WEBVTT - Part One: Let's Talk About Cryptocurrency 0:00:02.160 --> 0:00:07.000 Delauded. I'm Robert Evans. This is Behind the Bastards, a 0:00:07.000 --> 0:00:09.559 podcast that has always opened by me shouting out the 0:00:09.680 --> 0:00:14.320 name of my favorite painkiller, Delatted. Oh it's good stuff. 0:00:15.920 --> 0:00:18.840 Because I'm hopeful because Sophia just got mailed a bunch 0:00:18.840 --> 0:00:20.920 of knives by our fans, and now I'm kind of 0:00:20.920 --> 0:00:22.639 hoping that some fans will send me a bunch of 0:00:22.640 --> 0:00:26.400 Delatted anonymously in the mail. Can we also say that 0:00:26.480 --> 0:00:31.240 Mama loves Darva st Darvasset Dad's the good ship. Yeah, 0:00:31.680 --> 0:00:35.400 that I And honestly, I can't think of a better 0:00:35.479 --> 0:00:37.840 idea during a time in which a lot of people 0:00:37.920 --> 0:00:42.440 are dying from fitneal overdoses and tainted pills than asking 0:00:42.479 --> 0:00:45.640 strangers to send us random medication in the mail. That's 0:00:45.720 --> 0:00:49.640 just good thinking again. Podcast Daddy and Podcast Mama love 0:00:49.720 --> 0:00:55.000 to gamble. Everyone knows we like to roll them bones. Baby. 0:00:55.440 --> 0:00:58.680 I got a coffee cup and eat the rich coffee cup. 0:00:58.680 --> 0:01:00.360 It's actually sitting next to me right now from a 0:01:00.360 --> 0:01:05.520 fan recently. But it came in packaging that I've never 0:01:05.560 --> 0:01:09.080 seen the packaging made since in retrospect. But it was 0:01:09.120 --> 0:01:13.640 like a rounded a box with rounded edges made entirely 0:01:13.640 --> 0:01:16.200 out of styrofoam that was like taped up and had 0:01:16.319 --> 0:01:19.280 very official looking labels on it, and it looked like 0:01:19.280 --> 0:01:21.880 the packaging you'd put in through like a vial of 0:01:21.880 --> 0:01:26.080 of medication or like like bacterial samples or something. So 0:01:26.120 --> 0:01:28.560 I was looking at this package like should I open this? 0:01:28.720 --> 0:01:31.039 What the fun is in this thing? And it just 0:01:32.120 --> 0:01:35.160 these knives. I was like, Oh, this could really be 0:01:35.240 --> 0:01:38.480 a terrible package to open. Most of these did not 0:01:38.560 --> 0:01:43.040 have names on them, and I respect that because you know, 0:01:43.160 --> 0:01:45.120 the government doesn't need to know what we sended to 0:01:45.120 --> 0:01:50.200 each other. Anonymously send your favorite Creators weapons in the mail. 0:01:50.360 --> 0:01:53.640 That's these knives were amazing. I just did a little 0:01:53.680 --> 0:02:01.320 tour of the knives. Robert, there's that amazing US Marine 0:02:01.320 --> 0:02:04.640 corpninek bar. Yeah, that's a good knife. You can ship 0:02:04.840 --> 0:02:06.520 up with a k bar. That's the kind of knife 0:02:06.520 --> 0:02:08.680 if you get to like jab your way outside of 0:02:08.680 --> 0:02:12.840 a car, nice as leather holster, Like, yes, I love it, 0:02:12.960 --> 0:02:15.840 Thank you so much. Someone sent a tiny miniature knife 0:02:16.120 --> 0:02:20.919 for like a little baby knife for sting babies having 0:02:20.960 --> 0:02:23.920 little little fetuses. Yeah, take it from a fetus knife 0:02:23.960 --> 0:02:26.120 and loves it. Yeah, that's a kind of knife that 0:02:26.160 --> 0:02:30.440 like like babies young enough to be legally aborted in 0:02:30.480 --> 0:02:33.560 the state of Texas would use in a knife fight, yes, 0:02:33.760 --> 0:02:36.520 to try to fight the people that will not give 0:02:36.560 --> 0:02:40.960 their mothers rights. Yeah, yeah, I got too loose knives 0:02:41.000 --> 0:02:42.760 that came with a collection of other things, like a 0:02:42.840 --> 0:02:45.399 bag of mazza and you know, yeah that was weird. 