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Speaker 1: It's that time, time, time, time, luck and load.

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Speaker 2: The Michael Verry Show is on the air. It's Charlie

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Speaker 2: from Black Face Mother. I could feel a good one

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Speaker 2: coming on. It's the Michael Berry Show.

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Speaker 1: I saw a meme this week when I thought it

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Speaker 1: was really good, really really wise and said, I can

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Speaker 1: deal the break. Many people believe that the grass is

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Speaker 1: greener on the other side, but actually the grass is

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Speaker 1: greener where you water it. And I wish I was

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Speaker 1: at a black church live right now, because somebody would

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Speaker 1: go as an outward show of boy, you got us

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Speaker 1: with that one.

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Speaker 2: That was clever.

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Speaker 1: I've always liked the ooh at a black church. I've

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Speaker 1: spoken at black churches many times over the years, particularly

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Speaker 1: as a candidate. But it's a much more interactive experience.

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Speaker 1: If you've ever heard Ralphie May on the Black Movie Theater,

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Speaker 1: it is also a.

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Speaker 2: Very It's just a different culture.

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Speaker 1: Some people are uncomfortable if you point out that there

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Speaker 1: are cultural differences.

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Speaker 2: There is nothing to be uncomfortable about with that.

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Speaker 1: If you don't think my wife, who spent her first

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Speaker 1: twenty one years in India, does some things differently than

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Speaker 1: I do because I spent my first twenty one years

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Speaker 1: in a trailer park. If you don't think that we

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Speaker 1: have some different ways we do things, then you're in it.

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Speaker 1: You're Cleopatra Ramon, You're to queen of denial. You don't

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Speaker 1: our differences don't need to be something we're ashamed of.

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Speaker 1: Our differences don't need to be something we deny. The

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Speaker 1: Left has taught you that celebrate your differences, have fun

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Speaker 1: with them, make jokes about them. You know, my great,

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Speaker 1: my great sadness for this country is how many you

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Speaker 1: know you think about in the history of mankind, people toiled,

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Speaker 1: they suffered it.

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Speaker 3: We didn't.

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Speaker 1: It's only yesterday we figured out that if we've got

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Speaker 1: to cut your leg off, we can at least put

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Speaker 1: you under so you don't have to have you don't

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Speaker 1: have to feel it being sawed off. Or if we

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Speaker 1: take a tooth out, you don't have to sit there

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Speaker 1: wishing you could die over the tooth. We can put

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Speaker 1: you under. Hell, I just went under. My dentist put

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Speaker 1: me under a couple of weeks ago because I was

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Speaker 1: overdue for a deep clean. And that's a true story.

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Speaker 1: I was overdue for a deep clean, and I told

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Speaker 1: him was so bad that if I could get a

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Speaker 1: little sedation, and he said, you got it. And I

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Speaker 1: woke up from a nap and I put my tongue

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Speaker 1: on my teeth, and ah, I feel so good. Truth

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Speaker 1: be told, I'm not proud of this. I needed a

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Speaker 1: deep clean because my mother every six months. We didn't

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Speaker 1: have any money, but my mother took us to the

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Speaker 1: dentist every six month because good dental care because her

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Speaker 1: mother lost our teeth was important to her. So my

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Speaker 1: mom died September nineteenth and I realized I hadn't been

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Speaker 1: taking good care of my teeth. I needed to go

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Speaker 1: to the dentist. And I took from September nineteenth until

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Speaker 1: a few weeks ago to finally bring myself to go

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Speaker 1: see my show sponsor and get my teeth taken care

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Speaker 1: of it. That's sad, or what we can I say.

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Speaker 1: But throughout history, people didn't live very long, and while

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Speaker 1: they were alive, it was mostly suffering and pain and

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Speaker 1: filth and disease. We live in such a happy time

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Speaker 1: relative to that. We got air conditioning, and we've got sedation,

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Speaker 1: and we got food, and yet we're more miserable than

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Speaker 1: people have ever been. It's a state of mind it's

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Speaker 1: a question of what you're watering. So I'm going to

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Speaker 1: tell you today water how wonderful things are today. Donald

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Speaker 1: Trump is actually doing what he promised, and that upsets

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Speaker 1: the left, and the left gets upset, and you get

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Speaker 1: upset because they're upset. You don't need to be upset.

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Speaker 1: You need to drink up those tears. The fact that

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Speaker 1: the left is upset. You know, people say to me,

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Speaker 1: you know when they die, they're gonna say bad things

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Speaker 1: about you, Michael, and I say, I hope. So that's

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Speaker 1: how I know I succeeded. If they're not, If the

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Speaker 1: Left is not glad when I'm dead, then I didn't

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Speaker 1: do my job. And that's how I look at it.

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Speaker 1: So you don't need to cry for me. Argentina.

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Speaker 2: All right, let's get a started.

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Speaker 1: Phone lines were open seven one three nine nine nine

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Speaker 1: one thousand, seven one three nine nine nine one thousand.

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Speaker 1: If you can't get through, you can always leave a

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Speaker 1: message and to get a start, as we always do

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Speaker 1: courtesy the greatest executive producer and all the land, chatted

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Speaker 1: Cone Nakanishi.

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Speaker 2: You're a weak interview. Let me just go ahead and

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Speaker 2: tell those of you.

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Speaker 1: Whose great grandmother was from Czechoslovakia, and you've got a

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Speaker 1: check name, and that's about all the check you've got.

