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when I hear people talk about banning self custody or putting a 30 percent

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tax on energy use for mining Bitcoin.

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I just laugh.

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I think it's hilarious.

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It's a total distraction.

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bunch of FUD.

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I feel like collectively humanity is organizing itself around this truth

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protocol, this indisputable ledger, an honest ledger, And it's like almost

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it's like tuning how we're vibrating because we're all believing in this thing

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literally changing the direction of our civilization at hyper rate in both a

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very logical and like non philosophical or metaphysical way of looking at it,

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but also in a very metaphysical way.

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Eric, welcome to the Freedom Footprint Show.

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Thanks for joining us.

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Thanks for having me guys.

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It's an honor to be on the show.

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An honor to have you here, uh, let's start by paraphrasing Voltaire, we don't care

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what you smoke, but we're willing to fight to the death for your right to smoke it.

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Yes, I love it.

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yeah, can we, uh, can we have the TLDR on Eric V Stacks, please, for our

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listeners who don't know who you are.

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Yeah, I'll give you uh, the most comprehensive but short version I can.

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So, I'm a licensed cannabis farmer in northern California.

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I grew up in southern California, My parents divorced

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when I was five years old.

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My mother remarried a psychiatrist.

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My mother got into pharmaceuticals.

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and so, and she also would at that time went to back to school and she ended up

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getting a doctorate degree in sociology.

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So I was privy to, I don't know, now I look back at what's the

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fiat incentivized pharmaceutical industry, plus very deep philosophical

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conversations that I was fortunate to have with my family growing up.

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And by the time I was a teenager I was exposed to cannabis for the first time

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and I developed an affinity for cannabis and kind of a great, an ever growing

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suspicion for, I don't know, the fiat world or just our system in general.

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And, um, yeah, so in my mid teens I started to question why cannabis

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was illegal, but you could get all, you know, Reckt on alcohol and

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pharmaceuticals and tobacco and whatever.

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And so it seemed like there was definitely some double standards

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baked into our system and our society.

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And I began to grow and ever, I had an ever growing issue with that growing up.

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And so by the time I was 25 years old, a friend of mine that I went

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to high school with, who knew I had an affinity for cannabis,

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invited me to Northern California.

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They were going to Humboldt State University.

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And, um, yeah, I came up and I worked a harvest and trimmed.

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A bunch of cannabis for a medical marijuana farm at the time.

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That was in 2009 and I immediately knew when I got here, I was like,

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Oh yeah, I know what I'm doing with the next many years of my life.

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This is very clear.

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So yeah, I never left.

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And I've been professionally commercial at a commercial scale, growing cannabis.

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And, um, that resulted in me getting licensed by the

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state of California in 2018.

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Um, I since then sold my business, sold my, my house, uh, essentially

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everything, but the two vehicles that I need for my family.

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And, uh, now I'm all, all in on Bitcoin.

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So I still produce cannabis and, uh, I'm a hardcore Bitcoiner.

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yeah, I'm thinking of many yolks here.

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Like, could you be more Pacific?

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And, uh, you grew up, you had growing concern, and then you grew cannabis, and

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the, uh, Tegrity Farms comes in at some point, but I'll skip the jokes for now.

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before we dive into, uh, the intricacies of cannabis farming,

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uh, how did you like Madeira?

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Madeira was absolutely epic.

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Um, I attended Pacific Bitcoin in October, and that was the first time I was around

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any other Bitcoiners in real life.

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Like, other than people who I have orange pilled.

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And so, uh, that was a very powerful thing.

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I would say that Madeira was orders of magnitude a bigger deal.

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There was more people there, so there was just more of that energy.

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Um, yeah, there was something special about it being in this

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little, this island in the Atlantic.

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I don't know.

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There was just such an interesting, empowering, like, it was very energizing.

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The vibe there was very energizing.

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And it's also, I think, It's special being around so many other people that

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you have so many of the most important values are aligned, you know, every,

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when you deal with people, if it's, if they're a Bitcoin maximalist and they're

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not into shit coins, you can essentially, you can know right out of the gate that

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most of the most important things About life, you guys have an agreeance on.

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And so that's an interesting thing being around so many other like minded people.

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They're so optimistic.

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It's like rational optimism, as American Hodel says.

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You know, so optimistic, so healthy, so happy, all working on this new

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beautiful, I don't know, protocol that's just gonna usher in so many

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great things for our civilization.

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And so, yeah, it was It was very inspiring, to say the least.

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Yeah, we couldn't agree more.

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I mean, we had a great time there and As you say, you're aligned on

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most things, so you know that, like, the real interesting conversations

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is where you, where you disagree.

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So I think, like, real Bitcoiners love disagreeing, and to agree to disagree, and

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trying to find why we're in disagreement about very, very specific things on the

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edges of what we think, uh, and that's because that's how you evolve, right?

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That's how you, uh, how your thoughts evolve, and how you get ahead, and

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how you put one I'm Two and two together and go forward and I was

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very happy to see so many Americans on Madeira because it's rare to see

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so many like hardcore Bitcoiners jump the pond and join us here in Europe.

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It's the other way around.

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It's more common.

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I think that Europeans go to.

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The Bitcoin conference, uh, and the likes of that, uh, where there are, it's bigger,

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uh, but there's also way more noise.

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Uh, there's a lot of shit coiners running around, uh, and, uh, yeah,

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Madeira was more pure signal, uh, so yeah, I just loved it.

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totally agree.

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You know, I think there's something interesting, and actually, as I say

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this, there's a little bit of a parallel between, like, the cannabis community that

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I've spent the last 15 years of my life, and really more since I was 15 years old,

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so you can say 20, 25 years of my life.

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And Bitcoiners, and like Jordan Peterson speaks to this and your personality

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trait and like how agreeable or disagreeable you are on the spectrum and

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Bitcoiners by nature are disagreeable because they're real quick to just

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question and have an issue with

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No, we're not.

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No, we're not.

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Yeah, exactly.

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That's exactly it.

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Yeah.

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And it's a similar thing with cannabis.

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It's, you know, the ethos is a little bit the same.

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It's a little bit of F you.

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We're going to do what we feel to be right, regardless of what your

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paradigm or your system wants us to do.

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And, um, yeah, so I kind of like that.

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Yeah.

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So, so let's dive right into what, what does bitcoin mining have to

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do with, with cannabis farming?

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well, I actually think they're kind of similar in the sense that you,

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You're building this infrastructure and you're setting up, you're

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setting up infrastructure to harness electricity to produce something.

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So there are some parallels there.

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I think in the future, what we're going to see is, is we're going to see the

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heat being used to heat facilities where heat is a requirement, but

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actually, Most commonly when producing cannabis with all of the lights and

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all the equipment, they produce a lot of heat like the Bitcoin miners do.

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And so you end up needing to run similar cooling systems that you

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do when you're mining Bitcoin.

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there is some similarities though, in the sense that you have this

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new industry growing and the economic incentive is so large that

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people are attracted to come into.

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Cultivating cannabis because it's traditionally been pretty

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profitable as a result of the supply being stifled by prohibition.

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with Bitcoin mining, if you have the ability to harness a bunch of power, if

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you have renewable or cheap energy, or if you're flaring off gas, if you just

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have energy that's going to waste, or if you have an abundance of energy, You

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can essentially park these miners there and it's kind of like printing money.

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Like how it's that vortex of incentives.

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How do you not do that if you're capable of doing it?

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And so, yeah, I just think it's the economic incentive.

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The thing that's so beautiful with Bitcoin is it seems to

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be this vortex of incentives.

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It's like Breedlove says, it's this vortex of incentives that

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you'd get paid to interface with.

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And, and avoiding that is.

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And the long term will bring economic pain really to people

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who try to ban themselves from it.

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And so, yeah, there's some parallels there.

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Okay, but it's not, it's not like that Dutch, uh, tulip farmer that uses the,

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the miners to heat up the thing because the, the lightning, uh, equipment

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heats, heats the plants up already.

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yeah.

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In most locations, most commonly people are going to be using cooling

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when they're, you know, I don't know, cultivating in greenhouses.

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Um, in the event that you need heating, And there are places where

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people are going to need heating, and with the introduction of LED

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lighting, so traditionally cannabis has been grown with high pressure

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sodium lighting, a byproduct of that bulb, high pressure sodium fixture,

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is infrared and infrared literally heats everything up that it hits.

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It's like, it's like grow lamp slash heat lamp.

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And now that the, the technology with led fixtures is becoming so

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good as people switch to leds, they're running into issues where

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they're accustomed to producing a lot of heat in their facilities,

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and they're not now with these leds.

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And so in places where you have more temperate or colder climates

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and the industry is moving to LEDs, we are going to see that people

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are going to start needing heating.

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And um, with the reduction in power usage also with LEDs, now you're going to have

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surplus power that you, once we're using for lighting, now you'll need heating.

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And once again, if you can mine Bitcoin while you heat your facility,

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the economic incentive to do so.

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Is so much that and we're talking about a commodity, you know, Jeff Booth's work has

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really been pivotal in me understanding.

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The forces that we're contending with in our world.

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As we make things more abundant, as human ingenuity and technology

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allows us to meet demand with supply, the cost of everything is falling

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to the marginal cost of production.

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Unless you can build like a regulatory moat or a monopoly in some sector in

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the marketplace to prevent competition from coming in, then you could capture

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these large margins and continue to grow.

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I don't know, make those margins in perpetuity, but typically in a free

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market, and I experienced this, uh, an extreme version of this in cannabis, as

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the supply is increased, as the demand has been associated with supply, as

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legalization has taken place and the regulations have become more friendly and

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the risk is less and so on and so forth, cannabis has become much more abundant.

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And as a result, the price is dropping.

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And so you have a lot of volatility within the cannabis industry and a lot

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of people are going out of business as a result of cannabis falling to

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the marginal cost of production.

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As an example, for me, 10, 12 years ago, a premier world class pound of cannabis

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that I would produce and sell directly to a dispensary in Southern California,

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lawfully, was between 3, 000 to 4, 000.

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Today, really a better, higher quality pound.

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Is going between eight to 1200 bucks, call it a thousand dollars.

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So I'm making between a third to a quarter of what I once was, but my

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cost of living slash operating my business has doubled, if not tripled.

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So you have the inflationary forces of the fiat monetary system, where the

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monetary units are lent into existence as debt against assets, insolvent.

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But I'm That force is the opposing force, the natural force of making

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something more abundant, and so I have wage, dollar denominated wage

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deflation, and dollar denominated cost of operating or cost of living inflation.

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And so, if I didn't adopt Bitcoin as a treasury reserve, And so it's taking

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places as the appreciation on my balance sheet, you could say, is so great that it

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outweighs the loss of income on my P& L.

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And so the thing that's so special for me about Bitcoin, and I can see this

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taking place across the marketplace, is, is that people that are saving Bitcoin,

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they save their surplus in Bitcoin as they're, as earnings are harder to

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make, their bitcoin is appreciating at such a fast rate, it's a hedge

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against these two inflationary forces, and, and, it actually like, so with

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cannabis specifically, I got two major issues, uh, well three, so you got the

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inflationary issues with The fiat monetary system, but I have commoditization.

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And so that's essentially just where you have an incentive.

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You have a margin.

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People are going to move into this sector of the marketplace.

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Entrepreneurs and capital are going to produce more cannabis.

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That's going to drive the price down.

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But then I have jurisdictional competition.

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So I'm in Northern California.

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My electricity is very expensive.

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Gas is very expensive.

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Everything's really expensive.

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So, that means that somebody could go to a jurisdiction like Oklahoma where the

234
00:16:07,875 --> 00:16:12,525
regulatory fees are less, less money, there's less regulatory impedance, the

235
00:16:12,525 --> 00:16:16,775
cost of living is less, and when we're competing on the national stage, which is

236
00:16:16,795 --> 00:16:22,075
coming, I'm at a big market disadvantage against somebody who's in a jurisdiction

237
00:16:22,075 --> 00:16:23,505
that's more business friendly.

238
00:16:24,255 --> 00:16:29,335
But those forces, commoditization, jurisdictional competition, and then the

239
00:16:29,335 --> 00:16:34,085
money printing, the inflationary modern monetary trash system that we have to use.

240
00:16:34,330 --> 00:16:39,240
Those three forces that make my life harder are making my bitcoin shred,

241
00:16:39,770 --> 00:16:41,050
which is making my life better.

242
00:16:41,610 --> 00:16:45,370
So, yeah, that's kind of a mouthful there, but you get the point.

243
00:16:45,586 --> 00:16:46,378
no, it's great.

244
00:16:46,738 --> 00:16:52,518
Uh, and I'm thinking about how ironic it is that, you know, uh, everything

245
00:16:52,518 --> 00:16:54,628
is getting more expensive in Fiat land.

246
00:16:55,038 --> 00:16:57,658
Uh, it's getting more expensive to live and it's getting.

247
00:16:59,153 --> 00:17:03,363
Especially more expensive to live a good life with high quality products.

248
00:17:04,323 --> 00:17:08,403
And at the same time it's getting cheaper to be stoned every day and live off of

249
00:17:08,403 --> 00:17:12,473
government subsidies and just lay on the couch and do fuck all every day.

250
00:17:13,213 --> 00:17:13,633
yeah,

251
00:17:14,283 --> 00:17:15,193
How convenient.

252
00:17:16,193 --> 00:17:16,593
yeah,

253
00:17:17,596 --> 00:17:19,826
Alright, yeah, so those are the policies.

254
00:17:20,603 --> 00:17:24,335
Yeah, tell me a bit about the history of legalization of cannabis in the

255
00:17:24,335 --> 00:17:30,055
US, because it's been talked about in Europe a lot, and Germany has

256
00:17:30,485 --> 00:17:34,025
been talking about it for ages, but it seems like the legislation never

257
00:17:34,025 --> 00:17:39,066
happens, or the decriminalization of what you say, so it's very new.

258
00:17:39,066 --> 00:17:39,168
Yeah.

259
00:17:39,168 --> 00:17:39,270
Yeah.

260
00:17:39,550 --> 00:17:44,490
This is a very tricky, uh, thing, because the laws around it are so different.

261
00:17:44,630 --> 00:17:48,930
Uh, I mean, the cannabis laws are sort of like the lockdown laws in late stage

262
00:17:48,960 --> 00:17:52,870
COVID, where, where every country had a different set of laws and you were

263
00:17:52,900 --> 00:17:56,020
criminalized in one jurisdiction, but not in another and stuff.

264
00:17:56,770 --> 00:17:58,230
But like, what, what's the history there?

265
00:17:58,240 --> 00:17:59,290
How, how did it play out?

266
00:17:59,310 --> 00:18:02,800
Is it, uh, I guess it's not legal in every state yet.

267
00:18:02,840 --> 00:18:06,350
It's, uh, it's pretty strange, right?

268
00:18:07,050 --> 00:18:11,020
Yeah, so what's happening is state by state, it's taking,

269
00:18:11,030 --> 00:18:13,210
it's happening on a state level.

270
00:18:13,570 --> 00:18:18,445
Um, It seems like every two years, more states legalize cannabis for

271
00:18:18,445 --> 00:18:24,465
recreational use that have had medical use, and then states that don't have any

272
00:18:24,535 --> 00:18:26,745
legal cannabis use seem to go medical.

273
00:18:26,745 --> 00:18:30,275
They'll go medical first, and that means that within the state, if a

274
00:18:30,275 --> 00:18:34,095
doctor writes you a prescription or gives you the right to go and buy

275
00:18:34,115 --> 00:18:38,035
cannabis through one of their doctor recommendations, you can go to a medical

276
00:18:38,035 --> 00:18:40,875
dispensary and you can purchase cannabis.

277
00:18:40,925 --> 00:18:45,110
And it seems to go from like a A totally illegal black market

278
00:18:45,110 --> 00:18:49,100
activity to what becomes kind of a gray market activity where you're

279
00:18:49,100 --> 00:18:51,390
allowed to under nonprofit and.

280
00:18:51,845 --> 00:18:54,405
And medical regulations that go into effect.

281
00:18:54,405 --> 00:18:57,475
And then what will happen is, is the people of that state realize that

282
00:18:57,475 --> 00:19:00,825
this isn't some dirty, despicable drug and people aren't dying on the

283
00:19:00,825 --> 00:19:02,435
streets because they're smoking weed.

284
00:19:02,785 --> 00:19:06,615
And then they vote to legalize it on a recreational level.

285
00:19:06,985 --> 00:19:12,761
And so in the state of California, California has the largest cannabis

286
00:19:12,791 --> 00:19:15,356
industry by A significant amount.

287
00:19:15,446 --> 00:19:17,226
It's a huge economy here.

288
00:19:17,226 --> 00:19:18,576
Our GDP is enormous.

289
00:19:18,616 --> 00:19:20,546
There's, there's a lot of economic activity.

290
00:19:20,826 --> 00:19:27,416
And so in 1996, the people of California, uh, put into effect, or the state

291
00:19:27,416 --> 00:19:31,726
put into effect the proposition, Prop 215, which, which was the regulatory

292
00:19:31,736 --> 00:19:34,086
framework for medical marijuana.

293
00:19:34,096 --> 00:19:37,996
And then what that stated is, is essentially you could share medicine, what

294
00:19:38,061 --> 00:19:39,611
They determined cannabis to be medicine.

295
00:19:39,631 --> 00:19:43,601
You can share this cannabis within qualified patient members within

296
00:19:43,601 --> 00:19:47,821
a collective that are members of a non profit organization, right?

297
00:19:47,821 --> 00:19:52,131
So it kind of made this like cumbersome process, but it wasn't that difficult.

298
00:19:52,151 --> 00:19:53,431
You just form a 501c3.

299
00:19:54,151 --> 00:19:56,491
Everybody's got a doctor's recommendation.

300
00:19:56,731 --> 00:20:00,311
You get all the proper documentation of everybody within that collective.

301
00:20:00,571 --> 00:20:03,471
And then now you can produce and share cannabis within that collective.

302
00:20:03,771 --> 00:20:08,151
Well, what ended up happening is as a result of having an enormous demand

303
00:20:08,161 --> 00:20:12,351
for cannabis, the price is high, the economic incentive is high, so a lot

304
00:20:12,351 --> 00:20:16,121
of entrepreneurs and capital flew into that sector of the marketplace and

305
00:20:16,121 --> 00:20:19,551
started participating in the production and the distribution of cannabis.

306
00:20:20,351 --> 00:20:28,081
And from 1996 to 2018, and 2018 is when adult use recreational

307
00:20:28,081 --> 00:20:29,761
cannabis went into effect.

308
00:20:29,761 --> 00:20:31,981
So you could say it went fully legal.

309
00:20:32,301 --> 00:20:34,606
And over that What is that?

310
00:20:34,606 --> 00:20:35,766
That's 22 years.