0:02:46.120 --> 0:02:48.600 I love that guy. Yeah, so just like some some 0:02:48.680 --> 0:02:52.960 maniac in a Midwestern states sent you a sack with 0:02:53.120 --> 0:02:58.400 loose knives, mazza, a cigarette. It was incredible. Hey, it 0:02:58.480 --> 0:03:02.360 was multiple notes. Yeah, it was a sweet and told 0:03:02.360 --> 0:03:05.320 me to take care of myself and my friends and 0:03:05.360 --> 0:03:09.880 family with these loose knives. And now that is the 0:03:10.000 --> 0:03:14.320 name of honestly my new band, Loose Knives. When you 0:03:14.440 --> 0:03:17.560 walked me through that us through that package, that is 0:03:17.600 --> 0:03:19.920 the proudest I've ever been of my fans. That was 0:03:19.960 --> 0:03:22.639 that was an incredible way to send a gift to somebody. 0:03:22.840 --> 0:03:25.959 Just loose knives with a cigarette in a sack, one 0:03:26.280 --> 0:03:33.400 rolling paper and a single matches Yes, matches please, thank you. 0:03:33.960 --> 0:03:39.240 What a hero. Someone sent me lavender bath products along 0:03:39.280 --> 0:03:43.120 with a tiny knife that goes on my keychain. Someone 0:03:43.160 --> 0:03:46.720 else sent me and like a key that I can 0:03:47.000 --> 0:03:50.880 sneak into an airport and specifically said this doesn't this 0:03:50.960 --> 0:03:57.040 isn't visible on X rays. God, that's some queen ship. God, 0:03:57.320 --> 0:04:01.240 thank you. That's you know, having when people when people 0:04:01.280 --> 0:04:03.320 send you stuff like that in the mail and just like, 0:04:03.400 --> 0:04:05.600 here's how you can smuggle a knife on an airplane. 0:04:06.240 --> 0:04:08.600 Stranger that whose content? I like, that lets me know 0:04:08.640 --> 0:04:13.760 that we're reaching the right demographic scene, you know, absolutely 0:04:13.960 --> 0:04:17.640 absolutely beautiful. I was telling Robbert before this, I was like, Yeah, 0:04:17.680 --> 0:04:19.279 I used to fly with a knife in my purse 0:04:19.360 --> 0:04:21.599 all the time on airplanes, and not because I was 0:04:21.640 --> 0:04:23.480 like trying to prove a point or anything. I just 0:04:23.680 --> 0:04:27.160 always carry a knife and I would forget to take 0:04:27.200 --> 0:04:29.680 it out before I flew and they never got it. 0:04:29.760 --> 0:04:32.920 It took me like fifteen times of flying before finally 0:04:33.040 --> 0:04:35.080 someone was like, is that a knife? And I was like, oh, 0:04:35.120 --> 0:04:39.200 shit is and then I lost it. But now I 0:04:39.240 --> 0:04:42.080 have a k bar, So fuck them and make sure 0:04:42.120 --> 0:04:44.720 you check the k bar. They will probably find that 0:04:45.720 --> 0:04:49.360 I won't fly with that one. That's just for local stabbings. Okay, 0:04:49.400 --> 0:04:51.520 that's for locals. That's good. Yeah, you need to have 0:04:51.720 --> 0:04:54.279 you need to have like like not every knife is 0:04:54.279 --> 0:04:56.960 suitable for stabbing people in every situation. Like if you're 0:04:56.960 --> 0:04:59.280 going to shank somebody in an airport bathroom, that's past 0:04:59.320 --> 0:05:03.560 security want the knife exactly exactly. But at k bar, 0:05:03.880 --> 0:05:06.960 you know, it's it's it's for a different thing. It's 0:05:06.960 --> 0:05:09.600 a different kind of vibe, it's a different kind of 0:05:09.800 --> 0:05:12.240 you know, stabbing. The k Bar is the knife that 0:05:12.320 --> 0:05:16.160 like if you have to uh in in the style 0:05:16.279 --> 0:05:19.760 of a parable of the sower, hike on foot from 0:05:19.760 --> 0:05:23.159 southern California to Oregon in order to save yourself during 0:05:23.160 --> 0:05:26.919 the climate apocalypse and crash in my compound, that's the 0:05:26.960 --> 0:05:29.200 knife you take with you to stab people on the road. 0:05:29.920 --> 0:05:34.280 I was thinking more of like Cheryl straight strads like 0:05:34.360 --> 0:05:37.920 wild you know, like I'm on the doing the Appalachian Trail. 0:05:38.360 --> 0:05:41.279 You know, maybe I stabbed something to eat. Maybe I 0:05:41.600 --> 0:05:44.640 stab a man who wants to get in this pussy. 