Speaker 1: Here everyone, Welcome to another episode of the Market Disruptor Show,
Speaker 1: and today I am joined by Brady Swinton. He is
Speaker 1: he's the host of the Sistum Bitcoin podcast, also head
Speaker 1: of marketing and Education at Swan Bitcoin and Company. I
Speaker 1: talked about quite a bit um and today we have
Speaker 1: a very exciting topic when I'm happy to dig into
Speaker 1: um about of renaissance, but it's a message of hope.
Speaker 1: Today we're gonna use historical references, which you know, I
Speaker 1: love to bring um and talk about hope of the
Speaker 1: of a better future that I'm I'm pretty excited for.
Speaker 1: So anyway, Brady, thanks for thanks for joining absolutely, Mark man,
Speaker 1: I'm a big fan of yours. Uh really glad that
Speaker 1: we've gotten to know each other a bit better through
Speaker 1: uh doing some business and talking bitcoin and happy to
Speaker 1: be here. Thanks for thanks for the time. Yeah. So um, yeah,
Speaker 1: I'm I'm excited for this conversation today because sometimes people
Speaker 1: say I talk too much gloom and doom and because
Speaker 1: the stuff going on, Yeah, I mean the stuff going
Speaker 1: on today is is doom and gloom. Um. But on
Speaker 1: the other side of this is amazing hope, and so
Speaker 1: that's what I want to talk about. Today, we'll talk
Speaker 1: about the doom and gloom and then we'll talk about
Speaker 1: the hope. But anyway, um Brady, just give us a
Speaker 1: little bit of background on on what you're doing so
Speaker 1: kind of people get a reference of that. Yeah, absolutely so.
Speaker 1: I am head of education at Swan Bitcoin. We launched
Speaker 1: about fifteen months ago, fourteen months ago something like that,
Speaker 1: so we're still relatively new on the scene, but we
Speaker 1: are the easiest, fastest, safest way to accumulate bitcoin. We
Speaker 1: have automatic recurring buys, instant buys, we can do wire
Speaker 1: buys up the ten million dollars. We're kind of engine
Speaker 1: air way out toward the international scene right now. We're
Speaker 1: just focused on the United States. So that's what we do.
Speaker 1: We and as my title suggests, were really focused on
Speaker 1: providing bitcoin education. We think that the more you learn
Speaker 1: about bitcoin, the more comfortable you are, you know, buying bitcoin,
Speaker 1: accumulating it, developing that conviction. Uh So we have to
Speaker 1: that extent, published a bunch of you know, blog content,
Speaker 1: We published on YouTube. We have a couple of weekly shows,
Speaker 1: one called Swan Signal Live, on which you've been a
Speaker 1: couple of times. Were repair up guests and and talk
Speaker 1: about economics and bitcoin. We also do Swan Lounge, just
Speaker 1: kind of a fun hangout show on Fridays. We're really
Speaker 1: ramping up the YouTube show. Of course, we published those podcasts, Um,
Speaker 1: we have a book coming out, we published an e books,
Speaker 1: were doing webinars, So we just do a bunch of
Speaker 1: educational content and that's really our focus. We try to
Speaker 1: make most of our marketing efforts educational. Yeah. I love
Speaker 1: that for so many reasons. And one of the biggest
Speaker 1: reasons I love that is because, um, you know, in
Speaker 1: order to I always help people before you buy anything,
Speaker 1: you didn't know what it is that you're doing, Like
Speaker 1: why am I buying this? And what am I expecting?
Speaker 1: And and all that comes to education, right, It all
Speaker 1: comes to education. Um, you know, education is the edge,
Speaker 1: right that that's the edge that you can get. But also,
Speaker 1: like with perspective, by the time this video goes out,
Speaker 1: you'll have seen a new video on YouTube that I
Speaker 1: just finished recording. And I was talking about historical narrative
Speaker 1: of of the Weimar republican Germany and uh, how that
Speaker 1: inflation crept up on them and what happened, And I
Speaker 1: used that and then I pulled the narrative, and I'm
Speaker 1: not gonna spoil it. But the reason why I showed
Speaker 1: that is because people thought, oh, if I would have
Speaker 1: just you know, bought here and sold here, I would
Speaker 1: have made a bunch of money. But you didn't understand.
Speaker 1: If you didn't understand what was really going on, if
Speaker 1: you weren't educated, it wasn't a smooth ride and you
Speaker 1: would have gotten shaken out. And so, UM, education is
Speaker 1: that edge. UM. I also like to say, I'll plug
Speaker 1: one thing. Um. You know, I think we have one
Speaker 1: of the biggest asymmetric opportunities in the world in front
Speaker 1: of us and you that's more upside than downside. And
Speaker 1: the way you get asymmetrical upside is through having asymmetric information.
Speaker 1: And so I'm working with Swan. I have a new
Speaker 1: email going out and I'll put a link to it
Speaker 1: down below. You can sign it from my email. UM.
Speaker 1: It's called the asymmetric edge, and it gives you that
Speaker 1: information you need. So I'm gonna just plug that real quick.
Speaker 1: We're talking about it, but let's dig into this historical narrative. UM.
Speaker 1: And I always try to bring that forward and what
Speaker 1: does that tell us about the future? And so we're
Speaker 1: gonna kind of talk about this this Renaissance two point oh,
Speaker 1: where we both agree. I think let's see the same
Speaker 1: future that there's massive prosperity in front of us. But
Speaker 1: going back right we I think there's a historical narrative
Speaker 1: between like the Roman Empire, the Dark Ages and into
Speaker 1: the next the Renaissance Age and Enlightening age. Um, that
Speaker 1: is is kind of a good analogy of where we
Speaker 1: at and where we're going. Why don't you kind of
Speaker 1: set that up for us? Hey, guys, let me just
Speaker 1: interrupt this interview real quick, just to plug the show sponsor,
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Speaker 1: Absolutely so. I mean the era that we're in right
Speaker 1: now is not uh an aberration of history. We've had
Speaker 1: eras of fiat money all throughout history. We've had eras
Speaker 1: of sound money all throughout history, and it's a pendulum
Speaker 1: that sort of swings back and forth, and studying that
Speaker 1: history really gives us some insight into what's coming next.
Speaker 1: Uh And and so one of the eras that I
Speaker 1: have really liked to take a look at is the
Speaker 1: Roman Empire. And one of the things I've learned through
Speaker 1: studying bitcoin is that money is the foundation of civilization.
