PBD Podcast - Bitcoin Historian Kurt Wuckert Jr. | PBD Podcast | EP 105

Episode Date: December 1, 2021

During episode 105 of the PBD Podcast, Patrick Bet-David sits with Adam Sosnick, Gerard Michaels, and Kurt Wuckert Jr. to talk about topics such as Kurt's backstory, how much energy is needed to mine Bitcoin, Crypto For The Average Person, and much more! Subscribe to the PBD Podcast YouTube channel: https://www.youtube.com/channel/UCGX7nGXpz-CmO_Arg-cgJ7A --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

You Would you see that picture? Gentlemen, we're live okay. We are live. Thank you David for letting us to we're live. We love our David here If you can find the element we got a special guest here today chief Bitcoin Historian with coin gig that's actually your title. Yes. And your entire M.O. is Bitcoin crypto. You work as a fundamental analyst, hedge fund, private and foreign.

So we got a lot of stuff to talk about. You got strong opinions. You got some stuff to say about Dor C.S. today with Twitter. Even said you got to get on Twitch, which is maybe we can talk about that. We got a lot to talk about. We got a speed run. I'll give you names of people in your world. I'm curious to know what your opinion is got to get on Twitch, which is maybe we can talk about that. We got a lot to talk about. We got a speed run. I'll give you names of people in your world.

I'm curious to know what your opinion is going to be on them. Some tells me you're not the kind of person that's going to be safe. We have a friend back there, a Mexican, Adam Sausnik, Manny Soto is in the house. We have a wager to see who's got better game. One of these is when you guys go out, I got to get the report on what happens.

Our analyst, Gerard, will go with you. And he he made just school both of you by the time it's over. And then we have also my brother in law, I subit Imani, Ciamac, subit Imani in the house. If you're in a Persian community, you know that last name that is a legend, very last name, Ciamac, subit Imani. I did see some videos. So you know, brother, by the way, his dad's a legend. So today for our viewers, if you're interested in crypto, listen up, today's the day, right? This is where we're gonna go. Deep on crypto. Oh, I guess I'm crypto in your life.

Yeah, so we got a lot of stuff to get into. So before we get into it, before we get into it, Kurt, why don't you tell everybody your background so people know, maybe skip the part about you and your wife, MMA, UFC, all that stuff, but specific to crypto. So 2012, I was a business owner. I owned a printing company.

I was also big into the sound money and the Fed community and all of that in Chicago. I had a guy come to me and say, hey, man, I need some posters printed. Can I pay you in Bitcoin? I said, I don't know what the hell Bitcoin is. He tells me, well, it's kind of like video game money. I said, okay, well, that's whatever.

It was like a $50 job, so it was like this fine. It doesn't matter, pay me in Bitcoin. Well, that brought me the first step down the rabbit hole and by the end of the next year, I was running a small mining operation and doing all kinds of things. So 2013 to 2015, I was beginning the infrastructure space, I wanted to figure out like, how does Bitcoin work?

But by the way, when he gave you that $50 Bitcoin, what was Bitcoin in 2012? Got a hundred bucks? Yeah, not even, I think it was a little less. So almost like a full Bitcoin at $50, $75. If I recall, I got a little more than one Bitcoin. If I recall, okay, cool. For a little stack opposed.

Today's what, 55K? Well, yeah, the only reason I know what price it was is because I bought Bitcoin in 2012 I told this story before at a libertarian convention a guy talked about I was like yeah, I love this and the fed screw Fiat currency I bought a hundred Bitcoin for a thousand bucks and went down to 900 bucks next week I was like, oh, this is a scam and I pulled it all out. I lost a hundred bucks. I owned 10 big I owned 10 Bitcoin and a hundred bucks each Yeah, that's my Bitcoin story. Anyway. Yeah, I mean, a long story short got involved in infrastructure.

I wanted to, I was a big fan of using Bitcoin as cash, using it in the economy. I believed fully in disrupting business use cases. So everybody wants to talk about the finance aspect. Hold, get rich, all of that. For me, it was like, okay, well, what inefficient data silos and all this different stuff is out there that we can disrupt. So for me, I was getting into development, like, wallet development, and all these different things. I wanted to go that direction. And then what I like to call the Bitcoin Civil War started around 2015, let's talk about

Whether or not Bitcoin should be used as a business tool or whether it is just simply a savings or an investment technology. Bitcoin Civil War. Absolutely. Okay, so who is going against who? So if it's North and South, who's the enemy here? That's going against it. The most basic way to put it is small blockers versus big blockers. On the small blocker side you have block stream lightning labs. They're primarily funded by a group called Digital Currency Group, which is a incubator owned by MasterCard Ventures, and they believe that Bitcoin is an investment tool only. Buy it, hold it, that's it. If you want to use it, maybe use Lightning Network, whether or not it works is irrelevant, because it's primarily an investment technology.

On the big blocker side, there's actually a couple of factions, the big blockers that all kind of hate each other too, but there's the Bitcoin Cash community and Bitcoin SV community. I'm a Bitcoin SV guy. That at the time was Roger Verre, guys like Craig Wright, Bitcoin Unlimited.

In 2015, the big group was Bitcoin XT. So a lot of these people are like, hey, we'll just create a Bitcoin implementation that allows miners to make a change whenever they feel like it. If there's more traffic, they can raise the block size and just go that direction. Let's keep fees predictable. Let's use Bitcoin as cash.

And that became an increasingly unpopular opinion. And the reason is because people just kept getting richer by doing nothing. And if you're getting rich doing nothing, what's your incentive to maybe rock the boat, to maybe pursue some other avenue. And I get that, but the problem is, is all the disruptive stuff happens

when people actually disrupt business. And that's really what I wanna see Bitcoin do. And it really hasn't done that yet. Even all the other blockchains that exist today. It's because the theory of the one that's going to do it. No, absolutely. It's not. If there is no doubt. 100% not. Civil war on people. Yeah. So, so white to me, here's my question. Maybe help us understand the following.

For some folks that don't follow it. So, you know, in religion, you'll have Jews will say Christianity, you know, they're really Jews. Jesus was a Jew, so you guys kind of took it and came out with us, and I.V. And then changed the whole thing. Judaism to point out. You know, it's really Judaism to point out. Sure.

And then Christians will say, well, LDS, you know, you took a Joseph Smith from Vermont, and you took this, and you created LDS, and you guys went and out of Chicago Eventually ended them in Utah bring him young, etc. etc. No, it's the seven day all this stuff that you hear about right? Yeah, Muslim, Baha'i. So what it almost sounds like in the crypto community, there is religions, right? You got folks like Pomp who will swear by Bitcoin and nothing else, like literally nothing else.

The other day I was on, is at Natalie Bernel who was a very eloquent, I was on her podcast, and we were speaking, she is strictly Bitcoin, not Ethereum, not nothing else. And then there's guys that dabble on everything and diversify and there's guys that just can't stand Bitcoin.

Why don't you explain to us what these different religions within crypto are? Sure, the second. First of all, I love the religious analogy, it's one that I use all the time. So it's often, you know, trying to figure out the Israel-Palestine issue, right? Like we'll never see those two groups

likely come doing agreement on, oh, okay, we all agree, this is all gonna work. Not gonna happen. But the thing with Bitcoin that people don't understand is that Bitcoin is capable of being everything to everyone. And that's really how it was designed. It was designed fundamentally to replace the internet.

We don't have 10,000 internet, we have one internet. It is a fixed protocol that people can build on and above, around, but you know the internet's gonna be there. So you can build your business based on knowing that the internet is going to be the same in five years and 10 years, whatever. These are at least the assumptions that we make. The problem with all these different protocols,

with Ethereum is a great example. Ethereum hard forks basically once every year, has a very deep and fundamental protocol change, which means everybody needs to retool everything, everybody needs to reissue tokens, they need to reissue the apps that they make, they need to reissue the smart contracts, basically breaks everything. And then at the end of the day, Ethereum is only really capable of about 15 transactions per second globally, which is nothing. This is essentially zero

through. 15 transactions per second globally. Correct. Okay, got it. Visa, for example, is good for about 50,000 per second. Per second. So let me ask you this, does Ethereum have the ability to improve that? Or that's the limit? They claim to, and there are about two and a half years behind on their roadmap saying that they absolutely will, but I think it's a big meme. I think they want to continue to pump valuations.

It's like Tesla. It's like, hey, man, these trucks are coming out in 2019. No, they're coming in 2020. Oh, okay, it's 2020. We'll probably get them by 2023. But you look at Tesla's now trillion dollar valuation. So, by the way, you have to know this. So from my end, one thing you need to know about this group,

I don't know about him, but I'm not tied to a group. I'm just simply asking a question to get smarter. So to me, when you talk to the metaverse community or the NFT community, they'll say, I don't know, Ethereum's got 10 million coins. I don't know the exact number what it is, but give or take is what I hear. It's actually endless.

Ethereum is emitted constantly forever. So there is no supply cap on Ethereum. It exists specifically to launch smart contracts that are... That's the key, right? So the smart contract is what I love about Ethereum personally. Like so much of this is currency

and we get into like the speculative investment because so much money is being made and lost. But you said it before, it's really technology that people don't understand. The blockchain specifically is the future of all commerce. So... But what people don't understand. The blockchain specifically is the future of all commerce. But what people don't understand is that Bitcoin was always capable of a smart contract and smart contracts that are more powerful

than Ethereum's smart contracts. Ethereum is limited by, it's a very fundamentally different design. They use a gas model and this is why the fees are astronomical. So you have to use traffic and all this stuff. So in why the fees are astronomical. And all this stuff. So in Bitcoin, nodes are competitive. So every node in Ethereum needs to cross every threshold together.

So the network is only as fast as the weakest node in the network, which in my opinion, it's an altruistic system, which in my opinion is garbage. You should never build a network that is based on altruism. So everybody's trying to play cat everyone, have it so that everyone can run nodes. This is why they want to switch to proof of stake. Like, well, we'll get more people to run more nodes that'll be good.

And I think the exact opposite. I would rather have 10 people who are ruthless and really, really want to scale, really want to disrupt everything and are willing to do anything to make that possible. And that's how Bitcoin is designed. Bitcoin uses what's called the UTXO model, which allows them to parallelize and compete. So rather than having one chain that is jumping to each block, you have maybe hundreds, maybe

thousands of nodes that are competing to build the best block. And they want to orphan everybody else. They want to force everybody to go their direction because they're the best. Who's this? This is any one of them. This is the way the Bitcoin protocol is designed. So right now it could be anybody. And it could change on a dime. In fact, this is why we've seen, you know,

these fiefdoms grow up in Bitcoin and then crash down. And it's because it's like, look man, I'm just better than you. And if you can't keep up, if you cannot be better than me, you lose. And you should lose. And that's what makes Bitcoin great. Go back to Ethereum.

When you talk about the I brought up the NFTs, half the NFTs that are being bought, they're being bought through Ethereum. That's what I keep hearing about. The fact that people are buying NFTs through Ethereum. Correct. But Salano, all these other guys are coming day came by NFTs through, right? Is that something? We're if we know NFTs are not going away.

We know there's going to be a fall, the rise in the fall, just similar to the stock market, people are getting prepared for it. But if we know NFTs are gonna be around, we know Meta's not going away, it's here, right? That's not like a, maybe we're gonna do it. The moment Zuck said that everybody started Google and meta checking what that is all about, right?

So isn't that a solid argument for the Ethereum community to say, look, we understand it's you said what 50 per second or 15 15 per second Eventually, we're going to figure this out just like Tesla eventually figured it out. We're going to figure it out So my follow up to that would be two questions for you to answer is if Ethereum does figure it out Okay, I don't know what the numbers whether they get to 5,000 10,000 or 50,000 at Visa's level I don't know what the numbers with the they get to 5,000 10,000 or 50,000 at Visa's level I don't know but if they do would they be the cream of the crop coin out there if they do figure it out I mean that I think that if is impossible I would I would put the if and Nearing 0% chance. They do if they did

Well sure, I mean whoever whoever can be the most disruptive and bring on the most people to do the most business with the least amount of friction should absolutely win. But I don't think Ethereum has any of those things. What about a Solana? You hear that sort of replacing the Ethereum? I really don't like Solana either. I think Solana is a really, really great implementation of a really bad protocol. It's essentially just a bunch of good stuff about Ethereum and some good stuff about Bitcoin, but they've missed the boat on a lot bad protocol. It's essentially just a bunch of good stuff about Ethereum

and some good stuff about Bitcoin, but they've missed the boat on a lot of things. What they do have is really great software developers. So the UX and all of this stuff is excellent, but at a protocol level, it can't scale either. It hits a scale ceiling. That means it needs to be fundamentally re-engineered from the ground up.

And that's not something, for example, that we can do with the internet. We can't just be like, all right guys, so I know we went down this path, and we're hitting a wall here. We need to shut the internet off for 90 days. Well, we relaunch and retool, right? That's not gonna work for the world.

