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I believe we probably waste 90 or 95% of the energy out there because we live in a Seattle

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society.

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We produce shit we don't need.

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We do it slower, more stupid, more retarded, more backwards than we otherwise would had

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we had a monetary system that we could measure all of this stuff accurately with.

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We're literally like blind men trying to build a house and not only like trying to build

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a house being blind but we're using an elastic tape measure.

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And we're wondering why everything is like all wonky and fucking nothing's holding together.

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Bitcoin is like eyesight with a tape measure that works.

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And as a result, you actually get a house.

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We don't get fucking shacks.

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Greetings and salutations, my fellow plebs.

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My name is Walker and this is the Bitcoin Podcast.

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The Bitcoin Blockight is 821333 and the value of one Bitcoin is still one Bitcoin.

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Today's episode is Bitcoin Talk where I talk with my guest about Bitcoin and many other

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things as well.

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Today, that guest is Alex Svedski.

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He's an author, speaker, and an entrepreneur.

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He coauthored a fantastic book with Mark Moss called The Uncommunist Manifesto.

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It's a rebuttal to Marx and Engels, the Communist Manifesto.

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I'll read both of them together in an episode of Bitcoin Loud on an upcoming show.

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Svedski is also building Spirit of Satoshi, a Bitcoin-centric AI, and he's the publisher

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of The Bitcoin Times, not to be confused with BTC Times.

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Svedski and I dig into a bunch of topics, but our conversation centers around communism,

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capitalism, Bitcoin, and energy.

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We unpack some of the misconceptions people have about both communism and capitalism,

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and talk about how we can reframe these discussions.

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We also dig into how much communism has already infected our world, even here in the supposedly

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capitalist United States of America.

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As always, you can watch the video version of this episode on Rumble, YouTube, or X by

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searching at Walker America, or listen on Fountain or wherever you get your podcasts

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by searching for The Bitcoin Podcast.

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If you listen to The Bitcoin Podcast on Fountain, consider giving the show a boost or creating

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a clip of something you found interesting.

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If you haven't checked out Fountain yet, I highly recommend it.

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You can send Bitcoin to your favorite podcasters and earn Bitcoin just for listening to this

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show.

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And if you are a Bitcoin-only company interested in sponsoring another fucking Bitcoin podcast,

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hit me up on social media or on BitcoinPodcast.net.

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

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And then, glad we were able to get this on the books, because I've been wanting to have

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a chat with you and just pick your brain for a while.

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You and I always get into some interesting topics when we're chatting at conferences.

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And now that I have another fucking Bitcoin podcast, what better place to have another

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one of those chats since we're a ways apart now.

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But figure we can get into a couple of different topics today.

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I definitely want to pick your brain a bit about, let's call it the state of the state

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as it relates to kind of harkening back to some of the really shitty communist ideas

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that were put out in the last couple hundred years and how we see some of those infecting

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the political machines and the minds of those who are less inclined to independent thought,

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we see it infecting them today.

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But then also, you'd sent me some stuff from the upcoming episode or upcoming edition, excuse

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me, of the Bitcoin Times and really enjoyed those reads.

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I know, has it been released yet or it's not fully released?

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Yeah, pre-release.

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Okay.

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So, we can go into it as much as you want without giving away too many of the goods, because

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I would recommend that folks read that as well.

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And then I actually, I went back today and I reread your piece, Fire, Bitcoin, Teleportation.

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Oh, the classic.

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Yeah, because you mentioned it in the recent one you sent me and I read it some time ago

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now, but I thought, let me go back and let me revisit that with a different lens.

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And so that was, I think, it's honestly still a really great primer on how or let's not

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say how, let's say ways you can think about Bitcoin in terms of its larger scale impact.

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Not just, you know, okay, it's this technology, it's this money, but what does that actually

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mean in the grand scheme of things for us on this little speck of rock floating around

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in the universe?

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Like, how does that, what difference does that actually make?

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So I figure we'll dig into some of that.

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There's also plenty of, plenty of, let's say, current events we can dig into.

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I just saw a fucking Ray Dalio today at the climate conference.

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Oh, good.

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Made some hilarious statements about, basically, we're living in a world that doesn't have

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enough money.

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And that's the problem is that there's not enough money and the money's too expensive

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now because of interest rates.

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And I just found that to be such an absurd statement and maybe a good jumping off point

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for some other discussions.

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But yeah.

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I mean, to pull on that thread, if you want to jump there, like, let's, let's jump anywhere.

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Let's um, I mean, have you ever seen the argument that Alan Watts makes about like money and

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inches?

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Yes.

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Yes.

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Yeah.

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You know, it was like, okay, you know, having not enough money is kind of like, you know,

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running out of inches.

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It's like, you don't, you don't just run out of inches, you know, like you just keep building.

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It's not like something happens all of a sudden, you know, the animal spirits and like now

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we can't build anything or produce anything or do it all that.

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Like it's, yeah, it's, it's maddening.

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You know, the, the Ray Dalios of the world are interesting characters, man.

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Like someone recommended me principles the other day, which is, you know, I read the

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book when it first came out, it was interesting.

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Um, but like, I've not, I just can't take these people seriously anymore, whether it's

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Dalio, whether it's the Talibs of the world and stuff like that, it's just like mind-bogglingly,

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like insane when they, when they blurt out shit like that.

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It's like guys who, who almost are there and are obviously, let's say very intelligent

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in their own right, have impressive careers behind them in one realm or another.

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But there's a piece of the puzzle that's very obviously missing.

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It's a blind spot, you might say.

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And I think Dalio has at least been a bit more favorable towards Bitcoin than let's say,

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you know, Naseem, but still one would think if he really got it, he would be at the climate

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conference saying things like, you know, okay, if we want to quote, save the planet, let's

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we'll talk in their terms, if we want to fight the climate crisis and do so profitably.

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Well literally the only way you're going to do that and make these projects that you're

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proposing be in any way profitable is by incorporating Bitcoin mining.

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Like that's, that's the only way you're doing it.

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It's not happening otherwise.

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Because that wasn't his, his larger point was about profitability.

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So basically saying that because the cost of capital is so high right now, you know,

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they're borrowing it six, seven, eight percent or more.

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Okay, nobody's going to finance these projects.

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And he's saying it's going to be five to $10 trillion a year that's required to finance

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it and the global GDP is, you know, a hundred trillion or whatever.

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And basically he's saying there's just, there's just not enough money and the money that's

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out there isn't going to fund these projects because they're not going to be profitable.

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So he's right about part of it in that the money that's, you know, a smart money is not

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going to fund losing projects.

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The only way they're getting funded is with government subsidies and printing money.

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But to say that there's not enough money out there, the world doesn't have enough money

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is just, it's such an absurd premise to operate from.

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Yeah.

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When, when he, when he released principles, I actually wrote a, an essay that was like

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a kind of like brain loves open letter to him, but just not, not as long.

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And it kind of broke down some of this stuff, right?

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And Daly reminds me of a guy like, you know, if you're watching a movie and you see sort

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of like the main character, and I'm going to like make an analogy is not accurate, but

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it's like the main character is like opening these doors and like, you know, there's one

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door and you know that like the exit is that door.

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And he's just like continually opening every single fucking door other than like the one

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that is like, and you're kind of like watching and you're like, dude, it's like, yeah, like

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it's, it's the middle fucking door.

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Just open that one and he keeps opening every single other one and he's like, yep, there's

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no solution.

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The price of money is too much.

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We can't finance the debt, blah, blah, blah.

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So, you know, the, the, the entire argument actually of my essay that I wrote back then

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knows a couple of years ago now was Daly is always talking about paradigm shifts and he

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is entrenched in the current paradigm and cannot interpret the world through something

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as paradigmatically different as Bitcoin because that's, that's people's biggest, biggest hurdle,

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I think when it comes to Bitcoin.

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And you know, there's another essay that I want to publish over the next couple of months

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when I get a chance to finish writing it is called the incompatible worlds theory.

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And the premise of that, as you can probably tell by the title is that, you know, Bitcoin

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in the current world are just incompatible.

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So like you can imagine Bitcoin as this other realm and I like you, you, you pastoral portal

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and your somewhere else.

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And in this other realm, you know, there's a, you know, gravity goes the other way, time

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goes the other way, like all this sort of stuff.

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In fact, we should probably say like gravity goes the right way, time goes the right way,

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etc.

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Like these things function a particular way there.

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And just the, the, the principles that underlie how everything functions in that world just

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don't exist in the current world that we're in, in the current world that we're in, you

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know, we like the money works as accounts and messages that like, you know, get sent

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amongst, you know, whoever is running these centralized ledges.

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And you know, they agree on the balances on these ledges in the Bitcoin.

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Well, money is not accounts based.

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It's, you know, it's UTXO sets and it's digital signatures that imply ownership.

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Like it's a completely different paradigm.

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And you know, in this paradigm, money is something that is created and issued by governments

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over there.

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Money is a fixed constant that is divisible and that is issued programmatically.

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Like everything is paradigmatically different.

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And this is, this is where I, you know, try and, I mean, I'm, you know, been called a

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Bitcoin boomer because I believe Bitcoin is going to take a lot longer to reach mass

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adoption than people think.

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I think it's genuinely going to take, you know, between 50 to 100 years.

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I don't believe in any of this short term Bitcoin's going to take over everything.

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And I say that because Bitcoin is so, so much of a shift, so much of a change, it's

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not a technological shift.

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It's not a just purely economic shift.

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It's not a social shift.

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It's like, it's all of these things in one, right?

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It's a socio economic, political, philosophical, technological paradigm shift.

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It's all of these things.

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So, so you can't, you can't project an iPhone adoption curve on it.

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You can't project an internet adoption curve on it.

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You can't project an e-commerce adoption curve on it or an AI adoption curve or whatever

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any other fucking adoption curve you can think of.

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This is, this encompasses everything, which means it's going to take multiple generations

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to embed itself and for the culture to fundamentally transform.

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And you know, human beings biggest weak spot is in understanding a paradigm that they're

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not currently in.

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And that is infinitely harder when you are someone who has profited so much from the

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current paradigm.

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And I think that's, and that's not to say profiting is bad, right?

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But it's like, I mean that in the, in the, in the literal sense of the term, he has,

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you know, he has profited his life, his, you know, his money, his brand, his message,

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his persona, his legacy and everything like that is well entrenched in the current paradigm

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to, to, to disparage 65 years of work, however old he is for this new paradigm will require

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that he burns down a lot of that identity.

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And you know, one can argue it's not going to happen maybe until, you know, he's on his

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last couple of legs and then he's fine with just saying, oh, fuck it, I'll just say the

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truth.

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So, so anyway, that's what I think we're contending with here.

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No, I think that's a, it's an excellent point because it's, it's so hard.

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And this is something Jeff Booth has talked about a lot that the big blind spot for a

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lot of these people is just that again, they're, they're trying to, if we go back to the measuring

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stick analogy, you know, they're, they're trying to, they're trying to measure the

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new system using a completely different yardstick, one that is based on this really kind of fake

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and immaterial and completely contrived system of money that truly only works for a select

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few people and is just opaque in terms of its operation.

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And it's this ridiculous system.

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It's almost comically absurd because if you were trying to devise, okay, what's the, what's

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the best way I could think of to absolutely fuck over the majority of the population in

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perpetuity?

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You would probably come up with something that looks like fiat money.

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You would probably come up with something that if you were in that upper echelon that

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you would accomplish something that basically closely resembles fiat.

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Okay.

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Allow me to keep inflating my own wealth while decreasing the purchasing power of those

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below me so that we keep getting farther and farther apart.

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And I always have scapegoats to blame the negative effects of this on.

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So it's, it's, I mean, it's a beautifully designed system.

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If you're one of the people who enjoys the benefits of stealing the time and energy of

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others, but it's a terrible system.

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If you're the majority of people who want to be able to lift themselves up through the,

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you know, through their hard work and their intelligence and their creativity.

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So let me, let me give a interesting contrarian viewpoint.

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Okay.

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Okay.

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Which I must do.

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It's, I agree with principle.

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I think what's different, where my, where my viewpoint will deviate slightly is that

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I don't think it's traditionally the people that were on top that devised fiat.

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I believe it was the, so if you look at feudal civilization, feudal society, you had sort

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of the monarchs, the kings and queens, you know, you had the aristocracy, you had the,

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you know, the artisans, you had the peasants and more often than not, and this was probably

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more, more so in Japanese culture, but it was also in Western culture was, you had the

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merchants were generally below the, the peasants.

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Now there was a differentiation also between merchants and traders or the money changes.

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And it was usually, you know, the money changer kind that was the, that rung, they were despised

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by people.

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Um, the, you know, the ones who didn't produce anything, you know, merchants sound ways to

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elevate themselves.

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So like, you know, the Medici and everything like that, they were aristocratic, but they

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were merchant aristocratic.

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Um, whereas the money changers who didn't produce anything, they were the ones who sought to

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find ways to produce something out of nothing like ex-nee hello, right?

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And so, so not, not create something, not sell something, but just like in the exchange

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do something.

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Um, now what I believe has happened in the fiat world is we had the rise of the trader

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archetype, um, who in their spite of all that was greater and more beautiful than them,

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uh, figured out a way.

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And I don't mean this as it was all entirely intentional, but there was obviously some sort

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of intent here and like, uh, elevating themselves at the expense of everybody else.

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Because once again, in a, in a trader scenario, you are making some sort of arbitrage without

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actually adding any value, right?

251
00:17:12,280 --> 00:17:14,560
Um, that's not always the case.

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Obviously speculators suck things up, et cetera, et cetera.

253
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And I'm sure there's going to be some fucking free market argument here.

254
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I get it.

255
00:17:20,320 --> 00:17:21,320
I'm not that fucking stupid.

256
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I've been there.

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00:17:22,320 --> 00:17:26,680
Um, but what, what I'm trying to explain is the, the archetype here is this kind of

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person who is the, you know, the, the modern day Rothschild, for example, uh, devised a

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way to win at the game by cheating.

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And that's essentially what fiat money is.

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00:17:40,480 --> 00:17:45,880
Fiat money is a mechanism of not winning because you are aristocratic, not winning because

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you're the best, not winning because you are better, winning because you cheat, right?

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00:17:53,400 --> 00:17:59,280
So it is the boxer that gets in the ring and ensures that his opponent's water has

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been, you know, spiked with some sort of drug or, you know, is his opponent has sand in

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his face or something like that.

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He wins not because he was a better fighter, but he wins because he cheated.

267
00:18:12,080 --> 00:18:17,000
And that is like the big thing that people need to understand with what Bitcoin does.

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Bitcoin is not going to elevate the masses.

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Bitcoin is going to elevate the best of us.

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And that means it's not going to be some sort of equalization where it's all fucking kumbaya

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and happy and all this sort of stuff.

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It's I think going to bring back more aristocracy than it is helping the plebeians or the, or

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00:18:37,240 --> 00:18:42,960
the, well, the so-called, you know, peasant class because what it takes for somebody

274
00:18:42,960 --> 00:18:51,280
to raise themselves up is a desire for greatness, a, you know, a desire for excellence, the,

275
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you know, the ability to take on responsibility, courage, honor, respect, loyalty, like all

276
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of these virtues, which in terms of the mass population are actually quite rare.

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It's very rare to have people who don't all of those.

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That's why the warrior class, for example, in all great cultures was a small percentage

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of the entire social structure.

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It was always the case.

281
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Like so the cream rises to the top.

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And we, we, I think in the Bitcoin space, we get lost with, you know, all of our various

283
00:19:24,880 --> 00:19:29,240
and numerous kind of like ideas is that, you know, we think it's all like, I saw a tweet

284
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the other day.

285
00:19:30,240 --> 00:19:35,960
It's like, oh, you know, the, the spider like is smaller than the lion, but a bunch of spiders

286
00:19:35,960 --> 00:19:38,480
together can, you know, kill a lion or something like that.

287
00:19:38,480 --> 00:19:43,480
And I was like, that's such a pathetic thing to say because like the lion is this beautiful

288
00:19:43,480 --> 00:19:44,480
majestic creature.

289
00:19:44,480 --> 00:19:47,040
And it's like, you literally made an argument for the bugs.

290
00:19:47,040 --> 00:19:49,600
Like you literally made an argument for communism.

291
00:19:49,600 --> 00:19:51,800
Like, it's a disgusting thing.

292
00:19:51,800 --> 00:19:54,280
It's like, okay, the bugs fucking brought down this majestic creature.

293
00:19:54,280 --> 00:19:56,120
No, it's fucking, that's, that's disgusting.

294
00:19:56,120 --> 00:19:57,880
That is literally what that is.

295
00:19:57,880 --> 00:19:59,680
That is the energy of communism.

296
00:19:59,680 --> 00:20:01,520
That is what communism tried to do.

297
00:20:01,520 --> 00:20:06,160
It told all of the peasants and all of the people who didn't work for it, hey, it is

298
00:20:06,160 --> 00:20:11,080
your right, your entitlement to claim that which is not yours.

299
00:20:11,080 --> 00:20:16,800
And communism, like I got asked a month ago, and I've refined my thinking on this.

300
00:20:16,800 --> 00:20:18,640
The opposite to communism is not capitalism.

301
00:20:18,640 --> 00:20:20,240
I disavowed this claim.

302
00:20:20,240 --> 00:20:24,800
I said that in the Uncommunist Manifesto, I believe the opposite to communism is beauty.

303
00:20:24,800 --> 00:20:29,120
Fundamentally, beauty, beauty is the highest of all things.

