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You can't tell me not to believe my lying eyes.

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Like, I see this is happening and I'm mad as hell I'm not going to put up with it anymore.

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I'm going to let these people dragged into court and tried for treason and appropriately thrown in prison.

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I just want rule of law brought back.

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I would like to read some passages from the bear market of 2015, 2016.

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People literally thought Bitcoin was going to die.

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We're off the all-time highs of 123,000 down about 30%.

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But we 5X'd in three years.

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This is the most healthy consolidation.

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Nobody lines up for Bitcoin when it's, you know, 90,000.

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They line up for it when it's at 200,000.

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You hate it when the price is dumping, but you hate it even more when the price is pumping too.

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Because you're like, oh God, I don't have enough Bitcoin.

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I am incredibly, incredibly bullish right now.

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Greetings and salutations, my fellow plebs.

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My name is Walker and this is The Bitcoin Podcast.

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Bitcoin continues to make new blocks every 10 minutes

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and the value of one Bitcoin is still one Bitcoin.

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If you are listening to this right now,

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remember, you're still early.

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This episode is brought to you by Blockware.

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What if you could lower your tax bill

23
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and stack Bitcoin at the same time?

24
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Well, with Blockware, you can.

25
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New US tax rules let miners write off 100%

26
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of their mining hardware in a single year.

27
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So earn Bitcoin daily while saving big come tax season.

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Get started at mining.blockwaresolutions.com slash titcoin.

29
00:01:24,200 --> 00:01:29,540
Use the code titcoin to get $100 off your first miner when using the Blockware marketplace.

30
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This is not tax advice, so go speak to the team at Blockware to learn more.

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That's mining.blockwaresolutions.com slash titcoin.

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Head to the show notes for links to find the show on centralized social media platforms and on Noster,

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or just go directly to bitcoinpodcast.net. You'll find it all there.

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And kind reminder that you can support this show by becoming a paid subscriber on Fountain.

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Or don't, Bitcoin doesn't care, but I sure do appreciate it.

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Without further ado, let's get into this Bitcoin talk.

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Ignoster is fantastic. Zap.stream works great.

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I've been playing around with the Primal streaming one too for a while now, and that's working great.

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But sometimes it doesn't, and so I like to have a backup, you know.

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I'd like to have an alternate option.

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And the cool thing about ZapDot stream is you can just raid your own stream.

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So that works pretty well.

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It's,

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uh,

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it's incredible how these have progressed.

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I'm seeing it now though.

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I'm going to,

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I'm going to send a message in,

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uh,

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in Noster.

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It's a Noster Noster.

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I think that's,

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uh,

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Oh,

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you,

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I mean,

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I say Noster.

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I actually don't know how you,

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what do you say?

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Oh,

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I went to,

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uh,

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I went to an all boys Catholic high school where we were forced to learn

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Latin and the, uh, the, our fathers is in my head, paternoster, domini, Kiley. So I say

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Noster. Okay. Okay. Okay. I mean, I'm not gonna hold it against you. You know, you're like,

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it's the same. Do you say a hodl or hodl? I'm a hodl guy. Okay. So you have a history of

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mispronouncing things. That's fine. This makes a lot more sense than just wanted, just wanted to

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be clear what I was dealing with here. That's usually, that's usually how I like to, you know,

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like to check that. But no, I mean, again, that's the beauty of open protocols, right? Is you're

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free to mispronounce them if you want to.

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Like it's, you know, it's really anyone's game.

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All right, let's see.

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I'm going to blast this out on old centralized social media as well,

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just because I like to think that maybe,

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and I have had some evidence of this from people telling me,

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but that streaming only on Noster does bring at least a couple people over

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occasionally that would not have checked out Noster otherwise.

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So it's like, you know, I'm doing my part in some small way.

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You post, I would take the other side of this.

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We do this at RHR where we live stream on X.

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I wasn't trying to dig at RHR, by the way.

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X, YouTube, and Nostre.

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But we belittle the people on X and YouTube and in those chats.

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And we haven't been good with it recently,

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but we used to ignore the YouTube and X chats

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and be like, if you want us to respond, hop in the Nostre chat.

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And I think that's a good practice too.

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I do actually like that.

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I like that strategy.

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I was watching the RHR from yesterday,

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and you guys were specifically calling out the Nostra chat to hop in there.

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But I go back and forth on this because I never wanted this show to be a live stream show.

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It's a different vibe to do live streaming.

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I wanted it to be a podcast, a real Bitcoin podcast.

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And so the live stream was never part of the plan.

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But then Nostra enabled live streaming with Zap.stream.

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Shout out to Kieran.

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And I thought, well, why not?

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Why not mess around with this, add a little bit of a different dimension to it?

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but yeah i don't know has has rhr always been a live stream too i know you guys were saying

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yesterday you're at like what like 7.3 years of rhr like 375 episodes something wild like that

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that's insane by the way it uh it's crazy to think and i'm tired boss no i'm kidding i am

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invigorated by rabbit hole recap weekend and week out and no it wasn't always a live stream for the

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longest time the first three years it's crazy to think we've done now to think i say for the

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longest time but literally for most of rhr's history now it has been a live stream but for the

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first three years matt and i would just meet in my apartment it was audio only no video and then

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covid hit and we decided to we had to do remotes and so we were on a video call anyway and said

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why not just record the video post it and then ultimately got to the point i was like all right

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let's just go live too.

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And so we started doing that during the COVID era.

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So it started out audio only,

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Matt and I in our apartment looking disheveled because we didn't care what we

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looked like.

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Often drinking whiskey,

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shooting the shit into handheld mics and then a COVID hit.

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And that's when we went video and then live stream.

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The rest,

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as they say is history.

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It's,

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it's a wild streak though.

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Like that's a,

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it's a,

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like that is commitment right there.

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That is true proof of work.

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That's honestly like insane.

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And all the credit goes to our wives who have put up with this week in, week out, year in, year out.

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Because I know they both – I think they're having a good relationship with both of them.

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They know, like, okay, when you're recording RHR this week and as long as we give them a day's notice, I think they're fine.

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They're accepting of it.

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Yes.

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I mean, shout out to the wives out there that put up with the Bitcoin podcasters.

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None of this is possible without wives that are cool with it.

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I think that there's an enjoyment on their side from being, well, one, like, you know, they don't have to talk to you about Bitcoin quite as much, right?

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You get some of it out of your system.

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Not that they don't like to talk about Bitcoin, but perhaps they don't like to talk about it quite as much.

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I don't want to speak for yours or Odell's wife.

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Maybe they like talking about it more than you guys.

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I don't know.

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my wife uh cannot care less as long as the numbers coming up over over a longer period of time she's

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happy but uh she's the wife where she's uh we're different conversations at a party and she'll

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glance over like is he talking about bitcoin and uh she's a problem she's proud yeah so carla does

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this thing where she'll like uh and we go to we go to less parties now that you know we have a

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a little one or well now he's starting to get a little bit older so we're you know going going

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to more again like with him in tow because he likes a nice you know nice fiesta but she'll she's

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the one like you know just don't bring up bitcoin first just like please just please just don't be

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the first one to bring it up and then like five minutes in she's somehow brought it up and i'm

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like well what what are you doing like this is exactly what you told me not to do it's like

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you know a couple glasses of sauvignon blanc and she's like and that's why the fed is a cabal of

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central bankers. And I'm like, that's, that's my gal. That's, that's my gal.

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They're pretty sure they're lizards and skin suits. Yeah, it's like, yeah,

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exactly. You've seen the movie, you've seen the movie, they live. It's basically,

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that's a documentary. It's a documentary essentially. Oh man. Well,

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shout out to the few people who've already joined us on Noster. I always,

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I always appreciate that. Like it's to me the,

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because I've done a few live streams as well.

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I've started doing like a weekly one with, uh, with Roxham that like, uh,

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It's the kind of new network that Shane and Nolan are working on.

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And then I've done a couple just like very late night,

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random impromptu, you know, emergency broadcasts, quote, quote.

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And there's something about the Noster chat that is just more satisfying.

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Perhaps to the fact that you're like a pun intended,

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like you're receiving sats.

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So like, of course, it's more satisfying, right?

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But the vibes are just,

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the vibes have consistently been wonderful on Noster, I will say,

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despite all the weird vibes on X.

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Like, have you noticed that the divergence, the vibes divergence has gotten greater and greater, like up until this point?

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Or is that just me noticing that?

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No, it's, uh, it's very palpable, tangible, noticeable, if you will.

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And that's, and that's, uh, another part of the reason why when we live stream to all these platforms is like, we like to focus on the Noster live chat because it's higher quality.

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And we have our, our ride or dies are in there.

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We have people that have been listening to the show for eight years, and we've developed at RHR this sort of like little community.

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So it's like they're not only talking to us, they're talking to each other.

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And over the years, they've known to transition to the Nostra live chat.

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And I think comparing it to like podcasting 2.0, which is wonderful, it's been great.

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And we see this with streamer culture outside of Bitcoin.

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The zaps flow much heavier in the live chat than they do.

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in the post-recording release in that medium

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because I think people feel more social pressure to interact

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and you're more likely to call out somebody like JP

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who just zapped us 21 sats.

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Thank you, JP.

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Thank you for the zap.

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That is very kind of you.

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No, it's true.

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I mean, streamer culture to me is really fascinating

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because I was, this was not something that was really on,

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I mean, it was on my radar in the sense that, like,

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I knew that it existed, but didn't know the extent of which people like, like some of these straight, like these Twitch streamers, it's mind blowing.

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Like just the audiences, these people pull consistently, like just, just kind of just like chilling, you know?

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And I wonder if so much of that, it just goes back to like, maybe there's kind of the darker side where it's like, people are just like a lot lonelier now, you know, to a certain extent.

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Like, I'm not saying that's the case for all of it, but like for a lot of it, like that, that rise of streamer culture, I feel like it, like, I don't know if it would be where it is today.

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without COVID. You know what I mean?

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Because people got so isolated during that

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period. And then this was

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one outlet where you could feel like somebody else

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was in the house with you, especially if you were

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living alone, you weren't married or whatever, didn't have

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roommates.

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I think it was a hugely

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therapeutic thing. And very much

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a net positive, I think, overall.

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Even

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with all the communist streamers out there,

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still hopefully they're a net

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positive. I don't know.

207
00:11:04,440 --> 00:11:06,480
Yeah, because it really, post-COVID,

208
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I think the streaming phenomena pre-COVID was predominantly sort of monopolized by gamers.

209
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Gaming culture specifically.

210
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It may be some political commentary as well, but post-COVID it's like everything.

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But that's like one thing.

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00:11:23,400 --> 00:11:30,180
I look at like Aiden Ross and not that I watch his stream or anything like that, but like people of that type.

213
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and it's just like, oh my gosh, I can't, to your point,

214
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believe people sit here and just watch this guy

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just sit in his room for hours on end.

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And it's something that blows my mind

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because it's like the other thing is the lifestyle

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that that streamer, that class of streamer lives

219
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is just completely hedonistic in my mind.

220
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I'm like, ah.

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Yeah.

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And there's some sort of aspect of the audience

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living vicariously through these people,

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which is an interesting social phenomenon as well,

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at least from my observation.

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That's the way I read it.

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No, I feel that.

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I think that generally we're at this period where it has very,

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I think late-stage empire vibes gets overused.

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You know what I mean?

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Because I don't think that quite captures it,

232
00:12:23,900 --> 00:12:27,020
but it's more like you've got all the hallmarks.

233
00:12:28,120 --> 00:12:32,180
of like a Weimar type situation where, you know, everybody, everybody's a gambler.

234
00:12:32,640 --> 00:12:36,500
Everybody's engaging in like highly hedonistic behavior. There's just, you know,

235
00:12:36,700 --> 00:12:39,180
general debauchery. Cause it's like, well, it may as well just live for today.

236
00:12:40,080 --> 00:12:44,000
And, and all of that comes back to the fact that like a lot of people just don't have that much

237
00:12:44,000 --> 00:12:47,880
hope. And so it's like, you're either living yourself or living vicariously in whatever way

238
00:12:47,880 --> 00:12:51,540
that actually makes you feel alive or like you're part of this present moment in time without

239
00:12:51,540 --> 00:12:54,680
actually having that much thought for the future. And I think that's one of the,

240
00:12:54,680 --> 00:12:59,900
I was doing a little podception a couple days ago.

241
00:12:59,980 --> 00:13:02,020
I was on Cedric Youngman's show, Bitcoin Matrix.

242
00:13:02,800 --> 00:13:04,360
He was asking me, what do you think the biggest difference

243
00:13:04,360 --> 00:13:06,960
between a Bitcoin family and a fiat family is?

244
00:13:07,520 --> 00:13:11,460
We had done a, Carl and I, and George McHale, and Kayla Russian,

245
00:13:11,580 --> 00:13:14,300
and a couple others had done a panel at Bitcoin Vegas

246
00:13:14,300 --> 00:13:15,880
about this general idea.

247
00:13:16,960 --> 00:13:19,080
And I essentially said, I think it comes down to time preference.

248
00:13:19,560 --> 00:13:22,740
I think it comes down to how do you think about how you,

249
00:13:22,740 --> 00:13:26,760
like you as the, you know, the, the father or you as the mother are spending your time,

250
00:13:26,760 --> 00:13:30,800
what's most important to you, but you're looking far into the future in terms of how you're

251
00:13:30,800 --> 00:13:34,600
spending that time. Like you're, you're, it's not just this instant gratification. It's become

252
00:13:34,600 --> 00:13:39,600
much more of a zoomed out, low time preference behavior. And like, I don't know what your

253
00:13:39,600 --> 00:13:43,040
thoughts on that are. I know you, I just ordered that book you posted about, uh, the book about

254
00:13:43,040 --> 00:13:58,156
legacy I got it right next to me No yeah Well you you were you were you were uh you know glowing about this book And so I was like okay this this is this is one I literally just ordered it this morning Like how do you think about that Like would you agree with that characterization of

255
00:13:58,756 --> 00:14:00,596
granted, it's a bit simplistic with fiat family

256
00:14:00,596 --> 00:14:03,316
versus Bitcoin or family, but like, just generally,

257
00:14:03,636 --> 00:14:05,756
do you think that a lot of it does come down to time preference

258
00:14:05,756 --> 00:14:08,096
and like kind of purposefulness in that regard?

259
00:14:09,096 --> 00:14:09,716
Yeah, I think so.

260
00:14:09,896 --> 00:14:12,436
I don't think, I'm happy you said that at the end there,

261
00:14:12,496 --> 00:14:14,756
because I don't think there's a clear demarcation

262
00:14:14,756 --> 00:14:16,416
between like Bitcoin and fiat family.

