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We are going to win.

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The big question now is, like, on what time span is that going to be?

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Who are going to be the people that implement it?

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And, like, how is this going to manifest itself?

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The Bitcoin story is going to go, boom, rocket ship, blocked by rocket ship.

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It's going straight up and to the right, okay?

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And all your dreams are going to come true.

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And then what?

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And then what?

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What the fuck are you going to do after you have a Lambo and a mansion?

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What do you do next?

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spend a lot more time thinking about that

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because Lambos and mansions come and go

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and by the way, like, they're nothing

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it's all nothing, it just means nothing

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like, you're flying first class

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you're drinking champagne, you're in a Lamborghini

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it means fucking nothing

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there's no difference between drinking Highlights

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and sitting in the back of a Camry and flying Southwest

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it doesn't matter, none of that shit matters

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the thing that matters is the world we build

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the world we leave behind

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Bitcoin's a thousand year system

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we are going to be, we're the new capital allocators

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of that world and we're going to be leaving large amounts of bitcoin and hopefully new ideas and new

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systems to the people that come after us like look if you're too retarded to like play out a full game

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theory and that like you only got that far like congratulations like you lose and like anybody

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who's actually smart enough to get what's going on is like oh shit like nationalization is like a

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real risk at this point in time because like obviously like we can't ever pay off the debt

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The Bible says that you should keep a third of your wealth in gold, a third of your wealth in real estate, and a third of your wealth in your business.

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And honestly, that advice is 2,000 years old.

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It's fucking great advice.

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Like, if you just replace gold with Bitcoin and you did that, you would just be super prosperous.

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Like, your FA ain't going to tell you that shit.

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The Bible's got you covered, though, dog.

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We have Bitcoin.

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It's successful.

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The nation state can't stop us.

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Like, if you motherfuckers could actually think for yourselves instead of listening to these fucking pieces of shit on MSNBC who fucking hate you and want to make sure that you stay in the box, you could actually free yourself from this.

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Our broad alignment between the public and the state can actually, we can create like a life raft for everyone.

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And we can basically save everyone who lives around us in America, at least we can't save the world, but we can save the other Americans.

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That's the really beautiful thing, in my opinion, is that like what we're talking about isn't bat shit crazy stuff.

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In fact, like 90 percent of humanity is in total agreement with us.

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And now we have this great thing called the Internet and we have this great way to communicate called NOSTER.

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We're like we can do that in a censorship resistant way that like there's an actual possibility that we could save the world from the global panopticon and totalitarianism that's coming.

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But that's going to demand a lot of effort and sacrifice in a way that's different.

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Nothing is permanent. Everything is temporary. Everything is cyclical. Everything transforms.

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And like Eric said, the neoliberal world order, which basically is a cover story for the largest theft ever known to mankind.

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They're stealing from every human being on Earth every time they hit the print button on the fiat central bank computer.

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That is coming to an end because people just simply can't stand it anymore.

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it has reached its inevitable conclusion or it's very near its inevitable end state

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and i just don't think it's going to go on for that much longer especially once the boomers are

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gone because they're the only ones who are deeply in love with it everybody else is like

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fuck it who needs it yeah most people are completely cucked pussy and this is like a

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quote from julian assange but something like the realization that like courage is way more rare than

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intelligence. When I finally got that, I was like, oh shit, like this is super alarming because like

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you can have smart motherfuckers who are just limp dick pussies that'll just bend over the moment

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that you tell them I'm gonna fuck you. Greetings and salutations, my fellow plebs. My name is

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Walker and this is the Bitcoin podcast. Bitcoin continues to create new blocks every 10 minutes,

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the value of one Bitcoin is still one Bitcoin. And if you're listening to this right now,

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remember, you are still early. If you're not already, go ahead and subscribe to this show

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wherever you're watching or listening and share it with your friends, family and strangers on the

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internet. If you want to follow me in the show on Noster and X, just head to the show notes to

65
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grab the links. If you're enjoying the Bitcoin podcast and want to support it by becoming a paid

66
00:04:37,840 --> 00:04:43,240
subscriber, you can download the Fountain app, search for The Bitcoin Podcast, and subscribe

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by paying with Bitcoin via lightning or fiat via card. You'll get access to ad-free episodes and

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early releases of select content, plus you'll help support this show. Head to the show notes

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for product discount links, go to walkeramerica.substack.com to get episodes emailed to you,

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and head to bitcoinpodcast.net for everything else. Without further ado, let's get into this

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Bitcoin talk.

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Dude, I'm not going to lie.

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That camera is pretty sweet, man.

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You're really putting me to shame over here.

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I've just got my old stationary camera like some fucking

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like Steven Glansberg over here.

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I got my own camera operator.

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You know what I mean?

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Dude, it's pretty dope.

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All right, let's see if Zap.Stream works today.

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Yes, Zap.Stream's working, you guys.

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What a glorious day.

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i was honestly a little nervous i was like man i hyped this stream too much for the stream like

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not to work okay it does i i have a way of doing that um okay we should be rock solid though sick

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i'm just gonna blast this out i was like dude eric i was my first uh vlog was on uh

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fucking georgio am amgigan i can never say his name i'm still not sure how to pronounce it after

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your video the state the state of exception and read it i well i was i chat gpt the beats oh so i

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mean essentially yes i did read it nothing is lost in translation there and it's definitely giving you

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highly accurate so well something i'll take it you you were the one who told me about it uh when we

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were hanging out in los angeles and uh i've been thinking about the concept ever since you said it

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to me and i just can't stop thinking about it lately especially like with donald trump's like

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move to federalize uh you know the washington dc police department police force well let's be fair

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and this wasn't just ambigan's concept but he got it from our nazi friend carl schmidt because that's

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we always got to come back to the nazis so right oh that's a fun time but yeah i'm actually i'm

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reading the same nazi again on uh other esoteric political theory which has been really fun actually

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it's always fun to read nazi literature you know it's always fun to explain to like liberal girls

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in san francisco like why i'm reading nazis like it's it's a really great it's cool it's cool it's

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not what you think no no it's like yeah he was a nazi like sure he defended the knight of long

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knives but he's like not a bad dude he's not i uh i was putting together i was gonna put together

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like a shelf of like just you know the most controversial books of all time and then i like

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i was in the amazon cart and i was like mein conf and i was like i don't actually want to

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build this shelf a book it's like i'm not gonna buy mine comp off of amazon like you can actually

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do that this was like some years ago i don't know that you could still do it today i feel like you

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should be able to do it though like on principle right yeah yeah well yeah that's like the whole

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thing about the first amendment and like the freedom of speech thing that like people don't

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like anymore because they're like oh no words are scary and they could like hurt me so i can't let

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People say shit that they don't like, which, by the way, like shit going down in the UK.

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Like how fucking wild.

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Oh, it's crazy.

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It's the most dystopic thing.

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And then you talk to them and they're some of them know what's going on and they're despondent.

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Like they're just so depressed about it that they can't even like move themselves to any meaningful action.

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And then others will tell you with a straight face.

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I've never heard of this.

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What are you talking about?

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And you're like, what do you mean?

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What am I talking about?

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And they're like, oh, well, yeah, I heard about the woman who was put in jail for three years and can't see her children because she was a horrible racist.

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But, I mean, that just makes sense.

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And you're like, whoa, whoa, whoa, whoa, whoa.

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Like this lady, like, expressed an opinion that she, you know, was uncouth, whatever, whatever you're going to say about it.

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But she deleted it.

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Like, she went for a walk and deleted it an hour later.

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So if you can't have a human moment and post it on the internet and then decide, you know what, that doesn't really reflect my values.

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I'm going to delete it.

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I mean that's the – it's the craziest.

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You're living in a full-on totalitarian concentration camp.

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Even so, she didn't like call – I know the case you're talking about but like she didn't like call explicitly for violence, did she or anything like that?

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She said something in the effect of like burn them all or something.

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Okay, so it could potentially be like –

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In America, the call to violence has to be specific and credible and imminent.

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There has to be an imminent threat of violence.

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So if I say, yo, we should fucking kill all those Midwestern fucking D-bags who like Miller Lite, like Walker fucking douchebags.

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Just murder them all.

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And we should do it right now.

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That's fine because it's so broad.

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It's so broad that it doesn't matter.

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But if I was like, you know, Walker lives at this address and he's you need to go kill him right now.

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That's that's an illegal threat.

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You know, yeah, that's I'm glad you're not making that threat.

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By the way, well, I'll take you to see you in court, sir.

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um the uh the the influencers that you posted or whatever the other day that like were bragging

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with with probably like fake numbers because who has that much money like fiat in a bank account

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but anyway yeah yeah like i had multiple people be like oh that's like walker and carl it's like

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do you like really of like all the things like after all the things you've seen carl and i do

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you think we'd be like the ones out there for some reason still using tiktok and then like

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bragging about first of all like if i had 200 btc i would not need to shill affiliate links on this

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podcast yeah a bunch of people thought that a bunch of people thought that was that was you

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guys for some reason i think just because the dude is is a similar build to you but the girl

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i thought that guy looked like a bitch honestly so like i'm kind of offended well you just both

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you're both just like slender dudes you know i mean so like you know it's a compliment okay

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yeah doesn't feel like i couldn't tell the difference because of how good looking he was

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and i was like is that adonis thank you like i can't i can't tell that's that's exactly what i

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was thinking too now it's it's it's wild in the uk though i was just uh i was talking to some uh

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gals that were uh were visiting like this was like a month or two ago and i was asking them

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like what do you like what do you think about the situation there and they're like obviously

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like pretty uh pretty based and and they're we're basically like no it's it is as bad or worse than

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than people say and like but to your point hoda like even in the uh uk like a lot of people just

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like won't like won't talk about or aren't aware of it but i guess like we have the same sort of i

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guess that's like that's perhaps a global condition where like not everyone's going to pay attention

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to stuff but it's wild there because it seems so acute that it's like how could you not pay

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attention to it it's like how could you not be aware yeah that's the whole sense that's a censorship

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recursive thing it's like we can censor you bringing attention to it so like i'm pretty sure

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that there have actually been like thousands of people that have been jailed for this at this point

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in time but because you can't publicly speak about it in the uk nobody's aware about it so they're

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like what do you mean this stuff is happening it's like oh it's because like we can now memory hole

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everything because you can't actually talk about it yeah and this is the kind of first principle

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shit that like i find bananas that like people can't like put together being like wait a minute

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if they like can censor stuff doesn't that mean that we don't have access to like what the actual

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information it look whoa maybe that's like not good i like being like you know there's like other

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people who are like way fucking smarter than you or me who like thought about all this shit

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like hundreds of years ago before like their brain could be rotted by tiktok so they could

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really sit down and like think hard about shit and it turns out they like figured out like here

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in the united states they're like you know it's like being able to like speak openly thing this

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was like really important because like if we want to be like fuck the king that guy sucks like

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that's kind of a big priority for us to be able to do that but i i don't know a lot of people can't

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put this shit together and it's uh deeply deeply concerning something uh you know i think about

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quite a bit is um you ever heard david foster wallace's uh this is water speech it's a really

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good speech i would i would recommend everybody look it up and you know essentially the story is

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that two young fish are swimming along and an older fish comes by and goes,

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how's the water today, boys?

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And the young fish turns to the other one and says, what the fuck is water?

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And so it's like the water in David Foster Wallace's analogy is the dogma that pervades your life.

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It's the cultural presuppositions that you've never thought about,

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you've never had a meta-critique or analysis of.

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You don't even know they're there because they're just so part of your world.

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And for the British, I think not having free speech is actually baked deeply into their culture because they've never had free speech ever.

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It's not like they lost it at some point.

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And when – one example I've used with British friends over and over again when we're at dinner, I always bring this up and I say, sarcasm, British sarcasm, famous dry humor is a reaction to you guys not having free speech because you need to be able to say, no, I meant the opposite of what I said.

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I was being sarcastic, right?

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And they go, no, they were just British, mate, you know, fucking whatever.

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And it's like, no, it's a constraint that came up.

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Americans are funny too, but Americans are funny in a way where we can be bold and brash and outright about what we want to say, right?

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Where you can't do that in England because you always need the trap door, the fallback of I was just taking the piss.

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I was just being sarcastic.

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I meant the opposite.

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I actually meant it.

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No, I meant it sincerely.

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or I didn't mean it sincerely, whatever it is.

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And that's something that's very difficult for British people to see clearly.

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And in fact, like those in the audience who are British will be upset at me for saying this

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because they usually are.

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But I keep saying it repeatedly because it's important to poke at the invisible fence.

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You know, in like Jurassic Park, the velociraptors are always testing the fences

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and they never test the same spot twice.

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It's important to be doing that in your own life and with your culture

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and like the things that you take for granted.

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Like, what is the water that is around you?

209
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And we have our own in America.

210
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So I'm not uniquely putting this on the Brits.

211
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I'm just saying, like, that's an example from their culture and part of why this is going on with, you know, the draconian anti-speech stuff over there.

212
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It's kind of interesting, the fence testing part about because, like, I think a lot of people have never, like, tried to touch the fence.

213
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And so if you're like, that's a fence, they're like, what?

214
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No, like, I'm I'm totally free.

215
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I can go wherever I want.

216
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So, like, go over there.

217
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Touch it.

218
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Yeah.

219
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And they're like, well, I have no need to go over there.

220
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Like, like in theory and practice, like, why don't you try that?

221
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And it's kind of interesting because like, no, like, I don't, I don't want to.

222
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I really like it right here.

223
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And it's like, I think you might just be a pussy.

224
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Yeah.

225
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That's also one of the other like really despondent things I've realized is that like most people are completely cucked pussies.

226
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But like, and this is like a quote from Julian Assange, but it's something like the realization that like courage is way more rare than intelligence.

227
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Yeah.

228
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Like when I finally got that, I was like, oh, shit.

229
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Like this is super alarming because like you can have smart motherfuckers who are just limp dick pussies that will just bend over the moment that you tell them I'm going to fuck you.

230
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And like this happened one way or another.

231
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All right.

232
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No fight.

233
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Let's do this.

234
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It's like, oh, wow.

235
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That was alarming and easy.

236
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I actually think smart.

237
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I think smart people can be more susceptible to cowardice than people who aren't because, you know, if you can think about all the potential consequences from taking an action, then you're less likely to take that action.

238
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Whereas somebody who's dumber would be like, I'm going to fucking do it and see what the fuck happens.

239
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Right.

240
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Yeah.

241
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Smart people rationalize.

242
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Like you can always rationalize your way out of something because you're like, well, because of X, Y and Z, this is why, of course, I shouldn't go and do this.

243
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like yeah versus like the fuck it like well in addition to the fact that particularly like mid

244
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bell curvers uh because i like think they're really smart uh like they're way more susceptible

245
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to like the social heuristics that are around them where they go oh if i like say that outlandish

246
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thing like i can get canceled whereas like your right bell curve and your left bell curve people

247
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like i really like that the right bell curve people understand that the left bell curve people

248
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is like their main ally and that they're like hey we'll like team up because like i'm smart enough

249
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to get that like all of the reasoning of like why you're actually right no like huh that just feel

250
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good like all right like well we should do well here together i think that might be my favorite

251
00:17:41,680 --> 00:17:46,100
like my favorite meme format like if i had like and that's a tough that's a tough ask right like

252
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if you had to pick one meme format that like that's the only meme format you can use like the

253
00:17:50,020 --> 00:17:54,480
rest of your life like that's it you're locked in i think that might be it for me like that it

254
00:17:54,480 --> 00:18:01,160
might be the bell curve meme because it just it hits on so many levels i don't know no it's do you

255
00:18:01,160 --> 00:18:04,560
know how many people don't know what the bell curve do you know how many people don't know what the

256
00:18:04,560 --> 00:18:10,980
bell curve meme is the average person the midwit on the bell curve has never heard of the bell curve

257
00:18:10,980 --> 00:18:18,000
meme that's again back to the dogma that pervades your life they don't even know what the bell curve

258
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meme is right whereas we all use i was talking with uh mason one of the young guys from the true

259
00:18:23,620 --> 00:18:27,100
North podcast when I was up in Portland and he, we were talking, we were discussing Bitcoin

260
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treasury companies. I was giving a take and he was like, I think you're mid-curving it, dude.

261
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And I was like, wait, am I mid-curving? You know, and then we all do that to each other,

262
00:18:33,460 --> 00:18:37,080
right? Like that's like our way to be like, Hey, you're, you're thinking like a normie,

263
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you know, uh, they, the normies have never heard that because to exist in a state of meta analysis

264
00:18:46,080 --> 00:18:54,420
about normiedom breaks it pops the bubble that is normiedom so you can't even think the word

265
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normie when you're a normie that's the dog that pervades your life well or like nor normie isn't

266
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like a pejorative to them they're like oh look thanks i don't really know of course i live in

267
00:19:06,140 --> 00:19:12,660
the box i invest in my 401k it's right you know everything's great let me have it when i'm retired

268
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I'm sorry I like Taylor Swift in football.

269
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I'm sorry.

270
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I love it.

271
00:19:18,180 --> 00:19:19,500
That's crazy.

272
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Cracking open a Miller latte.

273
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Just doing it.

274
00:19:23,440 --> 00:19:24,620
You catch the game last night?

275
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It was sick.

276
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It sure did.

277
00:19:26,680 --> 00:19:29,280
I'm glad that our local sports team beat the other local sports team.

278
00:19:29,280 --> 00:19:32,400
There was this group of young black millionaires,

279
00:19:32,500 --> 00:19:36,360
and then they advanced the ball against the other group of young black millionaires,

280
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and it was sick, dude.

281
00:19:37,500 --> 00:19:39,920
I fucking creamed in my pants, bro.

282
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It was sweet, though, because there were a couple of young white millionaires, too, and they seemed to be at the center of the formation.

283
00:19:44,900 --> 00:19:45,940
It's really strange, too.

284
00:19:46,040 --> 00:19:46,640
I don't know, man.

285
00:19:46,800 --> 00:19:47,340
I don't get it.

286
00:19:47,340 --> 00:19:48,200
I don't get it.

287
00:19:48,220 --> 00:19:56,660
Hey, guys, like, is it fucked up that a bunch of white billionaires own all of the black millionaires that are proceeding to give each other brain damage for your entertainment?

288
00:19:57,100 --> 00:19:58,940
It's cool now because they're well-paid.

289
00:19:59,060 --> 00:19:59,480
Nah, bro.

290
00:19:59,640 --> 00:20:00,700
That's cool.

291
00:20:00,900 --> 00:20:01,340
That's not.

292
00:20:01,780 --> 00:20:02,620
Shut up, dude.

293
00:20:02,980 --> 00:20:04,540
That thought makes me uncomfortable.

294
00:20:04,680 --> 00:20:05,480
I don't like that.

295
00:20:06,100 --> 00:20:07,460
I'd like to turn off that.

296
00:20:08,140 --> 00:20:09,160
No, thank you, sir.

297
00:20:09,160 --> 00:20:13,040
I like the uncomfortable shifting when you like bring shit up to people like that.

298
00:20:13,040 --> 00:20:23,220
And I'm like, you know, now I've obviously like pigeon myself into like Bitcoin guy land, which is infuriating because anytime it starts, it's always like, oh, you like crypto?

299
00:20:23,300 --> 00:20:29,340
And I'm like, no, the fact that you know no difference between Bitcoin and crypto shows that you know absolutely nothing about either of them.

300
00:20:29,740 --> 00:20:31,620
Yet I'm sure you have strong opinions about it.

301
00:20:31,660 --> 00:20:35,660
And they're like, well, yeah, it's destroying the environment and all the water.

302
00:20:35,660 --> 00:20:44,320
I'm like, yeah, that's exactly why they're developing fucking new infrastructure in rural AFCO where people have never had access to energy before and they could do it with Bitcoin mining.

303
00:20:44,660 --> 00:20:49,260
Same fucking reason why the largest hydro plant in America was saved by Bitcoin mining.

304
00:20:49,420 --> 00:20:51,820
That absolutely destroys the environment. Right.

305
00:20:52,260 --> 00:20:59,720
But you know so much about how environmentalism is affected by electricity markets because you clearly have expertise in this. Right.

306
00:20:59,720 --> 00:21:04,580
like with such strong opinions about how the electrical markets work like i'm sure that you

307
00:21:04,580 --> 00:21:07,780
understand the difference between like base load and otherwise right and they're like

308
00:21:07,780 --> 00:21:13,680
huh i was i was in a room yeah motherfucker i was in a room arguing arguing this exact thing

309
00:21:13,680 --> 00:21:19,780
sorry we're at this point now a group of normies and uh you know i basically said i gave them this

310
00:21:19,780 --> 00:21:24,300
long dissertation about flare gas mitigation and how it works and you know how bitcoin miners take

311
00:21:24,300 --> 00:21:28,600
advantage of this and how you know they're contributing to you know lack of emissions

312
00:21:28,600 --> 00:21:30,760
emissions in the atmosphere, blah, blah, blah, blah, blah.

313
00:21:31,100 --> 00:21:34,500
And the normie audience listened to this entire thing and was like,

314
00:21:35,660 --> 00:21:37,480
yeah, but still, bro.

315
00:21:38,080 --> 00:21:39,640
And it's, okay, man.

316
00:21:39,800 --> 00:21:43,040
Why did I take the time to explain how things work to you?

317
00:21:43,240 --> 00:21:47,000
I think it's like being a normie, if we're going to, you know,

318
00:21:47,020 --> 00:21:49,280
it's not like a specific type of person, right?

319
00:21:49,280 --> 00:21:52,020
It's not like if you live in the Midwest and your name is Karen

320
00:21:52,020 --> 00:21:53,960
and you're 30 pounds overweight, you're a normie.

321
00:21:54,020 --> 00:21:55,200
No, like that's not what it is.

322
00:21:55,400 --> 00:21:57,740
Although like probably, you probably are a normie.

323
00:21:57,740 --> 00:22:02,920
But it's a lack of – it's being fundamentally incurious.

324
00:22:03,920 --> 00:22:05,460
That is what it is to be a normie.

325
00:22:05,540 --> 00:22:17,360
It's having no ability to have a thought outside of a perceived box of approved thoughts and then not caring that you've never had an unapproved thought.

326
00:22:18,020 --> 00:22:20,860
Just not caring at all and being like, that's fine.

327
00:22:21,060 --> 00:22:23,020
Why would I need to have different thoughts?

328
00:22:23,540 --> 00:22:24,300
These thoughts are great.

329
00:22:24,760 --> 00:22:26,100
It's the water thing again.

330
00:22:26,100 --> 00:22:28,100
Like it's not even a lack of care.

331
00:22:28,220 --> 00:22:30,220
It's like, whoa, wait, hang on.

332
00:22:30,280 --> 00:22:32,640
Like I can, I can think these things.

333
00:22:32,640 --> 00:22:38,680
It's like, like, why don't you just try like taking on some of it, like as a thought experiment in itself.

334
00:22:39,360 --> 00:22:42,260
Like one of the ones I find fascinating is asking people to steel man stuff.

335
00:22:42,320 --> 00:22:43,040
And they're like, what?

336
00:22:43,120 --> 00:22:53,420
And it's like, well, let's just like try on for a minute that like maybe instead of like orange man just being absolutely an evil controversy and a piece of shit.

