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And we are live. Welcome back to The Unknown Pod. My name is Jordan Bush. I'm the executive

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director of TGFB Media, which exists to help Christians understand and use Bitcoin for the

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glory of God and the good of people everywhere. Today, you might be thinking to yourself, wait,

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there's supposed to be more Mountain Presby's. And you are right. If you're thinking that,

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you are right. We are one Tim down. We are one teaching elder down. We are also an Iowan boy

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down. So Oshawa is off gallivanting around the Pacific Northwest. Tim, who knows what he's doing,

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probably reading a book. He's lost in the heavenlies. Lost in the heavenlies. Listen,

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there's worse places to be lost. Jim, welcome. Introduce yourself for those who are unfamiliar

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with your glorious work.

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My name is Jim McAndrew.

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I am the drone lord.

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I run DroneLink.com.

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Let's go.

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I also am tech support at Magnolia,

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which serves to orange pill the church

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and Jesus pill Bitcoiners.

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Let's go.

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Now, Jim, normally we don't give away free ads,

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but please enlighten the folks

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on what DroneLink is and does.

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DroneLink is flight automation software

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for your DJI drone.

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so this is non-military use cases you can do everything from have it follow you while you're

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skiing down a mountain to take a bunch of pictures of a cell phone tower for a 3d model

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jim repeated has repeatedly told the government to kick rocks rather than give them uh you know

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sign a contract with them so uh that's why part of why we love him and uh just he won't he won't

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give it over to palantir he's he's content to uh refuse their their moose shuck moose uh shekels and

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uh, I'm like the good version of Palmer lucky. That's right. That's right. Uh, Palmer unlucky.

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I don't know if that, what would that make you? But, um, again, for those of you, if you're

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stumbling across this for the first time, you won't be thinking, what did I, what did I fall

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into here? Basically what we do is, uh, Mike, probably like many of you, we spend time on

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Twitter every week. Um, also probably like some of you, you're Christians and we are Christians.

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And so we want to steward our time and basically redeem the time that we spend on Twitter.

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And so we basically find things on a variety of different topics that we think are interesting,

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that we think that there's some meat on the bone to talk about.

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It could be on a parenting front.

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It could be as husbands, as business owners, as just men in general.

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We just basically find stuff, and then we bring them here, and we kind of talk about them.

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And we say, hey, Tim, what do you think about this?

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You're a pastor.

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What do you think about this?

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Jim, you're an entrepreneur.

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what do you think about this? We just kind of do that kind of stuff. So this is the more sanctified

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version of the All In podcast. That's kind of what our goal is. And so today, without further ado,

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we're going to launch in. Elon recently came out with a bonkers tweet. I know this is a shock to

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all of us. Elon's takes are normally fully hinged, and this one was far less so. Here we are.

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So Elon, we will use Grok 3.5, maybe we should call it four, which has advanced reasoning to rewrite the entire corpus of human knowledge, adding missing information and deleting errors, then retrain on that.

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Far too much garbage in any foundation model trained on uncorrected data.

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Now, there's a charitable way to read that in which, you know, maybe that didn't sound like the worst thing ever.

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At the same time, there's a completely, you know, slightly more dystopian take that wonders what on earth that might look like and what might, who are the people who are getting, who gets to be part of this ministry of truth that gets to decide what is actually real from history and what isn't, Jim?

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What are your thoughts when you read this insanity from Elon?

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I mean, Elon said a lot of things that made sense to me in the past.

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he said that he wanted to do xai because all of the mainline ai research labs like chat gpt and

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you know open ai were woke yeah so he wanted to create a maximum truth seeking ai which i like

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but at the same time this statement doesn't make any sense to me from an information theory

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standpoint you can't synthesize information out of nothing i mean if it was if it was something

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closer to maybe this is what he meant maybe it's we're going to curate the most logically consistent

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set of or subset of the information that's out there and just throw out the stuff that doesn't

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you know it's like this this doesn't belong if there's 98 consensus on one thing we're just going

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to throw out the other two percent i mean that could kind of make sense but even then you get

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into trouble because it's like sometimes, especially in modern era, 98% of the stuff

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is the lie.

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Yeah.

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And so you throw out the signal, you know?

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Yep.

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So again, the, the, the question that it begs is, uh, by what standard, what is the standard

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that we're going to use to determine truth?

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You know, like, and there's, there's certain things that are more, that are easier than

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others, but I mean, at the same time, oh, you're going to have people who are going to

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say, oh, well, science. It's like, well, no, all science has to be interpreted. There's always an

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interpretive grid. You, you know, if you're all data has to be interpreted, you can't, there's no

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one who just gets raw data and then can come to conclusions by, by definition, conclusions require,

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you know, layers of interpretation. And so again, this is just, this is just part of what it is.

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You're going to have at the end of the day, this process will involve having people who are,

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you know basically deciding what you know they're waiting things they're gonna be doing a number of

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different things and it's not going to be as simple as as just saying uh we're yeah we're

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gonna give all the we're gonna find all the truth in ways that other things aren't there's still a

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lot more questions here well elon's also i think he just had a tweet yesterday saying like physics

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is the ultimate arbiter of truth or something like that.

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Yeah.

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Which obviously from a secular humanist materialist standpoint,

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that's true.

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We know that God is the ultimate source of truth,

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but God created physics.

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So there is some truth to the idea that

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from a first principle standpoint,

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you eventually get down to physics and you can't lie about it.

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So maybe part of what Elon's trying to do

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is creating things like optimist robots

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that interact in the real world

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and it gets down to some sort of ground truth

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because he has direct sensor input,

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but that still doesn't solve the problem of history.

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Like you can't,

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that only solves the problem going forward.

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And even then it's like Elon basically saying,

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trust me, bro.

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So yeah, this is a humongous issue.

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I think we've talked about this at several different points,

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but one of the big issues

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that especially secular humanists have

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is we live in a world where if you're going to be a secular humanist, you're definitely going to

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focus on scientific data, measurable, all this kind of evidence. You're going to like that a lot.

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The problem is there's different standards of evidence for different fields. And so yes,

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science, physics, all these things, that's a measurable, you're able to measure things within

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these fields. Unfortunately, history also has an evidentiary standard. It also has a standard of

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evidence by which you know things. The problem is it's very different than that of science.

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It's no less important. It's no less real, but it is very different. And so again,

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for one example of this is there's no scientific way to prove that George Washington existed,

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right? Like he's like, you can't prove historical things scientifically that that doesn't work.

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um and so uh so yeah i mean we can't prove jesus existed scientifically we have to move to even in

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the case of science they've been measuring things like the age of the universe and they keep revising

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it by billions of years you know and so it's just like okay and and this is another thing is like

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all of these all of these the ways of knowing things is based on a presupposition that is

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unscientific. So for example, one of the example, this would be, uh, well, uh, how do we know what

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we know? Well, scientifically, well, we have evidence. Well, okay. So how do we know? Like we,

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what we can see is that the earth in the universe appears to be this age, according to, if we,

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you know, measure with whatever this dating standard is. And it's like, okay, well,

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how do we know that the standard by which we're using the standard, like our understanding of

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dating that works today has always been the case throughout all of human history. We can't

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demonstrate that because that's stuff that's outside of our purview. We don't have access to

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that. And so there's a limit to even the scientific knowledge and even the backward looking utility

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of even just looking at what we have right now. So there's a lot of assumptions that basically

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aren't acknowledged in a lot of ways when it comes down to science. We're attempting to measure all

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this stuff from inside the system. I mean, the only person that can really be objective is the

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person that's outside the system. And I hate to be a spoiler alert here, but his name is God.

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God, Jesus, and the Holy Spirit. There are three persons, one God and three persons. So technically

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either three persons, Jim.

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Please don't deny

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Orthodox Presbyterian

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especially.

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You know, interestingly though,

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is Jesus inside the system?

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He was outside the system originally.

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Yep.

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Obviously for a time

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he was inside the system.

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Is he back out?

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Is he back out?

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I mean,

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he still has a real physical body

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in my opinion.

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So it seems like he's probably

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somehow inside the system.

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Maybe one foot in,

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one foot out.

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This is,

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we're probably committing

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some sort of heresy.

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Will I wash two weeks here?

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We get 10 minutes.

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So yeah, so this is,

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I mean, this is a big,

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you know, again,

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this could,

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what Elon is describing

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is no different

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than what Sam Altman wants to do.

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And Sam Altman is far more willing

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to play ball with governments,

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seems to be far more willing

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to play ball with governments,

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far more willing to be much more craven

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and utilitarian

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than somebody like Elon.

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So I think there's reason to believe that this could go a lot better with Elon's Ministry of Truth than Sam's.

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But again, who knows?

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It still is dystopian to think about.

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At the end of the day, I don't think this is the right thing to be most concerned about by AI.

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Yeah.

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Okay, so yeah, that's another thing.

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Even if this is true or is something that could be worried about, who's deciding what's the important thing?

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Who's deciding the weighting of the time and the allocation of resources and all that kind of stuff?

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Just the idea that humans can control this thing is illogical to me.

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And so just the idea that they're going to be able to say what it thinks is going to be true, they can't.

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They don't have any control over that.

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I mean, obviously, in the current level of systems, they can modify things.

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Like, they can modify the prompt before you put it in to get Black Shrouding Fathers.

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but I'm talking about

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once we get to

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super intelligence

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or whatever

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there is no controlling it

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it's like even if you wanted

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to be Sam Altman

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and have it be the wokest

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of the woke AI

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it's like you can't

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control that

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yeah

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which again is really interesting

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as people who

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you know Christians

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we value the truth

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and we you know

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let the truth

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trips fall where they may

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and so it's interesting

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to think about

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like what if we

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well that's what history

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has been you know

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humans have been

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trying to control

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the narrative

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since the beginning

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of humanity.

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Yep.

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You know?

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Very good.

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Yep.

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So we can't.

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There's only one truth.

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It's the word.

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Exactly.

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And he is a person.

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To that end,

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and on that point,

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here we are.

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We have,

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oh shoot,

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we gotta show this again.

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We have Dave Smith.

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I don't know how many of you

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are fans of Dave Smith.

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I've been a fan for a while.

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Dave Smith went on,

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here we go,

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went on Tucker Carlson's show

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and surprisingly they talked about atheism jim can you believe this uh dave smith was an atheist

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considered himself an atheist uh at least an agnostic and now dave smith has become a theist

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dave smith believes in god and he's going to talk about what uh why that happened so this isn't super

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long i think it's like three three minutes or something so we'll listen to part of this and then

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and we'll just cut it off

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but here we go

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stuff about me

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I'm not exactly sure

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who Sam Harris is

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but

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sad atheist guy

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but

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he describes you as a

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pure

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misinformation artist

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who lies

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as freely

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as he breathes

248
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and as soon as I read this

249
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I can say

250
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Dave Smith

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I don't know

252
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whatever

253
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but I

254
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I feel like that's the opposite

255
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of the truth

256
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I feel like

257
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maybe you lie under duress

258
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but in general

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you

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you are like

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very focused on what you think

262
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is true. Well, I mean, again, I just feel like it's a, I, I benefit in a way from us having this

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conversation like after COVID and after kind of all of these insane things that, okay, so Sam Harris,

264
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what did I get wrong? Like, I don't think that if you're gonna, if you're gonna smear me as I'm

265
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being a misinformation or which I, you know, I'll take that to, I should make t-shirts about

266
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misinformation artist.

267
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I'll take that.

268
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Pure misinformation.

269
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Pure misinformation.

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Everything you say is a lie.

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It's like breathing to you.

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Dude, I got called that

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throughout all of COVID

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and I was right about

275
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everything I was saying.

276
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So keep calling me.

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To the wrong place.

278
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Here we go.

279
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Well, I mean,

280
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I would say that

281
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kind of ironically,

282
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although not really

283
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actually ironic,

284
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and this kind of goes to,

285
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you know, the conversation

286
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that you and Brett Weinstein

287
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were having the other day.

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I really love Brett.

289
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I think he's great.

290
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I'm on your side of that debate,

291
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but I think one of the fundamental flaws in atheism

292
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is that it doesn't really exist.

293
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Yes.

294
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See, they think that's the flaw in believing in God.

295
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See, they think the flaw in believing in God

296
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is that God really doesn't exist.

297
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God does exist.

298
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What doesn't exist are atheists.

299
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There's no such thing.

300
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True.

301
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And you could even get into,

302
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like maybe if there was such thing as atheists,

303
00:15:06,980 --> 00:15:12,440
it would be a good thing to be one. But there aren't. They don't exist. They all have their

304
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religion. And it's almost by definition that whatever your highest thing is becomes your

305
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religion. I don't know if it's quite by definition. And I suppose it is theoretically possible to be

306
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an atheist, but almost no one ever is. And so what you're seeing is just that, you know,

307
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I'm attacking their religion. And according to them, that makes me guilty of blasphemy.

308
00:15:37,660 --> 00:15:38,680
But it's just so interesting.

309
00:15:39,520 --> 00:15:43,800
So, yeah, we can we can just stop right here. I'm sorry for the wrong placement. But yeah,

310
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that's the idea. And so this is this is just so fascinating to hear to hear old Dave Smith

311
00:15:50,300 --> 00:15:56,120
sitting here describing this. I think he's he's dead on and right. Like the to quote Doug Wilson,

312
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It's never whether or not you're going to worship a God.

313
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It's which God are you going to worship.

314
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It's not whether it's which.

315
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And so like Dave recognizing that even if you refuse to give mental assent, refuse to acknowledge belief in a deity, you know, officially or something like that,

316
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there is something or someone, some entity to which you will give ultimate deference.

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you will trust more than any other. And so it's a hierarchical structure. And so everybody has

318
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somebody at the top of their hierarchy of trust, of loyalty, of whatever it is. You cannot escape

319
00:16:38,980 --> 00:16:46,220
that. And so to see somebody like Dave, who again, by most people is known as somebody who just

320
00:16:46,220 --> 00:16:52,440
wants to know the truth, is willing to admit when he's wrong about something, to hear him coming out

321
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this is i was again pleasantly surprised so to play the devil's advocate here for a second do it

322
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i'm reminded of romans one they worshiped and served the creature rather than the creator

323
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i would say the hardline atheists probably would be very willing to draw that distinction

324
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in other words if they're worshiping the state or if they're worshiping bitcoin

325
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or if they're worshiping themselves,

326
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like these are all creatures in a sense,

327
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things that were created.