263
00:14:16,416 --> 00:14:24,216
because I see it in my immediate network,

264
00:14:24,396 --> 00:14:27,676
and most people in my immediate network are not Bitcoiners,

265
00:14:27,876 --> 00:14:31,776
but I came from a strong Irish Catholic family

266
00:14:31,776 --> 00:14:34,196
and we're still strong to this day,

267
00:14:34,276 --> 00:14:35,916
and I think it comes back to,

268
00:14:36,456 --> 00:14:38,356
it does have to deal with low time preference,

269
00:14:38,496 --> 00:14:43,236
but it is really anchored in this idea of family,

270
00:14:43,516 --> 00:14:44,816
specifically nuclear family,

271
00:14:44,816 --> 00:14:46,556
and most importantly, and then extended family.

272
00:14:47,376 --> 00:14:50,916
Beyond that, time preference is sort of just embedded

273
00:14:50,916 --> 00:14:55,376
to the nature of those family dynamics if you care about them

274
00:14:55,376 --> 00:14:58,616
because the nuclear family, my wife, our three boys, it's like, okay,

275
00:14:59,416 --> 00:15:01,236
I want to make sure they're upstanding, they're polite,

276
00:15:01,396 --> 00:15:05,716
they are ambitious and aren't afraid to take risks.

277
00:15:06,716 --> 00:15:10,416
Then we get together, my extended family, my cousins, my aunts, my uncles,

278
00:15:10,416 --> 00:15:22,556
My in-laws, both brother and sister-in-law, mother and father-in-law, and together we're collectively trying to instill these values within our children.

279
00:15:22,836 --> 00:15:24,716
Most importantly, like, hey, family is important.

280
00:15:24,956 --> 00:15:25,916
You've got to spend time with them.

281
00:15:26,036 --> 00:15:31,936
So I think it's not explicit in the sense of like, hey, this is a long-term project.

282
00:15:32,216 --> 00:15:35,096
But I think it's implied like, hey, family is important.

283
00:15:35,316 --> 00:15:35,956
Family is forever.

284
00:15:36,256 --> 00:15:37,856
And you've got to focus on this.

285
00:15:37,856 --> 00:15:58,856
And so I think in our modern times, particularly with the hollowing out of the manufacturing base and the digitization of the world and ease of which you can move, like I got up and left Philadelphia when I was 17 and just moved back 16 years later.

286
00:16:00,216 --> 00:16:07,716
It makes anchoring in family values much harder, particularly extended family values.

287
00:16:07,856 --> 00:16:12,036
Um, and I think that's a product.

288
00:16:12,136 --> 00:16:17,216
I mean, the hollowing out and the manufacturing base sort of forced people in certain localities

289
00:16:17,216 --> 00:16:22,996
to move to big metropolitan cities to, to get tech or finance jobs so that they can actually

290
00:16:22,996 --> 00:16:28,376
try to make money to, to escape and climb the economic ladder.

291
00:16:28,376 --> 00:16:33,276
And so I think that had a corrosive force to family values because you're physically

292
00:16:33,276 --> 00:16:37,316
forced to uproot yourself and move away from, from your family.

293
00:16:37,316 --> 00:16:48,356
But that's what I think it comes back to is really having a focus on family and being intent on wanting to foster a strong family.

294
00:16:49,696 --> 00:16:53,776
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325
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Now, back to the show.

326
00:20:20,936 --> 00:20:21,716
No, I think that's true.

327
00:20:21,756 --> 00:20:31,476
And I think it's such an important point that's often lost about just the geographical realities of like what that hollowing out of the manufacturing base did.

328
00:20:32,176 --> 00:20:37,836
And it's one of those things where like it's really sad because that's a very difficult thing to reverse.

329
00:20:37,836 --> 00:20:42,536
I think there's actually a lot more potential to reverse it now thanks to remote work.

330
00:20:42,776 --> 00:20:52,676
Granted, not everyone's a remote worker, but I think that that's, you know, again, you know, one of the kind of silver linings of COVID is that it normalized much more remote work culture.

331
00:20:52,996 --> 00:20:56,916
Right. And just the tooling around remote work got a lot better, obviously.

332
00:20:57,916 --> 00:21:02,036
You know, I think just a lot of it was making it just a very normal thing that people had.

333
00:21:02,096 --> 00:21:05,996
You had to do it. So, of course, it became very normal, not for everyone, but for a lot of people.

334
00:21:05,996 --> 00:21:10,056
If you work with your hands more physically, you need to be there, right?

335
00:21:10,496 --> 00:21:14,636
But I think that it is a beneficial thing that people are now able to kind of work from wherever.

336
00:21:14,816 --> 00:21:19,276
But then that makes them, they still have to make the conscious decision to say, okay, I can work from wherever.

337
00:21:19,916 --> 00:21:24,576
Do I want to move back to where my family is clustered, like my closest family?

338
00:21:25,216 --> 00:21:29,936
Or do I want to move somewhere that's sunshiny and tropical and work from there?

339
00:21:29,996 --> 00:21:31,396
Do I want to do the digital nomad life?

340
00:21:31,396 --> 00:21:34,336
I think that also depends on what stage in your life you're at.

341
00:21:34,336 --> 00:21:37,876
But like, you know, for for Carla and I, that was something that was super important.

342
00:21:37,876 --> 00:21:41,016
It was like, OK, we can, you know, we're looking at living out in Vegas for a little while.

343
00:21:41,016 --> 00:21:44,436
And then we were kind of like, yeah, OK, Vegas is Vegas is sweet.

344
00:21:44,496 --> 00:21:47,056
It's not the strip side of things like we like the nature around it.

345
00:21:47,156 --> 00:21:49,036
I don't like the lack of trees or the lack of water.

346
00:21:49,036 --> 00:21:51,176
But like that can be that can be forgiven.

347
00:21:51,316 --> 00:21:52,536
You know, anything's possible in Vegas.

348
00:21:52,536 --> 00:21:54,636
But then we just decided like, well, what are we doing?

349
00:21:54,696 --> 00:21:58,736
Like we're, you know, got got got pregnant out in Vegas.

350
00:21:58,736 --> 00:22:01,436
And so then we were like everything became very clear in a second.

351
00:22:01,436 --> 00:22:05,636
And it was like, nope, nope, we're going to be as close to family as we can possibly be.

352
00:22:05,716 --> 00:22:07,836
Because, like, that's ultimately what we want.

353
00:22:08,016 --> 00:22:09,916
We want the grandparents to be around.

354
00:22:10,016 --> 00:22:12,276
We want our sisters, you know, to be around.

355
00:22:12,476 --> 00:22:14,036
Like, that's important to us.

356
00:22:14,036 --> 00:22:25,316
And maybe it's not for everyone, but I think that that's how you kind of get back to, like, that's part of the fabric of America is strong families and being able to build a legacy over generations.

357
00:22:25,316 --> 00:22:27,256
Like, that's why we're all here today.

358
00:22:27,256 --> 00:22:31,116
And I think that's kind of somehow gotten demonized or lost a little bit.

359
00:22:31,216 --> 00:22:33,216
Or, you know, that's a right wing talking point.

360
00:22:33,356 --> 00:22:38,316
You know, having fit, stable families is a, you know, clearly a far right dog whistle.

361
00:22:38,496 --> 00:22:39,596
You know, I don't know.

362
00:22:39,676 --> 00:22:46,016
It's crazy that we've gotten to this place, Marty, where just healthy behaviors and habits are, you know,

363
00:22:46,036 --> 00:22:51,256
and like taking care of people you care about before you take care of anyone else is viewed as like a far right mentality.

364
00:22:51,256 --> 00:22:53,076
It's fucking insane, frankly.

365
00:22:53,076 --> 00:22:58,616
It's literally how human civilization and modern civilization was built slowly but surely over time.

366
00:22:59,036 --> 00:22:59,556
But not to your point.

367
00:22:59,696 --> 00:23:04,576
I mean, we had – we wanted to move back to the Philly area where we're both originally from.

368
00:23:05,596 --> 00:23:09,896
After our first child was born, he was born right before – right in the midst of COVID.

369
00:23:11,476 --> 00:23:14,216
And we planned on moving back.

370
00:23:14,276 --> 00:23:21,016
We actually left Brooklyn and lived at the Jersey Shore for what we thought was going to be two weeks to flatten the curve.

371
00:23:21,016 --> 00:23:23,176
if it turned into 18 months.

372
00:23:23,396 --> 00:23:27,036
And we were pretty dead set on moving back to Philly.

373
00:23:27,276 --> 00:23:31,656
But at the time, the vaccine mandates and the passports were a pretty big thing.

374
00:23:31,776 --> 00:23:33,076
And for both of us, you're like,

375
00:23:33,156 --> 00:23:37,156
we're not going to thrust our young child into that environment.

376
00:23:37,156 --> 00:23:40,096
So we went to Texas and had our second child down there,

377
00:23:40,316 --> 00:23:42,156
and then she became pregnant with our third.

378
00:23:42,576 --> 00:23:46,856
And obviously things are in a much better spot than they were in 2021.

379
00:23:46,856 --> 00:23:55,436
and it was just despite all the incredible things going on in our industry in austin um but for me

380
00:23:55,436 --> 00:24:02,716
and the tft with my tftc hat on and then even with the 1031 hat like austin is a great city to be in

381
00:24:02,716 --> 00:24:10,876
and incredible place to to raise a family but for us that sort of familial draw that gravity was

382
00:24:10,876 --> 00:24:11,876
uh,

383
00:24:12,556 --> 00:24:13,196
inignorable.

384
00:24:13,596 --> 00:24:14,456
It couldn't be ignored.

385
00:24:14,756 --> 00:24:18,296
And we both agreed independently,

386
00:24:18,296 --> 00:24:18,576
like,

387
00:24:18,676 --> 00:24:18,796
okay,

388
00:24:18,796 --> 00:24:19,396
let's move home.

389
00:24:19,436 --> 00:24:20,816
It's time to be with our parents,

390
00:24:20,916 --> 00:24:23,476
brothers and sisters and cousins.

391
00:24:23,576 --> 00:24:23,976
And,

392
00:24:24,076 --> 00:24:24,316
uh,

393
00:24:24,316 --> 00:24:26,016
it's been incredible so far.

394
00:24:26,056 --> 00:24:27,416
It's made our lives much easier.

395
00:24:27,576 --> 00:24:28,176
My mother-in-law,

396
00:24:28,656 --> 00:24:29,556
she lives around the corner.

397
00:24:29,736 --> 00:24:31,316
She'll come watch the baby.

398
00:24:31,496 --> 00:24:31,816
Uh,

399
00:24:31,816 --> 00:24:32,256
my mom,

400
00:24:32,416 --> 00:24:33,816
she'll be coming over tonight,

401
00:24:33,996 --> 00:24:34,596
sleeping over,

402
00:24:34,916 --> 00:24:36,456
watching the kids while we get to dinner.

403
00:24:36,656 --> 00:24:37,136
Um,

404
00:24:37,136 --> 00:24:38,136
makes it a lot easier.

405
00:24:39,136 --> 00:24:40,736
With this one simple trick,

406
00:24:40,736 --> 00:24:42,976
that's literally just been the norm for forever.

407
00:24:43,136 --> 00:24:44,716
Your life gets so much easier.

408
00:24:45,156 --> 00:24:47,316
It's like the people that you want to have

409
00:24:47,316 --> 00:24:49,576
looking after your kids too, right?

410
00:24:49,856 --> 00:24:52,336
There's nothing wrong with babysitters or whatever else.

411
00:24:52,376 --> 00:24:53,556
Everybody has different situations.

412
00:24:53,776 --> 00:24:56,436
But if you can, you'd rather have family members

413
00:24:56,436 --> 00:24:59,716
looking after your kids at any given time.

414
00:24:59,916 --> 00:25:01,956
Those are the people you want them to spend the most time with.

415
00:25:02,096 --> 00:25:04,256
So it's quite a life hack,

416
00:25:04,316 --> 00:25:08,156
but it turns out it's just the way we've always done things.

417
00:25:08,156 --> 00:25:14,096
It's only recent, like, there's this kind of, like, aberration a little bit in the last, you know, 75 years or whatever.

418
00:25:14,836 --> 00:25:18,956
Where that stopped, you know, 50 years, you could probably trace a lot of it to fiat, I'm sure.

419
00:25:19,096 --> 00:25:23,336
And the fact that even just at the most basic level, both parents are working.

420
00:25:23,536 --> 00:25:32,476
So you're paying for somebody else to raise your child while you go out to be a tax slave and spend all the money that one of the parents is making to pay.

421
00:25:32,476 --> 00:25:43,056
Like I have friends who are, you know, live in the city and it's like they both work and that's all good, you know, but like they have to pay like basically college tuition for child care.

422
00:25:43,276 --> 00:25:48,856
And it's like after taxes, like one of you is just like a like you're just breaking even there.

423
00:25:48,916 --> 00:25:51,796
Like, what's the point? Why not just have one stay home?

424
00:25:51,936 --> 00:25:54,236
Like and then you're in a lower tax bracket.

425
00:25:54,236 --> 00:25:56,936
Also, your net income is actually the same.

426
00:25:57,236 --> 00:25:58,816
And you spend more time with your kid.

427
00:25:58,816 --> 00:26:02,816
Like to me, this is just like a no brainer, but it's just people have been conditioned, I think.

428
00:26:03,016 --> 00:26:08,716
Well, not only is it a no brainer, but I think it's a no brainer to stay home.

429
00:26:08,716 --> 00:26:24,576
But the other side of that coin is if you have a two income family, both parents are out and you see in the videos like the moms who are like holding their baby for the last time before before the maternity leave ends and they're crying, like have to go back to work.

430
00:26:24,576 --> 00:26:26,796
Don't want to. I don't want this to end.

431
00:26:26,796 --> 00:26:28,576
It doesn't have to end.

432
00:26:28,656 --> 00:26:29,576
You have to make a hard decision.

433
00:26:29,736 --> 00:26:31,936
But then when it does end, they go back to work.

434
00:26:32,096 --> 00:26:39,956
That has sort of effects on the child-parent relation that matriculate throughout time

435
00:26:39,956 --> 00:26:47,416
and then sort of exacerbate this whole family formation problem that we're describing right now.

436
00:26:47,416 --> 00:26:52,196
And so like, I wouldn't be surprised if that practice, which became more popularized post

437
00:26:52,196 --> 00:27:00,596
1971, um, has led to this fall in family formation because the children of that era are basically

438
00:27:00,596 --> 00:27:02,596
saying like, uh, my childhood wasn't that great.

439
00:27:02,636 --> 00:27:07,436
I'll have a great relationship with my parents or at least not as good as I would hope it

440
00:27:07,436 --> 00:27:07,856
to be.

441
00:27:07,896 --> 00:27:12,116
And why would I try to continue that, that trend with a family of my own?

