Tech Over Tea - The Sleepy Cast - Tech Over Tea #18 - AureusDenarius

Episode Date: July 2, 2020

Today's guest on Tech Over Tea is a man by the name of AureusDenarius, he is a fairly new content creator on LBRY with a focus on the history of money and more general useful real world economic advic...e whether that be about how to purchase crypto or save a bit of extra money. ==========Guest Links========== LBRY: https://open.lbry.com/@AureusDenarius:7   Twitter: https://twitter.com/aureus_denarius ==========Amazon Affiliate========== â–º Buy Anything: https://amzn.to/3d5gykF ==========Support The Channel========== â–º Patreon: https://www.patreon.com/brodierobertson â–º Paypal: https://www.paypal.me/BrodieRobertsonVideo â–º BTC Wallet Address: 1Aokiv3pFQXUEmh2LbzZQAwxMvq6bpT2UN â–º ETH Wallet Address: 0x80451867c86bdf08c3888d407c1e3fcb6add61ed â–º LBC Wallet Address: bLRN9fm17sCexKfgbYqmMj5xskZF2ogpEh ==========Video Release========== 📚 LBRY: https://open.lbry.com/@TechOverTea:3 🎥 YouTube: https://www.youtube.com/channel/UCBq5p-xOla8xhnrbhu8AIAg DISCLOSURE: Wherever possible I use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation. I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and related sites.

Transcript
Discussion (0)
Starting point is 00:00:00 Okay, welcome to episode 18 of Tech FFT. I am as always your host Brodie Robertson and today we have a special guest on the show. I've actually been a big fan of his recent content lately. He's a very new creator on Library. He's making mainly content about the history of money, based on what currency is, various economic sort of videos like that, economic education videos, and his name is Arius Denarius. Welcome to the show. Thank you very much. I appreciate you having me. And can I just say, before we get started, you really gave my content a boost at the very start,
Starting point is 00:00:37 so thank you very much, and I appreciate that. Oh, no worries, man. Your content is really good. So it's nice to see good original library content, because there are good library creators, but a lot of them are existing creators who came over from YouTube. It's nice to see good content that is actually coming out first on library. Oh, thank you. Yeah, I didn't really do much in the way of videos before, but I mean, I've kind of messed around with the library platform before as a viewer, but nothing in terms of actually producing anything and never really did much with YouTube.
Starting point is 00:01:13 So I thought I might as well dive in. So how long have you actually been using library, not just as a creator, but actually just using the platform in general? Oh, maybe four or five months or so? Okay, that seems to be when most people ended up joining. I joined around December, I believe it was. I mean, it's... I'm trying to think where I first heard about it from.
Starting point is 00:01:40 I think it might have been through Scott Cunningham. Do you know his work? Yes, I do, yeah. I've spoken to him a few times over DMs. I do want to bring him on the show as well. I think he would make a really interesting guest. Oh, for sure, yeah. He seems like a nice dude as well.
Starting point is 00:01:54 Yes, I think I was... Sorry. ...with his videos. Sorry, go ahead. No, I wasn't going to say anything too important. Go on, what were you saying? No, I was just going to say that I read a lot of published 0x articles, and I think I saw him come up,
Starting point is 00:02:09 and that's where I maybe first heard about him, and then through him, I heard about Library. Oh, yeah, okay. That makes sense. So for me, I was already an existing creator. I think I started around July or so last year, and then I ended up having a few people from the library end up sending some comments to me and be like,
Starting point is 00:02:28 hey, come check out this other platform. I came over. At the time, it was a bit worse than it is now. Any complaints you have now about the platform, they were worse a couple of months before you joined. But it's a good platform. I like it. It's got some work that needs to be done on it,
Starting point is 00:02:44 but it's definitely a good platform. It is, and what, I like it. It's got some work that needs to be done on it, but it's definitely a good platform. It is, and what I really like about it is that it doesn't lock you out of monetization straight away. YouTube now has what, you need 1,000, 10,000 followers or something like that? It's 1,000 subscribers and 4,000 watch hours, and the 4,000 watch hours need to be in the last 12 months. Compared to what it used to be, it's definitely a bit of a barrier yeah it's it's a bit of a barrier but um i think a lot a lot of people make a bit more of a fuss
Starting point is 00:03:17 about it than they really should be because when you have less than a thousand subs the amount of money you're actually going to make from your content is very very minuscule obviously unless you have something that is like a a massive success you're going to make maybe maybe a dollar a month if you're lucky yes that's a good point actually and if you have a tiny channel maybe two or three subscribers you could turn on monetization maybe get your friends and family to click for you and try and right the system a little bit like that but even so it's going to be for a like tiny amount well yeah it i don't know how much you could really convince your friends to click on a video for you when what a thousand views in america i think is six and a half dollars right now if you're on like a high monetization channel
Starting point is 00:04:06 yeah definitely wouldn't work so well but YouTube actually does depending on the sort of content you actually do raise up the monetization rate you're at so if you were to do the content you did minus the crypto stuff on YouTube you would actually be on like a 10 plus dollar CPM the crypto stuff on YouTube, you would actually be on like a ten plus dollar CPM. The crypto stuff would bring you down because YouTube isn't really a big fan of that but economic stuff actually does pretty well. I knew they hated crypto content, they've been on a mass stream of bans lately. Especially around, just before you joined as well, there was the uh the Crypto Purge on YouTube around January, December I believe. Oh I've had a few of them now. It's so many demonetizations. Gotta be a bit more specific when I talk about Crypto Purges now.
Starting point is 00:04:59 Well I'm sure we'll have a good dozen more than this year. Oh yeah no, no worries about that, especially, especially as uh more countries are starting to pay a bit more attention to it rather than just let it be something that people are just they can go deal with themselves once once people actually start paying a bit more attention to it especially the government started paying a bit more attention to it that's when you're going to start seeing some changes that's for sure oh definitely definitely definitely um i mean would sure i think what was it was trump saying according to this guy bolton i suppose uh that he was planning maybe a ban on bitcoin i didn't hear about that
Starting point is 00:05:38 yeah i think i think that you know the uh i forgot what his role was, some big war dude, John Bolton. He was fired by the Trump admin, and he is leaking all this classified information, and he's trying to claim that Trump said he wanted to ban Bitcoin outright. Yeah, I haven't heard anything about that, so I don't really have much of a comment on that, but that would be a bit of an interesting turn, that's for sure. Oh, absolutely. Absolutely. Because once the US does it, then a lot of other countries will probably tend to fall in line. Now, obviously there will be ones that ignore the US, especially their...
Starting point is 00:06:21 What's the word I'm thinking of? The... their uh what's the word i'm thinking of um the the countries they're antagonistic with what's the word for that why am i blaming on this word uh me too um you know what i'm talking about like countries like china and russia adversarial yeah there's something like that anyway the countries like that they're obviously not going to follow along suit with what um with what the u.s does unless obviously they saw some some value in doing it themselves but places like australia canada they would end up following pretty pretty quickly along with what the u.s does i believe it's at least partially banned in China and Russia already. Okay.
Starting point is 00:07:05 So if it was in the US, I could see them just making it completely legal just to say, F you. Let's hope that doesn't happen. I don't have a ton in crypto right now, but let's hope that doesn't happen. No, I can't really see it happening. You can see they probably want the taxes on it too much, so they'll probably try and put all these different regulations in it instead of banning it. Yeah, that seems like a more likely outcome for sure.
Starting point is 00:07:39 Because even when you do a crypto trade, let's say you went from Bitcoin to Ethereum and then back again, that's a taxable event. So you're going to pay taxes on that, even though you're already losing a chunk to fees and so on. I know they have no way of actually tracking whether you do or not, but I'll leave that at no comment. Yeah, well, there's definitely ways they could track it a bit more than they do. It's not like the Bitcoin blockchain is private or anything. You can very easily track every single transaction that happens.
Starting point is 00:08:12 Exactly. It's just tying it back to the person who actually made the transaction that could be a little bit more complicated. As soon as you identify who they are, then it's much more easy to follow along. And I'm sure that every government in the world will very, very happily take the tax income that they're missing out on right now. Oh, without doubt. And I think it's only going to ramp up
Starting point is 00:08:36 because did you hear the announcement yesterday? I think it was. So PayPal and Venmo are now looking to start offering crypto services. You'll be able to buy a Bitcoin directly from them. I heard something about that a few months back. I didn't know that was actually happening now. It was rumored for a while. I think CoinDAO announced it yesterday. So it seems to be happening. Okay, well that's an interesting turn for sure
Starting point is 00:09:06 because it's definitely gotten a lot easier to buy Bitcoins, that's for sure. I'm still fairly new to crypto, so I wasn't around when people were using some of the older exchanges, but I've been... I'm blanking on words. This is going to be an interesting podcast.
Starting point is 00:09:22 We're both really tired right now. It's just after 3am. Yeah, it's going on 6pm here and I already recorded two videos earlier today. So we'll see how this goes. Anyway, there's apps like the Cash App where you can just buy Bitcoin without even really needing to think about
Starting point is 00:09:40 what you're actually buying. And there's obviously how easy some of the exchanges are to use now. I don't know any American exchanges that are like this but there's one in Australia called coin spot which is a spot exchange that we really don't even know anything about crypto you can just deposit some money in it buy it by some Bitcoin and then having PayPal get involved that as well make it even easier for people yeah Sure, yeah. I mean, uh, Coinbase and Crypto.com are two of the big ones and once you get past the KYC part you can
Starting point is 00:10:11 you can buy instantly. It's like that. The KYC seems to be the thing that turns away quite a few people but I understand why it's there. It makes sense why they have to do it but I can see why some people would but I understand why it's there. It makes sense why they have to do it, but I can see why some people would be turned off by it for sure. Oh, definitely. I mean, if you want to go completely anonymous, completely private, try and find Monero or something like that, because that's what that's for.
Starting point is 00:10:40 Bitcoin, I mean, it's pseudo-anonymous, like we were talking about earlier so if you're hoping to use it to launder money then you could find something a lot better bitcoin's probably not for you in that case yeah if you want to launder money i'm sure like what just it would be easier to launder money in gold to be honest like like at least with gold it doesn't have a like a physical link in the blockchain that you can just be like oh yeah this the bitcoin went from here to here to here to here at least with gold there's a you can move gold around without actually noting down the trades properly exactly if you can buy it cash in hand somewhere somewhere that doesn't make a note of it.
Starting point is 00:11:25 I think some coin shops actually have to report transactions of a certain value, but if you buy trace amounts, keep it in coins, hide it somewhere in your house, even bury it as people are known to do, then they'll never know you have it. Yeah, it always does amuse me. It always does amuse me a little bit when I see like you see various the channel I watch who does a dark web series and
Starting point is 00:11:52 Basically, they'll go on like random Sketchy websites and they'll go across like drug websites and hitman websites and always asking for payment in Bitcoin as if that somehow So as it it's safer than just paying with a direct bank transfer or anything like that. It's not like you're not going to be caught if you did do a transfer like that. The Silk Road guy, the one that's in jail,
Starting point is 00:12:15 I can't remember his name off the top of my head, but didn't he get, weren't you able to verify his transactions to a supposed hitman? I think the hitman in that case was a scammer trying to get some money out of him. That would be most of the hitmen, to be honest. Yeah, definitely. But I think you were able to verify
Starting point is 00:12:35 the transaction he made to try and order a hit on somebody. Well, when you have that much money, surely you've got to do something with it. How much money do you really need? Just start calling hits on people. You've got that much money surely you've got to do something with it like how much money do you really need? Just start calling hits on people. You got too much money anyway, whatever That's not don't do that if anyone here is a millionaire don't actually call a hit on someone that was a joke Particularly not us. Yeah, I'm quite good with not having hit on me. That would be nice
Starting point is 00:13:07 Yeah, I made it this far So what actually got you into making content not just making content specifically about money Just what got you actually making got you into making content just in general Well, it's never really about the money even though my videos are about money ironically it was more i wanted to try and make something that could educate people but be digestible that's why i tend to do shorter videos i don't do maybe two hour long ones as much as i love watching it i think it's easier to get a point across in maybe 10, 15 minutes and have it stick better. And I watch a lot of Mike Maloney's videos. He's very good.
Starting point is 00:13:51 He's got a series called The Hidden Secrets of Money. It's a lot more like what I do, but in a much bigger scale and a much more market-focused approach. So I kind of want to do something more accessible. And I thought, where better to start than just the question, what is money? So that was my first episode. And then after that, it kind of just expanded from there. From what I've seen, you have kind of two different types of content on your channel right now. You have the history of money. And then you've also got your other content which is more of the
Starting point is 00:14:25 uh i guess the general education stuff for things that are important for the real world right now so like how do you buy crypto how do you save extra money things like that but that's at least how i look at your channel no i think that's a good way to look at it i've got a i've got a more historical education focused one and then a more practical solution type. That's a good thing, actually, yeah. The more practical solution was, in my own files, I name it just my general discussions. It's not really named as any proper source.
