1 00:00:13,600 --> 00:00:16,320 Speaker 1: Hey, everyone, Welcome to another episode of the Market Disruptor Show, 2 00:00:16,320 --> 00:00:18,439 Speaker 1: and today I am joined by John Wallace. He is 3 00:00:18,480 --> 00:00:21,840 Speaker 1: the host of the Bitcoin Rapid Fire podcast. He is 4 00:00:21,880 --> 00:00:24,880 Speaker 1: a deep thinker, he's an educator. He's he read a 5 00:00:24,880 --> 00:00:27,120 Speaker 1: lot of a lot of literature, helping other people discover 6 00:00:27,160 --> 00:00:29,880 Speaker 1: that literature. Um, I'm excited to have this conversation to day. John, 7 00:00:29,880 --> 00:00:32,440 Speaker 1: Thanks so much for joining. Alright, it's great to be here. 8 00:00:32,440 --> 00:00:34,960 Speaker 1: I'm looking forward to this. So. Yeah, I know you 9 00:00:34,960 --> 00:00:37,400 Speaker 1: put out a lot of content and for those paying attention, 10 00:00:37,440 --> 00:00:39,120 Speaker 1: they start to kind of get an idea of your 11 00:00:39,159 --> 00:00:41,680 Speaker 1: viewpoints and whatnot. But for those of that are new 12 00:00:41,720 --> 00:00:43,159 Speaker 1: to you at this point, um, why don't you just 13 00:00:43,159 --> 00:00:45,199 Speaker 1: give us a little bit of background on, um, you know, 14 00:00:45,280 --> 00:00:48,800 Speaker 1: kind of what you're focusing on and what you're doing. Sure, 15 00:00:49,640 --> 00:00:52,240 Speaker 1: very briefly, I started my career in wealth management. I 16 00:00:52,600 --> 00:00:55,640 Speaker 1: lived in China for a decade, in Shanghai and Beijing, 17 00:00:55,920 --> 00:01:00,680 Speaker 1: and uh really did not enjoy the incentives there. You know, 18 00:01:00,720 --> 00:01:04,559 Speaker 1: it was very the how the the legacy system had 19 00:01:04,800 --> 00:01:07,760 Speaker 1: degraded and decayed and kind of broken was very apparent 20 00:01:07,840 --> 00:01:10,679 Speaker 1: to me. And I had always been you know, kind 21 00:01:10,720 --> 00:01:12,880 Speaker 1: of unsettled by the state of the world. It looked 22 00:01:12,880 --> 00:01:14,320 Speaker 1: to be going in the wrong direction to me, and 23 00:01:14,680 --> 00:01:16,520 Speaker 1: being in the belly of the beast as it were, 24 00:01:16,760 --> 00:01:18,240 Speaker 1: you know, just kind of proved that out to me 25 00:01:18,319 --> 00:01:21,760 Speaker 1: even more. Hey, guys, let me just interrupt this interview 26 00:01:21,800 --> 00:01:24,280 Speaker 1: real quick, just to plug the show sponsor, and that 27 00:01:24,480 --> 00:01:27,800 Speaker 1: is block Fi. Now. Block five is doing amazing things 28 00:01:27,840 --> 00:01:30,480 Speaker 1: in the bitcoin finance space. As a matter of fact, 29 00:01:30,480 --> 00:01:32,640 Speaker 1: they've cracked some really big news by bringing on the 30 00:01:32,880 --> 00:01:36,759 Speaker 1: x cftc UM chair Chris gian Carlo Um and they 31 00:01:36,800 --> 00:01:40,600 Speaker 1: are one of the most transparent, most heavily regulated UM 32 00:01:40,680 --> 00:01:42,800 Speaker 1: companies inside the United States, which gives me a lot 33 00:01:42,840 --> 00:01:45,680 Speaker 1: of trust into what the services are. Now. I've recently 34 00:01:45,720 --> 00:01:48,960 Speaker 1: did a video talking about how to retire off bitcoin 35 00:01:49,240 --> 00:01:52,080 Speaker 1: and you can do that by leveraging debt and interest 36 00:01:52,120 --> 00:01:56,080 Speaker 1: against bitcoin. And Block five is the number one company 37 00:01:56,120 --> 00:01:57,960 Speaker 1: in the United States or maybe in the world to 38 00:01:58,120 --> 00:02:00,800 Speaker 1: go to and use UM. They are leading the charges 39 00:02:00,960 --> 00:02:02,760 Speaker 1: or paying interest on your bitcoin if you park it 40 00:02:02,800 --> 00:02:05,080 Speaker 1: with him, or you can borrow against it. Now, as 41 00:02:05,080 --> 00:02:07,360 Speaker 1: I broke down in that video, you can borrow against 42 00:02:07,360 --> 00:02:10,280 Speaker 1: your bitcoin, and when you take debt against it, it's 43 00:02:10,320 --> 00:02:12,600 Speaker 1: not taxable. It's not taxable. Event you can use that 44 00:02:12,639 --> 00:02:14,799 Speaker 1: debt for anything that you want, including to live off of, 45 00:02:15,000 --> 00:02:16,960 Speaker 1: to leverage up and buy more, or roll it into 46 00:02:17,000 --> 00:02:19,960 Speaker 1: another asset. Um you can do something like I've done recently, 47 00:02:20,040 --> 00:02:22,520 Speaker 1: like sell some real estate put that money into bitcoin. 48 00:02:22,960 --> 00:02:25,240 Speaker 1: Now as that bitcoin price has risen, I'm able to 49 00:02:25,280 --> 00:02:27,440 Speaker 1: borrow against it and go back and buy the same 50 00:02:27,440 --> 00:02:30,359 Speaker 1: real estate or something similar. And I still own the bitcoin, 51 00:02:30,600 --> 00:02:33,560 Speaker 1: and I also owned the new asset as well. Lots 52 00:02:33,560 --> 00:02:35,679 Speaker 1: of ways you can do this um. And block five 53 00:02:35,840 --> 00:02:38,640 Speaker 1: is the company that I recommend. Down in the description, 54 00:02:38,680 --> 00:02:40,280 Speaker 1: I have a link that you can click on. If 55 00:02:40,280 --> 00:02:41,680 Speaker 1: you choose to use that link, you can earn up 56 00:02:41,680 --> 00:02:44,160 Speaker 1: the two h fifty dollars in bitcoin just for using 57 00:02:44,200 --> 00:02:46,560 Speaker 1: that link. So check out block fine now. And so 58 00:02:46,720 --> 00:02:48,920 Speaker 1: you know, I wandered for a while, try to learn, 59 00:02:49,000 --> 00:02:52,000 Speaker 1: try to figure out, you know, you know, what could 60 00:02:52,200 --> 00:02:56,360 Speaker 1: resolve the world's issues. And then you know, around thirteen fourteen, 61 00:02:56,400 --> 00:02:59,679 Speaker 1: I came across bitcoin. I started going down the rabbit hole, 62 00:03:00,200 --> 00:03:02,600 Speaker 1: touched it a few times before it really clicked. And then, 63 00:03:02,840 --> 00:03:05,000 Speaker 1: you know, like many of us, uh, it's been a 64 00:03:05,040 --> 00:03:08,000 Speaker 1: never ending journey ever since. And and conviction and interest 65 00:03:08,080 --> 00:03:11,080 Speaker 1: just continues to increase as I learn more about both 66 00:03:11,080 --> 00:03:13,679 Speaker 1: bitcoin and all the different things that it touches and 67 00:03:13,720 --> 00:03:16,640 Speaker 1: the implications that it's going to have on society. And so, 68 00:03:16,960 --> 00:03:19,640 Speaker 1: you know, my focus these days is not so much 69 00:03:20,160 --> 00:03:24,360 Speaker 1: building the case for bitcoin and discussing, you know, where 70 00:03:24,400 --> 00:03:27,639 Speaker 1: it sits in the economic and financial paradigm of the 71 00:03:27,680 --> 00:03:30,440 Speaker 1: world and investing all that is really interesting and I 72 00:03:30,440 --> 00:03:33,160 Speaker 1: think you know, um, there's a lot of great acommendators, 73 00:03:33,200 --> 00:03:35,760 Speaker 1: including yourself, that that really delve into those topics, and 74 00:03:35,800 --> 00:03:38,840 Speaker 1: I really appreciate your insights as we're discussing before we 75 00:03:38,880 --> 00:03:43,040 Speaker 1: fired this up. My main interest is looking at what 76 00:03:43,240 --> 00:03:45,720 Speaker 1: are going to be the implications of having this form 77 00:03:45,760 --> 00:03:49,080 Speaker 1: of money emerged on the world. What are the characteristics 78 00:03:49,120 --> 00:03:51,720 Speaker 1: of the parallel system that is emerging as you know 79 00:03:51,880 --> 00:03:56,760 Speaker 1: that that is the bitcoin culture, let's say, and how 80 00:03:56,760 --> 00:03:59,520 Speaker 1: it's changing people, you know. That's that's my big thing 81 00:03:59,600 --> 00:04:03,840 Speaker 1: is nothing matters unless it changes behavior, right, That's why 82 00:04:04,000 --> 00:04:06,840 Speaker 1: things are interesting, That's why things are important. That's why 83 00:04:06,960 --> 00:04:10,920 Speaker 1: tools are relevant and useful because they allow a certain 84 00:04:10,920 --> 00:04:14,240 Speaker 1: form of novel behavior or they improve upon a behavior 85 00:04:14,480 --> 00:04:17,560 Speaker 1: that was you know, that existed before and so for me, 86 00:04:17,640 --> 00:04:20,760 Speaker 1: the interesting question is is what does this thing mean 87 00:04:21,480 --> 00:04:26,000 Speaker 1: for changes in human behavior and interaction? And I think 88 00:04:26,040 --> 00:04:29,320 Speaker 1: if you're in the bitcoin quote unquote community, if you're 89 00:04:29,360 --> 00:04:32,080 Speaker 1: mixing it up on Twitter, if you're paying attention, you're 90 00:04:32,080 --> 00:04:37,680 Speaker 1: starting to notice that a unique culture is emerging with 91 00:04:37,760 --> 00:04:41,200 Speaker 1: certain principles and certain values, and certain forms of communication 92 00:04:41,279 --> 00:04:45,039 Speaker 1: and certain ideas and certain methods of interacting. And that's 93 00:04:45,040 --> 00:04:47,800 Speaker 1: what I really like delving into. And uh, it's it's 94 00:04:47,839 --> 00:04:49,680 Speaker 1: been a real honor and a privilege to be able 95 00:04:49,720 --> 00:04:52,640 Speaker 1: to do so yeah, yeah, it is. It is awesome, 96 00:04:52,680 --> 00:04:56,120 Speaker 1: and I want to dig into that. Um uh, well, 97 00:04:56,279 --> 00:04:57,760 Speaker 1: we'll position that towards the end. I want to. I 98 00:04:57,800 --> 00:04:59,320 Speaker 1: want to I want to start by kind of setting 99 00:04:59,320 --> 00:05:00,960 Speaker 1: a stage a little bit kind of for where we're 100 00:05:01,000 --> 00:05:03,240 Speaker 1: at right now, and then uh, really I want to 101 00:05:03,320 --> 00:05:06,960 Speaker 1: kind of dive into, um, you know, more actionable stuff 102 00:05:07,000 --> 00:05:08,720 Speaker 1: like what we can set up the stage with some 103 00:05:08,760 --> 00:05:10,919 Speaker 1: of the problems that we see and maybe some underlying reasons, 104 00:05:10,920 --> 00:05:13,200 Speaker 1: and then we'll dig into maybe some actionable stuff and 105 00:05:13,400 --> 00:05:15,640 Speaker 1: we'll talk about this parallel system that's being built. As 106 00:05:15,800 --> 00:05:17,720 Speaker 1: as you said, this whole culture of people is kind 107 00:05:17,760 --> 00:05:20,120 Speaker 1: of congregating and doing real things that I that I 108 00:05:20,120 --> 00:05:21,520 Speaker 1: think brings a lot of hope if people were to 109 00:05:21,600 --> 00:05:24,160 Speaker 1: learn about that. But UM, if we start kind of 110 00:05:24,200 --> 00:05:28,000 Speaker 1: at the beginning, um, or I should say a present day, Um, obviously, 111 00:05:28,000 --> 00:05:30,560 Speaker 1: the world is in a state of uh, I don't 112 00:05:30,560 --> 00:05:32,200 Speaker 1: know what you want to call it, the disrepair. I 113 00:05:32,200 --> 00:05:35,080 Speaker 1: mean that people, everybody knows there's something going wrong, and 114 00:05:35,120 --> 00:05:38,359 Speaker 1: it seems like tensions are boiling high. Um, all across 115 00:05:38,400 --> 00:05:39,760 Speaker 1: the world. I know you're in you know, we're in 116 00:05:39,760 --> 00:05:44,080 Speaker 1: different countries, but we're all still seeing the same things. UM. 117 00:05:44,320 --> 00:05:46,480 Speaker 1: Kind of give us a I mean, I guess you 118 00:05:46,560 --> 00:05:48,640 Speaker 1: studied a lot of like history, right, so a lot 119 00:05:48,680 --> 00:05:50,320 Speaker 1: of these books and they've kind of foretold a lot 120 00:05:50,400 --> 00:05:52,120 Speaker 1: of it. But now we seem to be learning some 121 00:05:52,200 --> 00:05:55,000 Speaker 1: of these same lessons that our forefathers warned us about. 