1 00:00:00,040 --> 00:00:02,480 Speaker 1: You know, if you've looked at big cycles and things 2 00:00:02,520 --> 00:00:05,560 Speaker 1: like you know, the fourth Turning for example, right, you 3 00:00:05,600 --> 00:00:08,200 Speaker 1: can see how like the generation that we have today, 4 00:00:08,400 --> 00:00:12,280 Speaker 1: obviously being shaped by those experiences, has a distrust for 5 00:00:12,320 --> 00:00:16,439 Speaker 1: these legacy institutions, the centralized institutions. It's a very like 6 00:00:16,520 --> 00:00:18,439 Speaker 1: insiders club, and if you're not in it, you're not 7 00:00:18,480 --> 00:00:20,680 Speaker 1: going to be able to do anything to change that system. 8 00:00:20,720 --> 00:00:23,600 Speaker 1: So that pin provides a system in which you can 9 00:00:23,640 --> 00:00:27,560 Speaker 1: build in parallel and build a competing financial system and 10 00:00:27,680 --> 00:00:31,680 Speaker 1: arguably like a system through which to coordinate economic activity. 11 00:00:31,880 --> 00:00:34,559 Speaker 1: People are out there building a parallel system. They're not 12 00:00:34,600 --> 00:00:37,400 Speaker 1: living in fear like, they're just out there doing it. 13 00:00:37,520 --> 00:00:42,760 Speaker 1: The statistics on the CDC website it is acidine that 14 00:00:42,760 --> 00:00:46,239 Speaker 1: we're forcing children to wear a mask. A bitcoin waste energy, Well, 15 00:00:46,320 --> 00:00:49,720 Speaker 1: what's a waste Like one man's trash is another men's treasure, 16 00:00:49,720 --> 00:00:53,880 Speaker 1: isn't it to measure value throughout economy? You you distort 17 00:00:54,360 --> 00:00:58,320 Speaker 1: economic decisions, particularly capital allocation can So it's a good 18 00:00:58,400 --> 00:01:01,600 Speaker 1: argument to be made because we've the money by going 19 00:01:01,640 --> 00:01:07,680 Speaker 1: off of sound monetary standard and completely detaching ourselves one 20 00:01:08,000 --> 00:01:10,880 Speaker 1: just printing money out of nothing, pretending like there's going 21 00:01:10,920 --> 00:01:13,360 Speaker 1: to be no consequences that you have a massive miss 22 00:01:13,400 --> 00:01:17,600 Speaker 1: allocation of capital. Well, a tensions ineering and all time high, 23 00:01:17,760 --> 00:01:20,360 Speaker 1: and the fears of the dollars reset, a currency collapse, 24 00:01:20,480 --> 00:01:23,400 Speaker 1: and the Great Reset are all looming. Of course, people's 25 00:01:23,400 --> 00:01:26,360 Speaker 1: feelings of fear, uncertainty, and doubt about the future are 26 00:01:26,440 --> 00:01:29,720 Speaker 1: running at all time highs. But there is hope. There's 27 00:01:29,760 --> 00:01:33,360 Speaker 1: a new system that's being built in parallels, being built 28 00:01:33,400 --> 00:01:36,240 Speaker 1: alongside the legacy system, and it's attracting some of the 29 00:01:36,280 --> 00:01:39,360 Speaker 1: smartest people in the world to come and build, to 30 00:01:39,480 --> 00:01:42,520 Speaker 1: transact and conduct business. Now, today I'm sitting down with 31 00:01:42,600 --> 00:01:45,760 Speaker 1: Marty ben to spearheading a movement to fix some of 32 00:01:45,760 --> 00:01:50,320 Speaker 1: these legacy systems that are broken, including education, energy, and 33 00:01:50,400 --> 00:01:53,960 Speaker 1: even the environment. Now we discuss a wide range of topics, 34 00:01:54,040 --> 00:01:56,000 Speaker 1: including how the events of nine eleven and the great 35 00:01:56,000 --> 00:01:58,720 Speaker 1: financial crash of two thousand and eight really shaped the 36 00:01:58,760 --> 00:02:02,320 Speaker 1: worldview of these young adults, how the legacy systems have 37 00:02:02,480 --> 00:02:05,680 Speaker 1: evolved to work against people's best interests, and how by 38 00:02:05,720 --> 00:02:08,720 Speaker 1: fixing the pricing system of the world, we can fix 39 00:02:08,800 --> 00:02:11,440 Speaker 1: almost everything else. Now, there's so much good stuff that 40 00:02:11,440 --> 00:02:13,000 Speaker 1: we covered here, So let's just go ahead and just 41 00:02:13,080 --> 00:02:14,959 Speaker 1: jump right into it with Marty. Hey, everyone, welcome to 42 00:02:15,000 --> 00:02:17,560 Speaker 1: another episode of the Market Disruptor Show. And today I'm 43 00:02:17,600 --> 00:02:19,640 Speaker 1: sitting down with Marty Bent. He is the host of 44 00:02:19,639 --> 00:02:22,680 Speaker 1: the Tales from the Crypt podcast and he's also director 45 00:02:22,680 --> 00:02:27,000 Speaker 1: of business development for Great American Mining. Um. He's a 46 00:02:27,040 --> 00:02:31,320 Speaker 1: lover of liberty, a patriot, and a freedom maximalist, will say, 47 00:02:31,360 --> 00:02:33,680 Speaker 1: And so I want to dig into some conversations. Episode 48 00:02:33,680 --> 00:02:35,720 Speaker 1: ex had to have you, Marty, Thanks for joining, Thanks 49 00:02:35,760 --> 00:02:39,760 Speaker 1: for having me Mark, I'm excited for this conversation. Yeah. So, um, 50 00:02:39,800 --> 00:02:42,000 Speaker 1: you know, as I was kind of saying before, you know, 51 00:02:42,600 --> 00:02:44,560 Speaker 1: you know, seeing that content you're putting out, which is 52 00:02:44,600 --> 00:02:47,440 Speaker 1: a lot obviously hosting the Tales from the Crypt podcast, 53 00:02:47,520 --> 00:02:49,680 Speaker 1: And I know you write the newsletter. You've been doing 54 00:02:49,680 --> 00:02:53,639 Speaker 1: that for a long time. Um, and I think, uh so, anyway, 55 00:02:53,639 --> 00:02:55,000 Speaker 1: I've been falling for a long time. Why don't you 56 00:02:55,040 --> 00:02:56,920 Speaker 1: just tell everybody else kind of like what you're working 57 00:02:56,960 --> 00:02:58,520 Speaker 1: on so they get an idea before we kind of 58 00:02:58,520 --> 00:03:02,840 Speaker 1: dig into this. Yeah, So the podcast, it was an 59 00:03:02,880 --> 00:03:05,040 Speaker 1: extension of the newsletter. So I started the newsletter Martys 60 00:03:05,080 --> 00:03:09,800 Speaker 1: Bent around this time in seventeen June seventeen so about 61 00:03:10,120 --> 00:03:13,120 Speaker 1: almost four years ago, exactly less than months, three years 62 00:03:13,160 --> 00:03:18,160 Speaker 1: and eleven months ago. And I started that because I 63 00:03:18,200 --> 00:03:22,000 Speaker 1: was known throughout my friend and family group as the 64 00:03:22,000 --> 00:03:24,480 Speaker 1: the bitcoin guy, because I'd been falling down the bitcoin 65 00:03:24,560 --> 00:03:29,320 Speaker 1: rabbit hole since when I was in college. And around 66 00:03:29,320 --> 00:03:31,160 Speaker 1: that time, in twenty seventeen, the price of bitcoin was 67 00:03:31,200 --> 00:03:32,960 Speaker 1: going up, the price of all coins was going up, 68 00:03:33,000 --> 00:03:36,280 Speaker 1: and everybody in my immediate circle was like, all right, Marty, 69 00:03:36,360 --> 00:03:38,120 Speaker 1: what the hell is going on here? And it was 70 00:03:38,160 --> 00:03:41,520 Speaker 1: just the deluge of text and emails calls, and I 71 00:03:41,560 --> 00:03:43,240 Speaker 1: was like, all right, this is getting overwhelming. I'm gonna 72 00:03:43,240 --> 00:03:46,360 Speaker 1: write this daily newsletter. Marty's bent to in and date 73 00:03:46,360 --> 00:03:49,280 Speaker 1: you with a little bit of bitcoin information, day by day, 74 00:03:49,440 --> 00:03:52,000 Speaker 1: daily newsletter, five days a week. So it started out 75 00:03:52,000 --> 00:03:56,040 Speaker 1: as that, and I started posting the newsletter to Twitter 76 00:03:56,240 --> 00:03:57,760 Speaker 1: with links, like all right, I'm gonna send this my 77 00:03:57,760 --> 00:03:59,800 Speaker 1: family and friends. Let's see if the Twitter verse likes 78 00:03:59,800 --> 00:04:03,240 Speaker 1: it took on a life of its own. Got introduced 79 00:04:03,280 --> 00:04:06,920 Speaker 1: to a gentleman at Barstool Sports, the big media company 80 00:04:07,400 --> 00:04:10,360 Speaker 1: here in the Northeast, and it was talking to him, 81 00:04:10,480 --> 00:04:12,760 Speaker 1: introduced him to my newsletter. We were talking about bitcoin, 82 00:04:13,360 --> 00:04:15,600 Speaker 1: and he convinced me to start Tales from the Crypto podcast. 83 00:04:15,640 --> 00:04:21,839 Speaker 1: So that started, I believe early September late August, and 84 00:04:21,880 --> 00:04:24,120 Speaker 1: again that was an extension of podcast. People were liking 85 00:04:24,160 --> 00:04:27,240 Speaker 1: the written content, and so I started Tales from the 86 00:04:27,240 --> 00:04:30,120 Speaker 1: crypt to give them some audio content and to introduce 87 00:04:30,200 --> 00:04:33,280 Speaker 1: them to people building in the bitcoin space and whether 88 00:04:33,320 --> 00:04:37,239 Speaker 1: it be code at the protocol level, apps and building 89 00:04:37,720 --> 00:04:42,000 Speaker 1: theses around the economics innovation around bitcoin as well in 90 00:04:42,000 --> 00:04:45,119 Speaker 1: the monetary revolution that it that it presents the world. 91 00:04:46,160 --> 00:04:48,839 Speaker 1: So I did that for a time and then around 92 00:04:49,320 --> 00:04:52,320 Speaker 1: the beginning of eighteen a goat introduced the team at 93 00:04:52,320 --> 00:04:54,719 Speaker 1: Great American Mining. They told me what they were doing 94 00:04:55,600 --> 00:04:57,799 Speaker 1: with their mining operation. I was working up our stool 95 00:04:57,880 --> 00:05:02,960 Speaker 1: full time at that that point, selling podcast advertising UH 96 00:05:03,080 --> 00:05:06,480 Speaker 1: to two Barstool's network and using their studios after hours 97 00:05:06,480 --> 00:05:09,880 Speaker 1: to record Tales in the crypt and decided UH that 98 00:05:09,960 --> 00:05:11,960 Speaker 1: I wanted to come. Even though working for barstool is 99 00:05:12,000 --> 00:05:13,839 Speaker 1: a really cool experience, it's something that a lot of 100 00:05:15,279 --> 00:05:17,320 Speaker 1: the new asset as well. Lots of ways you can 101 00:05:17,320 --> 00:05:19,880 Speaker 1: do this. UM and Block five is the company that 102 00:05:19,960 --> 00:05:22,400 Speaker 1: I recommend. Down in the description, I have a link 103 00:05:22,400 --> 00:05:24,080 Speaker 1: that you can click on if you choose to use 104 00:05:24,080 --> 00:05:25,560 Speaker 1: that link. You can earn up the two U fifty 105 00:05:25,560 --> 00:05:28,200 Speaker 1: dollars in bitcoin just for using that link, So check 106 00:05:28,200 --> 00:05:32,360 Speaker 1: out block Fine. Now, men my age particularly would killed 107 00:05:32,760 --> 00:05:34,919 Speaker 1: to be in that position. But I was truly just 108 00:05:35,000 --> 00:05:39,120 Speaker 1: drawn towards bitcoin and Grant American Mining presented an opportunity 109 00:05:39,200 --> 00:05:41,760 Speaker 1: to go work full time outside the podcast and the 110 00:05:41,800 --> 00:05:46,520 Speaker 1: newsletter on bitcoin. They sort of jumped at the opportunity. Uh, 111 00:05:46,560 --> 00:05:50,640 Speaker 1: and here we are today. Grant American Mining was I 112 00:05:50,640 --> 00:05:53,000 Speaker 1: wouldn't say quasi stealth mode for for a couple of 113 00:05:53,080 --> 00:05:57,000 Speaker 1: years until we nailed down our exact path towards scalability, 114 00:05:57,480 --> 00:06:01,599 Speaker 1: finding abundant and cheap energy. And we've been uh moving 115 00:06:01,600 --> 00:06:04,320 Speaker 1: pretty quickly over the course of the last year, particularly 116 00:06:04,360 --> 00:06:07,840 Speaker 1: to to scale up our operations and um, good mind 117 00:06:07,880 --> 00:06:10,200 Speaker 1: as much big horn as possible. So yeah, I have 118 00:06:10,279 --> 00:06:14,839 Speaker 1: a weird career or weird uh way of making money 119 00:06:14,960 --> 00:06:17,840 Speaker 1: right now, which is writing a daily newsletter, have this podcast, 120 00:06:17,839 --> 00:06:20,640 Speaker 1: and I work for this mining company as well. Yeah, 121 00:06:20,760 --> 00:06:23,400 Speaker 1: well it's not weird. That's how that's how it's done 122 00:06:23,440 --> 00:06:28,960 Speaker 1: these days, right, that's the world. The world's changed. So um, 123 00:06:29,000 --> 00:06:31,279 Speaker 1: you know it's interesting and I guess it's not weird 124 00:06:31,320 --> 00:06:34,159 Speaker 1: necessary from our perspective, but maybe from the outside looking 125 00:06:34,160 --> 00:06:36,880 Speaker 1: at it is. But it almost seems like um and 126 00:06:36,960 --> 00:06:39,000 Speaker 1: you could probably talk to this, but like in the 127 00:06:39,040 --> 00:06:41,880 Speaker 1: hand around novel of you know, Atlas Shrugged or in 128 00:06:41,880 --> 00:06:43,480 Speaker 1: the movie if you've seen it, you know, where it's 129 00:06:43,480 --> 00:06:46,200 Speaker 1: like all the productive people in the world where like 130 00:06:46,240 --> 00:06:50,120 Speaker 1: disappearing to go like start this like new system. And 131 00:06:50,760 --> 00:06:54,480 Speaker 1: it seems like we've seen like this mind shared like 132 00:06:54,560 --> 00:06:57,840 Speaker 1: all moving towards like this new technology, which I guess 133 00:06:57,920 --> 00:07:01,440 Speaker 1: isn't that um alarming. A new technology attracts all the 134 00:07:01,440 --> 00:07:03,799 Speaker 1: best people. So whether that was the Internet or whatever 135 00:07:03,800 --> 00:07:06,440 Speaker 1: it was, UM, and so it's attracting all these people. 