Macrodosing: Arian Foster and PFT Commenter - Crypto ft. Anthony Pompliano
Episode Date: May 11, 2021On today's episode of Macrodosing, Coley returns and the crew is joined by cryptocurrency investor Anthony "Pomp" Pompliano to talk about the thousands of different coins out there. Are these coins su...stainable? Can we make money? Is CumRocket the next DogeCoin? Find out on the show. Enjoy! 4:30 Big T lost his voice at a baseball game and was throwing back alcoholic slushies 7:00 Tiger on the loose in Houston 12:00 Arian hates dogs 15:00 PFT’s Dogecoin investment 17:30 The 500 A.D. cryptocurrency 22:30 Satoshi Nakomoto 29:00 Mt. Gox 31:00 What exactly is the value of Bitcoin other than U.S. dollars? 34:30 Are these coins real or fake? 36:00 CumRocket 38:00 Anthony Pompliano interview 1:27:00 What happens if Bitcoin becomes the new dollar? 1:30:00 We’re buying CumRocket and taking it to the moon 1:32:00 Silk RoadYou can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/macrodosing
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Hey, macro dosing listeners, you can find us every Tuesday and Thursday on Apple Podcasts, Spotify, or YouTube.
Prime members can listen ad-free on Amazon Music.
Welcome back to another episode of macro dosing.
We got a squad here today.
We got Big T. Coley.
We got Arian Foster.
And we're going to be joined by Anthony Popliano in a little bit.
As Avery called him, the Stephen A. Smith crypto.
I don't know if that's true, but that gets me very excited for this interview.
Actually, I kind of wish we had just gotten Stephen A. Smith on the show to talk about it.
cryptocurrency. How long do you think it would take Stephen A to be able to go on to a show and have
like a strong opinion about Dogecoin and successfully defeat Max Kellerman in a debate?
Five minutes. Yeah. It's kind of like plug and play for Stephen A. Smith at this point.
You just, you learn what your basic facts are and then he just attacks you personally and he does a
great job. But we're very excited about that interview. We're kind of novices, right? I don't know.
Where do you guys stand right now on cryptos? Aaron, do you have a lot of
like a background in them? Have you been reading up on them for a while?
No, I'm just very rudimentary reading.
But when I was like dug into it just for the show, it doesn't seem, okay, it seems
complicated like to execute, right, to if you were one of the people who are doing like
blockchains. But as far as like the basic understanding of what it is, it just didn't seem
that there's not a lot of depth to it. It's just another form of currency that it doesn't
have a third party attached to it.
what about you call it the more i like think about it the more it becomes the center of conversation
seemingly everywhere i turn my head the more i just resent all currency and want to like burn
everything down and start at nothing like i just it makes me think about money constantly in a way
that i happened before and i don't much care for it it turned you into fight club your brain
is just like the ending of fight club right now where you're blowing up all the credit card
buildings right yeah which that never really would that work like if if the master card building
blew up and the visa building blew up i'm pretty sure that they've thought about that like there's
not one room where if you blow up like the server room at visa incorporated in new york or
whatever like all credit card debt is wiped out across the board is that true is that how it works
no they probably got servers backed up gee they probably wrote it down they probably wrote they probably
have a like a file one filing cabinet in the CEO's office that's just like all right coli owes me
$40,000 for going to school it's on a sneaky note what year was fight club was that like
96 98 that's something like that thousands that was 2000s like back then it may have worked
now I'm sure it wouldn't work yeah 1999 big tea big tea sounds like he had a weekend big tea
went to a music festival this week an edm music festival and
Is it a baseball game?
Really?
Yeah.
How did that go?
It was fun.
Did you guys win?
Yeah.
Is that how you lost your voice?
Yeah, I got after it Saturday, for sure.
You're screaming at a baseball game.
That's new to me.
Well, yeah, it was a great game.
Big T's a passionate man.
What does that mean that you got after it?
I mean, I was just really, y'all, y'all will enjoy this.
So y'all know I'm not much into alcohol, but I think I've mentioned on this show,
I'm becoming more of a social drink.
and so we were at the game and there are these two foot tall novelty like slushy drinks
yeah that had like i think vought shitty vodka in them and my buddy got one and i was like you
know what fuck it let's go and so i got one of those and it was rather delicious so then i was like
all right we'll go for a second one and so i had two i would have gotten a third one if they weren't
fifteen dollars yeah so i had two of those i didn't feel a thing um but it was it was just just so
that just so people know i was that that's why most of his drink you don't feel the thing yeah i was i was having
i was having i was having a great time that's awesome i wish i could have been around drunk big tea
i was not i literally could not tell a single difference long island ice big tea that's what we
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So before we get into our guest, before we start talking crypto, want to catch up.
Actually, Aaron, I got a question for you.
I saw that there was a tiger on the loose in Houston.
Is that close to you?
I ain't heard of it.
I ain't seen of it.
So I'm going to venture to say, no.
It ain't close to me.
Okay.
Good.
There was a tiger that was on the loose in somebody's front yard.
And then, like, a police officer went outside and confronted the tight.
until the tiger like stand down. Let me see your hands. The tiger didn't look like it was
complying. But fortunately, I think the owner of the tiger got it and brought it back inside.
So it didn't have to be executed. But it was, it was a wild.
Wait, did you see this part of the story? I didn't know this. Man who escaped with Pet Tiger
is out on bond for murder in Fort Bend County. Is there some sort of rule about like,
I do live in that county? I live in that county. Do you? Well, there's a,
murderer with a tiger on the loose.
Now, is he a murderer or does he just let the tiger go?
Man who escaped with pet tigers out on bond for murder.
So I don't think that the murderer was tiger related.
No, correct.
The suspect whose name hasn't been released is out on bond for a November 2020
murder in Fort Bend County, according to Houston Police Commander Borza.
Although I have to say, like, having a tiger and being, most people that own tigers
have probably at least committed manslaughter before.
at least thought about it
yeah it's um the best security system you can get
is just having just letting people know that you
that's probably why you got the tiger if you're
if you're out on bail for murder
you probably have some people that are maybe
going to be knocking at your door maybe
get a little vengeance you just let them
you let everybody know you have a tiger
and I think that kind of takes that that threat
off the table
is that a subject though
yeah yeah it's true
what's that cold I was going to say
And Texas, are they really that afraid of tigers?
Like, aren't they constantly shooting and hunting and things like this?
I think most people are afraid of, like a tiger off a leash.
Or even on a leash.
I don't think a leash would do that much good.
Tigers are frequently leashless.
Yeah.
Yeah.
I got one 40 millimeter glot and it's not made for tigers.
No.
I'm deathly afraid of tigers, yes.
There was some people replying to the tweet showing like there's a tiger on the loose.
and they were getting mad at the guy with a gun in the street being like you don't have to shoot the tiger you can like just get the tiger it's a it's a cub i guess the tiger was not fully grown but it was still looks like a rather large big ass tiger it was like 250 any any tiger above i want to say 10 pounds um i think that's a clear and present danger fuck that tiger yeah good movie clear and present danger that is a great movie yeah love it uh
So I'm glad that you're safe, Aaron.
I just saw that.
And I was like, I wonder if this is close to him.
They said there was like a whole children's, like, birthday, Mother's Day gathering, like, the house next door.
And they had no idea.
So wait, not at the, not at the tiger house.
No, like right next to the tiger house.
And like they saw the videos.
I guess this happened yesterday.
And they saw the videos today when they went out.
I can't imagine they do serious background checks on purchasing a tiger.
No. You should not be able to purchase a tiger.
I agree. I think that you should be allowed to steal tigers.
It's one of those things where if you can apprehend a tiger and get away with it, that tiger belongs to you.
If you're still alive after corraling a tiger, that's your tiger.
Texas law does allow for the private ownership of tigers and other dangerous wild animals,
but applicants must register with their sheriff.
How do you do that? How do you go about registering?
Emotional support, Tiger.
Says you have to file paperwork with the state.
as well as follow strict caging requirements.
I would say the caging requirements were not followed.
The caging requirement is like, yeah.
I've got windows with childproof locks on them.
Because I looked at this house is, like the house is a pretty normal house.
It looks like a one-story, maybe like, I don't know, 1,200 square foot house.
That doesn't feel like it's appropriate for a tiger.
You have to have at least a swimming pool.
Yeah.
So weird, though.
We're legislatively allowing people.
people to own tigers, bro.
It's just so weird.
There's got to be like a tiger lobby out there because that like common sense tiger
legislation seems like it would have universal support where it's like, hey, you shouldn't
be allowed to own a tiger in a single family house.
But they have to have, they must have a powerful lobbying group that, that essentially
shoots down all that stuff because that's, as a nation, I feel like we should be able to
at least shake hands and agree on that.
Like I'd, I'd prefer if my next door neighbor didn't own a tiger.
Yeah, or any animal.
I don't like dogs either.
I look at tigers like dogs.
Same thing to me.
You don't like dogs?
I hate dogs.
Come on, man.
That's a tough sell.
The tiger thing, yeah, that's a tough sell.
Okay.
Have you ever got bit by a dog?
I have.
I've gotten bit by, yeah.
I used to sell used dogs in Texas, actually.
I learned my lesson you did not, brother.
Fair enough.
Yeah, that's true.
It's just dawning on me.
It didn't kill you, though.
Like, the tiger's not going to bite you,
and then you're going to have the story to tell about it later.
Not every tiger bite goes fatal.
People survive tiger bite.
Caleb actually got bit pretty bad by a dog in Florida.
Oh, really?
Yeah, he was like trying to save one dog,
and the dog he was trying to save actually bit him.
That was crazy.
That's what happened to me when I was selling used dogs.
There was a pit bull named Moose that I loved.
Use the dogs.
Moose was a good dog, but he couldn't stand the sight of any other dog.
