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Hello, everybody. My name is Daniel Prince, and I'm the host of the Once Bitten podcast.

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This is a podcast focused on Bitcoin. It's my mission to interview as many people as I can

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around the different aspects of Bitcoin and help people understand exactly what Bitcoin could mean

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for them and for their families and for their future. I hope you enjoy the show. Thank you so

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much for listening. Hello everybody and welcome to this episode of the Once Bitten podcast,

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episode number 600. We got there, we've hit another benchmark. Thank you for all of you

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out there that listen and for everybody that's come on the show. Today's guest is a new one,

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Kudzai Kutukwa, who is an absolute prolific writer. He's got a briefly.social, he's dropping

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bombs over on Nostra he's definitely one to watch for the next few years because his thoughts and

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the way he can get his thoughts across on paper is absolutely brilliant there's no video version

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to this one Kudzai is uh remaining out of the limelight for now he's letting his writing do the

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work so we just have audio only today and uh while the writing speaks for itself and uh so does Kudzai

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He's great to have on board.

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Thank you for leaning into the space, sir.

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And please go and support him with your zaps over on NOSTA.

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Read his articles.

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The link will be in the show notes.

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And yeah, thanks for coming on, brother.

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Episode 600.

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Shout out, as always, to Orange Pill App, which is now Club Orange.

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Please go and meet some new people.

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There's 20,000 members.

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They've crossed that threshold.

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20,000 Bitcoiners on the app looking to connect with you.

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You've got to go find your people, human beings, and like to get together and meet in real life.

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So get over to the link in the show notes.

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Bitbox, please self-custody your Bitcoin.

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There is so much at stake.

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If you are leaving your Bitcoin on an exchange, please take it off.

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Exchanges get hacked or they get subpoenaed.

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This has happened before.

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This is not hyperbolic bullshit.

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I'm not trying to scare you into doing something.

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You can do your own research, but people have lost their Bitcoin because they didn't self-custody it.

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So if you're leaving it on the exchange, it's not in your control.

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So please go and study self-custody.

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Bitbox.swiss forward slash Bitten.

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Use the code Bitten for 5% off.

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New shout out for Hoddle Solo, who's putting together a weekly newsletter.

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It's a what's on guide for UK Bitcoiners.

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And it's coming at you from the Bitcoin Events UK platform, which he has curated over the last few years.

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And it's a weekly of what's on.

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It highlights the real meetups, the real people, real adoption, all that's happening on the ground.

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And it's a new issue every Sunday morning.

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Just subscribe to the link in the show notes and get all of that information delivered into your inbox.

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There's no excuse now if you're a UK Bitcoiner to be lonely.

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No chance.

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You've got Club Orange and you've also got the weekly What's On guide.

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My First Bitcoin.

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Big shout out to My First Bitcoin.

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If you've listened to the last episode with James Dewar, who had with him two school teachers

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from a secondary school in the UK, love to see this initiative.

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And I know people have already started reaching out to James.

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and I think it's definitely worth your time to go back and listen to that

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and to find out the work he's been doing in conjunction with my first Bitcoin.

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And a shout out to Relay.

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Relay have been part of this show for just over five years, I think.

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They were one of the first sponsors, Julian Linegar, Adam and the team over there.

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Thank you for everything you've done.

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This is going to be one of the last shout outs for Relay.

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they're going to be focusing marketing spend elsewhere and i wish them all the very best

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with everything going forward it's been incredible to be part of their journey thank you for all of

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the support to the whole team over at relay what you've done is absolutely amazing you can download

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the app relay r-e-l-a-i.ch forward slash biton and start stacking your sets today they have the

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wallet built in they have the high net worth individual option for you they have relay private

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they can help you and your bitcoin business to uh excuse me your business onto a bitcoin standard

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uh it's been great working with you guys thank you and all the very best hope to see you

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in btc prague i hope to see all of you in btc prague that's going to be in june and don't forget

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we've got btc island in dublin coming up towards the back end of may and then in september health

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sinky like i said bitcoiners need to meet each other when you meet each other something magical

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happens you feel you feel some kind of emotional connection it's impossible to describe and i'm not

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the only person that's ever like come across this woo woo if you want to say um it happens to us all

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there's something so magical when you get that positive energy into a space and everybody

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looking forward with hope into the future.

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So get to Dublin, get to Prague, get to Helsinki,

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and get a 10% discount whilst you're doing that.

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You can use the code BITN.

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The links are in the show notes.

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Appreciate you all listening.

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I hope you enjoy this one with Kudzai,

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and here's to the next 600 shows.

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Kudzai, we are recording.

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Great to have you on the show.

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Nice to meet you.

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Thank you very much, Daniel.

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It's a pleasure to be here.

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And I want to give a shout out to Aza, who connected us.

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She put you on my radar.

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And she said, one of the most interesting people out there in Bitcoin,

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writing some of the best articles.

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And you've been prolifically writing on NOSTA too,

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where it's all getting dropped over on NOSTA.

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So you're a full-on down-the-rabbit-hole NOSTA,

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as we like to call ourselves, I suppose.

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and using that medium to spread your word.

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So, yeah, let's start at the beginning.

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Bitcoin, Bitcoin journey, I suppose.

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You know, what are you happy to share about yourself?

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You know, like your background, perhaps your educational path,

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your career path, and then finding Bitcoin.

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No, I'll be more than happy to.

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So my Bitcoin journey, like everyone's, it has a lot of twists and turns to it.

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My background in terms of education, it's marketing and management.

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And currently I work with what we call smallhold or small-scale farmers in the more financial inclusion space,

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as well as helping them with tools that assist them with better sustainable farming methods, etc.

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So kind of how I then circled back to Bitcoin.

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Once upon a time, a couple of years back, I used to live in Zimbabwe.

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And this was at a time when hyperinflation and all of those things were kicking off,

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you know like printing 10 trillion dollar notes and all of that other stuff so i lived through

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that where you kind of see a currency collapse in real time and you're seeing inflation ravaging

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prices changing on the hour every hour and during that time obviously the most um the exit for most

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people was to whenever you would earn if you would earn your money in local currency it was to then

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immediately convert it either to US dollars or pounds or euros or whatever it is that you could

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get your hands on as a way of trying to preserve your purchasing power. And so that sort of,

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this is like pre-2008. And then by the time the financial crisis hit, the situation,

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they were so bad that we didn't even feel the financial crisis. You were literally just reading

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about it that oh this is what's happening because kind of things were kind of in a much worse off

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position economically speaking um so now i had those two kind of experiences which on one hand

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i was plugged into what was happening in the global markets and i'm you know somewhat interested

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in that and at the same time i'm living through this experience where you're actually seeing a

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currency collapse in real time. Then after, you know, the whole crisis subsided and everything,

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that's when I think at that time I started getting attracted more to precious metals because

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I had also seen that even the hard currencies like the US dollar and everything through the

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financial crisis were not as invincible as we thought they were. And therefore there was

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a need for something else that you could use as a store of value or as an inflation hedge

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or that you could use to just preserve your wealth and purchasing power.

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From then on, I fell down that rabbit hole and started to be a collector of sorts of

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all kinds of, you know, precious metals, particularly gold and silver.

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But then from that trajectory, I think around about 2011, 2012-ish there,

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that's when I stumbled upon the Bitcoin white paper. I don't even remember how it happened,

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but I think it was just one of those days where you're lazy scrolling online. And then

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I stumbled upon the Bitcoin white paper, read it. It didn't really make much sense to me at the time.

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But the one thing I took away like from my initial reading was this is a plan or this is a layout of an alternative currency through which it not controlled by the state it outside of the system but at the same time it works over the internet and you can

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transmit it peer-to-peer so that idea really appealed to me even though there were parts about

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it that i didn't understand at the time and just kept and there wasn't really much material anyway

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during that period, as opposed to now where you're spoiled for choice with podcasts and books and so

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forth. I dug and found what I could and talked to whoever I could to try and, you know, really like

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get a good grip on what this was about. And I think it took me about a couple of months. Then

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in 2013, that's when I started to say, okay, fine, I think I'm ready to start getting into Bitcoin

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a little bit, bit by bit, and see what this is just in case things blow up or, you know, as an

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alternative. So with time, went through the 2017 bull cycle and, you know, the subsequent cliff

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hanger that came off after that. And throughout that whole period, I just kept learning more and

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educating myself more and just observing even what was happening on the global stage as well.

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So it became clearer with time that fiat currencies are doomed. And there was a lot of unlearning as

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well that I had to do in terms of, you know, how you would have been educated to think about money

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and the monetary system. And then now to reverse that to actually then start going deeper down into

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like other alternative rabbit holes.

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Now, this was almost the same period

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that I discovered Austrian economics

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or when I was first discovering that

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it was more from a precious metals lens

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where the answer to all the problems

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that the Austrians had identified or listed was

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we need probably a monetary system that is gold-based, or if that's not going to happen

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anytime soon, then eventually we need to switch, at least as individuals, to start to use precious

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metals as currency. And then it took a while now to then marry that theory, and then with Bitcoin,

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that came later after I eventually read the Bitcoin standard, and the rest is history,

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as they say. Professionally, one of the things as well I mentioned was in the crop insurance space

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because you're working with small farmers. There was this drive, I think it started,

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let's say around 2012, 13 there, where the idea was where financial inclusion became even, I think,

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one of the UN SDGs where it was sort of incorporated into that. I'm not too sure about

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the timeframe in terms of that, but I know it was around about that same period when financial

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inclusion became like a big talking point across many circles and particularly on the continent of

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Africa. And that then motivated me or one of the things that given everything I'd been through to

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then start to look at, say, okay, maybe let's come up with a product, crop insurance product

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that will target small-scale farmers because at the end of the day, they're the most vulnerable

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to natural disasters. But at the same time, the current crop insurance product that were being

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offered on the market, they were not what you would say affordable for them. So the initial

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approach to that was one where you're approaching it mostly as a business slash technology problem.

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where you're looking at it and saying, let's try and solve this by creating a better, cheaper product that would utilize stuff like mobile money and all these other things to try and smash down all those barriers to entry that are resulting in a lot of these people being financially excluded.

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because without crop insurance, it becomes very difficult for you to then access things like

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credit if you need it to expand your farming activities and all of those other things.

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So that was how we were approaching it initially. And we kept running into roadblocks where

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you're trying to build a product, let's say maybe an app-based solution, which was the initial idea

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at the time. Then you realize you need banking APIs, you need to link to the local banks and so

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forth and for every transaction or call api call that you're doing you're being charged and then

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when you add up all those expenses it would put you in a position where you realize that you know

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maybe we can't actually do this in a cheaper way to sort of bring down the cost of this thing

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because at the time you're being kept like in the fiat system this is around uh 2014 26 between

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2014 to 2016, 17 there.

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So it was like a journey where you're running around in circles where you're thinking the

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solution is fintech to come up with some cool fintech solution to try and solve this problem.

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But ultimately, you always come back to the same answer, which is it's not just the tech

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layer on top that you're dealing with.

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It's actually the base layer, which is fiat, which is credit based because it's credit

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based.

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and there is no final settlement when transactions happen,

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therefore all of that is priced in.

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And because it's priced in, initially,

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it just excludes certain people out by definition.

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So these were some of the, in a nutshell,

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things that on one hand, from a professional standpoint,

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I came face-to-face with how the fiat system doesn't work for everyone.

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and also um i've lived through currency collapse i've seen that and how bad things can get and also

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you know personal study and curiosity i've always been curious about the markets i've always loved

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investing and trading so these are kind of the things that brought me to this point where

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you look at everything else you try every other solution and you always come back to realize that

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Bitcoin is the answer to solving most,

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if not all of these monetary problems that the world is facing. Yeah.

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So in a nutshell, that was kind of my Bitcoin journey.

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Amazing. So just to come back to that,

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that day that you're living in Zimbabwe and the hundred

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trillion dollar note shows up. I mean, like,

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I just can't even begin to imagine what goes through a person's mind.