122 00:05:55,000 --> 00:05:57,039 Speaker 1: So what what do you think is happening right now 123 00:05:57,080 --> 00:05:59,040 Speaker 1: in the world that maybe could have been avoided or 124 00:05:59,080 --> 00:06:01,040 Speaker 1: we were warned about that that we're that we're all 125 00:06:01,040 --> 00:06:04,200 Speaker 1: staring at right now. Well that's the sixty four million 126 00:06:04,200 --> 00:06:08,200 Speaker 1: dollar question, isn't it. But you know, I think down yeah, yeah, 127 00:06:08,360 --> 00:06:11,120 Speaker 1: I mean they say history doesn't repeat, but it rhymes, 128 00:06:11,160 --> 00:06:13,400 Speaker 1: and that I think is one of the reasons why 129 00:06:13,440 --> 00:06:16,480 Speaker 1: we continue to make the same mistakes, because the circumstances 130 00:06:16,520 --> 00:06:19,600 Speaker 1: of history are always different, the players, the times, all 131 00:06:19,640 --> 00:06:22,760 Speaker 1: that kind of stuff. But the let's say, the psychological 132 00:06:22,839 --> 00:06:26,280 Speaker 1: processes that underpinned the thinking and the decision making are, 133 00:06:26,640 --> 00:06:29,560 Speaker 1: you know, are very similar, you know so, and I 134 00:06:29,600 --> 00:06:31,760 Speaker 1: know some people will find this extreme, but lately I've 135 00:06:31,760 --> 00:06:35,800 Speaker 1: been digging, digging into nineteen thirties Germany, right because I 136 00:06:35,880 --> 00:06:38,719 Speaker 1: I wanted to see or I want to try to 137 00:06:38,760 --> 00:06:44,240 Speaker 1: understand better what psychological processes, what assumptions, what biases, what 138 00:06:44,560 --> 00:06:47,960 Speaker 1: you know, what was going on in the cultural zeitgeist 139 00:06:47,960 --> 00:06:51,320 Speaker 1: at the time that allowed that circumstance to unfold the 140 00:06:51,360 --> 00:06:55,120 Speaker 1: way that it did, because I reject the the simplistic 141 00:06:55,240 --> 00:06:58,720 Speaker 1: explanation that either everyone was scared of that out of 142 00:06:58,760 --> 00:07:01,080 Speaker 1: their boots and they just act yes too, you know, 143 00:07:01,120 --> 00:07:04,920 Speaker 1: a tyrannical leader, or that they were you know, somehow 144 00:07:04,920 --> 00:07:08,120 Speaker 1: corrupted and they were all evil and they were uniquely 145 00:07:08,240 --> 00:07:11,239 Speaker 1: evil for example, and that couldn't happen to other people 146 00:07:11,320 --> 00:07:13,920 Speaker 1: because you know, for whatever reason. I mean, the fact 147 00:07:14,000 --> 00:07:17,680 Speaker 1: is is that we're all human beings, and so the 148 00:07:17,760 --> 00:07:21,840 Speaker 1: behavior of any one human being exists and is every 149 00:07:21,920 --> 00:07:25,000 Speaker 1: human being is capable of the same behavior. The question 150 00:07:25,080 --> 00:07:28,320 Speaker 1: is is what circumstances draw that out? What what psychological 151 00:07:28,360 --> 00:07:32,480 Speaker 1: processes allow that to occur? And um, you know, so 152 00:07:32,560 --> 00:07:35,280 Speaker 1: that the times we're in right now are really concerning 153 00:07:35,280 --> 00:07:39,640 Speaker 1: for me, because, um, I see a lot of delusion 154 00:07:39,920 --> 00:07:42,880 Speaker 1: in the world. I see a lot of dishonesty. I 155 00:07:42,920 --> 00:07:45,160 Speaker 1: see a lot of I see this the strength of 156 00:07:45,200 --> 00:07:49,680 Speaker 1: ideology in the world. I see the corrupting effect of 157 00:07:49,800 --> 00:07:52,880 Speaker 1: the cultural zeitgeist that causes people not to see things 158 00:07:52,920 --> 00:07:56,520 Speaker 1: clearly and not even want to see things clearly. So, 159 00:07:56,800 --> 00:08:01,360 Speaker 1: you know, that's all extremely concerning. And what I think 160 00:08:01,440 --> 00:08:03,640 Speaker 1: is different this time, you know, to be honest, and 161 00:08:03,680 --> 00:08:07,200 Speaker 1: to bring it back to bitcoin, is that Bitcoin I 162 00:08:07,240 --> 00:08:14,840 Speaker 1: think is a genuinely unique thing or element that that 163 00:08:14,920 --> 00:08:19,280 Speaker 1: we can interact with that really changes, um some of 164 00:08:19,320 --> 00:08:22,600 Speaker 1: the changes that the dynamic in a way that might 165 00:08:22,640 --> 00:08:26,280 Speaker 1: allow us to not make the same mistakes that we've 166 00:08:26,280 --> 00:08:29,440 Speaker 1: made in the past. Now, you know, will it, will 167 00:08:29,480 --> 00:08:32,680 Speaker 1: it catch on quick enough? Will enough people get it? 168 00:08:32,760 --> 00:08:35,160 Speaker 1: And are we correct in our assumption about what it is? 169 00:08:35,200 --> 00:08:37,640 Speaker 1: But you know, I don't have to explain to you 170 00:08:37,679 --> 00:08:40,560 Speaker 1: but just you know, for your audience, the corruption of 171 00:08:40,600 --> 00:08:45,720 Speaker 1: the money has been one of the repeating problems throughout history, 172 00:08:45,880 --> 00:08:48,000 Speaker 1: you know, whether we're talking about Roman times or whether 173 00:08:48,040 --> 00:08:50,480 Speaker 1: we're talking about the modern nation state, and of course 174 00:08:50,559 --> 00:08:52,880 Speaker 1: the regime that we're under globally right now since nine 175 00:08:54,520 --> 00:08:57,000 Speaker 1: the powers that be, whoever they are, and and to 176 00:08:57,040 --> 00:09:00,720 Speaker 1: be honest, I think most of the time well intended, 177 00:09:01,160 --> 00:09:04,920 Speaker 1: you know. I I don't ascribe so easily to you know, 178 00:09:05,080 --> 00:09:08,440 Speaker 1: the notion that we have evil overlords that are you know, 179 00:09:08,679 --> 00:09:12,680 Speaker 1: intentionally enslaving us. I think a lot of the time 180 00:09:12,720 --> 00:09:16,920 Speaker 1: it's incompetence and ignorance, not malice. But nevertheless, the process 181 00:09:16,920 --> 00:09:19,679 Speaker 1: that unfolds is that the money is corrupted and we 182 00:09:19,760 --> 00:09:24,160 Speaker 1: lose a tether to any sense of reality and in 183 00:09:24,200 --> 00:09:26,840 Speaker 1: the creation of our money, and as a result, a 184 00:09:26,960 --> 00:09:30,520 Speaker 1: world of illusion emerges on top of that. And it's 185 00:09:30,600 --> 00:09:33,840 Speaker 1: it's almost, you know, poetically correct that if you if 186 00:09:33,880 --> 00:09:39,079 Speaker 1: the value underpinning the society is an illusion, is created 187 00:09:39,080 --> 00:09:42,800 Speaker 1: out of nothing, then why would you expect the perception 188 00:09:42,840 --> 00:09:46,679 Speaker 1: of the society at large to be anything different? And 189 00:09:48,520 --> 00:09:50,200 Speaker 1: that's that's all. That's that's a lot of good stuff. 190 00:09:50,240 --> 00:09:52,040 Speaker 1: I want to unpack some of that stuff for it 191 00:09:52,080 --> 00:09:54,160 Speaker 1: for just a minute. So, UM, A couple of things 192 00:09:54,160 --> 00:09:56,120 Speaker 1: that you said, and I think it's important for everyone 193 00:09:56,160 --> 00:09:57,880 Speaker 1: to pay attention to you, is that you know a 194 00:09:57,920 --> 00:09:59,440 Speaker 1: lot of times people who want to just focus on 195 00:09:59,480 --> 00:10:01,840 Speaker 1: the money and like Mark, I just subscribed you just 196 00:10:01,880 --> 00:10:03,640 Speaker 1: to hear about money and economics and what the FED 197 00:10:03,720 --> 00:10:06,360 Speaker 1: is doing. But like all of this is intertwined, right, 198 00:10:06,360 --> 00:10:09,640 Speaker 1: So you have to understand like, you know, human you 199 00:10:09,640 --> 00:10:13,240 Speaker 1: know humanity, as you said, like humans are somewhat predictable. Um, 200 00:10:13,320 --> 00:10:15,760 Speaker 1: you know we have we all have human nature. Basically, 201 00:10:15,800 --> 00:10:18,520 Speaker 1: humans are motivated by two things, right, Uh, moving towards 202 00:10:18,559 --> 00:10:21,000 Speaker 1: pleasure moving away from pain. Um. And so we're kind 203 00:10:21,000 --> 00:10:23,800 Speaker 1: of like on this bumper ride, like moving between that. UM. 204 00:10:23,840 --> 00:10:25,480 Speaker 1: So you have to kind of understand human nature. You 205 00:10:25,520 --> 00:10:28,600 Speaker 1: have to understand societal stuff, um to to really get 206 00:10:28,600 --> 00:10:31,640 Speaker 1: that and and kind of what you were talking about, 207 00:10:31,640 --> 00:10:33,520 Speaker 1: I think if I have this right, but if you 208 00:10:33,559 --> 00:10:36,679 Speaker 1: look at um, you were looking at nineteen thirties Germany 209 00:10:36,760 --> 00:10:39,400 Speaker 1: and obviously that was a time of great turmoil that 210 00:10:39,480 --> 00:10:42,800 Speaker 1: led to the whole world going into a war. Um. 211 00:10:42,800 --> 00:10:45,960 Speaker 1: It was almost like society is always like a push pull, right, 212 00:10:46,160 --> 00:10:48,440 Speaker 1: like when it's a cause and an effect, so like 213 00:10:48,480 --> 00:10:52,000 Speaker 1: when this type of environment happens, then this is kind 214 00:10:52,000 --> 00:10:54,640 Speaker 1: of the outcome. So I guess are you seeing when 215 00:10:54,679 --> 00:10:56,920 Speaker 1: you're back in nineteen thirties, are you seeing like these 216 00:10:56,920 --> 00:11:00,360 Speaker 1: certain factors were apparent in the world or in Germany 217 00:11:00,400 --> 00:11:03,440 Speaker 1: at that time, which was then led to that outcome, 218 00:11:03,480 --> 00:11:05,520 Speaker 1: And then maybe we see those same type of factors 219 00:11:05,520 --> 00:11:07,680 Speaker 1: setting up today that could potentially lead to the same 220 00:11:07,720 --> 00:11:11,719 Speaker 1: type of outcome. The simple answer is yes. I mean, 221 00:11:11,720 --> 00:11:14,040 Speaker 1: I'm not going to pretend to understand all the different 222 00:11:14,080 --> 00:11:17,720 Speaker 1: variables that went into the psychology of your middle class 223 00:11:17,720 --> 00:11:21,840 Speaker 1: German citizen in the early nineteen thirties, but broadly speaking, 224 00:11:21,920 --> 00:11:24,600 Speaker 1: what I think is happening is that people are being 225 00:11:24,720 --> 00:11:28,120 Speaker 1: led astray by ideology and there's not enough of a 226 00:11:28,160 --> 00:11:34,080 Speaker 1: commitment to developing a perception based on clarity and truth. Right, 227 00:11:34,120 --> 00:11:38,800 Speaker 1: There's not enough, uh, dedication to that. And if there isn't, 228 00:11:39,160 --> 00:11:42,120 Speaker 1: I think it's easy to be led astray by fear, 229 00:11:42,440 --> 00:11:49,200 Speaker 1: by ideology, by a charismatic leader, by the you know, 230 00:11:49,440 --> 00:11:53,240 Speaker 1: by the different delusions that emerge as a result of 231 00:11:53,240 --> 00:11:56,199 Speaker 1: how the government spends money, creates money, all that kind 232 00:11:56,200 --> 00:11:59,720 Speaker 1: of stuff. So you know, broadly speaking, one of the 233 00:11:59,760 --> 00:12:01,680 Speaker 1: thing it troubles me the most, and the thing that 234 00:12:01,720 --> 00:12:06,720 Speaker 1: I guess I try to articulate is don't you know, 235 00:12:07,120 --> 00:12:09,600 Speaker 1: make up your own mind, critic your own critical thinking 236 00:12:09,840 --> 00:12:13,239 Speaker 1: is of the utmost important here and never stop refining 237 00:12:13,240 --> 00:12:16,920 Speaker 1: your perspectives because that's what That's how we give away 238 00:12:16,920 --> 00:12:19,640 Speaker 1: our freedom far before we're locked into a cage or 239 00:12:19,640 --> 00:12:22,880 Speaker 1: a country or what have you, is we we delegate 240 00:12:23,920 --> 00:12:26,960 Speaker 1: our perception to somebody else. We allow somebody else to 241 00:12:27,000 --> 00:12:29,520 Speaker 1: construct it for us. And there's many reasons for that, 242 00:12:29,559 --> 00:12:32,040 Speaker 1: and there's there's reasons of incentive and in fear and 243 00:12:32,080 --> 00:12:35,120 Speaker 1: that those kind of things. But I think if we 244 00:12:35,200 --> 00:12:37,360 Speaker 1: need to get back to a place where we trust 245 00:12:37,360 --> 00:12:40,640 Speaker 1: ourselves more than anybody, and if you're going to trust yourself, 246 00:12:40,960 --> 00:12:42,800 Speaker 1: you have to put in the work. You have to 247 00:12:42,920 --> 00:12:47,600 Speaker 1: educate yourself. And you know, again, in today's society, most 248 00:12:47,640 --> 00:12:51,880 Speaker 1: people rely on outside sources, uh for their education. I mean, 249 00:12:52,520 --> 00:12:55,320 Speaker 1: most people take the nightly news and they read maybe 250 00:12:55,360 --> 00:12:57,400 Speaker 1: the newspaper and a couple of people that they follow 251 00:12:57,480 --> 00:13:00,280 Speaker 1: online and they feel like they've got to grasp on 252 00:13:00,280 --> 00:13:02,880 Speaker 1: on what's going on in the world. And um, I 253 00:13:02,920 --> 00:13:08,079 Speaker 1: also think there's we're so deep into the let's say 254 00:13:08,160 --> 00:13:12,800 Speaker 1: late stage Fiat big government dynamic, um, that it seems 255 00:13:12,840 --> 00:13:15,600 Speaker 1: so natural and normal to people. And again you could 256 00:13:15,600 --> 00:13:18,040 Speaker 1: you could probably easily make a parallel to nineteen thirties 257 00:13:18,040 --> 00:13:22,199 Speaker 1: Germany that things the status quo is very intoxicating. It 258 00:13:22,520 --> 00:13:25,440 Speaker 1: can feel normal, like you emerge in a world and 259 00:13:25,440 --> 00:13:27,440 Speaker 1: you think, well, it's always kind of been this way, 260 00:13:27,480 --> 00:13:31,319 Speaker 1: so this is the way that it should be. Exactly. 