He was actually kind of like you, Aaron.
he hated dogs and a dog got close he saw a dog one time when i had him out on an adoption site
and they started barking at each other moose got out of his cage and uh they started fighting
i stepped in between moose ended up biting me in my leg uh but listen i was an a one used dog sales
when i got them adopted later on that day like that to me was that was probably the best sale
that i ever had but it occurred to me that it's easier to adopt a tiger in texas than it is to
adopt a dog for the most part? With dogs, you have to go, you have to do background checks
on the people that you're adopting to. Well, that's why I don't, that's, I look at dogs and tigers
and cats. They're all in the same category of me. They're just animals. And I don't, I'm not like a
Buddhist monk where I, like, every life is like, no, like, I'm a species. I believe that humans
should be preserved over animals and I couldn't care less about them. And maybe that's a little
immoral but I just don't care
I think everybody has their standard
of what they deem
which animals we should and shouldn't kill
right like
a lot of these dog advocates will have burgers
for lunch and
like your lunch was slaughtered
man but you want to protect the fucking puppy
like fuck that puppy I don't care about the puppy
like you don't care about the chickens
that's actually not a bad point
so like Billy on one hand
I don't think Billy has a species
of animal that he doesn't like
I think you would welcome it.
I could see Billy owning a tiger.
It's a slippery slope from fucking a frog to owning a tiger.
And so he's already well on his way there right now.
But yeah, so I'm glad that you're safe.
I'm glad that the tiger seems to be apprehended in loving custody of its murdering parent.
So that's good.
So you guys want to get into some Bitcoin shit, some shit coin?
All right.
So we're going to talk about cryptocurrencies today.
I am an owner of Dogecoin.
I feel like I have to say that off the top, right?
I have to disclose my financial interests.
I bought Doge back in July.
I still don't know what it does.
I just saw people talking about it online.
I was like, this is funny if I own like a fake cryptocurrency as a picture of a dog on it.
So I bought it when it was like really, really cheap.
And I've got diamond hands.
I'm not paper hands.
I will not sell my Doge until I'm shooting for 12 months because I was told that you take a big hit on capital gains if you sell it within 12 months.
So all I know is that it just goes up.
The number in my phone is bigger usually than it was yesterday.
I have no idea what the underlying technology behind it is.
I'm just saying like I'm here, I'm just along for the ride, baby.
And as far as I can tell Doge, it's entirely predicated on who the most famous person is
that has recently talked about Dogecoin.
And if it's somebody very famous, then the price goes up and just keeps going up.
I tweeted this out on, I think, Friday.
but if Jeff Bezos adopted a Shiba Inu dog, I think that the price would go up to like $2 a share, $2 a coin at that point, because all people care about is how much buzz is around the coin right now.
But that said, I have a very limited depth of knowledge about all these crypto coins. I don't know really what they do or how they work. I've done a little bit of research on them. But that's the only one that I own. And then I had a smart friend that told me to buy Ethereum. I keep calling it urethium by mistake.
That's not the name of it, although that could be a cool name for a coin in the future.
But Ethereum is the only other one that I bought.
And I still don't really know what that means.
I just think that it has like a more real world application and somebody who's smart
told me to buy it.
So I bought it.
And that's basically it.
You guys know anything?
I own nothing.
I was going to preface saying that Quigs, who came on last episode, he had a shit ton of doge coin in like 2017.
He would be like worth like 100 million.
million dollars right now no joke not that much i i think so i think it was like he had an insane
number of doge coin you can't play the game that way though you can't look back i know can't say
what ifs i got to ask him because it was a lot like at least over 10 million dollars worth of
doge coin like he was so into it i love it all you'll keep talking i'll text you got to text
him and ask him because he had an insane amount i think uh and then well we'll get into hoge but
like there's like this new stuff it's crazy
there's people the buzz around this office for dogecoin in like 2017 was nuts so um i got a little
story to tell here this is the story of the very first decentralized currency uh and it was actually
back in 500 uh i think it was 500 ad so a long time ago it was on this island called yap
which is in micronesia and uh they didn't really have money what they had they just had giant
ass stones like big wheels giant wheels that would take like four people to move around the island
and that was their money because you couldn't steal somebody else's stone you'd have to have like a
whole squad ready to pull off a heist of it so no one had like paper money or anything like that and
it was their their way of spending money and the way that they would keep track of who had what stone
and what transactions had happened was they would just tell every person the
village like hey this person bought like four cows i don't know if cows were thing then or if they
were on those islands but they'd be like hey this guy in uh in this building bought four cows from this
guy so just everybody remember that and then everybody would know they everyone on the island would have
just like a mental log of who had more stones than everybody else and and how the transactions were
going down and so that was like it was the first decentralized ledger which i've learned is really the
rounds for creating crypto coins where it's not like you don't have a government backing it up like
we do with the dollar. You don't have one single company that's putting their stamp behind it
and keeping track of the transactions in one local place. That was the first blockchain was
on the island of Yap back in 500 AD. I don't really understand. I can't really connect the dots
why you would need to teach everybody like who's got how many coins when you have like these big
five ton coins out in your front yard right like why does i don't know why everybody else needs to be
able to help keep track of that but i thought that was pretty interesting that that was uh i just like
the concept of having giant ass coins so everybody can see exactly how rich everybody else is at any
given time the the like mayor of that town was the initial like the original adam chepter
announcing everyone's contracts yes yeah there probably was like one dude that was in charge
of like presiding over these meetings and be like breaking news the next door you'd have like
the rap sheet uh version where he would just copy exactly exactly but then add in like one small
little detail but uh i guess yeah we kind of have like the concept isn't entirely foreign like you see
somebody walking down the street and you know they've got a nice pair of shoes on uh you're like
hey that guy's rich or that guy just spent all his money on shoes one of the two um but yeah i thought
I thought that was an interesting way to keep track of things.
So that was the island of Yap.
And then I guess the first real development in terms of modern crypto came in the early 90s.
Stuart Haber and W. Scott Stornetta, they decided, they came up with like a theoretical way of developing a blockchain.
But they didn't really have the technology to do it.
They just kind of invented the concept, which was.
a computer that can keep track of every single transaction that's ever been done using
whatever currency that would be. And it's essentially, it's foolproof because it keeps like a
written in stone record of every time it changed hands, every time somebody spent it somewhere.
And that, but they didn't, it was like theoretical back then. So much like the internet back in the
70s, people were like, okay, we figure this thing out. There's a worldwide connection to
computers that are going to be changing the way that everything's done in terms of communication,
but they didn't have the technology to actually, like, be able to log into a chat room and
have like a 13-year-old guy, pretend to be an 18-year-old lesbian girl and ask for pictures
from another 13-year-old guy. I think that's like a universal. Cole, you're shaking your head.
You didn't do that? No, this is very funny. Like, for whatever reason,
at this company every few months, we always go back to AIM chat rooms and now everyone
is just a girl on the internet.
Yeah, it was quite the community back then.
So until we got to the technology where you could actually communicate with people online,
it was just like, hey, the internet's going to be big.
You should get into the internet because once technology catches up with our brains, it's
going to change literally everything.
So that's kind of what that first development from Haber and Stornetta was, where they're
like, hey, just so you know.
We've got this idea.
We've got like an equation almost that's going to change the way things work.
But just stick around.
Hope you don't die in the next 20 years.
But just remember that we came up with that.
And then 2008, Satoshi Nakamoto invented Bitcoin in a white paper.
And that's not his real name, we don't think.
So he's just, he is the guy that's credited with inventing the concept of Bitcoin.
But again, it was kind of theoretical at the,
time when he first wrote about it and then he just disappeared nobody knows who this dude is but
he allegedly invented bitcoin that might not even be his real name so i don't know if you guys
have any conspiracy theories about what you would do or where you think satoshi nakamoto might be
this my theory he's got to be dead because at some point you would want to claim credit for this right
you would want to have your name written down in the history well i was going to say history books
but in the blockchain uh so that like future generations could be like yeah this guy he
is God. So I'm sure we can bring this up with, with Pompliano later. But so this, this guy is my
biggest concern with Bitcoin. So he, whoever he, she, whoever it is, supposedly owns a million
bitcoins, which right now is about $6 billion. And there's only, what was the number? I think it's like
23 million that can ever be mined. So this person owns 5% of all the big.
that could ever exist, which is more than the U.S. government owns of all the world's gold
reserves. So, like, if this person ever decided to just flood the market with their Bitcoin,
like it would just crash it, like it would just go to zero. So he has all the power? Correct.
So he, somebody killed him then? I don't know. I just find it very odd that whoever created this,
like intentionally did it under the guys of a pseudonym, we think, and has five,
percent of all the Bitcoin in the world and just nobody knows who it is.
What do you guys think about?
Where do you think Satoshi is right now?
Is he alive?
I have no idea where that nigga is, but I'm skeptical about this whole shit.
I'm just skeptical.
Coley, maybe you can get your conspiracy off before I rant.
No, because I don't, like, I don't even have like a basic level.
I'm just like the whole mining thing is where I get so lost.
Like, what do you mean?
I understand the concept of mining gold.
It's physical, but it's the internet.
Like, no, like, they didn't create the internet and someone put, like, a treasure hunt out there with all these fucking coins.
No one knew about for 40 years.
So, like, I'll never understand what that part of it means.
Yeah, this is why I'm skeptical, man.
I do think it's the future, right?
I think that cryptocurrency, the essence of it is the future because people are less and less trustworthy of the government and their financial.
incentives.
But as of right now, it's the Wild Wild West, right?
So like, let's say I'm an apartment owner and I want to accept Bitcoin or
Doge coin or whatever the fuck coin as payment.
Okay, the market is so volatile.
It's just up and down every day.
So the day before rent is due, I got enough to pay my rent.
The next day, something happens and the value of it drops.
now I don't have enough money for rent.
And so the stability of it doesn't make much sense economically
other than for extra cash people have laying around
and just a whole separate market.
And so I'm unsure about how this is going to work
with any kind of pragmatic way
because it's just so up and down.
There's just no telling.
