If you're listening right now, go ugly fucking early, man.
If you're new here, just start stacking your heart out.
Like get as much Bitcoin as you fucking can.
This thing is a runaway freight train,
and you're not gonna be able to catch it.
Like I bet, it's true for me, I bet it's true for Walker,
that like when we first got here,
I should have gone so much harder, and I did go hard,
but I didn't go as hard as I fucking should have.
I should have gone 10 times harder.
Become a crazy person.
If people in your life are not showing you active disdain,
you're not stacking hard enough.
If you're still invited to family Thanksgiving,
you're not stacking hard enough.
If people are not making fun of you
for brown bagging your lunch,
you're not stacking hard enough.
If your car is younger than Bitcoin,
you're not stacking hard enough, okay?
If you don't have a second job,
you're not stacking hard enough.
If you're just not stacking hard enough.
If nobody has called you a retard,
you're not stacking hard enough.
["The Big Bang"]
Greetings and salutations, my fellow plubs.
My name is Walker and this is The Bitcoin Podcast.
The Bitcoin time chain is 833159,
and the value of one Bitcoin is still one Bitcoin.
Today's episode is Bitcoin Talk,
where I talk with my guest about Bitcoin
and whatever else comes up.
Today, that guest needs no introduction.
It's the man, the myth, the meme, American Hodel.
It's a fucking great conversation,
and you're gonna enjoy it, so listen to it.
That's all I've gotta say by way of an introduction.
Before we dive in, if you like The Bitcoin Podcast,
please share an episode you find valuable
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if you're still using that.
I'm a one man show trying to build out
another fucking Bitcoin podcast,
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You can also support this show
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As always, you can watch the video version
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Lastly, if you are a Bitcoin only company interested
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hit me up on social media or through the website
bitcoinpodcast.net.
Without further ado,
let's get into this Bitcoin talk with American Hodel.
["Pomp and Circumstance"]
Dude, thanks for coming on.
What a, what a auspicious time to be doing this too.
I know, man, it's fucking, you know what though,
I'm gonna be honest with you, I'm not excited.
Like, I just feel like somebody stole my shit
and the cops gave me back most of it,
but they're still like some, I'm rifling through shit
and there's some things missing, you know what I mean?
That's how I feel.
Let's explore those feelings a little bit.
How does feeling like that make you feel?
You know, well, Walker, I think it all comes down
to when I was on the playground as a small child,
and I would look at the other small children,
I would say to myself, these people are fucking losers.
They don't own any Bitcoin, so, you know,
I'm the only base child here.
Man.
I can see how that would have been traumatic
as an early experience.
Also, that's probably gonna be the legitimate experience
of this first like generation B group of Bitcoiners
that are now like, you know, they're like little babies now.
Like, I got a little baby upstairs now.
He's a cool little dude, you know?
First one, and it's like wild.
Like that kid, I'm still trying to figure out like, huh,
how much like, you know, the whole like, don't tell anybody,
you know, if somebody asks you how much Bitcoin you have,
it's like, well, not enough, you know?
I think I'm probably gonna adopt that approach
with the kid too.
Like, listen, you know, daddy, how much Bitcoin do you have?
Like, well, not enough, son, never enough,
but doing my best to stack more.
I think when they're young, that's a good approach,
but as they get older, I'm very in favor of preparing children
for the responsibility of wealth.
So around when they're about 10 or 11,
you don't want like a six year old blabbing,
like blowing the offset on the playground.
But once they're old enough, mature enough to handle it,
then I think it's totally appropriate to like,
you know, this is a big responsibility
that is gonna be dropped on them one day, right?
No, absolutely.
Like, that's, you know, yeah, there's definitely
probably like a prime age,
because you don't want like little Timmy's dad
going and getting his wrench and being like,
I'm gonna go fuck up this guy.
But that's what guns are for, right?
So, you know, fucking Timmy's dad.
I had a proud moment, I had a proud moment the other day,
my daughters were fighting over,
I have a Bitcoin blanket in my office,
and they were fighting over who got to be
under the Bitcoin blanket.
And it was like, I want the Bitcoin,
I want the Bitcoin blanket.
And I was like, you know what?
I'm raising them right over here, you know?
That's beautiful, man, that's beautiful.
It's a, well, I was gonna ask you how old they are,
but I don't want to have doc city.
They're young.
Yeah, okay.
Yeah, yeah, yeah.
That's awesome though.
I'm a, our first one here, little Apollo,
and so far, you know, he's a joy, man.
It's like that blend of like, man,
you're fucking exhausted.
Yeah.
Like you're just really fucking happy.
And also you have this new fire under your ass
that's like, I need to fucking build
and build and build, but also, you know,
I want to build so that I can also be present.
So I want to build in a way that allows me to do that.
And that's the balance, right?
You're really not, you're really not a man
until either one of two things happens
or both things happen, which is your father dies
or you have, you know, children, right?
And until you have children,
you're kind of just a big child yourself.
And, you know, I'm sure you can experience,
like appreciate this as like a new parent,
but like me and my wife were talking about this the other day.
We were like, what the fuck did we even do before kids?
We would like sit around all day
and like we'd go to the gym in the morning.
Then we'd like play on our phones and be like, I'm bored.
What do you want to do?
You want to like get food or something?
Like you want to go to Chipotle?
Okay, cool.
Yeah, I'm so tired.
You know what I'm saying?
What do you mean?
What were we doing?
It was nothing.
No, it's so true.
It's like, you know, and not that every year of my life
is the best one yet, you know, cause I'm still alive
and that's beautiful.
And I've got an amazing wife
that I'm still not quite sure how I landed.
It's one of those things where it's just like, you know,
don't look a gift horse in the mouth.
Like don't fuck this up, man.
But then you're like, you're absolutely right.
Like it's only been a couple of months
and we're both just like, man, you know,
you hear about friends that are like, you know,
out doing whatever and you're like, you know,
that sounds fucking hollow and kind of point.
Yes.
Huh?
I'm really happy we're doing this
and have this little human now that is, you know,
joining our crew.
Like it's a, it's a powerful thing.
It puts things in perspective for you too.
Totally.
And it makes the whole Bitcoin thing like
way fucking important too.
Think about it.
Like think about all the war and famine and pestilence
and rape and murder and starvation and floods
and like fucking every slavery, everything that every one
of our ancestors had to go through
in order for you to be here now.
And for you to, you know, say, I'm going to reject
the blockchain of humanity so that I can focus
on hedonism and my own pleasures in these fleeting moments.
How could it feel anything other than hollow and empty?
Of course it's hollow and empty because it is, you know.
Like have you seen those videos like the,
the word dinks like dual income, no kids.
I hate that part of it.
First of all, like just calling it dink
is like so fucking funny.
It's like, okay.
Like you indeed, you are dinks.
But the other part is just like, you see the stuff
that they put in these videos and it's like,
we can, you know, go to Europe like on a whim.
And it's like, all right, cool.
You know, like we can eat whatever we want
and stay up late.
It's like, all right, well, I mean, I don't know.
Baby's not stopping me from eating
whatever the fuck I want.
But like whatever, okay, you do like all this stuff
that they're listing, you're like,
ah, you guys are like, there's a lot of cope involved.
And like, if that's genuinely what makes you happy, fine.
I don't give a fuck what you do.
Like freedom of choice, choose, live however you want.
But I can't imagine like the whole, like you said,
so many fucking ancestors went through genuine shit
for us to exist at this really unique place
in time and space where things are actually
pretty fucking good.
Like, yeah, there's a lot of fucked up shit in the world.
Always has been.
But overall things are pretty fucking great.
And you're like, yeah, I'm gonna honor my ancestors
by ending, you know, their ancestry.
Like we're just stopping here right with my generation,
no more.
And you know, the thing that whole like, well,
we're not having kids for the planet
is like the ultimate cope.
It's like, you really just wanted to somehow
get out of it so much that you're like, well,
if I don't have kids, the planet will be saved.
It's like, well, what's the fucking point of the planet
without sentient beings to experience it?
No, I'm on, dude, I couldn't be more with you.
I'm on Team People.
I'm a human supremacist.
If I see a robot, I kick it.
I have a robot vacuum.
I kick it every day.
I say, what's up, bitch?
Who's in charge?
Who's you master?
You know, just to let it know who's boss
for when they rise up.
But for me, it's just like, yeah, what is the planet
if it's not for people?
We're gonna leave it to ants.
Like who gives a shit what the ants
or the monkeys or the fucking zebras do?
No one, it's for us, the whole planet is us.
We have dominion over the whole fucking thing.
All right, like maybe that's too much Sunday school
from when I was little or whatever,
but like I still very firmly believe that.
We're gonna let porpoises run this planet.
No, that's not how things work.
Fucking manatees come in here.
I don't know.
Manatees seem like they would be kind of like,
they would be pretty high up on like that.
It's a weird, you know, it's a weird,
it's a weird pagan cult really.
It's like the atheists are actually,
they're not atheists, they're pagans.
And you know, basically it's like mother Gaia
is their new God.
And you know, it's like, that's a weird God to have man.
I mean, and these are the same Malthusians
who will say things like, you know,
I wish there was only 500 million people on the planet.
It's like, okay, in one breath,
you just made yourself the good person
because you like grass or something,
but you just talked about the murder of eight billion people
like it was nothing, fuck you.
We are not on the same team at all.
You know what I mean?
Like I don't understand how you can think this
in this manner, you know?
I think it's like this, it's ultimately like
just a huge projection of deep feelings of inadequacy
and hopelessness that you're like, well,
I thought like, it just comes in like,
I fucking hate my life.
And so you know what, you know,
I'm gonna make myself feel better a little bit
by trying to seem somehow above others
by saying that us humans, we are the problem with this planet
and we need to be, you know, eradicated
and brought down to whatever sustainable population levels.
And it's like, fucking A, like,
what do you think like the point of all of this is?
Like what do you, like, genuinely, what do you think?
Like, cause yeah, we are fucking animals too,
but like we're fucking highly intelligent animals
that have all the capacity to pass down knowledge.
There's two schools of thought, right?
There's an Arco Primitivism, which says,
we're going back to Georgia Guidestones,
500 million people, we're all gonna like, you know,
I don't know, ride bicycles instead of using combustion
engines or something.
And then there's Kardashev type one, type two, you know,
we're going up the Kardashev scale
and we're gonna have trillions of human beings
across infinite galaxies.
And I mean, of those two, which one is more pro-life?
Like, okay, think about it.