And it's the exact same thing. So I believe it was shut the internet down for 15 days to slow the spread. I believe it was. Yeah, that worked really well, too. So then this leads me to a question for you. Are you going to a place where you're saying these are the two, three, four, five coins that could potentially dot dot dot are there those coins

out there? In my opinion, so if you look at Bitcoin SV, Bitcoin SV is the only blockchain right now that has all parameters are open and they are they are minor settings. So each node can compete right now. There is no protocol. So a node is a node, I'm sorry. So a node is a computer that validates transactions and writes transactions to the blockchain. So if you have a soft wallet on your phone and you let's say you're using Exodus

and you send a Bitcoin transaction, that is being broadcast to nodes. Mining computers that will write your transaction to the ledger so those are the nodes right now in in btc bit coin they are not allowed to attempt to build a block bigger than one megabyte that's it that's that's the swim lanes that have been decided by software developers whose names you don't know and who you do not know how to position that's what bothers me a little bit about bitcoin. The anonymity, look, I understand why people who made billions of billions of dollars

would not want anybody to know that they had billions of billions of dollars, sure. But you find out, there's not, you know, like finding out people like Calvin Air and you know, some people that are really, really, let me just get right to it. I mean, like Satoshi, does he exist? Does he not exist?

Does, is it a real person? Is it a malgamation? And if you can't know who's controlling this, why should you invest anything in it? Well, and that's the thing. I mean, it's a zeitgeist, right? It's the exact same thing with, this is the word of the day.

That's the word of his life. My man, pots and pans. So, you can tell Gerard prepared that question for the daytime. All the time. I mean, let's go back to the religious analogy. Like, you never met Jesus. Why go to church on Sunday?

You know, there's an aspect of faith, all of these things, including money in general. Are you comparing Satoshi Nakamoto to Jesus? I think there's a lot of really applicable analogies there. Really? Absolutely, 100%. Whoa. Well, I mean, it's somebody, people disagree,

whether or not, like who he is, whether it's one person or many, you know, was he, in fact, there's all kinds of people on the internet. What was it in AI from the future? Has he come back, you know, like, he was Jewish, though, for sure. What was so- So, Toshis or Jesus?

Both of them. So, Jesus is from the tribe of Judah. And yes, it's very much a- To help Adam understand better, you could say Satoshi is more like Biden. You'd never know where he's like you. You could say, right. You could help you, you know, right.

It was making peace in real world. So go ahead. And in my opinion, Satoshi Nakamoto is an Australian man. I'm a firm believer that Craig Wright is the primary architect of Bitcoin. i believe he wrote the white paper and you just pissed a lot of people i know it this is the single most this is the most unpopular thing in fact i guarantee you're lighting up right now without this guy's a scammer kick him

out your your reputation's done crag right uh... so crag right is right now in in my amy there's a lawsuit going on right now. The largest private lawsuit of all time. There's about $160 billion being asked for by the plaintiff. They're saying that it's the trial of the century. It was OJ. Now it's a Toshit. Do you know who started calling it the trial of the century?

Just Lane Maxwell's lawyers. That's right. That's your own claim. So Lane Maxwell's lawyer. Yes, yes. Okay, very hard on that. Do not look here. Look over there, please.

And when you say Miami, there's our Basel going on this week. It not look over there. Look over there, please. And when you say Miami, there's our Basel going on this week. It's a big deal. There's a lot of NFT crypto stuff going on at the our Basel art. Obviously, then there's the DeFi conference going on near the airport. Is that why Craig writes it down? Is that why you weren't talking about it? No, Craig Wright isn't down at federal court.

He is likely at the Wilkie D. Ferguson federal court building right now. The jury is actually deliberating. The case is over and the jury is currently deliberating. We're actually expecting a verdict today. But it's a civil suit. It's a civil suit. Not a criminal suit. It is a civil suit between the estate of Dave Climon,

which says that Dave was 50% of the Satoshi Nakamoto team. And then Craig Wright says absolutely he was not a business partner in any regard. He was my dear friend. He did help me edit the white paper, but he always helped me edit white papers. He was essentially a contractor who was also a friend, but Bitcoin was my idea, I'm the architect of it. He helped me with some of the trimmings and I'm happy to deal with that, but he does not get 50% of my invention. You interviewed Craig right? I did, and by the way, we had a great time together.

Tell us about that. But now I'm a conversation to you. I just, I enjoy talking to him, but I got to tell you afterwards, after interviewing Craig Wright, there's only been about, well, I can't say that, he's probably in the top 10 interviews that I got the most DMs, emails, tweets, people pissed off about having Craig Wright on. So go back into why you think it is Craig Wright, because there's a lot of different names I hear about. Why him?

Sure. So this really should be prefaced with the Bitcoin Civil War. This is why. This is not just a cultural disagreement thing. This is Israel versus Palestine kind of stuff. So Nishia, I mean, this is exactly this. It's never gonna agree on anything.

Exactly. So the reason that I think it's Craig Wright, first of all, is that every other potential candidate makes absolutely zero sense. So people bring up like Nick Zabo, or they bring up even Hal Finney. Hal Finney, what's up with that? Hal Finney's a very cool guy.

He's a very talented software engineer. He fundamentally disagreed with Satoshi in public. I mean, you can read their conversations. Hal Finney didn't understand Bitcoin. He was a software engineer and very talented. And Satoshi gave him software work to do. None of this is contentious, but how never understood Bitcoin. He argued with Satoshi about how it should be engineered.

Wait, so Satoshi does exist. Satoshi absolutely exists. He exists. Yes. Oh, so Dan Paine is full of shit. First time ever. First time ever. He does.

Dan Paine. Dan Paine. I was the first time. I was the first time. He's and pania the and paid yet i will have a i will first time he's been right about literally everything i'd like to and pania but but i think he's about here zero it so so the other guys like they look at bitcoin and they say it's got security

problems he everybody would need to run a note it can't scale and so she always argued with these guys no no no no no it. No, you do not need to run a node. Only people that are trying to mine coins need to run a node. So there's this big disagreement on all these definitions in Bitcoin. So we can't even get past the basic presuppositions of what is Bitcoin, how is Bitcoin, all of that.

This sounds like an iron circle, but this is the social network. Day one, so the very first response, when Satoshi put the white paper out and said, hi, I'm Satoshi, I've solved the double spend problem. Here's the from day one. So the very first response, when Satoshi put the white paper out and said, hi, I'm Satoshi, I've solved the double spend problem. Here's the Bitcoin white paper. The first guy came out to say, well, here's why it doesn't work. And they have this rant that is very typical, even in social media today.

Well, it can't scale because everyone would need to run a node and then it would have this problem. And then you can't propagate blocks and blah, blah, blah. And Satoshi basically gave the big blocker version. This is the side of Bitcoin that I fall on. I'm saying, no, absolutely not. Bitcoin could do visa-level transactions today with existing hardware.

And he explained the basics on how, but he didn't go really deeply into it. And he said, but nonetheless, the network hasn't even launched yet, but don't worry. Nodes can consolidate into commercial operations, where everyone connects into what is essentially what we know today as a mining pool and describes out all the ways that it can scale and how it should work and people started to fight immediately. So the very first conversation was actually the opening shots of the Bitcoin civil war and we haven't gotten past it.

And then Satoshi very suddenly disappeared in late 2010. So the white paper came out in 2008, late 2008, and then he was gone by 2010, largely forced out, basically sick of bickering is the way that I see it, because it was everybody saying, oh, Satoche, you don't get it. And he's just saying, like, don't tell me what I don't get about the thing that I architected. And then at some point, he just said,

you know what, I have so many other things to do. I'm gonna pass the keys to Gavin and Dreson. He's the new lead developer, you guys are okay. And then he specifically said, stop referring to me as a shadowy figure and stop treating Bitcoin like crime money, that kind of thing, like that's not what he was interested in. And so then Satoshi was gone.

And then immediately his repo was moved from source forage and put on to GitHub and a bunch of new people were put in charge. And then all his stuff was burned down. The history of Satoshi was whitewash and then it turned into, hey, here's this big investment opportunity. And by the way, we're creating this new voting process with soft forks and Bitcoin improvement proposal systems.

And we're going to have this group of maintainers. And so it turned from governance by proof of work, which is, in my opinion, the most important thing that's been invented in the last probably 50 years, and then it turned into what is essentially a social democracy, which is everything wrong with money today is the fact that there are gatekeepers and people can vote on it, and some of the votes happen behind closed doors, and then people are given this illusion

of voting with their quote-unquote nodes, but they're not actually voting. Like what they've been given to vote on is already the milk toast that has been approved by various levels of cakey. Let's step back a little bit because I wanna keep the simple for the audience to understand it.

So, simplify story. Craig Wright says he's the only person that's come out and said he said Toshinaka Moto, right? I don't think he's not. There are other people that have claimed they are. Who else has? That's a credible name. Who else has? No, nobody credible. Everyone else has that's a credible name who else has because nobody credible

Everyone else's father give me some understand me the biggest name that came out that said that fill fill Wilson is probably the most interesting guy Phil Wilson for the record also says well. Yeah, it was me and Craig and Dave so even Phil who I think is kind of a sketchy Character he's another Australian fellow and and tells the story. It was me, Craig Wright and Dave Climent. The interesting thing is that Phil Wilson worked at some of the same companies as contractors and stuff as Craig. So one of the big reasons why I really think that it's Craig is, A, Craig has a background in statistics, finance, economics, theology. He's got, I don't even know, half a dozen PhDs. He's got another 20 masters degree.

This is great. Yeah, I remember that. So, but Craig goes on BBC and he's going to put in the keys and show the fact that he owns this and in all of the things like, oh shit, you know, it's not working. Right. And it was a bit about controversial issue because if you really say you are Satoshi Nakamoto

and you go on BBC and you kind of you know Flip Flop not able to show it. He lost a lot of credibility there's a and indeed and this is why even to this day He's he's among the most contentious people in in the space They look at it and say if you couldn't prove it then you can't prove it ever. You're definitely not Satoshi Nakamoto I think that's unfair But the reason that I think it's unfair is specifically because, I mean, there's a million reasons why that could be. And I think that if he was a scammer,

if this was all false, he would have disappeared at that point. Like, who wouldn't, right? It's like, okay, the check is up, I'm out. Let me give the question back to you, okay. Everybody in this room, just a question for everybody in this room, okay, you ready? How many guys have forgotten your chase or bank of America or Wells Fargo Pass word? Absolutely.

Yeah, have you? Yeah. Okay, have you ever, have you ever, yes, you have, you have as well, you have as well. Okay. Would we put a guy named Craig Wright with 10 PhDs as one of the smartest guys, if he really created Bitcoin, you'd have to put him as one of the smartest guys out there, right? Sure.

Okay, if he's one of the smartest guys out there, that produced a revolutionary product. By the way, I wanna believe it's him. I enjoy talking to him. I can't have a way to have him back on the podcast and have the conversation with him. If that is the case, the question that people bring up is how does that guy forget it?

Because the amount of money that he has, how much of the money that he has in it? 54 billion or something? No, that's bigger than that. $252 billion, as well. That's what he would be the second richest man in the world. Maybe the richest man today, because Tesla took a hit. So if that is like,

but that's why some people think that he forgot the key as well. So that they can't actually see going and see exactly how much he had how many hundreds of thousands of coins he had in pre-mining. I mean, it wasn't a pre-mine. It was it was public. It was it was said three months before like, hey, mining starts sometime in the future. Let's get set up like that. That was the point of coming out of partners Pat I mean like like the guy Calvin air is the interesting guy to me man Like I mean who who financed all this and if you financed all this do you own Bitcoin? Like do you have an ownership state if you financed everything? Are you the owner of Bitcoin if you financed everything and if you know anything about Calvin air people that don't know Calvin air go follow his Twitter He's a very interesting character. He's an interesting character.

He's a serious disruptor. He's the guy that brought internet to half a Canada. He took the money that he made from that and created a software company that disrupted the gambling industry. Then he basically took over the online gambling industry with BodoG and became the number one online gambling mogul. Period.

He also invented a number of things that ended up competing with PayPal and things like that back in the day, which is why he got into the Bitcoin. Pretty incredible stuff. Also has a predilection for females that even damn Bill Zarein's like, I don't know, bro, that's a little young. You know, some of this stuff has come up in the past

and the people that have brought it up have ended up having to pay restitution and things to Calvin. So it's, there are accusations and nothing's ever been proven, charges have never come out or any of that. And he happily shares the pictures across Twitter and very much understands the legality issues that would arise should these things be illegal.

So I... So, okay, so let's go back to it. So the Florida trial. So so far we talked about Craig Wright, fantastic. He talked about Florida trial, the trial of the century, which you call it. So Craig Wright is here in Miami, they're all talking what's going on. Wall Street Journal does an article saying Bitcoin creator Satoshi Nakamoto could be unmasked at Florida trial, right? With this going on, it's almost a way of saying you better come

out and reveal yourself, right? Yeah. Has anybody else stepped out outside of Craig to say, I am the guy or no? Has there... Amid this trial, absolutely not. Like I mentioned, Phil Wilson, there's been a couple of other goofballs that have come out and told stories, but none of them make any sense. And Craig Wright is the only... First of all, Craig didn't out himself. Craig was doxed by Wired in Gizmodo Magazine in 2015.

