WEBVTT - Fourth Turning, Parallel Systems, Energy Dependency, and Great Reset | Marty Bent

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<v Speaker 1>You know, if you've looked at big cycles and things

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<v Speaker 1>like you know, the fourth Turning for example, right, you

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<v Speaker 1>can see how like the generation that we have today,

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<v Speaker 1>obviously being shaped by those experiences, has a distrust for

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<v Speaker 1>these legacy institutions, the centralized institutions. It's a very like

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<v Speaker 1>insiders club, and if you're not in it, you're not

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<v Speaker 1>going to be able to do anything to change that system.

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<v Speaker 1>So that pin provides a system in which you can

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<v Speaker 1>build in parallel and build a competing financial system and

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<v Speaker 1>arguably like a system through which to coordinate economic activity.

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<v Speaker 1>People are out there building a parallel system. They're not

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<v Speaker 1>living in fear like, they're just out there doing it.

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<v Speaker 1>The statistics on the CDC website it is acidine that

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<v Speaker 1>we're forcing children to wear a mask. A bitcoin waste energy, Well,

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<v Speaker 1>what's a waste Like one man's trash is another men's treasure,

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<v Speaker 1>isn't it to measure value throughout economy? You you distort

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<v Speaker 1>economic decisions, particularly capital allocation can So it's a good

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<v Speaker 1>argument to be made because we've the money by going

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<v Speaker 1>off of sound monetary standard and completely detaching ourselves one

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<v Speaker 1>just printing money out of nothing, pretending like there's going

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<v Speaker 1>to be no consequences that you have a massive miss

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<v Speaker 1>allocation of capital. Well, a tensions ineering and all time high,

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<v Speaker 1>and the fears of the dollars reset, a currency collapse,

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<v Speaker 1>and the Great Reset are all looming. Of course, people's

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<v Speaker 1>feelings of fear, uncertainty, and doubt about the future are

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<v Speaker 1>running at all time highs. But there is hope. There's

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<v Speaker 1>a new system that's being built in parallels, being built

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<v Speaker 1>alongside the legacy system, and it's attracting some of the

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<v Speaker 1>smartest people in the world to come and build, to

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<v Speaker 1>transact and conduct business. Now, today I'm sitting down with

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<v Speaker 1>Marty ben to spearheading a movement to fix some of

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<v Speaker 1>these legacy systems that are broken, including education, energy, and

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<v Speaker 1>even the environment. Now we discuss a wide range of topics,

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<v Speaker 1>including how the events of nine eleven and the great

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<v Speaker 1>financial crash of two thousand and eight really shaped the

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<v Speaker 1>worldview of these young adults, how the legacy systems have

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<v Speaker 1>evolved to work against people's best interests, and how by

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<v Speaker 1>fixing the pricing system of the world, we can fix

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<v Speaker 1>almost everything else. Now, there's so much good stuff that

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<v Speaker 1>we covered here, So let's just go ahead and just

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<v Speaker 1>jump right into it with Marty. Hey, everyone, welcome to

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<v Speaker 1>another episode of the Market Disruptor Show. And today I'm

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<v Speaker 1>sitting down with Marty Bent. He is the host of

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<v Speaker 1>the Tales from the Crypt podcast and he's also director

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<v Speaker 1>of business development for Great American Mining. Um. He's a

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<v Speaker 1>lover of liberty, a patriot, and a freedom maximalist, will say,

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<v Speaker 1>And so I want to dig into some conversations. Episode

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<v Speaker 1>ex had to have you, Marty, Thanks for joining, Thanks

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<v Speaker 1>for having me Mark, I'm excited for this conversation. Yeah. So, um,

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<v Speaker 1>you know, as I was kind of saying before, you know,

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<v Speaker 1>you know, seeing that content you're putting out, which is

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<v Speaker 1>a lot obviously hosting the Tales from the Crypt podcast,

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<v Speaker 1>And I know you write the newsletter. You've been doing

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<v Speaker 1>that for a long time. Um, and I think, uh so, anyway,

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<v Speaker 1>I've been falling for a long time. Why don't you

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<v Speaker 1>just tell everybody else kind of like what you're working

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<v Speaker 1>on so they get an idea before we kind of

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<v Speaker 1>dig into this. Yeah, So the podcast, it was an

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<v Speaker 1>extension of the newsletter. So I started the newsletter Martys

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<v Speaker 1>Bent around this time in seventeen June seventeen so about

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<v Speaker 1>almost four years ago, exactly less than months, three years

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<v Speaker 1>and eleven months ago. And I started that because I

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<v Speaker 1>was known throughout my friend and family group as the

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<v Speaker 1>the bitcoin guy, because I'd been falling down the bitcoin

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<v Speaker 1>rabbit hole since when I was in college. And around

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<v Speaker 1>that time, in twenty seventeen, the price of bitcoin was

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<v Speaker 1>going up, the price of all coins was going up,

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<v Speaker 1>and everybody in my immediate circle was like, all right, Marty,

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<v Speaker 1>what the hell is going on here? And it was

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<v Speaker 1>just the deluge of text and emails calls, and I

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<v Speaker 1>was like, all right, this is getting overwhelming. I'm gonna

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<v Speaker 1>write this daily newsletter. Marty's bent to in and date

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<v Speaker 1>you with a little bit of bitcoin information, day by day,

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<v Speaker 1>daily newsletter, five days a week. So it started out

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<v Speaker 1>as that, and I started posting the newsletter to Twitter

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<v Speaker 1>with links, like all right, I'm gonna send this my

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<v Speaker 1>family and friends. Let's see if the Twitter verse likes

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<v Speaker 1>it took on a life of its own. Got introduced

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<v Speaker 1>to a gentleman at Barstool Sports, the big media company

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<v Speaker 1>here in the Northeast, and it was talking to him,

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<v Speaker 1>introduced him to my newsletter. We were talking about bitcoin,

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<v Speaker 1>and he convinced me to start Tales from the Crypto podcast.

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<v Speaker 1>So that started, I believe early September late August, and

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<v Speaker 1>again that was an extension of podcast. People were liking

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<v Speaker 1>the written content, and so I started Tales from the

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<v Speaker 1>crypt to give them some audio content and to introduce

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<v Speaker 1>them to people building in the bitcoin space and whether

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<v Speaker 1>it be code at the protocol level, apps and building

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<v Speaker 1>theses around the economics innovation around bitcoin as well in

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<v Speaker 1>the monetary revolution that it that it presents the world.

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<v Speaker 1>So I did that for a time and then around

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<v Speaker 1>the beginning of eighteen a goat introduced the team at

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<v Speaker 1>Great American Mining. They told me what they were doing

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<v Speaker 1>with their mining operation. I was working up our stool

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<v Speaker 1>full time at that that point, selling podcast advertising UH

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<v Speaker 1>to two Barstool's network and using their studios after hours

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<v Speaker 1>to record Tales in the crypt and decided UH that

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<v Speaker 1>I wanted to come. Even though working for barstool is

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<v Speaker 1>a really cool experience, it's something that a lot of

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<v Speaker 1>the new asset as well. Lots of ways you can

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<v Speaker 1>do this. UM and Block five is the company that

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<v Speaker 1>I recommend. Down in the description, I have a link

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<v Speaker 1>that you can click on if you choose to use

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<v Speaker 1>that link. You can earn up the two U fifty

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<v Speaker 1>dollars in bitcoin just for using that link, So check

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<v Speaker 1>out block Fine. Now, men my age particularly would killed

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<v Speaker 1>to be in that position. But I was truly just

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<v Speaker 1>drawn towards bitcoin and Grant American Mining presented an opportunity

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<v Speaker 1>to go work full time outside the podcast and the

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<v Speaker 1>newsletter on bitcoin. They sort of jumped at the opportunity. Uh,

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<v Speaker 1>and here we are today. Grant American Mining was I

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<v Speaker 1>wouldn't say quasi stealth mode for for a couple of

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<v Speaker 1>years until we nailed down our exact path towards scalability,

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<v Speaker 1>finding abundant and cheap energy. And we've been uh moving

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<v Speaker 1>pretty quickly over the course of the last year, particularly

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<v Speaker 1>to to scale up our operations and um, good mind

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<v Speaker 1>as much big horn as possible. So yeah, I have

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<v Speaker 1>a weird career or weird uh way of making money

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<v Speaker 1>right now, which is writing a daily newsletter, have this podcast,

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<v Speaker 1>and I work for this mining company as well. Yeah,

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<v Speaker 1>well it's not weird. That's how that's how it's done

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<v Speaker 1>these days, right, that's the world. The world's changed. So um,

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<v Speaker 1>you know it's interesting and I guess it's not weird

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<v Speaker 1>necessary from our perspective, but maybe from the outside looking

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<v Speaker 1>at it is. But it almost seems like um and

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<v Speaker 1>you could probably talk to this, but like in the

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<v Speaker 1>hand around novel of you know, Atlas Shrugged or in

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<v Speaker 1>the movie if you've seen it, you know, where it's

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<v Speaker 1>like all the productive people in the world where like

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<v Speaker 1>disappearing to go like start this like new system. And

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<v Speaker 1>it seems like we've seen like this mind shared like

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<v Speaker 1>all moving towards like this new technology, which I guess

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<v Speaker 1>isn't that um alarming. A new technology attracts all the

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<v Speaker 1>best people. So whether that was the Internet or whatever

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<v Speaker 1>it was, UM, and so it's attracting all these people.

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<v Speaker 1>But I think, and I'd like to get your opinion

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<v Speaker 1>on this, but it seems like maybe it's like the

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<v Speaker 1>bait and switch where they come for the tech or

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<v Speaker 1>they come for the for the money, UM, but then

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<v Speaker 1>when they learn what it really is, it kind of

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<v Speaker 1>changes their mind and they just start seeing the world

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<v Speaker 1>differently and they start seeing like solutions differently two problems

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<v Speaker 1>and stuff. I completely agree and from it, I mean,

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<v Speaker 1>many bitcoiners will say they had the same trajectory, but

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<v Speaker 1>I did as well. Speak for myself. I was working

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<v Speaker 1>at a managed futures fund in Chicago. I studied economics

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<v Speaker 1>in college and intern at this managed futures fund in

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<v Speaker 1>the West Loop and UM basically part of that job

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<v Speaker 1>as an analyst, we we were actually a fund of funds,

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<v Speaker 1>So we index commodity trading advisors into a fund of funds,

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<v Speaker 1>and many of those indexes across the business that we

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<v Speaker 1>went out and sold to two investors. And part of

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<v Speaker 1>that was doing due diligence on the c tas that

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<v Speaker 1>we index and then their trading strategies. And part of

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<v Speaker 1>that due diligence was understanding how markets were moving and

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<v Speaker 1>the markets that c t a s trade, particularly or

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<v Speaker 1>commodities markets, currency markets, equities, futures, any futures market you

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<v Speaker 1>can think of. And so that entailed me following central

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<v Speaker 1>bank announcements how currency exchange rates were fluctuating throughout time

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<v Speaker 1>based off of UM, macro economic factors, central bank policies, YadA, YadA, YadA,

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<v Speaker 1>and and just through that process alone, a really at

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<v Speaker 1>a young age came to realize that these experts, particularly

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<v Speaker 1>the central banks are bankers, really didn't have any idea

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<v Speaker 1>of what they were doing they sort of just throwing

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<v Speaker 1>ship at the wall to see what sticks, and that

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<v Speaker 1>really didn't sit well with me. And at the same time,

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<v Speaker 1>I was discovering bitcoin in my free time while still

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<v Speaker 1>in college and learning about monetary policy. I think literally

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<v Speaker 1>stumbled into bitcoin just randomly googling obscure monetary policy or

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<v Speaker 1>something like that and stumbling upon people talking about bitcoin's

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<v Speaker 1>perfect monetary policy inforums on the Internet. And the juxtaposition

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<v Speaker 1>of the transparency of the Bitcoin ledger and its monetary policy, uh,

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<v Speaker 1>next to what Janet Yelling uh at the time, who

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<v Speaker 1>was ched FED chairman when I was working at this fund,

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<v Speaker 1>was doing, and how the markets were basically moving based

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<v Speaker 1>off of the color of the jacket that she wore

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<v Speaker 1>during press conferences and stuff like that, and everything they

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<v Speaker 1>were doing was very non transparent, uh. And so that

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<v Speaker 1>juxtaposition is what drove me, and this sort of stability

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<v Speaker 1>and transparency of Bitcoin's monetary policy compared to what Jane

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<v Speaker 1>and Yelling and crew we're throwing out there. And so yeah,

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<v Speaker 1>I came into it just from a purely geek perspective

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<v Speaker 1>of this is like a unique sound monetary system experiment.