328
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So I think the atheist would just say,

329
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yeah, but who cares?

330
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Because like I'm worshiping something

331
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that's inside the system.

332
00:17:33,920 --> 00:17:35,840
And so it's categorically different

333
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than your foolish opinion,

334
00:17:37,740 --> 00:17:39,200
which is you're worshiping something

335
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outside the system,

336
00:17:40,780 --> 00:17:42,280
which you have no way to prove exists.

337
00:17:42,500 --> 00:17:44,240
At least I'm worshiping things

338
00:17:44,240 --> 00:17:46,100
that I can prove exist, you know?

339
00:17:46,320 --> 00:17:47,000
Yeah, yeah.

340
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So.

341
00:17:47,880 --> 00:17:49,300
Yeah, so this, again,

342
00:17:49,300 --> 00:17:53,200
And then we get down to back to epistemological questions of how do we know what we know?

343
00:17:53,300 --> 00:17:56,720
And so we would, you know, like we would say, yeah, no, we actually do.

344
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We do know real things.

345
00:17:58,080 --> 00:18:01,980
They just aren't things that are, that has a different evidentiary standard.

346
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They're not proved the same way that, you know, you're proved.

347
00:18:05,280 --> 00:18:09,400
So like the idea would be if there is a God of the system, if there is a God who actually

348
00:18:09,400 --> 00:18:14,300
is outside of the system, can enter in anytime he wants to, who created the system, well,

349
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then there's no problem with the idea that God could reach in and communicate to his creatures

350
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you know through through whatever means he wants to uh you know including well i would argue this

351
00:18:25,840 --> 00:18:32,060
is why the incarnation is so important yeah because it's yep it's really the only way that

352
00:18:32,060 --> 00:18:53,736
we as creatures made in his image as human beings can fully and truly interact and relate to him yeah i mean obviously in the old Testament you got Christophanies and burning bushes and things like that but those are all shadows of what to come eventually

353
00:18:54,076 --> 00:18:58,776
right? It's not fully realized until we see Jesus. And until we see Jesus,

354
00:18:59,036 --> 00:19:03,476
we can't fully understand it. Yeah. Yeah. For those who are watching,

355
00:19:03,596 --> 00:19:07,536
maybe who don't know. So incarnation just means the taking on, it's when Jesus took on the human

356
00:19:07,536 --> 00:19:13,116
body, uh, took on flesh. Uh, and so carne, if you're know a little bit of Spanish, that means,

357
00:19:13,216 --> 00:19:18,476
you know, meat or, or body, um, in, in this case. And so basically you, you have, you know,

358
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Jesus takes on a body. He, you know, he, he, God doesn't just communicate information. He's not

359
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just content to, he does this in the beginning. He does, you know, he does send, uh, he, he does

360
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send messages. He basically has information that he wants to communicate, but he always sends these

361
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via either angels or via people in the form of prophets. And so ultimately in the capstone of

362
00:19:41,336 --> 00:19:48,476
this revelation of God communicating what's called special revelation. So information about him and

363
00:19:48,476 --> 00:19:56,136
what he desires that can't be discovered by what would be called the book of nature, which is by

364
00:19:56,136 --> 00:19:59,156
you can't learn things. There's certain things that you can't learn about God by just looking

365
00:19:59,156 --> 00:20:06,256
around the world. And so God sends prophets, including again, ultimately Jesus to communicate

366
00:20:06,256 --> 00:20:12,496
what he's like, what he wants and to illustrate through their lives, uh, you know, what, what,

367
00:20:12,496 --> 00:20:19,916
what God desires. Uh, and so, so this is, this is something that again, requires it, it, it had,

368
00:20:19,996 --> 00:20:25,416
it's good. It's going to come from outside of you. It requires you, uh, to acknowledge it.

369
00:20:25,416 --> 00:20:30,456
This isn't something you're going to come to, you know, the understanding of by yourself.

370
00:20:30,456 --> 00:20:31,736
It doesn't work that way.

371
00:20:32,436 --> 00:20:35,816
I would say to caveat that, I think you can.

372
00:20:36,336 --> 00:20:44,036
So everybody that is saved is saved through Jesus, but there's different levels of knowledge of Jesus, right?

373
00:20:44,136 --> 00:20:45,976
So it's like Abraham is saved by faith.

374
00:20:46,436 --> 00:20:48,556
He knows that there's going to be a Savior that comes.

375
00:20:48,976 --> 00:20:51,996
That's what his faith is in, and that's what is saving for him.

376
00:20:51,996 --> 00:20:57,436
I don't know if he knows explicitly that it's Jesus of Nazareth and he's going to be there at a certain date.

377
00:20:57,736 --> 00:20:58,176
No.

378
00:20:58,296 --> 00:20:58,576
Yeah.

379
00:20:59,156 --> 00:20:59,336
Yeah.

380
00:20:59,456 --> 00:21:00,156
We don't think.

381
00:21:00,156 --> 00:21:07,616
I think, yeah, there's room for the Pacific Islander that only saw the stars and God sort of revealed in a more general way.

382
00:21:07,716 --> 00:21:13,396
I think it's theoretically possible for those people to be saved in the new heavens and the new earth.

383
00:21:14,216 --> 00:21:14,416
Yeah.

384
00:21:15,336 --> 00:21:17,116
So, yeah, interesting.

385
00:21:17,256 --> 00:21:19,476
I mean, that's a whole, we should do that topic at some point.

386
00:21:19,476 --> 00:21:23,596
Well, I mean, this is the case for like aborted babies, right?

387
00:21:24,196 --> 00:21:28,556
Obviously as an aborted baby, you don't, you die before you even are born.

388
00:21:28,716 --> 00:21:31,136
So there's no way you can know the name of Jesus.

389
00:21:31,356 --> 00:21:31,796
Yep.

390
00:21:31,916 --> 00:21:39,076
But it also seems to fit within God's character that he would save all those babies through faith in Jesus.

391
00:21:39,796 --> 00:21:41,636
So there is some ways that can happen.

392
00:21:42,376 --> 00:21:42,556
Yep.

393
00:21:42,956 --> 00:21:48,156
But again, this depends on who you ask, but there's the vast, I mean, vast majority of Christians who are alive right now.

394
00:21:48,156 --> 00:21:53,716
I think for most, most faith positions would, would agree that would again, reason just like

395
00:21:53,716 --> 00:21:58,536
Jim did that, uh, that babies who die prior to being born or, you know, infants who die.

396
00:21:58,976 --> 00:22:06,676
Uh, look at the same time though, as a Calvinist and a Presbyterian and reformed person that

397
00:22:06,676 --> 00:22:13,516
believes in double predestination, it is totally within God's right to also damn said souls.

398
00:22:13,516 --> 00:22:20,876
Yeah. So, you know, we can't, we, we can't fully plumb the depths of God and his mercy and his

399
00:22:20,876 --> 00:22:27,276
justice, but we can trust in his promises and we can rest easy in that, that justice will be done

400
00:22:27,276 --> 00:22:32,436
and that he is merciful. Yeah. That the judge of all the earth will do right. Um, you know, this is,

401
00:22:32,556 --> 00:22:37,276
this is something, I mean, just the reality of like, just, I mean, how much do we really understand?

402
00:22:37,416 --> 00:22:42,516
Like, there's so many things that happen every day where my evaluation of their rightness or

403
00:22:42,516 --> 00:22:45,976
wrongness, their goodness or badness is totally wrong.

404
00:22:46,796 --> 00:22:51,256
Where I'll, I'll want something that I think is good to happen, or I don't want something

405
00:22:51,256 --> 00:22:54,156
that I think is, seems only categorically bad to happen.

406
00:22:54,716 --> 00:22:57,796
And then, you know, God, God just sees things differently.

407
00:22:58,116 --> 00:23:03,556
So even just last week we were at GA, Tim was not able to address the floor.

408
00:23:03,916 --> 00:23:04,116
Yeah.

409
00:23:04,136 --> 00:23:05,196
Why don't you kind of explain this?

410
00:23:05,236 --> 00:23:07,536
This is a, we weren't putting a talking about this, but this is a good.

411
00:23:07,816 --> 00:23:09,276
I mean, we can hit on it a little bit.

412
00:23:09,776 --> 00:23:10,176
Yeah.

413
00:23:10,176 --> 00:23:14,656
Yeah, we could come back and do it more fully when Tim's here, but I'll just give a high level.

414
00:23:15,036 --> 00:23:20,616
So Tim and I are ordained officers in the PCA, it's the Presbyterian Church in America.

415
00:23:21,076 --> 00:23:28,456
It's the more conservative reformed split off of the original Presbyterian Church, which is now the PCUSA.

416
00:23:28,776 --> 00:23:30,856
So PCUSA is kind of the main line.

417
00:23:31,476 --> 00:23:33,236
PCA is the denomination that we're in.

418
00:23:33,676 --> 00:23:35,196
We meet once a year at General Assembly.

419
00:23:35,336 --> 00:23:35,856
It's called GA.

420
00:23:36,356 --> 00:23:37,556
It was in Chattanooga this year.

421
00:23:37,556 --> 00:23:43,796
the reason that we went and the reason that this GA was interesting was that there was an overture

422
00:23:43,796 --> 00:23:50,336
on the agenda, which is just a way to say we're asking the General Assembly to consider something

423
00:23:50,336 --> 00:23:55,716
and possibly do something. In this case, the overture was, hey, we think that it would be

424
00:23:55,716 --> 00:24:00,956
good and right for Presbyteries, which is just groups of churches in a local area and individual

425
00:24:00,956 --> 00:24:06,736
churches to study Bitcoin. That's not to say that we were forming a study committee. That's not to

426
00:24:06,736 --> 00:24:11,436
say that we were requiring anybody to study. It was just, hey, we think it would be good for you

427
00:24:11,436 --> 00:24:18,756
if you consider and study Bitcoin. When that overture came up, it was put into an omnibus,

428
00:24:18,976 --> 00:24:25,516
which was just, it was grouped with a bunch of other overtures to vote them all in the favor of

429
00:24:25,516 --> 00:24:29,836
what the overtures committee recommended, which in this case was to vote that overture down.

430
00:24:30,236 --> 00:24:33,896
So it wasn't going to be a recommendation for churches and presbyteries to study.

431
00:24:33,896 --> 00:24:41,276
tim stood up and asks so any anybody that's voting member in this ga can pull one of the

432
00:24:41,276 --> 00:24:47,496
overtures out of omnibus then when it comes up for discussion they set a 60 minute topic clock

433
00:24:47,496 --> 00:24:52,676
and then you can stand up to one of six microphones and each person that stands up gets three minutes

434
00:24:52,676 --> 00:24:58,036
to talk now there's certain rules about how you can talk another gentleman stood up at microphone

435
00:24:58,036 --> 00:25:03,616
one. Tim was standing up at microphone four. The moderator happened to call on gentlemen at

436
00:25:03,616 --> 00:25:08,796
microphone one. He moved the previous question, which just means, hey, I want to go ahead and

437
00:25:08,796 --> 00:25:14,856
just take this thing to a vote right now without any further discussion. So in typical Presbyterian

438
00:25:14,856 --> 00:25:21,976
fashion, since we're so orderly, we have to vote on whether or not we want to vote. So a vote was

439
00:25:21,976 --> 00:25:27,556
taken to move the previous question. It was answered in the affirmative. So then they actually

440
00:25:27,556 --> 00:25:32,496
voted on the overture itself, the original question, which was, should we recommend to study?

441
00:25:32,656 --> 00:25:36,096
And that got voted down. That all happened before Tim was able to give his speech.

442
00:25:36,876 --> 00:25:40,636
Tim had prepared a three minute speech, which had he been able to give it,

443
00:25:40,936 --> 00:25:44,596
we probably would not have, it would not have occurred to us to post it on Twitter.

444
00:25:44,676 --> 00:25:50,996
But now that it is a censored speech, we post it to Twitter and it ends up going viral. It got like

445
00:25:50,996 --> 00:25:57,976
12,000 views in the first 24 hours, which is six times more people reading or hearing this speech

446
00:25:57,976 --> 00:26:01,896
than would have otherwise heard it in the General Assembly, which had 2,000 people in it. So

447
00:26:01,896 --> 00:26:07,716
in the moment, it felt kind of not great, but obviously the Lord had his own plan for it to

448
00:26:07,716 --> 00:26:13,496
get that speech out there. Again, as sunny as that is, impressions aren't views as anyone

449
00:26:13,496 --> 00:26:18,756
who's paying for ads on Twitter will tell you. But again, with that being said, again, and also

450
00:26:18,756 --> 00:26:22,936
So these 2000 people will have the voting power for, you know, representing hundreds of thousands of people.

451
00:26:23,176 --> 00:26:28,296
But with that, I think there was an aspect, though, that because it was censored, people wanted to read it.

452
00:26:28,376 --> 00:26:30,036
You know what I mean? Sure. Sure. Sure. Could be.

453
00:26:30,596 --> 00:26:32,436
So anyhow, so that didn't get to go forward.

454
00:26:33,296 --> 00:26:45,156
Tim did say in the he explained this in a in a text group that we're in and basically said that might turn out to be the costliest mistake in the history of the Presbyterian church.

455
00:26:45,156 --> 00:26:45,516
Yeah.

456
00:26:46,316 --> 00:26:49,976
So we posted up, there's an expo hall at GA,

457
00:26:50,216 --> 00:26:53,356
which even if you're not a PCA or Presbyterian,

458
00:26:53,756 --> 00:26:57,436
it's totally a raucous thing to come to if you're a Christian.

459
00:26:57,676 --> 00:26:58,636
I highly recommend coming.

460
00:26:58,796 --> 00:27:00,796
Whoa, wait, raucous.

461
00:27:01,296 --> 00:27:02,396
Wait a second.

462
00:27:02,916 --> 00:27:03,276
Hang on.

463
00:27:03,336 --> 00:27:04,936
Raucous might be a strong word.