442
00:27:12,116 --> 00:27:18,416
it's i'm the older i get the more grateful i am to my parents for homeschooling me

443
00:27:18,416 --> 00:27:24,176
like i i become i was not always as grateful as i should have been at the time but like that such

444
00:27:24,176 --> 00:27:29,536
as youth you know but the older i get the more i'm like wow and i tell them this every time i think

445
00:27:29,536 --> 00:27:33,796
of it i'm like thank you guys so much for that that that meant a lot and i think it made a huge

446
00:27:33,796 --> 00:27:37,596
difference i'm like i'm not a total freak you know like you know for it turns out you can homeschool

447
00:27:37,596 --> 00:27:53,132
your kids and all of the misinformation that out there is just that it misinformation about what the effects of homeschooling are Trust me it is very possible to be a well functioning member of society in the good way

448
00:27:53,192 --> 00:27:54,472
not like in the sheep way.

449
00:27:55,052 --> 00:27:56,512
Can I ask if it's not too personal?

450
00:27:56,592 --> 00:27:58,392
Are you guys thinking of homeschooling

451
00:27:58,392 --> 00:28:00,112
or are you looking at other options?

452
00:28:00,712 --> 00:28:02,652
We are not.

453
00:28:02,892 --> 00:28:06,572
I think the idea of it for us is great,

454
00:28:06,572 --> 00:28:12,412
but the implementation I think is, uh, is not, um, is not,

455
00:28:12,512 --> 00:28:17,452
it's not conducive for, um, for us personally. Um, so we,

456
00:28:17,492 --> 00:28:21,572
we decided we both grew up going to Catholic. So like faith is really important to us.

457
00:28:21,692 --> 00:28:25,252
And so I would say that's a huge distinction from public school.

458
00:28:25,252 --> 00:28:29,232
Yeah. So like, like when I'm, I'm contrasting homeschooling with public school,

459
00:28:29,232 --> 00:28:33,152
there's a very big difference there with between a private,

460
00:28:33,152 --> 00:28:36,372
like faith based school in my opinion. Yeah.

461
00:28:36,372 --> 00:28:43,252
No, and that's like – so I went to public school all the way up until high school and then went to a Catholic all-guys school.

462
00:28:43,392 --> 00:28:45,072
My wife went to a Catholic all-girls school.

463
00:28:45,172 --> 00:28:47,732
She went to Catholic school her whole life.

464
00:28:48,452 --> 00:28:53,012
That's something we trust, believe in, and the school is right around the corner.

465
00:28:53,712 --> 00:28:56,712
It's Montessori-based up until first grade.

466
00:28:57,232 --> 00:29:06,352
So I went to Montessori school before grade school, and I think that has had long-lasting impact on the way I approach the world and learning new things.

467
00:29:06,372 --> 00:29:09,372
And that's the school.

468
00:29:10,332 --> 00:29:11,552
Again, moving home to family.

469
00:29:12,712 --> 00:29:14,632
Some of the kids' cousins go to the school.

470
00:29:16,012 --> 00:29:17,972
Family friends that we've known forever.

471
00:29:18,272 --> 00:29:26,472
Like one of my wife's, one of the guys in her friend group who was really close with some of my cousins.

472
00:29:26,752 --> 00:29:27,832
Like his daughters go there.

473
00:29:28,032 --> 00:29:29,652
And so we know the parents.

474
00:29:29,812 --> 00:29:30,372
We know the community.

475
00:29:31,012 --> 00:29:33,332
And it's a good education too at the end of the day.

476
00:29:33,332 --> 00:29:36,332
I think that's huge.

477
00:29:36,332 --> 00:29:42,552
I actually went to public school during high school after being homeschooled until 8th grade

478
00:29:42,552 --> 00:29:46,192
and was worried that I was going to be behind and be stupid.

479
00:29:46,832 --> 00:29:48,092
My parents are English majors.

480
00:29:48,232 --> 00:29:49,032
What if they screw this up?

481
00:29:49,792 --> 00:29:52,432
I ended up graduating number one in high school.

482
00:29:52,532 --> 00:29:53,472
It turns out I wasn't stupid.

483
00:29:53,632 --> 00:29:57,932
It turns out that the public school system, again, totally public,

484
00:29:58,132 --> 00:30:02,152
was not catering towards the highest achievers, it turns out.

485
00:30:02,152 --> 00:30:08,112
But we did a lot of, we did some Montessori schooling earlier as well.

486
00:30:08,872 --> 00:30:14,552
And then co-founded a charter school with a group of other, like, eight, ten other families.

487
00:30:14,832 --> 00:30:16,652
Because you can just do things like that.

488
00:30:16,692 --> 00:30:22,972
Unless you live in Germany where not being in public school is illegal since the Hitler era.

489
00:30:23,192 --> 00:30:27,332
But hey, I never get this about, like, Germany is such a strange beast to me.

490
00:30:27,332 --> 00:30:39,612
Because it's like you get rid of every last vestige of Hitler except for kind of this super fundamental thing, which is mandatory public schooling, which is also just like this neo-Prussian tradition that's been carried.

491
00:30:39,712 --> 00:30:41,172
Like, I don't know.

492
00:30:41,552 --> 00:30:42,632
Germany's a strange beast.

493
00:30:42,932 --> 00:30:56,632
You're trying to get away from the Third Reich indoctrination, but you're keeping the infrastructure that ceded the indoctrination in place.

494
00:30:56,632 --> 00:30:57,412
It doesn't make sense.

495
00:30:57,992 --> 00:30:58,892
It doesn't.

496
00:30:58,992 --> 00:30:59,912
It doesn't.

497
00:30:59,992 --> 00:31:04,052
You know, I could talk about family all day,

498
00:31:04,092 --> 00:31:05,672
and I think we may circle back to this,

499
00:31:05,752 --> 00:31:08,752
but I do want to dive into a couple other tangents with you,

500
00:31:08,832 --> 00:31:09,912
if you're game.

501
00:31:10,092 --> 00:31:11,712
Because one of the reasons I like you, Marty,

502
00:31:11,732 --> 00:31:16,212
is I think you always have a very pragmatic approach to things.

503
00:31:16,432 --> 00:31:17,772
Like you are, you know,

504
00:31:17,852 --> 00:31:20,752
you're very principled about the way that you look at things.

505
00:31:21,452 --> 00:31:22,452
And I like that,

506
00:31:22,692 --> 00:31:25,712
because there's a lot of flimflammery out there these days.

507
00:31:25,712 --> 00:31:29,292
And there's a great episode you did.

508
00:31:29,492 --> 00:31:33,952
I forget if it was with Danny or if it was when Peter was still doing what Bitcoin did, but it was a white pill episode.

509
00:31:34,632 --> 00:31:40,872
And I want to kind of generally talk today about black pills and white pills that you see, let's say.

510
00:31:40,992 --> 00:31:46,752
Or, you know, put another way, you know, bearish things that you're bearish on in society, things that you're bullish on in society.

511
00:31:46,752 --> 00:31:49,252
and I guess right now I'd be curious

512
00:31:49,252 --> 00:31:51,212
what do you think is the

513
00:31:51,212 --> 00:31:53,592
what's the biggest non-Bitcoin

514
00:31:53,592 --> 00:31:55,352
topic or

515
00:31:55,352 --> 00:31:57,352
theme that you're kind of tracking

516
00:31:57,352 --> 00:31:59,312
right? Maybe it's Bitcoin tangential but

517
00:31:59,312 --> 00:32:01,212
something outside of just direct

518
00:32:01,212 --> 00:32:03,652
Bitcoin exposure

519
00:32:03,652 --> 00:32:04,152
let's say

520
00:32:04,152 --> 00:32:06,492
No, you're talking

521
00:32:06,492 --> 00:32:09,352
you alluded to it before we hit record but I think that's

522
00:32:09,352 --> 00:32:11,652
what's happening in America right now

523
00:32:11,652 --> 00:32:13,032
politically, socially

524
00:32:13,032 --> 00:32:14,912
economically

525
00:32:14,912 --> 00:32:29,912
I think it's the most important thing going on right now because I think – I mean, if you ask me, I think we've been subjected to an attempted color revolution in this country for many decades now.

526
00:32:31,192 --> 00:32:38,912
And part of that has been the mass migration, mass immigration, illegal immigration under the Biden administration.

527
00:32:38,912 --> 00:32:44,152
administration. So I think this whole Overton window shift that we're experiencing in terms of

528
00:32:44,152 --> 00:32:48,612
just the whole question, like, what is America? What does it mean to be an American?

529
00:32:50,332 --> 00:32:57,532
What do we want this country to look like? What are the criteria by which we sort of determine

530
00:32:57,532 --> 00:33:08,592
who is and is not allowed in this country? It's obviously hyper-polarized, hyper-vitriolic,

531
00:33:08,912 --> 00:33:13,232
But I think it's critically important that we're having a conversation.

532
00:33:13,232 --> 00:33:19,752
So the black pill, I guess, on this theme is that we've gotten to this point.

533
00:33:19,752 --> 00:33:25,532
And for the longest time, it was completely taboo to even approach these discussions.

534
00:33:25,532 --> 00:33:37,312
We're considered a racist, xenophobic bigot to sort of highlight like, hey, maybe we shouldn't just be importing

535
00:33:37,312 --> 00:33:44,232
all these immigrants without some sort of test of whether or not they're going to naturalize or

536
00:33:44,232 --> 00:33:49,412
contribute to society. More importantly, the white pill is that the overtake window has shifted.

537
00:33:50,212 --> 00:33:54,392
The conversation is happening. Again, it's vitriolic and hyper-polarized, but I think

538
00:33:54,392 --> 00:34:02,912
to solve a problem, the cliche phrase is you need to know it exists in the first place. And so I

539
00:34:02,912 --> 00:34:07,932
I think the problem has been sort of dragged out into the spotlight,

540
00:34:08,212 --> 00:34:09,272
and I think that's a good thing.

541
00:34:09,672 --> 00:34:11,332
And it is a hard conversation.

542
00:34:11,512 --> 00:34:14,412
It's not comfortable for a lot of people to approach,

543
00:34:14,492 --> 00:34:20,572
but I think it's critically important if we want to ensure that the United States

544
00:34:20,572 --> 00:34:26,272
and the West more broadly can actually continue to be this beacon of sort of liberal

545
00:34:26,272 --> 00:34:30,732
in the classical sense ideals and principles.

546
00:34:32,912 --> 00:34:45,132
No, I think that, I mean, talk about like Overton window shift, like, I'm assuming you saw that last video that Trump or was posted about Trump where he's going off about Somalis, right?

547
00:34:45,132 --> 00:34:55,232
And this was like, you could just, you could see it in his, it wasn't like the normal, it wasn't Trump, you know, grants, the Trump grandstanding, it wasn't Trump behind the podium.

548
00:34:55,512 --> 00:34:59,652
It was Trump just being like, just like, I'm sick and fucking tired of this.

549
00:34:59,752 --> 00:35:02,212
Like, why, why are we not, why are we not saying this out loud?

550
00:35:02,212 --> 00:35:08,392
And that's the thing. Carla is an immigrant to the U.S.

551
00:35:08,412 --> 00:35:10,072
It took her 13 years to become a citizen.

552
00:35:10,572 --> 00:35:15,252
Her dad was a communist defector. Her mom came over with her after the fall.

553
00:35:16,792 --> 00:35:22,192
And so I am surrounded constantly by immigrants to the United States

554
00:35:22,192 --> 00:35:27,592
who have been here for many, many decades, who have paid ungodly amounts in taxes,

555
00:35:27,592 --> 00:35:32,412
who have built multiple businesses, who very much,

556
00:35:32,672 --> 00:35:37,872
and I think anybody who is either an immigrant of this regard

557
00:35:37,872 --> 00:35:41,992
or knows immigrants like this will know that you talk to them,

558
00:35:42,032 --> 00:35:46,592
and they're like, yeah, I think the current immigration policy is insane.

559
00:35:46,892 --> 00:35:50,772
It's insane that it's so easy for, it was really hard for us to come over.

560
00:35:51,492 --> 00:35:55,532
And even as a communist defector,

561
00:35:55,532 --> 00:36:03,912
Like, you know, you were like polygraphed for days on end to get into the country to make sure you weren't, you know, weren't somehow working for the KGB, the security.

562
00:36:04,772 --> 00:36:07,272
Like, it's just insane.

563
00:36:07,472 --> 00:36:17,692
I think this this is going to be looked back on as this really like like America lost its mind a little bit, period, where it was just an open flood, especially across the southern border.

564
00:36:17,692 --> 00:36:24,392
But not only that, you know, and it's not like everybody always comes back with this like, well, immigrants built this country.

565
00:36:24,392 --> 00:36:32,632
It's like, correct, you know, yes, yes, but that doesn't mean that we should have stupid immigration policies.

566
00:36:33,212 --> 00:36:39,192
You know, that's not like a, and all those immigrants assimilated.

567
00:36:39,432 --> 00:36:43,592
I think that that's the piece that people really, like, really need to wrap their heads around,

568
00:36:43,652 --> 00:36:46,012
is that, like, this isn't about whether you're an immigrant.

569
00:36:46,152 --> 00:36:49,732
It's about whether you assimilate and actually internalize American values

570
00:36:49,732 --> 00:36:54,432
and love America and are grateful for the opportunities that America has provided you to.

571
00:36:54,552 --> 00:36:56,352
We're both lucky enough to have been born here, right?

572
00:36:56,412 --> 00:36:58,812
And that is a huge bit of luck.

573
00:36:59,012 --> 00:37:02,712
Like we just happened to pop down into existence here in America.

574
00:37:02,892 --> 00:37:05,292
I'm so grateful that I did.

575
00:37:06,332 --> 00:37:09,912
But like if you're born somewhere else and you want to come to America, that's fantastic.

576
00:37:10,272 --> 00:37:10,972
I can see why.

577
00:37:11,072 --> 00:37:11,892
America is amazing.

578
00:37:12,092 --> 00:37:13,192
It's the greatest country in the world.

579
00:37:13,752 --> 00:37:15,172
But you should treat it like that.

580
00:37:15,892 --> 00:37:18,512
And I don't think that that should be a controversial thing to say.

581
00:37:18,512 --> 00:37:23,552
like that and but but it's become one and i think that's where like now the kind of the gloves are

582
00:37:23,552 --> 00:37:29,172
off a little bit and i've just seen more and more sentiment that's like no like why why are you

583
00:37:29,172 --> 00:37:33,932
acting like america is somehow this tyrannical place to live like you you came here for a reason

584
00:37:33,932 --> 00:37:38,812
you should remember that i i don't know it's crazy to me that we got this far though marty like

585
00:37:38,812 --> 00:37:44,792
i i don't know the pendulum feels like it's swinging back it definitely is and we got this

586
00:37:44,792 --> 00:37:46,672
far because we were browbeaten

587
00:37:46,672 --> 00:37:48,612
into, again,

588
00:37:48,972 --> 00:37:50,172
these topics becoming

589
00:37:50,172 --> 00:37:52,652
taboo and unapproachable.

