BTC Sessions - WHY ARE WE BULLISH? Max Keiser, Stacy Herbert, Dennis Porter, Dread ep181

Episode Date: June 27, 2021

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Wasabi wallet and fairly private. What is going on, everybody? Welcome to another edition of Why Are We Bullish. Best part of my Friday, very excited to have you all. There's already 130-some people in here. Smash that like button, give this a share. We've got a killer panel today. We've got some great friends.

I will introduce them as they come in, but we're going to get this thing rolling. Always, of course, this is live. Anything can happen. So I defer to my friend Bill here. We'll do it live. We'll do it live. Do it live.

I'll write it and we'll do it live. Everything sucks. All right, we're going to get rolling. I think you guys already know who's going to be on. But again, give this a share. Let's get a ton of people going here. Happy Friday. As always, I am Ben with the BTC sessions.

This is your daily session. All right, before we bring in our friends here, let's take a quick look at where we are in the market. We are sitting at $31,679 per coin. A single U.S. dollar will pick you up 3,158 sats. Stack them while you can. 89.25% of all Bitcoin have been mined. And in terms of fees, next block is going to cost you around 55 sats per byte. If you're willing to wait an hour, two sats per byte might do you? Not bad. And one of the notable thing we've seen, and this is going to be a little bit of one of my topics that I want to talk about today, but we've seen a lot of migration of miners and everything. And we're going to see an estimated difficulty drop of almost 21% it looks like over on bitbo.io here. And that's looking to lock in around June 30th. So you could see some faster blocks around that time, some cheap transit.

actions if you're looking to open lightning channels or move around some funds. So be sure to check that out. Now, of course, before we bring in everyone, shout out to sponsors the show, lend. dot I.O. You can use this for a variety of different services. In particular, if you're in a pinch and you need dollars and you don't want to sell your Bitcoin because why the hell would you want to sell your Bitcoin? You can deposit, get a loan for dollars.

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don't back up your wallets on paper guys. Get them on solid steel on the bill foddle. This is how I back up all of my important Bitcoin wallets. You don't want it to burn up in a fire, water damage, or accidentally throw the damn thing out. Probably not going to do that with solid steel. Anyways, enough with that. Let's get the people in the room that you guys came to see.

We have Mr. Dennis Porter. We have Max and Stacey. And we have Dred. Welcome, everybody, to the show. show. I'm going to go down the line really quick and let you guys introduce yourselves and then we'll get this thing rolling. So I'll pass it over to Dennis first. Dude, can you just introduce yourself what you do? And yeah, I send it to you. Yeah, Dennis Porter, just another lame podcaster over here. You know, when you get addicted to Bitcoin, you feel like there's a strong urge to constantly talk about it. And one of the

ways I thought I could maybe do that was start a podcast. So I started one called Smart People shit. I'm also very active on Twitter. I love to share my base narratives that I try to come up with. But that's pretty much all it is about me, just trying to spread the good word of Bitcoin to the people. Awesome, man. Thank you for coming on. And you've been integral on clubhouse,

having some great conversations there and on spaces as of late too. Yeah, I cut my teeth on Clubhouse and on spaces, but eventually had to start a podcast like all the good Bitcoiners out there. Soon we'll all just be podcaster. everybody. Dread, man. It's good to have you on for the first time. Can you please let people that are unfamiliar with you, let them know who you are and what you do? Yeah, I mean, I'm just a pleb. I'm a Jamaican digital nomad. I've been in tech for most of my career, but fell on the Bitcoin rabbit hole and haven't looked back since, you know, they say Bitcoiners are unemployable and I've

kind of become that way. So now I just kind of travel and find out where Bitcoin is all over the world internationally. And that's really my focus to see how financial inclusion can be accelerated around the world. And that's my passion now. And I educate people everywhere I can go to make that happen as well. Awesome, man. Well, it's a pleasure to have here. Very excited. Let's go down the line. I'll toss it to, I don't know if you guys are going to do this separately or together, but Stacey and Max, take it away. For anybody that has no idea who you guys are, if you're living under a rock, please let them know. Right. We're Orange Pill podcast where you find relentless optimism and Renaissance 2.0. We started covering Bitcoin back in 2011 when it was

$1, especially this guy. He figured it out. And he's been a lunatic for Bitcoin ever since. And we get more and more bullish. What else you have to add, Max? I am Mr. Stacey Herbert. and I do a podcast with her called Orange Pill Podcast. Padcast. And everything is good. That's awesome. Awesome. Well, everybody, welcome to the show.

This is Why Are We Bullish? Very, very simple. We live by the three R's. Somebody's going to give a reason why they're bullish. Altogether, we riff on that reason, and then we rotate to the next person. Very, very easy format, very chill. and it's the favorite part of my week. It makes Friday's fun.

So I'm going to get us rolling on a topic while I'm feeling bullish this week. And this has to do, funny enough, with the mining ban in China. And the reason that this is making me bullish is because it's destroying some fud narratives that have been big. Number one was the fud narrative

that China controls Bitcoin. And that very quickly goes away when they, ban it and Bitcoin keeps on ticking. And the other thing is the, I guess kind of along the same lines, but there was all this narrative around, well, too much of the hash is in China. And now we're seeing that hash basically opt out of that jurisdiction. They're doing jurisdictional arbitrage. And we're going to see that hash rate temporarily go offline and then just relocate to where they're treated best. And so we're seeing these two different approaches to hand

handling Bitcoin, one in China where it's like, hey, we'll just ban it for the umpteenth time in a different fashion. And then we're seeing the opposite places like now El Salvador, where they're adopting it as legal tender, but they're also looking at encouraging people to come there and start mining with geothermal. And so we're seeing hash rate migrate to places where, again, they're treated best. And it's kind of that sovereign individual thesis of in a digital world, people will just go to the jurisdictions that make the most sense. And nation states will start having to entice people to come to them as, as quote unquote,

customers instead of subjects. So I'm very excited to see this play out. I don't think the world realizes what's happening. They just see an action of a state. They don't see yet the fallout and the opportunity cost of those actions. So I'm going to open it to the floor here. If anybody wants to chime in on that subject of jurisdictional arbitrage and this kind of decentralization of Bitcoin mining hash power, does anybody want to jump in? Does anybody have thoughts?

Yeah, yeah, I'll jump in. So there's so much going on there. And one of the things that was remarkable was the president of El Salvador doing his BT sessions like demonstration of how to use a wallet. And I had flashbacks to eight years ago in some Andreas Antonopoulos video. You know, it's come full circle. So now we've got presidents essentially going through and how to explain what's going on. And it's really, it's breathtaking. You know, so, you know, been in this for 10 years.

And it's always so many things have happened that have been remarkable and dumbfounding, you know. And yet again, you know, Bitcoin has served up a moment that like takes your breath away and is dumbfounding. Like, Jesus, what is going on? And so that was my big takeaway from that particular news event. Yeah, I love it. Does anybody else have thoughts on on what's going on with the mining ban and move of hash power?

Oh, yeah. I mean, for me, it's a pretty incredible event that's occurring going along with what Max is saying here. And it kind of reminds me of how eyeballs were attracted to the space back in 2013 with Silk Road. And inevitably, people are going to stick around and realize that Bitcoiners have the best arguments. The same thing happened in 2017. with big blocks versus small blocks and the war between, you know, Bitcoin, Bitcoin Cash. That's what really galvanized me to begin searching for how to engage and how to be a part of the community and how to support Bitcoin any way I can.

And I see that same thing happening in 2021 with this energy fud and with the great China exodus. So I think there's a lot of people that are going to start paying attention. And some of those people are going to be great members of the community moving forward, promoting Bitcoin. Yeah. How about you, Dred? Do you have thoughts on this? Yeah, I mean, to me, it feels from my side like almost a gold rush of miners because these miners are all leaving China now.

And it's almost like, you know, you want to talk about infrastructure week announcement. Like they have to build infrastructure globally now to handle these miners. There's not enough infrastructure to produce the power for them to be plugged in right now. Right. So the incentives are just there to grow and grow and grow and find new places for energy like El Salvador that has an entire volcano, you know, to get some energy out of. And being there in El Salvador was just amazing because I saw that it was a ground-up movement. It wasn't like some head of state or some World Bank or some bullshit IMF came along and said,

you should do this. It was people on the side of the road and on the beach selling papuosos for Bitcoin that made this happen. So I'm so bullish that the ground-up swell made infrastructure on mining for volcanoes happen. I love that. Stacey, do you see the actions? from China, pushing miners out of Bitcoin expediting the sovereignty of nations like El Salvador? Yeah, sure. I have two points to make on that, which is, it's interesting that we're about to have the 50th

anniversary of the U.S. dollar global fiat system. You know, when the U.S. took us off the gold standard in 1971, you know, going off. a hard money standard required the most powerful biggest nation to do it. And here, going back on to a hard money standard, it makes sense now that I think about it now that I see it, that it would be one of the smallest fiat economies in the world that brings us back onto it. And that small, tiny economy is going to bring the likes of China and the U.S. eventually. They might not do it today they're going to resist, but it will eventually bring them. Now, in terms of the mining, this is what, you know, the Bitcoin community, all of us podcasters and stuff have kind of

been forecasting this, signaling that this is coming, right, is all that stranded energy out there in the world. This has been a big topic over the last few months. And here we see a use case, a real world example of this, that all these nations in the world that haven't been as lucky is America in terms of the size and the resources we have. We do have humongous resources that can be transported easily to market. Well, places like El Salvador, Paraguay, with their hydroelectric, we're going to see that stranded energy be converted to hard money and that's going to be really fascinating to watch. Very exciting. Very excited to see this. I'll round this topic out. I'm very excited to see how this plays out on a global stage and see who clues in first. Stacey,

I think you're right on point that that idea of a huge kind of powerful head of state basically dissolving a hard money standard so that they could more or less take advantage of the ability to print at will, whereas the most disenfranchised clawing that back because they've been so hurt by that action 50 years ago. It's beautiful to see it play out because it's going to start with one, but that's just the first domino. So very exciting. Yeah.

And also thinking, let's say you own a gold mine somewhere. And the government tells you to shut your gold mine down. You're maybe doing 10 tons of rocks a day you were processing. And so you get an airplane. and you pick up 40% of your gold mine and you fly to another country. Now, is that possible? No. Well, here you have Chinese miners.

