Julian Dorey Podcast - #83 - Cyber Attacks; The Streisand Effect; Bitcoin & Nation States; "The Grateful Dead"-Adoption | Mak Kemenosh

Episode Date: January 20, 2022

Mak Kemenosh is a Venture Capital / Private Equity Talent Evaluator, Startup Founder, Surfer, and longtime Bitcoin Maximalist. Mak originally began investing in Bitcoin back in 2015 and currently keeps 99% of his financial assets in BTC. He has lived coast-to-coast over the past decade and his extensive startup experience has included companies in the logistics, aviation, and financial services industries. ***TIMESTAMPS*** 0:00 - Intro; Mak’s Pandemic Wedding; Inflation is insane; The government wasn’t great; Omicron looks like a new situation; Mak gives a complex opener for Bitcoin; The dehumanization of people; Bank overdrafts are a scam 24:26 - Generations and Trust Levels; Jack Mallers & the Lightning Network; China and their ban on Bitcoin mining (and how it’s really affected BTC); The difficulty adjustment; Mak explains why Bitcoin is at a crucial point right now; Health + Family = Money 51:31 - What are China’s real motives with BTC?; Julian gives his theory on the Elon Musk Bitcoin Climate Issues from April 2021; Crypto Wallets and protection issues; The Winklevoss Twins’ wallet story from “Bitcoin Billionaires”; Mak suspects Coinbase and other cryptocurrency platforms might have a scandal brewing; What if all Platforms got hacked? 1:11:59 - El Salvador and the Bitcoin Nation State question; Is Nayib Bukele a dictator?; Julian wonders about the enormous pending GAME THEORY psychology among both nations and individuals (re: BTC); Oligopolies; Bitcoin Beef 1:24:34 - Mak gives his theory on the relationship between the Grateful Dead and Bitcoin; People want to be seen; The rise of and greater meaning behind the word “community” in modern culture 1:45:50 - Different belief systems are joining together around specific beliefs right now; Insider trading in Congress is out of control (numbers); Julian talks about a friend’s management consulting investment prohibitions; Allen Iverson was an absolute legend off the court as well 2:07:44 - The Ghislaine Maxwell trial was a Federal Government Marketing Masterclass; Mak wants to party with Hunter Biden; Recounting the timeline behind the Maxwell Guilty Verdict; Klaus Schwab and the World Economic Forum (WEC) are hilarious; Remembering the legacy of a Hall of Fame War Criminal (Dick Cheney); The WAPO Headline that had Mak and Julian in tears 2:33:21 - How do things play out over the next 1-5 years?; Janet Yellen’s Cue Cards; The weird shift towards individual states; Julian wonders about the simulation of state movements as a greater plan to divide the country; What do the most powerful people have to gain via access to “total power?”; Bill Clinton respects Ariana Grande’s talent; The Chinese Supply Chain conundrum 2:56:08 - Cyber attacks and future lockdowns?; What ever happened with the Las Vegas Shooter (Stephen Paddock)?; The Streisand Effect; The Long Term campaign to win control ~ YouTube EPISODES & CLIPS: https://www.youtube.com/channel/UC0A-v_DL-h76F75xik8h03Q  ~ Learn more about your ad choices. Visit podcastchoices.com/adchoices

I'm gonna put this chart oh is that the S&P at the bottom yeah I'm gonna put this chart in the bottom right of the screen and the beautiful part about it is it is all red and blue so this this is this is a bipartisan chart right here this shows you good to see them come together they all came together on something they came together to rob rob you blind. This is just one year. This is why you're locked in your home, by the way. They gave you $1,200 for this. This is one year. What's cooking, everybody?

If you are on YouTube right now, please hit that subscribe button. Hit that like button on the video. And as always always would love to hear from you guys in the comment section To everyone who has been leaving likes and comments on these videos over the past month or two It has been absolutely awesome an enormous help and I really really appreciate it You guys are helping this page go to everyone who is listening on Apple or Spotify right now Thank you for checking out the show there If you haven't already be sure to hit the follow button on either one of those platforms,

and I look forward to seeing you guys again for future episodes. Also, there is now the five-star review system on Spotify, as I mentioned last week. So if you go to the show's page, right beneath the picture, like the logo of the show, there will be an option. You click it, you give the show five stars to the people who've done that big help would love to see that number grow and there is still the five-star review system with a written comment as well if you guys have time to do that on apple podcasts now i am joined in the bunker today by mr mac kemanosh mac is my bitcoin guy but he's a lot more in the bitcoin guy he's a society guy he's somebody who has a lot of commentary on things that are going on, but frankly had a lot of the correct calls at the very beginning of the pandemic,

which is something I put a lot of stock into when he talks about where he sees trends going. So I wanted to get him in here to discuss the state of things, and the way it worked out was this podcast kind of broke down into two parts the first hour 40 hour 45 is a lot about bitcoin and digging deep and going back and forth on where everything stands there what's nice is that when he's coming in right now bitcoin is not necessarily in a bull market so it's a good time to discuss this when everyone's not just like jumping on the train and all that and we can talk about it as a philosophical instrument so we talked a lot about the lightning network and how that works the obstacles to btc setup game theory

and nation states with bitcoin which is very interesting if you've seen what's happened in el salvador and maybe now some other places coming up we'll see and then mac also had a great theory on the grateful dead and bitcoin and so that was in the middle of the show where he he gave a really good parallel there i liked it a lot but the last hour 20 was entirely different frankly we were laughing a lot talking about a variety of topics including insider trading in congress the epstein or should i say the maxwell trial and everything around that the world economic forum the state's movement during the pandemic some funny bill clinton stuff cyber attacks the las vegas shooter if you remember that one we we went back to that and discussed

that in a grander scheme of something and the streisand effect so there was more in there but very good wide-ranging conversation just how we like it. Loved having Mac back in here, and I hope you guys enjoy. That said, you know what it is. I'm Julian Dory, and this is Trending. you're giving opinions and calling them facts everyone understands this but few seem to do it if you don't like the status quo start asking questions like was the wedding normal because you guys did it and what like october or november when they were like all flipping out again yeah it was it was crazy like we delayed it november when they were like all flipping out again yeah it was it was crazy like we delayed it a year then everything was fine last summer right um and then we were

coming up on our date in october and they started to kind of like shut everything down again they wanted to have like a private police force a private police force come and like enforce mask mandates like you to be kidding me. At our wedding. Well, it's a Philadelphia venue. Everybody in Philadelphia government is a bunch of scumbags. Wow. Common trend.

Cross government. So, you know, her mentor and one of her good friends, and I would consider her a good friend now, Mary, has a house up in the Princeton area. Oh, so you changed venues. so we totally switched the venue did it like kind of like an outdoor like barn wedding dance floor on the tennis court honestly it was probably the best thing that could have happened it turned into like such a unique occasion and like unforgettable so so that worked that worked out well yeah all that ends well for sure yeah it looks sick i saw all the pictures and everything i didn't know you had to change that oh yeah that was like a brand's well that ends well, for sure. Yeah, it looks sick. I saw all the pictures and everything. I didn't know you had to change that. Oh, yeah, that was like a brand new venue.

That was like a total transition. It's amazing that the same places that are enforcing shit like that or were enforcing shit like that and maybe still are in October, September, pretending like they know what they're talking about, are the same places now that are backing these bigger places, the CDC and some of the government public health entities they're talking about are the same places now that are backing these bigger places the cdc and some of the government public health entities that are now saying all the things that would get people banned from twitter like literally six months ago yeah i mean what's the the running

joke on twitter it's like being a conspiracy theorist is being six to twelve months early because literally the same stuff that would get you banned you know it's coming from the top at this point in time but i have to say i'm appreciating the total meltdown of clown world because in bitcoin our world bitcoin still keeps producing a block every 10 minutes it's not going anywhere since we last talked, El Salvador is buying Bitcoin. So you have the first country buying Bitcoin. That ignites kind of the game theory there, right? To kind of start the space race, if you will, of who can acquire the most Bitcoin at a nation-state level. Can we start with that, actually?

Can you explain that to people who aren't familiar? Because that was huge news. Yeah, I mean, that's a watershed moment, right? I think last time I was here, like, Saylor had already started buying. There's been some large private entities buying Bill Miller, right? Yes.

Legendary investor. All that was happening, yes. So that was already happening. But, you know, once you have a country start to put their strategic reserves into bitcoin you've kind of moved the level up right like you're no longer talking about private enterprises you're talking about literal nation states putting their country's treasury into bitcoin um and this was all from the president right it was his idea to do the whole thing naya bukele yeah hopefully not

botching the name hilarious on twitter by the way yeah he's actually like he gets it yeah yeah like like some like CNN Muppet was like oh he's the only world leader that buys Bitcoin from his from his phone and he like quote tweeted it and he said make it you said what he said naked like i'm buying it naked on he just doesn't give a shit uh which i thought was awesome but no like once you have nation states starting to acquire bitcoin you know it gets other countries to start turning their head like i saw today on on the ride over the mayor of r Rio de Janeiro is putting 1% of Rio de Janeiro's strategic reserves or their cash assets

into Bitcoin. They're giving a 10% discount if you pay your taxes in Bitcoin. They're giving a 10% discount on taxes? Yeah, if you pay in Bitcoin. That's a big number. Yeah. Wow. Right? So it starts...

It's like dominoes falling, right? Like the Bill Miller, the Michael Saylors of the world, that's kind of like in the investment community, right? Like those dominoes start to fall and those dominoes are still unfolding, right? I don't think we've seen that end, but it's just a whole nother level of dominoes that starts this trickle down effect. I think Peru is mulling it over argentina is mulling it over all rumors that's all i'll hear say i don't think we can can back that up but for a country like argentina or a country like venezuela bitcoin's already an escape valve um for those folks that are dealing with you know huge levels of hyperinflation which could be coming to uh

a wegmans near near us that's what I'm saying like it's it's already starting yeah it's already like what are they reporting inflation at now seven percent or something yeah which is it's a lie yeah it's really it's got to be 15. do we talk about like what the CPI is no previously like so the consumer price index I don't know what it is maybe we can can pull it up like in terms of the actual criteria, I do know it excludes energy, housing, food. So basically everything that you need to live and exist every day, I believe, is excluded from the Consumer Price Index. So there's some glaring gaps there. And that's how they're measuring it.

Right. So it's just a total like disingenuous measurement i mean look other nations obviously did this a lot i mean china obviously is the main example of a company that's been cooking the book since the beginning of time but they're not a democracy no they can do that because their government says what they want and no one can do anything about it it gets a little scary to me when we do it here in a democracy quote-unquote and people don't think what's yeah people don't question it and you know i even saw this stat about the m1 money supply which starts to get a little complex once you start getting towards like all these terms that people are like what the fuck including me but it was something like 80 of it changed or was increased not changed was increased over the last like since the beginning of the pandemic

and you hear something like that and without even understanding the full context and going into the definitions you're like well that can't be good no it certainly can't when it took us what 225 years to get to to point a before we get to point b where you know the money supply yeah i believe has increased we'll have to check these numbers but i think it's gone from like six trillion to 20 trillion since the start of the pandemic and you got to ask where that money's going everybody got their 1200 and they locked you've got to ask where that money's going. Everybody got their $1,200 and they locked you away for two years. Hope that worked out for you.

But no, you've seen like 500 billionaires created. You know, not saying that they're trying to destroy the middle class and divide everyone, but if they were, I'm not really sure what they'd do differently than the last couple years. And look, none of it's worked. Like, let's just be honest. Let's look at the numbers of where we're at currently, and none of it's worked. You're talking about all the policy, especially since the pandemic.

Yeah, the lockdown, the un-lockdown. You're allowed out to riot, and you're going to lock back down before the election. Now we're going to pivot before midterms. Like, if you can't see that it's a political spectacle with really no regard for public health, you know, I don't know what to tell you at this point in time, because it just flat out, all of the policies over the last couple years, they just haven't worked. We have a record number of number of cases in the united states across the world i think we got to just like move on well the good news is let's say this these latest cases have a significant percentage of them it's not all of them it's not 80 but it's a lot of them happen to be this omicron one and i don't understand why we're not saying it like this but to me whatever the omicron is is like the best news we've gotten during covid because it's the least ain't it's like the first one that it's like well shit this one's not dangerous every other one they're like well you're gonna die of this or die of that and now it's like well everyone's getting it everyone's

mostly fine yeah like you couldn't engineer it better so i i agree with you it should be viewed in like a super positive light and you know it's not it's not to make light of it I know it's been like a serious thing but um you know we haven't considered the trade-offs and you look at fentanyl overdoses at an all-time high like uh child anxiety and depression and like teen issues in terms of like mental health are are spiking and you know i hope we don't go down as the only group of of humans in in history that have you know sacrificed the the younger generation for for the old right like we should be thinking long term and like and putting the kids first and you know thinking about a kid that like hasn't had a normal middle school experience or a high

school experience or like a college freshman that's been robbed of like their first two years of college um you know that's sad that's that's like some heartbreaking shit and you know again it's not to say that it's not serious but we got to start doing like cost-benefit analysis and it's it's funny to see like the mainstream start to do that two years in right well there's a good question i talked about this with bill fasciolo a few weeks ago where we were wondering about some of the motivations behind what we see going on or changes we see which is sad you got to think this way but to give some more context on you frankly you're somebody who sounded the alarm on the slippery slope of a lot of this stuff early as far as like anyone i know maybe the earliest of anyone i mean you were you were starting to wonder like okay this might be a disastrous precedent we're setting

like a week and a half or two weeks in or something like that after the actual pandemic itself started okay month and a half so we'll say a month everything that you seem to have at least broadly predicted as a failure of public health much like what you just outlined that we know now came true and i i put a lot of stock in that and i don't forget that when i'm looking forward now when the narrative seems to at least slowly and carefully almost like planned a little bit it seems to start to be starting to change and you have seen now over the past call it three four weeks comments come out like the cdc completely changing their guidance on quarantining from 10 days to five just very unilaterally i guess you

could say you've seen i saw fauci actually said a couple days ago or a week ago or something like that whatever it was it was within the last week where he's like, virtually everyone will be getting COVID. I just feel like I heard nails on a chalkboard. Yeah, the same. But he said something like that, so he admitted that whether you're vaccinated or unvaccinated, you're going to be getting it. We've seen it started with that Face the Nation show,

but now there's a lot of other people talking about it, including Brian Stelter going on tv talking about it where they are going over what you just outlined which is the effect on the kids what's the trade-off here are we really going to think about this and there were a couple others i can't remember them right now but the the bottom line is all the opposite things of what have been force-fed to us across unilaterally across the board are now starting to break and the same people who were force-feeding it are the ones trying to say like oh no this is what we got to think about now don't worry about it like you know we're getting with the times guys yeah i mean it's it's stunning to watch it you know what's the best way to say this

i hope that everyone realizes that they hate you they don't give a about you yeah and you know i think it's not an original thought i think i saw it elsewhere and i felt like we were going in to kind of like a darker and darker time as this emergencies lasted for for two years and i think actually we're like breaking through and like the old paradigm is kind of like melting down it's melting down in real time it took joe rogan asking three questions to like literally torch the mainstream media which has been an absolute delight to watch and like in what in what podcast um who did he talk to? Dr. Robert Mercola and Dr. Robert Malone. And look, Joe Ergen's the biggest podcaster in the entire world.

Love his show. Listen to it. But I don't think anything he did on that show was particularly groundbreaking. He just asked questions, weighed both sides, had some measured thinking. It wasn't extreme by any means and in fact it's so weird to be like neutral or in the middle that that is now extreme now you know what i mean but you know i think last time i was here more hyped on bitcoin probably in terms of like price but now i just like view it as a tool right like as this old

kind of like paradigm melts down bitcoin's like really a tool for us to become like a more connected conscious society like based off of based off of just like critical thinking and being grounded in concepts like math that are like irrefutable versus these goalposts always kind of like changing right like if you look at the last two years it's always it's always changing and it's it's always a fear-based society right like if you think about us growing up we've been in a constant state of war since we were in like what sixth grade since 9-11, right? So that's 2001. So for the last 20 years, it's always some type of fear tactic that, you know, has the masses, you know, clutching their pearls and hiding in their underground bunker.