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At that point, had you all kind of realized this is just confetti in our hands,

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that this is monopoly money?

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Because as you said, prices, it's so hard for people to grasp, even for myself.

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I've not lived through that.

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And you're saying prices are changing on the hour?

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Absolutely. And this is the thing, right? When you haven't gone through an experience like that, it's very easy to see Bitcoin differently as maybe just a store of value or an alternative investment.

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But in that instance, Daniel, you look at your bank account, it got to a point where you're at the ATM, you're looking at your bank account. There's so many zeros that you can't even count them.

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and over in the black

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you had

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what was the limit

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I think at one point you could

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they had then

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what you call the central bank

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had placed limits in terms of how much

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cash you could withdraw per day

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so because there were those limits

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they were trying

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it was a bid to try and control

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the inflation and to try

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and tame

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the

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idea that or the the the whole system behind people trying to flee to a stronger currency

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so by the time you're holding i think it really clicked for me that this is confetti

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when we hit by the time we had a hundred thousand dollar note it was obvious that

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this train is just going to keep going and going and going and going so by the time we even got to

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the $100 trillion note, it wasn't even a surprise where you're not even shocked because some of the

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prices you're paying for things, the only way it would make sense is if you're paying in dollars.

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Otherwise, if you wanted to pay local currency, you had to bring bags and bags and bags of money.

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And I remember during that period, people that were selling money counters, they made quite a

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killing because now you needed them. And almost everyone who had, no matter what size of business

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you were running. You needed a money counter since people would bring you bricks and bricks

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of money if they wanted to buy anything. So by the time you're doing all of that,

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you can't even begin to calculate anything or to have any sort of planning because your time

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window for planning is one hour. If you don't buy what you need to buy within the hour, or at least

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at the very latest within the day, you know, tomorrow, that same thing, the price would have

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changed. And whatever money that you had, or that you had planned to use at that point is not going

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to be enough. So you need to top it up somehow. And this is happening at a point in time where,

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you know even things from let say the employment sector of things and jobs where it wasn looking good in that arena as well so yeah by the time you get to that point where you have that note

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you already know this is confetti this is this is just

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losing value by the day so your immediate reaction is the moment you get it

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you immediately find somebody who can sell you dollars or you buy something that you know

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what were the kind of things that people were buying obviously if you need food or clothing

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if you had a desperate need for something but if if you know right okay what i'm holding is going

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to be worth less uh yes next hour and by the end of the day what were the kind of goods that people

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were just flocking to to buy because they knew that would hold some kind of purchasing power

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you would buy anything daniel anything that you knew you could liquidate um there were even

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some companies what they would do is they would buy bricks because they knew the bricks

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if you buy a brick today it's worth 50 cents per brick tomorrow it's 60 cents equivalent per brick

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and tomorrow it's another price and another price.

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So whatever it is, you could get your hands on,

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which you knew maybe there's reasonable demand for that.

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If you had access, say, for example, to foodstuffs

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that you knew, I can liquidate this quite easily,

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that's what you parked your money into.

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So the shorter your timeframe in terms of

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when you would need to use or liquidate the money,

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the more you had to buy something that was more liquid.

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But the easiest choice for a lot of people was just to convert it to US dollars or pounds or whatever other foreign currency you could get your hands on.

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That was the most easiest thing to do.

264
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But if you had a longer time on Amazon...

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My other question was what other foreign currencies were at play there?

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Sorry?

267
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You've hit my other question.

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What other foreign currencies were being sought after?

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Yes.

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So the main one obviously was the dollar.

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and you had pounds and you had euros and then the south african rat it was mainly those ones

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those were the foreign currencies of choice there and also because you had a lot of people that had

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um left the country and were now living working in other countries they'll then send back

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biorementators and all of this a lot of the um mostly dollars and some who in the uk would send

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back pounds and all of that other stuff so there was like a what you would call a parallel market

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it's not like you were going to the bank to buy it no you had to it was like a network it was

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peer-to-peer basically so yes even on the street we started to see peer-to-peer forex trading

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was it it's trying to i'm trying to put myself in your shoes so did people just adapt to it

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slowly and it become the new way of life or was there a lot of fear was there a lot of panic

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how did it all kind of play out it was a slow burn because it it didn't happen like immediately

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like that so this was a process that happened slowly over time where so eventually i mean you

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look at it like today you have a $500 note. Then six months down the line or a year from that,

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you have a $1,000 note. And then it keeps going like that slowly. And then towards the end,

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round about maybe 2006, seven, eight. So by the time you got to that point,

285
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and because this economic meltdown had already started happening a couple of years before

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it it's like a slow burn a slow cook kind of like that analogy of the frog in the

287
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boiling water that the frog doesn't immediately jump out as opposed to if we throw it into water

288
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that's already hot and that was kind of how people started adjusting and yes there was a lot of fear

289
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because now if you're a family man,

290
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you're thinking, how am I going to send my kids to school

291
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because the school fees is changing.

292
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You know, you would be asked in the middle of the term,

293
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you would get a letter from the school saying,

294
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hey, you need to top up

295
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because what you paid at the beginning of the term

296
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is not going to last through or carry through.

297
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So here's an additional bill for you

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that you need to top up your children's school fees.

299
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And then over and above that,

300
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you are having to deal with all the other costs of living or sorry, living expenses and so on and so

301
00:25:52,372 --> 00:25:58,552
forth. So definitely there was a lot of fear. There was a lot of uncertainty. And then coupled

302
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with that, you also don't have job security because companies are shutting down because of,

303
00:26:04,872 --> 00:26:09,972
you know, the unsustainable economic environment and so on and so forth. So you're not even sure

304
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if tomorrow you have a job, if you're like formally employed and everything. So now you

305
00:26:15,392 --> 00:26:21,412
also had to think about what can I do on the side as a way of just trying to keep bread on the table.

306
00:26:22,212 --> 00:26:29,472
So definitely it was a very hyper stressful environment, full of uncertainty, full of fear.

307
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And it was something that you're adjusting to on a day-to-day basis. And there is no manual that

308
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you can look at to say, or, you know, past experiences that you can draw upon to say,

309
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how is this of course you had weimar republic but that's like you know way back when and the

310
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conditions and situations for that were different so yeah in a nutshell that was kind of the

311
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situation you can't there is no planning that you're doing um in that scenario where you're

312
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planning even a week in advance you can't you have to plan for today and then next day and the next

313
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day and the next day. And that's how you're sort of trying to make things happen. Unless, of course,

314
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if you were fortunate enough to be working in an international organization or a bank that was

315
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going to pay you, let's say, in dollars or in some other foreign currency, then you didn't have that

316
00:27:24,372 --> 00:27:28,332
problem. You were sorted. But for the general population, that wasn't the story.

317
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So now in Zimbabwe, did I still have their own national currency or does everybody just use the

318
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us dollar now um i think now they have a currency but it's mostly they also use dollar so it's like

319
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the local unit alongside the dollar so i guess that's where that's probably what is helping

320
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bring some sort of stability as you know some of the economic issues that were present during

321
00:28:00,692 --> 00:28:08,952
you know that 2008 period some of them have since been resolved so there is some gradual return to

322
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normalcy but it's it's going to take a bit of time up until everything gets to normal but

323
00:28:16,732 --> 00:28:26,232
as you know with fiat the problem is if you are issuing a weaker currency

324
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it still puts you at the back foot because eventually if your currency is backed up by

325
00:28:34,172 --> 00:28:39,912
dollar reserves you are still not going to be in a place where you outperform the dollar and

326
00:28:39,912 --> 00:28:45,072
whatever's happening to the dollar will have knock-on effects so it's definitely something

327
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that's going to take a bit of time to rectify along those lines but as all fiat currencies

328
00:28:52,672 --> 00:29:01,712
collapse who knows if ever that will get rectified it's crazy so like that that particular note the

329
00:29:01,712 --> 00:29:07,992
hundred trillion dollar note the zimbabwe dollar note uh that that gets handed around at conferences

330
00:29:07,992 --> 00:29:14,912
you know as bookmarks for example yeah or as little keepsakes it's insane

331
00:29:14,912 --> 00:29:20,872
and i'm a nation of trillion and quadrillionaires

332
00:29:20,872 --> 00:29:30,312
i've just checked um there's no way to value it it's only valued as a collectible now so it's not

333
00:29:30,312 --> 00:29:39,572
like you could even even turn up in that wouldn't even be accepted now anywhere i'm assuming for

334
00:29:39,572 --> 00:29:47,892
any goods or services no no no now it's no longer legal tender right but it's such a mockery as in

335
00:29:47,892 --> 00:29:58,112
at that point in time by the time by the time they issued a hundred trillion dollar note bread

336
00:29:58,112 --> 00:30:04,572
was like 10 trillion or something crazy like that and i love the fact those numbers i mean

337
00:30:04,572 --> 00:30:11,812
On the back of the note, they've got a bull or a water buffalo,

338
00:30:12,452 --> 00:30:16,412
and a waterfall, Victoria Falls.

339
00:30:17,192 --> 00:30:21,792
It's so fitting that they should have a waterfall.

340
00:30:24,032 --> 00:30:26,732
It's absolutely...

341
00:30:26,732 --> 00:30:27,352
Absolutely.

342
00:30:28,892 --> 00:30:29,732
Absolutely.

343
00:30:30,012 --> 00:30:31,192
I couldn't agree more.

344
00:30:33,132 --> 00:30:34,392
Oh, my goodness.

345
00:30:34,572 --> 00:30:36,252
Yeah, but that was a crazy time.

346
00:30:37,292 --> 00:30:40,232
So that brings to your article,

347
00:30:40,792 --> 00:30:43,672
which I think is a brilliant article

348
00:30:43,672 --> 00:30:47,832
because you challenge one of the narratives,

349
00:30:48,192 --> 00:30:50,232
one of the humanitarian narratives

350
00:30:50,232 --> 00:30:53,752
that just kind of gets hand-waved around

351
00:30:53,752 --> 00:30:58,372
and bandied around in all of the Bitcoin kind of parlance.

352
00:30:58,652 --> 00:31:02,392
Oh, well, Bitcoin is a way to bank the unbanked.

353
00:31:02,392 --> 00:31:25,398
And you saying yo guys no we got to figure out how to unbank the banks Absolutely And you know when I was writing that article I was drawing upon all these experiences to say for example like what you nailed on the head when you

354
00:31:25,398 --> 00:31:31,598
talking about this is something that in humanitarian circles, they talked about.

355
00:31:32,118 --> 00:31:38,478
And when I was working on that crop insurance thing, that was also the theme that, oh, what

356
00:31:38,478 --> 00:31:43,718
you're doing is financial inclusion you're trying to bank the unbanked and then you know they'll

357
00:31:43,718 --> 00:31:49,938
throw around the stats so there are 1.9 billion unbanked people around the world and so on and so

358
00:31:49,938 --> 00:31:55,618
forth and because these people don't have access to financial services or rather they don't have

359
00:31:55,618 --> 00:32:00,758
access the way they would frame it was they don't have access to bank accounts so because they don't

360
00:32:00,758 --> 00:32:06,218
have access to a bank account for whatever reason they would list a whole litany of reasons some of

361
00:32:06,218 --> 00:32:08,018
which, you know, a legit reason.

362
00:32:09,578 --> 00:32:13,178
Then they would say, oh, they can't access 1, 2, 3, 4, 5, 6.

363
00:32:15,198 --> 00:32:17,918
But when you really think about it,

364
00:32:18,178 --> 00:32:22,838
it brings you to a point where you realize that, yes, people need to transact.

365
00:32:23,138 --> 00:32:25,918
People need to be able to buy and sell and trade and do this.

366
00:32:26,998 --> 00:32:30,638
But that is not something that can't be done,

367
00:32:30,638 --> 00:32:32,598
especially now in a Bitcoin world.

368
00:32:33,078 --> 00:32:35,258
You don't need a bank account to do that.