The government says you've got to shut down. And within a day, they move 40% of it out. It's gone, leaving on a plane. And once again, you know, Bitcoin versus gold, right? You know, gold has jurisdictional risk. That's always been a problem. With Bitcoin, you don't have that jurisdictional risk. You can always be mobile.

You can always go to whatever jurisdiction. The blocks kept coming. It wasn't any interruption. No interruption at all. I mean, it's like, okay, I'm going to move my hydroelectric dam. I'm going to move it. 3,000 miles away. No, that's not going to happen.

Oh, I guess what? I'm going to move half of this 170 quintillion processing per second network, the center of gravity. 3,000 miles away tomorrow. Okay. It's entirely possible with Bitcoin because you don't, all you need is energy. And there's a lot of energy on the planet. And there's a lot of wasted energy.

One third of all energy on the planet produced is waste, right? It's a crazy statistic. And, you know, Bitcoin could 100x in hash power and still just be taking up a portion of the wasted energy. One other quick, you know, film reference. The Warner Herzog made a film, I believe, is called Fitzcaroldo. And part of the story of the film is they have to move a ship over a mountain. And so a lot of the film is dragging a ship through the jungle. And it's like, that's the way things were 100 years ago, 200 years ago.

It's like, oh, we have to fight the enemy. We have to actually drag our ship over a mountain. You know, like the whole world was bound by gravity. everything was defined by gravity and then we started to fight gravity with air travel and now we're fighting the gravity of gold with Bitcoin so we're taking gravity away taking gravity out of the picture

you would think Elon Musk would understand that because his all business is fighting gravity with rockets you'd think you'd get it what's wrong with that he's fired in incapacities I don't know I don't get it yeah he he needs some help maybe maybe he'll maybe he'll hit up that B word presentation that's happening next month and get a clue, but I'm not hopeful. We'll see. Okay, awesome. So let's round out that topic. That was awesome. Thank you all for your input.

We've got like 350 people in here watching live. Everybody smash that like button, give this a share. Keep those comments coming too, because I'll try and pull them up when I see one's relevant to what we're talking about. But I'm going to pass it down the line now. I'm going to pass it to Dennis here. And I'm, dude, I'm just going to ask you, what has you feeling bullish this week? Well, the one that you chose was definitely my number one topic, but I was good to come with multiple just in case somebody stole that one. But for me, something that really has me extremely bullish is the fact that myself,

someone who's a total newbie in the space and who just got started five months ago trying to spread the word of Bitcoin, can be up here next to absolutely legendary people who are doing groundwork like Dred, but also Max and Stacey, who have just been spreading the word of Bitcoin since the very, very beginning, have been talking about it and have been expanding our knowledge on Bitcoin for a very long time, just super pumped to be able to be on this show with you kind of people, because what other industry can you go into, and five months in, you're sitting next to some of the best people in the space?

So absolutely super bullish on the fact that Bitcoiners are very good at hiring from within. If you decide that you want to go out there and talk about Bitcoin, and help people understand this new technology, this new amazing, incredible savings, world-changing technology that you too can quickly be up here next to some of the other great people who have been talking about it for a very, very long time. I don't see any other industry doing that. I don't see any other space like that.

There's so much turf protection. But here in the Bitcoin space, people are always willing to come on your podcast. I've had incredible people already come on my show, just first chance, just asking them. You have invited me on this show. This is my second time up here now. And so it's just incredible to be a part of the,

this community. I would totally echo that. Bitcoiners are very, very open to conversation. And one of the beautiful things I find with them is that they're, they celebrate ideas rather than specific people, right? Like if you've got fantastic ideas around Bitcoin, it doesn't matter if you've been around for a decade or if you've been around for a few months, people will celebrate your ideas. And conversely, if you have a bunch of shit takes, then don't let the door hit your ass on the way out, right? And so, you know, Bitcoiners are, they, they want the conversation. They want to hash out good ideas. They recognize bad ideas and, and will often very astutely point them out. But that's, that's part of being here. And I wouldn't have it any other way. So I think it's

absolutely true that Bitcoiners are very open to newcomers and having those important conversations. I'm wondering if Dread, if you've had the same kind of experiences with Bitcoiners in your affairs here. Definitely. And I would even take a step further to say, you know, that even across languages, across cultures, across races, across geographic locations, you know, there is a Bitcoin society that just automatically connects with each other. Once you have the value that a Bitcoiner has, the monetary policy, of course, is what we all have a base layer on

and that builds a certain level of civil respect, I guess you can call it. And I've seen that just consistent with every single Bitcoiner I've met. And to me, it's almost like that, we call it Bitcoin Society today, but tomorrow that should just be society. I mean, we're not walking around,

around saying that, yeah, you know, if you think that murder is great, I'm just going to hang out with you because that's your value and that's my my value is that murder is bad. No, like, my murder is bad. I'm not going to hang out with you. And I feel like Bitcoiners feel that way about our monetary policies, about the 21 million fixed supply, you know, like certain things you just don't negotiate on it. If somebody doesn't believe that, then I don't really have much to say to you. And that might be toxic, but to me in the future, that's going to be normal. And, you know, I really feel like to Dennis's point, that that's what, makes our community so strong because I don't have to know who you are to know that we see eye to I at a base level and I can trust you at that base level. But anything past that, I don't trust, I verify and Bitcoin makes sure I can do that easily. I totally agree. As you were talking also, just I'm off on a bit of a tangent here before we continue down this road. There is a hair competition going on.

I see somebody pulling for Stacey and somebody else pulling for me. So we're going to have to hash that out by the end of this. We'll have to get some votes in the comments around that. But Dread, excellent comments there. Max, Stacey, both of you've been around for quite some time in the space, just helping people understand Bitcoin. And you've come across a lot of people, right? A lot of people have come, some have gone.

But you've been very, very gracious in accepting newcomers. that are going down the Bitcoin rabbit hole under your wing and trying to teach them. You've been nice enough to come on here a couple of times and you've always been super nice to me in person. Whatever have your experiences been with new Bitcoiners this time around, like this, this kind of Bitcoin epoch with newcomers coming in? What's the experience has been like meeting new people? Are there some notable nobs out there that you've had good experiences with?

Well, to follow up on what Dred was saying there, what he's describing is a certain feeling of uncompromising. And so as Bitcoiners, we can be uncompromising. We can have very strong values. And this leads into another point about the different mix of Bitcoiners coming from all different groups. One that was not mentioned is generational. So I'm very much a boomer. And I'm probably, you know, Stacey's Gen X. And, but as a boomer, there's probably less than 10 boomers in Bitcoin.

And so, so I, I'm able to talk to millennials and Gen Z about Bitcoin. And, you know, so that generational divide disappears as well. You know, I don't feel 61 years old when I'm talking to millennials about Bitcoin. It's like, you know, we're just talking about Bitcoin. So there's that to it. Um, the, um, the, it's interesting that people have come and gone. And, um, and, and so from, from my perspective, it's, um, it's, it's, it's, it's all about character and, you know, Bitcoin is a mirror. And it, it shows you who you really are. And a lot of people can't accept it. And so they try, they, they, they, they, they, they, they, they, they, we don't see them or they, they, some of them. And, and then, and, and, they, and. And they, and. And they, tragic endings. Some of them just disappear. Some of them try to create hard forks and declare themselves king of Rat Island or whatever. But as far as the newbies that come along, you know, especially,

we saw it, I guess, I'll just say this. You know, we saw it in 2017 during the Seguet adoption. So at that time was really the rise of at that time, World Crypto Network, which was Bitcoin programming. So up until 2017, it was Max and Stacey from 2011 and 2017, we were pretty much the only ones on network television doing Bitcoin. So then when that show started, it was really the first time he had another generation appear. And then when I see Jack Mahler's on Fox Business talking to Liz Clayman,

about Lightning Network this week. That's like another generation. So now we're into our third generation of media and Bitcoin, which is always from our, for me anyway, I can say, you know, it's always very fascinating because that's mostly we've known for the media aspect of this industry. So, and to see Jack Mahler's be able to completely dominate a conversation as he did and reframe the conversation in ways that,

get his points across is like highly professional you played bill o'Reilly at the beginning of your show i mean it probably took bill o'reilly 10 years to figure that out but here's like a young bitcoiner who's already fully in the saddle and riding the beast of the media with great ease and that's interesting and great to see and and um so it's all and we learned from it too so it's totally um interesting interactive. You know, we're always learning new stuff. And I learned a while ago that, um, that the stuff you're always learning is, is so fresh all the time that you have to be humble. If you're not humble, you will be humbled pretty quickly. So I try not to be too much of an asshole, even though a lot of people might argue that point and say, hey, why are you such an asshole?

The fact is, I could be a much bigger asshole than I am now. In the spectrum of Bitcoin asshole, I think you fall short of the top. So I think you're in like the golden zone. Exactly. I try to stay one notch below. Complete asshole. I think like the high end is like Dieter is probably where we're sitting. But we'll see.

I love your point about Jack though, because Jack, I think part of it is the adversarial nature of Bitcoin itself. You're always, again, don't trust verify. And if you see bullshit, you call it. And so he takes that experience of like Bitcoin Twitter and he takes it to a network news interview. And as soon as he hears something, he's on it. No, no, no, wait, wait, wait, wait.

And he just, he cuts it off and and he gets the message that he came to give. And I love that about Bitcoiners. Yeah, I suppose, you know, one of my bullish themes kind of ties into what Dennis has just said. is that, you know, the thing that's bullish about this community is the fuck you attitude. You know, fuck Elon. Fuck Jack Dorsey. Fuck Michael Saylor. Fuck Max and Stacey.

Fuck us all, right? That's the thing is like at the end of the day for you as the individual podcaster, by the way, that's also liberating, right? Because like you're not like Jerome Powell who has to measure every single word he says that might disintegrate, you know, destroy the dollar. knows. So you could say whatever you want and the community says, yo, you know, back off. And you're like, okay, I guess that was a stupid idea. I expressed it, but whatever. And that's kind of like how we ended up finding Bitcoin so early because we were intentionally the opposite. We

had the first financial news program that said, fuck you, Jamie Diamond, fuck you central banks, fuck you all. Right. And that was the opposite of what financial news did then. And still does to this day, right? You're starting to see Bitcoin change them a little bit where they're starting to question some of this. But at the time of the financial crisis 2008, 2009, everybody's like, oh, I hope Ben Bernanke saves us. And we all have to be quiet. Like don't have, don't do Occupy Wall Street. Don't, you know, resist this. We need to save the system. Otherwise, the system is going to be destroyed. Where we were, our attitude was like, fuck them. Like this thing, like, they did this to us and and they're going to make it even worse. They did make it worse. So, you know, that just

being able to say, fuck that guy, I don't care if he's worth 200 billion. A lot of people say, don't upset Elon. He's worth $200 billion. You need him. It's like, no, we don't. Bitcoin doesn't need Elon. It doesn't need us. None of us. Like, that's the thing about it is, is like, you can't upset anybody, right? It's the opposite of the fiat world. Yeah, it's, it's, you know, back then it was very, uh, the, the rulers set the rules. So don't upset them. Now it's, it's rules without rulers. And the world is still coming to terms of that and pricing it into Bitcoin.