590
00:37:52,792 --> 00:37:54,912
And again, you're a xenophobic, racist

591
00:37:54,912 --> 00:37:57,032
bigot if you express

592
00:37:57,032 --> 00:37:58,212
these. But I think the

593
00:37:58,212 --> 00:38:00,772
whatever you want to call it, the woke mind virus

594
00:38:00,772 --> 00:38:02,672
sort of DEI

595
00:38:02,672 --> 00:38:03,392
mentality

596
00:38:03,392 --> 00:38:04,632
of

597
00:38:04,632 --> 00:38:08,612
communist, Marxist

598
00:38:08,612 --> 00:38:10,752
indoctrination got to a point where

599
00:38:10,752 --> 00:38:12,392
it's like, you can't

600
00:38:12,392 --> 00:38:17,052
you can't tell me not to believe my lying eyes. Like I see this is happening and

601
00:38:17,052 --> 00:38:22,132
I'm mad as hell. I'm not going to put up with it anymore. And I think the economic sort of

602
00:38:22,132 --> 00:38:27,792
pressures that have emerged in recent decades have sort of forced the issue. And again, to your

603
00:38:27,792 --> 00:38:35,512
point, like, that's what makes this conversation so hard to have. And it's because it's incredibly

604
00:38:35,512 --> 00:38:40,072
unfortunate that it even needs to be had because this was completely avoidable if you had sensible

605
00:38:40,072 --> 00:38:44,632
or if you, I think we did have sensible immigration laws.

606
00:38:44,732 --> 00:38:45,792
They just weren't being enforced,

607
00:38:45,972 --> 00:38:47,712
particularly under the Biden administration.

608
00:38:47,992 --> 00:38:50,712
A lot of people are browbeating

609
00:38:50,712 --> 00:38:52,792
and yelling at people calling this out and saying,

610
00:38:52,852 --> 00:38:53,592
hey, I don't like this.

611
00:38:53,652 --> 00:38:55,152
I think it needs to change and saying,

612
00:38:55,212 --> 00:38:56,212
oh, you're racist bigot.

613
00:38:56,212 --> 00:38:58,492
Like you're creating this problem.

614
00:38:59,112 --> 00:39:03,372
You're rounding people up in nice vans

615
00:39:03,372 --> 00:39:04,712
and sending them off to El Salvador

616
00:39:04,712 --> 00:39:07,492
and making you seem like the bad guy.

617
00:39:07,492 --> 00:39:11,052
Well, it's like, well, I would prefer not to do this.

618
00:39:11,132 --> 00:39:24,952
And the reason we have to do this is because we had some crazy people in charge, particularly Joe Biden, but more specifically Alexander Mayorkas and his ilk that really forced this issue.

619
00:39:24,952 --> 00:39:28,192
And you can't be mad at people for trying to fix the problem.

620
00:39:28,192 --> 00:39:37,992
And yes, the solutions may be a bit abrasive and aggressive, but it's not the fault of the people trying to fix the problem.

621
00:39:38,392 --> 00:39:40,232
It's the people created it in the first place.

622
00:39:40,552 --> 00:39:48,752
And again, I think people need to – I know it's very hard, but try to approach this in an unemotional way and just look at the numbers.

623
00:39:48,752 --> 00:39:58,752
I mean, I think the fraud that has been laid bare in the last few weeks, particularly from the Somali community in Minnesota, is undeniable.

624
00:39:59,492 --> 00:40:00,972
Can you look at that and say this is okay?

625
00:40:01,192 --> 00:40:03,332
Like these people deserve to be here.

626
00:40:04,552 --> 00:40:12,152
They're a net negative in terms of their overall contribution to the economy and the tax system.

627
00:40:12,372 --> 00:40:16,592
Like they're a literal drain on it at a time when we're $38 trillion in debt.

628
00:40:16,592 --> 00:40:39,572
So you have the sort of law and order aspect of it, of, hey, we're in a country, we're paying taxes, and sort of the explicit contract with the agreement that we have with the state, when we pay taxes, it's like, hey, we're the union of states, you're the federal government, and we're going to pay you these taxes to enforce the rule of law.

629
00:40:39,572 --> 00:40:53,552
And that's not happening anymore. And so like when you get to that point, that's where things get really scary because you can have this sort of cascade into pure chaos if the rule of law isn't being enforced.

630
00:40:53,552 --> 00:41:00,272
If you have this anarcho-tyranny really take hold to a point where there's no turning back.

631
00:41:00,272 --> 00:41:20,772
So you have the rule of law aspect and you have just the economic reality of it is like we literally don't have the capacity to continue subsidizing these people who seem not only unwilling to contribute in a productive way.

632
00:41:20,772 --> 00:41:29,192
A lot of them aren't not only not willing, but unfortunately not able to either.

633
00:41:29,192 --> 00:41:42,168
and then you just exacerbate the problem It like not only are they not willing and many of them not able but they actively just stealing from the system that everybody else is paying into It like this cannot persist

634
00:41:44,408 --> 00:41:52,448
It's really like this Minnesota thing is just insane because I think it's it's so it's so obviously bad.

635
00:41:52,828 --> 00:41:55,668
There's just there's no way that a reasonable person can spin this.

636
00:41:55,668 --> 00:42:03,668
And I mean, I saw Ilhan Omar tried to be like, well, it's it's really just because these systems were not set up properly.

637
00:42:03,668 --> 00:42:11,988
And so that's what it's like. But people but people were the ones who on mass exploited these systems.

638
00:42:12,188 --> 00:42:15,568
Right. Yeah. And it's a certain group of people that were doing so.

639
00:42:15,628 --> 00:42:20,488
Like, you can't try to say, like, OK, yeah, the programs were not good to begin with.

640
00:42:20,728 --> 00:42:23,008
That doesn't that's not an excuse.

641
00:42:23,008 --> 00:42:41,868
No, it's like if the programs weren't set up in the right way to begin with, you would think if you were conscious, morally driven individual, and you notice that instead of exploiting it, you would maybe go like, hey, if you don't fix this, there's a way that people could drain funds from this.

642
00:42:41,868 --> 00:42:45,648
And if you don't have accountability, there's a way that they can get away with it for a while.

643
00:42:45,648 --> 00:42:52,068
that's what I would like. Uh, that's an upstanding American in my mind is somebody who notices,

644
00:42:52,068 --> 00:42:57,628
um, the potential for fraud, waste and abuse and calls it out and says, Hey, we should fix this.

645
00:42:57,628 --> 00:43:05,208
Their, their first impulse isn't, Hey, let's exploit this to the nth degree. Um, and that's

646
00:43:05,208 --> 00:43:12,828
only the tip of the iceberg. I saw, um, man on, or I saw a woman on Tik TOK talking about this

647
00:43:12,828 --> 00:43:19,668
similar situation happening in Columbus, Ohio, um, with another small, and I'm not trying to pick

648
00:43:19,668 --> 00:43:24,568
on Somalis here. It's obviously just the, uh, the topic of the last couple of weeks with what's

649
00:43:24,568 --> 00:43:31,208
been unearthed in, um, in Minnesota specifically. But then I've seen man on the street interviews

650
00:43:31,208 --> 00:43:38,488
where, um, in Minnesota, and these are from years ago of reporters walking up to people on the

651
00:43:38,488 --> 00:43:42,868
street, Somali immigrants on the street and asking them like if they would prefer to live

652
00:43:42,868 --> 00:43:44,248
in the United States or Somalia.

653
00:43:44,988 --> 00:43:48,888
And if they would prefer the rule of law in America or Sharia law.

654
00:43:49,228 --> 00:43:55,728
And I mean, obviously it's an edited video, but there is at least a number, at least five

655
00:43:55,728 --> 00:43:59,448
or six people you interviewed that day said, I would rather live in Somalia and I'd rather

656
00:43:59,448 --> 00:44:00,668
live under Sharia law.

657
00:44:00,668 --> 00:44:09,788
And it's like that Sharia law is not compatible with the, um, the United States and our role of law, the first amendment.

658
00:44:10,748 --> 00:44:11,928
And why'd you come here then?

659
00:44:12,208 --> 00:44:13,828
Then why didn't you just stay?

660
00:44:13,948 --> 00:44:18,308
You know, like, uh, well, that's wild.

661
00:44:18,448 --> 00:44:26,908
I mean, and this goes back to the color revolution and the whole, uh, great replacement, uh, conspiracy theory, which was a conspiracy theory for the longest time.

662
00:44:26,908 --> 00:44:34,688
And now many people are becoming aware of the fact that the UN literally wrote a paper on this and distributed it over three decades ago.

663
00:44:34,688 --> 00:44:48,828
And it's like a documented sort of strategy by UN officials to sort of replace native populations and sort of just import the third world.

664
00:44:49,488 --> 00:44:55,068
And I forget where I was going with it, but it's just it's not tenable.

665
00:44:55,068 --> 00:44:56,468
it can't sustain itself.

666
00:44:56,828 --> 00:44:57,308
I mean,

667
00:44:57,308 --> 00:44:59,408
it certainly can continue to happen,

668
00:44:59,408 --> 00:45:00,068
but if it does,

669
00:45:00,108 --> 00:45:01,428
it's not going to end well for anybody.

670
00:45:02,608 --> 00:45:03,048
Yeah.

671
00:45:03,488 --> 00:45:04,088
I mean,

672
00:45:04,128 --> 00:45:04,328
the,

673
00:45:04,768 --> 00:45:06,008
another white pill out of this,

674
00:45:06,048 --> 00:45:10,008
besides the Overton window shifting to people being able to have these

675
00:45:10,008 --> 00:45:14,248
uncomfortable conversations and feeling empowered to do so is that at least

676
00:45:14,248 --> 00:45:16,148
Tim Waltz is getting called a retard.

677
00:45:18,268 --> 00:45:20,308
I think yesterday,

678
00:45:20,508 --> 00:45:22,448
I think yesterday was a top five meme day on,

679
00:45:22,548 --> 00:45:24,128
on the internet with the Tim,

680
00:45:24,128 --> 00:45:30,668
just amazing our memes oh my god i mean really it's just like you you you love to you love you

681
00:45:30,668 --> 00:45:34,828
love to see it like it's just him saying that they're driving by my house they're yelling the

682
00:45:34,828 --> 00:45:42,548
r word and it's like okay like you know uh i'm i'm not for you know harassing uh people at their

683
00:45:42,548 --> 00:45:48,288
at their homes like generally um like you know that's something that leftists typically do right

684
00:45:48,288 --> 00:45:53,508
so i'm uh i'm not usually a big fan of it but this is uh as far as a good little bit of you

685
00:45:53,508 --> 00:45:58,608
know clean clean fun i mean it's just it's just pretty funny and we should still be able to laugh

686
00:45:58,608 --> 00:46:03,648
at these things like it's hilarious and to your point there like that whole presser was complete

687
00:46:03,648 --> 00:46:09,328
projection it's yeah they're driving by my house calling me the r-word you know what that leads to

688
00:46:09,328 --> 00:46:14,188
it starts with the r-word leads with harm it's like dude your whole and i hate this because i

689
00:46:14,188 --> 00:46:20,588
hate to get seeped in sort of uh partisan politics but it is objectively true at least my observation

690
00:46:20,588 --> 00:46:27,308
is like you're the whole left really driven by the radical left has been calling trump supporters

691
00:46:27,308 --> 00:46:34,948
nazis and fascists for years and in the last 12 months that has manifested in physical harm

692
00:46:34,948 --> 00:46:42,448
multiple attempts on trump's life obviously charlie kirk was assassinated we had ice officers

693
00:46:42,448 --> 00:46:48,708
shot down in dallas a month ago a couple months ago whenever that was and it's like no like

694
00:46:48,708 --> 00:46:51,508
from my perspective, I'm obviously

695
00:46:51,508 --> 00:46:53,268
a more conservative-leaning

696
00:46:53,268 --> 00:46:54,248
individual.

697
00:46:55,688 --> 00:46:57,708
People driving by Tim Moss' house

698
00:46:57,708 --> 00:46:58,548
calling him a retard

699
00:46:58,548 --> 00:47:01,628
I think has way less of a chance of leading to

700
00:47:01,628 --> 00:47:03,788
physical harm of somebody like him

701
00:47:03,788 --> 00:47:05,788
on the left. What I truly believe

702
00:47:05,788 --> 00:47:07,728
and what I personally would like to see

703
00:47:07,728 --> 00:47:09,488
as a conservative is like

704
00:47:09,488 --> 00:47:11,608
I don't want sort of

705
00:47:11,608 --> 00:47:13,368
vigilante justice against these people.

706
00:47:13,468 --> 00:47:15,428
I want these people dragged into court

707
00:47:15,428 --> 00:47:17,528
and tried for treason and

708
00:47:17,528 --> 00:47:19,728
appropriately thrown in prison.

709
00:47:20,248 --> 00:47:23,368
I just want rule of law brought back.

710
00:47:23,368 --> 00:47:30,528
I don't think the right should begin engaging in vigilante justice like Luigi Maggioni

711
00:47:30,528 --> 00:47:38,988
or what has happened to Charlie Kirk or the ICE officers or potentially President Trump

712
00:47:38,988 --> 00:47:41,208
or fortunately not President Trump.

713
00:47:42,648 --> 00:47:45,588
But that's where I think there's a distinct difference.

714
00:47:45,588 --> 00:47:49,068
is this inability to recognize reality,

715
00:47:49,148 --> 00:47:50,988
not only that, to actively project

716
00:47:50,988 --> 00:47:55,908
sort of what you're doing on to the other, if you will,

717
00:47:56,068 --> 00:47:57,108
from this perspective,

718
00:47:57,208 --> 00:48:00,068
the left projecting what they actually do on the right.

719
00:48:01,388 --> 00:48:01,908
Yeah, it is.

720
00:48:01,988 --> 00:48:03,808
I mean, it is just very kind of rich.

721
00:48:03,808 --> 00:48:08,428
But the reason that I think that they're able to project like that

722
00:48:08,428 --> 00:48:11,548
without any semblance of self-reflection

723
00:48:11,548 --> 00:48:15,648
is because they truly believe they have the moral superiority.

724
00:48:16,588 --> 00:48:19,008
And so anything that they do is justified

725
00:48:19,008 --> 00:48:22,648
because it is the moral, good, humane thing to do.

726
00:48:22,708 --> 00:48:24,348
It is the progressive thing to do.

727
00:48:24,768 --> 00:48:26,668
It is the right thing to do.

728
00:48:27,388 --> 00:48:30,988
Anything that somebody else, even actual violence,

729
00:48:30,988 --> 00:48:35,248
not words being violence, but actual violence and murder

730
00:48:35,248 --> 00:48:38,988
against the other side, well, that can be, yes, that's bad.

731
00:48:39,028 --> 00:48:40,048
Of course we'll say it's bad.

732
00:48:40,048 --> 00:48:43,188
But, you know, they kind of had it coming because of how bigoted they were.

733
00:48:43,688 --> 00:48:52,448
And the justification loop that you see over and over again, it's like, it's not great, but at least, you know, maybe they shouldn't have been saying those things.

734
00:48:52,588 --> 00:48:57,308
You know, it's essentially like, it's a form of the argument, like, you know, a woman is assaulted.