And like right now with Big T you said,
the guy has more than the government has in gold or whatever like that isn't even applicable
because the government is is literally like we live in a fiat currency so it's not like we don't
it's nothing's backed by gold and so this is very similar but it like like you like you said it's
decentralized so there is no arbiter right and it's there's just no stability i don't i don't see
it working i don't see how this can work and and right now it just feels like a whole bunch of
people playing like playing on the internet with each other like that's all this feels like yeah well
i think there's definitely some truth to that because the only value and it comes from other people
believing that it has value but that's kind of like any other money has value yeah but
the the entire if nobody like believed that bitcoin or cryptocurrencies were going to be the future
they would all be irrelevant like it's the cost of a bitcoin the price of a bitcoin the value of
it is entirely worth what somebody else is willing to pay for it
at that given time and that's the only way that it's measured right now and uh i think the whole like
it's just almost like too complicated for me to wrap my head around because i'm not smart i'm not
uh i don't have a degree in computer science i've got a laptop that i just yell for pete to come
and fix whenever it breaks down so i don't really know i'm not the uh the most well-versed person
in terms of the technology behind it but i do know that um it's essentially created to be
to solve a problem, which is counterfeiting, fraud, and double spending of any dollars.
So, like, if you have, just in the past, there had always been a chance that if you sell something,
that it's essentially grounded in the system of trust.
So if I own a house, at the end of the day, yeah, there's some like papers that go back and
forth between me and a bank and the government that will tell you I am the owner of this piece of real estate.
but there's nothing like concrete that you can trace back and know 100% that it's real.
But with the blockchain, since every transaction has a special, I don't know, I'm going to sound way out of my depth here,
but has a special, essentially like code written into it that you can go back and tell exactly what happened when and where.
And since it's so decentralized, you can tell that there have been like multiple computers distributed all over the world that verify that this is actually
what happened. I think that's what a lot of
like Bitcoin futurists are really
into, the fact that it's the only
thing that you can, it can solve
counterfeiting, essentially.
But then there are people,
I always come at it with a mindset of like
hackers are going to figure out a way to take this entire
fucking thing down. And they have.
They've done shit in the past. Like, you remember Mount
Gox?
So back in 2014,
there was a website.
This is where cryptocurrency
has become hilarious to me because
they're so online that it's almost ridiculous when you look at the technology that's put on
that's been put on to in the past but one of the biggest exchanges in the entire world was called
mount gox that's m t gox and it stood for magic the gathering online exchange so it was it was
a company or a website that was developed just for nerds to trade magic the gathering cards with
each other and then eventually people started paying in bitcoin and they're like hey we
have something here. Let's keep track of all these Bitcoin transactions and have your online
wallet located in our servers. And then people hacked into that. And I think they, I think they just
straight up lost $450 million overnight. And you can't get it back once it gets stolen.
They stole the passwords for it. And I'm always of the mindset. Like, if you have a currency that's
based entirely online, hackers are going to figure out a way to get into it eventually.
yeah that's why I'm just skeptical about this I just don't know I don't see the stability
because our current currency system there's no stability right all you have is government
pumping out writing checks just typing in making money but we all still agree that this money
has value and it's with this cryptocurrency she's like now the hacker got into so I'm not
fucking with that one anymore. I'm going to this one. And so it's like, it's just so scattered, man.
I don't know, though. I'm willing to be convinced, but I just don't see it. Also, one of my other
questions is, uh, Jack Mack, one of our other employees here who's huge into crypto. That's where I
knew all my crypto stuff before this, which Lord love Jack Mack, but if that's where you're getting all
your information, I needed to do some more research. But so he's always like, you know, if you don't want
to have to trust the government with all your money, like this is what you should do. But
it's all tied back at everybody talks about it in terms of its relation to the u.s dollar they're like
oh it's worth 60 grand now oh it's worth 65 grand like it doesn't have its own inherent value like
it just goes back to the dollar and people just treat it as a as an investment like a stock like
they're not actually like you and i were talking about this earlier nobody is is buying bitcoin
to then go buy a car with the bitcoin like they're buying bitcoin to hold it to get more u.s.
dollars well i'm buying doge coin just so i can tweet about having doge coin right and then that's
just a meme yeah but i mean at the end of the day the number went up so yeah you know that
you make a good point like how many places out there are accepting bitcoin as payment i i i can't
think of a single service or good that i purchase on a regular basis that if i even wanted to like i
if you walk into a bodega and you're which are only in new york by the way are in so you probably
don't know what they are. There's stores that have convenient goods in them that you can go
to and you can purchase only in New York. Hey, hey, fam. I know what a bodega is, man. So like,
if I walked into a bodega and I was like, hey, uh, let me get, uh, some anti-cap hot fries
and cool ranch Doritos and salsa. And can I pay for that using a Bitcoin? The guy would probably
shoot me. He'd throw his cat at me if I tried to do that. Uh, so I don't know. Like, do you guys
using anything that you can actually pay using Bitcoin if you wanted to?
There wasn't there.
There was, I saw recently there was an article that, like, there was like some, some,
I want to say politician in Florida that, that said that something could be,
I didn't read too much into it because I just wasn't in a Bitcoin, but like something
could be exchanged or be paid in Bitcoin now.
I think it was like an apartment complex or something like that.
I don't remember exactly what it was, but Big Team made a great point.
It's like everybody exchanges it for its amount and its value in dollars, right?
but like even dollars when you break that shit down is pretty fucking stupid as well but we just all agree we agree that the dollar has value we agree five dollars equals this much amount of mike and ix right it's just what we agree as soon as we all stop agreeing that the dollar has any value there will be no more dollar because it doesn't have any intrinsic value it's not like apples right that has intrinsic value that has nutritional value dollars all made up and so it's like this is just like the beginning stages
of what I do think is the future,
but at some point in time,
we're all going to have to come into concordance
and like, okay, this is the value that's set.
And then somebody has to be the arbiter of that value.
That's why I'm just so skeptical about this.
That's what I was saying.
Like even inflation, like we accept that when we use a dollar,
it depreciates some percentage over time,
but we still have a pretty set, like understanding
of how much it's worth eventually over the course of like 100 years,
like $100 now is way less than it was 100 years ago.
but like we just talk about Bitcoin in terms of dollars.
It doesn't even have its own fake value.
Like you were talking about intrinsic value, it doesn't have its own fake value.
Yeah, yeah, yeah.
And the funniest part about all these new crypto coins is the names.
I don't know who, well, I guess you can just come up with a name for your coin,
but it's like a race to see who can come up with the most ridiculous name right now.
And so I've got a list of names of new, they call them shit coins,
like the brand new coins that are just essentially meme stocks that you want to buy.
So I'm going to list some of these names.
You tell me which ones are real and which ones aren't, all right?
Gotcha.
All right.
Come Rocket.
That's 100% real.
Real.
I say it's fake.
No, it's real.
Come Rocket's a very real coin.
A little bit too real.
See, I think I got.
How much is that worth right now?
Come Rocket is worth.
Is it C-U-M or C-O-M?
It's C-U-M.
It's C-U-M.
I don't know how much it's worth right now.
uh there's one called uh vagina it's called vagina v g i n a that's probably real can i google cum rocket on
my work computer yeah absolutely the auto completes you take care of afraid of getting i'll put value
just to have plausible to not i'm googling cum rocket value uh vagina is a real coin it's down to
this looks like i can't even do the math once you get so many zeros behind the decimal point it's
worth like one hundredth of one cent right now it's down 2613 today took a real beating in the
markets come rocket's trading at 13 cents it's not that bad it's down 20 percent we need to buy
the dip to the moon by the by the dip that's actually by the dp come come rocket has a market
cap the market cap of cum rocket is 187 million dollars oh my god you know i might have to get
I have to get involved.
Hang on.
There is one called Tick coin, which is on the spank chain.
It's a blockchain, but for porn.
Can we?
I just, only just said, buy the drip on Come Rocket.
That should be their new saying.
I got to say, just one more thing about Come Rocket on this thing that says circulating
supply.
The circulating supply of Cum Rocket is 1.4 billion Cummys.
Cumbies. Can you imagine buying some bread with comies? That'd be amazing.
Are you doing me some commies? I'll pay you back next week, I promise.
I was stingy before, but you're definitely not getting any of my comies, man.
I'm just going to admit these are all real coins. None of them are fake. There's one called gay money.
Gay money is trading at almost a quarter right now for one gay money.
Twice out of Comrock.
Yeah.
Twice, you're right.
It's,
what do you think the first call it?
Gay money?
Yeah, they call it a cigarette.
A cigarette coin, yeah.
Yeah.
So let me get this straight.
There are, because I looked it up,
there's over like 5,000 different kind of cryptocurrencies right now,
trading, right?
Can I buy, I guess you can,
but can I buy cum rocket with Bitcoin?
That's a good,
question. I don't know what's the conversion rate on that. What's it? I'd like to see what the
conversion rate on gay coin was. You just have to administer an electro shock to it and then it becomes
yours. That's what it just this shit though that shit is silly man. Like gay rocket
you get cum rocket. I actually I brought up a generator here. What if they merge?
What if those companies merge and it becomes a gay rocket? That'd be fucking hilarious. We can generate
a name for a cryptocurrency here on this website that I found. It's called biznamewiz.com.
Great, great website. You guys probably already have a bookmarked. So I typed in Big T to find
what your crypto will be called. There's some suggestions on here. Iconic big, Insight Big,
Tgenix, Atlas Big Opedia, Integration T, Zone T, Nomad T, Alpha T. I love Alpha T. I love.
of integration T and what was the T-something.
Tgenics.
Tgenics.
Yeah.
I like that one.
That one's kind of fire.
We're going to get to Anthony Pompliano in a second before we do.
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And now here he is, Anthony Pompliano.
So we're idiots.
I just want to preface this entire thing by telling you how dumb we are about everything.
Arian's not.
But we are very novice when it comes to the world of...
Don't worry.
I'm an idiot, too.
so we're already fast friends perfect perfect all right so do you want to you want to plug your
newsletter the the way i introduced you earlier when we said we were going to have you on the show
is our producer said that you were like the stephen a smith of cryptocurrencies is that a fair
assessment uh i don't think i want to be associated with stephen a smith because he's horrible
at debating but uh i'll take i guess whatever uh whatever the producer says you just offended
Cole with that statement. Yeah, Stephen A. Smith is one of the great debaters this nation has
to offer at the moment. Who else is building a legacy officer? He's entertaining, but he's wrong
all the time. So can he really be that great? Hey, listen, if you're consistently wrong and you
keep rising the ranks, who's to say who's really right here? He just failed upwards. Perfect.
