The world of Bitcoin news has collapsed into a hyper clickbait carnival.
Open mouth thumbnails.
TikTok macro with Ghibli Field M2 charts.
It takes so bad you think they came from Mike Alfred or Gary Cardone.
Meanwhile, voices of signal are being buried under a rhizoswap engineered to deliver the
idiocracy prophecy right on schedule.
The pioneers are sitting on the sidelines, watching the plebs slurp down nothing burger announcements and watering their plants with Gatorade.
Feeling isolated, exhausted, invisible, calloused from worn down demoralizing UX, even the proudest pioneers are finding themselves second guessing their game theory.
Group chats consumed by pioneer sanity checks are becoming reluctant aggregators of screeds from uninspired grifters.
After fearing the worst, fearing that this might be a simple spoofing attack, the intellectual silk road has begun preparing.
Our guest today is the antithesis to the TikTok macro tether friendly pleb slot.
For years, he has delivered some of the highest signal Bitcoin content you can actually find on his podcast, Bitcoin Ant.
His name, it's none of your business.
He doesn't rely on CIA spam.
He's a pioneer's pioneer.
His podcast covers Bitcoin, Noster, agriculture, and doing the real work of building lasting value
anchored by a sense of self-respect that even Tylenol, Max, and Broccoli haircuts can't generate with AI.
Bitcoin and doesn't make you feel gaslit, patronized, or grumpy.
It makes you hold your chest out, lift your head higher, and move with, dare I say, a flicker of purpose.
He doesn't go to the studio to influence, but to inform.
and just having dropped his 1175th episode joining us today is the one and only david bennett
david how are you doing tonight well i'm just fine richard so you just hit your 1175th episode
you've been running for coming up on eight years straight you're one of the longest running bitcoin
podcasters right now i think yeah yeah i i i do believe that that's true i've been doing this for
since 2018 somewhere in the neighborhood of september october somewhere around there
and yeah uh 1175 episodes as of today that's that's a lot of me jawboning
into a microphone i'll say that well i really appreciate all your hard work
over these years is a long time podcast listener of yours
bitcoin wouldn't be the place where it is today if it wasn't for podcasters like you
there's been a lot of grief in a podcasters but you truly are the the pioneers podcaster
in a lot of ways. You're a pioneer's pioneer.
Well, I appreciate that too.
The whole reason that I started the podcast in the first place was
there's too much news that was going by.
There was way too many changes coming on in the space.
And the space included...
And it's, I mean, everything about Bitcoin is everything that I sort of was when I was in college.
And what I mean by that is interdisciplinary.
And if you're, if you don't have an interdisciplinary mindset, this space will drive you through the roof.
It'll, it'll, it just, there's too much stuff.
There's computer stuff.
There's cypherpunk stuff.
There's macroeconomics.
There's economics.
There's history.
There's the thoughts.
like the people that talk about, um, like one of my pet peeves is new home, new home builds.
They all suck. And when you, when you're just looking at that as without any other knowledge,
other than the fact that some, some houses that you see, you know, they're built well,
you can just feel it in your bones. Other houses you see, you know, they're built like shit and
one good puff from a fucking big bad wolf is going to blow it right over.
But if that's all you're looking at, then you don't know why.
And it comes back down to that the money got broke.
So when you're looking at Bitcoin, you're looking at coding, and you're looking at economics,
and you're looking at all this stuff.
And all of these sectors have news that goes with it.
and nobody, I could not find any podcast that would just sit down and read me the daily news.
So I had to become the person that I didn't want to actually be. I had to sit down,
go through the news. I'll like, I'll wake up in the morning. First thing I do get coffee,
sit my happy ass down and start looking at what's bullshit and what's not bullshit,
and then compile a list and then cold read them on the podcast pretty much an hour or two hours
later after I've set up the show. I've gotten good at cold reads. That's for certain, but I,
you know, I'm always going to be struggling with all this stuff that I still don't know. Like
the math behind the the you know the long tail of bond yields and then trying to suss out what the
hell michael saylor doing with perpetual debt instrumentation i would have never even been able
to string those words together in a sentence 15 years ago and and now it's like all of us are like
way ahead of our time
and what we thought we would know about economics,
computer code,
how asymmetric...
What the hell am I trying to...
What is this?
SHA-256.
That entire realm of math.
Do what?
Asymmetric algebra?
Like asymmetric compliant or cryptography?
Yes, thank you.
Cryptography.
I mean, it's like you get into this thing and all of a sudden you see all these worlds that are just flashing by you.
And it's hard to keep up.
And that's what I wanted.
I wanted to keep up, but I didn't want to sit down and actually go through all the news and figure out what was crap and what wasn't.
But that didn't exist.
I had to do it.
So I got to do the exact thing that I didn't ever really want to do.
And I've been doing it for 2018.
you became a journalist you me you you were there was no podcast journalism
and when you docked when you needed it when you were looking for that because you talk about
because so i think this is kind of analogous to uh martial arts because for most of human history
and really until the early 90s it was you had the kung fu fighters and you had the judo
in this part of the world and you had the jiu-jitsu practitioners and you had karate and you had
kung fu and you had wrestling in iowa um and everybody they thought each other they they
train with each other they but you know their community was very kite it was isolated and that
was like similar to bitcoin podcasters you had people who were talking about privacy or they were
talking about the site for punk's history where they're talking about the c++ and the game figure
and the protocol changes where they were talking about you know macroeconomics price predictions
but these like there was not enough the the network wasn't big enough so these macro podcasters were
not crossing paths with the octech podcasters the entropy was there was too much entropy there was
there was no uh synergy um and they they started to come and the network got bigger and bigger and
Now it's like all this big, giant industry where you could have a philosopher talking to a hacker on the same podcast two different times in the week.
You have all this happening.
How did you get Signal outside of your narrow focus of your podcast to kind of build upon what you were talking about and gain legitimacy?
I, in the early days, I was glued to Bitcoin Twitter like everybody else was, and where many people still are.
Because as these stories, you know, as the stories that I find in, that I'm bringing to the podcast, there are a whole host of people that are talking about those same stories.
that add layers of context and as i go through the stories that i'm reading i'm also picking up
context from the people that are also looking at some of these at not these particular stories but
the content like you know like when uh michael saylor announced you know perpetual
the the perpetual dead instrumentation stuff you're picking up signals from you know 10 15
25 different people that you've come to respect and you're synthesizing all that information along
with what you think about it along with what's being written about it and that's sort of that's
sort of the way that I structure the show. And I, it's not like I'm, it will be the case that every
once in a while I'll reach out, I'll go grab a tweet and I'll read the tweet directly because
it's like really impactful to a story that I'm reading, but I don't actually do that all that
often. It's just sort of this amorphous mass that just kind of appears as I'm setting up the show.