At the same time, the ATO was raiding his home, and a local, ATO is the Australian IRS. And the local media in Australia was in front of his house filming it. So somebody coordinated this, basically, takedown of Craig Wright, not realizing he had left for the UK a few months earlier. And ultimately, the reason Craig Wright is a public figure at all is 100% not his doing. So these magazines said, this man is Satoshi Nakamoto,

what can we learn from him? Blah, blah, blah, blah. So I think that's an important thing to remember is that every other Satoshi candidate came out to say, well, I'm Satoshi and here's why. And none of it made any sense. Craig denied it for quite some time until he was able to get some of his ducks in a row.

And then he would say, okay, look, I'm gonna start to, I don't wanna just tell everyone publicly, I'm gonna bring in some people privately. So he brought in Gavin and Dreson, who's the guy who Satoshi left the keys with, the lead developer of Bitcoin, and then he brought in John Matonis, who was the head of the Bitcoin Foundation at the time.

And a couple other people were offered, and as I understand it, somewhere between six and 10 other people have seen, and he said, look, I wanna do this right, I wanna show you guys in private, I'm gonna do a public key, private key signing, prove that I control Satoshi Nakamoto's assets, and that is one aspect of proving that I'm Satoshi.

The problem is that the second he did that, Gavin and Dresan had his keys burned, he was removed from Bitcoin court, again, amid the Bitcoin and civil war. So these people were like, oh wow, Craig right is Satoshi? Boom, Gavin and Dresan, you're out. Craig, I'm so confused, man. Didn't you say Satoshi actually exists? Like, as a human being?

A hundred percent. So other people know him and have interacted with him? Correct. But there's this, but it's on the internet, not in person. But it's not in person. I mean, I, I know Craig personally. Yeah. And so, yes.

So, wait, my mind's being blown right now. Is this like a metaverse thing where Craig is Satoshi online? Craig, so it's an alias. So, it's a pseudonym. Craig. So, there is no Satoshi. As you can even be, it's a fake name. Like, I'm not a person. Exactly, exactly. No, that's kind of like it's like I write a book and you don't want to use your name

Yeah, like Gerard Michaels. I get it. Yeah, I get it But wait, so there actually is no Satoshi Nakamoto. I mean there are probably people on earth Name you know you didn't hear about the story the guy that's a guy They went and knocked on his door and then he's like I'm telling you. I'm not I'm not the founder of Bitcoin So this is a, okay. All right. Joe, there's no way. His real name is not.

I'm a hard time. No, how do you not know? It's timeout. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, Satoshi Nakamoto, actually existed, or if it was BS. Well, there is. There is some debate. There is some debate. The human being. Satoshi Nakamoto.

I think people understand that it's a human that created this. His name wasn't really Satoshi Nakamoto. I didn't know that that was. I had no idea that that was settled science, bro. Trust the science, man. So anyway. So then what happened is Gavin and Dresan and John Matonas both basically got burned, kicked out of

the community. You're not real, Bitcoiners, Craig isn't real. He's, is this guy Gavin claimed to have met Satoshi? Oh, yeah, he was under deposition in Miami court. And what did he say? He said, you know what, there were things that were goofy about the whole situation, but at the end of the day, I, I believe that I met Satoshi Nakamoto. And what did he say he said you know what there were things that were goofy about the whole situation but at the end of the day I believe that I met Satoshi Nakamoto and What did he say it was? It was Craig right so Craig right is is Kaiser Soci

Kaiser Satoshi yes, Kaiser Satoshi Nakamoto so let me let me show you this let me show you this Let me show you this just just on the last 30 days. This is what's happened I saw two articles. So if you want to pull this up One of them is what Hillary Clinton said one of this is what's happened i saw to article so if you want to pull this up uh... one of them is what hillary clinton said one of them is what ran paul said i don't know if you heard this i'm sure you did so if you can pull this up a little bit higher little bit higher there you go with the picture shown perfect

bit point could become world reserve currency says senator and paul this is october twenty-fifth uh... little over four weeks ago right right? This is what he is saying. World Reserve currency says, Rand Paul. Hillary Clinton just comes out a week ago or two weeks ago. This is a week ago. She says, she fears Bitcoin will undermine dollar as a world reserve currency.

Which one is more likely to happen or will both happen? So I think they're both talking about BTC Bitcoin because that's what people assume. I think it is incapable of being a world reserve currency. It doesn't have the capacity to settle anything near what we've needed in bandwidth terms. BTC is heavily crippled. It does not work. It really, really only works for what people are using it for today, which is an investment asset. Front-run people, get other people to buy it,

you've become more rich, and that's great. And that's really everything that's going on there. It cannot do even with the layer two stuff. All of that stuff is a lot of vaporware, and the stuff that works really only works in bubbles. And so I think, frankly, they're both wrong, but where they're right is that the Bitcoin protocol, what Satoshi Nakamoto actually invented

is capable of doing that. It should absolutely be a both-hand. It should be a frictionless digital cash. It should be a tokenization layer. It can do smart contracts worldwide right now. It in fact, is doing it, but it's on BsV. So what Bitcoin SV is, and this is why Craig Wright and all this stuff is tied together,

is that Bitcoin SV is Bitcoin as it was implemented by Satoshi Nakamoto. So there's no swim lanes in the protocol. So whatever you wanna try to do, if you wanna try to push an entire operating system in one transaction, and then have tokens interact with that operating system all up in the stack, you can do that. It's not gonna stop you.

So miners might stop you. If you don't pay in a fee, the miner may not mine it and put it on chain. I think the token's pretty interesting because I could, I could anyway see a future where every city has its own currency. And it's a token that's, you know, Bitcoin based or some sort of blockchain based.

Absolutely. There'll be instead of paying cash to get an MTA card to ride the subway in New York, New York will have its own coin, it'll have its own token. Yes. And digital currency, like Pat was, you know, we were talking about earlier, there was land sold in the metaverse, which is nuts to me, man,

because one of my favorite quotes from the sopranos was when Tony soprano tries to get finally advice to AJ, it's like by land, gotta make a no more of it. God's making more land now, it's digital land, it's crazy. So I mean, you know, go west, young son, west for expansion.

And this is, and this is why, so I'm, this is why I'm such an advocate for the Bitcoin protocol, which again, in my belief, really only exists in Bitcoin SV. It's the only one that can do those things. So right now, like, just for clarification, Bitcoin SV is different than BTC.

Correct. So they both are. Break that down. They're both based on the Bitcoin protocol and a very basic sense. So it's kind of like the Judaism Christianity, LDS, Islam, and all these things, like there's forks, right? But they fundamentally- It's all your Abrahamic religions.

They're fundamentally Abrahamic religions, right? So this is all these Bitcoin variants are fundamentally Satoshi-ish implementations of Bitcoin, including things like Litecoin or Peercoin or Dash, all these things are still like 95% the same thing at the very base level, but the way they're implemented has a bunch of different variables. And so BTC is Bitcoin but implemented with a bunch of the stack turned off. So the opt codes, the stuff that would allow smart contracts, a lot of it just turned

off because it's like, ah, that stuff's kind of a security issue. We don't want to play with that. Also we don't want more than six megabytes per hour to go across the whole network, or else people in the third world won't be able to operate nodes. And we want everyone to be able to have an endpoint on the network.

Isn't this what Ripple wanted to do? But they just were dumb enough to incorporate in the United States, or? Yeah, I mean, Ripple's the same thing. Ripple is also very similar to Bitcoin in most ways that matter. So almost every blockchain is basically just a derivation of the same idea. So almost every blockchain is basically just a derivation

in the same idea. So what Bitcoin SV is is, okay, we're gonna implement Bitcoin, but we're not going to have any hard limits on things. So whatever you want to try to do, whatever economic actors want to push on the economy and see if they can create a market, create an economy with a new idea,

you can do it on BSV today. Like Ethereum, you can't do it. The NFTs on Ethereum aren't even actually on Ethereum. You own a string of numbers, you don't own the artwork. In fact, people are getting censored off of Ethereum right now for their political cartoons. Like if you put a political cartoon that is unsavory in some way,

you can just eliminate the art because the art is sitting on open-seize server or it's sitting on AWS or it's sitting maybe on IPFS but that art disappears and you only own the hash. Bitcoin SV right now there is like 3D objects as NFTs made and I mean you can grab them you can play with them but they're on chain they're in the blockchain they can't be deleted and that's the only blockchain that does it everybody else is selling you a string of digits and they're hosting your file on their servers. And whenever they feel like, you know what, I'm done with this.

They shut the server off and you lost the piece of art that you think you own. Let me ask you, do you own any Bitcoin or Ethereum? I own a little bit of a lot of things, but a lot of it is old school. Like I've been in the space for nine years now. So some of it is, I probably have stuff that I don't even know exists at this point.

But yes. But that's why I'm not to answer with Joe Biden's guy. No, what do you mean that you know doesn't exist? Does that mean? So I mean, just in testing, like, if we're going back to 2015, so I actually used to be an Ethereum miner. I was mining Monero in 2016 and 2017. Like I've gotten myself into a lot of things to,

like, what is the most recent coin you invested in? What you bought? Recent. BSV, I'm having in the BSV space. Got it. So let's talk about the mining, the difference between Ethereum mining and Bitcoin, you'll see one of the arguments will come up

to mine one Bitcoin cost. You hear somebody that $48,000, $42,000, et cetera, et cetera. Explain to the average person what it means that it costs $42,000, $48,000 to mine a Bitcoin or mine an Ethereum, which is what you used to do. Yep. So what you're doing when you're mining is you're actually trying to brute force a number.

So the network says find this number. And here's a bunch of math problems to get you there. And then what you do is what's called a brute force. So you get a bunch of computers to test. Is it this number? Is it that number? Is it this number? Is it that number?

But they're doing it at an incredible speed, and just absolutely bonkers speed. In fact, this is the most progress in computer science and Moore's law and all this stuff has been toward breaking hashes specifically for hashing on blockchain assets. So what you're doing is you're hunting for one number. And in Bitcoin that is a SHA-256 number,

and on Ethereum right now, it's ETH hash, which is a, I'm not gonna get into the math and science of it because nobody cares, but in Ethereum, you use GPU. So it is like the graphics cards that people want on their gaming computer. This is why gamers hate crypto people because they can't get the GPUs to make their games cool because they just keep getting bought up by Ethereum miners.

Primarily. I hate the crypto people. They do. And so what you're doing there is you can run a GPU farm, which is quiet or it's a lot less energy efficient, but it's the best way to mind Ethereum today. And so a lot of people GPU mine and that's what they do. On Shot 250 Sysc, it's specifically Asic mining, which is application-specific integrated circuit,

meaning it is a computer that is designed to do absolutely nothing but look for Bitcoin hashes. And so it's very, very heavily specialized. Whereas Ethereum miners, when they're, you know, if you decide, you know what, I don't want to be an Ethereum miner anymore, you can put those GPUs on eBay and sell them to the gamers again and the gamers all there's been a drop We get to do this so but ultimately what you're doing as a miner You're you're looking for a hash and that's really all you're doing. What's a hash? a hash is It's a string of numbers that represents some other thing so I can make let's say I write the number

numbers that represents some other thing. So I can make, let's say I write the number my birthday, and then I run it through an algorithm, it will spit out a hash, and the algorithm can always connect that hash to my birthday, if that's what I want it to do. So it's a proof of the existence of the first thing. But hash is mean, it can be something as simple as a very simple like my birthday written out,

or it can be a whole novel. Like I can make it moby-dick. I can make it, Moby Dick, I can make it the entire library of Congress, and I can hash it, and the hash will be the same size, regardless of the end point. Correct, it is digital DNA. It's a fingerprint that points to the proof of existence of another thing,

but in a way that is standardized and easily attestable. So that's what they're looking for. They're looking. So why is it cost so much money though? Because it's competitive. So specifically, if I can do it better than you, then I will, because I'll make that money.

But if, but if DRAWD figures out a new way to do it, maybe he's got better, whatever, better computer science background, or he can pay somebody to build a better chip, then all of a sudden he's more competitive than us. Then I need to figure out, oh shoot, what do I do? Do I go to the third world and try to find an old diesel plant and make it that my power's cheaper or whatever.

So it's this competitive nature. It is free market economics 100% at play that makes it that I'm going to compete with you, but then you're going to compete better. Yeah, you're going to compete better. Why is the argument about it? The reason why Bitcoin will never end up being the currency is because it costs so much money and it's requires so much energy and power, right? Why does that constantly come up?

Because most people are communists and they don't realize it. So people that talk about costs without talking about ROI are dim, period. It's ROI. This guy. You say anything bad about communism, this guy's trying to make out with you on camera. It took off your head. I feel like I feel like you on such a level.

