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If you're listening right now, go ugly fucking early, man.

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If you're new here, just start stacking your heart out.

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Like get as much Bitcoin as you fucking can.

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This thing is a runaway freight train,

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and you're not gonna be able to catch it.

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Like I bet, it's true for me, I bet it's true for Walker,

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that like when we first got here,

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I should have gone so much harder, and I did go hard,

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but I didn't go as hard as I fucking should have.

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I should have gone 10 times harder.

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Become a crazy person.

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If people in your life are not showing you active disdain,

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you're not stacking hard enough.

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If you're still invited to family Thanksgiving,

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you're not stacking hard enough.

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If people are not making fun of you

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for brown bagging your lunch,

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you're not stacking hard enough.

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If your car is younger than Bitcoin,

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you're not stacking hard enough, okay?

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If you don't have a second job,

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you're not stacking hard enough.

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If you're just not stacking hard enough.

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If nobody has called you a retard,

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you're not stacking hard enough.

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["The Big Bang"]

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Greetings and salutations, my fellow plubs.

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My name is Walker and this is The Bitcoin Podcast.

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The Bitcoin time chain is 833159,

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and the value of one Bitcoin is still one Bitcoin.

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Today's episode is Bitcoin Talk,

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where I talk with my guest about Bitcoin

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and whatever else comes up.

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Today, that guest needs no introduction.

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It's the man, the myth, the meme, American Hodel.

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It's a fucking great conversation,

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and you're gonna enjoy it, so listen to it.

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That's all I've gotta say by way of an introduction.

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Before we dive in, if you like The Bitcoin Podcast,

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please share an episode you find valuable

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on Nooster, Twitter, or even Facebook

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if you're still using that.

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I'm a one man show trying to build out

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another fucking Bitcoin podcast,

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and the best way you can support this show

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is to share it with your friends, family,

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and of course, strangers on the internet.

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You can also support this show

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by going to bitbox.swiss slash walker

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and using the promo code walker for 5% off

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the fully open source, Bitcoin only,

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Bitbox O2 hardware wallet.

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As always, you can watch the video version

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of this episode on Rumble, YouTube, or X

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by searching at walkeramerica or listen on found.fm

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or wherever you get your podcast

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by searching for The Bitcoin Podcast.

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And if you listen to The Bitcoin Podcast on Fountain,

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which I recommend, consider giving this show a boost

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or creating a clip of something you found valuable.

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Lastly, if you are a Bitcoin only company interested

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in sponsoring another fucking Bitcoin podcast,

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hit me up on social media or through the website

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bitcoinpodcast.net.

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Without further ado,

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let's get into this Bitcoin talk with American Hodel.

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["Pomp and Circumstance"]

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Dude, thanks for coming on.

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What a, what a auspicious time to be doing this too.

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I know, man, it's fucking, you know what though,

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I'm gonna be honest with you, I'm not excited.

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Like, I just feel like somebody stole my shit

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and the cops gave me back most of it,

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but they're still like some, I'm rifling through shit

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and there's some things missing, you know what I mean?

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That's how I feel.

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Let's explore those feelings a little bit.

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How does feeling like that make you feel?

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You know, well, Walker, I think it all comes down

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to when I was on the playground as a small child,

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and I would look at the other small children,

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I would say to myself, these people are fucking losers.

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They don't own any Bitcoin, so, you know,

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I'm the only base child here.

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Man.

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I can see how that would have been traumatic

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as an early experience.

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Also, that's probably gonna be the legitimate experience

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of this first like generation B group of Bitcoiners

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that are now like, you know, they're like little babies now.

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Like, I got a little baby upstairs now.

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He's a cool little dude, you know?

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First one, and it's like wild.

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Like that kid, I'm still trying to figure out like, huh,

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how much like, you know, the whole like, don't tell anybody,

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you know, if somebody asks you how much Bitcoin you have,

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it's like, well, not enough, you know?

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I think I'm probably gonna adopt that approach

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with the kid too.

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Like, listen, you know, daddy, how much Bitcoin do you have?

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Like, well, not enough, son, never enough,

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but doing my best to stack more.

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I think when they're young, that's a good approach,

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but as they get older, I'm very in favor of preparing children

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for the responsibility of wealth.

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So around when they're about 10 or 11,

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you don't want like a six year old blabbing,

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like blowing the offset on the playground.

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But once they're old enough, mature enough to handle it,

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then I think it's totally appropriate to like,

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you know, this is a big responsibility

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that is gonna be dropped on them one day, right?

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No, absolutely.

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Like, that's, you know, yeah, there's definitely

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probably like a prime age,

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because you don't want like little Timmy's dad

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going and getting his wrench and being like,

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I'm gonna go fuck up this guy.

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But that's what guns are for, right?

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So, you know, fucking Timmy's dad.

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I had a proud moment, I had a proud moment the other day,

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my daughters were fighting over,

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I have a Bitcoin blanket in my office,

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and they were fighting over who got to be

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under the Bitcoin blanket.

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And it was like, I want the Bitcoin,

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I want the Bitcoin blanket.

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And I was like, you know what?

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I'm raising them right over here, you know?

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That's beautiful, man, that's beautiful.

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It's a, well, I was gonna ask you how old they are,

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but I don't want to have doc city.

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They're young.

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Yeah, okay.

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Yeah, yeah, yeah.

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That's awesome though.

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I'm a, our first one here, little Apollo,

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and so far, you know, he's a joy, man.

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It's like that blend of like, man,

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you're fucking exhausted.

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Yeah.

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Like you're just really fucking happy.

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And also you have this new fire under your ass

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that's like, I need to fucking build

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and build and build, but also, you know,

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I want to build so that I can also be present.

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So I want to build in a way that allows me to do that.

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And that's the balance, right?

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You're really not, you're really not a man

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until either one of two things happens

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or both things happen, which is your father dies

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or you have, you know, children, right?

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And until you have children,

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you're kind of just a big child yourself.

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And, you know, I'm sure you can experience,

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like appreciate this as like a new parent,

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but like me and my wife were talking about this the other day.

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We were like, what the fuck did we even do before kids?

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We would like sit around all day

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and like we'd go to the gym in the morning.

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Then we'd like play on our phones and be like, I'm bored.

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What do you want to do?

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You want to like get food or something?

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Like you want to go to Chipotle?

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Okay, cool.

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Yeah, I'm so tired.

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You know what I'm saying?

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What do you mean?

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What were we doing?

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It was nothing.

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No, it's so true.

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It's like, you know, and not that every year of my life

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is the best one yet, you know, cause I'm still alive

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and that's beautiful.

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And I've got an amazing wife

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that I'm still not quite sure how I landed.

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It's one of those things where it's just like, you know,

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don't look a gift horse in the mouth.

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Like don't fuck this up, man.

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But then you're like, you're absolutely right.

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Like it's only been a couple of months

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and we're both just like, man, you know,

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you hear about friends that are like, you know,

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out doing whatever and you're like, you know,

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that sounds fucking hollow and kind of point.

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Yes.

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Huh?

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I'm really happy we're doing this

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and have this little human now that is, you know,

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joining our crew.

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Like it's a, it's a powerful thing.

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It puts things in perspective for you too.

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Totally.

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And it makes the whole Bitcoin thing like

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way fucking important too.

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Think about it.

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Like think about all the war and famine and pestilence

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and rape and murder and starvation and floods

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and like fucking every slavery, everything that every one

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of our ancestors had to go through

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in order for you to be here now.

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And for you to, you know, say, I'm going to reject

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the blockchain of humanity so that I can focus

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on hedonism and my own pleasures in these fleeting moments.

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How could it feel anything other than hollow and empty?

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Of course it's hollow and empty because it is, you know.

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Like have you seen those videos like the,

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the word dinks like dual income, no kids.

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I hate that part of it.

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First of all, like just calling it dink

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is like so fucking funny.

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It's like, okay.

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Like you indeed, you are dinks.

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But the other part is just like, you see the stuff

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that they put in these videos and it's like,

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we can, you know, go to Europe like on a whim.

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And it's like, all right, cool.

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You know, like we can eat whatever we want

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and stay up late.

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It's like, all right, well, I mean, I don't know.

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Baby's not stopping me from eating

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whatever the fuck I want.

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But like whatever, okay, you do like all this stuff

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that they're listing, you're like,

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ah, you guys are like, there's a lot of cope involved.

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And like, if that's genuinely what makes you happy, fine.

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I don't give a fuck what you do.

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Like freedom of choice, choose, live however you want.

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But I can't imagine like the whole, like you said,

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so many fucking ancestors went through genuine shit

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for us to exist at this really unique place

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in time and space where things are actually

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pretty fucking good.

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Like, yeah, there's a lot of fucked up shit in the world.

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Always has been.

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But overall things are pretty fucking great.

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And you're like, yeah, I'm gonna honor my ancestors

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by ending, you know, their ancestry.

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Like we're just stopping here right with my generation,

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no more.

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And you know, the thing that whole like, well,

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we're not having kids for the planet

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is like the ultimate cope.

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It's like, you really just wanted to somehow

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get out of it so much that you're like, well,

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if I don't have kids, the planet will be saved.

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It's like, well, what's the fucking point of the planet

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without sentient beings to experience it?

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No, I'm on, dude, I couldn't be more with you.

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I'm on Team People.

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I'm a human supremacist.

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If I see a robot, I kick it.

253
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I have a robot vacuum.

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I kick it every day.

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I say, what's up, bitch?

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Who's in charge?

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Who's you master?

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You know, just to let it know who's boss

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for when they rise up.

260
00:09:44,440 --> 00:09:47,640
But for me, it's just like, yeah, what is the planet

261
00:09:47,640 --> 00:09:50,160
if it's not for people?

262
00:09:50,160 --> 00:09:52,080
We're gonna leave it to ants.

263
00:09:52,080 --> 00:09:54,160
Like who gives a shit what the ants

264
00:09:54,160 --> 00:09:56,480
or the monkeys or the fucking zebras do?

265
00:09:56,480 --> 00:09:59,240
No one, it's for us, the whole planet is us.

266
00:09:59,240 --> 00:10:01,240
We have dominion over the whole fucking thing.

267
00:10:01,240 --> 00:10:03,280
All right, like maybe that's too much Sunday school

268
00:10:03,280 --> 00:10:04,400
from when I was little or whatever,

269
00:10:04,400 --> 00:10:06,320
but like I still very firmly believe that.

270
00:10:06,320 --> 00:10:09,000
We're gonna let porpoises run this planet.

271
00:10:09,000 --> 00:10:10,840
No, that's not how things work.

272
00:10:10,840 --> 00:10:12,840
Fucking manatees come in here.

273
00:10:12,840 --> 00:10:13,680
I don't know.

274
00:10:13,680 --> 00:10:15,360
Manatees seem like they would be kind of like,

275
00:10:15,360 --> 00:10:17,040
they would be pretty high up on like that.

276
00:10:17,040 --> 00:10:19,400
It's a weird, you know, it's a weird,

277
00:10:19,400 --> 00:10:21,200
it's a weird pagan cult really.

278
00:10:21,200 --> 00:10:23,160
It's like the atheists are actually,

279
00:10:23,160 --> 00:10:24,960
they're not atheists, they're pagans.

280
00:10:24,960 --> 00:10:27,000
And you know, basically it's like mother Gaia

281
00:10:27,000 --> 00:10:28,480
is their new God.

282
00:10:28,480 --> 00:10:31,360
And you know, it's like, that's a weird God to have man.

283
00:10:31,360 --> 00:10:33,320
I mean, and these are the same Malthusians

284
00:10:33,320 --> 00:10:34,720
who will say things like, you know,

285
00:10:34,720 --> 00:10:36,400
I wish there was only 500 million people on the planet.

286
00:10:36,400 --> 00:10:38,080
It's like, okay, in one breath,

287
00:10:38,080 --> 00:10:40,160
you just made yourself the good person

288
00:10:40,160 --> 00:10:42,640
because you like grass or something,

289
00:10:42,640 --> 00:10:45,800
but you just talked about the murder of eight billion people

290
00:10:45,800 --> 00:10:47,560
like it was nothing, fuck you.

291
00:10:47,560 --> 00:10:50,960
We are not on the same team at all.

292
00:10:50,960 --> 00:10:51,800
You know what I mean?

293
00:10:51,800 --> 00:10:53,440
Like I don't understand how you can think this

294
00:10:53,440 --> 00:10:54,640
in this manner, you know?

295
00:10:54,640 --> 00:10:56,880
I think it's like this, it's ultimately like

296
00:10:56,880 --> 00:11:01,760
just a huge projection of deep feelings of inadequacy

297
00:11:01,760 --> 00:11:04,560
and hopelessness that you're like, well,

298
00:11:04,560 --> 00:11:06,040
I thought like, it just comes in like,

299
00:11:06,040 --> 00:11:07,400
I fucking hate my life.

300
00:11:07,400 --> 00:11:09,480
And so you know what, you know,

301
00:11:09,480 --> 00:11:11,680
I'm gonna make myself feel better a little bit

302
00:11:11,680 --> 00:11:14,040
by trying to seem somehow above others

303
00:11:14,040 --> 00:11:17,400
by saying that us humans, we are the problem with this planet

304
00:11:17,400 --> 00:11:19,680
and we need to be, you know, eradicated

305
00:11:19,680 --> 00:11:23,120
and brought down to whatever sustainable population levels.

306
00:11:23,120 --> 00:11:25,720
And it's like, fucking A, like,

307
00:11:25,720 --> 00:11:28,960
what do you think like the point of all of this is?

308
00:11:28,960 --> 00:11:32,240
Like what do you, like, genuinely, what do you think?

309
00:11:32,240 --> 00:11:35,480
Like, cause yeah, we are fucking animals too,

310
00:11:35,480 --> 00:11:38,280
but like we're fucking highly intelligent animals

311
00:11:38,280 --> 00:11:40,960
that have all the capacity to pass down knowledge.

312
00:11:40,960 --> 00:11:42,680
There's two schools of thought, right?

313
00:11:42,680 --> 00:11:45,720
There's an Arco Primitivism, which says,

314
00:11:45,720 --> 00:11:47,800
we're going back to Georgia Guidestones,

315
00:11:47,800 --> 00:11:50,640
500 million people, we're all gonna like, you know,

316
00:11:50,640 --> 00:11:53,040
I don't know, ride bicycles instead of using combustion

317
00:11:53,040 --> 00:11:53,880
engines or something.

318
00:11:53,880 --> 00:11:57,160
And then there's Kardashev type one, type two, you know,

319
00:11:57,160 --> 00:11:58,800
we're going up the Kardashev scale

320
00:11:58,800 --> 00:12:00,880
and we're gonna have trillions of human beings

321
00:12:00,880 --> 00:12:03,080
across infinite galaxies.

322
00:12:03,080 --> 00:12:08,080
And I mean, of those two, which one is more pro-life?

323
00:12:08,080 --> 00:12:09,320
Like, okay, think about it.

324
00:12:09,320 --> 00:12:11,400
Like the one, the Malthusian one

325
00:12:11,400 --> 00:12:14,440
where you reduce population, you're getting less,

326
00:12:14,440 --> 00:12:16,200
yeah, sure, you're getting less negative things,

327
00:12:16,200 --> 00:12:18,080
but you're also getting less of everything

328
00:12:18,080 --> 00:12:19,720
that's amazing about humanity.

329
00:12:19,720 --> 00:12:21,640
You know, you're less Mozart, Mozart's,

330
00:12:21,640 --> 00:12:24,520
less Einstein's, less Beethoven's, you know, like,

331
00:12:24,520 --> 00:12:27,400
whereas in the trillions of worlds example, like, you know,

332
00:12:27,400 --> 00:12:29,760
you just have humans all over the whole galaxy

333
00:12:29,760 --> 00:12:31,800
and into neighboring galaxies,

334
00:12:31,800 --> 00:12:33,320
there are trillions of Einstein's,

335
00:12:33,320 --> 00:12:34,560
there are trillions of Mozart's,

336
00:12:34,560 --> 00:12:36,520
there are trillions of the people,

337
00:12:36,520 --> 00:12:39,360
the spark of life that makes, you know,

338
00:12:39,360 --> 00:12:43,600
I mean, listen, people say like, I love science

339
00:12:43,600 --> 00:12:44,920
and they're like talking about like, you know,

340
00:12:44,920 --> 00:12:46,160
I don't know, a picture of a Nebula

341
00:12:46,160 --> 00:12:47,720
or something they saw on Facebook or whatever.

342
00:12:47,720 --> 00:12:50,480
And it's like, I don't give a, two fucks about a Nebula.

343
00:12:50,480 --> 00:12:52,880
Okay, the most interesting thing that exists is us.

344
00:12:52,880 --> 00:12:55,080
We're the most interesting thing that exists.

345
00:12:55,080 --> 00:12:58,840
There's nothing more interesting than we are, all right?

346
00:12:58,840 --> 00:13:00,200
That's how it is.

347
00:13:00,200 --> 00:13:02,520
Yeah, so like to just extinguish life

348
00:13:02,520 --> 00:13:05,760
or treat it so cavalier or carelessly in this manner,

349
00:13:05,760 --> 00:13:10,080
as if you know better because what, you're 130 IQ,

350
00:13:10,080 --> 00:13:11,720
that's nothing, that's fucking nothing

351
00:13:11,720 --> 00:13:13,320
compared to the mass of humanity.

352
00:13:13,320 --> 00:13:15,840
It's like, I get it, you're smart, you're rich, you're whatever.

353
00:13:15,840 --> 00:13:16,680
But that's not-

354
00:13:16,680 --> 00:13:19,800
I mean, they're probably like a 125 IQ or like a 120

355
00:13:19,800 --> 00:13:22,840
and they think they're like a 130, 35.

356
00:13:22,840 --> 00:13:24,960
Yeah, I mean, they're mid-curve, let's be honest,

357
00:13:24,960 --> 00:13:25,960
they're mid-curve.

358
00:13:25,960 --> 00:13:28,360
Like that's, that is a mid-curve.

359
00:13:28,360 --> 00:13:30,920
120 is the most annoying IQ range

360
00:13:30,920 --> 00:13:34,880
because they know just enough to be fucking irritating,

361
00:13:34,880 --> 00:13:37,120
but they don't have enough meta awareness

362
00:13:37,120 --> 00:13:40,120
to know how irritating they are, you know?

363
00:13:40,120 --> 00:13:40,960
It's like the worst.

364
00:13:40,960 --> 00:13:42,800
It's like the consultant class of IQs.

365
00:13:42,800 --> 00:13:44,640
And I say that as somebody who worked in consulting

366
00:13:44,640 --> 00:13:46,240
for a little while, like that's like the consultant

367
00:13:46,240 --> 00:13:47,200
class of IQs.

368
00:13:47,200 --> 00:13:50,440
Like you just, you think you're, it's like,

369
00:13:50,440 --> 00:13:53,400
like Dunning Kruger to the max at like the 120 IQ,

370
00:13:53,400 --> 00:13:55,280
where you're like, you really think you're kind of

371
00:13:55,280 --> 00:13:57,960
an expert on stuff, but you kind of have no fucking clue.

372
00:13:57,960 --> 00:14:00,600
I've said it's like being a football coach, you know,

373
00:14:00,600 --> 00:14:04,080
where it's like, you're just smart enough to win at football,

374
00:14:04,080 --> 00:14:06,600
but just stupid enough to realize devoting your life

375
00:14:06,600 --> 00:14:09,080
to football is retarded, you know?

376
00:14:09,080 --> 00:14:12,800
It's like, great, you're great at football, man.

377
00:14:12,800 --> 00:14:14,320
That's cool, good for you, dude.

378
00:14:14,320 --> 00:14:15,160
Bill Belichick.

379
00:14:15,160 --> 00:14:19,040
This feels like it might have been a personal attack

380
00:14:19,040 --> 00:14:20,040
on Bill Belichick.

381
00:14:20,040 --> 00:14:24,800
I like Bill Belichick, all right.

382
00:14:24,800 --> 00:14:26,480
Sure, sure.

383
00:14:26,480 --> 00:14:28,160
Whatever you say, man.

384
00:14:29,160 --> 00:14:33,680
Oh man, well, like speaking of mid IQs,

385
00:14:33,680 --> 00:14:36,880
and not that IQ should be, not that I'm judging anyone

386
00:14:36,880 --> 00:14:39,160
for how their brain functions.

387
00:14:39,160 --> 00:14:43,880
Again, I'm an equal opportunity,

388
00:14:43,880 --> 00:14:45,600
well, how did I, I was gonna say equal opportunity,

389
00:14:45,600 --> 00:14:46,520
hater, but I don't really hate,

390
00:14:46,520 --> 00:14:49,080
hating's too much like, it takes too much energy and time,

391
00:14:49,080 --> 00:14:50,720
it's just like a waste, right?

392
00:14:50,720 --> 00:14:54,120
But I was thinking just of how much seething cope

393
00:14:54,120 --> 00:14:57,880
there is right now as we start to see Bitcoin running up.

394
00:14:57,880 --> 00:15:01,000
And like, I haven't been around very long with this.

395
00:15:01,000 --> 00:15:04,480
Like for me, I didn't start stacking until 2020.

396
00:15:05,600 --> 00:15:07,920
Like, so it's been, this is basically like,

397
00:15:07,920 --> 00:15:09,960
I had kind of the beginning of that cycle,

398
00:15:09,960 --> 00:15:13,760
like, you know, the nice flash crash down during COVID,

399
00:15:13,760 --> 00:15:16,160
and then it starts running up, and it's like, wow,

400
00:15:16,160 --> 00:15:19,480
this is wild, and this double top, and things are crazy.

401
00:15:19,480 --> 00:15:22,880
And just then this long arduous,

402
00:15:22,880 --> 00:15:26,040
what I, what felt like a long arduous bear market

403
00:15:26,040 --> 00:15:30,080
of again, relentless stacking, because I was like, well,

404
00:15:30,080 --> 00:15:31,960
this is like, I've got a chance here.

405
00:15:31,960 --> 00:15:34,480
You know, I wasn't around in the early days, like this is,

406
00:15:34,480 --> 00:15:36,440
you know, I'm just gonna work hard, keep my nose

407
00:15:36,440 --> 00:15:38,840
to the grindstone and try to stack some sats.

408
00:15:38,840 --> 00:15:41,200
But now things are getting, like,

409
00:15:41,200 --> 00:15:43,960
there's this euphoric feeling again,

410
00:15:43,960 --> 00:15:47,040
which I felt like I only got a glimpse of before.

411
00:15:47,040 --> 00:15:50,600
But I, it feels more like, from my side anyway,

412
00:15:50,600 --> 00:15:53,720
it's like, more of this like calm or zen than euphoria,

413
00:15:53,720 --> 00:15:56,120
because it's kind of like, ah, okay,

414
00:15:56,120 --> 00:16:00,960
things are happening as we sort of expected them to.

415
00:16:00,960 --> 00:16:02,720
Okay, this feels good.

416
00:16:02,720 --> 00:16:04,320
But then there's this whole other, like,

417
00:16:04,320 --> 00:16:07,560
I'm genuinely worried about Peter Schiff's mental health.

418
00:16:07,560 --> 00:16:11,760
Like, I don't know if he's going to make it,

419
00:16:11,760 --> 00:16:14,480
like in multiple ways, but like,

420
00:16:14,480 --> 00:16:17,880
I mean, you've been around for a few cycles now,

421
00:16:17,880 --> 00:16:20,520
like you've seen the Cummings and the Go-ings.

422
00:16:20,520 --> 00:16:23,840
What, like, do you have some advice for folks

423
00:16:23,840 --> 00:16:28,320
that are like, maybe they just started stacking at,

424
00:16:28,320 --> 00:16:31,800
58K last time, and now we've just blown right,

425
00:16:31,800 --> 00:16:35,000
like we just skipped right over 58K basically, like,

426
00:16:35,000 --> 00:16:37,360
what's the advice, like, what's the mentality

427
00:16:37,360 --> 00:16:41,120
that you need to have to maintain sanity and composure?

428
00:16:41,120 --> 00:16:43,240
I think the biggest advice that I could give,

429
00:16:43,240 --> 00:16:45,160
having gone through it myself, is that

430
00:16:47,320 --> 00:16:51,360
everybody wants you to lose, and everybody's against you.

431
00:16:51,360 --> 00:16:55,760
And it doesn't matter how much loyalty you have to the person,

432
00:16:55,760 --> 00:16:57,760
how close you think you are to the person.

433
00:16:57,760 --> 00:17:00,160
I'm talking about very close friends and family.

434
00:17:00,160 --> 00:17:01,880
I'm not talking about people on Twitter.

435
00:17:01,880 --> 00:17:04,040
I'm talking about the people in your real life

436
00:17:04,040 --> 00:17:06,760
who should be in your corner who you will find out quickly

437
00:17:06,760 --> 00:17:08,440
are not in your corner.

438
00:17:08,440 --> 00:17:11,600
Because what happens as you become successful is

439
00:17:11,600 --> 00:17:15,680
your success holds a mirror up to those around you,

440
00:17:15,680 --> 00:17:18,480
and you become a reminder of the risks

441
00:17:18,480 --> 00:17:19,680
that they did not take.