337
00:22:53,420 --> 00:23:01,140
that like maybe some people could possibly have some values that for a good reason they like him

338
00:23:01,140 --> 00:23:07,460
and they're like you you like trump don't you and it's like no like i think he's a piece of shit too

339
00:23:07,460 --> 00:23:13,340
but could you see how there could be reasons that someone could like him and they're like

340
00:23:13,340 --> 00:23:22,440
can i can i think that and it's like yeah you can you can actually try on that thought

341
00:23:22,440 --> 00:23:30,420
and not believe it's true and they're like no no and it's like yeah yeah go ahead

342
00:23:30,420 --> 00:23:37,500
like think about it it's genuinely so wild like that like a huge swath of the population does not

343
00:23:37,500 --> 00:23:41,160
have that ability at all like does not have the ability to put themselves in the shoes of another

344
00:23:41,160 --> 00:23:43,720
in like a meaningful way,

345
00:23:43,860 --> 00:23:45,260
in a way that actually would allow them

346
00:23:45,260 --> 00:23:47,080
to think different thoughts

347
00:23:47,080 --> 00:23:49,020
or like just quite literally think thoughts

348
00:23:49,020 --> 00:23:50,960
that are not the ones that they've been programmed to think.

349
00:23:51,040 --> 00:23:53,700
Like they literally can't even conceptualize.

350
00:23:54,200 --> 00:23:55,360
And that's why it's like you wonder like,

351
00:23:55,420 --> 00:23:57,540
oh, why is the political discourse as it is in America?

352
00:23:57,640 --> 00:23:59,680
It's like, well, because literally most of the people

353
00:23:59,680 --> 00:24:01,280
having this discourse are incapable

354
00:24:01,280 --> 00:24:03,680
of even comprehending that the other side

355
00:24:03,680 --> 00:24:06,920
may have valid reasons for why they believe what they believe.

356
00:24:07,280 --> 00:24:09,080
Even if it's not saying what they believe

357
00:24:09,080 --> 00:24:10,300
is right or wrong or anything.

358
00:24:10,300 --> 00:24:12,020
It's just that they have reasons.

359
00:24:12,200 --> 00:24:13,320
They didn't just come to these.

360
00:24:13,400 --> 00:24:14,880
I mean, some of them are just programmed with them.

361
00:24:14,980 --> 00:24:17,000
But there are also legitimate grievances, right?

362
00:24:17,400 --> 00:24:18,720
Why do they have those grievances?

363
00:24:19,000 --> 00:24:20,460
What reasons could there be for that?

364
00:24:20,680 --> 00:24:21,700
Have you thought about that at all?

365
00:24:21,740 --> 00:24:23,340
It's just most people just like, no, they're just bad.

366
00:24:23,660 --> 00:24:24,520
They must just be evil.

367
00:24:24,960 --> 00:24:26,320
They must just be bad people.

368
00:24:26,380 --> 00:24:29,320
And if you're talking about communists, yes, that's a pretty good heuristic.

369
00:24:29,560 --> 00:24:35,360
And this goes back to – I was thinking about this today actually before your vlog.

370
00:24:35,500 --> 00:24:37,980
And I want to shout out to your vlog now that we're live on air.

371
00:24:37,980 --> 00:24:40,080
Go watch Hodel's introductory vlog.

372
00:24:40,300 --> 00:24:44,460
It's awesome. I liked the mouth part when you got really close in there too. That was nice.

373
00:24:44,640 --> 00:24:49,140
I put the camera inside my mouth. Yeah. Yeah, it was cool. I can't tell if it's a big mouth or a

374
00:24:49,140 --> 00:24:57,000
little camera neither. But anyway, but I was actually, I woke up this morning thinking,

375
00:24:57,260 --> 00:25:02,860
I don't know why, but I woke up this morning just being like, it is fucked up that communists

376
00:25:02,860 --> 00:25:10,000
get away with being communists in this day and age when like Nazism is so absolutely despised.

377
00:25:10,000 --> 00:25:22,840
Now, I think Nazism is correctly despised. I think communism should be despised on that level and then to another degree because it has killed an order of magnitude more people. Right. It's something like what, depending on what that wasn't real communism, though.

378
00:25:22,840 --> 00:25:29,280
yeah no yeah that was just a sparkling sparkling communism you know like it's it's only real

379
00:25:29,280 --> 00:25:35,000
communism it's if it's from the you know communist region of yeah you're fucked to stan i don't know

380
00:25:35,000 --> 00:25:39,340
um but like i was just thinking about that and you you talking i don't want to give away too much

381
00:25:39,340 --> 00:25:44,080
your vlog because people should watch themselves but you talking about uh about nazis and stuff

382
00:25:44,080 --> 00:25:49,700
and the holocaust it just made me think about and again guys you should watch hodl's vlog because

383
00:25:49,700 --> 00:25:55,720
me saying this out of context sounds sounds bad but it's an i have a neo-nazi blog we praise the

384
00:25:55,720 --> 00:26:05,160
hogs it's not at all what it sounds like my point being it it is just it is insane that like you can

385
00:26:05,160 --> 00:26:11,260
as like a university professor as part of the intelligentsia you are totally it's totally

386
00:26:11,260 --> 00:26:15,580
acceptable for you to be like yeah i'm a i'm a i'm a communist and i think uh you know these

387
00:26:15,580 --> 00:26:19,980
communist ideas, I think these are valid. Or I think, you know, socialism, which is just a bridge

388
00:26:19,980 --> 00:26:24,200
to communism is a good idea. When this is something that's killed over 100 million people, like

389
00:26:24,200 --> 00:26:29,480
conservatively, oh, and you know, since it was, since was first started to be practiced, like,

390
00:26:29,760 --> 00:26:34,420
that's insane that you can have that as your ideology. And that people are like, yeah, that's

391
00:26:34,420 --> 00:26:38,600
actually a totally like, you're still socially acceptable as a member of our, you know, member

392
00:26:38,600 --> 00:26:43,520
of our society. In fact, we would love to give you funding. Can we give you a grant, sir? Because

393
00:26:43,520 --> 00:26:49,160
i think that the way you talk is just great and you've got like the zolron whatever his name is

394
00:26:49,160 --> 00:26:54,300
mom in new york who's just yeah yeah just oh my god did you see the video with him in warren

395
00:26:54,300 --> 00:26:58,420
where they're like they're laughing they're having just a good time and it's just like

396
00:26:58,420 --> 00:27:04,220
you sick communist fucks like you're disgusting you should treat communists the way you would

397
00:27:04,220 --> 00:27:08,940
treat a group of individuals who had gathered on the street corner outside your house and were

398
00:27:08,940 --> 00:27:14,160
making elaborate plans for how to murder you and your family and then take all of your

399
00:27:14,160 --> 00:27:14,660
belongings.

400
00:27:15,120 --> 00:27:16,780
And you could hear them in earshot.

401
00:27:16,900 --> 00:27:17,820
That's how you should treat you.

402
00:27:19,140 --> 00:27:26,540
But by the way, back to the thing about like how people discern reality and this team sport

403
00:27:26,540 --> 00:27:29,400
thing where politics are now like this side, that side, whatever.

404
00:27:30,180 --> 00:27:35,440
I think that when you're young, you have a true false filter because you need to figure

405
00:27:35,440 --> 00:27:37,380
out how the world operates.

406
00:27:37,380 --> 00:27:39,380
And so you think to yourself, like, I see this with my children.

407
00:27:39,580 --> 00:27:40,480
Like, is this true?

408
00:27:40,540 --> 00:27:41,140
Is this not true?

409
00:27:41,400 --> 00:27:43,440
Are ghosts real or are they not?

410
00:27:44,280 --> 00:27:44,920
You know what I mean?

411
00:27:45,000 --> 00:27:47,280
Like, I took my kids to Disneyland recently.

412
00:27:47,380 --> 00:27:48,780
It's like, is this a real mouse?

413
00:27:49,280 --> 00:27:50,320
This is a guy in a costume.

414
00:27:50,740 --> 00:27:50,820
You know?

415
00:27:51,060 --> 00:27:54,140
You have to figure – you have to run that filter when you're a kid.

416
00:27:54,760 --> 00:27:58,420
But as you get older, a lot of people – it's back to the incurious part.

417
00:27:58,620 --> 00:28:02,940
Like, they shut off that filter and then they replace that filter with an us-them filter.

418
00:28:02,940 --> 00:28:08,060
And the reason they do it is because thinking via convention is very easy.

419
00:28:08,480 --> 00:28:13,140
It's very easy to think in group because you're outsourcing that thinking and so it's no cost to you.

420
00:28:13,420 --> 00:28:22,120
Whereas if you're going to spend all of your time thinking, like Eric Kaysen spends 99.99% of his time thinking and the other 0.01% jerking off, I assume.

421
00:28:24,000 --> 00:28:27,660
I mean like you're being generous with the ratios there.

422
00:28:28,500 --> 00:28:30,600
It's a lot of mental load.

423
00:28:30,600 --> 00:28:32,520
Like it's very – pun intended.

424
00:28:32,940 --> 00:28:38,260
It just it takes a lot of time.

425
00:28:38,340 --> 00:28:44,680
And we all know as people who try to engage in thinking that it's extremely difficult and costly and it's painful and it hurts.

426
00:28:44,680 --> 00:28:47,860
And like like the scientific process, you're always wrong.

427
00:28:48,280 --> 00:29:01,480
So like the, you know, the normie mindset thing is like I feel like I'm constantly taking off my normie hats and then I take off another normie hat and another normie hat and another normie hat as these truths unveil themselves as I continue to search for greater and greater truths.

428
00:29:01,720 --> 00:29:01,880
You know.

429
00:29:01,880 --> 00:29:07,000
well it's funny that like we this kind of returns us all the way back to like socrates apology about

430
00:29:07,000 --> 00:29:13,880
like look like i like i'm stupid like i don't i don't know much about the world or how it works

431
00:29:13,880 --> 00:29:19,000
and like the more that i figure out like the dumber i feel particularly like i'm reading schmidt's

432
00:29:19,000 --> 00:29:24,100
political romanticism right now it's phenomenal but like as i'm reading it i'm like this is really

433
00:29:24,100 --> 00:29:30,040
hard to understand and i feel really dumb but also then like i go out in the world and i encounter

434
00:29:30,040 --> 00:29:35,020
of these people who are like, particularly like politicians and investors, like they're just like,

435
00:29:35,100 --> 00:29:40,420
I am fucking absolutely certain about this thing. Like I know how the world works. I'm like, you

436
00:29:40,420 --> 00:29:45,480
don't. And I'm just like, God damn, like have that amount of hubris. Like I'm a little jealous. Like

437
00:29:45,480 --> 00:29:50,880
I wish I could just like turn off thought and just like fucking bore forward. And the irony is,

438
00:29:50,920 --> 00:29:55,840
is that like, it's that degree of stupidity that actually allows for them to perform so well.

439
00:29:55,840 --> 00:30:00,380
whereas like if you've actually thought hard enough and long enough about stuff like there's

440
00:30:00,380 --> 00:30:03,780
always this thing where it's like i could be pretty wrong so like i really gotta like

441
00:30:03,780 --> 00:30:10,460
try to position myself and my feet on truth but yeah i i find a deeply shocking thing at how

442
00:30:10,460 --> 00:30:16,200
confident people will be about how right they are uh and furthermore like that's kind of this

443
00:30:16,200 --> 00:30:20,040
heuristic of like it actually shows how chicken shit and callous they are because like it's really

444
00:30:20,040 --> 00:30:24,860
just about saying the shit that people want to hear as opposed to actually creating sincere

445
00:30:24,860 --> 00:30:32,000
dialogue with other people. And like now that I live in the Bay Area, like in the bubble that is

446
00:30:32,000 --> 00:30:37,580
liberalism, it's pretty interesting how often that like, because I obviously don't ascribe to

447
00:30:37,580 --> 00:30:42,780
contemporary political theory. But so like, it really throws people for a loop when like, I don't

448
00:30:42,780 --> 00:30:47,000
necessarily subscribe to their liberal beliefs, but I'm like, Oh, like, I'm an anarchist. And they

449
00:30:47,000 --> 00:30:51,520
go, wait, hang on. I'm like, like, one of the things that like, I keep coming back to is that

450
00:30:51,520 --> 00:30:55,980
Like, you know, obviously, like, like your body, your choice.

451
00:30:56,440 --> 00:30:56,800
Absolutely.

452
00:30:57,100 --> 00:31:02,340
So, like, when I want to do heroin, like, I really hope that you're not going to stop me and be like in solidarity.

453
00:31:02,340 --> 00:31:03,180
And they're like, what?

454
00:31:03,720 --> 00:31:08,060
And I'm like, yeah, like, if it's my body, my choice, like, we should be able to do whatever drugs you want, whenever we want.

455
00:31:08,120 --> 00:31:09,400
And like, nobody should stop us.

456
00:31:09,760 --> 00:31:14,620
Actually, like, we should probably get the state to like sponsor drug programs in different ways and like needle exchange and shit.

457
00:31:14,720 --> 00:31:16,880
Because like, that's what we want the state to do.

458
00:31:16,900 --> 00:31:17,120
Right.

459
00:31:17,180 --> 00:31:20,560
And they're like, uh, yes.

460
00:31:20,560 --> 00:31:25,920
i'm like furthermore like my body my choice like i should be like if i want to modify it with like

461
00:31:25,920 --> 00:31:30,900
a grenade launcher as my arm like we should be able to do that no like hang on like i'm not

462
00:31:30,900 --> 00:31:35,740
certain about that but for me like i just like them i like to try to like murky the water as

463
00:31:35,740 --> 00:31:40,560
much as i can because like i don't know the right answer but i'm pretty sure that like how confident

464
00:31:40,560 --> 00:31:45,360
you are that your answer is right like isn't true so like let's just murky this shit up and like

465
00:31:45,360 --> 00:31:46,860
make it as confusing as possible.

466
00:31:47,160 --> 00:31:52,540
I like to do a similar thing where I, I data dump as a two online person.

467
00:31:52,540 --> 00:31:58,380
I like to data dump online meme culture onto normies in real life where I'll just, they'll

468
00:31:58,380 --> 00:32:12,265
just be like you know how the weather And I be like Oh it great man Did you catch the thing between fuentes and carlson and and candace ellens and there a whole thing about like he a he a anti but like they like you know you might be cia and there like a whole thing here

469
00:32:12,265 --> 00:32:19,445
and blah blah and uh the the normies are just like uh i don't know what you're talking about

470
00:32:19,445 --> 00:32:25,705
well it's also threatening to realize like how much uh like i feel really lucky that like i'm

471
00:32:25,705 --> 00:32:31,885
I'm like working at Presidio Bitcoin and like I'm surrounded by Bitcoiners, which is like this great heuristic filter for like pretty intelligent people.

472
00:32:32,305 --> 00:32:42,305
But then I like go back and interact in normie land and I'm like, oh, shit, like we're like a few standard deviations out of the field of like what normal conversation can be had.

473
00:32:42,905 --> 00:32:48,485
And it's just it's just really unfortunate because I realize like how much you really have to like water shit way down.

474
00:32:48,485 --> 00:32:53,865
and so it's disturbing that like i keep repeatedly getting in the conversation where we have to like

475
00:32:53,865 --> 00:32:58,465
begin it like okay you like don't know the difference between bitcoin and crypto but like

476
00:32:58,465 --> 00:33:02,825
you're convinced i'm a crypto bro despite the fact that i tell you it's not and it's always

477
00:33:02,825 --> 00:33:07,785
just fun i'm like i literally wrote a book about this because i got so fucking sick of explaining

478
00:33:07,785 --> 00:33:13,145
this over and over and then they're like can i read the book i'm like yeah but it's gonna be a

479
00:33:13,145 --> 00:33:17,185
little advanced for you so you know for the first time in my life i'm starting to understand the

480
00:33:17,185 --> 00:33:20,605
French. You know, the French hate it when you try and speak their language. Like, let's just speak

481
00:33:20,605 --> 00:33:27,325
your stupid language. Don't speak our language. Right. I'm having the same experience when people

482
00:33:27,325 --> 00:33:32,265
ask me about Bitcoin stuff. It's like, I'd rather just not talk about it these days. Whereas like

483
00:33:32,265 --> 00:33:36,285
all of us are going like deeper and deeper and deeper down the rabbit hole. And we're like

484
00:33:36,285 --> 00:33:40,065
egging each other on to go even deeper. And it's like you're thinking like a midwit. You're thinking

485
00:33:40,065 --> 00:33:43,665
like a normie. Oh, I am. Oh, shit, I should go even deeper. What's the deeper? Like, how do I go

486
00:33:43,665 --> 00:33:53,665
Whereas when you talk to your whoever in real life, even if they do have a piece of information, it's like a chimpanzee with a handgun where they're like, yeah, no, I know about warm wallets.

487
00:33:54,385 --> 00:33:56,205
And you're like, okay, enough, enough.

488
00:33:56,785 --> 00:33:57,405
Stop it.

489
00:33:57,745 --> 00:33:58,865
You're just so cute.

490
00:33:58,885 --> 00:34:00,785
You shot me with your bad piece of information.

491
00:34:01,945 --> 00:34:09,545
The one that fascinates me is like, again, here we are at an all-time high where people had fucking listened on the last podcast that we did together.

492
00:34:09,545 --> 00:34:10,825
They would have like made money.

493
00:34:10,825 --> 00:34:15,845
but like no like we have to do this whole fucking cycle again and i'm just i'm just infuriated at

494
00:34:15,845 --> 00:34:21,985
like at what price point do you like take me seriously like like how like where is it where

495
00:34:21,985 --> 00:34:27,205
you stop and go never you know like maybe i'm just retarded and these guys actually know what's

496
00:34:27,205 --> 00:34:31,545
better than me and like maybe i should try to listen to them but yeah it's never and like it's

497
00:34:31,545 --> 00:34:37,145
infuriating and also like there's something quite poetic about it as well as that like

498
00:34:37,145 --> 00:34:42,605
they're engaged in this form of life where they're like oh like i want to escape the slavery that is

499
00:34:42,605 --> 00:34:46,545
my nine to five and like i wish i wasn't constantly fighting inflation that everything wasn't so

500
00:34:46,545 --> 00:34:51,285
expensive like the whole shebang and it's like i have a very simple answer for you and they're like

501
00:34:51,285 --> 00:34:57,705
no like what would you ever know about that and it's like well like i'm not in the slave camps

502
00:34:57,705 --> 00:35:05,305
with you and like i can kind of do whatever the fuck i want and they're like well you got lucky

503
00:35:05,305 --> 00:35:12,425
and it's like uh-huh so best of luck with you like i i'm gonna go enjoy my life like have fun

504
00:35:12,425 --> 00:35:16,665
getting up at 6 30 to like drive through traffic to like get to the job that you fucking hate you

505
00:35:16,665 --> 00:35:22,065
know this you know case and i think we're up like we're up maybe like 30 000 per coin since the last

506
00:35:22,065 --> 00:35:25,905
time you told people they were fucking retards for not listening to you the time before that

507
00:35:25,905 --> 00:35:32,425
from which we were like up i don't know how much enough like yeah so like your advice has continued

508
00:35:32,425 --> 00:35:37,445
to prove sound and i hope that people will listen like it's really simple things to do

509
00:35:37,445 --> 00:35:41,705
it's one of the most frustrating things because like back to the true false heuristic

510
00:35:41,705 --> 00:35:47,065
one of the things i thought when i got into like investing in general even before bitcoin is i was

511
00:35:47,065 --> 00:35:53,845
like okay well at least in you know investing world there's a scoreboard for how right i was

512
00:35:53,845 --> 00:35:58,965
right so i was like at least people will see the scoreboard and be like there's a number behind how

513
00:35:58,965 --> 00:36:03,465
how right this guy was. Nope. Nobody looks at the scoreboard. They don't care. And they don't,

514
00:36:03,505 --> 00:36:06,765
they don't view you as right. What they do is they all just put their head in the sand

515
00:36:06,765 --> 00:36:11,865
and pretend that first of all, you never told them what you said. Number one, you never told

516
00:36:11,865 --> 00:36:16,845
me that. I never watched that podcast. I don't even know who Eric Case is, right? No. Yeah.

517
00:36:16,905 --> 00:36:19,965
Eric Case, he's been my next door neighbor for 10 years, but I've never talked to him. I don't

518
00:36:19,965 --> 00:36:25,405
even know that. I don't even know that man. Right. And then like, yeah, you're my brother,

519
00:36:25,405 --> 00:36:30,905
but i've never spoken to you we don't you have nothing in common this is how the normie mind

520
00:36:30,905 --> 00:36:36,985
it will do whatever it takes in order to protect itself from you know the truth from reality

521
00:36:36,985 --> 00:36:42,445
essentially and uh we're just we're never gonna get it man no one's ever gonna come back and say

522
00:36:42,445 --> 00:36:48,245
you were right never never i know and it's it's never happened i've finally accepted that'll never

523
00:36:48,245 --> 00:36:53,225
happen it's funny because this reminds me like my dad and his friends had like an investing club for

524
00:36:53,225 --> 00:36:56,925
a while and like they like you know at the beginning i'm obviously like oh like you guys

525
00:36:56,925 --> 00:37:01,925
should buy bitcoin like that's obviously like the right answer i'm like oh no too written like all

526
00:37:01,925 --> 00:37:05,805
the bullshit and it was great because like when they would like i'd kind of check in with them

527
00:37:05,805 --> 00:37:10,265
every six months and be like oh hey god like let's see like the bitcoin investment i told you guys

528
00:37:10,265 --> 00:37:18,865
about is up 250 what how are you guys doing like what's like oh you guys are up 15 whoa

529
00:37:18,865 --> 00:37:25,305
like good job guys like i'll check back the next time come back and it's like okay so we're like

530
00:37:25,305 --> 00:37:35,245
up 600 over here like you're 25 whoa guys like you're gonna retire a couple months early

531
00:37:35,245 --> 00:37:41,945
like you guys factored in inflate oh you know you didn't factor in inflation

532
00:37:41,945 --> 00:37:50,725
oh well shit on the cpi index you guys are actually down 12 um yeah what do i know like

533
00:37:50,725 --> 00:37:55,845
i'm just a bitcoin guy right like i couldn't know anything about finance right like i don't even

534
00:37:55,845 --> 00:38:00,625
have a 401k because like why would i want to have the thing that is going to ultimately lose 30% of

535
00:38:00,625 --> 00:38:03,485
its value because the government's going to be stealing from you and then if you try to take

536
00:38:03,485 --> 00:38:06,605
any money out early because there's a crisis that happens the government's going to steal half of it

537
00:38:06,605 --> 00:38:09,365
But, you know, what could I know?

538
00:38:10,145 --> 00:38:11,865
Anyway, so you guys have fun.

539
00:38:13,625 --> 00:38:14,165
I don't know.

540
00:38:14,205 --> 00:38:20,165
I just like it's just frustrating because I realize like I'm locked in a world with a bunch of idiots who believe that they're way smarter than me.

541
00:38:20,245 --> 00:38:22,625
And I'm just finally got to the place where it's like, have fucking fun.

542
00:38:22,805 --> 00:38:22,945
Yeah.

543
00:38:23,005 --> 00:38:24,945
Like, you're definitely way smarter than me.

544
00:38:25,425 --> 00:38:28,385
You know, you get up real early, go to that job that you really don't like.