311
00:20:35,766 --> 00:20:42,156
Over that 22 year period, a mega, multi billion dollar industry developed.

312
00:20:42,916 --> 00:20:51,966
And in 2015, the governor of California at the time, uh, wrote into effect,

313
00:20:51,986 --> 00:20:56,100
or signed into effect, a bill called Medical Marijuana Safety Regulations Act.

314
00:20:56,100 --> 00:20:59,191
And this is MRSA is the name of this, this, uh, Bill.

315
00:20:59,731 --> 00:21:05,581
And what that did is, is it put into the, put into effect the initial

316
00:21:06,161 --> 00:21:10,401
regulatory framework for the state to license and the counties to permit any

317
00:21:10,401 --> 00:21:12,391
cannabis activity that was taking place.

318
00:21:12,401 --> 00:21:16,401
So now you essentially had what was this gray market activity where all you needed

319
00:21:16,401 --> 00:21:19,181
was a 501c3 nonprofit organization.

320
00:21:19,181 --> 00:21:20,571
People would go see their doctor.

321
00:21:20,571 --> 00:21:23,601
The doctor would say, Hey, here's your prescription for cannabis.

322
00:21:23,601 --> 00:21:25,896
And now you can go and And purchase cannabis.

323
00:21:25,896 --> 00:21:29,036
You could produce cannabis if you are under a certain amount and so on.

324
00:21:29,056 --> 00:21:31,096
So you basically had this explosion.

325
00:21:31,096 --> 00:21:36,196
It was kind of this chaos, this mania of this enormous industry that, that, that

326
00:21:36,246 --> 00:21:39,836
ensued and there wasn't any licensing.

327
00:21:39,836 --> 00:21:41,356
There wasn't any permitting.

328
00:21:41,366 --> 00:21:45,136
It was kind of this, uh, guilty till proven innocent.

329
00:21:45,136 --> 00:21:48,146
If you got caught by law enforcement, you'd have to go to court and you'd

330
00:21:48,146 --> 00:21:50,726
have to say, Hey, here's all my documentation, so on and so forth.

331
00:21:51,086 --> 00:21:53,026
And so with the fact that.

332
00:21:53,491 --> 00:21:57,731
It seemed pretty clear that in 2016, the people of the state of California were

333
00:21:57,731 --> 00:22:00,251
going to vote into effect adult use.

334
00:22:00,611 --> 00:22:05,101
The prior election cycle, it almost passed, and so preemptively,

335
00:22:05,421 --> 00:22:08,331
the regulators started to put together this framework.

336
00:22:08,351 --> 00:22:11,721
And what the framework essentially said was, is that if you're on the county

337
00:22:11,911 --> 00:22:17,121
level, the county decides whether they're going to Permit cannabis activity or ban

338
00:22:17,131 --> 00:22:20,981
it, and if they're going to permit it, they're going to permit it, and then when

339
00:22:20,981 --> 00:22:25,081
2018 hits, you're going to apply for a license with the state of California.

340
00:22:25,731 --> 00:22:27,181
It's kind of like a liquor license.

341
00:22:27,771 --> 00:22:31,941
If you want to have a cannabis storefront, or a manufacturing facility,

342
00:22:32,091 --> 00:22:36,801
or a cultivation site, you need to maintain Proper setbacks from schools.

343
00:22:36,801 --> 00:22:39,001
You need to make sure you don't have any evasives, you know,

344
00:22:39,001 --> 00:22:41,261
endangered species on the property.

345
00:22:41,261 --> 00:22:43,341
Like, you know, you have to have biological studies.

346
00:22:43,341 --> 00:22:47,541
You can't be bulldozing a forest to put in, you know, greenhouse facilities.

347
00:22:47,541 --> 00:22:50,051
You have to appease all these regulatory restrictions.

348
00:22:50,821 --> 00:22:58,648
And so, in 2016, when this 2015, when this bill was signed into effect,

349
00:22:59,638 --> 00:23:03,408
Humboldt County, being the mecca of cannabis production, really, and you

350
00:23:03,408 --> 00:23:08,248
could say in the world, signed, they, they issued their land use ordinance.

351
00:23:08,598 --> 00:23:11,438
And to give you an idea, and this is going to tie into Bitcoin here.

352
00:23:12,348 --> 00:23:17,243
In Humboldt County, at the time, they offered up a carrot and a stick thing.

353
00:23:17,243 --> 00:23:17,868
Here you go.

354
00:23:17,908 --> 00:23:21,888
So if you register your farm and quote unquote, come into compliance.

355
00:23:22,488 --> 00:23:25,918
You're going to get priority for state licensing and we're going to permit

356
00:23:25,918 --> 00:23:29,368
you at hyper speeds and you know, basically here, that's the incentive.

357
00:23:29,378 --> 00:23:34,388
Come out of this gray market and into compliance into this regulatory framework.

358
00:23:34,618 --> 00:23:36,508
And if you don't, we're essentially going to shut you down.

359
00:23:37,608 --> 00:23:44,738
Out of what was determined to be Of commercial scale, visible via satellite

360
00:23:44,758 --> 00:23:49,328
imagery, Google Maps, like I could take you on a tour right now on Google

361
00:23:49,338 --> 00:23:55,818
Maps, there was 12, 600 and some odd farms in Humboldt County alone, okay?

362
00:23:56,868 --> 00:23:58,778
They implemented a deadline.

363
00:23:59,183 --> 00:24:03,273
Six months after MRSA got signed into effect, you had to register

364
00:24:03,273 --> 00:24:05,023
your farm at the end of 2015.

365
00:24:05,313 --> 00:24:10,633
Out of 12, 600 some odd farms, 123 people registered their farms.

366
00:24:11,033 --> 00:24:15,233
Essentially, the cannabis community at large gave the middle finger to the

367
00:24:15,233 --> 00:24:20,353
regulators because their regulations and what they wanted was ridiculous.

368
00:24:20,833 --> 00:24:22,423
It was way too much.

369
00:24:22,593 --> 00:24:23,733
It was way prohibited.

370
00:24:23,733 --> 00:24:26,893
They wanted new roads, live camera feeds, all of these things.

371
00:24:26,893 --> 00:24:31,333
And everybody who was Producing cannabis who wanted a future producing cannabis.

372
00:24:31,353 --> 00:24:34,913
Now, mind you, licensed legal cannabis was a dream come true

373
00:24:34,913 --> 00:24:37,123
for 12, 600 farmers out there.

374
00:24:37,593 --> 00:24:39,803
123 people came forth.

375
00:24:40,253 --> 00:24:42,543
These are also farms that you can see.

376
00:24:42,543 --> 00:24:44,763
I just want to reiterate, you can see these from Google Maps.

377
00:24:44,763 --> 00:24:47,593
Like you can drive black SUVs right up to these people.

378
00:24:47,593 --> 00:24:51,253
You can go arrest these people and go shut these farms down instead

379
00:24:51,253 --> 00:24:53,143
of going around with the stick.

380
00:24:53,818 --> 00:24:57,208
They extended the deadline by 12 months, and they came back

381
00:24:57,228 --> 00:24:59,358
with way more favorable rules.

382
00:25:00,028 --> 00:25:05,728
And so when I hear people talk about banning, like, regulators at the U.

383
00:25:05,728 --> 00:25:05,868
S.

384
00:25:05,878 --> 00:25:07,058
government level, or the E.

385
00:25:07,098 --> 00:25:07,268
C.

386
00:25:07,268 --> 00:25:07,438
E.

387
00:25:07,438 --> 00:25:07,528
O.

388
00:25:07,528 --> 00:25:10,848
European Union, or any of these governments, Talking about banning

389
00:25:10,848 --> 00:25:16,188
self custody or putting a 30 percent tax on energy use for mining Bitcoin.

390
00:25:16,488 --> 00:25:17,588
I just laugh.

391
00:25:17,608 --> 00:25:18,848
I think it's hilarious.

392
00:25:18,848 --> 00:25:20,008
It's a total distraction.

393
00:25:20,008 --> 00:25:22,398
It's a bunch of, it's a, it's a bunch of FUD.

394
00:25:22,618 --> 00:25:26,468
It's a, it's another reason to keep the everyday person out of Bitcoin.

395
00:25:26,728 --> 00:25:28,338
It'll never stick.

396
00:25:28,518 --> 00:25:29,718
None of this will ever stick.

397
00:25:29,728 --> 00:25:30,748
You can't ban Bitcoin.

398
00:25:30,758 --> 00:25:32,258
You can only ban yourself from it.

399
00:25:32,258 --> 00:25:33,948
Let's look at what happened to China.

400
00:25:34,228 --> 00:25:38,468
And I believe that what is going on on a, on a, on a level.

401
00:25:38,758 --> 00:25:42,298
Within the United States and the Elizabeth Warrens of the world.

402
00:25:42,588 --> 00:25:44,068
Yeah, they want it all.

403
00:25:44,518 --> 00:25:46,758
They aren't even going to get remotely close to it.

404
00:25:46,758 --> 00:25:48,168
I watched it happen with cannabis.

405
00:25:48,198 --> 00:25:51,348
You could go right to these people's farms and you could shut them down.

406
00:25:51,538 --> 00:25:52,418
They're physical.

407
00:25:52,418 --> 00:25:53,708
They're in the physical world.

408
00:25:53,708 --> 00:25:56,518
They're mega greenhouses visible from satellite.

409
00:25:57,068 --> 00:26:01,738
You can't even prove if somebody actually has the private keys to their Bitcoin.

410
00:26:01,854 --> 00:26:05,763
you going to go and charge a Bitcoin miner 30%?

411
00:26:05,763 --> 00:26:06,713
You know what they're going to do?

412
00:26:06,903 --> 00:26:09,743
Texas, first off, would be up in arms if they tried to do that.

413
00:26:09,753 --> 00:26:12,543
Secondly, all the Bitcoin miners would just hit shipping containers

414
00:26:12,543 --> 00:26:14,553
and just leave, go somewhere else.

415
00:26:14,563 --> 00:26:17,853
And then everybody gets the, dude, it's the economic pain that they

416
00:26:17,853 --> 00:26:19,253
would feel from that is enormous.

417
00:26:19,883 --> 00:26:21,213
So I believe it's a bunch of FUD.

418
00:26:21,213 --> 00:26:24,693
I believe it's based upon a bunch of regulators who want it all.

419
00:26:24,923 --> 00:26:27,013
Like they wanted it all with cannabis.

420
00:26:27,583 --> 00:26:30,733
They got a fraction of what they originally wanted, and then they came

421
00:26:30,733 --> 00:26:35,943
in and overtaxed it, and now they've had to reduce taxes because supplies

422
00:26:35,943 --> 00:26:40,393
meeting demand, and the cost of product, it's, it's, it's, the value of cannabis

423
00:26:40,433 --> 00:26:44,243
is dropping to the marginal cost of production, so the producers aren't this

424
00:26:44,283 --> 00:26:48,443
epic honeypot of tax revenue for the state, as a matter of fact, they're all

425
00:26:48,443 --> 00:26:52,533
going broke and going out of business, and the state's reducing taxes, the county

426
00:26:52,613 --> 00:26:58,848
has foregone its square footage tax, and so, I think it's important that we

427
00:26:58,848 --> 00:27:03,738
don't let the regulators wreck the bright orange future that we have coming here.

428
00:27:03,918 --> 00:27:06,938
But I also don't get too wrapped up in it and I don't lose any sleep.

429
00:27:07,138 --> 00:27:10,188
And I watched the government come in and try to regulate a multi billion

430
00:27:10,188 --> 00:27:16,078
dollar industry that was much, by orders of magnitude, easier to shut

431
00:27:16,078 --> 00:27:21,468
down, violate, regulate, whatever, than the Bitcoin industry is.

432
00:27:21,488 --> 00:27:24,208
So I think that they're going to bend the knee.

433
00:27:24,438 --> 00:27:25,558
They're going to capitulate.

434
00:27:25,578 --> 00:27:29,533
They're going to fall into the Incentive Vortex, that is Bitcoin.

435
00:27:29,543 --> 00:27:35,063
You get paid to interact with the Bitcoin network, honestly, and you get punished

436
00:27:35,283 --> 00:27:37,013
to try to go against its incentives.

437
00:27:37,013 --> 00:27:41,233
And so I just think it's, we're in for hyperbitcoinization in some degree.

438
00:27:41,233 --> 00:27:44,423
I feel like we're experiencing that and it's just a capitulation

439
00:27:44,433 --> 00:27:46,383
into the incentive vortex.

440
00:27:47,498 --> 00:27:48,768
Ah, beautifully put.

441
00:27:49,238 --> 00:27:52,358
Uh, just a quick question, who was governor of California

442
00:27:52,358 --> 00:27:53,408
when that bill was passed?

443
00:27:53,408 --> 00:27:55,358
Was it Arnold, or was it someone else?

444
00:27:55,753 --> 00:27:57,263
No, it was Jerry Brown.

445
00:27:57,273 --> 00:28:01,053
It was Jerry Brown, uh, signed, signed MRSA into effect.

446
00:28:01,328 --> 00:28:01,838
Alright.

447
00:28:02,208 --> 00:28:05,878
So, but there's something to be said for prohibition in general here.

448
00:28:05,878 --> 00:28:11,268
I know so many examples, like, I once visited the Faroe Islands, which are small

449
00:28:11,268 --> 00:28:13,298
islands between Scotland and Iceland.

450
00:28:13,898 --> 00:28:19,893
And, uh, the, um, The harbormaster there told me about the alcohol regulations

451
00:28:20,253 --> 00:28:24,173
they used to have, because it used to be, there used to be a ban on alcohol.

452
00:28:24,263 --> 00:28:28,453
You could, like, have, consume a liter a year, each person, or

453
00:28:28,753 --> 00:28:30,183
something ridiculous like that.

454
00:28:30,733 --> 00:28:34,393
And, of course, it resulted in everyone making their own moonshine.

455
00:28:35,133 --> 00:28:39,283
And all the side effects of that, and there were alcoholics everywhere, and then

456
00:28:39,283 --> 00:28:44,293
they, at some point, they decided, fuck it, we'll just do Danish rules, which are

457
00:28:44,843 --> 00:28:47,153
some of the most liberal in Scandinavia.

458
00:28:47,763 --> 00:28:52,743
And all the alcoholics went away, and now they're normal again.

459
00:28:52,763 --> 00:28:55,983
And like, the thing is, it's the same with cannabis in Europe.

460
00:28:55,983 --> 00:29:01,158
Like, in Scandinavia, I grew up, there's the, The mecca for

461
00:29:01,158 --> 00:29:05,793
cannabis was in Copenhagen in a place called, um, Christiania.

462
00:29:06,053 --> 00:29:06,403
Yeah.

463
00:29:06,963 --> 00:29:12,803
So, so, and Christiania was this hippie, uh, there were some hippies that took

464
00:29:12,803 --> 00:29:16,893
over a part of the city that had, was slightly abandoned in the seventies or,

465
00:29:16,983 --> 00:29:21,393
or even late sixties, and, uh, built this little hippie collective and then

466
00:29:21,453 --> 00:29:26,553
somehow managed to be allowed by the government to do that and live outside.

467
00:29:26,723 --> 00:29:32,453
of the rest of society, but over time, uh, it evolves into a, the, the, like

468
00:29:32,453 --> 00:29:36,263
the center of Kristiania, it's a, it's a terrible street called Pusher

469
00:29:36,263 --> 00:29:40,943
Street, where all the criminal, uh, drug dealers are, that, that are really,

470
00:29:41,223 --> 00:29:42,943
like, the, the scary guys, you know?

471
00:29:43,463 --> 00:29:49,233
And, uh, and same thing with Amsterdam, uh, uh, I mean, not, not anymore since

472
00:29:49,233 --> 00:29:54,083
cannabis is everywhere now, but, but, uh, I remember, uh, back in the day, Amsterdam

473
00:29:54,083 --> 00:29:58,883
used to, to attract all the junkies from all over Europe, and it, it used to be

474
00:29:59,363 --> 00:30:05,108
way trashier because of Not because of the liberalization of stuff, but because

475
00:30:05,108 --> 00:30:06,848
of the prohibition everywhere else.

476
00:30:07,453 --> 00:30:08,043
Yes.

477
00:30:08,248 --> 00:30:10,018
So, so that's what, that's what happens.

478
00:30:10,018 --> 00:30:15,338
And in the US, if I go even further back in history to the alcohol ban and Al

479
00:30:15,368 --> 00:30:19,628
Capone and all of that stuff, what that led to, a giant criminal organization

480
00:30:19,778 --> 00:30:23,788
and the war on drugs, like all the violence that has come with that.

481
00:30:23,818 --> 00:30:28,218
I mean, the, the downsides far outweigh the, the upsides of, of

482
00:30:28,238 --> 00:30:29,918
prohibition in general, I think.

483
00:30:30,508 --> 00:30:31,238
What are your thoughts?

484
00:30:32,723 --> 00:30:41,232
Uh, well, I think that with cannabis specifically, prohibition of cannabis

485
00:30:41,652 --> 00:30:48,882
coincided the hyper debasement of the currency, and it also happened alongside

486
00:30:48,892 --> 00:30:54,512
of this pharmaceutical industrial complex, and the patenting and these regulatory

487
00:30:54,512 --> 00:30:59,942
moats being built around specific sectors in the marketplace, and so as the currency

488
00:30:59,942 --> 00:31:04,842
is debased, your margins are harder to make, so if you have an inflationary

489
00:31:05,387 --> 00:31:09,027
rate, within, the expansion of the monetary units, let's look at inflation

490
00:31:09,027 --> 00:31:13,327
like bitcoiners do, is they expand the M2 money supply at 8 percent a year.

491
00:31:13,327 --> 00:31:17,917
If your cash flows don't increase at 8 percent a year, you're

492
00:31:17,917 --> 00:31:19,427
actually taking a haircut.

493
00:31:19,577 --> 00:31:25,617
And so, there's a huge incentive from the petroleum industry, Um, and the

494
00:31:25,617 --> 00:31:30,797
pharmaceutical industry to ban cannabis and also just from the government in

495
00:31:30,797 --> 00:31:36,327
general, because I think cannabis, it does a, it's very therapeutic in multiple ways.

496
00:31:36,727 --> 00:31:38,687
It's anti cancerous first off.

497
00:31:38,687 --> 00:31:43,557
It has molecules within it that are some of the most anti cancerous molecules.

498
00:31:44,147 --> 00:31:49,217
On planet earth, they perform a process called apoptosis, where the molecule

499
00:31:49,217 --> 00:31:53,987
can move in and penetrate the cell membrane barrier of a cancer cell

500
00:31:54,057 --> 00:31:58,247
and destroy a cancer cell without harming healthy cells around it.

501
00:31:58,787 --> 00:32:01,587
So it's the opposite in some sense of chemotherapy, which

502
00:32:01,617 --> 00:32:03,327
just destroys everything.