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<v Speaker 1>And then as you mentioned, as you dig deeper and

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<v Speaker 1>you understand the distributed nature of the protocol, how it's

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<v Speaker 1>geographically distributed, how proof of work works, how you come

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<v Speaker 1>to consensus in the ledger, and how UM and how

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<v Speaker 1>it enables individuals to to make transactions and ap pear

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<v Speaker 1>ap pear fashion. You go, WHOA, this is actually bigger

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<v Speaker 1>than money. It is it is a way to coordinate

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<v Speaker 1>and coordinate directly with with other peers that can't be censored,

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<v Speaker 1>and that is something that is desperately needed in this

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<v Speaker 1>day and age. And so that's that's how I fell down,

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<v Speaker 1>and I was radicalized before that, I think I was

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<v Speaker 1>searching for something like bitcoin, being seventeen in two thousand

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<v Speaker 1>and eight when the Great Financial Crisis went down, UM

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<v Speaker 1>and really diving into the TARP bill with the professor

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<v Speaker 1>and that I had in high school. When I was

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<v Speaker 1>going down, it was like, this is messed up. Um,

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<v Speaker 1>I'm a child at nine eleven and going through that

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<v Speaker 1>whole experience, and it's coming to find that maybe the

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<v Speaker 1>pretenses for going to war with Iraq where we're fabricated

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<v Speaker 1>and just really a lot of distrust in the the

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<v Speaker 1>expert class and the traditional system, and Bitcoin provides an

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<v Speaker 1>incredible way to escape the tyranny of this very i

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<v Speaker 1>would say evil system. At the end of the day,

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<v Speaker 1>it may not be overtly evil in the in the

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<v Speaker 1>sense that the people running it have evil plans, but

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<v Speaker 1>their implementation on their plans turns out to have evil consequences. Yeah,

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<v Speaker 1>some interesting things that you said there, if we can unpack.

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<v Speaker 1>But um, the last kind of part just kind of

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<v Speaker 1>mentioning that you know, child of nine eleven and the

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<v Speaker 1>great financial crash of two thousand and eight, etcetera. And

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<v Speaker 1>it's you know, it's interesting. Yeah, it's it's not surprising

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<v Speaker 1>if you're paying attention. But um, you know, growing up

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<v Speaker 1>under those different circumstances of course shapes your worldview and

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<v Speaker 1>so um, you know, if you've looked at big cycles

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<v Speaker 1>and things like you know, the fourth Turning for example, right,

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<v Speaker 1>you can see how like the generation that we have today,

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<v Speaker 1>obviously being shaped by those experiences, has a distrust for

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<v Speaker 1>these legacy institutions, these centralized institutions. Um, but also want

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<v Speaker 1>to enact change, which is, you know, one thing and

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<v Speaker 1>then we have a brand new technology, which of course

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<v Speaker 1>a younger generation kind of grabs onto as well. So

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<v Speaker 1>it's like definitely we have like the catalyst for like

0:12:11.960 --> 0:12:16.760
<v Speaker 1>major change right now. Um. But I would say going

0:12:16.800 --> 0:12:20.000
<v Speaker 1>back to kind of what you're saying about, looking at

0:12:20.040 --> 0:12:23.400
<v Speaker 1>the Central Bank and the Federal Reserve and um, the

0:12:23.400 --> 0:12:27.000
<v Speaker 1>Fiat money system and like the centralized you know, legacy

0:12:27.040 --> 0:12:30.480
<v Speaker 1>system of Fiat money, and it's really started to like

0:12:30.679 --> 0:12:34.360
<v Speaker 1>spread over into everything. So we've seen like you know,

0:12:34.480 --> 0:12:38.960
<v Speaker 1>centralization of now the education system, you know, health and

0:12:39.040 --> 0:12:43.319
<v Speaker 1>food media of course, and it's almost like these like

0:12:44.080 --> 0:12:48.719
<v Speaker 1>distorted policies have made their way into all of that.

0:12:48.760 --> 0:12:51.640
<v Speaker 1>Now do you I guess, I guess do you think

0:12:51.920 --> 0:12:54.080
<v Speaker 1>that's happening like it's it's growing or is it that

0:12:54.120 --> 0:12:56.200
<v Speaker 1>we're just becoming more aware of it and seeing it

0:12:56.240 --> 0:12:58.920
<v Speaker 1>all over there? Yeah? I mean I think it's been

0:12:58.960 --> 0:13:02.720
<v Speaker 1>metastasizing for decades now. It's just becoming impossible to ignore

0:13:02.960 --> 0:13:08.479
<v Speaker 1>of how pervasive the the corruption and the the distortion

0:13:08.840 --> 0:13:13.440
<v Speaker 1>of reality has become. And I think bitcoinners, a lot

0:13:13.480 --> 0:13:15.400
<v Speaker 1>of bitcoiners, I'm not gonna say bitcoinners in general, but

0:13:15.440 --> 0:13:18.280
<v Speaker 1>a lot of bitcoinners, particularly those who believe in sound

0:13:18.320 --> 0:13:23.680
<v Speaker 1>money and particularly as a way to efficiently allocate capital,

0:13:23.840 --> 0:13:25.640
<v Speaker 1>would would say that the fact that we have this

0:13:25.720 --> 0:13:28.440
<v Speaker 1>vat monetary system that's running buck and allows you to

0:13:28.480 --> 0:13:34.360
<v Speaker 1>print money ex nihilo and just allocate it, not you allocate,

0:13:34.400 --> 0:13:37.120
<v Speaker 1>allows the central planners who who print the money x

0:13:37.200 --> 0:13:39.600
<v Speaker 1>deal to allocate all over they see fit. It leads

0:13:39.600 --> 0:13:42.160
<v Speaker 1>to a distortion not only in the pricing mechanism of

0:13:43.040 --> 0:13:47.520
<v Speaker 1>the currency at play, whether it be the US dollar, euro, Juan,

0:13:47.640 --> 0:13:51.360
<v Speaker 1>yen um, but also that that disruption of the pricing

0:13:51.360 --> 0:13:53.920
<v Speaker 1>mechanism leads to a miss allocation of capital that then

0:13:54.440 --> 0:13:58.560
<v Speaker 1>leads to a miss out allocation of incentives or creates

0:13:58.600 --> 0:14:03.760
<v Speaker 1>the conditions for preserves perverse incentives to arise and leads

0:14:03.800 --> 0:14:08.600
<v Speaker 1>to a bastardization of the economy at large. Just beyond

0:14:08.800 --> 0:14:13.800
<v Speaker 1>the monetary system, as you said, leads into education, housing,

0:14:14.440 --> 0:14:17.280
<v Speaker 1>coding that goes into housing, and how towns are built out,

0:14:17.280 --> 0:14:23.240
<v Speaker 1>suburban areas are built, leads into everything. Yeah. Yeah, and

0:14:23.280 --> 0:14:25.560
<v Speaker 1>I think it's easy. You know, most people can see

0:14:25.600 --> 0:14:28.840
<v Speaker 1>that there's like wow, I don't know, it's like it

0:14:28.880 --> 0:14:30.760
<v Speaker 1>seems like obviously there's a lot of people that see

0:14:30.800 --> 0:14:33.440
<v Speaker 1>there's something wrong. I mean, we see this populist uprising,

0:14:33.440 --> 0:14:36.040
<v Speaker 1>which again is indicative of kind of like this this

0:14:36.120 --> 0:14:40.280
<v Speaker 1>fourth turning or when you know, civilizations change, and we

0:14:40.360 --> 0:14:42.880
<v Speaker 1>had before pre COVID there was I think eight countries

0:14:42.920 --> 0:14:45.200
<v Speaker 1>that had like a million people each you know, marching

0:14:45.320 --> 0:14:48.360
<v Speaker 1>or whatever. Um that was kind of shut down a

0:14:48.360 --> 0:14:51.680
<v Speaker 1>little bit. But it still seems like we have half

0:14:51.680 --> 0:14:54.160
<v Speaker 1>the people that are like still gung ho about all

0:14:54.240 --> 0:14:57.840
<v Speaker 1>this right, Like it's pretty pretty divided and and it

0:14:57.840 --> 0:15:00.200
<v Speaker 1>it seems pretty shocking, like how do these people not

0:15:00.360 --> 0:15:04.520
<v Speaker 1>see like this path that they're going down? It's a

0:15:04.560 --> 0:15:07.360
<v Speaker 1>mass psychosis. That's actually the newsletter I'm writing today is

0:15:07.400 --> 0:15:11.960
<v Speaker 1>like are we h are we currently enthralled in in

0:15:12.000 --> 0:15:15.720
<v Speaker 1>the middle of a mass psychosis? And what is it

0:15:15.760 --> 0:15:19.240
<v Speaker 1>being driven by? It's being driven by I mean fear, right,

0:15:19.360 --> 0:15:23.760
<v Speaker 1>Fear and uncertainty leads humans to act in very regular ways.

0:15:23.800 --> 0:15:28.400
<v Speaker 1>And the people that find themselves in places of power

0:15:28.680 --> 0:15:30.720
<v Speaker 1>and the political sphere of the media sphere and the

0:15:30.720 --> 0:15:33.600
<v Speaker 1>monetary sphere, and like the expert class fear of the

0:15:33.680 --> 0:15:38.920
<v Speaker 1>education sphere UM are leveraging fear and uncertainty the apparatus

0:15:38.960 --> 0:15:41.680
<v Speaker 1>of the media, particularly to spread that fear and uncertainty

0:15:41.720 --> 0:15:47.400
<v Speaker 1>too cattle herd the mass, you know. In in interesting

0:15:47.440 --> 0:15:49.720
<v Speaker 1>you say that psychosis UM I was listening to a

0:15:49.720 --> 0:15:53.400
<v Speaker 1>podcast a couple of months ago, and it was about NLP,

0:15:53.680 --> 0:15:57.080
<v Speaker 1>like neural linguistic programming, which is what marketing marketing uses,

0:15:57.760 --> 0:16:01.080
<v Speaker 1>and you can get certified like as practitioner of NLP

0:16:01.120 --> 0:16:03.200
<v Speaker 1>and then you get like this master certification. It's like

0:16:03.280 --> 0:16:06.960
<v Speaker 1>Tony Robbinson uses it and marketing uses it, and it's like, um,

0:16:06.960 --> 0:16:10.400
<v Speaker 1>it kind of plants, like inception, plants things into your subconscious, right,

0:16:10.680 --> 0:16:13.200
<v Speaker 1>And so these are these the master level practitioners of

0:16:13.240 --> 0:16:16.000
<v Speaker 1>n LP on this podcast, and they were explaining how

0:16:16.880 --> 0:16:19.760
<v Speaker 1>the news and the media is actually using n LP

0:16:20.080 --> 0:16:23.160
<v Speaker 1>on the people. And they gave all these examples and

0:16:23.200 --> 0:16:25.240
<v Speaker 1>I don't know good enough to kind of repeat those back,

0:16:25.360 --> 0:16:28.560
<v Speaker 1>but a lot of these like sensational headlines like if

0:16:28.560 --> 0:16:30.480
<v Speaker 1>you don't wear a mask, you're going to kill grandma,

0:16:30.560 --> 0:16:32.520
<v Speaker 1>for example, right, and then they repeat it over and

0:16:32.560 --> 0:16:35.840
<v Speaker 1>over and over, and it's actually goes past the conscious

0:16:35.840 --> 0:16:39.440
<v Speaker 1>into the subconscious and they're basically brainwashed or kind of

0:16:39.480 --> 0:16:42.000
<v Speaker 1>you know, brainwash these people. And they even went in

0:16:42.120 --> 0:16:45.240
<v Speaker 1>further and they said how because of the education system

0:16:45.280 --> 0:16:48.080
<v Speaker 1>has been so dumbed down to teach you not to question,

0:16:48.200 --> 0:16:52.040
<v Speaker 1>not to think that it's easier than ever before to

0:16:52.240 --> 0:16:56.840
<v Speaker 1>actually use LP on the people and brainwash them. It's

0:16:57.080 --> 0:17:01.040
<v Speaker 1>insane how pervasive it is so here the Philadelphia area.

0:17:01.040 --> 0:17:02.800
<v Speaker 1>I've been watching like a lot of Phillies games and

0:17:03.200 --> 0:17:06.720
<v Speaker 1>it happens very nonchalantly, Like in the background, you have

0:17:06.800 --> 0:17:09.239
<v Speaker 1>the two announcers in the booth just talking about how

0:17:09.240 --> 0:17:12.000
<v Speaker 1>they got vaccinated and how they feel. They feel like liberated.