And, uh, and, and right now they, they haven't yet come to terms with it at all. They haven't figured it out. So I, I absolutely love what Stacey had to say there. I really do believe that Bitcoin encourages and will flourish. critical thinking and already has an independent thought. And I've noticed that even in myself, as I become more independent in creating my own content, whatever you want to call it, right, I've been able to have more like pure ideas. And I think that over time, this is really going to benefit the world dramatically because more and more people are going to be thinking

independently and critically and they're only beholden to themselves. And Bitcoin enables us to be totally free with our thought, which is going to create a better world in the end. So that's an incredible point, Stacey. Yeah, well, you know, you do think like, okay, I'm about to express a thought of this tweet. Are like Greg and Yellow and those guys about to make me a meme, a bad meme. Like you question whether you don't want to end up on the wrong side of the memes, right? Yeah. Yeah.

I mean, that's a good thing, though, too. It's like the autoimmune system at some point. There has to be some, you know, way to protect the community as well. But yeah, great. You definitely don't want to be on the bad side of all the meisters. That's for damn sure. I don't want some big dildos coming out of my eyes. And the beautiful thing about this is if you start getting memed, you have you have two courses of action.

You can double the fuck down or you can learn from it. And, you know, if you double down, it's not going to turn out well. If you take the opportunity to say, well, if everybody's piling on, where did I go wrong? Am I totally off base here? It's an opportunity to look in the mirror. I won't go too much further down that rabbit hole, but yeah. Anyways, guys. Compromise and being uncompromising.

You know, being compromising and making compromises, over time, it really destroys somebody. Over 10, 15, 20 years, all those little compromises you make over extended period of time. And you end up in a very different place than where you would be if you hadn't made those compromises. You know, I think of this analogy, you know, the ship starts out. And just one degree changing course over the course of that voyage, you end up in a very, very, very different place than where you set out. And this is a bitcoins can afford to be uncompromising. As a matter of fact, they get paid to be uncompromising. Think about that.

Everything else before this has been paid to make compromises. I'm willing to be a part of the system, even though I know the system. is corrupt. I'm making a compromise because I want to have a certain status or something like that. With Bitcoin, that's a different paradigm. And it's producing different types of people. Millennials and Gen Z, who are Bitcoiners, are completely different than the generation I grew up with.

Completely different. You know, we grew up with fake it to you make it, you know, shop to your drop, conspicuous consumption, right? And look at these millennials. and Gen Z's on Bitcoin. It's hoddle, save, I'm selling my chair to buy more Bitcoin. Right?

Think about how different that is than fake it to you make it or shop to you drop. It's completely different, right? So savings creates integrity in a lot of ways. And integrity is priceless. Yeah. The other day I saw Sean Colkin, NFL player, tweet out,

I buy all my, I buy all my clothes at Target and I'm proud of that. So like, you know, it's, it's the hoddle mentality. Like, do I need this trinkety shit or do I want to stack some sats?

And if I am making a purchase, is, is it something that, um, is going to benefit my life in the long term. Do I truly need it? Um, and so I love this,

this, um, pushing out of the mentality of the mentality of, of consumerism as something trendy. And now thrift is becoming trendy again. And saving is becoming cool again. And I love that about Bitcoin. Yeah, somebody responded to Sean Culkin when he tweeted that and said,

you mean Tarje? Do you guys have Value Village in the States? Is that a thing? Okay. So in Canada, there's like a used clothing store called Valueville. You can like donate stuff. But same kind of thing instead of Tarjeet and instead of Value Village, they say Valuvalage. And it's very, very trendy up there.

I love that. Okay, so I'm going to keep this rolling. Sorry, Dred, take it. Take it. Yeah. I wanted to add to how all of us Bitcoin is in the community say, you know, fuck you, Greg, or fuck you, Elon. But it's also, you know, fuck you to the goals that we used to believe we need it.

I mean, growing up in my past life, my Fiat job consulting, you used to think you wanted to become that partner, you wanted to become that CEO of E-Corp or whatever the fuck you thought you wanted to achieve to reach the top of that ladder. And it really took a mindset of saying, fuck that goal. Like, I don't want that anyway. Sure, it has a lot of money, but who wants to compromise for that? And I don't know which one it is first, whether it's the chicken or the egg, whether it's the finding Bitcoin and then being able to say fuck you, the goals. or saying fuck you to the goals and then because of that being open to finding Bitcoin. But for

me, it was saying fuck you to the goals first. And then it really opened my mind to dive deep into understanding that there was a different path, you know. So the community was really strong for that. That Bitcoin 2021, one of the moments was when Surfer Jim popped up and told Jameth to go fuck yourself.

Suddenly that became a huge story and he didn't show up. Yeah. It's funny that just like, you know, the plebs can make a billionaire shaking his boots and avoid an entire event just because they're afraid of having their ideas challenged. The plebs rule the world, man. The plebs rule the world. Yeah.

It's incredible. It's a total shift in power dynamic. And when we separated church from state and the enlightenment that happened, it was a very important moment. And the American Revolution and the ideas then. and then people forgot. We kow to the billionaires. We were like cower in our boots and say, oh, like, don't insult them.

They're better than we are. The FOMC guys meeting and determining what's best for us, they're better than us. And that's the thing is like we relearned that, you know, to kowow, to bow, to bend the knee for the elite. And, you know, Bitcoin has reversed that, reminded us. It's the tree of liberty. must be time, right? I like the parallel too, bringing it back to our first conversation,

the parallel between the plebs having the billionaires shaking in their boots. I think soon the pleb countries will have the largest nation states in the world shaking in their boots. They already kind of do. Great. Love it. Yeah. It's El Salvador is that first person stepping off the plank in that meme where the politician is standing on the other end of it. They're that first country to walk away.

Yeah, there's going to be more of that. So guys, I'm going to keep this rolling. Love that topic. Thank you, Dennis. We've got just shy of 400 people watching in here. Give this a share. Smash that like button. And we're going to keep it rolling.

And keep those comments rolling in. I'm bringing them up whenever I see Volcano Checkmate from Pago there. So I'm going to toss it to dread here. And dude, I'm going to ask you, What are you excited about this week? What has you feeling bullish? Well, like Dennis said, the plebs have been doing a lot of work. And I would say the main thing that has me feeling bullish is to sum it up in one word,

girth. I think girth is what has me feeling very, very bullish right now. Like very wide girth. And that's because the plebs and the lightning network have built a community online called plebnet. Plebnet.org. If you go there, we have a big telegram group, and it is, oh my God, over 1,200 plebs right now, just random people grabbing raspberry pies, setting up nodes, whether it's umbrella, start 9, Raspberry Blitz, all of them, my node, and connecting with each other, like through friendship, because friendship is magic and magic makes channels, and they just

connect to each other and route to each other, and they learn how to set fees. Like, it's literally a organically developing lightning network university, just happening amongst random people across 20 countries in a telegram group. If you really want to get there, the fun way, you go to kyc jelly.com, and they'll take it to the telegram group. But I think that the plebs have really ignited my passion to learn again. I was in technology for many years, and, you know, I got so bored writing code because I didn't really want to give another, you know, Fortune 100 company a way to save a million dollars

by cutting the hours of their workers. So I really, I'm happy to now find something that I'm passionate to spend my skills on. And there's so many great people in this. There's a network right there. There's so many great people in this network that provide you with these channels. And channel size is what I call girth. So that's kind of a joke on how big you want to create your lightning channel. And it's gotten so big.

We're now over 2.5% of the entire Lightning Network. It's just-shed. Really? Yeah. And we've connected to places. like Bitcoin Beach and El Salvador and we're providing them liquidity so that they can always have a channel to buy a Pupuso. So it's just everything's connecting so well and that's why I'm so bullish. That's great. I am part of Plebnet. I updated my node the other day. So it's just like, because I'm on Umbroles.

So it got rid of my alias. So I'm somewhere in here. But it's crazy seeing how interconnected everything. is and it's it's just there's so many so many people i just saw i just saw gregg in here where is he i just saw there he is fuck you gregg but but he's he's in here um highly recommend people check this out because so so what's what's the ethos of this basically just just trying to connect to each other um trying to um reciprocate channels like how how do people get involved in this can you describe a little bit about how it works yeah i mean we started on Clubhouse really because one of the early adopters, D++, who is also an educator for Bitcoin. Yeah, she wanted to know how to use Lightning to send tips on Telegram using Fiat Jazz program called LNTX bot,

which is really good for Telegram sending Lightning to somebody else. And there was a whole Clubhouse room on it, and then it just kind of, what's the word, snowballed from there, where people wanted to know, all right, I can send a tip now. How do I create a node? How do I open a channel? How do I set my fees? How do I know how to balance? We have this thing called, it's a circular balance with a person,

but you call it Ghetto Submarine Swap. There's so many cool things that we're learning that is probably going to end up getting implemented into the Lightning Network Protocol because we're finding out just with each other with just messing around. So we're not doing it to make money. No one's actually like, you know,

taking home banks or sats or anything like that. It's really just about meeting people. I've met people from seven countries so far just because I'm in PlybNet learning about the Lightning Network. And it's about, like I said, the most important thing, girth. Yeah, I love that. And what was the URL again? I'm going to put it as a banner down. Sure.

It is KYC jelly.com. And if you want to see the wiki to help you set up, if you don't really want to ask somebody questions all the time you want to just go in and do it all yourself go to wiki.kjelly.com and a pleb just a random person decided i'm just going to go ahead and write on everything i hear in here and make a GitHub account for it and we can now you know push um push feature requests and and pull requests to change it so yeah wiki dot kycjelly.com if you want to if you want to get started that's awesome uh i'm very glad that you brought up uh lightning network um i just You know, I had used, you know, simple solutions on my phone previously, but a couple months back, two or three months back, I sat down with Nate, also known as B4 Bacon, one on Twitter.