442
00:17:19,680 --> 00:17:22,160
And even if they were initially supportive of you

443
00:17:22,160 --> 00:17:24,520
taking those risks, they were doing so

444
00:17:24,520 --> 00:17:26,480
under the, you know, preconception

445
00:17:26,480 --> 00:17:28,760
that you were going to lose, that you were about to lose.

446
00:17:28,760 --> 00:17:31,240
They thought you were about to become lower status than them.

447
00:17:31,240 --> 00:17:34,240
And then when you became higher status than them,

448
00:17:34,240 --> 00:17:36,600
it doesn't feel good for them anymore,

449
00:17:36,600 --> 00:17:38,160
especially if you were the guy or the girl

450
00:17:38,160 --> 00:17:41,320
who was talking about Bitcoin, you know, incessantly

451
00:17:41,320 --> 00:17:43,360
while it was at the lows.

452
00:17:43,360 --> 00:17:47,560
So what I would say is like, expect the people

453
00:17:47,560 --> 00:17:49,160
that are supposed to be happy for you,

454
00:17:49,160 --> 00:17:53,160
not to be happy for you, and expect to find yourself alone.

455
00:17:53,160 --> 00:17:54,400
Maybe that's not the best answer,

456
00:17:54,400 --> 00:17:57,480
but that's the truth of what you're facing.

457
00:17:57,480 --> 00:17:59,240
And then you have to say to yourself,

458
00:17:59,240 --> 00:18:03,280
okay, I've built up a lot of dead wood around me

459
00:18:03,280 --> 00:18:05,600
in terms of relationships for people

460
00:18:05,600 --> 00:18:09,240
who I was loyal to who are now actively disloyal to me.

461
00:18:09,240 --> 00:18:10,680
And now I have to deal with that.

462
00:18:10,680 --> 00:18:12,600
That's the reality of what I have to deal with.

463
00:18:12,600 --> 00:18:16,720
And how do I deal with all of this excess wood

464
00:18:16,720 --> 00:18:17,680
I have around me?

465
00:18:17,680 --> 00:18:19,360
Do I pick it up and carry it?

466
00:18:19,360 --> 00:18:21,240
Do I carry the weight of everyone?

467
00:18:21,240 --> 00:18:24,680
Do I sit here in inertia and just deal with it?

468
00:18:24,680 --> 00:18:28,360
Or do I set the whole fucking thing ablaze?

469
00:18:28,360 --> 00:18:31,120
And do I move forward without any baggage, right?

470
00:18:31,120 --> 00:18:34,720
And like, you will come to that conclusion on your own

471
00:18:34,720 --> 00:18:36,480
and what's appropriate for you.

472
00:18:36,480 --> 00:18:39,200
Everybody's gonna have a different emotional answer,

473
00:18:39,200 --> 00:18:42,360
but dude, they don't want us to win.

474
00:18:42,360 --> 00:18:43,200
They don't want you to win.

475
00:18:43,200 --> 00:18:45,360
They don't want me to win.

476
00:18:45,360 --> 00:18:48,400
They want you to be a loser forever.

477
00:18:48,400 --> 00:18:49,240
But now you're not.

478
00:18:49,240 --> 00:18:50,600
Like now you're a winner.

479
00:18:50,600 --> 00:18:53,400
And you have to deal with the consequences of winning.

480
00:18:53,400 --> 00:18:54,440
Fuck man.

481
00:18:54,440 --> 00:18:58,040
I mean, just speaking of wood like this price action,

482
00:18:58,040 --> 00:18:59,960
well, wow, but I don't think that's the kind of wood

483
00:18:59,960 --> 00:19:00,800
you were talking about.

484
00:19:00,800 --> 00:19:04,240
But I think that's actually, that's pretty fair advice.

485
00:19:04,240 --> 00:19:07,200
Like, I mean, nothing kind of gives you a window

486
00:19:07,200 --> 00:19:09,520
into who your like true friends are

487
00:19:09,520 --> 00:19:14,520
and who's actually with you to be your real friend,

488
00:19:14,520 --> 00:19:17,880
like getting some modicum of success.

489
00:19:17,880 --> 00:19:20,440
Like, especially I think, for a lot of us,

490
00:19:20,440 --> 00:19:24,000
like we probably have a lot of friends in like Treadfy

491
00:19:24,000 --> 00:19:26,280
and, you know, cause there's so many fucking people

492
00:19:26,280 --> 00:19:28,240
in finance these days, right?

493
00:19:28,240 --> 00:19:33,320
And that's particularly like this industry where

494
00:19:33,320 --> 00:19:36,560
because they were and are still the experts

495
00:19:36,560 --> 00:19:39,920
of their given domain, often they've been some

496
00:19:39,920 --> 00:19:44,600
of the most reticent to, to heed the warnings of Bitcoiners,

497
00:19:44,600 --> 00:19:46,480
whether that be online or like, you know,

498
00:19:46,480 --> 00:19:49,280
your actual friends, I've got to hand it to a few of my boys

499
00:19:49,280 --> 00:19:52,080
though who are like deep in Treadfy

500
00:19:52,080 --> 00:19:54,880
and have genuinely like dug into Bitcoin big time.

501
00:19:54,880 --> 00:19:57,760
After like many, you know, late night debates

502
00:19:57,760 --> 00:20:01,120
over a lot of beers, they, you know, eventually were like,

503
00:20:01,120 --> 00:20:03,080
okay, I'll look into this and like more power to them

504
00:20:03,080 --> 00:20:05,320
because for a lot of those folks in that industry,

505
00:20:05,320 --> 00:20:06,160
that's not the case.

506
00:20:06,160 --> 00:20:08,800
And like you see this right now, like on Twitter,

507
00:20:08,800 --> 00:20:12,440
you see all of these like whatever finance guru, savings,

508
00:20:12,440 --> 00:20:16,720
expert, dividend pro guys who are like just losing

509
00:20:16,720 --> 00:20:21,000
their minds right now as Bitcoin just does what Bitcoin does.

510
00:20:21,000 --> 00:20:23,240
And I mean, it's got to be a little bit hard.

511
00:20:23,240 --> 00:20:26,320
Like, man, I would, I would hate to be a financial advisor

512
00:20:26,320 --> 00:20:29,120
right now who's been like, had clients asking

513
00:20:29,120 --> 00:20:31,320
about Bitcoin and has been telling them like, no, no,

514
00:20:31,320 --> 00:20:34,160
that's not a, not what I would recommend for a investment.

515
00:20:34,160 --> 00:20:35,760
Right, right.

516
00:20:35,760 --> 00:20:39,640
You know, get yourself some SPX and some, you know,

517
00:20:39,640 --> 00:20:43,200
some nice cash producing, cash producing dividend stocks.

518
00:20:43,200 --> 00:20:45,200
And that's that'll, that'll get just set up well.

519
00:20:45,200 --> 00:20:48,440
And meanwhile, Bitcoin's just ripping like,

520
00:20:49,280 --> 00:20:50,120
Yeah.

521
00:20:50,120 --> 00:20:51,160
I don't know, there's a reckoning

522
00:20:51,160 --> 00:20:53,320
that has to come, I think.

523
00:20:53,320 --> 00:20:54,920
And yeah.

524
00:20:54,920 --> 00:20:58,560
I was thinking about this is a little bit off topic from,

525
00:20:58,560 --> 00:20:59,400
you know, it's,

526
00:20:59,400 --> 00:21:00,240
Go anything and jump.

527
00:21:00,240 --> 00:21:05,240
I was thinking about MSTR today and essentially like,

528
00:21:05,680 --> 00:21:09,160
why MSTR is pumping so hard recently.

529
00:21:09,160 --> 00:21:11,640
And then I was thinking about the flywheel that happens

530
00:21:11,640 --> 00:21:13,360
when sailor gets into the S&P 500.

531
00:21:13,360 --> 00:21:16,440
So like sailor gets into the S&P 500.

532
00:21:16,440 --> 00:21:20,000
And all of this dumb money, this fiat money that's just

533
00:21:20,000 --> 00:21:22,800
zombified, these passive flows that are walking

534
00:21:22,800 --> 00:21:26,880
into index portfolios are now buying up SPY or whatever.

535
00:21:26,880 --> 00:21:29,960
And that money is going directly into sailor's hands

536
00:21:29,960 --> 00:21:30,920
in the form of share price.

537
00:21:30,920 --> 00:21:34,000
And he could do a dilution against it to capture the spread

538
00:21:34,000 --> 00:21:35,160
between that and hard money.

539
00:21:35,160 --> 00:21:38,200
So he takes the zombified dumb money that's walking in,

540
00:21:38,200 --> 00:21:40,320
he transfers it into hard money.

541
00:21:40,320 --> 00:21:43,440
The long-term holders of MSTR like myself have been holding

542
00:21:43,440 --> 00:21:45,840
it since he announced, they basically come, you know,

543
00:21:45,840 --> 00:21:48,360
they understand that this is like an Amazon no profit

544
00:21:48,360 --> 00:21:49,600
for 20 years model.

545
00:21:49,600 --> 00:21:51,880
And that we're going to all get more Bitcoin per share

546
00:21:51,880 --> 00:21:52,720
as we go along.

547
00:21:52,720 --> 00:21:54,760
If we just let sailor continue to do this

548
00:21:54,760 --> 00:21:57,280
and zombie attack the passive flows.

549
00:21:57,280 --> 00:22:01,080
How, if you're from the Treadfy world and you don't have

550
00:22:01,080 --> 00:22:03,920
the Bitcoin lens that me and you have,

551
00:22:03,920 --> 00:22:06,560
how are you going to see that?

552
00:22:06,560 --> 00:22:09,040
Because I can see that and it's obvious to me,

553
00:22:09,040 --> 00:22:10,120
how are you going to see that?

554
00:22:10,120 --> 00:22:12,680
Because you're still, your denominator is still USD.

555
00:22:12,680 --> 00:22:14,320
You're still not thinking in Bitcoin.

556
00:22:14,320 --> 00:22:17,480
I've said this before, but Bitcoin is like a language.

557
00:22:17,480 --> 00:22:20,680
It's like a, you know, language is an OS for the human mind.

558
00:22:20,680 --> 00:22:23,440
You have a new baby at home, right?

559
00:22:23,440 --> 00:22:26,320
And as that baby gets older, that baby is going to learn

560
00:22:26,320 --> 00:22:28,960
a new language and language is an unlock for the environment.

561
00:22:28,960 --> 00:22:30,520
And you know, they're going to realize they can say,

562
00:22:30,520 --> 00:22:34,040
dad, that ball, and then you bring them a ball, you know,

563
00:22:34,040 --> 00:22:35,680
you, they can say, dad, out food, whatever,

564
00:22:35,680 --> 00:22:37,600
and you bring them food, right?

565
00:22:37,600 --> 00:22:39,760
Whereas when you take them into like a store

566
00:22:39,760 --> 00:22:41,240
for the first time at Target or something,

567
00:22:41,240 --> 00:22:42,320
they're going to learn that all the things

568
00:22:42,320 --> 00:22:43,880
that they want there cost money.

569
00:22:43,880 --> 00:22:45,440
And then they start to learn a second language

570
00:22:45,440 --> 00:22:46,400
and that's the language of money.

571
00:22:46,400 --> 00:22:48,760
So Bitcoin's an OS for the human mind.

572
00:22:48,760 --> 00:22:52,280
It's an operating system upgrade in terms of the language

573
00:22:52,280 --> 00:22:55,280
of money and people that have this operating system upgrade,

574
00:22:55,280 --> 00:22:56,760
they're thinking in this language

575
00:22:56,760 --> 00:22:58,680
and speaking this language to each other.

576
00:22:58,680 --> 00:23:01,840
They're vastly outperforming people who have the old,

577
00:23:01,840 --> 00:23:04,520
you know, just standard USD language, right?

578
00:23:04,520 --> 00:23:07,400
So like how long does it take for the world to upgrade

579
00:23:07,400 --> 00:23:09,280
and figure out that that's what's actually going on?

580
00:23:09,280 --> 00:23:11,040
Because to me, somebody who can,

581
00:23:11,040 --> 00:23:13,360
who's bilingual in both of these languages,

582
00:23:13,360 --> 00:23:15,880
I can see things immediately that are not,

583
00:23:15,880 --> 00:23:17,600
you know, eminently clear to others.

584
00:23:17,600 --> 00:23:19,720
And that's the opportunity, by the way.

585
00:23:20,800 --> 00:23:23,440
No, it's, I mean, it really is amazing.

586
00:23:23,440 --> 00:23:25,160
I think what's most incredible about this,

587
00:23:25,160 --> 00:23:27,800
the whole sailor saga, like first of all,

588
00:23:27,800 --> 00:23:28,640
that like, you know, some of those,

589
00:23:28,640 --> 00:23:30,720
his older tweets resurfaced, you know,

590
00:23:30,720 --> 00:23:33,920
from like whatever, like 2013 or 2014, when he was like,

591
00:23:33,920 --> 00:23:35,720
I think Bitcoin's like going, you know,

592
00:23:35,720 --> 00:23:37,760
like this is its last hurrah or something.

593
00:23:37,760 --> 00:23:41,120
And honestly, more power and respect to him

594
00:23:41,120 --> 00:23:43,680
for coming from that point of view

595
00:23:43,680 --> 00:23:46,560
than deciding I'm going to fucking educate myself.

596
00:23:46,560 --> 00:23:47,440
And then I think, you know,

597
00:23:47,440 --> 00:23:49,120
going deeper down the rabbit hole

598
00:23:49,120 --> 00:23:51,840
than many thought it was humanly possible to do.

599
00:23:51,840 --> 00:23:55,160
And now being just taking it to the extreme

600
00:23:55,160 --> 00:23:58,080
and saying, well, I'm going to use the instruments

601
00:23:58,080 --> 00:24:01,840
of this broken fiat system to acquire as much Bitcoin

602
00:24:01,840 --> 00:24:06,120
as I can and make my company incredibly valuable

603
00:24:06,120 --> 00:24:06,960
by doing so.

604
00:24:06,960 --> 00:24:08,560
And I'm going to do it all by the book.

605
00:24:08,560 --> 00:24:11,520
And I'm also going to tell everybody every step of the way,

606
00:24:11,520 --> 00:24:13,600
I'm not trying to do this behind the scenes.

607
00:24:13,600 --> 00:24:14,800
I'm doing it out in the open.

608
00:24:14,800 --> 00:24:17,000
And like, here's my playbook, you can copy it.

609
00:24:17,000 --> 00:24:17,840
Yeah.

610
00:24:17,840 --> 00:24:19,640
And still now we just don't see

611
00:24:19,640 --> 00:24:24,640
to really any copycats that are outside of the Bitcoin industry.

612
00:24:24,640 --> 00:24:25,800
MSTR is the one and done.

613
00:24:25,800 --> 00:24:26,960
We were talking about this the other day.

614
00:24:26,960 --> 00:24:28,360
It's like, first of all,

615
00:24:28,360 --> 00:24:30,160
I don't think he's really speculative

616
00:24:30,160 --> 00:24:31,520
of attacking the dollar the same way

617
00:24:31,520 --> 00:24:32,680
people have been saying he is.

618
00:24:32,680 --> 00:24:35,960
I think he's speculative of attacking the US stock market

619
00:24:35,960 --> 00:24:37,280
and the passive flows.

620
00:24:37,280 --> 00:24:40,200
I think that's what he's doing, which is fucking genius.

621
00:24:40,200 --> 00:24:41,680
And you know, it finally clicked for me

622
00:24:41,680 --> 00:24:42,920
like a few years later.

623
00:24:42,920 --> 00:24:43,840
But think about it, if you're,

624
00:24:43,840 --> 00:24:46,000
let's say you're like one of these zombie companies,

625
00:24:46,000 --> 00:24:49,040
like MSTR was nothing.

626
00:24:49,040 --> 00:24:50,560
None of us had ever heard of it.

627
00:24:50,560 --> 00:24:51,480
We didn't know what it was.

628
00:24:51,480 --> 00:24:52,880
MSTR was nothing.

629
00:24:52,880 --> 00:24:54,040
None of us had ever heard of it

630
00:24:54,040 --> 00:24:55,800
before Michael Saylor announced that he bought Bitcoin.

631
00:24:55,800 --> 00:24:57,200
So it was basically a zombie company,

632
00:24:57,200 --> 00:24:59,800
like a GameStop or an AMC or something, right?

633
00:24:59,800 --> 00:25:02,000
So let's say you're another one of these zombie companies

634
00:25:02,000 --> 00:25:04,920
and you take the MSTR model

635
00:25:04,920 --> 00:25:07,520
and you try and take your free cash flows into Bitcoin.

636
00:25:07,520 --> 00:25:08,720
What are you gonna get your hands on?

637
00:25:08,720 --> 00:25:10,920
2,000 Bitcoin maybe?

638
00:25:10,920 --> 00:25:14,040
How does that compare to Michael Saylor's 200,000 Bitcoin?

639
00:25:14,040 --> 00:25:16,600
Like, no, you're not gonna be able to catch him.

640
00:25:16,600 --> 00:25:17,840
This is a one and done.

641
00:25:17,840 --> 00:25:20,840
He's about to make it into the S&P 500

642
00:25:20,840 --> 00:25:22,680
where he can perform the vampire attack

643
00:25:22,680 --> 00:25:24,680
of all vampire attacks on the passive flows.

644
00:25:24,680 --> 00:25:26,600
I mean, dude, it's like, it's game over.

645
00:25:26,600 --> 00:25:27,920
It's gonna be one of the most pop,

646
00:25:27,920 --> 00:25:31,880
watching that stock climates way up the S&P 500 chart

647
00:25:31,880 --> 00:25:34,920
into being one of the five most valuable companies

648
00:25:34,920 --> 00:25:37,000
in the world and potentially the most valuable company

649
00:25:37,000 --> 00:25:39,080
in the world is going to be one of the craziest things

650
00:25:39,080 --> 00:25:40,000
we've ever witnessed.

651
00:25:40,000 --> 00:25:41,960
And it's gonna rewrite everybody's perception

652
00:25:41,960 --> 00:25:43,400
of what is going on, you know?

653
00:25:43,400 --> 00:25:46,280
And so I'm not saying you should be 100% MSTR allocator

654
00:25:46,280 --> 00:25:47,800
or something, I'm not.

655
00:25:47,800 --> 00:25:49,000
But maybe you have a little bit

656
00:25:49,000 --> 00:25:50,680
in your retirement account or whatever.

657
00:25:50,680 --> 00:25:52,520
And also it's the story.

658
00:25:52,520 --> 00:25:54,600
It's the story of the world's,

659
00:25:54,600 --> 00:25:56,600
potentially the world's most profitable company

660
00:25:56,600 --> 00:25:59,320
in the future will be a company that just holds Bitcoin.

661
00:25:59,320 --> 00:26:02,640
That will destroy people's minds, you know?

662
00:26:02,640 --> 00:26:04,280
It really is incredible too.

663
00:26:04,280 --> 00:26:05,800
And the fact that he's also,

664
00:26:05,800 --> 00:26:07,520
because you're right, I did not,

665
00:26:07,520 --> 00:26:11,360
didn't know what MicroStrategy was or did

666
00:26:11,360 --> 00:26:14,080
until he started accumulating Bitcoin.

667
00:26:14,080 --> 00:26:14,920
And it's like you look at, okay,

668
00:26:14,920 --> 00:26:17,120
like enterprise software and say, okay,

669
00:26:17,120 --> 00:26:19,520
whatever, but now he's like, okay,

670
00:26:19,520 --> 00:26:21,040
we're also gonna build,

671
00:26:21,040 --> 00:26:24,480
we're gonna build out solutions on Bitcoin and Lightning.

672
00:26:24,480 --> 00:26:27,160
And we're gonna take a little bit of our workforce

673
00:26:27,160 --> 00:26:28,880
and dedicate their time to that

674
00:26:28,880 --> 00:26:30,480
as we're accumulating the hardest money

675
00:26:30,480 --> 00:26:32,080
that humans have ever discovered.

676
00:26:32,080 --> 00:26:32,920
Yep.

677
00:26:32,920 --> 00:26:34,160
And so they've got such a,

678
00:26:34,160 --> 00:26:35,320
I think you're right in the one off,

679
00:26:35,320 --> 00:26:37,360
because I mean, unless,

680
00:26:38,240 --> 00:26:41,520
unless like Google or Apple or one of these, you know,

681
00:26:41,520 --> 00:26:44,040
giants decides like, okay, we're gonna, you know,

682
00:26:44,040 --> 00:26:47,000
we're gonna put $20 billion into Bitcoin.

683
00:26:47,000 --> 00:26:49,680
But I just, I have a hard time seeing them doing that.

684
00:26:49,680 --> 00:26:52,400
I just, I think it's outside of their playbook.

685
00:26:52,400 --> 00:26:54,440
That's just not something that like,

686
00:26:54,440 --> 00:26:58,320
that they have the capacity or the willpower to do.

687
00:26:59,160 --> 00:27:02,800
And he, Michael Saylor is gonna go down like,

688
00:27:02,800 --> 00:27:06,160
that is gonna be the case study of all case studies.

689
00:27:06,160 --> 00:27:08,920
Like look what this company did

690
00:27:08,920 --> 00:27:11,040
and look how it affected their performance.

691
00:27:11,040 --> 00:27:13,520
And like, good on you if you were holding some

692
00:27:13,520 --> 00:27:16,080
because you were getting a little bit

693
00:27:16,080 --> 00:27:17,920
of extra kickback on top of Bitcoin.

694
00:27:17,920 --> 00:27:19,480
Because now, I mean, that's the beauty of it.

695
00:27:19,480 --> 00:27:20,400
People are like, oh, well, you know,

696
00:27:20,400 --> 00:27:22,720
he's gonna dilute the shares more, you know,

697
00:27:22,720 --> 00:27:23,800
to buy more Bitcoin.

698
00:27:23,800 --> 00:27:26,320
It's like, yeah, to buy more Bitcoin,

699
00:27:26,320 --> 00:27:28,800
to give you a higher amount of Bitcoin per share

700
00:27:28,800 --> 00:27:30,560
than you had before.

701
00:27:30,560 --> 00:27:33,160
That's really the only number that matters there is,

702
00:27:33,160 --> 00:27:35,120
doesn't matter how many shares he issues,

703
00:27:35,120 --> 00:27:37,760
do you have more or less Bitcoin per share?

704
00:27:37,760 --> 00:27:38,680
That's what it comes down to.

705
00:27:38,680 --> 00:27:41,160
Like that's the value prop basically,

706
00:27:41,160 --> 00:27:44,800
in addition to having a profitable business on the side.

707
00:27:44,800 --> 00:27:47,640
Like, so it's honestly a beautiful thing.

708
00:27:47,640 --> 00:27:51,400
Like, you know, I don't have a lot of stocks.

709
00:27:51,400 --> 00:27:54,320
I've gone fairly deep into Bitcoin,

710
00:27:54,320 --> 00:27:57,000
but MicroStrategy is one of the few that I do

711
00:27:57,000 --> 00:28:00,560
because that's something that I can actually

712
00:28:00,560 --> 00:28:02,000
sink my teeth into.

713
00:28:02,000 --> 00:28:06,360
And yeah, it's fucking beautiful to watch it though.

714
00:28:06,360 --> 00:28:10,240
To watch just these brains melt too, seeing it happen.

715
00:28:10,240 --> 00:28:13,400
He's a one-off in terms of companies.

716
00:28:13,400 --> 00:28:15,640
And we are a one-off in terms,

717
00:28:15,640 --> 00:28:16,680
we're talking about ancestry,

718
00:28:16,680 --> 00:28:19,200
like think of the long, the blockchain of humanity

719
00:28:19,200 --> 00:28:20,560
that you exist at.

720
00:28:20,560 --> 00:28:24,400
Well, by luck or by happenstance or by divine provenance,

721
00:28:24,400 --> 00:28:29,080
like you are at the cornerstone of the changing of money

722
00:28:29,080 --> 00:28:30,960
from analog to digital.

723
00:28:30,960 --> 00:28:32,520
That's a big fucking deal.

724
00:28:32,520 --> 00:28:35,680
It's a big deal because really Fiat to me is a blip.

725
00:28:35,680 --> 00:28:37,120
It's nothing, it's an error code.

726
00:28:37,120 --> 00:28:41,680
Like Fiat is running on the fumes of the gold standard.

727
00:28:41,680 --> 00:28:43,760
Really, humanity has two monies.

728
00:28:43,760 --> 00:28:46,240
It has gold for 5,000 years,

729
00:28:46,240 --> 00:28:50,080
and then it has Bitcoin, digital gold for the next 5,000 years.

730
00:28:50,080 --> 00:28:54,640
And by sheer dumb luck or by, you know what I mean, divinity,

731
00:28:54,640 --> 00:28:58,920
we happen to be at the precipice of this changeover

732
00:28:58,920 --> 00:29:01,200
and nobody knows that it's happening

733
00:29:01,200 --> 00:29:03,160
except for the people that are here.

734
00:29:03,160 --> 00:29:06,080
And the number one question that every millennials' grandchildren

735
00:29:06,080 --> 00:29:08,920
are gonna ask them is, why didn't you buy Bitcoin?

