WEBVTT

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Hey friend, listen. I know the world is scary right now. Corruption, war, inflation, demographics,

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degeneracy, disease, unrest, hatred, and despair. We didn't come here to tell you how it is.

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But that it's going to get way better.

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I've got a good day coming. And it's all I need. Everything I wanted. Just wait and see.

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Better. Bye, Bitcoin.

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I don't know. I don't know. I don't know.

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All right. How's everybody doing today? Welcome back.

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I heard your voice underneath the intro.

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This is real good. Welcome back. We got JD, Anton, and myself, Bondor, on the pod today.

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Basically, we wanted to talk about what the biggest problem is and why aren't you solving it?

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So this morning, just total shower thought for me. It was like sitting in the shower.

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I was like, why? The Epstein stuff is coming out. The crazy absurdity of our communist mayor in L.A.

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trying to shut down ICE. We're trying to defend MacArthur Park, which is one of the most drug-ridden,

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insanely indefensible places on earth. And it's just such a bummer encountering all this stuff constantly.

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All day, all day, all day. So I was just sitting in the shower like, what can we do about it?

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What can we do about it? And it was like, what's the biggest problem we can solve?

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What's the biggest problem I can solve? What's the biggest problem Anton or JD or anybody else could solve?

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And then why aren't we solving that problem? Like, go solve that problem.

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What else are you doing here? Are you playing video games? Go solve the problem.

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So anyway, we kind of just wanted to break this down and figure out the different strategies

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or the long-term perspectives on this and what actually solves the problems

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and how to actually work through this and think about it correctly.

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So that's where my head's at today.

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So we can go through and say, the biggest problem in the world is...

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Yeah, there you go. That's great. So for me, I think the biggest... I mean, this is a Bitcoin podcast.

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The biggest problem in the world is fiat. And the way to solve fiat is Bitcoin.

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Now, that's just that, right? But then in my head, I'm just like, nobody believes that.

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Okay, so everyone else has got, what's their biggest problem? Right?

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What are the biggest problems, Anton? What are the biggest problems in the world

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that everyone else is like, that's the biggest problem. I got to solve that one.

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The biggest problem in the world is shorts on airplanes.

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I don't know if I've ever worn shorts on an airplane in my life.

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Like maybe if I was flying to Cabo for vacation or something.

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But there's been a breakdown in decorum in American society and a breakdown in culture.

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And people just act like absolute slobs. They litter.

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They... I realize you cuss, Vondork, but I mean, I cuss too.

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But, you know, like, you'll be at a restaurant with your children...

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I think we got a cuss word in the intro to this pod today.

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You'll be at a restaurant with your children and you'll have somebody just, you know,

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a little drunk sitting next to you just saying horrendous things with an earshot of children.

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People have just lost all sense of etiquette and respect for others.

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And I think it's indicative of a larger breakdown in American culture.

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What has caused that? I mean, in the most simple explanation, fiat has caused that.

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You have a lot of different cultures coming into the U.S.

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and not being expected to assimilate into American culture.

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And, yeah, I don't know. Why do you guys think that etiquette and decorum has broken down in the U.S.?

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I love that. I didn't think you were going to go that direction because this started so jokish.

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Like, I wear shorts in an airplane. No, that's 100% true.

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And I struggle to find a better explanation than fiat.

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Because, OK, fiat lowers your time preferences or fiat heightens your time preferences,

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brings all of your choices forward, and therefore you make choices in the moment, in the day.

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Like literally, I'm wearing a T-shirt right now. Anton, you're wearing a T-shirt.

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A T-shirt solves the problem of something to wear.

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But etiquette and decorum would say this is just underwear.

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And it was just underwear until 1913, the same year the Federal Reserve was founded.

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Right? It's like, literally, you would never wear just a T-shirt in public, ever.

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And it's the same thing. Like, whoa, why? I struggle to find a better solution than fiat.

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Like, what other thing could be causing all of this?

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Oh, it's because men, like, forgot about God.

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And you're like, no, we didn't really forget about God.

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Like, everyone still believes in God. And you can, like, look at the statistics on that.

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And it's like, sure, churches are falling apart, but belief in God is not.

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And you're like, OK.

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Like, people will give other answers, like, it's pop culture. Pop culture's doing this.

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Like, it's the, you know, whoever's controlling Hollywood.

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And it's like, well, no, they're just beholden to the money, so that doesn't work.

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That's like, that just points right back to fiat time preferences.

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I don't know. J.D., what do you think?

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Did we get you on? Oh, we got you on mute still.

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What is that for me?

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Did you re-mute yourself?

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OK, start over from the top.

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Am I muted now?

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Yeah, the great part about this is, like, every five seconds I lose one of you.

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And so I'll see one of your face and not hear you.

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I just see you reacting to the other person.

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But the top line, I think you were saying, or what I did get is, like,

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what is the biggest problem in the world? And it's fiat.

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And why aren't we solving that problem?

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It's because we've been born into this understanding that we can't.

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Like, fiat is the base layer of understanding for most people.

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Most people believe that you will never be able to solve the fiat problem

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because the fiat problem is the bedrock of their understanding for how all things work.

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And until you completely change your paradigm of money, until you can really –

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it's not even money.

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If you want to solve the biggest problem in the world,

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you need to change the paradigm of value in your life.

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Because right now, the way the world works right now is value is the U.S. dollar.

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Value is fiat because the U.S. dollar has no value outside of what, you know,

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one government says that it is, and they just bag it up with a money printer

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and, you know, excessive military force that they will just ad nauseum throw at you.

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And so until we can get the entire world to look at value and look at time

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as the measure of value and realize, hey, we need to have our time measured

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in something that can't be devalued out from under us, I think nothing's going to change.

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Yeah, it's like pants on an airplane, or rather shorts on an airplane, or T-shirts in public.

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The Italians still dress really nicely.

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But the problem the Italians have is even though –

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actually, I'd say most Europeans have –

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even though they have a comfortable understanding of how, like, time should be spent,

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they take passeggiata, they take a little bit of time to actually enjoy things,

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they're suffocating and they're not actually experiencing true opportunity

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because the way that their economies are still valued is fiat.

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And so until you can change that, you're stuck, just like everyone else.

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And so everyone needs to change their understanding of value from fiat to real, hard, tangible things.

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And until that happens, we're going to be stuck in this infinite loop of stupidity.

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Yeah.

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One thing that comes to mind when you say that is this idea that we all essentially have –

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I mean, everyone knows this.

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We all have a different worldview just because we have different eyes that are at different locations.

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Like, we view the world differently.

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Now, we can have a lot of overlap in that worldview, but we view the world just a little bit differently.

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And one of the difficulties of solving big problems, the big problem like this, is –

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Anton, like, you're passionate about, like, not cussing.

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I'm like, that's awesome. I love it.

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I'm passionate about, like, at this point, pop music is –

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like, one of the things that just comes to mind for me is, like, it's just anathema.

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It's, like, the worst possible thing you could consume.

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And I'm like, I don't know if you share that view or not, but it's just like some –

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it's like cussing, fine, whatever.

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Wearing T-shirts, I'm like, usually against wearing T-shirts, but, like, the Italians, they will dress well, right?

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They'll eat well, but then they'll have these really not-so-good problems as J.D. just elaborated on.

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We all have these different kind of, like, manifestations about what we care about and what we think is good.

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And then we're all missing each other on the bigger issue that's really, like, motivating all of the stuff.

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Like, how do you solve the problem of pop music?

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Well, fiat. You have to end fiat.

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How do you solve the problem of war? Fiat. You have to end fiat.

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How do you solve the problem of getting people to actually care about the words that come out of their mouth?

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Tactfulness. How do you do that?

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You've got to lower people's time preference and have them think and process speech appropriately.

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The biggest problem in the world right now is that we are all being extracted a hidden tax of inflation by money printing.

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The money printer is controlled by an evil elite class of people who stand at the very front of the spigot and get the original printed money,

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put it into their own assets, and have their wealth continuously increase while the whole rest of the world just suffers the effects of inflation

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and gets penalized by what is essentially a mob that is making them pay.

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What's it called when you have a bar and the mob comes and says,

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if you don't pay to operate your bar, we're going to burn the place down? There's a word for it.

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It's insurance money, but it's like forced insurance or something.

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That's essentially what paying taxes are. If you don't pay your taxes, you go to prison and the taxes don't do anything.

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In the US, the money printer prints more money than the government collects in tax revenue,

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and they can print as much money as they want.

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The people who print can then go and take that printed money and put it in anything that they want to.

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I was being asked this the other day because I was explaining this to somebody, and they were like,

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well, there's no solution for that. That's just the most depressing thing that I've ever heard.

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And there is a solution. It's the most simple solution. The solution is Bitcoin.

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The word is protection racket. Just have a look at it.

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What's the biggest problem in the world?

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Communicating that fiat is the biggest problem in the world.

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It's like, how do you even begin to break people's minds?

