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I'm optimistic about our mission to orange pill countries and to work

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with governments and politicians.

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It seems counterintuitive but I think Bitcoin is the best way to fix it.

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The problem is Governments are like a machine, and these machines

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are hungry for capital, and all they know is that they need it.

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For how to feed themselves is to tax more and things like UBI.

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But with Bitcoin, we can present them.

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It's like a Trojan horse.

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We can present them with something that is better.

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And this thing that we're giving to them has the properties of fixing them.

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It changes you when you get into sound money and you have sound money

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Welcome back to the Freedom Footprint Show, the Bitcoin

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

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And we're here today for a JAN3 special with our good friends, Samson Mow, And

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Prince Filip of Serbia, we're here today to talk about everything going on with

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Jan3, including a big wallet launch today.

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Everything to do with nation state adoption and maybe we'll

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get into a few other things.

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So Samson, Filip, welcome to the Freedom Footprint show.

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Thanks for having

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thanks for

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having us.

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Glad to have you back, guys.

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yeah, so, so let's get right into it.

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Like, what is Aqua Wallet, the, the wallet you're releasing today?

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Yeah, so there's a long story about Aqua.

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It first started at Blockstream, and then JAN3 took it over, took

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over the development and everything, but it's meant to be an easy to

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use Bitcoin and Liquid wallet.

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And since taking it over, we've done a number of improvements.

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So It's been rebuilt from the ground up.

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It has the ability to do trustless swaps, swapping like inside swap.

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It has integration with bolts and a number of other providers.

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So the goal is to create this All in one wallet that can service

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Latin America, especially, but all Bitcoiners everywhere in the world.

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So what you can do is send and receive Bitcoin on chain, of course,

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but then we have another wallet we call the spending accounts.

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So you have a spending L2 wallet, which is Liquid Bitcoin and Lightning.

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So the funds are actually stored in LBTC, in Liquid Bitcoin.

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But you have Lightning as an on and off ramp.

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So for most people, it'll be a seamless experience.

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It'll just be like using a non custodial Lightning wallet.

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And with that same level of, finality and quickness that, most custodial

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Lightning wallets have, where you don't have to deal with things like

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channel management and Liquidity issues.

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So that is a big plus, but we also support, Uh, USDT on the Liquid chain

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because we are a Liquid based wallet.

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So we have additional functionality that allows you to transact, um,

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L-U-S-D-T on a number of rails.

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So you can send and receive, to altcoin or coin chains too, like Tron and Ethereum.

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but You store your USDT in Liquid, just like you store your

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Bitcoin in Liquid, uh, Bitcoin.

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So the benefit of that is you have.

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The robustness of the Liquid network, you have a one minute block times, two

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minute finality, you have confidential transactions, and you have the ability

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to do interesting things like swaps.

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So you'll be able to swap USDT out into Bitcoin and then spend it over Lightning.

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another feature we have is the ability to pay for USDT transactions with USDT.

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So.

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Like, if you use a Blockstream Green wallet right now, you'll need to buy some

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LBTC or get some LBTC and then pay For that USDT transaction with the LPDC, it's

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sort of like on the shitcoin chains, it's like the gas fee, but with our wallet, you

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can just receive USDT and then send it out right away paying the fee in USDT itself.

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So I think this is a big game changer for Latin America, because you'll be

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able to travel there as a Bitcoiner, not have to download any other wallet.

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You can send people that want USDT on Tron.

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You can convert from your Bitcoin holdings into USDT and It just

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changes the whole dynamic of being able to interact with that economy.

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So, and how do people get their hands on the USDT in the first place?

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Like, excuse my ignorance here, but like, how does that work in South America?

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Well, there's a number of ways.

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So you can, uh, if you're able to use Bitfinex and you go to Bitfinex and

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you can change Bitcoin to USDT, you could get paid in USDT, and the guy

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paying you could be using Tron, and then you can receive it in Liquid USDT.

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Or if you have, um, Bitcoin in your aqua wallet, then you can

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just swap that for USDT too.

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So it's a really fluid and dynamic system being able to move in, in any

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asset and convert to any other asset.

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I meant more the fiat rails, like how do you convert your fiat into, like, do

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you convert them into bitcoins first and then USDT, it seems like, what's the,

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what's the big problem that this solves?

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Well, who has fiat in the first place?

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Do you still have fiat?

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No, no, of course not,

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Yeah, see?

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So

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I don't even have a share, so, uh, so USDT is used in Latin, Latin

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America to, uh, remove the risk of the volatility in Bitcoin, right?

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yeah, so people in LATAM are actively seeking USDT.

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So they, they, they think it's like Bitcoin.

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So they're looking for USDT.

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But to answer your question, you can top up your AquaWallet with Bitcoin and then

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convert that into Liquid Bitcoin and USDT.

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And you can also have, um, you can use a, we have a marketplace in the app too

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where you can go and buy Bitcoin and then also convert, but we don't have a on ramp

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yet that would allow you to just buy USDT through a fiat rail, but that is coming.

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We have personal anecdotes.

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When we were in Argentina last, not last November, November 2022, we

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were, we were actually using USDT to, uh, to, to convert into actual

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dollars, sorry, to, to buy pesos.

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We're using USDT to buy pesos on the streets.

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And they had about, in total, they had about 12 or 13 different exchange rates.

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And of those 12 or 13, about two or three of them were linked to USCT.

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So there's a big market for USDT in Argentina and most parts of Latin America.

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So yeah, it's, it acts, USDT really does act as a bridge between fiat and Bitcoin.

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So having it in our wallet really is like a sort of a learning,

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bit of a learning curve.

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So if people, this is, this wallet is not just going to be for, for,

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for maxi Bitcoiners like ourselves.

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But it's going to be for people who want that US dollar exposure, but also they

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have the ability to go into Bitcoin and they have it in the wallet and they'll

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be like, Ooh, that's interesting.

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What does that do?

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And they realize that that will, that will retain their purchasing power over time.

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So it's a bit like let the market, decide and they will see the benefits

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of having Bitcoin on their wallet.

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So it's a gateway drug.

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Completely, yes.

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Yeah.

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All right.

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So, and, and you've been traveling around quite a lot lately.

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So you've been around the Latin America mostly, I, I think, right?

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Uh, I mean, uh, Filip, you've been to, uh, Liechtenstein, I, I believe.

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Beginning of this year, actually, we started the year with a trip to

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Costa Rica, where I presented at the Legislativa, the Legislative Assembly.

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Uh, where I presented about Bitcoin, of course, and it was hosted by

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Congresswoman, I forget her name.

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Do you remember her name, Samson?

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Uh, it starts the O.

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Oh, Obanda.

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Yes.

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Yes.

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And we, yes, that was interesting.

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We met also with a very high level politician, uh, no names,

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but he's up there like second in line to the, to the president.

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So.

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You could, you can guess how high it was.

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It was a secret meeting.

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He didn't want any marketing about it, but Samson wowed him with, uh, with his.

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exceptional orange pilling skills and showed him that Bitcoin can actually

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be given to you in about three different formats on physical, digital.

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And what was the third one?

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Um, I forgot how he showed it to him, but

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But it was good right That's

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it was

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good

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That was.

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And you could see him in his, you could see him just thinking because this guy's

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an economist and he, he, uh, he, um, we told him the story and all that, but he

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could see his brain ticking away thinking, wow, this is actually pretty impressive.

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I think it was one physical poker chip So we're saying it can be a physical

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object It can also be passed in a card format So I think I had the uh the nation

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state Bitcoin adoption card Uh well the one from uh Coinkite you know the tap

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not tap signer but the other card Um Maybe it is tap signer I got to remember

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all the branding out there But then we said we can also send it to you in your

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wallet too like in Aqua So it's kind of impressive because you can receive

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Bitcoin in multiple formats And that kind of drove home the point that Bitcoin is

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just information and it's unstoppable

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So during that trip, we also visited a hydroelectric plant as

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well, where they're mining Bitcoin.

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Not a very big operation, but there's a few of these in, in Costa Rica.

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And what other countries?

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Like I know Suriname and Argentina, uh, and Colombia, right?

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But that was, that was pretty recent.

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And that was just you, Samson, right?

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And not Filip.

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Yeah I did Columbia on my own and Suriname with Ben Ben Van Hul

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Oh yeah, yeah, Ben.

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So, yeah, Suriname is a fascinating country.

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I was there with the Tall Ship like, uh, 15 years ago.

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And what I know about Surinamese politics is that they have like eight state

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religions, and in order to appease all of the religions, they need to have a day

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off on each of the religions sacred days.

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So they had like 170 days off per year or something.

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So you've heard of Suriname Most people haven't I think when we

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announced that uh you know Suriname's moving along doing something

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people were like where's Suriname

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Yeah, but it's a cool place.

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so how, what is the usual, like, how do these politicians react

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when you, to orange pilling?

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Like, what's the, is there a, default answer or, or, uh, are

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some of them harder to orange pill?

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Like, what happens when you talk to them?

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Well it really varies So with our uh Suriname our The primary point of contact

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has been the Foreign Minister Minister Albert Remden So we've met with him a

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number of times prior to going there um and we also met with the Central Bank uh

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over a series of meetings as well before we went there as well So we've kind of

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warmed it up before making landfall but uh I think Minister Remden is very uh He's

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very keen on Bitcoin He understands what it can bring to the country and he's been

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helping open doors and getting meetings there along with Maya a friend of ours

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So it's been an interesting experience I would say it's not as challenging as

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other places because we seem to have a foothold there but it is different There's

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no uniform way things play out when you go and try to orange pill a country

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Samson was also in Mexico.

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He presented at the Senate there.

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yeah, you've been, you've been around Samson.

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Yeah, let's let's make this a little more organized.

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Can you give us a full picture of of I guess the year or something like

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that or the the countries you got on the go, something to that effect?

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Oh man

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Um

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it's on our blog Go read our blog but we're trying we're trying to organize

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we're trying to do write ups of what happens in every country now So you can

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see we have a write up of Columbia all the stuff that went down there We have a

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write up for Suriname and we have a write up for Montenegro So our last three ish

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endeavors I think uh Mexico We didn't have no we did write up for Mexico too

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That's also on our blog But yeah just go to Jan3 com and navigate to the blog and

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you can read about what we've been doing who we've been meeting but we're trying

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to become more diligent about documenting all of our things that we're doing and

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all the uh progress that's being made Because I think sometimes it's just us

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tweeting oh we're here and having coffee

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In, in, in redacted.

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redacted and we don't explain later on what we did which is I think of

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historical significance So we should we are we should and we are doing that

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And then on top of that, Samson's also met with, um, the governor of Indonesia.

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That was, that was quite an interesting meeting and he was in Indonesia as well.

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Yes but there's a I think he was in the running to be a VP and now he's

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no longer running for VP So that's a that's a bit of a letdown but in

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the realm of politics things change very rapidly So you can't always bank

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Oh, but still, still, it's, it's, it's a significant, it was a significant guy.

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You know, he, he was running for a country that has a huge

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population, Muslim population.

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And that's, you know, that could be, could have been quite a significant change.

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Also, Samson met with the RFK Jr as well.

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that was all this year

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Yeah, that was his year.

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you did Republika Srpska and you

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I

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did, yeah, so for, I did, I did, I did Lichtenstein as well.

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I went to a conference there, but I also met with Prince Hans Adam, the,

231
00:13:52,392 --> 00:13:58,102
the, the second, his, the guy who wrote, uh, Millennium, uh, Millennium in the,

232
00:13:58,262 --> 00:14:02,132
sorry, Millennium in the Third State, in the fourth term, no, Third State.

233
00:14:02,132 --> 00:14:06,022
Fantastic book where he treats the state, uh, what he says, writes

234
00:14:06,022 --> 00:14:09,642
up saying that the state should act more like a service company.

235
00:14:10,282 --> 00:14:12,972
Attracting citizens as opposed to the other way around.

236
00:14:13,652 --> 00:14:15,922
Um, this was a fantastic conference.

237
00:14:15,972 --> 00:14:20,563
It was a, uh, conference, organized by the Austrian school, um,

238
00:14:20,613 --> 00:14:25,653
foundation, not, not the Mises foundation, but another foundation.

239
00:14:25,703 --> 00:14:29,883
And it was a debate and discussions about the private money.

240
00:14:29,883 --> 00:14:32,623
So Bitcoin was there on the top, top as one of the.

241
00:14:33,278 --> 00:14:36,648
Big topics, but there was also some central bankers there talking

242
00:14:36,648 --> 00:14:40,118
about how they're so great and how they are going to save the world,

243
00:14:40,118 --> 00:14:41,638
but yeah, it was interesting.

244
00:14:42,298 --> 00:14:47,388
Met with certain princes, Prince Michael of Liechtenstein, who's Prince

245
00:14:47,458 --> 00:14:52,984
Hans Adam's cousin, who I've got good connections with now, but met Prince

246
00:14:53,064 --> 00:14:55,604
Hans Adam himself, which was an honor.

247
00:14:57,614 --> 00:15:01,344
We, where else did I go to, uh,

248
00:15:01,394 --> 00:15:01,764
RIS

249
00:15:02,514 --> 00:15:06,704
Republika Srpska, Montenegro, but first Republika Srpska, no, first

250
00:15:06,734 --> 00:15:14,264
Montenegro, where Samson and I and Edwin and Ben, Ben is our CEO, COO,

251
00:15:14,784 --> 00:15:21,449
we organized a meeting with the Prime Minister of Montenegro, um, and, Mickey

252
00:15:21,559 --> 00:15:23,919
Spajic, who is recently voted in.

253
00:15:24,589 --> 00:15:28,889
It's a pro European party, but he is a, he's a crypt, he's a crypto actor.

254
00:15:28,949 --> 00:15:30,709
Uh, he's into crypto basically.

255
00:15:30,729 --> 00:15:33,139
Not, he's not quite maxied yet, but he's into crypto.

256
00:15:33,349 --> 00:15:36,249
He understands Bitcoin, but he doesn't fully understand,

257
00:15:36,259 --> 00:15:39,919
you know, the implications of getting Bitcoin completely.

258
00:15:40,009 --> 00:15:43,488
So, I don't know if you know that Montenegro has had some issues, like

259
00:15:43,498 --> 00:15:48,648
he was, he was connected to this whole Docon, uh, scandal and things like that.

260
00:15:48,648 --> 00:15:49,113
It's also.

261
00:15:49,423 --> 00:15:49,883
Yeah,

262
00:15:49,903 --> 00:15:52,743
I know there's a Free Cities project there as well, right?

263
00:15:53,033 --> 00:15:57,693
there was some Free Cities project there that became very, uh, very altcoin y.

264
00:15:57,873 --> 00:15:58,843
I mean, very shitcoin

265
00:15:58,843 --> 00:15:59,153
y things

266
00:15:59,153 --> 00:15:59,983
happening there.