369
00:32:35,258 --> 00:32:42,538
Of course, yes, we know there's still a lot of improvements or a lot of things that still need to be built out in Bitcoin.

370
00:32:42,798 --> 00:32:49,978
But the point is, when you have a bank account, number one, you have to KYC, right?

371
00:32:50,338 --> 00:32:59,558
Not only do you have to KYC, you also have to, you're kind of handing the bank permission or rather authority over your money.

372
00:32:59,718 --> 00:33:03,438
So if they decide to freeze your account for whatever reason, they can do it.

373
00:33:03,438 --> 00:33:16,558
If they decide to deny you, let's say you want to withdraw some money or a certain amount, if it's above whatever limit that has been set, depending on the jurisdiction you're living in, you can't access it.

374
00:33:16,818 --> 00:33:17,998
You'll need permission.

375
00:33:18,238 --> 00:33:20,678
You need to speak to the manager and so on and so forth.

376
00:33:20,698 --> 00:33:23,018
And it's up to the manager's discretion and all of that.

377
00:33:23,018 --> 00:33:38,958
So when you look at what Bitcoin was designed to do, it was designed to eliminate trusted third parties and to become a form of electronic cash where it still allows you to transact digitally and so on and so forth, peer-to-peer.

378
00:33:38,958 --> 00:33:45,478
but at the same time you're doing so without any intermediary now when you understand that value

379
00:33:45,478 --> 00:33:53,778
proposition it then puts you in a place of if i can just secure my own money by myself in my wallet

380
00:33:53,778 --> 00:34:01,158
if i have control over my keys and if i can transact and send my bitcoin peer-to-peer

381
00:34:01,158 --> 00:34:03,478
then what on earth do i need a bank for

382
00:34:03,478 --> 00:34:11,538
then that starts to open up you know a different um thought process where you start to then look at

383
00:34:11,538 --> 00:34:17,798
and then see that actually the whole banking system is actually also working in tandem

384
00:34:17,798 --> 00:34:27,238
with this idea that all your transactions have to be monitored all your um apart from the monitoring

385
00:34:27,238 --> 00:34:29,178
We also need to know who you are.

386
00:34:29,258 --> 00:34:33,718
You have to expose your identity every time you need to transact.

387
00:34:34,078 --> 00:34:42,478
Every transaction has to be attached to an ID or a passport, some way, somewhat, and zero financial privacy.

388
00:34:42,478 --> 00:34:47,459
And if we think you're doing something shady, we can just decide to freeze your account.

389
00:34:48,158 --> 00:34:53,798
And then there are all of these other, and we've got countless stories that we can discuss and talk about,

390
00:34:53,798 --> 00:34:57,018
where whether we want to talk about Wikileaks

391
00:34:57,018 --> 00:35:00,598
or many other organizations that at one point

392
00:35:00,598 --> 00:35:06,358
eventually then got taken out of the financial system

393
00:35:06,358 --> 00:35:08,818
where every other bank or financial institution says,

394
00:35:08,898 --> 00:35:10,998
hey, we do not want to work with you.

395
00:35:11,058 --> 00:35:12,398
We do not want to bank your money

396
00:35:12,398 --> 00:35:14,919
or we do not want to process any transactions

397
00:35:14,919 --> 00:35:16,838
that are associated with whatever it is you're doing.

398
00:35:16,978 --> 00:35:19,478
You're not doing anything illegal or anything immoral.

399
00:35:20,078 --> 00:35:23,278
You're just a company or an organization

400
00:35:23,278 --> 00:35:25,738
that is out of favor with the powers that be.

401
00:35:26,098 --> 00:35:28,778
As a result, one of the first things they do

402
00:35:28,778 --> 00:35:31,298
is they financially choke you to death.

403
00:35:31,959 --> 00:35:34,258
So this is the problem with the banking system

404
00:35:34,258 --> 00:35:36,698
that it has ceased to become a service,

405
00:35:37,178 --> 00:35:39,498
but it has become more like an albatross

406
00:35:39,498 --> 00:35:41,538
that is hanging around our necks.

407
00:35:42,238 --> 00:35:45,078
And this is also the mechanism

408
00:35:45,078 --> 00:35:46,898
through which money is created.

409
00:35:47,919 --> 00:35:49,018
So all of these things,

410
00:35:49,338 --> 00:35:51,419
yeah, that was kind of my thought process

411
00:35:51,419 --> 00:35:52,518
to actually say, no,

412
00:35:52,518 --> 00:36:19,718
This is not about trying to bank the unbanked. This is actually for those that didn't have access to financial services, they now have. But for those even in first world countries or developed countries as they're so-called, they can now start to think about things differently from a sovereignty perspective to say, do I really want a bank to have control over my money, what I do with it?

413
00:36:19,718 --> 00:36:23,618
or do I want to be able to transact as a free person peer-to-peer?

414
00:36:24,998 --> 00:36:27,318
So that was kind of the thought process.

415
00:36:28,998 --> 00:36:32,158
Based on all of these experiences wrapped up in one.

416
00:36:32,998 --> 00:36:37,638
This notion of first world or developed countries

417
00:36:37,638 --> 00:36:43,238
is such a stupid, weird way

418
00:36:43,238 --> 00:36:47,078
that we've been gaslit into looking at these things.

419
00:36:47,078 --> 00:36:49,658
It's just disgusting when you think about it.

420
00:36:49,718 --> 00:37:05,459
And if you to explain to an alien lands tomorrow and you're like, yes, so in the first world or so-called developed nations, what you do is you go to work for as many hours a day as you possibly can.

421
00:37:06,278 --> 00:37:15,118
And you're rewarded in the currency that that jurisdiction demands that you use as a medium of exchange.

422
00:37:15,118 --> 00:37:16,778
You don't have any choice from birth.

423
00:37:16,778 --> 00:37:25,538
and when you're working, you just give over your bank account details to your employer who deposits

424
00:37:25,538 --> 00:37:30,378
the money there on your behalf for your convenience. So you never actually see or touch the money

425
00:37:30,378 --> 00:37:35,538
and then that money just de facto becomes the bank's money. So the medium of exchange that

426
00:37:35,538 --> 00:37:42,118
you're giving up your time, energy and skills for is actually the bank's all along. And if you want

427
00:37:42,118 --> 00:37:46,898
it you're gonna have to go begging hands and knees if you want more than they're willing to give you

428
00:37:46,898 --> 00:37:55,338
and if you do something that they don't deem legal in any or like slightly you know i don't know

429
00:37:55,338 --> 00:38:02,018
egregious they're gonna shut you down yes and that's what you wrote about in your other essay

430
00:38:02,018 --> 00:38:10,038
um exit is the only solution uh the and you talk about um scott ritter who was uh debatled yes

431
00:38:10,038 --> 00:38:20,018
yes and that was also kind of a it was it's following and building on kind of the same

432
00:38:20,018 --> 00:38:28,858
thread in the sense that um like you articulated this perfectly to say you go to work and as part

433
00:38:28,858 --> 00:38:34,939
of your rewards you're told okay this is how much you're going to be paid but before you even

434
00:38:34,939 --> 00:38:41,778
get to touch some money you have already been taxed so the man takes his cut before you do

435
00:38:41,778 --> 00:38:49,858
and then you are left with uh whatever they will call it a net and then over and above that as you

436
00:38:49,858 --> 00:38:55,998
spend it and do all of these other things you are being taxed and monitored and surveilled and all

437
00:38:55,998 --> 00:39:03,398
of this so it's like especially now with the advent of all these digital mechanisms of

438
00:39:03,398 --> 00:39:08,919
transacting within the fiat system it's like everything lives a digital footprint through

439
00:39:08,919 --> 00:39:15,919
which you can be tracked and traced and over and above that it then creates for someone who maybe

440
00:39:15,919 --> 00:39:21,738
wants to build some sort of personality profile on you they can build it without your consent

441
00:39:21,738 --> 00:39:27,538
just by analyzing all these places where you're spending your money and how you're spending it

442
00:39:27,538 --> 00:39:33,738
et cetera, et cetera. And like you rightly put, you then have to, oh, now I need to buy a house.

443
00:39:34,178 --> 00:39:38,258
Now you have to get a bond. And when you go and apply for a bond,

444
00:39:38,818 --> 00:39:46,018
the idea is, oh, the bank has some money sitting somewhere that they're transferring to my account

445
00:39:46,018 --> 00:39:50,558
when we all know that's not how it works. But that's actually, you know, the process of money

446
00:39:50,558 --> 00:39:57,038
creation. So coming back to that other article in terms of what happened to Scott Ritter,

447
00:39:57,538 --> 00:40:09,558
He got debanked. No explanation. He just got a letter from the bank saying, listen, we are terminating our relationship with you, etc., etc.

448
00:40:09,818 --> 00:40:20,439
His response to that was to try and appeal to the CEO of the bank and director of the FBI and some congressmen to try and rectify the situation.

449
00:40:20,439 --> 00:40:28,678
Now, I looked at that and I something didn't just sit right with me about that situation to say, wake up and smell the coffee.

450
00:40:29,378 --> 00:40:39,358
Even if this plan works where you're appealing to these people to get on for you to get on their good side so that they can let you back in.

451
00:40:40,278 --> 00:40:49,758
Can't you see that the fact that they can do this and the fact that they have done this means they're going to do it again and again and again.

452
00:40:50,439 --> 00:41:13,698
And until you get to a point where, because you're a journalist and you're touching some of the controversial areas, that becomes a situation where you'll be forced to self-censor as a way of trying to keep the bank account open or as a way of trying to make sure that you're able to transact and all of these other things.

453
00:41:13,698 --> 00:41:16,818
Now, if this was not a world in which Bitcoin existed,

454
00:41:16,998 --> 00:41:19,498
then fine, maybe we could make a case for

455
00:41:19,498 --> 00:41:22,578
let's play nice with the system.

456
00:41:22,919 --> 00:41:25,118
But now in a world where you have Bitcoin,

457
00:41:25,278 --> 00:41:25,959
you have options.

458
00:41:26,439 --> 00:41:29,698
You don't need to be submissive

459
00:41:29,698 --> 00:41:32,178
or begging and asking for permission.

460
00:41:32,698 --> 00:41:37,518
Granted, there is a steep learning curve, right?

461
00:41:37,618 --> 00:41:39,919
But at the end of the day,

462
00:41:39,944 --> 00:41:41,504
How much do you value your freedom?

463
00:41:42,064 --> 00:41:48,464
If you know that for you to maintain your journalistic integrity, there are certain things you have to report on.

464
00:41:48,464 --> 00:41:59,164
There are certain things you have to talk about, which puts you in the crosshairs of certain people who are powerful, who can decide to choke you by shutting down your bank account.

465
00:41:59,844 --> 00:42:03,744
So how are you being smart by trying to appeal to that system,

466
00:42:04,104 --> 00:42:07,104
that same system that put a boot on your face

467
00:42:07,104 --> 00:42:11,364
and proves to you that if you don't submit or comply with it,

468
00:42:11,704 --> 00:42:13,264
this is what's going to happen.

469
00:42:13,784 --> 00:42:17,504
So that logic and that way of thinking or doing things

470
00:42:17,504 --> 00:42:20,504
doesn't really translate for me to say,

471
00:42:20,684 --> 00:42:22,784
you can see what's happening.

472
00:42:23,024 --> 00:42:24,884
You already have evidence.

473
00:42:25,364 --> 00:42:28,984
You're already being checked out on the outside like a leper.

474
00:42:28,984 --> 00:42:34,204
So now what are you going to do about it to rectify the situation?

475
00:42:35,084 --> 00:42:50,184
And then this ties into even how, thanks mainly to the education system and how we are taught to relate to the world, that whenever there's a problem, someone somewhere has to come and solve it.

476
00:42:50,624 --> 00:42:53,684
Oh, we need to get the roads fixed or whatever.

477
00:42:53,804 --> 00:42:57,244
Let's elect somebody to come in and deal with this problem.