736
00:29:08,920 --> 00:29:10,600
What were you doing?

737
00:29:10,600 --> 00:29:12,600
How did you not see this?

738
00:29:12,600 --> 00:29:14,240
But of course they won't be able to see it

739
00:29:14,240 --> 00:29:17,640
because it's only the crazy people like us who can see it,

740
00:29:17,640 --> 00:29:18,760
you know, for now.

741
00:29:18,760 --> 00:29:21,320
Eventually maybe like after this bull run gets going

742
00:29:21,320 --> 00:29:23,200
and it's a million dollars a coin

743
00:29:23,200 --> 00:29:25,560
and MicroStrategy is one of those profitable companies

744
00:29:25,560 --> 00:29:27,080
in the world and blah, blah, blah, blah, blah.

745
00:29:27,080 --> 00:29:29,240
It becomes really hard to ignore it at that point.

746
00:29:29,240 --> 00:29:33,240
Like I think I just read on Twitter at $200,000 of Bitcoin,

747
00:29:33,240 --> 00:29:37,080
Bitcoin is more profitable than every company in the S&P 500.

748
00:29:37,080 --> 00:29:38,520
Like Bitcoin has a higher market cap

749
00:29:38,520 --> 00:29:40,000
than every company in the S&P 500.

750
00:29:40,000 --> 00:29:42,640
So Bitcoin outweighs Apple Computer,

751
00:29:42,640 --> 00:29:46,560
Saudi Aramco, Exxon, Coca-Cola, et cetera.

752
00:29:46,560 --> 00:29:47,680
You can't ignore that.

753
00:29:47,680 --> 00:29:49,480
It's impossible, you know?

754
00:29:49,480 --> 00:29:52,000
If you wanna keep your Bitcoins at a long haul

755
00:29:52,000 --> 00:29:53,800
so your children and grandchildren

756
00:29:53,800 --> 00:29:56,480
and great-grandchildren can benefit from it,

757
00:29:56,480 --> 00:29:58,240
you need to keep it safe.

758
00:29:58,240 --> 00:30:01,840
So head to bitbox.swiss slash walker

759
00:30:01,840 --> 00:30:05,960
and use promo code walker for 5% off the Bitcoin only

760
00:30:05,960 --> 00:30:08,080
Bitbox O2 hardware wallet.

761
00:30:08,080 --> 00:30:10,440
Then get your Bitcoin off the exchange

762
00:30:10,440 --> 00:30:12,360
and into your own self-custody.

763
00:30:12,360 --> 00:30:14,680
The Bitbox O2 is easy as hell to use

764
00:30:14,680 --> 00:30:16,360
whether you are totally new to Bitcoin

765
00:30:16,360 --> 00:30:18,320
or a seasoned psychopath.

766
00:30:18,320 --> 00:30:21,480
It's Bitcoin only and it is fully open source.

767
00:30:21,480 --> 00:30:24,320
You can head to their GitHub and check for yourself.

768
00:30:24,320 --> 00:30:25,680
There is no need to trust me.

769
00:30:25,680 --> 00:30:28,480
When you go to bitbox.swiss slash walker

770
00:30:28,480 --> 00:30:30,120
and use promo code walker,

771
00:30:30,120 --> 00:30:32,000
not only do you get 5% off,

772
00:30:32,000 --> 00:30:35,320
but you also help support another fucking Bitcoin podcast.

773
00:30:35,320 --> 00:30:37,400
This one, so thank you.

774
00:30:37,400 --> 00:30:38,280
And I mean, that's the thing.

775
00:30:38,280 --> 00:30:42,080
We've got this confluence of factors right now

776
00:30:42,080 --> 00:30:46,480
where you have just these four year cycles,

777
00:30:46,480 --> 00:30:51,080
these having cycles that are gonna happen no matter what

778
00:30:51,080 --> 00:30:54,320
and we can look back at the fairly short history of Bitcoin

779
00:30:54,320 --> 00:30:56,600
and see what has happened in the past

780
00:30:56,600 --> 00:30:59,320
and know that if we just take

781
00:30:59,320 --> 00:31:01,480
the most fucking basic economics ever,

782
00:31:01,480 --> 00:31:03,960
which is supply and demand,

783
00:31:03,960 --> 00:31:06,080
that we've got an ever-increasing demand

784
00:31:06,080 --> 00:31:07,520
and a finite supply,

785
00:31:07,520 --> 00:31:10,280
which is exponentially decreasing in new issuance

786
00:31:10,280 --> 00:31:13,720
every four years until it's completely zero.

787
00:31:14,560 --> 00:31:16,880
And that's happening no matter what, right?

788
00:31:16,880 --> 00:31:17,760
But then on top of that,

789
00:31:17,760 --> 00:31:20,120
you've got the fact that, well, fuck,

790
00:31:20,120 --> 00:31:21,640
we've got these ETFs now,

791
00:31:21,640 --> 00:31:23,920
which like them or not, whether you view them,

792
00:31:23,920 --> 00:31:26,480
as Bitcoin is the Trojan horse into Wall Street

793
00:31:26,480 --> 00:31:28,080
through these ETFs or vice versa,

794
00:31:28,080 --> 00:31:31,440
Wall Street is Trojan horsing their way into Bitcoin

795
00:31:31,440 --> 00:31:33,400
through the ETFs, whatever.

796
00:31:33,400 --> 00:31:36,640
It's just a huge fucking amount of money

797
00:31:36,640 --> 00:31:37,480
that's flowing in now.

798
00:31:37,480 --> 00:31:38,560
Right.

799
00:31:38,560 --> 00:31:43,560
And that is on top of all the fucking psychopathic stackers

800
00:31:44,440 --> 00:31:47,520
who are just DC, daily DCAing,

801
00:31:47,520 --> 00:31:50,720
little bit every day and just have said it and forget it

802
00:31:50,720 --> 00:31:52,040
and that's gonna keep on happening

803
00:31:52,040 --> 00:31:54,560
and then they've smashed by when they feel like it.

804
00:31:54,560 --> 00:31:57,840
This is my, I'm giving away my secret strategy here

805
00:31:57,840 --> 00:32:01,720
of DCA a little bit of money and then smashed by

806
00:32:01,720 --> 00:32:04,000
when I'm feeling frisky.

807
00:32:04,000 --> 00:32:07,560
But like all of that just keeps accumulating

808
00:32:07,560 --> 00:32:10,400
and the having's coming up now.

809
00:32:10,400 --> 00:32:11,680
And the funny thing is that like,

810
00:32:11,680 --> 00:32:16,680
I've only gotten like one reach out from Normiland so far.

811
00:32:18,080 --> 00:32:18,920
Same.

812
00:32:18,920 --> 00:32:19,760
Okay.

813
00:32:19,760 --> 00:32:20,600
I've had one.

814
00:32:20,600 --> 00:32:21,440
I was gonna ask you.

815
00:32:21,440 --> 00:32:23,880
So it feels like we're just, we're not even at,

816
00:32:23,880 --> 00:32:25,280
this isn't even hype yet.

817
00:32:25,280 --> 00:32:28,840
Like this is still just like before people realize

818
00:32:28,840 --> 00:32:32,640
there's hype and once that starts happening, it's like,

819
00:32:33,600 --> 00:32:37,560
man, the Bitcoin new supply issuance is getting cut in half

820
00:32:37,560 --> 00:32:39,800
no matter what and nobody's gonna stop that.

821
00:32:39,800 --> 00:32:43,720
And there's only gonna be a few Bitcoin coming out

822
00:32:43,720 --> 00:32:48,120
every day and boy, things are gonna get really fucking wild.

823
00:32:48,120 --> 00:32:51,720
Plus we've got this, you know, global election year.

824
00:32:51,720 --> 00:32:54,720
I think it's like 50 different countries are having elections.

825
00:32:54,720 --> 00:32:57,040
So everybody's gonna be, all the central bankers

826
00:32:57,040 --> 00:33:00,920
are under pressure to like ease up monetary conditions.

827
00:33:00,920 --> 00:33:03,840
Because I think what people also forget is like this past

828
00:33:03,840 --> 00:33:06,040
what year and a half or so,

829
00:33:06,040 --> 00:33:09,480
we've had the greatest monetary tightening,

830
00:33:09,480 --> 00:33:12,720
like relatively speaking, pretty much in fiat history.

831
00:33:12,720 --> 00:33:15,880
Like the M2 went down.

832
00:33:15,880 --> 00:33:19,360
Like it, this is, we shrank the amount of money

833
00:33:19,360 --> 00:33:21,440
in the system, we pulled liquidity out.

834
00:33:21,440 --> 00:33:24,200
And during that time, Bitcoin's also ripping

835
00:33:24,200 --> 00:33:25,840
in petrodollar value.

836
00:33:25,840 --> 00:33:28,600
So what happens when they start warming those printers

837
00:33:28,600 --> 00:33:30,680
back up again and things start,

838
00:33:30,680 --> 00:33:32,760
like it's gonna get fucking nuts.

839
00:33:32,760 --> 00:33:34,480
And I don't think it's gonna get crazy.

840
00:33:34,480 --> 00:33:36,320
It's hilarious that like everybody told me

841
00:33:36,320 --> 00:33:38,400
that can't happen with Bitcoin.

842
00:33:38,400 --> 00:33:41,200
Bitcoin can't go up in a high rate environment.

843
00:33:41,200 --> 00:33:43,120
It's like, well, here we are stupid.

844
00:33:43,120 --> 00:33:44,840
How do you feel now?

845
00:33:44,840 --> 00:33:45,720
Do you feel dumb?

846
00:33:45,720 --> 00:33:47,960
You look dumb, you know?

847
00:33:47,960 --> 00:33:48,800
Come on, man.

848
00:33:48,800 --> 00:33:52,760
I mean, Bitcoin is a host unto itself.

849
00:33:52,760 --> 00:33:55,240
Okay, you trying to slot Bitcoin.

850
00:33:55,240 --> 00:33:56,600
Bitcoin is alien technology.

851
00:33:56,600 --> 00:33:58,840
You trying to slot Bitcoin into your stupid worldview?

852
00:33:58,840 --> 00:34:01,240
It doesn't exist in your stupid worldview.

853
00:34:01,240 --> 00:34:04,200
It is larger than your frame of reference, all right?

854
00:34:04,200 --> 00:34:05,920
So like anytime you think you know

855
00:34:05,920 --> 00:34:07,680
what the fuck is about to happen here,

856
00:34:07,680 --> 00:34:09,080
you don't know shit.

857
00:34:09,080 --> 00:34:10,600
None of us know shit.

858
00:34:10,600 --> 00:34:13,920
And the best thing you can do is humble yourself, right?

859
00:34:13,920 --> 00:34:16,160
You gotta stay humble, Stacksats.

860
00:34:16,160 --> 00:34:17,040
And you know what I mean?

861
00:34:17,040 --> 00:34:21,200
It's like, dude, it's frustrating to do.

862
00:34:21,200 --> 00:34:22,120
So frustrating.

863
00:34:22,120 --> 00:34:24,480
I'm thinking of like three people in specific

864
00:34:24,480 --> 00:34:26,120
to just annoy the shit out of me.

865
00:34:27,280 --> 00:34:29,000
Everybody's so wildly confident

866
00:34:29,000 --> 00:34:29,960
about what's gonna happen here.

867
00:34:29,960 --> 00:34:33,280
And it's like, you know, like one thing we were talking about

868
00:34:33,280 --> 00:34:36,440
is like all the time high before the happening, right?

869
00:34:36,440 --> 00:34:37,920
That's never happened before.

870
00:34:37,920 --> 00:34:39,640
We were talking about this during the bear market

871
00:34:39,640 --> 00:34:41,160
when we was at 15K.

872
00:34:41,160 --> 00:34:42,880
Because what do Bitcoiners know?

873
00:34:42,880 --> 00:34:44,320
The number one thing that Bitcoin is gonna do

874
00:34:44,320 --> 00:34:47,320
is the thing that it's never fucking done before, right?

875
00:34:47,320 --> 00:34:48,440
And what has it never done before?

876
00:34:48,440 --> 00:34:49,840
All the time high before the happen.

877
00:34:49,840 --> 00:34:50,680
We're about to do it.

878
00:34:50,680 --> 00:34:53,160
We're not there yet, but like it's coming soon.

879
00:34:53,160 --> 00:34:54,960
Everybody can see it.

880
00:34:54,960 --> 00:34:56,600
So I mean, yeah, just,

881
00:34:56,600 --> 00:34:58,520
you gotta have an extreme amount of humility

882
00:34:58,520 --> 00:35:00,640
to fucking play this game, man.

883
00:35:00,640 --> 00:35:03,600
You can't think that you know how the world works.

884
00:35:03,600 --> 00:35:05,360
Because the world works differently now.

885
00:35:05,360 --> 00:35:07,600
I think one of the mistakes I made

886
00:35:07,600 --> 00:35:10,600
originally with Bitcoin was thinking,

887
00:35:10,600 --> 00:35:12,240
yeah, Bitcoin's gonna go to a million dollars

888
00:35:12,240 --> 00:35:14,480
or Bitcoin's gonna go to 10 million dollars or whatever.

889
00:35:14,480 --> 00:35:16,000
And that the world would be the same.

890
00:35:16,000 --> 00:35:17,480
Just with Bitcoin at a million dollars.

891
00:35:17,480 --> 00:35:20,240
And then, you know, I've been here almost 10 years now

892
00:35:20,240 --> 00:35:21,800
and I look back and I think,

893
00:35:21,800 --> 00:35:24,600
God damn it, the world is so fucking different.

894
00:35:24,600 --> 00:35:27,600
It's so crazy how much the world has shifted

895
00:35:27,600 --> 00:35:29,600
in only 10 years.

896
00:35:29,600 --> 00:35:33,000
And it's gonna shift even harder the next 10 likely.

897
00:35:33,000 --> 00:35:37,320
Like it feels like we're in some sort of early 1900s era

898
00:35:37,320 --> 00:35:40,840
where like, you know, the aristocrats still have control

899
00:35:40,840 --> 00:35:42,560
of like the legacy institutions,

900
00:35:42,560 --> 00:35:44,280
but technology is at the gates.

901
00:35:44,280 --> 00:35:47,320
And all you need is like the powder keg of World War I

902
00:35:47,320 --> 00:35:50,160
to set off this wave of, you know,

903
00:35:50,160 --> 00:35:52,360
enlightenment across Europe and like,

904
00:35:52,360 --> 00:35:53,760
yeah, that's where we're at right now

905
00:35:53,760 --> 00:35:55,400
across the entire world.

906
00:35:55,400 --> 00:35:58,160
And the times there are changing, you know what I mean?

907
00:35:58,160 --> 00:36:02,760
It's like digital transformation is so rapid and so,

908
00:36:04,400 --> 00:36:06,400
yeah, just it's earth shaking.

909
00:36:06,400 --> 00:36:07,760
It's earth shattering.

910
00:36:07,760 --> 00:36:09,840
So for you to think, you know what's gonna happen

911
00:36:09,840 --> 00:36:12,840
because you have an econ degree, fuck off.

912
00:36:13,800 --> 00:36:15,720
You don't know shit, you know?

913
00:36:15,720 --> 00:36:16,800
Nobody does.

914
00:36:16,800 --> 00:36:20,160
Yeah, it's, I don't know.

915
00:36:20,160 --> 00:36:24,040
It's, I think humans are generally really bad

916
00:36:24,040 --> 00:36:28,400
at anticipating rate of change.

917
00:36:28,400 --> 00:36:33,160
Like we can often see that a change is coming,

918
00:36:33,160 --> 00:36:38,080
but we are even the best among us are very poor judges

919
00:36:38,080 --> 00:36:41,560
of how quickly that change happens

920
00:36:41,560 --> 00:36:44,080
and how quickly it propagates.

921
00:36:44,080 --> 00:36:48,440
And those changes are typically technology driven

922
00:36:48,440 --> 00:36:49,960
as you were kind of getting at.

923
00:36:49,960 --> 00:36:54,960
Like these technology is what drives these revolutions

924
00:36:55,480 --> 00:36:58,600
because it's, it forces change on people

925
00:36:58,600 --> 00:37:01,680
who were not going to make those changes voluntarily.

926
00:37:01,680 --> 00:37:04,120
And usually those people are the old guard,

927
00:37:04,120 --> 00:37:06,440
the entrenched power structures.

928
00:37:06,440 --> 00:37:11,080
And it allows for a new class to emerge

929
00:37:11,080 --> 00:37:13,600
who is open to these changes

930
00:37:13,600 --> 00:37:14,640
because they say, well, you know what?

931
00:37:14,640 --> 00:37:17,240
This current fucking system kind of sucks

932
00:37:17,240 --> 00:37:19,360
for the majority of people and I don't really like it.

933
00:37:19,360 --> 00:37:20,480
So we're gonna do something different.

934
00:37:20,480 --> 00:37:22,480
And yeah, I'm gonna profit off it

935
00:37:22,480 --> 00:37:26,120
because I'm seeing it before these old farts do.

936
00:37:26,120 --> 00:37:29,560
And like this is, you know, this just keeps on happening

937
00:37:29,560 --> 00:37:32,240
and it's gonna be really,

938
00:37:34,880 --> 00:37:36,360
I always struggle with the idea of like, you know,

939
00:37:36,360 --> 00:37:38,720
people talk about like hyperbit quantization

940
00:37:38,720 --> 00:37:40,800
and what that looks like and when it's gonna happen.

941
00:37:40,800 --> 00:37:42,240
And people thinking, you know,

942
00:37:42,240 --> 00:37:44,800
like the world will be on this Bitcoin standard,

943
00:37:44,800 --> 00:37:47,120
like, you know, within, you know, 10 years, 20 years,

944
00:37:47,120 --> 00:37:48,320
whatever it might be.

945
00:37:48,320 --> 00:37:49,920
I struggle with the timelines for those,

946
00:37:49,920 --> 00:37:51,800
but then I have to check myself and say,

947
00:37:51,800 --> 00:37:52,640
well, you know what, Walker,

948
00:37:52,640 --> 00:37:54,120
you're probably pretty fucking bad

949
00:37:54,120 --> 00:37:57,920
at guessing how quickly things could change.

950
00:37:57,920 --> 00:37:59,760
Like that's the thing.

951
00:37:59,760 --> 00:38:03,160
And I see, I'm very interested

952
00:38:03,160 --> 00:38:06,120
by what different sovereign nations are doing

953
00:38:06,120 --> 00:38:08,000
with regard to Bitcoin.

954
00:38:08,000 --> 00:38:10,760
Like I was talking with with Samson about this

955
00:38:10,760 --> 00:38:13,160
because he's like very tapped into that.

956
00:38:13,160 --> 00:38:15,360
You see, you know, all these speculations about like,

957
00:38:15,360 --> 00:38:18,960
okay, is Oman now the gonna be the big sovereign buyer

958
00:38:18,960 --> 00:38:21,800
of Bitcoin because they were in Madeira

959
00:38:21,800 --> 00:38:23,400
and they were in El Salvador before that.

960
00:38:23,400 --> 00:38:25,520
And like, well, it looks like it.

961
00:38:25,520 --> 00:38:28,600
But like, I'm curious what your thoughts are

962
00:38:28,600 --> 00:38:33,600
on how this game theory of sovereign nations realizing,

963
00:38:35,360 --> 00:38:37,880
mm, fuck, maybe it's a good idea

964
00:38:37,880 --> 00:38:39,120
to get some of this Bitcoin thing

965
00:38:39,120 --> 00:38:42,560
in case it catches on, like how that starts playing out

966
00:38:42,560 --> 00:38:44,680
because like right now the US government is sitting

967
00:38:44,680 --> 00:38:48,280
on like a micro strategy size or no, they have,

968
00:38:48,280 --> 00:38:49,400
wait, the US government has like,

969
00:38:49,400 --> 00:38:52,200
I think what, 200,000 Bitcoin, something like that

970
00:38:52,200 --> 00:38:54,240
that they've seized between Bitfinex,

971
00:38:54,240 --> 00:38:56,520
the Bitfinex hack and a couple other things.

972
00:38:56,520 --> 00:38:57,760
I think it's something like that.

973
00:38:57,760 --> 00:38:58,680
I think most of it is not

974
00:38:58,680 --> 00:39:00,440
in their possession anymore though, isn't it?

975
00:39:00,440 --> 00:39:01,280
Okay. I don't know.

976
00:39:01,280 --> 00:39:02,360
I'm not up to date on this,

977
00:39:02,360 --> 00:39:05,520
but usually they get rid of it pretty quickly.

978
00:39:05,520 --> 00:39:08,000
I think that they've brought in,

979
00:39:08,000 --> 00:39:09,000
I'll have to double check this,

980
00:39:09,000 --> 00:39:11,240
but I'm pretty sure they brought in a bunch more,

981
00:39:11,240 --> 00:39:12,840
like took it out of the hackers,

982
00:39:12,840 --> 00:39:17,560
like, you know, wallets and are now in possession of it.

983
00:39:17,560 --> 00:39:19,640
And they're probably debating right now, like,

984
00:39:19,640 --> 00:39:21,200
because I think it's the US Marshall service

985
00:39:21,200 --> 00:39:23,480
who's in control of that for whatever reason.

986
00:39:23,480 --> 00:39:25,720
Like, what do we do with all this Bitcoin?

987
00:39:25,720 --> 00:39:28,400
And it's like, well, boy, you should really just,

988
00:39:28,400 --> 00:39:31,160
just really just hold the fuck onto that.

989
00:39:31,160 --> 00:39:35,280
And probably print is talking with Pierre Roussard.

990
00:39:35,280 --> 00:39:36,920
And he was like, why is the US government

991
00:39:36,920 --> 00:39:38,960
not just printing dollars to buy Bitcoin?

992
00:39:38,960 --> 00:39:41,440
There's, it'd be ridiculous to sell Bitcoin for dollars

993
00:39:41,440 --> 00:39:42,840
when they can just create them for free.

994
00:39:42,840 --> 00:39:44,520
Like that's just stupid.

995
00:39:44,520 --> 00:39:47,920
But what are you, I don't know, what's your take on that?

996
00:39:47,920 --> 00:39:50,240
Well, how do you, what are you looking for

997
00:39:50,240 --> 00:39:51,480
amongst these sovereigns?

998
00:39:51,480 --> 00:39:52,320
Like, do you think we're going to start

999
00:39:52,320 --> 00:39:53,760
to see this scramble this year?

1000
00:39:53,760 --> 00:39:56,760
Is there going to be like a big coming out

1001
00:39:56,760 --> 00:39:58,360
of the woodwork of sovereigns being like,

1002
00:39:58,360 --> 00:40:00,160
you know what, actually we're super pro Bitcoin,

1003
00:40:00,160 --> 00:40:03,120
Bitcoiners move here, bring us, you know,

1004
00:40:03,120 --> 00:40:04,960
bring your money here, spend your money here.

1005
00:40:04,960 --> 00:40:06,360
And we are super Bitcoin friendly

1006
00:40:06,360 --> 00:40:08,160
and we're buying Bitcoin because

1007
00:40:08,160 --> 00:40:11,120
fiat's a melting ice cube and we realize that now.

1008
00:40:11,120 --> 00:40:11,960
I don't know.

1009
00:40:11,960 --> 00:40:13,640
I would imagine that the sovereign wealth funds

1010
00:40:13,640 --> 00:40:15,640
will be taking large positions this time around,

1011
00:40:15,640 --> 00:40:18,560
especially since it's now an institutional grade asset.

1012
00:40:18,560 --> 00:40:20,080
Right.

1013
00:40:20,080 --> 00:40:21,600
You also have to consider the fact that like,

1014
00:40:21,600 --> 00:40:25,120
why does the US still have gold in Fort Knox?

1015
00:40:25,120 --> 00:40:29,160
You know, we haven't been on the gold standard since 1971

1016
00:40:29,160 --> 00:40:30,320
when Nixon closed the gold window.

1017
00:40:30,320 --> 00:40:32,720
So why do we still have gold in Fort Knox?

1018
00:40:32,720 --> 00:40:35,160
The reason is because they're,

1019
00:40:35,160 --> 00:40:36,880
why is China stacking gold?

1020
00:40:36,880 --> 00:40:38,040
Why is Russia stacking gold?

1021
00:40:38,040 --> 00:40:41,400
The reason is because in the event of a monetary reset

1022
00:40:41,400 --> 00:40:44,560
under a shadow gold standard, which is the fiat standard,

1023
00:40:44,560 --> 00:40:48,680
if there was to be, you know, a sit down at a table,

1024
00:40:48,680 --> 00:40:50,960
the amount of gold that you hold is going to define

1025
00:40:50,960 --> 00:40:54,480
who you are and what your size is in the new world order.

1026
00:40:54,480 --> 00:40:56,720
And I think the same thing is true of Bitcoin,

1027
00:40:56,720 --> 00:40:59,160
especially as Bitcoin demonetizes gold.

1028
00:40:59,160 --> 00:41:03,080
So at some point in this, I believe,

1029
00:41:03,080 --> 00:41:04,920
listen, this is bullish, but I believe

1030
00:41:04,920 --> 00:41:07,440
that we're going to decapitate gold this cycle.