And I don't think we need to live in a fear-based society. I think Bitcoin is one of the best tools to kind of like strip that away i think as like the the narrative melts down you know i hope it's a chance for it's hard to to realize that like what you've been believing in your entire life is a total fucking farce but i think that's you know more than anything that's what bitcoin's given me right like it's if you understand bitcoin you have that eureka moment it kind of strips away the current construct and you're like holy this is like masking tape and elmer's glue and like popsicle sticks and it's like underneath it there's this like robust organism that's like

spreading around the world, right? Bitcoin's becoming more distributed. It's becoming more globally adopted. You have countries buying it now. And it's like, we can build something. It's a lot easier to rebuild something right now than trying to salvage the current trash heap. And I think Bitcoin's a foundation for that. It's just a tool. But I think the most important thing is like, we have to get reconnected as like human beings to each other. You know, having masks on for the last couple years is just one example. Like, it's dehumanized. You don't see people's faces. And like, you don't have to like everybody, but we just need to like tap into the fact that we're all living this human

experience. And just kind of like get back to that like person to person empathy i feel like that's lost like the pandemic's kind of like turned it on its head like we all look at each other as like a threat vector like that's what they've trained you to do so yes that's what they've trained you to do so that was probably a little bit of a rangy range yeah i i want to reel it back in because it's i i understand why i understand why you're thinking about that because of the whole like bitcoin is a theme there but for the people listening who aren't necessarily bitcoiners or don't you know they hear it and they're like all right what the fuck yeah they hear something like that and you're talking about

a lot of things simultaneously that either they completely understand which is the things going on in society and how we're at this paradigm shift which i want to dig into but then you're tying it back to bitcoin and they're like wait what what does that mean and so if you could define it for people like why you say bitcoin is this vector to be freedom to be freedom and tear the paradigm down and shift it or so to speak like what does that mean and i'm trying to think like how to ask this in the most simple way but why does it have to be bitcoin and like why is that so special in this type of scenario? Yeah, I think it has like the first mover advantage, right? It's the most robust crypto ecosystem, if you want to call it that. And, you know, the title of the white paper is a peer to peer electronic cash system. The Bitcoin white paper.

Bitcoin white paper. That's the subtitle, peer-to-peer electronic cash. So when I say it helps tear down the paradigm, it rips apart the middlemen and the money changers, really the government, the Federal Reserve, it takes all of that away. It's just you and me exchanging value digitally. We don't need any of that. don't need them all they've done is inflate away your life savings and value all they've done is charge you fees we'll have to look this up but i believe that like the five main banks have charged i don't know if it's in the billions it might be in the billions they've charged billions in like overdrawn atm fees to basically people that have no money like That's disgusting. Yeah, I'll confirm that.

I don't even have to look that up. That was true. You know what I mean? That was over a certain recent period. Before you shed a tear for them, these are the people that we're cutting out. So when I say tear down the paradigm, it's ripping out. If you're looking to surf the web privately

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check the 4.99 a month plan and let me know what you think the middlemen that are essentially rent seekers that provide no value but function like leeches on a transaction that can just be done between me and you on a phone now and i think that creates a better society because your money is better spent in your hands my money is better spent in your hands. My money is better spent in my hands than having it sucked by these leeches throughout the entire system, the biggest of all, being governments around the world. First of all, they can print money out of thin air.

So nobody has yet to give me justification for taxes when they're just printing money out of thin air. But go down that route. Different time. It's a good point like if you they can print money why do they need to I just looked at my w2 it's disgusting because it's a percentage yeah because they keep as the percentage stays the same and the money supply increases the money supply of that percentage increases so it stays relevant to whatever they print they could print now eventually obviously you and I both know the chicken comes increases, the money supply of that percentage increases, so it stays relevant to whatever they print.

They could print, now, eventually, obviously, you and I both know the chicken comes home to roost and it's all over. Yeah. And you could argue that it is here and it's knocking at the door and maybe not everyone can see it yet and the final effects aren't there, but what are we going to do about it to stave off the disaster that strikes when a currency dies you know i i look at like i look at banks and corporations even i'll go there and just use the whole system and like the central government a little bit differently because depending on the situation one has the other bite of balls. Yeah.

Right? And so, like, look at tech for a second, the tech sector. Tech has the government bite of balls because they basically simulate where attention is going to be. They incentivize things like Marjorie Taylor Greene and AOC to happen because they go, this is what people will click on and that therefore will become the norm of what a politician is supposed to be. And so in a way, who's really running the government when you look at it like that? If they are sending the people that they want there, they're kind of running it. Now you look at banks. Banks are – they have a ton of influence in the government, no doubt.

So there's certain things where you could make the same argument. But then they're also basically owned by the government. They are completely by the balls of the Federal Reserve. In fairness to them, they didn't choose to print all this money. The Federal Reserve did. And they then are also public entities so they gotta return money as shareholders so while you were talking i pulled it up in the year 2020 alone 2020 pandemic right 12.4 billion dollars in overdraft fees from the banks okay so that that that's called covering

operating costs for all of you people out there who review balance sheets once in a while you know and they're doing that at the bottom of like a disastrous economy where the everyman which is who they're taking this from by and large is trying to get 1200 from the government just to survive not even realizing that the government just took that out of thin air from the money tree you know it is a crazy thing to put together in your head, but where the Bitcoin aspect of it comes in is – and we talked about this part last time, but you always got to bring this up for people that haven't heard that or don't understand some basic ideologies of it. It's like it's capped at 21 million Bitcoins. We already have – minus the ones that are missing forever, we already have a little less than 19, like 18.6 or something like that. There's not a lot to be mined left. Right. So we already have most of less than 19 like 18.6 or something like that right so we already

have most of it in circulation and because it is set up on a smart contract decentralized meaning no one controls it we don't know who the founder was satoshi nakamoto that can never be changed and so no human being can kick the can down the curb and print away your wealth it's a spot-on summary of it I think that's the the key value proposition there that you know it's deflationary right and I think you know the Federal Reserve will tell you like inflation is good for the economy but it's not it's it's not good for the end consumer it's a it's a hidden tax it's a it's actually the most insidious tax out there like they're saying the cpi is seven percent right so if you didn't get a seven percent raise this year

you're losing money really if you didn't get like a 20 percent raise this year you're losing money really if you didn't get like a 20 base this year you're losing money right losing money in the sense that if you were able to buy a 10 ounce soda before now you can buy an eight ounce soda for the same amount of money right so you know they're just they're screwing everyone every which way and one of these days it's going to stop and i think bitcoin is going to be the dagger that does it but i feel like we're coming to that watershed moment right like i think we're getting close like it does feel like we're at a big shifting point in society it's it's been a long time it's probably been since like world war ii that we've had like a really big societal shift you're coming up on like a 100 years when was the american revolution 3 1776 or 1775 250 years yeah so like if you look throughout history every 250 years there's like a big big turning every 80 years you could say but

every yeah every 80 years um but i think we're i we're getting close, and I think it's a huge opportunity. We have all the tools to build, I think, something fantastic that's more local, more tapped in, more tapped into your neighbors. And a lot of that is the peer-to-peer exchange with Bitcoin. That's why I say that it kind of will take down the existing power structures because, you know, what if you're out here, you know where we're at, like, you know, you go directly to a farmer, maybe he's got tomatoes, boom, payment Bitcoin, phone to phone, right? Or maybe there's a cattle farm around here and you want to buy

a cow for the year and freeze it, boom, phone like you don't need you don't need all of these organizations that have like positioned themselves as middleman so when you say like decentralized i think it's really important i think decentralized sometimes sounds like aloof you know what i mean but decentralized really just means me to you so it's actually more intimate and like holistic and we have more, but we have more to gain from it by just transacting directly. So I think, yeah, decentralized sometimes sounds cold. But really what it means is me and you without all the other nonsense. And I think that's a great thing.

And if you look at how that spider webs out you know across the globe like if everybody starts transacting in a decentralized fashion just creates these like positive effects where everyone's more tapped into the people around them versus looking up like everyone's looking you know what's the directive from on high like that's yes that's what everyone's been doing for the last couple of years and i don't think it's working that well because we're all individuals. We all have different means and goals and wants. And the more dynamic that is like the, the more we can just do that on like a one-to-one basis, the more organic it is.

And it just builds like a better foundation than, you then you know this this top-down approach just it just doesn't work i mean i think the last couple years and really even since 2008 in the financial markets just demonstrate that like a top-down heavy-handed approach it doesn't work for for a world of eight billion people but i think if you let everyone make their own decisions and come what may like people always do the best for themselves and it's just a i think it creates a firmer better more organic foundation in my opinion if you look at history and there's certainly exceptions to this but trust is something that tends to disintegrate over the course of one specific cycle of a

generation and what i mean by that is the kids who were born into the 9-11 world so call it the kids born 97 and later but i could even go earlier than that yeah i would say we were born into it right like yeah yeah but but there might be free i mean you're what like five years older than me six years older something like that so well you're getting up there a little bit so am i but there's like there's a world that you may know that's like a little more innocent before that i don't know how much i know that but i i do know that i lived through at least like five six years of it something like that and could comprehend a couple things at least the kids that were born in 98 99 they don't know any of that they only know a world of chaos they only know the world of what you talked about 10-15 minutes ago they only know a world of fear yeah and so once you had that crisis happen in 0809 the average kid

watched like their parents struggle yeah they watch them never truly recover they see their parents now 12 years later still looking at the bills and not even talking about retirement or actually let's take it another level and let's say they even see how politically involved they are and how opinionated they are because they're angry rightfully so and they see their friends parents it's the same way and then people get mad at each other because they have different beliefs and all these kids what they do have in common regardless of where they stand or what they think of the world, is that they don't trust shit. They don't trust any institutions. They, I mean, just go look at some basic comments on bullshit posts on social media about nothing, just in pop culture. so that what you saw throughout the 2010s is especially with the internet and the youngest

generation driving the volume of the internet that thought process of lack of trust bled over into all the other generations yeah so that same perspective they have in my opinion is what an overwhelming majority of people across all generations up to even the oldest people we have in existence happen and now feel which is fuck all this yeah these people and by these people all of them the the government the the corporations whatever we whether we completely disagree on how to handle it which clearly is the case in a lot of different directions either way we agree they're all full of shit and and this this has to end yeah so now bringing back in the bitcoin point

you know how first of all how close are we to to actually transacting in the simple way that that you just pointed out like going to a farmer and paying for something phone to phone and bitcoin immediately instantaneously i mean we're there lightning network exists like you you have instant payments can you explain lightning network and jack mallers and everything let's do that i kind of i was hoping you were going to say that so this worked out i mean it's a look i do not bring like the technical background to bitcoin i view it more from like a historical political monetary history lens but essentially what lightning network is is a second layer solution so bitcoin is like the

base layer of settlement and lightning sits on top of it when you say settlement what do you mean by that meaning that the transaction is hashed right so it's projected out to the network and then it's um essentially immortalized put in Amber right like every Bitcoin transaction is just imagine like Amber stacking up on top of itself right so at the settlement layer creating a fossil yeah creating a fossil yeah so you know it's baked it's buried you can't touch it there's not enough computing power in the universe to to undo that transaction once it gets continually baked into the blockchain or the time chain and so as an example just to extrapolate on what you're saying let's just use it of you are paying jim in bitcoin you're paying him one bitcoin for something and that

what you just explained with building in the amber and also how it hashes out and builds the block within the chain hence the name is this the speed is increasing with which that happens. So the question that a lot of people have is like, how does that happen? And that's where we get to proof of work. And so this is the reason I bring all this up because proof of work involves people around the world, regular developers being incentivized to to come together as individuals

as a part of a community to confirm these transactions as they happen and so a criticism of bitcoin has been that well when it gets overheated and too many people are transacting which you'd have to expect if it became money everyone's going to be transacting in it oh there's not enough devs sometimes because it's not a centralized system it's organized yeah so lightning network you're saying is now the second level and or second layer yeah and what does that mean yeah how does that change that so i think the probably the best way to think about it is like your bank account your personal bank account it's kind of like a settlement layer, right? And the best example would be like a credit card that you can run on top of it, right?

So when you're using the Lightning Network, it opens up a transaction on that main Bitcoin settlement network, but it's a channel that stays open. So you can have funds go in and out until you decide to close that channel and then it gets baked into the blockchain. So there's still an accounting methodology there, the same way that your credit card statement comes due eventually

you have to pay it eventually have to kind of like close that channel and settle it but what it allows for is is instantaneous payment basically right on top of of the bitcoin network with the bitcoin network as kind of like the underlying guarantee that, that it will be settled. So that's like an overly simplistic, uh, explanation of it. Like Jack Mallers is a beast and he could probably lay it out. He's like a kid too. He's like 25 or something.

He's young. He figured it out. He's the man. So that essentially is the, the, the question people would have coming back to that as like a that as a devil's advocate is, well, does this – could this cause double counting? Yeah. Because it's not – what you're saying is it's not happening live.

It's literally like a credit card. You agree that you're putting it in this system so whenever the devs can get to it, they'll settle it. But yeah, this happened. I traded one Bitcoin for this thing. It's on the blockchain on the Lightning Network this way. So because the entire concept of Bitcoin is built upon that consistent supply and knowing exactly what's in front of us from an inflationary standpoint, there could be some people who are like, well, mean we're gonna have clog ups and backups because oh wait there were transactions here that didn't then settle with this one and now this bitcoins here and and by the way there's no government backstop with any of this it's the best part no because there's still that accountability right so if

you if you try and game the system like if you try and double spend on Bitcoin, I think that's something that's important to understand. And you've kind of like hinted at it in terms of like hash power and proof of work. The miners serve the network. This is why the China FUD was always hysterical. It's probably the best thing to happen to Bitcoin this year is that China actually finally banned mining. All of that mining has now been distributed across the entire world. It's a beautiful thing. And why was it all happening in China? Not all of it, but why was such a large volume of it happening there?

In a scary way, they have a monopoly on semiconductor manufacturing, which is super important for high high velocity high power computers um they manufacture most computers in china i'm not aware of computers getting manufactured really anywhere no it's pretty much yeah it's pretty much all there so they have a manufacturer they have a manufacturing monopoly on hardware and then um what is it the guangzhou region probably botched it i don't give it i know exactly what you're talking about yes yes so they have a huge in the south yeah so basically it's seasonal right so they have a huge amount of hydroelectric power and then they basically flip

the miners to another region in the winter so it's like seasonal but it's always juiced and they have these like huge just a huge amount of hydroelectric power so they have cheap hardware and essentially free energy so that's why bitcoin was pretty centralized they're like 60 of the hash rate meaning the computing power pointed at the bitcoin network was located in china and once they banned it it it, that's what I love about it. It's actual true capitalism, not the fucking fascist bullshit we have going on here. Dude, they just packed the miners up,

sent them to Kazakhstan, sent them to the US, sent them around the world, and just immediately plugged that computing power back in as soon as possible. When you say they packed the miners up? The people that own those mining units so kind of oh god so yours okay all right wait that's a little different so what i thought you were

getting at for a minute there was that a lot of this was kind of like government sponsored no they were doing it so it was like this backhanded like oh we're ripping bitcoin publicly but we're all you know i think there is a little bit of that if you're thinking like if you're thinking like three or four d chests but no these are all private entities private companies private citizens such a thing exists in china that owned you know bitcoin miners and and we're basically powering the network but yes if you if you think that china didn't really ban it because they've banned Bitcoin, what, like 50? 100 times.