0:05:44.720 --> 0:05:46.440 You know, you never know what happens, and you can 0:05:46.520 --> 0:05:50.680 eat him too, you know, you think I would stab 0:05:50.720 --> 0:05:54.559 a man without eating him. Robert the part first while 0:05:54.560 --> 0:05:58.680 it's still beating. Everyone knows that that's how you and 0:05:58.720 --> 0:06:02.080 then we slice up as butt cheek meat. That's the 0:06:02.080 --> 0:06:08.760 best meat into some steak tartar human cheek because like 0:06:08.839 --> 0:06:11.440 beef cheek is delicious. I imagine people's cheeks would be 0:06:11.480 --> 0:06:14.320 pretty good too. Um. I don't think they have as 0:06:14.400 --> 0:06:18.600 much like fatty loveliness, but probably they're not bad. Yeah, 0:06:18.600 --> 0:06:20.640 they're probably probably like you know, when you eat like 0:06:20.680 --> 0:06:23.599 a fish head and you get like all the parts 0:06:23.600 --> 0:06:26.599 out of the head and they're like delicious. I mean, 0:06:27.080 --> 0:06:29.640 we should probably ask one of our fans to just 0:06:29.680 --> 0:06:38.679 send please do please send us, Sophie, come on, you should. 0:06:38.800 --> 0:06:43.080 You should talk about doing even you said cut what 0:06:43.200 --> 0:06:49.479 Robert just said for safety reasons. So Robert, we're already 0:06:49.520 --> 0:06:55.560 getting sent knives that you vary more we are could 0:06:55.640 --> 0:06:57.920 be used in a nine eleven, and I feel like 0:06:58.000 --> 0:07:00.720 you could do with some of these. Say sure, that's 0:07:01.040 --> 0:07:05.640 enough for us. We don't need to encourage. You're right, 0:07:05.640 --> 0:07:08.360 we can get our own exactly. That's what the knives 0:07:08.360 --> 0:07:12.320 are for. And in the meantime, my k bars for 0:07:12.400 --> 0:07:15.880 like local stabbings, like your farm to table kind of 0:07:16.400 --> 0:07:19.360 farm to table stabbing, yeah, and then the other kind 0:07:19.360 --> 0:07:22.040 of stabbings that are like more, oh, you gotta travel 0:07:22.120 --> 0:07:24.960 to stab who you want. That's what my little airplane 0:07:25.040 --> 0:07:28.800 knife is for that's good. None of this has anything 0:07:28.840 --> 0:07:38.440 to do with what we're talking about today, which is cryptocurrency. Cool. So, Sophia, 0:07:40.480 --> 0:07:42.440 I never planned to do an episode on n f 0:07:42.520 --> 0:07:45.720 T s or cryptocurrency, UM, because I think it's all 0:07:45.800 --> 0:07:48.120 very silly. I am. I'm not a believer in any 0:07:48.160 --> 0:07:50.200 of this stuff. But over the last couple of weeks, 0:07:50.200 --> 0:07:52.560 in spite of myself, I've I've gone down a rabbit 0:07:52.600 --> 0:07:56.360 hole specifically inspired by some n f T scams that 0:07:56.400 --> 0:08:00.480 have recently come to light that I just found absolutely fascinating. Um. 0:08:00.760 --> 0:08:02.160 This is not going to be an episode about a 0:08:02.160 --> 0:08:04.720 specific bastard, and to be honest, even like the victims 0:08:04.720 --> 0:08:06.800 here are not people who really feel that bad for 0:08:07.480 --> 0:08:12.320 UM because they're gambling with money that only exists because 0:08:12.360 --> 0:08:18.080 it destroys rainforests. Basically like it's like cryptos. I think 0:08:19.240 --> 0:08:22.920 mostly bad, UM. But this show primarily functions by me 0:08:23.200 --> 0:08:25.680 getting interested in something and then reading about it. And 0:08:25.720 --> 0:08:27.679 this week I didn't want to read about Peter teal 0:08:28.000 --> 0:08:33.280 or or some sort of genocide Cichesco or whatever. UM. 0:08:33.320 --> 0:08:36.240 I wanted to read about cryptocurrency, so I did UM 0:08:36.360 --> 0:08:38.680 and the person you can blame this episode on. Is 0:08:38.800 --> 0:08:41.840 David Garrard or David Girard, who wrote a book called 0:08:41.880 --> 0:08:45.200 Attack of the fifty Foot Blockchain. UM. David is a 0:08:45.240 --> 0:08:49.040 senior Wikipedia editor. He's volunteered spokesperson for Wikipedia. He's also 0:08:49.080 --> 0:08:52.160 an author and a crypto expert who is a no coiner, 0:08:52.400 --> 0:08:56.520 which is somebody who doesn't is involved in the cryptocurrency world, 0:08:56.800 --> 0:08:59.400 often reporting on it, but does not actually hold any himself. 