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the idea, is to bring, Bitcoin and libertarian ideas.

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In a more palatable form to so called normies, we read all those Bitcoin books.

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And some of us read those Austrian economics books, they're pretty dense,

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not really a page turner for most people, However, everybody likes good stories.

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whether it's movies or TV shows, this time it's a book, but

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the story is the main point.

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So compelling human interest, high stakes stories that are

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somehow related to alternative.

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Bitcoin related universes, like what might happen if, Bitcoin becomes widely accepted

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or what might happen if things go wrong and we slip into some kind of a dystopia.

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Welcome back to the Freedom Footprint show, the Bitcoin

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philosophy show with Knut Svanholm and me, Luke the Pseudo Finn.

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And today we're joined by Niko Laamanen who is variously known as

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Omni Finn, the shadowy super publisher and the man who, without which this

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show would not have been possible.

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So Niko, welcome back to the Freedom Footprint show.

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Thank you Luke.

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Thanks for having me and thanks Knut.

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Awesome to be here.

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Looking forward to it.

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Yeah, I love your outfit, Niko.

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Uh, the shadow is super publisher outfit.

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So we were, we're here to talk about the latest Konsensus Network project,

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which is a very interesting project that I'm super proud to be involved in.

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It's called 21 Futures and it's an analogy, uh, uh, uh, uh, analogy?

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No, uh,

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Anthology.

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Yes.

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Oh, well, anyway, Bitcoin anthology.

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It's, uh, 21, stories, about somehow connected to Bitcoin.

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It's mostly dystopian sci fi, I think.

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But, uh, tell us a bit more about the project, Niko,

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and how you came up with it.

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And, uh...

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Uh, how things are going, uh, will it be out for Christmas or all of this stuff?

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Sure.

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Thanks.

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Yeah.

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Uh, first of all, I did not come up with it.

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All credit goes to Phil, Philip Charter, who is the editor and also, my sort of

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language tutor helped me a lot with, with my editing and becoming a better writer.

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And then of course, uh, during those lessons, I started orange pilling him

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using Knut's books, uh, 21 million, uh, everything divided by 21 million

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was the first book I gave him.

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He really liked it and, uh, tumbled down.

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And then one day.

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he just messaged me and, pitches this idea of a fiction anthology

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set in Bitcoin-verse And I was like, huh, that sounds really cool.

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I haven't heard of anything like that.

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Let's do it like immediately within the first five minutes.

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And that's how it started.

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And, uh, he, he has more experience in, in like short, short story writing.

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He's a writer himself.

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I didn't, I didn't know how, how you would go about it.

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So we started gathering submissions, we put a Twitter call and I believe

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we got more than 50 submissions, which was a little bit surprising to me.

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I didn't expect it to be so popular.

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some were better, some were worse, but in the end, after meticulously

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combing the, the stories with Phil, we landed on, 21 of our favorite stories.

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And one of them is yours, Knut, of course, and one of them is Ioni's actually,

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that was a funny thing because he wasn't even supposed to be in the, he declined.

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They offer it in the first place, but then he changed his mind and as it so

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happened that somebody just dropped out, so there was a slot for him.

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So Joni is also included.

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So that's pretty cool.

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But yeah, about the project is, uh, the idea, at least in my opinion, is to

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bring, Bitcoin and libertarian ideas.

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In a more palatable form and more accessible form to so called normies,

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we all read all those Bitcoin books.

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And some of the, some of us read those Austrian economics books, they're

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pretty dense, not really a page turner for most people, what they would

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consider spending their time on.

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However, everybody likes good stories.

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Everybody.

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It doesn't matter who you are.

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whether it's movies or TV shows, this time it's a book, maybe there will

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be some, some movies as well made of those, but the story is the main point.

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So compelling human interest, high stakes stories that are

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somehow related to alternative.

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Bitcoin related universes, like what might happen if, you know, Bitcoin

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becomes widely accepted or what might happen if things go wrong and we

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slip into some kind of a dystopia.

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Like you said, Knut correctly predicted a lot of the stories are about that.

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But there's also comedy, like, uh, almost like crazy comedy.

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the variety is staggering.

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I think we have authors from more than 10 countries really a diverse set of

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voices and really different styles, reading it and putting it together has

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been a challenge, but a rewarding one.

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And I think people are going to really like it.

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there's a couple of really, really good stories that I'm not going to spoil

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here, but once you get the book, I hope, I hope you're going to like it.

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And I think people will, but yeah, the, the enthusiasm from

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the authors has been amazing.

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everybody's so excited to see this happen and it's a world

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first, so, so there's always that.

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So we'll see how it goes.

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Yeah.

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And you're too humble here, Niko, because you have a story in the book as well.

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I know that for a fact and I read it and it's, uh, it's very good.

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It's better than mine.

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Definitely.

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thank you for saying that.

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Yeah.

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I really liked that one.

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would it be an accurate description to say that this is, if you think

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of the, uh, the TV series Black Mirror, is this like Orange Mirror

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Yeah, I think that's a good way to put it.

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Um, I would say that there's maybe.

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Not all the stories are like Doom and Gloom and like...

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Dystopian, some of them are, but also some are really optimistic about the future and

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they paint a different kind of, uh, more bullish picture maybe, but yeah, I would

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say it's more on the darker side, perhaps.

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Maybe it's because of the uncertainty surrounding Bitcoin and maybe also

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that Bitcoiners are generally better grounded and realistic and understand

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that, you know, things can, many things can go wrong when, when human

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action is involved and incentives.

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And if some things go wrong, like for example, if we have a nice story

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about AI becoming sentient and all stuff like that, uh, we don't know.

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Uh, but I guess those are the things that are in our mind.

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And.

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A lot of the authors, they started the story with just one picture, one, one

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idea, uh, in, in their mind and build the world around that one concept and one,

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one picture, uh, yourself included, Knut.

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yeah.

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I think the, uh, the notion of writing something in a Bitcoin, sort of

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futuristic Bitcoin setting makes for a pretty boring story since everything's

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absolutely awesome in a Bitcoin future.

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Where, where all, all the.

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Yeah, yeah, sort of like maybe, maybe, maybe my story is a little bit of a

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negative take on that because in, in my Bitcoin utopia, things have gone.

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On the surface, it's sort of like nothing has changed, like human nature

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is, human action is sort of cyclical, like the communism raises its head

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again and again and again, and people always think it's a good idea when

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it comes, and then things go to shit.

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So, I took a bit of that kind of a take on it, like 200 years from now, yes,

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a lot of things are in some meters, can be said that it's better, but the

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core problem of humanity, the violence and oppression, has not gone away.

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And that's something that, um, Maybe I disagree with some Bitcoiners, myself

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personally as well, that Bitcoin might not be the fixer of everything, that

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humans are the fixers of everything, and it's up to the humans to use the tools.

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In a way that is mutually beneficial to all.

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And how much of this is from life experience and how much

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of it is just basic black metal doom and gloom Finnish heritage?

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I think everything is, is life experience.

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Like, you know, the school of life, it's sort of a meme that people who didn't

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go to university, they're just like life schoolers or whatever you call them.

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But everybody is in the life school, school of life.

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Like everything is an experience.

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We gather data, we analyze and process it and make predictions based on past events.

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Um, so everything is life, life experience.

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And while I've read a lot of books, one thing that makes me less bullish

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about Bitcoin is that Austrian economics books like Murray Rothbard's books, for

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example, have been around for decades.

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And people don't still know any better.

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You know, a lot of Bitcoiners don't even know the word praxeology,

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which is staggering to me.

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Like, when I read those books, I sort of assumed, uh, that most people are familiar

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with these topics and then experience.

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Demonstrated the opposite.

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So there's a lot of work to do in educating people about this topic.

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So that's precisely the reason of 21 Futures, because let's be

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honest, like nobody's going to read a thousand pages of human action.

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Nobody, like maybe, maybe us, but, uh, but that's it.

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And

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Yeah, I read it

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two hours.

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Well, there you go.

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And well, me too, but, uh, the first time it was actually man, man, economy

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and state, which is the better version of human action, in my opinion.

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But you get my point.

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Like the attention span is, um, that of a fruit fly nowadays.

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So if you don't have short form content, engaging content, you know,

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stuff that immediately tickles your fancy, you're going to lose people.

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And that includes Bitcoiners.

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Like we're no, no better, we're not immune to, to this, uh, Dopamine hook.

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So to try, I think we need to try to play within the market.

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Uh, it is what it is.

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I don't like it necessarily.

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I do like good stories.

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So there is a way to package these ideas in a more palatable way, I believe.

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And this is one of them.

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Yes, and that is why we've of course edited this eight hour

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conversation down to around an hour.

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Tell us a bit more about Konsensuses in general, like, um, what, what,

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what is the, uh, what, what is the plan for Konsensus going forward?

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What, what projects are on the horizon?

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Well, thanks for asking that.

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Yeah.

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It's been interesting to follow how the Starfish organization organically

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changes shape all the time and develops.

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And sometimes the direction may not be completely clear.

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But for example, right now we are clearly moving towards services service provider

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rather than straight up publisher because self-publishing is so big.

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So people don't really need a publisher like I'm a publisher and I'm, I'm,

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you know, I don't have any problems saying that because I'm not gonna lose

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business because of that, because the, the self publishers are still going to

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need typesetting editing cover design.

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All of that, none of that goes away, but the publication project itself,

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it's far away from the traditional publishing model that has been

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reigning for hundreds of years.

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And uh, I think it happened during the last 20, 10 years,

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maybe due to the internet mostly.

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And now the tools are so powerful with AI tools, rewriting tools,

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editing tools, translation tools.

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That is, it's rather trivial to write something.

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Of course, the content.

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Uh, content creation side is still, uh, still difficult, but in theory,

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anybody can just up and publish a book.

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It's not that difficult.

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So we offer the services for that as a self publishing package.

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And I got to say, those packages sell way better than books at the moment.

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Yeah, I, I expect an explosion in books here now because of AI.

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Uh, but I heard about an interesting court case the other day where someone was sued

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for copyright infringement for publishing something that, ChatGPT had spewed out.

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Do you know anything about that or are there any concerns, copyright

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concerns with using AI and uh, Like, is that something that we, Konsensus,

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should be aware of and even afraid of?

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I mean, yeah, I follow it closely because we do use AI tools

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in our publications as well.

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So, uh, it's always interesting to see, of course it's possible that something

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like that could be outlawed, that you're, you're not allowed to use because the

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most of the AI models, they are trained on data that is also somewhat copyrighted.

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Well, that, does that mean that, uh, for example, if you walk outside

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and you see the sign of the, the convertible sign of Coca-Cola.

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And you're inspired by the logo and you draw something similar because

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you use that as an inspiration.

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Well, that does not constitute as copyright infringement.

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And I think AI is much the same.

