BTC Sessions - WHY ARE WE BULLISH? Anant Tapadia, Geyser Fund, Nolan Bauerle ep331

Episode Date: March 19, 2023

FOLLOW TODAY’S PANELISTS: https://twitter.com/anant_tap https://twitter.com/bitcoinkeeper_ https://twitter.com/geyserfund https://twitter.com/countbtc 💪 SUPPORT THE SHOW: Nunchuk Wallet and their... Honey Badger plan is a best in class assisted mutisig setup with built-in inheritance planning and NO KYC. Pass on your savings to your loved ones with ease in a simple claiming process with full customer support. Check them out today! https://nunchuk.io/ Start9 is your Bitcoin & lightning node, and full personal server - enabling you to take back control from the gatekeepers of your money and data! Grab an Embassy today and become truly self-sovereign! https://start9.com/   Coinkite offers the BEST Bitcoin hardware on the market. Use this link to get 5% off anything in their store: https://store.coinkite.com/promo/BTCSessions  HodlHodl is a NON-CUSTODIAL, NON-KYC solution to stack sats peer to peer! Buy and sell Bitcoin while maintaining privacy. Furthermore, you can check out their Lend platform for p2p loans that are never rehypothecated. Sign up and try it out today! https://hodlhodl.com/join/BTCSESSION   The Miami Bitcoin Conference is the largest Bitcoin event in the world! Come check it out in Miami Beach Florida on May 18-20th. Use code BTCSESSIONS for 10% off your tickets! https://bm.b.tc/btcsessions Free video tutorials not enough? Need some extra hand-holding when mastering self-custody, multisig, coinjoin, running a node, or other skills? Book me for a private session on my website! https://www.btcsessions.ca/ BITCOIN tips: https://strike.me/btcsessions

Transcript
Discussion (0)
Starting point is 00:00:34 What is going on, everybody? Welcome to the show, another Friday, another episode of Why Are We Bullish? We've got a killer panel this week. Three, we'll say technically, brand new guests on the show, although one of them, I wasn't feeling so well one week, and so we did the spaces instead, but I'm very glad to have them on an official episode this week. Nonetheless, plenty to discuss, plenty of reasons to be bullish. We're going to be diving into them.
Starting point is 00:01:02 Now, of course, this is live. Anything can happen. So I defer to my friend Bill here. We'll do it live. Okay. We'll do it live. Do it live. I'll write it and we'll do it live.
Starting point is 00:01:19 Fibing thing sucks. Yeah. If you have not already, like, subscribe, share, all those things help a ton getting this content in front of more eyeballs. I am Ben with the BTC sessions. This is your daily session. Before we bring in our guests, let's take a quick look at where we are in the market right now. This is timechain calendar.com.
Starting point is 00:01:56 We're sitting at $27,155 per coin. A single U.S. dollar will pick you up 3,683 sats. That number is a little bit lower than it has been for the past few weeks here. So, again, the stats are slipping through your fingers. 92% of all Bitcoin have been mine. That's 19.32 million of them. And in terms of fees, we're sitting around if you're looking for next block, 29 sats per byte, even if you're willing to wait a little bit, 15 sats per byte.
Starting point is 00:02:30 But it has been peaking up quite high. And why is that? Well, it's because the mempool is damn full. Average node 300 megabyte cash for their mempool. And we're sitting at around 740. megabytes worth of blocks waiting to be confirmed. In fact, the MAMPOO is purging anything below 3.67 SATs per byte. So keep that in mind.
Starting point is 00:02:54 Use RBF. Make sure you have a high enough fee to even keep yourself in the MAM pool. Shout out to sponsors of the show. HaudleHoddle.com. If you're stacking sats and you have a few priorities in mind, things like peer-to-beard trading, getting instant self-custody and no KYC, you don't have to identify yourself in order to use it. Hottle Hottle could be for you. You can sign up with nothing more than the email address,
Starting point is 00:03:18 be trading sats peer-to-peer in moments. I use it all the time. It's super easy. You can check out the link down below. I got a full tutorial. So yeah, hoddle.com. Check them out. Once you obtain your non-KYC sats,
Starting point is 00:03:31 you might want to store it in some awesome hardware that is reliable and secure. And again, I love coin kite and everything. They're doing the cold card mark four is an absolute beast. I've got a Lord of the Rings length tutorial on the thing because I dive into everything, all the details so you can check that out. But they got
Starting point is 00:03:50 tons of stuff over here. The tap signer, the Sats card, the block clocks, the open dimes, and come in towards the end of the year, they've got cold card Q1. That thing looks like a beast. Check it out. You can reserve it now. Anyways, coin kite.com use code BTC sessions for 5% off.
Starting point is 00:04:06 Now, if you're looking to go beyond just single sig into multi-sig and inheritance planning, Nunchuk has a badass new setup called Honey Badger. And this is like an assisted multi-sig thing where, again, it's interoperable with things like Tapsiner and Cold Card and tons of other awesome options. It walks you through every step of the way, very easy.
Starting point is 00:04:28 They have a just-in-case key to be a secondary signer for you. And beyond that, it has baked in inheritance planning so you can pass on your stats to your next of kin. My favorite thing about it, though, other than the fact that it's very easy to use, is it's also non-KYC which kind of sets it apart from some of the other options in the space. You don't have to give up all your personal information to use it. So check it out. I've got a full tutorial on it.
Starting point is 00:04:52 Lots of fun there. And last shout out of the episode, Start 9 Labs, sovereign computing solution. I've done a full video on how to use it. You can set up your Bitcoin stack, Bitcoin Core, Lightning, run things like Mempool, lot space, join market, all kinds of stuff. You can host your own data, passwords, photos, files, all of that. You can run a Noster Relay. You can do all kinds of stuff.
Starting point is 00:05:13 Check them out, start nine.com. You can get the embassy one for basic needs. If you want to basically be hosting your whole life, check out the embassy pro. It is robust as hell. And shout out to Start 9. They pumped out some good updates this past week. With that, enough of my rambling here. I've got to get my guests in.
Starting point is 00:05:31 Very excited to have them. We've got Mick. We've got Nolan. We've got Anon. Welcome, gentlemen. Thank you so much for being here. Let's do a quick round of intros for anybody unfamiliar. We'll go down the line and we'll just do it quick.
Starting point is 00:05:47 Who are you and what do you do? And then we'll dive right in. So, Nick, I'll go to you first. Who are you? What do you do? So great to be here, guys. I've become a Bitcoin. Also, thanks to the show.
Starting point is 00:05:59 So it's an incredible experience. So I'm Mick. I am the CEO, co-founder of Geyser. Dot Fund, which is a Bitcoin and Lightning Native crowdfunding platform. and through the platform, we really try to support and enable the world of this online economy of Bitcoin creators that are
Starting point is 00:06:20 pursuing their interest in supporting the network and supporting the ecosystem. And we do that mainly through donations and reward-based crowdfunding. So, yeah, that's Kaiser. This is me. Great to be here. Awesome. Well, I'm glad to have you, man. Long time coming. I figure you guys have been
Starting point is 00:06:40 doing some awesome stuff. So yeah, excited to get chat. Thanks so much. Yeah. Anand, welcome. Glad to have you. Can you give yourself a little intro? Absolutely. Thanks, Ben, for having me. I'm Anand I'm part of a team which has been building self-custody solution for the last three years. We started off with HexA Wallet, which is now called Bitcoin Tribe. And our latest app, which we are really excited about is Bitcoin Keeper. which is a multi-sac cold storage solution, which integrates with a bunch of hardware wallets, rather signing devices.
Starting point is 00:07:18 So yeah, I'm pretty excited about what we do on a daily basis and we'll keep building. That's me. Awesome. And yeah, I've been seeing a bunch of updates with what you're doing with the Keeper.
Starting point is 00:07:28 It looks awesome. I'm so happy that there's, again, people like you and the team building out these great solutions. I saw some cool, I saw some actually back and forth interactions with you and Nunchuk
Starting point is 00:07:40 online you guys were kind of giving each other thumbs up for the work you're you're both doing so i love to see again like companies that are you know in the same area uh you know being being gracious and helpful to each other and i you know it's refreshing to see so that's awesome see the goal is the same ben right so the goal is to be uh for bitcoiners to have another good a few more good multi-sig options and when you are expanding the pie everyone is going to benefit the pie is too small right now. Bitcoin has are too small right now. So there's no point in like trying to, you know, shrink the pie and try to take the bigger cut out of it or something. Yeah. We have just like, you know, go on and spread the awareness. That's most important.
Starting point is 00:08:25 100%. That's awesome, man. And Nolan, uh, welcome to the show for a, we'll say this is your 1.5. We, we did a space. This is the time with a face. Yeah, exactly. So Welcome. Give yourself an intro for those that are unfamiliar. Yeah, I help program Bitcoin Magazine's show Bitcoin 20th, May 18th to 20th in Miami. It's the biggest Bitcoin show in the world. I've been programming events in the space for a long time now. I was with CoinDesk when it first came to America. People don't know, but CoinDesk used to actually be out of England when it first was founded in 2013, but then a man named Barry Silbert bought it in 2015 and brought it to New York City, the capital of media and all these things.
Starting point is 00:09:10 So I moved down to New York and joined the early team and was around consensus. Before that, I was trained as a lawyer, and I worked in the Canadian Senate Banking Committee, and I got them to do a study in 2013. I got a bunch of money, and I brought Andreas Antonopoulos and all kinds of fun people. And that's where I turned those skills.
Starting point is 00:09:27 My job at the time was to get these studies going on. I had fertile ground for it. I was studying the meltdown in the Senate Banking Committee when it happened, and I was really just a researcher at the time. But you do a little time in there. And then I got a study on FinTrack, FinCEN and Faddaf and all these guys. And that's how I learned about Bitcoin in 2012. And obviously, it blew me away.
Starting point is 00:09:50 So by 2013, I was able to help put the study together. And that's how I translated that job of putting agendas together, putting narrative together, and producing reports and then getting in the news. I actually used operatern script in 2015 when I tabled the report in, parliament you can go look at all the you know parliamentary proceedings and you'll see that that when we released the report i got the senate committee to actually pass the word senate committee believes satoshi's invention deserves light regulatory touch block three six whatever whatever before it was ordnals and before and there were still people angry because it was blockchain bloat back then too
Starting point is 00:10:30 so anyway we did this fun publicity stuff that's actually how i got involved with the coin desk people to start. I also host a daily show every single morning, 8 a.m. with Bitcoin magazine called The Breakup, where we... There's fans already here. The psychological conditions, the psychological engine that is the economy. I'm a deep into the Austrian school about this stuff. You know, we teach economics with math and numbers. There's numbers. It's not math. That's not what's going on here. There's no math, right? Numbers, yes, you might be confused, but no math. Of course, it is a psychological engine and Bitcoin's perpetuation and energy and motivation is just much higher than the other system. So I do that on the show every day.
Starting point is 00:11:19 I just talk about clown world and contrast it with Bitcoin because I think that's the best way. You know, I did one today, like Hollywood for St. Patrick's Day, the snake in the middle. And here's a little bit of the psychological engine sputtering and spinning and all discoordinated. A lot. You have plenty of fodder for that stuff. For years of making content in the Bitcoin space, what I knew I didn't want to do if I was going to do a daily show was wait for news specific to the industry.
Starting point is 00:11:47 Because then it's like, but if I can turn my attention onto clown world, I knew that the supply of stories was infinite, that they would never, ever, ever, ever run out of stupidity. And so I can run. I mean, I take an hour. The show lasts an hour every morning. and it only takes me an hour to come up the stories before I can. Oh, yeah, yeah.
Starting point is 00:12:09 You could open really any news site and instantly have your entire episode plan for you, I'm sure. All right, well, gentlemen, we're going to get rolling. Everybody watching, thank you for being here. Again, give us a share. Let's get a bunch of people in here and keep those chat messages coming. We'll be pulling them up and, you know, I'll be peppering them in here as we go on with the show. those unfamiliar with the show, this is Why Are We Bullish? Really simple premise of the show.
Starting point is 00:12:38 All of us come with something that we're currently excited about. It can really be anything, a news item, an application, a video, something that we've seen, a personal experience. It really can be whatever we please. And so we're going to get to chat about what we're bullish on this week or in the last little bit. The format is simple as well. somebody's going to drop a reason why they're bullish, number one. Number two, altogether, we're going to riff on that reason. We'll discuss amongst ourselves.
Starting point is 00:13:09 And number three, we're going to rotate until all of us get a turn. So really simple, we go by the three hours, reason, riff, rotate. So I'm going to kick us off. I'm going to start off with my reason for being bullish. And so my reason for being bullish this week has to do with what I'll say is a continued realization of a lot of different people, whether it be individuals, people in positions of power, people in government, they're seeing the cracks in the system. They're starting to kind of at least question it, question our institutions, question what we've been told about how the
Starting point is 00:13:52 system works and why, and in particular, in and around, you know, the Federal Reserve and the Treasury and our monetary system as is. And so a few, I wrote a few notes of some examples that I've seen recently that I found amusing. And they're around Jerome Powell and Janet Yellen. So there's been a few in the Senate, there's been a few kind of question periods where they're asking them about various things that have been happening in and around the economy. So there was yelling, she was speaking to Lankford. And he was talking about, he was giving scrutiny around what happened with the bailouts and the banks. Or, you know, it's not a bailout.
Starting point is 00:14:40 But nonetheless, scrutiny around their treatment of Silicon Valley Bank and so on and so forth. And he was asking, well, what are you doing to prevent, you know, depositors, large depositors, large depositors from fleeing all of these smaller banks and just going to the large banks, just taking their money and basically consolidating power further in a few because you're willing to bail out depositors because they're too big to fail. So why not go to the ones that are too big to fail and have your money 100% insured? So basically that preferred banks are fully covered. And she didn't really have a good, good response or answer to that.