136 00:07:06,560 --> 00:07:09,120 Speaker 1: But I think, and I'd like to get your opinion 137 00:07:09,120 --> 00:07:11,000 Speaker 1: on this, but it seems like maybe it's like the 138 00:07:11,000 --> 00:07:13,000 Speaker 1: bait and switch where they come for the tech or 139 00:07:13,040 --> 00:07:16,320 Speaker 1: they come for the for the money, UM, but then 140 00:07:16,320 --> 00:07:18,680 Speaker 1: when they learn what it really is, it kind of 141 00:07:18,800 --> 00:07:21,280 Speaker 1: changes their mind and they just start seeing the world 142 00:07:21,320 --> 00:07:24,880 Speaker 1: differently and they start seeing like solutions differently two problems 143 00:07:24,880 --> 00:07:29,200 Speaker 1: and stuff. I completely agree and from it, I mean, 144 00:07:29,480 --> 00:07:31,960 Speaker 1: many bitcoiners will say they had the same trajectory, but 145 00:07:31,960 --> 00:07:34,720 Speaker 1: I did as well. Speak for myself. I was working 146 00:07:34,720 --> 00:07:37,200 Speaker 1: at a managed futures fund in Chicago. I studied economics 147 00:07:37,200 --> 00:07:41,480 Speaker 1: in college and intern at this managed futures fund in 148 00:07:41,520 --> 00:07:45,560 Speaker 1: the West Loop and UM basically part of that job 149 00:07:45,600 --> 00:07:48,480 Speaker 1: as an analyst, we we were actually a fund of funds, 150 00:07:48,480 --> 00:07:51,960 Speaker 1: So we index commodity trading advisors into a fund of funds, 151 00:07:52,040 --> 00:07:56,360 Speaker 1: and many of those indexes across the business that we 152 00:07:56,480 --> 00:07:59,280 Speaker 1: went out and sold to two investors. And part of 153 00:07:59,320 --> 00:08:02,560 Speaker 1: that was doing due diligence on the c tas that 154 00:08:02,600 --> 00:08:04,960 Speaker 1: we index and then their trading strategies. And part of 155 00:08:04,960 --> 00:08:08,240 Speaker 1: that due diligence was understanding how markets were moving and 156 00:08:08,280 --> 00:08:10,800 Speaker 1: the markets that c t a s trade, particularly or 157 00:08:10,800 --> 00:08:15,720 Speaker 1: commodities markets, currency markets, equities, futures, any futures market you 158 00:08:15,720 --> 00:08:18,960 Speaker 1: can think of. And so that entailed me following central 159 00:08:18,960 --> 00:08:24,080 Speaker 1: bank announcements how currency exchange rates were fluctuating throughout time 160 00:08:24,080 --> 00:08:31,080 Speaker 1: based off of UM, macro economic factors, central bank policies, YadA, YadA, YadA, 161 00:08:31,080 --> 00:08:37,000 Speaker 1: and and just through that process alone, a really at 162 00:08:37,000 --> 00:08:40,000 Speaker 1: a young age came to realize that these experts, particularly 163 00:08:40,040 --> 00:08:43,720 Speaker 1: the central banks are bankers, really didn't have any idea 164 00:08:43,720 --> 00:08:45,160 Speaker 1: of what they were doing they sort of just throwing 165 00:08:45,120 --> 00:08:46,840 Speaker 1: ship at the wall to see what sticks, and that 166 00:08:46,880 --> 00:08:48,920 Speaker 1: really didn't sit well with me. And at the same time, 167 00:08:49,440 --> 00:08:52,120 Speaker 1: I was discovering bitcoin in my free time while still 168 00:08:52,160 --> 00:08:55,760 Speaker 1: in college and learning about monetary policy. I think literally 169 00:08:55,800 --> 00:09:00,520 Speaker 1: stumbled into bitcoin just randomly googling obscure monetary policy or 170 00:09:00,559 --> 00:09:03,680 Speaker 1: something like that and stumbling upon people talking about bitcoin's 171 00:09:03,720 --> 00:09:08,479 Speaker 1: perfect monetary policy inforums on the Internet. And the juxtaposition 172 00:09:08,640 --> 00:09:13,360 Speaker 1: of the transparency of the Bitcoin ledger and its monetary policy, uh, 173 00:09:13,960 --> 00:09:17,600 Speaker 1: next to what Janet Yelling uh at the time, who 174 00:09:17,640 --> 00:09:20,000 Speaker 1: was ched FED chairman when I was working at this fund, 175 00:09:20,720 --> 00:09:25,199 Speaker 1: was doing, and how the markets were basically moving based 176 00:09:25,240 --> 00:09:27,320 Speaker 1: off of the color of the jacket that she wore 177 00:09:27,440 --> 00:09:30,559 Speaker 1: during press conferences and stuff like that, and everything they 178 00:09:30,559 --> 00:09:34,520 Speaker 1: were doing was very non transparent, uh. And so that 179 00:09:34,600 --> 00:09:37,280 Speaker 1: juxtaposition is what drove me, and this sort of stability 180 00:09:37,280 --> 00:09:40,959 Speaker 1: and transparency of Bitcoin's monetary policy compared to what Jane 181 00:09:40,960 --> 00:09:44,480 Speaker 1: and Yelling and crew we're throwing out there. And so yeah, 182 00:09:44,520 --> 00:09:47,560 Speaker 1: I came into it just from a purely geek perspective 183 00:09:47,679 --> 00:09:51,920 Speaker 1: of this is like a unique sound monetary system experiment. 184 00:09:52,720 --> 00:09:54,880 Speaker 1: And then as you mentioned, as you dig deeper and 185 00:09:54,880 --> 00:09:57,880 Speaker 1: you understand the distributed nature of the protocol, how it's 186 00:09:58,520 --> 00:10:02,559 Speaker 1: geographically distributed, how proof of work works, how you come 187 00:10:02,600 --> 00:10:08,320 Speaker 1: to consensus in the ledger, and how UM and how 188 00:10:09,160 --> 00:10:12,720 Speaker 1: it enables individuals to to make transactions and ap pear 189 00:10:12,760 --> 00:10:15,760 Speaker 1: ap pear fashion. You go, WHOA, this is actually bigger 190 00:10:15,760 --> 00:10:18,199 Speaker 1: than money. It is it is a way to coordinate 191 00:10:18,400 --> 00:10:21,800 Speaker 1: and coordinate directly with with other peers that can't be censored, 192 00:10:21,840 --> 00:10:25,280 Speaker 1: and that is something that is desperately needed in this 193 00:10:25,400 --> 00:10:28,080 Speaker 1: day and age. And so that's that's how I fell down, 194 00:10:28,200 --> 00:10:30,360 Speaker 1: and I was radicalized before that, I think I was 195 00:10:30,400 --> 00:10:34,120 Speaker 1: searching for something like bitcoin, being seventeen in two thousand 196 00:10:34,120 --> 00:10:37,200 Speaker 1: and eight when the Great Financial Crisis went down, UM 197 00:10:37,559 --> 00:10:41,720 Speaker 1: and really diving into the TARP bill with the professor 198 00:10:41,760 --> 00:10:43,280 Speaker 1: and that I had in high school. When I was 199 00:10:43,320 --> 00:10:46,000 Speaker 1: going down, it was like, this is messed up. Um, 200 00:10:46,040 --> 00:10:48,360 Speaker 1: I'm a child at nine eleven and going through that 201 00:10:48,400 --> 00:10:51,440 Speaker 1: whole experience, and it's coming to find that maybe the 202 00:10:51,480 --> 00:10:54,760 Speaker 1: pretenses for going to war with Iraq where we're fabricated 203 00:10:54,840 --> 00:10:59,720 Speaker 1: and just really a lot of distrust in the the 204 00:11:00,000 --> 00:11:04,240 Speaker 1: expert class and the traditional system, and Bitcoin provides an 205 00:11:04,280 --> 00:11:09,199 Speaker 1: incredible way to escape the tyranny of this very i 206 00:11:09,200 --> 00:11:11,040 Speaker 1: would say evil system. At the end of the day, 207 00:11:11,080 --> 00:11:14,000 Speaker 1: it may not be overtly evil in the in the 208 00:11:14,080 --> 00:11:16,960 Speaker 1: sense that the people running it have evil plans, but 209 00:11:17,280 --> 00:11:22,320 Speaker 1: their implementation on their plans turns out to have evil consequences. Yeah, 210 00:11:22,800 --> 00:11:25,720 Speaker 1: some interesting things that you said there, if we can unpack. 211 00:11:25,840 --> 00:11:28,160 Speaker 1: But um, the last kind of part just kind of 212 00:11:28,200 --> 00:11:30,520 Speaker 1: mentioning that you know, child of nine eleven and the 213 00:11:30,559 --> 00:11:33,439 Speaker 1: great financial crash of two thousand and eight, etcetera. And 214 00:11:33,480 --> 00:11:36,880 Speaker 1: it's you know, it's interesting. Yeah, it's it's not surprising 215 00:11:36,880 --> 00:11:40,200 Speaker 1: if you're paying attention. But um, you know, growing up 216 00:11:40,280 --> 00:11:43,960 Speaker 1: under those different circumstances of course shapes your worldview and 217 00:11:44,040 --> 00:11:47,079 Speaker 1: so um, you know, if you've looked at big cycles 218 00:11:47,120 --> 00:11:50,520 Speaker 1: and things like you know, the fourth Turning for example, right, 219 00:11:50,559 --> 00:11:53,280 Speaker 1: you can see how like the generation that we have today, 220 00:11:53,480 --> 00:11:57,360 Speaker 1: obviously being shaped by those experiences, has a distrust for 221 00:11:57,400 --> 00:12:01,520 Speaker 1: these legacy institutions, these centralized institutions. Um, but also want 222 00:12:01,559 --> 00:12:04,280 Speaker 1: to enact change, which is, you know, one thing and 223 00:12:04,280 --> 00:12:06,360 Speaker 1: then we have a brand new technology, which of course 224 00:12:06,440 --> 00:12:09,280 Speaker 1: a younger generation kind of grabs onto as well. So 225 00:12:09,320 --> 00:12:11,840 Speaker 1: it's like definitely we have like the catalyst for like 226 00:12:11,960 --> 00:12:16,760 Speaker 1: major change right now. Um. But I would say going 227 00:12:16,800 --> 00:12:20,000 Speaker 1: back to kind of what you're saying about, looking at 228 00:12:20,040 --> 00:12:23,400 Speaker 1: the Central Bank and the Federal Reserve and um, the 229 00:12:23,400 --> 00:12:27,000 Speaker 1: Fiat money system and like the centralized you know, legacy 230 00:12:27,040 --> 00:12:30,480 Speaker 1: system of Fiat money, and it's really started to like 231 00:12:30,679 --> 00:12:34,360 Speaker 1: spread over into everything. So we've seen like you know, 232 00:12:34,480 --> 00:12:38,960 Speaker 1: centralization of now the education system, you know, health and 233 00:12:39,040 --> 00:12:43,319 Speaker 1: food media of course, and it's almost like these like 234 00:12:44,080 --> 00:12:48,719 Speaker 1: distorted policies have made their way into all of that. 235 00:12:48,760 --> 00:12:51,640 Speaker 1: Now do you I guess, I guess do you think 236 00:12:51,920 --> 00:12:54,080 Speaker 1: that's happening like it's it's growing or is it that 237 00:12:54,120 --> 00:12:56,200 Speaker 1: we're just becoming more aware of it and seeing it 238 00:12:56,240 --> 00:12:58,920 Speaker 1: all over there? Yeah? I mean I think it's been 239 00:12:58,960 --> 00:13:02,720 Speaker 1: metastasizing for decades now. It's just becoming impossible to ignore 240 00:13:02,960 --> 00:13:08,479 Speaker 1: of how pervasive the the corruption and the the distortion 241 00:13:08,840 --> 00:13:13,440 Speaker 1: of reality has become. And I think bitcoinners, a lot 242 00:13:13,480 --> 00:13:15,400 Speaker 1: of bitcoiners, I'm not gonna say bitcoinners in general, but 243 00:13:15,440 --> 00:13:18,280 Speaker 1: a lot of bitcoinners, particularly those who believe in sound 244 00:13:18,320 --> 00:13:23,680 Speaker 1: money and particularly as a way to efficiently allocate capital, 245 00:13:23,840 --> 00:13:25,640 Speaker 1: would would say that the fact that we have this 246 00:13:25,720 --> 00:13:28,440 Speaker 1: vat monetary system that's running buck and allows you to 247 00:13:28,480 --> 00:13:34,360 Speaker 1: print money ex nihilo and just allocate it, not you allocate, 248 00:13:34,400 --> 00:13:37,120 Speaker 1: allows the central planners who who print the money x 249 00:13:37,200 --> 00:13:39,600 Speaker 1: deal to allocate all over they see fit. It leads 250 00:13:39,600 --> 00:13:42,160 Speaker 1: to a distortion not only in the pricing mechanism of 251 00:13:43,040 --> 00:13:47,520 Speaker 1: the currency at play, whether it be the US dollar, euro, Juan, 252 00:13:47,640 --> 00:13:51,360 Speaker 1: yen um, but also that that disruption of the pricing 253 00:13:51,360 --> 00:13:53,920 Speaker 1: mechanism leads to a miss allocation of capital that then 254 00:13:54,440 --> 00:13:58,560 Speaker 1: leads to a miss out allocation of incentives or creates 255 00:13:58,600 --> 00:14:03,760 Speaker 1: the conditions for preserves perverse incentives to arise and leads 256 00:14:03,800 --> 00:14:08,600 Speaker 1: to a bastardization of the economy at large. Just beyond 257 00:14:08,800 --> 00:14:13,800 Speaker 1: the monetary system, as you said, leads into education, housing, 258 00:14:14,440 --> 00:14:17,280 Speaker 1: coding that goes into housing, and how towns are built out, 259 00:14:17,280 --> 00:14:23,240 Speaker 1: suburban areas are built, leads into everything. Yeah. Yeah, and 260 00:14:23,280 --> 00:14:25,560 Speaker 1: I think it's easy. You know, most people can see 261 00:14:25,600 --> 00:14:28,840 Speaker 