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Of course, if you go to a mid journey prompt or daily and you type like, uh,

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I want this, uh, black, uh, ball eared.

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mouse like cartoon figure doing something and then you make a cartoon out of it,

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then that might, might take you to, uh, closer to what might be called,

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uh, you know, a copyright infringement because you're clearly trying to imitate

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something that was not your idea.

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So I think there's going to be a lot of gray area, a lot of different kinds

236
00:14:11,289 --> 00:14:16,699
of rulings, but it's just a tool, just like, uh, if you use Grammarly.

237
00:14:17,279 --> 00:14:21,589
Um, or any kind of other, uh, AI writing assistant tool they

238
00:14:21,589 --> 00:14:24,069
check for plagiarism, for example.

239
00:14:24,829 --> 00:14:27,859
So if you copy paste something that is a direct lift.

240
00:14:28,294 --> 00:14:33,604
Uh, obviously that's not okay, but if, if you get inspired by that and write

241
00:14:33,604 --> 00:14:36,064
something adjacent, that's a new product.

242
00:14:36,724 --> 00:14:38,764
I don't think much of that is going to change.

243
00:14:39,223 --> 00:14:45,333
Yeah, if you, uh, if you prompt it with a big eared cartoon character,

244
00:14:45,363 --> 00:14:53,523
um, uh, then, uh, uh, King Charles will definitely sue you immediately for

245
00:14:53,523 --> 00:14:55,793
copyright infringement and using his face.

246
00:14:56,439 --> 00:15:03,529
So, uh, but I think this court case was actually someone who had copy pasted

247
00:15:03,529 --> 00:15:10,319
a prompt from chat, or an answer from chat GPT and was sued for that, for

248
00:15:10,319 --> 00:15:17,434
the answer that chat GPT, uh, Gabe, and not for something copy pasted

249
00:15:17,444 --> 00:15:19,274
from anywhere else on the internet.

250
00:15:19,374 --> 00:15:23,094
So, so that's, that might be a concern going into the future.

251
00:15:23,524 --> 00:15:28,635
Anyway, about AI in general, like, uh, I love Aleks Svetsky's term for it.

252
00:15:28,645 --> 00:15:36,265
Midwit obsolescence technology, Excellent yeah, it, it, uh,

253
00:15:36,525 --> 00:15:39,695
replaces all the jobs done by the.

254
00:15:40,630 --> 00:15:46,960
The, um, the middle of the bell curve people, uh, so, uh, but it

255
00:15:46,960 --> 00:15:50,030
can never replace original thoughts.

256
00:15:50,400 --> 00:15:55,400
And I think the, problem with the name intelligence is that it's not really

257
00:15:55,400 --> 00:15:58,180
intelligent as it, uh, it lacks agency.

258
00:15:58,180 --> 00:16:04,080
It cannot feel uneasy and therefore it can never do anything by its own free will.

259
00:16:04,428 --> 00:16:09,508
so, and I think that aspect of intelligence is very underrated.

260
00:16:09,748 --> 00:16:11,578
Uh, what are your thoughts on AI in general?

261
00:16:12,508 --> 00:16:12,728
Yeah.

262
00:16:12,728 --> 00:16:15,138
I mean, intelligence is an interesting word.

263
00:16:15,138 --> 00:16:24,878
I would define it more like, uh, A novel way, way to analyze and arrange data to

264
00:16:24,878 --> 00:16:29,008
make predictions and create outcomes.

265
00:16:29,478 --> 00:16:31,418
I think that could be called intelligence.

266
00:16:31,438 --> 00:16:35,878
I don't think AI is a terribly terrible term, however, it does

267
00:16:35,988 --> 00:16:37,888
lack the ability to create.

268
00:16:38,498 --> 00:16:41,388
Something original, like you said, and that's the key.

269
00:16:41,388 --> 00:16:46,468
And that's, why humans can't be at least at this point until, human

270
00:16:46,468 --> 00:16:51,248
engineers crack the essence of consciousness, which I don't expect

271
00:16:51,248 --> 00:16:52,898
to happen anytime soon, maybe never.

272
00:16:53,542 --> 00:16:55,772
So I don't think that can be simulated.

273
00:16:55,822 --> 00:17:00,502
So what it will, what it is right now and what I think it continues to be is

274
00:17:00,502 --> 00:17:02,902
an extremely efficient and powerful.

275
00:17:03,317 --> 00:17:04,297
tool to use.

276
00:17:04,437 --> 00:17:10,217
It's just like, like Google, but just way better because now you can do art.

277
00:17:10,737 --> 00:17:14,007
Like for example, myself, like I'm, I'm able to compete with,

278
00:17:14,127 --> 00:17:17,667
uh, with real artists because of AI, because I have creativity.

279
00:17:18,427 --> 00:17:21,687
So I can, I can just prompt and then I can take it to Photoshop and I can

280
00:17:21,687 --> 00:17:23,487
prompt pieces of the picture like that.

281
00:17:23,767 --> 00:17:26,967
It's amazing to think that that exists right now.

282
00:17:27,037 --> 00:17:30,497
And this is year zero, by the way, for AI tools.

283
00:17:31,127 --> 00:17:33,937
And we know that they're only going to get better and better.

284
00:17:35,162 --> 00:17:40,092
So if you don't use AI right now, it is almost guaranteed that you're going to

285
00:17:40,102 --> 00:17:43,582
be left behind no matter what your field is, because you won't be able to compete.

286
00:17:43,582 --> 00:17:45,792
It's the same as adopting Bitcoin, really.

287
00:17:45,972 --> 00:17:47,772
Like, it's the superior technology.

288
00:17:48,451 --> 00:17:52,361
of course, the same way as Bitcoin, if you just rely on Bitcoin, it's just

289
00:17:52,361 --> 00:17:55,481
like, yeah, I'm just going to stack and hold, and everything's going to be fine,

290
00:17:55,481 --> 00:17:57,251
and everything's going to be great.

291
00:17:57,351 --> 00:17:58,751
We're going to go to Bitcoin standard.

292
00:17:59,186 --> 00:18:01,656
Actually going to do anything with your Bitcoin.

293
00:18:01,656 --> 00:18:03,176
You're just going to hold on to it.

294
00:18:03,236 --> 00:18:07,126
It's a similar way that you, you just think that, Oh yeah, I'm just going to

295
00:18:07,126 --> 00:18:11,106
throw an idea to ChatGTP and I'm going to copy paste it and call it a blog post.

296
00:18:11,386 --> 00:18:11,976
It's going to suck.

297
00:18:11,976 --> 00:18:12,796
I promise you.

298
00:18:13,436 --> 00:18:15,196
So you still have to do the work.

299
00:18:15,196 --> 00:18:16,636
You still have to do the creative work.

300
00:18:16,636 --> 00:18:18,911
You can just do it way, way faster.

301
00:18:19,141 --> 00:18:22,981
Right now, but it doesn't discount your own proof of work.

302
00:18:23,422 --> 00:18:28,092
Yeah, I think this is an interesting, uh, segue to a subject where

303
00:18:28,092 --> 00:18:29,902
we seem to differ slightly.

304
00:18:29,942 --> 00:18:36,332
Uh, even though we, uh, so Niko edited the praxeology book with me as almost

305
00:18:36,332 --> 00:18:41,352
even co wrote it, I would say, because we, uh, we put a lot of effort into each,

306
00:18:41,432 --> 00:18:45,712
each, uh, section there, and there's a section about money never being idle.

307
00:18:46,122 --> 00:18:52,567
So when you save capital and when you When you hodl, as you say, you are not actually

308
00:18:52,577 --> 00:18:58,507
not using the bitcoins, but they are providing you with a service at all times.

309
00:18:58,597 --> 00:19:03,297
And that service is mainly the sense of security you get from knowing

310
00:19:03,297 --> 00:19:09,927
that you have financial stability so that you can dare to do other stuff.

311
00:19:09,957 --> 00:19:11,607
So what are your thoughts on that, Niko

312
00:19:12,032 --> 00:19:15,252
Yeah, I mean, I've been triggering people a lot by saying that hodling is

313
00:19:15,252 --> 00:19:20,172
nothing, and it only makes sense in the context of spending, which technically

314
00:19:20,172 --> 00:19:22,222
is true, at least the second part.

315
00:19:22,742 --> 00:19:24,722
Of course, hodling is not nothing.

316
00:19:24,772 --> 00:19:26,822
Like you said, it does provide you a service.

317
00:19:26,822 --> 00:19:27,752
That's why you do it.

318
00:19:27,802 --> 00:19:30,912
You make a trade with yourself to save and not spend.

319
00:19:31,472 --> 00:19:33,182
Time preference thinking.

320
00:19:34,128 --> 00:19:37,448
it's a savings technology, so you can save your energy for use later.

321
00:19:37,478 --> 00:19:38,778
That's a, that's a clear service.

322
00:19:39,458 --> 00:19:43,765
All I'm saying is that eventually, you're going to want to eat.

323
00:19:44,295 --> 00:19:46,035
You're going to want to build a house.

324
00:19:46,265 --> 00:19:47,945
You're going to want to take a vacation.

325
00:19:48,785 --> 00:19:49,815
And at that point.

326
00:19:50,210 --> 00:19:56,880
If you're still using fiat and you're not actively trying to move yourself and

327
00:19:57,060 --> 00:20:00,820
distance yourself from the destructive system, you're still kind of like

328
00:20:00,820 --> 00:20:07,620
hanging on the green tit of fiat, um, things are going to slow down.

329
00:20:08,500 --> 00:20:11,720
So I'm not saying that everybody needs to be an anarchist right now

330
00:20:11,790 --> 00:20:13,996
and, and, you know, stop paying taxes or anything like that.

331
00:20:13,996 --> 00:20:14,960
It's not practical.

332
00:20:15,025 --> 00:20:20,845
It's, it's, it's just that, the mindset, like it takes much more work

333
00:20:20,925 --> 00:20:22,975
for us to put these tools to good use.

334
00:20:23,015 --> 00:20:27,435
Like they're still in beta level, you know, the monetary network tools

335
00:20:27,435 --> 00:20:29,505
that we have, maybe even alpha level.

336
00:20:29,985 --> 00:20:31,205
And people don't realize that.

337
00:20:31,205 --> 00:20:34,885
And it's sometimes a little bit annoying to see that people think that,

338
00:20:34,925 --> 00:20:36,355
you know, Bitcoin is a sure thing.

339
00:20:37,065 --> 00:20:40,722
We're already one and, and, uh, there's so many problems

340
00:20:40,732 --> 00:20:42,482
still that need to be tackled.

341
00:20:42,877 --> 00:20:47,607
And all I'm encouraging, I'm encouraging people to think about that, like there's

342
00:20:47,607 --> 00:20:52,627
nothing wrong, if you want to go to your, your, uh, nine to five and stack sats

343
00:20:52,977 --> 00:20:56,947
on the side, that's definitely better than, than the other alternative of

344
00:20:56,967 --> 00:20:59,167
not having Bitcoin at all, but there's.