Speaker 1: It is the way that we advance civilization. We create
Speaker 1: technologies because we communicate our needs are wants to other people,
Speaker 1: and those The way that we effectively and efficiently communicate
Speaker 1: those needs and wants, especially over long distances of space
Speaker 1: and and and over time, is the accumulate generation after
Speaker 1: generation is with money. It was with prices. So we
Speaker 1: set of value on certain solutions um by a price
Speaker 1: at a price, and we establish that price. So that's
Speaker 1: really a communication. It's a language, and that language lays
Speaker 1: the foundation of our civilization, the way we advance over time. Um.
Speaker 1: So the quality of our money matters very much. And
Speaker 1: of course when we talk, when we keep in mind,
Speaker 1: of course I'm not as we're talking about this, there's
Speaker 1: a lot of variables that go into the you know,
Speaker 1: rise and fall of empires. But like I said, this
Speaker 1: is the foundational costs, right, uh and so and and
Speaker 1: that's because just just a dig and and just a
Speaker 1: dig in. Sorry interrupt, but I just just kind of
Speaker 1: help you, help you set that base. Um, if if
Speaker 1: price signal, if money works as price signal, and that
Speaker 1: is communication and so of course it's it's obvious to
Speaker 1: anybody that if you can't communicate properly, you can't coordinate
Speaker 1: and you can't grow. And so um that's why countries
Speaker 1: are formed and they have their own language and they
Speaker 1: can all work together. Um. And so that's just uh yeah,
Speaker 1: so when when that communication gets messed up, then you
Speaker 1: can't function together. Yeah, exactly. Yeah, it's just it's more
Speaker 1: efficient to have one language when it comes to markets
Speaker 1: and economies. And uh, you know that's sort of the
Speaker 1: Tower of Babbel story from the Bible. And this era
Speaker 1: where we've had you know, nationally enforced fiat moneys, it's
Speaker 1: hasn't allowed the global economy to operate efficiently. There's just
Speaker 1: these there's a lot of noise in the signal. And
Speaker 1: the promise of bitcoin is that we're going to really
Speaker 1: make that signal a lot clearer, and we have you know,
Speaker 1: the technology it's built upon is a global communications technology.
Speaker 1: And not coincidentally, not coincidentally, uh, the way that the
Speaker 1: language of money is now going to be spread instantaneously
Speaker 1: across the world and the same same voice, the same language,
Speaker 1: the same code, I think, will you know lead to
Speaker 1: what we're gonna you know, talk about here is is
Speaker 1: the Renaissance. UM. So let's let's look at the Roman
Speaker 1: Empire as kind of instructive and then going through the
Speaker 1: Middle Ages and then to the Renaissance. So the Roman
Speaker 1: Empire was extremely successful, um. And it was based on
Speaker 1: a money called the It was a gold coin called
Speaker 1: the arias, and this was sort of the international settlement money. Uh.
Speaker 1: And it was first minted by Julius Caesar uh and
Speaker 1: it uh it was eight grams of pure gold UM.
Speaker 1: And eventually over time it became uh, you know, there
Speaker 1: was a decision made by a Roman emperor to reduce
Speaker 1: it to six point five grams of gold. That was
Speaker 1: at the kind of the beginning of the second century
Speaker 1: to fund empirical expansion and wars. And then it was
Speaker 1: replaced by a four point five Graham uh solidus uh
Speaker 1: where they renamed the coin because they had debased it. Um.
Speaker 1: So the purity of the coin itself, the purity of
Speaker 1: it was never debased, but the weight of it was
Speaker 1: debased as government spending the end outpacing revenues. Uh. And
Speaker 1: this went on for centuries. Now, there was a compliment
Speaker 1: to these gold coins. And like I said, those gold
Speaker 1: coins were international settlement, big nation states and empire settling
Speaker 1: between each other, large merchants, etcetera. But there was a
Speaker 1: silver coin for your you know, everyday person. And Um,
Speaker 1: the you know, deflation or debasement of the gold coins,
Speaker 1: the arias and the lead is really paled in comparison
Speaker 1: to what happened to the denarius, which you know, makes
Speaker 1: makes sense. It's sort of a cancel on effect. The
Speaker 1: money that you know, the everyday guy was was using
Speaker 1: suffered the most debasement. And we're seeing that today as well.
Speaker 1: Yeah so so um, and then and then tell us
Speaker 1: about the let's let's talk about the innarius then I
Speaker 1: want to dig into that a bit. So then the
Speaker 1: denarius with the silver coin, and I mean the same
Speaker 1: thing happened where that got debased and um, yeah, I
Speaker 1: guess the parallel that I'd like to pull just from
Speaker 1: this segment before we keep going so people can understand
Speaker 1: its historical narrative is that most people probably know about
Speaker 1: the Roman Empire and they you know, basically kind of
Speaker 1: took over the world at that point at that point
Speaker 1: in time, and uh, as they needed to continue to grow,
Speaker 1: to continue to increase their empire, they needed more money, right,
Speaker 1: but they didn't have any more money. So what did
Speaker 1: they do. They debased it, which means they took a
Speaker 1: big coin and made it a small coin. By making
Speaker 1: it smaller, they got more. The same thing happened with
Speaker 1: the denarius, right, it used to be full silver than
Speaker 1: it was silver, which gave them ten percent more money,
Speaker 1: et cetera. And so the narrative that I like to
Speaker 1: pull that historical reference is just that they needed more
Speaker 1: money to expand the empire and continue their social programs.
Speaker 1: They didn't have it, so they just made the money
Speaker 1: worth less and less and less. And so we obviously
Speaker 1: you can see that parallel today absolutely, yeah, uh, you know,
Speaker 1: just don't have the revenues coming in, and taxes are
Speaker 1: unpopular and they were back then as well, led to
Speaker 1: uprisings and a lot of complaints and um. So the
Speaker 1: easier way to tax, the easier way to raise more revenue,
Speaker 1: revenue for the government or the empire, is just to
Speaker 1: debase the money. Uh. And that sort of um instidious
Speaker 1: tax is a lot easier to kind of sneak past
Speaker 1: the populace. Um. Yeah. So the denarius began as four
Speaker 1: and a half grams of silver, and it stayed that
Speaker 1: way for centuries under the Roman Empire. And this helped,
Speaker 1: you know, not coincidentally, it was a fundamental It was
Speaker 1: a foundation of civilization for the Roman Empire, and it
Speaker 1: was very healthy for trade, for commerce, for artisans, producers
Speaker 1: of solutions to the needs and wants of other Roman citizens. Um.
Speaker 1: And they could rely on that to be a consistent
Speaker 1: measurement of value over over centuries. So um as Rome.
