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Right now, to me, it feels like the most bullish time ever.

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But the price doesn't match up with that.

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We're not at new all-time highs.

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We're not ripping higher.

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And to me, that mismatch between the insanely bullish feeling I have based on all of the incredible stuff that's happening

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and the contrastingly kind of like, quote, bearish price action.

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We're still hovering right around.

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We're a rounding error away from $100K, right?

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So it's not like Bitcoin's not dead.

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like zoom out guys chill but there is a contrast there's a mismatch there there's a sentiment

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mismatch and so to me that just screams like opportunity this is when you need to be stacking

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as hard as you possibly can because for some reason people just aren't seeing what is obvious

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to some of us and if it is obvious to you right now and you're looking at this like how the hell

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could you be bearish right now how the hell could you not be stacking as much as you can right now

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then you're in the minority.

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Congratulations.

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You're awake right now,

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but you have an opportunity.

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There is an information asymmetry right now

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that you can take advantage of

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because Bitcoin will continue to go higher.

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It just, it will.

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Because, and it's not even Bitcoin going higher.

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Bitcoin's just staying the same.

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Fiat's just being debased everywhere,

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always, all the time, forever,

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until they go to zero.

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You know that's going to happen.

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And if you know that that's going to happen

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and you're aware of Bitcoin,

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You are doing yourself a disservice if you are not stacking right.

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who was not up late enough to catch the live streams.

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Because while everyone else seems to be bearish right now,

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I am insanely bullish,

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and I hope these rants make you a little bullish too.

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I've had guests for each of these rants so far,

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and we'll have more guests and more rants in the future,

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so make sure to head to the show notes to check out the guest links and give them a follow.

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And while you're there, check out my sponsor links and referral codes

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that I can keep making the Bitcoin podcast.

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This episode is brought to you by Blockware.

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What if you could lower your tax bill and stack Bitcoin at the same time?

43
00:02:25,020 --> 00:02:26,600
Well, with Blockware, you can.

44
00:02:26,920 --> 00:02:31,680
New U.S. tax rules let miners write off 100% of their mining hardware in a single year.

45
00:02:31,860 --> 00:02:34,960
Earn Bitcoin daily while saving big come tax season.

46
00:02:35,260 --> 00:02:41,160
Get started at mining.blockwaresolutions.com slash titcoin and use the code titcoin to get

47
00:02:41,160 --> 00:02:45,300
$100 off your first miner when using the Blockware marketplace.

48
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Now, this is not tax advice from me, so go speak with the team at Blockware to learn more.

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Again, that's mining.blockwaresolutions.com slash titcoin.

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Without further ado, let's get into this Bitcoin After Dark emergency broadcast.

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And it's like pretty bad right now, huh?

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What are we at right now?

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What's the fiat cuck buck price of Bitcoin?

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We are at about 95,918 infinitely printable, warmongering, petroleum fiat cuck bucks per Bitcoin.

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And that is really bearish, apparently.

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I'm not sure. That's what I've been told.

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That is what I've been told.

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Let's see if this is also streaming live on other platforms.

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Did I? Apparently I made it to Noster.

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Let's see.

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For those of you who aren't yet on Noster, you probably should be.

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Because if you were on there, honestly, you wouldn't even know that Bitcoin was, quote, crashing right now.

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You would just be living your life and having a wonderful time.

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But sadly, you're not on Noster, and so you don't know that.

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Let's see.

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Let's see what's happening.

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I clearly need to update the label of this on Noster.

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I wonder if this is live on YouTube right now.

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I'm honestly not sure.

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It says no, but, well, I thought I did.

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Hmm.

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Well, fuck YouTube anyway.

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So, that's that.

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How's everybody doing?

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You guys feeling fearful?

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Anxious?

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Is there blood in the streets?

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Is some of it your own?

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I don't know.

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I'm feeling okay right now, honestly.

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What I realized is the amount of fear or potential anxiety, whatever you want to call it, that I have when Bitcoin dips, it kind of just went away.

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The longer that I have been just DCAing into Bitcoin, the less of any sort of worry I feel anytime Bitcoin dips.

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I did a fantastic rip with Nico from Simply Bitcoin the other day on the Bitcoin podcast.

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He was talking about this idea of Bitcoin Zen.

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And I really loved it because it's this idea that, you know, once you've been DCing for long enough, you just really look at any Bitcoin dip as like, well, this is just a, what a gift, right?

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What an amazing gift.

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I get, yeah, Bitcoin's down, but that's fantastic.

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Like my infinitely printable US dollars are going to go farther now.

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I'm going to get more Bitcoin for each of my infinitely printable dollars.

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Like this is a very undeniably good thing.

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And I feel like the reason the sentiment is so broadly bad right now,

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I mean, granted, like not just Bitcoin is dipping, right?

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Like equities are dipping too.

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I don't know if you look at like the S&P and that kind of shit,

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which apparently some people do.

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Apparently that's not like doing super well either.

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But like, who fucking cares?

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You know?

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Like at the end of the day, here we sit.

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The year is 2025.

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Bitcoin is still a teenager.

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Hasn't really been around that long.

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You had incredible news this past week

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with Square announcing Bitcoin being available

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to 4 million plus merchants to accept Bitcoin payments.

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The fact that they're using Bitcoin rails as well,

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even to process USD payments, which is super cool.

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You have Cash App also, another one of Jack Dorsey's

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within that block umbrella doing really cool shit.

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You had all this incredible news.

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You had even like the Czech fucking central bank.

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announced that they had bought Bitcoin as part of some like experiment, right?

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And I don't think it was just Bitcoin.

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They did some weird like stable coin deposit thing.

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I don't know.

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I didn't look into it that much,

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but I know that they bought like a little bit of Bitcoin, right?

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Not a crazy amount, but a little bit.

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And it's like, that's a fucking central bank doing that.

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It appears the Czech central bank is like quite a lot more based

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than most central banks also, which is kind of, I guess, cool.

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Like they're still central bankers, but like, I don't know.

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They're the skinniest kid at fat camp, I guess, in terms of central bankers.

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So that's kind of neat.

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But yeah, I don't know.

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I figured I would come on here right now.

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You know, my beautiful wife is asleep.

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Our son is asleep.

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So I'm like, well, it's Friday.

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I'm not even drunk this time, guys.

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Like I'm sober as a bird right now.

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Usually if I was hopping on a live stream like this late at night,

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I would probably have the excuse of being a bit inebriated.

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But I don't have, I don't even have that right now.

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I'm quite well hydrated, actually.

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Not even drunk at all.

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So that's, that's fantastic.

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It just felt like the right time to come on here.

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and chat with you guys.

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And I hope that this is actually streaming various places.

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Maybe it is.

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It looks like it's on X.

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I think it's on Noster.

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I should probably blast that out farther afield on Noster

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so that people actually see it and hop in here.

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But yeah, it felt like it was the time to come on here

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because I see so much incredibly bearish sentiment.

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And I think a lot of it comes from people,

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like a lot of the bearish sentiment that you see generally on on on x a lot of that is from

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quote crypto people who are way underexposed to bitcoin and way overexposed to whatever shit coins

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they happen to be trading that particular day and like that's that's 100 on them you know like

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maybe you just shouldn't be trading shit coins i don't know like call it crazy you could just have

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been stacking Bitcoin and not been a fucking degenerate. But unfortunately you decided that

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like Bitcoin wasn't, uh, it wasn't, you know, it wasn't good enough. The 55% CAGR wasn't,

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wasn't good enough for you. You needed a, you needed something better than that. You know,

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you needed, you needed something more. And that's just kind of like, kind of,

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kind of pathetic right at the end of the day, because it's like,

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what else do you need besides Bitcoin when it comes like for the average person from an

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investment standpoint, like you really, you really just don't need anything else, right?

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You have this incredible asset that also happens to be like an unstoppable, unfuckable medium of

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exchange, right? Nobody, nobody can, nobody can screw you over. Nobody can stop you from using

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Bitcoin. And it's also a pristine store of value, right? But ultimately, like it is also

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peer-to-peer electronic cash in the sense that you can give it to somebody else pseudonymously

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or anonymously if you protect yourself well enough.

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And nobody knows.

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And more importantly, nobody can stop you from doing it.

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Like we have this incredible, incredible tool.

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And some of you are out there being degenerates with shit coins.

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And I understand because when I, you know, I ignored Bitcoin for the first time in,

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I've ignored Bitcoin also, I should say, I've ignored Bitcoin longer than I've been stacking

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Bitcoin.

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I ignored Bitcoin for the first time in 2014.

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a buddy was buying something off the

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off the Silk Road you may have heard of it

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and he was like hey

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Walker have you like I'm getting

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things

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off of this website

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have you heard of these like bitcoins

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I have to buy these bitcoins to

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transact on this website

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like you know anything about this

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I'm like I don't fucking know what you're talking about dude

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like whatever nerd

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you know back to whatever fiat shit I was doing

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so that was the first time I ignored it and then

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2017 rolls around it's like the height of the blow-off top like i managed to just time the top

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absolutely perfectly just bought like the pico top but i didn't buy bitcoin even which would

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have been fine like now you know like if i would have bought bitcoin then but i didn't have much

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much cash and so i was like well i don't have very much cash i'll just buy it buy a few of these

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litecoins because they're less expensive than bitcoin and maybe they'll be worth as much as

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bitcoin someday and it's like litecoin still has not even made it back to that 2017 top which is

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just at least i don't think they have i don't know i haven't checked the price in a while

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just pathetic right so that's why i have a lot of empathy for people who

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start uh or who look at bitcoin and say well i can't afford a full bitcoin and they don't do any

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more research than that they just think i can't i can't buy a fraction of bitcoin whatever they

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don't even know that that that exists i don't know satoshi's exists or or bits however you'd

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like to call them these days so i empathize with that but the point being that the people who do

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know that the people who do know that you can just buy a fraction of bitcoin the people that

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have been actually paying attention to Bitcoin for a while. But instead of just, to paraphrase

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Adele, staying humble and stacking sats, trying to focus on their craft and create value and stack

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Bitcoin on the side to eventually retire their bloodline. And by retiring, I think retire your

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bloodline, this is a sidebar, but retire your bloodline is kind of like an interesting thing.

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Like you don't want to just have a bunch of retired people, right? Like retiring is what

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makes you like slow and lazy. Like you want people to have the option within your bloodline to do

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what they want, but still be productive members of society. I digress. The point being, if you're

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aware of Bitcoin, like you're steeped in this, you've been on, you know, crypto, Twitter, crypto

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X, whatever for a while. And you just still decide to be a degenerate and trade these shit coins and

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get absolutely wrecked at times like these. Like if you, if you own spot Bitcoin right now,

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and let's say you just started stacking spot Bitcoin at the all-time high, right at the

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all-time high. That's when you decided to finally pull the trigger and start stacking Bitcoin. Like

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I feel for you because you're, you're down a little bit right now, right? We've gone from

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whatever 125 or 126,000 infinitely printable fiat cut bucks per Bitcoin down to like, let's see

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00:12:51,200 --> 00:12:57,700
right now, 96,000. So that's a decent little haircut, right? But you still don't spot Bitcoin.

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I mean, at least like hopefully you get a UTXO that's big enough, transfer it to your cold storage, and you actually own Bitcoin.

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You own something that nobody can take away from you.

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You own something.

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Once you have those 12 or 24 words, you have something that nobody can take from you no matter how much force they try to exert.

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There's a great quote from Julian Assange.

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It's like no amount of violence can solve a math problem.

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And I just think that's beautiful.

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um also just sidebar here uh we're gonna do a lot of sidebars uh thanks everyone who i see that we

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now have some people live on various chats i'm going to share this out on no stir as well if

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you're not on no stir like i i highly encourage you to uh to check out no stir um this is right

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now streaming on no stir apparently it's only streaming via the titcoin account um

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I don't know. I don't know why. Sometimes things just don't exactly work the way they're supposed

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to in Noster. I don't make the rules. Moral of the story being, you should check out Noster.

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But if you're not a Noster, that's okay too. I'll forgive you. You'll be there eventually,

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hopefully before you desperately need it. But thank you to everybody who's joining on other

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mediums. I see some of you have said this is working. I see somebody else said, nice,

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I'm a retard. That's, that's, that's sweet. I'm, I'm a retard too. Uh, obviously I said so right at

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the beginning. If you are watching this, I wonder how many times you can say retard before, before

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YouTube kicks you off. Should we find out? I think we're probably going to, I think we just might.

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They will probably kick me off soon enough. If you're watching this, wherever you're watching

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this, go ahead and give it a share. I, you do not have to like, and subscribe. I think that's only a

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on YouTube. So feel free to not like and not subscribe unless you want to. Bitcoin doesn't

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really care. I don't really care either. Honestly, I kind of fucking hate YouTube.

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How many times can you say retard and I hate YouTube and YouTube's retarded before YouTube

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will just cut your live stream? We are going to find out tonight, guys. Again, I digress. But if

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you do want to share the stream, feel free to. That'd be neat, I guess. If you want to subscribe

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on YouTube so that more normies see this show.

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That's cool too.

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I recommend you check out this show on Fountain.

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They do not pay me to say that.

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Fountain is a Bitcoin and Noster podcasting app.

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They do not pay me to say that.

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I actually pay them to host my show on Fountain.

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So you know that I mean it when I say

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you should check out Fountain.

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Point being, YouTube's a bit retarded.

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But you know what?

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YouTube's also top of the funnel.

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And the reason that I have a podcast in the first place

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and the reason that you should probably start a podcast too

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that you can actually reach outside of the echo chamber a little bit,

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but that's really hard to do

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because YouTube's algorithm is a fickle bitch, apparently.

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And I am just terrible at catering to that algorithm,

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but it is what it is, right?

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Okay, back to shitcoiners.

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And I want to, maybe something else,

262
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I'm just going to keep digressing,

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00:16:00,780 --> 00:16:02,400
then we're eventually going to bring it back full circle.

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This is the weave, as Trump calls it, you know, the weave.

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00:16:05,540 --> 00:16:07,080
Not nearly as good at weaving as him.

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He's quite a master at that.

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00:16:09,400 --> 00:16:14,120
but your fellow Bitcoiners are not shit coiners.

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00:16:14,180 --> 00:16:18,520
I'd like to clarify that with all of this fucking drama going on about core

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knots.

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I'd like to clarify that your fellow Bitcoiners are not shit coiners because

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they run a different node implementation than you,

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right?

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I think that all the Bitcoiners that I know,

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no matter what node implementation they run,

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there are people that I think are just awesome humans and glad to,

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glad to be in these Bitcoin trenches, pushing back against this fiat panopticon that we find

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ourselves in together. So when I say shitcoiners, I don't mean a Bitcoiner who's running a different

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node implementation than you. I just want to be very clear there. What I mean is people who've

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decided to just be degenerates. And honestly, people who just buy shitcoins, I don't even view

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them as like the true shitcoiners. Like you're only a shitcoiner if you're pumping shitcoins.

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And especially if you're an insider pumping shit coins, like those are the real fucking just lowest of the low people, the people who decide that they're going to essentially do the most fiat thing possible, which is just create their own, their own little shit, you know, fiat shit coin.

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Pretend that it has some sort of, some sort of value or it does something better than Bitcoin, you know, blockchain, not Bitcoin, right?

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and you know you're gonna pretend that lightning doesn't exist pretend that e-cash doesn't exist

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pretend of all these things just basically remain you know purposefully ignorant of all the reasons

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why your shitcoin is completely obsolete and you're gonna try to pump it to unsuspecting retail like

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the i think the xrp people are the fucking worst of the worst when it comes to this like they are

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just the absolute fucking worst and they're just everywhere right and they're just literally like

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central banker cucks like oh i swear this time bro jp you know jp morgan's gonna integrate xrp

289
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and it's just gonna be fucking awesome dude it's gonna go to a hundred and it's like no it's not

290
00:18:04,460 --> 00:18:09,780
you fucking idiot like you're just literally buying brad garlinghouse's bags but whatever

291
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i digress yet again okay bring this back on topic i swear i'm coming back now

292
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people who are down bad on shit coins are super bearish right now

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If you're underexposed to Bitcoin, you are super, super bearish right now.

294
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Understandably so.

295
00:18:26,120 --> 00:18:28,760
Like I would be bearish if I was underexposed to Bitcoin.

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But I'm like very, you know, like, you know, that group irresponsibly long MSTR.

297
00:18:35,740 --> 00:18:42,180
Like I'm responsibly long Bitcoin because being responsibly long Bitcoin means having as much fucking Bitcoin as you possibly can.

298
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Like and as little fiat as you can.

299
00:18:44,180 --> 00:18:45,800
Like that's the responsible thing to do.

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00:18:46,360 --> 00:18:49,000
Like, yeah, you should keep a little bit of fiat like in case you need stuff.

301
00:18:49,000 --> 00:18:53,500
and so like if you're me like you know your your wife is not like hey why is our checking account

302
00:18:53,500 --> 00:18:58,520
at zero again and i'm like sorry baby luckily she's very understanding and she will literally

303
00:18:58,520 --> 00:19:02,700
be the one who's like did you like set limit orders for the you know in case it dips even

304
00:19:02,700 --> 00:19:08,940
further and i'm like yeah i totally did babe like let me just do that right now it's so good she's

305
00:19:08,940 --> 00:19:15,820
not watching this right now she's peacefully asleep as is our son but if you are underexposed

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00:19:15,820 --> 00:19:20,260
to Bitcoin, I can understand why you'd be a little freaked out right now. If you are viewing this

307
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as a stacking opportunity, an opportunity to get a little bit more Bitcoin right now for your

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00:19:26,800 --> 00:19:33,440
dollars, like your dollar right now goes farther than it did yesterday. And like, I think Bitcoin's

309
00:19:33,440 --> 00:19:38,320
been down for like 12 straight days or something, just been like chopping right down. And you know

310
00:19:38,320 --> 00:19:47,300
what? Every day my DCA buys just a little bit more. I think that's kind of a kind of an awesome

311
00:19:47,300 --> 00:19:57,140
thing. Honestly, it's like I like when my infinitely printable fiat cuck bucks buy me a little bit more

312
00:19:57,140 --> 00:20:06,440
Bitcoin. That's like, that's a good day for me. And I'm reminded of the, the why am I hodling?

313
00:20:06,440 --> 00:20:09,760
And yes, for anyone listening, it is hodling, not hodling.

314
00:20:10,000 --> 00:20:17,640
And you can literally watch a video of the guy who inadvertently created one of the most epic Bitcoin memes saying it.

315
00:20:17,660 --> 00:20:25,220
And even he says hodling, like, because he's literally talking about holding, but he misspelled it as hodling.

316
00:20:25,500 --> 00:20:27,440
So, like, I just don't understand.

317
00:20:27,600 --> 00:20:30,280
And I get that American hodl identifies as hodl.

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That's totally fine.

319
00:20:31,240 --> 00:20:31,880
I respect that.

320
00:20:32,260 --> 00:20:33,160
But it is hodling.

321
00:20:33,780 --> 00:20:34,580
Case closed.

322
00:20:34,580 --> 00:20:38,560
but maybe it's worthwhile just reading that for those who aren't aware or think that,

323
00:20:38,700 --> 00:20:42,140
first of all, a hodol does not mean hold on for dear life.

324
00:20:42,340 --> 00:20:43,340
I don't know who told you that.

325
00:20:43,540 --> 00:20:46,040
It was probably like CNBC, but they're wrong.

326
00:20:47,100 --> 00:20:50,860
But the actual meme, and maybe I'll just pop this on screen.

327
00:20:50,960 --> 00:20:51,280
Let's see.

328
00:20:51,980 --> 00:20:52,780
Let's see here.

329
00:20:52,980 --> 00:20:54,020
Can I get this up on screen?

330
00:20:55,060 --> 00:20:56,400
I need my producer, Jamie.

331
00:20:57,220 --> 00:20:58,200
Where are you at?

332
00:20:58,300 --> 00:20:58,980
Can we pull that up?

333
00:20:59,700 --> 00:20:59,980
No?

334
00:21:00,500 --> 00:21:01,260
Okay, we'll see.

335
00:21:02,260 --> 00:21:02,920
We'll see.

336
00:21:04,580 --> 00:21:09,600
But this guy really just, I mean, there's a reason it became one of the most epic memes ever, right?

337
00:21:09,620 --> 00:21:12,180
Like he captured the zeitgeist.

338
00:21:12,300 --> 00:21:14,280
Okay, let's see.

339
00:21:14,400 --> 00:21:14,880
Here it is.

340
00:21:16,560 --> 00:21:17,920
I am hodling.

341
00:21:18,440 --> 00:21:22,940
I type it that title twice because I knew it was wrong the first time.

342
00:21:22,940 --> 00:21:23,680
Still wrong.

343
00:21:24,180 --> 00:21:24,520
Whatever.

344
00:21:25,380 --> 00:21:26,920
GF's out at a lesbian bar.

345
00:21:27,560 --> 00:21:28,280
I don't have a GF.

346
00:21:28,360 --> 00:21:31,460
I do have a beautiful wife who is currently snugly asleep in our bed.

347
00:21:32,400 --> 00:21:33,940
Our little son is asleep in our crib.

348
00:21:33,940 --> 00:21:39,700
but and maybe i wonder if this guy married his girlfriend again i digress btc crashing why am

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00:21:39,700 --> 00:21:44,640
i hodling holding actually said holding this time why am i holding i'll tell you why it's because

350
00:21:44,640 --> 00:21:49,900
i'm a bad trader and i know i'm a bad trader yeah you good traders can spot the highs and the lows

351
00:21:49,900 --> 00:21:57,460
pit pat piffy wing wong wang just like that and make a million bucks no problem bro likewise the

352
00:21:57,460 --> 00:22:03,280
weak hands are like oh no it's going down i'm gonna sell hey and then they're like oh god my

353
00:22:03,280 --> 00:22:10,240
asshole when the smart traders who know what the fuck they're doing buy back in but you know what

354
00:22:10,240 --> 00:22:15,440
i'm not part of that group when the traders buy back in i'm already part of the market capital

355
00:22:15,440 --> 00:22:22,900
so guess who you're cheating day traders not me exclamation point those taunt threads saying oh

356
00:22:22,900 --> 00:22:27,800
you should have sold yeah no shit no shit i should have sold i should have sold moments before every

357
00:22:27,800 --> 00:22:32,200
sell and bought moments before every buy but you know what not everybody is as cool as you

358
00:22:32,200 --> 00:22:37,760
you only sell in a bear market if you're a good day trader or an illusioned noob. The people in

359
00:22:37,760 --> 00:22:43,640
between hold. In a zero-sum game such as this, traders can only take your money if you sell.