1031
00:41:07,440 --> 00:41:09,280
I think that's going to happen, right?

1032
00:41:09,280 --> 00:41:10,760
We're going to fucking cut the head off gold,

1033
00:41:10,760 --> 00:41:13,040
cha-cha, and be like, who's next?

1034
00:41:13,040 --> 00:41:13,920
The Euro?

1035
00:41:13,920 --> 00:41:15,040
You want some?

1036
00:41:15,040 --> 00:41:15,880
You know what I mean?

1037
00:41:15,880 --> 00:41:17,680
That's what we're headed.

1038
00:41:17,680 --> 00:41:21,240
And once we demonetize gold,

1039
00:41:21,240 --> 00:41:23,840
you now have to look at your gold in Fort Knox

1040
00:41:23,840 --> 00:41:26,720
or wherever it's kept in China and say,

1041
00:41:26,720 --> 00:41:30,040
is this still the insurance policy I thought it was?

1042
00:41:30,040 --> 00:41:31,680
And if the answer is no,

1043
00:41:31,680 --> 00:41:33,800
then you have to have its replacement

1044
00:41:33,800 --> 00:41:35,640
as the new insurance policy,

1045
00:41:35,640 --> 00:41:38,720
or at least in tandem to the old insurance policy.

1046
00:41:38,720 --> 00:41:41,560
So that's what I believe is happening game theoretically.

1047
00:41:41,560 --> 00:41:43,280
And which nations are stacking?

1048
00:41:43,280 --> 00:41:44,680
Who's doing what?

1049
00:41:44,680 --> 00:41:45,760
I don't know, it's so opaque.

1050
00:41:45,760 --> 00:41:48,920
We won't know until we know, right?

1051
00:41:48,920 --> 00:41:51,240
But I mean, the El Salvador,

1052
00:41:51,240 --> 00:41:54,440
El Salvador is going to get some company shortly here,

1053
00:41:54,440 --> 00:41:55,280
I believe.

1054
00:41:57,720 --> 00:41:58,840
Yeah.

1055
00:41:58,840 --> 00:42:03,080
Now it's a gold, I almost feel bad,

1056
00:42:03,080 --> 00:42:06,840
because silver just got decapitated today, right?

1057
00:42:06,840 --> 00:42:08,680
That was officially,

1058
00:42:08,680 --> 00:42:11,600
silver has been used as money for thousands

1059
00:42:11,600 --> 00:42:13,080
and thousands of years.

1060
00:42:13,080 --> 00:42:17,520
It died as a money a little bit before gold,

1061
00:42:17,520 --> 00:42:18,720
gold killed silver,

1062
00:42:18,720 --> 00:42:22,320
and then now Bitcoin has overtaken that market cap.

1063
00:42:22,320 --> 00:42:25,680
I don't know, I've seen recently some big silver bulls

1064
00:42:25,680 --> 00:42:27,280
on Twitter, which I just don't understand.

1065
00:42:27,280 --> 00:42:28,680
I don't understand anyone who's like,

1066
00:42:28,680 --> 00:42:30,280
yeah, silver is the,

1067
00:42:30,280 --> 00:42:32,200
that's where you should put your money these days.

1068
00:42:32,200 --> 00:42:33,960
I'm like, are you fucking stupid?

1069
00:42:33,960 --> 00:42:35,200
Like I just, okay.

1070
00:42:35,200 --> 00:42:37,120
The answer is yes, they are stupid.

1071
00:42:37,120 --> 00:42:37,960
Fuck.

1072
00:42:37,960 --> 00:42:39,120
Extremely stupid.

1073
00:42:39,120 --> 00:42:39,960
It's my-

1074
00:42:39,960 --> 00:42:40,960
I was talking to a friend about,

1075
00:42:40,960 --> 00:42:42,760
he was telling me, I was saying,

1076
00:42:42,760 --> 00:42:44,840
you know, holding Bitcoin is so hard emotionally

1077
00:42:44,840 --> 00:42:45,680
and blah, blah, blah.

1078
00:42:45,680 --> 00:42:47,520
And he was saying, I think, I think gold,

1079
00:42:47,520 --> 00:42:49,480
I think holding gold is just as hard emotional.

1080
00:42:49,480 --> 00:42:51,600
I was like, no, and I'll tell you why.

1081
00:42:51,600 --> 00:42:53,320
It's because when you hold Bitcoin,

1082
00:42:53,320 --> 00:42:55,640
you go from being a winner to a loser,

1083
00:42:55,640 --> 00:42:58,280
to a winner, to a loser, to a winner, to a loser.

1084
00:42:58,280 --> 00:43:00,280
That's emotionally difficult because you're going

1085
00:43:00,280 --> 00:43:02,280
to have a high status, low status, high status, low status.

1086
00:43:02,280 --> 00:43:03,520
Okay.

1087
00:43:03,520 --> 00:43:06,480
When you invest in gold, you're just a loser.

1088
00:43:06,480 --> 00:43:09,080
And it's just all low status down here.

1089
00:43:09,080 --> 00:43:11,920
So you never have the high of like, oh my God,

1090
00:43:11,920 --> 00:43:12,760
this is amazing.

1091
00:43:12,760 --> 00:43:14,800
No, every day you just wake up and be like,

1092
00:43:14,800 --> 00:43:16,520
this sucks, I'm a loser.

1093
00:43:16,520 --> 00:43:18,960
I buried all my money in the backyard, you know?

1094
00:43:18,960 --> 00:43:23,320
Yeah, this, we've just broken into the psyche

1095
00:43:23,320 --> 00:43:24,560
of Peter Schiff right there.

1096
00:43:24,560 --> 00:43:25,400
Like that's-

1097
00:43:25,400 --> 00:43:26,240
Yeah, exactly.

1098
00:43:26,240 --> 00:43:28,680
I mean, I guess that's why he sells it probably

1099
00:43:28,680 --> 00:43:32,440
and isn't holding as much of it, but I don't know.

1100
00:43:36,040 --> 00:43:41,040
I'm very optimistic about the future because of Bitcoin.

1101
00:43:42,360 --> 00:43:44,960
And I think this is the case for many Bitcoiners.

1102
00:43:44,960 --> 00:43:47,800
And it's kind of this like really refreshing thing

1103
00:43:47,800 --> 00:43:49,560
because when you spend more, the more time you spend

1104
00:43:49,560 --> 00:43:51,480
around Bitcoiners, the more time you spend learning

1105
00:43:51,480 --> 00:43:54,360
about Bitcoin, and even, you know, not just Bitcoin,

1106
00:43:54,360 --> 00:43:56,720
Twitter, but like Nostra now, like that is this like

1107
00:43:56,720 --> 00:43:59,360
a wonderful positive place where people are actively

1108
00:43:59,360 --> 00:44:02,000
building these solutions just day in and day out

1109
00:44:02,000 --> 00:44:04,160
that are like making people's lives better

1110
00:44:04,160 --> 00:44:08,200
by giving us more freedom and more moving along

1111
00:44:08,200 --> 00:44:10,280
that sovereignty curve.

1112
00:44:11,560 --> 00:44:14,280
And then you find your way back to like normie Twitter

1113
00:44:14,280 --> 00:44:16,120
occasionally or like, you know, the part of Twitter

1114
00:44:16,120 --> 00:44:17,840
that's like still masking.

1115
00:44:17,840 --> 00:44:19,840
That's like, I just got my ninth booster

1116
00:44:19,840 --> 00:44:22,000
and I was triple masked and I somehow got COVID

1117
00:44:22,000 --> 00:44:23,680
and you're like, there are still people like this

1118
00:44:23,680 --> 00:44:25,360
out there, holy shit, okay.

1119
00:44:25,360 --> 00:44:28,760
Like sometimes you find your way back into the different

1120
00:44:28,760 --> 00:44:31,560
normie bubbles and you're like, oh fuck,

1121
00:44:31,560 --> 00:44:35,640
we are really so early still because there's like people

1122
00:44:35,640 --> 00:44:40,640
are like mentally unwell across a lot of the world.

1123
00:44:41,080 --> 00:44:44,840
And they're just still really broken by the last time.

1124
00:44:44,840 --> 00:44:47,240
Like I think COVID broke a lot of people,

1125
00:44:47,240 --> 00:44:50,480
like really, really broke them mentally.

1126
00:44:50,480 --> 00:44:53,040
And there's no coming back from that for a lot of people.

1127
00:44:53,040 --> 00:44:57,400
And I have a feeling that the governments of the world

1128
00:44:57,400 --> 00:45:00,200
not necessarily colluding together in any way,

1129
00:45:00,200 --> 00:45:03,680
but just because they're gonna do what they each wanna do

1130
00:45:03,680 --> 00:45:06,480
in a kind of totalitarian minded way,

1131
00:45:06,480 --> 00:45:09,880
there's gonna be some new big threat, right?

1132
00:45:09,880 --> 00:45:12,080
There's always a new threat, there's always a new crisis.

1133
00:45:12,080 --> 00:45:15,520
And these wars that we have raging on multiple fronts

1134
00:45:15,520 --> 00:45:18,280
that are proxies for America's military industrial complex,

1135
00:45:18,280 --> 00:45:21,320
I don't think they're quite getting the crisis mode activated

1136
00:45:21,320 --> 00:45:25,520
that those who are orchestrating them wanted to see.

1137
00:45:25,520 --> 00:45:30,520
And so I feel like we're due for another large crisis of sorts.

1138
00:45:31,760 --> 00:45:36,760
And that is, I guess I would be more worried about that

1139
00:45:36,760 --> 00:45:39,320
if I wasn't aware of all the great tools

1140
00:45:39,320 --> 00:45:40,160
that are being built.

1141
00:45:40,160 --> 00:45:41,760
Cause you know that what's gonna come hand in hand with that

1142
00:45:41,760 --> 00:45:43,000
is the same thing that did during COVID,

1143
00:45:43,000 --> 00:45:45,680
which is everything that doesn't fit the narrative

1144
00:45:45,680 --> 00:45:48,240
is misinformation or disinformation

1145
00:45:48,240 --> 00:45:51,760
or not correctly contextualized information

1146
00:45:51,760 --> 00:45:53,200
or however they wanna say it.

1147
00:45:54,160 --> 00:45:55,440
And they're gonna try to shut down

1148
00:45:55,440 --> 00:45:57,240
these channels of communication again.

1149
00:45:57,240 --> 00:46:00,560
And they're probably gonna invent new FUD vectors for Bitcoin.

1150
00:46:00,560 --> 00:46:02,560
So what I wanted to ask you about

1151
00:46:02,560 --> 00:46:07,560
is what do you see as the next kind of big FUD attack vector

1152
00:46:07,760 --> 00:46:08,600
for Bitcoin?

1153
00:46:08,600 --> 00:46:11,480
Cause I think the criminal narrative is kind of dying out.

1154
00:46:11,480 --> 00:46:13,600
Like there's just too much evidence to show that like,

1155
00:46:13,600 --> 00:46:15,120
look, you're fucking lying.

1156
00:46:15,120 --> 00:46:17,400
It's a tiny, tiny, tiny little portion of the network

1157
00:46:17,400 --> 00:46:21,000
and the US dollar is the chosen currency of criminals.

1158
00:46:21,000 --> 00:46:22,240
Like, okay, shut up.

1159
00:46:22,240 --> 00:46:23,640
The burning the planet thing.

1160
00:46:23,640 --> 00:46:26,440
It's like, look, there's now too much evidence

1161
00:46:26,440 --> 00:46:29,040
that Bitcoin is actually gonna be a net positive

1162
00:46:29,040 --> 00:46:31,120
for grid stability and for methane capture

1163
00:46:31,120 --> 00:46:33,040
and for building out renewable infrastructure.

1164
00:46:33,040 --> 00:46:35,560
Like, so like, but they gotta find something else.

1165
00:46:35,560 --> 00:46:38,920
So like, what do you think we're gonna evolve in terms of

1166
00:46:38,920 --> 00:46:41,840
what's this next FUD cycle gonna look like?

1167
00:46:41,840 --> 00:46:45,040
Oh, I mean, I think, you know, it's very obvious

1168
00:46:45,040 --> 00:46:49,320
that inequality is gonna be a popular rallying cry

1169
00:46:49,320 --> 00:46:52,760
for the, you know, Bitcoin wealth, which is like, you know,

1170
00:46:52,760 --> 00:46:56,520
these guys, they fucking, all they did was buy digital coins

1171
00:46:56,520 --> 00:46:58,520
and sit on their ass and fucking,

1172
00:46:58,520 --> 00:47:01,480
they were so rude and mean the whole time.

1173
00:47:01,480 --> 00:47:03,600
And they just shot spitballs from the back of the client.

1174
00:47:03,600 --> 00:47:06,640
And it's like, they don't, you know, like I said earlier,

1175
00:47:06,640 --> 00:47:08,560
everybody wants to see you lose.

1176
00:47:08,560 --> 00:47:09,920
Nobody wants to see you win.

1177
00:47:09,920 --> 00:47:14,240
So anything they can use to try and, you know,

1178
00:47:14,240 --> 00:47:16,960
expropriate wealth from you, they're going to use

1179
00:47:16,960 --> 00:47:21,160
and it wouldn't surprise me to see potentially, you know,

1180
00:47:22,040 --> 00:47:23,640
I mean, just all manner of things.

1181
00:47:23,640 --> 00:47:25,620
Like, like one thing would be,

1182
00:47:27,000 --> 00:47:29,880
this isn't attack vector as well as the ETFs, I think.

1183
00:47:29,880 --> 00:47:34,320
And the reason why is because once you have a light kind,

1184
00:47:34,320 --> 00:47:36,200
you know, ETF structure,

1185
00:47:36,200 --> 00:47:39,040
you can then put Bitcoin into an ETF structure

1186
00:47:39,040 --> 00:47:41,660
without creating a taxable event

1187
00:47:41,660 --> 00:47:44,080
and you will have the ability to margin against it,

1188
00:47:44,080 --> 00:47:46,000
which is incredibly, I mean,

1189
00:47:46,000 --> 00:47:48,280
if you want to talk about a carrot and stick approach,

1190
00:47:48,280 --> 00:47:52,120
the stick is if you have raw Bitcoin, spot Bitcoin,

1191
00:47:52,120 --> 00:47:54,160
we're going to audit the fuck out of you

1192
00:47:54,160 --> 00:47:55,680
and we're going to make you responsible

1193
00:47:55,680 --> 00:47:57,160
for these new fat foot guidelines.

1194
00:47:57,160 --> 00:47:58,440
Okay, that's the stick.

1195
00:47:58,440 --> 00:48:00,520
The carrot is if you put your money

1196
00:48:00,520 --> 00:48:02,760
in the nice, safe, friendly ETF,

1197
00:48:03,760 --> 00:48:05,080
you can margin against it

1198
00:48:05,080 --> 00:48:07,280
and you can run the buy, borrow, die strategy

1199
00:48:07,280 --> 00:48:08,640
like Michael Saylor talks about

1200
00:48:08,640 --> 00:48:10,360
and you can buy your nice house

1201
00:48:10,360 --> 00:48:13,480
and do your nice things and have a nice life.

1202
00:48:13,480 --> 00:48:16,160
Oh, and we've just created the world's largest honeypot

1203
00:48:16,160 --> 00:48:17,480
for Bitcoin that we now control

1204
00:48:17,480 --> 00:48:19,600
and can nationalize whenever we feel like it.

1205
00:48:19,600 --> 00:48:24,600
So, which way, Western man,

1206
00:48:24,840 --> 00:48:28,880
like which way are you going to go, you know?

1207
00:48:28,880 --> 00:48:32,480
I could see them doing some sort of like a windfall,

1208
00:48:32,480 --> 00:48:34,560
you know, like the idea of the windfall tax

1209
00:48:34,560 --> 00:48:37,080
or like a wealth tax, specific Bitcoin.

1210
00:48:37,080 --> 00:48:38,080
Just for Bitcoin.

1211
00:48:38,080 --> 00:48:41,920
Carbon credit tax could be a thing specific to Bitcoin,

1212
00:48:41,920 --> 00:48:42,760
you know?

1213
00:48:42,760 --> 00:48:46,680
I think the carbon credit one is going to be harder

1214
00:48:46,680 --> 00:48:49,040
to push through because there's just too much evidence

1215
00:48:49,040 --> 00:48:54,040
that like Bitcoin actually has a net positive effect

1216
00:48:54,480 --> 00:48:58,440
in terms of like the data is not in their favor there,

1217
00:48:58,440 --> 00:49:00,680
but a windfall tax is something that they can,

1218
00:49:00,680 --> 00:49:02,520
that's not, data has nothing to do with it.

1219
00:49:02,520 --> 00:49:04,360
That's just a motion, right?

1220
00:49:04,360 --> 00:49:05,760
It's just saying, like you said,

1221
00:49:05,760 --> 00:49:08,000
look at these, these Bitcoiners.

1222
00:49:08,000 --> 00:49:08,840
Yeah.

1223
00:49:08,840 --> 00:49:09,680
Oh, they don't deserve it.

1224
00:49:09,680 --> 00:49:10,520
Aren't you mad at them?

1225
00:49:10,520 --> 00:49:12,720
They didn't earn it, you know, all that shit, you know?

1226
00:49:12,720 --> 00:49:13,560
Yeah.

1227
00:49:13,560 --> 00:49:15,560
Only those of us who've been here,

1228
00:49:15,560 --> 00:49:17,200
yeah, only those of us who've been here know

1229
00:49:17,200 --> 00:49:19,680
how emotionally difficult, how, you know,

1230
00:49:19,680 --> 00:49:24,240
financially difficult, how risky, how just painful it was

1231
00:49:24,240 --> 00:49:27,080
to go through this for long stretches of time.

1232
00:49:27,080 --> 00:49:29,720
But at the end of the day, nobody will care about that.

1233
00:49:29,720 --> 00:49:31,640
And they'll just see you as some rich guy

1234
00:49:31,640 --> 00:49:34,040
who they can steal from, you know?

1235
00:49:35,920 --> 00:49:36,760
Yeah, fuck.

1236
00:49:36,760 --> 00:49:41,320
It's, I mean, the attack factor has to be emotional, right?

1237
00:49:41,320 --> 00:49:42,400
It has to be something that they can,

1238
00:49:42,400 --> 00:49:46,000
they can pull at and say, put up the other,

1239
00:49:46,000 --> 00:49:50,280
you know, the new-vo-wealth other and say, look it,

1240
00:49:50,280 --> 00:49:51,680
look it, they don't deserve that.

1241
00:49:51,680 --> 00:49:53,200
All they did was just hold this money.

1242
00:49:53,200 --> 00:49:54,880
And you've been holding this money

1243
00:49:54,880 --> 00:49:56,000
that's been losing value.

1244
00:49:56,000 --> 00:49:58,280
And it's our fault, but don't pay no attention to that,

1245
00:49:58,280 --> 00:49:59,360
you know, and...

1246
00:49:59,360 --> 00:50:03,000
It's even worse for us than tech backlash was

1247
00:50:03,000 --> 00:50:06,000
because at least the tech guys could say, you know,

1248
00:50:06,000 --> 00:50:08,240
look at you guys, you all use Facebook,

1249
00:50:08,240 --> 00:50:10,920
and you all use Google, and you all use the iPhone,

1250
00:50:10,920 --> 00:50:13,720
and you all use these things that we created, right?

1251
00:50:13,720 --> 00:50:15,880
And so, you know, it's like, okay, yeah,

1252
00:50:15,880 --> 00:50:17,200
there's an argument to be made that like, yeah,

1253
00:50:17,200 --> 00:50:18,200
you deserve some money for that,

1254
00:50:18,200 --> 00:50:19,520
because we are all using these things,

1255
00:50:19,520 --> 00:50:21,600
we're getting some value out of them or whatever.

1256
00:50:21,600 --> 00:50:23,960
But with Bitcoin, like, there are gonna be people

1257
00:50:23,960 --> 00:50:26,880
that have Bitcoin and people that don't have Bitcoin,

1258
00:50:26,880 --> 00:50:29,040
and people that don't have Bitcoin,

1259
00:50:29,040 --> 00:50:31,080
but there's only 21 million Bitcoin, right?

1260
00:50:31,080 --> 00:50:33,400
Which is great for you if you hold Bitcoin,

1261
00:50:33,400 --> 00:50:36,160
but really shitty if you don't hold Bitcoin.

1262
00:50:36,160 --> 00:50:39,920
Yeah, I mean, it is a hardcore enforcement mechanism,

1263
00:50:39,920 --> 00:50:42,480
filtering mechanism for, you know,

1264
00:50:43,760 --> 00:50:46,840
the 21 million cap is God's way of determining

1265
00:50:46,840 --> 00:50:48,600
who is smart and who is poor.

1266
00:50:48,600 --> 00:50:50,360
Yeah, that's right.

1267
00:50:52,960 --> 00:50:56,720
I mean, so people are gonna be upset and fuck them.

1268
00:50:56,720 --> 00:50:57,560
You know what I mean?

1269
00:50:57,560 --> 00:50:58,400
You weren't here.

1270
00:50:58,400 --> 00:51:00,000
Why do you think you deserve anything?

1271
00:51:00,000 --> 00:51:01,400
You don't deserve what we have.

1272
00:51:01,400 --> 00:51:05,720
You know, and we are still, we are still early in this.

1273
00:51:05,720 --> 00:51:07,680
You know, there is still a chance

1274
00:51:07,680 --> 00:51:09,960
you listening to this out there,

1275
00:51:09,960 --> 00:51:12,840
if there's somebody listening to this right now

1276
00:51:12,840 --> 00:51:17,040
and you stumbled upon this podcast, the Bitcoin podcast,

1277
00:51:17,040 --> 00:51:20,600
AKA TITCOIN, AKA another fucking Bitcoin podcast,

1278
00:51:20,600 --> 00:51:23,200
because I've put Bitcoin podcast so many times

1279
00:51:23,200 --> 00:51:24,200
in the website and everything,

1280
00:51:24,200 --> 00:51:25,680
and just the SEO worked perfectly,

1281
00:51:25,680 --> 00:51:27,800
and you found your way here and you're listening to this,

1282
00:51:27,800 --> 00:51:30,200
and you don't have any Bitcoin yet.

1283
00:51:30,200 --> 00:51:32,520
What is your message to that person?

1284
00:51:32,520 --> 00:51:34,240
Like, what do you wish you would have heard?

1285
00:51:34,240 --> 00:51:36,240
And now, obviously, 10 years ago,

1286
00:51:36,240 --> 00:51:37,880
it was a completely different,

1287
00:51:37,880 --> 00:51:39,320
well, it was the same Bitcoin,

1288
00:51:39,320 --> 00:51:43,680
but completely different potential risk versus reward,

1289
00:51:43,680 --> 00:51:45,280
a much higher spread there, right?

1290
00:51:45,280 --> 00:51:47,920
Like a lot more risk, a lot more reward.

1291
00:51:47,920 --> 00:51:50,480
Now that's sort of reaching a nice,

1292
00:51:51,440 --> 00:51:53,480
a more palatable level for people.

1293
00:51:53,480 --> 00:51:55,360
So like, what is your, you know,

1294
00:51:55,360 --> 00:51:56,560
if you're talking to a friend

1295
00:51:56,560 --> 00:51:59,160
or you're talking to the pre-coiner

1296
00:51:59,160 --> 00:52:00,960
who is listening to this show,

1297
00:52:00,960 --> 00:52:03,680
what do you say to them to invite them

1298
00:52:03,680 --> 00:52:05,160
into the Bitcoin fold?

1299
00:52:05,160 --> 00:52:06,440
Yeah, you know.

1300
00:52:06,440 --> 00:52:07,720
Yeah, yeah.

1301
00:52:07,720 --> 00:52:09,880
So I have a friend who's a Green Beret,

1302
00:52:09,880 --> 00:52:12,880
and he's talked to me at length about

1303
00:52:14,360 --> 00:52:17,000
disastrousness preparing, you know,

1304
00:52:17,000 --> 00:52:19,320
and just being ready in the event,

1305
00:52:19,320 --> 00:52:21,160
things go haywire.

1306
00:52:22,000 --> 00:52:25,480
Green Beret is also trained in asymmetric warfare, right?

1307
00:52:25,480 --> 00:52:28,200
So, yeah, and there's CIA backed assets,

1308
00:52:28,200 --> 00:52:31,400
so like this guy, very smart, knows a lot of things.

1309
00:52:31,400 --> 00:52:33,080
And he basically told me this phrase,

1310
00:52:33,080 --> 00:52:36,000
which is go ugly early, okay?

1311
00:52:36,000 --> 00:52:39,040
So the first minute you hear about Bitcoin

1312
00:52:39,040 --> 00:52:40,720
and you get that sort of thought in your head

1313
00:52:40,720 --> 00:52:42,720
that says maybe I should do something about this,

1314
00:52:42,720 --> 00:52:45,040
that's the time to start packing your lunch,

1315
00:52:45,040 --> 00:52:47,720
eating rice and beans, selling your car,

1316
00:52:47,720 --> 00:52:49,440
buying as much Bitcoin as you can possibly

1317
00:52:49,440 --> 00:52:50,960
get your fucking hands on.

1318
00:52:51,800 --> 00:52:52,640
You know what I mean?

