The Ben and Emil Show - PP Episode 6: Are Credit Card Points Coming to an End?

Episode Date: July 27, 2023

Will new proposed changes to credit card merchant fees end rewards points as we know it? Does Ben look like a waiter? Is Elon's new "X" everything app dumb as hell? What is going on with Sam Altman's new crypto currency? Find out in this grade "A" episode of Paypigs! Get bonus content on Patreon Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome to another episode of Pay Pigs. Episode number six. I screwed it up. Gosh. Gosh. Do I look like a waiter? I feel like I do to be a waiter. Hello.

Hello. And I feel like I'm trying to tell my girlfriend a story and you're just hovering. And I'm like, it is the worst when a server comes up and interrupts you in the middle of something. Right. You're discussing. Terrible. Like what kind of stuff are you saying? I don't know, just any kind of story, anything.

Oh, when you're like right in the middle and he's like, jumps right in. Yeah. Or like I was breaking up with someone five years ago. Yeah, we remember. At a restaurant and I remember thinking, why did I choose to do this before the food came out? And then I had to go cancel the order with the waitress. She was like, we see everything okay? She was Russian.

Hey, folks, we got movie night coming this Sunday at 5 p.m. Pacific time this Sunday, July 3rd, on Patreon for Patreon subscribers. For Patreon subscribers, but you'll have to access it through the Discord. Yes. So we're going to put the link to the Discord in the description because some people, there was a little bit of confusion on where you find that. Yep. But then once you are logged into your Discord, you also have to connect it on Patreon.

Yes. Sorry to make this experience a... You have to go under the desktop. An IT support. But yeah. Go on your desktop. version. Right. Log into your web browser. Yes. Connected apps. Yes. Go in settings on Patreon.com. You'll figure it out. If you can't figure it out, ask someone in the Patreon or

ask your mom. No, don't ask your mom. She will have no idea. Ask someone in the Discord maybe. Yeah. Or post to the Reddit and say, hey, I'm trying to watch the movie with them, which is Monsters Inc. I'm trying to watch Monsters Inc. I'm trying to watch Monsters Inc. with Ben and Emile. Could someone please help me link my Patreon to my digital? Discord. And if you can't get it from there, don't know what to tell you, Bub. Don't know what to tell you. If you can't get it from there, my mom still doesn't fully understand what Patreon is. So it's Patreon. So I don't get it. What do I? So I don't understand. Is it like YouTube? She's going to be so pissed when she hears this. It is a confusing thing. Yeah, sure. Yeah, it's confusing. I get it. Hey, I want to give a special huge shout out to Tom. Tom Buzz. Dude, Tom Buzz. Yeah, Tom Buzz just got diagnosed with leukemia.

Okay, I didn't know. Or lymphoma. Hodgkin's lymphoma. I thought it was more of a... Sorry. I thought we were doing it. He'll appreciate it, though. He's...

Okay. A friend of his reached out to me via DM and said, hey, can you give him a shout out? Is it the good one, at least? I think is Hodgkin's lymphoma the good one? I don't know. I think it is because I think my brother's got it. I should know that.

Fuck. Tough way to start. an episode. Whoa. Well, we can only go off from here. I don't know if you guys have noticed, but we are, we're trying something out. We think we're trying to get more front facing, be more audience oriented. That's right.

And we hope. Also, one more thing. What? Got to apologize to every YouTube person watching the absolute manic title changes. Oh, man. I made the mistake of, I, I. I met with a, I met with a company about like fucking bullshit SEO stuff. And they told me all these things about A, B, testing with titles and thumbnails.

And I told Ben, I said, damn, did you know like Mr. Beast will change his thumbnail and title X amount of times? Isn't that crazy? Yeah. And then the next thing I know, we released the video. I didn't even notice. I'm seeing comments going, how many times are you guys going to change the fucking title? It's really weird. And fucking stony baloney over here. What?

Got high and I guess maybe my... Yeah, I went a little bonkers. Really got in the crook of your head. Yeah, yeah. I thought, surely people won't notice, but apparently people noticed, what are they, what are you guys? You little freaks clicking refresh every couple seconds? Geez, wheeze. Ben thought he could, uh,

title change our way into a viral video yeah but also we had gotten i appreciate everybody's patience including it especially my we're figuring my comrade here yeah he just texted me l-o-l yeah next time don't get stone changed the titles anyway all that's to say we figured it out and um we're hoping to to be better at not pissing off youtube because that was the thing that I was trying to yeah avoid because we had a little restriction going YouTube's always pissed at us yeah uh better to better to be pissed at YouTube than pissed on by YouTube we've done both yeah yeah well speaking of apps um look we're not going to spend a lot of time on it we have to talk about it but we're just going to briefly touch on it we actually don't have

to talk about it it's worth mentioning it's worth mentioning that twitter dot com is now called X I don't know if it's X app or just, I think it's just X. Well, right now the web browser is X and my app is not X. Yeah, and it's, I'm going to be so annoyed when that becomes, yeah, it's still just a, still just a blue Twitter. Yeah, X is, X is the new name for Twitter that is just, I don't, I don't, it's, it's, it's Elon Musk's everything app that he wants it to be. and he today as of this recording two days ago for you guys um he said that he believes that x

is going to become the most valuable company in history oh he said it could it could become half of the global financial system jesus god man well at least he's not at least he's not at least he's humble at least he's humble at least he's not doing what's that called fucking pie in the sky stuff uh but the the twitter's sorry x yeah it throws me off because it looks pornographic In the corner. I always have tweet tabs up and I'm like, Jesus Christ, what was I doing? Yeah. It's like, oh, no, I was just, I was just doing it.

I bet that that's something that he did on purpose. Oh, it looks like porn. 69, 420. Everybody's going to. Thing in the world. Someone said that they believe that his ultimate goal is to make all URLs switch over to dot triple X. Did I ever tell you this? The story about it?

Do you remember about 10 years ago, dot triple X? Yeah, we talked about this on, um, um, um, A previous show. Yeah. What was the previous show called? I don't even remember at this point. I can't remember what it was called. Yeah.

It feels like a fever dream. Yeah, I don't know. But. Where I bought Pinocchio. Triple X? Yeah, and I was saying that it should be, they really missed out because it should have been dot com. That's right. It should have been dot com instead of dot triple X.