304
00:20:29,120 --> 00:20:36,000
Beauty is God, beauty is nature, beauty is that which is fit, which, that which fits,

305
00:20:36,000 --> 00:20:37,360
that which is perfect, et cetera.

306
00:20:37,360 --> 00:20:39,760
It is, it is the thing that we're always aiming at.

307
00:20:39,760 --> 00:20:42,280
That is the thing that life reaches for.

308
00:20:42,280 --> 00:20:47,560
And when you look at these ideals, like communism, like majoritarianism of any kind, equalitarianism

309
00:20:47,560 --> 00:20:53,840
of any kind, they all seek to destroy beauty, to bring down to their level.

310
00:20:53,840 --> 00:21:03,440
And what you have with Seat Money is an engine that basically steals from the blind, and

311
00:21:03,440 --> 00:21:08,840
the blind are too stupid to understand who, you know, who, who's stealing from them.

312
00:21:08,840 --> 00:21:15,800
And then it creates an opportunity to blame the actual productive class, the aristocratic

313
00:21:15,800 --> 00:21:19,680
class, the functional class, you know, who I would have called in the past the remnant,

314
00:21:19,680 --> 00:21:20,680
right?

315
00:21:20,680 --> 00:21:23,200
That group of people, and it's their fault.

316
00:21:23,200 --> 00:21:24,200
They're the ones who should be blamed.

317
00:21:24,200 --> 00:21:29,400
Like I saw a, you know, a thread yesterday, I opened up my fucking Instagram for some

318
00:21:29,400 --> 00:21:32,840
strange reason, and, you know, there was a thread in there, and it was this lady saying,

319
00:21:32,840 --> 00:21:39,120
you know, I'm not saying we should bring out the pitchforks just yet, but Jeff Bezos is,

320
00:21:39,120 --> 00:21:44,720
you know, building clocks in the whatever, you know, and here we are, you know, not enough

321
00:21:44,720 --> 00:21:45,720
food.

322
00:21:45,720 --> 00:21:52,720
It's like, it's literally like she's being stolen from by the parasitic class.

323
00:21:52,720 --> 00:21:54,920
And she's blaming the productive class.

324
00:21:54,920 --> 00:21:57,200
It's the same fucking game.

325
00:21:57,200 --> 00:22:01,360
And this is what I mean when I said at the outset, it's the traitor archetype trying

326
00:22:01,360 --> 00:22:06,040
to bring down the greatness, the excellence archetype, trying to bring down the musks

327
00:22:06,040 --> 00:22:08,440
and the Bezos and all that out of the world.

328
00:22:08,440 --> 00:22:09,920
So I'll shut up there for a moment.

329
00:22:09,920 --> 00:22:12,520
I think that nuance is very important.

330
00:22:12,520 --> 00:22:19,560
It's not about, yeah, it's not about saving the masses because the masses are too hard

331
00:22:19,560 --> 00:22:21,200
to fucking save.

332
00:22:21,200 --> 00:22:27,160
It is about building a better fucking game so that the best can get better.

333
00:22:27,160 --> 00:22:33,000
And then they naturally fucking raise the tide and it gets better for all the fucking

334
00:22:33,000 --> 00:22:35,320
dumbasses who don't know how to make it better anyway.

335
00:22:35,320 --> 00:22:39,680
No, I appreciate the clarification because I should have been more precise with my language

336
00:22:39,680 --> 00:22:47,920
because I will agree with you that it's not like the simple act of changing the rules

337
00:22:47,920 --> 00:22:54,360
automatically gives everyone the ability to raise themselves up.

338
00:22:54,360 --> 00:23:01,280
What it does do is create a rule with or excuse me, a game with fair rules with rules that

339
00:23:01,280 --> 00:23:06,200
are known by all participants should they choose to learn them, but they are at least

340
00:23:06,200 --> 00:23:07,200
knowable.

341
00:23:07,200 --> 00:23:08,880
The rules are knowable.

342
00:23:08,880 --> 00:23:15,800
And for those that have the desire and the vitality, the energy to pull themselves up

343
00:23:15,800 --> 00:23:23,680
to rise to the top, it enables that to happen in greater numbers and more rapidly than it

344
00:23:23,680 --> 00:23:26,400
does in a system that is predicated on theft.

345
00:23:26,400 --> 00:23:30,640
So I agree with the clarification there and I saw that fucking thread.

346
00:23:30,640 --> 00:23:35,400
I think somebody posted a screenshot on Twitter and yeah, he, uh, Bezos built like a large

347
00:23:35,400 --> 00:23:39,920
like clock in a mountain somewhere and that she was really pissed about it.

348
00:23:39,920 --> 00:23:43,960
And but it's just, it's absurd because you complain about, you know, Bezos spending

349
00:23:43,960 --> 00:23:49,240
whatever $40 million of his own money for providing you, by the way, he earned that

350
00:23:49,240 --> 00:23:54,160
by providing Amazon, which guarantee you use to, you know, you use to order the laptop

351
00:23:54,160 --> 00:23:56,520
that you're, you know, tweeting off of you.

352
00:23:56,520 --> 00:23:57,520
Yeah.

353
00:23:57,520 --> 00:23:59,280
You use to order half the fucking things in your house.

354
00:23:59,280 --> 00:24:06,120
He created an insanely valuable business and genuinely useful business that brings us a

355
00:24:06,120 --> 00:24:10,200
level of convenience we couldn't even have dreamed about before.

356
00:24:10,200 --> 00:24:16,480
And you're mad at him spending however many million to create something that he finds

357
00:24:16,480 --> 00:24:18,000
beautiful and likely others do too.

358
00:24:18,000 --> 00:24:19,000
I haven't seen it.

359
00:24:19,000 --> 00:24:20,000
I'll have to look up at the pictures.

360
00:24:20,000 --> 00:24:22,680
I'm sure it's, it's probably pretty fucking cool.

361
00:24:22,680 --> 00:24:23,680
Yeah.

362
00:24:23,680 --> 00:24:28,840
But you're mad at him, the productive person, massively productive.

363
00:24:28,840 --> 00:24:34,800
Instead of being mad at the fucking governments shoveling hundreds of billions of dollars overseas

364
00:24:34,800 --> 00:24:40,160
through various, you know, shell NGOs and then right back to the military industrial complex,

365
00:24:40,160 --> 00:24:44,840
meanwhile, they're still, you know, stealing from you every fucking year more and more

366
00:24:44,840 --> 00:24:47,040
by devaluing your money.

367
00:24:47,040 --> 00:24:52,280
But no, no, no, you're mad at the guy who has actually made your life better in a decade

368
00:24:52,280 --> 00:24:55,480
than the government has in a hundred, 200 years.

369
00:24:55,480 --> 00:24:57,760
Like it's just, it's absurd.

370
00:24:57,760 --> 00:25:05,320
And it's, it's a lack of any sort of like grounding in reality, I think, where you truly

371
00:25:05,320 --> 00:25:07,000
do not have the ability.

372
00:25:07,000 --> 00:25:10,120
And I feel sad for people like this, but you know what?

373
00:25:10,120 --> 00:25:15,200
It's, it's somewhat, well, I believe in personal responsibility.

374
00:25:15,200 --> 00:25:19,160
So I think if you are too fucking lazy to go out and find the answer for yourself and

375
00:25:19,160 --> 00:25:21,800
to dig a little bit deeper, that's on you.

376
00:25:21,800 --> 00:25:27,520
Granted, it's, it's difficult today because we are so inundated with information.

377
00:25:27,520 --> 00:25:32,200
There is so much fucking noise out there that it's difficult for most people to sift through

378
00:25:32,200 --> 00:25:40,120
that, but to just be a person who operates with all of their quote, thoughts and opinions,

379
00:25:40,120 --> 00:25:43,160
simply being party slogans, because that's all they are.

380
00:25:43,160 --> 00:25:47,240
You're not saying anything that hasn't been already given to you, fed to you on a silver

381
00:25:47,240 --> 00:25:49,320
platter by the party.

382
00:25:49,320 --> 00:25:52,240
And I use the party in a generalist sense.

383
00:25:52,240 --> 00:25:57,580
And it's just, it's sad to see that kind of person is never going to lift themselves

384
00:25:57,580 --> 00:26:00,080
up no matter what the rules of the game are.

385
00:26:00,080 --> 00:26:06,440
In fact, they may not like the system that is to come because it is more radically transparent.

386
00:26:06,440 --> 00:26:08,600
And it is more merit based.

387
00:26:08,600 --> 00:26:12,600
And you can't just complain your way to relevance and have somebody give you a fucking cookie

388
00:26:12,600 --> 00:26:13,600
and an award.

389
00:26:13,600 --> 00:26:15,080
It doesn't work that way.

390
00:26:15,080 --> 00:26:16,080
Yeah.

391
00:26:16,080 --> 00:26:21,120
This, this honestly, what you just said there is the micro state for next year is, and it's

392
00:26:21,120 --> 00:26:25,760
like there's a, there's a whole section dedicated to it in the Bushido of Bitcoin is my crusade

393
00:26:25,760 --> 00:26:33,040
to sort of make it clear that, you know, in Bitcoin is going to do more damage quote

394
00:26:33,040 --> 00:26:38,360
unquote, to, to, you know, people's psyche and all that sort of stuff in the, in the

395
00:26:38,360 --> 00:26:44,200
short to medium term, then it is, you know, then what people think, like the people think

396
00:26:44,200 --> 00:26:45,880
it's just going to magically fucking fix everything.

397
00:26:45,880 --> 00:26:49,960
I don't know, it's, there's going to be exacerbated inequalities.

398
00:26:49,960 --> 00:26:54,800
There's going to be all of this, like the, you know, and I, this, I believe it's in the

399
00:26:54,800 --> 00:26:57,640
five Bitcoin teleportation when I talk about the interregnum, right?

400
00:26:57,640 --> 00:27:03,680
Like sort of before Bitcoin, after Bitcoin and sort of that, you know, the, the, the

401
00:27:03,680 --> 00:27:11,800
time when those two periods clash is going to be where neither rulebook fits.

402
00:27:11,800 --> 00:27:16,280
And like you've got, it's going to be chaos for the next couple generations.

403
00:27:16,280 --> 00:27:21,160
But if we can kind of cold turkey our way through it, and I mean, the analogy is so perfect.

404
00:27:21,160 --> 00:27:24,040
It's, you know, you get somebody who's a heroin junkie.

405
00:27:24,040 --> 00:27:28,080
I mean, getting off the fucking heroin is hell.

406
00:27:28,080 --> 00:27:33,200
And but that they, like if they relapse, they're just going to remain a heroin junkie.

407
00:27:33,200 --> 00:27:37,240
So you actually have to go through hell and come out the other end.

408
00:27:37,240 --> 00:27:40,800
And that, that is like exactly what civilization has to go through.

409
00:27:40,800 --> 00:27:42,400
And we're seeing the early signs of this shit, man.

410
00:27:42,400 --> 00:27:46,560
I mean, like, you know, Millet is obviously an incredible example of, you know, that kind

411
00:27:46,560 --> 00:27:48,080
of energy sprouting up.

412
00:27:48,080 --> 00:27:49,680
And you're seeing it in Amsterdam.

413
00:27:49,680 --> 00:27:56,360
I mean, you know, if McGregor is taking seriously the, you know, the, the, the takeover of fucking

414
00:27:56,360 --> 00:27:58,800
Ireland, making King fuck.

415
00:27:58,800 --> 00:27:59,800
Yes.

416
00:27:59,800 --> 00:28:04,120
Like, you know, Musk is doing his job with, with Twitter.

417
00:28:04,120 --> 00:28:10,520
It's like, there's, you know, there's, there's a palpable shift in the energy that is, that

418
00:28:10,520 --> 00:28:12,080
is coming out of this stuff.

419
00:28:12,080 --> 00:28:18,600
And, and anyway, it's, it's like, it's very interesting timeline to be a part of.

420
00:28:18,600 --> 00:28:23,440
But you know, one thing we can't sort of take for granted is that it's, it's going to be

421
00:28:23,440 --> 00:28:24,440
messy.

422
00:28:24,440 --> 00:28:36,320
And the, the parasites capacity to inflame and infuriate the masses is where the greatest

423
00:28:36,320 --> 00:28:38,040
danger is going to come from.

424
00:28:38,040 --> 00:28:41,560
Because a couple parasites, you know, like, you know, Rothschild with his little fucking

425
00:28:41,560 --> 00:28:46,280
golden cane isn't going to, you know, come and pick up a gun and shoot us.

426
00:28:46,280 --> 00:28:47,280
Right.

427
00:28:47,280 --> 00:28:51,800
And then, you know, like the fucking hordes of Luddites, they're the ones who are going

428
00:28:51,800 --> 00:28:57,400
to blame the Bitcoiners for the rain and the sunshine and the fact that they can't drive

429
00:28:57,400 --> 00:28:58,400
cars anymore.

430
00:28:58,400 --> 00:29:00,600
And you know, gasoline is too expensive and everything like that.

431
00:29:00,600 --> 00:29:02,080
Like I can't fucking eat.

432
00:29:02,080 --> 00:29:03,320
It's the Bitcoin's fault.

433
00:29:03,320 --> 00:29:05,600
It's your fucking fault.

434
00:29:05,600 --> 00:29:08,280
And that's what we've got to prep ourselves.

435
00:29:08,280 --> 00:29:14,760
And honestly, it's a, I think that's a very real concern that maybe, because you're right,

436
00:29:14,760 --> 00:29:18,080
where things don't just change like that.

437
00:29:18,080 --> 00:29:24,680
We don't just go from the entrenched system to something new and on the road to beautiful

438
00:29:24,680 --> 00:29:26,320
overnight.

439
00:29:26,320 --> 00:29:33,720
It's going to be a long and painful journey, likely with many, many, uh, state, you know,

440
00:29:33,720 --> 00:29:39,760
currency collapses that lead to nation state collapses and a massive shift of power in

441
00:29:39,760 --> 00:29:43,760
an already growing multipolar world.

442
00:29:43,760 --> 00:29:50,120
And I think that it's very easy and very tempting as a Bitcoin or to look and say, ah, yes, one

443
00:29:50,120 --> 00:29:54,120
day everyone's going to wake up and realize we Bitcoiners were right and we're such geniuses

444
00:29:54,120 --> 00:29:57,360
and they're going to pat us in the back for it and give us a good old boy.

445
00:29:57,360 --> 00:30:00,240
And then they'll, you know, everything will be fine and there won't be any hard feelings

446
00:30:00,240 --> 00:30:04,880
and you know, la-dee-da, but it's just not the case.

447
00:30:04,880 --> 00:30:12,280
Humans have a massive propensity for jealousy and that is easy to inflame if you know the

448
00:30:12,280 --> 00:30:16,720
right buttons to push and we see this all the time.

449
00:30:16,720 --> 00:30:24,240
I mean, and that's really what, that's really what Marx and Engels tried to do with the

450
00:30:24,240 --> 00:30:25,240
Communist manifesto.

451
00:30:25,240 --> 00:30:30,000
And I think that's kind of a little bit of a good segue there because I'd love to pick

452
00:30:30,000 --> 00:30:32,840
your brain on it a little for everyone's context.

453
00:30:32,840 --> 00:30:37,920
And maybe, maybe we actually let's, let's pause for a second and because I usually like

454
00:30:37,920 --> 00:30:41,480
to start these things out with, with a question.

455
00:30:41,480 --> 00:30:46,760
And we got right into ripping quickly as we often do, which is fantastic.

456
00:30:46,760 --> 00:30:52,320
But I want to start out just to set the stage for you a little, you know, your bio is that,

457
00:30:52,320 --> 00:30:57,800
you know, your author, speaker, entrepreneur, you're, you're building a Bitcoin centric

458
00:30:57,800 --> 00:30:59,520
AI.

459
00:30:59,520 --> 00:31:05,280
You also, you wrote a book that I think everyone should read after they read the Communist

460
00:31:05,280 --> 00:31:08,000
manifesto and that is the uncommunist manifesto.

461
00:31:08,000 --> 00:31:10,280
You wrote that with Mark Moss.

462
00:31:10,280 --> 00:31:11,280
Fantastic read.

463
00:31:11,280 --> 00:31:13,800
I've read it a few times.

464
00:31:13,800 --> 00:31:18,800
And I'd love to start out though with the question of who is Alex Fedtsky?

465
00:31:18,800 --> 00:31:20,440
How did he get here today?

466
00:31:20,440 --> 00:31:23,800
What brought you, what brought you here where you are now in this world?

467
00:31:23,800 --> 00:31:25,840
Okay, that's a tough question.

468
00:31:25,840 --> 00:31:29,720
I know it is.

469
00:31:29,720 --> 00:31:38,480
I mean, yeah, as you said, I kind of publicly defined myself as some entrepreneur or the

470
00:31:38,480 --> 00:31:39,480
kind of thing.

471
00:31:39,480 --> 00:31:47,680
I think Alex Fedtsky is an ambitious man, someone who thinks that if you're going to

472
00:31:47,680 --> 00:31:55,040
live life, you should build, you should create, you should push the envelope.

473
00:31:55,040 --> 00:31:59,680
And you know, life isn't so much about the number of years you've lived, but the amount

474
00:31:59,680 --> 00:32:09,160
of, the amount of flame that came off you along the process.

475
00:32:09,160 --> 00:32:15,640
So like what I mean by that is, you know, the people like Alexander the Great, who,

476
00:32:15,640 --> 00:32:19,720
you know, Napoleon or Christ, you know, all who lived, I'm sorry, well, Napoleon lived

477
00:32:19,720 --> 00:32:23,080
a little bit longer, but you know, Alexander the Great and Christ, who I think are the

478
00:32:23,080 --> 00:32:28,560
two most powerful characters in the history of humanity, both lived about 33 years.

