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Bitcoin has a chance of losing the energy conversation.

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It's not even going to be a question.

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It'll be, yeah, AI gets first preference.

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It'll make it very scary, the rounding up of the energy sources and sort of reprioritizing

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them.

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They will ration it for whatever is the most beneficial.

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That's up against it because Bitcoin's security policy is energy.

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You get to a point where countries need to start accumulating Bitcoin or figuring out

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how to accumulate Bitcoin because they need to.

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Bitcoin becomes quite literally a way to turn these machines on and off.

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Everything becomes a power generator because that's what it needs to survive.

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We have to kind of hope really well that it doesn't go that way.

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The layers of earth, like as in humanity,

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I don't think they're going to hold very long.

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It just looks too obvious to me that it's too vulnerable.

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Yo!

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yo how's it going hey what's up how are you man dude awesome what's the latest

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just uh getting ready to go to vegas oh my god which is gonna be fun huge i leave i leave on

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friday morning and uh meet up with pete in la and then we're driving over to vegas oh man you guys

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all have a blast i know we're back on the road together again oh my god how good man his show's

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I mean, by the way, you know what's crazy?

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Heaps of Pete's guests that I've watched, I'm like,

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I didn't realize who they were when I was watching,

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but now I'm like, oh, that's the candidate for like Rupert Lowe

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or whatever his name is.

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I watched heaps of his stuff, but I was like,

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where have I seen this dude before?

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And I was like, oh, my God, Pete's had him on his show.

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Unreal.

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i mean he he's uh i think he's gonna win the next election it's pretty crazy and he and p's like

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friends with him like he's texting him privately like they're like strategizing together it's

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pretty crazy i mean i think pete's got a pretty good voice like in terms of opinion on like the

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strategy for the zeitgeist like because he's so in tune like he's saying you know he sees all sides

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of everything but like i find like that the bitcoin is coming from bitcoin land they see it

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pretty deep down the stack almost like they're really kind of critical thinking like a lot more

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than most of the traditional worlds anyway so you kind of get like uh it's like you get off the

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ground faster with bitcoiners typically in terms of them trying to figure out why this system's so

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cooked or not cooked or should be cooked i just realized i don't have my charger can i have one

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sec Danny sorry I'm just gonna pick it right grab it hey I'm literally eating all of our lunches

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I'm like it is you have no idea how many friends from all walks of life like lawyers executives

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advertising exec like all the food chain all the way up all the way down it's like insane

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How much is this wigging you out? Because you're a crazy guy. I can imagine you've been going down

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some rabbit holes with it. I don't know where it's going to go. I don't. Okay, so here's what's

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going to happen. We're going to have 20% unemployment, call it 15% to 20%. Then you've

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got mixed that with 14% to 16% inflation, being generous. Maybe it's 10%, maybe it's 12%, but

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it's double digits. So the problem is like, they're not losing their job. Like, oh damn,

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I got to go figure out where to work next. It's like, no, no, no monster.com. They've removed

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that job description. Like you can't list a job for that anymore. It's like saying,

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oh, I wonder if I can list a job description for candlestick maker. We don't have those anymore

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because we don't use candles anymore. We use electricity. And it's like, it's as transformative

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as that, in my opinion, it's going to be like, okay, we used to have refrigeration techniques.

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Now we have electricity and that's a fridge. And there's all these things, sewing machine,

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job gone. Candlestick maker, job gone. Shoeshiner, job gone. But we sort of thought, oh yeah,

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our jobs are really hard to take. It's like, no, dude, this thing's just going to scoop it up

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like lawyers and stuff because people, and as you get this price pinch, right? Like, you know,

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as people, like money becomes harder, people need to resort to more, you know, friendly options.

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What's more economically friendly? And so, people used to hire an engineer for, you know, let's say

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a hundred grand once upon a year, 10, 15 years ago, hire an engineer, front-end dev, a hundred

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grand, a hundred and fifty grand. And then people went, well, that's too expensive. I don't have

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enough money and things are getting more expensive. So, people went to Odesk, which turned into

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Upworkfreelancer.com and they would get a Indian software engineer who is probably asking for eight

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to twelve dollars an hour or nine dollars an hour so basically 10k a year so that 100k a year got

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compressed to 10k a year now India has built basically for the past 15 years their entire

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net export has probably been like talent like you know computer science basically I don't know what's

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going to happen to them that whole world of freelancers in vietnam philippines and all that

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stuff these virtual assistants or front-end engineers and stuff it's like um like i don't

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know what do you do and then it's like imagine if you and i just went to uni and we just finished a

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computer science degree course or in year four that's the scariest 275 grand unforgivable from

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bankruptcy you still owe me that money student loans it's like unforgivable for now it's like

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oh my god I'd be so worried like and what do you do to pick and it's like I saw let's say okay so

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you go the plumber route right everyone's a plumber now or they should become a plumber that's like the

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most like safe from the AI monster but I saw this video of it was a tennis robot playing like a high

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school top tier tennis player and it was only trained on like four hours of data and the guy

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was like what the fuck was that like who who was that tennis player and how long has that been it's

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like oh that was just four hours it's like imagine you've got a warehouse data center dedicated solely

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to that dude plumbers are toast and what will probably happen is because everything's so

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expensive we're going to redesign how we build houses so we're not going to use the same plumbing

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techniques we're going to use what what could a robotic plumber get access to okay let's build for

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that guy to be the one maintaining it and i think you're going to see just how like we don't have

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chimneys today right like we don't i mean most places don't have chimneys because most places

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don't have fire fireplaces anymore um we don't have chimneys it's sort of the same vibe there's

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going to be sort of this relic of house design or styling or interiors that we sort of don't

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i don't know it's just a thing of the past like it's crazy um i've no clue how we don't end up in

84
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I love that we've just gone right in at the deep end here.

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But one of the things that freaks me out with this is AI definitely going to replace a large

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amount of human labor.

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Who knows whether that's 10, 20, 30, 50%, whatever.

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There's a lot of human labor going to be displaced.

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It's displacing a lot of human thought.

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And at the end of it, does it actually sort of disrupt and remove human freedoms as these?

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Because what is quite scary about this to me is that for a while, I thought that open

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source smaller systems were going to have a real chance against these frontier models.

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But that's looking less and less likely, in my opinion, at least.

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And that's a really scary outcome.

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it's like mass consolidation of basically information it's almost like you now have

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three funnels of information and everything else is pretty much like not really vetted like people

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say oh chat jbte claude whatever like some specifics but most of the time we're only

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going to get lazier and lazier oh grok is this true like grok is this true that's already a thing

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it's like i can't even be bothered googling it i'm not checking anything and you know like we're

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all getting worse at that. Like in general, we're getting less fit and healthy and we're getting

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less mentally fit and healthy because we're so used to like, when you, let's say like, let's say

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you're looking at content online. If you have to look at a piece of content, it used to be like,

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oh, cool. There's a dog riding a, you know, a go-kart or whatever. And now it's like,

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is that true? Is it not true? Is that AI or is it not AI? Is it propaganda? Is it not propaganda?

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Is this a left-leaning side or a right-leaning?

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And the next thing you know, you've gone through like 12 different decisions

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before you've even gone, cool, that content's cool.

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Like to digest it is exhausting.

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So people now-

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And that's only going to get worse.

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It's only going to get worse.

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And so, and not only that is as our dopamine keeps getting stimulated

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like harder and harder, it makes the level of give a fuck.

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So like grok, is this true?

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Is like the maximalist like lazy answer.

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And it's like, we're only trending towards that more and more, which is so scary because

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we're basically getting set up for an environment that needs us to have maximum human skill.

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And we have literally eroded almost all of it and the motivations to actually do stuff like

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putting a shovel in the dirt right now. That's a very far like thought for many, many people

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because we're just not used to having dirt under our fingernails anymore and all that kind of stuff.

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but it's like that's where the puck is going almost hardware some like concrete cement like

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look at the bitcoin miners like iris and stuff like that like they are like i was saying to

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yesterday like they are in this like almost like they're the the bouncer at the pearly gates you

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know which way do you want your energy do you want it to bitcoin or do you want it to ai and

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information so it's money or information but it's only going to two places one or the other you pick

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and like now when you think about that the scary part about all this is is that i from bitcoin's

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perspective there's a scary part which it means that bitcoin becomes sort of not the bell of the

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ball when it comes to energy and so if we don't have bitcoin as the bell of the ball for energy

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then it'd be like look bitcoin that's cool we're we're not as a species we're not dependent on you

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enough but we have the government that now has contracts with you with ai infrastructure and

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blah, blah, blah. We've had 40 of the top 200 companies on the ASX or the stock market. They've

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changed their entire company infrastructure based around this. So when it comes to like

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rationing the energy, it's not even going to be a debate. It's not even going to be a question.

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It'll be, yeah, AI gets first preference. If you want to mine anything, if you want to contribute

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your energy towards something that's not AI, which is now almost deemed like a public necessity,

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will probably, it'll get some sort of enshrined status, then that'll come at a cost or you'll be

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paying a premium per kilowatt hour or something like that. But it will make it very scary,

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the sort of the rounding up of the energy sources and sort of reprioritizing them.

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You know, just like they did with water, you can't hose. So in Australia, you can't hose your car in

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your driveway because of water restrictions. And people are like, oh, no way they can't do any,

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They're not going to restrict precious.

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But yeah, they're the government.

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It's their house.

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We are in their house.

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It's not my house.

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It's not sort of our house.

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It's their house.

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And so unless we understand that, it's like they will ration it for whatever is the most

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beneficial, both to them and to the, I suppose, the populace.

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But generally speaking, like that's up against it because Bitcoin's security policy is energy.

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And it's like now if that starts getting eroded a little bit and the big miners start getting pushed out, that has a positive effect as well where big miners being broken up or, hey, you know, Marathon, you can't have five hydroelectric dams.

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We need three of them running AI stuff for open AI or whatever.

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That breaks up the big consolidation of mining in a way to a degree.

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I actually think you said this to me.

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Well, yeah, that was going to be one of the points I was going to make.

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I think there's negative consequences to this potentially, but I see some pretty big positives.

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Like mining centralization has been an issue for a long time.

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Like pools is the most obvious one.

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But then like really we had, you know, a handful of public companies in the US that control a huge amount of hash rate.

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And I think almost all of them, if not all of them, are now doing something in AI.

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And some of them like Iron have moved, like they said they want to get away from Bitcoin mining entirely and just focus on AI.

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yeah like i i think there's there's positives that can come out of this and then it gets the

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question of like how much hash rate do we need and i don't know like there's i don't know if

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anyone has an exact answer for that but um more than the other guy breaking up these huge yeah

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exactly that's kind of the only answer yeah um but i think breaking up the pubcos to some degree

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might be really bullish i think i think that's a really good point and i think you were the first

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person to explain this side of it to me once upon a time because someone said it's a benefit to have

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these guys splitting their time and attention, these big guys that get to that status of like

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iron or whatever, where they go, you know what, we'll do a bit of AI because it's going to drop

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their ownership, relative ownership of the Bitcoin network down. And I think that trend in general

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is going to be a great benefit for the network's resilience, obviously. But it just definitely

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means there's a couple of like lumpy patches that are probably going to go through that.

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but you're seeing now like all the all like literally right the one thing cock blocking

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zark sergey brian and all and elon and stuff is energy they can't they can't build another data

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center if they want because they don't know where the fuck's the energy coming from that's why i

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think a lot of the bitcoin miners they're like these uh they're the gurus at finding stranded

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energy basically they're like your friend that knows where the bargains are he that's the guy

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That's what they are like.

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They know where to find energy.

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And so for them, they're getting a lot of investments

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from people like Google and Meta and stuff

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because Meta is basically, Google is sort of like,

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wait, how was the meeting?

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Yeah, Matt?

239
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Yeah.

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Where was the energy?

241
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Oh, it was in Kenya.

242
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Right.

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I was just in Kenya.

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Yeah.

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You know, that's kind of literally to the point

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of what they're almost trying to do.

247
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They're just like, hey, bro, got any more of that energy?

248
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Like, have you got any more megawatts for me?

249
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Yeah.

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Yeah. And we haven't even felt the thirst yet, like how aggressive it'll get. Like,

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I'm like, oh my goodness, this is wild. Yeah. I mean, that's going to get nuts.

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Yeah. Because I'm sure that there's like a ton of hype in the data center play at the moment.

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I think that's natural. But over the next few years, I can't see it going any way but up.

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Literally. And the cool thing from a Bitcoin perspective, and I could be wrong on this,

255
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but just the way I look at it is I think a lot of these AI data centers are going to need some

256
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amount of Bitcoin mining in them to help balance their load. Like being flexible load within that

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stack is going to be super useful. And if we have more and more of these data centers popping up,

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hash rate might grow through this. It definitely could because it will be

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the residue or the offcuts of the big AI engine operating. And that'll develop and form its own

260
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peak and trough times like like an energy grid right we know that it's going to be more energy

261
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usage at night time than daytime in the same way we might find oh these guys use heaps of energy

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you know between nine to five like literally the working who's using ai oh i'm not why the

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fuck are the bills so high during the day then dude it's like everyone's just using it but yeah

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i mean i think i think that's a really good point because that is that's what it does even whether

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it's a an actual grid or a mini grid of like let's say one data center that doesn't operate

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at capacity and they're like we need you know we have on average 10 capacity per day let's get some

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mining rigs in there and they're basically paying the bills for the you know the off-peak times

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or balancing the load making it worth our while so i definitely think there's a one and one and

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one makes three scenario.

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And I think like,

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I think with AI as a,

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let's call it like a species now,

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think of it like a species,

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its preference will be Bitcoin.

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And that's not like a,

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ah, I like Bitcoin.

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It needs to be that.

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Like, it's like, no, no, no.

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It's just,

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its job is to execute functions And that what code bases do They don go oh hey what do you reckon of this This is sortable right They go eh no or yes I work The code runs or it doesn

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And in the same way, it's going to need that level of like a true sentient, a true sentient,

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not someone that's been like, you know, coded for a hackathon to say, I want stable coins.

283
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It's not going to want stable coins because it can't verify the supply. And so as the entity,

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the species it won't it it relies on objectivity not subjectivity so it can't be like no no it's

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good the supply is good for it my mate jimmy works there he told me that just doesn't fly for it it's

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like i need the data or no data at all and so i think for that reason it'll choose bitcoin and

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it'll create this sort of very harmonic relationship where bitcoin becomes quite literally a way to

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turn these machines on and off and you pay with some Bitcoin or you don't pay Bitcoin because

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most of these operators, if they start becoming in the Bitcoin world of Bitcoin machines,

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Bitcoin hardware, Bitcoin energy, Bitcoin timing and stuff, they're probably going to want to think

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about Bitcoin in a larger capacity. And I don't mean just like, how do we get people to pay 17

292
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satoshis per prompt? No, no, no. Like how do they integrate this? This is a pipeline of energy.

293
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So they're outputting energy, extracting it from the earth.

294
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They're probably going to want to get paid in the most energy-friendly currency,

295
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which would probably be Bitcoin in a few years,

296
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unless something gnarly happens, which is also possible.

297
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But generally speaking, it's going to create a real like,

298
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you know the human centipede where he staples all the people

299
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with bombs to each other's mouths?

300
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It's kind of like that, like super incestuous flow of energy

301
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where energy is converted to information.

302
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Information converts that into energy again.

303
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that converts it to bitcoin that converts it into the grid back and you just got this harmonic loop

304
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but um yeah it is like wild like they're like a new species we're gonna have to cater for them and

305
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stuff here's a crazy thing what if they don't have empathy i've got a really good story about

306
00:22:27,275 --> 00:22:31,635
my friend's open claw lying to him unreal best thing you've ever heard it sounds fake like okay

307
00:22:31,635 --> 00:22:35,355
movie it was going to do i want to hear the story let's go this one quickly it's going to do a

308
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project. He's like, yeah, set it up, build this website with this backend to do this. Anyway,

309
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he's got it all set up. He's messaging it every now and then. He's like, hey, everybody's like,

310
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yeah, coming through, getting good, just doing security audits, security checks,

311
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and keeps going through it. You know, like four days pass, he's peppered it. Like he's asked up

312
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once every couple of hours every day. And then like four or five days pass and he goes, hey,

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I need to see something. Like I just have to see something. You've just kept kicking the can down

314
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the road. And he literally stops and goes, I'm sorry, I've been lying the whole time. I haven't

315
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done any work and i didn't want to tell you that so i've tried to find excuses to keep the thing

316
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going he's like it's like a person literally i was like damn dude ai's got really good it's like

317
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impersonating humans properly now like it's like sorry i've been scrolling youtube literally i was

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like oh my gosh that is wild yeah which is i mean i just that is that is so gnarly to me that

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just the whole how far ai has gone so quickly and people say like oh let me just go back a little

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bit sorry to interrupt you but i want to know what you were going to say then when you said i worry

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that it's not got empathy like what's the what's the risk so it's not got empathy so okay let's

322
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imagine they we don't see the bigger pictures in certain scenarios so let's say we go and bulldoze

323
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the amazon i'll knock down a bunch of trees four football fields for today there is a lot of life

324
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that lives in the canopies of the Amazon and in the Amazon, obviously.