360
00:22:44,220 --> 00:22:49,700
So I've had some whiskey. Actually, in the bottle it's spelled whiskey. Whatever. Sue me. But only

361
00:22:49,700 --> 00:22:58,580
if it's payable in BTC. What a fucking legend. And also, like, this is kind of like, the reason

362
00:22:58,580 --> 00:23:03,300
this is so beautiful is because it just, it still rings true. Like everybody has felt this, like

363
00:23:03,300 --> 00:23:10,380
I'm a terrible trader, right? I dabble in some of the, like, like with like a inconsequential

364
00:23:10,380 --> 00:23:13,760
amount of money dabble in some of the, you know, the Bitcoin treasury companies and whatnot,

365
00:23:13,760 --> 00:23:18,720
because I like to remind myself of what a shitty trader I am. Like I like to get wrecked just a

366
00:23:18,720 --> 00:23:21,620
little bit. So it's like, Oh, you know what? I should have just bought Bitcoin. Or if I do

367
00:23:21,620 --> 00:23:25,460
outperform like a little bit over a low timeframe and manage to convert something into Bitcoin,

368
00:23:25,460 --> 00:23:38,280
And it's like, wow, I just spent way much, like so much more time than I should have paying attention to the charts of things that aren't Bitcoin when I could have just been like living my life or doing something productive or focusing my craft or spending time with my family.

369
00:23:38,500 --> 00:23:47,580
But instead, I like wasted all this time trying to eke out a couple extra percentage points on top of the best performing asset in the like the fucking history of the world.

370
00:23:48,060 --> 00:23:51,640
And I was like, oh, you know, I'll just I'll just I'll just beat I'll just beat Bitcoin.

371
00:23:51,760 --> 00:23:53,360
Like, no, you're just not going to be Bitcoin.

372
00:23:53,440 --> 00:23:54,220
Like some people will.

373
00:23:54,560 --> 00:23:58,140
Some people are good traders, like some just super autists.

374
00:23:58,220 --> 00:24:01,680
Like I'm not autistic enough to be a truly good trader.

375
00:24:02,040 --> 00:24:02,800
I'm a bad trader.

376
00:24:02,900 --> 00:24:04,300
And so are you most likely.

377
00:24:04,540 --> 00:24:05,580
I'm sorry if that hurts.

378
00:24:06,280 --> 00:24:08,420
And if you're listening to this right now, you're like, I'm not a bad trader.

379
00:24:08,480 --> 00:24:09,620
I'm a fucking good trader.

380
00:24:09,780 --> 00:24:12,560
I can spot the highs and lows, pit-poch, fiffy, wing-wang-wang.

381
00:24:13,340 --> 00:24:14,860
Like you're probably not.

382
00:24:15,680 --> 00:24:16,680
You're probably not.

383
00:24:17,260 --> 00:24:19,180
You're probably going to get wrecked.

384
00:24:19,180 --> 00:24:23,540
And even if you do well, like did you do well in dollar terms?

385
00:24:23,540 --> 00:24:25,160
or did you do well in Bitcoin terms?

386
00:24:25,160 --> 00:24:26,880
Because they're very different things.

387
00:24:27,620 --> 00:24:30,200
And if you're not beating out Bitcoin,

388
00:24:30,400 --> 00:24:32,240
like what is the fucking point?

389
00:24:32,840 --> 00:24:34,900
Like literally, what is the point?

390
00:24:35,460 --> 00:24:36,600
There is no point.

391
00:24:36,600 --> 00:24:38,660
And like, if you're not beating Bitcoin

392
00:24:38,660 --> 00:24:40,840
by a ridiculous margin,

393
00:24:41,160 --> 00:24:44,140
there's very much no point.

394
00:24:45,060 --> 00:24:48,140
You would need to be absolutely crushing Bitcoin's returns

395
00:24:48,140 --> 00:24:50,080
for it to be worth your time.

396
00:24:50,580 --> 00:24:52,700
But the reality is that you probably won't.

397
00:24:53,540 --> 00:24:56,600
And also, like, I don't know, man.

398
00:24:56,640 --> 00:24:58,240
It's like, what's the point of that?

399
00:24:58,280 --> 00:25:01,360
Like, you can just set a DCA for Bitcoin.

400
00:25:02,760 --> 00:25:06,980
You can just set an hourly, a daily, a weekly, or all three.

401
00:25:07,080 --> 00:25:07,920
Hell, why not?

402
00:25:09,000 --> 00:25:09,980
Multiple of all three.

403
00:25:10,040 --> 00:25:10,420
I don't know.

404
00:25:12,000 --> 00:25:13,540
You can save in Bitcoin.

405
00:25:14,320 --> 00:25:16,640
You can focus on creating value in some way.

406
00:25:16,640 --> 00:25:18,560
Hopefully, that's by starting a podcast.

407
00:25:18,980 --> 00:25:23,380
As we all know, starting a podcast is the highest form of value creation one could ever attain.

408
00:25:23,540 --> 00:25:25,820
and you should be starting a Bitcoin podcast.

409
00:25:25,960 --> 00:25:27,060
If you're listening to this right now,

410
00:25:27,100 --> 00:25:30,040
if you're up at, for me, it's 11.30 p.m.

411
00:25:30,040 --> 00:25:32,000
on a Friday night,

412
00:25:32,180 --> 00:25:36,460
listening to me rant on a live stream,

413
00:25:36,680 --> 00:25:38,520
you should be starting a podcast.

414
00:25:38,680 --> 00:25:40,980
You should be hosting a competing live stream right now.

415
00:25:41,360 --> 00:25:42,860
Maybe we should be live streaming together.

416
00:25:43,060 --> 00:25:43,960
I don't know.

417
00:25:44,620 --> 00:25:46,020
But you could be creating value that way.

418
00:25:46,720 --> 00:25:47,760
And in the background,

419
00:25:47,940 --> 00:25:49,660
you could just be automatically DCAing Bitcoin.

420
00:25:49,840 --> 00:25:50,900
And I think a lot of you are.

421
00:25:50,980 --> 00:25:52,560
Like if you are one of the psychopaths

422
00:25:52,560 --> 00:25:56,180
who is listening to this right now, first of all, cheers for being here. Thank you for being here.

423
00:25:56,300 --> 00:26:02,780
I'm really glad that you are. I'm really glad that you are. And what's up, Nathan? I see you.

424
00:26:02,880 --> 00:26:09,240
I see you in the comments there. How you doing, man? But yeah, if you are listening to this right

425
00:26:09,240 --> 00:26:13,120
now, you are probably one of the psychopaths who has just been DC-ing in the background.

426
00:26:14,640 --> 00:26:21,100
You're probably one of the psychopaths who has just been silently, quietly accumulating Bitcoin.

427
00:26:21,100 --> 00:26:26,080
and going about your life, spending time with your family.

428
00:26:26,760 --> 00:26:28,480
That is a beautiful, beautiful thing.

429
00:26:29,120 --> 00:26:30,780
Also, Nathan, I'm about to just send you,

430
00:26:30,880 --> 00:26:33,660
I'm about to drop you the link for this, man.

431
00:26:33,720 --> 00:26:34,980
You can jump in here if you want to.

432
00:26:35,580 --> 00:26:36,860
Why not? Let's just open it.

433
00:26:36,900 --> 00:26:37,880
Let's open it right up.

434
00:26:39,800 --> 00:26:43,260
But that's all you have to do.

435
00:26:44,880 --> 00:26:47,500
You should look at this as a beautiful opportunity

436
00:26:47,500 --> 00:26:48,860
to stack more corn.

437
00:26:48,860 --> 00:26:53,980
you should not be viewing it as like oh this is the fucking end of the world i was promised

438
00:26:53,980 --> 00:27:00,000
valhalla like this year you know all my favorite caps lock moon boys told me bitcoin was going to

439
00:27:00,000 --> 00:27:11,200
at least 444 000 and all i got was bit 444 now man it's going to be okay it's going to be just fine

440
00:27:11,200 --> 00:27:16,760
bitcoin is going to do what bitcoin is going to do at the moment that this is the funny thing about

441
00:27:16,760 --> 00:27:20,080
human psychology and I don't pretend to understand fucking human psychology.

442
00:27:20,300 --> 00:27:25,600
I don't, you know, I try to, I don't pretend to really understand the moment that you think

443
00:27:25,600 --> 00:27:26,920
you've got it figured out.

444
00:27:26,960 --> 00:27:27,980
The moment that you're like, you know what?

445
00:27:28,040 --> 00:27:31,060
I just need, maybe I just need to sell and I'll buy back lower, man.

446
00:27:31,700 --> 00:27:36,060
That is the moment where Bitcoin just takes your face, rips it off and wears it and puts

447
00:27:36,060 --> 00:27:36,760
it on its face.

448
00:27:36,760 --> 00:27:39,920
You know, it puts your face on Bitcoin, puts your face on Bitcoin's face.

449
00:27:40,020 --> 00:27:43,120
And it's like, you see, motherfucker, I fucking got you.

450
00:27:43,300 --> 00:27:45,340
And that's going to happen every single time.

451
00:27:45,340 --> 00:27:47,560
like that very moment,

452
00:27:47,680 --> 00:27:48,040
you know,

453
00:27:48,340 --> 00:28:00,465
it a good reminder It a good reminder that like you know know the cliches about investing or trading or whatever like the

454
00:28:00,985 --> 00:28:02,665
it's not about timing the market.

455
00:28:02,665 --> 00:28:04,245
It's about time in the market.

456
00:28:05,285 --> 00:28:07,325
Like they're cliches for a reason.

457
00:28:07,845 --> 00:28:09,725
They're cliches because they're true.

458
00:28:09,725 --> 00:28:12,185
They're cliches because it's really good advice.

459
00:28:12,645 --> 00:28:15,005
Like you shouldn't try to out trade.

460
00:28:15,125 --> 00:28:15,665
You shouldn't try to,

461
00:28:15,705 --> 00:28:15,845
you know,

462
00:28:15,845 --> 00:28:16,765
figure out the market.

463
00:28:16,865 --> 00:28:17,545
You shouldn't try to,

464
00:28:17,545 --> 00:28:18,545
to,

465
00:28:18,625 --> 00:28:18,845
to,

466
00:28:18,845 --> 00:28:19,885
to time this thing.

467
00:28:19,885 --> 00:28:28,705
You should just stack spot Bitcoin via dollar cost average and fucking live your life.

468
00:28:29,085 --> 00:28:31,705
That is the best thing that you could ever do.

469
00:28:32,225 --> 00:28:37,825
And that is the beauty of Bitcoin too, because you shouldn't have to be fucking watching charts all the time.

470
00:28:37,865 --> 00:28:41,085
You shouldn't have to be a master investor just to get by.

471
00:28:41,245 --> 00:28:46,565
That is like the biggest fucking biggest like con that fiat has pulled on us.

472
00:28:46,565 --> 00:28:53,625
the biggest like just honestly rip off is that somehow fiat has convinced everyone that you need

473
00:28:53,625 --> 00:28:59,565
to be not only you know do you need to like you need to work and your wife needs to work and maybe

474
00:28:59,565 --> 00:29:03,645
you know like you need to work like multiple jobs and like you need to work jobs just like

475
00:29:03,645 --> 00:29:07,545
at least one you know both of you need to work just that one of your salaries can go entirely

476
00:29:07,545 --> 00:29:11,525
just to spending you know spending on your kids child care like which just doesn't make any

477
00:29:11,525 --> 00:29:18,085
fucking sense like you know but okay i digress so many digressions i apologize guys but like the

478
00:29:18,085 --> 00:29:24,985
biggest con that fiat has pulled is that everyone needs to be like to have two jobs right you need

479
00:29:24,985 --> 00:29:29,965
to have your your job stacking fiat which is always depreciating but because it's always

480
00:29:29,965 --> 00:29:35,085
depreciating because you're constantly getting debased by a fucking cartel a cabal of central

481
00:29:35,085 --> 00:29:40,145
bankers who have absolute control over the monetary system because you're constantly being debased

482
00:29:40,145 --> 00:29:44,665
you have to have a second job or maybe it's your third because you already have two maybe it's your

483
00:29:44,665 --> 00:29:47,605
fourth because you already have three i don't know but you need to have another job which is

484
00:29:47,605 --> 00:29:54,005
trying to invest to beat the rate of inflation right you you have to spend so much time an

485
00:29:54,005 --> 00:30:01,245
inordinate amount of time just trying to keep pace with or beat inflation just trying to keep

486
00:30:01,245 --> 00:30:06,845
your head above water so the fruits of your labor are not debased to oblivion are not inflated to

487
00:30:06,845 --> 00:30:14,805
oblivion. Bitcoin completely changes that paradigm because you no longer have to spend all this time

488
00:30:14,805 --> 00:30:20,925
trying to figure out how you're going to beat the fiat debasement. It's Bitcoin. That's the answer.

489
00:30:20,925 --> 00:30:27,565
You just stack Bitcoin. You just set a DCA. And when Bitcoin dips a little bit, maybe you smash

490
00:30:27,565 --> 00:30:33,485
buy a little bit, you know, get a little crazy. But that's all you have to do. That's it. Like,

491
00:30:33,485 --> 00:30:37,525
you don't you don't have to do anything crazy you don't have to be a genius trader

492
00:30:37,525 --> 00:30:43,225
you you don't you don't have to do anything besides just stack bitcoin and that's like

493
00:30:43,225 --> 00:30:48,845
that's really hard i think for a lot of people it's hard because we've been told that

494
00:30:48,845 --> 00:30:56,445
you you have to do all these things that you that you have to be this this expert trader right

495
00:30:56,445 --> 00:31:02,585
that you have to be this somehow this this this genius you know who's able to

496
00:31:02,585 --> 00:31:04,845
Oh, and what's, hold on, we've got Nathan in the lobby right now.

497
00:31:05,125 --> 00:31:05,725
I love this.

498
00:31:06,085 --> 00:31:10,185
An impromptu live stream that turns into a Bitcoin podcasting party.

499
00:31:10,305 --> 00:31:11,325
We're letting Nathan in here.

500
00:31:11,785 --> 00:31:12,585
Nathan, what's up, dude?

501
00:31:14,385 --> 00:31:16,845
I was in the middle of cleaning and I was like, oh, Walker's live.

502
00:31:16,905 --> 00:31:17,325
Oh my goodness.

503
00:31:17,385 --> 00:31:18,165
Let's check this out.

504
00:31:18,185 --> 00:31:19,225
Let's see what's going on here.

505
00:31:19,725 --> 00:31:20,285
And I got to say.

506
00:31:20,585 --> 00:31:23,125
Let me throw my wired, my sick wired headphones.

507
00:31:23,285 --> 00:31:24,045
How many extra?

508
00:31:24,105 --> 00:31:24,485
Do it up.

509
00:31:25,045 --> 00:31:25,985
Oh, thank God.

510
00:31:26,025 --> 00:31:28,745
My MacBook Pro has some extra ports here.

511
00:31:28,765 --> 00:31:29,745
Let's throw these in there.

512
00:31:29,745 --> 00:31:33,205
I've been trying to use wired headphones so I don't get baked by Bluetooth as much.

513
00:31:33,965 --> 00:31:34,685
Nah, fair enough.

514
00:31:34,745 --> 00:31:36,285
I'm too bad with my earbuds all the time.

515
00:31:36,425 --> 00:31:37,485
They're basically 24-7.

516
00:31:37,565 --> 00:31:38,585
Well, you know what?

517
00:31:38,585 --> 00:31:39,565
Oh, we'll make them more.

518
00:31:39,645 --> 00:31:40,505
We'll find our way there.

519
00:31:40,585 --> 00:31:42,125
I'm just happy to see that you're hanging out live.

520
00:31:42,585 --> 00:31:43,145
Goddamn equipment.

521
00:31:43,225 --> 00:31:43,585
This is it.

522
00:31:43,665 --> 00:31:43,885
Fuck it.

523
00:31:43,905 --> 00:31:44,545
We'll do it live, right?

524
00:31:44,745 --> 00:31:45,545
We'll do it fucking live.

525
00:31:45,925 --> 00:31:47,785
You hearing extra reverb on my side?

526
00:31:48,445 --> 00:31:50,325
No, you sound clear as day to me.

527
00:31:50,485 --> 00:31:53,825
You sound absolutely gorgeous, wonderful, that deep baritone voice.

528
00:31:54,385 --> 00:31:55,525
I'm so envious of your mic.

529
00:31:55,645 --> 00:31:58,705
I still have not upgraded mine yet, and I've just been eyeing yours this whole time.

530
00:31:59,265 --> 00:32:00,805
Wait, are you talking microphones or voices?

531
00:32:01,205 --> 00:32:01,365
Microphone.

532
00:32:01,445 --> 00:32:01,845
Well, both.

533
00:32:01,885 --> 00:32:03,125
Both are actually absolutely wonderful.

534
00:32:03,325 --> 00:32:05,625
But that SM, was it SM7B?

535
00:32:05,865 --> 00:32:06,485
Yeah, it's sick.

536
00:32:06,985 --> 00:32:09,045
Every time I go to buy one, it's like, no, I got to do other things.

537
00:32:09,085 --> 00:32:09,725
I got to put it in Bitcoin.

538
00:32:10,425 --> 00:32:11,745
I'm hoping Christmas will be nice to me.

539
00:32:12,525 --> 00:32:14,425
You know, I believe that it will.

540
00:32:14,505 --> 00:32:15,165
I believe that it will.

541
00:32:15,445 --> 00:32:16,705
And let's see if I can get this hooked up.

542
00:32:16,785 --> 00:32:19,925
If not, as long as you're not hearing reverb, then honestly, it's all good by me.

543
00:32:19,925 --> 00:32:22,225
I just want to make sure that I'm not giving you a little double.

544
00:32:23,045 --> 00:32:27,765
So, you know, I decided, again, I'm not a live streamer, right?

545
00:32:28,265 --> 00:32:29,985
It's like, it's not my thing.

546
00:32:30,605 --> 00:32:33,725
But tonight, the wife was in bed.

547
00:32:34,425 --> 00:32:35,285
The kid was in bed.

548
00:32:36,345 --> 00:32:39,525
And I was like, let me just pop on here and just see what happens.

549
00:32:39,565 --> 00:32:40,305
And now look at this.

550
00:32:40,485 --> 00:32:42,365
Now we've got a little pod comp going on.

551
00:32:42,425 --> 00:32:44,045
And great, I'm hearing you through the AirPod.

552
00:32:44,145 --> 00:32:46,045
I'm baking my noodle a little bit with this Bluetooth.

553
00:32:46,725 --> 00:32:47,525
It's fantastic.

554
00:32:47,765 --> 00:32:48,405
It's fantastic.

555
00:32:48,565 --> 00:32:48,985
I don't know, man.

556
00:32:49,045 --> 00:32:49,565
How are you doing?

557
00:32:50,125 --> 00:32:55,505
So the reason I wanted to hop on here is because I figured there were probably some other, you know, psychopaths like me.

558
00:32:55,505 --> 00:32:56,825
Who are up late on a Friday night.

559
00:32:57,285 --> 00:32:57,485
Yep.

560
00:32:57,565 --> 00:32:59,545
Who are not out at the bar doing something like that.

561
00:32:59,745 --> 00:33:02,065
Who are like, you know what, just thinking about Bitcoin.

562
00:33:02,585 --> 00:33:05,185
And maybe scrolling on X or scrolling on Noster.

563
00:33:05,705 --> 00:33:08,545
And thinking, man, everybody's super bearish right now.

564
00:33:08,585 --> 00:33:13,945
But I'll be honest, I'm like, I'm just really weirdly bullish right now.

565
00:33:13,945 --> 00:33:14,925
I don't know about you.

566
00:33:15,605 --> 00:33:16,785
Like, you feel that?

567
00:33:17,385 --> 00:33:20,945
I'm kind of with you in the same sense that just like something doesn't feel quite right.

568
00:33:21,265 --> 00:33:23,665
And it feels so anticlimactic as well, too.

569
00:33:23,665 --> 00:33:27,945
Also, just the mood and the tenor for where we are, it's like, guys, it was so much worse in 2022.

570
00:33:28,605 --> 00:33:30,245
There's nothing to be upset about.

571
00:33:30,325 --> 00:33:30,725
Be patient.

572
00:33:30,825 --> 00:33:31,265
Be calm.

573
00:33:32,005 --> 00:33:32,665
And you know what it is?

574
00:33:32,685 --> 00:33:35,685
It's like I'm unbelievably bullish on Bitcoin.

575
00:33:35,825 --> 00:33:37,845
I wrote a newsletter about this actually this morning as well, too.

576
00:33:38,365 --> 00:33:40,325
I'm temporarily – I think this is a phase.

577
00:33:40,465 --> 00:33:44,405
I'm temporarily actually bearish on Bitcoin culture, which is why I was so excited to see that you were live streaming.

578
00:33:44,505 --> 00:33:46,525
It's like, yes, this is exactly what I needed right now.

579
00:33:46,525 --> 00:33:51,805
where I almost get the sense that from the ETFs and the derivatives and the treasury companies and all these things too,

580
00:33:51,885 --> 00:33:57,565
that we kind of got soft from our own victory in the sense that when I came into Bitcoin,

581
00:33:57,845 --> 00:34:00,725
it got wrapped up in my identity very quickly.

582
00:34:00,965 --> 00:34:03,545
I identified with the people and the culture and everything that was going on there.

583
00:34:03,605 --> 00:34:06,705
There was this monetary revolution of basically like cypherpunk pirates.

584
00:34:07,245 --> 00:34:08,745
I was like, oh, I want to be on their team.

585
00:34:08,825 --> 00:34:09,665
I'm here to change the world.

586
00:34:09,725 --> 00:34:11,085
This sounds absolutely amazing to me.