50 times at this point? They actually, that was, you know, I usually have to give them credit for being great totalitarians, but, like, they've really mismarketed that. They've done it so many, the boy who cried wolf scenario happened by 2016. But they really did it this time, because, like, all of that hash rate got shipped offshore,

meaning all of that computing power is now distributed, right? And Bitcoin went up. Yeah. It went down for a second and then boop. Yeah, hash rate went down. And again, hash rate is just the amount of computing power pointed at the network. I think it's at an all time high right now. But if you're thinking that China's not really that dumb, which I don't think they are. They're not it's a ploy to get rid of older mining hardware right that has slower processors meaning like it can process less transactions basically like a pump and dump on the rest of the world so that they could then

plug in the new mining technology the more advanced ones the newer miners but we'd be able to see that because we'd be able to see who's settling transactions yeah where they emanate from i should say yeah 30 of hash rates still exist in china so if if that's if that's a ban i don't think it's going that well yeah that that's suspicious i didn't know that it's that high i saw a report on that okay i'll pull that up if i can in a couple minutes yeah but yeah with them i'm always looking behind the curtain like what are you really trying to do here you know maybe it's a hardware dump like get rid of the old shit well we'll plug in the new new still got the free energy we still have the manufacturing monopoly in terms of hardware so

it's been it's been an interesting time in Bitcoin since we last talked, right? Like you have, that was probably the biggest, that's probably one of the biggest things to ever happen in Bitcoin, right? Because if 60% of the computing power goes down, that could be fatal, right? Like that could really,

that could have been a death knell for the bitcoin network but the way that it was designed shock absorbers it took basically took the hit and now it's back stronger than ever and that's if you get into it with some of like the hardcore bitcoiners they'll tell you that the best thing that that satoshi baked into bitcoin is the difficulty adjustment so that basically the difficulty adjustment the difficulty adjustment and that's what allowed it that's what allowed the bitcoin network to absorb that type of shock with like 60 of the computing power going offline so the difficulty adjustment as i understand it is it basically determines how complicated the math problem is because when you're like when i say

hash power you're basically just pointing uh computing power to solve it like a an equation to win bitcoin yep so you know it's very complex, right? It takes a worldwide computer network pointed at this equation to solve it, and then you win Bitcoin. So it's like a dynamic load, though. And that's the coolest thing about it. So as hash rate goes up, the difficulty adjustment goes up. The math equation becomes harder and harder to solve in order to win the Bitcoin but it can also adjust downward so when all that hash rate came offline if the difficulty stayed the same could have really big problems right like the the blocks wouldn't be hashed out in 10-minute intervals which is rough

roughly where they stand how does it know to adjust um i think it like back dates like every it's a certain number of blocks like a certain number of blocks like the it kind of assesses like how much computing power is pointed at the network and it adjusts accordingly so china comes in and bans bitcoin mining and therefore the network then sees oh suddenly whatever it was 60 50 60 goes offline and so now it knows like oh these blocks suddenly are going to be are going to be lesser and also bigger because now we're going to have never bigger never bigger but it would take longer so whereas like a block is yes um because we had the whole block size debate which roger can go get fucked um yeah you're you're bitcoin jesus now you officially took the term i gave that to you

last time i gotta take it from him yeah nobody nobody better to take it from you know he's i blessed you he still holds bitcoin by the way he holds a lot of bitcoin cash though whatever the fuck that is still holds a lot of bitcoin i still don't I still don't know what that is that's a waste of an episode we shouldn't even get into that but um no the blocks would take longer so it would take 20 30 minutes right if the difficulty stayed the same but the network has like this built-in it's almost like like a live organism like it knows to readjust so it was able to adjust down and that's why you're able to see the network like Flex and I think that's tying it back into kind of like what we've we've talked about thus far in terms of like organic decentralized systems versus like top-down systems something that's

built on a on a firmer foundation like that right It was able to absorb a huge shock and just carry on. Whereas like, you know, I don't think like traditional markets could handle like a 60% outage. So to me, I don't care, you know, whatever the price spike this year, we're not at all-time highs. That was the most important thing that happened in Bitcoin this year to see that amount of computing power come off the network the thing doesn't blink the blocks are longer for like three days and it's just business as usual that because we're gonna we're coming up on tests with bitcoin like all the mean like all this stuff

we're talking about in terms of a paradigm shift, where this goes, how this ends, if I don't sound as bullish before, it's not because I don't believe in Bitcoin, but I do. And I'll

fucking go down fighting for it with my last breath. It what i mean it's it's my family and bitcoin like i i won't give in it's like we're ride or die on this shit like we're going to zero we're here to like change the world for the better but because you also view the existing system is already done anyway it's done we got to build something it has to be you have to have a win you can't have a loss loss you know dude it's like the old it's burn the ships man you ever hear that story it's like an old greek story which one the

burn the ship story yeah i definitely have which one though there's a few ships there's the one where it's like the guy was drowning and three people come to save him and he's like no god's gonna save me and he dies no not that one it's uh it was like dude i don't i don't remember the specific uh you know islands that they were doing it on but basically it was two armies squaring off and the one general like lands all of his troops on the beach he fucking burns his own ships and he's like he's like we're gonna fight and win that's it you know what i mean going down swinging you know what i mean or we're going down swinging that's that's how i feel about bitcoin so you know i just think it's a it's a

tool for for what's to come and like i think the cards have been shown over the last couple years being like the the financial markets like these senators are fucking trading options and they want to see you send a 600 venmo while they're losing trillions of dollars in afghanistan and trading options like you know they they just locked everyone at home and now they're telling you it's fine after two years like if you can't tell it's a joke and you can't tell that they fucking hate you at this point like so we all gotta wake up we all gotta grab the tools that we need and we gotta move forward like we gotta burn that old ship behind us and i think that we can build something new and and better but yeah i don't have a lot of

faith in like voting or the old system or democracy i mean i think it's been proven to be pretty much a farce and this is this is this is back to the main point here, that some people are going to be like, wait, what? But I get it. And you are commingling all these things because money is at the middle of it. Whether you like it or not, it is. I always say to people, I would say this in my career, I've said it on this podcast probably at least five or six times before but if you ask the average person what the most important things in their life to them are besides their ability to live it is their health and their family and the health is actually quite literally their ability to live right and i always would look

back at them and say your money pays for both. It is sad. I don't like that idea, but it's true. It is what it is, and you have to understand that taboo is a fact. The idea is if you take the money out of the control of those people, those groups that even if a lot of them aren't evil but they're sucked into the group thing. There's enough evil people that guess what? That wins. Love is common denominator. Always wins. Too bad.

It's gone. So now Bitcoin comes in and says, all right, now you have your money on your own hard drive, your own wallet. You can transact it with other people over networks that they don't control, and they don't control this money, period. So great place right here to transition it to the tinfoil hat time that I always think about because I still want to think about all the possibilities here, and we have to. Sure. But I'm very much on the same page with you in that i believe in bitcoin i'm also very much on the same page with you that the existing system is it's dying yeah like it's it's not really savable in a lot of ways now we'll have to completely shift and i would like to see bitcoin

be the thing that shifts it that said i still always look at well what if what if there's some sinister shit at play because you do see all these people who have fucked people over and over again and somehow the same generations or not even generations i don't want to go straight to like bloodlines because that's not always what it is but like the same types of people remain cycling out generation on generation taking advantage of others the is but like the same types of people remain cycling out generation on generation taking advantage of others the average person in the same way and so a couple things to start with here that i think are good spots to really think critically about this first is when you look at the whole China thing we just discussed and that reverse psychology of, well, is China just trying to drive price down because either A, they're trying to crash it, or B, trying to buy a lot for themselves.

Same thing. Keep that under the same lens I could say about the US government. And the reason I think about this is because of the whole elon musk thing last year and so the elon musk moment for people that aren't familiar this was after we talked this was like two months after you and i sat down or something like that this is the end of april elon musk 2021 elon musk had started to publicly buy bitcoin within the treasury of tesla in january 2021 which was huge bullish for it right still continued to meme about doge which then frankly was funny but the point was he was taking that he was accepting bitcoin as payment

and he was buying it in his treasury so two-prong attack there and it was like whoa and so now everyone's like oh elon god within the bitcoin community he had it in his profile and he didn't go like he was always what i liked about him was he didn't he was never like a maxi or anything he was he was still very diligent about it like hey yeah it's it's very interesting i don't know all of it but it's very very interesting he was never like a maxi or anything. He was, he was still very diligent about it. Like, Hey, yeah, it's,

it's very interesting. I don't know all of it, but it's very, very interesting. And we have to pay attention to this. And there's a lot of use cases for this. And obviously he doesn't like the government very much. So,

you know, he gets a lot of subsidies, but, and that's exactly the point here. This is what I want to get at. So in April, that's when it came down. We're out of

nowhere he didn't say they were selling it on the treasury but he comes out on twitter and writes up a weird very formal statement which is not like him on twitter he's a shit poster where exactly so this wasn't a shit post and it was this kind of dignified but low on detail explanation as to why he was no longer for the moment going to be accepting bitcoin as payment because of its effect on the climate which from an energy uses perspective without looking at any context you could hypothetically say but then when you look at context of what it's competing against and stuff like that which you and i did talk about last time that that argument is making less and less sense every day and so a guy who i consider and a lot of people consider to

be at least one of the smartest people on planet earth who's a brilliant engineer has built all these great companies tweets out something that a regular person like me could look at and destroy with facts in about five minutes and so when i saw that i didn't get angry at all i immediately went to they made him do it yeah and so here's here's why i was okay with that for one second as a little sidebar was because his whole thing is he wants to affect humanity in five different ways he decided this in college and it was like the first thing was basically the internet the second thing was sustainability third thing interplanetary connectivity fourth thing artificial intelligence fifth thing call it like genes right and dna and and manufacturing humanity in a way that's

conducive to the continued existence so he's touched all of those in some way or another with various companies that he has founded or been a part of his whole life is built on sustaining us as a human race like he has made that his life's work he doesn't do anything else you can watch his jet tracker going around i mean there's a twitter account of it this guy is a fucking machine and so unfortunately the point you you brought up a couple minutes ago is entirely true in order for him to have any chance as a fucking car company on tesla or any chance as a space company trying to partner with nasa which is a government organization your entire business to affect humanity in two to three of

those five ways is completely dependent unfortunately like it or not on the idiots in the government and so i saw that and i said someone tapped on his shoulder and said elon if you ever want to have a contract again you're going to crash that price and i think bitcoin twitter i was very disappointed did not see through that and they started trying to call him an idiot and all these things and i'm like you're not seeing what this is he's not going to sacrifice his whole life work for bitcoin right now and you should be looking at this as a resilient moment to be like who cares right he didn't stop taking it on the treasury but i looked at the price action that happened from that it basically

went from 61 000 over the next month and a half down to his low for like a minute as like 29 or 30 31 something like that for like a minute it was like overnight too wasn't it it was quick like I never saw it at that price I should have trailing orders anyway but either way i saw this and i went was that the government or entities powers that be trying to crash the price so they could buy all of it or was that them trying to destroy it god i'm so split on it dude me too so split on it it's probably blackstone right aren't they the don't they have a huge amount of Tesla? I don't know. I feel like Blackstone is like the government lackey.

Blackstone or BlackRock? That's important. Ooh. It's BlackRock. I think it's BlackRock. Yeah, you're looking at BlackRock. They're the ones buying up all the residential housing. I got to check. BlackRock is basically an enormous investment manager that has holdings in

you pick all the big industries yeah anything i think it's black yeah so i think it came via the government through black rock because i believe they hold tesla um i don't i don't think these people are sinister but they're not dumb. Yeah, that's very good to say that. You know what I mean? Some of them are evil, but they're not stupid by any means. They're very smart. So, gun to my head, I think their bags aren't full.

I think they didn't like the price action. Getting away from them. And I think it's because their bags aren't full. I think they're smart enough to know that you probably can't kill Bitcoin at this point in time. Short of a cyber pandemic, which is next. We'll go there. Keep going. Where they shut down the entire internet.

But I just don't think you can shut down the entire internet at this point in time. It's critical infrastructure across the world. How would you even do that? You know what I mean? So I think it's them. You can't. I think their bags aren't full. I think they're smart. I think they're hedging, and they want to have a big position.

And, you know, again, that's where kind of the game theory kicks in. There's only 18 million. So it's me and you and the plebs for like two or three Bitcoin, like duking it out with governments of the world for like what that looks like. And if you think people aren't going to play games and use leverage in traditional markets or any tools at their disposal to try and shake that loose from you, you're mistaken.

They're going to try and get Bitcoin at every cost. I think my main concern is probably regulatory capture at this point in time. I don't think enough people control their keys. Enough people don't store their Bitcoin themselves on their own wallet, which I don't know if we dove into before. We didn't really. Can you explain that?

Because I know I don't do it the way that you would want me to do it. I use MetaMask, so I'm not going... Oh, no. Yeah, I don't have the hard drive and all that set up. The hard yeah i don't i don't go i don't have the hard drive and all that set up the hard drives are for the podcast right here they don't have bitcoin on it get another one for your bitcoin okay um so anybody that's listening to this and is interested in bitcoin and wants to buy it like self-custodying your bitcoin is the most important thing because number one means nobody can steal it and number two I think some of the exchanges are running like a fractional reserve scam on

Bitcoin so like coinbase yeah meaning that if I heard one Bitcoin they're taking point zero zero zero one out of there yeah right yeah whatever they're selling if you have one they're taking point zero zero zero one out of there yeah right yeah or they're selling if you have one they're selling ten based off that one that they're holding for you what do you mean they're selling ten that that would be double counting times ten counting meaning like they're they're selling more bitcoin than they actually have on their balance sheet maybe i used the wrong example yeah no now. But like, how can they even do that? Because if you don't hold your own keys, it's not going to be accountable to the network. Oh.

So nobody can ever, it would be like, what would be like the traditional financial instrument where like, be like, not options. I'm trying to think of what would be like the traditional financial instrument where like be like not options trying to think of what would be like maybe derivatives or something like that where you're like selling more than you you know what i mean you're selling more than actually you're selling a bet yeah you're selling you could say options too but i like the derivative example better because that's like what for people out there that's basically the the center of what was the housing crisis they created these derivatives of these packaged up piece of mortgages and then sold also bets on the other end as insurance against those things it was like this giant like loop where they took all this and made like a giant

pile of and then you call it in you have 2008 so yeah i think there's basically would it be fair to say they're selling more bitcoin than they actually have and if everybody were to withdraw their bitcoin to their own wallet that it would be like a bank run i think it would be a problem so what would make that happen oh we try every day on bitcoin twitter yeah you try we try and organize it i know i see it everyone withdraw your your bitcoin all the time but so i think you're asking about like the best is when i told you i bought some bitcoin on robin hood one day i think i black i think i blanked that out of my mirror I was like what the are you doing dude I did that with you in mind I'm like I just want to do this so I can

tell them I did it should have at least bought like an option or something or done like a trade but no so like storage of of Bitcoin on on the hard drives I can't believe you're storing it on metamask I don't know if we're gonna have to offline about that but jesus christ um i may have changed the name but the same idea put it that way oh man so the cool thing about bitcoin is i would think about it if you're getting familiar with the concept it's like uh it's like a street it's like a block of houses the actual bitcoin never moves you're just exchanging the keys to open that front door. So if you leave your keys on the exchange, they can get in any door that they want,

or they can certainly get into your door. But if you withdraw it, you hold those keys. Nobody can ever touch it. So if you're getting into Bitcoin, you're buying Bitcoin. If you've been buying Bitcoin and it's on an exchange, please get that off. There's tons of resources. Ask anybody on bitcoin twitter they'll snap to it and have that shit like deep and cold storage so that it can never move

without you know multiple device signatures and they'll help you out like people people love to help on that front this is another question of mine around the space that i've always had and i still have never had it adequately answered but look anytime something's coming into adoption and this is only 12 13 years in i mean we're so early with this in the context of time like there's always going to be stuff like all right how's this really going to work and you're going to have questions so i'll continue to have those but you know like i remember reading about the winklevoss twins when they first bought their huge positions and the measures they took to store their Bitcoin on cold wallets and what they went through to do that. And I was like, holy shit. That was in the book Bitcoin Billionaires by Ben Mesrick, which I would highly recommend people read.