This guy's slightly poking out right now. It's true though. So the cost conversation is fine, but people that talk about costs without ROI aren't having a real conversation. These are people that should go get a minimum wage job and stay on their lane. So, but if you're creating that,

you're saying experts don't say that, you're saying, like for example, can you Google, Tyler, do me a favor Google, what it call, how much energy does mining a Bitcoin Take so apparently it's more energy There you go on that goal. But it's the time Everything you know only reason I'm at okay, stay right. Let me just read that real quick if you want to

Go back go back real quick Okay, so business ins is not a communist yet. I mean, I know we're going after business insider's got a bad reputation with whatever's going on, but Bitcoin mining consumes around 91 terawatt hours of electricity annually, okay, Bitcoin mining. That's more annual electricity used than of all of Finland, which is a country of five and a half million people that's almost half a percent of all of the electricity consumption worldwide, and a 10 times jump from just 5 years ago.

So this isn't a, you know, Reddit crazy, you know, a guy that's saying this. So go back, go to the article, let's read a little bit more. Go all the way to the top. Let me just read this out. Bitcoin mining is consumed globally. And seven times Google's total usage. New reports as a Google is the number one search engine. Go a little lower. Go a little lower, half a percent of a consumer consumption according to New York Times. That's roughly seven times on Google.

Bitcoin's negative environmental impact is expected to become a bigger issue as cryptocurrency gains more popularity. Okay, by the way, I see the fact if New York Times is saying this and they're linking it to environmental impact is expected to become a bigger issue as cryptocurrency gains more popularity. Okay, by the way, I see the fact if New York Times is saying this and they're linking it to environmental impact, you already know where this is going next. See more so go a little lower, go a little lower, see what else they're saying about this. It is difficult to measure exactly how much energy they've come in and consumes, but a new analyst by the New York Times shared some staggering input. Okay, and that's the stuff that we just read right now. So it's not just one person saying it, or two people saying it, sure. I'm really trying to find out for myself.

If we're going in a direction right now where we keep printing money, okay? Which has been the strategy for the last 24 months. Okay, and the printing of money is not left and right. Bush started it back in the days with, we can talk about quantitative easing that started with, who's the first green span, was it green, okay, they start.

So hey, quantitative easing is actually a good thing. We go buy, give money to the banks, and they buy shitty business that's out of business, but you're putting money in there, and hopefully the money's gonna go to the middle income, and then eventually shitty business that's out of business, but putting money in there and hopefully the money is going to go to the middle income and then eventually realize the more they're doing that inflation. Next thing you know we got 6.2%. We can't wait to see what the numbers are going to be next. So for me I would like to see a potential different currency that holds

everybody accountable that you cannot manipulate specifically. The government cannot. So it would be kind of cool to have a different currency. Some said, hey, we're gonna go to gold standard, Peter Schiff, gold standard, nothing's happened with gold the last 18 months. I own gold, nothing's happened with gold in the last 18 months, right? So if there is a possibility of us going on something

that publicly you can count and they can print that beautiful thing, but the fact that it takes that much energy in today's climate, don't you see that as an issue? I don't. In fact, if you look at Bitcoin mining versus what is going on in the rest of the world, you're ignoring, yes, Google.

And Google is a big player, but they're not the only player. If you look at the entire global economy, and what they are doing in order to bootstrap whatever we call the global financial system. So all of these things, all of these players, they're using exponentially more energy than Bitcoin. Now, here's my problem again with Bitcoin BTC is that what are we doing with all that

energy on BTC? What we're essentially doing is securing a bunch of coins that are sitting on people's paper wallets or ledger nanos or whatever. They're sitting there and they're not doing it. They're not creating anything with that money. And this is a problem for me too. This is why I actually argue that the BTC community has become

bourgeoisie, whatever, they're very, they've got a communist pension to their behavior. They're not building things with Bitcoin. They're not using Bitcoin as a tool to disrupt the actual economy. And so it does become a problem, then it does become wasteful. If this is just securing what's in my wallet,

that is a problem. And it's not a problem for me to go out and physically change for someone else. It's incumbent upon me to build business use cases that supersede that. So imagine if what I was doing with Bitcoin was replacing Twitter, for example. Twitter's a giant nightmare of a company.

They're a terrible company. But everybody uses them because everybody's there. But they're also very wasteful. Think about how much server space is actually exists just to keep Twitter online. Now, if we were to move over to Bitcoin, a BSV, for example, has the Twitch network, which you have an account

as I recall. I do, yeah, I spoke to the founder of it, him and I went back and forth. I had different interests with them, but yeah, I do have an account with them. And so, what they've done is they are putting everything on chain in the stack. It's up in Bitcoin, it runs in Bitcoin,

it's not using other infrastructure. So we can ignore, we can eliminate Amazon web services and Microsoft Azure and all these other things that are also consuming a lot of energy. But it also has the added benefit of extreme censorship resistance. People can have political opinions that are maybe unsavory but can't be deleted just because Jack Dorsey

or this new Goon CEO can, you know, I don't like the sound of that. And it's all on chain, it's secured by proof of work. And again, this proof of work, this brute forcing of ideas. So imagine the hash, we talked about brute forcing hashes. Imagine brute forcing every idea and making every note around the world,

use that power, use that energy to take conflicting ideas. Try to speak to the audience as if they're a fifth grade or right now. Because you went to a la la, you know. So come back and simplify for us. Let me go back to the question. Here's a question. If it requires this much energy that people say it requires, you want to use the example of Twitter.

It's seven times Google, which means Twitter's probably freaking, it's nothing. It's nothing compared to Google, right? I mean, you can't even compare it to it. It's probably 700 times Twitter, if not more, right? So that comparison argument, somebody might find a leak and poke it and say, I don't know what you're saying here. All I'm going back to is, remember, I would love to see an alternative to fiat currency. I think most people would love that what the government cannot just say, let's go mine 50 million more bitcoins. You can't bullshit like that, right? So we don't have to

worry about all the other stuff. Why is this constant conversation about how much energy it requires to mine a bitcoins? Because people aren't focused on what you can create with that cost. People are just looking at the cost and saying that is that is awful consumption. And if you just looking at the cost and saying that is an awful consumption. And if you just look at the consumption, I agree. Yeah. And I agree to the point that people aren't creating disruptive things with their blockchains. Well, let me restate the question. I'll ask the question in a different way. I'll ask the question in a different way.

So, for example, okay, you know, what time will mafia states of America be given up there before the whole thing ends because people need to know what's going on with that. But hypothetically, okay, how many total hours have we put into mafia states of America were given up there before the whole thing ends because people need to know what's going on with that but hypothetically okay how many total hours have we put into mafia states of America total everybody team You know think about where we were at shooting 40 people their editors can we say I don't know total everybody 10,000 hours is that a fair number? Maybe more okay, let's just say 10,000. Yeah, let's just say ten thousand hours now I the the funder is gonna sit there and say why is this cost so much money? It's taking so many hours. It's freaking ridiculous

I don't have manpower to get these guys to edit other projects. I have nine editors working on this one projects Gerard this is freaking ridiculous, right? however, however if Gerard, this is freaking ridiculous, right? However, however, if, when we're done Q-seeing all of it this week, which is gonna release December 3rd, we are done putting any time into it, because now it's up there, then I'm good, meaning,

if that energy is required to mine a bit, it's just the energy required until you mine it, then it's good to go, it doesn't require anymore. Energy, we're fine. But is it a constant energy required to sustain it it, then it's good to go. It doesn't require any more energy, we're fine. No. But is it a constant energy required to sustain it? Because that's so concerned. So the other thing that occurs is that you are a transaction processor as well.

So the same people that are mining the bitcoins are also processing the transactions. So as transactions occur, that's also part of the consumption. On BTC, it's almost none comparatively. But BSP for example has more transaction, more of what's going on on that network is transactions than it is mining. So, and this is why I say like, look, if we're building a world that is disruptive

and is more efficient, it's more fair in a way that is verifiable, not arbitrarily fair, but like look at the math. Look, to me, that's a complete red herring, man. I mean, you know, if you're using 5% of the world's energy, that's governmental. That's not people in their backyard on their computers. That means that world governments are using a lot of their energy grid to be able to do that. All right?

El Salvador, specifically one of these countries that's moving to it as their primary currency. The other thing about that is that our energy production is only just beginning. Remember 100 years ago, World War I started and Calvary was still involved. World War I began and they were still, I believe it was Poland, was going up against tanks in actual with horses. So I mean, we basically just came out of the middle ages, guys. 100, 100 years. From now, our energy capacity is going to be something

that we can't even really begin to understand. So I think the other thing to know about power right now is that there is more power generated than is used. So until we actually get to the point where we're putting real strain on the grid, I think it's in a relevant constant. We haven't even captured the power of the sun, man. Well, but even that right now, as inefficient as our power generation is, we're generating too much power, even with Bitcoin and

even with all the other inefficiencies that are perceived, we're creating more energy than is used. My big issue with Bitcoin, to me, that's an obvious, to me, again, everybody's a communist, right? But to me, that's just an obvious hit piece. So what does concern me is a little bit of the decentralization, like who can take over Bitcoin? Pat talked about a fiat currency. For people that don't know, basically it means that the United States dollar isn't backed by anything. There's nothing back, there's no gold standard,

you can't tie it to anything, there's nothing, your paper dollar in your pocket is based on nothing more than faith. It's as real as Satoshi. It's as real. Bitcoin doesn't have aircraft carriers. So there's that aspect of it. So our Fed Reserve for as bad as it is, and I think the Fed Reserve and the WBO are two of the most evil organizations on earth. I really honestly believe that with every fiber in my being.

And they sell for people that don't know. The Federal Reserve isn't even a government agency. It's a private bank that sells money to the United States. We buy our money, folks. The money that in your pocket is worth less the second you get it than the second it was printed. We buy our money from a private bank. So moving away from this, like Pat said,

I think is absolutely crucial to every American citizen. It's also why they'll never let us do it. Number one, number two, what is to stop Bitcoin from becoming a world-backed currency that's a, and then somebody like Calvin Airbnb and like, oh yeah, by the way, I own this, and now you guys have to pay this price or this and that. Like what's to stop that from happening?

Well, I think, first of all, the way that it's distributed, first of all, like there's a reason why it wasn't distributed by Craig Wright, Patton, this and that, copyright, this and that. It's actually copyrighted to Satoshi Nakamoto and it's got an open source MIT license. So it's basically, look, modify it if you want, do it, you want to it, but if you make a modification,

you need to change in the name. So if it's Bitcoin, it's Bitcoin, run Bitcoin. And then the way that it's distributed, the way that it's processed and everything is 100% competitive. Again, it is a pure free market function. And this is why it really matters. This is why I don't like with BTC that the BIP process and this what has really become democratic socialism in the way that that

changes are made and changes are implemented in BTC. I think it's a major problem. Bitcoin is supposed to be governed 100% by proof of work. And if everybody agrees that look, you need to compete to create the most value. But even there before you move on from mechert, who governs it? Like, how is it governable? Who's holding each other accountable? Like, what is the process of that accountability? We can say it's proof of work,

but also if there's no fines or penalties, like. But there is, that's the point of proof of work. If you do something that is unsavory to the other nodes in the network, if your proof of work appears to be malicious, they can just simply say, you know what, we're done with you. We're not going that direction.

The proof of work will orphan your ideas off of the network. That's the beauty of it, is that if you aren't creating value, the second you have decided, maybe I'm gonna be a malicious king, you will cease to be the king, period. We've seen it hundreds of times in Bitcoin. Every time there used to be the bit main, oh, bit main is going to take over and there's this big conglomerate.

And ultimately, people are like, you know what, we don't like bit main. We're just basically going to do things that make them go away. And they've had to completely change. They've reorganized their entire business. You can obviously see the next logical step in that is, okay, now China just comes in, overwhelms the system and says, everything that that's not pro us, we can orphan the same way. But they really can't because again, it's based on its principle and proof of work.

So if they come in with something that again is malicious to the network, the network itself is anti-fragile in that it can say we're basically going to go a different direction. I don't understand what that means. The network is an AI, The network doesn't exist. No, it's me, Bull.

Yeah, it's competitive. People are corruptible. A person is corruptible. In a perfect free market system, I believe that in a perfect free market system, we will still have malicious actors. We'll still have serial killers. We'll have these things.

But if we are all able to compete 100% to be anything we can be, if we can cooperate better whoever cooperates best Will win and they should win But the way that they win is by creating the most value for the rest of everyone else So I would actually hope that communist China says okay We need to mine we need to participate in this economic disruption by being a node on the network Because it will create incentives that make them better people too. That's my desire.

I want governments to stop having cold wars and hot wars with each other. I want them to have to mine about it. They need a brute force there, ideas. That's what mining is. It is brute forcing to find the best path forward, and I would rather have these things brute forced rather than we're invading each other's country.

Whatever. Okay, Adam's got a question. I got a follow-up answer., rather than we're invading each other's country or whatever. Okay, Adam's got a question. I got a follow-up. I feel like we're learning a lot, but I also think that there's some people that, because I'm one of them that's like, I do, I do, I do, way over my head right now. Her bro, straight up.

So let's bring this down to just regular people out there. Most people are most people, I say this all the time. I gravitate towards personal finance. That's what I care about. Make your money, save that money, invest that money, yada yada yada. Talk to the regular people out there. The nine to fiveers, they're making 50 grand a year,

100 grand a year, whatever's going on, they're getting their paycheck, you know, they're putting their money in their 401k, they're renting, they have a mortgage, they got kids, yada yada yada, freaking yada. And then you're like, bitty bop and bitty cack and bitty bitty boop and then out about about block chain.