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Speaker 1: And you want to out check me if you send

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Speaker 1: me an email about what is and isn't a galachi,

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Speaker 1: I'm blocking you because I find that very annoying. You

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Speaker 1: better check good point, Ramona, You better check yourself.

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Speaker 2: Because I know you're out there, and I know you're

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Speaker 2: just truck just dying. I ain't know I being rank

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Speaker 2: a Democrat.

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Speaker 1: Senator Chris van Hollen as he did fly to El

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Speaker 1: Salvador and try to rescue an MS thirteen gang member.

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Speaker 3: Phil mar Abrigo Garcia is an illegal alien MS thirteen

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Speaker 3: gang member and foreign terrorists who was deported back to

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Speaker 3: his home country.

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Speaker 1: The Democrats are in love with all the wrong people,

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Speaker 1: and I'm here to tell you I hope that continues

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Speaker 1: because they'll never win another of national life at this pace.

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Speaker 2: They are out of touch with the American people. Risked

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Speaker 2: burglary to the Southwest Side. Restaurant owner says, if someone.

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Speaker 1: Stole raw meats right off the pit as it was

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Speaker 1: smoking over night, If all Jacob the third is the

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Speaker 1: owner and pitmaster of Jacob's Barbikle, I'm not worried about

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Speaker 1: it now, because that pit is filled and it will pay.

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Speaker 1: You have to bring up wealth, and you would have

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Speaker 1: to come in like weld a loose to get in

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Speaker 1: that head.

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Speaker 2: I love that dude so much. You would have to

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Speaker 2: weld it a loose. Well, did a loose? That's that's

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Speaker 2: my kind of people. Well, let's for dinner. We're having

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Speaker 2: Hamburger helper.

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Speaker 1: Your halberd yay years ago, he said, I'm gonna make

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Speaker 1: you something from your childhood.

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Speaker 2: What do you want?

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Speaker 1: I said, Hamburger helped you so okay, I'll have to

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Speaker 1: call your mom and ask her how to make it.

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Speaker 1: I said, I can actually tell you this. Put round

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Speaker 1: round cheap pasta shells and they got a little sauce

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Speaker 1: in there, the same way Kraft mac and Cheese does.

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Speaker 2: And if you make my grandmother's corn bread, you will

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Speaker 2: make me very happy. Just to beat Have you ever

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Speaker 2: thought about any rays or road? Second nic veryfic school.

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Speaker 2: You're just talking about where you went to school. Be careful,

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Speaker 2: you're gonna blow an old rig.

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Speaker 4: Captain something wong, Well, something must be right.

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Speaker 2: You were listening to Michael Berry.

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Speaker 1: Let's open the phone line seven one three nine, one thousand,

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Speaker 1: seven one three, nine nine nine one thousand, Nor should

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Speaker 1: you find yourself not able to get through or not

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Speaker 1: able to call when we are on the air, you

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Speaker 1: can call twenty four to seven and leave a voicemail,

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Speaker 1: and many people do seven one.

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Speaker 2: Three nine nine nine one thousand.

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Speaker 1: And let me just go ahead and say, now, I'll

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Speaker 1: say this again over the next week or two. Mother's

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Speaker 1: Day is coming up. I think it's May fifth, sixty seventh,

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Speaker 1: right around that area. We normally go to Mother's Day

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Speaker 1: too late to make this happen, but on Mother's Day

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Speaker 1: the Friday before, which is our Mother's Day celebration, which

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Speaker 1: we consider to be a very important tribute to mothers.

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Speaker 2: And I'm being completely honest.

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Speaker 1: Paying tribute is important so that people gets as they say,

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Speaker 1: as the young kids say, so that people get their

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Speaker 1: flowers literally and figuratively. But also I think that a

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Speaker 1: lot of people listen to that. I like to think

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Speaker 1: people listen to that and go, hey, forty years from now,

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Speaker 1: I want my kids to say, you know what, let

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Speaker 1: me be a better mother, let me do more.

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Speaker 4: You know.

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Speaker 2: Maybe maybe I'm maybe those kids.

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Speaker 1: Are getting on my nerves because I'm around them too long,

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Speaker 1: and I forget that I'm making their childhood here.

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Speaker 2: Let me let me make it better.

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Speaker 1: Let me challenge them, let me teach them, let me

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Speaker 1: discipline them, let me love them, let me spend time

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Speaker 1: with them.

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Speaker 2: You know what this is.

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Speaker 1: You're right, it's time. End't going to be here forever

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Speaker 1: and I'm spend my old years alone. Let me let

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Speaker 1: me make it great. So with that in mind, you

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Speaker 1: can call our line when we are off the air

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Speaker 1: and just say this is Bob and Nashville or Sam

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Speaker 1: and Tulsa, and uh, I want to tell you about

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Speaker 1: Mother's Day and my mother and tell your story, and

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Speaker 1: we would try to weave some of those in so

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Speaker 1: that our Mother's Day is not limited to whoever's able

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Speaker 1: to get in live at that moment. You'll take a

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Speaker 1: minute to think about your mother, So your name and

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Speaker 1: where you're calling from, and then whatever your Mother's Day

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Speaker 1: tribute is, and we'll try to work some of those

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Speaker 1: into the show.

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Speaker 2: The sooner you call, the earlier we can get it

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Speaker 2: cataloged and make sure we use it.

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Speaker 4: Now.

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Speaker 1: That will be coming up. That's the Friday before Mother's Day.