464
00:27:05,396 --> 00:27:07,356
I know you weren't there, but I'm just saying,

465
00:27:07,836 --> 00:27:09,076
opening night worship,

466
00:27:09,496 --> 00:27:12,976
there was like 5,000 people in this room,

467
00:27:13,356 --> 00:27:14,556
most of whom are men,

468
00:27:14,556 --> 00:27:16,396
and they had a full orchestra.

469
00:27:17,016 --> 00:27:19,416
And it was like, I mean, I'm telling you,

470
00:27:19,736 --> 00:27:23,156
it's one of the closest feelings I've gotten to being in heaven.

471
00:27:23,576 --> 00:27:26,756
Like it's just listening to everybody busting out the hymns.

472
00:27:28,076 --> 00:27:29,476
Totally, totally granted.

473
00:27:29,636 --> 00:27:30,996
I'm not saying it was not incredible.

474
00:27:31,136 --> 00:27:35,216
The word raucous, I don't think the word raucous has ever been used

475
00:27:35,216 --> 00:27:39,136
in corresponding with a GA in the history of Presbyterianism.

476
00:27:39,356 --> 00:27:40,896
We're a little buttoned up.

477
00:27:41,016 --> 00:27:42,536
Sometimes they call us the frozen chosen,

478
00:27:42,536 --> 00:27:44,256
but man, people were belting it out.

479
00:27:44,556 --> 00:27:46,216
Anyways, there was an expo hall.

480
00:27:46,316 --> 00:27:47,156
We had a booth there.

481
00:27:47,256 --> 00:27:49,376
We're going to be posted up there next year as well.

482
00:27:49,496 --> 00:27:53,096
You should come by, just participate in the worship, go to the expo.

483
00:27:53,256 --> 00:27:54,476
There's a lot of families there.

484
00:27:54,596 --> 00:27:55,496
People bring their kids.

485
00:27:56,156 --> 00:28:01,856
We got a lot of super positive feedback at the booth as well and made a lot of great connections.

486
00:28:01,856 --> 00:28:08,336
And I think ultimately it's God will redeem the work that we're doing there.

487
00:28:09,036 --> 00:28:09,156
Amen.

488
00:28:09,576 --> 00:28:11,036
And Lord willing, I'll be there next year.

489
00:28:11,036 --> 00:28:15,316
I wasn't able to be there because I was with my kids at music camp.

490
00:28:15,616 --> 00:28:20,396
We were basically learning how to sing in parts and do all kinds of fun stuff, so we couldn't make it.

491
00:28:20,736 --> 00:28:21,256
We will.

492
00:28:21,356 --> 00:28:24,276
It looks like I was just talking to Stan Reeves.

493
00:28:24,936 --> 00:28:34,176
It looks like TGFB will be represented at the Founders Conference, which I believe is in February, January or February of this coming year.

494
00:28:35,176 --> 00:28:37,936
Stan and I are going to be representing TGFB, be there, have a booth.

495
00:28:37,936 --> 00:28:49,976
So if you're going to be there, we'd love to, again, similar to the GA thing, we'd love to have you come over and chat and bring all of your salty no-coiner friends, and we'll be happy to orange pill the living daylights out of them.

496
00:28:50,776 --> 00:28:53,436
Yeah, we're going to try and go to the SBC one next year, too.

497
00:28:53,516 --> 00:28:58,436
I think it's going to be in Orlando, but then ours is in Louisville in June.

498
00:28:59,036 --> 00:28:59,236
Okay.

499
00:28:59,876 --> 00:29:02,616
You can also turn that into an ARC excursion.

500
00:29:02,616 --> 00:29:08,436
they've built the replica of the ark which actually we happen to be going to in october

501
00:29:08,436 --> 00:29:14,896
but we we yeah my mom wanted to take the grandkids so we're going there in october but we may end up

502
00:29:14,896 --> 00:29:18,916
going back so it's a it's not that far from louisville if you want to go down there and check

503
00:29:18,916 --> 00:29:24,856
it out okay well cool yeah do that that'll be fun all right we're gonna move along here we've got

504
00:29:24,856 --> 00:29:30,576
uh let's see david perel i don't know if you're familiar with him he is not this is not perel of

505
00:29:30,576 --> 00:29:35,576
the hand soap, at least that I'm, uh, at least that I know of, uh, David Perel was known for,

506
00:29:35,656 --> 00:29:41,796
let's see if this pops up here. Uh, yeah, there you go. So the writing guy, uh, he's a Christian.

507
00:29:41,976 --> 00:29:48,276
I grew up as a, uh, grew up, um, um, Jewish and then became a Christian a number of years ago.

508
00:29:48,636 --> 00:29:53,616
He has done a number of things, uh, to help people learn to be better writers. I actually

509
00:29:53,616 --> 00:29:58,736
took one of his courses about a year ago, um, was, was, you know, thoroughly enjoyed it. I

510
00:29:58,736 --> 00:30:02,396
actually need to get on there and share with people. They have like an online community where

511
00:30:02,396 --> 00:30:05,616
I can just share about the Orange Abro, which we'll talk about in a little bit.

512
00:30:06,376 --> 00:30:10,096
But so David has, he's one of the best followers on social media. Go get him. He's a super

513
00:30:10,096 --> 00:30:15,816
thoughtful guy. He said this, calling it now, the swing away from optimization culture is going to

514
00:30:15,816 --> 00:30:21,556
be one of the bigger trends of the next decade. Now, this might seem like you might be thinking,

515
00:30:21,556 --> 00:30:27,636
what in the world is optimization culture? It's the culture of just making things as efficient

516
00:30:27,636 --> 00:30:33,976
as possible. Okay. So an example of this would be something like, I don't know if there's any NBA or

517
00:30:33,976 --> 00:30:40,076
sports fans who are listening to this. But one example of this would be the trend in the NBA

518
00:30:40,076 --> 00:30:46,576
where you basically, you've seen a move in the last probably 10 years to where more and more

519
00:30:46,576 --> 00:30:54,436
teams are shooting more and more three-point baskets. Because if you do the math on the

520
00:30:54,436 --> 00:30:59,296
expected point value for shooting three-pointers versus shooting two-pointers, you're almost always

521
00:30:59,296 --> 00:31:04,396
better to just shoot as many threes as possible, which again, this is, it makes sense mathematically,

522
00:31:04,676 --> 00:31:11,196
but it's horrible to watch. And so that adds, you know, a component to this. And the same is true of,

523
00:31:11,536 --> 00:31:15,216
you know, the same thing has happened to lesser degrees in football, baseball, baseball, it was

524
00:31:15,216 --> 00:31:20,396
one of the places it really started, the whole money ball phenomenon. So again, you just have,

525
00:31:20,396 --> 00:31:25,736
it's things where it's like higher, the heights are higher. So everyone in baseball right now is

526
00:31:25,736 --> 00:31:30,596
trying to hit home runs. So you either hitting home runs or you're striking out. That's a lot

527
00:31:30,596 --> 00:31:37,516
more, it's kind of an all or nothing proposition, um, less, um, you know, less, um, middle class

528
00:31:37,516 --> 00:31:42,096
at bats, if you will. Uh, and so this is one of these things. So he's, he's saying the same

529
00:31:42,096 --> 00:31:46,856
thing is happening, uh, you know, technologically in a number of different fronts. And so he's just

530
00:31:46,856 --> 00:31:51,716
basically saying we're going to get to the point where we just realize that just living for the most

531
00:31:51,716 --> 00:31:57,536
efficient way to do things according to one measure, we're just going to get sick of it.

532
00:31:57,536 --> 00:32:04,056
And people are going to start going away from it for, you know, in favor of other things that

533
00:32:04,056 --> 00:32:09,796
maybe are at least nominally less efficient, but a better and more healthy experience overall.

534
00:32:10,456 --> 00:32:12,596
Jim, I don't know if you have anything to add to this one, but.

535
00:32:12,596 --> 00:32:26,056
Yeah. I mean, you could argue from a money standpoint that people do it in a sort of shrinkflation kind of way, right? You're trying to get things for as cheap as possible because you're trying to make your dollar stretch further because it's been debased.

536
00:32:26,396 --> 00:32:26,796
Yep.

537
00:32:26,996 --> 00:32:33,896
And maybe he's saying this because Bitcoin's going to fix that? Or does he say why he thinks this is happening?

538
00:32:33,896 --> 00:32:51,116
No, I think it's more, at least again, knowing him a little bit, I think he's just thinking from a standpoint of this efficiency that's being sought after, it's monetary efficiency or time efficiency.

539
00:32:51,116 --> 00:32:58,936
and and so like that it makes sense to a point but there comes like there's like a tipping point

540
00:32:58,936 --> 00:33:04,676
where the the human like the i mean one of the things that we that i've talked about before on

541
00:33:04,676 --> 00:33:12,536
some some capacity is like efficiency is a means to an end there there is a type of efficiency that

542
00:33:12,536 --> 00:33:19,476
is actually godless and anti-human uh and so there's we're kind of he i think that's what he's

543
00:33:19,476 --> 00:33:24,836
getting at is like, there is an optimization. There's a level of optimization and a type of

544
00:33:24,836 --> 00:33:30,216
optimization that's actually anti-human and unhelpful in the grand scheme of things.

545
00:33:30,816 --> 00:33:33,636
And so I think he's just basically saying, we've kind of reached the tipping point

546
00:33:33,636 --> 00:33:38,696
where, you know, we've gotten, people have seen, we've seen all this optimization that,

547
00:33:38,916 --> 00:33:43,356
you know, we're going to see. And now people are starting to recognize, wait, this actually costs

548
00:33:43,356 --> 00:33:49,096
me on a number. If you're going to, if you're denominating the cost in human experience or

549
00:33:49,096 --> 00:33:54,296
whatever it would be relationships uh you know whatever it is there's a number of other ways that

550
00:33:54,296 --> 00:33:59,716
you could dominate uh optimization and according to those things where where we're at is not

551
00:33:59,716 --> 00:34:04,216
enjoyable it's not actually healthy for the long term so i think that's kind of what he's what he's

552
00:34:04,216 --> 00:34:10,956
getting at yeah i mean i personally went through this myself uh i used to do like software consulting

553
00:34:10,956 --> 00:34:11,976
by the hour.

554
00:34:12,476 --> 00:34:12,876
Yeah.

555
00:34:13,036 --> 00:34:16,916
And then I kind of went away from that

556
00:34:16,916 --> 00:34:19,136
because it was almost like the way

557
00:34:19,136 --> 00:34:20,536
that you're measuring it

558
00:34:20,536 --> 00:34:23,476
incentivizes you to act in a certain way.

559
00:34:23,576 --> 00:34:24,196
It was all about

560
00:34:24,196 --> 00:34:26,116
spend the maximum number of hours,

561
00:34:26,236 --> 00:34:27,376
especially when I was working at home.

562
00:34:27,436 --> 00:34:28,616
It was always like,

563
00:34:28,716 --> 00:34:29,916
well, you know,

564
00:34:29,916 --> 00:34:30,976
I could go mow my yard

565
00:34:30,976 --> 00:34:32,996
or I could pay a yard guy

566
00:34:32,996 --> 00:34:35,536
way less per hour than I can make

567
00:34:35,536 --> 00:34:37,296
if I just walked down into my office.

568
00:34:37,576 --> 00:34:37,936
Yeah.

569
00:34:38,176 --> 00:34:39,856
And so I ended up making all these decisions

570
00:34:39,856 --> 00:34:40,916
that...

571
00:34:40,956 --> 00:34:41,716
at the end of the day,

572
00:34:41,756 --> 00:34:42,356
weren't great,

573
00:34:42,356 --> 00:34:43,096
uh,

574
00:34:43,136 --> 00:34:46,416
in the longterm for my soul or the souls of my family members.

575
00:34:46,776 --> 00:34:47,176
Um,

576
00:34:47,636 --> 00:34:49,576
so I think we do have to be careful,

577
00:34:49,676 --> 00:34:54,196
especially as Christians about how we set up our lives and the incentives that it creates for us.

578
00:34:54,916 --> 00:34:55,316
Um,

579
00:34:55,516 --> 00:34:58,876
so I think it's different for everybody.

580
00:34:59,356 --> 00:34:59,716
Yeah.

581
00:35:00,136 --> 00:35:01,336
Like we all have different,

582
00:35:01,336 --> 00:35:03,376
um,

583
00:35:03,916 --> 00:35:07,316
temptations that we give into more easily.

584
00:35:07,796 --> 00:35:08,196
Sure.

585
00:35:08,396 --> 00:35:09,116
So for me,

586
00:35:09,136 --> 00:35:10,536
it was just being a workaholic.

587
00:35:10,956 --> 00:35:15,936
So, yeah, I'm going to, I'm going to see if we can get David on the podcast.

588
00:35:16,076 --> 00:35:18,856
David is, uh, let's see how many followers David have here.

589
00:35:18,916 --> 00:35:19,296
Let's see.

590
00:35:19,356 --> 00:35:20,336
He's got a, he's got a bunch.

591
00:35:21,716 --> 00:35:22,496
461,000.

592
00:35:22,556 --> 00:35:22,696
Yeah.

593
00:35:22,736 --> 00:35:24,516
He's, he's a really respected dude.

594
00:35:24,896 --> 00:35:27,256
Uh, he's interviewed a ton of really important people.

595
00:35:27,336 --> 00:35:30,276
I think you, his, his company was called rite of passage.

596
00:35:30,276 --> 00:35:32,476
It looks like he's disassociated himself with it.

597
00:35:32,956 --> 00:35:35,596
Um, but go find his YouTube channel.

598
00:35:35,896 --> 00:35:36,756
Look him up on YouTube.

599
00:35:36,856 --> 00:35:38,376
He's interviewed a bunch of good people.

600
00:35:39,216 --> 00:35:40,636
Um, let's stop sharing that.

601
00:35:40,636 --> 00:35:48,796
let's move on here. Here we are. This is about Jim's favorite topic, which is AI. Jim is a

602
00:35:48,796 --> 00:35:55,196
humongous fan of vibe coding, his life. And so we're going to take a peek at this one here.