It's like pump the brakes for a second, bro. Sure. How does this affect the regular person? The regular person can't afford Bitcoin. Maybe they're buying some dogecoin and praying. Maybe they're buying some fractionalized shares of Bitcoin. Maybe they're like, look, bro, I see what's going on, NFT.

Like, you know, you're familiar with like, jump to shark. I had a buddy out there that all he does is smoke blunts every single day. Hit me up and it's like, bro, what's up with these NFTs? I was like, that's it, I'm out. Okay, my question, dude, is bring this back to the normal person.

Why should they even give a shit about what you're saying? I don't mean that just respectfully, but they're just like, look, bro, I just wanna make my money, I wanna save some money, I wanna live my life, you're talking about nodes and nerds and this and that. Just break this down for the regular person out there. What should they be aware of?

What should they be most, most concerned about? And just, break that down. The first thing is that dollars are a tool for oppression. It's bait. It's sell your time for this. You can't get the time back, but you will get these dollars. And people do that. People work the nine to five and they're commuting an hour each way and having their kids and doing this. 99% of people, right? This is essentially everybody.

But those dollars are losing value as they're sitting in your bank account. Inflations killing our ability to purchase things. You know, now a year ago it was our inflation's not a thing. Now it's inflation might be good and here's why, you know. And so this is something that we are, we are, we are, we're just told gaslighting by the way what they're doing when they're saying inflation is good. I mean, they're just trying to get middle America to say, okay, it's not a big deal. Right. Yeah. I mean, you've been talking about inflation for six months, man.

I mean, you called it when Janet Yellen was like, it's only 1%, you're like rolling your eyes. It's a mess. Four years. It's a major. Six point two percent. It's a major two to three percent. Usually two to three percent. So it's double what it usually is. It's to make us rely on them. What Bitcoin does fundamentally is it gives us tools that allows me to do business with someone in South Carolina as easily as I can do business with someone in South Korea. And it makes it that I can bootstrap a business. I can be a FinTech startup with a trivial amount of capital.

As opposed to, all right, I need to write a thing. I need to go to some Silicon Valley venture capital. Like, there's a whole this whole process. That's not the regular person out there. Remember, we're talking to regular people here. I'm not saying I can understand the capitalist. But that's what I'm saying. That's the silo. That's the silo that a regular person can't ever broach. They can't get there.

But with Bitcoin, excuse me, with Bitcoin, you have the ability to create things of value in an hour's time on your own computer and sell these things for real value. You can do business on the Bitcoin network. Much the same way that the internet allowed people to. You can do business on the Bitcoin network. Much the same way that the internet allowed people to maybe create an eBay business on the side 15 years ago, right? Like, wow, I've got extra income because I figured out that I can go by, you know,

designer shoes at the resell shop and then sell them for 10x, what I pawn them for, right? That was a revolutionary little thing that the internet created for people. But Bitcoin is that much better because you can do it with digital assets. You can tokenize your own home, your own life, futures on your own ability to earn, things like that. It gives financial instruments that have been kept away from people forever. And it allows them to be in the hands of people to do micro-lending.

Let's say maybe you've got 50 grand that you've saved up because you've kept a bank account for 30 years working at your job. Well, that 50 grand, how can you make that 50 grand work for you? You can leave it in an IRA or whatever the thing is. I probably got allergies here. But with Bitcoin, it allows you to do micro, this De5 thing,

like it allows people to give, I'm gonna give a micro one, I'm gonna choose the interest rate, I'm gonna allow people to. I have some tissue please. Appreciate it. So I'm going to be a lender in my neighborhood now, and the on-chain attestation of my identity

and my reputation makes it that people can trust me. We can have a smart contract secure it and do the escrow, and take away all of the nonsense, the stuff that people don trust me. We can have a smart contract secure it and do the escrow and take away all of the nonsense. The stuff that people don't want to know in here and say, look, you can earn 6% on your dollar now by lending to people. I literally think that the drug, what I was telling you, I do. You want to tell us what you do?

No. OK. Because it's illegal. Have some tissues. No, and you get very emotional for your personal point. For your personal point, is this why you get emotional? Let me tell her. Let me, let me, let me, let me let me let me let me let me let me let me let me let me read an article here about via because so so Kurt you know the comments right now are on fire about BSV right? Yeah, so they love BSV

apparently I'm being sarcastic so can you pull up this article about what Vitaly had to say? So Yahoo article, this is two years old though, this is not a new article, it's two years old. Ethereum's Vitalic but you're in slams Bitcoin, SV obviously a complete scam. If you can go up a little bit Ethereum, Vitalic maintained his hardline stance on Bitcoin SV and a recent interview calling Craig Craig writes cryptocurrency, complete scam, speaking with YouTube, I'll turn a little room for interpretation regarding the stats on BSV. The theme co-founder also gave a stats

on decentralized exchanges and the warringly centralized accumulation of power by Binance, called Little Lower. Obviously, BSV's a complete scam, but the listing from Binance, that was interesting. There's arguments in favor of it, but then there's also an argument that this is a centralized exchange

that's wielding a lot of power. What do you have to say about his thoughts against BSV? I mean, BSV makes Ethereum completely obsolete. So I mentioned Ethereum is good for 50. BSV makes Ethereum completely obsolete. Completely. Ethereum is good for 15 transactions per second globally, and it does smart contracts that cost sometimes $800

of transactions just to make a wallet or just to do all these different things. Which is an obviously concern our friend Vitalik. There is no scaling ceiling on BSVs. But it was zero. In fairness, Ethereum was never intended to be a transactable currency or an investment. It's, you know what, there are, if you go look at Vitalik buterin quotes from

2017, he was the one talking about that it's a travesty that BTC fees are over five dollars or whatever. He's, oh no, that could never be disruptive. And now, you know, literally eight hundred dollars to make an ethereum wallet if you're trying to open a DeFi contract. And it's, it's madness. But on BSV, you can do about 100,000 transactions per second today. Full smart contracts. Everything that Ethereum can do can be done for an infinitesimal fraction of the cost,

and at exponentially higher speed than Ethereum. And that's why BSV has a scam in his opinion. People don't want to hear it. The reason it's being delisted from Binance and from all these other places is because the entire crypto economy, all 10,000 of these blockchains, some days BSV has more transactions on just BSV than the entire rest of the blockchain economy combined.

Nobody talks about it and it's because it's their Ponzi scheme. They're making money by trading tokens and by accruing this liquidity. What BSV does is not about crypto trading. That's not the thing here. What it is is it is disrupting the entire global economy. We don't want to replace the blockchain economy. We want to replace the internet period.

Do you think those blockchains are going to consolidate at some point? They have to. They don't work. Like, they literally need to bring whatever value is on those blockchains needs to come to B.S.V. Because the other blockchains don't work. They can't work. Like they literally need to bring whatever value is on those blockchains needs to come to BSV because the other blockchains don't work. They can't scale. People don't get it. L2, all this layer, two nonsense. Four years ago, Ethereum's, oh, Plasma's gonna fix

everything. Plasma never came out. It can't work. Elon Moist just came in. So he's in the chat. He's watching the, no, no, I'm being serious. He's like, it's my boy. He's a twitch guy, right? He's the frog, yeah, the frog I'm not serious. He's like, it's my boy. He's a Twitch guy, right?

It's the frog, yeah, the frog. So he came and he says, Bitcoin does the work of 100,000 bankers per second. What does he mean by that? That it's everything. Bitcoin is, Bitcoin isn't, is a global notary. It is a, it is a global group of bankers. It is a global data attestation service.

It is the internet. That's the thing. Everything you can do if you want to. It's the deed you buy a car with Bitcoin, it is the internet. That's the thing, everything you can do. If you want to- It's the deed you buy a car with Bitcoin, and it is your deed, the coin is- It's everything. Every single piece of ownership, identity,

and transaction period can happen on BSV. If we were to move the entire global economy to a blockchain today, it would have to be BSV. It could not be done on another blockchain period so chama says two hundred thousand by the end of next year what do you think i think he's a madman i think i think he's here's the thing it could be if it if it does it'll be because it's the it's the inflation meme it's the problem of inflation sure but he's been

wrong before yeah it's back uh i don't think it'll be that will primarily. If that's the case, if it's the case, it'll be primarily an indicator for how bad the economy has gotten it will not be because of value that was created by that block. So it's a hedge against it's a hedge against hyperinflation. It is the only thing that people are using it for. That's it. Are you familiar with this Bitcoin rainbow? No, I don't think so. You're not. What is it?

I mean, maybe, maybe, maybe, maybe I'll buy a different name. What are we talking about? It's called the Bitcoin rainbow. I don't know. Only you would know something like, let's hear it. Isn't a gay pride thing?

No, I'm not saying that. It's just like Bitcoin rainbow price chart. You got a hundred questions to ask. You're asking a Bitcoin rainbow. Because this is essentially the predictor of what's gonna happen. Yes. So what's it telling us? Yeah, you've never seen this?

I have seen this. Okay, okay. All of a sudden, I'm teaching you stuff in there. Bitcoin guy. Bitcoin. Rainbow says what? Basically, this is exactly like it's sort of like the teacher's manual. This is insane.

Tell me why we shouldn't laugh at whoever made this. Seriously, look at this. What is this? I don't know. It apparently works. No, what it is is you overlay it on something that exists. This didn't exist 10 years ago. Somebody put this together a couple years ago at the very...

It was at our boss. Yeah, it was made this, this, this, yeah, I got it right. So this is insane. So this is not a predictor. Any rational person should look at this in laugh. Like what is it even telling us? We're in, well, I think we can all agree.

The word rational is a very loose terminology these days, with the metaverse and the NFTs and the big coins that's a bit of a problem. That's a rational, bro. That indicates that we are in a bubble that will crash. Okay, let's talk about that. What's this bubble? You hear the Bitcoin bubble, the crypto bubble,

the dogecoin bubble, what's the bubble? It's the same reason people don't work at the burger stand anymore either. It's the same reason there's supply shortages everywhere. It's the same reason we can't get port workers to unload half a million ships or whatever that are off the coast of California. It's because the entire economy is broken,

the entire economy is slowing down. It is fundamentally changing in ways that are not good. It's because people are being paid to be lazy. And it's the exact same thing they're doing with cryptocurrency. They look at it and they're like, oh well, I mean, you should buy this thing. You may never have to work again.

Like, buy Shiba Inu coin and here it is, man. And it's like, okay, what does Shiba do? Who is, what economic utility is being unlocked by Shiba Inu coin? What do any of these coins do for that matter? Nothing. The answer is nothing. That's the problem.

So are you basically predicting a crypto crash? Yes, it's all nonsense. Okay. Well, I mean, you're the Bitcoin guy. So like, the fact that you're saying that, the fact that you're saying that crypto's all nonsense. Okay, but I mean you're the Bitcoin guy. So like the fact that you're saying that the fact that you're saying that crypto is all nonsense, a lot of bells should be going off right now. Well, you have to know that if Pomp was sitting here right now, we would have to separate him. Because they have complete opposite, you know.

Pomp is a Bitcoin loyalist, right? And he may be one of the best explainers of Bitcoin out there. is it, you know, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, I'm curious to know what your thoughts are on this and we're going to change a subject and go on to Jack Dorsey And a few other guys and maybe we'll talk about Some more about this Bitcoin rainbow, but go to what I just sent you I know if you see it or not try to get over just give me a second try to go Okay, so anyways, I'll read it to you while he's trying to figure this out Tyler So John pits at equity diamonds. I don't know if you know who he is or not Okay, you know who he is he asks asks, number one question, how would BDO, an audit firm which relies on its integrity minutes, which are independently produced, CSV has no control, not be a smoking gun that

CSV equals SN. Can you unpack that question for us and then answer that that then I got to follow up second question for you This is strictly for the Bitcoin community. Yep, so it's responded So I've been in court. Can you unpack his question by the way to the audience? This is from the the climate right trial I have been in every single day every single minute of this trial taking notes and doing a live stream every evening for it So there might not be there. There's one other guy who is probably equally expertise on this, and it's my buddy Pat. But there was a piece of evidence admitted by buddy Pat Thompson, but my buddy Pat. Craig Wright gave a piece of evidence that was minutes on

BDO letterhead from 2007. This is about a year before the Bitcoin white paper came out. And it was explaining time chain P2P cash system and giving a timeline of when he wants to do these things and whether or not BDO wants to invest in this idea. I'm making a BDO product, Bitcoin, as a commercial, essentially triple entry accounting system, which would be great for BDO in theory. But they didn't understand the opportunity. So basically what it is, is this is proof of about a year

before Bitcoin released of Craig Wright showing BDO what is essentially Bitcoin and explaining. All right, we'll release the white paper in Q3 of 2008. We'll get the software done and tested during this timeline. We'll try to release by early 2009. And there's a guy named Alan Granger, who's some kind of executive at BDO in Australia, basically signing off on it.