545
00:38:28,385 --> 00:38:29,585
You're stressed all the time.

546
00:38:29,605 --> 00:38:32,505
You're doing all the normie stuff, trying to perform these other people's standards.

547
00:38:32,605 --> 00:38:34,505
Like, sounds really great.

548
00:38:34,505 --> 00:38:36,585
You sound like a really, really happy person.

549
00:38:36,605 --> 00:38:37,785
So good luck.

550
00:38:37,905 --> 00:38:40,285
And I'm going to be miserable over here with my magic internet money.

551
00:38:40,645 --> 00:38:42,465
So it's like, it's like, it's like children.

552
00:38:42,665 --> 00:38:43,465
It's like having children.

553
00:38:43,565 --> 00:38:45,765
It's like when you tell your child, like, don't touch that.

554
00:38:45,765 --> 00:38:49,145
And they're like, and then they get hurt.

555
00:38:49,145 --> 00:38:52,305
And then you're like, what was going to happen?

556
00:38:52,505 --> 00:38:53,345
This was all, you know?

557
00:38:54,145 --> 00:38:54,505
Yeah.

558
00:38:54,785 --> 00:39:03,945
I, you know, I hang out on like on Bitcoin clubhouse and we just like talk the most insane shit about like political theory or the markets.

559
00:39:03,945 --> 00:39:06,245
And like, it's like constant, like dick jokes.

560
00:39:06,245 --> 00:39:13,625
It's like a combination of like CNBC on LSD plus like Howard Stern plus like the Joe Rogan podcast or some shit.

561
00:39:13,665 --> 00:39:13,785
Right.

562
00:39:14,125 --> 00:39:18,265
And I have no way to contextualize this for normies.

563
00:39:18,365 --> 00:39:20,065
So I just say it's my investor group.

564
00:39:20,305 --> 00:39:21,565
I'm talking to my investor.

565
00:39:22,905 --> 00:39:23,305
Wait.

566
00:39:23,485 --> 00:39:28,725
So was it you that you was it you that posted about this like recently where you're like, yeah, we're still like hanging out on Clubhouse.

567
00:39:28,725 --> 00:39:35,825
And I was like, I thought for some reason, I thought that Clubhouse like as an app had like shut down or people like like it is still.

568
00:39:35,825 --> 00:39:36,125
No, no.

569
00:39:37,325 --> 00:39:39,905
It's like Bitcoin's water cooler.

570
00:39:40,185 --> 00:39:44,705
Like, okay, when you go on spaces, like Twitter spaces, it's horribly gay.

571
00:39:45,165 --> 00:39:46,045
And the reason why –

572
00:39:46,045 --> 00:39:46,905
It's so worst.

573
00:39:47,065 --> 00:39:47,845
Just the worst.

574
00:39:48,145 --> 00:39:51,405
It's like a conference where everybody is like, well, I wasn't done speaking.

575
00:39:51,565 --> 00:39:52,465
Well, I wasn't done speaking.

576
00:39:52,545 --> 00:39:53,985
It's like, how about – shut the fuck up.

577
00:39:54,045 --> 00:39:56,325
None of us care about any of you or what you have to say.

578
00:39:56,345 --> 00:39:57,745
It's like Bitcoin LinkedIn.

579
00:39:58,085 --> 00:39:58,845
You know, like it's like –

580
00:39:58,845 --> 00:40:00,405
It's like, oh, God.

581
00:40:00,685 --> 00:40:01,945
So Clubhouse is like –

582
00:40:02,365 --> 00:40:05,645
Clubhouse is like the bar at the conference where we would just be like,

583
00:40:05,645 --> 00:40:06,345
Yeah, cool talk.

584
00:40:06,425 --> 00:40:08,065
It was fucking – it sucked.

585
00:40:08,745 --> 00:40:09,465
I hated it.

586
00:40:10,465 --> 00:40:14,845
We have a different culture over there where we just like talk mad shit all the time.

587
00:40:14,925 --> 00:40:15,545
It's very fun.

588
00:40:15,965 --> 00:40:18,305
But honestly, it's my own special thing, so don't come over.

589
00:40:18,365 --> 00:40:19,225
I don't want any of you guys.

590
00:40:19,485 --> 00:40:20,365
I don't want to be over there.

591
00:40:20,585 --> 00:40:21,565
I don't come.

592
00:40:21,565 --> 00:40:22,445
I'm going to creeped on cold pastor.

593
00:40:22,905 --> 00:40:24,205
Yeah, I'm not going to, dude.

594
00:40:24,465 --> 00:40:26,465
In fact, I'm going to figure out a way to shut it down.

595
00:40:26,465 --> 00:40:29,185
So you can't have nice things just so you know.

596
00:40:29,485 --> 00:40:30,865
It's going to be – it's over for you.

597
00:40:30,965 --> 00:40:32,725
I'm going to get the British government involved.

598
00:40:33,106 --> 00:40:35,185
Should we talk about the suitification of Bitcoin?

599
00:40:35,185 --> 00:40:44,606
Like, you know, the Twitter space is LinkedIn of like what's going on where everybody's like, oh, man, like I it's just a bunch of orange ties.

600
00:40:44,705 --> 00:40:48,425
I hate the most is like somebody comes in pretty based with like some cool shit.

601
00:40:48,425 --> 00:40:49,985
Like, I like this person.

602
00:40:50,145 --> 00:40:50,925
I like what they're doing.

603
00:40:51,345 --> 00:40:55,325
And then they're like, oh, like I got my Bitcoin treasury company now.

604
00:40:55,625 --> 00:40:58,185
Like, like your number go up forever.

605
00:40:58,665 --> 00:41:01,705
It's just like, damn it.

606
00:41:01,765 --> 00:41:02,165
Like, why?

607
00:41:02,285 --> 00:41:04,025
Like, this is why we can't have nice things.

608
00:41:04,025 --> 00:41:06,845
No, no, you don't understand.

609
00:41:07,085 --> 00:41:11,685
Like we own the Bitcoin and the number go up.

610
00:41:16,106 --> 00:41:22,106
I'm like, guys, like there's so like, like you're like, you're at least holding your Bitcoin, right?

611
00:41:22,145 --> 00:41:24,465
They're like, yeah, for sure.

612
00:41:24,525 --> 00:41:26,505
Like we hold all of our Ibit.

613
00:41:27,265 --> 00:41:30,425
I'm like, no, that's that's something else.

614
00:41:30,505 --> 00:41:33,085
They're like, no, it's Bitcoin.

615
00:41:33,085 --> 00:41:40,025
you're like no it's not good yes it is do you want to fight about this bro it's bitcoin i'm like

616
00:41:40,025 --> 00:41:45,065
look it's a synthetic derivative of bitcoin which means that it's not bitcoin they're like

617
00:41:45,065 --> 00:41:49,845
but you just said it's bitcoin i'm like god damn it we can't have this conversation you're too

618
00:41:49,845 --> 00:41:55,125
fucking stupid you're stupid i'm like i own a bitcoin treasure wait how many bitcoin do you

619
00:41:55,125 --> 00:41:59,665
have i'm like that's my fucking point i actually own bitcoin you don't you own this other thing

620
00:41:59,665 --> 00:42:07,765
you just said that i was right i own the big coin god damn it okay you win you win bitcoin

621
00:42:07,765 --> 00:42:12,125
goes up forever there's no problem with your investment scheme you're just gonna get rich

622
00:42:12,125 --> 00:42:16,565
and see our world it just goes to 10 million dollars but everything's normal it's not like

623
00:42:16,565 --> 00:42:20,606
this infects hyperinflation and your company's totally fine and it's not like the u.s government

624
00:42:20,606 --> 00:42:25,106
shows up to steal all your fucking bitcoin because you obviously own the bitcoin right

625
00:42:25,106 --> 00:42:36,705
yeah fine we can't have nice things so i i own and participate in a little in a little bit of

626
00:42:36,705 --> 00:42:41,705
bitcoin treasury shit like i do do a little bit of bitcoin treasury shit i'm not gonna lie say i

627
00:42:41,705 --> 00:42:48,845
don't i do but bitcoin treasury companies are literally you send me one bitcoin i send you two

628
00:42:48,845 --> 00:42:57,845
back. That's literally what they are. And like, the nationalization risk for MSTR especially is

629
00:42:57,845 --> 00:43:02,065
sky high. And in fact, sometimes I look at my retirement account and just think to myself,

630
00:43:02,305 --> 00:43:09,005
am I stacking Bitcoin for the US government? Like, is that what I'm doing? Am I lending my capital

631
00:43:09,005 --> 00:43:13,825
so that the US government can ultimately like nationalize this hoard of Bitcoin at some point

632
00:43:13,825 --> 00:43:22,065
in the future and i think the answer might be yes you know but like is everybody with a 401k

633
00:43:22,065 --> 00:43:28,905
basically like every like okay so like i have a 401k that i had from my uh my my times as a uh

634
00:43:28,905 --> 00:43:33,945
accenture consultant you know for uh you know a little while and uh but and then i just stopped

635
00:43:33,945 --> 00:43:40,065
contributing to one after that but then i found it again and threw what was in there into mstr um

636
00:43:40,065 --> 00:43:48,225
And that did well because it turns out that my whatever Vanguard Target 55 retirement thing was like just not even keeping pace with inflation.

637
00:43:48,225 --> 00:43:49,925
And I finally paid attention to this account again.

638
00:43:50,005 --> 00:43:51,765
I was like, oh, that's a stupid thing to do.

639
00:43:51,965 --> 00:44:03,985
But like I've always viewed retirement accounts as like, boy, that is like that is just the easiest honeypot for the U.S. government to siphon stuff like siphon bits off of when they need to.

640
00:44:04,606 --> 00:44:07,825
And like you may say like, well, like, you know, they would never do that.

641
00:44:07,845 --> 00:44:08,405
It's like, really?

642
00:44:08,505 --> 00:44:09,185
They'd never do.

643
00:44:09,185 --> 00:44:21,445
They would never change the rules because they made serious miscalculations as far as demographic shifts and our social security – Ponzi scheme is completely insolvent.

644
00:44:22,106 --> 00:44:23,645
And I don't know.

645
00:44:23,665 --> 00:44:25,065
Our national debt is completely unsustainable.

646
00:44:25,165 --> 00:44:26,505
They would never change the rules?

647
00:44:26,745 --> 00:44:27,225
Like really?

648
00:44:27,345 --> 00:44:28,165
Yeah, they never would.

649
00:44:29,065 --> 00:44:31,565
And it's like everything is totally fine.

650
00:44:31,565 --> 00:44:37,285
but like so yeah my point being that like you might be stacking bitcoin for the u.s government

651
00:44:37,285 --> 00:44:42,025
through a proxy but everybody is also just stacking you know stacking fiat for the u.s

652
00:44:42,025 --> 00:44:47,025
government through that retirement account as well so like you know it's uh everyone's in the

653
00:44:47,025 --> 00:44:52,325
same boat there but i'm curious oh go ahead i just want to comment on like i just love the

654
00:44:52,325 --> 00:44:56,325
ultimate game theory that comes down to it it's like look if you're too retarded to like play out

655
00:44:56,325 --> 00:45:02,165
a full game theory and that like you only got that far like congratulations like you lose and

656
00:45:02,165 --> 00:45:07,445
like anybody who's actually smart enough to get what's going on is like oh shit like nationalization

657
00:45:07,445 --> 00:45:12,945
is like a real risk at this point in time because like obviously like we can't ever pay off the debt

658
00:45:12,945 --> 00:45:19,025
and obviously like like anybody who has like a full brain like does that process and they're like

659
00:45:19,025 --> 00:45:24,485
oh like that's why like that's why bitcoin is what it is and how it exists and like i don't know

660
00:45:24,485 --> 00:45:27,905
it's just really amazing to me that like people will get like to 90% and

661
00:45:27,905 --> 00:45:29,045
they're just like full stop.

662
00:45:29,185 --> 00:45:29,705
And it's like,

663
00:45:29,765 --> 00:45:29,925
Hey,

664
00:45:30,205 --> 00:45:30,745
hold up.

665
00:45:30,765 --> 00:45:30,945
Like,

666
00:45:30,965 --> 00:45:32,265
that's like not the full equation.

667
00:45:32,385 --> 00:45:32,705
They're like,

668
00:45:33,025 --> 00:45:34,025
but number go up.

669
00:45:34,025 --> 00:45:34,305
I'm like,

670
00:45:34,345 --> 00:45:35,325
I have more money.

671
00:45:35,325 --> 00:45:36,545
Like life is incredible.

672
00:45:36,545 --> 00:45:37,265
And it's like,

673
00:45:37,925 --> 00:45:38,325
yeah,

674
00:45:38,705 --> 00:45:39,585
but like,

675
00:45:39,825 --> 00:45:43,565
what happens if the state decides that they want to take that?

676
00:45:43,785 --> 00:45:44,465
And then they're just like,

677
00:45:44,545 --> 00:45:46,045
that would never happen.

678
00:45:46,305 --> 00:45:46,665
And it's like,

679
00:45:46,725 --> 00:45:47,485
but what if it did?

680
00:45:47,545 --> 00:45:47,785
And they're like,

681
00:45:47,845 --> 00:45:48,825
but it won't.

682
00:45:48,925 --> 00:45:49,365
And I'm like,

683
00:45:49,725 --> 00:45:49,945
yeah,

684
00:45:49,985 --> 00:45:51,885
but in a hypothetical situation,

685
00:45:51,885 --> 00:45:53,245
if that were to happen,

686
00:45:53,665 --> 00:45:54,425
what happens?

687
00:45:54,485 --> 00:45:56,545
They're like, but it won't.

688
00:45:56,705 --> 00:45:58,865
And I'm like, God fucking damn it.

689
00:45:59,545 --> 00:46:01,445
I'm trying to do a hypothetical.

690
00:46:01,445 --> 00:46:05,945
And they're like, look, like, I don't know about hypo Theo, whatever.

691
00:46:06,225 --> 00:46:09,905
Like, I just know I'm making a bunch of money and you're not.

692
00:46:10,225 --> 00:46:11,985
So who's right here?

693
00:46:12,025 --> 00:46:13,465
And I'm like, fine, you fucking win.

694
00:46:13,885 --> 00:46:14,985
Don't talk to me ever again.

695
00:46:15,945 --> 00:46:19,825
There are some like, okay, so there's some positives with treasury companies, right?

696
00:46:19,825 --> 00:46:27,405
I think one of the positives is that for years we've been telling people to buy Bitcoin and they just straight up fucking didn't.

697
00:46:27,705 --> 00:46:28,785
And they never will.

698
00:46:29,685 --> 00:46:30,805
And they never are going to.

699
00:46:30,925 --> 00:46:36,205
And like every now once Bitcoin crossed 100K, essentially everybody realized that, oh, shit, Bitcoin's real.

700
00:46:36,245 --> 00:46:36,785
It's going to happen.

701
00:46:36,845 --> 00:46:37,905
It's going to million stars coin.

702
00:46:38,345 --> 00:46:45,725
But for some reason, they all have the normie mental block where they believe that even though this story is happening, they're not going to be participants in the story.

703
00:46:45,965 --> 00:46:46,185
OK.

704
00:46:46,905 --> 00:46:48,505
But many of them have pensions.

705
00:46:48,505 --> 00:46:53,625
Many of them have 401ks. Many of them are invested in the S&P 500, the NASDAQ, etc.

706
00:46:54,365 --> 00:47:00,285
And, you know, from a passive indexation standpoint, Bitcoin is now making its way into the traditional markets.

707
00:47:00,725 --> 00:47:03,865
And so they are going to get Bitcoin exposure.

708
00:47:04,005 --> 00:47:06,845
They're not going to get actual Bitcoin. They're not going to have sovereign level Bitcoin.

709
00:47:06,945 --> 00:47:11,765
They're not going to have the digital, you know, monetary nuclear weapon grade Bitcoin that you have.

710
00:47:11,885 --> 00:47:14,245
But they're going to have exposure to Bitcoin's price appreciation.

711
00:47:14,245 --> 00:47:26,385
OK, because they have exposure to Bitcoin's price appreciation, we get a broader alignment with them, these people that we've been trying to lead these horses to water and can't make them drink for now 15, 16 years.

712
00:47:26,625 --> 00:47:32,685
We get broader alignment where they don't want to pull out the pitchforks and stab us to death and take all our shit.

713
00:47:33,005 --> 00:47:33,805
So that's good.

714
00:47:33,985 --> 00:47:40,005
The other thing that's happening is the SBR, right, which is potentially it's going to happen.

715
00:47:40,125 --> 00:47:40,985
Lemus has a bill.

716
00:47:40,985 --> 00:47:45,525
There's a way they can do it via executive order, but the legal theory is novel, blah, blah, blah.

717
00:47:46,245 --> 00:47:51,185
And so like that's, again, a broader alignment of our interest with the state interest.

718
00:47:51,325 --> 00:48:00,005
I know like Eric wants to have a fight with the state where they gulag him and he's like – he screams libertas and then they chop his head off.

719
00:48:00,005 --> 00:48:01,925
But I would like for Eric to live.

720
00:48:02,285 --> 00:48:14,165
And I think that our broad alignment between the public and the state can actually – we can create like a life raft for everyone.

721
00:48:14,925 --> 00:48:18,885
And we can basically save everyone who lives around us in America at least.

722
00:48:18,965 --> 00:48:21,165
We can't save the world, but we can save the other Americans.

723
00:48:22,005 --> 00:48:22,745
And I think that's –

724
00:48:22,745 --> 00:48:23,585
Oh, I can save the world.

725
00:48:23,645 --> 00:48:24,285
I got a plan here.

726
00:48:24,305 --> 00:48:24,665
Don't worry.

727
00:48:25,505 --> 00:48:27,106
I think that that's something that –

728
00:48:27,106 --> 00:48:28,025
It's Bitcoin communism.

729
00:48:28,225 --> 00:48:29,045
I'm going to do that.

730
00:48:29,045 --> 00:48:29,965
It's going to be great.

731
00:48:30,005 --> 00:48:34,505
It will make our lives better if we have broader alignment with people.

732
00:48:34,625 --> 00:48:38,865
And so that is the silver lining to the treasury companies and the nation states, et cetera.

733
00:48:39,265 --> 00:48:44,325
But again, if you're giving up control of your keys, you're not operating a sovereign level.

734
00:48:44,505 --> 00:48:54,145
And I don't know if you're going to be defensible for the times that are coming ahead because there are many, many paths here where things could go horribly wrong.

735
00:48:54,145 --> 00:49:02,845
The path I'm outlining is a pretty good path where like the monetary changeover happens and we are able to backdoor exposure into almost every American's life.

736
00:49:05,305 --> 00:49:08,225
I mean, so like a couple of things there.

737
00:49:08,465 --> 00:49:12,485
Like, yeah, on the one hand, I'm like, I completely agree with you.

738
00:49:12,525 --> 00:49:21,665
I also think like treasury companies, nation state adoption, all of that is was always going to be inevitable if Bitcoin is successful like that.

739
00:49:21,665 --> 00:49:32,185
Of course, like you would have to be like literally retarded not to do that as a nation state or a company if Bitcoin is the, you know, is successful and is in the process of hyperbitcoinization.

740
00:49:32,725 --> 00:49:33,505
So that's good.

741
00:49:33,585 --> 00:49:34,445
That's going to happen.

742
00:49:34,685 --> 00:49:37,945
Now, like whether or not that's good or bad, I agree with your point in alignment.

743
00:49:37,945 --> 00:49:39,025
And it's kind of like that.

744
00:49:39,705 --> 00:49:47,045
Forget when you said this, but basically, like, you know, like we're still Trojan horsing them and we just have to like shut up about it a little bit.

745
00:49:47,045 --> 00:49:47,705
Like we just need it.

746
00:49:47,705 --> 00:49:48,725
Like we're inside.

747
00:49:48,825 --> 00:49:49,985
Like they brought us inside the gates.

748
00:49:49,985 --> 00:49:52,525
It's just like everybody, like, just like stop arguing with each other.

749
00:49:52,585 --> 00:49:53,626
Like, just shut the fuck up.

750
00:49:53,646 --> 00:49:54,965
Like, we're in the horse right now.

751
00:49:55,025 --> 00:49:56,485
Like, everyone's about to go to sleep.

752
00:49:56,505 --> 00:49:57,245
Don't wake them up.

753
00:49:58,065 --> 00:49:59,106
And I feel that.

754
00:49:59,525 --> 00:50:05,485
What I'm, you know, I think like, and like, I have a little bit of exposure to like a couple of treasury companies.

755
00:50:05,485 --> 00:50:06,205
Like, just for fun.

756
00:50:06,265 --> 00:50:08,385
Like, that's my shit coining right now.

757
00:50:08,485 --> 00:50:12,085
You know, it's like, oh, like, this is like, this is like my, you know, my Vegas, baby.

758
00:50:12,085 --> 00:50:17,225
It's like, I'll take a couple of cuck bucks and gamble on these.

759
00:50:17,345 --> 00:50:18,465
I've also, I think people love.

760
00:50:18,465 --> 00:50:18,805
It's Weimar.

761
00:50:18,805 --> 00:50:20,265
We live in Weimar.

762
00:50:20,585 --> 00:50:21,745
Of course we would do that.

763
00:50:21,765 --> 00:50:22,365
Let's go crazy.

764
00:50:22,905 --> 00:50:23,745
We live in Weimar.

765
00:50:24,165 --> 00:50:27,805
The Bitcoin treasury argument is becoming –

766
00:50:27,805 --> 00:50:29,805
I said – well, I wanted to clarify.

767
00:50:29,905 --> 00:50:31,126
My goal is to get more Bitcoin.

768
00:50:31,525 --> 00:50:32,585
I'm probably going to fail.

769
00:50:33,106 --> 00:50:36,205
But like it's a – like my goal is to trade that for more Bitcoin.

770
00:50:36,345 --> 00:50:41,626
Now, I am like 99% sure going to fail, and that's why it's a de minimis amount for me.

771
00:50:42,225 --> 00:50:43,665
As we are, they're like safe needles.

772
00:50:43,665 --> 00:50:49,005
It's like, look, if you're going to do drugs, let's make sure that you're not going to get HIV.

773
00:50:50,245 --> 00:50:51,646
It's harm reduction, shit corning.

774
00:50:51,945 --> 00:50:52,025
Yeah.

775
00:50:52,665 --> 00:50:58,365
I think what a lot of people are not acknowledging, obviously, because they're trying to sell equity,

776
00:50:58,805 --> 00:51:05,425
is that the majority of the treasury companies are going to underperform Bitcoin over a couple of years.

777
00:51:05,445 --> 00:51:05,705
Yes.

778
00:51:05,705 --> 00:51:13,385
They might outperform Bitcoin for a month, but they're going to underperform Bitcoin as soon as that time horizon gets stretched.

