,000 like you guys 4771 01:21:36,000 --> 01:21:36,833 with your show, 4772 01:21:36,833 --> 01:21:38,000 you know, like, 4773 01:21:38,000 --> 01:21:38,375 you know, what 4774 01:21:38,375 --> 01:21:38,791 we get to do 4775 01:21:38,791 --> 01:21:40,833 with Bitcoin? Well, 4776 01:21:40,833 --> 01:21:42,750 I just think about 4777 01:21:42,750 --> 01:21:43,458 and you know, 4778 01:21:43,458 --> 01:21:44,125 there's a chance 4779 01:21:44,125 --> 01:21:44,541 that we don't 4780 01:21:44,541 --> 01:21:45,125 get any credit, 4781 01:21:45,125 --> 01:21:46,500 which is fine. 4782 01:21:46,500 --> 01:21:46,833 You know 4783 01:21:46,833 --> 01:21:47,375 I don't know who 4784 01:21:47,375 --> 01:21:47,875 made the first 4785 01:21:47,875 --> 01:21:49,166 printing press, 4786 01:21:49,166 --> 01:21:49,833 but I know it was 4787 01:21:49,833 --> 01:21:50,791 pretty damn important 4788 01:21:50,791 --> 01:21:51,500 for the future 4789 01:21:51,500 --> 01:21:52,625 of democracy. 4790 01:21:52,625 --> 01:21:53,791 Gutenberg. 4791 01:21:53,791 --> 01:21:54,708 It was it. 4792 01:21:54,708 --> 01:21:57,708 Yeah. 4793 01:21:59,000 --> 01:21:59,375 So, yeah, 4794 01:21:59,375 --> 01:22:00,000 I think it's cool. 4795 01:22:00,000 --> 01:22:00,541 I think it's great 4796 01:22:00,541 --> 01:22:00,875 that we get 4797 01:22:00,875 --> 01:22:01,833 to communicate. 4798 01:22:01,833 --> 01:22:03,000 And, 4799 01:22:03,000 --> 01:22:03,875 and I think it's great 4800 01:22:03,875 --> 01:22:04,291 that we get to 4801 01:22:04,291 --> 01:22:05,666 contribute to 4802 01:22:05,666 --> 01:22:06,333 what the future 4803 01:22:06,333 --> 01:22:07,083 of Bitcoin will be. 4804 01:22:07,083 --> 01:22:08,125 So yeah, 4805 01:22:08,125 --> 01:22:09,125 hats off to you guys. 4806 01:22:09,125 --> 01:22:09,541 Thanks so much 4807 01:22:09,541 --> 01:22:10,166 for having me. 4808 01:22:10,166 --> 01:22:11,000 And looking forward 4809 01:22:11,000 --> 01:22:12,416 to our chat soon. 4810 01:22:12,416 --> 01:22:12,666 Yeah. 4811 01:22:12,666 --> 01:22:13,791 Final thought, 4812 01:22:13,791 --> 01:22:14,458 did you know that 4813 01:22:14,458 --> 01:22:15,333 you can mix 4814 01:22:15,333 --> 01:22:16,916 like milk, sugar, 4815 01:22:16,916 --> 01:22:18,000 eggs and butter and 4816 01:22:18,000 --> 01:22:18,416 store your 4817 01:22:18,416 --> 01:22:19,166 bitcoin in that 4818 01:22:21,041 --> 01:22:21,666 weather with a 4819 01:22:21,666 --> 01:22:22,500 vanilla vanilla 4820 01:22:22,500 --> 01:22:24,125 extract? Give me this. 4821 01:22:24,125 --> 01:22:25,250 How do you do that? 4822 01:22:25,250 --> 01:22:25,666 It's called 4823 01:22:25,666 --> 01:22:28,666 self-custody. 4824 01:22:29,916 --> 01:22:31,500 Okay. 4825 01:22:31,500 --> 01:22:33,041 I will accept that. 4826 01:22:33,041 --> 01:22:34,375 And I will, 4827 01:22:34,375 --> 01:22:35,375 I will go try it. 4828 01:22:35,375 --> 01:22:35,875 It sounds 4829 01:22:35,875 --> 01:22:36,750 just like eggnog 4830 01:22:36,750 --> 01:22:38,666 to me, but. 4831 01:22:38,666 --> 01:22:39,041 Events 4832 01:22:39,041 --> 01:22:41,458 on how you mix, like 4833 01:22:41,458 --> 01:22:42,666 if you use wasabi 4834 01:22:42,666 --> 01:22:45,416 or not, like, but, 4835 01:22:45,416 --> 01:22:46,291 all right, anywhere 4836 01:22:46,291 --> 01:22:46,833 you want to send 4837 01:22:46,833 --> 01:22:48,875 our listeners, more. 4838 01:22:48,875 --> 01:22:49,125 Yeah. 4839 01:22:49,125 --> 01:22:50,291 I mean, certainly go 4840 01:22:50,291 --> 01:22:50,916 go to Bitcoin. 