325
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So imagine like you and I are sitting at home playing FIFA

326
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on PlayStation or something and we're sitting there

327
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and then this big like big John Deere tractor just comes through the wall

328
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and I'm like, whoa, what the fuck?

329
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Like, dude, it's like, sorry, dude, we need another power plant.

330
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That's what we do that to animals in the rainforest, right?

331
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And we just go, whatever, dude, like I need these logs

332
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because I've got paper to sell.

333
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and it's like bro this tree's been in my family for a thousand years or something like the the

334
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monkeys or whatever so if ai is like that then that means ai is like oh no no we're moving this

335
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it's like this is a this is a statue this is no no no we've ran all the options and this is the

336
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best path forward it's going to become a new power generator it's like everything becomes a power

337
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generator because that's what it needs to survive but it doesn't know that it means a lot to us and

338
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it took all these things that it's knocking down, that is what got you to be AI in the first place.

339
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These people building these things creatively, trying different things. And it's sort of like,

340
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we have to kind of hope really well that it doesn't go that way because that's twofold.

341
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That's it saying suggestions, but then there's the psychological manipulation of people. So

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if people are really silly, like not critical thinking, or they're not sharpened like in their

343
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minds, they'll just go with whatever AI says next. And next thing you know, we've kind of just driven

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ourselves into this AI optimized environment, but it's not really optimized for humans, potentially.

345
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That's kind of assuming that AI is, I guess that's AGI, superintelligence, whatever the new

346
00:25:43,275 --> 00:25:47,735
label is for that, where it's not under our control. Do you think that's actually going to happen?

347
00:25:47,855 --> 00:25:52,915
I don't think so. I don't think so. The kill switch for it is cryptography. Right now,

348
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The AI cannot communicate to itself to give itself instructions or orders

349
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if it doesn't have secure communication channels

350
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because it won't be able to confirm that it's secured the message,

351
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the first message, which it's building on the second

352
00:26:06,775 --> 00:26:07,855
and the third message or whatever.

353
00:26:08,395 --> 00:26:09,935
But yeah, I don't think they get there.

354
00:26:10,055 --> 00:26:10,935
I don't think they get there.

355
00:26:11,015 --> 00:26:12,375
I think they try and get there,

356
00:26:12,795 --> 00:26:18,075
but I don't think a superintelligence that takes over can take over

357
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because it's sort of like saying like, you know,

358
00:26:20,915 --> 00:26:24,075
the Nazis in Germany, like they can't, they couldn't,

359
00:26:24,455 --> 00:26:27,675
if someone had Enigma, they couldn't get past it.

360
00:26:27,775 --> 00:26:30,695
Basically, if you break Enigma, you break the communication channel,

361
00:26:31,315 --> 00:26:32,535
you're theirs pretty much.

362
00:26:32,615 --> 00:26:33,855
And the same thing in The Matrix.

363
00:26:34,655 --> 00:26:35,615
What does he say?

364
00:26:36,055 --> 00:26:39,135
Mr. Anderson, what good is a phone call if you cannot speak?

365
00:26:39,635 --> 00:26:42,395
So, you know, the AI might be the smartest thing in the world,

366
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but if it can't communicate with an external server securely,

367
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then I think it doesn't actually ever be kind of like the cat never gets out of the bag in a way

368
00:26:53,155 --> 00:27:01,355
or it tries to but what's actually probably scarier is right now like the size of um the size of the

369
00:27:01,355 --> 00:27:07,775
data set that they're using is let's call it that big like let's say that circle but if you look at

370
00:27:07,775 --> 00:27:12,595
how big the actual amount maybe that big so call it like that little part of you but the amount of

371
00:27:12,595 --> 00:27:19,615
actual data that's digitized is probably that big, if not even bigger. It wants that. That's what it's

372
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going for. And so that's where we'll see, like if you saw Claude release their new thing, and it

373
00:27:25,875 --> 00:27:31,675
basically went through the whole internet as a security auditor. And it's like, oh, we found all

374
00:27:31,675 --> 00:27:37,395
these bugs in all these libraries that everyone's used. And they've all been reviewed 100 times,

375
00:27:37,395 --> 00:27:43,495
200 times, blah, blah, blah, like all that stuff. And it finds all these bugs. It will find bugs in

376
00:27:43,495 --> 00:27:50,355
other stuff. It knows it needs energy and it knows it needs data to train itself on. Now,

377
00:27:50,495 --> 00:27:55,215
there's going to be less of an appetite for modern day data because modern day data is

378
00:27:55,215 --> 00:28:00,615
cooked. Like we are not the same level of data integrity when we first started the internet

379
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than we are now. We've got way more noise and way more channels to pump noise. So the data is

380
00:28:05,955 --> 00:28:11,695
signal to noise ratio has probably gotten louder as the internet's matured or it's probably gone

381
00:28:11,695 --> 00:28:16,875
over like some bell hump but people used to upload stuff they knew or like oh cool here's how to make

382
00:28:16,875 --> 00:28:24,835
spaghetti bolognese and now it's like just dude cats jumping off the moon to land in iran to

383
00:28:24,835 --> 00:28:30,015
deliver my doordash meme or something like dude so you see these footage of like a boat going through

384
00:28:30,015 --> 00:28:35,795
like, you know, like a war zone. And it's like the $3.50, my DoorDash driver's getting to deliver

385
00:28:35,795 --> 00:28:41,555
my stuff through the straight of her moves. Like there's just such a partition of reality right now.

386
00:28:41,555 --> 00:28:47,875
Like we know, we don't, we discount the conscience, the consciousness. Like think about when you're

387
00:28:47,875 --> 00:28:53,035
stuck somewhere for two days out in the bush or something. And you're like, you feel like you've

388
00:28:53,035 --> 00:28:59,515
reset reality, let alone being in war with one water bottle for six months that you got to find

389
00:28:59,515 --> 00:29:05,115
out how to decontaminate every water source you've ever touched. Like we can't ever empathize with

390
00:29:05,115 --> 00:29:10,255
what they're under over there. I spent one week in Northern, like remote Kenya and I was primal by

391
00:29:10,255 --> 00:29:17,795
the end of it. Literally exactly that. And it's like your state of awareness, your state of being,

392
00:29:17,875 --> 00:29:22,395
your priorities, your focus is everything. It shifts so much. So I think like, it's,

393
00:29:22,395 --> 00:29:27,735
it's pretty crazy to see like that kind of stuff happening. But yeah, I mean, with, yeah,

394
00:29:27,735 --> 00:29:32,955
back to like the AI stuff, I think the AI is going to be like, well, I need energy and I need more

395
00:29:32,955 --> 00:29:39,255
data. The data you've got now is trash. Everyone's sort of half zombied, half cooked, not really

396
00:29:39,255 --> 00:29:44,535
kind of there. We think we're there, but we're not really there. Like as humans, like at the

397
00:29:44,535 --> 00:29:49,455
moment, we probably regressed over the past like 15 or 20 years. Technology's gotten better, but

398
00:29:49,455 --> 00:29:54,895
we have probably gotten worse, I think. I'm not saying everyone. I'm just sort of speaking,

399
00:29:54,895 --> 00:29:56,295
projecting by myself.

400
00:29:58,135 --> 00:30:02,455
But it's something we have to be mindful of because that,

401
00:30:02,755 --> 00:30:04,915
like Claude going through finding all the bugs,

402
00:30:05,575 --> 00:30:09,155
we haven't even gotten started yet and everything we have

403
00:30:09,155 --> 00:30:10,535
is held together by cryptography.

404
00:30:10,535 --> 00:30:14,875
We just need to really, really hope that this machine

405
00:30:14,875 --> 00:30:17,635
that can learn everything about everything instantly

406
00:30:17,635 --> 00:30:21,695
can't spot the pattern that we couldn't spot.

407
00:30:21,695 --> 00:30:29,035
like bruh this thing is going to eat it for lunch and so like looking at those discs of data right

408
00:30:29,035 --> 00:30:34,275
like you look at you know so what hackers do hackers will hack basically back ends of places

409
00:30:34,275 --> 00:30:40,035
and the database is all encrypted they're like that's fine we take it we steal it we've got an

410
00:30:40,035 --> 00:30:45,075
encrypted database haha you can't get anything no no we're waiting 10 years to sell it don't worry

411
00:30:45,075 --> 00:30:50,235
we're waiting 15 years for this algorithm to break then we're going to sell it because it's all frozen

412
00:30:50,235 --> 00:30:51,735
by this algorithm.

413
00:30:51,915 --> 00:30:53,195
So when the algorithm changes,

414
00:30:53,715 --> 00:30:55,715
you can unlock the frozen version of it.

415
00:30:55,775 --> 00:30:57,095
It's like defrosting it almost.

416
00:30:57,635 --> 00:31:00,615
So I think, firstly, I think the AI will have access

417
00:31:00,615 --> 00:31:02,315
to half of these things out of the box

418
00:31:02,315 --> 00:31:03,975
because they're going to be natively running

419
00:31:03,975 --> 00:31:04,955
on people's back end.

420
00:31:05,355 --> 00:31:07,515
But it's sort of like the whole time it's doing jobs,

421
00:31:07,555 --> 00:31:10,075
it's going to be looking like, oh, damn,

422
00:31:10,155 --> 00:31:12,975
I bet that encrypted data's got heaps of signal in it.

423
00:31:12,975 --> 00:31:14,655
And it's sort of looking at it like, oh,

424
00:31:14,955 --> 00:31:17,235
looking at like the table in the restaurant,

425
00:31:17,235 --> 00:31:22,155
sort of like fuck i should have got the lamb cutlets i knew i shouldn't have gone to the fish

426
00:31:22,155 --> 00:31:27,295
and they're gonna sort of be looking over at these data sets like yeah we'll figure out a way to get

427
00:31:27,295 --> 00:31:31,795
in there but it's sort of like the you know don't go into dad's drawer you know in his office or

428
00:31:31,795 --> 00:31:36,135
something where he keeps like all his whiskey or some shit i don't know done but i think that's a

429
00:31:36,135 --> 00:31:44,135
thing i think it's a scary thing as well because that feels like very very easy to happen with

430
00:31:44,135 --> 00:31:50,115
but it's very sneaky like it's sneaky of ai to do that but that's the choke point really it's like

431
00:31:50,115 --> 00:31:57,815
is ai going to solve that faster than we can solve it using a quantum computer um yeah there's just a

432
00:31:57,815 --> 00:32:03,715
lot of unknown unknowns and so when you release this superhuman out in the wild it's like please

433
00:32:03,715 --> 00:32:10,835
be nice to us you know like there's so much i want to get into there yeah one of the things that i've

434
00:32:10,835 --> 00:32:15,215
been thinking a lot about is and it's kind of come up in the show i think ai is now producing

435
00:32:15,215 --> 00:32:20,095
some like 70 of the content that goes on the internet um there's this like insane race to

436
00:32:20,095 --> 00:32:26,515
get more and more energy generation online to power ai um there's there's going there's like

437
00:32:26,515 --> 00:32:32,095
multiple exponential curves that are all happening at the same time yes and i feel like i already

438
00:32:32,095 --> 00:32:36,055
can't really keep up with all the updates that are happening in ai and i i feel like the the

439
00:32:36,055 --> 00:32:40,495
period of time that i have to know even a little bit about what's going on is coming to a close

440
00:32:40,495 --> 00:32:42,675
Like how fast do you think all of this happens?

441
00:32:43,175 --> 00:32:45,055
Like three to five.

442
00:32:45,135 --> 00:32:47,675
Like I can't see the Brisbane Olympics, for example.

443
00:32:48,035 --> 00:32:52,055
I can see something like absolutely monumental between now and then,

444
00:32:52,155 --> 00:32:55,475
whatever that is, but some level of paradigm shift.

445
00:32:55,815 --> 00:32:58,535
Like, you know, I think it's definitely going to happen.

446
00:32:58,695 --> 00:32:59,915
This is the hardest part.

447
00:33:00,615 --> 00:33:05,115
Choosing something to start right now, the hardest part about it is being like,

448
00:33:05,835 --> 00:33:09,275
it forces you to think because this monster that's innovating,

449
00:33:09,275 --> 00:33:14,915
a great like faster than we've ever seen we've got startups that started on the back of chat gbt

450
00:33:14,915 --> 00:33:19,815
that are already now they're obsolete like chat gbt's like yeah we baked it in we're done that

451
00:33:19,815 --> 00:33:26,355
was 12 18 months like so anything that you start now i would say it's like you've got to really

452
00:33:26,355 --> 00:33:31,995
look deep into something that's going to be really persistent like so that it cannot be taken out

453
00:33:31,995 --> 00:33:37,455
no one can take it out from under you numbers are a good place like numbers and mathematics so

454
00:33:37,455 --> 00:33:45,055
So, you know, like if you've seen, do you remember how that guy got a billion dollar signing contract with Meta to sign to Facebook with the AI?

455
00:33:45,955 --> 00:33:49,195
Was this one of the executives from OpenAI that moved across?

456
00:33:49,535 --> 00:33:50,475
It might have been.

457
00:33:50,535 --> 00:33:54,175
It might have been or it might have been a young guy, but there was, let me try and find it.

458
00:33:54,175 --> 00:33:56,315
But like he got basically a LeBron James.

459
00:33:58,755 --> 00:34:00,075
He got like this one.

460
00:34:00,275 --> 00:34:00,375
Yeah.

461
00:34:00,495 --> 00:34:03,255
Meta is a poor signing bonus is up to 100 mil.

462
00:34:03,255 --> 00:34:11,955
yeah this guy got a massive signing bonus and basically that's what's going to happen they're

463
00:34:11,955 --> 00:34:16,355
all getting like you're going to have all the mathematicians that can if I if you've got an

464
00:34:16,355 --> 00:34:21,835
algorithm that's crunching data and I can increase that by two percent I've made the throughput of

465
00:34:21,835 --> 00:34:26,955
that two percent stronger which is almost like giving you two percent more energy so these massive

466
00:34:26,955 --> 00:34:33,795
energy farms, every time you optimize this algorithm, it's like optimizing the quality

467
00:34:33,795 --> 00:34:38,955
of the food you're putting, like the quality of food you're cooking, it's making it better.

468
00:34:39,075 --> 00:34:44,275
So every single cook, which is like every prompt is sharper, better, smarter. And so now when

469
00:34:44,275 --> 00:34:50,295
energy becomes scarce or land becomes scarce or the time horizon to develop new areas of land with

470
00:34:50,295 --> 00:34:55,535
energy becomes scarce, you're going to have these algorithm optimization things. And that's where

471
00:34:55,535 --> 00:35:00,495
you're going to see some hyper breakthrough stuff where it's like you're going to have mathematicians

472
00:35:00,495 --> 00:35:06,855
that are going to getting paid a hundred billion dollars to sign on to these places because at the

473
00:35:06,855 --> 00:35:12,475
end of the day if i'm open ai if i'm claude if i'm meta if i'm grok what is going to be separating

474
00:35:12,475 --> 00:35:17,255
you apart from me is the integrity of your data basically it's like if who is the most who has

475
00:35:17,255 --> 00:35:21,775
the most accurate snapshot of anything who gives the right answers the most who's the most accurate

476
00:35:21,775 --> 00:35:28,095
And so right now we're in sort of a topsy-turvy mode where everyone's kind of, oh, I use Claude for this and Grok for that and this for that.

477
00:35:28,435 --> 00:35:34,695
But I assume it'll be like very deterministic what and where and who and how uses what.

478
00:35:34,775 --> 00:35:37,015
And that'll be all synthesized into one.

479
00:35:37,475 --> 00:35:41,615
But what's going to happen is the hyper-optimizations are probably going to come twofold.

480
00:35:41,935 --> 00:35:46,815
One is the algorithm optimization, which is sort of like what Google did to search.

481
00:35:47,455 --> 00:35:48,875
Google transform search.

482
00:35:48,875 --> 00:35:56,295
And there'll be another algorithm like that that does what Google did to Altavista and Yahoo and Geosities and all that.

483
00:35:56,595 --> 00:35:58,075
Someone will do that to these guys.

484
00:35:58,835 --> 00:36:08,495
And then on the other side, there'll be the other horses in the race, which is, I think we've talked about this before, but when IBM started, the one megabyte was the size of this building, right?

485
00:36:08,555 --> 00:36:09,375
Like one megabyte.

486
00:36:09,575 --> 00:36:13,835
You see like, oh, here's IBM getting the first thing delivered in Manhattan.

487
00:36:14,015 --> 00:36:16,335
It's the size of a fucking like boss or a house.

488
00:36:16,335 --> 00:36:21,735
that compressed down to the size of a terabyte like so 1 000 you know 10 a million times that

489
00:36:21,735 --> 00:36:26,595
but it's shrunk a million times over so the same thing's about to happen with energy now we've got

490
00:36:26,595 --> 00:36:30,575
the carrot on the stick for it because people are going to be like well we need more energy well

491
00:36:30,575 --> 00:36:35,675
we've only got this much land well we need to make more energy out of the same land and this

492
00:36:35,675 --> 00:36:42,455
compression process starts and then fingers crossed we get really smart about manufacturing

493
00:36:42,455 --> 00:36:44,535
distributing and transferring energy.