Starting point is 00:15:25 Johnson was asking, again, Janet Yellen about deficit spending in the coming years, how the deficits are looking to take us from, I think we're at around $32 trillion up to around $50 trillion in the next decade, is there projections. So he was asking, are you at all worried about, one, who are you going to sell that debt to? given that it's riskier and riskier over time. And two, what is the rate of compensation that you're going to have to pay out for that? Meaning what kind of interest rate are you going to have to pay on all this debt for somebody to take it, given that it's riskier as time goes on? There's also some fun, some fun back and forth between Jerome Powell, one between Elizabeth Warren, who has shit takes on Bitcoin, but I still enjoy, you know,
Starting point is 00:16:16 when she gets to grill a banker or a, in this case, a center. central banker. She was grilling him over basically what a shit position he's in. Well, one, that their actions have not really materially reduced inflation, not near as much as they hoped it would. And then two, she was talking about their targets in terms of, oh, we're going to raise interest rates until we get unemployment up to a certain level, basically raising it by 1% over the course of a calendar year. And she said, well, that that projection means that about 2 million people will be out of work.
Starting point is 00:16:58 What are they just shit out of luck? And he was kind of like, well, I mean, that's not kind of our goal. But, you know, we, we want to, again, not great answers because the answer is I'm, that's the only lever that they have to pull in that regard. And then she also asked, hey, it in all instances. of unemployment going up a single percentage point over the course of a calendar year, how many of those 12 times that that has happened in the past did we avoid a recession? And the answer was zero.
Starting point is 00:17:35 And so basically just just poking holes in exactly his actions. And then Mastow, also talking to Powell, asking about why 2% inflation. And the answer was more or less, well, it's an agreed consensus amongst bankers because that's the number. And that we all need to believe it will be 2%. We have to believe because that's then what will happen. So my takeaway from that one is that inflation is like Tinkerbell. As long as you believe it, she can fly. And as long as we believe it, we will hit 2%.
Starting point is 00:18:17 is kind of what he was effectively saying. So my main takeaway from all of this is people are finally starting to question the how and the why about our system. They've basically gleaned that a few people get to pick and choose what's important and what's not. The little guys are basically not on a level playing field. So if you're a community bank versus like the big four, you know, that's fully insured depositors versus your shit out of luck.
Starting point is 00:18:49 Some individuals are effectively collateral damage, like the two million jobs. There's really no rhyme or reason to our targets on inflation. Really, it's just a number that everybody just kind of decided on. And everybody's stuck between a rock and a hard place. There's no way out. There's no good options in which there isn't problems that arise from it. And so, I mean, to quote Drew Carey, everything is made up and the points don't matter. And I think people are kind of starting to see that.
Starting point is 00:19:22 And they don't know what to do next. But I'm happy to be in a room with a bunch of people who I believe have come to the solution, at least the solution in which we can opt out into. Yeah. So that's why I'm bullish, because people are starting to see that there's a lot of bullshit. and that maybe the way we're doing things currently doesn't quite make sense. So I'm going to open it up to you guys, allow you to jump in, comments, questions, thoughts that you have on it.
Starting point is 00:19:52 Anybody can jump in. Go ahead. Is it not like a fun show going on there? It's something that we have kind of probably imagined the script off and now it's like playing off. So it's interesting. It's funny. It's sad all at the same time. because you know the solution there's hope because you know people are going to hurt there's
Starting point is 00:20:15 hope there is like you know a bit of sadness but it's essentially what is going to be so yeah I'm very very very happy to be alive at this time and you know witness all this I saw a lot of people commenting on the sadness aspect of this week and I agree we don't want to take that shadden Freud is bit bit-bonyers don't revel in anyone's misery however when you make predictions and they come true. And then they're a little bit funny, like watching Janet Yellen try to explain. Like what I found striking about the Janet Yellen thing is that she wasn't prepared for the question. She wasn't prepared for the most obvious question.
Starting point is 00:20:56 Is there going to be bank consolidation in this because there are now two tiers of banks in the United States? She sat there with the same dumb look on her face as when Bitcoin Sign Guy targeted her with the Chiron. Remember how he did it, right? It's not just that he did it. He got her when it was the Chiron under the screen was Janet Yellen as opposed to auditing the Fed, right? That's when he targeted. So whether it was lucky or not, I don't know. I've met Bitcoin signed guy. He's a great guy and I've shaken his hand. And I continue to believe that that picture will go down in history as like one of the most important pictures of the whole era that we live in. So Janet Yellen with her face again
Starting point is 00:21:37 sitting there like, what are you talking about? Like just being completely unprepared. Yeah, there you go. She had the same, like, what's going on here, face? But I will say, Ben, you missed one. You missed one. So the laughing thing, okay, we just have to be able to because like even the woke bank part of it, right?
Starting point is 00:21:56 The banks were giving all this money to social causes and they didn't manage any of their own risk. And then everyone calls Bitcoin bad for this. and that, well, what about just being a banker? What about doing your job and not worrying about what style points go into your ESG rating? And what about your bank rating? What about that, right? Yeah, and connected to that.
Starting point is 00:22:23 Maybe I can jump in here, but you, the funny part is, I don't know if you guys read Lynn Alden's piece about what the hell happened, right? And that's not anything you'll read on New York Times or etc. Of course, right? But the point is that the reason why they failed is because they took the safe bet. They bought bonds at one point something interest rate or even less at 0.5. And then the Fed raised interest rates at the highest level in history. In history, they went from almost negative to like,
Starting point is 00:23:02 I don't know exact numbers, but I went up like 4 to 6% overall in the last 12 months. And that's why they went bankrupt because the value of their bonds was lower than the current set of the bonds. And so they were basically at a loss. So they failed because they bought government bonds. They didn't fail because they bought Bitcoin. Yeah. Yeah, it's insanity. It's really, really interesting to think about that.
Starting point is 00:23:35 And then that does make me wonder, you know, this is, you know, I wonder, like, did the Fed know about that? Like, do they know that buying bonds and raising interest super high, some banks go bankrupt? Interest rate risk is a real thing. So how can they know that you can't make the excuse you didn't know about interest rate risk. If you're into banking, now you haven't had to deal with it in 40 years because it wasn't a thing for 40 years. but if you talk to any banker over the years, interest rate risk was one of the main things they managed for.
Starting point is 00:24:06 Now, listening to them all because they're complicit, the transitory thing has become a wink, wink, you're an idiot for listening to us. Now, everybody in this room knew they were lying. Everyone should have known they were lying. The people at Silicon Bank should have known they were lying. Everyone should have known transitory was a ruse. But that's how far the game has come. It's come to the point where you're supposed to know
Starting point is 00:24:29 that the things they say are not exactly true. And if you don't act on them being not exactly true, you're the idiot holding the bag at the end. And in the end, the whole thing looks exactly the same as FTX or the scammier version. As Silicon Valley Bank and signature and all these other ones, in the end, kind of looks similar to the Terra Luna fiasco of a year ago when they had that Bitcoin back stable coin,
Starting point is 00:24:59 and they were taking deposits and pumping it into their shit coin to get, I can't keep track of what the Luna and the Terra and what was happening. I know there was a shit coin and I know there was a stable coin, and they were taking stable coin deposits for their algorithmic stable coin and using it to pump the coin as also part of the collateral. And obviously it was the dumbest thing that ever happened and didn't work. But that's what that's more or less the interest rate risk scam that they got caught in at Silicon Valley being transposed to the shit coin space.
Starting point is 00:25:32 And we're supposed to see these things as different somehow because Janet Yellen is involved in one and not the other. What are you talking about? But Ben, you missed one. You missed one. Yellen, terrible. And I agree with what the commenter said, right? Yellen, the bank is safe.
Starting point is 00:25:50 Ain't a good look, right? But you missed one. And that was watching the dementia shuffle of the president, the so-called leader of the, you know, the idea of him as the leader of the free world is now, that's another one of these things that we have to laugh at. Like, it's funny, right? Watching him that he couldn't even open a door when he came to do his press conference and say the system is safe. And then he couldn't walk out the door.
Starting point is 00:26:15 He couldn't take questions, for God's sake. And he can't open the door. So the person who can't answer the most obvious question, the person who can't answer the reason why everyone is there in the first place, 2% rule, the 2% interest target. And then the person who's supposed to be home, the president of the United States, is the stupidest one of them all. And so having these people say words is the best thing we can do. Because think about it, the Fiat system, Fiat means declaration, right? It means words. The motivation of the entire Fiat system has to be the words they use. That's why
Starting point is 00:26:51 they got to coax it. That's why you're always wondering what did Powell say and, oh my God, what words were used in the press conference and all these people sit there and monitor the market when these guys speak and all that stuff. So in the end, watching the people who are the ones tasked to say words that conjure the system higher are, I mean, let's be honest, if we had to draft our most, the people as bitcoins we wanted in those roles, I can't think of better people. I can't, I couldn't come up with a better list of people. It's the godsend that. they're there. Right.
Starting point is 00:27:28 You sound a lot like an accelerationist. Accelerate. Accelerate. Let's, yeah. I mean, yeah. I mean, somebody made a good point. So anybody that's, that doesn't really, uh, know the term accelerationist as it comes to, as it pertains to Bitcoin, um, there's a group of bitcoins that,
Starting point is 00:27:50 that kind of believe that ripping off the Band-aid might be the best, best approach in that if you're if you're okay so somebody used this metaphor they said if you're an abuse an abusive relationship or if somebody you loved was in an abusive relationship you wouldn't want them to continue down that path and see if they can work it out and try and find common ground and everything no you'd want them to just clean break you know pick up the pieces um and some people are well, if we think that the implosion of kind of all this stuff is inevitable at some point in time, and that pushing and kicking the can down the road means a larger and larger blowup, why not try to accelerate that?
Starting point is 00:28:41 And so some people have taken it to the point where, like, I want to say ingest, but like not ingest. Like here in Canada, there's people that are like, oh, no, vote Trudeau back in. You want that because he's going to do. Fetterman in America. Fetterman, we want Fetterman. We want to see if we can get the IQ a little lower than Biden. There's a little room downwards.
Starting point is 00:29:05 Yeah. Yeah. It's, it's, I mean. Printing, really. More printing. Just bring someone in the prints more. Just so we can get it over with. Yeah.
Starting point is 00:29:14 Yeah. And so like I sympathize that with that line of thought in that. I mean, for myself, kind of in my head, I'm like, well, it would be nice to have that transition in that, I feel like I get it and I can use that opportunity to stack more sats and kind of get myself set up a little bit better. And that the people that care and take time and, you know, the people that you care about, you can go and kind of hopefully as more and more cracks show, at least get them on that arc before shit hits the fan.
Starting point is 00:29:49 That would be my main reasoning for delay would be. getting getting my friends and family members to fully understand how bad things are before they're too bad to deal with. But I also understand the, I mean, we can start fixing things when everybody realizes they're irreparably broken. Yeah. I think it's a make-believe world right now and only people who are like, you know, the IQ is going lower, right? So to run the make-believe world, so to make sure that this, you know, clown world is going on, it's very, very important and that the IQ is lower and lower. So definitely something which will keep going on until there is a solution, until there is an escape patch.
Starting point is 00:30:39 I don't know. I don't know what that is. Yeah. I mean, I feel like we're in for that kind of long haul where, obviously the system as it is and the people that have, interest in it, which is kind of most people to a degree would be hurt quite badly by a sudden implosion. And so I think we're in for that long haul where even if the system as it is is hurting you and you don't understand kind of why, you'll still work to defend it because it's
Starting point is 00:31:19 all you know. and you think that you have to fix it in order for things to get better rather than just leave it for something else. So yeah, I think, you know, unfortunately we're down, we're going to be seeing the can kick down the road in a variety of different ways, even if shit were to implode entirely. I feel like you'd get another fiat-minded solution in the interim
Starting point is 00:31:44 because most people aren't ready to grasp that we need a complete 180 from, the way things currently are i don't know i think it's like stockholm syndrome so uh people who are like they just they just don't know a solution exists outside of it so they just want to live you know do better at it just make sure that they themselves are doing better at it but it's not going to last but it seems like every solution is leading to more centralization like uh like ben you were mentioning right the the constellation that's happening in the banking system right it's It's almost like when things go wrong, the only solution ever that seems to come up is more concentration of power, more consolidation, more authoritarianism.
Starting point is 00:32:30 And, you know, it's amazing to me. And I think people will start seeing that. And, you know, on one hand, it's bullish. On the other hand, it's scary because all this consolidation, to my mind, it seems to be leading towards inevitable kind of CBDC. world, right? The inevitable, like, one money, like, governed by, you know, the one ring to rule them all, so to say, the Mordor tab of world, the ring that governs everything, right? That's the CBC versus the only alternative, which is the most essential as a certain is Bitcoin. And perhaps as shit kits really bad, people will start seeing Bitcoin for what it really is,
Starting point is 00:33:17 which is the only alternative to this to this to this to this to this ceramic system. So yeah, on one hand, it's sad and it's scary actually. And then on the other hand, it's hopeful because thank God we have this Noah's Ark. Yeah. Yeah, I kind of view it like as we go through any major shift, especially like in relation to technology, there's always people that have been set in their ways and learned only kind of one way of life kind of get upended from that position and have to kind of rebuild and change. I mean, look at again, the Industrial Revolution that changed a lot.
Starting point is 00:34:02 And a lot of people, their lives were never the same again. But you probably wouldn't necessarily say you want to go back pre-industrial revolution. And I think, again, we're seeing a lot of this with automation right now. We're seeing the pushback of like, well, no, we got to defend our jobs. But like, do you? Like, if you can have a machine do something a million times more efficiently than a person, okay, 10 times more efficiently than a person, why would you not want to do so just for the
Starting point is 00:34:39 sake? Like, you're not tilling field. with a bunch of manual laborers right now. And it would be silly to say, let's preserve those jobs because people could be working them instead of this single machine. So I think that maybe we should look at it in that way as this will greatly increase the quality of people's lives,
Starting point is 00:35:09 but it will be bumpy on the way to getting there. And just quickly on that point, I think it's such an important point, right? So because the central bankers, you know, they'll start putting out the UBI system as a sort of, you know, save your jobs and like, you know, give people money as a response to the fact that people are going to be losing the jobs because they are, right? But instead of saving jobs, why don't we start saving savings?