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Speaker 1: I think that's May fifth. Is that my right room

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Speaker 1: huh may ninth. Okay, well, first move over, bud Light,

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Speaker 1: Nike has an even dumber idea. Not surprising, these are

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Speaker 1: the people who brought us Colin Kaepernick OutKick from our

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Speaker 1: friend Klay Travis is reporting that Nike is allegedly funding

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Speaker 1: a study on the use of puberty blockers and children

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Speaker 1: and how it affects their athletic performance. Came to light

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Speaker 1: after a New York Times story featured a transgender volleyball

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Speaker 1: player from San Jose State. In the article, the author

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Speaker 1: mentioned Joanna Harper, a biological male who identifies as a

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Speaker 1: woman and studies transgender athletes, and it goes on to say, basically,

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Speaker 1: they're trying to get They're trying to create this woke

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Speaker 1: program in support of boys playing girls sports. This is

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Speaker 1: just wicked weird. I mean, if the bud Light case

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Speaker 1: wasn't the talisman against stupid things like this, then hopefully

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Speaker 1: the Nike case will be WELCA two.

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Speaker 2: Woke center, Welcome back to the studio.

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Speaker 1: At halftime the LGBTQ NBA brought to you by Nike.

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Speaker 2: Nike just blew it. Let's go down to the court

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Speaker 2: and Dick E V Dicky VI tell still doing games.

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Speaker 4: How you doing, Dicky V? Oh, we got a transie,

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Speaker 4: get it handsy.

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Speaker 2: He's in full twubble with the diaper Dan d transy

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Speaker 2: hansy diaper and the.

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Speaker 4: Okay, thank you Dicky V. That shtick never gets old.

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Speaker 2: When we come back, it's second half action. It's the

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Speaker 2: Hemns versus the shims.

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Speaker 1: Tight at eight at half time, second half action comes

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Speaker 1: your way.

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Speaker 2: No, we're really doing this. This is terrible, harn't it?

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Speaker 2: And with that we shall go to the phone line.

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Speaker 2: That's funny.

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Speaker 1: The first call I looked up at it is just

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Speaker 1: the order that they came in a Bertha And we're

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Speaker 1: going to end the show with a discussion of Lulu Roan,

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Speaker 1: who was from he Hall for those of you old

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Speaker 1: know to remember. And I had I had set my

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Speaker 1: prep aside for that to be the last segment because

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Speaker 1: it's kind of a tribute to my mom.

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Speaker 2: And you'll understand why.

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Speaker 1: When when we get there in an hour and a half.

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Speaker 1: But uh, Bertha was Lulu Roman's birth name, and it's

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Speaker 1: just kind of I don't know if it's a god

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Speaker 1: thing as they say, but here we go.

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Speaker 2: Bertha. You are on the Michael Berry Show. Go ahead, sweetheart.

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Speaker 5: Yes, I hope you and your family are doing well. Man,

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Speaker 5: And I am curious what is the currency to back

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Speaker 5: up the bitcoin? If the dollar is gold, what is

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Speaker 5: back to the bit coin?

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Speaker 1: Well, okay, this is a complicated question. I'm going to

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Speaker 1: attempt to answer that. To start with, the dollar is

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Speaker 1: not backed by gold. I'm not a bitcoin enthusiast.

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Speaker 4: I don't.

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Speaker 2: I don't want anybody to get confused here.

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Speaker 1: I'm not a you know, there's those bitcoin bros that

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Speaker 1: are they're all about bitcoin. I'm agnow stick on the matter.

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Speaker 1: People can do it or not do it. That's completely

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Speaker 1: up to them. I'm not going to poopoo it. But

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Speaker 1: I'm also not going to promote it necessarily. But let

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Speaker 1: me say this. You first have to start with the

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Speaker 1: understanding that the dollar is not backed by gold. When

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Speaker 1: we went off the gold standard, that meant that was

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Speaker 1: the license to print money that had no value other

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Speaker 1: than what we will kind of nod agree is the value.

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Speaker 1: And when you are no longer limited in currency as

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Speaker 1: a representation of your gold reserves, now there's nothing to

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Speaker 1: stop it. And that's why we've seen runaway inflation, debt spending,

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Speaker 1: massive deficits year after year. So start with the idea,

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Speaker 1: and this sort of underpins bitcoin.

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Speaker 2: Start with the idea that.

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Speaker 1: None of your currency is act by anything in particular

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Speaker 1: other than the full faith and credit and good reputation

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Speaker 1: and those sorts of things, but none of them are.

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Speaker 1: The Bitcoin is a huge part, a huge part of

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Speaker 1: the See that's the government trying to kill me because

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Speaker 1: I'm talking about bitcoin and they don't want it. A

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Speaker 1: huge part of what preserves the value. And I'm not

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Speaker 1: a bitcoin expert. I have a friend named Tillman who

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Speaker 1: owns a company called the arch Public And what they

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Speaker 1: do is it is an exchange for bitcoin. They are

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Speaker 1: the software company and they clear that they clear your trades.

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Speaker 1: But what they do is they have an algorithm where

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Speaker 1: you go in and set your parameters. That way you

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Speaker 1: can make your purchases when you're asleep, if a number

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Speaker 1: hits where you wanted to hit, whether it goes a

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Speaker 1: certain low or certain high. You know, with the stock market,

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Speaker 1: you know day traders can be or traders at all

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Speaker 1: can be awake and alert and.

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Speaker 2: Ready for a particular price to occur.

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Speaker 1: With bitcoin is twenty four hours a day, so you

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Speaker 1: need an algorithm to do that.

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Speaker 2: But let me go back. Hold on, let me say,

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Speaker 2: let me see if I can get.