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I had a conversation with a guy online today that was like,

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somebody was saying, fiat will never go away, Bitcoin will never fix it, never take over.

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And I'm like, I literally use Bitcoin. Fiat for me is just rails. I literally use Bitcoin for everything that I do.

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It's how I live and support myself, right?

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And they're basically saying, no, it'll never work. There's no way.

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What you're arguing for, I'm like, I literally am doing this today.

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Bitcoin is the car in the age of horses.

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And the guy's like, nah, Bitcoin is the zebra in the age of horses.

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And I'm like, you're just lost, bro.

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How do you communicate? How do you jump this problem? How do you do the communication problem?

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This is a job for JD, because this is specifically what JD is trained and gets paid to do,

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is communicate and market and advertise and break people's minds about pushing a product out there, pushing an idea forward.

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So, JD, how do you solve this problem?

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In the world, when communicating, something has value is making it actually hurt.

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And what I mean by that is the only way to solve the problem of broken money is to make people feel pain.

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People will move towards things that give them pleasure, but they will feel visceral, just hatred and immediate need for action if they feel pain.

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Like pleasure is a vice, pain is a mover.

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And so if you want to solve the most potent problem in the world, you need it to get worse.

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You need it to get worse.

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And so what we need to see and what we, like, unfortunately have to have happen is that, you know, good men make good times and, you know, hard men make, you know, bad times.

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And we kind of need those bad times to come to make good men again.

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And it's unfortunate, but the answer to the question of how do you solve the biggest problem in the world is you make people hate it.

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And so my personal thing right now is, as you like to say, Bond or Accelerate, I'm actually very excited about the America Party because I think it's going to break everything.

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I think it's the first time ever that the fiat state has had a third-party actor with some excitement and momentum, and they're actually afraid for the first time ever.

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Like the vitriol from both sides is actually what's making me really excited.

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It's like, how do you solve the two-party system?

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You put a really big champion who everybody hates on the top of it under Elon Musk.

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America is going to be on one wild ride for the next six years.

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I wouldn't have agreed with you a day ago because there have been so many billionaires that have started third parties.

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And then this whole thing where they've just dropped pursuing anything having to do with Epstein, and they just said, you know what, no victims here.

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We arrested him.

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He killed himself.

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He actually was probably innocent.

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And so was Ghislaine Maxwell.

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And let's just forget about it.

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There were no elites running a pedophile sex ring.

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Now that that's all happened, I'm kind of in the mode of screw it, burn it all to the ground.

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We need a new third party.

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So I'm with you.

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Don't Believe Your Lying Eyes has been a very consistent refrain for the last 20 years.

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And we're finally at a point where people are just like, I think I'm going to because we know everything else is getting fake with AI.

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So I feel like I got to believe something.

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So to push back on it a little bit.

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I mean, I agree with you.

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It's got to get worse, right?

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Like you have people have to experience pain like the guy riding the horse is going to get smoked by the guy right in the car.

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And that's going to be a visceral like, oh, I'm out of business, right?

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I can't get there in time.

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OK, so but how do you make people feel pain in a fiat world where they can just print more money?

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The containers get close access.

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And then they've also established these systems like the whole welfare state establishment and welfare cliff.

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Which actually puts the people at the lowest end of the system closer to the money printer than the people in the middle of the system.

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So they print more money, they'll just give it to the welfare state.

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Hey, you know, the people like the proletariat is essentially just bought and paid for.

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Right.

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So how do you make people in the fiat world feel pain to solve the problem of fiat to get everybody on Bitcoin?

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Yeah, the lowest people are literally incentivized to not work.

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And the people who never understand Bitcoin.

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Yeah.

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The people who are somewhat in the middle are there in the rat race.

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They're on the constant wheel of just trying to survive and they can never, ever get ahead.

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And actually, their quality of life degrades over time.

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They're they're punished for doing the right things, which just makes people want to just join the ranks of the lower class because they have no chance of getting to the elite class.

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It's super twisted and it's going to break down.

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It's just when is it going to break down?

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Sorry, I kind of interrupted your point, but.

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That's it.

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J.D., how would you how would you make people on fiat feel the pain of being on fiat in comparison to what what else is out there?

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How do you make the lower class feel more pain so that way they solve the problems that they have?

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And the upper class.

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Unfortunately, the answer is.

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Oh, sorry.

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And the contillionaires.

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I think maybe the other way to do it is, again, this is going to be an unpopular opinion.

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This is probably going to be the most unpopular thing I'm going to say on this.

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But like, how do you make the poor feel more poor?

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And the answer is you can't.

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There is no level of rock bottom that will universally make somebody move.

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And so the only answer to the how do you make somebody actually feel pain is you can't.

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The only thing you can do is try to make them aware of pain that they're feeling.

00:20:37.000 --> 00:20:39.000
And the only way you can do that is storytelling.

00:20:40.000 --> 00:20:43.000
The most powerful tool we have is narrative.

00:20:43.000 --> 00:20:46.000
That is why we orient ourselves in tribes.

00:20:46.000 --> 00:20:48.000
That is why we do stuff like this.

00:20:49.000 --> 00:20:58.000
The uniqueness of the human narrative and story is unlike apes and chimpanzees and orangutans.

00:20:59.000 --> 00:21:07.000
We have a story ethic that actually transcends the bifurcation of our species.

00:21:08.000 --> 00:21:13.000
Whether you're from Latin America or you're from the United States or you're from Russia or you're from Asia.

00:21:14.000 --> 00:21:26.000
Story and myth have a ubiquity in the human psyche that doesn't exist in any other species in existence as far as we're aware.

00:21:27.000 --> 00:21:36.000
And so I think the most powerful thing we can do, if you really want to change the world, learn how to tell a good story.

00:21:36.000 --> 00:21:53.000
If you can very quickly sum up why something hurts or why something is pleasurable or why something should be desired, you can move people closer to it or away from it.

00:21:54.000 --> 00:21:57.000
And until you can do that, you can do nothing.

00:21:58.000 --> 00:22:02.000
And so I think how do you solve the biggest problems in the world? Learn to tell stories.

00:22:03.000 --> 00:22:11.000
So, Anton, you and you and me both, I mean, we were we've been friends on Facebook for it's got to be like a decade or so.

00:22:12.000 --> 00:22:18.000
We've been trying to tell people about Bitcoin for who knows how long on on Facebook, trying to tell these stories.

00:22:19.000 --> 00:22:25.000
Right. Like, I don't know about you, but I don't feel like I was very successful in that endeavor.

00:22:26.000 --> 00:22:37.000
Well, you did the exact opposite. You tried to get every single person not worthy of it to unfollow you on Facebook for a decade.

00:22:38.000 --> 00:22:40.000
Success. Yeah.

00:22:42.000 --> 00:22:46.000
But OK, so the follow up question is, how do you tell the story correctly?

00:22:47.000 --> 00:22:51.000
Because, JD, I love it. I think you're 100 percent on story is the key.

00:22:52.000 --> 00:22:55.000
Narrative is the key. How do we tell the right narrative?

00:22:56.000 --> 00:23:07.000
How do we tell the right story that breaks this like these unbelievably ridiculous connections in people's minds to get them thinking correctly about the nature of reality and the nature of the world?

00:23:08.000 --> 00:23:15.000
Practically, it's not like you don't even have to jump through these like spiritual hoops like evangelism, like as you do.

00:23:16.000 --> 00:23:19.000
Like this is this is very practical.

00:23:20.000 --> 00:23:23.000
What's the practical story that we can tell people?

00:23:24.000 --> 00:23:29.000
And how do we tell it? I love it.

00:23:29.000 --> 00:23:34.000
And I'm sorry. I'm sorry.

00:23:37.000 --> 00:23:39.000
I'd love to tee this up and have you run with it. Sure.

00:23:39.000 --> 00:23:40.000
Sure.

00:23:43.000 --> 00:23:49.000
The way you get people to do something is you pick an emotion like story is all about emotion.

00:23:50.000 --> 00:24:00.000
And so I'd be curious, you're taking it and like how you break a dock or how you break down your storytelling process like and actually even more specifically, though, an emotion for an audience for a who.

00:24:01.000 --> 00:24:02.000
Like, how do you kind of go to that?

00:24:02.000 --> 00:24:11.000
How do you kind of go to that? Because, you know, everything I do from a marketing perspective, the first question I ask is who am I talking to and why am I talking to them?

00:24:12.000 --> 00:24:20.000
Because until I have that answer to who, you know, the way I would talk to a king is different than the way I would talk to a slave.

00:24:20.000 --> 00:24:23.000
And I'm using that as a very stark contrast.

00:24:24.000 --> 00:24:35.000
But it's like talking to somebody who's in bondage versus somebody who imbues, you know, their own ethic on the world are two completely different methods of communication.

00:24:36.000 --> 00:24:40.000
There are similarities, like they both understand pain and happiness and joy and pleasure.