Speaker 1: As Rome began to grow, the Roman Empire began to grow. Uh.
Speaker 1: Kind of started at the top of the debasement of
Speaker 1: the arius. Um. But then base metals started being combined.
Speaker 1: This another way to debase money. Base medals that were
Speaker 1: more common uh in in the in I guess the
Speaker 1: Earth's surface. Then silver began to be mixed in with
Speaker 1: the coins, so they would have copper cores for instance,
Speaker 1: or they would be blended with silver. UM. And so
Speaker 1: throughout the first century the UH A D. The denarius
Speaker 1: was debased in just a hundred years by over uh
Speaker 1: so Uh it was by three fifty a d. It
Speaker 1: was all but worthless. Um had an exchange rate of
Speaker 1: four million, six hundred thousand denarius to a gold's ladus.
Speaker 1: So they experienced what you talked about in your previous video. Inflation.
Speaker 1: Weimar Republic like inflation caused economic chaos. Uh. And the
Speaker 1: population of Rome, which was at one point a peak
Speaker 1: of about a million inhabitants probably uh, if not you know,
Speaker 1: the largest city on the planet, if not the you know,
Speaker 1: if not the largest, there was probably some competition from
Speaker 1: from eastern empires as well. But UM, by the fifth century,
Speaker 1: hundred hundred and fifty years after the hyper inflation the denarius,
Speaker 1: it was down to fifty thousand people. Uh, it really
Speaker 1: just destroyed the empire. And UH. One phrase that I
Speaker 1: like from this era, UH to use is it comes
Speaker 1: from is bread and circuses, and it means that it
Speaker 1: came from a poet, a Roman poet. It means offerings
Speaker 1: like benefits, or entertainments that are intended to placate you know,
Speaker 1: the discontent, um, and the uh you know, the I
Speaker 1: guess just distract from the policies and failures economically and
Speaker 1: monetarily that the empire is inflicted. Yeah, that's a great
Speaker 1: that's that's a great piece to kind of kind of
Speaker 1: stop right there, because, um, kind of get that historical
Speaker 1: perspective again. So the Roman, the Roman Republic saw massive prosperity.
Speaker 1: They had a good sound money, They were able to
Speaker 1: freely trade, which allowed people to specialize and get good
Speaker 1: at what they were doing. So then there was you know,
Speaker 1: all these new things that were created and in mentions whatnot.
Speaker 1: But as the Roman Empire started to decline, debasing their currency,
Speaker 1: they started falling apart, not just from a monetary standpoint,
Speaker 1: but even from a societal standpoint. And so to your
Speaker 1: point about the bread and circuses, Um, the government changed
Speaker 1: to where they used to rotate in and out all
Speaker 1: the time to keep people kind of fresh. And then
Speaker 1: they got to lifetime politicians and we saw massive corruption
Speaker 1: that started happening. Yeah sound familiar. Um, Then we had
Speaker 1: lots of people that had you know, money problems, and
Speaker 1: they were very unhappy, and so they created these bread
Speaker 1: and circuses, bread being welfare, circuses being entertainment. Well, we
Speaker 1: give the people bread and we keep them entertained. Maybe
Speaker 1: we'll keep them at bay a little bit. And does
Speaker 1: that sound familiar again, right? Um So that's a good
Speaker 1: historical perspective. And then what happened after that, Well that
Speaker 1: was we plunged into the Dark Ages after that and uh,
Speaker 1: you know, the the empire broke up. Uh, the sort
Speaker 1: of knowledge of why that happened was sort of lost
Speaker 1: to history. Uh. And the ideas of of money, Uh,
Speaker 1: we're sort of we're sort of lost. There was all
Speaker 1: kinds of infighting. Uh, the you know, ability to establish
Speaker 1: commerce again was took took quite quite some time. Um So,
Speaker 1: so yeah, it was. It was, you know, obviously a
Speaker 1: dark time. It's called the Dark Ages for a reason. Uh.
Speaker 1: And then we emerged from it and we can we
Speaker 1: can talk about some of the reasons why the Renaissance
Speaker 1: was able to be born. Yeah, yeah, I want to
Speaker 1: talk about that. Um So, just real quick onto that
Speaker 1: Dark Ages. You know, Rome was basically taken over by
Speaker 1: the barbarians and I think they just destroyed everything. So
Speaker 1: all that literature and all that history that kind of
Speaker 1: showed why it was great and how it was great
Speaker 1: before it was kind of lost. Um. So history was destroyed.
Speaker 1: History was lost. Um. And then almost like people didn't
Speaker 1: have a template, they didn't know what to do. There
Speaker 1: was no no good historical references. And again another historical references.
Speaker 1: I mean, it's kind of easy to see how history
Speaker 1: is kind of being rewritten, like histories under attack right now, um.
Speaker 1: And that and that that's bad because that's our guide,
Speaker 1: um as we can see from the Roman Empire going
Speaker 1: to the Dark Ages. So that's another great historical reference
Speaker 1: I think. And then with all that information, all that
Speaker 1: education gone, they didn't know what to do and they
Speaker 1: basically had to rediscover it all again. So they kind
Speaker 1: of had to start all over with no frame of reference.
Speaker 1: Um so and yeah, go ahead and uh and keep
Speaker 1: it going. Yeah. So it was born again in Italy,
Speaker 1: so which which makes sense that the core of that
Speaker 1: knowledge sort of the embers of the fallen Roman Empire
Speaker 1: were still sort of burning in in the you know,
Speaker 1: in Italy and in the area. And uh so in
Speaker 1: in medieval Renaissance, the Medieval Renaissance, the Florin was born
Speaker 1: and these sort of these families that we know of,
Speaker 1: like the Medici's, these big banking families, they eventually invented
Speaker 1: modern banking. They were merchants and they either rediscovered or somehow,
Speaker 1: you know, through some uh you know, beneficial like happenstance
Speaker 1: of history, were able to rediscover this idea of sound
Speaker 1: money and how important it was. So that the thing
Speaker 1: here I think that's uh crucialton note, is that the
Speaker 1: Medici's understood very clearly, uh, the value of sound money
Speaker 1: and maintaining the measurement the signal of that value over generations,
Speaker 1: so the floor and it was stable for three hundred years,
Speaker 1: and this was the foundation of the Renaissance civilization. It
Speaker 1: was used widely beyond the borders of the Republic of Florence.
Speaker 1: It was the most trusted money. Uh. It became reliable,
Speaker 1: you know, because people far and wide knew that the
Speaker 1: florin was going to be worth the same amount now
Speaker 1: as it will be in ten or fifteen or twenty years.