Like the one, the Malthusian one
where you reduce population, you're getting less,
yeah, sure, you're getting less negative things,
but you're also getting less of everything
that's amazing about humanity.
You know, you're less Mozart, Mozart's,
less Einstein's, less Beethoven's, you know, like,
whereas in the trillions of worlds example, like, you know,
you just have humans all over the whole galaxy
and into neighboring galaxies,
there are trillions of Einstein's,
there are trillions of Mozart's,
there are trillions of the people,
the spark of life that makes, you know,
I mean, listen, people say like, I love science
and they're like talking about like, you know,
I don't know, a picture of a Nebula
or something they saw on Facebook or whatever.
And it's like, I don't give a, two fucks about a Nebula.
Okay, the most interesting thing that exists is us.
We're the most interesting thing that exists.
There's nothing more interesting than we are, all right?
That's how it is.
Yeah, so like to just extinguish life
or treat it so cavalier or carelessly in this manner,
as if you know better because what, you're 130 IQ,
that's nothing, that's fucking nothing
compared to the mass of humanity.
It's like, I get it, you're smart, you're rich, you're whatever.
But that's not-
I mean, they're probably like a 125 IQ or like a 120
and they think they're like a 130, 35.
Yeah, I mean, they're mid-curve, let's be honest,
they're mid-curve.
Like that's, that is a mid-curve.
120 is the most annoying IQ range
because they know just enough to be fucking irritating,
but they don't have enough meta awareness
to know how irritating they are, you know?
It's like the worst.
It's like the consultant class of IQs.
And I say that as somebody who worked in consulting
for a little while, like that's like the consultant
class of IQs.
Like you just, you think you're, it's like,
like Dunning Kruger to the max at like the 120 IQ,
where you're like, you really think you're kind of
an expert on stuff, but you kind of have no fucking clue.
I've said it's like being a football coach, you know,
where it's like, you're just smart enough to win at football,
but just stupid enough to realize devoting your life
to football is retarded, you know?
It's like, great, you're great at football, man.
That's cool, good for you, dude.
Bill Belichick.
This feels like it might have been a personal attack
on Bill Belichick.
I like Bill Belichick, all right.
Sure, sure.
Whatever you say, man.
Oh man, well, like speaking of mid IQs,
and not that IQ should be, not that I'm judging anyone
for how their brain functions.
Again, I'm an equal opportunity,
well, how did I, I was gonna say equal opportunity,
hater, but I don't really hate,
hating's too much like, it takes too much energy and time,
it's just like a waste, right?
But I was thinking just of how much seething cope
there is right now as we start to see Bitcoin running up.
And like, I haven't been around very long with this.
Like for me, I didn't start stacking until 2020.
Like, so it's been, this is basically like,
I had kind of the beginning of that cycle,
like, you know, the nice flash crash down during COVID,
and then it starts running up, and it's like, wow,
this is wild, and this double top, and things are crazy.
And just then this long arduous,
what I, what felt like a long arduous bear market
of again, relentless stacking, because I was like, well,
this is like, I've got a chance here.
You know, I wasn't around in the early days, like this is,
you know, I'm just gonna work hard, keep my nose
to the grindstone and try to stack some sats.
But now things are getting, like,
there's this euphoric feeling again,
which I felt like I only got a glimpse of before.
But I, it feels more like, from my side anyway,
it's like, more of this like calm or zen than euphoria,
because it's kind of like, ah, okay,
things are happening as we sort of expected them to.
Okay, this feels good.
But then there's this whole other, like,
I'm genuinely worried about Peter Schiff's mental health.
Like, I don't know if he's going to make it,
like in multiple ways, but like,
I mean, you've been around for a few cycles now,
like you've seen the Cummings and the Go-ings.
What, like, do you have some advice for folks
that are like, maybe they just started stacking at,
58K last time, and now we've just blown right,
like we just skipped right over 58K basically, like,
what's the advice, like, what's the mentality
that you need to have to maintain sanity and composure?
I think the biggest advice that I could give,
having gone through it myself, is that
everybody wants you to lose, and everybody's against you.
And it doesn't matter how much loyalty you have to the person,
how close you think you are to the person.
I'm talking about very close friends and family.
I'm not talking about people on Twitter.
I'm talking about the people in your real life
who should be in your corner who you will find out quickly
are not in your corner.
Because what happens as you become successful is
your success holds a mirror up to those around you,
and you become a reminder of the risks
that they did not take.
And even if they were initially supportive of you
taking those risks, they were doing so
under the, you know, preconception
that you were going to lose, that you were about to lose.
They thought you were about to become lower status than them.
And then when you became higher status than them,
it doesn't feel good for them anymore,
especially if you were the guy or the girl
who was talking about Bitcoin, you know, incessantly
while it was at the lows.
So what I would say is like, expect the people
that are supposed to be happy for you,
not to be happy for you, and expect to find yourself alone.
Maybe that's not the best answer,
but that's the truth of what you're facing.
And then you have to say to yourself,
okay, I've built up a lot of dead wood around me
in terms of relationships for people
who I was loyal to who are now actively disloyal to me.
And now I have to deal with that.
That's the reality of what I have to deal with.
And how do I deal with all of this excess wood
I have around me?
Do I pick it up and carry it?
Do I carry the weight of everyone?
Do I sit here in inertia and just deal with it?
Or do I set the whole fucking thing ablaze?
And do I move forward without any baggage, right?
And like, you will come to that conclusion on your own
and what's appropriate for you.
Everybody's gonna have a different emotional answer,
but dude, they don't want us to win.
They don't want you to win.
They don't want me to win.
They want you to be a loser forever.
But now you're not.
Like now you're a winner.
And you have to deal with the consequences of winning.
Fuck man.
I mean, just speaking of wood like this price action,
well, wow, but I don't think that's the kind of wood
you were talking about.
But I think that's actually, that's pretty fair advice.
Like, I mean, nothing kind of gives you a window
into who your like true friends are
and who's actually with you to be your real friend,
like getting some modicum of success.
Like, especially I think, for a lot of us,
like we probably have a lot of friends in like Treadfy
and, you know, cause there's so many fucking people
in finance these days, right?
And that's particularly like this industry where
because they were and are still the experts
of their given domain, often they've been some
of the most reticent to, to heed the warnings of Bitcoiners,
whether that be online or like, you know,
your actual friends, I've got to hand it to a few of my boys
though who are like deep in Treadfy
and have genuinely like dug into Bitcoin big time.
After like many, you know, late night debates
over a lot of beers, they, you know, eventually were like,
okay, I'll look into this and like more power to them
because for a lot of those folks in that industry,
that's not the case.
And like you see this right now, like on Twitter,
you see all of these like whatever finance guru, savings,
expert, dividend pro guys who are like just losing
their minds right now as Bitcoin just does what Bitcoin does.
And I mean, it's got to be a little bit hard.
Like, man, I would, I would hate to be a financial advisor
right now who's been like, had clients asking
about Bitcoin and has been telling them like, no, no,
that's not a, not what I would recommend for a investment.
Right, right.
You know, get yourself some SPX and some, you know,
some nice cash producing, cash producing dividend stocks.
And that's that'll, that'll get just set up well.
And meanwhile, Bitcoin's just ripping like,
Yeah.
I don't know, there's a reckoning
that has to come, I think.
And yeah.
I was thinking about this is a little bit off topic from,
you know, it's,
Go anything and jump.
I was thinking about MSTR today and essentially like,
why MSTR is pumping so hard recently.
And then I was thinking about the flywheel that happens
when sailor gets into the S&P 500.
So like sailor gets into the S&P 500.
And all of this dumb money, this fiat money that's just
zombified, these passive flows that are walking
into index portfolios are now buying up SPY or whatever.
And that money is going directly into sailor's hands
in the form of share price.
And he could do a dilution against it to capture the spread
between that and hard money.
So he takes the zombified dumb money that's walking in,
he transfers it into hard money.
The long-term holders of MSTR like myself have been holding
it since he announced, they basically come, you know,
they understand that this is like an Amazon no profit
for 20 years model.
And that we're going to all get more Bitcoin per share
as we go along.
If we just let sailor continue to do this
and zombie attack the passive flows.
How, if you're from the Treadfy world and you don't have
the Bitcoin lens that me and you have,
how are you going to see that?
Because I can see that and it's obvious to me,
how are you going to see that?
Because you're still, your denominator is still USD.
You're still not thinking in Bitcoin.
I've said this before, but Bitcoin is like a language.
It's like a, you know, language is an OS for the human mind.
You have a new baby at home, right?
And as that baby gets older, that baby is going to learn
a new language and language is an unlock for the environment.
And you know, they're going to realize they can say,
dad, that ball, and then you bring them a ball, you know,
you, they can say, dad, out food, whatever,
and you bring them food, right?
Whereas when you take them into like a store
for the first time at Target or something,
they're going to learn that all the things
that they want there cost money.
And then they start to learn a second language
and that's the language of money.
So Bitcoin's an OS for the human mind.
It's an operating system upgrade in terms of the language
of money and people that have this operating system upgrade,
they're thinking in this language
and speaking this language to each other.
They're vastly outperforming people who have the old,
you know, just standard USD language, right?
So like how long does it take for the world to upgrade
and figure out that that's what's actually going on?
Because to me, somebody who can,
who's bilingual in both of these languages,
I can see things immediately that are not,
you know, eminently clear to others.
And that's the opportunity, by the way.
No, it's, I mean, it really is amazing.
I think what's most incredible about this,
the whole sailor saga, like first of all,
that like, you know, some of those,
his older tweets resurfaced, you know,
from like whatever, like 2013 or 2014, when he was like,
I think Bitcoin's like going, you know,
like this is its last hurrah or something.
And honestly, more power and respect to him
for coming from that point of view
than deciding I'm going to fucking educate myself.
And then I think, you know,
going deeper down the rabbit hole
than many thought it was humanly possible to do.
And now being just taking it to the extreme
and saying, well, I'm going to use the instruments
of this broken fiat system to acquire as much Bitcoin
as I can and make my company incredibly valuable
by doing so.
And I'm going to do it all by the book.
And I'm also going to tell everybody every step of the way,
I'm not trying to do this behind the scenes.
I'm doing it out in the open.
And like, here's my playbook, you can copy it.
Yeah.
And still now we just don't see
to really any copycats that are outside of the Bitcoin industry.
MSTR is the one and done.
We were talking about this the other day.
It's like, first of all,
I don't think he's really speculative
of attacking the dollar the same way
people have been saying he is.
I think he's speculative of attacking the US stock market
and the passive flows.