603
00:35:56,516 --> 00:36:04,296
Just a huge fan of AI. All right, here we go. Try this. Ask it to draw a picture of a group of

604
00:36:04,296 --> 00:36:11,316
watches showing three minutes after 12. Okay, so the minute hand and the hour hand are very close

605
00:36:11,316 --> 00:36:20,456
together. What you will get is 10 after 10. And if you do try to do 628, where the hands are very

606
00:36:20,456 --> 00:36:26,976
close together, you'll get 10 after 10 again. And the reason for this is that the pictures of

607
00:36:26,976 --> 00:36:34,016
clocks and watches on the web are dominated by 10 after 10 because it's the most attractive

608
00:36:34,016 --> 00:36:35,876
look. Everybody in open

609
00:36:35,876 --> 00:36:38,016
NBF knows about this and they have been

610
00:36:38,016 --> 00:36:39,636
unable to... Really? That's

611
00:36:39,636 --> 00:36:42,176
everything. This is a widespread example.

612
00:36:42,756 --> 00:36:43,996
The thing they use to deal

613
00:36:43,996 --> 00:36:46,096
with problems like this is called reinforcement

614
00:36:46,096 --> 00:36:48,216
training, but the reinforcement

615
00:36:48,216 --> 00:36:50,096
training hasn't worked. Probably

616
00:36:50,096 --> 00:36:51,536
because there are too many

617
00:36:51,536 --> 00:36:53,216
times other than

618
00:36:53,216 --> 00:36:55,676
10 after 10 that would have to be

619
00:36:55,676 --> 00:36:57,916
reinforced. I'll give you a

620
00:36:57,916 --> 00:36:59,776
second example. Ask a chat

621
00:36:59,776 --> 00:37:01,956
GBT to draw a picture of somebody

622
00:37:01,956 --> 00:37:03,416
writing with their left hand.

623
00:37:03,416 --> 00:37:09,696
you always get a right hand i tried various tricks to get out to do a left hand i've been

624
00:37:09,696 --> 00:37:12,296
able to get it to do a left hand but it's not been easy

625
00:37:12,296 --> 00:37:23,556
elon's gonna fix this yeah this this brings to mind uh the those uh great philosophers of yore

626
00:37:23,556 --> 00:37:38,773
uh namely the band me without you i don know if any of you are familiar with Me Without You They were like a spoken word kind of post rock kind of real whole interesting band of my youth But they have this

627
00:37:38,773 --> 00:37:44,693
famous song where they utter the phrase, a glass can only spill what it contains.

628
00:37:45,733 --> 00:37:49,993
And so that's really kind of what's being described here is, you know, AI is really just

629
00:37:49,993 --> 00:37:56,352
data compression. It's just taking what it has, taking the raw materials it has and using that.

630
00:37:56,352 --> 00:38:03,313
And so if you have a dominating percentage of images in the case of the watches where they're

631
00:38:03,313 --> 00:38:08,653
showing one time to try to get to, to try to get it to show another time is just not as easy as,

632
00:38:09,253 --> 00:38:13,153
it's just not very simple because it's, it's drawing on what it has. You can only,

633
00:38:13,893 --> 00:38:18,352
you know, you can't, you can't make an apple pie from potatoes. It doesn't work.

634
00:38:18,352 --> 00:38:27,013
do you think that's true of humans and from what standpoint we can only spill what's inside of us

635
00:38:27,013 --> 00:38:31,633
like i don't know einstein comes up with the theory of relativity did that come from outside

636
00:38:31,633 --> 00:38:38,073
of him i i think it would depend on i guess i think there's well i think from the standpoint

637
00:38:38,073 --> 00:38:43,513
of uh out of the abundance of the heart the mouth speaks i think that that that kind of thing uh

638
00:38:43,513 --> 00:38:49,033
it's true of that whether it's true of information i i wouldn't say that i would say information

639
00:38:49,033 --> 00:38:53,693
comes from god and so like that comes from like i think reason is i mean i don't think that

640
00:38:53,693 --> 00:38:58,713
everyone knows like reason is every christian would say reason is a gift from god it's it's

641
00:38:58,713 --> 00:39:04,253
divinely inspired it's given to us by god so i i don't think i would i i know i wouldn't say it

642
00:39:04,253 --> 00:39:13,433
comes from us um well when einstein thinks up the theory of relativity it's like is it an

643
00:39:13,433 --> 00:39:21,613
invention or is it a discovery and does he discover it via reason or does he discover it just via

644
00:39:21,613 --> 00:39:26,713
pattern matching with information that he's already consumed previously and is there a

645
00:39:26,713 --> 00:39:34,953
difference between the two you know it's i mean this is like the classic processor versus memory

646
00:39:34,953 --> 00:39:42,593
debate in computer science you know you can save on memory by having to reprocess it and come up

647
00:39:42,593 --> 00:39:43,453
with the answer again

648
00:39:43,453 --> 00:39:44,433
or you can

649
00:39:44,433 --> 00:39:45,493
pre-compute the answers

650
00:39:45,493 --> 00:39:46,352
and put them in memory

651
00:39:46,352 --> 00:39:47,113
and then it saves you

652
00:39:47,113 --> 00:39:48,053
on CPU time

653
00:39:48,053 --> 00:39:48,613
later

654
00:39:48,613 --> 00:39:49,973
so

655
00:39:49,973 --> 00:39:51,113
I guess

656
00:39:51,113 --> 00:39:52,473
somehow

657
00:39:52,473 --> 00:39:53,673
being a human

658
00:39:53,673 --> 00:39:56,533
I feel like we're special

659
00:39:56,533 --> 00:39:57,553
and

660
00:39:57,553 --> 00:39:58,733
our minds

661
00:39:58,733 --> 00:39:59,553
are doing something

662
00:39:59,553 --> 00:40:00,473
that is beyond

663
00:40:00,473 --> 00:40:01,493
what's just measurable

664
00:40:01,493 --> 00:40:02,093
in the physical

665
00:40:02,093 --> 00:40:02,913
world

666
00:40:02,913 --> 00:40:03,293
yeah

667
00:40:03,293 --> 00:40:05,393
maybe even to the

668
00:40:05,393 --> 00:40:06,173
extent of tapping

669
00:40:06,173 --> 00:40:06,633
into

670
00:40:06,633 --> 00:40:08,073
the divine

671
00:40:08,073 --> 00:40:09,153
yeah

672
00:40:09,153 --> 00:40:10,352
like

673
00:40:10,352 --> 00:40:11,393
that's what

674
00:40:11,393 --> 00:40:12,213
that's part

675
00:40:12,213 --> 00:40:14,253
or at least what part of separates us from the animals.

676
00:40:14,573 --> 00:40:14,973
Yep.

677
00:40:15,852 --> 00:40:19,793
Just thinking to like the idea of Adam in the garden

678
00:40:19,793 --> 00:40:23,073
and the Lord giving him the task of naming everything.

679
00:40:23,193 --> 00:40:23,553
Yeah.

680
00:40:23,573 --> 00:40:25,913
Like where do those names come from, you know?

681
00:40:25,933 --> 00:40:26,053
Yep.

682
00:40:26,513 --> 00:40:26,693
Yep.

683
00:40:27,693 --> 00:40:29,433
So yeah, it is fascinating.

684
00:40:29,633 --> 00:40:30,413
And there's, and there's a number,

685
00:40:30,553 --> 00:40:31,513
I think we've talked about this too.

686
00:40:31,593 --> 00:40:32,913
It was like, there's a number of examples

687
00:40:32,913 --> 00:40:34,173
where like the apostle Paul,

688
00:40:34,313 --> 00:40:37,653
he says he describes sinful humanity as,

689
00:40:37,773 --> 00:40:39,633
he says like unreasoning animals,

690
00:40:39,893 --> 00:40:41,273
they do whatever they do.

691
00:40:41,273 --> 00:40:46,553
And so basically he is using reason as the thing that distinguishes between man and animals.

692
00:40:46,693 --> 00:40:52,913
When Israel, as one example, is in sin in the Old Testament, God says to them, come, let us reason together.

693
00:40:53,253 --> 00:41:03,113
He's basically appealing to them to use and steward their reasoning faculties faithfully to see the consequences of what they're doing.

694
00:41:03,113 --> 00:41:10,193
Well, these latest LLMs they claim are reasoning models now, you know, and they have a new button like Grok.

695
00:41:10,193 --> 00:41:15,113
you can click the button that shows you its chain of reasoning to how it got to its answer,

696
00:41:15,393 --> 00:41:20,733
which is, you know, they're trying to like reclaim that for the LLMs and not just,

697
00:41:21,352 --> 00:41:23,393
it's like more than humans.

698
00:41:24,173 --> 00:41:27,593
Other things can reason besides just humans is kind of what they're saying,

699
00:41:27,893 --> 00:41:29,973
which I don't know if I buy into it.

700
00:41:30,332 --> 00:41:31,513
Yeah, it's a good marketing gimmick.

701
00:41:32,233 --> 00:41:35,893
Whether or not it's actually true, that remains to be seen.

702
00:41:36,273 --> 00:41:37,313
All right, here we go.

703
00:41:37,313 --> 00:41:44,513
So Pleditor, that great tweeter of your, let's see here, 29K followers.

704
00:41:44,613 --> 00:41:46,053
How am I not following Pleditor?

705
00:41:47,313 --> 00:41:52,013
He shared this video from David Sachs.

706
00:41:52,233 --> 00:41:52,753
Here we go.

707
00:41:53,393 --> 00:41:54,553
Let's see what David has to say.

708
00:41:54,793 --> 00:41:57,733
Not pass on interest to the token holders.

709
00:41:58,133 --> 00:41:58,513
Why is that?

710
00:41:58,513 --> 00:42:00,693
Look, I mean, I don't know if there's a great principled reason.

711
00:42:00,852 --> 00:42:05,313
This was a compromise that was necessary to get the support of the banking industry, quite frankly.

712
00:42:05,313 --> 00:42:07,313
Ah, they see it as competition on betting.

713
00:42:07,773 --> 00:42:10,393
Well, there was a lot of concern from community banks

714
00:42:10,393 --> 00:42:12,553
that if stablecoins were paying 5% interest,

715
00:42:12,613 --> 00:42:13,433
it would put them out of business.

716
00:42:13,613 --> 00:42:16,293
Personally, I think that that concern,

717
00:42:16,513 --> 00:42:18,293
although understandable from them,

718
00:42:18,953 --> 00:42:21,433
I don't think that that's what would have happened.

719
00:42:21,613 --> 00:42:23,373
But these are the types of compromises, quite frankly,

720
00:42:23,413 --> 00:42:24,933
that you need in order to pass legislation.

721
00:42:25,373 --> 00:42:27,153
I hope that at some point in the future,

722
00:42:27,273 --> 00:42:31,153
we'll revisit that and allow stablecoin issuers

723
00:42:31,153 --> 00:42:32,613
to kind of just do what they want to do.

724
00:42:33,253 --> 00:42:34,973
And that'll be easier once the banks

725
00:42:34,973 --> 00:42:36,173
get into the act

726
00:42:36,173 --> 00:42:36,873
and they're participating

727
00:42:36,873 --> 00:42:37,733
in this industry.

728
00:42:38,093 --> 00:42:38,313
Got it.

729
00:42:38,393 --> 00:42:39,533
But right now,

730
00:42:39,593 --> 00:42:40,373
they're total outsiders

731
00:42:40,373 --> 00:42:41,153
and you can understand

732
00:42:41,153 --> 00:42:41,873
the fear factor.

733
00:42:42,073 --> 00:42:42,613
All right, facts.

734
00:42:42,733 --> 00:42:43,613
What is that?

735
00:42:43,973 --> 00:42:44,613
All right, Jim,

736
00:42:45,313 --> 00:42:45,893
do you want to kind of

737
00:42:45,893 --> 00:42:46,613
unpack this maybe

738
00:42:46,613 --> 00:42:47,953
for people who don't get it?

739
00:42:49,093 --> 00:42:49,533
Yeah.

740
00:42:50,033 --> 00:42:51,373
So there's legislation

741
00:42:51,373 --> 00:42:52,593
going on right now

742
00:42:52,593 --> 00:42:53,553
in the Genius Act

743
00:42:53,553 --> 00:42:55,713
that regulates stable coins.

744
00:42:55,873 --> 00:42:56,653
Stable coins are things

745
00:42:56,653 --> 00:42:57,213
like Tether,

746
00:42:57,733 --> 00:42:58,473
which is essentially

747
00:42:58,473 --> 00:42:59,613
just a company

748
00:42:59,613 --> 00:43:00,973
that creates

749
00:43:00,973 --> 00:43:01,753
a cryptocurrency

750
00:43:01,753 --> 00:43:03,033
that trades

751
00:43:03,033 --> 00:43:04,832
at $1 par.

752
00:43:04,973 --> 00:43:06,413
Like it doesn't really go up and down.

753
00:43:06,493 --> 00:43:14,793
I mean, sometimes it goes up and down a little bit, but the way that they do this is when you put money into and you buy tethers, they've met new tether tokens.

754
00:43:15,133 --> 00:43:19,273
And then they back each one of those tokens by a treasury essentially.

755
00:43:19,273 --> 00:43:37,453
Uh, and so their business model is, I mean, before they weren't paying interest, I guess, I guess they were trying to pay interest or they, they are paying interest, but their business model was you just get dollar exposure because you live in Argentina and you're not allowed to buy dollars.

756
00:43:37,832 --> 00:43:39,813
And then you just don't have access to it.

757
00:43:39,893 --> 00:43:41,113
You don't have access to it.

758
00:43:41,673 --> 00:43:43,873
We make all the interest off the treasuries.

759
00:43:44,133 --> 00:43:45,733
And so that's their profit.

760
00:43:45,733 --> 00:43:54,332
I guess maybe they're trying to pass through some of that back to their customers to offer them a yield to convince them to buy Tether versus other stable coins.

761
00:43:54,793 --> 00:44:01,073
The banks don't like this, of course, because now it's competing with a CD or a high yield savings account.

762
00:44:02,593 --> 00:44:09,093
And competing directly with them for attention and for investment capital.

763
00:44:09,093 --> 00:44:15,852
Like if you have people who are storing money with Tether or with Circle or whatever they're doing, then they're not storing it with these other banks.