Yeah. Facts don't really matter anymore. They really, they honestly don't. Actually, so I was thinking about
there was some campaign manager from the Clinton campaign back in 2016 that tried to make a website
called Verrett that would just assign a number where he would verify that a fact that existed
online was the truth. It was just like it was a Photoshop that he would just like type out himself
and send to somebody to be like it's it's verified right now so you know that he essentially
invented the blockchain it sounds like. Facts don't matter in today's world so you're right on that.
Can you just like start off by walking us through?
We've done a little bit of background on cryptocurrencies.
How did how did Bitcoin first get invented and how did it first start to be used?
Like taking us back to 2008.
Can you walk us through like 2008 to 2018?
Yeah.
So basically there's a pseudonymous person named Satoshi Nakamoto who essentially created a piece of technology.
it's a pretty big technical breakthrough or kind of invention called a blockchain and they launched
the first application of a blockchain with Bitcoin. And the whole idea was essentially they created
digital currency. So if you think of the legacy system, every single thing in the legacy system
is not transparent and it's driven by human decision maker. And as we all know, every human is
basically stupid and makes really bad decisions, especially at work. And so,
central bankers are no better than any of the rest of us. And so what Bitcoin is, is a transparent
system that's fully programmatic, meaning that we all know what's going to happen in the future,
and it's executed by code and can't be changed unless we all agree on. And so that was
created in 2008, released in the beginning of 2009, and essentially between 2009 launch to today,
it's grown into a trillion dollar asset and has been the best performing asset over the last decade
or so okay and uh full disclosure i am invested in doge coin i know you feel a certain type of way
about the doge but the fact of the matter is it goes up almost every week it's up from where it was
the last week so can you explain to me why i should disavow my doge coin which has returned something
like, I don't know, 13,000 percent for me?
So if Elon Musk is doge father, what does that make you?
Are you like Doge son?
I don't know.
Like a stepdoge?
Doge lad.
Step Doge.
I'm a pup.
I'm actually of the belief that the market is the referee.
What I mean by that is like everyone has their own opinion, right?
And everyone comes on like the town hall or town square of Twitter and yells and screams at each other
and calls these other idiots.
but ultimately like the price is the referee and so if you believed in doge and somebody else was like
that's going to zero well like you were right and they were wrong so far now who knows what happens
in the future but like you've been right so why should you sell it if you still think it's going to
go higher then it would be it would make sense for you to continue to hold on to it so I think
this whole idea of just like everyone thinks they're smarter than everybody else everyone else has an
opinion and they want to like virtue signal uh over it I think it's just stupid and we see that with wall street
in the crypto community and the game stock community.
But I think it's also true within the crypto community.
So you've got Doge and you made a bunch of money on it.
Congratulations.
You know, if you think it's going higher, keep holding.
The moon.
I'm not selling, when do we, when do we reach the moon?
Because people are always like, that's what the goal is.
How do I know when I'm on the moon?
Well, the moon used to be this thing that no one knew.
Like there was no actual finish line.
No one could define the moon.
And then Elon decided that he was actually going to start sending Doge mission.
to the moon and except Dogecoin for the rockets.
So I feel like now I think we have to change the finish line here once he does that.
But look, I think the part that people are right about across the crypto industry,
regardless of which piece you are excited about or think has value,
it's just that this is technology that is disrupting markets or its societal kind of means, right?
And I think that just people have drastically undervalued the power of the internet when you have a community.
And so what's the difference between Barstool and Doge?
Really not that much just in terms of you bring together a really highly engaged powerful community and they create value.
And so why should only the owners of a company get that value?
You shouldn't everyone in the community get the value as well.
And that's what you're seeing with things like Doge.
All right.
Aaron, you had some specific concerns about crypto that you were bringing up earlier.
All right. So I guess I'm just like I am super novice at this. And so I'm sure these basic questions you can answer. But I'm really skeptical of it because of how I guess like the Wild Wild West, right? There's 5,000 different cryptocurrencies currently trading right now. And so while I'm all four,
limiting government actions in our life for the most part.
One of the things that we can all agree on within our current financial system is the value of a dollar, right, to a certain extent, right?
But we all kind of agree, like, okay, if I give you a dollar, we all kind of understand its value.
So, like, this is not that.
The value is strictly, you know, it's analogous to the stock market where it's just up and down based on how people feel, right?
which is not, it's extremely volatile.
And so when you're dealing with something like currency in an unstable market that can go up
and down and people's livelihoods are based on it, right?
If I'm, if I got to pay rent tomorrow and then all of a sudden the price dips,
I had enough yesterday, but I don't have enough today, that can create a lot more chaos
than what we currently have, which is also chaos because the value of dollars, you know,
basically contingent on what we feel anyway, but we all feel like this is worth something.
So Big T brought up a big point, like, I mean a good point where it's like even when you're trading within all these different cryptocurrencies, you're still trading with under the guise of I'm going to get the dollar back. I'm going to get money back from it.
Like you're not exchanging any goods of services with the actual cryptocurrency. So I guess the main skepticism and maybe you can help me with this is kind of understanding the future of it because I understand it's it's appeal right now. It's like, yo, we eliminate the middleman.
But when you're dealing with something like that actually has to do with people's livelihood, like eating, living, stuff like that, it's so volatile that I don't see it being sustainable.
So maybe you could shed some light in that area.
So I think there's a couple of key things to understand before I explained why I think Bitcoin is going to be the next global reserve currency.
So first is volatility on its face is not bad, right?
Volatility is only bad when it goes against you, meaning that if you're long, you're holding an asset and it goes down in price.
then that's bad, but if you're holding, let's say, a stock and it's volatile to the upside,
then you make money, right? You see that as a good thing. So you need volatility to go up or down.
The second thing is that over a long period of time, cryptocurrencies are designed in a way
where they will continue to accrue value or increase purchasing power, and the dollar
is guaranteed to lose purchasing power, right? And I think that one of the craziest stats
that people haven't yet woken up to is the cost of goods, prices,
in dollars is exploding right now right i tweeted this morning that tyson foods it's like a 30 billion
dollar food supplier they do you know chicken beef all this stuff the average increase in the cost of
their products last quarter was seven and a half percent so if you're holding dollars and you went to
the store to buy Tyson foods on average you paid seven and a half percent more in the first quarter of the
year rather than last year so the cost of the good is going to
up because the dollar is being devalued, right? Those dollars are losing value. If you instead had
tried to buy food from Tyson in December in Bitcoin and then went and tried to buy food from them
with Bitcoin today, you would need less Bitcoin to buy it today than you would have needed back in
December. So you need more dollars today than you needed in December, but you need less Bitcoin
today than you need in December. So what ends up happening is actually the fact that people are
holding dollars, they're guaranteed to lose money. If you hold dollars in saving cash,
it's the fastest way to guarantee that you will lose your wealth. And they're just devaluing it
away. 40% of all dollars in circulation were created in the last 12 months. And so what you're
seeing is across the board, all these prices are going up. And so what we get is we get this like
bifurcation in society. Right. So there's like the bottom 45% of Americans have no
investable assets. They hold no stocks, no real estate,
know anything. Those people usually live paycheck to paycheck, 100% of their wealth is in dollars.
And so when they go to, let's say, grocery shop, groceries, which are a highly inflationary
good, are a very high percentage of their monthly expenses. So they're really, really affected
by this. Super rich people, right? Groceries is a very small percentage of what they buy.
And then they have a bunch of investments. And so those investments are actually benefiting
from the inflation. The stock markets at all time highs, crypto's going up, real estate's going
up, et cetera. So over the last 12 months, the rich have gotten richer and the poor have gotten
poor, all because of the devaluation of the dollar. And so, yes, you're right that there's
like removing the middleman and doing all this other stuff. I think really what's drawn me to
this and kind of deepen my conviction so much is just that we ask people to go to their job
every day. So if you're a teacher and account in the middle level manager or whatever,
go be the best that you can at doing your job. And then go home and be a professional investor as well.
because if you just hold cash, you're going to get poor.
So this is where people start doing all kinds of crazy stuff,
because frankly, they don't understand.
They're not educated, whatever.
But with Bitcoin and cryptocurrencies,
you can simply just buy it and hold it for a long period of time,
and it's guaranteed based on the design to continue to accrue purchasing power.
So five years from now, it'll cost less Bitcoin to buy those same groceries than it does today.
But it'll cost you more dollars to do that.
And so what all this kind of boils down to,
especially Bitcoin and the dollar,
is that one is being devalued away, but people don't understand it.
And so another way to kind of look at what you're talking about is take the dollar and
price it in Bitcoin.
Everyone prices Bitcoin in dollars, right?
And they're saying, oh, that went up a lot.
But if you price dollars in Bitcoin, the dollar has crashed against Bitcoin over the last,
you know, year.
And so I think just generally it's like a worldview difference, right?
But wouldn't that be, sorry to cut you up, I just want to lose that thought.
Wouldn't that be in the atmosphere, the dollar, the dollar crashed in the atmosphere of the Bitcoin community, right?
Is that what you're saying?
No.
So if you look at $1 is priced in Bitcoin, right?
So right now for me to buy one Bitcoin, it costs, you know, $56, $57,000, whatever it's trading at today.
But if you look at $1 equals, it's like $1,400, right?
Well, $1 used to actually equal something different.
And so the dollar's value has been crashing.
And so $1 buys you less and less Bitcoin every single day.
And so that's the whole kind of point here is people don't understand how money works.
And that's intentional, right?
If everyone understood how money worked, then obviously you wouldn't have somebody who would kind of be the bottom part of society.
But what has now happened is there's a piece of tech.
that allows you to protect yourself.
Because historically, this always happened.
It's just like, what do any of us do?
We literally just hold on to dollars or we invest in, you know, real estate or whatever.
Now, though, you can hold this digital currency.