0:17:12.080 --> 0:17:14.600
<v Speaker 1>They're able actually to go live free because the backs

0:17:14.640 --> 0:17:18.520
<v Speaker 1>somehow magically enables them to do that. And in driving

0:17:18.520 --> 0:17:20.840
<v Speaker 1>in the city, if if you're not in your own car,

0:17:20.920 --> 0:17:22.840
<v Speaker 1>you're an uber, and the ubers listening to the radio

0:17:22.960 --> 0:17:24.919
<v Speaker 1>instead of what I would typically listen to it is

0:17:25.000 --> 0:17:27.240
<v Speaker 1>just my playlist on Spotify or something. And you have

0:17:27.960 --> 0:17:31.480
<v Speaker 1>literal commercials in the Philadelphia And I'm sure this is

0:17:31.520 --> 0:17:34.040
<v Speaker 1>in other areas too, but it blew my mind the

0:17:34.040 --> 0:17:37.000
<v Speaker 1>first time I heard it. Getting an Uber to my

0:17:37.040 --> 0:17:40.479
<v Speaker 1>brother's apartment from my wife's parents house in Philadelphia, and

0:17:40.560 --> 0:17:42.800
<v Speaker 1>the Uber driver was listening to the radio. It was

0:17:42.840 --> 0:17:45.040
<v Speaker 1>just a commercial wear Mass Sable Life, Wear a mass

0:17:45.080 --> 0:17:48.840
<v Speaker 1>Sable Life. In the In the course of a thirty

0:17:48.840 --> 0:17:52.280
<v Speaker 1>minute drive to the city, that commercial came on three

0:17:52.320 --> 0:17:57.160
<v Speaker 1>times and again that that that line where a mass

0:17:57.160 --> 0:17:59.840
<v Speaker 1>save a life, like if you say it enough, and

0:18:00.080 --> 0:18:02.520
<v Speaker 1>it begins to make people question, like if I don't

0:18:02.520 --> 0:18:05.159
<v Speaker 1>wear a mask and I causing people to die, and

0:18:05.200 --> 0:18:07.760
<v Speaker 1>so like they feel forced to do that to to

0:18:07.840 --> 0:18:12.680
<v Speaker 1>save their fellow man. And it's really scary how easy

0:18:12.680 --> 0:18:15.879
<v Speaker 1>it is to manipulate the masses. And we see, uh,

0:18:15.960 --> 0:18:18.840
<v Speaker 1>we see evidence that the people in media know this

0:18:18.920 --> 0:18:21.720
<v Speaker 1>and they leverage. Just specifically, Project Veritas had that that

0:18:21.880 --> 0:18:26.320
<v Speaker 1>expose on the CNN producer who basically admitted, like Jeff

0:18:26.400 --> 0:18:28.880
<v Speaker 1>Zucker would call us, so I'll never read the red

0:18:28.880 --> 0:18:31.720
<v Speaker 1>phone with the direct line to the president office. He's say,

0:18:31.720 --> 0:18:34.000
<v Speaker 1>put the death numbers back on the screen. We need

0:18:34.000 --> 0:18:36.520
<v Speaker 1>people to be free. People are turning away because you

0:18:36.520 --> 0:18:39.359
<v Speaker 1>don't have the death numbers on. They need that fear

0:18:39.400 --> 0:18:43.760
<v Speaker 1>inducing stat uh to draw their intention and to draw

0:18:43.800 --> 0:18:47.679
<v Speaker 1>them in. And then I'm actually very happy that Project

0:18:47.800 --> 0:18:50.840
<v Speaker 1>Veritas came out because it showed the playbook too. He's like, next,

0:18:50.880 --> 0:18:53.520
<v Speaker 1>when COVID dies down, we're going to go to climate change.

0:18:53.520 --> 0:18:57.720
<v Speaker 1>We're gonna start fearmongering over that. And it's disgusting that

0:18:57.840 --> 0:19:01.600
<v Speaker 1>they intentionally and some parts of the media, particularly the

0:19:01.600 --> 0:19:07.359
<v Speaker 1>mainstream media leverage fear and uncertainty to to drive a discussion.

0:19:07.440 --> 0:19:11.640
<v Speaker 1>It's all for advertising dollars and clicks and views. It's

0:19:11.680 --> 0:19:15.840
<v Speaker 1>a perverse incentive system that's been erected by the advertising

0:19:15.840 --> 0:19:20.720
<v Speaker 1>model of mainstream media particularly. Yeah. Well as back to

0:19:20.760 --> 0:19:23.760
<v Speaker 1>kind of marketing analogy like you mentioned kind of earlier,

0:19:23.800 --> 0:19:27.119
<v Speaker 1>like that that motivation of fear and like humans are

0:19:27.160 --> 0:19:30.160
<v Speaker 1>pretty basic. I mean we were motivated by one moving

0:19:30.200 --> 0:19:33.040
<v Speaker 1>away from pain and to moving towards pleasure, Like pain

0:19:33.040 --> 0:19:36.720
<v Speaker 1>and pleasure. I think I think fear pain is the

0:19:36.760 --> 0:19:41.160
<v Speaker 1>more powerful one than than the pleasure. But um switching

0:19:41.200 --> 0:19:44.720
<v Speaker 1>from a message of pain and despair too, maybe a

0:19:44.720 --> 0:19:49.040
<v Speaker 1>message of hope, you know. I similar two thousand eight,

0:19:49.080 --> 0:19:51.520
<v Speaker 1>it was a great financial crash rocked my world as well,

0:19:51.600 --> 0:19:54.359
<v Speaker 1>maybe a little bit older. And I had been a

0:19:54.400 --> 0:19:57.120
<v Speaker 1>real estate investor. I started eighteen. I've been a real

0:19:57.119 --> 0:19:59.240
<v Speaker 1>state investor for I don't know, almost ten years at

0:19:59.280 --> 0:20:01.560
<v Speaker 1>that point, and made a lot of money, sold a

0:20:01.600 --> 0:20:04.159
<v Speaker 1>couple of businesses. But I got wiped out, and uh,

0:20:05.600 --> 0:20:07.720
<v Speaker 1>I was like, what the heck is this financial casino?

0:20:07.840 --> 0:20:09.320
<v Speaker 1>Like I don't know anything about it? And I started

0:20:09.320 --> 0:20:11.520
<v Speaker 1>digging in and I became a gold bug, and I

0:20:11.560 --> 0:20:13.320
<v Speaker 1>was like, oh, we gotta fix the money. That's what

0:20:13.400 --> 0:20:16.840
<v Speaker 1>it is, right, we got a gold that's the way. Um.

0:20:16.880 --> 0:20:18.200
<v Speaker 1>It took me a couple of years to realize I

0:20:18.200 --> 0:20:21.320
<v Speaker 1>wasn't necessarily a goldbug. I was a sound money advocate. UM.

0:20:22.240 --> 0:20:25.760
<v Speaker 1>But UM, you know, I then became very disillusioned with

0:20:25.800 --> 0:20:28.640
<v Speaker 1>the system, like, I mean it's ruined, Like we need

0:20:28.680 --> 0:20:30.920
<v Speaker 1>to fix the system. And I've just kind of given

0:20:31.000 --> 0:20:33.520
<v Speaker 1>up on politics and all that. And it was about

0:20:34.200 --> 0:20:37.600
<v Speaker 1>um that I I finally went and took the plunge

0:20:37.600 --> 0:20:42.560
<v Speaker 1>into bitcoin. And uh it was like, hey, sorry to

0:20:42.560 --> 0:20:45.160
<v Speaker 1>interrupt this video just one more time. I'm not running

0:20:45.200 --> 0:20:47.679
<v Speaker 1>Google ads. So it's actually way less interruption than I

0:20:47.720 --> 0:20:49.879
<v Speaker 1>normally would have on a video. UM. And that's because

0:20:49.880 --> 0:20:53.359
<v Speaker 1>it's sponsored by block five. Um. They are opening up

0:20:53.400 --> 0:20:56.320
<v Speaker 1>the world of bitcoin and financial products offering to pay

0:20:56.359 --> 0:20:59.639
<v Speaker 1>you interest on your bitcoin. Um. Better than owning a

0:20:59.680 --> 0:21:01.760
<v Speaker 1>rental property that you have to manage and control and

0:21:01.800 --> 0:21:03.479
<v Speaker 1>have the risks. You can just earn interest on it

0:21:03.640 --> 0:21:06.439
<v Speaker 1>or you can leverage against it. Now, I plan to

0:21:06.600 --> 0:21:10.240
<v Speaker 1>hold my bitcoin forever and literally never sell my bitcoin.

0:21:10.280 --> 0:21:12.359
<v Speaker 1>So how do you do that? Well, if I need money.

0:21:12.480 --> 0:21:14.320
<v Speaker 1>I don't want to sell that bitcoin. I'm gonna pay

0:21:14.320 --> 0:21:16.240
<v Speaker 1>tax on it, all right, I'm gonna end up with

0:21:16.320 --> 0:21:18.840
<v Speaker 1>less and I don't have the bitcoin anymore. So a

0:21:18.880 --> 0:21:21.480
<v Speaker 1>better way to do it is to borrow against the bitcoin.

0:21:21.720 --> 0:21:23.879
<v Speaker 1>So I've put all my money into bitcoin. If I

0:21:23.880 --> 0:21:25.520
<v Speaker 1>want to buy a car, or I want to buy

0:21:25.520 --> 0:21:28.600
<v Speaker 1>a house, I can borrow against it at very very

0:21:28.640 --> 0:21:31.359
<v Speaker 1>low competitive rates. Get my house, get my car, whatever

0:21:31.359 --> 0:21:34.080
<v Speaker 1>that may be, and get to keep the bitcoin. I've

0:21:34.080 --> 0:21:36.399
<v Speaker 1>done a whole video on this. You can find it.

0:21:36.400 --> 0:21:38.359
<v Speaker 1>I'll link it down to the description below. How to

0:21:38.520 --> 0:21:40.880
<v Speaker 1>retire off a bitcoin without paying taxes, and you can

0:21:40.920 --> 0:21:43.399
<v Speaker 1>do that with block fight services. I'll link to the

0:21:43.480 --> 0:21:45.080
<v Speaker 1>video down below. I'm also going to put a link

0:21:45.119 --> 0:21:46.840
<v Speaker 1>to block Fight. If you choose to click on that

0:21:46.880 --> 0:21:48.480
<v Speaker 1>link to check them out. You can earn up to

0:21:48.440 --> 0:21:51.359
<v Speaker 1>two fifty dollars in free bitcoin just for using that link.

0:21:51.680 --> 0:21:53.240
<v Speaker 1>And that's it. Let's go ahead and get back to

0:21:53.320 --> 0:21:56.159
<v Speaker 1>the interview. Now we have a tool like now we

0:21:56.200 --> 0:21:58.920
<v Speaker 1>actually have something like now it's hope right like now,

0:21:59.240 --> 0:22:00.680
<v Speaker 1>now we have a fight and chance, and I'm a

0:22:00.720 --> 0:22:03.280
<v Speaker 1>Second Amendment supporter. I got a bunch of I'm not

0:22:03.280 --> 0:22:05.400
<v Speaker 1>gonna say it, but I don't ever want to use

0:22:05.440 --> 0:22:07.320
<v Speaker 1>those things. That's the last thing I want. And like,

0:22:07.400 --> 0:22:10.800
<v Speaker 1>realistically we don't stand a chance with those anyway. Um,

0:22:10.840 --> 0:22:12.880
<v Speaker 1>but now we have a tool, you know. And so

0:22:12.880 --> 0:22:14.280
<v Speaker 1>so there is a message of hope. And so I

0:22:14.280 --> 0:22:16.560
<v Speaker 1>want to kind of pivot into that because you got

0:22:16.560 --> 0:22:18.800
<v Speaker 1>me really motivated on the show that you had um

0:22:18.880 --> 0:22:22.040
<v Speaker 1>talking with Paul from Sphinx Chap and it just kind

0:22:22.040 --> 0:22:23.639
<v Speaker 1>of shifted my focus. And so I want to I

0:22:23.640 --> 0:22:27.760
<v Speaker 1>want to talk about that. And and and now another analogy.

0:22:27.840 --> 0:22:29.680
<v Speaker 1>I grew up raising dirt bikes, and like when you're

0:22:29.760 --> 0:22:31.640
<v Speaker 1>raising dirt bikes and in your hauling ass and I'm

0:22:31.640 --> 0:22:35.200
<v Speaker 1>broken every bone in my body, um, and like there's

0:22:35.240 --> 0:22:36.520
<v Speaker 1>like a rut that I need to hit. And there

0:22:36.600 --> 0:22:38.080
<v Speaker 1>might be a rock on this side and a rock

0:22:38.119 --> 0:22:39.800
<v Speaker 1>on this side, but I got to focus on the rud.

0:22:39.800 --> 0:22:42.240
<v Speaker 1>If I look at the rocks, I'm probably gonna hit them.

0:22:42.359 --> 0:22:44.960
<v Speaker 1>So you're like golf, right, like you look at the green,

0:22:45.000 --> 0:22:47.280
<v Speaker 1>not that, not the sand trap. And so I think

0:22:47.280 --> 0:22:49.600
<v Speaker 1>in life, we get very busy looking at all the

0:22:49.640 --> 0:22:52.160
<v Speaker 1>problems and all these things that we're afraid of when

0:22:52.160 --> 0:22:55.320
<v Speaker 1>we can't fix when I had the analogy listen to

0:22:55.359 --> 0:22:57.160
<v Speaker 1>that show, it's like, why not just focus on where

0:22:57.160 --> 0:22:59.520
<v Speaker 1>we want to go and how much more powerful it

0:22:59.560 --> 0:23:02.520
<v Speaker 1>is and so um, you know, and I'd like for

0:23:02.560 --> 0:23:04.439
<v Speaker 1>you to talk about this, and you're interviewing them all

0:23:04.440 --> 0:23:06.720
<v Speaker 1>the time. But like people are out there building a

0:23:06.760 --> 0:23:09.639
<v Speaker 1>parallel system. They're not living in fear, like they're just

0:23:09.760 --> 0:23:13.000
<v Speaker 1>out there doing it right. Yeah, No, that's the beauty

0:23:13.000 --> 0:23:15.320
<v Speaker 1>of bitquin right. It's an open source system, allows you

0:23:15.359 --> 0:23:17.679
<v Speaker 1>to build on it, to add to it, to build

0:23:17.720 --> 0:23:21.159
<v Speaker 1>products on top of it, to leverage it's ledger, to

0:23:21.240 --> 0:23:25.640
<v Speaker 1>anchor value into it two, anchor truth into it, right,

0:23:25.760 --> 0:23:29.639
<v Speaker 1>And you don't have to work within the parameters of

0:23:29.760 --> 0:23:33.159
<v Speaker 1>the traditional financial system, which have very specific rules and

0:23:33.160 --> 0:23:36.760
<v Speaker 1>are very constricting, and they've created very large regulatory and

0:23:36.920 --> 0:23:40.040
<v Speaker 1>compliance notes that make it impossible for for the little man,

