Speaker 1: You know, if you've looked at big cycles and things
Speaker 1: like you know, the fourth Turning for example, right, you
Speaker 1: can see how like the generation that we have today,
Speaker 1: obviously being shaped by those experiences, has a distrust for
Speaker 1: these legacy institutions, the centralized institutions. It's a very like
Speaker 1: insiders club, and if you're not in it, you're not
Speaker 1: going to be able to do anything to change that system.
Speaker 1: So that pin provides a system in which you can
Speaker 1: build in parallel and build a competing financial system and
Speaker 1: arguably like a system through which to coordinate economic activity.
Speaker 1: People are out there building a parallel system. They're not
Speaker 1: living in fear like, they're just out there doing it.
Speaker 1: The statistics on the CDC website it is acidine that
Speaker 1: we're forcing children to wear a mask. A bitcoin waste energy, Well,
Speaker 1: what's a waste Like one man's trash is another men's treasure,
Speaker 1: isn't it to measure value throughout economy? You you distort
Speaker 1: economic decisions, particularly capital allocation can So it's a good
Speaker 1: argument to be made because we've the money by going
Speaker 1: off of sound monetary standard and completely detaching ourselves one
Speaker 1: just printing money out of nothing, pretending like there's going
Speaker 1: to be no consequences that you have a massive miss
Speaker 1: allocation of capital. Well, a tensions ineering and all time high,
Speaker 1: and the fears of the dollars reset, a currency collapse,
Speaker 1: and the Great Reset are all looming. Of course, people's
Speaker 1: feelings of fear, uncertainty, and doubt about the future are
Speaker 1: running at all time highs. But there is hope. There's
Speaker 1: a new system that's being built in parallels, being built
Speaker 1: alongside the legacy system, and it's attracting some of the
Speaker 1: smartest people in the world to come and build, to
Speaker 1: transact and conduct business. Now, today I'm sitting down with
Speaker 1: Marty ben to spearheading a movement to fix some of
Speaker 1: these legacy systems that are broken, including education, energy, and
Speaker 1: even the environment. Now we discuss a wide range of topics,
Speaker 1: including how the events of nine eleven and the great
Speaker 1: financial crash of two thousand and eight really shaped the
Speaker 1: worldview of these young adults, how the legacy systems have
Speaker 1: evolved to work against people's best interests, and how by
Speaker 1: fixing the pricing system of the world, we can fix
Speaker 1: almost everything else. Now, there's so much good stuff that
Speaker 1: we covered here, So let's just go ahead and just
Speaker 1: jump right into it with Marty. Hey, everyone, welcome to
Speaker 1: another episode of the Market Disruptor Show. And today I'm
Speaker 1: sitting down with Marty Bent. He is the host of
Speaker 1: the Tales from the Crypt podcast and he's also director
Speaker 1: of business development for Great American Mining. Um. He's a
Speaker 1: lover of liberty, a patriot, and a freedom maximalist, will say,
Speaker 1: And so I want to dig into some conversations. Episode
Speaker 1: ex had to have you, Marty, Thanks for joining, Thanks
Speaker 1: for having me Mark, I'm excited for this conversation. Yeah. So, um,
Speaker 1: you know, as I was kind of saying before, you know,
Speaker 1: you know, seeing that content you're putting out, which is
Speaker 1: a lot obviously hosting the Tales from the Crypt podcast,
Speaker 1: And I know you write the newsletter. You've been doing
Speaker 1: that for a long time. Um, and I think, uh so, anyway,
Speaker 1: I've been falling for a long time. Why don't you
Speaker 1: just tell everybody else kind of like what you're working
Speaker 1: on so they get an idea before we kind of
Speaker 1: dig into this. Yeah, So the podcast, it was an
Speaker 1: extension of the newsletter. So I started the newsletter Martys
Speaker 1: Bent around this time in seventeen June seventeen so about
Speaker 1: almost four years ago, exactly less than months, three years
Speaker 1: and eleven months ago. And I started that because I
Speaker 1: was known throughout my friend and family group as the
Speaker 1: the bitcoin guy, because I'd been falling down the bitcoin
Speaker 1: rabbit hole since when I was in college. And around
Speaker 1: that time, in twenty seventeen, the price of bitcoin was
Speaker 1: going up, the price of all coins was going up,
Speaker 1: and everybody in my immediate circle was like, all right, Marty,
Speaker 1: what the hell is going on here? And it was
Speaker 1: just the deluge of text and emails calls, and I
Speaker 1: was like, all right, this is getting overwhelming. I'm gonna
Speaker 1: write this daily newsletter. Marty's bent to in and date
Speaker 1: you with a little bit of bitcoin information, day by day,
Speaker 1: daily newsletter, five days a week. So it started out
Speaker 1: as that, and I started posting the newsletter to Twitter
Speaker 1: with links, like all right, I'm gonna send this my
Speaker 1: family and friends. Let's see if the Twitter verse likes
Speaker 1: it took on a life of its own. Got introduced
Speaker 1: to a gentleman at Barstool Sports, the big media company
Speaker 1: here in the Northeast, and it was talking to him,
Speaker 1: introduced him to my newsletter. We were talking about bitcoin,
Speaker 1: and he convinced me to start Tales from the Crypto podcast.
Speaker 1: So that started, I believe early September late August, and
Speaker 1: again that was an extension of podcast. People were liking
Speaker 1: the written content, and so I started Tales from the
Speaker 1: crypt to give them some audio content and to introduce
Speaker 1: them to people building in the bitcoin space and whether
Speaker 1: it be code at the protocol level, apps and building
Speaker 1: theses around the economics innovation around bitcoin as well in
Speaker 1: the monetary revolution that it that it presents the world.
Speaker 1: So I did that for a time and then around
Speaker 1: the beginning of eighteen a goat introduced the team at
Speaker 1: Great American Mining. They told me what they were doing
Speaker 1: with their mining operation. I was working up our stool
Speaker 1: full time at that that point, selling podcast advertising UH
Speaker 1: to two Barstool's network and using their studios after hours
Speaker 1: to record Tales in the crypt and decided UH that
Speaker 1: I wanted to come. Even though working for barstool is
Speaker 1: a really cool experience, it's something that a lot of
Speaker 1: the new asset as well. Lots of ways you can
Speaker 1: do this. UM and Block five is the company that
Speaker 1: I recommend. Down in the description, I have a link
Speaker 1: that you can click on if you choose to use
Speaker 1: that link. You can earn up the two U fifty
Speaker 1: dollars in bitcoin just for using that link, So check
Speaker 1: out block Fine. Now, men my age particularly would killed
Speaker 1: to be in that position. But I was truly just
Speaker 1: drawn towards bitcoin and Grant American Mining presented an opportunity
Speaker 1: to go work full time outside the podcast and the
Speaker 1: newsletter on bitcoin. They sort of jumped at the opportunity. Uh,
Speaker 1: and here we are today. Grant American Mining was I
Speaker 1: wouldn't say quasi stealth mode for for a couple of
Speaker 1: years until we nailed down our exact path towards scalability,
Speaker 1: finding abundant and cheap energy. And we've been uh moving
Speaker 1: pretty quickly over the course of the last year, particularly
Speaker 1: to to scale up our operations and um, good mind
Speaker 1: as much big horn as possible. So yeah, I have
Speaker 1: a weird career or weird uh way of making money
Speaker 1: right now, which is writing a daily newsletter, have this podcast,
Speaker 1: and I work for this mining company as well. Yeah,
Speaker 1: well it's not weird. That's how that's how it's done
Speaker 1: these days, right, that's the world. The world's changed. So um,
Speaker 1: you know it's interesting and I guess it's not weird
Speaker 1: necessary from our perspective, but maybe from the outside looking
Speaker 1: at it is. But it almost seems like um and
Speaker 1: you could probably talk to this, but like in the
Speaker 1: hand around novel of you know, Atlas Shrugged or in
Speaker 1: the movie if you've seen it, you know, where it's
Speaker 1: like all the productive people in the world where like
Speaker 1: disappearing to go like start this like new system. And
Speaker 1: it seems like we've seen like this mind shared like
Speaker 1: all moving towards like this new technology, which I guess
Speaker 1: isn't that um alarming. A new technology attracts all the
Speaker 1: best people. So whether that was the Internet or whatever
Speaker 1: it was, UM, and so it's attracting all these people.