0:08:59.440 --> 0:09:01.520 And he doesn't hold any because he seems to pretty 0:09:01.559 --> 0:09:04.760 much think it's all bullshit. UM. He is widely despised 0:09:04.760 --> 0:09:07.520 in the cryptocurrency community, but as far as I can tell, 0:09:07.640 --> 0:09:11.160 he is very knowledgeable UM, and he's a good writer. 0:09:11.440 --> 0:09:15.760 I recommend the book heavily. UM. He's also pro some 0:09:15.920 --> 0:09:19.480 of the fundamental ideas that are behind cryptocurrency, which I 0:09:19.520 --> 0:09:22.280 actually kind of am as well. At the beginning of 0:09:22.320 --> 0:09:25.600 his book, he cites a quote from Bitcoin creator Satoshi 0:09:25.679 --> 0:09:29.120 Nakamoto's original manifesto or white paper, whatever you wanna call it, 0:09:29.480 --> 0:09:33.720 laying out Nakamoto's basic goal of the Bitcoin project. Quote, 0:09:34.080 --> 0:09:37.000 a purely peer to peer version of electronic cash would 0:09:37.040 --> 0:09:39.720 allow online payments to be sent directly from one party 0:09:39.760 --> 0:09:42.960 to another. Without going through a financial institution, so you 0:09:42.960 --> 0:09:45.319 can see, like, right, just that basically if you take 0:09:45.360 --> 0:09:47.880 out everything that's happened since if someone were to like 0:09:47.920 --> 0:09:50.200 tell you that idea, you know back in two that's 0:09:50.360 --> 0:09:52.000 five or whatever. Hey, this is what I want to make. 0:09:52.280 --> 0:09:55.760 That's not unreasonable, right, Like maybe that's just the libertarian 0:09:55.760 --> 0:09:57.480 in me, but like I get why you would want 0:09:57.520 --> 0:10:01.400 that real quick. We did not do an intro, did we? 0:10:02.160 --> 0:10:03.800 Why would we do an intro? We didn't intro. We 0:10:03.800 --> 0:10:09.439 talked about knives. I just wanted to make sure Sophie's 0:10:09.480 --> 0:10:15.000 faces were all converted. Everyone knows who you are, Sophia Alexandra. 0:10:15.200 --> 0:10:18.240 Normally we talk about horrible, dead baby things, but this 0:10:18.360 --> 0:10:21.959 week we started by talking about knives and cryptocurrency. Yeah, 0:10:22.040 --> 0:10:25.840 and then you said, I look, you lured me here 0:10:25.920 --> 0:10:30.520 under false pretenses. Um, I thought there would be dead babies. Instead, 0:10:30.600 --> 0:10:32.520 you were like, we're talking about n f T s 0:10:32.520 --> 0:10:37.520 and I'm like, oh, no, titties, how about this? You 0:10:37.559 --> 0:10:39.679 were like, that's not what n f T stands for. 0:10:40.280 --> 0:10:46.680 Cryptocurrency is incredibly environmentally wasteful. Every individual popular cryptocurrency uses 0:10:46.720 --> 0:10:49.920 more electricity and im it's more carbon per year than 0:10:49.960 --> 0:10:54.959 many nations. That leads to horrific climate change, which kills 0:10:54.960 --> 0:10:57.839 a shipload of babies. Tens of millions of babies are 0:10:57.840 --> 0:11:00.560 going to die. Additionally, every year is the world were 0:11:00.720 --> 0:11:05.880 warms and you feel better, Sofia, I guarantee there are 0:11:06.080 --> 0:11:09.960 mountains of babies being killed by this, mountains of them. 0:11:10.000 --> 0:11:13.840 I don't believe it, Sofia, I I will, I will 0:11:14.160 --> 0:11:16.120 for the for the next year. Every time there's a 0:11:16.120 --> 0:11:19.400 horrible natural disaster that affects babies, I'm gonna send you 0:11:19.440 --> 0:11:23.800 a picture. I'm gonna go to tiny baby hurricane. Yeah, 0:11:23.800 --> 0:11:26.559 a little baby hurricane. Hurricanes that just affect in I 0:11:26.720 --> 0:11:31.959 see you warts. Oh, we're nick you all with tiny's. 0:11:32.080 --> 0:11:37.680 We've scotten all the incubators, tropical storm, widow, bitty baby. Yeah. 0:11:37.720 --> 0:11:41.560 I don't think anyone's sending me knives after this, No, Sophia, 0:11:41.640 --> 0:11:45.400 But like so okay, cryptocurrency the basic idea like that 0:11:45.520 --> 0:11:49.319 Nakamoto was going for behind bitcoin, that's doesn't sound entirely 0:11:49.400 --> 0:11:52.720 unreasonable to me. A way for people to send electronic 0:11:52.760 --> 0:11:56.920 money directly without using a bank or without like you know, 0:11:56.960 --> 0:11:59.880 involving a government, right Like I don't have a fun 0:12:00.080 --> 0:12:02.400 the mental issue with that idea. In fact, I think 0:12:02.440 --> 0:12:05.200 there's there's reasons for which it could be value valuable. 