0:23:40.240 --> 0:23:43.119
<v Speaker 1>the upstarter to to actually build and innovate. It's it's

0:23:43.160 --> 0:23:47.960
<v Speaker 1>a very uh like, it's very like insider's club, and

0:23:48.000 --> 0:23:49.200
<v Speaker 1>if you're not in it, you're not going to be

0:23:49.240 --> 0:23:51.639
<v Speaker 1>able to do anything to change that system. So Bitcoin

0:23:51.720 --> 0:23:54.960
<v Speaker 1>provides a system in which you can build in parallel

0:23:55.000 --> 0:23:58.960
<v Speaker 1>and build a competing financial system and arguably like a

0:23:59.760 --> 0:24:03.000
<v Speaker 1>syst them through which to coordinate economic activity. Maybe it's

0:24:03.000 --> 0:24:05.879
<v Speaker 1>not directly on chain, but you can settle everything in

0:24:05.920 --> 0:24:10.080
<v Speaker 1>bitcoin and that that leads to innovation like so which

0:24:10.119 --> 0:24:13.720
<v Speaker 1>is literally impossible within the traditional system. So, like Paul thinks,

0:24:14.200 --> 0:24:17.320
<v Speaker 1>they're leveraging bitcoin second layer, which is the lightning network,

0:24:17.400 --> 0:24:21.439
<v Speaker 1>to enable podcasters to monetize. So they're allowing people like

0:24:21.560 --> 0:24:25.560
<v Speaker 1>us to monetize without the traditional advertising model. We can

0:24:25.600 --> 0:24:28.320
<v Speaker 1>have our viewers engage in a value for value model

0:24:28.359 --> 0:24:31.440
<v Speaker 1>where they send us a few SATs per minute listen,

0:24:31.600 --> 0:24:35.320
<v Speaker 1>like fractions of a penny. But if we develop audiences

0:24:35.359 --> 0:24:39.280
<v Speaker 1>that like what we're putting out there, and they get

0:24:39.359 --> 0:24:41.040
<v Speaker 1>value out of the content that we're putting out of there,

0:24:41.080 --> 0:24:42.840
<v Speaker 1>and they want to send value back to us, it

0:24:42.840 --> 0:24:44.920
<v Speaker 1>could be very small amounts of value, but an aggregate

0:24:44.920 --> 0:24:47.399
<v Speaker 1>that it can be a material amount of bitcoin that

0:24:47.440 --> 0:24:50.399
<v Speaker 1>allows us to produce the content that we want to

0:24:50.440 --> 0:24:53.680
<v Speaker 1>produce without having to rely on advertisers or any other

0:24:53.680 --> 0:24:57.160
<v Speaker 1>type of monetization path. And so that's just one example

0:24:57.280 --> 0:25:00.160
<v Speaker 1>of something that's enabled by bitcoin that was never popped SMA.

0:25:00.160 --> 0:25:02.720
<v Speaker 1>When people are building like you can wanted to send

0:25:02.800 --> 0:25:06.040
<v Speaker 1>fractions of a penny per minute to a podcaster of

0:25:06.119 --> 0:25:09.080
<v Speaker 1>your liking. You literally could not do that using the

0:25:09.119 --> 0:25:12.359
<v Speaker 1>infrastructure that's been built out by Pisa or MasterCard. Yeah,

0:25:12.520 --> 0:25:16.880
<v Speaker 1>that's saying and if you're talking uncouth through your you're

0:25:17.119 --> 0:25:21.239
<v Speaker 1>speaking wrong. Think on your podcast. You can have these

0:25:21.240 --> 0:25:24.440
<v Speaker 1>people cut you off immediately at the knees, the payment providers,

0:25:24.480 --> 0:25:28.000
<v Speaker 1>and that's simply impossible. Pick when you can. Yeah, yeah,

0:25:28.119 --> 0:25:29.920
<v Speaker 1>we can see it's happening right now. With Joe Rogan,

0:25:29.960 --> 0:25:32.720
<v Speaker 1>it's back again. I mean, everyone's mad about something he said.

0:25:32.760 --> 0:25:35.000
<v Speaker 1>I don't even know what it was, but what was

0:25:35.119 --> 0:25:37.160
<v Speaker 1>it was something we touched on earlier. He basically said

0:25:37.440 --> 0:25:39.719
<v Speaker 1>something that should be common sense, is like, hey, if

0:25:39.720 --> 0:25:42.960
<v Speaker 1>you look at this, the statistics on the CDC website,

0:25:44.119 --> 0:25:47.639
<v Speaker 1>it is acidine that we're forcing children to wear a mask.

0:25:47.960 --> 0:25:50.200
<v Speaker 1>I mean, I don't think he was echoing with Tucker.

0:25:50.280 --> 0:25:52.440
<v Speaker 1>Carlson said specifically, I don't think he said it because

0:25:52.440 --> 0:25:55.119
<v Speaker 1>the Tucker and he actually recorded this episode before that

0:25:55.160 --> 0:25:58.280
<v Speaker 1>Tucker episode aired earlier this week. But he said, like

0:25:58.320 --> 0:26:00.520
<v Speaker 1>it's child abuse, Like these kids are not getting it

0:26:00.520 --> 0:26:03.720
<v Speaker 1>and they're not spreading it, like it's becoming uh evident.

0:26:03.800 --> 0:26:06.440
<v Speaker 1>And then if you're a young, healthy one year old,

0:26:07.880 --> 0:26:10.280
<v Speaker 1>why are you getting this experimental vaccine? Like you don't

0:26:10.320 --> 0:26:14.679
<v Speaker 1>need it, Like the the statistics show like even if

0:26:14.720 --> 0:26:17.600
<v Speaker 1>you're obese in your this particular age group, you're probably

0:26:17.600 --> 0:26:19.840
<v Speaker 1>not gonna die from me, like the risk of the

0:26:20.080 --> 0:26:22.960
<v Speaker 1>r R on taking an experimental MR and a vaccine,

0:26:23.000 --> 0:26:24.959
<v Speaker 1>it's probably not not worth it for you. Like if

0:26:24.960 --> 0:26:27.800
<v Speaker 1>you're gonna get COVID, chances are you're you're going to survive.

0:26:27.880 --> 0:26:31.399
<v Speaker 1>And people are jumping down his throat and again drives

0:26:31.440 --> 0:26:33.360
<v Speaker 1>back to fear. You know the people are and then

0:26:33.440 --> 0:26:36.800
<v Speaker 1>CNN and there's there's that death count up there um

0:26:36.880 --> 0:26:39.240
<v Speaker 1>and just whatever happened to people? Just like Hey, I

0:26:39.240 --> 0:26:41.280
<v Speaker 1>don't like what he's saying, Like let me just change

0:26:41.320 --> 0:26:47.840
<v Speaker 1>the channel. Well, like so that I mean with this particularly,

0:26:47.880 --> 0:26:50.160
<v Speaker 1>like I think there's a lot of people who don't

0:26:50.160 --> 0:26:52.520
<v Speaker 1>want to admit they've been jipped to a certain extent

0:26:52.920 --> 0:26:56.280
<v Speaker 1>OWDs the last year, like they sacrificed a lot. He

0:26:56.359 --> 0:26:59.479
<v Speaker 1>shut the economy. People stayed home from work, and they

0:26:59.480 --> 0:27:01.960
<v Speaker 1>stayed away from their families, They stayed away from meeting

0:27:01.960 --> 0:27:04.480
<v Speaker 1>with friends, they stayed away from living their lives for

0:27:04.520 --> 0:27:08.280
<v Speaker 1>a literal year and to hear somebody come out and

0:27:08.280 --> 0:27:10.679
<v Speaker 1>and say that, like it might be insane to to

0:27:10.720 --> 0:27:13.120
<v Speaker 1>force children to make the sacrifices we've been asking them.

0:27:13.119 --> 0:27:16.399
<v Speaker 1>To make me force young young adults to make those

0:27:16.760 --> 0:27:20.600
<v Speaker 1>sacrifices or experiment with this vaccine. Uh so people can

0:27:20.600 --> 0:27:24.480
<v Speaker 1>get back to normal. Uh. It makes people angry because

0:27:24.480 --> 0:27:26.679
<v Speaker 1>they're like, well did I get jiffed? Like, no, you

0:27:26.720 --> 0:27:28.240
<v Speaker 1>have to do this, Like we were told this is

0:27:28.240 --> 0:27:30.320
<v Speaker 1>the way it is, and is this way because I

0:27:30.359 --> 0:27:33.880
<v Speaker 1>made these sacrifices, Like my sacrifices weren't made invade. Yeah,

0:27:34.040 --> 0:27:38.359
<v Speaker 1>age that the expert class may have duped them. Yeah,

0:27:38.359 --> 0:27:40.600
<v Speaker 1>that's a good point. You know, I think a lot

0:27:40.680 --> 0:27:46.000
<v Speaker 1>of the angst that you see of people that are complying, um,

0:27:46.040 --> 0:27:48.080
<v Speaker 1>maybe they're not so mad at you because like you're

0:27:48.080 --> 0:27:49.920
<v Speaker 1>putting them in danger. They're mad at you because you're

0:27:49.920 --> 0:27:53.600
<v Speaker 1>not also complying. Um. But that's the whole thing about

0:27:53.600 --> 0:27:57.080
<v Speaker 1>like getting outside, getting that outside perspective and like changing

0:27:57.240 --> 0:28:01.760
<v Speaker 1>the worldview. But shifting back into that for a minute. Um,

0:28:01.840 --> 0:28:06.080
<v Speaker 1>you started talking about you know, um bitcoin and building

0:28:06.119 --> 0:28:09.040
<v Speaker 1>like this different monetary system, and before we're recording, you're

0:28:09.040 --> 0:28:11.480
<v Speaker 1>talking about a conversation out with Parker where he was

0:28:11.480 --> 0:28:15.080
<v Speaker 1>talking about, you know, building building a platform that allows

0:28:15.160 --> 0:28:17.560
<v Speaker 1>people to go save the world, like he didn't want

0:28:17.560 --> 0:28:20.000
<v Speaker 1>to save it, but go give people the tools to

0:28:20.040 --> 0:28:23.000
<v Speaker 1>do that. Um. And then and then you said, you

0:28:23.000 --> 0:28:24.600
<v Speaker 1>know something that we repeated a lot which is then

0:28:24.880 --> 0:28:28.639
<v Speaker 1>fixed the money fixed the world. Uh, why don't you

0:28:28.640 --> 0:28:32.960
<v Speaker 1>go into that? Yeah again, I mean going back to

0:28:33.880 --> 0:28:36.280
<v Speaker 1>heart echo what I said earlier, like when you mess

0:28:36.359 --> 0:28:38.800
<v Speaker 1>up the pricing mechanism and the money that is used

0:28:38.840 --> 0:28:44.200
<v Speaker 1>to value to measure value throughout economy, you you distort

0:28:44.680 --> 0:28:49.040
<v Speaker 1>economic decisions, particularly capital allocation. And it's a good argument

0:28:49.080 --> 0:28:51.920
<v Speaker 1>to be made that because we the money by going

0:28:51.960 --> 0:28:57.040
<v Speaker 1>off of sound monetary standard and completely detaching ourselves in

0:28:57.920 --> 0:29:01.120
<v Speaker 1>one just putting money out enough ing pretending like there's

0:29:01.120 --> 0:29:03.440
<v Speaker 1>going to be no consequences, that you have a mass

0:29:03.520 --> 0:29:08.240
<v Speaker 1>misallocation of capital. The opportunity costs simply aren't as high

0:29:08.280 --> 0:29:11.560
<v Speaker 1>as they arguably should be when you're making these economic decisions.

0:29:11.560 --> 0:29:16.240
<v Speaker 1>So when you have a sound monetary system, sound sound

0:29:16.240 --> 0:29:18.560
<v Speaker 1>money ary good in the form of bitcoin, like you,

0:29:18.560 --> 0:29:23.280
<v Speaker 1>you increase the opportunity cost of misallocating capital inappropriately. So

0:29:23.520 --> 0:29:26.360
<v Speaker 1>the housing market is a perfect example, like the mass

0:29:26.440 --> 0:29:31.160
<v Speaker 1>misallocation of capital that went on in the housing market

0:29:31.240 --> 0:29:34.680
<v Speaker 1>leading up to OA and arguably now again in modern

0:29:34.760 --> 0:29:38.720
<v Speaker 1>day and today in one like is being induced by

0:29:38.840 --> 0:29:42.840
<v Speaker 1>low interest rate environment and like a seek for a

0:29:42.880 --> 0:29:46.280
<v Speaker 1>search for yield because people can't preserve purchasing power over time,

0:29:46.320 --> 0:29:49.239
<v Speaker 1>it's just putting dollars in a savings account. And then

0:29:49.320 --> 0:29:53.040
<v Speaker 1>there's arguably a massive misallocation of capital and shale industry.

0:29:53.040 --> 0:29:55.840
<v Speaker 1>I'm very intimately aware of the problems that the shale

0:29:55.840 --> 0:29:58.760
<v Speaker 1>industry has had over the last decade as well. They've

0:29:58.880 --> 0:30:00.960
<v Speaker 1>had a lot of access to capital. They drilled a

0:30:00.960 --> 0:30:03.080
<v Speaker 1>lot of more wells than maybe they probably should have.

0:30:03.240 --> 0:30:09.680
<v Speaker 1>They've they've spending excume extending themselves, they've spread themselves very thin.

