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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Better. Bye, Bitcoin.

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So groovy. It's groggy. Every time. Every time. You want to tee us up in?

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What we're talking about today is value in a world of eroding value. Basically, some things have gotten better.

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Some things have been designed better.

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You know, we have we now have very powerful computers and powerful iPhones.

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At the very same time, some things have gotten objectively worse from a quality standpoint.

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Specifically in the United States, we've forgotten how to manufacture things well.

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Some things are not manufactured in the U.S. and as a result, the craftsmen have been lost.

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And that's essentially what we're talking about today.

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How do we figure out what is actually valuable in a world where value has been eroded?

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So do you guys have anything you want to add to that?

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So one of the things that. Just to continue to preface this.

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One of the things that we had before the call was like you are essentially you are trained.

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And why we titled this this episode as its title is because you are literally trained from the moment you're born to consume.

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You know, you are you exist not to create value, not to not to improve the world, not to do anything.

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But you are trained, you're brainwashed to consume, to just be a cog in the system that only consumes.

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For me personally, it's like it took me at least a decade to try and like get out of that mentality as an adult.

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It was like, oh, yeah, I'm working a job now.

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But really, I'm just I'm sitting at my desk and drinking my latte or whatever the thing is.

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Right. Like you see the LinkedIn videos of the person like walking through their day and it's like, bro, you haven't done any work.

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You have contributed no value to society.

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You've literally just been consuming the LinkedIn offices, the LinkedIn lunches, the LinkedIn like juice maker, the LinkedIn.

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You're just going down the thing. You know, it's just like this is not you. No one here is creating value.

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It's all about consumption. And whoever plays the game, the best gets to consume the most.

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I'm like, that's how you win the game. And it's like, why on earth is it set up like that?

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Not necessarily why. I mean, we know why, but like it's so messed up.

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That's what that's my addition.

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Even taxes. Right. If you think about it, you're as a business owner in the United States,

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you are given deferments or deductions based on consumption.

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You can go in and buy a camera or a truck or a building or whatever it is,

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and you get to depreciate based on the amount of consumption.

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And that only exists in a world where you have an inflationary currency, period.

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Because before we had this monetary structure that we were kind of born into, it's probably the best way to say it.

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You know, you had to have things that were qualitative and quantitatively additive to society

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in order for you to actually be respected.

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You know, like let's take somebody who was an artist.

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You know, if you painted the Sistine Chapel, your art form of like, hey, I can manipulate these pigments

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and turn these pigments into beautiful tapestries of artwork that people want to actually like,

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sit there and look at and kind of gives them an existential moment where they can ponder existence.

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You are adding value to society.

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And now with the advent of AI, and it's no events that, you know, AI,

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I think there's a lot of really cool, interesting things about to happen.

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But now the value addition you're doing is a completely new and wide open frontier again,

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because now we actually have to ask the question, what is value?

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And is having, you know, 47,000 versions of the movie Back to the Future valuable?

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I don't know.

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No.

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I want to state, I don't want to go back to a world pre-iPhones.

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I love having a smartphone.

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I love having very, very fast internet.

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I'm excited by the future of AI.

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There are just other things that now we need to tackle fixing and making better.

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I'll give a couple examples.

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Something I think about a lot is how many cars I've had in my life.

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You go and buy a car, and if you buy a new car at 50,000 or 60,000 miles,

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there's going to be some maintenance at 100,000 miles.

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You have to change the timing belt.

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There comes a certain point where the car is just, it's worthless at that point.

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And you might as well just get rid of it.

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Give it to whoever wants to buy an old used car.

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Go get a new car.

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Start all over.

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I've done that five or six times in my life.

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Why can't a car be made where the component, when the component wears out,

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you pop a new component on, and you essentially rebuild the car over time,

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and you have a fresh car?

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Well, an auto manufacturer doesn't want that.

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They have to put out new inventory and have you buy the new models.

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And there's planned obsolescence in all of our appliances and in our electronics.

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And another thing, just one more real quick.

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I live in a neighborhood in Los Angeles where almost every house on my street

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is either an Aladdin home or a Sears home.

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What those were, it was essentially like Ikea for homes.

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You would look in a catalog.

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You'd find the home you wanted.

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A truck would come, dump all the lumber, all the plumbing, all the electricity,

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all the wiring on your lot, and you would build your house by yourself.

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This is something that's almost unimaginable to us today.

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Nobody I know thinks about building their own house with their bare hands,

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unless you're talking about a tiny house.

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But these houses aren't tiny houses.

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They're beautiful.

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They're really sought after.

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Every house on my street is $1 million to $3 million now.

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It's the same house.

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It's 100 years old.

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Why is that not being done anymore?

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It's ridiculous.

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They probably threw the instructions out.

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They're like, I'll figure it out.

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Yeah, exactly.

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There's also this weird amount of specificity to everything.

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I don't know if you guys have ever read East of Eden,

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but in East of Eden, they talk about how one of the guys,

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I forget the name of the characters, Samuel knew him.

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Maybe he was Samuel's cousin or something like that.

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But he went to Stanford at the turn of the century and was getting into advertising.

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Wait a second.

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We need advertising.

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Because why do you need advertising?

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Everyone knows the horse goes to there.

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This is what a horse does.

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You don't need to advertise a horse.

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This is what the grain does.

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We know you don't need to advertise the grain.

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But because of the expansion of civilization

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and all the different things that are out there

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and the weird little components that make things better in various ways,

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you all of a sudden need advertising to tell a story of why this thing exists

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or to explain it to somebody.

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You're going to have 20% better X, Y, Z,

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which you wouldn't know otherwise.

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The thing that's fascinating about that for me

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is that there's this crazy amount of specificity.

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And when the specificity explodes,

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everyone just gets overwhelmed with everything.

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And so when you look and try and build a house,

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well, I know an electrician who's telling me like,

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no, he could build basically anything.

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And he's like, yeah, except for maybe when I come to a house,

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I wouldn't try and build a house because it's too crazy.

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It's like, what?

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Really?

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A hundred years ago,

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you could literally have a house shipped to you

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on the back of a truck in pieces

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and you'd build it over the course of the next couple weeks or months

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or whatever.

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It's like, it's bonkers.

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I think one thing to that though is actually

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the problem with eroding value

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is everyone's trying to figure out where they can add it.

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And the issue is the government.

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The government cannot add value

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if they don't give you boundaries.

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And so you have now all of these inspectors

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and inspections and building codes

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and not saying that they're all bad.

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I would say that there's probably,

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I know in a lot of different parts of LA,

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they're trying to protect historic homes

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and there's different ways you can feel on that.

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But the thing is,

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if you are an entity trying to add value

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and the only way you add value is by adding obstacles,

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there's the problem.

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And I think that's one of the issues

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that we've started to come up against

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with a society of eroding value

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that's predicated on the foundation of our monetary system

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or our value system, the money.

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Because we don't have a monetary foundation

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that's additive in value,

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but it is kind of destructive in value

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because it is literally stealing and destroying value.

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It forces you to think about how you can extract value

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as quickly as possible

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versus adding value for as long as possible.

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And that lensing is really important

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because you have a high time preference

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and for people who don't know,

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high time preferences is fast.

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Low is slow and high is fast.

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You have a very high time preference

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because you need to go spend that money.

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It's burning a hole in your pocket

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because it's not gonna be as valuable

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by the time you would go to spend it

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if you were to sit on it for a couple of days.

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And so I think we're seeing an interesting resurgence

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with SpaceX as an example.

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Elon's goal is a multi-millennial society

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and civilization for humanity.

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It is the lowest time preference idea you can have.

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And his idea for that

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is spawning off all these other companies.

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Like people don't realize,

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but the goal of getting to Mars,

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that's where Tesla came from.

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Because in order to get to Mars,

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you need to have electric vehicles.

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The goal of getting to Mars is where SpaceX came from.

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The goal of getting to Mars

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is where the Boring Company came from

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because you're gonna actually need to be

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creating these underground,

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air-proof civilizations to a degree

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to be able to go between the different habs

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that they're gonna put on Mars.

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And so all these things

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are actually focused on a single goal, Optimus.

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But because his goal

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is actually outside of the monetary system,

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it's built on a foundation

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of a low time preference idea.

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It's super constructive.

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And so I'm curious,

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do you guys think,

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you know, where are we right now?

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Like, can we ever get back to that?

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There's a Bible verse.

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It's a proverb that says,

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a good man leaves an inheritance

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to his children's children.

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I gotta throw the boomers

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a little bit under the bus on this one.

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Their generation does not live that way at all.

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So many boomers have,

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they have zero intention

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of leaving anything to their kids.

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They lived and planned for a retirement

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that would let them essentially vacation

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and spend their money to zero

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and just have enough for them.

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And I don't know if 100 years ago,

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if people were actually planning,

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like the house that I'm living in right now,

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this house was built over 100 years ago.

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I don't know if the person

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who built this house

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was thinking three, four, five generations.

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There's probably been five generations

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that have lived in this house so far.

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But I do know when I look

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at the buildings in downtown LA,

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the new ones that go up,

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I cannot imagine those buildings

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even lasting 30 years.