261 00:13:31,400 --> 00:13:33,840 Speaker 1: These are the defenders of the status quo. This is 262 00:13:33,880 --> 00:13:36,280 Speaker 1: basically the crux of their argument. Whereas I think we 263 00:13:36,320 --> 00:13:38,280 Speaker 1: would come from the perspective of looking at things from 264 00:13:38,320 --> 00:13:42,000 Speaker 1: first principles and saying, is this the way things should be? 265 00:13:42,160 --> 00:13:45,199 Speaker 1: What is wrong here? And what is wrong based on 266 00:13:45,760 --> 00:13:49,880 Speaker 1: perhaps moral principles, what is wrong based on you know, uh, 267 00:13:50,200 --> 00:13:53,000 Speaker 1: previous outcomes in the past that we can glean insights 268 00:13:53,040 --> 00:13:55,800 Speaker 1: from and apply them to what's happening currently. Um, And 269 00:13:55,800 --> 00:13:58,640 Speaker 1: there just seems to be not enough of that going on, 270 00:13:58,720 --> 00:14:00,559 Speaker 1: and I think that's partially why we're we're going down 271 00:14:00,600 --> 00:14:04,000 Speaker 1: the wrong road in many cases. Yeah, um, it's interesting. 272 00:14:04,120 --> 00:14:06,600 Speaker 1: You know, you were talking about kind of this education 273 00:14:06,679 --> 00:14:09,840 Speaker 1: and people are differing their education or relying on relying 274 00:14:09,880 --> 00:14:11,959 Speaker 1: on so called experts today rather than trying to figure 275 00:14:11,960 --> 00:14:16,320 Speaker 1: things out for themselves. And it's interesting, right, it starts 276 00:14:16,360 --> 00:14:19,880 Speaker 1: with consuming information and then thinking through that, and then 277 00:14:19,880 --> 00:14:22,440 Speaker 1: you're thinking changes your actions. You had talked earlier about right, 278 00:14:22,480 --> 00:14:25,200 Speaker 1: we have to change actions. Um. But but you know 279 00:14:25,240 --> 00:14:27,360 Speaker 1: it's interesting if we look back through history, we can 280 00:14:27,400 --> 00:14:30,240 Speaker 1: see that many times. Let's say, you know, before the 281 00:14:30,280 --> 00:14:32,880 Speaker 1: separation of church and state, right, the church was the 282 00:14:32,920 --> 00:14:35,800 Speaker 1: state for so long, and the people didn't have the information. 283 00:14:35,840 --> 00:14:37,840 Speaker 1: They didn't have the Bible, so they relied on the 284 00:14:37,920 --> 00:14:39,920 Speaker 1: Church to tell them what the Bible said, and they 285 00:14:40,000 --> 00:14:42,480 Speaker 1: just whatever the Church says, that's what the Bible says. Right. 286 00:14:42,600 --> 00:14:45,560 Speaker 1: But once that was decentralized and everybody had it, they 287 00:14:45,560 --> 00:14:47,480 Speaker 1: could all read it for themselves, and it was that 288 00:14:47,640 --> 00:14:51,600 Speaker 1: education process that freed them. I think we could see again, um, 289 00:14:51,960 --> 00:14:55,000 Speaker 1: the Roman Empire seven years of you know, an amazing republic, 290 00:14:55,000 --> 00:14:56,720 Speaker 1: and it fell, we went to the dark ages. They 291 00:14:56,800 --> 00:15:00,240 Speaker 1: lost all the education, and then the Renaissance people got 292 00:15:00,240 --> 00:15:03,640 Speaker 1: the information again and boom um, and and we might 293 00:15:03,680 --> 00:15:05,960 Speaker 1: almost see the same thing happening today. To your point, 294 00:15:06,040 --> 00:15:09,160 Speaker 1: where all these people don't want to educate themselves. Um, 295 00:15:09,200 --> 00:15:12,120 Speaker 1: but maybe that tide is changing. Maybe, as you said, 296 00:15:12,120 --> 00:15:14,320 Speaker 1: there's a whole group of people that are are starting 297 00:15:14,360 --> 00:15:16,920 Speaker 1: to pull out those whole books, dust them off. Maybe 298 00:15:16,960 --> 00:15:20,320 Speaker 1: there's another renaissance coming from that education. Yeah, what do 299 00:15:20,360 --> 00:15:25,360 Speaker 1: you think? Undeniably? You know that the the Internet and 300 00:15:25,440 --> 00:15:28,160 Speaker 1: you know again this show, my show, all the amazing 301 00:15:28,200 --> 00:15:32,240 Speaker 1: content coming out is at least creating a free market 302 00:15:32,360 --> 00:15:35,640 Speaker 1: and information. The incumbents still have a lot of influence. 303 00:15:35,720 --> 00:15:39,520 Speaker 1: There's you know, a lot of ingrained behavior and network 304 00:15:39,560 --> 00:15:41,360 Speaker 1: effects of that kind of stuff. But I think that 305 00:15:41,480 --> 00:15:45,760 Speaker 1: is changing. And the reason why bitcoin is so useful 306 00:15:45,800 --> 00:15:49,200 Speaker 1: in that regard is because you know, some people may 307 00:15:49,240 --> 00:15:53,720 Speaker 1: not be that compelled to learn or enhance their perspective 308 00:15:54,160 --> 00:15:57,400 Speaker 1: for just for that reason. But when there's greed involved, 309 00:15:57,400 --> 00:15:59,920 Speaker 1: when there's money involved, people are far there's a star 310 00:16:00,160 --> 00:16:02,720 Speaker 1: far stronger pull. And so what I find interesting about 311 00:16:02,720 --> 00:16:05,040 Speaker 1: what's happening in bitcoin is a lot of people may 312 00:16:05,080 --> 00:16:08,280 Speaker 1: come for the gains, right, come for your portfolio diversification, 313 00:16:08,360 --> 00:16:11,360 Speaker 1: come for your inflation resistance, whatever, but you wind up 314 00:16:11,360 --> 00:16:16,120 Speaker 1: in this community that is really has a tremendous appetite 315 00:16:16,280 --> 00:16:19,040 Speaker 1: for learning about all the different ways that this thing 316 00:16:19,200 --> 00:16:21,760 Speaker 1: is relevant and meaningful, and so yes, that means in 317 00:16:21,800 --> 00:16:24,640 Speaker 1: the economic, financial, and investing realm, but also means in 318 00:16:24,640 --> 00:16:26,760 Speaker 1: the social. It also means in the historical. It also 319 00:16:26,800 --> 00:16:29,239 Speaker 1: means in the psychological. That also means in the philosophical 320 00:16:29,240 --> 00:16:32,200 Speaker 1: and even the spiritual. And we're still figuring out what 321 00:16:32,240 --> 00:16:34,840 Speaker 1: all that means. But the point is is that these 322 00:16:34,880 --> 00:16:38,400 Speaker 1: people are it's kind of a revivification of their intellectual 323 00:16:38,480 --> 00:16:41,800 Speaker 1: curiosity where I think a lot of people you get 324 00:16:41,800 --> 00:16:45,200 Speaker 1: put through the meat grinder of of you know, formal education. 325 00:16:45,400 --> 00:16:47,120 Speaker 1: You know, you come out of your KG well school, 326 00:16:47,200 --> 00:16:49,560 Speaker 1: you're going to university, a path is kind of set 327 00:16:49,640 --> 00:16:51,480 Speaker 1: for you. You put your blinders on, you work, you 328 00:16:51,520 --> 00:16:54,480 Speaker 1: try to enhance your your life and achieve the things 329 00:16:54,480 --> 00:16:58,400 Speaker 1: you want to achieve, and your your intellectual curiosity gets 330 00:16:58,400 --> 00:17:01,080 Speaker 1: dialed down dramatically because you have to focus. I think 331 00:17:01,120 --> 00:17:03,640 Speaker 1: what bitcoin is doing is is turning that back up, 332 00:17:04,000 --> 00:17:07,600 Speaker 1: and because it's it's kind of proposing to people like, hey, 333 00:17:08,080 --> 00:17:10,720 Speaker 1: there's a new world emerging here, there's a new paradigm 334 00:17:10,760 --> 00:17:13,000 Speaker 1: emerging here, and it's going to change a lot of 335 00:17:13,040 --> 00:17:17,080 Speaker 1: things very radically, and you know, it behooves you to 336 00:17:17,280 --> 00:17:20,400 Speaker 1: learn about what's going on and what those changes might be. 337 00:17:20,680 --> 00:17:23,520 Speaker 1: And also, hey, look, I think at least from my 338 00:17:23,760 --> 00:17:25,840 Speaker 1: perspective and a lot of people I speak to, it 339 00:17:25,920 --> 00:17:28,280 Speaker 1: reminds you how fun it is to learn about something 340 00:17:28,320 --> 00:17:31,440 Speaker 1: that's both interesting and meaningful. Right, It's not just an 341 00:17:31,480 --> 00:17:36,280 Speaker 1: intellectual you know, uh exercise, it's actually relevant learning. And 342 00:17:36,320 --> 00:17:40,320 Speaker 1: that's a that's a blessing. Yeah, yeah, that's that's a 343 00:17:40,320 --> 00:17:42,760 Speaker 1: great point that you just brought up. And I think, um, 344 00:17:42,800 --> 00:17:45,520 Speaker 1: you know, if you look at like an art, so 345 00:17:45,640 --> 00:17:48,720 Speaker 1: martial arts or painting or any type of art, it's 346 00:17:48,720 --> 00:17:51,480 Speaker 1: really like it's a lifelong journey. Right, you don't ever 347 00:17:51,560 --> 00:17:55,199 Speaker 1: achieve that the pinnacle of that. And if anybody's done 348 00:17:55,240 --> 00:17:58,000 Speaker 1: a sport or a martial art or even just working 349 00:17:58,000 --> 00:18:00,840 Speaker 1: out or whatever, like you love up those gains like 350 00:18:00,840 --> 00:18:02,679 Speaker 1: oh I learned this new move, I can't wait to 351 00:18:02,680 --> 00:18:05,800 Speaker 1: try it again, And and there's fulfillment in like getting 352 00:18:05,840 --> 00:18:08,240 Speaker 1: better at that craft. And I think education could be 353 00:18:08,280 --> 00:18:10,960 Speaker 1: the same way. Like, um, you take that red pill 354 00:18:11,359 --> 00:18:13,240 Speaker 1: and all of a sudden you have this new world 355 00:18:13,320 --> 00:18:17,080 Speaker 1: and now there's this curiosity and each time you learn something, 356 00:18:17,200 --> 00:18:19,520 Speaker 1: you realize how much more there is to learned. And 357 00:18:19,560 --> 00:18:22,120 Speaker 1: so maybe it's kind of like that flywheel. I like that. Um, 358 00:18:22,160 --> 00:18:25,040 Speaker 1: now you said something earlier that you said, uh, you know, 359 00:18:25,080 --> 00:18:27,840 Speaker 1: you don't know how there's the world of illusion. Um, 360 00:18:27,960 --> 00:18:31,560 Speaker 1: you don't know how much was well intended versus evil. 361 00:18:32,560 --> 00:18:35,120 Speaker 1: I'm curious, you know, it seems like it seems like 362 00:18:35,320 --> 00:18:38,359 Speaker 1: I would