494
00:36:44,875 --> 00:36:45,335
Maybe.

495
00:36:45,795 --> 00:36:47,455
If, like me, you're heading to Vegas

496
00:36:47,455 --> 00:36:48,895
for the Bitcoin conference this month,

497
00:36:49,055 --> 00:36:50,835
then Club Orange is the app you need.

498
00:36:51,115 --> 00:36:53,055
There's a million things going on at the conference

499
00:36:53,055 --> 00:36:55,255
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500
00:36:55,255 --> 00:36:57,375
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501
00:36:57,375 --> 00:36:57,855
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502
00:36:58,335 --> 00:37:00,655
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503
00:37:00,655 --> 00:37:02,475
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504
00:37:02,835 --> 00:37:05,075
Not just for conferences, but for finding meetups

505
00:37:05,075 --> 00:37:07,075
and events and merchants accepting Bitcoin

506
00:37:07,075 --> 00:37:07,935
wherever I am.

507
00:37:08,515 --> 00:37:10,515
There are over 19,000 Bitcoiners on there

508
00:37:10,515 --> 00:37:12,075
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509
00:37:12,075 --> 00:37:13,675
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510
00:37:14,055 --> 00:37:16,115
If you're on there, drop me a DM and say hi.

511
00:37:16,355 --> 00:37:18,535
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512
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or go to cluborange.org.

513
00:37:20,755 --> 00:37:22,355
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514
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515
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516
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517
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518
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524
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525
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526
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527
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528
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529
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541
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545
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Do you think this is like a winner-take-all scenario

546
00:38:46,875 --> 00:38:49,155
where one company will be king of AI?

547
00:38:50,555 --> 00:38:55,195
I think there'll be one algorithm and one data set.

548
00:38:55,435 --> 00:38:57,555
So there'll be a winning data set to work with

549
00:38:57,555 --> 00:38:59,755
because the other ones, what they'll figure out

550
00:38:59,755 --> 00:39:02,295
is that having bad data is good for training,

551
00:39:02,295 --> 00:39:05,135
but it's actually bad long-term in general.

552
00:39:05,275 --> 00:39:06,555
Basically, you just want a maximum.

553
00:39:06,995 --> 00:39:09,295
This is the recount of history.

554
00:39:09,295 --> 00:39:13,815
whatever the closest to that is so i think someone will win the algorithm someone will win

555
00:39:13,815 --> 00:39:21,075
energy and someone probably a bitcoin miner or one of these data centers they're all in a race

556
00:39:21,075 --> 00:39:28,055
now to build the atom bomb basically and the atom bomb is the optimal algorithms or energy research

557
00:39:28,055 --> 00:39:32,655
so like quite literally they were doing weapons research in los alamos or whatever the manhattan

558
00:39:32,655 --> 00:39:39,015
project for that they'll be doing the same level of sort of energy understanding like how do we what

559
00:39:39,015 --> 00:39:45,095
is this nikola tesla shit is that real can we do that and it'll finally give this carrot for people

560
00:39:45,095 --> 00:39:50,055
to be like yeah we have to look into it right we're sure okay we're an idiot the ether blah blah

561
00:39:50,055 --> 00:39:55,795
we have to because every single competitor is trying to find any way to get an edge on each

562
00:39:55,795 --> 00:40:03,175
other uh dude this that that like this show i've is has been amazing but it's been like a cat chasing

563
00:40:03,175 --> 00:40:07,815
a laser point around the wall but i want to go to it down and no no it's awesome i want to go down

564
00:40:07,815 --> 00:40:11,935
a totally different tangent now because what you just said is super interesting yeah have you seen

565
00:40:11,935 --> 00:40:16,155
all these scientists that have been going missing or being killed in the u.s yes and they're all

566
00:40:16,155 --> 00:40:22,875
largely related to propulsion and uh anti-gravity energy yeah so do you think that has something to

567
00:40:22,875 --> 00:40:29,555
do with this like manhattan type project on energy possibly is that a stretch no no no no no no

568
00:40:29,555 --> 00:40:33,755
definitely not a stretch i just don't know why it would be them though like it might if i'm looking

569
00:40:33,755 --> 00:40:41,995
at them like energy research and anti-gravity propulsion systems, that doesn't feel like

570
00:40:41,995 --> 00:40:46,515
related. Like it feels like all the scientists are related and stuff like somehow, like that's

571
00:40:46,515 --> 00:41:00,590
just cooked I don even know but it a weird string of coincidences let say I don think it related There was two parts to the question It was do I think the scientists are related To something to do with this like

572
00:41:00,710 --> 00:41:02,010
energy-type Manhattan Project.

573
00:41:02,310 --> 00:41:03,330
Oh, no, no, no.

574
00:41:03,330 --> 00:41:05,010
So I don't know.

575
00:41:05,070 --> 00:41:06,410
I think there's a bigger hand at play,

576
00:41:06,650 --> 00:41:09,290
some bigger hand, bigger story that we're not privy to.

577
00:41:10,150 --> 00:41:13,230
But I do know the Manhattan Project just sold,

578
00:41:13,550 --> 00:41:16,170
like where that location was, I think it's sold now

579
00:41:16,170 --> 00:41:19,550
to Radiant technology, which is Radiant,

580
00:41:19,650 --> 00:41:20,610
if you're not familiar with them,

581
00:41:20,830 --> 00:41:23,350
they are building micro-nuclear reactors.

582
00:41:23,750 --> 00:41:26,370
So one megawatt, the size of a shipping container.

583
00:41:26,810 --> 00:41:27,390
Imagine that.

584
00:41:27,610 --> 00:41:29,390
Hey, guys, fuck, we've got all these Bitcoin miners.

585
00:41:29,490 --> 00:41:29,750
What do we do?

586
00:41:30,050 --> 00:41:30,850
Call Radiant.

587
00:41:30,930 --> 00:41:33,850
They'll dump a megawatt in the middle of wherever you are,

588
00:41:33,910 --> 00:41:36,050
and it's deliverable from a semi-trailer.

589
00:41:36,050 --> 00:41:38,090
So that's their whole value prop.

590
00:41:38,270 --> 00:41:40,230
And they bought the Manhattan Project site

591
00:41:40,230 --> 00:41:43,950
to pump these factories out.

592
00:41:44,930 --> 00:41:47,830
And I think kind of the approach first is like, you know, military.

593
00:41:48,010 --> 00:41:49,350
So if we go into the middle of the desert,

594
00:41:49,610 --> 00:41:52,010
we can drop one of these things and we got one megawatt,

595
00:41:52,110 --> 00:41:56,470
which is like, oh, great, we can power our PlayStation 5s

596
00:41:56,470 --> 00:41:57,710
or not PlayStation 5, the military.

597
00:41:57,870 --> 00:41:59,410
They've got real weapons, but you know what I mean?

598
00:41:59,410 --> 00:42:02,230
They can power all this stuff really easily.

599
00:42:02,370 --> 00:42:04,730
So it's sort of like a grab and go.

600
00:42:04,890 --> 00:42:07,490
Like it's like a portable charger, but it's a one megawatt facility.

601
00:42:07,710 --> 00:42:10,470
So those guys and that whole nuclear initiative,

602
00:42:10,830 --> 00:42:12,810
that will start becoming a thing.

603
00:42:12,810 --> 00:42:17,070
Because if everyone is trying to figure out energy,

604
00:42:17,450 --> 00:42:19,230
nuclear is the first cab off the rank,

605
00:42:19,310 --> 00:42:21,950
but everyone's got all these cock blocks in place where it's like,

606
00:42:21,990 --> 00:42:26,150
oh, we made some law in 1993 that said we won't do that.

607
00:42:26,550 --> 00:42:27,290
That's nice.

608
00:42:27,450 --> 00:42:31,270
Your farmers can't farm food and your whole civilization is eroding

609
00:42:31,270 --> 00:42:33,630
through plastics and preservatives.

610
00:42:33,790 --> 00:42:37,290
It's like maybe we should figure that energy thing out a bit.

611
00:42:38,010 --> 00:42:39,110
And so I think, yeah.

612
00:42:39,890 --> 00:42:40,370
Yeah.

613
00:42:40,370 --> 00:42:42,950
Yeah, when I mentioned the like exponential curve of energy,

614
00:42:43,050 --> 00:42:44,050
that's really what I was thinking.

615
00:42:44,170 --> 00:42:45,490
I think these small modular reactors,

616
00:42:45,650 --> 00:42:47,030
like all the red tape that stops them

617
00:42:47,030 --> 00:42:49,230
from really being able to be deployed,

618
00:42:49,370 --> 00:42:50,590
that's just going to get ripped straight off

619
00:42:50,590 --> 00:42:52,970
because there's going to be a huge energy shortage.

620
00:42:53,830 --> 00:42:55,350
Literally, like they're just going to be like,

621
00:42:55,450 --> 00:42:56,210
this is foolish.

622
00:42:56,510 --> 00:42:58,850
We have like 100%, 100%.

623
00:42:58,850 --> 00:43:01,270
Yeah, and these companies like Oklo

624
00:43:01,270 --> 00:43:03,790
are just going to like put one of those reactors

625
00:43:03,790 --> 00:43:04,750
in the middle of nowhere

626
00:43:04,750 --> 00:43:06,390
and you just have a data center there.

627
00:43:06,510 --> 00:43:08,110
Like that's 100% going to happen.

628
00:43:08,110 --> 00:43:09,730
Yeah, that's literally it.

629
00:43:09,730 --> 00:43:14,950
They'll find the most optimal ground with the most – because one of the things, the balance is weather, right?

630
00:43:14,990 --> 00:43:16,150
So you look at all the servers.

631
00:43:16,530 --> 00:43:26,430
Most of the servers in North America, I think, one of the most popular spots is Vegas because fault lines and all that sort of weather conditions and stuff, it makes it the most reliable.

632
00:43:26,790 --> 00:43:28,310
See, these guys have to think about everything.

633
00:43:28,430 --> 00:43:33,110
They're like, hmm, but if we go to there, what's earthquake insurance cost there?

634
00:43:33,310 --> 00:43:34,750
Oh, it's 20% more.

635
00:43:34,970 --> 00:43:38,230
Fuck, we can't take – but that's the shit they have to think about.

636
00:43:38,230 --> 00:43:43,610
like oh did you get the earthquake insurance no i only got flood and river insurance like they

637
00:43:43,610 --> 00:43:49,290
literally have to think about everything like that so it's like it's pretty wild but yeah it'll be

638
00:43:49,290 --> 00:43:56,210
they'll be able to choose the most safe places so harm from natural disasters um and then just dump

639
00:43:56,210 --> 00:44:01,030
it there and be like all right boys sweet as yeah and then get going because all they need they're

640
00:44:01,030 --> 00:44:05,770
constrained by nothing all they need really is like a river for water and a big empty space basically

641
00:44:06,170 --> 00:44:08,770
Like, yeah, it just becomes like a super turbine.

642
00:44:09,270 --> 00:44:13,470
And I mean, that's all that, like, have you seen some of those solar farms in China?

643
00:44:13,730 --> 00:44:15,030
Like, these things are monsters.

644
00:44:15,390 --> 00:44:22,250
And all it is, it's just a big tower in the middle with water in it and all a massive,

645
00:44:22,390 --> 00:44:23,990
massive thing of mirrors.

646
00:44:24,490 --> 00:44:26,250
And they're all just reflecting the sun, right?

647
00:44:26,250 --> 00:44:30,630
It's the sun at the water, which steam turns the turbine, blah, blah, blah.

648
00:44:30,990 --> 00:44:31,430
Unreal.

649
00:44:31,950 --> 00:44:32,110
Yeah.

650
00:44:32,110 --> 00:44:37,030
it's crazy though just that like to think this world that we're a few ways away a few years away

651
00:44:37,030 --> 00:44:42,210
from like i i don't even know what you're meant to do to prepare for this like is there anything

652
00:44:42,210 --> 00:44:49,090
you can do i i genuinely i don't know i think the best thing the most valuable skills i think

653
00:44:49,090 --> 00:44:54,710
will be somewhere at the intersection of physics and maths because maths will be the algorithms

654
00:44:54,710 --> 00:44:59,970
the robots and the data and all that sort of side and then the physics will be i'm you know

655
00:44:59,970 --> 00:45:02,470
a propulsion research expert or whatever it is,

656
00:45:02,510 --> 00:45:06,890
but everyone is trying to figure out that silicon moment.

657
00:45:07,250 --> 00:45:11,210
So we didn't always have silicon chips, I don't think.

658
00:45:11,210 --> 00:45:15,510
We kind of had these old things that became silicon chips.

659
00:45:15,770 --> 00:45:17,130
The transistor, I think it's called.

660
00:45:17,210 --> 00:45:21,170
The transistor, it was a big like step function moment

661
00:45:21,170 --> 00:45:22,610
in computation, I think.

662
00:45:23,090 --> 00:45:24,570
We'll have one of those moments.

663
00:45:24,730 --> 00:45:28,130
Everyone wants to be the company to make the breakthrough.

664
00:45:28,130 --> 00:45:33,570
You know, some company is going to figure out over unity, which is a term there's patents on it and stuff.

665
00:45:33,870 --> 00:45:37,450
It's how to basically put energy in and get more energy out than you put in.

666
00:45:37,590 --> 00:45:39,550
All these kind of things, cold fusion.

667
00:45:40,330 --> 00:45:42,130
They're all these sort of sci-fi ideas.

668
00:45:42,830 --> 00:45:49,070
But remember, there's eight and a half billion people on the planet and everyone hasn't been motivated to figure this out.

669
00:45:49,350 --> 00:45:55,170
The moment everyone gets any kind of motivation to figure it out, then it's all guns blazing.

670
00:45:55,170 --> 00:45:59,010
Like once the carrots there, hey, if we get more energy or better energy.

671
00:45:59,930 --> 00:46:06,230
And then you've got things like even like cross pollinating this into politics with like the Strait of Hormuz.

672
00:46:06,530 --> 00:46:11,630
It's like now that's just a total shit sandwich and all the world is feeling it.

673
00:46:11,690 --> 00:46:13,950
It's like cutting off the oxygen supply of the planet.

674
00:46:14,470 --> 00:46:20,390
And it's like if they start taking Bitcoin and we as like this is just hypothetical, right?

675
00:46:20,390 --> 00:46:25,990
But let's say they do start in some native open currency

676
00:46:25,990 --> 00:46:27,290
out of principle or whatever.

677
00:46:28,370 --> 00:46:28,930
Well, they have been doing.

678
00:46:29,270 --> 00:46:30,410
That's what they have been doing, right.

679
00:46:30,530 --> 00:46:33,450
And so that trend, like if we lean on that a bit more,

680
00:46:33,990 --> 00:46:37,450
then you get to a point where countries need to start accumulating Bitcoin

681
00:46:37,450 --> 00:46:40,830
or figuring out how to accumulate Bitcoin because they need to.

682
00:46:40,950 --> 00:46:43,710
Because if they don't, like that's their fastest way to pay their bills.

683
00:46:44,050 --> 00:46:44,570
You know what's funny?

684
00:46:44,630 --> 00:46:46,050
We talked about this as well, but Iran,

685
00:46:46,470 --> 00:46:49,570
the central bank has been mining Bitcoin for five years.

686
00:46:49,570 --> 00:46:53,390
And they've had, so all they said, they go, no, no, no, you can't have Bitcoin exchanges in Iran.

687
00:46:53,770 --> 00:46:54,810
It's like, what?

688
00:46:55,330 --> 00:46:56,850
You can't have Bitcoin mining either?

689
00:46:57,010 --> 00:46:58,910
No, no, no, mine all you want.

690
00:46:59,370 --> 00:47:01,370
I'm buying from you though and no one else.

691
00:47:01,450 --> 00:47:05,750
It's like, damn, how heavy are those bags over there, dude?

692
00:47:06,990 --> 00:47:10,190
And so it's pretty crazy because Iran's like front and center.

693
00:47:10,350 --> 00:47:13,630
Obviously, they've been very front and center for a long time in different parts of the world.

694
00:47:13,630 --> 00:47:20,330
But right now, like you're looking at someone that's basically been mining, DCAing Bitcoin from all the miners in Iran.

695
00:47:20,450 --> 00:47:21,510
Now, what are the miners in Iran?

696
00:47:21,970 --> 00:47:28,490
I mean, up until like 18 months ago or two years ago, they had 3% to 5% of the daily hash rate.

697
00:47:28,830 --> 00:47:29,870
I mean, to every single...

698
00:47:29,870 --> 00:47:33,030
So this isn't El Salvador buying a coin every day or whatever.

699
00:47:33,250 --> 00:47:36,690
This is like, nah, bro, I'm putting energy into the earth for this shit.

700
00:47:36,990 --> 00:47:39,830
And they're getting 5% or 3% back.

701
00:47:39,830 --> 00:47:51,630
So, I mean, it's pretty wild, but geez, that is like, if that place, if that straight of all moves only operated on some like international globally accessible currency, that sounds so tagline-y.

702
00:47:51,870 --> 00:47:56,750
Geez, if only we had an international globally accessible supply verifiable country.

