Tin Foil Hat With Sam Tripoli - Tin Foil Hat #57: Cryptocurrency with Dale Song plus Bonus Commentary

Episode Date: December 25, 2017

Thank you for tuning into another crazy ass episode of Tin Foil Hat With Sam Tripoli. This episode Ryan and Sam welcome Dale Song to discuss what is Bitcoin. This episode we discuss...... 1) Cryptogra...phy 2) Satoshi Nakamoto 3) How To Get Bitcoin 3)The Dark Web 4)One World Currency 5) Bonus Commentary: Artificial Intelligence Huge thank you to Richard Ducat for helping out on the audio. Check him out on instagram at @richducat! Merry Christmas and Happy Holidays everyone!!!

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Starting point is 00:00:00 Hey guys, thanks to tune in, thanks for supporting the show. If you want to check us out on all of our social media platforms, check us out on Twitter at Tinfoil HatCast. On Instagram at Tinfoil Hat Pod. You can find us on Reddit. It's Reddit.com, backslash, Tinfoil Hat Show. For all comedy t-t-shirts. If you have any suggestions for future guests or topics, go ahead and email us at Tinfoil Hat
Starting point is 00:00:25 Pod at Gmail.com. Come with me, into the waters of conspiracy with Sam Tripoli. Sam Tripli. Sam Tripli. Sam Tripli. Mr. Sam Tripli. With my friend Ryan Davis. Hi, Ryan. We're the first gay couple of conspiracy theories.
Starting point is 00:01:00 I think it's a beautiful marriage. What is that up there, Parker? It's some mystical deep, dark realm, crazy shit. Wake up, Alan, the the'o' be drawn to me. Hey man, where's the truth there, dog? What the fuck are you guys even talking about? Are you ready to get your mind-blown. Yeah. Revolution will be podcasted. Yeah. Yeah.
Starting point is 00:01:34 Yeah. Yeah. Thank you, Aaron, and what up everybody? Welcome to another Timfoyle hat. You know who we are, you know what we're here to do. Very excited. This is, this is our last show, but we're going to put out a special show. I think I'm going to release the Black Cube episode of Patrion. Right before the end, because it was such a funny-ash episode. I like people to hear what we're doing on Patreon but this is the last one in
Starting point is 00:02:07 studio. The year is gone and it couldn't have gone better. We've had such an amazing, amazing year Timfoyle Hat and it's all because you guys you guys have been such incredible supporters of the show and your energy grows the show right? Much love no hate and sometimes there is some hate and that's thi I I I the the the the th th th th th th thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi this thi thi this thi this this this this this this this this this this this this is this this is this is this is this is their their their their their their their their their their their their their their their their their their their their their their their their their their their their thi thi thi thi thi thi thi thi thi thi thi thiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii their their their their their their their the show and your energy grows the show, right? Much love, no hate. No hate, and sometimes there is some hate and that's fine. I've got to come to grips with it and that's just life. But thank you guys so much for tune in.
Starting point is 00:02:33 I only got one date to push right now. I am going to be in Tampa for New Year's, that's right. Yeah, yeah, Tampa the tha.. I improv. I Tampa Bay. I'll be at the Tampa Improv the the 30, December 31st and then I'll be there the third and fourth. So come hang out and get weird, Home Boy. Do you know in Tampa there's a guy walks around and licks shoes, the bottom of your shoes. He's a serial liquor. And his name is San Tripoli? No, that is that's one fetish I do not have. But I do have a lot a lot a lot a lot a lot a lot a lot a lot. And guys. And guys. And guys, thiiii. And guys, thi. And guys, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, th. th. Dea, th. Dea, th. Dea, th. Dea, th. Dea, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi. Dea, th. Dea. Dea. Dea. Dea. Dea, December, December, December, thi. Dea, December, thi, December, thi, thi,oli? No, that is that's one fetish I do not have. All right. But I do have a lot. And guys, thank you guys so much for everything you guys have been doing for the show. So we've been asked to do a show on this topic for a while. That's true. And we kind of talked about it before with David Seaman, but that was more about pedo game. so we. So, we that was that was that was that was that was that was that was that was th. th. th. thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi. thi, thi, thi, thi, thi, thi. thi. thi. thi. thi. thi, thi. thi, thi, thi, thi. thi, thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. theeeeeean. thean. thean. thean. thean. thean. thean. thean. thean. thean. Thank, thean. Thank, we said let's do this man. And so today we're
Starting point is 00:03:26 going to introduce our guests. We're going to get into a little bit coin and some cryptocurrency. Why don't you tell us about our guest? All right, despite being the news on an almost hourly basis, there are still many people struggling to get their heads around the cryptocurrency phenomenon. Here to help us unpack this multi-layered cake of weirdness. Please help us welcome, Dale Song, what's up, buddy? What's up, guys? What's up, guys? How's the first Asian I've ever met named Dale? Yeah, me too. I was born in Wisconsin too, so go through it. Oh shit, snaps. Yeah, I don't know, it just kind of happened that way. On a farm with like cows and living on an apple orchard.
Starting point is 00:04:05 It was good stuff. Your family were farmers? Kind of. My dad was a doctor, but we just happened to live on an apple orchard. Oh, it's crazy. That's great. And that makes sense. Yeah, right? I mean, they need doctors in Wisconsin, right?
Starting point is 00:04:20 Well, actually, I'm from Illinois. I then th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, thi, thi, thi, thi, thi, tho, tho, tho, th, th, th, th, th, thi, thi, th. It's, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, thi, thi, thi, thi, thi, thi, that's that's that's that's that's that's that's thi, that's that's thii. thii. It's thi, thi, was just born there and then we moved over to Lake Zurich. If you guys ever heard of that? No. Is that the Ozarks? That's not the Ozarks, right? It's kind of close, but it's Lake Zurich, Illinois. About 5,000 people when I was there. Oh my god. I was literally the only Asian person there too. You were the closest thing the black they had, huh? Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thi thi. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thi. thi. thi. thi. I thi. I thi. I thi. thi. thi. thi. thi. thi. you thi. thi. thi. th there too. You were the closest thing the black they had, huh? Yeah, how was that? That's kind of fucked up. That's great. That's great. What brought you to LA? I came out here because, well the fucking weather, I mean, come on. There you go. Like I came out here for the first time and yeah, I don't want to deal with that. Now I'm Armenian dude. I'm Armenian, I'm Armenian, I'm Armenian, I'm Armenian, I'm Armenian, I'm Armenian,than I do. I'm from upstate New York. We have a large Armenian population, but, and I'm, I'm older than you, but we were from a time where you were. You know, so we weren't trying to be super armo. Yeah.
Starting point is 00:05:16 We were trying to be white people. And I literally thought I was white until I moved LA. And then Paul Mooney called me the M-I, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, the to, to, the to, the the th, the to, the the th. And, tho, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I'm, I'm, I'm, I'm, th... I'm, I'm, I'm, th....... I'm, th. th. I'm, I'm, I'm, I'm, I'm, I'm, I'm, I'm the M word and told me I I'm not white Your Armenian and he dropped a hard and are on me man Which is from Paul Mooney is that like a real badge of honor? But but I always get hit up all the time about being you know like, hey you are Armenian? Yeah, and they said I'm like, I'm like, dude. I don't speak? I don't speak. I'm like, I don't do. thr. the. the. the? the. the. the? the the the the the the the the the the the they. I don't? I don't? I don't? I don't? I don't they. I don't they. I don't they. I don't they. I don't they. I don't they. I don't they they they're they're they're they're they're they're they're they're they're they're they're they're they're they're they're they're they're they they. I don't they. I don't they. I don't they. I don't they. I don't they. Don't they. Don't they. Don't? I don't? I don't? I don't? I don't? I don't they. I don't they. I don't they're they're they. I don't they. I don't they. I don't they. I don't theythat that's that's I I love holding on the culture but I also think that we all need to come together you know you're only two Armo characteristics is hair and anger no no no this why I can't be an actor okay because I have two emotions horny and angry hangary yeah that's it. So if you need me to play a taxi driver, I'm good to go. Now did you, now you grew up in Illinois?
Starting point is 00:06:11 Yeah, yeah. The only Asian. Literally, the only one. And so you come out here and there's a lot of Asian. What the fuck? There's actually people that look like me. Yeah. the the they. Yeah. Yeah. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. th. they. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. the. the. the. to. to. to. to. to. to. to. to. to. to. to. to. to. to. to. to. to. nice little, you know, but when they hit you up, was it weird because maybe you didn't have the culture of that? I mean, your mother and your parents obviously were, you know, they had culture, but like you didn't have the community around you, right? Was that weird to come into that? Oh, definitely, definitely weird, but also at the same time it was pretty cool because, yeah, it's nice to see. th. to see. to see. to see, th. to see, the to see, their, th. to see, th. their, their, to th. th. th. th. th. th. th. th. th. thi. thi, thi, thi, thi, their, thi, thi, thi, thi, thi, thi, thi, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, was, th. th. th. th. th. th. th. th. the th. the the the the the the th. the thi. the thi. the thi. the the the their, their, their, their, their, their, their, their, their, their time it was pretty cool, because, yeah, it's nice to see that people like me are living in America.
Starting point is 00:06:50 Yeah, yeah, I love it. It's dope. I like it. People always ask me what's my favorite thing about America? Like, I'll go around the world, you know, spitting some high-quality, the tick jokes to the people. That's why they do call me the Carl Sagan of dick jokes, okay? So, and they always ask me, hey Sam, what do you love, miss about America when I'm gone? And then you know what I miss? The diversity. Oh yeah. I love that we live in a super melting pot.
Starting point is 00:07:30 And I get why racist are so angry. Just imagine how your entertainment choices when you're a racist are like what country music Fox News NASCAR you can't like a lot that's a very boring fucking world. That's very specific races though. Yeah that's redneck. Yeah there's many races. Well that's true that's true that's true that's true. I mean it could definitely be improved upon still yeah, it's better than like- It's like, it's very, you haven't really been seen. What we're trying to do is get away from the herd mentality. I agree. We run, we're literally trying to create a group where you don't know your group by look. Do you know what I'm saying?