478
00:42:57,244 --> 00:43:03,764
and then that happens but then this person becomes captured by special interests and so on and so

479
00:43:03,764 --> 00:43:08,624
forth and then the solution is oh let's vote for somebody else let's vote hard and let's do this

480
00:43:08,624 --> 00:43:15,784
and let's do that whereas you're dealing with things it's it's it's a mentality where you don't

481
00:43:15,784 --> 00:43:22,884
want to just take the bull by the horns and just figure out another way that doesn't require you

482
00:43:22,884 --> 00:43:27,204
to depend on a system that is designed to choke you.

483
00:43:27,524 --> 00:43:30,384
This is really my thing, or that's really the core message

484
00:43:30,384 --> 00:43:32,504
I was just trying to put across to say,

485
00:43:32,864 --> 00:43:35,444
look, the fiat system, the way it's designed,

486
00:43:36,444 --> 00:43:38,864
it's by definition inflationary.

487
00:43:39,144 --> 00:43:42,304
So when central bankers are talking about inflation targeting

488
00:43:42,304 --> 00:43:46,004
and all of this, it's all a farce in the sense that

489
00:43:46,004 --> 00:43:48,404
this thing is just going to create more dollars

490
00:43:48,404 --> 00:43:52,324
or more euros or more pounds every single day

491
00:43:52,324 --> 00:43:58,124
no matter what they're talking about in terms of trying to curb or bring rain in inflation so why

492
00:43:58,124 --> 00:44:06,984
would you then want to reason or appeal to that system which over time is designed to steal away

493
00:44:06,984 --> 00:44:13,284
your purchasing power to steal away the value of your time and to gradually bring it to a place of

494
00:44:13,284 --> 00:44:22,924
poverty. I don't see how that's a rational, large conclusion, a way of thinking or doing things.

495
00:44:23,364 --> 00:44:30,244
But again, it comes back to how a lot of us have been educated and part of the education we received

496
00:44:30,244 --> 00:44:36,384
tells you to trust the system, to trust the powers that be, that the system, whilst it's not perfect,

497
00:44:36,384 --> 00:44:42,724
it's the best we got. So yes, stay in it. Anything else, alternative that shows up like Bitcoin,

498
00:44:42,724 --> 00:44:48,724
oh no that's a scam money comes from the government even this idea of you know legal tender

499
00:44:48,724 --> 00:44:54,604
some people somewhere are the ones that determine what money is and what money is not which again

500
00:44:54,604 --> 00:44:59,884
it's a nonsensical idea but these are some of the ideas running our modern world today

501
00:44:59,884 --> 00:45:09,264
yeah you nailed it the system is not broken it's working perfectly as designed it's tickety-boo

502
00:45:09,264 --> 00:45:19,184
it's not missed the beat of the drum it's purring it's um exactly and again what i just don't want

503
00:45:19,184 --> 00:45:26,084
to brush over like the what you said about people taking out a mortgage for their house for example

504
00:45:26,084 --> 00:45:32,884
you know this is a perfect example that i've used in presentations that i've given about how

505
00:45:32,884 --> 00:45:50,024
You walk into that bank, like you cross that that yielded line that you're allowed into the bank to go and speak to the bank manager or the mortgage broker or whoever it is that you're going to go begging cap in hand to.

506
00:45:50,024 --> 00:45:55,724
because the house that you want to buy is completely out of reach,

507
00:45:55,724 --> 00:46:01,804
but you've saved up over a 10 to 15-year career maybe at this point.

508
00:46:01,904 --> 00:46:06,324
You've saved up 50 or 75,000 pounds or dollars or euros,

509
00:46:06,504 --> 00:46:12,424
choose your currency or whatever freaking central bank cartel you like.

510
00:46:13,604 --> 00:46:19,524
The rest of the money is just deposited by the bank into your account.

511
00:46:19,524 --> 00:46:34,304
It doesn't come off their books or anything. It's literally written into the ledger that is part of the money creation process. And this is happening every single second of every single day. And it's not just mortgages. It's the car on finance.

512
00:46:34,304 --> 00:46:39,964
My wife the other day, like a letter come through from the bank saying, do you understand car leasing?

513
00:46:40,344 --> 00:46:42,924
You could be driving a brand new car.

514
00:46:43,084 --> 00:46:44,564
It's just a little bit like renting.

515
00:46:45,204 --> 00:46:48,864
They are courting people into debt.

516
00:46:49,284 --> 00:46:50,284
It's despicable.

517
00:46:50,764 --> 00:46:53,904
And this money comes from absolutely nowhere.

518
00:46:54,444 --> 00:47:00,004
And then, just to top off the icing on the cake, they charge you interest on it.

519
00:47:00,564 --> 00:47:01,524
This is usury.

520
00:47:01,524 --> 00:47:02,024
Imagine that.

521
00:47:03,224 --> 00:47:04,364
Imagine that.

522
00:47:06,124 --> 00:47:09,724
It's so vile and criminal and disgusting and inhumane.

523
00:47:10,204 --> 00:47:12,444
But that's what we have in the first world country, guys.

524
00:47:14,564 --> 00:47:20,024
And the crazy thing about it is you can describe these,

525
00:47:20,564 --> 00:47:24,124
like exactly how you put it, that entire scenario to a person and say,

526
00:47:24,224 --> 00:47:29,324
look, the money that you're paying interest on did not exist in the first place.

527
00:47:29,324 --> 00:47:47,464
When you came in with your deposit and you said, okay, they tell you you need to put 10% down the safest for a house, 10%, 20%, whatever the case is, you bring that 20% down, you have already participated in this money creation process.

528
00:47:47,464 --> 00:47:54,764
But not in the sense that they took other people's savings and credited those to your account.

529
00:47:54,764 --> 00:48:12,224
No, it just becomes like, what can we say, collateral to say, yes, this person probably does have the mechanisms or the means to repay this phantom money that we're now going to create and charge them interest on.

530
00:48:12,224 --> 00:48:13,464
And here's the kicker.

531
00:48:13,804 --> 00:48:16,464
You are paying it over a 20, 30-year period.

532
00:48:18,564 --> 00:48:23,584
And that's probably, depending on when you take out that mortgage,

533
00:48:24,584 --> 00:48:29,584
probably that's in the majority of your productive working years.

534
00:48:30,264 --> 00:48:32,844
And then you really get to own this property,

535
00:48:33,424 --> 00:48:36,124
which you're still paying property taxes on, by the way.

536
00:48:37,664 --> 00:48:40,344
All the way now, maybe in your 50s and 60s.

537
00:48:40,504 --> 00:48:41,984
Of course, it depends on when you started.

538
00:48:42,224 --> 00:48:45,524
But like you said, it's a very diabolical system.

539
00:48:45,964 --> 00:48:52,024
And you can explain it to a person and they will look at you and say, no, there's absolutely nothing wrong with it.

540
00:48:52,184 --> 00:48:53,524
This is just what it is.

541
00:48:53,944 --> 00:48:55,484
That's just a system.

542
00:48:56,124 --> 00:49:00,224
Or worse, which I've experienced many times, where they'll say, no, you're wrong.

543
00:49:00,324 --> 00:49:01,404
That's not how it works.

544
00:49:01,924 --> 00:49:07,904
And then they'll tell you whatever fairy tale they've been told in the education system that, no, they're saving somewhere.

545
00:49:07,904 --> 00:49:09,524
And then these savings are transferred.

546
00:49:09,524 --> 00:49:14,864
This is why the bank has to check you and make sure you're able to repay and so on and so forth.

547
00:49:14,924 --> 00:49:19,604
But they don't understand the bigger picture that this is actually a system of control.

548
00:49:19,764 --> 00:49:26,104
It has got nothing to do with, oh, these loans have come out from that pocket or anything.

549
00:49:27,104 --> 00:49:28,824
But yes, you're right.

550
00:49:30,304 --> 00:49:36,664
It's just a way of keeping you in debt where you're just, you know, like the WEF said, you'll own nothing and be happy.

551
00:49:36,664 --> 00:49:37,984
So you're renting everything.

552
00:49:37,984 --> 00:49:44,024
you're leasing your car and before you know it people will be leasing houses because they can't

553
00:49:44,024 --> 00:49:50,124
afford to buy them due to inflation and so on and so forth and it's going to extend all the way to

554
00:49:50,124 --> 00:49:56,244
furniture i mean we already started seeing that trend way back when with cell phones where you're

555
00:49:56,244 --> 00:50:03,184
given a payment plan and you just have to pay every month this and this it's very rare that you get to

556
00:50:03,184 --> 00:50:07,784
really own it if they say you own it yeah you have to really pay a high price and all of these are the

557
00:50:07,784 --> 00:50:12,664
things that gradually get you into that debt trap.

558
00:50:14,824 --> 00:50:19,884
Yeah, it's endless, absolutely endless.

559
00:50:20,604 --> 00:50:28,084
And so by doing that, you are unwittingly adding to the inflation,

560
00:50:28,084 --> 00:50:33,084
you're unwittingly debasing the purchasing power of every other person around

561
00:50:33,084 --> 00:50:41,384
to uh because as that credit just gets um as that debt in the system just gets more and more and more

562
00:50:41,384 --> 00:50:47,484
at some stage they will have to print uh this is what the whole debt ceiling argument in the u.s

563
00:50:47,484 --> 00:50:51,784
comes around every like two or four years whatever it is they'll have to print x amount of dollars

564
00:50:51,784 --> 00:50:58,964
into actual physical dollars into existence to close that gap uh and there already is not enough

565
00:50:58,964 --> 00:51:05,544
money actual physical currency in the world to cover all of the the debt obligations so you just

566
00:51:05,544 --> 00:51:13,144
that ah but when when people say very easily it just rolls off the tongue oh it's a debt-based

567
00:51:13,144 --> 00:51:19,644
debt-based ponzi scheme without actually thinking about and breaking down those four words so it's

568
00:51:19,644 --> 00:51:27,564
like debt-based guys debt-based right it's not you know it's not gold-backed it's debt-based so

569
00:51:27,564 --> 00:51:33,144
the asset at the bottom of this whole thing, holding up this whole thing is debt.

570
00:51:34,564 --> 00:51:35,124
Yes.

571
00:51:35,704 --> 00:51:36,804
Who is indebted to who?

572
00:51:37,304 --> 00:51:38,424
That's the name of the game.

573
00:51:40,544 --> 00:51:47,764
So everyone is just pushing across IOUs and we call it money, when in actual fact, it's

574
00:51:47,764 --> 00:51:54,944
a debt instrument that we are just using to settle and make transactions in the interim.

575
00:51:54,944 --> 00:52:12,091
And this is where now when you like what you saying when you start to really think about the implications of it to say what does this actually mean What it means therefore is everyone or a sizable amount of the population

576
00:52:12,091 --> 00:52:15,131
has to be in debt for the system to work.

577
00:52:16,991 --> 00:52:19,951
So they have to keep pumping out the credit

578
00:52:19,951 --> 00:52:24,231
because if that stops, the whole thing collapses.

579
00:52:24,491 --> 00:52:27,191
But at the same time, the more they do that,

580
00:52:27,231 --> 00:52:29,571
the more that becomes unsustainable too

581
00:52:29,571 --> 00:52:34,071
because things will get to a point where none of that money can't be repaid

582
00:52:34,071 --> 00:52:36,351
and then we are forced to do like a hard reset,

583
00:52:37,151 --> 00:52:41,531
which, yeah, I would say is probably around the corner.

584
00:52:44,531 --> 00:52:47,671
Again, people are going to be thinking, well, that's great.

585
00:52:48,611 --> 00:52:51,491
I'll just get a letter saying I don't owe the money back on my mortgage.

586
00:52:51,651 --> 00:52:52,391
So that's all fine.

587
00:52:52,451 --> 00:52:53,551
Let's do the hard reset thing.