And he was gracious enough to spend an entire hour and a half on a call with me explaining the ins and outs of using Thunder Hub to set up lightning channels and get my node all connected. And I learned so much, it would have taken me weeks of dicking around to figure out. what I learned from him in an hour and a half. And this perfectly ties in with Dennis's previous point that Bitcoiners are just so gracious with their time if you're willing to learn. And I've got to say that he helped me so much. And in turn, because of him being so kind to me

and spending his time with me, I was able to then create like an hour plus, I think it's an hour and 15 minute long video that fleshes out exactly how to set up your lightning node on Thunder Hub and get yourself connected and get inbound liquidity and all of these crazy things that I never had any clue about. So there's a lot of great people out there that are willing to help. And I highly encourage anybody that's curious about Lightning to dive in.

There's a ton of tutorials. I've done some. There's lots of other people out there that are helping. So I guess my question to the remainder of the panel is what your experience, with lightning, if any, you've had thus far. Have you, is it still to the point where you've kind of maybe tinkered a little bit or if, or you're still like waiting to dive in? And if so, what are the hurdles that, that scare you?

I'll start first because I was part of that lightning torch, that first one a couple of years ago. And I was handed the torch. I think, no, I was, I handed it off to Meltem. So somebody handed it to me, I forget who. And I received the torch. And then I couldn't figure out how to freaking send it. And I was like, I was traumatized. Like I was in total.

I was like so embarrassed thinking, oh my God, the world looking at me. People are saying send the fucking torch on. Who has this torch? Do they run off with the money? And I'm like, oh my God. I was like DMing Elizabeth Stark asking me. but how do I get some, how do I send this freaking thing on? And I, you know, so it was totally so stressful.

And I ended up having to go to sleep and send it in the morning. Everybody was like, just send it in the morning. I had a nightmare that night that everybody was laughing at me and saying, you stupid bitch, how can you not send this stupid torch on? So that's the beginning of the journey. And I was a bit traumatized to even go near it for another like year. Now, like, we have the Sphinx chat and, you know, coming full circle and talking about that network, of course, you know, Max first introduced and he's credited him for it is Adam Curry to Bitcoin. And now Adam Curry has, you know, found the lightning light. Like he's like all about lightning. And growing up, you know, when cable news and cable first became a thing, we no longer had just.

two channels, you know, Max and I were like there at the beginning of MTV and all that stuff. So like it's just so weird, you know, I called up, you know, DM'd Adam Curry. Dude, how the hell do I start this? Sphinx chat? How do I get on there? And he got on a Zoom call with me and spent an hour and a half walking me through, getting people, you know, like get voltage online with me and like communicating, telling us how to set this up. So now on our Sphinx chat, it is like really interesting. It does remind me of the early days of Bitcoin when like all this stuff like at that time there were only those QT wallets like how do I do this how do I use it how do I send it well when people seem to like it's like

coming out of the burthen canal like they arrive in the swing shit oh my god my god here is can you hear me does anybody see me it's like yeah hi so it's it's it's really fun it just reminds me of those early days of not knowing what the hell you were doing and hoping it spent a whole lot of self-discovery as you're tinkering around with that and i definitely i feel you on the what the hell am i doing um aspect of it uh i i you know i dove in i think when you were the first opportunity that you were able to actually download a lightning wallet on your phone um but like at the time it was like i didn't know what a channel was i didn't know how to and it was all manual it was It wasn't like the custodial automated ones that you can just get through Blue Wallet or Wallet of Satoshi.

It was like, no, you've got to manually set up channels and get inbound liquidity. And I was like, why can't I receive payments? What the hell's going on? It was so confusing. So yeah, but it's gotten so much better. It's gotten so much easier. You can dive into the weeds, but you have the option to use easier things. Even in a non-custodial fashion, it can still be very easy.

Dennis, I'm wondering, have you yet, I think last time I talked to you, I don't know if you had yet dove much down the lightning rabbit hole. Are you patiently on the sidelines or where are you at? I am peeking over the massive rabbit hole that is the lightning network. I've played around with some of the easier stuff to use. Obviously, I have my lightning nodes set up recently. I have played around with some of the lightning wallets. but I haven't dive deep down the Plebnet rabbit hole that is the one that Dredd is talking about. I've seen what they're talking about on Clubhouse.

And it really, it's been really fun even though I haven't been directly involved with what's going on with the Plebnet. It's really fascinating to watch someone like D++ who me and Dread both talk to regularly on Clubhouse, actually get a group of people together and like in a ground up movement push some people to get interested in lightning, as much as she is interested in Lightning and activate so many of these community members to come around her and build PlebNet. And now they're actually providing so much girth, as Dredd calls it, to the network. So it's incredible to see the way that this stuff works. Very wide girth.

Very wide. Lots of growth. Hopefully I'll be providing some extra girth to the Plebnet network here soon as well. But it's great to see. I love to see it. I think Bitcoin really does encourage cooperation and encourages people to work together. That alone is going to have absolutely incredible impacts on society. we all download this new operating system onto our brains.

In the past, we've had all sorts of different operating systems as society as we've grown. But now we finally have stumbled across like Max was saying, you know, we've been looking for, I don't know if you've said this in your podcast, Max, or if you said it today, I've been listening to you all the time, obviously, but we've been searching for real money for, you know, 100,000 years. And we finally found it. And it's going to be an incredible impact on society as a whole. The way that we use money is going to dramatically change.

But it's also going to dramatically change the way we interact as human beings. beings. Yeah, 100%. It's wild. Go ahead, Dr. I do want to step in and quickly say, because I can, okay? So size does matter. Yeah, I mean, the conversation was for girth and then K. Y. Jelly. Like, what kind of show they got called over here? Yeah, I mean, a lot of different terminology like that. I mean, when you're like Times Square in 1975. It's time for you to bring your girth to the Clubnet, Max. Can you handle it?

I don't know. We can take it. I'm going to, Dredge, continue. You were going to say something. Yeah, I just wanted to say one more thing about the Lightning Network. It's a layer to technology, right? So a lot of people went through that whole, oh, my God, I finally figured out Bitcoin and now have to figure out Lightning.

Oh, my God, I finally figured out Lightning. It's like this mashup between the movie Inception and Plato's Cave. You know, you finally come out of one cave. You're like, oh, it's a new world. And you're like, oh, crap, there's another cave. So I feel like when Layer 3 comes out, whatever that is, we have another Plato's cave to escape from. And I'm just excited that every time, it's like you get, like, you come out of the birthing canal all over again. And I like that analogy.

I like it. I also love this comment, M.G. Smith. There's a reason he's called Max. Excellent. Yeah. Anybody that's watching this right now and you're like, I don't know, that sounds complicated. Baby steps. I do have a ton of tutorials even without starting down the rabbit hole of actually setting up individual channels and everything.

You can actually just get a lightning wallet on your phone immediately and just start playing to familiarize yourself with how to send and receive lightning payments. So there's a time, like I've covered Breeze wallet. Phoenix is awesome. And those are non-custodial for simple custodial. There's Blue Wallet and Wallet of Satoshi. I do an entire node tutorial on setting up Lightning Network channels. And that's the big, like, girthy hour and 15 minute long video. But then there's also like Moon, M-U-N Bitcoin wallet.

That one's incredible because it's a single unified balance. It's non-custodial. And you can receive regular Bitcoin payments on chain. Or you can receive lightning payments. And you can send the same. You can send lightning payments or regular on-chain payments. And it's a single unified balance. So that's one of the more interesting things that I've seen as of late out of a Bitcoin wallet.

And I also just recently covered strike, which instantly converts Bitcoin into dollars and vice versa, which is being used. It's the number one downloaded app in El Salvador right now after that announcement from them adopting Bitcoin. Yeah, it was so fast. you know, because for years and years, we had this debate about the white paper and the use of the word cash. And what does that word cash mean? Can I buy a coffee with it?

And then, you know, the answer was always, you know, there's second layers coming. Second layers coming. You know, without really fill in the blank. Second layers coming. Then that was refined a bit when we say, oh, you know, lightning. You know, lightning.

not really knowing what the fuck it was. Yeah, lightning. And then apparently there was a coup in El Salvador from Satoshi Nakamoto and 20,000 downloads a day of lightning, the lightning app, the strike, which means that within a year, the entire population is going to be using lightning.

And they're going to achieve a Bitcoin standard. It all happened so quickly. It's like, so fast. It's crazy. People don't realize, like, everybody's point.

to scalability of just the layer one. That's still the stupid argument we hear today. Oh, it's seven transactions per second. You can't scale that to the globe. And this much energy per transaction, which is a stupid argument in and of itself. But what people, they haven't, yeah, they haven't priced it in.

Sorry, go ahead, Fred. Sorry, there's just one more statistic that people aren't talking about that I keep on repeating. Not only are they onboarding 20,000 users per day, they're doing over 10,000 transactions per day as well. on the Lightning Network. I think it's like 15,000 transactions last time I check per day on the Lightning Network and growing.

So if you want to see its scale to actually like in reality beat the numbers they're talking about, just look at the Lightning Network transactions going to El Salvador. That's just El Salvador right now, Dred? Just El Salvador. Wow. Yeah. People don't know what's coming. People don't know what's here, actually.

People don't know what's already here. Even people who are in Bitcoin don't know what's here. I mean, it's just a wild pace that this whole thing is happening. And, you know, the dominoes are going to fall in that region. So Paraguay is already making the moves in six or seven other countries. So this, and then in parallel, you've got African nations doing the same thing. So Ray over at Paxville, you know, every time I look at Twitter, he's in a new country, you know, hooking people up. and he alone is probably orange pill five million people this week.

Yeah. Yeah. It's it's awesome to see how much innovation is happening. And even just outside of even within the base layer, having tap root now locked in and activating in November, what's going to be able to be done with that is incredible. And I'm very bullish on the innovation that's also happening in second. layers.

Because again, you're right, Max, people would always say, oh, second layer, it's coming and say, well,

it's here and it's ready and it's fucking working for an entire country. So again, the world doesn't know. And a lot of times we said it out of faith. Like I would say, oh,

you know, second layer is coming. But, you know, I'm praying second layer is coming. Yeah. I would have no reason to, I'm just praying.

And then suddenly it's transformed the country and my prayers have been answered. You know, everyone's prayers were answered. So there's a faith aspect of Bitcoin that's underrated. And we are willing this into existence. Maybe Bitcoin, there's just really good.