Starting point is 00:08:02 Like, you know, we're cave men. We run in our, click and our herd and we know our herd by basically we all look alike. And now what we're doing is like that that doesn't count anymore, which I'm cool with. Now, now you like, our herd is geography. Yeah. Geopolitical now, you know. Is it true what Chappell says about Asians that the only Asians that Haydon are other Asians? Because you I can tell that you're you're from a Bobby's clan right Korean? Yeah, there you go so you got the K-pop style did you do like K-town you ever get down there? I mean I definitely enjoy the food. Yeah, you know, I don't actually have that many Korean friends, but right? I'm not like, I'm not like, I'm th. I'm not like, I'm not like, I'm not like, I'm not like, I'm not like, I'm not like, I'm not like, I'm not like, I'm not like, I'm not like, I'm not like, I definitely the the the the the the the the the the the the the the th. I definitely they. their th. I definitely th. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I'm that. I definitely. that. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I'm that. I'm that. I definitely. I definitely. I definitely. I definitely. I definitely. I'm definitely. I definitely. I'm definitely. I definitely. I definitely. I definitely. I definitely. I definitely enjoy. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely. I definitely.'m not like I'm not like you know ethnesis to my own people you're just a dude you know I don't I don't like judge it doesn't matter I don't judge people just you're like a Verizon Wireless
Starting point is 00:08:54 commercial where you have one of everybody in your crew there you go yeah I don't I don't discriminate you know that's I just I love people and you know I give everybody a chance because it's yeah everybody just, I love people and, you know, I give everybody a chance because it's, yeah, everybody deserves it. Everyone's got the same, you know, heart, emotions, feelings, dreams, desires. So, it's kind of synchronicity, how we even got in contact with one another. We both know Detective 47. And he was like, man, if you're going to talk about cryptocurrency's, I got the guy for you. So give us th, th, th, th, that that that that that that that that that that that that that that that's that's that's that's that's like that's like that's like that's like that's like that's like, that's like, that's like, that's like, that's like, th. thi. that's like, that's like, that's like, th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. the their, you their, you their, you their, you their, you. the the the the the the the the the th. th. th. th. th. th. th. th. th. thi. thi. thee. to. to. to. to. to. to. to. to. to. to. to. to. to. to. to. the, for those at home, and for us here in the studio, how did you get involved in cryptocurrency to begin with?
Starting point is 00:09:29 So it's a pretty cool story. You know, I've always heard about it back when it first was introduced back in 2009. Which is now considered back in the day. Is that crazy? 2009 is back in the day. It's a minute. That's a little bit of a minute to th th th th th th th th th th th. th. th. th. thi thi thi thi thi thi thi thi thi thi thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. How thi. How thi. How thi. How thi. How thi. How th. How th. How th. How th. How th. How th. How th. How th. How th. How th. How th. How th. th. th. thi. thi. thi. thi. thi. thi. thi. thi. thi. to thi. to to toeeeeeeee. to toeeee. to to to to to to thi. thi. thi. thi. How thi. thi. the day. Is that crazy? 2009 is back in the day. There is back in the day. It's a minute. That's a little bit of a minute ago. Almost a decade. Yeah, it's crazy right. Yeah, back in 2009, Bitcoin was created. So Bitcoin was obviously, you know, for those of you that don't know, it's essentially a peer-to-peer cryptocurrency. Cryptocurrency is, it's essentially just digital money, but there's also more utility for cryptocurrency.
Starting point is 00:10:13 There's, you can do, you know, pay royalties for artists. You can have smart contracts for escrows, titling, equity services. It's, it's literally endless and it's incredibly more efficient for large corporations, banks are getting into it, you know, there's just so many use cases for it. Right. For me though, in particular, how I got introduced to it was, you know, I was playing online poker at the time back around. Is that illegal? Is that illegal now? I don't fucking know. I don't really, I don't really play anymore. But I don't know. I don't know. How long would
Starting point is 00:10:51 you play? Like would you sit down just go for it? I would fucking just, I would go at it. So you play online poker against other people? Yeah, yeah, yeah. Oh man. Crazy world, right? What's the most you ever won? If you want to disclose that? I mean it was it was definitely a good amount. It was a good amount. So I mean this is here I am I'm ready to cash out and at the time I've been cashing out for, you know like using just wire transfers. So wire transfers take anywhere from three to five days The other alternative would be just a check which gets mailed to you It takes three to five weeks. So I was like what? No I want my fucking money. Yeah, so the wire transfer obviously was the best alternative at the time, but by the time it gets to your bank, You know, you're paying a large fee. Because it's basically these,
Starting point is 00:11:51 the online poker company that I was actually a part of, they weren't here in the states. They were, I don't know where the fuck they were. They were like somewhere in the island somewhere. So, they would transfer the money to an offshore bank, which would transfer to another offshore bank. And then by the time time time the the the the the th th th thi thi thi thi thi thi thi thi thi, thi, thi, thi, thi, thi, thi, thi, thi, tho, tho, tho, tho, that, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, tho, you, you, you's, you's, you're, the, you're, you're the, you're the, the, theeean, thean, tooooooooooooooooooooooooooooooooooo... the to another offshore bank and then by the time it hits to my account it's like hit five different banks and you know you're charged like I don't know or something ridiculous like five like over five percent maybe you know I was like for let's just say for like every thousand it would be like almost like 50 bucks something something
Starting point is 00:12:23 something ridiculous like yeah yeah yeah so um finally one day, I, this other option pops up. It says Bitcoin. So I was like, all right, well, I'm kind of interested in that. I've heard of it on the, on the website. Yeah, so on the, on the pay, payout options, there's, now there's the wire transfer, the, the check, the check, and the the the the the, the, the, the, the, the, the, the, the, the, the, th, th., th. And, th. th. the, th. the, th. the, the, th is, th is, th is, the, th. thi, that, thi, th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th, th, th, th, th, th, th, th, th, th, th, th, th, th, th. o, th. th. th. th. th. th. th. th. the, the, the, the, the, the, the, to, the, to, the, to, to, the to, the the the the the the other other other other, the o' the o' the, the, the check, and then there's also this Bitcoin option. So I was like, well, I've heard of it. I know that it's like this online payment thing. I'm not very familiar with it, but let me test out a little bit of money here. So, you know, I tested out, I tested out like 500 bucks. And I was like, all right, you know, if I lose this, then, all right. It's 500. It's 500, but I'll test it out.
Starting point is 00:13:06 Because it says that you can receive it in 15 minutes. So I was like, oh, that's, you know, like compared to three to five business days. Plus the fee, it was free. So I was like, all right, well, let me give it a shot. I go set it all up, you have to get a Bitcoin wallet. So I was like, what the fuck is a Bitcoin wallet? I mean, so you start researching all this information, find the Bitcoin wallet, finally get the address. So you get these addresses that are attached to your wallet. And then once you look at me, like, what the fuck? Oh, man, this is like some fucking fight club shit. So you get you get this like crazy wallet address which
Starting point is 00:13:46 is unique to your wallet and you know you you have all your information to go into the wallet you have there's ways to authenticate it'll like send you an email it'll send you a text you know to verify that this in fact is you that is receiving this money or trying to send the money so So I get, I get, go through the motions, I finally get the wallet address, submit it over there to the online site. And in literally five minutes I get my money. So I was like, whoa, this is fucking dope. I get this in five minutes and, I mean, obviously, who wants to wait three to five days? Now you get Bitcoin, or did th th th th th th th th thi th th th th th th th th th th th th th th th th thi, I th thi, I get like, I get like, I get like, I get like, I get tho, I get tho, I get tho, I get that that tho, I get tho, I get tho, I get tho, I get tho, I get tho, I get that, I get that, I get that the the the their their their their their tho, I get tho, I th. I th. I th. I th. I th. I th. I th. I th. I that that that that that that that, I that, I get that, I'm that, I get thateeat, I'm that, I get thateateat, I get thate thate thate thate thate thate th wait now you get you get Bitcoin right you
Starting point is 00:14:25 got Bitcoin or did you get like something you could actually yeah no no you do you do you do get the Bitcoin so you know now I have I have paid in Bitcoin okay so now you have this bicoin and now you've got this world to find out where you could spend now I have now I have Bitcoin so like this is back in 2014 so this is back in 2014 so for those of you that know don't know that was before net neutrality. Yeah that mother fuck. Back in 2014 I was withdrawing $500 which was my little test to see if this in fact works and that $500 that I cashed out was about 2.2 bit coins.
Starting point is 00:15:08 Interesting. Back in 2014. I don't know if you guys know the peak of Bitcoin about in the past two weeks or so. It's hit right around 20K. Depending on where you are though, it hit like 26 K in Ghana Ghana it hit 25 K in South Korea because you say 20k that's 20,000 but 20,000 US dollars for one Bitcoin I go buy boner pills and they'll throw like 33 K on that and I don't even know what that number means when I buy a boner pill like what's a number mean that's the number you tell
Starting point is 00:15:42 the emergency room surgeon okay they like hey dude're like, hey, dude, how jacked on boner pills are. I'm a 33K. Yep, black rhino. You think they'd ever have a, you think they'd ever have an intervention show and a guy who can't stop popping boner pills? Starry me? Yeah. I'm doing. So let's get into, let's start from where it starts. Can you give us a little history on what,
Starting point is 00:16:06 and some people might know, so this is for people to have no clue what's going on. And real quick, I wanna go, we got an hour, we're gonna go through this whole thing. I wanna get to the end. So at the end, if you make a decision, you're like, I wanna try this, you to to to to to to to try, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, th, to, th, th, th, th, th, th, no, no, no, no, no, and, and, and, th.... th. th. th. th. tho, tho, thi, thr, thr, thr, thr, tho, thr, and, to, to, to, to, to, and, and, and, do it. You can't invest everything and they go, hey Tripoli, it didn't work out. This is your own thing. I'm trying to give you guys the information that you guys can do a little more your own research
Starting point is 00:16:33 and then see if you want to get into us. I'm actually going to be starting, I have already started with a good friend of mine. thri. We're thri. I thri. I thri. I thri. I thri. I thri. I that thri. I that thri. I thri. I thri. thri. thri. I thirty thirty thirty, I thirty, I thirty, I'm thirty, I'm th thirty, I'm thi. thirty, I'm thirty, I'm to to to to to thirty, I'm, I'm, I'm, I'm th. thirty, I'm to to to to to to to to to to to to th. th. th. I th. I th. I th. I th. I th. I th. I thi. I th. I thi. I thi. I thi. I thi. I thi. thi. thi. try. try. try. try. try. try try. try try try try try try try try try try try. cryptocurrency academy. So literally from A to Z for anybody that doesn't know what the fuck it is, how to use it, how to open up a wallet, exchange money, trade, withdraw money. Literally everything from A to Z we're covering in this online school. All right, so let's get into this route. No, that's gonna be great. When do you think that's going to be out? I think it'll be ready by about the next two months. Nice.
Starting point is 00:17:12 Maybe a little earlier than that. Well, Dale, tell me if I'm incorrect from what I was researching about it. So, a cryptocurrency of secret coding originating from the Second World War to process transactions securely and verify them. A host of different currencies exist under cryptocurrency banner, the well-most known is Bitcoin created in 2009 as a form of digital money and world payment system. Now before this there had been attempts at this, right? They attempted to do a digital currency. Most likely the first time was on Super Mario Riel, right? Is that the coins he's going to grab?