503
00:32:03,887 --> 00:32:07,867
And so cannabis is very therapeutic on a physical level, but also on like

504
00:32:07,867 --> 00:32:12,127
a psychological and a spiritual level where I don't know about you, if you

505
00:32:12,127 --> 00:32:16,387
guys have ever smoked cannabis, but if you do, you get that feeling of being

506
00:32:16,387 --> 00:32:20,447
like hyper aware of, of, of, of empathy.

507
00:32:20,487 --> 00:32:22,777
You realize like, Oh, I'm kind of was a dick.

508
00:32:22,807 --> 00:32:26,007
You get that like feeling, some people call it paranoia, but I think it's a

509
00:32:26,107 --> 00:32:31,187
tsunami of suppressed, like feelings that you have around being too aggressive.

510
00:32:31,687 --> 00:32:36,067
And also as the currency is debased, it creates this low grade state

511
00:32:36,067 --> 00:32:39,287
of psychosis and it also rewards.

512
00:32:40,117 --> 00:32:44,377
I don't know, I call it scumbaggery, but like the, the raping and killing

513
00:32:44,377 --> 00:32:48,067
and stealing and pillaging that some of these mega corporations

514
00:32:48,067 --> 00:32:51,107
are the quintillionaires, they're too proverbial, too big to fail

515
00:32:51,147 --> 00:32:53,217
entities, corporations, nation states.

516
00:32:53,657 --> 00:32:59,877
You have to like suppress people's empathy to get them to be, to not be

517
00:32:59,877 --> 00:33:01,897
really bothered by what's taking place.

518
00:33:02,227 --> 00:33:05,007
And so there's a multitude of things that I think happened.

519
00:33:05,492 --> 00:33:10,312
Alongside each other that really incentivized the overlords or the powers

520
00:33:10,312 --> 00:33:15,232
that be, you could say, to ban cannabis and then indoctrinate the populace to

521
00:33:15,242 --> 00:33:18,652
think that cannabis is some terrible, evil drug and is going to make you stupid.

522
00:33:19,342 --> 00:33:23,872
And so, yeah, the prohibition of cannabis I think is also similar to

523
00:33:23,872 --> 00:33:27,552
like, The attempt to 6102 people's gold.

524
00:33:27,562 --> 00:33:32,442
Well, gold by having gold on in possession of the populace, as they debase the

525
00:33:32,442 --> 00:33:35,782
currency, it becomes more clear that the currency is being debased because

526
00:33:35,782 --> 00:33:37,882
the gold was the money it's hard money.

527
00:33:37,882 --> 00:33:40,932
It's going to inflate its supply at 2 percent while they start

528
00:33:40,932 --> 00:33:44,122
expanding the money supply at seven or eight or 9 percent or whatever.

529
00:33:44,582 --> 00:33:48,462
And it has this like effect of exposing what's taking place.

530
00:33:48,812 --> 00:33:49,872
Well, cannabis and.

531
00:33:50,172 --> 00:33:53,912
And psilocybin, and I would even go as far as to say like LSD or

532
00:33:53,912 --> 00:33:57,422
ayahuasca, some of these plant medicines, and even the synthetic

533
00:33:57,452 --> 00:34:03,832
version, like LSD, it does something as far as it makes you more aware of

534
00:34:03,882 --> 00:34:06,102
the natural forces within the world.

535
00:34:06,112 --> 00:34:09,832
And there's these both physical and metaphysical, like, like

536
00:34:09,892 --> 00:34:12,042
healing effects from this.

537
00:34:12,642 --> 00:34:15,392
And it kind of exposes what's taking place.

538
00:34:16,092 --> 00:34:19,732
The exploitation with the pharmaceutical industry, the petroleum industry,

539
00:34:19,742 --> 00:34:23,052
you can do so much with the fiber that comes from cannabis.

540
00:34:23,342 --> 00:34:26,622
Another one, actually, I live in the Redwood Forest, the timber

541
00:34:26,622 --> 00:34:29,112
industry had an issue with cannabis.

542
00:34:29,552 --> 00:34:34,057
It's kind of similar to like I don't know, XRP donating to Greenpeace

543
00:34:34,057 --> 00:34:35,817
to attack proof of work mining.

544
00:34:36,057 --> 00:34:38,457
Like, the timber industry is fucking contributing to the

545
00:34:38,457 --> 00:34:39,827
making of reefer madness.

546
00:34:39,847 --> 00:34:41,177
So is the petroleum industry.

547
00:34:41,177 --> 00:34:42,797
So is the pharmaceutical industry.

548
00:34:42,797 --> 00:34:45,777
And then the central bank's like, yeah, we can't let them smoke weed

549
00:34:45,787 --> 00:34:47,907
because, you know, you can't have gold.

550
00:34:47,907 --> 00:34:48,487
You can't smoke weed.

551
00:34:48,487 --> 00:34:49,947
We want these people waking up.

552
00:34:49,957 --> 00:34:51,517
Let's start fluoridating the water.

553
00:34:51,557 --> 00:34:54,892
Let's start feeding them a bunch of GMO poisonous food.

554
00:34:54,892 --> 00:34:56,282
So then they go to the doctors.

555
00:34:56,282 --> 00:35:00,522
And so, yeah, I think that there's a lot of interesting parallels there with

556
00:35:00,522 --> 00:35:04,812
like the debasement of the currency, the debasement of the sanity and the culture

557
00:35:04,812 --> 00:35:08,752
and the, the, the truth, you know, like we're, we're like debasing the truth

558
00:35:08,752 --> 00:35:10,392
as the currency further gets debased.

559
00:35:11,282 --> 00:35:14,292
And so I think there's, you know, a lot of parallels there.

560
00:35:14,342 --> 00:35:19,092
And so, and what happens though is, is that the people get what the people want.

561
00:35:19,442 --> 00:35:24,042
So as you stifle the supply, and if the demand is still there, the free

562
00:35:24,042 --> 00:35:25,722
market is going to bid the price up.

563
00:35:26,062 --> 00:35:27,272
So they're willing to pay more.

564
00:35:27,312 --> 00:35:30,992
And if the incentive, the economic incentive is high enough, people are

565
00:35:30,992 --> 00:35:34,032
going to be like, fuck it, I'll break the rules and I'm going to satiate that.

566
00:35:34,312 --> 00:35:35,892
That demand with supply.

567
00:35:36,402 --> 00:35:39,732
And then now you have, now you have the government's bringing

568
00:35:39,732 --> 00:35:43,722
it in too, cause they're so broke that they need more tax revenue.

569
00:35:43,722 --> 00:35:47,892
There's two ways for the government to fund itself tax or debase.

570
00:35:48,302 --> 00:35:50,242
And if you debase too much, people go crazy.

571
00:35:50,252 --> 00:35:51,892
If you tax too much, people go crazy.

572
00:35:51,892 --> 00:35:55,462
So it's this back and forth, the tax debase, tax debase, tax debase.

573
00:35:55,462 --> 00:35:59,412
And so now the government wants, you know, I think that they're going to come in and

574
00:35:59,422 --> 00:36:01,122
they're going to legalize cannabis on.

575
00:36:01,567 --> 00:36:05,957
A federal level, which I personally believe in everybody's right to believe

576
00:36:05,957 --> 00:36:11,597
whatever they want, first off, but I do believe that there is a lot of

577
00:36:11,597 --> 00:36:15,697
misconceptions about cannabis, and how cannabis makes you stupid, and you

578
00:36:15,697 --> 00:36:20,297
got that lazy stoner, and you got the Cheech and Chong era, which is just

579
00:36:20,307 --> 00:36:26,107
a Hollywood ridiculous flick that I honestly have an issue with, and I would

580
00:36:26,107 --> 00:36:30,672
say that You know, and you mentioned it, the, the person who's getting,

581
00:36:30,702 --> 00:36:34,162
you know, welfare or UBI and they're laying on their couch and they're

582
00:36:34,162 --> 00:36:37,802
all stoned all day, well that person doesn't actually really exist that much.

583
00:36:37,812 --> 00:36:40,162
First off, cannabis isn't cheap, so you're not going to sit there

584
00:36:40,162 --> 00:36:42,097
and you're going to, you can't really smoke a bunch of, you know.

585
00:36:42,457 --> 00:36:42,927
Cannabis

586
00:36:43,052 --> 00:36:46,422
I know a couple of people like that, so that's why I mentioned it.

587
00:36:46,517 --> 00:36:46,997
okay.

588
00:36:47,507 --> 00:36:49,967
Well, and you know, what I think though is, is I have a theory

589
00:36:49,967 --> 00:36:51,357
about that and I could be wrong.

590
00:36:51,357 --> 00:36:52,127
I'm just a dude.

591
00:36:52,127 --> 00:36:52,377
I don't know.

592
00:36:52,377 --> 00:36:52,937
What do I know?

593
00:36:52,937 --> 00:36:57,837
This is just my thoughts, but we're being gaslit.

594
00:36:57,857 --> 00:37:00,387
First off, we're being lied to by the overlords.

595
00:37:00,387 --> 00:37:01,787
We're being stolen from.

596
00:37:01,827 --> 00:37:04,847
So we're being stolen from and we're being lied to, which is very depressing.

597
00:37:04,857 --> 00:37:08,587
We're coming out of a very nihilistic era, the YOLO period.

598
00:37:08,607 --> 00:37:12,377
People's time preferences short is really becoming very short.

599
00:37:12,732 --> 00:37:16,772
Because what they want that's of significance is so far out of reach.

600
00:37:17,182 --> 00:37:21,312
And what is it, 50 years ago you made 30 grand a year, that the nice

601
00:37:21,312 --> 00:37:24,312
house that you wanted was 90k, right?

602
00:37:24,332 --> 00:37:29,322
That's three years worth of salary to buy a nice house and a car that was made

603
00:37:29,322 --> 00:37:35,102
out of steel and wood and leather, not plastic and pleather and garbage, right?

604
00:37:35,552 --> 00:37:38,442
Now you make 50 grand a year if you're fortunate, that's more

605
00:37:38,442 --> 00:37:41,802
than your average American does, and that, and a decent house.

606
00:37:42,097 --> 00:37:44,607
It's actually made with a bunch of shittier materials.

607
00:37:45,037 --> 00:37:46,617
It's 500, 000.

608
00:37:46,977 --> 00:37:48,837
So it's 10 years worth of salary.

609
00:37:48,847 --> 00:37:52,817
So these people don't really, they care less about the longterm.

610
00:37:53,057 --> 00:37:57,537
That and then as you're economically impoverished and you're being lied to,

611
00:37:57,537 --> 00:38:01,427
and then you're being sold and so you're also being lied to about the food pyramid.

612
00:38:01,427 --> 00:38:04,507
You're being poisoned with all of this garbage food, all this,

613
00:38:04,747 --> 00:38:08,217
this glyphosate, glyphosate laden.

614
00:38:08,522 --> 00:38:09,342
Which is Roundup.

615
00:38:09,542 --> 00:38:12,562
Roundup laden, high fructose corn syrup.

616
00:38:12,772 --> 00:38:14,072
You can eat a bunch of sugar.

617
00:38:14,072 --> 00:38:15,752
You should have all this bread.

618
00:38:15,922 --> 00:38:17,682
You should, you know, go to the doctors.

619
00:38:17,682 --> 00:38:18,532
You don't feel good.

620
00:38:18,532 --> 00:38:20,422
We're going to pump you with a bunch of pills.

621
00:38:20,632 --> 00:38:21,472
Oh, and then it's cool.

622
00:38:21,472 --> 00:38:22,732
Just drink a bunch of alcohol.

623
00:38:22,732 --> 00:38:26,992
So these people are all poisoned and they're hurting and cannabis legitimately

624
00:38:26,992 --> 00:38:33,312
on a, on a very high level mitigates both physical and emotional pain.

625
00:38:33,562 --> 00:38:39,507
So I think that that proverbial, like Lazy dumb stoner is somebody who's self

626
00:38:39,537 --> 00:38:43,417
medicating because they're physically and psychologically really suffering.

627
00:38:43,697 --> 00:38:47,737
And I think that that's also part of the drug epidemic in our world.

628
00:38:47,747 --> 00:38:49,867
It's the addiction epidemic.

629
00:38:50,007 --> 00:38:53,847
It's the addiction to porn, gambling, spending a bunch of

630
00:38:53,847 --> 00:38:58,387
fucking money on things you don't need, drugs, like coffee's a drug,

631
00:38:58,417 --> 00:39:00,587
tobacco's a drug, alcohol's a drug.

632
00:39:00,587 --> 00:39:03,807
Like it's, they're all things that you're putting in your

633
00:39:03,807 --> 00:39:05,147
body that change how you feel.

634
00:39:05,814 --> 00:39:11,154
I talked to, uh, uh, Joni Appelberg about this, like the guy who, uh,

635
00:39:11,284 --> 00:39:14,474
I collaborate with, uh, every once in a while with those animations.

636
00:39:14,624 --> 00:39:18,984
And he's a medical doctor and is very interested in this subject, subjects.

637
00:39:19,334 --> 00:39:25,374
And like the, from what I learned, the, the latest studies, uh, about, or the

638
00:39:25,374 --> 00:39:30,754
latest insights about, uh, addiction in general is that it's not as connected

639
00:39:30,754 --> 00:39:35,764
to the substance as we think it is, like they, they, uh, they've had, um, uh,

640
00:39:35,874 --> 00:39:41,784
experiments where, where you, you put a bunch of rats in a, in a box and you give

641
00:39:41,784 --> 00:39:47,434
them supply, free cocaine, basically, and, uh, free just water without cocaine.

642
00:39:47,844 --> 00:39:52,194
And, uh, then, uh, The rats become junkies, but if you build like rat

643
00:39:52,234 --> 00:39:56,624
paradise instead of just a box, where they have other rats to mate with and

644
00:39:56,624 --> 00:40:01,054
fun stuff to do, like running around in a wheel and whatever else rats

645
00:40:01,054 --> 00:40:07,769
find funny, uh, then, then they, they, they, uh, become, uh, You know, Charlie

646
00:40:07,769 --> 00:40:09,719
Sheen, and they use cocaine moderately,

647
00:40:10,609 --> 00:40:11,799
yeah, totally,

648
00:40:12,089 --> 00:40:13,309
they can handle it socially.

649
00:40:13,559 --> 00:40:19,889
So the whole, uh, Charlie Sheen might have been not the best comparison there,

650
00:40:19,889 --> 00:40:22,539
but still, they, he said something

651
00:40:22,619 --> 00:40:23,689
they don't become rat

652
00:40:23,799 --> 00:40:31,359
once, but no, exactly, so the junkies are a product of the world being what

653
00:40:31,359 --> 00:40:36,609
it is, rather than the drugs that these depressed people self medicate with.

654
00:40:37,266 --> 00:40:38,146
I totally agree.

655
00:40:38,156 --> 00:40:41,356
And I've witnessed a lot of that in the world with, you know, so my

656
00:40:41,356 --> 00:40:45,556
mother, when I was 20 years old, 20 years old, she had been taking

657
00:40:45,566 --> 00:40:49,436
antidepressants, pharmaceutical drugs that were prescribed to her.

658
00:40:49,616 --> 00:40:52,016
This is a doctorate of sociology.

659
00:40:52,036 --> 00:40:53,366
She didn't smoke tobacco.

660
00:40:53,366 --> 00:40:54,956
She didn't drink alcohol.

661
00:40:54,956 --> 00:40:58,206
This is an upstanding, classy person who's intelligent.

662
00:40:58,761 --> 00:41:00,861
She took pharmaceutical drugs for 15 years.

663
00:41:00,861 --> 00:41:02,401
They didn't solve any of her problems.

664
00:41:02,441 --> 00:41:05,221
They made her borderline psychotic and depressed and

665
00:41:05,221 --> 00:41:06,561
she ended up killing herself.

666
00:41:06,911 --> 00:41:11,701
And so for me, by actually producing cannabis was also, there was

667
00:41:11,701 --> 00:41:13,081
like a little bit of vengeance.

668
00:41:13,101 --> 00:41:17,681
Like for me, it was a Royal F U to like, now what I just look at as the Fiat

669
00:41:17,681 --> 00:41:21,511
world, but as just the pharmaceutical industrial complex growing, you know?

670
00:41:21,511 --> 00:41:25,391
And so for like, I've had a lot of family members who have suffered tremendously

671
00:41:25,641 --> 00:41:33,591
From pharmaceuticals, but actually to your point, this is an issue with the trauma

672
00:41:33,631 --> 00:41:39,921
and like, low grade state of psychosis induced by, I don't know, I would say

673
00:41:39,921 --> 00:41:44,951
that it's directly related to the, to the, how the world is getting perpetually

674
00:41:44,951 --> 00:41:48,101
harder as a result of fiat, not better.

675
00:41:48,101 --> 00:41:50,401
And we're being told that it's getting better.

676
00:41:50,401 --> 00:41:51,401
Everything's getting better.

677
00:41:51,401 --> 00:41:54,871
Oh yeah, you live better than you, than a king did 200 years

678
00:41:54,871 --> 00:41:56,641
ago because of technology and.

679
00:41:57,081 --> 00:42:02,141
But these productivity gains that our civilization is producing is being

680
00:42:02,171 --> 00:42:06,421
harvested from us as they debase the currency to fund things that otherwise

681
00:42:06,421 --> 00:42:11,596
the free market or the taxpaying Citizens of any populace would not want to fund.

682
00:42:11,606 --> 00:42:14,926
Like if I got a tax bill, or most Americans get a tax bill, and it says,

683
00:42:14,926 --> 00:42:18,496
so here's for the roads, here's for schools, here's for, I don't know,

684
00:42:18,636 --> 00:42:22,776
municipalities like water services and sewer services, and then here's

685
00:42:22,776 --> 00:42:24,736
for bombing and killing people.

686
00:42:24,986 --> 00:42:27,516
People will be like, you could go ahead and get fucked with that.

687
00:42:27,516 --> 00:42:31,156
We're not paying for the bombs, but I'm really totally cool paying for the schools

688
00:42:31,156 --> 00:42:32,566
and the roads and that kind of stuff.

689
00:42:32,596 --> 00:42:37,236
And so, yeah, the debasement of the currency is just a, just an epic issue.

690
00:42:37,236 --> 00:42:41,506
And You know, on that note, as far as like people struggling with

691
00:42:41,506 --> 00:42:48,436
addiction, it's, I really am very fascinated with Gabor Mate's work.

692
00:42:48,566 --> 00:42:52,916
Gabor Mate is an addiction specialist, and he talks really about trauma.

693
00:42:53,286 --> 00:43:01,381
And he says that trauma is, is You, you, you experience a traumatic experience and

694
00:43:01,381 --> 00:43:06,771
trauma is what happens inside of you as a result of that traumatic experience.