1319
00:52:52,640 --> 00:52:54,240
Taking extra jobs, driving Uber,

1320
00:52:54,240 --> 00:52:56,200
doing whatever it fucking takes

1321
00:52:56,200 --> 00:52:58,000
to get your hands on as much Bitcoin as you can.

1322
00:52:58,000 --> 00:53:01,160
I think it's important to act with haste early on,

1323
00:53:01,160 --> 00:53:02,320
like extremely early.

1324
00:53:02,320 --> 00:53:05,160
Do not wait, do not tiptoe your way in,

1325
00:53:05,160 --> 00:53:07,160
like go balls deep, okay?

1326
00:53:07,960 --> 00:53:10,960
When you look at lump sum versus dollar cost averaging,

1327
00:53:10,960 --> 00:53:12,720
lump sum outperforms dollar cost averaging,

1328
00:53:12,720 --> 00:53:14,600
95% of the time, right?

1329
00:53:15,480 --> 00:53:18,200
There's only 5% of the time when it's a bad idea

1330
00:53:18,200 --> 00:53:20,680
to lump sum and usually those come around

1331
00:53:20,680 --> 00:53:22,600
really frothy times in the Bitcoin market.

1332
00:53:22,600 --> 00:53:26,760
So today it's March 4th, my advice is still good today, okay?

1333
00:53:26,760 --> 00:53:31,760
If it's March 4th, 2025 and the price is $300,000,

1334
00:53:34,000 --> 00:53:37,480
maybe my advice is no good and you should wait a while.

1335
00:53:37,480 --> 00:53:40,160
But I think right now, if you're listening right now,

1336
00:53:40,160 --> 00:53:43,280
March 4th, 2024, go ugly fucking early, man.

1337
00:53:43,280 --> 00:53:45,400
If you're new here, just start stacking your heart out,

1338
00:53:45,400 --> 00:53:47,520
like get as much Bitcoin as you fucking can.

1339
00:53:47,520 --> 00:53:49,200
This thing is a runaway freight train

1340
00:53:49,200 --> 00:53:50,600
and you're not gonna be able to catch it.

1341
00:53:50,600 --> 00:53:53,600
Like I bet, it's true for me, I bet it's true for Walker,

1342
00:53:53,600 --> 00:53:55,560
that like when we first got here,

1343
00:53:55,560 --> 00:53:58,280
I should've gone so much harder and I did go hard,

1344
00:53:58,280 --> 00:54:00,160
but I didn't go as hard as I fucking should've.

1345
00:54:00,160 --> 00:54:01,720
I should've gone 10 times harder.

1346
00:54:01,720 --> 00:54:03,360
Become a crazy person.

1347
00:54:03,360 --> 00:54:06,080
If people in your life are not showing you active disdain,

1348
00:54:06,080 --> 00:54:07,560
you're not stacking hard enough.

1349
00:54:07,560 --> 00:54:09,760
If you're still invited to family Thanksgiving,

1350
00:54:09,760 --> 00:54:11,160
you're not stacking hard enough.

1351
00:54:11,160 --> 00:54:12,640
If people are not making fun of you

1352
00:54:12,640 --> 00:54:13,880
for brown bagging your lunch,

1353
00:54:13,880 --> 00:54:15,400
you're not stacking hard enough.

1354
00:54:15,400 --> 00:54:17,840
If your car is younger than Bitcoin,

1355
00:54:17,840 --> 00:54:20,600
you're not stacking hard enough, okay?

1356
00:54:20,600 --> 00:54:21,720
If you don't have a second job,

1357
00:54:21,720 --> 00:54:23,080
you're not stacking hard enough.

1358
00:54:23,080 --> 00:54:25,440
If you're just not stacking hard enough,

1359
00:54:25,440 --> 00:54:26,880
if nobody has called you a retard,

1360
00:54:26,880 --> 00:54:28,480
you're not stacking hard enough.

1361
00:54:28,480 --> 00:54:29,480
You know what I mean?

1362
00:54:30,880 --> 00:54:33,560
You know, it's good advice and you're absolutely right,

1363
00:54:33,560 --> 00:54:38,480
because I wish I was already what I thought was going hard

1364
00:54:38,480 --> 00:54:40,480
and then I realized that that was not

1365
00:54:40,480 --> 00:54:43,200
and I could've been so much more aggressive

1366
00:54:43,200 --> 00:54:47,040
and I think we're still at this very interesting

1367
00:54:48,400 --> 00:54:50,880
in this limbo period right now, I think,

1368
00:54:50,880 --> 00:54:53,360
where right now, like okay,

1369
00:54:53,360 --> 00:54:54,800
especially if you're a younger person,

1370
00:54:54,800 --> 00:54:59,800
if you are under the age of 45,

1371
00:54:59,840 --> 00:55:01,720
let's say, I don't know, that's just an arbitrary,

1372
00:55:01,720 --> 00:55:03,880
if you are not a boomer, let's say,

1373
00:55:03,880 --> 00:55:05,480
I'll just, no offense boomers,

1374
00:55:05,480 --> 00:55:07,840
but I'm just gonna put the line right there.

1375
00:55:07,840 --> 00:55:12,560
If you're not a boomer and you have watched the boomer class

1376
00:55:12,560 --> 00:55:15,800
accumulate an obscene amount of wealth

1377
00:55:15,800 --> 00:55:18,920
because they lived through the easiest money,

1378
00:55:18,920 --> 00:55:21,040
fiat expansionary time in history

1379
00:55:21,040 --> 00:55:23,920
and you could be dumb as a box of fucking rocks

1380
00:55:23,920 --> 00:55:27,480
and get rich and you feel that that fucking

1381
00:55:27,480 --> 00:55:29,640
kind of sucks for you because you missed out on that

1382
00:55:29,640 --> 00:55:31,160
and maybe you came into the workforce

1383
00:55:31,160 --> 00:55:33,600
right after fucking 08 or something

1384
00:55:33,600 --> 00:55:37,200
or maybe you were born in the year 2000

1385
00:55:37,200 --> 00:55:41,640
and you're 24 now, which is just wild to think about,

1386
00:55:41,640 --> 00:55:44,160
but maybe you're 24 and you're thinking,

1387
00:55:44,160 --> 00:55:47,600
how am I ever gonna to get ahead and to catch up?

1388
00:55:47,600 --> 00:55:49,920
Right now, you still have that opportunity

1389
00:55:49,920 --> 00:55:53,600
because right now, the boomer class,

1390
00:55:53,600 --> 00:55:56,520
if they've got, let's say they wanna make a million dollar

1391
00:55:56,520 --> 00:55:58,480
smash buy of Bitcoin,

1392
00:55:58,480 --> 00:56:00,880
they can buy a million dollars of Bitcoin right now,

1393
00:56:00,880 --> 00:56:05,120
that will give them more Bitcoin than like 99%

1394
00:56:05,120 --> 00:56:08,080
of the 80 IQ plebs on Bitcoin Twitter.

1395
00:56:08,080 --> 00:56:09,680
Just, and they'll just have it

1396
00:56:09,680 --> 00:56:13,120
and they'll appreciate all of this incredible upside

1397
00:56:13,120 --> 00:56:14,400
that we're about to have.

1398
00:56:14,400 --> 00:56:17,400
And that kind of seems like, it's like, damn, okay,

1399
00:56:17,400 --> 00:56:19,560
that's a little rough, like these boomers can just out,

1400
00:56:19,560 --> 00:56:21,960
outbid the rest of us plebs still,

1401
00:56:21,960 --> 00:56:24,160
but that's not gonna last for long.

1402
00:56:24,160 --> 00:56:28,440
There will be a point soon where those multimillionaire boomers,

1403
00:56:28,440 --> 00:56:31,160
even if they smash buy a million dollars,

1404
00:56:31,160 --> 00:56:34,040
that's not gonna get them very much Bitcoin anymore.

1405
00:56:34,040 --> 00:56:36,040
You can get a lot of Bitcoin right now

1406
00:56:36,040 --> 00:56:38,720
for a lot less than a million dollars.

1407
00:56:38,720 --> 00:56:40,920
And you can do that a few sats at a time,

1408
00:56:40,920 --> 00:56:44,520
but there will come a point where in like,

1409
00:56:44,520 --> 00:56:47,080
you doesn't matter if you've got a few million dollars

1410
00:56:47,080 --> 00:56:49,520
that are just, I don't know, sitting to burn from,

1411
00:56:49,520 --> 00:56:52,640
because you just sold your eighth vacation house,

1412
00:56:52,640 --> 00:56:54,560
that's not gonna get you very much Bitcoin.

1413
00:56:54,560 --> 00:56:56,720
And that time is coming soon.

1414
00:56:56,720 --> 00:56:59,360
And so that's the way I've been trying to think about it

1415
00:56:59,360 --> 00:57:03,360
and frame it lately, because there is gonna be a massive

1416
00:57:03,360 --> 00:57:05,680
wealth transfer that happens.

1417
00:57:05,680 --> 00:57:07,440
And some of it's already happening,

1418
00:57:08,360 --> 00:57:10,680
but there's still a little bit of a grace period where,

1419
00:57:10,680 --> 00:57:12,320
I mean, if you heck, if you're a boomer listening to this

1420
00:57:12,320 --> 00:57:15,280
and you've got a million dollars lying around,

1421
00:57:15,280 --> 00:57:18,400
you might wanna get on it because you're gonna start getting,

1422
00:57:18,400 --> 00:57:22,440
even you will get priced out of cheap sats pretty soon.

1423
00:57:22,440 --> 00:57:25,280
But we're still at this sweet spot time, I think.

1424
00:57:25,280 --> 00:57:29,640
Like we're still at a rounding error level, I think,

1425
00:57:29,640 --> 00:57:31,520
which is kind of wild to think about.

1426
00:57:31,520 --> 00:57:34,720
I said this the other day, and I think it's an interesting

1427
00:57:34,720 --> 00:57:36,760
way to frame it, which is, when I first started buying

1428
00:57:36,760 --> 00:57:41,280
Bitcoin, it was Christmas of 2014.

1429
00:57:41,280 --> 00:57:44,080
The price was around $200 a Bitcoin.

1430
00:57:44,080 --> 00:57:49,080
And nowadays, the price could have moved $200 a hundred

1431
00:57:49,760 --> 00:57:51,640
times while we were having this conversation,

1432
00:57:51,640 --> 00:57:55,320
and it didn't affect me at all.

1433
00:57:55,320 --> 00:57:56,640
Like I don't even think about it.

1434
00:57:56,640 --> 00:58:00,320
When I see it move 200 bucks, it's neither here nor there.

1435
00:58:00,320 --> 00:58:04,800
And at $67,000 right now, like Bitcoin seems expensive,

1436
00:58:04,800 --> 00:58:08,280
but when Bitcoin moves up two orders of magnitude,

1437
00:58:08,280 --> 00:58:10,840
do you really believe it's gonna seem expensive to you

1438
00:58:10,840 --> 00:58:12,780
when you look at your portfolio?

1439
00:58:12,780 --> 00:58:14,560
Let's say you have a single Bitcoin,

1440
00:58:14,560 --> 00:58:19,560
and the difference is 2.62 million versus 2.68 million.

1441
00:58:20,440 --> 00:58:23,640
No, you're just gonna look at it and see 2.6.

1442
00:58:23,640 --> 00:58:26,240
Still doing good, still 2.6, right?

1443
00:58:26,240 --> 00:58:27,600
That's how you're gonna think.

1444
00:58:27,600 --> 00:58:30,320
I know that's hard to wrap your mind around now,

1445
00:58:30,320 --> 00:58:32,480
but that's the future that set it for you.

1446
00:58:32,480 --> 00:58:35,000
And I know that future because I've lived it, okay?

1447
00:58:35,000 --> 00:58:37,160
I'm from the future, god damn it, no.

1448
00:58:37,160 --> 00:58:40,160
It's like, I lived that over the last 10 years,

1449
00:58:40,160 --> 00:58:42,200
and it's been weird, yeah.

1450
00:58:42,200 --> 00:58:45,520
It's always weird when your wealth moves up two orders,

1451
00:58:45,520 --> 00:58:47,480
three orders of magnitude, strange.

1452
00:58:48,760 --> 00:58:53,760
Yeah, these, I mean, everything is relative, right?

1453
00:58:54,000 --> 00:58:57,960
And it seems, again, I suppose if you're just dipping

1454
00:58:57,960 --> 00:59:02,360
your toes in now, I think the Bitcoin class

1455
00:59:02,360 --> 00:59:05,680
that has just been hardened by this last bear market

1456
00:59:05,680 --> 00:59:08,920
is gonna be pretty resilient because you've got,

1457
00:59:08,920 --> 00:59:12,320
I don't know how it felt compared to previous ones.

1458
00:59:12,320 --> 00:59:14,680
Again, this was my first bear market,

1459
00:59:14,680 --> 00:59:17,400
and maybe I'm just thinking that this class of Bitcoiners

1460
00:59:17,400 --> 00:59:19,600
is somehow special.

1461
00:59:19,600 --> 00:59:23,040
But boy, it felt fairly brutal at times.

1462
00:59:23,040 --> 00:59:26,560
Like when it was getting down into the depths of 16K,

1463
00:59:26,560 --> 00:59:29,280
and people were like, well, could go lower,

1464
00:59:29,280 --> 00:59:32,020
could go to 12, could go to 10, could go to five.

1465
00:59:33,280 --> 00:59:34,320
But it didn't.

1466
00:59:35,440 --> 00:59:38,720
And then it just slowly, not actually not even that slowly,

1467
00:59:38,720 --> 00:59:41,400
it just started chugging along, chugging up.

1468
00:59:41,400 --> 00:59:44,680
And like it's wild how that just changes your perspective

1469
00:59:44,680 --> 00:59:45,520
on things.

1470
00:59:45,520 --> 00:59:48,200
I think like Bitcoin in general is such a,

1471
00:59:48,200 --> 00:59:52,440
well, it's an ego killer, and it's a perspective,

1472
00:59:53,320 --> 00:59:57,360
like it's a psychedelic drug for your perspective

1473
00:59:57,360 --> 01:00:00,280
because it is going to completely reshape

1474
01:00:00,280 --> 01:00:04,040
how you think about time, how you think about money,

1475
01:00:04,040 --> 01:00:06,240
and how you think about, I guess, just

1476
01:00:06,240 --> 01:00:11,240
what it means to actually save for your future.

1477
01:00:12,760 --> 01:00:17,760
I think that this millennial Gen Z generation

1478
01:00:18,800 --> 01:00:21,480
has grown up thinking there's just no way you can get ahead.

1479
01:00:21,480 --> 01:00:24,680
So like, what's the fucking point of saving for your future?

1480
01:00:24,680 --> 01:00:28,440
We've been gifted this beautiful fucking piece

1481
01:00:28,440 --> 01:00:31,720
of monetary technology when we happen to be alive

1482
01:00:31,720 --> 01:00:35,560
and young and agile enough of mind to take advantage of it.

1483
01:00:35,560 --> 01:00:39,480
Like shame on us if we do not because like you said earlier,

1484
01:00:39,480 --> 01:00:42,040
it's like, wow, here we are, all our ancestors,

1485
01:00:42,040 --> 01:00:43,880
fucking and fighting and killing and dying

1486
01:00:43,880 --> 01:00:44,720
throughout all of history.

1487
01:00:44,720 --> 01:00:46,520
And here we sit today,

1488
01:00:46,520 --> 01:00:50,480
talking across these crazy internet computer screens,

1489
01:00:50,480 --> 01:00:52,760
and we've got this magic internet money.

1490
01:00:52,760 --> 01:00:55,840
And we just have to be open to learn about it.

1491
01:00:55,840 --> 01:00:59,880
And I don't know, I hope, I'm curious to see

1492
01:00:59,880 --> 01:01:03,720
what Gen Z's role in this ends up being,

1493
01:01:03,720 --> 01:01:06,000
if they don't have the most purchasing power now,

1494
01:01:06,000 --> 01:01:08,920
but they're going to, especially if they stack Bitcoin,

1495
01:01:09,880 --> 01:01:12,400
and that's gonna also change a lot of the,

1496
01:01:13,680 --> 01:01:15,560
how much of the woke mind virus,

1497
01:01:15,560 --> 01:01:16,880
if you wanna call it that,

1498
01:01:16,880 --> 01:01:20,760
is just comes down to our money breaks down,

1499
01:01:20,760 --> 01:01:23,280
our society breaks down, our morals break down,

1500
01:01:23,280 --> 01:01:26,160
our time preference gets higher, higher, higher,

1501
01:01:26,160 --> 01:01:28,400
and everything goes to shit from that.

1502
01:01:28,400 --> 01:01:31,040
Like I'm curious to see the shifts we see in society

1503
01:01:31,040 --> 01:01:34,200
and in people when more and more start having

1504
01:01:34,200 --> 01:01:36,120
their perspective shifted by Bitcoin.

1505
01:01:37,280 --> 01:01:39,040
Yeah, 100%.

1506
01:01:39,040 --> 01:01:43,160
I also think that, people say,

1507
01:01:43,160 --> 01:01:47,720
it used to be more popular in like 2015, 2016 to say,

1508
01:01:47,720 --> 01:01:49,480
what's Bitcoin's killer app?

1509
01:01:49,480 --> 01:01:50,640
I don't see it, I don't get it.

1510
01:01:50,640 --> 01:01:51,960
What's the killer app?

1511
01:01:51,960 --> 01:01:53,840
It's like, the killer app is getting fucking rich.

1512
01:01:53,840 --> 01:01:54,760
Are you stupid?

1513
01:01:54,760 --> 01:01:55,840
That's the killer app.

1514
01:01:55,840 --> 01:01:57,720
What is the one thing everybody wants?

1515
01:01:57,720 --> 01:02:00,040
A more prosperous life, okay?

1516
01:02:00,040 --> 01:02:04,000
And so like to me, the interesting unlock is,

1517
01:02:04,000 --> 01:02:08,160
Bitcoin is going to free the vast majority of hodlers

1518
01:02:08,160 --> 01:02:09,600
of their time constraints,

1519
01:02:09,600 --> 01:02:12,320
so they will no longer have to be selling time for money.

1520
01:02:12,320 --> 01:02:13,640
So that's an unlock.

1521
01:02:13,640 --> 01:02:17,000
And then it's going to give them excess capital

1522
01:02:17,000 --> 01:02:20,200
and they're going to have to deploy that excess capital

1523
01:02:20,200 --> 01:02:21,680
back into the marketplace.

1524
01:02:21,680 --> 01:02:23,440
So that's an unlock, right?

1525
01:02:23,440 --> 01:02:26,120
And then, we all know each other

1526
01:02:26,120 --> 01:02:30,280
and we know that we have similar moral frameworks and values.

1527
01:02:30,280 --> 01:02:32,920
So that's an unlock because we don't have to,

1528
01:02:32,920 --> 01:02:34,280
you get a couple of Bitcoiners in a room

1529
01:02:34,280 --> 01:02:35,720
talking to a non-Bitcoiner.

1530
01:02:35,720 --> 01:02:37,120
We don't have to pre-communicate.

1531
01:02:37,120 --> 01:02:38,440
We're all going to say the same things.

1532
01:02:38,440 --> 01:02:39,760
Like we know what the person,

1533
01:02:39,760 --> 01:02:40,920
we know what needs to be said next.

1534
01:02:40,920 --> 01:02:44,000
Like the ability to set the ball to each other

1535
01:02:44,000 --> 01:02:47,080
and spike it perfectly down the no coiners throat

1536
01:02:47,080 --> 01:02:48,440
is just a thing of beauty.

1537
01:02:48,440 --> 01:02:51,000
And it's going to be the same thing in capital formation

1538
01:02:51,000 --> 01:02:53,960
because we're all operating with this new OS

1539
01:02:53,960 --> 01:02:55,320
in our minds, right?

1540
01:02:55,320 --> 01:02:57,360
And so to me, you look at those three unlocks

1541
01:02:57,360 --> 01:03:01,320
of like giving back the time, giving excess capital,

1542
01:03:01,320 --> 01:03:04,080
and then creating better capital formation structures

1543
01:03:04,080 --> 01:03:06,480
due to shared values, morals, ideology.

1544
01:03:07,440 --> 01:03:10,680
You're going to get a renaissance of just amazing things

1545
01:03:10,680 --> 01:03:13,320
that Bitcoiners will do with their wealth, right?

1546
01:03:13,320 --> 01:03:17,400
And yeah, if you want to be a part of that story,

1547
01:03:17,400 --> 01:03:19,480
then all you have to do is buy Bitcoin.

1548
01:03:19,480 --> 01:03:22,040
That's a, it's the simplest thing in the world.

1549
01:03:22,040 --> 01:03:24,680
So like, you can either be a part of that story

1550
01:03:24,680 --> 01:03:25,640
or you can be a part of the story

1551
01:03:25,640 --> 01:03:28,880
where they want you to live in a pod, eat bugs,

1552
01:03:28,880 --> 01:03:31,800
get in allotment for driving time.

1553
01:03:31,800 --> 01:03:32,640
You know what I mean?

1554
01:03:32,640 --> 01:03:34,720
Like never have sex with a human woman,

1555
01:03:34,720 --> 01:03:37,040
like jerk off into some sort of weird robot.

1556
01:03:37,040 --> 01:03:38,120
Like that's what they want for you.

1557
01:03:38,120 --> 01:03:39,840
They want the worst life imaginable.

1558
01:03:39,840 --> 01:03:42,400
They want you to live like a slave.

1559
01:03:42,400 --> 01:03:43,480
They don't care, these people,

1560
01:03:43,480 --> 01:03:45,880
they don't care if you live or die.

1561
01:03:45,880 --> 01:03:47,160
I care about you.

1562
01:03:47,160 --> 01:03:50,640
Because I need your capital invested in this thing

1563
01:03:50,640 --> 01:03:52,400
I'm going to do later, you know?

1564
01:03:52,400 --> 01:03:56,800
Like, it's like they don't, you're nothing to them.

1565
01:03:56,800 --> 01:03:58,160
You're a bug, you know?

1566
01:03:59,680 --> 01:04:02,200
It's honestly so true.

1567
01:04:02,200 --> 01:04:03,800
I don't understand the mentality of people

1568
01:04:03,800 --> 01:04:08,280
who somehow think that the state

1569
01:04:08,280 --> 01:04:10,600
has their best interests at heart.

1570
01:04:10,600 --> 01:04:12,440
Like that they think that the government,

1571
01:04:12,440 --> 01:04:14,040
you know, if we just give the government

1572
01:04:14,040 --> 01:04:16,320
a little bit more of our money,

1573
01:04:16,320 --> 01:04:19,240
AKA our lifeblood, our time and energy,

1574
01:04:19,240 --> 01:04:20,280
because that's what the government is, right?

1575
01:04:20,280 --> 01:04:21,120
It's a time thief.

1576
01:04:21,120 --> 01:04:24,800
Like, you know, if you get 33% tax a year,

1577
01:04:24,800 --> 01:04:27,880
let's just say that's a third of your life.

1578
01:04:27,880 --> 01:04:30,240
They're stealing a third of your working life.

1579
01:04:30,240 --> 01:04:31,600
Just for what?

1580
01:04:31,600 --> 01:04:33,400
Like, what are they giving you

1581
01:04:33,400 --> 01:04:35,240
that you cannot give yourself?

1582
01:04:35,240 --> 01:04:36,080
Nothing.

1583
01:04:36,080 --> 01:04:37,880
And it's fucking insane.

1584
01:04:37,880 --> 01:04:42,880
And I'm curious, you know, okay, let's zoom forward a little.

1585
01:04:43,880 --> 01:04:47,360
What do you think, and this is a tough one,

1586
01:04:47,360 --> 01:04:50,080
but let's think in like four years, I was like,

1587
01:04:50,080 --> 01:04:53,480
what is the next Bitcoin cycle?

1588
01:04:53,480 --> 01:04:57,320
So, you know, we're looking at like 2028.

1589
01:04:57,320 --> 01:04:59,280
You know, there's another presidential election,

1590
01:04:59,280 --> 01:05:01,720
of course, you know, every leap year,

1591
01:05:01,720 --> 01:05:03,880
every presidential election, every Bitcoin having cycle,

1592
01:05:03,880 --> 01:05:05,960
they're all falling in the same year.

1593
01:05:05,960 --> 01:05:09,280
What does that world start to look like?

1594
01:05:09,280 --> 01:05:14,280
And how rapidly do we start to see these larger changes?

1595
01:05:16,520 --> 01:05:18,800
Do we start to see governments actually shrink

1596
01:05:18,800 --> 01:05:20,840
because more and more people realize

1597
01:05:20,840 --> 01:05:22,760
they need to hold governments to account?

1598
01:05:22,760 --> 01:05:25,400
Like, do we start to see that bureaucratic state

1599
01:05:25,400 --> 01:05:28,000
get a little bit smaller for people to get a little bit

1600
01:05:28,000 --> 01:05:30,680
freer, or is this something that's gonna take,

1601
01:05:30,680 --> 01:05:32,960
again, because humans are bad at estimating rate of change,

1602
01:05:32,960 --> 01:05:36,800
it's something that's gonna take a lot longer than we think.