00:24:40.000 --> 00:24:42.000
But how you package it is a little different.

00:24:42.000 --> 00:24:50.000
Like, how do you kind of solve the problem of pain or the problem of storytelling and your way of, you know, communicating?

00:24:53.000 --> 00:25:02.000
One of the biggest problems in the world is that people don't believe in themselves and they don't tell good stories about themselves.

00:25:03.000 --> 00:25:10.000
People tend to be jealous of the people around them.

00:25:11.000 --> 00:25:18.000
They're always looking around at the things that they don't have, comparing themselves to other people, and they're not satisfied with what they have.

00:25:19.000 --> 00:25:30.000
In the context of good storytelling, there are universal truths or there is a universal truth and there are archetypes for storytelling.

00:25:31.000 --> 00:25:41.000
And so as a storyteller, you need to be true to the archetypes of storytelling.

00:25:42.000 --> 00:25:48.000
But when it comes to you as a storyteller, your experience is unique.

00:25:49.000 --> 00:25:54.000
So if you tell stories from your own experience, you have a good story to tell.

00:25:55.000 --> 00:25:57.000
So you have to believe in yourself.

00:25:57.000 --> 00:26:05.000
You have to give yourself credit and tell yourself that you are capable of really incredible things.

00:26:06.000 --> 00:26:15.000
I personally believe, and I think this goes into what I was saying about the loss of values, the loss of etiquette in the United States.

00:26:16.000 --> 00:26:20.000
People don't believe that they can be in shape.

00:26:21.000 --> 00:26:24.000
People don't believe that other people are going to like them.

00:26:24.000 --> 00:26:32.000
And so they have this anger and this jealousy and they don't strive for great things personally.

00:26:33.000 --> 00:26:43.000
And then they have these false stories that if they just got lucky or if they didn't get unlucky with some circumstance or somebody else got lucky.

00:26:44.000 --> 00:26:46.000
And as Bitcoiners, this is something that we all face.

00:26:47.000 --> 00:27:00.000
We know the hard work that we put into getting Bitcoin, understanding Bitcoin, the years that we've put into studying Bitcoin and fostering relationships with other Bitcoiners.

00:27:01.000 --> 00:27:06.000
And then let's say that the price of Bitcoin all of a sudden went to a million dollars and your friends knew that you had Bitcoin.

00:27:07.000 --> 00:27:10.000
And they would say Bondor got so lucky or JD got so lucky.

00:27:11.000 --> 00:27:21.000
If you can just understand that you are capable of great things yourself, you won't be looking at other people.

00:27:22.000 --> 00:27:23.000
You'll be happy for your friends.

00:27:24.000 --> 00:27:28.000
And in the context of storytelling, you have a great story to tell already.

00:27:29.000 --> 00:27:34.000
You just have to believe in yourself, have a vision for yourself, tell a great story about yourself first.

00:27:35.000 --> 00:27:39.000
And then you will be able to share a great story and it will make you attractive to other people.

00:27:40.000 --> 00:27:46.000
I'd like to hear JD's take on this.

00:27:47.000 --> 00:28:02.000
How do you tell this story about fiat, about Bitcoin to somebody who just doesn't want to hear it, doesn't care, doesn't, you know, is looking, is a horse owner entering a world of cars?

00:28:02.000 --> 00:28:14.000
You will never solve the problem of how much you are worth until you tell yourself you can.

00:28:15.000 --> 00:28:25.000
Until you tell yourself you are capable or you are worthy of whatever it is you are doing or that you will succeed, you will always fail.

00:28:26.000 --> 00:28:28.000
And that goes with your savings.

00:28:29.000 --> 00:28:31.000
That goes with how you plan for retirement.

00:28:32.000 --> 00:28:35.000
If you tell yourself you're going to have no money for retirement, you're absolutely right.

00:28:36.000 --> 00:28:38.000
You're going to spend and you're not going to actually take yourself back.

00:28:39.000 --> 00:28:41.000
What you tell yourself is what your subconscious does.

00:28:42.000 --> 00:28:44.000
You always find what you're looking for.

00:28:45.000 --> 00:28:47.000
So you know what the biggest problem in the world is?

00:28:48.000 --> 00:28:50.000
Most people don't lie to themselves enough.

00:28:51.000 --> 00:28:52.000
Most people tell themselves they're fat.

00:28:52.000 --> 00:28:53.000
Most people tell themselves that they're stupid.

00:28:54.000 --> 00:28:55.000
Most people tell themselves that they're unlucky.

00:28:56.000 --> 00:28:57.000
You know what?

00:28:58.000 --> 00:28:59.000
You will be.

00:29:00.000 --> 00:29:03.000
Because at the end of the day, you find what you're looking for.

00:29:04.000 --> 00:29:06.000
Sometimes you do have to lie to yourself.

00:29:07.000 --> 00:29:09.000
And lying to yourself a little bit is actually not bad.

00:29:10.000 --> 00:29:13.000
Lying to yourself to tell yourself that I can get in shape, even if you might not believe it a little bit.

00:29:14.000 --> 00:29:19.000
Lying to yourself to tell yourself I can save that extra money, even when you know you have a little bit of a spending problem.

00:29:19.000 --> 00:29:23.000
But if you start moving yourself in that direction, that's how you solve that problem.

00:29:24.000 --> 00:29:33.000
And so solving the problem of fiat starts with the first thing of maybe I can trust Bitcoin a little bit, even if you don't trust it completely.

00:29:34.000 --> 00:29:35.000
But just lying to yourself a little bit.

00:29:36.000 --> 00:29:41.000
Because then you'll go search and you'll think, okay, well, if I am going to trust it, why?

00:29:42.000 --> 00:29:46.000
And that, as soon as you ask your first question, that is when you can win.

00:29:46.000 --> 00:29:49.000
You will never win until you get to your first unanswered question.

00:29:50.000 --> 00:29:52.000
And at that point in time, the race is on.

00:29:54.000 --> 00:30:02.000
This is a great episode of the show Radiolab from probably 2009 or 2010 called Deception.

00:30:03.000 --> 00:30:07.000
And it's a great episode for many reasons.

00:30:07.000 --> 00:30:09.000
It's a great episode for many reasons.

00:30:10.000 --> 00:30:14.000
But one of the things that they go into in it is they talk to Olympic athletes.

00:30:15.000 --> 00:30:19.000
And the Olympic athletes tell themselves, I am the greatest runner in the world.

00:30:20.000 --> 00:30:22.000
I am the greatest person at this sport in the world.

00:30:23.000 --> 00:30:30.000
While they essentially deceive themselves into believing that they are capable of incredible athletic achievements.

00:30:31.000 --> 00:30:32.000
And then they're able to actually do them.

00:30:32.000 --> 00:30:34.000
I mean, at that point, it's not deceiving yourself, right?

00:30:35.000 --> 00:30:39.000
Even in that, there's got to be a better way to frame it.

00:30:40.000 --> 00:30:41.000
Just lie to yourself, bro.

00:30:42.000 --> 00:30:43.000
It's good.

00:30:44.000 --> 00:30:45.000
You're not in debt.

00:30:46.000 --> 00:30:47.000
You're not in debt.

00:30:48.000 --> 00:30:49.000
You're fine.

00:30:50.000 --> 00:30:52.000
I think that's a good, that's a wise reframe.

00:30:53.000 --> 00:31:00.000
So I think maybe the better way to frame this is one of the biggest problems in the world is people don't take enough chances.

00:31:00.000 --> 00:31:03.000
People don't take enough chances in how they talk to themselves.

00:31:04.000 --> 00:31:07.000
People don't dare themselves to be better.

00:31:08.000 --> 00:31:09.000
They don't dare themselves to be skinny.

00:31:10.000 --> 00:31:11.000
They don't dare themselves to do some research.

00:31:12.000 --> 00:31:14.000
They don't dare themselves to do that big audacious thing.

00:31:15.000 --> 00:31:16.000
And that's what you should do.

00:31:17.000 --> 00:31:19.000
Because that's what elite athletes do, is they dare themselves to be better.

00:31:20.000 --> 00:31:21.000
They dare themselves to be the best in the world.

00:31:22.000 --> 00:31:24.000
They dare themselves and they dare their friends to be better.

00:31:25.000 --> 00:31:31.000
The biggest problem in the world is one dare to yourself away from being solved.

00:31:34.000 --> 00:31:37.000
I did phrase it as believe in yourself, not lie to yourself.

00:31:38.000 --> 00:31:39.000
J.D. to the end.

00:31:41.000 --> 00:31:42.000
That was a little more negative.

00:31:45.000 --> 00:31:48.000
Okay, so I feel like there's some progress here.

00:31:49.000 --> 00:31:53.000
Now, again, there's another problem.

00:31:54.000 --> 00:31:57.000
How do you frame this?

00:31:58.000 --> 00:32:00.000
You're like, oh, okay, believe in yourself, believe in yourself.

