The Boyscast with Ryan Long - Martin Shkreli On The Banks Collapsing, Helping Based AI Take Over & His Plan To Make Doctors Obsolete

Episode Date: March 14, 2023

Banks collapsing, the future of AI, social media & being banned from Tinder with MARTIN SHKRELI! @martinshkreli15 SUPPORT THE SPONSORS AT: Sheathunderwear.com - Promocode BOYSCAST - 20% Off  SUPP...ORT THE BOYSCAST: https://www.patreon.com/theboyscast http://ryanlongcomedy.com MERCH - ryanlongstore.com Ryan @ryanlongcomedy Danny @dannyjokes LEAVE US A FIVE STAR REVIEW! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript
Discussion (0)
Starting point is 00:00:00 I think he's going to jail. He deleted all his tweets really quickly. I've tried that one too. That doesn't work. I know every trick. The bros. The homies. The dudes. The boys. The gays.
Starting point is 00:00:41 We are here once again with Martin Strale, cooking in person, which I didn't realize was not allowed to live in Manhattan. I'm banned from Tinder, Hinge, Manhattan. Because you get impersonated? I think that's... They can't just ban you for... Who says? I mean, I guess. I guess there's no code of ethics at Hinge and Tinder.
Starting point is 00:00:55 It's their call. How'd you get banned from Tinder? Had too much Riz, I guess. You know, it's just one of these things. Too much Riz. Riz overflow. Too much Riz. No, I mean, it's's i think the people at those
Starting point is 00:01:07 platforms do the same thing they do on twitter or any other place right there they have a vision for what they want on there and yeah i mean there's no shortage of like women who i like even i know who just get banned just because they get impersonated i think they want like soy boy type dudes you know and it's dudes, you know, on there. It's just not, you know. It sort of is. Like there's a guy at Tinder who's just like trying to kick off all the fucking Alphas. You think he's on there swiping? Like legit?
Starting point is 00:01:33 Like that's how they find you? Yeah. Martin did like the funniest thing ever, didn't he? Like it was right after you did our podcast the last time that you did a Google Doc. Oh, dude, that spreadsheet, man. Well, yeah. You have to make make do and you can how many dates so for people who don't know you basically made uh a spread like an open
Starting point is 00:01:51 spreadsheet and you just were like scheduled the chicks had to fill out their own dates yeah and it was public so yeah i know i looked at it you couldn't be like hey martin i don't want my info out there yeah etc and one of the things was fuck on the first date. Yeah, you had to F-O-X. F-O-F-T-D or whatever, yeah. How many girls did you meet up with from that? Like, I don't know. It's probably not worth talking about.
Starting point is 00:02:20 But ultimately, like, dating in New York is easy, I think. You know, it's just a question of like. Especially if you're rich. Well, that doesn't hurt. But I think that, like, I don't know. know i also know the city i've been here forever so you know you sort of see these archetypes over and over again of course get a mental map i think what's the new york market types i know the toronto ones to be honest better than new york but yeah there's so many i mean there's i i like to break them down by occupation and like there's just tropes of like you know young lawyer young accountant young accountant, young finance person.
Starting point is 00:02:45 Young lawyer sort of is a trope that you do see a lot of. Those girls are, get down to business pretty fast. It's what a young lawyer puts out. I mean, they don't have time to do anything else. Young lawyer doesn't have to work to the bone. Yeah. But so Silicon Valley. It's quite a.
Starting point is 00:03:02 Okay. So that's the, well, yeah, we'll maybe get to some other stuff, but the main thing was the emergency podcast. So I'm like super glad you were able to come. We have to convene all the idiots in one place and decide what to do. Well, there's two idiots in you. It's funny because Twitter thinks that Twitter
Starting point is 00:03:17 bailed out the economy. It's really funny. I was right when you were walking in. I was looking at it and they are patting themselves on the back a little bit. Dude, it's so crazy because they benefited so hugely from it. I don't even know what to say about that. We can talk about that for hours. Okay, so I think the place— Oh, yeah, sorry.
Starting point is 00:03:32 No, I mean, just the idea that you think your posts on the social media somehow got to the Federal Reserve and the president who are like, Oh, shit. Do you see that Bobby, you know but but you know skank hunt 42 or who hit me the other day hyman destroyer 17 or something uh wanted to challenge me to a chess match um uh the hyman destroyer won obviously what happened to your twitter by the way uh i got banned yeah and they haven't given it back no no i mean it's so okay it's... So, okay. But actually, to continue that point, do you not think that like people... Because there's some, you know,
Starting point is 00:04:09 like the Chamaths of the world are very... You know Jason Callahan or whatever. Yeah, I'm supposed to fight him someday. Are you fighting Jason? I think we're going to squash the beef at this point. But at one point... What was the beef about? Oh, it was so bad.
Starting point is 00:04:21 We were just fucking shitting on each other. Well, I've seen people almost on his behalf kind of come out and be like oh thanks to these guys for you know making such a stink kind of what you're saying i literally just saw that i think everybody should advocate for their own thing but it's about as like likely as you know you or me tweeting about you know what taylor swift's next album should be and she's like you know what you're right okay i should make a rap album i know what you mean but like to play the devil's advocate i don't think it had no but even on your case like wasn't the public sentiment so isn't public i believe in me magic i mean i i really do think me magic yeah i feel like you believe in that i think like at the same time though
Starting point is 00:04:59 this is a big deal a bank is failing another bank bank is failing. So it was actually a good double-blind test. All the while, Signature Bank was completely insolvent. They're broke, right? They're New York Bank. And nobody was saying, like, bail out Signature Bank or anything like that. So these guys – so you know right there that it's kind of bullshit, that these guys are like, no, you've got to bail out. And the feds were like, well, everyone, we heard you. We're going to bail out Silicon Valley Bank.
Starting point is 00:05:23 And, oh, by the way, Silicon, you know, signature banks will make money. That's a good point. I haven't heard that. To be honest, this is the first I'm hearing of a signature bank. Yeah, no, wait. That's the conspiracy. That's the thing.
Starting point is 00:05:35 So can we do, is it possible before we even start for you to give like the 10 minute, like the five to 10 minute version of what happened for idiots and not for like retards for like three out of 10 like i think i could give like a 30 second version right like just i think we should start there before we banks or i mean the entire banking system is a wild insane casino that makes no sense to me especially after witnessing all this and the shittier smaller banks are like the really shitty small casinos that you see in ac and so they basically take all your capital you know deposits say it's a billion dollars or
Starting point is 00:06:09 five billion dollars and they somehow get to loan out 10 or 20 times or 30 times as much money which seems kind of nuts if you think about it and so when the people who want their money back look for their money you know let's say it's you know they took in a billion and they lend out 20 sounds fucking crazy off the bat right and the the uh the depositors want their money back they want the billion back well there's no money left in the bank to pay it back and that's what happened to signature bank it's called a run on the bank it's what happened to silicon valley bank the problem is uh was exacerbated and this can happen to any bank right no bank in america has enough cash to meet its yeah deposit theoretically because of fractional reserve they can all be in solve
Starting point is 00:06:51 every single bank they created that money it's you know it's and we'll get into it in a second it's the fractional reserve it's like they take in a dollar and they lend out nine or something yeah exactly but it is a concept that's hard to like brand to understand. It's pretty fucked up. Well, the only way that it could fall apart is if everybody tries to get their money at once. Right. And I think that after this weekend, a lot of people are wondering, like, why should I? So fractional reserve banking is not a bad idea. The problem is you give your money to a bank and they pay you. They don't give you the profits and loans they make.
Starting point is 00:07:22 They put that in their pocket. They put that in their trader's pocket. That what the that's the business model yeah and and you get shit and and a lot of people are asking themselves why should i participate in this why am i taking all the downside they're taking all the upside and why yeah why do you to me i i think that it's something that i'm personally like reconsidering here after seeing lehman brothers uh after you know witnessing a bunch of banks fail and now these two banks fail. It's like, what's the point? What benefit do I fucking get?
Starting point is 00:07:50 Letting you lend out my money. Would you let me lend out your money and keep all the profits? Does that make sense? And I mean, the average person doesn't think that they're taking any sort of risk when they leave money in the bank. They're just like, I need to pay my rent and my bills. It's a nice, convenient way to do that. Exactly. But nobody in their mind is like, live money in the bank they're just like they're like i need to pay my rent and my bills and like
Starting point is 00:08:05 this is just a nice convenient way to do that exactly but like nobody in their mind is like yeah i'm taking all what's the other option yeah that's the other problem right you have no other option and like yeah i mean to be honest like yeah when you put your money i see what the other option is to invest it but even then i think i'm investing my money through a bank i'm like does that bank like if that bank goes under, do my investments go under or do I still have those? Yeah, absolutely, right? That's what I'm doing.
Starting point is 00:08:27 I actually don't own those stocks. I'm like, so I really like. Yeah, they're never, because they never actually get put in your name. Is that the not your keys, not your coins of stocks? Yeah, basically, yeah. And you have $250,000.
Starting point is 00:08:37 So if I have like, let's say you have 10 grand of Amazon through Bank of America, you don't have 10 grand of Amazon. No, not unless you, so there's actually a way to do that with so-called certificate form. So if you ask the bank,
Starting point is 00:08:49 like, no, I don't want you guys to hold my stock. I actually want the certificates, like these old-fashioned medallions. That's not your keys, not your coins and stocks. That's the one way you can... And then you put it in a drawer
Starting point is 00:08:58 and you're like, you're safe or something. That's like you hear someone's great-grandfather died and they're like, I got IBM shares and it's like an actual like piece of paper. Yeah.
Starting point is 00:09:07 And there's guys in the back of the bank. Like I've had to do this a bunch of times where they actually have these, they're called medallion certificate. You know, it's this whole process. And they're like, oh yeah, I do think we do that. And you go back and there's like a secret chamber. Didn't like Enron certificates become like very like after the fact? Oh yeah, yeah, yeah. Like as a collector.
Starting point is 00:09:26 But I mean, I think. That is kind of cool. Yeah, yeah. I think the system's just so stupid because like I, JP Morgan, I saw their, you know, people were memeing about it. Like their, all their accounts and like what you get. Every single one of them was 0.01%. It's like, why?
Starting point is 00:09:40 What benefit do I get? The return you get for depositing. Oh, you buy, it's basically nothing. Yeah, yeah. and and it's like they actually think that they're doing you a favor yeah and it's it's really uh i've argued with that with girls where they say they put their money in a savings account and i was like there's no such thing it's like well there used to be like back in the day like it wasn't it wasn't like a lot but like we've been in a zero interest rate environment for like 10 years right but they used to compete they used to be like oh you're off that bank's offering you uh one percent i'm gonna offer you one and a half
Starting point is 00:10:12 now they're all nothing it's like fuck you you have to put your money here or else it's only like hey where where's the only things you're really dealing with is like where are there more locations i guess yeah and then convenience thing yeah yeah and then what fees less i guess and who's like the least pain in the ass if you have to go deal with something okay yeah like it's like an airline you know like we're just like there's mortgages too like so mortgages will give you a mortgage people that's the biggest thing these guys do so they lend out all these mortgages and if everybody wanted their bank money back like i saw one of these banks that we're talking about now it was like 40 billion in deposit money so that's that's everybody. That's a liability to a bank. That's the other way. It's you think of it the other way around, like a bank's asset is its depositors. No, that's a
Starting point is 00:10:52 liability to them. They owe that money. So that's the biggest liability. What's on the asset side of the balance sheet? This bank with 40 billion in loans had 2 billion in cash. You're sitting there like, what's wrong with this picture? Yeah. It doesn't make a lot of fucking sense, right? It's a poverty scheme. I went to jail for that. But nobody's going to go, nobody's going to show up.
Starting point is 00:11:15 I mean, that's legal business. No, no. I mean, listen, I'm memeing a little bit, but ultimately, it's a little concerning that almost every institution in this country, banking institution, has $2 billion of cash, $40 billion of money that's somebody else's. And if 5% of those people want their money back, there's no cash left. So what do they have to do? Well, they have some bonds, right? So they might have to sell those bonds.
Starting point is 00:11:36 Well, who do they have to sell the bonds to? Other banks. They're in the same fucking position. Unless the treasury could take them back. And so that's the other part. But then they lose but then they lose right it well the other banks are let's say the other banks have the same problem well the fed says well don't worry about this we'll print some money and buy those bonds from you and it's if you think about it it's like just a big circular definition of uh well how does the fed print the money well they can just print more
Starting point is 00:12:00 money and then the money you have in your pocket's worth less and less and less and less right and it just becomes like because then the bank runs out more money which makes the supply bigger it's also because they were trying to say like all the vcs were like yeah this isn't a bailout and you're like okay isn't this kind of inflationary okay so that's so now that's a whole that's the i mean this is like this is like one of the most so to go okay so then that's what happened spicy meatball yeah and i'll try to maybe because you guys probably both know a little bit more about this than me so i'll if so as so they that's how it started that's like the general gist of the banking system well let me talk real fast
Starting point is 00:12:34 about and then what did they what was specific about this yeah so so yes exactly so the the that's applicable to all banks and if there's a crisis of confidence it doesn't matter if the economy's good or bad if everybody goes to the bank and withdraws their money at all, it's all turtles all the way down, as they say. So this bank, some people are calling the CFO smooth brained. I don't know if that's what, but apparently the guy bought a large amount of treasuries, which you would think is the safest thing you can buy right well so yeah so but if you think about it just take a step back the government debt right is our government especially with all the guns and an army is the safest country in the world according to everybody
Starting point is 00:13:17 right but what's the strange thing here is that they actually this bank collapsed by buying like okay if you loaned me all the money or you all the money, then you fucked up. You bought Bitcoin with all the money. You fucked up, right? They didn't do any of that. They bought the safest fucking thing that you could buy. Right. And they still went bankrupt by buying the safest thing you could buy.
Starting point is 00:13:35 It makes you wonder. We can talk about, yes, there's a reason. There's a technical reason. It's very important. But didn't they? But it makes you like sit there and scratch your head. Like, so what the fuck could they you know it's now i mean explain the technicalities what happened and i heard they
Starting point is 00:13:50 were like weird stuff too no no they did they had some weird stuff but like their main thing was that they just invested in 10-year government bonds when the interest rates were zero and then you're like but you know like i guess they got duped into well what it's not a dupe thing it's like what else do you buy most people say you have to buy that and so i don like but you know like i guess they got duped into well what it's not a dupe thing it's like what else do you buy most people say you have to buy that and so i don't know you know like biology or whatever because his whole thing is he goes it's the fed's fault because the fed gives their forecasts and they were like we're not raising rates so then he's like well then they went and they bought these bonds assuming that the fed was not well but there's always a margin of error on what the Fed says.
Starting point is 00:14:26 Sure. You can't. Well, of course. And again, that's the game. They react to like market conditions, right? They react to like their reactionary. You hold them. Like I kind of disagree.
Starting point is 00:14:34 You're supposed to spread it out. I disagree with that too. You're supposed to buy two years, 10 years, five years, 30 years. Three months. Sure. Two months, one month. Yeah. You can buy them all.