735
00:48:57,428 --> 00:48:58,708
It's like, well, what was she wearing?

736
00:48:59,108 --> 00:49:00,928
You know, and it's like, well, no, no.

737
00:49:02,048 --> 00:49:07,308
Somebody, the person who is guilty here is the person who did the assault, not the person who was assaulted.

738
00:49:07,308 --> 00:49:11,268
Like, geez, it's just like the mental gymnastics is truly astounding.

739
00:49:11,628 --> 00:49:11,748
Yeah.

740
00:49:11,928 --> 00:49:18,548
I mean, we saw this BLM riots where like the worst case, like stay home, stay six feet

741
00:49:18,548 --> 00:49:21,968
separated, quarantine for two weeks.

742
00:49:21,968 --> 00:49:25,328
If you come into contact with anybody, not in your immediate circle, then oh, wait, just

743
00:49:25,328 --> 00:49:30,028
for this month of June, you can riot and set things on fire, but it's completely okay.

744
00:49:30,708 --> 00:49:31,468
It's insane.

745
00:49:31,948 --> 00:49:34,008
And it's this weird.

746
00:49:34,008 --> 00:49:40,068
you can tell too because there is like this layer of deception that is really insidious and nefarious

747
00:49:40,068 --> 00:49:45,128
like bring it back to minnesota like you look at the mayor he's like these are americans and like

748
00:49:45,128 --> 00:49:49,668
literally in the same press conference uh two sentences later he starts speaking in somali

749
00:49:49,668 --> 00:49:58,228
and it's like i saw that one this is like you can't like you're obviously lying to our faith

750
00:49:58,228 --> 00:50:01,768
like it's like this whole i'm gonna go back to the color revolution i think that's part of the

751
00:50:01,768 --> 00:50:07,008
tactic. It's just like gaslight, gaslight, gaslight, and you're gaslighting in the front,

752
00:50:07,068 --> 00:50:10,628
in the back. You're like waving everybody in, like, get in here. We're going to fuck this place up.

753
00:50:12,248 --> 00:50:22,788
And again, you see, like, Ilyan Omar, like, she has gone to campaign rallies for her U.S.

754
00:50:23,468 --> 00:50:27,048
representative seat and says that she's a representative of Somalia. Like,

755
00:50:27,608 --> 00:50:31,368
if you want to do that, like, okay, go do that in Somalia. It should not be

756
00:50:31,368 --> 00:50:37,988
controversial or bigoted to say, hey, that's cool and all, but this is America.

757
00:50:37,988 --> 00:50:39,468
You are a U.S. representative.

758
00:50:39,648 --> 00:50:45,688
You are supposed to represent the will and desires of the American people and your constituents,

759
00:50:45,688 --> 00:50:49,988
not some foreign nation that doesn't even have a government.

760
00:50:52,688 --> 00:50:53,828
Amen to that.

761
00:50:53,828 --> 00:51:06,808
I mean, it's again, as bad as all of some of this is, though, like, again, I am optimistic on this because the conversation is more open now and more honest and people feel empowered to speak up.

762
00:51:06,908 --> 00:51:23,288
And then I look at places like I look at Canada, I look at the UK, I look at different places in Europe where like you're very much not like you will get thrown in jail for speaking up or even for heaven forbid, posting a racist meme or retweeting a racist meme.

763
00:51:23,288 --> 00:51:28,028
like this this stuff is insane did you see the stuff that just came out uh today about the

764
00:51:28,028 --> 00:51:33,548
european commission trying to pressure x into engaging in censorship and all i mean like this

765
00:51:33,548 --> 00:51:39,648
like you know god bless america because at least we as we may have problems but at least we can

766
00:51:39,648 --> 00:51:45,488
still speak about them freely without worrying about getting tossed in jail for a wrong thing

767
00:51:45,488 --> 00:51:50,488
like i'm i'm genuinely like i'm i'm trying to you know we need like a bingo card of like which

768
00:51:50,488 --> 00:51:54,428
nation, you know, which either is it Canada, the UK, or like one of the European nations that is

769
00:51:54,428 --> 00:51:58,968
just going to completely, completely fall first because of this. Like it's, it's insane. Like

770
00:51:58,968 --> 00:52:04,588
it's just destructive. It's a destructive ideology to think that you can't allow your people to speak

771
00:52:04,588 --> 00:52:08,668
freely about things that are genuinely harming them, that they're dissatisfied with. It's the

772
00:52:08,668 --> 00:52:14,088
rise of the AFD party in Germany is a great example of this. All the, you know, the leftist

773
00:52:14,088 --> 00:52:17,868
pundits are like, we just, well, I don't know what's making everybody go for this AFD party.

774
00:52:17,868 --> 00:52:19,128
And it's like, really?

775
00:52:20,048 --> 00:52:21,968
Like, you've got no idea?

776
00:52:22,148 --> 00:52:24,308
You can't think of like one reason why?

777
00:52:24,768 --> 00:52:25,388
I don't know.

778
00:52:25,428 --> 00:52:28,228
Again, it's just like complete dislocation from reality, it seems.

779
00:52:28,648 --> 00:52:28,768
Yeah.

780
00:52:28,908 --> 00:52:33,068
Well, to your point about us being fortunate to be able to do this here in the United States,

781
00:52:33,068 --> 00:52:40,108
I would take it a step further and say that it's critically important that we exercise this fortune and really speak out.

782
00:52:40,148 --> 00:52:46,868
Because, again, I think this is America has many flaws, many of which we are discussing right now.

783
00:52:46,868 --> 00:52:58,548
But I think this is literally the last bastion of free speech, freedom, free markets and sort of advancing Western society in the world right now.

784
00:52:58,548 --> 00:53:14,248
And it is of critical importance that people like yourself, myself, others out there who recognize this and maybe self-censored in the past because they're worried about the social and political blowback that may come with it to speak up.

785
00:53:14,248 --> 00:53:20,328
because there's also a short window here where if we don't get loud enough

786
00:53:20,328 --> 00:53:25,768
and take enough ground that we could get the way of the UK, Germany, Canada.

787
00:53:26,288 --> 00:53:32,508
That's also a very – the probability of that timeline is way higher than zero

788
00:53:32,508 --> 00:53:35,168
if people don't speak out and action isn't taken.

789
00:53:35,388 --> 00:53:40,088
And that's why I think – and it's with the Trump administration too.

790
00:53:40,168 --> 00:53:42,368
I think hopefully they're beginning to realize it,

791
00:53:42,368 --> 00:53:55,188
But there's been, if you look at the polls, I had Mark Mitchell on TFTC from Rasmussen polling has been sort of tip of the spear of sort of trying to get the attention of the Trump administration.

792
00:53:55,188 --> 00:53:57,468
Like, hey, Gen Z millennials are not happy.

793
00:53:57,868 --> 00:53:58,908
You're not going hard enough.

794
00:53:58,908 --> 00:54:10,508
Like you really need to do something to solve these immigration issues, specifically H1B issues, particularly because you're not following through on the promises.

795
00:54:10,508 --> 00:54:13,688
and it doesn't look like midterms are going to turn out well for you.

796
00:54:14,468 --> 00:54:16,608
And if that's the case, midterms will turn out well.

797
00:54:16,708 --> 00:54:20,948
2028 doesn't turn out well, and these democratic socialists take over,

798
00:54:20,948 --> 00:54:26,948
you're going to have, we could go the way of the UK and Canada and Germany

799
00:54:26,948 --> 00:54:29,628
quite easily by the end of this decade.

800
00:54:30,128 --> 00:54:34,288
And again, I hate to get into the partisan politics of it.

801
00:54:34,788 --> 00:54:38,748
That doesn't mean we shouldn't be vigilant to what the right is trying to do too.

802
00:54:38,748 --> 00:54:41,928
So like you want to avoid the strongman fascist.

803
00:54:42,008 --> 00:54:47,048
So there is sort of a balancing act as you're trying to do all this.

804
00:54:47,048 --> 00:54:52,088
So my great hope would be this like, okay, you take action.

805
00:54:52,528 --> 00:54:56,268
You kick out all the illegal immigrants, obviously top of the list.

806
00:54:56,828 --> 00:54:59,048
And then it's going to be an even tougher conversation.

807
00:54:59,048 --> 00:55:07,748
But those who refuse to naturalize and would prefer Sharia law in the United States compared to the rule of law that this country was built on.

808
00:55:07,748 --> 00:55:13,028
And then you have the even harder conversation of, Hey, we're 38 point,

809
00:55:13,028 --> 00:55:14,708
whatever trillion dollars in debt.

810
00:55:14,828 --> 00:55:18,968
Uh, we need net producers coming into this country.

811
00:55:18,968 --> 00:55:23,768
If you're an immigrant, like we need you to actually provide value, um, and

812
00:55:23,808 --> 00:55:27,208
economic output, like you can't just be a freeloader on our welfare system.

813
00:55:27,868 --> 00:55:29,868
If that, that is.

814
00:55:29,904 --> 00:55:32,524
my great hope that it would be my ideal scenario.

815
00:55:32,524 --> 00:55:36,404
And then once that's all figured out, it's like, okay, tighten the border,

816
00:55:37,064 --> 00:55:42,684
really focus on sort of this re-industrialization and build out of the United

817
00:55:42,684 --> 00:55:47,164
States for this continued transition into the digital age.

818
00:55:48,744 --> 00:55:49,804
It's something that's interesting.

819
00:55:50,064 --> 00:55:55,484
I was listening to Dave Smith's Part of the Problem with Dave and Robbie

820
00:55:55,484 --> 00:55:56,244
the Fire Bernstein.

821
00:55:56,404 --> 00:55:58,444
For anyone who doesn't check out that podcast,

822
00:55:58,444 --> 00:56:02,984
It's a great non-Bitcoin podcast, but I would say Dave is a Bitcoiner.

823
00:56:03,544 --> 00:56:05,024
I mean, he's been at a lot of Bitcoin conferences.

824
00:56:05,224 --> 00:56:12,464
He's a super-based guy and, again, just operates from a very principled perspective on pretty much everything.

825
00:56:13,044 --> 00:56:13,904
So I enjoy that a lot.

826
00:56:13,964 --> 00:56:22,664
And he was talking about the Great Replacement, quote, conspiracy, which is now people are realizing is not such a conspiracy.

827
00:56:22,664 --> 00:56:28,944
It's like you can you can say that I'm pretty sure probably this will get a flag on YouTube because they'll see that the words great replacement were used in it.

828
00:56:29,004 --> 00:56:34,444
They'll put a flag at the bottom with a Wikipedia source showing great replacement conspiracy theory.

829
00:56:35,124 --> 00:56:38,004
Anytime I have great reset is said in a show.

830
00:56:38,084 --> 00:56:38,864
I don't know if you've noticed this.

831
00:56:38,944 --> 00:56:41,564
If you say great reset, they'll probably put a flag up here now.

832
00:56:42,284 --> 00:56:47,824
It'll put a flag on YouTube that says the great reset is just, you know, it's just a conspiracy theory.

833
00:56:47,964 --> 00:56:48,964
It's like, well, they got that.

834
00:56:49,324 --> 00:56:49,944
It's not.

835
00:56:50,064 --> 00:56:50,744
But OK, fine.

836
00:56:50,744 --> 00:57:06,704
But he was talking about immigration in the U.S. and how traditionally it's like we would have large waves of immigration and then a long period of very little immigration, which was a period of assimilation for the populations that had just come in large numbers.

837
00:57:06,704 --> 00:57:11,484
And like that assimilation was obviously like, if you know, American history was not always pleasant.

838
00:57:11,624 --> 00:57:18,604
Basically, you know, whether you were the Irish or the Italians or any group, it was not easy for you at first.

839
00:57:18,604 --> 00:57:24,064
you were not always treated great at first but you contributed to society you worked very hard

840
00:57:24,064 --> 00:57:31,224
and you you know grew uh through generations here to become like a you know uh founding part of this

841
00:57:31,224 --> 00:57:36,124
country and and this idea that now it's like no we just need to have open borders all the time and

842
00:57:36,124 --> 00:57:39,924
everybody has somehow a right to come to america which is just like like no you don't like nobody

843
00:57:39,924 --> 00:57:44,224
has a right to come to america just like i don't have a right to go to china like good luck you

844
00:57:44,224 --> 00:57:48,944
You know, you want to like overstay your visa in China and just like just see see what happens.

845
00:57:48,944 --> 00:57:59,244
And while you're there, while you're there at the at the, you know, the whim of the Chinese government, feel free to tell them how much you hate China and how China should adopt American systems.

846
00:57:59,404 --> 00:58:03,024
And just like just see how that goes, you know, in the paradise of China.

847
00:58:03,084 --> 00:58:04,184
Just just see how it goes.

848
00:58:04,244 --> 00:58:06,064
Like, it's not going to go the way you think it will.

849
00:58:06,064 --> 00:58:17,484
But I think, unfortunately, we've adopted this very overly permissive attitude about how people should view coming to America.

850
00:58:18,064 --> 00:58:22,564
And it's always been the place that people really had to strive to get to.

851
00:58:23,784 --> 00:58:34,724
And that attracted the best of the best and the biggest risk takers and the people who were a little bit crazy and who didn't like the nanny state that they grew up in and wanted to live somewhere freer.

852
00:58:34,724 --> 00:58:37,044
and now we've gotten away from that a little bit.

853
00:58:37,084 --> 00:58:39,124
So I hope that we get back to that more

854
00:58:39,124 --> 00:58:41,164
because we should be attracting the best

855
00:58:41,164 --> 00:58:42,364
and the brightest from around the world.

856
00:58:42,704 --> 00:58:45,104
We should be attracting the highest quality of people

857
00:58:45,104 --> 00:58:45,864
who want to come here

858
00:58:45,864 --> 00:58:49,624
that will actually make our country a better place

859
00:58:49,624 --> 00:58:51,644
for being in it, not a worse place.

860
00:58:51,644 --> 00:58:56,704
And I don't think that that's a race agnostic statement

861
00:58:56,704 --> 00:58:58,604
for anyone who is confused by that.

862
00:58:58,664 --> 00:59:00,344
That has nothing to do with race whatsoever.

863
00:59:00,504 --> 00:59:02,284
It has to do with the merit of people.

864
00:59:02,544 --> 00:59:04,424
And I think that that's what we need to get back to ultimately.

865
00:59:04,724 --> 00:59:09,964
And again, like I said earlier, it would be great if we were in that position now.

866
00:59:10,284 --> 00:59:15,724
And it sucks that we sort of have to have this hard line, or I would like us to have this hard line.

867
00:59:15,964 --> 00:59:18,004
We've got to freeze everything.

868
00:59:18,484 --> 00:59:19,764
Get the bad people out of here.

869
00:59:19,844 --> 00:59:22,744
Let's take some time off and get back on our feet here.

870
00:59:23,224 --> 00:59:31,224
It would be ideal to have this scenario, which you just described, where we are bringing in the best and the brightest from around the world.