And I'll, sometimes I'll start setting up the show the night before, if something like really
heavy's about to drop and then I'll start looking at what people are saying
about it and then I'll start looking at the news stories about it and then pick
out you know a new story that's that's not gonna waste anybody's time or at
least I try there there are times I pick up a story that just crap and it happens I mean I do it five times a week They not all going to be good So but that the signal that I I collecting up comes from
a lot of different places. And I've, I've, I've gotten, I don't know, kind of good at being a
synthesizer for that to kind of boil away all the water so that you're just left with this nice
delicious beef stock right being able to use multiple sources and synthesize information and
and have the intuition to be able to decipher the the signal from the noise i think is a very
important skill set to have it's continuously going more growing more and more important
uh so i want to get your take so this week was a big week for announcements
it's a very big week for announcements donald trump uh issued an executive order naming uh
september 23rd announcement day in honor of dennis porter american politics will never be
the same ever again what what are your thoughts on what's transpired this week
complete and utter bullshit and that a stupe defying failure of respect for one's own
reputation in a space if i had to boil it down that would be it dennis yeah dennis porter is um
he has a very resilient
reputation
he you know
for some people this was their first
announcement but this
this was not my first Dennis Porter
announcement I had followed Dennis Porter
closely AEO and
we have been covering it and really
spotlighting Dennis
at the Bugle since
the late 2023
and I encourage anybody to go back
and look for all the content you'll see what I'm
talking about but
all i will say about dennis is we have not listened to him announce his last announcement
he will be back and he will and he will be announcing more things than ever but i am
curious to go back to your journey as a podcaster maybe if you know if if we came in later than you
did maybe around covid maybe we're just we don't remember because we weren't orange boat back then
but there just seemed like there was way fewer announcements a few years ago.
And especially before, like, what was it like podcasting and going through,
like going down the rabbit hole back before there were so many announcements?
I mean, nowadays you get, we're getting multiple announcements a week.
Back then it could have been months between announcements.
But there wasn't months between announcements because we had a gentleman
by the name of Justin's son.
And I don't know if you're familiar with the man that is the legend that is the Justin of the sun, but that son of a bitch is the master of the announcement of the announcement of the announcement.
He had that shit down pat.
And what really sucks about having Dennis Porter take his place is that Justin's son was much more fun about it.
He was much more tongue in cheek about it.
He had a way of making an announcement where you knew he knew it was bullshit.
And we loved him for it, even though he's a shit coiner.
Dennis Porter, not so much.
Because when Justin's son was doing it, it was more of an innocent time back then.
We were all virgins in the announcement space.
and people weren't getting paid oodles of cash to have shit tons of followers on Twitter.
Justin Sun had shit tons of followers on Twitter, still does, and he's probably getting paid now.
But back in the day, no, no, no, no, no, no, no.
He wasn't getting paid shit.
If he was getting paid shit, it was definitely not by Twitter.
He was shilling his crap and he was getting millions of dollars for it.
I mean, he's doing okay.
But at the time, he wasn't doing it the way that we see Bitcoin Twitter personalities that are now doing it.
And it's kind of grotesque to watch it play out in real time.
It's sort of like watching somebody gut a deer when you really have a problem watching blood.
You know, it's just ugly, it's nasty, it's not going to stop.
But hats off to Justin Sun for being the progenitor of that, which is the Bitcoin announcement.
You know, I think maybe one of the differences between Justin and Dennis is like, it's one thing to sell out, you know, and do announcements for shit coins and do announcements for like these big crypto conglomerates.
uh you know it's you know it pays well it's just like ah i wouldn't take it out it's another thing
to to give your announcements to politicians and like government people and like stable coin
legislation and so it's you know people one of the things that we all hope is that the announcement
is bullish no matter what it is we hope the announcement is bullish because we love bullish
announcements but when when it's not bullish and and it's you know it's wasted on a politician or
wasted on some kind of like lame government policy it really just debases and and you know
waters down the value of the announcements um and we used to live and die by the announcements
yes yes we did and what's interesting about this particular situation
is that the politician in question, Ian Calderon,
has 16.6% of the followers that Dennis Porter has.
I find these numbers staggering.
And it turns out that Ian Calderon and Dennis Porter
worked together at Satoshi Action Fund.
And that's how they know each other.
and so I got somebody with a quarter million followers shilling a complete unknown in a
gubernatorial race in the largest state most populous state in the United States California
he ain't got a hope in hell it's not going to happen and the fact that that he's doing he's just
doing the I like Bitcoin therefore you should like me it's not going to work this time it's
just not he's not gonna be he's not gonna even make it make it out of the primaries and but this
is nothing burger is is like it's a nothing burger filled with it's not even it's it's not even an
empty bun there's nothing there it it's all it's all smoke and mirrors and bullshit and i don't even
know what either one of these guys are i mean they know he can't win so what what's really going on
why the why this announcement why this this this connection between these two people
something else is brewing under the under the hood of this car
this is the first politician that dennis porter has ever officially endorsed and this is why
this could be a game changer with the ability to get this many announcements out about you get your
name out there ian calderon make you um controversial make you uh tie you to this nothing burger meme
dennis porter his um his his ways are mysterious sometimes uh and they are
unconventional to say the least but people do talk about bipartisan bitcoin legislation
and strategic reserves in large part to dennis announcements so me maybe he and calderon is uh
you know it's an unconventional political strategy but these are unconventional political times
i do want to make a correction real quick this is uh at least the second politician that i know of
that Dennis has endorsed,
but this is the first politician in a long time.
And this is the first politician
since he's passed a bunch of pro Bitcoin legislation.
So it's, in some ways, it's like a new first,
even though it's not the first.
It's a new first.
It's a brand new first.
Because that other first, fuck that other first.
Let's get this new first going on.
maybe this one will be better yeah we'll have to see i mean i think one thing that we all know is
that californians don't largely listen to 40 hours of bitcoin podcasts a week no they're way too more
they're way too concerned about the price of gas and the fact that their state has fallen on
hard times i feel bad for them i really do
what is it i mean maybe you can answer this what is it like to live in you know a relatively
conservative part of a liberal loony state oh god it's so weird something like you know yeah it's
like if you live outside los angeles if you live you know in more world parts industrious parts of
california um you a lot of those people did not sign up for the ride that they've been on you know
And it's just, you know, what's it like being in that where your consensus is controlled by loons?
Well, out here in eastern Washington state, and if you just look at Washington state by itself, it's a loony bin.
I mean, as a whole, right?
You had legislation was tried to get is still trying to get passed or it may have even been passed where new restaurants can't have gas ovens.
and gas gas stoves i mean i don't know if you've if if you've ever cooked for a large amount of
people electric is just it's just not going to do it you need gas there was a literally a war
on natural gas i did a a two out two and a half hour interview with a lawyer for a cattle ranch
out in central Washington that is being railroaded by the two Washington state entities,
their version of the Environmental Protection Agency and something else.
And they've destroyed that ranch.
They may not win, but the amount of money that these people have had to expend
to try to defend themselves against these bogus this bogus litigation is probably going to run a sixth generation ranch uh under
And I see all around me some of the dumbest shit that I've ever seen.
And yet where I live, even though it's a small town, the town itself is just as stupid.
But if I walk or drive my car 10 miles in any direction outside of the city limits, I'm right next to people that I left in West Texas.
Heavy conservative, tired of the bullshit.
Leave me alone.