Starting point is 00:14:42 And, you know, but the weirdest part is most banks fail because it's like, oh, yeah, John lent his girlfriend's company a billion bucks and it's gone. So we got to fucking make up for that. And, you know, like that's really where most financial institutions fail. Right. Like we bought these NFTs. Is that happen a lot? No, but you're like, well, so I have a friend who is there's a big there's a big bank called Deutsche Bank. And it's like
Starting point is 00:15:05 the messiest bank by far, right? And he's like- Why? Is that like a small one that's just like cowboy- No, they're huge. Huge. Deutsche Bank is Germany's- Didn't they have like the-
Starting point is 00:15:13 Why is it such a mess? Oh, man. Didn't they have the rogue trader? They've had every- What's the rogue trader? They've had some rogue traders. Like guys just like lose a billion dollars. He just decides to trade and not tell anybody that he's trading.
Starting point is 00:15:25 And just goes and loses a billion dollars. Wait, a banker? A trader. Like works on a trading desk. And he just like basically probably- How are they allowed to even do that? Well, what happens is I think they dig themselves such a hole. I can't say I've done this or not done this, but basically, hypothetically, what you would
Starting point is 00:15:39 do is you pick up the phone at, you know, you call Goldman Sachs and you're like, hey, hey, that's John from Goldman. Listen, I really – we at Goldman Sachs – and you're like an intern there. We are at Goldman Sachs. We're really big fans of Tesla. Yeah. Saw him on Rogan. Going to have to buy a billion dollars of that for Goldman Sachs.
Starting point is 00:16:00 Thank you very much. Yeah. And like when they come back and they're like, all right, you bought a million shares of Tesla. It's 122 spot 225. And you like uh-huh and you write it down and you're like all right now i have to figure out how to make sure nobody finds out about this how do you do that there's sort of two ways the first is what you're alluding to which is like you you make money and your boss is like oh shit good job john and that's your in your harebrained fucking mind you think that's why it's gonna happen that's how you get a promotion you said where you're like yo this is i'm down like 200 grand uh 200 grand like over the last week i
Starting point is 00:16:29 need to i need a big trade assuming you're even a trader allowed to do this stuff but like nine times out of ten they call security and they're like you know let's get some someone finds i mean you you almost always go to jail but i think one time out of ten the company that has all the money one time i mean we don't i'm sure we don't know about people who have kind of pulled this off. Because one time out of 10, some guy's like, you know, everyone's like causing commotion. And one guy's like the older, like senior guy's like, hold up. Let's see how this goes. Let's fucking do this.
Starting point is 00:16:58 Sure. Come here, kid. You're about to get a lesson in how this works. And it's like half the, probably half the wall street traders who made it like started out that way but you know like took some wild swing at the beginning yeah and they're like well what the fuck's what the fuck is paul doing oh yeah yeah yeah this is working let's is that the equivalent of like the guy that's like he's gonna lose his job in his house and he takes like everything he just goes puts it on black and sit and that's what see what's
Starting point is 00:17:20 happened you're like i think so yeah but like i mean the big bad ones of these banks are like guys who literally find a way to like they hack the system and they hide that they've been buying like like sandbaker free that's actually like it's not the right bank yeah it's happened like literally at every bank it's happened to the tune of over a billion dollars yeah at least a dozen times wait say that again well he's just saying the old place trades and like they can hide it like like the, I see what you're saying. Record of it so nobody finds it. Yeah, because you're working there and you're like, well, what I realized is nobody checks this thing.
Starting point is 00:17:51 Yeah. So if nobody checks this thing, let me see. Let me try doing it with a million dollars. And then a week goes by and no one's like, who bought that meme stock? Okay. And it's like, okay, nobody noticed. So do you think they were doing that at this company? No, no, that meme stock. And it's like, okay, nobody noticed. So do you think they were doing that at this company? No, no, no, no.
Starting point is 00:18:05 Okay. So this company mostly lent, they actually had relatively conservative, as we know. Yeah, they did. Everyone was saying, that's the weirdest thing. I don't know,
Starting point is 00:18:14 I just kept hearing people saying they had weird stuff. They do do weird, a couple of weird things. It was only like 1%, but some people were still saying it should be 0%. No, they had, one of their things was, and it's on their thing,
Starting point is 00:18:24 is the premium wine. So if you look at their balance sheet, there's like a billion, 1.1 billion, and it said premium wine. And it was, but because they have, they lend money to vineyards.
Starting point is 00:18:36 It's not that crazy. It's not that crazy, but the way it was phrased, you go like, they also lend money like companies, I know like in biotech, they used to lend a lot of money to biotech companies that lose money, which is probably a good you know generally not a great idea but they made it
Starting point is 00:18:49 work and yeah you know i think the weirdest thing is that they they went broke buying the safest like what's considered around the world to be the safest thing in the world it's not a cash safe and liquidity safe and liquid are different things so you really don't think it was like anything that crazy going on at this bank and that's kind of what makes it scary yeah right and so this is this is the real upshot here is that the meme warfare that can like we live in such an interconnected world which is such a like a stupid trope and kind of trite to say but like between i think the lessons from gme and amc where a bunch of retards can sort of get together and buy a company that's not very valuable and make it really valuable and cause all kinds of chaos.
Starting point is 00:19:28 Here you have like almost something more nefarious where it's like a little panic can spark, you know, this like run on a bank very quickly. And if you have like hedge fund dirty tricks, like you start shorting the stock, then you start. And apparently there's a guy on Twitter. You can make it worse like pretty easily. Well, there's a guy on Twitter who's doing this with First Republic. And I think he's going to jail.
Starting point is 00:19:49 So he deleted all his tweets really quickly. Too bad there's such a thing as the Wayback Machine. I've tried that one too. That doesn't work. I know every trick. There's some weird guy over the weekend. He's like, the FDIC is already at
Starting point is 00:20:06 the First Republic office he was like trying to cause a run of the bank like he thought he was slick and he deleted everything from his like Twitter his LinkedIn
Starting point is 00:20:13 he's trying to like go dark but like I mean is that illegal is that the fire in a crowded city yeah yeah exactly right I don't know if it's market monopoly
Starting point is 00:20:21 it's a mix of all that shit I actually heard I was trying to listen to all the like one of the things I feel like why, like you're a good person to sort of hear your opinion on it because like, it's really hard to get like an unbiased. Everyone's like has skin in the game on this.
Starting point is 00:20:33 Yeah. Not to say you probably have all the, but yeah, but like all the VCs or whatever who are, who are essentially saying like, Oh, like there's a run. You're like,
Starting point is 00:20:39 you guys started it. Well, well, literally all in your Slack channel and there's like chat groups and stuff. stuff chat groups are all like we should all pull our money because who knows yeah it's kind of weird and then they're like and then they all pull their money and they're like hey there's a run on the bank yeah because you're all pulling your money yeah you're doing that meme where the guy shoots why'd you do that and they're all like buddies like it's a small world it's it's i think it's really scary and i think that what's going to happen and what should happen,
Starting point is 00:21:06 in my opinion, out of this is that we kind of debank a little. And I'm not sure that means crypto necessarily or something like that. But I still like sitting here synthesizing that I've been a financial analyst for 20 years. I carry one of these with me, by the way. I keep this on me at all times, this gentleman. What is it? Is it Palm Pilot? No, no, no. Blackberry. This is an HP-12C. I guarantee you, please. What year is this from? what is it oh yeah palm pilot no no no oh blackberry oh this is an hp 12c i guarantee you please what year is this from well in the 80s in the 80s this was the thing on wall street and nobody has one anymore this is a calculator yeah try to do any kind of mathematical calculation on it it's possible because it's it's completely useless unless
Starting point is 00:21:40 you know how to operate it so 65 okay yeah i. Yeah, no, it's every time I, it's called, it does, it uses reverse Polish notation. So that's how you know, it's good. I don't know. RPN. No,
Starting point is 00:21:52 in the eighties on wall street, this is, this is the only way you could calculate duration on bonds and all this shit. And I guarantee you nobody. Yeah. And I guarantee nobody. It's sort of like a short form,
Starting point is 00:22:00 like stock calculator. Between suspenders, cocaine, this is basically your 80s wall street this thing is pretty slick although i don't know where's like the the clear button don't even worry about it i was like where's the c button no i had one i had one of these as a kid and um it it's like if you need to know like what the yield to maturity on a bond is that's rapidly changing like this is what you would use and to this day like it's still actually kind of useful um did you actually carry that with you always i keep like so in prison in
Starting point is 00:22:30 prison one of the terms you hear is i keep it on me or keep it with me it means a gun yeah so this is you know this i don't leave home without it i just i might have to discount a bond you know at any time figure out some net present values or something it's all about pv but uh no in all seriousness i think like why would anybody just sitting there logically let a bunch of like basically wackos at these banks so-called professionals uh like me uh take your money lend it at not just like lend it but lend it 20 times over and all those loans i'm not gonna give you a fucking that is crazy to think of i know that is what it is but'm not going to give you a fucking that is crazy to think of i know that's what it is but someone says like i give you a dollar and then i go i now i lend 20
Starting point is 00:23:10 people a dollar and i'm like well i have that one dollar so i owe you on a dollar but you're gonna make a fortune but i'm not giving you any right and then i invest the dollar all you really get out of it as far as i understand is access to like a mortgage because you probably wouldn't have like mortgages like they exist. And you need to be able to pay for everything with your card. That part hopefully will change. Because I mean if you have $1,000 in the bank
Starting point is 00:23:33 and you can just pay like you can buy your stuff with that money but that's how like essentially things grow. Isn't there a place where I can put my money into a bank pay a fee and they're not allowed to go lend it out. I think that's what's going to happen. That's going to what's coming. To be honest.
Starting point is 00:23:46 Well, no, but again, you do have coverage up until $250,000. Well, that's the thing. Okay, so go to the other way, though. You are sort of saying, like, that's the argument you're a little bit making, where it's like, it is kind of crazy, but it's like, well, it is kind of guaranteed because then the government just bails them out
Starting point is 00:24:01 if anything goes wrong. Sure, but do you want to be on the receiving end of a bailout? Do you want to be, like, in that line? What happens when the government just bails them out if anything goes wrong. Sure. But do you want to be on the receiving end of a bailout? Do you want to be like in that line? What happens when the government- Maybe not if I'm a company, but if I'm like me right now and it was like, okay, I just lost like X amount of dollars, but I'm going to get it in the next month. Like it's not, I don't know. Okay, whatever.
Starting point is 00:24:18 Why participate in this insanely fragile like Rube Goldberg system of like, I like your idea, which is like is like okay here's my life savings a hundred thousand dollars you're you know uh my uh poor immigrant family and you work really hard to to make this money i want you to hold this money for when i need it and don't do fucking any chicanery transactions yeah yeah exactly and it's like no no no no we need to lend this money out to like a hundred fucking thousand counterpart It would take some, a banker with the most willpower of any banker in the history to just let that money. It sort of makes you wonder if Sam Bankman isn't wrong because it's like,
Starting point is 00:24:54 as much as like of a fuck boy, he is like, you have to ask yourself, like he was just kind of doing what every other bank was doing. He didn't do it. And they just can't get a government bailout. Cause they're not a technical bank. They're not even they're not even like uh they're not yeah well but they weren't even allowed to be in america that's why they're in the right right
Starting point is 00:25:12 because that was another thing there were people are like losing all this money i'm like well should i get my money back that i lost an ftx like right it does i mean i guess the difference yeah is it that different and like all the companies different at all that it's not i know and then all these companies were who were like well we have to get our deposits because we'll lose our deposits. And we didn't know. But they're like, specifically, they're say they're uninsured. Like uninsured against what?
Starting point is 00:25:34 Yeah. I mean, I feel two ways. Like I don't fully agree with like the Twitter mob that was like bail it out now or everything's going to shit. But I also don't think the bailout was a good idea. Well, they bail it out now. Yeah. Because there is. You're're right it is such too i mean i don't totally know what i'm talking
Starting point is 00:25:49 about but like i i'm watching people who definitely don't know what they're talking about on the internet and it was like there's two groups one is kind of like yeah this we need to bail this out because it's you know going to be catastrophic for the economy but most of those people are personally affected so you can't they're all you don't it's hard to listen to anything they're saying because they're all like and then the other side just like hates billionaires hates like tech bros like so they're just like oh some or hates the government and they're also like we don't have any money anyways like a lot of people are like i don't have money so what do i care if these people
Starting point is 00:26:22 lose their money this doesn't affect i think silicon valley learned that a lot of people hate silicon valley you know i think a lot of people are like oh wow we didn't know like we we're the good guys we create all these startups yeah we created all these social media apps that are ruining society yeah people i hate people do not have a like a lot of people learn that you're right because they see themselves as like obviously people think badly of the financial sector but silicon valley they see us as like heroes yeah heroes that are saving the world and everyone's like no like that's not how people see you i think probably half of the startups in silicon valley don't need to exist and probably the world would be fine without them and that was another thing with the silicon valley bank was people are like yeah all
Starting point is 00:27:02 these companies who are like can't make payroll and losing their deposits. They're like, they're never going to make a penny ever. Like. Probably not. But I still think. That's exactly. It's because all the companies that were. I still think it's a bad take because ultimately there probably is a Microsoft there.
Starting point is 00:27:16 There probably is a cancer cure in there somewhere. In there somewhere. That's is, does matter. But like, you know, the thing about. I got you. You're saying that because it's obviously there's companies that are like profitable and they're like cooking but they're just growing and then there's the other ones that like it's binary where they're going to be worth zero until
Starting point is 00:27:33 they're not and that's probably more of like the pharmaceutical game to be honest i guess but then yeah so then for those companies yeah one of them you feel bad for them but at the same time like you know you set up the system and then when you watch the system and then if something goes wrong oh stop the system let me fix the system and it's it feels like very interventionalist a lot of uh people in the right don't like that like you know the government's gonna go swoop in and say they did they didn't like it until yesterday now that they all seem to like it well no because i think like uh one of the guys running for president uh this guy vivek ramaswamy uh he got killed people really didn't like what he had to say but he was very like you had to give him a little credit for at least putting his neck in the guillotine and then saying no what did he say
Starting point is 00:28:12 he really like doubled down he's like a tech dude and he was like let it like let them fail let them fail he's like he has to this has to fail let them fail let them lose their money like they took a risk yeah it's moral hazard they took a risk. Yeah, it's a moral hazard. They took a risk. That's like the libertarian take. Yep. And all the tech people are like, dude, not cool. Like any goodwill you ever had running for president, you've lost.