Speaker 1: It was a reliable store of value. That's what made
Speaker 1: it the best money. Yeah. So another thing that I
Speaker 1: like to look at from that kind of period that
Speaker 1: kind of helped usher in that change also was you
Speaker 1: had kind of a new technology, so technological revolutions. I'm
Speaker 1: kind of working on a thesis on that, UM. And
Speaker 1: we had the invention of the printing press ye. And
Speaker 1: with the invention of the printing press, we were able
Speaker 1: to start getting information out to people that typically wouldn't
Speaker 1: have ever gotten that information. And so I think I
Speaker 1: think there's two key pieces there that I like to
Speaker 1: look at. One it was this decentralization of information. Whereas
Speaker 1: before information was centrally controlled and had to kind of
Speaker 1: just be told, spoken or passed down. But all of
Speaker 1: a sudden, now it could be decentralized and spread out
Speaker 1: to everybody. Everybody got the information UM. And then then
Speaker 1: that you know, that just kind of snowballed, where now
Speaker 1: there was exchange of free ideas and people built on
Speaker 1: top of that UM. And then you got the sound
Speaker 1: money again, which UM one gave people that kind of
Speaker 1: that good communication again. But also I think the key
Speaker 1: piece was that because it was globally accepted, it opened
Speaker 1: up free trade. So UM, it expanded the amount of
Speaker 1: free trade and communication and information and ideation and all
Speaker 1: these things. And so with the information and the sound money,
Speaker 1: it was just an explosion. Yeah, yeah, absolutely, and that
Speaker 1: was that's an you know, it's it comes down to language, right, uh,
Speaker 1: and being able to communicate to one another in such
Speaker 1: such broadly like that in such a broader way made
Speaker 1: a massive difference. And that comes down to basically the
Speaker 1: power of language to travel far and wide, and money
Speaker 1: is just a form of language, the way to communicate value.
Speaker 1: So um, being able to you know, for sound money
Speaker 1: to reach far and wide was really enabled just a
Speaker 1: flowering explosion of blossoming of commerce all over Europe. Uh.
Speaker 1: And eventually we saw you know, other very prosperous uh,
Speaker 1: you know, merchant cities uh in the Netherlands and Germany,
Speaker 1: eventually in Britain, uh, Spain. So all over Europe, centers
Speaker 1: of commerce grew through the trade of free ideas and
Speaker 1: the trade based on trade based on sound money. And
Speaker 1: now there are other currencies, but eventually the settlement currency
Speaker 1: among you know, large merchants and even even um, you know,
Speaker 1: in some cases everyday people was the fort Yeah. Yeah.
Speaker 1: And I think, you know, for people that haven't studied
Speaker 1: this at link like we have, you know for years,
Speaker 1: sometimes they don't realize like how deep this really goes
Speaker 1: um where it's like, okay, you had a sound money, Okay, whatever, right,
Speaker 1: but like they don't understand like all the effects of
Speaker 1: money and like what sound money is and so um
Speaker 1: it really comes down to, you know, when I have
Speaker 1: a way to store my energy to be used at
Speaker 1: a later date, Um, it changes my mindset, so I
Speaker 1: have like this longer term perspective. But then it allows
Speaker 1: me to go pursue other things that could be of
Speaker 1: benefit to other people. So I could invent a new
Speaker 1: you know, a new technology or or whatever. And then
Speaker 1: because that that that money, that communication is universal. So
Speaker 1: just like you know, English and Spanish don't match up it,
Speaker 1: but the money does, right, And so um, now you're
Speaker 1: sharing those ideas with even more people. So if I'm
Speaker 1: forced to just you know, work twelve hours a day
Speaker 1: just to survive and get my food and get my clothes,
Speaker 1: I don't have any time to communicate and share ideas
Speaker 1: and invent. But when I can. Um, it's just it's
Speaker 1: just hard to even comprehend or state like how powerful
Speaker 1: that is. Yeah, it's you know, it's again that's how
Speaker 1: civilization advances, and the faster that can happen, the more
Speaker 1: efficiently that can happen, the faster civilization can advance and how,
Speaker 1: and the faster it can spread to everyone. Right, we
Speaker 1: often say that the futures here, it's not evenly distributed yet. Um.
Speaker 1: That's been the case for a long time. And there's
Speaker 1: still lots of people around the world that are waiting
Speaker 1: for the benefits of technologies that have been around for
Speaker 1: decades that you know, more privileged societies that access to
Speaker 1: and what we're seeing now with like the Internet and
Speaker 1: what I hope will happen, you know and be aided by,
Speaker 1: uh by bitcoin is the access to the means of
Speaker 1: of make taking advantage over the information that's available in
Speaker 1: you know, a growing number of pockets you know, literal pockets,
Speaker 1: people's pockets around the world. Uh in the form of
Speaker 1: you know, Internet enabled devices. UM. So these these people
Speaker 1: will have a way now to receive money through those
Speaker 1: devices over the Internet that they will actually be able
Speaker 1: to hold, you know, in a self sovereign way and
Speaker 1: not and know that it's not going to be debased confiscated,
Speaker 1: and they can rely on it to grow some wealth
Speaker 1: for their family and and pass it along and make
Speaker 1: your family richer and richer over time. And this is
Speaker 1: what we used to call the American dream. This is
Speaker 1: the first generation now I think in the history of
Speaker 1: America that will be uh financially in terms of wealth,
Speaker 1: worse off than the previous generation. So um, yeah, that's
Speaker 1: not the way it's supposed to be. 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 own in
Speaker 1: a rental property that you have to manage and control
Speaker 1: and 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' link to the video
Speaker 1: down below. I'm also going to put a link to
Speaker 1: block fight. If you choose to click on that link
Speaker 1: to check them out. You can earn up to two
Speaker 1: 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. So if we go back and take some
Speaker 1: of those historical reference we kind of set up and
Speaker 1: then kind of look at how that fits kind of
Speaker 1: into more now times. One thing that catches me is that,
Speaker 1: you know, um, like I said, the Roman Empire kind
Speaker 1: of had this figure it out, and then the Barbarians
Speaker 1: kind of destroyed all that and they kind of lost
Speaker 1: their way. And I look at like stuff like the
Speaker 1: Founding Fathers wrote down for us, like they told us,
Speaker 1: they put down warnings and they were so smart, right,
Speaker 1: they didn't have they didn't have the Internet, and they
Speaker 1: didn't have social media. So all they did was sit
Speaker 1: and read and like converse all day. And so they
Speaker 1: had all this time to think about philosophy, and they studied,
Speaker 1: you know, Greek and Roman history. But um, like I said,
Speaker 1: they left all these warnings for us, and it seems
Speaker 1: like we've lost our way, We've lost all that information
Speaker 1: and and maybe even purposely not being shared. Yeah. Perhaps,
Speaker 1: certainly because there's a lot of power in the uh,
Speaker 1: in the printing press and controlling it. So yeah, certainly
Speaker 1: would be massive incentive to keep that information away from
Speaker 1: the general public. I think, I think I can't remember
Speaker 1: who it was. Maybe it was Henry Ford who said
Speaker 1: that if people understood the way the banking system worked,
Speaker 1: they'd be rights in the street by tomorrow morning. Right.