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They're essentially,

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they seem like they're just made

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to last long enough to where,

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I don't know if you take a mortgage out

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on a skyscraper,

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I don't know how they finance these things,

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but it seems like they're made

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to last just long enough

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to pay off the financing

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to sell it to the next person.

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And so we need a generational change to,

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I mean, speaking of value,

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we need a generation to have values

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to value passing things

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onto the next generation again.

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And I have hope that our generation

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is feeling that right now.

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The idea that you should be

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creating value in your life,

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for me, it's huge.

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And it literally takes,

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considering all the brainwash

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we've gone through,

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it takes you a long time

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to actually process it, internalize it.

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Like, am I actually adding value here

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and aligning everything in your life,

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trying to figure out a way where it's like,

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no, no, no.

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If I'm not adding value,

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there should be consequences for that.

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Or if I'm not adding value,

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how do I know I'm even adding value, right?

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I think Safedine talks about this.

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He's like, if you're young,

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the best thing you can do

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is figure out how to improve

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the value of other people in your life,

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improve, add value to the world,

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because that's going to return to you later on.

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When you're old, it's super hard to do.

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We're all super old now.

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It's much harder for us to add value

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if we haven't been training

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for the last however many years

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to try and do that.

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But we've been literally brainwashed

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to not add value.

00:14:46.000 --> 00:14:48.000
And just recognizing that as step one.

00:14:48.000 --> 00:14:49.000
Step two is like,

00:14:49.000 --> 00:14:50.000
you have to figure out,

00:14:50.000 --> 00:14:52.000
you have to learn some skill

00:14:52.000 --> 00:14:54.000
that's a desirable skill,

00:14:54.000 --> 00:14:57.000
not like a completely,

00:14:57.000 --> 00:14:58.000
like a great example

00:14:58.000 --> 00:15:03.000
of a brainwashed consumption mindset

00:15:03.000 --> 00:15:05.000
is like, go to college

00:15:05.000 --> 00:15:07.000
to study women's studies

00:15:07.000 --> 00:15:09.000
or transgender studies

00:15:09.000 --> 00:15:10.000
or something that's like,

00:15:10.000 --> 00:15:11.000
you literally invent the major

00:15:11.000 --> 00:15:12.000
while you're there.

00:15:12.000 --> 00:15:15.000
Like you have invented the major.

00:15:15.000 --> 00:15:17.000
Like you, who know nothing,

00:15:17.000 --> 00:15:22.000
are deciding that you are going to

00:15:22.000 --> 00:15:24.000
put this value into the world.

00:15:24.000 --> 00:15:26.000
Like, it makes no sense.

00:15:26.000 --> 00:15:29.000
That is not creating value for anybody.

00:15:29.000 --> 00:15:31.000
It's like the complete opposite

00:15:31.000 --> 00:15:32.000
of creating value.

00:15:32.000 --> 00:15:33.000
It's literally just you

00:15:33.000 --> 00:15:35.000
consuming a college degree

00:15:35.000 --> 00:15:36.000
and then graduating

00:15:36.000 --> 00:15:37.000
and thinking that you'll be

00:15:37.000 --> 00:15:39.000
creating value,

00:15:39.000 --> 00:15:40.000
working at whatever thing,

00:15:40.000 --> 00:15:41.000
but you're not.

00:15:41.000 --> 00:15:42.000
You're just consuming the value

00:15:42.000 --> 00:15:43.000
of the thing.

00:15:43.000 --> 00:15:44.000
You're just continuing

00:15:44.000 --> 00:15:45.000
the cycle of consuming value.

00:15:45.000 --> 00:15:47.000
So you have to retrain yourself.

00:15:47.000 --> 00:15:48.000
Start with recognizing

00:15:48.000 --> 00:15:50.000
that you're not creating any value

00:15:50.000 --> 00:15:51.000
and then do like,

00:15:51.000 --> 00:15:52.000
try and get feedback from people.

00:15:52.000 --> 00:15:53.000
Is this valuable?

00:15:53.000 --> 00:15:55.000
JD, you do this all the time,

00:15:55.000 --> 00:15:56.000
which is fantastic.

00:15:56.000 --> 00:15:57.000
I love you for this.

00:15:57.000 --> 00:15:58.000
You ask people like,

00:15:58.000 --> 00:16:00.000
hey, what do you need?

00:16:00.000 --> 00:16:01.000
Hey, how can I help?

00:16:01.000 --> 00:16:03.000
Hey, is this help?

00:16:03.000 --> 00:16:05.000
Hey, how are we doing?

00:16:05.000 --> 00:16:07.000
Is this a good idea?

00:16:07.000 --> 00:16:08.000
Here's some more ideas

00:16:08.000 --> 00:16:09.000
if this one wasn't that great.

00:16:09.000 --> 00:16:11.000
You're just constantly trying

00:16:11.000 --> 00:16:12.000
to add value.

00:16:12.000 --> 00:16:13.000
And it's definitely,

00:16:13.000 --> 00:16:14.000
it adds value.

00:16:14.000 --> 00:16:15.000
And then you're training yourself

00:16:15.000 --> 00:16:18.000
to think that way.

00:16:18.000 --> 00:16:19.000
So you're adding value

00:16:19.000 --> 00:16:20.000
because you are

00:16:20.000 --> 00:16:21.000
training yourself to add value

00:16:21.000 --> 00:16:25.000
and it just turns into a cycle.

00:16:25.000 --> 00:16:26.000
It's awesome.

00:16:26.000 --> 00:16:28.000
But you have to break

00:16:28.000 --> 00:16:30.000
the brainwashing.

00:16:31.000 --> 00:16:34.000
I think what's interesting is the,

00:16:34.000 --> 00:16:36.000
we were talking about this before,

00:16:36.000 --> 00:16:37.000
but it's the idea

00:16:37.000 --> 00:16:40.000
of transcendent like storytelling

00:16:40.000 --> 00:16:41.000
that's transcendent value.

00:16:41.000 --> 00:16:42.000
Like I never thought about,

00:16:42.000 --> 00:16:44.000
I thought about transcend,

00:16:44.000 --> 00:16:45.000
transcendental stories,

00:16:45.000 --> 00:16:46.000
right, like the Bible.

00:16:46.000 --> 00:16:48.000
Like the Bible can add value

00:16:48.000 --> 00:16:49.000
to your story,

00:16:49.000 --> 00:16:50.000
to your life,

00:16:50.000 --> 00:16:51.000
like the story of your life,

00:16:51.000 --> 00:16:52.000
whether you're a Christian or not.

00:16:52.000 --> 00:16:54.000
It's just so chock full of wisdom.

00:16:54.000 --> 00:16:55.000
But I'm actually curious

00:16:55.000 --> 00:16:57.000
your take on this, Anton,

00:16:57.000 --> 00:16:58.000
because, you know,

00:16:58.000 --> 00:17:00.000
that is your craft, right?

00:17:00.000 --> 00:17:03.000
Your craft is storytelling.

00:17:03.000 --> 00:17:05.000
But I'm curious, you know,

00:17:05.000 --> 00:17:08.000
how you approach it

00:17:08.000 --> 00:17:09.000
in the current world,

00:17:09.000 --> 00:17:10.000
because some of the topics

00:17:10.000 --> 00:17:12.000
you've covered in the films you've done,

00:17:12.000 --> 00:17:13.000
I'm not saying that

00:17:13.000 --> 00:17:16.000
they're not long term topics,

00:17:16.000 --> 00:17:18.000
but they are a little more,

00:17:18.000 --> 00:17:20.000
you know, contemporary.

00:17:20.000 --> 00:17:23.000
And so I'm curious, you know,

00:17:23.000 --> 00:17:24.000
is there an angle that

00:17:24.000 --> 00:17:25.000
when you guys are either

00:17:25.000 --> 00:17:26.000
breaking these stories

00:17:26.000 --> 00:17:27.000
or thinking through

00:17:27.000 --> 00:17:28.000
how you would do it,

00:17:28.000 --> 00:17:29.000
you know, is it to kind of like

00:17:29.000 --> 00:17:31.000
call something out

00:17:31.000 --> 00:17:33.000
and be like, hey, you know,

00:17:33.000 --> 00:17:34.000
this is not the direction

00:17:34.000 --> 00:17:36.000
modernity should be going.

00:17:36.000 --> 00:17:38.000
And so if we can ridicule it,

00:17:38.000 --> 00:17:39.000
we can maybe get it back

00:17:39.000 --> 00:17:40.000
on the right track

00:17:40.000 --> 00:17:41.000
for a longer term thing.

00:17:41.000 --> 00:17:43.000
Or were you guys thinking of it

00:17:43.000 --> 00:17:44.000
more of, you know,

00:17:44.000 --> 00:17:45.000
just in the way

00:17:45.000 --> 00:17:46.000
you've been programmed?

00:17:46.000 --> 00:17:48.000
Like, all right, we need to,

00:17:48.000 --> 00:17:49.000
you know, tell a story,

00:17:49.000 --> 00:17:50.000
get maybe some laughs.