Starting point is 00:14:59 But if I think of a topic, I'll make a video on it and just kind of freeball it a bit more. But the story of money ones take a lot more planning, a bit of research and all. And you would be surprised how long it takes for me to actually get all those images together and make sure I can actually use them with permission. That would be another big problem, wouldn't it? I didn't even think of that. I try to find as much open source not sorry not open
Starting point is 00:15:27 source what we're talking about um creative commons uh that's the one that's the one yeah try to find as much of those possible maybe go to places like shutterstock and make sure i can download them and all that but sometimes i get completely stuck and just think okay i need a picture of a coin just just go onto Google and it'll do. Hopefully that's okay. If anyone wants me to take it down and change it, I'm happy enough to do that. Yeah, that's one of the things that I think is going to hit a lot of people in a couple of years if Library does stick around. Because there's a lot of people who are doing what was happening
Starting point is 00:15:58 in the early days of YouTube, where they'll just have random music in the background, or they'll use images they don't really have the rights to. And right now, the only reason no one's really coming after people is because library is still such a small platform. But if it does keep growing, it will become a bit of a problem. That's actually a question I'd like to ask you about. So there's the library protocol and that encompasses their blockchain, but then they've got the library protocol and that encompasses their blockchain but then they've got the library website and their platform so what i've heard is and see if you can verify this for me if you take something off of the website or the app you can still access it from the blockchain is that is
Starting point is 00:16:39 that right am i understanding that correct uh yeah so the at least the way i understand it once again i actually so i don't work for the team or anything like that. I just have a direct line to the team. I've talked to them for quite a while about this stuff. So the way that I understand it is you have your application layer, which also has things like your search algorithm and various things like that, that actually, I guess, crawls across the blockchain
Starting point is 00:17:02 to work out what content is on there. And then, because, geez, this is going to be a fun one. So it crawls across the blockchain. And what's actually being stored on the blockchain is basically a link to where the content is actually being, I guess, located. Similar to what you'd have with like a BitTorrent address. So you're not actually storing the video on the blockchain that would be a horrendous use of the blockchain um what instead you're doing is the very big yeah yeah it'd be a little bit uh people have tried it before it's not a good idea you get a really slow blockchain by doing that um
Starting point is 00:17:41 so crypto kitties so what was that crypto kitties Sorry, what was that? CryptoKitties It's almost like a trading card game On Ethereum Trading these little pictures of cats And it completely congested the network And it made the fees shoot up I think it was like $50, $60 At one point
Starting point is 00:18:01 For a single transaction Oh, geez, okay, yeah That's what can happen it gets even worse if you do video obviously uh what was your original question again i don't remember um what's the difference between the protocol and the platform right right okay so the protocol is basically includes the blockchain and i'm not and the protocol is basically the uh the delivery method of how to how the content is actually sent around so similar to how something like basically think of it like
Starting point is 00:18:32 how bit torrent works it's pretty much the same concept and then the the application is the i guess as i said the application layer so you have your website you have the app the desktop app and that's how you actually access the content but if it's being blocked in the application layer, so you have your website, you have the desktop app, and that's how you actually access the content. But if it's being blocked in the application layer, then if you were to have a direct address to the actual content, you still would be able to access it. I think that made sense as an explanation. Probably not. It does.
Starting point is 00:18:59 It does. So it means that Library, the company, can kind of remove themselves from responsibility a bit. They can say, if there's copyright material, okay, we've taken it off our platform, but even if it's still accessible by a direct link, it's not really being hosted by Library. So they're able to kind of say, oh, that's not us anymore. That's peer-to-peer. Yeah, so Library is trying to take more of a platform approach rather than being a publisher So they will still take it stuff down that is in violation of US law So there actually has been a couple of cases where content has had to be taken down
Starting point is 00:19:34 Specifically, there's a there was a porn studio a few months back who got really annoyed that there was a lot of channels just re-uploading their content and filed like 10 or 20 DMC takedown notices. Wow. I can see how that can be a problem because it could be theoretically quite easy to just download a bunch of people's videos from YouTube, big names, stick them up and also like I said, porn as well. It's very, very easy to cross the copyright issue there well just a personal issue with myself someone had taken one of my early videos i did i think it was talking about just library in general and they just re-uploaded on their channel and was like oh yeah i made this
Starting point is 00:20:17 like no you didn't wow what's come back at least back then I don't think viewtips were enabled, so they didn't actually make anything off of it. But it was still a bit annoying. Oh, I totally get that. I mean, I've probably got that coming myself at some point in the future. Especially with your more... I don't know if it will happen too much with your historical content, but definitely for explaining how to get into crypto and things like that.
Starting point is 00:20:48 I imagine someone's probably going to take the content and be like, this is mine now. It reminds me of that meme. Someone walks up to another guy and says, I made this. And he walks away. And the other guy says, I made this. Always made me laugh. So since we're on the topic of library,
Starting point is 00:21:10 what do you actually think about the platform in its current state? I know it's kind of a general question, but are you actually liking the state it's currently in? I don't know. There's probably something I can format as a proper question there. No, no, no. I get the question. So I've got a fair few things I can format as a proper question there. No, no, no, I get the question. So I've got a fair few things I can compare it to. I've got obviously YouTube,
Starting point is 00:21:31 BitChute, and DailyMotion and all those. You can tell by the layout of something like BitChute that it's gonna struggle to hit the same sort of mainstream appeals YouTube but I think even just from an aesthetic standpoint library looks a lot more user friendly So I think it's got a lot going for it when you first get to the home page. That's a great start But obviously it still needs a lot of work in terms of features like notifications But I did know I know they're working on that and and that's going to be one of their next things. I think I've seen some previews on their Twitter account. Yes, they are very much in the works for notifications,
Starting point is 00:22:11 so that should be... I'm not going to say next update, but maybe the one after that. How often do they do updates? Would it be a monthly sort of thing? They don't really have a timeframe for it. Library TV tends to get the updates first just because they can just relaunch the build of the application so that one tends to get the new features bit quicker than the the desktop application does. I'm not sure which one
Starting point is 00:22:36 you use it Library TV or the Library desktop app? A bit of both but mainly the Library.TV. Okay yeah so that ended up getting the MoonPay feature first, and then I think maybe it was two or so weeks later it came over to the desktop app. I think desktop app is usually maybe once a month, maybe once every month and a half or so. I don't think they have a proper release schedule. It's more about when it's ready, it'll be released.
Starting point is 00:23:05 That makes sense. I mean, it's a good way to beta test it. Just test it on the website first, let it run for a week or two, and then you can send an update out for the desktop application. Well, the nice thing... Makes more sense. Yeah, it definitely does make more sense, that's for sure. The nice thing about doing the custom... the custom, the different streams of the application, so you have the Android app, you have the desktop app and library TV, is it's much easier to actually beta test features that maybe aren't good features,
Starting point is 00:23:34 but they kind of think, maybe this might work. So things like, I don't know if you've seen it or not, but on the Android application, they've been testing out paid comments. So basically they have a little fee that you have to pay to actually post a comment. I'm going to say something completely heretical. I use an iPhone. Okay, well, you're never getting an iPhone app. I don't know. It'll come eventually. I mean, to be fair, library.tv works fine in the browser on the iPhone.
Starting point is 00:24:06 But no, I'm sorry, no. I've not seen that feature, no. Okay, yeah, okay. On the Android application, they're testing out paid comments. I think initially it was being pegged to like 25 cents. And people were like, no, this is bad. Don't do that. It's funny because there's a...
Starting point is 00:24:24 Do you know Bitcoin SV? Yes, I know know of it i don't know too much about it there's an app built on that called twitch and their whole thing is you pay to post it's basically twitter but paid so every post is like five cents every like is maybe one cent two cent and it kind of functions based on that way and it was growing very fast for a while but i think it's kind of stalled a bit because it's hard to kind of onboard people when the first thing they see is paywall so if it's if you're doing paid comments i can see why that'd be off-putting particularly if it's 25 cents a comment. I think they've lowered it down to like 5 cents or something now, but still, I'd be entirely fine with it if they just let it be up to creator controls.
Starting point is 00:25:13 If I want to make people pay for comments, let me make people pay for comments. If I want to make it free, let me make it free. I completely agree. I completely agree. Leave it up to the creator. I think the, well, the reason why they did did it is because I'm sure you've seen this, especially as your channel's been growing a bit. There is lots of spam on library.
Starting point is 00:25:34 Well, 100%. I've got random posters of scripture, which I'm okay with. I have seen that, yeah. Weird. And you'll get a lot of people just saying, good job, and a thumbs up, and then you'll find them having posted the exact same comment on a bunch of other new videos.
Starting point is 00:25:52 You can tell they haven't actually watched it, they're just posting to maybe get a follow back and get some rewards out of that. Yeah, there's an interesting way I've seen the follow back being done recently. They post a friendly comment, and then they've seen the follow back being done recently. They post like a friendly comment and then they'll embed the invite link within that comment. So if you click on the comment,
Starting point is 00:26:10 it takes you to the invite. Oh, sneaky. I haven't seen that yet, but I'm sure it's coming. Sorry? Sorry, I was just saying I haven't seen that yet, but I'm sure it's coming.
Starting point is 00:26:24 Yeah, it'll definitely come. Because you're at nearly 1,000 subscribers now, I think? I'm at 930. 930, okay. Getting close. Growing fast. I'm trying to get you onto the top 200 creators. It's slowly happening, but also top 200 is growing very quickly.
Starting point is 00:26:45 It is, it is. There's a lot of good people on there. A lot of people I would never have found on YouTube. You know the website, Libraronomics? Yes, yeah. I've scrolled through there quite a few times, and
Starting point is 00:26:59 I see names. It's a random channel. I see a name. I'm like, I wonder what they do. Look into it. Wow, great. So many of them. It's something you just never find on YouTube, actually. I just realized I have my video view. I can actually just show Librarianomics on the screen right now. Oh, cool. Yeah, so the top 10, even the top ten, we have like Bombard's Body Language, I've never heard of this channel before, but apparently they were already really popular outside of
Starting point is 00:27:31 Library, but I've never heard of them before. No, me neither. That's number three on the list, isn't it? Yes. Yeah, okay, technically number one, because the Library channel and Library cast don't count. Library doesn't count because they auto-subscribe people. Of course, yeah.
Starting point is 00:27:49 And library cast is auto-pinned to the homepage so I'm not going to count that one either. So technically Bombard is number one right now. And then even CryptoHustler101 he was on your show a week or two ago, was it? Yes.
Starting point is 00:28:04 I hadn't heard of him until I came to the library. He does some good stuff. I think he made some content on YouTube. I'm sure he did, yeah. But it's just so much harder to find because it's a much more saturated space. Absolutely, yeah. Especially in the crypto space for the sort of content he does.
Starting point is 00:28:23 Because there's so many channels that are like i'm going to do a crypto update like you're going to do something different to definitely stand out from that that's for sure i think that's kind of the approach i wanted to take when i was going in there's a lot of videos on crypto and it is something i like to talk about and want to talk about but i don't want it to be my sole focus just because it's probably been done and it's probably been done better than what I could do so well you could always this is probably already been done as well done to death but you probably also go into like the history of crypto and like how that ended up starting up but just doing the regular crypto updates it's not really I get why people do it it's easy updates, there's not really... I get why people do it. It's easy content,
Starting point is 00:29:05 but there's not really much to be said there. Yeah, it's such a volatile market. You could say, today, oh, the market's up. Tomorrow, you say, oh, the market's down. Next day after that, oh, market's up again. Oh, market's safe now.
Starting point is 00:29:19 No, we're fine. You know, you get the point, I think. But the other good thing, obviously, there's the channels that no one's heard of being on Liver library but it's nice to see there's so many channels that actually are popular on youtube that are over here now so um i don't know if you've ever watched his content but evblog he's a uh basically a electrical engineer who is from sydney and basically just makes random videos going over pretty much a lot of his stuff is going over scam electronics on places
Starting point is 00:29:49 like Indiegogo. I haven't seen that but that sounds like something I'd be interested in I'll definitely take a look. Like he did one recently about like a 5G bio shield built into a USB or something like that. Whoa is that, I think I've seen that before. That was a big story a couple weeks back, wasn't it? Yeah, it was. I think even the UK government or something was recommending, or some UK government branch recommended people buy it.
Starting point is 00:30:18 Of course. But besides that, we have, like, for politics, we have Timcast and Red Pill Philosophy and other various channels like that. And even just, like, educational stuff, like MinutePhysics. I think MinutePhysics was the reason why I actually decided to make my library account. I was like, why is MinutePhysics on this platform I've never heard of before? never heard of before. I mean,
Starting point is 00:30:48 I find it's very easy to find people on library once you go to library, but on places like Bitch, the discovery is very hard to navigate around. Maybe that's just me, maybe I'm just not very good at it. Well, no, the problem with Bitchute is its search engine is very, very basic.
Starting point is 00:31:03 It's pretty much just like a keyword search, nothing more than that. Yeah, definitely. BitChute is it's search engine is very very basic it's pretty much just like a it's a keyword search nothing more than that yeah definitely so i think even if you spell like if you were to search for my account if you spell my name wrong you won't find it i'm going to test that right now yeah i might be completely actually you know we're going to test it actually i'm going to open up BitChute first, just in case there's anything I shouldn't show on the screen. Just in case. Okay, now I'm logged in, so you don't actually see anything. Cool.
Starting point is 00:31:36 Let's see. So... I'm going to spell... Just get rid of the last part of my name. Yep, you don't find it. If you just don't spell it exactly correctly, you don't find it. I bet if you put it in the library, it'd be one of the first things to come up. Yeah, it was actually a problem for a little bit where it didn't come up. Actually, I just realized I wasn't even showing it on the screen.
Starting point is 00:32:08 Whatever. I'll show it on the screen now. Yeah, it's not actually being, it's not coming up if you search my name. But yeah, on library for a while, I think even if you search for my channel handle, it wouldn't come up. And that was, yeah, it was a problem they had early on with the way they were doing their search algorithm, but they dealt with it pretty quickly. Oh, that's good. At least they're very quick to respond.
Starting point is 00:32:31 Yeah, even at the time, I think at the time I was maybe only had like a thousand subscribers and they were like, oh, yeah, that's cool. Because the platform is so small, there's actually people there who will listen to people who have Like actual complaints about the platform unlike YouTube where if you're a thousand subscriber channel, well, good luck getting a response Yeah, you're small fry and YouTube if you're out subscribers, but on library you're Probably top four or five hundred maybe That's probably right. I know that top 200 right now is 2000 and i'm actually really excited because top 50 is about to go over 10 000 which is absolutely insane
Starting point is 00:33:14 follower goals it's not like follower goals really mean too much because i have noticed views are going up recently across like all of the channels so it seems like more people are using library on a more frequent basis but even though i have 10 000 subscribers i still tend to get maybe three or so hundred views a video whereas on youtube if i was getting like 300 views on a video and i had 10k subs there's no point uploading a video that day yeah yeah definitely the what would you call it i suppose exchange rate between followers and views is better yeah i think it will the reason why people mainly stick on youtube one is obviously because they're more comfortable with it and they're just it's kind of habit but also because all of their creators who they watch are on youtube
Starting point is 00:34:05 so they can just say i want to watch i want to watch arias's video today i want to watch this other video on this other video so they don't have to leave the platform they can just keep watching stuff in the one place well not just that as well it's it's convenience because so many games consoles and smart tvs have a youtube app built in so you don't turn it on a computer just sit on your couch turn on TV there you go there's YouTube yeah we haven't got that for library just yet yeah you can still use library TV on like a PlayStation or something like that but it's not as good as having a native application. Yeah, exactly. Let's see, what do I have on this list?