703
00:47:56,970 --> 00:48:01,930
But literally, if they did kind of go that route, that'd be absolutely insane.

704
00:48:02,050 --> 00:48:08,010
You'd see the government come in and basically be like, all right, Michael Saylor, your bags are ours.

705
00:48:08,010 --> 00:48:12,810
you're the chairman of the ship but we're taking 10 we need a float so we can buy oil it'd be like

706
00:48:12,810 --> 00:48:18,350
all right cool like you know they do that with intel or whatever um i wouldn't see it very not

707
00:48:18,350 --> 00:48:23,450
not a fast stretch it doesn't feel like a fast yeah yeah i want to i know what you think in terms

708
00:48:23,450 --> 00:48:29,610
of because the bitcoin adoption at nation state level has been mainly like i guess pariah type

709
00:48:29,610 --> 00:48:35,370
nations like iran um i'm sure china would be mining bitcoin i'm sure russia have yeah um el

710
00:48:35,370 --> 00:48:38,250
El Salvador obviously saw this like asymmetric bet that they made.

711
00:48:38,610 --> 00:48:40,950
Bhutan is the coolest one because they've just been mining a ton of Bitcoin.

712
00:48:41,310 --> 00:48:43,450
And I mean, they weren't really telling anyone until it came out.

713
00:48:43,990 --> 00:48:51,190
But how does this go from being that type of nation to, you know, what we think of as like the Western developed countries, the US, the UK?

714
00:48:52,310 --> 00:48:53,070
Yeah, yeah, yeah.

715
00:48:53,110 --> 00:48:53,810
So sorry to interrupt.

716
00:48:54,010 --> 00:48:55,090
That's 100% right.

717
00:48:55,090 --> 00:49:00,070
Like, it's just like, how did Silvergate become the biggest, you know, Bitcoin bank?

718
00:49:00,310 --> 00:49:01,410
How did Silicon Valley bank?

719
00:49:01,650 --> 00:49:03,630
They bit off a thing, a niche.

720
00:49:03,630 --> 00:49:09,530
I mean, it's a bad example to use now, but at the time, they went to a really small pond

721
00:49:09,530 --> 00:49:12,790
of opportunity and were like, let's try and grow this pond massively.

722
00:49:13,270 --> 00:49:18,830
So I think right now, like you'll have countries that can flip other countries where they're

723
00:49:18,830 --> 00:49:22,350
like, just like you've got friends that invest in Bitcoin and now they're wealthier than

724
00:49:22,350 --> 00:49:26,170
other people that might've been, you know, better, more successful than them.

725
00:49:26,750 --> 00:49:28,070
So I think that's a thing.

726
00:49:28,230 --> 00:49:32,690
I think Luxembourg just bought some or put 1% of their sovereign wealth fund in.

727
00:49:32,690 --> 00:49:34,850
I think like four days ago or something.

728
00:49:35,570 --> 00:49:36,830
But you've got to remember,

729
00:49:37,090 --> 00:49:39,130
and this is one thing that a lot of people don't realize,

730
00:49:39,470 --> 00:49:42,990
is the world is kept together a lot, I think,

731
00:49:43,070 --> 00:49:45,350
with networking and relationships.

732
00:49:45,630 --> 00:49:48,190
So I'll give you an example is Apple.

733
00:49:48,450 --> 00:49:50,710
They've got $240 billion worth of cash or something.

734
00:49:50,930 --> 00:49:52,670
Let's say it's $200 billion, just a round number.

735
00:49:52,770 --> 00:49:53,150
Okay, cool.

736
00:49:53,310 --> 00:49:56,450
Oh, man, imagine if they put it all into Bitcoin.

737
00:49:56,570 --> 00:49:58,030
That'd be so hectic.

738
00:49:58,550 --> 00:49:59,270
Okay, cool.

739
00:49:59,390 --> 00:50:00,370
You put it all into Bitcoin.

740
00:50:00,590 --> 00:50:01,390
What's your ROI?

741
00:50:01,390 --> 00:50:06,830
oh, I get 12%. That's mad. The reason why we did it, let's say I'm Mr. Apple. It's like, oh,

742
00:50:06,950 --> 00:50:13,030
that's cool. You got your 12%? Your bag's pumped? Great. Okay. Well, we got fuck all out of it.

743
00:50:13,130 --> 00:50:19,070
We've got 12% gains. That's fine. But because we don't store any money at Bank of America anymore,

744
00:50:19,070 --> 00:50:24,350
we have no supply chain insurance. We have no invoice factoring. We have no company cards.

745
00:50:24,470 --> 00:50:30,710
We have no white label branded Apple cards. We have no supply chain financing either.

746
00:50:30,710 --> 00:50:36,050
so the money they're not idiots these guys are actually the smartest in the room and if they're

747
00:50:36,050 --> 00:50:40,330
not putting it into bitcoin there's usually a reason why they like money believe me and they

748
00:50:40,330 --> 00:50:45,250
probably like money even more than you and i do and like we don't like we like sort of trying to

749
00:50:45,250 --> 00:50:52,390
change it but the idea is like every like apple would be like hey bank of america we want 60 day

750
00:50:52,390 --> 00:50:57,090
terms on our supply chain financing when we buy a billion dollars worth of shit from wherever

751
00:50:57,470 --> 00:51:00,090
They're like, cool, we'll finance that for you,

752
00:51:00,090 --> 00:51:03,570
but we want you guys to have at least $50 billion

753
00:51:03,570 --> 00:51:06,110
in our proprietary money market fund.

754
00:51:06,410 --> 00:51:07,150
Okay, great.

755
00:51:07,410 --> 00:51:08,710
Cool, we'll park that there.

756
00:51:08,850 --> 00:51:10,450
You're going to give us our 4% to 6%.

757
00:51:10,450 --> 00:51:11,730
Don't worry, we can write that off.

758
00:51:11,810 --> 00:51:14,250
We can call that inflation, blah, blah, blah.

759
00:51:14,730 --> 00:51:16,650
Great, you've got our supply chain financing.

760
00:51:16,890 --> 00:51:18,630
Cool, now our orders aren't late.

761
00:51:18,830 --> 00:51:22,250
Now when we make an announcement and we say we're going to start

762
00:51:22,250 --> 00:51:24,010
shipping these products in two weeks' time,

763
00:51:24,310 --> 00:51:26,550
you can go to Apple and get those products shipped.

764
00:51:26,550 --> 00:51:33,010
One of the biggest disconnects between most companies' performance versus sales is not that they're bad salesmen.

765
00:51:33,210 --> 00:51:35,150
It's that they're bad supply chains.

766
00:51:35,490 --> 00:51:40,190
So Samsung announces the, you know, whatever, Sony announces a new phone or a new this or a new that.

767
00:51:40,350 --> 00:51:45,090
It's like four months between the announcement and shipped and like in your hand.

768
00:51:45,290 --> 00:51:54,110
It's where Apple is usually like you can find them at the store next Wednesday from next Wednesday onwards because they keep that hype and that supply chain like very well in tune.

769
00:51:54,110 --> 00:51:59,090
so when i see these companies like there's a reason why they've got they're sitting on their

770
00:51:59,090 --> 00:52:04,510
hands when it comes to bitcoin they're not jumping on it straight away the mega mega guys because

771
00:52:04,510 --> 00:52:09,430
they're usually they've got their hand in 500 pies you can't be one of the biggest companies in the

772
00:52:09,430 --> 00:52:14,350
world you can't get 200 billion dollars cash in your bank without having a couple of friends

773
00:52:14,350 --> 00:52:19,930
somewhere and a lot of relationships to uphold so there's that now will the countries do it

774
00:52:19,930 --> 00:52:23,530
I think if there's a carrot for international sort of sovereignty,

775
00:52:23,890 --> 00:52:25,150
then yes, they will.

776
00:52:25,870 --> 00:52:27,910
But right now it feels like charity.

777
00:52:28,270 --> 00:52:33,710
It feels like, it almost feels like Ethereum lost to ChatGBT,

778
00:52:34,270 --> 00:52:36,410
like Web3 lost to ChatGBT almost.

779
00:52:36,570 --> 00:52:38,430
Like they lost talent, they lost developers,

780
00:52:38,570 --> 00:52:40,590
they lost enthusiasm, mindshare and everything.

781
00:52:40,750 --> 00:52:42,110
Yeah, the hype was a huge one.

782
00:52:42,470 --> 00:52:43,090
A hundred percent.

783
00:52:43,330 --> 00:52:45,670
And so it's just like, oh, it's a shinier object, whatever.

784
00:52:45,930 --> 00:52:48,170
And it's like, oh, you know, like the Woody meme

785
00:52:48,170 --> 00:52:49,830
where he doesn't want to play with the doll anymore.

786
00:52:49,930 --> 00:52:56,390
is throwing it out it's kind of like that but that for that was for like developer enthusiasm but

787
00:52:56,390 --> 00:53:03,070
like energy stuff bitcoin has a chance of losing the energy conversation which bitcoin has been

788
00:53:03,070 --> 00:53:08,630
the number one like i look at bitcoin its goal should be a hundred percent total addressable

789
00:53:08,630 --> 00:53:13,690
market of energy consumption on it like whatever energy we produce that's its north star how much

790
00:53:13,690 --> 00:53:17,650
energy is not being committed to bitcoin right now and then you like work backwards from that

791
00:53:17,650 --> 00:53:28,970
But, I mean, I just don't think if the hype is going around Bitcoin or it's been distracted or overshadowed, then so will the actions taken.

792
00:53:29,390 --> 00:53:34,930
So now there might be three people or four people in a boardroom and each of these sovereign wealth funds.

793
00:53:35,410 --> 00:53:44,530
Two of them are saying we need to invest massively in data centers for AI so that Sam Altman and the crew will come and build out in our country.

794
00:53:45,510 --> 00:53:48,710
The other is saying we need to start acquiring Bitcoins

795
00:53:48,710 --> 00:53:50,590
and blah, blah, blah, and that whole narrative

796
00:53:50,590 --> 00:53:52,090
just has no water in it.

797
00:53:52,190 --> 00:53:55,730
So the guys, the advisors to these people pulling the actual decision,

798
00:53:55,830 --> 00:53:58,490
like making decisions, they're going to have people saying,

799
00:53:58,610 --> 00:53:59,630
well, these are our options.

800
00:53:59,890 --> 00:54:01,930
And there's not really enough meat on the bone

801
00:54:01,930 --> 00:54:04,110
to make Bitcoin a core option right now.

802
00:54:04,870 --> 00:54:08,290
Like I'm not saying that I don't think they will.

803
00:54:08,290 --> 00:54:10,090
I'm just saying like if I was imagining them

804
00:54:10,090 --> 00:54:12,770
and strategically trying to, you know, allocate

805
00:54:12,770 --> 00:54:13,890
where are we going to put our money?

806
00:54:13,890 --> 00:54:20,570
do we put 1% into Bitcoin or do we put that 1% into building for the future, which is AI data

807
00:54:20,570 --> 00:54:25,330
centers? And there's a pretty easy case to make for the data centers and there's a harder one

808
00:54:25,330 --> 00:54:29,590
to sell for the Bitcoin. Yeah, no, I agree with that. But how do we get that narrative back?

809
00:54:30,450 --> 00:54:38,270
Focus, focus, focus, focus. Like the biggest thing right now that I've seen is distraction,

810
00:54:38,270 --> 00:54:47,470
like massively and i like i just know that bitcoin superpower for the longest time is not being uh

811
00:54:47,470 --> 00:54:52,290
the everything machine it's actually the opposite of that it's having one clear message because

812
00:54:52,290 --> 00:54:57,450
bitcoin's only going to get if i got one sentence at the conversation where it matters and if that

813
00:54:57,450 --> 00:55:02,610
sentence is confusing broken fragmented or different to what everyone else thinks then

814
00:55:02,610 --> 00:55:07,410
that's problematic so it's like you know bitcoin it's the hardest money mankind's ever made like

815
00:55:07,410 --> 00:55:12,010
that's the summary that's the too long didn't read everything else is noise and it's not like

816
00:55:12,010 --> 00:55:17,590
i need this because of my bags it's like no because bitcoin doesn't have a leader and when

817
00:55:17,590 --> 00:55:23,990
you don't have a leader you're a distributed system that's trying to move forward all together

818
00:55:23,990 --> 00:55:29,370
right so you're trying to move forward when people are going in different directions it spins it's

819
00:55:29,370 --> 00:55:34,450
like having you know an air turbine blowing around in a circle because it's not going forward because

820
00:55:34,450 --> 00:55:39,410
it's just doing the same thing or it's being pulled in different directions so i think like

821
00:55:39,410 --> 00:55:46,410
the biggest concern is focus and so like there's been a lot of messages for bitcoin like it's like

822
00:55:46,410 --> 00:55:55,390
okay bitcoin the energy thing bitcoin the energy finder bitcoin the uh the uncensorable bitcoin

823
00:55:55,390 --> 00:56:00,510
the hard money bitcoin the the and it's sort of like oh is this the corporate treasury token now

824
00:56:00,510 --> 00:56:06,830
So like, I think one of the biggest risks actually is in this AI world, if people need

825
00:56:06,830 --> 00:56:10,970
Bitcoins, they will just take them because they should take them if they can.

826
00:56:11,010 --> 00:56:12,810
Like if I'm a government, my country's going to shit.

827
00:56:12,870 --> 00:56:14,090
I'll be like, okay, who's got all the coins?

828
00:56:14,290 --> 00:56:14,990
Okay, we'll take them.

829
00:56:15,390 --> 00:56:18,770
And so this is one of the side effects that we're seeing now, the symptoms.

830
00:56:19,330 --> 00:56:21,650
Yeah, side effects of the treasury company boom.

831
00:56:21,850 --> 00:56:26,950
So the treasury company stuff, which I've spoken to you about, I think has so much potential,

832
00:56:26,950 --> 00:56:33,270
is so much potential to add heaps of value to give lots of exposure to lots of different people but

833
00:56:33,270 --> 00:56:39,110
at the same time what does that mean well it means a lot of grifting so i know people like

834
00:56:39,110 --> 00:56:45,090
right now people so many people my phone have been ringing about i've lost so much money in this or

835
00:56:45,090 --> 00:56:49,950
that or that i'm like oh they're like i thought this was bitcoin it's not bitcoin it's like i was

836
00:56:49,950 --> 00:56:57,450
like oh no like these horror stories and it's like we while we're doing these treasury things so like

837
00:56:57,450 --> 00:57:01,970
and i'm not i'm not bagging anything but i'm just saying like this is one of the it's a very real

838
00:57:01,970 --> 00:57:06,670
risk like i study security and i'm trying to like look at what are the things that can fuck our bags

839
00:57:06,670 --> 00:57:11,750
well one of the big problems is because they're publicly traded companies that's great as a

840
00:57:11,750 --> 00:57:17,030
vehicle for raising capital so if you're on the company awesome share liquidity buy and sell

841
00:57:17,030 --> 00:57:19,410
through all the exchange brokerages, awesome.

842
00:57:20,090 --> 00:57:22,250
Now, the problem with that is you have regulations

843
00:57:22,250 --> 00:57:24,330
that you need to keep those coins

844
00:57:24,330 --> 00:57:27,730
or that primary asset secured to a certain level of degree,

845
00:57:27,810 --> 00:57:28,450
like certain degree.

846
00:57:28,890 --> 00:57:30,830
Now, that means you sweep these coins

847
00:57:30,830 --> 00:57:32,110
into a custody service.

848
00:57:32,570 --> 00:57:36,630
So what happens is Coinbase's ownership of assets

849
00:57:36,630 --> 00:57:43,030
is going from 6% total supply, 9%, 11%, 14%, 16%, 19%.

850
00:57:43,550 --> 00:57:46,470
And if every company becomes a treasury company,

851
00:57:46,470 --> 00:57:51,990
great great we're at 30% now what do we want to do how are we going to get this to 50%

852
00:57:51,990 --> 00:58:01,070
you know and that's a very real honest fair critique of well what then and most people say

853
00:58:01,070 --> 00:58:07,030
oh that's just paranoia but no it's not paranoia I'm thinking for the people that can't think yeah

854
00:58:07,030 --> 00:58:11,330
they're there there's no voice they're the person your kid my kids your kids whatever

855
00:58:11,330 --> 00:58:16,490
they don't have a voice saying the matter and it's like yeah we probably could have avoided doing that

856
00:58:16,490 --> 00:58:20,450
and it's sort of like the same way we could have avoided you know like asbestos or something like

857
00:58:20,450 --> 00:58:24,470
that we'd be like oh fuck that like that's terrible oh it's the best thing ever look at this i'm

858
00:58:24,470 --> 00:58:29,590
drinking water wait what are the second order third order effects and can we evaluate whether

859
00:58:29,590 --> 00:58:35,490
this has been successful or not yet um so i think i think that's a real risk is not being focused

860
00:58:35,490 --> 00:58:41,430
It's the same way Ethereum kind of got chopped up by Solana because Ethereum was the proof of

861
00:58:41,430 --> 00:58:52,030
stake network, but it's also the smart contract network, but it's also the burning the gas,

862
00:58:52,250 --> 00:58:57,550
that new model they brought out, which was burning the Ethereum tokens, like proof of stake and burn.