Speaker 1: But I think, and I'd like to get your opinion
Speaker 1: on this, but it seems like maybe it's like the
Speaker 1: bait and switch where they come for the tech or
Speaker 1: they come for the for the money, UM, but then
Speaker 1: when they learn what it really is, it kind of
Speaker 1: changes their mind and they just start seeing the world
Speaker 1: differently and they start seeing like solutions differently two problems
Speaker 1: and stuff. I completely agree and from it, I mean,
Speaker 1: many bitcoiners will say they had the same trajectory, but
Speaker 1: I did as well. Speak for myself. I was working
Speaker 1: at a managed futures fund in Chicago. I studied economics
Speaker 1: in college and intern at this managed futures fund in
Speaker 1: the West Loop and UM basically part of that job
Speaker 1: as an analyst, we we were actually a fund of funds,
Speaker 1: So we index commodity trading advisors into a fund of funds,
Speaker 1: and many of those indexes across the business that we
Speaker 1: went out and sold to two investors. And part of
Speaker 1: that was doing due diligence on the c tas that
Speaker 1: we index and then their trading strategies. And part of
Speaker 1: that due diligence was understanding how markets were moving and
Speaker 1: the markets that c t a s trade, particularly or
Speaker 1: commodities markets, currency markets, equities, futures, any futures market you
Speaker 1: can think of. And so that entailed me following central
Speaker 1: bank announcements how currency exchange rates were fluctuating throughout time
Speaker 1: based off of UM, macro economic factors, central bank policies, YadA, YadA, YadA,
Speaker 1: and and just through that process alone, a really at
Speaker 1: a young age came to realize that these experts, particularly
Speaker 1: the central banks are bankers, really didn't have any idea
Speaker 1: of what they were doing they sort of just throwing
Speaker 1: ship at the wall to see what sticks, and that
Speaker 1: really didn't sit well with me. And at the same time,
Speaker 1: I was discovering bitcoin in my free time while still
Speaker 1: in college and learning about monetary policy. I think literally
Speaker 1: stumbled into bitcoin just randomly googling obscure monetary policy or
Speaker 1: something like that and stumbling upon people talking about bitcoin's
Speaker 1: perfect monetary policy inforums on the Internet. And the juxtaposition
Speaker 1: of the transparency of the Bitcoin ledger and its monetary policy, uh,
Speaker 1: next to what Janet Yelling uh at the time, who
Speaker 1: was ched FED chairman when I was working at this fund,
Speaker 1: was doing, and how the markets were basically moving based
Speaker 1: off of the color of the jacket that she wore
Speaker 1: during press conferences and stuff like that, and everything they
Speaker 1: were doing was very non transparent, uh. And so that
Speaker 1: juxtaposition is what drove me, and this sort of stability
Speaker 1: and transparency of Bitcoin's monetary policy compared to what Jane
Speaker 1: and Yelling and crew we're throwing out there. And so yeah,
Speaker 1: I came into it just from a purely geek perspective
Speaker 1: of this is like a unique sound monetary system experiment.
Speaker 1: And then as you mentioned, as you dig deeper and
Speaker 1: you understand the distributed nature of the protocol, how it's
Speaker 1: geographically distributed, how proof of work works, how you come
Speaker 1: to consensus in the ledger, and how UM and how
Speaker 1: it enables individuals to to make transactions and ap pear
Speaker 1: ap pear fashion. You go, WHOA, this is actually bigger
Speaker 1: than money. It is it is a way to coordinate
Speaker 1: and coordinate directly with with other peers that can't be censored,
Speaker 1: and that is something that is desperately needed in this
Speaker 1: day and age. And so that's that's how I fell down,
Speaker 1: and I was radicalized before that, I think I was
Speaker 1: searching for something like bitcoin, being seventeen in two thousand
Speaker 1: and eight when the Great Financial Crisis went down, UM
Speaker 1: and really diving into the TARP bill with the professor
Speaker 1: and that I had in high school. When I was
Speaker 1: going down, it was like, this is messed up. Um,
Speaker 1: I'm a child at nine eleven and going through that
Speaker 1: whole experience, and it's coming to find that maybe the
Speaker 1: pretenses for going to war with Iraq where we're fabricated
Speaker 1: and just really a lot of distrust in the the
Speaker 1: expert class and the traditional system, and Bitcoin provides an
Speaker 1: incredible way to escape the tyranny of this very i
Speaker 1: would say evil system. At the end of the day,
Speaker 1: it may not be overtly evil in the in the
Speaker 1: sense that the people running it have evil plans, but
Speaker 1: their implementation on their plans turns out to have evil consequences. Yeah,
Speaker 1: some interesting things that you said there, if we can unpack.
Speaker 1: But um, the last kind of part just kind of
Speaker 1: mentioning that you know, child of nine eleven and the
Speaker 1: great financial crash of two thousand and eight, etcetera. And
Speaker 1: it's you know, it's interesting. Yeah, it's it's not surprising
Speaker 1: if you're paying attention. But um, you know, growing up
Speaker 1: under those different circumstances of course shapes your worldview and
Speaker 1: so um, you know, if you've looked at big cycles
Speaker 1: and things like you know, the fourth Turning for example, right,
Speaker 1: you can see how like the generation that we have today,
Speaker 1: obviously being shaped by those experiences, has a distrust for
Speaker 1: these legacy institutions, these centralized institutions. Um, but also want
Speaker 1: to enact change, which is, you know, one thing and
Speaker 1: then we have a brand new technology, which of course
Speaker 1: a younger generation kind of grabs onto as well. So
Speaker 1: it's like definitely we have like the catalyst for like
Speaker 1: major change right now. Um. But I would say going
Speaker 1: back to kind of what you're saying about, looking at
Speaker 1: the Central Bank and the Federal Reserve and um, the
Speaker 1: Fiat money system and like the centralized you know, legacy
Speaker 1: system of Fiat money, and it's really started to like
Speaker 1: spread over into everything. So we've seen like you know,
Speaker 1: centralization of now the education system, you know, health and
Speaker 1: food media of course, and it's almost like these like
Speaker 1: distorted policies have made their way into all of that.
Speaker 1: Now do you I guess, I guess do you think
Speaker 1: that's happening like it's it's growing or is it that
Speaker 1: we're just becoming more aware of it and seeing it
Speaker 1: all over there? Yeah? I mean I think it's been
Speaker 1: metastasizing for decades now. It's just becoming impossible to ignore
Speaker 1: of how pervasive the the corruption and the the distortion
Speaker 1: of reality has become. And I think bitcoinners, a lot
Speaker 1: of bitcoiners, I'm not gonna say bitcoinners in general, but
Speaker 1: a lot of bitcoinners, particularly those who believe in sound
Speaker 1: money and particularly as a way to efficiently allocate capital,
Speaker 1: would would say that the fact that we have this
Speaker 1: vat monetary system that's running buck and allows you to
Speaker 1: print money ex nihilo and just allocate it, not you allocate,
Speaker 1: allows the central planners who who print the money x
Speaker 1: deal to allocate all over they see fit. It leads
Speaker 1: to a distortion not only in the pricing mechanism of
Speaker 1: the currency at play, whether it be the US dollar, euro, Juan,
Speaker 1: yen um, but also that that disruption of the pricing
Speaker 1: mechanism leads to a miss allocation of capital that then
Speaker 1: leads to a miss out allocation of incentives or creates
Speaker 1: the conditions for preserves perverse incentives to arise and leads
Speaker 1: to a bastardization of the economy at large. Just beyond
Speaker 1: the monetary system, as you said, leads into education, housing,
Speaker 1: coding that goes into housing, and how towns are built out,
Speaker 1: suburban areas are built, leads into everything. Yeah. Yeah, and
Speaker 1: I think it's easy. You know, most people can see
Speaker 1: that there's like wow, I don't know, it's like it
Speaker 1: seems like obviously there's a lot of people that see
Speaker 1: there's something wrong. I mean, we see this populist uprising,
Speaker 1: which again is indicative of kind of like this this
Speaker 1: fourth turning or when you know, civilizations change, and we
Speaker 1: had before pre COVID there was I think eight countries
Speaker 1: that had like a million people each you know, marching
Speaker 1: or whatever. Um that was kind of shut down a
Speaker 1: little bit. But it still seems like we have half
Speaker 1: the people that are like still gung ho about all
Speaker 1: this right, Like it's pretty pretty divided and and it
Speaker 1: it seems pretty shocking, like how do these people not
Speaker 1: see like this path that they're going down? It's a
Speaker 1: mass psychosis. That's actually the newsletter I'm writing today is
Speaker 1: like are we h are we currently enthralled in in
Speaker 1: the middle of a mass psychosis? And what is it
Speaker 1: being driven by? It's being driven by I mean fear, right,
Speaker 1: Fear and uncertainty leads humans to act in very regular ways.