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Speaker 1: Him on the line, because he is he is a

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Speaker 1: guy that can think, and he is an evangelist for bitcoin.

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Speaker 3: So but hold on, Before Biden came into office, we

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Speaker 3: had a legal immigration at a record low.

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Speaker 5: Michael, it will be my policy to take down the cartels,

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Speaker 5: just as I took down the ices Calibania.

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Speaker 2: Just playing so you understand.

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Speaker 1: Maybe I am not a cheerleader for bitcoin, nor am

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Speaker 1: I a cynic on bitcoin. I have had my experience

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Speaker 1: with the bitcoin bros who can be a bit much.

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Speaker 1: It's sort of like I said about pot smokers. I

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Speaker 1: think if people would smoke their pod or do their

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Speaker 1: gummies or whatever else they do, and not go to

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Speaker 1: festivals and blow it on everybody else, then people wouldn't

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Speaker 1: have so much of a problem with it.

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Speaker 2: But bitcoin is in the.

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Speaker 1: News quite a bit today and it's it's constantly kind

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Speaker 1: of hovering, and I think under this president, you're going

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Speaker 1: to see that more and more of the case.

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Speaker 2: Because he's a fan of it, that's clear.

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Speaker 1: He spoke at the crypto conference he has he has

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Speaker 1: given kind of the the impromoter or imprimature, however you

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Speaker 1: prefer to say it. You know, the blessing to discuss

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Speaker 1: this openly and coming out of the dart has been

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Speaker 1: I got a lot of listeners. We have a show

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Speaker 1: sponsor called the Archpublic dot com and the owner is

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Speaker 1: a friend of mine, Tillman Holloway. He was a superstar

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Speaker 1: football player at the University of Texas, and he's from

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Speaker 1: a gold star lineage of His father was an All

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Speaker 1: American in football at the University of Texas and then

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Speaker 1: an NFL Hall of Fame as an NFL player, and

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Speaker 1: his other grandfather was a guy named.

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Speaker 2: Jack Trotter who in Houston was a legend.

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Speaker 1: And this guy was a deal maker, extraordinary, and everybody

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Speaker 1: in Houston above the age of sixty or certainly seventy

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Speaker 1: remembers this guy when he was the stuff of movies. Anyway,

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Speaker 1: So Tillman is my kind of guru on bitcoin matters.

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Speaker 1: And because this issue comes up a lot a lot,

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Speaker 1: I called him and was fortunate enough to catch him

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Speaker 1: free to speak to us for a moment. So Tillman,

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Speaker 1: the first question I want to ask you. We had

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Speaker 1: a caller going into the break and she said what

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Speaker 1: is bitcoin back by because the dollar is backed by gold, and.

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Speaker 2: I explained, no, it's not. We're off the gold standard.

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Speaker 1: But explain where the value of bitcoin comes from.

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Speaker 6: Sure, yeah, thanks for having me. Let's start with.

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Speaker 3: What is the value of money? What are the properties

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Speaker 3: of money that make it valueable? Scarcity is one of them.

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Speaker 3: We have to trust that someone can't print it to infinity,

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Speaker 3: that there's a scarce amount of them, because that creates stability.

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Speaker 4: We have to have the visibility.

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Speaker 3: It has to be able to measure a grain of

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Speaker 3: sand and the entire economy because it's an indicator of

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Speaker 3: that inflation.

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Speaker 4: It has to be portable. We have to be able to.

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Speaker 3: In a digital economy, move value very quickly across the

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Speaker 3: globe in a way that is efficient, doesn't cost a lot.

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Speaker 4: It has to be verifiable.

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Speaker 3: The money has to be something that we can verify

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Speaker 3: settlement and transactions. So the way we trust money right

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Speaker 3: now is through intermediaries, through other companies like the Visa network.

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Speaker 4: Like Swift.

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Speaker 3: There are third parties that charge a lot, that use

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Speaker 3: archaic technology to get it done. It takes a long time,

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Speaker 3: It injects a lot of friction into that said world,

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Speaker 3: economy and bitcoin changes all of that. Bitcoin is absolutely scarce.

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Speaker 3: There is only twenty one million that will ever exist,

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Speaker 3: and no one can print more. It's divisible down to

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Speaker 3: eight zeros beyond the decimal point, so you can trade

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Speaker 3: one sat, which is a fraction of a cent, all

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Speaker 3: the way up to transferring billions of dollars across the

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Speaker 3: globe for dollars and pennies. It's divisible. It can measure

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Speaker 3: in that you know, eight decimal points. You can measure

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Speaker 3: all the way up to a world economy. You can

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Speaker 3: literally put trillions and trillions of dollars into the network

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Speaker 3: and it can be measured very effectively. It's built that way.

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Speaker 3: It's portable. I can literally send that bitcoin anywhere I want,

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Speaker 3: any day of the week. No one can stop me.

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Speaker 3: It's peer to peer with no third party intermediary. It's verifiable.

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Speaker 3: The network of computers that make up any valuable company today. Google,

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Speaker 3: what is it? It's a network of computers? Amazon?

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Speaker 4: What is it? A network of computers? Facebook? What is it?