00:32:01.000 --> 00:32:07.000
Well, the reason I don't believe in myself is because every time I try and do something, it just gets harder and harder.

00:32:08.000 --> 00:32:14.000
I got this new job, but then they didn't give me a pay raise, but the cost of living is going up, and so I'm not making enough money.

00:32:15.000 --> 00:32:18.000
That's just a fiat problem all over again.

00:32:19.000 --> 00:32:22.000
We're back in the same treadmill of trying to solve the problem.

00:32:22.000 --> 00:32:28.000
Now, maybe this is just me in my own head being like, bro, you're not thinking about it right.

00:32:29.000 --> 00:32:32.000
You got to believe in yourself and take a dare and try and think about it better.

00:32:33.000 --> 00:32:38.000
But man, how do we get over the hoop?

00:32:39.000 --> 00:32:51.000
Because as we were describing earlier, all the problems that we can see in the world have some input, which is money input,

00:32:52.000 --> 00:32:57.000
which pollutes the nature, pollutes the well, pollutes the nature of how we can go about solving these problems,

00:32:58.000 --> 00:33:05.000
including our own self-talk about what we think we're capable of doing, right?

00:33:06.000 --> 00:33:11.000
So how do you jump through that quagmire?

00:33:12.000 --> 00:33:15.000
Memento mori.

00:33:16.000 --> 00:33:19.000
Remember that you're going to die.

00:33:19.000 --> 00:33:24.000
Money locks up time.

00:33:25.000 --> 00:33:29.000
It is time put into a physical form.

00:33:30.000 --> 00:33:34.000
That said, you're still going to die one day.

00:33:35.000 --> 00:33:41.000
So remembering that you're going to die gives you an appreciation for what you have in the present,

00:33:42.000 --> 00:33:47.000
and it gives you, if you frame it in the right way, a gratitude for what you have.

00:33:47.000 --> 00:33:52.000
You can visualize success for yourself and you can come up against roadblocks.

00:33:53.000 --> 00:33:57.000
Or in the Christian framework, I like to think of seasons in life.

00:33:58.000 --> 00:34:03.000
There's four seasons in the year, and autumn is great.

00:34:04.000 --> 00:34:12.000
But when it slides into winter and you get that horrible weather time period and it just gets old after a while, it's getting dark all the time,

00:34:13.000 --> 00:34:16.000
it can seem like it's going on forever.

00:34:17.000 --> 00:34:20.000
And then you might get a little bit of spring going on and then it gets dark.

00:34:21.000 --> 00:34:23.000
It's stormy and nasty again.

00:34:24.000 --> 00:34:25.000
Is winter ever going to end?

00:34:26.000 --> 00:34:28.000
And then there's a new season.

00:34:29.000 --> 00:34:32.000
However, you're going to die at some point in your life.

00:34:33.000 --> 00:34:39.000
And so at some point, if you have time locked up in money, you also have to spend the money.

00:34:39.000 --> 00:34:41.000
And so it is a balance in life.

00:34:42.000 --> 00:34:50.000
And the way that you learn how to do that balance is by pursuing wisdom, which is its own reward.

00:34:51.000 --> 00:34:54.000
But it also takes a lot of hard work and discipline.

00:34:56.000 --> 00:35:01.000
So just remember that you're going to die and it will give you a greater appreciation for the time you have.

00:35:02.000 --> 00:35:12.000
This reminds me of one of Tony Robbins' truisms or one of the phrases he says a lot, which is,

00:35:13.000 --> 00:35:15.000
life doesn't happen to you.

00:35:16.000 --> 00:35:18.000
Life happens for you.

00:35:19.000 --> 00:35:25.000
And in the changing and the reframing of your perspective on your life, you could have,

00:35:26.000 --> 00:35:27.000
it's the worst day of my life.

00:35:27.000 --> 00:35:28.000
It's the worst day of my life.

00:35:29.000 --> 00:35:31.000
Life is just completely dumping on me today.

00:35:32.000 --> 00:35:37.000
Or that's the life is happening to you perspective.

00:35:38.000 --> 00:35:39.000
It's the worst day of my life, right?

00:35:40.000 --> 00:35:43.000
Or life is happening for you perspective.

00:35:44.000 --> 00:35:45.000
This is a challenge.

00:35:46.000 --> 00:35:47.000
The Jocko Willink thing.

00:35:48.000 --> 00:35:49.000
Good.

00:35:49.000 --> 00:35:50.000
This is the worst day of my life?

00:35:50.000 --> 00:35:51.000
Good.

00:35:51.000 --> 00:35:57.000
It's time to reload, to put together a better plan.

00:35:58.000 --> 00:36:01.000
It's a time to think about what went wrong and fix it.

00:36:02.000 --> 00:36:05.000
It's a time to re-engage, renegotiate.

00:36:06.000 --> 00:36:10.000
Do the things that you think you couldn't do because it's the worst day of your life.

00:36:11.000 --> 00:36:12.000
It can't get worse than this.

00:36:13.000 --> 00:36:16.000
So you're free to make choices and do things that you wouldn't otherwise do.

00:36:22.000 --> 00:36:23.000
Anything you want to add, J.D.?

00:36:27.000 --> 00:36:32.000
Sorry, I got a phone call and then it was, the service here is wildly terrible.

00:36:33.000 --> 00:36:35.000
To the whole world and to you guys.

00:36:40.000 --> 00:36:45.000
Yeah, the, I had a verse a second ago.

00:36:46.000 --> 00:36:53.000
But I think the most important thing you can do is remember that you're going to die.

00:36:54.000 --> 00:36:57.000
That is the most important thing you can do for yourself.

00:36:58.000 --> 00:37:05.000
Because if you remember, recognize, you acknowledge that you do not have infinite time,

00:37:06.000 --> 00:37:08.000
you will hopefully be spurred on to action.

00:37:08.000 --> 00:37:12.000
And so I think that's the greatest gift you can give to yourself,

00:37:13.000 --> 00:37:17.000
is remembering that you only have so much time and effort you can give to everyone you love and to yourself.

00:37:18.000 --> 00:37:19.000
And so don't squander it.

00:37:20.000 --> 00:37:25.000
And in not squandering it, remember that you are trading it every day for something.

00:37:26.000 --> 00:37:29.000
You could be trading for pleasure or you could be trading it for value.

00:37:30.000 --> 00:37:35.000
And if you are trading it for value, try and gain an understanding of what is the bedrock of that value.

00:37:35.000 --> 00:37:38.000
Because if the bedrock of that value is something they call fiat,

00:37:39.000 --> 00:37:47.000
which means it is a value that is derived out of something that is printed or created out of thin air by someone else,

00:37:48.000 --> 00:37:49.000
you're actually trading it for nothing.

00:37:50.000 --> 00:37:56.000
And so it might be a good idea to learn what fiat is and try to get something that isn't fiat.

00:37:57.000 --> 00:37:59.000
Because it'll be better for you and everyone else.

00:38:00.000 --> 00:38:02.000
Yeah, that's the Jack Muller's thing, right?

00:38:03.000 --> 00:38:10.000
Like, don't spend your time working for something that another man can just print with a button.

00:38:11.000 --> 00:38:11.000


00:38:13.000 --> 00:38:14.000
Anton, you had some?

00:38:15.000 --> 00:38:18.000
I'm thankful that we have Bitcoin.

00:38:18.000 --> 00:38:25.000
There's a risk involved with putting your time and your effort into Bitcoin.

00:38:26.000 --> 00:38:27.000
And time's not infinite.

00:38:28.000 --> 00:38:34.000
There's ways that you can frame it in your mind, like going to the Jocko Willink good thing.

00:38:35.000 --> 00:38:40.000
Let's say that the price of Bitcoin is $1.

00:38:40.000 --> 00:38:44.000
There's ways that you can frame it in your mind, like going to the Jocko Willink good thing.

00:38:45.000 --> 00:38:56.000
Let's say that the price of Bitcoin were to fall and the price drops 25% tomorrow.

00:38:57.000 --> 00:38:59.000
And you hoped it just went up forever.

00:39:00.000 --> 00:39:02.000
Well, you could be disappointed.

00:39:03.000 --> 00:39:04.000
I just lost 25% of my money.

00:39:05.000 --> 00:39:13.000
If your belief is strong enough that Bitcoin is valuable and you know that fiat is just eroding over time,

00:39:14.000 --> 00:39:21.000
and it's a one-way street to zero for fiat, that gives you more time to work.

00:39:22.000 --> 00:39:26.000
You're going to get paid in fiat and to take that fiat and buy Bitcoin at a discount.

00:39:27.000 --> 00:39:33.000
But your belief has to be pretty strong that Bitcoin is actually going to be worth more in the future.

00:39:34.000 --> 00:39:41.000
Otherwise, if you haven't framed it correctly in your mind, you are going to be disappointed.

00:39:42.000 --> 00:39:43.000
You're going to be depressed.

00:39:44.000 --> 00:39:46.000
And so many things in life are that way.