00:17:50.000 --> 00:17:51.000
And so it was like, you know,

00:17:51.000 --> 00:17:52.000
maybe unintentionally

00:17:52.000 --> 00:17:53.000
a little higher time preference

00:17:53.000 --> 00:17:56.000
than maybe you would have liked.

00:17:56.000 --> 00:17:58.000
Yeah, I was laughing

00:17:58.000 --> 00:18:00.000
as Bondar was talking about,

00:18:00.000 --> 00:18:03.000
like, willing your major into,

00:18:03.000 --> 00:18:04.000
I don't know how you describe it,

00:18:04.000 --> 00:18:06.000
but I was a film major.

00:18:06.000 --> 00:18:09.000
So yeah, I have a little guilt

00:18:09.000 --> 00:18:10.000
over that, like,

00:18:10.000 --> 00:18:11.000
what value am I adding to the world?

00:18:11.000 --> 00:18:14.000
But I do look at film as a calling

00:18:14.000 --> 00:18:15.000
and just personally,

00:18:15.000 --> 00:18:17.000
I am trying to add value

00:18:17.000 --> 00:18:18.000
to the world through film.

00:18:18.000 --> 00:18:21.000
I feel like there is a purpose

00:18:21.000 --> 00:18:22.000
in the type of films

00:18:22.000 --> 00:18:23.000
that I'm making.

00:18:23.000 --> 00:18:25.000
They're not just pure entertainment.

00:18:25.000 --> 00:18:28.000
They are made to motivate

00:18:28.000 --> 00:18:31.000
and inspire and help people

00:18:31.000 --> 00:18:34.000
to be better through the experience

00:18:34.000 --> 00:18:35.000
of watching a movie.

00:18:35.000 --> 00:18:38.000
Because movies do, especially,

00:18:38.000 --> 00:18:39.000
I've done mostly documentaries,

00:18:39.000 --> 00:18:41.000
but especially narrative scripted film.

00:18:41.000 --> 00:18:44.000
I feel like you're more likely

00:18:44.000 --> 00:18:46.000
to have a significant change

00:18:46.000 --> 00:18:48.000
in your life after watching a movie

00:18:48.000 --> 00:18:50.000
like Shawshank Redemption

00:18:50.000 --> 00:18:52.000
or, I don't know,

00:18:52.000 --> 00:18:54.000
Forrest Gump or something.

00:18:55.000 --> 00:18:57.000
Then you are watching a documentary.

00:18:57.000 --> 00:18:59.000
There's great documentaries out there,

00:18:59.000 --> 00:19:01.000
but it just stimulates something different,

00:19:01.000 --> 00:19:02.000
a fictional film.

00:19:02.000 --> 00:19:03.000
For people who don't know,

00:19:03.000 --> 00:19:06.000
I did the movies No Safe Spaces

00:19:06.000 --> 00:19:08.000
with Adam Carolla and Dennis Prager,

00:19:08.000 --> 00:19:09.000
and then I did What Is A Woman

00:19:09.000 --> 00:19:10.000
with Matt Walsh,

00:19:10.000 --> 00:19:12.000
and I did Am I Racist with Matt Walsh.

00:19:12.000 --> 00:19:16.000
And maybe a topic like transgenderism

00:19:16.000 --> 00:19:18.000
isn't a totally evergreen thing

00:19:18.000 --> 00:19:21.000
or maybe the battle for free speech

00:19:21.000 --> 00:19:23.000
seems to be this pendulum thing

00:19:23.000 --> 00:19:24.000
that swings back and forth.

00:19:24.000 --> 00:19:26.000
I also just recently did one for PragerU

00:19:26.000 --> 00:19:29.000
called Laughter on Lockdown.

00:19:33.000 --> 00:19:34.000
I'm trying to, I guess,

00:19:34.000 --> 00:19:36.000
defend my own filmmaking a little bit

00:19:36.000 --> 00:19:40.000
to just say we are trying

00:19:40.000 --> 00:19:42.000
to change the culture and better the culture

00:19:42.000 --> 00:19:43.000
through our filmmaking.

00:19:43.000 --> 00:19:46.000
Specifically for the Matt Walsh movies, though,

00:19:46.000 --> 00:19:49.000
I was just focused on making

00:19:49.000 --> 00:19:51.000
a really funny movie

00:19:51.000 --> 00:19:52.000
about the subject matter.

00:19:52.000 --> 00:19:57.000
And I think comedy is one of the hardest genres

00:19:57.000 --> 00:19:59.000
of moviemaking,

00:19:59.000 --> 00:20:02.000
and if you can genuinely make people laugh out loud,

00:20:02.000 --> 00:20:04.000
there's something healing about that.

00:20:04.000 --> 00:20:06.000
And so if the culture is broken

00:20:06.000 --> 00:20:09.000
and you're making a movie

00:20:09.000 --> 00:20:11.000
to shed light on a subject matter

00:20:11.000 --> 00:20:13.000
and hopefully change people's opinions

00:20:13.000 --> 00:20:14.000
to some degree,

00:20:14.000 --> 00:20:16.000
the best possible way to do that

00:20:16.000 --> 00:20:17.000
is through laughter.

00:20:17.000 --> 00:20:20.000
So that was more my purpose

00:20:20.000 --> 00:20:21.000
in those movies.

00:20:21.000 --> 00:20:23.000
And yeah, I think,

00:20:23.000 --> 00:20:24.000
especially What is a Woman,

00:20:24.000 --> 00:20:25.000
I feel like it's funny

00:20:25.000 --> 00:20:26.000
because the transgenderism thing,

00:20:26.000 --> 00:20:28.000
maybe it's not the most evergreen topic,

00:20:28.000 --> 00:20:30.000
but I feel like that movie's

00:20:30.000 --> 00:20:33.000
a near masterpiece for a documentary.

00:20:33.000 --> 00:20:34.000
I think it's great.

00:20:34.000 --> 00:20:35.000
I think you did a solid job.

00:20:35.000 --> 00:20:37.000
And I'm very curious, though,

00:20:41.000 --> 00:20:44.000
you know, is there a

00:20:46.000 --> 00:20:48.000
thing going forward

00:20:48.000 --> 00:20:49.000
where it's like,

00:20:49.000 --> 00:20:52.000
I really hope to do X,

00:20:52.000 --> 00:20:54.000
like really want to inspire people

00:20:54.000 --> 00:20:55.000
or really want to,

00:20:55.000 --> 00:20:57.000
because I do think making people laugh is,

00:20:57.000 --> 00:20:59.000
I think comedy is the highest

00:20:59.000 --> 00:21:01.000
of all the art forms

00:21:01.000 --> 00:21:02.000
because you're right,

00:21:02.000 --> 00:21:03.000
is the most difficult.

00:21:03.000 --> 00:21:05.000
It is so difficult to get people to laugh

00:21:05.000 --> 00:21:06.000
because you kind of have to meet them

00:21:06.000 --> 00:21:07.000
on this journey where it's like,

00:21:07.000 --> 00:21:08.000
they're going this way

00:21:08.000 --> 00:21:09.000
and you're going this way

00:21:09.000 --> 00:21:11.000
and you kind of have to hit them at that point

00:21:11.000 --> 00:21:12.000
and then just like push them

00:21:12.000 --> 00:21:13.000
in a brand new direction

00:21:13.000 --> 00:21:14.000
and kind of like,

00:21:14.000 --> 00:21:15.000
you know, rejigger it.

00:21:15.000 --> 00:21:17.000
And whether it's a dark comedy

00:21:17.000 --> 00:21:18.000
or whether it's just kind of like

00:21:18.000 --> 00:21:19.000
calling out the cultural stuff

00:21:19.000 --> 00:21:21.000
like you guys were doing,

00:21:21.000 --> 00:21:23.000
you know what?

00:21:23.000 --> 00:21:25.000
And let me actually get to a question here.

00:21:25.000 --> 00:21:28.000
But in the current society

00:21:28.000 --> 00:21:30.000
with AI and all this stuff coming up

00:21:30.000 --> 00:21:32.000
and and eroding value,

00:21:32.000 --> 00:21:34.000
you know, do we need to have

00:21:34.000 --> 00:21:36.000
a complete cultural reset

00:21:36.000 --> 00:21:38.000
to actually get towards

00:21:38.000 --> 00:21:39.000
like great filmmaking

00:21:39.000 --> 00:21:40.000
or even great music, right?

00:21:40.000 --> 00:21:41.000
Like classical music

00:21:41.000 --> 00:21:44.000
had so much math in it, right?

00:21:44.000 --> 00:21:45.000
Like, you know, look at it

00:21:45.000 --> 00:21:46.000
and look at the way

00:21:46.000 --> 00:21:48.000
that these things were made,

00:21:48.000 --> 00:21:49.000
whether or not they were thinking

00:21:49.000 --> 00:21:50.000
about the math

00:21:50.000 --> 00:21:52.000
when they were making these,

00:21:52.000 --> 00:21:54.000
you know, these great orchestral pieces.