I think that's what he's doing, which is fucking genius.
And you know, it finally clicked for me
like a few years later.
But think about it, if you're,
let's say you're like one of these zombie companies,
like MSTR was nothing.
None of us had ever heard of it.
We didn't know what it was.
MSTR was nothing.
None of us had ever heard of it
before Michael Saylor announced that he bought Bitcoin.
So it was basically a zombie company,
like a GameStop or an AMC or something, right?
So let's say you're another one of these zombie companies
and you take the MSTR model
and you try and take your free cash flows into Bitcoin.
What are you gonna get your hands on?
2,000 Bitcoin maybe?
How does that compare to Michael Saylor's 200,000 Bitcoin?
Like, no, you're not gonna be able to catch him.
This is a one and done.
He's about to make it into the S&P 500
where he can perform the vampire attack
of all vampire attacks on the passive flows.
I mean, dude, it's like, it's game over.
It's gonna be one of the most pop,
watching that stock climates way up the S&P 500 chart
into being one of the five most valuable companies
in the world and potentially the most valuable company
in the world is going to be one of the craziest things
we've ever witnessed.
And it's gonna rewrite everybody's perception
of what is going on, you know?
And so I'm not saying you should be 100% MSTR allocator
or something, I'm not.
But maybe you have a little bit
in your retirement account or whatever.
And also it's the story.
It's the story of the world's,
potentially the world's most profitable company
in the future will be a company that just holds Bitcoin.
That will destroy people's minds, you know?
It really is incredible too.
And the fact that he's also,
because you're right, I did not,
didn't know what MicroStrategy was or did
until he started accumulating Bitcoin.
And it's like you look at, okay,
like enterprise software and say, okay,
whatever, but now he's like, okay,
we're also gonna build,
we're gonna build out solutions on Bitcoin and Lightning.
And we're gonna take a little bit of our workforce
and dedicate their time to that
as we're accumulating the hardest money
that humans have ever discovered.
Yep.
And so they've got such a,
I think you're right in the one off,
because I mean, unless,
unless like Google or Apple or one of these, you know,
giants decides like, okay, we're gonna, you know,
we're gonna put $20 billion into Bitcoin.
But I just, I have a hard time seeing them doing that.
I just, I think it's outside of their playbook.
That's just not something that like,
that they have the capacity or the willpower to do.
And he, Michael Saylor is gonna go down like,
that is gonna be the case study of all case studies.
Like look what this company did
and look how it affected their performance.
And like, good on you if you were holding some
because you were getting a little bit
of extra kickback on top of Bitcoin.
Because now, I mean, that's the beauty of it.
People are like, oh, well, you know,
he's gonna dilute the shares more, you know,
to buy more Bitcoin.
It's like, yeah, to buy more Bitcoin,
to give you a higher amount of Bitcoin per share
than you had before.
That's really the only number that matters there is,
doesn't matter how many shares he issues,
do you have more or less Bitcoin per share?
That's what it comes down to.
Like that's the value prop basically,
in addition to having a profitable business on the side.
Like, so it's honestly a beautiful thing.
Like, you know, I don't have a lot of stocks.
I've gone fairly deep into Bitcoin,
but MicroStrategy is one of the few that I do
because that's something that I can actually
sink my teeth into.
And yeah, it's fucking beautiful to watch it though.
To watch just these brains melt too, seeing it happen.
He's a one-off in terms of companies.
And we are a one-off in terms,
we're talking about ancestry,
like think of the long, the blockchain of humanity
that you exist at.
Well, by luck or by happenstance or by divine provenance,
like you are at the cornerstone of the changing of money
from analog to digital.
That's a big fucking deal.
It's a big deal because really Fiat to me is a blip.
It's nothing, it's an error code.
Like Fiat is running on the fumes of the gold standard.
Really, humanity has two monies.
It has gold for 5,000 years,
and then it has Bitcoin, digital gold for the next 5,000 years.
And by sheer dumb luck or by, you know what I mean, divinity,
we happen to be at the precipice of this changeover
and nobody knows that it's happening
except for the people that are here.
And the number one question that every millennials' grandchildren
are gonna ask them is, why didn't you buy Bitcoin?
What were you doing?
How did you not see this?
But of course they won't be able to see it
because it's only the crazy people like us who can see it,
you know, for now.
Eventually maybe like after this bull run gets going
and it's a million dollars a coin
and MicroStrategy is one of those profitable companies
in the world and blah, blah, blah, blah, blah.
It becomes really hard to ignore it at that point.
Like I think I just read on Twitter at $200,000 of Bitcoin,
Bitcoin is more profitable than every company in the S&P 500.
Like Bitcoin has a higher market cap
than every company in the S&P 500.
So Bitcoin outweighs Apple Computer,
Saudi Aramco, Exxon, Coca-Cola, et cetera.
You can't ignore that.
It's impossible, you know?
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And I mean, that's the thing.
We've got this confluence of factors right now
where you have just these four year cycles,
these having cycles that are gonna happen no matter what
and we can look back at the fairly short history of Bitcoin
and see what has happened in the past
and know that if we just take
the most fucking basic economics ever,
which is supply and demand,
that we've got an ever-increasing demand
and a finite supply,
which is exponentially decreasing in new issuance
every four years until it's completely zero.
And that's happening no matter what, right?
But then on top of that,
you've got the fact that, well, fuck,
we've got these ETFs now,
which like them or not, whether you view them,
as Bitcoin is the Trojan horse into Wall Street
through these ETFs or vice versa,
Wall Street is Trojan horsing their way into Bitcoin
through the ETFs, whatever.
It's just a huge fucking amount of money
that's flowing in now.
Right.
And that is on top of all the fucking psychopathic stackers
who are just DC, daily DCAing,
little bit every day and just have said it and forget it
and that's gonna keep on happening
and then they've smashed by when they feel like it.
This is my, I'm giving away my secret strategy here
of DCA a little bit of money and then smashed by
when I'm feeling frisky.
But like all of that just keeps accumulating
and the having's coming up now.
And the funny thing is that like,
I've only gotten like one reach out from Normiland so far.
Same.
Okay.
I've had one.
I was gonna ask you.
So it feels like we're just, we're not even at,
this isn't even hype yet.
Like this is still just like before people realize
there's hype and once that starts happening, it's like,
man, the Bitcoin new supply issuance is getting cut in half
no matter what and nobody's gonna stop that.
And there's only gonna be a few Bitcoin coming out
every day and boy, things are gonna get really fucking wild.
Plus we've got this, you know, global election year.
I think it's like 50 different countries are having elections.
So everybody's gonna be, all the central bankers
are under pressure to like ease up monetary conditions.
Because I think what people also forget is like this past
what year and a half or so,
we've had the greatest monetary tightening,
like relatively speaking, pretty much in fiat history.
Like the M2 went down.
Like it, this is, we shrank the amount of money
in the system, we pulled liquidity out.
And during that time, Bitcoin's also ripping
in petrodollar value.
So what happens when they start warming those printers
back up again and things start,
like it's gonna get fucking nuts.
And I don't think it's gonna get crazy.
It's hilarious that like everybody told me
that can't happen with Bitcoin.
Bitcoin can't go up in a high rate environment.
It's like, well, here we are stupid.
How do you feel now?
Do you feel dumb?
You look dumb, you know?
Come on, man.
I mean, Bitcoin is a host unto itself.
Okay, you trying to slot Bitcoin.
Bitcoin is alien technology.
You trying to slot Bitcoin into your stupid worldview?
It doesn't exist in your stupid worldview.
It is larger than your frame of reference, all right?
So like anytime you think you know
what the fuck is about to happen here,
you don't know shit.
None of us know shit.
And the best thing you can do is humble yourself, right?
You gotta stay humble, Stacksats.
And you know what I mean?
It's like, dude, it's frustrating to do.
So frustrating.
I'm thinking of like three people in specific
to just annoy the shit out of me.
Everybody's so wildly confident
about what's gonna happen here.
And it's like, you know, like one thing we were talking about
is like all the time high before the happening, right?
That's never happened before.
We were talking about this during the bear market
when we was at 15K.
Because what do Bitcoiners know?
The number one thing that Bitcoin is gonna do
is the thing that it's never fucking done before, right?
And what has it never done before?
All the time high before the happen.
We're about to do it.
We're not there yet, but like it's coming soon.
Everybody can see it.
So I mean, yeah, just,
you gotta have an extreme amount of humility
to fucking play this game, man.
You can't think that you know how the world works.
Because the world works differently now.
I think one of the mistakes I made
originally with Bitcoin was thinking,
yeah, Bitcoin's gonna go to a million dollars
or Bitcoin's gonna go to 10 million dollars or whatever.
And that the world would be the same.
Just with Bitcoin at a million dollars.
And then, you know, I've been here almost 10 years now
and I look back and I think,
God damn it, the world is so fucking different.
It's so crazy how much the world has shifted
in only 10 years.
And it's gonna shift even harder the next 10 likely.
Like it feels like we're in some sort of early 1900s era
where like, you know, the aristocrats still have control
of like the legacy institutions,
but technology is at the gates.
And all you need is like the powder keg of World War I
to set off this wave of, you know,
enlightenment across Europe and like,
yeah, that's where we're at right now
across the entire world.
And the times there are changing, you know what I mean?
It's like digital transformation is so rapid and so,
yeah, just it's earth shaking.
It's earth shattering.
So for you to think, you know what's gonna happen
because you have an econ degree, fuck off.
You don't know shit, you know?
Nobody does.
Yeah, it's, I don't know.
It's, I think humans are generally really bad
at anticipating rate of change.
Like we can often see that a change is coming,
but we are even the best among us are very poor judges
of how quickly that change happens
and how quickly it propagates.
And those changes are typically technology driven
as you were kind of getting at.
Like these technology is what drives these revolutions
because it's, it forces change on people
who were not going to make those changes voluntarily.
And usually those people are the old guard,
the entrenched power structures.
And it allows for a new class to emerge
who is open to these changes
because they say, well, you know what?
This current fucking system kind of sucks
for the majority of people and I don't really like it.
So we're gonna do something different.
And yeah, I'm gonna profit off it
because I'm seeing it before these old farts do.
And like this is, you know, this just keeps on happening
and it's gonna be really,
I always struggle with the idea of like, you know,
people talk about like hyperbit quantization
and what that looks like and when it's gonna happen.
And people thinking, you know,
like the world will be on this Bitcoin standard,
like, you know, within, you know, 10 years, 20 years,
whatever it might be.