0:12:05.240 --> 0:12:08.760 Now I'm it was a libertarian most of my life. 0:12:08.800 --> 0:12:11.520 I'm kind of more on the anarchistic spectrum now um, 0:12:11.559 --> 0:12:15.760 and I don't really like large, powerful, centralized institutions. So yeah, 0:12:15.800 --> 0:12:17.680 so you could see like if someone were to again, 0:12:17.720 --> 0:12:19.400 if bitcoin wasn't a thing of all of the ship 0:12:19.440 --> 0:12:22.280 that's happened, wasn't a thing someone said, Hey, I'm working 0:12:22.320 --> 0:12:24.880 on this idea, you might have thought like, oh, that 0:12:24.880 --> 0:12:28.160 that sounds like a neat experiment to dry, it's worth 0:12:28.160 --> 0:12:31.439 giving a shot. Um. One of the other things that 0:12:31.559 --> 0:12:34.520 Nakamoto was talking about that a lot of early people 0:12:34.559 --> 0:12:38.040 who were into cryptocurrency talked about was the promise that 0:12:38.080 --> 0:12:40.640 it would provide an option for people who are unbanked, 0:12:40.800 --> 0:12:43.560 which is folks who for a variety of reasons, maybe 0:12:43.559 --> 0:12:45.800 their location, the nation that they live in, you know, 0:12:45.880 --> 0:12:47.720 the level of poverty that they have, whatever, and maybe 0:12:47.720 --> 0:12:49.520 the fact that, like there's a lot of people in 0:12:49.520 --> 0:12:52.520 places like India who don't legally exist because they were 0:12:52.600 --> 0:12:54.440 you know, of where they were born. There's just nobody 0:12:54.559 --> 0:12:57.640 like keeping track of people there. Um, Like their identities 0:12:57.679 --> 0:12:59.840 often like tied up in the community that they live 0:12:59.880 --> 0:13:02.800 in rather than like a bunch of government documents. Um. 0:13:02.840 --> 0:13:04.680 So a lot of these people aren't going to be 0:13:04.720 --> 0:13:07.600 able to have an account with a financial institution. So 0:13:07.920 --> 0:13:09.760 one of the ideas was that, well, if you have 0:13:09.840 --> 0:13:12.480 some sort of electronic currency that doesn't rely on a 0:13:12.520 --> 0:13:15.480 government or a financial institution, it would provide an option 0:13:15.559 --> 0:13:18.440 for those people. Um, and specifically an option to do 0:13:18.520 --> 0:13:21.600 like micro transactions, so like sending small bits of money, 0:13:21.679 --> 0:13:24.600 you know, from one place to the other. Um. None 0:13:24.600 --> 0:13:27.520 of this has wound up happening. Cryptocurrency does none of 0:13:27.559 --> 0:13:29.720 this Like absolutely not. Well I was going to say 0:13:29.920 --> 0:13:32.600 that's the thing is if that's what it was, that 0:13:32.600 --> 0:13:37.920 would be tight. That's not what it is. And um, 0:13:37.960 --> 0:13:40.840 it's kind of like when I read about that ship 0:13:41.480 --> 0:13:45.360 that was like an independent nation and you can buy 0:13:45.440 --> 0:13:49.120 your like thing on it with crypto and then it's like, oh, 0:13:49.480 --> 0:13:52.439 we didn't realize how hard it is. It's actually very 0:13:52.440 --> 0:13:59.319 hard to do this savership and a government and uh infrastructure, 0:13:59.360 --> 0:14:04.240 but you're in ownership. Oh fuck. So yeah, the idea 0:14:05.280 --> 0:14:09.760 like sure, that's cool, but you did not think through 0:14:09.920 --> 0:14:14.960 anything like eating or shipping for the laws of the 0:14:15.040 --> 0:14:18.200 sea or what it takes to actually operate a boat 0:14:18.200 --> 0:14:20.680 of that size. So I actually really like that you 0:14:20.760 --> 0:14:23.000 brought that up, and the story for people who aren't aware, 0:14:23.000 --> 0:14:25.560 there's actually a good article about it. Um a bunch 0:14:25.600 --> 0:14:28.520 of like libertarian crypto nerds bought a cruise ship at 0:14:28.560 --> 0:14:31.800 the start of the pandemic um and sailed it off 0:14:31.800 --> 0:14:34.320 the coast of Panama in an attempt to create an 0:14:34.320 --> 0:14:37.880 independent nation there. And we're basically like selling bunks on 0:14:38.000 --> 0:14:40.320 the ship. And the idea was that would be like 0:14:40.360 --> 0:14:43.560 a perfectly free country. But for one thing, you can't 0:14:43.600 --> 0:14:46.480 be perfectly free living in a tiny room on a 0:14:46.520 --> 0:14:48.560 cruise ship. Like people weren't even allowed to have like 0:14:48.600 --> 0:14:50.960 microwaves in their room. They didn't have their own kitchens. 