345
00:20:59,837 --> 00:21:04,507
You, you should, I think, and I want to progress on the steps of life.

346
00:21:05,167 --> 00:21:06,557
So what's the next step?

347
00:21:06,607 --> 00:21:08,257
Always thinking about the next step.

348
00:21:08,547 --> 00:21:11,867
How am I going to exit this fiat life eventually?

349
00:21:12,087 --> 00:21:16,615
Like if you don't put those, things in motion, it's not ever going to happen.

350
00:21:16,795 --> 00:21:19,355
Cause I don't believe, and this is probably something we disagree.

351
00:21:19,895 --> 00:21:24,015
I don't believe that fiat as, as an idea or communism as an

352
00:21:24,015 --> 00:21:25,605
idea is ever going to go away.

353
00:21:25,830 --> 00:21:30,780
Just like I said earlier, the basis of my story is that we go in circles

354
00:21:30,860 --> 00:21:34,930
and we just come up with a new name for it and people are going to accept

355
00:21:34,930 --> 00:21:36,650
it because that's what people do.

356
00:21:36,990 --> 00:21:39,780
They are, uh, authority dependent.

357
00:21:40,403 --> 00:21:45,163
so I think it's up to us to show a better way, like how to build.

358
00:21:45,818 --> 00:21:52,418
Sustainably, how to use Bitcoin and AI and other tools and how to wield your freedom,

359
00:21:52,438 --> 00:21:56,118
how to claim your freedom, because you always had it, you just gave it away

360
00:21:56,780 --> 00:21:59,080
and, uh, how to stop being complacent.

361
00:21:59,090 --> 00:22:00,580
And I think we're all guilty for that.

362
00:22:00,580 --> 00:22:04,903
You know, I'm not trying to shit on anybody here, but yeah, I think there's

363
00:22:04,923 --> 00:22:06,373
a lot of work, a lot of work to do.

364
00:22:06,613 --> 00:22:09,423
And I think we can do more, and we should do more.

365
00:22:09,810 --> 00:22:16,200
Well, the way I see it, the two things are not mutually exclusive.

366
00:22:16,300 --> 00:22:20,520
I mean, during Bitcoin's adoption phase, which is...

367
00:22:21,135 --> 00:22:24,455
Anything up to hyperbitcoinization, basically.

368
00:22:24,925 --> 00:22:31,345
It makes sense both to, uh, to huddle and stack and save, but it also makes

369
00:22:31,365 --> 00:22:35,975
sense to set an example and show people the way, and, uh, I mean, that's why

370
00:22:35,975 --> 00:22:37,605
we're doing this show, and that's why...

371
00:22:38,175 --> 00:22:40,315
We're public bitcoiners or whatever.

372
00:22:40,585 --> 00:22:44,375
I think that's, uh, but, but I think there's a point to

373
00:22:44,375 --> 00:22:46,075
both behaviors, definitely.

374
00:22:46,095 --> 00:22:49,900
And the one does not, uh, exclude necessarily exclude the other.

375
00:22:49,900 --> 00:22:55,929
The best thing is, is if you can do both, uh, of course, and the most

376
00:22:55,929 --> 00:22:59,320
crucial thing is to, in my mind is to.

377
00:23:00,180 --> 00:23:04,041
Accept Bitcoin for your goods and services, that's when you're true

378
00:23:04,051 --> 00:23:08,265
Bitcoin and not when you start paying for stuff in Bitcoin or, when you

379
00:23:08,265 --> 00:23:12,154
start saving in Bitcoin, it's when you accept it for your labor or, and

380
00:23:12,154 --> 00:23:14,124
your time and your efforts, basically,

381
00:23:14,636 --> 00:23:16,076
yeah, that's exactly my point.

382
00:23:16,086 --> 00:23:20,906
Like, that's why I like to say that saving Bitcoin or stacking or hauling only makes

383
00:23:20,916 --> 00:23:22,966
sense in the context of spending it later.

384
00:23:23,366 --> 00:23:26,556
So you still do need a way to spend those.

385
00:23:26,696 --> 00:23:29,086
I mean, nobody accepts Bitcoin so far, so.

386
00:23:29,246 --> 00:23:33,836
Like you said, accepting Bitcoin is, is one for your services, is, uh,

387
00:23:33,836 --> 00:23:37,546
obviously the first step that you should take as long as it's possible.

388
00:23:37,666 --> 00:23:40,091
Certainly if you work with Bitcoiners, you know, it's, it's

389
00:23:40,096 --> 00:23:41,386
never been a problem of mine.

390
00:23:41,921 --> 00:23:46,861
okay, here's, uh, this is another, uh, fun point, which I've talked to Max

391
00:23:46,861 --> 00:23:51,381
Hillebrand about a lot, and that is the difference between saving and, and hodling

392
00:23:51,391 --> 00:23:56,331
because But if you had used the word saving, I would have completely agreed

393
00:23:56,331 --> 00:24:00,801
with you that saving makes absolutely no sense if, uh, if there's not in the

394
00:24:00,801 --> 00:24:03,601
context of spending at a later date.

395
00:24:04,321 --> 00:24:07,331
Uh, like just hoarding money for the sake of hoarding money doesn't make

396
00:24:07,331 --> 00:24:11,851
any sense if you don't intend to spend it or if you don't intend for your

397
00:24:11,881 --> 00:24:16,391
children to spend it or like there's a spend point at some point in the future.

398
00:24:16,681 --> 00:24:19,881
But with hodling, that does not necessarily be, have to be the

399
00:24:19,881 --> 00:24:22,061
case because you could hodl.

400
00:24:22,556 --> 00:24:26,346
With the intent of just destroying the Bitcoin at some point, I mean,

401
00:24:26,426 --> 00:24:32,264
Michael Saylor alluded to that on this show about, you know, that

402
00:24:32,264 --> 00:24:36,646
being the most altruistic move there is to just die with your Bitcoins

403
00:24:37,256 --> 00:24:39,266
and taking them off market forever.

404
00:24:39,946 --> 00:24:44,136
And I wouldn't necessarily call that spending, or maybe that

405
00:24:44,156 --> 00:24:46,036
should be considered spending.

406
00:24:46,276 --> 00:24:50,726
I mean, you're, you're sacrificing Bitcoin for the good of the network.

407
00:24:50,828 --> 00:24:53,588
But here, here's the, here's the prob, here's the problem with that.

408
00:24:53,588 --> 00:24:56,988
Like, Bitcoin is never truly spent because that implies

409
00:24:56,988 --> 00:24:58,718
that it's no longer available.

410
00:24:59,338 --> 00:25:03,998
Bitcoins always have always existed and they always will continue to exist.

411
00:25:04,948 --> 00:25:09,608
So, while I understand that taking money off the market, when you hodl

412
00:25:09,608 --> 00:25:15,351
it, that's an active act of, Decreasing the available liquid supply of Bitcoin.

413
00:25:15,381 --> 00:25:17,951
Obviously that's a, that has an effect.

414
00:25:18,680 --> 00:25:22,380
However, if you die with your Bitcoin, like many people have,

415
00:25:22,380 --> 00:25:26,410
or people have lost their keys, I don't consider that as spending.

416
00:25:26,460 --> 00:25:32,260
I don't believe that those coins are forever out of, out of use.

417
00:25:33,000 --> 00:25:34,300
They can be claimed at a later date.

418
00:25:35,080 --> 00:25:40,280
Like, for example, now there's a, there was this hack on, not really a hack, it

419
00:25:40,280 --> 00:25:41,880
was a bug of like really early wallets.

420
00:25:42,607 --> 00:25:48,097
And this is just a, just a poor example, but to illustrate, uh, it's the, with

421
00:25:48,097 --> 00:25:50,187
the, with the random number generation.

422
00:25:50,317 --> 00:25:53,227
So they were able to crack these really old wallets.

423
00:25:54,187 --> 00:25:56,237
So I, to me, it's conceivable that.

424
00:25:56,772 --> 00:26:02,456
In the future, we will come up with ways to claim the unhosted,

425
00:26:02,576 --> 00:26:06,921
unhosted wallet, the unused wallet,

426
00:26:07,306 --> 00:26:08,506
Salvage it, you mean?

427
00:26:09,076 --> 00:26:10,866
say that when I love, yeah,

428
00:26:10,866 --> 00:26:11,316
exactly.

429
00:26:11,326 --> 00:26:14,426
Like, I think in the future, like this kind of like salvaging or

430
00:26:14,426 --> 00:26:15,966
treasure hunting will be a thing.

431
00:26:16,606 --> 00:26:20,146
Like there, there will be a profession of, actually just.

432
00:26:20,946 --> 00:26:27,780
Repurposing the non upgraded wallets that are vulnerable to

433
00:26:27,780 --> 00:26:29,440
a quantum attack or whatever.

434
00:26:30,125 --> 00:26:35,605
So for all intents and purposes, if the timeline, time horizon is infinite

435
00:26:35,705 --> 00:26:41,924
as it should be, then it's 21 million or a little bit below whatever it is.

436
00:26:42,838 --> 00:26:43,268
It's not

437
00:26:43,308 --> 00:26:47,028
16 million and it's not going to be 10 million and it's not

438
00:26:47,028 --> 00:26:48,438
going to be one day one Bitcoin.

439
00:26:48,438 --> 00:26:52,718
It's always going to be 21 million always has been and always will be.

440
00:26:53,274 --> 00:26:53,874
Yes.

441
00:26:53,874 --> 00:26:58,284
And, uh, the, it's just that the hash rate was zero before 2009.

442
00:26:58,374 --> 00:27:05,324
And, uh, , or , uh, I mean, uh, uh, the numbers always existed

443
00:27:05,384 --> 00:27:06,794
and, and so on and so forth.

444
00:27:06,794 --> 00:27:10,844
But I'm gonna devil's advocate the shit outta this one, Nick, if you don't mind.

445
00:27:11,294 --> 00:27:11,924
Uh,

446
00:27:12,139 --> 00:27:13,319
That's what I'm here for.

447
00:27:13,532 --> 00:27:17,812
I think that's a very dangerous thought because if you can salvage

448
00:27:18,632 --> 00:27:23,332
old Bitcoin addresses as you say, that means you can salvage existing

449
00:27:23,332 --> 00:27:25,182
ones too, ones that are in use.

450
00:27:25,992 --> 00:27:26,382
Correct.

451
00:27:27,282 --> 00:27:31,492
Especially if we've already ossified and there's no more op...

452
00:27:31,507 --> 00:27:33,387
Upgrades on the horizon at all.

453
00:27:33,397 --> 00:27:36,837
We're not, we never know when we've reached that point, but it's

454
00:27:37,457 --> 00:27:40,887
probably sooner than people think that Bitcoin will never change again.