Great book. by ben mesrick which i would highly recommend people read great book but they long story short they took a weekend and they flew on separate planes to seven different like nondescript towns across middle america to all these different banks and put pieces of a i think it was like 50 to 60 character yeah code in seed phrase written like like on little letters like in different security deposit boxes that were in a certain pattern so it could never get fucked with and when you hear stuff like this and you're like this is going to be the future of money i always look at it like the average person has a life and they have like there is some value in a quote-unquote backstop for across average humanity right so once you move to this bitcoin system there's no fdic there's no and and

again there's a lot of negatives that comes with this stuff that's why we invented this whole thing i want to add that but i'm saying like some of the basics of you can get insurance on stuff you can have a backup code to get into something there is some sort of record that you own this thing in this place as far as like monetary value goes that's all out the window and you see it early on in the stories of guys who have lost their bitcoin you know accidentally threw out their hard drive or that guy's still looking in english dude i know he's like tearing across like all this so sad so sad he's going through like all these different dumpsters because he's got like 300 million dollars or some on there but worth a bitcoin but you know they're they're also there's the people who forget their password which is the saddest one to me yeah and like then it's it has a it has like a lot of these things have like a 10 try lockout yeah like once you try

it 10 times you can no one ever gets in thanks for your donation to the network that's the point like donation to the network but now it's gone right it's off and it also deflates everything out there which i think could be okay but i look at this and i go how many people are gonna lose their fucking money like they just misplace it it's not like cash like people lose cash all the time but like you lose you lose your whole bank account by accident and there's no bank of bitcoin yeah no it's it's a fair critique i wonder what types of products will pop up. I think that Bitcoin at the end of the day, ultimately drives ingenuity, right? It's a pure system and that it requires people to innovate in a positive fashion to make the experience better at every step of the way. Because it's an

unchanging base. It allows people to kind of you know figure out which products and services are necessary like unchained capital now offers like a really smooth multi-sig where you store their bitcoin with them and you can get like a cash loan against it casa hold does the same thing like so these i think something it's probably a weak answer like there will be some type of insurance and there might be Bitcoin banks that like have to always validate, you know, via the blockchain, via the Bitcoin network,

like what the holdings are and maybe they'll like lend you Bitcoin on top of that. So like your stack isn't at risk, but. Well, let's ask a question about that example, actually. So what was the name of that place you just said uh unchained capital okay so unchained capital let's say in a perfect world everyone's using unchained capital or what or an equivalent yeah those companies get hacked while they're holding your bitcoin your bitcoin's gone yeah whereas if a bank gets hacked these days

they got their buddies at the federal reserve, everything's going to be all right. You're going to get it back, unless they all got hacked at the same time, which is another question. It's a trade-off. I think you're nailing me down here, and I think you're right. It's a trade-off.

You can lose it all in Bitcoin right now if you don't have good data hygiene and storage hygiene. I guess I would counter that one of the biggest things that seems to be lacking in the current world is personal responsibility. So if Bitcoin's the thing that gets you to get your shit together and pay attention and take the proper steps to take care of something that's of value, you know, that can have a positive effect throughout your life. Like if you take care of your Bitcoin, you might start paying attention to other things you can do better at. But that's a little bit of cop out. It's a risk. It's a trade off. Like there's... No, it's fair to have this conversation. I mean, I'm on your side. I've owned it for a long time. I love it. I think it's great. And I agree with how you put it.

It's a trade-off. I would like to see some sort of, out of that ingenuity you speak of, some sort of solution for the every person. Because I think, when I think about any of this, Bitcoin, whatever it is, I think about like the future of humanity and how we interact with one another, and I include in that how we trade with one another in value. I have to think about every individual type of story. I have to think about the single mother working three jobs. I have to think about the people who have been lost for generations upon generations. I have to think about the the places where technology has never been a big thing it's not a part of the culture and so all of these

different people may be very smart and actually very responsible people but they're not getting them to adopt this and take that jump is hard especially when you're telling that you're not only telling them to get comfortable with an entirely new world and paradigm which everyone has to do to some extent yeah throughout human history let's be honest but like you're telling them to take such an extreme jump and also say by the way you're responsible for it like if i went not that this is the greatest example because frankly the older generations are the closest ones to not being here, but, like, if I went to my grandma and said, like, hey, that whole bank account, bullshit.

It's done. We're giving you Bitcoin. My grandma's losing her Bitcoin in a month. It's gone. Unfortunately. Yeah, and then I assure you, she's a very healthy woman, but she's dead the next day. Like, her blood pressure would go through the goddamn roof you know no one wants no one wants to kill grandma because of bitcoin no no we don't i i certainly don't um you know i think

you brought up an interesting point um you know it it's probably not going to happen here first. And I think if you look at the usage numbers, you're starting to see Bitcoin in places like Africa explode, right? So like necessity is kind of the mother of all inventions, right? Like if you keep people under their thumb or under the thumb, so to speak. You know, it's that like pain and suffering that causes you to change and maybe adopt a new solution. Like you're ahead of the curve in the U.S.

You know, folks in Venezuela aren't adopting Bitcoin to speculate on price. It's because socialism has destroyed what is one of the, I believe, top 10 or 5 energy-rich countries in the entire world. Like, I remember when Venezuela was flying high on oil. They managed to ruin that in 10 to 15 years with socialism. So I think, you know, it's going to come from probably third world adoption first. And you're starting to see those numbers. So it might not be my grandma or yours, but people that are backed into a corner, monetarily speaking, tend to find Bitcoin and they use it.

And they learn those good habits because they have to. They have to to survive. It's like a survival mechanism. Hungry dogs in a corner will learn how to eat a hundred percent i think so i think we can take this to some nation-state existentialism then this this is this is right on point here because like we mentioned el salvador was the first nation to really start buying this in their treasury they accepting his payment even

and we didn't mention this but there was also like the he started he started with this was like kind of some dictatorship but it was a little bit he's a little dictator i'm not yeah like he started what was it like subsidizing some of the some of the national energy companies to like mine it or something like that they're gonna do volcano mines dude that's something like dr evil level shit it's so tight yeah so anyway um we'll talk about that later but these other places venezuela is a phenomenal example because of what happened like if you want to see a case study on what inflation does to a society god they're one of the best you could ever look at i mean i mean i feel i feel for the people there but i mean it's not antarctica with like no resources they got a shit ton of oil like

dude they were flying high 15 years ago 16 years ago yeah it wasn't that long ago no no it was quick it was like it was i don't want to say overnight, but whatever the next thing after overnight is, is what it was. Yeah. So you have, I think, you know, you have these inflationary nations, which I would include us among them at this point in time. We're not quite at an Argentinian or Venezuelan level. So that's one feeder. This is why Bitcoin is so great. It's like so malleable.

And it's like, it just turns human nature which is like greed and survival into itself in the best possible way like it allows us to all transact and survive on like an even playing field you know what i mean versus like you're gonna go up against the the regime of venezuela you're gonna go up against the federal reserve it's tough if you go straight at them but if you go around them with bitcoin okay i just thought of something i should have thought of this a couple minutes ago this just bringing me in line now so this is a better argument if it creates that even nature it also creates it for the upstart nations like you were saying so africa south american countries whatever let's look at just think of everywhere the cia's medals let's look at this we'll get there let's look at

this from two different angles then very very different angles but actually the same thing which is kind of weird to say first is the nations let's say there's a scenario where south africa or not south africa africa and south america like a lot of countries from those two places which happen to be stricken with a lot of different countries that have poor monetary systems that are in place like the poorest and therefore have a lot of poverty problems yeah let's say that they lead the way and start buying all this bitcoin and then create an ecosystem within themselves where they're the ones holding the bitcoin are all the other countries around the world in first world areas gonna give a fuck if all the volume goes to the places that they only have themselves to trade with anyway

so like all right figure it out with your own resources now you don't get to tap ours that's one scenario the second scenario and this is the easier one to think about and i do think about this a lot is the volume of ownership across I don't want to say individuals. I want to include institutions, but a top-heavy system. So like you look at the Soviet Union when the Soviet Union crashed or ended, whatever it was. The reason Russia, the new Russia experiment failed is because they created oligarchs. And you hinted at this earlier, talking – or you said it directly earlier, talking about how we're getting more. We added 500 billionaires last year.

We left behind the whole middle class. We're shrinking that, making everyone a pleb, whatever. I would say we kind of have an oligarchy here. It's certainly not capitalism. I don't know what the definition is, but what we have in the United States today is not capitalism. So we're already doing that i agree with you a thousand percent how is bitcoin totally different and i'm not even hating on these people either because i i think a lot of them some of them that we don't know about i'm sure aren't

thinking like this but like the guys like michael saylor the guy from micro strategies who's been a leader in all this the guys like the winklevoss twins who have been like day-warners with this whole thing, they are looking at this as like they take it to the people every day publicly. They're like, come on, let's do it. They still own a significant percentage. There are other sinister people around the world who we don't know about who probably own a significant percentage. There are governments, corporations who we probably don't know about who own a significant percentage. So if you have, I'll just throw out random numbers here,

the top 50% of the entire Bitcoin supply controlled by, say, 75 to 100 people slash entities, how is that not creating an oligarch system even worse than the one we have well think about the people that are buying Bitcoin and why like we're not gonna be able to abstract human nature and the things that we all want as individuals yeah so no it might like they they have a monopoly in terms of spending power the difference

is they don't have a monopoly in terms of changing the rules and in the current system they can change the rules and they continue to change the rules to fuck everyone so will they have a monopoly on spending power sure but at the end of the day, in that situation, Bitcoin is just money, and they're going to have to spend it on something. And because they are more benevolent, and they can't change the rules, they're going to have to reason from first principles to spend it in the best possible fashion that continues to benefit them. So they're incentivized to do the right thing. short you would think i would say so no i actually now that i think about that how you said that i think something that would give me solace on that

is that the let's say evil person x owns two percent of bitcoin and then let's go crazy let's say that top 50 i talked about 75 people they're all the most evil people on planet earth if they just hold all of it they have it like a piece of art in their back room there's there's nothing with it and so that whatever is left of 49 or 50 that's left that has even greater value now around the world. And people are trading it and transacting to be able to move the economy. And so it really doesn't affect anything. If they then don't hold it, they're putting it out into the economy.

And then people will buy it. Yes. That's interesting. I can't recall if we touched on this, but it's time preference. What do you mean by that? So we live in a... I think when you're talking about evil people,

I would equate it, there's low time preference and high time preference. We live in a very high time preference society. Dopamine hits on Instagram, Twitter, Netflix delivered the next day, food to your door. That's a high time preference decision, right? It costs you probably more money than you need to spend today versus cooking at home, right? Whereas Bitcoiners tend to be low time preference.

They want to hold Bitcoin over a longer duration to watch it accrue value so that they can spend it at the right time to make an outsized impact versus the quick hit dude you got to spend cash because it's lost 20 of its value in the last year right so yes spend it now spend it now yes get rid of it like do this do that whereas bitcoiners are like no i'm gonna buy this bitcoin Give a fuck what you do with it over the next five to ten years. Check in with me in a decade after the next two halvings. Then I'll think about spending my Bitcoin, whether that's on regenerative farming, regenerative farming, things like that. Bitcoiners are starting to look at really long-term goals. What the fuck is regenerative farming? like that like bitcoiners are starting to look at like really

long-term what the fuck is regenerative farming just natural farming not like is that like organic shit uh no it's like cattle farming the whole the whole bitcoin like beef thing are you in tune with that i'm not in tune with this so that's that's like a big thematic trend. And I would say once again, Bitcoiners are at the food pyramid as a scam. Canola oil isn't everything. It's meant to be an engine lubricant. Oh, man. So Bitcoiners are starting to invest in organic cattle farming. Where they're not slaughterhouses.

They're not packing cattle. They kill them in the field. No, they're like free range. Sunlight. Yeah, free range. You know, more natural natural so it's like it's nicer so that's that's like a low time preference investment right um so we're coming at it from from all all angles clearly and and it's always been that way that's what makes me so curious about the whole community and like some of this stuff drives me nuts like when when they get you know like when some of the hardcore maxis get so culty they're out of their fucking mind and they're everything that they wanted to stop

the establishment from being now from a different end i don't like that but where it's like i tuned out of that a bit yeah you definitely have no doubt about that but i also don't like that but where it's like i tuned out about a bit yeah you definitely have no doubt about that but i also don't think like i never got that from you when i had conversations with you you just you're you're an even stronger believer in it than i am and i was a huge believer but like you look at it from the lens of hope which also not for nothing is very interesting to hear that as a theme tonight and i know it's a little off topic but i think it's important to say like you and i were talking a few days ago and i was i don't remember what i was saying but i was talking about like

some of the negativity that's just like getting exhausting in society of course you know there's the whole political thing but it just feels like the vibe and like the never-ending pandemic and all this shit like and your take on it was as you alluded to earlier with that whole paradigm shift you were like i think we're coming up on this amazing time and like we're we have the darkest days are now behind us and i'm like i could use some more thought like that you know and it seems like there are a lot of people who also happen to be bitcoin pioneers and people looking at these different solutions on the layers of the bitcoin network who are thinking that way yeah so like we were talking about i think you know building parallel systems as a safety valve, and I think opt-in systems have existed previously,

and I think one of the best that comes to my mind, I'm biased, is the Grateful Dead and just the ecosystem and kind of the machine that's been built around what I think, inarguably, but we can try, is the greatest American band band really the greatest band of all time okay i might argue with you on that point but i do like the rateful dead but this is actually something we have not talked about on the podcast before you and i talked about this

offline and this is a really i love this this is a very very, very symbolic point. And it's, in my opinion, it's about a lot more than just Bitcoin. It's like a, it's a societal paradigm symbol, which I think is why he brought it up. But can you explain this, extrapolate upon it? Yeah, I think it just shows, you know, Bitcoin or not, right? Bitcoin wasn't there in the summer of 65. But, you know, people were able to coordinate and, and work together and, and create this kind of beautiful culture that, that still endures and like evolves today. And Jerry Garcia hasn't been alive for like 30, 35 years, 30-ish. It's been a long time.

You know, it's, it's been a long time, but I's it's been a long time but but i see just so many parallels in terms of the formation of the grateful dead the the evolution of the grateful dead the current state of like grateful dead culture um with you know maybe how bitcoins evolved thus far and maybe what like a future model looks like for Bitcoin kind of continuing. Well, to the average person who is not a classic rock fan and doesn't understand what Grateful Dead is, was, and exactly what you're referring to, can you explain the, I don't even want to use the word cult,

but the incredible communal following that they built and like how they became this all time band basically via that and fans following them everywhere and, and making, as you just pointed out, like the decision to do it. Maybe I'll make like one point and then I think we should go back to the beginning and walk through it because I think the parallels will,

will kind of resonate and still, and we'll make a lot of sense um to celebrate that like their 50th anniversary you know 20 years after jerry garcia passed they were able to sell out santa clara stadium three times and soldier field in chicago two times so that's like five six hundred thousand people that paid i mean i paid like three or four times so like you can count me count me triple or quadruple but you know like to to have you know band who's like front man and you know enigmatic person and one of the best guitarists of all time not be there and still you know sell out huge stadiums 50 or 60 years after they started um i think it's just a testament to kind of like the system and the culture that

they build and it it's always been an opt-in culture it's always it's a proof of work system which i think we should should talk about it's a read write culture what do you mean by that for them uh which part like grateful dead they're proof of work how are they proof of work we're gonna get into that we're gonna go over that but um they essentially allowed taping of their shows and that made them extremely unique in the Extremely unique? In the sense that they gave it away for free. Oh. And so it creates, in a way, a timestamp that's not dissimilar to the Bitcoin blockchain. Oh. So you can basically follow the Grateful Dead every year from 1965-ish. 66, I believe, is like the first recorded show.

And you could listen to every show. Every day, you can pull it up up there's now show of the day 66 67 every show has been recorded so it's a transparent time capsule in a sense so we'll circle back to that but I think that has a lot to do with like why you've got like i don't like it when i go to the shows there's like fucking frat bros wearing like tie-dyed online ceramic you don't like frat bros you seem like such a frat bro in many ways i am but in many ways i'm not um i'm kidding um but no it's created like a lasting legacy that people can keep buying into. And again, I think the genesis of Bitcoin, there's some parallels to the genesis of the Grateful Dead. So it's like 60s San Francisco Bay area.