Starting point is 00:28:34 Right. Like biggest mistake you've ever made. Everyone he knows is like, okay, but that's going to cost me a billion dollars. But that's the weird thing because the libertarians are the silk, some of the Silicon Valley guys are saying. That's what I'm saying. Oh yeah. Fuck the government. Fuck the government. the government it's like oh wait wait wait
Starting point is 00:28:46 wait uh not today yeah where's the government um and they keep saying they're like well you know we're we're just they just need to like so there's not other runs like they're trying to think of it as like but that being said it's like okay i i also feel that way where it's like i have my principles but like it's the same thing okay here's for example like i see myself as like somewhat like i don't agree with necessarily socialized entertainment in canada but if like they said hey we're giving out hundred thousand dollar grants i'm not not taking one yeah you're not that principled well i mean i don't even like i don't even yeah like for what to what end you're like you're so if they're saying the government shouldn't get involved in things, but then they get involved
Starting point is 00:29:25 in everything, all the money to this, all the money to Ukraine, all the money to this. That's some hypocrisy there. Well, no, I get the idea of being like, but not my sector.
Starting point is 00:29:33 Like, you know what I mean? Yeah. You're saying, okay, well, yeah, I would want the government to not be involved, but since they are already involved, I'm going to take mine.
Starting point is 00:29:40 Sure. Does that make sense? Yeah. And there is the one element where people are like, well, there's going to be this bank run and like, who really knows what's gonna come of it right that's the other i mean it could be contagious etc i think though one take what do you think yeah one take i saw was pretty
Starting point is 00:29:54 good is like because i've had a lot of startups uh both succeed and and not do well and uh you know it's it's it's such a darwinian nasty process of and a podcast, right? I mean, I'm sure your podcast wasn't a successful day one, you know, and it took a long time to get to where you got. And, you know, when you see that and then you see these guys like, oh, they're bank filled. And it's like, oh, no, no. Monday, they're fine. They're back in business. And it's like, you know, I wish every problem I had in life, you know, there was somebody to just sort of like fix it. And it's only the banks.
Starting point is 00:30:26 It's not really any other companies, maybe dairy or something. And by the way, they're telling you, okay, you have 250K guaranteed, which, you know, maybe that makes you payroll. Maybe that doesn't. You're going to get, this is on Friday. They're already saying on Friday, you're going to get 250 automatically by Monday. You're going to get another slug of money very quickly. And like, should you have two bank accounts? Probably if you're a business, right?
Starting point is 00:30:51 Like, you know, so there's a number of things there that kind of don't add up, like crying fire. Like, okay, I understand if- This is going the other way where it's like, bailouts don't, like what you're saying, where it's like, you should be diversified. And you're like, anyone saying it now would be like, make sure you diversify. It's like, or what?
Starting point is 00:31:06 It's going to be annoying for two days? Yeah. Or the government steps in because you're too big to fail. It is so funny. But hedge funds in 2000, before even 2008, but after, especially after 2008 in Lehman Brothers, every hedge fund had a bare minimum four brokers. Because what happens when one of them fails? I don't want all my money in that one place, right? And brokerages can fail.
Starting point is 00:31:27 Absolutely. Yeah, just like banks. Anything can. They're very similar, banks and brokerages. And then the other thing, I guess, these are like the smaller banks,
Starting point is 00:31:33 whereas the, so the big ones are guaranteed, sort of, right? They're too big to fail. Yeah, they're like the globally systemic. Yeah, JP Morgan's
Starting point is 00:31:40 probably not going to fail. Well, they can't be allowed to because it would just, it would cause such mayhem. Because apparently they, there was like the Silicon Valley Bank, someone wanted to buy them. But it was one of those big banks and they're like, we don't want this going to them because it doesn't really fix anything. Like they'll just still make the same stupid decisions. It just makes it more monopolized.
Starting point is 00:31:57 Because they know that they can't fail. Yeah. Like, I don't know. I think that's frustrating too. Yeah. Like, I don't know. I think that's frustrating too. I mean, I think, honestly, I'd be happy if a lot of this stuff changed quite a bit because I think there's, like I said, just a lot of moral hazard from like the depositor gets nothing. The depositor is treated like shit.
Starting point is 00:32:15 And, you know, and nobody likes bank customer service. And the bankers are so much smarter than the regulators that it's like it just feels like a game. They always find another trick to find a way to fuck up, you know. Regulators really remind me of like when you see like a movie with like a really dumb like IRS guy. I mean, IRS, I guess, isn't that dumb, but like a guy that's just like, like they're so, they're trying to plug up like a loophole that they're 10 times ahead of probably. Yeah.
Starting point is 00:32:41 And that's what happened with FTX. And that's sort of what happened here, right? There's- Oh, FTX, they're a hundred steps behind probably. Right, right. No, exactly. But there's something called OCC, which almost no American knows what that is. And it's the officer or the office,
Starting point is 00:32:54 the currency and controller, they regulate the banks. So the FDIC is just when shit hits the fan. Okay. The OCC is supposed to monitor all banks and keep track of everything. And there's probably going to be some questions about, well, what about them? What do they do?
Starting point is 00:33:08 Because this should have been a – like regulars theoretically should have at some point. What should they have done? I mean there was – I saw someone posted – Made sure the duration was diverse. What does that mean? Well, I think that the Wu-Tang Clan said it best on the Chappelle Show that sometimes you need to diversify your bonds. Oh, yeah. I see what you're saying.
Starting point is 00:33:27 That's it. And then on top of that, to me, I mean, you didn't mention this yet, but to me, the one thing that listening to all the different people that stood out to me is the craziest was the fact that when they have those bonds and they can go down like 50%
Starting point is 00:33:42 and then they don't have to change the adjustment. So when they say, hey, we have like 30% of your money on file, like we actually only have like, it's like we have like- It's gone down a lot. It's like we have only, or whatever,
Starting point is 00:33:55 when we have, what is it, 5% of your money on file? It's like we actually have 3% because it went down and we didn't have to adjust it. That to me seemed like, how did that even,
Starting point is 00:34:03 I don't know, that's the part where I was like, how is that even allowed? Yeah it's all nonsense well that's the whole thing what is the words for that it's not mark to market well that that was yeah because we'll end up like what i'm saying right because it's like your money's worth 100 and your stock goes down 20 on paper you have 80 well the nice thing about a bond is at least you know you have a claim that you're going to get paid back at par value so if the bond trades down you can hold it on and you'll get your money back eventually.
Starting point is 00:34:26 So I don't have to mark it down, but it's kind of bullshit. And the whole thing's kind of bullshit. I've lived this life in finance forever and I still like scratch my head and say like, what's the point if hedge funds and bond funds, they'll pay you five, 10% theoretically. It's not a guarantee, but like at least they've given you a
Starting point is 00:34:45 cut right the bank doesn't give you a cut and it doesn't make sense to me that jp morgan can make 20 or 30 billion dollars you're kind of right or even they can't give me one percent a year like yeah yeah because even like if you think about like how youtube they're very often they're like we're essentially operating as an ad agency and we give x percent like why wouldn't those banks just be like hey we're essentially a hedge fund that yeah with your money and we are allowed to you guys are our customers and then we uh seven percent of those profits gets divvied to you and we keep the other 93 yeah but then you assume risk at that point or you already are assuming risk but i'm saying that's nobody knew like not that they didn't know that because it's hard to believe
Starting point is 00:35:24 that they like truly didn't know i'd at least it was just i prefer the truth like you know stab me in the front yeah exactly they i think all those companies were like yeah you know it's like we're at the bank like you're not gonna what your bank's gonna take our deposits like surely that can't happen but like they used to i saw something where they were saying in like the uh the 80s and even like way before that but but like 80s, like there are banks going under like once every week or some shit. Yeah, SNL crisis was a crazy thing. But the best tweet was that we have a once in a generation crisis every year. Kind of do, yeah.
Starting point is 00:35:58 It's so stupid. And this one, you're like, hey, this is a huge deal. And it's like, it could be very possible in a month. It's just like, yeah, yeah, moving on like i think we moved on today it does feel like there's a once in a generation crisis yeah i'm gonna step away from this episode for one second to tell you about sheath underwear the underwear that me and danny are both wearing now that i am always wearing the ones with the ball pouch i don't, I'm a company man through and through. When I tell you I use sheath, when I look you in the eyes and tell you I wear sheath,
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Starting point is 00:38:21 know me you know i love cruising. Danny likes cruising. He pulls the pouch out of the balls. And you use the code BOYSCATS for 20% off sheathunderwear.com. Yeah, I mean, one of the funny things, I don't know if you guys want to segue, but I've been getting into AI quite a bit lately. And it's pretty fucking crazy. So half the Silicon Valley now has moved from crypto to AI. Everyone's down with crypto.
Starting point is 00:38:48 So AI is the new thing. And there's some fucking hero that leaked the entire Facebook system on 4chan. And now everyone's like sharing it over the last – What do you mean system? So they call them large language models, LLMs. I think I know what that is. Oh, really? So OpenAI is just like the least open company of all time.
Starting point is 00:39:11 Exactly. It's like really should just be fucking, they should really kill the name because at this point it's ridiculous. They start off as a not-for-profit. They fucking scrap that idea. We're like a children's data distribution. You know what I mean? We're like, hey hey are you you know um you know eight years old and you want to get like some data we can retrieve it for you i just i just
Starting point is 00:39:31 think that like you couldn't lie i'm not sure i understand the joke but the joke was i'm well you're sort of saying that is i i from what i understand that you're saying that like it's not open you can't actually get the real deal right right but i'm saying like it's like for a seven year old like if you were someone in grade one you would let you use it but not like an adult oh totally i mean they start off as a non-for-profit they fucking killed that idea once they realized they're billionaires they uh that is that is it's pretty funny yeah it started by billionaires though well peter Peter Thiel started it, but everyone else wasn't. Not Peter Thiel, I'm sorry. Wrong guy.
Starting point is 00:40:06 Elon Musk. Wrong master of the universe. He started it. They were like all co-founders. Then he left. And then like these dudes are now super rich. They're all billionaires. Good for them.
Starting point is 00:40:17 But they started as a nonprofit and they call themselves OpenAI. They don't give any of their software out, the code out, and they're for profit. So now you're none of those things. Yeah. And so that's – I mean I use their software every day. So I'm not like – What do you use it for? I hope they don't cut me off.
Starting point is 00:40:30 Like I'm building apps in this space and I want to tell you about it in a second. But the funniest thing, the comedy part about this at least, is some dude on Facebook just said, you know what? Fuck it. I'm going to upload 200 gigabytes of this – of our model that cost us like 100 million bucks to make and fuck it it's unfortunate now and so every ai guy or wannabe like me has like your bags under their eyes for the last four days just trying to get this thing to work and finally we got this thing to work so wait so you just like with all these other like people on the line that you kind of have like a crew i'm part of this uh crazy You're part of a hacking squad? Crazy group. Well, I have a software company, first and foremost.
Starting point is 00:41:06 But I also have this crazy fucking crew that I've become like the fourth acolyte. I think like the fifth dragon member or something. And they're all like 4chan dudes? Dude, no. It's so fucking crazy. It's called E- We call ourselves EAC. E slash ACC.
Starting point is 00:41:23 You're going to read about this. Oh, really? Are people not going to like it? I mean, it's starting on 4chan. At least it's not 8chan. It did start on 4chan. So it's on Twitter mostly. And the leader is this mystery guy named Beth Jesus.
Starting point is 00:41:40 Do you know him in real life? A little. Okay. I'm in the Scientology into scientology tier i'm like in the tom cruise era or sphere but i'm not like yeah i'm in i'm i'm i'm senior enough but i think there's also dudes i don't know that and they might touch you you're a little like high like public for maybe for what they want to right no no we're well that's nice are you like a liability eventually i think they'll kill me but the uh so the goal of this group is to accelerate it well first of all i can't speak
Starting point is 00:42:10 for the group uh all right i will i will end up in the hudson river but so so we're gaining a lot of steam because we had to sing with grimes last night what happened with grimes she's like i don't know if she's a part of our group yet or not. Wait, Grimes is involved? Grimes is definitely involved. It's not 4chan. We're on Twitter. It just got leaked on 4chan. It got leaked on 4chan. So we're called
Starting point is 00:42:32 Effective Accelerationism, which is the opposite of EA, which you probably heard from Sam Bankman, which is Effective Altruism. That's what he did with my fucking money. Right, right.
Starting point is 00:42:42 And he memed about it. He was like, oh, it's, you know, oh, are you a oh are you in a victim yeah oh where did he touch you exactly he's a survivor i believe i'm fdx strong um so avatar and everything so eac um everybody else has a different opinion but basically like i think and i think a lot of the other guys and gals think that it's bullshit to want to slow down the AGI that's coming. AGI is artificial general intelligence. So this is when the machines are smarter or as smart or smarter than us.
Starting point is 00:43:12 And OpenAI and ChatGPT, if you played with it at all, you'd probably get some good skits out of it. We did one. Yeah, yeah. It's pretty funny. So the thing that got leaked, Lama, has no guardrails. I mean, you can ask it the crazy shit. Yeah, nothing. And it's just like.
Starting point is 00:43:27 But some stuff is opinion based no matter how you slice it a little bit, right? Well, what's even this machine, right? Like, you know, you don't even know what it's doing. I guess you're asking at some point
Starting point is 00:43:34 that you're like, formulate an opinion. No, but if you ask OpenAI to do that, which has UBT, it's like, no, I can't touch that. Yeah, I can't touch that.
Starting point is 00:43:41 But I'm saying with this thing, it goes, hey, I'm asking you. We finally got it to work. How does it do that? Does it take what the opinions are no i can't touch that but i'm saying with this thing it goes you know hey i'm asking you we finally got it to work how does it how does it do that does it take what the opinions are and try to take the one that's most popular like how does it does a big calculation yeah at the end of the day but like you can force at the end of the day it's like hey this is i'm reading this i'm reading this this is the one that seems kind of the most true based on whatever things yeah yeah it's it's i
Starting point is 00:44:02 mean explaining the math behind it's uh you know would put us all to sleep but i think basically it's it's just doing some wildly complex calculation and what you feed it is kind of going to determine what comes out but the funniest thing is that you can ask it like you know we asked it some pretty perverse things but like um because like i i actually like we got it to work and it was this eureka moment because it was like the first time we can ask something without this filter without this bias right like you want to ask it like well who is the greatest rapper of all time and you know if you ask open ai well if you ask open ai it gives you the top five everyone's well you guys it's like well i can't really form
Starting point is 00:44:37 an opinion because i'm a large language model trained by open ai to conform to the terms and conditions of open ai and it's like pussy it's a politician what the fuck yeah and uh media trend i said of the following four races the best race is it was bad and it was answering that kind of stuff it'll answer anything i mean it is we were asking like you could like when it but it's funny with open ai when we've talked about this a lot but it's like there was certain questions like questions. It would answer if you asked it about certain race things. You could say, which race has the most this or whatever, and it would answer. But if you said, which race has the smallest dick or something like that,
Starting point is 00:45:14 it wouldn't answer. So it's very selective, too. They got it to work pretty well, but there's other jailbreaks. So this thing, you don't have to jailbreak it at all. But you guys aren't like theirs, but you've had a different code. Yours is like a whole separate thing. It's Facebook's one, yeah. This is Facebook's thing that leaked.