871
00:59:31,224 --> 00:59:46,244
But unfortunately, the actions of the people in charge over the last few decades have put us in a terrible shot where it's like, all right, we need to reset, sort of catch our breath, get our feet under us.

872
00:59:46,404 --> 00:59:52,684
And then, OK, maybe at some point, maybe a decade from now, we can begin to like, OK, we're good.

873
00:59:52,844 --> 00:59:57,924
Let's start bringing the smartest and brightest in a regimented fashion.

874
00:59:58,044 --> 00:59:59,164
Like, I don't think there's any other way.

875
00:59:59,164 --> 01:00:00,024
I think it sucks.

876
01:00:00,024 --> 01:00:02,004
I think we have to rip the band-aid off

877
01:00:02,004 --> 01:00:04,404
and just do

878
01:00:04,404 --> 01:00:05,844
the uncomfortable

879
01:00:05,844 --> 01:00:08,304
things and to your point too

880
01:00:08,304 --> 01:00:09,964
I was illuminated this week

881
01:00:09,964 --> 01:00:11,804
I think that's a great point you brought up

882
01:00:11,804 --> 01:00:13,004
I was completely unaware

883
01:00:13,004 --> 01:00:15,944
if you overstay your visa in Singapore

884
01:00:15,944 --> 01:00:18,084
China, Russia

885
01:00:18,084 --> 01:00:20,204
any of these other countries

886
01:00:20,204 --> 01:00:22,084
you get caned first

887
01:00:22,084 --> 01:00:22,984
then you go to jail

888
01:00:22,984 --> 01:00:25,344
and some of them you do forced labor

889
01:00:25,344 --> 01:00:27,404
and only after that do you get sent back

890
01:00:27,404 --> 01:00:28,764
to where you came from

891
01:00:28,764 --> 01:00:39,484
And like comparatively, the solution that people are talking about here in the United States is more humane, if you will.

892
01:00:40,364 --> 01:00:44,004
Right now it's like we'll buy you a plane ticket home and we'll give you a thousand dollar stipend.

893
01:00:44,084 --> 01:00:46,764
And you have the option to come back here later legally.

894
01:00:47,364 --> 01:00:49,404
That's as nice as you could.

895
01:00:49,484 --> 01:00:54,544
This is under Trump's fascist border police, right?

896
01:00:54,624 --> 01:00:56,784
And we're literally being like, yeah, we'll buy you a plane ticket home.

897
01:00:56,784 --> 01:01:03,664
We'll give you a thousand US dollars and we will allow you to come back later, like in through a legal means and apply for that.

898
01:01:03,744 --> 01:01:07,304
Like that says, boy, that is still quite generous of us.

899
01:01:07,444 --> 01:01:11,724
You know, like that's that's more than most countries would would possibly give you.

900
01:01:12,184 --> 01:01:15,544
Yeah. And it's like we're getting deep down this rabbit hole.

901
01:01:15,544 --> 01:01:18,784
But again, go anchoring back to the first part of discussions, like why?

902
01:01:19,444 --> 01:01:23,024
Why feel? I mean, I tweeted out last night.

903
01:01:23,024 --> 01:01:27,404
this is what I voted for a video of one of the drug cartel boats getting

904
01:01:27,404 --> 01:01:27,804
bombed.

905
01:01:27,804 --> 01:01:29,964
And I knew it was going to be spicy and there's gonna be a lot of vitriol,

906
01:01:30,064 --> 01:01:30,604
but it's like,

907
01:01:31,064 --> 01:01:34,144
I thought it was like the perfect microcosm of like this whole problem.

908
01:01:34,144 --> 01:01:34,564
It's like,

909
01:01:34,644 --> 01:01:34,844
Oh,

910
01:01:34,944 --> 01:01:36,284
we didn't declare war.

911
01:01:37,164 --> 01:01:38,044
And like,

912
01:01:38,044 --> 01:01:39,964
we can't just be bombing people indiscriminately,

913
01:01:40,064 --> 01:01:40,644
which agree.

914
01:01:40,764 --> 01:01:42,404
Like I'm not a war monger,

915
01:01:42,584 --> 01:01:42,964
but like,

916
01:01:43,024 --> 01:01:43,684
this is nuance.

917
01:01:43,924 --> 01:01:44,864
Like there has been,

918
01:01:45,424 --> 01:01:46,444
we didn't declare war,

919
01:01:46,584 --> 01:01:46,884
but I,

920
01:01:46,884 --> 01:01:47,024
I,

921
01:01:47,164 --> 01:01:52,044
I think there's been a silent war declared on us with the smuggling in of

922
01:01:52,044 --> 01:01:52,564
fentanyl.

923
01:01:53,024 --> 01:01:59,124
into our country that has killed hundreds of thousands of people over the last five years.

924
01:01:59,284 --> 01:02:06,964
And again, this is one of those things where the prior administrations allowed this to happen,

925
01:02:07,064 --> 01:02:09,804
to build up, and you have to take radical action to solve it.

926
01:02:09,804 --> 01:02:18,544
And I think a show of force to deter these narco-terrorists from bringing these weapons of mass destruction

927
01:02:18,544 --> 01:02:23,524
just in another form into the country is like, again, it's not ideal.

928
01:02:23,864 --> 01:02:25,464
I hope, I wish it didn't get to this point,

929
01:02:25,564 --> 01:02:28,724
but radical problems call for radical solutions.

930
01:02:29,164 --> 01:02:34,084
And I think that's like a perfect microcosm of,

931
01:02:34,344 --> 01:02:36,604
of this problem that we've been put into.

932
01:02:36,704 --> 01:02:40,504
And I will stand by it. It is what I voted for.

933
01:02:40,504 --> 01:02:44,844
Like we, like there's something radical needs to happen.

934
01:02:45,204 --> 01:02:47,044
And again, it's unfortunate.

935
01:02:47,044 --> 01:02:49,984
that has to be bombing of these traffickers,

936
01:02:50,184 --> 01:02:53,804
but the message needs to be sent to try to deter this.

937
01:02:54,224 --> 01:02:56,404
And why do we do this?

938
01:02:56,404 --> 01:03:00,604
For that specific action there,

939
01:03:00,724 --> 01:03:04,704
stopping the narco movement of fentanyl into the United States,

940
01:03:04,824 --> 01:03:08,784
it's like I have people in my life that have died from fentanyl.

941
01:03:08,984 --> 01:03:11,124
I have young children who are like,

942
01:03:11,124 --> 01:03:18,224
I'm fucking 10 miles away from the Frankford L, which is infamous.

943
01:03:19,064 --> 01:03:22,924
It's like the skid row of Philadelphia,

944
01:03:23,244 --> 01:03:27,024
and we've become very popular as a city for people being tranked out

945
01:03:27,024 --> 01:03:42,070
and on fentanyl under the Frankford L here in Philadelphia I grew up I grew up The house I grew up in for the first 10 years of my life I could ride my bike to the Frank Friedel in five minutes And it wasn the best

946
01:03:42,070 --> 01:03:48,870
area back then, but it's gotten progressively worse over the course of my life. And like,

947
01:03:49,590 --> 01:03:53,750
why do I have this view? It's like, I now have three young children. I'm looking at them like,

948
01:03:53,830 --> 01:03:57,470
what the hell, what kind of world are you going to grow up in? What are you going to be surrounded

949
01:03:57,470 --> 01:04:01,090
by what are the opportunities that are going to exist for you

950
01:04:01,090 --> 01:04:05,370
when you get of an age where you have to leave the house and go do something.

951
01:04:05,490 --> 01:04:06,730
What's the world going to be like?

952
01:04:06,730 --> 01:04:12,470
And I don't want the United States to be in the state that it is now

953
01:04:12,470 --> 01:04:15,870
where you're just letting in whoever you're allowing,

954
01:04:15,870 --> 01:04:19,750
allowing narco-terrorists to flood poison into the country.

955
01:04:20,070 --> 01:04:22,150
And again, it seems radical.

956
01:04:22,290 --> 01:04:27,450
It is radical, but it's only radical because you're trying to push

957
01:04:27,450 --> 01:04:31,210
back against just as radical force that's moving in the other direction.

958
01:04:32,990 --> 01:04:33,590
All right.

959
01:04:33,630 --> 01:04:39,130
It's like, I mean, radical solutions aren't needed unless the problem gets so bad for

960
01:04:39,130 --> 01:04:39,790
so long.

961
01:04:40,070 --> 01:04:46,090
You get to a point where clearly there is no, like, gradual solution to this, right?

962
01:04:46,330 --> 01:04:50,410
This isn't something that, like, you can just be like, okay, we'll just change some

963
01:04:50,410 --> 01:04:51,550
policies here, you know?

964
01:04:51,630 --> 01:04:55,910
Like, I mean, with regard to, like, the narco bombings, right?

965
01:04:55,910 --> 01:05:04,150
Like, this is, I know that people have a lot of problems with this, but it's, and I think neither you nor I are certainly not the people to warmonger.

966
01:05:04,150 --> 01:05:12,770
And I don't think that's, like, putting that aside, it's like, man, what would you do to stop it?

967
01:05:13,550 --> 01:05:16,450
Like, what is your proposal for how to stop this?

968
01:05:16,510 --> 01:05:19,070
Because it is, like, it is a weapon of mass destruction.

969
01:05:19,210 --> 01:05:23,330
It's actually, like, it's such an insidious one, too, because it kills people slowly.

970
01:05:23,510 --> 01:05:25,350
And it destroys entire families.

971
01:05:25,350 --> 01:05:27,970
and it moves like a virus, right?

972
01:05:28,030 --> 01:05:31,270
This is essentially like it's a form of a bioweapon, right?

973
01:05:31,290 --> 01:05:33,730
It's an addictive bioweapon that kills people slowly

974
01:05:33,730 --> 01:05:35,810
after it's infected entire communities.

975
01:05:36,690 --> 01:05:40,270
Like that is, there are few things as destructive as that,

976
01:05:40,750 --> 01:05:43,450
especially over the long run, over generations,

977
01:05:43,630 --> 01:05:44,830
that problem compounds.

978
01:05:45,550 --> 01:05:49,970
And I just don't see any reasonable proposals

979
01:05:49,970 --> 01:05:52,190
for how that should actually be fixed.

980
01:05:52,430 --> 01:05:55,050
Yeah, go read up on the opium wars in China

981
01:05:55,050 --> 01:05:56,830
from over a century ago,

982
01:05:57,190 --> 01:05:59,930
how long that set that country back particularly.

983
01:06:00,310 --> 01:06:01,690
It wasn't the only factor,

984
01:06:01,770 --> 01:06:06,290
but it was a considerable factor in setting China back.

985
01:06:07,670 --> 01:06:09,710
You look at Singapore, people always hold this up

986
01:06:09,710 --> 01:06:11,550
as this amazing example.

987
01:06:11,710 --> 01:06:13,270
Like, wow, look at how fast they were able to progress.

988
01:06:13,350 --> 01:06:13,750
You know why?

989
01:06:14,170 --> 01:06:16,610
Because they would hang anyone who was importing drugs.

990
01:06:17,130 --> 01:06:19,430
If you brought in more than, I think, 10 grams of heroin,

991
01:06:19,950 --> 01:06:20,750
they would hang you.

992
01:06:21,750 --> 01:06:24,090
You would be executed for that.

993
01:06:24,090 --> 01:06:32,350
Like anything more than 10 grams, which like is, you know, I don't know how many people 10 grams gets high, but like I think that's a pretty like low bar.

994
01:06:32,470 --> 01:06:34,430
You know, it wasn't like you had to bring kilos and kilos in.

995
01:06:34,590 --> 01:06:37,110
It was like, no, no, you have anything more than 10 grams, you're getting hung.

996
01:06:37,370 --> 01:06:42,850
And otherwise the punishment was still extremely, extremely, you know, vicious, even for less than that.

997
01:06:43,350 --> 01:06:48,690
But like that's how you're able to develop an incredibly clean, incredibly prosperous society in a short amount of time.

998
01:06:48,690 --> 01:06:51,630
it's by making sure that your citizens aren't being poisoned

999
01:06:51,630 --> 01:06:53,930
and just letting it happen to them

1000
01:06:53,930 --> 01:06:56,150
because oh well you wouldn't want to offend anyone

1001
01:06:56,150 --> 01:06:59,270
we'd hate to offend anyone here

1002
01:06:59,270 --> 01:07:02,470
I had some people in my mentions like they need to be tried in the court of law

1003
01:07:02,470 --> 01:07:03,670
it's like brother

1004
01:07:03,670 --> 01:07:07,010
they're bringing the drugs in right now

1005
01:07:07,010 --> 01:07:08,550
it's been happening

1006
01:07:08,550 --> 01:07:13,030
again radical reaction to a radical problem

1007
01:07:13,030 --> 01:07:16,010
I don't know I think the libertarian

1008
01:07:16,010 --> 01:07:19,210
that exists out there.

1009
01:07:19,310 --> 01:07:21,150
It's like, oh, this is...

1010
01:07:21,150 --> 01:07:22,430
Number one, like, drugs...

1011
01:07:22,430 --> 01:07:23,990
Like, people should be able to do drugs if they want.

1012
01:07:24,590 --> 01:07:24,990
Eh.

1013
01:07:26,010 --> 01:07:26,290
Eh.

1014
01:07:26,890 --> 01:07:29,610
And then number two, like, you can't just be indiscriminately bombing people.

1015
01:07:29,710 --> 01:07:32,390
It's like, hey, if you see somebody bringing a poison,

1016
01:07:32,570 --> 01:07:34,990
like, literally en route to bring fentanyl

1017
01:07:34,990 --> 01:07:37,950
that is killing the younger generations

1018
01:07:37,950 --> 01:07:42,970
at very high rates, comparatively, relatively,

1019
01:07:42,970 --> 01:07:46,150
and you're just going to watch, wait for them to get to the border,

1020
01:07:46,490 --> 01:07:47,590
maybe they get the drugs in,

1021
01:07:47,650 --> 01:07:52,050
and you find them somewhere on their escape back to Venezuela or Colombia

1022
01:07:52,050 --> 01:07:54,070
or wherever they're coming from, and then you take them to trial.

1023
01:07:54,250 --> 01:07:55,610
What is that actually going to solve?

1024
01:07:55,850 --> 01:07:58,210
It's not going to stop the drugs from getting to market.

1025
01:07:59,250 --> 01:08:01,710
Right, at that point, they're already here, right?

1026
01:08:03,530 --> 01:08:06,550
I'm glad we went down this rabbit hole quite deeply.

1027
01:08:06,550 --> 01:08:09,990
I do want to get into a couple of other things, too,

1028
01:08:10,070 --> 01:08:12,410
because otherwise I'm going to keep going deeper and deeper and deeper,

1029
01:08:12,410 --> 01:08:14,770
and this will never be allowed on YouTube.

1030
01:08:15,570 --> 01:08:15,950
No, I'm just kidding.

1031
01:08:16,710 --> 01:08:17,650
Fuck YouTube anyway.