479
00:32:28,560 --> 00:32:37,360
Like they did more in that period than everybody else combined did in their entire lifetimes

480
00:32:37,360 --> 00:32:39,000
combined.

481
00:32:39,000 --> 00:32:46,040
And I think if you're going to live and you're going to be alive, it is your duty in some

482
00:32:46,040 --> 00:32:49,360
capacity to know we're all not going to be as great as Christ and Alexander.

483
00:32:49,360 --> 00:32:54,320
You know, that's the, that's the bar, you know, that is the, that is the apex.

484
00:32:54,320 --> 00:33:00,840
But it is our duty individually to burn as fucking bright as we can during the time we

485
00:33:00,840 --> 00:33:05,400
have and then to mature along the way and pass that on.

486
00:33:05,400 --> 00:33:10,960
So to bring that back to Louis Fetski is, you know, is a person who's trying to do that

487
00:33:10,960 --> 00:33:18,040
in some capacity, who makes mistakes, who then gets the fuck up, tries again, and will continue

488
00:33:18,040 --> 00:33:20,680
doing that till the day does.

489
00:33:20,680 --> 00:33:21,680
I like that.

490
00:33:21,680 --> 00:33:26,160
See, I like asking that question because everybody takes it differently.

491
00:33:26,160 --> 00:33:28,800
And I think it's a, it's a very telling one.

492
00:33:28,800 --> 00:33:29,800
So I appreciate that answer.

493
00:33:29,800 --> 00:33:34,520
And I think that that's also something that we've lost.

494
00:33:34,520 --> 00:33:35,960
I shouldn't say we've lost.

495
00:33:35,960 --> 00:33:44,320
I mean, we as the collective have lost as a species that desire to strive for greatness.

496
00:33:44,320 --> 00:33:46,600
And that greatness can take many forms, right?

497
00:33:46,600 --> 00:33:49,920
That that greatness, you know, as you said, not everybody's going to be the Alexander the

498
00:33:49,920 --> 00:33:50,920
Great.

499
00:33:50,920 --> 00:33:54,440
Very obviously, no, he is the Alexander the Great.

500
00:33:54,440 --> 00:34:02,000
We can all try to become whatever the version of ourselves is that reaches for that.

501
00:34:02,000 --> 00:34:06,760
And the way I take that is just, you know, and it sounds like some fucking cliched self-help

502
00:34:06,760 --> 00:34:13,360
shit, but like becoming the best version of yourself, the apex of yourself, which I am

503
00:34:13,360 --> 00:34:18,400
also someone who is constantly making mistakes and doing my best to get back up and to learn

504
00:34:18,400 --> 00:34:24,360
from those mistakes and to try and go into my next opportunity to make a mistake or to

505
00:34:24,360 --> 00:34:27,840
succeed with more information than I had the first time.

506
00:34:27,840 --> 00:34:34,720
Because that's the I think actually what's in my head from that is that Buckminster Fuller

507
00:34:34,720 --> 00:34:39,600
short clip that you had in your Bitcoin fire and teleportation where he talks about, you

508
00:34:39,600 --> 00:34:44,960
know, after every experiment, you always know more, you can't know less.

509
00:34:44,960 --> 00:34:49,200
But what you do with that increased information is really up to you.

510
00:34:49,200 --> 00:34:55,520
And I think so many people would rather shift blame, shift responsibility and shift the

511
00:34:55,520 --> 00:35:00,800
impetus for action onto somebody else rather than themselves, because that's more comfortable,

512
00:35:00,800 --> 00:35:01,800
right?

513
00:35:01,800 --> 00:35:02,800
That's easier.

514
00:35:02,800 --> 00:35:03,960
Let me just stay in my pod.

515
00:35:03,960 --> 00:35:08,920
Let me keep putting, you know, one foot in front of the other, moving in whatever direction

516
00:35:08,920 --> 00:35:10,640
I am, I don't care.

517
00:35:10,640 --> 00:35:12,680
But yeah, that's that.

518
00:35:12,680 --> 00:35:18,040
Now I want to, I wanted to get your background so I didn't forget it and hear who you are.

519
00:35:18,040 --> 00:35:19,040
And I appreciate that.

520
00:35:19,040 --> 00:35:23,600
What I'd like to dive into a little bit, let's get back to communism, because I think that

521
00:35:23,600 --> 00:35:31,680
it is such a, you can see a lot of fucking idiots on social media who really like the

522
00:35:31,680 --> 00:35:36,240
fucking neo Marxists who think that, wow, Karl Marx, what a fucking genius.

523
00:35:36,240 --> 00:35:37,840
This guy was brilliant.

524
00:35:37,840 --> 00:35:39,200
Oh my good.

525
00:35:39,200 --> 00:35:41,160
How did he think of these incredible things?

526
00:35:41,160 --> 00:35:44,080
Yes, he's he's he is my Messiah.

527
00:35:44,080 --> 00:35:46,000
And this guy was a fucking loser.

528
00:35:46,000 --> 00:35:47,680
Like he was literally a bum.

529
00:35:47,680 --> 00:35:52,080
He was literally a fucking loser who mooched off of his bourgeoisie.

530
00:35:52,080 --> 00:35:58,400
If we're using his words, his bourgeoisie, wealthy friend, angles and wrote this fucking,

531
00:35:58,400 --> 00:36:03,240
I've got, I've got it sitting right here on the old desk, the fucking communist manifesto.

532
00:36:03,240 --> 00:36:05,800
Well, it's okay, because I've got it right next to it.

533
00:36:05,800 --> 00:36:08,040
I've got the uncommunist manifesto.

534
00:36:08,040 --> 00:36:12,960
So at least, you know, it's it's it's evening out and then some.

535
00:36:12,960 --> 00:36:18,220
But but I think what what most people know about the communist manifesto, if they know

536
00:36:18,220 --> 00:36:24,280
nothing else, hopefully they at least know that if you in Marx's own words, if you're

537
00:36:24,280 --> 00:36:28,720
going to sum up communism in one phrase, it's the abolition of private property.

538
00:36:28,720 --> 00:36:32,760
He himself says this in the manifesto, that much is clear.

539
00:36:32,760 --> 00:36:36,880
If if you don't know that already, you should definitely read the communist manifesto.

540
00:36:36,880 --> 00:36:39,600
I think I'll do an episode where I read one after another.

541
00:36:39,600 --> 00:36:43,520
So I'll read the communist than the uncommunist, let people form their own conclusions, because

542
00:36:43,520 --> 00:36:47,000
if you have half a fucking brain, that shouldn't be too hard.

543
00:36:47,000 --> 00:36:53,880
But I think what a lot of people miss about the communist manifesto is that it's really

544
00:36:53,880 --> 00:36:57,920
a bit of a blueprint for what we see right now.

545
00:36:57,920 --> 00:37:02,800
And we can even see this in a Western country like the United States, which is supposed

546
00:37:02,800 --> 00:37:05,240
to be, you know, something something better.

547
00:37:05,240 --> 00:37:10,320
But you know, one of the things the the second measure that he puts out there after abolition

548
00:37:10,320 --> 00:37:13,880
of private property is a progressive income tax.

549
00:37:13,880 --> 00:37:15,800
That's the number two thing he puts out there.

550
00:37:15,800 --> 00:37:21,800
Number three, abolition of all rights of inheritance, like those three right there, get rid of private

551
00:37:21,800 --> 00:37:26,480
property, make a progressive income tax to try and quote, even the playing field and

552
00:37:26,480 --> 00:37:32,200
make things more equal, you know, quality and equity, and then get rid of any inheritance

553
00:37:32,200 --> 00:37:37,640
so that there's no incentive for you to to procreate to create a family and to leave

554
00:37:37,640 --> 00:37:43,200
something to leave a legacy for your heirs who can then build upon it.

555
00:37:43,200 --> 00:37:47,520
There's like seven more there, but though we can start with those first three and realize

556
00:37:47,520 --> 00:37:53,840
what we already see that happening to high degrees in quote, Western countries around

557
00:37:53,840 --> 00:37:54,920
the world.

558
00:37:54,920 --> 00:38:00,240
So I'd love to get your thoughts as a starting point on what do you think?

559
00:38:00,240 --> 00:38:03,520
What do you think people miss when it comes to the communist manifesto?

560
00:38:03,520 --> 00:38:08,480
Maybe what brought you and Mark to that point where you decided we need we need to write

561
00:38:08,480 --> 00:38:12,080
a rebuttal to this because people just don't get it.

562
00:38:12,080 --> 00:38:17,480
Yeah, I mean, what brought us to it was just a joke actually six months prior to writing

563
00:38:17,480 --> 00:38:25,360
it was Mark and I were sitting in El Salvador actually just before the Bitcoin legal tender

564
00:38:25,360 --> 00:38:26,760
became that came into effect.

565
00:38:26,760 --> 00:38:29,480
It was in July or something like that.

566
00:38:29,480 --> 00:38:32,280
First trip there and you know, we were just having lunch actually.

567
00:38:32,280 --> 00:38:34,480
And Tiaschi, you're the communist manifesto.

568
00:38:34,480 --> 00:38:37,080
I was like, fuck what I do that.

569
00:38:37,080 --> 00:38:42,280
And he said, it's so bad and I was like, I'm sure it is.

570
00:38:42,280 --> 00:38:44,640
I said, I want to give myself brain cancer.

571
00:38:44,640 --> 00:38:47,200
I think I'll, you know, avoid reading it.

572
00:38:47,200 --> 00:38:51,960
And you know, he kind of just said as a personal comment is like someone should write a rebuttal

573
00:38:51,960 --> 00:38:56,720
to that, you know, like something that, you know, because it's like a really widely read

574
00:38:56,720 --> 00:38:59,160
book and I'm like, maybe we should do it one day.

575
00:38:59,160 --> 00:39:00,760
And we kind of like just left it there.

576
00:39:00,760 --> 00:39:05,720
It wasn't until about six months later that I landed in Texas.

577
00:39:05,720 --> 00:39:13,800
Had some changes in my own personal life with, with work and some, you know, disagreements

578
00:39:13,800 --> 00:39:16,400
I had with regulators, shall we say.

579
00:39:16,400 --> 00:39:21,600
And I was like, Mark, we've got some time on my hands and let's write this fucking thing.

580
00:39:21,600 --> 00:39:25,120
So we locked ourselves in a room and wrote it basically within a week.

581
00:39:25,120 --> 00:39:29,480
And then I sort of spent like a month editing it and just like building up the definitions

582
00:39:29,480 --> 00:39:32,840
and you know, giving it some structure and some flow.

583
00:39:32,840 --> 00:39:41,640
I think I honestly hadn't even read the Communist manifesto until two weeks before we went to

584
00:39:41,640 --> 00:39:42,640
read it.

585
00:39:42,640 --> 00:39:46,120
And I just remember like viscerally, like just getting angry reading the book.

586
00:39:46,120 --> 00:39:47,120
Like I'd read it.

587
00:39:47,120 --> 00:39:52,440
I'm like, fuck is this guy talking about like, and it just like, you know, paragraph after

588
00:39:52,440 --> 00:39:58,520
paragraph was just this like, you could just, you could, you know, these days we mean about

589
00:39:58,520 --> 00:39:59,520
cope, right?

590
00:39:59,520 --> 00:40:03,840
Like this was like the, the, the ultimate cope on the planet.

591
00:40:03,840 --> 00:40:11,040
Like the guy is just like, as he said, loser, cope, angry people, people he doesn't know,

592
00:40:11,040 --> 00:40:16,320
just like fucking braiding their existence because it's just such a pathetic turd.

593
00:40:16,320 --> 00:40:25,200
And you know, he's, he's literal like solutions to how to fix the world are the things that

594
00:40:25,200 --> 00:40:33,040
like, I don't care if you want to put it in a, in a, you know, sort of Bitcoin or strength

595
00:40:33,040 --> 00:40:36,320
economics framework, like destroy time preference, right?

596
00:40:36,320 --> 00:40:42,480
So it's like, if you want to destroy time preference, you penalize anything that involves

597
00:40:42,480 --> 00:40:43,480
a low time preference.

598
00:40:43,480 --> 00:40:44,480
Okay.

599
00:40:44,480 --> 00:40:46,120
So that's what he does with all of his fucking mandate.

600
00:40:46,120 --> 00:40:49,880
If you take it from an angle of like, you know, beauty and ugliness, all right?

601
00:40:49,880 --> 00:40:54,080
Well, he wants to anything that is beautiful, Nietzsche talks about this, you know, Nietzsche's

602
00:40:54,080 --> 00:40:57,600
some of his like, you know, I've gone down the Nietzsche rabbit hole this year, basically,

603
00:40:57,600 --> 00:41:02,240
and I wish I'd gone through it earlier because I think my, the uncommon is manifested would

604
00:41:02,240 --> 00:41:06,840
be even stronger than it was, but irrespective Nietzsche talked about resentment being the

605
00:41:06,840 --> 00:41:09,280
thing that poisoned Western civilization.

606
00:41:09,280 --> 00:41:18,000
And that as the, the underlying, the underlying cancer and resentment stems from Andy, essentially.

607
00:41:18,000 --> 00:41:22,040
And you know, you just sense that in there.

608
00:41:22,040 --> 00:41:26,320
And so the reason I was mentioning Nietzsche, he, he talks about when we think of beauty,

609
00:41:26,320 --> 00:41:31,800
beauty is the thing that requires the most sacrifice, because like beauty and human beings

610
00:41:31,800 --> 00:41:33,480
requires breeding.

611
00:41:33,480 --> 00:41:35,920
No one wants to talk about this shit because they call you Genesis straight away.

612
00:41:35,920 --> 00:41:40,160
But like, if you want to create beautiful kids, you need to be fucking selective about

613
00:41:40,160 --> 00:41:41,680
who you breed with.

614
00:41:41,680 --> 00:41:43,880
We do it with fucking animals.

615
00:41:43,880 --> 00:41:45,000
Humans are the same thing.

616
00:41:45,000 --> 00:41:46,000
That's like, it's what we do.

617
00:41:46,000 --> 00:41:50,000
You want to pass on, you know, the best that you can from a genetic standpoint and you

618
00:41:50,000 --> 00:41:55,480
want to, you know, continue that beauty is something that takes fucking time.

619
00:41:55,480 --> 00:41:58,560
You want to build a cathedral that's going to take 300 years.

620
00:41:58,560 --> 00:42:02,760
You need to build something that's going to, that you are not going to see for yourself.

621
00:42:02,760 --> 00:42:10,560
Like the Medici family did what they did in Milan, sorry, not Milan in Florence.

622
00:42:10,560 --> 00:42:14,480
They, they, they did something that took time.

623
00:42:14,480 --> 00:42:19,360
So, so like, whether you see it through a beauty standpoint, Austrian economics, whatever,

624
00:42:19,360 --> 00:42:25,240
like any of these competing philosophies or models of the world, what you see bleeding

625
00:42:25,240 --> 00:42:35,720
through Marx's writing is straight up cope, envy, seething, resentment, ugliness, and

626
00:42:35,720 --> 00:42:40,320
an attempt to bring everything that is better than he is, that is more beautiful than he

627
00:42:40,320 --> 00:42:45,520
is, that is more righteous, more structural, more functional, more productive than he is,

628
00:42:45,520 --> 00:42:46,680
bring it all fucking down.

629
00:42:46,680 --> 00:42:52,120
And like, you know, I've got some, you know, radical takes, particularly on taxation, right?

630
00:42:52,120 --> 00:42:57,320
Like, I've become a little bit more of a statist, I must admit, so it's all my libertarian

631
00:42:57,320 --> 00:42:58,320
friends.

632
00:42:58,320 --> 00:43:03,560
Like I have come to believe that, you know, people like Bukele and everything like that,

633
00:43:03,560 --> 00:43:09,560
the flavor of statist that you want, because all territories require leadership.

634
00:43:09,560 --> 00:43:13,960
So I don't believe in statism through the paradigm of like, for example, democracy and

635
00:43:13,960 --> 00:43:21,160
all that garbage, but I believe in like the philosopher king version of territorial management,

636
00:43:21,160 --> 00:43:25,280
which Bukele is a great example, Millet might be an even greater example, etc.

637
00:43:25,280 --> 00:43:32,520
But, you know, if within a territory, you are going to have some sort of membership,

638
00:43:32,520 --> 00:43:38,680
so like, I will say here that my 10 year plan is to take over Macedonia and run it as like

639
00:43:38,680 --> 00:43:43,080
as a country as a service, okay, you'll have a membership, you know, all this residency,

640
00:43:43,080 --> 00:43:46,440
citizenship, bullshit out the fucking window, you just pay a membership and you'll get

641
00:43:46,440 --> 00:43:50,800
this prescribed set of services for the ability to live there.

642
00:43:50,800 --> 00:43:56,600
But if we just talk about, you know, having access to a territory, and if we want to call

643
00:43:56,600 --> 00:44:03,760
that membership taxation, well, it would make sense to have a higher tax bracket for the

644
00:44:03,760 --> 00:44:09,720
lower earners and a lower tax bracket for the higher earners, because that will incentivize

645
00:44:09,720 --> 00:44:11,640
people to earn more.

646
00:44:11,640 --> 00:44:15,640
To get what you incentivize, you get less of what you penalize.

647
00:44:15,640 --> 00:44:22,720
So just that second one, you know, is a way to turn everybody into a non producer, right?

648
00:44:22,720 --> 00:44:26,640
So this is one of those cancers that gets into a civilization.