587
00:34:11,405 --> 00:34:14,525
But with the success over maybe like the last year with the institutional adoption,

588
00:34:14,525 --> 00:34:20,325
it just became another asset in people's portfolios it didn't it's it's no one no one

589
00:34:20,325 --> 00:34:26,025
identifies or has like a a culture behind s&p 500 right or commodities futures like it doesn't it

590
00:34:26,025 --> 00:34:30,625
doesn't matter and so i like i found myself wondering why did retail not get in here and

591
00:34:30,625 --> 00:34:35,425
i mean james check had some great um great insight and we both talked to him with regards to

592
00:34:35,425 --> 00:34:39,805
there were other alternatives in terms of like number go up technology but i think a part of it

593
00:34:39,805 --> 00:34:44,745
is it's just like the inspiring characters that we have in bitcoin that like sense of freedom and

594
00:34:44,745 --> 00:34:49,545
hope and optimism it was kind of like winning the mainstream and the institutional side kind of

595
00:34:49,545 --> 00:34:55,005
i think took the let's say we got we got soft in our victory and then additionally to with the

596
00:34:55,005 --> 00:34:58,565
favorable conditions in the trump administration the way things are kind of going as well too

597
00:34:58,565 --> 00:35:03,365
it's almost like we needed an adversary to be that inspirational kind of like underdog story

598
00:35:03,365 --> 00:35:07,865
and i think that's why it feels like it feels like a weird bear market but i think it's just

599
00:35:07,865 --> 00:35:10,545
because we don't have our people here necessarily rallying or the newcomers.

600
00:35:10,625 --> 00:35:13,085
I don't really think I've met anybody that's like a class of 2025.

601
00:35:14,165 --> 00:35:15,785
Dude, honestly, that's a really great point.

602
00:35:15,865 --> 00:35:18,925
And also I'd just like to point out that apparently X has,

603
00:35:19,025 --> 00:35:22,605
I don't know if X kicked me off the live stream or if the live stream just died,

604
00:35:22,685 --> 00:35:25,285
but it looks like it's still live on YouTube, which is.

605
00:35:25,285 --> 00:35:26,125
Definitely still live on YouTube.

606
00:35:26,705 --> 00:35:27,745
Okay, which is good.

607
00:35:28,025 --> 00:35:29,785
You know, man, I'm just not good at this live streaming thing.

608
00:35:30,145 --> 00:35:32,625
I like clearly, I like, I don't, I swear I didn't do anything though.

609
00:35:32,625 --> 00:35:34,465
I didn't, I swear I didn't piss off the X gods.

610
00:35:34,465 --> 00:35:39,785
I just uh I don't know I guess apparently maybe I don't know what I did I don't know what I did

611
00:35:39,785 --> 00:35:45,785
Nathan but you're absolutely right like something there's just a weird there's a weird vibe to

612
00:35:45,785 --> 00:35:50,365
things right now yeah and it's like I I think a lot of it is the institutional side of things

613
00:35:50,365 --> 00:35:54,905
where it's like everybody thought like wow these bitcoin treasury companies everything they're

614
00:35:54,905 --> 00:36:00,065
buying so much bitcoin and it's like but then it's like one og whale sells 80,000 coins and

615
00:36:00,065 --> 00:36:03,805
that just like wipes out every Bitcoin treasury company buy except for strategy.

616
00:36:03,805 --> 00:36:04,105
Right.

617
00:36:04,345 --> 00:36:04,485
Like,

618
00:36:04,545 --> 00:36:05,505
which is like people,

619
00:36:05,585 --> 00:36:06,085
I think,

620
00:36:06,225 --> 00:36:07,985
I think that people don't entirely realize.

621
00:36:08,045 --> 00:36:08,245
And like,

622
00:36:08,265 --> 00:36:10,625
also OG whales selling is like a good thing.

623
00:36:10,885 --> 00:36:13,425
Like the distribution of coins is a very good thing.

624
00:36:13,485 --> 00:36:14,585
Like that is a healthy thing.

625
00:36:14,665 --> 00:36:16,065
That's what's going to naturally happen.

626
00:36:17,445 --> 00:36:19,005
But it's,

627
00:36:19,085 --> 00:36:20,785
it's uncomfortable for people because they're like,

628
00:36:20,865 --> 00:36:22,605
why number not go up faster?

629
00:36:22,605 --> 00:36:22,945
And it's like,

630
00:36:22,965 --> 00:36:23,085
well,

631
00:36:23,085 --> 00:36:26,385
because there's guys with tens of thousands of coins who have held them for,

632
00:36:26,385 --> 00:36:26,825
you know,

633
00:36:27,185 --> 00:36:29,605
15 years who are selling now.

634
00:36:30,065 --> 00:36:34,105
and they're selling way more coins than the treasury companies are buying.

635
00:36:34,245 --> 00:36:37,965
And yeah, plebs like you and I are having our DCA buy us a few more sats,

636
00:36:38,005 --> 00:36:40,145
and we're like, yeah, but for a lot of people,

637
00:36:41,345 --> 00:36:45,545
it's an interesting point about not knowing about class of 2025 people,

638
00:36:45,625 --> 00:36:48,085
but I'm wondering also, it's like maybe class 2025 people,

639
00:36:48,245 --> 00:36:51,825
they're not an X or they're not a Noster or whatever.

640
00:36:52,125 --> 00:36:53,105
They're not as vocal.

641
00:36:53,225 --> 00:36:54,405
Maybe they're just silently stacking,

642
00:36:54,645 --> 00:36:56,345
and right now maybe they're feeling some pain.

643
00:36:56,465 --> 00:36:56,805
I don't know.

644
00:36:56,945 --> 00:36:58,365
Maybe they are here on YouTube.

645
00:36:58,365 --> 00:37:03,925
Maybe they're here watching this stream right now because they can't be watching it on X anymore, apparently, because X just kicked me off.

646
00:37:04,485 --> 00:37:06,365
These sons of bitches.

647
00:37:06,885 --> 00:37:07,625
But yeah, I don't know.

648
00:37:07,825 --> 00:37:10,125
The vibes are weird, but I'm just feeling bullish.

649
00:37:10,265 --> 00:37:11,045
Like, I can't help it.

650
00:37:11,585 --> 00:37:15,545
What if you could lower your tax bill and stack Bitcoin at the same time?

651
00:37:15,705 --> 00:37:18,525
Well, by mining Bitcoin with blockware, you can.

652
00:37:18,805 --> 00:37:27,665
New tax guidelines from the big, beautiful bill allow American miners to write off 100% of the cost of their mining hardware in a single tax year.

653
00:37:27,665 --> 00:37:30,465
That is right, a 100% write-off.

654
00:37:30,585 --> 00:37:33,885
So if you have $100,000 in capital gains or income,

655
00:37:34,045 --> 00:37:38,565
you can purchase $100,000 worth of miners and offset it entirely.

656
00:37:38,805 --> 00:37:43,545
Blockware's mining as a service enables you to start mining right now without lifting a finger.

657
00:37:43,805 --> 00:37:48,365
Blockware handles everything from securing the miners to sourcing low-cost power

658
00:37:48,365 --> 00:37:50,125
to configuring the mining pool.

659
00:37:50,305 --> 00:37:51,205
They do it all.

660
00:37:51,565 --> 00:37:54,805
You get to stack Bitcoin at a discount every single day

661
00:37:54,805 --> 00:37:57,745
while also saving big come tax season.

662
00:37:58,065 --> 00:37:59,605
Get started today by going to

663
00:37:59,605 --> 00:38:03,145
mining.blockwaresolutions.com

664
00:38:03,145 --> 00:38:04,725
slash titcoin.

665
00:38:05,065 --> 00:38:09,265
Again, that's mining.blockwaresolutions.com

666
00:38:09,265 --> 00:38:10,605
slash titcoin.

667
00:38:10,965 --> 00:38:13,805
Use the code titcoin to get $100 off

668
00:38:13,805 --> 00:38:16,385
your first miner when using the Blockware marketplace.

669
00:38:17,125 --> 00:38:19,065
Of course, none of this is tax advice from me.

670
00:38:19,365 --> 00:38:21,545
Go speak with the team at Blockware to learn more.

671
00:38:21,545 --> 00:38:22,925
One more time, that is

672
00:38:22,925 --> 00:38:30,465
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673
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674
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675
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676
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677
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679
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680
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681
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682
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684
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685
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686
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687
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688
00:40:15,705 --> 00:40:19,005
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689
00:40:19,205 --> 00:40:27,565
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690
00:40:27,565 --> 00:40:31,545
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691
00:40:31,745 --> 00:40:34,105
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692
00:40:34,365 --> 00:40:40,625
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693
00:40:41,025 --> 00:40:42,145
Now, back to the show.

694
00:40:42,625 --> 00:40:49,325
I agree. It's funny how it's for the longest time, like coins being centralized, like, oh, it's only controlled by a handful of people, was the FUD.

695
00:40:49,565 --> 00:40:54,485
And now that those are being distributed, which is like the wonderful free market in action, now that's the new FUD, right?

696
00:40:54,485 --> 00:40:56,625
The whales are selling. It's like the whales are holding or the whales are selling.

697
00:40:56,625 --> 00:40:58,465
Pick one, guys. What's the issue here?

698
00:40:58,745 --> 00:41:00,285
This is always going to be the natural progression.

699
00:41:01,005 --> 00:41:06,645
For me, I think actually one of the most bullish things about this is the death of the four-year cycle narrative

700
00:41:06,645 --> 00:41:10,865
because I think things just don't become exciting again until they're not predictable.

701
00:41:11,465 --> 00:41:16,645
If everyone feels like they know what's going to happen and we're going to get the same rally into the end of the year,

702
00:41:17,325 --> 00:41:19,065
it loses its mystery.

703
00:41:19,205 --> 00:41:22,165
People have to feel like there's a chance that it's going to rocket up.

704
00:41:22,265 --> 00:41:24,705
They don't know what's necessarily going to happen next for it to get exciting again.

705
00:41:24,705 --> 00:41:26,485
It has to be adventurous.

706
00:41:26,625 --> 00:41:34,185
i kind of like that like people are like i uh who is i think it was uh i forget for this i was

707
00:41:34,185 --> 00:41:39,045
talking to american hodl but he was like or maybe it was nico i don't remember multiple people said

708
00:41:39,045 --> 00:41:44,325
this to me but like like look we're listen we're we're all just addicted to dopamine like yeah that

709
00:41:44,325 --> 00:41:49,325
that that's what it comes down to like every everyone here is is addicted to dopamine and

710
00:41:49,325 --> 00:41:55,525
you know what that's like when your dopamine doesn't hit hard enough that's that's why like

711
00:41:55,525 --> 00:42:00,165
like or like bitcoin is not pumping hard enough for you it's somehow boring to you even though

712
00:42:00,165 --> 00:42:06,045
it's sitting at 95 000 fiat cuck bucks per coin and and it's like you're just addicted to dopamine

713
00:42:06,045 --> 00:42:10,505
like you you just want that hard hitting that insanely hard hitting rally right but you're just

714
00:42:10,505 --> 00:42:15,345
not getting it and so you're like well fuck this like i don't know i'm i'm bored with this i'm now

715
00:42:15,345 --> 00:42:19,005
embarrassed like all of a sudden but it's like nothing has changed like this is actually like

716
00:42:19,005 --> 00:42:24,945
such an insanely bullish week with just everything happening with with with square uh i mean like

717
00:42:24,945 --> 00:42:32,545
Like Square and Cash App, like for medium of exchange-wise, this was an insanely, insanely bullish week.

718
00:42:32,945 --> 00:42:37,565
But here people are just like more bearish than ever, which is just – I don't know.

719
00:42:38,045 --> 00:42:38,645
I don't know, man.

720
00:42:38,745 --> 00:42:39,165
It's like –

721
00:42:39,165 --> 00:42:41,885
The volatility was always supposed to be the – yes.

722
00:42:42,005 --> 00:42:44,305
The volatility was always supposed to be the icing, the cherry on top.

723
00:42:44,345 --> 00:42:45,345
It was a nice thing that came with it.

724
00:42:45,345 --> 00:42:47,085
But there was all this meaning in this mission behind it.

725
00:42:47,125 --> 00:42:49,945
And it goes back to like that idea kind of around culture in the sense that you're right.

726
00:42:50,945 --> 00:42:52,665
It's like they only came for the sugar, right?

727
00:42:52,745 --> 00:42:53,545
It's like no, no, no.

728
00:42:53,645 --> 00:42:54,445
Like that's the fun part.

729
00:42:54,485 --> 00:42:54,785
That's fun.

730
00:42:54,785 --> 00:42:55,385
We love the dopamine.

731
00:42:55,565 --> 00:42:56,365
We love the giant crash.

732
00:42:56,425 --> 00:42:57,865
We love the giant rally up as well, too.

733
00:42:57,945 --> 00:42:58,745
But you're right.

734
00:42:58,845 --> 00:43:01,965
What Jack Dorsey and Square and Cash App did this week is massive.

735
00:43:02,065 --> 00:43:03,385
And not even just from medium of exchange.

736
00:43:03,385 --> 00:43:09,385
The cultural significance, the psychological significance of seeing that Bitcoin logo on every fucking terminal.

737
00:43:09,525 --> 00:43:09,705
Sorry.

738
00:43:09,985 --> 00:43:11,045
All the way through.

739
00:43:11,265 --> 00:43:11,465
You can swear.

740
00:43:11,665 --> 00:43:12,145
You can say fucking.

741
00:43:12,145 --> 00:43:12,285
Thank you.

742
00:43:12,365 --> 00:43:12,825
I was just sure.

743
00:43:12,925 --> 00:43:13,405
I was like, oh, crap.

744
00:43:13,485 --> 00:43:14,065
I got to pull my punches.

745
00:43:14,265 --> 00:43:15,445
I was saying retard a lot earlier.

746
00:43:15,565 --> 00:43:17,245
And I was like, oh, I'm so glad that we're back.

747
00:43:17,505 --> 00:43:21,465
And I was like, oh, if I say YouTube's retarded, is that going to get me kicked off?

748
00:43:21,525 --> 00:43:22,325
Like, I don't know.

749
00:43:22,385 --> 00:43:23,125
I guess we'll see.

750
00:43:23,325 --> 00:43:24,065
Like, we'll find out.

751
00:43:24,065 --> 00:43:25,085
But yeah, continue.

752
00:43:25,785 --> 00:43:30,365
No, you're right in the sense that we're absolutely winning on some of the most critical points, too.

753
00:43:30,565 --> 00:43:32,145
And you can look at the reverse side of the coin, too.

754
00:43:32,145 --> 00:43:36,245
Like the whole issue with the 50-year mortgages and Canada's looking at UBI.

755
00:43:36,505 --> 00:43:40,485
It's like you can look at the positives of what Bitcoin's going to do, and you can look at the negatives of what fiat's about to do.

756
00:43:40,545 --> 00:43:41,885
And either way, it's kind of a win.

757
00:43:42,305 --> 00:43:45,325
So being bearish here, it's just you're not getting your dopamine fixed.

758
00:43:45,365 --> 00:43:47,445
But there's so much more that's available, too, right?

759
00:43:47,665 --> 00:43:50,885
And you've got great builders in the space coming out with awesome stuff all the time as well, too.

760
00:43:50,885 --> 00:43:55,605
right like there's i've got tech to report on every week because somebody's building something

761
00:43:55,605 --> 00:44:02,145
phenomenal right it's it's it's it's a weird time it's a weird vibe but i think it's just because

762
00:44:02,145 --> 00:44:07,325
you're right we have a maybe we're maybe we were a dopamine addicted crowd and we we lost our fix

763
00:44:07,325 --> 00:44:11,825
there for a little bit so everyone's just kind of hurting and um finding their new finding their

764
00:44:11,825 --> 00:44:15,645
new base we might have to get some withdraw go through some withdrawals on this one maybe it is

765
00:44:15,645 --> 00:44:18,225
like post gold ETF, right?

766
00:44:18,565 --> 00:44:21,525
Where it's just this kind of slow grind up over the next 10 years, which would not be

767
00:44:21,525 --> 00:44:24,265
exciting, which would be totally appropriate and kind of normal as well, too.

768
00:44:24,645 --> 00:44:29,125
So maybe we just got to adjust to a different sort of different sort of lifestyle.

769
00:44:29,285 --> 00:44:29,945
I think that's OK.

770
00:44:31,325 --> 00:44:35,165
I think checkmate is someone who talks about this a lot, like the idea that like Bitcoin

771
00:44:35,165 --> 00:44:36,745
just can like bore you to a million.

772
00:44:37,345 --> 00:44:41,425
You know, it's just like you're just you're going to be bored the whole time that all of

773
00:44:41,425 --> 00:44:42,845
a sudden it's going to be like, well, oh, shit.

774
00:44:42,845 --> 00:44:46,725
That's like, I guess we're at a million right now.

775
00:44:46,805 --> 00:44:48,985
Okay, well, okay, there we go.

776
00:44:49,125 --> 00:44:49,465
We're there.

777
00:44:49,665 --> 00:44:49,925
Fine.

778
00:44:50,645 --> 00:44:54,565
And I feel like that is kind of like the vibe of what's happening right now.

779
00:44:54,665 --> 00:45:03,205
It's just everyone is kind of getting a little complacent, getting a little bit like, okay, well, I guess this was the worst bull run in history.

780
00:45:03,245 --> 00:45:06,985
And it's like, I just don't think the bull run has even started yet.

781
00:45:07,425 --> 00:45:07,785
You know?

782
00:45:08,025 --> 00:45:10,705
Like, I just don't even think we're there yet.

783
00:45:10,705 --> 00:45:14,225
I think that we're just right in the early innings.

784
00:45:14,365 --> 00:45:16,165
And it's interesting what you brought about the four-year cycle

785
00:45:16,165 --> 00:45:19,165
because there's been so much debate about this, right?

786
00:45:20,165 --> 00:45:23,025
It's honestly become almost its own cliche at this point.

787
00:45:23,225 --> 00:45:25,345
The four-year cycles are dead, but are they dead?

788
00:45:25,445 --> 00:45:27,105
But did they ever exist? I don't know.

789
00:45:27,885 --> 00:45:29,965
And I don't know.

790
00:45:31,185 --> 00:45:32,265
I'm a little torn on this.

791
00:45:32,265 --> 00:45:35,325
Part of me just thinks that, yes, obviously,

792
00:45:36,105 --> 00:45:40,445
the halvings have an impact on new supply entering.

793
00:45:40,445 --> 00:45:42,425
But they also have a diminishing impact, right?

794
00:45:42,585 --> 00:45:44,725
Halvings will like necessarily have a diminishing impact.

795
00:45:44,845 --> 00:45:49,865
But by the same token, like the fiat price of Bitcoin at each having like keeps going up.

796
00:45:49,945 --> 00:45:55,665
So like, OK, they have like a diminishing Bitcoin impact, but they have like also an increasing fiat impact.

797
00:45:55,785 --> 00:45:57,325
Like that's like that's tough to quantify, right?

798
00:45:57,345 --> 00:46:05,565
Like the block reward now of 3.125 Bitcoin is worth so much more than the 50 Bitcoin block reward back in the day.

799
00:46:05,565 --> 00:46:12,045
But, you know, it's still a diminishing impact in terms of the Bitcoin and exponentially so.

800
00:46:13,085 --> 00:46:14,405
But I don't know.

801
00:46:14,525 --> 00:46:22,305
It just it feels like in prior or like in the prior cycles, first of all, they happen to line up with elections.

802
00:46:22,685 --> 00:46:23,865
I don't know if that's purposeful or not.

803
00:46:23,865 --> 00:46:23,885
Yeah, agreed.

804
00:46:24,165 --> 00:46:27,345
Like U.S. elections at least and like a lot of world elections.

805
00:46:27,345 --> 00:46:28,645
But they happen to line up with elections.

806
00:46:29,265 --> 00:46:33,265
They've happened to coincide with kind of fiat liquidity cycles as well.

807
00:46:34,265 --> 00:46:34,705
Okay.

808
00:46:35,565 --> 00:46:42,825
And then, but as we go forward, it's like, but what if those like, okay, elections are going to keep going, right?

809
00:46:42,845 --> 00:46:44,165
We're going to keep kind of lining up with elections.

810
00:46:44,165 --> 00:46:46,265
But like fiat liquidity cycles, I don't know, man.

811
00:46:47,005 --> 00:46:55,705
Like we were, we were, Bitcoin was pumping during Biden as they had the, went into like the Fed went into some of the biggest monetary tightening, relatively speaking, in history.

812
00:46:55,845 --> 00:46:58,045
So like that kind of breaks a little bit of the paradigm there.

813
00:46:58,045 --> 00:47:02,045
Like monetary conditions were tightening and yet Bitcoin was pumping.

814
00:47:02,725 --> 00:47:04,005
So like how does that work?

815
00:47:04,005 --> 00:47:06,525
And now it's like they're loosening and Bitcoin's dipping.

816
00:47:06,685 --> 00:47:07,525
So like, okay.

817
00:47:08,265 --> 00:47:14,865
But then it's like, again, I just come back to like on a long enough timeframe, Bitcoin is just going to beat the pants off of absolutely everything else.

818
00:47:15,565 --> 00:47:24,645
And that's why I feel this just general sense of Zen right now because it's like, yes, am I watching the fiat value of my stack fluctuate wildly?

819
00:47:25,105 --> 00:47:25,505
Sure.

820
00:47:26,345 --> 00:47:28,925
But I know what I hold.

821
00:47:29,325 --> 00:47:31,265
Like I know that I have Bitcoin.

822
00:47:31,445 --> 00:47:32,385
Like I have real Bitcoin.

823
00:47:32,385 --> 00:47:33,385
I have it in self-custody.

824
00:47:33,385 --> 00:47:34,945
I have it in multi-sig, right?

825
00:47:35,025 --> 00:47:38,765
Like I can't even spend it if I want it to without doing a lot of traveling.

826
00:47:38,985 --> 00:47:39,785
Like let's just say that.

827
00:47:39,925 --> 00:47:43,585
Like I've got to do a lot of work to be able to spend any Bitcoin.

828
00:47:45,185 --> 00:47:47,645
Like maybe too much work, honestly.

829
00:47:47,785 --> 00:47:48,565
It's really difficult.

830
00:47:48,645 --> 00:47:54,665
But I was like I want to make it so that if somebody ever comes and tries to put a gun to my head, like there's nothing I can do.

831
00:47:54,865 --> 00:47:55,485
There's nothing I can do.

832
00:47:55,505 --> 00:47:56,445
It'll take a long time.

833
00:47:57,025 --> 00:47:58,865
Also, I'll have a gun to your head first, motherfucker.

834
00:48:00,325 --> 00:48:02,365
Is this the kind of stuff that gets me kicked off of YouTube?

835
00:48:02,625 --> 00:48:04,045
I just – I don't even know.

836
00:48:04,225 --> 00:48:04,645
I hope not.

837
00:48:05,125 --> 00:48:05,965
No, you're totally fine.

838
00:48:06,285 --> 00:48:08,305
Metaphorically also or figuratively.

839
00:48:08,705 --> 00:48:09,225
In Minecraft.