588
00:52:53,551 --> 00:53:04,531
uh yeah but you see you know you know what what they don't understand is i'll give you an example

589
00:53:04,531 --> 00:53:13,911
of something coming back to um to zimbabwe for a little bit so we got to a point where like you

590
00:53:13,911 --> 00:53:19,951
know the hundred trillions and so on and so forth right and then things just crashed they just

591
00:53:19,951 --> 00:53:27,571
decided, you know what, they're suspending trading on the stock market until further notice.

592
00:53:28,051 --> 00:53:34,251
And then they came out after the whole suspension and said, okay, we are now dollarizing the economy.

593
00:53:35,171 --> 00:53:40,091
And all the bank balances were immediately converted to dollars. And then they came up,

594
00:53:40,211 --> 00:53:45,551
they had a different exchange rate that they used, which was different from what it had been

595
00:53:45,551 --> 00:53:51,191
officially. So imagine you had, let's say, I don't know, 200 trillion, whatever it is,

596
00:53:51,551 --> 00:53:57,211
maybe at the time it was the equivalent of about $20. But when they revalued it and reset,

597
00:53:57,211 --> 00:54:06,731
it then became maybe 10 cents or $2. So you have this whole, you know, wipe out of things,

598
00:54:07,051 --> 00:54:11,811
because now we have reset, we're coming back to, we're now using a different currency. So we have

599
00:54:11,811 --> 00:54:14,631
to reprice and revalue everything.

600
00:54:15,771 --> 00:54:18,831
Yes, for those that were fortunate enough

601
00:54:18,831 --> 00:54:21,431
maybe to have had mortgages or whatever

602
00:54:21,431 --> 00:54:24,711
before the whole thing collapsed,

603
00:54:25,131 --> 00:54:26,871
obviously, yes, you're able to pay it

604
00:54:26,871 --> 00:54:28,071
for pennies on the dollar.

605
00:54:28,531 --> 00:54:30,151
But that's not everyone's story.

606
00:54:31,011 --> 00:54:31,951
Everyone else.

607
00:54:32,471 --> 00:54:34,051
Now, imagine you had your pension,

608
00:54:34,751 --> 00:54:35,551
which was priced,

609
00:54:36,351 --> 00:54:37,591
hyperinflation aside,

610
00:54:37,671 --> 00:54:39,791
your pension is priced in the previous currency.

611
00:54:39,791 --> 00:54:52,031
And then when they revalued it, it meant that whatever pension you had probably got considerably shrunk, which is what happened to most people.

612
00:54:52,991 --> 00:55:06,251
So, again, I've seen a reset in what it does and how it actually works in practice, which is different from a lot of people who think about this in theoretical terms.

613
00:55:06,251 --> 00:55:12,191
there are winners and losers obviously but at the back of it most people will be losers because

614
00:55:12,191 --> 00:55:15,851
you're already on the back foot you're already dealing with inflation

615
00:55:15,851 --> 00:55:22,791
and whatever money that was in the bank that again you couldn't withdraw all of it because of with

616
00:55:22,791 --> 00:55:31,351
limitations that were put on it now is revalued repriced and then you're even told actually we

617
00:55:31,351 --> 00:55:35,971
are phasing out this currency in the meantime again that's what happened everything was

618
00:55:35,971 --> 00:55:43,251
converted officially dollarite and for a while that was the system that was going so even when

619
00:55:43,251 --> 00:55:51,151
you get to a point where that reset comes it's going to be very painful and it's probably more

620
00:55:51,151 --> 00:55:59,531
painful than people can grasp or imagine because it won't it won't be in anyone's or at least in

621
00:55:59,531 --> 00:56:04,791
the majority of people's favor of course the ones who own the money printer they're not going to be

622
00:56:04,791 --> 00:56:09,831
affected. But for those that are not close to the money printer in any way, shape or form,

623
00:56:09,911 --> 00:56:18,031
definitely that will hit hard. More so now when you then get like a CBDC being now the replacement

624
00:56:18,031 --> 00:56:24,491
of the system that is outgoing, that's where things will probably get even more crazy.

625
00:56:24,491 --> 00:56:35,171
it's it's interesting timing because uh in the uk there is a guy who started a new party

626
00:56:35,171 --> 00:56:42,551
and people are getting caught up in this idea that oh this time this time like you said we'll

627
00:56:42,551 --> 00:56:46,911
just vote harder get this guy and he's saying all the right things obviously he's saying

628
00:56:46,911 --> 00:56:52,311
nationalistic stuff populist stuff he's saying socialist stuff let's tap you know we need to

629
00:56:52,311 --> 00:56:57,411
uh cut taxes and we got you know and then he comes up and says and we have to pay off the

630
00:56:57,411 --> 00:57:02,171
national debt i've got a way of paying off the national debt and it's like whoa hang on

631
00:57:02,851 --> 00:57:10,091
to how are we paying it to whom do you owe that debt and why is it national like you know

632
00:57:10,091 --> 00:57:17,791
i'd like to take i'd like to buy a 10 bedroom house and go into debt and then call that part

633
00:57:17,791 --> 00:57:23,091
of the national debt and have, you know, everybody else pay off my mortgage for me that, you know,

634
00:57:23,151 --> 00:57:28,151
these governments that enter into these debt instruments with the central bank, because it's

635
00:57:28,151 --> 00:57:34,691
the central bank that, you know, ultimately prints the money by buying the government bonds.

636
00:57:34,851 --> 00:57:41,751
And then we are the ones left to pay via our tax dollars. But this is what I try and explain to

637
00:57:41,751 --> 00:57:50,311
people if the central bank can print whether it's u.s dollars or pounds or euros whenever they want

638
00:57:50,311 --> 00:57:58,791
for themselves and their their little club of mates why would they ever want it back they can

639
00:57:58,791 --> 00:58:05,911
have it whenever they want so what is it they truly want what do they truly want if you have

640
00:58:05,911 --> 00:58:10,811
an infinite amount of something in the first place you don't need any tom dick or harry coming back

641
00:58:10,811 --> 00:58:16,531
and said oh hey here by the way here's some more of that stuff like yeah okay loads of that um how

642
00:58:16,531 --> 00:58:21,671
about some natural resources bro do you have any of that do you have any uh gold tin copper iron

643
00:58:21,671 --> 00:58:27,251
ore do you have any lithium do you have any uh cobalt do you have any you know natural flowing

644
00:58:27,251 --> 00:58:33,811
rivers do you have any forests do you have any uh oil in the ground that that's the shit we really

645
00:58:33,811 --> 00:58:38,491
want that's what we're pushing people into depth for and people just miss that

646
00:58:38,491 --> 00:58:48,891
yes absolutely because of that again like words are important excuse me like what she said national

647
00:58:48,891 --> 00:58:57,711
debt how is it national was i present when these people were filling out the loan applications to

648
00:58:57,711 --> 00:59:04,851
whoever did i give my consent was i consulted so how is it national how am i part of this equation

649
00:59:04,851 --> 00:59:06,131
and so on and so forth.

650
00:59:06,811 --> 00:59:08,591
And it then gets to a point where,

651
00:59:08,931 --> 00:59:10,831
because these words are just thrown around

652
00:59:10,831 --> 00:59:13,491
and people never stop to ask, for the most part,

653
00:59:13,571 --> 00:59:16,471
what does this mean and why are we?

654
00:59:16,931 --> 00:59:19,111
There's this notion of the social contract

655
00:59:19,111 --> 00:59:22,311
that now that you have this government in charge,

656
00:59:23,051 --> 00:59:25,391
it's like there's a collective social contract,

657
00:59:25,571 --> 00:59:27,491
which I don't remember signing.

658
00:59:28,011 --> 00:59:31,731
I don't know how that makes it a contract.

659
00:59:31,731 --> 00:59:42,431
But anyway, the social contract through which, because it's a social contract, you're expected to do your bid, pay your taxes, and contribute money to the part to pay off this national debt.

660
00:59:42,871 --> 00:59:48,991
But at the same time, we all know the money creation process is primarily the drive of that national debt.

661
00:59:49,351 --> 00:59:50,551
And that's not going away.

662
00:59:50,631 --> 00:59:52,471
So how are we paying it off in the first place?

663
00:59:52,911 --> 00:59:59,811
If the same mechanism that created the debt in the first place is still intact, how in the world are we saying we are paying it off?

664
00:59:59,811 --> 01:00:05,691
it doesn't really make any sense but these are like you said talking points that

665
01:00:05,691 --> 01:00:11,351
as long as you're hitting the right bullet points during a campaign season or whatever

666
01:00:11,351 --> 01:00:18,411
there's definitely going to be some people that will rally and get behind that unfortunately

667
01:00:18,411 --> 01:00:24,091
yeah it's anyway all right the collapse has already happened

668
01:00:24,091 --> 01:00:32,111
could say uh this is uh yes this leads us perfectly into the other piece that we wanted to

669
01:00:32,111 --> 01:00:42,171
discuss today uh and again you posit that um people are thinking oh this is all gonna happen

670
01:00:42,171 --> 01:00:48,991
in 10 to 20 30 years time and you know we have to prepare but you're like no man like this is this

671
01:00:48,991 --> 01:01:00,391
happened decades ago like it's here living in the collapse that's it and that was also drawing on

672
01:01:00,391 --> 01:01:09,011
my previous experiences to say you know a lot of these things they do not happen like cataclysmically

673
01:01:09,011 --> 01:01:15,731
they happen gradually where it's one policy decision in this direction another policy

674
01:01:15,731 --> 01:01:21,571
decision in that direction and so on and so forth. And you can see where all of these things are

675
01:01:21,571 --> 01:01:28,451
leading to. So if I, let me just come to the Bitcoin community for a bit. Whenever there are

676
01:01:28,451 --> 01:01:32,851
discussions, or at least the discussions I've had or been privileged to listen to,

677
01:01:33,751 --> 01:01:40,171
where hyper-Bitcoinization is being discussed, it's discussed as an event, not as a process.

678
01:01:40,171 --> 01:01:59,451
So it's like something that's going to happen when the dollar collapses or when this happens and that other event happens and when all these things converge, then suddenly everyone is going to come to their senses and say, ah, actually, Bitcoin is, we have Bitcoin, so why don't we just switch over to Bitcoin?

679
01:02:00,451 --> 01:02:05,991
But when you have understood or at least studied a bit of history, you know human nature doesn't really work like that.

680
01:02:05,991 --> 01:02:11,991
it works in a sense where, like you saw what happened in 2008,

681
01:02:11,991 --> 01:02:13,991
everything kind of sort of collapsed.

682
01:02:13,991 --> 01:02:15,991
What was the reaction or the response to it?

683
01:02:15,991 --> 01:02:17,991
Let's print more. Let's save the banks.

684
01:02:17,991 --> 01:02:21,991
Let's save all these too big to fail firms.

685
01:02:21,991 --> 01:02:39,517
There wasn any step back to say actually what went wrong Why are we in this position How do we actually fix the problem no it was more of the band solutions which again pushed the problem even further and accelerated it

686
01:02:39,517 --> 01:02:45,877
and made the problem much bigger than it was to begin with therefore you know that there's going

687
01:02:45,877 --> 01:02:51,637
to be some type of event coming similar to that but it'll be bigger maybe it'll be a sovereign

688
01:02:51,637 --> 01:02:57,657
debt crisis maybe it will be a currency crisis who knows because a lot of these things especially

689
01:02:57,657 --> 01:03:04,817
now with wars blowing up all over the place it could be anything at any time so the question is

690
01:03:04,817 --> 01:03:11,777
how do you actually think about this idea of hyper-bikinization are you waiting for an event

691
01:03:11,777 --> 01:03:21,477
or do you start at your level to say of let's say if i'm if my monthly spend is the

692
01:03:21,477 --> 01:03:28,357
equivalent of $1,000, as an example, what percentage of that am I going to be using Bitcoin

693
01:03:28,357 --> 01:03:35,117
mostly to buy things as a medium of exchange so that you're not waiting for some central banker

694
01:03:35,117 --> 01:03:41,177
or government official to tell you that, oh, now we can use it as legal tender, but you're already

695
01:03:41,177 --> 01:03:48,057
getting off of that system slowly and surely. You're weaning yourself off of it. And even better

696
01:03:48,057 --> 01:03:54,697
if you're earning or at least also structuring things in such a way that your income is

697
01:03:54,697 --> 01:03:59,117
denominated in Bitcoin and then you're earning it, you're spending it.