649
00:44:26,640 --> 00:44:28,480
And this is honestly a hard one for people to cop.

650
00:44:28,480 --> 00:44:32,520
They're like, oh, you know, how can you tax people earn less more?

651
00:44:32,520 --> 00:44:39,200
It's like, well, you know, the only answer, as I said before is like, you get what you

652
00:44:39,200 --> 00:44:43,040
incentivize and you get less of what you disincentivize.

653
00:44:43,040 --> 00:44:48,000
If you want a rich culture, you should penalize foreigners.

654
00:44:48,000 --> 00:44:51,960
And it's like, I know that sounds brutal, but it's the way it is.

655
00:44:51,960 --> 00:44:59,040
And then likewise with inheritance, like, you know, the thing Marx hated more than anything

656
00:44:59,040 --> 00:45:09,040
else was these lineages that extended back through time where wisdom, genetics, wealth,

657
00:45:09,040 --> 00:45:16,400
territory, property, familial ties, all of this sort of stuff went back.

658
00:45:16,400 --> 00:45:21,720
That was like, you know, people had roots, you know, these days in modern civilization,

659
00:45:21,720 --> 00:45:22,720
we don't have any fucking roots.

660
00:45:22,720 --> 00:45:25,040
Like, you know, I'm a perfect example of this.

661
00:45:25,040 --> 00:45:31,840
I don't fucking have any roots back to like my, I don't know who my ancestors were.

662
00:45:31,840 --> 00:45:36,360
You know, at some stage, one of the things I'd like to do is go back and trace that.

663
00:45:36,360 --> 00:45:40,240
But you know, that all got lost because, you know, World War One, World War Two, you know,

664
00:45:40,240 --> 00:45:46,840
a bunch of shit got blown up and we've been convinced over the last, you know, century

665
00:45:46,840 --> 00:45:49,960
or so that our lineages don't matter.

666
00:45:49,960 --> 00:45:55,280
It took a while for that to sort of embed itself, you know, really post World War Two

667
00:45:55,280 --> 00:45:59,960
and the boomers who just didn't give a fuck about anything that came before them.

668
00:45:59,960 --> 00:46:03,800
They sort of embedded this ideology of like, oh yeah, the past doesn't matter.

669
00:46:03,800 --> 00:46:05,960
You know, ancestry doesn't matter and all this sort of stuff.

670
00:46:05,960 --> 00:46:08,960
And what we are is we're a rootless culture.

671
00:46:08,960 --> 00:46:14,080
Like, you know, what happens to a tree that doesn't have roots, it fucking dies.

672
00:46:14,080 --> 00:46:18,120
Like take a tree and plant it in a pot and see how big that tree grows.

673
00:46:18,120 --> 00:46:19,120
It doesn't grow very big.

674
00:46:19,120 --> 00:46:25,600
You know, the trees, the size of the tree is proportionate to, you know, the depth through

675
00:46:25,600 --> 00:46:27,240
which its roots can get to.

676
00:46:27,240 --> 00:46:31,160
So if you want to kill a culture, if you want to kill a civilization, start to kill off

677
00:46:31,160 --> 00:46:32,160
the roots.

678
00:46:32,160 --> 00:46:38,880
And if you look into each of these Marxist prescriptions, what you find is an attempt

679
00:46:38,880 --> 00:46:44,400
to kill off either productivity, kill off beauty, destroy roots, destroy time preference,

680
00:46:44,400 --> 00:46:45,800
all of these sorts of things.

681
00:46:45,800 --> 00:46:48,200
That's exactly what these prescriptions are.

682
00:46:48,200 --> 00:46:57,520
And the result is fucking Chinese gluing their hands to the fucking floor to stop cars

683
00:46:57,520 --> 00:46:59,120
in the middle of the highway.

684
00:46:59,120 --> 00:47:01,800
Congratulations, we've got progress.

685
00:47:01,800 --> 00:47:06,680
If you want to keep your Bitcoin safe from the communists and the totalitarians of this

686
00:47:06,680 --> 00:47:12,240
world, you need to take it off an exchange and into your own custody.

687
00:47:12,240 --> 00:47:14,200
Go to bitbox.swiss.

688
00:47:14,200 --> 00:47:20,600
Slash Walker and use the promo code Walker for 5% off the Bitcoin only Bitbox 02 hardware

689
00:47:20,600 --> 00:47:21,600
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690
00:47:21,600 --> 00:47:23,040
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691
00:47:23,040 --> 00:47:25,320
You can go to their GitHub and verify for yourself.

692
00:47:25,320 --> 00:47:26,720
You don't have to trust me.

693
00:47:26,720 --> 00:47:28,520
It's also super easy to set up.

694
00:47:28,520 --> 00:47:34,920
And it's a great tool for seasoned psychopaths and new bit coiners like when you go to bitbox.swiss

695
00:47:34,920 --> 00:47:37,800
slash Walker and use the promo code Walker.

696
00:47:37,800 --> 00:47:43,720
Not only do you get 5% off, but you also help support another fucking Bitcoin podcast.

697
00:47:43,720 --> 00:47:44,720
So thank you.

698
00:47:44,720 --> 00:47:48,120
Now, I mean, it is there's a couple points I want to touch on there.

699
00:47:48,120 --> 00:47:52,480
One is just with regard to the destruction of roots and sort of the the quote end of

700
00:47:52,480 --> 00:47:53,480
history.

701
00:47:53,480 --> 00:47:58,280
I, you know, Orwell does such a great job of this in 1984.

702
00:47:58,280 --> 00:48:01,080
They just they just keep erasing history.

703
00:48:01,080 --> 00:48:02,360
Because nobody knows the roots.

704
00:48:02,360 --> 00:48:03,360
Nobody knows their past.

705
00:48:03,360 --> 00:48:08,520
Nobody knows the history of their state of their territory, which makes it very, very

706
00:48:08,520 --> 00:48:14,720
convenient for the party, for the state to invent whatever sort of fabricated history

707
00:48:14,720 --> 00:48:19,560
is most convenient for them at the time and to constantly change that history to fit whatever

708
00:48:19,560 --> 00:48:24,000
narrative they're trying to push in the present because the past doesn't exist except the

709
00:48:24,000 --> 00:48:25,840
state's version of the past.

710
00:48:25,840 --> 00:48:35,120
And then you have the one of the huge absurdities to me of communism and of Marx's he preaches

711
00:48:35,120 --> 00:48:40,200
this idea of we need to, you know, it's a it's an unequal society, right?

712
00:48:40,200 --> 00:48:44,640
It's unequal because there's that it's basically what we, you know, today we'd call the haves

713
00:48:44,640 --> 00:48:48,680
and the have nots, but it's, you know, the bourgeoisie and the proletariat.

714
00:48:48,680 --> 00:48:53,240
Well, the problem with what he prescribes for this is he says, okay, what we need to

715
00:48:53,240 --> 00:48:58,680
do is we need to get rid of all their private property, whatever they have left tax progressively,

716
00:48:58,680 --> 00:49:02,520
depending on how rich they are, don't let them pass anything on to their kids.

717
00:49:02,520 --> 00:49:07,240
If they are deemed as a rebel or as a, you know, an enemy of the party, then you take

718
00:49:07,240 --> 00:49:12,680
everything they have because and then you you give them the most, most humiliating menial

719
00:49:12,680 --> 00:49:14,520
fucking job you possibly can.

720
00:49:14,520 --> 00:49:15,680
And this is actually what they did.

721
00:49:15,680 --> 00:49:20,960
I know this from talking to people who survived communism like like Carla's parents and talking

722
00:49:20,960 --> 00:49:25,760
about the experiences that their parents and their grandparents had going through this

723
00:49:25,760 --> 00:49:28,680
for many decades in Romania.

724
00:49:28,680 --> 00:49:34,240
But the fucking biggest absurdity for me is that Marx basically says we need to we need

725
00:49:34,240 --> 00:49:36,720
to have this change come about.

726
00:49:36,720 --> 00:49:41,160
And he even uses the word what does he say, you know, through despotic, we may have to

727
00:49:41,160 --> 00:49:46,040
use despotic means at first something to that effect, where he basically says, we're gonna

728
00:49:46,040 --> 00:49:49,080
have to do really fucked up shit to get what we want.

729
00:49:49,080 --> 00:49:52,720
But that's okay, because eventually we'll get to this perfect utopia.

730
00:49:52,720 --> 00:49:58,960
But the problem is that the utopia that he prescribes is based on just a different hierarchy

731
00:49:58,960 --> 00:50:03,200
of control, just one that puts the worker quote, the worker at the top.

732
00:50:03,200 --> 00:50:06,240
But really, you can't have everybody making all the decisions.

733
00:50:06,240 --> 00:50:11,920
So we should have a small party of people that makes these decisions that represent the workers.

734
00:50:11,920 --> 00:50:15,720
And he talks of one of the other things he talks about is the centralization of credit

735
00:50:15,720 --> 00:50:21,160
and a monopoly on money by a state bank controlled by the party.

736
00:50:21,160 --> 00:50:24,360
That I mean, that's literally just the central banking model.

737
00:50:24,360 --> 00:50:28,280
The central banking model is inherently communist in that way.

738
00:50:28,280 --> 00:50:33,960
Because I think what people miss is when if you don't have a good grasp of what communism

739
00:50:33,960 --> 00:50:39,160
actually means, you think that it just being some maybe some nice idea that hasn't ever

740
00:50:39,160 --> 00:50:41,680
been perfectly sorted out.

741
00:50:41,680 --> 00:50:42,800
But maybe it'll get there.

742
00:50:42,800 --> 00:50:44,280
But the idea is okay, right?

743
00:50:44,280 --> 00:50:45,280
And it's like, no.

744
00:50:45,280 --> 00:50:50,960
The idea is fucked because the foundation of the idea is destroying the private property

745
00:50:50,960 --> 00:50:56,200
of others, taking it away and giving it to other people and then putting new people up

746
00:50:56,200 --> 00:50:57,200
the top.

747
00:50:57,200 --> 00:50:59,560
It's just an authoritarian system.

748
00:50:59,560 --> 00:51:05,120
It's a authoritarian top down state controlled system masquerading under the guise of lifting

749
00:51:05,120 --> 00:51:06,440
up the worker.

750
00:51:06,440 --> 00:51:08,160
But that's all really bullshit.

751
00:51:08,160 --> 00:51:16,040
And communism has been tried now again and again and again and the neo-commies will say,

752
00:51:16,040 --> 00:51:17,960
well, real communism's never been tried.

753
00:51:17,960 --> 00:51:19,160
That's not the real Marxist way.

754
00:51:19,160 --> 00:51:27,000
It's like, listen, if you really got your way, communism would have ended humanity as

755
00:51:27,000 --> 00:51:28,000
we know it by now.

756
00:51:28,000 --> 00:51:30,960
But luckily, there were enough people that said, this is complete bullshit.

757
00:51:30,960 --> 00:51:33,120
We're going to stand up against this.

758
00:51:33,120 --> 00:51:37,960
And the old common saying that you vote your way into communism, but you shoot your way

759
00:51:37,960 --> 00:51:41,440
out rings very, very true.

760
00:51:41,440 --> 00:51:44,640
And it's sad that so many people just do not grok that.

761
00:51:44,640 --> 00:51:45,640
Yeah.

762
00:51:45,640 --> 00:51:52,080
I mean, the thing is like the dragon was not slain.

763
00:51:52,080 --> 00:51:58,400
It found its way to like, it found its way into everything else in the civilization we

764
00:51:58,400 --> 00:52:00,360
hold dear, right?

765
00:52:00,360 --> 00:52:01,360
And that's the thing.

766
00:52:01,360 --> 00:52:10,880
Like, we thought we won to some degree, but we literally led it in the front door.

767
00:52:10,880 --> 00:52:23,200
It's like, yeah, we, and that's what I think in many ways has been missed.

768
00:52:23,200 --> 00:52:31,600
Like the, the communism, the overt communism was never going to win because it was just

769
00:52:31,600 --> 00:52:34,640
like people just don't have the stomach for it, right?

770
00:52:34,640 --> 00:52:41,000
And the kind of people who are inclined to support it, you know, to honestly, a too pussy

771
00:52:41,000 --> 00:52:43,800
to like do what needs to be done, right?

772
00:52:43,800 --> 00:52:49,880
Like, and I've been going down a massive rabbit hole on South Africa.

773
00:52:49,880 --> 00:52:53,280
And if you want to know what's going to happen to the rest of the West, go and study South

774
00:52:53,280 --> 00:52:54,280
African history.

775
00:52:54,280 --> 00:52:58,200
South Africa was the, should, should have been the richest place in the world.

776
00:52:58,200 --> 00:53:02,720
Like it was richer than America in the early 1900s.

777
00:53:02,720 --> 00:53:09,840
South Africa was one of the jewels of Western civilization and everything that happened

778
00:53:09,840 --> 00:53:18,840
there in terms of like how immigrants are treated like, you know, in terms of like mass

779
00:53:18,840 --> 00:53:24,760
immigration, like, you know, oh man, I don't want to get you in trouble in this, you know,

780
00:53:24,760 --> 00:53:27,480
in this podcast, but there is so much there.

781
00:53:27,480 --> 00:53:32,160
Like if you, if you ever want to go down a rabbit hole, Wilbur Smith, he's an author

782
00:53:32,160 --> 00:53:36,800
who writes historical fiction and his books, honestly, man, like I thought Iron Rand was

783
00:53:36,800 --> 00:53:37,800
a good writer.

784
00:53:37,800 --> 00:53:39,400
This guy's fucking way better.

785
00:53:39,400 --> 00:53:44,760
Like he's incredible and his stories about communism or any of that sort of stuff, particularly

786
00:53:44,760 --> 00:53:52,840
that they're about a family, the Courtney family who basically comes to South Africa

787
00:53:52,840 --> 00:53:59,000
in the late 1700s as English sailors.

788
00:53:59,000 --> 00:54:03,520
And South Africa, a lot of people don't realize was 90% uninhabited.

789
00:54:03,520 --> 00:54:06,000
Like the South of Africa was un-fucking-inhabited.

790
00:54:06,000 --> 00:54:10,240
The first territorial claimants of that were not black people, but white people.

791
00:54:10,240 --> 00:54:12,520
They do not realize this shit.

792
00:54:12,520 --> 00:54:19,280
It was the white man who inhabited it and built it up, particularly Englishmen, Dutch,

793
00:54:19,280 --> 00:54:21,920
and a bit of German.

794
00:54:21,920 --> 00:54:24,360
And it became the most prosperous.

795
00:54:24,360 --> 00:54:30,240
And the story, his books basically follow this Courtney family, this Courtney line.

796
00:54:30,240 --> 00:54:37,000
And you see how communism sort of infiltrated South Africa and started to tear it apart

797
00:54:37,000 --> 00:54:45,520
from inside and how then communism as an ideology infiltrated Zimbabwe, Mozambique,

798
00:54:45,520 --> 00:54:52,680
and all of these regions and destroyed Africa more than anything else.

799
00:54:52,680 --> 00:54:54,240
Like it wasn't colonialism.

800
00:54:54,240 --> 00:54:57,840
It wasn't any of that sort of stuff that destroyed Africa, as a lot of people would like to have

801
00:54:57,840 --> 00:54:58,840
me believe.

802
00:54:58,840 --> 00:55:03,520
It was communism that destroyed the inside fucking land.

803
00:55:03,520 --> 00:55:11,800
So there's a lot there and it's just interesting like, imagine that history up with everything

804
00:55:11,800 --> 00:55:15,880
that I sort of studied and learned in writing the Uncommunist Manifest, everything that we're

805
00:55:15,880 --> 00:55:23,440
seeing in the West today with the West, with all these, whether it's climate change, whether

806
00:55:23,440 --> 00:55:29,600
it's ESG, whether it's fucking masks, whether it's central banking, whether it's whatever,

807
00:55:29,600 --> 00:55:30,600
all of it.

808
00:55:30,600 --> 00:55:35,160
It's all found its way and it's infected everything.

809
00:55:35,160 --> 00:55:39,160
And I know it's going to be like, this is why I say it's going to be something that

810
00:55:39,160 --> 00:55:41,840
like you don't remove an infection overnight.

811
00:55:41,840 --> 00:55:45,280
It doesn't happen like that unless you kill the host, right?

812
00:55:45,280 --> 00:55:49,840
Like so for us to disentangle ourselves from this cancer, it's going to take quite a while.

813
00:55:49,840 --> 00:55:54,880
It's going to take a series of generations and it's going to take really, really, really,

814
00:55:54,880 --> 00:56:02,360
really good leadership in multiple ways, not a single leader, but like really strong leaders

815
00:56:02,360 --> 00:56:07,080
per micro territory and as many of those as possible who form alliances.

816
00:56:07,080 --> 00:56:14,760
And you know, once again, as all history, this next phase of history will also be shaped

817
00:56:14,760 --> 00:56:25,000
by a few strong men who buck the fucking trend and offer a better narrative, a better story,

818
00:56:25,000 --> 00:56:32,920
a better future, something worth aspiring towards and you'll see the rekindling of spirit

819
00:56:32,920 --> 00:56:33,920
in humanity.

820
00:56:33,920 --> 00:56:38,680
And honestly, I can already sense this like Millay for me has been such a, such a breath

821
00:56:38,680 --> 00:56:42,360
of fresh air because you can sense the fucking energy in a son of a bitch, like the way he

822
00:56:42,360 --> 00:56:48,720
fucking talks, the way he presents himself, like he's articulate, he's smart, he's energetic,

823
00:56:48,720 --> 00:56:52,400
he's passionate, he's driven, he's got all of this sort of stuff and that's fucking

824
00:56:52,400 --> 00:56:53,640
inspirational.