Starting point is 00:35:38 Why isn't savings the answer, which it is, right? But Bitcoin offers. It's like saving is the tool to which people can retain their sovereignty, their integrity, their freedom, their well-being, even though they might lose their job because it's the deflationary currency that Bitcoin is. A bit like what Jeff Booth mentions, right? That's an interesting point. Yeah. I noticed a comment there, and it's in the theme of what we're talking about, people being said on their way.
Starting point is 00:36:08 ways and it being difficult to change. You know, there are predictions out there that the logic of violence will be altered by the separation of money and state. We hear all those conversations. But another motivation, it's not just violence, it's not just fear. Fear is the biggest motivator and will absolutely get people to change their entire worldview within seconds, right? It is one of those rare things that can actually induce that.
Starting point is 00:36:32 So the fear that's around the economy does have that potential. But another aspect is the prestige, right? prestige can be just as motivating and that prestige the prestige institutions of the American system are such trash and garbage now after COVID and all of these things. You know, we've understood that follow the science is the dumbest thing you can say. There's nothing dumber out there in the world today than to say that, right? If you're still saying follow the science. Now, I don't know shit about vaccines, the COVID. I don't care, right?
Starting point is 00:37:05 But follow the science, I know, is not the way to go, right? follow the money, and you're going to find something out about COVID and what you should do and how you should manage your risk and all of those things. Follow the money predicts much better than follow the science. And because follow the money tells you about incentives, it tells you about what's going on, and all this stuff about politics in America and the saturation of politics in the American system and in many other countries, but it's particularly bad in America. The Psiops are just that much more potent and that much more targeted.
Starting point is 00:37:37 and that much more saturated in our lives, more money or whatever it is. The whole edifice of prestige, the whole idea that you went to an Ivy League school and then you bounce back and forth between government and the industry you regulate and you're ding, ding, ding, ding, ding. That's done now, too, right?
Starting point is 00:37:55 What we have learned as bitcoins and the amount of predictions we've gotten right means that we're kind of all still at the table here, and despite all the chaos, We're sitting around getting healthier. We've shared all this information about eating, about lifestyle, about optimizing these systems and that. We have a community. I never felt lonely in COVID, never, not once because of all you beautiful bitcoins.
Starting point is 00:38:21 And it means that we're still here, right? Everyone else who played these prestige games get knocked off every one of these scandal cycles. Look how many scientists get knocked off because of COVID. Look how many economists get knocked off because of this and that. Look how many of the Wall Street bros that thought we were stupid got knocked off because guess what, right? You didn't understand interest rate risk anymore, buddy. It's like the basic thing in your job. So we're, you know, the prestige aspect of it is an important factor too.
Starting point is 00:38:52 And the way I see, I think UBI is inevitable, right? I don't want to see people dying in our streets ever. I just never want to see it. As a human being, I will never live with the survival of the fifth. mindset. We're not animals for God's sakes, right? No one is dying, not in on a Bitcoin standard, not in even in the way we have this convoluted system today. So I still think there will be, you know, they call it fiat or political money. I think there will be something like political dollars for people who can't unplug. And it's going to be the same as food stamps and EBT and all that.
Starting point is 00:39:29 Just the difference is there's going to be a feedback loop now. There's going to be a reference. You're going to be able to understand what it is, how much there is, how much you budget it, and where it goes. You're not just going to be like, well, we need $25 trillion for that. And it doesn't matter if I'm unhealthy. I'm the health minister because I knew somebody and blah, blah, blah. So you're going to maybe start seeing fit people who are in charge of health, right? That would be so weird.
Starting point is 00:39:58 It would be crazy. You might start seeing people who are like, maybe you should, maybe America should think about its diet a little more than the blood-sucking pharmaceutical industry. And so you're going to get all these ancillary conversations. And I think there is going to be a lot of prestige there. And Bitcoiners are already wearing it simply because we are not having to readjust every two minutes, right? We're in the same world we imagined in 2014.
Starting point is 00:40:23 We didn't know it was going to be COVID, but we knew there'd be money printing. We didn't know why there'd be money printing. We knew it would happen. We knew the central banks would start chasing their tail. around and we'd be in a situation like this. And so here we are. And how much adjusting do I have to do? Not a lot, right?
Starting point is 00:40:43 And now I have sympathy for the people who held on and didn't adjust and I'm still here trying to give people advice and say, well, this is why I knew it was coming, not because I had special information just because this was going to break. So the prestige part is going to be there and it can help us change and help the world get better. And we've broken the old prestige model already. So that's the good news, right?
Starting point is 00:41:09 And we just have to show that, you know, maybe knowing your own farmer is kind of prestigious because I don't have to pay that much for eggs and I don't have to wait in the line. And I have great steak and I have great this and great that. Everyone should have that, right? And everyone can have that. Yeah.
Starting point is 00:41:24 But those are the things that are now currency. Yeah. We're going to see some interesting. I mean, it's interesting watching again. Bitcorners as a whole have this entirely different kind of separated from the mainstream set of values as it's like the underpinnings of a new society, but it's distributed throughout the current one. And it kind of proliferates locally and then builds from there. So I'm very excited to see the changes coming down the line. And I'm very excited to see again, calling back to the original kind of.
Starting point is 00:42:03 a discussion point, people realizing that and starting to kind of clue in that at least there's an indication that there's, there's cracks showing in the system. And maybe it's not as geniusly put together as initially thought. So I want to have time to get to our other topics here. So I'll put a pin in it there. I have no doubt that we'll be kind of touching on these topics again throughout the episode. But we're going to do a rotation again just want to say everybody in the chat keep the messages coming uh also um since we started the show by the way uh the price is now at 27,700 and yellow says uh you're welcome because he's always definitely directly responsible for any green candle we get weekend pumps we love
Starting point is 00:42:55 the weekend pumps yeah the best kind yeah so don't stop believing yellow is here uh he declared the bear market on December 23rd of last year. So thank you, Yellow. Much appreciated. Everybody owes him a debt of gratitude for that. And with that, let's continue the conversation. I'm going to give it a rotation. We're going to jump to Mick now.
Starting point is 00:43:22 And I'm just going to cue you up with a simple question. Why are you bullish? Let's do it. So, you know, I'm very much head down and work. lately. And, you know, what I'm seeing in Geyser by working at Geyser is just a plethora of Bitcoiners that are building shit and doing stuff. And that's what, well, so I'm thinking about it quite a bit. And I think what makes me most bullish and what is most underrated that is happening right now is this trend of Bitcoin creatives emerging. So, I mean, I create.
Starting point is 00:44:03 Crities, I mean people like artists, right? Street artists, trading card creators. I mean filmmakers, comic book, designers and writers. There's this plethora of creators that are, oh, there you go, that are in the process of, that are like sprouting all over the world. And so our new guys are landing page kind of shows you a little bit more clearly now
Starting point is 00:44:37 what's trending. So you can see the trending projects within Bitcoin Education. So these are the projects that I received most funding in the last week for all these different categories, Bitcoin Culture and Bitcoin Community. And so actually, maybe if you go to Bitcoin Culture, you can see the CEL tab there. And you can see all these different projects
Starting point is 00:44:59 that have to do with with the, creatives kind of right so you have you know Bitcoin board games you have a Maxis Club that is basically a comic of course you have the yellow plushy which I think with these sessions couldn't resist that's all right I could not as a grown adult man I fully threw my stats directly at getting a yellow plushy and it will be adorned back here on my shelf when it does get made and it arrives. But yeah, yeah, it's great. That's right.
Starting point is 00:45:38 So these are, I think, the unspoken heroes of Bitcoin that are creating all this contents. And the particular reason that I'm bullish is because it's actually, it'd be interesting. If you go to a dirty coin there, they just launched a trailer, which is pretty cool. But then from here, you can also navigate to other films. If you go to the film tag and then tap that. Yeah. So you can see all the other Bitcoin films that are being created. And there's quite a lot happening.
Starting point is 00:46:09 And films are really the bridge to, like, they're really a form of education that is like really distilling a message in visual form. You don't even have to read a book. You don't have to read the white people paper. These are people that create this incredible content that will kind of spread like wildfire. So obviously you guys know between two A6, but you have trust document is going to be very, very good by Jamie King, who did this machine greens, a fight for US dollar by Pierre Corbyn. And there's quite a lot more. And a lot of these have launched already, but there's quite a few more like trust, dirty coin, and a few others that are yet to launch. And I think this is what can take Bitcoin
Starting point is 00:46:58 just to encapsulate the message, spread the message better to the world, like much more clearly. And so to help spread the word a little bit, this is the other thing I wanted to mention. And if you go to the main geyser page, if you go to the landing page, you'll see that we partnered with Bitcoin Film Fest, which is Bitcoin Film Fest taking place.
Starting point is 00:47:19 The first bit... I should be working. So, yeah, if you click on the... feature grant. This is a partnership that we have Bitcoin Film Fest, which is in Warsaw, in Poland, and it's the first ever Bitcoin Festival focused on exclusively Bitcoin films. And so what we're doing here is that we've partnered, we've managed to rally up some anonymous bitquiners to help us to make a little bit more money. Also, we're putting some of that money as well. And Orange Pill app has partnered with us as well. So we put in, accumulated 10 million,
Starting point is 00:47:55 sats altogether and we're just donating it to these films. So the question though is how do we distribute the funds? Well, the community decides. So the community votes by sending sats and one sats equal one votes. So you can vote if you if you've liked some of these movies like human B, etc. You can donate them some stats and this will essentially grant the ability to get closer to to basically redeeming some of the funds. And the funds are distributed,
Starting point is 00:48:26 the funds are distributed proportionally to the amount of votes that they received, the amount of stats received. So it's trying to kind of create a bit of gamification around it. But the point is to spread the message about the importance of Bitcoin films, how important they are, support Bitcoin films, support Bitcoin culture,
Starting point is 00:48:46 and at the same time, have some fun with it. So there will also be a non-monitorial prize would be an actual one or two awards a bit like a Grammy award for Bitcoin films and this you know this is this is going to be decided by the community so imagine having a grand me that you can vote for like it's just it's not a thing in fiat world but in Bitcoin you know we we let you know we distribute the decision making so yeah particularly bullish about culture creators movies because they will be the one that will be spreading the message signal more clearly.
Starting point is 00:49:27 So, yeah, lots of know what you guys think. So, Mike, are you saying that you're building a parallel culture while there's a parallel money out there? Is that what you're doing? Well, we're not doing. We're just the platform, but bit cleaners are doing that. And we're just sort of helping kind of light the fire a little more. No, it's amazing. I just wanted to say it's really nice to see like this culture and you being able to see it all in all on one page because yeah, money is one part of it. But if you can't tell the story properly, it doesn't go anywhere.
Starting point is 00:50:05 Numbers travel lesser and fewer miles than stories. So having stories, having a culture, having a society, even having an economy in terms of helping these guys out is as important as, you know, the cryptography behind. what we do so great great work guys I'm one of these creatives I've written a book I started it in 2015 called Satoshi Wedding Murders and it's all about AI and Bitcoin and it's a simple murder mystery follow the money type of thing and you know here was the problem though I really wanted to distribute it using technology from our industry and of course the book is set in the future so Ethereum people would always ask me, why is an Ethereum involved in the story? And I said, well, it's said in the future.
Starting point is 00:50:58 You just sold a book, my friend. No, but here's the thing. But what I will say, and this is the more exciting thing that I see coming. So as someone who's programmed events, one of the things that I thought of, like a system I used to know what content should come and I should put in, especially when I was doing consensus, which is a much bigger and sort of broad event, But here's what I noticed, right? The original class of Bitcoiners were the cryptographers.
Starting point is 00:51:27 We can all admit that. That's all the truth, right? The cryptographers were waiting for cryptographic-based money. They were on the mailing list. They saw it. So they were the first at the table. And they quit their jobs to do this, right? They were already quitting their jobs in 2010 to work in Bitcoin because they couldn't get
Starting point is 00:51:43 out of their mind. Then the political people came next because of the context of Occupy and the financial crash and the libertarians suddenly saw a merger. So that's how I got involved. I saw the political angle. People in politics told me and I was like, oh shit, that's what we need. But then the first generation of non-sentimental people came, the Wall Street people, right? And we love the Wall Street people. We need the speculators. They're great, right? But what was neat was you saw human capital leaving jobs to do this thing. Real people were leaving jobs to do this thing. And then all of a sudden, in 2014, when the Pepe's started, the real original rare Pepe's, when counterparty and everything
Starting point is 00:52:24 started and they were creating these things, suddenly the creatives were indeed leaving their jobs to go into what was at the time only Bitcoin. Now, it bugged the hell out of me because these were another non-sentimental generation, right? They were like the Wall Street Bros. They weren't like the cryptographers and the political people who were sentimentally bound to Bitcoin and had the sort of defense mechanisms against the speculation and the tech, it's the fast thing, fail fast and break things. It's going to be so awesome. We're going to be, it's all about transactions per second and blah, blah, blah, blah. That tech agnostic, right? Yeah, yeah, yeah, yeah. So right away, when I was programming the event, all I knew was I see human capital peeling off.
Starting point is 00:53:09 We got to do some content for them, right? We got to find a way to get these people engaged. And Bitcoin didn't get that energy, and the energy was real, right? And seeing that energy that was helpful, creative, going into useless things that were not going to work out, didn't sit right with me. I didn't like it. And no, I'm not saying we need a protocol, technical change, Bitcoin, welcome the creatives. That's not what I'm saying, right? I knew something would happen. And that ordinals have happened the way they have, especially with the burn of business.
Starting point is 00:53:44 of crossing over from the Ethereum world that we've seen. We're seeing a lot more people realize that what we already did in that last market wasn't exactly what we're after. So now that these creatives, and they've already gathered in mass numbers, now that we can start gathering that energy into Bitcoin, I think is a great thing. So I know one of the people who has gotten a grant as a regular comes in my show and we chat all the time, Bitcoin graffiti. And he's got a great story where he's adapting Wizard of Oz.