1: that there's like wow, I don't know, it's like it 262 00:14:28,880 --> 00:14:30,760 Speaker 1: seems like obviously there's a lot of people that see 263 00:14:30,800 --> 00:14:33,440 Speaker 1: there's something wrong. I mean, we see this populist uprising, 264 00:14:33,440 --> 00:14:36,040 Speaker 1: which again is indicative of kind of like this this 265 00:14:36,120 --> 00:14:40,280 Speaker 1: fourth turning or when you know, civilizations change, and we 266 00:14:40,360 --> 00:14:42,880 Speaker 1: had before pre COVID there was I think eight countries 267 00:14:42,920 --> 00:14:45,200 Speaker 1: that had like a million people each you know, marching 268 00:14:45,320 --> 00:14:48,360 Speaker 1: or whatever. Um that was kind of shut down a 269 00:14:48,360 --> 00:14:51,680 Speaker 1: little bit. But it still seems like we have half 270 00:14:51,680 --> 00:14:54,160 Speaker 1: the people that are like still gung ho about all 271 00:14:54,240 --> 00:14:57,840 Speaker 1: this right, Like it's pretty pretty divided and and it 272 00:14:57,840 --> 00:15:00,200 Speaker 1: it seems pretty shocking, like how do these people not 273 00:15:00,360 --> 00:15:04,520 Speaker 1: see like this path that they're going down? It's a 274 00:15:04,560 --> 00:15:07,360 Speaker 1: mass psychosis. That's actually the newsletter I'm writing today is 275 00:15:07,400 --> 00:15:11,960 Speaker 1: like are we h are we currently enthralled in in 276 00:15:12,000 --> 00:15:15,720 Speaker 1: the middle of a mass psychosis? And what is it 277 00:15:15,760 --> 00:15:19,240 Speaker 1: being driven by? It's being driven by I mean fear, right, 278 00:15:19,360 --> 00:15:23,760 Speaker 1: Fear and uncertainty leads humans to act in very regular ways. 279 00:15:23,800 --> 00:15:28,400 Speaker 1: And the people that find themselves in places of power 280 00:15:28,680 --> 00:15:30,720 Speaker 1: and the political sphere of the media sphere and the 281 00:15:30,720 --> 00:15:33,600 Speaker 1: monetary sphere, and like the expert class fear of the 282 00:15:33,680 --> 00:15:38,920 Speaker 1: education sphere UM are leveraging fear and uncertainty the apparatus 283 00:15:38,960 --> 00:15:41,680 Speaker 1: of the media, particularly to spread that fear and uncertainty 284 00:15:41,720 --> 00:15:47,400 Speaker 1: too cattle herd the mass, you know. In in interesting 285 00:15:47,440 --> 00:15:49,720 Speaker 1: you say that psychosis UM I was listening to a 286 00:15:49,720 --> 00:15:53,400 Speaker 1: podcast a couple of months ago, and it was about NLP, 287 00:15:53,680 --> 00:15:57,080 Speaker 1: like neural linguistic programming, which is what marketing marketing uses, 288 00:15:57,760 --> 00:16:01,080 Speaker 1: and you can get certified like as practitioner of NLP 289 00:16:01,120 --> 00:16:03,200 Speaker 1: and then you get like this master certification. It's like 290 00:16:03,280 --> 00:16:06,960 Speaker 1: Tony Robbinson uses it and marketing uses it, and it's like, um, 291 00:16:06,960 --> 00:16:10,400 Speaker 1: it kind of plants, like inception, plants things into your subconscious, right, 292 00:16:10,680 --> 00:16:13,200 Speaker 1: And so these are these the master level practitioners of 293 00:16:13,240 --> 00:16:16,000 Speaker 1: n LP on this podcast, and they were explaining how 294 00:16:16,880 --> 00:16:19,760 Speaker 1: the news and the media is actually using n LP 295 00:16:20,080 --> 00:16:23,160 Speaker 1: on the people. And they gave all these examples and 296 00:16:23,200 --> 00:16:25,240 Speaker 1: I don't know good enough to kind of repeat those back, 297 00:16:25,360 --> 00:16:28,560 Speaker 1: but a lot of these like sensational headlines like if 298 00:16:28,560 --> 00:16:30,480 Speaker 1: you don't wear a mask, you're going to kill grandma, 299 00:16:30,560 --> 00:16:32,520 Speaker 1: for example, right, and then they repeat it over and 300 00:16:32,560 --> 00:16:35,840 Speaker 1: over and over, and it's actually goes past the conscious 301 00:16:35,840 --> 00:16:39,440 Speaker 1: into the subconscious and they're basically brainwashed or kind of 302 00:16:39,480 --> 00:16:42,000 Speaker 1: you know, brainwash these people. And they even went in 303 00:16:42,120 --> 00:16:45,240 Speaker 1: further and they said how because of the education system 304 00:16:45,280 --> 00:16:48,080 Speaker 1: has been so dumbed down to teach you not to question, 305 00:16:48,200 --> 00:16:52,040 Speaker 1: not to think that it's easier than ever before to 306 00:16:52,240 --> 00:16:56,840 Speaker 1: actually use LP on the people and brainwash them. It's 307 00:16:57,080 --> 00:17:01,040 Speaker 1: insane how pervasive it is so here the Philadelphia area. 308 00:17:01,040 --> 00:17:02,800 Speaker 1: I've been watching like a lot of Phillies games and 309 00:17:03,200 --> 00:17:06,720 Speaker 1: it happens very nonchalantly, Like in the background, you have 310 00:17:06,800 --> 00:17:09,239 Speaker 1: the two announcers in the booth just talking about how 311 00:17:09,240 --> 00:17:12,000 Speaker 1: they got vaccinated and how they feel. They feel like liberated. 312 00:17:12,080 --> 00:17:14,600 Speaker 1: They're able actually to go live free because the backs 313 00:17:14,640 --> 00:17:18,520 Speaker 1: somehow magically enables them to do that. And in driving 314 00:17:18,520 --> 00:17:20,840 Speaker 1: in the city, if if you're not in your own car, 315 00:17:20,920 --> 00:17:22,840 Speaker 1: you're an uber, and the ubers listening to the radio 316 00:17:22,960 --> 00:17:24,919 Speaker 1: instead of what I would typically listen to it is 317 00:17:25,000 --> 00:17:27,240 Speaker 1: just my playlist on Spotify or something. And you have 318 00:17:27,960 --> 00:17:31,480 Speaker 1: literal commercials in the Philadelphia And I'm sure this is 319 00:17:31,520 --> 00:17:34,040 Speaker 1: in other areas too, but it blew my mind the 320 00:17:34,040 --> 00:17:37,000 Speaker 1: first time I heard it. Getting an Uber to my 321 00:17:37,040 --> 00:17:40,479 Speaker 1: brother's apartment from my wife's parents house in Philadelphia, and 322 00:17:40,560 --> 00:17:42,800 Speaker 1: the Uber driver was listening to the radio. It was 323 00:17:42,840 --> 00:17:45,040 Speaker 1: just a commercial wear Mass Sable Life, Wear a mass 324 00:17:45,080 --> 00:17:48,840 Speaker 1: Sable Life. In the In the course of a thirty 325 00:17:48,840 --> 00:17:52,280 Speaker 1: minute drive to the city, that commercial came on three 326 00:17:52,320 --> 00:17:57,160 Speaker 1: times and again that that that line where a mass 327 00:17:57,160 --> 00:17:59,840 Speaker 1: save a life, like if you say it enough, and 328 00:18:00,080 --> 00:18:02,520 Speaker 1: it begins to make people question, like if I don't 329 00:18:02,520 --> 00:18:05,159 Speaker 1: wear a mask and I causing people to die, and 330 00:18:05,200 --> 00:18:07,760 Speaker 1: so like they feel forced to do that to to 331 00:18:07,840 --> 00:18:12,680 Speaker 1: save their fellow man. And it's really scary how easy 332 00:18:12,680 --> 00:18:15,879 Speaker 1: it is to manipulate the masses. And we see, uh, 333 00:18:15,960 --> 00:18:18,840 Speaker 1: we see evidence that the people in media know this 334 00:18:18,920 --> 00:18:21,720 Speaker 1: and they leverage. Just specifically, Project Veritas had that that 335 00:18:21,880 --> 00:18:26,320 Speaker 1: expose on the CNN producer who basically admitted, like Jeff 336 00:18:26,400 --> 00:18:28,880 Speaker 1: Zucker would call us, so I'll never read the red 337 00:18:28,880 --> 00:18:31,720 Speaker 1: phone with the direct line to the president office. He's say, 338 00:18:31,720 --> 00:18:34,000 Speaker 1: put the death numbers back on the screen. We need 339 00:18:34,000 --> 00:18:36,520 Speaker 1: people to be free. People are turning away because you 340 00:18:36,520 --> 00:18:39,359 Speaker 1: don't have the death numbers on. They need that fear 341 00:18:39,400 --> 00:18:43,760 Speaker 1: inducing stat uh to draw their intention and to draw 342 00:18:43,800 --> 00:18:47,679 Speaker 1: them in. And then I'm actually very happy that Project 343 00:18:47,800 --> 00:18:50,840 Speaker 1: Veritas came out because it showed the playbook too. He's like, next, 344 00:18:50,880 --> 00:18:53,520 Speaker 1: when COVID dies down, we're going to go to climate change. 345 00:18:53,520 --> 00:18:57,720 Speaker 1: We're gonna start fearmongering over that. And it's disgusting that 346 00:18:57,840 --> 00:19:01,600 Speaker 1: they intentionally and some parts of the media, particularly the 347 00:19:01,600 --> 00:19:07,359 Speaker 1: mainstream media leverage fear and uncertainty to to drive a discussion. 348 00:19:07,440 --> 00:19:11,640 Speaker 1: It's all for advertising dollars and clicks and views. It's 349 00:19:11,680 --> 00:19:15,840 Speaker 1: a perverse incentive system that's been erected by the advertising 350 00:19:15,840 --> 00:19:20,720 Speaker 1: model of mainstream media particularly. Yeah. Well as back to 351 00:19:20,760 --> 00:19:23,760 Speaker 1: kind of marketing analogy like you mentioned kind of earlier, 352 00:19:23,800 --> 00:19:27,119 Speaker 1: like that that motivation of fear and like humans are 353 00:19:27,160 --> 00:19:30,160 Speaker 1: pretty basic. I mean we were motivated by one moving 354 00:19:30,200 --> 00:19:33,040 Speaker 1: away from pain and to moving towards pleasure, Like pain 355 00:19:33,040 --> 00:19:36,720 Speaker 1: and pleasure. I think I think fear pain is the 356 00:19:36,760 --> 00:19:41,160 Speaker 1: more powerful one than than the pleasure. But um switching 357 00:19:41,200 --> 00:19:44,720 Speaker 1: from a message of pain and despair too, maybe a 358 00:19:44,720 --> 00:19:49,040 Speaker 1: message of hope, you know. I similar two thousand eight, 359 00:19:49,080 --> 00:19:51,520 Speaker 1: it was a great financial crash rocked my world as well, 360 00:19:51,600 --> 00:19:54,359 Speaker 1: maybe a little bit older. And I had been a 361 00:19:54,400 --> 00:19:57,120 Speaker 1: real estate investor. I started eighteen. I've been a real 362 00:19:57,119 --> 00:19:59,240 Speaker 1: state investor for I don't know, almost ten years at 363 00:19:59,280 --> 00:20:01,560 Speaker 1: that point, and made a lot of money, sold a 364 00:20:01,600 --> 00:20:04,159 Speaker 1: couple of businesses. But I got wiped out, and uh, 365 00:20:05,600 --> 00:20:07,720 Speaker 1: I was like, what the heck is this financial casino? 366 00:20:07,840 --> 00:20:09,320 Speaker 1: Like I don't know anything about it? And I started 367 00:20:09,320 --> 00:20:11,520 Speaker 1: digging in and I became a gold bug, and I 368 00:20:11,560 --> 00:20:13,320 Speaker 1: was like, oh, we gotta fix the money. That's what 369 00:20:13,400 --> 00:20:16,840 Speaker 1: it is, right, we got a gold that's the way. Um. 370 00:20:16,880 --> 00:20:18,200 Speaker 1: It took me a couple of years to realize I 371 00:20:18,200 --> 00:20:21,320 Speaker 1: wasn't necessarily a goldbug. I was a sound money advocate. UM. 372 00:20:22,240 --> 00:20:25,760 Speaker 1: But UM, you know, I then became very disillusioned with 373 00:20:25,800 --> 00:20:28,640 Speaker 1: the system, like, I mean it's ruined, Like we need 374 00:20:28,680 --> 00:20:30,920 Speaker 1: to fix the system. And I've just kind of given 375 00:20:31,000 --> 00:20:33,520 Speaker 1: up on politics and all that. And it was about 376 00:20:34,200 --> 00:20:37,600 Speaker 1: um that I I finally went and took the plunge 377 00:20:37,600 --> 00:20:42,560 Speaker 1: into bitcoin. And uh it was like, hey, sorry to 378 00:20:42,560 --> 00:20:45,160 Speaker 1: interrupt this video just one more time. I'm not running 379 00:20:45,200 --> 00:20:47,679 Speaker 1: Google ads. So it's actually way less interruption than I 380 00:20:47,720 --> 00:20:49,879 Speaker 1: normally would have on a video. UM. And that's because 381 00:20:49,880 --> 00:20:53,359 Speaker 1: it's sponsored by block five. Um. They are opening up 382 00:20:53,400 --> 00:20:56,320 Speaker 1: the world of bitcoin and financial products offering to pay 383 00:20:56,359 --> 00:20:59,639 Speaker 1: you interest on your bitcoin. Um. Better than owning a 384 00:20:59,680 --> 00:21:01,760 Speaker 1: rental property that you have to manage and control and 385 00:21:01,800 --> 00:21:03,479 Speaker 1: have the risks. You can just earn interest on it 386 00:21:03,640 --> 00:21:06,439 Speaker 1: or you can leverage against it. Now, I plan to 387 00:21:06,600 --> 00:21:10,240 Speaker 1: hold my bitcoin forever and literally never sell my bitcoin. 388 00:21:10,280 --> 00:21:12,359 Speaker 1: So how do you do that? Well, if I need money. 389 00:21:12,480 --> 00:21:14,320 Speaker 1: I don't want to sell that bitcoin. I'm gonna pay 390 00:21:14,320 --> 00:21:16,240 Speaker 1: tax on it, all right, I'm gonna end up with 391 00:21:16,320 --> 00:21:18,840 Speaker 1: less and I don't have the bitcoin anymore. So a 392 00:21:18,880 --> 00:21:21,480 Speaker 1: better way to do it is to borrow against the bitcoin. 