1032
01:08:18,470 --> 01:08:19,430
That probably doesn't.

1033
01:08:19,510 --> 01:08:21,030
You know, I've got, I've say fuck YouTube a lot

1034
01:08:21,030 --> 01:08:22,090
and I think that's like,

1035
01:08:22,190 --> 01:08:24,370
maybe it's why I'm getting de-boosted.

1036
01:08:24,410 --> 01:08:24,950
Who can say?

1037
01:08:25,130 --> 01:08:26,350
There's only one way to find out though,

1038
01:08:26,410 --> 01:08:27,530
but I'm not going to stop saying it.

1039
01:08:27,730 --> 01:08:29,670
So, you know, one of the other things

1040
01:08:29,670 --> 01:08:30,770
I wanted to talk to you about was like,

1041
01:08:31,810 --> 01:08:33,110
where we're kind of at,

1042
01:08:33,170 --> 01:08:35,170
like bring it back to Bitcoin a little bit.

1043
01:08:36,310 --> 01:08:38,090
The vibes are weird in Bitcoin right now.

1044
01:08:38,090 --> 01:08:42,730
we've had this sideways choppy year.

1045
01:08:42,870 --> 01:08:46,650
Everybody seems super bearish right now,

1046
01:08:46,650 --> 01:08:50,510
like that we're going to enter this kind of protracted bear market,

1047
01:08:50,650 --> 01:08:54,290
and this is just the way it is now.

1048
01:08:54,910 --> 01:08:57,630
I don't know about you, Marty, but I am just like,

1049
01:08:58,070 --> 01:09:00,790
I'm very bullish right now.

1050
01:09:01,230 --> 01:09:05,830
I think some of the, especially on the medium of exchange side,

1051
01:09:05,830 --> 01:09:10,610
some of the things that have been happening this year to me have been just like mind-blowingly cool

1052
01:09:10,610 --> 01:09:16,090
like what Square has done enabling this Bitcoin for you know four million plus merchants also at

1053
01:09:16,090 --> 01:09:22,030
Square but like Cash App the fact that they're using lightning rails for USD payments to Bitcoin

1054
01:09:22,030 --> 01:09:25,970
like so many incredible things happening not to mention all the stuff that's happening on the

1055
01:09:25,970 --> 01:09:30,110
like the Cashew side of things with eCash not to mention all the cool stuff happening on Noster

1056
01:09:30,110 --> 01:09:34,750
with you know White Noise not to mention BitChina like all of these other tangential things like

1057
01:09:34,750 --> 01:09:39,930
I'm just really bullish on Bitcoin and also largely FreedomTech right now.

1058
01:09:40,170 --> 01:09:45,770
Are you in the same boat or are you suffering from some bear-like syndrome?

1059
01:09:46,890 --> 01:09:53,530
No, I mean, anybody who's worried out there, I wish I had it on, but I don't.

1060
01:09:53,530 --> 01:09:57,730
But I would like to read some passages from the bear market of 2015, 2016.

1061
01:09:57,930 --> 01:10:01,010
People literally thought Bitcoin was going to die back then.

1062
01:10:01,010 --> 01:10:05,430
And if you compare it to today, I think perspective is incredibly important.

1063
01:10:05,690 --> 01:10:08,270
Like 2015, 2016, people thought Bitcoin was going to die.

1064
01:10:08,950 --> 01:10:09,830
Nobody was using it.

1065
01:10:10,930 --> 01:10:11,970
Twitter was dead.

1066
01:10:12,170 --> 01:10:13,290
Nobody was talking about it.

1067
01:10:13,770 --> 01:10:16,010
Fast forward today, a completely different dynamic.

1068
01:10:17,270 --> 01:10:20,630
$1.75 trillion market cap, whatever it is.

1069
01:10:20,690 --> 01:10:21,090
What is it?

1070
01:10:21,270 --> 01:10:23,790
$1.78 trillion market cap.

1071
01:10:24,350 --> 01:10:28,330
Just below $90,000 right now.

1072
01:10:28,330 --> 01:10:34,630
Obviously, it's not $126,000, but we were at $16,000.

1073
01:10:35,190 --> 01:10:38,850
Let's just go back to three years ago exactly.

1074
01:10:39,210 --> 01:10:40,450
Today, the fifth.

1075
01:10:41,210 --> 01:10:44,770
We were at like $17,000 three years ago.

1076
01:10:45,250 --> 01:10:46,130
It's wild.

1077
01:10:46,510 --> 01:10:50,930
So we are up about 5x in three years.

1078
01:10:52,250 --> 01:10:57,850
Yes, we're off the all-time highs of $123,000 at about 30%.

1079
01:10:57,850 --> 01:11:04,970
But if you 5X'd in three years and just pattern recognition,

1080
01:11:05,110 --> 01:11:07,450
haven't been in Bitcoin for 12 years now,

1081
01:11:07,590 --> 01:11:09,970
this is the most healthy consolidation.

1082
01:11:11,210 --> 01:11:13,010
Yes, it may not look great on the chart,

1083
01:11:13,070 --> 01:11:15,950
but if you put it on log, it's imperceptible.

1084
01:11:16,850 --> 01:11:22,490
And to your point, the infrastructure in all areas

1085
01:11:22,490 --> 01:11:26,250
has just been maturing massively this year.

1086
01:11:26,250 --> 01:11:32,550
Obviously, Glock with everything they've done from Proto to Cash App really leaning back

1087
01:11:32,550 --> 01:11:33,550
in.

1088
01:11:33,550 --> 01:11:51,976
Obviously Square point of sale terminals opening up Bitcoin to all their Square sellers and potentially their end users or their clients at the end of the day customers Um that been massive Like arc launched spark is taking off uh cash humans

1089
01:11:52,376 --> 01:11:59,116
cash mens, fed humans, cash humans are exploding. Um, the innovation around them is,

1090
01:11:59,116 --> 01:12:07,236
is picking up steams and and then if you are just using like uh sort of social

1091
01:12:07,236 --> 01:12:15,236
indicators like there hasn't been a retail uh fervor like there was in 2017 2021 2013

1092
01:12:15,236 --> 01:12:21,576
like we're nowhere near those levels so like i'm extremely bullish right now i think we're just in

1093
01:12:21,576 --> 01:12:28,516
this sort of cool off period after expanding the network by 5x in a very short amount of time

1094
01:12:28,516 --> 01:12:36,176
and the fact that we're trading right below $90,000 is extremely impressive to me

1095
01:12:36,176 --> 01:12:40,016
as somebody who's been around for 12 years.

1096
01:12:40,216 --> 01:12:46,336
If this sort of boring market were to manifest 10 years ago,

1097
01:12:46,456 --> 01:12:47,356
the price would have crashed.

1098
01:12:47,416 --> 01:12:48,856
It did crash 80%.

1099
01:12:48,856 --> 01:12:53,016
So the fact that we're only down 30 is pretty massive.

1100
01:12:53,016 --> 01:13:04,436
And then you just think of the fact that there is too much brand awareness of Bitcoin at this point from individuals, companies, institutions.

1101
01:13:04,816 --> 01:13:10,876
I mean, you just have Vanguard open up the floodgates for their customers to ETFs.

1102
01:13:11,076 --> 01:13:18,896
And then you have Bank of America's investment arms are recommending a 1% to 4% allocation.

1103
01:13:18,896 --> 01:13:30,336
And then the cherry on top, which is actually probably the cherry in the core that the governments have not solved their deficit problems.

1104
01:13:30,476 --> 01:13:31,276
So they're going to have to print.

1105
01:13:31,716 --> 01:13:40,536
I mean, I think the polymarket odds last time I checked were like 91% for the Fed rate cut next week or the week after.

1106
01:13:41,096 --> 01:13:44,116
And yeah, just take it easy out there.

1107
01:13:44,316 --> 01:13:47,776
It's not the end of the world.

1108
01:13:47,776 --> 01:13:56,656
There's a lot of people who expect Bitcoin to have expected Bitcoin to be at like $300,000, $400,000, whatever at this point.

1109
01:13:56,956 --> 01:13:58,076
And they're disappointed.

1110
01:13:58,416 --> 01:14:10,296
And I think instead of lamenting the state of the market or Bitcoin itself, maybe exhibit some introspection and say, hey, maybe my expectations were a bit out of whack.

1111
01:14:10,296 --> 01:14:14,776
and hey, you're talking to somebody who I would not have been surprised

1112
01:14:14,776 --> 01:14:20,336
if we were at $250,000, $300,000 at this point

1113
01:14:20,336 --> 01:14:22,216
if you were talking to me last year.

1114
01:14:22,576 --> 01:14:23,096
Hand up.

1115
01:14:23,176 --> 01:14:24,976
I was like, Super Cycle might be in play.

1116
01:14:25,456 --> 01:14:25,876
Who knows?

1117
01:14:26,056 --> 01:14:26,836
It might still be in play.

1118
01:14:27,016 --> 01:14:28,576
Maybe it's all just one big Super Cycle,

1119
01:14:28,736 --> 01:14:31,656
but just because it hasn't met your expectations

1120
01:14:31,656 --> 01:14:34,196
doesn't mean that good things aren't happening

1121
01:14:34,196 --> 01:14:37,036
and very good things are happening,

1122
01:14:37,836 --> 01:14:39,656
both on the brand awareness side

1123
01:14:39,656 --> 01:14:41,176
and the infrastructure side.

1124
01:14:42,036 --> 01:14:44,696
Again, these second-layer advancements

1125
01:14:44,696 --> 01:14:46,296
over the last two years, I think,

1126
01:14:46,396 --> 01:14:48,956
are woefully underappreciated,

1127
01:14:49,416 --> 01:14:51,416
not only by the broader markets,

1128
01:14:51,516 --> 01:14:52,676
completely unaware of them,

1129
01:14:52,716 --> 01:14:53,816
but even by Bitcoiners.

1130
01:14:54,616 --> 01:14:56,096
They don't really appreciate

1131
01:14:56,096 --> 01:14:57,956
what's happening behind the scenes.

1132
01:14:58,096 --> 01:14:59,596
I think lightning emerging

1133
01:14:59,596 --> 01:15:01,076
as this interconnective tissue

1134
01:15:01,076 --> 01:15:04,916
between these other interoperable protocols

1135
01:15:04,916 --> 01:15:07,536
built on top of Bitcoin is going to be massive.

1136
01:15:07,536 --> 01:15:16,176
Yeah, it's huge. And I mean, you listed off a bunch of just kind of incredible like structural

1137
01:15:16,176 --> 01:15:22,416
things there that I think I've almost like the fact that any one of these things and I've not

1138
01:15:22,416 --> 01:15:27,856
been in Bitcoin as long as you obviously but like even thinking back to like 2020 2021 depths the

1139
01:15:27,856 --> 01:15:34,496
bear market 2022 even like not so long ago, any one of these developments would have been like,

1140
01:15:34,496 --> 01:15:37,836
just so massive there, like seen as this massive catalyst.

1141
01:15:38,556 --> 01:15:41,856
And now it's just kind of like, okay, yeah, like four million merchants.

1142
01:15:42,016 --> 01:15:42,876
Like, okay, whatever.

1143
01:15:43,276 --> 01:15:47,076
Like, oh, like Vanguard, $11 trillion in assets under management just opened up,

1144
01:15:47,156 --> 01:15:48,336
you know, just bent the knee basically.

1145
01:15:48,456 --> 01:15:48,856
Oh, okay.

1146
01:15:49,156 --> 01:15:53,416
Like the stodgy old Bank of America, one to 4% allocation recommendation.

1147
01:15:53,556 --> 01:15:54,376
Like, okay, whatever.

1148
01:15:54,656 --> 01:15:56,716
It's like, these are all massive things.

1149
01:15:56,716 --> 01:15:58,476
Like, and this is, this is the thing right now.

1150
01:15:58,516 --> 01:16:02,316
You mentioned the retail piece, which is fascinating to me because I think you're

1151
01:16:02,316 --> 01:16:02,836
absolutely right.

1152
01:16:02,836 --> 01:16:05,216
that's like we have not seen this retail wave, right?

1153
01:16:05,216 --> 01:16:07,796
Just interest in Bitcoin from the quote retail perspective

1154
01:16:07,796 --> 01:16:09,496
is not there right now.

1155
01:16:10,216 --> 01:16:12,236
And it's like, man, the bummer is,

1156
01:16:12,296 --> 01:16:13,456
and this is why Bitcoin education,

1157
01:16:13,636 --> 01:16:15,596
and this is why we need more Bitcoin podcasts out there,

1158
01:16:15,676 --> 01:16:17,956
of course, is because like this is the time

1159
01:16:17,956 --> 01:16:19,676
when our fellow plebs should be doing

1160
01:16:19,676 --> 01:16:20,916
whatever they can to stack.

1161
01:16:21,276 --> 01:16:24,076
Like in these doldrums, in these kind of, you know,

1162
01:16:24,196 --> 01:16:27,676
crabs, you know, sideways, chop solidation periods,

1163
01:16:27,676 --> 01:16:29,596
this is when you should be stacking.

1164
01:16:30,016 --> 01:16:31,996
But sadly, it's like the memes are very true.

1165
01:16:31,996 --> 01:16:35,236
You know, it's like nobody lines up for Bitcoin when it's, you know, 90,000.

1166
01:16:35,336 --> 01:16:37,896
They line up for it when it's at 200,000 or, you know, five.

1167
01:16:38,016 --> 01:16:45,756
Like, but it's just like, man, humans, we are victims of our own nature very often, it seems.

1168
01:16:46,616 --> 01:16:46,816
Yeah.

1169
01:16:47,096 --> 01:16:49,516
And there's like another social aspect that's me.

1170
01:16:51,736 --> 01:16:54,796
Sounds spicy to some, but there's too many.

1171
01:16:54,956 --> 01:16:56,096
I don't want to say too many people.

1172
01:16:56,096 --> 01:17:02,816
but I would caution anybody out there who makes Bitcoin their whole personality.

1173
01:17:03,056 --> 01:17:03,976
Like you got to touch grass.

1174
01:17:04,836 --> 01:17:09,056
You got to, like we talked about, like focus on family and stuff like that.

1175
01:17:09,156 --> 01:17:14,096
Like if you're, I mean, maybe I'm being a bit hypocritical.

1176
01:17:14,176 --> 01:17:22,176
Obviously my whole business, my whole professional career revolves around Bitcoin, you too, Walker.

1177
01:17:22,176 --> 01:17:34,576
But even so, I try to make it a point like, hey, Bitcoin is one of the biggest things going on in humanity right now.

1178
01:17:34,676 --> 01:17:36,796
But there are other important things.

1179
01:17:37,176 --> 01:17:44,556
And I'm not going to live and die by the intraday candle of the Bitcoin chart.

1180
01:17:44,556 --> 01:17:49,076
and let that sort of dictate how I operate,

1181
01:17:49,196 --> 01:17:52,676
even though I am human.

1182
01:17:52,816 --> 01:17:53,816
It does affect sometimes.