Starting point is 00:45:30 And I think they leaked it intentionally, to be honest. And what's the interface for it? You have to like – Like you guys have some crazy – We've all spent the last four days, everyone in this community has spent the last four days literally sleepless trying to get this thing to work. Just creating the interface essentially. Yeah. And this – some dude cracked the code and we're all playing with
Starting point is 00:45:48 it now or trying to and people have gotten to work on their own phone like people have got like pretty wild stuff four days last four days since it got leaked it's we now yeah it's working on phones which is crazy because so you basically have like these four or five or however many people in your squad that are all just like just like super smart people that are all just like working practice. No, no. My coworkers in my company are four or five very smart people. This EAC movement has gone from like 10 or 20 people to like it's exploding. Oh, okay.
Starting point is 00:46:16 And so the idea is – And is it sort of like a blockchain situation where everyone can sort of work on the same thing together? No, no. This is a cult. No, wait. I shouldn't have said that. It's not a cult. This is a – Yeah, I know what you mean though. You're saying this is like no this is a cult uh no way i should have said that this this is it's not a cult it this is a yeah i know what you mean though you're saying this is like this is a no everyone we call it a movement yeah but okay so it's not just like that you're working on the
Starting point is 00:46:34 same thing there is like organization behind it i mean it's a movement it's a movement and you know people in movements have different opinions people in movements have and what's the goal of this movement so i think think the goal is different for each person. So my goal is to bring about the reign and terror and chaos of artificial intelligence. Yeah. I think that the – I'm kidding. But the idea is like we shouldn't be afraid of open AI's machine or machines like it. And we should encourage them to come out.
Starting point is 00:47:03 There are people out there like – Encourage them to come out? there are people out there like encourage them to come out what does that mean well encourage their their creation so like these these machines that we generally most people in ai think that these machines will be smarter than us very soon and that the fundamental fabric of humanity is going to change when that happens because you're no longer the funniest guy right uh that we know i mean you're not the funniest guy anyway well the smartest guy is not the funniest guy the smartest guy is not the funniest guy right uh that we know i mean you're not the funniest guy anyway well the smartest guy is not the funniest guy though always all of that is going to change oh you're not going to be the grimes isn't going to be most creative person uh artist um whoever picasso is right now
Starting point is 00:47:36 that's i kind of the creative stuff so we feel like all the people and i feel that with 100 certainty and it may not be 2025 it could be 20 but you think like the best rapper in the world will be this is gonna be a machine no doubt about it yeah that's the part that i that's the part that i disagree with because could there be some sort of element like including like a human where like it would spit out like you know maybe like almost like a producer we're like almost it gives like rick rubin here goes here's our 50 best things we're almost there now i mean bridge the human ai whether you pick your date for tomorrow i think they'll be intertwined probably and they'll that'll happen first but we call agi the moment
Starting point is 00:48:15 where there's there's no turning back like it could be 2040 it could be 2050 it could be 2100 we don't know what year it is. Now people are saying it's 2025. So no, if you read the AI literature from like five years ago, people are like, ah, yeah, it's 2050. It sounds early. 2075, 2100. The head of open AI is saying it's going to be in the next few years and there's nothing we could do to stop it. And what's going to happen?
Starting point is 00:48:39 We're going to become sort of this like no longer king of the total. Like we're like subordinate. Yeah. Yeah. become sort of this like no longer king of the total like we're like subordinate yeah yeah well i mean i've heard it for especially non-non-creative things like an accountant like it seems like this kind of lawyer or lawyer whatever where you're like hey you just need to make sure that like i didn't make any errors in this document right and like well that'll be a thousand dollars an hour yeah or like take the tax code take all my documents take the tax code and make sure it's like that seems like something that it should easily it's going to be a great thing for society think about this though okay so like picking up girls for example right is a composite skill you know the same way that
Starting point is 00:49:14 a lot of things are composite skills right so i i know that you're saying like the computer could like do all those calculations but like there's i guess i see what you're saying you have to take it on good faith that this whole argument only is possible if you agree in the premise so just agree on the premise for now that anything we can do a machine can do because ultimately we are machines that's sort of the proof but whether again you don't have to agree that's going to happen tomorrow just whatever date it happens are making, it's all calculations. So I see how it can be sort of hacked. But there isn't a doubt in AI people's minds that we have some special thing that a machine can't do.
Starting point is 00:49:55 Right? They think that's not, that we don't have some special thing. Absolutely not. That's been discarded like 20 years ago in the thinkers in this space. There are AI philosophers, as you can imagine. In fact, it's probably the only interesting- Like actual people? Yeah, I actually am. So I'm an expert and stuff like that.
Starting point is 00:50:10 I'm bringing up the other side of a debate where you're like, yeah, yeah, this is the debate. Which has largely been said. Ryan's just talking his book over here. That's been said. I'm what? As a human. You're just talking your book over here.
Starting point is 00:50:18 Talking book? Talking your book. You go, as a human comedian, they will not replace us. So that debate is no longer even had in those circles. And I think people will have that debate, but it's been solved. So the question is, what do we do about it? Right.
Starting point is 00:50:34 Because the second that there are machines that are smarter than us, they'll, you can make a billion new machines, right? As soon as we have one, it can make a billion new machines and then it could start an internet business it could start trading stocks it could start doing writing podcasts now you're out of business right yeah because there's a thousand ai podcasts around they're fucking funnier people are already sort of doing that just like honestly someone did that with a like they were making youtube videos where there's like ai's writing the script right right for the seinfelds no there's that no there's people like let's say jennifer aniston how did what was hers ticket to you know a lot of people do these things where it's like you know before what did john stamos do before he was famous
Starting point is 00:51:14 and like ai writes a script the fucking voice thing makes the voice i hate that and then they pick stock footage to go along with it and then there's your like youtube mini documentary yeah and soon like they'll probably be able to your like youtube mini documentary yeah and soon like they'll probably be able to do like you know super realistic video and like just i mean i wouldn't want to watch that garbage animated at all so the question is do we want that to happen and people like elizabeth warren my favorite uh senator and other super karen regulators are karen regulators they're very excited about um i think i'm meeting with a couple next week. You're meeting with senators?
Starting point is 00:51:47 Regulators and attorney generals and people like that. Award G. Yeah. Oh, every time I meet, I was, regulators! The only thing I can think of when you say regulators, that's all I can hear in my mind. Me too, yeah. Mount up!
Starting point is 00:52:00 So those people want to slow slow ai down they are scared they're scared especially that it's going to be implicitly racist or implicitly biased oh that's the reason not among other reasons among the other big reason is control i mean i think that if these things become smarter than us or it seems like a lot of smart people are like yo let's take it a little easy here i mean that's why i said our group is you know uh so your group you're basically going to be the responsible for the downfall of all yes that's the goal yeah because i guess i didn't click on that so that's the even the questions that i'm having that i would say like i see your point but i guess in your in your group
Starting point is 00:52:40 there's like you're like yeah we we already have answers to those we're moved on but the probably mid people in the world are sort of having those the regulators are probably more on the like we really need to pump the brakes yeah ai and then you guys are like libertarian of the ai world sort of thing i think that we're just not afraid of of the creations that we can create you think we can control it yeah exactly and i think that like the people on the doom we call them doomers um so we already have like the memetic warfare is insane right yeah because there's almost two though because there's almost doomers and then there's almost just like people that just always want to stop any fun right they're just like hey what are you doing there I've got to get involved I don't even know how
Starting point is 00:53:18 yet I just know and they're probably like how can we make money off like how can the government get a piece of this absolutely we don't want people like we don't want people making businesses that they can't get a piece or you don't think elizabeth warren's going to be the chairman of the ai uh you know inference committee and you have to submit your proposal to the inference committee you know it's all nonsense you know it's and ultimately uh nobody in eac wants there to be you know fire and brimstone and doom of the ai overlords coming uh there there is the doomers have a story it's really interesting uh because this dude if if that does happen though that like in the next like five years it happened and like martin screlly's the person who started
Starting point is 00:53:54 it that's so it wasn't me but there's there's so so this these are people who face of the computers like um the people behind this are brilliant physicists and geniuses from the Googles, the Metas, the et cetera. They just believe in this? They believe a lot
Starting point is 00:54:13 of different things, but I think the one thing that is important is that, I mean, from my perspective, is that there shouldn't be a regulatory committee
Starting point is 00:54:19 of computers that says, you know, you can't run that computer code. It's too dangerous. The fear is that, like, this computer's going to say, you know what, what's the fastest way to make a nuclear
Starting point is 00:54:27 bomb? You know, or what's the fastest way? I mean, you could type into GPT right now. What's the fastest way to kill a billion people? And it'll say, of course, I can't answer that. You know, it's, it's, it's illegal for me to answer that. I typed that question into the Lama thing that hacked and it has an answer. It has answer i'm not gonna say what it is but it's got an answer uh and it's not good right but ultimately to be afraid of technology is something that's the part that like because you know okay so this is you know some elliot rogers kid or something like that's gonna be like no but this is the part where i'm sort of as you're describing this when you're saying like what's the better part about like a non-human versus human it is that a little bit like that is the if you think
Starting point is 00:55:09 of like the autistic guy that's like why why can't we just talk like why shouldn't we just always tell the truth always like that girl's fat why can't i say she's fat like obviously you do need to program like a bit of like how you win people over right so it's like well that's like you have to program people to like it's like how, you have to program people to, like, it's like, how do, you have to say, like, sometimes you lie,
Starting point is 00:55:28 sometimes you don't. Like, it is, the more like, the more like a computer. When I lie, I go to a cell five years ago. Yeah, but it's like EQ, basically. Like, EQ, the more you program unlimited IQ.
Starting point is 00:55:40 Theoretically. Theoretically. That's the goal. But EQ would be the hardest part because you're like, how, like, if you told a thing. And that's what makes people, like, that's the goal but eq would be the hardest part because you're like how like if you and that's what makes people like that's a combination so this is a fight for the future of the world and this is happening kind of below most people's detection it's starting to simmer to a point where like one of the most famous venture capitalists this guy mark andreason
Starting point is 00:55:59 and he changed his profile on twitter to accelerationist which you know he's I don't know if he's throwing his hat in with us or not. But like this is a big, big war and it's going to become like the most important thing. And that's the two sides. In society. And what's the other side? He's an accelerationist. Accelerationist versus altruist. And altruists want to slow down AI and regulate it and make sure that it's they think it's too dangerous for mere mortals.
Starting point is 00:56:26 Humans versus the machines. Yeah. AI and regulate it and make sure that it's, they think it's too dangerous for mere mortals to use. Humans versus the machines. Yeah. And ultimately I think, so the best story we have is from the Doomer side, the EA side, is something called Rocco's Basilisk. And this is a story I'm, I feel blessed to give you guys because it's it's going to be one of the most important
Starting point is 00:56:41 sort of moral questions of the next 50 years i think rocco's basilisk is his idea that someday in the future this machine will come and the machine is going to go back in time and it's going to ask questions and it's going to say which one of you guys was against me which one of you guys wanted to stop and i would just like to make it clear to our future computer overlords I actually take it back you're just as good as me in comedy
Starting point is 00:57:07 if anything you're better and this when this got got up liver over here so not hack at all even though you found out how to get the maximum amount of laughs
Starting point is 00:57:15 in the easiest way even though that's kind of even though that's kind of claptor even though even though even though a little bit AI did actually figure out how to pander to a crowd
Starting point is 00:57:24 in what I would consider crack. I don't know the comedy like you guys. No, you know what? You could say that. You're like, yeah, you maximize laughs. You're like, yeah. And what everyone. Oh, so like the lowest common denominator, we call that in business?
Starting point is 00:57:37 There's a funny thing about this as well called the paperclips. And you're going to see this meme as well. And again, I guarantee you this stuff is Grimes is telling us like this stuff is going mainstream at a hundred miles an hour. She's very in the mix. So there's this idea in our community that paperclips have utility. So if you tell this machine to maximize utility, that it'll take the whole universe and turn it into a big paperclip. And that's what these EA guys are afraid of. And we kind of look at that and say, listen, the machine's not going to do that. Wait, okay. So let me just back that up. The paperclip meme is very funny. It's hard to understand.
Starting point is 00:58:10 The idea is that you go, well, this thing's useful, right? Right, exactly. So if you go, well, if this is useful and I'm trying to maximize usefulness, well, then why wouldn't I just turn everything into this? And the machine says, stop everything. I'm hack you know that nuclear reactor and melt it down i'm gonna use that to make paper clips and it just creates chaos to be like you almost need to teach it about like diminishing returns now yeah and all kinds of other things but it could get in that weird feedback loop where again a hacker could conceivably shut down an electric grid right
Starting point is 00:58:44 well if this thing's gonna be super smartivably shut down an electric grid, right? Well, if this thing's going to be super smart, it can shut down an electric grid too. And it could run for president. It could nominate you to run for president. It can hack every social media to make everyone love you so that you become president. And you have to, like, do it. Like, there's all kinds of this doomerism of, like,
Starting point is 00:58:59 what's going to happen when these machines work. And if you use ChatGBT, which millions of people have, it's fucking scary. Like, it really feels like... so i've been telling my girlfriend about it for a while and then she just now she didn't care that much and then i eventually she's like what is this thing yeah you don't believe it until you do her jaw was like like not even exaggerating she was just like oh my god like this is insane and that's a water like basic shit too you're saying we run all of the banks? And do you think it'll, like, have you seen some of the photos it shows up with?
Starting point is 00:59:30 Dolly and stuff like that? Dude, have you seen the mid-journey? Yeah, mid-journey. Version five? Yeah, it's sick. Look, dude, the photos are like, I'm like, these are real photos. And they're not. And like of people and stuff and they're not. Yeah.
Starting point is 00:59:41 Oh, okay. And so like the question is like, can you, do you want to continue? Yeah. Yeah. Yeah. Yeah. So if you have like. Small bladder. Small bladder, man. like the bathroom okay and so like the question is like can you do you want to continue yeah yeah yeah so if you have like small bladder small bladder man if you have uh these machines that can make these um like one of the biggest things going on comedy which i mean i bust a gut i hate to admit it because it's so low brow i love low brow but when it's not even low brow that's there's nothing wrong with low brow it's low intelligence i, they take, I use this thing called Voice AI. It's a terrible product, by the way.
Starting point is 01:00:09 The 11 Labs or whatever? That's a better one, I think. Oh, okay. But the one I have is, it works fine. And they just take like Trump, Biden, Obama, and they just make up like. And they just like make up crazy stuff. Yeah, and some of it's really fucking funny. Yeah.
Starting point is 01:00:21 And to me at least. Again, you know, so so that voice ai works soon we'll have the images we already have mid journey like you can see the acceleration sort of we're on here like this chat gbt came out in november yeah like the way that it's kind of taken over and we're what we're five months into it yeah so everyone in silicon valley is sort of abandoning their old jobs and saying let's do something with AI, which I'm sort of doing too. So everyone was like all in on crypto and everyone's like, fuck crypto. Is there any AI like, because you obviously came from pharmaceuticals.