393 00:21:21,720 --> 00:21:23,879 Speaker 1: So I've put all my money into bitcoin. If I 394 00:21:23,880 --> 00:21:25,520 Speaker 1: want to buy a car, or I want to buy 395 00:21:25,520 --> 00:21:28,600 Speaker 1: a house, I can borrow against it at very very 396 00:21:28,640 --> 00:21:31,359 Speaker 1: low competitive rates. Get my house, get my car, whatever 397 00:21:31,359 --> 00:21:34,080 Speaker 1: that may be, and get to keep the bitcoin. I've 398 00:21:34,080 --> 00:21:36,399 Speaker 1: done a whole video on this. You can find it. 399 00:21:36,400 --> 00:21:38,359 Speaker 1: I'll link it down to the description below. How to 400 00:21:38,520 --> 00:21:40,880 Speaker 1: retire off a bitcoin without paying taxes, and you can 401 00:21:40,920 --> 00:21:43,399 Speaker 1: do that with block fight services. I'll link to the 402 00:21:43,480 --> 00:21:45,080 Speaker 1: video down below. I'm also going to put a link 403 00:21:45,119 --> 00:21:46,840 Speaker 1: to block Fight. If you choose to click on that 404 00:21:46,880 --> 00:21:48,480 Speaker 1: link to check them out. You can earn up to 405 00:21:48,440 --> 00:21:51,359 Speaker 1: two fifty dollars in free bitcoin just for using that link. 406 00:21:51,680 --> 00:21:53,240 Speaker 1: And that's it. Let's go ahead and get back to 407 00:21:53,320 --> 00:21:56,159 Speaker 1: the interview. Now we have a tool like now we 408 00:21:56,200 --> 00:21:58,920 Speaker 1: actually have something like now it's hope right like now, 409 00:21:59,240 --> 00:22:00,680 Speaker 1: now we have a fight and chance, and I'm a 410 00:22:00,720 --> 00:22:03,280 Speaker 1: Second Amendment supporter. I got a bunch of I'm not 411 00:22:03,280 --> 00:22:05,400 Speaker 1: gonna say it, but I don't ever want to use 412 00:22:05,440 --> 00:22:07,320 Speaker 1: those things. That's the last thing I want. And like, 413 00:22:07,400 --> 00:22:10,800 Speaker 1: realistically we don't stand a chance with those anyway. Um, 414 00:22:10,840 --> 00:22:12,880 Speaker 1: but now we have a tool, you know. And so 415 00:22:12,880 --> 00:22:14,280 Speaker 1: so there is a message of hope. And so I 416 00:22:14,280 --> 00:22:16,560 Speaker 1: want to kind of pivot into that because you got 417 00:22:16,560 --> 00:22:18,800 Speaker 1: me really motivated on the show that you had um 418 00:22:18,880 --> 00:22:22,040 Speaker 1: talking with Paul from Sphinx Chap and it just kind 419 00:22:22,040 --> 00:22:23,639 Speaker 1: of shifted my focus. And so I want to I 420 00:22:23,640 --> 00:22:27,760 Speaker 1: want to talk about that. And and and now another analogy. 421 00:22:27,840 --> 00:22:29,680 Speaker 1: I grew up raising dirt bikes, and like when you're 422 00:22:29,760 --> 00:22:31,640 Speaker 1: raising dirt bikes and in your hauling ass and I'm 423 00:22:31,640 --> 00:22:35,200 Speaker 1: broken every bone in my body, um, and like there's 424 00:22:35,240 --> 00:22:36,520 Speaker 1: like a rut that I need to hit. And there 425 00:22:36,600 --> 00:22:38,080 Speaker 1: might be a rock on this side and a rock 426 00:22:38,119 --> 00:22:39,800 Speaker 1: on this side, but I got to focus on the rud. 427 00:22:39,800 --> 00:22:42,240 Speaker 1: If I look at the rocks, I'm probably gonna hit them. 428 00:22:42,359 --> 00:22:44,960 Speaker 1: So you're like golf, right, like you look at the green, 429 00:22:45,000 --> 00:22:47,280 Speaker 1: not that, not the sand trap. And so I think 430 00:22:47,280 --> 00:22:49,600 Speaker 1: in life, we get very busy looking at all the 431 00:22:49,640 --> 00:22:52,160 Speaker 1: problems and all these things that we're afraid of when 432 00:22:52,160 --> 00:22:55,320 Speaker 1: we can't fix when I had the analogy listen to 433 00:22:55,359 --> 00:22:57,160 Speaker 1: that show, it's like, why not just focus on where 434 00:22:57,160 --> 00:22:59,520 Speaker 1: we want to go and how much more powerful it 435 00:22:59,560 --> 00:23:02,520 Speaker 1: is and so um, you know, and I'd like for 436 00:23:02,560 --> 00:23:04,439 Speaker 1: you to talk about this, and you're interviewing them all 437 00:23:04,440 --> 00:23:06,720 Speaker 1: the time. But like people are out there building a 438 00:23:06,760 --> 00:23:09,639 Speaker 1: parallel system. They're not living in fear, like they're just 439 00:23:09,760 --> 00:23:13,000 Speaker 1: out there doing it right. Yeah, No, that's the beauty 440 00:23:13,000 --> 00:23:15,320 Speaker 1: of bitquin right. It's an open source system, allows you 441 00:23:15,359 --> 00:23:17,679 Speaker 1: to build on it, to add to it, to build 442 00:23:17,720 --> 00:23:21,159 Speaker 1: products on top of it, to leverage it's ledger, to 443 00:23:21,240 --> 00:23:25,640 Speaker 1: anchor value into it two, anchor truth into it, right, 444 00:23:25,760 --> 00:23:29,639 Speaker 1: And you don't have to work within the parameters of 445 00:23:29,760 --> 00:23:33,159 Speaker 1: the traditional financial system, which have very specific rules and 446 00:23:33,160 --> 00:23:36,760 Speaker 1: are very constricting, and they've created very large regulatory and 447 00:23:36,920 --> 00:23:40,040 Speaker 1: compliance notes that make it impossible for for the little man, 448 00:23:40,240 --> 00:23:43,119 Speaker 1: the upstarter to to actually build and innovate. It's it's 449 00:23:43,160 --> 00:23:47,960 Speaker 1: a very uh like, it's very like insider's club, and 450 00:23:48,000 --> 00:23:49,200 Speaker 1: if you're not in it, you're not going to be 451 00:23:49,240 --> 00:23:51,639 Speaker 1: able to do anything to change that system. So Bitcoin 452 00:23:51,720 --> 00:23:54,960 Speaker 1: provides a system in which you can build in parallel 453 00:23:55,000 --> 00:23:58,960 Speaker 1: and build a competing financial system and arguably like a 454 00:23:59,760 --> 00:24:03,000 Speaker 1: syst them through which to coordinate economic activity. Maybe it's 455 00:24:03,000 --> 00:24:05,879 Speaker 1: not directly on chain, but you can settle everything in 456 00:24:05,920 --> 00:24:10,080 Speaker 1: bitcoin and that that leads to innovation like so which 457 00:24:10,119 --> 00:24:13,720 Speaker 1: is literally impossible within the traditional system. So, like Paul thinks, 458 00:24:14,200 --> 00:24:17,320 Speaker 1: they're leveraging bitcoin second layer, which is the lightning network, 459 00:24:17,400 --> 00:24:21,439 Speaker 1: to enable podcasters to monetize. So they're allowing people like 460 00:24:21,560 --> 00:24:25,560 Speaker 1: us to monetize without the traditional advertising model. We can 461 00:24:25,600 --> 00:24:28,320 Speaker 1: have our viewers engage in a value for value model 462 00:24:28,359 --> 00:24:31,440 Speaker 1: where they send us a few SATs per minute listen, 463 00:24:31,600 --> 00:24:35,320 Speaker 1: like fractions of a penny. But if we develop audiences 464 00:24:35,359 --> 00:24:39,280 Speaker 1: that like what we're putting out there, and they get 465 00:24:39,359 --> 00:24:41,040 Speaker 1: value out of the content that we're putting out of there, 466 00:24:41,080 --> 00:24:42,840 Speaker 1: and they want to send value back to us, it 467 00:24:42,840 --> 00:24:44,920 Speaker 1: could be very small amounts of value, but an aggregate 468 00:24:44,920 --> 00:24:47,399 Speaker 1: that it can be a material amount of bitcoin that 469 00:24:47,440 --> 00:24:50,399 Speaker 1: allows us to produce the content that we want to 470 00:24:50,440 --> 00:24:53,680 Speaker 1: produce without having to rely on advertisers or any other 471 00:24:53,680 --> 00:24:57,160 Speaker 1: type of monetization path. And so that's just one example 472 00:24:57,280 --> 00:25:00,160 Speaker 1: of something that's enabled by bitcoin that was never popped SMA. 473 00:25:00,160 --> 00:25:02,720 Speaker 1: When people are building like you can wanted to send 474 00:25:02,800 --> 00:25:06,040 Speaker 1: fractions of a penny per minute to a podcaster of 475 00:25:06,119 --> 00:25:09,080 Speaker 1: your liking. You literally could not do that using the 476 00:25:09,119 --> 00:25:12,359 Speaker 1: infrastructure that's been built out by Pisa or MasterCard. Yeah, 477 00:25:12,520 --> 00:25:16,880 Speaker 1: that's saying and if you're talking uncouth through your you're 478 00:25:17,119 --> 00:25:21,239 Speaker 1: speaking wrong. Think on your podcast. You can have these 479 00:25:21,240 --> 00:25:24,440 Speaker 1: people cut you off immediately at the knees, the payment providers, 480 00:25:24,480 --> 00:25:28,000 Speaker 1: and that's simply impossible. Pick when you can. Yeah, yeah, 481 00:25:28,119 --> 00:25:29,920 Speaker 1: we can see it's happening right now. With Joe Rogan, 482 00:25:29,960 --> 00:25:32,720 Speaker 1: it's back again. I mean, everyone's mad about something he said. 483 00:25:32,760 --> 00:25:35,000 Speaker 1: I don't even know what it was, but what was 484 00:25:35,119 --> 00:25:37,160 Speaker 1: it was something we touched on earlier. He basically said 485 00:25:37,440 --> 00:25:39,719 Speaker 1: something that should be common sense, is like, hey, if 486 00:25:39,720 --> 00:25:42,960 Speaker 1: you look at this, the statistics on the CDC website, 487 00:25:44,119 --> 00:25:47,639 Speaker 1: it is acidine that we're forcing children to wear a mask. 488 00:25:47,960 --> 00:25:50,200 Speaker 1: I mean, I don't think he was echoing with Tucker. 489 00:25:50,280 --> 00:25:52,440 Speaker 1: Carlson said specifically, I don't think he said it because 490 00:25:52,440 --> 00:25:55,119 Speaker 1: the Tucker and he actually recorded this episode before that 491 00:25:55,160 --> 00:25:58,280 Speaker 1: Tucker episode aired earlier this week. But he said, like 492 00:25:58,320 --> 00:26:00,520 Speaker 1: it's child abuse, Like these kids are not getting it 493 00:26:00,520 --> 00:26:03,720 Speaker 1: and they're not spreading it, like it's becoming uh evident. 494 00:26:03,800 --> 00:26:06,440 Speaker 1: And then if you're a young, healthy one year old, 495 00:26:07,880 --> 00:26:10,280 Speaker 1: why are you getting this experimental vaccine? Like you don't 496 00:26:10,320 --> 00:26:14,679 Speaker 1: need it, Like the the statistics show like even if 497 00:26:14,720 --> 00:26:17,600 Speaker 1: you're obese in your this particular age group, you're probably 498 00:26:17,600 --> 00:26:19,840 Speaker 1: not gonna die from me, like the risk of the 499 00:26:20,080 --> 00:26:22,960 Speaker 1: r R on taking an experimental MR and a vaccine, 500 00:26:23,000 --> 00:26:24,959 Speaker 1: it's probably not not worth it for you. Like if 501 00:26:24,960 --> 00:26:27,800 Speaker 1: you're gonna get COVID, chances are you're you're going to survive. 502 00:26:27,880 --> 00:26:31,399 Speaker 1: And people are jumping down his throat and again drives 503 00:26:31,440 --> 00:26:33,360 Speaker 1: back to fear. You know the people are and then 504 00:26:33,440 --> 00:26:36,800 Speaker 1: CNN and there's there's that death count up there um 505 00:26:36,880 --> 00:26:39,240 Speaker 1: and just whatever happened to people? Just like Hey, I 506 00:26:39,240 --> 00:26:41,280 Speaker 1: don't like what he's saying, Like let me just change 507 00:26:41,320 --> 00:26:47,840 Speaker 1: the channel. Well, like so that I mean with this particularly, 508 00:26:47,880 --> 00:26:50,160 Speaker 1: like I think there's a lot of people who don't 509 00:26:50,160 --> 00:26:52,520 Speaker 1: want to admit they've been jipped to a certain extent 510 00:26:52,920 --> 00:26:56,280 Speaker 1: OWDs the last year, like they sacrificed a lot. He 511 00:26:56,359 --> 00:26:59,479 Speaker 1: shut the economy. People stayed home from work, and they 512 00:26:59,480 --> 00:27:01,960 Speaker 1: stayed away from their families, They stayed away from meeting 513 00:27:01,960 --> 00:27:04,480 Speaker 1: with friends, they stayed away from living their lives for 514 00:27:04,520 --> 00:27:08,280 Speaker 1: a literal year and to hear somebody come out and 515 00:27:08,280 --> 00:27:10,679 Speaker 1: and say that, like it might be insane to to 516 00:27:10,720 --> 00:27:13,120 Speaker 1: force children to make the sacrifices we've been asking them. 517 00:27:13,119 --> 00:27:16,399 Speaker 1: To make me force young young adults to make those 518 00:27:16,760 --> 00:27:20,600 Speaker 1: sacrifices or experiment with this vaccine. Uh so people can 519 00:27:20,600 --> 00:27:24,480 Speaker 1: get back to normal. Uh. It makes people angry because 520 00:27:24,480 --> 00:27:26,679 Speaker 1: they're like, well did I get jiffed? Like, no, you 521 00:27:26,720 --> 00:27:28,240 Speaker 1: have to do this, Like we were told this is 522 00:27:28,240 --> 00:27:30,320 Speaker 1: the way it is, and is this way because I 523 00:27:30,359 --> 00:27:33,880 Speaker 1: made these sacrifices, Like my sacrifices weren't made invade. Yeah, 524 00:27:34,040 --> 00:27:38,359 Speaker 1: age that the expert class may have duped them. Yeah, 525 00:27:38,359 --> 00:27:40,600 Speaker 1: that's a good point. You know, I think a lot 526 00:27:40,680 --> 00:27:46,000 Speaker 1: of the angst that you see of people that are complying, um, 527 00:27:46,040 --> 00:27:48,080 Speaker 1: maybe they're not so mad at you because like you're 528 00:27:48,080 --> 00:27:49,920 Speaker 1: putting them in danger. They're mad at you because you're 529 00:27:49,920 --> 00:27:53,600 Speaker 1: not also complying. Um. But that's the whole thing about 530 00:27:53,600 --> 00:27:57,080 Speaker 1: like getting outside, getting that outside perspective and like changing 531 00:27:57,240 --> 00:28:01,760 Speaker 1: the worldview. But shifting back into that for a minute. Um, 532 00:28:01,840 --> 00:28:06,080 Speaker 1: you started talking about you know, um bitcoin and building 533 00:28:06,119 --> 00:28:09,040 Speaker 1: like this different monetary system, and before we're recording, you're 534 00:28:09,040 --> 00:28:11,480 Speaker 1: talking about a conversation out with Parker where he was 535 00:28:11,480 --> 00:28:15,080 Speaker 1: talking about, you know, building building a platform that allows 536 00:28:15,160 --> 00:28:17,560 Speaker 1: people to go save the world, like he didn't want 537 00:28:17,560 --> 00:28:20,000 Speaker 1: to save it, but go give people the tools to 538 00:28:20,040 --> 00:28:23,000 Speaker 1: do that. Um. And then and then you said, you 539 00:28:23,000 --> 00:28:24,600 Speaker 1: know something that we repeated a lot which is then 540 00:28:24,880 --> 00:28:28,639 Speaker 1: fixed the money fixed the world. Uh, why don't you 541 00:28:28,640 --> 00:28:32,960 Speaker 1: go into that? Yeah again, I mean going back to 542 00:28:33,880 --> 00:28:36,280 Speaker 1: heart echo what I said earlier, like when you mess 543 00:28:36,359 --> 00:28:38,800 Speaker 1: up the pricing mechanism and the money that is used 544 00:28:38,840 --> 00:28:44,200 Speaker 1: to value to measure value throughout economy, you you distort 545 00:28:44,680 --> 00:28:49,040 Speaker 1: economic decisions, particularly capital allocation. And it's a good argument 546 00:28:49,080 --> 00:28:51,920 Speaker 1: to be made that because we the money by going 547 00:28:51,960 --> 00:28:57,040 Speaker 1: off of sound monetary standard and completely detaching ourselves in 548 00:28:57,920 --> 00:29:01,120 Speaker 1: one just putting money out enough ing pretending like there's 549 00:29:01,120 --> 00:29:03,440 Speaker 1: going to be no consequences, that you have a mass 550 00:29:03,520 --> 00:29:08,240 Speaker 1: misallocation of capital. The opportunity costs simply aren't as high 551 00:29:08,280 --> 00:29:11,560 Speaker 1: as they arguably should be when you're making these economic decisions. 552 00:29:11,560 --> 00:29:16,240 Speaker 1: So when you have a sound monetary system, sound sound 553 00:29:16,240 --> 00:29:18,560 Speaker 1: money ary good in the form of bitcoin, like you, 554 00:29:18,560 --> 00:29:23,280 Speaker 1: you increase the opportunity cost of misallocating capital inappropriately. So 555 00:29:23,520 --> 00:29:26,360 Speaker 1: the housing market is a perfect example, like the mass 556 00:29:26,440 --> 00:29:31,160 Speaker 1: misallocation of capital that went on in the housing market 557 00:29:31,240 --> 00:29:34,680 Speaker 1: leading up to OA and arguably now again in modern 558 00:29:34,760 --> 00:29:38,720 Speaker 1: day and today in one like is being induced by 559 00:29:38,840 --> 00:29:42,840 Speaker 1: low interest rate environment and like a seek for a 560 00:29:42,880 --> 00:29:46,280 Speaker 1: search for yield because people can't preserve purchasing power over time, 561 00:29:46,320 --> 00:29:49,239 Speaker 1: it's just putting dollars in a savings account. And then 562 00:29:49,320 --> 00:29:53,040 Speaker 1: there's arguably a massive misallocation of capital and shale industry. 563 00:29:53,040 --> 00:29:55,840 Speaker 1: I'm very intimately aware of the problems that the shale 564 00:29:55,840 --> 00:29:58,760 Speaker 1: industry has had over the last decade as well. They've 565 00:29:58,880 --> 00:30:00,960 Speaker 1: had a lot of access to capital. They drilled a 566 00:30:00,960 --> 00:30:03,080 Speaker 1: lot of more wells than maybe they probably should have. 567 00:30:03,240 --> 00:30:09,680 Speaker 1: They've they've spending excume extending themselves, they've spread themselves very thin. 568 00:30:09,800 --> 00:30:12,720 Speaker 1: And last year in March, when we had one economic hiccup, 569 00:30:12,840 --> 00:30:15,640 Speaker 1: you saw like a collapse in in the industry. And 570 00:30:15,760 --> 00:30:17,800 Speaker 1: over the last twelve months we've seen insane amount of 571 00:30:17,800 --> 00:30:21,880 Speaker 1: mergers and acquisitions, bankruptcies, and this is because capital was 572 00:30:21,920 --> 00:30:24,680 Speaker 1: allocated that maybe shouldn't have been and probably wouldn't have 573 00:30:24,720 --> 00:30:28,920 Speaker 1: been if we lived under a sound monetary system. And 574 00:30:28,960 --> 00:30:30,960 Speaker 1: so fix the money, fix the worlds you need to 575 00:30:30,960 --> 00:30:34,560 Speaker 1: fix the pricing mechanism predictingly, the pricing of opportunity costs 576 00:30:34,600 --> 00:30:37,479 Speaker 1: that exists when you make these economic decisions, these capital 577 00:30:37,520 --> 00:30:44,600 Speaker 1: allocation systems to efficiently allocate capital, efficiently allocate capital. It's 578 00:30:44,600 --> 00:30:46,520 Speaker 1: such a big concept, that's I think it's hard for 579 00:30:46,560 --> 00:30:48,840 Speaker 1: most people to really grasp. Like you talk about like 580 00:30:49,000 --> 00:30:53,560 Speaker 1: pricing and they just kind of Okay, that's about money, right, 581 00:30:53,600 --> 00:30:56,560 Speaker 1: But it's like no, it affects every area of life. 582 00:30:56,600 --> 00:31:00,120 Speaker 1: And um, the website you know, wtf happened in one 583 00:31:00,200 --> 00:31:02,360 Speaker 1: is like perfect. It shows you every area of life 584 00:31:02,440 --> 00:31:07,720 Speaker 1: that's been affected by by that pricing allocation or misallocation. Um. 585 00:31:07,760 --> 00:31:10,120 Speaker 1: But you you talked about like the shell oil boom. 586 00:31:10,120 --> 00:31:12,160 Speaker 1: I got caught in that boom that or the bust. 587 00:31:12,200 --> 00:31:16,000 Speaker 1: I should say that that sucked. Um. But in regards 588 00:31:16,040 --> 00:31:19,440 Speaker 1: to that, then we even take a look at you know, um, 589 00:31:19,480 --> 00:31:23,000 Speaker 1: maybe the shift of fear from you know, being sick. 590 00:31:23,080 --> 00:31:25,840 Speaker 1: We'll call it that, right, fear of being sick too now, 591 00:31:26,000 --> 00:31:28,080 Speaker 1: fear of like the whole world's gonna die, right, climate 592 00:31:28,160 --> 00:31:30,680 Speaker 1: change or climate emergency now or whatever that may be. 593 00:31:31,400 --> 00:31:33,640 Speaker 1: And I think when you start even looking at those 594 00:31:33,640 --> 00:31:36,680 Speaker 1: types of policies, which is interesting enough to FED. Now 595 00:31:36,920 --> 00:31:40,600 Speaker 1: apparently they're going to fix the climate with money. Um, 596 00:31:40,640 --> 00:31:46,240 Speaker 1: but really it's the money to gender gender, gender and 597 00:31:46,360 --> 00:31:51,480 Speaker 1: racial inequality and uh and and the climate. But um, 598 00:31:51,560 --> 00:31:53,680 Speaker 1: when you fix the money, you even fix those things, right. 599 00:31:53,720 --> 00:31:55,800 Speaker 1: And I was having a conversation with Jeff booth Um 600 00:31:55,840 --> 00:31:57,640 Speaker 1: I think earlier this week, and he was talking about 601 00:31:57,640 --> 00:32:01,400 Speaker 1: how like the FED policy actually hurts the environment because 602 00:32:01,400 --> 00:32:05,239 Speaker 1: it forces like creates this consumption you know, model and 603 00:32:05,280 --> 00:32:09,320 Speaker 1: growth at all costs, and like that's a much bigger problem. Yeah. 604 00:32:09,440 --> 00:32:12,360 Speaker 1: And again like if you're misallocating capital, your misallocating capital 605 00:32:12,400 --> 00:32:16,160 Speaker 1: towards things that are going to take energy to be produced, right, 606 00:32:16,480 --> 00:32:19,360 Speaker 1: So like there's so many layers to it, right, like 607 00:32:19,400 --> 00:32:20,840 Speaker 1: fix the money, fix the world. So it fix this 608 00:32:20,880 --> 00:32:25,000 Speaker 1: capital allocation. And then like it literally helps capital preservation 609 00:32:25,120 --> 00:32:28,520 Speaker 1: and accumulation, which is important for the individual and family 610 00:32:28,520 --> 00:32:30,640 Speaker 1: balance sheets. So that's massive. And like in terms of 611 00:32:31,360 --> 00:32:35,080 Speaker 1: the misallocation of capital enabled by the fiab on atterary system, yes, 612 00:32:35,160 --> 00:32:39,320 Speaker 1: like enables more energy to be converted into electricity and 613 00:32:39,360 --> 00:32:42,840 Speaker 1: otherwise would have been if the opportunity cost for particular 614 00:32:42,920 --> 00:32:46,120 Speaker 1: endeavors like making plastic trinkets that people buy a dollar stores. 615 00:32:46,720 --> 00:32:49,880 Speaker 1: Maybe even people don't see a reason to invest in 616 00:32:49,880 --> 00:32:52,680 Speaker 1: those in the future, so you use less patrolling products 617 00:32:52,680 --> 00:32:57,560 Speaker 1: to build those little plastic trinkets, and maybe you allocate 618 00:32:57,560 --> 00:32:59,880 Speaker 1: your capital builds something that will last a hundred years, 619 00:32:59,880 --> 00:33:01,600 Speaker 1: so don't have to keep replenishing. Like look at the 620 00:33:02,240 --> 00:33:05,000 Speaker 1: look at this suburban explosion that we've seen over the 621 00:33:05,040 --> 00:33:07,400 Speaker 1: last thirty years, Like these are all houses that are 622 00:33:07,400 --> 00:33:10,880 Speaker 1: literally built with ship that is only meant to last 623 00:33:11,280 --> 00:33:13,520 Speaker 1: the life of a thirty year mortgage. I'm sitting in 624 00:33:13,600 --> 00:33:16,800 Speaker 1: one of them right now, like here in the Jersey Shore. 625 00:33:16,840 --> 00:33:19,360 Speaker 1: Like it's a bunch of cookie cutter plastic houses that 626 00:33:19,440 --> 00:33:21,680 Speaker 1: were thrown up in haste because people are chasing this 627 00:33:21,800 --> 00:33:24,080 Speaker 1: real estate market because they need to store value, because 628 00:33:24,080 --> 00:33:27,520 Speaker 1: they can't store value in their native currency, and so 629 00:33:27,520 --> 00:33:29,520 Speaker 1: they have to store value in these properties that are 630 00:33:29,560 --> 00:33:33,720 Speaker 1: seen as uh more valuable than others and in better 631 00:33:33,760 --> 00:33:37,200 Speaker 1: places than others. And so real estate and isn't is 632 00:33:37,280 --> 00:33:39,480 Speaker 1: an example of something that should be a consumption good, 633 00:33:39,480 --> 00:33:42,719 Speaker 1: and the price is arguably extremely inflated because people are 634 00:33:42,800 --> 00:33:46,680 Speaker 1: using it as a store of value, and the people 635 00:33:46,680 --> 00:33:49,800 Speaker 1: are building the houses don't care to build a house 636 00:33:49,800 --> 00:33:51,880 Speaker 1: at the last a hundred years. They only need a 637 00:33:51,880 --> 00:33:53,840 Speaker 1: house at the last thirty years, so they can actually 638 00:33:53,960 --> 00:33:55,720 Speaker 1: build it and sell it to people are looking to 639 00:33:55,760 --> 00:33:59,120 Speaker 1: store value in it. It's it's very weird, it's very perverse, right, 640 00:34:00,080 --> 00:34:02,719 Speaker 1: using this as a store of value, and it's actually 641 00:34:03,280 --> 00:34:05,800 Speaker 1: not even gonna be able to stand up without a 642 00:34:05,840 --> 00:34:11,480 Speaker 1: complete remodel, remake, structural rebuild within thirty years. It's and again, 643 00:34:11,600 --> 00:34:14,480 Speaker 1: that's a lot of things that probably wouldn't be built, 644 00:34:14,520 --> 00:34:16,960 Speaker 1: materials that wouldn't have been used if we were a 645 00:34:17,640 --> 00:34:20,680 Speaker 1: monetary system. Yeah, I mean that's a great example. And 646 00:34:20,760 --> 00:34:22,880 Speaker 1: we were talking earlier about you know, going to surfing 647 00:34:22,960 --> 00:34:24,920 Speaker 1: in some third world countries and stuff. I like to 648 00:34:24,920 --> 00:34:26,960 Speaker 1: go to some pretty remote places. Spend a lot of 649 00:34:27,000 --> 00:34:28,880 Speaker 1: time in Mexico and Central America. And when you go 650 00:34:29,000 --> 00:34:33,760 Speaker 1: down there, they fix everything, like, they don't throw away anything. 