Speaker 1: And the people that find themselves in places of power
Speaker 1: and the political sphere of the media sphere and the
Speaker 1: monetary sphere, and like the expert class fear of the
Speaker 1: education sphere UM are leveraging fear and uncertainty the apparatus
Speaker 1: of the media, particularly to spread that fear and uncertainty
Speaker 1: too cattle herd the mass, you know. In in interesting
Speaker 1: you say that psychosis UM I was listening to a
Speaker 1: podcast a couple of months ago, and it was about NLP,
Speaker 1: like neural linguistic programming, which is what marketing marketing uses,
Speaker 1: and you can get certified like as practitioner of NLP
Speaker 1: and then you get like this master certification. It's like
Speaker 1: Tony Robbinson uses it and marketing uses it, and it's like, um,
Speaker 1: it kind of plants, like inception, plants things into your subconscious, right,
Speaker 1: And so these are these the master level practitioners of
Speaker 1: n LP on this podcast, and they were explaining how
Speaker 1: the news and the media is actually using n LP
Speaker 1: on the people. And they gave all these examples and
Speaker 1: I don't know good enough to kind of repeat those back,
Speaker 1: but a lot of these like sensational headlines like if
Speaker 1: you don't wear a mask, you're going to kill grandma,
Speaker 1: for example, right, and then they repeat it over and
Speaker 1: over and over, and it's actually goes past the conscious
Speaker 1: into the subconscious and they're basically brainwashed or kind of
Speaker 1: you know, brainwash these people. And they even went in
Speaker 1: further and they said how because of the education system
Speaker 1: has been so dumbed down to teach you not to question,
Speaker 1: not to think that it's easier than ever before to
Speaker 1: actually use LP on the people and brainwash them. It's
Speaker 1: insane how pervasive it is so here the Philadelphia area.
Speaker 1: I've been watching like a lot of Phillies games and
Speaker 1: it happens very nonchalantly, Like in the background, you have
Speaker 1: the two announcers in the booth just talking about how
Speaker 1: they got vaccinated and how they feel. They feel like liberated.
Speaker 1: They're able actually to go live free because the backs
Speaker 1: somehow magically enables them to do that. And in driving
Speaker 1: in the city, if if you're not in your own car,
Speaker 1: you're an uber, and the ubers listening to the radio
Speaker 1: instead of what I would typically listen to it is
Speaker 1: just my playlist on Spotify or something. And you have
Speaker 1: literal commercials in the Philadelphia And I'm sure this is
Speaker 1: in other areas too, but it blew my mind the
Speaker 1: first time I heard it. Getting an Uber to my
Speaker 1: brother's apartment from my wife's parents house in Philadelphia, and
Speaker 1: the Uber driver was listening to the radio. It was
Speaker 1: just a commercial wear Mass Sable Life, Wear a mass
Speaker 1: Sable Life. In the In the course of a thirty
Speaker 1: minute drive to the city, that commercial came on three
Speaker 1: times and again that that that line where a mass
Speaker 1: save a life, like if you say it enough, and
Speaker 1: it begins to make people question, like if I don't
Speaker 1: wear a mask and I causing people to die, and
Speaker 1: so like they feel forced to do that to to
Speaker 1: save their fellow man. And it's really scary how easy
Speaker 1: it is to manipulate the masses. And we see, uh,
Speaker 1: we see evidence that the people in media know this
Speaker 1: and they leverage. Just specifically, Project Veritas had that that
Speaker 1: expose on the CNN producer who basically admitted, like Jeff
Speaker 1: Zucker would call us, so I'll never read the red
Speaker 1: phone with the direct line to the president office. He's say,
Speaker 1: put the death numbers back on the screen. We need
Speaker 1: people to be free. People are turning away because you
Speaker 1: don't have the death numbers on. They need that fear
Speaker 1: inducing stat uh to draw their intention and to draw
Speaker 1: them in. And then I'm actually very happy that Project
Speaker 1: Veritas came out because it showed the playbook too. He's like, next,
Speaker 1: when COVID dies down, we're going to go to climate change.
Speaker 1: We're gonna start fearmongering over that. And it's disgusting that
Speaker 1: they intentionally and some parts of the media, particularly the
Speaker 1: mainstream media leverage fear and uncertainty to to drive a discussion.
Speaker 1: It's all for advertising dollars and clicks and views. It's
Speaker 1: a perverse incentive system that's been erected by the advertising
Speaker 1: model of mainstream media particularly. Yeah. Well as back to
Speaker 1: kind of marketing analogy like you mentioned kind of earlier,
Speaker 1: like that that motivation of fear and like humans are
Speaker 1: pretty basic. I mean we were motivated by one moving
Speaker 1: away from pain and to moving towards pleasure, Like pain
Speaker 1: and pleasure. I think I think fear pain is the
Speaker 1: more powerful one than than the pleasure. But um switching
Speaker 1: from a message of pain and despair too, maybe a
Speaker 1: message of hope, you know. I similar two thousand eight,
Speaker 1: it was a great financial crash rocked my world as well,
Speaker 1: maybe a little bit older. And I had been a
Speaker 1: real estate investor. I started eighteen. I've been a real
Speaker 1: state investor for I don't know, almost ten years at
Speaker 1: that point, and made a lot of money, sold a
Speaker 1: couple of businesses. But I got wiped out, and uh,
Speaker 1: I was like, what the heck is this financial casino?
Speaker 1: Like I don't know anything about it? And I started
Speaker 1: digging in and I became a gold bug, and I
Speaker 1: was like, oh, we gotta fix the money. That's what
Speaker 1: it is, right, we got a gold that's the way. Um.
Speaker 1: It took me a couple of years to realize I
Speaker 1: wasn't necessarily a goldbug. I was a sound money advocate. UM.
Speaker 1: But UM, you know, I then became very disillusioned with
Speaker 1: the system, like, I mean it's ruined, Like we need
Speaker 1: to fix the system. And I've just kind of given
Speaker 1: up on politics and all that. And it was about
Speaker 1: um that I I finally went and took the plunge
Speaker 1: into bitcoin. And uh it was like, hey, sorry to
Speaker 1: interrupt this video just one more time. I'm not running
Speaker 1: Google ads. So it's actually way less interruption than I
Speaker 1: normally would have on a video. UM. And that's because
Speaker 1: it's sponsored by block five. Um. They are opening up
Speaker 1: the world of bitcoin and financial products offering to pay
Speaker 1: you interest on your bitcoin. Um. Better than owning a
Speaker 1: rental property that you have to manage and control and
Speaker 1: have the risks. You can just earn interest on it
Speaker 1: or you can leverage against it. Now, I plan to
Speaker 1: hold my bitcoin forever and literally never sell my bitcoin.
Speaker 1: So how do you do that? Well, if I need money.