00:21:54.000 --> 00:21:56.000
But do you think we need

00:21:56.000 --> 00:21:57.000
like a full reset

00:21:57.000 --> 00:21:59.000
in terms of like culture and money

00:21:59.000 --> 00:22:00.000
before we can actually get

00:22:00.000 --> 00:22:03.000
on the right path?

00:22:03.000 --> 00:22:04.000
Bond or Jim, anything to say

00:22:04.000 --> 00:22:05.000
because I have something to say on this,

00:22:05.000 --> 00:22:07.000
but I'll let you go if you want.

00:22:07.000 --> 00:22:08.000
Real quick, I think,

00:22:08.000 --> 00:22:11.000
or hopefully I can get it across quick.

00:22:11.000 --> 00:22:14.000
But I don't think we have a reset

00:22:14.000 --> 00:22:15.000
or hard reset.

00:22:15.000 --> 00:22:17.000
I think when you look at it,

00:22:17.000 --> 00:22:20.000
it's been a slow degradation

00:22:20.000 --> 00:22:22.000
in value over the last 100 years.

00:22:22.000 --> 00:22:24.000
And you can kind of pin it

00:22:24.000 --> 00:22:26.000
to the turn of the century,

00:22:26.000 --> 00:22:28.000
start of the Federal Reserve Bank.

00:22:28.000 --> 00:22:32.000
Now, every generation

00:22:32.000 --> 00:22:35.000
that has basically traditionalism

00:22:35.000 --> 00:22:36.000
was the M.O.,

00:22:36.000 --> 00:22:38.000
apart from very small sects

00:22:38.000 --> 00:22:40.000
of liberalism that were,

00:22:40.000 --> 00:22:44.000
you know, that served a decent purpose.

00:22:45.000 --> 00:22:47.000
But traditionalism was essentially it.

00:22:47.000 --> 00:22:48.000
Everybody was traditional.

00:22:48.000 --> 00:22:50.000
You had a traditional family.

00:22:50.000 --> 00:22:52.000
You had traditional relationships.

00:22:52.000 --> 00:22:54.000
You had traditional friendships,

00:22:54.000 --> 00:22:55.000
traditional schooling,

00:22:55.000 --> 00:22:58.000
traditional like everything, right?

00:22:58.000 --> 00:23:00.000
The first generation

00:23:00.000 --> 00:23:02.000
to come out of the Fed

00:23:02.000 --> 00:23:03.000
was the boomer,

00:23:03.000 --> 00:23:04.000
or not the boomers,

00:23:04.000 --> 00:23:08.000
the Roaring Twenties.

00:23:08.000 --> 00:23:09.000
It's a different boomer.

00:23:09.000 --> 00:23:10.000
What's the...

00:23:10.000 --> 00:23:11.000
There's the Jazz Age,

00:23:11.000 --> 00:23:12.000
the Roaring Twenties.

00:23:12.000 --> 00:23:13.000
The Lost Generation?

00:23:13.000 --> 00:23:14.000
Or is that the...

00:23:14.000 --> 00:23:17.000
Zoot suits and all the...

00:23:17.000 --> 00:23:18.000
They basically said,

00:23:18.000 --> 00:23:19.000
well, wait a second.

00:23:19.000 --> 00:23:21.000
We can kind of do way more

00:23:21.000 --> 00:23:24.000
with this traditionalism.

00:23:24.000 --> 00:23:26.000
We don't have to...

00:23:26.000 --> 00:23:27.000
I'm a girl.

00:23:27.000 --> 00:23:29.000
I can just go out on a town

00:23:29.000 --> 00:23:30.000
if I wanted to.

00:23:30.000 --> 00:23:31.000
You couldn't do that before.

00:23:31.000 --> 00:23:32.000
The Lost Generation.

00:23:32.000 --> 00:23:33.000
Yeah.

00:23:33.000 --> 00:23:34.000
Ernest Hemingway,

00:23:34.000 --> 00:23:35.000
Gertrude Stein.

00:23:35.000 --> 00:23:36.000
Yeah.

00:23:36.000 --> 00:23:37.000
World War I.

00:23:37.000 --> 00:23:40.000
So, yeah.

00:23:40.000 --> 00:23:42.000
But then that generation

00:23:42.000 --> 00:23:43.000
becomes the parents

00:23:43.000 --> 00:23:45.000
of the next generation.

00:23:45.000 --> 00:23:46.000
The generation's like,

00:23:46.000 --> 00:23:47.000
yeah, it was great

00:23:47.000 --> 00:23:48.000
that we got to go out on the town.

00:23:48.000 --> 00:23:49.000
I hope you get to go out on the town.

00:23:49.000 --> 00:23:51.000
Or I hope you get to go further.

00:23:51.000 --> 00:23:53.000
Or whatever the next thing is.

00:23:53.000 --> 00:23:54.000
You can actually see it.

00:23:54.000 --> 00:23:55.000
You can literally see it

00:23:55.000 --> 00:23:56.000
or listen to it in music.

00:23:56.000 --> 00:23:58.000
You brought up a music example.

00:23:58.000 --> 00:24:02.000
You go from orchestra

00:24:02.000 --> 00:24:04.000
and folk music

00:24:04.000 --> 00:24:06.000
to big band

00:24:06.000 --> 00:24:09.000
to a rock and roll style band

00:24:09.000 --> 00:24:10.000
like Elvis.

00:24:10.000 --> 00:24:14.000
And then you go to a more...

00:24:14.000 --> 00:24:16.000
What we understand as rock and roll

00:24:16.000 --> 00:24:18.000
like Rolling Stones or The Beatles.

00:24:18.000 --> 00:24:20.000
And then you go to...

00:24:20.000 --> 00:24:23.000
Well, we don't even need the band at all.

00:24:23.000 --> 00:24:25.000
We started with an orchestra

00:24:25.000 --> 00:24:26.000
and we're now at the place

00:24:26.000 --> 00:24:27.000
where we don't even need a band.

00:24:27.000 --> 00:24:29.000
We're just going to sample things.

00:24:29.000 --> 00:24:30.000
We're going to do hip hop

00:24:30.000 --> 00:24:31.000
and we're going to sing over it.

00:24:31.000 --> 00:24:33.000
And then you get into electronica

00:24:33.000 --> 00:24:34.000
where it's like,

00:24:34.000 --> 00:24:35.000
no, you don't even need

00:24:35.000 --> 00:24:36.000
live instruments at all.

00:24:36.000 --> 00:24:37.000
You don't even need to sit.

00:24:37.000 --> 00:24:38.000
You don't even need to be able

00:24:38.000 --> 00:24:39.000
to perform in any way.

00:24:39.000 --> 00:24:40.000
You just press play

00:24:40.000 --> 00:24:42.000
and everyone goes crazy.

00:24:42.000 --> 00:24:45.000
So there's this slow generational decline.

00:24:45.000 --> 00:24:46.000
And each generation,

00:24:46.000 --> 00:24:48.000
in particular with the case of music,

00:24:48.000 --> 00:24:51.000
I think it's fascinating.

00:24:51.000 --> 00:24:52.000
In the case of music,

00:24:52.000 --> 00:24:53.000
it's just awesome

00:24:53.000 --> 00:24:54.000
because each generation hated

00:24:54.000 --> 00:24:57.000
the next generation's music.

00:24:57.000 --> 00:24:59.000
My great-grandparents hated

00:24:59.000 --> 00:25:02.000
the fact that my parents liked The Beatles.

00:25:02.000 --> 00:25:04.000
My parents hated the fact

00:25:04.000 --> 00:25:06.000
that I listened to

00:25:06.000 --> 00:25:07.000
whatever random rock song

00:25:07.000 --> 00:25:09.000
or rock or rap song

00:25:09.000 --> 00:25:10.000
was on the radio.

00:25:10.000 --> 00:25:11.000
That's inappropriate.

00:25:11.000 --> 00:25:12.000
You can't be listening to that.

00:25:12.000 --> 00:25:13.000
Right?

00:25:13.000 --> 00:25:14.000
And it's just like,

00:25:14.000 --> 00:25:15.000
wait a second,

00:25:15.000 --> 00:25:16.000
that's three generations

00:25:16.000 --> 00:25:18.000
and you can just kind of extrapolate.

00:25:18.000 --> 00:25:19.000
Sorry, this is a really

00:25:19.000 --> 00:25:20.000
long-winded answer, Anton,

00:25:20.000 --> 00:25:25.000
but I don't think there is a

00:25:25.000 --> 00:25:27.000
flip the switch reset or anything.

00:25:27.000 --> 00:25:29.000
I think it's the incentives in the system.

00:25:29.000 --> 00:25:31.000
And when you switch the incentives,

00:25:31.000 --> 00:25:35.000
people start pushing the other way.

00:25:35.000 --> 00:25:38.000
Culture is so important.

00:25:38.000 --> 00:25:44.000
And not all cultures are equal.

00:25:44.000 --> 00:25:45.000
Cultures can be very different.

00:25:45.000 --> 00:25:49.000
Some cultures can be way worse than others.

00:25:49.000 --> 00:25:53.000
Some are better in some ways.