0:14:51.000 --> 0:14:53.400 They were alliant top Like if just there would have 0:14:53.400 --> 0:14:57.680 been a to be able to do this in a 0:14:57.760 --> 0:15:01.800 way that is safe. So you be like, okay, we 0:15:01.880 --> 0:15:03.640 have to be safe. They're like, you can't have a 0:15:03.640 --> 0:15:07.120 micro raven whatever, which is like hilarious when you're like, 0:15:07.200 --> 0:15:10.080 this is the freeest you'll ever be for you can 0:15:10.160 --> 0:15:14.560 never cook again, and to freedom, Like I love the 0:15:14.560 --> 0:15:17.760 movie Pirate Radio. UM I think that's one about those 0:15:17.760 --> 0:15:19.840 people who live on that boat that do a pirate. 0:15:20.320 --> 0:15:22.360 That's my dream. I would love to live on a 0:15:22.400 --> 0:15:24.880 big boat with like twenty something of my friends and 0:15:25.040 --> 0:15:28.080 run illegal media stations. That sounds like the coolest thing 0:15:28.080 --> 0:15:31.239 you could possibly do. Everybody has British accents and everybody's 0:15:31.320 --> 0:15:33.520 very British. It sounds it would be rad as hell. 0:15:33.560 --> 0:15:38.520 But obviously, um the idea. Anyway, what's the reason I 0:15:38.520 --> 0:15:40.560 think that it's good that you brought this up is 0:15:40.600 --> 0:15:43.240 that it's a perfect example of what has happened with 0:15:43.280 --> 0:15:45.760 a lot of cryptocurrency. We'll talk about this a little 0:15:45.760 --> 0:15:47.960 more in a bit, but like all of these people 0:15:47.960 --> 0:15:50.520 are good at one thing and it makes them think 0:15:50.520 --> 0:15:52.240 they're good at a bunch of other things, or at 0:15:52.280 --> 0:15:54.560 least they could figure it out. Like these crypto nerds 0:15:54.600 --> 0:15:56.360 were like really good at making a bunch of money 0:15:56.360 --> 0:15:58.000 in cryptocurren In other ways, like a lot of them 0:15:58.040 --> 0:16:00.680 were business owners. You know, They're the kind libertarians who 0:16:00.720 --> 0:16:04.520 did have a skill. They made their money doing something, um, 0:16:04.560 --> 0:16:06.840 and they were convinced use that like, well, how hard 0:16:06.840 --> 0:16:10.040 could it be to like operate a cruise ship or 0:16:10.080 --> 0:16:12.000 just I'll be able to hire somebody to operated how 0:16:12.040 --> 0:16:14.280 complicated could the laws be? And it's like, well, it's 0:16:14.640 --> 0:16:17.280 a nightmare. And it's the same thing with crypto people 0:16:18.040 --> 0:16:21.400 of someone that decorates their house nicely and it's like, 0:16:21.480 --> 0:16:26.120 let's just flip houses. And then they're like, oh no, yeah, 0:16:27.320 --> 0:16:31.680 not understand how to do that. I just know how 0:16:31.720 --> 0:16:35.240 to buy ship off of Wayfair and my bad and 0:16:36.880 --> 0:16:40.120 should not have tried to be an hd TV person 0:16:41.520 --> 0:16:42.960 you've seen. I've seen a lot of the same thing 0:16:43.000 --> 0:16:45.040 in like the pot industry because I was I was 0:16:45.800 --> 0:16:48.400 living in and around pot farms during the height of 0:16:48.440 --> 0:16:54.080 the marijuana gold rush in California. A lot of people 0:16:54.280 --> 0:16:56.880 who like would get in and try to start farms 0:16:56.880 --> 0:16:59.160 whould like made a bunch of money doing something else, 0:16:59.200 --> 0:17:01.640 something in business or whatever, like in the tech industry, 0:17:01.680 --> 0:17:03.560 and like, well, now I'm just gonna like I'm gonna 0:17:03.560 --> 0:17:06.400 be a pot farmer. And I didn't realize that, like 0:17:06.840 --> 0:17:08.800 because they've grown like a couple of plants in their 0:17:08.800 --> 0:17:10.479 house or something in it Like it's like no, no, no. 0:17:10.600 --> 0:17:13.119 Actual pot farming is one of the hardest things you 0:17:13.160 --> 0:17:16.800 can possibly do um and it it necessitates very close 0:17:16.840 --> 0:17:20.680 contact with incredibly date coustic. Even if you're like organically 0:17:21.400 --> 0:17:24.480 using pesticides, you're basically spraying sulfur in amounts that you 0:17:24.520 --> 0:17:27.119 have to wear like a fucking tip exit Like it's 0:17:27.160 --> 0:17:29.480 it's hard. And all these people like crashed and burned 0:17:29.480 --> 0:17:31.440 because they had no fucking clue what they were doing 0:17:31.840 --> 0:17:34.439 and they couldn't physically handle the demands of running a 0:17:34.480 --> 0:17:36.800 farm because farming is hard. It's like a lot of 0:17:36.800 --> 0:17:41.680 these people love to think it is easy from the outside. Yeah, 0:17:41.680 --> 0:17:44.760 it's it's a human problem. It's not just a crypto problem. No, 0:17:44.960 --> 0:17:47.800 everybody thinks something that you don't know shit about from 0:17:47.800 --> 0:17:53.119 the side, or like this ship is easy. The utopian 0:17:53.240 --> 0:17:55.639 kind of socialist and anarchist communities that I have a 0:17:55.640 --> 0:17:57.520 lot of you know, love for, but like a lot 0:17:57.600 --> 0:18:00.159 of people who were like city kids talking about their 0:18:00.240 --> 0:18:02.840 dream of like buying land and operating a farm, and 0:18:02.920 --> 0:18:05.800 like I'm farming about an acre right now, um, and 0:18:05.840 --> 0:18:09.080 I'm not. I the people who are engaged in the 0:18:09.080 --> 0:18:10.760 project with me have been doing it a lot longer, 0:18:10.800 --> 0:18:12.760 and I'm much better it than I am. And even 0:18:12.800 --> 0:18:15.960 the little bit that I'm doing is like this shipload 0:18:15.960 --> 0:18:17.800 of work, and that's like a little bit of land, 0:18:17.920 --> 0:18:20.600 not even trying to be fully self sufficient, like it's 0:18:20.600 --> 0:18:24.440 all it's this thing people do is like I don't 0:18:24.680 --> 0:18:27.440 I I think that this thing sounds fun. How hard 0:18:27.480 --> 0:18:30.360 could it possibly be? Oh no, it's a problem. Um. 0:18:30.400 --> 0:18:33.480 The issue is that, like same with a homemaker problem. 0:18:33.480 --> 0:18:36.439 It's like the idea these you know, a lot of 0:18:36.440 --> 0:18:39.280 these men have been like, oh, well, like all you 0:18:39.400 --> 0:18:41.760 do is fucking stay at home and take care of 0:18:41.800 --> 0:18:44.240 the kids in the house. How hard could this be? 0:18:44.600 --> 0:18:47.120 And then like you know, COVID happened and they had 0:18:47.160 --> 0:18:48.879 to do it for a little bit and they were like, 0:18:48.920 --> 0:18:53.439 oh my god, what you do as hell? And it's like, yeah, bitch, 0:18:53.680 --> 0:18:58.120 everybody's job is hard. I don't know what you think 0:18:58.359 --> 0:19:02.560 an easy job is? Just being rich? I would say, 0:19:02.640 --> 0:19:05.280 like being I think I could be a CEO of 0:19:05.359 --> 0:19:09.040 literally any company and do just lot a job. That's 0:19:09.080 --> 0:19:12.679 like no, that's like, uh, like what the royalty is 0:19:12.720 --> 0:19:17.399 in Britain. You know, yeah, I could Queen of England. 