695
00:43:07,221 --> 00:43:13,381
And we're being sold solutions in our society and culturally really

696
00:43:13,381 --> 00:43:15,961
our civilization is doing things.

697
00:43:15,961 --> 00:43:19,471
And I think it's a top down thing as a result of the broken economic

698
00:43:19,471 --> 00:43:25,521
incentives to like make you feel better temporarily in the moment and profit off

699
00:43:25,521 --> 00:43:28,001
of you, not actually solve your issues.

700
00:43:28,661 --> 00:43:30,621
And I think that's a huge issue.

701
00:43:30,621 --> 00:43:33,781
And I think that that's why we're being, and also it's like, if you're

702
00:43:33,791 --> 00:43:37,271
drinking a lot of alcohol and you're taking a lot of pharmaceuticals and

703
00:43:37,271 --> 00:43:40,461
you're watching the Kardashians and you're watching football every Saturday

704
00:43:40,461 --> 00:43:43,341
night while you pound a bunch of Bud Lights, like you're not really paying

705
00:43:43,341 --> 00:43:46,681
attention to what Jerome Powell's talking about at the FedChair meeting.

706
00:43:46,971 --> 00:43:49,431
You're not paying so much attention to like, Hey, wait a second.

707
00:43:50,566 --> 00:43:54,346
What's, what, can somebody explain to me, like, what happened over the last

708
00:43:54,346 --> 00:43:56,576
200 years as far as our monetary policy?

709
00:43:56,576 --> 00:43:57,986
Like, why were we using gold?

710
00:43:57,996 --> 00:43:59,286
Why do we have dollars?

711
00:43:59,296 --> 00:44:02,146
Like, can somebody explain, like, why is it that my bills are more

712
00:44:02,146 --> 00:44:03,666
this year than they are next year?

713
00:44:03,666 --> 00:44:07,116
Instead, it's like, CNN's like, oh, the Beyonce concert's

714
00:44:07,206 --> 00:44:09,376
responsible for the local inflation.

715
00:44:09,886 --> 00:44:14,376
Canada's like, yo, hey, these greedy capitalists are raising grocery prices.

716
00:44:14,906 --> 00:44:18,166
Then Matt Cratter makes a video and is like, actually I went online and looked

717
00:44:18,166 --> 00:44:19,566
at their profit and loss statements.

718
00:44:19,566 --> 00:44:20,776
They're actually making less money.

719
00:44:20,776 --> 00:44:22,336
Everybody, the government is lying to you.

720
00:44:22,336 --> 00:44:26,056
And so, yeah, I just think there's just like a mass psyop taking place.

721
00:44:26,146 --> 00:44:27,636
It's just a lot of dishonesty.

722
00:44:27,636 --> 00:44:31,236
And it's just the result of the debasement of the currency, broken,

723
00:44:31,316 --> 00:44:33,496
broken incentives in our money system.

724
00:44:33,776 --> 00:44:37,176
And like with cannabis, The people wanted it.

725
00:44:37,416 --> 00:44:42,006
The people wanted true and honest, free, open protocol.

726
00:44:42,156 --> 00:44:45,846
They don't, nobody wants to be stolen from, lied to, including, you know,

727
00:44:45,846 --> 00:44:49,796
from the pleb, the everyday man, all the way on up to the baking bloodlines.

728
00:44:49,806 --> 00:44:52,606
They don't want to be killed and have their stuff stolen.

729
00:44:52,956 --> 00:44:56,776
And so, also, I will, and I'll leave it at this, I don't think Bitcoin's a threat.

730
00:44:56,961 --> 00:44:59,551
It's a solution for everybody.

731
00:44:59,821 --> 00:45:02,951
And I just think people are like kind of figuring that out.

732
00:45:02,961 --> 00:45:06,631
And if us everyday people can figure it out, the most powerful entities

733
00:45:06,701 --> 00:45:08,471
on our planet can figure it out.

734
00:45:08,471 --> 00:45:10,821
And I think everybody's coming in for Bitcoin and I think

735
00:45:10,821 --> 00:45:11,781
that's good for everybody.

736
00:45:11,791 --> 00:45:12,871
It's the ethical investment.

737
00:45:13,236 --> 00:45:13,726
It is,

738
00:46:07,638 --> 00:46:12,929
thing you said a bit earlier in the conversation was that when this medical

739
00:46:12,929 --> 00:46:18,779
marijuana thing was, then you needed a doctor's certificate that you needed the

740
00:46:18,919 --> 00:46:22,779
marijuana for medical reasons, right?

741
00:46:23,469 --> 00:46:29,999
Uh, in my mind, that immediately creates a great big incentive for all doctors to,

742
00:46:30,129 --> 00:46:36,909
you know, take bribes, uh, and prescribe marijuana to whoever pays the most.

743
00:46:37,229 --> 00:46:42,629
And also, the doctors would then be very pro that type of regulation.

744
00:46:42,969 --> 00:46:48,119
So, uh, it's very optimistic that, that, uh, Freedom won in the end.

745
00:46:48,159 --> 00:46:53,619
But was there a, a big, uh, you know, uh, Uh, movement against legalizing

746
00:46:53,619 --> 00:46:55,809
completely from the doctor's community?

747
00:46:56,019 --> 00:46:57,699
Or was that a thing at all?

748
00:46:58,664 --> 00:47:01,684
uh, that's a really good question.

749
00:47:01,764 --> 00:47:02,314
Actually.

750
00:47:02,354 --> 00:47:04,304
That's an interesting thing to think about.

751
00:47:04,324 --> 00:47:08,984
And I will say, yes, I would imagine that some of the doctors, because what ended

752
00:47:08,984 --> 00:47:10,594
up happening is you're absolutely correct.

753
00:47:10,604 --> 00:47:11,824
It's the economic incentives.

754
00:47:12,204 --> 00:47:18,524
Doctors People who had doctor degrees, who were capable of it, would set up

755
00:47:18,524 --> 00:47:24,014
a practice that was essentially only you come pay me 50 bucks and I'll

756
00:47:24,014 --> 00:47:25,704
write you a prescription for cannabis.

757
00:47:26,144 --> 00:47:29,134
And so these doctors didn't have to go and do doctor work anymore.

758
00:47:29,134 --> 00:47:33,214
They're now just, okay, you sit down, anything from my toe hurts, my back

759
00:47:33,214 --> 00:47:38,544
hurts, I'm tired, life is hard, to I have stage 4 terminal cancer, right?

760
00:47:38,544 --> 00:47:39,784
And everything in between.

761
00:47:40,154 --> 00:47:44,584
They'll write you a script and it actually is not, it wasn't unlawful, but it's

762
00:47:44,584 --> 00:47:46,464
also the same thing that's taking place.

763
00:47:46,514 --> 00:47:51,924
So I witnessed this from the ages of six years old when my mother remarried,

764
00:47:51,934 --> 00:47:56,684
my stepfather is a psychiatrist, the pharmaceutical representatives from the

765
00:47:56,684 --> 00:48:01,694
pharmaceutical companies would come by and they would bring all sorts of knickknacks

766
00:48:01,694 --> 00:48:05,704
and cool little swag and then they would fly them all over the country slash

767
00:48:05,734 --> 00:48:08,074
world and send them to these conferences.

768
00:48:08,519 --> 00:48:12,469
Pay to put them in baller hotel rooms, feed them steak and lobster, and then

769
00:48:12,489 --> 00:48:15,779
teach them all about their new funny pills that they have a patent on that's

770
00:48:15,779 --> 00:48:17,069
going to make this better, that better.

771
00:48:17,069 --> 00:48:19,899
It's going to, you got one to wake up, one to go to sleep.

772
00:48:19,899 --> 00:48:21,049
If you're hungry, you eat a pill.

773
00:48:21,049 --> 00:48:22,909
When you don't want to eat too much, you take a pill.

774
00:48:22,909 --> 00:48:24,049
When you're happy, you take a pill.

775
00:48:24,049 --> 00:48:24,949
When you're sad, you take a pill.

776
00:48:24,949 --> 00:48:26,369
They got a fucking pill for everything.

777
00:48:26,789 --> 00:48:31,839
And so it's the same economic incentive to go ahead and cater to the people who

778
00:48:31,839 --> 00:48:33,759
are going to be pushing your product.

779
00:48:34,059 --> 00:48:36,959
As a matter of fact, I was just putting up some pictures for my

780
00:48:36,959 --> 00:48:38,259
wife the other day in the house.

781
00:48:38,849 --> 00:48:40,599
I have a little torpedo level.

782
00:48:40,629 --> 00:48:42,409
It's a 12 inch level.

783
00:48:42,659 --> 00:48:46,869
This level I've had since I was like, I don't know, 15 years old.

784
00:48:46,869 --> 00:48:50,239
I poached it from my fucking stepdad's tool kit, right?

785
00:48:50,529 --> 00:48:52,889
It says Zyprexa on it.

786
00:48:53,259 --> 00:48:58,799
The pharmaceutical company was dropping pens and golf towels

787
00:48:59,199 --> 00:49:04,039
in a torpedo level that has the name of a synthetic drug in it.

788
00:49:04,199 --> 00:49:06,929
That, I don't know, probably Bayer Chemical Science or some

789
00:49:06,939 --> 00:49:09,429
big megacorporation is producing.

790
00:49:09,835 --> 00:49:12,385
And I just, I always laugh when I see that, man.

791
00:49:12,475 --> 00:49:18,045
And so, yeah, definitely an incentive for, for people to, I don't know, go

792
00:49:18,045 --> 00:49:22,385
capture those, those profits, those margins and satiate a market demand.

793
00:49:22,675 --> 00:49:24,295
And so doctors were definitely writing scripts.

794
00:49:24,315 --> 00:49:30,870
The people who were the most adverse to cannabis Legalization were hardcore

795
00:49:31,060 --> 00:49:34,210
conservatives, I think, or people that are heavily indoctrinated that

796
00:49:34,210 --> 00:49:36,080
come from the Reefer Madness era.

797
00:49:36,100 --> 00:49:38,590
I don't know if you've ever seen the movie Reefer Madness, but

798
00:49:38,590 --> 00:49:40,500
it was absolutely preposterous.

799
00:49:40,550 --> 00:49:41,610
It was pretty silly.

800
00:49:41,850 --> 00:49:45,000
From the 30s, it was a government propaganda film that was going to teach

801
00:49:45,000 --> 00:49:50,230
everybody how I don't know, cannabis caused brown people to rape white women

802
00:49:50,230 --> 00:49:53,200
and you to go crazy and all this nonsense.

803
00:49:53,720 --> 00:49:58,480
And then also diehards within the cannabis community that knew the legalization

804
00:49:58,490 --> 00:50:00,900
was going to stifle the profits.

805
00:50:01,350 --> 00:50:07,020
So, but most people Most people now in our modern world know that cannabis

806
00:50:07,040 --> 00:50:09,730
isn't, uh, some dangerous, dirty drug.

807
00:50:10,080 --> 00:50:12,500
And so, the people voted to legalize it.

808
00:50:13,346 --> 00:50:17,366
Many of the problems you described to me, they sound like, like these

809
00:50:17,366 --> 00:50:20,836
are problems that are bigger in the US than they are over here.

810
00:50:21,296 --> 00:50:25,786
Uh, like the, the pharmaceutical industry having this great monopoly.

811
00:50:26,131 --> 00:50:31,441
And, and giving everyone prescription drugs on, on, on such a wide scale,

812
00:50:31,681 --> 00:50:35,371
and also the food industry, like, injecting everything with really bad

813
00:50:35,381 --> 00:50:40,411
stuff, that's, that's not, uh, as bad here in Europe as it is in the U.

814
00:50:40,411 --> 00:50:41,911
S., uh.

815
00:50:42,526 --> 00:50:47,576
And I guess that's a product of the crony capitalism instead of proper capitalism

816
00:50:47,576 --> 00:50:51,806
that has been going on since at least 1971, but what are your thoughts?

817
00:50:51,806 --> 00:50:58,356
What do you think, uh, why are we, um, like, not as, as, uh, affected by this,

818
00:50:58,376 --> 00:51:01,576
by these forces, uh, as, as the U.

819
00:51:01,576 --> 00:51:01,886
S.?

820
00:51:02,964 --> 00:51:11,864
think it's due to the fact that you have more cultural heritage.

821
00:51:11,964 --> 00:51:13,344
Is that the right thing?

822
00:51:13,344 --> 00:51:17,144
I think it's because you have these longer, these longer standing cultures.

823
00:51:17,584 --> 00:51:21,484
And with the, in the states, it's a new culture built upon a bunch of

824
00:51:21,484 --> 00:51:25,909
revolutionary savages that are like, Fuck you guys and all of your taxes.

825
00:51:25,909 --> 00:51:27,159
We're going over here.

826
00:51:27,159 --> 00:51:30,419
It's like, Saylor says, Hey, too many rules, too many taxes.

827
00:51:30,419 --> 00:51:32,019
Go, go West, young man.

828
00:51:32,019 --> 00:51:33,529
Well, there's no more West to go.

829
00:51:33,529 --> 00:51:35,199
Now we're going to cyberspace.

830
00:51:35,199 --> 00:51:35,329
Right.

831
00:51:35,329 --> 00:51:40,709
And so I think it's that you had this new populace and this new culture

832
00:51:40,709 --> 00:51:46,689
developed, but everything pre Bitcoin, as far as I know, and once again, I'm

833
00:51:46,689 --> 00:51:50,329
just a dude and this is just my opinions, but as far as I know, for all of known

834
00:51:50,339 --> 00:51:55,714
history, Anything, everything has been corruptible because we've been trusting

835
00:51:55,724 --> 00:51:59,534
humans to operate and run whatever it is.

836
00:51:59,564 --> 00:52:02,264
And in this case, some, some sort of construct like a

837
00:52:02,264 --> 00:52:03,724
government governing body.

838
00:52:04,304 --> 00:52:09,724
So the governing body in a new populace and a new ever growing society and culture

839
00:52:09,724 --> 00:52:11,974
predicated on capitalism and freedom.

840
00:52:11,974 --> 00:52:17,614
And by the way, in my humble opinion, when some Caveman 200, 000 years ago

841
00:52:17,744 --> 00:52:22,334
stopped fishing with a spear, hung out with the babes picking berries for

842
00:52:22,334 --> 00:52:27,034
a week and made a net, and then went back to the river and caught 50 fish

843
00:52:27,034 --> 00:52:28,904
at one time instead of one at a time.

844
00:52:29,174 --> 00:52:30,884
That's capitalism, right?

845
00:52:30,884 --> 00:52:35,759
And so, You mentioned crony capitalism where you've hijacked this free

846
00:52:35,759 --> 00:52:39,829
market apparatus to figure out how to exploit and, and, and siphon

847
00:52:39,829 --> 00:52:43,179
off the surplus through the broken, it's through the money mechanism.

848
00:52:43,989 --> 00:52:49,189
So I think though that in the, in the states, you have a new culture.

849
00:52:49,589 --> 00:52:55,161
And the prosperity that's taken place as opposed to this free market dynamic,

850
00:52:55,161 --> 00:52:59,351
where I think there for a period of time, there was the most free market

851
00:52:59,371 --> 00:53:04,151
because it was this new area built by these revolutionary savages that

852
00:53:04,151 --> 00:53:07,291
were like, we want the ultimate form of freedom, the ultimate form of

853
00:53:07,301 --> 00:53:11,471
freedom developed to what some people call the greatest nation at the time.

854
00:53:11,821 --> 00:53:15,141
And then there was this bloody conflict globally over who's going

855
00:53:15,141 --> 00:53:19,866
to be issuing these certificates that back That are backed by the gold.

856
00:53:20,266 --> 00:53:25,116
Now you got these world war conflicts, the United States wins, they're gonna, we're

857
00:53:25,116 --> 00:53:28,836
gonna, we're gonna, we're, the world's gonna use the United States monetary

858
00:53:28,836 --> 00:53:32,806
technology, but now you, once again, you have a honeypot that you're trusting

859
00:53:32,806 --> 00:53:36,326
people to not corrupt and you can't trust people to not corrupt something.

860
00:53:36,556 --> 00:53:40,236
They've corrupted it and as now the corruption is taking place at a hyper

861
00:53:40,236 --> 00:53:44,936
rate, it's like this runaway corruption in this exponential debasement, which

862
00:53:44,936 --> 00:53:51,026
is resulting in a, in a higher grade state of psychosis and a shortening of

863
00:53:51,036 --> 00:53:55,876
the time preference and a shitification like Jimmy Song, Song's work like Ru,

864
00:53:56,166 --> 00:53:57,826
Fiat ruins everything comes to mind.

865
00:53:58,266 --> 00:54:00,126
We're having hyper rate.

866
00:54:00,476 --> 00:54:05,866
of like the degradation of our society because we were in this position where

867
00:54:05,866 --> 00:54:11,656
we had the world reserve currency the world's monetary technology it's been

868
00:54:11,656 --> 00:54:16,726
corrupted it's been hijacked and now it's like this civilization is collapsing

869
00:54:17,026 --> 00:54:21,871
and i so i think in europe You have a longer standing culture, and then you

870
00:54:21,881 --> 00:54:27,361
also didn't just come out of an era where you're the dominant world power

871
00:54:27,601 --> 00:54:31,041
shoving the monetary technology down the throats of the rest of the world.

872
00:54:31,221 --> 00:54:33,361
So I think it's a dual fold thing there.

873
00:54:33,851 --> 00:54:38,996
And I actually really enjoyed, so I flew from So I'm in Northern California, I

874
00:54:38,996 --> 00:54:43,766
flew to LAX, and then from LAX I flew to Zurich, and it was just part of the flight

875
00:54:43,776 --> 00:54:47,446
plans, and I got a two year old daughter that's going with me, so the goal was, is

876
00:54:47,446 --> 00:54:51,816
we were going to get on a plane at like 8pm, she'd be asleep by 10 or 11, we'd

877
00:54:51,816 --> 00:54:55,006
wake up in the morning, she'd wake up, so I only had to entertain her for a few

878
00:54:55,006 --> 00:54:57,471
hours in the night time and a few hours in the morning, Well, that didn't work.

879
00:54:57,471 --> 00:54:58,571
She stayed up all night long.

880
00:54:58,581 --> 00:55:00,951
That, but that's, that was a whole besides the point.

881
00:55:01,771 --> 00:55:04,961
But I get to Zurich and I'm walking through the airport and I'm just

882
00:55:04,981 --> 00:55:07,881
like a first, I'm like, wow, everybody's healthy and dressed well.

883
00:55:07,941 --> 00:55:11,681
There's no bearded men with purple hair dressed as women.

884
00:55:11,921 --> 00:55:13,391
Like this is a very.