Well, anywho, I think that Elon Musk fucked up because you had, it's like HBO switching to Max. You had such brand recognition already built in. It was a verb. but you would tweet something on Twitter. And now what the fuck is this going to be called? You're going to exit, dude. Oh, Jesus Christ.

Exist for me real quick? Yeah, a lot of people are questioning why he even bothered to buy this thing in the first place and why not just build out your own app if you were willing to spend $44 billion. And of course, his fanboys are like, oh, you dumbasses don't get it. He was buying the user base so now he could turn it into what he really wants to be. Yeah. Well, X, God, I'm so annoyed that I have to, I'm just going to say Twitter. The Twitter CEO Linda Yakorino tweeted, it's an exceptionally rare thing in life or in business

that you get a second chance to make another big impression. Twitter made one massive impression and changed the way we communicate. Now X will go further transforming the global town square. I'm so fucking sick of the town square. Yeah. Burn the town square down. Yeah, I'm tired of it, man. like, is there a statue in the middle of the town square?

I can fucking toilet paper. She goes on to say, X is the future state of unlimited interactivity, centered in audio, video, messaging, payments, slash banking, creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we're just beginning to imagine. It sounds like that on the final season of Succession, the Living Plus. Is that what they were?

Yeah. It just sounds like a bunch of bullshit buzzwords thrown together by an AI. Right. It also feels very silly. Like, people were pointing out that like they're trying to get the trust that people to now use this thing as a payments app and a banking app.

But Twitter at its core is like a ridiculous app, right? And now, you know, so they're posting screenshots of the CEO, you know, upvoting. weird vaccine sentiments about fucking brawny james and like all this stuff yeah oh yeah sure this is where i want to do my fucking because lebron james's uh 18 year old son suffered cardiac arrest today during practice which is really terrible and then immediately almost immediately Elon Musk was tweeting about curious curious myocarditis because he's a fucking expert but which is fine i predicted the pandemic wouldn't amount to anything.

Which is fine. There's always been a, there's always been a element of, this place sucks. Yeah. And like, there's going to be horrible discussions going on, but it's not necessarily where I want to do my banking. And there's also always, there's always been fucking scams and bots and fucking whatever. So fucking many. Yeah.

That it reminds, you know, he famously now loves ketamine so much. And I think that part of this. It sounds like a ketamine idea. Because when you're deep in there on ketamine, like the real serious ketamine, you feel like a fucking, you feel like the stars have aligned in front of you and you have all the answers and you understand. So I cannot imagine the level that he feels it when you're the wealthiest man in the world and you're in there like, oh, okay, you come out of you. You're like, and everything app. But just put them all together in one app. like you fucking what are you a high schooler like that's a that's a stone guy idea yeah

well if we had everything he's kind of a stone guy yeah ideas guy already well god bless him i hope that he truly ascends to trillionaire status in that case and then he can i'm sure you saw that the the thing about how meta actually owns the use of x as a social media i don't know i don't think that it's true you don't think it's real i i looked into it and it's like part of a longer sentence and either way it's like okay well the only thing we can really hope for is that these two run each other into the ground somehow oh i thought that you were going to say that the funniest thing in the world happens to elin while he's driving in a tesla using full self driving because that that would that would be something that is another thing we could hope for

yeah yeah um for sure well speaking of shitty CEOs i wanted to touch on this really fast so once a year reddit does this really cool thing and another website that my mom doesn't understand. So what's a Reddit? Like, well, it's a website. Your mom's going to be so pissed. Yeah, it's going to be so pissed. But I love her so much.

Yeah, you're a big R placehead, R slash place. I like place. I think it's really cool. It tickles a certain part of your brain. Yeah, some might say that it's, some might say that it's the part that really stims out. You know what I mean? Whoa, apparently it's, is it broken or something?

Is place broken right now? Well, so if you don't know, no place is is it once a year reddit um has this uh has this thing where they they have a a giant empty canvas and every reddit user is allowed to place a single pixel on on the canvas every five minutes or something so it really encourages entire communities and subreddits to band together to make their mark on this giant canvas and i can't fucking get it to pull up right now i don't know why that's happening, I don't know if they might be taking stuff down because of, I know, so they asked, they asked someone if they were going to be able to keep everything up and

they said it, you know, it goes against their, oh, you got it up. Well, so as you can see, I mean, this is just was posted on the thing. I mean, it becomes a shit show. It's a total, like, there's a ton of bots. But people create cool things. People create incredibly cool things. If you've got a minute, I suggest you go to Reddit.com slash R slash place and just spend as much time as you like just admiring the things that people make i personally have helped

place a few pixels on the american flag oh thank you for your service thank you thank you for recognizing me it's really so disorganized and this year it's a bummer they've got one it's actually pretty good i they've got the um the bass pro shops pyramid as one of our like national monuments in there but so they the reddit ceo's username is spese and there's a huge um there's a huge what would you call this piece of fucking art there's a huge thing that says it's just it's supposed to be international yeah yeah you've got it says fuck spes and it's got the flag the french flag the rainbow flag the trans flag the german flag indian flag mexican flag everybody and And then within each letter, you can see it says fucks, Bez, because of the API thing going on.

Right. And they've been fighting them ever since on, you know, they're like, they've just been going to war with the mods. But yeah, Steve Huffman. That's his, that's his name. Yeah, Steve Huffman. But I know when they, I thought they were going to start removing stuff because they asked, it must be a Reddit spokesperson, Courtney Giesie Dore. She said, she pointed to the R slash place canvas rules.

One of the rules says that targeted hate or harassment of private individuals, including mods and admin, and protected groups are violations of our content policy rule one and will be removed. In addition, posts, comments, and imagery that are hateful, graphics, sexually explicit, and or offensive are violations of our policy. Rule six, and will be removed. So maybe the, yeah, but Spez is not a, well, I guess. She also declined to specify when the R slash place canvas will close. Yeah. Because they'll, they, are you okay? eyes are watering. For the audio listener, his eyes are watered. It's fine. I'm fine. He gets

a little bit cleft when he's talking about Reddit. R slash place just really gets me fucking going. R slash cry over here. Jeez. G. R slash emotional. Yeah, I really like it. It's really cool. You zoom in and you see all the little, I like seeing just the teeny tiny little like five by five squares that people leave. I tried to do that for myself one time, but they just, they bulldozed over because somebody always has a bigger discord or something. We'll have to try to get our own Discord community making a little square for us, a little piggy face or something next year. That'd be really fun.