779
00:51:13,665 --> 00:51:19,305
even a little bit and like micro strategy i've been putting that in like a that's its own category

780
00:51:19,305 --> 00:51:24,325
right like that's that's obviously a completely different player the rest of them i would say

781
00:51:24,325 --> 00:51:28,665
maybe there's like there's going to be a few that outperform bitcoin over like a four-year cycle

782
00:51:28,665 --> 00:51:33,845
i don't think it's going to be that many what about a 40-year cycle like that that's always

783
00:51:33,845 --> 00:51:37,965
my question is like what's your time horizon because like yeah yeah you like make a bunch

784
00:51:37,965 --> 00:51:45,646
of money but then the problem is is that like we get 6102 and now like your money is like this

785
00:51:45,646 --> 00:51:52,285
surveilled thing that like has liquidity stops on it to where it's like yeah like i own like 30

786
00:51:52,285 --> 00:51:57,365
billion dollars but the problem is like a carton of eggs is a million dollars and i'm only allowed

787
00:51:57,365 --> 00:52:01,405
to withdraw 10 million dollars a month which to be clear 10 million dollars has the purchasing

788
00:52:01,405 --> 00:52:07,785
power of like 50 bucks right now and like i it's it's super obvious to me that like this is the

789
00:52:07,785 --> 00:52:12,146
play and it's going to work super well because it's like we're going to get cbdc's which is like

790
00:52:12,146 --> 00:52:17,626
a private public partnership where it's like no no like the government could never ever be able to

791
00:52:17,626 --> 00:52:22,945
have a cbdc because we have jp morgan and city bank coin and like yes they're like interoperable

792
00:52:22,945 --> 00:52:27,745
because of all this really great technology and like we don't hate you at all we're like giving

793
00:52:27,745 --> 00:52:35,445
you 503 a month oh but like you said the word nazi on the internet so actually you don't you

794
00:52:35,445 --> 00:52:40,106
don't get any money unless like you're going to do your online re-education course which like

795
00:52:40,106 --> 00:52:45,005
that's going to be some dystopian shit where it's like all right got to give us full access to like

796
00:52:45,005 --> 00:52:49,825
root your computer and like now you need to be watched like oh you looked away because your

797
00:52:49,825 --> 00:52:55,705
child was set on fire like you don't get any money now like we're going into like some some

798
00:52:55,705 --> 00:52:59,945
really fucking crazy dark shit yeah and most people are just going to swallow that right up

799
00:52:59,945 --> 00:53:04,885
and be like you know the government loves us and they gave us five hundred dollars i'm like didn't

800
00:53:04,885 --> 00:53:13,065
did they put your grandpa into the re-education camp so that he wouldn't say those not-so-nice things about the brown people anymore?

801
00:53:13,585 --> 00:53:17,126
It's like, yeah, but to be fair, grandpa was really racist.

802
00:53:17,305 --> 00:53:19,805
Be like, yeah, all of our grandpas were really racist.

803
00:53:19,945 --> 00:53:22,345
That's just kind of how the world worked at one point in time.

804
00:53:22,345 --> 00:53:29,805
And while it wasn't okay, it was also nice for us to learn that, hey, these racist things aren't fair or kind to them.

805
00:53:29,905 --> 00:53:31,885
And now we have a more fair and balanced view.

806
00:53:31,885 --> 00:53:48,305
But now because we can't actually hear grandpa's racist things, people just go out into the forest and they actually get in Klu Klux Klan outfits and like think really horrible, terrible things because you can't just let them have the outlet to say this fucked up stuff in public and have other people be like, hey, that wasn't very nice or thoughtful of you.

807
00:53:48,745 --> 00:53:50,525
Maybe there's brown people that are good too.

808
00:53:51,245 --> 00:54:01,465
You know, like to me, that's the craziest thing is that like there doesn't seem to be any logical imperative where people like people legitimately just think like it's always bad that people say these things.

809
00:54:01,465 --> 00:54:09,405
And it's like you realize that, like, in the 1960s, Nazis literally marched through Jewish neighborhoods of people that survived the Holocaust.

810
00:54:10,085 --> 00:54:15,265
And the motherfucker who stood up and was like, these dudes, these dudes, these dudes, was a dude who survived the fucking Holocaust.

811
00:54:15,865 --> 00:54:18,765
And he defended them in front of the fucking Supreme Court.

812
00:54:18,765 --> 00:54:30,765
And he fucking won because they realized that it's important to actually have sincere and legitimate dialogue with opinions that people don't agree about, even when they're responsible and disgusting ideas.

813
00:54:31,465 --> 00:54:43,865
And it just blows my fucking mind that somehow we've gotten to this absolute reductionist culture where people are so fucking cucked and limp dick that they can't even shove it in the hole to get anything done anymore.

814
00:54:44,005 --> 00:54:45,085
It's fucking wild.

815
00:54:45,585 --> 00:54:48,525
But, you know, welcome to fucking 2025, guys.

816
00:54:49,785 --> 00:54:51,025
And I got to pee and get a beer.

817
00:54:51,525 --> 00:54:52,545
Yeah, that's cool, man.

818
00:54:52,626 --> 00:54:57,705
I'm just going to say that, you know, you're right on track on the rant train, Kaysen.

819
00:54:57,705 --> 00:55:01,126
You know, you really – you're bringing the heat right now.

820
00:55:01,126 --> 00:55:02,405
I'm into it.

821
00:55:02,545 --> 00:55:03,925
Go, go, go.

822
00:55:03,925 --> 00:55:05,765
I want to clarify for people.

823
00:55:05,765 --> 00:55:08,025
Like, I'm like really happy in my life right now.

824
00:55:08,025 --> 00:55:09,785
Like shit, shit's like going really well for me.

825
00:55:09,785 --> 00:55:10,965
I'm not like an angry person.

826
00:55:10,965 --> 00:55:13,646
I just, I'm, I'm just really frustrated.

827
00:55:13,646 --> 00:55:15,365
Like we have Bitcoin.

828
00:55:15,505 --> 00:55:16,245
It's successful.

829
00:55:16,465 --> 00:55:18,045
The nation state can't stop us.

830
00:55:18,045 --> 00:55:22,106
Like if you motherfuckers could actually think for yourselves instead of listening to these

831
00:55:22,106 --> 00:55:26,865
fucking pieces of shit on MSNBC who fucking hate you and want to make sure that you stay

832
00:55:26,865 --> 00:55:29,485
in the box, you could actually free yourself from this.

833
00:55:29,485 --> 00:55:34,785
Like you could, the other one that blows my fucking mind is because people have no understanding of this at all.

834
00:55:34,785 --> 00:55:36,565
And they're like, man, I'm poor.

835
00:55:36,665 --> 00:55:40,205
And I hate that like the government's constantly stealing fucking money from me, despite that I'm poor.

836
00:55:40,265 --> 00:55:41,365
And I have this like small business.

837
00:55:41,365 --> 00:55:47,305
It's like, hey, you could like accept Bitcoin and you could, you could not tell the government.

838
00:55:47,945 --> 00:55:51,685
You don't have, you don't have to pay them if you don't, you don't tell them.

839
00:55:51,725 --> 00:55:53,085
And you're using something like pay joint.

840
00:55:53,365 --> 00:55:54,646
Like you could, you could do that.

841
00:55:54,685 --> 00:55:55,705
And you'd like save money.

842
00:55:55,705 --> 00:56:04,065
And they're like, but if we keep the government from stealing our money, like who will build the roads?

843
00:56:04,325 --> 00:56:05,225
Who will steal our money?

844
00:56:05,565 --> 00:56:06,665
Who will steal our money?

845
00:56:06,765 --> 00:56:07,165
Exactly.

846
00:56:07,745 --> 00:56:07,925
Dude.

847
00:56:08,165 --> 00:56:08,606
All right.

848
00:56:08,865 --> 00:56:17,525
Another one speaking about stealing money and the system we're going into and what's coming and all that is Eric's right about the stable coins.

849
00:56:17,865 --> 00:56:22,205
They're going to say it's not a CBDC, but it's going to be a CBDC.

850
00:56:22,205 --> 00:56:27,825
It's just going to be controlled by an oligarchy of bankers like Jamie Dimon.

851
00:56:29,905 --> 00:56:36,646
And there's also now this new push to – they've realized that you can expand U.S. hegemony with stable coins, right?

852
00:56:36,945 --> 00:56:38,185
But there's another thing.

853
00:56:38,345 --> 00:56:39,485
I think everybody gets that.

854
00:56:39,545 --> 00:56:40,005
That's obvious.

855
00:56:40,005 --> 00:56:53,465
But there's another thing that you can do as well, which is you can – okay, so every 10 years, give or take, eight or nine years, Global M2 expands by 2x, right?

856
00:56:54,025 --> 00:57:01,126
I think – I'm pretty confident about this, that they're not going to be counting stable coins in the Global M2 metrics.

857
00:57:01,126 --> 00:57:20,285
So if you go forward with this proliferation of new stables and then you run the same M2 inflation rate that you're used to, you could actually see a world where – let's imagine a world over the next 10 years where Bitcoin goes to, I don't know, $5 million or something like that.

858
00:57:20,385 --> 00:57:21,545
Like it goes crazy high.

859
00:57:22,745 --> 00:57:29,745
And stablecoins proliferate broadly and there's trillions of dollars of stablecoin usage out there in the broader world, right?

860
00:57:31,126 --> 00:57:36,665
I think you might see a world in which GlobalM2 has risen 2x just like normal.

861
00:57:37,225 --> 00:57:41,805
And when you check in on it, you go, okay, everything seems to be, you know, as it usually is.

862
00:57:42,065 --> 00:57:53,146
But the stablecoin proliferation is like a surreptitious GlobalM2 expansion that actually ran GlobalM2 at something closer to like 10x or 5x, right?

863
00:57:53,545 --> 00:57:56,606
And so I think that's the world that we're headed into here.

864
00:57:57,146 --> 00:58:00,425
And, you know, again, it all comes – all the roads lead to Rome.

865
00:58:00,425 --> 00:58:08,626
Like it all comes back to Bitcoin and it's like the best thing that you can possibly do is to have Bitcoin in order to protect yourself from what's coming.

866
00:58:09,106 --> 00:58:17,745
But these new tools the government has access to like stable coins are going to allow them to do things that are just straight up evil.

867
00:58:17,745 --> 00:58:35,805
And they're – like inflation is global taxation without representation because we're taxing every country and economy that's dollarized and we're taxing all euro dollar holders and we're taxing American dollar holders and basically everybody that has dollar exposure across the globe.

868
00:58:36,445 --> 00:58:43,405
So this system that I'm describing is like extreme taxation without representation at a global level.

869
00:58:44,665 --> 00:58:47,085
And I think that we're going to see that happen.

870
00:58:47,085 --> 00:58:49,765
And so the best – again, the best way to protect yourself is to have Bitcoin.

871
00:58:49,945 --> 00:58:53,665
But like I don't think the average person knows what's about to befall them.

872
00:58:54,065 --> 00:58:58,665
And it goes back to this thing about like I wish I could shake them awake, but I can't.

873
00:58:58,845 --> 00:59:03,405
And so maybe one of the best things to do is embed Bitcoin in the public markets, which is happening.

874
00:59:03,785 --> 00:59:04,465
So I don't know.

875
00:59:04,565 --> 00:59:07,585
Maybe they're going to be saved just by sheer dumb luck.

876
00:59:08,045 --> 00:59:10,146
The market is efficient, right?

877
00:59:10,305 --> 00:59:12,025
Like passive indexation always wins.

878
00:59:12,345 --> 00:59:13,305
Maybe they'll be saved by that.

879
00:59:13,325 --> 00:59:13,725
I don't know.

880
00:59:13,725 --> 00:59:23,126
yeah i it's it's tricky right because like okay the state there's a lot to unpack there

881
00:59:23,126 --> 00:59:28,485
um okay uh where to start like first of all one thing that i think is interesting like

882
00:59:28,485 --> 00:59:34,065
case into your earlier point about like okay if bitcoin's at whatever super high millions you know

883
00:59:34,065 --> 00:59:37,925
multi-million amount then you know like what is a million dollars worth you know etc etc

884
00:59:37,925 --> 00:59:57,106
Like I see that, but I think Bitcoin also has so much of the existing like present day denominated global wealth to cannibalize first before like, yeah, it may be true that like later that when Bitcoin's at, I don't know, 50 million a coin that like, yeah, 50 million doesn't buy what it used to.

885
00:59:57,265 --> 01:00:00,385
But like also the market is different at that point, right?

886
01:00:00,705 --> 01:00:05,385
But like right now it's like we still have what, 10x to go before we cannibalize gold, right?

887
01:00:05,385 --> 01:00:07,885
Like roughly 10x.

888
01:00:08,565 --> 01:00:08,685
Yeah.

889
01:00:09,606 --> 01:00:13,325
And so like that's – I feel like that's like a low bar.

890
01:00:13,685 --> 01:00:16,565
That's like a low bar for Bitcoin recapitalizing the world.

891
01:00:16,565 --> 01:00:17,405
I think it's 20x.

892
01:00:17,945 --> 01:00:18,865
Is it 20x?

893
01:00:19,045 --> 01:00:23,525
I think it's 20x for gold and I think it's 200x for real estate.

894
01:00:24,385 --> 01:00:24,606
Okay.

895
01:00:24,865 --> 01:00:31,445
And either way, Bitcoin is like $2 trillion and we've got $1,000 trillion in global wealth, like roughly, right?

896
01:00:31,445 --> 01:00:42,005
So it's like we're so fucking early from that perspective that it's like, well, yeah, this thing's got so much room to run just in the existing fiat denominated system.

897
01:00:42,345 --> 01:00:46,485
It's going to get obviously like they're going to debase like that.

898
01:00:46,565 --> 01:00:49,405
We know that they're going to debase to your point, Hodel.

899
01:00:49,485 --> 01:00:57,465
And like, you know, maybe having some passive exposure to like to MSTR or having I bet that you're passively exposed to or whatever.

900
01:00:57,465 --> 01:01:00,646
You know, maybe it's Fidelity's Bitcoin ETF or whoever's Bitcoin ETF.

901
01:01:00,646 --> 01:01:15,925
Like that's going to be great for like the average person who still is going to ignore Bitcoin for the next like ignore real spot Bitcoin for like the next 20 years still because they're just for whatever reason just not going to because you can lead a horse to water and you can beat it in the head repeatedly.

902
01:01:15,925 --> 01:01:18,085
But you can't make that stupid son of a bitch drink, right?

903
01:01:18,725 --> 01:01:25,165
But we're like we're just speed running the entire development of finance from the 15th century in like 50 years.

904
01:01:25,165 --> 01:01:27,545
So like we're just 10x accelerating everything.

905
01:01:27,545 --> 01:01:40,485
And so to me, like the like what what Saylor seems to be the champion of and he's pioneering is like we're going to see the corporatization of Bitcoin and making synthetic financial products.

906
01:01:40,485 --> 01:02:02,745
And like the the real winner is the person who actually figures out, like, how do you create like a global debt market that is based on Bitcoin that truly actually has like synthetic free interest rates that like essentially you get like a conglomeration of like treasury companies that essentially like set like a Bitcoin LIBOR kind of rate thing.

907
01:02:02,885 --> 01:02:09,265
And furthermore, like how do you get all the things like repo markets and swaps and other things that are like built on actual Bitcoin standard?

908
01:02:09,265 --> 01:02:15,085
uh and like that thing like once you have that like now we can suck up the extra 200 trillion

909
01:02:15,085 --> 01:02:20,606
dollars of like global debt markets like into that and it's a relatively smooth transition so like

910
01:02:20,606 --> 01:02:26,185
at the end of the day like everything's good for bitcoin and so like yeah like a bunch of people

911
01:02:26,185 --> 01:02:31,705
are gonna get absolutely hammer fucked when it comes to being 6102'd and like losing a ton of

912
01:02:31,705 --> 01:02:36,146
their money but the hilarious thing is like the dudes who don't have that happen like their bitcoin

913
01:02:36,146 --> 01:02:39,646
is going to be worth so much more in addition to like they're going to be able to do a bunch of

914
01:02:39,646 --> 01:02:46,965
other shit with that and very similar to like uh like when like when the medici family essentially

915
01:02:46,965 --> 01:02:50,606
discovered like oh like we can do this like double entry accounting thing and like figure out like

916
01:02:50,606 --> 01:02:56,705
what the fuck is going on and then like build debt around it like it's just retarded amounts

917
01:02:56,705 --> 01:03:01,525
of money that are so large that like you get to start getting people that are building things that

918
01:03:01,525 --> 01:03:05,525
are actually good for humanity because like they just have so much money that's sort of like the

919
01:03:05,525 --> 01:03:10,985
last thing that's left to do and it's kind of interesting that like uh when people start getting

920
01:03:10,985 --> 01:03:15,646
really rich like it turns out that like you can like go play and like do all the things that you

921
01:03:15,646 --> 01:03:21,606
want to and if you're not just like an absolute travesty piece of shit human you like do that for

922
01:03:21,606 --> 01:03:26,525
a little bit and then you realize like oh like there's this giant hole in my heart where like

923
01:03:26,525 --> 01:03:31,065
i want to actually do something like reasonable important for my children so like i'm gonna go do

924
01:03:31,065 --> 01:03:35,646
that now because like I'm free to do that. And like people that don't like they will perpetually

925
01:03:35,646 --> 01:03:40,626
suck to infinity. And like that's just what they do. And the most interesting and ironic thing is

926
01:03:40,626 --> 01:03:44,865
because there's this value realignment that Bitcoiners on a whole tend to have because of

927
01:03:44,865 --> 01:03:49,385
how and why they're investing in Bitcoin. They seem to get that much more than other people.

928
01:03:50,165 --> 01:03:55,005
So like ultimately, again, everything is good for Bitcoin. This like ultimately aligns with

929
01:03:55,005 --> 01:04:00,865
my own philosophical approach of that. Like. To me, all that Bitcoin really is, is like it's the

930
01:04:00,865 --> 01:04:13,511
fruition of philosophy and the entirety of history coming together And like that why cryptography is at the bottom of it It not because like we like nerds that like fun math puzzles Like no there like actually like a 20th century

931
01:04:13,511 --> 01:04:15,851
about communism where like 100 million people

932
01:04:15,851 --> 01:04:17,531
are literally murdered for their property.

933
01:04:17,711 --> 01:04:20,311
So like, it actually turns out that like owning property

934
01:04:20,311 --> 01:04:24,131
is actually like within the sphere and theater of war itself.

935
01:04:24,231 --> 01:04:27,311
And ergo, like protecting your property with cryptography

936
01:04:27,311 --> 01:04:28,831
is really, really important

937
01:04:28,831 --> 01:04:30,851
because otherwise people will just murder you

938
01:04:30,851 --> 01:04:37,731
would take it as the 20th century told us yep do you think we have to fight another world war or are

939
01:04:37,731 --> 01:04:44,071
we already in the midst of another world war like before we get to the end game like is that a is

940
01:04:44,071 --> 01:04:50,531
that a is that a necessary part of what like what happens next or is there a way to avoid that

941
01:04:50,531 --> 01:04:56,031
marshall mcclellan the father of information theory said that uh world war three is a

942
01:04:56,031 --> 01:05:03,071
nonstop guerrilla information war with no division or distinction between civilian and military

943
01:05:03,071 --> 01:05:09,651
participation that is what we live in right now it's happening you're in world war three this is

944
01:05:09,651 --> 01:05:15,371
world war three you know yeah it's a it's a very clauswitzian thing that's also like the uh like

945
01:05:15,371 --> 01:05:20,631
where's the delineation between politics and war at and like isn't politics just war by another

946
01:05:20,631 --> 01:05:25,591
means right i'm like isn't that war something that's already being carried out and like isn't

947
01:05:25,591 --> 01:05:37,891
Like it like that's that's essentially why and how we have this highly interdependent global system with like an Internet where like we're all in different places, hundreds of miles away from each other, able to do this.

948
01:05:38,111 --> 01:05:41,471
And like that in and of itself is a feature of this territory.

949
01:05:41,471 --> 01:05:50,550
And to me, like this is one of the mind boggling things I keep coming back to is that like the Internet itself obviously is like not a political in any way, shape or form.

950
01:05:50,550 --> 01:06:04,550
But because of the sort of informational hyper war that we live with, then like people can't seem to like link the two together to be like, huh, like maybe this thing that like six billion people around the world are on and like interact with every day and have more importance than the nation state itself.

951
01:06:04,550 --> 01:06:22,231
Like maybe we could like use this thing to like make like a new form of the political like capital T, capital P, like very similar to the American ideology of like, hey, like it turns out like maybe we should get to like vote on how and why like our system of governance works.

952
01:06:22,231 --> 01:06:27,811
And like maybe there should be strong parameters and delineations of like how powerful the nation state could be.

953
01:06:28,151 --> 01:06:35,791
And that's one of the things I have like a massive boner about Noster and Bitcoin and all these things is that like we're no longer asking for permission.

954
01:06:35,791 --> 01:06:40,231
We're just like building these tools that like you fundamentally can't violate in any way.

955
01:06:40,451 --> 01:06:44,711
So like we can go say whatever the fuck we want on Noster and like you can't censor me.

956
01:06:45,071 --> 01:06:49,731
Like if I want to send money to like Palestinian dissidents right now, like I can just fucking do that.

957
01:06:49,731 --> 01:06:55,211
like if i would like to like help smuggle people out of north korea i can like send the money off

958
01:06:55,211 --> 01:06:59,971
to the people in china to help me do that and like you can't fucking stop me oh you don't like it

959
01:06:59,971 --> 01:07:06,171
like too bad like oh you'd like a state of emergency to violate me you can't unlike that

960
01:07:06,171 --> 01:07:11,771
people have very little appreciation for how radically removed that is from contemporary

961
01:07:11,771 --> 01:07:17,631
politics i have a question for both well go ahead because i'm going to slightly diverge

962
01:07:17,631 --> 01:07:19,891
into a tangent of what Eric said.

963
01:07:20,131 --> 01:07:21,371
I was just going to say that

964
01:07:21,371 --> 01:07:23,631
lately I've been

965
01:07:23,631 --> 01:07:25,751
thinking a lot about

966
01:07:25,751 --> 01:07:27,251
the Gen Z

967
01:07:27,251 --> 01:07:29,391
political sphere.

968
01:07:30,251 --> 01:07:31,511
And the Gen Z

969
01:07:31,511 --> 01:07:33,831
political sphere, for those who don't keep

970
01:07:33,831 --> 01:07:35,791
track of it, is

971
01:07:35,791 --> 01:07:37,611
what I would describe as batshit

972
01:07:37,611 --> 01:07:39,651
insane. So the

973
01:07:39,651 --> 01:07:41,091
Gen Z's are

974
01:07:41,091 --> 01:07:43,711
either in this

975
01:07:43,711 --> 01:07:45,811
far-right sort of

976
01:07:45,811 --> 01:07:53,711
Nick Fuentes thing, anti-Semitic, like old school racism, like, you know, this sort of direction.

977
01:07:53,931 --> 01:07:55,391
Or they're in the opposite.

978
01:07:55,851 --> 01:08:00,491
Luigi Mangione is a saint, you know, communist populism.

979
01:08:01,151 --> 01:08:07,011
And there's a growing desire for violence on both sides.

980
01:08:07,551 --> 01:08:15,611
And I think that the reasons for this are, you know, we could spend an entire podcast talking about them.

981
01:08:15,811 --> 01:08:23,751
But what's interesting from our perspective, I think, as Bitcoiners is that Bitcoin is going to do what it's going to do.

982
01:08:24,291 --> 01:08:25,911
It's going to go to millions of dollars a coin.

983
01:08:26,531 --> 01:08:29,210
We're going to be the capital of the new world order.