00:39:47.000 --> 00:39:51.000
If you have wisdom, if you've put in the work to know what you truly believe,

00:39:52.000 --> 00:39:58.000
then you will not be as disappointed when there's little bumps in the road.

00:39:59.000 --> 00:40:02.000
You can actually look at them as opportunities or as learning experiences.

00:40:02.000 --> 00:40:07.000
But you have to make the decision to have that perspective ahead of time.

00:40:08.000 --> 00:40:13.000
And a lot of people don't make that decision as life is happening to them.

00:40:14.000 --> 00:40:15.000
If something good happens, they're happy.

00:40:16.000 --> 00:40:17.000
If something bad happens, they're sad.

00:40:18.000 --> 00:40:20.000
And they have this negative outlook.

00:40:21.000 --> 00:40:26.000
And so things get weighted to the depressing, disappointed side.

00:40:27.000 --> 00:40:33.000
And people, as they get older, some people just get more and more pessimistic and grumpy and disgruntled.

00:40:34.000 --> 00:40:40.000
And then some people, those rare people, their joy actually increases as their wisdom increases,

00:40:41.000 --> 00:40:43.000
even though they're getting older and getting closer to death.

00:40:44.000 --> 00:40:50.000
Personally, I want to be more like the person who, as I get older, my joy and my peace increases.

00:40:51.000 --> 00:40:52.000
And that is a choice.

00:40:57.000 --> 00:40:58.000
The greatest...

00:41:03.000 --> 00:41:08.000
The biggest problem in the world is people remaining ignorant

00:41:09.000 --> 00:41:14.000
when they know they can take the time to educate themselves so they don't fall for everything.

00:41:15.000 --> 00:41:17.000
Maybe there's a better way to say that is...

00:41:17.000 --> 00:41:22.000
If something doesn't feel right, and you don't try and rectify it, you are at fault.

00:41:24.000 --> 00:41:28.000
And I think that's one of the biggest problems in the world is people feel like everything is off.

00:41:29.000 --> 00:41:36.000
People feel that everything is just not right when it comes to their money.

00:41:37.000 --> 00:41:38.000
They feel that the stock market is manipulated.

00:41:39.000 --> 00:41:41.000
They feel that they're being manipulated.

00:41:41.000 --> 00:41:44.000
They feel that everything is just not right when it comes to their money.

00:41:45.000 --> 00:41:46.000
They feel that the stock market is manipulated.

00:41:47.000 --> 00:41:49.000
They feel that they're not earning enough interest on their bank account.

00:41:50.000 --> 00:41:51.000
They feel that interest rates are high.

00:41:52.000 --> 00:41:56.000
They feel that the real estate market is upside down.

00:41:57.000 --> 00:41:58.000
And what they're feeling is true.

00:41:59.000 --> 00:42:00.000
What they're feeling is correct.

00:42:01.000 --> 00:42:02.000
But what they keep being told by the media is,

00:42:03.000 --> 00:42:04.000
Oh, everything's fine. Everything's fine. Everything's fine.

00:42:05.000 --> 00:42:06.000
They keep being told by their president is everything's fine.

00:42:07.000 --> 00:42:08.000
They keep being told by their brokers and their investment bankers is,

00:42:09.000 --> 00:42:10.000
Oh, everything's fine.

00:42:11.000 --> 00:42:12.000
Everything's fine.

00:42:13.000 --> 00:42:14.000
Nothing has been fine since 1913 when they got the Federal Reserve.

00:42:15.000 --> 00:42:18.000
And everything's been even worse since 1971 when they got off the gold standard.

00:42:19.000 --> 00:42:21.000
The house is on fire.

00:42:22.000 --> 00:42:23.000
Everybody can feel it. Everybody can smell it.

00:42:24.000 --> 00:42:28.000
But the problem is the media and everybody else is telling you to go back to sleep.

00:42:29.000 --> 00:42:32.000
And if you do that, you're going to burn down in this house.

00:42:33.000 --> 00:42:34.000
And you will be the only one to blame.

00:42:35.000 --> 00:42:40.000
So it's probably a good idea for you to figure out what's going on and why.

00:42:41.000 --> 00:42:44.000
Because if you don't, you are the only one to blame.

00:42:47.000 --> 00:42:49.000
Like Bondor says, the move is to attack.

00:42:50.000 --> 00:42:55.000
And when it comes to wearing shorts on an airplane,

00:42:56.000 --> 00:42:58.000
trimming your fingernails, picking up litter,

00:42:59.000 --> 00:43:02.000
not getting drunk and cussing in front of children in a restaurant,

00:43:03.000 --> 00:43:04.000
you can't control what other people do.

00:43:05.000 --> 00:43:08.000
You can't control that society is breaking down around you.

00:43:08.000 --> 00:43:10.000
You cannot make other people behave.

00:43:11.000 --> 00:43:14.000
But what you can do is you can make a choice in your own life

00:43:15.000 --> 00:43:17.000
to live in the best way possible,

00:43:18.000 --> 00:43:21.000
the way that you know is the way that you should be living.

00:43:22.000 --> 00:43:24.000
And you can do the same thing financially

00:43:25.000 --> 00:43:28.000
by learning about Bitcoin, investing in Bitcoin,

00:43:29.000 --> 00:43:30.000
even if nobody else does it.

00:43:31.000 --> 00:43:33.000
You can choose to do it yourself.

00:43:33.000 --> 00:43:37.000
So that is the way that you solve the world's problems.

00:43:38.000 --> 00:43:39.000
You don't solve them for everybody else.

00:43:40.000 --> 00:43:41.000
You solve them for yourself.

00:43:42.000 --> 00:43:43.000
Yeah.

00:43:44.000 --> 00:43:47.000
When I have these conversations online,

00:43:48.000 --> 00:43:53.000
it's like you see these people appealing to politics.

00:43:54.000 --> 00:43:55.000
Well, Trump will be able to fix this for us.

00:43:56.000 --> 00:43:57.000
So-and-so will be able to fix this for us.

00:43:58.000 --> 00:44:00.000
As long as we can just vote, as long as we can just do this or that.

00:44:00.000 --> 00:44:04.000
The other thing like that will never solve the problem.

00:44:05.000 --> 00:44:07.000
The biggest problem in the world in many ways

00:44:08.000 --> 00:44:10.000
is just thinking that you don't have to take responsibility

00:44:11.000 --> 00:44:14.000
for the actions that affect your life.

00:44:15.000 --> 00:44:17.000
And the thing with Bitcoin and the thing with fiat

00:44:18.000 --> 00:44:20.000
is that so many things in your life are affected by money.

00:44:21.000 --> 00:44:25.000
And when the money is devaluing, your life is devalued.

00:44:26.000 --> 00:44:28.000
So you personally right now today,

00:44:28.000 --> 00:44:30.000
you don't have to wait for a politician to say it's okay.

00:44:31.000 --> 00:44:32.000
You don't have to vote. You don't have to do anything.

00:44:33.000 --> 00:44:35.000
You can just convert your entire life into Bitcoin

00:44:36.000 --> 00:44:39.000
and just stop having that problem.

00:44:40.000 --> 00:44:44.000
Yeah, we're all waiting for the world to go on a Bitcoin standard.

00:44:45.000 --> 00:44:50.000
But what you can do right now is you can go on a personal Bitcoin standard.

00:44:51.000 --> 00:44:52.000
You have the ability to do that.

00:44:53.000 --> 00:44:56.000
It's amazing because I know for a fact that you have been living that way.

00:44:56.000 --> 00:45:00.000
And so many people are debating the future

00:45:01.000 --> 00:45:06.000
and not realizing that they can be living in the future for themselves.

00:45:07.000 --> 00:45:09.000
They don't have to wait for everybody else to do it.

00:45:10.000 --> 00:45:11.000
It's a mindset.

00:45:12.000 --> 00:45:15.000
We are living in a world that's dominated by horses.

00:45:16.000 --> 00:45:19.000
And you can go buy a car right now very cheap, right?

00:45:20.000 --> 00:45:22.000
You just be the one guy on your block who has a car, right?

00:45:23.000 --> 00:45:24.000
You can just do that.

00:45:24.000 --> 00:45:27.000
And you can buy a fraction of a car too, which is just crazy.

00:45:28.000 --> 00:45:29.000
Here we are.

00:45:30.000 --> 00:45:32.000
But the people don't care.

00:45:33.000 --> 00:45:34.000
That's the meme.

00:45:35.000 --> 00:45:39.000
But the people are retarded.

00:45:40.000 --> 00:45:41.000
Yes.

00:45:43.000 --> 00:45:49.000
One problem that I've been trying to figure out in my own mind

00:45:50.000 --> 00:45:58.000
is the problem of accepting Bitcoin as payment for goods and services.

00:45:59.000 --> 00:46:03.000
I remember probably 2018.