0:30:09.800 --> 0:30:12.720
<v Speaker 1>And last year in March, when we had one economic hiccup,

0:30:12.840 --> 0:30:15.640
<v Speaker 1>you saw like a collapse in in the industry. And

0:30:15.760 --> 0:30:17.800
<v Speaker 1>over the last twelve months we've seen insane amount of

0:30:17.800 --> 0:30:21.880
<v Speaker 1>mergers and acquisitions, bankruptcies, and this is because capital was

0:30:21.920 --> 0:30:24.680
<v Speaker 1>allocated that maybe shouldn't have been and probably wouldn't have

0:30:24.720 --> 0:30:28.920
<v Speaker 1>been if we lived under a sound monetary system. And

0:30:28.960 --> 0:30:30.960
<v Speaker 1>so fix the money, fix the worlds you need to

0:30:30.960 --> 0:30:34.560
<v Speaker 1>fix the pricing mechanism predictingly, the pricing of opportunity costs

0:30:34.600 --> 0:30:37.479
<v Speaker 1>that exists when you make these economic decisions, these capital

0:30:37.520 --> 0:30:44.600
<v Speaker 1>allocation systems to efficiently allocate capital, efficiently allocate capital. It's

0:30:44.600 --> 0:30:46.520
<v Speaker 1>such a big concept, that's I think it's hard for

0:30:46.560 --> 0:30:48.840
<v Speaker 1>most people to really grasp. Like you talk about like

0:30:49.000 --> 0:30:53.560
<v Speaker 1>pricing and they just kind of Okay, that's about money, right,

0:30:53.600 --> 0:30:56.560
<v Speaker 1>But it's like no, it affects every area of life.

0:30:56.600 --> 0:31:00.120
<v Speaker 1>And um, the website you know, wtf happened in one

0:31:00.200 --> 0:31:02.360
<v Speaker 1>is like perfect. It shows you every area of life

0:31:02.440 --> 0:31:07.720
<v Speaker 1>that's been affected by by that pricing allocation or misallocation. Um.

0:31:07.760 --> 0:31:10.120
<v Speaker 1>But you you talked about like the shell oil boom.

0:31:10.120 --> 0:31:12.160
<v Speaker 1>I got caught in that boom that or the bust.

0:31:12.200 --> 0:31:16.000
<v Speaker 1>I should say that that sucked. Um. But in regards

0:31:16.040 --> 0:31:19.440
<v Speaker 1>to that, then we even take a look at you know, um,

0:31:19.480 --> 0:31:23.000
<v Speaker 1>maybe the shift of fear from you know, being sick.

0:31:23.080 --> 0:31:25.840
<v Speaker 1>We'll call it that, right, fear of being sick too now,

0:31:26.000 --> 0:31:28.080
<v Speaker 1>fear of like the whole world's gonna die, right, climate

0:31:28.160 --> 0:31:30.680
<v Speaker 1>change or climate emergency now or whatever that may be.

0:31:31.400 --> 0:31:33.640
<v Speaker 1>And I think when you start even looking at those

0:31:33.640 --> 0:31:36.680
<v Speaker 1>types of policies, which is interesting enough to FED. Now

0:31:36.920 --> 0:31:40.600
<v Speaker 1>apparently they're going to fix the climate with money. Um,

0:31:40.640 --> 0:31:46.240
<v Speaker 1>but really it's the money to gender gender, gender and

0:31:46.360 --> 0:31:51.480
<v Speaker 1>racial inequality and uh and and the climate. But um,

0:31:51.560 --> 0:31:53.680
<v Speaker 1>when you fix the money, you even fix those things, right.

0:31:53.720 --> 0:31:55.800
<v Speaker 1>And I was having a conversation with Jeff booth Um

0:31:55.840 --> 0:31:57.640
<v Speaker 1>I think earlier this week, and he was talking about

0:31:57.640 --> 0:32:01.400
<v Speaker 1>how like the FED policy actually hurts the environment because

0:32:01.400 --> 0:32:05.239
<v Speaker 1>it forces like creates this consumption you know, model and

0:32:05.280 --> 0:32:09.320
<v Speaker 1>growth at all costs, and like that's a much bigger problem. Yeah.

0:32:09.440 --> 0:32:12.360
<v Speaker 1>And again like if you're misallocating capital, your misallocating capital

0:32:12.400 --> 0:32:16.160
<v Speaker 1>towards things that are going to take energy to be produced, right,

0:32:16.480 --> 0:32:19.360
<v Speaker 1>So like there's so many layers to it, right, like

0:32:19.400 --> 0:32:20.840
<v Speaker 1>fix the money, fix the world. So it fix this

0:32:20.880 --> 0:32:25.000
<v Speaker 1>capital allocation. And then like it literally helps capital preservation

0:32:25.120 --> 0:32:28.520
<v Speaker 1>and accumulation, which is important for the individual and family

0:32:28.520 --> 0:32:30.640
<v Speaker 1>balance sheets. So that's massive. And like in terms of

0:32:31.360 --> 0:32:35.080
<v Speaker 1>the misallocation of capital enabled by the fiab on atterary system, yes,

0:32:35.160 --> 0:32:39.320
<v Speaker 1>like enables more energy to be converted into electricity and

0:32:39.360 --> 0:32:42.840
<v Speaker 1>otherwise would have been if the opportunity cost for particular

0:32:42.920 --> 0:32:46.120
<v Speaker 1>endeavors like making plastic trinkets that people buy a dollar stores.

0:32:46.720 --> 0:32:49.880
<v Speaker 1>Maybe even people don't see a reason to invest in

0:32:49.880 --> 0:32:52.680
<v Speaker 1>those in the future, so you use less patrolling products

0:32:52.680 --> 0:32:57.560
<v Speaker 1>to build those little plastic trinkets, and maybe you allocate

0:32:57.560 --> 0:32:59.880
<v Speaker 1>your capital builds something that will last a hundred years,

0:32:59.880 --> 0:33:01.600
<v Speaker 1>so don't have to keep replenishing. Like look at the

0:33:02.240 --> 0:33:05.000
<v Speaker 1>look at this suburban explosion that we've seen over the

0:33:05.040 --> 0:33:07.400
<v Speaker 1>last thirty years, Like these are all houses that are

0:33:07.400 --> 0:33:10.880
<v Speaker 1>literally built with ship that is only meant to last

0:33:11.280 --> 0:33:13.520
<v Speaker 1>the life of a thirty year mortgage. I'm sitting in

0:33:13.600 --> 0:33:16.800
<v Speaker 1>one of them right now, like here in the Jersey Shore.

0:33:16.840 --> 0:33:19.360
<v Speaker 1>Like it's a bunch of cookie cutter plastic houses that

0:33:19.440 --> 0:33:21.680
<v Speaker 1>were thrown up in haste because people are chasing this

0:33:21.800 --> 0:33:24.080
<v Speaker 1>real estate market because they need to store value, because

0:33:24.080 --> 0:33:27.520
<v Speaker 1>they can't store value in their native currency, and so

0:33:27.520 --> 0:33:29.520
<v Speaker 1>they have to store value in these properties that are

0:33:29.560 --> 0:33:33.720
<v Speaker 1>seen as uh more valuable than others and in better

0:33:33.760 --> 0:33:37.200
<v Speaker 1>places than others. And so real estate and isn't is

0:33:37.280 --> 0:33:39.480
<v Speaker 1>an example of something that should be a consumption good,

0:33:39.480 --> 0:33:42.719
<v Speaker 1>and the price is arguably extremely inflated because people are

0:33:42.800 --> 0:33:46.680
<v Speaker 1>using it as a store of value, and the people

0:33:46.680 --> 0:33:49.800
<v Speaker 1>are building the houses don't care to build a house

0:33:49.800 --> 0:33:51.880
<v Speaker 1>at the last a hundred years. They only need a

0:33:51.880 --> 0:33:53.840
<v Speaker 1>house at the last thirty years, so they can actually

0:33:53.960 --> 0:33:55.720
<v Speaker 1>build it and sell it to people are looking to

0:33:55.760 --> 0:33:59.120
<v Speaker 1>store value in it. It's it's very weird, it's very perverse, right,

0:34:00.080 --> 0:34:02.719
<v Speaker 1>using this as a store of value, and it's actually

0:34:03.280 --> 0:34:05.800
<v Speaker 1>not even gonna be able to stand up without a

0:34:05.840 --> 0:34:11.480
<v Speaker 1>complete remodel, remake, structural rebuild within thirty years. It's and again,

0:34:11.600 --> 0:34:14.480
<v Speaker 1>that's a lot of things that probably wouldn't be built,

0:34:14.520 --> 0:34:16.960
<v Speaker 1>materials that wouldn't have been used if we were a

0:34:17.640 --> 0:34:20.680
<v Speaker 1>monetary system. Yeah, I mean that's a great example. And

0:34:20.760 --> 0:34:22.880
<v Speaker 1>we were talking earlier about you know, going to surfing

0:34:22.960 --> 0:34:24.920
<v Speaker 1>in some third world countries and stuff. I like to

0:34:24.920 --> 0:34:26.960
<v Speaker 1>go to some pretty remote places. Spend a lot of

0:34:27.000 --> 0:34:28.880
<v Speaker 1>time in Mexico and Central America. And when you go

0:34:29.000 --> 0:34:33.760
<v Speaker 1>down there, they fix everything, like, they don't throw away anything.

0:34:33.800 --> 0:34:36.520
<v Speaker 1>They they're like the most ingenious people that they can

0:34:36.560 --> 0:34:40.320
<v Speaker 1>fix anything and um. But but you know, they don't

0:34:40.320 --> 0:34:42.600
<v Speaker 1>have the benefit of this fake fiat money system. I

0:34:42.600 --> 0:34:44.360
<v Speaker 1>mean obviously they're on one, but not you know, the

0:34:44.360 --> 0:34:47.560
<v Speaker 1>real world reserve currency, and so there there's you know,

0:34:47.600 --> 0:34:50.400
<v Speaker 1>their economies run differently, and so those people are forced

0:34:50.440 --> 0:34:52.960
<v Speaker 1>not to be on this consumption right there, more on

0:34:53.040 --> 0:34:55.799
<v Speaker 1>the saving model UM and they fix everything, whereas you know,

0:34:55.920 --> 0:34:57.480
<v Speaker 1>back to you know America, it's like we just throw

0:34:57.480 --> 0:35:01.200
<v Speaker 1>everything away. Yeah, even even we went we were going

0:35:01.239 --> 0:35:03.000
<v Speaker 1>down on a surf trip and we were driving and

0:35:03.520 --> 0:35:06.680
<v Speaker 1>we're in Mexico and my friends truck broke down and

0:35:07.000 --> 0:35:09.399
<v Speaker 1>his starter had gone out, and he went and we

0:35:09.400 --> 0:35:11.200
<v Speaker 1>we towed it over to the shop and and they

0:35:11.280 --> 0:35:14.360
<v Speaker 1>rebuilt the starter. Like in America, they would never rebuild

0:35:14.360 --> 0:35:18.719
<v Speaker 1>a starter, they would just replace it. Right. It's extremely wasteful, right,

0:35:18.840 --> 0:35:24.160
<v Speaker 1>Like the whole energy debate really grinds my gears, the

0:35:24.239 --> 0:35:28.920
<v Speaker 1>energy as deics to climate emergency people forcing this narrative

0:35:30.239 --> 0:35:34.920
<v Speaker 1>on to the populace and again leveraging fear. Amberg, Yeah,

0:35:35.160 --> 0:35:38.000
<v Speaker 1>the world's gonna be under the oceans in twelve years,

0:35:38.320 --> 0:35:40.440
<v Speaker 1>or Gretty, you said that when you're sixty, When you're

0:35:40.440 --> 0:35:42.839
<v Speaker 1>twenty eight, I'm gonna call you and say, hey, well

0:35:42.880 --> 0:35:44.560
<v Speaker 1>they've all said it. Al Gore has been saying it

0:35:44.560 --> 0:35:47.040
<v Speaker 1>since like two thousand nine. Well that's another thing, Like

0:35:47.920 --> 0:35:52.399
<v Speaker 1>I forget the gentleman's name, but he was president Obama's

0:35:52.480 --> 0:35:56.879
<v Speaker 1>lead science advisor. He said that by the year one,

0:35:57.000 --> 0:36:00.520
<v Speaker 1>this year, there would be a billion climb it related

0:36:00.600 --> 0:36:04.359
<v Speaker 1>deaths due to climate change, and that's what they were

0:36:04.360 --> 0:36:07.440
<v Speaker 1>calling a climate change. Over the course of that thirty

0:36:07.440 --> 0:36:13.520
<v Speaker 1>six year period, climate related death fell by like literally

0:36:14.000 --> 0:36:18.600
<v Speaker 1>I become completely alex Epstein pilled. We we use these energies,

0:36:18.680 --> 0:36:20.600
<v Speaker 1>like the more electricity that we're using, the better off

0:36:20.680 --> 0:36:24.600
<v Speaker 1>humans are. The lower you drive the costs of electricity,

0:36:24.640 --> 0:36:27.040
<v Speaker 1>the more humans will flourish. And I think that's the message.