Stop stealing my crap.
and what you get is these two worlds that it's like oil and water and they keep trying to mix
it doesn't mix it's just this slop right and i like i've driven through you know i hung out in
la when i was a teenager for a little while and i finally got my fill of that crap and
that was a long time ago so it wasn't as bad as it is now and i drove through needles california
and stopped at a diner and everybody is completely different it's a completely different scene so
one of the things that that i think we really do need to back up and and and think about is
when we say things like illinois is a blue state no chicago is blue
if you get outside of Chicago into the farmland you're going to end up talking to the exact same
kind of people that you talk to in west Texas the exact same kind of people that you talk to
in eastern Washington the same exact people that you talk to need talk to in Needles California
they just want to be left alone and so it's it's hard to live in a place that has
these you know two completely different sides and watching them collide with each other all the time
and at one point or another something's going to break loose i just don't know what and i don't know
when yo so we've talked a little bit about the most of the announcements are coming on x and
and these higher level or mainstream social media platforms but no you're on nostr um and we're on
Nostra as well. And one of the things that, you know, I, it's very difficult to kind of describe
what Nostra is in like these other social terms, but one way I think kind of fits is like Nostra
is kind of like the West Texas, the Eastern Washington of, uh, of social media. And it's
like a little slower, a little bit more, um, well, more conservative. It's not quite as crowded and
it just seems like one of the things i'm talking to this isn't really my opinion of people on there
is they kind of they came to nostril because they were sick of twitter being woke and they're worried
that jack dorsey is going to come out to you know west texas and try to make it woke it's going to
come and try to make nostril woke do you worry about anything like that ever happening i don't
I don't in any way, shape, or form.
I don't think – I mean, in reality, if I go back and I start looking at –
if I go back and I – if I were to go and look at Jack Dorsey's Noster profile right now,
he doesn't post a lot.
He posts every once in a while, but he's not all over it like he was at first.
I don't know you know and I'm not going to conjecture why I I would chalk it up to the
fact that the guy's probably busy right he did his bit for king and country when you know he he
you know started talking about it on twitter and he talked about it in uh some print interviews
and I think he did like he's in obviously in a few podcasts he talked about it but I haven't
really seen him like, I don't know, release a, an upgrade to the protocol that says blue hairs come
here. I don't think he gives a shit. I, I, I don't know. I've never met the man, but I, I don't think
he's as, I don't think he's as woke as people think he is. I, I don't know why I say that
considering that I've never really talked to him, but some of the things that I've heard him say
leads me to believe that he just doesn't give that much of a shit about it as as much as the
people that Elon Musk fired out of Twitter because he got I mean that boy came in there and he
cleaned house I'm not a big I'm not the biggest fan of Elon either but what Twitter turned into
was clearly something that was just terrible.
It just got so bad during and then immediately after the COVID thing
that I was almost kind of relieved that they kicked me off Twitter when they did.
And I did try to get back on a couple of times.
I think I burned through five, four, four accounts.
I burned four accounts trying to get back on and I finally gave up.
And that was at, at the exact same time.
That was when Noster first came on my radar.
And that was 2022.
I think I woke up New Year's day, 2022, and my account was gone.
And I had old, like I, like I had tried to get back on a few times, spent that year just
taking a break and then Noster comes on my radar. I get my in pub spun up by one of, or in second,
in pub spun up by one of the earliest Noster clients that there was. And I really, I looked
back a couple of times. I, I do still have an active Twitter account. It's not like it was.
I spend most of my time on Noster, but here's the thing.
Jack Dorsey involved or not, I don't even look at it because if I wake up and I start scanning Twitter first,
I'm almost immediately in a bad mood.
Almost immediately.
If I look at Noster first, I'm completely neutral.
It's a sea change of attitude because you sort of are what you process.
And if you're processing Dennis Porter's Nothing Burger, then you become the Nothing Burger.
We are zen with Dennis Porter and his announcement.
If I go over to an Oscar and I'm seeing people just basically shitposting all over each other.
and every five, you know,
Noster notes is something that's actually
really kind of thought provoking.
I'm not in a bad mood
because I'm waiting for people trying to be funny
and at least one person has got something
really nice to say.
And so I don't care if Jack Dorsey,
Jack Dorsey can try,
he's not going to succeed.
So yeah, so yeah, it's kind of a,
unconventional way to advertise something but it's it's like you know i like nostr because when
i open i'm emotionally neutral i'm not going to get like excited or to get good news i'm not
or you know maybe i am and then i get there and everything is just so awful that it makes me
grumpy um and that seems like that's where like every app you open now it's either you're hoping
for good news but it's probably going to be so awful that it really makes you grumpy and ruins
your day and at least when you open nostril somebody tells you good morning and like you
it's it's it slows down you don't have to have a dopamine immediate reaction you don't have to get
things worked up so i think that's my question would be then or do you have any regrets about
going to nostril only um like for example do you feel like maybe you gave up the opportunity
to become a paper bitcoin bitcoin treasury company podcaster because you were off twitter and you were
only on nostr like is that something that you uh you think about like what could have been like you
could have been like to nakamoto or the uh the one of the big paper bitcoin podcasters well it's
funny we talk about paper bitcoin summer because you know for the longest time even before i started
podcasting in this space and I was listening to, to the earliest of Bitcoin podcasts,
there was a certain, there was a theme that was always present and it was,
it can take you years to build a reputation and it takes you seconds to burn it to the ground.
And so we would always talk about reputations as being made of paper.
and
I
this does not bode well for paper
Bitcoin summer because
there's a lot of people with some heavy duty
reputations in this space
and
it looks like
there's a very real possibility of
a forest fire especially in
this long tail
of Bitcoin
treasury companies
these guys are going to get burnt to the fucking
ground. It's going to be really ugly. And I'm talking about the long tail. I'm talking like
there was another announcement today. They some kind of, Oh, B HODL just bought a hundred Bitcoin
for their Bitcoin treasury strategy bullshit. And I'm like, you're going to go, you're, you're going
to burn to the ground. You're too late. It's all done. The paper Bitcoins it's fall people. First
day of fall was what a couple of days ago it's fall we got it this is this shit's over and if i
had linked my reputation to shilling strike and strife and then yet one more you know double digit
yield account i i wouldn't have the remnant of a of the audience that i actually have now
You know, my audience is small, but it'd be a hell of a lot smaller if I had just said, you know what, you should go buy some strike.
You need that 9.8%.
You need that.
And there's no way that I'm ever going to say that.
I value my sleep too much.
so one of the things that we seeing kind of across the board i sure you aware of this is that the paper Bitcoin companies are gobbling up Bitcoin podcasters like it hungry hungry hippos out there
So you see the possibility of the paper Bitcoin ecosystem getting burnt to a crisp in the future.
in the scenario that that happens i think we and correct me if you don't agree with this but i think
we agree that michael saylor is probably going to be one of the strongest ones in that scenario
uh likely consolidating a lot of this do you see a potential concern of centralization of bitcoin
podcasters in this scenario that Michael Saylor is the last man standing in the whole paper
Bitcoin, I don't know what you call it, trend or phenomenon?