267
00:16:00,033 --> 00:16:02,973
Um, Ethereum, Ethereum Foundation have, have a bit of

268
00:16:02,973 --> 00:16:04,693
a foothold there as well, sadly.

269
00:16:05,343 --> 00:16:10,443
But, uh, I mean They'll, you know, they'll find out the, I guess

270
00:16:10,443 --> 00:16:11,783
you buckle back and find out.

271
00:16:12,446 --> 00:16:15,412
but we had a very good meeting with, uh, with Mickey himself,

272
00:16:15,442 --> 00:16:16,462
the prime minister himself.

273
00:16:16,462 --> 00:16:20,082
He's a smart guy, young, and we really like to be, we covered a lot of topics

274
00:16:20,302 --> 00:16:24,982
ranging from, um, trying to put Bitcoin on their, on their treasury to trying to

275
00:16:25,072 --> 00:16:28,052
start some Bitcoin community to mining.

276
00:16:28,267 --> 00:16:32,787
Bitcoin using their hydro, uh, and their energy resources.

277
00:16:32,887 --> 00:16:35,177
And we're working on some projects there.

278
00:16:35,277 --> 00:16:37,657
So we're lining up a meeting with him early next year.

279
00:16:38,284 --> 00:16:41,444
Well that's kind of the theme We've also started those kinds of discussions in

280
00:16:41,444 --> 00:16:47,324
Suriname and also in Colombia as well so that's kind of what we do We uh identify

281
00:16:47,364 --> 00:16:51,674
a few key pillars that we can work together on potentially and try to drive

282
00:16:51,884 --> 00:16:56,084
based on what they're interested in a Bitcoin strategy tailored to the country

283
00:16:56,685 --> 00:17:00,076
And do you use the phrase, orange pill now or orange suppository

284
00:17:00,076 --> 00:17:01,606
later when you talk to these people?

285
00:17:02,191 --> 00:17:04,021
I'm saving that for later I

286
00:17:04,071 --> 00:17:05,410
don't want to use it away I

287
00:17:06,507 --> 00:17:11,357
Uh, I see, it seems mining, it seems energy is, seems to be one of the topics

288
00:17:11,357 --> 00:17:14,627
that comes up a lot when, when trying to orange pill these nations, because really

289
00:17:14,627 --> 00:17:16,547
that's, that's what drives economies.

290
00:17:17,437 --> 00:17:21,887
And that's always one way to try, one way for adoption to happen.

291
00:17:21,897 --> 00:17:27,692
The monetary, the, um, the getting as a legal tender approach is This can happen,

292
00:17:27,692 --> 00:17:33,192
but I think things like the example of El Salvador won't be replicated as, as quick,

293
00:17:33,262 --> 00:17:37,702
uh, any, well, it will be replicated soon, but I think energy is going to

294
00:17:37,702 --> 00:17:39,832
be the one that drives adoption most.

295
00:17:40,362 --> 00:17:43,712
And this is one reason when I went, one example is just now I was in

296
00:17:43,712 --> 00:17:48,692
Republika Srpska, which is a Serbian autonomous part of Bosnia Herzegovina.

297
00:17:49,332 --> 00:17:54,252
And I had meetings with the energy minister there and they.

298
00:17:54,612 --> 00:17:58,696
Are interested in getting the geothermal.

299
00:17:58,706 --> 00:18:02,916
They have existing hydro, quite a lot of it, but they have a lot of geothermal.

300
00:18:03,036 --> 00:18:06,426
Serbia in the region and Republika Srpska, it's all the same region, has a

301
00:18:06,436 --> 00:18:10,116
lot of potential for geothermal energy.

302
00:18:10,616 --> 00:18:12,866
Problem is geothermal's expensive to get going.

303
00:18:12,926 --> 00:18:16,586
You know, you need several million to dr to drill a few, uh, few holes to actually

304
00:18:16,586 --> 00:18:19,206
find the, the, um, the, the sources.

305
00:18:19,206 --> 00:18:22,236
It's not like an Iceland where it's just there right underneath you.

306
00:18:22,496 --> 00:18:26,396
But once you find those sources, once you init, once that first initial capital

307
00:18:26,401 --> 00:18:27,681
is, uh, is suspended, you can actually.

308
00:18:28,236 --> 00:18:31,866
Attach Bitcoin mining to it to actually make it more economical, feasible,

309
00:18:32,396 --> 00:18:36,356
and make it a, a, a, you know, make, uh, make, make the, the project much

310
00:18:36,356 --> 00:18:41,336
more short term, which appeases the, uh, the fiat guys, uh, who, who, who

311
00:18:41,336 --> 00:18:43,136
are trying to, uh, do business with.

312
00:18:43,636 --> 00:18:47,956
So I'm in conversations with some people there to try and get, uh, geothermal

313
00:18:47,986 --> 00:18:49,276
happening in our, in our region.

314
00:18:50,077 --> 00:18:53,817
think after Montenegro I also went to Serbia and met with

315
00:18:53,837 --> 00:18:55,817
the hereditary prince of Serbia

316
00:18:57,022 --> 00:18:57,572
you did?

317
00:18:58,232 --> 00:18:58,502
Who

318
00:18:58,657 --> 00:18:58,737
I

319
00:18:58,737 --> 00:18:59,067
did

320
00:19:01,078 --> 00:19:01,408
Yeah.

321
00:19:01,408 --> 00:19:02,158
No, he can, yeah.

322
00:19:02,788 --> 00:19:06,533
He swung by, it was very last minute, but, uh, he swung by and

323
00:19:06,533 --> 00:19:08,548
got to spend some time at our hub.

324
00:19:09,088 --> 00:19:14,578
We have a Bitcoin, it's called now Hub21, non profit hub in downtown Belgrade.

325
00:19:14,758 --> 00:19:15,728
Great location.

326
00:19:16,388 --> 00:19:19,568
And, yeah, it was good to have Samson.

327
00:19:19,618 --> 00:19:20,948
Edwin was there as well.

328
00:19:20,968 --> 00:19:26,748
And it was a quick trip before we went to Montenegro.

329
00:19:26,788 --> 00:19:27,908
Was it before Montenegro?

330
00:19:27,918 --> 00:19:27,928
I

331
00:19:28,603 --> 00:19:29,103
After

332
00:19:29,178 --> 00:19:29,538
it was.

333
00:19:29,573 --> 00:19:30,013
It

334
00:19:30,678 --> 00:19:30,938
I

335
00:19:31,093 --> 00:19:31,763
was after

336
00:19:32,348 --> 00:19:32,998
who's after.

337
00:19:33,476 --> 00:19:35,146
I don't know It's all a blur We should really

338
00:19:35,271 --> 00:19:35,551
over.

339
00:19:35,551 --> 00:19:37,931
Yeah

340
00:19:38,206 --> 00:19:44,036
Uh a good good summary You also were in uh in Amsterdam and

341
00:19:44,046 --> 00:19:47,016
you met again with Albuquerque

342
00:19:47,031 --> 00:19:47,331
There

343
00:19:47,601 --> 00:19:49,501
I swear I last saw you, Knut, actually.

344
00:19:49,501 --> 00:19:54,721
Yes, it's, uh, I reached out to, to, to President, um, to, to Miguel

345
00:19:54,721 --> 00:19:58,271
Albuquerque saying, hey, if he wants to come on stage with me, and thanks

346
00:19:58,971 --> 00:20:02,268
to Andre Loja that, uh, he accepted.

347
00:20:03,128 --> 00:20:07,968
So we were on stage together, main stage in Amsterdam, and he, on

348
00:20:08,018 --> 00:20:14,018
stage, committed to a Bitcoin hub, a space, an office space for, for in,

349
00:20:14,308 --> 00:20:16,967
? It's called yeah, for

350
00:20:17,628 --> 00:20:17,638
a

351
00:20:17,658 --> 00:20:17,958
for an

352
00:20:17,958 --> 00:20:18,378
office

353
00:20:18,423 --> 00:20:22,613
be, uh, on the other side of the island, but now it's in Funchal again, uh,

354
00:20:22,808 --> 00:20:27,338
I think, yeah, but he can, he showed me pictures of the actual

355
00:20:27,338 --> 00:20:30,308
building, so that's great, great stuff for those guys, for them.

356
00:20:30,793 --> 00:20:34,323
And we're all, we're all going to meet again now there in, uh, for Atlantis

357
00:20:34,393 --> 00:20:35,683
in the beginning of March next year.

358
00:20:36,533 --> 00:20:36,933
Yeah,

359
00:20:37,203 --> 00:20:40,053
that's gonna be soooo fantastic.

360
00:20:40,343 --> 00:20:40,733
Yeah.

361
00:20:41,323 --> 00:20:45,583
So, uh, so, this prince, uh, what was his name?

362
00:20:45,583 --> 00:20:47,493
Hans Adam of, uh, Lichtenstein?

363
00:20:47,663 --> 00:20:51,743
Prince, yeah, Prince Hans Adam II, he's the, technically the reigning

364
00:20:51,743 --> 00:20:56,783
prince, but because he's, uh, he's in half retired mode, he's given it, he's

365
00:20:56,783 --> 00:21:01,848
given duties over to his son, Prince Alois, but he was, Prince Alois wasn't

366
00:21:01,848 --> 00:21:05,163
there, but Prince Hans Adam himself was there for the reception afterwards,

367
00:21:05,163 --> 00:21:06,473
and I had some good words with him.

368
00:21:07,313 --> 00:21:10,633
Okay, would you say that any of these Lichtenstein princes are,

369
00:21:10,943 --> 00:21:12,983
uh, uh, fully orange pilled?

370
00:21:13,578 --> 00:21:17,238
I wouldn't say fully orange pill, but they own Bitcoin.

371
00:21:17,408 --> 00:21:18,888
Some of them, most of them.

372
00:21:19,503 --> 00:21:20,143
Excellent.

373
00:21:20,718 --> 00:21:21,888
spoke to a couple of them.

374
00:21:21,888 --> 00:21:24,138
I'm not going to name which ones, but they said they've owned,

375
00:21:24,148 --> 00:21:26,098
they've sold, but they still hold.

376
00:21:27,133 --> 00:21:27,663
Nice.

377
00:21:28,010 --> 00:21:32,037
And maybe before we move on to any, uh, any other, topics here,

378
00:21:32,087 --> 00:21:36,387
uh, maybe we can get back to the, uh, Aqua Wallet just a little bit,

379
00:21:36,387 --> 00:21:38,277
some of the, the technical details.

380
00:21:38,277 --> 00:21:41,297
Cause I, I think, yeah, you're, you're aware our, our show is

381
00:21:41,297 --> 00:21:44,637
a little, little more geared towards the already in Bitcoin.

382
00:21:44,812 --> 00:21:45,842
crowd at the moment.

383
00:21:46,356 --> 00:21:50,946
so, so just a curiosity here, and uh, maybe you can dig into a little bit more

384
00:21:50,946 --> 00:21:56,006
about this, but the, Liquid and, and lightning part, uh, is, is part of this

385
00:21:56,006 --> 00:22:00,786
done in, the sense that users don't need to have their own lightning channels, but

386
00:22:00,826 --> 00:22:03,056
the Liquid side is, is self custodial?

387
00:22:03,136 --> 00:22:04,656
Is that the clarification here?

388
00:22:04,919 --> 00:22:10,779
Yeah So um if you if you know Blockstream Green it can create a Liquid wallet and a

389
00:22:10,819 --> 00:22:15,119
Bitcoin wallet And one of the innovations I had with Aqua was that we use the same

390
00:22:15,119 --> 00:22:19,219
seed to generate both So when you create an Aqua wallet in the original version

391
00:22:19,609 --> 00:22:23,199
you just see all of your stuff in one view You see your Bitcoin you see your

392
00:22:23,229 --> 00:22:28,349
Liquid Bitcoin and assets all together So it Reduces the complexity and makes

393
00:22:28,349 --> 00:22:33,289
it easier but I think we've gone one step further now which was which is we support

394
00:22:33,339 --> 00:22:38,549
um lightning as well So we can do that with submarine swaps through Bolts but

395
00:22:38,559 --> 00:22:42,159
through other providers as well down the road So our plan is to integrate a lot of

396
00:22:42,159 --> 00:22:46,979
different services to deal with everything under the hood So Bolts is effectively

397
00:22:46,979 --> 00:22:51,909
the LSP and you don't have to worry about any channel management You just get Liquid

398
00:22:51,909 --> 00:22:56,039
Bitcoin And when you want to send it out You also go back out through bolts as well

399
00:22:56,579 --> 00:23:02,059
And I think this is a very good balance between having it as a non custodial

400
00:23:02,059 --> 00:23:06,829
wallet and still having that ease of using Lightning like just like you'd

401
00:23:06,839 --> 00:23:12,209
be using any custodial Lightning app uh maybe even better So I think it's a fair

402
00:23:12,209 --> 00:23:17,559
balance and It's going to change things for a lot of people because a lot of the

403
00:23:17,559 --> 00:23:22,359
custodial wallets you can see they're um starting to exit markets Because they're

404
00:23:22,379 --> 00:23:26,929
worried about regulators going after them So I think the solution is to keep

405
00:23:26,929 --> 00:23:31,759
it non custodial and integrate different services So we call this the the model

406
00:23:31,769 --> 00:23:37,079
we call the model the non custodial core model So NCC so everything at the root of

407
00:23:37,079 --> 00:23:41,139
the wallet is non custodial but you hook in a lot of different services to access

408
00:23:41,189 --> 00:23:45,167
the funds and interface with custodial services and centralized services

409
00:23:45,832 --> 00:23:49,757
Can you still back this with a hardware wallet, or is it entirely a soft wallet

410
00:23:49,787 --> 00:23:51,467
because of the, lightning integration?

411
00:23:51,802 --> 00:23:56,144
it's entirely soft but we're talking right now about doing a desktop version

412
00:23:56,154 --> 00:24:00,894
which would be compatible with hardware wallet So it'll still be doable But

413
00:24:01,124 --> 00:24:05,944
we want to keep the mobile wallet very easy to use So we probably will put more

414
00:24:05,944 --> 00:24:07,834
advanced features into a desktop version

415
00:24:08,624 --> 00:24:08,974
All right.

416
00:24:08,994 --> 00:24:14,634
And on a more technical side, like how, how, uh, how hard is it for

417
00:24:14,634 --> 00:24:18,994
you to provide this service when you have this fee spikes on chain?