00:25:53.000 --> 00:25:55.000
Going back to movies real quick,

00:25:55.000 --> 00:25:58.000
when you watch the movie Stand By Me as a kid,

00:25:58.000 --> 00:26:00.000
aside from what the story

00:26:00.000 --> 00:26:02.000
of Stand By Me is about,

00:26:02.000 --> 00:26:04.000
you want to go hang out with your friends

00:26:04.000 --> 00:26:06.000
and go venture off in the woods

00:26:06.000 --> 00:26:08.000
and walk down railroad tracks

00:26:08.000 --> 00:26:11.000
and jump in a pond

00:26:11.000 --> 00:26:13.000
and tell jokes with each other.

00:26:13.000 --> 00:26:15.000
When you watch The Sandlot,

00:26:15.000 --> 00:26:19.000
you want to go play a game of pickup baseball.

00:26:19.000 --> 00:26:20.000
Is that what you call it?

00:26:20.000 --> 00:26:22.000
Baseball on a sandlot?

00:26:22.000 --> 00:26:24.000
You want to make s'mores.

00:26:24.000 --> 00:26:25.000
You want to build something

00:26:25.000 --> 00:26:27.000
out of an erector set.

00:26:27.000 --> 00:26:30.000
And I think about cultures

00:26:30.000 --> 00:26:34.000
and mountaineering is very important.

00:26:34.000 --> 00:26:36.000
Ocean exploration is really important.

00:26:36.000 --> 00:26:38.000
Not every culture around the globe

00:26:38.000 --> 00:26:40.000
values those things.

00:26:40.000 --> 00:26:44.000
And so people need to be inspired,

00:26:44.000 --> 00:26:47.000
and especially kids need to be regularly inspired.

00:26:47.000 --> 00:26:48.000
And I'm not going to say

00:26:48.000 --> 00:26:50.000
that just because these things

00:26:50.000 --> 00:26:53.000
that have to do with getting outdoors

00:26:53.000 --> 00:26:55.000
are important.

00:26:55.000 --> 00:26:58.000
I think the VR world also is great.

00:26:58.000 --> 00:26:59.000
The Internet is great.

00:26:59.000 --> 00:27:02.000
Writing code is great.

00:27:02.000 --> 00:27:04.000
You just have to have a balance.

00:27:04.000 --> 00:27:06.000
And especially for kids,

00:27:06.000 --> 00:27:09.000
they just need to be inspired

00:27:09.000 --> 00:27:10.000
so that they even know

00:27:10.000 --> 00:27:12.000
how to balance these things out.

00:27:12.000 --> 00:27:15.000
So they know that if they put on a VR headset

00:27:15.000 --> 00:27:16.000
and they play with their friends

00:27:16.000 --> 00:27:17.000
in the virtual world,

00:27:17.000 --> 00:27:19.000
they should take it off at a certain point

00:27:19.000 --> 00:27:21.000
and go get on their bike and ride

00:27:21.000 --> 00:27:24.000
and go play with friends in real life.

00:27:24.000 --> 00:27:28.000
And very easily,

00:27:28.000 --> 00:27:30.000
generations can lose sight

00:27:30.000 --> 00:27:34.000
of what is truly valuable.

00:27:34.000 --> 00:27:37.000
And part of what has made that happen

00:27:37.000 --> 00:27:40.000
is essentially fiat money.

00:27:40.000 --> 00:27:42.000
Our culture has degraded

00:27:42.000 --> 00:27:44.000
as our money has degraded.

00:27:44.000 --> 00:27:46.000
So as far as Bitcoin is concerned,

00:27:46.000 --> 00:27:49.000
if Bitcoin truly is better money

00:27:49.000 --> 00:27:50.000
and is hard money

00:27:50.000 --> 00:27:52.000
and is going to reset the system,

00:27:52.000 --> 00:27:53.000
then we have an opportunity

00:27:53.000 --> 00:27:55.000
to reestablish values.

00:27:55.000 --> 00:27:58.000
And so you need people like filmmakers

00:27:58.000 --> 00:28:01.000
and people that are making art

00:28:01.000 --> 00:28:03.000
and storytellers

00:28:03.000 --> 00:28:05.000
to help inspire the next generation

00:28:05.000 --> 00:28:06.000
and basically tell them

00:28:06.000 --> 00:28:09.000
what is valuable.

00:28:09.000 --> 00:28:11.000
And I think that's what we're doing here.

00:28:11.000 --> 00:28:13.000
And that's kind of what we're all about.

00:28:13.000 --> 00:28:14.000
Yeah.

00:28:14.000 --> 00:28:16.000
They don't want you to be valuable

00:28:16.000 --> 00:28:19.000
because if you are not valuable

00:28:19.000 --> 00:28:20.000
in and of yourself,

00:28:20.000 --> 00:28:22.000
you can be controlled.

00:28:22.000 --> 00:28:23.000
Period.

00:28:23.000 --> 00:28:25.000
If they are telling you

00:28:25.000 --> 00:28:27.000
where and how to add value,

00:28:27.000 --> 00:28:29.000
they can control you.

00:28:29.000 --> 00:28:31.000
They can control your effort.

00:28:31.000 --> 00:28:32.000
They can control anything

00:28:32.000 --> 00:28:34.000
and everything that they want.

00:28:34.000 --> 00:28:35.000
It's one of, I think,

00:28:35.000 --> 00:28:39.000
the greatest tragedies about abortion

00:28:39.000 --> 00:28:40.000
and of all these other things

00:28:40.000 --> 00:28:42.000
is they are telling you

00:28:42.000 --> 00:28:44.000
that your unborn child

00:28:44.000 --> 00:28:46.000
is not valuable

00:28:46.000 --> 00:28:48.000
and they've convinced you of it.

00:28:48.000 --> 00:28:49.000
They've convinced people

00:28:49.000 --> 00:28:52.000
that there is a binary

00:28:52.000 --> 00:28:54.000
and that binary starts

00:28:54.000 --> 00:28:56.000
as soon as the baby has passed

00:28:56.000 --> 00:28:58.000
through the vaginal canal

00:28:58.000 --> 00:28:59.000
of it is not a baby

00:28:59.000 --> 00:29:01.000
and now it is a baby.

00:29:01.000 --> 00:29:02.000
Whereas, you know,

00:29:02.000 --> 00:29:04.000
if you would take

00:29:04.000 --> 00:29:08.000
any understanding of basic science

00:29:08.000 --> 00:29:10.000
or biology to the animal kingdom,

00:29:10.000 --> 00:29:12.000
that would not be the case.

00:29:12.000 --> 00:29:16.000
And so it's really interesting.

00:29:16.000 --> 00:29:18.000
The.

00:29:20.000 --> 00:29:22.000
You know, C.S. Lewis

00:29:22.000 --> 00:29:25.000
talked about the battle for language.

00:29:25.000 --> 00:29:28.000
And I think that's a world

00:29:28.000 --> 00:29:30.000
where you cannot cede

00:29:30.000 --> 00:29:33.000
any ground whatsoever.

00:29:33.000 --> 00:29:35.000
I posted earlier this week

00:29:35.000 --> 00:29:37.000
about, you know,

00:29:37.000 --> 00:29:38.000
the stuff going on with

00:29:38.000 --> 00:29:39.000
with Bitcoin right now

00:29:39.000 --> 00:29:40.000
about the book.

00:29:40.000 --> 00:29:42.000
If you give a mouse a cookie.

00:29:42.000 --> 00:29:43.000
Right.

00:29:43.000 --> 00:29:44.000
That's literally what's happening

00:29:44.000 --> 00:29:46.000
in Bitcoin world right now.

00:29:46.000 --> 00:29:47.000
And that's also what happened,

00:29:47.000 --> 00:29:48.000
though, with the creature

00:29:48.000 --> 00:29:50.000
from Jekyll Island is, you know,

00:29:50.000 --> 00:29:51.000
you gave these bankers

00:29:51.000 --> 00:29:52.000
and these senators

00:29:52.000 --> 00:29:54.000
and all these, you know,

00:29:54.000 --> 00:29:55.000
people who had authority

00:29:55.000 --> 00:29:59.000
at the time, the small cookie of,

00:29:59.000 --> 00:30:00.000
oh, yeah, we'll let you,

00:30:00.000 --> 00:30:02.000
you know, it sounds like a good idea

00:30:02.000 --> 00:30:04.000
that we should have

00:30:04.000 --> 00:30:05.000
a group of people trying

00:30:05.000 --> 00:30:08.000
to make sure the economy

00:30:08.000 --> 00:30:10.000
can constantly grow.

00:30:10.000 --> 00:30:11.000
That sounds like a great idea.

00:30:11.000 --> 00:30:13.000
I don't face value.

00:30:13.000 --> 00:30:14.000
Sounds great.

00:30:14.000 --> 00:30:16.000
But in actuality,

00:30:16.000 --> 00:30:18.000
you know, economic

00:30:18.000 --> 00:30:19.000
and ecological systems

00:30:19.000 --> 00:30:21.000
are way too complicated

00:30:21.000 --> 00:30:25.000
for anybody to to to control.