651 00:34:33,800 --> 00:34:36,520 Speaker 1: They they're like the most ingenious people that they can 652 00:34:36,560 --> 00:34:40,320 Speaker 1: fix anything and um. But but you know, they don't 653 00:34:40,320 --> 00:34:42,600 Speaker 1: have the benefit of this fake fiat money system. I 654 00:34:42,600 --> 00:34:44,360 Speaker 1: mean obviously they're on one, but not you know, the 655 00:34:44,360 --> 00:34:47,560 Speaker 1: real world reserve currency, and so there there's you know, 656 00:34:47,600 --> 00:34:50,400 Speaker 1: their economies run differently, and so those people are forced 657 00:34:50,440 --> 00:34:52,960 Speaker 1: not to be on this consumption right there, more on 658 00:34:53,040 --> 00:34:55,799 Speaker 1: the saving model UM and they fix everything, whereas you know, 659 00:34:55,920 --> 00:34:57,480 Speaker 1: back to you know America, it's like we just throw 660 00:34:57,480 --> 00:35:01,200 Speaker 1: everything away. Yeah, even even we went we were going 661 00:35:01,239 --> 00:35:03,000 Speaker 1: down on a surf trip and we were driving and 662 00:35:03,520 --> 00:35:06,680 Speaker 1: we're in Mexico and my friends truck broke down and 663 00:35:07,000 --> 00:35:09,399 Speaker 1: his starter had gone out, and he went and we 664 00:35:09,400 --> 00:35:11,200 Speaker 1: we towed it over to the shop and and they 665 00:35:11,280 --> 00:35:14,360 Speaker 1: rebuilt the starter. Like in America, they would never rebuild 666 00:35:14,360 --> 00:35:18,719 Speaker 1: a starter, they would just replace it. Right. It's extremely wasteful, right, 667 00:35:18,840 --> 00:35:24,160 Speaker 1: Like the whole energy debate really grinds my gears, the 668 00:35:24,239 --> 00:35:28,920 Speaker 1: energy as deics to climate emergency people forcing this narrative 669 00:35:30,239 --> 00:35:34,920 Speaker 1: on to the populace and again leveraging fear. Amberg, Yeah, 670 00:35:35,160 --> 00:35:38,000 Speaker 1: the world's gonna be under the oceans in twelve years, 671 00:35:38,320 --> 00:35:40,440 Speaker 1: or Gretty, you said that when you're sixty, When you're 672 00:35:40,440 --> 00:35:42,839 Speaker 1: twenty eight, I'm gonna call you and say, hey, well 673 00:35:42,880 --> 00:35:44,560 Speaker 1: they've all said it. Al Gore has been saying it 674 00:35:44,560 --> 00:35:47,040 Speaker 1: since like two thousand nine. Well that's another thing, Like 675 00:35:47,920 --> 00:35:52,399 Speaker 1: I forget the gentleman's name, but he was president Obama's 676 00:35:52,480 --> 00:35:56,879 Speaker 1: lead science advisor. He said that by the year one, 677 00:35:57,000 --> 00:36:00,520 Speaker 1: this year, there would be a billion climb it related 678 00:36:00,600 --> 00:36:04,359 Speaker 1: deaths due to climate change, and that's what they were 679 00:36:04,360 --> 00:36:07,440 Speaker 1: calling a climate change. Over the course of that thirty 680 00:36:07,440 --> 00:36:13,520 Speaker 1: six year period, climate related death fell by like literally 681 00:36:14,000 --> 00:36:18,600 Speaker 1: I become completely alex Epstein pilled. We we use these energies, 682 00:36:18,680 --> 00:36:20,600 Speaker 1: like the more electricity that we're using, the better off 683 00:36:20,680 --> 00:36:24,600 Speaker 1: humans are. The lower you drive the costs of electricity, 684 00:36:24,640 --> 00:36:27,040 Speaker 1: the more humans will flourish. And I think that's the message. 685 00:36:27,080 --> 00:36:29,560 Speaker 1: We need to start permugating. We need more electricity, we 686 00:36:29,600 --> 00:36:33,000 Speaker 1: need to use more energy. Of course, we should eliminate 687 00:36:33,040 --> 00:36:35,799 Speaker 1: waste and be as efficient as possible, which is like 688 00:36:35,880 --> 00:36:37,920 Speaker 1: where I think we help out a great American mining 689 00:36:38,719 --> 00:36:42,400 Speaker 1: by particularly using gas would otherwise be flared as a 690 00:36:42,480 --> 00:36:45,600 Speaker 1: way to create electricity, to to mind bitcoin, to create 691 00:36:45,600 --> 00:36:50,439 Speaker 1: positive economic value for producers and just the economy at large. Um. 692 00:36:50,560 --> 00:36:53,760 Speaker 1: But yeah, there again, there's a mass psychosis. There's people 693 00:36:54,480 --> 00:36:59,560 Speaker 1: driving narratives that find a no no base in logic 694 00:36:59,680 --> 00:37:04,080 Speaker 1: where reality and people are catching it hook line and 695 00:37:04,120 --> 00:37:07,080 Speaker 1: sinker because they have that amygdala that is that is 696 00:37:07,400 --> 00:37:10,680 Speaker 1: designed to react to fear, right, Yeah, I know you 697 00:37:10,760 --> 00:37:15,520 Speaker 1: want to just hopeful, but I can't like about to 698 00:37:15,920 --> 00:37:17,920 Speaker 1: dig into that energy thing that you just brought up. 699 00:37:17,920 --> 00:37:20,680 Speaker 1: That's a that's a good point to talk about. Um. 700 00:37:20,840 --> 00:37:23,480 Speaker 1: The first thing is, though, it's crazy because like everyone 701 00:37:24,120 --> 00:37:25,959 Speaker 1: I guess right, nobody wants to put the hard work 702 00:37:26,000 --> 00:37:28,000 Speaker 1: of like diet and exercise. I just want the magic 703 00:37:28,000 --> 00:37:30,120 Speaker 1: pill to lose weight. And I guess maybe the same 704 00:37:30,160 --> 00:37:31,719 Speaker 1: way with their education, Like I just want to read 705 00:37:31,760 --> 00:37:33,279 Speaker 1: a headline and I won't even bother to read the 706 00:37:33,320 --> 00:37:35,640 Speaker 1: article kind of thing or even think about it. So 707 00:37:35,840 --> 00:37:38,399 Speaker 1: like everyone's like repeating these headlines but without even it's 708 00:37:38,440 --> 00:37:40,680 Speaker 1: like stopping to think about it. A couple of things 709 00:37:40,719 --> 00:37:43,319 Speaker 1: about that it is crazy. So first of like if 710 00:37:43,360 --> 00:37:46,799 Speaker 1: if bitcoin waste energy, well what's a waste? Like one 711 00:37:46,800 --> 00:37:50,319 Speaker 1: man's trash is another men's treasure, isn't it Like there's 712 00:37:50,320 --> 00:37:52,520 Speaker 1: a bunch of like all that time consumed on TikTok, 713 00:37:52,520 --> 00:37:54,759 Speaker 1: how much energy is that wasting? Right or whatever? The 714 00:37:54,760 --> 00:37:56,520 Speaker 1: other thing that the other thing that's crazy is they 715 00:37:56,560 --> 00:37:59,319 Speaker 1: talk about you know, let's say that if if all 716 00:37:59,360 --> 00:38:02,480 Speaker 1: this is true and the climate does go up by 717 00:38:02,480 --> 00:38:04,279 Speaker 1: one point five degrees, what the goal is to get 718 00:38:04,280 --> 00:38:06,000 Speaker 1: it down by one point five. Let's say they don't 719 00:38:06,040 --> 00:38:07,319 Speaker 1: achieve that goal, so it doesn't go down by one 720 00:38:07,360 --> 00:38:11,719 Speaker 1: point five. Okay, Like I live in southern California. It's 721 00:38:11,719 --> 00:38:13,839 Speaker 1: the desert in Arizona. It's a hundred and twenty five 722 00:38:13,840 --> 00:38:17,120 Speaker 1: degrees in the summer. They created air conditioning. But but 723 00:38:17,200 --> 00:38:19,400 Speaker 1: the but the craziest part is those same people are 724 00:38:19,400 --> 00:38:23,040 Speaker 1: talking about how we're gonna go colonize Mars, which is 725 00:38:23,040 --> 00:38:29,239 Speaker 1: completely inhabitable, uninhabitable. Yeah, it's no, there's no basis in 726 00:38:29,280 --> 00:38:32,680 Speaker 1: reality or logic. Yeah, I'm sitting here. I'd skin in 727 00:38:32,719 --> 00:38:35,080 Speaker 1: the game. I live on a barrier island right now. 728 00:38:35,200 --> 00:38:38,439 Speaker 1: It's literally in the the ocean, this island in the bay. 729 00:38:38,520 --> 00:38:41,240 Speaker 1: That's all that's between here and the mainland southern New Jersey. 730 00:38:41,640 --> 00:38:44,600 Speaker 1: I've lived on this island my whole life. In the summers, 731 00:38:44,600 --> 00:38:48,799 Speaker 1: particularly if anywhere is going to like fall underwater, would 732 00:38:48,800 --> 00:38:52,000 Speaker 1: be this island. And yes, the island has experienced more 733 00:38:52,040 --> 00:38:53,960 Speaker 1: floods over the course of my life, but that's not 734 00:38:54,040 --> 00:38:57,879 Speaker 1: because of rising sea levels. It's because being ripped out 735 00:38:57,880 --> 00:39:00,839 Speaker 1: all the trees for the shitty houses and literally can't 736 00:39:00,840 --> 00:39:05,120 Speaker 1: absorb the water. And it is so Another example I'd 737 00:39:05,120 --> 00:39:08,880 Speaker 1: like to use is particularly bit like so bitcoin mining 738 00:39:08,920 --> 00:39:12,160 Speaker 1: industry gets picked on for one reason or another. Again, 739 00:39:12,200 --> 00:39:15,040 Speaker 1: like you mentioned why, why are people saying that bitcoin 740 00:39:15,160 --> 00:39:20,279 Speaker 1: miners converting energy into electricity as a waste. We'll get 741 00:39:20,280 --> 00:39:23,640 Speaker 1: into why or their justification for that statement in a 742 00:39:23,680 --> 00:39:28,040 Speaker 1: little bit. But there was a woman two months ago 743 00:39:28,200 --> 00:39:33,320 Speaker 1: in California posted a tweet with four pictures of bitcoin 744 00:39:33,440 --> 00:39:37,560 Speaker 1: mining warehouses. And you do the research to find out 745 00:39:37,560 --> 00:39:40,160 Speaker 1: where the mining warehouses is. I believe one was in Kazakhstan, 746 00:39:40,680 --> 00:39:42,919 Speaker 1: one was in China, one was in like upstate, New York, 747 00:39:42,960 --> 00:39:45,640 Speaker 1: and another somewhere else in the United States, not in California. 748 00:39:46,000 --> 00:39:49,719 Speaker 1: So she posted those four pictures of bitcoin mining warehouses 749 00:39:49,760 --> 00:39:52,240 Speaker 1: and she said, look at this, like all these bitcoin 750 00:39:52,280 --> 00:39:57,640 Speaker 1: miners are using all this electricity. Meanwhile here in California 751 00:39:57,680 --> 00:40:01,640 Speaker 1: were having rolling blackouts and brown outs, basically trying to 752 00:40:01,680 --> 00:40:06,560 Speaker 1: say that the energy being converted to electricity by the 753 00:40:06,600 --> 00:40:10,319 Speaker 1: bitcoin mining warehouses and completely different parts of the world, 754 00:40:10,480 --> 00:40:13,440 Speaker 1: nowhere near connected to the California energy grid, were the 755 00:40:13,520 --> 00:40:17,520 Speaker 1: cause for those rolling blackouts and brownouts in California, when 756 00:40:17,560 --> 00:40:20,320 Speaker 1: in fact the real cause. And I'm sure you're intimately 757 00:40:20,360 --> 00:40:22,920 Speaker 1: aware of this since you're from California. Is they decommission 758 00:40:23,040 --> 00:40:27,200 Speaker 1: natural gas and nuclear power plants without replenishing the power generation? 759 00:40:27,239 --> 00:40:30,200 Speaker 1: Like people literally don't understand how grids work or how 760 00:40:30,239 --> 00:40:33,640 Speaker 1: powers generate, or how delivered to individuals and why it's support. 761 00:40:33,719 --> 00:40:36,840 Speaker 1: And they literally just want to see the headline. Bitcoin 762 00:40:36,960 --> 00:40:40,160 Speaker 1: miners are using a lot of energy. They see that, 763 00:40:40,239 --> 00:40:42,760 Speaker 1: they say, hey, we're having blackouts here because the bitcoin 764 00:40:42,840 --> 00:40:46,480 Speaker 1: miner has no basis in reality or logic. Yet people 765 00:40:46,560 --> 00:40:49,880 Speaker 1: run with it. They are able to get fear clicks 766 00:40:49,920 --> 00:40:53,400 Speaker 1: and virtue signal clicks and quote retweets and all that, 767 00:40:53,480 --> 00:40:57,640 Speaker 1: and and somehow bitcoin gets demonized. Yeah, to to that point, 768 00:40:57,680 --> 00:41:01,399 Speaker 1: I know that intimately because how actually September of last year, 769 00:41:02,040 --> 00:41:04,120 Speaker 1: I was actually down in Mexico on a surf trip 770 00:41:04,160 --> 00:41:07,759 Speaker 1: down in Porto Escondido, and uh, there's like one paper 771 00:41:07,840 --> 00:41:09,920 Speaker 1: road the most through town. It's mostly all dirt roads. 772 00:41:10,280 --> 00:41:12,920 Speaker 1: And uh, and at home in California, they were having 773 00:41:13,000 --> 00:41:16,040 Speaker 1: the rolling blackouts. As you said, Yeah, no, it is asinine, right, 774 00:41:16,040 --> 00:41:18,840 Speaker 1: because they're they're there again. We saw it in Texas 775 00:41:18,840 --> 00:41:23,000 Speaker 1: this year. It's dangerous. Mark, Like I again, like you said, 776 00:41:22,440 --> 00:41:26,000 Speaker 1: you can before we started recording. You can feel me, 777 00:41:26,560 --> 00:41:28,880 Speaker 1: you said, you can notice that I'm getting more outspoken 778 00:41:28,920 --> 00:41:31,120 Speaker 1: against because I think it's imperative, right these people, if 779 00:41:31,160 --> 00:41:34,160 Speaker 1: they get their way, it is gonna be terrible for humanity. 780 00:41:34,200 --> 00:41:37,600 Speaker 1: They're pushing us towards unreliable energy resources and wind and 781 00:41:37,600 --> 00:41:40,600 Speaker 1: solar particularly, And I don't think these people actually care 782 00:41:40,640 --> 00:41:43,160 Speaker 1: about renewable energy. I think they want control, and I 783 00:41:43,160 --> 00:41:45,839 Speaker 1: think they want us to use less electricity and less 784 00:41:45,920 --> 00:41:49,960 Speaker 1: energy because he has some weird, like hippie mindset that 785 00:41:49,960 --> 00:41:52,480 Speaker 1: that we need to protect mother Earth and like just 786 00:41:52,560 --> 00:41:55,200 Speaker 1: live off the land, which is not gonna happen many more. 787 00:41:55,520 --> 00:41:57,919 Speaker 1: Nature is a vicious bitch and she will kill all 788 00:41:57,960 --> 00:41:59,800 Speaker 1: of us if we revert to that type of living. 