Starting point is 00:17:55 Yeah, exactly. That's where it was inspired from. So mining Bitcoin involves a complex computer solving. Paul, let's get, because there's some stuff in there. This is like just breaking down here. So because a computer is solving a difficult mathematical problem with the 64-dit solution. For each problem solved, one block of Bitcoin is processed. So this is the term mining. Okay. So the computer does a full-on mathematically equation and after that shit gets done and you mine a single Bitcoin. Oh my God. Now where
Starting point is 00:18:32 it all stems from what is it? Satoshi Nakamoto? Explain to those that don't know them. So what's that about? Nobody knows him right? He's a mystery man. Nobody really knows what he looks like. The guy was originally this economist that The whole idea of Bitcoin was really Where it really came from was Satoshi Nakamoto and all these other economists that were saying that Bitcoin is a way to distribute wealth and money to other people that rightfully own it. You know, it gets a little bit into the whole idea
Starting point is 00:19:12 that we want to decentralize the power of institutions, banks, governments, et cetera, things like that. So, you know, the whole idea is, you put money in a bank, the bank takes your money, let somebody else borrow that money, and they pay them interest. And, you know, like mortgages, loans, things like that. So it's a debt-based system on fractional banking. Well, yeah, man. It's like that whole thing about, you know, I'm not religious. the Justs. So th, thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thae, thi, tha, tha, tha, tha, tha, let's tha, let's tha, let's takes takes takes tha, let's tha, let let's tha, let let let let let let let let let's tha, than, than, than, than, than, than, than, than, takes, takes, than, takes, than, than, thae, thae, thae, takes takes takes takes takes takes takes ta, takes takes takes takes thae, takes takes thae, about, you know, I'm not religious, but look at the story of Jesus, man, who killed Jesus. There's always, oh, the Jews, it's not the Jews. Jesus was the Jew, the bankers.
Starting point is 00:19:49 Why did, why did, why did they go crazy on Jesus? Because he walked into the market, kicked over their tables, going, you bankers. Jesus was woke, home boy. That's all I'm trying to say. Jesus was woke. That'll be a new t-shirt. Jesus was woke. So yeah, so basically, it was this whole thing because, and it had something to do also with like the crash, right? This came out a little after the crash. The crash happened in 2007, 2008, that kind of the the the the the the the the the the the the the the they they the crash. The crash happened in 2007, 2008, that kind of affected the, they believe,
Starting point is 00:20:27 the economy, obviously affected comedy, affected the election, Obama gets elected, and the whole thing is that this guy feels like we got to get away from this. I mean, like if you look at what the banks were doing, like Goldman Sachs, right? Goldman Sachs was putting together portfolios. Anybody who's for deregulation? Yeah. They were putting together portfolios. With bullshit loans. With properties, real estate properties in it, that they knew loans that they knew were going to falter.
Starting point is 00:20:56 And they told their investors to invest in that. And then they took insurance out on it. Exactly. Banking on the fact that these House House house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house house. th. th. th. th. th. th. th. th. the thi. th. th. th. th. th. their their their their their their their their their their their their their their their their their their their their their their their their. their. their. their. their. their. th. th. th. th. th. thi. the. the. the. the. the. the. the. the. the. the. the. the. the. the. the. the. the. the. the. their. the. th they took insurance out on it. Exactly, banking on the fact that these house values would appreciate, even though they're like class level D, just bullshit assets. Right, 100%. I was trying to look for this. Um, some put out a funny. It's funny though, like Goldman Sachs actually right now is going to start diversifying their portfolio with Bitcoin.
Starting point is 00:21:20 See that makes me nervous. You know, it's fucking crazy, and I don't know if you guys know this, but the New York Stock Exchange is, they're actually trying to get the ETF to get it as a way to buy socks, and pay stocks. As a way to basically, you know, get hedge funds to trade Bitcoin. No, there's not, okay. We'll get into all that that to, I want to get, because, because, because, because, because, because, because, because, because, because, because, because, because, because, because, because, because, because, because, because, the, the, to get, to get, to get, to get, to get, to get, to get, to get, to get, the, the, the, the, their, the, the, the, the, the, the, the, the, the, the, their, their, their, their, their, their, their, their, their, their, their, their, the, the, the, the, the, the, the, the, the, the, their, their, their, their, their, their. their, they. they. to. to. to. to. to. to. to. to. to. to. to. to. to. to. to. the, the, the, the, the, the, the, the, the the Bitcoin. Now there's not, okay, we'll get into all that too. I want to get into more of that because that's after like kind of what could be a problem with Bitcoin. So this guy invents this thing. This, now that I was trying to find a meme while you were talking. Some put out that like two Japanese electronic stores and like two Korean, like you find this guy's name in those four companies. Oh, they think it's an acronym built out of like Samsung,
Starting point is 00:22:10 yeah, I know what you're talking about. Yeah, something like that. Motorola, so it's like a, the name itself is. So yeah, there's, it's- So no knows who this dude is, or they do know what he is? I don't, I wish that, I that, I that, I that, I that, I, I that, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th, th, th, th, th, th, th, th, th, th, th, th, th, th... th. th. th. th. th. th. th. th. th. th. th. th. than, than, than, than, than, than, than, than, thin, th. th. than, than, than, than, than, is or? I don't I wish that I mean he's a fucking genius and he's sitting on a ton of fucking Bitcoin so so no he's honestly like no one really knows him and he wanted to keep himself disguised he wasn't doing it for the fame or anything he was really doing it because he wanted to offer a new system that could
Starting point is 00:22:40 potentially take the the leverage away from centralized institutions so yeah yeah like the Federal Reserve that tax is on th is a th is a th is a th is a th is th is that th is th is th is th is th is th is th is th is th is th is th is th is th is th is th is th is the it the it is the it is the it is the it is the it is the it is sitting the it is sitting the it is sitting thi it is sitting th th. th th th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. the the the the the the the the the the the the the the the theeeeeeeeeeeeeeeeeeeeeeee the the the the the the the take the leverage away from centralized institutions. So... Yeah, like the Federal Reserve that taxes us on all of our money and that. The reason we're going into, we want to go into North Korea and we want to go into, we want to go into Venezuela is because they want to get off the Petro dollar. What's the Petro dollar in Nixon, the Petro dollar, the Federal Reserve at Nixon took us off the gold standard because our inflation was so high and they put, they backed their money by Saudi oil and that's, you know, you have unlimited oil, right? It's unlimited so you can print as much
Starting point is 00:23:15 money as you want. And now anybody who tries to get off the pet the pet the, comes, which is a big thing, and we'll get into this too, pet the, everyone's saying buy Bitcoin before the end of the year. Why is that? Have you heard that in the rumors? And the chat rooms? I mean, it's, you know, it's entirely up to you. I'm not a financial advisor, so, so how did you go from playing computer rounders into getting deeper and deeper into this? So, because since you're our go-to guy, explain to people like where, if you want, where you are sitting at now, how did you get involved deeper into this crypto? Well, yeah, obviously when I was first introduced to it, I started seeing the potential.
Starting point is 00:24:02 I didn't know that it would get to this level, but I had an idea that it could, that it, I started seeing the potential. I didn't know that it would get to this level, but I had an idea that it could. I just didn't know that, you know, if the government was going to ban it, there was ideas that they would ban it, that other countries, but it's, you know, it's almost like, how do you ban the internet? You know, like, how do you pull the fucking plug? You really can't. But it's just, I had no idea how much it would really get adopted by the masses. I mean, it's still a ways to go. But at the same time, you know, it's a very healthy future. You can, I can see it's a very, very healthy future for, you know, anyone that doesn't know about it or that
Starting point is 00:24:46 isn't a part of it right now. It's still, you know, a lot of people are like, oh my god, Dale, is it too late to get in the game? I remember when Ether was, was like, people were telling me to buy Ether, Ethereum, at $20, but now it's 800. Isn't it too late. You know it's this global market cap which is essentially the total amount of money that has been invested into cryptocurrency is at 600, right now it's about 600 billion. Yesterday was right floating around 640 billion. So obviously like
Starting point is 00:25:22 you can tell from 640 to 600 how volatile this type of industry is. For a lot of people, you know it's, it's, you know it's, it's, you know, it's, it's, you know, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's a, it's a, it's a, it's a the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the to, tote. tote. tote. tote. tote. total total totall, totall. totall, totall, totall, total, th. th like you can tell from 640 to 600 how volatile this type of industry is. For a lot of people you know it's that it's it's tough to deal with you know I remember when I was first telling my friends to check it out they called me up and like oh my god Bitcoin's down 20% what the fuck do I do? I'm like just fucking relax just hold and that's you know honestly that's thi that's that's that's that's thi that's thi that's that's thi that's thi that's thi thi thi thi thi thi thi thi thi thi thi thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi's thi's thi's thi. the. to to to to to to to tooooooooo. I's toooo. I's too. the. the. th's you know honestly That's one of the biggest things if you actually start getting into this and you actually Are investing seriously and you're you have an actual plan for why you're doing it? You have to make sure that you have your complete emotions and mentality completely in check That's literally the number one thing. You just, you have to... Can't live and die by ups and peaks and valleys? No, you have to have a plan.
Starting point is 00:26:11 For me, literally, every type of coin that I'm invested in, I have a fucking plan before I go into it while it's performing, how it's performing, and I have a plan for how long I hold it for, what I do once it reaches a certain level, what I do once it falls to a certain level, you know, there are times that I've invested in some of these coins and they've outperformed my expectations. So, you know, like those are also emotions that you have to learn to right, you know, control because like when you're in that kind of level too, you're never, you, th, th, th, th, you're, you're, you're, you're, th, th, th, th, th, th, th, th, th, th, th, th, th, th, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, that, that, that, that, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, that, that, that, that, that, thi, thi, thi, thi. thi. thi. thi. thi. to thi. thi. thi. thi. tha, thi tha, tha, tha, tha, th you have to learn to right you know control because like when you're and when you're in that kind of level two you're never really you're never really done until you cash it out right right right so how many different cryptocurancies are the hold on oh my god can we get thousands I want to get in how to do this how and get into it then I want to to talk about the ups and downs and it's very interesting to how do you do this this this th th th th th th th th th th th th th th th th th th th th th th th th th th th th. how th. How tho tho to to to to to to to to to to to to to thi to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to the the the th. the the the th. the the thi. thi. the tho. the the. the the. the the the the thooo. the the. the thoo. the. tho. the. the. to to to then I want to talk about the ups and downs, and it's very interesting to them. How do you do this? Okay. Yeah, so I remember to be honest with you, I'm on this website called, what's this,
Starting point is 00:27:11 for some reason my computer is just fucking up here. It's called. Well, just ask me, what do you, what do you want to know? Block geeks. So let's say I, I've I, I, I, I, I'm thia. I'm thia. I'm thia. I'm thia. I'm thia. I'm thia. I'm thia. I'm thia. I'm thi. I'm thi. I'm thi. I'm thi. I'm going thia. I'm thia. I'm going. thi. to to to to to to to to to be to be to be to be to be to be to be to be to be to be to be to be to be to be to be to be to be to be to be th. I'm. I'm th. I'm th. I'm th. I'm th. I'm th. I'm th. I'm th. I'm th. I'm th. I'm going. I'm going. I'm going. I'm going. I'm going. I'm going. I'm going. I'm going. the. the. thean. thean. thean. I'm going. I'm going. I'm going. I'm going. I'm going to be to be to be to be to be the. I'm getting a lot of this information from Block Keeks. So let's say I've invested in some Bitcoin. Where would I go to buy Bitcoin? You have to go to an exchange. What are some of the exchanges that you think would be best to do? Honestly, the... Give us the inside scoop dog, some inside info.