And it was going to be greenlighted except the economy collapsed and ultimately researching development projects and stuff ended up getting booted. In fact, Craig also got let go from the BDO just a few months later, not for malfeasance, but simply because, hey, we're letting a bunch of people go because of the economy. So this is why Bitcoin became Satoshi Nakamoto project instead of Bitcoin trademark

of BDO product. So I think it's a very compelling piece of evidence. I think it's a piece of evidence that people were not expecting. And people want to write it off. And they're like, oh, it's a very compelling piece of evidence. I think it's a piece of evidence that people were not expecting. And people want to write it off. And they're like, no, it's a handwritten note. It could have come from anytime, anywhere. But it's on BDO, letterhead, and timestamp, and all these things. So I think it's a major smoking gun, a major bombshell, and another piece of evidence of Craig Wright, for which I saw about 1,000 pieces of evidence that basically couldn't point to anything else.

So to answer your question from probably an hour ago, why Craig Wright is Satoshi Nakamoto? If Craig Wright is not Satoshi Nakamoto, he's been pretending to be since about two years before Bitcoin existed and doing almost nothing else with his time. It just wouldn't have time to do anything else. And so, how'd you answer the second question?

A bit cash, bit coin email from 2008 is indeed a fraud as CSV, CSV equals Craig Wright, right? As CSV, CSV, CSV, how does Climbing have a case at all? I personally don't think Climbing has a case at all. It doesn't make sense to me. The whole thing is predicated on Craig Wright being a bad man and trying to get money for the estate the way that i see it i think it's a giant mccable

no absolutely no civil civil case and also the civil case though you don't need all twelve jurors to agree it's only it's you only uh... uh... majority and f-5 for the audience that's that's listened to this a lot of people asking about having john e deepened on just so know, he's the founder of CryptoLaw.us and he's a lawyer known in the crypto community. We are having conversations about having them on the podcast and we'll talk about what's going on with the case.

So I know people are asking about it. Him and I have started communicating in the last week or so. So we'll let you know when that does take place. Okay, having said that, let's get right into a couple topics that we got here. I'll give you a few names in your world and you just give me one word or any thoughts you have on these names. Sure. I know what your ideas thoughts are going to be. So number one, Pompliano, Anthony. Never never saw an opportunity that he didn't want to ride. Okay. Brian Armstrong. Similar. Yeah, Brian Armstrong, I think, is

a guy who was Bitcoin only until the moment it became inconvenient and then he just did with the money till the money. About four people that don't know it's Coinbase, right? CEO and founder of Coinbase. Vitalik Butcherin. Interesting character. I think he's also very much in it for the money. He knows his stuff doesn't scale. He's even admitted his stuff doesn't scale on stage. And he's here for the money. He's here to make money. Okay. I'm going to have a hard time on the butcher to the same. Ju Chica Chow. I don't even know. Okay. I will go to the next one. Jack Dorsey. Jack Dorsey is a communist who thinks he's a libertarian

i mean tried to let hold back a little bit of you terry duffy terry duffy i don't know terry duffy jamey diamond uh... from jp morgan for uh... i don't know the bank see you what is the same chart chartly uh... total scammer. If you look into Charlie Lee,

Charlie Lee is an insider manipulator to the court. Wow. You just pissed off another group of people that are not going to be happy with you. No, Volrovicant. I like his tweets. I think he used to be a lot better a few years ago. I think he's running out of axioms.

I'll ask you Craig Wright. You've already said stuff about Craig Wright, but Craig Wright. A gigantic pain in the ass, and also Satoshi Nakamoto. Okay. Elizabeth Rosiello. Don't know.

Don't know. Barry Silbert. Barry Silbert is one of the heads of the beast that is there to completely strangle out what Bitcoin was designed to do and he's doing it all for money. And if you look at his board of directors, it's all people from the World Bank and the Clinton Foundation and a bunch of stuff pretending to be disruptive, cool Bitcoin people and they're not.

They're a bunch of nasty, nasty insider, bankrupt. Banker, damn. Okay. Elizabeth Stark, lightning labs. She's a fall person. Okay. Brad Garland cows. Brad's a brilliant CEO and I think he's also a piece of trash, but I think he does a great. I think so brilliant piece of trash. I like that.

Can we make sure we escort this guy out? You can use that Kevin. I think so brilliant priest of trash. I like that. Can we make sure we escort this guy out when he leaves like, can that come in the car? So here's the thing, XRP is 100% the only thing that Ripple Labs does. They would not have revenue if it wasn't for pumping XRP. So he's a brilliant CEO and that he's figured out ways to make people in that company. Some of the richest people in the world.

So that's what I mean, it's brilliant CEO. But his company actually does nothing but put out press releases about, hey, we're doing this thing with Western Union, we're good. None of it actually exists. He also, you gotta give him credit. He went, he tried to, he was the very first guy

that went head to head with the US dollar. He was like, yeah, let's do it. He's a mixed bag. You remember, right? But he is not, he is not a disruptor. He is there to make money for ripple period. So when people know this. But to my party went out to Barathe.

Mark Cuban. I don't like Mark Cuban at all. I used to until, he's just another opportunist. Would I accept money from him with a lot of strings attached maybe. But. Vili Le Don Vierta.

Don't know. Okay. Paul Le Ro. Paul Le Ro is in prison for human trafficking and gunsmuggling. It's a gigantic piece of human trash. I hope he gets the chair at some point. Gavin Anderson.

Gavin and Dreson? Yeah. Gavin is way too nice to have been involved in Bitcoin and let himself be manipulated by way too many people, but I think he's a good man. How's it? How's Fini? I haven't met him, unfortunately. How's Fini?

Brilliant programmer, a very cool guy, an actual libertarian, by the way. I like how Finny wrong about Bitcoin and ultimately Not not Satoshi a lot of people think how Finny is Satoshi. I don't think he died What five years ago? 13 maybe so that's sort of like the Kaiser Soze approach and yeah, Aless I want to say and Shamat Shamat yeah, I don't know. I want to say. Shamat. Shamat? Yeah.

I don't know. I don't know who he is. So it's okay. Shamat is a mix-savvo. Zabo's another guy. Zabo's also actually a libertarian, but I think he's 100% wrong about Bitcoin. I think he's been wrong about cryptocurrency for a very long time actually. He created a precursor to Bitcoin that failed because it didn't make any sense.

He keeps trying to turn Bitcoin into that thing because that will vindicate him. I think he's trying to get back the thing that he lost 20 years ago. Big climate, last one. So Dave Climent died in 2013, also nobody in the space ever really met him is from being in this case and hearing all of his stories.

Dave Climent seems like he was probably one of the nicest people to have had in your life. And he died tragically and in a way that makes me really emote for Dave Climent. So you seem like a hell of a guy, but he's no longer with us. What would you say if we were reading this list and your name popped up, what would you want to be known for? What would others say if we were reading this list and your name popped up? What would you want to be known for? What would others say about our buddy Kurt? You I think people that know me in real life know that you know, I'm the guy you can call it 2 a.m. And an emergency and and people who know me know they can sleep on my couch or that I'm good for

good for all kinds of nonsense when people need someone to help them through their personal stuff. My enemies, people who don't know me will say that I'm for sale and I'll say anything that I, you know, will earn me a buck. But as you guys can see, I say what's on my mind. I say what I think about powerful people and I think it's crucial to know what you believe in why over and above what you do not believe in why you don't believe it and be be happy to talk about it by the way if you said you got that couch hopefully to be couch because if anybody here called you we would it would work i'm i'm a big guy so i have a big house

okay so let's get to some of these stories the jack dorsi first one twitter cio stepping down uh officially step sound what is role effective immediately dorsi co-founder twitter would evan-Biston and Noah glass back in 2006 and served as a CEO until 2018 later returned to the CEO role in 2015 and former CEO dick Costello stepdown he has a network of approximately 11.8 billion dollars there's a lot of talk about the importance of a company being founder led Dorsey sent an email to employees ultimately I believe that severely limiting and a single point of failure I've worked hard to ensure this company can break away from its founding and founders Dorsey will be replaced by Twitter CTO Parag Agrawal your thoughts on this move taking place yesterday.

So I think Dorsey's hated that company for about 10 years now. Why do you say that? Why do you say that? Why do you say that? I mean, he's at odds with the company. Here's the thing, I said before, he's a communist who thinks he's a libertarian. So he's got this major conflict. He quotes me, and talks about Bitcoin, but ultimately the behavior of things. It's one thing to be, hey, let's talk about sound money.

But actually, I've got this platform that's known for its political censorship and and and for doing what the the Communist Party in China asks for when when necessary and and these different things and it's like if you don't behave the same on Friday night as you do on Sunday morning then I don't like you as a person fundamentally in fairness then that not that I make you know That that I want to be the guy defending Jack Dorsey here, but if you believe what Joe Rogan has to say, he's been advocating for free speech on Twitter and he's been overruled by his own board for years.

So much so that he tried to do a spin-off called like Twitter Dark or something like that, where it was basically gonna be a, you know, Twitter and Forchan, where anything goes free speech up voting system, and he was again, he was denied by his board. So I mean, if you believe that story, this is a guy who's been eaten by his own success. He doesn't even have the say in his own company.

I don't know, man, when you're the captain of a ship, if the ship gets out of control, I think that's your fault. Like at what point were the decisions made that allowed a bunch of nasty social justice warriors to be in charge of the whole company? Like these allowed a bunch of nasty social justice warriors to be in charge of the whole company. These are a lot of little decisions that led to that at some point. And so I think he's got to own that.

And I really, I think that's a lot of lip service because I think in theory, he doesn't want to lose his street cred as like the cool guy with a nose ring. So who's? Right. It's just the whole thing. I'm going to be this disruptive libertarian guy, but I'm also very San Francisco and everything else. And it's just that it just, they can't be both. And he didn't choose. So he's been writing the fence for a decade, trying to make Twitter outside of Twitter as a chance to make it right, though, which I

am excited for Jack Dorsey's second act. If he can come out and do what he wanted to do, if there's a chance to do a secondary You know social media channel that that promotes free speech. He can he can save his legacy And we'll see I don't know the thing that he pretty much put out there and I that my question is how big of a concern is Making money to him or increasing his net worth because I think his net worth is about 12 billion dollars somewhere on that And he said that he'd want his sole focus now to be on square. And obviously everything that Square is doing in the crypto space and it's gonna be backed by Bitcoin.

And I mean, he, Twitter, I think, is down double digits percentage is here. He looks at someone like Zuck, who's worth over $100 billion. They're up 20% this year. And he looks at Square and says, that's a better opportunity to make more money. How much of a motivation is to basically

increase his net worth? It's hard to know. I think Square, you know, Square's a big proponent of the Lightning Network and the whole BTC narrative. They're part of what's called the crypto open patent alliance, which I think is another nasty cabal of people that just want to control things similar,

like connected to the very silver people and all of this. Like, there's a group of people that want to, again, pretend that they're disruptors, pretend that they're libertarians, pretend that they're gonna do all these big things, and ultimately it's like, yeah, but everybody behind me, like, yeah, I'm going to lunch with world bankers and doing all this other stuff.

And really, I think it's a lark. I think the whole thing is like, look man, I'm cool. You can use Square and pretend it's Bitcoin and all this stuff, but keep using Square here. I think you can money now. But also all of our employers are gonna have critical theory training and yeah. It's right.

So, so let me tell you, let me tell you what I just did right now. While you guys were going at it, I was doing a little bit of research. Can you pull up this article? Typen Jack Dorsey says Trump's Twitter ban was right decision. This is an MPR article. I wanna read this to you.

And then I wanna answer a question about what you said and what you said that you guys made me think Trump's trumos. Donald trumos from Paris. Nice, great point. Right there. So check this out. Trump's tramos tramos from Paris So check this out so you just said you just said you brought up You know him you know he's the captain its ship. He's got this option all this other stuff And you said Rogan etc. It says look. I'd love to have some kind of a second option You know Twitter and I remember when that conversation took place

What percentage of Twitter do you think he owns? I don't even know. I want you to guess it. I want you to guess what percentage do you think he owns? I find a spitball. I'd probably say 20 or 30% 30% 30% 30% 30% what do you what do you think he owns? I'd say a little less than that. Okay.

So here's what I want you to type. I want you to type Jack Dorsey. Total shares of Twitter and look what comes up you guys are all gonna be shell shot Jack Dorsey total shares of Twitter. Okay, Twitter Twitter Twitter. There you go ready 22 million shares, which is only 3% of Twitter 3% he's in nobody So here's what this means when you're 3% okay Steve Jobs got fired even though he own most shares Yeah, when you got a board the board is a board you ain't got nothing you listen you you can be whoever you are so for us to go that position I

don't think he has as much influence as you think he does to do what he did with Trump or all this other stuff he may have an opinion I don't think it's a good idea but the board is gonna I'm in these board meetings all the time and believe me I kind of know how these things work so not go to the other article what he said about trump so uh... uh... so uh... jack dracy was uh... says trump's twitter band was right decision but worries about president so go down and see what he tweets out he says i do not celebrate or feel pride in having

uh... to ban uh... down on for twitter or how we got here after clear warning we take the uh... this action we we the board made a decision with the best information we had based on threats to physical safety both on and off Twitter was this correct and he opens it up and people are going back and forth, yes, no, maybe whatever. Now, deep down inside,

did he want to take him off or on? I don't know. Did it make sense to do it or not? I don't know. Was most of his board probably an anti-Trump board, I would be willing to bet 99% of the board can't stand Trump. I don't think they're going to have a, for example, Kellyanne Conway sits on Twitter's board.