789 00:42:00,200 --> 00:42:02,520 Speaker 1: And they're pushing us towards these unreliable sources and like, 790 00:42:02,960 --> 00:42:05,120 Speaker 1: and again, the reason why I think it's evil and 791 00:42:05,120 --> 00:42:07,920 Speaker 1: they actually don't care about renewable energy, it's very anti 792 00:42:08,000 --> 00:42:11,000 Speaker 1: human is because they don't advocate for nuclear, which is 793 00:42:11,040 --> 00:42:14,360 Speaker 1: like the cleanest, most energy debt energy source that you 794 00:42:14,400 --> 00:42:17,759 Speaker 1: have on there. The decommit, their decommission, the power plants 795 00:42:17,800 --> 00:42:20,560 Speaker 1: all across the country, and what is really fucked up 796 00:42:20,560 --> 00:42:23,120 Speaker 1: about all this is that it affects the poor the worst. 797 00:42:23,200 --> 00:42:26,840 Speaker 1: You you raise electricity prices and it affects the poor 798 00:42:26,920 --> 00:42:29,799 Speaker 1: the most aggressively rich people, it's gonna suck. They're going 799 00:42:29,880 --> 00:42:31,640 Speaker 1: to pay more for electricity, but they will be fine. 800 00:42:31,760 --> 00:42:35,360 Speaker 1: Their lives are not going to change that materially, but 801 00:42:35,400 --> 00:42:38,839 Speaker 1: the poor people is going to change. It's literally like 802 00:42:38,880 --> 00:42:43,560 Speaker 1: a racist, anti poor person policy. Uh yeah, And it's 803 00:42:43,600 --> 00:42:45,759 Speaker 1: coming from people who act like they want to save 804 00:42:45,800 --> 00:42:49,799 Speaker 1: the world and I want to uplift the struggling common man, 805 00:42:49,920 --> 00:42:54,640 Speaker 1: and it's complete bullshit. Yeah, I want to I want 806 00:42:54,680 --> 00:42:55,840 Speaker 1: to go back to a little bit of a message 807 00:42:55,840 --> 00:42:58,120 Speaker 1: of hope and talk about how bitcoin is actually good 808 00:42:58,200 --> 00:43:00,439 Speaker 1: for the environment as opposed to the bad. But before 809 00:43:00,440 --> 00:43:04,120 Speaker 1: I do, I want to make one more um, you know, 810 00:43:04,200 --> 00:43:06,319 Speaker 1: to that point in that video that I made talking 811 00:43:06,320 --> 00:43:10,720 Speaker 1: about that policy. I talked about I have a problem 812 00:43:10,719 --> 00:43:12,759 Speaker 1: that everyone has this very rigid thinking and they don't 813 00:43:12,800 --> 00:43:16,759 Speaker 1: consider that everything is a tradeoff everything, And so I 814 00:43:16,840 --> 00:43:19,680 Speaker 1: made the calculation that in order. So obviously when it's 815 00:43:19,719 --> 00:43:21,520 Speaker 1: solar only works for part of the day, right when 816 00:43:21,520 --> 00:43:23,960 Speaker 1: the sun's outer, when the winds blowing, so then you 817 00:43:24,000 --> 00:43:26,279 Speaker 1: have unreliable power. So then you have to be able 818 00:43:26,320 --> 00:43:27,920 Speaker 1: to store the power, right, so you have to have 819 00:43:27,960 --> 00:43:31,279 Speaker 1: some sort of batteries. Um, the largest battery manufacturing the 820 00:43:31,320 --> 00:43:33,600 Speaker 1: United States is the Giga Factory, and it would take 821 00:43:33,640 --> 00:43:35,560 Speaker 1: I believe the math I had worked out in the 822 00:43:35,640 --> 00:43:40,600 Speaker 1: video is five thousand years to make enough batteries to 823 00:43:40,640 --> 00:43:45,000 Speaker 1: store the energy for the ust for one day. And okay, 824 00:43:45,000 --> 00:43:47,480 Speaker 1: so that okay, So just that, okay, But then think 825 00:43:47,520 --> 00:43:52,040 Speaker 1: about this. What goes into the batteries rare earth minerals, elements, 826 00:43:52,080 --> 00:43:54,759 Speaker 1: Where do those come from from the ground? How do 827 00:43:54,800 --> 00:43:59,239 Speaker 1: they get them from mining? And it's been whatever it 828 00:43:59,280 --> 00:44:01,160 Speaker 1: is six eight since I made the videos. I don't remember, 829 00:44:01,200 --> 00:44:03,080 Speaker 1: not off top of my head. But they had to 830 00:44:03,120 --> 00:44:06,520 Speaker 1: turn over tons of ground to get enough minerals for 831 00:44:06,560 --> 00:44:08,839 Speaker 1: one battery, so like they would literally have to like 832 00:44:08,880 --> 00:44:11,279 Speaker 1: dig up half the world, and most of it's in 833 00:44:11,320 --> 00:44:14,080 Speaker 1: the Amazon. That's that's why most of the Amazon is 834 00:44:14,120 --> 00:44:15,880 Speaker 1: burning because they're trying to get the minerals. So you 835 00:44:15,920 --> 00:44:18,360 Speaker 1: have to dig up like half the world, turn it 836 00:44:18,440 --> 00:44:21,520 Speaker 1: over with tractors and diesel and child labor and all 837 00:44:21,560 --> 00:44:24,759 Speaker 1: that to get to get the minerals for the batteries. 838 00:44:25,880 --> 00:44:28,080 Speaker 1: That's the trade off. Like does that sound like a 839 00:44:28,080 --> 00:44:30,560 Speaker 1: worthwhile trade off? And like you just have to understand 840 00:44:30,600 --> 00:44:32,800 Speaker 1: those things. And that's just for the batteries. If you 841 00:44:33,000 --> 00:44:35,000 Speaker 1: you want to create the solar panels, like you have 842 00:44:35,080 --> 00:44:37,239 Speaker 1: to burn and clean amount of cold to get like 843 00:44:37,280 --> 00:44:39,719 Speaker 1: you literally have to burn cold because nothing else gets 844 00:44:39,719 --> 00:44:43,560 Speaker 1: hot enough to create the materials necessary to create the 845 00:44:43,560 --> 00:44:47,319 Speaker 1: panels for solar specifically, and like this is this is 846 00:44:47,360 --> 00:44:50,760 Speaker 1: the problem. Like I'm not like I'm all for electricity generation, 847 00:44:50,840 --> 00:44:52,200 Speaker 1: Like if if we figure out a way to do 848 00:44:52,239 --> 00:44:55,200 Speaker 1: wind and solar, I'm all for it. Like I'm not 849 00:44:55,600 --> 00:44:58,799 Speaker 1: bi wind and solar. I'm just like I'm anti the 850 00:44:58,840 --> 00:45:01,400 Speaker 1: fact that they're unreliable and the tradeoffs like you just 851 00:45:01,480 --> 00:45:05,560 Speaker 1: mentioned are not are not articulated up front. The argument 852 00:45:05,560 --> 00:45:08,919 Speaker 1: that is being made by these crazy people is one 853 00:45:09,000 --> 00:45:11,719 Speaker 1: that is not based again in reality, or they're not 854 00:45:11,760 --> 00:45:14,919 Speaker 1: doing it genuine it's not a genuine argument they're making. 855 00:45:14,960 --> 00:45:17,920 Speaker 1: They're they're hiding a lot of the facts and a 856 00:45:17,960 --> 00:45:21,440 Speaker 1: lot of the externalities that go into the the production 857 00:45:21,560 --> 00:45:24,000 Speaker 1: of the energy resources they're trying to bring to market. 858 00:45:24,040 --> 00:45:26,880 Speaker 1: And it's it's again, it's anti human. It's going to 859 00:45:26,960 --> 00:45:31,560 Speaker 1: set us back. And I get with bitcoin, specifically a 860 00:45:31,600 --> 00:45:34,880 Speaker 1: bitcoin as a rallying cry, Like Bitcoin has emboldened me 861 00:45:35,000 --> 00:45:37,839 Speaker 1: to to really call out bullshit in the world. It's 862 00:45:37,840 --> 00:45:39,839 Speaker 1: a good thing about number go up and having fuck 863 00:45:39,880 --> 00:45:41,879 Speaker 1: you money is like you can just start to stand 864 00:45:41,960 --> 00:45:44,560 Speaker 1: up to these people, not worried about getting canceled. That like, 865 00:45:45,080 --> 00:45:47,680 Speaker 1: we don't need to count up to these people anymore. 866 00:45:48,120 --> 00:45:50,320 Speaker 1: And so like, the way bitcoin makes us more energy 867 00:45:50,360 --> 00:45:53,040 Speaker 1: efficient is insane. And that's why it's insane that people 868 00:45:53,080 --> 00:45:56,520 Speaker 1: pick on bitcoin for its energy conversion, is because it 869 00:45:56,600 --> 00:45:59,040 Speaker 1: actually makes us more efficient. Again a great American binding. 870 00:45:59,360 --> 00:46:02,240 Speaker 1: We go to to well pads, we go to remote 871 00:46:02,280 --> 00:46:07,319 Speaker 1: areas in North Dakota, Wyoming, Texas, show up, we say, hey, 872 00:46:07,560 --> 00:46:10,280 Speaker 1: don't just set that natural gas on fire. You're literally 873 00:46:10,280 --> 00:46:13,360 Speaker 1: just wasting it. There's the ability to take that natural gas, 874 00:46:13,360 --> 00:46:15,960 Speaker 1: that precious resource, and to get economic value out of it. 875 00:46:16,400 --> 00:46:18,360 Speaker 1: To just set it on fire and send it to 876 00:46:18,360 --> 00:46:20,880 Speaker 1: the atmospheres is an incredible shame that we should all 877 00:46:20,920 --> 00:46:23,600 Speaker 1: be ashamed about. We show up, we say, hey, instead 878 00:46:23,600 --> 00:46:25,160 Speaker 1: of piping that to a flair stack, pipe it to 879 00:46:25,239 --> 00:46:29,560 Speaker 1: our our generators. Will create electricity. Mind Bitcoin boom, You're 880 00:46:29,600 --> 00:46:32,680 Speaker 1: able to take the scarce energy molecule and represent it 881 00:46:32,719 --> 00:46:35,200 Speaker 1: in the scarce digital good and you create like a 882 00:46:35,280 --> 00:46:38,080 Speaker 1: liquid market for these stranded assets. So that's only with 883 00:46:38,200 --> 00:46:42,160 Speaker 1: natural gas. Again, with renewables too, it's going out there 884 00:46:42,160 --> 00:46:45,840 Speaker 1: and it's fine. It's stranded hydroelectric and geothermal particularly, and 885 00:46:45,880 --> 00:46:48,960 Speaker 1: it's taking advantage of those energy resources that exists out there. 886 00:46:49,120 --> 00:46:52,480 Speaker 1: And and that's the other ironic thing about people picking 887 00:46:52,520 --> 00:46:56,399 Speaker 1: on bitcoin mining as an industry particularly, is that as 888 00:46:56,440 --> 00:46:59,960 Speaker 1: an industry, it literally has the highest penetration of renewable 889 00:47:00,719 --> 00:47:04,840 Speaker 1: energy as the source for for the industry out of anything, 890 00:47:04,880 --> 00:47:09,279 Speaker 1: Like it's the sm estimates range for like like even 891 00:47:09,320 --> 00:47:13,879 Speaker 1: if it was, it would be the highest by penetration 892 00:47:14,000 --> 00:47:17,239 Speaker 1: out there, and like, so it's orders of magnitude more 893 00:47:17,320 --> 00:47:20,680 Speaker 1: green than any other industry. Yet people decide to pick 894 00:47:20,719 --> 00:47:22,560 Speaker 1: on it. Again, why do they pick on it Because 895 00:47:22,600 --> 00:47:25,319 Speaker 1: it's a lot of communists who don't like the fact 896 00:47:25,320 --> 00:47:28,640 Speaker 1: that they can't control bitcoin, particularly it's monetary policy, and 897 00:47:28,640 --> 00:47:30,719 Speaker 1: they don't think it provides any utility in the world, 898 00:47:30,719 --> 00:47:34,120 Speaker 1: which is just objectively false. Like I'm sure it has 899 00:47:34,120 --> 00:47:36,600 Speaker 1: provided you a lot of utilities, provided media a lot 900 00:47:36,600 --> 00:47:38,960 Speaker 1: of utility as a savings vehicle. And I would love 901 00:47:38,960 --> 00:47:41,520 Speaker 1: for these people to go to these places where bitcoin 902 00:47:41,600 --> 00:47:45,040 Speaker 1: is providing incredible utility for people and say it to 903 00:47:45,040 --> 00:47:49,440 Speaker 1: their faces. Again, they're they're basing these arguments from a 904 00:47:49,480 --> 00:47:52,200 Speaker 1: place that isn't based in reality, and it is literal 905 00:47:52,280 --> 00:47:55,160 Speaker 1: virtue signaling um. And I think it is because they 906 00:47:55,200 --> 00:47:58,360 Speaker 1: want to be able to control, uh, how the world 907 00:47:58,400 --> 00:48:01,040 Speaker 1: works and how people interact with the world, and they 908 00:48:01,080 --> 00:48:04,880 Speaker 1: can't control bitcoin, and it really pissed at them off. Yeah, 909 00:48:05,600 --> 00:48:07,480 Speaker 1: I'd like to add to that with one thing I 910 00:48:07,480 --> 00:48:09,000 Speaker 1: was kind of thinking when you're talking about that, was, 911 00:48:09,360 --> 00:48:11,840 Speaker 1: you know, it's it's an attack on lots of things, obviously, 912 00:48:12,040 --> 00:48:15,920 Speaker 1: and and there's an attack on capitalism obviously, Right, capitalism 913 00:48:15,960 --> 00:48:18,600 Speaker 1: is slavery now and capitalism kills people all these things, 914 00:48:19,280 --> 00:48:22,600 Speaker 1: but really capitalism, maybe we need to abandon that word. 915 00:48:22,719 --> 00:48:26,280 Speaker 1: But like free in a free market, competitive system, entrepreneurs 916 00:48:26,320 --> 00:48:28,839 Speaker 1: are out there trying to turn trash into treasure. They're 917 00:48:28,840 --> 00:48:31,960 Speaker 1: not wasting No entrepreneur, no business owners don't go out 918 00:48:31,960 --> 00:48:35,400 Speaker 1: there and waste resources. You're trying to conserve and maximize resources. 