0:36:27.080 --> 0:36:29.560
<v Speaker 1>We need to start permugating. We need more electricity, we

0:36:29.600 --> 0:36:33.000
<v Speaker 1>need to use more energy. Of course, we should eliminate

0:36:33.040 --> 0:36:35.799
<v Speaker 1>waste and be as efficient as possible, which is like

0:36:35.880 --> 0:36:37.920
<v Speaker 1>where I think we help out a great American mining

0:36:38.719 --> 0:36:42.400
<v Speaker 1>by particularly using gas would otherwise be flared as a

0:36:42.480 --> 0:36:45.600
<v Speaker 1>way to create electricity, to to mind bitcoin, to create

0:36:45.600 --> 0:36:50.439
<v Speaker 1>positive economic value for producers and just the economy at large. Um.

0:36:50.560 --> 0:36:53.760
<v Speaker 1>But yeah, there again, there's a mass psychosis. There's people

0:36:54.480 --> 0:36:59.560
<v Speaker 1>driving narratives that find a no no base in logic

0:36:59.680 --> 0:37:04.080
<v Speaker 1>where reality and people are catching it hook line and

0:37:04.120 --> 0:37:07.080
<v Speaker 1>sinker because they have that amygdala that is that is

0:37:07.400 --> 0:37:10.680
<v Speaker 1>designed to react to fear, right, Yeah, I know you

0:37:10.760 --> 0:37:15.520
<v Speaker 1>want to just hopeful, but I can't like about to

0:37:15.920 --> 0:37:17.920
<v Speaker 1>dig into that energy thing that you just brought up.

0:37:17.920 --> 0:37:20.680
<v Speaker 1>That's a that's a good point to talk about. Um.

0:37:20.840 --> 0:37:23.480
<v Speaker 1>The first thing is, though, it's crazy because like everyone

0:37:24.120 --> 0:37:25.959
<v Speaker 1>I guess right, nobody wants to put the hard work

0:37:26.000 --> 0:37:28.000
<v Speaker 1>of like diet and exercise. I just want the magic

0:37:28.000 --> 0:37:30.120
<v Speaker 1>pill to lose weight. And I guess maybe the same

0:37:30.160 --> 0:37:31.719
<v Speaker 1>way with their education, Like I just want to read

0:37:31.760 --> 0:37:33.279
<v Speaker 1>a headline and I won't even bother to read the

0:37:33.320 --> 0:37:35.640
<v Speaker 1>article kind of thing or even think about it. So

0:37:35.840 --> 0:37:38.399
<v Speaker 1>like everyone's like repeating these headlines but without even it's

0:37:38.440 --> 0:37:40.680
<v Speaker 1>like stopping to think about it. A couple of things

0:37:40.719 --> 0:37:43.319
<v Speaker 1>about that it is crazy. So first of like if

0:37:43.360 --> 0:37:46.799
<v Speaker 1>if bitcoin waste energy, well what's a waste? Like one

0:37:46.800 --> 0:37:50.319
<v Speaker 1>man's trash is another men's treasure, isn't it Like there's

0:37:50.320 --> 0:37:52.520
<v Speaker 1>a bunch of like all that time consumed on TikTok,

0:37:52.520 --> 0:37:54.759
<v Speaker 1>how much energy is that wasting? Right or whatever? The

0:37:54.760 --> 0:37:56.520
<v Speaker 1>other thing that the other thing that's crazy is they

0:37:56.560 --> 0:37:59.319
<v Speaker 1>talk about you know, let's say that if if all

0:37:59.360 --> 0:38:02.480
<v Speaker 1>this is true and the climate does go up by

0:38:02.480 --> 0:38:04.279
<v Speaker 1>one point five degrees, what the goal is to get

0:38:04.280 --> 0:38:06.000
<v Speaker 1>it down by one point five. Let's say they don't

0:38:06.040 --> 0:38:07.319
<v Speaker 1>achieve that goal, so it doesn't go down by one

0:38:07.360 --> 0:38:11.719
<v Speaker 1>point five. Okay, Like I live in southern California. It's

0:38:11.719 --> 0:38:13.839
<v Speaker 1>the desert in Arizona. It's a hundred and twenty five

0:38:13.840 --> 0:38:17.120
<v Speaker 1>degrees in the summer. They created air conditioning. But but

0:38:17.200 --> 0:38:19.400
<v Speaker 1>the but the craziest part is those same people are

0:38:19.400 --> 0:38:23.040
<v Speaker 1>talking about how we're gonna go colonize Mars, which is

0:38:23.040 --> 0:38:29.239
<v Speaker 1>completely inhabitable, uninhabitable. Yeah, it's no, there's no basis in

0:38:29.280 --> 0:38:32.680
<v Speaker 1>reality or logic. Yeah, I'm sitting here. I'd skin in

0:38:32.719 --> 0:38:35.080
<v Speaker 1>the game. I live on a barrier island right now.

0:38:35.200 --> 0:38:38.439
<v Speaker 1>It's literally in the the ocean, this island in the bay.

0:38:38.520 --> 0:38:41.240
<v Speaker 1>That's all that's between here and the mainland southern New Jersey.

0:38:41.640 --> 0:38:44.600
<v Speaker 1>I've lived on this island my whole life. In the summers,

0:38:44.600 --> 0:38:48.799
<v Speaker 1>particularly if anywhere is going to like fall underwater, would

0:38:48.800 --> 0:38:52.000
<v Speaker 1>be this island. And yes, the island has experienced more

0:38:52.040 --> 0:38:53.960
<v Speaker 1>floods over the course of my life, but that's not

0:38:54.040 --> 0:38:57.879
<v Speaker 1>because of rising sea levels. It's because being ripped out

0:38:57.880 --> 0:39:00.839
<v Speaker 1>all the trees for the shitty houses and literally can't

0:39:00.840 --> 0:39:05.120
<v Speaker 1>absorb the water. And it is so Another example I'd

0:39:05.120 --> 0:39:08.880
<v Speaker 1>like to use is particularly bit like so bitcoin mining

0:39:08.920 --> 0:39:12.160
<v Speaker 1>industry gets picked on for one reason or another. Again,

0:39:12.200 --> 0:39:15.040
<v Speaker 1>like you mentioned why, why are people saying that bitcoin

0:39:15.160 --> 0:39:20.279
<v Speaker 1>miners converting energy into electricity as a waste. We'll get

0:39:20.280 --> 0:39:23.640
<v Speaker 1>into why or their justification for that statement in a

0:39:23.680 --> 0:39:28.040
<v Speaker 1>little bit. But there was a woman two months ago

0:39:28.200 --> 0:39:33.320
<v Speaker 1>in California posted a tweet with four pictures of bitcoin

0:39:33.440 --> 0:39:37.560
<v Speaker 1>mining warehouses. And you do the research to find out

0:39:37.560 --> 0:39:40.160
<v Speaker 1>where the mining warehouses is. I believe one was in Kazakhstan,

0:39:40.680 --> 0:39:42.919
<v Speaker 1>one was in China, one was in like upstate, New York,

0:39:42.960 --> 0:39:45.640
<v Speaker 1>and another somewhere else in the United States, not in California.

0:39:46.000 --> 0:39:49.719
<v Speaker 1>So she posted those four pictures of bitcoin mining warehouses

0:39:49.760 --> 0:39:52.240
<v Speaker 1>and she said, look at this, like all these bitcoin

0:39:52.280 --> 0:39:57.640
<v Speaker 1>miners are using all this electricity. Meanwhile here in California

0:39:57.680 --> 0:40:01.640
<v Speaker 1>were having rolling blackouts and brown outs, basically trying to

0:40:01.680 --> 0:40:06.560
<v Speaker 1>say that the energy being converted to electricity by the

0:40:06.600 --> 0:40:10.319
<v Speaker 1>bitcoin mining warehouses and completely different parts of the world,

0:40:10.480 --> 0:40:13.440
<v Speaker 1>nowhere near connected to the California energy grid, were the

0:40:13.520 --> 0:40:17.520
<v Speaker 1>cause for those rolling blackouts and brownouts in California, when

0:40:17.560 --> 0:40:20.320
<v Speaker 1>in fact the real cause. And I'm sure you're intimately

0:40:20.360 --> 0:40:22.920
<v Speaker 1>aware of this since you're from California. Is they decommission

0:40:23.040 --> 0:40:27.200
<v Speaker 1>natural gas and nuclear power plants without replenishing the power generation?

0:40:27.239 --> 0:40:30.200
<v Speaker 1>Like people literally don't understand how grids work or how

0:40:30.239 --> 0:40:33.640
<v Speaker 1>powers generate, or how delivered to individuals and why it's support.

0:40:33.719 --> 0:40:36.840
<v Speaker 1>And they literally just want to see the headline. Bitcoin

0:40:36.960 --> 0:40:40.160
<v Speaker 1>miners are using a lot of energy. They see that,

0:40:40.239 --> 0:40:42.760
<v Speaker 1>they say, hey, we're having blackouts here because the bitcoin

0:40:42.840 --> 0:40:46.480
<v Speaker 1>miner has no basis in reality or logic. Yet people

0:40:46.560 --> 0:40:49.880
<v Speaker 1>run with it. They are able to get fear clicks

0:40:49.920 --> 0:40:53.400
<v Speaker 1>and virtue signal clicks and quote retweets and all that,

0:40:53.480 --> 0:40:57.640
<v Speaker 1>and and somehow bitcoin gets demonized. Yeah, to to that point,

0:40:57.680 --> 0:41:01.399
<v Speaker 1>I know that intimately because how actually September of last year,

0:41:02.040 --> 0:41:04.120
<v Speaker 1>I was actually down in Mexico on a surf trip

0:41:04.160 --> 0:41:07.759
<v Speaker 1>down in Porto Escondido, and uh, there's like one paper

0:41:07.840 --> 0:41:09.920
<v Speaker 1>road the most through town. It's mostly all dirt roads.

0:41:10.280 --> 0:41:12.920
<v Speaker 1>And uh, and at home in California, they were having

0:41:13.000 --> 0:41:16.040
<v Speaker 1>the rolling blackouts. As you said, Yeah, no, it is asinine, right,

0:41:16.040 --> 0:41:18.840
<v Speaker 1>because they're they're there again. We saw it in Texas

0:41:18.840 --> 0:41:23.000
<v Speaker 1>this year. It's dangerous. Mark, Like I again, like you said,

0:41:22.440 --> 0:41:26.000
<v Speaker 1>you can before we started recording. You can feel me,

0:41:26.560 --> 0:41:28.880
<v Speaker 1>you said, you can notice that I'm getting more outspoken

0:41:28.920 --> 0:41:31.120
<v Speaker 1>against because I think it's imperative, right these people, if

0:41:31.160 --> 0:41:34.160
<v Speaker 1>they get their way, it is gonna be terrible for humanity.

0:41:34.200 --> 0:41:37.600
<v Speaker 1>They're pushing us towards unreliable energy resources and wind and

0:41:37.600 --> 0:41:40.600
<v Speaker 1>solar particularly, And I don't think these people actually care

0:41:40.640 --> 0:41:43.160
<v Speaker 1>about renewable energy. I think they want control, and I

0:41:43.160 --> 0:41:45.839
<v Speaker 1>think they want us to use less electricity and less

0:41:45.920 --> 0:41:49.960
<v Speaker 1>energy because he has some weird, like hippie mindset that

0:41:49.960 --> 0:41:52.480
<v Speaker 1>that we need to protect mother Earth and like just

0:41:52.560 --> 0:41:55.200
<v Speaker 1>live off the land, which is not gonna happen many more.

0:41:55.520 --> 0:41:57.919
<v Speaker 1>Nature is a vicious bitch and she will kill all

0:41:57.960 --> 0:41:59.800
<v Speaker 1>of us if we revert to that type of living.

0:42:00.200 --> 0:42:02.520
<v Speaker 1>And they're pushing us towards these unreliable sources and like,

0:42:02.960 --> 0:42:05.120
<v Speaker 1>and again, the reason why I think it's evil and

0:42:05.120 --> 0:42:07.920
<v Speaker 1>they actually don't care about renewable energy, it's very anti

0:42:08.000 --> 0:42:11.000
<v Speaker 1>human is because they don't advocate for nuclear, which is

0:42:11.040 --> 0:42:14.360
<v Speaker 1>like the cleanest, most energy debt energy source that you

0:42:14.400 --> 0:42:17.759
<v Speaker 1>have on there. The decommit, their decommission, the power plants

0:42:17.800 --> 0:42:20.560
<v Speaker 1>all across the country, and what is really fucked up

0:42:20.560 --> 0:42:23.120
<v Speaker 1>about all this is that it affects the poor the worst.

0:42:23.200 --> 0:42:26.840
<v Speaker 1>You you raise electricity prices and it affects the poor

0:42:26.920 --> 0:42:29.799
<v Speaker 1>the most aggressively rich people, it's gonna suck. They're going

0:42:29.880 --> 0:42:31.640
<v Speaker 1>to pay more for electricity, but they will be fine.