Starting point is 00:34:51 So what actually got you into wanting to talk about money on your channel? Well, see, I've been into cryptocurrencies and gold and silver for maybe three, four years now. Just before the massive bull run in 2017 that's when i got into crypto so made a bit of a profit out of that and then the interest kind of hung around and the more i kind of dived into it because it was very surface level back then i just kind of bought it based on the hype rather than actually understanding it and the more i started to understand it the more i
Starting point is 00:35:25 started to look into money itself and then i listened to a lot of peter schiff who is also on library now which is funny considering he's very anti-blockchain and then i listened to a lot of mike maloney and various other crypto tubers and it really kind of made me think okay so money is this big thing we all use it we all talk about it we don't really understand it and then i wanted to understand it so i started researching a bit and then i kind of had a bit of a knowledge base from that so whenever it came to the point of thinking, you know what, I'm going to start a channel, I'm going to start making some videos,
Starting point is 00:36:08 then it kind of seemed like an obvious topic for me because it's something that wasn't completely overdone yet and it's something I knew enough about to be able to talk about without having to dive crazy into learning a brand new topic. So I thought that was probably a pretty good place to start. So by judging by what you just said there, you're thinking of maybe expanding out into other things as time goes on? I would say expand it a little bit,
Starting point is 00:36:38 but I still want to have the core focus of the channel as something to do with money and currency. Even if I move more let's say i get maybe 10 15 episodes into the story of money and i've kind of exhausted some of the historical aspects that are the most key then i could maybe move into cryptocurrency because that brings us to more modern times but at the same time, I still wouldn't really want to give up the whole historical aspect, because I think that's kind of what sets me apart. Keeps it a bit more unique.
Starting point is 00:37:12 I definitely hope you do keep that up, because I am enjoying the series, that's for sure. Well, more to come. I just released my last episode yesterday. I watched all five episodes just before we started Recording the podcast
Starting point is 00:37:27 Ah cool I'd seen the third episode That was the one that Library Had promoted on their Twitter account But I hadn't actually gone and watched the other ones yet Yeah it's what kind of made it Explode a bit and then I think that's when you Made the support for me
Starting point is 00:37:44 And that really boost Which which, again, I really appreciate that. Thank you. I don't know if I'd be anywhere close to what I'm at now without that. Well, I actually do have a subscriber who likes to go around boosting random channels. I don't know why he bought this much, but he's got a couple hundred thousand LBC. And he just puts supports on people's channels, so I might give him a message, see if he wants to support your content. Oh, that'd be amazing, thank you. So I think, I think the last guy who had it on was a, um,
Starting point is 00:38:16 one of my patrons by the name of Donald Fury, who makes a lot of Linux-y content, a lot of kind of, like, gaming content as well, and he was only at maybe, I think, two subscribers when I last checked. And now I think he might be at like 100 or 200. That's pretty good percentage growth. Yeah, and obviously because supports don't actually cost you anything. If you... I don't know, just... I think that's one of the nice things about Library. It's... I do have my complaints about the way the support system does work,
Starting point is 00:38:48 but it is nice that you can actually talk to someone who's maybe a bigger creator or maybe has a bit more LBC than you, and if they like your content, they can say, okay, well, I like what you're doing. I'm going to boost you up into trending, which just isn't really possible on something like YouTube. Yeah, without doing maybe a video shout out or something and or guest appearances you can even if you want to do a support you can do it completely anonymously and say without having to actually endorse anybody you can just say okay give them maybe 10 000 50 000 whatever
Starting point is 00:39:20 for maybe a day see how they do and then they're none the wiser as to who helped them out so it's it's got various good aspects to it but i do have a few issues with it at the same time because of how it can end up dominating various search results even if there's content that's a bit more relevant that should be up a bit higher yeah early on there was a lot of problem with people doing tag abuse and then boosting stuff up into trending. So they would say like, I don't know, some random crypto video and then tag it as cars and tech and various other things that it's not about and then just boost themselves up in trending and get a bunch of views they shouldn't be getting. Yeah, I could definitely see how that would be a problem. I suppose even those porn videos you mentioned before that were copyrighted,
Starting point is 00:40:08 and you could stake Bitcoin in that and have it be up top. There was a lot of problems early on with porn not being tagged properly, and you'd basically just get it appearing on the homepage. So people would not tag it properly. I think at the time you only need to put like 40 or 50 000 lbc on it and that would get it onto the home page wow they did deal with it really quickly though because it's a pretty bad look to have that on your on your front page oh for sure if it's a young kid was using it and apparently passed and saw the porn just sitting on the front page like They'd be like, never use that again. Yeah, that's why there was a lot of discussions early on about actually separating the porn out into a separate application.
Starting point is 00:40:51 I think those discussions have kind of died down now that the stuff's actually getting tagged properly. But that was kind of why that discussion had even come up, really. I think another good thing is that the more creators come to library the more the porn would probably get kind of flooded out it'd be diluted down to the point where it'd be quite tricky to find find unless you actively search for it well yeah when i first joined i think there was maybe five or six porn channels on the top 200 creators but now wow there's not a single one there they've all been kind of flushed out by the people who actually make content
Starting point is 00:41:28 and that's a good thing i think definitely no i think definitely yeah it's definitely a good thing that we have a lot of good content coming to the platform that's for sure i'm i'm very excited for where it's gonna go because i, even just looking through the top 200, there's a lot of names from YouTube that I would actually watch on a day-to-day basis. So seeing that they're all moving to library as well, it's encouraging. It makes me kind of want to focus more on that as well. Yeah, I do still see a lot of value in YouTube. I know a lot of people on Library and a lot of these alt platforms
Starting point is 00:42:05 don't really want to say that YouTube has really any value, but it is still the biggest video platform in the world. It's how you're going to get people over to Library. Exactly. It's great to have a big platform on Library, but those are people that are already on Library.
Starting point is 00:42:21 If you want to expand the platform, you need to be able to have a bit of a following outside to bring to it. So it definitely has a lot of value in that regard. Yeah, on my YouTube channel I have about seven, what am I at now, 7.1 thousand subscribers, which I don't know where those came from. I was only at like six and a half the middle of last month, so it's been growing pretty quickly lately. Very good. Yeah, I don't know what i've done i i don't know something happened now it's boosting up pretty quickly but
Starting point is 00:42:50 i think well a lot of my early start on library was because i had the youtube channel because i the reason why i got a start on youtube was around i think the start of this year so around january or so one of the bigger linux, I think he had maybe 70,000 subscribers at the time, he gave my channel a shout-out, and that boosted me all the way up to 2,000. And along with that, he'd also shouted out library in that video as well. And because he shouted out me and he shouted out library, my channel on library jumped all the way up to like 2,000 or 3,000 subscribers, which is
Starting point is 00:43:25 absolutely crazy so that's that's the sort of power that a big channel can have when they actually do shout something like this out exactly and library for all the good it's done it doesn't have like if the channel on library has 10 000 followers that is huge. But if somebody on, like I said before, YouTube has 10,000, it's still good, but it's not massive. So someone with 70,000 being able to shout out, that can leave
Starting point is 00:43:55 a huge impact, as you saw. So I think the more huge creators over on YouTube, in the hundreds of thousands, more of them that kind of give library a bit of attention, the faster and bigger the platform is going to grow. Well, yeah, I was saying about EEVVlog before, I can't remember how many subscribers he has on YouTube.
Starting point is 00:44:16 I think it's in the realm of like 600,000 or 700,000. Give me one second. That's pretty damn good. 730,000. Wow. He has been going for like 10 years though, so I'm not too surprised. But there are other creators who have...
Starting point is 00:44:36 Sorry? I'm just saying he's definitely dedicated. Yeah, for sure. I don't know how long... He's got a series called like... I think he just calls his main series EV blog and he's got 1300 episodes of it so that's been going for a while
Starting point is 00:44:49 wow someone I follow Stefan Molyneux he's been going on YouTube since it's also been a good at least 10 years and he's moved over to the library as well not moved over I keep saying moved over he's on library 2
Starting point is 00:45:04 I only heard about Stefan Molyneux in like the last and he's moved over to the library as well. Not moved over, I keep saying moved over. He's on library two. I only heard about Stefan Molyneux in like the last two or three years. I didn't know he'd been around for that long. Quite a while. I think I first maybe started listening to him in 2015. But obviously there's a lot of stigma around him at the same time, so it can kind of be off-putting to people who don't really know much about him. Yeah, for sure.
Starting point is 00:45:28 Let's see what do we have on the list? So in one of your videos you talked you had an example of the purchasing power of currency and the example you used was purchasing a house so you talked about how the price of a house i guess effectively come down because in the past it was 300 and something ounces of gold or whatever it was and then it's come down to like 200 or so so i think episode two? Something like that, yeah. So that, I would presume, would have to do with the improvements in things like manufacturing ability and the ability to actually create the material that would go into these properties. I mean, it's certainly possible.
Starting point is 00:46:20 into these properties? I mean, it's certainly possible. I wouldn't say I would know the definite ins and outs of it, but in terms of fiat currency, it's much more costly to buy a house. But in terms of gold, it's much cheaper. So what I would kind of maybe take from that myself is that it means that wages haven't increased in the West the way they would have increased in the past. I could be completely wrong, but that's just kind of what I took from it whenever I was looking into it.
Starting point is 00:46:57 But definitely as the manufacturing process changes, like materials become cheaper, you can use different substitutes that don't need to be like i mean like there's various different wood types you can get it don't need to be like sturdy oak anymore there's various mixtures they can do to put down different floorboards and so on so definitely that would be a part of it i mean even if you look at bricks these days like previous bricks if you look at all the old European houses, they would have a lot of very heavy stones that have been carved. Whereas now, things like red bricks and those gray, kind of grainy bricks, they would be used a lot as well. And they're much, much cheaper and much easier to produce. So definitely an aspect to it. So definitely an aspect to it.
Starting point is 00:47:44 That at least to me seemed like the most, I guess the simplest explanation for why that would be happening. But I guess that also makes sense that you'd also have the wages not increasing also being part of it. And I think as more people tend to lose jobs to robotics, AI, and more people end up in welfare. That kind of has a big knock-on effect as well. Mm-hmm. That actually takes me into a... All supply and demand.
Starting point is 00:48:13 Yeah, that's pretty much you can take it all down. It's all just supply and demand in the end. Yeah, exactly. That did lead me into another thing I did want to talk about. During all of this COVID stuff that was happening, there's a lot of countries that had basically
Starting point is 00:48:28 turned their welfare programs up to 11. That's a long way to put it. Yeah, so with Australia, it would be I guess you could effectively call it what amounts to being a UBI. It's still coming to an end supposedly in September, but there were people who were
Starting point is 00:48:47 actually getting paid more for not working. Yes, same in some parts of the US, with the big stimulus checks that we were doing. I did hear about some interesting stuff that was happening with stimulus checks early on. I don't know if you heard about this story, but I think when the first stimulus check came out, one of your big retailers, the same day the stimulus check came out, also released a TV for the exact same cost as the stimulus check.
Starting point is 00:49:18 Wow, I didn't hear about that, no. It's just amusing that that happened. Yeah, it's obviously a smart move. A lot of people when they get an extra bit of money like that or an extra bit of income like that they're not really sure what to do with it exactly i mean the first interesting for most people isn't saved not anymore at least the first thing is oh i got the spare money that i didn't have before what can i spend it on?
Starting point is 00:49:46 There definitely seems to be a serious lack in the education about, I guess, what would be the way to say it? Not just what your money is worth, but how to actually spend your money. Exactly. It's been very directed
Starting point is 00:50:04 towards... Nice sunny day over there? Exactly. It's been very directed toward... I haven't come outside. Nice sunny day over there? No, it's 6.30 right now. They just like yelling. Fair enough. But, no, I mean, we've all been kind of directed toward a lot of consumerism. And consumerism in itself is not always a bad thing. I mean, there's nothing wrong with buying some new books, a couple of games, TV or something, but I think a lot of people take it to the extreme where they'll have mountains and mountains of things
Starting point is 00:50:33 that they don't want or need. And I mean, I'm completely guilty of it. Over the years, I think I've built about maybe a collection of like 200 or 300 video games. I've been kind of in the process of selling them off because half of them have not even played before. Yeah, I know the feeling. When I first bought my PS4,
Starting point is 00:50:50 I bought a bunch of games along with it and just, I never played any of them. I don't know why I bought them. You see it, you see a nice cover, you think, ooh, that looks fun. You grab it, buy it, never put it in. It's the exact same for me i've got massive ps2 collection and even going back to ps1 days i've got so much stuff that i've never used and probably never
Starting point is 00:51:13 will use so i've just been slowly selling them off and trying to train myself not to buy things i don't need as much i wish i did keep some of that stuff when i from when i was a kid because i know it would still be working now i just got rid of it as the new console came out, but looking back, it's not anything extra I would have bought. It's just, I kind of wish I didn't get rid of it. It just kind of gives you a nice memory, or
Starting point is 00:51:35 it was a fun game from your childhood. A bit of nostalgia. I'm not saying, but there was a game called Tomba over here. I think it was Tombi in some other countries. And I don't know if I ever actually rented it. But then maybe 10 years later, I actually bought it off of eBay for like, I think it was about $60, $70.