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Speaker 3: A network of computers? Bitcoin is a network of computers

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Speaker 3: just like all of those companies, but instead of it

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Speaker 3: being controlled by a central company that has their motives

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Speaker 3: in the forefront of their existence. This is a code

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Speaker 3: that every computer that wants to participate in a network

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Speaker 3: has to abide by the rules and has to use

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Speaker 3: the exact code, or it does not get into that

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Speaker 3: said network. That dickcoin network has grown over the last

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Speaker 3: sixteen years to be the largest network that's ever been

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Speaker 3: created by man, that's transferred more value trillions and trillion,

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Speaker 3: hundreds of trillions of dollars of value without one accounting error,

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Speaker 3: without one double spin.

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Speaker 4: Error, from anywhere on the globe, to anywhere on the globe,

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Speaker 4: any day of the week.

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Speaker 3: So it is by definition, the best form of money

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Speaker 3: that's ever been created. And when we used to measure

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Speaker 3: things against gold, we had limitations. Gold is not portable.

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Speaker 3: You can't send gold anywhere you want to any day

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Speaker 3: of the week without a great deal of security costs,

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Speaker 3: transportation costs, and if you send it via paper, there's

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Speaker 3: no final settlement. So you're making compromises on what we

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Speaker 3: value as the core characteristics of money with any asset

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Speaker 3: other than bitcloin. So that's kind of the way I

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Speaker 3: look at it. And so when you buy into bitcoin,

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Speaker 3: you're buying into a network that is the largest on

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Speaker 3: Earth that can achieve transactional finality in a very short

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Speaker 3: period of time, which is on average twelve minutes. So

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Speaker 3: it's like being able to send cash in an email,

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Speaker 3: and once that person opens up the email and pulls

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Speaker 3: the cash out, you can't.

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Speaker 6: Get the cash back. There's no chargebacks, there's.

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Speaker 3: No fraud on the credit card, there's no friction, it's

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Speaker 3: finally settled. So that value in that network is constantly

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Speaker 3: being recognized by the biggest players in financial spaces because

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Speaker 3: that value has real world implications that allow you to

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Speaker 3: scale tremendous capital into it and build financial products off

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Speaker 3: of it.

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Speaker 4: And we've seen the largest growth over the last year.

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Speaker 3: Of ETS in the history of ets. The most successful

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Speaker 3: ets are all Bitcoin based ets, and ets are being

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Speaker 3: added for all the peripheral alt coins on a daily basis.

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Speaker 3: It's literally the fastest expanding financial market that exists.

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Speaker 4: Why.

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Speaker 3: Because people demand volatility and people demand final settlement.

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Speaker 4: People are demanding that the printing of.

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Speaker 6: Our cash come to an end, and at.

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Speaker 3: The very least, they want to hold something that gives

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Speaker 3: them the truest indicator in real time of the globe

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Speaker 3: inflation rate of anything that man's ever created, So that

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Speaker 3: is kind of my you know, sorry for the soapbox,

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Speaker 3: but that's why bitcoin is valuable.

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Speaker 1: No, I think it's important. I think it's like a

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Speaker 1: number of other things. You know, the deep state spying

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Speaker 1: on us would be another good example, or what actually

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Speaker 1: goes into the COVID clot shot. It's one of those

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Speaker 1: things that nobody really understands it, but nobody wants to

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Speaker 1: admit it, so they just kind of loosely refer to

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Speaker 1: bitcoin and whether it's good or bad. And part of

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Speaker 1: the reason the bitcoin bros become so annoying is once

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Speaker 1: you dive in and actually understand the system, whether you

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Speaker 1: forward or against it, once you dive in and actually

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Speaker 1: understand it, it has so many things that are exciting.

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Speaker 4: You know.

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Speaker 1: You talk about the portability or the fungibility or the

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Speaker 1: the and you don't even get into the fact that

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Speaker 1: the government can't control it the way they can the

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Speaker 1: currency and we've seen that with good monetary policy. Then

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Speaker 1: there they are the ones that are excited and nobody

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Speaker 1: else knows it, and you know they begin evangelizing.

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Speaker 2: Hold on just a moment till On Holloway.

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Speaker 1: His website is the Archpublic dot com Michaelberry.

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Speaker 2: Show how how long we can keep him because it

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Speaker 2: was on the fly.

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Speaker 1: But I got a call from Bertha asking me about bitcoin,

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Speaker 1: and rather than me answer I have I have a

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Speaker 1: limited understanding of bitcoin, I said, let me call you

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Speaker 1: the guy that Let me call the guy that I

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Speaker 1: trust on the matter. And he spent more time on

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Speaker 1: bitcoin than anybody else I know. He has a company

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Speaker 1: called the Archpublic dot Com that clears it's a software

439
00:23:44,119 --> 00:23:49,280
Speaker 1: company technically that clears your bitcoin transactions. And maybe if

440
00:23:49,280 --> 00:23:50,800
Speaker 1: we have a minute, I'll ask him to explain how

441
00:23:50,840 --> 00:23:55,200
Speaker 1: that works. It's fascinating. We've had more than a few

442
00:23:56,160 --> 00:23:58,480
Speaker 1: conversations about this because he was one of the guys

443
00:23:58,480 --> 00:24:00,240
Speaker 1: that could break it down and make it easy to

444
00:24:00,320 --> 00:24:05,359
Speaker 1: me without hyping it anyway. So Timan Holloway is our

445
00:24:05,359 --> 00:24:09,040
Speaker 1: guest the archpublic dot Com. So, Tim, I think the

446
00:24:09,080 --> 00:24:12,840
Speaker 1: biggest question and this is, you know, we've all seen

447
00:24:12,840 --> 00:24:16,840
Speaker 1: the multi level marketing schemes and scams take off. We've

448
00:24:16,840 --> 00:24:20,320
Speaker 1: all seen people try to chase dollars in growth with

449
00:24:20,400 --> 00:24:23,000
Speaker 1: these crazy and that's how people get into the Bernie

450
00:24:23,040 --> 00:24:24,960
Speaker 1: made Off trouble, and that's how I get into Alan

451
00:24:25,080 --> 00:24:28,760
Speaker 1: Stanford trouble, and you know, something sounds too good to be.