00:30:25.000 --> 00:30:27.000
You know, there are too many

00:30:27.000 --> 00:30:28.000
unknowns like earthquakes

00:30:28.000 --> 00:30:31.000
or asteroids,

00:30:31.000 --> 00:30:32.000
you know, weather in general

00:30:32.000 --> 00:30:34.000
and just accidents.

00:30:34.000 --> 00:30:38.000
And so I think one of the biggest.

00:30:38.000 --> 00:30:39.000
Things we need to come

00:30:39.000 --> 00:30:40.000
to terms with as humans

00:30:40.000 --> 00:30:42.000
is that the greatest way

00:30:42.000 --> 00:30:44.000
you can add value

00:30:44.000 --> 00:30:45.000
is.

00:30:45.000 --> 00:30:47.000
To actually understand

00:30:47.000 --> 00:30:57.000
that you're adding value.

00:30:57.000 --> 00:30:58.000
You listen.

00:30:58.000 --> 00:31:02.000
OK, we lost audio

00:31:02.000 --> 00:31:04.000
on JD.

00:31:04.000 --> 00:31:06.000
I'll jump in

00:31:06.000 --> 00:31:09.000
until JD gets back.

00:31:09.000 --> 00:31:10.000
I think that one of the things

00:31:10.000 --> 00:31:12.000
that's that that Anton,

00:31:12.000 --> 00:31:13.000
you mentioned this and JD,

00:31:13.000 --> 00:31:15.000
you definitely touched on this as well.

00:31:15.000 --> 00:31:17.000
But it's the idea of like

00:31:17.000 --> 00:31:19.000
with the measure you use,

00:31:19.000 --> 00:31:20.000
it will be measured back

00:31:20.000 --> 00:31:21.000
to you and more.

00:31:21.000 --> 00:31:23.000
And that's that's 100.

00:31:23.000 --> 00:31:24.000
But that's it right there.

00:31:24.000 --> 00:31:25.000
That's literally the words

00:31:25.000 --> 00:31:28.000
Jesus telling us what's happening

00:31:28.000 --> 00:31:30.000
with the measure you use

00:31:30.000 --> 00:31:32.000
to measure value.

00:31:32.000 --> 00:31:33.000
Use it to you know,

00:31:33.000 --> 00:31:34.000
this is not strictly

00:31:34.000 --> 00:31:35.000
applicable to value.

00:31:35.000 --> 00:31:36.000
It's applied applicable

00:31:36.000 --> 00:31:38.000
to a whole bunch of other stuff.

00:31:38.000 --> 00:31:40.000
But with the measure you use,

00:31:40.000 --> 00:31:41.000
it will be measured

00:31:41.000 --> 00:31:42.000
back to you and more.

00:31:42.000 --> 00:31:44.000
If you measure value

00:31:44.000 --> 00:31:45.000
with a currency

00:31:45.000 --> 00:31:47.000
that debases in value.

00:31:47.000 --> 00:31:49.000
That's going to return to you.

00:31:49.000 --> 00:31:51.000
You will be debased.

00:31:51.000 --> 00:31:52.000
Your value will be debased.

00:31:52.000 --> 00:31:55.000
Your civilization will be debased.

00:31:55.000 --> 00:31:56.000
And it's just for me,

00:31:56.000 --> 00:31:58.000
that's the crux of the whole thing.

00:31:58.000 --> 00:32:00.000
And.

00:32:00.000 --> 00:32:01.000
It really, for me,

00:32:01.000 --> 00:32:02.000
also is the segue,

00:32:02.000 --> 00:32:04.000
the perfect segue to

00:32:04.000 --> 00:32:06.000
how does it get better?

00:32:06.000 --> 00:32:07.000
How do we see it get better?

00:32:07.000 --> 00:32:10.000
How does Bitcoin make this better?

00:32:10.000 --> 00:32:12.000
And Bitcoin

00:32:12.000 --> 00:32:15.000
does not devalue in nature.

00:32:15.000 --> 00:32:17.000
Therefore, when you measure in Bitcoin,

00:32:17.000 --> 00:32:19.000
it returns to you.

00:32:19.000 --> 00:32:20.000
And you it's not only

00:32:20.000 --> 00:32:21.000
that you are not devalued.

00:32:21.000 --> 00:32:22.000
It's that.

00:32:22.000 --> 00:32:24.000
Oh, you the right,

00:32:24.000 --> 00:32:26.000
a righteous judgment

00:32:26.000 --> 00:32:29.000
of value returned to you.

00:32:29.000 --> 00:32:31.000
But then there's more, right?

00:32:31.000 --> 00:32:33.000
So we're talking about.

00:32:33.000 --> 00:32:36.000
We got you now, JD.

00:32:36.000 --> 00:32:39.000
So we're now we're talking about.

00:32:39.000 --> 00:32:42.000
The reversal of.

00:32:42.000 --> 00:32:44.000
The the destruction

00:32:44.000 --> 00:32:46.000
of value in civilization,

00:32:46.000 --> 00:32:47.000
because we now have

00:32:47.000 --> 00:32:49.000
our measuring rightly,

00:32:49.000 --> 00:32:51.000
so we're going to get back rightly

00:32:51.000 --> 00:32:52.000
and more.

00:32:52.000 --> 00:32:54.000
And it's like, bro,

00:32:54.000 --> 00:32:55.000
this is it.

00:32:55.000 --> 00:32:58.000
It's awesome.

00:32:58.000 --> 00:33:00.000
It's probably pretty confusing

00:33:00.000 --> 00:33:02.000
to people who

00:33:02.000 --> 00:33:03.000
haven't really done

00:33:03.000 --> 00:33:05.000
a whole lot of research

00:33:05.000 --> 00:33:07.000
about Bitcoin.

00:33:07.000 --> 00:33:08.000
Why that is the case,

00:33:08.000 --> 00:33:10.000
I think.

00:33:10.000 --> 00:33:11.000
It's just like me

00:33:11.000 --> 00:33:13.000
kind of looking out

00:33:13.000 --> 00:33:14.000
at the sea of people

00:33:14.000 --> 00:33:16.000
who are not like us

00:33:16.000 --> 00:33:17.000
and haven't fallen down

00:33:17.000 --> 00:33:18.000
the Bitcoin rabbit hole

00:33:18.000 --> 00:33:19.000
and studied and studied

00:33:19.000 --> 00:33:20.000
and studied.

00:33:20.000 --> 00:33:22.000
We all are pretty confident

00:33:22.000 --> 00:33:24.000
that over time,

00:33:24.000 --> 00:33:25.000
Bitcoin isn't only going

00:33:25.000 --> 00:33:27.000
to preserve value.

00:33:27.000 --> 00:33:29.000
It's actually going to grow in value

00:33:29.000 --> 00:33:31.000
because it's scarce

00:33:31.000 --> 00:33:33.000
and the value is being eroded

00:33:33.000 --> 00:33:35.000
out of all these other things

00:33:35.000 --> 00:33:36.000
that maybe seem like

00:33:36.000 --> 00:33:37.000
they're preserving value,

00:33:37.000 --> 00:33:38.000
whether it's real estate,

00:33:38.000 --> 00:33:39.000
whether it's the gold,

00:33:39.000 --> 00:33:42.000
whether it's bonds, pensions.

00:33:42.000 --> 00:33:44.000
And we realize that Bitcoin

00:33:44.000 --> 00:33:46.000
having a fixed supply,

00:33:46.000 --> 00:33:47.000
having nobody

00:33:47.000 --> 00:33:48.000
who wants to control it,

00:33:48.000 --> 00:33:49.000
all these people,

00:33:49.000 --> 00:33:50.000
they would love to

00:33:50.000 --> 00:33:51.000
to increase the supply

00:33:51.000 --> 00:33:53.000
and do what the Federal Reserve

00:33:53.000 --> 00:33:55.000
does to our currency,

00:33:55.000 --> 00:33:56.000
but they can't.

00:33:56.000 --> 00:33:57.000
And so all of these

00:33:57.000 --> 00:33:59.000
different things that now

00:33:59.000 --> 00:34:01.000
are how we preserve value

00:34:01.000 --> 00:34:02.000
are going to start

00:34:02.000 --> 00:34:04.000
breaking off a piece of themselves

00:34:04.000 --> 00:34:05.000
like the gold market

00:34:05.000 --> 00:34:06.000
and putting it into Bitcoin.

00:34:06.000 --> 00:34:07.000
And so Bitcoin,

00:34:07.000 --> 00:34:08.000
the value is literally

00:34:08.000 --> 00:34:10.000
going to go up over time.

00:34:10.000 --> 00:34:12.000
We're all very confident

00:34:12.000 --> 00:34:13.000
that that is going to happen.

00:34:13.000 --> 00:34:16.000
And a lot of people can't,

00:34:16.000 --> 00:34:17.000
they just can't wrap

00:34:17.000 --> 00:34:19.000
their mind around it.