885
00:55:13,931 --> 00:55:16,171
I don't know, seemingly normal culture.

886
00:55:16,351 --> 00:55:19,291
I go to Madeira, everybody's healthy.

887
00:55:19,531 --> 00:55:20,801
There's nobody's wearing masks.

888
00:55:20,801 --> 00:55:24,011
There's no 400 pound person wearing a mask.

889
00:55:24,431 --> 00:55:25,691
It's a man with a dress.

890
00:55:25,691 --> 00:55:28,111
And then, you know, I go to the Bitcoin conference and everybody's

891
00:55:28,111 --> 00:55:31,601
happy and everyone's healthy and everybody's fucking all optimistic

892
00:55:31,601 --> 00:55:34,281
and glowing and just so excited.

893
00:55:34,736 --> 00:55:38,176
I fly back to Zurich, I stay the night, and then, dude, I fly

894
00:55:38,176 --> 00:55:40,116
into San Francisco's airport.

895
00:55:40,506 --> 00:55:45,946
First off, it's not raining, and the roof is leaking in three places, okay?

896
00:55:45,976 --> 00:55:49,906
It's leaking in three places, there's dirty, dingy carpet, I'm like, this

897
00:55:49,906 --> 00:55:53,236
place kinda smells a little bit like, I feel like they were mopping the floors

898
00:55:53,236 --> 00:55:56,736
once a day in Zurich, like, I don't know if anybody's vacuumed in here in like

899
00:55:56,736 --> 00:56:00,646
a week or two, and then there's just a bunch of overweight people wearing

900
00:56:00,656 --> 00:56:02,966
masks, there's men dressed as women.

901
00:56:03,201 --> 00:56:07,831
Like, the contrast was so stark, I could fucking barely believe it, man.

902
00:56:08,391 --> 00:56:10,141
And like, it was just an interesting thing.

903
00:56:10,141 --> 00:56:13,211
Cause like, you know, when you're in it, you don't really kind of like,

904
00:56:13,261 --> 00:56:14,811
I don't know, it's the slow boil.

905
00:56:14,811 --> 00:56:18,341
You're kind of like, you don't really realize until you go somewhere

906
00:56:18,341 --> 00:56:20,971
else and there's none of that and you come back, you're like, wow,

907
00:56:20,971 --> 00:56:23,171
like, this is, this is crazy.

908
00:56:23,886 --> 00:56:25,246
And so, yeah, I don't know.

909
00:56:25,296 --> 00:56:25,856
What, what's,

910
00:56:26,776 --> 00:56:31,996
I remember the shock and the smell from when I walked into a McDonald's in

911
00:56:31,996 --> 00:56:34,326
Baltimore once, like, uh, never again.

912
00:56:35,176 --> 00:56:35,676
yeah,

913
00:56:37,006 --> 00:56:37,856
It was horrible.

914
00:57:54,774 --> 00:57:59,984
I'm thinking, uh, one thing that might be slightly controversial amongst Bitcoiners

915
00:58:00,084 --> 00:58:05,634
even is that I see this tendency sometimes Uh, with Bitcoiners that, uh, as soon as

916
00:58:05,634 --> 00:58:11,964
they realize that the state is lying to them and the fiat ruins all the incentives

917
00:58:12,044 --> 00:58:19,994
and that we live in this giant, uh, non truthful entangled thing where, where

918
00:58:20,434 --> 00:58:27,854
it's very hard to find the truth, they, they immediately abandon Uh, like all

919
00:58:27,854 --> 00:58:32,604
their old theories and they cling on to whatever Alex Jones said instead.

920
00:58:33,064 --> 00:58:36,694
Uh, so like, and to me that, that is just as lazy as

921
00:58:36,694 --> 00:58:38,224
believing in what the state says.

922
00:58:38,594 --> 00:58:44,394
So, uh, so just, just hopping on to the most popular conspiracy

923
00:58:44,424 --> 00:58:46,084
theory or whatever you may call it.

924
00:58:46,104 --> 00:58:51,659
So what, what, what, so how, how, How to find signal in a noisy world.

925
00:58:51,659 --> 00:58:55,527
This is, uh, Jeff wrote an article about this once to me that like

926
00:58:55,567 --> 00:59:00,667
Bitcoin is not a signal in itself, but it's a noise remover and that it, it

927
00:59:00,847 --> 00:59:02,887
provides you with like truth goggles.

928
00:59:02,967 --> 00:59:07,207
Uh, you can see a clearer what's going on and who has the incentive to do what.

929
00:59:07,707 --> 00:59:10,507
But I see some Bitcoiners that I have just.

930
00:59:11,482 --> 00:59:13,232
Uh, just discovered bitcoin.

931
00:59:13,712 --> 00:59:17,922
Instead of, instead of think, actually thinking for themselves, they, they just

932
00:59:17,922 --> 00:59:21,982
start parroting whatever the, the most popular bitcoiner at the time is saying,

933
00:59:21,992 --> 00:59:24,172
like, uh, so do you see a risk there?

934
00:59:24,182 --> 00:59:26,652
Like, what's your way of navigating that?

935
00:59:27,712 --> 00:59:30,552
Well, first off, I absolutely love Jeff Booth's work.

936
00:59:30,552 --> 00:59:36,602
If I were going to give anybody, if, if anybody wanted some references

937
00:59:36,602 --> 00:59:39,847
and was willing to put in the time, I would say the two of them.

938
00:59:40,227 --> 00:59:44,107
And so, all of these pieces of work that you should digest is Jeff Booth's

939
00:59:44,137 --> 00:59:48,687
book, The Price of Tomorrow, and then the Sailor series on 1x, too.

940
00:59:48,687 --> 00:59:51,357
Everybody in there, fucking high time preference, trying

941
00:59:51,357 --> 00:59:52,193
to 3x through that shit.

942
00:59:52,193 --> 00:59:55,647
No, you need to listen to it on 1x, and you probably need to listen

943
00:59:55,657 --> 00:59:57,867
to it three or four times because every time you do, you're going

944
00:59:57,867 --> 00:59:59,047
to have more lightbulb moments.

945
00:59:59,767 --> 01:00:00,537
And so,

946
01:00:00,892 --> 01:00:01,132
that.

947
01:00:01,162 --> 01:00:03,042
Those are both extremely good.

948
01:00:03,642 --> 01:00:11,192
Yes, and so, um, one of the things that I really love about Jeff Booth's message

949
01:00:11,502 --> 01:00:17,222
is, is he does really hammer on the drum of if you're yelling at the clown

950
01:00:17,232 --> 01:00:19,462
world, you're only strengthening it.

951
01:00:19,532 --> 01:00:24,327
If you spend any time participating and combating in the clown world, And

952
01:00:24,327 --> 01:00:26,737
I refer to it as the old world, really.

953
01:00:26,737 --> 01:00:27,247
This is B.

954
01:00:27,247 --> 01:00:27,477
B.

955
01:00:27,477 --> 01:00:29,187
This is the before Bitcoin world.

956
01:00:29,467 --> 01:00:29,947
It's A.

957
01:00:29,947 --> 01:00:30,177
B.

958
01:00:30,177 --> 01:00:30,417
now.

959
01:00:30,417 --> 01:00:31,357
It's after Bitcoin.

960
01:00:31,387 --> 01:00:33,297
It's a fundamentally different reality.

961
01:00:33,597 --> 01:00:35,557
I'll even get a little metaphysical.

962
01:00:35,677 --> 01:00:40,067
I feel like Satoshi, like, literally changed the fabric of our reality by

963
01:00:40,587 --> 01:00:44,817
inversing the incentive structure at the base layer from violence to peace.

964
01:00:44,817 --> 01:00:48,107
And it's a fundamentally different reality now.

965
01:00:48,107 --> 01:00:50,647
And the incentive, you get paid to do the ethical thing.

966
01:00:50,957 --> 01:00:56,702
And so, Yeah, I think that as the, well, I think a few things are happening when

967
01:00:56,702 --> 01:01:03,082
people go into, when they come into Bitcoin and you're looking at the world

968
01:01:03,152 --> 01:01:07,702
through the lens of Bitcoin, or it's almost actually in some sense too, on

969
01:01:07,702 --> 01:01:12,192
that like metaphysical front, it's almost like you're standing on solid ground.

970
01:01:12,647 --> 01:01:17,527
We live in a reality where everything is in flux, everything within the

971
01:01:17,527 --> 01:01:21,487
marketplace, everything within the world is all a variable, if you

972
01:01:21,497 --> 01:01:26,187
think about it mathematically, and then interstage left a constant.

973
01:01:26,747 --> 01:01:31,607
You got this time chain, tick tock, next block, predetermined supply issuance,

974
01:01:31,647 --> 01:01:35,377
these coins are locked in time, it doesn't matter what the hash rate is, it doesn't

975
01:01:35,377 --> 01:01:38,847
matter if every government and every person on planet earth starts mining

976
01:01:38,847 --> 01:01:44,607
coins, the issuance is the same, it's this, it's this constant, it's this solid

977
01:01:44,617 --> 01:01:50,777
ground, it's this truth, it's this land of like, realness or something, I don't know,

978
01:01:50,777 --> 01:01:52,517
I can't come up with a better explanation.

979
01:01:53,082 --> 01:01:56,942
A better metaphor, but you're looking at the world through the lens of

980
01:01:57,002 --> 01:01:58,842
truth, through the lens of Bitcoin.

981
01:01:58,842 --> 01:02:03,032
It's this, I wear, sometimes I wear my orange lens glasses cause it's just,

982
01:02:03,092 --> 01:02:06,212
it's, you know, it's fun and they're blue blocking and whatever, but like

983
01:02:06,212 --> 01:02:11,022
it's the, it's, it's the literal, it's the literal, uh, implementation of like

984
01:02:11,052 --> 01:02:14,492
this metaphorical way of looking at the bright orange future, looking at

985
01:02:14,492 --> 01:02:18,232
the world through the lens of Bitcoin and it, and it makes things better.

986
01:02:18,652 --> 01:02:19,942
Totally truth goggles, right?

987
01:02:20,182 --> 01:02:21,292
It makes things clear.

988
01:02:21,292 --> 01:02:23,552
You can see all of the lunacy.

989
01:02:24,222 --> 01:02:27,372
And so I think that what happens is, is when people start to look at the world.

990
01:02:27,857 --> 01:02:31,517
Newfound bitcoiners, when they start to look at the world through the lens of this

991
01:02:31,537 --> 01:02:38,517
truth, they see all of this dishonesty and then it kind of is like the pendulum

992
01:02:38,517 --> 01:02:43,337
effect where you swing from one direction too extreme to the other direction,

993
01:02:43,337 --> 01:02:46,907
but eventually you're going to land right in this like perfect little spot.

994
01:02:46,947 --> 01:02:52,367
And then also, I think though, That the more that the government or the powers

995
01:02:52,367 --> 01:02:57,487
that be, the most important entities that were indoctrinated and told to

996
01:02:57,487 --> 01:03:01,887
believe from a young age, the more you rea the more that they lie and the

997
01:03:01,887 --> 01:03:04,597
larger their lies get, the more distrust.

998
01:03:04,617 --> 01:03:06,547
Now people are like, is the world flat?

999
01:03:06,547 --> 01:03:08,067
Did we ever go to the moon?

1000
01:03:08,087 --> 01:03:11,417
Like, it's just literally the government comes out and says, Hey, you gotta, you

1001
01:03:11,417 --> 01:03:16,512
gotta take these, These uh, jabs, and we got this disgusting disease that's gonna

1002
01:03:16,512 --> 01:03:20,032
kill all of humanity, you gotta lock the whole world down, and then everybody

1003
01:03:20,032 --> 01:03:24,212
realizes like, wait a second, it seems like this is the flu, and people aren't

1004
01:03:24,352 --> 01:03:28,822
fucking dying like crazy, and actually more people are getting injured from, from

1005
01:03:28,822 --> 01:03:33,002
this medical procedure than they are from the disease, and it just, it just wrecks

1006
01:03:33,002 --> 01:03:37,272
people's, now they don't know what to believe, they mistrust everything, and so,

1007
01:03:37,902 --> 01:03:42,802
I think that you have the pendulum effect, and then also the more the government

1008
01:03:43,292 --> 01:03:46,662
Lies, and they might not sometimes.

1009
01:03:46,662 --> 01:03:50,012
I like how Saylor says it's well intentioned politicians.

1010
01:03:50,042 --> 01:03:51,632
Maybe they're well intentioned, maybe not.

1011
01:03:51,632 --> 01:03:54,992
I like to think that way because at least, like, it absolves me of thinking that

1012
01:03:54,992 --> 01:03:56,962
these are these evil, diabolical people.

1013
01:03:57,282 --> 01:04:01,502
He's like, you know, the best doctors in the world bled George

1014
01:04:01,502 --> 01:04:04,562
Washington to death thinking that they were solving his problems.

1015
01:04:05,262 --> 01:04:09,222
And so now I don't have so much distaste, you could say, for these people.

1016
01:04:09,242 --> 01:04:11,702
Another thing that Jeff Booth says, there is no they, it's just us.

1017
01:04:12,642 --> 01:04:13,012
Just us.

1018
01:04:13,082 --> 01:04:13,872
There's just people.

1019
01:04:13,882 --> 01:04:17,302
It's board of directors that have a fiduciary responsibility that

1020
01:04:17,302 --> 01:04:20,442
are doing what's good for the company and their shareholders.

1021
01:04:20,442 --> 01:04:23,782
It's a bunch of politicians that, you know, hey, if you got a little

1022
01:04:23,782 --> 01:04:27,042
insider information, you know that some new thing's gonna happen and

1023
01:04:27,052 --> 01:04:28,552
you could buy shares in this company.

1024
01:04:28,552 --> 01:04:30,532
Like, uh, you know, it's like.

1025
01:04:31,092 --> 01:04:31,552
I don't know.

1026
01:04:31,582 --> 01:04:37,372
So, yeah, I just think that the more people lie, and you're incentivized

1027
01:04:37,412 --> 01:04:41,652
to lie in the BB before Bitcoin world.

1028
01:04:41,712 --> 01:04:45,072
The sociopaths who don't give a fuck, who are willing to lie, cheat, and steal, and

1029
01:04:45,072 --> 01:04:47,662
kill, were the ones that won the game.

1030
01:04:47,862 --> 01:04:51,212
That's why we're all so broken inside, because if you're moral and ethical,

1031
01:04:51,432 --> 01:04:54,492
you know that you're at a market disadvantage against people who are

1032
01:04:54,492 --> 01:04:56,052
willing to lie, and steal, and cheat.

1033
01:04:56,427 --> 01:05:00,017
And then some weird thing, it breaks in our society where we celebrate

1034
01:05:00,147 --> 01:05:02,057
scumbags like Jordan Belford.

1035
01:05:02,357 --> 01:05:06,137
This guy's famous for ripping people off, and he's the Wolf of Wall Street.

1036
01:05:06,157 --> 01:05:07,987
Everyone wants to listen to his podcasts.

1037
01:05:08,377 --> 01:05:08,867
Why?

1038
01:05:08,887 --> 01:05:09,957
He's a shitbag.

1039
01:05:10,327 --> 01:05:12,937
I know, let's defund this motherfucker,

1040
01:05:13,227 --> 01:05:15,277
Yeah, didn't you see the movie?

1041
01:05:15,327 --> 01:05:17,727
Like, that's like, what the fuck is wrong with people?

1042
01:05:17,727 --> 01:05:19,167
Why are they still listening to it?

1043
01:05:19,987 --> 01:05:21,037
me crazy, dude.

1044
01:05:21,387 --> 01:05:22,067
It drives me crazy.

1045
01:05:22,097 --> 01:05:25,627
So I love what Jeff Booth says, you know, don't pay attention to any of that stuff.

1046
01:05:25,627 --> 01:05:27,387
Don't, you're just making it stronger.

1047
01:05:27,387 --> 01:05:30,857
You, even if you're yelling at him, like if I start shitposting about how he's

1048
01:05:30,857 --> 01:05:32,657
a scumbag, it's just strengthening it.

1049
01:05:32,697 --> 01:05:34,957
Energy flows where attention goes.

1050
01:05:35,557 --> 01:05:37,767
And so where you're putting attention, you're, you're

1051
01:05:37,867 --> 01:05:39,497
strengthening whatever that is.

1052
01:05:39,497 --> 01:05:41,197
And so that could be positive or negative.

1053
01:05:42,232 --> 01:05:47,142
The mind meld here is so, if you knew, uh, like I'm going to tell

1054
01:05:47,142 --> 01:05:50,982
you in a sec, but first I'd like to say, like, I don't believe that

1055
01:05:51,202 --> 01:05:53,472
absolute power corrupts absolutely.

1056
01:05:53,752 --> 01:05:58,282
I don't, I don't believe that if you gave me or Luke or yourself a money

1057
01:05:58,282 --> 01:06:01,562
printer, that we would just start printing money for our own benefit.

1058
01:06:01,782 --> 01:06:02,472
I don't believe that.

1059
01:06:02,712 --> 01:06:08,022
I believe absolute power attracts those who are already absolutely corrupted.

1060
01:06:08,022 --> 01:06:09,237
I That's what happens.

1061
01:06:10,107 --> 01:06:11,377
I really like that.

1062
01:06:11,632 --> 01:06:13,312
That's what happens with Bitcoiners.

1063
01:06:13,332 --> 01:06:16,222
When you have conversations with Bitcoiners, you realize that you're

1064
01:06:16,742 --> 01:06:20,752
like, you can come at problems from different angles and totally different

1065
01:06:20,762 --> 01:06:24,822
backgrounds and totally different, but we're all thinking people and

1066
01:06:24,822 --> 01:06:27,082
we come to the same conclusions.

1067
01:06:27,682 --> 01:06:30,892
And to me, that's just, like, when you, when you described it, I'm almost

1068
01:06:30,932 --> 01:06:36,472
getting goosebumps here because of, like, we're, we're, we're part of the

1069
01:06:36,472 --> 01:06:40,542
same entity now, we are the Satoshis, we're, we're, like, there's this mind

1070
01:06:40,552 --> 01:06:45,152
meld that is just so fucking profound, and it's all about human connections.

1071
01:06:45,672 --> 01:06:46,402
So beautiful.

1072
01:06:47,223 --> 01:06:50,793
no, it's a, it's like a grand calibrate, calibration.

1073
01:06:51,193 --> 01:06:53,273
It's calibrating humanity.

1074
01:06:53,273 --> 01:06:58,942
It's like, The county has to come once a year to the farm, and they

1075
01:06:58,943 --> 01:07:05,043
have like, white gloves, and they have this weight set, and they're putting

1076
01:07:05,093 --> 01:07:09,723
these weights onto the scale, and then they're telling the scale that this is

1077
01:07:10,023 --> 01:07:16,373
a thousand grams, this And so they're calibrating the scale, it's like without

1078
01:07:16,423 --> 01:07:18,723
Bitcoin, we're out of calibration.