Yeah. But the other big news that I'm pretty effing pissed about in your two esteemed co-hosts see differently. We do not see eye to eye on this. We don't know. Well, whatever. Well, so there's these new credit card rules. that could, could potentially mean the end of credit card rewards.

And it's, it's, it's shrouded in what would appear to be something that's beneficial for the consumer, right? Yeah. I mean, it'll probably be most beneficial for merchants. What, what they're trying to do is pass. Smaller merchants. Yeah, which is, yeah. Yes. They're trying to pass the credit.

credit card, shit, what is it called? Credit card competition act. Credit card competition act, which they tried to pass last year, couldn't get it done. And now they've got a bipartisan group of lawmakers trying to make it happen. And they're aiming to, you know, because Visa and MasterCard basically processed like 80% of credit card payments in the country. And the U.S. has one of the highest fees for this, right? The average in the U.S., 1.8% per transaction. You know what it is in the European Union?

2.2. I said we have the highest one. Oh, wait, and what was ours? Don't worry about it. It's 0.3%. I was pulling up these things here. And I don't necessarily agree that this is the best way to go about it. I think the reason they're so low in the European Union is because a lot of these countries have capped to them instead of

doing this like cockamamie we're going to promote more we're going to promote more competition and you know make it so because what they're saying is that you have to have different you have to have different processors available so it's not just visa and mastercard right that opens it up to a lot of smaller companies who might not be as secure and then you're opening yourselves up to like credit card fraud and all these things right and so I don't think this is necessarily the best way to go about it. I think they should really just step up and do the thing and cap rates. So we're not paying exorbitant fees. Because what's happening is like, yes, credit card rewards might be affected by this. But it's only possible because they charge these exorbitant fees. And we're paying for all

of that. Yeah. It's, okay. So just to summarize, whenever you do a credit card transaction, there's a fee attached with it. It's called, I believe it's called an interchange fee. And the merchant, like the gas station, the convenience store, Ralph's, Bonds, Amazon, whoever you're buying your goods or services from is paying that fee. And they are paying that fee to whatever credit card company, Visa, MasterCard, Discover, or American Express, which are the four big ones. They're paying that fee for convenience processing. There's like, I think there's actually like a hundred different fees that are squeezed into that tiny little percentage that they take.

So Visa and MasterCard, I believe, twice a year, renegotiate, but basically because there's no negotiating. It's just, hey, we're changing our fees, we're doing this thing. So the Credit Card Competition Act that's being proposed would require financial institutions with more than $100 billion in assets to offer merchants much more say in how credit card transactions are routed. This is from this Yahoo finance article. The bill stipulates that at least two unaffiliated networks must be available and they can't be Visa and MasterCard. So it could be Visa and American Express or MasterCard and Discover, for example. There's also the possibility that smaller networks could enter the fray. These might include the likes of Shazam, Star, and NYCE, which currently process a small share of ATM and debit card transactions or new competitors might emerge, like you said.

but so here's the interesting thing the first time that such limits came to play was in uh the debit cards yeah the debit card yeah the same senator durbin uh the durbin amendment act or the durbin amendment which is part of the dodd frank act took effect in 2010 it capped it capped the credit card interchange fees yeah uh the debit card interchange fees excuse me and so part of what they were saying was is going to ultimately benefit the consumer just as much because surely the merchants are going to pass the savings onto the consumers, you would think, right? Because that's what companies normally do. Hey, we're saving that 3%. Let's pass it on to Joe Sixpack, right? Well, according to this Federal Reserve Bank of Richmond survey, averaging across all sectors,

it is estimated that the vast majority of merchants in the survey, 77.2%, did not change prices post-regulation. Very few reduced, yeah, very few, 1.2% reduced prices, while a sizable fraction of merchants, 21.6%, increased prices. Right, but I also don't think, so this wasn't a, like, sweep, it was just debit cards. Right, and they capped it. But... Versus this just... But so that doesn't do anything to the credit cards, the credit card fees.

Right. But what that did do is back in the day, here's from 2015, the points guy article about where have all the debit card rewards gone. Yeah, they basically took them away because the banks were like, well, we're not making these huge fees anymore, so we're not going to... Yeah, we're going to cut corners where we can. And what that ended up actually doing also was raising... But you're paying for it either way.

That's what you have to realize. True. So they're going to take it away. they're going to take away the rewards if you're not paying that fee. Right. And the goal is to make sure those fees are not passed on to consumers anymore.

Right. And the thing is, and the hope is that, because right now, it's a small share of people who get to enjoy the rewards. Right. To access these credit cards

with all these, you know, travel rewards or diners rewards or hotels or whatever, you have to, it's for people who have high credit scores you know they're not giving them out to people true who don't meet that threshold so right now people are pretending like oh they're taking away all these things whatever it's and the goal is

to yes you might lose rewards on that the small portion of people but hopefully these feeds will now go away and everyone can enjoy lower prices I'm skeptical of that happening I'm skeptical I'm skeptical of it working here with this yeah in part because but they have have been able to do it in other countries. Right. So one of the things, it's a mixed bag, right? So when they did it with the debit cards, it enabled merchants to offer discounts to customers who paid with cash and enabled them to enforce minimums for credit card

transactions since interchange fees eat up a large portion of small transactions. But one of the other unintended side effects was banks had to make up for, they're not just going to take the cut on okay yeah i guess we're not being able to charge as much for these debit fees so what did they do they jacked up other fees they jacked up overdraft fees yeah i mean that's when you get into like okay make a broader bill make sure like that they can't respond right with these kind of you know and one of the big differences between so the debit card one was a straight up cap that that's no cap fuck the other thank you The other, the credit card one, so while the credit card competition act would not explicitly

cap interchange rates, which is what devastated credit card, debit card rewards, the intent is to lower fees by incentivizing competition. On the face of it, that's a noble goal. Again, this is back from the Yahoo finance guy, but rewards could, he said would vanish. Retailers would pocket the, this is kind of a doom and gloom view. Retailers would pocket the difference and consumers would be left. empty-handed. Other fees might go up too. He notes how it became harder to get a checking account and overdraft fees and ATM fees rose after the, after the 2011 debit card one.