455
00:27:41,577 --> 00:27:47,687
And you say they can last forever or for an infinite amount of time, which I would

456
00:27:47,687 --> 00:27:50,504
say, is physically impossible since.

457
00:27:51,204 --> 00:27:55,564
We have about 5 billion years to spend them, I think, if I'm

458
00:27:55,574 --> 00:27:56,954
not wrong with the numbers here.

459
00:27:57,354 --> 00:28:04,304
But I know there is a limit where the sun will, uh, turn into a red dwarf and then

460
00:28:04,674 --> 00:28:06,864
a supernova or whatever and eat the earth.

461
00:28:07,104 --> 00:28:09,964
And we can't really move the bitcoins off earth.

462
00:28:10,004 --> 00:28:11,324
There's no way to do that.

463
00:28:11,604 --> 00:28:16,254
We couldn't take them on a giant spaceship and, uh, Populate

464
00:28:16,254 --> 00:28:18,184
a new star system with them.

465
00:28:18,184 --> 00:28:19,254
That doesn't really work.

466
00:28:19,254 --> 00:28:21,894
And I don't see that problem going away anytime soon.

467
00:28:22,364 --> 00:28:26,894
Uh, then again, it's pretty hard to predict the future for tomorrow.

468
00:28:27,194 --> 00:28:30,814
Alright, you might have noticed that we've recently partnered with AmberApp.

469
00:28:31,105 --> 00:28:35,435
After our episode with Izzy, their CEO, and our close friend, we knew we

470
00:28:35,435 --> 00:28:38,839
would have to partner with them in some way, If you haven't seen our episode

471
00:28:38,839 --> 00:28:42,929
with Izzy, definitely go check it out, you'll see why it's such a great fit,

472
00:28:43,179 --> 00:28:47,109
and honestly, they're following the orange glowing light like Izzy always

473
00:28:47,109 --> 00:28:51,199
says, and that's exactly what we try to do here at the Freedom Footprint Show.

474
00:28:51,523 --> 00:28:55,933
The big news about AmberApp is that on Jan 3, 2024, they're going

475
00:28:55,933 --> 00:28:57,933
to be launching their version 2.

476
00:28:58,150 --> 00:29:01,660
I've seen some of the screenshots and it looks fantastic.

477
00:29:01,955 --> 00:29:05,766
They're going to be including a non custodial on chain wallet, an

478
00:29:05,786 --> 00:29:10,038
anonymous lightning wallet, a fiat wallet, And finally, it's going

479
00:29:10,038 --> 00:29:11,378
to be an exchange, of course.

480
00:29:11,618 --> 00:29:14,520
it's going to be just this super app,  They're also going

481
00:29:14,520 --> 00:29:15,870
to be launching globally.

482
00:29:15,890 --> 00:29:17,440
Everyone's going to be able to use it.

483
00:29:17,680 --> 00:29:19,410
we're really excited about all that.

484
00:29:19,540 --> 00:29:22,180
Stay tuned with us and you'll hear all about it.

485
00:29:22,380 --> 00:29:24,730
And for now, check out their website, amber.

486
00:29:24,980 --> 00:29:27,690
app and the episode with Izzy to find out more.

487
00:29:27,997 --> 00:29:29,536
Next up WasabiWallet.

488
00:29:29,776 --> 00:29:33,226
The privacy by default, open source, non custodial Bitcoin

489
00:29:33,226 --> 00:29:34,936
wallet with CoinJoin built in.

490
00:29:35,516 --> 00:29:39,506
It's the easy to use, comprehensive, affordable way to make your coins private.

491
00:29:40,071 --> 00:29:43,081
And the best part is, they've been making huge improvements to the app.

492
00:29:43,391 --> 00:29:46,341
They're really focusing on the user experience, adding advanced

493
00:29:46,451 --> 00:29:49,001
features for power users, they just keep getting better.

494
00:29:49,521 --> 00:29:53,001
You send your coins to your Wasabi wallet, and they get combined with loads of

495
00:29:53,001 --> 00:29:57,121
other coins using the Wabi Sabi protocol, so they're private on the other end.

496
00:29:57,661 --> 00:30:01,171
Your tracks are covered so you can work on expanding your Freedom Footprint

497
00:30:01,321 --> 00:30:03,001
without worrying about your privacy.

498
00:30:03,881 --> 00:30:04,791
So, check out wasabiwallet.

499
00:30:04,791 --> 00:30:07,961
io and download Wasabi today.

500
00:30:08,163 --> 00:30:09,873
Oh, there we go.

501
00:30:10,548 --> 00:30:11,628
So there's actually,

502
00:30:12,053 --> 00:30:12,443
All right.

503
00:30:12,898 --> 00:30:17,838
there's actually a story about intergalactic Bitcoin mining on the book.

504
00:30:17,918 --> 00:30:18,998
I had to plug that in,

505
00:30:19,813 --> 00:30:21,643
Yeah, how does that work though?

506
00:30:21,683 --> 00:30:25,933
Because this is the thing, I think a lot about the hash horizon since you

507
00:30:25,933 --> 00:30:31,083
couldn't sync your node if you were more than 10 light minutes away from Earth,

508
00:30:31,543 --> 00:30:37,127
which means that you could sync a node on Mars, like for three months per year or

509
00:30:37,127 --> 00:30:39,327
something, and then Mars is too far away.

510
00:30:39,367 --> 00:30:42,477
So it would only work on Mars for a couple of months.

511
00:30:43,277 --> 00:30:49,627
Uh, I mean, custodial Bitcoin and paper Bitcoin works everywhere, but still, uh,

512
00:30:49,637 --> 00:30:53,776
there is a hash horizon, and it's fun to think about that and think about, uh.

513
00:30:54,586 --> 00:30:58,446
In the context of thinking about a consciousness horizon and the, you know,

514
00:30:58,446 --> 00:31:03,796
reality only being where our, where our memes converge and stuff, and there might

515
00:31:03,796 --> 00:31:06,896
be some, some weird shit going on here.

516
00:31:06,916 --> 00:31:09,816
Uh, let's not go too deep with it though.

517
00:31:09,836 --> 00:31:13,216
Like, how do you solve the hash horizon problem and taking

518
00:31:13,306 --> 00:31:14,896
bitcoins to another planet?

519
00:31:15,385 --> 00:31:19,495
Well, I think, uh, you're, you're making a crucial assumption here.

520
00:31:19,545 --> 00:31:21,925
You're, you're talking, uh, heliocentric.

521
00:31:22,765 --> 00:31:29,090
So I mean, let's, uh, think about the universe for a while, like how likely

522
00:31:29,090 --> 00:31:34,960
it is that there are other advanced human like intelligent lifeforms.

523
00:31:36,490 --> 00:31:40,410
Well, given that if we believe, if we make that assumption that

524
00:31:40,410 --> 00:31:45,100
universe is infinite, then it should be infinitely possible and likely.

525
00:31:45,650 --> 00:31:50,320
Now how likely it is that they've come up with the concept of absolute scarcity?

526
00:31:53,205 --> 00:31:56,525
And about the development to backtrack a little bit so that it makes sense.

527
00:31:57,412 --> 00:32:02,652
I don't think that ossification in the, in the way that people normally talk about

528
00:32:02,652 --> 00:32:04,492
it is ever going to happen with anything.

529
00:32:04,532 --> 00:32:05,742
Like when has that happened?

530
00:32:05,782 --> 00:32:06,852
When has something.

531
00:32:07,457 --> 00:32:09,837
been set in stone forever and never changed.

532
00:32:10,207 --> 00:32:10,397
Like,

533
00:32:10,592 --> 00:32:14,372
Well, the circle, uh, the definition of a circle is pretty,

534
00:32:14,372 --> 00:32:15,962
pretty set in stone, isn't it?

535
00:32:16,697 --> 00:32:17,327
well, okay.

536
00:32:17,327 --> 00:32:18,107
I'll give you that one.

537
00:32:18,507 --> 00:32:18,737
Sure.

538
00:32:18,737 --> 00:32:22,117
There's, there's some classified things, but let's, uh, let's think about like

539
00:32:22,117 --> 00:32:28,677
soft software, like Bitcoin is, um, is a software solution after all that

540
00:32:28,697 --> 00:32:29,497
uses hardware.

541
00:32:30,062 --> 00:32:30,362
Yes.

542
00:32:31,072 --> 00:32:37,532
And it will, it is going to need upgrades as, as we, uh, venture into the space, as,

543
00:32:37,712 --> 00:32:43,312
as we tap into more of the energy, as we approach Cardashia One, like Joni likes

544
00:32:43,312 --> 00:32:45,442
to say, Bitcoin is Cardashia One money.

545
00:32:45,442 --> 00:32:46,572
I really love that one.

546
00:32:47,422 --> 00:32:50,902
And the Hash Horizon problem is really only a problem from the

547
00:32:51,072 --> 00:32:53,192
perspective, if you assume that.

548
00:32:53,747 --> 00:32:58,407
Uh, Earth is going to be the center of all humanity forever.

549
00:32:59,077 --> 00:32:59,407
I don't

550
00:32:59,562 --> 00:33:02,742
No, the, okay, okay, let me clear that up a bit.

551
00:33:03,162 --> 00:33:07,062
I, my assumption is that we reach, uh, some type of ossification

552
00:33:07,842 --> 00:33:09,312
before we reach the stars.

553
00:33:09,372 --> 00:33:10,492
That's the only assumption.

554
00:33:11,017 --> 00:33:11,357
sure.

555
00:33:11,387 --> 00:33:11,957
That's fair.

556
00:33:12,462 --> 00:33:15,002
okay, there's another assumption here.

557
00:33:15,162 --> 00:33:19,062
Like, if the universe is infinite, then there are infinite copies of Bitcoin.

558
00:33:19,687 --> 00:33:24,887
Uh, an infinite number of times, like if any type of infinity exists, then

559
00:33:24,887 --> 00:33:29,707
everything exists in infinite copies somewhere, like, like, you can't have,

560
00:33:29,737 --> 00:33:34,297
you can't just have, there's only one way to define infinity, and that is

561
00:33:34,347 --> 00:33:37,837
that everything's infinite, so, but there's another way to look at the

562
00:33:37,837 --> 00:33:43,842
universe, if, um, if it's true, what we talked about with Jeff the other

563
00:33:43,842 --> 00:33:48,150
week, Consciousness creates reality to a larger extent than we think.

564
00:33:48,660 --> 00:33:53,230
Then what we experience as objective reality might just

565
00:33:53,230 --> 00:33:55,030
be where our consciousnesses

566
00:33:58,470 --> 00:34:05,130
collide and where all conscious beings worldviews sort of merge into objective

567
00:34:05,130 --> 00:34:10,080
reality, which would explain why we haven't seen any life on other, anywhere

568
00:34:10,080 --> 00:34:13,860
else in the universe, because it's simply too far away for us to sync with.