A whole subculture, yeah.
I could almost see Saylor building a paper Bitcoin media company where he sucks all of
us in gives us enough money to where we have no problem burning our reputations right to the
ground and beyond. And then all of a sudden just cutting us loose, like we're just kind of some
kind of dead weight, you know, garbage on, on the fucking love ship out there in the Pacific ocean.
I could actually see that occurring because the man's got to do something.
He's got to do, he, his company generates no revenue unless he's selling debt instrumentation
to Rubes on the street at this point.
He has no revenue.
They don't make software anymore.
I'm pretty sure that Oracle has gobbled up
all of what was remaining of his customers
so he doesn't have service contracts.
The only thing that he's got going on right now
is a revenue model is to sell debt.
And he uses it to buy Bitcoin and good for him.
But Richard, I agree
that he's going to be one of the ones that stand.
And I can bitch about his revenue model all day long and twice on Sunday.
He's not going away.
He's got too much potential that he can leverage.
And one of these days he's going to start leveraging it.
But I still do not believe that attaching your rep,
whether as a podcaster or somebody who writes for, I don't know, Bitcoin magazine, whatever,
attaching your rep to shilling that debt instrumentation and being like some kind of
mouthpiece for Michael Saylor, I don't think is good until at such time that he comes up with a
decent revenue model and the company actually starts making money. And even then it's a dangerous,
it's a dangerous game that we play because i saw you know a few podcasters get burnt to the ground
during the ftx alameda and uh what was that what was that people the people block fi
that that whole mess because there was they had money to burn and were going after podcasters
left and right i wasn't one of them because at the time no you know and nobody still knows really
who I am and not, not at that level. You know, I, nobody ever contacted me and said, Hey, here's a
boatload of money. Why don't you shield our ship for us? And even then I would have actually had to
step back and go, dude, should I do this? Because if this breaks and I'm in the middle of it,
I go down with that ship too. And this is, this is always a problem, you know, cause it's like
you can try to hold your integrity together and basically, you know, be poor. And I've said it on
my podcast before, Bitcoiners had this thing and still have this thing kind of where we say,
have fun staying poor. But the only people that really know how to do that is us.
We're the only people that know how to actually have fun staying poor. We built it as an insult,
but the more I looked at it, the more I was like, well, wait a minute. That's us.
We're the, we're the ones having fun staying poor because we are all the Bitcoiners. I know
are desperately trying to keep from falling into these traps of, wow, that's, that's a lot of money,
man. I don't know. I could do a lot of stuff with that money. All I got to do is, you know,
burn my rep and hope nobody notices it but we don't we don't live in a world where nobody in
this world everybody sees the smoke from you burning your rep to the ground well yeah it's
i think it's incredibly important to have integrity i think it's incredibly important
to work to care about your reputation not not just because you care what other people think
about you but because you care about the world around you and just not being a shithead as a
result of it yeah but we live in a society we live in a culture where people burn their reputations
and they continue to fail upwards and it seems like there's no consequences so there's no
consequences for shilling block five you get a bigger podcast as a result of it you get more
followers as a result of it afterwards people forget about it there's grumpy people on twitter
but you know those people do not uh are not able to hold them accountable platter cannot hold them
accountable um or there's no consequences uh seemingly and in the people that have integrity
are having fun staying poor and the people without integrity are just continuing to
to gather wealth they're getting paid by paper bitcoin companies uh so a lot of people you know
get frustrated because it's almost like there's a negative consequences for having integrity
in our culture. Now, I think a lot of people that choose the route of integrity believe that
at some point there's going to be consequences for bad behavior that it's going to catch up
and there's going to be rewards for being an integrity or having integrity.
uh what do you think that point is when the consequences finally catch up with these people
i don't think they do not in not in our lifetime and and i hate that i have to say that but i've
i've got to be truthful about it because it ain't just this space it's this is this is a
this is broken money that we we've been infected by broken money for so long that even
even some of the hardcore Bitcoiners that have fallen, and many of them have,
it's because we can recognize what's wrong. And we do. And we can recognize in great detail
what's wrong. And we do. We know the money's broken. We know how it's broken. We know how
gets fixed. But the money's been broken for so long that multiple generations have entered into
a kind of humanity that, in my case, I believe in God, so I'm going to say that God
never meant to actually occur. People walking all over each other for a goddamn time.
of people lying to each other, not caring about where their wealth goes after it as long as they
get theirs, right? And that didn't start with us. And it didn't start with our parents. And it didn't
start with our grandparents. It started before that, which means we have several generations
reinforcing bad behavior when it comes to financial broken incentives. And it's just
come down the line and we are at the end of it right now. But that doesn't mean that the end of
the bad behavior and the end of the rewards for that bad behavior also end. There's going to be a
longer tail on that. Right. So as much as it pains me to say, there's, I'm not ever, I have yet to see
any of the shit coiners quote unquote get theirs. And I'll go even further to say,
I don't care if they get theirs or not. I have better fish to fry. I, I, I,
I don't want to lend what, you know, I've got two brain cells left after all the alcohol I
ingested in high school. I don't want to waste their energy rubbing them together to worry about
what the fuck Dennis Porter is getting paid and why he's getting paid or those assholes at bankless,
right? I don't care. You know, they're, they're, they're going to, they're going to be much
wealthier than I am. And if, if that is how I gauge myself and the other people that are in
this space, then I don't understand Bitcoin and I don't understand how the money's broken.
And I don't understand what the phrase broken incentives mean.
So I try as desperately as I can to stay away from the judgment portion.
Although I don't have any problems saying that I do think that some of these people
are pieces of shit.
I mean, there's a judgment call, but then there is the I don't, I'm not hoping for consequences.
Not because I don't think I'll see them, but just because it's a waste of my time.
That's definitely the mindset of the pioneer right there.
The pioneer is not concerned entirely with other people's behavior and filled with this vitriol of failed purity test.
I think that's a mindset that's really important
Fordivin' is for the shit coiners
It's not for the shit coiners, it's for yourself
Well, the shit coiners
It's like the poor
Jesus said they will always be with you
They will
I mean, there's
I keep
There's been several cycles
That I've been through
where sure you know i i'd hear people say well surely this is the cycle where the shit coins go
down the drain that's never going to happen and i really again this is the part of this is the
danger of lending your energy to hoping for consequences because a it's just a waste of
your energy and you're not applying it to something else and and b it ain't ever going to happen
There's always going to be some grifter
and figuring out how to affinity scam somebody on it's the best Bitcoin.
I mean, I know a kid that's a neighbor of mine
at the house that we have in Colorado,
and he keeps trolling me in meat space about fucking Cardano,
and the dude's not even 17 yet.
I got a 16-year-old kid that's got his, you know, four businesses of his own that he's built.
And I'm really proud of this kid.
You know, he mows lawns.
He does, oh God, excavation.