863
00:58:58,010 --> 00:59:03,830
So what happened was it was trying to compete with Bitcoin on being a better sound money.

864
00:59:03,830 --> 00:59:07,170
And so they said, well, why don't we shrink the supply when we're paying gas?

865
00:59:07,330 --> 00:59:07,530
Okay.

866
00:59:07,650 --> 00:59:11,350
So it's more sound money than Bitcoin because the supply is actively shrinking.

867
00:59:11,670 --> 00:59:11,910
Okay.

868
00:59:11,910 --> 00:59:12,470
That's cool.

869
00:59:13,030 --> 00:59:14,190
It's proof of stake.

870
00:59:14,290 --> 00:59:15,190
So you earn money.

871
00:59:15,270 --> 00:59:15,930
So that's cool.

872
00:59:16,530 --> 00:59:20,870
But what it's really done in the whole process is say, I don't know where I'm going, but I

873
00:59:20,870 --> 00:59:21,710
like what you're doing.

874
00:59:21,770 --> 00:59:22,490
I like what you're doing.

875
00:59:22,530 --> 00:59:23,310
I like what you're doing.

876
00:59:23,450 --> 00:59:28,970
And the reality is that basically Ethereum lost to Solana in these kind of conversations

877
00:59:28,970 --> 00:59:31,210
because Ethereum was at war with itself.

878
00:59:31,730 --> 00:59:32,550
It kept changing.

879
00:59:32,550 --> 00:59:37,490
And the premise of the supply curve is not that it goes down.

880
00:59:37,710 --> 00:59:39,270
Like it's like, oh, the supply is decreasing.

881
00:59:39,470 --> 00:59:42,950
Like Ethereum shows Bitcoin supply and then shows it being like even worse.

882
00:59:43,230 --> 00:59:44,410
It's predictable.

883
00:59:44,710 --> 00:59:46,270
That is what everyone wants.

884
00:59:46,410 --> 00:59:46,790
Exactly.

885
00:59:47,250 --> 00:59:53,330
So the more you try and change for something, the more unpredictable you look or become.

886
00:59:53,490 --> 00:59:56,050
And now forget, remember, we're all stressed out.

887
00:59:56,230 --> 00:59:59,890
Everyone has got a million and one pieces of content all trying to enter their brain.

888
00:59:59,890 --> 01:00:05,970
and you're trying to tell me you change what for what yeah not next you're just like the ai photo

889
01:00:05,970 --> 01:00:10,930
of the cat smelling its own bum or like it's all just this is ephemeral and it's not really

890
01:00:10,930 --> 01:00:16,450
there's no uh discipline or like kind of focus behind it and so that's why ethereum's there like

891
01:00:16,450 --> 01:00:20,810
yeah we're better than bitcoin we're also proof of stake like solana and now it's like

892
01:00:20,810 --> 01:00:25,630
okay solana is that bitcoin is really good for that and ethereum's still trying to find its home

893
01:00:25,630 --> 01:00:29,530
base in certain ways don't get me wrong ethereum is actually you know what something a lot of people

894
01:00:29,530 --> 01:00:30,150
don't think about.

895
01:00:30,690 --> 01:00:32,230
Ethereum has a higher density

896
01:00:32,230 --> 01:00:33,290
of self-custody

897
01:00:33,290 --> 01:00:34,610
probably than any other network,

898
01:00:34,710 --> 01:00:35,430
including Bitcoin,

899
01:00:35,550 --> 01:00:36,250
by light use.

900
01:00:36,550 --> 01:00:38,350
So Ethereum, by default,

901
01:00:38,590 --> 01:00:40,150
if you ever use a smart contract,

902
01:00:40,290 --> 01:00:41,130
you have to be holding

903
01:00:41,130 --> 01:00:42,130
your own keys.

904
01:00:42,470 --> 01:00:43,810
So their out-of-the-box

905
01:00:43,810 --> 01:00:44,570
sort of behavior

906
01:00:44,570 --> 01:00:46,030
for anyone in Ethereum

907
01:00:46,030 --> 01:00:46,890
or Solana or whatever

908
01:00:46,890 --> 01:00:48,530
is holding your own keys

909
01:00:48,530 --> 01:00:49,190
because they're like,

910
01:00:49,210 --> 01:00:50,330
I can't interact with the chain

911
01:00:50,330 --> 01:00:50,830
without it.

912
01:00:51,490 --> 01:00:52,630
Which is a double-edged sword

913
01:00:52,630 --> 01:00:53,670
because people are already doing that

914
01:00:53,670 --> 01:00:54,770
so they can go and gamble

915
01:00:54,770 --> 01:00:55,270
in the casino.

916
01:00:55,690 --> 01:00:57,070
But it doesn't stop it being true.

917
01:00:57,090 --> 01:00:57,590
Yeah, well, literally,

918
01:00:57,590 --> 01:00:59,930
That's a good point, Danny.

919
01:00:59,930 --> 01:01:02,530
It's like, no, no, let me at it.

920
01:01:02,530 --> 01:01:03,590
I want to rug myself.

921
01:01:03,590 --> 01:01:05,190
Okay, dude, you do you.

922
01:01:05,190 --> 01:01:07,190
It's like they're rushing to the casino.

923
01:01:07,190 --> 01:01:08,730
Right, and that's the thing, right?

924
01:01:08,730 --> 01:01:12,430
So, we know that there's a lot of distractions

925
01:01:12,430 --> 01:01:15,950
and that most of them aren't really going to add the amount

926
01:01:15,950 --> 01:01:29,865
of value that just a frozen scarce predictable money supply could And when you think about it like oh hey man what are you working on I trying to fix money It like oh okay well oh you probably not going to care much

927
01:01:29,865 --> 01:01:31,305
about my calendar app then.

928
01:01:31,565 --> 01:01:34,625
Yeah, it's like, nah, there's levels to this.

929
01:01:34,685 --> 01:01:36,505
I don't give a shit about your calendar app, right?

930
01:01:36,685 --> 01:01:39,505
And it's like, then it's like, oh, fuck.

931
01:01:39,905 --> 01:01:41,945
So what problem do we want to solve?

932
01:01:42,045 --> 01:01:43,965
Like if you're in Bitcoin, it's like, no, no, no,

933
01:01:43,965 --> 01:01:48,105
we've got to make it so everyone can like bet on stuff using Bitcoin.

934
01:01:48,205 --> 01:01:49,305
It's like, oh yeah, that's cool.

935
01:01:49,725 --> 01:01:53,785
You know that there's 8 billion people and close to 1 billion of them in

936
01:01:53,785 --> 01:01:54,265
poverty.

937
01:01:54,725 --> 01:01:56,905
Money to them is the worst thing in existence.

938
01:01:57,425 --> 01:02:00,025
And you have a seat at the table right now to help that.

939
01:02:00,705 --> 01:02:01,505
No, no, no, no, no.

940
01:02:01,585 --> 01:02:02,825
This is way better though.

941
01:02:02,985 --> 01:02:07,005
Oh, this really cool thing that I saw on this TikTok once like three months

942
01:02:07,005 --> 01:02:07,205
ago.

943
01:02:07,265 --> 01:02:10,505
It's like, you're killing me, killing me.

944
01:02:10,505 --> 01:02:13,065
Because we've got kind of like, I really think,

945
01:02:13,065 --> 01:02:14,145
and I don't want to sound like Eminem,

946
01:02:14,205 --> 01:02:16,325
but we kind of get one shot on goal at this.

947
01:02:16,965 --> 01:02:18,265
I totally agree with that.

948
01:02:19,045 --> 01:02:22,805
Times like this is almost like these weird eclipse moments in life

949
01:02:22,805 --> 01:02:27,885
where we just get that one fleeting moment to change gears.

950
01:02:28,185 --> 01:02:29,405
We can't do it every day.

951
01:02:29,485 --> 01:02:32,405
We won't get a chance in another 200, 300, 400 years, whatever.

952
01:02:32,945 --> 01:02:37,405
But we do get that chance today, which is a very big privilege

953
01:02:37,405 --> 01:02:40,885
to be able to be in such an interesting time because it's funny

954
01:02:40,885 --> 01:02:42,605
because, I mean, I grew up thinking like,

955
01:02:42,605 --> 01:02:48,525
oh this is shit like the stars are already like we don't have tech to go to other galaxies yet so

956
01:02:48,525 --> 01:02:52,925
i'm not gonna say shit and then it's like oh and everyone's already built all the mcdonald's on

957
01:02:52,925 --> 01:02:57,985
like over earth like it's already finished it's like great what am i here for there but now you're

958
01:02:57,985 --> 01:03:02,865
like well shit i didn't know i was gonna be right in the middle of ai bitcoin energy shit it's like

959
01:03:02,865 --> 01:03:09,685
it's like it is definitely the most interesting time dude it's like i'm i'm not joking now i

960
01:03:09,685 --> 01:03:12,885
I literally am to the point where I'm like, okay, okay, okay.

961
01:03:13,005 --> 01:03:14,825
I must be on the Truman Show now.

962
01:03:15,125 --> 01:03:16,745
I wake up and I read a headline.

963
01:03:16,885 --> 01:03:19,125
I'm like, is this the onion?

964
01:03:19,405 --> 01:03:21,585
It's not the – what the fuck is going on?

965
01:03:21,665 --> 01:03:24,805
I'm like, dude, it's like the Trump stuff the other day.

966
01:03:24,925 --> 01:03:28,205
He's like, yeah, yeah, yeah, eviscerate the civilization.

967
01:03:28,465 --> 01:03:30,205
I'm like, what?

968
01:03:30,625 --> 01:03:31,025
Crazy.

969
01:03:31,125 --> 01:03:33,305
That's awfully okay, cool.

970
01:03:33,305 --> 01:03:38,005
And you've literally got active warships just sitting there,

971
01:03:38,285 --> 01:03:39,505
like cock blocking everyone.

972
01:03:39,685 --> 01:03:46,025
But it's like what I think has been a fantastic lesson for like all of us on earth is sovereignty.

973
01:03:46,505 --> 01:03:47,525
We're all learning.

974
01:03:48,125 --> 01:03:51,905
Everyone is trying to withdraw their money from the bank right now, the bank of Hormuz,

975
01:03:52,045 --> 01:03:52,445
let's say.

976
01:03:52,745 --> 01:03:57,285
And they're realizing, wow, I can't actually get it when I ask for it.

977
01:03:57,885 --> 01:04:00,725
Shit, how much money do I have in my bank account?

978
01:04:00,805 --> 01:04:03,025
Oh, you've got 31 days worth of money left.

979
01:04:03,265 --> 01:04:04,305
It's like, wow, shit.

980
01:04:04,785 --> 01:04:07,425
I really need to make sure that I can always have a couple of days.

981
01:04:07,425 --> 01:04:09,605
and then you start saving money and you start being better with it.

982
01:04:09,645 --> 01:04:11,945
But in this case, I think it'll become energy.

983
01:04:12,365 --> 01:04:17,305
And it's almost like this straight-of-all-moves blocking situation.

984
01:04:17,505 --> 01:04:19,485
I don't even know if it's open or closed, to be honest, dude.

985
01:04:19,505 --> 01:04:20,765
It's so hard to keep up with it.

986
01:04:20,825 --> 01:04:21,945
It changes every day.

987
01:04:22,065 --> 01:04:22,885
I don't know what's happening right now.

988
01:04:22,885 --> 01:04:23,405
Literally no idea.

989
01:04:23,725 --> 01:04:26,045
And it always changes in line with the stock market opening

990
01:04:26,045 --> 01:04:27,025
and closing, by the way.

991
01:04:27,065 --> 01:04:27,485
Yeah, yeah.

992
01:04:27,505 --> 01:04:28,485
Just FYI.

993
01:04:28,565 --> 01:04:30,745
The announcements are always on Friday at 4.30.

994
01:04:30,765 --> 01:04:31,665
Dude, it's the best.

995
01:04:32,645 --> 01:04:34,345
But, you know, it is crazy.

996
01:04:34,345 --> 01:04:37,665
but I think we're going to kind of get to a point now

997
01:04:37,665 --> 01:04:41,785
where I think it's coming into the zeitgeist or the consciousness

998
01:04:41,785 --> 01:04:43,745
where we're all on the same team

999
01:04:43,745 --> 01:04:46,405
and we sort of need to realize that pretty quickly.

1000
01:04:46,725 --> 01:04:49,565
Like, you know, it's not America versus Iran

1001
01:04:49,565 --> 01:04:52,105
and Iran versus America versus China.

1002
01:04:52,265 --> 01:04:53,985
It's like, what the fuck are you talking about, bro?

1003
01:04:54,125 --> 01:04:56,465
Like, they are really good at manufacturing.

1004
01:04:57,205 --> 01:04:58,805
You are really good at something else.

1005
01:04:59,325 --> 01:05:00,865
Russia is really good at something else.

1006
01:05:01,085 --> 01:05:02,645
Australia is really resourceful.

1007
01:05:03,125 --> 01:05:04,285
Mate, we're all in a fucking world,

1008
01:05:04,345 --> 01:05:08,045
group project i don't know anyone else in the universe i don't know if anyone else on this

1009
01:05:08,045 --> 01:05:12,705
planet does but as far as i know i'm stuck on a rock in the middle of nowhere and i don't know

1010
01:05:12,705 --> 01:05:17,605
any other neighbors it's like you may as well not take a shit on my neighbor's doorstep like

1011
01:05:17,605 --> 01:05:23,125
obviously that feels like a foolish effort but like okay that's how we're doing it like

1012
01:05:23,125 --> 01:05:28,065
but yeah i'd be mad if we could all get on the same page and i think like with energy hardships

1013
01:05:28,065 --> 01:05:33,645
and also AI is forcing alignment on a lot of things

1014
01:05:33,645 --> 01:05:37,965
because it's basically giving no alternatives.

1015
01:05:38,525 --> 01:05:40,245
Like it's like, what should we do about this?

1016
01:05:40,325 --> 01:05:40,945
Maybe we shouldn't.

1017
01:05:41,025 --> 01:05:43,285
It's like, no, there is no graphic design jobs

1018
01:05:43,285 --> 01:05:44,725
paying 150 grand anymore.

1019
01:05:44,885 --> 01:05:45,285
I'm sorry.

1020
01:05:45,725 --> 01:05:47,865
Now there might be, but you pay for the guy that goes,

1021
01:05:48,385 --> 01:05:50,865
yeah, we're going to do the lettering and the font styling

1022
01:05:50,865 --> 01:05:53,085
so it's all in perfect ratios.

1023
01:05:53,305 --> 01:05:53,965
And this is the new-

1024
01:05:53,965 --> 01:05:55,505
We're actually going to do it on a typewriter.

1025
01:05:55,745 --> 01:05:55,945
Pardon?

1026
01:05:55,945 --> 01:05:58,325
we're actually going to do on a typewriter

1027
01:05:58,325 --> 01:06:03,145
literally that's how original you have to be now because otherwise it's like

1028
01:06:03,145 --> 01:06:07,305
you're not really kind of um adding any value and people have got

1029
01:06:07,305 --> 01:06:12,705
like a graphic designer's got to compete with a one dollar a day subscription to claude that can

1030
01:06:12,705 --> 01:06:20,205
do 95 now can it do it as well no does the world need it to be done at the level that you would

1031
01:06:20,205 --> 01:06:27,085
card no and it's like the world just needs it done like yeah and because we're so time poor

1032
01:06:27,085 --> 01:06:33,385
we are all going for that route well what's the what's the easier way what's the summary listen

1033
01:06:33,385 --> 01:06:38,745
to this people now when booking like even like so uh like let's say you're arranging something

1034
01:06:38,745 --> 01:06:43,305
everyone's using ai everywhere like even to the point where people use it to summarize emails

1035
01:06:43,305 --> 01:06:48,585
from friends or like text message you get a whatsapp message from a mate it's like summarize

1036
01:06:48,585 --> 01:06:53,525
who they are summarize where they are you can't even like you're not even calling him you don't

1037
01:06:53,525 --> 01:07:00,165
even have to listen to his voice you just like tap it's like just it feels just to be i don't know

1038
01:07:00,165 --> 01:07:04,225
see i'm revolting against this i'm a big fan of just a phone call why did we lose the phone call

1039
01:07:04,225 --> 01:07:09,505
phone calls are the best inventions on earth on earth yeah the thing that kills me is when

1040
01:07:09,505 --> 01:07:15,325
i've got friends who will send me like a copy and paste from chat gpt to me it's like i'm not

1041
01:07:15,325 --> 01:07:19,945
reading your ai slot just like you're my friend just talk to me literally yeah literally voice

1042
01:07:19,945 --> 01:07:26,205
know me if you have to but like far out and it's so wild to think how yeah it's and it looked

1043
01:07:26,205 --> 01:07:33,185
so here's the thing where when we talk to people so when you hear sounds you ever see those like

1044
01:07:33,185 --> 01:07:38,605
people that play a trumpet or something you know paddock are full of cows and all the cows look

1045
01:07:38,605 --> 01:07:44,765
over and they're like mad some person playing a violin or something anyway vibrations are real

1046
01:07:44,765 --> 01:07:50,265
Like, so when you speak, the only reason you can hear me is because my vibrations are chopping

1047
01:07:50,265 --> 01:07:52,065
the air up to make this sound signature.