That's kind of been one of the things I love most about this group of people is that the ability of Bitcoiners to predict the future is unparalleled. Somehow you're able to just see what's coming all the time. Not just me, obviously, but people that I talk to all the time in this industry. It's absolutely incredible. I mean, Max has been predicting stuff for, And it's all come true, right? That's the incredible part.

This is my bullish thing. This is my thing. I think we should jump to there. Yeah, let's do it. The thing I'm bullish on is that the reason why the ability of Bitcoin is to predict the future is because I'm bullish on Bitcoin keeps observing us. It's watching the show. It's watching everything we do. And it gives us what we say.

What I just said recently, just a few moments ago, that, hey, all of us Bitcoiners were talking about stranded energy. And like, whoa and fucking behold, like Al Salvador, it's like, hey, we've got volcano energy, right? That's because Bitcoin was watching us. It was like, it's always watching us from the very beginning. It's that quantum nature of the evolution of the technology. So back in 2010, 2011, 2012, you know, there were insane people who were giving away thousands and thousands of Bitcoin in faucets and stuff like that.

Like you'd have to be a lunatic to do it now, right? Who's going to give away 10,000 Bitcoin or 20,000 Bitcoin, like Fossits run by Mottie Mami or Gavin Andresen, like what sort of lunatic? That's because Bitcoin was fucking with us. It was watching everybody. You're like, okay, you want to call me magic internet money? Give me away. Just sprinkle me like fairy dust.

Go ahead and do it. And it was like, okay. And then the first obituaries came. And it's like, oh, you think I'm dead? All right. Okay. Let me show you some tricks. And then it started to, you're like, so it's always seeming like in a dance with us.

It's, it's down the human rabbit hole too. It's like it's technology created by humans or perhaps aliens, as Max might say, where the Pentagon keeps on talking. It keeps on trying to get us to believe that there's some aliens here. That's my point. That's my point. Don't blow it. Sorry.

But, you know, that's the thing. It's like it's always evolving and always like surprise. That's why the rabbit hole is so deep because it keeps on changing. So we're about to hit a historic moment this week. You mentioned it at the top of the show with the difficulty adjustment. It's going to be a huge difficulty adjustment. Okay. Now what's this going to do?

Okay. All the people in the mainstream media now looking at it saying, oh my God, China's banning it. The hash rate's collapsing. Look at this. This is bad. It's like, uh-huh. Oh, yeah. You think I'm going to die?

Watch this. And boom. The difficulty adjustment goes down. Profit goes up. Everybody's like, whoa, I'm going to like start mining this shit because it's like, now it's more profitable. So there's always a trick up its sleeve. It's like watching us and waiting to, you know, coming from a Hollywood background.

It's always got like a hook. It's always got a twist in the plot line. You're like, oh, man, I shouldn't, I should have seen that coming. It's like Brandon Quittam wrote that essay about Bitcoin as a living organism. Yes. And adapting in like mushrooms that have been successful for millions of years. So it possesses those qualities. At the beginning, it used to be called magic internet money. Max and I spent a lot on stupid stuff like iPhones, you know, dozens of Bitcoin on stupid shit like that. But everybody was doing that. That was, it was magic internet money. So we treated it like magic and hey, have some of my fairy dust. And then, then who, who, who did it first? Like, did it become store value? Like, how did that happen? Who, who made it happen? Like, were we, who was, who was, who was, who was,

Bitcoin observing us or we're observing it. Like there seems to be this like relationship where it's always evolving as our understanding is of it is evolving. It has a, you know, a cosmic dimension to it. Yes. Right. So it's the cause, the cause. You know, there's that saying petition the universe and the universe will provide. You know, and it's like the universe.

And it also gets back to the concept of Gaia, right? That everything is one, one organization. but you know all the living animals the rocks the trees that you know it's just one living organism so and and bitcoin is an expression of that in a way that humans seem to be responding to unlike anything else ever and it's it's changing us as a species in a lot of ways which is fascinating and also it can be scary like when when this when the president of el salvador was talking about and the doing a demonstration of a wallet, I was like trembling. Yeah.

You know, I had to, you know, I had to seek out Stacy and like, you need to hold my hand because this is, I can't believe what's going on here. I'm trembling. This is what the fuck is happening in the simulation's gone whack out. Is it really run by cats? Is that what's happening? You know, uh, so anyway, I've gone on. No, it's, I think you're right.

And, and the idea of, of, Bitcoin as kind of like a living organism. I think it speaks to the fact that Bitcoin responds to stimuli from us, right? It responds to positive and negative stimuli. If we're being stupid, it effectively proves how stupid we're being. Because there's a set protocol that it functions on, and the only variable is us as humans. And it just responds to us and either puts us in place or rewards us for understanding it properly. The difficulty adjustment, again, it's, it's, it's, it's all pre-programmed. It functions as planned.

And, and, and yeah, people don't, don't grasp that. It's just going to be fine. And one of the beautiful things when you're talking about, hey, you know, you, you think I'm dead. Yeah, let's see. Bitcoin is basically the embodiment of that, that meme where the dude's standing over the grave with like the peace sign. It's like Bitcoin and then like Bitcoin again over top of it. It's that's Bitcoin over and over again. How many how many, uh, deaths has it experienced, uh,

over the years or supposed deaths through mainstream media. And we're about to see it again. I can't wait for the first person to make that meme after the umpteenth time. We've heard mining death spiral. If I hear mining death spiral one more fucking time and we're going to hear it. many times. We're going to hear it again throughout the years. And it's just, it's just whatever new round of idiots is coming in to get angry about Bitcoin, they're just going to jump on Google and say Google Bitcoin bad and then pull up some 2014 article and just use that as their talking points. That's, that's the level of discourse we have now. So, you know, Bitcoin will outlast them all. It will last, it'll last us all. And it's here to stay. But, uh, all, uh, all, I'll

defer to Dennis or Dred if you have further thoughts on this topic here. My only thought was that, you know, Bitcoin is like a true representation, a monetary representation of our collective consciousness. And the deeper humans peer into Bitcoin, the deeper Bitcoin will peer back into them. That's, and that's kind of from Stacey's point. It just, that kind of feels like it fits, you know, because that's what I've been thinking the whole time. Like, this thing is an orgasm. I've been following all of Quidim's mycology and mycelium parallels, and they really hit home. So I really feel that this thing is a living thing created by another living thing, whether it's here or not here.

And it's watching us. I love it. It can see you. Dennis, can you feel its eyes in the back of your head? It's definitely a living, breathing, some sort of an artificial intelligence type organism that, was dropped on this planet either by some extremely intelligent human beings or maybe aliens, who knows, a time traveler could have been anything honestly, but it is so far, it's such a leap from where we are today. And that's part of the reason why I'm just so absolutely excited about

talking about Bitcoin and spreading the message of Bitcoin because we're just so freaking early, honestly. The volatility in the market just proves how early we are. If this thing can go down such a significant amount and such a short period of time, it can go up in in numbers as well in just in just the same amount of time. It's incredible that the honestly the difficulty adjustment is arguably, and I need to dive deeper on this. I know there's been a couple of articles written. I've been trying to find them. But there's some people that claim that the difficulty adjustment is one of the most genius aspects of Bitcoin. For instance, like with gold mining, what Max is talking about, if people just,

decide to stop mining gold, then there's less gold being mined. But with Bitcoin, you can have a dramatic drop in security model and have 30% of the hash rate, 40% of the hash rate come offline, and you'll have a difficulty adjustment. And we will be safe from attack and we will continue to be safe from attack. There's already, honestly, so many miners out there that it really just doesn't matter if we lose 30, 40% of the hash rate. There's no way anybody's going to be able to combat the current hash rate and attack the network. So I just am super pumped about this point. I think that we're just beginning now with layer two solutions. There's going to be more layer two solutions,

and Bitcoin is going to continue to grow and fascinate us. You know, just with, what was it, the last upgrade, what was it called? Tapper. Oh. That was that one called. That was essentially what brought us Lightning Network because of the transaction malibility. Segwit, segue.

Yeah. Not 2X, though, obviously. You know, yeah. So, I mean, I think that people really undersold what we were going to get out of Segler. Like I remember people talking about it. They're like, oh, yeah, just a mild upgrade, a little bit of transaction malability. And boom, all of a sudden we have freaking lightning network. And same thing I feel like is going to happen with Taproot. And this upgrade is one of the best things I love about Bitcoiners is they undersell and overdeliver in their promises. And I think that we're really going to see Bitcoin grow dramatically in the next in the next five to 10 years in its abilities. Yeah. Yeah. I, I, I.

totally agree there. There's so much interesting stuff coming down the pipe with all of these upgrades. And yeah, it's going to be a hell of a time the next few years here. I was just going to quickly bring up for those of you on this topic of Bitcoin as a living organism. The article that was alluded to before is this one by Brandon Quidam. It's called Bitcoin is the Mycelium. of money. And it's a pretty good read. I highly recommend you check it out. But yeah, Bitcoin is the mycelium of money. I think, I think Guy Swan also did an audio version of it on Bitcoin

Audible. So head over there and check it out as well if you're more of a listening. And if you don't have time to be sat in front of your computer for a solid hour reading, then, then Guy Swan has a silky, smooth voice to read it to you. But, I will, we're going to keep this rolling and we're going to move on to Mr. Max Kaiser for the, our final reason for feeling bullish this week. So Max, I defer to you. What has you excited, man? Right.

Well, so we've been talking about Bitcoin and consciousness and Bitcoin and the collective consciousness and Bitcoin as being soft aware. That's tapping into some kind of cosmic intelligence. So, you know, I've been thinking about. about this for a while and as more people join the network and those transactions which are kind of who we are we are the sum of our transactions and every 10 minutes 150 million people are synced so their consciousness is their conscious is synced and that's growing to billion two billion three billion people you know we're at the nineteen ninety seven stage of the internet we had about the

the same number of users in 1997. On the internet, as you have on Bitcoin now, so we're about to head into the multi-billion dollar user number. And per protocol, that means every 10 minutes, everyone's consciousness and unconsciousness gets synced. And so that means that the global, the sum total of global unconscious is organized in a way. that I believe is why we're seeing the appearance of these UFOs.

So more and more we're getting reports about UFOs. Because I think there's always been a lot of UFOs everywhere, but they've been kind of invisible to us. But now if you take all of these billions of human minds and you sync them up, they create a very powerful force. and these UFOs are coming and they're coming to mine Bitcoin. And they're going to be using not volcano energy, but quasars. Quasars are the most powerful force in the galaxy in the universe.