agree with that. We have generations now that 363 00:18:38,440 --> 00:18:41,720 Speaker 1: have been taught wrong information and so I guess they're 364 00:18:41,760 --> 00:18:44,399 Speaker 1: just naive or they're ignorant or whatever. However, if we 365 00:18:44,520 --> 00:18:46,679 Speaker 1: go back, we could almost see that there was like 366 00:18:46,760 --> 00:18:52,000 Speaker 1: a uh, intentional takeover of the education system to change it. 367 00:18:52,400 --> 00:18:55,320 Speaker 1: So maybe it was like intended, uh you know, fifty 368 00:18:55,359 --> 00:18:57,600 Speaker 1: years ago, sixty years ago, and now today it's just 369 00:18:58,320 --> 00:19:02,920 Speaker 1: what people thinking they're doing well intentions. Yeah, I mean 370 00:19:03,160 --> 00:19:08,800 Speaker 1: I think there's almost always agendas, right, But I think 371 00:19:09,000 --> 00:19:13,400 Speaker 1: very very few people consider themselves to be evil, right, 372 00:19:13,440 --> 00:19:16,760 Speaker 1: I guess. And it's a it's a matter of where 373 00:19:16,800 --> 00:19:19,399 Speaker 1: you stand. It's a matter of perspective. Right, one person 374 00:19:19,480 --> 00:19:22,720 Speaker 1: executing on their agenda and their incentives might be construed 375 00:19:22,880 --> 00:19:26,439 Speaker 1: as opposing the incentives and the agenda of another person, 376 00:19:26,480 --> 00:19:29,399 Speaker 1: and maybe they characterize that as evil. But is that 377 00:19:29,520 --> 00:19:33,159 Speaker 1: like outright evil, like a desire to do ill in 378 00:19:33,200 --> 00:19:36,760 Speaker 1: the world. Probably not, um, although you can make a 379 00:19:36,800 --> 00:19:38,879 Speaker 1: case that it's always subjective. But my point is just 380 00:19:38,920 --> 00:19:42,880 Speaker 1: that I think most people are playing to their incentives 381 00:19:43,080 --> 00:19:45,399 Speaker 1: and doing what they think is best for themselves, and 382 00:19:45,480 --> 00:19:48,600 Speaker 1: maybe there is often not enough consideration for the greater 383 00:19:48,640 --> 00:19:51,480 Speaker 1: good or the people that those actions might impact. You know, 384 00:19:51,520 --> 00:19:54,800 Speaker 1: that's definitely the case, especially in the current regime money 385 00:19:54,800 --> 00:19:57,640 Speaker 1: regime that we exist in today. But um, the point 386 00:19:57,720 --> 00:20:00,320 Speaker 1: for me is it doesn't matter, like if you're a 387 00:20:00,400 --> 00:20:03,560 Speaker 1: type of conspiracy type, like I don't think you're ever 388 00:20:03,720 --> 00:20:06,640 Speaker 1: going to be able to discern the truth, right you 389 00:20:06,640 --> 00:20:09,640 Speaker 1: You might have clues of what's going on or whose agenda, 390 00:20:09,720 --> 00:20:12,640 Speaker 1: what agenda might be operating, but I just don't think 391 00:20:12,640 --> 00:20:15,640 Speaker 1: that stuff can never be discerned with any degree of certainty. 392 00:20:15,800 --> 00:20:18,200 Speaker 1: And I don't think it matters, right like I think 393 00:20:18,320 --> 00:20:21,960 Speaker 1: whether it's some grand conspiracy to enslave you, or whether 394 00:20:22,440 --> 00:20:25,720 Speaker 1: it's a an issue right at the basis of the 395 00:20:25,760 --> 00:20:28,480 Speaker 1: system that creates all these bad incentives that allows people 396 00:20:28,520 --> 00:20:30,679 Speaker 1: to take advantage of them everywhere, all the way up 397 00:20:30,720 --> 00:20:33,119 Speaker 1: the ladder, I don't think it matters in terms of 398 00:20:33,160 --> 00:20:36,440 Speaker 1: what solution is best. Right. So, as we were discussing before, 399 00:20:36,440 --> 00:20:40,280 Speaker 1: we came on to me, Bitcoin is the greatest force 400 00:20:40,359 --> 00:20:43,119 Speaker 1: for positive change to the world has ever seen. And 401 00:20:43,160 --> 00:20:46,320 Speaker 1: so I'm just gonna lean into that as hard as 402 00:20:46,359 --> 00:20:50,000 Speaker 1: I can, rather than trying to specifically identify the source 403 00:20:50,040 --> 00:20:52,640 Speaker 1: of all the different problems. And I think it's good 404 00:20:52,680 --> 00:20:56,919 Speaker 1: to be educated about, uh, what's going wrong because that 405 00:20:56,960 --> 00:20:59,840 Speaker 1: can be a motivating force about how much you you know, 406 00:21:00,040 --> 00:21:02,240 Speaker 1: the energy you bring to finding a solution. So I 407 00:21:02,240 --> 00:21:05,840 Speaker 1: think there's a an element of identifying what's going wrong, 408 00:21:06,280 --> 00:21:10,200 Speaker 1: but maybe not all the way into knowing exactly why 409 00:21:10,280 --> 00:21:12,840 Speaker 1: that is because I think that the most important thing 410 00:21:12,960 --> 00:21:16,240 Speaker 1: is is a solution available, is a solution in front 411 00:21:16,280 --> 00:21:18,719 Speaker 1: of you? If the answer is yes, then learn as 412 00:21:18,800 --> 00:21:21,560 Speaker 1: much and engage as much as you can about and 413 00:21:21,680 --> 00:21:23,560 Speaker 1: into that. And I think that's the way the best 414 00:21:23,600 --> 00:21:26,520 Speaker 1: way to resolve things. Yeah, I actually really like that. 415 00:21:26,560 --> 00:21:28,879 Speaker 1: I agree with that. I think, um, it's important, it's 416 00:21:28,880 --> 00:21:31,679 Speaker 1: important to understand what the problem is because then we 417 00:21:31,720 --> 00:21:33,200 Speaker 1: need to make sure we have the right cure for that. 418 00:21:33,359 --> 00:21:34,959 Speaker 1: But we don't have to know, you know, we are 419 00:21:35,000 --> 00:21:36,960 Speaker 1: where we are and we don't have to like, was 420 00:21:37,000 --> 00:21:39,320 Speaker 1: it intentional was a conspiration, doesn't really matter. We are 421 00:21:39,359 --> 00:21:41,760 Speaker 1: where we are and and the understand that situation and 422 00:21:41,960 --> 00:21:44,880 Speaker 1: to make a plan for that. Um. That's why I've 423 00:21:44,880 --> 00:21:47,400 Speaker 1: always really tried to focus my content on why why 424 00:21:47,600 --> 00:21:49,680 Speaker 1: is bitcoin even important? And you have to start to 425 00:21:49,720 --> 00:21:52,120 Speaker 1: understand what those problems are in order to understand how 426 00:21:52,119 --> 00:21:56,240 Speaker 1: bitcoin can start to solve that. Um. So let's let's 427 00:21:56,240 --> 00:21:58,879 Speaker 1: transition into that a little bit. So, UM, you know, 428 00:21:58,920 --> 00:22:01,560 Speaker 1: we are where we are, as we just said, uh, 429 00:22:01,600 --> 00:22:05,000 Speaker 1: we're in We're in this world that has gone increasingly 430 00:22:05,119 --> 00:22:10,040 Speaker 1: towards centralization and globalization and all those types of things. Um, 431 00:22:10,119 --> 00:22:12,719 Speaker 1: we've also seen I think the Internet allowed, you know, 432 00:22:12,840 --> 00:22:16,520 Speaker 1: the rise of centralization. So Google took over, right, Kids 433 00:22:16,520 --> 00:22:18,600 Speaker 1: in first grade are starting with Google grown books like 434 00:22:18,640 --> 00:22:20,800 Speaker 1: that's all they know, right, and so, uh, you know, 435 00:22:21,000 --> 00:22:24,080 Speaker 1: the Internet has allowed that rise of centralization. But what 436 00:22:24,119 --> 00:22:26,480 Speaker 1: we've also seen is that this manipulation, I like to 437 00:22:26,480 --> 00:22:29,880 Speaker 1: say manipulation always leads to I'm sorry, centralization always leads 438 00:22:29,880 --> 00:22:32,679 Speaker 1: to manipulation. And so Facebook still in the data and 439 00:22:32,720 --> 00:22:34,760 Speaker 1: well as Fargo is putting fake bank accounts on and 440 00:22:34,800 --> 00:22:37,040 Speaker 1: the government's doing whatever, right, and so we've kind of 441 00:22:37,040 --> 00:22:44,000 Speaker 1: got to this point where like all these institutions maybe education, healthcare, finance, 442 00:22:44,160 --> 00:22:48,320 Speaker 1: and media, I mean they're corrupted. And that's uh, there's 443 00:22:48,560 --> 00:22:50,320 Speaker 1: in my opinion, I don't think there's any going and 444 00:22:50,480 --> 00:22:53,119 Speaker 1: saving that system. But as you're saying, we have a 445 00:22:53,160 --> 00:22:55,639 Speaker 1: tool now, UM to actually just allow us to go 446 00:22:55,720 --> 00:22:59,680 Speaker 1: build this alternative system. Hey, sorry to interrupt this video 447 00:22:59,760 --> 00:23:02,240 Speaker 1: just one more time. I'm not running Google ads. So 448 00:23:02,240 --> 00:23:04,679 Speaker 1: it's actually way less interruption than I normally would have 449 00:23:04,680 --> 00:23:06,959 Speaker 1: on a video. UM. And that's because it's sponsored by 450 00:23:07,040 --> 00:23:10,320 Speaker 1: block five. UM. They are opening up the world of 451 00:23:10,359 --> 00:23:13,720 Speaker 1: bitcoin and financial products, offering to pay you interest on 452 00:23:13,880 --> 00:23:16,679 Speaker 1: your bitcoin UM. Better than own in a rental property 453 00:23:16,680 --> 00:23:18,639 Speaker 1: that you have to manage and control and have the risks. 454 00:23:18,680 --> 00:23:20,760 Speaker 1: You can just earn interest on it or you can 455 00:23:20,840 --> 00:23:23,639 Speaker 1: leverage against it. Now, I plan to hold my bitcoin 456 00:23:23,720 --> 00:23:26,879 Speaker 1: forever and literally never sell my bitcoin. So how do 457 00:23:26,920 --> 00:23:29,080 Speaker 1: you do that? Well, if I need money, I don't 458 00:23:29,119 --> 00:23:31,080 Speaker 1: want to sell that bitcoin. I'm gonna pay tax on 459 00:23:31,119 --> 00:23:33,119 Speaker 1: it all right, I'm gonna end up with less and 460 00:23:33,160 --> 00:23:35,520 Speaker 1: I don't have the bitcoin anymore. So a better way 461 00:23:35,560 --> 00:23:38,119 Speaker 1: to do it is to borrow against the bitcoin. So 462 00:23:38,160 --> 00:23:40,360 Speaker 1: I've put all my money into bitcoin. If I want 463 00:23:40,400 --> 00:23:42,240 Speaker 1: to buy a car, or I want to buy a house, 464 00:23:42,400 --> 00:23:45,960 Speaker 1: I can borrow against it at very very low competitive rates. 465 00:23:46,119 --> 00:23:48,120 Speaker 1: Get my house, get my car, whatever that may be, 466 00:23:48,320 --> 00:23:50,760 Speaker 1: and get to keep the bitcoin. I've done a whole 467 00:23:50,840 --> 00:23:53,119 Speaker 1: video on this. You can find it. I'll link it 468 00:23:53,160 --> 00:23:55,320 Speaker 1: down to the description below, how to retire off a 469 00:23:55,359 --> 00:23:57,760 Speaker 1: bitcoin without paying taxes, and you can do that with 470 00:23:57,920 --> 00:24:00,520 Speaker 1: Block five Services' link to the video down below. I'm 471 00:24:00,520 --> 00:24:02,119 Speaker 1: also going to put a link to block Fight. If 472 00:24:02,160 --> 00:24:04,000 Speaker 1: you choose to click on that link to check them out, 473 00:24:04,119 --> 00:24:06,400 Speaker 1: you can earn up to two fifty dollars in free 474 00:24:06,440 --> 00:24:08,640 Speaker 1: bitcoin just for using that link. And that's it. Let's 475 00:24:08,640 --> 00:24:11,040 Speaker 1: go ahead and get back to the interview. And it's 476 00:24:11,119 --> 00:24:13,960 Speaker 1: kind of like, uh, like the book Atlas Shrugged, or 477 00:24:14,000 --> 00:24:15,600 Speaker 1: if you if you watch the movie Outlas Shrug, but 478 00:24:15,840 --> 00:24:17,919 Speaker 1: all the people, all the productive people in society just 479 00:24:17,960 --> 00:24:21,879 Speaker 1: for leaving to go create this new society. And uh, 480 00:24:21,920 --> 00:24:26,480 Speaker 1: I think there's some parallels to that we're seeing today. Yeah. Absolutely, 481 00:24:26,880 --> 00:24:28,720 Speaker 1: And you know one of the points a couple of 482 00:24:28,720 --> 00:24:31,280 Speaker 1: minutes ago we were talking about this kind of reinvigorating 483 00:24:31,320 --> 00:24:34,840 Speaker 1: effect that bitcoin is having. I think a huge part 484 00:24:34,880 --> 00:24:37,399 Speaker 1: of that is also the hope element, you know, Like 485 00:24:37,440 --> 00:24:39,359 Speaker 1: I was saying, I when I was younger, in my 486 00:24:39,400 --> 00:24:42,560 Speaker 1: early twenties, Um, you know, I looked out at the world, 487 00:24:42,600 --> 00:24:44,639 Speaker 1: I did my best to understand how it all worked, 488 00:24:44,640 --> 00:24:47,760 Speaker 1: and I came away with a fairly despondent attitude because 489 00:24:47,800 --> 00:24:49,719 Speaker 1: I was like, you know, there's, of course, there's beauty 490 00:24:50,200 --> 00:24:52,680 Speaker 1: in the world, and you can have a good time 491 00:24:52,680 --> 00:24:54,800 Speaker 1: and all that kind of stuff, but large scale things 492 00:24:54,840 --> 00:24:56,879 Speaker 1: seem to be going, you know, very much in the 493 00:24:56,920 --> 00:24:59,080 Speaker 1: wrong direction. I didn't see how that could be turned around. 