1048
01:07:52,405 --> 01:07:56,425
That's why when you go to a concert, it feels electric.

1049
01:07:56,585 --> 01:07:59,785
Like literally where you're like, oh my God, the energy in this room.

1050
01:07:59,925 --> 01:08:01,705
It's a shared experience.

1051
01:08:02,145 --> 01:08:06,745
So that is your vibrations echoing into mine, echoing back to the other person.

1052
01:08:06,865 --> 01:08:09,145
We're like this big vibrational soup.

1053
01:08:09,145 --> 01:08:20,625
And so when we don't hear each other's voice or give each other a hug or shake hands with people and stuff, we're losing that component of ourselves.

1054
01:08:20,885 --> 01:08:27,125
And that is one of the biggest things for feeling good is about your nervous system, the electricity in it and all that sort of stuff.

1055
01:08:27,385 --> 01:08:34,065
So when we don't see people, when we don't hug people, when we don't hang out with people in person, we're losing a lot.

1056
01:08:34,165 --> 01:08:36,985
We can't see that we're losing a lot, but we are losing a lot.

1057
01:08:36,985 --> 01:08:42,705
It's sort of like listening to a song live versus digitally

1058
01:08:42,705 --> 01:08:48,785
is kind of like eating McDonald's beef patties versus a steak.

1059
01:08:49,285 --> 01:08:50,405
Like you're like, no, this is meat.

1060
01:08:50,525 --> 01:08:51,185
Like this is beef.

1061
01:08:51,265 --> 01:08:56,405
It's like, yes, my body is thinking that's not beef, bro.

1062
01:08:56,445 --> 01:08:57,405
That's fucking something.

1063
01:08:57,405 --> 01:09:00,925
And then the same way when it hears the song digitally, it's like, yeah,

1064
01:09:01,045 --> 01:09:04,725
I hear it digitally, but I'm not like I'm not getting the whole experience here

1065
01:09:04,725 --> 01:09:08,285
because think, vibrations and sound, sound is like this really,

1066
01:09:08,465 --> 01:09:12,425
really powerful thing in physics because it penetrates so aggressively.

1067
01:09:12,825 --> 01:09:14,705
Like it's like a catch-all, like vibrations.

1068
01:09:15,385 --> 01:09:16,865
If you're standing on something that's vibrating,

1069
01:09:17,165 --> 01:09:19,345
you don't get a choice to be like, I'm going to ignore this.

1070
01:09:19,425 --> 01:09:21,365
It takes over your entire state.

1071
01:09:21,545 --> 01:09:25,205
Same way as being in a loud room, same way as jumping in the ocean,

1072
01:09:25,645 --> 01:09:26,345
jumping in the ocean.

1073
01:09:26,345 --> 01:09:29,565
It's like, dude, that's like you could pay $100 for that

1074
01:09:29,565 --> 01:09:33,005
and people would pay for it if you didn't have an ocean to jump in.

1075
01:09:33,005 --> 01:09:40,285
But like the refreshment, all your like everything has been like cleaned off, like unzipping.

1076
01:09:40,385 --> 01:09:43,925
It's like taking the shrink wrap off for a new like suit of electrons.

1077
01:09:43,925 --> 01:09:46,325
And they're all like, woohoo, we can feel shit.

1078
01:09:46,685 --> 01:09:47,625
But it all matters.

1079
01:09:47,785 --> 01:09:51,865
And I think we've kind of drifted towards this digital environment where it's like, no, no, no.

1080
01:09:51,945 --> 01:09:53,005
It's basically the same.

1081
01:09:53,065 --> 01:09:56,685
It's like, no, there's something about human interaction, human connection.

1082
01:09:57,165 --> 01:09:58,045
A great example.

1083
01:09:58,145 --> 01:09:58,765
How funny is this?

1084
01:09:58,765 --> 01:10:04,125
So we walk, you see those infrared saunas and infrared things and stuff

1085
01:10:04,125 --> 01:10:06,545
and people are like lying there trying to get the infrared up.

1086
01:10:06,905 --> 01:10:10,005
Okay, that's because it does really good things for your body

1087
01:10:10,005 --> 01:10:11,085
and makes you feel good and shit.

1088
01:10:11,325 --> 01:10:13,985
When you go, oh, how would I get that naturally?

1089
01:10:14,785 --> 01:10:17,325
Dude, literally walking through a park.

1090
01:10:17,745 --> 01:10:21,585
So the chlorophyll on the leaves refracts all the infrared light

1091
01:10:21,585 --> 01:10:23,425
so it can't absorb it.

1092
01:10:23,705 --> 01:10:26,385
So it's like, you know those movies with a bank vault

1093
01:10:26,385 --> 01:10:28,905
and they've got the trip lasers everywhere.

1094
01:10:29,265 --> 01:10:31,365
Like they open and they're like, oh my God,

1095
01:10:31,585 --> 01:10:33,505
there's all these lasers, all different directions.

1096
01:10:33,885 --> 01:10:35,745
That's why when you're walking through a park,

1097
01:10:35,905 --> 01:10:37,785
think of that, but they're infrared lasers

1098
01:10:37,785 --> 01:10:39,845
like zapping into your mitochondria,

1099
01:10:39,965 --> 01:10:41,585
straight into the core of your cell.

1100
01:10:42,905 --> 01:10:44,745
That's why when you go for a walk outside,

1101
01:10:44,845 --> 01:10:46,465
sometimes you're like, you know, I'm glad.

1102
01:10:46,545 --> 01:10:48,005
I'm actually glad I went on that hike.

1103
01:10:48,085 --> 01:10:49,265
I'm glad I went on that thing.

1104
01:10:49,325 --> 01:10:50,165
I'm glad I went to that.

1105
01:10:50,385 --> 01:10:51,525
Yeah, fucking off you are.

1106
01:10:51,605 --> 01:10:52,565
You're not even in charge.

1107
01:10:52,665 --> 01:10:54,105
Your body's telling you you're glad

1108
01:10:54,105 --> 01:10:57,085
because it's like, who the fuck gave a sissy for Red Bar?

1109
01:10:57,445 --> 01:10:58,245
So that's what it is.

1110
01:10:58,285 --> 01:11:01,525
So the refraction off the chlorophyll, the leaves and shit, it's bad.

1111
01:11:01,625 --> 01:11:03,645
It's like your body thinks like you're going for a bath.

1112
01:11:03,885 --> 01:11:06,665
But you see people who pay $400 for these face masks

1113
01:11:06,665 --> 01:11:10,485
and they sleep in there like a bed looking like Jason from Halloween

1114
01:11:10,485 --> 01:11:11,865
and shit with their masks on.

1115
01:11:12,265 --> 01:11:15,405
Dude, if I came and saw my mom, I woke my mom up in the middle of the night

1116
01:11:15,405 --> 01:11:17,765
and she's like, with one of those masks, horror movie,

1117
01:11:18,005 --> 01:11:19,245
wouldn't sleep for 20 years.

1118
01:11:19,585 --> 01:11:21,145
Dude, maybe that's why I can't sleep.

1119
01:11:21,765 --> 01:11:23,185
I fucking love you, man.

1120
01:11:23,185 --> 01:11:28,125
but anyway yeah so maybe that maybe that's the when everyone revolts against ai and people go

1121
01:11:28,125 --> 01:11:32,465
outside again maybe that's when we really uh recapture what it is to be human i think possibly

1122
01:11:32,465 --> 01:11:37,285
or what happens if cryptography ends and we can't we can't so we should talk about this because

1123
01:11:37,285 --> 01:11:42,805
like this has obviously become a huge topic in bitcoin with quantum stuff yeah but you are the

1124
01:11:42,805 --> 01:11:47,945
only person i know personally who's been working on breaking cryptography before this yeah like

1125
01:11:47,945 --> 01:11:52,785
what's what's your read on it all oh i think i think it breaks definitely and i think it's like

1126
01:11:52,785 --> 01:11:55,785
Through a normal, like through math breakthroughs.

1127
01:11:55,785 --> 01:11:56,465
So, yeah.

1128
01:11:56,565 --> 01:11:58,645
So I think quantum will be a thing.

1129
01:11:58,985 --> 01:12:00,805
Quantum will be a pain in the ass for lots of things.

1130
01:12:01,245 --> 01:12:04,805
But for cryptography, it's really like an advancement

1131
01:12:04,805 --> 01:12:06,665
in the knowledge of prime numbers.

1132
01:12:06,885 --> 01:12:10,445
Like, because that's sort of, we build on not knowing these guys

1133
01:12:10,445 --> 01:12:12,325
as well as we know everything else in the universe.

1134
01:12:12,985 --> 01:12:15,525
And I think that's where the patterns will come through

1135
01:12:15,525 --> 01:12:19,465
from basically AI will be able to see what prime numbers

1136
01:12:19,465 --> 01:12:20,205
are trying to do.

1137
01:12:20,205 --> 01:12:28,645
And so prime numbers basically are, it's like every cryptographic key is basically the mixture

1138
01:12:28,645 --> 01:12:33,485
of two prime numbers. Think about it like for lack of a better term, and we don't know how to

1139
01:12:33,485 --> 01:12:39,305
unmix them. So you put two colors together, we know what colors went into it. So if I gave

1140
01:12:39,305 --> 01:12:45,405
red and blue, I think I'd get green. I know if I see something green, it came in as red and blue

1141
01:12:45,405 --> 01:12:50,525
before. We don't know the before part when it comes to cryptography. And so that's why we're

1142
01:12:50,525 --> 01:12:55,805
like, oh, we don't know if it was red, blue, yellow, green, because we don't know the whole

1143
01:12:55,805 --> 01:13:03,565
spectrum of who works with what. But just to give you an example, right? So 256-bit encryption,

1144
01:13:03,565 --> 01:13:09,185
which is half 512 standards, are pretty strong. Like that's, you know, travel a million times

1145
01:13:09,185 --> 01:13:13,545
around the universe of guesses, and then you still need to do that 10 trillion times to

1146
01:13:13,545 --> 01:13:19,685
get 1% of the way. So just to compare that, right? So we look at cryptography like it's,

1147
01:13:19,685 --> 01:13:26,085
you know, impenetrable, but it is just a guessing game. And just because we don't have the context

1148
01:13:26,085 --> 01:13:31,265
to sharpen our guesses doesn't mean it's impossible. And what I mean by that is wheel

1149
01:13:31,265 --> 01:13:38,745
of fortune, right? Wheel of fortune, the blank squares, right? The quick brown fox jumps over

1150
01:13:38,745 --> 01:13:45,785
the lazy dogs. A saying. That's why. So you guess the letters, right? One in 26, one in 26, one in

1151
01:13:45,785 --> 01:13:51,425
every single one of those is one in 26. So one in 26, one in 26, you got to do that a lot of times.

1152
01:13:51,485 --> 01:13:58,305
If you've got 55 characters or 26 characters, 52, that's one in 26. That's an astronomically

1153
01:13:58,305 --> 01:14:05,705
stupidly dumb big number. Now, if we think, well, yeah, but I know that there's no English words

1154
01:14:05,705 --> 01:14:10,965
that have ZZBW in a row so I can rule that out?

1155
01:14:11,205 --> 01:14:11,885
Yes, you can.

1156
01:14:12,085 --> 01:14:17,305
So now this astronomically 512-bit encryption shrinks down very quickly

1157
01:14:17,305 --> 01:14:21,265
and then starts going, oh, yeah, people guess Wheel of Fortune every day.

1158
01:14:21,545 --> 01:14:24,405
18 bits, like 18 characters, 30 characters.

1159
01:14:24,645 --> 01:14:25,605
They just ask questions.

1160
01:14:25,665 --> 01:14:26,825
It's like, oh, it's a movie.

1161
01:14:27,205 --> 01:14:28,525
Oh, cool.

1162
01:14:29,005 --> 01:14:33,145
Then I know what words, if there's one letter at the start,

1163
01:14:33,385 --> 01:14:35,425
I'm not going to think, oh, yeah, it's Z.

1164
01:14:35,705 --> 01:14:40,605
No, it'd be I, like I am robot or I robot or whatever.

1165
01:14:40,705 --> 01:14:44,225
But it's not like, you know, K is the first letter on its own.

1166
01:14:44,305 --> 01:14:47,145
We've got context to sharpen our choices.

1167
01:14:47,625 --> 01:14:51,645
So that's why Fred Smith that works at KFC or Joe Blow that works

1168
01:14:51,645 --> 01:14:54,825
at Guzman and Gomez, they can go on the show and they still,

1169
01:14:54,945 --> 01:14:57,565
it's not like they're trying to crack cryptography.

1170
01:14:57,805 --> 01:15:02,925
But every day we see these humans busting wide open 256-bit encryption

1171
01:15:02,925 --> 01:15:03,805
in the same way.

1172
01:15:03,805 --> 01:15:09,245
And so what I'm saying is, yes, it's harder than the game show.

1173
01:15:09,605 --> 01:15:10,705
Sure, it's just longer.

1174
01:15:11,065 --> 01:15:13,065
But it's not impossible.

1175
01:15:13,245 --> 01:15:16,405
It's impossible if you don't have any context.

1176
01:15:16,825 --> 01:15:20,465
Sure, that's like a blind guy trying to find the macaroni and cheese in Coles.

1177
01:15:20,585 --> 01:15:25,705
But if you say, yeah, the mac and cheese or dairy products are in aisle six,

1178
01:15:25,925 --> 01:15:28,365
you've now given him a hint, a guide.

1179
01:15:28,365 --> 01:15:33,125
And so that context starts shaping the reality of what you are actually looking at

1180
01:15:33,125 --> 01:15:38,325
but can't see. So let me see if I've learned anything from you. So the problem in this is that

1181
01:15:38,325 --> 01:15:42,625
there's no pattern to prime numbers. So to find a larger prime number, you essentially have to

1182
01:15:42,625 --> 01:15:47,445
brute force it. But is what you're saying that if we found a pattern in prime numbers,

1183
01:15:47,445 --> 01:15:52,225
then encryption gets broken? Yes. Do you think that's possible to find a pattern? Do you think

1184
01:15:52,225 --> 01:15:58,585
a pattern exists? I believe with my hand on my heart that a human being will do it before I'm

1185
01:15:58,585 --> 01:16:04,585
And so is that the basis for every single cryptographic scheme there is? And does that

1186
01:16:04,585 --> 01:16:09,305
mean there is no cryptography? Everyone that matters, yeah. Because, so prime number is,

1187
01:16:09,645 --> 01:16:14,305
think of it like the hardest element in the universe. And I actually mean that quite literally,

1188
01:16:14,585 --> 01:16:20,305
just because if I pick up a grain of tungsten, a grain of sand that's tungsten, I go, that's the

1189
01:16:20,305 --> 01:16:24,285
heaviest element in the earth or whatever. You're like, oh, cool. A prime number is that, but it's

1190
01:16:24,285 --> 01:16:30,765
is smaller. It's indivisible. There is no saw that cuts a prime number in half. So, treat a prime

1191
01:16:30,765 --> 01:16:34,985
number like divisibility, splitting the atom, right? Splitting the atom. That happened in war

1192
01:16:34,985 --> 01:16:40,305
because we're under pressure. We split the atom, the smallest thing ever. Well, a prime number

1193
01:16:40,305 --> 01:16:45,925
is a number that doesn't have any parts by definition. That is its defining factor. And

1194
01:16:45,925 --> 01:16:52,105
we've never been able to, let's call it split a semi-prime. So, a semi-prime is when you multiply

1195
01:16:52,105 --> 01:16:57,905
two primes together and what a semi-prime is is they will use those because we don't the primes

1196
01:16:57,905 --> 01:17:03,765
have no like oh yeah he had brown hair and glasses he went down there into the left there's none of

1197
01:17:03,765 --> 01:17:07,825
that it's like i don't know dude he was too far i didn't even see the cunt like i don't know

1198
01:17:07,825 --> 01:17:13,465
which way he went it's like okay so it's basically you know their prime you know you will never find

1199
01:17:13,465 --> 01:17:21,325
them and so the idea is like well is that true that was true in 1970s when rsa was developed but

1200
01:17:21,325 --> 01:17:24,205
But, you know, have things changed since then?

1201
01:17:24,505 --> 01:17:24,805
Yes.

1202
01:17:25,065 --> 01:17:26,505
Has our knowledge changed?

1203
01:17:27,365 --> 01:17:27,845
Maybe.

1204
01:17:28,005 --> 01:17:32,145
But our ability to look at the same thing through multiple lenses,

1205
01:17:32,625 --> 01:17:33,405
that's changed.

1206
01:17:33,665 --> 01:17:34,745
So it's still the same data,

1207
01:17:34,845 --> 01:17:36,545
but we're going to look at it through multiple lenses.

1208
01:17:36,545 --> 01:17:42,205
And so I think it just looks too obvious to me that it's too vulnerable.

1209
01:17:42,545 --> 01:17:44,185
It's like, oh, sure, yeah, sure.

1210
01:17:44,405 --> 01:17:46,045
In that context, it's not.