It's the most potent form of energy in the universe. They're going to tap into that. They're going to start mining Bitcoin, and that's when we get to a million dollars of coin. It's going to be the aliens on UFOs tapping into quasar energy and to mine Bitcoin. And that's how we get to these higher prices. The good news is that the aliens are bitcoins. So just like we have friends and planet Earth who are bitcoins. And there's all reasons for divisions are eliminated.

class, race, status, then also the division between what is an earthling and a not earthling will also be erased. It's also immaterial. So then we tap into galactic knowledge. We tap into cosmic knowledge. So we're heading to cosmic knowledge because it's all synced up every 10 minutes per the protocol. that's why I'm bullish.

So we're going to actually see the face of God. So this generation that's developing right now is only the first generation since the beginning of the beginning. I mean, if you remember 2001, the monolith on the moon starts off. The apes are running around. They throw the bone up, turns into a spaceship.

That's a filmic image of how time exists in the cosmic reality. We're about to have that moment. We've been living in the darkness our entire existence. We've never left the cave. Now we're about to really, really leave the cave.

Really. And Bitcoin is easing us into it. We're being eased into it. All those revelations you have every day where you feel like, oh my God, everything I thought I knew, I don't know. multiply that times everything you thought you knew you don't know and then multiply it again and now that's where we're headed that's what we're going to see i've got a question for you

max yeah is uh is is is a sound money network like bitcoin uh uh the answer to uh the great filter the Fermi paradox where it's the question of those unfamiliar. The Fermi paradox is like in a universe so vast that has been around for so many billions of years. Why haven't we yet seen intelligent life? And so the assumption or the hypothesis was there's some sort of great filter that prevents societies from getting past a certain point in their evolution and that then leads to either we are behind that that great filter and we haven't made it past it yet and we need to achieve it or we are the first to go beyond that filter. And so we're the first out there or there's the aspect of maybe we just weren't worthy of

that contact because we hadn't gotten past that great filter. and a great equalizer like Bitcoin where all of a sudden you can kind of, and again, akin to our earlier conversation, where you can kind of plug in the consciousness of everybody on the planet working together through economics to decide and place importance on human action. does that then propel us past that great filter and allow us to to continue on as a species and no longer fight ourselves as much and self-sabotage? So I love that idea, but I was curious if you had ideas around that. For me, it's more like looking at in the world of physicists, you would think about the Heisenberg on certainty principle, And how the time and space kind of disappears in that, in that model, right?

And cause and effect disappear in that model. So the linear concept can't break away. Concurrently in psychology, you have Carl Jung's idea of synchronicity. Again, the linear cause and effects disappear. things are happening on the mandala in the in the perpetual now in the forever instant so the bitcoin singularity which is what i'm talking about is about all of the scales being removed from our eyes simultaneously and we essentially we basically are joining it's a rejoining of who we are for real in the sense that it's it's again when you harness the power of the global unconscious

in that Kural Jungian way you know you you have that quantum leap right to another state of being so we've been we've been in kind of a similar state of being and you when you all the archaeological records you know they just found a new species now of humans you know, from 30 or 40,000 years ago or something. I was just reading about it. That existed as homo sapiens and chromagna, and then there's another species. But, you know, it's been somewhat uninterrupted.

And you can look through the records and look through the fossils and look through and come up with a chronology of it. And but there is now a leap to a cosmic consciousness that when you harness the sum total of our collective unconscious, You get this instantaneous transmogrification. And it's alluded to in art and it's alluded to in religion.

You know, we have hints of it. So, you know, in different religions, they have these rituals and they have these stories that inform us about these things, about the presence of this uber consciousness, if you will. But we've never been able to reach it. And we've been looking for it in odd ways through space exploration or what have you. But Bitcoin allows us actually

by the coordinated sinking of all these nodes and by turning money into something else, into a rocket into the collective unconscious. So this idea of money is going to change as well because we won't, we won't be needing money where we're going. Money is just a vehicle to get to where we're going. But once we're there, the idea of money disappears.

The ego, individual egos, completely disappear. That's what we need to get rid of. Individual ego. It just be the hive mind, if you will. Some people call it. Or one love. One love. As dread might know it is.

Yeah, try ja love. One love. Right? I mean, the Catholic religion definitely gets into this, I would say. I mean, I'm not an expert, but they're, you know, and on a spiritual basis, the shamanism and other types of spirituality approach this, the energy. Uma, the notion of an umma. So you're saying like it's a collective, like it's bringing everybody in. You're all, we're all looking at it.

We're all looking at the difficulty adjustment, the hash rate, all the, the rabbit hole of Bitcoin. And it's, it's pulling it. it's using all that energy and the consciousness. Our brains are not used because they're housed in these things called ego. So they don't really work together. And language is a really terrible way to communicate. It's very abstract. But with the every time in it's sinking of the global unconsciousness through the thing we all relate to,

money, which is hard coded into our DNA, then we have a chance to collectively see something and get rid of this ego that's, that's preventing us from seeing. Well, if you mention that new species they found in, I think it's in modern China, but just like 100, 150,000 years old, things that you see from evolution is basically nature has its own difficulty adjustment, right? Evolution is an adjustment to new difficulties. you know, they are theorizing that maybe modern humans came out of Africa a couple, like 100,000 years ago because of the ice age caused huge desert.

You know, everywhere turned into a desert because all the moisture in the atmosphere was in the ice, things like that. But like you saw like, so you can usually look in the archaeological record for what we were trying to do. Even ledgers, right, thousands of years old, that was the first writing out in Mesopotamia. And like, people were like, you see that the evolution through the record, the fossil record of Bitcoin itself goes back to, say, the last period of major tumult, like what we're seeing now, when we just talked about going off the gold standard in 1971. You see the notion around consciousness and LSD and taking and trying to get to that sort of spiritual sense of love in one communication. But we failed. the cycle's always like stop right then then came all this free money property prices going up stock markets woo we all became yuppies and we forgot about it and then it's back like bitcoin's back

stronger like it just seems like there are forces like we're all like part of this so all these different forces they form like a kaleidoscope yeah and we look at that kaleidoscope and we're amazed by it yeah it's all very colorful and it's moving but bitcoin allows for all the different layers of the kaleidoscope to all come to sink. Yeah. And it's just one bright tunnel into, let's call face of God. But that can only be, happen if we're all synced into Bitcoin as monetary network. Because it touches our deepest need, our deepest need.

It's like Solaris. Have you ever seen that film? I haven't seen it yet. No. I know what you're talking about, though. So, 972 is considered. in one of the greatest films ever, right? And the astronauts are circling that planet Solaris. Right. And a guy is sent out there because, you know, these people have seen something,

a mysterious force. And they're no longer, like, they're beyond the reach of communication. Like, he can't talk to them. And then he himself and the people out there to rescue them, they go, like crazy. Right. There's a mysterious force that, you know, is out there. So, I mean, that's just Tarkovsky, you know, seeing this greater consciousness, like this mysterious force, there's something churning. That's why people with big egos and narcissists tend to get blown up by Bitcoin. Because the truth of this is so unsettling because it's not about them. Yeah. Right?

I mean, I'm not going to name names, but you know who they are. You know, it's the truth is too overwhelming. and it blows up it blows them up right i mean i've struggled with it myself like i was saying earlier i'm like i'm not the asshole i could be that's because out of survival because i know if i were the asshole i could be i would the bitcoin protocol would fuck me up so the chat is naming names already i see e lon coming up yeah i think i think it actually it destroys all of those mental models you know um bitcoin does Like to your, I mean, to your point, we won't need money because everything that we know today that that drives human action, everything that we know today that that, you know, creates the limited amount of information each person knows will go away.

And, you know, if we're able to see one truth through Bitcoin, then you don't really need all the human action game theory anymore because everything is, is just, you know what it is. It's a fact through Bitcoin. And it breaks all the economic models that we know today. So I don't know what the new one's going to be, you know, because it's, it's brand new and it's, you know, a single path towards it. But I don't know what it would look like, but I know it's not going to be what we've known it to be for hundreds of years, whether it's Kenzian if you're wrong or Austrian if you're right. I think all of that breaks once we're on hyper-picanization. Yeah. And like talking about the permanency, the truth of human experience and beyond what?

money is Max and I went to this museum that's an amazing museum in Istanbul. And those are the first, the Hittites, like, were really the first to put all these contracts. They were big on contracts. They love their, you know, smart contracts, right? That still exists to this day because it was into stone. And one of the most, one of the most amazing is like there was a man who was dissed by another guy in the marketplace. And he's like, why are you slandering my good name?

Like this is like you're saying I didn't pay you back. I told you I'm going to pay you back. And this is my honor. This is my name. This is my truth. Like, why are you saying this to me? And it survived to this day thousands of years later. But it's such a like it's so familiar.

As you're saying like earlier, like we're Bitcoiners, right? You show up and we're all, you understand each other. There's a there's a universality to it. And the universality of human experience throughout history is it's always beyond money. It's about trust, about faith, about, you know, your good name, your place in the world. On it, in a contract, in a ledger. Like, you know, Bitcoin records it, records it constantly. Yeah, you know, I had that experience in Fez.

You know, we were traveling in Morocco two years ago in Fez, which is a Medina with 10,000 people, 9,000 alleyways with that have no name. And these are people living on one or two dollars a day. And after a couple of days, I felt like nobody here is broke because it's just, it's a completely self-sustaining unit. Like, it's just people all day long hustle, hustle, hustle, hustle, hustle, hustle, hustle. The guy's selling meat. The guy's selling veg. This person is tanning thing, ding, ding, ding, ding, ding, ding, ding. And it's just completely self-contained.

You know, I didn't get a sense of anyone being unhappy about them. not getting, you know what I'm saying? There's no stress. Yeah, it wasn't like. It was real. It was real. You know, it's like. And so, you know, amplify that with the, with the over a billion with sinking up every 10 minutes on Bitcoin.

It's just, you're just vibrating out of frequency that's, that's real. And when you get rid of that ego, centricity, you know, you get rid of the neuroses that come with it. And the paranoia. the instant gratification that are that seeking through external um things like drugs alcohol this type of thing and um so then what's left you know when you strip it all away is spirit so if you become just a spiritual entity then you're combined with all spiritual entities so i mean this is but but what's incredible to me is that this generation is is actually potentially experiencing the Bitcoin singularity,

which is after 100,000, 200,000 years, there's the, that we're at the end game, potentially. That's how fast is going. One of the things that I think drives it is that time preference, that shift in time preference. That really started to hit me personally only like post-2017 fork wars. Like, you know, before that, it was just like I was still the same, Stacey. Like I knew Bitcoin, I was part of Bitcoin, but like it hadn't yet changed me on that sort of fundamental level.