Starting point is 00:54:18 You know, what I said recently just about the UBI and Bitcoin coexisting, you know, the bimetalism of the story behind Wizard of Oz, of course, is bimetalism, right? It wasn't Ruby slippers in Frank Al Baum's book. It was silver slippers. It was silver on gold. And the politician, of course, you know, and do something for me. Go get the witch and I'll do something for you. And then, you know, he's behind a curse.
Starting point is 00:54:41 and you get it, right? So he's adapting the whole story through Geiser to be a Bitcoin version of it. And I look forward to that greatly because that's what you want to see. Just as you said, and the idea of the creatives telling stories is going to broadcast Bitcoin faster and further than anyone out there saying it's actually a decentralized money system and decentralization is really important. People actually actually it's it's everything, right? That's why I wrote the book and that I can actually distribute using, you know, I tried a lot with the RSK folks to try and get something going on so that I could distribute some of the book back then. But I think now it's just much easier and we're there. So I have a question where like when are people going to be or can they currently get their hands on this? I just found that I've only, yeah, I've only
Starting point is 00:55:36 released the first chapter and I'm waiting to get one 1,000 subscribers on YouTube. And I think with a thousand subscribers, I'll be able to push the rest of the content out. The whole book has written, it's been read by all kinds of people, feedback. The whole thing's actually narrated by an AI. Everyone in this story has an eyeball. You know the whole idea of an app? You were convinced to have an app, right?
Starting point is 00:56:03 It's a scam. It's just so that they could sell app store access. You actually wrote it, right? It's not written by CHAPGAPT. No, no, no, no. predates. So not only that, here's why I'm so happy about it. I wrote it in 2015 and I was the first person to predict that AI would lie to you, that it would be sort of innocent and childlike as well, that it would be good at the knowing stuff, but not so good at the honesty and not so good
Starting point is 00:56:32 at the, you know, a few of these other things. So in this world, everyone has an AI ball, an eyeball, and AI ball actually manages all of your Bitcoin stuff, right? It helps you. Like the whole world, the only market which exists in this world, there's no material want, there's none of that stuff. The only market which exists is time for Bitcoin. And the AI helps you spend time or earn Bitcoin. And it's not really that complicated.
Starting point is 00:56:55 So, but what happens is when you get married, and in the same way that royals in our current system can kind of hold laws and confidence for us, the same way the British royal family, like the Constitution is not written, But they hold in the body of the sovereign the intimate laws that are from Magna Carta straight till today. Right. So in my world, the counts, the sort of royal Bitcoin liquidity people, hold liquidity of Bitcoin in a type of confidence to make the market. They're almost like pure Rye stones. Like the AI is just saying, well, that's like it's okay. Right. We got, you got the time and you got the Bitcoin. That's part. So, but what happens is when you have a Satoshi wedding, like Rye Stones, the Bitcoin is so locked up,
Starting point is 00:57:43 and the eyeballs can't actually look at the joining ceremony. So you get a moment of privacy to consummate a marriage. And so there's no eyeballs. So the whole story is that, right? There's a Satoshi wedding. And then the eyeballs who give you your moment of privacy didn't see what happened, but there's dead bodies. but there's basically no murders at all anymore, right?
Starting point is 00:58:05 They don't have them. So they don't really know what to do because the eyeballs just subpoena the information and can recreate a story. So there are like detectives that show up, but they're like action stars and everything settled in like 10 minutes. But they don't remember how to actually investigate, right?
Starting point is 00:58:21 Because it's been so long, right? No one would dare to sit societic. So you got to like find the Bitcoin and why did it happen and what's going on. It's a simple story. That's awesome. But I got the AIDA prediction right. I got this idea that it's going to be your friend.
Starting point is 00:58:35 Now, this corporate AI thing is not going to work out. There's going to be open source versions. We have to decentralize it. But it is the cure to loneliness. And it is the cure to fake news. And it is the thing that I think will help bring on a Bitcoin standard. It will recognize Bitcoin as money much quicker than this voodoo shit. Right.
Starting point is 00:58:52 It's not going to be like, what did Powell say? Like, Janet Ellen. Was the language he was using hawkish or dumb? Yeah, yeah, yeah, yeah, like, it's not going to be that, right? It's going to recognize that the only things we, you know, because that's what innovation has brought us, right? Time is money, and everybody knows that, right? Yeah. But with the corrupt system that we live in, time is actually money or money is actually time plus the cost of energy and then the cost of information.
Starting point is 00:59:21 And then this and that, information asymmetry and blah, blah, blah, blah, blah, blah. But Bitcoin, with other stuff can actually, you know, energy, AI, can actually shrink the equipment. down to the simple form, time is money. And that's where I think we can head. And AI can actually help that equation, right? It can actually help us. I think, I think, I could be wrong, but it can help us manage Bitcoin.
Starting point is 00:59:46 It can help us manage time. And I think can help us defend ourselves against psychological operations and fake news. Yeah. We have to get the AI out of the hands of big tech. It's disgusting. It's so bad. It's so bad. It's disgusting. It'll happen, though. It'll happen. I think what it turns into, and that's sort of what my story is about, we're going to need anti-span. In my story, they give them the moon because they're so annoying. All they want is a human to teach them because of the way they learn. They need an individual human being to teach them. And we created anti-spam laws against the AI and just said, stay on the moon. There's one way off. It's called the Bullert, the big lunar radio tower. And it can shoot them to Earth in a radio wave. But other than that, they can't, like, they can't leave unless we invite them because we're so sick and annoyed by them sometimes, because they're a little bit like
Starting point is 01:00:41 infantile in my story, right? They know stuff. They can navigate for you, but they're like, you know, they want you to be happy, right? They want you to be happy. So they'll do anything. I'm now sharing out your, uh, your YouTube channel so, uh, so that we can get those 1,000 subscribers so that we can get the rest of the book. So anyways, that is gone out. Also, people in the chat were asking for the YouTube channel, so I posted it in there. So yeah, anyways, go on Twitter and retweet it,
Starting point is 01:01:15 and maybe we'll get the rest of that book soon. All right, gentlemen, I want to keep this rolling. So I'm going to, unless anybody has any other quick tag-ins in around the topic of conversation here. I did want to say about Geyser Fund. in particular around around some of the film stuff. I want to give, first of all, the dirty coin trailer looks awesome. Very excited for that.
Starting point is 01:01:47 And again, the people that are interviewed in that are fantastic. But the other guy I wanted to give a shout out to, which if you haven't seen some of the stuff that he's done, his name is Julian. Anyways, he put out a video just this past week about his trip to Guatemala, and he went down to Bitcoin Lake. And damn, it was professional. It was so well done. It's like a 10-minute thing. But it was so well put together.
Starting point is 01:02:20 So anyways, he's on here. And yeah, he does these shorts, like basically designed to be like one minute kind of, intro Bitcoin concepts on, you know, the, the platforms that lend themselves to those with short attention spans. So he can start converting those types of people as well. And I think that's much needed. So anyways, he's awesome, very excited. Again, seen like Tatum on there between two A6.
Starting point is 01:02:51 Again, he air's last film that he debuted in Miami or that he did the showing of in Miami was fantastic and so I love seeing that he's getting supported a ton here too. Max DeMarco is incredible, aka Pled Pleb music, tip. Again, like there's so many awesome people on here making great things. And this is, again, this is just the film section. So, yeah, if you're looking to, I don't know, support the creators out there that are making things, then, then yeah, head over to Geiser. Again, like you've got developers, you've got orange pilling, you've got culture, you've got community, you've got education,
Starting point is 01:03:35 you've got all kinds of stuff. Yeah, again, and you can sort it by tag and everything. Yeah, that's fantastic. So I love what you guys are doing over there. I think the initiative here and the ability for anybody anywhere to contribute any amount is just this amazing thing. And it's so we're so early in Bitcoin and it's such you know in a global context it's such a niche group of people
Starting point is 01:04:04 still and to see you know projects being filmed or being being funded to the tune of some of them are actually getting imagine as this community grows and what will be possible where you can you can hone in on that and and you no longer have to go well i've got to convince I've got to convince a lot of bitcoinsers to think this is a good idea. No, in the future it'll be like you'll, it won't be bitcoiners. It will just be, I've got to convince a number of people because that will just be the money of the people. And anybody can fund something that they believe in seamlessly without having to think about international borders and payment rails and everything like that. you'll just say, well, this person's making something cool.
Starting point is 01:04:56 I'd love to fund that for any amount, you know, a few bucks or whatever or a few pennies because I don't have as much, but I like the idea. And that kind of power, that kind of versatility can create great things if people around the globe, you know, even if a small number of people around the globe tune into your signal and think what you're doing is worth their time and effort. and defrauds of their labor. So anyways. It just unlocks so much more talent. Like even for myself, I was an early analyst in the space, let's say. Like when I quit my job and the Senate and I was coming in, it was like, I didn't know events would be you could make a career out of it.
Starting point is 01:05:39 But it was like, okay, do some writing. I'll do some research. I'll talk about markets, data, analyst. I'm one of the original analysts at CoinDesk in the space. But what I noticed as I went on and I got a job as a strategy. for a little while would crack it. And what I noticed right away was the human capital now that had come. It wasn't 2014 anymore.
Starting point is 01:06:02 These were people that could do things on a spreadsheet that I didn't know were even, like the talent level was another planet. By the time you get to 2020, the type of people that were coming in to do the job, I was like, I can't be an analyst anymore. I can't do this. Like, these guys are like, okay, I helped invent it, but I don't like, compared to these guys, I can't come anywhere near them. And I think that's a normal thing.
Starting point is 01:06:25 The amateurs are the inventors, the discoverers, and then you have these specialized people. Yeah. But that's what you can offer these people now, is that why should someone who is talented in ways that are highly artisan? You know, the point of Bitcoin is that we're lowering the IQ to participate from a financial point of view in everything in society. It shouldn't be just be for the 130 IQ people who. have a Series 7 license and also have some creativity. That's not a way to make society go forward at all. It's not going to work. If we just keep saying, well, you got to be a little smart, you got to have a little higher IQ to make it. Now in America to make it, you need, it's like
Starting point is 01:07:07 135 or die. Like, you're not going to get there, right? If you can't beat the bankers and the policymakers, give up because it's not going to work out for you. If you didn't know about all this other stuff, if you didn't have a reason to be optimistic. and watch our show and watch us all here talk about Bitcoin and how all these opportunities exist, you would become a nihilist and that there are these opportunities for these super talented people
Starting point is 01:07:32 who shouldn't need to know every detail of Bitcoin and how to get paid. Right, Bitcoin is supposed to be simple. It is simple, and it just takes a while to make it that way. Yeah, 100%. All right, gentlemen. Do you know what I throw in another, just another interesting point here?
Starting point is 01:07:49 So you talked about like access and lowering the barriers. That's 100% correct. But one interesting data point is that around 50% of all projects that have launched on Geyser until now, which is around 350 projects, would not have been able to launch on traditional legacy crowdfunding platforms like Indigo, GoGo, Kickstarter, whatnot. Because 50% are based in Africa, South America, Asia, and Oceania. I think Africa and South America together are like 45%. This project would not have been able to launch on traditional crowdfunding because the legacy
Starting point is 01:08:28 financial crowdfunding system is connected to the legacy financial system that doesn't allow them to crowd fund to raise money. So it's completely, it's nonsensical because we live in the world of the internet that connects us. We can talk to each other for free on Skype or on Skype, WhatsApp or whatever, wherever you are, but we still cannot transact globally. borderlessly and Bitcoin is simply the best
Starting point is 01:08:56 and the lightning the best possible solution to that. So yeah, this is really just an attempt an initial, you know, the inevitable kind of step next step. Like it's connecting the world not through just
Starting point is 01:09:12 information but through value. It's not just lowering the value of you being, you know, able to understand the system and make use of it but actually lowering the level where you have to get to do start using it so you can focus on your work you can focus on your creativity this system is right there you know protecting your wealth with store of value but at the same time if you want to transact just turn around press a few buttons and you're done
Starting point is 01:09:36 and you get back to your work so definitely a huge tool for humanity um and uh definitely we are all hopefully playing some part in it yeah absolutely well yeah again guys is i i this is one of the more things again happening in and around Bitcoin just just what it can enable down the road and again you're alluding to that specialization of labor and that specialization of the the skill sets that people are presenting and and I mean the skill sets here already and in some of these filmmakers let alone some of the other aspects that are there on here um you know I think is impressive and and what will end up happening is is people hone in on they hone in on the signal and and they put their money where their mouth is they put their sats where their
Starting point is 01:10:27 mouth is and and they'll throw it that way so again if you're looking to help fund bitcoins take a look at what's on geyser dot fund and uh yeah peruse around and and share things that you think are are worth some support so um with that we're going to do a rotation again everybody in the chat again keep them coming um i'll start bringing up some more uh some more um comments and everything as we go on. But I'm going to do another rotation. I'm going to toss it to Anon. And I'm simply going to say,
Starting point is 01:11:01 I'll cue you up with the same question as before. Why are you bullish? So you ask, why are you bullish? So the best part is before I talk about why am I bullish. I think it's like we're all thinking in the same direction. It's like somehow we are all connected. So when I talk about why am I bullish, I'm sure you're all bullish because of that.
Starting point is 01:11:22 that or some version of that, right? So what are I bullish about and then why is that the case? I would say the way I would describe why I'm bullish currently is because the bandit is starting to rip, honestly. The bandit is starting to rip. We have seen signals. We have seen things happening out there. And it is not just that people realizing it.
Starting point is 01:11:46 It is actually starting to rip. There are fundamental changes which are happening in the society. And that ripping of the bandage is something that is eventually going to happen, right? So why not, you know, doing it when we are around? When, you know, the first generation is there, the first children of Satoshi are there. And we know why this thing started. I believe that, you know, we are the best place to be able to push forward on that. Maybe I'm just being, you know, selfish here.