00:34:19.000 --> 00:34:20.000
And part of the reason

00:34:20.000 --> 00:34:21.000
why they can't wrap

00:34:21.000 --> 00:34:22.000
their mind around it

00:34:22.000 --> 00:34:23.000
is because we've had

00:34:23.000 --> 00:34:25.000
over like 111 years

00:34:25.000 --> 00:34:27.000
of the Federal Reserve system

00:34:27.000 --> 00:34:29.000
and people just have never seen

00:34:29.000 --> 00:34:31.000
anything that they can compare it to.

00:34:31.000 --> 00:34:32.000
So, I mean,

00:34:32.000 --> 00:34:33.000
we're doing our part

00:34:33.000 --> 00:34:34.000
to tell people

00:34:34.000 --> 00:34:35.000
that you can preserve,

00:34:35.000 --> 00:34:37.000
not just preserve your value,

00:34:37.000 --> 00:34:39.000
but have your value grow

00:34:39.000 --> 00:34:40.000
simply by having

00:34:40.000 --> 00:34:42.000
a low time preference,

00:34:42.000 --> 00:34:44.000
not buying a bunch

00:34:44.000 --> 00:34:47.000
of poorly manufactured junk

00:34:47.000 --> 00:34:48.000
and trying to just burn

00:34:48.000 --> 00:34:49.000
through your money

00:34:49.000 --> 00:34:51.000
and instead creating value,

00:34:51.000 --> 00:34:52.000
taking that value,

00:34:52.000 --> 00:34:54.000
putting it into Bitcoin

00:34:54.000 --> 00:34:56.000
and just chilling out

00:34:56.000 --> 00:34:57.000
and enjoying seeing

00:34:57.000 --> 00:35:00.000
your value increase over time.

00:35:00.000 --> 00:35:03.000
I think it actually gets better too

00:35:03.000 --> 00:35:05.000
when, you know,

00:35:05.000 --> 00:35:07.000
I have a very specific take

00:35:07.000 --> 00:35:09.000
on the opportune stuff,

00:35:09.000 --> 00:35:11.000
but my take is

00:35:13.000 --> 00:35:15.000
people need to care

00:35:15.000 --> 00:35:18.000
about other people.

00:35:18.000 --> 00:35:20.000
And I think the most important

00:35:20.000 --> 00:35:24.000
thing about Bitcoin

00:35:24.000 --> 00:35:28.000
is if you are only operating

00:35:28.000 --> 00:35:30.000
within your own,

00:35:30.000 --> 00:35:32.000
or for yourself,

00:35:32.000 --> 00:35:35.000
if you're only self-interested,

00:35:35.000 --> 00:35:37.000
that is the best way

00:35:37.000 --> 00:35:40.000
for you to interact with Bitcoin.

00:35:40.000 --> 00:35:42.000
But it's also one of the worst ways

00:35:42.000 --> 00:35:43.000
to interact with Bitcoin.

00:35:43.000 --> 00:35:44.000
And so what I mean by that is

00:35:44.000 --> 00:35:45.000
if you're not thinking

00:35:45.000 --> 00:35:46.000
about that proverb

00:35:46.000 --> 00:35:47.000
that you brought up of,

00:35:47.000 --> 00:35:48.000
you know, leaving something

00:35:48.000 --> 00:35:49.000
for your children's children

00:35:49.000 --> 00:35:51.000
or leaving a better world

00:35:51.000 --> 00:35:53.000
for your children's children,

00:35:53.000 --> 00:35:55.000
we run the risk of losing this.

00:35:55.000 --> 00:35:56.000
This is actually

00:35:56.000 --> 00:35:59.000
the only time this has ever been tried.

00:35:59.000 --> 00:36:00.000
And, you know,

00:36:00.000 --> 00:36:01.000
we're still in infancy

00:36:01.000 --> 00:36:02.000
and we're still not out of the woods.

00:36:02.000 --> 00:36:04.000
You know, we're still in this place

00:36:04.000 --> 00:36:05.000
where we're figuring it out.

00:36:05.000 --> 00:36:07.000
You know, it's the digital age.

00:36:07.000 --> 00:36:08.000
You know, this is kind of like

00:36:08.000 --> 00:36:09.000
that moment where people

00:36:09.000 --> 00:36:11.000
finally invented bronze armor

00:36:11.000 --> 00:36:12.000
and like, cool,

00:36:12.000 --> 00:36:13.000
we're going to go fight those guys

00:36:13.000 --> 00:36:15.000
who have sticks now.

00:36:15.000 --> 00:36:16.000
Maybe this will be better

00:36:16.000 --> 00:36:17.000
and it was better

00:36:17.000 --> 00:36:18.000
and then the Iron Age came.

00:36:18.000 --> 00:36:19.000
And so it's like we're kind of

00:36:19.000 --> 00:36:20.000
in the first iteration

00:36:20.000 --> 00:36:22.000
of how this works.

00:36:22.000 --> 00:36:23.000
And as we know,

00:36:23.000 --> 00:36:24.000
with like the Bronze Age

00:36:24.000 --> 00:36:25.000
and the Iron Age

00:36:25.000 --> 00:36:27.000
and then we had the, you know,

00:36:27.000 --> 00:36:30.000
the Industrial Revolution,

00:36:30.000 --> 00:36:31.000
you know, all these things

00:36:31.000 --> 00:36:32.000
just were additive

00:36:32.000 --> 00:36:33.000
and they kept building

00:36:33.000 --> 00:36:34.000
and building and building

00:36:34.000 --> 00:36:36.000
and getting better and better.

00:36:36.000 --> 00:36:37.000
And so I don't know

00:36:37.000 --> 00:36:38.000
if Bitcoin's going to look like

00:36:38.000 --> 00:36:39.000
what it looks like now

00:36:39.000 --> 00:36:40.000
50 years from now

00:36:40.000 --> 00:36:41.000
or 100 years from now.

00:36:41.000 --> 00:36:45.000
But I think what's cool

00:36:45.000 --> 00:36:47.000
is we have this opportunity

00:36:47.000 --> 00:36:50.000
to try and actually have

00:36:50.000 --> 00:36:52.000
a deflationary currency

00:36:52.000 --> 00:36:54.000
for the first time in human existence

00:36:54.000 --> 00:36:56.000
that can't be futzed with

00:36:56.000 --> 00:36:58.000
if we can get everybody to agree

00:36:58.000 --> 00:37:03.000
that that is a core fundamental truth

00:37:03.000 --> 00:37:08.000
of value that transcends time

00:37:08.000 --> 00:37:10.000
is valuable.

00:37:10.000 --> 00:37:11.000
And I think if we can get people

00:37:11.000 --> 00:37:12.000
to agree on that,

00:37:12.000 --> 00:37:14.000
then they'll set their sights

00:37:14.000 --> 00:37:17.000
on super low time preference activities

00:37:17.000 --> 00:37:18.000
like building cathedrals again,

00:37:18.000 --> 00:37:20.000
building products that actually last

00:37:20.000 --> 00:37:22.000
without planned obsolescence.

00:37:22.000 --> 00:37:23.000
So we're going to make this thing

00:37:23.000 --> 00:37:24.000
that actually lasts forever,

00:37:24.000 --> 00:37:25.000
which I do actually think

00:37:25.000 --> 00:37:26.000
you see with Tesla, right?

00:37:26.000 --> 00:37:27.000
Tesla just makes one thing

00:37:27.000 --> 00:37:28.000
and they don't brand it

00:37:28.000 --> 00:37:29.000
as this new thing.

00:37:29.000 --> 00:37:30.000
You don't have to upgrade every year.

00:37:30.000 --> 00:37:31.000
They just push software updates.

00:37:31.000 --> 00:37:32.000
And so I think the digital age

00:37:32.000 --> 00:37:38.000
is actually really, really poised

00:37:38.000 --> 00:37:39.000
to move people

00:37:39.000 --> 00:37:42.000
towards a low time preference again.

00:37:42.000 --> 00:37:44.000
Can I say one more thing on this?

00:37:44.000 --> 00:37:45.000
Because you just brought up something

00:37:45.000 --> 00:37:48.000
that what we're doing

00:37:48.000 --> 00:37:51.000
is we are telling the story of Bitcoin.

00:37:51.000 --> 00:37:55.000
We are establishing the culture for Bitcoin.

00:37:55.000 --> 00:37:56.000
And in the same way

00:37:56.000 --> 00:37:57.000
that we saw the block size war,

00:37:57.000 --> 00:37:58.000
you had a group of people,

00:37:58.000 --> 00:37:59.000
you had on Reddit,

00:37:59.000 --> 00:38:01.000
you had rBTC,

00:38:01.000 --> 00:38:02.000
which were the people

00:38:02.000 --> 00:38:04.000
who ended up going with Bitcoin cash,

00:38:04.000 --> 00:38:07.000
a worthless altcoin scam, essentially.

00:38:07.000 --> 00:38:10.000
And then you had rBitcoin,

00:38:10.000 --> 00:38:11.000
which was pushing

00:38:11.000 --> 00:38:13.000
for what is Bitcoin today.

00:38:13.000 --> 00:38:15.000
And we have a similar thing

00:38:15.000 --> 00:38:17.000
happening right now in Bitcoin.