00:46:04.000 --> 00:46:10.000
I work freelance and I put on my invoices that I would give my clients a 25% discount

00:46:11.000 --> 00:46:14.000
on what I was charging them if they would pay me in Bitcoin.

00:46:15.000 --> 00:46:18.000
I bet you can guess how many of them paid me in Bitcoin.

00:46:19.000 --> 00:46:20.000
Zero.

00:46:21.000 --> 00:46:24.000
And I've thought about the same thing with, let's say you want to open a small business.

00:46:25.000 --> 00:46:30.000
Let's say you wanted to, okay, in LA right now, everywhere across the city

00:46:31.000 --> 00:46:33.000
are taco vendors on the side of the street.

00:46:34.000 --> 00:46:37.000
They don't have, they have not passed health code.

00:46:38.000 --> 00:46:40.000
They are cash only.

00:46:41.000 --> 00:46:44.000
I'm pretty sure that they're getting food stamps, going to Costco,

00:46:45.000 --> 00:46:48.000
buying all the meat and making pure profit.

00:46:49.000 --> 00:46:55.000
What if you did the same thing minus the unethical thing of taking the food stamps,

00:46:56.000 --> 00:47:01.000
but you try to run a business profitably, but you only would sell to people

00:47:02.000 --> 00:47:03.000
if they paid you in Bitcoin.

00:47:04.000 --> 00:47:05.000
I'm curious what you guys think.

00:47:06.000 --> 00:47:08.000
How do we bridge that gap?

00:47:12.000 --> 00:47:14.000
No one would ever buy.

00:47:15.000 --> 00:47:16.000
Not right now.

00:47:17.000 --> 00:47:18.000
Not right now.

00:47:19.000 --> 00:47:21.000
I'd love to hear JD's thoughts on this.

00:47:22.000 --> 00:47:26.000
It's an interesting thought experiment because that's the basic premise

00:47:27.000 --> 00:47:28.000
behind the Bitcoin treasury company.

00:47:29.000 --> 00:47:35.000
Take out a whole bunch of debt, buy Bitcoin, sit on it, speculative attack.

00:47:36.000 --> 00:47:40.000
That's all you're doing with the, if you were to take,

00:47:41.000 --> 00:47:44.000
even if you were to go to the extreme, like you said, don't do,

00:47:44.000 --> 00:47:50.000
but if you were to take the EBT and then sell that,

00:47:51.000 --> 00:47:54.000
so you got free meat and then you go to the street and you sell it,

00:47:55.000 --> 00:48:00.000
and you sell it for Bitcoin, you're just taking on somebody else's debt,

00:48:01.000 --> 00:48:03.000
which is EBT, and you're buying Bitcoin for yourself.

00:48:04.000 --> 00:48:06.000
It's just a speculative attack all over again.

00:48:07.000 --> 00:48:11.000
There's way more efficient ways to do that, but in terms of your deeper question,

00:48:11.000 --> 00:48:17.000
the better question, which is how do you actually bring Bitcoin into a world

00:48:18.000 --> 00:48:23.000
as a circular economy, as part of your everyday life and business?

00:48:24.000 --> 00:48:28.000
I mean, for me personally, the way I think about it is

00:48:29.000 --> 00:48:33.000
fiat is just rails system right now.

00:48:34.000 --> 00:48:35.000
Right now I have a credit card.

00:48:36.000 --> 00:48:38.000
I'll swipe my credit card and then I'll go to my credit card statement,

00:48:39.000 --> 00:48:40.000
which will go to my bank.

00:48:41.000 --> 00:48:44.000
But I just sell Bitcoin to pay for that.

00:48:45.000 --> 00:48:48.000
So it's just a rails system.

00:48:49.000 --> 00:48:51.000
I'm not saving any money in my bank.

00:48:52.000 --> 00:48:54.000
I don't have any debt on my credit card.

00:48:55.000 --> 00:48:58.000
This is just the system that gets swipe, swipe, swipe, gets you all the way through.

00:49:04.000 --> 00:49:08.000
I've been thinking about if you had a coffee shop

00:49:08.000 --> 00:49:11.000
and I live in Los Angeles.

00:49:12.000 --> 00:49:14.000
If you had a coffee shop in Los Angeles,

00:49:15.000 --> 00:49:18.000
if you were to go register with the city,

00:49:19.000 --> 00:49:24.000
you would have to pay taxes on the business itself.

00:49:27.000 --> 00:49:30.000
If you own the building, you're going to pay property taxes on the building.

00:49:31.000 --> 00:49:33.000
There's all kinds of regulations for, I don't know,

00:49:34.000 --> 00:49:37.000
if you have to get a food and beverage license to do coffee or not.

00:49:38.000 --> 00:49:39.000
But I was thinking,

00:49:40.000 --> 00:49:43.000
what if you just got a little cart and you went to the beach

00:49:44.000 --> 00:49:46.000
and you just pulled up on the side of the road

00:49:47.000 --> 00:49:48.000
and you put up a sign and you said,

00:49:49.000 --> 00:49:50.000
we only accept Bitcoin.

00:49:51.000 --> 00:49:52.000
I bet that you,

00:49:53.000 --> 00:49:55.000
especially if you started in an Instagram or something,

00:49:56.000 --> 00:49:59.000
you marketed it so that other Bitcoiners knew where to find you.

00:50:00.000 --> 00:50:03.000
And let's say you did it just on the weekends or something.

00:50:04.000 --> 00:50:06.000
So it's not like your main business model.

00:50:06.000 --> 00:50:09.000
You still have to buy the coffee cups.

00:50:10.000 --> 00:50:11.000
You got to buy the beans.

00:50:12.000 --> 00:50:13.000
You got to make the trailer.

00:50:14.000 --> 00:50:15.000
You got to pay for the gas.

00:50:16.000 --> 00:50:17.000
You have to have a car that can tow it out.

00:50:18.000 --> 00:50:19.000
There's a lot of expenses involved in doing that.

00:50:20.000 --> 00:50:22.000
And so it's doable.

00:50:23.000 --> 00:50:24.000
It's absolutely doable.

00:50:25.000 --> 00:50:28.000
But you have an inherent cash flow problem.

00:50:29.000 --> 00:50:31.000
And especially if the price of Bitcoin started to dip

00:50:32.000 --> 00:50:33.000
or something like that.

00:50:33.000 --> 00:50:34.000
Bitcoin treasury companies,

00:50:35.000 --> 00:50:38.000
it's the same thing times a hundred for them.

00:50:41.000 --> 00:50:43.000
Do you guys think I'm missing something here?

00:50:46.000 --> 00:50:47.000
A little bit.

00:50:48.000 --> 00:50:49.000
I think here's the biggest thing.

00:50:51.000 --> 00:50:53.000
Bitcoin is currently an insurance product.

00:50:54.000 --> 00:50:56.000
Like people are not using it as rails,

00:50:57.000 --> 00:50:58.000
as Bondo was saying.

00:50:59.000 --> 00:51:00.000
So I think that the better way to think here is the,

00:51:00.000 --> 00:51:01.000
or rather,

00:51:02.000 --> 00:51:05.000
I would posit a way I would try to break this problem down is

00:51:08.000 --> 00:51:09.000
the goal in sales is not to make demand.

00:51:10.000 --> 00:51:11.000
It's to channel it.

00:51:12.000 --> 00:51:15.000
And so finding the beach where there's an inordinate amount of coiners

00:51:16.000 --> 00:51:17.000
is where that kind of coffee shop would work.

00:51:19.000 --> 00:51:21.000
The same thing is true with storytelling.

00:51:23.000 --> 00:51:25.000
You're not trying to

00:51:25.000 --> 00:51:27.000
make people want an escape

00:51:28.000 --> 00:51:29.000
when you're creating a Netflix

00:51:30.000 --> 00:51:31.000
or a streaming platform.

00:51:32.000 --> 00:51:33.000
You're trying to provide an escape

00:51:34.000 --> 00:51:36.000
from what people already want to escape from.

00:51:37.000 --> 00:51:38.000
People already get home from work and they're tired.

00:51:39.000 --> 00:51:40.000
They already get home from work

00:51:41.000 --> 00:51:42.000
and they just want to check out their brains.

00:51:43.000 --> 00:51:45.000
Feeling that desire for rest,

00:51:46.000 --> 00:51:47.000
for Sabbath.

00:51:48.000 --> 00:51:49.000
Unfortunately, it bastardized

00:51:50.000 --> 00:51:51.000
because we were called for Sabbath.

00:51:52.000 --> 00:51:53.000
We were called to take a break.

00:51:54.000 --> 00:51:55.000
But we have

00:51:57.000 --> 00:51:59.000
learned that the best way to take a break

00:52:00.000 --> 00:52:01.000
is to fuel an addiction for dopamine

00:52:02.000 --> 00:52:03.000
because that's what these shows

00:52:04.000 --> 00:52:05.000
and that's what content does.