825
00:56:53,640 --> 00:57:00,600
And it's not only inspirational, but it's like it is so threatening to the communist

826
00:57:00,600 --> 00:57:01,600
archetype.

827
00:57:01,600 --> 00:57:03,320
Like they hate him, bro.

828
00:57:03,320 --> 00:57:05,280
They hate him and I fucking love it.

829
00:57:05,280 --> 00:57:10,400
Like these people, they're worms and they're going to lose.

830
00:57:10,400 --> 00:57:17,080
And that's in a country that has been just plagued by these parasitic ideas and we have

831
00:57:17,080 --> 00:57:18,840
seen the result of it.

832
00:57:18,840 --> 00:57:23,960
And in Argentina, it's a, you know, a really interesting and quite tragic case because it's

833
00:57:23,960 --> 00:57:28,800
happened again and again and again and again.

834
00:57:28,800 --> 00:57:34,960
And it's like clockwork every couple of decades, a new coup and a new overthrow and a new,

835
00:57:34,960 --> 00:57:41,480
you know, reformed party that promises some change and then what do they do?

836
00:57:41,480 --> 00:57:45,840
They maintain their currency for a little while after wiping the books clean and then

837
00:57:45,840 --> 00:57:50,560
they run up hyperinflation again and then they rinse and repeat over and over again.

838
00:57:50,560 --> 00:57:56,440
So to see that energy, I know people have, they, you know, have some issues with, you

839
00:57:56,440 --> 00:57:58,160
know, various aspects of it.

840
00:57:58,160 --> 00:58:06,080
And you know, for me, it's, I'm somebody who is, I am never a fan of fawning over politicians

841
00:58:06,080 --> 00:58:08,560
in any way because they're just trying to get your vote.

842
00:58:08,560 --> 00:58:12,160
What I think is good to pay attention to is the person's ideas.

843
00:58:12,160 --> 00:58:18,200
Doesn't, you know, liking the man, you know, we've gotten to this point where it's like

844
00:58:18,200 --> 00:58:22,640
politicians are expected to just be like, who's the most palatable to the most people?

845
00:58:22,640 --> 00:58:23,640
Right?

846
00:58:23,640 --> 00:58:28,480
They're gonna be the most vanilla that doesn't irritate too many people too much so they

847
00:58:28,480 --> 00:58:34,320
can put them up next to the other guy who's this big loud, you know, big loud character

848
00:58:34,320 --> 00:58:41,520
and say, look, well, he's not crazy like that guy, but it's like the, the fucking vanilla,

849
00:58:41,520 --> 00:58:45,640
you know, don't rock the boat type people are the ones that end up doing the most fucking

850
00:58:45,640 --> 00:58:47,960
nefarious shit in the background.

851
00:58:47,960 --> 00:58:52,080
I mean, they're the ones who end up getting Nobel Peace Prizes for bombing the shit out

852
00:58:52,080 --> 00:58:53,480
of the Middle East.

853
00:58:53,480 --> 00:58:59,360
They're the ones who end up, you know, declaring the wars on inflation one while they engage

854
00:58:59,360 --> 00:59:04,960
in multiple actual foreign wars and, you know, pump billions and billions of taxpayer dollars

855
00:59:04,960 --> 00:59:11,400
over to fund the absolute widespread slaughter of people on two sides of a moving territory

856
00:59:11,400 --> 00:59:18,760
line that don't really necessarily have anything to do with us as much as they would have you

857
00:59:18,760 --> 00:59:20,560
believe it.

858
00:59:20,560 --> 00:59:30,000
And it's a good example of just, I'm so sick of the most palatable option being the one

859
00:59:30,000 --> 00:59:36,080
that people say, well, it's the lesser of two evils, you know, fuck that I reject, I

860
00:59:36,080 --> 00:59:40,620
reject that premise that you should have to choose the lesser of two evils, you should

861
00:59:40,620 --> 00:59:45,600
choose what is best, you should choose who is best, and you should choose the one that

862
00:59:45,600 --> 00:59:52,080
probably makes you a little bit uncomfortable, and, you know, we should also be wary of those

863
00:59:52,080 --> 00:59:57,080
who try to masquerade in those kind of populist clothes.

864
00:59:57,080 --> 01:00:01,240
Like personally, you know, and a lot of people, you know, a lot of Bitcoiners may give me

865
01:00:01,240 --> 01:00:04,400
flak for this, but I think Trump is a fucking jackass.

866
01:00:04,400 --> 01:00:09,520
I think he did more of the same people like to ignore the fact that it was he, him that

867
01:00:09,520 --> 01:00:14,800
appointed Jerome Powell, but it was under his administration that we printed $5 trillion

868
01:00:14,800 --> 01:00:15,800
during COVID.

869
01:00:15,800 --> 01:00:17,800
Oh, we had to, we had to.

870
01:00:17,800 --> 01:00:20,200
Bullshit.

871
01:00:20,200 --> 01:00:24,800
People like to make excuses for people that they identify with and that they like.

872
01:00:24,800 --> 01:00:32,440
What I try to remind myself to do is to question doubly hard the people who I find myself liking,

873
01:00:32,440 --> 01:00:33,920
because that's where we have blind spots.

874
01:00:33,920 --> 01:00:37,560
We have blind spots, not with the people who we automatically see, look, you're full of

875
01:00:37,560 --> 01:00:40,640
shit, I don't agree with anything you say, I think you're garbage.

876
01:00:40,640 --> 01:00:43,400
Those people we suss out pretty well, right?

877
01:00:43,400 --> 01:00:47,480
But the people that we find our self finding kinship with, that's where you have to kind

878
01:00:47,480 --> 01:00:51,040
of check yourself a little bit and say, what am I missing here?

879
01:00:51,040 --> 01:00:53,400
Am I having a blind spot?

880
01:00:53,400 --> 01:00:57,400
And to clarify, this is not directed towards Malay.

881
01:00:57,400 --> 01:01:02,360
I, because again, I find myself pretty impressed with him.

882
01:01:02,360 --> 01:01:06,520
And as you said, he's a, he's a guy that's just like full of vitality.

883
01:01:06,520 --> 01:01:12,400
He's energetic and he scares the ever loving shit out of the establishment.

884
01:01:12,400 --> 01:01:16,480
And that's why you see them drawing parallels to Trump and drawing parallels to whoever

885
01:01:16,480 --> 01:01:18,880
they can to try and tarnish him.

886
01:01:18,880 --> 01:01:23,000
And it's the same sort of thing to a different degree that they do with Bukele, who is now

887
01:01:23,000 --> 01:01:28,640
able to, you know, kind of again, give people the middle fucking finger and say, look, all

888
01:01:28,640 --> 01:01:34,640
of you Western media pundits who were saying for years that El Salvador is going to default,

889
01:01:34,640 --> 01:01:39,360
that El Salvador is a, you know, clearly an authoritarian state where, you know, the rule

890
01:01:39,360 --> 01:01:43,960
of law only exists at the behest of the president.

891
01:01:43,960 --> 01:01:45,320
His people are happy.

892
01:01:45,320 --> 01:01:47,400
His economy is thriving.

893
01:01:47,400 --> 01:01:53,160
His brilliant move to start stacking Bitcoin as a nation state looks even more brilliant

894
01:01:53,160 --> 01:01:57,800
now, even to the fucking idiots who couldn't see it from the start.

895
01:01:57,800 --> 01:02:04,600
And it's a great example of leading with action and not trying to pander to every fucking

896
01:02:04,600 --> 01:02:09,640
thing in Tom Dick and Harry who waves their hands and says, no, you can't do this.

897
01:02:09,640 --> 01:02:18,360
So that was a long winded way of me saying that pacifying of the masses is the basis

898
01:02:18,360 --> 01:02:20,960
of the communist appeal, right?

899
01:02:20,960 --> 01:02:24,120
It's trying to find something that they're going to be able to get the most number of

900
01:02:24,120 --> 01:02:30,160
people to get behind with inflamed rhetoric and hollow talking points and a bunch of word

901
01:02:30,160 --> 01:02:35,080
salad that doesn't actually mean anything and represents no actual plan.

902
01:02:35,080 --> 01:02:41,080
And what I loved about the uncommunist manifesto is that in contrast to Marx, who doesn't even

903
01:02:41,080 --> 01:02:47,480
know what he's saying half the time, you guys start out the book with definitions.

904
01:02:47,480 --> 01:02:53,280
You started out by defining what is capitalism, what is energy, what is communism, what is

905
01:02:53,280 --> 01:02:56,440
entropy, what is Bitcoin?

906
01:02:56,440 --> 01:03:00,640
And I think that that was a brilliant way to do it because we can't ever have a meaningful

907
01:03:00,640 --> 01:03:05,400
conversation unless we agree on what we're talking about and what words mean because

908
01:03:05,400 --> 01:03:07,140
they do have meaning.

909
01:03:07,140 --> 01:03:12,480
So I want to give this back to you a little bit because I'd love to, you mentioned that,

910
01:03:12,480 --> 01:03:19,600
okay, yes, Bitcoin, the path to hyper-Bitcoinization, let's say, is likely longer and more fraught

911
01:03:19,600 --> 01:03:23,520
than many would idealistically choose to believe.

912
01:03:23,520 --> 01:03:25,640
I will accept that as well.

913
01:03:25,640 --> 01:03:28,160
I agree with that.

914
01:03:28,160 --> 01:03:31,840
One of the things that you've been writing a lot about recently is energy.

915
01:03:31,840 --> 01:03:36,760
And this is an incredibly fraught topic on the global stage.

916
01:03:36,760 --> 01:03:43,560
You see the climate conferences, you see all this hysteria about, quote, climate change

917
01:03:43,560 --> 01:03:49,720
in a world that has undergone many climate changes before humans ever existed.

918
01:03:49,720 --> 01:03:52,600
But I want to, yeah.

919
01:03:52,600 --> 01:03:59,880
Where do you start your, what's your kind of logical foundation for approaching the topic

920
01:03:59,880 --> 01:04:07,280
of energy as it relates to Bitcoin and as it relates to human flourishing going forward?

921
01:04:07,280 --> 01:04:15,000
And I would say the very parasitic mentality of some of these neo-communists who say that

922
01:04:15,000 --> 01:04:20,360
we need to just keep printing more money to finance climate programs that, and if we don't

923
01:04:20,360 --> 01:04:24,320
do that, then the oceans are going to flood while the, you know, the hills and the valleys

924
01:04:24,320 --> 01:04:28,920
burn and we're all going to be dead in 10 years from now, always 10 years from now,

925
01:04:28,920 --> 01:04:30,240
from whenever they're writing it.

926
01:04:30,240 --> 01:04:31,240
Exactly.

927
01:04:31,240 --> 01:04:33,800
Man, let's, okay, so let's, let's break a few things down.

928
01:04:33,800 --> 01:04:36,840
I really want to drill into energy.

929
01:04:36,840 --> 01:04:42,720
Maybe just before I do, I wanted to just pull on one definition, authoritarianism.

930
01:04:42,720 --> 01:04:45,120
I want to, I want to take back that word.

931
01:04:45,120 --> 01:04:49,160
I want to claim that authoritarianism is a good thing.

932
01:04:49,160 --> 01:04:58,200
So heme atomists is, I think authority as a concept is something that the disease of

933
01:04:58,200 --> 01:05:05,800
leftism and openness and communism, whatever has infiltrated us and hypnotized us into

934
01:05:05,800 --> 01:05:09,000
thinking authority is a bad thing.

935
01:05:09,000 --> 01:05:16,720
I have come to believe that authority is similar to like excellence, responsibility, etc.

936
01:05:16,720 --> 01:05:23,240
Because authority is something that you must trade time, energy and effort for, you know,

937
01:05:23,240 --> 01:05:26,560
like the master is an authority.

938
01:05:26,560 --> 01:05:30,200
Like you, we used to have the master and the apprentice, right?

939
01:05:30,200 --> 01:05:37,240
And the apprentice would seek out an authority and he would work for the authority and sure,

940
01:05:37,240 --> 01:05:41,320
at times you get treated like shit because, you know, no one's perfect.

941
01:05:41,320 --> 01:05:47,280
But at the end of the day, like the premise behind learning as an apprentice was to also

942
01:05:47,280 --> 01:05:49,760
in time become an authority.

943
01:05:49,760 --> 01:05:52,880
So authority, I believe is a fantastic thing.

944
01:05:52,880 --> 01:05:58,000
And hierarchically speaking, authority must be at the top.

945
01:05:58,000 --> 01:06:06,060
And I would argue that Bukele is an authoritarian, but in the good sense because he is the authority

946
01:06:06,060 --> 01:06:07,680
in Salvador.

947
01:06:07,680 --> 01:06:14,520
And he has very much like what I would almost that envision a senior king kind of archetype.

948
01:06:14,520 --> 01:06:22,200
He has taken charge of the fucking situation and he has directed Salvador into a place

949
01:06:22,200 --> 01:06:25,040
that is fundamentally better than where it was.

950
01:06:25,040 --> 01:06:27,120
And that requires authoritarianism.

951
01:06:27,120 --> 01:06:33,080
So I would kind of separate that from maybe totalitarianism, which is, you know, disability

952
01:06:33,080 --> 01:06:40,640
to kind of, you know, create a surveillance 1984 state that turns everybody into a bug

953
01:06:40,640 --> 01:06:47,240
man and, you know, destroys the spirit of the individual.

954
01:06:47,240 --> 01:06:50,960
You know, authority implies like leadership, etc.

955
01:06:50,960 --> 01:06:57,320
So it's only it's like, I'm going into these like terms like even elite, for example, like

956
01:06:57,320 --> 01:07:02,400
I wrote an article many years ago saying, let's take back the word elite, because elite

957
01:07:02,400 --> 01:07:04,480
means the name of the crop.

958
01:07:04,480 --> 01:07:07,120
It means to rise to the top elite.

959
01:07:07,120 --> 01:07:11,200
You know, I think even in this some niche article that I wrote, like I've got the etymology

960
01:07:11,200 --> 01:07:13,320
of elite, right?

961
01:07:13,320 --> 01:07:18,720
I think we need to take back these words and be very precise with our definition.

962
01:07:18,720 --> 01:07:24,240
So I just wanted to throw that in there as an offering.

963
01:07:24,240 --> 01:07:30,240
I like that premise, actually, because, you know, it's another good example of words matter

964
01:07:30,240 --> 01:07:33,840
and the meaning attached to those words matters.

965
01:07:33,840 --> 01:07:41,160
And many words have been used as cudgels, if you will, to try and browbeat the less

966
01:07:41,160 --> 01:07:47,280
informed populace into, you know, it's some sort of a dog whistle for the, you know, for

967
01:07:47,280 --> 01:07:49,960
certain sections of the populace.

968
01:07:49,960 --> 01:07:56,480
And I think that it is a good separation between, you know, authoritarianism and totalitarianism.

969
01:07:56,480 --> 01:08:03,320
And I think perhaps if I'm understanding your kind of your premise correctly, you would

970
01:08:03,320 --> 01:08:08,560
say that probably authoritarianism does not involve the total control of the economic

971
01:08:08,560 --> 01:08:16,360
forces of the market, whereas totalitarianism requires the total control of forces of production,

972
01:08:16,360 --> 01:08:20,840
as well as the total control of as many aspects of your life as they can get their grubby

973
01:08:20,840 --> 01:08:22,600
little hands on.

974
01:08:22,600 --> 01:08:24,360
Is that a fair characterization?

975
01:08:24,360 --> 01:08:29,040
Totalitarianism is like this total fucking control and it comes from a place of fear.

976
01:08:29,040 --> 01:08:33,160
It comes from a place of like wanting to fucking micromanage everybody.

977
01:08:33,160 --> 01:08:36,480
It is middle management, longhouse hell.

978
01:08:36,480 --> 01:08:41,840
That's essentially what totalitarianism, authoritarianism is fucking leadership.

979
01:08:41,840 --> 01:08:46,920
It is an authority saying this, like, I'm the fucking captain of the ship and we're

980
01:08:46,920 --> 01:08:53,520
going in this direction, you know, and I might be fucking retarded, but this is the direction.

981
01:08:53,520 --> 01:08:59,560
And at least like human beings have, you know, the incredible capacity to figure shit out.

982
01:08:59,560 --> 01:09:02,920
So even sometimes when they're heading in the wrong direction, they all get behind the

983
01:09:02,920 --> 01:09:05,360
captain, they figure their way out, right?

984
01:09:05,360 --> 01:09:11,240
And it's like, this is, I mean, you know, but by hating the idea of authority, what

985
01:09:11,240 --> 01:09:15,400
we've started to do is we've started to invert functional hierarchies.

986
01:09:15,400 --> 01:09:16,400
Now what do we do?

987
01:09:16,400 --> 01:09:23,240
We place the most incompetent moron into a position of authority because they're fucking

988
01:09:23,240 --> 01:09:31,360
13 genders and fucking got six disabilities and, you know, they're on 35 meds, right?

989
01:09:31,360 --> 01:09:34,520
Now because of that, they are the new authority.

990
01:09:34,520 --> 01:09:40,360
So it's like, we've just demolished the very function of authority in a civilization, which

991
01:09:40,360 --> 01:09:41,360
is competence.

992
01:09:41,360 --> 01:09:43,640
Like authority implies competence.

993
01:09:43,640 --> 01:09:46,240
Like to become an authority, you must be competent.

994
01:09:46,240 --> 01:09:49,680
You must have invested the time in order to do so.

995
01:09:49,680 --> 01:09:51,360
Otherwise, you're not an authority.