1603
01:05:36,800 --> 01:05:39,360
It's gonna take a lot longer than we think, a lot longer.

1604
01:05:39,360 --> 01:05:42,520
I think basically what you have is a war going on

1605
01:05:42,520 --> 01:05:44,840
between new money and old money, right?

1606
01:05:44,840 --> 01:05:46,480
A little bit between East Coast and West Coast

1607
01:05:46,480 --> 01:05:48,680
with the tech elites and the traditional elites,

1608
01:05:48,680 --> 01:05:49,960
but really new money, old money,

1609
01:05:49,960 --> 01:05:52,680
like USD millionaires versus Bitcoiners,

1610
01:05:52,680 --> 01:05:55,600
which we are more aligned with in terms of the West Coast

1611
01:05:55,600 --> 01:05:58,720
tech elites than we are with the East Coast traditionalists.

1612
01:05:58,720 --> 01:06:01,840
But basically it's like, when new money and old money

1613
01:06:01,840 --> 01:06:03,520
go to war with each other, they're going to war

1614
01:06:03,520 --> 01:06:06,760
with each other over rulemaking, right?

1615
01:06:06,760 --> 01:06:11,000
And so, whenever you have a revolution,

1616
01:06:11,000 --> 01:06:13,200
the best you can do is get about half the seats

1617
01:06:13,200 --> 01:06:15,280
at the table of power, right?

1618
01:06:15,280 --> 01:06:17,080
And when you come to the table of power,

1619
01:06:17,080 --> 01:06:20,320
you get a chance to negotiate and do rulemaking.

1620
01:06:20,320 --> 01:06:21,960
When you have an unsuccessful negotiate,

1621
01:06:21,960 --> 01:06:24,800
or unsuccessful revolution,

1622
01:06:24,800 --> 01:06:26,760
you're getting like a couple seats at the table,

1623
01:06:26,760 --> 01:06:27,920
not enough to do anything.

1624
01:06:27,920 --> 01:06:29,520
I think we're gonna get enough seats

1625
01:06:29,520 --> 01:06:31,800
to make meaningful change.

1626
01:06:31,800 --> 01:06:33,600
That's how big I think this revolution is,

1627
01:06:33,600 --> 01:06:35,280
and those are the best revolutions in history,

1628
01:06:35,280 --> 01:06:37,160
but it's not gonna be every seat

1629
01:06:37,160 --> 01:06:40,320
because the unfortunate reality is that, you know,

1630
01:06:40,320 --> 01:06:43,160
fiat wealth can be easily ported into Bitcoin.

1631
01:06:43,160 --> 01:06:44,760
And so, if you're wealthy in the fiat system

1632
01:06:44,760 --> 01:06:47,200
and you're not a total moron, at some point,

1633
01:06:47,200 --> 01:06:50,080
as this thing crosses the Rubicon, you're gonna go,

1634
01:06:50,080 --> 01:06:52,000
it's time to jump ship, and you're gonna maintain

1635
01:06:52,000 --> 01:06:54,240
your position in society and your seat.

1636
01:06:54,240 --> 01:06:58,440
And when we come to do rulemaking with the old elites,

1637
01:06:58,440 --> 01:07:00,240
we're basically going to have to bargain.

1638
01:07:00,240 --> 01:07:03,800
And the bargain is, we're coming with a fair,

1639
01:07:03,800 --> 01:07:08,600
distributed, computer-enforced, rules-based system

1640
01:07:08,600 --> 01:07:12,320
for everybody, and you can't change the rules of the game

1641
01:07:12,320 --> 01:07:14,160
any longer, midstream.

1642
01:07:14,160 --> 01:07:17,960
The rules are set at inception, and we play by the rules

1643
01:07:17,960 --> 01:07:20,120
until their final conclusion.

1644
01:07:20,120 --> 01:07:21,640
That is what we're bringing to the table,

1645
01:07:21,640 --> 01:07:23,600
and we would like to see that in as many institutions

1646
01:07:23,600 --> 01:07:25,440
as we possibly can, okay?

1647
01:07:25,440 --> 01:07:28,040
Your way of doing things where, you know,

1648
01:07:28,040 --> 01:07:31,520
you change the rules constantly for your own benefit,

1649
01:07:31,520 --> 01:07:33,160
and it's only the people at the table

1650
01:07:33,160 --> 01:07:35,160
who are receiving benefit from those rule changes,

1651
01:07:35,160 --> 01:07:36,440
that's over.

1652
01:07:36,440 --> 01:07:39,640
We want a meritocratic system where the strongest survives,

1653
01:07:39,640 --> 01:07:41,800
and we need a fair rules-based order

1654
01:07:41,800 --> 01:07:43,200
in order to get that system.

1655
01:07:43,200 --> 01:07:45,720
And I think that that's going to be an unpopular ask,

1656
01:07:45,720 --> 01:07:47,360
but it's a fair ask, and over time,

1657
01:07:47,360 --> 01:07:49,920
that ask will win between the elites,

1658
01:07:49,920 --> 01:07:51,680
and we'll have a new class of elites,

1659
01:07:51,680 --> 01:07:53,160
a better class of elites,

1660
01:07:53,160 --> 01:07:54,520
and some of them will be Bitcoiners.

1661
01:07:54,520 --> 01:07:56,120
Most of them will be Bitcoiners.

1662
01:07:57,800 --> 01:07:58,640
I like it.

1663
01:07:58,640 --> 01:08:00,200
I think it's fair, and that is,

1664
01:08:00,200 --> 01:08:03,480
it kind of goes back to what I was hinting at before

1665
01:08:03,480 --> 01:08:06,440
with just like the boomer millionaires right now.

1666
01:08:06,440 --> 01:08:11,160
They can, they can port over a big old chunk of wealth

1667
01:08:11,160 --> 01:08:13,560
and become more Bitcoin rich

1668
01:08:13,560 --> 01:08:15,920
than the majority of Bitcoiners right now

1669
01:08:15,920 --> 01:08:18,160
who have been working hard and stacking sats,

1670
01:08:18,160 --> 01:08:22,160
just because, again, they're starting from a higher bucket

1671
01:08:22,160 --> 01:08:25,080
of fiat that they can dip out of.

1672
01:08:25,080 --> 01:08:30,080
But I have the hope that at least some of this incredibly

1673
01:08:31,680 --> 01:08:36,680
diverse, but ultimately morally aligned Bitcoin culture

1674
01:08:37,560 --> 01:08:40,400
starts to bleed into other parts of society.

1675
01:08:40,400 --> 01:08:43,360
Because I truly do think that with money as the base layer,

1676
01:08:43,360 --> 01:08:46,480
like you look across history,

1677
01:08:46,480 --> 01:08:48,440
you can look at the French Revolution,

1678
01:08:48,440 --> 01:08:50,440
like why was there a French Revolution?

1679
01:08:50,440 --> 01:08:53,000
Like why did they not have food,

1680
01:08:53,000 --> 01:08:56,000
and why did they start chopping people's heads off?

1681
01:08:56,000 --> 01:08:59,760
Well, it's because they started inflating the assignant,

1682
01:08:59,760 --> 01:09:03,880
or assignat, however you'd like to pronounce it.

1683
01:09:03,880 --> 01:09:05,160
They started inflating it,

1684
01:09:05,160 --> 01:09:07,160
and they started doing all sorts of funny business,

1685
01:09:07,160 --> 01:09:09,280
and the value of it dropped and dropped and dropped,

1686
01:09:09,280 --> 01:09:11,080
and then it bought jack shit,

1687
01:09:11,080 --> 01:09:12,280
and then people started starving,

1688
01:09:12,280 --> 01:09:13,680
and then people got mad,

1689
01:09:13,680 --> 01:09:16,040
and society just fell apart,

1690
01:09:16,040 --> 01:09:19,320
and then they had to start over again.

1691
01:09:19,320 --> 01:09:21,680
The French are pretty good at starting over again

1692
01:09:21,680 --> 01:09:23,440
after a monetary collapse, though.

1693
01:09:23,440 --> 01:09:25,320
They've got some practice at it now.

1694
01:09:25,320 --> 01:09:28,440
But I'm interested to see,

1695
01:09:28,440 --> 01:09:30,840
because a lot of us Bitcoiners,

1696
01:09:30,840 --> 01:09:32,800
and I'm guilty of this as well,

1697
01:09:34,720 --> 01:09:36,560
I think sometimes it seems as though

1698
01:09:36,560 --> 01:09:39,000
we're calling for the fall of the USD,

1699
01:09:39,000 --> 01:09:41,240
which I am in no way doing,

1700
01:09:41,240 --> 01:09:43,440
as much as I may shit on the US dollar

1701
01:09:43,440 --> 01:09:48,440
as the very kind of corrupt global reserve currency

1702
01:09:48,440 --> 01:09:51,080
that funds a whole lot of atrocities around the world,

1703
01:09:52,600 --> 01:09:55,280
I do not want the USD to just fail

1704
01:09:55,280 --> 01:09:57,920
because that's gonna hurt a fuckload of people,

1705
01:09:57,920 --> 01:10:00,000
and that's gonna lead to a great amount of human suffering.

1706
01:10:00,000 --> 01:10:01,880
I do not want human suffering.

1707
01:10:02,960 --> 01:10:05,160
And the reality of the situation is that like,

1708
01:10:05,160 --> 01:10:06,920
okay, if we talk about,

1709
01:10:06,920 --> 01:10:10,240
the USD is gonna hyperinflate as many people said,

1710
01:10:10,240 --> 01:10:12,560
it's gonna hyperinflate like next year,

1711
01:10:12,560 --> 01:10:13,840
next year, next year.

1712
01:10:14,720 --> 01:10:18,720
The reality is that if the US dollar is hyperinflating,

1713
01:10:18,720 --> 01:10:20,360
every other fiat currency in the world

1714
01:10:20,360 --> 01:10:22,000
has probably already hyperinflated

1715
01:10:22,000 --> 01:10:23,760
because the US dollar is the prettiest horse

1716
01:10:23,760 --> 01:10:26,440
at the glue factory, still at the glue factory,

1717
01:10:26,440 --> 01:10:28,320
still about to be made into glue,

1718
01:10:28,320 --> 01:10:29,640
but it's the prettiest horse there,

1719
01:10:29,640 --> 01:10:32,000
so it's gonna get saved for last, most likely,

1720
01:10:32,000 --> 01:10:34,880
unless there's some event that causes that to change.

1721
01:10:34,880 --> 01:10:39,600
But I think that the US is also uniquely positioned

1722
01:10:39,600 --> 01:10:40,920
to be able to benefit.

1723
01:10:40,920 --> 01:10:44,880
If we're smart, and I say we as like our political class,

1724
01:10:44,880 --> 01:10:46,240
if we're smart,

1725
01:10:46,240 --> 01:10:49,040
we have the highest Bitcoin hash rate in the world right now.

1726
01:10:49,040 --> 01:10:52,120
We've got a shitload of Bitcoin that we've taken

1727
01:10:52,120 --> 01:10:55,000
from hacks and things like that.

1728
01:10:55,840 --> 01:10:58,840
We're in a position to, if we play this smart,

1729
01:10:58,840 --> 01:11:01,080
to do very well as the United States.

1730
01:11:01,960 --> 01:11:03,600
I don't know if we're smart though.

1731
01:11:03,600 --> 01:11:07,920
I don't know if we have the capacity

1732
01:11:07,920 --> 01:11:09,800
to be intelligent about this and say,

1733
01:11:09,800 --> 01:11:12,160
wow, we should be encouraging more miners

1734
01:11:12,160 --> 01:11:15,400
to come into Texas and to Georgia and to New York State,

1735
01:11:15,400 --> 01:11:17,000
and we should get that hash rate

1736
01:11:17,000 --> 01:11:18,640
as high as it can possibly get,

1737
01:11:18,640 --> 01:11:22,000
because that's hash rate that our enemies don't have.

1738
01:11:22,000 --> 01:11:23,600
And do you think there's any chance, I mean,

1739
01:11:23,600 --> 01:11:26,800
we see between, and I don't even,

1740
01:11:26,800 --> 01:11:31,440
I don't love to talk about the red and blue too much

1741
01:11:31,440 --> 01:11:34,680
because I find myself firmly to be in the orange camp.

1742
01:11:34,680 --> 01:11:37,600
Between Trump and Biden, I don't see a massive difference.

1743
01:11:38,600 --> 01:11:41,320
They both had Jerome Powell printing money on their behalf.

1744
01:11:41,320 --> 01:11:43,720
Biden, well, not to his credit,

1745
01:11:43,720 --> 01:11:44,840
because he doesn't know what the fuck's going on,

1746
01:11:44,840 --> 01:11:46,520
but hey, I'm too shrank a little bit.

1747
01:11:46,520 --> 01:11:48,120
Whoop-de-fucking-do.

1748
01:11:48,120 --> 01:11:50,520
You've got RFK coming into the race.

1749
01:11:50,520 --> 01:11:52,280
RFK now has just been like,

1750
01:11:52,280 --> 01:11:53,960
well, actually I like Ethereum too,

1751
01:11:53,960 --> 01:11:56,360
and I'll be buying some Ethereum, and it's like, ah, fuck.

1752
01:11:56,360 --> 01:11:59,000
Okay, well, shit, there that goes.

1753
01:11:59,000 --> 01:12:02,360
So you were just, I don't know, take it for what it's worth,

1754
01:12:02,360 --> 01:12:07,360
but I don't know how much the presidency actually matters.

1755
01:12:08,160 --> 01:12:11,240
I think that, I was talking, Mark Moss,

1756
01:12:11,240 --> 01:12:12,960
I made some very good points in this recent,

1757
01:12:12,960 --> 01:12:16,280
like localism matters a lot more,

1758
01:12:16,280 --> 01:12:19,000
counties matter a lot more, states matter a lot more,

1759
01:12:19,000 --> 01:12:21,160
that's the whole fucking point of the US.

1760
01:12:22,120 --> 01:12:24,040
Do you personally give a shit

1761
01:12:24,040 --> 01:12:25,800
about who wins the presidential election

1762
01:12:25,800 --> 01:12:27,560
and think it matters very much,

1763
01:12:27,560 --> 01:12:30,040
or are you trying to focus more at a local level,

1764
01:12:30,040 --> 01:12:31,600
at a community level,

1765
01:12:31,600 --> 01:12:33,440
about things you can actually change?

1766
01:12:33,440 --> 01:12:35,920
Like, what's your take on that?

1767
01:12:36,800 --> 01:12:37,640
Yeah, I mean,

1768
01:12:40,600 --> 01:12:45,160
it's like politics are fucking getting worse and worse.

1769
01:12:45,160 --> 01:12:47,720
Ever since our society lost religion,

1770
01:12:48,840 --> 01:12:50,640
everyone has a God shaped hole in their heart,

1771
01:12:50,640 --> 01:12:52,760
and some large majority of the population

1772
01:12:52,760 --> 01:12:55,900
is filling it with politics for some fucking reason.

1773
01:12:55,900 --> 01:12:59,460
Yeah, I mean, I don't think the presidency matters

1774
01:12:59,460 --> 01:13:03,020
to your life very much at all, right?

1775
01:13:03,020 --> 01:13:05,740
If I had the choice between a very pro-Bickwin candidate

1776
01:13:05,740 --> 01:13:07,180
and a very anti-Bickwin candidate,

1777
01:13:07,180 --> 01:13:08,900
take the pro-Bickwin candidate.

1778
01:13:08,900 --> 01:13:11,140
If I had a choice between two pro-Bickwin candidates,

1779
01:13:11,140 --> 01:13:13,540
I'd take the one I believed more,

1780
01:13:13,540 --> 01:13:16,420
although it's hard to believe any of them.

1781
01:13:16,420 --> 01:13:21,420
In terms of localism, I think it's a good philosophy

1782
01:13:21,460 --> 01:13:24,020
and you should be involved in your local community.

1783
01:13:24,020 --> 01:13:26,780
But I think the most important thing

1784
01:13:26,780 --> 01:13:30,980
is just focusing on what you can control.

1785
01:13:30,980 --> 01:13:33,100
Don't focus on things outside your control,

1786
01:13:33,100 --> 01:13:35,100
or you're gonna be miserable all the time.

1787
01:13:37,060 --> 01:13:40,500
There's a goddamn invasion happening at the southern border.

1788
01:13:40,500 --> 01:13:43,100
It should be obvious to everybody,

1789
01:13:43,100 --> 01:13:44,700
but I can't do anything about that.

1790
01:13:44,700 --> 01:13:45,940
When I'm gonna go down to the southern border

1791
01:13:45,940 --> 01:13:49,860
and be like, hey, hey, stop.

1792
01:13:49,860 --> 01:13:52,300
Hold it right there, ombréz.

1793
01:13:52,300 --> 01:13:54,140
No, I'm not gonna do that.

1794
01:13:54,140 --> 01:13:59,140
And like, politics are fucking stupid.

1795
01:14:00,460 --> 01:14:03,420
There's nothing else to say about it other than it's dumb.

1796
01:14:03,420 --> 01:14:07,220
Although Bitcoin is inherently political, unfortunately.

1797
01:14:07,220 --> 01:14:09,140
That doesn't mean left-right political,

1798
01:14:09,140 --> 01:14:11,060
it just means entrenched power structure

1799
01:14:11,060 --> 01:14:13,020
versus ascendant power structure.

1800
01:14:14,180 --> 01:14:18,100
On the topic of American supremacy and dominance,

1801
01:14:18,100 --> 01:14:19,700
I mean, in terms of the dollar,

1802
01:14:19,700 --> 01:14:21,260
in terms of our culture, in terms of society,

1803
01:14:21,260 --> 01:14:23,660
it's like there are still so many great things

1804
01:14:23,660 --> 01:14:27,020
about America, mainly that were given to us

1805
01:14:27,020 --> 01:14:30,220
by the leaders we had 300 years ago,

1806
01:14:30,220 --> 01:14:32,580
and not the leaders that currently reside

1807
01:14:32,580 --> 01:14:34,540
in any of the high purchase of power.

1808
01:14:34,540 --> 01:14:36,100
But we still have freedom of speech,

1809
01:14:36,100 --> 01:14:38,420
which allows us to be sort of the guardians of the internet

1810
01:14:38,420 --> 01:14:39,460
in a very interesting way.

1811
01:14:39,460 --> 01:14:42,340
Like none of the rest of the English-speaking world

1812
01:14:42,340 --> 01:14:44,700
has the ability to say what the fuck they wanna say,

1813
01:14:44,700 --> 01:14:45,940
and we can still say it.

1814
01:14:45,940 --> 01:14:47,140
Now you might get killed for it,

1815
01:14:47,140 --> 01:14:49,020
but we can still say it, goddamn it.

1816
01:14:49,020 --> 01:14:51,020
And if they are gonna take freedom of speech,

1817
01:14:51,020 --> 01:14:53,420
then the only logical conclusion

1818
01:14:53,420 --> 01:14:54,860
is to use your freedom of speech

1819
01:14:54,860 --> 01:14:56,900
as hard as fucking possible,

1820
01:14:56,900 --> 01:14:59,580
right up until the moment it's taken away from you.

1821
01:14:59,580 --> 01:15:00,780
So we have that going for us,

1822
01:15:00,780 --> 01:15:02,420
we have our geography going for us,

1823
01:15:02,420 --> 01:15:04,860
America's very unique geographically.

1824
01:15:04,860 --> 01:15:07,220
And when I look at like, I mean, listen,

1825
01:15:07,220 --> 01:15:11,580
I wanna live in a world of sort of xenophilic restrictionism

1826
01:15:11,580 --> 01:15:14,940
or isolationism where we only care about ourselves

1827
01:15:14,940 --> 01:15:16,780
and we're kind of inwardly focused.

1828
01:15:16,780 --> 01:15:18,420
But that's not the way the world actually works.

1829
01:15:18,420 --> 01:15:21,140
And when I look at like, would I rather have China

1830
01:15:21,140 --> 01:15:22,820
running things or America running things?

1831
01:15:22,820 --> 01:15:23,900
As bad as America is,

1832
01:15:23,900 --> 01:15:26,300
I'd still rather have America running things.

1833
01:15:27,420 --> 01:15:30,740
So yeah, I'm hoping that the next generation

1834
01:15:30,740 --> 01:15:33,820
of American leadership can be smart

1835
01:15:33,820 --> 01:15:36,580
and can learn from the mistakes of the past

1836
01:15:37,500 --> 01:15:42,100
and actually like, you know, accomplish something.

1837
01:15:42,100 --> 01:15:44,580
I think that the Chinese are supremacists

1838
01:15:44,580 --> 01:15:49,580
in a way that's as somebody who's not Chinese

1839
01:15:49,780 --> 01:15:52,500
and the, I forget which kind of Chinese

1840
01:15:52,500 --> 01:15:53,500
is the best kind of Chinese,

1841
01:15:53,500 --> 01:15:56,060
but they're supremacist about one kind of Chinese

1842
01:15:56,060 --> 01:15:56,900
and not the other.

1843
01:15:56,900 --> 01:15:57,740
I don't know, man.

1844
01:15:59,660 --> 01:16:01,340
Do you remember what it is?

1845
01:16:01,340 --> 01:16:02,780
I'm bad at geopolitics.

1846
01:16:02,780 --> 01:16:04,940
Between America and the Chinese,

1847
01:16:04,940 --> 01:16:07,460
like who's gonna have control of the world?

1848
01:16:07,460 --> 01:16:09,860
At personal, I would rather America

1849
01:16:09,860 --> 01:16:11,740
with our founding documents have control of the world,

1850
01:16:11,740 --> 01:16:13,020
even though we're not living up

1851
01:16:13,020 --> 01:16:15,540
to our founding documents, obviously.

1852
01:16:15,540 --> 01:16:18,900
It's like, is America the, like,

1853
01:16:18,900 --> 01:16:21,180
is America the best that it can be?

1854
01:16:21,180 --> 01:16:22,300
Like, absolutely not,

1855
01:16:22,300 --> 01:16:24,860
but we have the potential to be.

1856
01:16:24,860 --> 01:16:26,860
There's a very limiting factor

1857
01:16:26,860 --> 01:16:29,780
on how good a totalitarian regime can be.

1858
01:16:29,780 --> 01:16:32,300
And you know, you were talking a little bit

1859
01:16:32,300 --> 01:16:33,900
just about freedom of speech.

1860
01:16:33,900 --> 01:16:36,340
And freedom of speech is one of those things

1861
01:16:36,340 --> 01:16:40,300
that we really take for granted in America.

1862
01:16:40,300 --> 01:16:42,260
And one could make the argument to what extent

1863
01:16:42,260 --> 01:16:45,500
it is that freedom has already been eroded

1864
01:16:45,500 --> 01:16:47,980
with just what we saw during COVID

1865
01:16:47,980 --> 01:16:50,100
and what you see about any,

1866
01:16:50,100 --> 01:16:51,900
depending on what side of an issue you're on,

1867
01:16:51,900 --> 01:16:53,780
you can very easily get censored and blocked.

1868
01:16:53,780 --> 01:16:55,620
And this is one of those reasons

1869
01:16:56,820 --> 01:16:59,020
I am very grateful Noester exists,

1870
01:16:59,020 --> 01:17:00,780
which is still very small right now.

1871
01:17:00,780 --> 01:17:04,620
You've been extremely active on Noester though

1872
01:17:04,620 --> 01:17:05,940
for a long time.

1873
01:17:05,940 --> 01:17:08,380
And I think you and I share similar sentiments there,

1874
01:17:08,380 --> 01:17:10,580
but I'm curious, do you think we start to,

1875
01:17:10,580 --> 01:17:13,300
with the election year,

1876
01:17:13,300 --> 01:17:16,460
with maybe there's a little bit of Bitcoin bull run bleed

1877
01:17:16,460 --> 01:17:18,980
over that happens and we get a little bit of a Noester,

1878
01:17:18,980 --> 01:17:21,100
a new entrance bull run,

1879
01:17:21,100 --> 01:17:23,340
do you think we start to see that ramp up?

1880
01:17:23,340 --> 01:17:28,340
Like is Noester adoption a function of free speech fuckery,

1881
01:17:28,460 --> 01:17:30,900
much like Bitcoin adoption is somewhat a function

1882
01:17:30,900 --> 01:17:33,180
of monetary fuckery in the fiat world?

1883
01:17:34,860 --> 01:17:36,500
Yeah, it's interesting.

1884
01:17:36,500 --> 01:17:38,460
I think the, I'm not sure.

1885
01:17:38,460 --> 01:17:42,940
I think the most interesting thing about Noester so far

1886
01:17:42,940 --> 01:17:47,940
is that it hasn't become a noxious right-wing echo chamber

1887
01:17:48,700 --> 01:17:51,500
or a noxious left-wing echo chamber.

1888
01:17:51,500 --> 01:17:55,180
So Threads is a noxious left-wing echo chamber.

1889
01:17:56,180 --> 01:17:57,700
So is Farkaster, I think,

1890
01:17:57,700 --> 01:17:59,060
although I haven't spent much time there,

1891
01:17:59,060 --> 01:18:01,140
but I hear that, I hear that's what it is.