840
00:48:09,485 --> 00:48:12,785
I remember with Tom Luongo, he was always like, we're going to kill the politicians in Minecraft.

841
00:48:13,145 --> 00:48:13,725
Not a game.

842
00:48:13,805 --> 00:48:14,685
It's a game, not real life.

843
00:48:14,725 --> 00:48:16,425
He always threw that little prefix at the end there too.

844
00:48:16,425 --> 00:48:20,805
The only thing I ever got in trouble from was actually someone telling their previous stories of abuse.

845
00:48:20,945 --> 00:48:25,045
And I think there was a little bit of a touch of stories of self-harm as well too without using those words particularly.

846
00:48:25,645 --> 00:48:28,805
That was the only one that I think ever saw I got flagged on the back end for me.

847
00:48:28,985 --> 00:48:30,465
But no, I think you're absolutely right.

848
00:48:30,465 --> 00:48:32,345
It's funny because this is my idiot pleb opinion.

849
00:48:32,505 --> 00:48:39,385
But as you were talking, the thing kind of struck me, and I forget what this effect is called, but it's something regarding having perceived value because it had value yesterday.

850
00:48:39,645 --> 00:48:43,725
Like the reason that you think your money is going to have value tomorrow or people accept that money has value tomorrow is because it had money yesterday.

851
00:48:43,865 --> 00:48:45,445
It's always this kind of rear-facing effect.

852
00:48:46,305 --> 00:48:47,625
And so it can decline slowly over time.

853
00:48:47,705 --> 00:48:49,325
But like $100 is good today.

854
00:48:49,385 --> 00:48:53,745
It's probably going to be somewhat close to that tomorrow just based on recent memory of it too.

855
00:48:54,125 --> 00:48:57,765
And I wonder how much of the four-year cycle was just an echo of the early days.

856
00:48:57,765 --> 00:49:02,485
Because you're right, in the early days, the mining subsidy meant a lot more in terms of the – again, stock to flow, right?

857
00:49:02,525 --> 00:49:06,865
Again, stupid model, but the idea is still there in terms of the available supply, what's coming on, and who the big sellers are.

858
00:49:06,945 --> 00:49:07,885
The sellers are coming from miners.

859
00:49:08,025 --> 00:49:10,065
Miners are the ones that are mostly selling, I think, at that point in time.

860
00:49:10,605 --> 00:49:13,305
And so I wonder how much of like it had an effect.

861
00:49:13,445 --> 00:49:15,685
Maybe cycle one, maybe cycle two as well too.

862
00:49:16,085 --> 00:49:20,565
But it was almost like just a psychological echo of just like it happened for the early people for the first point.

863
00:49:20,665 --> 00:49:23,665
So they just continued to – it was like a self-fulfilling prophecy.

864
00:49:23,665 --> 00:49:32,425
It was just a psychological effect, and that's why it's dwindling over time, even more so than the subsidy decreasing or in tandem with it, that it was just – that was the expectations.

865
00:49:32,705 --> 00:49:36,385
And as we go forward, that just declines and declines and declines until it's no longer the expectation.

866
00:49:38,565 --> 00:49:41,705
Yeah, I mean what's the – what's that one saying?

867
00:49:41,825 --> 00:49:49,305
It's like happiness is like expectations minus reality or something to that effect.

868
00:49:49,305 --> 00:50:06,065
And I think that kind of like that plays into the psychology here where if you think that you were really sure that Bitcoin was just going to melt faces like it was going to be, you know, it was going to be October and Moonvember and all of these things.

869
00:50:06,245 --> 00:50:13,805
And now it's like Bitcoin is like Bitcoin's down from when Trump got in from Trump's inauguration, I think, which is kind of like kind of wild.

870
00:50:13,905 --> 00:50:14,125
Right.

871
00:50:14,805 --> 00:50:15,605
Back to the beginning.

872
00:50:15,605 --> 00:50:27,825
But really, like, you know, I'm looking at like I opened an account on River, I think just before Trump's just before Trump got elected.

873
00:50:27,965 --> 00:50:30,465
By the way, I'm not sponsored by River, just like their product.

874
00:50:30,765 --> 00:50:32,065
It's a solid product.

875
00:50:32,065 --> 00:50:33,505
If they'd like to, if they're listening, I'm sure you take it.

876
00:50:33,525 --> 00:50:33,685
Yeah.

877
00:50:33,785 --> 00:50:35,585
But if you're listening to this, yeah, please.

878
00:50:36,405 --> 00:50:39,825
I will take some sats, especially right now.

879
00:50:39,825 --> 00:50:45,985
you know um but but i you know i started stacking then and it's like i look at the like my bitcoin

880
00:50:45,985 --> 00:50:49,845
return it's like it's like flat or like even like down a little bit now because i was also like when

881
00:50:49,845 --> 00:50:54,065
bitcoin like popped up and then starts like you know to like 126 and like it dropped down to 110

882
00:50:54,065 --> 00:50:59,285
i'm like yeah smash buy and now it's like with drop down to you know 95 and i'm like i'm really

883
00:50:59,285 --> 00:51:07,445
low on fiat like i do not have very much fiat like there is uh you know it's i like not having

884
00:51:07,445 --> 00:51:13,165
a lot of fiat uh that said it's like damn when when you know when the dip keeps dipping you're

885
00:51:13,165 --> 00:51:19,025
like i wish i had a little bit more fiat but at the same time again like where you get hurt is not

886
00:51:19,025 --> 00:51:24,465
where it's like oh you know what i yeah i wish i had a little bit more fiat i'm like you know i'm

887
00:51:24,465 --> 00:51:28,065
quote overexposed to bitcoin right now it's like no no that's that's not really like where you get

888
00:51:28,065 --> 00:51:32,405
where you get wrecked where you get wrecked is if you were underexposed to bitcoin and you were

889
00:51:32,405 --> 00:51:39,525
overexposed to non-Bitcoin things or some sort of synthetic Bitcoin. And now you're like,

890
00:51:39,905 --> 00:51:46,225
shit, I'm down in dollar terms and I'm down in Bitcoin terms even more. That's the dangerous

891
00:51:46,225 --> 00:51:52,805
position to be in. If your Bitcoin stack is down a little bit in dollar terms, it's okay. They're

892
00:51:52,805 --> 00:51:59,285
going to keep printing dollars. There's 21 million Bitcoin. That's it. There's literally infinite

893
00:51:59,285 --> 00:52:03,345
dollars and it's not just infinite dollars there's infinite euros there's really infinite there's

894
00:52:03,345 --> 00:52:09,285
double infinity turkish lira and argentinian pesos and all these others like you know the dollar sucks

895
00:52:09,285 --> 00:52:13,705
uh you know like it's the dollar's the worst except for all the rest um and it's a you know

896
00:52:13,705 --> 00:52:16,745
skinniest kid at fat camp prettiest horse of the glue factory whatever you want to say

897
00:52:16,745 --> 00:52:21,645
but like where you get hurt is when you are underexposed to bitcoin overexposed to other

898
00:52:21,645 --> 00:52:28,025
shit and so not only do you not have any sort of quote dry powder uh but you also just are down bad

899
00:52:28,025 --> 00:52:30,705
in dollar terms, you're down really bad in Bitcoin terms.

900
00:52:30,805 --> 00:52:33,165
And I think that's where like clearly like one thing that this,

901
00:52:33,845 --> 00:52:35,385
I haven't been around Bitcoin that long,

902
00:52:35,445 --> 00:52:37,405
like it's just been since 2020 that I started stacking.

903
00:52:37,505 --> 00:52:40,485
But like one thing that I've realized this kind of cycle time around

904
00:52:40,485 --> 00:52:45,945
is that man, the like quote crypto people are super short Bitcoin.

905
00:52:46,185 --> 00:52:49,245
Like they are way long, all of their shit coins

906
00:52:49,245 --> 00:52:53,165
and they are way short Bitcoin and they're freaking out

907
00:52:53,165 --> 00:52:57,465
because that's the worst position to be in.

908
00:52:57,465 --> 00:53:03,845
It's like you've got big shit coin bags and nobody's coming to buy a man like that.

909
00:53:03,965 --> 00:53:05,505
That party's just that party's just over.

910
00:53:05,565 --> 00:53:07,325
Like there's not going to be any giant alt season.

911
00:53:07,325 --> 00:53:08,665
Like I'm sorry to break it to you.

912
00:53:08,925 --> 00:53:11,845
Like you're you're wrecked right now.

913
00:53:11,965 --> 00:53:18,585
Like you may as well cut your losses, sell whatever shit coins you happen to have and try to get as much Bitcoin as you possibly can.

914
00:53:18,685 --> 00:53:21,785
Because that that is what like that's the only thing that's going to save you at this point.

915
00:53:21,845 --> 00:53:24,765
Like it's not going to be your your fart coin or your other shit coin.

916
00:53:24,845 --> 00:53:25,805
Like it's going to be Bitcoin.

917
00:53:25,805 --> 00:53:28,945
But a lot of people just like you – they got to learn the hard way, right?

918
00:53:29,085 --> 00:53:30,125
And that sucks.

919
00:53:30,505 --> 00:53:32,385
But I'm sorry.

920
00:53:32,505 --> 00:53:33,125
It's the reality.

921
00:53:34,265 --> 00:53:34,785
I completely agree.

922
00:53:35,225 --> 00:53:52,745
The unfortunate thing there too, and it's the – it kind of goes back to the culture a little bit too, is that at least from what I can see from the brief times that I float through like crypto Twitter or some of the shitcoin stuff that's going on there, they do – there tends to be – because the toxic Bitcoin maximalists, there is kind of like an anti-Bitcoin stack, which unfortunately is just letting their ego get in the way.

923
00:53:52,745 --> 00:53:53,145
And then you're right.

924
00:53:53,225 --> 00:53:56,585
They're super – it's kind of like they're taking these crypto positions and having a stack of Bitcoin.

925
00:53:56,905 --> 00:54:00,365
They're doing short Bitcoin and going along all these crypto things thinking it's going to die.

926
00:54:00,505 --> 00:54:01,465
And it's going to get out of the wreck.

927
00:54:01,545 --> 00:54:11,185
But I wanted to ask you, Walker, because for me this time around – so if you would have asked me in September particularly if I thought that it was going to be up at the end of the year, I absolutely would have told you.

928
00:54:11,265 --> 00:54:12,965
It's like, yeah, I bet you were finishing up at the end of the year.

929
00:54:13,045 --> 00:54:14,465
I wouldn't be surprised to see a little run.

930
00:54:14,885 --> 00:54:17,145
But here's the thing, and I'll see if I can articulate it.

931
00:54:17,545 --> 00:54:18,885
I would have logically told you that.

932
00:54:18,965 --> 00:54:20,585
Like, yeah, if I was betting, that's what I expect.

933
00:54:20,585 --> 00:54:23,185
I did not have an emotional swing

934
00:54:23,185 --> 00:54:24,365
the cycle at all

935
00:54:24,365 --> 00:54:26,345
I emotionally felt like

936
00:54:26,345 --> 00:54:28,725
I knew that it was going to run up

937
00:54:28,725 --> 00:54:30,805
or I felt excitement about going into November

938
00:54:30,805 --> 00:54:31,425
and these things too

939
00:54:31,425 --> 00:54:34,645
this end of year

940
00:54:34,645 --> 00:54:36,805
I would have logically

941
00:54:36,805 --> 00:54:38,145
deduced that it was going to be up

942
00:54:38,145 --> 00:54:40,065
but I don't even feel surprised or shocked that it's down

943
00:54:40,065 --> 00:54:41,685
I'm wondering if you had the same sort of response

944
00:54:41,685 --> 00:54:43,765
whereas back in the 2021 run

945
00:54:43,765 --> 00:54:45,165
I was pumped

946
00:54:45,165 --> 00:54:48,265
I used line of credit at the top of that fucking thing

947
00:54:48,265 --> 00:54:49,505
my wife thought I was an idiot

948
00:54:49,505 --> 00:54:52,765
Eventually, we found our way back to that one, but I was ready to go.

949
00:54:52,905 --> 00:54:54,785
This time, I was like, yeah, I think it's going to be up.

950
00:54:55,065 --> 00:54:57,385
You couldn't have talked me into taking a 2% loan.

951
00:54:57,465 --> 00:54:58,145
I was like, no, no, I'm good.

952
00:54:58,185 --> 00:54:59,945
I'll just keep stacking the old-fashioned way.

953
00:55:00,205 --> 00:55:03,525
I had no excitement going into the end of the year, despite thinking logically it would go up.

954
00:55:04,225 --> 00:55:06,905
I feel exactly that.

955
00:55:07,265 --> 00:55:16,125
I also thought, I was like, yeah, we're probably going to – this feels like we're going to kind of keep pumping into the end of the year and continue going.

956
00:55:16,125 --> 00:55:20,445
but I just, I don't know, something felt like off a little bit.

957
00:55:20,485 --> 00:55:24,665
Like did my behavior change drastically? Like, no, like I just,

958
00:55:24,745 --> 00:55:27,945
I kept DCAing like, because that's, that's what I do again.

959
00:55:27,945 --> 00:55:30,385
Like I'm not good at buying. If I saw a little bit of a dip, I,

960
00:55:30,525 --> 00:55:33,285
if I had some spare Fiat, I did a little smash buy, you know, but like,

961
00:55:33,325 --> 00:55:37,385
I love my DCA just does it without me having to do anything.

962
00:55:37,385 --> 00:55:41,105
Like it's fantastic. And, and just kind of kept that going. And like now,

963
00:55:41,245 --> 00:55:44,025
now where we're at though, where it's like, Oh wow. I didn't, you know,

964
00:55:44,025 --> 00:55:46,265
didn't necessarily think we were gonna drop down here,

965
00:55:46,265 --> 00:55:57,530
but like since we are okay I gonna kind of redouble my efforts try to like cut you know cut expenses as I can in my life and like try to stack a little bit of extra Bitcoin

966
00:55:57,851 --> 00:56:02,831
Because if they're, again, I've really, I guess, only been around if we're going by the cycle theory.

967
00:56:02,931 --> 00:56:04,990
Like I started stacking like during COVID, right?

968
00:56:05,411 --> 00:56:05,530
Yeah.

969
00:56:05,530 --> 00:56:07,111
That was, you know, when I started stacking.

970
00:56:07,171 --> 00:56:09,530
I didn't have like a giant mountain of cash that I dumped into Bitcoin.

971
00:56:09,611 --> 00:56:12,010
It was like I started just DCAing then too, right?

972
00:56:12,291 --> 00:56:12,470
Yeah.

973
00:56:12,470 --> 00:56:24,391
But, man, when Bitcoin went down to like $16K, I was like, I got to try and get as many sats as I can.

974
00:56:24,911 --> 00:56:28,831
And that's kind of what it feels like right now a little bit.

975
00:56:29,490 --> 00:56:35,450
This feels to me more like, oh, wow, we took a bigger dip than people thought we would.

976
00:56:35,450 --> 00:56:42,291
and that means because everyone else is super fucking bearish right now or just like not even

977
00:56:42,291 --> 00:56:45,771
bearish just like maybe not even paying attention like still that's the other thing like most of the

978
00:56:45,771 --> 00:56:49,351
world still isn't even paying attention nathan like most of it i just looked at google trends

979
00:56:49,351 --> 00:56:54,251
it's like all-time low for the year most people just don't care right like but that's the other

980
00:56:54,251 --> 00:56:58,450
thing it's like that that meme of like you know the the two uh the two stands right and it's like

981
00:56:58,450 --> 00:57:01,811
you know bitcoin at like whatever low number than bitcoin at all-time highs and it's like

982
00:57:01,811 --> 00:57:04,731
everybody's lined up to buy it when it's at, you know, all the time.

983
00:57:04,871 --> 00:57:06,771
Like it's true.

984
00:57:06,771 --> 00:57:09,811
Like something about human psychology is like, you don't,

985
00:57:10,190 --> 00:57:14,271
people don't want to buy Bitcoin when they definitely should.

986
00:57:14,791 --> 00:57:17,911
And they really want to buy Bitcoin when it's melting everyone's faces off.

987
00:57:17,950 --> 00:57:20,111
Cause that's when it pops up in the news again. But when it's,

988
00:57:20,171 --> 00:57:22,690
when it's bearish, everyone who doesn't own Bitcoin is like, well,

989
00:57:23,050 --> 00:57:26,131
it's a good thing I didn't buy, you know, again, you know,

990
00:57:26,190 --> 00:57:30,190
like I'm glad I've ignored that since it was $10,000 or, or, you know,

991
00:57:30,190 --> 00:57:36,791
worse but like it just feels right now and again like maybe we go lower maybe we go back to 58k

992
00:57:36,791 --> 00:57:43,171
gang because i was gonna say i don't know maybe like honestly like as rough as that would be

993
00:57:43,171 --> 00:57:49,550
like and that would be rough that would be an incredible stacking opportunity because that's

994
00:57:49,550 --> 00:57:55,351
like if you know it's gonna keep going up it is like there's 21 million guys there's 21 million

995
00:57:55,351 --> 00:57:59,891
bitcoin there's infinite fiat currencies not just infinite dollars infinite other fiat

996
00:57:59,891 --> 00:58:04,811
currencies there's infinite shit coins there's infinite all of these fucking made up fucking

997
00:58:04,811 --> 00:58:11,690
things but there is 21 million bitcoin like you don't have to be a genius to work this out like

998
00:58:11,690 --> 00:58:17,010
you can be far left curve or far you know right side of the bell curve like as long as you're not

999
00:58:17,010 --> 00:58:23,071
mid-curving it you're going to be okay just like more bitcoin good like that is like that that is

1000
00:58:23,071 --> 00:58:28,950
what you need you know but again it's like maybe like this is kind of the opportunity too like for

1001
00:58:28,950 --> 00:58:32,710
for the psychopaths who are out there watching this stream right now for the people who are out

1002
00:58:32,710 --> 00:58:36,530
there watching their dcas hit and trying to figure out how they can maybe cut some expenses around

1003
00:58:36,530 --> 00:58:41,651
around the house to to you know be able to stack a few more sats like you will be rewarded for this

1004
00:58:41,651 --> 00:58:47,911
you will be rewarded for this and it may suck right now but you know fast forward a little bit

1005
00:58:47,911 --> 00:58:54,751
fast forward a year fast forward four years fast forward 20 years and boy like you will be thanking

1006
00:58:54,751 --> 00:58:58,311
yourself you know your your your children and your grandchildren will be like wow you know

1007
00:58:58,311 --> 00:59:03,651
fucking legend like you you you know you doubled down you didn't get that extra avocado toast and

1008
00:59:03,651 --> 00:59:08,351
you stacked the extra sats with it and now what could have been avocado toast now buys us a french

1009
00:59:08,351 --> 00:59:14,631
villa like fantastic grandpapa like that's that's where you're gonna be at right now uh like probably

1010
00:59:14,631 --> 00:59:19,331
legitimately like i bet if you the price of an avocado toast right now if you go forward 50 years

1011
00:59:19,331 --> 00:59:24,271
i bet that buys you a modest french villa in sats it's gonna be insane nominated in sats

1012
00:59:24,271 --> 00:59:29,131
yep it's going to be absolutely insane it's funny there's there's a couple things you hit on there

1013
00:59:29,131 --> 00:59:34,171
that i want to i want to get your thoughts on um one was i was trying to think back something um

1014
00:59:34,171 --> 00:59:37,970
you're talking about 58k and that's what it reminded me of the last time i had an emotional

1015
00:59:37,970 --> 00:59:42,050
response in bitcoin and again i'm a very level person by my very nature not very high very low

1016
00:59:42,050 --> 00:59:45,671
like don't get stressed out i'm very very comfortable here the last time i was like oh

1017
00:59:45,671 --> 00:59:51,891
this feels good was the final don't stop believing when we hit 100k and yellow's final like spaces

1018
00:59:51,891 --> 00:59:56,151
I just remember being like I actually like hit the heartstrings a little bit I was like man

1019
00:59:56,151 --> 01:00:01,690
he did this the entire way through so going back to like 58k and going back to those times I would

1020
01:00:01,690 --> 01:00:04,751
not have an issue with that was a lot of fun on Twitter for sure and then the other thing that

1021
01:00:04,751 --> 01:00:09,190
struck me that I'm curious your thoughts on was you mentioned COVID I wonder if that's kind of a

1022
01:00:09,190 --> 01:00:13,751
little bit what's going on here in the sense like um that is like borrowing from the future and

1023
01:00:13,751 --> 01:00:19,670
pulling forward demand too right I wonder if COVID was such a shock to the system and to people as

1024
01:00:19,670 --> 01:00:21,771
Well, we talked about how it would wake up a lot of people.

1025
01:00:21,851 --> 01:00:23,210
It did wake up a ton, right?

1026
01:00:23,510 --> 01:00:25,911
I wonder if we almost like pulled forward Bitcoin or demand.

1027
01:00:26,151 --> 01:00:33,331
Like we had a greater influx of Bitcoiners because of the extremes of COVID, but it meant there wasn't really a new class to come in later on.

1028
01:00:33,951 --> 01:00:34,811
Do you kind of get what I'm saying?

1029
01:00:35,190 --> 01:00:37,970
No, go ahead.

1030
01:00:37,970 --> 01:00:43,690
good that's especially the idea that like i wonder if if you were going to wake up to it with it if

1031
01:00:43,690 --> 01:00:48,170
you weren't going to wake up to it with how bad things were over covid you really weren't going

1032
01:00:48,170 --> 01:00:51,431
to wake up to it unless something worse comes along later or something else kicks you in the

1033
01:00:51,431 --> 01:00:55,391
teeth so it was almost like we reached forward in time and grabbed a whole bunch of bitcoiners but

1034
01:00:55,391 --> 01:01:00,311
that might have been the vast majority of those that were possible to unplug over the next five

1035
01:01:00,311 --> 01:01:04,431
years which is why it feels different now where i'm feeling like we're not getting this new cohort

1036
01:01:04,431 --> 01:01:09,291
coming in, we might have already scooped them up because that was such a terrible wake-up call

1037
01:01:09,291 --> 01:01:16,030
for people across the world. Okay, so that's interesting. And I feel that sentiment,

1038
01:01:16,151 --> 01:01:22,050
but to play devil's advocate there, it's also like we're still at such an early stage of adoption.