996
01:09:51,360 --> 01:09:53,920
You're fucking your floor, right?

997
01:09:53,920 --> 01:09:55,600
And that's what we have to do.

998
01:09:55,600 --> 01:09:56,600
I think that's a good point.

999
01:09:56,600 --> 01:10:01,440
And that just again, in the interest of reclaiming these words, you know, to be an authority

1000
01:10:01,440 --> 01:10:06,320
on something, to become an authority on something, I should say, because you, you cannot just

1001
01:10:06,320 --> 01:10:07,520
be an authority.

1002
01:10:07,520 --> 01:10:10,680
You must be, you must become an authority.

1003
01:10:10,680 --> 01:10:14,920
And that is an organic and emergent process.

1004
01:10:14,920 --> 01:10:17,920
That is something that should happen through your proof of work.

1005
01:10:17,920 --> 01:10:20,800
And that should be readily apparent.

1006
01:10:20,800 --> 01:10:26,760
The idea, and I think what we've come into in modern society is more of the logical fallacy

1007
01:10:26,760 --> 01:10:31,040
of appeal to authority versus, but it's a false authority.

1008
01:10:31,040 --> 01:10:35,360
It's an authority that is placed there and said, this is the authority.

1009
01:10:35,360 --> 01:10:36,520
This is it.

1010
01:10:36,520 --> 01:10:37,520
Without authority.

1011
01:10:37,520 --> 01:10:38,520
Yeah, authority, literally.

1012
01:10:38,520 --> 01:10:40,160
Exactly, exactly.

1013
01:10:40,160 --> 01:10:44,760
And I think that that's a really important distinction because, you know, we should all strive to

1014
01:10:44,760 --> 01:10:47,880
be an authority on something, right?

1015
01:10:47,880 --> 01:10:52,440
Because that implies that you are, if you are a phenomenal fucking brain surgeon, you

1016
01:10:52,440 --> 01:10:56,440
may be the authority on a specific type of brain surgery.

1017
01:10:56,440 --> 01:10:57,560
That is a good thing.

1018
01:10:57,560 --> 01:11:02,720
And when you tell other doctors what they should do in that instance in a surgery, yes, you

1019
01:11:02,720 --> 01:11:06,120
are being an authoritarian in that context.

1020
01:11:06,120 --> 01:11:12,920
But I think it's a, it's a very, it's a very good point about just reclaiming definitions

1021
01:11:12,920 --> 01:11:19,680
and using words that have actual meaning versus buzzwords that we've been fed that have taken

1022
01:11:19,680 --> 01:11:23,000
on their own life and language evolves, right?

1023
01:11:23,000 --> 01:11:25,960
This is, this is natural language is always going to evolve.

1024
01:11:25,960 --> 01:11:28,360
But that means that language is never static.

1025
01:11:28,360 --> 01:11:32,720
So we do have a chance at taking some of these words back, which in my mind is a very heartening

1026
01:11:32,720 --> 01:11:33,720
thing.

1027
01:11:33,720 --> 01:11:38,480
But speaking of kind of taking back language, taking back narratives, I think this is what

1028
01:11:38,480 --> 01:11:41,400
you are endeavoring to do with some of your writings.

1029
01:11:41,400 --> 01:11:46,040
The recent ones that I just wrote that are pre-published, but about energy.

1030
01:11:46,040 --> 01:11:54,440
And because we've the common sort of, and I, we could call it a leftist mentality, but

1031
01:11:54,440 --> 01:11:57,440
I don't even want to bring left and right into it because I think that that's often

1032
01:11:57,440 --> 01:11:59,720
an oversimplification.

1033
01:11:59,720 --> 01:12:08,400
The what has become a very anti-human sentiment is that using energy, using lots of energy

1034
01:12:08,400 --> 01:12:14,440
is just inherently bad that, that when we use more energy, that is not a good thing.

1035
01:12:14,440 --> 01:12:15,760
That should be discouraged.

1036
01:12:15,760 --> 01:12:19,760
We need to use as little energy as possible because otherwise bad things are going to

1037
01:12:19,760 --> 01:12:21,440
happen to the planet.

1038
01:12:21,440 --> 01:12:27,400
And I think that there's become a complete separation between people have come to conflate

1039
01:12:27,400 --> 01:12:30,840
using energy with like pollution.

1040
01:12:30,840 --> 01:12:33,080
Like we can all agree that pollution is bad.

1041
01:12:33,080 --> 01:12:36,080
Like big smog clouds are bad.

1042
01:12:36,080 --> 01:12:39,080
It's not a good thing, you don't want that.

1043
01:12:39,080 --> 01:12:45,040
What is not a bad thing, what is a very good thing is the utilization of energy in more

1044
01:12:45,040 --> 01:12:46,920
efficient and productive ways.

1045
01:12:46,920 --> 01:12:48,640
That is what allows humanity to flourish.

1046
01:12:48,640 --> 01:12:53,740
That is what has brought us the world out of abject poverty, increased our life expectancy

1047
01:12:53,740 --> 01:12:59,640
by decades, allowed us to have clean running water and plumbing in every fucking home in

1048
01:12:59,640 --> 01:13:02,020
most places in the world.

1049
01:13:02,020 --> 01:13:03,020
That is a good thing.

1050
01:13:03,020 --> 01:13:11,640
So in the vein of reclaiming the narrative, reclaiming definitions, how do you think about

1051
01:13:11,640 --> 01:13:12,640
energy?

1052
01:13:12,640 --> 01:13:18,200
What is your kind of fundamental operating base for how you approach those types of discussions

1053
01:13:18,200 --> 01:13:20,480
and maybe those types of debates when you get into them?

1054
01:13:20,480 --> 01:13:24,640
Yeah, I think when we have those discussions and debates, it's really, really important

1055
01:13:24,640 --> 01:13:28,640
to again start out with definitions and set the frame, right?

1056
01:13:28,640 --> 01:13:33,800
Because if you operate from someone else's frame, you're going to be fighting and losing

1057
01:13:33,800 --> 01:13:34,800
battle.

1058
01:13:34,800 --> 01:13:38,320
So you want to win an argument, you want to reframe things.

1059
01:13:38,320 --> 01:13:44,400
First of all, we need to identify and be very clear about the difference between using energy

1060
01:13:44,400 --> 01:13:46,800
and wasting energy.

1061
01:13:46,800 --> 01:13:50,520
And I would argue that energy is precious.

1062
01:13:50,520 --> 01:13:56,840
Yes, it's infinite, it's abundant, it's unlimited, like technically speaking, everything you

1063
01:13:56,840 --> 01:14:02,760
see around us is a fuel of some sort, it is an energy of some sort.

1064
01:14:02,760 --> 01:14:10,320
What we are limited by is our capacity to extract, harvest, channel, harness the energy,

1065
01:14:10,320 --> 01:14:11,320
right?

1066
01:14:11,320 --> 01:14:19,160
Like I'm sure in some fucking 10,000 years from now, I will be able to turn this pen into

1067
01:14:19,160 --> 01:14:24,040
some sort of fusion reactor that powers my spaceship, okay?

1068
01:14:24,040 --> 01:14:28,560
But we do not have the technical prowess now to take the atoms from here and split it from

1069
01:14:28,560 --> 01:14:29,560
the pen, right?

1070
01:14:29,560 --> 01:14:33,520
So it's like, there is enough energy in the atoms in this pen to do whatever I want.

1071
01:14:33,520 --> 01:14:40,360
But we are limited by our technological prowess, which therefore means that there is an amount

1072
01:14:40,360 --> 01:14:45,640
of energy that we can extract, harness, harvest, whatever word you want to use from the fuel

1073
01:14:45,640 --> 01:14:50,000
sources that are available to us at the current point in time.

1074
01:14:50,000 --> 01:14:57,440
So we do not want to waste that energy, we want to utilize it as efficiently and effectively

1075
01:14:57,440 --> 01:15:04,520
as possible, because if you view life in economics as a game, that which utilizes the energy most

1076
01:15:04,520 --> 01:15:09,360
effectively and efficiently wins, or it progresses, or it continues.

1077
01:15:09,360 --> 01:15:13,760
Like if you want to make the argument that life is that which wants to continue or perpetuate,

1078
01:15:13,760 --> 01:15:15,600
well, that's what it does.

1079
01:15:15,600 --> 01:15:23,240
It takes energy and channels it in a direction that is pro-life and ideally away from entropy,

1080
01:15:23,240 --> 01:15:24,240
right?

1081
01:15:24,240 --> 01:15:28,960
So this, like if we can start with that sort of paradigm and that sort of framework and

1082
01:15:28,960 --> 01:15:37,960
agree there, then we can, I guess, move on to the idea that, okay, well, in that case,

1083
01:15:37,960 --> 01:15:42,080
harnessing, channeling, utilizing energy is a good thing.

1084
01:15:42,080 --> 01:15:51,520
It is in line with life, which if we want to live, if we want to progress, if we want

1085
01:15:51,520 --> 01:15:55,640
civilization to continue, then ideally we should be pro-life.

1086
01:15:55,640 --> 01:15:58,640
If we're talking about just ending everything, we might as well just press a few buttons

1087
01:15:58,640 --> 01:16:00,640
and nuke everything right now, right?

1088
01:16:00,640 --> 01:16:01,640
Get it over with.

1089
01:16:01,640 --> 01:16:02,640
Exactly.

1090
01:16:02,640 --> 01:16:06,280
So let's just pick a fucking side and just decide, right?

1091
01:16:06,280 --> 01:16:11,080
So if we are, in that case, pro-life, then what we need to be doing is we need to be

1092
01:16:11,080 --> 01:16:22,760
not only minimizing the wastage, but we need to be working out ways in which the units

1093
01:16:22,760 --> 01:16:32,120
of energy that we extract or harness or harvest are as energetically viable and economically

1094
01:16:32,120 --> 01:16:33,960
viable as possible.

1095
01:16:33,960 --> 01:16:38,040
So this is where a lot of people don't know this about me, but I used to be in the solar

1096
01:16:38,040 --> 01:16:39,040
industry.

1097
01:16:39,040 --> 01:16:44,880
I built one of Australia's largest solar renewable energy businesses in my early 20s.

1098
01:16:44,880 --> 01:16:49,160
And that business blew up.

1099
01:16:49,160 --> 01:16:53,360
And I'll take responsibility, but it was something that I didn't foresee happening,

1100
01:16:53,360 --> 01:16:57,880
which was the government introducing a bunch of rebates, which made all of us a bunch of

1101
01:16:57,880 --> 01:16:58,880
money.

1102
01:16:58,880 --> 01:17:01,920
And then when it came time to pay the rebates out, they paid around 50 cents on the dollar,

1103
01:17:01,920 --> 01:17:04,120
and we all got basically janked.

1104
01:17:04,120 --> 01:17:09,400
That was when my distrust and hate for government came from, I was 23, 24, I learned from being

1105
01:17:09,400 --> 01:17:15,280
a millionaire one day to broke motherfucker the next day.

1106
01:17:15,280 --> 01:17:23,560
But I have a special place for solar in a negative way now, because back in the day

1107
01:17:23,560 --> 01:17:29,360
I genuinely thought, oh my god, you have this thing and you've got the sun, and why aren't

1108
01:17:29,360 --> 01:17:32,720
we not just using that as energy?

1109
01:17:32,720 --> 01:17:38,480
Now I'm a little bit smarter and realize, okay, this thing has a lifespan, which means

1110
01:17:38,480 --> 01:17:41,800
it's only going to produce energy for a particular period of time.

1111
01:17:41,800 --> 01:17:45,440
It's only going to harness a particular energy for a particular period of time.

1112
01:17:45,440 --> 01:17:47,320
That's going to diminish.

1113
01:17:47,320 --> 01:17:51,920
It's also not going to harness energy when there's no sunshine.

1114
01:17:51,920 --> 01:17:55,520
So it's got a limited actual lifespan.

1115
01:17:55,520 --> 01:18:03,240
But what it costs in energy and time terms to produce this bloody thing doesn't actually

1116
01:18:03,240 --> 01:18:04,720
make a lot of sense.

1117
01:18:04,720 --> 01:18:12,360
So we end up with this very, very low density, high entropy form of energy, which is not

1118
01:18:12,360 --> 01:18:15,120
able to carry life.

1119
01:18:15,120 --> 01:18:19,240
So it has low carrying capacity with respect to life.

1120
01:18:19,240 --> 01:18:25,360
So then I start to think, okay, well, if that's the case, what do we need to do from

1121
01:18:25,360 --> 01:18:30,440
an energy harnessing or energy harvesting standpoint is we need to focus on density,

1122
01:18:30,440 --> 01:18:33,760
density, density, density, density, density.

1123
01:18:33,760 --> 01:18:38,920
We need to find fuel sources, which are as dense as possible because they give us the

1124
01:18:38,920 --> 01:18:43,480
capacity to carry or to sustain or to support more life.

1125
01:18:43,480 --> 01:18:51,000
And that for me, if I had to sum it all up, is the goal for humanity should be harnessing

1126
01:18:51,000 --> 01:18:57,960
fuel sources that are as dense as possible that we can extract, harvest and use the energy

1127
01:18:57,960 --> 01:19:06,600
and do our best to minimize the wastage because waste is just fucking stupid.

1128
01:19:06,600 --> 01:19:10,280
The more you waste, the less chance you have of perpetuating life.

1129
01:19:10,280 --> 01:19:18,560
And the former is something that we've been able to do with oil, coal, nuclear, etc.

1130
01:19:18,560 --> 01:19:20,800
We have the capacity to do this stuff.

1131
01:19:20,800 --> 01:19:24,920
It's the latter where we're running around like a bunch of blind people is that I believe

1132
01:19:24,920 --> 01:19:31,640
we probably waste 90 or 95% of the energy out there because we live in a Seattle society.

1133
01:19:31,640 --> 01:19:33,360
We produce shit we don't need.

1134
01:19:33,360 --> 01:19:41,960
We do it slower, more stupid, more retarded, more backwards than we otherwise would had

1135
01:19:41,960 --> 01:19:48,440
we had a monetary system that we could measure all of this stuff accurately with.

1136
01:19:48,440 --> 01:19:52,400
We're literally like blind men trying to build a house and not only like trying to build

1137
01:19:52,400 --> 01:19:56,880
a house being blind, but we're using a elastic tape measure.

1138
01:19:56,880 --> 01:20:01,360
And we're wondering why everything is like all wonky and fucking nothing's holding together.

1139
01:20:01,360 --> 01:20:06,520
Bitcoin is like eyesight with a tape measure that works.

1140
01:20:06,520 --> 01:20:08,400
And as a result, you actually get a house.

1141
01:20:08,400 --> 01:20:09,640
You don't get a fucking shack.

1142
01:20:09,640 --> 01:20:12,360
So it's like, this is anyway, I've rambled on a little bit, but

1143
01:20:12,360 --> 01:20:18,600
No, no, I appreciate the frame because I think it's a really important concept that when

1144
01:20:18,600 --> 01:20:24,800
it comes to energy, when people like to think of it, there are a lot of people who say,

1145
01:20:24,800 --> 01:20:31,000
Oh, just the act of using energy or using quote too much energy is somehow wasteful.

1146
01:20:31,000 --> 01:20:36,520
It's like that's it's not wasteful if it's going towards productive things that create

1147
01:20:36,520 --> 01:20:40,240
value and enhance the human experience.

1148
01:20:40,240 --> 01:20:41,400
Right.

1149
01:20:41,400 --> 01:20:46,320
And I mean the human experience broadly.

1150
01:20:46,320 --> 01:20:53,760
What people I think just get really fucking tripped up on is this idea that of using energy

1151
01:20:53,760 --> 01:20:55,720
for Bitcoin, like we see this all the time.

1152
01:20:55,720 --> 01:20:58,360
I think this narrative is going away.

1153
01:20:58,360 --> 01:21:01,200
It's going to be a flood of the past before too long.

1154
01:21:01,200 --> 01:21:04,080
You know, the change the code in turn will still be screeching.

1155
01:21:04,080 --> 01:21:10,160
No, like for until they're funding until they're funding from Ripple runs out.

1156
01:21:10,160 --> 01:21:16,240
But people are at least coming around to it because and then the place that they'd need

1157
01:21:16,240 --> 01:21:22,640
to get to, I think that a lot of us Bitcoiners have reached is that how can you any society

1158
01:21:22,640 --> 01:21:30,800
that does not have the base layer, base layer scarcity, base layer auditability, base layer

1159
01:21:30,800 --> 01:21:34,120
predictability is going to be wasteful.

1160
01:21:34,120 --> 01:21:37,040
The fiat system is inherently wasteful.

1161
01:21:37,040 --> 01:21:43,880
It is a system of creating something from nothing, creating money from nothing and then

1162
01:21:43,880 --> 01:21:50,240
using that to create a lot of things that are superfluous, that are not needed, that

1163
01:21:50,240 --> 01:21:56,840
do not advance our species and that ultimately leave people worse off than they were before.

1164
01:21:56,840 --> 01:22:00,680
So it comes down to that trying to eliminate waste.

1165
01:22:00,680 --> 01:22:05,640
And the only way to do that is to have a base layer that allows you to actually measure

1166
01:22:05,640 --> 01:22:09,120
what is being wasted and to conserve.

1167
01:22:09,120 --> 01:22:13,080
You know, Bitcoin is fundamentally conservative, not for anyone listening in the political

1168
01:22:13,080 --> 01:22:17,320
way, conservative in the literal meaning of the word to conserve.

1169
01:22:17,320 --> 01:22:23,680
And I think that's what a lot of people in the, let's call it the mainstream are missing.