984
01:08:29,851 --> 01:08:35,551
And as the capital stack, we sit on a meta layer above the political stack and we get to pick and choose winners.

985
01:08:35,551 --> 01:08:51,431
So I think it's important to keep abreast of what's going on in the political sphere so that you can know what type of things you might want to back and what type of things you would like to steer clear of, right?

986
01:08:51,591 --> 01:08:55,190
I think that's the thing that Bitcoiners need to think about more and more.

987
01:08:55,351 --> 01:08:57,511
Right now, we're sort of single-issue voters.

988
01:08:57,511 --> 01:09:03,931
like we came to the donald trump administration with just like we like bitcoin and then donald

989
01:09:03,931 --> 01:09:09,391
trump was like you like bitcoin buy my shit coin trump coin bitch and we were like okay whatever

990
01:09:09,391 --> 01:09:15,991
like that's fine as long as we just just leave us alone please for the love of god um and so you

991
01:09:15,991 --> 01:09:21,770
know but we're like um you ever see the incredibles where like the baby jack jack has like incredible

992
01:09:21,770 --> 01:09:29,071
powers but he can't control them we are a super powerful political baby we're like we just rose up

993
01:09:29,071 --> 01:09:33,471
on this first first go round we were like oh shit we can just laser everybody in the room

994
01:09:33,471 --> 01:09:41,571
like everyone's dead now uh we win right like i think i think they do have these dead bodies though

995
01:09:41,571 --> 01:09:48,730
as we go as we go forward we're going to like be able to flesh out our full potential as a

996
01:09:48,730 --> 01:09:55,351
political entity on a global stage and say, what is the global reordering, right? What does it

997
01:09:55,351 --> 01:10:00,051
actually look like? What's acceptable in the political economy? What's not? What are the

998
01:10:00,051 --> 01:10:04,351
types of projects we're gearing towards? What are we not gearing towards? And I'm not saying that we

999
01:10:04,351 --> 01:10:08,871
get to be like the sole arbiters of this sort of thing as some sort of robber barons of the new

1000
01:10:08,871 --> 01:10:15,210
digital age. But I'm saying that like, you know, Bitcoin is a unique phenomenon in that it made a

1001
01:10:15,210 --> 01:10:19,891
bunch of culture warriors rich. And we are people that care about the culture war. And we actually

1002
01:10:19,891 --> 01:10:25,251
care about the structure and shape of our society. And we found something that has a better structure.

1003
01:10:25,531 --> 01:10:29,051
And, you know, it's like Eric was saying, like, the reason we have buy-in or alignment with each

1004
01:10:29,051 --> 01:10:33,730
other is because the how and why of why we came to Bitcoin. Well, the how and why of why we all

1005
01:10:33,730 --> 01:10:38,971
came to Bitcoin is the same thing. It's institutional betrayal. At some point or another,

1006
01:10:38,971 --> 01:10:44,971
we trusted an institution and got totally ass reamed because of that choice. And that shared

1007
01:10:44,971 --> 01:10:50,591
trust of betrayal and trauma is the thing that brought us all to Bitcoin. And so like, you know,

1008
01:10:50,631 --> 01:10:55,411
essentially everybody under nobody under 40 believes in the mainstream political institutions

1009
01:10:55,411 --> 01:11:00,631
anymore. Nobody believes in them. Okay. And so that lets you know that they're going to fall.

1010
01:11:00,631 --> 01:11:06,911
And like in a forest, when a tree falls, it's already dead. It just it keeps its form and

1011
01:11:06,911 --> 01:11:11,871
structure while it's in decay. Right. So like, some of these institutions have already died.

1012
01:11:11,871 --> 01:11:15,111
They just haven't fully disintegrated into the ground yet.

1013
01:11:15,671 --> 01:11:30,011
And so you have a bunch of people in the political economy who are racing to occupy the husk of the fallen tree so that they can inherit the ash pile and they can parasitically pilot these old dead institutions.

1014
01:11:30,511 --> 01:11:32,230
And the Bitcoin ethos is fuck that.

1015
01:11:32,310 --> 01:11:33,511
Let's build the new institutions.

1016
01:11:33,511 --> 01:11:34,931
Let's build the new world order.

1017
01:11:35,451 --> 01:11:38,371
I don't want access to your elite society.

1018
01:11:38,551 --> 01:11:41,270
This isn't an elite revolution where I'm asking you to be part of your club.

1019
01:11:41,270 --> 01:12:09,491
I don't want to be in your club. I'm never going to be in your fucking club. I wouldn't join any club that would have somebody like me as a member. OK, so like we have to build our own things and these things have to work and be reorienting for a new global order that's going to emerge in the crypto world that we're building. Right. And so like I think it's very important that you remember that and you think about that as a Bitcoiner and a capital allocator because Eric's right.

1020
01:12:09,491 --> 01:12:13,911
Like the Bitcoin story is going to go boom, rocket ship, block by rocket ship.

1021
01:12:14,071 --> 01:12:15,751
It's going straight up into the right.

1022
01:12:16,051 --> 01:12:19,411
OK, and, you know, all your dreams are going to come true.

1023
01:12:19,871 --> 01:12:21,071
And then what?

1024
01:12:21,270 --> 01:12:22,310
And then what?

1025
01:12:22,391 --> 01:12:25,730
What the fuck are you going to do after you have a Lambo and a mansion?

1026
01:12:26,011 --> 01:12:27,411
What do you do next?

1027
01:12:27,931 --> 01:12:31,511
Spend a lot more time thinking about that because Lambos and mansions come and go.

1028
01:12:31,591 --> 01:12:33,531
And by the way, like they're nothing.

1029
01:12:33,671 --> 01:12:34,531
It's all nothing.

1030
01:12:34,810 --> 01:12:35,911
It just means nothing.

1031
01:12:36,171 --> 01:12:38,210
Like you're flying first class.

1032
01:12:38,210 --> 01:12:39,091
You're drinking champagne.

1033
01:12:39,091 --> 01:12:41,631
You're in a Lamborghini. It means fucking nothing.

1034
01:12:41,751 --> 01:12:45,650
There's no difference between drinking Highlights and sitting in the back of a Camry and flying Southwest.

1035
01:12:45,951 --> 01:12:48,210
It doesn't matter. None of that shit matters.

1036
01:12:48,690 --> 01:12:52,310
The thing that matters is the world we build, the world we leave behind.

1037
01:12:52,770 --> 01:12:53,991
Bitcoin's a thousand-year system.

1038
01:12:54,531 --> 01:12:57,611
We are going to be – we're the new capital allocators of that world.

1039
01:12:58,011 --> 01:13:04,051
And we're going to be leaving large amounts of Bitcoin and hopefully new ideas and new systems to the people that come after us.

1040
01:13:04,051 --> 01:13:10,491
it's interesting that you because to me like it's not even uh like a cultural it's like culture and

1041
01:13:10,491 --> 01:13:17,391
technology are uh like dynamically feeding back into each other in uh like a symbiotic relationship

1042
01:13:17,391 --> 01:13:22,591
because like we're the culture that we've got is explicitly because of the technology and same

1043
01:13:22,591 --> 01:13:26,851
thing with the form of politics that will create it's explicitly because of technology and like

1044
01:13:26,851 --> 01:13:33,091
that to me this is why this is all like part of a general chain of the historicity of man and like

1045
01:13:33,091 --> 01:13:38,951
the true history as it was because like it turns out that like we created this nation state thing

1046
01:13:38,951 --> 01:13:43,571
that is part of human history and it turns out that like the way that the forms of legalism works

1047
01:13:43,571 --> 01:13:48,891
was like explicitly through violence and the way that it's untavered itself since the since the end

1048
01:13:48,891 --> 01:13:53,931
of world war ii is that like now it's this gigantic maniacal thing that believes it owns all people

1049
01:13:53,931 --> 01:13:59,611
everything everywhere forever and the simple standpoint of saying like yo like i don't want

1050
01:13:59,611 --> 01:14:03,591
to participate in that like the thing like lasers in on you know like oh like you're like an enemy

1051
01:14:03,591 --> 01:14:08,371
of me like i must destroy you because like i can't have power over you and it turns out that like

1052
01:14:08,371 --> 01:14:14,051
that function inherently breaks in the digital paradigm where we have cryptography like you you

1053
01:14:14,051 --> 01:14:20,371
you can't do anything about it like if i've encrypted something like you you can't like be

1054
01:14:20,371 --> 01:14:25,411
like well state of emergent like backdoor exception haha like doesn't work that way it's

1055
01:14:25,411 --> 01:14:27,871
just a feature of how fucking math works.

1056
01:14:28,270 --> 01:14:31,751
And I think because of the way that we've came to understand that

1057
01:14:31,751 --> 01:14:35,491
and what cypherpunkism is, is like getting culturally that like,

1058
01:14:35,831 --> 01:14:38,371
that's part of the world paradigm that we have, you know?

1059
01:14:38,911 --> 01:14:42,491
And so I think as this continues to develop, like,

1060
01:14:43,230 --> 01:14:46,671
because more and more people seem to understand that and get it.

1061
01:14:46,671 --> 01:14:49,831
And like having watched this happen for more than a decade,

1062
01:14:49,831 --> 01:14:53,091
it's been really interesting to like, in the beginning, it's like,

1063
01:14:53,171 --> 01:14:55,291
oh, like I'm like a fucking insane person.

1064
01:14:55,411 --> 01:14:59,171
And now I meet somebody like Jesse and I'm like, oh, like another insane person, like, whoa.

1065
01:14:59,650 --> 01:15:02,551
And now it's like, hey, now there's like eight of us and 16 and 32.

1066
01:15:02,551 --> 01:15:08,310
Like, now there's a fuck ton of us and we all sort of get the same thing and we also get the same pathway.

1067
01:15:08,891 --> 01:15:19,810
But even more importantly, is that like that contrasted against the dark nihilism of like what it means to be a slave and fiat society versus like we have a form of empowerment.

1068
01:15:19,810 --> 01:15:23,371
Like I no longer want to tell you what to do.

1069
01:15:23,371 --> 01:15:49,631
Like, I want to welcome you into freedom and liberation. And that speaks to people in a radically different way than anything else. And I honestly think like the greatest challenge that's going to come about is just getting people to actually do the work and think for themselves, which I don't think will ever win. Like, I think we'll always be a minority. And that's one of the reasons that like, I've had people very pedantically push me. They're like, you have to do as much as you can to educate the masses about this as possible.

1070
01:15:49,631 --> 01:15:55,190
And I always go back to being like, look, there's like tons of people like Walker who do a really great job with that.

1071
01:15:55,471 --> 01:15:57,730
Like, that's not my shtick.

1072
01:15:57,831 --> 01:16:02,991
Like, my shtick is for the people that are already deeper is to like shove them deeper into that and have them get that.

1073
01:16:03,210 --> 01:16:04,971
Like, it's not just number go up.

1074
01:16:05,011 --> 01:16:06,171
It's not just getting rich.

1075
01:16:06,190 --> 01:16:11,571
It's not just implementing these new forms that like make people freer and give us like libertarianism.

1076
01:16:11,571 --> 01:16:27,391
Like this is about exploding the entire paradigm that we would call politics and borders and nation states to like implement something radically different and new in the same way that like in the 1730s, if you're like, hey, like maybe this king is bullshit.

1077
01:16:27,391 --> 01:16:31,230
And like maybe we should all like figure out a new way to like create politics.

1078
01:16:31,230 --> 01:16:33,631
People be like, what the fuck are you talking about?

1079
01:16:33,690 --> 01:16:36,690
Like how would that even work in any meaningful sense?

1080
01:16:37,291 --> 01:16:39,391
But like this is where we're at.

1081
01:16:39,391 --> 01:16:47,111
and uh yeah like today versus maybe 10 years ago like i feel so much more compelled and inspired

1082
01:16:47,111 --> 01:16:53,911
that like we are going to win the big question now is is like on what time span is that going to be

1083
01:16:53,911 --> 01:17:00,011
who are going to be the people that implement it and like how is this going to manifest itself yeah

1084
01:17:00,011 --> 01:17:07,091
i want to i want to ask you guys because so this uh this feeds into what both of you had said

1085
01:17:07,091 --> 01:17:14,150
earlier but just like thinking of this idea of like what is the what is the structure that is

1086
01:17:14,150 --> 01:17:19,911
to come like and what part do bitcoiners play at play in it as these new capital allocators with a

1087
01:17:19,911 --> 01:17:25,150
great amount of economic energy and like a completely different set of priorities and a

1088
01:17:25,150 --> 01:17:31,631
completely different worldview than the pre-existing structure creators like do you i'm curious maybe

1089
01:17:31,631 --> 01:17:36,310
case in first if like some of what you were describing earlier is like kind of similar to

1090
01:17:36,310 --> 01:17:41,291
like bellagio's thesis of like the network state but also like the network state is basically just

1091
01:17:41,291 --> 01:17:47,571
plagiarizing snow crash um neil stevenson's not like it is like that it's basically you're just

1092
01:17:47,571 --> 01:17:52,591
describing like bellagio's all the respect to him but he's just describing snow crash like that's

1093
01:17:52,591 --> 01:17:56,551
i like bellagio a lot like i haven't found anything extraordinarily original i've found

1094
01:17:56,551 --> 01:18:03,911
high amounts of that exact same thing it's so i guess my question is do we go towards a snow crash

1095
01:18:03,911 --> 01:18:08,371
future, but it's like a little bit less dystopian than snow crash or like, how do you, how, like,

1096
01:18:08,391 --> 01:18:13,891
how do you actually see that shaking out? Like, is there kind of the disintegration of the nation

1097
01:18:13,891 --> 01:18:19,690
state as it exists today in a fragmentation into very, very small nation states and corporate,

1098
01:18:19,690 --> 01:18:25,071
you know, state as a service providers, or like, how do you actually see, like, what does that

1099
01:18:25,071 --> 01:18:29,671
actually look like? Or, or does the existing paradigm just kind of can continue and continue

1100
01:18:29,671 --> 01:18:35,230
and continue and just like we kind of just kick that can down the road despite bitcoin existing

1101
01:18:35,230 --> 01:18:42,150
despite the fragmentation that we see i mean again it's like all time scale so like i i definitely

1102
01:18:42,150 --> 01:18:47,371
think that like the the nation state as an entity on a whole is dead because of the way that like it

1103
01:18:47,371 --> 01:18:51,991
fundamentally relies on fiat and like fiat is also fundamentally dead because of how that functions

1104
01:18:51,991 --> 01:18:56,431
so like there's like a number of different possibilities that we have and i actually

1105
01:18:56,431 --> 01:19:01,310
think like the one that's going to be the most interesting is like, I'm, I'm a big fan of like

1106
01:19:01,310 --> 01:19:05,871
the great man of history thesis of that, like, I think somebody will actually rise up at some

1107
01:19:05,871 --> 01:19:11,031
point in time and realize that like, attaching ourselves to Bitcoin as this thing that we can

1108
01:19:11,031 --> 01:19:15,270
use to essentially ram a new form of the political down the throats of everybody else. And like,

1109
01:19:15,291 --> 01:19:19,971
you, you don't have to agree with it. And again, like, this is where we start getting into my weird

1110
01:19:19,971 --> 01:19:25,471
fourth political theory stuff about like, I, and again, like returning to like, at the deepest

1111
01:19:25,471 --> 01:19:29,871
levels, I think Bitcoin is totally a form of communism. I think it's just like that form of

1112
01:19:29,871 --> 01:19:35,571
communism is legitimate insofar that it's the deepest form of scientific socialism that there

1113
01:19:35,571 --> 01:19:42,331
is and that Bitcoin is the form of IE socialism that we've chosen, that we've just chosen the

1114
01:19:42,331 --> 01:19:47,571
social sciences that we should use cryptography and game theory and all this technology in order

1115
01:19:47,571 --> 01:19:54,911
to implement what we believe is the most fair and just and magnanimous society for man. We're just

1116
01:19:54,911 --> 01:20:00,150
doing it with this other thing and this goes into a political theory of that like communism and

1117
01:20:00,150 --> 01:20:05,371
anarchism were like a single movement up until marx presented the communist manifesto and the

1118
01:20:05,371 --> 01:20:10,710
idea of the dictatorship of the proletariat and bakun was like yo like the nation state like like

1119
01:20:10,710 --> 01:20:15,871
the state's the thing that we can't use like go fuck yourself and marx was like fine we'll like

1120
01:20:15,871 --> 01:20:20,251
use the state and like we'll make communism because also to be clear the idea of communism

1121
01:20:20,251 --> 01:20:21,931
is a stateless society.

1122
01:20:22,631 --> 01:20:25,111
Like it's not to get some gigantic rogue thing

1123
01:20:25,111 --> 01:20:26,230
that has power over everything.

1124
01:20:26,331 --> 01:20:28,351
It's to make sure that there is no more classes.

1125
01:20:29,210 --> 01:20:32,031
And like Bitcoin, literally because of how it anonymizes

1126
01:20:32,031 --> 01:20:33,631
everything vis-a-vis cryptography,

1127
01:20:34,031 --> 01:20:36,270
it literally makes a classless structure.

1128
01:20:36,931 --> 01:20:39,751
So like I actually think that like that's really important.

1129
01:20:39,931 --> 01:20:42,611
And also like it drives me fucking crazy

1130
01:20:42,611 --> 01:20:45,270
that no liberals have actually attached onto this

1131
01:20:45,270 --> 01:20:47,851
and like done an applied thoughtful thing with Marxism.

1132
01:20:47,851 --> 01:20:52,531
me and ben ark have had a great some really great conversations about like how we should just like

1133
01:20:52,531 --> 01:20:57,491
spend a month diving in to like do a marxist analysis of bitcoin to essentially explain

1134
01:20:57,491 --> 01:21:03,511
how it implements communism vis-a-vis a anarchist lens but that's like a bunch of fucking work and

1135
01:21:03,511 --> 01:21:08,831
effort that like i'm not necessarily interested in um like i like the shtick that i'm on right now

1136
01:21:08,831 --> 01:21:14,491
um it's a good yeah and also like that's why we're building sort of what we are at voras because

1137
01:21:14,491 --> 01:21:19,211
like we we believe that the only way to get to this place is to like actually have like your

1138
01:21:19,211 --> 01:21:24,190
like your revolution in a box that like is this sovereign server that like has all these

1139
01:21:24,190 --> 01:21:30,391
cryptographic primers that can't be broken whether or not that works i don't know um but also like

1140
01:21:30,391 --> 01:21:37,351
in this grand paradigm i still think america's like the winner that takes all but i think the

1141
01:21:37,351 --> 01:21:41,431
difference is is that like we need some sort of radical and i don't even want to call a third

1142
01:21:41,431 --> 01:21:46,171
party. But like, again, I returned to the Article five argument of that, like, we need to essentially

1143
01:21:46,171 --> 01:21:51,171
use states to fuck up the federal government and like change the Constitution with Article five.

1144
01:21:51,751 --> 01:21:55,371
And then we get a totally different political structure that can actually serve a revolutionary

1145
01:21:55,371 --> 01:22:01,351
agenda around the world. Because most nation state entities have a larger federal thing with

1146
01:22:01,351 --> 01:22:05,610
states underneath it. And so if you can radicalize states to fight their own federal government,

1147
01:22:05,610 --> 01:22:10,331
and then create a solidarity that happens horizontally globally, like now we're cooking

1148
01:22:10,331 --> 01:22:17,391
with gas and we got some some fun shit in the line and i we need to we need to have another

1149
01:22:17,391 --> 01:22:23,991
podcast where we just do a deconstruction of uh of we well you know we do we we try real

1150
01:22:23,991 --> 01:22:29,230
communism this time we try real communism with bitcoin this because this time real communism

1151
01:22:29,230 --> 01:22:37,631
might work not perhaps not marxist communism but yeah well anarcho-communism yes yes and and you

1152
01:22:37,631 --> 01:22:45,411
Just so you know, earlier when I said that communists were just as bad or worse than Nazis, I wasn't talking about you, Kacen.

1153
01:22:45,911 --> 01:22:46,491
I just want you to know.

1154
01:22:46,511 --> 01:22:47,011
That's fine.

1155
01:22:47,011 --> 01:23:01,331
Like, communists are just as evil as Nazis because both of them are – because same thing, like national socialism as the Nazis imagined it is not a functional political system.

1156
01:23:01,511 --> 01:23:01,610
Right.

1157
01:23:01,610 --> 01:23:08,730
Like these are all just like a bunch of fancy words that we use to like give a specific class of people power to like murder and hurt other people.

1158
01:23:09,051 --> 01:23:16,391
Turns out that like with cryptography, one, because it's digital, two, because of how it anonymizes things, and three, because of the protections that it gives.

1159
01:23:16,511 --> 01:23:19,991
Like it's like non-functional in that theater.

1160
01:23:20,610 --> 01:23:30,531
And so, again, this is one of the things I've been working on is with the fourth political theory because like to be clear, like the current global world order that we exist within is all neoliberal.

1161
01:23:30,531 --> 01:23:38,891
Like whether it's North Korea or China or Iran or the United States, like it's all part of a giant neoliberal world order.

1162
01:23:39,031 --> 01:23:46,391
And it's really important to understand, like neoliberalism is what liberalism want, like has stated it is.

1163
01:23:46,650 --> 01:23:48,991
But it's inherently a fucking lie.

1164
01:23:48,991 --> 01:23:59,051
It's like telling you that because it's just like a thieving, maniacal, individualistic thing where you have like a collection of selfish people that all just want to make money.

1165
01:23:59,051 --> 01:24:03,391
And that's the final objective. And like, it's impossible for it ever to tell the truth.

1166
01:24:03,531 --> 01:24:07,831
Because like, that's the thing that it's incapable of, like, it can't tell truth like that.

1167
01:24:08,051 --> 01:24:12,971
That's a sort of linchpin. And so that means that like, if all prior political theories are dead,

1168
01:24:13,371 --> 01:24:17,551
let's like pick and choose what we like from all of them, which to me, that's part of Bitcoin is

1169
01:24:17,551 --> 01:24:21,911
that like, it's taking the most extreme parts of communism, the most extreme parts of fascism,

1170
01:24:21,911 --> 01:24:27,150
and synthesizes them in order to make the most extreme form of liberalism that's ever existed.

1171
01:24:27,150 --> 01:24:43,270
And that like all of these things amalgamated together, like is essentially Bitcoin in the exact same way. Like Bitcoin is anarcho-capitalism, which like that was like a misnomer and like contradictory up until the existence of Bitcoin.

1172
01:24:43,270 --> 01:24:47,610
There was no way to have a money that was not tied to the nation state before Bitcoin.

1173
01:24:47,791 --> 01:25:06,431
It's just what Satoshi created was so incredible, innovative and original that like it actualized that, which to me, this is also what unwinds and unpacks the entire historicity of man, its relationship to war, violence and the law and how what Bitcoin is like essentially ends all of those things at once.

1174
01:25:08,610 --> 01:25:09,650
Fuck yeah, man.

1175
01:25:10,211 --> 01:25:12,171
Has real capitalism ever been tried?

1176
01:25:13,270 --> 01:25:15,391
A long time ago.

1177
01:25:15,690 --> 01:25:16,211
A long time ago.

1178
01:25:16,310 --> 01:25:16,531
Yeah.

1179
01:25:16,770 --> 01:25:24,251
And like it's very different because like the moment that we had the implementation of the nation state itself, like that sort of ended.