452
00:24:28,720 --> 00:24:29,679
Speaker 2: True, it's usually not.

453
00:24:30,400 --> 00:24:32,360
Speaker 1: And you got to ask tough questions, and you've got

454
00:24:32,359 --> 00:24:35,880
Speaker 1: to be cynical or at least skeptical. So I think

455
00:24:35,920 --> 00:24:38,359
Speaker 1: the biggest question people would have, and I think this

456
00:24:38,600 --> 00:24:40,960
Speaker 1: was why the earlier caller called in and I wanted

457
00:24:41,000 --> 00:24:44,320
Speaker 1: Toman to talk about this, is this fear that you

458
00:24:44,440 --> 00:24:48,040
Speaker 1: put money into bitcoin and then it's just gone. What

459
00:24:48,200 --> 00:24:50,840
Speaker 1: happens to keep it from just evaporating? And we've seen

460
00:24:50,880 --> 00:24:54,520
Speaker 1: these pump and dump schemes with these you know, the

461
00:24:54,520 --> 00:24:59,320
Speaker 1: the uh uh hawk to a girl and different famous

462
00:24:59,320 --> 00:25:02,000
Speaker 1: people who put cha coin or something and then everybody

463
00:25:02,000 --> 00:25:03,720
Speaker 1: puts their money in and all of a sudden boop,

464
00:25:03,800 --> 00:25:06,760
Speaker 1: pumping dump, they get all the money in, they run away, and.

465
00:25:06,680 --> 00:25:07,719
Speaker 2: What can we do about it?

466
00:25:07,920 --> 00:25:10,879
Speaker 1: So speak to that and try to be sensitive to

467
00:25:10,920 --> 00:25:13,480
Speaker 1: the fact that there are very smart people who can't

468
00:25:13,520 --> 00:25:16,600
Speaker 1: figure this darn thing out and they're scared. And I

469
00:25:16,600 --> 00:25:18,600
Speaker 1: think this probably keeps money out of the market that

470
00:25:18,640 --> 00:25:20,439
Speaker 1: could be the bitcoin market, that could be, you know,

471
00:25:20,480 --> 00:25:23,200
Speaker 1: but I do because they're scared that one day somebody

472
00:25:23,240 --> 00:25:25,440
Speaker 1: turns off the switch and there's no bitcoin left.

473
00:25:27,720 --> 00:25:31,119
Speaker 3: Yeah, so you ended the last segment with saying that

474
00:25:31,160 --> 00:25:33,280
Speaker 3: there is no central party like a government that can

475
00:25:33,320 --> 00:25:35,320
Speaker 3: shut it down or control it, and you're one hundred

476
00:25:35,320 --> 00:25:38,359
Speaker 3: percent right, and that's what makes it special. The network

477
00:25:38,480 --> 00:25:40,639
Speaker 3: that I was referring to as being the biggest network

478
00:25:40,680 --> 00:25:45,320
Speaker 3: that's ever been built to handle final transaction settlement, that

479
00:25:45,359 --> 00:25:51,600
Speaker 3: network is being operated by free market dynamics. There are

480
00:25:51,800 --> 00:25:55,240
Speaker 3: a group of people called miners, and those miners are

481
00:25:55,320 --> 00:25:59,359
Speaker 3: people who have plugged computers into the wall and given

482
00:25:59,359 --> 00:26:01,400
Speaker 3: a one hundred percent of that capacity of that computer

483
00:26:01,920 --> 00:26:04,919
Speaker 3: to the network, to the Bitcoin network, and that is

484
00:26:04,960 --> 00:26:08,160
Speaker 3: what provides the security, and that's what is that's what

485
00:26:08,320 --> 00:26:11,679
Speaker 3: prints the next bitcoin out of the twenty one total,

486
00:26:11,760 --> 00:26:14,000
Speaker 3: twenty one million total that will ever be created.

487
00:26:14,480 --> 00:26:17,680
Speaker 6: So when you're a minor, you get rewarded for that

488
00:26:18,200 --> 00:26:21,840
Speaker 6: computational power you're giving to the network in bitcoin, and

489
00:26:21,840 --> 00:26:24,320
Speaker 6: that's the birth of the new bitcoin that come onto

490
00:26:24,359 --> 00:26:27,800
Speaker 6: the network. That will stop at twenty one million, and.

491
00:26:27,800 --> 00:26:29,600
Speaker 4: So there will be no more bitcoin.

492
00:26:29,680 --> 00:26:33,520
Speaker 3: Mind, that's the scarcity factor of bitcoin that drives the

493
00:26:33,560 --> 00:26:38,119
Speaker 3: price up. So the network itself can't be shut down

494
00:26:38,240 --> 00:26:42,119
Speaker 3: by any individual. It's it's millions and millions of people

495
00:26:42,280 --> 00:26:45,879
Speaker 3: on every corner of the globe. Let's just say there was,

496
00:26:46,480 --> 00:26:49,840
Speaker 3: you know, the worst event that you could imagine, where

497
00:26:49,880 --> 00:26:54,439
Speaker 3: there's a global emp that there's no technology anymore, Like

498
00:26:54,760 --> 00:26:57,679
Speaker 3: you know, if your money's in technology, that would be

499
00:26:57,680 --> 00:26:59,679
Speaker 3: a question you would need to ask in terms of

500
00:26:59,680 --> 00:27:00,640
Speaker 3: worst scenario.