569
00:34:13,930 --> 00:34:17,714
So it doesn't work with the time dimension, which would be

570
00:34:17,714 --> 00:34:19,534
the hash horizon of, of life.

571
00:34:19,924 --> 00:34:22,674
And if that is the case, then there is no infinity.

572
00:34:22,684 --> 00:34:24,014
It's all subjective.

573
00:34:24,724 --> 00:34:30,004
And then there's abs, then there's absolutely a hash, uh, uh, no way

574
00:34:30,004 --> 00:34:32,064
of getting a Bitcoin into space.

575
00:34:32,675 --> 00:34:37,395
I think, uh, my point was more like, there's no way that Bitcoin is going

576
00:34:37,395 --> 00:34:39,905
to be brought to earth from space

577
00:34:40,732 --> 00:34:41,162
Oh,

578
00:34:41,227 --> 00:34:41,897
all I'm saying,

579
00:34:42,592 --> 00:34:43,012
alien

580
00:34:43,117 --> 00:34:46,667
you said, infinite amount of, and this is also another story

581
00:34:46,667 --> 00:34:48,126
that is also in the, in the book.

582
00:34:48,817 --> 00:34:48,887
Yeah.

583
00:34:49,327 --> 00:34:50,807
Uh, it's, it's fun to think about this.

584
00:34:51,825 --> 00:34:56,295
like let, let's say, let's assume that it's true that, uh, another

585
00:34:56,995 --> 00:35:00,805
more advanced species has come up with Bitcoin a million years ago.

586
00:35:01,815 --> 00:35:04,395
Now, the only, only, only thing

587
00:35:04,400 --> 00:35:06,740
a longer chain, basically.

588
00:35:07,035 --> 00:35:10,405
yeah, the only, only thing that is stopping them from coming and

589
00:35:10,405 --> 00:35:14,615
reorganizing our chain is that they don't give a shit about doing that.

590
00:35:15,203 --> 00:35:20,863
And at what point it does it become intergalactic hash war, or if that

591
00:35:21,213 --> 00:35:23,203
kind of a thing might ever exist.

592
00:35:23,413 --> 00:35:30,652
I mean, it's possible, although I have to say that, uh, with Bitcoin's, um, uh,

593
00:35:30,682 --> 00:35:32,642
proof of work and difficulty adjustment.

594
00:35:32,888 --> 00:35:38,313
And unconfiscatability properties should in the long run result

595
00:35:38,363 --> 00:35:40,123
in a more peaceful society.

596
00:35:41,283 --> 00:35:46,143
So perhaps, uh, if, if there is an advanced alien race somewhere, maybe

597
00:35:46,143 --> 00:35:51,403
they just simply want to leave us alone as, as everybody should be left alone.

598
00:35:51,513 --> 00:35:53,403
That's the only right that we are born with.

599
00:35:54,135 --> 00:35:59,215
And can I, can I, uh, uh, poke a little bit as well if I've, it's been great

600
00:35:59,215 --> 00:36:03,695
by the way, I've, I've, uh, wanted to, um, jump in a couple of times.

601
00:36:03,695 --> 00:36:12,565
Um, so, so, so this one, uh, how would some kind of alien race get the resources?

602
00:36:13,075 --> 00:36:19,005
to to get more hash rate for our chain, because theirs is going to be different,

603
00:36:19,005 --> 00:36:24,215
it's not that SHA 256 is going to be the same algorithm, although I guess

604
00:36:24,215 --> 00:36:26,955
we play with infinities, an infinite number of bitcoins that are based

605
00:36:26,955 --> 00:36:32,375
on exactly SHA 256 exist, I suppose, but now this is making my brain hurt.

606
00:36:33,065 --> 00:36:38,905
Well, okay, let me do an even abstracter example here, if you don't mind, Luke.

607
00:36:38,905 --> 00:36:40,365
Now I'm doing the thing again, I know.

608
00:36:40,645 --> 00:36:44,745
But, uh, let's say for argument's sake, that they have...

609
00:36:45,050 --> 00:36:46,790
Uh, the exact same Bitcoin.

610
00:36:46,880 --> 00:36:52,084
So an alien comes from, uh, Alpha Centauri or something with, the exact

611
00:36:52,084 --> 00:36:56,574
same Bitcoin as we have, except their chain is longer because they figured

612
00:36:56,574 --> 00:37:01,224
it out at 2005 or something or whatever the, the year was on that planet.

613
00:37:01,724 --> 00:37:05,154
Uh, but point is they have a longer chain still.

614
00:37:06,224 --> 00:37:09,584
If there are 10 minute block intervals, uh, they couldn't sync

615
00:37:09,584 --> 00:37:11,364
anything outside of their planet.

616
00:37:11,954 --> 00:37:16,314
so, so they can't even get to outside of their star system with, without,

617
00:37:17,197 --> 00:37:18,901
uh, and take their bitcoins with them.

618
00:37:18,971 --> 00:37:19,911
It doesn't work.

619
00:37:20,921 --> 00:37:26,161
Uh, because, because of, because of differences in time and like, how

620
00:37:26,161 --> 00:37:27,941
the fuck would you sync a chain?

621
00:37:28,491 --> 00:37:30,881
how far away is Alpha Centauri again?

622
00:37:30,891 --> 00:37:32,191
Like 4.

623
00:37:32,191 --> 00:37:33,021
3 light years.

624
00:37:34,011 --> 00:37:38,921
So how would you sync if you had block times of 4.

625
00:37:38,921 --> 00:37:39,281
3 years?

626
00:37:40,171 --> 00:37:43,111
Like, that looks nothing like our chain at all.

627
00:37:44,391 --> 00:37:46,691
Okay, just to open that box.

628
00:37:47,157 --> 00:37:52,457
Yeah, so I think all of these like piercing hash horizon must imply

629
00:37:52,487 --> 00:37:54,817
faster than light, faster than light.

630
00:37:55,727 --> 00:38:00,627
Data transmission capability, some kind of a quantum wormhole, or whatever it

631
00:38:00,637 --> 00:38:02,097
might look like, we don't know yet.

632
00:38:02,757 --> 00:38:08,267
What I do know, or I think, is that it's a matter of time before

633
00:38:08,267 --> 00:38:10,617
that is, in fact, invented.

634
00:38:10,647 --> 00:38:14,657
Just like everything else, like, people always think that nothing, something is

635
00:38:14,677 --> 00:38:18,427
permanent, and it will never change, and we will never come up with a better way.

636
00:38:19,452 --> 00:38:20,142
And we do.

637
00:38:21,362 --> 00:38:22,002
Eventually.

638
00:38:22,332 --> 00:38:27,962
So, yeah, all of these scenarios, they obviously imply that the, the,

639
00:38:28,012 --> 00:38:32,212
the, the race, the alien race or the human race must come up with, uh,

640
00:38:32,532 --> 00:38:37,422
well, first reach Kardasher 1 to be able to harness all the planet, all

641
00:38:37,422 --> 00:38:40,652
the power available in the planet, and we're not even close to that, like

642
00:38:40,652 --> 00:38:42,932
not even Scratching the surface there.

643
00:38:43,532 --> 00:38:46,872
Once that happens, then you move to Cardochev 2, which is harnessing

644
00:38:47,162 --> 00:38:50,282
the, the whole, um, uh, solar system.

645
00:38:51,492 --> 00:38:55,162
And once you're there, you kind of like already have to have faster than light,

646
00:38:55,713 --> 00:38:57,583
transmit, transmission capability.

647
00:38:58,333 --> 00:39:01,803
So then Hash Horizon doesn't matter anymore because you can, in fact,

648
00:39:02,343 --> 00:39:05,623
synchronize your blocks through a wormhole to, you know, billions of

649
00:39:05,633 --> 00:39:08,033
light years, if that should be possible.

650
00:39:08,599 --> 00:39:13,579
Okay, well, I think this Hash Horizon stuff is interesting,

651
00:39:13,599 --> 00:39:14,759
interesting, but can we...

652
00:39:15,859 --> 00:39:19,549
Can it still fix the money before we get to hash horizon issues?

653
00:39:19,549 --> 00:39:21,349
Maybe that's the, maybe that's the thing.

654
00:39:22,059 --> 00:39:26,359
Yeah, I mean, I'm contradicting myself because, you know, I keep telling

655
00:39:26,359 --> 00:39:30,359
people we should focus on fixing, uh, fixing the human problems and

656
00:39:30,359 --> 00:39:32,089
human incentive models here on earth.

657
00:39:32,759 --> 00:39:34,169
Uh, but, uh, yeah, it's sometimes.

658
00:39:34,579 --> 00:39:35,379
It's just fun to think about.

659
00:39:35,619 --> 00:39:36,599
It is boring.

660
00:39:36,659 --> 00:39:38,709
It is very, very boring and safe.

661
00:39:38,759 --> 00:39:45,079
And, uh, it's much, much more fun to think about, uh, alien races, uh,

662
00:39:45,819 --> 00:39:46,859
co opting our chain.

663
00:39:47,869 --> 00:39:51,419
Here's the thing though, with light speed, like light speed

664
00:39:51,419 --> 00:39:52,989
is connected to time very much.

665
00:39:52,989 --> 00:39:56,359
So if you travel in light speed, theoretically time stands still.

666
00:39:56,839 --> 00:40:01,359
So, so what you're talking about is some sort of quantum entanglement,

667
00:40:01,489 --> 00:40:06,179
uh, data transfer so that you could interact with a particle that

668
00:40:06,179 --> 00:40:08,449
was very, very far away from you.

669
00:40:09,164 --> 00:40:15,854
And I guess with binary that is, um, at least theoretically possible in some, some

670
00:40:15,854 --> 00:40:17,814
way, shape, or form in the future, maybe.

671
00:40:18,054 --> 00:40:22,064
This is very, very far fetched, but, but anyway, so let's say for argument's

672
00:40:22,544 --> 00:40:27,944
sake that you can do that, that would, uh, what you could send then to other,

673
00:40:28,704 --> 00:40:36,598
would that imply sending some type of intergalactic ordinal to, uh, form a JPEG

674
00:40:36,638 --> 00:40:40,328
monkey on another, in another star system.

675
00:40:40,688 --> 00:40:42,268
Like, is that how that will work?

676
00:40:43,033 --> 00:40:47,353
Yeah, people are, people are going to look back at this conversation

677
00:40:47,353 --> 00:40:50,343
in a hundred years and think that we're very, very clever, aren't they?

678
00:40:51,358 --> 00:40:52,588
Of course, that's the hope.

679
00:40:53,232 --> 00:40:53,632
Yeah.

680
00:40:53,632 --> 00:40:54,382
I mean.