1039
01:01:22,571 --> 01:01:28,871
We're still so incredibly early. Now, I think that the argument is fair that perhaps that woke up

1040
01:01:28,871 --> 01:01:35,030
more like hardcore toxic bitcoin maximalist early adopters uh innovators i think we're like we're

1041
01:01:35,030 --> 01:01:39,811
technically like still at the like the innovator phase right like we're because we're barely at

1042
01:01:39,811 --> 01:01:44,571
like maybe i don't know like you could say we're at like a percent adoption maybe like i of like

1043
01:01:44,571 --> 01:01:50,331
probably not even and like total addressable market wise like there's the you know uh jesse

1044
01:01:50,331 --> 01:01:55,131
meyers crocius has that great chart that's been shared everywhere a thousand trillion in global

1045
01:01:55,131 --> 01:02:00,631
asset value, $2 trillion or less than $2 trillion now, you know, in Bitcoin, just under $2 trillion.

1046
01:02:00,951 --> 01:02:08,530
So it's like 0.2% of total addressable asset value. That's nothing. And like total adoption

1047
01:02:08,530 --> 01:02:12,111
wise in terms of like globally, like, I don't know, probably not even a percent, like maybe

1048
01:02:12,111 --> 01:02:15,470
a half a percent of like, and probably even less than that of people who actually like

1049
01:02:15,470 --> 01:02:16,510
hold their own keys.

1050
01:02:16,811 --> 01:02:20,151
Yeah. I think James said he estimated like 2 million. It's like that, that sounds about

1051
01:02:20,151 --> 01:02:22,911
right to me. And that's like an 8 billion. Yeah. That sounds about right.

1052
01:02:22,911 --> 01:02:45,510
Like, which is just crazy. But I think that's your statement is fair in the sense that perhaps COVID woke, like it certainly did for me, like speaking from personal experience, like very much woke me up. And like, that's what made me decide to actually go down the Bitcoin rabbit hole and figure out because they started sending out checks to people. I'm like, what, what is this? Where does this money come from? And you know, you start asking the right questions.

1053
01:02:45,510 --> 01:02:52,190
but but but maybe yeah what how and it's like we just just like that we just make it we just

1054
01:02:52,190 --> 01:03:00,631
print it digitally it's amazing but maybe that did bring out a lot more of the hardcore toxic

1055
01:03:00,631 --> 01:03:06,311
bitcoin maximalist plebs that we're going to come out eventually but just like they we just all kind

1056
01:03:06,311 --> 01:03:08,990
of a lot of us just came out at once and now there's just a little bit more of a trickle and

1057
01:03:08,990 --> 01:03:15,271
maybe the you know the rest of the adoption curve just looks a bit different it can just look and

1058
01:03:15,271 --> 01:03:23,371
And it's also like I was talking to Alex Vetsky about this and he brought the fact that he's like, look, like when it comes to adoption curves, like Bitcoin is not the iPhone.

1059
01:03:23,670 --> 01:03:26,071
Like it's not like it's not a consumer product.

1060
01:03:26,291 --> 01:03:27,710
You know, it's like it's different.

1061
01:03:27,771 --> 01:03:28,831
Like it's money.

1062
01:03:28,831 --> 01:03:35,591
And he made the point that when it's the iPhone, it's like your potential, you know, loss there with, you know, buying an iPhone.

1063
01:03:35,690 --> 01:03:39,611
It's like, it's like, you know, whatever, a couple hundred, five hundred, a thousand, whatever dollars.

1064
01:03:40,231 --> 01:03:43,550
With Bitcoin, it's like it's like everything for you.

1065
01:03:43,550 --> 01:03:48,351
And for most of us, the cost of being wrong is much, much higher.

1066
01:03:48,470 --> 01:03:52,990
The cost of being wrong about an iPhone is pretty low, pretty low, relatively speaking.

1067
01:03:53,331 --> 01:03:53,731
You'll recover.

1068
01:03:53,731 --> 01:03:58,210
So the adoption curve, maybe it just, like, we don't know what the adoption curve looks like.

1069
01:03:58,291 --> 01:04:01,451
We know what technology adoption curves generally look like, that classic-ass curve.

1070
01:04:02,050 --> 01:04:05,190
But we've never had something like Bitcoin.

1071
01:04:05,190 --> 01:04:11,911
like you know what is the what is the adoption curve of a digital gold that's also way better

1072
01:04:11,911 --> 01:04:16,831
than gold because you can transfer it instantly 24 7 365 and no one can stop you to anyone around

1073
01:04:16,831 --> 01:04:24,550
the world and there's a absolutely completely programmatically uh enforced finite supply to it

1074
01:04:24,550 --> 01:04:28,131
like what does that adoption curve look like i don't know because we've never seen it how could

1075
01:04:28,131 --> 01:04:32,690
we know so like you know maybe it's just one of those things like all your models are broken

1076
01:04:32,690 --> 01:04:39,431
we have no fucking clue and the best thing we can do is i mean odell hits the nail right on the head

1077
01:04:39,431 --> 01:04:44,690
like stay humble stack sats and focus on your craft start a bitcoin podcast you know absolutely

1078
01:04:44,690 --> 01:04:50,071
whatever you want to do but yeah like this thing like maybe all of our priors just don't really

1079
01:04:50,071 --> 01:04:55,470
work that well like bitcoin is repricing the entire world yeah we've never had anything like

1080
01:04:55,470 --> 01:05:00,970
this before how like how how much hubris do we have to have to assume that we can figure out

1081
01:05:00,970 --> 01:05:02,470
exactly what this is going to look like.

1082
01:05:02,791 --> 01:05:04,911
We can't. We can guess, but

1083
01:05:04,911 --> 01:05:06,311
we're probably going to be wrong.

1084
01:05:07,831 --> 01:05:08,851
Directionally, we're right.

1085
01:05:09,651 --> 01:05:10,970
We know Bitcoin goes up

1086
01:05:10,970 --> 01:05:12,530
into the right. Bitcoin is repricing everything.

1087
01:05:13,030 --> 01:05:14,530
Everything else is trending to zero

1088
01:05:14,530 --> 01:05:16,771
in terms of Bitcoin. The marginal cost of production is trending

1089
01:05:16,771 --> 01:05:18,631
to zero in terms of Bitcoin for everything.

1090
01:05:20,231 --> 01:05:20,631
But

1091
01:05:20,631 --> 01:05:22,470
what does the timescale of that look like?

1092
01:05:23,470 --> 01:05:24,951
I don't know. How long

1093
01:05:24,951 --> 01:05:26,571
does it take for the masses

1094
01:05:26,571 --> 01:05:27,811
to wake up to this?

1095
01:05:28,571 --> 01:05:30,951
Or do they? That's the other thought process too.

1096
01:05:30,970 --> 01:05:34,291
Or does it just become the water they swim in, the air that they breathe eventually?

1097
01:05:34,371 --> 01:05:34,911
They don't even know it.

1098
01:05:34,931 --> 01:05:39,490
It's just the rails they use, but they never actually wake up to it.

1099
01:05:39,591 --> 01:05:41,411
It just becomes part of their life.

1100
01:05:42,231 --> 01:05:43,391
I don't think it's unreasonable to think.

1101
01:05:43,550 --> 01:05:46,071
It is the base layer.

1102
01:05:46,291 --> 01:05:51,710
So it's not an unreasonable adoption strategy to have it at some point in time, some kind of monetary breakdown,

1103
01:05:51,871 --> 01:05:55,670
where just like treasuries move between commercial banks, that Bitcoin is moving between commercial banks.

1104
01:05:55,670 --> 01:06:04,811
And that sort of sense, like, you know, hundreds of thousands of people, their transactions are being settled in Bitcoin between banks around the world, but they're not directly sending UTXOs.

1105
01:06:05,391 --> 01:06:13,631
Like, I actually think reasonably, I think it's reasonable in 10 years time, the fact that we actually did on-chain transactions will probably be a rarity.

1106
01:06:14,190 --> 01:06:18,071
Like, we'll be one of those weirdos that have like a phone they're putting on a modem to connect to the internet, right?

1107
01:06:18,571 --> 01:06:21,190
I don't think that most people are going to interact on base layer.

1108
01:06:21,190 --> 01:06:26,510
And so that really opens up a lot of possibilities in terms of what adoption is going to look like.

1109
01:06:26,631 --> 01:06:33,611
Like even right now with what Square and Cash App are doing, right, are people – like I would not be surprised for a long time.

1110
01:06:33,670 --> 01:06:35,591
People are still thinking in fiat terms.

1111
01:06:35,690 --> 01:06:37,931
They're still using like the dollar as the unit of account.

1112
01:06:38,271 --> 01:06:41,751
But it's going over lightning rails in between because there's better infrastructure, right?

1113
01:06:42,111 --> 01:06:43,591
It's just got that final settlement aspect.

1114
01:06:43,591 --> 01:06:53,431
We might see adoption from the producer side, from the provider side, but it really is being used as the value communication network for larger sums of value, right?

1115
01:06:54,351 --> 01:06:57,030
Most people might not ever hold on to direct Bitcoin.

1116
01:06:57,490 --> 01:06:58,371
They really might not.

1117
01:06:58,470 --> 01:07:00,631
And it's not the situation that I want people to be in, right?

1118
01:07:01,030 --> 01:07:08,030
And I'm very excited about like ARK and Spark and Lightning and everything that we've got going off these layer twos to scale it out there.

1119
01:07:08,030 --> 01:07:18,190
But at least transitionally, I do think it'll be a long time before that because the psychological importance of a unit of account is really hard to get past, right, to actually start pricing in something else.

1120
01:07:18,651 --> 01:07:21,591
And we're already starting to see it, but you see it in the large-scale buys.

1121
01:07:21,751 --> 01:07:23,970
Like particularly I hear people talk about it comparing to real estate, right?

1122
01:07:23,990 --> 01:07:24,670
And that makes sense.

1123
01:07:24,771 --> 01:07:28,690
Like for most people, their home is like the biggest asset that they'll ever own.

1124
01:07:29,030 --> 01:07:32,470
So comparing the largest asset you own to your Bitcoin stack, that makes sense.

1125
01:07:32,530 --> 01:07:34,210
My house is going down in Bitcoin terms.

1126
01:07:34,210 --> 01:07:37,891
but I think it'll be quite a while before people really start thinking about like

1127
01:07:37,891 --> 01:07:42,571
the classic cup of coffee in that sort of sense so you're right we have no idea what adoption is

1128
01:07:42,571 --> 01:07:48,591
going to look like and I think it's it's too simplistic and kind of naive to think it's going

1129
01:07:48,591 --> 01:07:52,690
to look like it is right now but for everybody if that kind of makes sense like it's it's most

1130
01:07:52,690 --> 01:07:57,530
people will probably start using it and not even like it like the ETF or it's like in some sort of

1131
01:07:57,530 --> 01:08:01,391
like mutual fund or something or some sort of investment vehicle they'll probably start using

1132
01:08:01,391 --> 01:08:03,271
it, not necessarily knowing that they're using it.

1133
01:08:03,331 --> 01:08:05,451
How many people are using the internet but have no

1134
01:08:05,451 --> 01:08:07,291
idea what they're using it? But they use it all the time, right?

1135
01:08:07,291 --> 01:08:08,731
But as far as they know, they're just going to Facebook.

1136
01:08:09,571 --> 01:08:11,371
Yeah, what's TCP IP? I have no idea.

1137
01:08:11,931 --> 01:08:13,170
Exactly. They don't know.

1138
01:08:13,451 --> 01:08:15,311
And that's okay. They don't necessarily

1139
01:08:15,311 --> 01:08:17,391
need to know. Again, it's the air they breathe,

1140
01:08:17,451 --> 01:08:18,530
it's the water they swim in.

1141
01:08:19,210 --> 01:08:20,810
I think that's fair, and that's why some of these,

1142
01:08:21,130 --> 01:08:23,530
again, you mentioned it as well,

1143
01:08:23,570 --> 01:08:25,551
but these incredibly bullish

1144
01:08:25,551 --> 01:08:27,431
developments with

1145
01:08:27,431 --> 01:08:29,471
Square and with Cash App, and I know

1146
01:08:29,471 --> 01:08:33,391
a lot of people seen a lot of like negativity about this too being like why are you you know

1147
01:08:33,391 --> 01:08:37,891
why are you you know why are people sucking cash apps dick about this like this is you know like

1148
01:08:37,891 --> 01:08:43,270
this isn't as good as it should be or something it's like guys like like zoom out a little bit

1149
01:08:43,270 --> 01:08:50,291
like yeah four million plus merchants just got the potential to turn on bitcoin acceptance

1150
01:08:50,291 --> 01:08:54,770
really easily without them downloading anything else without them doing anything else

1151
01:08:54,770 --> 01:08:59,551
they got the ability to be able to convert proceeds into Bitcoin.

1152
01:08:59,791 --> 01:08:59,891
Yep.

1153
01:09:00,530 --> 01:09:06,751
Like it's just like this is insanely, insanely bullish.

1154
01:09:07,770 --> 01:09:12,251
And at the same time, it's like price action doesn't seem to match up with that.

1155
01:09:12,351 --> 01:09:15,791
Like, you know, if you think I feel like back in like 2020, 2021,

1156
01:09:15,791 --> 01:09:17,690
if something like this would have happened, if Square was like,

1157
01:09:17,751 --> 01:09:20,751
we just turned on Bitcoin for 4 million merchants and Cash App's like,

1158
01:09:21,150 --> 01:09:24,650
yeah, we're just using Bitcoin as like to settle Bitcoin or USD.

1159
01:09:24,770 --> 01:09:29,011
like fuck it it would have just been like people would have been losing their minds and as it is

1160
01:09:29,011 --> 01:09:34,011
now people are like okay like i don't remember tesla right like elon could move the press price

1161
01:09:34,011 --> 01:09:39,291
up or down yeah yeah well exactly and it's like that's that's the crazy thing it's like now

1162
01:09:39,291 --> 01:09:43,431
the the czech national bank's like yeah we bought some bitcoin because we're trying this out and

1163
01:09:43,431 --> 01:09:47,511
people like yeah okay big deal it's like that's kind of like but that's like a good sign too right

1164
01:09:47,511 --> 01:09:53,411
it's like these insanely bullish narratives don't actually like don't actually materially

1165
01:09:53,411 --> 01:09:58,011
impact the price at all and like but neither do potentially bearish narrative like there are no

1166
01:09:58,011 --> 01:10:03,030
bearish narratives realistically like that's just like like there's nothing you could tell me that

1167
01:10:03,030 --> 01:10:10,170
would make me bearish on bitcoin long term like they're like nothing like uh like literally you

1168
01:10:10,170 --> 01:10:15,331
know nothing unless like again you were like we just like quantum's already been cracked all your

1169
01:10:15,331 --> 01:10:19,051
coins but it's like no it's just like not happening like everyone everyone wants to quantum fud

1170
01:10:19,051 --> 01:10:23,650
and it's like yeah like okay like eventually but like we're gonna you know that's the that's the

1171
01:10:23,650 --> 01:10:29,310
beauty is like we have time to prepare for that yep but i can send you a new wallet i'll be fine

1172
01:10:29,310 --> 01:10:37,730
yeah exactly and but like right now to me it's like one of the most it's it feels like the most

1173
01:10:37,730 --> 01:10:43,991
bullish time ever but the price doesn't match up with that we're not at new all-time highs we're

1174
01:10:43,991 --> 01:10:51,331
not ripping higher. And to me, that mismatch between the insanely bullish feeling I have based

1175
01:10:51,331 --> 01:10:58,630
on all of the incredible stuff that's happening and the contrastingly kind of like, quote,

1176
01:10:58,751 --> 01:11:02,371
bearish price action, like we're still hovering like right around, like we're a rounding error

1177
01:11:02,371 --> 01:11:08,331
away from 100K, right? So it's not like Bitcoin's not dead, like zoom out guys, chill. But there is

1178
01:11:08,331 --> 01:11:12,371
a contrast. There's a mismatch there. There's a sentiment mismatch. And so to me, that just

1179
01:11:12,371 --> 01:11:16,891
screams like opportunity. Like this is when you need to be stacking as hard as you possibly can,

1180
01:11:16,891 --> 01:11:24,770
because for some reason people just aren't seeing what is obvious to some of us. And if it is obvious

1181
01:11:24,770 --> 01:11:28,630
to you right now, and you're looking at this, like, how the hell could you be bearish right now?

1182
01:11:28,690 --> 01:11:34,030
How the hell could you not be stacking as much as you can right now? Then like you're in the minority.

1183
01:11:34,751 --> 01:11:39,310
Congratulations. You're awake right now. You are, uh, and you're like literally awake listening to

1184
01:11:39,310 --> 01:11:45,130
the stream, so even better. But you have an opportunity. There is an information asymmetry

1185
01:11:45,130 --> 01:11:50,690
right now that you can take advantage of because Bitcoin will continue to go higher. It just,

1186
01:11:50,831 --> 01:11:54,210
it will. And it's not even Bitcoin going higher. Bitcoin's just staying the same.

1187
01:11:54,710 --> 01:11:58,991
Fiat's just being debased everywhere, always, all the time, forever, until they go to zero.

1188
01:11:59,991 --> 01:12:03,011
You know that's going to happen. And if you know that that's going to happen

1189
01:12:03,011 --> 01:12:09,291
and you're aware of Bitcoin, you are doing yourself a disservice if you are not stacking

1190
01:12:09,291 --> 01:12:13,310
right now. Like I'm just happy whenever I like see the DC, you know, DCA went off. I'm like,

1191
01:12:13,530 --> 01:12:17,491
huzzah. Like, there we go. Okay. More, more sats for me. Like what, what a great day. You know,

1192
01:12:17,911 --> 01:12:22,030
like, I don't know. It's wild. It just, it seems like an opportunity right now. That's what it

1193
01:12:22,030 --> 01:12:25,911
feels like to me. And again, maybe we go lower. I'd like not financial advice. Like I don't give

1194
01:12:25,911 --> 01:12:31,831
financial advice. I give monetary advice, right? This is monetary advice. Like Bitcoin is the best

1195
01:12:31,831 --> 01:12:36,810
money that humanity has ever invented, discovered, whatever you want to say. There's 21 million

1196
01:12:36,810 --> 01:12:41,291
forever. There's infinite fiat forever. Do the fucking math. This isn't that complicated. You

1197
01:12:41,291 --> 01:12:46,751
just have to stack sats. You just have to keep stacking sats and it's all going to be okay.

1198
01:12:47,471 --> 01:12:50,891
And if you don't do that, you're going to, everything's going to get more expensive for

1199
01:12:50,891 --> 01:12:56,351
you forever. And if you do stack sats, everything's going to get cheaper for you forever. That's it.

1200
01:12:56,851 --> 01:13:03,670
That's the whole thing. Case closed. Like, I don't know. I don't, I think there's no reason

1201
01:13:03,670 --> 01:13:10,670
over complicated that's just like this is just reality it's the um there's a few wonderful things

1202
01:13:10,670 --> 01:13:14,351
to pull in there one the information asymmetry i completely agree so like first and foremost i

1203
01:13:14,351 --> 01:13:17,411
would say like if you walk into a room a thousand people and ask them if they've heard of bitcoin

1204
01:13:17,411 --> 01:13:21,810
probably everybody has heard of bitcoin if you ask them to explain the difficulty judgment and

1205
01:13:21,810 --> 01:13:27,591
it's not a bitcoin event probably nobody can right they are aware of it the brand name is out there

1206
01:13:27,591 --> 01:13:31,770
but they still have no idea what it necessarily is and it's kind of like unfortunate catch-22

1207
01:13:31,770 --> 01:13:35,911
too, where people are so, like I heard you ranting about a bit earlier, too, like, we're so far

1208
01:13:35,911 --> 01:13:38,851
removed from where we should be. We have one, you know, one person out there working, one person

1209
01:13:38,851 --> 01:13:41,951
taking care of the home, you have some free time on the weekends, you can study, you can read,

1210
01:13:41,991 --> 01:13:45,791
you can better yourselves. People are so trapped in the fiat minds, they don't have time to learn

1211
01:13:45,791 --> 01:13:50,391
or think about anything else. They're so short sighted, that even the idea of trying to like,

1212
01:13:50,530 --> 01:13:54,130
hold on to something for four years seems unattainable, or like away from them right now,

1213
01:13:54,230 --> 01:13:57,810
right? And as Bitcoin fixes things slowly under the surface, they might have that opportunity,

1214
01:13:57,810 --> 01:13:58,730
they might have their chance.

1215
01:13:59,351 --> 01:14:00,991
There's a couple of things there.

1216
01:14:01,070 --> 01:14:02,391
One is this idea, like I like the,

1217
01:14:02,630 --> 01:14:04,251
have you ever heard the idea of a preference cascade?

1218
01:14:05,831 --> 01:14:08,810
It sounds vaguely familiar, but please re-educate me.

1219
01:14:09,170 --> 01:14:10,331
Put me in a re-education camp.

1220
01:14:10,851 --> 01:14:12,411
I will absolutely put you in a re-education camp.

1221
01:14:12,511 --> 01:14:13,931
It's like an explanation of what happened

1222
01:14:13,931 --> 01:14:15,810
with like the Soviet Union and the fall of the Soviet Union

1223
01:14:15,810 --> 01:14:17,011
in the sense that like-

1224
01:14:17,011 --> 01:14:18,810
So re-education camp was a spot on comment there.

1225
01:14:18,810 --> 01:14:20,371
It was a very good, very good comment.

1226
01:14:20,690 --> 01:14:21,871
It's the idea that basically like

1227
01:14:21,871 --> 01:14:23,710
you'll have an entire population of people

1228
01:14:23,710 --> 01:14:25,230
that will voice one thing publicly,

1229
01:14:25,270 --> 01:14:27,210
but think something else privately, right?

1230
01:14:27,210 --> 01:14:29,931
And they're not aware that they can socially come out and say the truth.

1231
01:14:29,971 --> 01:14:34,091
And as soon as it's like socially acceptable, it looks like everybody changed their mind overnight.

1232
01:14:34,451 --> 01:14:37,030
But really what happened was they all started speaking what they really thought.

1233
01:14:37,150 --> 01:14:42,530
And so as the fiat system continues to get worse, as things continue to accelerate as – or decelerate, I mean I want to put it.

1234
01:14:43,270 --> 01:14:45,411
You're going to start to see that kind of stack up in the background as well too.

1235
01:14:45,451 --> 01:14:48,011
Like we're still very tribal, both in Canada and the US, right?

1236
01:14:48,070 --> 01:14:50,511
It's like Democrat, Republican, like conservative, liberal.

1237
01:14:50,971 --> 01:14:52,431
And people are very stuck in their tribes.