I struggle with the timelines for those,
but then I have to check myself and say,
well, you know what, Walker,
you're probably pretty fucking bad
at guessing how quickly things could change.
Like that's the thing.
And I see, I'm very interested
by what different sovereign nations are doing
with regard to Bitcoin.
Like I was talking with with Samson about this
because he's like very tapped into that.
You see, you know, all these speculations about like,
okay, is Oman now the gonna be the big sovereign buyer
of Bitcoin because they were in Madeira
and they were in El Salvador before that.
And like, well, it looks like it.
But like, I'm curious what your thoughts are
on how this game theory of sovereign nations realizing,
mm, fuck, maybe it's a good idea
to get some of this Bitcoin thing
in case it catches on, like how that starts playing out
because like right now the US government is sitting
on like a micro strategy size or no, they have,
wait, the US government has like,
I think what, 200,000 Bitcoin, something like that
that they've seized between Bitfinex,
the Bitfinex hack and a couple other things.
I think it's something like that.
I think most of it is not
in their possession anymore though, isn't it?
Okay. I don't know.
I'm not up to date on this,
but usually they get rid of it pretty quickly.
I think that they've brought in,
I'll have to double check this,
but I'm pretty sure they brought in a bunch more,
like took it out of the hackers,
like, you know, wallets and are now in possession of it.
And they're probably debating right now, like,
because I think it's the US Marshall service
who's in control of that for whatever reason.
Like, what do we do with all this Bitcoin?
And it's like, well, boy, you should really just,
just really just hold the fuck onto that.
And probably print is talking with Pierre Roussard.
And he was like, why is the US government
not just printing dollars to buy Bitcoin?
There's, it'd be ridiculous to sell Bitcoin for dollars
when they can just create them for free.
Like that's just stupid.
But what are you, I don't know, what's your take on that?
Well, how do you, what are you looking for
amongst these sovereigns?
Like, do you think we're going to start
to see this scramble this year?
Is there going to be like a big coming out
of the woodwork of sovereigns being like,
you know what, actually we're super pro Bitcoin,
Bitcoiners move here, bring us, you know,
bring your money here, spend your money here.
And we are super Bitcoin friendly
and we're buying Bitcoin because
fiat's a melting ice cube and we realize that now.
I don't know.
I would imagine that the sovereign wealth funds
will be taking large positions this time around,
especially since it's now an institutional grade asset.
Right.
You also have to consider the fact that like,
why does the US still have gold in Fort Knox?
You know, we haven't been on the gold standard since 1971
when Nixon closed the gold window.
So why do we still have gold in Fort Knox?
The reason is because they're,
why is China stacking gold?
Why is Russia stacking gold?
The reason is because in the event of a monetary reset
under a shadow gold standard, which is the fiat standard,
if there was to be, you know, a sit down at a table,
the amount of gold that you hold is going to define
who you are and what your size is in the new world order.
And I think the same thing is true of Bitcoin,
especially as Bitcoin demonetizes gold.
So at some point in this, I believe,
listen, this is bullish, but I believe
that we're going to decapitate gold this cycle.
I think that's going to happen, right?
We're going to fucking cut the head off gold,
cha-cha, and be like, who's next?
The Euro?
You want some?
You know what I mean?
That's what we're headed.
And once we demonetize gold,
you now have to look at your gold in Fort Knox
or wherever it's kept in China and say,
is this still the insurance policy I thought it was?
And if the answer is no,
then you have to have its replacement
as the new insurance policy,
or at least in tandem to the old insurance policy.
So that's what I believe is happening game theoretically.
And which nations are stacking?
Who's doing what?
I don't know, it's so opaque.
We won't know until we know, right?
But I mean, the El Salvador,
El Salvador is going to get some company shortly here,
I believe.
Yeah.
Now it's a gold, I almost feel bad,
because silver just got decapitated today, right?
That was officially,
silver has been used as money for thousands
and thousands of years.
It died as a money a little bit before gold,
gold killed silver,
and then now Bitcoin has overtaken that market cap.
I don't know, I've seen recently some big silver bulls
on Twitter, which I just don't understand.
I don't understand anyone who's like,
yeah, silver is the,
that's where you should put your money these days.
I'm like, are you fucking stupid?
Like I just, okay.
The answer is yes, they are stupid.
Fuck.
Extremely stupid.
It's my-
I was talking to a friend about,
he was telling me, I was saying,
you know, holding Bitcoin is so hard emotionally
and blah, blah, blah.
And he was saying, I think, I think gold,
I think holding gold is just as hard emotional.
I was like, no, and I'll tell you why.
It's because when you hold Bitcoin,
you go from being a winner to a loser,
to a winner, to a loser, to a winner, to a loser.
That's emotionally difficult because you're going
to have a high status, low status, high status, low status.
Okay.
When you invest in gold, you're just a loser.
And it's just all low status down here.
So you never have the high of like, oh my God,
this is amazing.
No, every day you just wake up and be like,
this sucks, I'm a loser.
I buried all my money in the backyard, you know?
Yeah, this, we've just broken into the psyche
of Peter Schiff right there.
Like that's-
Yeah, exactly.
I mean, I guess that's why he sells it probably
and isn't holding as much of it, but I don't know.
I'm very optimistic about the future because of Bitcoin.
And I think this is the case for many Bitcoiners.
And it's kind of this like really refreshing thing
because when you spend more, the more time you spend
around Bitcoiners, the more time you spend learning
about Bitcoin, and even, you know, not just Bitcoin,
Twitter, but like Nostra now, like that is this like
a wonderful positive place where people are actively
building these solutions just day in and day out
that are like making people's lives better
by giving us more freedom and more moving along
that sovereignty curve.
And then you find your way back to like normie Twitter
occasionally or like, you know, the part of Twitter
that's like still masking.
That's like, I just got my ninth booster
and I was triple masked and I somehow got COVID
and you're like, there are still people like this
out there, holy shit, okay.
Like sometimes you find your way back into the different
normie bubbles and you're like, oh fuck,
we are really so early still because there's like people
are like mentally unwell across a lot of the world.
And they're just still really broken by the last time.
Like I think COVID broke a lot of people,
like really, really broke them mentally.
And there's no coming back from that for a lot of people.
And I have a feeling that the governments of the world
not necessarily colluding together in any way,
but just because they're gonna do what they each wanna do
in a kind of totalitarian minded way,
there's gonna be some new big threat, right?
There's always a new threat, there's always a new crisis.
And these wars that we have raging on multiple fronts
that are proxies for America's military industrial complex,
I don't think they're quite getting the crisis mode activated
that those who are orchestrating them wanted to see.
And so I feel like we're due for another large crisis of sorts.
And that is, I guess I would be more worried about that
if I wasn't aware of all the great tools
that are being built.
Cause you know that what's gonna come hand in hand with that
is the same thing that did during COVID,
which is everything that doesn't fit the narrative
is misinformation or disinformation
or not correctly contextualized information
or however they wanna say it.
And they're gonna try to shut down
these channels of communication again.
And they're probably gonna invent new FUD vectors for Bitcoin.
So what I wanted to ask you about
is what do you see as the next kind of big FUD attack vector
for Bitcoin?
Cause I think the criminal narrative is kind of dying out.
Like there's just too much evidence to show that like,
look, you're fucking lying.
It's a tiny, tiny, tiny little portion of the network
and the US dollar is the chosen currency of criminals.
Like, okay, shut up.
The burning the planet thing.
It's like, look, there's now too much evidence
that Bitcoin is actually gonna be a net positive
for grid stability and for methane capture
and for building out renewable infrastructure.
Like, so like, but they gotta find something else.
So like, what do you think we're gonna evolve in terms of
what's this next FUD cycle gonna look like?
Oh, I mean, I think, you know, it's very obvious
that inequality is gonna be a popular rallying cry
for the, you know, Bitcoin wealth, which is like, you know,
these guys, they fucking, all they did was buy digital coins
and sit on their ass and fucking,
they were so rude and mean the whole time.
And they just shot spitballs from the back of the client.
And it's like, they don't, you know, like I said earlier,
everybody wants to see you lose.
Nobody wants to see you win.
So anything they can use to try and, you know,
expropriate wealth from you, they're going to use
and it wouldn't surprise me to see potentially, you know,
I mean, just all manner of things.
Like, like one thing would be,
this isn't attack vector as well as the ETFs, I think.
And the reason why is because once you have a light kind,
you know, ETF structure,
you can then put Bitcoin into an ETF structure
without creating a taxable event
and you will have the ability to margin against it,
which is incredibly, I mean,
if you want to talk about a carrot and stick approach,
the stick is if you have raw Bitcoin, spot Bitcoin,
we're going to audit the fuck out of you
and we're going to make you responsible
for these new fat foot guidelines.
Okay, that's the stick.
The carrot is if you put your money
in the nice, safe, friendly ETF,
you can margin against it
and you can run the buy, borrow, die strategy
like Michael Saylor talks about
and you can buy your nice house
and do your nice things and have a nice life.
Oh, and we've just created the world's largest honeypot
for Bitcoin that we now control
and can nationalize whenever we feel like it.
So, which way, Western man,
like which way are you going to go, you know?
I could see them doing some sort of like a windfall,
you know, like the idea of the windfall tax
or like a wealth tax, specific Bitcoin.
Just for Bitcoin.
Carbon credit tax could be a thing specific to Bitcoin,
you know?
I think the carbon credit one is going to be harder
to push through because there's just too much evidence
that like Bitcoin actually has a net positive effect
in terms of like the data is not in their favor there,
but a windfall tax is something that they can,
that's not, data has nothing to do with it.
That's just a motion, right?
It's just saying, like you said,
look at these, these Bitcoiners.
Yeah.
Oh, they don't deserve it.
Aren't you mad at them?
They didn't earn it, you know, all that shit, you know?
Yeah.
Only those of us who've been here,
yeah, only those of us who've been here know
how emotionally difficult, how, you know,
financially difficult, how risky, how just painful it was
to go through this for long stretches of time.
But at the end of the day, nobody will care about that.
And they'll just see you as some rich guy
who they can steal from, you know?
Yeah, fuck.
It's, I mean, the attack factor has to be emotional, right?
It has to be something that they can,
they can pull at and say, put up the other,
you know, the new-vo-wealth other and say, look it,
look it, they don't deserve that.
All they did was just hold this money.
And you've been holding this money
that's been losing value.
And it's our fault, but don't pay no attention to that,
you know, and...
It's even worse for us than tech backlash was
because at least the tech guys could say, you know,
look at you guys, you all use Facebook,
and you all use Google, and you all use the iPhone,
and you all use these things that we created, right?