1892
01:18:01,140 --> 01:18:06,140
And then, you know, Twitter seems to be kind of leaning

1893
01:18:06,300 --> 01:18:08,220
into becoming a noxious right-wing echo chamber

1894
01:18:08,220 --> 01:18:11,460
these days and GAB and stuff like that

1895
01:18:11,460 --> 01:18:12,820
has definitely been that.

1896
01:18:12,820 --> 01:18:16,220
Truth social, if you go in for that kind of thing.

1897
01:18:16,220 --> 01:18:19,060
Truth social just seems like, you know,

1898
01:18:19,060 --> 01:18:22,140
a thousand FBI agents and six guys in Des Moines

1899
01:18:22,140 --> 01:18:24,580
that don't know everyone else is a thousand FBI agents.

1900
01:18:24,580 --> 01:18:25,420
You know?

1901
01:18:27,420 --> 01:18:29,340
Yeah, truth social is a wild one.

1902
01:18:29,340 --> 01:18:33,700
Like I guess people's, I mean, some people use it.

1903
01:18:33,700 --> 01:18:35,900
It seems just like it's just like a Trump campaign app,

1904
01:18:35,900 --> 01:18:39,300
basically again with a bunch of FBI agents on there.

1905
01:18:39,300 --> 01:18:40,140
But yeah.

1906
01:18:40,140 --> 01:18:40,980
But not yet.

1907
01:18:40,980 --> 01:18:42,980
Nostra I think is really interesting in the sense

1908
01:18:42,980 --> 01:18:45,020
that it still has a very good culture.

1909
01:18:47,260 --> 01:18:49,060
It's very, you know, I don't know.

1910
01:18:49,060 --> 01:18:51,620
It's like, it's hard to opine on the future of Nostra.

1911
01:18:51,620 --> 01:18:54,500
I just, to me personally, I find it very useful.

1912
01:18:54,500 --> 01:18:56,020
I think there's a lot of really cool people

1913
01:18:56,020 --> 01:18:58,980
that I really enjoy, you know, interacting with on there.

1914
01:18:58,980 --> 01:19:00,500
And that's why I'm on there.

1915
01:19:00,500 --> 01:19:05,500
And I'm enjoying the algorithm-free experience.

1916
01:19:05,500 --> 01:19:07,140
I think that's the number one thing

1917
01:19:07,140 --> 01:19:09,900
that differentiates it from everything else.

1918
01:19:09,900 --> 01:19:11,900
And of course, this is not to get into all the

1919
01:19:11,900 --> 01:19:13,700
Nostra's protocol stuff, which, you know,

1920
01:19:13,700 --> 01:19:17,100
is a whole other Pandora's box can of worms, right?

1921
01:19:17,100 --> 01:19:19,780
But like just the way we experience Nostra today

1922
01:19:19,780 --> 01:19:21,700
is like sort of a Twitter clown.

1923
01:19:21,700 --> 01:19:23,620
It's interesting in the sense that it has no

1924
01:19:23,620 --> 01:19:26,260
algorithmic sorting function.

1925
01:19:26,260 --> 01:19:30,220
And it's almost like the algorithm is the thing.

1926
01:19:30,220 --> 01:19:31,980
You know when you stick a, you know,

1927
01:19:31,980 --> 01:19:34,700
you stick a amplifier, the guitar

1928
01:19:34,700 --> 01:19:35,820
into the other end of the amplifier,

1929
01:19:35,820 --> 01:19:37,820
and it creates that negative feedback loop.

1930
01:19:37,820 --> 01:19:41,300
And then you get that awful noise that happens,

1931
01:19:41,300 --> 01:19:42,780
that screeching.

1932
01:19:42,780 --> 01:19:45,460
It's almost like the rest of social media is that,

1933
01:19:45,460 --> 01:19:48,420
you know, and Nostra is like a breath of fresh air.

1934
01:19:48,420 --> 01:19:52,500
Yeah, it's incredible how much you can influence behavior

1935
01:19:52,500 --> 01:19:53,580
with algorithms, right?

1936
01:19:53,580 --> 01:19:56,860
And you see this on Twitter, like in the quality

1937
01:19:56,860 --> 01:20:01,260
of information that you get, where it's not really people

1938
01:20:01,260 --> 01:20:05,220
trying to post the most high value or high quality

1939
01:20:05,220 --> 01:20:08,980
information there, it's people trying to do whatever they can

1940
01:20:08,980 --> 01:20:11,940
to game the algorithms so that they get the most exposure

1941
01:20:11,940 --> 01:20:14,020
because the incentives are structured as such,

1942
01:20:14,020 --> 01:20:16,940
where the more exposure you get, if you're a, you know,

1943
01:20:16,940 --> 01:20:19,820
a premium verified, you're gonna get the most potential

1944
01:20:19,820 --> 01:20:22,060
ad revenue sharing from it.

1945
01:20:22,060 --> 01:20:24,060
And so everybody is just trying to game it.

1946
01:20:24,060 --> 01:20:27,020
It's why you see, like, I think that like AI Twitter

1947
01:20:27,020 --> 01:20:29,300
is the most key example of this,

1948
01:20:29,300 --> 01:20:33,060
where it's just like, like I'm pretty sure like 50 dudes

1949
01:20:33,060 --> 01:20:35,940
who are just all posting the exact same AI threads,

1950
01:20:35,940 --> 01:20:38,220
like open AI just dropped Sora,

1951
01:20:38,220 --> 01:20:39,780
here are five of the latest videos,

1952
01:20:39,780 --> 01:20:41,100
you won't believe are real.

1953
01:20:41,100 --> 01:20:43,060
And it's like, and you see that just over and over

1954
01:20:43,060 --> 01:20:44,260
and over and over again.

1955
01:20:44,260 --> 01:20:45,860
And it's like, you know, they're getting like

1956
01:20:45,860 --> 01:20:48,580
millions of impressions and it's like, all right.

1957
01:20:48,580 --> 01:20:50,380
And you guys are all posting the same thing

1958
01:20:50,380 --> 01:20:51,540
and it's not really high value.

1959
01:20:51,540 --> 01:20:53,980
And most of it is just recycled old content.

1960
01:20:53,980 --> 01:20:57,460
And it's nice that on Nostra, you,

1961
01:20:57,460 --> 01:20:59,500
there's no incentive to do that.

1962
01:20:59,500 --> 01:21:02,780
You're just gonna look like a human bot

1963
01:21:02,780 --> 01:21:04,900
and nobody's gonna wanna interact with you.

1964
01:21:04,900 --> 01:21:06,740
Like you're incentivized to be authentic.

1965
01:21:06,740 --> 01:21:10,220
And I think that's a good incentive to have.

1966
01:21:10,220 --> 01:21:13,220
It's authenticity, something we need a little bit more of.

1967
01:21:13,220 --> 01:21:15,060
I'm curious if the government, like right now

1968
01:21:15,060 --> 01:21:16,660
it's very much still so small

1969
01:21:16,660 --> 01:21:19,060
that I don't think anybody's really paying attention to it,

1970
01:21:19,060 --> 01:21:20,540
which is nice, like, you know,

1971
01:21:20,540 --> 01:21:23,020
fly under the radar as long as you need to.

1972
01:21:23,020 --> 01:21:25,180
But I'm curious if like this election cycle, you know,

1973
01:21:25,180 --> 01:21:27,900
somebody starts posting their hot takes

1974
01:21:27,900 --> 01:21:30,220
about election conspiracy theories on Nostra.

1975
01:21:30,220 --> 01:21:31,380
And then the government's like, well,

1976
01:21:31,380 --> 01:21:33,620
we might have to do something about this protocol.

1977
01:21:33,620 --> 01:21:35,180
Like, I don't know.

1978
01:21:35,180 --> 01:21:37,660
Does Snowden follow you on Nostra?

1979
01:21:37,660 --> 01:21:39,700
I think he does, which is just wild.

1980
01:21:39,700 --> 01:21:40,820
Yeah, so me too.

1981
01:21:40,820 --> 01:21:43,140
So the CIA has already got us on their list, you know.

1982
01:21:43,140 --> 01:21:43,980
Shit.

1983
01:21:43,980 --> 01:21:45,660
Thanks a lot, thanks a lot, Ed.

1984
01:21:45,660 --> 01:21:48,460
No, but like that's the incredible thing

1985
01:21:48,460 --> 01:21:52,060
is that you can be on there and a guy like Snowden

1986
01:21:52,060 --> 01:21:54,420
can follow you and you can interact with him

1987
01:21:54,420 --> 01:21:56,380
and have an actual conversation.

1988
01:21:56,380 --> 01:21:57,820
Like that's fucking insane.

1989
01:21:57,820 --> 01:22:00,820
Like, wow.

1990
01:22:00,820 --> 01:22:03,340
Like that, I mean, yeah, we are fuck,

1991
01:22:03,340 --> 01:22:05,340
we are on some lists now, aren't we?

1992
01:22:05,340 --> 01:22:06,300
Well, shit.

1993
01:22:06,300 --> 01:22:07,300
You know, what are you gonna do though?

1994
01:22:07,300 --> 01:22:08,700
I was probably on some lists already.

1995
01:22:08,700 --> 01:22:10,100
I'm sure you were as well.

1996
01:22:10,100 --> 01:22:11,660
So.

1997
01:22:11,660 --> 01:22:13,820
You know what's interesting about the algorithm,

1998
01:22:13,820 --> 01:22:16,220
I was thinking about why you were talking about it is,

1999
01:22:16,220 --> 01:22:18,220
so I've been cursed with a long memory.

2000
01:22:18,220 --> 01:22:21,220
And I remember in the early days of Facebook when,

2001
01:22:21,220 --> 01:22:23,340
you know, it went from being a thing we used in college

2002
01:22:23,340 --> 01:22:25,340
to post a photo of us doing a bong hit

2003
01:22:25,340 --> 01:22:27,580
to being a thing that suddenly your Aunt Becky was like,

2004
01:22:27,580 --> 01:22:29,900
why is there a photo of you smoking a bong on here?

2005
01:22:29,900 --> 01:22:31,220
Right.

2006
01:22:31,220 --> 01:22:33,660
And then what did Aunt Becky do

2007
01:22:33,660 --> 01:22:35,420
when she first got Facebook?

2008
01:22:35,420 --> 01:22:39,020
She was like, making a tuna salad, you know?

2009
01:22:39,020 --> 01:22:41,940
Or that like, going to the movies, right?

2010
01:22:41,940 --> 01:22:44,180
Like that was, those were the status updates.

2011
01:22:44,180 --> 01:22:47,100
And then as the algorithm kicked into full gear

2012
01:22:47,100 --> 01:22:51,020
and time moved on, 13 years later,

2013
01:22:51,020 --> 01:22:54,180
Aunt Becky's like, you're a fascist, rapist, pedophile,

2014
01:22:54,180 --> 01:22:55,300
fuck you.

2015
01:22:55,300 --> 01:22:57,180
And you're like, what?

2016
01:22:57,180 --> 01:23:00,100
Can you go back to making tuna salads, bitch?

2017
01:23:00,100 --> 01:23:01,420
Like, what are you doing?

2018
01:23:01,420 --> 01:23:02,300
You know?

2019
01:23:02,300 --> 01:23:03,420
It is wild.

2020
01:23:03,420 --> 01:23:06,020
Like Facebook very much transitioned

2021
01:23:06,020 --> 01:23:08,220
from this kind of perhaps boring,

2022
01:23:08,220 --> 01:23:11,580
but very benign platform to,

2023
01:23:11,580 --> 01:23:14,260
it's basically like now where boomers go to yell at each other

2024
01:23:14,260 --> 01:23:15,940
about their political beliefs.

2025
01:23:15,940 --> 01:23:16,780
Yeah.

2026
01:23:16,780 --> 01:23:20,140
Like that's a set, like it's where boomers go to ruin old,

2027
01:23:20,140 --> 01:23:22,140
like decades long friendships.

2028
01:23:22,140 --> 01:23:25,020
Like Carol, I know you're my friend of 30 years,

2029
01:23:25,020 --> 01:23:27,180
but if you don't stop supporting Donald J. Trump

2030
01:23:27,180 --> 01:23:30,340
right now, I'm going to unfriend you.

2031
01:23:30,340 --> 01:23:31,340
That's what they do.

2032
01:23:31,340 --> 01:23:33,580
It's literally, it's like, it's kind of so sad.

2033
01:23:33,580 --> 01:23:36,220
It's like, boy, you start to realize

2034
01:23:36,220 --> 01:23:39,180
the boomer class was not really,

2035
01:23:39,180 --> 01:23:41,140
they weren't really equipped to handle

2036
01:23:41,140 --> 01:23:44,220
that kind of accessibility to each other.

2037
01:23:44,220 --> 01:23:45,180
No.

2038
01:23:45,180 --> 01:23:47,780
You know, you almost feel bad.

2039
01:23:47,780 --> 01:23:50,060
The boomers only do two things.

2040
01:23:50,060 --> 01:23:52,740
Vacuum really loudly while listening to Fox News

2041
01:23:52,740 --> 01:23:55,220
at full volume or MSNBC.

2042
01:23:55,220 --> 01:23:57,820
And then two, screaming at each other on Facebook.

2043
01:23:57,820 --> 01:24:00,140
That's all they do.

2044
01:24:00,140 --> 01:24:01,140
You know?

2045
01:24:01,140 --> 01:24:02,500
Yeah, man.

2046
01:24:02,500 --> 01:24:04,140
God bless him though.

2047
01:24:04,140 --> 01:24:06,020
We're all shaped by the media environments

2048
01:24:06,020 --> 01:24:06,980
that we grew up in, right?

2049
01:24:06,980 --> 01:24:08,340
Like your grandchildren would be like,

2050
01:24:08,340 --> 01:24:09,980
you don't even fuck holograms.

2051
01:24:09,980 --> 01:24:10,980
What are you gay?

2052
01:24:10,980 --> 01:24:13,140
You're like, what?

2053
01:24:13,140 --> 01:24:14,460
What does that mean?

2054
01:24:14,460 --> 01:24:16,260
What does that mean?

2055
01:24:16,260 --> 01:24:20,860
No, I don't get that. Sounds a little weird.

2056
01:24:20,860 --> 01:24:22,980
Is there like a static buildup that happens with that?

2057
01:24:22,980 --> 01:24:25,380
How does that work?

2058
01:24:25,380 --> 01:24:27,260
So yeah, I mean, you know, but it's interesting

2059
01:24:27,260 --> 01:24:29,100
because like the changeover for the boomers,

2060
01:24:29,100 --> 01:24:32,380
I think was much more profound.

2061
01:24:32,380 --> 01:24:35,580
And, and, you know, it's just something that they can't.

2062
01:24:35,580 --> 01:24:38,500
I'm actually impressed when I meet boomers who are into Bitcoin.

2063
01:24:38,500 --> 01:24:39,580
I'm very impressed by that.

2064
01:24:39,580 --> 01:24:40,340
Same.

2065
01:24:40,340 --> 01:24:42,460
You know, because it's extremely difficult.

2066
01:24:42,460 --> 01:24:44,500
And I don't know if I was them.

2067
01:24:44,500 --> 01:24:48,220
I would have the same ability to change my mind

2068
01:24:48,220 --> 01:24:50,620
and stay young in spirit and thoughtfulness.

2069
01:24:50,620 --> 01:24:52,620
I, you know, Gary Leland, I was talking to Gary Leland,

2070
01:24:52,620 --> 01:24:55,020
Gary Leland, and he told me that every day

2071
01:24:55,020 --> 01:24:57,500
he just like will brush his teeth at the wrong hand

2072
01:24:57,500 --> 01:25:00,740
or put his socks on different or like, you know what I mean?

2073
01:25:00,740 --> 01:25:03,940
We're put on his t-shirt, then his socks, then his pants.

2074
01:25:03,940 --> 01:25:06,380
Like he just does everything different every day

2075
01:25:06,380 --> 01:25:10,460
to create like higher levels of neuroplasticity

2076
01:25:10,460 --> 01:25:12,740
so that he stays young in his mind.

2077
01:25:12,740 --> 01:25:14,740
And I was like, you know what, that comes through

2078
01:25:14,740 --> 01:25:15,860
when I'm talking to you.

2079
01:25:15,860 --> 01:25:17,780
So maybe that's a good thing that we should all do.

2080
01:25:17,780 --> 01:25:20,340
We should all take that page from Gary Leland, you know?

2081
01:25:20,340 --> 01:25:21,060
Dude, I love that.

2082
01:25:21,060 --> 01:25:22,540
Gary's a great dude.

2083
01:25:22,540 --> 01:25:25,740
And I'm saying mad respect to the boomer Bitcoiners

2084
01:25:25,740 --> 01:25:30,740
because that is like, talk about teaching an old dog new tricks.

2085
01:25:30,740 --> 01:25:31,700
Like that's impressive.

2086
01:25:31,700 --> 01:25:34,340
And it again requires a huge level of humility

2087
01:25:34,340 --> 01:25:36,020
and willingness to learn.

2088
01:25:36,020 --> 01:25:38,300
Like you're not a digital native.

2089
01:25:38,300 --> 01:25:39,900
You've seen a heck of a lot.

2090
01:25:39,900 --> 01:25:43,860
You know, you've lived two of our lifetimes already.

2091
01:25:43,860 --> 01:25:46,740
And if you're open to Bitcoin after all that

2092
01:25:46,740 --> 01:25:49,260
and after like you probably had a pretty good place

2093
01:25:49,260 --> 01:25:50,980
in the existing power structure,

2094
01:25:50,980 --> 01:25:52,700
but you decided to take a chance on something

2095
01:25:52,700 --> 01:25:56,180
that seemed fucking weird and it can guarantee the boomer

2096
01:25:56,180 --> 01:25:58,020
that any boomer Bitcoiners,

2097
01:25:58,020 --> 01:26:00,740
their boomer friends give them so much more shit

2098
01:26:00,740 --> 01:26:03,700
than a millennial or Gen Z Bitcoiners friends give them.

2099
01:26:03,700 --> 01:26:06,140
Like the boomer friends are like, yeah, like I'm worried

2100
01:26:06,140 --> 01:26:08,020
that you're, you know, you're going senile.

2101
01:26:08,020 --> 01:26:11,460
Like you're losing it, you know, with this, these bitty coins,

2102
01:26:11,460 --> 01:26:13,700
like more power to them.

2103
01:26:13,700 --> 01:26:15,020
It's fucking impressive.

2104
01:26:15,020 --> 01:26:15,820
It is impressive.

2105
01:26:15,820 --> 01:26:19,300
Yeah. I mean, I sometimes I go off on boomers, you know,

2106
01:26:19,300 --> 01:26:20,860
and I think they think I'm talking about them,

2107
01:26:20,860 --> 01:26:22,580
but I'm not talking about the Bitcoiners.

2108
01:26:22,580 --> 01:26:23,260
Yeah, yeah.

2109
01:26:23,260 --> 01:26:25,620
Just the regular boomers, you know.

2110
01:26:25,620 --> 01:26:26,700
Yeah.

2111
01:26:26,700 --> 01:26:28,980
The we got to we got to differentiate

2112
01:26:28,980 --> 01:26:30,660
like the boomers with a regular B

2113
01:26:30,660 --> 01:26:32,900
versus the Unicode Bitcoin B.

2114
01:26:32,900 --> 01:26:35,260
Like we should we should give them that special designation

2115
01:26:35,260 --> 01:26:37,580
just to that they're not offended.

2116
01:26:37,580 --> 01:26:39,300
Although, even though I like you guys,

2117
01:26:39,300 --> 01:26:41,420
I'm not going to Applebee's with you anytime soon.

2118
01:26:41,420 --> 01:26:42,100
All right. I'm sorry.

2119
01:26:42,100 --> 01:26:43,380
I'm just not going.

2120
01:26:43,380 --> 01:26:44,660
I don't go to Applebee's.

2121
01:26:44,660 --> 01:26:45,020
All right.

2122
01:26:45,020 --> 01:26:46,180
I know you guys love it.

2123
01:26:46,180 --> 01:26:47,460
I'm not going.

2124
01:26:47,460 --> 01:26:50,020
Are there, I can't imagine Applebee's is doing great

2125
01:26:50,020 --> 01:26:50,500
these days.

2126
01:26:50,500 --> 01:26:51,180
Are they?

2127
01:26:51,180 --> 01:26:54,820
Like, is that still like a, I don't remember the last time

2128
01:26:54,820 --> 01:26:57,140
I heard about anybody being like, you know what,

2129
01:26:57,140 --> 01:26:59,540
I think we'll we'll go to the Applebee's Diane.

2130
01:26:59,540 --> 01:27:02,820
All I know is that the boomers love Applebee's.

2131
01:27:02,820 --> 01:27:04,660
They only love two things in this world,

2132
01:27:04,660 --> 01:27:06,420
Donald Trump and Applebee's.

2133
01:27:06,420 --> 01:27:08,220
That's it.

2134
01:27:08,220 --> 01:27:09,540
Nothing else.

2135
01:27:09,540 --> 01:27:11,660
What a beautifully simple existence, though.

2136
01:27:11,660 --> 01:27:15,460
Like it's kind of zen.

2137
01:27:15,460 --> 01:27:17,420
You know, I, yeah, it's funny.

2138
01:27:17,420 --> 01:27:18,220
I envy the boom.

2139
01:27:18,220 --> 01:27:20,060
You know, I think that here's one thing I'll say

2140
01:27:20,060 --> 01:27:22,180
that's really positive about the boomers.

2141
01:27:22,180 --> 01:27:25,820
I think that the boomers are a vanguard in our society

2142
01:27:25,820 --> 01:27:28,100
that when they're gone, we're going to miss them

2143
01:27:28,100 --> 01:27:33,380
because young people are deranged.

2144
01:27:33,380 --> 01:27:35,340
Truly, truly.

2145
01:27:35,340 --> 01:27:38,060
Like even guys like us, we're deranged.

2146
01:27:38,060 --> 01:27:41,620
We're like internet money podcast guys.

2147
01:27:41,620 --> 01:27:43,620
That's a weird thing to be, man.

2148
01:27:43,620 --> 01:27:45,860
That's weird, you know?

2149
01:27:45,860 --> 01:27:48,260
Like there's not just like normal people

2150
01:27:48,260 --> 01:27:49,940
walking around anymore.

2151
01:27:49,940 --> 01:27:52,060
There used to just be normal boomers

2152
01:27:52,060 --> 01:27:57,060
who just walk around every day doing boomers.

2153
01:27:57,060 --> 01:27:58,140
Like now what do they do?

2154
01:27:58,140 --> 01:27:59,220
I don't know.

2155
01:27:59,220 --> 01:28:03,580
We're just every millennial is like low key mentally ill.

2156
01:28:03,580 --> 01:28:06,900
Like AOC is low key mentally ill for sure.

2157
01:28:06,900 --> 01:28:08,100
100%.

2158
01:28:08,100 --> 01:28:11,100
You know, what's it going to be?

2159
01:28:11,100 --> 01:28:13,620
Millennial politicians who believe things

2160
01:28:13,620 --> 01:28:15,580
like white privilege is real.

2161
01:28:15,580 --> 01:28:17,340
That's not real, man.

2162
01:28:17,340 --> 01:28:18,860
It's never been real.

2163
01:28:18,860 --> 01:28:20,980
What are you talking about?

2164
01:28:20,980 --> 01:28:24,860
It's worrisome about, I mean, like not even millennial,

2165
01:28:24,860 --> 01:28:26,660
but like the Gen Z political class,

2166
01:28:26,660 --> 01:28:28,180
that's going to be a terrifying one.

2167
01:28:28,180 --> 01:28:31,260
But again, this is where I hope that like,

2168
01:28:31,260 --> 01:28:34,820
I think the pendulum's swing, right?

2169
01:28:34,820 --> 01:28:36,620
It's what fucking pendulums do.

2170
01:28:36,620 --> 01:28:38,900
And sometimes when like, when they swing back,

2171
01:28:38,900 --> 01:28:41,500
they swing back hard.

2172
01:28:41,500 --> 01:28:45,060
And I have to imagine, I think we're already seeing

2173
01:28:45,060 --> 01:28:48,020
some of this, there's a pushback against some

2174
01:28:48,020 --> 01:28:50,780
of this general insanity out there

2175
01:28:50,780 --> 01:28:52,980
that this younger generation has been fed.

2176
01:28:52,980 --> 01:28:54,860
I mean, they've been fed by the older generation.

2177
01:28:54,860 --> 01:28:57,580
Like let's not absolve the older generation of this.

2178
01:28:57,580 --> 01:28:59,500
They're the power class right now

2179
01:28:59,500 --> 01:29:01,460
that's pushing a lot of these narratives.

2180
01:29:01,460 --> 01:29:05,020
And they're being picked up by this younger generation.

2181
01:29:05,020 --> 01:29:06,740
And it's, what is it to come down to?

2182
01:29:06,740 --> 01:29:09,380
It's a means of control and distraction, right?

2183
01:29:09,380 --> 01:29:12,380
To distract you from, it's to give you a problem

2184
01:29:12,380 --> 01:29:15,740
to look at that you are told is the cause of all your woes.

2185
01:29:15,740 --> 01:29:17,900
When in reality, that problem has nothing to do

2186
01:29:17,900 --> 01:29:19,100
with your woes at all.