And then they go on, he goes on to mention the data security, that these existing powerhouse companies, he's asserting that having four networks is enough, that that's enough competition in the space. And that part of what will set them apart is the data security. And that, oh, with an increased competition, you might have fledgling startups that don't have the resources, money. The proof is in the pudding. It's like, what do you mean? We have the form. We have the highest fucking fees on average. You know, what are you talking about? Right. So I guess I hope that in a perfect world, we would have reduced fees, but keep our precious rewards. At the same time, if you got rewards out there, use them. Don't just sit on them. Don't make the mistake that I did,

with my American Airlines miles and just sit on them and then they get taken away or like what I did with my Alaska miles and they because they'll change how points are valued too like I had I mean not only that inflation I mean yes points are going to be worthless I know a lot of people like sit on them like I've got so many points it's like use them yeah oh airlines and and the companies will regularly reassess and revalue their points like it was going to cost me 90,000 points to do that Emirates flight And when I went to go book it, they had doubled it. And suddenly it's 180. I kind of have a lot of points I got to get rid of. I got a lot of points I need to get rid of. We'll get rid of them. Oh, yeah. I can't wait to get rid of them.

I'm so good. So hard. I'm going to get rid of these points so hard. I mean, all my summer travel has been on points. So, I mean, I'm getting rid of them. I'm just. Are you been using them for flights or hotels? Both.

I mean, my entire. Both of them? What? You didn't say both. I just did it because I was being stupid. No, I know. All my flights, flights to, flights to Ireland for the wedding,

flights to Mallorca, flights to Rome, or flight home from Rome. Jesus Christ. The entire hotel stay in Rome. Jesus Christ. Points. Chase or Amix?

Both. Wow. Both? Oh, man. Yeah, that's pretty incredible. I've never used, I rarely use points for hotels. I do too, but you know what? I looked at, so for the wedding in Rome, they gave us a big list of hotels where they recommended staying.

They were so expensive. And I was like, Jesus. How much? $300 a night? $400, $500? Dude, did you? $700 out of control. And so I basically found, it was the one I liked anyway.

It ended up being the cheapest. And on their site, it was like. it was like $2,400 for the total stay. And I was like, holy shit. Wow. And then I said, okay, I have to do it in points because I'm not paying $2,400. And then when I went on to the Chase Portal,

it said it was like $950. For the whole stay? Yeah. What the fuck? Was that points and cash combined or just if you book it's... You could pick either points or cash. Wow. So what did you, did you pay cash?

No, I just used the points. So you're telling me that. that the same hotel was half, more than half the rate on the Chase portal. Yeah. That's incredible, folks. That's incredible. Well, so here's something from the Forbes. But that's the thing.

It's such a fluke. Like, yeah, you never know. It's, I was finding the same thing with flights. It's like you would, I got my, whatever, this attorney, who cares? Yeah. You can find insane deals. Also, if you're worried about the points, the rewards being taken away, the amendment that's being proposed is one of more than 800 that are added to the Senate version of the National

Defense Authorization Act for the fiscal year of 2024. The House has actually already approved a competing defense bill that doesn't include the credit card fee changes. So that's good. But do, so when you're concerned about the high fees, are you coming at it from the view of consumers or merchants? Both. I mean, especially you're talking about small merchants. I mean, it's already so hard to fucking start a small business. It's like, yeah. You know, then you're, I mean, you know, look at these numbers, right? American Express is like almost, I want to say four percent. Last year, U.S. merchants paid $126 billion in processing fees.

And, yeah, I mean, Visa just posted their earnings today and they beat across the board. Surprise. So, and the thing is, like, you're not going to not accept credit cards, right? That's just going to tank your business. So it's like you're just completely forced into this. Yeah. I don't know if you've noticed, but you basically can't. use amex in a lot of

European countries. Because the fee is so high. It's, they just don't. Yeah. I would say when I was in Paris it was like two out of ten places used. I just use my visa. It's generous. Yeah. Chase card. Ah. Hmm.

Well, fuck, I should really use my miles. I should use my points before something happens and they take them away. Not because of this, but like if something happens, I like I said, with American airlines where they just fucking took them. They banned me.

Can we talk about Sam Altman? That fuckface you mean? Fuckface, Altman. Sure, whatever you want to call him. Yeah. So this is a, so two things. This is hot off the heels of, he's, he's, he's, he's started World Coin Crypto, but hot off the heels of news that his chat PT, chat GPT project is, uh, potentially getting worse over time. So, you know, they've been looking into it. This was researchers at Stanford and UC Berkeley.

They claim that GPT4 and GPT3.5 respond differently today than they did a few months ago and not always for the better. They found it was spewing much less accurate answers to some more complicated math questions. Previously, the system was able to correctly answer questions about large-scale prime numbers nearly every time it was asked. But more recently, it only answered. the same prompt correctly 2.4% of the time.

Right. It's a pretty steep drop off close to every time and then getting it about 2.4% of the time. Yeah, some users, this is from the same article, some users reported that when asking the bot to restructure a piece of text, the bot would routinely ignore the prompt and write pure fiction. So useful. I kind of like that chat. GPT is getting bitchy.

Yeah, it's totally getting bitchy. Others noted that the system would fail at relatively simple problem solving tasks, whether that's math or coding questions. Right. And the coding, which is a lot of people thought this was going to be huge for coding. People were going to be able to have a much lower understanding of how to code and be able to use these things. But they found that GPT4's coding ability also deteriorated like a college student suffering from senior artist Christ who wrote this. Only 10% of the code worked per the platform's instructions. Whereas in March, 50% of that code

was executable, which is still pretty shitty. Only half the time the code works? Yeah, but I mean, I guess... When they rolled this out, they're like, okay, we're at 50%. The goal is that we start getting that up and up. Yeah. But now they're at 10%. And their VP of product, Peter Wheelender, put it bluntly.

He said, no, we haven't made chat GPT. We haven't made GPT4 dumber. He claimed that more people are using it and are simply coming to terms with the limitations of it. So that could be the case. but I don't think so. I mean, it's pretty objective that, hey, it's, it's, these researchers aren't, right, that's new people being, um, underwhelmed by its capabilities.

It's measured. So it, it brings us back to what we were saying before a few weeks ago or whenever, a couple months ago that this is all probably, even though it's legitimate and there are some pretty amazing use cases. like, for example, Photoshop, the way, holy shit, it's incredible. It's, it's, it's, oh, yeah, yeah, Adobe's thing, but otherwise. Of course, there are some instances where this, this totally makes sense, but the, uh, the idea of it being, like, integrated into every product is not something we need.