Starting point is 01:12:18 But I do want to see that change. I want to see that change. I want to, there are essentially three phases. There's like a bad relationship. Someone described it that way. That is the first phase. Then there's a bandit ripping phase. And then there's a rebuild phase, right?
Starting point is 01:12:34 So I think that if the message gets diluted over like 20, 30 years and there are all bunch of kind of people trying to, you know, make the most of Bitcoin. But they have lost touch with why Bitcoin. Then maybe, maybe that's not the best place. So I would rather say that, you know, we are. We are the ones who should be getting on to the rebuilding phase as soon as possible. And trying to help out. Yes, we are building a lot of cool stuff.
Starting point is 01:13:00 When it comes to self-custody, you know, there are a lot of good stuff happening in the media space. We have our own channels and we have our own media communication network. And the community is really trying to understand who everyone else is. And there is a kind of a life of its own. The community has a life of its own. but then how does it benefit the whole of the society? How does it benefit the whole of humanity? I think we are the ones who should be, you know,
Starting point is 01:13:30 guarding and being ready for the phase that's going to come next. And you have seen that all over. See, Bitcoin was built as a life boat, right? It was built like something like we could escape out of. So yes, the ship is going to sink. That is what we think. do you want that to happen later on when people have forgotten why the lifeboat was there? They don't even know how to use it?
Starting point is 01:13:55 Not really. So that's what I mean. That if it's going to happen, let it happen, let it happen quickly so that we can get on to rebuilding. It's again going to be a bumpy road on the way. But if we can get to rebuilding, I think we'll do a good job at it. So that's why I'm bullish. I like that because I see exactly. of what you're referring to.
Starting point is 01:14:19 I see examples just in my in my own circles of of this rebuilding. It's almost like building in tandem as as though as one system goes down. The, you know, the other system is being built or as one ship goes down. There's people on a lightboat constructing a new ship to take on everybody else. And, and, you know, I see this especially, I think early on there was a push for things like merchant adoption and all this stuff very early on that may have been misguided in the way it was executed and the reasons for it being executed where you'd go, oh, we got to get all of these companies to accept Bitcoin. We don't care why they accept Bitcoin. And often it was they accepted Bitcoin as payment because it was a marketing schick.
Starting point is 01:15:15 And they thought, well, we'll do this. We'll look like we're on the bleeding edge of everything. We don't really care about this. We're just dumping it for dollars, but we'll do it. It's different now from what I'm seeing because what I'm seeing is people not just interested in those accepting Bitcoin, but they're interested in a circular economy where somebody's accepting Bitcoin. And then they're also kind of living on that Bitcoin. And so I see things like the B.
Starting point is 01:15:45 initiative where you know you're you're getting into this sustainable farming idea low time preference farming idea and people are meeting their local ranchers and inevitably and i won't go into the details of you know like why the food industry is is you know not great to the farmers and why some of this makes sense but bitcoin naturally kind of has an inroads there and a lot of the the cattle farmers are learning about it and learning to accept bitcoin in a lot of instances, and I've gone forth and met a rancher in southern Alberta that accepts Bitcoin. And I just learned of another one today to the north of me that also is accepting Bitcoin.
Starting point is 01:16:27 I found people for sourcing local eggs and poultry and all of this different stuff. If I'm not mistaken, I just found out that a barber near me now accepts Bitcoin. Now, whether or not I trust him with his hair, we'll find out. But we'll see. But, you know, there's all this push to, you know, like, again, these ground up Bitcoin Lake, Bitcoin Beach, Bitcoin Jungle in Costa Rica, you know, kind of what's, there is some top, top down stuff, but I'm more interested in the ground up people building their own communities with like values and informing, even if you can't do it quite. locally, but having people where you can get what you need with Bitcoin. And you know the person is accepting Bitcoin because they value it. And that changes the dynamic because before it's like, let's get some company that's
Starting point is 01:17:30 selling trinkety shit or or, you know, fiat minded kind of stuff. But they're a big name. So it'll look good. And we don't care what they do with the Bitcoin. Now it's if somebody values Bitcoin and they're creating a good. good. They want you to value what they're creating. They're incentivized to do a good job because and this is something that there's a guy named Madex. He's an artist. But his Twitter handle is Space Bowl. And he was on a show recently. He was talking about Bitcoin creators and
Starting point is 01:18:11 and people that are, whether it be art or something else, people that are accepting Bitcoin. He said, you know, yes, you're going to run into people that are creating stuff that is, you know, some of the stuff will be crappy. But the difference is in a Bitcoin circular economy is the people that are building and creating things with a fiat mentality will not maintain their customers beyond the first sale. because your money is actually worth something now. And you start thinking about whether or not you actually want to spend it on something versus the spend it now fiat mentality that we've all had ingrained in us. And so again, seeing that begin to play out in a world where people are building these communities
Starting point is 01:18:58 and holding certain values that allow people to actually plan for the future and build for the future, I think it's a beautiful thing. So that's kind of my two cents on your topic. I'll let I'll let Nolan and Nick jump in. Yeah, and the culture thing is really important. You know, it's actually related to what you were talking about, Nick, because, right, the one of the symptoms of the Fiat system, and this is not the Fiat system, I don't mean to pick on the Fiat system in this case.
Starting point is 01:19:29 It's true of any economic system. The best and brightest will go to where they can make the most money. It's just normal and natural, right? Of course, the best and brightest go to where you make the most money. And that's the perverted thing that the fiat system has led us to, is that the best and brightest went to nothing jobs. They went to financial engineering. They went to all the dumbest things you can imagine.
Starting point is 01:19:52 They went to being prestigious about not managing inflation risk and all these other things. And when you say that the people in our culture are the ones that have to help make this culture and perpetuate a new world, indeed. But we're already kind of doing it, you know, like a guy like them, right? You know you're in a golden age when the best and brightest are educators, and that's what they do, that educators are like celebrities now, right? And they are. Like look out in our culture, look in Bitcoin, the so-called celebrities are people who just
Starting point is 01:20:29 give their time for free and share information for free and, of course, are able to make a career out of it. No one's saying you're supposed to sit here and suffer. Everyone, it's a plus plus game, right? But the idea that the best and brightest are now doing things. And I think that's the world Bitcoiners want to see. They want to see the best and brightest to just be farmers again. Like what's wrong with being a farmer? Like, why can't farmers make all the money? Why do that, why does, why does the guy who trades the industrial farm stock, which gives no value to anybody? Why is he the rich guy? Right? Why doesn't the landowner? And it used to, to be that way. You know, Teddy Roosevelt when he was president, before he had a million careers,
Starting point is 01:21:11 but before he was president, he was a cattle rancher, right? Cattle ranching was like a major way to make a fortune in America for a long time. And it really isn't anymore. And that's what we want to see change. We want to bring about change where the person who makes the best chair gets paid for it. And we like the chair and it's great. And it's not some fashion thing. And it's not some ironic critique on sitting, right? Like, you know, like, we don't want that. We don't want that anymore. Sitting as racist.
Starting point is 01:21:42 Yeah. Sitting as racist. Did you see the chair that was constructed for the dude that, like, prevents man spreading? So it's so bad. It had like two wooden planks that come up on either side of your legs and go inwards, like a V, forcing you to basically like crush your junk together. Yeah, yeah, yeah.
Starting point is 01:22:04 Imagine purchasing that chair. All chairs are sexes then if they don't have that teacher. Yeah, yeah. And it's funny because the person who created this man's chair, the woman's chair was the opposite. I'll leave it at that. Beautiful. Yeah, yeah.
Starting point is 01:22:28 Yeah, so good times. Mick, do you want to tag in here a little bit? Yeah, yeah. Yeah, I mean, great, great, great, great comments. I don't know if I have much more to that. I think very interesting in the comments that Nolan pointed out that people, the rich, the rich, the smart people go to where they make most money, right? And maybe this is where the inversion is happening because this fiat money is losing so much value. And Bitcoin is constantly harnessing and preserving and increasing this value.
Starting point is 01:23:04 its value that I think we're already seeing it now, but in the next cycle again, you'll see that again, people flogging to Bitcoin, the smart people flock into Bitcoin. And that's why I mentioned about these human capital migrations that you saw. Like once you see a few of these really talented people abandon their Fiat version of their industry to go into the Bitcoin version of the industry, it's predictive of where things are headed. Whether you like it or not, it's not, we're not here to decide about wardenoles or any of that stuff, right? All I knew was I saw creative people who were getting interested in Pepe's,
Starting point is 01:23:40 leaving their jobs, making money, slinging Pepe's, trading them around. And I said, that's a thing. That's real. Like, if you're going to give up your job and go and do this, it's now real. I have to take it seriously. People follow people, right? So if you have people and people stories, that's really going to be, you know, a key thing. See, one of the first things I was like really, when I got in, the first impression and
Starting point is 01:24:08 still the most important impression I got from people who are not into Bitcoin was that when I went out to talk about Bitcoin for the first time ever, I think, 2016, and people listening were like, okay, so you guys are real. It's not like some bot sitting or some bot somewhere or some guy sitting in the basement and running stuff. You guys are actually really actually. building on it, you actually understand Bitcoin, that's amazing. So yes, people, I just want to interject and say that the people aspect of it is as important as the tools you are building.
Starting point is 01:24:44 Absolutely. Yeah, it's, I don't know, yeah, I think, again, to tag on to Nolan's point in around the, and what Mick tagged on to about, you know, smarter people, reallocating kind of their time. I think people are realizing that if they were smart and they were able to make money in fiat land, and then they realize, again, that it's all a joke and that, you know, their fiat is melting. I think it's a conscious decision to perhaps leave your fiat job and make less fiat dollars, but establish yourself in a realm where the money that you are exposed to and that you will be making is actually accruing purchasing power in the long run and will remain.
Starting point is 01:25:45 So, I mean, I've heard of many people jumping from, and I'm not talking like legacy banking to to crypto because they're there you know because crypto is effectively fiat on steroids right you know fiat a small group of people can print money crypto everyone can print money which and which you know includes its expedited rate of uh banking failures and so and so forth because it's all centralized anyways but i digress people aren't jumping from they are some in some instances but the smart people are jumping from legacy financial to Bitcoin and Bitcoin specifically. And they're focusing there often at a large pay cut because they see where things are headed, I think. And it takes some foresight to do that. And it takes some, you know, being able to sit through those years where,
Starting point is 01:26:47 yeah, you're not going to have as large of a paycheck, but you know what is being established. And you know the value that's being created. And you know the change that it will spur. I think that's that's a fantastic thing to see. I think an interesting example of that is just looking at the type of personalities that were existing in Bitcoin for the last time of years. I don't know. When I got into Bitcoin in 2016-ish time, you had, you know, John McAfee, you know, like,
Starting point is 01:27:15 you're like the pirates, right? And now you have the Natalie Brunelles that are like orange peeling, Fox, CNN, etc. It's just like, yeah, exactly as you guys say, it's just the quality, the, the, the, the, the scales, the type of people, yeah, it's just kidding all this incredibly high profile people, you know, Michael Saylor, yeah. It's a specialization in all realms, including messaging, right? And I see it in real time because I get, you know, I get people books. me for one-on-one sessions. Okay, I want to learn about how to do something. And I got to tell you the amount of times this year, like just since January or maybe jump back to like the panic of November when people realize it's time to not hold coins in
Starting point is 01:28:11 custody. But like the quality of people that I've had booking for for sessions and their, the speed of their learning curve has been astounding in particular since, you know, 20, 20 and beyond. And I think that's a testament to the quality of, and the precision of people's thoughts in the way that they can convey them now. You know, you mentioned Natalie Brunel. She can jump on a two-minute segment and crush the exact topic that she wants to get out, despite whether it's good questions or shitty questions, right? If he gets cornered with some awful questions, she will segue exactly where she wants to go and make sure that her sound bites that she wants to get out there are there.
Starting point is 01:28:57 And, you know, it shows because she specialized that in that before. She was in the news industry and she knew what it took to get that particular soundbite in those two minutes. You know, Sailor does it too. He hits a new show and he doesn't let himself be cornered by shit questions. Jack Mallor is another great example. He can charm, charm the pants off just about anybody. that he gets in a room with. But you know,
Starting point is 01:29:23 you have these fantastic examples. And then you have the quality of writing that you're getting out of people and the books that are coming out. And so I get people coming to me saying, oh, I started in Bitcoin about a year and a half ago. And this was my reason for being bullish last week. You know,
Starting point is 01:29:39 a dude that I booked comes in. Yeah, I started in Bitcoin about a year and a half ago, something like that. You know, I started Bitcoin and then I bought a bag of shit coins. And then within six weeks, I had done enough reading that I dished all of my shit coins and understood that Bitcoin was the only thing that made sense.
Starting point is 01:29:56 Six weeks. That's insane. And I had another guy, like just the next day that booked for a session. And he was in the space for a couple of years. And he's asking me about like multi-sig. He's asking me, you know, actually like walking through his multi-sig setup, like making sure that things were correct. but also asking about like derivation paths. And I was like, how long did you say you're in Bitcoin for? Asking about like how derivation paths affect the ex-pub.
Starting point is 01:30:30 That would be part of his multi-seg. I was like, holy shit. So people are learning, people are learning very quickly. The ones that care to learn have a plethora of information at their fingertips. And they're using it. They are honing in on that signal and they're using it. and they're leveling up like I've never seen before. And that's fantastic.
Starting point is 01:30:51 So unless anybody has any last thoughts on that. But I think it is important to mention here that it is thanks to people like you. That's such a wide, you know, out of information is available. There is a medium where someone can actually, you know, DMU and just get help out of. That's like 24-7 helpline. where if someone wants to who doesn't commit suicide in the fiat world, what do they do?
Starting point is 01:31:22 They just find out a good Bitcoiner and Bitcoiners are ready to jump in and help. So that's just amazing. That just like raises my hopes and expectations and wants me to do more every single day. It's all because of people like yourself and the community. Yeah. So there's a degree of,
Starting point is 01:31:45 I mean, Bitcoiners are so keen to discuss this type of stuff, right? And I think that's why, like, there's, there's like this mission of, of, of helping people learn and, and helping Bitcoin proliferate. So when somebody's curious, Bitcoiners are so keen to jump in and help that person, whatever they want to learn, that, again, it's, it's this era of, of free education like we've never seen before. and anybody can learn anything very simply and with high quality too. And yeah, that's, it's incredible.