2187
01:29:19,100 --> 01:29:20,980
The problem is far, far deeper than that.

2188
01:29:20,980 --> 01:29:24,420
And you're being, having the truth obfuscated from you,

2189
01:29:24,420 --> 01:29:25,980
because that truth is inconvenient.

2190
01:29:25,980 --> 01:29:28,540
And that's the things are so much more fundamentally broken

2191
01:29:28,540 --> 01:29:29,940
than you realize.

2192
01:29:29,940 --> 01:29:32,060
And anything that they tell you that's gonna fix

2193
01:29:32,060 --> 01:29:36,180
your little tiny perceived problem is not at all.

2194
01:29:36,180 --> 01:29:40,380
Your problem is a symptom of a much deeper disease.

2195
01:29:40,380 --> 01:29:44,700
And you can either treat the symptom, which is fine,

2196
01:29:44,700 --> 01:29:46,060
but you're just gonna have more symptoms

2197
01:29:46,060 --> 01:29:47,980
or you can cure the fucking disease.

2198
01:29:47,980 --> 01:29:50,100
And I think that's what Bitcoiners have come around to

2199
01:29:50,100 --> 01:29:52,380
is we gotta cure the fucking disease.

2200
01:29:52,380 --> 01:29:55,740
And it's a boy, it's a fucking bitch though, isn't it?

2201
01:29:55,740 --> 01:29:59,740
It's a nasty disease, this fear of degradation.

2202
01:30:00,740 --> 01:30:02,740
I think the woke mind virus in particular

2203
01:30:02,740 --> 01:30:05,020
is something that I don't know

2204
01:30:05,020 --> 01:30:07,700
that we're gonna be able to get rid of very easily.

2205
01:30:07,700 --> 01:30:10,220
There's a lot of people out there who believe

2206
01:30:10,220 --> 01:30:12,700
really stupid communist bullshit

2207
01:30:12,700 --> 01:30:15,500
and they walk amongst us, unfortunately.

2208
01:30:16,540 --> 01:30:17,940
We have more communists in this country

2209
01:30:17,940 --> 01:30:20,260
than we ever had before, ever.

2210
01:30:21,260 --> 01:30:23,460
I think the internet is going around creating communists

2211
01:30:23,460 --> 01:30:24,780
as well.

2212
01:30:24,780 --> 01:30:28,060
It's weird, I was mulling over this the other day.

2213
01:30:28,060 --> 01:30:29,620
I'd love to get your take on this.

2214
01:30:29,620 --> 01:30:32,540
It's like, I was trying to figure out

2215
01:30:32,540 --> 01:30:37,500
if the internet has been a tool of individualization

2216
01:30:37,500 --> 01:30:40,020
or collectivization, and I couldn't come

2217
01:30:40,020 --> 01:30:42,740
to a solid conclusion on that

2218
01:30:42,740 --> 01:30:45,500
because I see a lot more tribal behavior.

2219
01:30:47,180 --> 01:30:51,660
It used to be that we were all in these big tribes, right?

2220
01:30:51,660 --> 01:30:53,260
And then they splintered.

2221
01:30:53,260 --> 01:30:55,500
They shattered into a million pieces.

2222
01:30:55,500 --> 01:30:59,580
And now there's all these little disparate tribes, right?

2223
01:30:59,580 --> 01:31:02,100
But I don't really consider most of the people

2224
01:31:02,100 --> 01:31:04,100
in those to be individuals.

2225
01:31:04,100 --> 01:31:07,780
I think even Bitcoin is sort of a sovereign tribe

2226
01:31:07,780 --> 01:31:10,420
and less of a sovereign individual thesis,

2227
01:31:10,420 --> 01:31:13,460
especially newer Bitcoiners, not to pick on your class,

2228
01:31:13,460 --> 01:31:18,020
but it's a lot easier to become a Bitcoiner these days

2229
01:31:18,020 --> 01:31:19,140
because you can read a couple books

2230
01:31:19,140 --> 01:31:20,420
and listen to a couple of podcasts

2231
01:31:20,420 --> 01:31:22,660
and get the general message.

2232
01:31:22,660 --> 01:31:25,580
It used to be that we had to like Bitcoin in the dark,

2233
01:31:25,580 --> 01:31:28,140
which was, you were Bitcoin-ing,

2234
01:31:28,140 --> 01:31:30,820
reading weird forum posts from schizophrenic people

2235
01:31:30,820 --> 01:31:32,860
trying to figure out if they were right or not.

2236
01:31:32,860 --> 01:31:34,860
And like, is this guy a government agent

2237
01:31:34,860 --> 01:31:37,380
or is he making sense macroeconomically?

2238
01:31:37,380 --> 01:31:40,060
Like, it was a harder road to walk,

2239
01:31:40,060 --> 01:31:43,060
and so you had to be more individually minded to walk it.

2240
01:31:43,060 --> 01:31:45,620
And now it's a lot easier to join the orange tribe

2241
01:31:45,620 --> 01:31:48,060
and be like, I like me too, man.

2242
01:31:48,060 --> 01:31:49,380
I like stacking Bitcoin.

2243
01:31:49,380 --> 01:31:51,340
Fuck Hillary Clinton, dude.

2244
01:31:51,340 --> 01:31:52,580
And you're like, okay, that's cool,

2245
01:31:52,580 --> 01:31:55,020
but do you have your own thoughts or anything?

2246
01:31:56,380 --> 01:31:57,940
I completely agree.

2247
01:31:57,940 --> 01:32:02,940
Like it is much, much easier to jump on the Bitcoin train now.

2248
01:32:03,860 --> 01:32:08,860
I mean, it's very easy, I think, for new entrants

2249
01:32:09,140 --> 01:32:12,780
to look back and say, all those guys that got in in 2015,

2250
01:32:12,780 --> 01:32:17,020
2014, 2013, whatever, they're so lucky.

2251
01:32:17,020 --> 01:32:18,700
Like if only I had done that, it's like, well,

2252
01:32:18,700 --> 01:32:19,700
you wouldn't have.

2253
01:32:19,700 --> 01:32:21,260
You just wouldn't have.

2254
01:32:21,260 --> 01:32:24,660
Like I heard about Bitcoin in 2014

2255
01:32:24,660 --> 01:32:27,140
when a buddy was getting some stuff off the Silk Road

2256
01:32:27,140 --> 01:32:28,620
and he was like, have you heard of this Bitcoin thing?

2257
01:32:28,620 --> 01:32:31,940
I'm like, no, I haven't, and I don't want to, you fucking nerd.

2258
01:32:31,940 --> 01:32:35,380
And then, you know, ignored it for multiple more years

2259
01:32:35,380 --> 01:32:37,420
until 2017 when I ignored it again

2260
01:32:37,420 --> 01:32:40,420
and decided to buy one Litecoin

2261
01:32:40,420 --> 01:32:42,540
because I couldn't afford a full Bitcoin.

2262
01:32:42,540 --> 01:32:44,260
I'm a fucking idiot.

2263
01:32:44,260 --> 01:32:47,220
And then, you know, finally 2020 came around again.

2264
01:32:47,220 --> 01:32:50,340
And I was like, ah, okay, this time,

2265
01:32:50,340 --> 01:32:51,820
maybe I should pay attention

2266
01:32:51,820 --> 01:32:54,100
and maybe I should actually educate myself.

2267
01:32:54,100 --> 01:32:56,540
But come 2020, there were a lot more

2268
01:32:56,540 --> 01:32:58,700
fucking educational resources out there.

2269
01:32:58,700 --> 01:33:01,060
It's a lot easier to get into it now,

2270
01:33:01,060 --> 01:33:04,420
but there's also less of an excuse for you not to

2271
01:33:04,420 --> 01:33:06,340
because you do have a wealth of information

2272
01:33:06,340 --> 01:33:07,500
at your fingertips.

2273
01:33:07,500 --> 01:33:09,940
You've got, I mean, you've got this

2274
01:33:09,940 --> 01:33:13,740
among many, many other fucking Bitcoin podcasts for one.

2275
01:33:13,740 --> 01:33:15,100
You've got all sorts of books.

2276
01:33:15,100 --> 01:33:17,460
You've got conferences you can attend, meetups you can attend

2277
01:33:17,460 --> 01:33:18,460
everywhere.

2278
01:33:18,460 --> 01:33:21,380
It's a pretty incredible infrastructure

2279
01:33:21,380 --> 01:33:24,540
that's being built out to give you on-ramps to Bitcoin.

2280
01:33:24,540 --> 01:33:27,500
And those did not exist a decade ago.

2281
01:33:27,500 --> 01:33:31,060
And so, you know, it's easy to look back and say,

2282
01:33:31,060 --> 01:33:33,380
yeah, I would have bought Bitcoin

2283
01:33:33,380 --> 01:33:35,500
and then now I would be rich.

2284
01:33:35,500 --> 01:33:37,660
But you wouldn't have.

2285
01:33:37,660 --> 01:33:40,740
And if you did, you probably would have sold it to Shitcoin

2286
01:33:40,740 --> 01:33:43,060
during the ICO boom and then you would have lost it all

2287
01:33:43,060 --> 01:33:43,940
and gone away for a while

2288
01:33:43,940 --> 01:33:45,260
and then come back again.

2289
01:33:45,260 --> 01:33:47,820
And so you're here now, my fellow pleb.

2290
01:33:47,820 --> 01:33:49,940
And that's what matters, you know?

2291
01:33:49,940 --> 01:33:53,420
And don't take that chance for granted though,

2292
01:33:53,420 --> 01:33:56,620
because you don't want to come back in four more years.

2293
01:33:56,620 --> 01:33:59,020
I would just say have your own thoughts and opinions,

2294
01:33:59,020 --> 01:34:03,260
you know, just because you feel like you'll be part of the tribe

2295
01:34:03,260 --> 01:34:06,220
if you parrot somebody else's thoughts and opinions.

2296
01:34:06,220 --> 01:34:08,660
Just try your best not to do that, you know?

2297
01:34:08,660 --> 01:34:12,100
It's okay to like disagree and differ, you know?

2298
01:34:12,100 --> 01:34:15,220
You don't have to eat nothing but meat

2299
01:34:15,220 --> 01:34:17,380
or you don't have to like hate modern art.

2300
01:34:17,380 --> 01:34:19,220
You can like it, you know?

2301
01:34:19,220 --> 01:34:22,220
I don't like it, but you can like it, you know, it's fine.

2302
01:34:22,220 --> 01:34:24,940
Both of those felt like they were directed at safe-a-deen.

2303
01:34:24,940 --> 01:34:25,940
I'll just say that.

2304
01:34:25,940 --> 01:34:32,420
Well, no, I love safe, but those are safe's authentic opinions.

2305
01:34:32,420 --> 01:34:33,780
That's safe, right?

2306
01:34:33,780 --> 01:34:35,460
Like safe is like that.

2307
01:34:35,460 --> 01:34:38,180
He's really that guy, 100%.

2308
01:34:38,180 --> 01:34:40,700
But there's a bunch of guys who try and pretend

2309
01:34:40,700 --> 01:34:44,860
like they're like safe and it's like, did you just get this opinion?

2310
01:34:44,860 --> 01:34:46,580
Have you always had this opinion?

2311
01:34:46,580 --> 01:34:47,860
Did you just come to this opinion?

2312
01:34:47,860 --> 01:34:48,860
You know what I mean?

2313
01:34:48,860 --> 01:34:49,940
Just think for yourself.

2314
01:34:49,940 --> 01:34:52,700
If you think for yourself and you come up to the same conclusions,

2315
01:34:52,700 --> 01:34:56,580
that's fine, just know how you're arriving at the conclusions.

2316
01:34:56,580 --> 01:34:59,780
Don't leave one group to join a different group.

2317
01:34:59,780 --> 01:35:01,940
The last thing Bitcoin needs is more people

2318
01:35:01,940 --> 01:35:05,260
who think they're in a fucking group, you know?

2319
01:35:05,260 --> 01:35:06,060
Do your own thing.

2320
01:35:06,060 --> 01:35:07,500
Be an individual.

2321
01:35:07,500 --> 01:35:08,500
Be a man.

2322
01:35:08,500 --> 01:35:13,700
The last thing I would say on that is just make your own memes.

2323
01:35:13,700 --> 01:35:17,740
Don't be a derivative meme stealer.

2324
01:35:17,740 --> 01:35:19,940
Go out there and craft your own memes.

2325
01:35:19,940 --> 01:35:21,460
Build your own way.

2326
01:35:21,460 --> 01:35:24,900
You can make the next meme of this bull run.

2327
01:35:24,900 --> 01:35:26,260
That can be you.

2328
01:35:26,260 --> 01:35:31,860
But I want to be conscious of your scarce time.

2329
01:35:31,860 --> 01:35:35,420
So before we end out, last thing totally unrelated to anything else.

2330
01:35:35,420 --> 01:35:40,260
You're reading anything right now, Bitcoin or not related that you'd recommend?

2331
01:35:40,260 --> 01:35:41,900
Mm.

2332
01:35:41,900 --> 01:35:43,020
What have I read?

2333
01:35:43,020 --> 01:35:43,820
You heard of books?

2334
01:35:43,820 --> 01:35:44,940
You like this?

2335
01:35:44,940 --> 01:35:47,620
Yeah, I was trying to think what have I read recently?

2336
01:35:47,620 --> 01:35:48,940
Let me check my.

2337
01:35:48,940 --> 01:35:50,820
Let me check my audible list.

2338
01:35:50,820 --> 01:35:51,980
I have nice.

2339
01:35:51,980 --> 01:35:56,180
I've developed this habit where if something doesn't interest me

2340
01:35:56,180 --> 01:35:58,180
immediately to stop reading it.

2341
01:35:58,180 --> 01:36:00,860
So I'm trying to think of where I'm at, like in terms of like things

2342
01:36:00,860 --> 01:36:03,460
I actually stopped reading or where.

2343
01:36:03,460 --> 01:36:04,140
What did I read?

2344
01:36:04,140 --> 01:36:08,100
OK, where are the customers yachts?

2345
01:36:08,100 --> 01:36:13,020
Really, really good book about, you know, sort of efficient market hypothesis.

2346
01:36:13,020 --> 01:36:16,780
I've been digging that one, which was recommended to me by the original

2347
01:36:16,780 --> 01:36:20,740
Bitcoin maximalist himself, Jen Seth.

2348
01:36:20,740 --> 01:36:24,260
And then let's see what else I got.

2349
01:36:24,260 --> 01:36:25,260
I haven't heard of that one.

2350
01:36:25,260 --> 01:36:26,140
I'll have to check that out.

2351
01:36:26,140 --> 01:36:27,860
Where are the customers yachts?

2352
01:36:27,860 --> 01:36:29,060
Where are the customers yachts?

2353
01:36:29,060 --> 01:36:31,740
Yeah. Oh, and then Rise and Fall of the Third Reich.

2354
01:36:31,740 --> 01:36:34,820
I just went through all of that recently.

2355
01:36:34,820 --> 01:36:37,900
Probably the best book on Nazi Germany I've ever read.

2356
01:36:37,900 --> 01:36:44,220
And the parallels between today's time and pre the pre the

2357
01:36:44,220 --> 01:36:48,060
Nazification of Germany are just incredible.

2358
01:36:48,060 --> 01:36:51,500
You know, I mean, there's so much in there that like you'll have to go

2359
01:36:51,500 --> 01:36:54,660
through it and read it, but there's just so much in there that we're

2360
01:36:54,660 --> 01:36:55,980
seeing today.

2361
01:36:55,980 --> 01:36:59,860
And I have to unfortunately believe it's going to give rise to something

2362
01:36:59,860 --> 01:37:03,460
horrible, just like it did in, you know, pre Nazi Germany.

2363
01:37:05,140 --> 01:37:06,220
And well, I appreciate that.

2364
01:37:06,220 --> 01:37:09,580
Those are two very different end of the spectrum recommendations.

2365
01:37:09,580 --> 01:37:11,500
So I appreciate that.

2366
01:37:11,500 --> 01:37:14,660
But I'll I want to thank you again for coming on here.

2367
01:37:14,660 --> 01:37:18,860
You know, Bitcoin is scarce, but your time is also scarce.

2368
01:37:18,980 --> 01:37:21,140
And Bitcoin podcasts are quite abundant.

2369
01:37:21,620 --> 01:37:24,500
So I want to thank you for coming on another fucking Bitcoin podcast,

2370
01:37:24,500 --> 01:37:26,340
sharing that scarce time with me.

2371
01:37:26,340 --> 01:37:31,100
It's true at American Hodel 8.

2372
01:37:31,100 --> 01:37:33,340
I believe you say HODL, but we don't have to get into that right now.

2373
01:37:33,340 --> 01:37:35,460
We don't have we don't have time to get into that debate, unfortunately.

2374
01:37:37,860 --> 01:37:40,740
But I'll drop your noster as well.

2375
01:37:40,740 --> 01:37:43,220
Anywhere else you want to send people?

2376
01:37:43,220 --> 01:37:45,500
No, man, just fucking buy Bitcoin.

2377
01:37:45,500 --> 01:37:46,980
Don't you have to go visit my Twitter?

2378
01:37:46,980 --> 01:37:48,060
Just go buy Bitcoin.

2379
01:37:48,060 --> 01:37:49,420
And your Twitter is pretty fire, though.

2380
01:37:49,420 --> 01:37:51,220
That's why I would recommend that they do it.

2381
01:37:51,620 --> 01:37:54,060
I listen as far as it is.

2382
01:37:54,060 --> 01:37:56,740
The Bitcoin will keep you warmer at night.

2383
01:37:56,780 --> 01:37:57,980
You know what I mean? Get some.

2384
01:37:57,980 --> 01:37:59,740
I mean, that's the most important.

2385
01:37:59,740 --> 01:38:04,500
That's the most important thing is just like make sure that you did the right

2386
01:38:04,500 --> 01:38:05,900
things during this time period.

2387
01:38:06,060 --> 01:38:07,860
Don't leave anything on the table.

2388
01:38:07,860 --> 01:38:09,300
I've been going around. I'll ask you.

2389
01:38:09,300 --> 01:38:13,940
I've been going around asking people if they had to give themselves a report card

2390
01:38:13,940 --> 01:38:15,380
for the bear market.

2391
01:38:15,380 --> 01:38:17,140
What would you give yourself?

2392
01:38:17,140 --> 01:38:18,740
Hmm.

2393
01:38:18,740 --> 01:38:22,740
I would give myself, I'd say an A minus.

2394
01:38:22,740 --> 01:38:28,380
I was pretty pleased with how I how I did.

2395
01:38:28,380 --> 01:38:35,700
I stacked quite relentlessly and really made sure I had as little fiat as possible

2396
01:38:35,700 --> 01:38:38,260
in that checking account at all times.

2397
01:38:38,260 --> 01:38:44,140
However, there were also some purchases made, which were larger, some necessary,

2398
01:38:44,140 --> 01:38:46,380
but perhaps some not.

2399
01:38:46,380 --> 01:38:48,060
I think I could have always done better.

2400
01:38:48,060 --> 01:38:51,460
I'll give myself a minus verging on B plus,

2401
01:38:51,460 --> 01:38:52,940
but I'm looking back.

2402
01:38:52,940 --> 01:39:00,500
I do not think I will be disappointed with my stacking because it was like a boy

2403
01:39:00,500 --> 01:39:05,500
was a kick in the gut sometimes to try and stack at the as things were going down,

2404
01:39:05,500 --> 01:39:07,460
down, down and staying down for so long.

2405
01:39:07,900 --> 01:39:12,660
But now it feels pretty good to have stacked when things were way fucking down.

2406
01:39:12,860 --> 01:39:16,300
And like, you're like, wow, it's fucking what do we have right now?

2407
01:39:16,300 --> 01:39:21,940
At the at the time of recording fiat price of Bitcoin, sixty seven thousand four hundred

2408
01:39:21,940 --> 01:39:23,580
and ninety two cockpucks.

2409
01:39:23,980 --> 01:39:30,300
So, yeah, the the the sats that I sniped at like sixteen something thousand feel

2410
01:39:30,300 --> 01:39:31,860
pretty fucking great right now.

2411
01:39:32,140 --> 01:39:34,140
But I could always I could always have done better.

2412
01:39:34,780 --> 01:39:38,740
But I'm not going to lose sleep over it because I'm I'm fairly proud.

2413
01:39:38,860 --> 01:39:39,860
Yeah.

2414
01:39:39,860 --> 01:39:40,700
And now fuck.

2415
01:39:40,700 --> 01:39:42,940
Thank God, because having a kid's fucking expensive.

2416
01:39:43,220 --> 01:39:44,620
It is. Yeah.

2417
01:39:44,620 --> 01:39:47,900
Less sats are being stacked now, but those sats that I stacked

2418
01:39:47,900 --> 01:39:52,140
are in the bear market are that's for that little guy's future, you know, bro.

2419
01:39:52,660 --> 01:39:53,780
Don't buy all the baby shit.

2420
01:39:53,780 --> 01:39:55,060
Don't make the same mistake I made.

2421
01:39:55,060 --> 01:39:56,300
You know what kids love?

2422
01:39:56,300 --> 01:39:57,380
Kids love this.

2423
01:39:57,380 --> 01:39:58,660
They love a water bottle.

2424
01:39:58,660 --> 01:40:01,140
Just give them one of these empty water bottle.

2425
01:40:01,940 --> 01:40:03,420
Hours of entertainment.

2426
01:40:03,420 --> 01:40:05,100
Just let them crackle the sides a little bit.

2427
01:40:05,100 --> 01:40:06,100
They love crackling noises.

2428
01:40:06,100 --> 01:40:07,100
That's all they want to do.

2429
01:40:07,100 --> 01:40:08,100
There's one.

2430
01:40:08,100 --> 01:40:15,260
Oh, to be a little human and be so fast, it's reminded me to be

2431
01:40:15,940 --> 01:40:19,700
to be wide eyed about things again, you know, to look up and look around

2432
01:40:19,700 --> 01:40:22,060
and be like, wow, that tree is fucking cool, you know.

2433
01:40:22,180 --> 01:40:23,180
I know.

2434
01:40:23,580 --> 01:40:24,660
I know it's a beautiful thing.

2435
01:40:24,660 --> 01:40:25,380
It's great, man.

2436
01:40:25,380 --> 01:40:25,980
It's the best.

2437
01:40:25,980 --> 01:40:30,060
And like, yeah, money spent on your family is not money that you're going to regret.

2438
01:40:30,260 --> 01:40:31,460
You know, amen.

2439
01:40:31,460 --> 01:40:34,700
Yeah. Well, dude, thanks so much for coming on here.

2440
01:40:34,700 --> 01:40:36,420
This was this is a fucking blast.

2441
01:40:36,420 --> 01:40:40,460
And looking forward to seeing you in the flesh, hopefully a little later this year.

2442
01:40:40,780 --> 01:40:42,740
Yeah, probably be in Nashville if you're going to be there.

2443
01:40:43,180 --> 01:40:44,180
Yeah, going to be there.

2444
01:40:44,180 --> 01:40:47,380
Going to bring the little guy to I think so should be a good time.

2445
01:40:47,700 --> 01:40:48,500
Fun. All right.

2446
01:40:48,500 --> 01:40:49,460
Well, I'll see you then, man.

2447
01:40:49,460 --> 01:40:51,380
And we should do another one of these pods at some point.

2448
01:40:51,780 --> 01:40:52,900
Yeah, let's do it.

2449
01:40:52,900 --> 01:40:54,340
I'm going to hold you to that.

2450
01:40:54,340 --> 01:40:56,100
Well, yeah, of course, it's a date.

2451
01:40:56,100 --> 01:40:56,620
It's a date.

2452
01:40:56,620 --> 01:40:57,420
All right.

2453
01:40:57,420 --> 01:40:57,940
Dating.

2454
01:40:57,940 --> 01:40:58,500
All right, brother.

2455
01:40:58,500 --> 01:40:59,020
Please.

2456
01:40:59,020 --> 01:41:09,620
And that's a wrap on this Bitcoin talk episode of the Bitcoin podcast.

2457
01:41:10,060 --> 01:41:13,980
If you are a Bitcoin only company interested in sponsoring another fucking

2458
01:41:13,980 --> 01:41:18,820
Bitcoin podcast, head to Bitcoin podcast net or hit me up on social media.

2459
01:41:19,420 --> 01:41:25,540
On noster head to primal net slash Walker and on Twitter search for at Walker America

2460
01:41:25,540 --> 01:41:26,580
or at TTC.

2461
01:41:26,580 --> 01:41:32,620
And you can also watch the video version of this show on X or on YouTube by going

2462
01:41:32,620 --> 01:41:38,300
to YouTube dot com slash Walker America or rumble by searching for at Walker America.

2463
01:41:38,740 --> 01:41:40,420
Bitcoin is scarce.

2464
01:41:40,740 --> 01:41:45,220
There will only ever be 21 million, but Bitcoin podcasts are abundant.

2465
01:41:45,700 --> 01:41:51,140
So thank you for spending your scarce time to listen to another fucking Bitcoin podcast.

2466
01:41:51,140 --> 01:41:56,420
Until next time, stay free.