That's probably not going to be happening anytime soon, or Ted Cruz, or any of those guys. Is there a part of it where the guys got a difficult job? They started a company that that to be honest with you is probably one of the most powerful companies that determined elections. You go immediately find out what debates are taking place, issues taking place, immediate reaction. It's a very, very powerful.

It's kind of a pulse of America, right? I don't know, I mean, it's a pretty powerful company. You know, Trump wouldn't become a president without Twitter. Take Twitter out, Trump's not the president, just so you know that. Yeah. If Twitter's not there, Trump's not the president. Hillary Clinton's the president. So for the people that hate him as much as they do, you may want to

think Twitter because without Twitter, there's no Trump Hillary Clinton would have been your president. That's one part. Now, what he does next? I don't know. Uh, you know, whether he is a communist, whether he's a libertarian, I have no idea what next moves he's going to make. I, the real question now becomes, who's the next guy taken over and who sits on Twitter's board. Can you pull up who sits on Twitter's board? Well, it's interesting that you say, you know, that he was nobody too,

because his first time on Rogan, it was really off-putting. I forget her name, there was a woman, very, very intelligent woman, but it was very clear that she knew the day-to-day operations, what was going on behind the scenes and the decisions being made, and he didn't. He kept deferring to her to answer Rogan's questions. Okay, so because he wasn't the CEO for like five years.

All right, so check this out. So here's the board of Twitter, Brett Taylor and the Pen and Board Chair, President and Chief Operating Officer, Salesforce. Okay, cool, so that's from Salesforce. Salesforce is Mark Bennehoff, Mark Bennehoff, by Time magazine. That's an anti-Trump guy,

that's a liberal left side. Parag Agrawal, we know what position he's at now and where he was at politically. He is not necessarily the biggest supporter of freedom of speech. I don't know if you guys seen what he tweeted out about freedom of speech. Have you seen what he said about freedom of speech?

He's conflicted with freedom of speech. He doesn't think it needs to be as open as possible. You may want to pull up his name, type in Parag Agrawal, tweet, freedom of speech. It's kind of not a gray area conversation, or either for freedom of speech, or you're not for freedom of speech, tweet, speech, tweet, pull that up.

So this is the board. Okay, go, the ones on the other one said to come, okay, there you go. Click on that one right there, Fox Business, the bottom. He says, one said, not to be bound by, okay, keep going up, keep going up, keep going up, go up a little bit higher, so we find a tweet. Okay. We just don't know what's going on, we just don't know what's going on, so we just don't

know what's going on. Keep going higher, safe, we can. Three percent. All right, go back and just go to images. Go back and type in images, it'll come up if you type in images. He sets off. If they are not going to make a distinction between Muslims and extremists, then why should I distinguish between white people and race? That's a little bit concerning by the way, right? So click on that, click on that. That's a little bit concerning. If they are not going to make a distinction

between Muslims and extremists, then why should I distinguish between white people and racist? So the verdict is still out. We don't know who this guy is. Anyways, the board chose him. Jack Dorsey did not choose him. The board chose him.

Now Jack says in his email, this was my first option as well. This is who I wanted. He's my first round draft big. Go back to the board of Twitter. I'm actually just curious right now at this point on who sits on the board. So I know you got Mimi, Senior Vice President, private partnership, Admaster Card.

Okay, cool. Jack Dorsey got it. Which by the way, in May, he's stepping down from the board as well. Co-seal at Silver Lake, you know, hundreds of jabs on Lucky Voice Group, former co-founder, managerfounder managing director of the last minute who got it to inform that is a executive former executive chairman of

twitter colt professor at stanford make sense good university general pardoned the center of the line that you know that's a little bit of the way faithy faithy lee who's at faithy lee make sense cio for some of the ink uh... former chairman board of directors at Alliance Bernstein hold and come Okay, so that's who how many people in total? I think it's it's either nine or eleven go up. Let's see one two three four five six seven eight nine It's nine okay is there How many is important distinguished between nine versus eleven versus seven is a difference three five seven nine eleven thirteen fifteen

It's it's whatever the odd number. It's always an odd number. It has to be kept even. You can't even give up. 97% of their company. That's like, that's, that's if you keep raising a lot of money. Well, you have to know here's a question for you.

What is the business model for Twitter to make money? You actually think how many times have you spent money on Twitter? It's only advertisers. Yeah. Okay, so you have to know the business model isn't really a business model. Like the sum of selling information. You need a lot of money. They need a lot of money. So, data, the new current who sustained like, what do you think YouTube

was sold for? Do you know what YouTube was sold for? Billion dollars. Seven was more than one billion dollars. It's a big enough to be an hour. So because YouTube eventually got so big where the guys didn't have advertising figured out, you don't have capacity for servers. It keeps crashing. So you're like, dude, I'm gonna go raise some money. You can't afford to do this anymore. So I'm not surprised it's worth 3%.

So Jack Dorsey is not as influential as people think within Twitter community. That's the point I'm trying to make with. Or so the bigger lesson is the founder is not as influential as as you would assume Depends at what he face at one phase it really depends on the company structured why it grew into what it did Then this is why I would I would again put the put the pressure back on Jack Dorsey though and say hey man The company looks the way it looks because of your executive leadership over the last 15 years.

You know, like that's again, nobody in Russell Brook has never sold a drug in his life, but he created a platform where people sold drugs and arms and now he's spending the rest of his life with Jack. Yeah, nobody's saying the onus isn't on him. You know, like yesterday I'm talking to Jack Carr. I don't know if you know Jack Carr is the Navy SEAL who wrote all those books in New York time best sellers. And I asked him a question. I question i said okay so we talked about

afghanistan i said here's a question for you i said take the general the army the general air force the general marines did you take all the main generals of whatever the four branches are that we have right and the president commander chief says let's get out of afghanistan. You're on the ground and you're saying, they're saying the right strategy, right? There's no way this is the right move we're making. We're gonna leave all this shit to the Taliban. They're gonna come and ruin people's lives

in Afghanistan. 20 years we've been working here. I said, but here's a question. No, no, that's not the question. The question is, nobody becomes the general of the Army marines air force or navy and you don't have a strong personality nobody and by the way the general of any of these organizations

it's not like you're a yes-man person right you sit there and say i'm sorry guys this is a shitty strategy i'm gonna have to push back hey president this is not a good move i'm telling you my suggestion as we do this, right? There's gotta be push back. You're no more than a president does. You're trying to tell him,

here's not the right move, right? Okay, but the President says what? Here's what we're doing. To me, this becomes like, who is really running a company in Twitter? Is it the generals running it? In this instance, if you see Twitter's interview with Jack and the other lady that was there, it seemed like the operators are running it, this instance if you see Twitter's interview with Jack and the other lady that was there

it seemed like the operators are running it jacks not really as involved he was more to figure head so sometimes you're more distant you no longer have the kind of influence that you had you just kind of are there on the board because you have certain special information that maybe others don't have but you kind of like listen it's cool Jack and Jack's more saying what are you guys saying what are you guys saying what are you guys and what right on what to do? So I don't know. I don't know how much of it is him running it I think this was kind of coming It'll be interesting to see what this guy does next. He's definitely not gonna be going away I don't think but we'll see anyways

Let's go to the next story here. You guys saw what mr. Beast did I don't know if you saw that or now YouTube star mr. Beast created a real-life squid game set and have people compete for YouTube star Mr. Beast created a real life Squid Game set and have people compete for $456,000, which is ridiculous. If you haven't seen this video within four days, the video got a hundred million views in four days. Now here's a budget that they had. Can we play any of it? No, we cannot.

No, we cannot. YouTube star Mr. Beast shared his recreation of Squid Game, which included full scale sets. You can put up the images so people can see it. Cost costumes that look just like the ones in the show and a total cost You ready three and a half million dollars to create the exact set This is a squid game Netflix most watch show of all time is a Korean drama series about a group of morally great characters So took part in children's games and deadly twists in order to win enough money to pay their debts Everyone in this video game wore costumes inspired by the show including Mr. B. who was wearing the game, masters black clothing. Mr. B said,

$3.5 million was spent on a real life squid game, which was partly sponsored by video game Brawl Stars. He said on that, he spent around $2 million to build and produce a $1.5 million on prizes for the recreation. FYI, you saw the tweet, Kai sent us to us yesterday. He said, Squid Game got some 85 million viewers that watch it on Netflix or whatever it is. He said, Mr. Beast got 20 million more viewers than the show did. Just 30, 10s.

Craziness when you think about that. What are your thoughts on that? I think Mr. Beast is, he knows his audience probably better than almost anybody in the space. He's incredible at understanding his audience and he has a great team around him that's able to capitalize on the moment. You would think like, you know, Squid Game,

when you do these kind of meme things, you gotta be like right off the way. And we were like, because Squid Game was a story weeks ago, but for him to do it, it was also the way that they pulled it off if you watched it was incredible Man, I mean like they watch his video. Yeah, I was incredible. I haven't seen it. Also, I'm gonna state for the record Squid Game remarkably overrated Communist propaganda

Anybody old enough to have ever seen you know running man understands the concept. I mean this was but but that's nothing other day Mr. Beast you are indeed a beast. Incredible. Well, now, my big question becomes from a from a philosophical standpoint. I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I can say, I to have a subscription model with paying viewers as opposed to an ad revenue. Here's that's a great question and we can kind of transition that into mafia states of America. This is what most people don't understand

when it comes onto YouTube and ad sense, right? So what he produces is a 100% qualified for ad sense, which means what? Per million views he'll make, you know, eight to 12,000 dollars. Probably a lot less to be honest with you. Plus the heavy demographic, per million views he'll make you know eight to twelve thousand dollars probably a lot less to be honest with you because the heavy heavy

democrat the demographics of his worldwide audience the cpm is going to be way less well but in u.s. let's just see so let's just say seven thousand dollars put it a seven thousand per million views yeah seven thousand dollars per million views here's a thing we let's say people think by the way say say we do mafia states of america what do you think the at-senses on that?

What do you think the at-senses on that? Nothing. Do you know why? Who the hell wants to advertise a coffee company on a mafia killing each other? I kill making people. You know what? Pfizer's gonna endorse their vaccine on our video. You know, oh, Ford's gonna come and advertise.

That is the part where people don't realize how at-sense works. He's got an at-sense machine going on right now. He's crushing it doing a great job at it. More power to him. Love seeing what is taking place. I spoke at a school two weeks ago or whatever was veterans. I don't know what veterans there was a couple weeks ago. I can't tell you how many kids today who are eight, nine, ten, eleven, twelve years old say what do you want to be when you grow up? I want to be a YouTuber. I can't even tell you. Can you imagine how it's grown up? What do you want to be when you grow up? I want to be a YouTuber. I can't even tell you.

Can you imagine how it's grown up? What do you want to be when you grow up? I want to be a cat guy. You know what do you want to be when you grow up? I want to be whatever. Today I want to be a YouTuber. So that leads me to Adam's favorite story which is very important for us to cover.

Woman allegedly breastfeeds cat on Delta Airlines. Guy, by the way, this is not a satire story this is not I thought I thought we agreed not to a path I thought we agreed not to cover the Donna story FYI this is a newsweek story yeah this is not onion this is not like a babble on beat. This is news week, credible newspaper. Woman on recent Delta Airlines flight allegedly began breastfeeding her cat, a pet, a mid-flight, and refused to stop after getting caught. The image circulating online describes, by the way, can you pull up this image, the supposed event in what appears to be a screen capture

of a message sent US aircraft communications addressing the reporting system, which pilot used to transmit short text-based messages to the ground. The message reports at a passenger in C-13A's breastfeeding cat and will not put cat back in carrier in response to requests from flight attendant, the message adds that the situation be addressed by the airline's red coat team upon landing. Delta describes members of the team as a lead airport customer service experts who are specially trained to handle on the stop customer issues and now how do you train this? How do you say well guys if you ever explain how that works? Let me take it over from here, buddy You breastfeed

Men also have nipples there as well. So, nipple's your egg. Did you milk me? All I'm saying is this is my kind of lady. This is the type of lady that I meet at the cat conference that I go to when I was in here. Somebody find this girl by the way. And they're just, somebody find this girl.

All I want to say, she was in 13A, I wish I was in 13B. We would have had some covers, some emotional moments. It would have been a wonderful moment so we'll throw some covers some emotional moments It would have been a wonderful moment. This lady is a hero and she's being Scorned and shamed in public when she's just trying to feed her down Well, whoever got like Not long enough So there's your story you wanted it we cover. Thank you. Are you happy? Yeah. Now let's cover your Lebron story. Now let's cover your Lebron story.