00:52:06.000 --> 00:52:08.000
And so the biggest problem in the world that we have right now

00:52:09.000 --> 00:52:10.000
is we are addicted to

00:52:11.000 --> 00:52:12.000
the symptoms of the Fiat culture.

00:52:13.000 --> 00:52:14.000
That is dopamine.

00:52:15.000 --> 00:52:16.000
That is caffeine.

00:52:17.000 --> 00:52:18.000
That is, you know, sedatives.

00:52:19.000 --> 00:52:20.000
That is uppers and downers and alcohol and stuff.

00:52:21.000 --> 00:52:22.000
The only way to break yourself free

00:52:23.000 --> 00:52:24.000
is to gain an understanding of that.

00:52:25.000 --> 00:52:26.000
Is to realize pharmaceuticals

00:52:27.000 --> 00:52:28.000
are not going to make you skinny.

00:52:29.000 --> 00:52:30.000
Your habit changes are.

00:52:31.000 --> 00:52:32.000
Is to realize, you know, taking on debt

00:52:33.000 --> 00:52:34.000
is not going to help you get out of debt.

00:52:35.000 --> 00:52:36.000
Your habits of spending money in a relationship with money is.

00:52:37.000 --> 00:52:39.000
And realize that voting harder

00:52:40.000 --> 00:52:41.000
is not going to solve any of your problems.

00:52:42.000 --> 00:52:43.000
Your relationship

00:52:44.000 --> 00:52:45.000
with your cultural understanding

00:52:46.000 --> 00:52:47.000
of your government system,

00:52:48.000 --> 00:52:49.000
i.e. the monetary value that

00:52:50.000 --> 00:52:51.000
they are requiring of you in tax

00:52:52.000 --> 00:52:54.000
and that you are giving them in taxes

00:52:55.000 --> 00:52:57.000
is the root of everything.

00:52:58.000 --> 00:53:00.000
And so the way you fix the world

00:53:01.000 --> 00:53:03.000
is you fix the way the world values things

00:53:04.000 --> 00:53:06.000
and the way that the world values things is money.

00:53:07.000 --> 00:53:08.000
And the only way to fix that

00:53:09.000 --> 00:53:11.000
is to help people gain an understanding of

00:53:12.000 --> 00:53:14.000
valuing their time and

00:53:15.000 --> 00:53:17.000
their insurance policy for their retirement

00:53:18.000 --> 00:53:19.000
is actually not an insurance policy.

00:53:20.000 --> 00:53:21.000
It's a sinking ship.

00:53:22.000 --> 00:53:23.000
It's broken.

00:53:24.000 --> 00:53:26.000
And you just think it's your life raft.

00:53:27.000 --> 00:53:29.000
Your life raft is the Titanic, guys.

00:53:30.000 --> 00:53:32.000
It's probably time to find a better one.

00:53:37.000 --> 00:53:39.000
So the title of this episode is

00:53:40.000 --> 00:53:41.000
What is the biggest problem in the world

00:53:42.000 --> 00:53:43.000
and why aren't you solving it?

00:53:44.000 --> 00:53:46.000
Right. For all three of us,

00:53:47.000 --> 00:53:48.000
the biggest problem in the world is fiat.

00:53:48.000 --> 00:53:49.000
And we are attempting to solve that problem

00:53:50.000 --> 00:53:53.000
via Bitcoin and producing Bitcoin content

00:53:54.000 --> 00:53:55.000
and putting ourselves out there as Bitcoiners

00:53:56.000 --> 00:53:57.000
being like, yo, you guys,

00:53:58.000 --> 00:53:59.000
you can just use Bitcoin.

00:54:00.000 --> 00:54:01.000
You don't have to use fiat.

00:54:02.000 --> 00:54:03.000
So we're trying to solve the problem.

00:54:04.000 --> 00:54:06.000
Now, JD, I think you just had a really awesome point,

00:54:07.000 --> 00:54:10.000
which was about the desires out there.

00:54:11.000 --> 00:54:14.000
What you want to do is you want to channel

00:54:15.000 --> 00:54:18.000
the desire or take it

00:54:19.000 --> 00:54:21.000
and push it towards where you want it to go.

00:54:22.000 --> 00:54:25.000
Now, when you just look at social media,

00:54:26.000 --> 00:54:27.000
when you look at the news,

00:54:28.000 --> 00:54:29.000
when you look at all that stuff,

00:54:30.000 --> 00:54:32.000
it's bonkers how much desire is out there.

00:54:33.000 --> 00:54:35.000
You can look, it's like almost every post.

00:54:36.000 --> 00:54:38.000
You could scroll up millions and millions of posts

00:54:39.000 --> 00:54:40.000
and almost every single one of them

00:54:40.000 --> 00:54:44.000
will be a problem about somebody's life,

00:54:45.000 --> 00:54:48.000
about why they hate the world

00:54:49.000 --> 00:54:50.000
or whatever the thing is,

00:54:51.000 --> 00:54:52.000
what the problem is that they're going through.

00:54:53.000 --> 00:54:54.000
The standard refrain is, what happened?

00:54:55.000 --> 00:54:56.000
Why is it like this?

00:54:57.000 --> 00:54:58.000
That's the standard refrain now, right?

00:54:59.000 --> 00:55:01.000
From Bitcoin's perspective,

00:55:02.000 --> 00:55:03.000
we're just like, it's fiat.

00:55:04.000 --> 00:55:05.000
The reason that it's like that is fiat.

00:55:06.000 --> 00:55:07.000
So the question is, how do we,

00:55:07.000 --> 00:55:09.000
as people trying to solve this problem,

00:55:10.000 --> 00:55:13.000
how do we channel the desire,

00:55:14.000 --> 00:55:16.000
which is absolutely there,

00:55:17.000 --> 00:55:19.000
towards the actual solution, which is Bitcoin?

00:55:20.000 --> 00:55:24.000
What can we do to actually facilitate

00:55:25.000 --> 00:55:26.000
the cultural change that needs to happen,

00:55:27.000 --> 00:55:28.000
the narrative that needs to happen,

00:55:29.000 --> 00:55:30.000
the story that needs to happen

00:55:31.000 --> 00:55:32.000
that opens up that pathway for people?

00:55:32.000 --> 00:55:40.000
One thing that you can do to change the world

00:55:41.000 --> 00:55:42.000
is to build.

00:55:43.000 --> 00:55:47.000
If you are a person who has a great idea

00:55:48.000 --> 00:55:50.000
of something implementing Bitcoin,

00:55:51.000 --> 00:55:53.000
you can just make things.

00:55:54.000 --> 00:55:57.000
But if you're not the type of person

00:55:58.000 --> 00:55:59.000
who has technical knowledge

00:55:59.000 --> 00:56:02.000
and you just want to use Bitcoin

00:56:03.000 --> 00:56:07.000
as a savings standard, that's fine too.

00:56:08.000 --> 00:56:09.000
If you want to use it like an IRA

00:56:10.000 --> 00:56:11.000
and you know that it's going to increase in value over time

00:56:12.000 --> 00:56:13.000
and that gives you some peace of mind,

00:56:14.000 --> 00:56:17.000
that also makes you a value to the world.

00:56:18.000 --> 00:56:20.000
And I just want to encourage you,

00:56:21.000 --> 00:56:23.000
if you feel like you're caught up

00:56:24.000 --> 00:56:27.000
in the hamster wheel, the rat race of life,

00:56:27.000 --> 00:56:30.000
and you know that you have something

00:56:31.000 --> 00:56:32.000
to offer to the world,

00:56:33.000 --> 00:56:35.000
but you just have to spend all your time

00:56:36.000 --> 00:56:37.000
just thinking about how to survive,

00:56:38.000 --> 00:56:39.000
how to just do your job,

00:56:40.000 --> 00:56:42.000
make enough money to pay your bills,

00:56:43.000 --> 00:56:44.000
I just want to encourage you

00:56:45.000 --> 00:56:46.000
to believe in yourself

00:56:47.000 --> 00:56:50.000
and do the thing that you know you were made to do.

00:56:51.000 --> 00:56:53.000
Because you are capable of doing it.

00:56:54.000 --> 00:56:56.000
And if you take the risk to take the time

00:56:57.000 --> 00:56:58.000
to think through it,

00:56:59.000 --> 00:57:00.000
get a pen and paper, write out a plan,

00:57:01.000 --> 00:57:03.000
you will succeed.

00:57:04.000 --> 00:57:06.000
Even if success looks a little different

00:57:07.000 --> 00:57:08.000
than what you imagine,

00:57:09.000 --> 00:57:10.000
taking the risk

00:57:11.000 --> 00:57:13.000
and doing something that you know

00:57:14.000 --> 00:57:16.000
in your heart that you are capable of doing,

00:57:17.000 --> 00:57:18.000
you will succeed.

00:57:19.000 --> 00:57:21.000
Other people may not be telling you that

00:57:22.000 --> 00:57:25.000
because they are infected with jealousy.