494 00:24:59,440 --> 00:25:01,120 Speaker 1: And so that's all the more reason why you put 495 00:25:01,160 --> 00:25:03,399 Speaker 1: those blinders on. You just try to create, you know, 496 00:25:03,440 --> 00:25:05,520 Speaker 1: the best life you can for yourself and kind of 497 00:25:05,600 --> 00:25:09,440 Speaker 1: ignore everything else. Um Whereas bitcoin, I think that one 498 00:25:09,440 --> 00:25:12,199 Speaker 1: of the reasons why it's invigorated people is because it 499 00:25:12,720 --> 00:25:15,399 Speaker 1: now has changed that perception of the future from not 500 00:25:15,600 --> 00:25:19,399 Speaker 1: such a rosy picture to the rosiest that you know, 501 00:25:19,480 --> 00:25:22,359 Speaker 1: you could ever imagine, you know, the Renaissance times a 502 00:25:22,440 --> 00:25:26,240 Speaker 1: hundred or times a thousand, and so this just awakened 503 00:25:26,320 --> 00:25:29,480 Speaker 1: so many things in us too that maybe we're latent, 504 00:25:29,520 --> 00:25:31,920 Speaker 1: so that we didn't even know existed. To learn and 505 00:25:31,960 --> 00:25:34,920 Speaker 1: to engage and grow and uh, as you say, I 506 00:25:35,000 --> 00:25:37,239 Speaker 1: think a parallel system is emerging, and I think we're 507 00:25:37,240 --> 00:25:39,800 Speaker 1: seeing the initial stages of that. And and there's a 508 00:25:39,840 --> 00:25:43,359 Speaker 1: couple of elements of that. One is people are going 509 00:25:43,600 --> 00:25:46,159 Speaker 1: where you know, there's a there seems to be a 510 00:25:46,160 --> 00:25:49,840 Speaker 1: greater respect for individual freedoms, right, because this is, after all, 511 00:25:49,960 --> 00:25:53,679 Speaker 1: I think, a revolution in individual sovereignty. Bitcoin allows you 512 00:25:53,720 --> 00:25:56,560 Speaker 1: to be self sovereign over your money. And once you 513 00:25:56,640 --> 00:26:00,000 Speaker 1: have that experience of self sovereignty over perhaps the most 514 00:26:00,000 --> 00:26:02,480 Speaker 1: most important thing over which you can can have that, 515 00:26:03,040 --> 00:26:06,239 Speaker 1: I think you that gets juxtaposed to other areas of 516 00:26:06,240 --> 00:26:08,520 Speaker 1: your life, and you say, well, this is such a 517 00:26:08,640 --> 00:26:12,240 Speaker 1: great empowering feeling of being sovereign over my money. What 518 00:26:12,320 --> 00:26:14,640 Speaker 1: would it feel like to be sovereign over my education? 519 00:26:14,720 --> 00:26:18,359 Speaker 1: What would it feel sovereignty over my my living circumstances 520 00:26:18,400 --> 00:26:20,240 Speaker 1: and my food supply and that kind of stuff. And 521 00:26:20,240 --> 00:26:22,800 Speaker 1: I think people are going out and trying to develop 522 00:26:22,800 --> 00:26:26,040 Speaker 1: those solutions. And I also think, what's interesting, and I agree, 523 00:26:26,160 --> 00:26:29,719 Speaker 1: I don't think there's going to be much changing the 524 00:26:29,760 --> 00:26:33,399 Speaker 1: incumbent system. I think we're going to have to build 525 00:26:33,600 --> 00:26:37,399 Speaker 1: something better. And what's what I'm finding really interesting is 526 00:26:37,440 --> 00:26:40,639 Speaker 1: that people with the orange colored glasses on, right, big 527 00:26:40,720 --> 00:26:43,080 Speaker 1: people that kind of took the orange pill, and they're 528 00:26:43,080 --> 00:26:46,840 Speaker 1: seeing the world through a very, in some cases dramatically 529 00:26:46,840 --> 00:26:51,600 Speaker 1: different lens of sound money, of self sovereignty. They're looking 530 00:26:51,640 --> 00:26:55,399 Speaker 1: at these things like education, like the food supply, you know, 531 00:26:55,840 --> 00:27:01,040 Speaker 1: like whatever, whatever, and they're actually reimagining it through that lens. 532 00:27:01,240 --> 00:27:03,640 Speaker 1: And it's really fascinating to see some of the solutions 533 00:27:03,680 --> 00:27:06,200 Speaker 1: that are beginning to emerge as a result of that. 534 00:27:06,320 --> 00:27:08,479 Speaker 1: And I don't think it's a shock. I don't think 535 00:27:08,520 --> 00:27:10,800 Speaker 1: it's a surprise to many people. Because if we're being 536 00:27:10,880 --> 00:27:14,320 Speaker 1: so critical of what's emerged as a result of using 537 00:27:14,760 --> 00:27:17,320 Speaker 1: you know, fiat money, let's say that the mindset that 538 00:27:17,400 --> 00:27:20,439 Speaker 1: emerged from a society using that, then we should expect 539 00:27:20,440 --> 00:27:23,399 Speaker 1: a fairly dramatic perception of mindset to emerge from a 540 00:27:23,400 --> 00:27:27,919 Speaker 1: society that is predicated on a incorruptible sound money. Um. 541 00:27:28,000 --> 00:27:30,760 Speaker 1: And you know, one that that I spoke to some 542 00:27:30,800 --> 00:27:34,560 Speaker 1: people on the podcast recently was this you know, decentralized 543 00:27:34,560 --> 00:27:39,159 Speaker 1: cattle coop, where, uh, these guys are reimagining how to 544 00:27:39,240 --> 00:27:41,520 Speaker 1: raise cattle and they're bringing together people who want to 545 00:27:41,640 --> 00:27:46,879 Speaker 1: ranch investors and landowners and uh, you know, getting ancient 546 00:27:47,000 --> 00:27:50,119 Speaker 1: DNA very resilient cattle to both regenerate kind of a 547 00:27:50,359 --> 00:27:53,680 Speaker 1: permaculture sort of idea where they're regenerating the land, they're 548 00:27:53,720 --> 00:27:57,000 Speaker 1: giving people the opportunity to be self sufficient. UM. And 549 00:27:57,040 --> 00:28:00,159 Speaker 1: it's you know, I won't explain it very well. UM, 550 00:28:00,200 --> 00:28:03,280 Speaker 1: So I refer people to to that podcast with um 551 00:28:03,320 --> 00:28:05,800 Speaker 1: that I had recently. But the point is that people 552 00:28:05,800 --> 00:28:08,320 Speaker 1: are seeing the world differently and they're developing different solutions, 553 00:28:08,320 --> 00:28:10,480 Speaker 1: and we're just at the very beginning of that. And 554 00:28:10,560 --> 00:28:13,199 Speaker 1: I'm super pumped to see because one of the things 555 00:28:13,280 --> 00:28:15,760 Speaker 1: people ask me a lot is, you know, I'm super 556 00:28:15,800 --> 00:28:19,520 Speaker 1: into bitcoin, but I'm an architect or I'm super into 557 00:28:19,520 --> 00:28:22,520 Speaker 1: bitcoin and I you know, make chairs or whatever, and 558 00:28:22,880 --> 00:28:25,920 Speaker 1: I want to be more involved in bitcoin. And so, 559 00:28:26,080 --> 00:28:27,840 Speaker 1: you know, up to this point, it's been like, well, 560 00:28:27,880 --> 00:28:29,639 Speaker 1: you can start a bitcoin company, or you can be 561 00:28:29,680 --> 00:28:32,000 Speaker 1: a podcaster, or you can do it not very many 562 00:28:32,000 --> 00:28:34,479 Speaker 1: different things. And what I think is interesting that we're 563 00:28:34,520 --> 00:28:37,719 Speaker 1: starting to see now is people are realizing that bitcoin 564 00:28:37,840 --> 00:28:41,520 Speaker 1: is money, and money is relative. You know, money touches everything, 565 00:28:41,960 --> 00:28:45,360 Speaker 1: and so whatever it is you do, I suspect that 566 00:28:45,440 --> 00:28:48,120 Speaker 1: when you put on the bitcoin lens, you'll see what 567 00:28:48,200 --> 00:28:50,959 Speaker 1: you do differently, and you'll see an opportunity to do 568 00:28:51,040 --> 00:28:54,000 Speaker 1: what you do but with a bitcoin twist. And I 569 00:28:54,000 --> 00:28:55,760 Speaker 1: think that's what we're starting to see, and that's what's 570 00:28:55,760 --> 00:28:58,280 Speaker 1: going to be the impetus for creating this parallel economy 571 00:28:58,280 --> 00:29:01,280 Speaker 1: that we've been referring to. Yeah, yeah, that's that's a 572 00:29:01,440 --> 00:29:03,280 Speaker 1: that's a great way to put it. I kind of 573 00:29:03,320 --> 00:29:05,800 Speaker 1: look at it like imagine like a giant tree, like 574 00:29:05,840 --> 00:29:07,800 Speaker 1: a giant oak tree, and it's got, you know, I 575 00:29:07,800 --> 00:29:09,920 Speaker 1: don't know, thousands or tens of thousands of leaves on it, 576 00:29:09,960 --> 00:29:12,080 Speaker 1: and like each leave is like representative to like a 577 00:29:12,120 --> 00:29:15,320 Speaker 1: problem in society, right, Uh, the incarceration rate, of the 578 00:29:15,360 --> 00:29:17,880 Speaker 1: divorce rate, or the homelessness rate, or whatever it may be. 579 00:29:18,080 --> 00:29:19,400 Speaker 1: And we can sit there and we can pluck each 580 00:29:19,480 --> 00:29:21,200 Speaker 1: leave and we can discuss it. But at the at 581 00:29:21,200 --> 00:29:24,440 Speaker 1: the base, at the root, that's the money. Right. So 582 00:29:24,480 --> 00:29:27,120 Speaker 1: it's like that's the root of of all those problems 583 00:29:27,120 --> 00:29:28,680 Speaker 1: that we have. And if we you know, we if 584 00:29:28,680 --> 00:29:30,479 Speaker 1: we can fix the money, we can fix the world. 585 00:29:30,920 --> 00:29:33,800 Speaker 1: Um and so um. As you said, I think it 586 00:29:33,920 --> 00:29:35,880 Speaker 1: was a perfect right. You have that orange colored lens 587 00:29:35,880 --> 00:29:39,520 Speaker 1: and so you first take control of that money and 588 00:29:39,560 --> 00:29:41,840 Speaker 1: it just changes the way that you look at the world. 589 00:29:41,840 --> 00:29:43,880 Speaker 1: So it gives you a different time preference all of 590 00:29:43,920 --> 00:29:45,840 Speaker 1: a sudden, Right now you can focus on the future 591 00:29:45,880 --> 00:29:47,920 Speaker 1: instead of you know, taking away some of the uncertainty 592 00:29:47,960 --> 00:29:50,600 Speaker 1: of the of the near term. And what it's doing 593 00:29:50,680 --> 00:29:52,200 Speaker 1: kind of like back to the Atlas shrug, right, it's 594 00:29:52,240 --> 00:29:57,200 Speaker 1: attracting this mind share of of people that are pulled 595 00:29:57,240 --> 00:29:59,920 Speaker 1: together on value. So like society today is trying to 596 00:30:00,000 --> 00:30:04,720 Speaker 1: break people into identities, but like people don't. People don't 597 00:30:04,840 --> 00:30:07,680 Speaker 1: usually group on identities, right, they group on values. And 598 00:30:07,720 --> 00:30:09,680 Speaker 1: so it's pulling this whole group of people that have 599 00:30:09,840 --> 00:30:14,840 Speaker 1: this freedom loving, self sustaining, um, self reliant culture and 600 00:30:14,880 --> 00:30:19,600 Speaker 1: now they're reimagining that world like that that like that 601 00:30:19,680 --> 00:30:23,000 Speaker 1: like that cattle company, which is great. Even even like education, 602 00:30:23,040 --> 00:30:25,560 Speaker 1: I know, I mean you do. You're doing like book clubs, right, 603 00:30:25,600 --> 00:30:28,240 Speaker 1: so you're like pulling people together and like let's look 604 00:30:28,240 --> 00:30:30,280 Speaker 1: at this book and let's study it, let's discuss it. 605 00:30:30,320 --> 00:30:32,960 Speaker 1: And even that is is a different way of doing things. 