And here's the craziest stat is this year, Bitcoin is going to do over $5 trillion of what they
call on chain transaction volume.
So like not trading on exchanges, but actually using Bitcoin to send the people on the
blockchain, that's about 50% of all transaction volume of Visa.
So more people use Bitcoin to send it back and forth than they use Apple Pay,
Benmo, or PayPal.
People are using this.
Now, what are they using it for?
There's all kinds of stuff.
Everything from literally, you know, they want to send it back and forth for remittances.
They want to buy stuff with it.
Like, there's a whole bunch of use cases, but ultimately it just comes down to there's
literally 100 plus million people around.
the world using this every single debt.
So here's my question. Do you know or have you heard any stat line about how much of our
current market is accepting Bitcoin or any kind of cryptocurrency as payment for goods and
services? Yeah. So I don't know what that number is. It's not very high, right? It's not like 20%,
you know, it would be in the single digits. But I think that part of it is there's actually a good thing
at the moment, right? Most people don't want to spend their Bitcoin because they think it's going to go higher,
right pf t doesn't want to spend his doge coin because he thinks it's going high moon right
not until we're at the moon yeah he's not going to spend until we're at the moon right so i so i so i think
that there's this um there's this really interesting uh kind of debate right like from
1971 until today our entire society has been highly uh consumptive we've become a society
of consumption and so materialism all that stuff has has become prevalent because if you hold the dollars
they're worth less in the future so either you invest or you consume
soon. That's what you're financially incentivized to do. But if all of a sudden now the money is
good, right, if you think of like in India, for example, the culture is families would get gold
and they would either in jewelry or like literally bars of gold, they would pass it on from
generation to generation to generation, right? It didn't get devalued over time. And so you could
literally pass on that wealth. And kids were literally taught like, you know, if your great
grandfather, you know, Aaron gave you a bunch of gold and you were in the India's society.
and you try to sell it, you'd be like a black sheep, right?
Like, it'd be blasphemous for you to sell the family's gold.
Well, with dollars, literally, you won't even get the dollars, right?
Because your great-grandfather put away $100, by the time you get it, it basically buys you
nothing, right?
And so I think that's the big thing here is just technology is going to have to solve this
problem because right now we have humans who, you know, newsflash, they don't give a shit
about any of us on here, right?
They don't care about you, me, anybody else, right?
All they're going to do is they're going to keep printing money because they can.
And so it's going to devalue it until there's some catastrophic event.
So our last question, hold the last question.
I'm going to get off his bumper because this is fascinating shit to me.
I promise.
I'm off your bumper after this.
So basically what you're saying is, and this is every question, this is more of like, am I getting this correct?
We're basically what you're saying.
The future of it is contingent on the public education of our current financial system
and how cryptocurrency would work.
work. And if people were more educated on that, we would actually, as a society, ditch the
dollar and go towards something that is more conducive towards fairness in the market.
There's two key pieces, right? So one is, I think it's Henry Ford has this quote where he
says something like, if people understood how money worked, there would be riots in the street
before morning. I agree. It's just like education, so people just don't understand it. The second
thing is there's basically three use cases right now in the crypto industry. There's store
of value. People buy it. They hold it. They think it's going to go up in value. Two is a medium
of exchange. So I get it. I want one of those cool shirts that these guys got. So I send them
some crypto and I get the shirt in exchange. Or three is speculation. Right. And actually
speculation is what gets all the headlines because people say, you know, PFT says, hey,
Dogecoin went up, you know, 60,000 percent. I'm not telling until it hits the move.
of, well, speculation is only one of the three use cases.
And so I think you've got to, you know, really look at and say the other two things are what the long-term value is going to have.
And then the speculation is just the short-term, you know, people trying to just acquire more wealth.
All right.
So, Aaron, your office bumper, I'm going to get on your bumper.
That's such a cool phrase.
I'm going to steal that from now on.
It's just a great way to say I'm about to beat the shit out of you with facts.
My question is, there are two big.
big, uh, kind of red flags or big liabilities that I see. Number one, get off my bumper, man.
Come on. Number one. Number one, uh, what happens. I just want to get your take. Where do you
kind of see it going when Cabosu, the doge dog dies? Because the dog that's on the picture is 15 years
old, right? This is like all our eggs are in this one basket. Is it going to be like a mascot game
where when, when a college mascot dies, you bet on that team. Because,
they're going to come out and play for their mascot or their mascot spirit will help you that day
or is it going to be like oh wow this entire thing is going down to zero what's your what if you got
your finger in the wind where would you predict the market going for doge on the day that
kubosu dies i mean if you got doge with the original dog i feel like that's a historical artifact
it should just double in price on day one right like dog dies bam more valuable you got one of the
originals yeah that's true it's like it's like it's a limiting factor on the market and i got yes
Okay, I like that. That's good. So I'm not selling. I was thinking about selling, but I won't. The other thing, which is actually kind of like a real liability, I think, is what happens when there's a terrorist attack or a massive drug running operation or something along those lines? And as we're doing the research into how it was funded, all this stuff, we find out that there was a lot of Bitcoin being exchanged back and forth that funded like a loss of life event or some major event.
at what point do you think is it possible for the United States government as they're investigating
that to come in and fuck everything up because they see this as a big liability that they can't
track these transactions and there's no tool that they have to be able to prevent something like
this happening in the future with an untraceable coin if they were going to do that they sure
shut down the U.S. dollar a long time ago how was 9-11 funded how is every terrorist attack funded right
the U.S. dollar is by far the choice currency of every terrorist, money launder, drug dealer,
criminal in the world, right? And actually, if you say, hey, I'm going to use Bitcoin or I'm
going to use physical cash, it's easier to track Bitcoin because it's all the transactions are on
a public ledger. Physical cash, right, if I walk into the room, I hand to $100, they can't track them.
And so I think the big thing is governments definitely do not like this, right? Let's be clear.
there's not much they can do about it.
So I think what's more likely is not, hey, they're going to shut it down or anything
like that.
What I think they're going to do is they're just going to tax the hell out of it.
They're going to say, hey, PFT, I know you got a bunch of doge coin.
You're a doge millionaire.
When you sell it, I'm taking 50%.
Taking 60%.
You know, what stops is I'm saying?
I'm going to take 90%.
And at some point, people would just say, hey, I don't want to adopt this thing because literally
the taxes are so egregious that I'm better off, you know, just using some other asset
where I don't have to pay a bunch of taxes.
So I think that's the attack vector.
It's not them trying to shut it down from the technical standpoint or anything like that.
So the only thing I would say against that is the people who are in charge of our financial systems by and large and the people that represent us in Congress are, for lack of better term, dumbasses.
And they don't really understand any of what's going on any more than I do, really.
I like to think that I probably have actually a better understanding of cryptocurrency than the majority of people who serve in Congress right now.
And since it's something that's so spooky that they don't get, especially all the old dudes that have been there for, you know, 40 years, they see this happening and they look at cryptos as just being a liability.
And they won't have the wherewithal or the foresight to like see that this is where like worldwide financial transactions are moving towards.
And they're liable to screw everything up based out of ignorance.
And so that's where that's where my big kind of hesitation comes in is just like there's a big downside in my.
opinion. Yeah, look, I don't disagree at all that there's a lot of, you know, old people. And I say
old people literally, I think like the average age in Congress is like 60 something years old. I mean,
it's absurd. And so it's not just, they don't understand cryptocurrency. You know, some of these people,
if you look at their phones, they're literally texting in size like 72 font, right? I mean,
it's just like they just don't understand technology in general. And so it's scary that they're the
ones who are making rules that apply to these new sectors, these new technologies.
With that said, as we found, you know, there's a difference between making rules and
enforcing the rules. So I always joke that like in New York City, Jaywalking is illegal, right?
I think you can get up to like a $5,000 fine. The cops don't even worry about it because
there's just no way that they could enforce on everybody. Same thing here is they could say,
sure, we're going to ban ownership of the assets, right? It's illegal for you to own Bitcoin.
There's literally nothing they could do to shut it down.
they just can't do it and so when you get in that world i do think that like common sense prevails
just because there's enough young people who are trying to educate them who are trying to like
get in their ear get up get on their bumper if you will uh and try to uh to help them understand that
hey look don't try to you know be adversarial to it just tax it regulated do whatever you want
to do uh to make yourself feel like you're doing something but trying to shut it down is just stupid
and it's going to make you look like a fool cool cool you got anything
yeah there's a couple things like when when we hear about bitcoin and how it was invented it seems to at least be founded in something not tangible since it's through a computer but as close to tangible in a computer as there can be doge what's the difference between something like that in the stock market because for my dumbass who does not understand money they seem the exact same to me yeah well this is the thing that wall street gets real pissed off about right because i actually think you're right is that wall street and like
the professional investment community, they look at a stock and they're like, okay, I have
economic upside, like the stock can go up or down. And then I have governance rights. And if there's
a vote, I'm going to participate in a proxy vote and do all this like crazy complex stuff.