501
00:27:01,160 --> 00:27:02,360
Speaker 4: Well, here's the reality.

502
00:27:02,880 --> 00:27:06,680
Speaker 3: The second one person put the code that is called

503
00:27:06,720 --> 00:27:10,920
Speaker 3: the bitcoin network to use on the network, the network

504
00:27:11,000 --> 00:27:12,800
Speaker 3: would immediately start off.

505
00:27:12,720 --> 00:27:17,439
Speaker 4: Right where it left off. It's unkillable, it's.

506
00:27:16,800 --> 00:27:20,159
Speaker 3: Been birthed, and it's etched in stone for all eternity.

507
00:27:20,600 --> 00:27:24,399
Speaker 3: Those blocks that have been created that we call the blockchain,

508
00:27:24,960 --> 00:27:28,200
Speaker 3: that make up all of the birth of that bitcoin,

509
00:27:28,480 --> 00:27:31,720
Speaker 3: they can ever be clawed back, they can never be killed.

510
00:27:31,920 --> 00:27:34,480
Speaker 3: They're here for good. So it's a secure of a

511
00:27:34,520 --> 00:27:38,520
Speaker 3: financial network as we've ever created by man. And if

512
00:27:38,560 --> 00:27:41,080
Speaker 3: you're talking about like why you should own a piece

513
00:27:41,119 --> 00:27:44,520
Speaker 3: of it, well, why should you own some gold, or

514
00:27:44,560 --> 00:27:48,160
Speaker 3: why should you own stocks, or why should you own anything?

515
00:27:48,240 --> 00:27:51,640
Speaker 3: You should own it for its appreciatory value. It's had

516
00:27:51,680 --> 00:27:55,280
Speaker 3: an internal appreciation rate of every year of over one

517
00:27:55,320 --> 00:27:56,800
Speaker 3: hundred percent on average.

518
00:27:57,400 --> 00:27:59,679
Speaker 6: It's outperformed every other asset class.

519
00:28:00,119 --> 00:28:03,880
Speaker 3: And on top of it, you control it absolutely. It's

520
00:28:03,960 --> 00:28:06,920
Speaker 3: like an emergency fund that you have buried in the backyard,

521
00:28:06,960 --> 00:28:08,480
Speaker 3: but you don't have to dig a hole, and you

522
00:28:08,520 --> 00:28:11,760
Speaker 3: don't have to dig it up. It's electronically buried. So

523
00:28:11,840 --> 00:28:17,639
Speaker 3: it offers a convenience that no other tangible asset provides.

524
00:28:17,680 --> 00:28:19,600
Speaker 3: And if you keep a lot of if you want

525
00:28:19,640 --> 00:28:22,400
Speaker 3: to keep an emergency fund at your house, there's risk there, right,

526
00:28:22,440 --> 00:28:24,720
Speaker 3: And if you keep cash at the house, there's risk

527
00:28:24,800 --> 00:28:26,960
Speaker 3: in that. You can do the same thing with bitcoin,

528
00:28:27,720 --> 00:28:30,520
Speaker 3: but instead of the cash that's losing value, you can

529
00:28:30,560 --> 00:28:34,520
Speaker 3: have bitcoin that's growing in value because it's becoming scarcer

530
00:28:34,560 --> 00:28:37,600
Speaker 3: and scarcer, and because the global money supply continues to

531
00:28:37,640 --> 00:28:42,640
Speaker 3: go up, and those two factors make bitcoin's price, you know,

532
00:28:43,160 --> 00:28:45,640
Speaker 3: consistently gone up over the last sixteen years.

533
00:28:45,680 --> 00:28:47,360
Speaker 4: So don't believe me.

534
00:28:47,560 --> 00:28:50,640
Speaker 3: Believe people that are much smarter like Larry Saints, who's

535
00:28:50,680 --> 00:28:54,200
Speaker 3: you know, the sounder of Blackrock, and he controls as

536
00:28:54,280 --> 00:28:58,560
Speaker 3: much bitcoins as anybody on the earth through his ETF fund.

537
00:28:59,080 --> 00:29:05,000
Speaker 3: So they put their due diligence. You know, they've set

538
00:29:05,040 --> 00:29:08,480
Speaker 3: the bike bar very high. It took traditional finance extremely

539
00:29:08,520 --> 00:29:10,720
Speaker 3: long to get into bitcoin. Well, now they're not just

540
00:29:10,800 --> 00:29:13,800
Speaker 3: in they're in the deep end with both feet and

541
00:29:14,080 --> 00:29:18,520
Speaker 3: they are creating tremendous momentum in the space because of

542
00:29:18,560 --> 00:29:21,520
Speaker 3: their efforts. So it's the bridge of the traditional finance

543
00:29:21,560 --> 00:29:25,320
Speaker 3: world with this new digital finance world. But you can't

544
00:29:25,320 --> 00:29:28,160
Speaker 3: get rid of It's inevitable. It will take over everything

545
00:29:28,240 --> 00:29:33,680
Speaker 3: because it's more convenient, it's quicker transactionally, it's cheaper transactionally,

546
00:29:33,720 --> 00:29:36,719
Speaker 3: it requires no human beings, and there's no errors that

547
00:29:36,760 --> 00:29:40,640
Speaker 3: ever take place, So it's just superior in almost every way.