Did you see, I mean, Microsoft stock jumped like 5% to new all time highs, uh, last week. when they announced their, I think their subscription model, I think it's incorporating AI into office, the office suite. Like Dunder Mifflin style? I don't get, I mean, I get the joke, but I don't get it. Did they incorporate some tech or something? No, just he said the office. Oh, oh, the office.

You know, it wasn't worth it. We'll probably cut it anyway. No, no, I don't think we'll cut it. I think we'll leave that in there. No, we probably won't, because it does, I don't think it made, No, it made sense to me. It was pretty good, man. Thanks.

The office. And I said the office style, which, what does that even mean? Damn. Man, this episode, we might as well just start over. Yeah, we could. This one sucks. But they announced that they're doing it for like $39 a month or something. And of course, that's what pisses me off about all this stuff.

is the way the market then reacts because it tacked on tens of billions of dollars in market cap to Microsoft. I don't understand exactly what they mean. I haven't used their, I mean, I have, I pay like $7.99 for basically to use Word and Excel. But you pay for a Microsoft office, the office? The office style. You pay for the office? What the fuck?

They're just, it's stupid, but it's low enough where I'm like, Because they're just sometimes when you can't do something on Google Docs. Like what? Don't put me on this. No, no, because I want to know, maybe I'm fucking up by using Google Drive like a moron. It's more in like, it's totally fine for teamworking and stuff like that. It feels, and maybe I'm just old. Maybe I'm just used to it.

And there are certain things where it's like, I don't know, I don't like. There are just certain, like, especially if I'm sending things to people who are not like in the entertainment YouTube world. Yeah. I'm like, I need a Word doc. It's stupid. Oh, yeah, yeah, yeah. Yeah, totally.

The word doc is still a prolific prominent thing. Right. Oh, my mom would be a great example. Yeah, it's just, it's dumb. What is Google Sheets? Do I have to download at that? But it's like $7 is low enough where I'm like, fuck it. Right.

But, but yeah, a lot of these things are, I don't know. There are things where it's like they have predictive text things already. It's like, is that what they're telling me is going to be AI integration? Because it's like, you know, these aren't groundbreaking. It's going to be like clippy, but actually useful. We've had some iteration of this for decades. Yeah. And now it's like, oh, no.

This is a major breakthrough. Yeah. Did you see that the CEO of Microsoft? Satya Nadella's total compensation package recently capped over a billion dollars. Oh, good. Just because of how the stock has like 10xed over the last since he's been in control. And it's pretty incredible. I mean, when he was brought on as CEO, the company was just a fucking zombie company.

People thought that their best days were behind him. I mean, it was just office and what? A lot of people didn't see the future of the Zoom. The Zoon? Oh, yeah, I was thinking Z-O-O-N. I'm like, what the fuck was the Z-U-N-E? Zun, the Z-U-N-E, yeah. Yeah, Zun was Microsoft's answer to the iPod.

Yeah. Didn't quite take off. I was a Pano guy myself. Panyo? Yeah, that was Neil Young's. Wasn't Pano a fucking movie about a fish? No, Pano maybe. Pano?

Yeah, it's got to be because Pono is the movie about the fish. It's an incredible movie about a fish. Neil Young Pano. Yeah, Digital Music Service. Yeah, that sounds like shit. Well, it's supposed to be the highest quality. He's a freak about, like, you know, sound. He's like, I can't believe you guys are listening to these compressed files.

And nobody fucking, you know, I had the same attitude about the fucking mini-disc. I was like, this is really, really high-quality sound. And then I didn't notice a fucking difference when I listened to an iPod. Right. Do you know that a first-generation iPhone unwrapped in the box just sold for like over $190,000? Damn. Yeah. fuck well speaking of overvalued things uh-huh what sam altman also fucking sam altman hot off the heels of his gpt woes woes launches world coin crypto on monday yesterday for us

and it's uh so this has been in the works for a while i think we mentioned it a while ago um this is from the daily upside world coin has been trundling along for the last three years Although Altman told Bloomberg in 2021 that he first dreamt it up in 2019. I wish I never had to hear another fucking tech guy talk about his idea. The idea was that it could be used to achieve universal basic income, essentially eradicating global poverty through cryptocurrency. Though a 2020, this is a great caveat. Though a 2022 investigation by MIT Tech Review painted an image of the company as exploiting,

nations with high rates of poverty. Despite the grand, some might say, delusional scale of the project's ambitions, it attracted big name investors, including Andrewstein Horowitz, LinkedIn founder Reid Hoffman. No way. And the then untarnished Sam Bankman-Fried. We'll get to him. But yeah, so he is, he's going to save the world. It's another billionaire who is going to be eradicating poverty, doing all the things. You know what the best part is? an orb is involved that's right all you orb pondering freaks out there ponder this it's got to scan your face first that's what sets it apart that's what sam altman says is going to make it not scammy and and will make it something that people actually are like yeah okay i got to go so you got

to go central to the effort is an eye scanning physical orb which world going why does it need to be an orb. Dude. Why not just a fucking eye scanner? I don't know. Which WorldCoyne's founders say is necessary for a future in which distinguishing between humans and robots becomes increasingly challenging due to a surge in artificial intelligence technology.

What happens when the fucking robot cut your eye out and holds it up to the orb? Yeah. Once users have proved they are not robots, they can be issued one of the company's tokens. This drives me nuts, right? So it's necessary for a future in which distinguishing between humans and robots becomes increasingly challenging due to a surge in artificial intelligence technology. He's inventing, he's making everyone pay him for a fucking problem he created. Yeah.

Like, yeah, truly. You guys need to get into WorldCoyne because you're not going to be able to fucking, you know, there's, you're not going to be, we're not going to be able to tell if you're a robot or not. Okay. So let the fucking. Because the AI created, the AI that I created got so good at it that now they can't tell it. So oops, that's a problem, but don't worry. I solved it.

Fucker. stupid fucker. Sam Altman, shut up. Go to bed. Scanning users' eyeballs to help distinguish them from robots and providing the infrastructure to distribute a whole range of financial services and social aid, including universal basic income. Oh, brother. Oh, but what about X? I thought X was going to be the thing that everybody uses. Also, it's an important to note, he's not doing any of this for financial reward, okay? He has bristled at the suggestion that he is maneuvering to be at the center of a universe dominated by AI or that he is acting for financial reward, which this is But according to Tiago Sata, head of product, the project will make money. All of our products

are for profit. That's not why he's doing it, Ben. Oh, why? Oh, he's doing it because he loves us. Which is even worse. You're a sicko. Like, if he was like, I want to do this because I think it's a good idea and it'll make money. Yeah. Fine. I can, I can handle that. But the ambitions to, I don't know, just save the world with you. your bullshit fucking... I want to get my hands on that orb. Dude. I want to look at that.