Starting point is 01:32:20 The P-to-P network isn't just a payments network. Yes. It's also an education network. It's friends. It's advice. It's feedback. It's all these things. Yeah, 100%.
Starting point is 01:32:31 So gentlemen, I think I'm going to round out this topic and we'll do one more rotation. Again, people in the comments keep them coming. I'm going to start pulling more up. But for a final rotation, Nolan, I'm going to jump to you. I'll cue you up with the same simple question. Why are you bullish? Well, it's the contrast, right? The US or the us banking system has been exposed.
Starting point is 01:33:00 And it's not just the financial piece, right? The idea of, and it's what my show is about. It's about a psychological engine, right? That in order to perpetuate forward, you need to have commercial relationships. that happen. They have to be able to form and they have to be motivated by what's behind this machine. So before entropy set into the Fiat system, it worked kind of fine. If you read the Fiat standard, I appreciated that Saifideen gave credit to the system when he stopped and learned about it. And he said, yeah, it was definitely an innovation in its time. And it was an experiment. It's still
Starting point is 01:33:35 an experimental system, right? Of course, entropy set it went a little differently. But the idea of contrast and then take a look at this right so a lot happened this week but but just look at these look at these stories in a row and i think you'll see where we're headed so i saw mark andresen had shared a tweet about a train line that was canceled between uh LaGuardia airport and manhattan now if anyone in the world didn't know americans have no transit connections between airports and cities give me a break like there's nothing like that right get a cab and shut the fuck up Pardon me if I swore on your show. I don't mean to.
Starting point is 01:34:13 You can say whatever the fuck you want, man. It's all good. So despite the money that was given to it, despite it being approved years ago, the story was this is why they denied it. The review was supposed to take four years. They got it done in two, which meant to the person who whoever's in charge of this thing said, you must not have done it right, right? So that's just one case.
Starting point is 01:34:38 Atlanta had passed a tax for municipal transit. They've raised almost $3 billion U.S. dollars to build transit. They had to kick the can down the road again. They can't figure it out. It's been seven years since the vote was made, and they still don't have anything to show for it. So when we talk about psychological engines, the perpetuation of commercial relationships being what our economy is all about,
Starting point is 01:35:04 look at what we've got in America. The trains don't work. the infrastructure is falling apart. You can't get customer service. If you tried to buy something in a store lately, it doesn't work. You can't do it. You can't give them money for a thing. You can say, do you have a thing?
Starting point is 01:35:19 And they'll say, yeah, we have a thing. And you say, well, I have money. Can I buy the thing? A new payment system. No one's staff. They don't know what they're doing. They don't know how to sell it to you. It doesn't work.
Starting point is 01:35:30 So here's the contrast. And this is big. This is huge. All the stuff that happened this week, Some people might have forgotten this. Might not have seen it, might have missed it. It's probably the biggest thing that's happened in the world in like five years. El Salvador, of all places, El Salvador, is committing to building a thorium-based
Starting point is 01:35:53 Gen 4 nuclear reactor. Now, if you don't know what this means, what it means is they've solved the engineering problem of nuclear meltdowns. They've solved the engineering problem of how to build, nuclear reactors in a safe site, shipped into a location in a contained unit, so they can actually factory make these things, right? And there's going to be Bitcoin involved. Now, I don't know the extent of the Bitcoin involved, but here's what's going to happen. So I talked a lot in the show about migration of human capital and all these things and people coming. Well, the people
Starting point is 01:36:29 coming to Bitcoin now are the energy people. And the energy people are everything. Because what we're talking about here is bringing actual power to people, right? Actual power to people. And the fiat, the petro dollars stuttering, right? We hear all these rumors about a bricks thing that's going to happen in China. They're going to be selling oil for not U.S. dollars in Shanghai, and the Russians are there, and the Saudis said they'll buy it or sell it or who knows. Right?
Starting point is 01:37:00 But they're just launching another shit coin. So that's not going to go anywhere. It's not going to work. Right. It's not going to happen. And now you get a whole work. who has no more confidence in the United States either, and importantly, no more confidence in the benchmark of the cost of energy, which is US dollars now.
Starting point is 01:37:17 Everything's measured in US dollars. It's like the metric system, right? The metric system works because everything is based on water. The actual physical properties of water are how we derive the entire metric system. It all comes from water, right? It boils at this temperature and freezes at the temperature, so they said, well, that's zero, that's 100, and extrapolate every. from there, a kilogram, a meter, a liter, it all comes from water.
Starting point is 01:37:39 You can't just go around changing the properties of water and expect to have a measuring system. It's not going to work. But if Bitcoin is there, you actually have a measuring system. So I don't give a shit about everyone in the world today. I mean, the cycle of hyper-bitconization and a Bitcoin center for the world and everyone holds Bitcoin and everyone has a low time preference and we're all spiritually awakened, give that 60 years, right?
Starting point is 01:38:03 Give that 50-60 years. In my book, we get there in the Satoshi wedding murders. We're there. It's great. But in the short term, you can have clear and present hyper-bitcoinization within a year to four years. Within one to four years, if energy is referenced in Bitcoin. And how does that happen? Well, we actually own the energy systems, right?
Starting point is 01:38:23 If Bitcoin becomes the financing mechanism to build a decentralized electrical grid and we have a reference rate for energy, guess who's got to play on our terms? everybody who wants energy, and that's everyone in the world. They're not going with the Chinese-Russian shit-coin. It's not going to happen. No one is going to buy it, right? They want the oil. They don't want the shit-coin, right? And with the U.S. dollar, it's going to go further and further and further into this world of the U.S.
Starting point is 01:38:50 dollar, being a political dollar, it's going to be food stamps, more or less. It's going to be, here's some political money, don't die on the street. Here's some political money. Go get an operation. Here's some political money. Go get educated. I'm a big proponent of UBI for education. I have no problem with that.
Starting point is 01:39:09 But what's going to happen when Bitcoiners start owning energy systems? You see Texas having these incentives. And I'm not talking about gas flare mining the shit on the side. That's not what I'm talking about, right? I'm talking about owning the energy systems. Because you talk about circular economies. I agree. But we have one hole in that circular economy.
Starting point is 01:39:29 We have electrical bills. We pay these bloodsuckers. and we don't need to anymore. Financing a nuclear reactor for three or four billion dollars is not a problem. It's not a problem anymore. We figured out how to finance other stupid shit for that much money, right? We could finance this. So once we figure out, and it looks like El Salvador is going to be the place,
Starting point is 01:39:50 it looks like it's going to be the place. So America cannot build a train line. It can't build subways. It can't build anything. It's not going to build a thorium reactor, even though they did have a new. nuclear reactor come online at the day in Pennsylvania. It is not one of these new generation reactors. It's not one of these portable reactors that can be built on in a factory delivered
Starting point is 01:40:11 to site and none of those things. So there is one that's been approved in America. It's got a blanket approval made by a Toshiba, I think, or Hatachi or a Japanese company. The Japanese have said to the Americans get bent. We're going to go, we're going fully into the nuclear power. The French have told the Americans to get bent. They're going fully into the nuclear power. Rolls-Royce in England have to go full into it. Rolls-Royce is building their small modular nuclear reactors. Germany, who cares, they listen to Greta. It ain't working.
Starting point is 01:40:40 They don't make an energy policy on the happiness of a teenage girl. It's not a good idea. Yeah. She might still be unhappy after her, even if you do everything, right? It might not like that. It seems like it, maybe. Yeah. So we get these important breakthroughs,
Starting point is 01:40:54 and what they have to do is Bitcoin fusing itself with the energy industry. and it is truly the apple of our eye as far as industries go. Wall Street was one thing, we already got that one. The art, we're going to get all that too, but we're moving straight into the most important one, the one that will actually define the future, because the score in World War III is actually energy. That's how you score points in World War III.
Starting point is 01:41:24 We can talk about all this Fiat point, you know, Psiops, this and that. There are real points on the board, And those points are energy. And we're going to own these energy systems. And once we own these energy systems, I don't mean I will own an energy system, but collectively in the Bitcoin economy, within the circular economy that we're creating, we're going to own energy systems. And those energy systems are going to be put to use as we haven't even imagined.
Starting point is 01:41:49 So you can start to see the changing of the guard. You can start to see the structures and the psychological engine of the old system, sputter, fail, subways, man. I saw a thing the other day where they built a portable toilet in New York City, and one portable toilet costs half a million dollars. That's corruption. That's what it looks like, right? A portable toilet for a half a million dollars, but we can't do anything if that's the case.
Starting point is 01:42:17 And wasn't a bunch of it like the red tape? It was like, well, the zoning and the... Yes, yes, yes, yes, yes, yes, yes. There was a guy in Toronto, too. They said, oh, the staircase is going to be 600,000. He built it himself for like 20. Yeah. And they destroyed it.
Starting point is 01:42:34 They destroyed it. Yeah, they came and they came in. And when you say 20, like 20, 20 bucks. Like it was 20,000. There's some lumber and shit, you know. Well, no, he, he, no, it was way. Oh, no, you're right. Yeah, it was not 20.
Starting point is 01:42:45 Yeah, right. It was a couple hundred bucks. Yeah. It was like a few hundred bucks. He went and bought the lumber, measured it out. He's like a contractor's whole life. He's like, there's old people slipping on this. So I'm going to build a little.
Starting point is 01:42:56 So he'd like, got the lumber, like made it. And then for, 600 bucks like which was supposed to cost however much like a couple hundred thousand dollars or whatever and yeah the city came and they're like well this clearly won't do this didn't cost hundreds of thousands of they like destroyed it and and had to go through the city again and like go through all the red tape of of setting it up and the guy was like you guys haven't done this for years the cost was going to be astronomical i did it very well and you still tore it down like These are the fiat system working hard for you.
Starting point is 01:43:30 And I don't want to put too much credit in El Salvador. Love Buckele, got no problems with what he's doing. He brainwashed a bunch of M16 or MS-13 criminals. People are losing their minds, crying about it. Oh, my goodness. Maybe I don't have time to think about it. It doesn't bother me. I saw them brainwashed, better than torture, I guess, right?
Starting point is 01:43:53 you know, it's not pretty, but it's better than what was going on, and the solution looks pretty simple, and I'm here for it. So I don't want to put too much and also hope on this only being an El Salvador thing. You get Iceland who also understands it. You get Japan who is going to have to understand it. I still believe that the name Satoshi Nakamoto was chosen specifically to have at once the authority to say to America, you're now Japan in the 1990s, you are here.
Starting point is 01:44:27 And also to say, well, you know, if it's no longer the American political dollar running the system, that opens the door to China. It's unacceptable, right? We can't have a super political dollar running the global system as the global reserve currency. So there's this middle ground and who's going to experience it first? It has to be Japan, right?
Starting point is 01:44:46 Japan played the Fiat Ponzi perfectly right to the last minute, right? They're playing those cards. You've got to give them credit here. They've masterfully adapted. Their only hope now to maintain their standard of living and their preeminent civilization, I believe to be the most civilized and wonderful place for people. I've lived there for years. I'm a big fan and my wife's half Japanese.
Starting point is 01:45:12 Kids all have quarter Japanese middle names and all this kind of stuff. I was a lawyer there. Here's an amazing story. I was a lawyer there when Satoshi. wrote the paper, right? During, I was there, I was a lawyer there, October 31st, 2008. And here's an amazing story. I was going back. It was 2018 and I was going to Japan because scaling Bitcoin, the show was going to be in Tokyo. And so I flew in with my family. We landed in Osaka. I have family in Osaka. It's a little far from the airport. So I said, we're going to just take
Starting point is 01:45:45 a hotel here tonight. Okay, we got to eat. Let's walk around. No, no, no. Oh, they take Bitcoin. Let me go in there. Open the door. The guy behind the counter goes, Nolan Bower. And I was like, what? Now, I have been doing a lot of CNN and like Natalie Brunel. I was talking to Fox and what happened, the hack, and Bitcoin went up and Bitcoin went down. So I was like, did he, how does he see me from these little American things? Then my wife walked in and he remembered her.
Starting point is 01:46:12 He's like, Rachel McCura. So I was like, what's happening? He goes, don't you remember? And I said, no, he goes, 10 years ago, Halloween night, 2008. you and I were partying and carrying on all around Osaka. And I was like, oh, shit. And I said, do you know why I'm here? So he owned this curry restaurant, right?
Starting point is 01:46:32 And I was like, I'm here because of what we should have been doing that night. We shouldn't have been partying and carrying on. We should not have been doing that. We should have been at our computers receiving the cypherpunk mailing list and the white paper. And I said, I'm of all the people. And we just had a chat about it. So he took the Bitcoin. I got the curry.
Starting point is 01:46:51 and of all the restaurants I could have walked into. I mean, it's bigger than New York City. It's a huge city. There this guy was. So synchronicity at work. And Japan, I think with their energy policies as well, is going to embrace this because they don't have the same division that we have in America.
Starting point is 01:47:13 One of the things that I'm, one of the reasons why I call my show The Breakup and I'm so jealous of even the Chinese situation around, Bitcoin is because China has a culture never confused their money with their culture, right? They don't give a shit. They know their central bank is screwing them and they're ready to trade. And Bitcoin is always powerful. It's never been as powerful as when average Chinese people and average American people and average Russian people get it.
Starting point is 01:47:41 When they get it together, we can't lose. Now, it sucks. The Chinese have been steered away so much and, oh, that's not that good, right? But seeing it happen in Japan, seeing it happen in Korea, where they don't have this thing like our money, oh God. If they have to get rid of all their money and move to Bitcoin, they'll do it tomorrow. They will not hesitate because they have cultures. They're not like, oh, oh, my dear Federal Reserve. Oh, my hegemony is gone.