Speaker 1: Uh So, so yeah, there's the founding fathers. Um, there
Speaker 1: were many of them who were adamantly against central control
Speaker 1: of money, adamantly against paper money, I mean, because they
Speaker 1: knew that by allowing someone to print paper money that
Speaker 1: it would be easily debased. George Washington wrote a letter
Speaker 1: to Thomas Jefferson about just in very very stark language,
Speaker 1: basically that you know, paper money has done, you know,
Speaker 1: ever as it will do in your colony, basically your
Speaker 1: state before it was a state then, which is to
Speaker 1: lead to every uh down every road of ruin u
Speaker 1: you know. So yeah, there's there's Alexander Hamilton's as well. Um,
Speaker 1: so very much against central banking. There was heated debates
Speaker 1: about including it in the constitution to forbid central banking.
Speaker 1: It didn't happen, um, And we went back and forth.
Speaker 1: There were wars, you know, basically major battles, intellectual battles
Speaker 1: and sometimes even physical battles over the establishments and uh,
Speaker 1: you know, the destruction of central banking up until nineteen
Speaker 1: thirteen when when we've you know, established at a reserve. Yeah. Yeah,
Speaker 1: if you study that history, you'll see that the central
Speaker 1: bank was established and destroyed multiple time were finally took hold,
Speaker 1: as you said in nine and yeah, so many quotes
Speaker 1: I can't remember them off the top of my head,
Speaker 1: but I mean I think Jefferson said like central banks
Speaker 1: were more dangerous than standing armies. Uh. We talked about
Speaker 1: how it would enslave us, how would enslave our children? Um.
Speaker 1: And so they told us and they warned us and
Speaker 1: now here we are trying to figure this out again,
Speaker 1: so kind of like like what happened? But um, now
Speaker 1: shifting to a little bit of hope. UM, I think
Speaker 1: we are starting to see this new renaissance two point
Speaker 1: oh setting up and and it does give me great hope. Um,
Speaker 1: one of the big catalysts. So if we go back,
Speaker 1: I think the two pieces from the Dark Ages to
Speaker 1: the Renaissance were both information education and sound money. And
Speaker 1: so if we look at the information education piece, I
Speaker 1: think we have Um. You know, we had the explosion
Speaker 1: of the Internet, which is kind of similar to the
Speaker 1: printing press, and the printing press kind of preceded the renaissance,
Speaker 1: sort of like the Internet has preceded what's happening. But
Speaker 1: you know, we're seeing people, I mean people are watching
Speaker 1: this right now, like what the heck? Like why are
Speaker 1: people interested in this? People are using the word fiat,
Speaker 1: Like nobody used the word fiat before, right, nobody cared
Speaker 1: about the history of money. But all of a sudden,
Speaker 1: now there's a renewed interest that I'm excited for, and
Speaker 1: there's this free flow of ideas. And I know you're
Speaker 1: your head of education, I mean, you're you you're on
Speaker 1: it even more than I am, so let's talk about that. Well,
Speaker 1: we're both educators, Mark, but yeah, it's it is an
Speaker 1: amazing time in that sense, the free flow of ideas,
Speaker 1: the freedom of information is incredibly important to individual freedom.
Speaker 1: And we have seen the internets UH and the ability
Speaker 1: to communicate ap peer to peer have drastic impacts on
Speaker 1: the ability of you know, people to resist tyrannical power.
Speaker 1: For instance, um, the length that countries will go to
Speaker 1: China has a massive are well on the internet. North
Speaker 1: Korea's is even more restrictive because they understand the danger
Speaker 1: of the freedom of information to their power. Now, this
Speaker 1: is one of the greatest things that the you know,
Speaker 1: founding fathers, the Constitution, the Bill of Rights has given
Speaker 1: to Americans the freedom of speech UH. And it's too
Speaker 1: bad that the you know, the uh not allowing central
Speaker 1: banking didn't make it in, but the freedom has speeched
Speaker 1: it and that's important. And in fact, um, you know,
Speaker 1: this is just an interesting side note. The UH encryption
Speaker 1: that bitcoin is based on shot to fifty six and
Speaker 1: other related encryption algorithms were actually challenged by the US
Speaker 1: government to be made into military grade and unitions essentially,
Speaker 1: um and so that they could be controlled, their export
Speaker 1: could be controlled, right, and the courts, this pream court
Speaker 1: eventually ruled that cryptography is a form of language and
Speaker 1: it is therefore it's protected another First Amendment. And the
Speaker 1: same exact arguments can be made about bitcoins. So if
Speaker 1: there were ever some kind of state level attack on
Speaker 1: that in a legal sense, made on bitcoin, I don't
Speaker 1: think that's going to happen at this point, but if
Speaker 1: there ever were, it would fall under First Amendment protections.
Speaker 1: This is just a language and we have the freedom
Speaker 1: to communicate in that language over the Internet. It's just
Speaker 1: a bunch of words and letters uh in in in
Speaker 1: the code. So um so yeah, if freedom of information
Speaker 1: massively important, and I think you're right that it creates
Speaker 1: this sort of fertile grounds, and the printing press created
Speaker 1: a fertile ground for the advent of the of the Renaissance,
Speaker 1: and so uh it's language is the is the foundation
Speaker 1: of civilization. Money is just another form of language, right,
Speaker 1: um so yeah, I think with bitcoin and like you said,
Speaker 1: the combination of the Internet and other exponential technologies that
Speaker 1: are developing, uh, which we can get into if you want,
Speaker 1: but it's mind blowing what's happening. And we have no
Speaker 1: idea how to process what's going to happen, not only
Speaker 1: with the advent a bitcoin, but just the telescopic evolution
Speaker 1: of technology and how fast things are changing now. It's it's, uh,
Speaker 1: it's what we can't We just can't grasp it. Our
Speaker 1: our monkey brains can't grasp it. So um, yeah, the
Speaker 1: freedom of information, the freedom of self sovereign money is
Speaker 1: going to change things drastically. You had said something earlier
Speaker 1: that was great. It's something that I that I pay
Speaker 1: attention to a lot. I'm actually reading f A. High
Speaker 1: x book The Constitution of Liberty right now. And uh,
Speaker 1: and I got this from him, but he was talking
Speaker 1: about how it's and you said this, it's the speed
Speaker 1: of ideation, right. So it's it's about trying over and
Speaker 1: over and the faster the more tries we get, the
Speaker 1: more we're gonna do. Right. And so you had said
Speaker 1: that earlier and it's and it's totally right, and and
Speaker 1: it just made me think, Um, if you if you
Speaker 1: look at like the printing press sped up the amount
Speaker 1: of information that was getting to people instead of being
Speaker 1: centralized by one person and I can only relay to
Speaker 1: that one person or to a small group of people.