You have Jerry Garcia, who's kind of like a bluegrass aficionado, great guitarist. He was actually playing, what is it? He wasn't playing guitar. He was maybe playing mandolin. No, he was actually playing what is it he wasn't playing guitar he's maybe playing like mandolin or no he's playing banjo so he's playing like a lot of banjo so he's playing banjo um bill kreutzman like the original drummer was like a high school drummer so he's got like the the drum beat right like more of that like class americana americana like drum beat um you have bobby we, who's like a high school dropout, who was selling weed to Jerry Garcia and Phil Lesch. And then you have Phil Lesch, who's like, he was a, he went to school, he was like a classically trained musician, I believe a

trumpet player, but mainly as like a composer. And he just kind of like started hanging out with Jerry. And they were like, we need a bassist, and he was good enough at music to just kind of like pick up the bass, and then becomes like this excellent bassist. So what you have kind of at the beginning there is like all these different parts of like Americana, right? Like music at the time, you have like the classical drummer, you have the bluegrass banjo, you have like the kind of the classical composer, and they come together during these like acid tests right where Ken Kesey is basically throwing these parties putting a fuck ton of like Owsley acid into like a vat everyone drinks it lights are going off it's

just like this primal party and like that's how the grateful dead comes together like they just start playing like super high on acid but they begin to like form this musical bond that's on like a subconscious level i think that's like when you hear it and if you really get into the grateful dead enough the sound resonates with you it's like there's so much going on there's so much going on and like some people are like dude they're like licorice you either love licorice yes you hate licorice yes but if you love licorice and you start to hear like the like what's going on it's like it'll it'll blow your mind every time and it's similar to the way people think bitcoin popped out with satoshi's white paper it's not the case

way die had done a lot of work around beagle adam blank had done a lot of work around like hash cash there were iterations there were iterations right so it's like he didn't feel like everyone feels like there's this like epiphany moment but he was really building upon the work of others and in the same way like the grateful dad was building upon like american musical institutions and then brought it together in this really rad thing so they start to take off it's like an amalgamation right it's like a it's a recipe that's the sum of greater than its parts and i think the grateful dead and bitcoin are the same that way like they brought a lot of disparate things together that became this really cool, trailblazing thing. So they start to take off.

They play, like, pretty small shows. Like, they would show up at, like, a gym, amphitheater, play it, and this goes back to the taping. Yeah, we got it rolling behind you. Yeah. There you go. Hell yeah. 77 in Passaic. Yeah, I mean i mean well so 77 is a peak year um 69 77 71 those

are some of the best years and you can hear that because they allowed taping so as the band started to grow people would bring in these like really elaborate like live taping sets and they had to fundamentally make a decision they were like well do we want to shut them down like do one and jerry was basically like i don't want to be a narc man like like let him tape it like who cares and so they built kind of like that really like the concert model model, right? Like they, they're, they did like three studio albums or four or five studio albums. There's not that many. And they built the whole thing on touring and everything is recorded. And there's not a lot of bands that have like a recording of every show that they played. So when I say that they're like a proof of work band,

like they would tour really hard. And there's a digital at this point in time but used to be on like actual tapes there's a digital representation of their work and that created like in its own way a little bit of a currency like people traded tapes like oh you're at like the 69 like dog saloon show like i'll trade you the 77 like ithaca new york you know what i mean so that's one thing so like that giving that's all on youtube giving the product away for free like they're the original product-led growth brand which you see in tech now and then number two just kind of all like the regalia and and like the symbolism around it like in the way that like nobody owns kind of like the bitcoin symbol or like the messaging or like the memes around it

there's no there's nobody scrubbing it from the internet like a like a bitcoin meme like you can write whatever the fuck you want about it like there's no corporate controller being like oh take that down so there's like a read write culture around bitcoin where you can post whatever the hell you want grateful dough is the same way whether it's like the steal your face which is like the the skull the dancing bears like all the different like grateful dead symbols that you see instead of the band kind of like going after people and being like that's ours like that's our copyright they're like it man like let them like let them do it like power of the people and the communal ownership driving frankly also their own pockets too yeah and making everyone feel like they're spreading the wealth and being a part of

it along the way yeah which is what you are saying bitcoin seeks to do by giving ease of access through a perfectly non-corrupt system that has no ruler behind it to therefore allow everyone to benefit and the person who happened to create it quote-unquote is unknown so you don't see their benefit or who they are yeah there's no but or it's just a neutral system right like anyone anyone can participate in it um and you can do whatever you want on top of bitcoin just like you can do whatever you want on top of Bitcoin, just like you can do whatever you want at a Grateful Dead show within reason, right? And it's like, in terms of the communities, like they're so similar. Like the true deadheads are like essentially Bitcoiners.

They're like the nicest people. If you're there to like have fun at the dead show if you step out of line they're like cantankerous as fuck i think bitcoiners are like the exact same okay there you go yeah um i was gonna argue with you for a second no no i agree but you know they're they're just so similar in that way and like they're it's a bunch of folks kind of like living on the outer rail of society i think like bitcoin and the grateful dead are the are the same in the sense that like it's one of the last places you can go for like adventure like you might see some weird shit might get weird but like

that's what all the 75 year old deadheads still there now. Yeah, well, now they'll ask you to, like, not smoke a cigarette. You just got to say no. That's a true story. We were just like, dude, we're at a dead show. Like, probably not. I don't even really smoke that much, but at a dead show, I might. But no, like, they're both, like, me and my friend were like, dude. Of course it was an SF.

Like, it had to be. We were just, probably not, man. Sorry, you might want to move. But no, it's like people kind of like pushing the limits of what's possible. It's like a little bit outside of like the normal realm. And you have like a lot of trade there. Like every Grateful Dead show has like a shakedown street which is a bunch of like hippies and potheads and kind of making their own wares and selling all types of things uh legal and

and not and look it's not a perfect society like there's you know there's a history of like tragedy and like and drug use in the band and you know bad things have have kind of happened but which is also by the way not to cut you off but important to say a great extrapolation to the example because even in bitcoin you can look at this and and you know we we always want to play devil's advocate on certain systems with it but like you can look at it and be like this is an amazing system what it won't change is that there are good and bad people in the world yeah so if it becomes fully 100 adopted like you're still gonna have some bad people using it it's just how life works it's the currency of enemies it's gonna have sin right you know like there's no we can't cure everyone you know what i mean like that's all

with within ourselves like you you gotta look inward to do that. And a lot of people don't want to do that. Like, that can't be helped. You know what I mean? It's on an individual basis. But no, I think it's like kind of a little bit of an outlaw community on both. And, you know, I like the proof of work and the fact that they were able to make that decision. That is really what I think allowed their legacy to grow, is that they let people tape their shows. And people are still on Reddit right now. If you go on Reddit right now, there's some guy writing a comment about which 77 show is the best.

And that's because they gave the people the material to work with. They gave them the platform. Yeah, ownership and the platform. And I see a lot of the same things in in bitcoin like people are still on reddit right now debating a show that happened 45 years ago it's powerful but it is it is like when you give that license to like feel and like be a part of it you know it's it's it's significant and that's you know that's why they still sell out every show even with mayor and you know who i like he's done a good job um i was skeptical but he's done a pretty good job um you know they're still selling out

every show with like three of the original six like 60 years later and they're old you know it's like it's gonna come to a halt yeah it will at some point but they're still cooking i mean jesus christ it's been they've been playing for 50 years yeah bob weir said he's he's probably played more guitar on stage than any living human being and that's that's probably correct yeah probably because he he'll tour like outside of the dead as well like he does Bobby and the wolf brothers he does like some offshoots like the guy just can't stop touring he's probably I mean I don't know how many hours it's gotta be insane it's yeah like the Malcolm Gladwell's of the world would be looking at that with their calculator fucking

having a seizure he's an outlier yeah completely bobbyism is an outlier but he's uh he's a national treasure who should be protected at all costs i think this is such a meta point to like outside of bitcoin and grateful dead to look at wider culture and also why the fuck something like Bitcoin happened or why back in the day, Grateful Dead doing this became such a thing because mind you, I mean, we're sitting here watching this on like 280p, right? Like they were doing this back at the beginning of video when there was no internet. You didn't have YouTube. Some people just had tapes like on the side you know and yet it had such value behind it because i think in society it's fair to say throughout human history one of the most important things for an individual to feel is to be seen yeah and it's not i'm not just talking about like oh i want to be famous though

that tends to be something that a lot of people like want and and push for cloud I guess like on social media these days but the average person wants to be able to say something and know that whoever they say it to is actually listening to what they say and even if they don't agree you know they hear them and they say you know I understand where you're coming from or something like that and when I i want to figure out how to say this so i do it justice but when we're looking at the top ends of culture across anything and people we look up up to or music groups that we look up to or whatever it is

the specialness that people feel when they're a part of the community yeah yeah that's it dude is yeah that's the word it's being a part of something yes it's big it becomes bigger than them but they feel like on an individual level it is them it's a defining part of them and they they own that like that is their that is a monetary value. And, like, also – I would say it's priceless, actually. Sure. Sure.

Take it another – sure. Absolutely. I was saying monetary value is the wrong way to put it. Priceless is a better way of putting it. It's something that, like, makes them feel like their personal figurative bank account is full right spiritual bank there was spiritual bank i like that you're helping me out but like even look at you know some of the quote-unquote web3 stuff and and nfts and things like that where inevitably you know we're gonna find out there's a fuck ton of bullshit like like any other move to a market you know and and I like not to

take it off topic but I'm I want to use this as a meta theme here like I like the concept of what nfts are unlocking as a quote-unquote key into this next metaverse or whatever the fuck they want to call it is but I also recognize like yes there are a fuck ton of grifters in there doing their thing and the reason they're able to do it and further and also the reason good projects with real value are able to become so big and and generate such love is because they work around that central word of community and they make like this is a this is a integration that's been built on Discord and Twitter where people come together and they talk on these subject matters and stuff such that there is the negative that like even can come through because people don't realize like oh this

is really nothing right here but like for focusing on the good stuff for a second the Grateful Deads if you will of things like nfts people who have been separated from society when this all rose up during the pandemic who are away they they especially 17 18 year olds who had their whole lives ripped from them maybe they have fewer friends depends where they live maybe their home situation is not great they feel like hey all that sucks but like i got this yeah and i know i know scoble bush 74 discord yeah but like here it is you're not wrong dude like people would follow around the grateful dead like my dad would follow them from dc up up to new york and other people follow them across the entire country for

probably the same reasons that you just mentioned right like did your dad pass it on to you too is that how it went yeah now he's like sick of me playing it but jokes on him um but no like i think you're right man like you have to find that community value and like that's we all just want to belong in some some sense like we all just want to be heard and and like be seen and you know that's i think why i get sick of like the stratification lately like everything is a tactic to divide and like i find some solace and like bitcoin and the grateful dead both if you like the if you like bitcoin and you like the grateful dead like you're fucking cool in those communities like they don't care what else you look like what you're doing yes where you're from how you identify

your past your present your future it's just like hey man you like the grateful dead sick you like bitcoin tight like it's it's a unexclusive club that's like exclusive like you're in it bridges not just identities but ideologies too yeah now can there certainly be some similar patterns of thought on different views and world views absolutely but hear me out on this we are seeing and it's not just in bitcoin it's it's in several different things this is interesting we are seeing a weird team-up culture happening where after let's say the last in particularly five to ten years of people being team a or team b in politics and therefore having all of these thoughts and all of those thoughts and that's just what it is and we go at each other like this and everyone that's how society exists after all that we're living in a world where you have black lives matter protesters and trump supporters hand in hand at protests together sharing pizza having a good time and bonding over a few things

goes to show you they're not all that different like they thought they were no over now like maybe a vaccine mandate you have within bitcoin people coming from all different identities like this used to be a problem at the beginning it was a concern and i'm so much less concerned about it with bitcoin some others i still have this concern like ethereum and stuff but like with bitcoin like there was an issue towards the beginning of like, oh, is this all just kind of like a middle class 30-year-old white mouse looking at it? And now it's like, whoa, you have different identity-based movements who are all over this. You see all different races and backgrounds and communities and people who are seeing the same things and when they do this and they come in what started as the regular average joe middle class white dude is now like oh fuck yeah bro you're in like what's up like this this all we care i don't give a fuck who you voted for i don't care what you think like we see this cool let's go you're into bitcoin

yeah it's a great it's the great unifier i think i think it can be because the people that understand it are like high principled people and they reason from first principles right like they have a foundational set of viewpoints that everything reasons from which is the thing that like the mainstream and i think the average person that's like tuned into the nightly news is missing they don't have first principles that they're reasoning from all 10 of them there's a lot there's a lot there's a lot of people that are still tuned into the mainstream narrative but i think what you'll find with like bitcoiners and people that you know like the

grateful dead if we're still on that parallel it's like have fun and do no harm right like that would be a main one like basically being left alone which is apparently i'm an extremist now like i just want to be left alone like i don't i don't want to be like shit posting on instagram all the time that's probably not the best thing for me but like they're coming for everyone so but i also love that we've like beat the mainstream media shit posting memes it is it's been a huge part of it it is amazing and like this that's like signal through the noise that's spreading, and it's like, we're kind of winning. The people are kind of winning against the...

We're starting to defeat the narratives. Just shitposting funny stuff. Because these people are so out of whack, and they're so out of touch with reality that... It's kind of... I don't want to be doing it, but it's kind of funny i don't want to be doing it but it's it's kind of funny like if you have to it's like three years ago doing that you're almost you're in a weird spot of people being like oh wow okay and now it's like fucking everyone's doing it yeah i mean your your your instagram stories are hilarious especially for

like and i have i have certainly a few libertarian thoughts in my system so like when you hit one of those on the head i just start laughing like it like if it's talking about like insider trading with senators and shit like that like i'm fucking in and it's great stuff but it used to be like i would have to go to your stories to get to like exactly what i wanted with that kind of thing i know i'm a dime a dozen now and now hey look your stories are still great man but there's a lot of people like i'll see some stuff i'm like i already saw that one someone was there already damn dude you know what then my job is done. Yeah.

It's working. Yeah. It's working. The insider trading thing fucks me off. I don't know if that's where you really want to go right now. Yeah, fuck it. I wasn't planning to, but I love that. Where should we go?

Pelosi. Start there. Who was the other guy? The other dude who did, I want to say he was from texas this one was so bad he was at the top of the chart he beat pelosi which is yes i think that's it i'll pull it up which is a feat of nature but explain to people because i know the nancy way explain to people what what what old nance has been doing so n Nancy has been using insider information from congressional hearings to trade stocks as a sitting U.S. senator. Now you might say, I too trade stocks. I have mutual funds. That's great for you. You don't have the insider information that Nancy has. You're also not

trading options, which are exotic instruments based off of short-term price bets which means she's very very very confident that she's going to hit her strike price and like 5x her money now hold on a minute what her husband is very very oh yeah it's her husband and as we know the pelosi household has a phenomenal chinese wall that's a term within the financial industry too somewhat do you don't remember that interview no in like the middle of the pandemic like the the like sf local news thought it'd be a good idea to interview pelosi in her home and like look at her fucking fifty thousand dollars sub-zero sub-zero refrigerator and her like exotic Talenti gelato collection

like what can I say on here that won't get me arrested let me put it to you this way this is an ad for Thomaserson he once said that the uh tree of liberty needs to be watered with the blood of tyrants that might be the one that might be the one i'll leave it at that uh but that's what she deserves she's an absolute subhuman gargoyle lizard person she's made like also whoever does her botox man that's a ponzi scheme. That was a good meme. You didn't see that one. Like the eyebrows. Oh, I saw that one. That was phenomenal.

Somebody else beat me to that? No, I saw that one on yours. Okay, good. If somebody beat me to that. What was that? The stocks? It shows her stock prices. You show her eyebrows.