0:42:31.760 --> 0:42:35.360
<v Speaker 1>Their lives are not going to change that materially, but

0:42:35.400 --> 0:42:38.839
<v Speaker 1>the poor people is going to change. It's literally like

0:42:38.880 --> 0:42:43.560
<v Speaker 1>a racist, anti poor person policy. Uh yeah, And it's

0:42:43.600 --> 0:42:45.759
<v Speaker 1>coming from people who act like they want to save

0:42:45.800 --> 0:42:49.799
<v Speaker 1>the world and I want to uplift the struggling common man,

0:42:49.920 --> 0:42:54.640
<v Speaker 1>and it's complete bullshit. Yeah, I want to I want

0:42:54.680 --> 0:42:55.840
<v Speaker 1>to go back to a little bit of a message

0:42:55.840 --> 0:42:58.120
<v Speaker 1>of hope and talk about how bitcoin is actually good

0:42:58.200 --> 0:43:00.439
<v Speaker 1>for the environment as opposed to the bad. But before

0:43:00.440 --> 0:43:04.120
<v Speaker 1>I do, I want to make one more um, you know,

0:43:04.200 --> 0:43:06.319
<v Speaker 1>to that point in that video that I made talking

0:43:06.320 --> 0:43:10.720
<v Speaker 1>about that policy. I talked about I have a problem

0:43:10.719 --> 0:43:12.759
<v Speaker 1>that everyone has this very rigid thinking and they don't

0:43:12.800 --> 0:43:16.759
<v Speaker 1>consider that everything is a tradeoff everything, And so I

0:43:16.840 --> 0:43:19.680
<v Speaker 1>made the calculation that in order. So obviously when it's

0:43:19.719 --> 0:43:21.520
<v Speaker 1>solar only works for part of the day, right when

0:43:21.520 --> 0:43:23.960
<v Speaker 1>the sun's outer, when the winds blowing, so then you

0:43:24.000 --> 0:43:26.279
<v Speaker 1>have unreliable power. So then you have to be able

0:43:26.320 --> 0:43:27.920
<v Speaker 1>to store the power, right, so you have to have

0:43:27.960 --> 0:43:31.279
<v Speaker 1>some sort of batteries. Um, the largest battery manufacturing the

0:43:31.320 --> 0:43:33.600
<v Speaker 1>United States is the Giga Factory, and it would take

0:43:33.640 --> 0:43:35.560
<v Speaker 1>I believe the math I had worked out in the

0:43:35.640 --> 0:43:40.600
<v Speaker 1>video is five thousand years to make enough batteries to

0:43:40.640 --> 0:43:45.000
<v Speaker 1>store the energy for the ust for one day. And okay,

0:43:45.000 --> 0:43:47.480
<v Speaker 1>so that okay, So just that, okay, But then think

0:43:47.520 --> 0:43:52.040
<v Speaker 1>about this. What goes into the batteries rare earth minerals, elements,

0:43:52.080 --> 0:43:54.759
<v Speaker 1>Where do those come from from the ground? How do

0:43:54.800 --> 0:43:59.239
<v Speaker 1>they get them from mining? And it's been whatever it

0:43:59.280 --> 0:44:01.160
<v Speaker 1>is six eight since I made the videos. I don't remember,

0:44:01.200 --> 0:44:03.080
<v Speaker 1>not off top of my head. But they had to

0:44:03.120 --> 0:44:06.520
<v Speaker 1>turn over tons of ground to get enough minerals for

0:44:06.560 --> 0:44:08.839
<v Speaker 1>one battery, so like they would literally have to like

0:44:08.880 --> 0:44:11.279
<v Speaker 1>dig up half the world, and most of it's in

0:44:11.320 --> 0:44:14.080
<v Speaker 1>the Amazon. That's that's why most of the Amazon is

0:44:14.120 --> 0:44:15.880
<v Speaker 1>burning because they're trying to get the minerals. So you

0:44:15.920 --> 0:44:18.360
<v Speaker 1>have to dig up like half the world, turn it

0:44:18.440 --> 0:44:21.520
<v Speaker 1>over with tractors and diesel and child labor and all

0:44:21.560 --> 0:44:24.759
<v Speaker 1>that to get to get the minerals for the batteries.

0:44:25.880 --> 0:44:28.080
<v Speaker 1>That's the trade off. Like does that sound like a

0:44:28.080 --> 0:44:30.560
<v Speaker 1>worthwhile trade off? And like you just have to understand

0:44:30.600 --> 0:44:32.800
<v Speaker 1>those things. And that's just for the batteries. If you

0:44:33.000 --> 0:44:35.000
<v Speaker 1>you want to create the solar panels, like you have

0:44:35.080 --> 0:44:37.239
<v Speaker 1>to burn and clean amount of cold to get like

0:44:37.280 --> 0:44:39.719
<v Speaker 1>you literally have to burn cold because nothing else gets

0:44:39.719 --> 0:44:43.560
<v Speaker 1>hot enough to create the materials necessary to create the

0:44:43.560 --> 0:44:47.319
<v Speaker 1>panels for solar specifically, and like this is this is

0:44:47.360 --> 0:44:50.760
<v Speaker 1>the problem. Like I'm not like I'm all for electricity generation,

0:44:50.840 --> 0:44:52.200
<v Speaker 1>Like if if we figure out a way to do

0:44:52.239 --> 0:44:55.200
<v Speaker 1>wind and solar, I'm all for it. Like I'm not

0:44:55.600 --> 0:44:58.799
<v Speaker 1>bi wind and solar. I'm just like I'm anti the

0:44:58.840 --> 0:45:01.400
<v Speaker 1>fact that they're unreliable and the tradeoffs like you just

0:45:01.480 --> 0:45:05.560
<v Speaker 1>mentioned are not are not articulated up front. The argument

0:45:05.560 --> 0:45:08.919
<v Speaker 1>that is being made by these crazy people is one

0:45:09.000 --> 0:45:11.719
<v Speaker 1>that is not based again in reality, or they're not

0:45:11.760 --> 0:45:14.919
<v Speaker 1>doing it genuine it's not a genuine argument they're making.

0:45:14.960 --> 0:45:17.920
<v Speaker 1>They're they're hiding a lot of the facts and a

0:45:17.960 --> 0:45:21.440
<v Speaker 1>lot of the externalities that go into the the production

0:45:21.560 --> 0:45:24.000
<v Speaker 1>of the energy resources they're trying to bring to market.

0:45:24.040 --> 0:45:26.880
<v Speaker 1>And it's it's again, it's anti human. It's going to

0:45:26.960 --> 0:45:31.560
<v Speaker 1>set us back. And I get with bitcoin, specifically a

0:45:31.600 --> 0:45:34.880
<v Speaker 1>bitcoin as a rallying cry, Like Bitcoin has emboldened me

0:45:35.000 --> 0:45:37.839
<v Speaker 1>to to really call out bullshit in the world. It's

0:45:37.840 --> 0:45:39.839
<v Speaker 1>a good thing about number go up and having fuck

0:45:39.880 --> 0:45:41.879
<v Speaker 1>you money is like you can just start to stand

0:45:41.960 --> 0:45:44.560
<v Speaker 1>up to these people, not worried about getting canceled. That like,

0:45:45.080 --> 0:45:47.680
<v Speaker 1>we don't need to count up to these people anymore.

0:45:48.120 --> 0:45:50.320
<v Speaker 1>And so like, the way bitcoin makes us more energy

0:45:50.360 --> 0:45:53.040
<v Speaker 1>efficient is insane. And that's why it's insane that people

0:45:53.080 --> 0:45:56.520
<v Speaker 1>pick on bitcoin for its energy conversion, is because it

0:45:56.600 --> 0:45:59.040
<v Speaker 1>actually makes us more efficient. Again a great American binding.

0:45:59.360 --> 0:46:02.240
<v Speaker 1>We go to to well pads, we go to remote

0:46:02.280 --> 0:46:07.319
<v Speaker 1>areas in North Dakota, Wyoming, Texas, show up, we say, hey,

0:46:07.560 --> 0:46:10.280
<v Speaker 1>don't just set that natural gas on fire. You're literally

0:46:10.280 --> 0:46:13.360
<v Speaker 1>just wasting it. There's the ability to take that natural gas,

0:46:13.360 --> 0:46:15.960
<v Speaker 1>that precious resource, and to get economic value out of it.

0:46:16.400 --> 0:46:18.360
<v Speaker 1>To just set it on fire and send it to

0:46:18.360 --> 0:46:20.880
<v Speaker 1>the atmospheres is an incredible shame that we should all

0:46:20.920 --> 0:46:23.600
<v Speaker 1>be ashamed about. We show up, we say, hey, instead

0:46:23.600 --> 0:46:25.160
<v Speaker 1>of piping that to a flair stack, pipe it to

0:46:25.239 --> 0:46:29.560
<v Speaker 1>our our generators. Will create electricity. Mind Bitcoin boom, You're

0:46:29.600 --> 0:46:32.680
<v Speaker 1>able to take the scarce energy molecule and represent it

0:46:32.719 --> 0:46:35.200
<v Speaker 1>in the scarce digital good and you create like a

0:46:35.280 --> 0:46:38.080
<v Speaker 1>liquid market for these stranded assets. So that's only with

0:46:38.200 --> 0:46:42.160
<v Speaker 1>natural gas. Again, with renewables too, it's going out there

0:46:42.160 --> 0:46:45.840
<v Speaker 1>and it's fine. It's stranded hydroelectric and geothermal particularly, and

0:46:45.880 --> 0:46:48.960
<v Speaker 1>it's taking advantage of those energy resources that exists out there.

0:46:49.120 --> 0:46:52.480
<v Speaker 1>And and that's the other ironic thing about people picking

0:46:52.520 --> 0:46:56.399
<v Speaker 1>on bitcoin mining as an industry particularly, is that as

0:46:56.440 --> 0:46:59.960
<v Speaker 1>an industry, it literally has the highest penetration of renewable

0:47:00.719 --> 0:47:04.840
<v Speaker 1>energy as the source for for the industry out of anything,

0:47:04.880 --> 0:47:09.279
<v Speaker 1>Like it's the sm estimates range for like like even

0:47:09.320 --> 0:47:13.879
<v Speaker 1>if it was, it would be the highest by penetration

0:47:14.000 --> 0:47:17.239
<v Speaker 1>out there, and like, so it's orders of magnitude more

0:47:17.320 --> 0:47:20.680
<v Speaker 1>green than any other industry. Yet people decide to pick

0:47:20.719 --> 0:47:22.560
<v Speaker 1>on it. Again, why do they pick on it Because

0:47:22.600 --> 0:47:25.319
<v Speaker 1>it's a lot of communists who don't like the fact

0:47:25.320 --> 0:47:28.640
<v Speaker 1>that they can't control bitcoin, particularly it's monetary policy, and

0:47:28.640 --> 0:47:30.719
<v Speaker 1>they don't think it provides any utility in the world,

0:47:30.719 --> 0:47:34.120
<v Speaker 1>which is just objectively false. Like I'm sure it has

0:47:34.120 --> 0:47:36.600
<v Speaker 1>provided you a lot of utilities, provided media a lot

0:47:36.600 --> 0:47:38.960
<v Speaker 1>of utility as a savings vehicle. And I would love

0:47:38.960 --> 0:47:41.520
<v Speaker 1>for these people to go to these places where bitcoin

0:47:41.600 --> 0:47:45.040
<v Speaker 1>is providing incredible utility for people and say it to

0:47:45.040 --> 0:47:49.440
<v Speaker 1>their faces. Again, they're they're basing these arguments from a

0:47:49.480 --> 0:47:52.200
<v Speaker 1>place that isn't based in reality, and it is literal

0:47:52.280 --> 0:47:55.160
<v Speaker 1>virtue signaling um. And I think it is because they

0:47:55.200 --> 0:47:58.360
<v Speaker 1>want to be able to control, uh, how the world

0:47:58.400 --> 0:48:01.040
<v Speaker 1>works and how people interact with the world, and they

0:48:01.080 --> 0:48:04.880
<v Speaker 1>can't control bitcoin, and it really pissed at them off. Yeah,

0:48:05.600 --> 0:48:07.480
<v Speaker 1>I'd like to add to that with one thing I

0:48:07.480 --> 0:48:09.000
<v Speaker 1>was kind of thinking when you're talking about that, was,

0:48:09.360 --> 0:48:11.840
<v Speaker 1>you know, it's it's an attack on lots of things, obviously,

0:48:12.040 --> 0:48:15.920
<v Speaker 1>and and there's an attack on capitalism obviously, Right, capitalism

0:48:15.960 --> 0:48:18.600
<v Speaker 1>is slavery now and capitalism kills people all these things,

0:48:19.280 --> 0:48:22.600
<v Speaker 1>but really capitalism, maybe we need to abandon that word.

0:48:22.719 --> 0:48:26.280
<v Speaker 1>But like free in a free market, competitive system, entrepreneurs

0:48:26.320 --> 0:48:28.839
<v Speaker 1>are out there trying to turn trash into treasure. They're

0:48:28.840 --> 0:48:31.960
<v Speaker 1>not wasting No entrepreneur, no business owners don't go out

0:48:31.960 --> 0:48:35.400
<v Speaker 1>there and waste resources. You're trying to conserve and maximize resources.

0:48:35.400 --> 0:48:37.120
<v Speaker 1>And so what I love about what you know the

0:48:37.160 --> 0:48:39.920
<v Speaker 1>mining companies are doing is you're literally going and taking

0:48:39.960 --> 0:48:43.480
<v Speaker 1>trash that's harmful and you're turning it into something good

0:48:43.480 --> 0:48:47.040
<v Speaker 1>and productive. It's not a waste. That's actually the opposite

0:48:47.040 --> 0:48:50.200
<v Speaker 1>of waste, right, I mean a waste is I mean

0:48:50.280 --> 0:48:52.160
<v Speaker 1>you could say why do we have the internet, Like

0:48:52.200 --> 0:48:55.320
<v Speaker 1>why not just read newspapers? Right that that's a waste.