Starting point is 00:51:59 And now it's worth about $250. I guess you can say it was an investment then. I suppose so. But at the same time, it's one of those ones you don't want to sell because you have some kind of attachment to it. I know it's really a good reason not to sell it, but I like it. It kind of goes back to my whole point. Sometimes it's kind of hard to train yourself off of some of the more consumerist practices. For sure. It's not necessarily a bad thing as you were saying.
Starting point is 00:52:31 Obviously you can put all of your money into investments and only buy food and pay for your bills, but that's a boring life. A bit boring, yeah, definitely. I mean, it's nice to be able to go out and enjoy a movie every now and then maybe buy something for your wife or whatever but I mean you need to be able to treat yourself sometimes keeps things interesting
Starting point is 00:52:53 yeah for me sorry go ahead I was going to say for me really the main thing that I treat myself with is just buying books I like reading before I go to bed. It's a good way to get myself not looking at a screen just before I go to sleep. Tends to help actually get to sleep a bit easier.
Starting point is 00:53:14 Oh, for sure. I mean, they've done so many studies on the effects of blue lights and how it messes with your sleep. And it's just really bad for you, so that's definitely a good way to get yourself off of that and i mean when you're reading a book you're not flicking
Starting point is 00:53:30 through twitter and i think yes which one's much better for your your mental state definitely the book are you about to say something before i cut you off i forgot what was this probably that's all good uh probably something about consumerism probably yeah which i keep i have to keep repeating this it's not always a bad thing to be able to consume it's what keeps the economy taking over isn isn't it? Because so many things that were deemed essential before are no longer essential. So more creative outputs like games, books, movies, they've become a bigger part of the economy.
Starting point is 00:54:14 So it's good to still keep that going strong. Yeah, even just a couple of years back, I'm always at the point now where I could just say I don't want to work my day job if if i wanted to and that's just not something that would be possible really even just five ten years ago oh definitely yeah the things have changed so much in the online space that it really has just it's shooken the whole system to its core. And I don't think the system's really kind of caught up to it. Yeah.
Starting point is 00:54:48 I think the more jobs are kind of phased out, like you go to somewhere like McDonald's, you'll see big screens instead of rows of cashiers. And the more jobs like that that are phased out, I think the more people are going to be kind of be forced to be creative. So getting into that good and early, like, I mean, out i think the more people are going to be kind of be forced to be creative so getting into that good and early like i mean i would still consider us now early into that whole scene even though there's been massive youtube creators but i think it's got so so much more room to grow so i think the more we do now the more that'll help in the future well even if you just if you
Starting point is 00:55:22 really want to think about it obviously people have made money on the internet for, like, since the start of the internet, really. But for YouTube, it's only had monetization for, what, maybe 2008, 2007? I know it didn't have it in its first year. A couple of years after it started. a couple years after it started so at absolute best maybe just doing like online video in the current form that it's in has been monetized maybe for the past 12 years or so so it's still really really early on in i guess i guess it's it's life cycle i would say so and the more alternative funding platforms that come out, like you've got your Patreon, you've got, obviously, the library with LBC.
Starting point is 00:56:13 And, I mean, I think the ad model is starting to kind of wind down a little bit because of how saturated it became to the point where it's very hard to earn money from that. I mean, I used to be into the Flash game scene back in 2004, 2005, going back a while now, and you used to be able to make a pretty good living off of Flash games, or Flash animations. And the ads just dried up to the point where previously
Starting point is 00:56:37 getting 20,000, 30,000 plays or views would be able to get you sponsorships, it would be able to get you all sorts of, like, high return yields from your ads, but now views would be able to get you sponsorships it would be able to get you all sorts of like high return yields from your ads but now it's if you get 20 000 views you're getting nothing so the the systems as far as ads go is definitely kind of on the decline i do, at least in, until we have a better system, I do still see ads being something that at least, I guess we'll have to stick around at least for a bit because I don't see right now,
Starting point is 00:57:15 the only real alternative to doing ads is people paying for content. And then that brings us back to the whole paywall argument where if they've never heard of you, why would would they why would they pay for you for sure yeah but i think that's why cryptocurrency systems like lbc are so good because if you get if you get lbc in the lbc value can go up and down whereas if you're just sticking with the dollar you're getting a dollar and then what's that going to go up or down in relation to? If your main currency is the dollar, just one dollar for you is going to be one dollar. Even if the purchasing power changes.
Starting point is 00:57:51 Whereas LBC, if it's maybe... How much is it one LBC at the minute? Give me one sec, I can check. It is... It is 3.4 cents. Let's just say 3 cents At the minute
Starting point is 00:58:10 If YLBC is 3 cents And you can get Maybe a few dozen of those a day easy Then let's say you hold on to those For a while, even a year from now And it's maybe up to 10 cents That's a much better return Than just if you were getting dollars, because the dollar price would still be in dollars.
Starting point is 00:58:31 I don't know if I'm explaining myself very well, but hopefully the point comes across. No, I get exactly what you're saying. We can use a bit of a real-world example. So when I actually bought into LBC, it was at 0.7 cents so I paid about 300 Australian dollars bought I don't know how much it was at the time let's just say 50,000 just to make the maths easy and that 50 I I still have that 50,000 LBC but if I was to convert that back into whatever currency I want it to be and whether that be USD AUD doesn't really matter.
Starting point is 00:59:08 I still have that 50,000 LBC and the value in the currency that I want to use I guess it's gone up I guess. Yeah exactly. Exactly. I mean like look at all the people that invest into Bitcoin, really. Look at the returns they've made. And then all the people who didn't invest in it and just cry because they were around at the time. Oh, would you believe I first heard about Bitcoin in maybe 2012, back when I was in my younger days, trolling around the 4chan boards. And, of course, I see it and think that sounds interesting I go into a thread that looks complicated I leave a thread but the name
Starting point is 00:59:52 stuck in my head for whatever reason then when I hear about it later I see oh it's almost at a thousand thousand dollars I think that was back in 2017 back when I first getting into it almost at a thousand dollars before the bull run started and then I looked at the price in 2017, back when I was first getting into it. I was almost at $1,000 before the bull run started. And then I looked at the price in 2012, and I'm thinking, what have I done? Or what have I not done, I suppose? So, I mean, I think it's a good way to help monetize content. So, obviously, we've got LBC in Library's case.
Starting point is 01:00:24 But if you can get into a system like that quite early, then you make a decent investment in the future of the system by buying the credits. Then if you help the system grow, then you're going to be very well benefited in the long run. Yeah. Yeah, I don't have anything to say to that. I completely agree with what you're saying. Hopefully we can keep pushing library further ahead. I keep saying we like I'm a big name, but hopefully someday. Well, yeah, I may be a relatively big channel on library, but outside of library, I'm still like a fairly small creator. People like Scott have way more reach than i do i mean i have three subscribers
Starting point is 01:01:07 on youtube so you know that speaks for itself doesn't it yeah whereas like 930 well as i was saying you look at like scottsy business and he he's got a platform on oh he's got a subscriber base on every platform that exists oh Oh, he does, yeah. Like, so many I've never even heard of. And have you ever watched his annual, listen to me, monthly reports where he talks about his income streams for all these different platforms? Yeah, that's actually what got me back into buying crypto.
Starting point is 01:01:40 It's really cool. It's really, really cool. I was going to say, I've been looking at some of the proof-of-stake coins that he's been investing in. Because I hadn't even heard of that before. Because, as I said, I'm still really, really new to crypto. So, I don't know. I see there's definitely interesting ways you can make some money, besides just obviously buying it and then waiting for the value to increase.
Starting point is 01:02:07 Exactly. I mean, there's a very good platform. Would you know Coinbase? It's one of the biggest ways you can get crypto. Yeah. And there's another platform that's much smaller, but pretty much the same service when you first look at it, crypto.com. much smaller but pretty much the same service when you first look at crypto.com they have like a crypto earn program where you can put in let's say by a hundred dollars worth of their cro token you actually get a 16 return on that annually if you stake it oh yeah okay of course the first
Starting point is 01:02:40 thing people think to think about that is bit. It's a Ponzi scheme. But the reason they're able to give such high returns on that is because they've got so many different products and the CRO token is something they print themselves. Well, it also depends on how they're actually doing the return. Like, for example, DLive does the same thing. I think its current return is 20%, but it's also a fee-sharing coin, so basically you get a portion of the fees that come through the platform.
Starting point is 01:03:08 Oh, okay, cool. I've not actually looked into D-Live much. I wish I'd got in on it early on, back when PewDiePie was still on it. Yeah, he stopped, didn't he? How come? Did he ever give an explanation for that? Uh, I don't believe so. I know he took maybe a month off videos as a whole for a while. He'd honestly deserved a break. He's been working too hard for too many years.
Starting point is 01:03:36 He absolutely has. Even after the whole... What was it? I can't remember. The other channel, the Indian channel he was up against. I thought you were talking about the scandal that he was in with the bridge. Okay, no. That's a different thing.
Starting point is 01:03:55 Oh, I didn't know about that. Oh, you didn't know about that one? No, no. What was that? Let's see if I can describe it without getting my channel banned. So, he was playing PUBG at the time, and I think he got killed, and then out of anger he said, what a bunch of N-words.
Starting point is 01:04:18 Oh, yes, yes. No, I do remember that now. Yeah, so I thought that's what you were talking about. But no, when he was up against T-Series trying to beat his subscriber count. T-Series, yeah. That's the one. I mean, he put a lot of effort into doing all sorts of promotion for that, trying to make sure he held on to the number one spot.
Starting point is 01:04:41 So probably completely drained him for a while. Yeah, I can imagine. The entire controversy would definitely hurt. I'm sorry, I didn't catch what you just said? I was just saying that the N-word controversy would definitely hurt. I mean, imagine if you said that today with all the riots going on, that could be the end. Yeah, no, that...
Starting point is 01:05:00 You definitely don't want to... Honestly, at this point, I'm just trying to avoid anything to do with that. Yep. I'll maybe like a few tweets and maybe have the odd, sly comment on it, but I try to avoid as much as possible. Yeah, the US is the world's biggest social experiment, and it seems to be falling apart right now. Oh, colossal failure.
Starting point is 01:05:24 I can't see any way to head outside of succession, but, I mean, that's probably a story for another day. Yeah, well, I've been hearing talks of potentially a civil war at some point, but I don't know. I have no idea what's going to happen. I think there already is a civil war. I think we're well into a civil war, and one side just hasn't realized it yet.
Starting point is 01:05:46 That could be it. It's- well, we've certainly had the culture war for a couple of years, but whether it turns into actual gunfire is another question. I mean, it's turned into quite a lot of beatdowns and a few murders. Yeah, I have been hearing some of that. It's absolutely nuts. I i've i've tried to avoid all the cities i thankfully i live in a like a medium-sized town i don't say too much work because like just trying to keep myself somewhat anonymous but not so good i live in a
Starting point is 01:06:16 fair size town so we've not really had to deal with much of that thankfully and i'm in a red state so it's well armed shall we say so if anybody tried to tear down many of our statues then then it would not end well put it that way i think the weirdest thing about this is the fact that it's expanding outside of the u.s we've actually had a couple of protests in australia and the same sort of problems that exist in America don't exist in this country. Yeah, it's a completely different demographic makeup. Well, Australia has its own sort of race problems. I don't know how much
Starting point is 01:06:52 you know about Australian history, but Like the Aborigines? Yeah, I was going to talk about the Stolen Generation. So, do you know about that? No, no. Okay, so, until about the I think it would have been the late 1970s, we were actually separating Aboriginal parents from their children
Starting point is 01:07:18 and basically raising the children in white families. Oh, wow. I believe the explanation at the time would have been something along the lines of um their cult or that their culture is dying out and basically this is just the better way to raise the children so trying to a greater good argument to it yeah pretty much so australia is a weird like it's really weird because we have like people within living memory who were like actually a part of this whereas the US a lot of the problems you've had obviously you still had the the civil rights problems until the 60s but
Starting point is 01:07:54 a lot of the problems that people bring up in the US are problems from hundreds of years ago and it's a it's a really weird country I think because I think because... I think because people keep kind of kowtowing to the whole situation and entertaining the possibility of reparations, that... I don't want to say the blacks, because it's not all about black people.
Starting point is 01:08:19 I mean, half the problem is white liberals who kind of force the issue. So they really just kind of leave the door open for it. And that makes people think, okay, maybe we can get something out of this. But then it's definitely not about actually helping black people because these black people's neighborhoods have been torn to absolute shreds. And so many completely innocent people who have nothing to do with any of these riots are getting hurt.
Starting point is 01:08:47 It's just nuts. I'm sure you saw some of the videos early on about some of the black business owners who were basically coming out and just yelling at the rioters and just crying and breaking down. It's like, why are you burning down my business? I'm trying to bring myself up in the world.
Starting point is 01:09:03 Exactly. Heartbreaking. These people are trying so hard to make something for themselves, for their children, grandchildren, and then others are just destroying it in the name of equality. What's equal about that? Yeah. Well, let's move on.
Starting point is 01:09:22 Let's move off of that. Yeah, yeah. Another thing I want to talk about was Bitcoin's store of value. Yes. This is a very contentious issue between people who are into Bitcoin. So you have the Bitcoin maximalists who think that it's going to keep trending upwards forever, and then you also have the idea that it's more of a store of value. And it's, I guess, rather than being a way that you can become a millionaire, it's a way you're going to basically keep your money just, I guess, holding its value.
Starting point is 01:09:55 So judging by some of the stuff you've said, you seem to be more on the idea that it's more of a store of value than going to make you just an absolute millionaire, like some people seem to think. store of value than gonna make you just an absolute millionaire like some people seem to think? I still think it has tremendous upside potential in terms of gains but if you're looking to get a quick times 100 in your investment then Bitcoin's not for you. Nothing's not for you anymore. There's so many small market cap coins that are able to do that and I mean have you heard of Uniswap before? It's a decentralized exchange. So many scam coins going through there and
Starting point is 01:10:31 they're making massive returns and then people are getting dumped on right after. Yeah, I've briefly heard of it. Well, Bitcoin is far safer in that regard. It's not going to suddenly go up time to 100, but it's also not going to drop to 0 overnight. It's really
Starting point is 01:10:47 unfeasible. So it has that store value aspect to it, but with increased adoption of the Lightning Network, where fees are able to be cheap, and you're able to make fast transactions, it has a lot of potential as cash at the same time.