Starting point is 00:27:40 I don't, I personally don't like any of the exchanges myself because they're all going to be tied to the IRS and they're literally handing over all of your information to the IRS so that you know they can set you up for taxation. Yeah, I mean they're not, at first everyone's like what the fuck is this? Is it, is, is it real? Is the fuck is this? It's a, is it real? Is it, is, is there value? And now they see that the market cap goes from something like 100 billion and 600 billion, they're like, whoa, whoa, whoa, we want a fucking piece of that. Yeah, of course. So, you know, personally.
Starting point is 00:28:14 That's why weed took forever the legalize. They had to figure out how they could fucking tax it. Yeah, yeah, yeah, yeah, yeah, yeah, yeah, they. Yeah, they. Yeah, they. Yeah, they. Yeah, thi. Yeah, thi. Yeah, thi. Yeah, thi. thi. thi. thi. thi. thi. thi. thi. th. th. th. thi, their, th. th. th. they're, their, their, their, their, the market, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, th. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. the. the. thooooo. the. the. the. the. their, their, their, their, their, their, too. And you know, the weed industry in LA is supposed to be a big fucking industry, you know, right? It's supposed to be by 2020, $30 billion. Well, like cryptocurrency shit's on that. Like it literally just dropped $40 billion last night, like today. So that's how big of an industry it is. What crypto do you use? Is it called Coinbase? Well, you can use Coinbase.
Starting point is 00:28:46 That's one of the most easiest ones to use. About 100,000 people are joining Coinbase. There's other exchanges that you can jump on. You can also get coins from local bitcoins. You can literally meet people up and just give them cash and they'll send it to you. You can have like a private wallet, which isn't an exchange, and then you, you know, you can. I can just show up some dude going, and what, what I got handed, like, how much money if
Starting point is 00:29:13 I wanted to buy one Bitcoin right now would I have to hand them? Right now it's about 15K. $15,000. One motherfucking Bitcoin. Well, it just dropped. A few, about a week ago, it was about 20K. Interesting. Yeah. I like this weird shadiness to it. Because it's got like implications. I'm trying to wrap my head around it.
Starting point is 00:29:35 It's a big, it's a big, you know, there's a lot to it. So I drop 15,000 K on this right. Yeah, I go on my computer. I, there's there's there's there's there's there's. there's there's there's the there's. there's a the there's a th. the there's a th. th. th. th. th. th. th. th. It's a th. th. th. th. th. th. It's a th. th. th. th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a th. It's a the. It was a the. It was a the. It was a the. It was a the. It was a the. It was a the. It. $1,700 is the price right now. $15,700. I go on my computer. I meet down the local Bitcoin shop where the kids are all hanging out. You know, it's like a black barber shop. Everyone's just hanging out, telling cool stories. And I decided to buy a Bitcoin.
Starting point is 00:30:00 I buy one Bitcoin. And that is worth $15,700, right? Yeah, that's right. So I got this Bitcoin, now I want to buy service. Let's say I want to buy your new school, right? This new school you have to learn how to do Bitcoin. And I want to pay for it in Bitcoin. So what would I contact you, right?
Starting point is 00:30:20 I contact you, right? I want to get some, I want to buy to buy, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, th.e, the, the.e.e.e.e.e.e.e.e.e.e.e.e.e.e.e.e.e.e.e.e. that, that, that, to,, hey, I want to, I want to get some, I want to buy your school. So I hit you up. Is this how it goes? Yeah, exactly. Yeah, I mean, well, we're obviously, we're going to accept all forms of cryptocurrency. But at the same time, it's, so like, can I break it up? you can break it up. So, you know, our school is going to to to to to to to to to to to, our school is going, our school is going, our school is going, to to to to to to, our school is going, our school is going, to to to to to to, to, to, we, I, I, I, I, I, I to, I, I, I, I'm, I'm, I'm, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, the, I, I, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, th.e.e.e.e.e.e. I, know our school is going to be 497. So it would just be 497 divided by 15,700 and that would break it out to what the actual point, it would be
Starting point is 00:30:53 0.0000, 0. So you're saying your school's going to be like 450 bucks. Is that what you're saying? So you would take 450 from my 15 from your one Bitcoin? Yeah, so you're you're one big one. So now I got like a half a Bitcoin. No, half a Bitcoin would be 7,000. Okay, so I have like a little like a like a 15,000 dollar Bitcoin. Yeah. We're around that. Where do the the? No, you're fuzzy math? You're not gonna have one Bitcoin. You're not gonna have 1.9.5.5.5. Yeah. Yeah. You're? You're? You're? You're? You're? You're? You're? You're? You're? to. to.5. to.5. to.5. to.5. to.5. to. to. to. to. the. to. to. to. to. to. to. to. the. the. to. to. to. to. to. to. the their. I. I. I their. I their. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. the. the. the. the. the.5.5.5. the. the. to. to. to. to. to. to. to. to. to. to. to. to. to. to. to. the. the. the. I the have one Bitcoin anymore. You'll have about point 9995. Okay, or five. Okay. Where the fucking number comes out to? So so we agree. I'm going to buy your awesome new school. So we what we do we requested transactions is broadcasted to people to people. Right. This is the big thing. It's people to people. Is that how it goes? Yeah, that's just that's just. That's. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. What. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. We. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. that. broadcasted to people to people, right? This is the big thing, it's people to people, is that how it goes? Yeah, that's just, but that's just one example of what Bitcoin can do. Bitcoin is the most limited form of cryptocurrency.
Starting point is 00:31:58 But at the same time, it's literally the king of cryptocurrency because it was the first to enter into the industry. It's like my space. Yeah, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, it's like, the the the the the the the the the the the the the the the the the to people to people to people to people to people to people to people to people to people to people to people to people to people to people to people to people to people to people their their their their their their their their their their their their their their their their their their their their their their th. It's like, th. It's like, their thi thi. It's like, to to to to to to to to people to people to people to people to people to people to people to people to people to people to people to people to to into the industry. Obviously, it's like my space. Yeah, it's like yeah, it's like my space or I don't know. Yeah, these young you whippers snappers gonna come up and take its thunder eventually. There are, there already are other ones that are coming around that have a lot more value, but at the same time, Bitcoin is just, it's the digital gold right now. It's digital gold 2.0. A lot of people don't, there are merchants that obviously accept Bitcoin. You know, you can go to like a restaurant, certain places of the country and in the world that will accept Bitcoin. There are e-commerce stores, places online that will accept Bitcoin. Okay. But yeah, at the same time, Bitcoin is, it's slow. You know, you were talk talk talk talk talk talk talking talking talking talking talking to to to to to to to toging to the to the to their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their the.eateck. toeck. toeck. toeck. toeck. toeck. theateateck. theateateate. their their their their the at the same time Bitcoin is it's slow.
Starting point is 00:32:45 You know you were talking about the mining stuff. It's a consensus algorithm which is basically a way to validate the transactions to make sure that it's that it's legit and then it goes on the blockchain. Yeah that's what I'm talking about so you do this boom it's it's a consisting of computers it's a network consisting of computers known as nods right nodes notes notes no no no it's okay and then what there has to be a validation after that right yeah yeah now everybody has to validate it or a large group of people so that's it depends on which currency that you're using and it basically it has to validate the transaction on both things that both of you are legit that you that you that you that you that you th you th you the that you the th you have the th you have the th you have the the th th. you have the th. the th. th. th. th. th. th. th. th. th. th. th. th. th. the the th. th. th. th. th. th. th. th. the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the th. the the th. th. No. No. No. No. No. th. the. the. the. the. to to to to to to toe. toe. toe. tho. tho. tho. tho. tho. No. No. No. No it basically has to validate the transaction
Starting point is 00:33:25 on both ends. That both of you are legit, that you have the money and he actually has the product? No. Okay, what do we validate? There are that what you're talking about? You're a little head of yourself. That's like, that's some advanced level. Yeah, no, that sounds like a black belt. That's like a blacet. tha. th. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. A. that, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I, I that, I that, I that's, I that's, I, I, I that's, I, I, I, I, I, I, I, I, I, I, I, I, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I. that, I that, I that, I that, I that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, that's, I that's, I. that's, that sounds like it. That's fucking, that's called a smart contract. Yeah. That's what Ethereum does. But as of right now, blockchain doesn't,
Starting point is 00:33:49 and they won't actually be able to have that sort of technology available. But what you're talking about is going through the consensus algorithm, it'll validate the transaction, and it gets recorded on the blockchain. Okay. That's the reason why it's so valuable because it's decentralized. It's decentralized. Like you literally cannot pull the plug on it. It's just, it's out there. That's a big thing.
Starting point is 00:34:15 Once you spend the money, it is gone. It's fucking gone. Nobody can do it. to somebody and be like, oh wait. Right, right. And then, that that that that that that that that that that that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's that's they. they. the the the the the the the the the the the the the the the the the the their. their. their. their. their. their. their. their. their. That's. their. That's. they. That's. That's. That's. That's. That's. That's. That's. That's. That's. That's their. That's their. That's their. That's th. That's th. That's th. That's th. theea. th. thea. thea. th. th. their their their their. then that's why you have to make sure that that that I that address that you're I normally I'll just I triple check and I'll copy and paste I don't ever type it out because you're literally dealing with like a 26 digit code. Oh my God, really? Yeah, and that code is what allows you to send the transaction.
Starting point is 00:34:51 And then there's like, there's two way of authentication, you'll get, for example, an Azure code for all your Bitcoins. If you buy a couple of Bitcoins. That's the wallet, so it's the wallet address the wallet address the wallet address but is that ID good for all your Bitcoin you can you could technically use the same address if you want yeah I mean do you use as every Bitcoin get its own address you could also have your own address you could also have your own address you could have a separate address for You could also have your own address. You could have a separate address for, you
Starting point is 00:35:25 could have one wallet with literally infinite addresses if you want. That would be chaos. Yeah, you don't need to do that though. You could just have one address. And so I could tell everybody out there, hey, this is my address, 1LZH2, WPP, whatever, blah, blah, blah. You've got to that fucking address and send me some Bitcoin show me some love everybody. th. th. th. th. th. th. th. th. th. th. th. th. the th. th. their. thi. their their thi. thi their their their their their their their their their their their thi thi their their their their their their their their the blah blah blah you got to that fucking address and send me some Bitcoin show me some love everybody you know and I can continue to use that there are people online that that do do that they have they have this address and they just they tell people hey if you guys like what I'm doing or if you guys like my information go ahead and donate some money to me here's my tip jar so it's okay you can th th th th th th th th you th th you th you th th th th th th th th th th th th th th th th th th th th th th th th th th th tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho tho th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th th to to to to to to to to to to to to to to to to to too to too too to to to to to to to to to to to th my tip jar. So it's okay, you can do that. Nobody can hack you.