919 00:48:35,400 --> 00:48:37,120 Speaker 1: And so what I love about what you know the 920 00:48:37,160 --> 00:48:39,920 Speaker 1: mining companies are doing is you're literally going and taking 921 00:48:39,960 --> 00:48:43,480 Speaker 1: trash that's harmful and you're turning it into something good 922 00:48:43,480 --> 00:48:47,040 Speaker 1: and productive. It's not a waste. That's actually the opposite 923 00:48:47,040 --> 00:48:50,200 Speaker 1: of waste, right, I mean a waste is I mean 924 00:48:50,280 --> 00:48:52,160 Speaker 1: you could say why do we have the internet, Like 925 00:48:52,200 --> 00:48:55,320 Speaker 1: why not just read newspapers? Right that that's a waste. 926 00:48:55,320 --> 00:48:57,319 Speaker 1: I mean everything is a waste. But they're but you're 927 00:48:57,360 --> 00:49:00,960 Speaker 1: literally taking trash that's bad and then you're turning it 928 00:49:01,040 --> 00:49:05,560 Speaker 1: into traitor Yeah, it's it's making us extremely energy efficient, 929 00:49:05,920 --> 00:49:08,080 Speaker 1: which is something that we should be striving to do. 930 00:49:08,280 --> 00:49:11,400 Speaker 1: And that's another thing to like that A lot of 931 00:49:11,440 --> 00:49:15,839 Speaker 1: these climate hysterics are are very hypocritical. Like I get 932 00:49:15,880 --> 00:49:18,200 Speaker 1: into like I'm get invited to a lot of debates 933 00:49:19,160 --> 00:49:23,120 Speaker 1: with them throughout the cryptocurrency space because of what I 934 00:49:23,160 --> 00:49:25,200 Speaker 1: do a great American mining. They look at us, you're 935 00:49:25,280 --> 00:49:28,239 Speaker 1: using fossil fuels. Is your energy generation source? Like you're 936 00:49:28,760 --> 00:49:32,760 Speaker 1: destroying the Internet and you're extruding the world. Excuse me, um. 937 00:49:32,800 --> 00:49:35,279 Speaker 1: But like when you when you like push them, it's 938 00:49:35,280 --> 00:49:38,640 Speaker 1: like all right, asshole, we're doing this video conference. You're 939 00:49:38,680 --> 00:49:40,680 Speaker 1: in Germany, I'm in the United States. You're using a 940 00:49:40,800 --> 00:49:42,840 Speaker 1: video conference, Like we could do this audio only, we 941 00:49:42,880 --> 00:49:44,520 Speaker 1: could do this phone call. It would consume a lot 942 00:49:44,600 --> 00:49:47,719 Speaker 1: less energy. Why aren't we doing that? You're you're all 943 00:49:47,800 --> 00:49:51,280 Speaker 1: day tweeting about all this and that tweets being stored 944 00:49:51,320 --> 00:49:53,120 Speaker 1: on a server that takes up a lot of energy, 945 00:49:53,160 --> 00:49:55,040 Speaker 1: Like why tweet? You should be sending You should be 946 00:49:55,040 --> 00:49:58,440 Speaker 1: sending snail mail to get your out there. Like it again, 947 00:49:58,480 --> 00:50:05,080 Speaker 1: the moralization of energy consumption or energy conversion to electricity 948 00:50:06,040 --> 00:50:08,960 Speaker 1: is a weird and very creepy thing, Like if somebody's 949 00:50:08,960 --> 00:50:11,080 Speaker 1: willing to pay for electricity, they should be able to 950 00:50:11,120 --> 00:50:14,840 Speaker 1: do whatever they want for it. And bitcoin miners go 951 00:50:14,960 --> 00:50:17,960 Speaker 1: to extreme lengths to make us more energy efficiently. We're 952 00:50:17,960 --> 00:50:20,520 Speaker 1: in the middle of North Dakota and places that nobody 953 00:50:20,520 --> 00:50:24,520 Speaker 1: else wants to go converting this gas to electricity because 954 00:50:24,520 --> 00:50:27,280 Speaker 1: nobody else will. We're literally bringing the market to the molecule. 955 00:50:27,440 --> 00:50:34,280 Speaker 1: We're setting up uh infrastructure to to monetize stranded energy sources, 956 00:50:34,320 --> 00:50:39,879 Speaker 1: which is a beautiful thing. Yeah yeah, yeah, I mean 957 00:50:40,120 --> 00:50:43,560 Speaker 1: just it's it's insane from so many levels being being 958 00:50:43,600 --> 00:50:55,959 Speaker 1: told what is what isn't ah essential? Right? Yeah, that's 959 00:50:56,000 --> 00:50:58,799 Speaker 1: not a good use for energy. This is things like 960 00:50:58,840 --> 00:51:00,840 Speaker 1: that I would say, and I know you're you know, 961 00:51:01,040 --> 00:51:04,200 Speaker 1: foll lose you again. The don't say is another thing 962 00:51:04,239 --> 00:51:09,960 Speaker 1: going back to any working on stranding gass, but even 963 00:51:10,160 --> 00:51:12,480 Speaker 1: back to the solar, I think it helps a lot 964 00:51:12,520 --> 00:51:14,560 Speaker 1: there because the problem with solar is it draws on 965 00:51:14,640 --> 00:51:17,960 Speaker 1: the energy source. And like those power stations, they can't run. 966 00:51:19,280 --> 00:51:23,200 Speaker 1: I still got you. Yeah, yeah, they can't run. They 967 00:51:23,200 --> 00:51:25,279 Speaker 1: can't just run during the day and then shut run 968 00:51:25,360 --> 00:51:27,200 Speaker 1: during night and shut off during the day. And like 969 00:51:27,239 --> 00:51:30,600 Speaker 1: bitcoin mining could like be used to like augment that 970 00:51:30,719 --> 00:51:32,880 Speaker 1: right so that you could mind during the day, shut 971 00:51:32,920 --> 00:51:35,359 Speaker 1: it off, left the houses pfull at night. So there's 972 00:51:35,360 --> 00:51:38,719 Speaker 1: a lot of ways that it can be used actually 973 00:51:39,120 --> 00:51:42,239 Speaker 1: be good and offset And uh, I wanna. I think 974 00:51:42,360 --> 00:51:44,160 Speaker 1: I'd like as an industry just to kind of instead 975 00:51:44,160 --> 00:51:46,280 Speaker 1: of always be on the defensive and trying to defend, 976 00:51:46,360 --> 00:51:48,719 Speaker 1: like kind of be a little bit more offensive on 977 00:51:48,760 --> 00:51:52,759 Speaker 1: that message. You know, I think I could use that completely. Agree. 978 00:51:53,040 --> 00:51:55,279 Speaker 1: That's like one thing that we've made a point at 979 00:51:55,320 --> 00:51:57,520 Speaker 1: Great American Biance why we have our podcast to be 980 00:51:57,600 --> 00:52:00,480 Speaker 1: more offensive, Like, hey, what we're doing is good. It's 981 00:52:00,480 --> 00:52:02,560 Speaker 1: providing a lot of value to the producers. We work 982 00:52:02,600 --> 00:52:04,440 Speaker 1: with the producers we work with or providing a lot 983 00:52:04,440 --> 00:52:07,360 Speaker 1: of value to the overall economy because they're providing a 984 00:52:08,200 --> 00:52:11,719 Speaker 1: resource that is essential to make our everyday life possible. 985 00:52:11,840 --> 00:52:15,759 Speaker 1: UM and yeah, that's going caltel to these people. Like 986 00:52:15,760 --> 00:52:19,560 Speaker 1: a particularly renewable energy Again, bitcoin mining is the highest 987 00:52:19,560 --> 00:52:23,440 Speaker 1: penetration of renewable energy as a source of electricity across 988 00:52:23,480 --> 00:52:26,880 Speaker 1: any industry in the world, and so pretty weird and 989 00:52:26,920 --> 00:52:29,880 Speaker 1: annoying that it gets picked on. UM And then, like 990 00:52:29,960 --> 00:52:33,480 Speaker 1: you said, it actually incentivizes the overproduction of renewable energy. 991 00:52:33,520 --> 00:52:36,319 Speaker 1: So you can have these demand response systems where you 992 00:52:36,360 --> 00:52:40,680 Speaker 1: can actually deliver the electricity UM to the market when 993 00:52:40,719 --> 00:52:42,840 Speaker 1: they need it most. And that's because you're able to 994 00:52:42,880 --> 00:52:48,359 Speaker 1: subsidize the construction and maintenance of these renewable projects because 995 00:52:48,400 --> 00:52:51,360 Speaker 1: you have a buyer of last resort and bitcoin miners 996 00:52:51,360 --> 00:52:53,440 Speaker 1: so actually pay for the electricity when nobody else is 997 00:52:53,440 --> 00:52:57,960 Speaker 1: willing to UM and so creates these incredible efficiencies all 998 00:52:58,000 --> 00:53:01,279 Speaker 1: throughout the energy UH industry, whether it be in the 999 00:53:01,320 --> 00:53:04,080 Speaker 1: fossil fuel part of it or the renewable part of it. 1000 00:53:04,080 --> 00:53:06,239 Speaker 1: It's a beautiful thing. It's something that we should be 1001 00:53:06,760 --> 00:53:11,000 Speaker 1: celebrating aggressively and bossifarious Lee. I mean, yet you have 1002 00:53:11,000 --> 00:53:15,040 Speaker 1: a bunch of communist idiots who um just have decided 1003 00:53:15,080 --> 00:53:16,920 Speaker 1: to pick on bitcoin for one reason or another. And 1004 00:53:16,960 --> 00:53:19,200 Speaker 1: again I think it's because they can't control and it 1005 00:53:19,280 --> 00:53:24,279 Speaker 1: represents a true free market money. Um that pisses them 1006 00:53:24,280 --> 00:53:30,160 Speaker 1: awful lot. Yeah alright, well, good stuff. We cover a 1007 00:53:30,200 --> 00:53:31,600 Speaker 1: lot of ground. I think that it's probably good a 1008 00:53:31,600 --> 00:53:34,239 Speaker 1: good point to drop off there. But I just love 1009 00:53:34,280 --> 00:53:36,399 Speaker 1: to see it. I love like like we've talked about, 1010 00:53:36,480 --> 00:53:39,160 Speaker 1: you know, just giving people that message of hope and 1011 00:53:39,160 --> 00:53:41,640 Speaker 1: and it's attracting people and now people are coming out 1012 00:53:41,680 --> 00:53:44,480 Speaker 1: with solutions like what you're doing. It's awesome. Um, anything 1013 00:53:44,560 --> 00:53:47,319 Speaker 1: last things that you want to close it out with. Yeah, 1014 00:53:47,440 --> 00:53:52,239 Speaker 1: and I've been on the aggressive part. I'm jacked up today. Yeah. 1015 00:53:52,280 --> 00:53:57,160 Speaker 1: Bitcoin provides hope. If you want to opt into a 1016 00:53:57,200 --> 00:54:00,120 Speaker 1: system where you can verify everything that's going on, you 1017 00:54:00,160 --> 00:54:02,880 Speaker 1: can actually contribute, and you have some control over it, 1018 00:54:02,920 --> 00:54:06,360 Speaker 1: particularly your money. Like you you control your money and 1019 00:54:06,360 --> 00:54:08,160 Speaker 1: you know that it's not going to be debased, and 1020 00:54:08,239 --> 00:54:10,839 Speaker 1: you're gonna be able to verify that every block they 1021 00:54:11,040 --> 00:54:17,279 Speaker 1: come do research on bitcoin, it's it's enabling a new 1022 00:54:17,320 --> 00:54:21,360 Speaker 1: economy to be built in a new way of organizing 1023 00:54:21,360 --> 00:54:23,840 Speaker 1: between humans and the people in the bitcoin space, at 1024 00:54:23,880 --> 00:54:25,640 Speaker 1: least that I've come into contact with, or some of 1025 00:54:25,680 --> 00:54:29,839 Speaker 1: the smartest uh and most ingenious people that I've ever 1026 00:54:29,880 --> 00:54:32,160 Speaker 1: met in my life that are they're doing beautiful things, 1027 00:54:32,200 --> 00:54:33,759 Speaker 1: and they're doing it because they just want to build 1028 00:54:33,760 --> 00:54:36,439 Speaker 1: a better future. That people in charge do not care 1029 00:54:36,480 --> 00:54:40,520 Speaker 1: about us. They are leading us down a terrible path, 1030 00:54:40,920 --> 00:54:44,000 Speaker 1: and we can't depend on them to make the change 1031 00:54:44,040 --> 00:54:45,320 Speaker 1: that we need in this world. We need to do 1032 00:54:45,360 --> 00:54:48,959 Speaker 1: it ourselves, and bitcoin provides an incredible vehicle through which 1033 00:54:49,000 --> 00:54:51,319 Speaker 1: to to bring the change that we need to to 1034 00:54:51,440 --> 00:54:55,719 Speaker 1: rest control from these kleptocrats and actually ensure that we 1035 00:54:55,760 --> 00:55:01,440 Speaker 1: have freedom and liberty and the digital age. Awesome, awesome, 1036 00:55:01,480 --> 00:55:03,560 Speaker 1: good stuff, good way. That good note to end it 1037 00:55:03,560 --> 00:55:07,000 Speaker 1: on too. I'm gonna make sure to link your uh, 1038 00:55:07,880 --> 00:55:10,799 Speaker 1: your the your podcast, the mining, and your Twitter on 1039 00:55:10,840 --> 00:55:13,440 Speaker 1: the show notes, any um, any anything else coming up 1040 00:55:13,440 --> 00:55:15,239 Speaker 1: that people should be wherever they should follow you. Are 1041 00:55:15,239 --> 00:55:18,359 Speaker 1: those the best places? Yeah, Twitter's best place at Marty 1042 00:55:18,400 --> 00:55:21,160 Speaker 1: Bent That's where I hang out most uh T FTC 1043 00:55:21,280 --> 00:55:24,799 Speaker 1: dot io is my website with all my content. Gam 1044 00:55:24,920 --> 00:55:27,200 Speaker 1: dot ai, g A M dot ai. It's the Great 1045 00:55:27,200 --> 00:55:29,799 Speaker 1: America Mining website. If you want to figure out what 1046 00:55:29,800 --> 00:55:33,040 Speaker 1: we're doing. Um yeah, keep keep fighting a good fight. Mark, 1047 00:55:33,080 --> 00:55:33,800 Speaker 1: thank you for having me on