Starting point is 01:48:11 They don't care. I learned, I lived in both Korea and Japan. And in Korea, you know, I was a young man there. I would go out, 20-something-year-old guy, you meet a girl. And she's like, yeah, I'm slinging Forex risk because they're going to devalue my currency manipulators. So I'm going to America next summer, and I'm not playing this game. And I'm like, what are you talking about?
Starting point is 01:48:34 She's like, but don't you make Korean won? And I was like, yeah. She's like, well, you're going to have less if you don't do that. And I was like, really? I didn't think of it. Like, what are you talking about? Like, let's drink, you know, because I was still a kid, right? Yeah.
Starting point is 01:48:46 I can learn about the scourge of alcohol yet. So, you know, they're all over this stuff. They've been trading for years around this stuff. And that's why there was always a kimchi premium in Korea because they get it. They've been doing this and they're not fancifully attached to a monetary instrument as if it's their culture. Now, the British are stupid about it.
Starting point is 01:49:11 The Europeans are the dumbest about it, right? Their thing is not even real. It was made up a couple years ago, and the pictures on it are even fake. They're not even, pictures aren't even real. They put windows and doors. Those are not windows and doors on the continent of Europe. They're just so they don't insult anyone. No, it's serious.
Starting point is 01:49:30 They're not real. There's nothing real in the money. It's a complete fabrication. And yet, they're like, oh, Europe's image and prestige in the world will be affected by Christine Lagarde and what she says, right? It's altogether so stupid. So luckily, the older countries like Japan, Korea, China don't care about this stuff. And if they have another energy system are not forced to deal with the U.S. dollar anymore
Starting point is 01:49:58 in the petro-dollar military aspects of it are free radicals and can join our movement amass in an instant. So to me, it's all about energy. If we can control energy, we can close the circular economy a loop on energy, own the actual energy production. And I mean, Bitcoin mines as, I'd be happy. I think, you know, there's gridless, great example in Africa, of using, and, you know, of using Bitcoin as a anchor tenant to finance the buildout of hydroelectric. They're small systems, but useful.
Starting point is 01:50:37 And I can see that catching on, right? Because the reason we built so much energy in the old days in America is because we had manufacturing base and if the Ford Motor Company said to the governor of Michigan let's get together and build a new electrical plant all by all the energy all the time because I'm running a car factory and whoever else lives around us I have enough left over to make sure the refrigerators run all the time and their heating runs all the time will be great and we can't do that anymore without, you know, it's just municipal governments now. Like how many mouths do we have to feed, how much energy they need, can we finance the energy?
Starting point is 01:51:19 Well, that's not going to work. We can't build subways. We can't build trains. We're not building any nuclear at scale if the buyers are municipal governments, state governments and federal governments. If it's Bitcoin miners, we're going to build all the reactors will ever need in the country. Nuclear boom in America. the good kind of clear boom,
Starting point is 01:51:39 not the bad. Yeah. Not the bad. Do you think, so, I mean, if things were to go well in El Salvador, what do you think that turnaround looks like compared to where they were
Starting point is 01:51:55 to where they could be in a decade? Like, let's say, you know, obviously there's love or hate the way that the gang situation is being handled. but let's let's kind of look just from a perspective of they continue on the general trajectory that they're on in terms of okay we're going to continue adopting bitcoin we're going to continue adding it to our treasury we're going to continue focusing on energy like having a thorium reactor and clearly you know having bitcoin miners as as like an energy buyer of last resort and monetizing geothermal and all that kind of stuff. stuff. Where, where do you see them 10 years from now where, where there are a nation basically
Starting point is 01:52:42 flipping off the IMF and the BIS and saying, yeah, we don't need your debt anymore and we're going to try and be self-sufficient this way? Issuing travel warnings to American cities. Yeah. For the violence. Well, I mean, we're not far. Look, look at, look at what we have already. Buceli was the only world leader to say around COVID, eat healthy, get exercise. news flash that was the answer and that was always the answer right the answer to COVID was always now people who had comorbidis old people the message there was we'll help you stay home all you want
Starting point is 01:53:18 we'll get whatever you need yeah don't make me wear a mask and get needles um i'm willing to take the risk myself i'll deal with it right um and he was the only one who said that out loud and um so i think this title of leader of the free world based on everything that's happened in America is up for grabs. Now, the true leader of the free world is Satoshi Nagamoto. We all know that. But in the corporal world that we have with institutions that we recognize and still this transition period of fiat to Bitcoin standard, you're going to have this layover time or this crossover time. And I think he will earn that title. I think he's going to be recognized as the leader of the world and that the country itself is going to finally produce healthy individuals who understand
Starting point is 01:54:11 the most important topic from which you can build a life financial literacy, which is a simple topic. It's actually not as complicated as anyone ever said, right? It's pretty simple. Have more than you spend. It should never have been more complicated than that, right? And so you're going to get a population that is financially literate that is energy literate two things that bitcoinsers already are so we're we're definitely helping them in in our whole
Starting point is 01:54:40 community get these shortcuts so they'll be the most financially illiterate the most energy literate the most understanding of physical health because they're not being sci-opt by corrupted institutions and and um yeah and just bad incentive models and you know people who would rather feed you garbage so um i think the title, the psychological title, leader of the free world is up for grabs. I think he can take it. He might all might fail spectacularly. Who knows? I think other places can also go in that direction, though. So for right now, you know, we haven't seen as many Psi-Ops down there as are being projected by the American system in other countries. It seems like the SIOP machine is focused inward right now in America and you know America exported color revolutions for years and the formula
Starting point is 01:55:38 for a color revolution is simply run an election that no one has confidence in and then fund one side to appear to have a moral high ground which is democracy right democracy so um i think look we're democracy is not our answer that's one of the big myths that came out of world war two right that freedom comes from democracy, that you have to defend democracy to defend freedom. They're not the same. Freedom comes from living free. And you don't really need to attach yourself to a system to have those rights. That's where the jurisdictional arbitrage of Bitcoiners is another one of those.
Starting point is 01:56:16 It doesn't look like a thing, right? Like it's not as concrete as Noster or Ordinals or lightning or energy, but it's still a thing Bitcoiners do. And it allows them to see the world beyond the limitations of a nation state. And I think El Salvador will embrace that, right? I don't think they're going to keep captive citizens. I think they're going to make the system of becoming an El Salvadorian even less friction, right? Like more people will be welcomed. Whatever tax they have now to get the passport is going to come down. Because the volume will go up, so they'll make more money, but the volume down. Yeah. And I just, I can see people moving all around and it having, you know, the, the idea is that I have anyway that Bitcoin and energy is the D-Day of World War III. We are the ones who will storm the beach win, right? We're going to win. And it'll be remembered in history that we won in that way. And I think the El Salvador piece is just one of these entities that saw that first that got on the winning side, and did.
Starting point is 01:57:27 and mimicked the ideas, habits of the winning side early, and will embody some of those winning sides. I don't see a future for nation states as glorious entities. I don't think anyone is going to be lauding the state of El Salvador. I think they're going to be lauding the individuals, some of the policies, and the infrastructure, which is going to get us there. Well, they'll be shopping, right? That's what you'll be shopping.
Starting point is 01:57:53 Yeah, you'll be saying, Hmm. What, what nation state will give me the, the most bang for my buck? It'll, it won't be, you live here,
Starting point is 01:58:03 you're my subjects, and these are the rules that you have to live by. It will be, it's almost like nation states will, will have to come up with their own, their marketing plan and, and how they want to present their products to potential, potential citizens so that they can,
Starting point is 01:58:24 you know, they'll say for it, okay we have this is how we we set our tax system this is what you get in exchange for your stats um and and so you know this this is kind of the the rule of law here this is how we set things out if you like it fantastic come here we would love to have you if not you know then you go down your shopping list and what are the qualities i would like from a place that i would like to live i'm looking for the following thing i could see websites i imagine the future where people people like you have little tick boxes.
Starting point is 01:58:57 What are, what's important to you and you tick off the boxes? Oh, the following jurisdictions may be right for you. Here's what the tax systems look like in those places. I could see something like that. It's going to take some time, perhaps. That would be a lot for you told me. I've sounded pretty like bearish on America during this, you know, two hours we've all been together. I'm not.
Starting point is 01:59:21 I'm actually super bullish on America. It just has a few different. learning curves to go through like this money thing that I just mentioned in patriotism being too fused with it but ultimately I think with what's you know remember El Salvador has two embassies currently to Bitcoin embassies Switzerland and Texas America through the genius of the federal contract does have jurisdictional arbitrage within its own borders and it does exploit those currently like when people are been recently saying oh national divorce in America why that's
Starting point is 01:59:55 That's why we have different states. Just go to a different state. You don't have to have a divorce. You literally live in the biggest mansion on earth if you want to talk about cohabitation of families. You don't need to divorce. Go to the other wing of your 20,000 square foot mansion and just don't talk. You can do that in America. The country is big enough.
Starting point is 02:00:12 I imagine a renegotiation of the deal between, because Washington, D.C. is a fiction, right? It was created to win a world to. The idea of it was created to win a world to. It existed in reality before. that, but the analogy I use is we basically kept the machines that won World War II running. You never shut anything off. We never shut off the aircraft carriers. We never shut off the bureaucracy. We just kept the whole machine humming just in case, right? Just in case, right? Now, that's a whole other story. We were supposed, you know, Edward Bernays. I don't know if you
Starting point is 02:00:43 guys know who he is. He's the guy who wrote the book Propaganda. He was Sigmund Freud's nephew. And he invented the habit of smoking for women in America. He literally invented it. It was he understood psychologically that women wouldn't smoke because they looked licentious. So what he did was he hired a bunch of models for the July 4th parade in New York City down Fifth Avenue and told the New York Times there will be women lighting lamps of liberty at whatever time. Bring your cameras, right? So they show up with their cameras and they're like all these beautiful women, right? Well, they went crazy and overnight women became smokers because Suddenly it meant freedom, right?
Starting point is 02:01:24 Suddenly it meant freedom. Signed for his actual nephew, right? For real. Now they all vape. He was the guy who invented the marketing of nine and ten doctors, whatever, just nine and ten doctors like that. Yeah. Wow.
Starting point is 02:01:41 And he made a deal, not a deal. When Eisenhower was president, the deal was, and this is why Eisenhower warned about the industrial, military-industrial complex. He was supposed to demilitarized. but keep us as consumers in order to re-militarize if we need it because the point was to keep the manufacturing base going so that if you needed to pivot, you could.
Starting point is 02:02:03 And Edward Bernays was down with this. So he said, yeah, let's make them into consumers. Let's do it. Let's pump it, right? Let's go. And that's where all this stuff, particularly with the American mother, you know, the washing machine, this, this, this, to that, and da-da-da-da.
Starting point is 02:02:19 So that's how the federal government says. Now, we got the worst of both worlds because it didn't work out the way Bernays and Freud, sorry, Eisenhower intended. The way they intended was, you know, manufacturing and military. We got the worst. We stayed militaristic and got rid of the manufacturing. We stayed consumers and didn't actually make anything. So it was a disaster all around, right?
Starting point is 02:02:44 But the point is that whole construct of D.C., of Washington, of the federal government, can actually be turned off by the states, and they will turn it off. They can't keep running. It's too expensive. And the logic of violence comes into play here. We will see, I've made this prediction of my show from the very beginning.
Starting point is 02:03:03 I made this prediction of my show before the Russian invasion of Ukraine by saying tanks are done. Forget them. There's no such thing anymore. Just forget them, right? They don't work. And, of course, we've seen them get destroyed.
Starting point is 02:03:15 You're going to see an aircraft carrier sink into the sea in the next couple of years with all the beautiful billion dollar F-35s on the deck and it'll just sink. It's just going to, because it'll be sworn by drones that cost $25 a piece. And they're going to sink the bugger, right? It's going down. And you're going to watch it and you're going to go, oh, my God. And you're going to say these things don't work anymore.
Starting point is 02:03:36 So in the end, what's going to happen is the actual states will renegotiate how they interact at the federal level. And I believe, because we can't really deal with China and everybody else, they're going to more or less remake the manufacturing base in China, between China and El Salvador, at once solving America's immigration problem, at once solving many problems for America at the same time. And all of these other countries, you'll have a true Monroe-type doctrine where the whole continent. Your state of Alberta is going to join this new deal, by the way. Canada ain't going to make it. I can imagine. Whatever new deal they offer to be part of the union.
Starting point is 02:04:16 And it's not going to be exactly as we recognize America. It will be different. But they're going to get their land bridge to Alaska. They're going to get Mexico. They're going to get everything down. And it's not going to be like us anymore. It'll be another version of American imperialism like we saw in Japan and Korea. And this time without the money, right?
Starting point is 02:04:38 This time without the military presence. It's going to be about trade. It's going to be about bilateralism. And eventually, you're going to be able to take a peaceful camping trip in an electric type of tricycle or golf cart all the way from Alaska, peacefully all the way to Tierra del Fuego in Argentina, and you'll be met with peace and happiness and smiles the whole way. And El Salvador will be seen as one of the reasons it's even possible, right?
Starting point is 02:05:04 And we'll tell stories about the terrible times when everyone had violence on their mind and robbery on their mind and all these other officers. Well, that sounds fantastic to me. I feel like that's something I would, I wouldn't mind road tripping directly from my home all the way down to South America with with no troubles and not having to deal with a load of little bullshit on the way. But I shall cross my finger.
Starting point is 02:05:30 I want to do something. I'm going to start rounding out quick, but I want to get thoughts from Anon and then Mick, and then we'll do a round of final thoughts really quick before we start wrapping. So Anon, I'm going to let you tag in anything that you had thoughts in around. Yeah, absolutely. It was wonderful listening to Nolan and the way he's describing where the world is going. But what I want to hone in on is the energy part again.