681
00:40:55,487 --> 00:41:01,697
It will most likely be used for, I mean, it's already been used to, for inscribing

682
00:41:01,697 --> 00:41:04,677
messages in, like Satoshi started it.

683
00:41:04,687 --> 00:41:08,327
I mean, it's, it's a core property of, of the Bitcoin chain that

684
00:41:08,327 --> 00:41:10,367
you can immortalize words,

685
00:41:11,247 --> 00:41:11,917
which is what Bitcoin is.

686
00:41:13,241 --> 00:41:15,841
So I think that's a, that's a use case, definitely.

687
00:41:16,466 --> 00:41:20,426
let's, let's say that we have a colony in Mars or somewhere even further,

688
00:41:20,526 --> 00:41:22,766
and we have that wormhole technology.

689
00:41:23,086 --> 00:41:27,166
That introduces another interesting, uh, problem, because if something

690
00:41:27,166 --> 00:41:30,896
would go wrong with that, uh, wormhole converter, then you would have,

691
00:41:30,896 --> 00:41:32,726
uh, have the chain split in two.

692
00:41:33,026 --> 00:41:35,946
It would have the minority chain on the, on the colony and

693
00:41:35,946 --> 00:41:37,256
the majority chain on Earth.

694
00:41:38,251 --> 00:41:44,021
So that's going to be interesting if, if the wormhole goes back online, because

695
00:41:44,021 --> 00:41:46,921
then everything that happened in the smaller chain is going to get reorganized.

696
00:41:47,689 --> 00:41:51,109
And quantum particles exist in both states at once.

697
00:41:51,149 --> 00:41:57,469
So you have Schrodinger's wormhole here, uh, and a whole bunch of chains existing

698
00:41:57,469 --> 00:42:00,829
at the same time, which might be the case at the moment as well, by the way,

699
00:42:01,114 --> 00:42:01,634
Exactly.

700
00:42:01,634 --> 00:42:02,624
That's, that's the point.

701
00:42:02,904 --> 00:42:03,814
That's the point.

702
00:42:03,844 --> 00:42:07,618
Like the only question is why, why wouldn't?

703
00:42:08,394 --> 00:42:11,134
Somebody attacks somebody else's chain.

704
00:42:11,184 --> 00:42:13,964
And I think the reason is incentives, which is what

705
00:42:14,554 --> 00:42:16,454
Bitcoin does help with greatly.

706
00:42:16,994 --> 00:42:22,884
yeah, speaking, speaking about this ordinal scrap and, uh, the, uh, being

707
00:42:22,894 --> 00:42:29,262
able to store arbitrary data on the, on the time chain, like I've been trying to

708
00:42:29,262 --> 00:42:34,052
come up with an easy way to explain what, what my thoughts are around this thing.

709
00:42:34,112 --> 00:42:35,752
And it's, it's pretty hard.

710
00:42:36,189 --> 00:42:38,639
the thing is that any type of.

711
00:42:39,139 --> 00:42:45,314
Arbitrary data that you store on, on the chain, the relevance of that data

712
00:42:45,364 --> 00:42:49,864
is entirely subjective as everything else, like the, the value of, of that

713
00:42:49,874 --> 00:42:54,484
arbitrary data is, is, you know, in the eye of the beholder as everything

714
00:42:54,484 --> 00:42:59,961
else, the point is though that, The token representing the value, I mean the

715
00:43:00,011 --> 00:43:08,771
satoshi, will, since that has a function as the damn near perfect money, over time,

716
00:43:09,161 --> 00:43:14,501
the satoshi itself will have a higher marginal utility than any other type of

717
00:43:14,501 --> 00:43:16,051
information you can put on the chain.

718
00:43:16,836 --> 00:43:22,376
I think that's the way, uh, to, to explain that to people that you

719
00:43:22,376 --> 00:43:27,919
can't out scarcity bitcoin . Like you can't out scarce Bitcoin.

720
00:43:28,219 --> 00:43:32,511
You can't, you can't make, even if, even if you mint a new token up on,

721
00:43:32,946 --> 00:43:40,213
on top of Bitcoin that you promised to issue only this or that many, coins in.

722
00:43:40,918 --> 00:43:43,778
Like, I mean, you could do that over and over and over again.

723
00:43:43,808 --> 00:43:45,988
So you run into the same problem as with the chitcoins.

724
00:43:47,038 --> 00:43:52,340
the native token will always be the, the most valuable one, because

725
00:43:52,350 --> 00:43:57,740
of the very nature of, um, how we value things or diminish it.

726
00:43:57,780 --> 00:43:59,175
This, it's basically.

727
00:43:59,355 --> 00:44:02,295
Uh, The Law of Diminishing Marginal Utility.

728
00:44:02,715 --> 00:44:04,295
I'm having a hard time expressing this.

729
00:44:04,805 --> 00:44:07,905
Can you tell this in a simpler way, Niko, do you think?

730
00:44:08,553 --> 00:44:09,733
Well, I'll give it a shot.

731
00:44:09,793 --> 00:44:13,343
I have no promises though, but like you said earlier, everything's

732
00:44:13,373 --> 00:44:17,743
subjective and we know this, uh, all the value is, uh, based off the.

733
00:44:17,878 --> 00:44:24,398
Marginal utilitarian perceived hierarchy of wants, let's say that.

734
00:44:25,528 --> 00:44:27,838
So everything is infinitely subjective.

735
00:44:27,958 --> 00:44:31,788
And if we subscribe, as I do, to the model that consciousness

736
00:44:31,808 --> 00:44:33,988
creates reality and not vice versa.

737
00:44:34,783 --> 00:44:38,103
By the way, uh, a book recommendation just came to me.

738
00:44:38,163 --> 00:44:43,113
Uh, the Biocentrism by Robert Lanza, highly recommended on, on the topic.

739
00:44:43,593 --> 00:44:44,733
Really, really good one.

740
00:44:44,853 --> 00:44:48,393
Uh, good takes on how consciousness creates reality.

741
00:44:49,313 --> 00:44:55,556
Now, if, if, if that is true, that, that still doesn't take away the absolute

742
00:44:56,186 --> 00:45:00,746
absoluteness of scarcity, like you can improve on a technology and software,

743
00:45:00,806 --> 00:45:03,506
but you can't improve on absolute.

744
00:45:04,151 --> 00:45:06,451
Scarcity, because that's why it's absolute.

745
00:45:07,401 --> 00:45:13,141
You can probably, maybe, destroy absolute scarcity with technology, with

746
00:45:13,141 --> 00:45:15,881
a better technology that's conceivable.

747
00:45:17,001 --> 00:45:20,861
But it's highly unlikely, because it's much more likely that the

748
00:45:21,361 --> 00:45:28,851
software will continue to develop with times and enforce the rules

749
00:45:28,901 --> 00:45:31,481
that make absolute scarcity possible.

750
00:45:31,752 --> 00:45:33,952
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789
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fund today.

790
00:47:23,502 --> 00:47:27,102
maybe to, to bring this, uh, back in, uh, a little bit.

791
00:47:27,252 --> 00:47:28,272
Do you have, uh.

792
00:47:28,697 --> 00:47:33,387
Uh, a preview of any of the other stories, uh, got a lot of this sci fi

793
00:47:33,387 --> 00:47:38,257
stuff, Hash Horizon, interesting things, anything else you want to highlight?

794
00:47:38,877 --> 00:47:40,217
let me look at my notes here.

795
00:47:41,981 --> 00:47:44,831
There's a really interesting story about cryo freezing.

796
00:47:45,361 --> 00:47:46,761
I think you're going to enjoy that one.

797
00:47:47,239 --> 00:47:52,449
It's about how a man freezes themselves at the height of their wealth.

798
00:47:53,669 --> 00:47:59,279
And before they die, they want to take their Bitcoin with them and wake up later.

799
00:47:59,299 --> 00:48:02,889
But the waking up doesn't go quite as planned.

800
00:48:03,179 --> 00:48:05,519
Wakes up into a nightmare dystopia.

801
00:48:06,389 --> 00:48:08,639
I'm not going to spoil what kind of that is, but that's, that's

802
00:48:08,639 --> 00:48:10,759
a really interesting story.

803
00:48:11,276 --> 00:48:14,406
there's, uh, Joni's story is pretty, pretty interesting take.

804
00:48:14,416 --> 00:48:19,260
It's, it's, uh, sort of like this, uh, medieval fantasy setting, uh,

805
00:48:19,260 --> 00:48:24,990
that, that is talking about, uh, psychedelic awakening of humankind,

806
00:48:26,240 --> 00:48:28,960
but set in a medieval fantasy setting.

807
00:48:29,080 --> 00:48:30,090
Really nice story.

808
00:48:30,775 --> 00:48:31,175
Sounds like

809
00:48:31,175 --> 00:48:31,525
Yoni.

810
00:48:32,680 --> 00:48:36,970
Yeah, Jonny is a fantastic, uh, fiction writer, by the way, I can tell.

811
00:48:38,414 --> 00:48:42,069
Uh, I, I struggle with the writing for, um, fiction.

812
00:48:42,119 --> 00:48:43,669
I just can't do that.

813
00:48:43,679 --> 00:48:45,359
It's just not what I do.

814
00:48:45,359 --> 00:48:50,489
But at least I learned something and we, we managed to salvage the story

815
00:48:50,499 --> 00:48:51,949
into something decent in the end.

816
00:48:51,949 --> 00:48:53,779
And anyway, I think,

817
00:48:54,389 --> 00:48:55,609
It's, it's, it's not bad.

818
00:48:55,609 --> 00:48:59,519
You're being too hard on yourself and, and, uh, yeah, I think, uh,

819
00:49:00,139 --> 00:49:03,379
But yeah, I think you are, you are better with nonfiction for sure.

820
00:49:04,112 --> 00:49:05,382
Uh, what else do we got?

821
00:49:06,102 --> 00:49:10,952
We got a farce, like I mentioned, a comedy that is, um, borderlining like

822
00:49:10,952 --> 00:49:13,702
a crazy comedy from the, from the 90s.

823
00:49:14,571 --> 00:49:19,291
And uh, we have, uh, AI sentient, getting sentient type of story.

824
00:49:19,521 --> 00:49:20,371
That's always fun.

825
00:49:20,481 --> 00:49:21,221
I enjoy those.

826
00:49:21,918 --> 00:49:24,478
Oh, have you guys seen the movie Her, by the way?

827
00:49:24,798 --> 00:49:27,668
It's a pretty old one, 2013, I believe.

828
00:49:28,072 --> 00:49:30,052
yeah, with Shakin Phoenix, right?

829
00:49:30,172 --> 00:49:32,952
I haven't seen, haven't seen it, unfortunately.

830
00:49:33,002 --> 00:49:34,072
you gotta, you gotta watch

831
00:49:34,222 --> 00:49:35,982
I think played, played the AI,

832
00:49:36,462 --> 00:49:36,852
Yes.