This is a kid that was driving, you know, John Deere tractors and Caterpillar fucking backhoes when he was 10 years old.
and yet as long as he's known me and as long as i've told him bitcoin only no charles hoskins
and cardano add us to the moon bro add us to i can't i can't do anything for him
i've told him everything that i can i hell i even interviewed him for this pod for my podcast
and he was like shilling cardano and i'm like don't do that
he came on your podcast shield card damien did you want to slap the broccoli haircut off him
no i love the kid too much which is why i will never give up on him i will never give up on him
i think this is the problem with the the boomers is that their parents just gave up on them they
were running around they had the long hair dropping acid engaging in the mk ultra experiments with the
cia and their parents are just like you guys are fucking idiots like we're done with you
and then the boomers are like oh this is how you parent you just give up on your kids we're just
gonna call them we're gonna call the gen xers the millennials we're gonna call them pieces of
shit we're gonna call them lazy our parents did that to us i mean both the their parents they
they were the champions the heroes of the last fourth turning and then they had a bunch of kids
who turned into hippies they had kids who turned into hippies um and just were just like such
hypocritical and hey it's hard not it's hard to blame them sometimes but it's it's proof that you
shouldn't give up you shouldn't give up otherwise if they're if they're experimenting with cardano
when they should be you know listening to the sailor series the robbery love
instead like who knows what they're going to do if they keep it the key spiraling down they're
going to have their own their own broccoli haircut what stock i we got to break the cycle we we can't
give up on the broccoli haircuts they're going to be shilling their salon of meme tokens they're
going to be pumping cardano they're going to be talking about xrp we can't give up on them like
the boomers gave up on us well what's what's really going to blow people's minds in in the
bitcoin space is and it's kind of already happening i've seen a couple instances but it hasn't
really popped its ugly head but my prediction is that you're actually going to see a lot of people
on Bitcoin Twitter, or
well, at this point, crypto Twitter,
that swears up and down
that they're going to make a million dollars
because they're going to hold Tether.
Because they don't understand what it is.
And they're going to shill it to their friends.
And there's this great cryptocurrency,
man, it's pegged to the dollar.
And they don't
understand what that means.
I think you're just going to have
like, you're going to have these
school teachers
widows who they've got a 401k and Donald Trump let's put tether in their 401k and they think
that they're going to do what they do now instead of just you know instead of investing in uh
whatever their their 401k program allows and equities they just keep it in a money market
account and they're just going to have their tether sitting there earning you know whatever
aby that justin's son is offering on you know one of his you know defy chains
yes yes and and you know most of our problems a lot of people really think that
our problem started with the altcoin you know phase coming out of you know uh leading up to
2017 and then the ICO boom after the block size wars ended but it really wasn't that
it's that goddamn sushi swap the whole advent of defy was i didn't see it coming right and at the
same time that that shit was was on the table that's when tether that's when tether happened
because these guys needed to move in and out of that shit like and and that's what really blew
tether up and i'm actually shocked that i did not see thousands and thousands and thousands of
accounts start saying how they're going to get rich on tether i i mean i i know it's going to
happen i know it's going to happen well i think i think it's already happening i think i don't
think it's it's quite as uh absurd i mean there will certainly be people who just like think
they're a hot old tether but it's it's coming back kind of it was at its peak in 2021 it was
you had the centralized exchanges block fi and celsius and nexo but then you had all those other
ones and like i said justin's son has his his fingers in a lot of those there's a big over in
asia but you usually throw your tether on uh one of these yield farms or something it is one of
these yield experiments they've got and they they promise 10 15 20 interest uh and people think that
uh you know they think that they're just making away with easy money well for for a lot of people
around the world it might actually be the case that hodling tether is a good financial decision
for them we we saw if you read the book when money dies
the people were trading out of the the german or yeah the german mark into great british pounds
and dollars and they were just making a killing off the the currency trade i mean you live somewhere
like canada or you live in the global south you live in russia who's having currency problems
maybe honoling tether is for for a u.s citizen it sounds kind of silly
well from that standpoint yeah in so far that they're not going to get debased so whenever it
is that they collect the tether that's their that's their basis line it technically it can't
actually go up unless excuse me like rod was saying
throwing it on some kind of solana chain that offers some kind of you know usurious amount of
of interest rate of course you always have to ask yourself where does the yield come from but that's
that's a different that's a different discussion the people that try that are going to get wrecked
that you know they will and and that will happen it's all it's already happening and it's already
starting to permeate into another type of thing, going back to the Bitcoin treasury companies,
I saw a headline earlier, it was either last night or today, that the new hotness on Wall Street
is dividend paying ETFs. And I'm like, okay, you clearly don't understand how this shit works.
I mean, maybe the people that are writing it probably don't, but the people that are
sending the press releases to say, hey, we're going to design this new instrumentation
where you're going to get yield on your ETF.
And I'm like, this is just going to end poorly again.
And I don't have to be in Bitcoin to see shit ending poorly.
All I have to look at is mortgage-backed securities and collateralized debt obligations.
that's all i gotta say and collateralized or or cds's collateralized debt swaps or
default collateralized default swaps because that shit happened all that shit happened before bitcoin
was even born of course you know from what we know was the impetus that created bitcoin but i think
bitcoin must have been in the works before that shit actually happened in either in either event
we keep seeing the same pattern over and over and over again and it's spelled grift
and it's just it's just a new it's a new wrapper on an old scam that's been perpetrated on the
human species for fucking millennia at one point or another we keep thinking that at one point or
another that the that humanity will learn from their mistakes and stop being stupid but
I mean I got to be pessimistic on that
I think that there's always going to be
A large enough percentage of the human population
That you can just scam until the world looks level
And it's sad and I don't like being negative that way
But I also got to be truthful with myself
That all we can really do is save ourselves
And save or at least try to save the people around us
We can't save everybody
why is it being negative being accurate do what why is it considered negative to be accurate
because it's not the story people want to hear and it is it's it's not that it's negative it's that
i'm not painting a bright rosy picture because that would just be straight up lying for one
But the picture that I am painting, as truthful as it is, it's not the story people want to listen to.
And that may be one of the integral parts of running a good scam, is not ever saying the truth.
It's just 100% complete lie and being able to maintain that lie for very long periods of time.
I honestly think that that's all you really need to do to perpetrate a scam
as to whether or not you can sleep at night
I guess is up to you and whatever God you worship
so who do you think are the people that
don't want to hear that
that don't want to hear the truth
is it the people that are susceptible to getting scammed primarily I think you susceptible to getting scammed and I don think it depends on some kind of innate intelligence
I think it's more emotional.
And it doesn't matter what your IQ is.
You can be left side, right side, right smack dab in the middle.
Everybody's got emotions, and everybody can be preyed upon
depending on their emotional state.
and the money is since the money has been so broken for so long
it's easy to prey on people that are desperate
but that's the target the people that are desperate the people that
really need um solana to do a 10x the people that really need cardano to come through for them
you know it's just i think it's just that simple i wish it was more complicated but i don't think
it is and because it's so uncomplicated i think is why we are going to see this over and over and
over again and we're not going to learn and we're all and all the people that are you know waiting
for altcoins to go away are going to continuously be befuddled as to why they don't and it's just
going to make them sad and i i don't know man just buy bitcoin be happy buy bitcoin yeah the
the it ultimately boils down to like somebody who is looking for the next bitcoin or the next
better bitcoin even if they are cynical enough to know that there is no next bitcoin but that
enough other people will be fooled into believing it's the next bitcoin and they have a chance to
make money they they just keep needing these cynical things to happen to come through for them
instead of realizing that you have to learn to come through for yourself that it's like not going
to be somebody else somebody else's idea somebody else's stock somebody else's uh coin you have to
come through for yourself and you otherwise you're just going to constantly be susceptible to
some sort of emotional tide that makes you fall for a grift or risk vulnerable to a grift.