Speaker 1: Now books could go out and flourish, right, so it's
Speaker 1: sped up that information. And then I was just thinking
Speaker 1: about the parallel to the Internet where the internet. Um,
Speaker 1: Before the Internet, we had lots of books. Obviously the
Speaker 1: printing press of bent around. But if you think about
Speaker 1: that one, it takes somebody you know, potentially years to
Speaker 1: research and write a book, and then it could take
Speaker 1: me weeks or months or however long to read a book.
Speaker 1: So like, how how how fast that that was faster
Speaker 1: than me having to travel to talk to so many
Speaker 1: word of mouth right, and it got to more people.
Speaker 1: But then think about the speed difference in the Internet
Speaker 1: and also the way that we get information. Now. I
Speaker 1: love books and I've read thousands of books, and I
Speaker 1: still read books. I'm reading high X book right now.
Speaker 1: I'm actually working on three or three or four books
Speaker 1: right now. Um, but um, my education shifted a lot,
Speaker 1: and uh, you know, shifted from for a while, I
Speaker 1: didn't read books for a couple of years and it
Speaker 1: was all podcasts and like YouTube videos, so it was
Speaker 1: even and and part of the reason why it's because
Speaker 1: it's faster, more relevant information, and so it just kind
Speaker 1: of speeds that up. So that's what the information or
Speaker 1: they it really did. And instead of just having to
Speaker 1: go to a bookstore that had limited selection of books,
Speaker 1: it's opened up the whole world back to that kind
Speaker 1: of free trade kind of like what happened in the
Speaker 1: in the Renaissance, where the whole world was able to
Speaker 1: kind of freely exchange. Um. So the Internet is that
Speaker 1: times a million or whatever, right, I mean it's way faster. Yeah,
Speaker 1: you're absolutely right. Yeah, it's uh. The point you make
Speaker 1: about how uh you know, books are sort of these
Speaker 1: like longer term ideas, these more evergreen ideas, because books
Speaker 1: take a while to publish and disseminate, and so they
Speaker 1: could be you know, out of date relatively quickly. And
Speaker 1: then we had the odd events of like pamphlets and
Speaker 1: newspapers to disseminate information more quickly, you know, the relevant
Speaker 1: like new information. Uh. And and now, like you said,
Speaker 1: like the Internet does that instantaneously around the world at
Speaker 1: the speed of light. Uh And and so you know
Speaker 1: we're all on Twitter, Twitter sort of like this distributed
Speaker 1: ap newswire, you know, and we can all just talk
Speaker 1: to the best thinkers in the world, and we can
Speaker 1: get their takes on news, and we can curate our
Speaker 1: feeds based on people that we trust and and who's
Speaker 1: takes we appreciate. Um. And it's it's incredible, man, it's incredible.
Speaker 1: And so it's led to just like the printing prest did,
Speaker 1: but again a million times more, an absolute explosion of
Speaker 1: the transfer of ideas. Uh And and I like the
Speaker 1: idea um, you know that, I think it was Richard
Speaker 1: Dawkins about he really coined that. I think he coined
Speaker 1: the phrase meme or the name meme, which is the
Speaker 1: sort of he had this sort of like theory about
Speaker 1: memes or ideas. There were sort of like jeans, right
Speaker 1: that that would um, you know, combine themselves and and
Speaker 1: sort of transcend or create something new when they would
Speaker 1: combine and brains. And so we have all these memes,
Speaker 1: which are in broader sense just ideas, but we also
Speaker 1: have this sort of art form of language that's been
Speaker 1: developed on the Internet, which we call memes. So there's
Speaker 1: that kind of meme as well, and those ideas are
Speaker 1: just being transferred in directly into people's brains so quickly,
Speaker 1: and we're all thinking about things, and like just take
Speaker 1: Twitter for instance, it's like a crucible for the best
Speaker 1: ideas in bitcoin. And this is where bitcoin sort of
Speaker 1: has its battle of ideas about how it's going to develop,
Speaker 1: about what it means to the world, about how we
Speaker 1: should communicate that all of those ideas to the world,
Speaker 1: and we you know, distill them down into this you know,
Speaker 1: list of like a couple of hundred you know, maybe
Speaker 1: a hundred bitcoin memes that we have that are two
Speaker 1: three four words on uh. And so it really helps
Speaker 1: us kind of learn how to communicate. We all work
Speaker 1: on that together. It's a distributed collaborative marketing system, you know. Yeah, yeah,
Speaker 1: one more point on that, and then I want to
Speaker 1: move on to the second ingredient, which is that money.
Speaker 1: But um, one more thing I was just saying. King
Speaker 1: was also like before the printing press, Um, you know,
Speaker 1: you just kind of had very centralized information. You've got
Speaker 1: it from your teacher, who got it from their teacher
Speaker 1: or whatever. Um. The church kind of held a monopoly
Speaker 1: over religion. And then the people got the Bibles and
Speaker 1: they said, wait a minute, this is not what it says.
Speaker 1: But it was the decentralizing of the information. And then um,
Speaker 1: if we look at the Internet, it's decentralized information times
Speaker 1: a million. Again. Um, so that's super powerful. And then
Speaker 1: we have another technology that's even decentralized even more. And
Speaker 1: so that takes us back to the the second ingredient,
Speaker 1: which turbo charges. When you add these two together, it's uh,
Speaker 1: you know, the compound um and that that is that money.