Starting point is 01:11:04 It's really got those two aspects to it and I do think it's got a lot of store value potential but at the same time the network effect of Bitcoin is so huge and if Lightning Network can be adopted it can be really kind of scaled up
Starting point is 01:11:21 to a massive extent at which point the value is going to shoot up again. There's really so many factors to say. I was going to say that Bitcoin also has the the benefit of being... when people who don't know anything about cryptocurrency, what they think of crypto being is Bitcoin. So it's got that name brand recognition. Someone will say, oh can I buy some Bitcoin rather than, oh, can I buy some cryptocurrency? Exactly. It's like if you're
Starting point is 01:11:50 talking about PC, the default a lot of people would go to would be Windows. Even though there is superior tech out there. And probably far superior tech in many regards.
Starting point is 01:12:06 But it's still got the name recognition that kind of keeps it going. Yeah. Oh, look. There are some other crypto platforms I did want to briefly talk about. I don't know how much you've looked into Steamit before, but do you at least know of the platform?
Starting point is 01:12:33 I know of it, and I know of the big divide that's happened recently. Is that where we're heading with this? No, where I was going to go with it was more of a technical aspect, where I don't really see that platform having much of a future just because of how complex it actually is to use. And this is one of the...
Starting point is 01:12:54 Going back to something we talked about earlier, why Library, I think, has a positive future because it's so simple to use Library, whereas with Steemit, I don't know if you've even really looked too much into how the wallet works, but to actually... I have, yeah. I guess to post on the website, there's like five different keys you have.
Starting point is 01:13:16 Yes, you've got your public posting key, your signing key, you've got your private key, so many different things. Which is way too complicated. Your average person is going to look at that and think, what the hell is this, and walk away. Completely. You need to be somewhat tech savvy to
Starting point is 01:13:31 even start to comprehend that sort of thing. I was initially thinking of checking out Library and Hive a bit more, and actually putting my content up there, but then I realized they will grow a bit. There's definitely a tech community who will start using it, but outside of that, I don't think they have any chance of mass adoption.
Starting point is 01:13:53 I definitely wouldn't say those platforms have mass adoption, at least in their current state. But at the same time, it's kind of like the old days of internet forums. You've got people there that are very passionate about specific subjects so they can kind of go there they have a bit of barrier to entry so they can kind of keep the community more cohesive whereas somewhere like reddit it's kind of free for all so it's got its benefits in its niche but for mass adoption unless they really overhaul their entry system it's not going to be mass adopted.
Starting point is 01:14:26 At least that's what I think about it anyway. Yeah, I'm kind of in the same boat about that. I do think they're interesting platforms. But the big problem I've noticed is even just remembering one password, most people don't want to do that. That's why a lot of platforms are switching to doing things like um email login so basically you just click the login button put in your email and it'll send you an email verification code and you just go from there that's how library does it that's how um on the brave creator platform it does it so if you want to log into your creator profile you don't actually put a password in. It just sends you a verification email
Starting point is 01:15:05 every time you want to log in. Yeah, yeah. I mean, I've become a big fan of Password Manager lately just because I've got so many hundreds of accounts on various things and it just makes things so much easier. What are you actually using your Password Manager now? Yeah, yeah.
Starting point is 01:15:22 What do you use as your Password Manager? Oh, sorry, i thought you were saying i'm using it now i use bit bitwarden and i have it synced to my phone i've got it in my brave browser and i've got it as a standalone desktop app okay yeah i'm using bitwarden now as well and i used to use lastpass i switched over to bitwarden just because it's an open source platform and i don't even know most of my passwords anymore. No, I'm saying I get them.
Starting point is 01:15:49 All I do now is just generate 60 character random strings and it works great. It's perfect because it's nice and secure that way and nobody can force a password out of you. You don't even know it. So, not that it's ever going to happen, but it's...
Starting point is 01:16:05 You're definitely not valuable enough of a target to have that happen. You don't know me. Yeah, yeah, that's true. There's definitely arguments you can make about whether you should have an online password manager, but I think that might be a bit outside the scope for this podcast.
Starting point is 01:16:24 Yeah, I mean, there's a good channel called, you know, TechLore at all? The name's ringing a bell. He does a lot of good videos about various aspects of online privacy and security. And, I mean, that's how I first heard about Bitwarden. And, I mean, if anyone anyone's interested that's not a bad channel to look into it. I'll check it out afterwards cool I'm always up for new channels to check out even though I don't really have time to look at them. Time these days. Even in a lockdown we're running out of time well i keep finding stuff for myself to do so
Starting point is 01:17:08 obviously i make seven videos a week so that obviously takes up a bit of time um sure yeah i don't know actually we can go to that so how long do you actually spend on one of those videos just on like one of your regular just um educational videos and how long do you spend on one of the history videos because i imagine the time difference is quite large very large so i can put out a video just my general discussion sort of videos i can put one out in maybe an hour to an hour and a half from getting i don don't script them so much as I put down a list of things I want to talk about and kind of freeball it from that.
Starting point is 01:17:49 So I will make that list. I will make the recording. I will get the video up and ready to upload. And it could be uploaded within an hour and a half. Quite easy. But the story of money videos, I sometimes spend various days on them it wouldn't
Starting point is 01:18:07 it wouldn't be days like on end it would be maybe of course yeah hours there and so i'd say maybe it takes maybe four to five times amount of time to get it done and it depends on the topic as well because the the great depression one i just released it i knew a lot less about it so it took even longer to produce just because i needed to do a bit more research and didn't want to make i wanted to make sure that i wasn't just completely talking up my ass so i wanted to make sure i actually had decent grasp on what i was talking about i mean i'm definitely not an expert on the topic but if i can at least explain the surface level and a bit of depth to it, then I think I've done my job. Yeah, I have the same approach to my sort of videos.
Starting point is 01:18:52 I take a bit longer for mine. So I don't know if you actually checked out anything before you came onto the podcast, but I mainly do... I haven't watched it. Sorry? Yeah, I've watched it. I've watched a few, yeah. Okay, yeah, cool. So I mainly do the I haven't watched it. Sorry? Yeah, I've watched it. I've watched a few, yeah. Okay, yeah, cool. So I mainly do the Linux tutorial content. So my usual approach
Starting point is 01:19:10 to that is I will play around, like, if I'm going to, I don't know, check out Bitwarden, for example, what I'll usually do is play around with the software for maybe like an hour or so, take some notes while I'm doing it, and then sort of arrange the notes into an order of topics I want
Starting point is 01:19:25 to hit then I try to record in about an hour or so I am actually really bad at speaking most of the time it's not just the fact that I'm tired right now I typically when it comes to the more technical videos where I'm trying to actually hit on certain points I tend to stumble over my words pretty frequently for the more rambly stuff like the podcast i can generally string senses together but for the technical stuff i will trip over my tongue constantly so a 15 minute video it will take me like an hour to record and because of that ends up taking maybe half an hour to 40 minutes to actually actually go and edit it and then obviously render time on that so maybe for me
Starting point is 01:20:05 three or so hours per video i reckon i mean that's to be fair that's not a bad return pretty good but i mean i'm the exact same when it comes to stumbling over my words i mean i've not been too bad today but the amount of takes i do even if i'm sitting reading off a script like my my story of Money videos, I completely script. It's just read off the screen and record. I'll find myself either stumbling over a very easy word. What was the word? The word the other day, it took me like 10 takes to get right.
Starting point is 01:20:36 And it's something I could say in real life, not a problem. But just reading it off the screen, I kept tripping and tripping and tripping and just record delete record delete and so on it's just a completely different process yeah i'm the same with a lot of the occasionally with just random programs that i use on a frequent basis so i use a window manager called bspwm which as you can probably work out is very easy to trip over yeah or like sxhkd very very easy to trip over that and i've. Or like, SXHKD. Very, very easy to trip over that.
Starting point is 01:21:08 And I've tried to say it a couple of times. I did like 10 retakes just trying to say this one word. But the funny thing is, you said them perfectly just now. I know I did. As soon as I have a... As soon as I'm recording for a video, though, it'll fall apart. What is it that makes that happen is just we think it's maybe the pressure of knowing this has to be right this has to be perfect whereas on a podcast we can just
Starting point is 01:21:32 kind of chat away casually and not really worry too much yeah i think that with the podcast when especially once you forget about the fact that you're actually recording it's kind of just having a chat with someone and really when you're chatting with someone you're not really thinking as much about what you're trying to say if you kind of stumble over stuff whatever you're actually recording, it's kind of just having a chat with someone, and really when you're chatting with someone, you're not really thinking as much about what you're trying to say, if you kind of stumble over stuff, whatever, you're just talking to someone, but if you're trying to be like, I want to, I want to educate people, especially once you, like, once you're good enough at recording content, you know where you're going wrong, I think that's the point where you start making, you start picking up your mistakes more often. That's for sure.
Starting point is 01:22:05 Cause I, I know I made tons of mistakes early on, but now that I'm, now that I'm good enough at making videos, I know how bad I am at making videos. I mean, I like your point about how different it is between the videos and the podcast,
Starting point is 01:22:24 because I was thinking myself when you were saying that imagine you're trying to educate someone and you're in the middle of a speech and then you say uh what's that what's that word what's that word and then you leave that taken like how unprofessional does that sound whereas on a podcast everyone knows it's a chat so you don't need to worry so much about it exactly yeah i i pretty much completely agree with that one thing that we did skip over earlier i brought it up because i did want to talk about it um but welfare programs you've mentioned them quite a few times in your videos. Yes. And we talked just for a moment about the increase in welfare programs during
Starting point is 01:23:08 COVID. Where do you actually see this going? Do you see this as being sort of like a, I guess, experiment for what's to come with the future of automation? Or do you just see it as something that sort of had to be done while this massive pandemic was pretty much happening? See, I'm, I'm kind of in mixed minds about it. I can, I like, I initially I thought, no, I pose these welfare programs with the stimulus checks, but then I thought the entire reason COVID came over here is because governments kind of screwed the pooch a bit.
Starting point is 01:23:45 They didn't shut down the borders immediately. They didn't... The... What's it called? The who? Covered up for China. Yeah. That's definitely interesting, that's for sure.
Starting point is 01:23:58 Well, let's see. It's a lot of government incompetence that caused the problem in the first place. And then the citizens end up suffering. So when I thought of it like that, I that i thought okay maybe the welfare program in this case i understand the case for it but i definitely can see how a lot of people will get used to this and as soon as it's threatened to take away the politicians might think right if we take this away we might lose votes so I can see it sticking around. And as you said, with automation increasing, people are talking constantly about the possibility
Starting point is 01:24:31 of maybe having a UBI, which in my opinion, I don't think that can work long term. It can work and be sustainable for a short term. But then the inherent human laziness kind of sets in. Where you'll get a lot of people just thinking, I'll just sit here and let everybody else do the work and capitalize. But then as more and more people end up doing that, the system kind of collapses in on itself. Even with automation being able to take care of a lot of the more tedious jobs. When it comes to automation,
Starting point is 01:25:02 I'm actually very much on the optimistic side with it for... I guess an optimistic side for what it can do, not optimistic side for the future of people. But there's a lot of people who think that there's a lot of jobs that can't really be automated by... Just can't really be automated. So things... I guess some of the more creative jobs. But after doing a research paper earlier this semester on, I guess some of the more creative jobs, but after doing a research paper earlier this semester on, I guess the, I think, what was it on something like AI creativity or something like that, or I don't remember the exact topic of the paper. I should remember. I wrote it like two weeks ago.
Starting point is 01:25:38 But reading a lot of other research about AI creativity and what creativity really is, I don't really see it as being a limitation of an AI system that, or I don't really see the, I guess, creativity being a limitation of an AI system. I don't see any reason why it wouldn't be possible. And that is a scary future to imagine without some sort of system that, I don't know if it has to be a UBI system or, or just, I don't know, without some sort of system to, I guess, get people, I guess, get people fed, you're really in a weird situation, I don't know if it has to be UBI or you have to give people menial labor for the sake of menial labor, but something will have to be done to make
Starting point is 01:26:25 sure people can actually afford stuff in the future when we've hit the point where there is no work left well i definitely think we're going to be in for a bit of a population decline on the whole not just in like white countries where the population is already kind of low and japan where it's going down as well but i think as automation and ai really develops it's going down as well. But I think as automation and AI really develops, it's going to just be... I mean, it sounds extreme when I say this, but it will probably be a much slower process. I think a lot of the population is going to end up dying off because of it.