I don't think you do want to get your hands on this orb. So, uh, the only orb that I want is the one in Las Vegas. That one is, I approve that orb. That orb is approved. So, but they've talked to some technicians. The technicians will help to log their iris scans are called orb operators. And, and World Coin,

website. Why not orbiters? Come on, guys. Oh, fuck. Come on. It was right there. You fucking idiots. And WorldCoyne's website makes the application process look like a quick, easy, gig economy-style job. Oh, good. That's how we're going to solve poverty. More gig economy-style jobs. We all love those. We should get a job and sabotage the whole fucking thing. The company already deployed orb operators across the globe in the run-up to launching its token. Getting people scanned and signed up to WorldCoin in advance, but it was far from a smooth operation. Orb operators told BuzzFeed last year, the The tech didn't always work. The system could be game to register the same person twice. And what operator said his orb took months to arrive and when it did, it was prone to overheating. I'm sure this. Wait, they're sending the orbs to people? Yeah, because they-

Yeah, guys, the orb came. That's fucking... This is the best part. Altman admitted that eye-scanning technology has, quote, a clear ick factor. Right. So fucking don't do that, dude. Yeah. What's wrong with the fingerprint?

scanner. The tech exists. Why do you have to make it so purposefully dystopian? Also, God! Why are these guys in control of everything? Why are they doing it? How about fucking puppy coin? Give everybody a dog, man. I don't know. Can we cut that? No, no, no, no, no. That's not a good idea. Give everybody a dog, man. But yeah, it's this whole, uh, yeah. It's this whole, uh, yeah. you know, I don't, wait, wait, wait, WorldCoin has also outlined plans to hold on to about 20% of all tokens at issues using their value to fund, quote, orb production and initial

protocol development, ecosystem development and maintenance. Damn, I got to go back. Can you imagine clocking in every day at the orb factory? I, I truly cannot. I think I'd rather. Ponder something else? Yeah, you'd rather ponder. You'd rather ponder your wife's butt cheeks. yeah yeah so they're gonna they're gonna they're gonna solve world poverty by uh basically it's adding jobs to the gig economy and and underpaying people internationally they don't explain how does it make money what utility does it provide oh well security you mean like a social security number that i you know ben you can't get a world coin unless we prove you're not a robot in order to do that we need to get the orb scanners to scaners to scan your

your eyeballs. Well, I need an orb operator or whatever, an orb clerk, a certified orb clerk. Yeah, some, by the way, I need some guy to scan my precious eyes. I'm going to gaze into this fucking thing and let it scan. I bet somebody's going to have their eyes fucking cut from this. It's also unclear if all these people, so it's also important to say, these aren't, it's not, you're not allowed to buy any, world's going in the US right now. Right. And Sam Altman's very, testy about that. He said, you know, well, 95% of the world is going to be used, you know, the U.S. market will not make or break us. The current market cap is $248 million, which is very small. It was unclear. I was trying to find out if all of these people who are buying into the token,

have they had their eyes scanned? Yeah, I don't understand. I can't imagine he got that many people to fucking do it. Yeah, I truly don't understand. I'm also shocked that with everything going on, there's this many people who are fucking willing to get in on this bullshit. I mean, there was just the thing in the Wall Street Journal about how like 75% or 70% of crypto transactions

are just like wash sales. They're all just, they're all just like fabricated. And it's just, God bless you. If you've bought into WorldCoin, I'm sure it'll probably go up and you'll make money.

Yeah, you'll probably make it fucked up. At some point, at some point the jig will be up. Yeah, it's currently trading for $2.39. Right. It hit a high of like $3.50 or something. Yeah, it looked like it hit a high actually of $2.41. Well, let me look at there.

Oh, yeah, no, you're right. It hit a high of $3.31 in the first 24 hours of trading. All right, so it's cooled off to a $2.28. Damn, I fucking, oh, God, I just, you know, I wish him good luck. I wish him luck. I wish him the same fortune that another crypto billionaire. who Elon Musk Who has

With the name Sam Who was only doing it For the good of the people I wish him the same fate Sam Buttman Sam Buttman Sam Buttman Sam Buttman Freed is back in the news

No Sam Buttman freak Sam Buttman freak They would have to kick me out of the courtroom Because I'd be heckling him Hey Buttman Cut your hair you freak But so Yeah

So well FTX's new management who's handling this bankruptcy and maybe trying to relaunch as a crypto exchange, which is wild, is suing him and some other former execs hoping to claw back over $1 billion of company funds. So they allege that him and the execs misappropriated the money for pet projects and personal use such as gifting $10 million to Sam Bankman-Fried's father, cash that FDX believes is now being used to. bankroll SBF's legal defense, routing $725 million in FDX stock to company executives who provided nothing in return that would justify the equity, using $546.1 million to buy a stake in Robin Hood. These all sound on the up and up to me. I mean, the Robin Hood thing sounds like reasonable investment of your capital. In one allegation, the bankruptcy estate lawyers detail how the executive set up a charity called the FTX Foundation that serve little purpose

other than to enhance the public stature of defendants. I mean, come on. To enhance the public stature of them? Probably to make meme warfare or something? Probably publicity for Sam Bakeman-Fried, probably, you know, weird little projects that make it look like he's making a difference in the world and his whole, his old EA, what is it, Ethical fucking, what is his whole fucking thing? Like ethical Robin Hooding. Yeah, fuck, no.

Redistributing wealth to everybody through the power of crypto. There's a fucking saying for it. I'll let you find it. Ethical altruism. Ethical altruism, that's right. Does that feel good? Did you get a hit of dopamine in your little brain? It was stuck in my throat.

Yes. His whole ethical altruism fucking thing. The lawsuit describes the FTX Foundation's projects as frequently misguided and sometimes dystopian, including a $30,000 grant to an individual to write a book. I have no idea what this means. To write a book about how to figure out humans' utility functions. It sounds a lot like X.a.i's ambition to understand the universe. Like, hey, we're hiring engineers and shit to understand the universe.