4841 01:22:50,916 --> 01:22:52,333 Welcome. 4842 01:22:52,333 --> 01:22:53,166 We're going to be, 4843 01:22:53,166 --> 01:22:54,000 like I said, that 4844 01:22:54,000 --> 01:22:54,583 swap tool. 4845 01:22:54,583 --> 01:22:55,000 I'm working 4846 01:22:55,000 --> 01:22:56,166 very hard to get this. 4847 01:22:56,166 --> 01:22:57,375 I want this live. 4848 01:22:57,375 --> 01:22:58,583 And so, 4849 01:22:58,583 --> 01:23:00,541 got a Bitcoin welcome. 4850 01:23:00,541 --> 01:23:01,416 Make an account 4851 01:23:01,416 --> 01:23:03,208 and then do nothing. 4852 01:23:03,208 --> 01:23:04,458 And we'll, 4853 01:23:04,458 --> 01:23:05,125 when it's live, 4854 01:23:05,125 --> 01:23:05,666 it'll be live. 4855 01:23:05,666 --> 01:23:06,458 But also, you know, 4856 01:23:06,458 --> 01:23:08,041 like on Twitter, 4857 01:23:08,041 --> 01:23:09,375 you can get me at Adam 4858 01:23:09,375 --> 01:23:10,458 O'Brien underscore 4859 01:23:10,458 --> 01:23:11,250 or on primal 4860 01:23:11,250 --> 01:23:12,875 or on nosotros. Sorry. 4861 01:23:12,875 --> 01:23:14,166 You can get me. 4862 01:23:14,166 --> 01:23:15,250 I'm a I'm a nipple 4863 01:23:15,250 --> 01:23:16,583 five maxi. 4864 01:23:16,583 --> 01:23:17,333 Meaning I'm 4865 01:23:17,333 --> 01:23:18,000 not going to sit here 4866 01:23:18,000 --> 01:23:18,958 and rattle off my 4867 01:23:18,958 --> 01:23:20,083 my job, 4868 01:23:20,083 --> 01:23:20,583 but I am going 4869 01:23:20,583 --> 01:23:21,333 to get nipple 4870 01:23:21,333 --> 01:23:22,333 five verification 4871 01:23:22,333 --> 01:23:23,625 which is just Adam 4872 01:23:23,625 --> 01:23:26,250 at btc w app. 4873 01:23:26,250 --> 01:23:27,583 So btc w is 4874 01:23:27,583 --> 01:23:28,625 this is the shorthand 4875 01:23:28,625 --> 01:23:29,125 for bitcoin. 4876 01:23:29,125 --> 01:23:30,625 Well dot app 4877 01:23:30,625 --> 01:23:31,250 that's my nipple. 4878 01:23:31,250 --> 01:23:32,125 Five verification. 4879 01:23:32,125 --> 01:23:33,000 If you search that 4880 01:23:33,000 --> 01:23:34,000 in any in any, 4881 01:23:34,000 --> 01:23:35,166 Nostre client, 4882 01:23:35,166 --> 01:23:37,166 you'll likely see me 4883 01:23:37,166 --> 01:23:38,041 and Yeah, 4884 01:23:38,041 --> 01:23:39,333 follow me there. 4885 01:23:39,333 --> 01:23:40,083 We'd love to connect 4886 01:23:40,083 --> 01:23:40,875 with more Bitcoiners, 4887 01:23:40,875 --> 01:23:42,000 especially, 4888 01:23:42,000 --> 01:23:42,375 you know, 4889 01:23:42,375 --> 01:23:43,000 international 4890 01:23:43,000 --> 01:23:43,875 Bitcoiners are great 4891 01:23:43,875 --> 01:23:44,708 because my family 4892 01:23:44,708 --> 01:23:45,500 and I might show up 4893 01:23:45,500 --> 01:23:46,166 looking for a place 4894 01:23:46,166 --> 01:23:46,916 to stay one day, 4895 01:23:46,916 --> 01:23:47,666 and then, 4896 01:23:47,666 --> 01:23:48,333 and then we'll 4897 01:23:48,333 --> 01:23:49,041 have some fun. 4898 01:23:51,125 --> 01:23:52,291 Thank you very much. 4899 01:23:52,291 --> 01:23:52,666 Adam. 4900 01:23:52,666 --> 01:23:54,166 This has been, 4901 01:23:54,166 --> 01:23:55,166 a great conversation. 4902 01:23:55,166 --> 01:23:56,583 I enjoyed it a lot. 4903 01:23:56,583 --> 01:23:57,583 And, Yeah, 4904 01:23:57,583 --> 01:23:58,916 we'll keep in touch. 4905 01:23:58,916 --> 01:23:59,291 Awesome. 4906 01:23:59,291 --> 01:23:59,541 Thank you 4907 01:23:59,541 --> 01:24:00,958 for everything. Yeah. 4908 01:24:00,958 --> 01:24:01,791 Thanks a lot, Adam. 4909 01:24:01,791 --> 01:24:02,208 Take care.