1180
01:25:24,251 --> 01:25:34,730
And so like that's again why crypto sovereignty sort of starts with a reading of Hobbes is because Hobbes is really representative of like the first implementation of what we could call statism.

1181
01:25:34,730 --> 01:25:45,911
And it's not to say that like monarchism had a strange relationship to it, but it was only once gold got fully appropriated as this object that was been backed by fiat monies.

1182
01:25:46,051 --> 01:25:47,991
And like that was tried a bunch of times in history.

1183
01:25:48,310 --> 01:25:52,671
And like I'm sure you're aware of like when the Chinese tried it in the 12th century.

1184
01:25:53,730 --> 01:25:56,491
Yeah, and like essentially they like tried to make fiat money.

1185
01:25:56,631 --> 01:25:57,851
It totally failed.

1186
01:25:57,851 --> 01:26:07,171
And then even more interesting is that like after it failed, they're like, oh, the most brutal and barbaric sort of forms of torture need to be carried out on anybody that issues paper money.

1187
01:26:07,351 --> 01:26:12,650
It was stuff like we got to crush their balls and rip their fingers off and like rip their eyes out and shit.

1188
01:26:12,770 --> 01:26:14,291
It was not friendly.

1189
01:26:14,471 --> 01:26:14,631
Yeah.

1190
01:26:15,031 --> 01:26:15,831
Moderate even.

1191
01:26:16,251 --> 01:26:16,471
Truly.

1192
01:26:16,911 --> 01:26:19,511
You know, they were I think they were running the money there.

1193
01:26:20,591 --> 01:26:25,831
Now, man, it's going to be really fascinating to kind of see.

1194
01:26:25,831 --> 01:26:30,951
like I feel like we're at this really like I'm very grateful to be alive at this moment in in

1195
01:26:30,951 --> 01:26:36,270
space and time because it feels like like it's it's somewhat surreal like it's also not it's

1196
01:26:36,270 --> 01:26:41,531
very real like I'm I'm I'm pretty sure like you know this all feels pretty real but like it's

1197
01:26:41,531 --> 01:26:48,251
genuinely wild that we get to be here to witness this transition and and I can't imagine how dark

1198
01:26:48,251 --> 01:26:53,411
and depressing things would be if Bitcoin didn't exist because I don't know that I would have a

1199
01:26:53,411 --> 01:26:59,051
lot of hope for what comes next and i think things are going to get really really messed up and i've

1200
01:26:59,051 --> 01:27:04,071
said this before and eventually i'll formalize it into a a nice thesis that i'll that i'll write in

1201
01:27:04,071 --> 01:27:08,891
a piece and i'll publish on substack uh but until then i'll just i'll just spout it but i think we're

1202
01:27:08,891 --> 01:27:13,531
at this like we have this moment of cyclical convergence that is made all the more ferocious

1203
01:27:13,531 --> 01:27:17,711
by bitcoin so we've got like obviously like the fourth turning like everybody knows about the

1204
01:27:17,711 --> 01:27:21,131
fourth turning right and that's like supposed to be happening you know like the end of that turning

1205
01:27:21,131 --> 01:27:23,150
is like in the 20, 20, 30 range.

1206
01:27:23,371 --> 01:27:24,831
But you've also got like the,

1207
01:27:24,931 --> 01:27:25,631
I don't know if you're familiar

1208
01:27:25,631 --> 01:27:27,671
with like the contrattative waves

1209
01:27:27,671 --> 01:27:29,190
or contrattative cycles.

1210
01:27:29,190 --> 01:27:29,690
Oh, yeah, yeah.

1211
01:27:30,551 --> 01:27:31,931
The Russians killed him

1212
01:27:31,931 --> 01:27:34,230
because he basically showed that like,

1213
01:27:34,291 --> 01:27:35,391
well, it turns out capitalism

1214
01:27:35,391 --> 01:27:36,110
just like kind of like

1215
01:27:36,110 --> 01:27:37,071
does this free market thing

1216
01:27:37,071 --> 01:27:37,871
and then like it works

1217
01:27:37,871 --> 01:27:39,610
and it actually works out better

1218
01:27:39,610 --> 01:27:40,591
than like communism

1219
01:27:40,591 --> 01:27:42,351
and state controlled economies.

1220
01:27:42,531 --> 01:27:43,431
And so they killed him.

1221
01:27:44,291 --> 01:27:45,971
And then his theories emerged later.

1222
01:27:46,291 --> 01:27:47,171
And then we've also got like,

1223
01:27:47,211 --> 01:27:48,591
you know, the long-term debt cycles

1224
01:27:48,591 --> 01:27:50,551
that Ray Dalio talks about.

1225
01:27:50,551 --> 01:27:59,851
And then you've got like the fiat currency cycles and you've got – we can get into like solar cycles as well here if you want to get in tectonic cycles.

1226
01:28:00,171 --> 01:28:01,730
There's like all – it feels like there is –

1227
01:28:01,730 --> 01:28:06,011
And then there's the singularity is near rapidly approaching.

1228
01:28:06,411 --> 01:28:08,270
While the singularity – like while we have like –

1229
01:28:08,270 --> 01:28:08,610
Call a yuga cycle.

1230
01:28:09,511 --> 01:28:10,810
Like there are so many fucking cycles.

1231
01:28:10,810 --> 01:28:11,791
Mayan calendar.

1232
01:28:12,071 --> 01:28:13,491
Did the world end in 2012?

1233
01:28:13,871 --> 01:28:14,431
Like did it?

1234
01:28:14,551 --> 01:28:15,131
It might have.

1235
01:28:15,871 --> 01:28:16,310
I don't know.

1236
01:28:16,431 --> 01:28:17,971
Maybe because shit is getting wild.

1237
01:28:17,971 --> 01:28:22,911
What happened in 2012 is Bitcoin actually achieved full decentralization and it couldn't be stopped.

1238
01:28:23,150 --> 01:28:23,551
There you go.

1239
01:28:23,851 --> 01:28:24,431
That was when.

1240
01:28:25,190 --> 01:28:27,971
Max Kaiser said it became sentient at block 300,000.

1241
01:28:28,291 --> 01:28:30,770
So that would probably line up.

1242
01:28:30,911 --> 01:28:31,431
We should check.

1243
01:28:31,531 --> 01:28:31,891
Somebody should.

1244
01:28:33,491 --> 01:28:40,411
How dark do you think things get in the near term versus like I think we're all the opinion that things will get better in the long term.

1245
01:28:40,471 --> 01:28:41,730
How dark do you think things get?

1246
01:28:42,391 --> 01:28:44,471
Not to be a downer, but like how dark?

1247
01:28:44,810 --> 01:28:45,971
I'll take this one.

1248
01:28:45,971 --> 01:28:56,071
And so, I mean, my heuristic here for a while and still has been that both political sides in America are in what I call the race to Hitler.

1249
01:28:56,371 --> 01:29:01,931
Right. And, you know, essentially that you have to do a Hitler because you think the other side is going to do a Hitler.

1250
01:29:01,931 --> 01:29:04,991
So you got to put in your own Hitler before they do a Hitler. Right.

1251
01:29:05,511 --> 01:29:14,091
And that's sort of where we're at. And when you look at like a lot of the extreme political beliefs coming out of younger people,

1252
01:29:14,091 --> 01:29:16,891
people are in a win or die predicament.

1253
01:29:17,270 --> 01:29:19,291
That's how extreme the politics have gotten.

1254
01:29:19,971 --> 01:29:21,931
So it's not this sort of thing where,

1255
01:29:23,051 --> 01:29:24,230
you know, oh yeah, well,

1256
01:29:25,031 --> 01:29:26,071
you know, Bob's a Democrat,

1257
01:29:26,331 --> 01:29:27,171
but he's a good guy.

1258
01:29:27,371 --> 01:29:28,551
We have Bruce, you know,

1259
01:29:28,571 --> 01:29:29,650
every now and then, whatever.

1260
01:29:30,071 --> 01:29:31,251
It's not like that anymore.

1261
01:29:31,431 --> 01:29:33,810
Like there's this thin veneer of trade

1262
01:29:33,810 --> 01:29:35,730
keeping our civilization together.

1263
01:29:35,730 --> 01:29:38,471
So the economy is the only thing

1264
01:29:38,471 --> 01:29:39,431
keeping us together.

1265
01:29:40,730 --> 01:29:41,851
Democrats and Republicans

1266
01:29:41,851 --> 01:29:43,631
are living in entirely different spheres.

1267
01:29:44,091 --> 01:29:53,051
where they actually despise each other and believe that the other one has nothing but malintent in their heart for them and their country, right?

1268
01:29:53,471 --> 01:30:04,431
And so when the thin veneer of trade goes away, when there is some sort of a crisis, monetary crisis, I don't think we're in for anything good.

1269
01:30:04,431 --> 01:30:07,650
I think we're in for, you know, a Caesar.

1270
01:30:08,011 --> 01:30:10,291
I think we're in for a Hitler.

1271
01:30:10,451 --> 01:30:11,551
I think we're in for a Stalin.

1272
01:30:11,551 --> 01:30:20,551
I don't know what the flavoring of authoritarian ship is or totalitarianism is, but I think we get an American totalitarian.

1273
01:30:21,331 --> 01:30:27,270
Now, the benevolent version is a Caesar and, you know, the malevolent versions are Stalin or Hitler or whatever.

1274
01:30:27,730 --> 01:30:40,711
But like it seems that fascism, communism in some form is desperate to be tried in America and that younger people don't believe in the political systems or the institutions that they're being left.

1275
01:30:40,711 --> 01:30:54,171
And so they're going to jettison them. And in many cases, like I said, they're already dead. So this idea of like what comes next, American fascism or American anarchy, I think you get both potentially simultaneously.

1276
01:30:54,171 --> 01:31:02,711
and the winning move if you're you know an american is sort of to make it through make it

1277
01:31:02,711 --> 01:31:09,251
through relatively unscathed like you won't be able to turn the the volume to zero but maybe you

1278
01:31:09,251 --> 01:31:15,610
can turn it to five if you you know guard your time attention energy well and are in a physical

1279
01:31:15,610 --> 01:31:21,371
space that allows you to do so meaning you got to move to montana and turn off your phone like that's

1280
01:31:21,371 --> 01:31:23,270
That's the simple version of the story.

1281
01:31:23,971 --> 01:31:27,511
So, listen, I don't want to prognosticate any of this.

1282
01:31:27,650 --> 01:31:29,571
These are things I don't want to say.

1283
01:31:29,871 --> 01:31:31,831
These are things I think and think.

1284
01:31:32,150 --> 01:31:33,411
I don't want to say these out loud.

1285
01:31:33,851 --> 01:31:38,690
But I'm saying them out loud because maybe somebody can hear them and figure out, like,

1286
01:31:38,871 --> 01:31:42,211
ah, shit, Hoddle might actually be right, and this might actually happen,

1287
01:31:42,591 --> 01:31:45,770
and I should actually take steps to protect myself from what's coming.

1288
01:31:46,230 --> 01:31:48,690
Because it just doesn't seem like anything good is coming, man.

1289
01:31:48,690 --> 01:31:54,371
And when you talk about all the cycles unfolding, I mean, the debt cycle that Ray Dalio talks about is a big one.

1290
01:31:54,371 --> 01:32:05,730
Like we are in the unwind of the debt cycle and in the unwind of the debt cycle, like, you know, politics gets hyper partisan and then people do violence against each other.

1291
01:32:06,051 --> 01:32:07,431
Like that's what happens.

1292
01:32:07,431 --> 01:32:26,190
So long term, medium long term, like Eric's idea of what I'm going to call the Mr. Potato Head political economy where we take a little piece of communism and a little piece of fascism and a little piece of anarchism and we stick them all together on a potato head that looks like Greg Zash.

1293
01:32:26,190 --> 01:32:27,071
Shout out, Greg Zag.

1294
01:32:27,610 --> 01:32:39,150
I think that is preferred and that is the world that we should strive to create as Bitcoiners where we don't join the chaos.

1295
01:32:39,251 --> 01:32:41,911
It's like back to the thing I was talking about, about us being capital allocators.

1296
01:32:42,131 --> 01:32:45,230
Like do your best not to join in on the chaos of the day.

1297
01:32:45,730 --> 01:32:53,690
Do your best to make it through unscathed and to be able to pick up the pieces, you know, when everything is ready to be rebuilt.

1298
01:32:54,031 --> 01:32:55,851
Like we're not really in a rebuilding time.

1299
01:32:55,851 --> 01:32:58,610
We're kind of in a time where people are tearing things down.

1300
01:32:59,091 --> 01:33:02,631
But there will be, you know, we will come out on the other side.

1301
01:33:02,711 --> 01:33:03,791
Like the world never ends.

1302
01:33:04,071 --> 01:33:06,411
Every generation thinks the world is going to end because they're going to die.

1303
01:33:06,711 --> 01:33:07,751
The boomers think that now.

1304
01:33:07,991 --> 01:33:12,270
When you talk to boomers, you get a lot of doomerism coming out of them because their lives are ending.

1305
01:33:12,591 --> 01:33:14,671
10, 15 years from now, the world is over for them.

1306
01:33:14,770 --> 01:33:15,751
Like it all goes black.

1307
01:33:15,991 --> 01:33:18,331
And then, you know, you probably go to hell, most of you.

1308
01:33:18,451 --> 01:33:18,931
I'm just kidding.

1309
01:33:20,610 --> 01:33:21,150
I'm not.

1310
01:33:21,911 --> 01:33:25,690
But like it's not – I fucking hate you, boomers.

1311
01:33:25,690 --> 01:33:33,190
Anyway, nothing is permanent.

1312
01:33:33,411 --> 01:33:34,150
Everything is temporary.

1313
01:33:34,371 --> 01:33:35,251
Everything is cyclical.

1314
01:33:35,911 --> 01:33:37,051
Everything transforms.

1315
01:33:37,971 --> 01:33:46,551
And like Eric said, the neoliberal world order, which basically is a cover story for the largest theft ever known to mankind.

1316
01:33:47,551 --> 01:33:55,190
They're stealing from every human being on earth every time they hit the print button on the fiat central bank computer.

1317
01:33:55,690 --> 01:33:59,931
that is coming to an end because people just simply can't stand it anymore.

1318
01:34:00,110 --> 01:34:04,171
It has reached its inevitable conclusion or it's very near its inevitable end

1319
01:34:04,171 --> 01:34:04,471
state.

1320
01:34:04,891 --> 01:34:07,831
And I just don't think it's going to go on for that much longer,

1321
01:34:07,931 --> 01:34:08,351
you know,

1322
01:34:08,491 --> 01:34:10,690
especially once the boomers are gone because they're the only ones who are

1323
01:34:10,690 --> 01:34:11,471
deeply in love with it.

1324
01:34:11,531 --> 01:34:12,471
Everybody else is like,

1325
01:34:13,091 --> 01:34:13,431
fuck it.

1326
01:34:13,471 --> 01:34:14,031
Who needs it?

1327
01:34:14,131 --> 01:34:14,351
You know,

1328
01:34:15,171 --> 01:34:17,810
I forgot a cycle guys.

1329
01:34:17,810 --> 01:34:20,911
I just have to say also Polybius is an a cyclosis.

1330
01:34:21,270 --> 01:34:23,150
We're nearing the aglocracy stage,

1331
01:34:23,150 --> 01:34:29,471
which is a fancy word for mob rule which comes after democracy so sorry i just i needed to throw

1332
01:34:29,471 --> 01:34:33,230
case and go ahead but i needed to throw the other cycle in there that i forgot shout out to polybius

1333
01:34:33,230 --> 01:34:39,371
you've been dead for a few thousand years but you're a homie good good homie um i mean there's

1334
01:34:39,371 --> 01:34:45,751
like a few distinct outcomes that we get uh one is like essentially like extreme right-wingism

1335
01:34:45,751 --> 01:34:51,431
which like manifests as like a form of nazism and uh like reactionary hitlerism which like there's

1336
01:34:51,431 --> 01:34:56,891
there's like a pretty good opportunity for that uh same thing like we can have highly reactionary

1337
01:34:56,891 --> 01:35:02,230
left-wingism uh i remember like a decade ago when i was like tripping my fucking face off at burning

1338
01:35:02,230 --> 01:35:08,270
man i had this like whole vision of uh like a form of essentially like youth communism where it's

1339
01:35:08,270 --> 01:35:12,810
like essentially like everyone under 30 gets to like select a house they want and just like kill

1340
01:35:12,810 --> 01:35:16,351
the boomers that are in that like totally legitimate like you just get to murder those

1341
01:35:16,351 --> 01:35:20,270
people and take their shit yeah like fuck them like they contribute to the fact that you don't

1342
01:35:20,270 --> 01:35:24,251
get a home so pick the one out you like and fucking kill the family that lives there like

1343
01:35:24,251 --> 01:35:30,711
totally kosher red guard's gonna protect you it's great um so like those are two extremely dark

1344
01:35:30,711 --> 01:35:37,190
outcomes uh another one is like we get what we have today right now but essentially like the

1345
01:35:37,190 --> 01:35:42,131
elites that are like part of and it's kind of interesting because like in this there's like a

1346
01:35:42,131 --> 01:35:47,051
very interesting sort of civil war that's going on between like teal palantir network and like

1347
01:35:47,051 --> 01:35:50,291
some of like, and it's like the new tech money

1348
01:35:50,291 --> 01:35:55,551
versus like the old, like inflationary oligopolism money.

1349
01:35:55,551 --> 01:35:59,211
So like they're in their own little war to teal Palantirism,

1350
01:35:59,211 --> 01:36:01,511
like, like wins that war if they do that.

1351
01:36:02,650 --> 01:36:05,051
Or there's actually like a third way that can be like a,

1352
01:36:05,351 --> 01:36:16,456
like a pretty interesting like middle of the road orange party Bitcoin or thing But it means like we have to actually get our shit together organized in a meaningful way i don know if i want to do that that like

1353
01:36:16,456 --> 01:36:20,236
a lot of time and effort and energy and there's like a lot you guys would have to run you're top

1354
01:36:20,236 --> 01:36:24,796
of the ticket come on right well it's not even running it's like it's like maybe doing that as

1355
01:36:24,796 --> 01:36:29,096
like a lampoonie kind of thing but it's actually like building out like a new political movement

1356
01:36:29,096 --> 01:36:34,136
that's like look like owning bitcoin is politics now like when yeah like one of the things i love

1357
01:36:34,136 --> 01:36:38,316
doing in San Francisco is when people are like, oh, like, how do you vote? I'm like, I don't vote.

1358
01:36:38,316 --> 01:36:42,716
Like, you actually believe that makes a difference? Like, how could you not vote? I'm like, please

1359
01:36:42,716 --> 01:36:47,816
tell me who I vote for that doesn't murder the brown people. Like, please tell me, like, is it

1360
01:36:48,736 --> 01:36:53,536
like neither the blue or red people won't kill the brown people? Like, I thought you were liberal

1361
01:36:53,536 --> 01:36:57,796
and like gave a shit about the brown people. But like, you elect people that murder the brown

1362
01:36:57,796 --> 01:37:02,056
people too? Like, oh my God. And they're like, well, don't you care about climate change?

1363
01:37:02,056 --> 01:37:07,576
and i'm like well yeah and like that's explicitly why i won't vote is because neither of them like

1364
01:37:07,576 --> 01:37:12,016
and the u.s war machine which like contributes the most to carbon in the world and like it's

1365
01:37:12,016 --> 01:37:15,956
creating the greatest amount of climate change like don't you love the environment so like why

1366
01:37:15,956 --> 01:37:20,656
are you voting for people that continue to give money to the war machine that's really weird i

1367
01:37:20,656 --> 01:37:28,096
thought you cared about people huh um called the petrodollar petra it's right there in the name

1368
01:37:28,096 --> 01:37:34,556
see like come on guys you gotta get this i'm afraid the truth is that like bitcoiners actually

1369
01:37:34,556 --> 01:37:38,636
have to get our shit together and like do that because i don't see there being any other class

1370
01:37:38,636 --> 01:37:42,256
and the other thing that's way more important that like i always try to point out to people

1371
01:37:42,256 --> 01:37:47,536
that is like very inflammatory and they don't like is that like i am inherently freer than like you

1372
01:37:47,536 --> 01:37:53,796
are because like i don't rely on my bank account for money and you do like ergo like there's somebody

1373
01:37:53,796 --> 01:37:58,456
that can be like, you can't have your money now. And there isn't somebody that does that to me.

1374
01:37:58,836 --> 01:38:05,496
So like, I can say inflammatory stuff that like, Donald Trump has obviously raped children on Epstein

1375
01:38:05,496 --> 01:38:10,396
Island, which is why the Epstein files weren't released, because like, he likes to fuck underage

1376
01:38:10,396 --> 01:38:15,596
girls. Like, that's true. And like, to be fair, though, he's just maintaining political tradition

1377
01:38:15,596 --> 01:38:20,076
of the presidency. You know, like, we all know, going all the way back to Clinton, that like,

1378
01:38:20,136 --> 01:38:23,396
if you're going to be president of the United States, you have to rape underage children,

1379
01:38:23,396 --> 01:38:25,356
Like that's just part of the game.

1380
01:38:25,596 --> 01:38:26,096
Sorry, guys.

1381
01:38:26,336 --> 01:38:29,076
This is getting banned from YouTube so fast.

1382
01:38:29,736 --> 01:38:30,736
That's always the call.

1383
01:38:31,356 --> 01:38:31,636
I know.

1384
01:38:32,956 --> 01:38:38,116
You know, and like that's always why I come back to people being like, look, like I'm sorry that you thought Trump was the Messiah.

1385
01:38:38,556 --> 01:38:42,376
Like if the Messiah is raping little children, I'm not sure how much I want to be saved by them.

1386
01:38:42,496 --> 01:38:45,036
But that's something we should think about.

1387
01:38:46,416 --> 01:38:48,356
There's my poll quote right there for the episode.

1388
01:38:50,556 --> 01:38:51,456
That's going to be great.