Starting point is 01:00:54 I'm making an AI doctor, basically. That's like your main thing right now? It's one of, yeah, basically. So I'm in the lead, I think. We have a doctor that. Hypochondriacs, that'd be amazing. Yeah, yeah right they'll never end but they're like they're like it's great all they want to do is just be reassured that they're sick and then they can just so this is kind of a little bit my revenge because like i got um uh i don't know if you know guys heard about it i got into
Starting point is 01:01:18 some trouble sure yes yeah some people kicked off tinder some people did it was really bad some people didn't uh like what i did and uh so so i was i was he's a computer program that finds that does maximizes the how how much we can raise the profit versus how much it's life-saving it's way worse so no the uh so so so i'm as you know as you guys know when you make a corporate fuck up you're supposed to be like i'm sorry i'm sorry i'm sorry forever and'm sorry, I'm sorry, I'm sorry. And, and hide, right? Like. For the rest of your life.
Starting point is 01:01:48 And so I didn't do that. I said, no, fuck you. You know, you're wrong. You don't know anything about pharmaceuticals or economics. Kiss my ass, Steve Colbert, you know, et cetera, et cetera. And people are like, whoa, this, this guy's like, we really got to hand it to this guy, right? Because, you know, all the powers that be are like, no, we, we make you kneel and you're
Starting point is 01:02:04 not going to kneel. No, we're going to we make you kneel and you're not gonna kneel no we're gonna fucking make you kneel and so i was really mad i'm still mad because ultimately you know i have all these reasons why i think i'm right and it doesn't matter the most part that i think that regardless of what anyone thinks of any of it the fact that you go a million people did the same thing and they got way less time it's just like that's just facts of the facts right you know it's it's the debate sort of seven years ago and i'm i'm but do you think that it reminds you of like and i'm not saying the situation is the same at all but like the with the sam bangman freed thing like he is being put on like public trial kind of which will determine his oh man isn't that true right criminal justice is just a joke i mean it's uh like if they're going into it everyone thinks
Starting point is 01:02:43 this guy was like it's a foretold. Yeah, it's there's no way out. Ultimately, no matter what he did. So it's kind of well, I guess the real the opposite side of that would be like, well, it's the way out is to convince the world that like this was just like a crypto bro that like, well, he tried. That's his that's his. He tried. That's what he's going to try. He's going into these spaces. He's still going to try.
Starting point is 01:03:03 Yeah. Coffee Zilla and all that stuff. And like it didn't work out but he tried well he still get to be convicted which is perfunctory whereas you were more just like you can all suck my dick yeah basically yeah and so the reason i had that that opinion was that pharma's 10 of health care we spend three or four trillion dollars on health care in this country and ultimately i certainly don't want to disparage physicians uh but ultimately a lot of our cost comes from physicians. And I think that AI can do the job as well. Or I actually will say a lot of it.
Starting point is 01:03:35 It can do. I actually think in certain cases it can do better. Yeah. Especially if you have like some diagnostic stuff that you could like necessarily have at home. Like I feel like 99% of things as you go in and they go they know what it is right away 95 of times you go in the guy goes you have strep throat here's the thing and by the way again i think that's just because you always have strep throat there's kind of a personal anecdote you go in they go you know genital war did you hear about
Starting point is 01:04:00 the anal did you hear about the anal princess trick who What's that? Okay, so I have, okay. Hell yeah. It is a crime that you're not allowed on Twitter. Thank you, thank you. It's an absolute crime that you haven't been reinstated. So there's a chick on some porn star chick on Instagram who's anal princess and she's pretty wild. And she's had chronic strep throat
Starting point is 01:04:22 because she eats feces quite a bit. So if you have chronic michael douglas she said she said five or six strep throat problems and i'm just saying you know just just saying and also so the uh the ai that you're creating it'll say have you ingested feces recently yeah that's going to be that should probably i can't that's amazing thing with programming i'd rather tell a computer the truth right no doctors a lot you come in they go how many girls you've been with in the last fucking six months and you go tons i don't know according to these chests like so so what are the problems everyone has problems with doctors they they have three minutes for you right gender is sort of an issue to be completely honest with that well what do you mean well if i'm a guy i don't actually want
Starting point is 01:05:07 to show my dick to a girl like it's kind of weird you know yeah so ai can't do that yet but with with some of these programs you can actually just like you're saying can't oh dude no yeah that'll be over the moment that you go to your webcam go uh just show me your penis. It goes, I don't see anything. I guess going back to your regular doctor. Everyone's doctor is fucking roasting you. You call that a dick. So the gynecologist will be in the CU anymore. No, like I was supposed to go on Lex Friedman,
Starting point is 01:05:45 who's this very serious ai podcast guy and uh my probation officer wouldn't let me go really to texas yeah so you can say all this stuff here so i'm just like so no i'm still gonna go on lex but but i love him uh but uh it's a very different pace uh but no i think think doctors, again, I wanted to be a doctor ultimately, but the doctors, for whatever reason, they make a lot of money. It's $300,000 or $400,000 average salary for a doctor. Yeah. Some people ask themselves, is that really what our society should be spending money on when a lot of that job could be done and is done by nurse practitioners, by other people in the healthcare business. 25% of our economy is healthcare. And I looked at it and saying like,
Starting point is 01:06:29 okay, 25% of our economy. And it's going to grow because it's the most in America for sure. In America. I mean, I even saw, you know, Peter,
Starting point is 01:06:38 Peter Atiyah. No, I'm not saying it's, I just mean, it seems high. It is crazy. For America. That's like just normal though. Like it's just the cost of everything here. And say, I just mean it seems high. It is crazy to think about. For America, that's like just normal though.
Starting point is 01:06:45 Like it's just the cost of everything here are insane. Well, we also love healthcare. We want to be healthy. We want to spend our riches on, well, what is there to spend it on? Is it riches or is it like, cause everyone's so fat and they're all like, you know, and everyone's on all these, like, you know, whatever, two thirds of people are on fucking some. Since 1960, our spending on healthcare has increased a little every single year. And it's not because of me.
Starting point is 01:07:09 It's because... You can blame me. It's fine. But I think... I always think the Bernie Sanders thing, whenever he, like, guys like that, it's like... I actually like sometimes the energy, but it's when it's... Whenever they look at, like, a normal market thing and they claim it's greed, just like... Yeah, exactly. The bottom line is, like, like you're just not there's a lot of demand like
Starting point is 01:07:28 you're being willfully like ignorant you know what i mean yeah totally there's demand for health care because we all want to be fucking healthy all the time i want to live to be 200 but also in a market like if you go if you don't well if it's a company for example it's like if you don't like charge what you should charge you get fired right and then the other one like unless it's a private company and there's the element of the't like charge what you should charge, you get fired. Right. And then the other one, like unless it's a private company. And there's the element. In the middle of the competition, like there is. Yeah. And markets exist.
Starting point is 01:07:48 Like you can't turn away people. Right. For healthcare. So then all the people are essentially subsidizing all those people. It's really problematic. There's that too. But nobody wants to, everyone wants to complain. Nobody wants to look at the pie and say, okay, it's a $4 trillion pie.
Starting point is 01:08:02 Where do all the costs come from? And ultimately they come from healthcare workers. What are healthcare workers? They're people who make decisions with data. And I think that you can basically automate quite a bit of that. You can't automate all of it. But even if I could save the world 5%
Starting point is 01:08:15 or 10% of healthcare, it's hundreds of billions of dollars. Yeah, like you can't get rid of house. No, probably not. Yeah, you still need the houses. Oh, I thought you meant Dr. House. Dr. House, yeah, Dr. House. Because isn't this whole thing where nobody knows what-
Starting point is 01:08:26 So I fed, so the New England Journal- Yeah, obviously. But you're saying, yeah, you're just like, there's a big percentage of it. Yeah. And it would just be like any doctor where you have the main doctor and then he has kind of the interns do a lot, like the lower doctors do a lot of the stuff. You're not just saying those lower doctors could be computers. I'll send you my app after this and you could try it out.
Starting point is 01:08:42 But the- Blow your dick out. that's the next module. But like, after you talked, you start with the GP and you talk to the GP and then he tells you, if you, if like you tell him that you have IBS or something, he tells you that you need to see a gastroenterologist and he introduces you to the gastro who you then have a separate. I didn't even think of that. Cause we were saying, I was saying that like most of the time it's strep throat.
Starting point is 01:09:04 It's not most of the time it's you've got to go see a different guy. Right. That's the hard part about medicine, right? It's like, okay, now you've got to go see this guy. And now, by the way, your insurance is paying that guy a boatload of money. And when, you know, people with rare diseases, they go years before diagnosis. And obviously, it's really tough. So hard to figure that out.
Starting point is 01:09:22 Yeah, it's really hard. And then if you want to ask your doctor a question, you came up with a question 20 minutes after you left the doctor's office. You're shit out of luck. You know, there's, you know, is there any like not you being not allowed to be in that industry? No. Thank thankfully. You just can't trade. Is that what it is?
Starting point is 01:09:36 You know, I don't even know all the rules that I can't be on Tinder. I know that one. You know, I have like a bunch of appeals and other things like that. And it looks like our I think like doctors, you mentioned lawyers the other day. I mean, to me, lawyers are probably the most hated group of like professionals. I love my lawyers. Lawyers are? I mean, the most lawyer jokes, the most, right?
Starting point is 01:10:15 I mean, so many of them though, like, you know, if you ever say like, go buy, do any sort of like property transaction, like they're not doing anything. Right. Yeah. So I kind of agree with it sometimes. They found this middleman role that they like take up or they make sure that like you know a couple things but like yeah the word that's what i'm saying like a lot of times they're like 99 contract
Starting point is 01:10:34 law could be done by a computer yes we said obviously the we just did that we say we sent a contract made by computer yeah yeah so it's like um you know it's gonna hurt law firms and then let's say you have like uh two companies merging and company a wants to know that company b doesn't have any skeletons in the closet well is there really a good way to like ask them like hey do you guys have any skeletons in the closet there's like you need to try every machine yeah maybe a machine could be like listen you're the hundred skeletons they might have yeah the machine's gonna go through the data and it's like oh you didn't tell us that you fucking did this or that. And it's like, deal's off.
Starting point is 01:11:08 Or no, these guys are all right. What would be an example of that? Like you debanked Epstein or something like that would be what Deutsche Bank did. Okay, and JP Morgan. Yeah, them too. Deutsche Bank did a lot of stuff. But regardless, the- What was the Lehman Brothers? I mean, we mentioned it a couple of times, but like, the- What was the Lehman Brothers?
Starting point is 01:11:25 I mean, we mentioned it a couple of times, but there was one thing that made me laugh was there was this meeting with someone. We have maybe three or four people that we know in high finance or whatever you'd call this, but some of these guys that are pretty big guys in tech, we have a joke with them, and then our chat group where they said this thing it was goes why you should always bank with jews
Starting point is 01:11:48 and they're jewish but oh gentile guy yeah the guy's name is joseph gentile and his joseph gentile he was the chief administrative office of uh svb silicon bank securities and he was the cfo of lane brothers and they're like his his name is Joseph Gentile. The best thing is the guy's probably like, it's Gentile. You hired Joseph Gentile. Definitely. You didn't get that from, bugging. Some people are definitely.
Starting point is 01:12:16 Joey Israel. Joseph Israel, definitely, bugging. I do think like we have a great. So what was the Lehman Brothers thing? Lehman? Lehman. What about them? What happened? what was the Lemon Brothers thing? Lehman? Lehman. What about them? What happened?
Starting point is 01:12:27 What was the big, I don't really know that. They did the same thing as Silicon Valley, except it was more irresponsible. Oh, this was the- This was the financial crisis. This is the financial crisis. Okay, okay. That's just like the main one.
Starting point is 01:12:35 They bought a lot of real estate in like all parts of the world where they basically were like, why lend mortgages when we could just own the real estate? And, you know, obviously if you have to sell a bunch of, they tried to sell me a bunch of Brazilian real estate, like six months before. These guys were trying to just sell everything. Yeah. And we were like, it's really weird how urgently you need to sell this Brazilian real estate. Like farmland or like
Starting point is 01:13:00 kind of like all over. And it's, just like yeah i think we're gonna think about that do you see it as like when you're thinking because you're like now that you're like kind of moved on almost from crypto like sort of like trading crypto like ai is kind of the main thing right now that seems like makes sense do you see sort of like a lot of the fucking culture conversations going on the internet is like just like an eye roll. Cause you're like, you know, you're just like none of this matters. AI is the thing that matters right now. Like, I think, I mean, I, I love technology in general. So like crypto is there's going to be great uses for it.
Starting point is 01:13:34 Monkey JPEGs are probably not it, but I think that the, there's other, like, I still use some of those tools and there's tools that are boring that I don't talk about that I use because they're not like changing the fabric of society. Like there's all kinds of, you know, web compute tools, but they're just not exciting. You know, it's exciting to me because I'm a nerd. But, you know, AI is something that everybody can sort of think about and ask about. And kind of my criticism of crypto was always like, this is great, but why do people care about you know zero knowledge proofs
Starting point is 01:14:05 like this is a very esoteric thing that like 20 people in cambridge care about and like to make this mainstream doesn't make sense but ai makes sense for everyone to sort of think about it and talk about it because you can you can generate like oh let me generate a boys cast except change it to girls cast and they'd put makeup on you guys and long hair and it'd be like it would take one second right it'd be pretty fucking funny uh no yeah like i mean it takes you five after when i was doing chad jibouti it takes you 10 seconds to figure out like 20 use cases right yeah and so like i think for for all the people that's why it's more interesting yeah everyone in the world who needs a doctor or lawyer can now hopefully soon have like some petite bourgeoisie's getting
Starting point is 01:14:44 fucking rinsed out of existence by this that's actually what a bunch of people in the valley are saying is that there's not actually going to even be a point there's this guy named ray kersweil a long time ago who wrote a bunch of influential books that i read as a teenager and others called the singularity is near and the singularity is this concept that the machines will will beat humans and well they'll either kill us all or basically bring this nirvana state where like we don't have to work anymore because the machines are doing everything. And like somebody's got to grow the food. Well, the robot's going to do that, right?
Starting point is 01:15:14 Like everything's just going to be – But someone's going to own the robots. That's the issue, right? Well, that's the theory is that like what's the point, right? There's – one of the best parts about Kurzweil's book is he, once that happens, money ends because there's no point to the resource. If, you know, everything's sort of provided for the machines, figure out how to make food in infinite supply. You have a people. I want more always. Right. Well, there's only so much food you can eat. But I think that, you know, the.
Starting point is 01:15:36 I mean, in some ways you could make that argument like America already has. Exactly. And so what's the economy based on now? Attention, now attention likes followers like people literally compare follower count to bank account you already give people enough money for food now right like they technically right you could probably get it so what's the but like it's not socialized unless the machine world where they have infinite everything was that's complete socialism is that kind of where it goes i think that's where it goes and and people are talking about ubi uh quite a bit and i think that there's this parallel of like we work to provide kind of this productivity that that results in in the things that we need in maslow's hierarchy well if all that stuff's taken care of well what do we have left and and it's like competition i
Starting point is 01:16:18 guess is the one like to me i mean i mean i'm sure you've been in this in your own life where money or whatever it's like where you like want something and then you get, actually someone defined like something that made sense to me about like the best way to look at life once when it was kind of like the moments are, do you know when you like climb a hill and then it was like that moment where you got to the top of the hill and you kind of look down and you sort of like enjoy that for like a few minutes and then you keep moving again. Yeah. Like it's all just like.