1238
01:14:52,431 --> 01:15:00,150
But as neither one can fix things going forward, as things only get worse, you'll have that discontent kind of sitting in the background that there's something wrong with the system.

1239
01:15:00,351 --> 01:15:08,310
And I think it's like those kind of watershed moments, like going even go back to COVID, where you have a large people go like, hold up, regardless of what's going on here, someone's lying to me.

1240
01:15:08,451 --> 01:15:14,310
This isn't right. And you'll get the kind of public shift where people are comfortable talking about like, yeah, why am I being debased like this?

1241
01:15:14,391 --> 01:15:17,931
Why can't I afford anything? And they'll actually have that hunger to learn, to understand.

1242
01:15:17,931 --> 01:15:21,270
And you'll see that it's it's a lot of people are going to need to be socially acceptable.

1243
01:15:21,911 --> 01:15:24,810
And I think that's why we got the euphoria in previous cycles too, right?

1244
01:15:24,810 --> 01:15:25,371
Because all the hype.

1245
01:15:25,491 --> 01:15:26,530
There's all the hype going on.

1246
01:15:26,991 --> 01:15:30,810
If there's no hype, it's not socially acceptable or cool or interesting to be into Bitcoin right now.

1247
01:15:31,091 --> 01:15:32,511
It's just not, right?

1248
01:15:32,991 --> 01:15:33,670
Exactly your point.

1249
01:15:33,751 --> 01:15:35,570
I'm seeing co-host Gary on Twitter.

1250
01:15:35,751 --> 01:15:37,030
They're arguing with people that are dunking on him.

1251
01:15:37,051 --> 01:15:37,891
He's like, yeah, no worries, buddy.

1252
01:15:38,070 --> 01:15:41,371
If you want to learn about it, I'm happy to teach you about it, and I'll see you in a couple years, right?

1253
01:15:42,091 --> 01:15:44,190
We're currently not the cool kids at the table.

1254
01:15:44,310 --> 01:15:45,030
It's AI.

1255
01:15:45,431 --> 01:15:49,971
And therefore, even where your money goes to some extent is a popularity contest.

1256
01:15:49,971 --> 01:15:58,150
We just don't have that social – we don't have the low enough social barrier for unfortunately the mass majority of people to be interested or into it.

1257
01:15:59,730 --> 01:16:03,730
That's – it's a really good point around AI specifically.

1258
01:16:04,951 --> 01:16:11,471
And the irony there, of course, is that AI is an incredibly deflationary force.

1259
01:16:12,190 --> 01:16:12,730
Oh my god, yeah.

1260
01:16:12,730 --> 01:16:19,591
Like it's the most deflationary technological industrial revolution.

1261
01:16:19,810 --> 01:16:23,911
Like the industrial revolution was insanely deflationary, right?

1262
01:16:24,070 --> 01:16:24,230
Yep.

1263
01:16:24,331 --> 01:16:29,030
And like every technological revolution is super deflationary.

1264
01:16:29,371 --> 01:16:30,471
That's a good thing, right?

1265
01:16:30,551 --> 01:16:31,831
Like that's a good thing for people.

1266
01:16:31,891 --> 01:16:33,030
Deflation is not the boogeyman.

1267
01:16:33,091 --> 01:16:37,730
Deflation is like is a good thing when it's technologically driven in the natural state of a free market is deflation.

1268
01:16:37,730 --> 01:16:41,610
As you've read Jeff Booth's Price to Tomorrow, which you should, you would know that.

1269
01:16:42,730 --> 01:16:45,891
But AI is just that on steroids, right?

1270
01:16:45,891 --> 01:17:03,150
And the irony being for the people that are so focused on AI but ignoring Bitcoin is it's like, what kind of money do you think is going to actually work in a deflationary world?

1271
01:17:04,091 --> 01:17:08,150
You need a deflationary money, right?

1272
01:17:08,210 --> 01:17:10,150
You need a money with fixed supply.

1273
01:17:10,150 --> 01:17:19,911
fiat inflation does not like it it it does not work with technologically driven hyper deflation

1274
01:17:19,911 --> 01:17:25,270
right yep those two don't those two don't match up because that just means for fiat to continue

1275
01:17:25,270 --> 01:17:29,971
working you have to keep printing this is like lynn alden's you know nothing stops this train

1276
01:17:29,971 --> 01:17:38,070
right fiscal diamonds like you have to keep printing and if you like if technology is driving

1277
01:17:38,070 --> 01:17:45,791
costs down even faster than you can print that's not a good situation like then the whole house of

1278
01:17:45,791 --> 01:17:51,971
cards collapses yep like you need bitcoin in this situation but like so many of them don't see it and

1279
01:17:51,971 --> 01:17:56,511
so again like even the people who are at the forefront who see what's happening with ai so

1280
01:17:56,511 --> 01:18:03,230
many of them still are so hyper focused on that that they don't see like what is necessarily

1281
01:18:03,230 --> 01:18:09,951
going to need to be the new bedrock, the new base layer of this system, which is Bitcoin.

1282
01:18:10,130 --> 01:18:14,810
Like there's just nothing else. And like, it's certainly not going to be gold, right? Gold has

1283
01:18:14,810 --> 01:18:20,431
done super well for like 5,000 years. Gold's been on a tear recently, but it's like gold,

1284
01:18:20,911 --> 01:18:24,471
there's a reason that gold, you know, we got off the gold center and all these things.

1285
01:18:24,991 --> 01:18:30,190
It's like gold doesn't work in the information age. It just doesn't. It like, it can't.

1286
01:18:30,190 --> 01:18:34,551
it's been great for 5,000 years, but it's like, it's the money of the past, not the money of the

1287
01:18:34,551 --> 01:18:39,451
future, right? It's sound money. Yes. Uh, feel free to buy gold if you want to gold is still,

1288
01:18:39,451 --> 01:18:45,791
you know, a heck of a lot better than fiat or anything else out there, but in a hyper deflationary

1289
01:18:45,791 --> 01:18:52,051
technologically driven deflationary world, you need Bitcoin. And also it's like very obvious,

1290
01:18:52,130 --> 01:18:56,070
like what are AI agents going to want? Like if we achieve artificial general intelligence, like,

1291
01:18:56,070 --> 01:19:00,051
hmm, what's an AGI going to want in exchange for its compute?

1292
01:19:00,770 --> 01:19:06,451
Well, it's going to want Bitcoin because everything else is just credit, right?

1293
01:19:07,130 --> 01:19:08,911
But again, information asymmetry there.

1294
01:19:09,310 --> 01:19:10,770
Most people just still don't get that.

1295
01:19:11,570 --> 01:19:13,630
They don't realize that productivity is going to destroy the system.

1296
01:19:13,791 --> 01:19:19,310
That's the whole issue there in the sense that because most people don't realize that the money is a debt-based money,

1297
01:19:19,310 --> 01:19:25,911
meaning that if you pay back the loan or you default on the loan because AI put you out of business, that is destruction, right?

1298
01:19:25,911 --> 01:19:28,331
They're destroying currency units that are currently in the system.

1299
01:19:28,770 --> 01:19:36,911
And the other thing I think people really sleep on that too, and again, like you, with the Industrial Revolution, like I would make the – this is a fun topic.

1300
01:19:36,991 --> 01:19:43,551
I would make the argument that slavery held back the Industrial Revolution because why would you invest in labor-saving devices when you have free labor, right?

1301
01:19:44,251 --> 01:19:51,411
In that same sort of vein, like it was still a very net positive that people like lost jobs to Industrial Revolution and new technologies moving forward.

1302
01:19:51,551 --> 01:19:52,291
We gain more productivity.

1303
01:19:52,471 --> 01:19:54,911
And again, your wealth is never – your wealth isn't Bitcoin.

1304
01:19:55,110 --> 01:19:56,091
I think people forget this as well, too.

1305
01:19:56,331 --> 01:19:57,471
You don't actually want Bitcoin.

1306
01:19:57,630 --> 01:20:00,650
It's just the best money to give you the things that you do want in the future, right?

1307
01:20:00,690 --> 01:20:01,791
It's the medium to get there.

1308
01:20:01,851 --> 01:20:03,110
It's not the thing that you actually consume.

1309
01:20:03,291 --> 01:20:09,690
But even looking at the AI thing, there are so many jobs, in particular, in the managerial

1310
01:20:09,690 --> 01:20:11,791
class that are on the table, that are on the chopping block.

1311
01:20:11,791 --> 01:20:15,091
And the reason being is that the way that I kind of have it framed up is if you're an

1312
01:20:15,091 --> 01:20:17,170
employee for a business, you're kind of working in the present.

1313
01:20:17,751 --> 01:20:20,110
If you're an entrepreneur, right, or like kind of that C-suite level, you tend to be

1314
01:20:20,110 --> 01:20:21,170
looking at the future, right?

1315
01:20:21,230 --> 01:20:22,371
And that's kind of creativity.

1316
01:20:22,530 --> 01:20:24,551
It's things that may not exist yet.

1317
01:20:24,551 --> 01:20:26,951
So it's not something that AI can use because it doesn't have rear-facing data.

1318
01:20:27,411 --> 01:20:36,511
But if you're in a managerial role, that tends to be looking at the past, looking at your past data, whether it's logistics or distributions or sales or whatever it is, and then making plans or stocking up for the future.

1319
01:20:36,610 --> 01:20:40,690
You can take an extreme example of someone who's like a distribution manager, right?

1320
01:20:41,130 --> 01:20:45,891
Well, historically, you have to look at the data and go like, okay, I think these stores are going to need these items come the Christmas season.

1321
01:20:46,210 --> 01:20:47,130
Those jobs are all gone.

1322
01:20:47,130 --> 01:20:54,451
If you have rear-facing data-focused jobs, that's the kind of stuff that the large language models of the AI can really power through.

1323
01:20:54,951 --> 01:21:12,170
But as hard as that transition is going to be and as deflationary as that transition is going to be, think of how much intelligence, like human capital, is currently fucking around on Wall Street trying to make trades just a fraction of a second faster, offering no value to anybody else because that's the money spigot.

1324
01:21:12,170 --> 01:21:13,331
that's where their energy is being put.

1325
01:21:13,630 --> 01:21:14,630
If you take those people

1326
01:21:14,630 --> 01:21:17,911
and you unleash that entrepreneurial force on the world,

1327
01:21:18,351 --> 01:21:20,371
like, my God, I was promised flying cars

1328
01:21:20,371 --> 01:21:22,030
and Fiat has fucking taken them away from me.

1329
01:21:22,190 --> 01:21:23,871
And I just know that if we can get this thing

1330
01:21:23,871 --> 01:21:25,011
on the right path, they're coming.

1331
01:21:26,391 --> 01:21:27,351
It's such a good point.

1332
01:21:27,451 --> 01:21:30,230
Like so many of the brightest minds have,

1333
01:21:30,810 --> 01:21:33,251
instead of going into engineering or medicine

1334
01:21:33,251 --> 01:21:35,471
or like things that actually matter,

1335
01:21:35,610 --> 01:21:38,471
they've just gone into finance.

1336
01:21:39,110 --> 01:21:41,351
And like, not that there aren't valuable things

1337
01:21:41,351 --> 01:21:42,871
that you can do in the financial world.

1338
01:21:43,011 --> 01:21:43,931
Obviously there are.

1339
01:21:44,570 --> 01:21:47,331
But the over-financialization of everything

1340
01:21:47,331 --> 01:21:50,011
based on the broken incentives of fiat

1341
01:21:50,011 --> 01:21:50,971
is what is the problem.

1342
01:21:51,530 --> 01:21:54,891
Like just so much time and energy

1343
01:21:54,891 --> 01:21:56,070
and so much brain power

1344
01:21:56,070 --> 01:21:58,751
that could be focused on really important problems

1345
01:21:58,751 --> 01:22:01,130
is just focused on financial engineering

1346
01:22:01,130 --> 01:22:03,110
that's not actually creating any real value.

1347
01:22:03,190 --> 01:22:04,150
And there is financial engineering

1348
01:22:04,150 --> 01:22:05,551
that can create value, right?

1349
01:22:05,871 --> 01:22:06,551
Not saying that.

1350
01:22:06,630 --> 01:22:08,310
Again, this is not like a binary thing.

1351
01:22:08,310 --> 01:22:16,551
it's just that i think any reasonable person can admit that we have way way way uh let's say there's

1352
01:22:16,551 --> 01:22:27,190
the incentives being broken has forced or caused so many more people to go and pursue careers in

1353
01:22:27,190 --> 01:22:34,210
basically just financial vaporware right instead of actually doing something that is for the

1354
01:22:34,210 --> 01:22:40,051
betterment of of humanity and not that you know like not that you need to have like some high and

1355
01:22:40,051 --> 01:22:43,791
mighty goal like you're like not everyone's an elon musk who's trying to make us an interplanetary

1356
01:22:43,791 --> 01:22:49,351
species right but like generally doing something that is in if the incentives are aligned if the

1357
01:22:49,351 --> 01:22:53,570
money is sound doing something that is in your best interest that provides value and that other

1358
01:22:53,570 --> 01:22:57,751
people want to pay you for is going to be in everyone's best interest but like when the

1359
01:22:57,751 --> 01:23:01,911
incentives are broken because the money is broken doing something that's your best in your best

1360
01:23:01,911 --> 01:23:05,551
interest is not necessarily in everyone's interest, like because you're just playing

1361
01:23:05,551 --> 01:23:07,770
these weird financial financialized games.

1362
01:23:07,770 --> 01:23:08,110
Right.

1363
01:23:08,150 --> 01:23:10,971
And like, I don't know, it's a shame, but it's one of the things that gives me so much

1364
01:23:10,971 --> 01:23:15,451
hope about about Bitcoin is like also some of these financial engineering jobs are just

1365
01:23:15,451 --> 01:23:17,391
going to be obsolete by AI.

1366
01:23:17,530 --> 01:23:17,630
Right.

1367
01:23:17,630 --> 01:23:21,190
You already have sailor being like, I just invented new financial products by vibe by

1368
01:23:21,190 --> 01:23:23,011
by vibe coding basically with AI.

1369
01:23:23,130 --> 01:23:23,451
Right.

1370
01:23:23,491 --> 01:23:28,150
Like, you know, like doing the work of a whole team of, of, you know, you know, investment

1371
01:23:28,150 --> 01:23:32,391
bankers that are you know fresh out of fresh out of college making you know half a million dollars

1372
01:23:32,391 --> 01:23:38,570
a year like nope just sailor and his ai like yep it's absolutely beautiful like to that point it's

1373
01:23:38,570 --> 01:23:56,356
the um when the incentives are aligned on a wonderful sound money standard the way that you become like stinking fucking rich is by offering value to the most amount of people The only way in that system that you come out on top is by scaling and offering value to as many people as possible

1374
01:23:56,416 --> 01:24:05,276
Even on the flip side, I was thinking too of the like the brainpower that's being sucked away into basically nonproductive aspects, we'll say, of finance and just playing fiat contillionaire games.

1375
01:24:05,636 --> 01:24:10,896
There's also the other side too where how many potentially like it's the scene versus the unseen, the classic Austrian stuff, right?

1376
01:24:10,896 --> 01:24:15,156
how many people in a sound money system would have gone on to great,

1377
01:24:15,276 --> 01:24:17,116
great invention or great business or great service,

1378
01:24:17,116 --> 01:24:20,376
but they're so stuck in the daily grind and so trapped by having to make their

1379
01:24:20,376 --> 01:24:21,136
existing payments.

1380
01:24:21,276 --> 01:24:22,956
You got it in the other flip side as well,

1381
01:24:23,016 --> 01:24:23,096
too,

1382
01:24:23,116 --> 01:24:25,896
where the other people that are struggling that can't save and get ahead and

1383
01:24:25,896 --> 01:24:28,796
therefore now have that opportunity to start that great idea that they actually

1384
01:24:28,796 --> 01:24:28,916
had.

1385
01:24:28,956 --> 01:24:30,336
That actually was a great idea,

1386
01:24:30,456 --> 01:24:30,596
right?

1387
01:24:30,656 --> 01:24:33,756
We know there's so much that gets lost because everyone's just trying to stay

1388
01:24:33,756 --> 01:24:35,376
afloat or get close to the money printer.

1389
01:24:36,416 --> 01:24:37,576
And it's actually like,

1390
01:24:37,636 --> 01:24:37,876
it's,

1391
01:24:37,936 --> 01:24:39,256
it's such a sad thing.

1392
01:24:39,256 --> 01:24:46,496
And I think actually like Seyfedeen's new book is The Gold Standard is kind of an exploration.

1393
01:24:46,656 --> 01:24:47,556
I've not read it yet.

1394
01:24:48,116 --> 01:24:49,976
I imagine it's probably pretty darn good.

1395
01:24:50,316 --> 01:24:53,536
But I believe it's like a bit of a novel as well.

1396
01:24:53,716 --> 01:24:55,896
Like, right, it's like the idea is like what would have happened?

1397
01:24:56,096 --> 01:25:00,456
Yeah, like what would have happened if we didn't leave the gold standard, right?

1398
01:25:00,456 --> 01:25:02,276
Like if we figured that out.

1399
01:25:03,156 --> 01:25:04,736
And it is kind of crazy to think about.

1400
01:25:04,736 --> 01:25:13,836
Like what does the world look like on a sound money standard for an extended period of time in the digital age?

1401
01:25:14,096 --> 01:25:17,276
Again, we don't know yet because we don't have one.

1402
01:25:17,436 --> 01:25:19,316
Like some people, the future is here.

1403
01:25:19,816 --> 01:25:21,056
We're living in the future right now.

1404
01:25:21,136 --> 01:25:23,056
Those who are listening to this right now are living in the future.

1405
01:25:23,736 --> 01:25:26,196
If you're saving in Bitcoin, you're already on a sound money standard.

1406
01:25:26,276 --> 01:25:28,336
So you know what it's like for you, but what does that look like at scale?

1407
01:25:28,736 --> 01:25:29,916
What does that look like for everyone?

1408
01:25:30,556 --> 01:25:33,396
What does that look like when the whole world is operating in that way?

1409
01:25:33,836 --> 01:25:35,556
And again, that's going to take a lot of time.

1410
01:25:36,076 --> 01:25:37,516
That's going to take a long time.

1411
01:25:37,616 --> 01:25:38,836
I don't know if we even see that.

1412
01:25:39,356 --> 01:25:40,816
I think maybe our kids do.

1413
01:25:41,376 --> 01:25:42,596
I'd say we might touch it.

1414
01:25:42,676 --> 01:25:44,036
Yeah, it might be like grandkids or something.

1415
01:25:44,476 --> 01:25:46,916
Yeah, and we'll be like 90-some years.

1416
01:25:46,996 --> 01:25:48,736
We'll be like, I fucking told you so.

1417
01:25:48,816 --> 01:25:49,396
We were right.

1418
01:25:50,236 --> 01:25:52,196
But I don't know.

1419
01:25:52,556 --> 01:25:53,756
It's wild to think about.

1420
01:25:54,216 --> 01:25:55,776
And it gives me a lot of hope for the future.

1421
01:25:56,236 --> 01:26:02,876
And so, yes, even when Bitcoin is crashing down to now 96,431 fiat cuck bucks,

1422
01:26:02,876 --> 01:26:05,616
infinitely printable fiat cuck bucks per Bitcoin.

1423
01:26:06,276 --> 01:26:08,536
I'm still just so incredibly bullish on the future

1424
01:26:08,536 --> 01:26:14,336
because it's like we don't even know how good things could get.

1425
01:26:14,656 --> 01:26:17,716
And they're going to get really messy in between.

1426
01:26:18,016 --> 01:26:18,616
Transition?

1427
01:26:19,496 --> 01:26:21,956
It's not going to be pretty, undeniably.

1428
01:26:22,876 --> 01:26:25,136
But what comes out on the other side,

1429
01:26:25,416 --> 01:26:27,816
we're not building right now for ourselves.

1430
01:26:28,056 --> 01:26:30,036
We're building for the next generations.

1431
01:26:30,036 --> 01:26:37,996
and that's I think something that like fiat forces you to be so high time preference that

1432
01:26:37,996 --> 01:26:42,616
like so much I mean and I don't mean I know a lot of really good boomers right I know a lot of

1433
01:26:42,616 --> 01:26:48,016
great bitcoin boomers it's a cliche for a reason but the the boomers like it's kind of just like a

1434
01:26:48,016 --> 01:26:52,316
they just basically it's just like oh well fuck the younger generation you know pull yourself up

1435
01:26:52,316 --> 01:26:56,736
by your bootstraps just buy your house for a couple of bushels of raspberries like I did and

1436
01:26:56,736 --> 01:26:57,756
It'll be worth $5 million.

1437
01:26:58,216 --> 01:27:02,416
You know, like it was so much worse than that because it was hypocritical as well, too.

1438
01:27:02,576 --> 01:27:07,896
It was like they took the lessons of the greatest generation and like you got to save, you got to work hard and these things, too.

1439
01:27:08,036 --> 01:27:11,016
But then they didn't apply them to themselves, but they gave us the gave the rules to us.

1440
01:27:11,056 --> 01:27:14,916
Like we're just going to have like pensions we've been paying into, but we're getting paid out of right away.

1441
01:27:15,016 --> 01:27:17,296
And we're going to get all this entitlement spending and everything, too.

1442
01:27:17,536 --> 01:27:20,136
But you guys, you guys are the issue that aren't working hard.

1443
01:27:20,196 --> 01:27:22,216
There's a reason that it stings so much more.

1444
01:27:22,256 --> 01:27:25,216
One thing if they were just like kind of hippies and like, no, let's just go full socialism.

1445
01:27:25,216 --> 01:27:28,916
But they preach one thing and then have enacted another as a collective.

1446
01:27:29,096 --> 01:27:30,116
Couldn't judge people as a collective.

1447
01:27:30,276 --> 01:27:32,536
I'm well aware, but there's a reason that cliché exists for a reason.

1448
01:27:33,016 --> 01:27:35,156
And there's still a problem in terms of a voting demographic.

1449
01:27:35,536 --> 01:27:36,816
Like in Canada, my god, it's awful.

1450
01:27:37,096 --> 01:27:40,936
You can actually see that the younger generations have skewed conservative, which again, voting is not going to save you.

1451
01:27:41,016 --> 01:27:41,376
Vote harder.

1452
01:27:41,456 --> 01:27:42,036
We already know this.