418
00:24:19,419 --> 00:24:24,219
Well that's the that's the big benefit of using Liquid as the layer two So

419
00:24:24,979 --> 00:24:29,859
a lot of people forget that Lightning is really cool but when fees are up it

420
00:24:29,859 --> 00:24:35,124
starts to become a burden to manage all the channels and open channels right

421
00:24:35,124 --> 00:24:39,621
So everything in Liquid Bitcoin So we don't have to deal with the fee spikes

422
00:24:39,621 --> 00:24:44,421
unless we see some massive spike in Liquid usage in case in that case we

423
00:24:44,421 --> 00:24:50,001
might see something happen but in general Liquid transactions are going to be very

424
00:24:50,531 --> 00:24:55,901
cheap and still very fast so it should alleviate a lot of that problem that

425
00:24:55,941 --> 00:25:00,101
people have been having with mainchain usage with Lightning So this is sort of

426
00:25:00,111 --> 00:25:06,216
pairing Lightning with Liquid into one one paradigm And I think this makes it a lot

427
00:25:06,216 --> 00:25:12,696
easier to use non custodial Bitcoin than using Bitcoin and your own lightning node

428
00:25:13,190 --> 00:25:15,040
and how safe is Liquid?

429
00:25:15,150 --> 00:25:20,358
Like what, what would it take to break Liquid for a malicious actor?

430
00:25:21,078 --> 00:25:27,648
Yeah so I think people often complain about Liquid saying it's centralized but

431
00:25:27,678 --> 00:25:33,238
Liquid has never made any claim that it is completely decentralized It is uh if

432
00:25:33,238 --> 00:25:38,458
you're familiar with Fedimint it's all based on federations So Finn and Phillip

433
00:25:38,458 --> 00:25:43,418
and Knut you guys could make a Fedimint and be the operators But Liquid is the

434
00:25:43,418 --> 00:25:47,938
same thing but just done with exchanges and Bitcoin businesses So like Bitfinex

435
00:25:48,278 --> 00:25:54,743
BitMEX BullBitcoin JAN3 ourselves Like it's a federation of 60 people and a

436
00:25:54,753 --> 00:25:59,083
subset of those 60 people are running the functionaries which is the hardware

437
00:25:59,083 --> 00:26:04,333
that deals with the block signing and manages the multisig wallet So to answer

438
00:26:04,333 --> 00:26:08,993
your question to attack Liquid you would have to uh if you want to attack it

439
00:26:09,003 --> 00:26:16,618
maliciously you'd have to breach 11 of the 15 simultaneously and Extract the

440
00:26:16,618 --> 00:26:22,438
keys from the HSMs and the functionary box So it's kind of like an Ocean's

441
00:26:22,438 --> 00:26:26,698
11 type of thing but most people like it's not disclosed where the thing the

442
00:26:26,698 --> 00:26:31,028
hardware is and it's all around the world So it would be a pretty impressive feat

443
00:26:31,038 --> 00:26:33,448
to pull off if it could be pulled off

444
00:26:34,239 --> 00:26:34,399
Yeah.

445
00:26:34,399 --> 00:26:38,749
You, would need to buy a lot of 5 wrenches or 15 wrenches

446
00:26:38,759 --> 00:26:39,989
or whatever the price is now.

447
00:26:41,059 --> 00:26:41,119
You

448
00:26:41,119 --> 00:26:43,049
would need Catherine Zeta Jones

449
00:26:43,949 --> 00:26:49,229
So basically this is all going to be usable when this episode is out on JAN3.

450
00:26:49,249 --> 00:26:51,289
This is all going to be usable.

451
00:26:51,289 --> 00:26:54,179
Users can download it to get started, right?

452
00:26:54,369 --> 00:26:58,149
Anything else on the Aqua topic to, to mention here?

453
00:26:58,396 --> 00:27:03,408
Yeah Fingers crossed it'll be out  the biggest barrier I think is uh Apple

454
00:27:03,428 --> 00:27:09,708
approval So we might end up well right now you might see it live on on Google

455
00:27:09,708 --> 00:27:15,308
play Uh it'll be out on FDroid too but uh Apple we might be in some extended

456
00:27:15,308 --> 00:27:18,038
beta period or something like that where you can just download it through test

457
00:27:18,038 --> 00:27:21,898
flight but we'll see fingers crossed that Apple will let it through the gates

458
00:27:22,632 --> 00:27:26,252
Alright, you might have noticed that we've recently partnered with AmberApp.

459
00:27:26,543 --> 00:27:30,873
After our episode with Izzy, their CEO, and our close friend, we knew we

460
00:27:30,873 --> 00:27:34,277
would have to partner with them in some way, If you haven't seen our episode

461
00:27:34,277 --> 00:27:38,367
with Izzy, definitely go check it out, you'll see why it's such a great fit,

462
00:27:38,617 --> 00:27:42,547
and honestly, they're following the orange glowing light like Izzy always

463
00:27:42,547 --> 00:27:46,637
says, and that's exactly what we try to do here at the Freedom Footprint Show.

464
00:27:46,962 --> 00:27:49,301
The big news about AmberApp is that they're going to be

465
00:27:49,301 --> 00:27:51,111
launching their version 2.

466
00:27:51,327 --> 00:27:54,837
I've seen some of the screenshots and it looks fantastic.

467
00:27:55,132 --> 00:27:58,943
They're going to be including a non custodial on chain wallet, an

468
00:27:58,963 --> 00:28:03,215
anonymous lightning wallet, a fiat wallet, And finally, it's going

469
00:28:03,215 --> 00:28:04,555
to be an exchange, of course.

470
00:28:04,795 --> 00:28:07,698
it's going to be just this super app,  They're also going

471
00:28:07,698 --> 00:28:09,048
to be launching globally.

472
00:28:09,068 --> 00:28:10,618
Everyone's going to be able to use it.

473
00:28:10,858 --> 00:28:12,588
we're really excited about all that.

474
00:28:12,718 --> 00:28:15,358
Stay tuned with us and you'll hear all about it.

475
00:28:15,558 --> 00:28:17,908
And for now, check out their website, amber.

476
00:28:18,158 --> 00:28:20,868
app and the episode with Izzy to find out more.

477
00:28:21,215 --> 00:28:24,635
yeah, what else about nation state adoption?

478
00:28:25,685 --> 00:28:31,505
Was there any place that stood out, like, this is, this is like, maybe you can't

479
00:28:31,525 --> 00:28:36,775
disclose that, but like, that stood out among the nation states as a good place

480
00:28:36,805 --> 00:28:40,905
to start a citadel movement, if you will?

481
00:28:41,082 --> 00:28:43,502
I'm a fan of redacted What about you Filip

482
00:28:44,582 --> 00:28:45,982
Yeah, redacted sounds good.

483
00:28:47,842 --> 00:28:49,772
Yeah, has really good opportunities there.

484
00:28:49,832 --> 00:28:50,332
Yeah.

485
00:28:50,602 --> 00:28:53,282
The right people, the right mindset, the right terrain, good

486
00:28:53,282 --> 00:28:55,672
mining, good energy, uh, mix.

487
00:28:55,902 --> 00:28:56,242
Yeah.

488
00:28:57,392 --> 00:28:57,642
Let's go.

489
00:28:57,912 --> 00:28:58,782
Let's go redacted.

490
00:28:59,249 --> 00:29:03,309
What about plans for the upcoming year or so?

491
00:29:04,439 --> 00:29:08,619
And I know probably specifics in terms of everything is going to be redacted,

492
00:29:08,879 --> 00:29:15,799
but is there anything big coming up in the JAN3 world, nation-state

493
00:29:15,799 --> 00:29:17,349
side, and other technical side?

494
00:29:17,959 --> 00:29:22,239
Well I think it's follow through on a lot of the um projects that we have I think

495
00:29:22,399 --> 00:29:28,689
at the forefront is probably the the three big ones Columbia Suriname and Montenegro

496
00:29:29,059 --> 00:29:35,269
Uh we've sent out proposals to Suriname and Montenegro is coming right Philip

497
00:29:35,979 --> 00:29:36,269
It is.

498
00:29:36,309 --> 00:29:36,619
Yep.

499
00:29:37,019 --> 00:29:38,489
It is coming The proposal

500
00:29:38,489 --> 00:29:38,809
is being

501
00:29:38,809 --> 00:29:43,929
written right now Philip just stopped typing on his keyboard but it is almost

502
00:29:43,929 --> 00:29:51,829
done Columbia we haven't re engaged yet but there is a very specific project with

503
00:29:51,829 --> 00:29:57,099
Flare Gas that was identified and the president there said that he wanted to put

504
00:29:57,099 --> 00:30:00,789
together a working group but we've been really preoccupied with Suriname still

505
00:30:00,789 --> 00:30:05,439
so and Montenegro so we'll get there but a lot of it's just follow through It's

506
00:30:05,439 --> 00:30:09,019
not going to happen as quickly as say El Salvador where you have a president

507
00:30:09,019 --> 00:30:12,619
that is already orange pilled and is already a bitcoiner We're starting from

508
00:30:12,629 --> 00:30:17,714
zero so our challenge is a lot Bigger than you know just talking to an orange

509
00:30:17,714 --> 00:30:22,524
pilled president already which is pretty cool if you can get that but in 2024 I

510
00:30:22,524 --> 00:30:26,544
think we have a lot of other things on our roadmap Um a lot of other countries

511
00:30:26,544 --> 00:30:31,894
we need to go to Uh Argentina is one of them with Milei So we've been in

512
00:30:31,894 --> 00:30:36,774
contact with some of his people and we're arranging something probably later in the

513
00:30:36,774 --> 00:30:41,340
year because he's pretty busy right now dealing with everything that's going on

514
00:30:41,340 --> 00:30:47,050
the protest uh renegotiations with the IMF et cetera So Argentina is definitely

515
00:30:47,060 --> 00:30:51,360
a major target It seems like a great opportunity for them if they can move

516
00:30:51,360 --> 00:30:56,510
quickly because they do have a staggering amount of debt which could be alleviated

517
00:30:56,510 --> 00:31:01,754
with a Bitcoin bond So But also we should talk a bit about El Salvador I mean uh

518
00:31:01,784 --> 00:31:06,984
President Bukele has said they're going to do the Bitcoin bond now or next year

519
00:31:07,034 --> 00:31:07,424
So

520
00:31:07,730 --> 00:31:11,300
that should change things up too And I think drive a lot more countries

521
00:31:11,350 --> 00:31:15,740
to implement a Bitcoin strategy and potentially do a Bitcoin bond But in terms

522
00:31:15,740 --> 00:31:20,474
of Bitcoin bonds we've had discussions now with um Montenegro for a hydro bond

523
00:31:20,474 --> 00:31:25,007
Costa Rica for a hydro bond Ecuador for a hydro bond We probably will go to

524
00:31:25,007 --> 00:31:31,237
Ecuador and um Argentina definitely could use one too So there's a lot of things

525
00:31:31,237 --> 00:31:34,557
that need to be done and we just have to hunker down and keep pressing ahead

526
00:31:34,987 --> 00:31:41,791
Yeah, Argentina is very interesting, like we had a great talk with Ariel Aguilar,

527
00:31:41,834 --> 00:31:48,640
who's been trying to orange pill Milei since like 2014 or something, so he's

528
00:31:48,640 --> 00:31:52,545
definitely aware, I don't think, he's fully orange pill or anything like that.

529
00:31:52,855 --> 00:31:56,605
But Argentina is taking the more Misesian approach and not

530
00:31:56,615 --> 00:31:58,345
having legal tender at all.

531
00:31:58,345 --> 00:32:01,275
It's basically saying you could use whatever you want for trading

532
00:32:01,275 --> 00:32:05,965
with one another, which which is the preferable way, I guess.

533
00:32:06,382 --> 00:32:11,542
and Ariel said something about what was it, Luke, the minister of interior or

534
00:32:11,542 --> 00:32:13,492
something that was fully orange pilled?

535
00:32:13,918 --> 00:32:14,828
Diana Mondino

536
00:32:15,157 --> 00:32:16,807
Diana Mondino, that's the one, yeah.

537
00:32:17,308 --> 00:32:20,058
So, it's all very positive there.

538
00:32:20,724 --> 00:32:24,959
but what are you, what are your, what's your angle when going to Argentina?

539
00:32:25,009 --> 00:32:27,859
If they're not going to implement any legal tender laws or anything.

540
00:32:27,859 --> 00:32:34,999
Is it like the, geothermal and the, uh, uh, or geothermal, is it a bond thing?

541
00:32:35,527 --> 00:32:41,057
Well let's see I think we can go to a Bitcoin bond structure if they're

542
00:32:41,057 --> 00:32:45,497
interested in eliminating debt faster So when Milei took office he said something

543
00:32:45,497 --> 00:32:50,477
like Argentinians should expect that uh fixing things is going to take 20

544
00:32:50,477 --> 00:32:56,517
30 years but Bitcoin can accelerate that By issuing a number of Bitcoin

545
00:32:56,527 --> 00:33:02,807
bonds maybe 5 billion in Bitcoin bonds within 2024 could potentially in 10

546
00:33:02,817 --> 00:33:08,387
years just eliminate most of their debt So we'll see if that can happen but

547
00:33:08,387 --> 00:33:13,687
there's also um mining public-private partnerships where they they mine

548
00:33:13,687 --> 00:33:20,297
themselves as a country we met with uh Filip we met with their energy company YP

549
00:33:20,992 --> 00:33:22,792
Uh, YPF, YPF.

550
00:33:22,792 --> 00:33:23,112
Yeah.

551
00:33:24,102 --> 00:33:27,722
They are sitting, they're sitting on a lot of energy, a lot of oil reserves

552
00:33:27,722 --> 00:33:29,202
as well that have not been used.

553
00:33:29,272 --> 00:33:33,592
So really energy potent, uh, mining potential in Argentina is massive.

554
00:33:33,682 --> 00:33:35,982
So really one way to eliminate that, that is.

555
00:33:36,122 --> 00:33:36,622
is there.

556
00:33:37,324 --> 00:33:42,372
What else Just uh they could just buy Bitcoin too because they can just convert

557
00:33:42,932 --> 00:33:47,312
their reserves into Bitcoin or sell gold and buy Bitcoin There's a number

558
00:33:47,312 --> 00:33:51,822
of things they can do So we have to see what works for them I don't I think that

559
00:33:51,822 --> 00:33:56,852
Milei is going to become a Bukele and start talking about Bitcoin a lot but

560
00:33:56,892 --> 00:34:01,442
I have a feeling that he would adopt some pragmatic strategies but he's

561
00:34:01,442 --> 00:34:05,952
not going to become a Saylor or Bukele and talk about Bitcoin on podcasts

562
00:34:06,887 --> 00:34:14,271
No, but he's certainly flying the flag of libertarianism, let's just

563
00:34:14,271 --> 00:34:16,231
hope that he delivers on his promises.

564
00:34:16,718 --> 00:34:21,278
What Milei has been saying, he's very entertaining as a politician.

565
00:34:21,298 --> 00:34:26,298
He's got a lot of charisma and his policies really are, excellent.

566
00:34:26,908 --> 00:34:28,958
So he's definitely ticking a lot of boxes.