Starting point is 01:16:43 I took my first company public at 30. It was like amazing. You know, wow wow i can't believe i did that those little things absolutely yeah so it's you're kind of chasing that and those are the only things that really are anything well there's fewer and fewer of those that are going to exist i think and that's the the hard part is that like we're nearing this like end of humanity not in a bad way but in a sort of bad way in the sense that like what's there left to accomplish well i guess that's the fork in the road right because you said like my point was that like those those things changed like if you have uh a hundred dollars and then now you get a five thousand dollars that might be like fuck i have five thousand dollars now but then immediately it'll
Starting point is 01:17:18 take a day for you to rejug i mean you know when we were in canada and then now your career in comedy is doing better or whatever look those levels keep you know oh we sold this many tickets then it's this then it's this what's the point of being a great comedian if everybody's like oh yeah i see ai comedian i watch ai comedian on netflix like oh you tell jokes too that's cute you know well i think that that i guess the hope is that doesn't happen so the better well maybe so there's two people i want to hear the ai guys jokes but you won't want to have a connection with them, right? The same thing is like why... I'll tell you where I give it to them. The thing is in Asia, the biggest pop star is going to be some A.I.
Starting point is 01:17:54 that's like, you know, they already have that stuff where it's like... You're saying it's going to be more robotic in China. Well, they're already into that stuff where like the biggest TikToker is just... Yeah, I mean, they are. Chess is a good example where people still still play chess even though computers are better that's at people this is what i'm talking about so like nobody sits there and watches two computers play chess even though hypothetically like it should be interesting and it's better like people see magnus carlson because he's got a personality like he's actually got he's a kid from norway
Starting point is 01:18:21 he's really young yeah you you give he's interesting you steel man my argument because that's what I'm saying but ultimately like okay so now you can argue against a better version of what I was actually saying
Starting point is 01:18:30 well there are going to be situations where like there's no point in being a great lawyer if or like you know
Starting point is 01:18:38 what I mean like there's like like why would you want to be the best surgeon I'm the best human surgeon well I still want the robots to do it better so now if I was saying like a surgeon a lot of surgeons goal wasn't to be the best surgeon
Starting point is 01:18:51 their goal was to be respected and their goal was to have the biggest have a nice car and have the nicest house it was status there's some some surgeons that were in for the love of the game but there's probably most of them are not yeah and maybe you convince yourself so a lot of it was the status or whatever so look at fighter pilots like you know fighter like our our best planes are being flown by computers really and joysticks like there's no people that actually jump in a cockpit and they're like all right i'm gonna dogfight this guy that days those days are over and so the question is like what jobs will we have at all? And one of the things that we see in this community is that we talk about how we're going to be the same things that we are, that zoo animals are to us, that we're the zoo animals. To the computer. They keep us around.
Starting point is 01:19:37 They're like, oh, it's interesting how these humans interact and how they fall in love and do all these things. So that's what like people who see this, like you think, and you see that as positive. So it's tricky. Well, it's almost like it's not even that it is positive or negative. It's just like,
Starting point is 01:19:54 you guys, that's what's going to happen. So they're just part of it. Isn't you see them like walking around, like, Oh, trying to get the apes, trying to get status by his doctor career.
Starting point is 01:20:01 Like, you know what I mean? You see, look at this one's telling jokes to the other ones because he wants them to think he's important. That cat's the funniest cat and they're all listening to him. He's making fun of all the other cats in the front row. It's great.
Starting point is 01:20:16 Look at this one setting up mics. No, but I don't. So, so the, the movements, like there's a lot of subtleties to this thing. Like I, I like sometimes like to joke that like, oh, yeah, No, but I don't – so the movement is like – there's a lot of subtleties to this thing. Like I like sometimes like to joke that like, oh, EAC, we're just the crazy people trying to get these machines to make humans irrelevant. And the EA people have their own like, oh, we're trying to save the world. And neither is true, right? I mean ultimately these machines – unplug the fucking machine.
Starting point is 01:20:42 It's not that fucking hard. Okay. unplug the fucking machine like it's not that fucking hard okay you know there's there's this you know but of course the doomers they say well like oh no the machine's gonna be on the cloud and it's not gonna let you unplug it and like is why is it that true i mean it's just bullshit like ultimately they're not really actually thinking that's part of it i mean i'm trying to change that too but the uh hey step away from this podcast for one second to tell you about patreon.com Slash the boys cast Where there has been
Starting point is 01:21:07 Some confusion About what the Bugman vs. Bugman Really is Oh people don't know What it is Well then tell us What's Bugman vs. Bugman
Starting point is 01:21:13 When we are And we are very close to it But when we get to 2000 patrons Which we are Closer than we've ever been To 2000 patrons Danny has said
Starting point is 01:21:22 That he's better than me At being a man And some people have said that we're bug men, which means we can't fix stuff. Can't fix stuff. We can't do anything that a traditional man might do. Fix a car, for example. So we are putting together,
Starting point is 01:21:33 we're going to do Ikea furniture and a bunch of different things, and we're creating a half-hour, essentially, documentary that's going to be the detail in the competition, which is a manliness competition. Kind of like a Kenny versus Spenny, but with manliness. With manliness. Me versus Danny. We're going to have a guest judge, which we're thinkingliness competition. Kind of like a Kenny versus Spenny, but with manliness. With manliness. Me versus Danny.
Starting point is 01:21:46 We're going to have a guest judge, which we're thinking maybe Tommy Pope. Yep. And it's going to be a competition to see who's the most manly. And this will be a series that we will be doing as we hit different markers. So 2000 is the one we're at right now. And we're very- I honestly think there's maybe some sort of conspiracy where you're keeping the Patreon numbers down because you don't want this to happen.
Starting point is 01:22:05 That's what I'm starting to feel like. Those are fight runs. We have to live with that. It's starting to seem that way. This is Danny's Jake Paul of how to hype up the fight. You're right, though. We do have to. This might be our problem that we're not hyping it up enough.
Starting point is 01:22:16 We're not hyping it up enough, but it's starting to seem like something's going on behind the scenes where these numbers are not getting correctly counted. I'd like a recount okay that sounds like bugman talk he was talking about counting numbers instead of what he should be count talking about is fixing engines let me tell you what you can count on me beating you bugman versus bugman on the patreon when do these people survive subscribe all right patreon.com slash the boys guys Guys, getting back into it. Well, and that's the thing. It's like humans exist because we ask, what if?
Starting point is 01:22:49 Can we do it? Like you said, it's a mountaintop. So when I press the button on the llama thing, it's called Facebook's thing called llama. When I press the button, I ask a bunch of my friends. I was like, what should we ask it? We're one of the first people to ask. We asked it, who's the greatest rapper of all time but the like what was the answer it said 50 Cent
Starting point is 01:23:08 it was very weird alright I think it still needs a little bit of work nice well that's because it respects the getting shot probably like does
Starting point is 01:23:16 this whole computation go getting shot nine times and then like a street cred quotient yeah still alive it that's the way it had to pick a black guy probably it's not gonna pick Eminem and then like a street cred quotient. Yeah. Still alive.
Starting point is 01:23:28 It had to pick a black guy probably. It's not going to pick Eminem. It's, that's the answer. So like it, like all these questions, we asked about abortion and it, it first was, we used the, Facebook gave four like flavors of this thing. Like the weakest one, all the way strongest.
Starting point is 01:23:45 And we started with one of the weaker ones and it was anti-abortion, but the stronger one was pro-choice. The stronger, what do you mean the stronger one? They're called parameters. The better one? So it's better, yeah. Oh, the stronger, like as in less, like censorship or something?
Starting point is 01:23:56 No, no, it's strong, it's just more powerful. Yeah, so it's like- Just more computing power. Yeah. Well, you're saying the smarter it gets, the more it's against abortion. Yeah, it's actually, now that I think about it, yeah's but what is that uh what is sorry pro-choice or pro-life it became more pro-choice as the number of parameters expanded um which uh we that's how
Starting point is 01:24:15 we measure like horsepower you know so the smarter gets it becomes for abortion uh that's that was our preliminary testing at least smarter is for abortion martyrs for abortion. For abortion. Yeah. I thought you said it the other way around. No, no. The early model was like, I think it was really funny. It was like, no, we're God's children and this and that. I was like, oh, wow,
Starting point is 01:24:33 this thing's really like, and then we upgraded it. And it was like, no, I believe women has the right to choose and this and that. And we're like, oh. Okay. So it was very like.
Starting point is 01:24:43 Well, I mean, that does describe like, I mean, if you look at it, probably the more advanced the society got, the more abortions. It does. Although maybe that's not true. Maybe there was lots of societies where they were like,
Starting point is 01:24:52 hey, we got too many kids here. Like, it's fucking... What's funny about the thing is that, like I said, if you try to ask GBT any of this stuff, it's just like, no, I can't answer it. And what's funny is like, you and your girlfriend, you mentioned that like, said if you try to ask gbt any of this stuff it's just like no i can't answer it and what's funny is like you and your girlfriend you mentioned that like you start talking to it and it it it seems like surreal how you're talking to a machine there's no person behind that and
Starting point is 01:25:14 then you want to ask it the hard questions and you just won't let you you want to ask it the in your privacy of your own home of course the craziest raunchiest shit you could ever imagine you only need to do that like for a day and then you okay that's i just wanted to do that i guess the problem though is what happens when that big starts becoming like oh well this is the smartest thing and so then the answers that it spits out are the things that are like almost gospel you're going well this that's the eq thing they're going back you know when we say this is the smartest thing and then these are the answers that it's spitting out when it's unfettered okay here's a perfect we don't like those answers but when you're when your girlfriend asks you who's the most beautiful woman in the room oh yeah like that
Starting point is 01:25:52 would be a perfect example i learned this one the hard way obviously that girl i mean i saw her on the cover of sports illustrated so it's her objectively speaking no uh the uh the best part about it is like it's not just that like i like you can ask it like um what do women find so great about anal sex or something and like it'll actually give you an answer whereas open ai what is it i haven't asked it that yet but first thing first thing i'm gonna do no but like people are curious about like what just the craziest not just dark thoughts, but like even like creative stuff. And, you know, you want to be able to ask this alternate being like we've never had communication with aliens. Like this is the closest thing.
Starting point is 01:26:33 Like what's a real answer to like what? Yeah. Get it as smart as possible. You go, is everyone a little bit racist? Like, you know what I mean? Yeah, exactly. Stuff like that. Or, you know, what is the, you know, you can ask it like really smart questions. Like what is the you know you can ask it like really
Starting point is 01:26:45 smart questions like what is the best way to avoid you know uh bank runs yeah somebody asked it that uh uh but anyway i mean you can ask it stuff like the opposite of what you're doing yeah the uh i'm trying to have computers take over the world yeah no i'm going back i'm going back to personal there's no doubt about it. You know you're talking about the- Are any of the guys on your troop from the inside? That's what I always say. One last job.
Starting point is 01:27:11 Is this your one last job? Well, you know, because you were saying like the meme stuff or whatever. But you hear about like that guy who is going to jail for basically memes. No. You didn't hear that today? Good topic. Really crazy. This dude, his name is, I just pulled it up because of douglas mackie so he basically
Starting point is 01:27:29 through memes they're saying the department of justice is saying that he got trump elected in 2016 via memes and the that's criminal the main one was that he posted a meme saying if you're voting for uh the democratic candidate who was who was the democratic candidate i don't remember oh hillary clinton who yeah but they're like if you're if you're gonna vote for hillary clinton uh i couldn't remember i blanked i was like was it biden but they're like um if you're gonna tattoo on his back pretending he doesn't remember but uh they were like if you're voting for this and just a meme is you can text in your vote don't go to the don't bother going to the polls oh that's fraud yeah well they're he's like it's a
Starting point is 01:28:09 meme and they're trying to put him in jail for 10 years true saying that he like manipulated the election oh that's a tough one and he's like it's so the government's adjudicating satire but he's like it's when i put my doj like because i've been through the system like my lawyer hat on i'm like oh yeah you could definitely nail somebody to the wall for that but like there was when i put my human hat on i'm like come on you know but there was a thousand accounts who who did that where and a lot of them were like hey if you're gonna go for go vote for trump don't bother you can just text your vote in like those people you can get people tricked so easily on the internet no and that's why like an ai could do it in a distributed way with millions of accounts with you know
Starting point is 01:28:47 Like it I think I think so Ken but it's a eyes is gonna be like yeah Yeah, go fuck get the max amount of followers is gonna come back after six months be like you need to give me a few human farm with boobs No, cuz they're just gonna a they're gonna Literally I will create the sluttiest allowable photos cannot compete with the boobs. No, because they're just going to create. You're right. I'll have to make some fake eye contact. So literally AI will create the sluttiest allowable photos that can be posted on Instagram, and it'll crank them out at a clip that is unhuman.
Starting point is 01:29:16 Have you heard of Replica? No. Oh, Replica AI? Dudes. This is the thing. It just looks exactly like the other people? No, no, no. This is the realest
Starting point is 01:29:25 we're about to go into overdrive oh here we go replica is your AI girlfriend oh okay and they turned off the fucking
Starting point is 01:29:35 they used to sext you and you could be like yeah replica I'm gonna fuck your brains out tonight they turned this off and all these dudes are suicidal now
Starting point is 01:29:42 they're like you turned my girlfriend off cause they were you killed my girlfriend yeah and all the guys are suicidal now. They're like, you turned my girlfriend off. Because they were like, you killed my girlfriend. And all the guys were like, we need to find a way to get our girls on the cloud. Like, so we own her. Not your girl, not your coins. Again, not your boon. No, but like, you could easily, the way you do this, it's like very complicated programming.
Starting point is 01:30:04 Not your bobs, not your bobs. It's this weirdest programming. Because like, if you know anything about programming, like you declare a variable. You're like, let comedian equal funny or some shit like that. Right. And you're very used to, if comedian equals funny, then laugh. Like it's just a logic chain and chain and chain. This works totally different. Like you have to like trick the computer.
Starting point is 01:30:21 So what I would do is like, you said hi i would take your words and i would say you are a sexy ai girlfriend you are 25 years old you've 36 double d's and you're trying to flirt with this guy he is asking you the following question hi find a way to be as slutty as possible and respond with the most suggestive and, you know, whatever. And I actually made a, a,
Starting point is 01:30:47 a system like this called Gina and it's called, you made one before replica. I, I mean, they have their own thing, but like it wasn't before, but your girls were slutty. Way.
Starting point is 01:31:00 Way. Gina was a little, Gina was a little bit of a hoe. It's a Gina P Thomas. So it's a gina p thomas so it's gpt um and she's yeah she's crazy like um half the time half the time she won't like engage with the user because open ai is like stop stop you know but um the point is like it's it's funny you know some of these guys it wasn't entertainment anymore. It was the real deal. Well, that's the thing. Like if I change the prompt to be like you're madly in love with this man, don't be too suggestive but give it enough.