548
00:29:41,080 --> 00:29:43,400
Speaker 1: Tilman Holloway is our guest. His company is called the

549
00:29:43,680 --> 00:29:47,600
Speaker 1: Archpublic dot com full disclosure. They are a sponsor of

550
00:29:47,600 --> 00:29:51,320
Speaker 1: our show in Houston, and they are a software company

551
00:29:51,360 --> 00:29:53,600
Speaker 1: whereby you will get into that in a moment if

552
00:29:53,640 --> 00:29:57,080
Speaker 1: he has time where you can make trades on there.

553
00:29:57,120 --> 00:29:57,920
Speaker 4: But he is.

554
00:29:58,480 --> 00:30:00,920
Speaker 1: He has been studying bitcoin for you years long before

555
00:30:00,920 --> 00:30:04,600
Speaker 1: you own a company in the space. And I'm going

556
00:30:04,680 --> 00:30:07,200
Speaker 1: to tease a subject because we're short on time here

557
00:30:07,280 --> 00:30:09,680
Speaker 1: that we'll get to in the next segment. When I

558
00:30:09,680 --> 00:30:11,240
Speaker 1: got up, well, I'll see it. Let me just lay

559
00:30:11,280 --> 00:30:13,480
Speaker 1: that out and then give you the break. Can you

560
00:30:13,520 --> 00:30:14,000
Speaker 1: stick with us?

561
00:30:14,040 --> 00:30:17,880
Speaker 4: Tillman sure? Okay? And by the way.

562
00:30:17,880 --> 00:30:20,960
Speaker 1: If anyone wants to communicate with Tilman or see his

563
00:30:21,040 --> 00:30:23,720
Speaker 1: website or whatever else, it's darchpublic dot com. But I

564
00:30:23,800 --> 00:30:27,120
Speaker 1: understand a lot of people are driving. You can email

565
00:30:27,160 --> 00:30:32,960
Speaker 1: me through our website, Bmichael Berryshow dot com. And if

566
00:30:33,000 --> 00:30:35,840
Speaker 1: you email me about any of our sponsors or anything else,

567
00:30:36,240 --> 00:30:39,360
Speaker 1: I will forward that either in this case directly to Tillman,

568
00:30:39,760 --> 00:30:43,080
Speaker 1: the head of that company, or for anything else any

569
00:30:43,080 --> 00:30:45,680
Speaker 1: of our other show sponsors. If you want to be connected,

570
00:30:45,840 --> 00:30:47,840
Speaker 1: I know the heads of each one of those companies,

571
00:30:48,040 --> 00:30:49,320
Speaker 1: and I'm glad to connect you.

572
00:30:49,920 --> 00:30:51,360
Speaker 2: But here's the two things I want you to think

573
00:30:51,360 --> 00:30:52,200
Speaker 2: about during the break.

574
00:30:52,640 --> 00:30:57,360
Speaker 1: So I get multiple emails on the market on all

575
00:30:57,400 --> 00:30:59,880
Speaker 1: sorts of things. And one of the things I saw

576
00:31:00,000 --> 00:31:04,080
Speaker 1: this morning from the Wall Street Journal was quote President

577
00:31:04,120 --> 00:31:08,000
Speaker 1: Trump is signaling that he will blame the Federal Reserve

578
00:31:08,520 --> 00:31:12,560
Speaker 1: for any economic weakness weakness that results from his trade war.

579
00:31:13,360 --> 00:31:17,720
Speaker 1: He might also be seeking to delegitimize the historically independent

580
00:31:17,760 --> 00:31:21,360
Speaker 1: institution in a way that could undermine its effectiveness.

581
00:31:21,800 --> 00:31:24,000
Speaker 2: I hope so. I hope so.

582
00:31:24,440 --> 00:31:26,240
Speaker 1: Because they need to lower the interest rate to spur

583
00:31:26,320 --> 00:31:29,000
Speaker 1: economic activity the way they did for Biden, and they're

584
00:31:29,000 --> 00:31:31,000
Speaker 1: not and they kept it too low for too long,

585
00:31:31,040 --> 00:31:33,960
Speaker 1: which led to inflation. We'll talking about that, but part

586
00:31:33,960 --> 00:31:36,400
Speaker 1: and parcels separate story, but I think they're tied together.

587
00:31:37,080 --> 00:31:42,040
Speaker 1: President Trump's pledge to make America a quote bitcoin superpower

588
00:31:42,120 --> 00:31:45,400
Speaker 1: end quote has set the stage for crypto to become

589
00:31:45,560 --> 00:31:48,160
Speaker 1: more intertwined with the banking system.

590
00:31:48,880 --> 00:31:50,200
Speaker 2: So whatever you may think.

591
00:31:50,040 --> 00:31:55,320
Speaker 1: Of my buddy Tillman Callaway and his bitcoin fascination, you

592
00:31:55,400 --> 00:31:57,880
Speaker 1: better know the President of the United States has committed

593
00:31:58,480 --> 00:32:01,760
Speaker 1: to bitcoin and making us a leader in the world

594
00:32:01,840 --> 00:32:03,920
Speaker 1: in bitcoin. And if you don't think that's going to

595
00:32:03,960 --> 00:32:07,520
Speaker 1: have some effect on the legitimacy of bitcoin, you're not

596
00:32:07,560 --> 00:32:08,200
Speaker 1: paying attention.

597
00:32:08,440 --> 00:32:08,880
Speaker 4: Coming up,