God, just. But we haven't even gotten to the best part. Oh, get to the best part. Take a big sip. What's the best part of meal? Sam Bankman. Sam Bankman-Fried's brother Gabe. Gabe Bankman-Fried?

Yeah, I would imagine that's his name. Gabe. But they just call him Gabe. Bankman-Fried. So his brother Gabe wanted to use the FTX Foundation to buy the Island Nation of Nauru. He wanted to buy a whole, this fucking guy looks like he would want to buy a nation. Christ. Instead of a bank.

and set up a bunker for him and other effective altruists so they could live out the apocalypse in style. Jesus Christ. The lawyer cite a memo between Gabe Bankman-Fried. Oh, that is his name. Really nice work, Ben. And an officer of the FTX Foundation where he describes a plan to purchase now, we're a tiny nation island in Micronesia.

How much was it going to cost? They don't say, but the goal, according to the memo, would be to build a bunker that could be used in the event of 50 to 99.99. 99.99% of people dying, with the aim of ensuring that most EA's, effective altruists, can survive as well as to develop sensible regulation around genetic enhancement and build a lab there. So they wanted to survive the apocalypse, live underground, and then do genetic stuff, like genetic? Yeah, and ensure that there's sensible regulation around everything. Why would you need regulation when the world fucking ended, dude? Well, they're probably going to build their utopia.

I get the feeling that they wanted this to happen. I get the feeling that they didn't know what to do with all that buck and money. And they were just like, I would think that when you get so much money like that, you start to get paranoid and you probably start to see the world through like blood colored lenses. And you start to see and are exposed to a lot of the seedy underbelly of the world and the powers that be in stuff and you start to have a lot less of a rosy outlook on things

and perhaps that was informing their desires or maybe they already had those beliefs and then once they had the money and the means they were already like kind of preppers right there's a bit of me that feels like to even get to this level you have to be a bit of a sicko and so this is what's happening you know these people rise above all these things

and then not only that they're told I mean in the entire Partly to this, SBF was on the cover of magazines. It was like he is crypto savior. He's the fucking wonder boy. He's a smart student world. He's on stages with Bill Clinton and Tony Blair. You know, he's going to fix the entire broken financial system.

And so he's got this like, he was probably already a sicko. Then he's got a huge inflated head. I mean, literally he's got a big old head. He does have a huge fucking head. He's got a nagging on him. So does his brother. His brothers looks like. I mean, if his body had air in it,

and it looks like someone gave him a big hug and it rushed the air up to the top of his head and kind of squeezed it a little bit. I'm curious if this is his younger brother or older brother. Oh, man, who knows? They both look like they're equal parts. I mean, 14, but also 40. That's a great call.

But so I'm wondering, I'm just wondering if Gabe is being fueled by, you know, like younger brother syndrome. He's tired of SBF in the spotlight. And he's like, I'll show them. I think Gabe is fueled by fucking man. ganga and porn. Go on.

Sorry. Sorry to interrupt you. No, it's worth it. But yeah, I don't know. He's like, I'm going to show them

by buying an Ireland nation in Micronesia. Yeah. And starting a EA. An effective altruism bunker. Colt? Yeah. If I,

if I mean, I'm not a prepper, but I definitely believe that there's probably, and because there's nothing I can do to stop it or really prepare for it, I'm like, well, when and if civilization comes to an end, I'm just going to, I'm just going to endure.

But if I had the means, I would for sure, I wouldn't go so far as to buy an island nation. And if I were, I'd choose something a little bit cooler. Madagascar, man. That's where the colorful animals are. Oh, you would buy Madagascar. For sure. Oh, okay. No, I don't know what I would do.

Oh, well, I thought, but I mean, if I had the money and I was really worried, why not buy an island? I mean, I think that there's a lot more effective things you can do. Like, I would just buy land in the middle of America and then just start digging. Yeah, but then... Then what? Well, because this is the thing. People always go, like, well, you know, like, I'm fine. My brother-in-law's got some property, like...

Yeah, good luck getting there when shit starts to hit the fan door. Or, like, end all of us without anything are just going to march to wherever the fuck your property. Yeah, and kill you. Yeah. Yeah, I'm going to force you to suck me off first, and then I'm going to force you to give me your crops. Right. But teach me how to use all the augur. stuff first.

Well, it's an auger. I don't know. The thing that, I don't know yet. It's got to teach me. It's a thing. I think it loosens up hard dirt. Some fucking farmer who listens to us is just losing his mind. A fucking auger, you don't know what an auger is.

Fucking liberal. But so this way, if you have an island, I mean, how the hell am I going to get there? But if you're on an island, you're more susceptible and prone to sea levels rising. That's a good point. Yeah, whereas in the middle of America, Babu, that's going to become some prime real estate. Well, middle America will be an island. Yeah, yeah, maybe. Jesus. I don't know, man. That's kind of a good deal. You know what I mean? Maybe people in Ohio got to figure out. That's going to be beach property in Ohio, yeah. Yeah. I mean, it is wild when you do look

at the predictions for or the forecast, whatever you want to call it, for where the tectonic plates are going to shift to in the next 100,000 years. It's like all this shit's going to be changed anyway. what's that going to do for all the who cares well i'll be dead but still well i don't think people are buying property being like i hope this is here in a hundred thousand years true true but don't you want your kids to enjoy it i think they'll i think they'll enjoy it plenty because maybe your kids i mean who knows the the aren't we supposed to live to be like 126 at this point i can't imagine 30 my 30s are already so horrible it's not that bad no no just like my body is slowly falling apart oh yeah and then when i talk to people in their 40s 50s and 60s they're like it's just

constant pain. I can't imagine 120. But if you wanted a hot dog, you could order it from your phone whenever you want. I could do that right now. Yeah, exactly. That's what I'm saying, whenever you want. It's what a time to be alive. Fucking dog shit, time to be alive. Oh. You want to use your world coin to buy a hot dog? First you got to look into the orb. Everybody, every house will have an orb. Can you pull up what an orb actually looks like? We do have to We do have to have this for. I'm sure that it's just, yeah, of course, it's just fucking, this is not, this is, wait, is this Sam Altman holding the orb or is that Ryan Seacrest?

Is that Ryan Sechrest? No, that's not. Wait, I think that is Ryan Sechrest. He's got like a World Coin background. No, that can't be Ryan Sechrist. Why? It's because it's BBC news. Like, why would, why would he be?