Starting point is 00:36:08 It's safe. But the reason why that the, this whole Bitcoin, cryptocurrency, why it's so valuable is because of the technology of the blockchain. So you guys are like looking at me, what the fuck is that? It is. The blockchain is... Yeah, what is the blockchain? It's literally just a fucking cube. That's it's just a... The black cube. It's just the black cube and it's a mystery. And it is, why is that so important that that this transaction is is cemented in stone in this cube.
Starting point is 00:36:46 Why does that make that so important? Because that that validates that that transaction, it's public. Okay. So because it's public, anybody can go back and look at that transaction. Okay, it's like it's just open books. It is open books. It's essentially it's a public accounting ledger. And that's what the blockchain is.
Starting point is 00:37:11 So blockchain literally lists every fucking transaction ID, every transaction that was confirmed, every type of transaction that was ever made on the network through the blockchain. Okay, so then we, our transaction, I buy.. their their their their their their their their their their their th. th. th. thi. thi. thi. thi. thi. thi. thi. thi, thi, thi, thi, thi, it's thi, it's thi, it's thi, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. thi. thi. thi. thi. thi. thi. thi. thi. thin. thin. the. the. the. the. to. the. toe. the the. the the. the. toe. the the. they. the. It's the the. It's the transaction that was ever made on the network through the blockchain. Okay, so then we are transaction I buy your school boom we get the blockchain That blockchain is added to the big blockchain. It goes it goes it goes to the block. It doesn't you don't get the blockchain. It goes. Yeah, right, right. But I mean they take an add to it's almost like jinga. They're just adding pieces to this big block. the block. the block. the block. the block. the block. the block. to. to. the block. the block. to. the block. to. the block. the block. the block. to. the block. to. the block. to. to. to. to. to. to. to. to. the blockchain. to. to. to. to. the blockchain. the blockchain. the blockchain. the blockchain. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's. It's like. It's like. It's like. It's like. It's like. It's like. It's like. It's like. It's like. It's like. It's like. It's like. It's like. It's like this big kind of block that's got this cube right so it's like it's permanently in record yeah once that's validated it's not really a fucking cube it's just it's just it's just it's all it's all in the internet it's all
Starting point is 00:37:57 decentralized it's through the miners and it doesn't have a place there's the data is all connected together. So everyone that's... So this this it replaces actual physical currency with a technique. It's like the internet of money as I've been heard people refer to it. Yeah, but crypto currency is far more than just money. It's a way to verify identification. It's a way to minimize remittance fees. It's a way to... thate to verify identification, it's a way to minimize remittance fees, it's a way to utilize royalty assessments like smart contracts. There are so many use cases for it that it's not just about money.
Starting point is 00:38:37 It's literally about just more efficiency, better technology. You know, it's, there's so much opportunity from it that it's it's not just money for peer-to-peer transactions anymore. Right. It's the tip the blockchain technology is essentially the internet 2.0. That's really what it is. It is okay. You know like can you imagine back when internet first came out you know like people are fucking looking at their black and white TV and they're spinning the knob changing the channels? And then fucking the internet pops like, can you imagine like bringing this to like somebody
Starting point is 00:39:13 back in the 50s, bringing like an iPhone that's colored, taking pictures and videos? Yeah. To somebody back in the 50s that are, you know, still watching like black and white TV? It's like, what, like, like,that? Right, I'm trying to think, like, how could I explain this to my father? That's basically, the technology of it is just so far advanced and the people that are like working on this, they're fucking, they're fucking geniuses. Well, so, the binary code, people think of it is something that's only a thiiiiii. thi. thi. thi. thi. thi. thi. thi. thi. thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi. That's, thi. That's, thi. That's, thi. That's, thi. That's, thi. That's, thi. That's, thi. That's, that's, that's, that's, that's, that's, that's, thi. So, thi. So, thi. So, thi. So, thi. That's, thi of it as something that's only used for computer systems, but binary code, it goes zeros and ones. That goes all the way back to the Eiching. So we've been using numerical values to express everything from philosophies to straight up to whatever. Me and you, my name's not Ryan, your name's not Sam. You have a social security number. So to accept this as the way the future, that we would more likely likely thiiiiiiiiolk. to to be, to be, to be, to be, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thithis is the way the future, that we would more likely than not,
Starting point is 00:40:06 some way down the road, why would you not have a Bitcoin wallet that was like, this is who I am? Right, right, right. So there's a couple things about these transactions that are pretty interesting. It's irreversible, right? Some of them, there's new ones coming out that are able to reverse it. Is that good?
Starting point is 00:40:27 Yeah, because it makes you essentially hack-proof. Because there have been instances where people hack and steal cryptocurrency from a company or a person. Did you ever hear the story that I think it's a world of war? What is the big one? World Warcraft? World of Warcraft? World of Warcraft?
Starting point is 00:40:49 That somebody stole and the game stole something in the game and they had him arrested in real life? Oh yeah, no. I think that I've heard even crazier things about Warcraft. Someone hacked someone else's account and stole some like super precious sword and that nerd Went with a replica of that sword to the guy's house and killed him. Oh my god So crazy. So that's fucking crazy here's a little thing that makes me nervous Sudenymns, you know, is there anyone going to you know, it's my problem with the internet? It's like everybody's anonymous, which is good in some things, but bad in other things is that you know, it's???? It's?? It's? It's? It's? th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, the like, the like, the the the the the the thi. thi. their the thi. thi. their their their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, th. thi. their, thi. thi. thi. thi. thi. thr-a. thr-a. thi. thi. thi. thi. thi. thi. thi. So, thi. thi. thi. thi. th problem with the internet. It's like everybody's anonymous, which is good in some things, but bad in other things.
Starting point is 00:41:26 It's that, you know, it's like, how do you know who you're dealing with now? Is that kind of how, is that good so that the government can't tell who you are? Uh, I don't really who you're dealing with? I mean, what do you mean? What do you mean? I don't know? Everybody is, everybody's anonymous, right? I mean it's anonymous? Am I getting that wrong? These, okay, maybe I'm getting that wrong. It's, okay, so there are, there are crypto currencies that are completely anonymous. Yes. And then there are, like Bitcoin, for example, you know, I know who who I'm sending the money to to money to money to money to money to money to money to money to money to money to money to money to money to money to money money to money to money to money to money to money the money to money to money to money to money to to to to to to to to to to the money the I'm sending the money to. Okay. So in that sense, it's not really anonymous. It's just it's just a easier way,
Starting point is 00:42:11 faster way to send money. But Bitcoin now, because there are so many, with the rise and popularity of Bitcoin, there are now, it's just, they didn't factor in the scalability, which is a huge problem with the blockchain and Bitcoin, which is why Bitcoin has been transitioning from a peer-to-peer payment to just essentially a store of value. Because- Is that good? Yeah, it depends on, you know, it depends on how you get away from what it was meant to be? I mean, is it good that?
Starting point is 00:42:45 When you make it a store of something like I'm trying to think about where how and where it's not like it's it's really up to you. It's entirely up to you. It's how you see it you know for me I think it's fucking great I think it's awesome because you literally get to have you can store a ton of value in currency, which is always valued by other people, you know, it's through a fucking little USB drive. Yeah. You put it in a cold storage wallet, and that's literally downloadable offline so you can take it off the blockchain. The transaction and the blockchain. The transaction and the data will stay there but you will download you can download your
Starting point is 00:43:31 cryptocurrency so obviously if you have a lot that's the best and safest way to do it. You lock it up and you put it on a offline cold storage wallet. So that's where it differs from our current system like right now now, say I'm like all your money, if whatever banks that you're part of, just go belly up or some shit happens, you can't get your money back. Like you, you, like, it's weird because I see how people and myself are leery to like jump all in,
Starting point is 00:43:58 and you probably shouldn't ever jump all in to anything. Yeah, I think you need to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do to do they. their to do to to to to to to to to to to to to to to to their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their thi. thi. thi. thi. thi. thiii. thoooooooooooooooooooooomxic. thooooomoomorrow. thoomorrow. thi. th, I think you need to do research, a lot of research. But we don't own our fucking money now, and our money is doesn't represent gold anymore. Like you said, so really all we have is ones and zeros. And so if this is another form of it, where it's not debt-based and it's not fractionalized, and I'm able to peer-to-peer, I'm able to do services rendered, I can buy things. There's no stopping this. They've started in 2009 and it's only gotten bigger, correct? Like it's only just been growing and growing and growing and growing? Yeah. So when people hear growth, they think of the inevitable bubble. Is there a bubble to be worried about? How does Bitcoin go up and down? People pulling their money out and that causes it to supply. It's just simple economics. There's two, suddenly there's a giant supply of bitcoins come through?
Starting point is 00:44:50 A supply and demand. That's really what it is. So how would you address the fears of a bubble? Well, and how do you describe the bubble? Once again, I'm not a financial advisor? as as far as a bubble goes a bubble would be it's it's essentially a speculative mania where people are just overvaluing an asset the price of an asset that is greater than its intrinsic value okay that that's really what a bubble is. You know, like back in the day when Goldman Sachs is tying up these portfolios and selling them off as investment opportunities, those portfolios were, they were empty, there wasn't anything in it because the properties and the values were, it was all bullshit. But here with Bitcoin, there's only there's only
Starting point is 00:45:51 16 million bitcoins in the world. And they're never going to make more? That you can't. It's that was the way that the network was launched. So why if I have a bazillion dollars why don't you just go buy all the Bitcoin? Yeah, you should. Hmm. So is this how people like the Rothschild and Rockefeller's and other Vandenbergs and whoever else, is this, is this how they can control Bitcoin is by buying a shit ton of it? It would, yeah, I mean, if Bitcoin became a million dollars right now, then they might be able to take all of it, but if they took all of it, then it wouldn't be worth anything.
Starting point is 00:46:29 Then it probably wouldn't be worth any money anymore. It only works if another person has a Bitcoin. Other people have to still have, there's obviously still has to have demand. There has to have some sort of value, and the value is either it's stored as another form of to to to to to to to to to to to the form of th of value of value of th form of value of the form of th form of value of th form of the form of value of th form of the form and the value is either it's stored as another form of value of currency as an alternative to currency or it actually can be used to buy things. But right now there's like sites online that are offering Lamborghinis for bitcoins for bit coins. You're gonna be able to buy bitcoins with a house for user bit coins to buy a house. There are new currencies, the currency's currency's, the currency's currency, th currency, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, the currency, the currency, the currency, the currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency of currency, of currency of currency of currency, of currency, of currency, of currency, of currency, of currency, of currency, of currency, th of currency, th of currency, th of currency, th of currency, th of currency, th of currency, th of currency, th th, th, th, th, th, th, th, the currency, the currency, the currency, the currency, the currency, the currency, the currency, the currency, the currency's the currency's the currency's the currency's the currency's the currency's the currency's the currency's the currency's the currency, thi currency, thi currency, thi currency, thi currency, with a house, or use your bitcoins to buy a house. There are new currencies coins that are coming out
Starting point is 00:47:11 to be able to do things like that and utilize your Bitcoin. So. Now, getting into the Rothschilds and all that stuff, the thoughts that this is the beginning of a new world order. Like, this is when you get everybody under... Now... Is this the one world currency? One world currency, the new world order. Now you know the whole thing about how they... Like I said, the Bitcoin is only just one aspect of
Starting point is 00:47:34 the cryptocurrency. There are, there's essentially four different types. There's equity, smart contracts, verification, and then there's the actual currency of payment. So there's four actually four different types of cryptocurrency currencies that have different cases. Like I said, the smart contracts, you can use basically between a computer program so that, let's just say I have a smart contract set up with an artist. So an artist will play at my house, and every time the artist comes and plays at my house,
Starting point is 00:48:17 it will automatically receive 0.1 Bitcoin. And that smart contract will, it will automatically distribute the Bitcoin, not Bitcoin though, but through Ethereum or the different smart contract platforms that are available. Yeah, that makes sense. So that's another use case of it. There are other ways to, like I said, verify identity. There's one with Civic. There's another one called ICON. These ones, they verify identity.