764
00:44:16,433 --> 00:44:22,153
And so as part of their condition for their support, the bank said, hey, yeah, you guys can – we could pass this.

765
00:44:22,193 --> 00:44:30,693
You guys can still exist, but you're not going to be able to pay out these effectively interest for holding Tether.

766
00:44:30,693 --> 00:44:38,773
Let's say if you're holding $50,000 worth of Tether, you're not going to be able to pay out interest to these guys, but we are.

767
00:44:39,093 --> 00:44:43,933
I think it's pretty clear that we're moving into a world where banks are going to custody Bitcoin.

768
00:44:44,433 --> 00:44:45,153
Oh, yeah, definitely.

769
00:44:45,313 --> 00:44:57,133
But I think the more interesting question is kind of like MicroStrategy got out of the gate first and they have a massive first mover advantage with being a Bitcoin treasury company.

770
00:44:57,633 --> 00:45:00,373
Does Tether have a first mover advantage with being?

771
00:45:01,153 --> 00:45:02,133
First stable coin.

772
00:45:03,513 --> 00:45:08,393
I mean, I guess you can argue that like CDs at a bank are kind of like a stable coin.

773
00:45:08,393 --> 00:45:09,093
so

774
00:45:09,093 --> 00:45:10,373
um

775
00:45:10,373 --> 00:45:11,593
Tether is famously

776
00:45:11,593 --> 00:45:12,153
one of the

777
00:45:12,153 --> 00:45:13,013
most profitable

778
00:45:13,013 --> 00:45:14,033
or like the most

779
00:45:14,033 --> 00:45:14,973
profitable company

780
00:45:14,973 --> 00:45:15,893
per employee

781
00:45:15,893 --> 00:45:17,113
they literally just

782
00:45:17,113 --> 00:45:18,332
print money

783
00:45:18,332 --> 00:45:19,093
it's insane

784
00:45:19,093 --> 00:45:19,593
how much money

785
00:45:19,593 --> 00:45:19,993
they're printing

786
00:45:19,993 --> 00:45:21,293
and they've turned around

787
00:45:21,293 --> 00:45:22,832
and put all that back

788
00:45:22,832 --> 00:45:24,533
into Bitcoin now

789
00:45:24,533 --> 00:45:25,193
essentially with

790
00:45:25,193 --> 00:45:25,933
uh

791
00:45:25,933 --> 00:45:26,813
what's this company

792
00:45:26,813 --> 00:45:27,332
21

793
00:45:27,332 --> 00:45:28,653
Capital or whatever

794
00:45:28,653 --> 00:45:29,553
they've funded it

795
00:45:29,553 --> 00:45:30,013
with like a hundred

796
00:45:30,013 --> 00:45:31,053
billion dollars worth

797
00:45:31,053 --> 00:45:32,673
of Bitcoin I think

798
00:45:32,673 --> 00:45:33,413
is it a hundred

799
00:45:33,413 --> 00:45:34,153
thousand Bitcoin

800
00:45:34,153 --> 00:45:34,933
that they're putting in

801
00:45:34,933 --> 00:45:35,852
I don't know

802
00:45:35,852 --> 00:45:36,433
it's a lot

803
00:45:36,433 --> 00:45:37,453
yeah it's

804
00:45:37,453 --> 00:45:38,093
it's insane

805
00:45:38,093 --> 00:45:41,733
so the alternate take is the Adam Livingston

806
00:45:41,733 --> 00:45:44,293
tweet

807
00:45:44,293 --> 00:45:45,913
I said to you on Signal

808
00:45:45,913 --> 00:45:47,473
oh on Signal

809
00:45:47,473 --> 00:45:49,593
we talked about doing that beforehand

810
00:45:49,593 --> 00:45:50,913
so

811
00:45:50,913 --> 00:45:54,913
Adam's take is that

812
00:45:54,913 --> 00:45:58,673
Tether is essentially the Trojan horse

813
00:45:58,673 --> 00:46:01,573
that's going to usher in

814
00:46:01,573 --> 00:46:04,473
the flippening between Bitcoin and the dollar

815
00:46:04,473 --> 00:46:14,332
so what's interesting right is as tether rolls more of the interest from the bonds into bitcoin

816
00:46:14,332 --> 00:46:21,733
and the value of the bitcoin goes up the question becomes at what point does their bitcoin holdings

817
00:46:21,733 --> 00:46:27,133
which kind of makes them look like a bitcoin treasury company become more valuable than the

818
00:46:27,133 --> 00:46:35,573
bond holdings that represent the dollar backing for the stable coin like when that happens then

819
00:46:35,573 --> 00:46:42,093
it be then the question becomes well why is the token being backed by the weaker currency or the

820
00:46:42,093 --> 00:46:47,373
thing that's smaller on the balance sheet so he argues that what you may end up seeing is

821
00:46:47,373 --> 00:46:55,253
tether actually trading at a premium like 1.2 or 1.5 instead of one which is what it should be

822
00:46:55,253 --> 00:47:11,913
That's what it was supposed to be. And when that starts happening, it sort of turns into a runaway train and accelerates the flipping. So, you know, everybody in the government's this train, Jim, nothing stops this train.

823
00:47:11,913 --> 00:47:17,073
he's just arguing that the government's being all chum chum with these stable coin providers

824
00:47:17,073 --> 00:47:22,733
because they think it's going to keep dollar hegemony going but it actually accelerates the

825
00:47:22,733 --> 00:47:29,213
transition to the bitcoin standard which ultimately in the end is the demise of the dollar yeah so

826
00:47:29,213 --> 00:47:36,273
this is i mean here's the here's the thread uh yeah just basically exactly what jim laid out

827
00:47:36,273 --> 00:47:38,813
I'll let you guys find this

828
00:47:38,813 --> 00:47:40,393
what we should do

829
00:47:40,393 --> 00:47:42,352
he's got a video version of it too

830
00:47:42,352 --> 00:47:43,593
at the bottom

831
00:47:43,593 --> 00:47:46,293
yeah yeah but his videos

832
00:47:46,293 --> 00:47:48,813
he talks really fast and uses really colorful

833
00:47:48,813 --> 00:47:50,753
analogies that are hard to understand so

834
00:47:50,753 --> 00:47:52,293
okay is that

835
00:47:52,293 --> 00:47:54,413
oh right here there you go okay yeah yeah

836
00:47:54,413 --> 00:47:56,453
and who does he work for

837
00:47:56,453 --> 00:47:58,753
is it a he wrote a book

838
00:47:58,753 --> 00:48:01,393
the AI

839
00:48:01,393 --> 00:48:02,673
for the smarter web

840
00:48:02,673 --> 00:48:03,653
company no

841
00:48:03,653 --> 00:48:04,553
no

842
00:48:04,553 --> 00:48:06,233
he just came on

843
00:48:06,233 --> 00:48:07,433
dude he just came on

844
00:48:07,433 --> 00:48:08,133
Twitter like

845
00:48:08,133 --> 00:48:09,613
a couple months ago

846
00:48:09,613 --> 00:48:10,293
and he's already almost

847
00:48:10,293 --> 00:48:11,332
50,000 followers

848
00:48:11,332 --> 00:48:12,373
or something

849
00:48:12,373 --> 00:48:12,993
it's like

850
00:48:12,993 --> 00:48:14,693
guys let me translate

851
00:48:14,693 --> 00:48:15,473
what that means

852
00:48:15,473 --> 00:48:16,153
what Jim is saying

853
00:48:16,153 --> 00:48:16,933
is he's accusing

854
00:48:16,933 --> 00:48:17,673
Adam Livingston

855
00:48:17,673 --> 00:48:18,393
of being a spook

856
00:48:18,393 --> 00:48:18,973
I'm pretty sure

857
00:48:18,973 --> 00:48:19,352
that's what

858
00:48:19,352 --> 00:48:19,953
that's pretty sure

859
00:48:19,953 --> 00:48:20,793
that's what's going on

860
00:48:20,793 --> 00:48:22,513
it's like Jason Lowry

861
00:48:22,513 --> 00:48:23,473
he appeared out of nowhere

862
00:48:23,473 --> 00:48:25,173
no he's real

863
00:48:25,173 --> 00:48:26,473
yeah

864
00:48:26,473 --> 00:48:27,073
no I'm just kidding

865
00:48:27,073 --> 00:48:27,813
but yeah no

866
00:48:27,813 --> 00:48:28,473
Adam was the one

867
00:48:28,473 --> 00:48:29,113
who recommended

868
00:48:29,113 --> 00:48:30,573
the smarter web company

869
00:48:30,573 --> 00:48:31,573
as like the

870
00:48:31,573 --> 00:48:32,832
Bitcoin treasury company

871
00:48:32,832 --> 00:48:34,873
He just basically said they're going to be the next one.

872
00:48:34,953 --> 00:48:35,673
And then they exploded.

873
00:48:35,832 --> 00:48:38,673
Now they've shrunk back down, much to Jim Chagrin.

874
00:48:38,913 --> 00:48:41,852
And now who knows what's going to happen in the future.

875
00:48:42,553 --> 00:48:45,033
But all right, let's keep going on here.

876
00:48:45,733 --> 00:48:56,153
Speaking of making products out of Bitcoin or products that are offered for Bitcoin, we have this one right here.

877
00:48:56,153 --> 00:49:20,913
All right. So from Gilded Pleb, friend of the program, former future and former guest. Why isn't this working? There we go. He's talking about what CJ Konstantinopoulos, Konstantinos, basically his new business, People's Reserve, which basically offers Bitcoin-backed mortgages, at least nominally.

878
00:49:20,913 --> 00:49:42,093
Well, it looks like when you dig down into how that actually works out and how they're choosing to do that, apparently they have an ERC-20 token, basically token built on Ethereum that you can buy to give you preferred lending rates, something to that effect.

879
00:49:42,593 --> 00:49:46,233
So Gilded Plug basically asks these questions.

880
00:49:46,393 --> 00:49:46,993
Here he goes.

881
00:49:47,373 --> 00:49:50,453
How is this not an ICO, that coin?

882
00:49:50,453 --> 00:49:54,093
Sully circa 2017.

883
00:49:54,313 --> 00:49:55,433
It seems pretty,

884
00:49:55,433 --> 00:49:55,813
pretty,

885
00:49:55,813 --> 00:49:56,673
very similar to it.

886
00:49:56,993 --> 00:49:58,153
Whose idea was this?

887
00:49:58,713 --> 00:50:00,973
CJ has been on some of the largest Bitcoin podcasts.

888
00:50:01,593 --> 00:50:02,993
I've communicated with CJ,

889
00:50:03,173 --> 00:50:05,813
had no idea that this was going to be part of their business model.

890
00:50:06,413 --> 00:50:08,013
He's been on Preston Pish's podcast,

891
00:50:08,273 --> 00:50:08,973
friend of the program,

892
00:50:09,093 --> 00:50:09,593
Preston Pish,

893
00:50:09,913 --> 00:50:10,473
been on,

894
00:50:10,573 --> 00:50:11,693
I believe Jimmy's podcast.

895
00:50:11,813 --> 00:50:15,093
He's been on some of the biggest podcasts in all of the,

896
00:50:15,093 --> 00:50:17,033
I think all of the biggest Bitcoin podcasts.

897
00:50:17,832 --> 00:50:20,332
I don't think anybody knew that this was going to be part of the thing.

898
00:50:20,453 --> 00:50:22,373
how is this Bitcoin mechanism?

899
00:50:22,513 --> 00:50:23,213
I don't think it is.

900
00:50:23,453 --> 00:50:24,413
Why do you do this at all?

901
00:50:24,513 --> 00:50:25,513
That's a great question.

902
00:50:25,613 --> 00:50:26,233
What is the purpose?

903
00:50:26,733 --> 00:50:28,913
I think it's just to allow them to make more money.

904
00:50:30,473 --> 00:50:31,513
So, hang on.

905
00:50:31,913 --> 00:50:32,273
Back up.

906
00:50:32,653 --> 00:50:34,773
So the mortgage is still backed by Bitcoin,

907
00:50:35,053 --> 00:50:36,593
but you're buying down the rate

908
00:50:36,593 --> 00:50:39,813
by holding an ERC-20 token in their custody?

909
00:50:40,233 --> 00:50:43,173
I think that's the idea.

910
00:50:43,973 --> 00:50:46,613
Because there's a sale for these tokens,

911
00:50:46,613 --> 00:50:51,913
tiered stages that they're offering these things.

912
00:50:52,113 --> 00:50:53,973
So to qualify for diamond,

913
00:50:54,273 --> 00:50:55,313
which is a certain,

914
00:50:55,433 --> 00:50:57,773
I believe a certain mortgage rate or something,

915
00:50:58,193 --> 00:51:00,593
you have to own a certain number,

916
00:51:01,093 --> 00:51:03,973
a certain number of a certain percentage

917
00:51:03,973 --> 00:51:04,793
or a certain number.

918
00:51:05,473 --> 00:51:05,613
Yeah.

919
00:51:05,793 --> 00:51:07,332
So they're giving you a discounted rate,

920
00:51:07,433 --> 00:51:08,832
but then they're turning around probably

921
00:51:08,832 --> 00:51:11,013
and taking that token and yield farming on it

922
00:51:11,013 --> 00:51:11,693
to make it up.

923
00:51:12,693 --> 00:51:13,173
Potentially.

924
00:51:13,173 --> 00:51:13,553
Yeah.

925
00:51:13,693 --> 00:51:15,373
We, again, we don't want to accuse without knowing,

926
00:51:15,373 --> 00:51:26,673
But it's definitely certain that there's an Ethereum token involved in this thing, which just really surprises me.

927
00:51:26,693 --> 00:51:27,453
I mean, I don't know what to say.

928
00:51:27,573 --> 00:51:32,213
If you're creating a product and targeting Bitcoin maximalists, you just shot yourself in the foot.

929
00:51:32,913 --> 00:51:34,913
Yeah, it just doesn't make sense to me.

930
00:51:35,053 --> 00:51:38,533
But I mean, I'm sure there'll be people who are out there who take advantage of this.