1183
01:17:54,396 --> 01:17:55,816
Obviously, it's funny, too.

1184
01:17:55,876 --> 01:17:59,916
It's this paradox because you hate it when the price is dumping,

1185
01:18:00,076 --> 01:18:02,156
but you hate it even more when the price is pumping, too,

1186
01:18:02,236 --> 01:18:03,816
because you're like, oh, God, I don't have enough Bitcoin.

1187
01:18:04,216 --> 01:18:05,536
So I think that's the mentality.

1188
01:18:06,216 --> 01:18:08,816
Anybody out there is pissed off is just remember how

1189
01:18:08,816 --> 01:18:13,276
try to put yourself in future use shoes

1190
01:18:13,276 --> 01:18:14,836
as the price is ripping,

1191
01:18:15,636 --> 01:18:19,236
$50,000 weekly candles,

1192
01:18:19,496 --> 01:18:19,856
and you're like,

1193
01:18:19,896 --> 01:18:21,156
oh shit, I don't have enough Bitcoin.

1194
01:18:21,576 --> 01:18:22,536
To your point,

1195
01:18:22,716 --> 01:18:24,616
treat this as a blessing

1196
01:18:24,616 --> 01:18:26,656
that you're able to accumulate.

1197
01:18:27,176 --> 01:18:30,036
But I am incredibly,

1198
01:18:30,336 --> 01:18:32,376
incredibly bullish right now.

1199
01:18:32,756 --> 01:18:33,596
Does that mean the price

1200
01:18:33,596 --> 01:18:34,596
is going to go up next week

1201
01:18:34,596 --> 01:18:35,256
or a month from now?

1202
01:18:35,316 --> 01:18:36,016
I have no idea.

1203
01:18:36,416 --> 01:18:37,516
But I know that the fundamentals

1204
01:18:37,516 --> 01:18:38,816
are incredible.

1205
01:18:38,996 --> 01:18:39,436
We're streaming.

1206
01:18:39,596 --> 01:18:41,236
I'm watching the Noster live chat

1207
01:18:41,236 --> 01:18:42,356
come up.

1208
01:18:42,416 --> 01:18:43,036
I can see you.

1209
01:18:43,036 --> 01:18:47,436
I can see you messaging the audience as we're talking here.

1210
01:18:47,556 --> 01:18:51,736
But this is what I think is going to be the Twitch competitor.

1211
01:18:52,096 --> 01:18:58,296
You have 28,996 ads that have been zapped to your wallet directly.

1212
01:18:59,196 --> 01:19:01,896
And once streaming culture, going back to streaming culture,

1213
01:19:01,956 --> 01:19:05,756
once they realize, oh, I don't have to wait for Twitch and Stripe

1214
01:19:05,756 --> 01:19:09,816
to pay me out twice a month or whatever it may be.

1215
01:19:09,816 --> 01:19:16,776
like I literally have this money now I can go spend it do whatever that is a profound step

1216
01:19:16,776 --> 01:19:23,136
function improvement on that particular use case and most of the world just doesn't realize it yet

1217
01:19:23,136 --> 01:19:30,756
like it's there it works it's objectively like objectively it is better and that this is just

1218
01:19:30,756 --> 01:19:36,376
this one use case you can apply it to to anything I have a lot of contractors at TFTC they're

1219
01:19:36,376 --> 01:19:41,976
younger. They like to get paid quickly. Many of them get paid in Bitcoin and they love that they

1220
01:19:41,976 --> 01:19:54,122
can send me an invoice I try to be timely with it and pay it immediately instead of waiting for a wire to go through or waiting for payroll to go through They are able to get paid immediately

1221
01:19:54,282 --> 01:19:57,582
That is objectively better than the fiat system.

1222
01:19:57,582 --> 01:20:10,382
And that's, I think, probably the overarching lesson here is just whenever you get down and you're a little pissed off that the price isn't where it is, just remind yourself.

1223
01:20:10,382 --> 01:20:16,462
Like this thing is literally, literally, quite literally, objectively better in every aspect than everything else.

1224
01:20:16,582 --> 01:20:21,182
And it is fortunate that you have recognized that before most of the world.

1225
01:20:23,202 --> 01:20:24,902
It's literally magic internet money.

1226
01:20:25,182 --> 01:20:29,222
Like it really, like every time you use it, you're just like, Bob, this, like this is incredible.

1227
01:20:29,222 --> 01:20:34,722
And then every time you need to use the fiat system, it's like, God, this is like, this is just really clunky, isn't it?

1228
01:20:34,762 --> 01:20:35,942
Like it's amazing.

1229
01:20:35,982 --> 01:20:38,102
But like, you know, it goes back to the old cliche.

1230
01:20:38,182 --> 01:20:38,902
The future is here.

1231
01:20:38,902 --> 01:20:40,422
It's just not evenly distributed yet.

1232
01:20:40,442 --> 01:20:47,662
And I think about that a lot because it's like you even see amongst Bitcoiners, you look at the different development that happens in different parts of the world.

1233
01:20:47,722 --> 01:20:56,722
You look at the way that Bitcoin is adopted in Africa or in Latin America versus the way that it's typically adopted most, you know, most in the most like average way in the U.S.

1234
01:20:56,782 --> 01:20:57,722
Like those are different.

1235
01:20:57,842 --> 01:20:59,002
They're different forms of adoption.

1236
01:20:59,002 --> 01:20:59,322
Right.

1237
01:20:59,502 --> 01:21:01,702
And they're progressing on different timescales.

1238
01:21:01,782 --> 01:21:03,022
I think that's that's beautiful.

1239
01:21:03,022 --> 01:21:07,102
But Marty, I want to be conscious of your time here because I know we're running up on the end of the scheduled time.

1240
01:21:07,102 --> 01:21:14,082
um maybe last thing i would just ask you is uh any uh actually maybe i won't even make it an

1241
01:21:14,082 --> 01:21:18,462
ask we'll just say that i think it's something we should bring up which is uh the samurai devs

1242
01:21:18,462 --> 01:21:22,942
and just that people i know you guys made a call for this i've made a couple calls for this as well

1243
01:21:22,942 --> 01:21:28,562
but people should go and sign that petition i think it's it's bill and kion.org let me make

1244
01:21:28,562 --> 01:21:36,842
sure kion and bill.org i think yeah okay yeah i think yeah there we go but yeah

1245
01:21:36,842 --> 01:21:42,682
this is like this is wild to me i mean i i really hope that so you're right it's bill and kian or

1246
01:21:42,682 --> 01:21:46,122
let me see let me see if i can pull it up

1247
01:21:46,122 --> 01:21:55,822
yep yeah bill and kian.org you're right yeah i'll drop it i'll drop in the chat for folks

1248
01:21:55,822 --> 01:22:03,682
uh on noster and i would just ask like go go ahead and go sign this petition like and you know tag

1249
01:22:03,682 --> 01:22:12,182
If anybody happens to know any members of the Trump administration, like, man, try to get somebody's ear or at least tag him a bunch on social media.

1250
01:22:12,262 --> 01:22:16,542
Because, like, this has set such a destructive precedent for me.

1251
01:22:16,862 --> 01:22:27,062
Like, and just, it's like, how can we be the, quote, Bitcoin and, quote, crypto capital of the world if we're prosecuting developers in this way?

1252
01:22:27,142 --> 01:22:29,082
Like, with these archaic money transmitter laws?

1253
01:22:29,142 --> 01:22:30,202
Like, it's just insane to me.

1254
01:22:30,722 --> 01:22:31,422
It really is.

1255
01:22:31,422 --> 01:22:33,102
It would be a terrible precedent.

1256
01:22:33,102 --> 01:22:42,342
And I think this is very important that you brought it up too because it highlights like, hey, a lot of what we talked about earlier is very right-wing coded, if you will.

1257
01:22:42,342 --> 01:22:46,282
But here's an example of an opportunity called Balls and Strikes.

1258
01:22:46,362 --> 01:23:03,362
It's like, hey, Trump, you sent out the Blanche memo and then your Department of Justice is ganging up on all these open source software developers, two of which are about to report to prison for five years and live in a cage away from their families.

1259
01:23:04,222 --> 01:23:05,322
This is not OK.

1260
01:23:05,702 --> 01:23:08,662
This is the type of fascism.

1261
01:23:09,262 --> 01:23:10,682
I don't want to see any fascism.

1262
01:23:10,682 --> 01:23:18,522
This is like fascist sort of, this is fascist action that should not be taken.

1263
01:23:18,742 --> 01:23:19,822
And this is not good.

1264
01:23:19,942 --> 01:23:20,542
It's not okay.

1265
01:23:20,542 --> 01:23:30,802
It's like holding authority, particularly right-wing conservatives who have power right now to account.

1266
01:23:31,002 --> 01:23:33,802
It's like this is, like holding them accountable for this is extremely important.

1267
01:23:33,802 --> 01:23:51,882
Like, hey, I may agree with what you guys are doing from an immigration perspective and trying to make sure we're saving the country and making sure that we're not wasting any money and letting in people who are going to be negative on the economy.

1268
01:23:51,882 --> 01:23:56,002
However, this thing that you're doing, you're not following up on that.

1269
01:23:56,522 --> 01:24:04,382
And it's, to your point, a terrible precedent that will make it so that the United States is not the Bitcoin capital of the world.

1270
01:24:04,382 --> 01:24:13,802
If you can't have software developers writing code that makes it easier to use Bitcoin in a non-custodial fashion.

1271
01:24:16,362 --> 01:24:17,402
Amen to that.

1272
01:24:17,402 --> 01:24:26,942
And again, I would encourage people like go take a couple of minutes and share this out on either centralized or decentralized social media.

1273
01:24:27,522 --> 01:24:33,182
Like this is one of the beautiful things about having these incredible tools for communication at our fingertips.

1274
01:24:33,182 --> 01:24:40,222
Like you can get a small message out there to a lot of people and it can become a very big message, but it requires people to actually take action.

1275
01:24:40,642 --> 01:24:40,822
Yeah.

1276
01:24:40,822 --> 01:24:42,882
You can make a difference, though.

1277
01:24:42,882 --> 01:24:51,442
So and this is certainly like I don't think any of us want to see two guys who are building, who built awesome privacy tools in Bitcoin going to jail.

1278
01:24:51,582 --> 01:25:00,002
And there's a bunch of other cases now that people should pay attention to, whether it's Tornado Cash or Bitcoin Fog or Ian Freeman, like all of these.

1279
01:25:00,002 --> 01:25:04,922
Like Bill and Keone is just the one that has some very immediate like time timeline restrictions.

1280
01:25:05,182 --> 01:25:08,542
And yeah, it's whatever you can do to spread the message.

1281
01:25:08,542 --> 01:25:18,382
I'm looking at it now. The petition only has 3,487 signatures. It's not enough. I thought there would be more. You've got to pump that number. That number needs to go up.

1282
01:25:18,382 --> 01:25:24,182
that's that's wild to me like if if you if you give a shit about uh about bitcoin and

1283
01:25:24,182 --> 01:25:31,182
the future uh future in which you can use bitcoin in a privacy preserving way this is uh something

1284
01:25:31,182 --> 01:25:34,142
you should deeply care about and you should definitely care about these guys not being

1285
01:25:34,142 --> 01:25:39,342
thrown in a cage taken away from their families for five years forced to pay massive fines like

1286
01:25:39,342 --> 01:25:44,542
when this can be fixed with a simple presidential pardon and like trump's pardoning plenty of people

1287
01:25:44,542 --> 01:25:46,482
already like you'd think this should be

1288
01:25:46,482 --> 01:25:48,402
top of his list if he really wants to put his

1289
01:25:48,402 --> 01:25:49,882
money where his mouth is

1290
01:25:49,882 --> 01:25:53,042
Marty

1291
01:25:53,042 --> 01:25:54,622
I'll go ahead

1292
01:25:54,622 --> 01:25:55,882
I was going to say it's

1293
01:25:55,882 --> 01:25:58,662
incredibly important

1294
01:25:58,662 --> 01:26:00,842
it is a great shame

1295
01:26:00,842 --> 01:26:01,842
that it's gotten to this point

1296
01:26:01,842 --> 01:26:04,822
I was going to say and if you look at some of the

1297
01:26:04,822 --> 01:26:06,622
people that Trump has pardoned in recent weeks

1298
01:26:06,622 --> 01:26:07,442
it's like this should be

1299
01:26:07,442 --> 01:26:10,782
an easy layup considering

1300
01:26:10,782 --> 01:26:12,142
some of the

1301
01:26:12,142 --> 01:26:14,522
objective scammers that he's pardoned

1302
01:26:14,522 --> 01:26:19,802
yeah yeah exactly should be one would hope this would be a no-brainer maybe it just hasn't gotten

1303
01:26:19,802 --> 01:26:24,222
to his desk yet but i hope somebody puts it in front of him and until then continue making noise

1304
01:26:24,222 --> 01:26:31,222
out there uh where do you want to send people uh just find me on x in primal primal.net slash

1305
01:26:31,222 --> 01:26:40,822
marty bent uh x at marty bent and you'll find all my stuff there beautiful well dude glad we got a

1306
01:26:40,822 --> 01:26:44,922
chance to do this. Appreciate you sharing your time. And yeah, looking forward to doing it again,

1307
01:26:45,382 --> 01:26:49,082
perhaps in person at some point. That would be fun. We can do it over a couple of beers. That

1308
01:26:49,082 --> 01:26:53,702
would be ideal. That would be great. Thank you, Walker. All right. Cheers, dude. See ya.

1309
01:26:54,742 --> 01:27:01,562
And that's a wrap on this Bitcoin Talk episode of The Bitcoin Podcast. Remember to subscribe to

1310
01:27:01,562 --> 01:27:05,922
this podcast wherever you're watching or listening and share it with your friends,

1311
01:27:05,922 --> 01:27:08,302
family, and strangers on the internet.

1312
01:27:08,602 --> 01:27:11,502
Find me on Noster at primal.net slash Walker

1313
01:27:11,502 --> 01:27:14,882
and this podcast at primal.net slash Titcoin.

1314
01:27:15,322 --> 01:27:18,742
On X, YouTube, and Rumble, just search at Walker America

1315
01:27:18,742 --> 01:27:23,302
and find this podcast on X and Instagram at Titcoin Podcast.

1316
01:27:24,042 --> 01:27:26,282
Head to the show notes to grab sponsor links,

1317
01:27:26,382 --> 01:27:29,242
head to substack.com slash at Walker America

1318
01:27:29,242 --> 01:27:31,102
to get episodes emailed to you

1319
01:27:31,102 --> 01:27:34,882
and head to bitcoinpodcast.net for everything else.

1320
01:27:34,882 --> 01:27:39,002
Bitcoin is scarce, but podcasts are abundant.

1321
01:27:39,602 --> 01:27:44,362
So thank you for spending your scarce time listening to The Bitcoin Podcast.

1322
01:27:45,242 --> 01:27:47,662
Until next time, stay free.