567
00:34:28,978 --> 00:34:31,868
There's a lot of conspiracy theories there saying he's linked to this or

568
00:34:31,868 --> 00:34:36,588
linked to that, but forgetting that aside right now, he's so far kind

569
00:34:36,608 --> 00:34:40,588
of delivering a lot of his promises and, he's getting things moving.

570
00:34:40,738 --> 00:34:44,738
So it's really exciting times to see a country like Argentina, who's had,

571
00:34:44,738 --> 00:34:49,358
who's had like a hundred years of fiat nightmares over and over again, of their

572
00:34:49,508 --> 00:34:51,688
currencies crashing over and over again.

573
00:34:51,998 --> 00:34:55,598
That someone like Milei someone, some Rothbardian, Ancap.

574
00:34:56,818 --> 00:34:57,568
uh, let's see.

575
00:34:57,628 --> 00:35:03,158
Uh, enigmatic, uh, charismatic person like this who's coming through could spur

576
00:35:03,438 --> 00:35:07,798
other, movements around the world to, to, to, uh, to do what, they're doing.

577
00:35:08,244 --> 00:35:09,654
But yeah, it's just exciting.

578
00:35:09,684 --> 00:35:12,444
I just, I'm, I'm a big, I'm a, I'm very entertained by him.

579
00:35:12,504 --> 00:35:12,954
You know?

580
00:35:13,384 --> 00:35:14,104
Yeah, so am

581
00:35:14,134 --> 00:35:14,204
I

582
00:35:14,339 --> 00:35:15,894
But the, proof is in the pudding.

583
00:35:15,899 --> 00:35:18,624
We're yet to see, but I'm very entertained by what he has to say.

584
00:35:18,624 --> 00:35:21,774
I speak Spanish and I have to say the translations are all true.

585
00:35:21,774 --> 00:35:23,364
He's actually saying all those things.

586
00:35:23,787 --> 00:35:24,597
That's fantastic.

587
00:35:24,647 --> 00:35:27,357
And he has the best haircut in politics ever,

588
00:35:27,927 --> 00:35:28,267
uh

589
00:35:28,397 --> 00:35:28,987
as well.

590
00:35:30,947 --> 00:35:35,787
So yeah, we're very hopeful, like, just let's just hope that he delivers on

591
00:35:35,787 --> 00:35:39,957
his promises and, and really manages to reduce the size of government.

592
00:35:39,957 --> 00:35:44,277
And the funny thing with his critics and the criticisms, uh, against

593
00:35:44,277 --> 00:35:48,711
him, it's like, uh, Rothbardian, as you say, and it's kind of hard

594
00:35:49,141 --> 00:35:52,071
to argue against Rothbardian logic.

595
00:35:52,681 --> 00:35:53,041
Mm hmm.

596
00:35:53,081 --> 00:35:53,241
Made

597
00:35:53,291 --> 00:35:54,341
the whole point of it.

598
00:35:54,811 --> 00:35:57,171
So, so it's, it's very entertaining to see.

599
00:35:57,171 --> 00:36:02,200
And I think like, if this can, you know, spread like a virus to, to other

600
00:36:02,200 --> 00:36:07,150
countries, and we can actually get a, a movement for, You know, reducing the

601
00:36:07,150 --> 00:36:11,810
size of the state every, like, that would just be the perfect timeline to live in.

602
00:36:12,559 --> 00:36:16,434
I think it's a Things are changing I mean there are a number of other

603
00:36:16,434 --> 00:36:22,394
elections in 2024 in LATAM and 2025 and onwards so we could see a wave of

604
00:36:22,414 --> 00:36:28,584
Bitcoin friendly presidents and prime ministers arrive There is one candidate

605
00:36:28,584 --> 00:36:36,034
in Mexico Eduardo Verastegui is a friend of Malay and they've been taking selfies

606
00:36:36,034 --> 00:36:39,994
together He also met with President Bukele but if he wins in Mexico that

607
00:36:39,994 --> 00:36:44,194
could be very interesting for Mexico So the tide seems to be turning We seem

608
00:36:44,234 --> 00:36:51,914
to be going back towards pragmatism reasoning and not money printing

609
00:36:53,089 --> 00:36:56,539
Hard, hard, hard, hard times create hard men.

610
00:36:58,274 --> 00:37:02,944
since we're talking about all the pragmatism in Latin America, in the

611
00:37:02,944 --> 00:37:09,074
realm of non Latin America, Are we going to potentially see any positives

612
00:37:09,074 --> 00:37:14,444
in the next couple of years in America's hat, uh, Canada, my, my,

613
00:37:14,444 --> 00:37:16,904
uh, my country or Samson as well.

614
00:37:17,354 --> 00:37:18,364
What's going on there?

615
00:37:18,364 --> 00:37:22,068
There's some big things, happening that, the Trudeau government seems to

616
00:37:22,068 --> 00:37:24,968
be, trying to do now, UBI specifically.

617
00:37:25,566 --> 00:37:30,797
Yeah I don't know I don't know Canada is such a lost cause I mean I was hoping

618
00:37:30,797 --> 00:37:35,167
we would get an election in 2024 Maybe we might but it doesn't seem that likely

619
00:37:35,167 --> 00:37:41,567
anymore The next election is going to be 2025 And I really hope that we get

620
00:37:41,567 --> 00:37:47,857
rid of Trudeau at that point and Pierre Poilievre wins But if Pierre doesn't win

621
00:37:48,097 --> 00:37:52,247
Canada's absolutely screwed I mean you can look at what they're doing right now

622
00:37:52,247 --> 00:37:58,397
They're talking about UBI and giving every adult in Canada 2000 Canadian So that's

623
00:37:58,427 --> 00:38:04,051
like 1600 US dollars but that's just not possible It's not even a failure of

624
00:38:04,051 --> 00:38:08,481
economics at this point It's a failure of Basic math Like you do the math there's

625
00:38:08,481 --> 00:38:15,991
30 probably 32 million adults in Canada 39 population You give everyone a 2000

626
00:38:16,011 --> 00:38:21,231
that's 60 billion some odd dollars and each year you're getting close to a

627
00:38:21,231 --> 00:38:29,001
trillion dollars Canadian And our GDP is like maybe 2 trillion US So The math

628
00:38:29,041 --> 00:38:31,361
just doesn't check out It's impossible

629
00:38:31,462 --> 00:38:33,692
Because just to clarify, that's, that's per month, right?

630
00:38:33,742 --> 00:38:34,732
You're talking per month?

631
00:38:35,247 --> 00:38:40,597
well it's 60 something billion per month I think and per year it's getting close to

632
00:38:40,597 --> 00:38:46,341
a trillion Canadian dollars So that's half of GDP a little bit less than half of GDP

633
00:38:46,709 --> 00:38:50,019
So it's not a failure of economics It's not a failure of understanding of money

634
00:38:50,359 --> 00:38:56,994
It's a failure of simple math Like Grade 8 math Just do the math Multiply it out

635
00:38:57,287 --> 00:38:59,219
well, it's a failure of economics too.

636
00:38:59,947 --> 00:39:03,297
it's a failure of everything but it's still like a fundamental failure of grade

637
00:39:03,297 --> 00:39:09,537
8 math Even grade 7 grade 6 math if you do it you could probably get a grade 6 kid

638
00:39:09,547 --> 00:39:15,007
doing that But the realistic thing that we can do in Canada is not universal basic

639
00:39:15,007 --> 00:39:22,527
income but universal basic Tim Hortons Give everyone a 100 Timmy Ho card a month

640
00:39:22,647 --> 00:39:27,627
and that will cost us about 48 billion a year We could probably afford that

641
00:39:27,966 --> 00:39:31,786
I'll have to remember to go to that Tim Hortons next time I fly, Luke.

642
00:39:32,106 --> 00:39:35,236
There's apparently one here at Alicante Airport that I could,

643
00:39:35,836 --> 00:39:37,576
so I could support Canada a bit.

644
00:39:38,611 --> 00:39:41,771
Well, I think the chain is owned by Americans now, so you're not really

645
00:39:41,771 --> 00:39:45,531
getting so much support, and the quality of the donuts has gone down in the

646
00:39:45,531 --> 00:39:51,141
last five years or so, and the they changed recipes, yeah, yeah, Canada,

647
00:39:51,231 --> 00:39:54,671
it's the, yeah, it's the picture of Canada going downhill, basically.

648
00:39:54,861 --> 00:39:59,901
the way I see it, universal basic income isn't universal, it's not basic,

649
00:40:00,081 --> 00:40:05,051
and it's not fucking income, and the federal reserve bank isn't a bank,

650
00:40:05,351 --> 00:40:07,891
has no reserves, and isn't federal.

651
00:40:08,361 --> 00:40:14,164
So, so, all of this stuff is just so backwards, the craziest thing

652
00:40:14,164 --> 00:40:18,874
is that people really do seem to think that money grows on trees.

653
00:40:19,509 --> 00:40:24,899
And that you can somehow conjure up new money and it's gonna be just as valuable

654
00:40:24,899 --> 00:40:27,599
as the other money that's floating around.

655
00:40:27,699 --> 00:40:32,349
But it's, it's so basic and yet people fall for it.

656
00:40:32,349 --> 00:40:33,649
It's, pretty scary.

657
00:40:34,444 --> 00:40:38,444
And closer to home Infinity Day is not Infinity Day It

658
00:40:38,444 --> 00:40:42,544
shouldn't be on 8 21 it's 8 14

659
00:40:43,039 --> 00:40:45,419
Okay, elaborate.

660
00:40:46,554 --> 00:40:50,044
Because there's so many there's like 5 plus million lost coins

661
00:40:50,709 --> 00:40:55,879
Oh yeah, yeah, this is another joke flying head, but no, no, the 21 is still there.

662
00:40:56,322 --> 00:40:58,772
we don't know it's ever gonna move or not.

663
00:40:59,092 --> 00:41:03,082
And, uh, you can't really meme everything over 14 million.

664
00:41:03,656 --> 00:41:04,786
doesn't really work.

665
00:41:07,411 --> 00:41:08,731
It's an inside joke just

666
00:41:08,766 --> 00:41:09,516
Oh yeah.

667
00:41:09,516 --> 00:41:09,517
Yeah.

668
00:41:10,241 --> 00:41:13,531
We're all in the, we're all in the business of number based memes, right?

669
00:41:13,911 --> 00:41:18,651
821, Gen 3, is, we, we've all got to stick to our memes so that they

670
00:41:18,651 --> 00:41:23,241
propagate further and, and come into more and more, uh, power together, right?

671
00:41:23,566 --> 00:41:23,956
Yes

672
00:41:24,306 --> 00:41:24,486
yeah.

673
00:41:24,486 --> 00:41:25,926
Maybe we should have that day on Jan.

674
00:41:25,926 --> 00:41:26,946
14th instead.

675
00:41:27,086 --> 00:41:27,786
Samson, what do you

676
00:41:27,786 --> 00:41:28,086
think

677
00:41:29,116 --> 00:41:33,706
Isn't there something like uh January 9th is uh the real Genesis block or something

678
00:41:34,146 --> 00:41:35,636
I remember there's something there

679
00:41:35,696 --> 00:41:35,726
but

680
00:41:35,736 --> 00:41:36,186
Oh, yeah,

681
00:41:36,396 --> 00:41:36,876
recall

682
00:41:36,956 --> 00:41:40,506
Took, well, it took it like a week to mine the first block or something, didn't it?

683
00:41:40,676 --> 00:41:41,396
like two weeks.

684
00:41:41,396 --> 00:41:41,636
Right.

685
00:41:42,096 --> 00:41:42,656
Two weeks.

686
00:41:43,386 --> 00:41:48,406
I think Satoshi waited for quite a while for Hal to come online, I guess.

687
00:41:49,356 --> 00:41:49,566
Where

688
00:41:49,626 --> 00:41:52,996
JAN3 is not JAN3 either all a lie

689
00:41:54,914 --> 00:41:57,894
But it is good marketing, so, I guess we'll stick with it, right?

690
00:41:58,044 --> 00:41:58,974
You guys will stick with it?

691
00:41:59,214 --> 00:41:59,444
Yeah.

692
00:42:00,257 --> 00:42:05,822
Filip, we saw a tweet of yours the other day about, uh, the, um, pros, uh, and

693
00:42:06,172 --> 00:42:11,559
almost no cons of, uh, going back to, um, monarchy structure, for, uh, the

694
00:42:11,559 --> 00:42:13,939
tweet was in Serbian or, uh, originally,

695
00:42:14,099 --> 00:42:17,199
is, there is, no, no, I actually wrote it in English, but there

696
00:42:17,199 --> 00:42:18,879
is an English version below.

697
00:42:18,889 --> 00:42:19,449
So, um,

698
00:42:19,469 --> 00:42:19,869
oh, yeah.

699
00:42:20,709 --> 00:42:23,339
actually took down the original tweet because the translation was

700
00:42:23,339 --> 00:42:27,999
not good enough, so I retweeted it and with an English version below.

701
00:42:28,569 --> 00:42:33,069
But yes, this is in response to the election mess that

702
00:42:33,159 --> 00:42:34,689
we've had here in Serbia.

703
00:42:35,589 --> 00:42:39,102
We've had snap elections that were called earlier this year.

704
00:42:39,472 --> 00:42:42,462
This was post the school shooting.

705
00:42:42,462 --> 00:42:46,442
I don't know if you guys heard about, but back in May 3rd this

706
00:42:46,582 --> 00:42:50,592
year, there was a school shooting where about eight kids were killed.

707
00:42:51,232 --> 00:42:56,146
Nine kids actually were killed in a predominant, quite an affluent

708
00:42:56,276 --> 00:42:58,256
school in downtown Belgrade.

709
00:42:58,286 --> 00:43:01,066
Actually, the same school that my wife went to when she was a kid.

710
00:43:01,766 --> 00:43:04,796
since then, there was, there's every weekend, every, every weekend

711
00:43:04,796 --> 00:43:06,576
there's been, there have been.

712
00:43:06,996 --> 00:43:10,686
protests, big organizations, massive amounts of people taking to the

713
00:43:10,686 --> 00:43:13,636
streets that were first saying, you know, anti violence protests, but

714
00:43:13,686 --> 00:43:18,076
those kind of then formed into anti government, anti state protests.

715
00:43:18,916 --> 00:43:22,676
So the state decided, the, uh, the ruling party decided to do snap

716
00:43:22,696 --> 00:43:27,486
elections and they organized that for the 19th, 17th of December recently.

717
00:43:28,376 --> 00:43:31,116
And the elections happened.

718
00:43:31,851 --> 00:43:33,831
And there was a lot of, let's call it obvious.

719
00:43:33,871 --> 00:43:36,321
I don't want to get myself in trouble over here, but I said there was a

720
00:43:36,331 --> 00:43:40,847
lot of obvious, uh, inconsistencies with the way the results were

721
00:43:40,847 --> 00:43:42,987
tallied and how voting happened.