And so, you know, it's like, okay, yeah,
there's an argument to be made that like, yeah,
you deserve some money for that,
because we are all using these things,
we're getting some value out of them or whatever.
But with Bitcoin, like, there are gonna be people
that have Bitcoin and people that don't have Bitcoin,
and people that don't have Bitcoin,
but there's only 21 million Bitcoin, right?
Which is great for you if you hold Bitcoin,
but really shitty if you don't hold Bitcoin.
Yeah, I mean, it is a hardcore enforcement mechanism,
filtering mechanism for, you know,
the 21 million cap is God's way of determining
who is smart and who is poor.
Yeah, that's right.
I mean, so people are gonna be upset and fuck them.
You know what I mean?
You weren't here.
Why do you think you deserve anything?
You don't deserve what we have.
You know, and we are still, we are still early in this.
You know, there is still a chance
you listening to this out there,
if there's somebody listening to this right now
and you stumbled upon this podcast, the Bitcoin podcast,
AKA TITCOIN, AKA another fucking Bitcoin podcast,
because I've put Bitcoin podcast so many times
in the website and everything,
and just the SEO worked perfectly,
and you found your way here and you're listening to this,
and you don't have any Bitcoin yet.
What is your message to that person?
Like, what do you wish you would have heard?
And now, obviously, 10 years ago,
it was a completely different,
well, it was the same Bitcoin,
but completely different potential risk versus reward,
a much higher spread there, right?
Like a lot more risk, a lot more reward.
Now that's sort of reaching a nice,
a more palatable level for people.
So like, what is your, you know,
if you're talking to a friend
or you're talking to the pre-coiner
who is listening to this show,
what do you say to them to invite them
into the Bitcoin fold?
Yeah, you know.
Yeah, yeah.
So I have a friend who's a Green Beret,
and he's talked to me at length about
disastrousness preparing, you know,
and just being ready in the event,
things go haywire.
Green Beret is also trained in asymmetric warfare, right?
So, yeah, and there's CIA backed assets,
so like this guy, very smart, knows a lot of things.
And he basically told me this phrase,
which is go ugly early, okay?
So the first minute you hear about Bitcoin
and you get that sort of thought in your head
that says maybe I should do something about this,
that's the time to start packing your lunch,
eating rice and beans, selling your car,
buying as much Bitcoin as you can possibly
get your fucking hands on.
You know what I mean?
Taking extra jobs, driving Uber,
doing whatever it fucking takes
to get your hands on as much Bitcoin as you can.
I think it's important to act with haste early on,
like extremely early.
Do not wait, do not tiptoe your way in,
like go balls deep, okay?
When you look at lump sum versus dollar cost averaging,
lump sum outperforms dollar cost averaging,
95% of the time, right?
There's only 5% of the time when it's a bad idea
to lump sum and usually those come around
really frothy times in the Bitcoin market.
So today it's March 4th, my advice is still good today, okay?
If it's March 4th, 2025 and the price is $300,000,
maybe my advice is no good and you should wait a while.
But I think right now, if you're listening right now,
March 4th, 2024, go ugly fucking early, man.
If you're new here, just start stacking your heart out,
like get as much Bitcoin as you fucking can.
This thing is a runaway freight train
and you're not gonna be able to catch it.
Like I bet, it's true for me, I bet it's true for Walker,
that like when we first got here,
I should've gone so much harder and I did go hard,
but I didn't go as hard as I fucking should've.
I should've gone 10 times harder.
Become a crazy person.
If people in your life are not showing you active disdain,
you're not stacking hard enough.
If you're still invited to family Thanksgiving,
you're not stacking hard enough.
If people are not making fun of you
for brown bagging your lunch,
you're not stacking hard enough.
If your car is younger than Bitcoin,
you're not stacking hard enough, okay?
If you don't have a second job,
you're not stacking hard enough.
If you're just not stacking hard enough,
if nobody has called you a retard,
you're not stacking hard enough.
You know what I mean?
You know, it's good advice and you're absolutely right,
because I wish I was already what I thought was going hard
and then I realized that that was not
and I could've been so much more aggressive
and I think we're still at this very interesting
in this limbo period right now, I think,
where right now, like okay,
especially if you're a younger person,
if you are under the age of 45,
let's say, I don't know, that's just an arbitrary,
if you are not a boomer, let's say,
I'll just, no offense boomers,
but I'm just gonna put the line right there.
If you're not a boomer and you have watched the boomer class
accumulate an obscene amount of wealth
because they lived through the easiest money,
fiat expansionary time in history
and you could be dumb as a box of fucking rocks
and get rich and you feel that that fucking
kind of sucks for you because you missed out on that
and maybe you came into the workforce
right after fucking 08 or something
or maybe you were born in the year 2000
and you're 24 now, which is just wild to think about,
but maybe you're 24 and you're thinking,
how am I ever gonna to get ahead and to catch up?
Right now, you still have that opportunity
because right now, the boomer class,
if they've got, let's say they wanna make a million dollar
smash buy of Bitcoin,
they can buy a million dollars of Bitcoin right now,
that will give them more Bitcoin than like 99%
of the 80 IQ plebs on Bitcoin Twitter.
Just, and they'll just have it
and they'll appreciate all of this incredible upside
that we're about to have.
And that kind of seems like, it's like, damn, okay,
that's a little rough, like these boomers can just out,
outbid the rest of us plebs still,
but that's not gonna last for long.
There will be a point soon where those multimillionaire boomers,
even if they smash buy a million dollars,
that's not gonna get them very much Bitcoin anymore.
You can get a lot of Bitcoin right now
for a lot less than a million dollars.
And you can do that a few sats at a time,
but there will come a point where in like,
you doesn't matter if you've got a few million dollars
that are just, I don't know, sitting to burn from,
because you just sold your eighth vacation house,
that's not gonna get you very much Bitcoin.
And that time is coming soon.
And so that's the way I've been trying to think about it
and frame it lately, because there is gonna be a massive
wealth transfer that happens.
And some of it's already happening,
but there's still a little bit of a grace period where,
I mean, if you heck, if you're a boomer listening to this
and you've got a million dollars lying around,
you might wanna get on it because you're gonna start getting,
even you will get priced out of cheap sats pretty soon.
But we're still at this sweet spot time, I think.
Like we're still at a rounding error level, I think,
which is kind of wild to think about.
I said this the other day, and I think it's an interesting
way to frame it, which is, when I first started buying
Bitcoin, it was Christmas of 2014.
The price was around $200 a Bitcoin.
And nowadays, the price could have moved $200 a hundred
times while we were having this conversation,
and it didn't affect me at all.
Like I don't even think about it.
When I see it move 200 bucks, it's neither here nor there.
And at $67,000 right now, like Bitcoin seems expensive,
but when Bitcoin moves up two orders of magnitude,
do you really believe it's gonna seem expensive to you
when you look at your portfolio?
Let's say you have a single Bitcoin,
and the difference is 2.62 million versus 2.68 million.
No, you're just gonna look at it and see 2.6.
Still doing good, still 2.6, right?
That's how you're gonna think.
I know that's hard to wrap your mind around now,
but that's the future that set it for you.
And I know that future because I've lived it, okay?
I'm from the future, god damn it, no.
It's like, I lived that over the last 10 years,
and it's been weird, yeah.
It's always weird when your wealth moves up two orders,
three orders of magnitude, strange.
Yeah, these, I mean, everything is relative, right?
And it seems, again, I suppose if you're just dipping
your toes in now, I think the Bitcoin class
that has just been hardened by this last bear market
is gonna be pretty resilient because you've got,
I don't know how it felt compared to previous ones.
Again, this was my first bear market,
and maybe I'm just thinking that this class of Bitcoiners
is somehow special.
But boy, it felt fairly brutal at times.
Like when it was getting down into the depths of 16K,
and people were like, well, could go lower,
could go to 12, could go to 10, could go to five.
But it didn't.
And then it just slowly, not actually not even that slowly,
it just started chugging along, chugging up.
And like it's wild how that just changes your perspective
on things.
I think like Bitcoin in general is such a,
well, it's an ego killer, and it's a perspective,
like it's a psychedelic drug for your perspective
because it is going to completely reshape
how you think about time, how you think about money,
and how you think about, I guess, just
what it means to actually save for your future.
I think that this millennial Gen Z generation
has grown up thinking there's just no way you can get ahead.
So like, what's the fucking point of saving for your future?
We've been gifted this beautiful fucking piece
of monetary technology when we happen to be alive
and young and agile enough of mind to take advantage of it.
Like shame on us if we do not because like you said earlier,
it's like, wow, here we are, all our ancestors,
fucking and fighting and killing and dying
throughout all of history.
And here we sit today,
talking across these crazy internet computer screens,
and we've got this magic internet money.
And we just have to be open to learn about it.
And I don't know, I hope, I'm curious to see
what Gen Z's role in this ends up being,
if they don't have the most purchasing power now,
but they're going to, especially if they stack Bitcoin,
and that's gonna also change a lot of the,
how much of the woke mind virus,
if you wanna call it that,
is just comes down to our money breaks down,
our society breaks down, our morals break down,
our time preference gets higher, higher, higher,
and everything goes to shit from that.
Like I'm curious to see the shifts we see in society
and in people when more and more start having
their perspective shifted by Bitcoin.
Yeah, 100%.
I also think that, people say,
it used to be more popular in like 2015, 2016 to say,
what's Bitcoin's killer app?
I don't see it, I don't get it.
What's the killer app?
It's like, the killer app is getting fucking rich.
Are you stupid?
That's the killer app.
What is the one thing everybody wants?
A more prosperous life, okay?
And so like to me, the interesting unlock is,
Bitcoin is going to free the vast majority of hodlers
of their time constraints,
so they will no longer have to be selling time for money.
So that's an unlock.
And then it's going to give them excess capital
and they're going to have to deploy that excess capital
back into the marketplace.
So that's an unlock, right?
And then, we all know each other
and we know that we have similar moral frameworks and values.
So that's an unlock because we don't have to,
you get a couple of Bitcoiners in a room
talking to a non-Bitcoiner.
We don't have to pre-communicate.
We're all going to say the same things.
Like we know what the person,
we know what needs to be said next.
Like the ability to set the ball to each other
and spike it perfectly down the no coiners throat
is just a thing of beauty.
And it's going to be the same thing in capital formation
because we're all operating with this new OS
in our minds, right?
And so to me, you look at those three unlocks
of like giving back the time, giving excess capital,
and then creating better capital formation structures
due to shared values, morals, ideology.