1453
01:27:42,236 --> 01:27:53,036
But just to get a read of the room, the only reason that we have the twice central banker once I think was in the running for head of the IMF, running our current country and now into the fucking ground for the benefit of Europe,

1454
01:27:53,036 --> 01:27:55,276
is because it's all the boomers.

1455
01:27:55,376 --> 01:27:58,276
You can see it's like 50 plus is all that's voting for him

1456
01:27:58,276 --> 01:28:01,756
and me in the one-day free state of Alberta here.

1457
01:28:02,116 --> 01:28:03,456
The election is decided before it gets to us.

1458
01:28:03,516 --> 01:28:04,996
Our vote does not matter at all.

1459
01:28:06,096 --> 01:28:06,296
Yeah.

1460
01:28:07,016 --> 01:28:10,056
I am all about a free Alberta.

1461
01:28:11,476 --> 01:28:13,536
The more I've learned about Alberta

1462
01:28:13,536 --> 01:28:16,296
because of all the base Bitcoiners I know from Alberta,

1463
01:28:16,416 --> 01:28:17,716
I'm like, fuck yeah, Alberta.

1464
01:28:18,176 --> 01:28:18,736
Like, yeah.

1465
01:28:19,056 --> 01:28:21,636
Like you, yeah, get out of the rest of Canada.

1466
01:28:21,636 --> 01:28:24,936
Like, you know, like they're not doing you any favors, clearly.

1467
01:28:25,256 --> 01:28:27,716
No, it's not a non-zero chance to even saw just today.

1468
01:28:27,836 --> 01:28:30,436
So we had the so to give you a quick idea.

1469
01:28:30,596 --> 01:28:35,656
The last budget that came out was 60 billion, which, again, is just pocket change for the U.S.

1470
01:28:35,656 --> 01:28:38,436
But it was basically 50 percent higher than what it was supposed to be.

1471
01:28:38,496 --> 01:28:42,716
And the previous finance minister resigned hours before because she was not going to present it.

1472
01:28:42,976 --> 01:28:45,996
Now, in all fairness, she's a terrible like Davos, like hangs out with George Soros type.

1473
01:28:46,036 --> 01:28:49,036
So she's not a good person either. But she resigned and refused to present it.

1474
01:28:49,036 --> 01:28:53,056
the bill that they just dropped the budget they just dropped and it's for this year by the way

1475
01:28:53,056 --> 01:28:59,256
we're in november but the budget just came out now was 78 billion going up to 79 billion but the

1476
01:28:59,256 --> 01:29:02,816
thing that i saw this evening was that there's a whole bunch of like infrastructure projects

1477
01:29:02,816 --> 01:29:05,756
because of course there are we're gonna do a bunch of infrastructure projects they're everywhere

1478
01:29:05,756 --> 01:29:09,916
except alberta there's not a single one in alberta there's a bunch from bc and ontario and quebec

1479
01:29:09,916 --> 01:29:16,016
not a fucking project for alberta we are the red-headed stepchild even though like it's alberta's

1480
01:29:16,016 --> 01:29:21,076
resources that are basically like funding everything, which is just a source of U.S.

1481
01:29:21,076 --> 01:29:25,696
dollars coming in. Yep. Yep. I mean, again, just like in insane. And that's the thing,

1482
01:29:25,736 --> 01:29:32,776
like the solution to our woes, whether wherever you are in the world, whether it be the United

1483
01:29:32,776 --> 01:29:39,116
States or Canada or the soon to be free state of Alberta or in Europe or in Asia or South America

1484
01:29:39,116 --> 01:29:43,396
or Africa, it doesn't matter where it is. Like government is not going to solve your problems.

1485
01:29:43,396 --> 01:29:48,536
if government could solve your problems, we wouldn't have problems, right?

1486
01:29:48,576 --> 01:29:53,096
Our problem is not that, that, oh, well, if we just give government a little more power, right?

1487
01:29:53,196 --> 01:29:58,116
If we just let them govern us a bit harder, daddy, then, then it'll all be fixed.

1488
01:29:58,116 --> 01:30:03,216
No, because if that worked, if giving the government more power would fix our problems,

1489
01:30:03,376 --> 01:30:05,596
then there wouldn't be problems.

1490
01:30:05,596 --> 01:30:10,556
Like this is not like a complicated thing, but, but that's not the case because giving

1491
01:30:10,556 --> 01:30:12,156
the government more power makes things worse.

1492
01:30:12,156 --> 01:30:28,716
It distorts the free market more and more and more. Everything the government does is extractive. They're not a productive institution. They're necessarily not. Everything they do is based on extraction through the threat of violence. And so, no, government is not going to save you. It can't. It cannot save you.

1493
01:30:28,716 --> 01:30:36,976
It is up to us to take the freedoms that we want to have because, again, the government can't give us any freedoms.

1494
01:30:37,236 --> 01:30:39,396
They can enshrine rights.

1495
01:30:39,496 --> 01:30:41,916
They can legally protect freedoms, but they can't give them to us.

1496
01:30:41,976 --> 01:30:42,956
We already have the freedoms.

1497
01:30:43,076 --> 01:30:44,156
We just have to take them.

1498
01:30:44,816 --> 01:30:47,296
And so how do we do that?

1499
01:30:47,976 --> 01:30:50,476
Well, we do it by building parallel systems, right?

1500
01:30:50,876 --> 01:30:52,496
Bitcoiners are already doing that.

1501
01:30:52,496 --> 01:30:58,236
We're already doing that just by the simple act of taking your infinitely printable fiat

1502
01:30:58,236 --> 01:31:02,496
cuck bucks that you get in exchange for your time and energy and converting those to Bitcoin.

1503
01:31:02,856 --> 01:31:07,156
You are already engaging in peaceful revolution against the state.

1504
01:31:07,256 --> 01:31:12,976
Like you are subverting the state in the most peaceful, cooperative, voluntary way possible.

1505
01:31:13,316 --> 01:31:14,676
And that's through Bitcoin.

1506
01:31:14,676 --> 01:31:20,116
And also thank God that we have all these other tools like Noster, like eCash, like

1507
01:31:20,116 --> 01:31:32,556
Like all of BitChat, all of these incredible like technologies that are out there, like Keat and Whole Punch, all these different peer-to-peer technologies that make me so bullish because we have the tools available to us.

1508
01:31:32,976 --> 01:31:37,236
Like to reclaim our freedoms in the digital age.

1509
01:31:37,376 --> 01:31:42,256
We have the tools available to us to step outside of the Fiat Panopticon, right?

1510
01:31:42,736 --> 01:31:44,236
But you have to use them.

1511
01:31:44,896 --> 01:31:47,436
It doesn't work unless you use them.

1512
01:31:48,356 --> 01:31:48,756
Agreed.

1513
01:31:48,756 --> 01:31:50,916
most people are still asleep there

1514
01:31:50,916 --> 01:31:53,416
I completely agree and I think they will be

1515
01:31:53,416 --> 01:31:54,976
until it hurts enough unfortunately

1516
01:31:54,976 --> 01:31:56,756
I think that's the route that most people are going to go down

1517
01:31:56,756 --> 01:31:59,256
and on that note too we just had Matt Hill on the show

1518
01:31:59,256 --> 01:32:01,276
and holy shit the stuff that he's building

1519
01:32:01,276 --> 01:32:01,996
you've got to get him on

1520
01:32:01,996 --> 01:32:05,436
unbelievable like he's going straight for that sovereign computing

1521
01:32:05,436 --> 01:32:07,276
and subverting the state it's unbelievably exciting

1522
01:32:07,276 --> 01:32:08,736
but I want to go down that rabbit hole for a second

1523
01:32:08,736 --> 01:32:10,136
the thing I do want to touch on because we're talking about like

1524
01:32:10,136 --> 01:32:12,016
why am I so bullish and why are you so bullish

1525
01:32:12,016 --> 01:32:14,496
and I kind of had the realization we're at an unfair advantage

1526
01:32:14,496 --> 01:32:16,356
we are really at an unfair advantage here

1527
01:32:16,356 --> 01:32:18,036
being that we are Bitcoin podcasters

1528
01:32:18,036 --> 01:32:19,616
and everyone should become a Bitcoin podcaster

1529
01:32:19,616 --> 01:32:22,216
because the reason that I'm so unbelievably bullish

1530
01:32:22,216 --> 01:32:24,596
is the people that I get to talk to in this space.

1531
01:32:24,736 --> 01:32:26,736
Like if I'm ever having a moment of feeling down,

1532
01:32:26,796 --> 01:32:28,336
like hanging out with you right now in the stream,

1533
01:32:28,396 --> 01:32:29,016
I feel great.

1534
01:32:29,116 --> 01:32:29,656
I'm energized.

1535
01:32:29,856 --> 01:32:30,536
I'm good to go.

1536
01:32:30,876 --> 01:32:31,896
Hanging out with the sessions team.

1537
01:32:31,935 --> 01:32:33,896
We just went to the YYC meetup and had a BitDevs

1538
01:32:33,896 --> 01:32:35,596
and had one of the guys from Lightning Labs in there.

1539
01:32:35,896 --> 01:32:37,616
Like you cannot be bullish

1540
01:32:37,616 --> 01:32:39,716
if you're hanging around other Bitcoiners.

1541
01:32:39,856 --> 01:32:41,216
If you're feeling down right now,

1542
01:32:41,236 --> 01:32:42,316
if the price is bothering you,

1543
01:32:42,376 --> 01:32:43,916
that just means you're not spending enough time

1544
01:32:43,916 --> 01:32:45,836
with Bitcoiners, find the local meetup

1545
01:32:45,836 --> 01:32:47,816
because these are the most inspiring,

1546
01:32:48,036 --> 01:32:53,136
energetic they're the people that you want on your team and my god do they lift you up i was

1547
01:32:53,136 --> 01:32:59,856
hanging out uh i was having a nice guys night evening with some fantastic bitcoiners one of

1548
01:32:59,856 --> 01:33:05,296
which another beautiful alberta bitcoiner was was made x too right and awesome dude awesome dude

1549
01:33:05,296 --> 01:33:11,036
you can't not feel inspired by these people i'm hanging around with people that um they give me

1550
01:33:11,036 --> 01:33:17,116
like okay i gotta do better i can contribute more i can go harder here and in that sort of way when

1551
01:33:17,116 --> 01:33:20,216
you see everything that's being built, when you're being, when you're around the people

1552
01:33:20,216 --> 01:33:23,556
that are building it, when you're around people that see it, this will not phase you at all.

1553
01:33:23,996 --> 01:33:26,876
96.434 will not phase you whatsoever.

1554
01:33:28,396 --> 01:33:29,216
Amen to that.

1555
01:33:29,616 --> 01:33:35,236
The more time I spend with Bitcoiners, like in the meat space, especially like when, when

1556
01:33:35,236 --> 01:33:38,056
you're like, that's, that's one thing that people, you know, will say like, oh, there's

1557
01:33:38,056 --> 01:33:39,956
too many Bitcoin podcasts, too many Bitcoin conferences.

1558
01:33:39,956 --> 01:33:42,116
It's like, I don't know.

1559
01:33:42,136 --> 01:33:43,116
I think we need more of both.

1560
01:33:43,536 --> 01:33:44,856
Like, I think it's, I think it's good.

1561
01:33:44,856 --> 01:34:00,216
I think people need as many opportunities as possible to be around and engage with other Bitcoiners, whether that be passively through listening to podcasts or actively through starting your own Bitcoin podcast, which you should, or actively through being around Bitcoiners at your local meetup or at a conference in the meet space.

1562
01:34:00,376 --> 01:34:02,036
Like there is nothing better than that.

1563
01:34:02,516 --> 01:34:07,176
And when you're around people that are like you said, like you want to be better, right?

1564
01:34:07,176 --> 01:34:08,216
You want to do more.

1565
01:34:08,435 --> 01:34:12,196
You want to contribute more in whatever way we can because we all have different skill sets, right?

1566
01:34:12,276 --> 01:34:14,316
Like you and I aren't writing code, right?

1567
01:34:14,316 --> 01:34:16,576
But those who can't code, podcast.

1568
01:34:17,016 --> 01:34:19,236
Like this is, you know, as the old saying goes.

1569
01:34:20,076 --> 01:34:27,076
But it's impossible to be bearish when you're exposed to all the incredible things that are going on.

1570
01:34:27,296 --> 01:34:28,916
When you're exposed to all the incredible people.

1571
01:34:29,316 --> 01:34:35,656
And that's one of the things that I realized as I started going to Bitcoin conferences was just like, holy shit.

1572
01:34:35,716 --> 01:34:40,476
This is just the most inspiring group of individuals I've ever come across.

1573
01:34:40,696 --> 01:34:42,356
And it's so concentrated too.

1574
01:34:42,356 --> 01:34:46,356
It's not just like, oh, here's the random inspiring individual amongst the crowd of Bitcoiners.

1575
01:34:46,435 --> 01:34:46,916
It's like, no, no, no.

1576
01:34:47,576 --> 01:34:52,276
Like just about every Bitcoiner you meet, you will find some way to get inspired by them.

1577
01:34:52,636 --> 01:34:54,476
And that's just, that's a really cool thing.

1578
01:34:54,596 --> 01:35:00,736
And it's, we're going to look back, you know, I don't know if you watched The Office, but there's, you know, there's that quote in there.

1579
01:35:00,776 --> 01:35:03,176
Like, I wish there was a way to know you were in the good old days when you're in them.

1580
01:35:03,196 --> 01:35:04,716
And it's like, we're in them right now.

1581
01:35:05,096 --> 01:35:07,396
Like, we're going to look back at this and be like, holy shit.

1582
01:35:07,476 --> 01:35:09,396
Like, that was kind of wild, huh?

1583
01:35:09,396 --> 01:35:18,416
We're around these people that are building the future that we're all going to live in or podcasting the future about the future that we're all going to live in.

1584
01:35:19,276 --> 01:35:19,756
I don't know.

1585
01:35:19,896 --> 01:35:20,596
It's cool.

1586
01:35:20,956 --> 01:35:24,896
And again, if you're feeling bearish right now, start a Bitcoin podcast.

1587
01:35:25,435 --> 01:35:26,696
Start talking to more Bitcoiners.

1588
01:35:26,796 --> 01:35:28,435
Go to your local meetup.

1589
01:35:28,696 --> 01:35:31,516
Go to BitcoinPodcast.net slash gear.

1590
01:35:31,736 --> 01:35:38,136
That's BitcoinPodcast.net slash gear to get the full list of everything that you need to start a Bitcoin podcast today.

1591
01:35:38,136 --> 01:35:40,396
and you will feel so much better.

1592
01:35:40,676 --> 01:35:41,396
Because if nothing else,

1593
01:35:41,435 --> 01:35:42,116
if nothing else,

1594
01:35:42,136 --> 01:35:43,736
it doesn't matter if it amounts to anything financially.

1595
01:35:43,816 --> 01:35:44,636
What it will do is give you a chance

1596
01:35:44,636 --> 01:35:45,516
to meet other Bitcoiners,

1597
01:35:45,596 --> 01:35:47,076
talk to the most interesting people in the world,

1598
01:35:47,296 --> 01:35:49,016
have a fun, non-destructive hobby.

1599
01:35:49,276 --> 01:35:50,216
You're going to absolutely love it

1600
01:35:50,216 --> 01:35:50,996
and you should do it.

1601
01:35:51,076 --> 01:35:51,696
And on that note too,

1602
01:35:51,716 --> 01:35:52,756
I want to even point out that like,

1603
01:35:53,336 --> 01:35:54,896
I was just at the Canadian Bitcoin Conference

1604
01:35:54,896 --> 01:35:55,716
a couple of weeks ago.

1605
01:35:56,316 --> 01:35:57,836
And funny enough that like we're here now

1606
01:35:57,836 --> 01:35:59,116
because at that conference,

1607
01:35:59,116 --> 01:36:00,236
I was saying that like,

1608
01:36:00,316 --> 01:36:01,556
it felt like a bear market conference.

1609
01:36:02,016 --> 01:36:03,116
Like it was really like,

1610
01:36:03,316 --> 01:36:03,556
it was,

1611
01:36:03,676 --> 01:36:05,256
I was hanging out with the most amazing people.

1612
01:36:05,576 --> 01:36:06,616
There was no Bitcoin curious.

1613
01:36:06,956 --> 01:36:08,636
Everyone there was already the converted.

1614
01:36:08,896 --> 01:36:13,236
So it was a fun time, but it felt very odd for where we were too.

1615
01:36:13,616 --> 01:36:14,376
But it gave me the chance.

1616
01:36:14,416 --> 01:36:18,356
I got to meet Brandon Gentile, and we had the most amazing time hanging out.

1617
01:36:18,656 --> 01:36:20,176
He gave a talk on homeschooling.

1618
01:36:20,316 --> 01:36:21,676
I was sitting there taking notes.

1619
01:36:21,676 --> 01:36:22,856
I'm like, oh, this dude's nailed it.

1620
01:36:22,976 --> 01:36:24,836
Four kids, and they're just the most polite children.

1621
01:36:24,976 --> 01:36:26,876
I'm like just writing everything down as fast as I can.

1622
01:36:27,316 --> 01:36:31,516
And it's those things that sustain you, that grow you as a person, that you learn something else new.

1623
01:36:31,756 --> 01:36:32,476
Fuck, I was hanging out.

1624
01:36:32,956 --> 01:36:34,416
I was out late too often.

1625
01:36:34,516 --> 01:36:35,256
I got up every morning.

1626
01:36:35,296 --> 01:36:36,356
I was there every morning for sure.

1627
01:36:36,616 --> 01:36:49,876
But like I was hanging out late at a cigar lounge to close with Hoddle Dee, Steve Barber, and Mr. Dave Bradley conspiring on how we can have Alberta independence, right?

1628
01:36:50,036 --> 01:36:51,316
And those are the wonderful times.

1629
01:36:51,416 --> 01:36:53,376
That's what resets the clock and makes you feel amazing.

1630
01:36:54,196 --> 01:36:56,476
Dude, that sounds like a good time.

1631
01:36:56,536 --> 01:36:58,376
I need to make it to a Canadian Bitcoin conference.

1632
01:37:00,476 --> 01:37:01,636
It's on my list.

1633
01:37:01,756 --> 01:37:03,596
The timing has not worked out yet, but I need to make it there.

1634
01:37:03,596 --> 01:37:12,416
I've got to say before Bitcoin, I knew like the Canadians, I knew I could count like on one hand, you know, even I'm from like, like northern Wisconsin.

1635
01:37:12,416 --> 01:37:14,336
So I'm like pretty close to Canada.

1636
01:37:14,376 --> 01:37:18,656
But I still just like I knew very, very few Canadians like through Bitcoin.

1637
01:37:18,756 --> 01:37:19,435
I was like, holy shit.

1638
01:37:19,496 --> 01:37:26,036
Like I like Canadians are way more Bitcoin Canadian, you know, Canadian Bitcoiners are like super based.

1639
01:37:26,096 --> 01:37:26,896
Like this is awesome.

1640
01:37:26,956 --> 01:37:27,696
Now I know more.

1641
01:37:27,876 --> 01:37:30,435
I know more, you know, Canadians I can shake a stick at now.

1642
01:37:30,456 --> 01:37:32,836
And they're all super based, which is which is amazing.

1643
01:37:32,836 --> 01:37:40,796
but no it is like uh the other thing about the vibes like when when it's a quote bear market or

1644
01:37:40,796 --> 01:37:48,935
just when when sentiment generally is bad and you're at a conference a bitcoin conference

1645
01:37:48,935 --> 01:37:54,616
you'd have no idea that sentiment outside of that was bad because the sentiment's never bad at the

1646
01:37:54,616 --> 01:37:58,796
because the talk isn't about price like and that's when you like that's actually when it's good when

1647
01:37:58,796 --> 01:38:04,816
it's not just all of the like macro moon boy opium stuff right when it's like actually like hey here's

1648
01:38:04,816 --> 01:38:09,516
what we're building here's the fucking cool shit we're doing like the price doesn't even come up

1649
01:38:09,516 --> 01:38:15,016
because we all know where it's going and it's just it's irrelevant right it's just about hey what are

1650
01:38:15,016 --> 01:38:19,736
we doing what are we building how can we work together like that's the shit that like gets you

1651
01:38:19,736 --> 01:38:25,536
fired up to dude to come back and podcast another day i gotta tell you so at the conference there

1652
01:38:25,536 --> 01:38:31,516
There was one speech, and I often find myself – we look back on history and wonder how these atrocities in 1945 could ever occur.

1653
01:38:31,656 --> 01:38:34,016
How could everyone follow mean old Mr. Mustache?

1654
01:38:34,556 --> 01:38:41,756
So Francis Pulliat from Bull Bitcoin got on stage and gave a presentation that was what he's doing to take over the world.

1655
01:38:41,856 --> 01:38:45,416
He literally gave a presentation on Bull Bitcoin's world domination plan.

1656
01:38:45,896 --> 01:38:54,156
And absolutely, I was in the crowd just – yes, I totally get how people can be sucked into one of those people because he's a Canadian-based motherfucker and unbelievably inspirational.

1657
01:38:54,156 --> 01:38:55,596
You just want to follow him into battle.

1658
01:38:56,236 --> 01:38:57,816
He's an awesome dude.

1659
01:38:58,336 --> 01:38:58,516
Yeah.

1660
01:38:58,976 --> 01:39:00,435
And that's the thing.

1661
01:39:00,536 --> 01:39:04,776
It's like, man, it's hard to be bearish.

1662
01:39:04,876 --> 01:39:08,516
Like, I can't be bearish knowing the Bitcoiners that I know.

1663
01:39:09,076 --> 01:39:12,356
Like, okay, yeah, like, Bitcoin's immutable properties aside,

1664
01:39:12,976 --> 01:39:16,396
like, what makes me really bullish is, like, our fellow Bitcoiners.

1665
01:39:16,896 --> 01:39:18,576
That's what makes me super fucking bullish.

1666
01:39:19,476 --> 01:39:21,896
And it's, so, you know, again, if you're feeling bearish,

1667
01:39:21,896 --> 01:39:26,856
try to spend some more time with other bitcoiners because it can be isolating like when you go down

1668
01:39:26,856 --> 01:39:31,216
the bitcoin rabbit hole i'm lucky enough that my wife uh carla was was going down the rabbit hole

1669
01:39:31,216 --> 01:39:34,935
with me right so we we had somebody because it was during covid too so it was already isolating

1670
01:39:34,935 --> 01:39:38,796
but at least like we had each other so that was that was amazing and we had the internet you know

1671
01:39:38,796 --> 01:39:44,416
yeah thank goodness but it can be really isolating if you don't have somebody in the real world to

1672
01:39:44,416 --> 01:39:50,176
talk to and like probably for a lot of us like a lot of our let's say uh you know quote normie

1673
01:39:50,176 --> 01:39:52,056
friends. Maybe like we've orange-pilled

1674
01:39:52,056 --> 01:39:54,216
some of them and they're going down the rabbit

1675
01:39:54,216 --> 01:39:55,916
hole, but that's a slow process.