1170
01:22:23,680 --> 01:22:26,280
But I hope that they get there soon.

1171
01:22:26,280 --> 01:22:27,400
Let's break down the wastage.

1172
01:22:27,400 --> 01:22:29,560
I see sort of three buckets, right?

1173
01:22:29,560 --> 01:22:36,400
One is you've got like the actual how the money functions you have next is like misallocation

1174
01:22:36,400 --> 01:22:38,160
of resources and malinvestment.

1175
01:22:38,160 --> 01:22:44,080
And then the final one is kind of like the superfluous nature of like creating high time

1176
01:22:44,080 --> 01:22:45,800
preference and therefore consumerism.

1177
01:22:45,800 --> 01:22:50,760
So like if we look at those three elements of wastage, the first one is let's look at

1178
01:22:50,760 --> 01:22:56,440
if I want to go down the street and buy a coffee, right?

1179
01:22:56,440 --> 01:23:00,240
And I tap my card, right?

1180
01:23:00,240 --> 01:23:03,400
That seems simple, you know, it's like, okay, yeah, a payment went through.

1181
01:23:03,400 --> 01:23:04,400
That's pretty low energy.

1182
01:23:04,400 --> 01:23:08,360
But if you start thinking, okay, what needs to exist in order for me to do that?

1183
01:23:08,360 --> 01:23:12,640
Well, first of all, like stupid plastic card needs to exist.

1184
01:23:12,640 --> 01:23:14,320
And then all the terminals.

1185
01:23:14,320 --> 01:23:20,240
And you need to have the companies that act as terminal or payment gateways.

1186
01:23:20,240 --> 01:23:24,000
And then, you know, and that's whether it's square or pigs or this or that whatever, like

1187
01:23:24,000 --> 01:23:31,760
this, right, then you need to have the banks that enable, you know, the money to move,

1188
01:23:31,760 --> 01:23:34,000
you know, the credit clearing houses and all of that sort of stuff.

1189
01:23:34,000 --> 01:23:38,200
And each of those banks and credit clearing houses, you also need Mastercard and fucking

1190
01:23:38,200 --> 01:23:39,200
visa.

1191
01:23:39,200 --> 01:23:43,320
Like think about just the number of employees and number of buildings.

1192
01:23:43,320 --> 01:23:46,520
Think about the lighting bill for Mastercard globally, right?

1193
01:23:46,520 --> 01:23:49,720
So like just you need all of that infrastructure, then you need the banks, then you need the

1194
01:23:49,720 --> 01:23:53,440
central banks, you know, to exist in order to issue the money.

1195
01:23:53,440 --> 01:23:56,640
And then be on the central banks, you need like the government and the judicial system

1196
01:23:56,640 --> 01:23:59,960
to exist in order to keep them on as many need the military industrial company, you

1197
01:23:59,960 --> 01:24:05,120
need all of this shit and think about the amount of energy, people, time, resources

1198
01:24:05,120 --> 01:24:11,640
and shit that is involved in the ability for me to go down the street and tap my card

1199
01:24:11,640 --> 01:24:13,440
to get a coffee, right?

1200
01:24:13,440 --> 01:24:19,960
Whereas Bitcoin provides basically the same guarantee or in fact, in order to magnitude

1201
01:24:19,960 --> 01:24:26,720
better guarantee of money and all that happens is electricity goes in fucking minor and at

1202
01:24:26,720 --> 01:24:28,200
the other end you have Bitcoin.

1203
01:24:28,200 --> 01:24:32,760
It's like a direct energy to money transmission.

1204
01:24:32,760 --> 01:24:34,960
There is no shorter path.

1205
01:24:34,960 --> 01:24:39,800
Like all of this stuff for me to have money in my shitty bank account and be able to tap

1206
01:24:39,800 --> 01:24:47,120
my visa card, the energy input from all of that cascading crap needs to exist.

1207
01:24:47,120 --> 01:24:52,920
And that is all underpinned at the end of the day by coal, oil, nuclear, gas, whatever,

1208
01:24:52,920 --> 01:24:53,920
right?

1209
01:24:53,920 --> 01:24:58,360
So, but that stuff instead of being transmuted into a monetary network, it's got to go through

1210
01:24:58,360 --> 01:25:02,200
all of those layers of shit in order to come to us.

1211
01:25:02,200 --> 01:25:06,320
And that's fine because humanity didn't go from fucking gold to Bitcoin.

1212
01:25:06,320 --> 01:25:07,720
Like you know, we had to get there.

1213
01:25:07,720 --> 01:25:11,280
Like a lot of people have this sort of misconceptions like, oh, you know, fear is the epitome of

1214
01:25:11,280 --> 01:25:12,280
evil.

1215
01:25:12,280 --> 01:25:15,520
Yes, it's bad, but it's, we have to get through it, right?

1216
01:25:15,520 --> 01:25:20,480
It is like part of, like it's the mud in the race, you know, when you're doing your,

1217
01:25:20,480 --> 01:25:24,240
you know, tough mud or whatever, like you have to go through that shit and we're going

1218
01:25:24,240 --> 01:25:25,240
to come out the other end.

1219
01:25:25,240 --> 01:25:31,960
But like, this was a necessary component that we had to progress through in order for civilization

1220
01:25:31,960 --> 01:25:32,960
to become more complex.

1221
01:25:32,960 --> 01:25:38,000
And think about like how much energy goes into that and how we are still able to build

1222
01:25:38,000 --> 01:25:40,400
quite a complex society.

1223
01:25:40,400 --> 01:25:41,840
Rip away all that wastage.

1224
01:25:41,840 --> 01:25:44,640
Man, that energy can get redirected into something else.

1225
01:25:44,640 --> 01:25:46,720
So that's kind of like one layer.

1226
01:25:46,720 --> 01:25:51,480
The second layer of malinvestment, when you can print money, what do you do?

1227
01:25:51,480 --> 01:25:54,600
Fundamentally, you change the incentives about where money goes.

1228
01:25:54,600 --> 01:26:00,520
So instead of building, I don't know, like, you know, where I'm in Brazil now, motherfuckers

1229
01:26:00,520 --> 01:26:02,560
here can't get the drains right.

1230
01:26:02,560 --> 01:26:07,320
Like every single Airbnb I go to, the drains just fucking clog up.

1231
01:26:07,320 --> 01:26:08,960
Like I don't know what's wrong with these people.

1232
01:26:08,960 --> 01:26:14,160
Like why they can't just like build a greater degree of elevation between the drain and

1233
01:26:14,160 --> 01:26:15,680
pipe, whatever.

1234
01:26:15,680 --> 01:26:20,200
Like, you know, instead of that, you know, there's apps about, you know, building the

1235
01:26:20,200 --> 01:26:23,920
next dick pic or whatever, like, you know, or dating or whatever, like, you know, like

1236
01:26:23,920 --> 01:26:27,560
so all of our resources get mismanaged.

1237
01:26:27,560 --> 01:26:33,680
And you know, you have stupid like AI companies being built that do literally nothing or financial

1238
01:26:33,680 --> 01:26:37,880
arbitrage apps being built that literally do nothing or crypto that literally does nothing

1239
01:26:37,880 --> 01:26:41,040
or like carbon companies, you know, and climate change.

1240
01:26:41,040 --> 01:26:48,120
Like so it's all like misallocation of capital, which is another word for wastage.

1241
01:26:48,120 --> 01:26:53,240
And then so you've got all this like distortion, like, you know, the visual that I have in

1242
01:26:53,240 --> 01:26:57,840
my head is that stupid, I think it was an Indian bodybuilder who just like pumped his

1243
01:26:57,840 --> 01:26:59,240
biceps full of synthol.

1244
01:26:59,240 --> 01:27:00,240
Right.

1245
01:27:00,240 --> 01:27:01,240
Yeah.

1246
01:27:01,240 --> 01:27:02,240
Like that's that's what our economy looks like.

1247
01:27:02,240 --> 01:27:07,520
It's this thing that is like a Frankenstein weird, like, deformed in such a way that it's

1248
01:27:07,520 --> 01:27:15,000
like in the in the space of like atoms, like, I mean, airlines, flights should be beautiful

1249
01:27:15,000 --> 01:27:16,000
now.

1250
01:27:16,000 --> 01:27:20,160
They are fucking hell because all of the capital is going towards building dick pic apps and

1251
01:27:20,160 --> 01:27:21,160
trading apps, right?

1252
01:27:21,160 --> 01:27:23,760
Instead of like fixing something in the world of atoms.

1253
01:27:23,760 --> 01:27:25,280
So it's kind of like the next level of wastage.

1254
01:27:25,280 --> 01:27:31,160
And then obviously the final level of wastage is the fact that we are incentivizing low

1255
01:27:31,160 --> 01:27:34,760
time preference, cheapness and consumerism.

1256
01:27:34,760 --> 01:27:40,520
And what comes out of that is this incessant need to buy the next piece of plastic shit

1257
01:27:40,520 --> 01:27:44,880
that lasts six months so that you can buy another piece of plastic shit that lasts four

1258
01:27:44,880 --> 01:27:48,600
months so that you can buy another piece of plastic shit that lasts two months and into

1259
01:27:48,600 --> 01:27:54,080
perpetuity, you know, of just like junk and crap and junk and crap, which turns into pollution.

1260
01:27:54,080 --> 01:27:59,360
So it's like more wastage, more waste, more pollution, more junk, more crap.

1261
01:27:59,360 --> 01:28:04,160
And like if you think about all of that and like Bitcoin coming in and just like disrupting

1262
01:28:04,160 --> 01:28:09,120
those, Jesus Christ man, like you get an unlocking of energy.

1263
01:28:09,120 --> 01:28:13,120
I mean, even just like, I'll just say this one point because I get really passionate

1264
01:28:13,120 --> 01:28:14,120
about this.

1265
01:28:14,120 --> 01:28:18,400
I went crazy the first time I went to Brazil, like I was sitting there trying to hire a car.

1266
01:28:18,400 --> 01:28:23,960
And dude, I had to wait in this stupid line for three hours because everybody had to be

1267
01:28:23,960 --> 01:28:25,600
six feet apart.

1268
01:28:25,600 --> 01:28:31,680
And they were, they were showing us like they had this like they built this kind of like

1269
01:28:31,680 --> 01:28:37,240
perspex plate perspex like box where they would put the cars in and they would spend an hour

1270
01:28:37,240 --> 01:28:41,040
like spraying the car down with all these fucking chemicals and like what, and these

1271
01:28:41,040 --> 01:28:42,280
people in hazmat suits.

1272
01:28:42,280 --> 01:28:47,960
And I was like, got almighty, like think about the time that is being wasted now, the energy

1273
01:28:47,960 --> 01:28:52,920
that is being wasted now, like multiply that by every single person that is either at a

1274
01:28:52,920 --> 01:28:58,240
bank or a car hire or an airline or I was like, holy fucking shit, we are wasting as

1275
01:28:58,240 --> 01:29:07,320
a civilization 99.99999% of our energy and time right now on the greatest possible stupidity

1276
01:29:07,320 --> 01:29:08,640
in human history.

1277
01:29:08,640 --> 01:29:11,280
Like I was like, how the fuck is anything still functioning?

1278
01:29:11,280 --> 01:29:12,280
It's a miracle.

1279
01:29:12,280 --> 01:29:16,680
So what that tells me is that like we can do so much as human beings with so little and

1280
01:29:16,680 --> 01:29:21,840
if we unlocked and stopped wasting so if we unlocked that potential and stop wasting all

1281
01:29:21,840 --> 01:29:26,680
that energy, dude, we should be a type one type two civilization by now, you know, with

1282
01:29:26,680 --> 01:29:30,880
fucking oil and a little bit of nuclear we have, but no, we are squandering most of it.

1283
01:29:30,880 --> 01:29:36,080
And this is, you know, coming back to like, final point is, you know, my fire Bitcoin

1284
01:29:36,080 --> 01:29:42,400
teleportation article is like, you know, everyone talks about like, you know, the Karashiv scale

1285
01:29:42,400 --> 01:29:47,520
and the great filter that doesn't fucking happen without the discovery of energy money.

1286
01:29:47,520 --> 01:29:48,520
It doesn't fucking happen.

1287
01:29:48,520 --> 01:29:51,000
This is what all the physicists don't fucking get.

1288
01:29:51,000 --> 01:29:55,120
They look at it through like, oh, you know, you know, you need like multi cellular organisms,

1289
01:29:55,120 --> 01:29:58,640
you need sex, you need apes, and then, you know, all of a sudden we'll be like multi

1290
01:29:58,640 --> 01:29:59,800
planetary species.

1291
01:29:59,800 --> 01:30:00,800
No dickhead.

1292
01:30:00,800 --> 01:30:03,560
You need the fucking energy money.

1293
01:30:03,560 --> 01:30:09,400
Like that is like the big discovery that is the big aha moment, which aligns human action,

1294
01:30:09,400 --> 01:30:14,840
economics, energy, time in a direction such that we are not squandering everything.

1295
01:30:14,840 --> 01:30:17,960
So I'll calm the fuck down now.

1296
01:30:17,960 --> 01:30:20,000
And I love it though.

1297
01:30:20,000 --> 01:30:25,920
Because I think it's such an important thing to focus on not just the high time preference

1298
01:30:25,920 --> 01:30:31,040
behavior that is created because that's that's an, you know, people are incentivized to have

1299
01:30:31,040 --> 01:30:32,360
high time preference behavior, right?

1300
01:30:32,360 --> 01:30:36,440
When you have high time preference money that loses its value quickly, you incentivize high

1301
01:30:36,440 --> 01:30:38,320
time preference behavior.

1302
01:30:38,320 --> 01:30:42,640
And that leads to waste because you don't think through things.

1303
01:30:42,640 --> 01:30:44,080
You don't plan ahead.

1304
01:30:44,080 --> 01:30:49,020
When you plan ahead, you do things more efficiently and effectively and achieve better results.

1305
01:30:49,020 --> 01:30:53,000
And you fucking fly off the cuff doing scrambling to do whatever you think you need to do just

1306
01:30:53,000 --> 01:30:56,680
to keep your head above water because the system is so fucked.

1307
01:30:56,680 --> 01:30:58,160
That's where you create waste.

1308
01:30:58,160 --> 01:31:02,520
And the other big area that I see going back to your first point is just, you know, about

1309
01:31:02,520 --> 01:31:07,560
all the layers of abstraction between you, a seemingly simple action of you tapping the

1310
01:31:07,560 --> 01:31:13,760
card to purchase a coffee and money actually settling on the back end.

1311
01:31:13,760 --> 01:31:18,200
There are like, I think even if we spent the day trying to count them out, the layers of

1312
01:31:18,200 --> 01:31:21,800
abstraction, we would still miss a couple dozen probably.

1313
01:31:21,800 --> 01:31:28,920
And that's the idea that so much of the inefficiency that's baked into our system at the monetary

1314
01:31:28,920 --> 01:31:34,120
layer, which then permeates out to everything else because the money is the base layer,

1315
01:31:34,120 --> 01:31:40,200
all of that inefficiency is coming from the layers of abstraction and the middlemen that

1316
01:31:40,200 --> 01:31:41,200
we place.

1317
01:31:41,200 --> 01:31:46,200
And the whole idea of Bitcoin is get rid of the trusted third party, get rid of the middleman,

1318
01:31:46,200 --> 01:31:52,200
go directly to the source and have, as you said, energy money where you are removing

1319
01:31:52,200 --> 01:31:59,520
the abstraction, you are allowing the energy to be conserved and not be just, you know,

1320
01:31:59,520 --> 01:32:06,280
at the whims of fucking chaos because you get rid of all the fucking people just shuffling

1321
01:32:06,280 --> 01:32:09,440
papers, so to speak, in between.

1322
01:32:09,440 --> 01:32:11,440
The crater on the top.

1323
01:32:11,440 --> 01:32:12,440
Exactly.

1324
01:32:12,440 --> 01:32:19,440
And we see that level of middleman based inefficiency in so many areas, not just of the economy,

1325
01:32:19,440 --> 01:32:21,040
but of our political economy.

1326
01:32:21,040 --> 01:32:23,560
I mean, this is the bureaucrat, right?

1327
01:32:23,560 --> 01:32:24,820
This is not the leader.

1328
01:32:24,820 --> 01:32:27,160
This is not the, you know, this is not the one at the top.

1329
01:32:27,160 --> 01:32:29,580
This is not the one at the local level.

1330
01:32:29,580 --> 01:32:34,640
This is, these are the fucking all the different bureaucrats in the education system.

1331
01:32:34,640 --> 01:32:42,040
We see that the decline of test scores and of, you know, merit based academia and the

1332
01:32:42,040 --> 01:32:48,440
rise of spending on a bloated bureaucratic class of paper shufflers that don't actually

1333
01:32:48,440 --> 01:32:53,520
do jack shit and in fact, detract from the productive capital that would otherwise be

1334
01:32:53,520 --> 01:32:58,320
deployed on actual education or on actual, you know, people talk about all the time,

1335
01:32:58,320 --> 01:33:02,320
you know, oh, well, without you paying your taxes, we won't have any roads.

1336
01:33:02,320 --> 01:33:04,960
And it's like, have you ever fucking been to Chicago?

1337
01:33:04,960 --> 01:33:07,360
We pay through the fucking nose with taxes.

1338
01:33:07,360 --> 01:33:09,040
We have the roads.

1339
01:33:09,040 --> 01:33:13,960
And our roads are all toll roads, you have to pay tolls to drive on your own fucking

1340
01:33:13,960 --> 01:33:16,280
roads that you apparently pay taxes for.