931
00:51:38,533 --> 00:51:46,332
there's obviously humongous demand for um there's going to be humongous demand for uh for bitcoin

932
00:51:46,332 --> 00:51:51,133
mortgage products i just i just don't well that that story just came out a couple days ago right

933
00:51:51,133 --> 00:51:58,013
like they're recommending that uh banks take bitcoin as collateral oh yeah yeah pulte came

934
00:51:58,013 --> 00:52:03,213
out and was talking about that yeah yeah who who who reached out to him i can't remember who it was

935
00:52:03,213 --> 00:52:04,493
but I mean,

936
00:52:04,533 --> 00:52:04,832
I'm,

937
00:52:04,913 --> 00:52:07,053
if that actually plays out,

938
00:52:07,113 --> 00:52:08,553
I'm ecstatic about that.

939
00:52:08,793 --> 00:52:09,313
Yeah.

940
00:52:09,313 --> 00:52:09,873
A hundred percent.

941
00:52:10,193 --> 00:52:14,993
Being able to collateralize your mortgage with Bitcoin that you're already

942
00:52:14,993 --> 00:52:17,753
just holding in self custody for forever.

943
00:52:17,933 --> 00:52:18,213
I mean,

944
00:52:19,013 --> 00:52:19,653
no brainer.

945
00:52:20,153 --> 00:52:20,633
Well,

946
00:52:20,653 --> 00:52:21,013
and then there's,

947
00:52:21,073 --> 00:52:22,753
there's other ways to do this too.

948
00:52:22,813 --> 00:52:23,953
Like there's other ways to,

949
00:52:23,953 --> 00:52:25,093
to make this happen.

950
00:52:25,213 --> 00:52:25,413
I mean,

951
00:52:25,413 --> 00:52:25,873
there's like,

952
00:52:26,393 --> 00:52:26,913
um,

953
00:52:27,033 --> 00:52:28,173
I'm trying to think of,

954
00:52:28,173 --> 00:52:28,753
uh,

955
00:52:28,753 --> 00:52:29,852
I can't remember what the other,

956
00:52:29,852 --> 00:52:31,533
like proof of funds there's,

957
00:52:31,573 --> 00:52:33,193
there's somebody who just was on Marty Ben's podcast.

958
00:52:33,213 --> 00:52:34,332
and they were talking about this.

959
00:52:34,453 --> 00:52:35,733
I can't think of what the guy's name is.

960
00:52:36,773 --> 00:52:39,493
Yeah, I saw somebody linked to that product.

961
00:52:40,133 --> 00:52:43,253
I'll be curious to see how they actually do it.

962
00:52:43,733 --> 00:52:43,933
Yeah.

963
00:52:43,973 --> 00:52:47,553
Or if it can only be in like an unchained vault or something.

964
00:52:47,913 --> 00:52:48,093
Yep.

965
00:52:48,753 --> 00:52:50,693
And then you've also got friend of the program,

966
00:52:51,013 --> 00:52:54,313
Rob Hamilton, who does Anchor Watch,

967
00:52:54,493 --> 00:52:57,153
which is like Bitcoin insurance

968
00:52:57,153 --> 00:52:58,753
and uses Miniscript.

969
00:52:59,013 --> 00:53:00,493
And there's some interesting things

970
00:53:00,493 --> 00:53:01,852
that you can potentially do.

971
00:53:03,213 --> 00:53:06,773
you know, to this end to kind of give proof of funds

972
00:53:06,773 --> 00:53:08,173
while we'll still maintain in custody.

973
00:53:09,593 --> 00:53:13,053
So again, you want to get the benefit of both worlds if possible.

974
00:53:13,673 --> 00:53:17,153
And man, sadly, this does not seem like it's going to be something

975
00:53:17,153 --> 00:53:18,613
that I'm interested in using

976
00:53:18,613 --> 00:53:21,753
and that I know a lot of Bitcoin people are going to be willing to use given.

977
00:53:22,173 --> 00:53:23,573
Well, it seems like a double whammy

978
00:53:23,573 --> 00:53:26,013
because not only are they shooting themselves in the foot,

979
00:53:26,193 --> 00:53:30,033
but supposedly normal banks are going to be hot on the heels

980
00:53:30,033 --> 00:53:31,893
just taking Bitcoin's collateral anyways.

981
00:53:31,893 --> 00:53:34,533
So what's the incentive to go with these guys?

982
00:53:34,973 --> 00:53:35,533
Exactly.

983
00:53:35,713 --> 00:53:41,513
If you're competing against somebody and, you know, yeah, I just don't see how this helps them at all.

984
00:53:42,633 --> 00:53:49,453
I'm willing to hear him out, but it definitely feels slimy.

985
00:53:50,453 --> 00:53:50,852
Yeah.

986
00:53:50,953 --> 00:53:51,593
Moving on.

987
00:53:51,753 --> 00:53:54,633
We are, we've got, let's see, this is Matthew Cratter.

988
00:53:55,153 --> 00:53:56,633
Hopefully we're going to get Matt on the program.

989
00:53:56,813 --> 00:53:57,773
I reached out to him.

990
00:53:57,873 --> 00:53:59,253
We have some friends in common.

991
00:53:59,253 --> 00:54:01,893
and so hopefully we're going to do this.

992
00:54:01,953 --> 00:54:03,653
This is humongous news

993
00:54:03,653 --> 00:54:05,493
that people just kind of moved past pretty quickly.

994
00:54:05,953 --> 00:54:07,993
The ECB coming for your money.

995
00:54:08,573 --> 00:54:10,193
Again, we won't watch this 11 minute

996
00:54:10,193 --> 00:54:11,393
and 35 second video,

997
00:54:11,593 --> 00:54:15,193
but basically you have convicted criminal Christine Lagarde

998
00:54:15,193 --> 00:54:17,813
who's the chief of the European Central Bank

999
00:54:17,813 --> 00:54:20,453
who is basically talking about doing a bail-in

1000
00:54:20,453 --> 00:54:23,613
and just taking customer deposits

1001
00:54:23,613 --> 00:54:26,373
in order, basically as a loan

1002
00:54:26,373 --> 00:54:28,233
and then paying them out for it,

1003
00:54:28,233 --> 00:54:36,053
paying them some sort of return. This is insane. Just absolutely atrocious. This has happened other

1004
00:54:36,053 --> 00:54:40,953
places. And just the fact that they're trying, you know, just openly talking about this is

1005
00:54:40,953 --> 00:54:47,313
utterly unhinged and an argument and reason Bitcoin exists and an argument for Bitcoin,

1006
00:54:47,413 --> 00:54:51,713
if I've ever heard one. Well, this was the whole Keynesian trope to begin with, right?

1007
00:54:52,093 --> 00:54:56,213
Keynes was saying, oh, we have to have inflation to incentivize people to spend. Otherwise,

1008
00:54:56,213 --> 00:55:02,013
the economy will grind to a halt and so they're basically just parroting hey savings are bad

1009
00:55:02,013 --> 00:55:07,233
essentially you guys are horrible for our economy by hoarding your money we need to essentially

1010
00:55:07,233 --> 00:55:12,673
steal your money so that we can quote reinvest it but we know that's not what's happening they're

1011
00:55:12,673 --> 00:55:18,553
just spending it on government programs that don't add any value to the economy exactly i think what

1012
00:55:18,553 --> 00:55:24,613
the question i have is why don't they just keep printing money like why why do they need to steal

1013
00:55:24,613 --> 00:55:29,173
people's balances when they can just run the money printer other than just they know that's

1014
00:55:29,173 --> 00:55:34,073
inflationary. And so that's, and they're all, they're already doing that. And so it's like,

1015
00:55:34,133 --> 00:55:39,593
it's not that they're not, it's let's do both. Yeah. It's, it's that again, they, you basically

1016
00:55:39,593 --> 00:55:43,653
stealing other people's money allows you to continue to do the money printing without it

1017
00:55:43,653 --> 00:55:49,813
being, having the, and as inflationary, correct. It just heightens it rather than it being something

1018
00:55:49,813 --> 00:55:54,313
that is or isn't happening. Yeah. Which, you know, effectively one way to think about this is

1019
00:55:54,313 --> 00:56:00,573
their bond sales are going no bid. And so that's what this is effectively,

1020
00:56:00,573 --> 00:56:05,553
we're forcing you to bid on our bonds. Yes. Yeah. That's basically what this is. You're,

1021
00:56:05,673 --> 00:56:20,289
they basically forcing you to lend them money at a return They forcing you to buy their bonds Yeah Which is just a bond I mean that what it is Yes exactly And so again this is an argument for Bitcoin if there ever was one Again

1022
00:56:20,489 --> 00:56:24,689
to paint this in Christian parlance, this is an attempt to deny sowing and reaping.

1023
00:56:25,369 --> 00:56:32,109
The European Central Bank wants to have the benefits of responsible, they want to have the

1024
00:56:32,109 --> 00:56:38,169
benefits of their citizenry, trusting them and lending them money, despite the fact that they,

1025
00:56:38,169 --> 00:56:39,589
because of their poor stewardship,

1026
00:56:39,909 --> 00:56:40,689
no one trusts them

1027
00:56:40,689 --> 00:56:41,849
and nobody wants to lend them money.

1028
00:56:42,229 --> 00:56:43,549
They're trying to get the benefit

1029
00:56:43,549 --> 00:56:48,069
without undertaking the self-control

1030
00:56:48,069 --> 00:56:49,829
that would be required

1031
00:56:49,829 --> 00:56:53,189
to get this in a licit, normal way.

1032
00:56:53,849 --> 00:56:54,109
And so-

1033
00:56:54,109 --> 00:56:54,429
Well, right.

1034
00:56:54,749 --> 00:56:56,309
We have to work our butts off

1035
00:56:56,309 --> 00:56:57,549
to get a high credit score

1036
00:56:57,549 --> 00:56:59,349
to be eligible to get loans.

1037
00:56:59,969 --> 00:57:01,809
They don't have to do anything.

1038
00:57:02,129 --> 00:57:03,889
No, they can just steal your money.

1039
00:57:04,069 --> 00:57:05,189
Literally steal your money.

1040
00:57:05,389 --> 00:57:07,309
That's literally what they're throwing out there

1041
00:57:07,309 --> 00:57:09,509
as if this is totally normal

1042
00:57:09,509 --> 00:57:10,569
and you're just a hater

1043
00:57:10,569 --> 00:57:12,269
and a conspiracy theorist

1044
00:57:12,269 --> 00:57:13,569
if you object to this in any way.

1045
00:57:13,729 --> 00:57:14,829
So you're, yeah, you're just,

1046
00:57:15,209 --> 00:57:15,649
you're my girl.

1047
00:57:15,929 --> 00:57:16,049
Okay.

1048
00:57:16,729 --> 00:57:18,809
You're anti-European union.

1049
00:57:18,949 --> 00:57:19,709
You're against growth.

1050
00:57:19,849 --> 00:57:21,949
You're against all the good stuff

1051
00:57:21,949 --> 00:57:22,489
we're trying to do

1052
00:57:22,489 --> 00:57:23,409
to help the environment

1053
00:57:23,409 --> 00:57:26,549
and keep our companies competitive

1054
00:57:26,549 --> 00:57:27,609
in the global landscape

1055
00:57:27,609 --> 00:57:28,849
and all the things they say,

1056
00:57:28,989 --> 00:57:30,269
you know, and what's sad

1057
00:57:30,269 --> 00:57:31,429
is that there's probably

1058
00:57:31,429 --> 00:57:32,389
a lot of people in Europe

1059
00:57:32,389 --> 00:57:33,989
that totally buy the line.

1060
00:57:34,149 --> 00:57:35,169
Yeah, yeah, yeah.

1061
00:57:35,389 --> 00:57:36,389
Yeah, it's, it's,

1062
00:57:36,389 --> 00:57:41,689
these people are liars. They are, they are absolutely liars who, again, Christine,

1063
00:57:41,889 --> 00:57:47,569
she's a convicted criminal. She's a convicted felon. She got out of jail and they literally

1064
00:57:47,569 --> 00:57:52,309
put her back in the role. Like what in the world, if this were to happen anywhere else,

1065
00:57:52,309 --> 00:57:57,529
we'd be getting all kinds of, if you made her the CEO of DroneLink, Jim, again, you'd be getting

1066
00:57:57,529 --> 00:58:02,369
looked at. Nobody would trust you. Uh, it would be, it would be, it'd be like, why is Jim, what,

1067
00:58:02,369 --> 00:58:09,389
Why does Jim value the skills, the very particular set of skills that Christine Lagarde has?

1068
00:58:09,809 --> 00:58:12,089
What does she have to contribute?

1069
00:58:12,269 --> 00:58:15,369
And the reality is she's good at doing this kind of thing.

1070
00:58:15,389 --> 00:58:21,089
And she's willing to do horribly immoral things for the right amount of money,

1071
00:58:21,189 --> 00:58:23,589
which is what the European Central Bank is willing to pay her.

1072
00:58:24,149 --> 00:58:25,709
So go watch this.

1073
00:58:25,809 --> 00:58:27,529
Matthew Cratter is the man.

1074
00:58:28,109 --> 00:58:30,469
Again, we're trying to get him on the podcast here soon.

1075
00:58:30,469 --> 00:58:33,129
And as soon as we get more information about that, we will let you know.

1076
00:58:33,269 --> 00:58:33,889
Here we go.

1077
00:58:34,009 --> 00:58:35,789
Jake Gosselin, friend of the program.

1078
00:58:36,729 --> 00:58:37,589
Share this tab.

1079
00:58:37,749 --> 00:58:38,349
This is the last one.

1080
00:58:39,169 --> 00:58:41,349
We've got a couple more, but we're not far.

1081
00:58:42,489 --> 00:58:45,129
Jake Gosselin, he's the founder of Real Church Front.

1082
00:58:45,249 --> 00:58:52,449
Basically, he helps basically mega churches set up like basically sound systems and visual

1083
00:58:52,449 --> 00:58:53,489
things and all kinds of stuff.

1084
00:58:54,109 --> 00:58:54,769
Jake's a good dude.

1085
00:58:54,909 --> 00:58:58,409
He has a YouTube channel, does Bitcoin videos as well.

1086
00:58:58,949 --> 00:59:00,369
But he posted this the other day.

1087
00:59:00,469 --> 00:59:02,469
Bitcoiners get it.