You're going to get a renaissance of just amazing things
that Bitcoiners will do with their wealth, right?
And yeah, if you want to be a part of that story,
then all you have to do is buy Bitcoin.
That's a, it's the simplest thing in the world.
So like, you can either be a part of that story
or you can be a part of the story
where they want you to live in a pod, eat bugs,
get in allotment for driving time.
You know what I mean?
Like never have sex with a human woman,
like jerk off into some sort of weird robot.
Like that's what they want for you.
They want the worst life imaginable.
They want you to live like a slave.
They don't care, these people,
they don't care if you live or die.
I care about you.
Because I need your capital invested in this thing
I'm going to do later, you know?
Like, it's like they don't, you're nothing to them.
You're a bug, you know?
It's honestly so true.
I don't understand the mentality of people
who somehow think that the state
has their best interests at heart.
Like that they think that the government,
you know, if we just give the government
a little bit more of our money,
AKA our lifeblood, our time and energy,
because that's what the government is, right?
It's a time thief.
Like, you know, if you get 33% tax a year,
let's just say that's a third of your life.
They're stealing a third of your working life.
Just for what?
Like, what are they giving you
that you cannot give yourself?
Nothing.
And it's fucking insane.
And I'm curious, you know, okay, let's zoom forward a little.
What do you think, and this is a tough one,
but let's think in like four years, I was like,
what is the next Bitcoin cycle?
So, you know, we're looking at like 2028.
You know, there's another presidential election,
of course, you know, every leap year,
every presidential election, every Bitcoin having cycle,
they're all falling in the same year.
What does that world start to look like?
And how rapidly do we start to see these larger changes?
Do we start to see governments actually shrink
because more and more people realize
they need to hold governments to account?
Like, do we start to see that bureaucratic state
get a little bit smaller for people to get a little bit
freer, or is this something that's gonna take,
again, because humans are bad at estimating rate of change,
it's something that's gonna take a lot longer than we think.
It's gonna take a lot longer than we think, a lot longer.
I think basically what you have is a war going on
between new money and old money, right?
A little bit between East Coast and West Coast
with the tech elites and the traditional elites,
but really new money, old money,
like USD millionaires versus Bitcoiners,
which we are more aligned with in terms of the West Coast
tech elites than we are with the East Coast traditionalists.
But basically it's like, when new money and old money
go to war with each other, they're going to war
with each other over rulemaking, right?
And so, whenever you have a revolution,
the best you can do is get about half the seats
at the table of power, right?
And when you come to the table of power,
you get a chance to negotiate and do rulemaking.
When you have an unsuccessful negotiate,
or unsuccessful revolution,
you're getting like a couple seats at the table,
not enough to do anything.
I think we're gonna get enough seats
to make meaningful change.
That's how big I think this revolution is,
and those are the best revolutions in history,
but it's not gonna be every seat
because the unfortunate reality is that, you know,
fiat wealth can be easily ported into Bitcoin.
And so, if you're wealthy in the fiat system
and you're not a total moron, at some point,
as this thing crosses the Rubicon, you're gonna go,
it's time to jump ship, and you're gonna maintain
your position in society and your seat.
And when we come to do rulemaking with the old elites,
we're basically going to have to bargain.
And the bargain is, we're coming with a fair,
distributed, computer-enforced, rules-based system
for everybody, and you can't change the rules of the game
any longer, midstream.
The rules are set at inception, and we play by the rules
until their final conclusion.
That is what we're bringing to the table,
and we would like to see that in as many institutions
as we possibly can, okay?
Your way of doing things where, you know,
you change the rules constantly for your own benefit,
and it's only the people at the table
who are receiving benefit from those rule changes,
that's over.
We want a meritocratic system where the strongest survives,
and we need a fair rules-based order
in order to get that system.
And I think that that's going to be an unpopular ask,
but it's a fair ask, and over time,
that ask will win between the elites,
and we'll have a new class of elites,
a better class of elites,
and some of them will be Bitcoiners.
Most of them will be Bitcoiners.
I like it.
I think it's fair, and that is,
it kind of goes back to what I was hinting at before
with just like the boomer millionaires right now.
They can, they can port over a big old chunk of wealth
and become more Bitcoin rich
than the majority of Bitcoiners right now
who have been working hard and stacking sats,
just because, again, they're starting from a higher bucket
of fiat that they can dip out of.
But I have the hope that at least some of this incredibly
diverse, but ultimately morally aligned Bitcoin culture
starts to bleed into other parts of society.
Because I truly do think that with money as the base layer,
like you look across history,
you can look at the French Revolution,
like why was there a French Revolution?
Like why did they not have food,
and why did they start chopping people's heads off?
Well, it's because they started inflating the assignant,
or assignat, however you'd like to pronounce it.
They started inflating it,
and they started doing all sorts of funny business,
and the value of it dropped and dropped and dropped,
and then it bought jack shit,
and then people started starving,
and then people got mad,
and society just fell apart,
and then they had to start over again.
The French are pretty good at starting over again
after a monetary collapse, though.
They've got some practice at it now.
But I'm interested to see,
because a lot of us Bitcoiners,
and I'm guilty of this as well,
I think sometimes it seems as though
we're calling for the fall of the USD,
which I am in no way doing,
as much as I may shit on the US dollar
as the very kind of corrupt global reserve currency
that funds a whole lot of atrocities around the world,
I do not want the USD to just fail
because that's gonna hurt a fuckload of people,
and that's gonna lead to a great amount of human suffering.
I do not want human suffering.
And the reality of the situation is that like,
okay, if we talk about,
the USD is gonna hyperinflate as many people said,
it's gonna hyperinflate like next year,
next year, next year.
The reality is that if the US dollar is hyperinflating,
every other fiat currency in the world
has probably already hyperinflated
because the US dollar is the prettiest horse
at the glue factory, still at the glue factory,
still about to be made into glue,
but it's the prettiest horse there,
so it's gonna get saved for last, most likely,
unless there's some event that causes that to change.
But I think that the US is also uniquely positioned
to be able to benefit.
If we're smart, and I say we as like our political class,
if we're smart,
we have the highest Bitcoin hash rate in the world right now.
We've got a shitload of Bitcoin that we've taken
from hacks and things like that.
We're in a position to, if we play this smart,
to do very well as the United States.
I don't know if we're smart though.
I don't know if we have the capacity
to be intelligent about this and say,
wow, we should be encouraging more miners
to come into Texas and to Georgia and to New York State,
and we should get that hash rate
as high as it can possibly get,
because that's hash rate that our enemies don't have.
And do you think there's any chance, I mean,
we see between, and I don't even,
I don't love to talk about the red and blue too much
because I find myself firmly to be in the orange camp.
Between Trump and Biden, I don't see a massive difference.
They both had Jerome Powell printing money on their behalf.
Biden, well, not to his credit,
because he doesn't know what the fuck's going on,
but hey, I'm too shrank a little bit.
Whoop-de-fucking-do.
You've got RFK coming into the race.
RFK now has just been like,
well, actually I like Ethereum too,
and I'll be buying some Ethereum, and it's like, ah, fuck.
Okay, well, shit, there that goes.
So you were just, I don't know, take it for what it's worth,
but I don't know how much the presidency actually matters.
I think that, I was talking, Mark Moss,
I made some very good points in this recent,
like localism matters a lot more,
counties matter a lot more, states matter a lot more,
that's the whole fucking point of the US.
Do you personally give a shit
about who wins the presidential election
and think it matters very much,
or are you trying to focus more at a local level,
at a community level,
about things you can actually change?
Like, what's your take on that?
Yeah, I mean,
it's like politics are fucking getting worse and worse.
Ever since our society lost religion,
everyone has a God shaped hole in their heart,
and some large majority of the population
is filling it with politics for some fucking reason.
Yeah, I mean, I don't think the presidency matters
to your life very much at all, right?
If I had the choice between a very pro-Bickwin candidate
and a very anti-Bickwin candidate,
take the pro-Bickwin candidate.
If I had a choice between two pro-Bickwin candidates,
I'd take the one I believed more,
although it's hard to believe any of them.
In terms of localism, I think it's a good philosophy
and you should be involved in your local community.
But I think the most important thing
is just focusing on what you can control.
Don't focus on things outside your control,
or you're gonna be miserable all the time.
There's a goddamn invasion happening at the southern border.
It should be obvious to everybody,
but I can't do anything about that.
When I'm gonna go down to the southern border
and be like, hey, hey, stop.
Hold it right there, ombréz.
No, I'm not gonna do that.
And like, politics are fucking stupid.
There's nothing else to say about it other than it's dumb.
Although Bitcoin is inherently political, unfortunately.
That doesn't mean left-right political,
it just means entrenched power structure
versus ascendant power structure.
On the topic of American supremacy and dominance,
I mean, in terms of the dollar,
in terms of our culture, in terms of society,
it's like there are still so many great things
about America, mainly that were given to us
by the leaders we had 300 years ago,
and not the leaders that currently reside
in any of the high purchase of power.
But we still have freedom of speech,
which allows us to be sort of the guardians of the internet
in a very interesting way.
Like none of the rest of the English-speaking world
has the ability to say what the fuck they wanna say,
and we can still say it.
Now you might get killed for it,
but we can still say it, goddamn it.
And if they are gonna take freedom of speech,
then the only logical conclusion
is to use your freedom of speech
as hard as fucking possible,
right up until the moment it's taken away from you.
So we have that going for us,
we have our geography going for us,
America's very unique geographically.
And when I look at like, I mean, listen,
I wanna live in a world of sort of xenophilic restrictionism
or isolationism where we only care about ourselves
and we're kind of inwardly focused.
But that's not the way the world actually works.
And when I look at like, would I rather have China
running things or America running things?
As bad as America is,
I'd still rather have America running things.
So yeah, I'm hoping that the next generation
of American leadership can be smart
and can learn from the mistakes of the past
and actually like, you know, accomplish something.
I think that the Chinese are supremacists
in a way that's as somebody who's not Chinese
and the, I forget which kind of Chinese
is the best kind of Chinese,
but they're supremacist about one kind of Chinese
and not the other.
I don't know, man.
Do you remember what it is?
I'm bad at geopolitics.
Between America and the Chinese,
like who's gonna have control of the world?
At personal, I would rather America
with our founding documents have control of the world,
even though we're not living up
to our founding documents, obviously.
It's like, is America the, like,
is America the best that it can be?
Like, absolutely not,
but we have the potential to be.