722
00:43:42,987 --> 00:43:47,007
And there was a lot of, uh, incidents and, uh, and scandals here and

723
00:43:47,007 --> 00:43:51,867
there, and Belgrade was meant to be won by the opposition party,

724
00:43:52,237 --> 00:43:54,747
but it transpired that they didn't.

725
00:43:55,017 --> 00:44:00,057
The opposition, the sorry, the leading party went on air even before the

726
00:44:00,067 --> 00:44:03,927
electoral commission was announced the result and claimed victory

727
00:44:04,297 --> 00:44:05,737
and claimed victory of Belgrade.

728
00:44:05,847 --> 00:44:09,667
So this has pissed off a lot of people and a lot of people have taken to the

729
00:44:09,667 --> 00:44:14,277
streets ever since for now for two weeks, um, demanding that the elections are

730
00:44:14,277 --> 00:44:21,007
cancelled and rerun and done fairly maybe with some sort of I don't know, guidance

731
00:44:21,527 --> 00:44:24,117
or intermediary or something like that.

732
00:44:24,917 --> 00:44:28,467
And I've been getting a lot of pressure to comment on this.

733
00:44:28,887 --> 00:44:33,187
And meanwhile, I wish everybody a happy Christmas.

734
00:44:33,797 --> 00:44:35,677
A happy Gregorian Christmas.

735
00:44:35,857 --> 00:44:39,217
That's the first Christmas we celebrate via the Julian

736
00:44:39,217 --> 00:44:40,687
calendar, the old school calendar.

737
00:44:41,232 --> 00:44:44,382
And I got a lot of, uh, a lot of, a lot of, uh, people saying, you

738
00:44:44,382 --> 00:44:45,962
know, why don't you care about us?

739
00:44:46,002 --> 00:44:47,092
Comment, comment, comment.

740
00:44:47,112 --> 00:44:48,422
So I was like, okay, I'm going to comment.

741
00:44:48,462 --> 00:44:53,572
So I comment that I think it's time that, uh, I, I'm not going to be

742
00:44:53,572 --> 00:44:56,522
a critic, but I'm going to be, I'm going to show my support for the,

743
00:44:56,522 --> 00:45:00,752
uh, for the government's model that I truly supported and that is monarchy.

744
00:45:01,132 --> 00:45:05,962
And then I listed all the, I voted by the way, and I said that the

745
00:45:05,962 --> 00:45:12,336
reason I voted was, was because I wanted people to, to exercise their,

746
00:45:12,786 --> 00:45:15,359
civil duties and to go out and vote.

747
00:45:15,749 --> 00:45:19,439
But I said, you know, I voted, I'm not aligned to any political party.

748
00:45:19,439 --> 00:45:23,039
And I said, my, my ballot may have been empty or, you know, but doesn't matter.

749
00:45:23,219 --> 00:45:25,799
I, I was just getting people to, to, to, to, to vote.

750
00:45:26,644 --> 00:45:29,894
And I, and basically I gave out reasons about why monarchy, I guess,

751
00:45:29,894 --> 00:45:32,594
you know, most of those reasons are, I mean, they're, they're

752
00:45:32,624 --> 00:45:37,014
aligned with, Hans-Hermann Hoppe's democracy, the god that failed.

753
00:45:37,694 --> 00:45:40,994
And I mean, I'll give you a few of them and it's basically that monarchs

754
00:45:41,064 --> 00:45:42,634
have much more long term planning.

755
00:45:43,829 --> 00:45:48,139
Monarchs have a strong sense of individual property rights.

756
00:45:48,369 --> 00:45:53,119
If citizens in their country's property rights are protected, are strongly

757
00:45:53,119 --> 00:46:00,082
protected, then you won't have any uprisings, any, any, Disgruntled

758
00:46:00,207 --> 00:46:03,547
citizens that will try and overthrow the monarch because their properties

759
00:46:03,547 --> 00:46:05,027
are being taken away from them.

760
00:46:05,027 --> 00:46:07,347
So that's, kind of obvious.

761
00:46:07,837 --> 00:46:11,747
monarchies are stable and they have continuity, you know, there's,

762
00:46:11,857 --> 00:46:16,117
uh, there, there's predictable succession and it's a stable form of

763
00:46:16,127 --> 00:46:17,907
governments, which kind of helps with.

764
00:46:18,672 --> 00:46:24,332
Economic and foreign policy planning In monarchies is a bit reduced, rent seeking,

765
00:46:24,962 --> 00:46:30,938
as opportunities as well, protection against Uh, majority tyranny, monarchies

766
00:46:30,963 --> 00:46:34,918
are less prone to the tyranny, tyranny of the majority as the monarchy's legitimate.

767
00:46:34,948 --> 00:46:38,818
The legitimacy isn't dependent on majority opinion.

768
00:46:39,133 --> 00:46:39,742
also.

769
00:46:40,517 --> 00:46:44,997
Monarchies are not subject to the election cycle driven short termism.

770
00:46:45,761 --> 00:46:49,192
I gave a few more po points, basically, saying, you know, the incentive for

771
00:46:49,192 --> 00:46:53,747
personal gains, the fo the short fo uh, four or five term cycles that

772
00:46:54,227 --> 00:46:58,797
democracy go through, meaning that, democratic leaders have an incentive

773
00:46:58,797 --> 00:47:02,187
to accumulate as much wealth as they can during those small cycles.

774
00:47:02,187 --> 00:47:08,357
And, there's also, yeah, basically absolute accountability in democracies.

775
00:47:08,377 --> 00:47:10,247
Leaders don't have absolute accountability.

776
00:47:10,297 --> 00:47:14,467
They can just be, they can just be sacked or fired or whatever, whereas monarch has.

777
00:47:14,982 --> 00:47:18,832
absolute accountability for all his actions, therefore will take sound,

778
00:47:18,832 --> 00:47:22,392
prudent decisions because otherwise his families and his generations to come

779
00:47:22,392 --> 00:47:24,282
will be affected by his stupid decisions.

780
00:47:25,042 --> 00:47:25,822
What I was

781
00:47:25,917 --> 00:47:28,847
for a purer monarchy Or uh

782
00:47:28,862 --> 00:47:29,802
this is, this is the thing.

783
00:47:29,822 --> 00:47:35,082
I was, I was giving, I was giving examples and I was giving, um, points for, uh,

784
00:47:35,112 --> 00:47:36,702
pure monarchy, for absolute monarchy.

785
00:47:36,702 --> 00:47:37,552
I didn't say this.

786
00:47:38,077 --> 00:47:41,097
But that's what I was saying, because in order to, uh, to criticize

787
00:47:41,107 --> 00:47:46,117
the Republic, I had to give pure examples of absolute monarchy.

788
00:47:47,207 --> 00:47:51,477
That would be ideal, but many people, many, uh, people around the world

789
00:47:51,477 --> 00:47:55,267
would see this as, uh, as just, uh, see monarchies as too much of

790
00:47:55,267 --> 00:47:57,817
a, uh, as, as, as a dictatorship.

791
00:47:57,837 --> 00:48:00,037
They associate monarchies with dictatorships.

792
00:48:00,527 --> 00:48:03,007
There's a big difference, but we're not going to get into those differences.

793
00:48:03,732 --> 00:48:07,662
So, if really, realistically, if monarchy was going to return to

794
00:48:07,732 --> 00:48:11,332
Serbia, then I would be pushing for parliamentary or constitutional monarchy.

795
00:48:12,162 --> 00:48:19,222
So, I, for example, would create a model similar to that of Lichtenstein and the

796
00:48:19,222 --> 00:48:21,572
democracy that we see in Switzerland.

797
00:48:22,250 --> 00:48:24,650
the reason why I chose Switzerland is 'cause of that these, their

798
00:48:24,650 --> 00:48:28,820
decentralized approach, according to their cantons, they have mu uh,

799
00:48:28,880 --> 00:48:30,770
uh, they have direct democracy.

800
00:48:30,800 --> 00:48:33,320
And this is something that most of the world doesn't really have.

801
00:48:33,320 --> 00:48:37,952
It's just the ability to, um, I mean, in the Canton they

802
00:48:37,952 --> 00:48:39,842
have a high degree of autonomy.

803
00:48:39,842 --> 00:48:45,172
They, um, they have policies tailored to local needs, and they have the count

804
00:48:45,172 --> 00:48:47,092
on sort of competing with each other.

805
00:48:47,921 --> 00:48:52,201
Basically, it empowers citizens to have a say in the legislative process,

806
00:48:52,321 --> 00:48:58,471
uh, and it provides citizens with more participation and it gives citizens more,

807
00:48:58,471 --> 00:49:02,471
um, more individual autonomy and self determination to be part of that process.

808
00:49:02,611 --> 00:49:04,901
So it's, it's just much more beneficial.

809
00:49:04,931 --> 00:49:10,311
Plus the parliamentary component inspired by Lichtenstein's.

810
00:49:10,461 --> 00:49:12,131
What's known as the interest side.

811
00:49:12,131 --> 00:49:16,371
Landstag is the parliamentary aspect of it, where the monarch

812
00:49:16,421 --> 00:49:20,581
kind of elects the prime minister and the cabinet and it's right.

813
00:49:20,621 --> 00:49:24,797
He was recommended by the monarch the monarch's role is essentially

814
00:49:24,797 --> 00:49:27,767
just symbolic and focused on areas like foreign policy.

815
00:49:28,107 --> 00:49:32,517
Whereas the cabinet and the, and the ministers will be, will be

816
00:49:32,537 --> 00:49:34,447
taking more role of the executive.

817
00:49:34,767 --> 00:49:37,737
But with all this, you'll have checks on the power on, on the,

818
00:49:37,747 --> 00:49:41,597
you'll have checks on the powers on the, sorry, the separation of

819
00:49:41,597 --> 00:49:47,527
powers across the legislative, executive and judicial branches.

820
00:49:48,327 --> 00:49:52,927
I mean, I'm trying to, I'm trying to form together this argument now.

821
00:49:53,227 --> 00:49:57,137
My first tweet was there to just activate people, just to

822
00:49:57,227 --> 00:49:58,677
trigger people, which it did.

823
00:49:59,157 --> 00:50:03,907
But I'll be following up with a, with a, with a more, let's say, um, with

824
00:50:03,907 --> 00:50:08,177
a, with more of a plan, a model of how I see monarchy can work in Serbia.

825
00:50:08,177 --> 00:50:12,327
And I'll give my model, which is the, which is that of, uh, the monarchy, the

826
00:50:12,327 --> 00:50:16,687
Parliamentary monarchy of Liechtenstein and the direct democracy of Switzerland.

827
00:50:17,047 --> 00:50:21,317
And this is also based on Prince Hans Adam's view of the state in

828
00:50:21,327 --> 00:50:24,307
the third millennium, and to say that the state should act more as

829
00:50:24,307 --> 00:50:28,999
a service company, should act as a service company there to cater to its

830
00:50:28,999 --> 00:50:30,647
citizens and not the other way around.

831
00:50:30,937 --> 00:50:33,217
It should be, it should be there to attract citizens

832
00:50:33,257 --> 00:50:34,907
and not to push citizens out.

833
00:50:35,457 --> 00:50:38,487
And this is something that we've been seeing all over democracies around the

834
00:50:38,487 --> 00:50:42,974
world is how, republics, democracies, all these places, they're not really doing

835
00:50:42,974 --> 00:50:48,454
their best to attract citizens and you're getting a lot of net, net migration,

836
00:50:48,464 --> 00:50:51,214
net, uh, migration happening out of, uh,

837
00:50:51,214 --> 00:50:51,434
uh

838
00:50:51,434 --> 00:50:56,099
specifically in Canada we have uh reverse immigration So

839
00:50:56,324 --> 00:50:56,734
That's it.

840
00:50:56,774 --> 00:50:57,294
Reverse.

841
00:50:57,769 --> 00:51:02,169
are leaving because they They can't afford to live here anymore they can't

842
00:51:02,179 --> 00:51:05,969
make money anymore so they're just better off going home And I've read

843
00:51:05,969 --> 00:51:11,059
stories of people coming to Canada and leaving in debt because it's so bad here

844
00:51:11,482 --> 00:51:13,972
I just want to say that in Serbia, Serbia, we've had, we have a

845
00:51:14,192 --> 00:51:16,112
serious issue of net out migration.

846
00:51:16,282 --> 00:51:19,912
Um, we've had a serious issue of, uh, brain drain for many, many years.

847
00:51:19,932 --> 00:51:23,342
And that was normal because, things in Serbia and the region are always being

848
00:51:23,472 --> 00:51:27,582
rather unstable and Serbians in general, they become, they're quite educated a lot.

849
00:51:27,582 --> 00:51:32,372
They're technical, educated, uh, people, and then they end up getting better

850
00:51:32,372 --> 00:51:34,192
jobs and better lives outside of Serbia.

851
00:51:34,744 --> 00:51:39,944
in this, the system that I propose is, is one that will allow, will, will,

852
00:51:39,994 --> 00:51:44,386
will foster, industry and focus on the areas that Serbia can excel in, which

853
00:51:44,386 --> 00:51:50,646
is, will be technology, but also, uh, agricultural and other areas that Serbia

854
00:51:50,646 --> 00:51:55,979
does well in, get the state to be acting like a service company, and, Not trying

855
00:51:55,979 --> 00:52:01,199
to extract wealth for them, but actually giving them less tax, no tax, and having

856
00:52:01,199 --> 00:52:06,401
them, giving the Serbs the, uh, the choice not to want to leave the country.

857
00:52:06,521 --> 00:52:09,481
At the moment, Serbs really want to leave the country, and I don't see

858
00:52:09,481 --> 00:52:12,921
many Serbs coming back, although I have seen Serbs coming back from Canada.

859
00:52:14,881 --> 00:52:15,701
you're welcome you're

860
00:52:15,921 --> 00:52:16,221
Yeah,

861
00:52:16,671 --> 00:52:21,843
But yeah I really like the I really like the Swiss model because um They're

862
00:52:21,873 --> 00:52:27,073
politicians they're people in Congress they're not full time politicians like

863
00:52:27,073 --> 00:52:31,263
in a lot of places like for example Canada They have a real job they might

864
00:52:31,263 --> 00:52:36,493
be a farmer or you know working an office job or something and Being a part of the

865
00:52:36,493 --> 00:52:41,926
government and participating in that is more of an addendum to their main identity

866
00:52:42,186 --> 00:52:46,956
So they don't lose grounding to reality They understand like they have to earn a

867
00:52:46,956 --> 00:52:52,516
living They understand things cost money Whereas when you have that segregation of

868
00:52:52,596 --> 00:52:58,028
the people making the rules and governing Between them their lives and reality

869
00:52:58,048 --> 00:53:03,358
then that's where you get things like UBI that are so disconnected from what

870
00:53:03,448 --> 00:53:08,738
can be possible or what even should be talked about It's just like some ethereal

871
00:53:08,758 --> 00:53:14,678
idea out there that seems like it might work and it sounds good on paper to some

872
00:53:14,678 --> 00:53:17,688
people but it's impractical in all essence

873
00:53:18,241 --> 00:53:19,381
Completely impractical.