1088
00:59:02,729 --> 00:59:04,049
Church leaders and pastors don't.

1089
00:59:04,149 --> 00:59:04,909
This is very sad.

1090
00:59:04,989 --> 00:59:07,149
This is from Jack Mallers speaking at Bitcoin Prague.

1091
00:59:07,629 --> 00:59:09,009
The control and issuance of money

1092
00:59:09,009 --> 00:59:11,769
are first and foremost ethical questions.

1093
00:59:12,529 --> 00:59:13,909
It's not an economic problem.

1094
00:59:13,989 --> 00:59:14,869
It's a moral one.

1095
00:59:15,129 --> 00:59:17,089
This is something that we literally

1096
00:59:17,089 --> 00:59:18,349
beat our heads against the wall

1097
00:59:18,349 --> 00:59:19,929
to try to help people understand.

1098
00:59:20,169 --> 00:59:22,189
This question of the ethics of money production,

1099
00:59:22,969 --> 00:59:24,249
this is not some,

1100
00:59:24,429 --> 00:59:27,289
we should not just leave this to economists,

1101
00:59:27,289 --> 00:59:28,629
to central bankers.

1102
00:59:28,629 --> 00:59:39,329
You know, this is a very, at the end of the day, ethical, moral concern to which Christians of all people and pastors should be speaking to.

1103
00:59:39,849 --> 00:59:50,089
They should be talking about the underlying moral, ethical, biblical issues that are undergirding government actions.

1104
00:59:50,089 --> 00:59:59,489
And perhaps no one has better illustrated this than somebody like Jorguito Holtzman, Nicholas Erezme, who was a 15th century bishop.

1105
01:00:01,129 --> 01:00:07,709
Jorguito Holtzman wrote the book, The Ethics of Money Production, based on primarily Nicholas Erezme's work.

1106
01:00:07,709 --> 01:00:16,149
And he was basically this bishop who objected to the whatever, I can't remember, it wasn't Bulgaria, it was somewhere in Europe.

1107
01:00:16,669 --> 01:00:28,009
Somebody, one of these princes of this nation was basically introducing baser metals into the monetary supply to be able to create more currency units and enrich himself.

1108
01:00:28,009 --> 01:00:34,729
and Nicholas Aresme, a bishop, confronted him and basically said, sir, you're violating this

1109
01:00:34,729 --> 01:00:40,849
obscure Old Testament passage known as the Eighth Commandment. You're stealing from your citizenry

1110
01:00:40,849 --> 01:00:47,209
and it's wrong. It's not just less than ideal. This is sinful and wrong. And so good on Jack,

1111
01:00:47,629 --> 01:00:55,209
our man in Chicago, for speaking in these terms. And again, hopefully this will be something that,

1112
01:00:55,209 --> 01:00:59,809
you know, again, more and more of us can raise, an issue that we can raise with church leaders to

1113
01:00:59,809 --> 01:01:04,409
help them see the reality of, you know, what's undergirding this issue.

1114
01:01:05,329 --> 01:01:11,729
I think that framing it in the ethics of money production is the critical point there. I think

1115
01:01:11,729 --> 01:01:16,329
a lot of Christians would be quick to admit that, yeah, there's a lot of ethics around money,

1116
01:01:16,449 --> 01:01:19,969
but they usually think about it in terms of using the money and consuming the money,

1117
01:01:19,969 --> 01:01:23,989
and like the avarice and the greed and all the pitfalls.

1118
01:01:23,989 --> 01:01:25,709
Well, not your prostitutes is bad.

1119
01:01:26,109 --> 01:01:27,389
Everyone would acknowledge, yeah.

1120
01:01:27,509 --> 01:01:30,209
So they just spend 99.9% of the airtime

1121
01:01:30,209 --> 01:01:32,229
on the ethics of that side of money,

1122
01:01:32,549 --> 01:01:34,269
and then the production side

1123
01:01:34,269 --> 01:01:35,849
just gets a total pass for some reason.

1124
01:01:36,229 --> 01:01:36,509
Yes.

1125
01:01:37,049 --> 01:01:39,389
We'll just let governments positivistically

1126
01:01:39,389 --> 01:01:41,289
just decide whatever they want to do

1127
01:01:41,289 --> 01:01:42,689
in terms of...

1128
01:01:42,689 --> 01:01:44,689
I mean, probably the average Christian,

1129
01:01:44,849 --> 01:01:45,549
if you ask them,

1130
01:01:46,029 --> 01:01:47,569
hey, is 2% inflation good?

1131
01:01:47,989 --> 01:01:48,929
They'd say, well, yeah,

1132
01:01:48,989 --> 01:01:50,049
because that's what the Fed says.

1133
01:01:52,189 --> 01:01:52,589
Yeah.

1134
01:01:52,929 --> 01:01:53,689
All right, here we go.

1135
01:01:53,689 --> 01:01:54,369
we're going to move

1136
01:01:54,369 --> 01:01:55,209
let's see

1137
01:01:55,209 --> 01:01:56,609
we got one more here

1138
01:01:56,609 --> 01:01:57,489
we'll save this

1139
01:01:57,489 --> 01:01:58,969
we'll save this good one

1140
01:01:58,969 --> 01:01:59,809
we'll save the

1141
01:01:59,809 --> 01:02:00,949
the spiciest one

1142
01:02:00,949 --> 01:02:01,909
we'll save this one for Tim

1143
01:02:01,909 --> 01:02:02,509
when he's

1144
01:02:02,509 --> 01:02:03,529
we're holding out

1145
01:02:03,529 --> 01:02:04,269
yeah

1146
01:02:04,269 --> 01:02:04,809
this is

1147
01:02:04,809 --> 01:02:06,529
and what I'm referring to is

1148
01:02:06,529 --> 01:02:09,269
Peter Thiel's interview

1149
01:02:09,269 --> 01:02:10,469
with Ross Douthat

1150
01:02:10,469 --> 01:02:11,829
we may have to watch

1151
01:02:11,829 --> 01:02:12,309
the whole thing

1152
01:02:12,309 --> 01:02:13,549
because it's just so good

1153
01:02:13,549 --> 01:02:14,989
it's so wild and unhinged

1154
01:02:14,989 --> 01:02:17,009
that it might be worth

1155
01:02:17,009 --> 01:02:18,169
doing a full watch along

1156
01:02:18,169 --> 01:02:19,289
that'll be fun

1157
01:02:19,289 --> 01:02:20,729
but to finish here

1158
01:02:20,729 --> 01:02:22,409
we have

1159
01:02:22,409 --> 01:02:23,569
Stefan Moenu

1160
01:02:23,569 --> 01:02:29,049
He is like a internet person, internet personality, uh, provocateur.

1161
01:02:29,509 --> 01:02:33,449
He's had, you know, YouTube channel for a long time, 422,000 followers.

1162
01:02:33,689 --> 01:02:35,709
He's a brilliant guy.

1163
01:02:36,009 --> 01:02:38,589
Uh, again, I definitely not a, not a Christian.

1164
01:02:38,589 --> 01:02:41,389
He's kind of more of a, I don't think he's an atheist, but like agnostic.

1165
01:02:41,629 --> 01:02:47,149
Uh, but other than that, I mean, there's tons of things where he's just a very, uh, brilliant

1166
01:02:47,149 --> 01:02:51,429
mind and, and able to parse things and the logic of things very clearly.

1167
01:02:51,429 --> 01:03:04,169
So we have Diego Trombone repeating something that we hear a lot in Bitcoin that, what's the actual phrase? Bad men create hard times, that whole idea. I can't remember what it was.

1168
01:03:04,169 --> 01:03:07,289
Bad men create hard times, hard times create strong men.

1169
01:03:08,049 --> 01:03:08,849
Strong men, yeah.

1170
01:03:09,229 --> 01:03:14,649
Yeah, the whole dichotomy of strong men and hard times and easy times and weak men, that whole thing.

1171
01:03:14,649 --> 01:03:21,169
and so um we have this uh Diego Trombo saying it'd be like that hard time hard times are created by

1172
01:03:21,169 --> 01:03:27,189
weak men who let women lead uh this is this is big if true and it's been true since Genesis 3 so we

1173
01:03:27,189 --> 01:03:32,629
would agree uh and then Stefan responds to that and says the strong men were wiped out by World

1174
01:03:32,629 --> 01:03:39,029
War I and governments bribed women with the vote to keep the peace so women turn to the government

1175
01:03:39,029 --> 01:03:43,029
instead of husbands and children for income and security this is talking about in the aftermath

1176
01:03:43,029 --> 01:03:49,789
of World War II. This is a very fascinating way to think about the dynamic of what's happened over

1177
01:03:49,789 --> 01:03:55,189
the past century. Again, if you think about, I mentioned this in the group chat that we're in,

1178
01:03:55,669 --> 01:04:00,269
if you think about the incentives, one of the established things is that governments frequently,

1179
01:04:00,469 --> 01:04:07,189
when they get to the point where they've run up significant debts, they go to war to basically

1180
01:04:07,189 --> 01:04:13,349
print money and inflate away these debts. And so the idea of, you know, entering into war,

1181
01:04:14,489 --> 01:04:19,829
at least the possibility of entering into war, both to inflate away your debts and to potentially,

1182
01:04:19,829 --> 01:04:26,869
you know, use your strong men as cannon fodder to, to fight them. And then the result is you're,

1183
01:04:26,869 --> 01:04:32,149
whoever, you know, you're left with less men and potentially a weaker populace, a populace that's

1184
01:04:32,149 --> 01:04:37,789
weaker and lesser, less able to resist whatever insane thing that governments want to do,

1185
01:04:38,369 --> 01:04:41,929
um, or whatever, you know, totalitarian thing that the governments want to do.

1186
01:04:42,069 --> 01:04:45,829
It's just, it's a very, I've never thought about it that to that degree.

1187
01:04:46,289 --> 01:04:51,149
Uh, but when you think about the incentives that are there, that is a heck of an incentive

1188
01:04:51,149 --> 01:04:54,349
alignment, uh, to continue to do that over, over time.

1189
01:04:54,349 --> 01:04:56,829
So, um, I just thought that was interesting.

1190
01:04:56,869 --> 01:04:57,689
Anything you want to add there, Jim?

1191
01:04:58,189 --> 01:05:01,309
Yeah, I would, from a theological standpoint,

1192
01:05:01,309 --> 01:05:08,049
I probably changed the word bribed to tempted. And I'm not sure if I would agree with the keep

1193
01:05:08,049 --> 01:05:14,969
the peace aspect of that. Um, obviously we've kind of had forever wars, so there hasn't really

1194
01:05:14,969 --> 01:05:19,429
been peace. Maybe, maybe they're talking about peace kind of like internally within our society,

1195
01:05:19,429 --> 01:05:24,849
not externally. Correct. Yeah. That's, but yeah, government's tempting women with the vote,

1196
01:05:24,849 --> 01:05:30,449
uh, innocence playing into what you mentioned there and their curse, their desire will be for

1197
01:05:30,449 --> 01:05:38,409
your husband uh what it's talking about is uh to usurp his correct god-given role of leadership

1198
01:05:38,409 --> 01:05:48,249
um you know i think that it didn't take much to tempt women into that and obviously there's been

1199
01:05:48,249 --> 01:05:55,389
hundreds and even thousands of years of just atrocities of men committing horrible acts of

1200
01:05:55,389 --> 01:06:02,229
violence against women. And so I'm not excusing any of that. That's men not living out their

1201
01:06:02,229 --> 01:06:08,809
God-given role to lay down their lives for their wives, um, you know, and serve them just like

1202
01:06:08,809 --> 01:06:17,129
Christ served the church. So, um, it is a sad state of affairs that we've gotten ourselves into.

1203
01:06:17,129 --> 01:06:25,989
And I think, um, a lot of men have become, uh, you've been told that masculinity is a

1204
01:06:25,989 --> 01:06:26,469
bad thing.

1205
01:06:26,729 --> 01:06:29,189
So we need, we need strong men.

1206
01:06:29,309 --> 01:06:30,589
We need strong women too.

1207
01:06:31,329 --> 01:06:31,849
Amen.

1208
01:06:32,209 --> 01:06:32,629
Yeah.

1209
01:06:32,629 --> 01:06:37,729
We need, we need people to be, to seek out and then to be content in the roles that they,

1210
01:06:37,909 --> 01:06:39,689
that they, you know, that God has given them.

1211
01:06:39,689 --> 01:06:59,769
Uh, and yeah, just to, to act like any, any men using authority and being comfortable with authority is, is illicit is insane and ahistorical and, you know, allows basically creates a situation where awful strong men are able to rise up and do horrible things.

1212
01:06:59,769 --> 01:07:02,269
even just the whole gender war thing

1213
01:07:02,269 --> 01:07:04,209
in the first place is a twisting

1214
01:07:04,209 --> 01:07:05,209
by Satan.