If somebody beat me to that, I quit. I'm done. Yeah. No, her husband has been, I think it's like they're worth 200 or 250 million at this point. And she's been basically living on a Congresswoman's salary. It's the same thing with Mitch McConnell too, just so we know that we're not like slinging rocks on,

on one side of the aisle. I want to make it clear when the, the boot is on your face, whether it's the left or the right one, it doesn't matter. Um, Mitch McConnell's made like whatever the senate salary is for the last 10 years he's worth like 30 million dollars yep and his wife was even she was in the public sector too like she she wasn't i don't think she was making crazy money either like it is absolutely this is this is a criminal it's a bi-party problem remember remember the beginning of the pandemic the kelly loeffler lady and i think it was also the other

georgia senator yeah yeah they did that meeting in like january 2020 they walk outside they tell everyone oh there's no problem with covid called homes sell everything they sold every single fucking stop hey pfizer just figured out the sas subscription model that's long them oh my god jesus all right here's the here's the chart wait this chart's phenomenal sorry i gotta i gotta lose the grateful dead that's been playing back here for a while that's a great show that's actually an all-time show that's in the it's in the top 15 but anyway these are these are the members of congress that beat the spy in 2021 so for all you boys and girls out there that that sounds like japanese the spy is essentially it is the s&p 500 which is the main index of basket of 500 power stocks that we measure here in the united

states market so and for additional context can we talk about how like how many hedge fund managers these are like the the elite of the elite financial advisors right or lever pullers how many of them beat the s&p 500 not this many okay just to be fair not at all with a like a lot of ivy league education and and juice behind them so anyway continue funny you bring that up yeah stay tuned on that one but um yeah yeah so don't get me started yeah anyway i'm gonna put this chart oh is that the s&p at the bottom yeah i'm gonna put this chart in the bottom right of the screen and the beautiful part about it is it is all red and blue so this this is this is a bipartisan chart right here this shows you good to see them come together they all came together on something they came together to rob you blind the uh this is just one year this is why you're locked in your home by the way they

gave you 1200 bucks for this this is one year right here these are the members of congress that beat the spy in the year of our lord 2021 dan crenshaw is such a fucking idiot i think there's are there 50 people on this it's it might be 40 it's it's about 35 it should be zero it should be zero like they like they they did just introduce some legislation bipartisan i think that says like they're gonna stop trade i that thing's gonna get shut the fuck down it's gonna take two days i don't have a problem with them owning like mutual funds in a blind trust or like exactly they could like even own stocks in a blind trust but pelosi is literally trading options like like she's trading like amazon options and before and before they know

because i like probably don't understand them as well as you, but I just want people to understand how ridiculous it is that a sitting senator is trading options. I'm going to give the really watered-down version. I'm not even going to go into it. I'm just going to give the basics so that people could have an idea. Can we agree it's absurd? Oh, it's absurd. An option is a highly, highly volatile, risky investment

where you are essentially paying for the right. Okay? So if you own, and this came up with Bill Fasciola and we explained it, but I think we could do a better job. So this is a good opportunity. If you own 10 shares of Tesla, which was the example I used with him, and Tesla's trading not at this price, but I gonna keep the number simple let's say Tesla's trading at ten dollars a share and today is February 1st and you decide that you think Tesla's going to be trading and maybe 15 a share by April which is completely arbitrary think of all the that happens on a macro scale, let alone an individual stock. On a 24-hour cycle.

Yeah, in three months. And you decide that at least by then it's going to cross 15 at some point. So you you to buy 100 shares of Tesla on let's say April 1st Meaning like that's the last date you could possibly buy it You could buy it tomorrow or you buy it the day before and it means that if you say strike after you bought this from them They have to sell you the Tesla stock at $10 that it is today so if tesla's at fifteen dollars on april first you're in the money you made five they're selling you a hundred shares for a five

dollar discount and you get it on april first and you can turn around and sell it and have a profit of 500. now it doesn't work that way because you do pay so like let's say you paid $2 a share, but you think it's going to $15, and then it does. And so on April 1st, it goes to $15. You cash it in. They sell it back to you for $10. You pay $200 for the 100 shares total because it was $2 a share. You sell it for $500. You made $300 profit.

This is the kind of thing that if you are not in the markets every day doing it you have no fucking like i i wasn't allowed to slap clients across the face in in my business they didn't they didn't take kindly to that but i would i would tell them on the phone i am punching you in the face like in my mind right now when they would ever even mention the word option because i'm like you're not a fucking day trader that that's not how this like take your funny money and either go bet on the horses yeah or play options frankly i would recommend they bet on horses first like that's how because here's the thing about options you bet on a horse i bet 500 bucks on a horse i lose 500 bucks options can be called what's and they don't have to be this way but they can be naked which I'd want to see how many of hers are naked, meaning they're probably all you have all exponential risk on either side.

So it's not just like, oh, I might lose, too. If the stock market decides to move 40 percent because, like, I don't know, coronavirus happened, you're fucked. You are fucked. And by the way, my team at Merrill that I work for as a private banker, we traded the most options in the entire firm for individual clientele across nationally, across Merrill at the time we were there. Because we had clients who – I can't say who they were, but they were were there was a select group within there who were former titans of wall street some of these people literally invented like options certain yeah yeah so we had we had one guy who was a legend and he could sit like when he retired it was kind of because like he had to because he got paid out a lot of money and like it was like well now it's time to retire but he's like he decided it was his life's job after that

to then be a professional options trader like he was every day of his life so he would this guy would trade i mean we would write options at like 100 grand at a time like boom boom every day and so he would what would happen is he would make you know five six million dollars over you know just writing the same shit making quick income on like shit that's expiring the next day he would make that over i don't know but a certain time period and then it would always net out like he would he won over time and did well like he was in the green because he was a pro but like when he lost it wasn't like he was losing for five months usually and just kind of trickled down it was like no no he lost seven million in one day like we called him up like uh yeah we need we need seven it was like sorry but that's how difficult this shit is this

guy invented that stuff yeah so like now a senator's husband, her fucking limp dick husband out in California is sitting there fucking chewing Viagra and buying Amazon options at a perfect time. Come on. And who's this dude at the top?

I don't know. Austin Scott? I'm gonna pull it back over here so I can see it. Whatever, Jerry's still going. Never stops. You know he lost a finger on his guitar hand, too. Yeah, that's savage. Austin Scott, Brian Mass.

Actually, the Republicans are dominating the top of this list. Austin Scott, Brian Mass, French... There's a guy named French Hill. What a name. I told you this is the end of times. We're coming up on a new paradigm dan crenshaw man the the only thing i would he's a fucking feckless idiot i would love to see if dan crenshaw owned like this would be really stereotypical but if he owned like all the

um a like all the pharma stocks and be all the defense contract stocks and that's just what like it wasn't even options that's just what did it but you're getting all the information on that too you can't tell me you're not yeah this this stuff is fucking I remember a guy used to caddy for he was very successful in the consulting business. He was one of the preeminent retail consultants in the world. And he told me about his setup one time. As I asked him, I said, I was curious to see what smart guys like that do.

Do they sit around and speculate ever in the stock market? And he goes, never. And I'm like, why? And he goes, well, it's not like i work with 100 of companies not even close but like i don't have time to figure out what clients tied to what client he's like it's a chinese wall man his advisor he wrote there's a document that and we had to do this once or twice for a client but there's a document that a client can request or they may be required to request it where they basically sign it as a

it's like a blind trust yeah blind trust where they don't know they give their financial advisor the reign to know what the investments are and they it's weird like they can't know they can't even know yeah and he would always be like we do all funds no individual iverson's investor do that for him wasn't that the story he hid like 50 million from him because he knew that individual iverson's investor do that for him wasn't that the story he hid like 50 million from him because he knew that like iverson was going to burn the whole thing down it's like legend that man's a saint first of all yeah secondly you know he used to buy like a new mitchell and ness outfit every city he went and then he would just leave it yeah yeah this guy put it was a uh his financial advisor had, I think he had Jesus on his shoulder.

I don't know what was going on, but they put. Because he could have ripped that guy off. He could have. In like a heartbeat. But he did some sort of trust where he put $35 million in it, which you can imagine is probably worth a fuck ton more now and iverson couldn't touch it until he was i believe 50 years old and he can take out like two million a year so he's basically he's paid for life yeah he's set he's done what a good financial advisor that that guy deserves sainthood i hope he's a bitcoiner i hope he's a bitcoiner too for all the bad stories we hear about financial advisors like that's a great that's a good cheers

to that fucking guy cheers to that guy like he could have robbed that guy blind yeah what was that story dude iverson iverson doesn't get talked enough about in philly no we're totally off track of bitcoin no no this is good i love combos like this what do you mean he doesn't get talked about enough it's like an ellen iverson every other night he's you do there's an allen iverson night like every week that sixers game yeah but it doesn't come up enough in like conversation yes that's i agree with that because philly fans are so negative like donovan mcnabb threw like a couple worm burns it's like well iverson frost michael jordan he's tight he also played with some of the worst rosters I've ever seen in my entire life he could have won a championship he could have if there were competent management but he

uh I always say like all due respect to LeBron whose 2007 roster he took was bad that was that the Cavaliers won the first yes that was a good one that was incredible that he took them there that was the second worst starting five ever though because the roster that iverson took and actually won a game against shack and kobe in the fucking finals in la against was i that was it makes my stomach sick that he took them and like beats good teams along like they beat the raptors with vince carter they beat the bucks were loaded with ray allen and glenn big dog robinson like they earned their way there and that was that was one little five foot ten dude i just love the iverson stories like i'm thinking of him in the context of bitcoin i don't i don't think i don't think he's a bitcoiner but he doesn't give a fuck, like, Bitcoiner.

It's like, what would he do? He would, like, eat Taco Bell, like, in the bathroom at practice. Talking about practice rent is legendary. Like, there's, like, the stories where he would, like, take, like, a bunch of the strippers, like, from some shitty restaurant on Market Street. And it's like a Rick James story where he's like's like no i didn't take them to market street like yeah sometimes i would take like 15 20 strippers from delilah's to market street like what a guy like that's even my you know he's like a he's like a hunter biden he's like a party animal he was he was definitely a party animal i also wonder though because like he most of his run existed before the social media age which definitely helped but he did exist in the internet age

and the number of people who had to keep a secret on that happened every single day impressive it's almost as good as the gislein maxwell trial oh i knew you were gonna bring it up i thought i was almost as good as the gislein maxwell trial and hunter biden's laptop two of my favorite stories of the year all right i want to get to gilane frankly it's it's more important maybe we'll get the hunter but i just want to say that Hunter is the most legitimate person in the Biden family. Shame on whatever... What? Yeah, he's easily the most legitimate person in the Biden family. What?

No. By far. How? Because he's just fucking flipping finger paintings to, like, go get high. Like, at least his aims are straightforward. Joe Biden's a Manchurian candidate for some evil like megacorp and jill biden shame on her for trotting him out there while he has dementia she doesn't have any choice yeah well she has no choice dude hunter is legit all he's trying to do is sell his finger paintings to go

party and i can i can respect that but you're getting five hundred thousand dollars a finger painting i you know what i would he's not that far from here i would love to talk to hunter i love to go party with Hunter for one night. I don't know if I'll last, but I think it could be entertaining. But he's the most legitimate person in the Biden family. It's straightforward. He is a means to an end. Biden is like a pawn for an evil group of people.

Hunter is just trying to fucking party. Again, he doesn't have any choice. You can't tell me. I don't care what people and i know people disagree but like i said this over and over again he didn't want to do this whatever it was somebody fingered him and said joe you're up oh oh you want a hunter to continue to be free you don't want these cases made yeah step in buddy like that's how this went fair enough because the laptops are real and the media burying that it's a disgrace i mean you were you remember like even look at the the one thing about the gop which is like they make making it's making fun of them but secretly also i i like the incompetence is

like a selfish person who hates the system like they're not good at reigning people in no but even they tried to do it like they made an attempt in 2015 with trump and failed miserably like the the democratic national committee is fucking phenomenal at reigning people in and so if they want something to happen they get it and so And so I think that's what they – like you can't tell me – like obviously Joe had a lot of gaffes in his career and he wasn't the sharpest tool in the shed and whatever. But he was – you knew what you were getting. He was your regular political animal. He was a political moderity kind of guy. He and I would disagree probably on some government agency bureaucracy things for sure

but not the kind of guy who's like gonna make a break one way or the other and then suddenly as a fucking how many years was he in in government like 40 some years as an old man who i don't know what happened between 2016 and 2019 when he came out to run again but a lot happened apparently with you know his aging like now he comes out and now he can't even talk and now he has all these other stances and seems to do things that are against previous stuff he believed like i just don't i don't buy that i mean he's a he's a perfect rothschild plant but we can come back to that oh my god okay all right i gotta rain yet a little bit. So here's the thing about Ghislaine Maxwell. Imagine using a flip phone in today's iPhone era.

And I'm not talking about the people who go to a flip phone for a predetermined period of time to get rid of phone addiction or to disconnect. That's fine. I think that's great. But I'm saying long-term, imagine just saying, fuck it. I am not going to use an iPhone. I'm not using an Android. I'm going to use a flip phone. I'm going to use this Verizon Razr or whatever it was forever. You're going to be at a disadvantage if you do that, period. And this is exactly how I feel about people who do not sleep on an 8SleepPod Pro cover.

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One just has the actual mattress if you want to actually replace your own. So link in description. Trendafire. Check out. $100 off. Change your life today. I would like to give a huge compliment to the marketing arm of the federal government, who are some of the best marketers in the world when they really put their mind to it. Gillian Maxwell was put on a sham trial in the Southern District of New York, which in fairness to them, all federal trials, and this is a ridiculous rule, but it's true.

All federal trials do not have a camera in the courtroom, so they couldn't set that up. But that rule should absolutely be changed. should be cameras in there that's neither here nor there but she goes on trial i believe it started like late november so around thanksgiving time runs through december interesting timing interesting timing right like they they work this right into the lull perfectly perfectly and so then the case just so perfectly goes to the jury i believe on like december 22nd and it was like the 26th which is even better well they were they were going to deliver they were going to deliberate remember that liberated right through christmas week well they they the judge gave them off a couple days on Christmas, but then she rushed him back in because she said, oh, we need – I don't – Omicron has me very worried.

We need you guys deliberating. The same judge was tapped by President Joe Biden a few days, I believe, before the trial, a few weeks, something like that, before the trial to be nominated to i think it was an appeals court like a higher job right and now she's on this case so no cameras in the courtroom judge tapped by someone in the government and the whole government is wasn't comey's daughter the prosecutor interesting guy what's the gripe against him was he the the rush gate guy i actually don't know the story who james comey yeah he was get jim diorio in here to talk about his old boss james comey he doesn't mention words he's uh he was just a a total narcissistic egomaniac okay and who just ran the fbi like his personal attorney's office

so perfect for the establishment okay yeah i didn't i didn't mean to interrupt i knew there was something there but i just didn't hey we're just reviewing the facts here before we before we dig into it but yeah his daughter was the lead prosecutor which technically she was the lead prosecutor back when epstein got arrested so that didn't change but that was kind of weird that she was back then either way so gillane goes on trial we don't see any of it we hear about it we hear little tidbits the media is incredibly quiet in their reporting instead of moving all the TV screens to complete round the clock Epstein

coverage with graphics and everything as it should have been just like Kyle Rittenhouse just like Kyle Rittenhouse they did not do any of that and so elaine's trial goes to jury as i said they didn't the judge rushed them back after christmas and the verdict comes in with it was almost all guilty like they didn't find her guilty on one of the counts i would have loved to see that conversation but anyway comes back almost all guilty so she's but so it seems like a happy ending to the story the decision comes down from the jury on wednesday december 29th and it's really interesting how the calendar just worked out to their advantage this year just couldn't couldn't have been any better because it's a total coincidence because it's it's post christmas week everything's in a

lull and if you want to see like i can even show you the graphs of my content like some regular asshole and you will see like that week everything's down and the content was still the same like i was putting out the same output and having the same engagement rates and everything so everything's down this happens to be a year where new year's eve falls on a friday the end of the week new year's day falls on a saturday so the focus on the end of the year is on the news dump day and the news dump day sunday is january 2nd which is one of the highest depression rates of the year because people are now like holy shit it's a new year i got resolutions i gotta do this all again no one's paying attention another loop so we are now four days past this news it's old like a left out chef boy rd can on your goddamn kitchen counter and then monday comes around it's five

days old and now the new news week and the new year all starts at once. And so even though Ghislaine was found guilty, all the other details around it and the fact that the federal government, by the way, ordered that all the records of Epstein are hereby sealed, just like JF motherfucking K, all of that is ignored. Where to even start with that one? I'll sit back and let you roll. Well, on the JFK front, the Federal Reserve offed him. He wanted to put them back on a monetary standard.

That's why he got shot. Okay. Moot point. We'll come back to that. We're going to have the same logic to maybe a different means, but our opinion on who and logic behind is going to be the same. So I don't think it really matters. So let me repeat it back to you, and I'll tell you if I'm missing something. Okay. something okay uh gillane is guilty of sex trafficking to no one apparently according

to the federal government because where is the list who was she sex trafficking to we're gonna seal the list off we're gonna fucking seal the list off can i give you a piece of breaking news what never said this before this is this is live right here i think i did text you a little tidbit of this but this this unfortunately has to be regular bullshit journalism shit where i gotta say a source but real random one like some guy got connected to maybe two and a half years ago something like that he made a call back when Ghislaine got arrested and cited he told me who his source was I was like wow that's pretty good and ended up being correct I won't say what the details there were but it was something I'm like

no way and then it was right and according to him and his source, who you have to take my word for it, but he told me who it was, and it's very, very high-placed. negotiating with her attorney to give her immunity let her walk free in exchange for not just the handing over which they already they technically have like that black book and everything but it like epstein's that has all the context and stuff but it doesn't mean anything because they don't he could have just written shit down they don't know who what when where why how how it's all connected in exchange for her giving a full including and i don't know how this would all work proof-backed explanation of the entire network and every single person that was involved they will let her walk free and the same source told me and this was his opinion in being injected into it is not a report but he's like i don't think she'll make it that

long she's not gonna make it if she does it like what does she have to gain does she turn around as a person and decide she's like a good person after all the horrible disgusting things she's been a part of like is that her martyrdom is that like her repentance i don't think she thinks like that no i don't think she's a fucking terrible person she's a disgraceful lizard human so what she she snitches on everyone walks free to the people she's ratting out control all the alphabet agencies like she's done she's toast that's control all the alphabet agencies. She's done. She's toast. That's what I'm saying.