Max always says Bitcoin, you don't change Bitcoin. Bitcoin changes you. We've also added now, you don't fix Bitcoin to the likes of Elon. Bitcoin fixes you. And once that shift happens, it's really hard to go back. Like once you, once it happens, you can't really describe it. It just happens. It's like that mysterious force out there.

You're like something has happened to me. and my time preference has changed and all the things I used to want and desire in life, like nice chairs. It all evaporates and it's hard to get back once that's gone. But it's not like if you didn't have nice chairs in the Fiat world, you would be, you would suffer. Like you would feel bad. You, you know, you were stressed out.

You were comparing yourself to the neighbors and like what they had and possession they had. And you don't you you that that negativity inside directed at yourself. Yeah. And also when you have like unconfiscatable wealth and self-sovereity, you know, it's immune to the fear-mongering because so much of the news and the media is about taxes going up. There's a war coming on. You know, and it's just constantly berating people and threatening people. Like you're going to we're going to take all. You're going to take it all. We're going to. We're going to send you to war we're going to kill you and then when you've got this unconfiscatable wealth that's protected by an in impregnable encrypted wall you know you're like yeah whatever cuck go fuck

yourself i've heard this bullshit so long just like go go fuck a put your you know you know yeah but like the true cost and the reality around you once you can see it once you can feel it like it's hard to go back um when we were in the that Medina and Fez, there was a butcher's shop. And, you know, it's a different experience to show up with the butcher's and like, okay, select which goat you want us to kill. And you're like looking at these cute goats and you're like, I think I'll have some vegetables. They're like telling you which ones. Like you have to look at it in the eye and say, okay, are you going to eat me? Like that was a real moment too. And I was, you know, I am a carnivore. But I was like, I think I'd rather be

ignorant on this. Yeah, that whole like real, you know, it's like a slap in the face. Like, this is the real shit. This is what's going on here. But Bitcoin does that to the way, to governments, to how we organize and structure ourselves, like the cost of war. There is a cost of war. We don't see it anymore. Partly because the media is now part of the, the Fiat industrial, military, industrial sort of complex. And they don't show the images of the true cost of it. But that moment of like having to select which creature you wanted killed is like you're like okay i think i could wait a bit and uh you know if you have bitcoin imposes real cost right like you have the decisions you make have real consequences and yeah yeah you're in you're in the moment right so the problem with modern

life is that everything goes by you're not really in the moment you're a tourist in your own life you know you're not really participating in your own life and so when you get the bitcoin standard in your brain, you're actually participating in your own life. So every single decision is now going through the Bitcoin singularity. You're like, well, that's a waste. That's not a waste. That's this is. So you have greater contact with your life.

And then once you have that, then your life is different. And you meet different people, right? So then your community changes. And then the community as a whole decides, hey, let's flip El Salvador. Right. And then El Salvador is going to be like, let's flip the region. Right. So that all just came out of being in the now, which is because the blockchain is sinking every 10 minutes, all of our unconscious desires about money. We're plugging back into truth, right? We had a version of it with sound money with gold before it was easily able to be, you know, co-opted and perverted with. necessarily with

fiat extraction, not fiat extraction, but like paper extraction. And then that peg was broken. And we went to a system of untruth or a system of lying. And it set us back decades, right? We've been sitting here for, like we said, we're coming up on year 50 of a generation

of just straight up lies. There's no truth to economic movement. There's no truth to where we place value because somebody at the top gets to reallocate all of that capital wherever they see fit. And you know, you see the results of that is some, a very select few benefit a lot. And the majority of the globe does not benefit. And we're now seeing, like you said, everybody's starting to shift out of that. We're all out of that where El Salvador is the first country to officially plug back into truth. And the implications as everybody shifts to that network of truth, we can better allocate our

time and our resources and grow more as a society, as a people. And, you know, I saw some people saying, well, hive mind. Well, it's not, it's not exactly hive mind. It's more you're able to see things clearly because there's no. of where value is actually placed. You get to see the cumulative economic desires of a planet of eight, nine, ten, eventually billion people. You get to actually see where that value is placed instead of where the people at the top want that value to be placed. Right. There's a saying that you become what you hate. And for the last five or six years, America has

hated on Russia. And in the process, we've become like the Soviet Union. All of the decisions, economic decisions are made by the Politburo of the FOMC. You've got incredible wealth and income gap, loss of the censorship, running riot, propaganda, gone crazy. We could have avoided all that, but we chose not to. El Salvador, yeah, they're breaking free. They're plugging into the truth, as you say, and it's going to have a huge ripple effect. But, you know, also on top of that, going back to that little goat in the Medina is, obviously,

I would choose to kill the goat when I get too hungry. But most of our fiat world is just mindless, right? You don't think of the cost of all the debt that it's actually just pulling consumption forward. Who are you pulling it forward from? Well, the next generation, it's not you that's going to pay for it. else, right? So therefore, you don't, you don't even think about it. You're just like, well, I'm not going to be around. Let them pay for it. Right. So you keep on rolling it forward. The same thing with all our fiat food. You're just like stuffing it into your mouth and not

thinking of the cost and the consequences of factory farming, all the sort of stuff, the horror that goes into a lot of the stuff we have. And then so when you're confronted with whether or not you need the chair, whether or not you really need to eat right now. Okay, I'm not that hungry, but you're a cute little goat, but I might come back. tomorrow because I know I'll be hungry tomorrow. And then like to just have to have to be mindful thinking about what you're actually doing and whether or not it's necessary. And that's like what I was saying, that's part of that whole time preference when your time preference shifts, you know, and you start to value the now. And you really are aware of actually everything you're doing,

putting into your mouth, consuming, you know, your role on earth. Yeah. I mean, as far as As far as hive mind goes, I mean, I think it's worth digging deeper into it, not at this moment, but, you know, the fact is that there's a collectivism associated with the nodes. There's a collective effort. You know, it's Linux, right? Linux is a collective effort. It has a dictator at the center of it, Linus Terbold. So it's not like Bitcoin that has no center. But it, you know, all systems, you know, as somebody said, it breaks all the models.

But we still have to use English to discuss these things, right? So words are good approximations of meaning. They're not very precise, even the most precise words. And in English, there are many, many more words, for example, than there are in common usage in French. But in French is probably more expressive, because of his lack of words, because the more is given to the expression that is on the speaker's behalf. You know, they say French is the language of the woods, you know, because it's, you have tremendous meaning in gesture and context. And you don't, whereas in English sometimes you become overly specific.

And when you become overly specific, you sometimes completely obviate meaning. meaning. It's very specific and meaningless. Whereas something that's, I mean, we just saw this great two-part series on Hemingway. So Hemingway is considered to be the greatest American novelist of the century, you know, and he had this iceberg theory where he really nine-tenths of what was trying to say he left out. And there's there's so so language, you know, be careful with language because the spirit of the spirit that's being expressed I think takes precedence over parsing individual words otherwise you end up like writing for the New York Times where all they do all day is parse words to the point where they have no meaning and it becomes a worthless

propaganda rag but when you're talking collectivism I mean what you're really saying is the network the network survives like you know Adam Smith talked about that capitalism should reflect nature, right? Nature is perfect. Nature balances itself. It has its own difficulty adjustments. That's what I was saying about evolution. There was a viral video this past week of that baby elephant and the mom, but two other

giant female elephants, like created a triangle in which they made the baby sleep. They were protecting their herd. They were protecting their future rather than letting the, like, I need a more comfortable sleep. Go away, baby, and the baby gets eaten by a lion, right? So they're protecting the network of their species that is the elephant by forcing this little baby that was kept on trying to climb out. It's like, it doesn't want to be there, right? It wants to get out. It wants to break free.

It wants to go explore and play with it. That lions, not knowing it's going to eat it. And, you know, that's collectivism. It's like who were the other two females that were like surrounding it, keeping it from getting away. You know, they're working towards their own, the network to continue. That is their elephant network. Right. There's, well, there's game theory.

There's cooperation. There's altruism. You know, these things are on the other side of belligerence, violence, and war as coping mechanisms. And all of those things are too expensive. Yeah. So altruism is a much more efficient way at cooperation. And as a strategy for interaction, it's underutilized. But it is, and you see it in the animal kingdom, altruism is used quite often.

You know, this famous example being the fish that eats the bacteria off the shark's teeth. Right. It's hanging out in the jaw, the shark, right? But there's a mutual beneficial relationship to this. And so, you know, there's subtlety of it, right? So, you know, we, we, we, we kind of live in an era, in a era where subtlety has been kind of lost. And it's all, everything is extremely, um, basic. Even TV shows.

I mean, the TV shows are so this like soft porn and violence, soft porn and violence. Every single show is exactly the same. But it's a period drama. So that somebody dressed up from 100 years ago, soft porn. violence. It's like boom-bid-boom-da-boom-boom. So that's, you know, comic book storytelling. So where's the, anyway, I'm going off on a tangent on this now. I think the, my favorite thing about having you on this show is we go and we say, why are you bullish? And the rabbit holes that are visited through all of this are so fantastic.

that, you know, I don't know because we've taken so many twists and turns how, where we are in the rabbit hole, but I've thoroughly enjoyed the journey all the way down. So I see people again in the comments saying they need to give this a relish, re-listen or a re-watch because there's so much here. But that's, it's fantastic. I love it. I love investigating the implications of Bitcoin on people. and us as a society, us is a civilization, and where that can take us. So I am conscious of time. I do have some family stuff, but I'm going to go around really quick and just get any final thoughts from everybody. So I'm going to jump to Dennis, and I'm just going to say, do you have any final thoughts

about anything discussed today? And also in wrapping up your final thoughts, let people know where they can find you. Yeah, there was a couple things that, and I won't talk long for the sake of time. Also, I can't speak nearly as eloquently and long and girthy as Max can. But there's a couple of things that he said that I really liked. One of them that I think about a lot and try to continue to think about is the 10 minutes, or on average 10 minutes every time we get a new block. And that it's like a heartbeat for Bitcoin.