698
01:03:59,577 --> 01:04:03,877
So by the time you then have this cataclysmic event, if it happens, let's say during our

699
01:04:03,877 --> 01:04:09,197
lifetime, then yeah, you're sorted because you've already divorced yourself from the

700
01:04:09,197 --> 01:04:09,717
system.

701
01:04:09,917 --> 01:04:15,177
But if we're going to wait and say, okay, we'll wait for hyper-bequinization up until

702
01:04:15,177 --> 01:04:19,837
then I'll just, you know, just pack my sad somewhere and huddle and huddle, huddle, huddle

703
01:04:19,837 --> 01:04:20,397
endlessly.

704
01:04:21,717 --> 01:04:28,337
We don't know how many more years we have of this fiat system, because at every turn,

705
01:04:28,837 --> 01:04:32,197
there's always going to be some wise guy who's going to figure out a way.

706
01:04:32,657 --> 01:04:38,317
Of course, it'll get to an end, but where they just try to figure out a way to extend

707
01:04:38,317 --> 01:04:40,297
the life of the system.

708
01:04:40,297 --> 01:04:58,557
It happened in 71. We saw it in 2008. And you saw it again during COVID when the lockdowns happened and everyone was, when the repo market started to seize up, I think that was around about 2019. And they just flooded money into the system.

709
01:04:58,557 --> 01:05:04,317
So where you, where in rationally you would look at that and say, oh, the collapse is here.

710
01:05:04,477 --> 01:05:10,017
That event is definitely, definitely going to bring about, you know, the collapse.

711
01:05:10,017 --> 01:05:15,997
But you'll just see the system throw some other wrench or some other trick.

712
01:05:16,377 --> 01:05:20,877
Not to say that it then stops the inevitable, but it can delay it.

713
01:05:21,557 --> 01:05:27,717
So at the end of the day, if you start to think about it, that because all the wrong decisions have already been made.

714
01:05:28,557 --> 01:05:31,597
where you can see that eventually this is where things are headed.

715
01:05:32,217 --> 01:05:35,597
The smart move isn't to wait for an event,

716
01:05:35,897 --> 01:05:38,757
but at least to start to set up processes

717
01:05:38,757 --> 01:05:42,137
where you remove yourself from the system

718
01:05:42,137 --> 01:05:44,557
to a point where when that happens,

719
01:05:44,637 --> 01:05:47,877
when this dishonest system eventually collapse,

720
01:05:47,957 --> 01:05:51,357
whenever that will be, it doesn't affect you.

721
01:05:51,357 --> 01:05:53,537
If that doesn't happen during your lifetime,

722
01:05:53,717 --> 01:05:55,797
still it's fine because you would have been using

723
01:05:55,797 --> 01:05:57,277
the hardest money on the planet.

724
01:05:57,277 --> 01:06:08,777
And at the end of the day, as inflation ravages and kicks in, your cost of living is actually going down if you are spending on earning in SAT.

725
01:06:12,357 --> 01:06:15,937
You're able to plan out your things properly.

726
01:06:16,377 --> 01:06:19,797
Your time preference is low and sit correctly.

727
01:06:19,797 --> 01:06:26,457
and even as an individual if you're working or you have a business it then puts you in a position

728
01:06:26,457 --> 01:06:34,197
where you can even plan multi-generationally or the for the longevity of that business whereas

729
01:06:34,197 --> 01:06:40,937
right now on a fiat standard there is no guarantee because yes like we're describing earlier you're

730
01:06:40,937 --> 01:06:47,037
sucked in you've got all kinds of debts and loans that are on the book and then when the repricing

731
01:06:47,037 --> 01:06:52,537
happens or when you have an event like COVID and if someone decides, oh, your business is non-essential,

732
01:06:53,397 --> 01:07:00,377
let's shut it down. And then you shut it down. It becomes one of those situations,

733
01:07:00,377 --> 01:07:05,557
just like we saw during COVID where a lot of businesses that did shut down never came back

734
01:07:05,557 --> 01:07:13,617
eventually. So it's really a new framework that I was just using to really, well, not exactly new,

735
01:07:13,617 --> 01:07:17,697
but I think a rational framework to really look at it and say,

736
01:07:17,837 --> 01:07:20,137
if all the wrong decisions have already been made,

737
01:07:20,597 --> 01:07:21,977
and if they keep being made,

738
01:07:22,637 --> 01:07:25,977
then why are we waiting for a specific event

739
01:07:25,977 --> 01:07:29,457
as if it's going to be like a dog whistle or a signal to tell you,

740
01:07:29,537 --> 01:07:31,857
okay, now it's good for you to,

741
01:07:32,797 --> 01:07:34,257
or for hyper-bricornization,

742
01:07:34,597 --> 01:07:36,677
because the people on the other side of the table

743
01:07:36,677 --> 01:07:39,737
already have plans of,

744
01:07:40,217 --> 01:07:41,797
once the system collapses,

745
01:07:42,097 --> 01:07:43,577
this is what we're going to bring in.

746
01:07:43,617 --> 01:07:49,957
so if we are then at a place where you're saying to yourself we're waiting for hyperpeconization

747
01:07:49,957 --> 01:07:56,797
and they already have another system to replace the outgoing one how is that going to really pan

748
01:07:56,797 --> 01:08:03,917
out so it's a again taking the bulls by the horns and not just leaving things to fate to just say

749
01:08:03,917 --> 01:08:09,657
let's just start where we are with what we have and then build up from there and then you already

750
01:08:09,657 --> 01:08:15,137
have a fully functional parallel system to a point that even if this thing keeps chugging and going

751
01:08:15,137 --> 01:08:21,857
and limping on, why would you want to be part of a system that is stealing your time and your

752
01:08:21,857 --> 01:08:27,617
purchasing power in the first place? When you can build something better and be part of something

753
01:08:27,617 --> 01:08:35,937
that actually takes you further and where you can actually enjoy the fruits of your labor in a much

754
01:08:35,937 --> 01:08:42,837
more structured way where no central banker is stealing from you and you're not being beaten down

755
01:08:42,837 --> 01:08:49,637
by inflation and all these other things and you get to transact with whoever whenever i think that's

756
01:08:49,637 --> 01:09:01,377
a fair deal yeah mate it's um i don't know you the the way that you describe it in your writing

757
01:09:01,377 --> 01:09:03,557
where did you get that skill from

758
01:09:03,557 --> 01:09:11,377
well I guess from talking to myself and reading a lot

759
01:09:11,377 --> 01:09:20,357
listening to podcasts like yours where there are a lot of interesting people and then

760
01:09:20,357 --> 01:09:24,297
you know you start to connect the dots that way obviously with some of these things you

761
01:09:24,297 --> 01:09:31,297
there are some things that you'll probably feel on a fundamental level and then you have to

762
01:09:31,297 --> 01:09:37,797
just translate that to words so that you can because one of my thing is particularly what

763
01:09:37,797 --> 01:09:46,597
got me writing in the first place it was this idea of i want to help other people see the world in

764
01:09:46,597 --> 01:09:53,137
this way who may have not had the privilege of experiencing what i experienced or going through

765
01:09:53,137 --> 01:10:00,317
some of the stuff that i've gone through or have the background that i have but at least grant them

766
01:10:00,317 --> 01:10:05,617
the benefit of the wisdom that came out of all of that, where in a few couple of minutes,

767
01:10:05,617 --> 01:10:10,457
you can just have a read, whether you agree with it or not, at least it'll give you kind of a

768
01:10:10,457 --> 01:10:18,617
different lens and perspective to look at things from. So that's really the goal there to just,

769
01:10:19,457 --> 01:10:24,897
because there are two ways of doing, you know, education and orange pilling, as it's commonly

770
01:10:24,897 --> 01:10:30,237
called, where you can just tell people this is how Bitcoin works, this is how you use it.

771
01:10:30,337 --> 01:10:33,257
And that's great and definitely important for a lot of people.

772
01:10:33,437 --> 01:10:36,677
But you then have a group of people where they're now in Bitcoin.

773
01:10:37,177 --> 01:10:38,957
They sort of understand the fundamentals.

774
01:10:40,337 --> 01:10:41,077
Then what?

775
01:10:41,077 --> 01:10:49,917
How do you then sort of keep them in that framework or at least in that place where

776
01:10:49,917 --> 01:10:57,117
you're thinking as a sovereign individual, as somebody that at the end of the day, for

777
01:10:57,117 --> 01:10:58,997
those that want freedom, right?

778
01:10:59,397 --> 01:11:01,497
Of course, some are looking for number go up.

779
01:11:01,577 --> 01:11:08,477
But if what you're looking for is being divorced from this system and building something different

780
01:11:08,477 --> 01:11:15,077
and having a different sort of life, then this is perhaps part of why I write and try

781
01:11:15,077 --> 01:11:21,717
to put some of these perspectives in front of people to just, you know, ignite something or

782
01:11:21,717 --> 01:11:27,557
inspire different thought or a different way of thinking, whether or not they agree with the full

783
01:11:27,557 --> 01:11:33,397
content of what I would have put across, but at least it'll get you to sit back and say, huh,

784
01:11:33,617 --> 01:11:37,077
I never thought about this that way, or I never looked at this in that manner.

785
01:11:37,077 --> 01:11:46,977
so the the last piece that um you've got up here uh is titled the network always wins and you've

786
01:11:46,977 --> 01:11:54,677
got two parts there yes and it's interesting how you approach this because just by reading the title

787
01:11:54,677 --> 01:11:59,637
the network always wins uh most people would think oh right yeah okay so it's going to be

788
01:11:59,637 --> 01:12:00,697
plain sailing for Bitcoin.

789
01:12:02,257 --> 01:12:06,017
Obviously, Bitcoin has been under constant attack

790
01:12:06,017 --> 01:12:10,097
since the minute that, well, not the minute it launched

791
01:12:10,097 --> 01:12:12,897
because obviously there's only a very few small amount

792
01:12:12,897 --> 01:12:15,417
of people like the cypherpunks that even knew existed.

793
01:12:15,837 --> 01:12:21,637
But the minute it captured some kind of fiat

794
01:12:21,637 --> 01:12:24,777
mainstream attention, it would have been under attack.

795
01:12:25,237 --> 01:12:28,737
Through these Epstein file leaks, we're getting an insight

796
01:12:28,737 --> 01:12:34,357
as to how early these type of people were onto it and looking at it.

797
01:12:35,077 --> 01:12:39,437
And do you want to actually kind of go through your thinking here?

798
01:12:39,477 --> 01:12:42,497
Because obviously, you know, you're talking about,

799
01:12:43,337 --> 01:12:45,397
well, if we look at the fiat network, right?

800
01:12:45,397 --> 01:12:48,617
The fiat network always wins.

801
01:12:49,637 --> 01:12:59,603
Like always Yeah So yeah I think you know when the whole Epstein saga dropped

802
01:13:01,303 --> 01:13:04,103
and even before it dropped, one thing was always clear,

803
01:13:04,503 --> 01:13:07,143
that the system was always going to protect itself, right?

804
01:13:07,823 --> 01:13:13,163
And even from the time, if you wind the clock back to when 2019,

805
01:13:14,023 --> 01:13:19,403
when the news came out that he had, quote, unquote, committed suicide,

806
01:13:19,903 --> 01:13:26,823
it then became clear that whether he did really commit suicide or that was staged, whatever the case is,

807
01:13:28,083 --> 01:13:38,963
that by removing him from the chessboard, it then removes a lot of unnecessary baggage that the powers that be did not want to deal with.

808
01:13:39,763 --> 01:13:49,583
So what you'll see there is, and even now with the quote-unquote release that happened, where you know, okay, this is not really everything.