Speaker 1: I don't want to sell that bitcoin. I'm gonna pay
Speaker 1: tax on it, all right, I'm gonna end up with
Speaker 1: less and I don't have the bitcoin anymore. So a
Speaker 1: better way to do it is to borrow against the bitcoin.
Speaker 1: So I've put all my money into bitcoin. If I
Speaker 1: want to buy a car, or I want to buy
Speaker 1: a house, I can borrow against it at very very
Speaker 1: low competitive rates. Get my house, get my car, whatever
Speaker 1: that may be, and get to keep the bitcoin. I've
Speaker 1: done a whole video on this. You can find it.
Speaker 1: I'll link it down to the description below. How to
Speaker 1: retire off a bitcoin without paying taxes, and you can
Speaker 1: do that with block fight services. I'll link to the
Speaker 1: video down below. I'm also going to put a link
Speaker 1: to block Fight. If you choose to click on that
Speaker 1: link to check them out. You can earn up to
Speaker 1: two fifty dollars in free bitcoin just for using that link.
Speaker 1: And that's it. Let's go ahead and get back to
Speaker 1: the interview. Now we have a tool like now we
Speaker 1: actually have something like now it's hope right like now,
Speaker 1: now we have a fight and chance, and I'm a
Speaker 1: Second Amendment supporter. I got a bunch of I'm not
Speaker 1: gonna say it, but I don't ever want to use
Speaker 1: those things. That's the last thing I want. And like,
Speaker 1: realistically we don't stand a chance with those anyway. Um,
Speaker 1: but now we have a tool, you know. And so
Speaker 1: so there is a message of hope. And so I
Speaker 1: want to kind of pivot into that because you got
Speaker 1: me really motivated on the show that you had um
Speaker 1: talking with Paul from Sphinx Chap and it just kind
Speaker 1: of shifted my focus. And so I want to I
Speaker 1: want to talk about that. And and and now another analogy.
Speaker 1: I grew up raising dirt bikes, and like when you're
Speaker 1: raising dirt bikes and in your hauling ass and I'm
Speaker 1: broken every bone in my body, um, and like there's
Speaker 1: like a rut that I need to hit. And there
Speaker 1: might be a rock on this side and a rock
Speaker 1: on this side, but I got to focus on the rud.
Speaker 1: If I look at the rocks, I'm probably gonna hit them.
Speaker 1: So you're like golf, right, like you look at the green,
Speaker 1: not that, not the sand trap. And so I think
Speaker 1: in life, we get very busy looking at all the
Speaker 1: problems and all these things that we're afraid of when
Speaker 1: we can't fix when I had the analogy listen to
Speaker 1: that show, it's like, why not just focus on where
Speaker 1: we want to go and how much more powerful it
Speaker 1: is and so um, you know, and I'd like for
Speaker 1: you to talk about this, and you're interviewing them all
Speaker 1: the time. But like people are out there building a
Speaker 1: parallel system. They're not living in fear, like they're just
Speaker 1: out there doing it right. Yeah, No, that's the beauty
Speaker 1: of bitquin right. It's an open source system, allows you
Speaker 1: to build on it, to add to it, to build
Speaker 1: products on top of it, to leverage it's ledger, to
Speaker 1: anchor value into it two, anchor truth into it, right,
Speaker 1: And you don't have to work within the parameters of
Speaker 1: the traditional financial system, which have very specific rules and
Speaker 1: are very constricting, and they've created very large regulatory and
Speaker 1: compliance notes that make it impossible for for the little man,
Speaker 1: the upstarter to to actually build and innovate. It's it's
Speaker 1: a very uh like, it's very like insider's club, and
Speaker 1: if you're not in it, you're not going to be
Speaker 1: able to do anything to change that system. So Bitcoin
Speaker 1: provides a system in which you can build in parallel
Speaker 1: and build a competing financial system and arguably like a
Speaker 1: syst them through which to coordinate economic activity. Maybe it's
Speaker 1: not directly on chain, but you can settle everything in
Speaker 1: bitcoin and that that leads to innovation like so which
Speaker 1: is literally impossible within the traditional system. So, like Paul thinks,
Speaker 1: they're leveraging bitcoin second layer, which is the lightning network,
Speaker 1: to enable podcasters to monetize. So they're allowing people like
Speaker 1: us to monetize without the traditional advertising model. We can
Speaker 1: have our viewers engage in a value for value model
Speaker 1: where they send us a few SATs per minute listen,
Speaker 1: like fractions of a penny. But if we develop audiences
Speaker 1: that like what we're putting out there, and they get
Speaker 1: value out of the content that we're putting out of there,
Speaker 1: and they want to send value back to us, it
Speaker 1: could be very small amounts of value, but an aggregate
Speaker 1: that it can be a material amount of bitcoin that
Speaker 1: allows us to produce the content that we want to
Speaker 1: produce without having to rely on advertisers or any other
Speaker 1: type of monetization path. And so that's just one example
Speaker 1: of something that's enabled by bitcoin that was never popped SMA.
Speaker 1: When people are building like you can wanted to send
Speaker 1: fractions of a penny per minute to a podcaster of
Speaker 1: your liking. You literally could not do that using the
Speaker 1: infrastructure that's been built out by Pisa or MasterCard. Yeah,
Speaker 1: that's saying and if you're talking uncouth through your you're
Speaker 1: speaking wrong. Think on your podcast. You can have these
Speaker 1: people cut you off immediately at the knees, the payment providers,
Speaker 1: and that's simply impossible. Pick when you can. Yeah, yeah,
Speaker 1: we can see it's happening right now. With Joe Rogan,
Speaker 1: it's back again. I mean, everyone's mad about something he said.
Speaker 1: I don't even know what it was, but what was
Speaker 1: it was something we touched on earlier. He basically said
Speaker 1: something that should be common sense, is like, hey, if
Speaker 1: you look at this, the statistics on the CDC website,
Speaker 1: it is acidine that we're forcing children to wear a mask.
Speaker 1: I mean, I don't think he was echoing with Tucker.
Speaker 1: Carlson said specifically, I don't think he said it because
Speaker 1: the Tucker and he actually recorded this episode before that
Speaker 1: Tucker episode aired earlier this week. But he said, like
Speaker 1: it's child abuse, Like these kids are not getting it
Speaker 1: and they're not spreading it, like it's becoming uh evident.
Speaker 1: And then if you're a young, healthy one year old,
Speaker 1: why are you getting this experimental vaccine? Like you don't
Speaker 1: need it, Like the the statistics show like even if
Speaker 1: you're obese in your this particular age group, you're probably
Speaker 1: not gonna die from me, like the risk of the
Speaker 1: r R on taking an experimental MR and a vaccine,
Speaker 1: it's probably not not worth it for you. Like if
Speaker 1: you're gonna get COVID, chances are you're you're going to survive.
Speaker 1: And people are jumping down his throat and again drives
Speaker 1: back to fear. You know the people are and then
Speaker 1: CNN and there's there's that death count up there um
Speaker 1: and just whatever happened to people? Just like Hey, I
Speaker 1: don't like what he's saying, Like let me just change
Speaker 1: the channel. Well, like so that I mean with this particularly,
Speaker 1: like I think there's a lot of people who don't
Speaker 1: want to admit they've been jipped to a certain extent
Speaker 1: OWDs the last year, like they sacrificed a lot. He
Speaker 1: shut the economy. People stayed home from work, and they
Speaker 1: stayed away from their families, They stayed away from meeting
Speaker 1: with friends, they stayed away from living their lives for
Speaker 1: a literal year and to hear somebody come out and
Speaker 1: and say that, like it might be insane to to
Speaker 1: force children to make the sacrifices we've been asking them.