606 00:30:33,000 --> 00:30:36,360 Speaker 1: And now you're kind of taking on education. Yeah, I mean, 607 00:30:37,040 --> 00:30:38,880 Speaker 1: this is what I love so much about this This 608 00:30:38,960 --> 00:30:43,280 Speaker 1: whole phenomenon. It's like it is about each and every 609 00:30:43,320 --> 00:30:47,040 Speaker 1: one of us changing and developing. Like we kind of 610 00:30:47,400 --> 00:30:49,800 Speaker 1: end up having this idea, at least some of us 611 00:30:49,840 --> 00:30:51,600 Speaker 1: as we grow up, Like we kind of have a 612 00:30:51,680 --> 00:30:54,520 Speaker 1: set image of ourselves, you know, how we fit into 613 00:30:54,560 --> 00:30:56,680 Speaker 1: the world, who we are, that kind of thing. And 614 00:30:56,720 --> 00:30:58,360 Speaker 1: what I love about this is this is I think 615 00:30:58,400 --> 00:31:02,880 Speaker 1: inspiring people to uh reopen that that door, right, and 616 00:31:02,920 --> 00:31:06,400 Speaker 1: the kind of explore who they might be and what 617 00:31:06,440 --> 00:31:08,520 Speaker 1: they might be able to understand and the perspectives they 618 00:31:08,600 --> 00:31:10,959 Speaker 1: might be able to inhabit, and then to feed into 619 00:31:11,040 --> 00:31:13,920 Speaker 1: a culture that values that. And that is all about 620 00:31:14,000 --> 00:31:18,200 Speaker 1: kind of enhancing that and a genuine excitement about what 621 00:31:18,240 --> 00:31:20,080 Speaker 1: it means that we we now have this thing that 622 00:31:20,080 --> 00:31:24,600 Speaker 1: we can coalesce around that is inspiring us to develop 623 00:31:24,680 --> 00:31:27,600 Speaker 1: and grow and allowing us the opportunity to feed into it, 624 00:31:27,640 --> 00:31:30,000 Speaker 1: to to kind of grow the whole. So I think 625 00:31:30,040 --> 00:31:32,800 Speaker 1: it's awesome, and I think your point about how it's 626 00:31:33,240 --> 00:31:37,960 Speaker 1: kind of a magnet bringing people in is is amazing. 627 00:31:38,000 --> 00:31:41,840 Speaker 1: And I think it's so great to see that something 628 00:31:41,880 --> 00:31:44,680 Speaker 1: with the principles that you articulated, you know, something that 629 00:31:44,840 --> 00:31:48,640 Speaker 1: is about freedom, something that is about fairness, something that 630 00:31:48,760 --> 00:31:52,760 Speaker 1: is about personal responsibility, something that is about independence, Like 631 00:31:53,000 --> 00:31:56,960 Speaker 1: these are really good values and principles, right, and to 632 00:31:57,160 --> 00:32:01,600 Speaker 1: see this thing, you know, self selecting, to pluck out 633 00:32:01,640 --> 00:32:04,240 Speaker 1: all those people around the world who are kind of 634 00:32:04,320 --> 00:32:08,280 Speaker 1: on the front the initial stages of embodying or feeling 635 00:32:08,520 --> 00:32:12,720 Speaker 1: or or valuing those things all being pulled into bitcoin 636 00:32:13,400 --> 00:32:16,600 Speaker 1: to make this thing stronger, make this thing more robust, 637 00:32:16,720 --> 00:32:19,600 Speaker 1: make this thing more dynamic, and as a result of 638 00:32:19,680 --> 00:32:21,880 Speaker 1: doing that, they expand the surface area of what this 639 00:32:22,000 --> 00:32:24,760 Speaker 1: thing is. So then the next cohort of people will 640 00:32:24,800 --> 00:32:27,680 Speaker 1: be pulled in as well, you know. So it's it's 641 00:32:27,720 --> 00:32:31,640 Speaker 1: a a brand new culture emerging around I think, far 642 00:32:31,720 --> 00:32:35,040 Speaker 1: better principles than the one we currently have. And it 643 00:32:35,080 --> 00:32:38,720 Speaker 1: has this magnet like effect on picking out the people 644 00:32:38,800 --> 00:32:42,360 Speaker 1: that are closest to those principles already, and then further away, 645 00:32:42,400 --> 00:32:44,160 Speaker 1: and then further away in the further way as it 646 00:32:44,200 --> 00:32:47,680 Speaker 1: expands and it gets bigger, and you know, it's it's 647 00:32:47,240 --> 00:32:52,320 Speaker 1: a genuine paradigm shift and a genuine cultural phenomenon that's underway. 648 00:32:52,480 --> 00:32:55,640 Speaker 1: Something else that's interesting I think is um I think 649 00:32:55,680 --> 00:32:57,640 Speaker 1: if you look at the United States, the founding of 650 00:32:57,640 --> 00:32:59,600 Speaker 1: the United States. And really, I think you know what's 651 00:32:59,640 --> 00:33:04,400 Speaker 1: made the United States great was was a belief in individualism. 652 00:33:04,440 --> 00:33:07,600 Speaker 1: And um, it's the individual that should have the liberty 653 00:33:07,600 --> 00:33:09,920 Speaker 1: and the freedom and and that then adds to the 654 00:33:09,960 --> 00:33:12,560 Speaker 1: collective good. And so what do I mean by that? Well, um, 655 00:33:12,600 --> 00:33:14,560 Speaker 1: you know, you and I were different people and we 656 00:33:14,600 --> 00:33:17,040 Speaker 1: look at the world differently. And that's a good thing 657 00:33:17,280 --> 00:33:20,160 Speaker 1: because I see different problems than you do. And so 658 00:33:20,200 --> 00:33:22,720 Speaker 1: now I can go out and solve those problems, um, 659 00:33:22,760 --> 00:33:24,920 Speaker 1: which you probably wouldn't have seen and you wouldn't have solved. 660 00:33:25,040 --> 00:33:27,239 Speaker 1: And so if we're all we're all the same, If 661 00:33:27,240 --> 00:33:30,040 Speaker 1: we're all you know in a collectivism, U, we're not 662 00:33:30,080 --> 00:33:32,560 Speaker 1: solving all those needs. And then so I think layering 663 00:33:32,560 --> 00:33:36,080 Speaker 1: onto what you've just said, Bitcoin is attracting people who 664 00:33:36,120 --> 00:33:39,960 Speaker 1: are about self reliance, about self responsibility, that are into 665 00:33:40,040 --> 00:33:42,600 Speaker 1: individualism and so they've come together on a shared a 666 00:33:42,600 --> 00:33:45,240 Speaker 1: group of values. But because they're all individuals, Um, it's 667 00:33:45,280 --> 00:33:49,120 Speaker 1: this decentralized method of going out and seeing these problems, 668 00:33:49,320 --> 00:33:52,840 Speaker 1: whether that be getting good meat on a sustainably raised 669 00:33:53,040 --> 00:33:56,000 Speaker 1: land to people, um, of of seeing people that are 670 00:33:56,000 --> 00:33:59,120 Speaker 1: starting like little pods for schools. Right, everyone's being homeschool 671 00:33:59,200 --> 00:34:01,880 Speaker 1: today or a lot of people are, A lot of 672 00:34:01,960 --> 00:34:04,480 Speaker 1: kids are, and so you know, maybe a decentralized way 673 00:34:04,480 --> 00:34:09,680 Speaker 1: to attack um. Education. Obviously finances already being disrupted. Um, 674 00:34:09,719 --> 00:34:12,680 Speaker 1: so we're seeing that and so really all these institutions 675 00:34:12,719 --> 00:34:18,000 Speaker 1: are are being broken down. Um what about government or 676 00:34:18,040 --> 00:34:22,120 Speaker 1: maybe governance? What are you what are your thoughts on that? Yeah, 677 00:34:22,120 --> 00:34:25,920 Speaker 1: well you touch upon something that I think is one 678 00:34:25,960 --> 00:34:28,400 Speaker 1: of the conceits of both our times and times in 679 00:34:28,400 --> 00:34:32,160 Speaker 1: the past when things have gone astray. And because people 680 00:34:32,239 --> 00:34:34,880 Speaker 1: might hear the word individualism and they might disagree, but 681 00:34:34,920 --> 00:34:39,759 Speaker 1: the fact is that there is nothing but individuals acting. Right. 682 00:34:39,800 --> 00:34:43,120 Speaker 1: To assume that there's collective action is a fallacy. It's 683 00:34:43,200 --> 00:34:47,120 Speaker 1: a delusion. It's a bunch of individuals. They may be 684 00:34:47,160 --> 00:34:51,440 Speaker 1: acting together, but it's still individuals acting. And I I 685 00:34:51,480 --> 00:34:55,920 Speaker 1: think that's in our current times, people for ideological reasons 686 00:34:56,000 --> 00:34:59,400 Speaker 1: or otherwise assume that that's not the case. They assume 687 00:34:59,440 --> 00:35:03,040 Speaker 1: that there's like some sort of group uh identity or 688 00:35:03,080 --> 00:35:06,800 Speaker 1: action rather than individuals and as you say, like individuals 689 00:35:06,840 --> 00:35:10,960 Speaker 1: acting and taking responsibility for their actions and then engaging 690 00:35:11,040 --> 00:35:14,400 Speaker 1: with other individuals to achieve whatever ends they may have 691 00:35:14,480 --> 00:35:18,040 Speaker 1: a mind that's the point, and that's the strength of 692 00:35:18,120 --> 00:35:21,920 Speaker 1: individuals interacting on a voluntary basis in a free market. 693 00:35:22,280 --> 00:35:25,440 Speaker 1: That's how you get the best outcomes. But to misconstrue 694 00:35:25,480 --> 00:35:28,000 Speaker 1: that relationship and assume that there are certain groups that 695 00:35:28,040 --> 00:35:31,040 Speaker 1: are kind of destined for ideological reasons to act in 696 00:35:31,040 --> 00:35:36,000 Speaker 1: a certain way, and that those ideologies should or could 697 00:35:36,000 --> 00:35:38,560 Speaker 1: be imposed on others to get them to conform to 698 00:35:38,600 --> 00:35:42,120 Speaker 1: act in a similar way. That is what ultimately leads 699 00:35:42,160 --> 00:35:46,080 Speaker 1: into tyrannical relationships, right of imposing what you think is 700 00:35:46,160 --> 00:35:48,840 Speaker 1: best on somebody else. And that's the that's the problem. 701 00:35:48,880 --> 00:35:52,319 Speaker 1: And I agree that you know, the founding of the 702 00:35:52,400 --> 00:35:56,480 Speaker 1: US and the founding documents of the US were phenomenal ideas, 703 00:35:56,760 --> 00:36:00,359 Speaker 1: and you know, all things considered, they've held up fairly well. 704 00:36:01,120 --> 00:36:04,120 Speaker 1: But you know the problem is is that we've never 705 00:36:04,200 --> 00:36:08,000 Speaker 1: had something that can keep those ideas and the people 706 00:36:08,040 --> 00:36:10,600 Speaker 1: that are meant to steward them in check. You know, 707 00:36:10,680 --> 00:36:15,400 Speaker 1: how how can we stave off the corruption of of 708 00:36:15,480 --> 00:36:17,879 Speaker 1: the individual And I think this is where we get 709 00:36:17,880 --> 00:36:23,000 Speaker 1: into kind of ah esoteric territory with bitcoin, because we 710 00:36:23,040 --> 00:36:25,880 Speaker 1: can make rules and we can all agree to abide 711 00:36:25,880 --> 00:36:28,520 Speaker 1: by them, But what do you do when people cheat? 712 00:36:28,680 --> 00:36:30,680 Speaker 1: And what do you do when people cheat at scale? 713 00:36:30,680 --> 00:36:33,080 Speaker 1: And what do you do when when powerful people cheat? 