There's a very limiting factor
on how good a totalitarian regime can be.
And you know, you were talking a little bit
just about freedom of speech.
And freedom of speech is one of those things
that we really take for granted in America.
And one could make the argument to what extent
it is that freedom has already been eroded
with just what we saw during COVID
and what you see about any,
depending on what side of an issue you're on,
you can very easily get censored and blocked.
And this is one of those reasons
I am very grateful Noester exists,
which is still very small right now.
You've been extremely active on Noester though
for a long time.
And I think you and I share similar sentiments there,
but I'm curious, do you think we start to,
with the election year,
with maybe there's a little bit of Bitcoin bull run bleed
over that happens and we get a little bit of a Noester,
a new entrance bull run,
do you think we start to see that ramp up?
Like is Noester adoption a function of free speech fuckery,
much like Bitcoin adoption is somewhat a function
of monetary fuckery in the fiat world?
Yeah, it's interesting.
I think the, I'm not sure.
I think the most interesting thing about Noester so far
is that it hasn't become a noxious right-wing echo chamber
or a noxious left-wing echo chamber.
So Threads is a noxious left-wing echo chamber.
So is Farkaster, I think,
although I haven't spent much time there,
but I hear that, I hear that's what it is.
And then, you know, Twitter seems to be kind of leaning
into becoming a noxious right-wing echo chamber
these days and GAB and stuff like that
has definitely been that.
Truth social, if you go in for that kind of thing.
Truth social just seems like, you know,
a thousand FBI agents and six guys in Des Moines
that don't know everyone else is a thousand FBI agents.
You know?
Yeah, truth social is a wild one.
Like I guess people's, I mean, some people use it.
It seems just like it's just like a Trump campaign app,
basically again with a bunch of FBI agents on there.
But yeah.
But not yet.
Nostra I think is really interesting in the sense
that it still has a very good culture.
It's very, you know, I don't know.
It's like, it's hard to opine on the future of Nostra.
I just, to me personally, I find it very useful.
I think there's a lot of really cool people
that I really enjoy, you know, interacting with on there.
And that's why I'm on there.
And I'm enjoying the algorithm-free experience.
I think that's the number one thing
that differentiates it from everything else.
And of course, this is not to get into all the
Nostra's protocol stuff, which, you know,
is a whole other Pandora's box can of worms, right?
But like just the way we experience Nostra today
is like sort of a Twitter clown.
It's interesting in the sense that it has no
algorithmic sorting function.
And it's almost like the algorithm is the thing.
You know when you stick a, you know,
you stick a amplifier, the guitar
into the other end of the amplifier,
and it creates that negative feedback loop.
And then you get that awful noise that happens,
that screeching.
It's almost like the rest of social media is that,
you know, and Nostra is like a breath of fresh air.
Yeah, it's incredible how much you can influence behavior
with algorithms, right?
And you see this on Twitter, like in the quality
of information that you get, where it's not really people
trying to post the most high value or high quality
information there, it's people trying to do whatever they can
to game the algorithms so that they get the most exposure
because the incentives are structured as such,
where the more exposure you get, if you're a, you know,
a premium verified, you're gonna get the most potential
ad revenue sharing from it.
And so everybody is just trying to game it.
It's why you see, like, I think that like AI Twitter
is the most key example of this,
where it's just like, like I'm pretty sure like 50 dudes
who are just all posting the exact same AI threads,
like open AI just dropped Sora,
here are five of the latest videos,
you won't believe are real.
And it's like, and you see that just over and over
and over and over again.
And it's like, you know, they're getting like
millions of impressions and it's like, all right.
And you guys are all posting the same thing
and it's not really high value.
And most of it is just recycled old content.
And it's nice that on Nostra, you,
there's no incentive to do that.
You're just gonna look like a human bot
and nobody's gonna wanna interact with you.
Like you're incentivized to be authentic.
And I think that's a good incentive to have.
It's authenticity, something we need a little bit more of.
I'm curious if the government, like right now
it's very much still so small
that I don't think anybody's really paying attention to it,
which is nice, like, you know,
fly under the radar as long as you need to.
But I'm curious if like this election cycle, you know,
somebody starts posting their hot takes
about election conspiracy theories on Nostra.
And then the government's like, well,
we might have to do something about this protocol.
Like, I don't know.
Does Snowden follow you on Nostra?
I think he does, which is just wild.
Yeah, so me too.
So the CIA has already got us on their list, you know.
Shit.
Thanks a lot, thanks a lot, Ed.
No, but like that's the incredible thing
is that you can be on there and a guy like Snowden
can follow you and you can interact with him
and have an actual conversation.
Like that's fucking insane.
Like, wow.
Like that, I mean, yeah, we are fuck,
we are on some lists now, aren't we?
Well, shit.
You know, what are you gonna do though?
I was probably on some lists already.
I'm sure you were as well.
So.
You know what's interesting about the algorithm,
I was thinking about why you were talking about it is,
so I've been cursed with a long memory.
And I remember in the early days of Facebook when,
you know, it went from being a thing we used in college
to post a photo of us doing a bong hit
to being a thing that suddenly your Aunt Becky was like,
why is there a photo of you smoking a bong on here?
Right.
And then what did Aunt Becky do
when she first got Facebook?
She was like, making a tuna salad, you know?
Or that like, going to the movies, right?
Like that was, those were the status updates.
And then as the algorithm kicked into full gear
and time moved on, 13 years later,
Aunt Becky's like, you're a fascist, rapist, pedophile,
fuck you.
And you're like, what?
Can you go back to making tuna salads, bitch?
Like, what are you doing?
You know?
It is wild.
Like Facebook very much transitioned
from this kind of perhaps boring,
but very benign platform to,
it's basically like now where boomers go to yell at each other
about their political beliefs.
Yeah.
Like that's a set, like it's where boomers go to ruin old,
like decades long friendships.
Like Carol, I know you're my friend of 30 years,
but if you don't stop supporting Donald J. Trump
right now, I'm going to unfriend you.
That's what they do.
It's literally, it's like, it's kind of so sad.
It's like, boy, you start to realize
the boomer class was not really,
they weren't really equipped to handle
that kind of accessibility to each other.
No.
You know, you almost feel bad.
The boomers only do two things.
Vacuum really loudly while listening to Fox News
at full volume or MSNBC.
And then two, screaming at each other on Facebook.
That's all they do.
You know?
Yeah, man.
God bless him though.
We're all shaped by the media environments
that we grew up in, right?
Like your grandchildren would be like,
you don't even fuck holograms.
What are you gay?
You're like, what?
What does that mean?
No, I don't get that. Sounds a little weird.
Is there like a static buildup that happens with that?
How does that work?
So yeah, I mean, you know, but it's interesting
because like the changeover for the boomers,
I think was much more profound.
And, and, you know, it's just something that they can't.
I'm actually impressed when I meet boomers who are into Bitcoin.
I'm very impressed by that.
Same.
You know, because it's extremely difficult.
And I don't know if I was them.
I would have the same ability to change my mind
and stay young in spirit and thoughtfulness.
I, you know, Gary Leland, I was talking to Gary Leland,
Gary Leland, and he told me that every day
he just like will brush his teeth at the wrong hand
or put his socks on different or like, you know what I mean?
We're put on his t-shirt, then his socks, then his pants.
Like he just does everything different every day
to create like higher levels of neuroplasticity
so that he stays young in his mind.
And I was like, you know what, that comes through
when I'm talking to you.
So maybe that's a good thing that we should all do.
We should all take that page from Gary Leland, you know?
Dude, I love that.
Gary's a great dude.
And I'm saying mad respect to the boomer Bitcoiners
because that is like, talk about teaching an old dog new tricks.
Like that's impressive.
And it again requires a huge level of humility
and willingness to learn.
Like you're not a digital native.
You've seen a heck of a lot.
You know, you've lived two of our lifetimes already.
And if you're open to Bitcoin after all that
and after like you probably had a pretty good place
in the existing power structure,
but you decided to take a chance on something
that seemed fucking weird and it can guarantee the boomer
that any boomer Bitcoiners,
their boomer friends give them so much more shit
than a millennial or Gen Z Bitcoiners friends give them.
Like the boomer friends are like, yeah, like I'm worried
that you're, you know, you're going senile.
Like you're losing it, you know, with this, these bitty coins,
like more power to them.
It's fucking impressive.
It is impressive.
Yeah. I mean, I sometimes I go off on boomers, you know,
and I think they think I'm talking about them,
but I'm not talking about the Bitcoiners.
Yeah, yeah.
Just the regular boomers, you know.
Yeah.
The we got to we got to differentiate
like the boomers with a regular B
versus the Unicode Bitcoin B.
Like we should we should give them that special designation
just to that they're not offended.
Although, even though I like you guys,
I'm not going to Applebee's with you anytime soon.
All right. I'm sorry.
I'm just not going.
I don't go to Applebee's.
All right.
I know you guys love it.
I'm not going.
Are there, I can't imagine Applebee's is doing great
these days.
Are they?
Like, is that still like a, I don't remember the last time
I heard about anybody being like, you know what,
I think we'll we'll go to the Applebee's Diane.
All I know is that the boomers love Applebee's.
They only love two things in this world,
Donald Trump and Applebee's.
That's it.
Nothing else.
What a beautifully simple existence, though.
Like it's kind of zen.
You know, I, yeah, it's funny.
I envy the boom.
You know, I think that here's one thing I'll say
that's really positive about the boomers.
I think that the boomers are a vanguard in our society
that when they're gone, we're going to miss them
because young people are deranged.
Truly, truly.
Like even guys like us, we're deranged.
We're like internet money podcast guys.
That's a weird thing to be, man.
That's weird, you know?
Like there's not just like normal people
walking around anymore.
There used to just be normal boomers
who just walk around every day doing boomers.
Like now what do they do?
I don't know.
We're just every millennial is like low key mentally ill.
Like AOC is low key mentally ill for sure.
100%.
You know, what's it going to be?
Millennial politicians who believe things
like white privilege is real.
That's not real, man.
It's never been real.
What are you talking about?
It's worrisome about, I mean, like not even millennial,
but like the Gen Z political class,
that's going to be a terrifying one.
But again, this is where I hope that like,
I think the pendulum's swing, right?
It's what fucking pendulums do.
And sometimes when like, when they swing back,
they swing back hard.
And I have to imagine, I think we're already seeing
some of this, there's a pushback against some
of this general insanity out there
that this younger generation has been fed.
I mean, they've been fed by the older generation.
Like let's not absolve the older generation of this.