But it's interesting because there's so many people that are all a part of the network now. And every 10 minutes, we all have to agree on a set of rules. And I think that in a world where it feels like none of us can agree anymore, I think that will have pretty big implications and helping us move towards a more, you know, whatever you want to call a world peace, you want to call a globalism, a united planet. I think that that is one big part of Bitcoin that I like to think a lot about and think deeply about, that we all have to agree,

and we're all forced to essentially agree. So that was one part that I thought, I really like, I took the part that you said about as well, and I'm just continuing to add it to the way I think about and perceive Bitcoin. Another part, that was more of a fun thing,

was talking about the aliens, obviously, because, you know, we're always wondering, where did Bitcoin come from? We don't really know. We could have been, a single person,

could have been a group of people, could have been, you know, an alien, a time traveler, but one of the fun ones is the aliens. And I used to think that maybe it was sent here by aliens as a way for them to be able to transact with us. But I think that something that I didn't think about was that what Max was saying, where maybe it was sent here as a way to incentivize other civilizations that have never shown themselves to us before to come here, almost similar to like the idea that people have had where,

hey, why don't we send, you know, a hundred Bitcoin to some planet far away because in 100 years that Bitcoin will be worth so much that it will be incentivized to actually travel to that distant planet. And maybe that's kind of something similar to what's happening. You know, obviously this is all just fun theoretical stuff. Max seems to definitely have some great points around the aliens, but I think it's interesting to think that maybe

they are coming here to mine the Bitcoin. Maybe they've already had Bitcoin on their planets. And maybe they shot Bitcoin across space and time to where we are to incentivize themselves to come here and mine Bitcoin in its early stages, just because they know just how dramatically valuable it will be in the future. But yeah, that's pretty much it as far as some of the things that my mind has been absolutely expanded, listening to Max and Stacey once again, total legends when it comes to thinking about Bitcoin and its impacts on society.

society. But yeah, if you want to, are we doing the closing out or the following up? Are we doing that or another wrap around? Should I close up to people? No, where find me. Yeah, any wrap up and where people can find you would be awesome. Yeah, I tweet a lot. I'm on I'm on Twitter all the time. So you can find me at the machine built, the machine built. I'm thinking about changing that just in my name, though, to make it freaking easier. And then also I do podcasting, new podcaster, but I've had on some great guests. My podcast is called Smart People. it and you can find it on all the platforms, except for YouTube, which I'll be coming to here very soon. I'm going to start doing video as well. I love the interaction that can occur on video. You get a little bit better. I feel like body language interaction.

I come from the clubhouse world, so I'm so used to the audio only, but now I'm pumped to be moving on to that video aspect of podcasting so you can have a better connection with the guests that you speak with. But yeah, thanks again, Ben, for having me on. This is an incredible show. I really appreciate you putting these on. I think it really gives people the ability to see how some of the thinkers in the space interact and talk around Bitcoin when it's more of just like an open dialogue.

So I appreciate you inviting me on again. Yeah, no worries, man. And thank you for being here. Let's jump to Dread. Dude, final thoughts about anything said today. And where can people find you? Yeah. Man, that was a deep conversation today.

It's really cosmic. But, you know, the thing that I want to end with is the fact that, you know, you know, even though we talk about the collective consciousness and aliens, there are still millions of people, actually over two billion people right now across the world that don't have access to any kind of banking or financial inclusion with the rest of the world. And those people need not only Bitcoin,

but they need to go through the process that we all went through. We all went down a rabbit hole. We all got orange pills. And for some of us that have certain dispositions, it shook us to our core. And to get through that, you know, that to get through that change almost, that transformation, the community helps, you know? The point Dennis made about why he's bullish about a community is so important

because, like me, if it wasn't for this toxic group of dirt bags that happens every Friday, I wouldn't have gotten through my transformation to understand that everything that I knew and that I grew up around was wrong. Not only was it wrong, it was tyrannical and in some cases illegal and I was just going along with it because I didn't illegal is an argument of word it was immoral and I was going along with it because I didn't know any better until you know I was learning the truth through you know medium articles and podcasts and eventually things like clubhouse but that process was rough and without a community to to bounce ideas off of and to lean on a lot of people might break down there's a lot of

of people in impoverished nations that don't have the same support first world countries have. And I really feel like Bitcoin will, of course, Bitcoin looks at these things and Bitcoin knows it needs to pop these communities up in different areas. So, you know, I want to make sure that we are supporting these communities wherever they pop up and making sure that they can keep growing strong. So as people get red pilled across the world, those, sorry, orange pilled across the world, those people have the communities that they can grow with and become strong, Quentin was like the ones on this panel. But yeah, that's about it for me.

You can reach me at Polvault Dream on Twitter. And that's about it. I mean, you know, just a pleb. Awesome. I love it. And check out PlebNet. Go over to KYCGELI.com for some girth. Stacey, final thoughts?

Well, I'll pick up on that point that Dread was just making. And, you know, it's important to remember. that the thing about Bitcoin is all you need is one Satoshi, fuck you money. And that's remarkable. That does not exist in the Fiat world. You just need one freaking Satoshi. And that's not even a penny. And, you know, you're at the table with the likes of Michael Saylor or Elon Musk and you're an equal. It doesn't matter. Nobody knows, you know, nobody, of course, because we all only have one Satoshi, right? There's boating accidents and shit like that. So everybody's equal at the table.

Your voice and the consensus algorithm matters the same as anybody who has tens of thousands or in the case of micro-strategy now, 100,000 Bitcoin. So I think that's a remarkable thing. And I agree that it makes sense to give this one Satoshi, to spread that Satoshi, one Satoshi to Africa, to Latin America because they're ready for it and it's about time. And on top of that, I do want to say, get ready for the, you know, Bitcoin often puts on amazing, you know, fireworks, great shows for everybody to watch. And this next week when the difficulty adjustment happens, I think it's a historic moment

and it's really cool to be here at this time. I'm looking forward to June 30th or July 1st whenever it happens. Not sense to having. Has there been this much excitement? And Max, how about you? Any final thoughts today? Well, this idea of sending Bitcoin out to out into outer space to attract aliens. That makes sense because I was thinking on the Apollo 11, there's a little plate that they left on the moon that shows a naked man and a naked woman.

And like whoever aliens would show up, they'd say, well, why would I go there? They can't even afford clothes. I'm going to stay away from that place. It looks impoverished. Let's move on. But remember also in terms of the aliens that back in the 90s, we did the thing called SETI at home where we all combined our computers to try to sort through radio frequencies in outer space looking for intelligent life.

And who's to say something didn't slip in? I did that. I definitely downloaded that program and I had it running. I was looking for aliens. Right. So we said we never found, we never found them. But that doesn't mean that it didn't slip in. They didn't find us.

They found us. Maybe that was Satoshi. Right. And then the cypherpunks started to get huge. At the same time, yeah. Right. And then the white paper, then the protocol drops. Okay, they came in through SETI at home, Ben.

That's how they got here. I want this to be a movie. It would beat everything in the box office. I would buy all the tickets. Max the profit makes another prediction I'm looking forward to this one coming true I feel it I'm feeling it now

that's awesome and Max can you tell everybody where to find the pod where to find you guys yeah yeah if you ever need me just throw up the Max sign in the sky with a giant spotlight and I arrive at your home and I do a podcast in your living room

I've had them yeah go to YouTube.com forward slash orange pill subscribe and hit the notifications. I never really understood how important that is. And of course, do it to hear BTC sessions. But YouTube.com for slash OrangePill or join our telegram group

if you want some more of this sort of conversation with all sorts of people all over the world. And that is t.m.E.4 slash OrangePell. And where's your party? Tell us about your party. Oh, yeah. Well, fans, just pluck you. July is.

In Austin, Texas. It's the fuck Elon party. Gonna have a great party. There's still tickets available. Take it for me, Plucky. I'll be there. I'll be dancing. I'm doing my pearl dancing.

Look at these legs. They're better than Max. Look at that. I wish I could be in Austin. But if you're in the Austin area or if you can make it down, go to the fuck Elon party. I heard it's going to be a blast. And I hope there'll be more.

of fuck various people parties hosted by you guys. Yeah, I got an offer to do one in Paris already. The French were all over it. They're like, fuck Elon. Hell yeah, that's great. And they're like splashing a lot of money around. It's like we'll fly to Paris first class, do an event here as soon as possible. We desperately need to fuck Elon.

So that's an important thing to consider comparing the French versus Americans. We both had revolutions, but the Americans are so relatively plushable. and love their elite still. They never, you know, took out the guillotine. The French, however, they look at fuck Elon and like, who Max is so polite to this guy. Like he's just swearing at him. This is so polite. Let's have it here. Hey, no guillotine? What? That would be a last party. 40,000 noblemen decapitated. That's the way we do it in France. He love it would be No head

Headless He's not right For the people Marty Zowl is asking When the fuck Greg party We'll have to put something together I saw that That's a good one

Fuck Greg is coming to Yeah Where should we have that party I think that's just everywhere All the time Yeah You should have an online party Somewhere on the West Coast

Man you guys kill me with these central and East Coast parties, man. Come on. Someone please come to the to the blue states over here on the West Coast. We are. Maxis, standing on going to L.A. L.A. and Seattle. Oh, yeah, Seattle. Hit it up. Let's go.

Yeah, Seattle. There's a theater there. What's the name of that theater? The Green Dragon or something? Snap, yeah. Some aliens run it. Maybe I'll make it down to Seattle. That's not too far for me. Okay guys, thank you so much.

This was awesome. This got way more deep, way more cosmic than anticipated. And I loved every second of it. And it seems like everybody in the chat did too. Everybody watching, thank you very much. Follow all these guys.

Twitter links are in the show notes down below. Guys, I'm going to cut your audio and video as I do my little outro. But I thank you very much for being here. I will see you guys again soon. You're welcome back anytime. Appreciate it. Yeah.

Cheers, guys. Awesome. Everybody watching, holy crap, what a conversation. And everybody, everybody was given some awesome comments there. I hope you enjoyed this. This was a hell of a time. If you're new here, of course, smash that like button, give this a share, and subscribe, hit those notifications, all the important stuff.

You can hit up the previously mentioned sponsors. in the links to the show notes down below if you want to help the show in another way. Or if you really loved what you saw, you can always drop me a Bitcoin Lightning Network tip at my strike page. That is strike.me slash BTC sessions and you can just go and type in whatever you like. And send a Lightning Network tip there. I did do a total new tutorial on Strike. If you're looking to get in Lightning, all that stuff, that's on my page as well.

But guys, thank you very much. I bid you a do. as always have a wonderful day or evening wherever you may be and i will see you guys next time for your daily session