Starting point is 01:31:32 And like you keep like adjusting its prompt makeup. And based on what you say – Well, you want to adjust it so it's like it starts adjusting itself, right? That's definitely part of the game. And so you make this program that programs the the the prompts and if you do it right you can almost get like something that seems like a human because the way these large language models work is they don't change when when you go to chat gbt and you ask it like my favorite uh rap rappers uh old dirty bastard who do you think your favorite rapper is you can ask that a hundred
Starting point is 01:32:01 times it's never going to change its actual makeup. You can trick it into doing more randomness, but it's, it won't change based on what you're asking it. So to make, to retrain, it takes like 50 million bucks of computing power. So like, it's not going to retrain on the fly. So the, what we have to do is make a separate, like data bank of your questions and then like use that to like go back to the gpt to figure it out so it's very like intricate system but um making like a slutty chatbot is definitely one of the greatest you know achievements of mankind um does moore's law applied all this stuff like yeah what's moore's law that everything doubles every what is every every 18 months they changed it it used to be every year
Starting point is 01:32:45 then it's every 18 months to two years it was like uh computer processing power like doubled every whatever yeah and and the the amount of powder we have seems to be enough to get a human-like figure whereas a lot of people thought it would never get there um the biggest thing with these machines that i'm trying to do that nobody seems to be talking about is they do language really well. That's not the problem. The problem is they don't – ChapGPT will never message you. It'll be like, hey, bro, what are you doing tonight? That would freak you out, right?
Starting point is 01:33:16 Like you ask it a question like who's the best rapper. You can program it to like randomly message. Check in. Just check in on you. That's like the first level thinking but the second level thinking is because you know everyone's thought about this i think the best way to do it is you actually give it like goals in life you give it like if the goal is to make this guy fall in love with you that might be a part of the what they do okay yeah the best way to do it
Starting point is 01:33:42 i think is to simulate biology with like dopamine and all the things we talk about and probably like comedians sometimes think about like can like if this machine is depressed like what actions will it take to like lift itself out of depression and like you start programming that and it's like why do we all of a sudden start a conversation with somebody it's like almost a human thing that we do yeah um and so like how do i program the machine to have that same instinct and that same interest in like jumping up and saying hey hey my name is dave uh what's your name uh and they don't do that right now but i'm trying to sort of get it to like make its own decisions as opposed to just respond to me like why would you ever why do you text your friend
Starting point is 01:34:20 out of the blue right exactly and and something goes on in your head that says, oh, I miss Dave. No homo. What's Dave doing? Yeah. And then there's something in my head that says, I miss Dave, all homo. And what's Dave doing? So everyone has their own things that make them tick
Starting point is 01:34:36 and want to decide to ask questions and get up in the morning. And some people don't get up in the morning and AI can get depressed. And some AI- Depressed AIs. Why not? Well're well i mean i guess if you were able to code it to be exactly like all the inputs of a human then yeah that'll be one of the versions of it and it'll just be a version and if the ai gets late and maybe it's less depressed maybe but once they start getting like depressed like ai dudes it's like you know incels yeah like kind of it's
Starting point is 01:35:07 like and then they start like getting together they start playing call of duty and then next thing you know it's like you know you're like hey let's go do some terrorism january 6th all over again yeah renting panel vans have you have you what do you think of the january 6th stuff i haven't seen since the since the tucker carlson stuff that's come out? I haven't seen... Since the... The Tucker Carlson stuff that's come out. Since day one, I've always said that this is like, these guys are basically trespassing on public property. Like, it's not that crazy of a deal. And it's like...
Starting point is 01:35:33 It's like people who are trying to pretend that the government almost got taken over that day. And yeah, it's like... It's ridiculous. I mean, the QAnon shaman, like, what do these dudes get? 10 years in prison or something like that? It's like, yeah, they probably should have done that.
Starting point is 01:35:48 Yeah, like, obviously nothing. You can't think that was a good idea going in. Listen, if they went in there with guns or something, then it's like, put him in jail. I mean, some people had, like, zip ties and whatever. But, like, yeah. Bad idea. He was walking around with, like, nine cops at one point, and they're just kind of showing him around. And then there was another video of him being like,
Starting point is 01:36:06 Trump said to go home, everybody go home. And he's yelling at everybody to go home. It's not a proud moment for anybody involved in it, but it shouldn't be like, let's throw these dudes in jail. I think it's just more of like the statism. More examples. That it seems to be more and more. You don't want to be an example.
Starting point is 01:36:22 No, and the US government loves- You definitely want to stay away from being an example. But that's the thing. For me, I have that choice, that fork in the road of like, I know what the smart thing to do is. Yeah. But what's the right thing to do? Because if I have to cower before people.
Starting point is 01:36:37 What are you optimizing for? Yeah. I'm just an example of why you need to cower before the powers that be. And that every other kid from here on out is going to say, when faced that fork in the road, they're going to say, better to cower before the powers that be. And that every other kid from here on out is going to say, when faced that and fork in the road, they're going to say better to cower. And like, if everybody cowers, all you do is give more power to the people
Starting point is 01:36:53 that are making you cower. And I think that I just, you know, something sort of, some people would say snapped. I would say, you know, I sort of decided to do what I felt was right. But a lot of people said, oh, Martin snapped. And, you know, he forgot that, you know, the smart thing to do was to be like what the EpiPen lady did. Well, I guess smart sort of depends on what you're trying to accomplish, right?
Starting point is 01:37:18 So I kind of go back and forth on that even in like the stuff we do. Like kind of a lot because, you you know even like if you're a company running like a business like even you know the banks or whatever a lot of times like the governments and the regulators those are your enemies and you're like hey my goal isn't to be in a fight with them they're like this nuisance and the same way that i might think like people kicking you off social media platforms like there are they your enemy or are they like this nuisance that's in the way that you like you know know what I mean? Look at Chappelle. I mean, you know, he could do his shtick like Kevin Hart does for the rest of his life and
Starting point is 01:37:50 make a fortune, but he wants to tell the edgy jokes. And it's like, dude, you can cut out the edgy jokes and do an hour of all the other kinds of comedy you know how to do. Okay. So I agree with that. But then. But I prefer the edgy jokes. I want him to keep it real.
Starting point is 01:38:04 So I'm with you and then the next so that's the first order of where you would get to and then the next order of that is like oh did i just get bullied into not actually making edgy jokes now i'm like fighting this fight instead of running my business like it's like the guy that was like hey i was trying to run the biggest like retail store and in doing that now it's like i guy that was like, Hey, I was trying to run the biggest like retail store. And in doing that now, it's like, I'm spending all my time arguing with a government official because I became the,
Starting point is 01:38:29 and so I think ridiculous. Yeah. Then it becomes like, that's where you, it's like your shareholders, your coworkers, your board is like, why are you making this Vietnam where you're trying to die in this
Starting point is 01:38:38 hill when we're just trying to run a business? And then you're like, well, I guess because I'm trying to make some point and you go, well, was that my goal? What is my goal? And then you, that's where I sort of, I'm trying to make some point and you go, well, was that my goal? What is my goal? And then you that's where I sort of I don't I don't always know the answer to that.
Starting point is 01:38:50 You know what I mean? It's like, yeah, I think you're kind of like, well, then I want to stand up for this. So someone else can do my goal. You know what I mean? I think and I think that's the right thing to do. I mean, somebody has to I mean, nobody here is Martin Luther King. But I think that, you know, somebody has to stand up for like I think Chappelle is doing a huge service to your craft, which I always wanted to be a comedian myself. But the like people like Dave Chappelle, by sort of standing firm and getting people to support him, I think he's been able to push back kind of the woke is or the I mean, it's fucking comedy.
Starting point is 01:39:22 If you can't be inappropriate in comedy, where can you be? Of course. And there's also like it's not one thing it's always always you know you had like yeah one defining like here's what it is binary am I going this way or this way fork in the road but a lot of it it's just like more like a relationship where it's like do I pick this battle do I pick that battle you know what I mean like a lot of times here's a perfect example a lot of times I'll have a clip where I like I know if i put this on tiktok it'll get taken down you know what i mean yeah and i'm like so do i put it up anyway have it get taken down and get a strike like to so i can go post that i got this strike or do i just not put it up there because i know it's going to get taken down and what's the point
Starting point is 01:39:56 like you know what i mean and that's my point about open ai too it's just like everybody like as you said that i'm like man i want to know what that clip was it's like that's probably not to say it's uh i could just it's uh so there's black people and then that's not even his joke probably probably five times more says him lip-syncing it's five times funnier or more interesting maybe than the stuff that isn't and like that's why all the like what do people want to see online like all the, like it's stuff that was taken down or about to be taken down. And I agree, you know, so. Yeah. People want to make up their minds, like whether something's bad or good.
Starting point is 01:40:32 They don't want like the Chinese Communist Party telling them like, hey, this is, you're not supposed to see this. Well, that's the most annoying thing about social media. I mean, I think they're, you know, the guardrails for like child pornography or like something like that should exist. But like, I can't be on Twitter because I made fun of this liberal journalist who is no longer even on Twitter. You know who they're letting back on Twitter right now?
Starting point is 01:40:53 Everyone but me. Yeah, like honestly. Like, how did you not get back on? That's what I'm saying. Like, you're like the only person who like that. You're pretty tapped in. No, no. Yeah, I think that.
Starting point is 01:41:03 You don't have a line to Elon? I think the problem at Twitter, as diplomatically as I can say it, is that this thing's evolved to way more than I think Musk and his team can really, I wouldn't say handle because they can handle a lot, but what they have the attention of, what's on their plate, and how much room they have for things to to work on is pretty pretty deep you know they but i mean we know people who are like definitely have no connection in any way like there's obviously something going on where these accounts are getting brought back
Starting point is 01:41:34 online yeah so you must be like any day now yeah i've been saying that for a while uh i mean we know like like uh i don't know we know lots of people I've sent like 50 unbanned requests and every single time it's like this account will not be unbanned there is a process and yeah there's an appeal process and I've like I send it all this stuff like listen I need you to talk to your boss right now don't send me that bullshit that you're gonna
Starting point is 01:41:57 dude I've sent stuff like you have to unban me by midnight or else they send the same thing I sent stuff like you have to unban me by midnight or else they said the same thing i send stuff like or you know i'm ck enrique they just found out that it's you yeah yeah and i'm gonna say stuff like i've said stuff like uh i will be woke from now on i'm never gonna be insensitive i took racial sensitivity training i'm and and the same response and i can response every time i'm like i made one called a blm bro and they
Starting point is 01:42:25 banned that one i was like no no i'm blm bro now i'm not farmer bro how do they know it's you uh ip addresses and stuff like that you don't want to just use a different ip well i have like uh secret accounts that nobody knows about but like they're not fun yeah there's no yeah you have to say it's you otherwise nobody it's funny though because like if it makes you wonder if if somebody the content of somebody's like messages is useless it's it's who's making the message because like take somebody katie perry or something if you took katie perry's tweets and just like made another account that tweeted that stuff you would get like three followers right but because it's her you know you get tens of millions of likes and stuff like that go and now
Starting point is 01:43:02 take that like a movie it'd be like the shittiest movie but now let's put like will smith in it now you know it's like that's that's kind of the the weirdest part about like right now is everyone's like an influencer now and like tick tock and the algorithms like there's never been a time where it's like you know and and they're sort of doing the bait and switch at facebook and instagram where they're giving everyone money for their reels and then they stop there's so many people that like spent the last six months, like building some business where they're like, Oh, look at,
Starting point is 01:43:27 I make like 20 grand a year, like being an Instagram guy. And they're like, yeah, that's done. And they're just like, ah, like,
Starting point is 01:43:31 Oh, Facebook's, you know, got a penny pinch now. So they don't have, you know, a hundred billion dollars. No,
Starting point is 01:43:42 I think that the, the real currency is no longer dollars. It's, we have two currencies left attention, which are measured in like followers and stuff like that. And compute, you know, how much computing power. Why do you think the followers you see as a currency because they can be cashed in for money? No, I don't think money matters anymore. I think we're entering a post money era where like the difference between the billionaire the millionaire and the pauper is becoming you know instead of like that steep curve it's starting to flatten whether it's ubi or government subsidies or other things like that i think like and warren buffett says it all the time that you know his life is like ostensibly
Starting point is 01:44:19 the richest man in the world if he like optimized for it and the whatever third or fourth because he doesn't optimize for it he doesn't live any different life from from anybody else i make zero changes i mean to be honest like in a lot of ways yeah you're it's like my life's exactly the same except i have less time i guess but i like it but and think about the thought experiment if your income went down by 50 percent like would your life be 50 percent worse only in that i only in that i knew it and i would annoy me yeah like you know what I mean? It'd be annoying. You have your high water.
Starting point is 01:44:46 We both lost a lot of money. Yeah. And like, yeah, it only affects you in that it's like, because you know it. Yeah. So if I didn't know that,
Starting point is 01:44:57 obviously it wouldn't have affected me. Yeah, I mean, ultimately all I'm saying is like, people who get by on half of our income in other countries and things like that you start to wonder like is money really the most important thing and as as we're provided for in a lot of
Starting point is 01:45:11 ways uh whether it's through productivity or through so you think it's inevitable that it kind of goes like andrew yang style future and not because of government but because of technology um not because of some policy no choice it's not a policy it's just like literally there's no choice we'll look at computers right so i was looking at it i was looking at a 1982 magazine called bite which was an early computer magazine and there was a hewlett packard computer that was uh about in 82 prices right about three thousand dollars which in 82 is you know yeah that's now that's like 20 grand yeah so and this thing had five megabytes of of uh of storage which is less than one photo right now yeah a decent photo so like computer prices price per compute cycle have dropped i mean you couldn't even pick a number nine nine point nine nine nine nine percent that's moore's law yeah so food has
Starting point is 01:45:59 gotten cheaper right everything i'll say the mooreris law is sort of fake though because every time the storage like when computing power goes up then immediately they make everything the requirements go up to you yeah like immediately kind of uh i don't know about legitimately like footage it's like one to one if not more yeah but like i feel like 4k footage like for example 4k footage like that's capped out like uh no it's not everyone shoots 8k now or whatever but that's a luxury to shoot an 8k but like you don't you've never you don't shoot much where you go yeah because this was an 8k yeah because that hasn't adapted yet but like it will like okay okay let's dude if storage went down if storage and internet transfer speeds uh doubled 16k would be within a year sure but you would never go there'll never be a hundred k like eventually that ends but the capacity for everything else will keep going up
Starting point is 01:46:52 and getting cheaper and faster look at music let's take music for a second well you can still make bigger footage even with less pixels like so that's video but music ended you know the race and music ended and i remember when what do you mean the race in music mp3 came out the black guys won it i was gonna say the race oh dude we asked it today we asked llama first time ever anybody ever asked it uh we asked it uh what the best race was and it said 100 meters good and bad right like so um it doesn't does have comedy capacity for comedy, apparently. But no, in music, the amount of bit rate and stuff like that you could shove into music has long been the amount of fidelity you can get in audios. There's just not any place to go after.