714 00:36:33,160 --> 00:36:36,239 Speaker 1: And you know, there there's answers to that, but there's 715 00:36:36,280 --> 00:36:38,319 Speaker 1: no great answers to that. And I think that is 716 00:36:38,360 --> 00:36:43,920 Speaker 1: why societies have kind of always degraded, or or at 717 00:36:43,960 --> 00:36:47,319 Speaker 1: least they've they've gone away from their founding principles because 718 00:36:47,400 --> 00:36:52,800 Speaker 1: humans are corruptible. And and if bitcoin, I mean the 719 00:36:52,880 --> 00:36:56,640 Speaker 1: the the proposition or the possibility here is that bitcoin 720 00:36:56,719 --> 00:37:00,160 Speaker 1: is somewhat of an incorruptible substance that will allow out 721 00:37:00,320 --> 00:37:04,479 Speaker 1: us to coordinate human interaction, not only in a better 722 00:37:04,520 --> 00:37:06,440 Speaker 1: way than we've ever done before, but in a way 723 00:37:06,480 --> 00:37:09,560 Speaker 1: that maybe cannot be corrupted. And I know that's a 724 00:37:09,560 --> 00:37:11,839 Speaker 1: big statement and time will tell if it's accurate or not, 725 00:37:12,200 --> 00:37:16,440 Speaker 1: but it's on the question of governance. UM, I think 726 00:37:17,920 --> 00:37:21,800 Speaker 1: most of the governance should be in the free market, 727 00:37:22,480 --> 00:37:26,440 Speaker 1: and the free the fundamental, the most important piece of 728 00:37:26,480 --> 00:37:28,840 Speaker 1: the free market is the rails on which it runs, 729 00:37:28,880 --> 00:37:31,359 Speaker 1: and that is the money. So if the money can 730 00:37:31,400 --> 00:37:34,840 Speaker 1: be incorruptible, and if it's fair and the rules are 731 00:37:34,880 --> 00:37:37,600 Speaker 1: the same for everybody, then I think you get a 732 00:37:37,719 --> 00:37:41,799 Speaker 1: market that is far, far less susceptible to corruption, and 733 00:37:41,840 --> 00:37:44,520 Speaker 1: as a result of that, the voluntary interactions of the 734 00:37:44,560 --> 00:37:50,040 Speaker 1: market participants will be will will be self governing. Let's 735 00:37:50,080 --> 00:37:54,319 Speaker 1: say that being said, will human beings still want to 736 00:37:54,560 --> 00:37:58,600 Speaker 1: come together? Um, for you know, collective action that can't 737 00:37:58,640 --> 00:38:02,760 Speaker 1: be facilitated by the market. Probably, But I'm not willing 738 00:38:02,840 --> 00:38:06,120 Speaker 1: to you know, I'm not able to identify right now 739 00:38:06,160 --> 00:38:08,640 Speaker 1: what that will look like when we have a global 740 00:38:08,680 --> 00:38:11,920 Speaker 1: free market, because in principle, I think that if you 741 00:38:12,120 --> 00:38:15,000 Speaker 1: if you want something, and if enough people want it, 742 00:38:15,440 --> 00:38:18,040 Speaker 1: then there's an opportunity there, and the market will provide 743 00:38:18,040 --> 00:38:21,160 Speaker 1: it an absent and ability to corrupt that relationship, you 744 00:38:21,160 --> 00:38:23,440 Speaker 1: should probably get it in the form that you're demanding it. 745 00:38:23,880 --> 00:38:28,640 Speaker 1: So I don't think government or governance will go away entirely, 746 00:38:28,680 --> 00:38:31,120 Speaker 1: but I think most of the governance will be a 747 00:38:31,200 --> 00:38:36,000 Speaker 1: natural manifestation of a market based on incorruptible money. Yeah, yeah, 748 00:38:36,000 --> 00:38:37,760 Speaker 1: that's I think that's a great point. And I think 749 00:38:37,840 --> 00:38:40,880 Speaker 1: you know what, typically what smart people would do is 750 00:38:40,920 --> 00:38:43,759 Speaker 1: they would look for areas that had success and try 751 00:38:43,800 --> 00:38:46,120 Speaker 1: to kind of reverse engineer that success leads clues. I 752 00:38:46,160 --> 00:38:49,160 Speaker 1: always say, so like, wow, this was very successful. What 753 00:38:49,200 --> 00:38:52,160 Speaker 1: were the ingredients that made that successful. So we can 754 00:38:52,200 --> 00:38:54,840 Speaker 1: see examples all over. I mean Hong Kong was a 755 00:38:54,880 --> 00:38:56,680 Speaker 1: good example of that. The United States was a great 756 00:38:56,719 --> 00:39:00,040 Speaker 1: example of that. And uh, the way what's interesting of 757 00:39:00,080 --> 00:39:02,200 Speaker 1: the United States was founded was it was founded on 758 00:39:02,239 --> 00:39:05,719 Speaker 1: a decentralized government. So they came from like this monarchy, 759 00:39:05,760 --> 00:39:08,719 Speaker 1: which is the ultimate centralized government, and they came and 760 00:39:08,760 --> 00:39:11,239 Speaker 1: they created a republic where all the states were to 761 00:39:11,280 --> 00:39:14,239 Speaker 1: be independent of each other. Um. In that type of 762 00:39:14,280 --> 00:39:16,399 Speaker 1: a role, the President of the United States is really 763 00:39:16,400 --> 00:39:19,120 Speaker 1: inconsequential and like the President of the United States, nobody 764 00:39:19,160 --> 00:39:21,160 Speaker 1: even really cares because they don't really have any power 765 00:39:21,200 --> 00:39:25,000 Speaker 1: other than some foreign affairs. UM. But that's trended to 766 00:39:25,040 --> 00:39:28,719 Speaker 1: become more and more centralized. And so looking at where success, right, 767 00:39:28,760 --> 00:39:31,880 Speaker 1: the United States had massive success um for hundreds of 768 00:39:31,960 --> 00:39:34,120 Speaker 1: years based off of that principle. Like I said, Hong Kong, 769 00:39:34,120 --> 00:39:36,560 Speaker 1: we could look at Germany, East and West. I mean 770 00:39:36,600 --> 00:39:41,440 Speaker 1: it's a perfect example. But um, I can see it's decentralized, 771 00:39:41,480 --> 00:39:44,560 Speaker 1: you know, decentralizing more in smaller pockets of government. And 772 00:39:44,560 --> 00:39:47,320 Speaker 1: I would say that, I mean, million people United States 773 00:39:47,360 --> 00:39:50,319 Speaker 1: is just way too many to be under one regime. Right, 774 00:39:50,360 --> 00:39:52,799 Speaker 1: because they don't know that. But back to the point 775 00:39:52,840 --> 00:39:55,040 Speaker 1: you were talking about and laying that found that foundation 776 00:39:55,040 --> 00:39:58,719 Speaker 1: with bitcoin. UM, I'm looking at it like UM, if 777 00:39:58,719 --> 00:40:00,960 Speaker 1: you if you, you know, cleans a lot of things. 778 00:40:01,040 --> 00:40:04,520 Speaker 1: And that's why it's so difficult to understand. UM. There's 779 00:40:04,560 --> 00:40:08,279 Speaker 1: been four technological revolutions in the last two and fifty years, 780 00:40:08,480 --> 00:40:11,720 Speaker 1: and and not new technologies, but revolutions where it literally 781 00:40:11,800 --> 00:40:17,440 Speaker 1: changed human life. Right. So, uh, we had the Industrial 782 00:40:17,440 --> 00:40:19,840 Speaker 1: Revolution bringing people out of farms into factories. That was 783 00:40:19,880 --> 00:40:23,840 Speaker 1: a massive change. We had steam, steam engines and and steal, 784 00:40:24,239 --> 00:40:26,600 Speaker 1: I mean steal that was massive, on and on and on. 785 00:40:26,920 --> 00:40:29,880 Speaker 1: We had automobiles like people had walked for all of 786 00:40:29,920 --> 00:40:32,759 Speaker 1: mankind and now they could ride um. And and if 787 00:40:32,800 --> 00:40:35,480 Speaker 1: you look at that, every fifty years basically is how 788 00:40:35,520 --> 00:40:38,160 Speaker 1: that breaks down. The last one one was the invention 789 00:40:38,160 --> 00:40:41,160 Speaker 1: of the microprocessor, which of course allows us to do 790 00:40:41,200 --> 00:40:44,360 Speaker 1: what we're doing right now. Fifty years from one is 791 00:40:44,440 --> 00:40:47,120 Speaker 1: right now today. And I think we're on another technological 792 00:40:47,160 --> 00:40:52,799 Speaker 1: revolution with this decentralized technology, obviously the bitcoin blockchain UM, 793 00:40:52,880 --> 00:40:57,560 Speaker 1: which will change the way society works forever UM, just 794 00:40:57,680 --> 00:41:00,800 Speaker 1: like the microprocessor did, just like the automobile did as well, 795 00:41:01,120 --> 00:41:03,759 Speaker 1: and so um A lot of times people try to say, oh, 796 00:41:03,800 --> 00:41:05,920 Speaker 1: it's kind of like digital cash. I get that, Sure, 797 00:41:06,080 --> 00:41:08,880 Speaker 1: it's like digital goal Okay, but to your you know, 798 00:41:08,920 --> 00:41:11,279 Speaker 1: the point we're both making, I guess is that, uh, 799 00:41:11,960 --> 00:41:15,040 Speaker 1: moving towards this decentralization and we can see that setting 800 00:41:15,120 --> 00:41:18,279 Speaker 1: up and so whether that's decentralized government or whatever. But yeah, 801 00:41:18,360 --> 00:41:21,719 Speaker 1: it's a it's a technological revolution. I think human humanity 802 00:41:22,120 --> 00:41:25,759 Speaker 1: is going to be forever changed off of that. I 803 00:41:25,760 --> 00:41:29,279 Speaker 1: couldn't agree more. And I think it's really difficult to 804 00:41:29,560 --> 00:41:33,760 Speaker 1: even you know, even get catch a glimpse of of 805 00:41:34,000 --> 00:41:36,399 Speaker 1: what that means and what the implications are. I mean, 806 00:41:36,400 --> 00:41:39,399 Speaker 1: we're we're kind of in the eye of the storm 807 00:41:39,440 --> 00:41:43,560 Speaker 1: of an exponential technology that's going to foster a complete 808 00:41:43,600 --> 00:41:47,120 Speaker 1: paradigm shift. So we have this like tingling in our spine, 809 00:41:47,239 --> 00:41:50,520 Speaker 1: like this is big, but it's so hard to see 810 00:41:50,560 --> 00:41:53,920 Speaker 1: beyond the event horizon that you're just left with, you know, 811 00:41:54,000 --> 00:41:57,120 Speaker 1: kind of contending with what it is now and those 812 00:41:57,200 --> 00:42:00,719 Speaker 1: kind of fleeting you know, images that emerge in your 813 00:42:00,719 --> 00:42:02,960 Speaker 1: mind about what it might be in the future, and 814 00:42:02,960 --> 00:42:05,280 Speaker 1: then you know, we don't want to be led astray 815 00:42:05,360 --> 00:42:09,880 Speaker 1: by our own ambitions or hopes or dreams. So we 816 00:42:09,880 --> 00:42:12,560 Speaker 1: we try to stay grounded into what is right now, 817 00:42:12,560 --> 00:42:14,640 Speaker 1: and we try to poke holes in this thing, and 818 00:42:14,680 --> 00:42:18,239 Speaker 1: we try to we you know, ground it in an 819 00:42:18,560 --> 00:42:22,400 Speaker 1: an objective understanding. But I think what we're dealing with 820 00:42:22,440 --> 00:42:25,080 Speaker 1: here is even stranger than we can suppose. And as 821 00:42:25,080 --> 00:42:27,360 Speaker 1: you say, you know, gold two point oh was a 822 00:42:27,440 --> 00:42:30,239 Speaker 1: nice narrative, you know, sounder money for the world is 823 00:42:30,280 --> 00:42:34,799 Speaker 1: a nice narrative all one per cent of of what's 824 00:42:34,840 --> 00:42:39,520 Speaker 1: actually happening. And I think it's a genuine transformation of people, 825 00:42:39,600 --> 00:42:42,000 Speaker 1: of human beings will be the result of this thing 826 00:42:42,040 --> 00:42:45,600 Speaker 1: being distributed and widely used over what period of time 827 00:42:45,719 --> 00:42:48,920 Speaker 1: I'm not sure. I think, you know, probably even after 828 00:42:48,960 --> 00:42:51,080 Speaker 1: the world is on a bitcoin standard. But I keep 829 00:42:51,120 --> 00:42:54,759 Speaker 1: coming back to what I'm seeing in the people that 830 00:42:55,239 --> 00:42:58,000 Speaker 1: understand are beginning to understand and are beginning to engage 831 00:42:58,000 --> 00:43:00,799 Speaker 1: and use bitcoin, you know, prime early from you know, 832 00:43:00,880 --> 00:43:03,399 Speaker 1: interactions and Twitter and on podcasts and stuff like that. 833 00:43:04,320 --> 00:43:06,960 Speaker 1: I think that gives us the clues to what kind 834 00:43:06,960 --> 00:43:09,040 Speaker 1: of a culture will emerge on top of this thing. 835 00:43:09,760 --> 00:43:14,040 Speaker 1: And I'm amazed at the kind of impact and the 836 00:43:14,120 --> 00:43:17,960 Speaker 1: speed at which that impact changes people, you know. So 837 00:43:18,040 --> 00:43:20,360 Speaker 1: I've I've spoken to people that have been in bitcoins 838 00:43:20,360 --> 00:43:23,200 Speaker 1: since two thousand eleven, and I've spoken to people that 839 00:43:23,280 --> 00:43:26,360 Speaker 1: got in in in mid and just to hear the 840 00:43:26,480 --> 00:43:31,440 Speaker 1: stories of how understanding and engaging this thing has changed 841 00:43:31,440 --> 00:43:35,719 Speaker 1: their perspective radically on so many different things, in a 842 00:43:35,760 --> 00:43:39,759 Speaker 1: manner that the universally deemed is beneficial. And uh, it's 843 00:43:39,800 --> 00:43:42,480 Speaker 1: it's one of the hallmarks is that it's super humbling. 