But what they end up finding out is like everyone here on this call and, you know, millions and
millions of people around the world that group on the internet, I don't give a shit about the
governance. I just want to know that the thing goes up and down a lot, should I buy it or sell it.
right and so what's the difference between doge a stock and gambling and what they don't like to hear
and and i've pissed the number of them off by just saying look the stock market's a casino right i mean
that's literally what it is it's a it's a professional casino that's legalized that people show up
and they try to kind of defend the fact that all they're doing is gambling and sure they make money
some people lose money whatever but it's all the same thing and so i think that uh
it kind of pulls the charade or like reveals the charade if all of a sudden everyone just starts
saying, hey, Doge and stocks are the exact same thing. But at the end of the day, what's the
difference? I don't see a difference. It's still a price. It goes up and down. People buy and sell
it based on if they think what's going to happen in the future. And so I think Wall Street eventually
will have to get on board or they'll just get disrupted. Can you walk us through kind of how
an invention of a coin occurs and at what point like it becomes a real thing like a legitimate
coin if I were to start up my own cryptocurrency tomorrow what would the steps that I would need
to take be you'd have to be technical which is probably the first challenge but you basically
what you do is it's software right you go and you write software it's the same thing like in
2010 if you asked me hey how do I create a mobile act you get a developer the developer
writes code they write the mobile app and they put in the app store same thing here is you basically
can go on you can write some code put into a code base and you can quote quote mint a new coin now
what ends up happening is 99% of the people who do that I actually think they have their
hearts in the right place and they want to do something uh kind of valuable they're not trying to
create a scam or do anything like that but they end up just creating bullshit right like it's just
there's no value there. And so just like in the stock market or any other type of asset,
there's very, very few things that actually are going to be sustainable. And I think that's
where people have to do their own research and kind of spend the time to do it. If you look at it as
pure gambling and entertainment, sure, knock yourself out, go, you know, buy everything under the
sun. But if you're actually looking at it from an investment standpoint, you got to treat it the same way
you would, stocks or real estate or anything else. Big T is heavily leveraged and cum rocket.
that was the i've been trying to buy it as we've been speaking yeah so at what point does it become
legitimized though i is i imagine something like coinbase which again that's one thing that i don't
really understand maybe you can help us uh understand exactly what coinbase does and how it like
puts its stamp on things but at some point there has to be somebody that like will put their
their approval on one of the new shit coins and then at that point it becomes real or it becomes
more real than it was before here's the way i kind of
look at it. So Come Rocket, for those that don't know, it was like one of the number one trending
coins recently. And so, of course, everyone ran to go, went and found that there's a bunch of
other ones that have done this. I mean, look, what does it take to build a successful startup or
a company? Got to have a good name, right? Okay. It's got a name that people remember.
Got to have a community. You got a good name. You can build a community, right? Then you get people
who are marketing it for you, right? Well, if they hold the asset and they're marketing it,
Like, there's all these elements of, you could see how something could become kind of like a mean corn, right?
So Doge is the best example of that.
Now, for every one of those that ends up becoming somewhat successful or being adopted,
again, there's a hundred of them that literally people try and they fail and they go to zero, whatever.
So for me, it's just, I just stay focused on Bitcoin for the most part.
And I just think that, like, you can play around with that stuff, but just know that,
that's like the gambling aspect of it.
And so if you,
if you were going to say,
hey,
I'm going to put $100 total in crypto,
don't go put all $100 in Come Rocket,
right?
Like maybe buy like $90 a Bitcoin and the other $10 go screw around and,
you know,
gamble.
And if it works great,
you're a genius,
but if you lose your $10,
then you know,
no problem.
But you are saying Come Rocket has a chance.
If you buy it,
then maybe it has a little bit better chance,
but I'm not going to go buy it.
The odds of Come Rocket going to the moon are actually like way higher than the
odds of a single sperm in a legitimate cum rocket finding an egg yeah that's the that is the moon
that's the the ovum i mean by come rocket yeah i mean you you you guys are uh you guys should be
uh like stock market analyst with that type of analysis so all right so what's what's the lowest
amount of money that one of these shit coins can be worth when you say go to zero because i saw
when it was like a hundredth of a tenth of a sin or something at what point is it zero because
you say zero, but I see like seven zeros and then the numbers start. So it's not worthless.
Yeah. I mean, I always joke that Bitcoin will never go to zero because I'll buy them all
up at $1 if we ever get there. Right. But at some point, they just get delisted. So usually they
won't actually go to zero. But if you get to 0.7 zeros and then a 1, the exchangeer says,
hey, look, no one's using this anymore. And they take it down. And so if you're going to kind of
one left holding the bag, then you just lose all your money because you can't actually trade
it anymore. Is there like a, is there like a crypto Wall Street? Like, where is the stock
exchange for, is it just online? Is there a website you go to it? How does that work?
It's, uh, it's on the internet. That's kind of, the beauty of it, right? Is literally,
uh, there are a hundred plus million people around the world that are all participating in this.
and they all use different infrastructure,
so different exchanges,
different wallets.
They communicate on different platforms,
you know,
Twitter, Reddit, Discord,
all kinds of different stuff.
And I think part of the beauty of this
is the old financial system
was built on where'd you go to school,
how much money do you have,
and who do you know, right?
That's basically what determined
who got to play the game and who didn't.
Now with the internet,
anyone can play.
So there's, you know,
story after story after story of people in India or Nigeria or Pakistan or, you know,
some South American country who literally with an internet connection took a couple hundred
bucks and turned it into, you know, a million, two million, three million dollars.
And I think that when you start to open up access to the system, what you find is that
there's actually a lot of smart people all over the place.
So it doesn't really matter where you went to school, how much money you have or who you know.
And so I think it's just breaking down kind of those like walled gardens.
you see this in everything, right?
I mean, Barcelona was like the quintessential example
in sports, you know, kind of media stuff, right?
Is you used to be ESPN or some big name to get a media pass.
Now all of a sudden you can literally show up and, you know,
what is it?
After LSU National Championship game, PFC, didn't you guys get the first interview?
We were still drunk from the night before and we talked to Coach O and Joe Burrow right afterwards.
I was, I don't really remember it.
So I have to watch the video periodically to,
get that memory back in my brain. But yeah, that's, we got in the side door just by, it turns out
if you just kind of become friends with people who play sports, they will talk to you.
Yeah, shocking strategy. Like literally, you should go run ESPN with that strategy. But I think
that's the same thing that's happening in finance now, right? It's just like people are realizing
that the whole charade of Wall Street and suits and all that kind of stuff is nonsense. And
so they're just doing it on the internet. And so there's no one geography that really is the winner.
In order to buy Bitcoin, I got to go to the back alley and find my drug dealer.
No, I mean, you go, look, it's the same thing as if I said to you, you got to go and buy a stock or, you know, buy an asset anyway, right?
You go to one of these platforms, you create an exchange or username and a password, and then you wire some money in, and then you can buy it.
So it's pretty simple.
It's just you got to pick which one you want to use.
What about it?
And you're of the, I'm sorry, go ahead, go ahead, go ahead, go ahead.
No, well, I was going to say, like, there is another way to acquire Bitcoin specifically, though, and that's through mining, which is my biggest hang up on this.
It's almost like, correct me if I'm wrong, but it's like Jehovah's Witnesses or I was like there's only X amount of chairs in heaven.
But with Bitcoin, there's only X amount of coin out there.
So how is it I can put money in, like if I just jam money into my computer and bought it that way?
I could also go mine it?
Like, could I technically mine it?
And the other part of this is, I don't know if this is just a scare tactic because it's hard to believe everything I read when I have zero base level understanding for any of it.
But the biggest concern I see isn't like with government regulations.
It's with like environmental activists.
Like what's the environmental footprint like all that carbon shit I see?
So like pop up every two weeks go viral trying to like tear down Bitcoin.
Yeah.
I haven't had anyone to pair Bitcoin to Jehovah's witness, but that was pretty good.
here we are yeah look the whole idea of of money or acquiring money is you have to expend resources in order to acquire right so what can you do you can take your hard earned dollars and you can go to an exchange and you're literally exchanging dollars for bitcoin so you're just buying another way to acquire is you can take your hard earned dollars you can go buy equipment and buy electricity and make bitcoin right by running certain software and doing all of that
So basically in either situation, you're exchanging your capital for Bitcoin, right?
And that's what makes it valuable, is that you had to expend something in order to get it.
And so people choose different things for different reasons.
You may want to buy it because you want it today, right?
You may want to mine it because you think you can get it cheaper than if you went on the exchange and bought it or whatever the thing.
So I think that that's kind of the way that I think about mining versus buying.
And then in terms of the environmental impact, you know, look, there's not very many environmentalists that are yelling and screaming on the internet that I find overly intellectually kind of inclined in terms of being able to do real analysis in the real world, right?
They're literally yelling and screaming about Bitcoin and they're saying Bitcoin is ruining the environment, but all stuff.
Well, if we're going to compare currencies, the U.S. dollar kills the environment way it works, right?
The electrical consumption of the U.S. dollar versus Bitcoin is like not even compares.
The second thing is 75% of all of the power that is used for Bitcoin mining is renewable power.
So actually what you find is people are running around the world trying to find this cheap power.
And some of you guys probably know Bitcoin Marty, I think, as you guys know them.
But Bitcoin Marty is involved, right?
they got this business great American mining where there's essentially capturing flare gas,
right, in like these oil fields.
And then they turn it into energy and they use it to mine Bitcoin.
And so like they're taking something that hurts the environment and actually preventing
that from hurting the environment and then mining Bitcoin.
And so I think that like you just got to remember that the academics, regardless of the industry,
are usually stupid, right?
They just sit there, they theorize, they do all this dumb stuff.
But when it comes to the actual application, the people who are bad,
building the stuff, you find that the grounds
is very, very different than the academic
understanding.
I was telling the guys about the
Mount Gocks episode from what
was it, 2014, The Magic the Gathering
online exchange. So
a bunch of Bitcoin was stolen
at that point, but there's also instances
of people either forgetting their passwords
are just like, you know, not being able
to access their wall anymore. And at that point
the Bitcoin's gone and there's no
way that you can recover that or is it possible
Like, for example, if I had, let's say I had, I don't know, $100 million in Bitcoin and I forgot my password and I couldn't get in and I had two guesses left or three guesses left, is there a company that would step in almost like an insurance company or like buying a depressed asset that would like buy that Bitcoin from me in the thought that maybe there's like a 1% chance that they can guess my password and recover that $100 million or like once you forget your password, is it?
gone forever. PFT, your passwords are probably password one, two, three. So I think we'd all
guess. Yep. That's actually literally what my password is on this computer. Yes.
No. So like, you know, back, I don't know, seven, eight years ago, it was really, really bad.
If you forgot your password, like you basically were screwed. Now there's insurance. There's all
sorts of password recovery methodology. There's even companies that you can like hire and they can come in
and try to like guess it for you and they get a piece of what they recover.
So it's much, much better.
I think the big thing, frankly, is just like you got to be smart about this.
And so if you're going to do things around self-custody, you really better make sure that you understand what you're doing.
And then if you're going to buy anything and leave it on an exchange, just make sure it's not a lot of money.