Speaker 1: To make me force young young adults to make those
Speaker 1: sacrifices or experiment with this vaccine. Uh so people can
Speaker 1: get back to normal. Uh. It makes people angry because
Speaker 1: they're like, well did I get jiffed? Like, no, you
Speaker 1: have to do this, Like we were told this is
Speaker 1: the way it is, and is this way because I
Speaker 1: made these sacrifices, Like my sacrifices weren't made invade. Yeah,
Speaker 1: age that the expert class may have duped them. Yeah,
Speaker 1: that's a good point. You know, I think a lot
Speaker 1: of the angst that you see of people that are complying, um,
Speaker 1: maybe they're not so mad at you because like you're
Speaker 1: putting them in danger. They're mad at you because you're
Speaker 1: not also complying. Um. But that's the whole thing about
Speaker 1: like getting outside, getting that outside perspective and like changing
Speaker 1: the worldview. But shifting back into that for a minute. Um,
Speaker 1: you started talking about you know, um bitcoin and building
Speaker 1: like this different monetary system, and before we're recording, you're
Speaker 1: talking about a conversation out with Parker where he was
Speaker 1: talking about, you know, building building a platform that allows
Speaker 1: people to go save the world, like he didn't want
Speaker 1: to save it, but go give people the tools to
Speaker 1: do that. Um. And then and then you said, you
Speaker 1: know something that we repeated a lot which is then
Speaker 1: fixed the money fixed the world. Uh, why don't you
Speaker 1: go into that? Yeah again, I mean going back to
Speaker 1: heart echo what I said earlier, like when you mess
Speaker 1: up the pricing mechanism and the money that is used
Speaker 1: to value to measure value throughout economy, you you distort
Speaker 1: economic decisions, particularly capital allocation. And it's a good argument
Speaker 1: to be made that because we the money by going
Speaker 1: off of sound monetary standard and completely detaching ourselves in
Speaker 1: one just putting money out enough ing pretending like there's
Speaker 1: going to be no consequences, that you have a mass
Speaker 1: misallocation of capital. The opportunity costs simply aren't as high
Speaker 1: as they arguably should be when you're making these economic decisions.
Speaker 1: So when you have a sound monetary system, sound sound
Speaker 1: money ary good in the form of bitcoin, like you,
Speaker 1: you increase the opportunity cost of misallocating capital inappropriately. So
Speaker 1: the housing market is a perfect example, like the mass
Speaker 1: misallocation of capital that went on in the housing market
Speaker 1: leading up to OA and arguably now again in modern
Speaker 1: day and today in one like is being induced by
Speaker 1: low interest rate environment and like a seek for a
Speaker 1: search for yield because people can't preserve purchasing power over time,
Speaker 1: it's just putting dollars in a savings account. And then
Speaker 1: there's arguably a massive misallocation of capital and shale industry.
Speaker 1: I'm very intimately aware of the problems that the shale
Speaker 1: industry has had over the last decade as well. They've
Speaker 1: had a lot of access to capital. They drilled a
Speaker 1: lot of more wells than maybe they probably should have.
Speaker 1: They've they've spending excume extending themselves, they've spread themselves very thin.
Speaker 1: And last year in March, when we had one economic hiccup,
Speaker 1: you saw like a collapse in in the industry. And
Speaker 1: over the last twelve months we've seen insane amount of
Speaker 1: mergers and acquisitions, bankruptcies, and this is because capital was
Speaker 1: allocated that maybe shouldn't have been and probably wouldn't have
Speaker 1: been if we lived under a sound monetary system. And
Speaker 1: so fix the money, fix the worlds you need to
Speaker 1: fix the pricing mechanism predictingly, the pricing of opportunity costs
Speaker 1: that exists when you make these economic decisions, these capital
Speaker 1: allocation systems to efficiently allocate capital, efficiently allocate capital. It's
Speaker 1: such a big concept, that's I think it's hard for
Speaker 1: most people to really grasp. Like you talk about like
Speaker 1: pricing and they just kind of Okay, that's about money, right,
Speaker 1: But it's like no, it affects every area of life.
Speaker 1: And um, the website you know, wtf happened in one
Speaker 1: is like perfect. It shows you every area of life
Speaker 1: that's been affected by by that pricing allocation or misallocation. Um.
Speaker 1: But you you talked about like the shell oil boom.
Speaker 1: I got caught in that boom that or the bust.
Speaker 1: I should say that that sucked. Um. But in regards
Speaker 1: to that, then we even take a look at you know, um,
Speaker 1: maybe the shift of fear from you know, being sick.
Speaker 1: We'll call it that, right, fear of being sick too now,
Speaker 1: fear of like the whole world's gonna die, right, climate
Speaker 1: change or climate emergency now or whatever that may be.
Speaker 1: And I think when you start even looking at those
Speaker 1: types of policies, which is interesting enough to FED. Now
Speaker 1: apparently they're going to fix the climate with money. Um,
Speaker 1: but really it's the money to gender gender, gender and
Speaker 1: racial inequality and uh and and the climate. But um,
Speaker 1: when you fix the money, you even fix those things, right.
Speaker 1: And I was having a conversation with Jeff booth Um
Speaker 1: I think earlier this week, and he was talking about
Speaker 1: how like the FED policy actually hurts the environment because
Speaker 1: it forces like creates this consumption you know, model and
Speaker 1: growth at all costs, and like that's a much bigger problem. Yeah.
Speaker 1: And again like if you're misallocating capital, your misallocating capital
Speaker 1: towards things that are going to take energy to be produced, right,
Speaker 1: So like there's so many layers to it, right, like
Speaker 1: fix the money, fix the world. So it fix this
Speaker 1: capital allocation. And then like it literally helps capital preservation
Speaker 1: and accumulation, which is important for the individual and family
Speaker 1: balance sheets. So that's massive. And like in terms of
Speaker 1: the misallocation of capital enabled by the fiab on atterary system, yes,
Speaker 1: like enables more energy to be converted into electricity and
Speaker 1: otherwise would have been if the opportunity cost for particular
Speaker 1: endeavors like making plastic trinkets that people buy a dollar stores.
Speaker 1: Maybe even people don't see a reason to invest in
Speaker 1: those in the future, so you use less patrolling products
Speaker 1: to build those little plastic trinkets, and maybe you allocate
Speaker 1: your capital builds something that will last a hundred years,
Speaker 1: so don't have to keep replenishing. Like look at the
Speaker 1: look at this suburban explosion that we've seen over the
Speaker 1: last thirty years, Like these are all houses that are
Speaker 1: literally built with ship that is only meant to last
Speaker 1: the life of a thirty year mortgage. I'm sitting in
Speaker 1: one of them right now, like here in the Jersey Shore.
Speaker 1: Like it's a bunch of cookie cutter plastic houses that
Speaker 1: were thrown up in haste because people are chasing this
Speaker 1: real estate market because they need to store value, because
Speaker 1: they can't store value in their native currency, and so
Speaker 1: they have to store value in these properties that are
Speaker 1: seen as uh more valuable than others and in better
Speaker 1: places than others. And so real estate and isn't is
Speaker 1: an example of something that should be a consumption good,
Speaker 1: and the price is arguably extremely inflated because people are
Speaker 1: using it as a store of value, and the people
Speaker 1: are building the houses don't care to build a house
Speaker 1: at the last a hundred years. They only need a
Speaker 1: house at the last thirty years, so they can actually
Speaker 1: build it and sell it to people are looking to
Speaker 1: store value in it. It's it's very weird, it's very perverse, right,
Speaker 1: using this as a store of value, and it's actually
Speaker 1: not even gonna be able to stand up without a
Speaker 1: complete remodel, remake, structural rebuild within thirty years. It's and again,
Speaker 1: that's a lot of things that probably wouldn't be built,
Speaker 1: materials that wouldn't have been used if we were a
Speaker 1: monetary system. Yeah, I mean that's a great example. And
Speaker 1: we were talking earlier about you know, going to surfing
Speaker 1: in some third world countries and stuff. I like to
Speaker 1: go to some pretty remote places. Spend a lot of
Speaker 1: time in Mexico and Central America. And when you go
Speaker 1: down there, they fix everything, like, they don't throw away anything.