1389
01:38:51,456 --> 01:38:55,296
so like it's really kind of a question for us

1390
01:38:55,296 --> 01:38:58,516
and like again like Bitcoiners are sort of the reigning champions

1391
01:38:58,516 --> 01:39:00,516
irregardless of the 21st century

1392
01:39:00,516 --> 01:39:03,936
which also it's kind of ironic that's the 21st century

1393
01:39:03,936 --> 01:39:05,596
where we have these 21 million Bitcoins

1394
01:39:05,596 --> 01:39:06,776
that sort of determine an outcome

1395
01:39:06,776 --> 01:39:08,396
I don't know weird stuff

1396
01:39:08,396 --> 01:39:11,056
but with that being said like

1397
01:39:11,056 --> 01:39:13,516
I him and ha about it a lot

1398
01:39:13,516 --> 01:39:14,936
it seems like it'd be pretty great

1399
01:39:14,936 --> 01:39:17,136
but like I gotta have like a good crew of people around me

1400
01:39:17,136 --> 01:39:18,316
that are like encouraging me

1401
01:39:18,316 --> 01:39:20,256
and like wanting all of this success

1402
01:39:20,256 --> 01:39:26,376
uh and like i do really want it too it's just like it's a lot of effort and time and sacrifice

1403
01:39:26,376 --> 01:39:30,696
and like there's like a lot of personal focus that comes in on it but like i'm not sure i'm

1404
01:39:30,696 --> 01:39:34,936
prepared for are we talking about youtube being like running on the same ticket is that we're

1405
01:39:34,936 --> 01:39:38,616
talking about still let's because i love about both you guys is neither of you are on epstein's

1406
01:39:38,616 --> 01:39:44,476
list and i know that like with certainty i don't know that about i did i did go to that party at

1407
01:39:44,476 --> 01:39:49,556
michael saylor's house though so who knows what list yeah one might be i don't just kidding but

1408
01:39:49,556 --> 01:39:55,616
that listen bro it's a nice party i don't want to run for president but i will okay don't fucking

1409
01:39:55,616 --> 01:40:01,796
make me do it don't make me do it i know i know you both will i have this very like george washington

1410
01:40:01,796 --> 01:40:06,916
esque sense where like if the people demanded i would be president then i would just be like well

1411
01:40:06,916 --> 01:40:12,276
now i have to be president you know like fucking i don't want to be but like i would do it if

1412
01:40:12,276 --> 01:40:17,056
demanded you know i can handle a john adams kind of roll i'm okay with that

1413
01:40:17,056 --> 01:40:24,836
i mean like the the thing that kind of sucks that the truth is is that like uh and this is one of

1414
01:40:24,836 --> 01:40:28,996
the ones that hurts the most is like our parents completely fucking betrayed us top to bottom

1415
01:40:28,996 --> 01:40:33,436
it's one of the reasons we can't have conversations about this because like the truth is that they're

1416
01:40:33,436 --> 01:40:39,896
100 to blame for all the bad shit that happened they constantly try to be like what was like what

1417
01:40:39,896 --> 01:40:43,316
you're supposed to do is you're supposed to say fucking no like you were actually supposed to

1418
01:40:43,316 --> 01:40:48,136
continue to resist. And they're like, but we protested in 78 at the Democratic Convention.

1419
01:40:48,256 --> 01:40:52,456
It's like, great. Like now you pick up arms and you actually have a full on rebellion. Like,

1420
01:40:52,476 --> 01:40:56,156
I'm sorry. It's like not a nice answer, but like, that's what you were supposed to do.

1421
01:40:56,196 --> 01:41:00,316
But you know what you did instead? You took the money and you decided that you were going to get

1422
01:41:00,316 --> 01:41:04,796
a house at a cheap rate and buy it up and watch everything inflate to high heaven and play this

1423
01:41:04,796 --> 01:41:10,456
fucking game. And yeah, it's just, it's really sad and painful, but I think that that's part of

1424
01:41:10,456 --> 01:41:15,476
the political concourse that we're in is like, I'm pretty sure in 1762, people were like, hey,

1425
01:41:15,576 --> 01:41:20,956
the king's totally fucking us. Like we're supposed to have representation when we're taxed. And like,

1426
01:41:21,236 --> 01:41:25,336
they don't even give us a fucking representative in parliament. Like, what are we supposed to do?

1427
01:41:25,396 --> 01:41:30,596
Like, we love the king. We want to be part of the British empire. But like, we also don't want

1428
01:41:30,596 --> 01:41:34,756
to get taxed out of the fucking wazoo. Cause like, can you believe it? They're trying to take

1429
01:41:34,756 --> 01:41:42,656
three percent three goddamn percent of the tea that we're drinking those motherfucking pieces

1430
01:41:42,656 --> 01:41:50,036
of shit are stealing three percent of our income meanwhile like we're like lubing up our assholes

1431
01:41:50,036 --> 01:41:58,276
here that we can get two fifths and we're like 45 baby like let's go it's in it's genuinely insane

1432
01:41:58,276 --> 01:42:04,196
like it it's actually nuts when you think about it's like so i work like basically 50 percent of

1433
01:42:04,196 --> 01:42:09,196
my time like essentially basically essentially half my time we we let's roll all the taxes in

1434
01:42:09,196 --> 01:42:19,036
together right basically 50 of my life's blood my blood sweat and tears my energy just goes right to

1435
01:42:19,036 --> 01:42:26,796
the government who does what with it builds builds roads i live in illinois like you ever driven on

1436
01:42:26,796 --> 01:42:32,116
the roads in illinois you ever driven the roads in chicago they're like they're very bad they're

1437
01:42:32,116 --> 01:42:39,256
just all always potholes like everywhere always non-stop like it is insane it's like no the

1438
01:42:39,256 --> 01:42:43,376
government doesn't fucking build the road from the roman empire that like still exists but like

1439
01:42:43,376 --> 01:42:48,416
it's usually within three years that we have to like repave the asphalt so like even if the

1440
01:42:48,416 --> 01:42:52,696
government is building the roads they're like really really really fucking bad at it which

1441
01:42:52,696 --> 01:42:58,196
was like another heuristic we should probably discuss but at the end of the day like um

1442
01:42:58,196 --> 01:43:05,236
the sad truth is is that like yeah like the money isn't going to the road it's like going to like

1443
01:43:05,236 --> 01:43:09,836
like help murder brown people and like choose your jurisdiction like there's totally white

1444
01:43:09,836 --> 01:43:14,696
people that are murdered too by our weapons like sure it turns out that we're equal opportunities

1445
01:43:14,696 --> 01:43:20,376
in russia destroyers of humans yeah yeah yeah we really were equal equal opportunity murderers um

1446
01:43:20,376 --> 01:43:27,156
it's it's it's like DEI you know like our bomb our bombs don't don't our bombs are colorblind

1447
01:43:27,156 --> 01:43:29,936
Really, like they'll just they'll they'll blow you up no matter what.

1448
01:43:30,616 --> 01:43:32,376
Yeah, whoever's going to make money from it, it's OK.

1449
01:43:34,116 --> 01:43:41,736
And like the honest truth is, like, I don't know how sincere dialogue happens like this, but I also know like the only because like Elon Musk had his whole thing for a while.

1450
01:43:41,796 --> 01:43:43,316
Like, we're going to do the America Party.

1451
01:43:43,416 --> 01:43:49,516
But like, let's be fair, like he's part of this network in various ways and capacities, whether or not he likes it.

1452
01:43:50,396 --> 01:43:53,076
And at the end of the day, like it has to be a grassroots movement.

1453
01:43:53,076 --> 01:44:00,016
It has to be Bitcoiners because unless the relationship between state money is broken, like there can't be a fundamental political change.

1454
01:44:00,576 --> 01:44:03,936
And like fiat is the true communism of the 20th century.

1455
01:44:04,216 --> 01:44:05,696
Like that's why it's a global thing.

1456
01:44:05,816 --> 01:44:07,196
That's why it's happened everywhere.

1457
01:44:07,696 --> 01:44:12,956
That's why every single fucking military on the planet is literally financed through these fiat means.

1458
01:44:13,696 --> 01:44:21,756
Like there's like nowhere on earth where people are like, yeah, yeah, let's give 30 percent of our GDP to the to the military.

1459
01:44:21,756 --> 01:44:33,236
Like, yeah, that's a great idea. Like nowhere did anybody ever make that agreement, which also like that's the really beautiful thing, in my opinion, is that like what we're talking about isn't batshit crazy stuff.

1460
01:44:33,236 --> 01:44:52,336
Like, in fact, like 90 percent of humanity is in total agreement with us. And now we have this great thing called the Internet and we have this great way to communicate called Noster. We're like, we can do that in a censorship resistant way that like there's an actual possibility that we could save the world from the global panopticon and totalitarianism that's coming.

1461
01:44:52,336 --> 01:44:56,616
but that's going to demand a lot of effort and sacrifice in a way that's different.

1462
01:44:56,616 --> 01:45:01,356
And to be clear, George Washington, who's obviously the greatest fucking man who ever lived,

1463
01:45:01,456 --> 01:45:05,316
which was validated by the most powerful man who ever lived at the time, King George III,

1464
01:45:06,136 --> 01:45:11,396
like he made massive sacrifices where like he lost his only fucking child.

1465
01:45:11,696 --> 01:45:14,156
He lost his farm. He lost most of his fortune.

1466
01:45:14,296 --> 01:45:19,056
Like there was a lot of really bad shit that happened to George Washington and he still made it happen.

1467
01:45:19,056 --> 01:45:27,376
And for any fuck out there who's like, well, George Washington, no, like George Washington pretty much single fucking handedly decided that the American Revolution was going to happen.

1468
01:45:27,476 --> 01:45:36,156
And like read into like how Valley Forge played out and like why he was such an essential piece to like making sure that the entire Continental Army didn't collapse.

1469
01:45:36,776 --> 01:45:40,316
But with that being said, like, I think there's an opportunity.

1470
01:45:40,956 --> 01:45:42,416
I'd like to participate in it.

1471
01:45:42,416 --> 01:45:45,256
I have trepidations and hesitations about it

1472
01:45:45,256 --> 01:45:47,336
because, you know, like, murdering me and shit

1473
01:45:47,336 --> 01:45:49,076
for that reason would be, like, a pretty good idea.

1474
01:45:49,276 --> 01:45:51,076
But anyways, ah, fuck it.

1475
01:45:51,176 --> 01:45:52,716
Like, we only got one life to live, right?

1476
01:45:52,856 --> 01:45:53,796
So, uh, YOLO.

1477
01:45:53,796 --> 01:45:54,616
We're gonna die anyway.

1478
01:45:55,556 --> 01:45:56,876
We're gonna fucking die anyway.

1479
01:45:57,496 --> 01:45:59,536
And also, like, the contemplation of that death is important.

1480
01:45:59,736 --> 01:46:02,296
And it would be pretty badass if in, like, 2040...

1481
01:46:02,296 --> 01:46:02,896
Super badass.

1482
01:46:03,696 --> 01:46:05,736
Yeah, if in, like, the 25th century,

1483
01:46:05,856 --> 01:46:07,396
like, my great-great-great-great-grandkids

1484
01:46:07,396 --> 01:46:09,136
were, like, still riding on the coattails

1485
01:46:09,136 --> 01:46:10,496
of, like, the case in Family Day

1486
01:46:10,496 --> 01:46:12,436
being super corrupt douchebags that all

1487
01:46:12,436 --> 01:46:14,476
needed to get their heads chopped off and hand our lineage.

1488
01:46:14,816 --> 01:46:15,956
But like, it is

1489
01:46:15,956 --> 01:46:18,316
an interesting... It was a 30 generation run.

1490
01:46:18,476 --> 01:46:20,396
It wasn't so bad. I've thought about this

1491
01:46:20,396 --> 01:46:22,376
before that if you were to run

1492
01:46:22,376 --> 01:46:24,136
for president, you know,

1493
01:46:24,216 --> 01:46:26,416
or really any high political office,

1494
01:46:26,716 --> 01:46:28,576
you actually, in order to do it correctly,

1495
01:46:29,416 --> 01:46:30,116
have to

1496
01:46:30,116 --> 01:46:32,696
be willing to die.

1497
01:46:33,656 --> 01:46:34,556
It's the only way

1498
01:46:34,556 --> 01:46:35,536
that you can do it correctly.

1499
01:46:35,996 --> 01:46:37,636
If you're not willing to die,

1500
01:46:38,156 --> 01:46:40,476
you're going to be corrupted and co-opted

1501
01:46:40,476 --> 01:46:43,636
almost immediately, first day, right?

1502
01:46:43,736 --> 01:46:44,916
First hour, first minute.

1503
01:46:45,536 --> 01:46:49,256
So it's only somebody who does have the courage

1504
01:46:49,256 --> 01:46:53,256
to step in and say, I will risk my own life.

1505
01:46:53,336 --> 01:46:55,596
I will gamble with my life in order to save.

1506
01:46:56,236 --> 01:46:58,296
And I guess that's probably where the great man theory

1507
01:46:58,296 --> 01:47:00,916
of history comes from is that it's very rare

1508
01:47:00,916 --> 01:47:03,216
that an individual decides to gamble with their life

1509
01:47:03,216 --> 01:47:04,776
for the collective, you know?

1510
01:47:06,536 --> 01:47:08,176
It's very rare, right?

1511
01:47:08,176 --> 01:47:12,176
It happens occasionally, but not that often.

1512
01:47:14,436 --> 01:47:18,316
Man, it's wild too that George Washington was like after all that sacrifice

1513
01:47:18,316 --> 01:47:24,476
and then after emerging victorious and could have very well easily been like,

1514
01:47:24,556 --> 01:47:26,636
yeah, I'll just – maybe I'll just take a few extra terms.

1515
01:47:27,016 --> 01:47:27,556
He was just like, nah.

1516
01:47:29,496 --> 01:47:31,016
Now my time is done.

1517
01:47:32,216 --> 01:47:35,676
Like that – in my mind, like that's what cements him, right,

1518
01:47:35,676 --> 01:47:42,876
as like a truly like the ability to step away but then it's like also like in the modern context

1519
01:47:42,876 --> 01:47:49,436
it's like maybe you don't want to step away like i don't i don't even know there was a there was

1520
01:47:49,436 --> 01:47:53,436
an american painter we're only i don't even know if i'm gonna get into this next part so you hold

1521
01:47:53,436 --> 01:47:59,136
you you do it huddle excuse me jesus i'm so sorry i was gonna say there was an american painter in

1522
01:47:59,136 --> 01:48:04,916
london i can't remember his name but you know he was painting in the palace and uh king george

1523
01:48:04,916 --> 01:48:07,156
asked him what George Washington would do

1524
01:48:07,156 --> 01:48:08,996
after the war was over

1525
01:48:08,996 --> 01:48:10,276
now that the war was concluding

1526
01:48:10,276 --> 01:48:12,896
and the painter said

1527
01:48:12,896 --> 01:48:14,456
I'm hearing

1528
01:48:14,456 --> 01:48:16,836
a tale that he'll go home

1529
01:48:16,836 --> 01:48:18,316
to his farm and

1530
01:48:18,316 --> 01:48:20,556
tend to his affairs there

1531
01:48:20,556 --> 01:48:22,936
and King George said

1532
01:48:22,936 --> 01:48:24,536
if he does that he will become

1533
01:48:24,536 --> 01:48:26,416
the greatest person in history

1534
01:48:26,416 --> 01:48:28,456
and then he did it

1535
01:48:28,456 --> 01:48:28,876
you know

1536
01:48:28,876 --> 01:48:31,656
you're fucking badass

1537
01:48:31,656 --> 01:48:34,196
I mean like I think the truth is

1538
01:48:34,196 --> 01:48:40,676
that like uh men of dignity and courage like understand like that that's like the thing that

1539
01:48:40,676 --> 01:48:46,796
you do to like achieve that and like i think it's really interesting like they're in contemporary

1540
01:48:46,796 --> 01:48:52,356
dialogue the idea of what glory is is completely extinct like there there's no conversation

1541
01:48:52,356 --> 01:48:58,616
whatsoever about doing something glorious and like it's like a very weird terminology to bring

1542
01:48:58,616 --> 01:49:03,856
up but it's really interesting that it actually does still exist and like uh like people who are

1543
01:49:03,856 --> 01:49:08,756
trying to like beat extreme sports records or other things they're like truly entering into

1544
01:49:08,756 --> 01:49:14,056
like doing a glorious thing in order to like make that level of achievement but it's not discussed

1545
01:49:14,056 --> 01:49:20,976
in that way and so like glory is actually that's very real feature that also like if you like it's

1546
01:49:20,976 --> 01:49:25,356
really interesting if you actually read about the american revolution the people who participated in

1547
01:49:25,356 --> 01:49:31,956
it and also pretty much all wars before the 20th century like glory was actually a primary component

1548
01:49:31,956 --> 01:49:37,596
of their motivation for the engagement in it and that's just like not even anywhere in the dialogue

1549
01:49:37,596 --> 01:49:43,996
now there are only three reasons for war really is it's or you know in in antiquity and it's god

1550
01:49:43,996 --> 01:49:50,776
gold or glory or some combination of of all three right and that and now in a fiat forever war

1551
01:49:50,776 --> 01:49:56,456
context that's been completely lost well it's funny i i have like another essay or book or

1552
01:49:56,456 --> 01:50:00,756
whatever you want to call that i've worked on that like essentially since the civil war uh that like

1553
01:50:00,756 --> 01:50:07,316
war itself is this thing that is unrelational to classic war that like it's just like a module of

1554
01:50:07,316 --> 01:50:11,656
murder for money but also like it's something that is self-perpetuating and that like that's

1555
01:50:11,656 --> 01:50:16,996
the only feature it has and that like there is no winning at all and Hannah Arden has this really

1556
01:50:16,996 --> 01:50:22,716
interesting uh essay where she talks about like the like what the nuclear age implemented was this

1557
01:50:22,716 --> 01:50:28,056
idea of like the the total eradication of all people within a certain sphere and like it can't

1558
01:50:28,056 --> 01:50:33,816
ever be occupied again for hundreds of years. Like that's a very specialized form of insanity

1559
01:50:33,816 --> 01:50:39,496
that like there's no winning at all in that. It's just something different. And this also goes to

1560
01:50:39,496 --> 01:50:44,936
the heuristics of like what the Vietnam War was, is that like, because of the way that the partisan

1561
01:50:44,936 --> 01:50:49,836
and the general population blended into each other, like we didn't have a heuristic of like,

1562
01:50:49,896 --> 01:50:54,196
if we're winning or not, other than just like pure body count, which like obviously is something

1563
01:50:54,196 --> 01:50:56,316
that is unrelational to war on a whole.

1564
01:50:57,116 --> 01:50:58,716
But it goes to speak to like,

1565
01:50:59,236 --> 01:51:01,136
literally like what we're in now

1566
01:51:01,136 --> 01:51:03,816
is like when we speak about infinite wars,

1567
01:51:03,996 --> 01:51:07,116
like it's not actually even relational to war.

1568
01:51:07,216 --> 01:51:10,056
It's just like this gigantic murderous thing

1569
01:51:10,056 --> 01:51:11,976
of like literally like bodies for money,

1570
01:51:12,336 --> 01:51:15,096
which is like a pretty sickening thing on a whole.

1571
01:51:15,616 --> 01:51:16,356
And again, to be clear,

1572
01:51:16,436 --> 01:51:17,956
like that's the fundamental substrate

1573
01:51:17,956 --> 01:51:20,776
of like how the global world order works.

1574
01:51:22,036 --> 01:51:23,296
And it's funny because like,

1575
01:51:23,296 --> 01:51:28,896
I feel a lot of pity for liberals because like I feel like their heart is in the right place and they want the right thing.

1576
01:51:29,236 --> 01:51:39,236
But like they're they're a little bit like the Tin Man or like the is the Scarecrow or the Tin Man, the one without a brain but a heart like they have the heart but not the brain.

1577
01:51:40,016 --> 01:51:40,156
Yeah.

1578
01:51:40,396 --> 01:51:42,856
The wait, the Scarecrow has no brain.

1579
01:51:42,996 --> 01:51:44,476
The Tin Man has no heart.

1580
01:51:44,596 --> 01:51:44,796
Right.

1581
01:51:45,116 --> 01:51:45,276
Yeah.

1582
01:51:45,336 --> 01:51:45,516
Right.

1583
01:51:45,636 --> 01:51:45,836
OK.

1584
01:51:46,436 --> 01:51:46,636
Yeah.

1585
01:51:46,636 --> 01:51:49,636
So, yeah, like the that kind of makes sense because the Tin Man is like a soldier.

1586
01:51:49,836 --> 01:51:50,276
OK.

1587
01:51:50,276 --> 01:52:19,956
Okay. Anyways, like they're like, I like where their heart is, but they're not thinking at all about it. And like, that's the thing I really love glitching liberals out on is like, like, like, I feel you like, like people like brown people shouldn't be murdered. But like, let's, let's observe the heuristics of like how that is happening. And like, let's be clear that like, it's because we have this giant war machine that's financed explicitly by like you paying taxes and like being like a good, a good little citizen that's like gonna do that.

1588
01:52:20,276 --> 01:52:29,336
And like is willing to be like, oh, like now that my blue people were elected and like they are going to give us some sort of social program here that like that is now appropriate.

1589
01:52:31,436 --> 01:52:40,056
So, yeah, like I hope there's like some great plebearian out there who's like, I'm going to build the orange party and like run with this fucking like wholeheart to you.

1590
01:52:40,176 --> 01:52:40,956
Totally support.

1591
01:52:41,256 --> 01:52:43,856
If you want to like rope our asses in somehow you can.

1592
01:52:43,956 --> 01:52:48,196
But like you're you're probably going to have to be like a self-sovereign bitcoiner in some way.

1593
01:52:48,196 --> 01:52:51,876
because also like i think that's the i think that's the lower bound threshold is that like

1594
01:52:51,876 --> 01:52:56,076
you have to be self-sovereign with your wealth through bitcoin to do this because like to be

1595
01:52:56,076 --> 01:53:00,956
clear like once any contraction happens at all like the powers that be will freak out and like

1596
01:53:00,956 --> 01:53:04,296
ending your bank account is the first thing like isn't that what they did with the fuentes they

1597
01:53:04,296 --> 01:53:09,636
like ended bank accounts they made it got debanked all the great all the gripers all his followers

1598
01:53:09,636 --> 01:53:16,656
got debanked kanye got debanked you know yeah and it's wild to me that like these things happen

1599
01:53:16,656 --> 01:53:19,576
and people are like, couldn't happen to me.

1600
01:53:19,836 --> 01:53:21,696
It's like, like, like.

1601
01:53:22,156 --> 01:53:23,096
It happened to anybody?

1602
01:53:23,976 --> 01:53:27,176
Yeah, like, why don't you just like think for yourself?

1603
01:53:27,296 --> 01:53:28,896
By the way, I debanked.

1604
01:53:28,896 --> 01:53:32,576
I debanked myself because there's fucking no money in the bank account.

1605
01:53:34,876 --> 01:53:35,576
My wife.

1606
01:53:35,576 --> 01:53:35,956
Good job.

1607
01:53:36,256 --> 01:53:40,236
My wife keeps being like, do we really have to?

1608
01:53:40,496 --> 01:53:42,976
I've had the card gets declined like two or three times a month.

1609
01:53:43,036 --> 01:53:44,396
I'm like, babe, that's just the way we're living.

1610
01:53:44,616 --> 01:53:44,876
Okay.

1611
01:53:45,356 --> 01:53:46,596
It's opportunity cost, babe.

1612
01:53:46,656 --> 01:53:47,916
All right, you got to understand, babe.

1613
01:53:47,956 --> 01:53:49,236
We can't keep a lot in fiat, babe.

1614
01:53:49,496 --> 01:53:50,336
Can't keep a lot, babe.

1615
01:53:50,396 --> 01:53:51,256
We're in a bull market, babe.

1616
01:53:51,396 --> 01:53:52,356
You know, it's all that.

1617
01:53:52,356 --> 01:53:55,736
Do you still stack as psychopathically as you once did, Hodel?

1618
01:53:55,876 --> 01:53:58,256
Have you ever stopped stacking psychopathically?

1619
01:53:58,776 --> 01:53:59,816
Well, it made it.

1620
01:54:00,136 --> 01:54:03,836
No, I mean, yes, I don't stack psychopathically anymore.

1621
01:54:04,296 --> 01:54:08,536
I had to go further out on the risk curve in order to try and make more Bitcoin.