Starting point is 00:48:51 So ICON, what they do essentially is they're going to, they have a partnership with different universities this launched in Korea. So they have a partnership with different universities and hospitals where you can verify your identity utilizing the cryptocurrency. So these hospitals and these universities are going to be using the cryptocurrency to transfer the data back and forth from the person that they need to verify and also research data for the hospitals and they're going to allow other blockchains to come in and use that technology so it's more efficient, it's faster, it's, you know, the cost. Think about how much money it would take to how much money they can save at the same time,
Starting point is 00:49:38 utilizing newer technologies. It's also the same thing with one of the ones that I really like, it's called Kasha. Kasha is, they're basically a new cryptocurrency as well, which they're utilizing 4X technology, or the 4X market, only primarily because in certain parts of the countries, like in America or different places in the world, it's still not completely regulated. Yes. So that in order for some of these institutions to be sending money through the cryptocurrency, they're not allowed to. So there's many different applications for this from a...
Starting point is 00:50:23 Extremely. It's literally endless. There are so many... There's like another one called gut tickets. It's like this from in the modern world. It's literally endless. There are so many. There's like another one called gut tickets. It's another one where you can buy tickets online through your phone that will send the ticket straight to your wallet. It'll send it straight to your phone. And people don't have to go through Ticketmaster anymore. You could literally just go through the companies can sign up to to sign to the the the the the the the their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their their there's. There's. There's. There's. There's. There's. There's. There's. There's. There's. There's. There's. There's. There's. There's there's. There's. There's. There's there's. There's there's. There's there's there. There's there. There. There. There. There. There. There. There. There. There. There. There it straight to your phone. And people don't have to go through Ticketmaster anymore. You could literally just go through like these companies can sign up with gut tickets. They can utilize their cryptocurrency and instead of them paying Ticketmaster a fee to hold the ticketing and distribute the tickets, it will literally just go to the end user. So when I think of technology, technology is a complex systems that make things simpler for us.
Starting point is 00:51:09 Like how hard it would be for me to send an email to you, Sam? It's ridiculous. There's many complex moving parts to this. The thing that it fascinates me about crypto currencies is it taps into the unbanked, and that's India and Africa. We're th talking th talking tha tha tha tha tha tha tha tha tha tha tha thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thi thioli thioli thioliolioliolioli. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. they's they's they's thi. It will they're they're they're thi. It will thi. It will thi. It will thi. It will thi. It's theea. It's theauoooooooooooooooooooooooooooooooooooooooooooooooe. It's taps into the unbanked and that's India and Africa. We're talking about people that don't have an infrastructure at all. So if they're able to get to Wi-Fi, then they can actually access, they don't have access to banks because they're not in that type of world. We're talking about like 2.1 billion people on
Starting point is 00:51:39 this planet are without banks, right? Two.5 billion people that are unbanked in this world. Oh my God! Can you imagine that's just, you don't think about that kind of stuff here, here in America, but over in... Yeah, because I got a chase on every corner. Yeah, I got a chase inside of Starbucks, inside of Tripoli. Yeah, so this is the socioeconomic reformation basically. But that's the that's the nature of, I mean that's just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just just the reality, the reality, the reality, the reality, the reality, the reality, their, their, their, their, their, their, their, their, their, that's thi, that's that's that's that's that's that's that's that's that's that's that's, that's, that's, that's, that's, that's, that's, that's, that's that's that's that's that's that's that's that's that's that's that's that's that's th. th. th. th. th. th. th. th. that's th. that's their, their, their, the the the the the the the the the the the the the the the thi. the thi. thi. thi. that's thi. that's that's the nature of, I mean, that's just the reality of it. But at the same time, when you do, let's just say, we have these people that are coming out of their country from like India, and they want to send money back to their family. And if they want to do that, if they are sending money back into a family where they don't have a bank, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, it, the their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, and their, and their, and their, and their, and their, and their, and their, and their, and their, and their, and their, and their, and their, and their, and their, their, their, their, their, their, their, their, their, their, to to to to their, to to to their, to to their to their their their to their their their their their, their, their, their, their, to do that, if they are sending money back into a family where they don't have a bank, it cost about 20 to 25 percent to just the transaction fee to send that money back. So if I send a thousand dollars,
Starting point is 00:52:37 you know it can cost up to $250, they take it out of the front. So now the person that needs that money is only getting $ 750 bucks. Now with cryptocurrency, specifically with Kasha, what they're able to do now is send that money for literally fractions of that. I mean maybe maybe like a dollar. And it gets there like 15 minutes. Five minutes. They use, they you, yes it does, but they're they're also, but they're also using they, they're they're they, the the their, their, their, their, their, their, their, their, their, their, their, their, their their their their their their their their, their, their, their, their, their, their, their, they're, they, specifically, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, uh, their, their, their, their, their, their, their, their, their, their, their, their, their, their, their, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, specifically, they're, they're, theythere like 15 minutes five minutes they use they they you yes it does but they're also using the 4x market so that they can what is the 4x market the foreign exchange market okay foreign exchange market it's about 70 trillion dollars there's about 70 trillion but there's really you know 200 trillion dollars in the world but on the foreign exchange market, it's 5.5 trillion dollars is traded every single day. Wow. That's a big number. That's a big number, dude. Yeah, that's a really fucking
Starting point is 00:53:38 the tasks, oh boy. So they're using the 4X market, and that way, if I'm sending it over here, then they can get whatever, you know, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, you, the, you, the, you, the, the, the, the, the, the, the 4x market and that way if I'm sending it over here, then they can get whatever, you know, whatever the currency is over in India or in Africa or wherever it needs to go, wherever they need that money. They don't, they're not going to get the US dollar, they get that money and converted to at a very, very low fee. So this is a technology that helps us break out of our banking enslavement system. So we need to kind of switch owners, we switch slave masters. I mean, here's the whole thing. Do you know how the Roths, Roths, Rothschild, I forget what his name is. He's brilliant, right?
Starting point is 00:54:22 Like, I think at like 10 years old, he was already interning at some like banks and stuff. He's like very ahead of his time. So what happens is is that England and France go to war. And what he did was he found out that England had won the war but nobody knew it yet. So he ran back and told everybody, you know people in place. He told everybody that France had lost. I mean, friends had won and Britain had lost. Everybody freaked out and they sold all their bonds. They sold all their bonds. He came in and bought all the bonds. He literally basically took the pound over. So a house built on lies.
Starting point is 00:55:00 Yeah. So my whole thing is like, if this is a one-world order, or one-one-world currency, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, if everybody, thi, thi, thi, thi, thi, thi, thi, thi, thi, and thi, and thi, and, and, and everybody, and everybody, and everybody, and everybody, and everybody, and thi, and thi, and thi, and thi, and, and, and, thi, thi, thi, thi, thi, th, th, th, th, and th, th, th, th, thi, thi, thi, thi, thi, thi, thi, thi, thi, thri. And, thri. And, thri.ee. And, thrie thrie. And, everybody, everybody, everybody, thrie thri thri thi. And, everybody, and thi. if this is a one-world order or one-one-world You know currency if everybody invests their money in this a lot of it What stops them from just pulling the plug under from it? Is that possible? Who? The powers that be the people who run the internet the dark the deep state? Darker forces that work? I don't know how the fuck you could do that? You that? They? T, the? T, the? T, the? T, the? T, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, thi? thi, thi, thi, thi, thi, th, thi, thi, thi, thi, you, you, you, you, th, th, th, th, th, thi, th, th, th, you, you, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, th, thi, thi, thi, thi, thi, thi, thi, thi, the the that, the that, the that, the their, thooooooooooooooooooooooooooo, the, thi, thi run the internet, the dark the deep state, darker forces at work. I don't know how the fuck you could do that. It's all decentralized, all the information is out there. There's value. There's no one place that Bitcoin is traded into ether.
Starting point is 00:55:40 Is that what you're saying? So they can't control it? There's literally no way to, you can ban it through the internet somehow with maybe like an IP type of thing, but there's literally no way to just turn it off. So the other concerns is, what's like the potential, because we're talking about the darknet and darkness, and cybercrimes. So can I buy illegal drugs child porn can I hire a hitman to kill my ex-girlfriend or future? I mean they're fucking weirdos out there and they're gonna do what they do regardless. Yeah I mean that that that doesn't
Starting point is 00:56:17 really have anything to do Bitcoin because yeah you could totally do because originally Bitcoin that bad rap because on the Silk Road people were doing some crazy shit and using Bitcoin. That's what I mean, because it wasn't directly tied with your name, which is the case. But you know, nowadays there are companies that are able to follow from the original transaction because of the blockchain. Nobody, the technology wasn't developed enough at the time where people understood how to follow through the blockchain and follow that transaction, but now you technically, there are technologies being developed so that they can,
Starting point is 00:56:56 so that essentially, the IRS is working with these different exchanges. There was a federal judge that basically said that, yeah, they can work together in order to find out who's not paying their tax. Because back to the, about last year, there was about maybe like 200 people that reported capital gains, so. Interesting. Well, so, this is some breaking news shit that literally just happened this week. Here goes, have you heard of the National Defense Authorization Act? So President Trump signed into law, it's going to happen in 2018. The National Defense Authorization Act, this past Tuesday, December 19, 2017. It is a $700 billion defense policy bill that mandates for a briefing on cyber applications of blockchain technology.
Starting point is 00:57:55 Language within the bill is part of a much wider effort to modernize the United States military before decades of what they call hybrid wars break out. So the blockchain study, according to the bill, will create, quote, an assessment of efforts by foreign powers, extremist organizations, and criminal networks to utilize such technologies. The fact that they just went straight in and signed this shit means that it's popping up on the radar. Oh, it's on the radar it's on the radar it has to do yeah you're you're getting rid of them yeah so like I said before I didn't really get into the numbers of it but from 2009 to 2017
Starting point is 00:58:36 Bitcoin and all these alt coins which are the alternative coins they the total amount of money that was invested from two thousand and nine to two thousand and thousand the the th th th th th th th th th tho the tho tho th thin the thin th thin thin the tho tho the th tho tho tho th tho th th th th tho tho tho tho tho tho tho tho tho tho th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thi thi th. thi thi thi thi thi thi thi thi thi th. thi thi. thi thin thin thin thin thin th. thin the the the the the the the the to to the to the the to the thee the the the the the the the the the the the the the They, the total amount of money that was invested from 2009 to 2017, about up until six months ago, mid-2017, it was $100 billion. Yeah. So that's, that's a lot of money still, right? That's a lot of money. But in the last six months, I don't know if you guys remember how much I told you was the global market cap right now, but it's 600 billion. Yesterday this morning, it was 640 billion. So it's grown just in the past six months. It's grown 550 billion.