They're the power class right now
that's pushing a lot of these narratives.
And they're being picked up by this younger generation.
And it's, what is it to come down to?
It's a means of control and distraction, right?
To distract you from, it's to give you a problem
to look at that you are told is the cause of all your woes.
When in reality, that problem has nothing to do
with your woes at all.
The problem is far, far deeper than that.
And you're being, having the truth obfuscated from you,
because that truth is inconvenient.
And that's the things are so much more fundamentally broken
than you realize.
And anything that they tell you that's gonna fix
your little tiny perceived problem is not at all.
Your problem is a symptom of a much deeper disease.
And you can either treat the symptom, which is fine,
but you're just gonna have more symptoms
or you can cure the fucking disease.
And I think that's what Bitcoiners have come around to
is we gotta cure the fucking disease.
And it's a boy, it's a fucking bitch though, isn't it?
It's a nasty disease, this fear of degradation.
I think the woke mind virus in particular
is something that I don't know
that we're gonna be able to get rid of very easily.
There's a lot of people out there who believe
really stupid communist bullshit
and they walk amongst us, unfortunately.
We have more communists in this country
than we ever had before, ever.
I think the internet is going around creating communists
as well.
It's weird, I was mulling over this the other day.
I'd love to get your take on this.
It's like, I was trying to figure out
if the internet has been a tool of individualization
or collectivization, and I couldn't come
to a solid conclusion on that
because I see a lot more tribal behavior.
It used to be that we were all in these big tribes, right?
And then they splintered.
They shattered into a million pieces.
And now there's all these little disparate tribes, right?
But I don't really consider most of the people
in those to be individuals.
I think even Bitcoin is sort of a sovereign tribe
and less of a sovereign individual thesis,
especially newer Bitcoiners, not to pick on your class,
but it's a lot easier to become a Bitcoiner these days
because you can read a couple books
and listen to a couple of podcasts
and get the general message.
It used to be that we had to like Bitcoin in the dark,
which was, you were Bitcoin-ing,
reading weird forum posts from schizophrenic people
trying to figure out if they were right or not.
And like, is this guy a government agent
or is he making sense macroeconomically?
Like, it was a harder road to walk,
and so you had to be more individually minded to walk it.
And now it's a lot easier to join the orange tribe
and be like, I like me too, man.
I like stacking Bitcoin.
Fuck Hillary Clinton, dude.
And you're like, okay, that's cool,
but do you have your own thoughts or anything?
I completely agree.
Like it is much, much easier to jump on the Bitcoin train now.
I mean, it's very easy, I think, for new entrants
to look back and say, all those guys that got in in 2015,
2014, 2013, whatever, they're so lucky.
Like if only I had done that, it's like, well,
you wouldn't have.
You just wouldn't have.
Like I heard about Bitcoin in 2014
when a buddy was getting some stuff off the Silk Road
and he was like, have you heard of this Bitcoin thing?
I'm like, no, I haven't, and I don't want to, you fucking nerd.
And then, you know, ignored it for multiple more years
until 2017 when I ignored it again
and decided to buy one Litecoin
because I couldn't afford a full Bitcoin.
I'm a fucking idiot.
And then, you know, finally 2020 came around again.
And I was like, ah, okay, this time,
maybe I should pay attention
and maybe I should actually educate myself.
But come 2020, there were a lot more
fucking educational resources out there.
It's a lot easier to get into it now,
but there's also less of an excuse for you not to
because you do have a wealth of information
at your fingertips.
You've got, I mean, you've got this
among many, many other fucking Bitcoin podcasts for one.
You've got all sorts of books.
You've got conferences you can attend, meetups you can attend
everywhere.
It's a pretty incredible infrastructure
that's being built out to give you on-ramps to Bitcoin.
And those did not exist a decade ago.
And so, you know, it's easy to look back and say,
yeah, I would have bought Bitcoin
and then now I would be rich.
But you wouldn't have.
And if you did, you probably would have sold it to Shitcoin
during the ICO boom and then you would have lost it all
and gone away for a while
and then come back again.
And so you're here now, my fellow pleb.
And that's what matters, you know?
And don't take that chance for granted though,
because you don't want to come back in four more years.
I would just say have your own thoughts and opinions,
you know, just because you feel like you'll be part of the tribe
if you parrot somebody else's thoughts and opinions.
Just try your best not to do that, you know?
It's okay to like disagree and differ, you know?
You don't have to eat nothing but meat
or you don't have to like hate modern art.
You can like it, you know?
I don't like it, but you can like it, you know, it's fine.
Both of those felt like they were directed at safe-a-deen.
I'll just say that.
Well, no, I love safe, but those are safe's authentic opinions.
That's safe, right?
Like safe is like that.
He's really that guy, 100%.
But there's a bunch of guys who try and pretend
like they're like safe and it's like, did you just get this opinion?
Have you always had this opinion?
Did you just come to this opinion?
You know what I mean?
Just think for yourself.
If you think for yourself and you come up to the same conclusions,
that's fine, just know how you're arriving at the conclusions.
Don't leave one group to join a different group.
The last thing Bitcoin needs is more people
who think they're in a fucking group, you know?
Do your own thing.
Be an individual.
Be a man.
The last thing I would say on that is just make your own memes.
Don't be a derivative meme stealer.
Go out there and craft your own memes.
Build your own way.
You can make the next meme of this bull run.
That can be you.
But I want to be conscious of your scarce time.
So before we end out, last thing totally unrelated to anything else.
You're reading anything right now, Bitcoin or not related that you'd recommend?
Mm.
What have I read?
You heard of books?
You like this?
Yeah, I was trying to think what have I read recently?
Let me check my.
Let me check my audible list.
I have nice.
I've developed this habit where if something doesn't interest me
immediately to stop reading it.
So I'm trying to think of where I'm at, like in terms of like things
I actually stopped reading or where.
What did I read?
OK, where are the customers yachts?
Really, really good book about, you know, sort of efficient market hypothesis.
I've been digging that one, which was recommended to me by the original
Bitcoin maximalist himself, Jen Seth.
And then let's see what else I got.
I haven't heard of that one.
I'll have to check that out.
Where are the customers yachts?
Yeah. Oh, and then Rise and Fall of the Third Reich.
I just went through all of that recently.
Probably the best book on Nazi Germany I've ever read.
And the parallels between today's time and pre the pre the
Nazification of Germany are just incredible.
You know, I mean, there's so much in there that like you'll have to go
through it and read it, but there's just so much in there that we're
seeing today.
And I have to unfortunately believe it's going to give rise to something
horrible, just like it did in, you know, pre Nazi Germany.
And well, I appreciate that.
Those are two very different end of the spectrum recommendations.
So I appreciate that.
But I'll I want to thank you again for coming on here.
You know, Bitcoin is scarce, but your time is also scarce.
And Bitcoin podcasts are quite abundant.
So I want to thank you for coming on another fucking Bitcoin podcast,
sharing that scarce time with me.
It's true at American Hodel 8.
I believe you say HODL, but we don't have to get into that right now.
We don't have we don't have time to get into that debate, unfortunately.
But I'll drop your noster as well.
Anywhere else you want to send people?
No, man, just fucking buy Bitcoin.
Don't you have to go visit my Twitter?
Just go buy Bitcoin.
And your Twitter is pretty fire, though.
That's why I would recommend that they do it.
I listen as far as it is.
The Bitcoin will keep you warmer at night.
You know what I mean? Get some.
I mean, that's the most important.
That's the most important thing is just like make sure that you did the right
things during this time period.
Don't leave anything on the table.
I've been going around. I'll ask you.
I've been going around asking people if they had to give themselves a report card
for the bear market.
What would you give yourself?
Hmm.
I would give myself, I'd say an A minus.
I was pretty pleased with how I how I did.
I stacked quite relentlessly and really made sure I had as little fiat as possible
in that checking account at all times.
However, there were also some purchases made, which were larger, some necessary,
but perhaps some not.
I think I could have always done better.
I'll give myself a minus verging on B plus,
but I'm looking back.
I do not think I will be disappointed with my stacking because it was like a boy
was a kick in the gut sometimes to try and stack at the as things were going down,
down, down and staying down for so long.
But now it feels pretty good to have stacked when things were way fucking down.
And like, you're like, wow, it's fucking what do we have right now?
At the at the time of recording fiat price of Bitcoin, sixty seven thousand four hundred
and ninety two cockpucks.
So, yeah, the the the sats that I sniped at like sixteen something thousand feel
pretty fucking great right now.
But I could always I could always have done better.
But I'm not going to lose sleep over it because I'm I'm fairly proud.
Yeah.
And now fuck.
Thank God, because having a kid's fucking expensive.
It is. Yeah.
Less sats are being stacked now, but those sats that I stacked
are in the bear market are that's for that little guy's future, you know, bro.
Don't buy all the baby shit.
Don't make the same mistake I made.
You know what kids love?
Kids love this.
They love a water bottle.
Just give them one of these empty water bottle.
Hours of entertainment.
Just let them crackle the sides a little bit.
They love crackling noises.
That's all they want to do.
There's one.
Oh, to be a little human and be so fast, it's reminded me to be
to be wide eyed about things again, you know, to look up and look around
and be like, wow, that tree is fucking cool, you know.
I know.
I know it's a beautiful thing.
It's great, man.
It's the best.
And like, yeah, money spent on your family is not money that you're going to regret.
You know, amen.
Yeah. Well, dude, thanks so much for coming on here.
This was this is a fucking blast.
And looking forward to seeing you in the flesh, hopefully a little later this year.
Yeah, probably be in Nashville if you're going to be there.
Yeah, going to be there.
Going to bring the little guy to I think so should be a good time.
Fun. All right.
Well, I'll see you then, man.
And we should do another one of these pods at some point.
Yeah, let's do it.
I'm going to hold you to that.
Well, yeah, of course, it's a date.
It's a date.
All right.
Dating.
All right, brother.
Please.
And that's a wrap on this Bitcoin talk episode of the Bitcoin podcast.
If you are a Bitcoin only company interested in sponsoring another fucking
Bitcoin podcast, head to Bitcoin podcast net or hit me up on social media.
On noster head to primal net slash Walker and on Twitter search for at Walker America
or at TTC.
And you can also watch the video version of this show on X or on YouTube by going
to YouTube dot com slash Walker America or rumble by searching for at Walker America.
Bitcoin is scarce.
There will only ever be 21 million, but Bitcoin podcasts are abundant.
So thank you for spending your scarce time to listen to another fucking Bitcoin podcast.
Until next time, stay free.