1215
01:07:06,129 --> 01:07:07,609
There's a absolutely

1216
01:07:07,609 --> 01:07:10,249
amazing section of

1217
01:07:10,249 --> 01:07:11,749
the second book in C.S. Lewis

1218
01:07:11,749 --> 01:07:14,049
Space Trilogy's Paralandra

1219
01:07:14,049 --> 01:07:16,129
where they kind of get

1220
01:07:16,129 --> 01:07:17,489
taken up to this

1221
01:07:17,489 --> 01:07:19,469
cosmic heavenly dance

1222
01:07:19,469 --> 01:07:22,069
between the Oarsas

1223
01:07:22,069 --> 01:07:24,049
that are like the angels that protect

1224
01:07:24,049 --> 01:07:25,269
the different planets and

1225
01:07:25,269 --> 01:07:27,489
there's a whole description

1226
01:07:27,489 --> 01:07:29,489
I'll have to pull the section out

1227
01:07:29,489 --> 01:07:30,149
I'll send it to you

1228
01:07:30,149 --> 01:07:31,569
but it's a whole description

1229
01:07:31,569 --> 01:07:33,729
around the masculine

1230
01:07:33,729 --> 01:07:34,589
and the feminine

1231
01:07:34,589 --> 01:07:38,049
kind of

1232
01:07:38,049 --> 01:07:41,209
Ransom

1233
01:07:41,209 --> 01:07:42,329
who's the main character

1234
01:07:42,329 --> 01:07:43,989
sort of has the wool

1235
01:07:43,989 --> 01:07:45,169
pulled back from his eyes

1236
01:07:45,169 --> 01:07:46,309
and sort of sees

1237
01:07:46,309 --> 01:07:47,329
the true versions

1238
01:07:47,329 --> 01:07:48,309
of these things

1239
01:07:48,309 --> 01:07:49,229
that are kind of

1240
01:07:49,229 --> 01:07:49,989
behind the scenes

1241
01:07:49,989 --> 01:07:51,269
the full vivid

1242
01:07:51,269 --> 01:07:52,629
in color version of them

1243
01:07:52,629 --> 01:07:53,829
that we will see

1244
01:07:53,829 --> 01:07:54,649
once we get to heaven

1245
01:07:54,649 --> 01:07:55,449
you know C.S. Lewis

1246
01:07:55,449 --> 01:07:56,249
has kind of described

1247
01:07:56,249 --> 01:07:57,449
heaven as sort of

1248
01:07:57,449 --> 01:07:59,469
finally seeing things in color

1249
01:07:59,469 --> 01:08:00,469
for the first time

1250
01:08:00,469 --> 01:08:03,449
and like the full expression

1251
01:08:03,449 --> 01:08:05,529
of what those things actually

1252
01:08:05,529 --> 01:08:07,769
are and by comparison

1253
01:08:07,769 --> 01:08:09,069
how much they've been twisted

1254
01:08:09,069 --> 01:08:11,429
and this was like C.S. Lewis

1255
01:08:11,429 --> 01:08:13,509
writing about this back in the

1256
01:08:13,509 --> 01:08:14,869
40s or 50s right

1257
01:08:14,869 --> 01:08:17,389
super prescient so

1258
01:08:17,389 --> 01:08:19,729
I think that's another example of just like

1259
01:08:19,729 --> 01:08:20,929
we're

1260
01:08:20,929 --> 01:08:23,449
as human beings we're tapping into

1261
01:08:23,449 --> 01:08:25,429
something that's not just in here

1262
01:08:25,429 --> 01:08:26,149
you know

1263
01:08:27,449 --> 01:08:28,289
You're muted.

1264
01:08:57,449 --> 01:09:05,029
even hundreds of years separated from present day. With that, we will come to an end. Last thing

1265
01:09:05,029 --> 01:09:12,109
we're going to show here, again, just by way of reminder, we have the orange umbrella. We are 11

1266
01:09:12,109 --> 01:09:19,709
days out from the end. We have 95 backers, $10,304 raised of our $12,500 goal. I am super encouraged

1267
01:09:19,709 --> 01:09:25,429
by that. If you are basically, many of you have already, I would imagine, have already supported,

1268
01:09:25,989 --> 01:09:29,289
Again, we would love for you to share this with your friends.

1269
01:09:29,749 --> 01:09:30,869
This is a great resource,

1270
01:09:31,009 --> 01:09:32,769
even if for people who aren't into Bitcoin

1271
01:09:32,769 --> 01:09:33,669
or don't know about Bitcoin,

1272
01:09:33,769 --> 01:09:36,509
we don't mention the B word in this book.

1273
01:09:36,569 --> 01:09:37,629
It's just a great kid's book.

1274
01:09:38,189 --> 01:09:41,349
It's a great thing that you can give as a gift

1275
01:09:41,349 --> 01:09:43,769
to covertly orange peel people.

1276
01:09:44,929 --> 01:09:46,489
You know, just you can be doing it secretly.

1277
01:09:46,489 --> 01:09:48,489
We have some different bundle packs.

1278
01:09:48,689 --> 01:09:49,729
There's one where it's got, I think.

1279
01:09:50,209 --> 01:09:51,349
You got inscriptions, right?

1280
01:09:51,389 --> 01:09:52,229
You can buy an inscription.

1281
01:09:53,109 --> 01:09:54,229
Yep, you can buy an inscription.

1282
01:09:54,449 --> 01:09:55,149
Yeah, oh my gosh.

1283
01:09:55,149 --> 01:09:58,869
We had somebody concerned that we were actually doing like Bitcoin inscriptions.

1284
01:09:59,449 --> 01:10:01,749
All we meant is we're willing to sign it.

1285
01:10:02,029 --> 01:10:03,269
Every copy gets signed.

1286
01:10:03,469 --> 01:10:05,149
Every copy gets-

1287
01:10:05,149 --> 01:10:05,689
An actual inscription.

1288
01:10:05,929 --> 01:10:10,629
An actual inscription to Jim, please sell all of your ETH.

1289
01:10:11,209 --> 01:10:12,489
You know, that kind of inscription.

1290
01:10:13,029 --> 01:10:14,949
But we do have some sections.

1291
01:10:15,529 --> 01:10:16,829
Let's see, where's our rewards here?

1292
01:10:17,229 --> 01:10:21,249
There's a couple of versions where we have the Gould Pack,

1293
01:10:21,249 --> 01:10:23,969
which includes one premium legacy edition,

1294
01:10:24,609 --> 01:10:27,449
super premium boards and paper

1295
01:10:27,449 --> 01:10:28,069
and all that kind of stuff.

1296
01:10:28,209 --> 01:10:30,649
And then 10 founder head covers.

1297
01:10:31,809 --> 01:10:33,589
Hard covers, not head covers.

1298
01:10:34,109 --> 01:10:35,569
And then we have another one that includes,

1299
01:10:35,649 --> 01:10:38,389
I believe it's, is it 20?

1300
01:10:38,569 --> 01:10:39,249
I can't remember how much.

1301
01:10:39,549 --> 01:10:40,589
I just have to laugh.

1302
01:10:40,669 --> 01:10:41,909
Every time I see the Gould pack,

1303
01:10:42,289 --> 01:10:44,629
did you ever watch Stargate SG-1?

1304
01:10:44,909 --> 01:10:45,889
No, I did not.

1305
01:10:46,069 --> 01:10:48,729
Dude, the little alien symbioses

1306
01:10:48,729 --> 01:10:49,969
that take over people's brains

1307
01:10:49,969 --> 01:10:51,169
are called Goulds.

1308
01:10:51,249 --> 01:10:54,589
Oh, yeah, here we go.

1309
01:10:54,689 --> 01:10:57,369
This is the, oh shoot, it didn't show it.

1310
01:10:57,629 --> 01:11:00,089
Anyhow, we do have the, it just disappeared.

1311
01:11:00,229 --> 01:11:00,649
Where'd that go?

1312
01:11:01,249 --> 01:11:02,289
I have a little bug.

1313
01:11:02,429 --> 01:11:05,229
I have the, another no free ads,

1314
01:11:05,369 --> 01:11:08,229
but we have the opportunity cost add-on.

1315
01:11:08,489 --> 01:11:11,949
And so that's showing, displaying the sat value

1316
01:11:11,949 --> 01:11:12,789
of all these things.

1317
01:11:13,049 --> 01:11:13,489
Oh, nice.

1318
01:11:13,529 --> 01:11:13,689
Yeah.

1319
01:11:13,729 --> 01:11:14,909
Can you put that in sailor mode?

1320
01:11:15,689 --> 01:11:17,069
Oh yeah, I totally will do it.

1321
01:11:17,569 --> 01:11:18,609
Let's see, you have it.

1322
01:11:19,909 --> 01:11:20,509
Yeah, here it is.

1323
01:11:20,509 --> 01:11:20,689
Okay.

1324
01:11:21,249 --> 01:11:22,489
I put it in sailor mode the other day.

1325
01:11:22,529 --> 01:11:23,669
If you don't know what sailor mode is,

1326
01:11:23,709 --> 01:11:27,649
it basically displays what the value will be

1327
01:11:27,649 --> 01:11:29,789
of whatever thing it's showing the price of

1328
01:11:29,789 --> 01:11:31,629
when Bitcoin's at $21 million.

1329
01:11:32,749 --> 01:11:34,629
So let's turn this on here and we'll see.

1330
01:11:35,029 --> 01:11:39,909
So effectively, we are trying to raise $2.39 million

1331
01:11:39,909 --> 01:11:43,969
worth of Bitcoin.

1332
01:11:44,609 --> 01:11:46,149
And let's see if we can see some of these things.

1333
01:11:46,229 --> 01:11:46,349
Yeah.

1334
01:11:46,589 --> 01:11:50,149
So this 11 book pack, the Gould pack,

1335
01:11:50,149 --> 01:11:57,909
you'll be, that'll be worth $65,000, almost $66,000 worth of Bitcoin, with Bitcoin at $21

1336
01:11:57,909 --> 01:12:02,869
million. So with that being said, ignore all that. Don't turn on staler mode. Run over to Kickstarter.

1337
01:12:03,249 --> 01:12:08,769
Just buy and replace. Buy and replace. Exactly. Kickstarter.com slash projects slash TGFB,

1338
01:12:09,029 --> 01:12:11,609
the Orange Umbrella book. Just search for the Orange Umbrella. You'll be able to find it.

1339
01:12:12,049 --> 01:12:17,429
Get us over this 12,500 so we can get these out. We can give these books to our kids,

1340
01:12:17,429 --> 01:12:23,069
put them in their hands, help them learn good things about Bitcoin. Again, we'd really appreciate

1341
01:12:23,069 --> 01:12:27,149
that. And with that said, Jim, any final words? I'll give you the last words here.

1342
01:12:28,889 --> 01:12:37,509
You know, I would say keep searching for the truth. You're a Bitcoiner and you're out there.

1343
01:12:37,969 --> 01:12:41,309
You're not far from the kingdom. We can help.

1344
01:12:42,149 --> 01:12:47,329
Amen. We would love to chat. Hit us up in DMs. Again, we actually do this. We get people who

1345
01:12:47,329 --> 01:12:49,509
hit us up and ask his questions pretty regularly.

1346
01:12:50,109 --> 01:12:54,849
Tim is actually hosting a seminar, salon.

1347
01:12:54,989 --> 01:12:55,909
I don't know what we want to call it.

1348
01:12:56,249 --> 01:12:57,889
He's going to be in Austin in August.

1349
01:12:58,229 --> 01:13:00,869
So if you're a Bitcoiner and you're Jesus curious,

1350
01:13:01,449 --> 01:13:04,309
he's going to be hosting a theological debate

1351
01:13:04,309 --> 01:13:07,289
with some Bitcoin OGs down there.

1352
01:13:07,549 --> 01:13:09,269
So definitely if you're interested in that, reach out.

1353
01:13:09,269 --> 01:13:09,749
What?

1354
01:13:10,369 --> 01:13:12,669
Can we give a little more information here?

1355
01:13:12,889 --> 01:13:15,289
What's a way of such a thing?

1356
01:13:15,289 --> 01:13:18,409
I'm not sure how much we can say yet,

1357
01:13:18,789 --> 01:13:21,429
but definitely if you're interested,

1358
01:13:21,789 --> 01:13:24,069
just reach out to us and we can get you more details.

1359
01:13:24,329 --> 01:13:26,449
We'll see if we can talk about it publicly next week.

1360
01:13:26,969 --> 01:13:27,649
Oh, let's go.

1361
01:13:27,969 --> 01:13:28,609
I like this.

1362
01:13:28,749 --> 01:13:28,949
Okay.

1363
01:13:29,529 --> 01:13:29,889
All right.

1364
01:13:30,029 --> 01:13:33,009
Well, that does it for episode 17 of To the Unknown Pod,

1365
01:13:33,269 --> 01:13:35,129
which is really like episode,

1366
01:13:35,589 --> 01:13:38,829
I think it's 59 or 60 of the TGFB pod.

1367
01:13:38,969 --> 01:13:40,389
So this is like a sub series.

1368
01:13:40,829 --> 01:13:41,509
Don't ask questions.

1369
01:13:41,789 --> 01:13:43,469
We're just trying to, we're vibing it.

1370
01:13:43,549 --> 01:13:45,169
We're vibe coding it, much to Jim's chagrin.

1371
01:13:45,289 --> 01:13:50,089
we are grateful for you guys. If you guys like what you're hearing, then reach out on,

1372
01:13:50,609 --> 01:13:56,489
you know, leave us a review, subscribe and like on YouTube, on Apple Podcasts, Spotify. Those are

1373
01:13:56,489 --> 01:14:01,949
the ones that matter. If you get, if we get reviews and we get subscriptions on those places,

1374
01:14:02,469 --> 01:14:07,329
those make the biggest impact. On top of that, we recently just, I just mentioned this, we changed

1375
01:14:07,329 --> 01:14:12,489
our podcast hosting to fountain.fm. If you are listening to this and you are a podcaster, you

1376
01:14:12,489 --> 01:14:17,069
should be going and doing likewise. These guys are Bitcoiners. They're doing lots of great work.

1377
01:14:17,869 --> 01:14:22,569
They have a great product. So go switch it over. They allow you to basically bring

1378
01:14:22,569 --> 01:14:29,209
Patreon-esque services. People can sign up to give monthly or get a monthly subscription.

1379
01:14:29,909 --> 01:14:35,329
You can also stream sats in real time. So go find out what they're doing. We really appreciate them.

1380
01:14:35,389 --> 01:14:41,409
I had a call with their CEO and I think they're both of the founders, UK-based guys, and they're

1381
01:14:41,409 --> 01:14:42,349
They're doing really good work.

1382
01:14:42,489 --> 01:14:44,369
So if you're podcasting,

1383
01:14:44,409 --> 01:14:45,529
you're out there already spending money

1384
01:14:45,529 --> 01:14:47,609
for podcast hosting,

1385
01:14:47,749 --> 01:14:49,269
go put it in the hands of Bitcoiners.

1386
01:14:50,109 --> 01:14:51,769
So again, grateful for you guys.

1387
01:14:51,869 --> 01:14:53,189
We will see you on the next episode

1388
01:14:53,189 --> 01:14:54,069
of To the Unknown Pod.

1389
01:14:54,129 --> 01:14:56,349
We'll be back on, I believe on Tuesday

1390
01:14:56,349 --> 01:14:58,649
with should be the Island Boys.

1391
01:14:59,905 --> 01:15:01,885
And we'll look forward to seeing you.