874
00:53:19,441 --> 00:53:24,841
That's why I use, I use Canton Naga as an example, and I also use Dubai as an

875
00:53:24,841 --> 00:53:30,381
example of how you become competitive as a nation, as an area, as a jurisdiction.

876
00:53:30,801 --> 00:53:33,386
And those two places have in common as they are in.

877
00:53:34,126 --> 00:53:38,613
Seeing a lot of growth happening through tax advantage, locate, um, set up,

878
00:53:38,813 --> 00:53:42,553
and you're having a lot of businesses and people relocating to these areas.

879
00:53:43,023 --> 00:53:44,443
And this can happen in any country.

880
00:53:44,463 --> 00:53:47,813
Countries should be competing, states, governments should be

881
00:53:47,813 --> 00:53:51,153
competing with each other to try and attract, sit there, to retain

882
00:53:51,373 --> 00:53:52,823
citizens and attract other citizens.

883
00:53:53,133 --> 00:53:54,343
And this is not happening.

884
00:53:54,911 --> 00:53:59,505
Dubai is an interesting case because the argument Western countries always

885
00:53:59,505 --> 00:54:04,798
make is that freedom of speech is the most important thing, but the

886
00:54:04,798 --> 00:54:09,418
most important aspect of freedom of speech is freedom of speech.

887
00:54:09,598 --> 00:54:14,808
Monetary speech, because as Bitcoin has clearly pointed out to us, uh,

888
00:54:14,848 --> 00:54:17,138
money is nothing but information.

889
00:54:17,398 --> 00:54:20,058
It doesn't have to be anything more than just information.

890
00:54:20,698 --> 00:54:24,558
And as long as you, uh, as you restrict that, you don't

891
00:54:24,568 --> 00:54:26,298
have any freedom of speech.

892
00:54:26,718 --> 00:54:30,908
Uh, so property rights are way more important than freedom of speech, and

893
00:54:30,908 --> 00:54:36,431
this is why people go from Europe to Dubai, which, uh, You know, from a

894
00:54:37,021 --> 00:54:41,551
western democracy perspective, Dubai sort of restricts freedom of speech,

895
00:54:41,961 --> 00:54:47,501
but from a monetary perspective, the European countries restrict speech

896
00:54:47,511 --> 00:54:52,361
even more, because money is the most important form of speech there is.

897
00:54:52,911 --> 00:54:57,659
So I think that this notion of freedom of speech is wrong, because

898
00:54:57,659 --> 00:55:01,300
it, uh, Discludes money as speech.

899
00:55:01,436 --> 00:55:02,606
it's just not there.

900
00:55:02,616 --> 00:55:04,336
That narrative is just not there.

901
00:55:04,376 --> 00:55:07,696
And, um, yeah, that's the most important aspect.

902
00:55:08,095 --> 00:55:13,565
Europe is the best example of dissociation from reality and people governing I

903
00:55:13,565 --> 00:55:19,515
mean you have Spain now shutting down nuclear plants joining Germany in a race

904
00:55:19,545 --> 00:55:24,865
to the dark ages So it's just like uh the best example of what not to do I

905
00:55:25,050 --> 00:55:30,160
I'll have to get a diesel generator, Luke, like, to continue to do the pod from

906
00:55:30,160 --> 00:55:32,860
here, uh, if they shut down the reactor.

907
00:55:34,015 --> 00:55:35,554
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932
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well, so, uh, Filip, I think the, uh, the question that everybody, like

933
00:56:52,362 --> 00:56:56,702
the most, the most common objection to a monarchy in general is like,

934
00:56:56,702 --> 00:56:58,676
how do you prevent Joffrey Baratheon

935
00:56:58,727 --> 00:57:02,047
when when when Filip was going on and on about uh Absolute Monarchy I was gonna

936
00:57:02,047 --> 00:57:03,577
say have you watched Game of Thrones

937
00:57:03,822 --> 00:57:04,519
yeah, exactly.

938
00:57:04,525 --> 00:57:06,295
What's the guarantee that Filip doesn't go mad

939
00:57:06,560 --> 00:57:07,420
here's the thing.

940
00:57:07,420 --> 00:57:10,790
I think the fact that monarchy has never been tried under a

941
00:57:10,790 --> 00:57:12,260
proper hard money standard.

942
00:57:12,260 --> 00:57:15,000
Yes, it's been tried on the gold standard, but it hasn't been

943
00:57:15,010 --> 00:57:17,220
tried under a Bitcoin standard.

944
00:57:17,450 --> 00:57:19,930
The gold standard was always going to lead to more fiat.

945
00:57:21,420 --> 00:57:26,303
I think under under Bitcoin standard, you can't It's a system that can't be gamed.

946
00:57:26,833 --> 00:57:30,203
So you have, you have a Jeff, a Jeff, what's, Joffrey, who

947
00:57:30,203 --> 00:57:30,993
is it, the character that

948
00:57:31,116 --> 00:57:32,185
Joffrey Baratheon,

949
00:57:32,222 --> 00:57:35,642
there's a history of Mad Kings Like there's several in the it's all

950
00:57:35,652 --> 00:57:37,312
the whole story is about Mad Kings

951
00:57:37,662 --> 00:57:41,932
Yeah, the Game of Thrones is based on the War of the, the, the,

952
00:57:41,942 --> 00:57:48,384
the Roses, like, or, which was a horrible episode of, uh, UK history.

953
00:57:48,816 --> 00:57:52,876
But then we're just talking about, uh, drama on TV, and that, that

954
00:57:53,021 --> 00:57:55,771
but we're not, we're talking about an actual historical event.

955
00:57:56,361 --> 00:57:59,801
Uh, the, the, the events it's based on, like, at

956
00:57:59,971 --> 00:58:00,791
Four of the Roses

957
00:58:00,931 --> 00:58:02,231
War of the Roses, yeah.

958
00:58:02,784 --> 00:58:06,684
Well, my argument against that would be, well, against having a bad egg

959
00:58:06,774 --> 00:58:10,294
come and try and destroy everything, is that within the structure, that's why

960
00:58:10,364 --> 00:58:16,474
something like Lichtenstein's Landstag, um, setup is, is ideal, is because you

961
00:58:16,474 --> 00:58:19,039
will have checks within that Royal Family.

962
00:58:19,049 --> 00:58:24,369
You'll have balances to make sure that if you do get a bad egg, like a Joffrey, then

963
00:58:24,499 --> 00:58:30,429
he, his actions will, uh, will be, will be scrutinized and he can easily be taken

964
00:58:30,429 --> 00:58:35,797
out or put to the side and someone else replaced before he does anything stupid.

965
00:58:36,309 --> 00:58:39,749
I mean, these are the things that would happen in a pure absolute monarchy.

966
00:58:39,749 --> 00:58:42,809
Yes, we have, we have problems with that, but in a, in a more, in a state,

967
00:58:43,069 --> 00:58:47,879
in a more, let's say, decentralized constitutional parliamentary monarchy

968
00:58:47,879 --> 00:58:51,379
with checks, with checks and balances within the family with, you'll have

969
00:58:51,409 --> 00:58:56,039
advisory bodies, you'll have like a, uh, a Privy Council, you have a Crown Council

970
00:58:56,039 --> 00:59:00,296
and you will have, the executive board, which is like the cabinet ministers,

971
00:59:00,306 --> 00:59:02,176
like of that form part of the government.

972
00:59:02,746 --> 00:59:06,945
If the king starts wanting to do crazy things like print loads of money, which

973
00:59:06,945 --> 00:59:11,230
a won't ever happen under a Bitcoin standard, but he will then, okay, okay,

974
00:59:11,235 --> 00:59:14,565
I can't that, that, that crazy king will say, okay, I wanna do something else.

975
00:59:14,565 --> 00:59:17,385
I wanna impose X, y, and Z laws that will favor me, that will

976
00:59:17,385 --> 00:59:19,005
favor me and my family better.

977
00:59:19,005 --> 00:59:22,875
But then you'll have advisory bodies going, uh, pushing against

978
00:59:22,880 --> 00:59:25,935
that, and I guess you'll have a lot of checks and balances in that.

979
00:59:26,650 --> 00:59:28,840
organization to stop him from doing that.

980
00:59:29,492 --> 00:59:31,702
and you will have, you will, and he will be easily replaced.

981
00:59:32,625 --> 00:59:37,475
Didn't we talk about governance structures when I was in Prague I think we did in

982
00:59:37,475 --> 00:59:39,435
our Freedom Footprint show back then

983
00:59:40,210 --> 00:59:40,540
Oh yeah.

984
00:59:40,540 --> 00:59:40,720
Yeah.

985
00:59:40,720 --> 00:59:44,860
We, I, I think we did And, and we talked about your strategy game as well.

986
00:59:44,860 --> 00:59:46,120
I think it to that.

987
00:59:46,364 --> 00:59:46,994
Infinite fleet.

988
00:59:46,994 --> 00:59:53,004
But anyways, I don't think the answer is democracy or constitutional

989
00:59:53,004 --> 00:59:54,664
monarchy or anything like that.

990
00:59:54,964 --> 00:59:58,444
I think ultimately we have to evolve to a system of governance that's based on

991
00:59:58,444 --> 01:00:04,324
consensus, whereby you have foundational rules and you don't keep making rules.

992
01:00:05,109 --> 01:00:11,269
If you, if you give a guy a hammer and you say your job is to nail nails into walls,

993
01:00:11,799 --> 01:00:14,209
he'll cover your entire house with nails.

994
01:00:14,309 --> 01:00:16,049
And that's really what lawmakers are doing.

995
01:00:16,069 --> 01:00:17,679
Like, your job is lawmaker.

996
01:00:17,839 --> 01:00:18,889
They'll make tons of laws.

997
01:00:19,129 --> 01:00:21,559
Most of the lawmakers these days don't even read the laws.

998
01:00:21,559 --> 01:00:26,539
And there's no way that the laws are working in a holistic,

999
01:00:26,539 --> 01:00:28,389
unified, harmonious system.

1000
01:00:28,679 --> 01:00:32,979
There are, there are probably loopholes and, Contradictions and everything

1001
01:00:33,009 --> 01:00:37,599
like that, and what that does is it allows the law to be weaponized to be

1002
01:00:37,599 --> 01:00:41,559
used against normal people, because if they have the will, they'll find some

1003
01:00:41,559 --> 01:00:46,209
justification that you broke some obscure law somehow and throw you in the gulag.

1004
01:00:46,249 --> 01:00:48,489
So there's a risk to that, I think.

1005
01:00:48,779 --> 01:00:52,279
Ultimately, the final evolution of human governance is you have something

1006
01:00:52,279 --> 01:00:55,039
close to like the Ten Commandments in Infinite Fleet, we call it

1007
01:00:55,269 --> 01:00:58,949
foundational law, and then you might have some bylaws on top of that.

1008
01:00:59,129 --> 01:01:03,089
But the whole body has to be very minimalistic because just like with

1009
01:01:03,089 --> 01:01:08,499
money, you don't want to be having to spend all your time investing

1010
01:01:08,499 --> 01:01:09,929
your money to protect your savings.

1011
01:01:10,169 --> 01:01:13,734
You shouldn't have to worry about All these new laws coming out all

1012
01:01:13,734 --> 01:01:17,364
the time and like in Canada, I think we have to have tampons in men's

1013
01:01:17,394 --> 01:01:18,894
bathrooms now and things like that.

1014
01:01:19,174 --> 01:01:22,634
Like, you should be able to just live your life, you know, have your family, enjoy

1015
01:01:22,634 --> 01:01:25,964
time with your family and not have to worry about having to invest your money

1016
01:01:25,964 --> 01:01:29,924
and having to follow what trends the government is pushing this, this week.

1017
01:01:30,354 --> 01:01:30,624
Yeah.

1018
01:01:30,864 --> 01:01:35,004
The, this back, back to hop and, and, uh, Roth Barian thoughts here.

1019
01:01:35,302 --> 01:01:39,112
like the, the, the another counter argument to the Joffrey Brean

1020
01:01:39,112 --> 01:01:42,832
situation is that that can happen in a democracy too, like Hitler,

1021
01:01:42,832 --> 01:01:44,692
Mussolini, or Macron or Trudeau.

1022
01:01:45,082 --> 01:01:47,332
But they all got elected in, in, um,

1023
01:01:47,492 --> 01:01:49,132
It happens all the time.

1024
01:01:49,782 --> 01:01:51,252
It happens all the time.

1025
01:01:51,252 --> 01:01:52,442
Every single time.

1026
01:01:53,272 --> 01:01:56,832
yeah, so, so the Rothbardian argument is that if you're thinking

1027
01:01:56,832 --> 01:02:01,175
about human rights, and you, you have to take into account that a

1028
01:02:01,175 --> 01:02:06,155
human right cannot impose, cannot violate another human being's right.

1029
01:02:06,185 --> 01:02:10,615
If, if you, if you have that as your basic framework for human rights, so

1030
01:02:10,615 --> 01:02:15,135
like, uh, you can't really say that housing is a human right because

1031
01:02:15,185 --> 01:02:17,105
someone needs to build the house.

1032
01:02:17,875 --> 01:02:21,675
And if that is done by force, it's not really a right.

1033
01:02:22,745 --> 01:02:26,585
One person's right becomes another person's obligation, right?

1034
01:02:26,585 --> 01:02:28,755
And you have to enforce that.

1035
01:02:28,785 --> 01:02:32,695
So the conclusion they draw is that the only universal human right that

1036
01:02:32,695 --> 01:02:36,865
can be true for all times and all people is the right to be left alone.

1037
01:02:38,005 --> 01:02:39,335
So that's what your society is.

1038
01:02:39,395 --> 01:02:41,250
You don't really need Ten commandments.

1039
01:02:41,310 --> 01:02:43,370
You only need the right to be left alone.

1040
01:02:43,400 --> 01:02:52,020
That's the only, like, that's the ultimate ethical beacon to strive for, I guess.

1041
01:02:53,033 --> 01:02:55,993
I don't think we'll ever get to be left alone, but I think there

1042
01:02:55,993 --> 01:03:01,043
will be some simpler code that can be implemented and work at scale.

1043
01:03:01,603 --> 01:03:06,633
Yeah, but by not being, by being left alone, I mean, like, uh,

1044
01:03:07,293 --> 01:03:08,603
not being violated against.