833
00:49:37,012 --> 00:49:37,832
but I haven't seen it.

834
00:49:38,428 --> 00:49:41,218
And, uh, it's made in 2013.

835
00:49:41,248 --> 00:49:44,818
So it's, it's quite accurate representation of what I think is

836
00:49:44,838 --> 00:49:48,068
going to maybe possibly happen, but

837
00:49:48,163 --> 00:49:48,853
What, guys?

838
00:49:49,113 --> 00:49:50,703
Guys falling in love with bots?

839
00:49:50,983 --> 00:49:51,963
That's happening every

840
00:49:52,208 --> 00:49:55,388
mean, that's already, I mean, that's already, that part is already happening.

841
00:49:55,388 --> 00:49:55,708
Yeah.

842
00:49:56,512 --> 00:49:56,972
Yeah.

843
00:49:56,992 --> 00:50:01,703
We, we have some historical alternative historical takes, um, rewriting the

844
00:50:01,703 --> 00:50:05,873
history or, or reinterpreting the history in a, in a future light.

845
00:50:06,673 --> 00:50:11,524
We have some crime detective stories, uh, we have some horror, some, some

846
00:50:11,534 --> 00:50:16,885
mystery, and then we have some, uh, feel good, orange pilling, uh,

847
00:50:17,075 --> 00:50:22,434
hodling stories, of course, a pretty, uh, pretty diverse mix, I would say.

848
00:50:22,891 --> 00:50:25,071
Yeah, you showed us a manuscript before.

849
00:50:25,381 --> 00:50:26,491
You have that there?

850
00:50:27,661 --> 00:50:32,151
I mean, for those of you listening, this is a pile of papers here.

851
00:50:32,421 --> 00:50:35,971
It says 21 futures, and this is the first manuscript, I guess.

852
00:50:36,596 --> 00:50:37,056
Yeah,

853
00:50:37,426 --> 00:50:38,616
it's the first one in print.

854
00:50:39,671 --> 00:50:41,841
yeah, and the pictures aren't in there, I guess.

855
00:50:42,916 --> 00:50:46,556
The pictures are here, but of course they look like shit, um, because

856
00:50:46,556 --> 00:50:48,146
I just used my laser, laserjet.

857
00:50:49,216 --> 00:50:49,456
Let me

858
00:50:49,501 --> 00:50:50,031
All right.

859
00:50:50,466 --> 00:50:52,546
if I can, well, here's the.

860
00:50:52,766 --> 00:50:53,346
This is one of the

861
00:50:53,591 --> 00:50:54,181
Oh, yeah, yeah.

862
00:50:54,651 --> 00:50:55,251
Yeah, yeah.

863
00:50:56,211 --> 00:50:56,521
Nice.

864
00:50:56,576 --> 00:51:01,789
I can show one of my favorite stories, The Bitterfly, the detective story.

865
00:51:01,889 --> 00:51:02,399
Really nice.

866
00:51:02,494 --> 00:51:02,864
Uh huh.

867
00:51:04,409 --> 00:51:04,549
then

868
00:51:04,549 --> 00:51:06,499
of course, Mr.

869
00:51:06,499 --> 00:51:08,749
Knut Svanholm's story.

870
00:51:09,159 --> 00:51:10,909
Worked really hard on this art.

871
00:51:10,909 --> 00:51:11,889
I'm really happy with that.

872
00:51:12,604 --> 00:51:12,984
Yeah.

873
00:51:13,414 --> 00:51:13,704
Yeah.

874
00:51:13,704 --> 00:51:16,274
That looks very much like what I envisioned in my head.

875
00:51:16,294 --> 00:51:16,914
So, uh, yeah.

876
00:51:17,144 --> 00:51:17,754
Good job.

877
00:51:18,500 --> 00:51:22,070
Well, I think we've done a nice showcase for the 21 futures, so

878
00:51:22,090 --> 00:51:24,140
go check that out at bitcoinbook.

879
00:51:24,150 --> 00:51:24,510
shop.

880
00:51:24,530 --> 00:51:27,430
That's also where you can get all of Knut's books, whole ton

881
00:51:27,430 --> 00:51:29,040
of other books in translation.

882
00:51:29,400 --> 00:51:33,960
Anything else you want to highlight or talk about, Nikol,

883
00:51:33,960 --> 00:51:34,900
Konsensus related or otherwise?

884
00:51:35,373 --> 00:51:36,313
No, that's pretty much it.

885
00:51:36,313 --> 00:51:39,633
I'm, this is the project that I've been the most excited this year.

886
00:51:40,423 --> 00:51:44,343
Uh, it's a, it's a world first, it's the first original production for us.

887
00:51:44,763 --> 00:51:48,953
It's got 21 future, uh, 21 authors writing about 21 stories.

888
00:51:49,916 --> 00:51:54,626
I'm really excited to see if it does well and how people like the stories

889
00:51:54,716 --> 00:51:59,156
because, uh, so far it's only been me and Phil who read all of the stories.

890
00:52:00,196 --> 00:52:03,276
So we don't really know what the market reaction to this will be.

891
00:52:04,431 --> 00:52:09,111
Um, yeah, I'm, I'm really excited about to see how, how this is.

892
00:52:09,121 --> 00:52:11,791
Everything else has sort of taken a backseat for me right now.

893
00:52:11,791 --> 00:52:14,261
I know that we're publishing left and right all the time.

894
00:52:14,261 --> 00:52:17,311
Like we have, we still have like five titles coming up this year

895
00:52:17,901 --> 00:52:19,941
by Christmas, different languages.

896
00:52:20,511 --> 00:52:26,641
Including Per Buhlund's How to Think About Economics, or whatever the title was.

897
00:52:26,891 --> 00:52:27,691
I haven't read that

898
00:52:27,691 --> 00:52:29,161
book, but apparently it's very good.

899
00:52:29,921 --> 00:52:30,281
Yeah.

900
00:52:30,811 --> 00:52:32,371
And Lynn Alden's book, right?

901
00:52:32,661 --> 00:52:37,031
Oh yeah, we're doing, um, this is also one of the new services that we provide

902
00:52:37,161 --> 00:52:40,111
to authors to handle the translations.

903
00:52:40,271 --> 00:52:43,881
Because that's, that's how we started, that's how we, uh, that's what we

904
00:52:43,901 --> 00:52:45,791
specialize in, managing the...

905
00:52:46,321 --> 00:52:47,251
Language translations.

906
00:52:47,261 --> 00:52:49,531
That doesn't mean we do all the translations ourselves.

907
00:52:49,761 --> 00:52:55,381
We, we do five full in, uh, but we, whenever there's a request and there's

908
00:52:55,381 --> 00:52:59,311
a lot of requests and, and, uh, demand for Lin's book, uh, amazingly so.

909
00:53:00,121 --> 00:53:04,081
So we, we just handle all of that and make sure that the book gets the proper

910
00:53:04,081 --> 00:53:09,271
treatment and gets the professional, uh, publisher, local publisher to handle it.

911
00:53:09,881 --> 00:53:15,671
And, uh, and a mutually beneficial deal, uh, on royalties, of course, so it's,

912
00:53:15,891 --> 00:53:21,631
it's like a language agent service and that one has, has been doing really well.

913
00:53:22,141 --> 00:53:25,211
It's something we also, uh, been doing, been doing, uh, for

914
00:53:25,281 --> 00:53:26,521
Saifedean since the beginning.

915
00:53:27,346 --> 00:53:32,436
And, uh, yeah, we, we actually just recently reached 10 versions of Bitcoin

916
00:53:32,446 --> 00:53:34,496
Standard, uh, our own publications.

917
00:53:35,016 --> 00:53:37,466
And that's not including the ones that we help, help with.

918
00:53:38,496 --> 00:53:41,216
So that's, uh, that's our specialization, but, um, I'm really

919
00:53:41,216 --> 00:53:43,096
bullish about the original production.

920
00:53:43,106 --> 00:53:47,146
We have, uh, the first original French book coming out for Christmas.

921
00:53:47,536 --> 00:53:48,646
That's going to be interesting.

922
00:53:49,170 --> 00:53:50,540
And, uh, there's another.

923
00:53:51,055 --> 00:53:54,305
book, uh, about the history of, uh, Mt.

924
00:53:54,305 --> 00:53:56,315
Gox, um, and Karpalas.

925
00:53:57,085 --> 00:53:58,145
I haven't heard of that book.

926
00:53:58,155 --> 00:54:00,055
Apparently it's only available in French.

927
00:54:00,115 --> 00:54:02,095
So we would have to translate it into English.

928
00:54:02,095 --> 00:54:02,955
We're working on that.

929
00:54:02,995 --> 00:54:05,195
That, that should be an interesting historical read.

930
00:54:05,935 --> 00:54:11,705
So more and more venturing into these, uh, not directly Bitcoin related things.

931
00:54:12,025 --> 00:54:16,526
Also libertarian books, like, the Free Cities, conference

932
00:54:16,586 --> 00:54:18,006
in Prague is really great.

933
00:54:18,346 --> 00:54:22,166
The Liberty in Our Lifetime met a ton of people, cool people there.

934
00:54:22,326 --> 00:54:25,826
They're basically Bitcoiners because they come from libertarian background.

935
00:54:26,426 --> 00:54:29,346
So very fertile ground for this kind of things.

936
00:54:29,696 --> 00:54:34,066
And I want to include in our library more and more of libertarian books

937
00:54:34,616 --> 00:54:36,516
that are, in my opinion, Bitcoin books.

938
00:54:37,236 --> 00:54:39,736
But Bitcoin might not even be mentioned at all.

939
00:54:39,886 --> 00:54:44,894
And this is also part of the whole, The idea of taking the next step to

940
00:54:45,144 --> 00:54:50,124
broaden our market, because let's face where we're currently selling for,

941
00:54:50,154 --> 00:54:55,274
uh, for Bitcoiners, Bitcoiners want, um, reinforcement to their own ideas.

942
00:54:55,274 --> 00:54:59,034
They want to read, uh, feel good stories like Knut's, for example, bullish,

943
00:54:59,284 --> 00:55:05,501
bullish things to reinforce, uh, their, their own convictions, but I'm

944
00:55:05,571 --> 00:55:07,981
interested in waking up more people.

945
00:55:08,051 --> 00:55:11,531
And I think Bitcoin might not be the first step.

946
00:55:12,176 --> 00:55:14,316
Um, I don't think it was the first step for me.

947
00:55:14,316 --> 00:55:18,286
I became a freedom maximalist long before I became a Bitcoin guy.

948
00:55:19,036 --> 00:55:21,216
And Bitcoin for me is just a, just a tool.

949
00:55:21,216 --> 00:55:23,446
And I believe that that's the path to take.

950
00:55:24,081 --> 00:55:25,671
Uh, with other people as well.

951
00:55:25,731 --> 00:55:28,541
So less, less Bitcoin, more Liberty.