Yeah, that's, that really is what it boils down to. And this has been going on forever.
You know, it's just, it's the same pattern over and over and over again. And it's just,
it's just gotten worse because as incentives get broken, there's more attack surface because
There's more people that are desperate.
The more you send the economy into a tailspin, not just the United States economy or the West economy, but all the countries of the world's economy, when you interlink them like this, it's like a butterfly flapping its wings and Indonesia and a typhoon wipes out California.
These things are so interconnected now that you can literally manipulate almost you can almost manipulate the feelings of most of the population on the planet in record time.
And the more that you can produce desperate, sad people, the more you can take what's left of their money.
because that's what I see when I see one more shitcoin come online
or one more altcoin or one more ICO or whatever.
And that's the problem that I have with these Bitcoin treasury companies.
And even though I don't have any particular beef with Michael Saylor himself,
I mean, it's actually kind of a brilliant move.
He is the first guy to actually say,
hey, you should probably really look at your balance sheet and use that as a tool of leverage instead of just letting it sit there and have cash on hand to pay next month's payroll.
Because he really is kind of the first guy that said, yeah, we really should probably be looking at this as our balance sheet as a tool, as something that we can really leverage.
And here's how we're going to do it.
And he was doing so well for so long.
And then all of a sudden he said, you know what?
We're not even going to do software anymore.
And then the next thing after that came the dead instrumentation constructions of strife and strike and stride and whatever.
And that's what I worry about if it is not followed up by a rock solid revenue plan.
Like I've talked about it on my podcast before.
over the last couple of days that he could secure loans for people using a third-party loan
guy like Goldman Sachs, and he backs it with Bitcoin and says, okay, guy that's getting the
loan, you're actually not getting the loan from me. You're getting it from Goldman Sachs. I'm
going to back that loan with the Bitcoin that I have in my treasury, and I'm going to take
you know, 50 basis points off the top.
So if they're charging you 7%,
you're going to owe me 7.5%.
I'm going to pay the 7% in your name to Goldman Sachs,
and I'm going to keep, you know, 0.5% off the top.
That's my revenue.
If he doesn't do that,
then I'm just going to have nothing but problems
with if he comes out with, you know,
I don't know, T-U-R-D, Preferred Perpetual.
You know, like that page, you know, 15% or something like that.
It's just because it doesn't make any sense.
There's only so many people out there that are dying to get into the next best thing that's going to 10X.
And I think it's kind of running out of steam, which is, if I look at Strive,
at least they bought, when they bought similar scientific, at least they bought a company that's got a revenue stream that has positive cash flow.
That makes sense.
But continuously printing debt like you're the United States Treasury or the Federal Reserve, after a while, we know how that goes.
yeah well you know i guess really wrapping up the entire thought on the bitcoin treasury company
space is that there is a difference like michael saylor is the pioneer in this uh sector like in
this experiment in a strategy um and i think actually although you raised like some pretty
good points that from my perspective i could see it was gonna just keep borrowing and selling if
like you can do it at virtually no coupon or no interest until that kind of runs out and then
they'll probably stop but i think actually that i've heard multiple people speculate on this like
that they are they when they change the name for micro strategy to strategy with that that symbol
that uh it kind of followed or people suspected that they were doing this brand this over it
It takes a few years, but they slowly rebrand into,
like they're going to call them strategy bank.
It's going to be some sort of financial services
or financial offerings,
something like what you were talking about,
maybe more broad than that, maybe more narrow,
maybe something pivoted altogether.
But at the end of the day,
like Sailor is the largest one at scale,
the most quote unquote trusted and most pioneer.
And then there,
but this is a whole bunch of other companies
that are doing this and it's very uninspired.
they don't maybe they think they've got some sort of plan to to uh invest in something new and start
generating real revenue um or maybe they're going to try to become a financial institution but they
don't really have a solid plan or direction and they're just kind of piggybacking off of this wave
trying to get extra liquidity for pipe event etc um and i think that that's just another best
something to pay attention to is like don't get caught up in all this hype there's really probably
one or two players that are going to execute this well and continue to grow and that's not
even guaranteed um and the rest of these are definitely probably doomed before they you know
even ipo yeah and what i was thinking about earlier today was that given the the news of
strive buying similar scientific what's what's being positioned with all like like b hodl is is
a great example because they just announced 100 Bitcoin by today. It could be because I usually
look at the longer tail of these companies that are coming in to try to execute the strategy
playbook. I see most of these as it is a Hail Mary. Even Metaplanet is a essentially, they
actually sell they admitted themselves they're a failed management company in real estate they
failed right however they're in a position with the amount of bitcoin that they have that they
will also probably survive because if they can convert and go into financial services with the
kind of bank that they got they will probably be able to survive but they won't if they can't find
revenue. But for the rest of these guys, I'm starting to think that these Hail Mary passes
are not some of them, like the ones that came online a couple of months ago,
are going to like try to like construct debt instrumentation like strategy, sell, you know,
perpetual preferreds and get people to give them money so that they can buy more Bitcoin, which
increases their general wealth and rinse and repeat. But these newer ones, like these last
ones here, I'm starting to think that they're not even interested in doing that. They're looking to
get bought out. They're looking for, they're looking for Strive or somebody like that to come
just say, Hey, we'll take the whole kit and caboodle off your hands. And, uh, the top three
guys at the company, you can be on our board of directors and we'll pay your salary. Everybody
else, bye. Gotta go. Right? So you're going to see, even if I'm wrong about that particular theory,
you are going to start seeing massive collapse and consolidation
probably starting pretty soon and continue throughout the year of 2026.
I can't say who because I don't know, but it's that gut feeling. It's that nagging at the back
of my neck that's saying, yeah, this shit's coming to an end and it's going to convert
into something else.