1079
01:07:18,863 --> 01:07:21,693
We don't know what's uh, what's, what's accurate or not.

1080
01:07:21,703 --> 01:07:25,803
And so there's this grand calibration that I think's taking place as

1081
01:07:25,803 --> 01:07:27,983
a result of, of this constant.

1082
01:07:28,643 --> 01:07:31,763
Entering the marketplace, this incorruptible protocol that we

1083
01:07:31,763 --> 01:07:36,063
can all tether ourselves to in a very meaningful, deep way.

1084
01:07:36,453 --> 01:07:39,193
Um, I think of it, uh, Eric Cason, you know what I'm saying?

1085
01:07:39,193 --> 01:07:41,973
It's just interesting how we're like a culmination of all the people that

1086
01:07:41,973 --> 01:07:46,033
we expose ourselves to, and you can kind of tell who's listening to who by

1087
01:07:46,033 --> 01:07:47,893
what vernacular they use and whatever.

1088
01:07:48,868 --> 01:07:56,648
Anyways, because, because our money is, as Saylor would put it, our economic energy,

1089
01:07:57,288 --> 01:08:00,098
is a representation of life force exerted.

1090
01:08:00,458 --> 01:08:02,788
It's the most powerful form of energy.

1091
01:08:02,828 --> 01:08:06,618
Whatever you're channeling your energy into to harness that is, is like

1092
01:08:06,648 --> 01:08:08,698
the most meaningful in some sense.

1093
01:08:08,698 --> 01:08:09,018
Right?

1094
01:08:09,308 --> 01:08:11,378
And in this case, it's the money.

1095
01:08:11,378 --> 01:08:12,748
The money is now true.

1096
01:08:12,758 --> 01:08:14,748
The money is now recalibrating.

1097
01:08:15,148 --> 01:08:15,648
And that's.

1098
01:08:16,533 --> 01:08:18,433
That's like the most powerful thing.

1099
01:08:18,433 --> 01:08:24,203
And I also think, to get a little metaphysical, since, why not, Nikola

1100
01:08:24,203 --> 01:08:27,243
Tesla famously said if you want to understand the secrets of the

1101
01:08:27,243 --> 01:08:30,713
universe, you need to think in terms of energy, vibration, and frequency.

1102
01:08:31,033 --> 01:08:34,683
So everything is vibrating and it has its own frequency.

1103
01:08:35,193 --> 01:08:38,553
And I'm apprehensive to say it, but I'll just say it.

1104
01:08:38,763 --> 01:08:42,143
So I kind of, I, I like to think about life and it's kind of fun

1105
01:08:42,323 --> 01:08:44,353
through the lens of simulation theory.

1106
01:08:44,513 --> 01:08:44,763
Right?

1107
01:08:44,763 --> 01:08:49,063
And you could, you could just look at it like there's a creator or whatever.

1108
01:08:50,093 --> 01:08:54,373
And the idea with simulation theory is, is that if you look at virtual reality

1109
01:08:54,373 --> 01:08:58,833
and technology today, it's logical to think that at some point, whether that's

1110
01:08:58,843 --> 01:09:03,383
five years, 50 years, or 5, 000 years from now, it could be 5 million years.

1111
01:09:03,403 --> 01:09:07,283
It doesn't matter as long as we still exist and we're advancing technologically.

1112
01:09:07,833 --> 01:09:13,063
It's logical to think that we'll create a virtual reality that's indistinguishable.

1113
01:09:13,273 --> 01:09:14,333
from this reality.

1114
01:09:14,473 --> 01:09:15,953
You could call it base reality.

1115
01:09:16,573 --> 01:09:23,313
If that's the case, then it's actually not probable that we live in base reality.

1116
01:09:23,713 --> 01:09:27,653
So as a kid, I kind of used to think about religion in the sense of like, so

1117
01:09:27,653 --> 01:09:31,033
it's kind of like, okay, you come from this place, and we all intuitively know

1118
01:09:31,033 --> 01:09:35,223
there's like a difference between our physiology and our consciousness, or our

1119
01:09:35,383 --> 01:09:37,773
soul being, if you want to call it that.

1120
01:09:38,423 --> 01:09:42,023
And it's like, we come from this place, or at least there's a common

1121
01:09:42,043 --> 01:09:43,773
theme through all of history.

1122
01:09:44,218 --> 01:09:47,638
You come from a place You come into this, this body, this

1123
01:09:47,678 --> 01:09:49,138
experience, you live this life.

1124
01:09:49,138 --> 01:09:50,838
And then when you die, you go to a place.

1125
01:09:51,278 --> 01:09:54,048
Well, so I used to kind of think like, Oh, it's kind of like if you sat down

1126
01:09:54,048 --> 01:09:57,478
and you played a video game, like, you know, Hey, the three of us could be in a

1127
01:09:57,488 --> 01:10:02,128
living room somewhere in some parallel, far off dimension, universe, whatever.

1128
01:10:02,128 --> 01:10:04,278
And then we decided that we're going to sit down and we're

1129
01:10:04,278 --> 01:10:05,438
going to put on this headset.

1130
01:10:05,438 --> 01:10:09,088
We're going to play this game of planet earth, human experience together.

1131
01:10:09,088 --> 01:10:11,048
And there you are, you play this game.

1132
01:10:11,048 --> 01:10:12,858
It feels like a hundred years.

1133
01:10:13,308 --> 01:10:16,768
When it's done, it's over, you check out, it's game over, you take the

1134
01:10:16,768 --> 01:10:19,038
headset off, you're like, wow, that was really cool, like, that was an

1135
01:10:19,038 --> 01:10:20,568
interesting experience, or whatever.

1136
01:10:20,568 --> 01:10:25,408
And so, so if I think about life in the sense of like, if, is it possible that

1137
01:10:25,438 --> 01:10:30,448
this is a simulated reality, or, and then also another thing too is, Physicists and

1138
01:10:30,448 --> 01:10:35,218
scientists continue to dig deeper and try to figure out what are the building blocks

1139
01:10:35,288 --> 01:10:37,578
of this reality that we're living in.

1140
01:10:37,978 --> 01:10:40,868
They're starting to think that it's computer code.

1141
01:10:40,908 --> 01:10:45,708
Like the base layer fabric of our reality is becoming seemingly

1142
01:10:45,708 --> 01:10:47,398
indistinguishable from computer code.

1143
01:10:47,428 --> 01:10:49,968
I'm not a physicist or a world class scientist, but I've

1144
01:10:49,968 --> 01:10:50,878
heard people talk to this.

1145
01:10:51,328 --> 01:10:56,648
If that's the case in some interesting magical way, it's almost like

1146
01:10:56,648 --> 01:11:04,828
Satoshi fixed or completed Like, some, something that was either

1147
01:11:04,838 --> 01:11:09,508
broken or incomplete in our reality where the incentive was to violence.

1148
01:11:09,538 --> 01:11:13,478
He like, merged the physical world with the metaphysical world, and now that

1149
01:11:13,478 --> 01:11:19,218
we have, as Saylor puts it, matter in cyberspace, and you have this substance,

1150
01:11:19,218 --> 01:11:23,548
as he says, the hardest substance in the known universe, that you can custody,

1151
01:11:23,798 --> 01:11:31,798
that's hidden behind a hundred and twenty 6 or 200, 100, 128 or 256 bit encryption.

1152
01:11:32,428 --> 01:11:35,588
You can now custody this thing that if I kill you or someone

1153
01:11:35,588 --> 01:11:36,988
kills you, they don't get it.

1154
01:11:37,038 --> 01:11:38,558
So the incentive has changed.

1155
01:11:38,558 --> 01:11:43,798
It's like the code that that that's part of the base layer or the fabric

1156
01:11:43,798 --> 01:11:47,578
of our reality has been altered in a way that fundamentally changes

1157
01:11:47,578 --> 01:11:48,958
everything about this reality.

1158
01:11:49,538 --> 01:11:50,658
And that's a super.

1159
01:11:51,168 --> 01:11:53,078
Fascinating thing for me.

1160
01:11:53,258 --> 01:11:54,538
It's a little out there.

1161
01:11:54,538 --> 01:11:56,968
I I'm aware of that, but it's just an interesting thought.

1162
01:11:57,417 --> 01:11:58,997
We love out there thoughts here.

1163
01:11:58,997 --> 01:12:03,787
So I have a couple of brain ticklers here for you.

1164
01:12:04,777 --> 01:12:07,917
First of all, I would frame it as if computers were modeled after

1165
01:12:07,927 --> 01:12:09,337
reality because it's simple.

1166
01:12:09,767 --> 01:12:15,007
Like, the bit, the binary, Switch between one and zero.

1167
01:12:15,397 --> 01:12:19,647
That's like the smallest part of anything that can be imaginable,

1168
01:12:19,707 --> 01:12:21,377
like one out of two States.

1169
01:12:21,397 --> 01:12:24,497
You cannot imagine a smaller subset of anything.

1170
01:12:24,916 --> 01:12:29,046
so if that's true and we're living in a simulation and we now have

1171
01:12:29,046 --> 01:12:33,706
Bitcoin, so we have proof of work, which you cannot fake, right?

1172
01:12:34,606 --> 01:12:38,026
Would the proof of work algorithm eventually slow down the

1173
01:12:38,026 --> 01:12:39,636
simulation since you can't fake it?

1174
01:12:40,356 --> 01:12:43,096
You need, you need the computing power to do that.

1175
01:12:43,326 --> 01:12:49,306
And would the avatars living in the simulation experience that, uh,

1176
01:12:49,686 --> 01:12:55,496
contraction of time or not since they themselves would be slowed down too?

1177
01:12:56,896 --> 01:12:59,586
Gosh, that is really profound.

1178
01:12:59,766 --> 01:13:02,496
And you know, what comes to mind though, is the double slit experiment

1179
01:13:02,526 --> 01:13:07,266
in quantum physics, where the observer is affecting the outcome.

1180
01:13:07,626 --> 01:13:08,886
You have a particle.

1181
01:13:08,956 --> 01:13:15,606
So the wave collapses into a particle only when an observer observes

1182
01:13:17,806 --> 01:13:22,156
it, which is also to tie this back to earlier in our conversation.

1183
01:13:22,406 --> 01:13:27,916
If you're yelling at clown world, you're vibrating at a particular frequency

1184
01:13:27,916 --> 01:13:31,766
because every thought and everything has its own vibration, and you're

1185
01:13:31,846 --> 01:13:36,986
resonating with clown world, attracting more of clown world into your reality.

1186
01:13:37,351 --> 01:13:41,651
And I also believe that, like, at the, and this could totally be out there and not

1187
01:13:41,651 --> 01:13:45,861
the case, but at least it feels good to think this way, and it makes some sense,

1188
01:13:45,901 --> 01:13:53,381
and I can't really dispute the idea, if, if the double slit experiment is a real

1189
01:13:53,381 --> 01:13:58,751
thing, and the observer is affecting the reality, and we live in a world,

1190
01:13:58,861 --> 01:14:04,406
a universe, that's energy, vibration, and frequency based, and as you Think

1191
01:14:04,556 --> 01:14:08,466
more positive thoughts, those positive thoughts have a different vibration

1192
01:14:08,616 --> 01:14:12,846
or a different feeling associated with them, and then they cause you to behave

1193
01:14:13,326 --> 01:14:15,106
differently, more optimistically.

1194
01:14:15,206 --> 01:14:18,856
Now, as an example, you find bitcoin, you start to become excited, you realize

1195
01:14:18,856 --> 01:14:22,386
that there is enough abundance for all, where you have scarcity and money, you

1196
01:14:22,386 --> 01:14:23,776
create abundance in everything else.

1197
01:14:24,116 --> 01:14:26,686
You become more hopeful, you become more farsighted.

1198
01:14:26,821 --> 01:14:29,651
You start to behave differently, you think differently, you're

1199
01:14:29,651 --> 01:14:30,811
focused on different things.

1200
01:14:31,141 --> 01:14:35,941
I feel like collectively humanity is organizing itself around this

1201
01:14:36,041 --> 01:14:41,801
truth protocol, this indisputable ledger, an honest ledger, this list.

1202
01:14:42,021 --> 01:14:46,021
And it's like almost it's like tuning how we're vibrating because we're

1203
01:14:46,021 --> 01:14:51,171
all believing in this thing that on a, on a, It's like mass agreeance.

1204
01:14:51,171 --> 01:14:54,391
It's the largest thing that we've ever agreed upon that's indisputable,

1205
01:14:54,571 --> 01:14:57,781
like larger than religions, because every religion is kind of different.

1206
01:14:57,781 --> 01:14:58,681
There's a different version.

1207
01:14:58,681 --> 01:15:01,771
There's the New Testament, Old Testament, you're either this, you could be a Muslim,

1208
01:15:01,771 --> 01:15:03,221
you could be Jew, whatever it is, right?

1209
01:15:03,221 --> 01:15:06,451
And there's these differences within the story that we're

1210
01:15:06,451 --> 01:15:10,151
ideologically aligning with, but that's not the case with Bitcoin.

1211
01:15:10,601 --> 01:15:16,321
And so it's like almost upregulating how we vibrate or how we think.

1212
01:15:16,321 --> 01:15:22,021
And as a result, We're more optimistic, we're behaving differently, and then if

1213
01:15:22,031 --> 01:15:27,421
you look at it through like the potential of a quantum world, we're literally

1214
01:15:27,441 --> 01:15:33,021
changing the direction of our civilization at hyper rate in both a very logical and

1215
01:15:33,021 --> 01:15:37,911
like non philosophical or metaphysical way of looking at it, but also in a very

1216
01:15:37,921 --> 01:15:40,841
woo woo or physical or metaphysical way.

1217
01:15:41,341 --> 01:15:46,381
We're like, at hyper rate, changing the direction of what's happening

1218
01:15:46,441 --> 01:15:50,041
in this reality, and I think that that's a very powerful and

1219
01:15:50,051 --> 01:15:51,991
fascinating thing to think about.

1220
01:15:52,701 --> 01:15:56,841
It's a little out there, but like, it's inspiring, and it also, it ties into

1221
01:15:56,841 --> 01:16:04,266
something like, I don't believe that we're in for a A 61 0 2 attack by nation states.

1222
01:16:04,326 --> 01:16:07,686
And I know a lot of prominent, very intelligent, some of my favorite

1223
01:16:07,686 --> 01:16:11,916
people, as a matter of fact, in the world, believe that the government's

1224
01:16:11,916 --> 01:16:13,506
gonna come after the coins.

1225
01:16:13,506 --> 01:16:14,496
They're gonna 61 0 2.

1226
01:16:14,496 --> 01:16:17,046
This is a threat to the system and the whole thing.

1227
01:16:17,051 --> 01:16:20,346
And I think about it all the time, and the more and more I think

1228
01:16:20,346 --> 01:16:23,016
about it, the less that I think that that's actually the case.

1229
01:16:24,106 --> 01:16:28,766
And then that just layers on top of what I was just saying though, if you

1230
01:16:28,786 --> 01:16:33,136
believe something to be true, and you truly believe it, I believe that like,

1231
01:16:33,136 --> 01:16:39,086
it's like a vote for a different reality, and so I don't really want to put much

1232
01:16:39,106 --> 01:16:42,776
time or thought into that, although I have, and I've started to have,

1233
01:16:42,836 --> 01:16:47,001
develop a thesis that I can't dispute that Actually, this isn't a threat.

1234
01:16:47,011 --> 01:16:48,051
This is a solution.

1235
01:16:48,361 --> 01:16:51,021
This is bringing solvency back into an insolvent world.

1236
01:16:51,021 --> 01:16:53,361
It's bringing honesty back into a dishonest world.

1237
01:16:53,501 --> 01:16:55,051
There is no they, it's just us.

1238
01:16:55,271 --> 01:16:58,741
BlackRock is made up of people who have a fiduciary responsibility

1239
01:16:58,741 --> 01:17:00,211
to provide shareholder value.

1240
01:17:00,411 --> 01:17:03,881
They were buying single family homes as a result of the broken

1241
01:17:04,061 --> 01:17:05,471
fiat paradigm we came out of.

1242
01:17:05,471 --> 01:17:06,461
Now they're stacking sats.

1243
01:17:07,131 --> 01:17:08,351
Like, Bitcoin is good.

1244
01:17:08,556 --> 01:17:13,076
For central banking bloodlines, it's good for governments, it's good for no coiners.

1245
01:17:13,326 --> 01:17:16,426
The fact that I own Bitcoin and I don't own any, I don't even

1246
01:17:16,426 --> 01:17:17,626
own the house that I live in.

1247
01:17:17,686 --> 01:17:21,426
Like I sold my farm, I sold my, my, uh, my house.

1248
01:17:21,826 --> 01:17:26,336
I live in a rental and I plan on living in a rental until I'm absolutely forced like

1249
01:17:26,556 --> 01:17:30,526
60 years from now to buy a house because I think that they're terrible investments.

1250
01:17:31,266 --> 01:17:35,076
And so the fact that I don't own a home is downward price pressure on housing.

1251
01:17:35,076 --> 01:17:36,166
That's contributing to.

1252
01:17:36,881 --> 01:17:38,591
Making the housing more abundant.

1253
01:17:38,591 --> 01:17:42,641
The fact that BlackRock's stacking sats now is good for

1254
01:17:42,641 --> 01:17:43,991
Bitcoin, or good for people.

1255
01:17:43,991 --> 01:17:45,971
It's, it's, they're not buying more houses.

1256
01:17:45,981 --> 01:17:47,811
That's contributing to less homelessness.

1257
01:17:48,121 --> 01:17:51,161
And to think too that Larry Fink, for example, which I don't really know

1258
01:17:51,161 --> 01:17:54,941
anything about this individual other than he manages the largest hedge fund.

1259
01:17:55,971 --> 01:17:59,341
You could say, based upon the incentives within the system he

1260
01:17:59,341 --> 01:18:01,576
was operating with, He's a winner.

1261
01:18:01,846 --> 01:18:02,946
He won the game.

1262
01:18:03,096 --> 01:18:04,816
He figured out how to make the most.

1263
01:18:04,816 --> 01:18:08,646
He acquired the most stuff, and he made, makes the most fees

1264
01:18:08,646 --> 01:18:13,276
managing that stuff, and now the market is fundamentally different.

1265
01:18:13,386 --> 01:18:14,596
It's an A B world.

1266
01:18:14,626 --> 01:18:15,726
It's after Bitcoin.

1267
01:18:15,966 --> 01:18:21,146
Now the way to get the most is to stack your fucking ass off and you get punished

1268
01:18:21,326 --> 01:18:23,656
if you try to go against the protocol.

1269
01:18:23,846 --> 01:18:27,546
So why would he fork bitcoin when you could just stack the coins?