0:19:18.240 --> 0:19:20.760 You know. Yeah, I could be a pretty good pope too, 0:19:20.760 --> 0:19:24.479 I think. But yeah, anyway, you be the pope and 0:19:24.560 --> 0:19:29.040 I'll be the queen. Absolutely, we can finally destroy the 0:19:29.119 --> 0:19:33.800 Church of England can't. So the issue here, like this 0:19:33.840 --> 0:19:36.360 is the thing we all do underestimate how difficult things 0:19:36.359 --> 0:19:39.440 that we don't have experience with our um It's done 0:19:39.480 --> 0:19:42.000 in Krueger stuff and like, for example, if you and 0:19:42.040 --> 0:19:44.520 your friends buy five acres of land and realized farming 0:19:44.560 --> 0:19:46.760 is much harder, you have two options. Either you give 0:19:46.840 --> 0:19:49.639 up or you actually get better after a while. I 0:19:49.640 --> 0:19:52.680 didn't eventually figured out either way. The worst case scenario 0:19:52.800 --> 0:19:55.600 is like, oh, I made a mistake, and this is 0:19:55.640 --> 0:19:57.800 harder than I thought it was. If what you're trying 0:19:57.840 --> 0:20:01.159 to do is completely recreate a financi shull system, the 0:20:01.200 --> 0:20:03.840 mistakes you make will be things like, oh, I've been 0:20:03.880 --> 0:20:08.959 illegally selling unlicensed securities. Oh, I've been illegally operating as 0:20:08.960 --> 0:20:12.920 a money transmitting like organization without any of the proper paperwork. 0:20:12.920 --> 0:20:14.639 And now I found out that I've actually been committing 0:20:14.680 --> 0:20:17.840 numerous felonies. Oh, what I've been doing for years is 0:20:17.880 --> 0:20:21.000 actually embezzlement. And I was unaware because I don't understand 0:20:21.080 --> 0:20:23.720 any of these financial regulations, and I just thought it 0:20:23.760 --> 0:20:26.320 was easy to to to recreate all this. I thought 0:20:26.359 --> 0:20:29.320 that because it was cryptocurrency, there's no laws around it, 0:20:29.359 --> 0:20:31.560 and actually it's all still regulated the same way the 0:20:31.600 --> 0:20:34.200 rest of the economy is UM and I've been committing 0:20:34.240 --> 0:20:36.119 numerous crimes, which is why a lot of these guys 0:20:36.160 --> 0:20:39.720 go to jail. UM. A lot of the big crypto 0:20:39.920 --> 0:20:42.639 dudes UM either go to jail or flee the country 0:20:42.680 --> 0:20:46.119 because they either learn or yeah, anyway, this is what 0:20:46.160 --> 0:20:50.399 we're talking about here. UM. So at the moment, at best, 0:20:50.560 --> 0:20:54.000 bitcoin is an extremely volatile speculative commodity that uses an 0:20:54.040 --> 0:20:56.240 ungodly amount of electricity and it is a huge pain 0:20:56.280 --> 0:20:58.439 in the ask for most people to use. It is 0:20:58.480 --> 0:21:02.360 not freed any individuals from alliance on centralized bank type businesses. 0:21:02.400 --> 0:21:04.880 In fact, part one of the things that everyone gets 0:21:04.920 --> 0:21:08.000 excited about is like bitcoin's dollar value, you know, shoots 0:21:08.080 --> 0:21:10.520 up regularly to a high level. But like you're still excited, 0:21:10.640 --> 0:21:14.760 Like it's worth a lot of US dollars right, Like 0:21:15.359 --> 0:21:18.600 it's it's a money making scheme to get people rich 0:21:18.720 --> 0:21:21.640 in actual currency, and the people I know who are 0:21:21.680 --> 0:21:23.800 smart in crypto have done that. I have a friend 0:21:23.880 --> 0:21:26.400 who when bitcoin was like five hundred bucks of bitcoin, 0:21:26.960 --> 0:21:28.840 he was moving to Europe and he put a lot 0:21:28.880 --> 0:21:30.840 of his money into bitcoin, with the idea that like, 0:21:30.840 --> 0:21:32.439 well I'll move to Europe and I'll sell it for 0:21:32.480 --> 0:21:34.560 euros and I'll avoid a lot of transfer fees for 0:21:34.600 --> 0:21:36.879 doing that. Um. And he just kept some of it 0:21:36.920 --> 0:21:38.600 in there as the price shot up and he did 0:21:38.680 --> 0:21:40.840 very well. But his goal was always like, well, I 0:21:40.840 --> 0:21:44.160 don't I think this isn't like you know, a gamble, 0:21:44.320 --> 0:21:48.080 right like, and he's someone who enjoys gambling, and that's fine, 0:21:48.119 --> 0:21:49.960 Like if if you want to gamble. I don't have 0:21:50.000 --> 0:21:53.120 an issue with gambling obviously, like we do we sell 0:21:53.280 --> 0:21:58.040 sports betting and stuff. I have no moral problem with gambling. Um. 0:21:58.080 --> 0:22:02.240 But it's not a function currency in any meaningful way. 0:22:02.320 --> 0:22:04.840 It just isn't. It's um again at best, like a 0:22:05.000 --> 0:22:09.879 very volatile kind of investment type thing. UM. Also, I 0:22:09.920 --> 0:22:14.280