Speaker 1: They they're like the most ingenious people that they can
Speaker 1: fix anything and um. But but you know, they don't
Speaker 1: have the benefit of this fake fiat money system. I
Speaker 1: mean obviously they're on one, but not you know, the
Speaker 1: real world reserve currency, and so there there's you know,
Speaker 1: their economies run differently, and so those people are forced
Speaker 1: not to be on this consumption right there, more on
Speaker 1: the saving model UM and they fix everything, whereas you know,
Speaker 1: back to you know America, it's like we just throw
Speaker 1: everything away. Yeah, even even we went we were going
Speaker 1: down on a surf trip and we were driving and
Speaker 1: we're in Mexico and my friends truck broke down and
Speaker 1: his starter had gone out, and he went and we
Speaker 1: we towed it over to the shop and and they
Speaker 1: rebuilt the starter. Like in America, they would never rebuild
Speaker 1: a starter, they would just replace it. Right. It's extremely wasteful, right,
Speaker 1: Like the whole energy debate really grinds my gears, the
Speaker 1: energy as deics to climate emergency people forcing this narrative
Speaker 1: on to the populace and again leveraging fear. Amberg, Yeah,
Speaker 1: the world's gonna be under the oceans in twelve years,
Speaker 1: or Gretty, you said that when you're sixty, When you're
Speaker 1: twenty eight, I'm gonna call you and say, hey, well
Speaker 1: they've all said it. Al Gore has been saying it
Speaker 1: since like two thousand nine. Well that's another thing, Like
Speaker 1: I forget the gentleman's name, but he was president Obama's
Speaker 1: lead science advisor. He said that by the year one,
Speaker 1: this year, there would be a billion climb it related
Speaker 1: deaths due to climate change, and that's what they were
Speaker 1: calling a climate change. Over the course of that thirty
Speaker 1: six year period, climate related death fell by like literally
Speaker 1: I become completely alex Epstein pilled. We we use these energies,
Speaker 1: like the more electricity that we're using, the better off
Speaker 1: humans are. The lower you drive the costs of electricity,
Speaker 1: the more humans will flourish. And I think that's the message.
Speaker 1: We need to start permugating. We need more electricity, we
Speaker 1: need to use more energy. Of course, we should eliminate
Speaker 1: waste and be as efficient as possible, which is like
Speaker 1: where I think we help out a great American mining
Speaker 1: by particularly using gas would otherwise be flared as a
Speaker 1: way to create electricity, to to mind bitcoin, to create
Speaker 1: positive economic value for producers and just the economy at large. Um.
Speaker 1: But yeah, there again, there's a mass psychosis. There's people
Speaker 1: driving narratives that find a no no base in logic
Speaker 1: where reality and people are catching it hook line and
Speaker 1: sinker because they have that amygdala that is that is
Speaker 1: designed to react to fear, right, Yeah, I know you
Speaker 1: want to just hopeful, but I can't like about to
Speaker 1: dig into that energy thing that you just brought up.
Speaker 1: That's a that's a good point to talk about. Um.
Speaker 1: The first thing is, though, it's crazy because like everyone
Speaker 1: I guess right, nobody wants to put the hard work
Speaker 1: of like diet and exercise. I just want the magic
Speaker 1: pill to lose weight. And I guess maybe the same
Speaker 1: way with their education, Like I just want to read
Speaker 1: a headline and I won't even bother to read the
Speaker 1: article kind of thing or even think about it. So
Speaker 1: like everyone's like repeating these headlines but without even it's
Speaker 1: like stopping to think about it. A couple of things
Speaker 1: about that it is crazy. So first of like if
Speaker 1: if bitcoin waste energy, well what's a waste? Like one
Speaker 1: man's trash is another men's treasure, isn't it Like there's
Speaker 1: a bunch of like all that time consumed on TikTok,
Speaker 1: how much energy is that wasting? Right or whatever? The
Speaker 1: other thing that the other thing that's crazy is they
Speaker 1: talk about you know, let's say that if if all
Speaker 1: this is true and the climate does go up by
Speaker 1: one point five degrees, what the goal is to get
Speaker 1: it down by one point five. Let's say they don't
Speaker 1: achieve that goal, so it doesn't go down by one
Speaker 1: point five. Okay, Like I live in southern California. It's
Speaker 1: the desert in Arizona. It's a hundred and twenty five
Speaker 1: degrees in the summer. They created air conditioning. But but
Speaker 1: the but the craziest part is those same people are
Speaker 1: talking about how we're gonna go colonize Mars, which is
Speaker 1: completely inhabitable, uninhabitable. Yeah, it's no, there's no basis in
Speaker 1: reality or logic. Yeah, I'm sitting here. I'd skin in
Speaker 1: the game. I live on a barrier island right now.
Speaker 1: It's literally in the the ocean, this island in the bay.
Speaker 1: That's all that's between here and the mainland southern New Jersey.
Speaker 1: I've lived on this island my whole life. In the summers,
Speaker 1: particularly if anywhere is going to like fall underwater, would
Speaker 1: be this island. And yes, the island has experienced more
Speaker 1: floods over the course of my life, but that's not
Speaker 1: because of rising sea levels. It's because being ripped out
Speaker 1: all the trees for the shitty houses and literally can't
Speaker 1: absorb the water. And it is so Another example I'd
Speaker 1: like to use is particularly bit like so bitcoin mining
Speaker 1: industry gets picked on for one reason or another. Again,
Speaker 1: like you mentioned why, why are people saying that bitcoin
Speaker 1: miners converting energy into electricity as a waste. We'll get
Speaker 1: into why or their justification for that statement in a
Speaker 1: little bit. But there was a woman two months ago
Speaker 1: in California posted a tweet with four pictures of bitcoin
Speaker 1: mining warehouses. And you do the research to find out
Speaker 1: where the mining warehouses is. I believe one was in Kazakhstan,
Speaker 1: one was in China, one was in like upstate, New York,
Speaker 1: and another somewhere else in the United States, not in California.
Speaker 1: So she posted those four pictures of bitcoin mining warehouses
Speaker 1: and she said, look at this, like all these bitcoin
Speaker 1: miners are using all this electricity. Meanwhile here in California
Speaker 1: were having rolling blackouts and brown outs, basically trying to
Speaker 1: say that the energy being converted to electricity by the
Speaker 1: bitcoin mining warehouses and completely different parts of the world,
Speaker 1: nowhere near connected to the California energy grid, were the
Speaker 1: cause for those rolling blackouts and brownouts in California, when
Speaker 1: in fact the real cause. And I'm sure you're intimately
Speaker 1: aware of this since you're from California. Is they decommission
Speaker 1: natural gas and nuclear power plants without replenishing the power generation?
Speaker 1: Like people literally don't understand how grids work or how
Speaker 1: powers generate, or how delivered to individuals and why it's support.
Speaker 1: And they literally just want to see the headline. Bitcoin
Speaker 1: miners are using a lot of energy. They see that,
Speaker 1: they say, hey, we're having blackouts here because the bitcoin
Speaker 1: miner has no basis in reality or logic. Yet people
Speaker 1: run with it. They are able to get fear clicks
Speaker 1: and virtue signal clicks and quote retweets and all that,
Speaker 1: and and somehow bitcoin gets demonized. Yeah, to to that point,
Speaker 1: I know that intimately because how actually September of last year,
Speaker 1: I was actually down in Mexico on a surf trip
Speaker 1: down in Porto Escondido, and uh, there's like one paper
Speaker 1: road the most through town. It's mostly all dirt roads.
Speaker 1: And uh, and at home in California, they were having
Speaker 1: the rolling blackouts. As you said, Yeah, no, it is asinine, right,
Speaker 1: because they're they're there again. We saw it in Texas
Speaker 1: this year. It's dangerous. Mark, Like I again, like you said,
Speaker 1: you can before we started recording. You can feel me,
Speaker 1: you said, you can notice that I'm getting more outspoken
Speaker 1: against because I think it's imperative, right these people, if
Speaker 1: they get their way, it is gonna be terrible for humanity.
Speaker 1: They're pushing us towards unreliable energy resources and wind and
Speaker 1: solar particularly, And I don't think these people actually care
Speaker 1: about renewable energy. I think they want control, and I
Speaker 1: think they want us to use less electricity and less
Speaker 1: energy because he has some weird, like hippie mindset that
Speaker 1: that we need to protect mother Earth and like just
Speaker 1: live off the land, which is not gonna happen many more.