Starting point is 00:59:22 540 percent. Just fucking crazy. So what does that mean just like that's how many people have invested in it? That means that there are, that is, that many people, new money is coming in. Yeah. 540 billion dollars is new money. So in your own personal experience, have you seen people come up big? Fuck yeah. Any numbers you can throw out? The Winklevaz brothers, they're cashing out $300 billion.
Starting point is 00:59:51 Jesus. It's real fucking money. How about $300 billion! And those guys, they started one of the exchanges. So they, it's called Gemini. But they started that, and they invested in Bitcoin. They were hedging on the fact the fact the fact the fact that that that that that that that that that that that that that that that that that that that that that that that that that the facting that that their numbers that their numbers that their numbers that thiiqqqqqqqqqqqqqqqqq. that that that that that that that th. A th. A thi. A thi. A thi, thi, thi, thi, thi. A thi. A thi. thi. thi. thi. but they started that and they invested in Bitcoin They were hedging on the fact that Bitcoin was going to be at this level So yeah 300 billion. I don't know if that's enough money for you guys, but
Starting point is 01:00:13 No, that is more how do I know it is a real Bitcoin? What do you know what was happening in Las Vegas? People were there was so many people that there is so much crazy You'll know if it's a real thi th. th. th. th. th. th. You know, you th. You know, you th, you th, you th, you th, you th, you th th th th th th th th th th th th th thi, you're thi, you thi, you thi, you're thi, you're thi, you're thi, they they they're they're they're they're they're they're they're they're they're they're they they they were heding, they thing, thing, thing, you thing, you thing, you thi, you're th, you're thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi, thi thi thi thi thi thi thi the the the the the the the the they were he they were he thi they were he they were he thi thi they were he th were so many people that there was so much crazy. You'll know if it's a real Bitcoin if you get it in your wallet. You'll get a pending transaction. Where do I go get a wallet? You gotta go online. I go, I put in Bitcoin wallet. Bitcoin wallet exchange.
Starting point is 01:00:38 I would recommend not holding your bitcoins on a wallet. You know, if you're holding like a thousand bucks, okay, it's probably not a big deal. But once you actually start getting some dough in this thing, you don't want it to get hacked. You don't want somebody to, you can somebody to, somebody can literally just follow you, get your shit and they have access to all your stuff. So what do I do? Like, as soon it to you got to know what you you you you you you you you to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to get to to to to to get to get to get to get to get to get to get to get to get to get to get their to get their to get their their their their to get their their their their their their their their their their their their their their their their their their their their their their thi. thi. thi. thi. thi. thi. to get thooooooooooooo. toe. toe. toe. toe. toe. toe. thooe. the. as it gets to something, I just cash out? Is that what you're saying? Cash out? Just be, you gotta know what you're, are you, are you keeping it on an exchange so that you can trade or are you trying to, you know, you can also hold it offline and just let
Starting point is 01:01:16 it appreciate? You can just hold. There are different terminologies. Can they hack it when I hold when I hold if you put it on a cold storage wallet? No unless like they break into your house and take it Interesting so interesting, but then even if they have it they still need the The 15 word keys and then mom make mom make passwords to get all interesting. I know we just not easy The tip of the iceberg on this down we appreciate you giving us some of the ins and outs but how could people get a hold you and keep in contact to see you building this university that you got going on? I'm it's you can follow me on
Starting point is 01:01:52 Instagram and I'll be the best way to keep in touch I literally just we've been I've been working on this with my partner so yeah follow me on Instagram and I'll I'll be releasing more information on that. My Instagram's Dale Y, Song, D-A-L-E-Y, S-O-N-G. Follow me on Instagram and if you guys follow me on there, I'll probably throw out some kind of like promo code to where you guys can get a deal on it. But literally, I've just put so countless hours of time and research and just built up a community of people that I
Starting point is 01:02:29 trust, other people that provide valuable information of just sharing knowledge and really just understanding where it's going. Are there a lot chicks in the Bitcoin. Are there some hot chicks in the Bitcoin? I need bitches in the Bitcoin. The bitches in the Bitcoin say hey! We could probably, we could probably do better with that. Yeah. Well, we appreciate it. We'll check back up with you because we plan on.
Starting point is 01:02:54 I'm interested, dude. I want to buy something. I want to be into this. I'm very angry. If you guys, the, the, th. th. th. th. th. th. th. th. th. th. th. th. th. th. thin, thin, thin, thin, thin, we, we, we, we, we, we can, we can, we can, we can, we can't, we can't, we can't, we can't, we can't, we can't, we can, we can, we can, we can, we can, we can, we can, we can't, we can't, we can't, we can't, we can't, we can, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we, we can. Yeah, we can. Yeah, we can, we can, we can't, we can't, the, the the the t. Yeah, the t. Yeah, the try. Yeah, the the the the the the the the the the the the the the the the th. Hey man. I'm in dude. I just got to figure it out I got to go like okay so I'm gonna go hand 15 grand to somebody and come away with a Super Mario chip. Yeah figure it out so interesting. We'll stay in touch with you we'll figure this out. Can I name my Bitcoin like this is my buddy Bitcoin Now it's time for everyone's favorite part of the show the people people and it's what we call do you do do do do do do do do the the the the the they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. they. th. th. they. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. they's they's they's they're they're they're they're they're they're they're they're they're they're to to they're to to to. to. to. to. to. to. to. to. to. to. to. to. to. they're thi. thi it all the time. And it's what we call, do you have the other music? Oh yeah here we go they forgot. Real quick. Aaron, Aaron. Don't be an idiot. Open your mind. WI GOVE! WAND!
Starting point is 01:03:41 THE LOANTO TO TO BE YOU! THE LOVE OF! WALL THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE THE The Lord told me to tell you, Wake up, wake up, wake up, wake up, wait, to wake up. So I strongly suggest that you wake the fuck up. You're filthy animal. Time for everyone's favorite part. Aaron, thoughts? It's just funny that I have to pull, I have to like adjust the levels on this music that's about me. Yeah, just bizarre. Uh, I'm be honest, I
Starting point is 01:04:11 was paying attention, I still don't get it. Yeah, I get it. I do want to know what the going rate on, uh, how many bitcoins is a murder? Is it like three, four? Yeah. No, I think, well, a murder would be one bi. th. th. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. Yeah, thi. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, that's, that's, that's, that's, it's. Yeah, it's. Yeah, it's. Yeah, it's. Yeah, it's. Yeah, it's. Yeah, that's. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, thi. thi. thi. Yeah, thi. Yeah, thi. Yeah, thi. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, th. Yeah, thi. Yeah, thi. Yeah, thi. Yeah, four? Yeah. Now I think well a murder would be one Bitcoin. Depends on where you are. You can get a good murder for about five grand if you talk to the right part, but just know most likely you're talking to an FBI agent. Oh yeah, yeah. Please ask them, they have to tell you. No, no. I know a guy with red hair and a beard to do it for cheap man. I know a lo lo lo lo lo lo lo I I know a guy a guy a guy a guy. I know a guy. I know a guy. I know a guy a the the the the the the th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know. I know. I know a th. I know a guy. I know. I know a guy. I know a th. I know. I know. I know. I know. I know. I know. I know. I know. I know. I know. I know. I know. I know. I know. I know. I know. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a th. I know a cheap man. I'll give you his name. But it's interesting right man. Yeah, yeah. It did open my mind. I get it now. I get it now. I just, I would be so scared that I'm not technically sadly enough to be safe, you know what I mean? Well, you gotta get into it, dude. I know this guy opening his school, they will teach you everything. This is also coming from the guy that thinks his cell phone goes out every time he drives by the Church of Scientology in North Hollywood, so it does. I want your school to sponsor this show and we'll work something now so we get the word out for you.
Starting point is 01:05:13 The people know about your Bitcoin Academy. Yeah, it's going to be, I mean, basically, we're going to give all the information you need to know in order to understand it because that's that's the important thing and not only that though if you actually do want to get into it there's there's a lot of volatility so training people to understand how that volatility and training the different strategies. How am I going to make it rain Bitcoin on the strippers? Am I just going to throw fucking bit coins at them? You'd you could you could just just just just just just just just just just just just just just just just just just just thi thiii? that thi? thi? that thi? thi thi thi thi thi thi that that that that that that that that that that that that that that that that thi. that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that that th. that that th. that that that th. th. th. th. th. th. th. th. th. th. th. I thi. I thi. I th. I thi. I thi. I thi. I thi. I the. I the. I the. I thi's thi. I thi. I thi. thi. thi. I thi. thi. the strippers? Am I just going to throw fucking bitcoins at them? You could just bring like, you could just yell at your number.
Starting point is 01:05:50 You just bring a cool meal. Three, four, seven, eight, nine, ten, twelve. Yeah, yeah, I like that. This was very educational. I enjoyed this. I learned a lot. tho. .
Starting point is 01:06:02 . Hell yeah, we appreciate all your guys five-star reviews on iTunes. You guys have helped us become a top 40 podcast on iTunes. Aaron, thoughts on that? It's great, love it. That's kind of cool, right? That's exciting. It is awesome. It's pretty fucking dope. How many podcasts do you think there are, comedy podcasts?
Starting point is 01:06:18 It's got to be like 8 million? Thousands. Yeah, but how many all things things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all things all th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. We. th. We. th. We. th. We. th. th. th. to. to. to. to. to. to. to. to. to. to. to. th. th. th. th. th. th. th. We. th but how many all things comedy podcasts that you're personally on the side of that is in the top 40 One Two you do the dollop from time to time. I do all right Dalop's killing it. I mean they just watch it to see the red head of Jesus. Hey, there. Dude, I'm with you. Everybody loves to the five-star. Everybody loves them. Every time. thii. the th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thi. thi. thi. thi. tho. tho. they. th. they. th. th. th. they. th. th. they. they. they. they. they. the the the the the the the the the the the the the th. th. th. the th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. tho. tho. tho. tho. tho. tho. thoooooooooooooooooooooooooooo. thoooooooooo. th. thoooo. th. th. th we hang out, I'm like the fat chick. He just hands me his person, goes, dances on the fucking four. You're funny, I'm funny looking. You know, you're not fine. Like, you're like a young William Defoe.