1341
01:33:16,280 --> 01:33:18,600
And they're still full of fucking potholes.

1342
01:33:18,600 --> 01:33:23,840
So I'm sorry, you know, it's an extreme example, but it's also a fucking one of the biggest

1343
01:33:23,840 --> 01:33:30,040
brightest cities in the USA that's also riddled with crime, rampant with corruption and having

1344
01:33:30,040 --> 01:33:31,960
a mass wealth exodus.

1345
01:33:31,960 --> 01:33:36,680
But hey, at least we pay taxes and pay tolls to have shitty pothold filled roads because

1346
01:33:36,680 --> 01:33:41,480
thank goodness for all the fucking middlemen bureaucrats that clog up the otherwise productive

1347
01:33:41,480 --> 01:33:42,640
capital being deployed.

1348
01:33:42,640 --> 01:33:43,800
What would we do without them?

1349
01:33:43,800 --> 01:33:49,760
We'd be lost little sheep, little NPCs just glitching in a corner somewhere, you know.

1350
01:33:49,760 --> 01:33:51,760
Thank goodness for the bureaucrats.

1351
01:33:51,760 --> 01:33:52,760
Yeah.

1352
01:33:52,760 --> 01:33:53,760
Yeah.

1353
01:33:53,760 --> 01:33:58,920
You know, Spetzi, I could, I could rip with you all day on this because I think you and

1354
01:33:58,920 --> 01:34:06,120
I would probably would probably both go on some heavy tangents as well, going down the

1355
01:34:06,120 --> 01:34:14,440
class of just fucking the unproductive and bureaucratic layers of our society.

1356
01:34:14,440 --> 01:34:18,720
And I wish we had a little more time, but both of our time is scarce.

1357
01:34:18,720 --> 01:34:20,280
Your time is scarce.

1358
01:34:20,280 --> 01:34:24,480
What I want to finish up with, and then I have one unrelated question, but what I want

1359
01:34:24,480 --> 01:34:28,720
to finish up with is maybe can you talk a little bit about what you're doing with AI

1360
01:34:28,720 --> 01:34:32,520
and Bitcoin, because I think it's a really cool project and one that I'd really like

1361
01:34:32,520 --> 01:34:33,680
to highlight.

1362
01:34:33,680 --> 01:34:37,640
So can you give us the kind of recap of, you know, what you're building for those that

1363
01:34:37,640 --> 01:34:41,240
don't know and kind of what your goal is with that moving forward?

1364
01:34:41,240 --> 01:34:42,240
So yes.

1365
01:34:42,240 --> 01:34:48,680
So to sum it up, we've evolved the thinking on this a lot, but it's we are positioning

1366
01:34:48,680 --> 01:34:55,120
ourselves at the nexus of Bitcoin and AI, and we're trying to use AI to make Bitcoin

1367
01:34:55,120 --> 01:34:57,760
easier, more accessible, more understandable.

1368
01:34:57,760 --> 01:35:02,000
And we're trying to use Bitcoin to potentially also make AI more open.

1369
01:35:02,000 --> 01:35:05,240
And what I mean by that is I'll explain through a couple of examples.

1370
01:35:05,240 --> 01:35:09,120
The first suite of models, which depending on when this goes live might actually be available

1371
01:35:09,120 --> 01:35:12,080
for people to download for free on Huggingface and they can run it locally.

1372
01:35:12,080 --> 01:35:17,080
It's going to be open source or they can access it through spiritistotoshi.ai.

1373
01:35:17,080 --> 01:35:20,200
And it is basically a Bitcoin model.

1374
01:35:20,200 --> 01:35:24,920
So similar to ChatGPT, it'll be a language model that you can ask any question about

1375
01:35:24,920 --> 01:35:27,240
anything, and it'll answer more like a Bitcoin.

1376
01:35:27,240 --> 01:35:29,840
That's the premise of the core model.

1377
01:35:29,840 --> 01:35:35,360
And the use case for something like that might be embedding it into an exchange, as an education

1378
01:35:35,360 --> 01:35:40,600
onboarding assistant, embedding it as a tutor in an educational app like WISER or what the

1379
01:35:40,600 --> 01:35:42,400
plan B guys are doing, et cetera.

1380
01:35:42,400 --> 01:35:43,840
So all that sort of stuff.

1381
01:35:43,840 --> 01:35:48,200
But another example, and this is something we're excitedly working on now is a Bitcoin

1382
01:35:48,200 --> 01:35:49,200
coding assistant.

1383
01:35:49,200 --> 01:35:53,720
So we're calling it CodeSotoshi, very original, I know.

1384
01:35:53,720 --> 01:35:58,600
And basically the idea is that it'll specialize in everything from like mini script, RGB,

1385
01:35:58,600 --> 01:36:01,800
BitVN, whole punch, Nostra, blah, blah, blah.

1386
01:36:01,800 --> 01:36:07,800
And it'll help developers who are not familiar with Bitcoin, Bitcoin protocols, Bitcoin frameworks,

1387
01:36:07,800 --> 01:36:12,960
Bitcoin languages, et cetera, to be able to build Bitcoin products and services.

1388
01:36:12,960 --> 01:36:19,200
So that's kind of like using AI to enable Bitcoin more broadly.

1389
01:36:19,200 --> 01:36:27,840
And then the other direction is like there's this whole push that in the long term, we're

1390
01:36:27,840 --> 01:36:30,360
going to need more open source models.

1391
01:36:30,360 --> 01:36:34,920
Now the best way to build open source models is to really crowdsource the data, crowdsource

1392
01:36:34,920 --> 01:36:39,920
the information, whether it's the collection, the curation, or the cleanup of the data,

1393
01:36:39,920 --> 01:36:43,000
or the training of the model through reinforcement learning or whatever.

1394
01:36:43,000 --> 01:36:44,680
You want to get a crowd to that.

1395
01:36:44,680 --> 01:36:48,640
Now the question becomes, how the fuck do you incentivize the crowd?

1396
01:36:48,640 --> 01:36:52,720
Well, there's a thing called micro payments and there's a thing called light name, which

1397
01:36:52,720 --> 01:36:56,800
might be able to incentivize people all around the world without a bank account, blah, blah,

1398
01:36:56,800 --> 01:36:58,280
blah, blah, to do so.

1399
01:36:58,280 --> 01:37:04,000
So we actually built prototype of this specifically to help us build our own model.

1400
01:37:04,000 --> 01:37:08,280
So we've got the whole Bitcoin community assisting us, well not the whole Bitcoin community,

1401
01:37:08,280 --> 01:37:13,320
obviously, but a bunch of people from around the world assisting us in the data, curation,

1402
01:37:13,320 --> 01:37:15,120
collection, cleanup.

1403
01:37:15,120 --> 01:37:18,360
And that data then goes into training the open source models.

1404
01:37:18,360 --> 01:37:20,360
So we hope something like that.

1405
01:37:20,360 --> 01:37:24,760
So let's say if you want to build, I don't know, a fucking Christian Bible studies app,

1406
01:37:24,760 --> 01:37:28,960
if you want to build a self-defense language model, if you want to build a, I don't know,

1407
01:37:28,960 --> 01:37:33,520
like a Tucker Carlson bot or Anne Rand, bring her back to life, whatever, like you need

1408
01:37:33,520 --> 01:37:35,800
a framework like this.

1409
01:37:35,800 --> 01:37:43,560
And we hope that this is a way for us to make Bitcoin a thing inside AI.

1410
01:37:43,560 --> 01:37:46,640
So that's the nexus at which we're operating.

1411
01:37:46,640 --> 01:37:53,920
And likely by the time this comes out, we are writing the first Bitcoin AI industry report.

1412
01:37:53,920 --> 01:37:55,520
It's about 50 pages.

1413
01:37:55,520 --> 01:38:01,640
It goes into like we interviewed 50 Bitcoin content creators and VCs and Bitcoin companies

1414
01:38:01,640 --> 01:38:05,880
to understand what the pain points and problems are and how AI could potentially act as a

1415
01:38:05,880 --> 01:38:06,880
solution.

1416
01:38:06,880 --> 01:38:13,280
And we also outline and document the process of building a Bitcoin centric language model,

1417
01:38:13,280 --> 01:38:17,400
what it takes to build a language model, training data collection, all sorts of it's a really

1418
01:38:17,400 --> 01:38:21,760
it's a juicy report similar to Rivers Lightning report that came out like a couple months

1419
01:38:21,760 --> 01:38:22,760
ago.

1420
01:38:22,760 --> 01:38:25,520
It's going to be the first we're calling it the nexus of Bitcoin and AI.

1421
01:38:25,520 --> 01:38:29,960
So that report will be out before the end of the year for people to do a little light

1422
01:38:29,960 --> 01:38:30,960
Christmas reading.

1423
01:38:30,960 --> 01:38:34,360
So yeah, that's a love it overview of the stuff.

1424
01:38:34,360 --> 01:38:39,040
Yeah, I appreciate the rundown because I wanted to make sure that I got that in because I

1425
01:38:39,040 --> 01:38:40,720
think what you're doing is fasting in there.

1426
01:38:40,720 --> 01:38:45,320
I think it's great that you're building it out in the open as well because that, you

1427
01:38:45,320 --> 01:38:51,400
know, building things open source, bringing in feedback from all over the world.

1428
01:38:51,400 --> 01:38:55,400
That's not only how you make sure that these things don't get centralized, don't get captured,

1429
01:38:55,400 --> 01:38:57,680
but it's also how you make them better.

1430
01:38:57,680 --> 01:39:02,840
Building out in the open is a fundamentally better way to ensure that your product, your

1431
01:39:02,840 --> 01:39:05,520
solution has as much diverse feedback.

1432
01:39:05,520 --> 01:39:11,360
I mean, true diversity, not the bullshit diversity, but real diversity from people of all different

1433
01:39:11,360 --> 01:39:13,320
types all over the world.

1434
01:39:13,320 --> 01:39:14,920
And I think that's a beautiful thing.

1435
01:39:14,920 --> 01:39:16,800
So it's spiritisatoshi.ai.

1436
01:39:16,800 --> 01:39:21,040
I'll link to that in the show notes as well because I think it's so many people should

1437
01:39:21,040 --> 01:39:22,640
definitely check out and keep an eye on.

1438
01:39:22,640 --> 01:39:26,040
I think it's going to be, I mean, just off the cuff, it's going to be an amazing tool

1439
01:39:26,040 --> 01:39:32,840
for education and to build into some of these curriculums that like me, Premier Bitcoin,

1440
01:39:32,840 --> 01:39:36,880
can be these various curriculums that if maybe you don't have the manpower, but you want

1441
01:39:36,880 --> 01:39:39,880
to implement a version of their curriculum in your local area.

1442
01:39:39,880 --> 01:39:44,640
Well, this is a great, you know, artificial assistant for you to be able to do that and

1443
01:39:44,640 --> 01:39:46,480
to be able to share some of that workload.

1444
01:39:46,480 --> 01:39:50,160
It's like, you know, like all AI, it's a tool, right?

1445
01:39:50,160 --> 01:39:51,640
It depends how you use it.

1446
01:39:51,640 --> 01:39:58,080
So building a Bitcoin centric tool that's based on this technology, I think is fantastic.

1447
01:39:58,080 --> 01:40:01,600
And the last question I'll ask you is, what are you reading right now?

1448
01:40:01,600 --> 01:40:04,960
A book that you're reading right now that you would recommend people check out or one

1449
01:40:04,960 --> 01:40:07,200
you've read recently?

1450
01:40:07,200 --> 01:40:14,000
So I don't do much reading anymore, other than a couple of specific blogs that are from

1451
01:40:14,000 --> 01:40:15,240
a guy called John Carter.

1452
01:40:15,240 --> 01:40:20,920
He's a NIM on Substack, one of the most incredible fucking writers out there, and down.

1453
01:40:20,920 --> 01:40:25,640
I can give you his Substack after we get off this call.

1454
01:40:25,640 --> 01:40:27,800
Postcards from Bassoon, I think.

1455
01:40:27,800 --> 01:40:31,640
B-A-R-S-Double-O, and I think that's our spot.

1456
01:40:31,640 --> 01:40:34,840
But he's a fucking fantastic thinker.

1457
01:40:34,840 --> 01:40:37,680
I'm on my way to Orange filling him.

1458
01:40:37,680 --> 01:40:44,840
And yes, so other than that, I'm spending more time on Audible these days, and I pretty

1459
01:40:44,840 --> 01:40:49,400
much exclusively do fiction or history.

1460
01:40:49,400 --> 01:40:54,440
And the author I mentioned earlier, Wilbur Smith and the Courtney series, I've been on

1461
01:40:54,440 --> 01:41:01,280
a rampage telling everybody to get on this, start with his first book, When the Lion Feeds.

1462
01:41:01,280 --> 01:41:07,160
It starts, it's set in the late 1800s, just before the Boor War.

1463
01:41:07,160 --> 01:41:08,520
And it is fucking fantastic.

1464
01:41:08,520 --> 01:41:12,880
It starts with the patriarch of the family, Sean Courtney.

1465
01:41:12,880 --> 01:41:16,160
And it's just something like it's a pleasure to listen to.

1466
01:41:16,160 --> 01:41:17,840
The narrator is incredible.

1467
01:41:17,840 --> 01:41:19,080
The story is incredible.

1468
01:41:19,080 --> 01:41:20,840
The messaging, like the whole lot.

1469
01:41:20,840 --> 01:41:25,680
And the first three books of that series will just suck you in and you want to...

1470
01:41:25,680 --> 01:41:30,800
I'm up to book 11, I think, in the role of about 30 hours to give you an idea.

1471
01:41:30,800 --> 01:41:33,760
So it's fantastic.

1472
01:41:33,760 --> 01:41:35,960
That's a pretty intense backlog.

1473
01:41:35,960 --> 01:41:38,440
Okay, well, good deal.

1474
01:41:38,440 --> 01:41:42,560
Well, Spetsy, I want to thank you for coming on today because Bitcoin is scarce like our

1475
01:41:42,560 --> 01:41:45,600
time, but Bitcoin podcasts are abundant.

1476
01:41:45,600 --> 01:41:50,440
So thank you for sharing your scarce time with me on another fucking Bitcoin podcast.

1477
01:41:50,440 --> 01:41:53,640
It's been a pleasure and can't wait to have you back on at some point in the future.

1478
01:41:53,640 --> 01:41:54,640
Thank you, my friend.

1479
01:41:54,640 --> 01:41:58,440
May I do one more shill, actually, just something that is coming out in December?

1480
01:41:58,440 --> 01:41:59,440
Yeah, why not?

1481
01:41:59,440 --> 01:42:00,440
Throw it on out.

1482
01:42:00,440 --> 01:42:01,440
It's Bitcoin times.

1483
01:42:01,440 --> 01:42:06,440
So the annual publication I run once a year, last year was the Austrian edition.

1484
01:42:06,440 --> 01:42:10,640
We had Safedin, Goldstein, Pierre Rashad, et cetera.

1485
01:42:10,640 --> 01:42:16,360
It's basically, it's an invitation only publication that I do once per annum.

1486
01:42:16,360 --> 01:42:20,920
And like it's six essays written by people that I think are the best in their particular

1487
01:42:20,920 --> 01:42:22,160
field.

1488
01:42:22,160 --> 01:42:23,800
And this year it's the energy edition.

1489
01:42:23,800 --> 01:42:33,280
So I've got Marty Bent, Jerome Strong, Brian Gitt, Gideon Powell, Andrew Myers, and myself.

1490
01:42:33,280 --> 01:42:37,200
And one of the pieces in there is obviously the Nietzschean piece that you and I kind of

1491
01:42:37,200 --> 01:42:39,480
touched on a little bit.

1492
01:42:39,480 --> 01:42:44,120
But this is done once a year and I print 2100 of each.

1493
01:42:44,120 --> 01:42:45,120
So they're a collectible.

1494
01:42:45,120 --> 01:42:47,560
They're super, super fucking high quality.

1495
01:42:47,560 --> 01:42:50,040
They're a heavy set print.

1496
01:42:50,040 --> 01:42:54,040
They're numbered on the back so that way you know what editions you've got is yours.

1497
01:42:54,040 --> 01:42:57,160
So it's kind of like the collectible meets Bitcoin literature.

1498
01:42:57,160 --> 01:43:00,480
It's something that, you know, speaking of low time preference, it's something that

1499
01:43:00,480 --> 01:43:05,480
you would buy and then hand down to your children, children, children, et cetera.

1500
01:43:05,480 --> 01:43:10,080
And we're going to do 21 editions over 21 years and 2100 of each printed.

1501
01:43:10,080 --> 01:43:14,200
So the energy edition is on pre-sale now.

1502
01:43:14,200 --> 01:43:20,080
And if you're listening to this and you want to get a copy, I'll give you 40,000 sets off

1503
01:43:20,080 --> 01:43:21,080
with the code energy.

1504
01:43:21,080 --> 01:43:23,800
So if you use that code, you save some sets.

1505
01:43:23,800 --> 01:43:26,840
That's an easy code to remember, energy for the energy issue.

1506
01:43:26,840 --> 01:43:28,320
No, I love it.

1507
01:43:28,320 --> 01:43:34,600
I appreciate you sending me the copy or the pre-print to get a look at because I really

1508
01:43:34,600 --> 01:43:38,240
enjoyed that piece and can't wait to check out the rest of it.

1509
01:43:38,240 --> 01:43:43,480
So, man, thank you for your time here today and I'm sure we'll chat again soon.

1510
01:43:43,480 --> 01:43:44,480
We will.