Speaker 1: So we have now for the first time, a new
Speaker 1: technology that I think is it's much bigger than money, right,
Speaker 1: I mean, it's much bigger than money. It's um, it's
Speaker 1: it's it's in my opinion and what I'm working on
Speaker 1: this thesis, it's it's a technological revolution that will change
Speaker 1: the way humanity works. It's not a new technology, it's
Speaker 1: a technological revolution. Um. And so calling it money is
Speaker 1: too small. But to the point of what we're talking about,
Speaker 1: it's it's borderless, right, so it's global and it can
Speaker 1: speed up that free exchange of information and trade and
Speaker 1: so um. Yeah, So it's what are your thoughts there? Yeah,
Speaker 1: Bitcoin is the implications of it is are incredibly deep,
Speaker 1: and that's why we can spend years and years talking
Speaker 1: about it. We have thousands of podcast episodes we have
Speaker 1: hundreds of incredible essays. We have books that are just
Speaker 1: being published by the dozen now, UM and we can
Speaker 1: continue to have these conversations because there's so much here
Speaker 1: and we're learning about the extent of what it is. Now.
Speaker 1: The first thing that we come to understand about bitcoin
Speaker 1: is that it's a money and we and I, you know,
Speaker 1: when we talked about this a little bit earlier, I
Speaker 1: like to say that we're all default gay sis right,
Speaker 1: We're all all by default believe or understand that the
Speaker 1: government controls the money. That's how money works, uh. And
Speaker 1: that's just the way things are. A couple of generations
Speaker 1: have come up this way since you know, early nineteen seventies.
Speaker 1: I didn't know anything different. I was born in nineteen
Speaker 1: seventy nine. So this is just the way money was,
Speaker 1: um and and so when I found bitcoin, I learned
Speaker 1: it taught me what money really is. And I went
Speaker 1: through college. I had uh, you know, classes in high
Speaker 1: school and college micro macroeconomics, business classes, finance classes never
Speaker 1: mentioned anything about what money is in the history of
Speaker 1: money and how it function in society. UM and so
Speaker 1: to that extent, like it's hard to UM argue against
Speaker 1: the idea that it's at least some kind of unintentional conspiracy,
Speaker 1: because there are incentives for these uh, you know, institutional
Speaker 1: universities and etcetera, to teach this kind of new form
Speaker 1: of economics, to provide the stable of quote unquote economists
Speaker 1: to write papers about you know, econometrics and these massive
Speaker 1: models that are you know, use lots of complex math,
Speaker 1: because we have the conceit that we can understand and
Speaker 1: better manage an economy than a natural money can. Um.
Speaker 1: So yeah, it's it's um. It's going to fundamentally change
Speaker 1: everything because we're returning to a sound money. Now. I
Speaker 1: know what money is, So that's the first thing. What
Speaker 1: is money? Right, That's the question that really leads you
Speaker 1: down the rabbit hole. But then yes, of course there's
Speaker 1: so much more to it than that. And uh, I
Speaker 1: think we have we have a hundred analogies to try
Speaker 1: to understand describe bitcoin. Um. But one that I am
Speaker 1: you know, really enjoying thinking about right now is you know,
Speaker 1: point is energy and it is stored energy. It's all money.
Speaker 1: That's what money is. It stored the money is. But
Speaker 1: bitcoin does it so efficiently, right, it doesn't so efficiently
Speaker 1: it literally just directly turns energy into money. That's exactly
Speaker 1: what money is. So it's, uh, it's the perfect transfer
Speaker 1: of energy into money, and it's it's fascinating to kind
Speaker 1: of I mean, just to even try to attempt to
Speaker 1: show like how powerful this is. I look at I
Speaker 1: look at what you know is happening in civilization today,
Speaker 1: in society today, and so um, back to money is energy.
Speaker 1: So just just to set that up real quick, Let's
Speaker 1: say that I have to dig holes, right, and if
Speaker 1: I dig holes for eight hours a day, I'm expending
Speaker 1: my energy. I'm burning calories, right, um, expend energy to
Speaker 1: dig holes. I could decide to work an extra four
Speaker 1: hours one day, extra energy expense that I could hopefully
Speaker 1: save store that value to be used at a later
Speaker 1: date in time. And I want to make sure that
Speaker 1: that maintains its power, not not losing it like a battery. Right.
Speaker 1: You wanted to be able to store that that energy.
Speaker 1: The problem that we have, um, you know, as the
Speaker 1: Roman Empire had debasing the currency in the United States
Speaker 1: is um you know, with with with being able to
Speaker 1: store that energy for you at a later date, then
Speaker 1: I'm free to go specialize and be the best brain
Speaker 1: surgeon I can be, or the best you know, coder,
Speaker 1: engineer I could be. Whatever. The problem that we have
Speaker 1: when our money doesn't hold its value is I'm forced
Speaker 1: to go become an investor. So now instead of spending
Speaker 1: all my focus and energy on creating new technologies that
Speaker 1: serve you know, solve problems and serve needs, now I
Speaker 1: can only spend half my time because the other half
Speaker 1: of my time I'm forced to be able to find
Speaker 1: a way to not lose my energy that I've saved up.
Speaker 1: And think about I mean, if you can just think
Speaker 1: about the implications of that, how much how much brain
Speaker 1: drain has been done on society? Like how much further
Speaker 1: could we be ahead if we didn't have to spend
Speaker 1: half our time being investors. Now, of course Wall Street
Speaker 1: doesn't want to hear that, but imagine if we could
Speaker 1: just save our money, we didn't have to be investors,
Speaker 1: and we could just go solve problems and create things. Yeah,
Speaker 1: it's so true. I interviewed a guy named named Noah Kaufman, Dr. NOA. Kaufman,
Speaker 1: and he told this great story that absolutely proves this point.
Speaker 1: He uh, you know, doctor obviously works his butt off,
Speaker 1: went through uh med school seven years or whatever of
Speaker 1: intense work and then uh started working. I think he
Speaker 1: was an e R doc. So that's kind of one
Speaker 1: of the most intense forms of medical service you can provide.
Speaker 1: And he, you know, had had some money money saved up.
Speaker 1: He didn't know what to do with it, right, and
Speaker 1: so he just kind of started and gave it to
Speaker 1: a financial advisor to invest, and he just was not
Speaker 1: happy with his smart dude was not happy with what
Speaker 1: the financial advisor was doing with it. So he actually
Speaker 1: he became a licensed financial advisor just to manage his
Speaker 1: own money. So he learned all of that stuff and
Speaker 1: and became you know, a license so that he could
Speaker 1: do whatever he wanted to with his own money. So
Speaker 1: all self directed. And that's exactly the point, right. Uh.