It'll never get there. It'll never. That's what he said. It'll never get there. I mean, kudos to them. They ran a godfather trial. Nobody talks. Everybody walks.

It was unbelievable that they somehow got her to take the fall. I wonder what the back end payment or structure of that looks like. But it's, it's like heartbreaking in a way. It's, you know, I thought that would be a real shame on me for believing in it. I thought, I thought that would bring some, some people to justice. But again, the narrative continues to melt down. They're dredging up the sexual allegations against Bill Gates. Those are coming back to light. So you have to think if Bill Gates can be played as kind of like the front man, and then now he's going to take the dive, who's running it?

And that's a good point to raise i don't know that it's like am i thinking too deeply no i think you're thinking of it actually in my opinion completely correctly i don't think it's a person no it's a people yeah cartel that's the thing it's like so oh my, that's an incredible example. You just walked right into this, but this is great. When they put El Chapo in prison, did the cartel stop? No. Exactly.

When you remove, when you try to kill the dog, if you cut off a fucking long toenail, which is all one person in a very powerful dog could be in the hypothetical parallel of being a body part of it if you remove a toenail nothing happens it itches it and it moves on maybe puts a little bandage on it's done you have to cut off the head of the dog or the head of the snake to kill it bill gates is not like hypothetically he's a he's a he's a scale he's a he's a toenail. Yeah. You know, there's so many people.

Who's the head? I don't, that's the thing. It's people, like you said. It's like where we go one, we go all. They're the Bitcoiners of the Epsteiners. They're the evil version of that. Yeah, they are. I just like, that's how this all ends.

In terms of what we've been talking about, in terms of the thread that binds. It's a fight. I think we're in a fight versus good and evil at this point in time. I think the cards are kind of on the table after the last couple of years like they want to roll out like a social credit system just like china they want central bank digital currencies that they can pull the mic in just a little bit yeah that they can like track like 100 you're like you're are you seeing that chatter about like cbdc's

yes oh yeah all the governments are looking at it so they want like a central bank digital Are you seeing that chatter about CBDCs? Yes. Oh, yeah. All the governments are looking at it. So they want a central bank digital currency. They want to adopt the blockchain, and they want to pervert it to surveil everything that you do. And they're going to do things like, oh, you've spent too many CBDCs on things that aren't carbon neutral. Like, your account is shut down. Or, like, you've spent too many CBDCs on things that aren't carbon neutral. Like your account is shut down or like you've spent too much on heating. Like if you give them that level of control, I just hope people have seen like what they've done over the last couple of years. I think it's a culmination of they've been hiding behind the mask

and like now the cards are out. Like if you look at australia where there's huge chinese influence by the way enormous um it's owned that's the future that that they want for you and they literally say it like the world economic forum literally said like you'll own nothing and be happy you'll own nothing nothing and be happy. Where the fuck did Klaus Schwab come from? That guy can get fucked. There's nothing known. And tinfoil hat fully on,

there is actually quite literally nothing really known about him before the age of 22. Where did he come from? I don't know. And they say it. And that's the thing. They're saying it out loud.

They're starting to say the quiet part out loud. And you do well to pay attention to it. They're brazen. Yeah, why wouldn't they be? Exactly. They're winning so far. But we gotta decide if we wanna live free or die in their fucked up like pod ecosystem. I swear to God,

if the World Economic Forum posts one more fucking article about how eating cricket protein is good for you, I'm going to lose my shit. I'm going to, I'm going to fucking lose it. But that's what they want for you, dude. They want you to live in the pod. They want you to eat the the bugs and that would be my one thing i would push back on like the metaverse like they want you to put on the vr goggles like they just want people to be like tax slaves or like tax cattle like yes they don't want you to be free i guess is my main point and it's because the system that they're operating in is collapsing and they're not and that's the fiat system right like the central banking u.s dollar fiat system come back to that yes of course always it's like a grateful dead jam we go way out and then we come back but you have to recognize that

money is their form of control it's a main form of control it's what makes the it's what makes the world go around and their money is failing and they've controlled it for so long and if you think they're just going to be like ah yeah let's switch over to bitcoin but where do these people get off i don't know they get off at dude these are people that have been... They just spent 20 years in Afghanistan fighting guys in caves that have never done anything to us. Well, I would argue a lot more for Iraq. Iraq would be the bad one.

Yeah. And again, a lot of the Afghanistan people had fucking nothing to do with anything, but there was at least... There was a cause. Yeah, there was a central focus there. That's a misstatement by me but the point is taken because all they did was they used afghanistan as an excuse to already be in the fucking region yeah in the region oh by the way look at that cruise missile

like did you see the that's a million to raytheon dude they're criminals they're fucking criminal grifters did you see the movie vice yeah a while ago oh it's incredible it's like it's actually like and it's so spoofy but it's like read the history it's pretty accurate i mean like that's what he was that's what dick cheney did and like you know we we boil it down to like one person like that just like we boil down epstein technically to like a person or like whatever but it's a system and like it's still in the context of a global population it's still such a small little click like how many people are at that or at the world economic forum and doing their bidding relative to the global population point zero zero zero one no i think you'd have to add a few more zeros exactly even better right so

yeah but that's what i want to end like i'm so sick of that but like those people they were kids once right and a lot of those people by the way their parents had nothing to do with any of this they weren't some of them it's certainly passed down but others it's like they got raised by the nanny most of them either way let's even talk about the ones that didn't though and let's say it's 25% of them. Somehow, there's a thing that goes on in their brain, like there's a personality trait they have that maybe everyone has, but it got exploited by someone who got them, said one little psychosis experiment, said one thing and made them believe it. Said another thing and made them believe it. and eventually got them to say things to themselves keep believing keep believing it keep believing it that then they start putting out articles where they say you're

gonna own nothing and be happy that that was one of my favorite that's a great one because it's real right like I'm I'm not making that up like that's a real did you read the article i couldn't bring myself to now it's fantastic i read the headline and i wanted to vomit i read it it's some chick like some whatever like professor from denmark or some shit like that talking about like riding bikes and shit and never going four miles away from your house if i remember it correctly call me on that if i didn't but like i read it and like she actually, in her defense, built her case. And I'm like, this is a real person who actually wrote these words and believes them. I didn't say it was going to be easy. We're up against it.

But my favorite one was a Washington Post op-ed, which if you look at Washington Post. Don't say it. Don't say it. Do you know what I'm talking about? Don't say it. I'm not going to say it. I'll refill my drink. Don't say it.

Do I have this up? I was looking at this earlier. Do I have this up? Do you know what I'm going to say? Democracy dies in darkness with the headline being we need to give more power to the elites. Did I nail it?

Do you know how fucking fucked in the head you have to be to write that? So what are we going to do? What are we going to do? Do, what are we going to do? Do you think Bitcoin can get us out of this? Or am I huffing good? I mean, I put my money where my mouth is.

I've owned it for a long time. This is a fact. I have never sold or exchanged a single cent worth or sat worth. Better man than me. Of Bitcoin. I just, just like it is a side thing it is a and i i don't really have money like i have basically none i'm pretty poor but like the the pennies that i had over the years i would set aside a little bit and say pretend i'm lighting it on fire because this is this is this is not eventually it will be but it's not an investment i i cut my teeth in investments i know i know how

to think of investments and and so like when i would buy stocks that's how i thought of it right yeah and happily sell that once in a while don't have much of it left, but like I would still sell it. Bitcoin, it was never like that. It just, it's a weird, and even if it's playing into some of the greatest establishments in world history is going to have to have an element of that. It just – it has to. You can't suddenly – you can't be like, yeah, we'll have this little hobby as a group here and like, yeah, we'll overtake the monetary – no. There has to be an element of cultiness i will always be a check to that power and where it gets like insanely culty like where you got peter mccrackhead or whatever the fuck his name is like calling elon musk or whatever he called him we're not allowed to say

that word anymore but whatever he called him right no disrespect i apologize but you know like there's like when i see that i will call that out and say you're a fucking moron but like the concept of yeah you have to have a little bit of a of a cut edge sword on on a little on on some of this at least i get that i do get that i hear you yeah you got to have you got to have strong beliefs. It's like the intolerant minority has made a bunch of changes throughout history, right? It's never a formation of the masses that makes a huge change. It always starts small, and then it and then it grows and I think like Bitcoin is like a really hardened intolerant minority but like I'm happy to give you my view like how do you think this plays out over the next like one to two years three to five like where are we just as like a society not just Bitcoin Bitcoin can play into it but like how do you see the next couple years going?

I'm genuinely curious. Well, I want to start with you, actually, on that. Because I need to... There's a couple layers to that that are outside Bitcoin, too. But I want to see if you put that in there first. Oh. It's like a test now? Yeah.

It's like a test now? Yeah, it's a good test. Jesus Christ. I got enough liquor. I'm feeling good. I got to think about it for a good test now yeah it's a good test jesus i got enough liquor i'm feeling good i gotta think about it for a second um hmm so you you were saying one to two years in five yeah like i'm just wondering what the world looks like right because like the last couple years have been wild yeah like a like a worldwide perspective right like probably nothing that's ever been seen before not in our in our lifetime so i'm trying to wonder like dude two years ago feels like

10 i get depressed thinking about that i do yeah i don't like it um i don't like it at all it seems like you know some good times it's all july august september october 2019 yeah it's all got like a little cloud over yeah exactly i don't want the cloud anymore i want the i want like the breakthrough through like yeah you know what i mean like the me and amanda levy were talking about that and i asked her and she was like yes so she was thinking of it the same way it's like you almost think of it like those cartoons when you grew up where they would flash back and they'd show like the kid would be whatever show it was and he'd flash back to something it would all be gray and dull and then he'd flash

forward and it would be like color it's like that in reverse that's what it feels like now we're sticking with the theme that the future is brighter i'm saying yeah but i'm saying like it's been like that it's been like that yeah and that's why i was surprised to hear you say like it's getting bright again now but i'm like it has to it has to yeah and we have to all collectively believe that all right so here's what happens over the next year 365 days inflation goes wild it's already gone wild remember again these people fucking hate you and they lie to your face neil kashkari crazy eyes guys clearly a psych Minnesota fed guy yeah i think it's minnesota i'll probably

get that wrong but no that's right inflation is transitory no neil actually it's not and now he's like well actually inflation's higher than we thought it's like no fucking shit dipshit just printed 14 trillion dollars you dumb fuck he's on the yelling plan anyway never seen yelling you see the people that hold her cue guards they don't even hide it they're holding them they're holding them over here this is another ad for jefferson reserve if you'd like the yelling and pelosi pairing call me up them at the bottom of the tree. Kashkari says inflation is transitory, so you say inflation is going to be out of control because they're full of shit.

I mean, it's already out of control. Yeah. It's already out of control. So they say it's at 7.1 on the CPI. Can you, I agree, conservatively it's at 13? 20. Oh, you're at 20. Let's be conservative.

Let's say it's 15. I'll split the difference with you. All right, cool. So I think inflation continues to rise. I think Biden bows out in the next year. Does Harris bow out too? No, she loves it. They don't like her though.

Yeah, but she's the vice president. What are they going to do? They're going to move someone else in there. How? I don't know. How do you replace the vice president why are they gonna do they're gonna get they're gonna move someone else in there how i don't know how do you replace the vice president seen some crazier shit we did replace a president in 1963 that's true um we excuse me they don't use the not me don't use the royal day. I think inflation goes crazy. I think Biden's out within a year. He's got the lowest approval ratings of any president of all time. Really?

No, it can't be that low. I think it's pretty low. I think it's like 20. It's definitely down there. It's like 28%. I don't know if anybody's touched 28%. I mean, Bush October 08, man. Yeah, but he didn't have the fucking liberal media establishment behind him.

Jury rigging the polls. Like, they can't even rig the polls. They can't even rig the polls to get it to like 30. Like a respectable 30. Oh, it's so good. Don't you love the clown world collapse it's kind of fun it's it's it's a little scary though i think i think it's it's definitely scary but i gotta laugh sometimes you gotta it's funny it's like that end scene of fight club where it's like it's just all dude I the last five years we've had Donald Trump and Joe Biden as presidents it does not get any more dumb than that that is some next level it's

another question as to why smart people don't do it but that's another thing yeah fair point so inflation out of control Biden out somebody in i'm wondering where the turning point is i don't know what do you mean by turning point like where we flip to the positive and we start to Maybe it's a continued, like, states' rights, like, the championing of that, like, the way that Florida has kind of done their own thing, the way Texas has done their own thing. Maybe, like, one to two years in, it's, like, the continued, for lack of a better term, like, balkanization of the United States. Like, the federal government starts to become more dissolved two to three to four to five years out. And then like states get to decide how they want to be like, if they want to be radical and, you know, have people show papers to go everywhere, like they get to do that in Oregon and New York, or, you know, if you want to go down to Florida and live like a, like a

fucking crazy swamp person, you have to go do that tooida and live like a like a fucking crazy swamp person you have to go do that too and like live free so like maybe maybe that's the trend maybe it goes more local and like you see essentially what i'm saying is like a national divorce if you will like it's i think it's already happening dude i mean we live in two different countries right like you have to stay college pennsylvania there's a hundred thousand people in the stadium and then i have to wear a mask to go to my table in philly and then take it off like it's just so stupid yeah and that's like two different counties right there it's like three counties away it's so maybe that's so maybe that's my prediction i guess is the is the balkanization of the United States is that we start even if there's still

which is really how it was always designed in terms of the constitution right like states rights were always supposed to be paramount like this overarching federal system which has become omnipresent and way too large and way too influential so maybe it's a return to like states rights over the next two to three years and we get to have like a nice little ab test across this beautiful country that i still believe in still believe america is the best place to be but we gotta do some different shit to say it because it's it's not going in the right direction so that's my answer No, it took a while. Sorry.

No, it didn't take a while at all. It was really good. I agree. Now I'm going to raise a point into that final one and take it another layer. I've always believed that – or whenever I figured this out, so a few years ago. I firmly believed that democracy, of course, has always been known as the best system in that way. That's for obvious reasons. But countries who are not democracies that still exert a significant amount of power, albeit for the length of time they're able to do that in a tyrannical way whatever it may be or not democrat not democratic way the way that they can win is by using our democracy against us and so the way to use the democracy against us and we're against wherever said

democracy is is by turning the democracy in on itself to attack itself which they have successfully done a whole different bunch of ways don't need to run through the whole gamut but fair to say they have the thing i want to zero in on is this whole state trend you know when this all started and i started to see people moving like crazy end of may 2020 that's when i first was like oh i was talking to people and they're like oh i'm going to texas yeah i was like this is simulated they they can simulate this stuff ahead of time alex horowitz said it on this podcast it's probably the most prescient thing that has ever or will ever be said on here. It was very early on. It was number 17. He was walking through as unbiased and deliberately as you – almost like an attorney. platforms have why they can have it and also what they can do from a culture perspective and he he said i'm gonna fuck up the line it was so good but he was explaining like through data points

they can simulate the way people change based on a stimulus and so if he how did he close it he's like if you can predict the way culture changes you can profit off that and so i have always looked at this state movement during the pandemic as they knew like all the states red and blue had their setup systems by may 2020 as to what they were going to do both of those sides knew what the results of that was going to be they knew that on average four percent of people net were going to leave x state for Y state, or then shift the electoral college or the legislative wins from here to here and then from there to there. So that they could see how this was all going to play out over a set period of time based on human nature and data points gathered through technology where we are the product online. What is the end goal of that? Is the end goal of that to separate all of us into these little individual unions and put so much power back into the states that we completely delegitimize any central federal power to the point that, hey, long term, that would be awesome in a way.