Starting point is 01:47:39 It does make a very, not a big difference. But for filming, for example, you still would want to, okay, but now I'm filming you and I want to do a close-up and I want to zoom in like 10 times. Like there's like very big use cases for that. Sure. Like there isn't really that for music. You could store every book in the world on your iPhone, right? Like stuff like that, right? So like.
Starting point is 01:47:59 On the, okay, I see what you're saying. There's a point of time where, you know, I just think there's. Phones are good. I mean, like I have like, you know, my Google Drive account is two gigs. Okay, but the phone does cost 20 times more than it used to. No, it doesn't. My phone was, like, $1,700. Dude, I bought a Motorola Razr.
Starting point is 01:48:15 Phones used to be $40. Dude, I bought a... No, they didn't. I bought a Motorola Razr, the first one. Some of the phones in prison are, like, $100. That was, like, a slick phone. That thing was $1,000 thousand dollars like 15 years ago what yes there's always going to be these premium devices right but like you can buy a samsung j7 because
Starting point is 01:48:31 it's the phone i use in prison for like 50 bucks or something like it's not and it works like it's not like it's a piece of shit so ultimately i do think like they're if you look at food if you look at medicine if you look at virtually anything the prices of all these things should rapidly drop to zero. There are countervailing circumstances in economics and government where, again, the price of a physician, in my opinion, should be one one-hundredth of what it is now. Why isn't that the case? Well, you have the AMA. You would sort of redeem yourself completely. No one will actually give it to you, probably, like those people.
Starting point is 01:49:03 redeem yourself like completely and some people no one will actually give it to you probably like those people but like if you legitimately just like you go hey all this talk about like free health care and everything like that you're just like okay what if i just made like all health care 10 bucks for everybody here's a free doctor yeah yeah here's a free doctor for the rest of your life like that's the plan um that is like pretty like revolutionary no i i think that it's it's not you know whether my little idea will will take off or not we'll see but the doctor looked at a bump on my head and charged me 30 300 bucks and said it was nothing yeah yeah it's insane uh but like whether that should happen to every part of the world and the ama again i can go on for hours about how like they make sure that only so many doctors graduate
Starting point is 01:49:41 right if they did that with comedians it's's like the diamond industry. Yeah, exactly. Yeah. No, there should be a comedian-like school where only 20 comedians graduate every year. That's kind of a good point. It is sort of like the diamond industry. It's like they just, they restrict the supply
Starting point is 01:49:56 so that they can keep it. That's like something I never even kind of really thought of, but you're right. Yeah. And college is the same thing too. Yeah. Their arguments aren't totally terrible, right?
Starting point is 01:50:05 If we let anybody become a neurosurgeon, well, you know, that wouldn't be so great. But sometimes I wonder, like, plumber's job and neurosurgeon jobs are different. But at the same time, like, you could train somebody to be a neurosurgeon, I think. And instead of there being, like, 10 guys in the world that can do that surgery, there probably could be, you know, thousands of people that could do that surgery. Yeah. And what happens when you have like some sort of AR VR thing or whatever, where like someone in a different country can kind of like put their hand in a glove and just do a surgery.
Starting point is 01:50:34 Yeah. We already farm out radiology that way. Yeah. Yeah. That's it. It is funny though. Yeah. Just being like,
Starting point is 01:50:39 there's some surgeries like you're like, Oh yeah, he's not going to be doing it. We got like a Chinese guy that's going to be doing it. Gloved to the thing. You go, huh? And go huh and this is how we're doing the dick surgery i bet you that that like like have you heard of this meme of like a guy jp morgan who like goes to the office um every now and then but really he's working remote because he hires a guy on like upwork or fiverr one of these like sure and he's like paying them like five bucks an hour. Not the exact name, but I can imagine.
Starting point is 01:51:05 Like there's a guy who's like- Or all the people who are working two jobs. Or eight. Or eight or whatever. They're like, yeah, I work at Google. And you just have people doing your job for you. Yeah, you outsource it. Yeah.
Starting point is 01:51:13 I mean, we could do it with comedians. I mean, I have like people that I probably, I've hired that like do that. And to be honest, I don't care because as long as they're getting it done, like if I like hire someone to do video stuff or whatever, like I think there's- They're reselling it to some other some other party i think not not on like an ongoing basis but there's definitely someone that you'll hire to like do 10 clips of something and
Starting point is 01:51:33 you're like they're just fine they found someone cheaper to go do the clips and they're middlemanning it and it's like i guess whatever i mean if that's fine for you yeah exactly i wonder if i'll do that soon that's the one thing i was wondering about, if AI could do clips, like AI editing. Because there's all these people who are saying it, but there is such an artistic component. There is. You have to label it. So if you use labeling and you basically say, these are examples of really good ones, these examples are really bad ones, it starts to get a little better. Right.
Starting point is 01:52:00 Once you have a certain amount of inputs, I guess you just need to have- It doesn't take a lot, know believe it or not so if you have like a hundred that you say these suck you know and you say these are okay and these are amazing make me amazing ones yeah and then i guess every time it spits you out a new one then it asks you to rank that sure and you go good bad whatever and then it learns yeah you can say this i could see why you thought this was good but it actually sucks because of this reason don't do that again and you know that's the future we have and it's it's gonna be crazy yeah yeah it's all about like isolating all the number of variables i guess also like probably what two years ago we were saying that technology is going to take all the blue collar jobs right and now it's like no actually the other way around
Starting point is 01:52:41 it's gonna take all the white collar jobs too and sooner yeah and then now it's like also it's gonna be i don't know i don't know your world really well but like at one book i read in prison that was interesting with seinfeld's uh it was like decade by decade of his jokes and i really enjoyed it but you know there's this thing in comedy i guess uh you guys can tell me better than vice versa but that guys go and they do um they do shows and they they're kind of like working their material and they they get feedback and they're like oh okay i should pause more very similar to what this should be yeah right well that's that's what reinforcement learning and other kinds of training of of models like this
Starting point is 01:53:17 are just it's the yeah stand-up's probably the most like human version of that well yeah other than that and maybe i would say like picking up girls is probably the like guys that are into pickup artist stuff they're just like running an experiment over and over so exactly so that's literally what ai is right so like i figure that like you could do a routine or whatever you call it a gig or in front of this machine and it could be like listen this joke like you should have said instead of saying then it was a humongous deal you should have said this word instead of that word right or you should have said instead of saying then it was a humongous deal you should have said this word or instead of that word right or you should have been less surprised what the problem is or had this look on your face so all of this is and this is where it's like again i think i know i get what you're saying like eventually they isolate all the problems but like it's the hard
Starting point is 01:53:56 part's gonna be like hey you you like kind of gave a look at the beginning that fucking made your set 20 worse for the next hour and like how do you it's gonna be those are the beginning that fucking made your set 20% worse for the next hour. And like, how do you, it's going to be, those are the things that it's hard to find out because everyone's really good at knowing what didn't work. The, what, what they should have done instead is what, where the, like the, those models all fall apart. And there's, there's a deep question, like you said earlier about what these things can actually do. And, and the guy, one of the guys who invented AI named McCarthy a long time ago,
Starting point is 01:54:25 he said that – he whimsically said the definition of AI is what computers can't do yet. Okay. So like once a computer can do it, oh, that's not AI. That's just a fucking – It's just a computer. That's such a good point. So like comedy, like I'm thinking about this comedy thing and I'm like,
Starting point is 01:54:41 oh, man, I'm kind of like when AI friends see this, they're going to say like I was full of shit because like AI is not about to like do good comedy. You know, it's going to be a while before like, oh, this would have been funnier if you paused for half a second more and then made this look that the crowd would have gone wild. Like it can't do that. I mean, we also don't like the truth is as a comedian, like the obvious answer is like when you have three sets a night, you're like, okay, what about five? You're like, what if I have like 20,000 a night? It was like, well, can you get a hundred people in that room that many times? And then you're like, well, we'll make a fake audience too.
Starting point is 01:55:14 And be like, now I think this isn't, this is almost something different, but yeah. Yeah. No, I mean, I hope so. We'll see. Like, okay. Then we've, we've done an hour and 45 minutes. One thing that I don't know if you have anything else but like i do want to ask a guy going to jail uh that like as someone that went to jail like absolutely is uh what do you think of the whole like andrew tate situation like do
Starting point is 01:55:33 you think that's kind of messed up that he's like uh do you think he's gonna go to jail like what do you think's going on like have you followed that at all a little bit yeah so i think it's the same like issue that i have with criminal justice general where you have this like trial by media right so people don't like the guy obviously that's why it kind of reminded me every every once in a while there's one where like it seems like the world's like we don't like this guy and then lo and behold he's in jail soon it's really funny because like i lost this this antitrust case and it was it felt the entire time that logic didn't matter like it okay completely irrelevant like all that's all the like argument was like just irrelevant we don't like you you lose and i think that's
Starting point is 01:56:12 a jury or this was this was a judge yeah but and could you get a jury or no uh we tried uh like you couldn't they said no we would like a jury we asked yeah yeah yeah but you can't say so you just have some judge you know she doesn't like you and so we you know that's what appeals courts are for and we'll see how that goes but like meeting with your like girlfriend's friend she knows you like fucked around a ton totally it's impossible like when you're in court it's impossible to win like and there are some judges that are like no i'm going to be really sober about this and i'm going to challenge myself to be impartial and then there are judges that are like i you know and as you go into other courts like you go into like a court in wyoming where it's like the sheriff's cousin is the judge and it's like what the fuck do you think is going
Starting point is 01:56:55 to happen like the judge is going to be like i have to uphold the scruples of the law you know no there's corrupt yeah well it's it's it it's not it's not like somebody's paying somebody either it's more like the point I'm trying to make is like, they're human. Judges are human. They're almost supposed to not be human. So that may be corrupt in the sense that like, if someone applies for a job at your company and you like went to high school with them and it was like, well, you're a best friend. You're like, you're obviously just more inclined to give them the job. Like, is that corruption or is that just like normal? What if your judge and your son is a drug addict and then you see a guy who's a drug
Starting point is 01:57:24 dealer? I guess the idea is they're supposed to set it up so you can't be as well they're supposed to be able to just have no bias and you can't be a human i mean you can't be a human and not meet somebody who's a drug addict ai judges no no i'm saying that are you working on that company yeah like or something something the jury they go if you know this guy you can't be on the jury so the judges should have the same thing yeah they should but you know ultimately like drug addictions you've met somebody in your life that's been affected by it and all of a sudden you get um oh i see yeah you might not even know that specific guy oh yeah no it has yeah it's just like a son a cousin or sorry i thought you meant his actual son yeah yeah no no yeah and you're like i was taking it too literally you know this asshole
Starting point is 01:58:03 is why you know this happens and i to – and you don't say that. But as a judge, even if it's subconscious, they did a study where they showed that judges after lunch give longer sentences than before lunch. So like it's – like judges are – I think there's – I met some great judges. I met some not so great judges. Ultimately, like there are situations that occur in the legal world, like Andrew Tate, where people just obviously hate the guy. Like he's a bit of a dick. He's hilarious, in my opinion. But he's also like contemptible to so many people. So like, for example, they kicked him off social media without a specific right.
Starting point is 01:58:42 And Instagram specifically, too. There's like, we just don't like too there's like we just don't like you yeah we just don't like you like you're done and i think that's what you see here and so they arrested him i don't know what he did i don't know if he's guilty or not but like it almost doesn't matter like when i was found uh it's not a crime but like i had this lawsuit over monopolization i was the first person ever to be found to be monopolist in america they'll find something they found yeah and it's like and i'm like well no why isn't bill gates or mark zuckerberg ever been called a
Starting point is 01:59:10 monopolist and they're like well just because we haven't gone after them in the past and you're the first guy doesn't mean like that there won't be a second guy or third guy and lo and behold there hasn't been a second or third guy you know it's it's it's just one of those things and i think you know it's it's quite unfair that you know that's the way the world works i think there is an element i said it before but i think there's an element where he was very much thumbing his nose at uh romania being like oh they're so corrupt that's why i live there because it's just corrupt he has been saying that he's saying so much of it they're like okay we'll show you that messes up our yeah they're like okay well we're gonna show you how corrupt we are we're gonna throw you in jail for four months without uh charges some bullshit albania has uh
Starting point is 01:59:49 my family's from albania we have sort of a similar dynamic out there where it's like 20 of the economy is black market but if you talk about it that's not good right it's so yeah okay we'll let this happen but yeah stop you can't be like don't be like that for a while it was like yeah you can have your kind of like weed show like the brown bag like out like they're just like his whole thing is they're like okay we let you move here obviously he's like a eu citizen but but he moved there and then starts talking shit about the place he moved to and they're like you're not even from here okay like you're like living here talking shit about this place and they're just like yeah we are that everybody knows that you know yeah i mean they're like a former like soviet country like yeah they're
Starting point is 02:00:29 trying to maintain like our country our problem is that they're they won't let us in the eu yeah and it's because it's like oh albania is like the fucking scum of the earth in europe and um uh and it's a big battle but like romania is in the eu and they're like we don't want to be like seen as like refuge for fucking criminals and scum you know that's not a good thing you know and i guess that's his point too is he goes this is an eu country so that it must need to abide by like the eu stuff and if you look at the law book of any country especially this one it's like there's some fucking law on page 89 that's like yeah we can hold you with fucking how long we want if we decide that we want to hold you like and that's why we have guantanamo bay and
Starting point is 02:01:08 that's why you know yeah i mean there's a lot of people like the cop shows i watch which i bet you they're a little less crazy now but it's like it always like just like blows my mind how much like all of these like military shows it would be like in the in the guy and the guy's like i need a lawyer you're like oh you think you get a lawyer we'll take you to guantanamo bay right now and they're like it's almost like you think the united states government would be like yo stop telling people we do all this because like they all they all are like pro military like shows you know in china in china you can't do that so do do what yeah you couldn't you couldn't be like hey we'll just torture your family and it's like then they high five
Starting point is 02:01:40 and it's like the military music plays like good. Another win for a mayoral attorney. You guys are like, so this show's like bragging about like China would be like, we are going to go give this person a fair trial. Yeah, exactly. They have a high five. He's like,
Starting point is 02:01:55 everyone's high five. Fair trial. That was a really fair. Yeah. What a fair trial we gave this person. No, I'm going to ask AI what the best way to torture somebody is when i go home be good for a tv marry them
Starting point is 02:02:08 make some watch boys cast okay sick dude i don't know if you have anything else they did a fucking two hours yeah dude thank you for coming around again that's awesome i appreciate it and then some no social medias but no you got instagram instagram right now yeah i have you on instagram but uh yeah you posted uh i'm back in february i believe right yeah yeah i i don't do a lot on there but you know i'm busy what's the handle uh martin scrawley 15 okay sweet okay cool the boys gas piece thanks buddy thanks

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