Lake or Lakers Lebron James gets Pacer's fan ejected and returned from suspension, which you know, what a sweetheart of a guy Lebron is. This is a New York post story. Lebron James just can't stop getting ejected from games this time two fans in his first game back from his one game suspension for bloody and pistons forward. Isaiah Stewart Lebron had a couple of Pacers fan ejected from Los Angeles, Wednesday night and Indianapolis. Lebron brought the referees over to two fans sitting courts out again, a bridge field house and angrily pointed at them yelling this one right, F and here, the fan, a young man and a woman were then asked to leave with two minutes and 29 seconds left. And over time, when obscene gestures and language

come into it, it cannot be tolerated. There's a difference from cheering for your team and not wanting the other team to win. And things I would never say to a fan and they shouldn't say to me. So this is Lebron saying that Adam, I'm gonna go to you first since you're a diehard Lebron fan. I'm not a diehard Lebron fan.

I do respect greatness. Heavy is the head that wears the crown. No disputing there. Okay, so'm not a diehard LeBron fan. I'm not a diehard LeBron fan. I do respect greatness, you know, heavy is the head that wears the crown. No disputing there. Okay. So you know, he's a top five best player of all time. Top two. Okay. I got Jordan and LeBron. I got him. And then maybe you got Kareem in there. That's me, but in my opinion, I don't even know. The story with subonus. I mean, you would have him in your top. I mean, the subonus greatest passing big man of all time. Thank you for that Jersey. But don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know.

I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know.

I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. I don't even know.

I don't even know. I don't even know. I don't even know. I don't even know. I don't even know. Yeah, full on these two, these two. How bad was it what they actually said? Can I ask you a question? Yeah. Okay, here's a question for you. All right. So how much of it is self-inflicted? How much of it is self-inflicted? How much of it is just fans being fans?

I mean, I've been to games where you're hearing people calling out fans non-stop in the ugliest ways, right? So one, how often do you hear a story like this about Steph Curry? You don't. How often do you hear stories like this about Mike Trout? You don't. He's the best player in MLB.

How many times do your stories like this about, I don't know, pick the name of whatever, how many times do you hear the story like this about Ronaldo? How many times have you heard the story like this about pick any of these stories? Sure. So then here's what the next thing I say to you is in the last 40 howdy 40 40 years old okay about to be 41 on February 4th which is like 41ish but 40 right now so

how many times in the last 30 years of watching basketball you've been watching basketball for how long 30 years my whole life last 30 years who have been the face of the league last 30 years Is a Jordan Kobe and Shaq and maybe you had you had since the 80s you had burden and magic Sure, then Jordan took over. Yeah, then you had Kobe Shaq. Okay, Alan. I was supposed to face believe for a quick For a they didn't want him to be the face of the league. He was yeah, he didn't want to practice. That was a problem So we're talking about practice. Yeah, so but good So, and then you had some dirt for a hot minute, you had some, you know, the hedels.

They're always never to face it, a leak. Dirk just want to check. For a hot minute. No, I agree. I agree. He's an underdog one championship. I love what he did when they were making fun of him choking.

Garnet, Garnet, not really. So here's a point, guys, we're not going to debate this freaking dirt being a face of the leak. Holy shit. I'm the Nick van Axel. I said, we're not gonna debate this freaking dirt being a face of the league. Holy shit I'm the Nick van actually Freaking say the alternatives to face it. I come back here. So here's the question. I wouldn't vote for Trump Best meme by the way There's a question for you. Which face of the league have you ever seen go up to reference the take these two guys out?

Okay, well let's just get right to the comments. Let's just say what the comment was. Which who said that that was said? Well listen, okay, at some point you're just gonna have to believe what you think, okay. Let me just get this off my chest. Allegedly the couple and then it was the girl that gave the little powder face.

First man, she said, I hope your son, Bronny James dies in a car accident. Good luck shooting your free throws, buddy. So what? Okay, but at some point you as a father, you as a father of two kids, at some point you suck fuck you, doesn't just rolls off your back. You now you want my kid to die in a car accident at some point It's so many times adamant and okay Here be out here be out at some point though at some point people have to learn Like some of the like the comments that people make online and they just go there a little keyboard warriors

And they just go off to regularly, you know normal work and they just Blast beam whoever they want at some point you have to pay a price for talking stones. May break my bones but he's worth the billion dollars. So the freaking- So he can't have feelings. No, he's got any more. What the thing is this- He's a robot.

He's a robot. Poor poor LeBron, I hope he recovers. The thing about him is now everybody in the world knows he's listening to what's being said. He just made it a thousand percent worse on himself that every chirp that he's always heard now people know he's here And he's listening to him. It's the worst thing I've got news for you buddy. People got ears And if I say hey Kurt, you're an absolute piece of shit. You're gonna be like right here running you Like on an infinitesimally like we love ears on an infinitesimally smaller scale

I played mind only baseball 10,000 people are not this infinitesimally smaller scale I played minor league baseball 10,000 people I know this is infinitesimally foolish. You look brown you in the minor league so you hear everything they're saying You hear everything they're saying. Potion Okamoto's Jesus and you look brown playing in front of fans. Dude, I'm exactly, I get it. You hurt when you were sitting on the bench in Community College football you heard what these people were saying about you bro But you have to and I said these two right here. They gotta go to let it go. I got something in two minutes.

So make your point where we have point is this one, you either let it go completely or two year LeBron James and you have something funny to say where it's like he won't get an accident because I got a four drivers. Like or something like that. You you think that people didn't say this crap to Kobe. You think they didn't say the spike Lee and Reggie Miller for people that are younger and don't know what it's like to talk shit Look at what Reggie Miller did with spike Lee with the New York Knicks in the playoffs all these years

Spike Lee was saying everything possibly could Reggie would hit the three and go right up to him and said I want for you bitch And that's how you play and that's why I played I played for you go go on all the way mr. Every all this shit you want These people okay the most horrifying thing. So here's my question for you. Is there anything that anybody could say that is grounds for dismissal to be kicked out

or anything they could say is fair game? From the players, anything that somebody could say to say, I know. It's not, bro, so you're not saying. So nothing. If they called them the N word, then what? If they did that, you would hope

that somebody else would take care of it. But if they don't, who cares's a word as soon as you're They don't touch you as soon as they as soon as they touch you. It's on but words LeBron James needs to be protected from words now Words it just makes them looks off. I'm not a big basketball fan, but I saw that I was like ooh Like this is just it was not a good look for him I'm not I'm not and was like, ooh, it's just lame. It was not a good look form. I'm not saying that he should have done it,

but I'm saying at certain point, it's crossing the line. It shows weak father. And it's going to invite more of that. You get a lot of shit talking to you, probably more than you deserve. Probably more than you deserve. Could they make something bad?

Let's hear it from a father. You get a lot of shit comments, stupid shit online. Everyone's tough, behind Twitter, everyone's tough on YouTube, but the toughest people in the world, YouTube commenters. But at some point, someone says something about Senna. At some point, you're gonna hold up. What? Like, as a father, how do you respond to this?

Okay, so who's, so basic rule? Anyone, anyone's fan? That's not how life works, it's not how life works. How would you interpret it? If you say it, this is done. We have a problem because you are in the circle. Of course. I have a problem with you.

You're not gonna like it. If you say anything like that to me. If you say it. If a guy off the street says it, what do you want me to do? If a guy off the street says it, I had a couple choices. I can whoop his ass. I can get into, make a few calls and make that guy's life a living hell. Okay.

I can do all of that. And if I do that and I go to jail, then my kids not gonna see me for two months. So he caused me to lose two months with my daughter's life. I don't know if it's worth it. But if somebody on the inside says it, it is what it, you know, we can have a prompt.

Now let me continue. We have something called Twitter. I don't know if you've been to that website. There's a guy that was running the New Jersey three percent of the owns it. Yeah, yeah, Twitter. I don't know if you've been to that website. There's a guy that was running in a jazz door. He's three percent of the owns it. Yeah, yeah, yeah. So this Twitter website, you know what things they've said to Obama about Trump, about anybody.

And you have a gun, read the comments. It is brutal, right? Toughest people in the world don't care. He can't take it. If he can't take it, I mean, buddy. I think, listen, is that the worst comment ever made in the history of basketball? No, not even close. How many times you think people probably called somebody ever made in the history of basketball? No, not even close.

How many times you think people probably called somebody certain words in the 80s, 90s and Michael still went out there and won the game? So Boston too. Yeah. I don't know. All I'm saying to you is, all I'm saying to you is this sets the precedence that censorship is now going into games and sports. Period.

You got to sit there and be like, mm-hmm. Right. You know what I would like? I would like, I don't like that. I would like the people that made the comment because I think they did make this comment to have a conversation. One we invite them.

Can we, can we see? No, we'll hold it then. No, no, no. Let's invite him to the next podcast. Sure. Can you do that? And just say, how would you get a hold of these? Yeah.

Sayings a comment like this. We'll do that to make you feel good about it and then we'll go from there anyway should be held account help exactly told i don't think it's the bronjames who should be the guy i feel you on that but at some point the shit talkers they gotta be this this is you they gotta be sure i come from this is where i come from say i'm in a place okay guy in a girl of fighting guy slaps her in the face.

If a guy hits a girl. Guy hits a girl in the face. What I'm saying to you is I'm gonna do something about it. So if somebody around them is sitting there, guys say something like that, I'm gonna be like, what is the freaking matter with you? Like in the stands. I'd be sitting next to you and say,

what is the matter with you? I agree. Are you freaking stupid? I agree. I would call you right now. 100%. We would have a problem. So this is where we're in on fan. Yeah, let the people handle it

So if people around them didn't say anything, you know, those in four those are the people that are anyways, hey We don't have podcast Thursday. I'm in Dallas, but I'm in podcasts. We don't have next podcast gonna be Tuesday Less than Kurt for coming out here with you. Thank you for your Disagree this was a lot of fun. Thank you, thank you, thank you. My man, yes. Can I just say thanks to the value tainers that drove over an hour to see me on Saturday.

That was a nice, 60 people that came inside. From four different states, the value tainers man, two from Delaware, two from Long Island. That was in Pennsylvania. That was nuts man. Love you guys.

That was, that was really, really homely. That was dope. Thank you so much. You said you had an announcement on Mafia stage. No, I mean, it's just Mafia stage comes out Friday. Yeah. Pretty big announcement, Pat. Three, 99th episode. We don't get absence.

You want to order a do-so. There's going to be many short clips. And later on, our strategy known the direction that YouTube is going. This is one thing that most people don't know about. Last year, we used to get, we were doing a lot of interviews on what he called it vaccines and all this stuff. We had about 40 to 60 videos that I've been taking down. Well, let me comment on that because I saw you say this.

Let me say this, but I want to hear you say a couple words on that. We had about 40 to 60 videos taken down. We have a completely different strategy on the direction we're going. An investment we're making right now on OTT, long term. Mafia States America is going to be one of the projects that is gonna be on the OTT, that's the route we're going. So we have to take this route and AdSense is not gonna pay for it.

So for some people are like, you should just put it on YouTube is gonna make the money back. It's not going to make the money back. We would have easily done that. So having said that, go ahead, you're welcome. Yeah, so I saw the podcast, the emergency podcast that you did while I was sitting on the plane, man. That was, that was intense.

Yeah, I was intense. But then I read the comments, and I got to tell, I love the value-tainers, and I don't think a lot of those people that were making those comments are value-tainers, because here's the thing. As somebody that's watched every single second and was there for every single second of this thing being shot, there are things

that are gonna be so newsworthy in this. This is history being made, and there is no way YouTube would let it sit. All I can tell you is that there's no way, especially episodes 45 and 6. We can't even tell what it is. Especially episodes 45 and 6, you told the last one.

The last one, last one. There's no way YouTube would let this be up. You think YouTube would let this be up. You think YouTube would have taken it down. I'm telling you, I'm telling you, if people have been following me for years, no, I've been shadow band, you saw it. You didn't believe me and I showed you it. What do they look like?

I don't know you're talking about that. Yeah, exactly. So, I'm telling you, if you guys want this to be real, if you want the P.B.D. pockets, you want people like Patrick Adam, myself myself to be able to hold a mirror up to the powerful until they cannot help but see what they've become, you guys got to support us in this way. And the way that you support us is by giving us the power to have a voice outside of them where they can shut us down.

So it's bigger than the product, Pat, to be honest with you. It's a great product and it stands alone, So it's bigger than the product, Pat, to be honest with you. It's a great product and it stands alone, but it's bigger than that. We need your support so that we can continue speaking truth in this time of heightened sensitivities and heightened censorship. You know, you made a great point and I will tell you, the true believers of value-taming,

they're all in. The true messaging and the notes we've gotten and the amount of people that have already ordered it, they're all in. Friday, release, 8 a.m. First thing in the morning. I can't wait to see those who binge watch all 10 episodes and we follow it. Hashtag Twitter, Mafia States America on Friday, we will release three of the chapters on value payments.

So you guys will get a chance to see it and there's going to be a bunch of short clips free that will be out there. But everything's going to drive back to mafia states of America you can order all 10 episodes for 399 a pop Which is 399 99 have a great week everybody happy Thanksgiving. We'll do it again next Tuesday. Take care Bye bye bye bye bye. Thank you you you