Speaker 1: Nature is a vicious bitch and she will kill all
Speaker 1: of us if we revert to that type of living.
Speaker 1: And they're pushing us towards these unreliable sources and like,
Speaker 1: and again, the reason why I think it's evil and
Speaker 1: they actually don't care about renewable energy, it's very anti
Speaker 1: human is because they don't advocate for nuclear, which is
Speaker 1: like the cleanest, most energy debt energy source that you
Speaker 1: have on there. The decommit, their decommission, the power plants
Speaker 1: all across the country, and what is really fucked up
Speaker 1: about all this is that it affects the poor the worst.
Speaker 1: You you raise electricity prices and it affects the poor
Speaker 1: the most aggressively rich people, it's gonna suck. They're going
Speaker 1: to pay more for electricity, but they will be fine.
Speaker 1: Their lives are not going to change that materially, but
Speaker 1: the poor people is going to change. It's literally like
Speaker 1: a racist, anti poor person policy. Uh yeah, And it's
Speaker 1: coming from people who act like they want to save
Speaker 1: the world and I want to uplift the struggling common man,
Speaker 1: and it's complete bullshit. Yeah, I want to I want
Speaker 1: to go back to a little bit of a message
Speaker 1: of hope and talk about how bitcoin is actually good
Speaker 1: for the environment as opposed to the bad. But before
Speaker 1: I do, I want to make one more um, you know,
Speaker 1: to that point in that video that I made talking
Speaker 1: about that policy. I talked about I have a problem
Speaker 1: that everyone has this very rigid thinking and they don't
Speaker 1: consider that everything is a tradeoff everything, And so I
Speaker 1: made the calculation that in order. So obviously when it's
Speaker 1: solar only works for part of the day, right when
Speaker 1: the sun's outer, when the winds blowing, so then you
Speaker 1: have unreliable power. So then you have to be able
Speaker 1: to store the power, right, so you have to have
Speaker 1: some sort of batteries. Um, the largest battery manufacturing the
Speaker 1: United States is the Giga Factory, and it would take
Speaker 1: I believe the math I had worked out in the
Speaker 1: video is five thousand years to make enough batteries to
Speaker 1: store the energy for the ust for one day. And okay,
Speaker 1: so that okay, So just that, okay, But then think
Speaker 1: about this. What goes into the batteries rare earth minerals, elements,
Speaker 1: Where do those come from from the ground? How do
Speaker 1: they get them from mining? And it's been whatever it
Speaker 1: is six eight since I made the videos. I don't remember,
Speaker 1: not off top of my head. But they had to
Speaker 1: turn over tons of ground to get enough minerals for
Speaker 1: one battery, so like they would literally have to like
Speaker 1: dig up half the world, and most of it's in
Speaker 1: the Amazon. That's that's why most of the Amazon is
Speaker 1: burning because they're trying to get the minerals. So you
Speaker 1: have to dig up like half the world, turn it
Speaker 1: over with tractors and diesel and child labor and all
Speaker 1: that to get to get the minerals for the batteries.
Speaker 1: That's the trade off. Like does that sound like a
Speaker 1: worthwhile trade off? And like you just have to understand
Speaker 1: those things. And that's just for the batteries. If you
Speaker 1: you want to create the solar panels, like you have
Speaker 1: to burn and clean amount of cold to get like
Speaker 1: you literally have to burn cold because nothing else gets
Speaker 1: hot enough to create the materials necessary to create the
Speaker 1: panels for solar specifically, and like this is this is
Speaker 1: the problem. Like I'm not like I'm all for electricity generation,
Speaker 1: Like if if we figure out a way to do
Speaker 1: wind and solar, I'm all for it. Like I'm not
Speaker 1: bi wind and solar. I'm just like I'm anti the
Speaker 1: fact that they're unreliable and the tradeoffs like you just
Speaker 1: mentioned are not are not articulated up front. The argument
Speaker 1: that is being made by these crazy people is one
Speaker 1: that is not based again in reality, or they're not
Speaker 1: doing it genuine it's not a genuine argument they're making.
Speaker 1: They're they're hiding a lot of the facts and a
Speaker 1: lot of the externalities that go into the the production
Speaker 1: of the energy resources they're trying to bring to market.
Speaker 1: And it's it's again, it's anti human. It's going to
Speaker 1: set us back. And I get with bitcoin, specifically a
Speaker 1: bitcoin as a rallying cry, Like Bitcoin has emboldened me
Speaker 1: to to really call out bullshit in the world. It's
Speaker 1: a good thing about number go up and having fuck
Speaker 1: you money is like you can just start to stand
Speaker 1: up to these people, not worried about getting canceled. That like,
Speaker 1: we don't need to count up to these people anymore.
Speaker 1: And so like, the way bitcoin makes us more energy
Speaker 1: efficient is insane. And that's why it's insane that people
Speaker 1: pick on bitcoin for its energy conversion, is because it
Speaker 1: actually makes us more efficient. Again a great American binding.
Speaker 1: We go to to well pads, we go to remote
Speaker 1: areas in North Dakota, Wyoming, Texas, show up, we say, hey,
Speaker 1: don't just set that natural gas on fire. You're literally
Speaker 1: just wasting it. There's the ability to take that natural gas,
Speaker 1: that precious resource, and to get economic value out of it.
Speaker 1: To just set it on fire and send it to
Speaker 1: the atmospheres is an incredible shame that we should all
Speaker 1: be ashamed about. We show up, we say, hey, instead
Speaker 1: of piping that to a flair stack, pipe it to
Speaker 1: our our generators. Will create electricity. Mind Bitcoin boom, You're
Speaker 1: able to take the scarce energy molecule and represent it
Speaker 1: in the scarce digital good and you create like a
Speaker 1: liquid market for these stranded assets. So that's only with
Speaker 1: natural gas. Again, with renewables too, it's going out there
Speaker 1: and it's fine. It's stranded hydroelectric and geothermal particularly, and
Speaker 1: it's taking advantage of those energy resources that exists out there.
Speaker 1: And and that's the other ironic thing about people picking
Speaker 1: on bitcoin mining as an industry particularly, is that as
Speaker 1: an industry, it literally has the highest penetration of renewable
Speaker 1: energy as the source for for the industry out of anything,
Speaker 1: Like it's the sm estimates range for like like even
Speaker 1: if it was, it would be the highest by penetration
Speaker 1: out there, and like, so it's orders of magnitude more
Speaker 1: green than any other industry. Yet people decide to pick
Speaker 1: on it. Again, why do they pick on it Because
Speaker 1: it's a lot of communists who don't like the fact
Speaker 1: that they can't control bitcoin, particularly it's monetary policy, and
Speaker 1: they don't think it provides any utility in the world,
Speaker 1: which is just objectively false. Like I'm sure it has
Speaker 1: provided you a lot of utilities, provided media a lot
Speaker 1: of utility as a savings vehicle. And I would love
Speaker 1: for these people to go to these places where bitcoin
Speaker 1: is providing incredible utility for people and say it to
Speaker 1: their faces. Again, they're they're basing these arguments from a
Speaker 1: place that isn't based in reality, and it is literal
Speaker 1: virtue signaling um. And I think it is because they
Speaker 1: want to be able to control, uh, how the world
Speaker 1: works and how people interact with the world, and they
Speaker 1: can't control bitcoin, and it really pissed at them off. Yeah,
Speaker 1: I'd like to add to that with one thing I
Speaker 1: was kind of thinking when you're talking about that, was,
Speaker 1: you know, it's it's an attack on lots of things, obviously,
Speaker 1: and and there's an attack on capitalism obviously, Right, capitalism
Speaker 1: is slavery now and capitalism kills people all these things,
Speaker 1: but really capitalism, maybe we need to abandon that word.