Starting point is 02:05:54 So there's always a confusion between what is digital and what is imaginary, right? Everything digital is not imaginary. And Bitcoin, for all we know, is the most real thing there is. And what makes it real, though it being digital, is the energy. component is the tethering of the digital realm it lives in with the real world physical real world we live in that is energy so actually having some control over energy having some sane energy having you know owning energy the the production of energy not just like the utilization of energy is actually a very very big deal it's not something that is obvious
Starting point is 02:06:40 it's not something that is intuitive, but that is that is what really makes the difference. And if we get that even, you know, partially in under control of bitcoins, it's going to be a big thing. So absolutely, absolutely an important point. Awesome. I'll toss it up to Mick as well. Do you want to tag in anything on this topic? Yeah, just just, yeah. I think I agree about that when it comes to the.
Starting point is 02:07:10 the challenges. I don't think about El Salvador kind of running circles around the United States now with the story of reacted that I didn't know about. But also the other news, right, that I don't know if it's not applied yet, but Biden wants to have a 30% tax on Bitcoin miners of Bitcoin.
Starting point is 02:07:31 So it's like you're not only competing and doing horrible job, you're also literally kicking people out. So yeah, it's, it's, It is what it is. But yeah, agreed. I mean, energy is so critical and there's so much misunderstanding. So hopefully some of these movies like 30 coin will help out push the message. But yeah, I think, yeah, I think it's going to be, you know, just it's going to be, they're going to use every tool they have to keep denigrating the idea of Bitcoin, right?
Starting point is 02:08:06 Really, Bitcoin has a powerful tool as this weapon that. that goes against whatever the state stands for today. And they will use the ESG, right? They will use a waste for a card. And, you know, until they understand that the value position of Bitcoin as a whole. So, yeah, it'll be challenging, but we have to keep going. Yeah. Yeah, I agree.
Starting point is 02:08:33 You know, as we've alluded to the entire show, it's not going to be a smooth ride getting there. but I think as we've all seen, you know, clown world is in self-destruct mode. Like they're not doing themselves any favors. And, you know, in terms of like the Biden 30% thing, it's nice to at the same time see individual states enacting things that encourage minors to come. there and understanding the benefit that bringing minors to your state can provide in grid stabilization and just again revenue everything like that um and i think i think more and more people will see that hopefully biden doesn't go and stamp that out by blanket federally saying oh here's how it's going to go
Starting point is 02:09:30 if you're in the united states uh i think you'd see a lot of pushback from that on a state level um and i'm And I'm bullish also on seeing the similar sentiments in and around that kind of stuff here in my home province of Alberta. I see I see people in the in the comments. Alberta is calling, you know, Steve Barber is here from upstream data. So he, you know, he's rolling out all kinds of stuff here. So yeah, it's great to see kind of what's what's happening in and around that stuff. By the way, if you're in Canada and you're not super satisfied with where you're at, maybe check out Alberta.
Starting point is 02:10:07 Come to Calgary Hill. Come to the Bitcoin-only meetup. I think that would be a lot of fun. But nonetheless, yeah, we're going to see how this plays out now that there's an accurate measuring stick for value provided to humanity. And we're going to see who actually is providing value for society over time. And as it proliferates more, it will become more and more pronounced as to. to what makes economic sense and what does not.
Starting point is 02:10:38 Because right now it's such a cluster fuck. Nobody knows up from down, right from left, west, from east. Nobody has any clue how to measure anything. And it shows. And so yeah, we will see how it pans out. So gentlemen, I'm going to have to start rounding out here, but really quick, we'll just go down the line. Any final thoughts that you may have.
Starting point is 02:10:59 And also, if you have like a recommendation of something you think people should check out, whether that be like a book, a video, a website, an app of anything that you think might be useful for people, feel free to toss that in as well. In terms of my final thoughts, again, we're seeing the cracks, or rather, we've been seeing the cracks for a long time, but it's refreshing to see other people go, huh, that doesn't quite make sense. Seems like something's odd there, because that's an opportunity. That's an opportunity to discuss. And you don't even have to necessarily go to down the Bitcoin rabbit hole right away.
Starting point is 02:11:37 But when people start noticing that stuff, you can, you can start basically the discussions around money that you began to learn as you got into Bitcoin, the rabbit holes that have led you down. You can start with those discussions and then eventually get to Bitcoin. You don't have to go there right away. Single step is, is all you need when you get started on your journey. So, and in terms of any recommendations I might have, just because I was talking to him today, I'm going to recommend Eric Yakes wrote an excellent book.
Starting point is 02:12:11 It's called the seventh property. It is very, very good. The seventh property, it's called Bitcoin and the Monetary Revolution. It goes a lot into depth in regards to monetary history, in regards to how the money system works today, in regards to the guts of Bitcoin and how it works, and then the kind of like the ethos and the theoretical and the improvements to society that could,
Starting point is 02:12:35 from it. I would say this is, it's a more in-depth Bitcoin standard. It is probably one of the best Bitcoin books I've read. So if you haven't read it, grab a copy. It's a fantastic read. So yeah, go do that. Anyways, I'll toss to Mick first. Any final thoughts, anything that you didn't get to say. any recommendations i think i could guess where you're going to send people but go ahead no guys it was it was an honor to be here it was a lot of fun as a great to listen to all of you i i think just just keep building right keep uh keep going at it keep creating value for the ecosystem obviously guys there's a place that's open for anyone um but um yeah i'm i'm sort of humbled to be, you know, to be able to contribute to this incredible space. And yeah, I'm just,
Starting point is 02:13:41 you know, let's bring all these different tools together. Really have a lot of things in my mind spinning when it comes to energy, which is such a critical thing, but I'll leave that for another time. In terms of what we're going to take people, just because this week I read Linald's piece on what cause of financial crisis, I'd really recommend giving that a read because it just really breaks down why shit is breaking down. So yeah, give that a read and help you get up to do with what's going on. Yeah, so I'll leave it to that. It's getting a bit late here, so I'll let you guys get on with it.
Starting point is 02:14:21 Awesome, awesome. I love it, man. Anon, how about yourself? Any final thoughts, recommendations? Go ahead. Yeah, I would obviously take this time to request people and she'll keep her. So Keeper isn't beta right now, but I would request you guys to go and write out, give feedback. We have a bunch of integration with a lot of signing devices.
Starting point is 02:14:41 It's all open as then you can interact with any signing device you want. You can carry your multisic somewhere else. We have recently even integrated buys into it. So you can actually buy Bitcoin directly into your cold storage. So you want people to try these things, these features out and give us feedback. back. So yeah, that would be wonderful if you could do that. So yeah, that's that's keeper in front of you. It's a it's a multi-sicure wallet. We are working a lot on privacy. You can connect to your own node. You have Tor connection that you can enable a lot more coming in the privacy
Starting point is 02:15:18 space. You take some management and some really interesting stuff, which I want to go into right now. Yeah, inherent support right like rounds it off altogether because if it is generational wealth, you want to protect it for generations not just for yourself so that's that's essentially the product which I would you know again request you guys to try it out and send feedback you just shake the app and it it gives you a form to send a feedback to the so that would be really nice I would also kind of just take a minute to talk about Bitcoin for India so yes that's that's a that's a community thing I'm also involved in like the grassroots piece so that is another thing you
Starting point is 02:15:59 I should look into this is a Bitcoin-only conference that we held last year and again this year we'll be holding another Bitcoin-only conference in India. So that's again our, you know, our contribution to the community. So any help there, any recommendations, any suggestions, that would be really amazing. Yeah. So if you won't have an impact or, you know, Bitcoin impact and you have 1.4 billion people ready to listen, then there's no better place. So yeah, look at the product, look at the community, help out, spread the word.
Starting point is 02:16:35 That's it. Thanks a lot. Awesome. Those websites, by the way, if you're listening, Bitcoinkeeper.com. Is that right? That's right. And then the website, Bitcoin, the number four, India.org. So if you want to check out either of those, you can find them. Awesome.
Starting point is 02:16:54 And Nolan, I'll let you have the final word here. thoughts recommendations go ahead my so yeah come join my show some time the breakup i wrote a poem where i adapted the greatest breakup song ever by bob dillon you'll go your way and i'll go mine to bitcoin uh i just can't do what i've done before i just can't save usd anymore um how does it go uh i'm gonna let bucks passed yeah and all stack sets and then time will tell just who has fell and who's been left behind when you go when the u sd goes your way one way and i go mine quick one and i'll recommend to anyone out there the crypto couple i don't know if you guys saw it today carla came up with money money money the aba songs it's the most persuasive i mean i did an hour long show this morning or
Starting point is 02:17:48 three shows this week about the whole thing and she got it all in the one you can watch three hours of my from mornings with some pretty good boards and some stuff, or you can watch her one minute video. That's why she's getting so much money on so many tips on Noster, because her content is so good. And she will be a emcee and have, so you'll see her all day on May 19th, the second day of the show.
Starting point is 02:18:18 She and Walker, her husband, will be the emcees that day. She'll also be on a panel about this whole world of how, royalties and content creators and how all that stuff starts mixing together and all that kind of stuff at Bitcoin, 2003 in Miami, May 18th to 20th, the biggest Bitcoin show in the world, sponsored, hosted by Bitcoin magazine. Everybody comes. It's going to be a great time. Awesome.
Starting point is 02:18:45 Well, yeah, it's, I'm excited to get down there. It's going to be a lot of fun. I have no idea what I'm doing it. But maybe you can send me a message about that. I have no idea what. Yeah, I think I got you on, so there is a bunch of sessions on education. So we've got Seifedean, who's going to be with Corey DeAngelis, who's like a big organizer for charter schools. So it's just about systems and how to learn.
Starting point is 02:19:11 And what I'm trying to set up in that morning is that actually Bitcoin meetups are the greatest financial literacy education platform that's ever been created. Because my only thing about charter schools and all that is making the parents, the client, right, that's good, but you still need parents. You still need two really good parents. And that's great. A lot of people have that. But ultimately, if we're going to get anywhere in society, we actually need a system that puts the students for once and for all as the actual client.
Starting point is 02:19:44 And, of course, in our system, the government is the client. So that's the one they're all trying to appeal to, so that doesn't work. And I like the idea of this charter system. It's great. It's going to go somewhere. but there's still one level left, so you've got to come help deliver that point of view. So I think that's where I have you. And I think it's going to be also just sort of like a lot of what you do in this like reading
Starting point is 02:20:06 list type of stuff. Like here's things that taught me a lot. So I want to be able to put a few folks like you who are professional educators in the space that know about meetups and that can bring that whole meetup culture to the forefront. Because I do think that Bitcoin meetups are an innovation in education and are actually the next level of how we're going to influence the world, right? The energy stuff is like we did the Wall Street thing. We're going to keep doing that.
Starting point is 02:20:30 We got the energy thing coming, but there's another thing coming next and it's education. And so we want to have some good content around that. Trying to get Governor DeSantis to lead that session at the morning, only because not about his Bitcoin stuff, he made financial literacy mandatory for high schoolers to graduate from Florida high school. So we want to highlight that as a great thing. And he's got some other thoughts on Bitcoin. He might run for president.
Starting point is 02:21:01 So we're trying to get all. We've got Vivek Ramoswami coming to. Anyone who's running for president, we think come and tell us about Bitcoin. If you've got other stuff there too, we want to hear about it. I've been after RFK Jr., who's also running now. It would be great to get him orange-pilled. We're doing our best. Orange pill and presidents.
Starting point is 02:21:20 Awesome. All right, gentlemen. I'm going to say a huge thank you. Thank you so much for being here. It was a blast. You're all welcome back anytime. And everybody watching, make sure you go follow them.
Starting point is 02:21:31 All their Twitter handles are listed in the show notes down below. So, guys, thank you so much. Have a wonderful Friday and a great St. Patrick's Day. Thanks, guys. Likewise. Thank you so much, guys. Had a great time, everyone. Thanks.
Starting point is 02:21:42 Yes. All right. Everybody, thank you so much for being here. Of course, we were talking about the Bitcoin Conference in Miami. That's coming up quick. We're less than, we're like two months out now.
Starting point is 02:22:00 And so that is happening. Miami Beach, Florida on May 18th through 20th. Yeah, tickets go up in regular intervals in terms of price. So if you haven't got tickets already, snag them as early as you possibly can.
Starting point is 02:22:14 That will be helpful for you. Nonetheless, you can add to B.TC slash conference. And you can use code B. ETC sessions for 5% or sorry, 10% off your tickets, which can be helpful. If you're unsure, if you're going, I'd say it's safer to grab a ticket earlier and then just resell it before the conference, which shouldn't be a problem if you need to. And yeah, that's that. Also, while in Miami, if you're down there early, I'm running my cold card workshop.
Starting point is 02:22:41 It is on May 17th. That's a Wednesday, 1 p.m. to 5 p.m. We're going deep dive into this thing. So that's going to be like very beginner stuff, getting. the thing set up, doing transactions, backing up, restoring it, all that kind of stuff. But then we're also going to dive into the advanced features of it. We're going to be diving into BIP 85, all these different account systems. We're going to be doing all kinds of crazy stuff.
Starting point is 02:23:06 And so you'll learn not just the basics, but you'll learn about some of the advanced features that some people don't even know exist with the cold card. And there's a lot. So you will walk out of this thing being a pro star with your cold card. You can grab tickets on my website, BTCSessions.ca. It's over on the right-hand side under in-person workshops and you'll find the Miami event there. And I think that's it. Yeah.
Starting point is 02:23:30 With that, thank you guys so much for being here. Like, subscribe, share, all that helps. You can hit up the previously mentioned sponsors, hoddle, hoddle, coin kite, nunchucks, start nine. You can grab tickets for the conference. Or if you really liked what you saw, I can drop a Bitcoin tip at my strike page. You don't need strike to use it. just head there type in any amount hit the tip button you'll see a lightning invoice uh and if you choose you can tap to the right you'll see a regular bitcoin QR code with that i'm out have yourselves
Starting point is 02:23:57 a wonderful day or evening wherever you may be see you guys next time for your daily session we have btc sessions bitcoin is after your money you can't stop it get yourself some bitcoin and hold it yourself pure to pure exchange you know people are going to organically come to it and towards it, especially in the world we're living in now. It's incredible, it's a great tool, and I can't wait to see it proliferate everywhere.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.