00:57:25.000 --> 00:57:27.000
They are infected with a fear.

00:57:28.000 --> 00:57:29.000
They don't have faith in themselves.

00:57:30.000 --> 00:57:31.000
They have doubt.

00:57:32.000 --> 00:57:33.000
Who cares?

00:57:34.000 --> 00:57:36.000
You have the capability of doing great things.

00:57:37.000 --> 00:57:38.000
If you're listening to us

00:57:39.000 --> 00:57:40.000
and if you're interested in Bitcoin,

00:57:41.000 --> 00:57:43.000
you probably have a pretty high intelligence.

00:57:44.000 --> 00:57:45.000
So go out there

00:57:46.000 --> 00:57:47.000
and make the thing that you want to make.

00:57:48.000 --> 00:57:49.000
Tell the story that you want to tell.

00:57:56.000 --> 00:57:59.000
Every risk is rewarded.

00:58:00.000 --> 00:58:02.000
But not every reward is monetary.

00:58:03.000 --> 00:58:06.000
I think sometimes we get so caught up in the

00:58:07.000 --> 00:58:08.000
I don't want to fail

00:58:09.000 --> 00:58:10.000
because I don't want to lose money

00:58:11.000 --> 00:58:12.000
or lose friends or lose out on something.

00:58:13.000 --> 00:58:14.000
You're not losing anything.

00:58:15.000 --> 00:58:16.000
You're getting insight. You're getting knowledge.

00:58:17.000 --> 00:58:18.000
You know, Dyson

00:58:19.000 --> 00:58:21.000
did I believe like 900 attempts at the Dyson vacuum

00:58:22.000 --> 00:58:24.000
before he made his first successful piece of hardware.

00:58:25.000 --> 00:58:26.000
Edison was hundreds,

00:58:27.000 --> 00:58:28.000
if not thousands of attempts at the light bulb.

00:58:29.000 --> 00:58:31.000
If you have something you want to go build,

00:58:32.000 --> 00:58:33.000
go do it and know along the way

00:58:34.000 --> 00:58:35.000
you're going to fail.

00:58:36.000 --> 00:58:37.000
But that's just part of the process.

00:58:38.000 --> 00:58:39.000
So if you want to solve the biggest problem in the world,

00:58:40.000 --> 00:58:41.000
just keep going.

00:58:42.000 --> 00:58:43.000
Yeah.

00:58:44.000 --> 00:58:46.000
And theoretical knowledge will only get you so far.

00:58:47.000 --> 00:58:48.000
You have to try and fail.

00:58:49.000 --> 00:58:50.000
Failure

00:58:51.000 --> 00:58:52.000
will teach you lessons

00:58:53.000 --> 00:58:54.000
and it will help you iterate

00:58:55.000 --> 00:58:56.000
because if you're only trying,

00:58:57.000 --> 00:58:58.000
you won't iterate at all.

00:58:59.000 --> 00:59:00.000
It'll all be stuck in your head forever.

00:59:01.000 --> 00:59:02.000
You have to try.

00:59:03.000 --> 00:59:04.000
You might fail a little bit.

00:59:05.000 --> 00:59:06.000
But you will make the thing

00:59:07.000 --> 00:59:08.000
that you're trying to make

00:59:09.000 --> 00:59:10.000
better and better and better

00:59:11.000 --> 00:59:12.000
and you will gain knowledge

00:59:13.000 --> 00:59:14.000
that you can never gain with

00:59:15.000 --> 00:59:16.000
just thinking about things theoretically.

00:59:17.000 --> 00:59:19.000
Don't let your ideas get stuck in your brain.

00:59:20.000 --> 00:59:21.000
Go out into the real world and try.

00:59:22.000 --> 00:59:23.000
Okay.

00:59:24.000 --> 00:59:25.000
So what I'm hearing,

00:59:26.000 --> 00:59:27.000
and I love this answer,

00:59:28.000 --> 00:59:29.000
is that to solve real problems,

00:59:30.000 --> 00:59:32.000
you have to build real solutions.

00:59:33.000 --> 00:59:34.000
You can't just sit there

00:59:35.000 --> 00:59:36.000
and postulate about it or whatever.

00:59:37.000 --> 00:59:38.000
You literally have to build something,

00:59:39.000 --> 00:59:40.000
create a company, create a product,

00:59:41.000 --> 00:59:42.000
create a movie or a film

00:59:43.000 --> 00:59:44.000
or whatever the thing is,

00:59:45.000 --> 00:59:46.000
but you have to go out and you have to do it.

00:59:47.000 --> 00:59:48.000
You can't just be like,

00:59:49.000 --> 00:59:50.000
well, I'm just going to postulate about it.

00:59:51.000 --> 00:59:52.000
JD, did you have a different answer to that?

00:59:53.000 --> 00:59:54.000
Or is that kind of like

00:59:55.000 --> 00:59:56.000
you're just 100% on board with that too?

01:00:00.000 --> 01:00:01.000
Shoot, did we just lose JD?

01:00:03.000 --> 01:00:04.000
I can hear him.

01:00:05.000 --> 01:00:06.000
There we go.

01:00:07.000 --> 01:00:08.000
No, I was just going to say

01:00:09.000 --> 01:00:10.000
a podcast. Go make a podcast.

01:00:11.000 --> 01:00:12.000
Oh, yeah. Go make a podcast.

01:00:13.000 --> 01:00:14.000
Yeah, go make a podcast.

01:00:15.000 --> 01:00:16.000
Don't let those haters

01:00:17.000 --> 01:00:18.000
tell you not to.

01:00:22.000 --> 01:00:23.000
We're getting better at this by doing it.

01:00:24.000 --> 01:00:25.000
That's for sure.

01:00:26.000 --> 01:00:27.000
Yeah, that's true.

01:00:28.000 --> 01:00:29.000
So, you know,

01:00:30.000 --> 01:00:31.000
we just sat around and brainstormed a podcast

01:00:32.000 --> 01:00:33.000
for the last year.

01:00:34.000 --> 01:00:35.000
We definitely wouldn't be any better at podcasting.

01:00:36.000 --> 01:00:37.000
We wouldn't know anything.

01:00:38.000 --> 01:00:39.000
Yeah.

01:00:40.000 --> 01:00:41.000
And I think actually to that end,

01:00:42.000 --> 01:00:43.000
I think the most important thing

01:00:44.000 --> 01:00:45.000
we did when it came to doing this

01:00:46.000 --> 01:00:47.000
is we just picked a goal

01:00:48.000 --> 01:00:49.000
and that goal is 100 episodes.

01:00:49.000 --> 01:00:50.000
So hopefully, you know,

01:00:51.000 --> 01:00:52.000
we could do 100 episodes

01:00:53.000 --> 01:00:54.000
and be like, damn, that was a terrible idea.

01:00:55.000 --> 01:00:56.000
But you know what? We learned something.

01:00:57.000 --> 01:00:58.000
We learned how to formulate our thoughts.

01:00:59.000 --> 01:01:00.000
We learned how to be better

01:01:01.000 --> 01:01:02.000
at articulating ourselves.

01:01:03.000 --> 01:01:04.000
We learned how to, you know,

01:01:05.000 --> 01:01:06.000
how to do streaming

01:01:07.000 --> 01:01:08.000
in a world that really needs it.

01:01:09.000 --> 01:01:10.000
But at the end of the day, we built.

01:01:11.000 --> 01:01:12.000
And there's a lot of failure.

01:01:13.000 --> 01:01:14.000
There's a lot of bad episodes, guys.

01:01:15.000 --> 01:01:16.000
God, there's a lot of bad episodes.

01:01:17.000 --> 01:01:18.000
I'm also talking inside.

01:01:19.000 --> 01:01:20.000
I'm so sorry.

01:01:21.000 --> 01:01:22.000
But you know what? We're building

01:01:23.000 --> 01:01:24.000
and we're learning and we're doing.

01:01:25.000 --> 01:01:26.000
And I just encourage you guys to go

01:01:27.000 --> 01:01:28.000
because even if you're building in hard times,

01:01:29.000 --> 01:01:30.000
you're going to learn something every time.

01:01:31.000 --> 01:01:32.000
All right, guys.

01:01:33.000 --> 01:01:34.000
I think with that, we should call it quits.

01:01:35.000 --> 01:01:36.000
I got to get out of here.

01:01:37.000 --> 01:01:39.000
Anton, JD, always a pleasure.

01:01:40.000 --> 01:01:41.000
Unless there's any last words,

01:01:42.000 --> 01:01:43.000
I'm going to call it here.

01:01:44.000 --> 01:01:45.000
Don't let your dreams be dreams.

01:01:46.000 --> 01:01:47.000
And buy big ones.

01:01:47.000 --> 01:01:48.000
Love it, JD.

01:01:49.000 --> 01:01:50.000
Cheers, guys.

01:01:51.000 --> 01:01:52.000
All right. Peace.

01:02:17.000 --> 01:02:18.000
Peace.