809
01:13:49,903 --> 01:13:55,823
But this is enough to pacify the masses who are clamoring and calling out for their release.

810
01:13:56,283 --> 01:14:02,563
So at the end of the day, it then gets to a point where even the way the release happened, it was very coordinated.

811
01:14:02,823 --> 01:14:06,083
You had a lot of things that were redacted and so on and so forth.

812
01:14:06,243 --> 01:14:08,063
And there was a whole mess behind it.

813
01:14:08,063 --> 01:14:14,323
Thankfully, there were a lot of other investigative journalists that have done great work on this to sort of shed light on it.

814
01:14:14,463 --> 01:14:19,343
So there were a lot of other things that you could sort of piece together if you had been paying attention.

815
01:14:19,903 --> 01:14:23,683
But the point I was driving at is this is not just one person.

816
01:14:23,683 --> 01:14:32,083
This is a network of individuals that are moving, that are coordinating because their interests are aligned.

817
01:14:32,863 --> 01:14:38,983
So as a result, whether they have personal differences or not, whether they agree with each other on everything or not,

818
01:14:39,263 --> 01:14:45,323
the point is at the end of the day, they have this mechanism through which they coordinate,

819
01:14:45,323 --> 01:14:52,223
whether it's pandemics from against some of the stuff that was released where he was talking about

820
01:14:52,223 --> 01:14:57,543
we could actually make a lot of money out of this or it's just a scenario where you're looking at it

821
01:14:57,543 --> 01:15:08,583
from um how even the fiat system works that if we go back to 2008 all the banks were almost belly up

822
01:15:08,583 --> 01:15:14,523
and then the bailouts came for wall street there were no bailouts for main street all they got were

823
01:15:14,523 --> 01:15:20,603
foreclosures. So that's how the system always protects itself because it operates as a network.

824
01:15:20,603 --> 01:15:29,603
It doesn't operate independently as independent nodes, as it were. And Bitcoin as a network is

825
01:15:29,603 --> 01:15:40,263
kind of the same way that when you look at it, at least the architecture of it, it was designed

826
01:15:40,263 --> 01:15:48,523
in such a way that you don't have one group of people having some power over another it's sort of

827
01:15:48,523 --> 01:15:55,923
like balanced out perfectly and over and above that the decentralized nature of it means that

828
01:15:55,923 --> 01:16:03,603
whilst you have individuals from different parts of the world their incentive the incentives and

829
01:16:03,603 --> 01:16:08,923
their interests are always aligned because of how the incentive structure of the whole network is

830
01:16:08,923 --> 01:16:15,163
designed. So as a result, despite whatever attacks have come so far, it has been able to withstand

831
01:16:15,163 --> 01:16:24,983
them. But the fiat network, given that it's not just a decentralized type network, it's very much

832
01:16:24,983 --> 01:16:31,623
centralized, and it's very much about controlling power and resources and all of this. And it also

833
01:16:31,623 --> 01:16:38,343
has different branches and different nodes that enable it to remain what it is. So my idea or the

834
01:16:38,343 --> 01:16:46,723
thought process behind that was trying to just put out the perspective of that whilst yes we have

835
01:16:46,723 --> 01:16:55,583
this decentralized system the network that has been built but this is just layer one and this

836
01:16:55,583 --> 01:17:01,783
is layer one in the sense that now that you have taken the transaction part of it or the money

837
01:17:01,783 --> 01:17:08,243
exchange or value exchange part of it outside of the control let's say of central bankers and you

838
01:17:08,243 --> 01:17:14,883
have created something that can create or at least have money or value transmitted peer-to-peer

839
01:17:14,883 --> 01:17:25,223
and that can you know um where the mining process brings out like a lot of uh there is a limit to

840
01:17:25,223 --> 01:17:30,303
there's a 21 million limit but it's through the mining process not through money printing that we

841
01:17:30,303 --> 01:17:37,723
have um new bitcoins coming into the ecosystem up until that 21 million limit is reached so as a

842
01:17:37,723 --> 01:17:44,683
result, I was basically saying, there is more to this than just this network. This is when

843
01:17:44,683 --> 01:17:50,883
something like NOSTA then comes in on top of that, where again, it's borrowing the same principles

844
01:17:50,883 --> 01:17:58,123
and borrowing the same idea and creating this decentralized network where now, in addition to

845
01:17:58,123 --> 01:18:05,403
communicating and in addition to owning your own identity, you are now also able to transmit

846
01:18:05,403 --> 01:18:08,303
and transact value via NOSTER.

847
01:18:09,243 --> 01:18:14,603
So you now have two networks, and there are more definitely

848
01:18:14,603 --> 01:18:16,363
that will come and some that are there,

849
01:18:16,843 --> 01:18:21,703
where these networks then enable other alternative,

850
01:18:21,703 --> 01:18:26,763
you can say, services and products and businesses

851
01:18:26,763 --> 01:18:33,243
that are outside or, let me say, in that parallel structure

852
01:18:33,243 --> 01:18:34,783
to exist and to operate.

853
01:18:35,403 --> 01:19:00,183
So now from that perspective, that's where I was really coming from. And that's the idea I was trying to really hit on. These things, some of them, they need to be thought about from a network perspective, because what you're dealing with on the fiat side, it's not an individual. It's not Christine Lagarde or Jerome Powell or any of these people. These are just the faces that we are seeing today.

854
01:19:00,183 --> 01:19:05,063
and tomorrow there'll be other faces that are going to come and represent those systems.

855
01:19:05,503 --> 01:19:07,323
But this thing operates as a network.

856
01:19:08,043 --> 01:19:13,923
And if this thing is going to be defeated, it also has to come up against another network

857
01:19:13,923 --> 01:19:17,883
or other networks that are designed to make this obsolete.

858
01:19:19,323 --> 01:19:25,843
Without that, it's very easy to squash an individual here, squash an individual there.

859
01:19:25,843 --> 01:19:32,143
and that is perhaps part of why i'm excited or what excites me about the decentralized

860
01:19:32,143 --> 01:19:38,683
architecture of bitcoin as well as nostr in that because there's no central choke point

861
01:19:38,683 --> 01:19:46,823
no one can then shut this thing down or shut this company down or whatever if you remember what

862
01:19:46,823 --> 01:19:53,103
happened to that other project that facebook was trying to do a couple of years back i think it

863
01:19:53,103 --> 01:20:00,343
was some sort of stable coin it was very easy for congress to just issue um uh what did they

864
01:20:00,343 --> 01:20:07,003
a directive to just say no you can't do that and that was the end of that it's not so much about

865
01:20:07,003 --> 01:20:11,883
whether you agree with zuckerberg or not but the point is when you have something centralized

866
01:20:11,883 --> 01:20:19,583
and that is tied to a specific jurisdiction when that jurisdiction gets hostile they can just shut

867
01:20:19,583 --> 01:20:27,323
you down bitcoin the china uh you remember when the whole chinese mining saga happened and a lot of

868
01:20:27,323 --> 01:20:33,123
the hash rate went down the network still kept going on yes the hash rate was less than before

869
01:20:33,123 --> 01:20:40,643
but it's self-adjusted so that's how at least now if we're going to think about it these are

870
01:20:40,643 --> 01:20:45,183
some of the ways i think make sense when we are building whether businesses with the product

871
01:20:45,183 --> 01:20:49,203
or when we're building on top of these pre-existing networks

872
01:20:49,203 --> 01:20:52,423
like Bitcoin and Nostra and whatever else is going to come out.

873
01:20:52,883 --> 01:20:57,343
So I even highlighted a couple of examples of the differences

874
01:20:57,343 --> 01:21:02,223
of how some product services networks remained resilient

875
01:21:02,223 --> 01:21:04,043
and why some went away.

876
01:21:05,883 --> 01:21:10,663
Napster is an interesting, I don't know if I put that in there,

877
01:21:10,763 --> 01:21:14,303
but I remember when I was writing, it was there in my draft,

878
01:21:14,303 --> 01:21:16,143
I don't know if it made it to the final cut.

879
01:21:17,423 --> 01:21:19,743
But I looked at the whole thing.

880
01:21:19,883 --> 01:21:23,103
You remember when music was going digital

881
01:21:23,103 --> 01:21:26,903
and Napster started the whole file sharing craze back in America

882
01:21:26,903 --> 01:21:29,883
and it was very easy for the record companies

883
01:21:29,883 --> 01:21:34,163
to just unite one voice before long Napster were out of business.

884
01:21:35,723 --> 01:21:38,243
But Pirate Bay, on the other hand,

885
01:21:38,803 --> 01:21:42,403
there wasn't any centralized choke point.

886
01:21:42,403 --> 01:21:48,743
So whenever there was an order or whatever to take court order to take this down here, it would pop up there.

887
01:21:48,863 --> 01:21:50,923
Take it down over here, it would pop up there.

888
01:21:51,163 --> 01:21:52,603
And to this day, it still exists.

889
01:21:52,723 --> 01:21:54,063
It's resilient like that.

890
01:21:54,923 --> 01:22:02,243
And this is how I think, particularly for people that are interested in preserving their freedom and their sovereignty,

891
01:22:02,863 --> 01:22:06,363
these are the tools and systems we need at the end of the day,

892
01:22:06,363 --> 01:22:13,363
because what's coming against you is a coordinated network that comprises of BIS, the Federal Reserve,

893
01:22:13,683 --> 01:22:21,003
the ECB, the Bank of England, and their other corporate partners, Big Tech, Google, Facebook, you name it.

894
01:22:21,963 --> 01:22:29,923
How do you then defeat that entire machine as a small business owner, doing your thing in the side,

895
01:22:29,923 --> 01:22:36,303
operating independently? It's very difficult to resist once the weight of that full entire

896
01:22:36,363 --> 01:22:39,403
where a thing comes down on you, just like we saw during COVID.

897
01:22:40,183 --> 01:22:42,643
That it was just like...

898
01:22:42,643 --> 01:22:46,843
And that was another perfect example of how a network operates,

899
01:22:46,963 --> 01:22:50,783
where it was in tandem when the lockdowns were announced.

900
01:22:50,923 --> 01:22:54,123
It was like globally, everything was just in sync, right?

901
01:22:54,183 --> 01:22:57,143
Because this thing had been wargamed, event 201,

902
01:22:57,443 --> 01:22:58,563
and all these other things.

903
01:22:59,143 --> 01:23:01,203
So now when the moment came to act,

904
01:23:02,723 --> 01:23:04,823
everyone else was shocked, but they were not,

905
01:23:04,823 --> 01:23:09,103
Because the messaging, everything had been tailored, had been pre-planned, had been re-heard.

906
01:23:09,683 --> 01:23:09,783
Right.

907
01:23:09,943 --> 01:23:11,983
Yes, there were many mistakes that were made.

908
01:23:11,983 --> 01:23:19,863
But ultimately, I would say when you start to look at what they're doing on the other side,

909
01:23:19,889 --> 01:23:23,309
that should also then inform how we build

910
01:23:23,309 --> 01:23:25,669
and the kind of things we build

911
01:23:25,669 --> 01:23:28,669
and how we are thinking about them.

912
01:23:30,549 --> 01:23:31,109
Yeah.

913
01:23:31,689 --> 01:23:33,029
Yeah, brilliant, mate.

914
01:23:33,229 --> 01:23:34,829
Well, we'll end it here.

915
01:23:34,969 --> 01:23:36,469
I'll ask you the final question.

916
01:23:37,369 --> 01:23:39,729
Where can people find your writing?

917
01:23:39,869 --> 01:23:41,469
Is it best just to follow you on Noster

918
01:23:41,469 --> 01:23:43,429
or get over to your briefly.social?

919
01:23:46,209 --> 01:23:48,649
Currently on Noster

920
01:23:48,649 --> 01:23:50,129
and I have a substack,

921
01:23:50,329 --> 01:23:53,589
but I publish on Noster first

922
01:23:53,589 --> 01:23:55,809
and eventually it will be Noster only.

923
01:23:56,329 --> 01:23:56,649
Okay.