Like if you had $100 million and it was sitting on Coinbase or Gemini or Blockfly or any of these, you know, big exchanges, like you're just an idiot if it just sits there and somebody,
then comes and hacks you and steals it. Right? And so I think you just got to be careful,
but it's definitely much better now that it was, you know, during Mount Gocks or anything like
that. Gotcha. But at the end of the day, you still need to pay your wireless bill and you
need to pay like your cell phone bill. You have to, you have to have a Wi-Fi connection in order
for your Bitcoin to be worth anything, right? Yeah, I guess you have to have a Wi-Fi connection
if you want to look at how much Doge or Bitcoin you have. So like, yeah. So if it's one of those like
my kingdom for a horse thinks where if you're if you're somewhere that doesn't have electricity or doesn't
have the internet and you need to access your money it's it's virtually impossible to but again i think
that's the case with anything except for just cold hard cash which by the way can you do drugs by
rolling up a bitcoin because that's that's that's one thing i don't think you've thought about is the
utility advantage for money of the paper dollar yeah do you want to know who can i make a suggestion
that's to somebody you should bring on the podcast sure there's a guy
I think it was in the Bronx in 2017, he was arrested for selling physical Bitcoins.
He had like Chuckie cheese coins in like a baggie and he was going around and he was selling
trying to convince people to pay him like, you know, whatever, $2,000 per like Chuckie Cheese coin at the
time. And I just always think back to that guy being like, man, that guy was probably not doing
what he should have been doing, but like that was a big thinker right there. And so I'm sure
you can figure out what to do with those coins. But a regular Bitcoin, you cannot roll up and
do drugs with them. All right. I respect.
to hustle that dude though that is thinking out of the box yeah why is that illegal i was going to say
the same thing that guy won if anybody's willing to give him money for that that's yeah be illegal
i mean listen uh you got to take that up with somebody other than me uh i just think that you know
it's uh i'm surprised we haven't seen that yet if they were willing to do it at two thousand
why is no one trying to do that at you know 55 58 000 yeah uh i got one last question for
i don't know if you guys have anything else but i was just going to ask about the glowing eyes
So you update your avatar to have glowing eyes on Twitter when you're like awoken to the to the crypto movement or what is that?
Because I saw Tom Brady earlier today became a glowing eyes guy and I don't know what that means.
Yeah. Tom Brady's a goat for doing this.
Don't forget he's still 0 and 2 against Eli Manning in the Super Bowl, but that's a whole other thing.
In terms of laser eyes, it's just somebody was like, hey, I'm making my profile picture laser eyes until 100K Bitcoin price.
and the Bitcoin community is weird.
They're like, oh, what's this weird thing that we can all do
that will piss off the legacy world
and they'll all yell and scream and get mad at us?
All right, laser eyes.
Let's all do that.
Now, Tom Brady's got it.
There's mayors, there's senators.
I think there's a congressman that has it.
It's pretty crazy to see what essentially is this meme
of people being dumb on the internet and trying to get a good laugh
all of a sudden takes on a life of its own.
But you guys should all get laser eyes
and join the cult.
James got laserized two off seasons ago.
He should actually update his profile.
That would be sick.
I think I already have them,
but has nothing to do with Bitcoin.
Coley's pissed off.
That was a little blow at Tom Brady in his brain.
Yeah, I do.
It was a part of,
I came over to a music project,
and I like the Greek style
of like with no irises or anything.
And it's just so it's all plain white and it's glowing.
I didn't know people probably think,
I'm getting tweets about crypto.
I'm not even
I'm not even
I didn't know.
Well, that,
that meme started,
if I know my meme history
correctly,
is like making fun of Hoteps on Twitter.
Like,
I think that's where I,
like the becoming extremely enlightened.
That's where I first saw it
on black Twitter.
And then, like, when Tom Brady did it,
I no longer had any idea
of what it meant.
Right.
Yeah.
I didn't know what a meme historian.
That's pretty good.
I guess one last, last thing.
When people tell me
have fun being poor,
Do they actually mean that?
Are they like, do they really want me to enjoy myself?
Or is that, are they just being mean?
Listen, I've never seen anywhere in the world where Bitcoiners have these people
on the internet who are telling billionaires to have fun staying poor.
I literally saw people telling Mark Cuban have fun staying poor.
I was like, all right.
But yeah, I think they want that you do enjoy yourself.
Like whether you're rich for Dogecoin, Bitcoin, whatever, knock yourself out.
As long as you're having a good laugh, we're all going to end up in the same place in life, right?
So, you know, enjoy it.
All right, give me your top five cryptos to buy.
Bitcoin.
Oh, you just bang it for, you just bang it for the big dogs, huh?
Okay.
Hang on.
Hang on.
What if I told you this?
What if I told you that if you invested $6,000 in Amazon in 2001,
it would be worth a quarter of a million dollars 20 years later?
If you invested $6,000 in Come Rocket,
in April of this year,
it would be worth $250,000 right now.
Wow.
Did you do it?
No, I wish I had.
I didn't know about Come Rockin until 45 minutes.
I didn't know.
I got in on Come Rocket too late.
But the people who got in three weeks ago
are this might make it skyrocket.
I was going to say,
insider trading if we now before this episode airs.
That's actually a great question.
Am I legally allowed to buy it before this airs?
I have no.
I'm going to call some people.
Yeah, we're early investors.
We're pre-com.
Big T is perpetually worried about going to jail for anything.
I can't.
It's a fear of mine.
It actually comes up.
Very ironic if the SEC put Big T and.
That would be incredible.
If I read a headline that says Big T goes to jail for insider trading of Cum Rocket will be an all.
Well, you, well, you do, y'all got a, I mean, obviously I would hope that my, my partner's on this show would blow it up for me.
But, yeah, I will personally bail you out, my G.
I appreciate that.
Does the New York Department of Corrections accept cum rocket for bail?
They should.
And they'd be a great investment on their part.
Yeah.
They would be making money on bail, like more than that.
Yeah.
Yeah.
I mean, Big T, you know what you should do is you should start tweeting at Elon Musk that rather than accept Doge, you could accept Hum Rocket for the next rocket.
Okay.
I'm going to get in on that.
He would potentially be open to that.
Yep.
Okay.
That's going to be the promo for this show is me tweeting Elon Musk to get in on Come Rocket.
All right, man.
Thank you for joining us.
This was an enlightening conversation.
My eyes are actually glowing.
You can't see them behind the glasses, but they're definitely glowing right now.
So thank you for joining us.
And sign up for his newsletter.
It's pompletter.com.
Yeah.
I appreciate it.
Thank you, guys.
Thanks, man.
Take care.
Take care.
Have fun staying rich.
There we go.
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lot about you guys for sure still skeptical yeah i still can't it still just seems like stocks to me
i don't see exactly what it is the one thing that did come to my mind that i i didn't get a chance
to ask because it came no pun intended brother the whole come rocket conversation was what is
preventing the banks from just buying all the bitcoin like what
What if we look up in 10 years and Bitcoin has just been all bought up by JP Morgan?
They wouldn't do that.
That's other people's money.
They can't do that.
That's illegal.
I mean, they invest in other things, though.
I think what you're asking is like what's preventing somebody that has a lot of money,
like the richest person in the world?
Okay, sure, but that wouldn't be like I'm talking about if the whole thing is that it's...
A bank can't take the money that you've invested and use it to buy something like Bitcoin without them telling like,
hey, this is the type of investment that is going to go into your portfolio.
I'm pretty sure that there are laws.
They can't just go out on the street with a hunch and be like, I think, I forgot to
fucking ask him this.
Why?
Or maybe he did answer this.
I wasn't paying attention.
Why is there finite amount of something that is literally made up?
I tried to ask that.
He didn't.
He kind of spoke around it.
Fuck.
So I don't know this.
I shouldn't even try to say.
But my understanding is that that's what's supposed to make it more valuable.
because Doge, I understand, is unlimited, right?
Like, there's just an infinite amount of Doge.
But Bitcoin, because it's finite, I guess, in whatever capacity it is, it makes it more inherently valuable.
That's why I was talking about, like, Jehovah's Witnesses with the chairs in heaven.
Like, if there's only so much about it, shouldn't these people not be shouting it from the rooftops?
Right.
Yeah, but the counterpoint to that is, yeah, eventually it'll run out.
You'll run out of seats next to Jesus.
but in this instance
the more other people believe in it
it's worth what you already have is worth
so much more.
But see this is why I feel like
this shit is like low key a fucking scam
bro because especially if there's a finite
amount what you're basically saying is like
we want you
to add the value
of it because of the allure and then I can
get out
because there's no more left.
That doesn't make any fucking sense.
And then there are going to be other coins
that come up, though, which I think
they'll just move on to the next one.
But again, there's no pragmatic uses
of it other than, it's just like this, it's
he, Carly, you hit the nail
on the head, it's a fucking stock. It's, it's, it
is a casino. So you go there and then
it's basically a club casino, where
you just go there and everybody in there exchanges
that little currency, it's
clubhouse currency. Yeah. And then, but when you
lead to the real world, there's no real application,
but there's people selling you that
I bet one day it will be. And
that's the appeal and that's the allure. People are making
real world dollars in this little club but as soon as you leave the club i don't know man i'm still
well the crazy thing is is they're saying that a lot of these countries now are going to start
using it as their main source of currency if you look at uh they did something last year to see how
common cryptocurrency is in Nigeria 32 percent of people said they have used cryptocurrency or
own it uh in a transaction so it it's definitely growing vietnam 21 percent philippines 20
I'm sorry, go, but I'm sorry, no, no, you're good, you're good.
I was going to say, then the fucked up part, well, not even fucked up part.
It's just, if there's a finite amount, and this is just my basic understanding of economics,
you're going to have to lower prices of everything.
If we all accept cryptocurrency, like say Bitcoin is the new dollar, right?
Dollar, though, is it no value?
Like, you've got to lower prices of everything, because there's only so much to pass around,
which I'm not 100% against because I'm not for hoarding wealth.