1676
01:39:56,776 --> 01:39:58,216
It's tough. It's not

1677
01:39:58,216 --> 01:39:59,136
immediately easy.

1678
01:39:59,996 --> 01:40:02,176
It's going to take them a while to get them to listen

1679
01:40:02,176 --> 01:40:04,176
to your Bitcoin podcast. They will eventually, and it'll

1680
01:40:04,176 --> 01:40:05,256
be very rewarding.

1681
01:40:06,316 --> 01:40:07,956
But you just got to go

1682
01:40:07,956 --> 01:40:10,376
and meet some actual Bitcoiners.

1683
01:40:11,556 --> 01:40:12,276
It's just the best

1684
01:40:12,276 --> 01:40:14,216
thing you can do for your own sanity like you need

1685
01:40:14,216 --> 01:40:15,756
to. I can believe it.

1686
01:40:15,836 --> 01:40:18,156
I was so isolated and alone for

1687
01:40:18,156 --> 01:40:20,116
years too. So to keep

1688
01:40:20,116 --> 01:40:26,596
in mind before i landed this wonderful job again become a bitcoin podcaster um i was working in a

1689
01:40:26,596 --> 01:40:31,636
canadian university so you can't really get more kind of left liberal than that right so i was the

1690
01:40:31,636 --> 01:40:36,096
ancap libertarian eventual bitcoiner in a canadian university and then going through the kobe times

1691
01:40:36,096 --> 01:40:40,516
as well too i had fucking no one and i was miserable there and it was because of that

1692
01:40:40,516 --> 01:40:44,716
isolation it's almost the like you start to wonder if you're going crazy at times too i was chain

1693
01:40:44,716 --> 01:40:47,916
smoking like a motherfucker because again it was like what am i gonna do i'll get my work done for

1694
01:40:47,916 --> 01:40:52,376
lunch i'm just gonna go smoke listen to some spaces and then go back in because i hated it

1695
01:40:52,376 --> 01:40:57,456
and i had no one to bounce ideas off of i had no one to talk to no one to share with and also

1696
01:40:57,456 --> 01:41:01,396
there's that again canadian university i was well aware that if my opinions got out there that's why

1697
01:41:01,396 --> 01:41:05,276
i had an n on a handle for so long was that i would there's a good chance i'd get canned for

1698
01:41:05,276 --> 01:41:08,696
my actual opinions right and i rose through the ranks way higher than i ever should have

1699
01:41:08,696 --> 01:41:13,756
and so i the first time i went to any sort of bitcoin event i remember leaving there

1700
01:41:13,756 --> 01:41:16,356
and thinking like how energized I was,

1701
01:41:16,416 --> 01:41:18,136
like how like pumped up I was.

1702
01:41:18,256 --> 01:41:20,096
But I later realized it wasn't that.

1703
01:41:20,396 --> 01:41:22,576
It wasn't that I got in there

1704
01:41:22,576 --> 01:41:24,036
and these people gave me a bunch of energy.

1705
01:41:24,156 --> 01:41:25,396
It's I got in there and I,

1706
01:41:25,656 --> 01:41:27,256
because of value alignment and understanding,

1707
01:41:27,516 --> 01:41:29,216
I got to shed all the chains.

1708
01:41:29,496 --> 01:41:31,476
I was just unrestricted for the first time.

1709
01:41:31,556 --> 01:41:33,376
I wasn't having to worry about what I was saying

1710
01:41:33,376 --> 01:41:35,216
or what I was thinking or how it would be received.

1711
01:41:35,316 --> 01:41:37,156
I could just freely be me.

1712
01:41:37,416 --> 01:41:38,716
And once I got a taste of that,

1713
01:41:38,756 --> 01:41:39,696
there was no fucking going back.

1714
01:41:39,776 --> 01:41:40,696
I was looking for the exits

1715
01:41:40,696 --> 01:41:41,696
and I was getting out of that job.

1716
01:41:41,696 --> 01:41:50,516
man that must have been uh that's like a quite a a hotbed of like oh my communism like i can i can

1717
01:41:50,516 --> 01:41:56,296
only imagine that must have been like stepping out of that and then into the bitcoin space like

1718
01:41:56,296 --> 01:42:00,636
that's that's about as like a it's quite a quite a polar opposite there in terms of uh

1719
01:42:00,636 --> 01:42:08,136
in terms of vibe man and and how does it feel oh my god it's you have no idea i've um it's a little

1720
01:42:08,136 --> 01:42:12,596
bit harder my wife right now and explain why in the sense that um i've never worked as hard as i

1721
01:42:12,596 --> 01:42:18,496
am between the two companies but i've never been this happy like i was absolutely and on paper it

1722
01:42:18,496 --> 01:42:23,576
was a great job on paper it was the like best job benefits and vacation and paying all these things

1723
01:42:23,576 --> 01:42:28,236
too but like i remember talking i had a good relationship with one of our providers and i was

1724
01:42:28,236 --> 01:42:32,096
explaining it to him it's like the thing that i need is not money the thing that i need is just

1725
01:42:32,096 --> 01:42:35,976
respect and to be able to talk like that was my issue right i was just oh this is you know token

1726
01:42:35,976 --> 01:42:41,796
libertarian guy ignore his points and never give him any don't give him more responsibility it was

1727
01:42:41,796 --> 01:42:46,456
the best thing i did for myself and actually i heard ray dalio talking about this on a podcast

1728
01:42:46,456 --> 01:42:51,456
and if you're young this is particularly good advice um don't don't follow the money um follow

1729
01:42:51,456 --> 01:42:55,296
the people you want to work with and particularly mentor under that'll be the biggest roi in terms

1730
01:42:55,296 --> 01:43:02,096
of your career path and i 100 agree i have just like everything for me has accelerated working

1731
01:43:02,096 --> 01:43:04,096
with Ben over at BT Sessions and him and Mike

1732
01:43:04,096 --> 01:43:04,856
over at Bitcoin Mentor.

1733
01:43:06,016 --> 01:43:08,076
I've never been this happy because I have meaning.

1734
01:43:08,236 --> 01:43:09,716
I enjoy what I'm doing.

1735
01:43:09,956 --> 01:43:11,756
I don't feel like I'm just wasting time.

1736
01:43:12,016 --> 01:43:13,935
Fucking hell. I'm sure you're

1737
01:43:13,935 --> 01:43:16,116
mildly aware, but they literally waste money

1738
01:43:16,116 --> 01:43:17,816
at the universities. They literally purposely

1739
01:43:17,816 --> 01:43:18,816
waste money. No.

1740
01:43:19,576 --> 01:43:21,476
Yes, they do. They do, Walker.

1741
01:43:21,876 --> 01:43:22,696
I'm shocked.

1742
01:43:23,916 --> 01:43:25,716
If you get a grant and you don't

1743
01:43:25,716 --> 01:43:27,796
spend it all, you will get less

1744
01:43:27,796 --> 01:43:29,856
money next year. So the only way

1745
01:43:29,856 --> 01:43:31,776
and also if you don't spend it, it's not like you get to keep it.

1746
01:43:31,776 --> 01:43:34,296
It's not like you can save grant money, which is fucking retarded.

1747
01:43:34,696 --> 01:43:39,616
It means that you have to burn it by the end of the grant in order to get the same or more the next year.

1748
01:43:39,696 --> 01:43:41,016
And if you don't spend it, you will get less.

1749
01:43:41,056 --> 01:43:42,216
You don't get to save it or keep it for it.

1750
01:43:42,396 --> 01:43:44,996
So they would purposely dump money on the dumbest shit.

1751
01:43:45,576 --> 01:43:52,016
And it was – again, I worked specifically in research, and it's such a – you meet people with a very narrow scope of focus.

1752
01:43:52,136 --> 01:43:53,956
And they're very brilliant in their one particular field.

1753
01:43:54,276 --> 01:43:58,796
But if you've – everybody should have like a service job or work in the trades.

1754
01:43:58,935 --> 01:43:59,776
I'm a big believer in that.

1755
01:43:59,776 --> 01:44:02,556
If you can, when you're young, start getting jobs.

1756
01:44:02,996 --> 01:44:09,136
There's an important lesson in kind of being bottom of the totem pole and having those kind of those skill sets and kind of working your way up to.

1757
01:44:09,576 --> 01:44:15,316
Because I would work with or work for people that had only ever been in academia, never been in like a for-profit company.

1758
01:44:15,836 --> 01:44:20,496
And trying to communicate or plan with them or even just like the leadership skills is unbelievably frustrating.

1759
01:44:20,916 --> 01:44:23,056
It's like you guys would die in the free market in a second.

1760
01:44:23,176 --> 01:44:25,896
You're only here because you're subsidized by the government because you suck their dick.

1761
01:44:25,896 --> 01:44:33,896
yeah yeah i want to read uh btc dharma in the chat i'm a tenured uh psychological science professor

1762
01:44:33,896 --> 01:44:40,296
who feels similarly outcast stop giving a fuck about it a year ago and preach freely to the libs

1763
01:44:40,296 --> 01:44:46,316
btc dharma good for you good for you man you're you're you're not alone um you know that that's

1764
01:44:46,316 --> 01:44:50,456
the thing that's the beautiful thing about i think bitcoiners generally it's like you realize there

1765
01:44:50,456 --> 01:44:54,156
are other people that are like just as crazy and like a lot of them are even crazier than you are

1766
01:44:54,156 --> 01:44:55,156
Like you thought you were hardcore.

1767
01:44:55,356 --> 01:44:58,756
It's like you go around Bitcoin and you're like, fuck, I need to step up my game.

1768
01:44:58,816 --> 01:45:00,756
I'm kind of a little bitch right now.

1769
01:45:01,636 --> 01:45:07,796
You know, but like it is an incredibly, it's a freeing thing, I think.

1770
01:45:07,856 --> 01:45:11,376
And that's the beauty of Bitcoin generally is like that it gives you the option to like,

1771
01:45:11,856 --> 01:45:13,136
like it's fuck you money.

1772
01:45:13,456 --> 01:45:16,576
Like you don't even need to have, you don't need to have billions of dollars worth of Bitcoin

1773
01:45:16,576 --> 01:45:17,896
for Bitcoin to be fuck you money.

1774
01:45:17,976 --> 01:45:19,516
Like Bitcoin just is fuck you money.

1775
01:45:19,935 --> 01:45:20,276
Right.

1776
01:45:20,716 --> 01:45:24,016
And because it's the first form of money they can't fuck with.

1777
01:45:24,156 --> 01:45:25,576
They can't fuck with it.

1778
01:45:25,996 --> 01:45:26,476
No, they can't.

1779
01:45:26,536 --> 01:45:28,736
They can't take it from you and they can't debase it.

1780
01:45:29,196 --> 01:45:30,316
And that's everything.

1781
01:45:30,796 --> 01:45:31,676
That's everything.

1782
01:45:31,776 --> 01:45:36,576
Because even a little bit of it gives you more freedom than a giant stack of fiat.

1783
01:45:37,036 --> 01:45:39,036
And that's a beautiful thing, right?

1784
01:45:39,176 --> 01:45:42,396
That's that like the optionality that Bitcoin gives people.

1785
01:45:42,696 --> 01:45:47,296
And Bitcoin gives people over time too, because your optionality only increases.

1786
01:45:48,036 --> 01:45:53,216
And that's kind of the incredible thing is like, I'm very excited to see something I've

1787
01:45:53,216 --> 01:45:57,876
talked with with american huddle and eric casein about extensively i'll have them on for just like

1788
01:45:57,876 --> 01:46:01,536
regular uh rips together because i just love getting the two of those guys together and

1789
01:46:01,536 --> 01:46:07,916
bouncing ideas around huddle is my spirit animal i love them dude they're just awesome dudes like

1790
01:46:07,916 --> 01:46:12,236
just like respect the hell out of those guys and one thing we've talked about a lot is just this

1791
01:46:12,236 --> 01:46:15,656
this idea and huddle breaks it down more eloquently than i ever could but it's like

1792
01:46:15,656 --> 01:46:20,256
yeah bitcoin's gonna go to millions of dollars a coin and then what like what are you going to do

1793
01:46:20,256 --> 01:46:22,976
because we are going to be the capital allocators

1794
01:46:22,976 --> 01:46:23,876
of the new world order

1795
01:46:23,876 --> 01:46:26,096
and not like the new world order,

1796
01:46:26,276 --> 01:46:29,036
but like the real, the orange world order.

1797
01:46:29,856 --> 01:46:31,016
Actually impressive elites.

1798
01:46:31,736 --> 01:46:32,516
Yeah, exactly.

1799
01:46:32,776 --> 01:46:34,756
Like elite in a good way, right?

1800
01:46:35,036 --> 01:46:35,276
Yep.

1801
01:46:35,756 --> 01:46:37,756
In the way that it actually literally means,

1802
01:46:37,816 --> 01:46:38,896
not in the way that it's come to mean.

1803
01:46:39,636 --> 01:46:40,616
Like what are you going to do?

1804
01:46:40,616 --> 01:46:42,576
And I'm excited to see what Bitcoiners do

1805
01:46:42,576 --> 01:46:45,636
because we're going to have an incredible amount

1806
01:46:45,636 --> 01:46:47,276
of economic energy.

1807
01:46:47,636 --> 01:46:49,156
We have low time preferences.

1808
01:46:49,156 --> 01:46:54,336
we generally the bitcoiners who are around now generally want to either have or want to build

1809
01:46:54,336 --> 01:47:00,116
families to build legacy within those families to build strong families uh a lot of homeschooling

1810
01:47:00,116 --> 01:47:05,935
watching them sleep right now amazing amazing and i yeah i love it and we we should wrap soon

1811
01:47:05,935 --> 01:47:10,776
because both of us should probably uh you know get get get to bed uh at some point soon but i

1812
01:47:10,776 --> 01:47:15,796
you know maybe i'll leave it i'll leave it with this is just that like if you're okay we're sitting

1813
01:47:15,796 --> 01:47:20,836
right now we've been hovering right now at you know nine around 96 000 uh i don't know how much

1814
01:47:20,836 --> 01:47:26,935
it is in uh in canadian moose knuckles uh but i'm dead it's probably pretty bad yeah yeah but

1815
01:47:26,935 --> 01:47:34,916
134 8 wow it sounds it sounds so nice in canadian 100k guys yeah you're talking about there you go

1816
01:47:34,916 --> 01:47:38,596
yeah we're man how can you be bearish you know because that's the thing like man you want to be

1817
01:47:38,596 --> 01:47:44,576
really bullish look at the price in turkish lira like it's nuts um and i've some a lot of turkish

1818
01:47:44,576 --> 01:47:51,556
friends were very happy they own Bitcoin, understandably so. But like, there's just no

1819
01:47:51,556 --> 01:47:55,856
reason to be bearish right now. There's an opportunity right now because when other people

1820
01:47:55,856 --> 01:48:00,976
are really bearish, personally, that's when I'm the most bullish. It's like, that's when there's

1821
01:48:00,976 --> 01:48:06,256
an information asymmetry. That is when, if you understand Bitcoin, you really understand Bitcoin,

1822
01:48:06,356 --> 01:48:10,116
you've really thought about the game theory of this. You've really thought about what is going

1823
01:48:10,116 --> 01:48:14,935
to happen in the coming decades, right? And you're thinking about this long-term, you're thinking

1824
01:48:14,935 --> 01:48:19,456
about it in terms of not just yourself, but outside of yourself, your family, right? The future

1825
01:48:19,456 --> 01:48:25,196
generations. If you are thinking in that timescale, you need to look at this as a generational

1826
01:48:25,196 --> 01:48:30,036
opportunity. And that's not to say that it may not, it's like Bitcoin is volatile, but it's volatile

1827
01:48:30,036 --> 01:48:34,776
up and to the right with some, some, you know, yeah, it's going to, it's going to dip. It's

1828
01:48:34,776 --> 01:48:40,276
taking a little dip right now. Dips are meant for buying, right? There's always going to be more

1829
01:48:40,276 --> 01:48:44,156
dollars. There's never going to be more than 21 million Bitcoin. There's always going to be more

1830
01:48:44,156 --> 01:48:49,796
Canadian moose shekels and Turkish lira and pesos and whether they be Argentinian or Mexican or

1831
01:48:49,796 --> 01:48:57,176
whatever, there's just 21 million Bitcoin. That's it. And boy, if you understand that right now,

1832
01:48:57,236 --> 01:49:03,456
you are in a very, very small and privileged minority and you have an opportunity. You have

1833
01:49:03,456 --> 01:49:08,996
an opportunity right now, but it's up to you to take it. Nobody can, you know, you can, uh, like

1834
01:49:08,996 --> 01:49:14,556
the orange pill must be taken willingly. Right. And if you've already taken it willingly,

1835
01:49:14,556 --> 01:49:20,716
you're in the small minority, but realize that like eventually more people will wake up out of

1836
01:49:20,716 --> 01:49:26,596
necessity. But right now, most of them are still asleep, but that's your opportunity. Take it.

1837
01:49:26,596 --> 01:49:30,636
I agree. I really liked that. There's something that you kind of like hit on there from Hottle's

1838
01:49:30,636 --> 01:49:35,016
point that I thought was actually very beautiful. It's this idea that this is your opportunity to

1839
01:49:35,016 --> 01:49:39,656
stack more Bitcoin. And the next thing that you should do is not figure out what you're going to

1840
01:49:39,656 --> 01:49:42,576
buy when it's a million dollars or multiple millions of dollars, but figure out what you're

1841
01:49:42,576 --> 01:49:48,896
going to do. That is incredibly profound. It gives you the chance to actually dictate the terms of

1842
01:49:48,896 --> 01:49:53,336
your life. Because if you're stacking stats right now, you will get to have the life that you want.

1843
01:49:53,616 --> 01:49:57,016
So what do you want? What do you want to do? Where are you going to contribute? What's meaningful

1844
01:49:57,016 --> 01:49:57,896
and important to you.

1845
01:49:59,456 --> 01:50:00,236
Amen to that.

1846
01:50:00,676 --> 01:50:02,216
Nathan, I'm glad you jumped on here, man.

1847
01:50:02,336 --> 01:50:03,176
I was not expecting that.

1848
01:50:03,176 --> 01:50:03,296
Yeah, me too.

1849
01:50:03,616 --> 01:50:05,856
If I was just ranting solo this whole time,

1850
01:50:05,896 --> 01:50:07,036
it would have been way more boring,

1851
01:50:07,496 --> 01:50:08,935
at least for me.

1852
01:50:09,096 --> 01:50:10,756
I don't know if it would have been better or worse

1853
01:50:10,756 --> 01:50:12,316
for the crowd out there,

1854
01:50:12,756 --> 01:50:14,796
but I'm glad we got a chance to do this, man.

1855
01:50:15,336 --> 01:50:16,996
Folks should check out your shows.

1856
01:50:17,116 --> 01:50:18,796
I mean, most folks are probably following

1857
01:50:18,796 --> 01:50:20,336
BTC Sessions already,

1858
01:50:20,435 --> 01:50:23,076
but you've got a fantastic show on there.

1859
01:50:24,296 --> 01:50:25,136
Yeah, I don't know.

1860
01:50:25,376 --> 01:50:26,636
And if you're listening to this right now,

1861
01:50:26,636 --> 01:50:30,236
if you're one of these people who is up late at night right now at, you know, one in the morning

1862
01:50:30,236 --> 01:50:35,476
or whatever time it is for you listening to this, maybe start your own Bitcoin podcast.

1863
01:50:36,096 --> 01:50:40,216
Like, I know we'll, we'll, we'll both come on your show. I'm, you know, I'm sure like we'll,

1864
01:50:40,216 --> 01:50:45,056
we'll be happy to. And like, we need more Bitcoin podcasts until we have more Bitcoin podcasts

1865
01:50:45,056 --> 01:50:51,856
than shitty fiat finance podcasts. We're still lacking in Bitcoin podcasts. So consider this

1866
01:50:51,856 --> 01:50:53,756
your sign to go start your own.

1867
01:50:54,376 --> 01:50:55,896
And yeah, I don't know, man.

1868
01:50:56,116 --> 01:50:58,016
Glad you jumped on here. This was a good time.

1869
01:50:58,176 --> 01:51:00,056
Me too. This is way better than finishing cleaning.

1870
01:51:00,076 --> 01:51:01,836
I'm even more bullish now. I'm even more bullish than who it was

1871
01:51:01,836 --> 01:51:04,036
at the start of this. Fuck yeah, man. Damn straight, Walker.

1872
01:51:04,616 --> 01:51:05,236
Damn straight, sir.

1873
01:51:05,416 --> 01:51:07,976
Shall we go be with our sleeping

1874
01:51:07,976 --> 01:51:09,856
families? We probably

1875
01:51:09,856 --> 01:51:12,016
should. But before we do, just a reminder, everybody, go to

1876
01:51:12,016 --> 01:51:13,935
bitcoinpodcast.net slash gear

1877
01:51:13,935 --> 01:51:15,976
to get that full list of everything you need for the Bitcoin

1878
01:51:15,976 --> 01:51:17,976
podcast. Bam. Love it.

1879
01:51:17,976 --> 01:51:19,996
Alright, I'm going to cut this stream, and then we're going

1880
01:51:19,996 --> 01:51:22,156
to see if we're both uploaded and then we're going to go to bed.

1881
01:51:22,456 --> 01:51:25,096
Thank you to everybody who tuned in and listened to this.

1882
01:51:26,236 --> 01:51:26,996
Stay bullish.

1883
01:51:27,276 --> 01:51:28,076
Go meet Bitcoiners.

1884
01:51:28,176 --> 01:51:29,036
Start a Bitcoin podcast.

1885
01:51:29,756 --> 01:51:30,276
Raise a family.

1886
01:51:30,516 --> 01:51:31,276
Homeschool your kids.

1887
01:51:31,576 --> 01:51:32,236
Subbirth the state.

1888
01:51:32,816 --> 01:51:33,496
And have a great night.

1889
01:51:33,916 --> 01:51:34,096
Cheers.

1890
01:51:34,876 --> 01:51:35,456
Cheers, everyone.