And I think the something else is definitely going to include a whole bunch of collapse and consolidations But I think these newer companies that are doing the strategy playbook they just looking to save their
bacon at the top echelons of the company and say, hey, we've got enough Bitcoin to be interesting
to somebody to just pick us up. Sounds kind of like ICOs, the pump and dump. Yep. Yep.
well i think going into the fountain boost i think uh one of the things a lot of these companies
could do is uh they could buy profitable bitcoin podcasts and then they could generate some revenue
on the books um buy my bitcoin bitcoin podcast exactly um so one of the things we do we read
the founding boost from the previous interview show that we did uh you're following up matt
odell this was a fun conversation we had uh he used to be a grumpy bitcoin podcaster but he's
not so grumpy anymore he's hairless but he's not not as grumpy yeah what do you think about his
haircut actually it's a good looking haircut i i can't really see it because he's always wearing
a ball cap but hey you know what you gonna do clearly though he's got he's got a pretty
nice looking haircut at least the parts that you can see my conjecture is that his wife gave it to
him you know why his wife uh gave him the haircut because he doesn't want to be short bitcoin
no because these these ai apps it's way too easy when he has long hair to make him look like a girl
and she really doesn't like right she doesn't like she doesn't like the sexy odell pictures
i mean iai oh oh bird she she doesn't she's a straight woman and she doesn't like to admit
that her husband looks super hot as a girl oh dude double bird yeah it was a fun interview uh
we talked we talked about a bunch of stuff we talked about open sats we talked about
uh bitcoin podcast odell you know i kind of likened him to these figures in american history
that have been really important like a like a benjamin franklin type character like thomas
jefferson like when our children are being schooled in the citadel schools in the future
they're going to be reading in the history books about the great bitcoin podcasters i would love
you in there too oh i appreciate it if you were to compare yourself to as a bitcoin podcaster to
somebody in american history like a thomas paine or you know somebody like that who do you think
you would uh be likened to in the history books 50 years from today
david gilmore
i don't know why he's just my favorite guitar player
I don't really have a lot of knowledge
Off the top of my head
Of great historical figures
I don't know
I mean
We all make our own history
You know
It's like
Again this is sort of like
I go back to
Trying not to give my energy over
Into worrying about whether or not
Somebody gets their comeuppance
You know, all I can really do instead of, you know, wasting my time trying to figure out if I'm like George Washington or not, is to just be David Bennett.
I mean, that's, which is my real name.
You know, I mean, I say it on the podcast all the time, so I'm already doxxed and have been so for years.
But that's the only person that I can ever be.
You know, I can't be like somebody else because I'm not them.
totally it is interesting to think about like bitcoin podcast matter we we've all
that have participated in this we've had a sizable impact on history we've been the uh
propaganda arm for this shift
for very for a variety of reasons some of us are spooks some of us are good intentioned individuals
some of us are opportunists but either way we've played a role in history we've impacted people's
lives and uh bitcoin you know i think we're all predicting is going to have a pretty sizable
impact on history but yeah we we talk about the founding boost so um before rod i want you to read
this first one but before we get there i forgot to read a boost from barn barn barn minor so barn
minor is too stubborn to sound send boost on fountain so he sent me a like 3 000 set
uh boost and then he messaged me his message on signal and i forgot to read this uh but he has a
self-destruct timer on our messages so his message deleted but he said something about
fountain being gay so he wanted to he wanted to say to everybody that fountain is gay
there was something along the lines of that that was his boost
that's that is the average um interaction with barnmeyer he's complaining about lightning
networking to get boost from some like podcast thing that somebody built in their garage in from
his meetup and then uh and then his his messages on telegram disappear even though they're incoherent
usually um so it's not like the feds could read them but anyways thank you bar and minor um the
next one is from fundamentals now a little context if you didn't listen to the last episode um i
brought up a situation that you know i hyperbolically attributed fundamentals our friend
to having Odell derangement syndrome
and has a way to prove
that he doesn't have Odell derangement syndrome.
Within 20 minutes of the podcast coming out,
he recorded an emergency podcast
about half hour long
to explain how he doesn't have Odell derangement syndrome
and talk about how much he respects Odell.
So yeah, so that is what his boost is.
He is sharing a link to that.
He says, my official response to being accused of Odell derangement syndrome, and this is 21,000 stats, by the way, wanted to say that Matt was a great guest, and I appreciate his candor and generosity with you guys.
I expect a retraction to maintain journalistic integrity.
Congrats, guys.
I already responded by boosting his and saying, way to prove his point.
But, yeah, do what you will.
I don't think that there's any commentary that I have to add to here.
I think that the entire nature of the story,
you can listen to the podcast emergency response yourself and draw your own
conclusions.
I think that,
you know,
it's definitely normal behavior that what he did.
So is your official statement,
you're not going to issue a retraction?
Yeah,
I'm not issuing a retraction.
I think that there is not enough evidence to,
to clear him of the Odell Doreens with syndrome charges.
What's the worst retraction you've ever had to issue, David?
Oh, I can't remember a specific one.
When I do issue retractions, it's usually because I would, I don't know,
one of the most embarrassing ones was I just to flat out read a clearly
bullshit store, a news story or article on,
on the podcast and then not realize it until I'm like all the way through it
because it's very embarrassing to do that shit.
And it's happened a couple of times and usually the retraction is immediate
because I realized just how stupid it was pretty much immediately. So yeah,
It's usually when I do screw up like that and don't really truly vet a story.
And it happens.
I don't mean it to happen, but it happens.
I feel bad about it.
One of the things that credential journalists do, they typically don't issue retractions unless there are Jewish lawyers involved with either threats or actual lawsuits.
well jewish lawyers are very good at what they do they're the best the absolute best if you need a
lawyer get one that's jewish man because those motherfuckers don't mess around you might know
this uh next booster thank you fundamentals for the boost i enjoyed uh listening to your uh
rebuttal to rod uh the next boost you might know this guy david if you don't i think you
it'd be cool if you did this is otis bitmeyer 5 420 sats says a delight to hear he's a nostor guy
he sells coffee he's a good candidate for the circle p yeah i i know i know of otis i follow
him on nostor and i think i think i've i've asked him uh directly if uh he'd be interested in in
in doing something like that. And I need to get, I need to get back to them.
There's a lot of people I need to get back to.
There's a couple of people that are interested in getting into the circle P and
just, that just makes me happy.
It's one of my favorite things that you do. I love that.
It's one of my favorite things that, that I do. I was just because it's like,
it's it, it, for me, it's like,
how do we help each other in a real,
in a,
in an actual way instead of saying,
Hey,
you know,
buy stack sats and stay humble or don't buy shit coins or anything like
that.
It's like,
what,
what else can be done to help people?
And it was like,
you know,
most of these people that are trying to,
to make a product,
they don't,
they don't have money to advertise.
They just don't.
and I like, you know, even though my audience is small,
they do buy things, and the people that I put in the Circle P,
their products are freaking awesome, man.
Soap Miner, Great Gee, Ben Jessman and Peony Lane Wines.
Who else do I got?
Who else did?
Shee Shee's Comfrey.
Yeah, Shee Shee and Oshie from Oshie Good.
his
huddle butter
and stuff like that
is just
all these products are amazing and all I really want to ever see anybody do is be able to get out what get out of whatever grind they are doing and and do the thing that they actually want to do and if there
any way that that i can help these people out that that's why the circle p exists
yeah yeah i mean that's that is uh one of the benefits of farting around on nostrils you might
find some really good hodl butter since always out there um next one is from our uh from our
from our friend late stage hodl 5000 sat the big wine time chain should replace history books i met
matt once uh when he was drunk at the rabbit hole recap hot style takeover and he invited me and my
wife to the park. This was in between his stage of grumpiness in the next day of hum over grumpiness.