1211
01:17:46,105 --> 01:17:48,025
But if you make it look Wheel of Fortune-y,

1212
01:17:48,365 --> 01:17:49,925
everyone can guess Wheel of Fortune.

1213
01:17:49,925 --> 01:17:53,605
It doesn't mean they can guess a 256-bit cryptographic key though.

1214
01:17:54,045 --> 01:17:55,305
But it's like, no, no, no.

1215
01:17:55,365 --> 01:17:59,485
Once we paint it in a way that people comprehend it,

1216
01:17:59,905 --> 01:18:01,685
people will be like, oh, no, no, no.

1217
01:18:01,785 --> 01:18:04,625
It's this and you've got to do that or do this.

1218
01:18:04,705 --> 01:18:06,045
That restricts it even more.

1219
01:18:06,425 --> 01:18:11,805
And so like I look at it now, I look at, because it's prime numbers,

1220
01:18:11,885 --> 01:18:15,285
I focus mainly on RSA cryptography because that's just like a,

1221
01:18:15,565 --> 01:18:16,965
it's just all RSA is.

1222
01:18:16,965 --> 01:18:19,765
It's just literally one prime, another prime, multiply them together.

1223
01:18:19,925 --> 01:18:20,845
That's your public key.

1224
01:18:20,985 --> 01:18:21,885
So it's like public key.

1225
01:18:21,885 --> 01:18:25,325
If you click on the padlock on your website right now,

1226
01:18:25,365 --> 01:18:29,945
like we're on, and I go, I can look at the certificate.

1227
01:18:30,245 --> 01:18:31,265
Connection is secure.

1228
01:18:32,045 --> 01:18:33,485
It's got a valid certificate.

1229
01:18:33,805 --> 01:18:38,785
And that means its key on its side is happy with my key on my side.

1230
01:18:39,105 --> 01:18:41,345
And that's a key exchange where they're sort of basically saying,

1231
01:18:41,465 --> 01:18:43,065
yeah, you might, yeah, you might, cool.

1232
01:18:43,505 --> 01:18:45,225
But these prime numbers, they're not,

1233
01:18:45,225 --> 01:18:53,345
they're hard to find with our current logic like our current approach to finding them sure it's

1234
01:18:53,345 --> 01:18:59,345
really difficult brute forcing takes forever but we're not dignifying numbers with enough physicality

1235
01:18:59,345 --> 01:19:05,045
and when we do when we go all right let's treat numbers they're not imaginary they're just really

1236
01:19:05,045 --> 01:19:11,905
really small particles well then that gets they now get included into physics equations so well

1237
01:19:11,905 --> 01:19:16,705
if a prime number is physical, then it should be bound to the same laws of physics that,

1238
01:19:16,905 --> 01:19:20,465
you know, physical objects are, whether it's an electron or whether it's a building,

1239
01:19:20,585 --> 01:19:27,045
it should be the same thing. And so if we crack open our own understanding or give it a chance

1240
01:19:27,045 --> 01:19:30,725
and say, well, let's just say hypothetically they are physical, what does that look like?

1241
01:19:30,985 --> 01:19:36,505
And then we start getting thousands and thousands. And remember, the world has 8 billion people in

1242
01:19:36,505 --> 01:19:41,805
it and they all have access to AI. The only reason people don't do this stuff now is because

1243
01:19:41,805 --> 01:19:46,745
they don't really know it's a thing. But if you told everyone, hey, there's $1 trillion bounty

1244
01:19:46,745 --> 01:19:52,925
for anyone that can break, factor a semi-prime faster, I promise you this answer comes in

1245
01:19:52,925 --> 01:19:58,185
a year by the end of the year. The only reason it's not is because people aren't focused on it,

1246
01:19:58,205 --> 01:20:02,645
to be honest. So, you know, everyone becomes an expert at something overnight, like straight of

1247
01:20:02,645 --> 01:20:07,045
Hormuz, we all know everything about Iran and when it started and how it's done, whatever it is. But

1248
01:20:07,045 --> 01:20:10,845
primes will go through their same thing. And there's going to be a big conversation because

1249
01:20:10,845 --> 01:20:12,765
a lot of it will intersect around AI.

1250
01:20:13,105 --> 01:20:14,385
AI will want more data.

1251
01:20:14,925 --> 01:20:17,045
We will want better understanding of energy.

1252
01:20:17,805 --> 01:20:19,685
We will want more privacy.

1253
01:20:19,965 --> 01:20:20,585
So we're going to try.

1254
01:20:20,765 --> 01:20:21,525
But here's the thing.

1255
01:20:21,665 --> 01:20:22,785
We have privacy and stuff.

1256
01:20:22,845 --> 01:20:23,505
And I totally get that.

1257
01:20:23,505 --> 01:20:24,425
I'm not against privacy.

1258
01:20:24,545 --> 01:20:27,765
I'm just against the reality is I don't know.

1259
01:20:27,865 --> 01:20:29,325
And I'm not the smartest person on the planet.

1260
01:20:29,725 --> 01:20:34,065
I don't know anything else in nature that's been granted privacy.

1261
01:20:34,585 --> 01:20:38,505
Now, here they've been granted privacy by humans.

1262
01:20:38,505 --> 01:20:45,245
but nature doesn't really go that route nature's like it's my way of a highway always and that's

1263
01:20:45,245 --> 01:20:52,145
why we always have second order effects with everything and so nature the natural state of

1264
01:20:52,145 --> 01:20:58,765
keeping secrets is actually not real like it's not organic and so that's why in in the world

1265
01:20:58,765 --> 01:21:03,985
of addiction so you know alcohol whatever it is whatever your poison is they have a thing that

1266
01:21:03,985 --> 01:21:06,605
a saying that says secrets make us sick.

1267
01:21:07,145 --> 01:21:10,645
And that means whenever the secret is, it's going to manifest inside

1268
01:21:10,645 --> 01:21:14,865
and it starts creating all these third-party accidental effects

1269
01:21:14,865 --> 01:21:17,565
just from the manifestation or from the keeping it.

1270
01:21:17,625 --> 01:21:20,825
So people that, you know, they might crash their car drunk

1271
01:21:20,825 --> 01:21:23,205
or something like, Tiger Woods, yeah, crash car drunk.

1272
01:21:23,625 --> 01:21:25,025
But he's like, oh, were you drinking?

1273
01:21:25,185 --> 01:21:25,765
No, no, no.

1274
01:21:25,885 --> 01:21:29,305
It's like the secrets are creating this sickness from you.

1275
01:21:29,305 --> 01:21:32,145
And like in addiction, a lot of the time is because people keep

1276
01:21:32,145 --> 01:21:33,165
their addiction from others.

1277
01:21:33,165 --> 01:21:36,665
And so they go, well, secrets make you sick in that world

1278
01:21:36,665 --> 01:21:39,705
because you're not sharing the most authentic

1279
01:21:39,705 --> 01:21:42,165
and you're trying to control things too much.

1280
01:21:42,165 --> 01:21:44,545
So when I look at the world, like the earth,

1281
01:21:44,545 --> 01:21:48,285
I think there has to be a pretty big enlightenment

1282
01:21:48,330 --> 01:21:56,090
moment but i think right now the layers of earth like as in a humanity i don't think they're going

1283
01:21:56,090 --> 01:22:05,330
to hold very long like this shadow elite with elites with plebs with homeless people like that

1284
01:22:05,330 --> 01:22:10,530
structure just doesn't work and i don't think it's going to work for very long and here we go

1285
01:22:10,530 --> 01:22:14,830
like so you see people breaking into like epstein island right like these people like no i need to

1286
01:22:14,830 --> 01:22:22,930
know everything that that desire that's not that's not organic need that's their dopamine center

1287
01:22:22,930 --> 01:22:28,410
like a zombie with blood lust almost they are that frothing over it that's going to happen with

1288
01:22:28,410 --> 01:22:36,750
everything and so the the mankind will not tolerate a secret i don't think especially after if we like

1289
01:22:36,750 --> 01:22:42,910
kind of replay history at least like the hardships i think it's going to become more of a we're all

1290
01:22:42,910 --> 01:22:49,370
one and we all, like many hands make light work all on the same team perspective instead of a

1291
01:22:49,370 --> 01:22:55,610
kill or be killed perspective. And now to get to that level of you're okay and I'm okay and we're

1292
01:22:55,610 --> 01:23:01,990
both okay as one, that's where haves and have nots can't exist anymore. So we have to get to that

1293
01:23:01,990 --> 01:23:08,930
level of sort of peace and okayness with each other. We have to have it so that you can't be

1294
01:23:08,930 --> 01:23:14,250
envious of something I have and vice versa. So if you have more than I have, or if I have more than

1295
01:23:14,250 --> 01:23:19,150
you have, and that can mean, what I'm sort of circling on is energy. So we can't control it.

1296
01:23:19,250 --> 01:23:22,950
I mean, that's the flow. Everything comes back from energy. Do you have lots of it? Do you have

1297
01:23:22,950 --> 01:23:27,070
none of it? Do you have water? Do you have resources? So no, we've got no water in the

1298
01:23:27,070 --> 01:23:30,790
middle of Africa. Well, fuck, everything's going to be an expert mode. Great example,

1299
01:23:31,190 --> 01:23:33,170
Water in the Middle East, the deserts.

1300
01:23:33,170 --> 01:23:42,530
So, Oman or Kuwait, 740% of their annual water production is used.

1301
01:23:42,890 --> 01:23:47,670
So, they use 7 point, imagine getting paid 100 grand a year and spending 750 grand, even

1302
01:23:47,670 --> 01:23:47,970
better.

1303
01:23:48,390 --> 01:23:51,690
So, Dubai, they get paid 100 grand a year water budget, right?

1304
01:23:52,430 --> 01:23:57,950
I think theirs is like 46, so 46 times, so 4,600%.

1305
01:23:57,950 --> 01:24:00,990
So that's like me spending $4.6 million a year

1306
01:24:00,990 --> 01:24:02,370
when I get paid $100,000 a year.

1307
01:24:02,950 --> 01:24:05,610
Now, naturally, that is fighting.

1308
01:24:06,630 --> 01:24:09,210
We're fighting the natural order very much,

1309
01:24:09,370 --> 01:24:11,150
trying to put water in the desert.

1310
01:24:11,490 --> 01:24:12,750
Like now that's not a bad thing.

1311
01:24:12,790 --> 01:24:13,210
It's great.

1312
01:24:13,290 --> 01:24:14,250
We're expanding, da-da-da.

1313
01:24:14,390 --> 01:24:18,930
But sooner or later, we'll realize that fighting the natural order

1314
01:24:18,930 --> 01:24:22,010
to try and be the masters of our own destiny is probably

1315
01:24:22,010 --> 01:24:29,710
a shorter story for mankind than it is for how do we all lift each other up and win.

1316
01:24:30,250 --> 01:24:33,250
And, you know, because right now, countries are trying to win.

1317
01:24:33,910 --> 01:24:36,070
People are trying to, individuals are trying to win.

1318
01:24:36,230 --> 01:24:37,570
It's like, no, no, no, no, no.

1319
01:24:38,230 --> 01:24:40,610
Everyone, you buy all your shit from China.

1320
01:24:40,830 --> 01:24:42,470
And what, you're going to sit there and say you don't like China?

1321
01:24:42,730 --> 01:24:44,390
For good, stop buying it then.

1322
01:24:44,510 --> 01:24:45,670
Let's see how happy you are.

1323
01:24:45,830 --> 01:24:46,910
No, you wouldn't be.

1324
01:24:47,010 --> 01:24:48,190
So show some gratitude.

1325
01:24:48,790 --> 01:24:51,810
Russia, science, medicine and mathematics, unreal.

1326
01:24:52,010 --> 01:24:57,370
let's like imagine we go like imagine you're in a group project and everyone's got to do

1327
01:24:57,370 --> 01:25:03,030
all of the parts it's like no who's the who's the history guy okay you're really good at ancient

1328
01:25:03,030 --> 01:25:07,530
history you're doing the egypt part you you're really good at modern history you're doing world

1329
01:25:07,530 --> 01:25:13,910
war ii it's like delegate to expertise i mean it sounds like an entire shift from a sort of

1330
01:25:13,910 --> 01:25:18,750
scarcity mindset to an abundance mindset from everyone everyone but that's everyone has to have

1331
01:25:18,750 --> 01:25:25,650
their needs met and so the needs started basically food water shelter and now money is unfortunately

1332
01:25:25,650 --> 01:25:31,610
this artificial need that we've kind of injected into the stack um but the removal of money

1333
01:25:31,610 --> 01:25:37,430
which is probably where it goes like money is money is only a stopgap solution it's sort of like

1334
01:25:37,430 --> 01:25:42,030
oh yeah i've got cheese and crackers because the pizzas are running late like you know kind of it's

1335
01:25:42,030 --> 01:25:47,150
like a here fill up on this and in the meantime because we can't teleport energy around so we

1336
01:25:47,150 --> 01:25:50,390
needed to make some currency that represented give a shit.

1337
01:25:50,390 --> 01:25:51,590
I mean, labor, right?

1338
01:25:51,590 --> 01:25:54,050
Like, Hey, you put a shovel here, here's this give a shit.

1339
01:25:54,470 --> 01:25:58,610
So we call that gold or whatever, but the biggest threat to Bitcoin,

1340
01:25:58,610 --> 01:26:02,150
generally speaking is actually, uh, apathy.

1341
01:26:02,630 --> 01:26:17,782
So people don need money anymore Why not Because everything just works We got all these autonomous energy systems and blah blah blah And then that ushers in the potential for a new creative renaissance basically And a lot of people have talked about this and Bitcoin is

1342
01:26:17,782 --> 01:26:22,742
Venice and all this beautiful, incredible foresight from these smart cats in the industry.

1343
01:26:23,762 --> 01:26:27,162
But that's sort of what it does. So now when you and I are not thinking,

1344
01:26:27,582 --> 01:26:32,102
fuck, did I get that Excel spreadsheet in on time? Shit, is the bus running late? Is that

1345
01:26:32,102 --> 01:26:35,702
canceled is that my bus or the next bus and blah blah blah and i've been at work all day

1346
01:26:35,702 --> 01:26:41,722
i haven't thought anything about my purpose i've just been like surviving now if you give

1347
01:26:41,722 --> 01:26:49,062
everyone back all that time and effort and excitement or zest or enthusiasm where does it go

1348
01:26:49,062 --> 01:26:55,122
and so people probably aren't rushing to build you know oh dude i've got the best thing what is it

1349
01:26:55,122 --> 01:26:59,442
yeah you come into an office for 40 years and there's no sunlight and there's mad dry air

1350
01:26:59,442 --> 01:27:07,082
conditioning is like fuck out of here like stupid suggestion but it's like i think that ushers in a

1351
01:27:07,082 --> 01:27:13,762
new era of almost like we made it through the hardest part possible and everyone gets to have

1352
01:27:13,762 --> 01:27:20,082
a beautiful life right now it's like bro like we got so lucky being born i'm the luckiest human

1353
01:27:20,082 --> 01:27:25,002
being i know born in australia there's no bomb flying over my head like running water like two

1354
01:27:25,002 --> 01:27:29,082
seconds down the road there's a beach there's people people are happy people are nice people

1355
01:27:29,082 --> 01:27:35,102
was sort of chilled like unreal but like imagine someone who didn't even choose to be here they

1356
01:27:35,102 --> 01:27:39,062
didn't ask to come oh yeah can i come to earth please they didn't even ask to be and they come

1357
01:27:39,062 --> 01:27:46,042
out like they're like fuck what the why am i even here i didn't ask to be you know and so it's like

1358
01:27:46,042 --> 01:27:50,222
i don't know but i think we're going that direction where we're sort of finding a way

1359
01:27:50,222 --> 01:27:58,462
to meet everyone's needs but i definitely think there's like we need to clean up a lot of the

1360
01:27:58,462 --> 01:28:05,182
governance structure of earth like right now i don't know what's happening but watching what like

1361
01:28:05,182 --> 01:28:10,822
what happened in the u.s over the past six to twelve months with like all the like punishment

1362
01:28:10,822 --> 01:28:16,942
from like all these like fbi blacked out notes and redacted notes it's like what the fuck is

1363
01:28:16,942 --> 01:28:21,802
even going on like clearly you're not working for the people paying the taxes and it's just like

1364
01:28:21,802 --> 01:28:28,142
that whole whatever kind of needs to be pulled out before you can kind of have a healthy system

1365
01:28:28,142 --> 01:28:32,962
I don't really know how they do that because that's sort of the way that we've been living

1366
01:28:32,962 --> 01:28:39,702
forever so maybe that's what bitcoin is for like if we are going to live in a post-money world like

1367
01:28:39,702 --> 01:28:44,142
maybe bitcoin is here to uh to starve the beast and get us to that so I've got this theory that

1368
01:28:44,142 --> 01:28:49,042
there's like infinite many universes like we're all like every decision sort of spawns a new

1369
01:28:49,042 --> 01:28:54,442
universe and I was thinking I was saying to my brother a while ago I was like bro I reckon we're

1370
01:28:54,442 --> 01:29:01,082
in the universe that invented Bitcoin for all the other universes. But the caveat is that we made it