What a stupid impractical thing. Also, Sam Altman looks like the fucking Ratatoui chef. He looks like the Ratatouy Chef Turn into a person Like you missed your calling, dude You're supposed to be cooking Not making this dog shit Okay, no, that's a BBC correspondent

Yeah, BBC correspondent Joe Tidy testing out the World Coin orb For the audio listener, you're just gonna have to bear with us I don't understand how it's not I don't It's not attached to anything There's no cords or anything Oh man, did I just seem so old

That something needs cords jeez louise i'm not with this guy all right there's no cords yeah there's no cords uh well i mean i guess we'll get to the other stuff at another time but uh oh did you want to talk real quickly about the there's another another proposal to ban lawmakers from oh yeah i love it I think that that's great. Bipartism. It is, yeah. I mean, Kirsten Gillbrand and Josh Hawley.

Josh Hawley, who sucks otherwise, but it's a great idea. He does quite suck. Kirsten Gillibrand, who also sucks. I mean, they all suck. Yeah, I mean, it's hard to get your hopes up, but these do, there's a, they note, you know, a poll released Wednesday by the University of Maryland's program for public consultation found that 80% of voters support a ban on stock ownership by members of Congress. the president, vice president, Supreme Court justices, and their families.

Yeah, because these are the people who are supposed to be regulating the very companies that they're going to own shares in. Get the fuck out of here. That is by definition, a conflict of interest. It obviously makes sense, but, you know, the amount of things in this country that are like, it's so hard to get an actual consensus on things. Yeah. It's a very unpopular or a controversial thing within the Senate chambers. This one would go pretty far, too. It would prohibit them from owning stocks And individual companies Even in blind trusts

Yeah And it has like pretty What about death trusts? Uh, so, you know It would also have pretty stiff penalties For people violating the rules I don't know, you know, it feels like a fucking,

it feels like a Hail Mary's till it's not. They keep pushing these things through and people are obviously really unhappy about them being allowed to do this. Speaking of stiff penalties, this episode has been sponsored by Hymns. No, don't do it for free. Hymns Boner Pills. You want to stay hard? Dude, Hymns has really cornered the market on like...

No, they haven't. Blue Chew has. If you would let me finish, you can make an actual rebuttal. Okay, what? Cornered the market on what? Like the classy boner. Pills? Well, yeah.

Yeah, yeah. Blue Choo is so, it's like, Hey, Diglog, you want to fuck your girl? Take a Bluetooth. Dude, every hym's, like, image I see. I'm just going, oh, my God, these people are in love. I've never seen. I want to fuck like that guy.

Truly. Yeah, let's see what their stocks doing. Do you want to just pound away on someone? Yeah. Do you want to pound away on a girl who's? No, no, no. Find me a hymns. Hymns horny ad?

Well, not, you know, hymns. Hymns ad But like if they have so much stuff You're gonna get a Yeah Oh Jesus I don't like that one That's pretty amazing

A prickly fucking Also what does that It's a penis It's supposed to be It's meant to be a penis But who's gonna be like Oh yes That's what I want women to think of

When I'm fucking them My penis being Full of barbs and spikes Yeah It is pretty interesting Because this is this is all This is a company That's been built on

The Bald Head men. No, the, what do you call it? The patents expiring on. Right. It's all, uh, it's just generic. It's just like, hey, these patents are going to open up and we're going to be

able to make generics. Why not turn it into a marketable thing? I feel so fucking stupid that I didn't come up with this. I mean, it's fully, let's create our own, man. It's fully branding. But that's every millennial thing. Yeah. I mean, I'm sure people saw, but.

they've also pushed out a lot of things because I was trying to find a new suitcase and what so many companies companies did was basically just like make fine suitcases for like $300 and then it's just all branding and you look at me like this looks so nice my life's if I get a monos my life will change look at this manos you've I didn't get a monos or or a base or a way it's or like there's so many of that or a July there's so many. How many suitcase brands do you know? You just named five. I literally, because I was looking for one and I clicked on ads and now it's all I get.

There's so many. Which did you go with? I'm not going to advertise for these bullshit. How much did you spend on your suitcase? I went with the cheapest one. Got it. I went with the cheapest one and it also had like, because I need it because of. Because you need a suitcase?

No, I always travel carry on. So I didn't want one. The only way to go. But I'm not going to be able to do it. it with a wedding and Ireland weather and Mallorca weather. It's just there's no way it's going to fucking work. Yeah, that's a mayhem. But it's like impossible to tell.

Literally, I tried to find there was a travel store in Glendale and I was like, that's what I need. I need like an old Armenian man to tell me which suitcase to buy. You buy, you buy. Exactly. This is good. I'll get whatever he wants. You know, I wanted a trusted brand with like hundreds of years of history.

I'm going to be honest with you. This is dog shit. this one's good i go in gone the store's gone you want to know what brand is because no one's no one's going into a fucking store to buy it yeah i have a brand of suitcase you're not going to guess it i know it what dockers what the fuck oh because you're paying attention yeah that's true i've had it for like 10 years well now's as this good a place as i need to end this episode should i should i do my big reveal that i didn't even tease in the beginning check it out oh

dude I hate this for the audio that's fine for the audio for the audio listener he's he's pulled up his shorts I just pulled up my shorts we have fun we do we do have fun here but yeah this is uh this is the end of the episode if you want to come join us in the bonus episode we're going to be talking about all kinds of weird oh we're going to be talking about Ben Shapira's Psycho Barbie takes. We're going to be talking about... Oh, man, I'm going to do an impression of him. Oh.

Yeah. Okay, I like that. We're going to be talking about all kinds of freaky shit in there. Pizza. Pizza. Pussy hat. Pizza. Pussy hat.

Yeah. So, join us on Sunday, Sunday. Oh, yeah. Also, don't forget. Bonsters Inc. We're watching Monsters Inc. It's going to be a hoot. Me and Ben.

I'm going to be talking about. seen it. No, I've never seen it. I'm going to be talking. I'm going to be asking questions. I'm going to be pausing. I'm going to be rewinding. Oh, my God. It's going to take us four hours to watch his smoking movie. No, no, it's not going to take us long. But it's great that you have such a, you got a good size television. The set guy actually installed that. Oh, yeah, because we could do it in my place if we so chose. But your air conditioner is a lot quieter than mine, so this is probably better. Again, it's not, whoever did the set. Oh, yeah, yeah, whoever did the, yeah, we are on set.

Thanks, everybody. Thank you. Bye. We love you.