Speaker 1: He spent all those hours in top of being a
Speaker 1: doctor where he could have with all that energy the
Speaker 1: expended doing this, uh you know, been an entrepreneur in
Speaker 1: other ways or whatever, and benefited society in even greater ways,
Speaker 1: thought more about his profession and contributed some sort of
Speaker 1: like new type of a medical service or way to
Speaker 1: approach solving solving health problems. Uh. And he couldn't so
Speaker 1: it's it's exactly right. And with bitcoin, we have a
Speaker 1: way that allows us to store that value without having
Speaker 1: to think about all that stuff. It's insane. And so
Speaker 1: that just that alone. Imagine the benefit to society that
Speaker 1: will accrue just because of that alone. Um, And then
Speaker 1: you know there's there's other other ways. The bitcoin will
Speaker 1: you know, improve the efficiency of human civilization, society and
Speaker 1: advancements by orders of magnitude. Yeah, yeah, I mean we
Speaker 1: just we just can't even comprehend it. I think as humans. Um,
Speaker 1: the problem is humans is that we can only imagine
Speaker 1: a better version of what we have today. We can't
Speaker 1: imagine something new. So we have cars, well flying cars, right,
Speaker 1: we can't imagine new things because we don't have the
Speaker 1: building blocks for those things. But I think hopefully we've
Speaker 1: made it clear to everybody listening that, um, just like history,
Speaker 1: when we decentralized information and got a way to store
Speaker 1: value and trade freely, which even exploded the communication. Um,
Speaker 1: it led to massive you know, wealth and and and
Speaker 1: and a boom for for the civilization. And I see
Speaker 1: that setting up again today but times like a million. Yes, yeah, absolutely,
Speaker 1: And this is um, this is the exponential evolution of
Speaker 1: human civilization. So it's happened all throughout history. I think
Speaker 1: it's been a six hundred thousand years for the hominid,
Speaker 1: hundred thousand years for uh Man as we know it, UH,
Speaker 1: ten thousand years of agriculture, you know, UH, five hundred
Speaker 1: years of the Industrial Revolution. Probably a little bit less
Speaker 1: than that fifty years of the information age. So I
Speaker 1: think we're entering now a bitcoin renaissance of bitcoin age. UH.
Speaker 1: That's you know, going to be a compliment, is Jeff
Speaker 1: Booth talks about in the Price of Tomorrow, a compliment
Speaker 1: to these uh technologies that are deflationary essentially, right, They're
Speaker 1: all the cost of manufacturer any information based, silicon based
Speaker 1: technology is trending to zero, right, And if you pair
Speaker 1: that with a deflationary money, which you have to eventually
Speaker 1: just it's just math. You can't have an inflationary money
Speaker 1: in this environment, it's going to actually speed up. It's collapsed,
Speaker 1: and so um you pair those together, the exponential advancement
Speaker 1: of technology with a money that will just incentivize that
Speaker 1: advancement even further. We're talking about technologies that will allow
Speaker 1: people to live for hundreds of years. You know, maybe
Speaker 1: even forever, like things that we can't imagine, you know,
Speaker 1: like basically like near light speed travel or maybe even
Speaker 1: like speed travel. It's it's physically possible. So we will
Speaker 1: have the fundamental basis through this light speed transfer of information,
Speaker 1: the development of AI, you know, AI enhanced brains. UM.
Speaker 1: It's it's crazy what's happening. So it's not just the money,
Speaker 1: but the like you said, the transfer of ideas that's
Speaker 1: propagating and accelerating exponential rate and then combined with a
Speaker 1: sound money, uh, will just really lead to a flourishing
Speaker 1: of humanity. UM free up all kinds of time for us.
Speaker 1: You know, most people will have their needs met, you know,
Speaker 1: basic maslow hierarchy needs at because of deflationary technology and
Speaker 1: a combination of bitcoin making it you know, this decreasing
Speaker 1: those prices trend and trend them towards zero even faster
Speaker 1: UM for essentially free and it's not going to have
Speaker 1: to be some government program through the collection of taxes.
Speaker 1: Is just going to be that way because we're we've
Speaker 1: become so efficient, so productive, and that we can then
Speaker 1: we can all kind of spread around the capture of
Speaker 1: that productivity. That that chart that I always point to
Speaker 1: of one the uh, you know, breaking of productivity from wages,
Speaker 1: So wages flatline productivity continues apace. They had been lockstep
Speaker 1: up until the end of the gold standard. So we're
Speaker 1: not benefiting you and I and and most people are
Speaker 1: not benefiting from the improvements of productivity. That's all accruing
Speaker 1: to the one, the point one the point on UM.
Speaker 1: So having that more more evenly distributed, UH, is going
Speaker 1: to give us all time to do to pursue our
Speaker 1: passions and perfect our crafts and think term and it's
Speaker 1: gonna really change everything. Yeah, it's gonna be an amazing renaissance. Again,
Speaker 1: it is gonna be an amazing bitcoin renaissance. Now, unfortunately
Speaker 1: the path from here to there may not be so smooth,
Speaker 1: but there is hope on the other side. So that's
Speaker 1: a good message of hope. Brady, that's a super fun conversation.
Speaker 1: Like I said, I spent too much time focusing on
Speaker 1: doom and gloom and so I do like to just
Speaker 1: stop and think about how great things are. So thanks
Speaker 1: for breaking that down for us. That's great. UM, I
Speaker 1: know you've got the podcast, will link to the Citizen
Speaker 1: Bitcoin podcast. Um, anything else you want to point people
Speaker 1: to that. We can link down below. Yeah. I host
Speaker 1: two podcasts. So Citizen Bitcoin has been around for a
Speaker 1: few years. There's a good hundred and thirty episode archive
Speaker 1: there with interviews with some of the best bitcoiners. It's
Speaker 1: fun to go back and listen to that archive. I
Speaker 1: had one of the first podcast episodes with g g
Speaker 1: who is a great author, with Robert Breedlove, who's really
Speaker 1: exploded since then. So it's fun. It's fun to go
Speaker 1: back and kind of hear their early thinking before they
Speaker 1: sort of before where they or now. Uh. And then
Speaker 1: I also host the Swan Signal Live show. We publish
Speaker 1: it at swan Signal Live Podcast, Swan Signal podcast dot
Speaker 1: com and on our YouTube channel YouTube dot com slash
Speaker 1: swan Signal. Uh. So those are the two shows I'm hosting.
Speaker 1: And of course you can go to swan bitcoin dot
Speaker 1: com and start stacking some SATs. Uh. You know, Bill,
Speaker 1: it's that renaissance money. You got to get some of
Speaker 1: that renaissance money. Yeah, thanks so much, Brady. All right,
Speaker 1: Well with that, we're gonna go ouat and sign it off.
Speaker 1: Thanks so much, Thanks, Mark, appreciate it.