844 00:43:43,080 --> 00:43:46,160 Speaker 1: You know, you're now kind of in the presence of 845 00:43:46,200 --> 00:43:49,799 Speaker 1: a change and a thing that's creating that change that 846 00:43:49,920 --> 00:43:53,040 Speaker 1: you cannot understand, but that you that you know is 847 00:43:53,080 --> 00:43:57,440 Speaker 1: incredibly meaningful and and is a tool to use for 848 00:43:57,480 --> 00:44:00,360 Speaker 1: the improvement of your life and the improvement of broader 849 00:44:00,400 --> 00:44:04,280 Speaker 1: structure of the society that you're in. And that's really humbling. 850 00:44:04,280 --> 00:44:07,120 Speaker 1: And I think that's why there's such a hunger for 851 00:44:07,200 --> 00:44:09,719 Speaker 1: trying to understand it, because you don't want to take 852 00:44:09,800 --> 00:44:13,120 Speaker 1: that arrogant or huboristic position. We're like, Okay, I get it, 853 00:44:13,120 --> 00:44:15,880 Speaker 1: it's goal two point oh, bounce out my portfolio, sharp 854 00:44:15,960 --> 00:44:19,719 Speaker 1: ratio or whatever. You you there's just this sense that 855 00:44:19,760 --> 00:44:23,360 Speaker 1: you're like, this is way bigger than I'm I'm capable 856 00:44:23,360 --> 00:44:25,840 Speaker 1: of comprehending right now. So I want to try to 857 00:44:25,920 --> 00:44:28,680 Speaker 1: push my understanding into as many different looks and crannies 858 00:44:28,680 --> 00:44:30,640 Speaker 1: of this thing as I can. And the only way 859 00:44:30,680 --> 00:44:33,240 Speaker 1: to do that is to talk to people, learn from people, 860 00:44:33,320 --> 00:44:37,440 Speaker 1: read the books, you know, quiet contemplation, whatever your process is, 861 00:44:37,600 --> 00:44:39,880 Speaker 1: to try to get a sense for how meaningful this 862 00:44:39,920 --> 00:44:43,440 Speaker 1: thing is. And and that's why we're so lucky to 863 00:44:43,480 --> 00:44:45,400 Speaker 1: have the great writers that we have in the space, 864 00:44:45,400 --> 00:44:47,520 Speaker 1: and the great speakers and all the great books on 865 00:44:47,640 --> 00:44:50,799 Speaker 1: articles and and stuff like that, because they help us 866 00:44:50,840 --> 00:44:54,000 Speaker 1: gain insight into what this thing actually is, because it's 867 00:44:54,000 --> 00:44:56,640 Speaker 1: still very much ill defined, i think, even in the 868 00:44:56,680 --> 00:45:03,160 Speaker 1: minds of the most convicted you know bulls out there. Yeah, yeah, 869 00:45:03,200 --> 00:45:05,839 Speaker 1: I agree, great point and you know, kind of wrap 870 00:45:05,880 --> 00:45:07,719 Speaker 1: it up. But I think that was that was kind 871 00:45:07,719 --> 00:45:09,400 Speaker 1: of a great point to kind of transition to just 872 00:45:09,920 --> 00:45:12,759 Speaker 1: um the hope. Right. So, we obviously started talking about 873 00:45:12,800 --> 00:45:15,040 Speaker 1: a lot of problems and the world's messed up, and 874 00:45:15,040 --> 00:45:17,279 Speaker 1: it's easy to be super scared and and on top 875 00:45:17,320 --> 00:45:18,840 Speaker 1: of that, not just the problems that we have, but 876 00:45:18,920 --> 00:45:21,760 Speaker 1: we have some leaders, you know, the World Economic Forum 877 00:45:21,760 --> 00:45:24,799 Speaker 1: telling us by you'll own nothing and you'll be happy. Right. 878 00:45:24,840 --> 00:45:27,799 Speaker 1: So there's definitely people that have that agenda for us, 879 00:45:27,840 --> 00:45:30,000 Speaker 1: and that's that's very scary and a lot of times, 880 00:45:31,080 --> 00:45:33,200 Speaker 1: you know, maybe people are like an Austris with their 881 00:45:33,200 --> 00:45:34,879 Speaker 1: head in the sand or whatever it may be. But 882 00:45:35,120 --> 00:45:37,600 Speaker 1: the reality is, and I like to just remind people 883 00:45:37,640 --> 00:45:40,640 Speaker 1: that if that's not the future you want, then that's 884 00:45:40,680 --> 00:45:42,759 Speaker 1: not the future you should have, and you should be 885 00:45:42,800 --> 00:45:45,560 Speaker 1: working towards bringing a different future the future you have. 886 00:45:46,040 --> 00:45:49,160 Speaker 1: And uh, now people have a tool, right, So it's 887 00:45:49,200 --> 00:45:51,600 Speaker 1: like it's easy to be frustrated when there's you don't 888 00:45:51,600 --> 00:45:54,000 Speaker 1: see an option. And I'm in America. I'm a set, 889 00:45:54,000 --> 00:45:56,319 Speaker 1: I'm a strong second moment supporter, and I have a 890 00:45:56,320 --> 00:45:58,560 Speaker 1: lot of guns, but I don't ever want to use those. 891 00:45:58,600 --> 00:46:00,480 Speaker 1: That's the last thing I ever want to do. But 892 00:46:00,520 --> 00:46:03,160 Speaker 1: now we actually have a real tool, and so I 893 00:46:03,160 --> 00:46:07,160 Speaker 1: think it's encouraging seeing people coming and and even just 894 00:46:07,320 --> 00:46:10,600 Speaker 1: encouraging knowing there's something actionable that people can do. Yeah, 895 00:46:10,640 --> 00:46:14,600 Speaker 1: I mean, I'm with everyone on the frustrations that the 896 00:46:14,640 --> 00:46:18,319 Speaker 1: current worlds circumstances uh caused me to feel, you know, 897 00:46:18,440 --> 00:46:21,240 Speaker 1: And I've got to remind myself on a daily basis 898 00:46:22,120 --> 00:46:24,840 Speaker 1: not to engage in the frustration, and not to engage 899 00:46:24,840 --> 00:46:27,600 Speaker 1: in the mud slinging, and just to focus on the solution, 900 00:46:27,680 --> 00:46:31,359 Speaker 1: because you know, we we referenced the sovereign individual maybe 901 00:46:31,400 --> 00:46:34,160 Speaker 1: before we started recording, but um, that book kind of 902 00:46:34,320 --> 00:46:38,799 Speaker 1: elucidates the fact that it's the technological changes and the 903 00:46:38,920 --> 00:46:43,640 Speaker 1: technological innovation that emerge on the world that the primary 904 00:46:43,680 --> 00:46:46,560 Speaker 1: cause for the shifts and the structure of governance and 905 00:46:46,560 --> 00:46:49,600 Speaker 1: and the you know, the quote unquote logic of violence 906 00:46:49,640 --> 00:46:54,200 Speaker 1: that basically limits people's degree of freedom right, so instead 907 00:46:54,239 --> 00:46:56,400 Speaker 1: of and and I think a lot of people know 908 00:46:56,440 --> 00:46:57,920 Speaker 1: this in their own lives, Like if you try to 909 00:46:57,960 --> 00:47:02,160 Speaker 1: persuade them of an opinion you hold, that's a very 910 00:47:02,200 --> 00:47:04,520 Speaker 1: difficult thing to do because they're grounded in their own 911 00:47:04,520 --> 00:47:08,239 Speaker 1: perspective and worldview. But if you engage in a solution 912 00:47:08,320 --> 00:47:13,760 Speaker 1: that's positive, that enhances your life, that benefit is apparent 913 00:47:13,800 --> 00:47:15,880 Speaker 1: to people. And I think that's what causes them in 914 00:47:15,920 --> 00:47:18,400 Speaker 1: their own mind to say, what's going on with that 915 00:47:18,440 --> 00:47:20,960 Speaker 1: person over there, Like they seem happy, they seem successful, 916 00:47:20,960 --> 00:47:23,600 Speaker 1: they seem like they're engaged. Like those are things that 917 00:47:23,640 --> 00:47:25,920 Speaker 1: people are attracted to, and I think that they're curious 918 00:47:25,960 --> 00:47:27,759 Speaker 1: about and that's the thing that will lead them to 919 00:47:28,640 --> 00:47:31,839 Speaker 1: place on pause their own you know, perspectives and their 920 00:47:31,840 --> 00:47:34,080 Speaker 1: own opinions and dip their toes in the water and 921 00:47:34,120 --> 00:47:36,799 Speaker 1: see what else might be there. And so, you know, 922 00:47:37,040 --> 00:47:42,160 Speaker 1: I totally agree Bitcoin is a weapon of freedom, um, 923 00:47:42,200 --> 00:47:45,040 Speaker 1: and it's a peaceful weapon of freedom, and it's one 924 00:47:45,160 --> 00:47:48,359 Speaker 1: unlike that we've ever had before that I think, if 925 00:47:48,400 --> 00:47:50,640 Speaker 1: we're right, fixes a lot of the systemic issues that 926 00:47:50,680 --> 00:47:53,480 Speaker 1: a lot of us have been identifying and that frustrate 927 00:47:53,480 --> 00:47:55,920 Speaker 1: a lot of us. So, you know, I think that's 928 00:47:55,960 --> 00:47:58,960 Speaker 1: that's the way forward here. Don't get mired in the 929 00:47:59,040 --> 00:48:05,000 Speaker 1: quicksand of the political arguments do youre or the social problems. 930 00:48:05,320 --> 00:48:09,640 Speaker 1: Engage in what the emerging solution is. Engage that community 931 00:48:09,920 --> 00:48:12,080 Speaker 1: or the people in that community that are thinking in 932 00:48:12,080 --> 00:48:15,120 Speaker 1: a similar way, whose mind is on a hopeful future, 933 00:48:15,200 --> 00:48:18,800 Speaker 1: a positive future, a better future, and do that both 934 00:48:18,840 --> 00:48:22,160 Speaker 1: for the betterment of your own circumstances and for the 935 00:48:22,200 --> 00:48:24,160 Speaker 1: broader picture. And I think if we all take that 936 00:48:24,239 --> 00:48:29,520 Speaker 1: upon ourselves to improve ourselves, engaging things we believe are meaningful, uh, 937 00:48:29,520 --> 00:48:31,719 Speaker 1: and engage with people that you know, we think are 938 00:48:31,760 --> 00:48:34,520 Speaker 1: good and doing good work. If we all do that 939 00:48:34,600 --> 00:48:37,040 Speaker 1: we're gonna wind up with a better world at some 940 00:48:37,120 --> 00:48:39,040 Speaker 1: point in the future, and that's probably the quickest way 941 00:48:39,080 --> 00:48:41,520 Speaker 1: to get there. So you know that, that's what I've 942 00:48:41,560 --> 00:48:43,879 Speaker 1: been doing, and um it seems like that's what you've 943 00:48:43,880 --> 00:48:45,279 Speaker 1: been doing and a lot of other people in the 944 00:48:45,280 --> 00:48:47,560 Speaker 1: bitcoin space, and that's what's so exciting about what's happening 945 00:48:48,239 --> 00:48:51,440 Speaker 1: right Well, that's uh, that's that's a great note to 946 00:48:51,520 --> 00:48:53,560 Speaker 1: end on, a great, great message of hope. So we'll 947 00:48:53,560 --> 00:48:55,680 Speaker 1: go ahead and wrap it up with that. Um, so 948 00:48:55,719 --> 00:48:58,960 Speaker 1: hopefully everybody, uh solve the problem. But now they see 949 00:48:58,960 --> 00:49:00,799 Speaker 1: a solution. And I think, like said, once you once 950 00:49:00,800 --> 00:49:04,280 Speaker 1: you you know, human nature is like we I feel 951 00:49:04,280 --> 00:49:06,720 Speaker 1: like humans need like that goal, just like a carrot 952 00:49:06,719 --> 00:49:08,600 Speaker 1: to chase sort of thing. And so now everyone has 953 00:49:08,640 --> 00:49:11,360 Speaker 1: that that carrot. So great, great time, John, I appreciate 954 00:49:11,400 --> 00:49:13,680 Speaker 1: you taking the time and talking with us today. I'm 955 00:49:13,680 --> 00:49:15,640 Speaker 1: gonna make sure that we're gonna link your podcast in 956 00:49:15,640 --> 00:49:17,439 Speaker 1: the show notes down below because it's great and everyone 957 00:49:17,440 --> 00:49:20,000 Speaker 1: should be paying attention to that and subscribing anything else 958 00:49:20,000 --> 00:49:21,640 Speaker 1: that you want to plug, anything else coming up or 959 00:49:21,640 --> 00:49:24,640 Speaker 1: that you're working on. Uh No, man, I just appreciate 960 00:49:24,920 --> 00:49:26,799 Speaker 1: you having me on. Appreciate the chat, and I look 961 00:49:26,840 --> 00:49:29,719 Speaker 1: forward to doing it again sometime. Cool John, thanks so much, 962 00:49:29,760 --> 00:49:31,839 Speaker 1: appreciate it. I'd probably take care all right,