Starting point is 01:26:58 And it could be over decades, I don't know. But I definitely agree in that i don't see how there's a limitation on ai as being able to be creative considering the fact that if you ask me or if you ask someone 10 000 miles away we might have completely different definitions of what creativity is so ai could conform to so many different types of creativity, even ones we may never have even thought of. So it could be very adaptable in that regard. One thing that I know a lot of people,
Starting point is 01:27:39 if you were to ask people maybe 10 years ago about what a future AI system would be capable of, there would be a lot of people who, even with some of the stuff that is being done now, so I don't know how much you know about AI, but there are AI systems that conduct things like chemistry experiments and actually try to create their own new theories about, I guess, the state of chemistry. And this isn't something that people really thought were possible even a good 10 years ago. And you have other examples like the system that won in Jeopardy, which I'm blanking on the name, by IBM, I don't remember. And other things like this where a system like that, it's a very
Starting point is 01:28:21 rudimentary level of creativity but it is still it's still at a point where you can call it some basic level of creativity though yeah sure I mean it's all that isn't it if they see the data going one where one way sorry they can then maybe try and come up with a theory as to why the data goes that way mm-hmm so i mean even from someone who's completely non-technical like myself then i can completely understand how it can do things like that at least on the surface level anyway without actually knowing the programming and code behind it even if we just okay we'll take it back to something that maybe not... I don't see creative jobs disappearing anytime soon,
Starting point is 01:29:07 but let's just bring it back to something that is actually happening right now. So we have the automation of things like... I guess not low-skill jobs, but very robotic jobs. So things like flipping burgers in a kitchen. There's already machines that can do that and the only reason they're not being used right now is because they're just not cost effective yet or we have other things like the automation of the driving industry so
Starting point is 01:29:34 tesla keeps saying they want to roll out 10 000 automated cars by the end of the year that's not happening but they'll be doing it soon and then you have the automation of the year, that's not happening. But they'll be doing it soon. And then you have the automation of the truck driving industry and things like this. So we obviously need something to handle this in the short term, and I don't know how that can really be done. I just kind of want to go back to your point about the
Starting point is 01:30:00 cost effectiveness. You see places like California saying, okay, $15 per hour for flipping burgers. The more you increase the wages in that regard, then the more cost-effective
Starting point is 01:30:17 it becomes to invest in the robots that can flip the burgers. I mean, that's why so many cashiers end up being replaced by those screens you can just touch screens so i think a lot of people end up creating their own problems by demanding too much and then now of course it leaves us in our current situation but as for what the solution is short term or long term, I don't honestly know, I have no idea it's
Starting point is 01:30:46 interesting and scary at the same time yeah, this will be a very interesting generation I don't it's obviously impossible to make predictions like this, but I imagine this is probably what it would be like
Starting point is 01:31:04 at the start of something like the um... why am I forgetting this? The... Terminator? No, I mean something that's happened in the past. The big technological boom that happened in the 1800s. Industrial revolution. That one. I imagine this is what it would be like just before the industrial revolution. You don't have it you can see something's coming along the horizon but you have no idea what it is it could destroy everything or in the case with that you had massive economic growth i i don't know what's gonna happen i mean a good a good example i like to go back to is farming and horse carts. A lot of people, most people, were farmers or people would use a lot of horses for transport, for military or just pulling carriages.
Starting point is 01:31:54 And if you said to them, okay, here's a car, they would say, no, no, no, no, no, don't replace me with that. But then whenever that happened, people eventually found something else to do. Same with farming. The more automated it became, people moved on and found something different. So, my hope is that we will find something different. We might not know what that is yet, but hopefully we can find it.
Starting point is 01:32:18 But, at the same time, the more advanced an AI gets, the closer it gets to being able to replicate more and more aspects of what humans can do. So, and like you said, with the creativity part, then potentially that could be out the window too in a few decades. Well, I imagine there'll always be like it, once we do have a massive AI revolution like this, there'll always be like niche businesses where it's like, oh, this is a human run cafe like
Starting point is 01:32:47 that'll always exist like people will want some sort of like human interactivity but I can't imagine that everyone could do jobs like that and same with doing like entertainment jobs yeah you'll have AI entertainment I imagine there will still be a market for people who actually make stuff themselves but I can't imagine that's something that everyone would be able to do. I mean, that's a good point when you bring up entertainment. If you think music, if you think comedy, how good are AI going to be at those particular things? I mean, music at the same time, I suppose,
Starting point is 01:33:21 they can study the data on what people like, what people listen to, what people regard as good, and replicate to some degree, maybe change in various other degrees. But how close is that, I suppose, is what I'm kind of getting at.
Starting point is 01:33:40 I'm kind of at a loss for words, because the more you think about it, the more confused you get. And you think, okay, maybe we don't really have an easy way out of this at all. I think the only thing we can say conclusively is that we're going to have some massive changes over the next maybe 15, 20 years. That's the only conclusive thing you can say.
Starting point is 01:34:02 I would say so, yeah. The only thing we can be certain of is uncertainty. Pretty much. So moving on from that you've brought up the idea of purchasing property from time to time. Yes. And I had something to do with this. Right. I should have actually written down questions rather than written down points. That's fine.
Starting point is 01:34:35 Let's see. Where can we go with this? I don't know where I was going to go with this. Something about purchasing property. It's expensive. I can purchasing property. It's expensive. I can say that. It's definitely expensive, especially if it's in the city.
Starting point is 01:34:51 Oh, yeah. It's more costly in the city and you're getting far less for it. Yeah, one of the things that I have been... Obviously, I can't do it just yet, but one thing I do want to do is I eventually do want to get some rural property.
Starting point is 01:35:08 I don't know how much cheaper it is in wherever you are, but in my state, I could get like a five, six acre property for $200,000 and $200,000 in the city is barely going to get you half a one
Starting point is 01:35:23 room apartment. Yeah, a small studio. At best, yeah. It's not too far off that here as well. Yeah. Obviously the Australian dollar is worth considerably less than the US dollar, but... I think it's... You also have property to kind of compensate at the same time so it kind of works itself out there yeah i don't know where i was going to go with that point well when you say looking to buy a rural property is it like to maybe like start your own sort of homestead to the garden grow your own food or yeah i have to have a bit more it's a bit of the a bit of freedom a bit of kind of want to start my own thing because i want to have like my family did have a bit of property and then my parents split off and then that ended up getting sold so i don't want to end up like when i eventually have kids i don't want
Starting point is 01:36:15 to end up leaving them with basically nothing just like oh here's a bit of inheritance it's not land or anything you kind of have to like go get your own place I don't want to put my descendants in a situation like that I want to be able to I guess buy something like land and then pass it on and even if it's not like even it's not even if it's like nothing much it's still something that you can pass on and land as you've said in lots of videos is one of the most valuable things you can purchase yeah it's very very tangible it's got a lot of applications whether that's house farming or even just being able to have the space you want because like in a city if you're in an apartment chances are unless you're on the ground floor, you're getting no garden. Or you're getting maybe a tiny balcony
Starting point is 01:37:07 that you can maybe grow some plants on. But it's just very, very cramped, very condensed. And I mean, so many studies show how much happier people in rural areas are compared to being in a city. Yeah. Back to the apartment for just a bit. Even if you purchased an apartment room like a apartment
Starting point is 01:37:26 whatever studio apartment can you really say that you own it because someone else owns the building exactly that's funny enough that's a point i made to my wife a few weeks back so we were looking at buying a house in like sort of suburban area and what do you call it in uh australia maybe it would be semi-detached yeah so you have yeah same thing yeah we were looking at something like that and i said no because do we really really own it if we can't knock down every wall ourselves because you're kind of bound by the rules of what you share with that other person whether it's a wall or your border is joined perfectly so I mean take that and apply it to apartment it's even
Starting point is 01:38:20 bigger someone else owns a building someone else owns walls connected to your walls in fact it's even bigger someone else owns a building someone else owns walls connected to your walls in fact it's the same wall really so what do you own what don't you own it's the line's so blurry and it's so easily exploited at the same time someone sells a building they can change all sorts of aspects like maybe even change your water rates because they own the building, or it depends on, of course, protections from government or various contracts, but it really just makes all the lines so blurry. Yeah, that is part of the reason I do want to get out of...
Starting point is 01:38:58 I'm not living in the city. I live in the suburbs. I'm pretty close to the city. It's only like a half-hour drive, so it's not too far um but this is about as close as i could like tolerate being to the city the place i'm in right now is like a like what do you even call a house that's not attached to another house just a regular house it's not we have fences on either side of the house. Detached? Maybe? I don't know.
Starting point is 01:39:25 It's a proper house. It's not attached to another building. Yeah, it's attached. So, right, and if I was to actually buy my own place, because right now I'm renting, the easiest way to do that would just be to move out into the country. Plus, I do have a lot of family out in the rural areas anyway. Because that's where a lot of my family did come from.
Starting point is 01:39:50 Because a lot of... I guess from my mother's side, a lot of them were farming families. And then, starting with my mother's generation, they started moving inwards. Because that's where the work really was being. If you didn't want to be a farmer yeah and i think a lot of people are going to struggle with that as as the cities get bigger there's going to be less and less work and they don't really know where to go and as automation kind of increases going back to our previous point like things like if they're
Starting point is 01:40:26 self-driving cars then that's going to take over the bus routes it's going to take over trains it's going to take over uh taxis it's going to be very very hard to find so many different types of jobs like you say so people are going to come out trying to find something in the countryside because the big advances in tech don't always make their way to the small towns as fast yeah that's definitely true especially with like where with where my my mother's living right now they like you go there and it feels like you've stepped back like 15 20 years because like there's, there is still a lot of stuff advancements out there, but cause there's not as much money being circulated in that area, it's, it takes
Starting point is 01:41:11 a lot longer for it to actually expand. Also, um, at least in this area, there's a lot of like a lot of elderly people as well. So they're not really, they're not really dying to buy the newest tech anyway. Yeah. They don't really care it's in some ways it's great hmm i got like i'm in two minds about it sometimes i like going out and it's completely refreshing thinking wow i don't i can just put my phone away and just don't want to sound like a hippie i guess you, but you can just be. You can just go out and just do what you want and don't need to worry about being connected all the time.
Starting point is 01:41:49 Whereas if you're in a city or in a town, you're constantly thinking, right, I need to check my phone, I need to be able to get a map to wherever I need to go, or I need to get in a car and drive somewhere, GPS on. It kind of fries the brain a bit, doesn't it? Yeah, well, it's a bit too much stimulation from all of the tech that's around you. Yeah, definitely.
Starting point is 01:42:11 Stimulation, that's the right word. Yeah, I'm surprised I managed to come up with that one. My alternate by the brain, so. Yeah, well, with me as well, because I've got my webcam on, I've got these lights that are shining in my face right now, so... It makes it even harder to think than it otherwise would be. Yeah, because it's an extra stimulus that your brain has to process.
Starting point is 01:42:37 So, I'm probably going to, like, lay down on my bed as soon as this is over, and then try to, like, adjust to it being nighttime now. But we'll see how that goes. I suppose if you're in the southern hemisphere, you would be in... Would you potentially be in your winter now? What season are you in?
Starting point is 01:43:00 We're in summer. Yes, I'm in winter. Ah, okay. I don't remember when winter started i i only know it's cold so i'm gonna assume it's either autumn or winter i don't i don't actually keep track of the season just go based on feeling yeah pretty much it works it works yeah well by cold i mean it's like 12 degrees celsius which i don don't know, that's not really that cold. Australian cold. Yeah, pretty much.
Starting point is 01:43:30 Yeah. Yeah, anything below like 15 degrees Celsius is too cold, which... I spent some time in the UK, so I know what cold really is. Just for the people who are too lazy to learn a real measurement system, I'll just find out what that is in Fahrenheit. 15 degrees Celsius in Fahrenheit is 59. There you go. Yeah, there we go. Because I know that most of my viewers are American, and yeah, it just makes it easier. I spend enough time abroad that I can kind of flick between the systems, depending
Starting point is 01:44:03 on who I'm talking to. I tend to use meters a lot more than I would use yards. Yeah. I think the only time I really use anything outside of the metric system is for height. It's just easier to do height in feet and inches. Like, everyone knows what you're talking about when you... Yeah, pretty much. Everyone knows what you're talking about when you see six feet. Exactly. I know, I can see the American system. I know we're very stubborn, so eventually
Starting point is 01:44:36 the metric system will come here in full. Well, I've heard the main reason why it isn't done is because it would just be too expensive to switch over. I don't know how true that is different different materials i mean even measuring cups but it's funny even even some of the cooking utensils i've got here they have both imperial and metric at the same time so i think it's being probably gradually very very gradually phased in in some areas i think the argument i heard about was mainly just the speed signs that that would be the biggest one definitely the biggest one and then obviously you'd have to well no your big problem would be speedometers because
Starting point is 01:45:16 if you change over the speed signs then everyone's cars wouldn't line up with the speed signs then so you'd have to have like dual signs or something like that see i've got i've got a european car ah and and it's got miles and kilometers on the little speedometer at the same time so i can see which is which that's pretty cool like the digital display is all in also is all in miles but the the manual ones the the little stick, it's got... Yeah, I've got a...
Starting point is 01:45:51 What is it? It's a 2001 Holden Barina. It's a rebadge of I think an Opel of some sort. So it's got the European layout for the window wipers and the blinkers, which was really
Starting point is 01:46:08 confusing when I first started driving. A lot of things I used to, yeah. Yeah, now when I buy my next car it's going to be even just as confusing. Another good car example is I used to drive stick, but now I switched to automatic just because of my wife. But then getting back into something that's manual is such a difference. I never actually learned how to drive manual. I really should do it, but it's becoming less and less of a problem with newer cars.
Starting point is 01:46:41 Yeah, exactly. So many are switching over to almost exclusively automatic. I mean, I like driving manual because you kind of feel more in control and kind of get a bit of an ego about it, but I just love the laziness of being able to just hop in an automatic and just drive smooth sailing, no need to worry.
Starting point is 01:46:59 Especially if you ever have to go into any really populated areas. I can imagine driving a manual is probably a pain. It can be. You just have to stop and start for traffic constantly. I can't imagine that's good for your knees. I mean, it keeps you moving.
Starting point is 01:47:17 You're not sitting stiff. Anytime I'm in automatic, one of my legs is just sitting there doing nothing. The rest is just other ones just flipping between accelerator and brakes. Yeah, maybe automatic makes you a bit too lazy when you drive. I mean, I've had to do, like, a six-hour road trip where it's just been me driving because my wife was just sleeping in the passenger seat. So, like, halfway through, I just had to stop and move for a while because it was just the the leg that was being used to drive was it was tired but at least it was getting some movement but then the other
Starting point is 01:47:52 leg is just it's like a sleep the whole time yeah I've got a two-hour drive to do on Friday because I'm going to go visit my parents uh And two hours is even just, that's too long to be in a car. You have to stop for a little bit. If you don't mind me asking, whereabouts in Australia are you based? The Adelaide Hills. So, I'd say about half an hour drive from the capital. Canberra, is that? Capital of South Australia, not capital of the country. Okay. Sorry, my mind might be great, but I had a picture of it in my head. Let's bring up a picture of the Adelaide Hills. That is a really... yeah, we'll use this one. I'll send you a picture.