924
01:23:57,129 --> 01:23:58,129
But substack is,

925
01:23:58,349 --> 01:24:00,969
it's basically now at least to try

926
01:24:00,969 --> 01:24:02,449
and have some sort of presence

927
01:24:02,449 --> 01:24:04,389
where I don't just preach to the choir.

928
01:24:05,269 --> 01:24:07,229
There could be one or two other people

929
01:24:07,229 --> 01:24:09,229
on the outskirts who at this point

930
01:24:09,229 --> 01:24:10,589
may not be on Noster.

931
01:24:10,849 --> 01:24:12,069
So I do have a substack.

932
01:24:12,209 --> 01:24:13,429
It's called Exit the Matrix.

933
01:24:14,129 --> 01:24:16,189
And that's where I publish my writing

934
01:24:16,189 --> 01:24:18,309
as well as on Noster primarily.

935
01:24:18,649 --> 01:24:26,529
that those are the only two outlets i have at the moment okay i'll put the link in the show notes and

936
01:24:26,529 --> 01:24:33,389
i'll link to your uh nostal end pub and anywhere anywhere else that you're happy for me to uh to

937
01:24:33,389 --> 01:24:41,149
point uh the the good plebs uh who have listened so thank you very much for coming on but i can't

938
01:24:41,149 --> 01:24:47,169
let you go without asking you if you had one last orange pill left to give to somebody who would you

939
01:24:47,169 --> 01:24:59,569
give it to and why? Oh, that's an interesting question. I would give it to Christine Lagarde.

940
01:25:03,569 --> 01:25:08,629
Not because, and the reason why specifically her,

941
01:25:08,629 --> 01:25:17,149
it's just a way of saying look at the end of the day this is

942
01:25:17,149 --> 01:25:25,209
this is the currency of the future no matter what digital euro or anything else that you're cooking

943
01:25:25,209 --> 01:25:30,749
up this is the orange pill that you need and it's about time you got on the train

944
01:25:30,749 --> 01:25:37,349
and whether or not you'll eventually use the orange pill is irrelevant but

945
01:25:37,349 --> 01:25:42,949
that's if i had one last orange pill to give that's the person i would give it to

946
01:25:42,949 --> 01:25:56,478
excellent well thank you so much for coming on mate and thanks again to Aza for getting us in touch will you be doing any conferences or anything like that have you got any plans in

947
01:25:56,478 --> 01:26:00,138
store where you might be able to meet up in real life with people or are you

948
01:26:00,138 --> 01:26:03,178
happy to stay low and as anonymous as possible

949
01:26:03,178 --> 01:26:12,678
not at the moment but definitely eventually I I do plan on doing conferences probably

950
01:26:12,678 --> 01:26:16,138
in the next couple of months or maybe sometime next year.

951
01:26:17,358 --> 01:26:20,818
Currently, I'm working on a book project,

952
01:26:20,998 --> 01:26:23,638
which I hope to complete before the end of the year,

953
01:26:24,198 --> 01:26:25,718
or at least in the next couple of months.

954
01:26:25,718 --> 01:26:29,798
And I think after that, I will be having a lot more free time

955
01:26:29,798 --> 01:26:33,558
to mix and mingle at some of the conferences.

956
01:26:33,798 --> 01:26:39,698
But for now, I'll be writing and working on that in the meantime.

957
01:26:39,698 --> 01:26:46,438
yeah okay well i look forward to that dropping and reading that and once that's all done perhaps

958
01:26:46,438 --> 01:26:51,258
we'll get you back on early next year and go through the book and uh and everything that's

959
01:26:51,258 --> 01:26:59,318
happened my goodness we've got a lot to unfold in 2026 for bitcoin uh so it's going to be an

960
01:26:59,318 --> 01:27:06,218
interesting ride this year and uh yeah looking forward to to reading the book and um getting in

961
01:27:06,218 --> 01:27:08,118
getting back inside your thoughts.

962
01:27:08,758 --> 01:27:10,418
So, yeah, thank you for

963
01:27:10,418 --> 01:27:12,378
absolutely. Thank you for

964
01:27:12,378 --> 01:27:13,558
stepping up and

965
01:27:13,558 --> 01:27:16,198
everything you're doing to educate

966
01:27:16,198 --> 01:27:18,358
people, you know, not just about

967
01:27:18,358 --> 01:27:20,238
Bitcoin, but about the wider system.

968
01:27:20,558 --> 01:27:22,118
And I'm sure

969
01:27:22,118 --> 01:27:24,358
your writing is going to be resonating

970
01:27:24,358 --> 01:27:25,938
and helping people

971
01:27:25,938 --> 01:27:27,838
come to, you know,

972
01:27:27,918 --> 01:27:29,918
it's going to be part of their own

973
01:27:29,918 --> 01:27:31,278
rabbit hole journey.

974
01:27:32,198 --> 01:27:33,698
And that's important.

975
01:27:34,078 --> 01:27:34,898
More material.

976
01:27:36,218 --> 01:27:44,158
yes no thank you so much for having me Daniel I appreciate the time and yes hopefully um my

977
01:27:44,158 --> 01:27:50,078
writing can help a lot of people along down along their Bitcoin journey to just arrive at the same

978
01:27:50,078 --> 01:27:56,238
conclusion that we've all arrived at and even beyond that so yes that's the goal actually

979
01:27:56,238 --> 01:28:01,138
absolutely all right have a great afternoon thank you for your time today

980
01:28:01,138 --> 01:28:05,498
same to you thank you very much see you bye-bye

981
01:28:06,218 --> 01:28:09,998
There you go guys, thank you so much for listening.

982
01:28:10,138 --> 01:28:26,466
Thanks again Kudzai for coming on Lots to chew over on that conversation The national debt part of that i hope that hitting home don be gaslit into believing you owe the money back to the central

983
01:28:26,466 --> 01:28:33,686
bankers that your government just willy-nilly borrowed from right this is the the the sickest

984
01:28:33,686 --> 01:28:41,006
part of the whole smoke and mirrors hand-waving game that we've been completely coerced into

985
01:28:41,006 --> 01:28:52,866
being a part of get over read his work support him however you can zap him share his articles

986
01:28:52,866 --> 01:28:59,106
do whatever it is that you can do in your power reach out to him congratulate him I don't know

987
01:28:59,106 --> 01:29:04,466
what it is we've just got to try and help these people that are leaning into the space in any way

988
01:29:04,466 --> 01:29:13,086
shape or form that they can in order to help people understand what bitcoin is what is actually

989
01:29:13,086 --> 01:29:21,566
going on under their noses macroeconomics keynesian economics exposing the whole sham

990
01:29:21,566 --> 01:29:31,886
of fiat currencies and why and how we can all you know live in a much better existence

991
01:29:31,886 --> 01:29:37,146
if we can start just opting out of using their money

992
01:29:37,146 --> 01:29:41,066
and start using a sounder form of money

993
01:29:41,066 --> 01:29:43,866
that is available to everybody across the whole world

994
01:29:43,866 --> 01:29:48,326
and a global currency without borders.

995
01:29:48,826 --> 01:29:50,686
I mean, this is what we're building here.

996
01:29:51,146 --> 01:29:54,086
Rome wasn't built in a day, as they say,

997
01:29:54,506 --> 01:29:57,226
and this is going to be one step at a time

998
01:29:57,226 --> 01:29:59,526
and it's going to be a lot of grassroots efforts.

999
01:29:59,526 --> 01:30:02,026
It has been ever since it started.

1000
01:30:03,026 --> 01:30:07,546
So yeah, let's keep the work rate high.

1001
01:30:07,966 --> 01:30:09,226
Like I said at the beginning,

1002
01:30:09,786 --> 01:30:14,846
if you want to find out what's going on around the UK in particular,

1003
01:30:15,486 --> 01:30:18,566
there's a weekly What's On Guide for UK Bitcoiners

1004
01:30:18,566 --> 01:30:21,426
brought to you from the Bitcoin Events UK team,

1005
01:30:21,986 --> 01:30:23,966
which is basically HODL solo.

1006
01:30:24,586 --> 01:30:27,086
That's highlighting real meetups, real people,

1007
01:30:27,086 --> 01:30:30,086
and real adoption that's happening on the ground.

1008
01:30:30,086 --> 01:30:33,086
And you will get that every Sunday morning.

1009
01:30:33,086 --> 01:30:36,086
So you can plan your week around your Bitcoin events

1010
01:30:36,086 --> 01:30:52,815
or simply head over to Club Orange and start your own meetup list your own meetup or find one or find your nearest Bitcoiners Just had a friend of mine recently move to the south of the UK He only going to

1011
01:30:52,815 --> 01:30:58,775
be in town for like three or four months at the absolute most with his family as they're doing

1012
01:30:58,775 --> 01:31:05,775
their world traveling trip as you can learn about how we did as well by checking out a copy of my

1013
01:31:05,775 --> 01:31:12,155
book Choose Life and he's just spun up a local meetup while he's there and already met two or

1014
01:31:12,155 --> 01:31:16,175
three people within the area that are like oh my god this is amazing I can't believe we got a meetup

1015
01:31:16,175 --> 01:31:23,375
in our little town in our little village be that guy be that guy be that guy to just start something

1016
01:31:23,375 --> 01:31:28,355
and inspires people to come along and meet strangers in a pub and just like the good old days

1017
01:31:28,355 --> 01:31:35,015
where you would sit down in a pub over a pint and discuss the the state of the world and where we're

1018
01:31:35,015 --> 01:31:40,455
heading if we can move to a bitcoin standard and what can we what can we do to to to forward this

1019
01:31:40,455 --> 01:31:46,535
message uh there's a new podcast out uh that's been started by a couple of lads from our local

1020
01:31:46,535 --> 01:31:53,735
meetup orange pill order you got three teenage lads talking about bitcoin interviewing people

1021
01:31:53,735 --> 01:31:59,835
from all over the world so go and check that out too and um and lean in however you can uh

1022
01:31:59,835 --> 01:32:03,175
And finally, last shout out, as always, to the show sponsors.

1023
01:32:03,715 --> 01:32:08,055
I said at the beginning, Relay are going to be, it's the last show for Relay.

1024
01:32:08,195 --> 01:32:09,015
Thank you very much.

1025
01:32:09,435 --> 01:32:12,795
R-E-L-A-I.ch forward slash bits and download the app today.

1026
01:32:12,895 --> 01:32:14,655
Start stacking your sats.

1027
01:32:14,655 --> 01:32:23,395
If you are unsure of where to start buying Bitcoin, ask another Bitcoiner, you know,

1028
01:32:23,495 --> 01:32:28,855
someone you meet, preferably in real life, an event or a conference.

1029
01:32:28,855 --> 01:32:31,795
and start doing your own research.

1030
01:32:31,935 --> 01:32:35,415
There are different exchanges and different apps that you can use,

1031
01:32:35,495 --> 01:32:37,475
but then always please self-custody.

1032
01:32:37,855 --> 01:32:40,795
So you can get over to bitbox.swiss forward slash bitten.

1033
01:32:41,335 --> 01:32:45,415
And if you want to up your education or help in any way with education of Bitcoin,

1034
01:32:45,515 --> 01:32:47,615
go check out my first Bitcoin.

1035
01:32:48,335 --> 01:32:49,395
Get to a conference.

1036
01:32:49,395 --> 01:32:54,455
We've got Bitcoin Dublin in May and Prague in June, Helsinki in September,

1037
01:32:54,655 --> 01:32:56,675
all offering you a discount using the code bitten.

1038
01:32:57,255 --> 01:32:58,535
All these links are in the show notes.

1039
01:32:58,535 --> 01:33:03,075
There's more links in the show notes as well to other goods and services from other Bitcoin companies.

1040
01:33:03,855 --> 01:33:05,575
Thank you so much, everybody, for listening.

1041
01:33:05,755 --> 01:33:06,695
I really appreciate you.

1042
01:33:07,015 --> 01:33:08,055
I'll catch you on the next show.