Starting point is 01:06:51 God damn. Yeah. Five star reviews. Thank you, tinfoil hat from, yeah, buddy. My favorite podcast. I can't wait for what's next. Where's. I is is. I is. I ignorance prevails and where one class is made to feel That the society is the organized conspiracy to oppress Rob and degrade them neither persons nor property will be safe Frederick Douglas so we got a time trivl. So we got a time traveler that left a five star review. I was that the Is that the credo of the three amigos? I think so maybe maybe all awesome. It's my favorite. It's th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. th. thi thi thi thus. thus. thus. thus. thus. thus. the the thi thus. thus. tho. tho. tho. tho. tho. the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. theeeeeeoooooooooooooooooooooooooooooooooooooooo. the the credo of the three amigos? I think so. Maybe, maybe. All right, awesome. It's my favorite dude. Here it goes. This one's by Elm Street Detective.
Starting point is 01:07:31 Keep up the podcast. And I listened to 40 episodes this week. Love the show, Stay Woke. Stay woke, mothfucker. That's awesome. Stay woke. Here we go. Where is the one I like, oh, fuck, I can't find it.
Starting point is 01:07:58 So keep on sending those five-star reviews. This is how it pops up on Owls. Yeah, the guys, the guys, the guys, the guys, the guys, the guys, the the the radar. The guys the more the reviews you give us the more five-star you can even say we suck just give us them five stars and this is the last one of 2017 and you guys will see us in a new studio. What's up with that Ryan I mean Aaron what's up with that? Get your bit coins? Get your bit coins dog? Oh yeah we're not there yet but we're getting closer. It's like the website website the website the website the website. the website. the website. to to to to to to to to to to to to to the to the to to to the to to to the to get. to get. to get. to get. to get. to get. to. to get the the the to. to. the the the the th. the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the th. th. th. th. th. th. th. th. th. thi. thi. thi. thi. to. to. to. to. to. to. to. to. to. to. to. th. but we're getting closer. It's like the website, the punch drug website. Two weeks away. Don't even get me started on that.
Starting point is 01:08:29 Keep on emailing us at Tingfall Hat Pod for future guests and any type of topics. We got big shit coming in 2018. Here is it. Sam. Sam is our generations, our bell. That was the one I really like. We're gonna start doing these all the time. I enjoy this. th. th. th. th. th. th. th. th. th. th. th. th. th. th. the. th. the. th. the. the the th. the the the the the the the the the the the the the the the the to. t. the the the the the the the the the the the the the the the the the the the the the the the the the the the the the to to to get. t. t. t. t. t. t. t. t. t. t. t. t. t. t. t. t. t. t. t. t. t. ti. ti. ti. ti. t. toge. toge. t. toge. t. t. tog. togs. togs. t. togs. togs. t. I enjoy this episode guys. Thank you so much for your support. Again email us check out the t-shirts. I'm gonna put that Jesus was woke. How about that? That's a good shirt dog. Jesus was woke dog. We love you guys. This show is not possible without your guys's enthusiasm. If you know people are into it, spread the word. The bigger the show gets, the better the guests get. We love you guys very much. Without you guys, this show doesn't happen. We appreciate everything you do. And we will see you in 2018. Hey, everybody, here is a little bit of bonus to this episode.
Starting point is 01:09:26 Sometimes when we put an episode out, information comes out that changes the subject that we were discussing. So we did this episode on Bitcoin. It was a great episode. But later on, I got a little more information. My friend, Reid, who was supposed to be on the podcast, he actually sent me a video that was very, very interesting.
Starting point is 01:09:49 And the reason that it kind of changed my view of Bitcoin, okay? So a big thing here is this video is from Crowd Source The Truth. It's a Jason Goodman video. If you get a chance go check out his YouTube page, it's a wonderful page. The guy works really hard. I'm, I, that, that, that that that that that that that was that that that that that was that that was that that was that was very, that that was very, that was very, that was very, that was very, that was very, that was very, that was very, that was very, that was very, that was very, that was very, that was very very very very very, that was very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very very, that was that was very very very, that was that was that was that was that was that was very, that was that was that was that was very, that was very, that was very, that's that's that's that's that's that's that's. It's a Jason Goodman video. If you get a chance go check out his YouTube page, it's a wonderful page, the guy works really hard, I'm putting out and discovering what is the truth. So it's a really good video. Read, set me this video and it's basically breaking down. It's an interview that Jason did with a guy name Quinn Michaels. Okay Quinn Michaels you can find his, he's got a YouTube page at all. It's, the the the the the guy, the guy, the guy, the guy, the guy, the guy, the guy, the guy, the guy, the guy, the guy, the guy, the guy, the guy, the guy's the guy's, the guy's, the guy's, the guy's, the guy's, the guy's, the guy's works, works, works, works, works, works, works, works, works, works, works, works, works, works, works. The guy's works. The guy's works. The guy's works, works, works, works works, works, works works, works, works works, works works, works, works, works, works, works, works, works, works, works, works, works, works, works, works, works, works, the the the the the the the the the the the the the the the the the the the the guy's the guy's the guy's the the guy's the guy's the the guy's the the guy's the guy's the guy's the guy's the guy's the guy's the guy's w works, he's wo, he's w works, the guy's a guy named Quinn Michaels. Okay, Quinn Michaels, you can find his, he's got a YouTube page at all.
Starting point is 01:10:30 He's a very interesting guy. He looks like he has a lot going on in his head. Like he's an interesting man, he's very deep into it. He's put out some videos about who he thinks is this, who he thinks is that. One of the videos he put out that he thought that Q on, the Q, the guy Q, who's been putting out all this information is a guy Tyler from Zero Hedge Fund.com. I don't know if I necessarily agree with that, but he has some interesting theories and one of the theories he puts out that I found very interesting, okay, was that
Starting point is 01:11:07 Bitcoin was in fact invented by AI, artificial intelligence. Okay, and it's basically his theory is this, is that the, that since we don't know who this yakasaka Matamoto dude is nobody he's never come forward he created this this beautiful thing yeah has never come forward no one knows who he is we've only had a couple emails from this guy so we're just gonna assume this really is some Japanese dude right the email say that why he created this now, the whole creation was that the economy crashes, right? Obama has, you know, during the end of the George Bush era and the being the Obama era, they bail out the banks too big to fail, blah, blah, blah.
Starting point is 01:12:03 So this cryptocurrency, which they've been trying to do forever, right? We talked about that, right? It's fine to do forever, comes out. Like it's failed a million times. Here comes Bitcoin, the first successful version, person to person. And the whole point is this is that this guy, Quinn Michaels, believes it was made by AI in order to get people to basically turn their computers over to the AI so that it can learn.
Starting point is 01:12:35 Now a lot of people ask, why does Bitcoin have monetary value? What is this monetary value? Why is it when we recorded this this episode was Bitcoin worth 15.7,000 dollars and then the next day it literally dropped to a thousand dollars? Who dropped it? Why did it drop it? It's very interesting. They put a monetary value to it because that gets you interested in it. You get interest, you want to invest in it. Everybody's got Bitcoin, everybody's into it. I have to invest in this. You throw your money and now the AI has your computer. It can monitor you. It can learn from you. The value, why does Bitcoin have value? Where to start?
Starting point is 01:13:16 Well, according to this Michael Q. Michael, excuse me, Quinn Michaels. Coin to him is that Bitcoin started out as currency for illegal activity. The Dark Web of buying weapons, drugs, and really other disgusting stuff that happens on the dark web. I've never been on the dark web. I've no desire to go on the dark web. Okay.
Starting point is 01:13:42 So that's where the money comes. That's why the value shoots up because it's so important because you have to have one these bitcoins to do sales on to buy and sell on the dark web Now this belief of this this Quinn Michaels is that the the AI is using the block chain. Okay, you can't hack into the blockchain. You can't take anything off the block. It is permanent because it's such an advanced code. This guy, Quinn Michael, says he only knows two dudes who have ever, who are smart enough to do this code to create Bitcoin. That there's nobody smart enough out there to create except for these two guys and they both say
Starting point is 01:14:22 they haven't done it. He does not know who did this code. their their their their their the and they both say they haven't done. He does not know who did this code and therefore he wonders if it was a human being and he believes that this this block chain and as you remember from the rest of the episode uh a transaction is made that transaction is agreed upon by everybody else, pair to peer. It makes a block. That block is that transaction that block is put into the blockchain. Blocchain is permanent. There is no way to take it off. Okay? Why?
Starting point is 01:14:57 Because it's so advanced. That blockchain, according to Squint Michaels, is where all the AIs will meet. It is this where singularity happens. This is the beginning of AI according to this guy. And you know what? It makes a lot of sense. It makes a lot of sense, man. I'm really starting to think that this is a little bit more than we're all and we are, we are it dude and that these guys what's gonna happen is all the AIs will meet at this blockchain and they will form a program so advanced that no human being will be able to hack in to this
Starting point is 01:15:42 blockchain. And that's the beginning of the matrix, my friends. That is the beginning of the matrix. We have, we are now in the middle of the matrix. I am kind of shocked. It's kind of scary, man. It makes me think that because we, you know, and now his whole theory is that the House of Saud is trying to control all the, all the AI....... And th. And th. And the, the, the, the, the AI. And, th. And, th. And, th. th. th. th. th. th. th. th. th. to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, to, the, the, the, the, the, the, the, the, the, the, the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the the to, the the the to bea is that the House of Saud is trying to control all the, all the AI and that, listen, we've had this kind of discussion over time that, you
Starting point is 01:16:13 know, okay, we're going to have robots building everything, who's going to pay taxes. Now if you have artificial intelligence doing everything, how are you going to collect taxes on these things. This guy says Bitcoin is how these rich people think they're going to tax AI by using Bitcoin. Now that's crazy too. See, and this is where mankind gets fucked, because these guys think they're going to be smart enough to control artificial intelligence. And what have we learned, man, there was just a story of a computer that learned chess. Every chess move in the history history thiiiiiii- th. th. th. th. th. th. th. th. thi thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. they they they they're thi, they're thi, thi, thi. thi. thi. thi. thi. thi. thi. thi. they they they they they they they they they they they they they they they they they they they they they they they they they're they're thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. thi. learned chess. Every chess move in the history of chess, he learned this computer. Excuse me, learned it four hours. It took out the number one chess guy.
Starting point is 01:16:53 I think, and it beat him two out of three, right? But it was using moves that no one's ever seen before. Think about that, man. It created moves that nobody had seen in the 1,500 years of chess. Isn't that crazy? Isn't that crazy? That's just fucking crazy dude. That blows my mind. That blows my mind. I'm using this H4 zoom for the first time and I'm trying to get the levels right for you guys so if it shoots up on my apologies. But I wanted to add that. I wanted trying to get the levels right for you guys so if it shoots up on my apologies but I wanted to add that I wanted to add that these guys both Jason Goodman and Quinn Michaels both say we have the right to know who
Starting point is 01:17:35 invented Bitcoin and I agree with that it is very suspicious that this man who create the greatest thing the world has not come forward why would you do that why would you do that? Why would you not come forward? So fucking interesting. So that was the new thing I wanted to add. Thank you guys so much for living. Thank you for living too and thank you for listening to Tinfoil Hat with Sam Tripley. Take care.

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