1270
01:18:27,776 --> 01:18:30,196
Why would you mine a 51 percent attack?

1271
01:18:30,196 --> 01:18:34,136
It's trillions of times more energy to try to attack the network than

1272
01:18:34,136 --> 01:18:35,746
it is to try to protect the network.

1273
01:18:35,986 --> 01:18:41,766
And so I believe in this is also why I think you could say the normies

1274
01:18:41,766 --> 01:18:46,316
are just your everyday person who has the inability to understand bitcoin.

1275
01:18:46,346 --> 01:18:47,606
I think it's predicated.

1276
01:18:47,966 --> 01:18:53,886
Upon the idea, or for everything for all of known history, as far

1277
01:18:53,886 --> 01:18:55,916
as we know, has been corruptible.

1278
01:18:56,326 --> 01:19:00,006
And now that we have, you know, one of the things I love Breedlove has said, I've

1279
01:19:00,016 --> 01:19:04,486
heard him say this several times, Bitcoin is the discovery of incorruptibility.

1280
01:19:04,486 --> 01:19:06,716
It's an incorruptible protocol.

1281
01:19:07,151 --> 01:19:09,181
People can't wrap their minds around that.

1282
01:19:09,181 --> 01:19:10,341
They're just like, no, I don't get it.

1283
01:19:10,341 --> 01:19:15,051
It's just like hardwired into our genetic code to mistrust something like that.

1284
01:19:15,051 --> 01:19:18,461
That's seemingly too good to be true because our ancestors who

1285
01:19:18,461 --> 01:19:22,191
bought into that stuff typically got killed and had their shit stolen.

1286
01:19:22,401 --> 01:19:26,656
So the people who were evolutionary successful, successful were.

1287
01:19:27,146 --> 01:19:28,116
This is very suspicious.

1288
01:19:28,656 --> 01:19:30,206
So we have a tough time thinking that.

1289
01:19:30,226 --> 01:19:34,876
And then I'll leave that thought, I'll wrap it with this, if a sociopath

1290
01:19:34,886 --> 01:19:38,516
who doesn't give a fuck who will lie, cheat, steal, and kill to get

1291
01:19:38,516 --> 01:19:45,086
the most is capable of that level of scumbaggery, I would argue you.

1292
01:19:45,731 --> 01:19:49,801
That they don't get off on doing the evil thing, they just don't give

1293
01:19:49,801 --> 01:19:51,551
a fuck, they want to get the most.

1294
01:19:52,171 --> 01:19:56,741
Well, they're almost more predisposed and primed to just do whatever to get

1295
01:19:56,741 --> 01:20:01,301
the most, and now, let's figure out how to make a fasting computer chip, figure

1296
01:20:01,301 --> 01:20:05,051
out how to find cheaper electricity, figure out how to sell all your shitty

1297
01:20:05,061 --> 01:20:10,571
dollar derivative assets, and plow into bitcoin, which is good for everybody.

1298
01:20:10,746 --> 01:20:14,536
And so why would BlackRock all, why would Larry Fink all of a sudden start,

1299
01:20:14,986 --> 01:20:17,736
start bringing in a losing strategy?

1300
01:20:17,946 --> 01:20:21,586
No, he woke up to the idea that Bitcoin's for real and he's stacking sats.

1301
01:20:21,808 --> 01:20:23,453
Oh, much to unpack.

1302
01:20:23,663 --> 01:20:25,543
I'll start by saying I totally agree with you.

1303
01:20:25,573 --> 01:20:27,713
I don't believe CBDCs will ever happen.

1304
01:20:28,123 --> 01:20:32,623
I don't believe, uh, I, I believe we have already won and I believe

1305
01:20:32,623 --> 01:20:38,293
this vortex of incentives is, and just us being optimistic is actually

1306
01:20:38,293 --> 01:20:39,963
helping that come to fruition.

1307
01:20:40,473 --> 01:20:44,243
Uh, I believe that the, then again, the, uh, the focus creating

1308
01:20:44,243 --> 01:20:46,753
reality, I think there's, there are two different things here.

1309
01:20:47,203 --> 01:20:51,723
One is on a more practical level, and if we don't talk quantum at all here, uh,

1310
01:20:51,753 --> 01:20:56,863
I think, uh, an organization like Just Stop Oil, when they throw paint at new

1311
01:20:57,193 --> 01:21:03,143
paintings in museums, or even, or the yellow vests, if we take a, uh, an example

1312
01:21:03,153 --> 01:21:07,913
from the other side of the political isles in France, just destroying Paris.

1313
01:21:08,463 --> 01:21:14,233
The thing in protests, or the farmers, wherever they are, in Germany or in

1314
01:21:14,283 --> 01:21:17,993
Holland or whatever, they may change a policy or two, but what they're really

1315
01:21:17,993 --> 01:21:24,833
doing by, by, uh, you know, putting a cost to the overall economy of these nation

1316
01:21:24,833 --> 01:21:30,253
states, is that they incentivize that, uh, government and that central bank to print

1317
01:21:30,283 --> 01:21:33,123
even more, so they reinforce the system.

1318
01:21:33,368 --> 01:21:37,238
By trying to fight it, because the remedy from the system is

1319
01:21:37,238 --> 01:21:38,608
always to print more money.

1320
01:21:38,908 --> 01:21:44,138
So it's very, like, practically connected in Newtonian physics, if

1321
01:21:44,138 --> 01:21:46,518
you will, and not quantum physics.

1322
01:21:47,038 --> 01:21:51,388
However, this focus creating reality is extremely interesting.

1323
01:21:51,618 --> 01:21:56,178
Uh, as well, because we don't know to which extent the mind creates reality.

1324
01:21:56,458 --> 01:22:00,038
And the thing that's often left out of the, uh, of the double slit experiment

1325
01:22:00,068 --> 01:22:05,528
and the observer is that the eye, uh, the retina, everything in you and in

1326
01:22:05,528 --> 01:22:08,728
your brain is a quantum particle too.

1327
01:22:08,968 --> 01:22:13,738
So the particle you're observing is observing you and altering the

1328
01:22:13,738 --> 01:22:16,948
state of you at the same time.

1329
01:22:17,178 --> 01:22:18,188
So reality.

1330
01:22:18,513 --> 01:22:24,933
Creates, so a subjective reality creates objective reality and vice versa.

1331
01:22:25,233 --> 01:22:29,923
So I think the whole dichotomy of, of, uh, dichotomy of subjective, objective,

1332
01:22:30,293 --> 01:22:34,343
that is my, where we might get it wrong.

1333
01:22:34,723 --> 01:22:38,763
So there's this theory called the meme theory of everything, that the

1334
01:22:38,763 --> 01:22:45,463
reality we experience is just where our individual consciousnesses is.

1335
01:22:45,788 --> 01:22:52,058
Collide, and where we can, uh, uh, agree on a, a objective reality

1336
01:22:52,058 --> 01:22:55,998
because the objective reality agrees with us because it's an observer too.

1337
01:22:56,418 --> 01:23:00,698
So, so you have this thing, uh, and therefore when we look out into

1338
01:23:00,698 --> 01:23:06,108
space and to things that are too far off for our, for our minds to sync

1339
01:23:06,108 --> 01:23:10,768
with, we don't see other life forms and we don't see other, we see these

1340
01:23:10,808 --> 01:23:13,398
weird galaxies and stuff because.

1341
01:23:14,888 --> 01:23:17,358
They're simply too far away for us to sync with.

1342
01:23:17,378 --> 01:23:18,848
So there's no mind meld there.

1343
01:23:18,898 --> 01:23:23,278
There's like, there's like a hash horizon for the, for the mind, just as

1344
01:23:23,278 --> 01:23:25,048
there is a hash horizon for Bitcoin.

1345
01:23:25,058 --> 01:23:27,798
You can't mine Bitcoin on Mars because Mars is too far

1346
01:23:27,798 --> 01:23:29,208
away to sync with the network.

1347
01:23:29,658 --> 01:23:30,778
And this might be.

1348
01:23:31,268 --> 01:23:36,998
Somewhat akin to how our minds work that we're, we're sort of, uh, there's

1349
01:23:37,018 --> 01:23:42,548
some chain, uh, happening where we agree on a certain timeline and that's

1350
01:23:42,598 --> 01:23:46,718
the timeline we end up in, and that becomes the consensus timeline of

1351
01:23:46,978 --> 01:23:49,928
earth and that's what we live in.

1352
01:23:50,528 --> 01:23:54,978
So, yeah, there, there's, there's so much to think about when it comes

1353
01:23:54,978 --> 01:23:57,748
to that stuff, but, but I think.

1354
01:23:58,168 --> 01:24:04,068
Even, even if you don't go all, uh, you know, armchair philosopher slash

1355
01:24:04,078 --> 01:24:09,478
physicist on the, on the quantum level, there are still like real world arguments

1356
01:24:09,478 --> 01:24:15,228
to be made for focusing on optimism since the negativity and, uh, giving

1357
01:24:15,228 --> 01:24:18,788
up actually does help the enemy win.

1358
01:24:19,398 --> 01:24:24,718
And I, I, I paraphrase Peterson and I say, uh, I act as if Bitcoin

1359
01:24:24,718 --> 01:24:26,718
exists because I think that.

1360
01:24:26,898 --> 01:24:31,768
You know, believing in Bitcoin, somewhat akin to believing in a god, uh,

1361
01:24:32,028 --> 01:24:34,558
helps Bitcoin come, become a reality.

1362
01:24:35,048 --> 01:24:41,288
Uh, in a, but with Bitcoin and not with a god, arguably, this is actually true.

1363
01:24:41,298 --> 01:24:45,998
It's provably true that I helped Bitcoin succeed by, by participating in it.

1364
01:24:46,763 --> 01:24:51,353
You know, while a guy in the sky might, might not necessarily be

1365
01:24:51,363 --> 01:24:53,173
more real because I believe in him.

1366
01:24:53,703 --> 01:24:58,193
Uh, so, so, so I act as if Bitcoin exists.

1367
01:24:58,243 --> 01:25:01,413
That's, uh, and I have good arguments for doing so.

1368
01:25:01,413 --> 01:25:03,773
That's, that's end of my rant.

1369
01:25:04,293 --> 01:25:09,093
Well, I think, I think about, so gosh, I really like that.

1370
01:25:09,513 --> 01:25:14,193
I think that we each all have our own individual personal realities.

1371
01:25:14,658 --> 01:25:18,598
That are separate, like my reality and my life experience is separate from

1372
01:25:18,598 --> 01:25:20,108
yours, and separate from yours, Luke.

1373
01:25:20,568 --> 01:25:26,308
And, but we come to this Mass reality, it's like, I call it consensual reality.

1374
01:25:26,358 --> 01:25:30,788
It's this place that we're consenting to, we're agreeing upon its existence.

1375
01:25:31,878 --> 01:25:36,208
And the thing that's so fascinating with Bitcoin from an ideological standpoint

1376
01:25:36,208 --> 01:25:44,523
or perspective is that it's the largest ideological protocol or story That's

1377
01:25:44,673 --> 01:25:48,473
crystal clear, no distortion, pure signal.

1378
01:25:48,583 --> 01:25:51,923
Everyone who runs a node is looking at the same list.

1379
01:25:52,493 --> 01:25:58,703
And so it's aligning humanity and clarifying our consensual reality

1380
01:25:59,113 --> 01:26:02,493
on a level on which we've never seen in all of known history.

1381
01:26:03,153 --> 01:26:05,403
I don't know if I said that the best, but I think you get the point.

1382
01:26:05,403 --> 01:26:07,293
And that's very powerful.

1383
01:26:07,553 --> 01:26:07,793
Yeah.

1384
01:26:07,793 --> 01:26:13,433
And it's both just from a very new, yeah, Newtonian, very literal, physical.

1385
01:26:13,828 --> 01:26:18,118
Nothing metaphysical, not quantum at all on that level.

1386
01:26:18,118 --> 01:26:20,518
It's really easy to just understand, Hey, there's this list

1387
01:26:20,518 --> 01:26:22,088
that everybody's agreeing upon.

1388
01:26:22,088 --> 01:26:26,648
It's an honest ledger and there's nobody, nobody's looking at a dishonest version.

1389
01:26:26,898 --> 01:26:31,178
If you fork it, it's like you can go live in the corner ball by yourself in your own

1390
01:26:31,178 --> 01:26:33,238
little reality with your own little fork.

1391
01:26:33,238 --> 01:26:33,998
And you could go.

1392
01:26:34,278 --> 01:26:38,908
Do your thing and it's just like you want to go live in la la land and if you're a

1393
01:26:38,918 --> 01:26:42,968
biological male and you want the rest of the world to think you're a female like

1394
01:26:43,278 --> 01:26:46,798
we're not going to agree upon that you can go live over by yourself that's totally

1395
01:26:46,798 --> 01:26:51,728
cool you could have your hard forked reality that's fine but but most people

1396
01:26:51,728 --> 01:27:00,138
are agreeing upon this reality and so I think it's very I don't know calibrating

1397
01:27:00,328 --> 01:27:03,668
It's like recalibrating us, it's just bringing us back to truth, I guess is,

1398
01:27:03,938 --> 01:27:05,348
you know, would be the best way to say it.

1399
01:27:05,358 --> 01:27:08,628
It's just, it's the large, it's capital T truth in honor of Cason.

1400
01:27:08,678 --> 01:27:11,718
It's like the largest truth we've ever had.

1401
01:27:11,718 --> 01:27:16,148
It's indisputable and it's bringing clarity to that consensual reality that

1402
01:27:16,148 --> 01:27:18,478
we live in, that we're all agreeing to.

1403
01:27:18,873 --> 01:27:23,533
We're, we're, we're not all Satoshi, but we can all identify as our Satoshis.

1404
01:27:24,243 --> 01:27:25,913
Yeah, I like that.

1405
01:27:26,863 --> 01:27:27,526
I like that.

1406
01:27:27,682 --> 01:27:28,962
Except for Craig Wright,

1407
01:27:29,157 --> 01:27:29,537
Yes.

1408
01:27:29,587 --> 01:27:30,947
Except for Craig Wright.

1409
01:27:31,707 --> 01:27:35,757
Uh, we're allowed to say that too now.

1410
01:27:35,807 --> 01:27:36,007
Yeah.

1411
01:27:36,007 --> 01:27:36,267
Yeah.

1412
01:27:36,727 --> 01:27:42,457
The court has been as like, even a judge has told us now, so it must

1413
01:27:42,457 --> 01:27:44,957
be true since the court said anyway.

1414
01:27:46,872 --> 01:27:48,192
Sight of transactions!

1415
01:27:48,832 --> 01:27:50,112
Sight of transactions, dude.

1416
01:27:50,122 --> 01:27:51,242
That's all it's done.

1417
01:27:51,977 --> 01:27:52,407
Yes.

1418
01:27:53,782 --> 01:27:56,622
Luke, do you have any additional questions for Eric?

1419
01:27:56,762 --> 01:27:58,842
Uh, it's time to let you in, I think.

1420
01:27:58,842 --> 01:28:00,862
We've been going on for one and a half hours here.

1421
01:28:01,137 --> 01:28:02,857
Hey man, yeah, this has been awesome.

1422
01:28:02,857 --> 01:28:04,687
Uh, yeah, you can, you can really go.

1423
01:28:04,687 --> 01:28:05,487
This is great.

1424
01:28:05,507 --> 01:28:11,027
It's, it's clear you've absorbed so much of the material here.

1425
01:28:11,067 --> 01:28:14,597
Some, it's impressive you rattling off, uh, you know, this and

1426
01:28:14,597 --> 01:28:17,037
that quote from everyone really.

1427
01:28:17,037 --> 01:28:18,157
It's, it's, it's awesome.

1428
01:28:18,557 --> 01:28:23,552
Uh, hey, I, I, I think, I think, We've covered loads here.

1429
01:28:23,552 --> 01:28:26,862
I think what I'm, what I'm interested in, what is it you're working

1430
01:28:26,862 --> 01:28:31,142
on now these days in Bitcoin and cannabis, whatever, tell us about it.

1431
01:28:31,883 --> 01:28:32,753
That's a great question.

1432
01:28:32,763 --> 01:28:33,703
I appreciate that.

1433
01:28:33,813 --> 01:28:37,093
Uh, and this conversation has been really awesome, by the way.

1434
01:28:37,143 --> 01:28:41,263
I just don't get to talk about this kind of stuff too often, so thank you.

1435
01:28:41,343 --> 01:28:42,893
Um, and it was really awesome.

1436
01:28:43,433 --> 01:28:46,593
It was really cool meeting you guys in Madeira, you know,

1437
01:28:46,693 --> 01:28:48,183
running into you at the party.

1438
01:28:48,183 --> 01:28:50,523
It was like, oh my goodness, I've been paid.

1439
01:28:50,543 --> 01:28:53,693
You guys are like, I have a one sided friendship with all of these people.

1440
01:28:53,853 --> 01:28:58,743
Fucking savage bitcoiners and that relationship's becoming two sided now,

1441
01:28:58,743 --> 01:29:00,493
you know, and so that's really awesome.

1442
01:29:00,493 --> 01:29:02,053
I, I'm very grateful for that.

1443
01:29:02,053 --> 01:29:08,813
And, um, yeah, so I have, uh, I've contributed my life force for the

1444
01:29:08,813 --> 01:29:13,643
last 15, 20 years to participate in the cannabis industry and, you

1445
01:29:13,643 --> 01:29:15,813
know, in my subtle infinitesimal way.

1446
01:29:16,148 --> 01:29:19,758
pushing back against prohibition because I believe cannabis should be an option

1447
01:29:19,758 --> 01:29:23,068
for people who want it and nobody should go to jail for having a plant, right?

1448
01:29:23,078 --> 01:29:27,328
And so, at this point, I think that the toothpaste is out of the tube

1449
01:29:27,328 --> 01:29:31,608
or we're past that tipping point and cannabis doesn't really need me.

1450
01:29:31,608 --> 01:29:35,398
There's a lot of die hard cannabis producers and there's an economic

1451
01:29:35,408 --> 01:29:40,068
incentive and as commoditization and federal legalization takes place,

1452
01:29:40,068 --> 01:29:45,913
we're It is going to get progressively harder for a small independent producer

1453
01:29:46,273 --> 01:29:47,933
to compete in the cannabis market.

1454
01:29:47,943 --> 01:29:51,593
And I have an aversion to climbing some corporate ladder.

1455
01:29:51,593 --> 01:29:54,743
You know, in the sailor series, he talks about commoditization

1456
01:29:54,743 --> 01:29:58,493
and his time at DuPont, they used to say commodity is a dirty word.

1457
01:29:59,013 --> 01:30:03,053
And the reason that this is such an issue for cannabis producers

1458
01:30:03,063 --> 01:30:06,853
specifically is as cannabis gets.