1045
01:03:08,643 --> 01:03:09,313
No force

1046
01:03:09,333 --> 01:03:09,523
is

1047
01:03:09,733 --> 01:03:14,033
I think maybe it's not necessarily left alone, but I think there was a saying

1048
01:03:14,043 --> 01:03:18,143
that the government should not have any powers that a normal person does not have.

1049
01:03:18,183 --> 01:03:20,183
And I think that is a good baseline to go by.

1050
01:03:20,773 --> 01:03:24,413
Like the government can't draft you to send you to war because I can't say

1051
01:03:24,443 --> 01:03:26,433
that you're going to go to war, right?

1052
01:03:26,673 --> 01:03:27,683
you can pay me though,

1053
01:03:27,683 --> 01:03:29,063
and

1054
01:03:30,323 --> 01:03:32,443
if you pay me enough, I'll even go to Canada.

1055
01:03:34,443 --> 01:03:35,223
Are you sure?

1056
01:03:35,603 --> 01:03:37,543
Think, think about for a minute.

1057
01:03:37,573 --> 01:03:38,403
Think about that.

1058
01:03:38,413 --> 01:03:38,643
Think

1059
01:03:38,653 --> 01:03:38,883
about

1060
01:03:38,903 --> 01:03:44,633
Yeah, maybe not Canada, that's uh, like, the two places I won't

1061
01:03:44,633 --> 01:03:48,053
go to, there's Canada and Mordor, like, I refuse to go there.

1062
01:03:49,681 --> 01:03:51,851
But we'll, we'll, we'll use the right pronoun for you.

1063
01:03:53,936 --> 01:03:55,466
We have to use the right pronoun for me.

1064
01:03:55,466 --> 01:03:56,306
That's his royal highness.

1065
01:03:59,191 --> 01:04:00,611
my pronoun too, as a

1066
01:04:00,786 --> 01:04:01,856
Oh, yeah, exactly.

1067
01:04:01,886 --> 01:04:05,181
like, since I can choose it myself, I'm also his royal highness now.

1068
01:04:08,016 --> 01:04:13,166
Um, no, but with Bitcoin and under a Bitcoin standard, if they say more

1069
01:04:13,166 --> 01:04:16,546
countries, more places started adopting Bitcoin standard with intergenerational

1070
01:04:16,676 --> 01:04:20,488
wealth, you will start to get families.

1071
01:04:20,488 --> 01:04:22,518
You will start to get sort of, I guess, modern dynasties

1072
01:04:22,808 --> 01:04:24,128
being born in that respect.

1073
01:04:24,178 --> 01:04:25,418
And I think you will get.

1074
01:04:26,653 --> 01:04:29,723
Maybe you will have some monarchies returning or something,

1075
01:04:29,773 --> 01:04:30,773
something along those lines.

1076
01:04:30,823 --> 01:04:35,493
I think that, um, people like to look up, people do like to look up to, to,

1077
01:04:35,493 --> 01:04:39,403
uh, to certain families, uh, to certain traditions and customs and they look

1078
01:04:39,413 --> 01:04:44,754
up to families for, um, I guess it's for, uh, it's not, they like to be

1079
01:04:44,754 --> 01:04:47,614
led, I guess, or maybe they do like to be led, I'm not too sure, but.

1080
01:04:47,804 --> 01:04:51,224
There, I think if we were just living in a pure volunteerism, you know, just,

1081
01:04:51,414 --> 01:04:56,854
uh, being left alone, uh, pure ANCAP society, which is, which is fantastic.

1082
01:04:56,854 --> 01:04:59,034
I think people would lose their, their identity.

1083
01:04:59,624 --> 01:05:02,044
I think I mentioned this in my last, in the last show with you.

1084
01:05:02,454 --> 01:05:05,120
Yeah, but are they mutually exclusive?

1085
01:05:05,150 --> 01:05:07,930
Can't you have, like, a royal family?

1086
01:05:08,040 --> 01:05:12,390
I see no problems with having a royal family in an uncapped society.

1087
01:05:12,650 --> 01:05:13,370
Yes, that's it.

1088
01:05:13,380 --> 01:05:14,280
That's what I would say.

1089
01:05:14,380 --> 01:05:17,390
I think a Royal Family and ANCAP society would only work if you were

1090
01:05:17,390 --> 01:05:23,180
under Bitcoin standard and, and, and the Royal Family has no absolute, no

1091
01:05:23,190 --> 01:05:25,100
way of controlling the money supply.

1092
01:05:25,837 --> 01:05:29,287
and I think that the role family will be treated, will be, will act a little

1093
01:05:29,287 --> 01:05:31,157
bit like how religious, religion act.

1094
01:05:31,157 --> 01:05:34,307
It's just a way of, of, of keeping the faith, keeping

1095
01:05:34,307 --> 01:05:35,677
traditions, keeping customs.

1096
01:05:36,307 --> 01:05:39,917
And, and, and most important thing is family values.

1097
01:05:40,482 --> 01:05:44,702
For, for, it's, I don't know, to me, it's an argument that I'm trying to work on

1098
01:05:45,100 --> 01:05:48,020
it's a lot better than what I'm seeing these days with all these republics

1099
01:05:48,020 --> 01:05:49,670
blowing up left, right, and center.

1100
01:05:50,020 --> 01:05:54,570
And I think if we return to, if we return to some more monarchical, uh, at least

1101
01:05:54,580 --> 01:06:00,360
have some, another check on balance of check, check, a check of power on these.

1102
01:06:00,983 --> 01:06:05,113
Countries out there on these, uh, these democratic processes, then that would do,

1103
01:06:05,163 --> 01:06:09,513
that would go a little bit in helping, helping create some stability out there.

1104
01:06:10,036 --> 01:06:12,776
Well, sound money is sort of like a check on power, right?

1105
01:06:12,806 --> 01:06:13,716
Money is power.

1106
01:06:14,016 --> 01:06:17,676
A lot of the governments create power by printing money, right?

1107
01:06:17,676 --> 01:06:22,016
They can, they can, they can use the money they print to do a lot of different

1108
01:06:22,016 --> 01:06:25,286
things like wage war and finance war.

1109
01:06:25,326 --> 01:06:28,356
But under a sound money standard, you can't really do that.

1110
01:06:28,496 --> 01:06:30,736
So it's a check and balance of it in and of itself.

1111
01:06:30,736 --> 01:06:34,316
But I think more importantly, if you're talking about dynastic continuance,

1112
01:06:34,316 --> 01:06:43,991
Bitcoin and sound money rewards prudence Doing things in a smart way, whereas

1113
01:06:44,021 --> 01:06:46,101
the fiat system rewards stupidity.

1114
01:06:46,111 --> 01:06:50,551
You could be the worst ruler ever and print money and you'd still

1115
01:06:50,571 --> 01:06:51,581
look like you're successful.

1116
01:06:51,581 --> 01:06:54,341
And that's really what a lot of the governments these days are doing.

1117
01:06:54,351 --> 01:06:55,831
Like Canada, case in point.

1118
01:06:56,161 --> 01:07:00,051
They look successful, but that's because you're just looting the country and the

1119
01:07:00,316 --> 01:07:04,006
Yeah, they're just temporary caretakers instead of owners.

1120
01:07:04,016 --> 01:07:07,766
And then they're incentivized to maximize short term gains and at the

1121
01:07:07,776 --> 01:07:09,836
expense of long term capital values.

1122
01:07:10,526 --> 01:07:13,826
which ultimately leads to like higher taxes, more regulations, and

1123
01:07:13,826 --> 01:07:15,346
less respect for property rights.

1124
01:07:15,656 --> 01:07:20,996
And basically democratic rulers have less personal stake in the long term

1125
01:07:20,996 --> 01:07:24,556
health and wealth of a country, whereas monarchs are absolutely opposite that.

1126
01:07:24,576 --> 01:07:29,046
They are incentivized for the long term generational wealth of their

1127
01:07:29,046 --> 01:07:33,276
country because they want their offspring to do well in hundreds

1128
01:07:33,276 --> 01:07:34,456
and thousands of years to come.

1129
01:07:35,329 --> 01:07:38,709
Yeah, we had a great conversation with Aleks Svetski about this

1130
01:07:38,709 --> 01:07:43,189
general wealth, generational wealth stuff, a couple of weeks back.

1131
01:07:43,449 --> 01:07:47,919
And, like, he points out this, that the new aristocracy, or the new

1132
01:07:47,939 --> 01:07:54,454
feudal class, or whatever, will all have They're in that position.

1133
01:07:54,464 --> 01:07:59,234
If, if three generations from now, you you've inherited a lot of Bitcoins, you're

1134
01:07:59,234 --> 01:08:01,194
in that position because of the risk.

1135
01:08:01,559 --> 01:08:04,289
Responsible behavior of your parents and grandparents.

1136
01:08:04,739 --> 01:08:06,229
There's no other way to get there.

1137
01:08:06,229 --> 01:08:08,949
You can't get there violently, which you could in the past.

1138
01:08:09,029 --> 01:08:14,289
Like the old, uh, like, to get into, uh, an elite class today is

1139
01:08:14,289 --> 01:08:15,579
a, is a very different process.

1140
01:08:15,869 --> 01:08:20,454
Like, of course you can, you can get there by Somewhat responsible means,

1141
01:08:20,454 --> 01:08:24,834
but you can also get there by, by manipulation and theft and bad behavior.

1142
01:08:24,844 --> 01:08:28,704
So, so there's a mix and historically that's always been true.

1143
01:08:28,704 --> 01:08:32,364
I mean, uh, you could become a King by, by killing everyone else.

1144
01:08:32,424 --> 01:08:38,514
Like there's a new paradigm coming where a very much less violent way, is

1145
01:08:38,544 --> 01:08:41,114
more profitable, uh, for generations.

1146
01:08:41,164 --> 01:08:45,251
And I, I think that's a very more powerful than people think.

1147
01:08:46,056 --> 01:08:47,416
That aspect of it.

1148
01:08:47,948 --> 01:08:49,818
And can I, can I add something here as well?

1149
01:08:49,818 --> 01:08:54,013
Uh, just another point on your, your topic about Sort of being the

1150
01:08:54,013 --> 01:08:59,593
custodian of the, the values and even just the stability in, in the culture.

1151
01:08:59,623 --> 01:09:04,003
I, I'm doing a series right now, uh, with Rob Breedlove on the What Is Money Show

1152
01:09:04,003 --> 01:09:08,683
about Jordan Peterson's Maps of Meaning exploring the psychological significance

1153
01:09:08,688 --> 01:09:15,063
basically of, of how narrative and, and myth is a way of transmitting cultural

1154
01:09:15,063 --> 01:09:18,758
ideas and the, uh, the, the way the world.

1155
01:09:19,563 --> 01:09:23,813
Actually is as opposed to the, uh, the way people act like the world is as

1156
01:09:23,813 --> 01:09:28,443
opposed to the scientific definition of the way it is, basically, but the, the,

1157
01:09:28,463 --> 01:09:31,303
the point that we were just covering, I don't think the episode is out yet,

1158
01:09:31,303 --> 01:09:37,956
but it might be by Gen 3, the, the, we were covering that there is a need

1159
01:09:37,966 --> 01:09:47,053
for cultural stability or else you get absolute chaos and the terminology used

1160
01:09:47,053 --> 01:09:51,408
there is, is something like But Peterson is something like state, which might

1161
01:09:51,408 --> 01:09:55,528
be sort of used wrong because he's not talking about that in the nation state

1162
01:09:55,528 --> 01:10:03,318
sense, but, uh, state culture is the realm of order and is the realm of literally

1163
01:10:03,318 --> 01:10:06,948
the patriarchy, but not in a bad way.

1164
01:10:06,948 --> 01:10:10,748
We've been doing patriarchy in only the bad way, basically, in modern

1165
01:10:10,748 --> 01:10:14,588
discourse, but all of the positives of that is the continuity of order,

1166
01:10:14,598 --> 01:10:16,088
the stability of the culture.

1167
01:10:16,543 --> 01:10:18,253
And I'm seeing this parallel.

1168
01:10:18,253 --> 01:10:21,133
Exactly, Filip, with, with what you are saying as far as there,

1169
01:10:21,133 --> 01:10:25,273
there being an, an actual, not, not even, it is not even a symbol.

1170
01:10:25,278 --> 01:10:30,799
It's, it's, uh, for a group of people, royal family being a group of people by

1171
01:10:30,804 --> 01:10:37,939
definition, that that is able to carry the cultural, uh, uh, the spirit of the

1172
01:10:37,939 --> 01:10:39,904
culture so that there is that stability.

1173
01:10:40,854 --> 01:10:45,344
Going too far in any one direction, you go too far into a tyranny, and

1174
01:10:45,344 --> 01:10:48,564
that's, that's a bad thing as well, and we've already covered the negatives

1175
01:10:48,564 --> 01:10:53,254
of that, but straying too far away from there being any form of culture

1176
01:10:53,654 --> 01:10:58,614
is also a negative, and I, I would absolutely say that we're, we're in, in

1177
01:10:58,614 --> 01:11:00,324
that stage in many parts of the world.

1178
01:11:00,924 --> 01:11:03,024
I don't know what, what, what do you think about that?

1179
01:11:03,034 --> 01:11:04,484
That was, that was my contribution there.

1180
01:11:05,456 --> 01:11:05,746
it.

1181
01:11:06,786 --> 01:11:11,736
I read a really interesting essay by Hans Hermann Hoppe, actually.

1182
01:11:11,736 --> 01:11:16,123
I forgot the title of it, but it's about natural elite and how the state that we

1183
01:11:16,153 --> 01:11:20,953
live in today, how democracy was actually one of the reasons it came to power.

1184
01:11:21,113 --> 01:11:25,763
It came to be the governments, the so called governments, the predominant

1185
01:11:25,793 --> 01:11:27,243
governance model of our times.

1186
01:11:27,779 --> 01:11:32,029
Because in time, over history, monarchies have been the predominant governance

1187
01:11:32,099 --> 01:11:37,171
model, but now in our In the last century, it's been democracies, and

1188
01:11:37,684 --> 01:11:42,804
how they got, how we got to democracies is because the intellectuals that were

1189
01:11:42,814 --> 01:11:48,944
advising kings and queens back in the days, they weren't, expensed enough.

1190
01:11:49,604 --> 01:11:54,854
They were, they were, uh, they were the ones who were, who, who, who,

1191
01:11:54,864 --> 01:11:58,004
who were advising the kings and queens and they weren't paid enough.

1192
01:11:58,054 --> 01:12:05,149
And so they decided with time that They would influence the king's

1193
01:12:05,499 --> 01:12:10,779
and the monarch's decision to, to push more towards a democratic

1194
01:12:10,779 --> 01:12:13,269
model that they would do better in.

1195
01:12:13,919 --> 01:12:15,789
I'm trying to, I just read this essay once.