952
00:55:28,811 --> 00:55:33,361
And that's why I now profile Konsensus as Freedom Publishing House rather

953
00:55:33,361 --> 00:55:34,591
than Bitcoin Publishing House.

954
00:55:34,991 --> 00:55:39,871
Even though Bitcoin is obviously still very much, uh, the main, main focus.

955
00:55:40,801 --> 00:55:43,921
But that's probably not how we should be marketing this.

956
00:55:44,746 --> 00:55:46,176
These books and these things to people.

957
00:55:46,448 --> 00:55:46,818
Yeah.

958
00:55:47,178 --> 00:55:48,698
Luke, can you bring up bitcoinbook.

959
00:55:48,698 --> 00:55:51,258
shop on, on, on screen maybe?

960
00:55:51,718 --> 00:55:56,248
So this is, uh, Bitcoin book Shop where you can find all these Bitcoin

961
00:55:56,248 --> 00:56:03,378
books and, uh, mees oriented books and, uh, the translations of them.

962
00:56:03,378 --> 00:56:07,278
So, so explain to us here, uh, uh, Niko, how, how does this page

963
00:56:07,278 --> 00:56:10,458
work, and then how do you find a book and how do you pay for it?

964
00:56:11,713 --> 00:56:12,113
Sure.

965
00:56:12,193 --> 00:56:14,943
Uh, first of all, I have to apologize to everybody because

966
00:56:14,963 --> 00:56:16,453
currently our website sucks.

967
00:56:16,453 --> 00:56:19,243
We're working on it, um, to improving it right now.

968
00:56:19,243 --> 00:56:22,813
It takes you to this landing page, which just has the most recent titles,

969
00:56:23,343 --> 00:56:26,593
which is kind of confusing because we have the Norwegian Bitcoin standard.

970
00:56:26,593 --> 00:56:27,613
We have a French book.

971
00:56:27,993 --> 00:56:29,623
We have a libertarian book.

972
00:56:29,623 --> 00:56:30,693
We have 21 futures.

973
00:56:30,693 --> 00:56:32,923
We have a French version of the Bitcoin handbook.

974
00:56:33,613 --> 00:56:37,003
And, uh, you have to go to collections to pick your language.

975
00:56:38,038 --> 00:56:39,248
Or you can use the search.

976
00:56:39,738 --> 00:56:42,248
So if you click on the English, you will see our English titles.

977
00:56:43,618 --> 00:56:48,428
And then, um, you, you can sort them in any way you, where you like, but

978
00:56:48,478 --> 00:56:52,608
yeah, we, we're working on improving the UX because currently it's not great.

979
00:56:53,138 --> 00:56:57,198
Apart from that problem, it works like any other webshop.

980
00:56:57,218 --> 00:56:59,278
You click on the book, put it in your basket.

981
00:56:59,678 --> 00:57:04,008
If you have a discount code like Knut Svanholm, for example, you can slap

982
00:57:04,008 --> 00:57:05,718
that in during the checkout process.

983
00:57:05,718 --> 00:57:05,868
And the.

984
00:57:06,218 --> 00:57:11,238
Get 10 percent off and support the author who has that code.

985
00:57:12,018 --> 00:57:16,618
It's a great way to save money and so show your support.

986
00:57:18,458 --> 00:57:20,298
Yeah, that's the way you do.

987
00:57:21,138 --> 00:57:22,098
And then of course.

988
00:57:23,123 --> 00:57:27,113
Uh, once, once you get to the checkout, you have to fill in your address,

989
00:57:27,143 --> 00:57:30,903
obviously, and phone number for the delivery, and then you get to get an

990
00:57:30,913 --> 00:57:33,683
option to pay within fiat or in Bitcoin.

991
00:57:34,163 --> 00:57:38,873
And I have to say that I've been really surprised that so many people

992
00:57:39,113 --> 00:57:42,293
still choose to use Bitcoin, even though it's, it's the bear market,

993
00:57:42,483 --> 00:57:46,113
like 50 percent of our sales are in Bitcoin and most of those in Lightning.

994
00:57:46,803 --> 00:57:50,813
It's pretty amazing considering we, we got rid of the 10 percent

995
00:57:50,823 --> 00:57:52,873
discount we used to have from day one.

996
00:57:53,418 --> 00:57:54,378
For using Bitcoin.

997
00:57:54,528 --> 00:57:56,028
I don't think we need that anymore.

998
00:57:56,118 --> 00:57:58,728
Like Bitcoin is already the superior way to pay.

999
00:57:59,078 --> 00:58:03,098
So I mean, if, if you would, uh, get a 10% discount, that's just,

1000
00:58:03,103 --> 00:58:08,598
uh, gravy on top of the cake, so, so I, I don't, I think it's redundant.

1001
00:58:08,658 --> 00:58:09,528
You don't need that.

1002
00:58:09,678 --> 00:58:12,678
If anything, we should instate a fiat hazard.

1003
00:58:13,743 --> 00:58:17,033
And then make the Bitcoin price the correct price and then charge more

1004
00:58:17,033 --> 00:58:19,343
for fiat because that's, that's the, that is actually the case.

1005
00:58:19,523 --> 00:58:23,863
We have way more expenses to cover with, uh, with credit card payments,

1006
00:58:25,043 --> 00:58:26,103
but yeah, that's how it works.

1007
00:58:26,103 --> 00:58:28,333
And Bitcoin payments themselves work really well.

1008
00:58:28,333 --> 00:58:30,843
Like we haven't had really any, any problems.

1009
00:58:30,843 --> 00:58:34,813
The only problems may become when somebody is using an obscure wallet.

1010
00:58:35,463 --> 00:58:39,943
That doesn't support the QR code we have, the combined QR code, which has the on

1011
00:58:39,943 --> 00:58:41,573
chain address and the Lightning address.

1012
00:58:42,253 --> 00:58:47,763
Or if the purchase is so large that somewhere during the transfer there's

1013
00:58:47,763 --> 00:58:49,643
not enough liquidity on a channel.

1014
00:58:50,503 --> 00:58:53,678
But like 99 percent it works perfectly just as it should.

1015
00:58:54,578 --> 00:58:58,768
So I'm really proud of the Bitcoin payment rails we have and people seem to like it

1016
00:58:58,838 --> 00:59:00,648
because they prefer to pay in Bitcoin.

1017
00:59:00,648 --> 00:59:02,118
We prefer to be paid in Bitcoin.

1018
00:59:02,398 --> 00:59:05,118
People prefer to pay in Bitcoin, which is fantastic.

1019
00:59:05,683 --> 00:59:10,653
Love to hear it and looking forward to everything Konsensus related

1020
00:59:10,653 --> 00:59:15,193
in the future and looking forward to see where, where it all goes.

1021
00:59:16,013 --> 00:59:20,863
And, uh, yeah, and looking forward to getting that recipe for cake with

1022
00:59:20,873 --> 00:59:22,633
gravy on top that you talked about.

1023
00:59:23,153 --> 00:59:25,733
Uh, uh, it sounds delicious.

1024
00:59:27,683 --> 00:59:31,853
And, uh, yeah, I, I think this is a good place to wrap up.

1025
00:59:31,853 --> 00:59:32,803
What do you think, Luke?

1026
00:59:32,873 --> 00:59:34,943
Um, is there anything you want to add, Niko?

1027
00:59:35,288 --> 00:59:38,018
Uh, we already asked that, I guess, but we, we, uh,

1028
00:59:38,528 --> 00:59:38,718
Yeah.

1029
00:59:38,718 --> 00:59:40,178
You're trying to milk something.

1030
00:59:41,058 --> 00:59:41,238
Yeah.

1031
00:59:41,238 --> 00:59:44,808
I think I said everything and, and, uh, It's been a good talk.

1032
00:59:44,858 --> 00:59:46,748
Thank you very much again for inviting me.

1033
00:59:47,018 --> 00:59:50,448
And, uh, yeah, one more thing is, is, uh, do check our YouTube channel.

1034
00:59:50,458 --> 00:59:53,168
It's been a little bit dormant for, for a while, but now there's

1035
00:59:53,168 --> 00:59:55,108
a new show about 21 futures.

1036
00:59:55,548 --> 00:59:58,618
So if you are curious about this project, I think the best way at the

1037
00:59:58,618 --> 01:00:02,508
moment is to go and watch some of those videos, uh, including Knut.

1038
01:00:03,228 --> 01:00:05,378
Uh, Joni is going to be out next week.

1039
01:00:06,003 --> 01:00:10,013
Uh, mine is, mine is, uh, out already and, and a couple of other authors.

1040
01:00:10,603 --> 01:00:13,503
So the author is going to talk about their story, how they got

1041
01:00:13,503 --> 01:00:15,023
involved, talk about the project.

1042
01:00:15,043 --> 01:00:16,023
How did, how did it work?

1043
01:00:16,023 --> 01:00:16,923
How was the experience?

1044
01:00:17,653 --> 01:00:18,983
So, um, check that out.

1045
01:00:18,993 --> 01:00:19,233
Yeah.

1046
01:00:20,998 --> 01:00:21,588
excellent.

1047
01:00:21,808 --> 01:00:27,208
And, uh, where do we find you on, uh, online at, uh, Omni Finn, right?

1048
01:00:27,643 --> 01:00:28,053
Yeah.

1049
01:00:28,093 --> 01:00:30,423
OmniFin on Twitter and also on Telegram.

1050
01:00:30,483 --> 01:00:32,173
I'm on Telegram every day, all day.

1051
01:00:32,173 --> 01:00:33,713
So that's the best way to reach me.

1052
01:00:33,773 --> 01:00:34,973
Uh, Twitter.

1053
01:00:35,053 --> 01:00:38,733
Lately, I've been getting more into shit posting, so watch out for those.

1054
01:00:39,633 --> 01:00:42,293
And of course, follow Konsensus, uh, Twitter, KonsensusN.

1055
01:00:43,623 --> 01:00:46,913
Um, that, that one is, um, also doing a lot of shit posting.

1056
01:00:46,913 --> 01:00:48,043
So good content there.

1057
01:00:49,038 --> 01:00:49,338
Yeah.

1058
01:00:49,378 --> 01:00:50,518
Konsensus with a K.

1059
01:00:51,038 --> 01:00:51,448
All right.

1060
01:00:51,498 --> 01:00:52,798
Thank you very much, Niko.

1061
01:00:52,818 --> 01:00:53,578
Keep rocking.

1062
01:00:53,638 --> 01:00:57,668
Uh, uh, don't forget to like, subscribe and brush your teeth, people,

1063
01:00:57,718 --> 01:00:59,678
and, uh, see you in the next one.

1064
01:01:00,243 --> 01:01:01,603
This has been the Freedom Footprint Show.

1065
01:01:01,723 --> 01:01:02,653
Thanks for listening.