Speaker 1: But like free in a free market, competitive system, entrepreneurs
Speaker 1: are out there trying to turn trash into treasure. They're
Speaker 1: not wasting No entrepreneur, no business owners don't go out
Speaker 1: there and waste resources. You're trying to conserve and maximize resources.
Speaker 1: And so what I love about what you know the
Speaker 1: mining companies are doing is you're literally going and taking
Speaker 1: trash that's harmful and you're turning it into something good
Speaker 1: and productive. It's not a waste. That's actually the opposite
Speaker 1: of waste, right, I mean a waste is I mean
Speaker 1: you could say why do we have the internet, Like
Speaker 1: why not just read newspapers? Right that that's a waste.
Speaker 1: I mean everything is a waste. But they're but you're
Speaker 1: literally taking trash that's bad and then you're turning it
Speaker 1: into traitor Yeah, it's it's making us extremely energy efficient,
Speaker 1: which is something that we should be striving to do.
Speaker 1: And that's another thing to like that A lot of
Speaker 1: these climate hysterics are are very hypocritical. Like I get
Speaker 1: into like I'm get invited to a lot of debates
Speaker 1: with them throughout the cryptocurrency space because of what I
Speaker 1: do a great American mining. They look at us, you're
Speaker 1: using fossil fuels. Is your energy generation source? Like you're
Speaker 1: destroying the Internet and you're extruding the world. Excuse me, um.
Speaker 1: But like when you when you like push them, it's
Speaker 1: like all right, asshole, we're doing this video conference. You're
Speaker 1: in Germany, I'm in the United States. You're using a
Speaker 1: video conference, Like we could do this audio only, we
Speaker 1: could do this phone call. It would consume a lot
Speaker 1: less energy. Why aren't we doing that? You're you're all
Speaker 1: day tweeting about all this and that tweets being stored
Speaker 1: on a server that takes up a lot of energy,
Speaker 1: Like why tweet? You should be sending You should be
Speaker 1: sending snail mail to get your out there. Like it again,
Speaker 1: the moralization of energy consumption or energy conversion to electricity
Speaker 1: is a weird and very creepy thing, Like if somebody's
Speaker 1: willing to pay for electricity, they should be able to
Speaker 1: do whatever they want for it. And bitcoin miners go
Speaker 1: to extreme lengths to make us more energy efficiently. We're
Speaker 1: in the middle of North Dakota and places that nobody
Speaker 1: else wants to go converting this gas to electricity because
Speaker 1: nobody else will. We're literally bringing the market to the molecule.
Speaker 1: We're setting up uh infrastructure to to monetize stranded energy sources,
Speaker 1: which is a beautiful thing. Yeah yeah, yeah, I mean
Speaker 1: just it's it's insane from so many levels being being
Speaker 1: told what is what isn't ah essential? Right? Yeah, that's
Speaker 1: not a good use for energy. This is things like
Speaker 1: that I would say, and I know you're you know,
Speaker 1: foll lose you again. The don't say is another thing
Speaker 1: going back to any working on stranding gass, but even
Speaker 1: back to the solar, I think it helps a lot
Speaker 1: there because the problem with solar is it draws on
Speaker 1: the energy source. And like those power stations, they can't run.
Speaker 1: I still got you. Yeah, yeah, they can't run. They
Speaker 1: can't just run during the day and then shut run
Speaker 1: during night and shut off during the day. And like
Speaker 1: bitcoin mining could like be used to like augment that
Speaker 1: right so that you could mind during the day, shut
Speaker 1: it off, left the houses pfull at night. So there's
Speaker 1: a lot of ways that it can be used actually
Speaker 1: be good and offset And uh, I wanna. I think
Speaker 1: I'd like as an industry just to kind of instead
Speaker 1: of always be on the defensive and trying to defend,
Speaker 1: like kind of be a little bit more offensive on
Speaker 1: that message. You know, I think I could use that completely. Agree.
Speaker 1: That's like one thing that we've made a point at
Speaker 1: Great American Biance why we have our podcast to be
Speaker 1: more offensive, Like, hey, what we're doing is good. It's
Speaker 1: providing a lot of value to the producers. We work
Speaker 1: with the producers we work with or providing a lot
Speaker 1: of value to the overall economy because they're providing a
Speaker 1: resource that is essential to make our everyday life possible.
Speaker 1: UM and yeah, that's going caltel to these people. Like
Speaker 1: a particularly renewable energy Again, bitcoin mining is the highest
Speaker 1: penetration of renewable energy as a source of electricity across
Speaker 1: any industry in the world, and so pretty weird and
Speaker 1: annoying that it gets picked on. UM And then, like
Speaker 1: you said, it actually incentivizes the overproduction of renewable energy.
Speaker 1: So you can have these demand response systems where you
Speaker 1: can actually deliver the electricity UM to the market when
Speaker 1: they need it most. And that's because you're able to
Speaker 1: subsidize the construction and maintenance of these renewable projects because
Speaker 1: you have a buyer of last resort and bitcoin miners
Speaker 1: so actually pay for the electricity when nobody else is
Speaker 1: willing to UM and so creates these incredible efficiencies all
Speaker 1: throughout the energy UH industry, whether it be in the
Speaker 1: fossil fuel part of it or the renewable part of it.
Speaker 1: It's a beautiful thing. It's something that we should be
Speaker 1: celebrating aggressively and bossifarious Lee. I mean, yet you have
Speaker 1: a bunch of communist idiots who um just have decided
Speaker 1: to pick on bitcoin for one reason or another. And
Speaker 1: again I think it's because they can't control and it
Speaker 1: represents a true free market money. Um that pisses them
Speaker 1: awful lot. Yeah alright, well, good stuff. We cover a
Speaker 1: lot of ground. I think that it's probably good a
Speaker 1: good point to drop off there. But I just love
Speaker 1: to see it. I love like like we've talked about,
Speaker 1: you know, just giving people that message of hope and
Speaker 1: and it's attracting people and now people are coming out
Speaker 1: with solutions like what you're doing. It's awesome. Um, anything
Speaker 1: last things that you want to close it out with. Yeah,
Speaker 1: and I've been on the aggressive part. I'm jacked up today. Yeah.
Speaker 1: Bitcoin provides hope. If you want to opt into a
Speaker 1: system where you can verify everything that's going on, you
Speaker 1: can actually contribute, and you have some control over it,
Speaker 1: particularly your money. Like you you control your money and
Speaker 1: you know that it's not going to be debased, and
Speaker 1: you're gonna be able to verify that every block they
Speaker 1: come do research on bitcoin, it's it's enabling a new
Speaker 1: economy to be built in a new way of organizing
Speaker 1: between humans and the people in the bitcoin space, at
Speaker 1: least that I've come into contact with, or some of
Speaker 1: the smartest uh and most ingenious people that I've ever
Speaker 1: met in my life that are they're doing beautiful things,
Speaker 1: and they're doing it because they just want to build
Speaker 1: a better future. That people in charge do not care
Speaker 1: about us. They are leading us down a terrible path,
Speaker 1: and we can't depend on them to make the change
Speaker 1: that we need in this world. We need to do
Speaker 1: it ourselves, and bitcoin provides an incredible vehicle through which
Speaker 1: to to bring the change that we need to to
Speaker 1: rest control from these kleptocrats and actually ensure that we
Speaker 1: have freedom and liberty and the digital age. Awesome, awesome,
Speaker 1: good stuff, good way. That good note to end it
Speaker 1: on too. I'm gonna make sure to link your uh,
Speaker 1: your the your podcast, the mining, and your Twitter on
Speaker 1: the show notes, any um, any anything else coming up
Speaker 1: that people should be wherever they should follow you. Are
Speaker 1: those the best places? Yeah, Twitter's best place at Marty
Speaker 1: Bent That's where I hang out most uh T FTC
Speaker 1: dot io is my website with all my content. Gam
Speaker 1: dot ai, g A M dot ai. It's the Great
Speaker 1: America Mining website. If you want to figure out what
Speaker 1: we're doing. Um yeah, keep keep fighting a good fight. Mark,
Speaker 1: thank you for having me on