Maybe I'd have to see how that looks but in the short term it to get to the long term it will us over so much that we're not organized to the point that we become completely vulnerable we split ourselves all up and the powerful nations who rule with the totalitarian arm and their people can't do this get to have their centralized system centralized government centralized military boom they come in and take it i worry about that it's an interesting take yeah i hadn't thought about it that way but i think with like what they're trying to import that's a genuine risk right like you portion off the free thinkers or the people that are independent minded right like you're you're kind of you're kind of stress testing them and like the jurisdictions that they're being forced to leave right like let's call it California New York because that's where most people have left

yes so you like stress test Jersey too though like Massachusetts Illinois Pennsylvania I mean Philadelphia a whole deal yeah breaks my heart, actually. Like, I walk through Independence Hall, and I think how far we've strayed. But, you know, that spirit remains, and you can't do it. But what you're saying is that you kind of force them all out, and then you hit them with this. What they want is a social credit scoring system attached to a central bank digital currency that basically the Federal Reserve and like their lackeys can control. That is the end goal here. You said that like everything that I've maybe thought would come true is coming true. The end goal of all of this goes beyond the mandates, anything like that. Even if they back off of it for a little bit, it's to take a deep breath.

The end goal is a digital passport that has access to every angle of your life most importantly your money and how you spend it and that's what we're up against and like that's what i think the final battle is and and that's what we we have to like not succumb like that's just if if that happens, it's over. It's over. And we have to prevent that from happening. What do those people get? The people who are causing all that, what do they get? Did you ever watch Squid Game?

I actually haven't. No. Dude, everything's a game. Great. Like, I'm playing a game. You're's a game. Great. I'm playing a game. You're playing a game. At a certain point, if you're that rich, these people that are that rich,

they're not doing it for money. Right. At a certain point, if you do enough drugs, you become numb to it. If you do enough things, you become numb to it, so you've got to find something else to do. and the shit gets weirder and weirder gets harder and harder they're like

in a different stratosphere where they're like a global puppet master and they get off on dictating how like people function across the world like that's that's the only explanation i can come up with it like i can't think that way nor would i want to like i just want to be left alone yeah i just want to chill but something like these people that are like the power brokers are like really like dialing these knobs that

it's i don't know i i can't get inside their mind but like it's some like anything else i think it's a game it's like a sick game that they want to be in control it's just a control thing it's a control thing i think like that's that's the only thing i can think of i think you have to be right i still don't get it like i think you have to be right i just don't yeah like who wants to do that think of it this way who's one that people stereotypically always talk about in america they always talk about the clintons the clintons go out to dinner in fucking town in chappaqua with their friends like regular people like they still do some of these regular things and like i'm putting on and saying like let's assume they're everything that like a conspiracy theorist says they are they got a body count what

so why when they're out like just meeting their friend who's not in on whatever the conspiracy is why can they depart from that reality sit down order a fucking filet mignon and chat it up and bill look at everyone who's not named hillary in the fucking place who's even remotely attractive and you know he finds ariana grande again that was a great great meme he what never saw that ariana grande meme no my god was that a bill clinton meme yeah that was so good was he staring at her yeah like uh god bless it was like some beautiful soul singer who i like i think i want to say it was aretha franklin and he's like sleeping in the front row and then ariana grande gets up and

he's like put it up here oh wait here's the image look at how sharp they do. For good measure. Al loves it as well. Their eyes aren't up. I'll put it that way. She's a good looking girl. She's a great looking girl. Look at this.

Oh, Jesse Jackson. You gotta find the meme of when he's looking at Aretha Franklin before he's sleeping. It's so good. But like in terms of how do they tap into normal reality, like so do most serial killers. I don't know. No, that's interesting.

I think these people are like sociopaths. They're like Christian Bateman in American Psycho. That's who these people are. Christian Bateman had no ability to be to for a long period of stretch of time patrick bateman i should say put on a face he had to do that i think these people have a face on and there's something underneath that's but that's what i'm saying these people at least have a demonstrated ability to go weeks months whatever normal

for most of the time let's see if we got that's where it gets confusing I'll put these pictures in the corner I can't find the Aretha Franklin one but the Ariana Grande ones are fucking incredible no he's like sleeping it's good but anyway you saw the payoff

yeah that's fucking i i don't so to stay back on track on on your original question that was all looking a year out and you were asking like you don't know where the tipping point is with like a bitcoin is there like a percentage adoption and i'm not just talking like regular people who just own a couple fucking cents of it in their coinbase account like a like is there a percentage of the population number of adoption that we got to get to where suddenly we're off to the races i've never thought of it that way i've never thought of it that way I think it comes back to what we were talking about earlier it's like circumstance like the best

driver of bitcoin adoption unfortunately is necessity like you don't buy it in a lot of cases until you need it right until your currency is hyperinflating until you can't send your money to your family in Costa Rica or El Salvador.

So maybe my prediction two to three years down the road is I don't think they can control inflation. I think they've lost supply chains because the economy the worldwide economy the global outsourced economy that these brilliant globalists have built instead of fucking made in america we need to get back to made in america because when everything's fucking built in china and pieced together in bangladesh and packaged in india and now the supply chains are broken we're seeing that come up it's like now like it's it's worse now so i think that like those supply chain issues will continue i think that inflation will continue um i don't like none of it's going to be like none of it's going to be good over the next couple of years like i don't think it's going to be a good time,

but I think if we have the right goals in mind and the right targets in mind, it's actually a beautiful phoenix rising from the ashes. But I think it's going to be really gnarly over the next couple of years, unfortunately. I think it's going to be really... to the point that people aren't going to get their medicine that they need shipped to them to, like, survive. Oh, that's a real thing.

There was something, and there's a book on it, apparently. One of the fans was talking about it. I don't want it to be that way. Of course not. I'm not rooting for any of this. Of course not. But it's a real concern. It is what it is.

Like, things are, you can't press pause on humanity and we tried to do that for two years and not only do we maybe you can press pause once maybe maybe you can get away with it once but we've been like you know what i mean like back and forth like off like off, on, off, on, off. For people listening, he's doing a freezing and stopping and starting again moment over and over. Yeah. Repetitive. So I don't know.

Honestly, my projections haven't been good here. I wish I could elaborate more, but I think inflation remains a problem. I think supply chains remain a problem. And, you know, I think that creates rippling effects that are problems. Yeah. Another thing Bill Fascio and I talked about a little bit, but the supply chain of life-saving drugs that is dependent on China, if they turn that off like a light switch, millions of people die within three to four weeks in america millions of people you think coronavirus is bad at its peak you're done you're ripped

you're finished dust it it's over what they produce like all the raw materials that apparently yeah they produce fentanyl as well they seem to get that in the States pretty well. They get that in here no problem. They have an incentive to do that for negative reasons. But it's not a – I don't look at it like any one thing. You know what? You said something earlier. I said we get to it. This is a perfect time. The next attack is a giant cyber attack.

What did you mean by that yeah like i think i think now is the time to like stand up and i want people to become awake because the last model that they ran on us worked like everyone bought into lockdown and definitely like an emergency doesn't last two like an emergency doesn't last two years no it doesn't last two years but it has it continues so they're gonna run the same playbook on a different terrain and it's gonna be more impactful and it could be one of two things could be a climate lockdown, right? Because you've already seen that. There's articles about like how much better the climate's doing since lockdowns. So that's like a ground seed. And I'm a huge climate proponent. First

of all, like everything I do is outside of golf. I surf. I snowboard. I have a vested interest. Literally everything that gives me enjoyment outside of like my family and Bitcoin and doing things like this like is outside. Yep. So like I don't want to come off as like a climate denier or anything like that. Like I think we should be doing the absolute best by the climate. But that's one angle. Like, oh, the world's too hot flip side i do remember like growing up in the 90s and they're like oh the ozone hole is gonna everyone's getting skin cancer

like new york and california is supposed to be underwater at this point according to al gore and to the old pamphlets from the 90s so that's one angle it could be a climate fear climate lockdown water shortage lockdown it's all And to the old pamphlets from the 90s. So that's one angle. It could be a climate. Fear. Climate lockdown. Water shortage lockdown. It's all in the same vein. I think if they really lose control of the narrative, they being the cathedral or shadow government or whatever you want to call it. Oh, I like that.

The cathedral. Yeah. The cathedral is essentially academia like big corporations world economic forum government that's the cathedral because they all work together and the media they're that's absolutely that's the cathedral so they work together i think that the cyber lockdown will be next. And how does that work? Bad actors have hacked into XYZ infrastructure. They already kind of floated it with the pipeline hack.

Remember that pipeline hack? So you've got to remember that these alphabet agencies are totally compromised, and they're not working in Americans' best interest. They're not trying to help you and me. When you say they're not working in Americans best interest they're not trying to help you me who comp when you say they're totally compromised is that from self-inflicted bureaucratic slippery slope mountains that have long been skied down on their own accord or is it also outside sources or is it a combination it's probably total projection on my part. But think about some of the things that have happened.

Who was the Las Vegas shooter? What was that guy's name? I forget. It was like Wayne something. Was it Wayne Gacy? No, that was a serial killer. Wayne Gacy was like an old school gangster. No, Wayne Gacy was, yeah.

He was in the South Park episode. Ferrari cake. Ferrari cake episode. Yeah. I'll look it up go ahead uh so when things like that don't get looked into when remember they said a bomb off in Nashville doesn't get looked into but the Las Vegas shooter would be a great example the guy has what like a fucking Steven Paddock Steven Paddock he has what like fucking Steven Paddock he has what 50 assault rifles

first of all it's firing from multiple angles it can't be one person there's so many rounds discharged like it's impossible they find his computer hard drive removed and then you never hear anything else about it.

You never hear about it again. Didn't the one security guard from up there, like he went on Ellen the next day, and then he was never heard from again or something? Yeah. I think he's alive, I think. But like he never... Not for long.

He never did any media after that? No, it's just like the number of shots fired, it's like it's impossible. And these things never get looked into they get memory hold so it's just you know we're up against a big fight like everything is stacked everything is stacked against like the common man so we're gonna we're really gonna have to stand up and we're gonna have to we're gonna have to give it our best go yeah like you should hear about Steven Paddock right like that is the biggest mass shooting yeah in the United States history you never hear a there's one of

them I don't know if it was the biggest I think like 80 people died or something I think it's like far away so so yeah the incident is the deadliest mass shooting committed by an individual in united states history so why is that not run down like why do we not know every single thing about that it looks like a plant to me i also want to note that event was the crossing point in the de-emphasis of gun control when that happened over the next two three days after it happened right on cue as it happened with every mass shooting that had occurred especially especially over the past, call it five, six years before that, every politician in favor of gun control came out and used it as yet another senseless act of violence

that we will chalk up to thoughts and prayers and not do anything about it. We must curb gun violence. And then once this story started to get weird and it went away in a second, all of them stopped talking about it and we forget this we do forget this but i started to notice by 2019 that the volume of gun control talk was way down and then the pandemic happened and the one great thing to come out of the pandemic

is that that arguments that they don't even bring it up that argument is dead literally 75 percent of people some of the some of my friends who are left of the left of the left who would have said take every gun three years ago that was guns yeah they own guns yeah i would have i would have said take you know after like a sandy hook type thing i was like you know what that's devastating like take take every gun but you know go have a look at australia yes and i now think that i understand the second amendment like they're they're these i know i keep saying like there and then but there is like a there's like a cohort that's like really trying to like rip apart the fabric of society and like the little liberties and institutions that like allow us to be free and they want to take them on it's very hard for me to figure out what is like i go back

and forth with what is the intended psychology versus what is just a massive never-ending loop of reverse psychology that's used so you talk about like the they and the them and the different cultural institutions of the people that are under attack tamping down of discussion online yeah you and i only touched this for like a minute last time at the very end when we were trashed so good good good time to get back into it now dial it back up but one of the things that occurs to me these days and i don't know if this is me just having too much of a wanting to be optimistic lens or if it's also just so ridiculous now that it's real but one of the things that occurs to me is the whole streisand effect that people talk about yeah and which is it's a term from the actress barbara streisand she i guess she like wanted her house delisted from the internet like a couple decades ago she tried to block private beach access which

is a huge no-no even in california right so what ended up happening is then everyone on the internet like posted about her house and and all that so it was like, she tried to censor the information and it only amplified it after her censorship in the one source amplified it to a hundred sources. So the idea is that when things are censored on Twitter or whatever, now so many people get a hold of it, that they will amplify it anywhere where there's any attention and you won't be able to get it in a box. What I wonder about sometimes though, is that the people, they, them, whoever's doing this, if they are either so psychotic that they can't see that that's happening. Because, again, like even if some of these people are evil, they're still smart, as we said.

Or if that's what they're trying to do, that it is the intent, the Streisand effect is the intended effect. And therefore, if that's the case, case what is the what's the goal there i i think that they're so greedy i still agree with you that they're they're smart but wicked they're so greedy that they can't again it comes down to time preference right like they want that control now yeah they're not willing to play the long game like hey let's rope-a-dope them into something that we can like really win right like they want the they want the instant win so i think that with the strides hand effect it works every time dude like every time they try and censor somebody the rogan podcasts are probably the best and most shining example. It's been phenomenal to see. You know, you have to compete. Everyone, I believe across

everything, should have to compete in the marketplace of ideas. Like if you don't like what Joe Rogan has to say, that's tight. That's great for you. You know what? Debate him or whoever he had on and like, let's see what happens. There's nothing wrong with saying, you know what? I was wrong. Now you're right. The only thing you said a few minutes ago as a part of this greater point that I'll disagree with because you disagreed with it i think so maybe i misunderstood what you were saying is the fact that all these people they them whoever they are they're only looking short they're not looking long you put out last time we were on here you had me pull up a video of the russian kgb guy and that was a couple months

later i think rogan put it on his show and then it like blew up i beat him to it yeah yeah because i had never heard of it and then people someone sent me the clip like over the summer they're like bro you got to see this and then i sent them the link back i'm like matt kevin i already pulled this up but essentially what he was saying is that we will beat them till their fat bottom falls in on itself and he was talking about like the soviet plan to over generations turn america against itself and it's not the concept is obviously it wasn't just the soviets who were thinking of shit like this other people were too and so i do think i do think there's an element of that where they may make

things look like it's short term but that's where like my reverse psychology thought comes in going like well they had to know that was going to be a streisand effect so why do they want it to be and what's the what's the next iteration they want to see from that i love the paranoia it's great i mean that's that's the critical thinking that's that's lacking yeah and i think you're tapped into that and that's that's great because there's a limit on like adversarial thinking these days like it's not allowed when it should be encouraged in like a polite fashion and certainly like the Streisand effect amplifies it like that's it's just such a good example like rich Hollywood woman like does something wrong then tries to shut it down and then everyone finds out about it like

it's kind of an allegory for like everything that's happened lately or even probably for the past 30 40 50 years like so it's a it's a good truth-telling mechanism and it's a good lesson to like just dig underneath that what you hear isn't probably what's actually going on. If you have nothing to hide, then there's nothing to hide. The truth requires no explanation. It requires complete transparency. It's the Grateful Dead touring of the truth. It's Bitcoin.

It's Bitcoin. It makes a block every 10 minutes. It ticks along. China can shut it down. We can all look at it too. You can see it in real time. If I have to give you my last prediction for the next three to five years, it's time for transparency to win.

It's time to give tools to people to succeed like i want everyone to succeed not the laptop class that's like bitching on washington post i want everyone to have the tools to succeed and i think economic empowerment and like ending the paper chase ending like the the hamster wheel i really think that like bitcoin can end the term paper chase i really think it can because if you're at the lower levels of economic society you're always chasing the paper always is the rent due is the utilities due but if you have like a savings mechanism if you have a way to like save and be smart i think people that are in those situations are smart but they're just they're set up for failure and i want them to have an alternative choice where they're set up to win and

bitcoiners versus everybody else we want everybody to win. I want everyone on board taking all my bitches with me. I want everybody to fucking win. I want everybody to win. I want everybody to come on board. I want everybody to get on Bitcoin standard. I want every single person to win. I want every single one of you to win.

And that's how I feel. Great spot to close it, dude. That was a loaded one, as always. Thank you for coming in. Anytime. Everybody else, you know what it is. Give it a thought. Get back to me. Peace.