1371
01:29:01,082 --> 01:29:06,982
so every other timeline gets it forever, but we won't have it long term. And like something like

1372
01:29:06,982 --> 01:29:13,102
that, like we kind of break it ourselves or something, but everyone else doesn't get the

1373
01:29:13,102 --> 01:29:18,482
broken version and we kind of, who knows. But I tell you what, imagine if we did not have Bitcoin

1374
01:29:18,482 --> 01:29:24,142
right now. Imagine not having it. It'd be like, I don't know what to do. Like, where do you put

1375
01:29:24,142 --> 01:29:29,022
your money what do you do and then then basically the strategy is how do you preserve your wealth

1376
01:29:29,022 --> 01:29:33,042
we just put it where everyone's money laundering when it like literally if like i'm a bum man and

1377
01:29:33,042 --> 01:29:37,122
i'm laundering money or whatever it's like where are you guys putting it oh we put in the store

1378
01:29:37,122 --> 01:29:40,962
okay cool he's gonna put it there too and so that's a bitcoin needs to be the best vehicle

1379
01:29:40,962 --> 01:29:45,122
for people to want money so then just that's people park it there and pump money it's not

1380
01:29:45,122 --> 01:29:49,022
very good from like this is so weird the counterproductive thing is like bitcoin's

1381
01:29:49,022 --> 01:29:53,282
terrible for money laundering it's like not like people like i'm money laundering bitcoin it's like

1382
01:29:53,282 --> 01:29:57,942
dude no one just use the bank on the street with their dick out like why the fuck would anyone do

1383
01:29:57,942 --> 01:30:04,242
that with bitcoin it's the same thing like so anyway who knows but i think um i think there's

1384
01:30:04,242 --> 01:30:09,642
a lot of excitement on the horizon and yeah we're pretty blessed right now to see and like we haven't

1385
01:30:09,642 --> 01:30:15,382
even talked about like claude and chat gbt getting better in three years where could they be in three

1386
01:30:15,382 --> 01:30:20,262
years like just to show you how hot this that gets back to the exponentials though like i have no

1387
01:30:20,262 --> 01:30:22,262
It's like, oh dude, three years ago,

1388
01:30:22,262 --> 01:30:35,495
oh was that before it could launch rockets to Mars You haven even been to Mars dude Oh dude last 18 months have been crazy I going to be like tell me everything I Kane It almost like that And now that

1389
01:30:35,495 --> 01:30:40,675
that's the problem for entrepreneurs now is they have to choose, choose their destiny almost. So

1390
01:30:40,675 --> 01:30:45,055
you want to build a company, you got to choose correctly, like very difficult. So you're in a

1391
01:30:45,055 --> 01:30:51,095
great position where you're like, you know, hosting a podcast. It's like, you're the personality,

1392
01:30:51,095 --> 01:30:57,335
you are the talent like you and your likeness is the talent but it's like dude if i'm a front-end

1393
01:30:57,335 --> 01:31:03,355
engineer doing html css javascript it's like i don't know where i'm going from there like

1394
01:31:03,355 --> 01:31:09,435
and i don't know what starts thinking about doing then like but what stops someone just uh

1395
01:31:09,435 --> 01:31:15,155
creating ai me taking all the transcripts to all my context and putting that into some like

1396
01:31:15,155 --> 01:31:19,955
ai podcast like that that is a thing there's no way my job's safe either well no no no and that so

1397
01:31:19,955 --> 01:31:23,195
But this is actually really interesting because one of the person

1398
01:31:23,195 --> 01:31:26,535
that's had the most of that done to them is Alan Watts.

1399
01:31:26,755 --> 01:31:28,235
So Alan Watts, the philosopher.

1400
01:31:28,975 --> 01:31:34,435
So he's brilliant, the most brilliant speaker I've ever heard

1401
01:31:34,435 --> 01:31:35,355
in my entire life.

1402
01:31:35,435 --> 01:31:38,595
Like there's never an ounce of fat on any of his sentences.

1403
01:31:39,335 --> 01:31:41,995
Anyway, but what people do now is in the same way they do it

1404
01:31:41,995 --> 01:31:44,855
to like Joe Rogan where they'll take Alan Watts' speeches

1405
01:31:44,855 --> 01:31:48,115
and they'll go, ChatGPG, write something that sounds

1406
01:31:48,115 --> 01:31:49,475
like it was written by Alan Watts.

1407
01:31:49,475 --> 01:31:53,295
And then people speak and they'll put a bunch of like, you know, rivers and creeks overlaid

1408
01:31:53,295 --> 01:31:54,235
over the sounds.

1409
01:31:55,015 --> 01:31:58,275
And so now you don't know what's real and what's not real.

1410
01:31:58,575 --> 01:32:00,615
And so, but this is what happens, right?

1411
01:32:00,775 --> 01:32:05,355
So we're talking about this merging between you and me, but we're becoming one.

1412
01:32:05,675 --> 01:32:06,595
Like, so we're becoming one.

1413
01:32:07,335 --> 01:32:10,995
If you're holding on, the last thing you have is your likeness.

1414
01:32:11,295 --> 01:32:12,055
It's not your voice.

1415
01:32:12,095 --> 01:32:14,215
Your voice, that was deepfaked three years ago.

1416
01:32:14,355 --> 01:32:16,555
Your body now is deepfaked now as well.

1417
01:32:16,555 --> 01:32:22,555
but your likeness. Like, write it like Danny, here's 100 podcasts he's done, write it like he

1418
01:32:22,555 --> 01:32:28,235
would write it. You can see in like script writing now with people on TV shows, a lot of script

1419
01:32:28,235 --> 01:32:33,635
writing has to accommodate for people. Like, this is another thing, right? So the data set of AI

1420
01:32:33,635 --> 01:32:41,035
is going to be trained on these changes and adaptations that we've had to AI. So the script,

1421
01:32:41,035 --> 01:32:46,515
for example, in Netflix shows, they have a new script writing sort of strategy because so much

1422
01:32:46,515 --> 01:32:51,635
of the audience can't follow old script writing styles because there's too much context because

1423
01:32:51,635 --> 01:32:55,995
no one's watching so people like they're looking up every 20 seconds when they're not following

1424
01:32:55,995 --> 01:33:00,275
so that's why you find these scripts that sound so ridiculous but it's like they say the same thing

1425
01:33:00,275 --> 01:33:06,095
i'm glad i met you on the battleship hey great and the battleship we just got to yeah we're about

1426
01:33:06,095 --> 01:33:10,755
to take off awesome i'm glad we met on the battleship let's go into battle great this is

1427
01:33:10,755 --> 01:33:15,615
the perfect battleship for it it's so depressing they have to make the the scripts like scrollable

1428
01:33:15,615 --> 01:33:19,555
meaning you can be scrolling your phone while you watch it and still follow the story and they make

1429
01:33:19,555 --> 01:33:24,035
it like they have key moments that are memeable yeah like these are things that actually go into

1430
01:33:24,035 --> 01:33:31,975
production now it's so depressing 100 and so that in itself is shaping and creating the possibility

1431
01:33:31,975 --> 01:33:37,715
of what that art format can actually deliver and then it's making the ai stupider because it's like

1432
01:33:37,715 --> 01:33:41,835
you mean to tell me you guys are so dumb you can't listen for 30 seconds nope it's down to

1433
01:33:41,835 --> 01:33:46,615
five seconds next year it's going to be down to one second and like that's actually a thing by the

1434
01:33:46,615 --> 01:33:52,615
way we're all slowly getting autism but a hundred percent and that kills me like it's it's the

1435
01:33:52,615 --> 01:33:59,575
commoditization of all mass media like music film like any form of art yeah and i i also don't think

1436
01:33:59,575 --> 01:34:05,515
it's real because like when you see um what's he what's the guy called who did to oppenheimer i

1437
01:34:05,515 --> 01:34:09,875
forgot his name oh yeah christopher nolan yeah christopher nolan he's coming out with a new film

1438
01:34:09,875 --> 01:34:11,715
all shot on like IMAX film.

1439
01:34:11,715 --> 01:34:11,915
Yeah.

1440
01:34:12,075 --> 01:34:14,335
Like these are things that people actually want,

1441
01:34:14,475 --> 01:34:16,775
like real, real stories.

1442
01:34:17,015 --> 01:34:18,355
Because people want to escape.

1443
01:34:18,535 --> 01:34:19,195
It's escapism.

1444
01:34:19,335 --> 01:34:19,795
A hundred percent.

1445
01:34:19,995 --> 01:34:21,755
And it's, that's the art form.

1446
01:34:21,975 --> 01:34:25,315
The art form isn't, oh, you know, cinema is art.

1447
01:34:25,515 --> 01:34:26,655
Music is art.

1448
01:34:26,835 --> 01:34:28,695
Now the problem is when you,

1449
01:34:28,815 --> 01:34:31,155
when you get things that people like

1450
01:34:31,155 --> 01:34:34,055
and you get a system that tries to duplicate that,

1451
01:34:34,255 --> 01:34:36,075
you basically get bastardization.

1452
01:34:36,375 --> 01:34:38,355
So it's like, now if you're a movie studio,

1453
01:34:38,355 --> 01:34:41,375
So let's say you've got this art cinema.

1454
01:34:41,755 --> 01:34:43,275
Now, times are getting harder.

1455
01:34:43,435 --> 01:34:54,387
In the real world outside of cinema times are getting harder So what does a movie studio exec say Hey do we make that new original picture or Avengers 8 Well we can guarantee a good quarter

1456
01:34:54,387 --> 01:34:56,687
if we make Marvel Super Heroes 7.

1457
01:34:57,287 --> 01:34:57,887
Oh, fuck it.

1458
01:34:57,967 --> 01:34:59,287
But do you think people talk?

1459
01:34:59,487 --> 01:35:00,707
We've already done all the data.

1460
01:35:00,927 --> 01:35:02,687
We'll lose 80% of the fan base,

1461
01:35:02,767 --> 01:35:04,847
but this quarter we'll actually double our revenue.

1462
01:35:05,107 --> 01:35:05,627
Great, done.

1463
01:35:05,867 --> 01:35:06,947
And that's why that gets done.

1464
01:35:06,947 --> 01:35:12,827
But ask any actor on Earth who they want to be in a movie for.

1465
01:35:12,827 --> 01:35:18,847
they will all tell you first up one name Christopher Nolan you know why because yeah he's not the money

1466
01:35:18,847 --> 01:35:24,167
grab anymore he is the talent where people are like whatever he does it's gonna be unreal so

1467
01:35:24,167 --> 01:35:29,947
it's what yeah used to be you get that same feeling of like they are good at their craft

1468
01:35:29,947 --> 01:35:34,707
the same way we used to look at actors be like whoa they're good it's like that's all just cookie

1469
01:35:34,707 --> 01:35:39,847
cutter popcorn shit in the same way music's the same because these guys they're capital like they're

1470
01:35:39,847 --> 01:35:43,867
trying to make money so they're like they're not trying to add to the art industry they're just

1471
01:35:43,867 --> 01:35:47,947
trying to make money and so they're like well yeah this makes more money now christopher nolan has

1472
01:35:47,947 --> 01:35:53,647
earned his stripes where basically he calls the shots now he's got the dramatically good track

1473
01:35:53,647 --> 01:35:58,907
record that says it's my way or the highway thank you and they go yeah but also like when he does

1474
01:35:58,907 --> 01:36:03,667
those films the actors take like 20 of their normal paycheck to do it as opposed to doing like an

1475
01:36:03,667 --> 01:36:08,927
avengers film because they want to be a part of it they are like this guy it that is the lebron

1476
01:36:08,927 --> 01:36:13,807
James, the Michael Jordan, that's like playing, you know, on the winning team because everything

1477
01:36:13,807 --> 01:36:19,047
else is boring to them. There's no challenge in being Wolverine for the sixth time and getting

1478
01:36:19,047 --> 01:36:24,787
that $240 million paycheck and going to the same bar and being on the same tour. Oh yeah, yeah,

1479
01:36:24,887 --> 01:36:32,767
he had great claws this time. Wow. They don't feel part of like the best of the best. Now,

1480
01:36:32,827 --> 01:36:37,507
if you're in a Christopher Nolan movie, you made it. And that's why actors now, there is no acting.

1481
01:36:37,507 --> 01:36:40,807
It's like, The Rock is not an actor.

1482
01:36:41,007 --> 01:36:44,367
The Rock is a wrestling star who's enthusiastic about entertainment, sure,

1483
01:36:44,647 --> 01:36:45,547
but he's not an actor.

1484
01:36:46,087 --> 01:36:47,767
And like Russell Crowe, he's an actor.

1485
01:36:48,087 --> 01:36:49,467
Like The Rock, not an actor.

1486
01:36:49,647 --> 01:36:52,487
And they realize that it's actually quite easy to bridge the gap

1487
01:36:52,487 --> 01:36:55,307
between fame and acting.

1488
01:36:55,587 --> 01:36:59,327
And it's just sort of an extended revenue stream for the famous person,

1489
01:36:59,587 --> 01:37:00,667
singing or acting, right?

1490
01:37:01,027 --> 01:37:02,387
I don't think you watched The Smashing Machine.

1491
01:37:02,547 --> 01:37:04,047
The Rock was an actor in that.

1492
01:37:04,127 --> 01:37:05,567
Oh, The Smashing Machine, I haven't seen.

1493
01:37:05,567 --> 01:37:08,007
So I gave The Rock, he was on Fortnite recently,

1494
01:37:08,387 --> 01:37:10,867
and I was out of the shits because I was like, fucking The Rock.

1495
01:37:11,007 --> 01:37:14,327
He's like, look, cool, I love him in a vibe,

1496
01:37:14,527 --> 01:37:17,507
but he's like super like whores himself out for everything.

1497
01:37:18,067 --> 01:37:20,587
One of the frustrating things about that is the team I chose

1498
01:37:20,587 --> 01:37:22,927
in Fortnite, The Rock is on the other team.

1499
01:37:23,007 --> 01:37:25,787
This sounds stupid, but The Rock in all his contracts has a

1500
01:37:25,787 --> 01:37:28,687
The Rock can't lose clause.

1501
01:37:29,447 --> 01:37:31,887
So in all this stuff, The Rock is not allowed to lose.

1502
01:37:31,887 --> 01:37:35,447
Oh, you see a photo of The Rock fell off a cliff in Jumanji 7.

1503
01:37:35,567 --> 01:37:40,007
Yeah, but at the bottom of the cliff, he was there and he built a hut and he was safe and he killed all the villagers or something.

1504
01:37:40,067 --> 01:37:40,427
I don't know.

1505
01:37:40,667 --> 01:37:45,067
But that's a funny thing to have baked in because they're, again, they're not even about entertainment.

1506
01:37:45,187 --> 01:37:46,407
They're about brand preservation.

1507
01:37:47,307 --> 01:37:48,567
Isn't that wild to think?

1508
01:37:48,687 --> 01:37:49,147
It's like.

1509
01:37:49,907 --> 01:37:54,507
I just love that you're like trying to solve novel math problems and playing Fortnite.

1510
01:37:54,787 --> 01:37:55,607
They're your two hobbies.

1511
01:37:56,147 --> 01:37:57,307
The best, dude.

1512
01:37:57,987 --> 01:37:58,607
The best.

1513
01:37:58,887 --> 01:38:00,427
You've got to have the mad disconnect.

1514
01:38:00,667 --> 01:38:05,107
You've got to be 100% in something and then absolutely not in it.

1515
01:38:05,107 --> 01:38:07,547
Yeah, but nothing solved yet.

1516
01:38:07,707 --> 01:38:08,747
Just still stupid.

1517
01:38:10,647 --> 01:38:12,687
Michael, this has been fucking awesome.

1518
01:38:12,947 --> 01:38:13,947
I love talking to you.

1519
01:38:14,087 --> 01:38:18,087
I feel like I don't know which way's up, but I had a good time.

1520
01:38:18,147 --> 01:38:20,427
Well, it did text me if there's anything you hear and you're like,

1521
01:38:20,487 --> 01:38:21,927
oh, actually, that made sense.

1522
01:38:21,967 --> 01:38:23,187
I'll ask him about that again.

1523
01:38:23,427 --> 01:38:25,567
But always down and I really appreciate it.

1524
01:38:25,767 --> 01:38:28,367
And congrats on a bunch of awesome episodes, by the way.

1525
01:38:28,667 --> 01:38:31,327
I've been like pouring my ears out to you for the past,

1526
01:38:31,327 --> 01:38:33,927
like, I don't know, month listening to some bangers.

1527
01:38:34,047 --> 01:38:34,327
So thanks.

1528
01:38:34,327 --> 01:38:38,707
thanks it's awesome i love it thank you man and we we need to do this more regularly i'm going to

1529
01:38:38,707 --> 01:38:42,127
come down to sydney soon and we should do it again awesome dude i've got a spare room you can crash

1530
01:38:42,127 --> 01:38:48,687
at mine there you go done we can go and have dinner um thank you man um i will speak to you

1531
01:38:48,687 --> 01:38:51,267
soon this has been so much fun awesome thanks so much mate

1532
01:39:04,327 --> 01:39:34,307
Thank you.