Starting point is 01:48:49 we'll use this one. I'll send you a picture. This is fairly descriptive of how the Adelaide Hills tends to look around every summer. Far into Bruegel. Ooh, nice. Very nice. Yeah, we get lots of bushfires. Oh yeah, 2020's been so crazy I completely forgot that was at get lots of bushfires. Oh, yeah. 2020 has been so crazy, I completely forgot that was at the start of this year. Oh, yeah, I forgot as well, because it happens every year. The American news kind of made it seem like it was some thing that, like, it
Starting point is 01:49:16 never happens, but no, we get big fires every year. Yes, it was bigger than normal. Absolutely. But big fires like that are a pretty common thing. Is it not meant to be good for the forest? It's meant to... or the jungles or whatever I suppose you would call it. Fox would be the better word for it, yeah.
Starting point is 01:49:34 Is it not meant to be good for the soil and then helps promote the new plant growth? Is that right? Yeah, no, that's right. The problem was that there was a lot of fires being started by people. You had the initial fires get started. I think those were maybe car crashes or something, but then there were people actually joining and actually starting fires. That's nuts.
Starting point is 01:50:00 I think during that, we also might have had some thunderstorms as well, which didn't help either. Just one thing after another, it all kind of escalated. Yeah. This year has been absolutely insane. It's been a story of this year. One thing leads to another, then everything's crazy, pandemics, zombies. I'm scared for December.
Starting point is 01:50:21 I want to see what's happening in December. I hope you just go back to normal. That'd be nice. That'd be nice. That'd be nice, but I'm not used to nice anymore. One thing I do hope that does come out of this is maybe people are going to be more appreciative, but
Starting point is 01:50:36 I don't see it. No, I think it'll take a much bigger impact to people's life to make people appreciate what they have more. I mean, it's like the whole oil frogs thing. If you slowly turn up the heat, then they just get used to it. But if you turn it up quickly, it'll jump out.
Starting point is 01:50:56 And I think it's kind of going to be the same principle here. If things just change bit by bit, people are going to just be used to it and think, no, no, this is normal but then if suddenly something's changed very fast that's when people think oh my gosh we had it so good before yeah that's that's a fair point actually because even though it doesn't seem like it's been a crazy escalation if like if the the race wars that are happening in the u.s right now just started out of nowhere, I think people would be taking them a bit more seriously than they are.
Starting point is 01:51:28 You're probably right about that. There's been tensions for so long. It was kind of inevitable. Well, also the fact that this year has just been absolutely insane. Oh, yeah, yeah. I mean, it's crazy. But, I mean, it's just at the same time, like when you look at the news, you think, wow, this is happening everywhere. But I've seen nothing of the sort.
Starting point is 01:51:49 And my town is fairly mixed, definitely. There's a lot of Hispanics, but we have very, very little problems. Very, very few. It always seems to escalate in the big cities. And then because it happens in the cities, that's where the big media is. And that's when it gets broadcast and made to be such a massive deal i mean it is a big deal of course but of course yeah i think i think it's overblown in terms of how many people of different races are really invested in it at least that's been what i've seen so far anyway
Starting point is 01:52:20 i like to imagine it as twitter has just come to life a bit too much. Yeah. It's, it's yeah. Twitter manifest in reality. Like the regular, like if you just ask some regular Joe, what he's,
Starting point is 01:52:35 what he thinks about just some Hispanic guy down the street, he probably has like, Oh, whatever. It's just a dude. Doesn't matter. Exactly. Doesn't care.
Starting point is 01:52:44 Doesn't care. He's happy to just do his thing. And I've got my job to go to. I don, doesn't matter. Exactly. Doesn't care. Doesn't care. He's happy to just do his thing. Like, I've got my job to go to. I don't care about him. Exactly, yeah. Actually, he doesn't have his job to go to right now, probably. Yeah. Well, I mean, around here, we're not too bad. We're mostly back to normal.
Starting point is 01:52:57 Okay, cool. But for a while, it was very frustrating. I'm lucky that in my job, I can work from home. So I don't have to go into my office or anything. I just was able to kind of roll with it. And I think a lot of people kind of take that for granted because I know so many people that are just housebound with nothing to do.
Starting point is 01:53:19 And I mean, that would play on anyone. When I'm able to occupy eight hours a day, for that start, I didn't really think about anything of it but now I think wow I got very very lucky yeah well for me I've been working retail during all of this so that's been an interesting experience um I bet yeah well grocery retail as well so pretty much the only place where everyone's meeting at it's the busiest place definitely yeah i'm lucky i wasn't working day shifts i i'm a night filler so i still get to avoid most of that but even then
Starting point is 01:53:52 you were still getting tons of people showing up the during all of that and it was during the peak of that i'd oh i guess early on i was thinking this was going to be another Ebola scare like we saw a couple years back, or H1N1, or all of the other pandemic scares we've seen in the past couple of years. And then it... I don't know what happened, but something changed, and all of a sudden it became super serious. I have a theory, and it's a bit of a conspiracy theory. I think that it was, in part, I do believe it's a very serious disease,
Starting point is 01:54:33 but I think it's been overblown somewhat. But I also think that the government, as a whole, kind of wanted to test the limits of what they could get away with in terms of a lockdown. But that's probably just the cynic in me. as a whole, kind of wanted to test the limits of what they could get away with in terms of a lockdown. Mm-hmm. But that's just probably just the cynic in me. I'm very cynical sometimes. I've definitely heard similar things to that, for sure.
Starting point is 01:54:57 I mean, I've had family members who have had it, and they've said it's not... Oh. Oh. You're back. We're pretty horrifying, but whether it's been, I don't know, another strain or various mutations, when it's hit here, it's had a high death toll, but when you look at the numbers, it's a lot more older people getting affected by it. Even though, of course, that is still serious. Of course. What just happened then?
Starting point is 01:55:26 You dropped out for a bit. Oh, sorry. Wait, did you not notice anything on your side? Because you completely disappeared from the call on my side. Oh, really? Oh, sorry. Sorry, no, I didn't realize. I thought my speaker went off because I heard you speak,
Starting point is 01:55:41 and then suddenly it was very quiet. Okay, so you did actually drop out. It just auto-connected again. Okay, that makes sense. Sorry, where did you last hear it to? I'm not even sure. I think I got the gist of what you were saying, though. Yeah, fair enough.
Starting point is 01:55:58 Yeah. So how long do you actually want to take this for? Because we're almost at two hours now I mean, I'm happy Whenever you run out of topics, I'm happy Okay, cool Live it up to you Cool, because I don't know how long you want to stay around
Starting point is 01:56:16 Because you, what is it, five in the morning now Or something like that? Yeah, it's about Just after five When do you sleep? I don't sleep for very long, to be honest. I tend to average about 6 hours a night. That's not as bad as I expected.
Starting point is 01:56:35 It's just the way my work shift goes. But hopefully that will change at some point soon. Because of the job I work, I am very bound by times and we kind of do what's called butterfly shifts so for a certain amount of time we'll work at one period of time and then somebody will take over from you right after you clock off and then maybe in a few months they'll completely rotate it so i'll be working the days and then sleeping the nights whereas now I kind of sleep late evening to very early morning and then that sounds
Starting point is 01:57:10 gross but it's kind of explaining it's true that's not great but my wife's used it she's still in bed well I guess if you're fine with it it works yeah it works but whenever we eventually
Starting point is 01:57:28 have kids it'll be a different story so definitely not not forever yeah that's for sure i do know a couple of people who do those like overnight shifts and they have kids and it i don't know how they do it oh it must be very taxing because at the same time at least you can get up, do your work come back, take the kids to school and then sleep yeah, I guess it would be fine if they were a bit older we're old enough to take care of themselves
Starting point is 01:57:55 but if they're still at that young age where they'll still need you throughout the night I don't know how you could possibly get any sleep like that. Oh it would be hell and your work forms would suffer. I've just kind of been coming up with topics off like just based on what we've been going on really um i think do i have one more left on here uh diversification there we go we'll talk about that for a bit so uh what are you like what do you actually have your money in right now so you don't have to be super specific but how are you actually splitting up the way that you're doing your investing
Starting point is 01:58:43 well i couldn't i probably couldn't tell you exact percentages up the way that you're doing your investing? Well, I probably couldn't tell you the exact percentages off the top of my head, but I have a large investment in land, but I also have large investments in crypto, and then kind of small to medium investments in gold and silver. You have talked about how you do like gold and silver quite a bit in some of your videos. Pardon? I said you do, you have talked quite a bit about how you like gold and silver in a bunch of your videos, about how it's been, I guess, a tried and true way of storing value.
Starting point is 01:59:20 It has, yeah. And it's got a lot of industrial use, particularly silver. I mean, any electronic computing device you have tends to have some degree of silver. So it's always going to have demand, even if the price fluctuates. And I mean, there's a lot of talk about how the price is being suppressed because of paper silver compared to physical hard silver. physical hard silver just because like it's the best way i think of it's kind of like fractional reserve banking you own something in paper even if that can't be backed up right so you have uh even though you actually have a a silver backed currency you're still you're still seeing the same sort of uh same sort of inflation that you can see with uh with fiat currencies. Exactly.
Starting point is 02:00:07 Welcome to banking. Sort of defeats the purpose of having the silver backing. Yeah, yeah, yeah. I mean, that's why I'm always an advocate for holding physical over paper or digital.
Starting point is 02:00:26 But obviously when it comes to crypto, you hold digital and that's all you've got. At least it's got an immutable ledger system to kind of keep it going. Whereas silver is not really the same. It's not crypto-based, it's just, I suppose it's computer-based, I guess, but it's not secure, necessarily. Well, when it does come to crypto, there are some coins that actually do expand the amount of coins that do exist within their system. Ethereum being one example of a coin that does do that. Yes, it has inflation, yeah.
Starting point is 02:01:02 So it's not like crypto is... So that'll hopefully stop, at least it'll go down at least i mean there's enough ethereum in the ecosystem and it's divisible enough that there's certainly not going to be any source supply shortage not for centuries yeah because the point i was about to say was um it's not like crypto is necessarily immune to the idea of inflation. Oh yeah, exactly. I mean, even Bitcoin is inflationary until the halving is so... See, each halving, the amount being minted gets smaller and smaller until we hit that 21 million mark.
Starting point is 02:01:43 So eventually it'll be so small the introduction of new bitcoin was so small that there'll not be any real inflation to it and i mean it's the same for a lot of currencies i mean i think well even library credits it has it's a hard cap of what is the hard cap in library credits i know it's got a hard cap, but... Let's find out. Is it a billion? A billion sounds right. I think it's a billion. I'm going to just find out. LBC. Not stuff from the UK. LBC coin.
Starting point is 02:02:22 It is... 1 billion, 8 hundred... sorry, 1 billion, 8... 83 million, 222 thousand. I got CoinGecko up here myself, yeah, that's right, yeah. So, I see the circulating supply is maybe just about two-fifths of that. So, until it hits the top, until it hits the full supply, it's going to be somewhat deflationary. But then, whenever it hits the cap, that's it. Unless they
Starting point is 02:02:57 change the protocol to say, okay, we're going to mint more, or we're going to be able to mine more, then that's when it becomes deflationary because eventually you'll get stuff lost over time just to various ignored closed accounts or someone who's lost their keys so it's it's still inflationary to a point and then it'll switch go the other way so there's you can oh let's see what i'm trying to say right um so there's by the oh make sure i think of what i'm trying to say first
Starting point is 02:03:35 within the next couple of years i'm not sure when bitcoin will actually hit its or at least not maybe hit its max supply get to the point where the halving is so low that getting to that max supply is going to take basically forever um over the next couple years while we're getting closer to that it's still going to be obviously inflationary but then once that shift does happen where the growth is so small that's where you could start seeing i guess that that shift in how the currency actually does grow if that made me sense. I mean it's also a degree of adoption let's say the user base stays the exact same it doesn't really
Starting point is 02:04:16 expand much more still being used regularly within the user base then if it becomes more deflationary then the price should theoretically go up. But if user base expands, then that means there's more demand for it, so the price is going to go up anyway. So there's so many aspects to it, really. I think anyone who... I obviously don't know a ton about
Starting point is 02:04:42 how the price is going to behave, but I think anyone who says they know exactly what's going to happen is trying to... They're lying. Yeah, they're lying and they're trying to sell you something. Probably, yeah. I mean, you see so many thumbnails saying, Bitcoin to $100,000.
Starting point is 02:04:59 And you think, yeah, but when? Because you're definitely not talking about this month. Well, yeah, you can go to $100,000 tomorrow if the US just triples their supply of money. Yeah, exactly. I mean, because it's $100,000, but compared to what? Compared to USD, which if it keeps inflating, then of course the value in relation to Bitcoin
Starting point is 02:05:24 is going to be more in terms of dollars. I think that's one of the cool things I do like about your channel, where you're trying to take the approach away from just looking at the pure USD value and actually looking at what it's actually worth. So going back to obviously the house example again with the gold, what it's actually worth. So going back to obviously the house example again with the gold, where obviously the amount of currency that you spend,
Starting point is 02:05:53 the amount of USD you spend on a house is considerably larger, but the value of the house has, if you're going to go buy something that actually has a physical backing, has actually gone down. In terms of gold, yeah, exactly. Yeah. I don't know what it's like with other... it could have gone up with silver, I have no idea, but the basic... the point I was getting at was you've... you're taking a different approach rather than simply looking at
Starting point is 02:06:17 oh the bitcoin is at this value in USD, it's more like what the bitcoin could actually purchase. Exactly, what's more like what the Bitcoin could actually purchase. Exactly. What's the point of large numbers if you don't get everything for those large numbers? What was the country? Was it Zimbabwe? Not 100%. I think it
Starting point is 02:06:37 might have been Zimbabwe. What they did is they just took the last two zeros off the currency. I think it was Zimbabwe. Might not even have been two, but it took a few zeros off, and then... Really, it's just illusion. It's just card tricks.