1622
01:54:08,536 --> 01:54:14,896
And so the way I stack these days is in Bitcoin startups, which are fucking ridiculous.

1623
01:54:14,896 --> 01:54:21,356
Eric knows, they're ridiculously risky. And then, you know, in trying to do treasury company trades

1624
01:54:21,356 --> 01:54:26,516
and things of that nature, which is, you know, are ridiculously risky. And so I've had to go

1625
01:54:26,516 --> 01:54:30,316
much further out on the risk curve in order to try and meaningfully increase my Bitcoin position.

1626
01:54:30,816 --> 01:54:37,916
And after four years of doing this, I can say that I have outperformed Bitcoin. I did the math.

1627
01:54:37,916 --> 01:54:46,216
I did a calculation on this recently by 15%, which is not, no, it's not very much.

1628
01:54:46,216 --> 01:54:47,216
Yeah, it's not a good thing.

1629
01:54:47,596 --> 01:54:47,696
Yeah.

1630
01:54:48,036 --> 01:54:49,056
It's not worth it.

1631
01:54:49,056 --> 01:54:52,796
Because like, bro, all this time and effort, he could have just outperformed Bitcoin.

1632
01:54:53,056 --> 01:54:54,456
My point is that you did it at all.

1633
01:54:54,616 --> 01:54:55,556
Like, what else are you going to do?

1634
01:54:55,636 --> 01:55:04,976
Dude, dude, listen, I'm a privileged insider who knows everybody in Bitcoin who has access to the deals and blah, blah, blah.

1635
01:55:04,976 --> 01:55:06,976
And I was able to do 15%.

1636
01:55:06,976 --> 01:55:09,516
15%. It's not worth it. It's not fucking worth it.

1637
01:55:09,836 --> 01:55:15,476
It's funny. This shit happens to me late at night sometimes where I'm like, oh my God, I have to have an investment plan.

1638
01:55:15,596 --> 01:55:19,756
I have to set up my trust and my 401k. I have to do the whole paranoid schizophrenic thing.

1639
01:55:20,156 --> 01:55:26,376
And I'm like, shut the fuck up. You have the most asymmetric bet in human history on your side.

1640
01:55:26,536 --> 01:55:28,616
Bet you have constantly proven to yourself is right.

1641
01:55:30,176 --> 01:55:34,756
Like even just looking over the last month, we outperformed pretty much everything.

1642
01:55:34,756 --> 01:55:40,936
and the fact that like I do that at a standstill by sitting on my hand like I frequently will wake

1643
01:55:40,936 --> 01:55:44,956
up and be like oh I like like made more money than I did in my normal life than I did before

1644
01:55:44,956 --> 01:55:49,936
by doing nothing like what does that mean which to me it implements a very specific form of nihilism

1645
01:55:49,936 --> 01:55:55,836
of like how retarded this whole world of finances and how wrong it is and what a gigantic scam it's

1646
01:55:55,836 --> 01:55:59,716
very it's very similar to the gold thing like if you look at gold's performance since the year 2000

1647
01:55:59,716 --> 01:56:02,716
It's like outperformed the S&P 500 ridiculously.

1648
01:56:03,176 --> 01:56:12,396
And so it's like you can do that whole insane schizophrenic shell game or you can just like hold a bearer asset for like a long period of time and you like win.

1649
01:56:13,396 --> 01:56:15,756
And it's just I don't know.

1650
01:56:15,756 --> 01:56:29,696
It like fucks with me a lot because it's like what does it mean that the entire financial paradigm that we've created is essentially a fiction where instead of like the like think about the entirety of CNBC and all the financial markets.

1651
01:56:29,716 --> 01:56:41,536
Like all of this shit that's about trying to teach you how to make money can literally just be replaced by the sentence of like, just hold Bitcoin. Like, that's it.

1652
01:56:41,536 --> 01:56:44,856
And I get that like there's a certain level of faith you have to have in that.

1653
01:56:45,136 --> 01:56:55,956
But also like that's where logic comes in is that like you have to be like, I understand that I have feelings and those feelings are trying to influence the outcome of my belief about these things.

1654
01:56:56,236 --> 01:56:58,436
But there's also logic and backtesting.

1655
01:56:58,436 --> 01:57:11,356
And like we can provably say over the last 20 years that gold has outperformed S&P 500, that Bitcoin since its existence has outperformed S&P 500, that the CAGR rate of these things outperforms S&P 500.

1656
01:57:11,596 --> 01:57:14,056
So like maybe we should just do that.

1657
01:57:14,056 --> 01:57:25,276
But I don't want to shit on anybody. Like if you want to engage in your paranoid schizophrenic game that is inherently allowing for this system of systematic abuse to exist like you can.

1658
01:57:26,156 --> 01:57:41,856
But you're participating in all of our general slavery. And so you should maybe think about that, particularly if you're one of these people who wants to come to me and be like, you won't immediately say that Donald Trump is actually literally Hitler and he is implementing the Holocaust right now.

1659
01:57:41,856 --> 01:57:46,216
Like, yeah, I'm not going to say that because I don't think he's literally Hitler.

1660
01:57:46,376 --> 01:57:48,576
I don't think he's principled enough to be a fascist.

1661
01:57:48,776 --> 01:57:56,516
But furthermore, like you actually support a system that does inherently help a genocidal system exist.

1662
01:57:56,736 --> 01:57:59,396
So like that just I don't know.

1663
01:57:59,456 --> 01:58:01,336
Like maybe you should look at that.

1664
01:58:01,536 --> 01:58:02,496
Just a suggestion.

1665
01:58:03,016 --> 01:58:03,896
Just a suggestion.

1666
01:58:03,896 --> 01:58:11,336
The Bible says that you should keep a third of your wealth in gold, a third of your wealth in real estate.

1667
01:58:11,336 --> 01:58:13,716
and a third of your wealth in your business.

1668
01:58:14,416 --> 01:58:17,996
And honestly, that advice is 2,000 years old.

1669
01:58:18,096 --> 01:58:19,596
It's fucking great advice.

1670
01:58:19,736 --> 01:58:22,396
Like if you just replace gold with Bitcoin and you did that,

1671
01:58:22,456 --> 01:58:23,916
you would just be super prosperous.

1672
01:58:24,236 --> 01:58:27,296
Like your FA ain't going to tell you that shit.

1673
01:58:27,536 --> 01:58:29,336
The Bible's got you covered though, dog.

1674
01:58:29,336 --> 01:58:32,376
Like it's just like the simplest things in the world.

1675
01:58:32,616 --> 01:58:36,136
Like the portfolio, you know who outperforms?

1676
01:58:36,316 --> 01:58:38,276
Like which investor group outperforms?

1677
01:58:38,756 --> 01:58:41,116
Dead people because their fucking portfolios

1678
01:58:41,116 --> 01:58:46,336
don't move okay so it's just like doing nothing is the key and that's my whole point is like i

1679
01:58:46,336 --> 01:58:51,476
didn't say i outperformed bitcoin by 15 to be like look at me i'm sophisticated whatever like

1680
01:58:51,476 --> 01:58:59,096
no it's like right no it was not worth my time or effort and i fucking just pissed away a bunch of

1681
01:58:59,096 --> 01:59:05,176
hours i could have otherwise spent doing anything else that i actually enjoyed with my life and the

1682
01:59:05,176 --> 01:59:11,096
extra 15 is is fucking meaningless it's marginal so why did i feel compelled to do it in the first

1683
01:59:11,096 --> 01:59:15,816
place wasted yeah it's like he took all this time and effort to scale Everest when you could just

1684
01:59:15,816 --> 01:59:20,576
like take the escalator right and like I get there's some satisfaction about scaling Everest

1685
01:59:20,576 --> 01:59:25,676
but like the escalator is like I had no satisfaction from this when I did the math

1686
01:59:25,676 --> 01:59:30,756
on how much I had made when I added up the wins and losses I was like this is this sucks fuck this

1687
01:59:30,756 --> 01:59:36,576
why did I even do this you know okay yeah but by the same token we we I think all three of us know

1688
01:59:36,576 --> 01:59:40,016
that you're not doing what you do right now because you're like,

1689
01:59:40,156 --> 01:59:42,376
I'm going to like, this is a purely like,

1690
01:59:42,436 --> 01:59:44,156
I'm going to make as much money as I can thing.

1691
01:59:44,216 --> 01:59:47,916
You're doing this also because you are trying to like invest in companies

1692
01:59:47,916 --> 01:59:48,596
that you believe in,

1693
01:59:48,636 --> 01:59:51,196
even though you know those companies are probably not going to perform

1694
01:59:51,196 --> 01:59:52,456
better than the hurdle rate of Bitcoin.

1695
01:59:52,776 --> 01:59:53,176
Yeah.

1696
01:59:53,636 --> 01:59:55,276
That's the, that's the justification.

1697
01:59:55,816 --> 01:59:59,356
That's the justification you tell yourself as a Bitcoin startup investor.

1698
02:00:00,076 --> 02:00:02,096
You're like, well, it doesn't work out.

1699
02:00:02,176 --> 02:00:03,816
You know, I'm doing it for Bitcoin.

1700
02:00:04,056 --> 02:00:05,056
I'm in it for the tech.

1701
02:00:05,176 --> 02:00:05,916
I'm in it for the tech.

1702
02:00:05,916 --> 02:00:07,536
It's not for the money, it's the tech.

1703
02:00:12,456 --> 02:00:14,376
I've kept you guys here for a while now,

1704
02:00:14,456 --> 02:00:17,076
but I appreciate both of you coming on here.

1705
02:00:17,536 --> 02:00:21,016
These group therapy sessions are always wonderful.

1706
02:00:21,836 --> 02:00:24,116
Is there anything you want to close with to leave people with,

1707
02:00:24,236 --> 02:00:24,896
send people?

1708
02:00:26,136 --> 02:00:28,196
Hodel, you want to show any of your startup investments

1709
02:00:28,196 --> 02:00:29,756
or Casey, you want to show Vora?

1710
02:00:29,756 --> 02:00:35,456
I'm trying to show a Noster business at the end of every,

1711
02:00:35,916 --> 02:00:38,376
The end of every pod I go on for free.

1712
02:00:39,056 --> 02:00:42,216
So check out Oshi on Noster.

1713
02:00:42,516 --> 02:00:44,056
O-S-H-I.

1714
02:00:44,616 --> 02:00:48,796
They have all sorts of yummy dessert things and like nut butter stuff.

1715
02:00:49,296 --> 02:00:50,216
Yeah, it looks good.

1716
02:00:50,356 --> 02:00:51,316
So check out Oshi.

1717
02:00:52,096 --> 02:00:52,976
Nut butter, you say.

1718
02:00:53,156 --> 02:00:54,216
It's a Noster only.

1719
02:00:54,216 --> 02:00:54,776
Yeah, nut butter.

1720
02:00:55,236 --> 02:00:57,096
It's a Noster only business.

1721
02:00:57,416 --> 02:00:59,696
It's a Noster only business, I think.

1722
02:00:59,916 --> 02:01:03,516
And I haven't sampled the product yet, but I'm going to order some.

1723
02:01:03,516 --> 02:01:05,776
Everybody else says it's fucking amazing.

1724
02:01:05,916 --> 02:01:12,876
check it out uh oh she you're gonna sample some nut butter huh yeah let me know how it goes

1725
02:01:12,876 --> 02:01:16,876
this is the topic of your next vlog nut butter it tastes yummy

1726
02:01:16,876 --> 02:01:25,216
all shill um vora vora.io that's like the company that me and jesse posed in our building like we're

1727
02:01:25,216 --> 02:01:28,896
we're essentially trying to build like the unicorn thing that everybody wanted which essentially is

1728
02:01:28,896 --> 02:01:35,576
like a from silicon to software like a fully open source transparent fairs viable computer

1729
02:01:35,576 --> 02:01:38,396
that's going to have like an application layer

1730
02:01:38,396 --> 02:01:41,336
that's going to allow for you to be self-sovereign

1731
02:01:41,336 --> 02:01:43,396
with your Bitcoin in a new and different way

1732
02:01:43,396 --> 02:01:45,556
through a totally new cryptographic protocol

1733
02:01:45,556 --> 02:01:48,856
built on Bitcoin with new authentication factors

1734
02:01:48,856 --> 02:01:53,536
that like Jesse Posner as like the lead senior architect

1735
02:01:53,536 --> 02:01:57,996
at Block and a contributor to like a core dev contributor

1736
02:01:57,996 --> 02:02:01,856
and an individual that has made multiple contributions

1737
02:02:01,856 --> 02:02:03,796
to open source Bitcoin development.

1738
02:02:04,396 --> 02:02:05,276
He's fucking brilliant.

1739
02:02:05,576 --> 02:02:06,596
And my partner.

1740
02:02:07,236 --> 02:02:12,536
But it's kind of funny because as we show this to like a lot of these users, like, whoa, this is like a really big vision.

1741
02:02:12,636 --> 02:02:13,356
Or like, what?

1742
02:02:13,496 --> 02:02:18,036
Like, are you like a small dick little fuck that like, like, I thought that's what you wanted.

1743
02:02:18,136 --> 02:02:19,756
Like, don't you want like big vision?

1744
02:02:19,896 --> 02:02:23,196
Because like, we're giving you an opportunity to invest in a trillion dollar company.

1745
02:02:23,196 --> 02:02:28,256
But you're like, oh, it's too scary to invest a couple hundred thousand dollars.

1746
02:02:28,656 --> 02:02:30,056
Like, that's what you do.

1747
02:02:30,056 --> 02:02:37,416
and like you invested in like all kinds of idiotic shit that's gonna make you like four dollars so

1748
02:02:37,416 --> 02:02:41,976
anyways uh this isn't a public solicitation but like if you're a venture capitalist and like want

1749
02:02:41,976 --> 02:02:48,416
to throw some money at something reach out uh but yeah the other one is is like again we'll revisit

1750
02:02:48,416 --> 02:02:53,356
this in the future when bitcoin's like 150 000 or whatever but just like if you're worried about

1751
02:02:53,356 --> 02:02:57,516
money and that's like a thing that you do and you like have a bunch of fiat you by the way like

1752
02:02:57,516 --> 02:03:01,736
where the fuck are you guys getting fiat money like how do you guys have fiat money like i just

1753
02:03:01,736 --> 02:03:06,796
like i'm like a little suspicious now you guys you're like you're still stacking it's like we're

1754
02:03:06,796 --> 02:03:11,056
with what like did you have more chairs to sell because i thought we like liquidated that shit

1755
02:03:11,056 --> 02:03:19,016
a while ago so like i'm like on to you two um this is my last chair you guys come on although

1756
02:03:19,016 --> 02:03:23,576
like i'm super hypocritical right now like i'm like actually sitting in a chair so like i should

1757
02:03:23,576 --> 02:03:25,136
I should maybe shut the fuck up.

1758
02:03:25,356 --> 02:03:25,756
Disgusting.

1759
02:03:26,016 --> 02:03:27,156
I used to think better.

1760
02:03:27,596 --> 02:03:27,636
Gross.

1761
02:03:28,716 --> 02:03:29,876
Yeah, it's fair.

1762
02:03:30,276 --> 02:03:35,136
If we do the political thing, I have to apologize about the kinky shit that's going to come out about me.

1763
02:03:35,256 --> 02:03:36,936
Nothing illegal, just weird.

1764
02:03:37,196 --> 02:03:37,616
I'm sorry.

1765
02:03:37,756 --> 02:03:38,476
That chair is a Sibian.

1766
02:03:38,676 --> 02:03:39,476
It's actually a Sibian.

1767
02:03:39,696 --> 02:03:39,796
Yeah.

1768
02:03:40,836 --> 02:03:41,196
God.

1769
02:03:45,996 --> 02:03:47,616
Don't look that up, you guys.

1770
02:03:48,536 --> 02:03:50,696
Please make sure your VPN is on if you look that up.

1771
02:03:50,696 --> 02:03:52,576
I love that we all know what that is, though.

1772
02:03:52,576 --> 02:03:57,816
It's like a Howard Stern thing from the early 2000s.

1773
02:03:57,816 --> 02:03:58,456
Didn't need to be explained.

1774
02:03:58,776 --> 02:03:59,796
Didn't need to be, you know, like.

1775
02:04:02,036 --> 02:04:07,356
Although, like, now somebody needs to develop, like, the lightning-fed Sibian thing that, like, changes the controls on it.

1776
02:04:07,536 --> 02:04:09,176
I'll let you guys figure that out for yourselves.

1777
02:04:09,636 --> 02:04:10,176
Oh, no.

1778
02:04:10,516 --> 02:04:10,916
Oh, no.

1779
02:04:11,016 --> 02:04:12,576
It's another angel for a group.

1780
02:04:12,576 --> 02:04:14,176
Only fans and only fans integration.

1781
02:04:15,236 --> 02:04:15,456
Yeah.

1782
02:04:15,896 --> 02:04:18,476
God, like, why hasn't somebody made only zaps already?

1783
02:04:18,476 --> 02:04:24,576
Like, clearly, we need to go deeper into the degeneracy of culture and help feed it.

1784
02:04:24,836 --> 02:04:26,576
But anyways, that's a different story.

1785
02:04:26,896 --> 02:04:26,976
I tried to start Footster, guys.

1786
02:04:27,116 --> 02:04:28,196
I tried to start Footster.

1787
02:04:28,376 --> 02:04:29,696
You can still go to Footster.com.

1788
02:04:29,696 --> 02:04:31,096
I think the website's still active.

1789
02:04:31,176 --> 02:04:32,216
I think I'm still paying for it.

1790
02:04:32,276 --> 02:04:41,476
By the way, the long tail of OnlyFans shows that there are 2 million women out there who showed their pussy for $50 or less a month.

1791
02:04:42,136 --> 02:04:45,096
Which is like, that is not good, man.

1792
02:04:45,096 --> 02:04:49,316
if you're a top 0.1% creator

1793
02:04:49,316 --> 02:04:50,536
you're making millions dollars a month

1794
02:04:50,536 --> 02:04:52,436
cool I support you I guess

1795
02:04:52,436 --> 02:04:52,936
I don't know

1796
02:04:52,936 --> 02:04:55,416
$50?

1797
02:04:56,116 --> 02:04:57,876
there's a lot of things you can do to earn $50

1798
02:04:57,876 --> 02:05:00,156
that aren't showing your pussy to the internet

1799
02:05:00,156 --> 02:05:00,736
you know

1800
02:05:00,736 --> 02:05:06,596
I don't think that there's a lot of long term

1801
02:05:06,596 --> 02:05:07,536
thought going on there

1802
02:05:07,536 --> 02:05:09,736
much love to you guys

1803
02:05:09,736 --> 02:05:12,736
yeah can't wait till we do another one of these

1804
02:05:12,736 --> 02:05:15,016
it's always fun to have a little group therapy

1805
02:05:15,016 --> 02:05:20,816
session and realized that not everyone on on planet earth is actually retarded um so it's

1806
02:05:20,816 --> 02:05:25,696
always nice to meet with other people that have like put multiple brain cells together and like

1807
02:05:25,696 --> 02:05:29,876
made them collaborate and work together to like figure shit out but truly it's actually very

1808
02:05:29,876 --> 02:05:34,476
inspirational to like see and know and understand because like bitcoiners are always like several

1809
02:05:34,476 --> 02:05:38,856
standard deviations removed from any other groupings of people which is why like working

1810
02:05:38,856 --> 02:05:42,796
out of presidio bitcoin has been so incredible because it's like anytime somebody comes through

1811
02:05:42,796 --> 02:05:48,716
the door they're always fucking awesome like irregardless whereas like if i go out anywhere

1812
02:05:48,716 --> 02:05:55,316
else in the world the heuristic is usually like 99 of people we're going to talk about sports ball

1813
02:05:55,316 --> 02:06:01,856
or other norm stuff that makes me want to become an alcoholic so that's kind of where we're at

1814
02:06:01,856 --> 02:06:06,956
fucking love you guys appreciate your time and i want to shout out to everybody who joined this

1815
02:06:06,956 --> 02:06:08,556
on Noster. We had up to

1816
02:06:08,556 --> 02:06:10,836
129 people viewing on

1817
02:06:10,836 --> 02:06:12,556
Noster and still have 81

1818
02:06:12,556 --> 02:06:14,736
people viewing this live stream

1819
02:06:14,736 --> 02:06:16,596
on a decentralized

1820
02:06:16,596 --> 02:06:18,836
censorship resistant protocol.

1821
02:06:19,716 --> 02:06:20,416
And that's pretty neat.

1822
02:06:20,936 --> 02:06:22,736
So thank you. And look, if each one of those people

1823
02:06:22,736 --> 02:06:24,636
paid you $1 to show you their

1824
02:06:24,636 --> 02:06:26,336
pussy or their penis, like

1825
02:06:26,336 --> 02:06:28,736
you'd be outperforming only fans.

1826
02:06:28,976 --> 02:06:30,796
Only zaps, baby. Hold on

1827
02:06:30,796 --> 02:06:32,276
guys. I don't know if that's how the model works.

1828
02:06:32,356 --> 02:06:34,796
They paid me to show

1829
02:06:34,796 --> 02:06:36,536
I don't know. We should

1830
02:06:36,536 --> 02:06:38,456
That is the dude version of OnlyFans, right?

1831
02:06:38,516 --> 02:06:40,836
It's like where you pay girls to look at your penis.

1832
02:06:42,216 --> 02:06:44,396
Now that's a business idea right there.

1833
02:06:44,416 --> 02:06:45,536
We can build that on Noster.

1834
02:06:47,036 --> 02:06:48,916
Look at my penis for $1.

1835
02:06:51,356 --> 02:06:55,156
You guys, I think we have a company.

1836
02:06:55,796 --> 02:07:01,616
We need to cut this recording right now so we don't give away too much alpha on this new round.

1837
02:07:01,976 --> 02:07:02,236
Okay.

1838
02:07:02,496 --> 02:07:03,196
I appreciate you guys.

1839
02:07:03,256 --> 02:07:04,276
I'm cutting the stream now.

1840
02:07:04,956 --> 02:07:05,256
Peace.

1841
02:07:05,576 --> 02:07:06,016
See you guys.

1842
02:07:06,536 --> 02:07:18,876
And that's a wrap on this Bitcoin talk episode of the Bitcoin podcast.

1843
02:07:18,876 --> 02:07:27,496
Remember to subscribe to this podcast, wherever you're watching or listening and share it with your friends, family and strangers on the Internet.

1844
02:07:27,876 --> 02:07:36,236
Find me on Noster at primal.net slash Walker and this podcast at primal.net slash titcoin on X YouTube and Rumble.

1845
02:07:36,236 --> 02:07:42,876
Just search at Walker America and find this podcast on X and Instagram at titcoin podcast.

1846
02:07:43,056 --> 02:07:45,576
Head to the show notes to grab sponsor links.

1847
02:07:45,576 --> 02:07:51,236
Head to substack.com slash at Walker America to get episodes emailed to you and head to

1848
02:07:51,236 --> 02:07:54,196
Bitcoin podcast.net for everything else.

1849
02:07:54,736 --> 02:07:58,296
Bitcoin is scarce, but podcasts are abundant.

1850
02:07:58,536 --> 02:08:03,916
So thank you for spending your scarce time listening to the Bitcoin podcast.

1851
02:08:03,916 --> 02:08:06,956
Until next time, stay free.