When I got to the park the next day, we did not get to speak. It was sad, but I still don't have
Odell Derangement Syndrome. He's a legend. There might have been my moment to stop acting like a
retarded plaid and turn into a pioneer. Just like he said, so many people care about things that just
don't fucking matter.
oh yeah i mean i can't no way i can see late stage huddle
having odell derangement syndrome he's too uh he's too chill
he's a good guy he's a really good guy big fan of late stage huddle i gotta hit him up see how
he's doing orange mark 2500 sat says proof of positivity from grumps to gleeful freaks pioneers
know the future is bright orange orange uh emoji lightning emoji
it's been a while since we heard from the orange mart uh david are you familiar with uh orange
mart yeah but i haven't seen a a nostril post from orange mart in quite a while
come to think of it i need to make sure i'm following them on nostril
it's been a while since i went to the orange mart yeah they haven't been super active i actually
went and looked because i was wondering but it is good to um seeing back in the booths listening
to podcasts hoping to see more timeline activity miss the orange mart um to see no bullshit bitcoin
come back man i'm really kind of oh yeah for sure that's a good one uh the next one is jason c
2,121 sats
blown away by those so far
well done gentlemen
thanks Jason
Jason he has
the podcast back on the chain
with fundamentals
so Jason loved it
fundamentals
you guys should talk about the
ODS on the next podcast
there might be an interesting conversation
there too
are you a fish
fan David
not really i i know of fish and i know the uh
i know the um the vehemence of the fish fans but i never really never really got into uh
into the band myself we we've hit this point in bitcoin culture where people have realized there's
a market for certain topics overlapping with bitcoin and these guys jason and fundamentals
they believe that fish has a lot of overlaps with bitcoin so uh they frequently do podcasts
tying those two topics together and it's interesting um thank you jason uh sean 1000
sat says Odell confirmed
still on Twitter.
Yep.
Odell
has been
sleuthily interacting with
Twitter via the 1031
account.
How dare he?
Yep. Tom, last one
chair, 1000 sats, gray
rip. Thanks, chair.
Average Gary, 1000
and Satz says three
heart hand emojis.
Oh, man. That's a little
shit right there.
Well, we're going to
get the Average Gary.
He's interested in coming on
the podcast, so that'll be a good interview.
Average Gary's got high energy.
237 Satz from GodSat.
Thank you, gentlemen.
Thank you, GodSat.
Yeah, he always boosts
me. There's a couple of people
in that list that boosts me but god's death is is always there and wartime always boost uh my
podcast too i love these guys these nostril guys are great they're they're people i think a lot of
the people that are really excited about nostril are people that are excited about using bitcoin
and that's kind of a rarity in some ways it's i wouldn't say there's less people that are like
that i think it's just a in the differing demographic growths in bitcoin it's one of
the smaller ones uh wartime 133 sats two dynamite emojis pleb institute 121 sats hilarious episode
i appreciate how adult tried to keep a serious face when robo cop voice pulled his absurd
questions out of nowhere i would definitely tune in again if i had absolutely nothing to do with my
time who's robocop voice is that you or is that me
yeah he has to be more specific he probably you can't tell the difference yet he's a new listener
what do you think the pleb institute is is that a real institute do we have a new institution here
we all need to be accreditation you probably know this guy oh hell yeah absolutely pies
121 sats salute emoji mushroom emoji strong arm emoji
100 sats from dtc on board three thumbs up
south side dave 100 sats stay humble and let core devs have sex smoking emoji so
what's your opinion?
Should core devs be allowed to have sex?
Oh, core devs.
At this point, the core devs need to get laid.
They need a blowjob worse than anybody else
on the face of this planet right now.
I mean, these guys are just...
They're going after the knots guys.
The knots guys, they need to get laid too, by the way.
I mean, everybody needs to go to a strip club,
lay a bottle of bills around,
and have some fucking drinks,
because this shit needs to end.
Cheers to that.
Is that where it ends the debate here?
Yeah, sex always ends a debate.
So the strip club is the key to having sex in this scenario.
Exactly.
Sex, drugs, and rock and roll.
That's why we have it.
Strippers to the left, drugs to the right.
so kind of closing out the episode i'm curious uh so i believe your your main monetization
uh strategy for your podcast is uh value for value correct yeah
are you pretty excited about the uh nostor integration that found and did
yeah yeah i am it's just going to take a while for all this stuff to to to catch fire you know
It's like it's new.
People don't understand it.
People are used to commercials.
I mean, we're all being pioneers here.
I mean, we're literally treading into brand new parts of humanity that we've never explored before.
And it's going to be interesting to see how it rolls out.
It's just going to be very painful, and it's going to take a long time.
I think it's so cool what they did.
i'm a huge fan of it to be able to combine like because i scroll i scroll through nostor and i
just see my episode over and over and over again with boosts attached to it and as far as a
discoverability standpoint as a content creator it's it's awesome because i think a lot of people
that are engaging the value for value ecosystem are disadvantaged as far as discoverability in
a lot of ways uh because they're putting more time and effort in these platforms that may not
have a larger audience but you get in front of the people that are interested in spending bitcoin
engaging in the value for value ecosystem and it's cool it's i think it's really cool
i'm a huge fan of it i i see a lot of potential for it
yeah i love the guys over over at fountain and uh the guys at pod home you know uh really
integrating the podcasting 2.0 features uh like i said it's we don't know where this is going to go
but it's got a bright future that's for sure yeah i think the biggest danger for us is if the
the broccoli haircuts uh try and create something like fountain but with solana meme tokens
don't give them any ideas please for the love of god
your little cardano mentee uh maybe could open a fifth business no no i will not allow it well
david i really appreciate you coming on the show uh you got any uh closing thoughts for our
listeners before we wrap this one up?
Learn how to have fun staying poor.
If you can do that,
then the resilience,
you don't even need to be resilient at that point
because you're bulletproof.
And the second thing that goes along with that is
we have to discover for ourselves what wealth is
and not what somebody told us what wealth is.
Because ever since you've been born,
and somebody somewhere is telling you what you should think wealth is.
That's the trap.
Hell yeah.
Guys, head over to the Bitcoin AM podcast.
It's the best place to get your news.
Besides the Beagle Weekly, of course, but it's a very different type of news.
Headphones on, volume up.
I came for the money, came for the gains.
I wanted a limbo and side chips on planes
But after a while, my NPC brain
Became obsessed with the immutable chain
40 hours per week
40
40 hours I seek
40
40 hours per week
Party
Three hours I seek
Forty
And that's just the start
Difficulty adjustment
Turn the world upside down
And breed love and save the drop
A track called thermodynamically sound
Before I could notice
My path hadn't set, I was orange with so hard
I was a national security threat
40 hours per week
40
40 hours I see
40
40, 40 hours per week.
40, 40 hours I seek.
40 and that just the start Now I in a podcast studio
Two days a week
I haven't missed a meetup
In 21 weeks
Now I've picked a conference
Over my own wedding
I'm so far down the rabbit hole
I don't see it ending
40 hours per week
40
40 hours I seek
40
40 hours per week
40
40 hours I seek
That's just the start