1459
01:30:07,343 --> 01:30:12,213
Produced, the supply increases relative to the demand, the margin

1460
01:30:12,243 --> 01:30:16,143
will fall and you'll have less margin and it's a real issue.

1461
01:30:16,143 --> 01:30:20,263
There's an existential crisis for cannabis producers as legalization takes place

1462
01:30:20,523 --> 01:30:22,763
and publicly traded companies come in.

1463
01:30:23,218 --> 01:30:26,878
They're going to drive the product down below the marginal

1464
01:30:26,878 --> 01:30:28,308
and variable cost of production.

1465
01:30:28,308 --> 01:30:31,468
And the way that they're going to do that is by selling shares to

1466
01:30:31,468 --> 01:30:33,178
the everyday person on Wall Street.

1467
01:30:33,228 --> 01:30:36,588
Your normal everyday American is going to buy shares in some new cannabis

1468
01:30:36,588 --> 01:30:39,568
outfit on Robin Hood with their iPhone.

1469
01:30:39,898 --> 01:30:42,598
And they're going to speculate because they have to, because

1470
01:30:42,598 --> 01:30:43,698
you can't save dollars.

1471
01:30:43,698 --> 01:30:47,468
And so people are incentivized to travel further out on the risk curve

1472
01:30:47,748 --> 01:30:49,058
with their investment strategy.

1473
01:30:49,058 --> 01:30:51,538
So they're going to throw a bunch of money at these new found cannabis.

1474
01:30:51,863 --> 01:30:55,423
Publicly traded companies, they're going to use that capital to build

1475
01:30:55,433 --> 01:30:57,293
infrastructure all over the country.

1476
01:30:57,493 --> 01:30:59,123
And then they're going to go to the banks.

1477
01:30:59,678 --> 01:31:05,328
Which have to loan more shitty fiat into existence, and they do so as debt against

1478
01:31:05,328 --> 01:31:10,358
assets, as debt against real estate, and debt against equities and companies.

1479
01:31:10,698 --> 01:31:17,213
So these companies now that have public retail money Are going to build

1480
01:31:17,213 --> 01:31:21,373
infrastructure and then borrow against their company valuations and their

1481
01:31:21,373 --> 01:31:26,323
infrastructure to get more fiat to then run their businesses at a loss,

1482
01:31:26,333 --> 01:31:28,263
which is a very consolidating force.

1483
01:31:28,263 --> 01:31:30,733
And they're going to use that capital to buy up small mom

1484
01:31:30,753 --> 01:31:32,073
pops for pennies on the dollar.

1485
01:31:32,813 --> 01:31:33,503
And so.

1486
01:31:34,033 --> 01:31:39,363
The antidote to that is bitcoin is a treasury reserve asset.

1487
01:31:40,043 --> 01:31:42,763
And so cannabis doesn't need me anymore.

1488
01:31:42,763 --> 01:31:44,153
I'm kind of losing the power.

1489
01:31:44,193 --> 01:31:47,233
I'm very, I've been very passionate about producing cannabis and

1490
01:31:47,233 --> 01:31:48,953
it's been a lot of fun for me.

1491
01:31:48,953 --> 01:31:52,793
And I've learned a lot about how the world works and how nature works and how

1492
01:31:52,793 --> 01:31:57,503
the forest floor works and the mycelium and the microecology and microbiology

1493
01:31:57,513 --> 01:31:59,343
in us, on us, around us, and everywhere.

1494
01:31:59,873 --> 01:32:02,818
Plant life, the cycles, cannabis kind of thing.

1495
01:32:03,218 --> 01:32:08,788
Helped to, um, lengthen my time perspective as a result of, you know,

1496
01:32:08,788 --> 01:32:12,788
you only get so many crops in a year or you get one outdoor crop in a year.

1497
01:32:12,788 --> 01:32:15,458
And so I've learned a lot from cannabis and I've been very passionate about

1498
01:32:15,458 --> 01:32:20,458
that, but I want to pivot my energy and my life force to participating in this

1499
01:32:20,518 --> 01:32:25,578
beautiful thing that's taking place with Bitcoin and help use my story as

1500
01:32:25,578 --> 01:32:28,778
far as some of the challenges that I experienced, some of the trauma that

1501
01:32:28,778 --> 01:32:30,548
I experienced as a result of like.

1502
01:32:30,838 --> 01:32:36,348
Loss of family members in the fiat world and the broken incentives, and then just

1503
01:32:36,808 --> 01:32:42,138
the economic forces that I've had to contend with as being a commodity producer

1504
01:32:42,218 --> 01:32:45,988
with a commodity that's coming out of prohibition and the margins are dropping.

1505
01:32:46,618 --> 01:32:50,818
And so I want to help, help to promote the Bitcoin knowledge

1506
01:32:50,828 --> 01:32:52,368
base to people who really need it.

1507
01:32:52,748 --> 01:32:56,148
And I'm not hubristic enough in any sense to think I'm going to come into the

1508
01:32:56,148 --> 01:32:58,468
Bitcoin space and provide some epic value.

1509
01:32:58,638 --> 01:33:01,638
I'm just so fucking grateful for this thing, I want to be a part of it.

1510
01:33:01,858 --> 01:33:03,498
I'm just happy to be a part of it.

1511
01:33:03,498 --> 01:33:08,923
And so I want to contribute the rest of my Life in whatever way I can to

1512
01:33:09,793 --> 01:33:13,623
being part of that peaceful Bitcoin revolution, this new paradigm shift.

1513
01:33:13,623 --> 01:33:17,383
And so I have a couple Bitcoin business ideas, um, and I'm just

1514
01:33:17,383 --> 01:33:19,033
going to keep pumping out videos.

1515
01:33:19,033 --> 01:33:22,703
I make videos, I've been posting them on Twitter and I'm going to start

1516
01:33:22,703 --> 01:33:27,343
putting them on Nostr and YouTube and all the, all the social media platforms.

1517
01:33:27,998 --> 01:33:30,658
Because it's been working for me, it's led me to, you know,

1518
01:33:30,658 --> 01:33:32,508
Madeira, Andre the coordinator.

1519
01:33:32,508 --> 01:33:36,718
He saw one of my rips on Twitter and he invited me to do a keynote and I'm talking

1520
01:33:36,718 --> 01:33:39,018
with epic Bitcoiners like you guys.

1521
01:33:39,018 --> 01:33:41,408
And so, yeah, I'm just going to keep doing that.

1522
01:33:41,408 --> 01:33:42,918
My contract is up.

1523
01:33:42,968 --> 01:33:47,238
I'm out of contract at the farm that I've been managing for the last two years.

1524
01:33:47,238 --> 01:33:51,578
And so I'm going to take that leap of faith and, and, uh, change my

1525
01:33:51,578 --> 01:33:57,218
direction in life and, and, uh, You know, fully live the Bitcoin life.

1526
01:33:57,218 --> 01:34:01,158
And that requires me having a Bitcoin based business at this point.

1527
01:34:01,178 --> 01:34:03,708
So yeah, that's the long and short of it.

1528
01:34:04,138 --> 01:34:05,168
Fantastic.

1529
01:34:05,498 --> 01:34:07,348
I call it a leap of reason.

1530
01:34:08,038 --> 01:34:10,048
yes, leap of reason.

1531
01:34:10,048 --> 01:34:10,558
I love that.

1532
01:34:10,748 --> 01:34:14,888
I don't think it's only this way, but at least for me, what I've experienced

1533
01:34:14,888 --> 01:34:19,218
and what I've watched in the world, it seems that the door that you want

1534
01:34:19,238 --> 01:34:21,173
to walk through, if you want to.

1535
01:34:21,653 --> 01:34:25,483
Walk through a new door in your life only opens when you close the old one.

1536
01:34:25,653 --> 01:34:29,323
It's like you only find the right person when you're, when you're no longer

1537
01:34:29,713 --> 01:34:31,603
spending time with the wrong person.

1538
01:34:31,973 --> 01:34:32,753
And so.

1539
01:34:33,193 --> 01:34:39,573
Yeah, I've, I'm, basically if I put an end to my, all of my cannabis producing

1540
01:34:39,573 --> 01:34:44,213
responsibilities and, uh, yeah, and so hopefully I don't have to sell a

1541
01:34:44,213 --> 01:34:48,523
bunch of sats to fund my transition, but also, and I'll leave it at this,

1542
01:34:48,593 --> 01:34:52,953
I've had to think a lot about this, what would I do if I lost my bitcoin?

1543
01:34:52,963 --> 01:34:56,023
I'm not some whale, but I have enough that's meaningful to me.

1544
01:34:56,653 --> 01:35:00,963
And the thing that I think is so interesting And as more, as I grapple

1545
01:35:00,963 --> 01:35:06,473
with this thought more, and then what comes to mind is, is when I hear Bitcoin

1546
01:35:06,473 --> 01:35:10,003
influencers, you could say, talk about, you don't have enough Bitcoin, you

1547
01:35:10,003 --> 01:35:12,183
need more Bitcoin, get to one Bitcoin.

1548
01:35:12,393 --> 01:35:21,313
Well, if, if Bitcoin is decentralized and secure, as Booth says, then it's

1549
01:35:21,313 --> 01:35:24,553
going to appreciate at a faster rate than everything in the marketplace

1550
01:35:25,393 --> 01:35:29,233
forever, for thousands of years, as Saylor says, if that's the case.

1551
01:35:29,753 --> 01:35:33,663
Then the strategy is, go to the marketplace, do the honest thing,

1552
01:35:33,663 --> 01:35:37,543
provide long term, the most valuable thing that you can, and then

1553
01:35:37,543 --> 01:35:39,123
sweep your surplus into bitcoin.

1554
01:35:39,683 --> 01:35:43,803
And so, selling bitcoin to fund something, I don't think you

1555
01:35:43,803 --> 01:35:44,943
should feel bad about that.

1556
01:35:44,943 --> 01:35:45,803
I think that's a B.

1557
01:35:45,813 --> 01:35:46,213
B.

1558
01:35:47,023 --> 01:35:49,493
It's a before Bitcoin thought process.

1559
01:35:49,533 --> 01:35:51,193
That's a scarcity thought process.

1560
01:35:51,613 --> 01:35:57,533
And so if I lost my Bitcoin, yeah, having Bitcoin or having money as a

1561
01:35:57,533 --> 01:36:01,663
hedge against future uncertainty or the future certainty of not being able to

1562
01:36:01,663 --> 01:36:05,493
work when you're old, you could say, but also the strategy doesn't change.

1563
01:36:05,613 --> 01:36:09,363
You just go out into the market and you earn Bitcoin and the Bitcoin's appreciated

1564
01:36:09,363 --> 01:36:11,073
at a faster rate than everything.

1565
01:36:11,073 --> 01:36:13,553
So in some sense, it doesn't even matter how much you have.

1566
01:36:13,553 --> 01:36:16,133
And then also in this other interesting way.

1567
01:36:16,423 --> 01:36:18,953
Bitcoin's making things better for everybody, including people

1568
01:36:18,953 --> 01:36:20,813
who don't currently own Bitcoin.

1569
01:36:21,113 --> 01:36:25,073
And so I've kind of let go of, I'm like shedding layers of fear as a

1570
01:36:25,073 --> 01:36:28,773
result of the broken incentives, the incentive to violence in the

1571
01:36:28,773 --> 01:36:31,193
BB world that is behind us now.

1572
01:36:31,673 --> 01:36:33,173
It's AB, it's after Bitcoin.

1573
01:36:33,173 --> 01:36:34,593
It's a new motherfucking world.

1574
01:36:34,623 --> 01:36:37,113
And that is something to be so grateful for.

1575
01:36:38,213 --> 01:36:40,773
And I just want to be, just experience more of that.

1576
01:36:41,403 --> 01:36:41,843
That's what I'm

1577
01:36:41,878 --> 01:36:48,968
Well, Eric, uh, your, your thoughts, uh, um, show us that you're, you've come quite

1578
01:36:48,968 --> 01:36:52,038
far in your journey,  I don't know how long you've been in Bitcoin, but there's

1579
01:36:52,038 --> 01:36:54,718
insight that every, yeah, yeah, the, the,

1580
01:36:55,116 --> 01:36:57,646
You came on the scene more recently though, like, I

1581
01:36:57,671 --> 01:36:58,911
Yeah, actually, yeah.

1582
01:36:58,921 --> 01:37:01,351
So I posted my first videos about it.

1583
01:37:01,351 --> 01:37:03,501
I became public about it in December.

1584
01:37:03,501 --> 01:37:06,611
I mean, really, I've been, it's been three months or something.

1585
01:37:06,611 --> 01:37:07,821
So I've, yeah.

1586
01:37:07,951 --> 01:37:12,611
but, but this insight that we all have enough Bitcoin, uh, it's, it's something

1587
01:37:12,611 --> 01:37:17,031
you come to at a latter stage when you have really thought things through and,

1588
01:37:17,321 --> 01:37:21,781
uh, I can tell that you have, so I'd like to thank you for this conversation.

1589
01:37:21,791 --> 01:37:22,651
It's been great.

1590
01:37:22,741 --> 01:37:24,751
Uh, it was great meeting you in Madeira.

1591
01:37:25,041 --> 01:37:27,481
You're certainly bringing value to the community.

1592
01:37:27,481 --> 01:37:28,631
Don't ever doubt that.

1593
01:37:29,066 --> 01:37:32,626
I mean, every bitcoiner does, just by existing, but you'd

1594
01:37:32,676 --> 01:37:35,036
certainly provide a lot of value.

1595
01:37:35,046 --> 01:37:35,616
Your rants,

1596
01:37:35,631 --> 01:37:37,311
That means a lot coming from you.

1597
01:37:37,586 --> 01:37:41,376
if that, if your rants have only influenced one person, which

1598
01:37:41,416 --> 01:37:46,326
there's evidence, empirical evidence that they have, by the way, um,

1599
01:37:46,671 --> 01:37:48,411
Then, uh, then it's all worth it.

1600
01:37:48,411 --> 01:37:53,071
You never know where your thoughts land in someone else's brain, how much, to

1601
01:37:53,071 --> 01:37:58,631
which extent they, they influence, uh, another person, but, uh, they do, the,

1602
01:37:58,641 --> 01:38:02,381
the, the thing we can always be sure of is that it's more than we think it is.

1603
01:38:02,421 --> 01:38:06,631
The butterfly effects on, on these things, on thoughts are, are just immense.

1604
01:38:07,161 --> 01:38:08,981
So, thank you so much for coming on.

1605
01:38:09,021 --> 01:38:10,861
I'd love to see you again sometime.

1606
01:38:10,871 --> 01:38:13,121
We'll see if I end up in the States here.

1607
01:38:13,706 --> 01:38:15,686
At Pacific or something, uh,

1608
01:38:15,761 --> 01:38:16,791
to Pacific, man.

1609
01:38:16,791 --> 01:38:17,921
That would be fantastic.

1610
01:38:17,921 --> 01:38:18,371
I'll be there

1611
01:38:18,376 --> 01:38:18,756
would be

1612
01:38:18,881 --> 01:38:20,721
I might not go to Tennessee.

1613
01:38:20,721 --> 01:38:25,521
I watch after everyone's shitting on these Ordinal guys and all of the shit coiners.

1614
01:38:25,521 --> 01:38:25,861
I don't know.

1615
01:38:25,861 --> 01:38:26,641
Yes.

1616
01:38:27,036 --> 01:38:34,986
No, uh, Tennessee, uh, we'll see, but I'll, uh, I'm aiming for Pacific.

1617
01:38:35,276 --> 01:38:39,796
Um, some things would have to change in order for me to go to Tennessee.

1618
01:38:39,826 --> 01:38:41,346
That's, let's just put it like that.

1619
01:38:41,346 --> 01:38:43,626
More

1620
01:38:43,926 --> 01:38:46,976
on, I was, I've been planning on moving there with my wife.

1621
01:38:46,976 --> 01:38:51,936
I'm getting out of Northern California and Tennessee seems to be a place

1622
01:38:51,936 --> 01:38:56,046
that we're very interested in, so I'll probably still be going, but there's

1623
01:38:56,046 --> 01:39:01,411
part of me that wants to Be revolutionary and defund these fucking dummies.

1624
01:39:01,411 --> 01:39:03,701
But anyways, yeah,

1625
01:39:04,526 --> 01:39:07,026
and less paper straws, fewer paper straws.

1626
01:39:09,526 --> 01:39:10,056
All right.

1627
01:39:10,291 --> 01:39:11,141
This has been fun.

1628
01:39:11,536 --> 01:39:12,596
yeah, this is awesome, Eric.

1629
01:39:12,596 --> 01:39:14,116
Thanks, thanks a lot for coming on.

1630
01:39:14,116 --> 01:39:17,036
This really was really great and Knut said.

1631
01:39:17,176 --> 01:39:20,456
It was awesome meeting you on Madeira and, uh, yeah, hope to see you again soon.

1632
01:39:21,241 --> 01:39:21,871
Yes.

1633
01:39:22,091 --> 01:39:22,661
Same to you.

1634
01:39:22,976 --> 01:39:23,706
Any final words?

1635
01:39:23,706 --> 01:39:25,586
Where can people find you online and all that?

1636
01:39:26,471 --> 01:39:32,181
Uh, I'm on Twitter at Eric, E R I C V Stacks, Eric V Stacks.

1637
01:39:32,481 --> 01:39:38,111
And, um, I also have that handle for YouTube and all the social platforms.

1638
01:39:38,111 --> 01:39:42,471
And, uh, very shortly here, I'll be pumping out, I don't know, just more.

1639
01:39:42,821 --> 01:39:44,841
I make videos talking about more of the.

1640
01:39:45,691 --> 01:39:50,491
Long term societal implications and the philosophical implications of Bitcoin.

1641
01:39:50,561 --> 01:39:54,131
Um, yeah, you're not going to hear me talking about the price very

1642
01:39:54,151 --> 01:39:55,851
often, although it's important.

1643
01:39:55,861 --> 01:39:58,851
It's kind of, we all know it's going up forever, Laura.

1644
01:39:59,908 --> 01:40:00,358
Awesome.

1645
01:40:00,755 --> 01:40:01,795
Absolutely perfect.

1646
01:40:01,845 --> 01:40:03,395
Uh, great way to end it.

1647
01:40:03,605 --> 01:40:06,540
Uh, Let us know what you thought about this episode.

1648
01:40:06,540 --> 01:40:10,860
Eric, thank you so much for, uh, for joining us and don't forget to

1649
01:40:10,860 --> 01:40:12,300
like, subscribe and brush your teeth.

1650
01:40:12,320 --> 01:40:14,200
This has been the Freedom Footprint Show.

1651
01:40:14,390 --> 01:40:15,180
Thanks for listening.