Starting point is 02:06:56 It doesn't actually change anything about the currency. It's still the same value, really. How many zeros did you say? I think it was two, but it's probably a lot more it was 10 and holy crap wow oh wait no sorry i've got a better number it was 12 apparently 10 plus two perfect there we go so that would turn 10 billion of their i don't know what the zimbabwe currency was called 10 billion of the, I don't know what the Zimbabwe currency was called, 10 billion of the currency into one of it.
Starting point is 02:07:31 I think it's called Zimbabwe. Is that what it's called? No, I'm just making that up. Okay, well, Zimbabwean dollar, apparently. Well, okay, that works. That works, yeah. Keeps it simple. That is absolutely insane. It is crazy.
Starting point is 02:07:49 I mean, when I was younger, I used to think about things like Korean Won. So the Korean Won has a lot of zeros. Well, not maybe a crazy amount. It's got a few zeros extra to it. And you think, if you have one one then how really do you spend that but then i kind of had to think about it how we have dollars we have we typically do have two extra zeros when we talk about cents so i don't really know what my point is it's just i think it's interesting i i think there's there's probably a point there somewhere.
Starting point is 02:08:27 A point somewhere, but I just find it fascinating how you can add extra zeros, you can take away zeros, but what you're buying is still the same. I don't know much about that currency. Does it actually have a smaller denomination than just the full one thing? It's something, I don't think so. I think it's just one. Okay. I mean, we don't really necessarily need the decimal places. We could just as easily say, instead of having one dollar and ten cents, we could just times everything by a hundred and say a hundred and ten dollars. Mm-hmm.
Starting point is 02:09:02 But you're still gonna be able to buy the board. It just sounds bigger. That's a good point. I didn't think of that. It's like when you get to Bitcoin and Satoshis. I mean, you have, what is it? Bitcoin's visible to eight decimal places. So you could say I've got one Bitcoin, or you could say I've got like 10 million, I think it's 10 million
Starting point is 02:09:25 10 million Satoshis 10 million Satoshis sounds more impressive but really it's the same thing I'm sure someone is going to complain there's some mathematical reason why that's different with Bitcoin but I don't know I mean it's the same principle, it's just a unit of
Starting point is 02:09:41 account really if you watch episode 1 that's one of the key principles of money it it's just a unit of account, really. Which, if you watch episode one, that's one of the key principles of money. It needs to be a unit of account. Yeah, when you first said that point, I wasn't really sure what you were trying to say there, and then you went and actually explained, oh, okay, well, it means basically you have, I guess, denominations. It's like, oh, that makes sense. Yeah, exactly, yeah.
Starting point is 02:10:01 I guess, denominations. It's like, oh, that makes sense. Exactly, yeah. Which comes back to the Zimbabwe point. You take off the zeros, you've still got a unit of account for it, but it doesn't really change anything. It's just the way you measure it.
Starting point is 02:10:20 Hmm. What was the point of Zimbabwe doing that? I think it's because the citizens had to actually take wheelbarrows worth their currency to be able to do their grocery shopping. Right. You're taking a whole wheelbarrow full of their Zimbabwe dollar and you leave with an empty wheelbarrow. Well, not empty wheelbarrow. You leave with your groceries in the wheelbarrow, but you have to leave the wheelbarrow the currency within the wheelbarrow they would pay for
Starting point is 02:10:47 it because it was inflated to such a ridiculous degree I know that a similar thing happened with Venezuela as well it did yeah
Starting point is 02:10:57 yeah I don't think it was to the same degree but it was still huge it was massive let's find out how bad Venezuela got.
Starting point is 02:11:06 Venezuela currency. Wait, is this talking about the current one they use? The Bolivar, I believe. Let's see. Let's find out. Venezuela's currency worth more as craft paper than as money. Wow. That's amusing.
Starting point is 02:11:39 That is from Al Jazeera. Great news source. I just looked up a Venezuela inflation calculator and the inflation rate is compared to 1980 2020 to 1980 the 40 year difference it's
Starting point is 02:11:56 17 digits times higher that's how 17 digits times higher. That's how worthless it's become. Jeez, that is... I don't even know what to say about that. I would say crypto might be your friend.
Starting point is 02:12:21 There does seem to be a lot of people on library who are in places like Venezuela and other countries that do have a lot of economic problems. I mean, it makes sense. I mean, if they're able to get some library credits out of it, like a single library credit is worth
Starting point is 02:12:38 more than their currency. Certainly in terms of dollar value and if their inflation is going up so fast, even today, it's probably going to be considerably higher a month from now compared to what it is today. They might as well use library credits because it's going to be much more stable.
Starting point is 02:12:55 And if they want to convert into dollars, then they've got dollars, which are much more safe than Bolivar, even though the dollar has its own problems. Yeah, it's safe in the Bolivar. I don't expect the US currency to go up 10,000, or to inflate
Starting point is 02:13:12 10,000% by tomorrow. That's not something I see happening, but the Bolivar could happen. Probably will. It could very easily happen. I mean, you have to feel bad for the people kind of caught in the middle of all that who are suffering so heavily because of something not their fault.
Starting point is 02:13:31 Yeah, that seems to be a common point you bring up in a lot of your videos, where you have a lot of this posturing from governments trying to be like, we're going to do this with the currency and this with the currency, and then the citizens are caught in the middle just trying to get by day by day. Well, you'll like this point. So, in the fall of Rome, which is a topic I love to bring up. You really do like the fall of Rome. I do, I do. It's very interesting.
Starting point is 02:13:59 It parallels today so heavily. But this point's a bit different. today so heavily. But this point's a bit different. So a decree was passed that made it so that your son could not be in a different trade from you. Your son had to take on
Starting point is 02:14:13 your family business because the inflation grew so bad to the point where people were leaving their trades. And let's say it was a blacksmith. If a blacksmith was earning a good living, but then suddenly the inflation went sky high, then they wouldn a blacksmith was earning a good living but then suddenly the inflation
Starting point is 02:14:25 went sky high, then they wouldn't be able to earn a good living anymore. And they would stop being a blacksmith. They'd find something else to do. So three years passed, they made it so your son had to take on your role when you finished. You couldn't just leave your trade for another trade. So
Starting point is 02:14:42 it's absolutely nuts. Can you imagine if you said your family, your mother's side I believe, came from a farming background? Yeah, both sides came from farming backgrounds, but I don't know where I brought them from on the other side, but yeah. I mean, imagine that, having to then take over that farm, and then saying to your son whenever you have one, right, you now need to take over that farm. That's going to be your destiny.
Starting point is 02:15:12 Imagine that with a modern approach with all the kids who now want to be youtubers. I was a youtuber, now you must be a youtuber. Yeah. Imagine that. Imagine that. It's just scary, the length that governments will go to just to try and take into position. There's definitely... Obviously, you can make the argument that it is trying... that some governments may be trying to do it
Starting point is 02:15:42 out of the, I i guess the goodness of their heart but there's i think you're probably right that most people are just trying to maintain their power and try to do whatever they can to try to keep themselves in power well i think part of the problem is that a lot of government workers don't know more than your average your average other says in fact a lot of government workers don't know more than your average other. In fact, a lot of times they know even less because they haven't been exposed to the markets. And when you don't know anything about the markets, you don't know anything about money, you don't know anything about the currency,
Starting point is 02:16:16 you're going to take what you think is the right approach that ends up being the complete opposite. And a lot of it, I believe, is probably accidental. But when people try to control markets, it's often people controlling markets that have no idea about markets. And a lot of it, I believe, is probably accidental. But when people try to control markets, it's often people controlling markets that have no idea about markets. Hmm. Yeah. I don't know what to say to follow that.
Starting point is 02:16:42 I could be wrong, but at least that's what I think. No, I think you're definitely right. Especially if it would be true... I imagine it would be true that a lot of these people who would know as much or even less than just your regular person about how a market would function, I can't imagine having these people being the ones who are in control of it would produce a positive result. Exactly. I think that tends to be the socialist approach. They think they know how it works. It's a Dunning-Kruger effect. They have a very,
Starting point is 02:17:14 very limited understanding, but they know a few terms. And then when they actually try and do something with that, they end up realizing, oh crap, we don't know anything about this. Better double down. Well, I think that might be as good a place as any to end off the podcast. Because I don't really have much else to say. I've kind of been trying to keep it going, but I'm getting too tired now. It's going to get worse if I keep doing that.
Starting point is 02:17:43 No worries, no worries. Hopefully next time I keep doing that. No worries, no worries. Hopefully next time I'm less tired. But, I don't know. I can't imagine you'll be less tired though, because it's still probably going to be really early in the morning if we do that again. Hopefully my shift changes.
Starting point is 02:17:58 Oh yeah, of course. If you go into your other shift, then maybe it'll be a bit easier, because then we could do it in my morning or something like that. Which would be like your maybe midday or something we'll flip it around yeah yeah but no honestly it's been fun and i really appreciate you having me on yeah no worries for a month as a creator so it's great i thought it'd be a bit longer than that no it's i looked i looked before we started the podcast. I think it's 25 days since I created my Aries Can Aries account. Hmm.
Starting point is 02:18:31 Well, that's sort of what I want to do with this podcast. I don't want to just, like, obviously I can. There's a lot of people who I don't want to bring on who are, like, bigger creators. And I do have some connections with them. And I could get them on. But I still do want to bring on people who are, like new to content creation who are producing like really awesome stuff like you are thank you so no i think that's a good approach yeah it gives people an opportunity yeah and obviously i also do like bringing on my friends as well because that's always fun to do as well
Starting point is 02:19:01 yeah absolutely so uh something I've been doing towards the end of each of the episodes recently is getting my guests to just give a shout out to some random other channel you've been enjoying lately.
Starting point is 02:19:15 Ooh, let me see. Let me, see, I watch so many. Let me check. I've been enjoying Trav Crypt he's really nice guy he's oh yeah I've got my videos like playing basic concepts he's good
Starting point is 02:19:34 he's also been very supportive of the channel he's always commenting on my videos and it's nice because it gives a bit of back and forth yeah I have noticed he has been commenting on pretty much everything you put out which is it's awesome. It's good I like it. He's a nice guy. What does he do? So is Bitcoin anonymous? Money flowing into Bitcoin? Remittances with crypto? Yeah it seems like a pretty cool channel. I might have to check him out myself. He's got his Trap Crypto. He's got the Library Daily report.
Starting point is 02:20:10 And then he's got... Or is it Library Daily? I think it's Library Daily. He's also got Trap Travels. So he's all about libraries. Cool. As for me, let's see what I'm going to chat out today. What do we have on my subscription list? chat out today. What do we have on my my subscription list? Yeah here we go, here's one. So this is actually a... he's only got a couple hundred subs on on library
Starting point is 02:20:41 right now but he has a couple thousand over on YouTube. He's a Linux creator who mainly focuses on audio work, so He'll do, like he's got videos where he does like beatboxing videos But then he'll go over other videos where, or do other stuff where he's like, oh here's this here's this open source software where I can like like I have an open source synthesizer or Here's a Linux distro I can use for audio production, things like that.
Starting point is 02:21:10 So, yeah, this is a pretty fun channel. I understand half the stuff he's talking about, because audio stuff isn't really what I'm super knowledgeable about, but it's certainly an interesting channel. What was the name of the channel again? I posted it in chat. I posted a link to his thing.
Starting point is 02:21:28 It's Unfa, if anyone who's listening to the show. So, U-N-F-A. I'll give him a follow too. Yeah, he's a pretty cool dude. I should probably send him a message, see if he wants to come on the show. I've never spoken to him before, but I imagine he'd probably want to do it. Well, I mean we're all about building communities and libraries so... Yeah.
Starting point is 02:21:52 Yeah. Oh. Ah, yes. I recommend the profile photo. I've seen him before. Yeah. Okay, so... if you have nothing else you want to say then I'll just shout out my patrons I just want to say thank you again, that's all I appreciate it
Starting point is 02:22:13 so before I go I want to thank my patrons a special thank you to Joachim, Nathan, Andrew, Montazar, P.O.D, Road, Tony, Noel, Fulari and Zilver if you want to join the Patreon there will be a link to that down below, as well as my Amazon affiliate links, where you can buy the gearies on this channel, or anything else you want to know, a small kickback for it. Also, check out my main channel that's available on Library, BitTube and YouTube.
Starting point is 02:22:38 Library, BitTube, BitChute and YouTube. There we go. I've done this enough times, I should know already. And also, if you're listening to the audio version, the video version is available on Library and YouTube. There we go. I've done this enough times, I should know already. And also, if you're listening to the audio version, the video version is available on Library and YouTube. If you're watching the video version, the audio version is available wherever you listen to audio podcasts. So, I think that's pretty much everything for this. I just forgot to ask you to mention what your platforms are. Yes, I'm on Library, of course. I'm on YouTube. I'm on my library of course i'm on youtube i'm on bit shoot gab minds and twitter those are my main ones is it just arias and arias on all of those yes it is yeah oh sorry for twitter it's arias underscore canaris someone already took it yeah i know how that feels that's why my name's not brody rober on Twitter. Yeah, so that's actually good, consistent branding.
Starting point is 02:23:26 I should probably do better myself. So I think that's pretty much everything for this episode. So Hal, do you want to sign out the podcast? If you're not following Brody already, follow him. But you probably are. Thank you. So that'sdy already, follow him. But you probably are. Thank you. So that's pretty much everything for us. Arius is welcome back on the show whenever he wants to come back on,
Starting point is 02:23:52 especially if you guys want to see him back. If you want to come back, you're welcome. Yes, thank you for having me. Absolutely, back another time. Awesome. There we go. I'm going over my words again. Yeah, all good, man.
Starting point is 02:24:04 I'm kind of going over stuff again as well um yeah so that's that's pretty much everything for this and uh yeah I don't know how
Starting point is 02:24:11 I still haven't worked out a way to sign off this podcast so uh bye I guess bye

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