1196
01:12:15,789 --> 01:12:21,069
I'm just trying to say that, um, how I'm trying to form this is that they, these

1197
01:12:21,109 --> 01:12:26,469
intellectuals are the ones who ended up pushing for democracies that benefit them.

1198
01:12:26,729 --> 01:12:29,259
And then you'll see these intellectual classes are the ones

1199
01:12:29,259 --> 01:12:31,669
who run, uh, these democracies.

1200
01:12:31,699 --> 01:12:33,109
And that's the ones who pushed out.

1201
01:12:33,789 --> 01:12:36,459
Uh, monarchies over time as,

1202
01:12:36,484 --> 01:12:39,984
see, democracies can work, but not at scale.

1203
01:12:40,294 --> 01:12:44,709
Like the origin of democracies is very much like You're governing a city almost,

1204
01:12:44,709 --> 01:12:48,839
and you kind of know the problems in the city, and you live there, and you have

1205
01:12:48,849 --> 01:12:53,609
skin in the game, but when it scales out, like, let's take Canada as an example,

1206
01:12:53,619 --> 01:12:57,369
because we've been taking it for so long, you have the politicians with

1207
01:12:57,419 --> 01:13:02,739
some representation in the regions, not really, power is centralized in Ottawa,

1208
01:13:02,769 --> 01:13:06,549
which is in the middle of nowhere, and they're so far removed from everything

1209
01:13:06,549 --> 01:13:10,129
else, and then they're again removed, like we've been discussing, because

1210
01:13:10,409 --> 01:13:14,369
they don't have real jobs, they're just in Career politicians, right?

1211
01:13:14,399 --> 01:13:18,169
So that the hollows out the entire system.

1212
01:13:18,289 --> 01:13:23,919
And on top of that, you have a, a gut or a, a gutting gutting

1213
01:13:23,919 --> 01:13:28,029
of culture where there is no cultural fabric uniting anything.

1214
01:13:28,149 --> 01:13:32,739
There's lack of cultural identity and morals, and that just makes the

1215
01:13:32,739 --> 01:13:35,269
whole system become dysfunctional.

1216
01:13:35,449 --> 01:13:36,529
It doesn't work at scale,

1217
01:13:36,809 --> 01:13:42,659
Hoppe points this out, that this is how monarchies became worse over time as

1218
01:13:42,659 --> 01:13:45,219
well, like the scaling is the problem.

1219
01:13:45,499 --> 01:13:49,499
So Hoppe points out in Democracy That Could Have Failed that he

1220
01:13:49,499 --> 01:13:53,299
doesn't really promote monarchy as an alternative, it just says

1221
01:13:53,339 --> 01:13:55,119
that it's better than this thing.

1222
01:13:55,836 --> 01:13:59,401
it's The lesser of two evils, basically according to Hopper.

1223
01:13:59,871 --> 01:14:04,811
Uh, and, uh, uh, uh, consensual, society would be preferable.

1224
01:14:04,961 --> 01:14:10,701
And he points out that, uh, before monarchies there were these, uh, feudal

1225
01:14:10,701 --> 01:14:12,441
lords every here and there, right?

1226
01:14:12,446 --> 01:14:15,771
And cantons and smaller city states and so on.

1227
01:14:16,011 --> 01:14:21,281
And you had a, a house this and how's that defending their own, uh, Canton.

1228
01:14:21,281 --> 01:14:26,261
And, and they were sort of equal, uh, uh, to the law and.

1229
01:14:26,606 --> 01:14:33,043
The, the problems start when a, a, they sort of internally elect

1230
01:14:33,093 --> 01:14:37,533
one, one of them to be the ruler of the, the larger nation state.

1231
01:14:37,983 --> 01:14:41,823
And then he gets exemptions from, from the law.

1232
01:14:42,113 --> 01:14:43,603
So they can't really get to him.

1233
01:14:44,073 --> 01:14:48,133
And then he can start, uh, implementing all sorts of tax policies and

1234
01:14:48,133 --> 01:14:49,806
whatnot that other people can't.

1235
01:14:49,866 --> 01:14:55,821
So, so you have the same problem with what you said, Samson, about, um, The

1236
01:14:56,601 --> 01:15:02,461
state having powers that the people don't have, so, and that's a problem

1237
01:15:02,461 --> 01:15:07,131
that arises whenever you scale above the, it seems like whenever you scale

1238
01:15:07,131 --> 01:15:13,721
over Dunbar's number really, but when you scale over, above, like, city level

1239
01:15:13,969 --> 01:15:18,279
that's a good point, uh, Jean Jacques Rousseau, one of the early advocates

1240
01:15:19,279 --> 01:15:24,009
of democracy said that it wasn't really, well, his, he advocated for

1241
01:15:24,069 --> 01:15:25,829
democracy, but a much smaller scale.

1242
01:15:25,869 --> 01:15:29,689
If he saw the, the scale that happens today, he would be horrified.

1243
01:15:30,449 --> 01:15:31,639
As you said, it would be city

1244
01:15:32,039 --> 01:15:32,999
Rousso would be

1245
01:15:33,029 --> 01:15:33,599
horrified

1246
01:15:34,384 --> 01:15:34,894
horrified.

1247
01:15:34,894 --> 01:15:39,594
Not, not in the, in the multi million populist level, maybe at a, in a

1248
01:15:39,594 --> 01:15:41,154
million or two level is where it,

1249
01:15:41,403 --> 01:15:41,553
no.

1250
01:15:41,553 --> 01:15:45,423
But, uh, Rousso has been completely hijacked by the, by the left, right?

1251
01:15:45,778 --> 01:15:46,418
yeah, of course.

1252
01:15:46,664 --> 01:15:49,654
But the fact, even, yeah, but even the founding fathers didn't, didn't, the

1253
01:15:50,494 --> 01:15:54,104
United States founding fathers didn't really envisage a democracy as well.

1254
01:15:54,609 --> 01:15:54,789
no.

1255
01:15:54,789 --> 01:15:56,139
It's nowhere in the Constitution.

1256
01:15:56,139 --> 01:15:57,579
The word just isn't there.

1257
01:15:57,869 --> 01:15:59,339
This is all about property rights.

1258
01:15:59,721 --> 01:15:59,981
Correct.

1259
01:16:00,752 --> 01:16:04,252
The problem with the constitution is it can be interpreted in

1260
01:16:04,252 --> 01:16:05,402
different ways by different people.

1261
01:16:05,402 --> 01:16:09,572
So as you have that hollowing out of society and a cultural debt,

1262
01:16:10,332 --> 01:16:11,722
it just becomes less meaningful.

1263
01:16:11,722 --> 01:16:16,042
You have to write the constitution in terms of super simple things.

1264
01:16:16,052 --> 01:16:20,542
Like, here's the thing, and this is what we mean by it specifically.

1265
01:16:20,782 --> 01:16:23,122
Because people can interpret it in different ways.

1266
01:16:23,122 --> 01:16:26,592
Just like you're saying the left has misappropriated something else.

1267
01:16:27,012 --> 01:16:27,782
It's the same concept.

1268
01:16:29,082 --> 01:16:33,952
As society crumbles, the things that we wrote in the past have

1269
01:16:33,952 --> 01:16:37,152
less meaning because they can't interpret it correctly anymore.

1270
01:16:37,347 --> 01:16:41,637
Now, the, the Roth party view of the Constitution is that it's, it's simply

1271
01:16:41,642 --> 01:16:46,887
an invalid contract because all the people who wrote it are dead so , so it's

1272
01:16:46,887 --> 01:16:49,647
just not, uh, and it doesn't have any.

1273
01:16:50,567 --> 01:16:55,527
Like, the constitutional rights are violated by the American

1274
01:16:55,537 --> 01:16:56,837
government all the time.

1275
01:16:57,187 --> 01:17:02,317
And their co opted juridical system.

1276
01:17:02,817 --> 01:17:04,987
It's a farce at this point, right?

1277
01:17:05,967 --> 01:17:08,637
When judges can own prisons and stuff.

1278
01:17:08,687 --> 01:17:10,247
Like, it's really vulgar.

1279
01:17:10,980 --> 01:17:16,660
The Magna Carta is another interesting document when it comes to constitutions,

1280
01:17:16,660 --> 01:17:21,190
I think that if we're going back and trying to find a document that had a

1281
01:17:21,540 --> 01:17:26,560
great impact on, you know, societal progress, I think that's, that's the,

1282
01:17:27,080 --> 01:17:31,776
that's the real one, but I don't really know where I'm going with that, so it was

1283
01:17:32,096 --> 01:17:35,646
Well, and I, I think, I think we've had an interesting discussion about these things.

1284
01:17:35,926 --> 01:17:37,046
Governance types.

1285
01:17:37,126 --> 01:17:43,386
It's always fascinating to dig into it and I hope we can continue and that, uh,

1286
01:17:43,386 --> 01:17:49,826
JAN3 with your unique perspectives and access to all of the, uh, interesting

1287
01:17:49,826 --> 01:17:51,156
forms of government going on.

1288
01:17:51,436 --> 01:17:56,596
Right now, in the advocacy for Bitcoin, that we start to see some

1289
01:17:56,906 --> 01:18:01,576
movements in the future towards more Bitcoin centric governance.

1290
01:18:01,576 --> 01:18:03,506
I think that would be fantastic.

1291
01:18:03,766 --> 01:18:07,756
But I think we have to wrap the discussion up here.

1292
01:18:08,516 --> 01:18:10,126
We're near our time limits now.

1293
01:18:10,556 --> 01:18:15,569
Just to leave this one, uh, what are you most optimistic

1294
01:18:15,579 --> 01:18:19,099
about in the coming time here?

1295
01:18:20,111 --> 01:18:22,231
I'm very optimistic about the price of Bitcoin.

1296
01:18:22,231 --> 01:18:23,551
I think most of us here are.

1297
01:18:25,331 --> 01:18:30,431
This is with or without this ETF mania, but I think, yeah, I think

1298
01:18:30,431 --> 01:18:33,051
adoption is going to be, it's going to be a big topic next year.

1299
01:18:33,051 --> 01:18:34,371
I think thanks to the bull run.

1300
01:18:34,721 --> 01:18:38,211
Regardless of the ETF approval or not, I think we're going to see a lot

1301
01:18:38,211 --> 01:18:40,811
more people onboarding, a lot more people understanding money, a lot

1302
01:18:40,811 --> 01:18:43,931
more people, uh, being orange pill, a lot more people opening their eyes

1303
01:18:44,051 --> 01:18:45,851
to how this world actually works.

1304
01:18:46,551 --> 01:18:50,921
And then that makes our job even more exciting, even more, uh, I say not

1305
01:18:50,921 --> 01:18:54,551
easier, but, uh, it opens up more doors and more opportunities for us to

1306
01:18:54,561 --> 01:18:59,491
speak to more nations, more, uh, more individuals around the world and spread

1307
01:18:59,841 --> 01:19:04,651
the, the, the ultimate government's model that is, uh, that is Bitcoin.

1308
01:19:05,362 --> 01:19:09,949
I'm optimistic about our mission to orange pill countries and to work

1309
01:19:09,949 --> 01:19:11,279
with governments and politicians.

1310
01:19:11,739 --> 01:19:15,389
It seems counterintuitive based on maybe what we've been discussing and

1311
01:19:15,389 --> 01:19:19,249
our views on governance, but I think Bitcoin is the best way to fix it.

1312
01:19:19,599 --> 01:19:24,119
The problem is Governments are like a machine, and these machines

1313
01:19:24,119 --> 01:19:27,464
are hungry for capital, and all they know is that they need it.

1314
01:19:27,974 --> 01:19:31,864
For how to feed themselves is to tax more and do things like UBI.

1315
01:19:32,204 --> 01:19:34,064
But with Bitcoin, we can present them.

1316
01:19:34,854 --> 01:19:35,994
It's like a Trojan horse.

1317
01:19:35,994 --> 01:19:37,874
We can present them with something that is better.

1318
01:19:38,264 --> 01:19:42,894
And this thing that we're giving to them has the properties of fixing them.

1319
01:19:43,124 --> 01:19:47,334
It changes you when you get into sound money and you have sound money.

1320
01:19:47,654 --> 01:19:51,604
And when you have So, vehicles or avenues to generate revenue.

1321
01:19:51,914 --> 01:19:56,274
Because when the state has no way to generate revenue, then you're the revenue.

1322
01:19:56,574 --> 01:19:59,994
But if a country is tapping into its natural resources and mining

1323
01:20:00,024 --> 01:20:04,644
bitcoin and using the energy it has, like for example, Canada has

1324
01:20:04,709 --> 01:20:07,329
There's so much energy potential.

1325
01:20:07,329 --> 01:20:11,569
We could fit three entire Bitcoin networks into Canada's energy grid

1326
01:20:11,609 --> 01:20:13,919
easily, but that's just an example.

1327
01:20:13,919 --> 01:20:16,669
Like there's many countries around the world that could tap into

1328
01:20:16,669 --> 01:20:20,579
their energy to mine Bitcoin and finance everything they need to do.

1329
01:20:20,943 --> 01:20:25,783
combine that with downsizing government and you end up with a far better future I

1330
01:20:25,783 --> 01:20:28,143
believe than what we have going right now.

1331
01:20:29,083 --> 01:20:29,663
Here, here.

1332
01:20:30,603 --> 01:20:31,503
Fantastic.

1333
01:20:31,583 --> 01:20:35,203
Uh, yeah, I share your views completely in these matters.

1334
01:20:35,253 --> 01:20:37,573
And, uh, I think we both do.

1335
01:20:37,623 --> 01:20:41,643
And, uh, looking forward so much to seeing you both on Madeira.

1336
01:20:42,133 --> 01:20:45,683
And until then, Happy New Year and, um, good luck with the

1337
01:20:45,683 --> 01:20:46,893
launch of the Aqua Wallet.

1338
01:20:47,743 --> 01:20:48,183
Hey guys,

1339
01:20:48,213 --> 01:20:49,543
well, it's launching today, isn't it?

1340
01:20:50,653 --> 01:20:51,173
Yeah

1341
01:20:51,243 --> 01:20:51,883
is today.

1342
01:20:52,673 --> 01:20:53,243
Tomorrow.

1343
01:20:54,203 --> 01:20:54,493
today.

1344
01:20:54,633 --> 01:20:55,133
Yeah, yeah.

1345
01:20:55,173 --> 01:20:56,093
Quote unquote today.

1346
01:20:56,473 --> 01:20:57,983
This been the Freedom Footprint Show.

1347
01:20:58,033 --> 01:21:00,913
Thank you both so much for joining us and thank you for listening.

1348
01:21:01,249 --> 01:21:01,779
Bye bye.

1349
01:21:02,309 --> 01:21:02,579
All right,

1350
01:21:02,589 --> 01:21:02,939
bye.