But it's just going to upheave our entire financial system, which I'm a fan of.
But there has to be some kind of, like, grounding in it.
There has to be some foundation that everybody agrees upon.
And right now I don't see it.
It's just very confusing to me.
What about the old, we were taught in school, so I don't know exactly how accurate it is,
but Native Americans, or at least some Native American tribes, use Wampum.
You guys remember Wampum?
I remember the name.
I think it's like a seashell of some sort.
I want to say like a purplish seashell.
And that was, they just all agreed that that was worth money.
And understand that there's probably a finite amount of them out there.
But the people that were best at collecting them were going to be the people that had the most.
But they didn't really, they didn't really use money the way that we think of money where, like, ran their world.
That's like something new.
But I think it's like a similar concept where it's like, yeah, there's a finite amount of it.
but I still think that the amount of Bitcoin that exists is it's like a future us problem.
You know, it's going to take years and years before we ever run into that issue.
And then at some point, well, the other side of this coin is like people are trying to figure out a way to hack into Bitcoin all the time.
And quantum computing would really fuck things up when it came to Bitcoin, which is just like quantum computing can solve any encryption ever once it becomes advanced enough.
But the thing is, like, once that gets advanced enough to hack into all the Bitcoin, at that point, Bitcoin is worthless because it's not secure whatsoever.
So I probably should ask him about that, although I probably would have sounded a lot dumber asking it to him because he'd tell me why I was wrong within a second.
But, yeah, it's one of these things where it's like, I think there's definitely elements of a scam.
But in reality, I think most of what we do every day where somebody's getting scam.
scammed all the time 100% 100% I'm all in on cum rocket I think the whole podcast has to invest
in cum rocket I'm down how do I buy cum rocket so I'm on I've been trying I'm on something called
I looked on coin base which is what I've heard is the thing to buy it wasn't on there I don't
come rock it's listed on coin it's not not but it's on something called coin market cap so I think
that's in like that's cap yeah yeah yeah but it's not cap that you should buy cum
Rocket because we're all going to buy it and we're going to take it to the moon.
It's down 15% today.
That's what I asked, though, right?
We're going to make that shit go up.
That's why I asked those, like, where do you go?
Like, this is like, you know, when you go to a new city and you let it, like, you
kind of fill around like, I'm going to get my weed.
I'm going to ask you, my guy.
You look like you sell weed, right?
Where do you go to buy Come Rocket?
Like, is there an app?
Is there, like, would you just coin market cap.com?
And see, how, how legitimate is that?
I don't know. We're going to find out. It just went down another 2%. We got to buy right now.
We got to put this episode out. You have to have a wallet, right? You have to have like some place to store it. But then once it is, it is the Wild West. It really is. You're essentially just trusting that this could just be a big scam or a big prank where it's like come. If you send us XM. There's just like a video that's running on this website that's telling you how much Come Rock it's worth at any point that they've already programmed like earlier in the day.
And they're just trying to get you to send them money.
So apparently it started as supposed to be like a way to send adult performers tips.
But then people just started buying it up.
And now it's we're taking it to the moon.
Okay.
To the moon.
I'm, I'm if I thought, go ahead.
Well, no, I was just going to say like my basic understanding of like Bitcoin even was like it got big because of Silk Road.
Is that just incorrect?
No, that's, that's true.
We didn't bring that up earlier, but Silk Road was the online.
drug market or like i guess you could buy hitman on there you could yeah everything like literally
everything so it's like and part of it was because like the untraceability but then they come back and say
like no it's the most traceable and like that's where i get very confused with all this i think it's very
i think that bitcoin has kind of opened themselves up to being traceable to a certain extent recently
so i saw that they let the secret service if the secret service really wants to investigate money laundering
they'll open up their books to a certain level
and allow them to come and look at it
but I think they sold out they sold out they did so now I mean
then the next thing is going to be the next crypto that comes up
will be like hey we're the we're the punk version of the bad boys
the bad boys and then once they get big enough
then they'll be like okay we have to let the secret service in
and then it's just like a never ending cycle of picking up
what the next untraceable coin is but yeah combined with like tour
that's the deep web shit
what was going on in Silk Road
was allegedly untraceable
when it first happened but then the guy
that started Silk Road tried to use Silk Road
to hire a hitman to kill
his business partner and now he's in jail
I think for forever
Is that how he got caught up?
Yeah, I mean it should be a movie
That's what I've been waiting for because
there's nowhere good to like
other than like Wikipedia there's nowhere to get
like the full still like old
Vice would have crushed, like a decade ago, Vice would have crushed this story.
I don't, and they just did a movie on it, but the fucking LCB said it was trash.
And they just, like, made a joke out of it.
Like, I need to know the Silk Road like Michael Jordan document.
Like, I need the 10-part Silk Road series.
Yeah.
I mean, he's in prison right now.
You could probably interview him.
We should try to reach out to him and see if we can get an interview.
Like Mind Hunter, except for the Silk Road.
Yeah.
This show, I don't know if COVID, if they're still letting us do this.
but the four of us showing up to a prison would be awesome.
Yeah.
I've always wanted.
You'd hate that.
I've always want.
What if they accidentally locked the door behind you?
Listen to this.
This is crazy.
This is.
So as scared as I am of going to jail, I've always wanted to visit one.
I've always wanted to visit when it's feel like, don't leave me, but I want, I want to go.
Like, I want to leave at the end.
Like, I want to be there for two hours, but I do want to go check one out.
you see you a booming currency in person
I'm going to go tell everybody about cum rocket
I don't know if they're allowed to buy crypto in there
but they if I'm telling
don't let anybody hey man hold on man just on some man
don't let me tell you that dog listen I don't
what do you want me to do Aaron what do you want me to do just try
you say I am not I mean listen
that's if
Come Rocket, guys,
Cum Rocket just went down another 1%.
That's where our focus should be right now.
We need to be buying this dip.
I'm down,
I will buy $500 a Cum Rocket right now.
Let's go.
I don't know how, though, my nigga.
Coin market.
When our coworkers were hyping hodge and they were like,
here are these super complicated seven steps you have to take.
That's when I'm out.
Yeah, yeah.
Let me pay through like PayPal or some shit,
and then I'll get you.
It's easy.
I just did it in two minutes.
Oh, hell yeah.
Yep.
You're an owner?
I'm an owner.
Let's go.
Let's go.
Check on the moon.
I'm on it.
PayPal was initially started to be a cryptocurrency.
That's what they were trying to do.
They were trying to make online cash.
And I think it was like early 2000s.
What was it called?
I wrote this down.
They tried to make e-cash for Palm Pilots.
That was like their mission statement.
Hits their wagon to some real successful technologies.
But I guess PayPal is still around, obviously.
You can use it to buy pretty.
much everything, but it's still based on whatever your local currency is. It's not e-cash,
but they, they screwed that up and then somebody came along and did PayPal way better than
them. But PayPal is that, that's the story behind that company is probably worth its own
episode based on who they had working there and how rich they all got. It was, um, it's a crazy,
crazy story with Peter Thiel, Elon Musk, like all these like big names now were part, they called
them like the PayPal Mafia back in the day.
Um, aside from that bad news, don't use coin market cap.com because my IP address indicates that I'm attempting to access their services from the United States.
They're unable to provide services to users from that region.
Avery, what website did you use to buy Come Rocket?
Is it Come Rocket Crypto.com?
Would you use, Avery?
A coin market cap.
It let me do it.
It did not let me do it.
I think you need the app.
We're going to get this.
We're going to get this right.
By the time this show comes out, I will own Come Rocket.
A thousand percent.
Aver, you got to send the link and the how-to and the steps.
I'm getting $500 to come rock it up.
Yep.
Let's go.
All right.
I think this has been a good episode.
It's been fascinating.
You guys agree?
Absolutely.
Should we not release it?
Why would we not release it?
I'd just like to hear some more enthusiasm from you guys when I say it was a good episode.
I love this episode.
I was trying to buy Come Rockett.
Okay.
Understandable.
We're trying to get rich.
I got a riddle here from Billy.
Billy's riddle of the week.
Do we send out the merch last week, Avery?
Yes.
Okay, so first person to reply correctly to Billy's Riddle of the week gets, what are we doing,
a t-shirt, sweatshirt?
Yeah, we're going to send out some stuff to the person who won, his name was Grit Knox.
So we're taking care of him.
He's a Tennessee fan.
He is.
Shout out Grit Knox.
He said, Dictionary, God damn it, Billy.
It was a pretty easy one.
All right, so here's this week's Billy Football Riddle.
One night, a goldsmith, a wizard, and a philosopher entered a castle alone in order to figure out how
make a currency that could not have the physical limitations of gold or silver, but still
hold value and not be destroyed after being minted. After a long night of debate and discussion,
an assassin snuck into the room and killed three of them, but was apprehended by the fourth,
who survived. So that's Billy Football's riddle of the week. Reply to the tweet,
when the podcast drops, Avery's going to tweet out a link to it. The first person that replies
correctly with the answer to that riddle will be handsomely rewarded with a care
package but grit Knox is ineligible previous winners cannot win a second time but shout out
grit Knox what about this week's riddle winner get we buy them one come rocket i that involves
like transferring come rocket and honestly by the time this show is out tomorrow come rocket's
probably going to be worth we're probably all going to be millionaires so one come rocket would
be worth, I don't know, like, $500,000.
I don't want to, like, I'm greedy.
I'm going to have fun staying poor to everybody that isn't investing in a market.
A tenth of a coming.
10th of a coming.
No, we'll send you the care package.
We'll take care of that.
But, and then the one last thing we got to take care of is what color underwear of Big T's
wearing.
Yeah.
Green.
That's the, the orange ones.
We'll show.
You always say what it is.
We always have to show.
We trust, but verify the orange ones.
He's wearing, yeah, he's wearing the orange ones right now.
Okay.
That'd be funny.
One day, you should just show up not wearing underwear.
That would be the best ones.
Would pull one over quick on them.
Yeah.
All right.
Well, thank you guys.
But if I guess white, that would be correct.
Yep, it would.
Thank you guys for listening.
We love you guys.