0:48:55.320 --> 0:48:57.319
<v Speaker 1>I mean everything is a waste. But they're but you're

0:48:57.360 --> 0:49:00.960
<v Speaker 1>literally taking trash that's bad and then you're turning it

0:49:01.040 --> 0:49:05.560
<v Speaker 1>into traitor Yeah, it's it's making us extremely energy efficient,

0:49:05.920 --> 0:49:08.080
<v Speaker 1>which is something that we should be striving to do.

0:49:08.280 --> 0:49:11.400
<v Speaker 1>And that's another thing to like that A lot of

0:49:11.440 --> 0:49:15.839
<v Speaker 1>these climate hysterics are are very hypocritical. Like I get

0:49:15.880 --> 0:49:18.200
<v Speaker 1>into like I'm get invited to a lot of debates

0:49:19.160 --> 0:49:23.120
<v Speaker 1>with them throughout the cryptocurrency space because of what I

0:49:23.160 --> 0:49:25.200
<v Speaker 1>do a great American mining. They look at us, you're

0:49:25.280 --> 0:49:28.239
<v Speaker 1>using fossil fuels. Is your energy generation source? Like you're

0:49:28.760 --> 0:49:32.760
<v Speaker 1>destroying the Internet and you're extruding the world. Excuse me, um.

0:49:32.800 --> 0:49:35.279
<v Speaker 1>But like when you when you like push them, it's

0:49:35.280 --> 0:49:38.640
<v Speaker 1>like all right, asshole, we're doing this video conference. You're

0:49:38.680 --> 0:49:40.680
<v Speaker 1>in Germany, I'm in the United States. You're using a

0:49:40.800 --> 0:49:42.840
<v Speaker 1>video conference, Like we could do this audio only, we

0:49:42.880 --> 0:49:44.520
<v Speaker 1>could do this phone call. It would consume a lot

0:49:44.600 --> 0:49:47.719
<v Speaker 1>less energy. Why aren't we doing that? You're you're all

0:49:47.800 --> 0:49:51.280
<v Speaker 1>day tweeting about all this and that tweets being stored

0:49:51.320 --> 0:49:53.120
<v Speaker 1>on a server that takes up a lot of energy,

0:49:53.160 --> 0:49:55.040
<v Speaker 1>Like why tweet? You should be sending You should be

0:49:55.040 --> 0:49:58.440
<v Speaker 1>sending snail mail to get your out there. Like it again,

0:49:58.480 --> 0:50:05.080
<v Speaker 1>the moralization of energy consumption or energy conversion to electricity

0:50:06.040 --> 0:50:08.960
<v Speaker 1>is a weird and very creepy thing, Like if somebody's

0:50:08.960 --> 0:50:11.080
<v Speaker 1>willing to pay for electricity, they should be able to

0:50:11.120 --> 0:50:14.840
<v Speaker 1>do whatever they want for it. And bitcoin miners go

0:50:14.960 --> 0:50:17.960
<v Speaker 1>to extreme lengths to make us more energy efficiently. We're

0:50:17.960 --> 0:50:20.520
<v Speaker 1>in the middle of North Dakota and places that nobody

0:50:20.520 --> 0:50:24.520
<v Speaker 1>else wants to go converting this gas to electricity because

0:50:24.520 --> 0:50:27.280
<v Speaker 1>nobody else will. We're literally bringing the market to the molecule.

0:50:27.440 --> 0:50:34.280
<v Speaker 1>We're setting up uh infrastructure to to monetize stranded energy sources,

0:50:34.320 --> 0:50:39.879
<v Speaker 1>which is a beautiful thing. Yeah yeah, yeah, I mean

0:50:40.120 --> 0:50:43.560
<v Speaker 1>just it's it's insane from so many levels being being

0:50:43.600 --> 0:50:55.959
<v Speaker 1>told what is what isn't ah essential? Right? Yeah, that's

0:50:56.000 --> 0:50:58.799
<v Speaker 1>not a good use for energy. This is things like

0:50:58.840 --> 0:51:00.840
<v Speaker 1>that I would say, and I know you're you know,

0:51:01.040 --> 0:51:04.200
<v Speaker 1>foll lose you again. The don't say is another thing

0:51:04.239 --> 0:51:09.960
<v Speaker 1>going back to any working on stranding gass, but even

0:51:10.160 --> 0:51:12.480
<v Speaker 1>back to the solar, I think it helps a lot

0:51:12.520 --> 0:51:14.560
<v Speaker 1>there because the problem with solar is it draws on

0:51:14.640 --> 0:51:17.960
<v Speaker 1>the energy source. And like those power stations, they can't run.

0:51:19.280 --> 0:51:23.200
<v Speaker 1>I still got you. Yeah, yeah, they can't run. They

0:51:23.200 --> 0:51:25.279
<v Speaker 1>can't just run during the day and then shut run

0:51:25.360 --> 0:51:27.200
<v Speaker 1>during night and shut off during the day. And like

0:51:27.239 --> 0:51:30.600
<v Speaker 1>bitcoin mining could like be used to like augment that

0:51:30.719 --> 0:51:32.880
<v Speaker 1>right so that you could mind during the day, shut

0:51:32.920 --> 0:51:35.359
<v Speaker 1>it off, left the houses pfull at night. So there's

0:51:35.360 --> 0:51:38.719
<v Speaker 1>a lot of ways that it can be used actually

0:51:39.120 --> 0:51:42.239
<v Speaker 1>be good and offset And uh, I wanna. I think

0:51:42.360 --> 0:51:44.160
<v Speaker 1>I'd like as an industry just to kind of instead

0:51:44.160 --> 0:51:46.280
<v Speaker 1>of always be on the defensive and trying to defend,

0:51:46.360 --> 0:51:48.719
<v Speaker 1>like kind of be a little bit more offensive on

0:51:48.760 --> 0:51:52.759
<v Speaker 1>that message. You know, I think I could use that completely. Agree.

0:51:53.040 --> 0:51:55.279
<v Speaker 1>That's like one thing that we've made a point at

0:51:55.320 --> 0:51:57.520
<v Speaker 1>Great American Biance why we have our podcast to be

0:51:57.600 --> 0:52:00.480
<v Speaker 1>more offensive, Like, hey, what we're doing is good. It's

0:52:00.480 --> 0:52:02.560
<v Speaker 1>providing a lot of value to the producers. We work

0:52:02.600 --> 0:52:04.440
<v Speaker 1>with the producers we work with or providing a lot

0:52:04.440 --> 0:52:07.360
<v Speaker 1>of value to the overall economy because they're providing a

0:52:08.200 --> 0:52:11.719
<v Speaker 1>resource that is essential to make our everyday life possible.

0:52:11.840 --> 0:52:15.759
<v Speaker 1>UM and yeah, that's going caltel to these people. Like

0:52:15.760 --> 0:52:19.560
<v Speaker 1>a particularly renewable energy Again, bitcoin mining is the highest

0:52:19.560 --> 0:52:23.440
<v Speaker 1>penetration of renewable energy as a source of electricity across

0:52:23.480 --> 0:52:26.880
<v Speaker 1>any industry in the world, and so pretty weird and

0:52:26.920 --> 0:52:29.880
<v Speaker 1>annoying that it gets picked on. UM And then, like

0:52:29.960 --> 0:52:33.480
<v Speaker 1>you said, it actually incentivizes the overproduction of renewable energy.

0:52:33.520 --> 0:52:36.319
<v Speaker 1>So you can have these demand response systems where you

0:52:36.360 --> 0:52:40.680
<v Speaker 1>can actually deliver the electricity UM to the market when

0:52:40.719 --> 0:52:42.840
<v Speaker 1>they need it most. And that's because you're able to

0:52:42.880 --> 0:52:48.359
<v Speaker 1>subsidize the construction and maintenance of these renewable projects because

0:52:48.400 --> 0:52:51.360
<v Speaker 1>you have a buyer of last resort and bitcoin miners

0:52:51.360 --> 0:52:53.440
<v Speaker 1>so actually pay for the electricity when nobody else is

0:52:53.440 --> 0:52:57.960
<v Speaker 1>willing to UM and so creates these incredible efficiencies all

0:52:58.000 --> 0:53:01.279
<v Speaker 1>throughout the energy UH industry, whether it be in the

0:53:01.320 --> 0:53:04.080
<v Speaker 1>fossil fuel part of it or the renewable part of it.

0:53:04.080 --> 0:53:06.239
<v Speaker 1>It's a beautiful thing. It's something that we should be

0:53:06.760 --> 0:53:11.000
<v Speaker 1>celebrating aggressively and bossifarious Lee. I mean, yet you have

0:53:11.000 --> 0:53:15.040
<v Speaker 1>a bunch of communist idiots who um just have decided

0:53:15.080 --> 0:53:16.920
<v Speaker 1>to pick on bitcoin for one reason or another. And

0:53:16.960 --> 0:53:19.200
<v Speaker 1>again I think it's because they can't control and it

0:53:19.280 --> 0:53:24.279
<v Speaker 1>represents a true free market money. Um that pisses them

0:53:24.280 --> 0:53:30.160
<v Speaker 1>awful lot. Yeah alright, well, good stuff. We cover a

0:53:30.200 --> 0:53:31.600
<v Speaker 1>lot of ground. I think that it's probably good a

0:53:31.600 --> 0:53:34.239
<v Speaker 1>good point to drop off there. But I just love

0:53:34.280 --> 0:53:36.399
<v Speaker 1>to see it. I love like like we've talked about,

0:53:36.480 --> 0:53:39.160
<v Speaker 1>you know, just giving people that message of hope and

0:53:39.160 --> 0:53:41.640
<v Speaker 1>and it's attracting people and now people are coming out

0:53:41.680 --> 0:53:44.480
<v Speaker 1>with solutions like what you're doing. It's awesome. Um, anything

0:53:44.560 --> 0:53:47.319
<v Speaker 1>last things that you want to close it out with. Yeah,

0:53:47.440 --> 0:53:52.239
<v Speaker 1>and I've been on the aggressive part. I'm jacked up today. Yeah.

0:53:52.280 --> 0:53:57.160
<v Speaker 1>Bitcoin provides hope. If you want to opt into a

0:53:57.200 --> 0:54:00.120
<v Speaker 1>system where you can verify everything that's going on, you

0:54:00.160 --> 0:54:02.880
<v Speaker 1>can actually contribute, and you have some control over it,

0:54:02.920 --> 0:54:06.360
<v Speaker 1>particularly your money. Like you you control your money and

0:54:06.360 --> 0:54:08.160
<v Speaker 1>you know that it's not going to be debased, and

0:54:08.239 --> 0:54:10.839
<v Speaker 1>you're gonna be able to verify that every block they

0:54:11.040 --> 0:54:17.279
<v Speaker 1>come do research on bitcoin, it's it's enabling a new

0:54:17.320 --> 0:54:21.360
<v Speaker 1>economy to be built in a new way of organizing

0:54:21.360 --> 0:54:23.840
<v Speaker 1>between humans and the people in the bitcoin space, at

0:54:23.880 --> 0:54:25.640
<v Speaker 1>least that I've come into contact with, or some of

0:54:25.680 --> 0:54:29.839
<v Speaker 1>the smartest uh and most ingenious people that I've ever

0:54:29.880 --> 0:54:32.160
<v Speaker 1>met in my life that are they're doing beautiful things,

0:54:32.200 --> 0:54:33.759
<v Speaker 1>and they're doing it because they just want to build

0:54:33.760 --> 0:54:36.439
<v Speaker 1>a better future. That people in charge do not care

0:54:36.480 --> 0:54:40.520
<v Speaker 1>about us. They are leading us down a terrible path,

0:54:40.920 --> 0:54:44.000
<v Speaker 1>and we can't depend on them to make the change

0:54:44.040 --> 0:54:45.320
<v Speaker 1>that we need in this world. We need to do

0:54:45.360 --> 0:54:48.959
<v Speaker 1>it ourselves, and bitcoin provides an incredible vehicle through which

0:54:49.000 --> 0:54:51.319
<v Speaker 1>to to bring the change that we need to to

0:54:51.440 --> 0:54:55.719
<v Speaker 1>rest control from these kleptocrats and actually ensure that we

0:54:55.760 --> 0:55:01.440
<v Speaker 1>have freedom and liberty and the digital age. Awesome, awesome,

0:55:01.480 --> 0:55:03.560
<v Speaker 1>good stuff, good way. That good note to end it

0:55:03.560 --> 0:55:07.000
<v Speaker 1>on too. I'm gonna make sure to link your uh,

0:55:07.880 --> 0:55:10.799
<v Speaker 1>your the your podcast, the mining, and your Twitter on

0:55:10.840 --> 0:55:13.440
<v Speaker 1>the show notes, any um, any anything else coming up

0:55:13.440 --> 0:55:15.239
<v Speaker 1>that people should be wherever they should follow you. Are

0:55:15.239 --> 0:55:18.359
<v Speaker 1>those the best places? Yeah, Twitter's best place at Marty

0:55:18.400 --> 0:55:21.160
<v Speaker 1>Bent That's where I hang out most uh T FTC

0:55:21.280 --> 0:55:24.799
<v Speaker 1>dot io is my website with all my content. Gam

0:55:24.920 --> 0:55:27.200
<v Speaker 1>dot ai, g A M dot ai. It's the Great

0:55:27.200 --> 0:55:29.799
<v Speaker 1>America Mining website. If you want to figure out what

0:55:29.800 --> 0:55:33.040
<v Speaker 1>we're doing. Um yeah, keep keep fighting a good fight. Mark,

0:55:33.080 --> 0:55:33.800
<v Speaker 1>thank you for having me on