00:38:17.000 --> 00:38:20.000
So people need to be taught

00:38:20.000 --> 00:38:23.000
what the real values are.

00:38:23.000 --> 00:38:25.000
I'm going to use the dumbest example ever

00:38:25.000 --> 00:38:26.000
because I've been itching to talk about it.

00:38:26.000 --> 00:38:28.000
It's just what I'm into right now.

00:38:28.000 --> 00:38:30.000
I've gotten into a rabbit hole

00:38:30.000 --> 00:38:34.000
of the restoration of vintage bicycles.

00:38:34.000 --> 00:38:36.000
Most of them were made in the US

00:38:36.000 --> 00:38:39.000
and there are these people on YouTube

00:38:39.000 --> 00:38:42.000
who are essentially rescuing bike frames

00:38:42.000 --> 00:38:43.000
off of Facebook Marketplace.

00:38:43.000 --> 00:38:45.000
And then they're fixing them up,

00:38:45.000 --> 00:38:47.000
adding value,

00:38:47.000 --> 00:38:49.000
and then they're reselling them to people.

00:38:49.000 --> 00:38:52.000
And now people get a fixed up perfect bicycle

00:38:52.000 --> 00:38:54.000
that is literally better than a bicycle

00:38:54.000 --> 00:38:56.000
that you could go buy at a bicycle shop

00:38:56.000 --> 00:38:57.000
for thousands of dollars.

00:38:57.000 --> 00:38:59.000
It only cost them $500.

00:38:59.000 --> 00:39:01.000
But the thing is,

00:39:01.000 --> 00:39:03.000
why would somebody go buy

00:39:03.000 --> 00:39:06.000
this old 90s bicycle

00:39:06.000 --> 00:39:08.000
when they didn't value it before?

00:39:08.000 --> 00:39:10.000
But because of the popularity

00:39:10.000 --> 00:39:11.000
of these YouTube channels,

00:39:11.000 --> 00:39:14.000
they're being taught to value something

00:39:14.000 --> 00:39:16.000
that is actually valuable.

00:39:16.000 --> 00:39:17.000
And that's what we're doing

00:39:17.000 --> 00:39:19.000
and what more Bitcoiners need to do.

00:39:19.000 --> 00:39:21.000
We need to teach people

00:39:21.000 --> 00:39:24.000
what the values of Bitcoin are

00:39:24.000 --> 00:39:26.000
and just continue to tell the story of Bitcoin

00:39:26.000 --> 00:39:28.000
and spread this message.

00:39:28.000 --> 00:39:31.000
And that is how Bitcoin will continue to exist

00:39:31.000 --> 00:39:33.000
in 50 years.

00:39:35.000 --> 00:39:36.000
I don't know.

00:39:36.000 --> 00:39:38.000
That may be a horrible analogy.

00:39:38.000 --> 00:39:39.000
No, it makes sense.

00:39:39.000 --> 00:39:42.000
It's the low time preference stuff.

00:39:42.000 --> 00:39:44.000
I mean,

00:39:44.000 --> 00:39:46.000
the up return stuff is like

00:39:46.000 --> 00:39:49.000
you can kind of see it in the cultural

00:39:49.000 --> 00:39:50.000
as a cultural debate.

00:39:50.000 --> 00:39:52.000
Just that alone, right?

00:39:52.000 --> 00:39:53.000
There's people who are like,

00:39:53.000 --> 00:39:55.000
no, we want this to

00:39:55.000 --> 00:39:57.000
have a low time preference.

00:39:57.000 --> 00:39:59.000
And then there's the other side of the debate

00:39:59.000 --> 00:40:00.000
that's like,

00:40:00.000 --> 00:40:03.000
no, we want wizard dick pics.

00:40:03.000 --> 00:40:07.000
It's like these MS Paint pictures.

00:40:09.000 --> 00:40:11.000
It's hard to paint a picture

00:40:11.000 --> 00:40:13.000
of the disparity there.

00:40:13.000 --> 00:40:15.000
People who have embraced

00:40:15.000 --> 00:40:16.000
low time preference

00:40:16.000 --> 00:40:18.000
versus the people who have embraced

00:40:18.000 --> 00:40:20.000
and have just been brainwashed by fiat

00:40:20.000 --> 00:40:22.000
for high time preference.

00:40:22.000 --> 00:40:24.000
Consumption, consumption, consumption, right?

00:40:24.000 --> 00:40:27.000
That's really,

00:40:27.000 --> 00:40:29.000
that kind of sets a standard.

00:40:29.000 --> 00:40:32.000
One of those is literally just a fiat paradigm

00:40:32.000 --> 00:40:36.000
that they're trying to continue fiat.

00:40:36.000 --> 00:40:38.000
We just want fiat all over again.

00:40:38.000 --> 00:40:39.000
Fiat, fiat, fiat.

00:40:39.000 --> 00:40:40.000
All the way down.

00:40:40.000 --> 00:40:41.000
Bright, shiny colors.

00:40:41.000 --> 00:40:43.000
Turn your mind off.

00:40:43.000 --> 00:40:45.000
Consume as much as you can.

00:40:45.000 --> 00:40:47.000
Get the sticky fingers.

00:40:47.000 --> 00:40:50.000
It's just fiat all the way down, right?

00:40:50.000 --> 00:40:52.000
The other side is like,

00:40:52.000 --> 00:40:53.000
no, wait.

00:40:53.000 --> 00:40:55.000
If we actually are deliberate,

00:40:55.000 --> 00:40:56.000
if we plan,

00:40:56.000 --> 00:40:59.000
and if we think about long-term consequences,

00:40:59.000 --> 00:41:02.000
and if we organize and design accordingly,

00:41:02.000 --> 00:41:04.000
we're going to have real opportunities

00:41:04.000 --> 00:41:07.000
that are going to really shape civilization.

00:41:07.000 --> 00:41:08.000
As J.D. said,

00:41:08.000 --> 00:41:11.000
we're going to be set up to,

00:41:11.000 --> 00:41:13.000
it's not just going to be that,

00:41:13.000 --> 00:41:15.000
well, maybe we'll be able to build cathedrals again.

00:41:15.000 --> 00:41:16.000
It's going to be like,

00:41:16.000 --> 00:41:18.000
no, every town is going to start building cathedrals

00:41:18.000 --> 00:41:21.000
because that's what everybody in every town

00:41:21.000 --> 00:41:23.000
is going to want to do.

00:41:23.000 --> 00:41:26.000
That's the low time preference culture, right?

00:41:26.000 --> 00:41:27.000
It's not just one guy.

00:41:27.000 --> 00:41:29.000
It's not an Elon Musk being like,

00:41:29.000 --> 00:41:31.000
I'm going to be the guy that goes to Mars.

00:41:31.000 --> 00:41:32.000
It's like, no, no, no.

00:41:32.000 --> 00:41:35.000
Everybody in culture thinking like that.

00:41:35.000 --> 00:41:37.000
Every single person.

00:41:37.000 --> 00:41:39.000
That's what Bitcoin does.

00:41:40.000 --> 00:41:41.000
It literally changes,

00:41:41.000 --> 00:41:44.000
it completely from the ground up changes

00:41:44.000 --> 00:41:45.000
who you are,

00:41:45.000 --> 00:41:46.000
what you think about,

00:41:46.000 --> 00:41:47.000
all the stuff.

00:41:47.000 --> 00:41:48.000
For me personally,

00:41:48.000 --> 00:41:49.000
I may have told this story before,

00:41:49.000 --> 00:41:52.000
I grew up listening to,

00:41:52.000 --> 00:41:54.000
as I mentioned,

00:41:54.000 --> 00:41:56.000
rap, hip-hop, rock,

00:41:56.000 --> 00:41:59.000
and then I got super into electronic dance music,

00:41:59.000 --> 00:42:01.000
and I DJed for a long time,

00:42:01.000 --> 00:42:02.000
and produced,

00:42:02.000 --> 00:42:03.000
and the whole rest of it.

00:42:03.000 --> 00:42:05.000
Since I've gotten into Bitcoin,

00:42:05.000 --> 00:42:06.000
there was at some point,

00:42:06.000 --> 00:42:08.000
there was a shift where it was like,

00:42:08.000 --> 00:42:09.000
wait a second.

00:42:09.000 --> 00:42:13.000
None of this is actually interesting as music anymore,

00:42:13.000 --> 00:42:15.000
and I just have basically just been listening

00:42:15.000 --> 00:42:17.000
to classical music ever since.

00:42:17.000 --> 00:42:21.000
It literally changes your time preferences

00:42:21.000 --> 00:42:24.000
about what you consume in culture.

00:42:24.000 --> 00:42:25.000
You know, like,

00:42:25.000 --> 00:42:26.000
oh, actually,

00:42:26.000 --> 00:42:29.000
what I was just thinking about this,

00:42:29.000 --> 00:42:32.000
this is actually just boring to listen to now,

00:42:32.000 --> 00:42:33.000
versus,

00:42:33.000 --> 00:42:34.000
oh, this is interesting.

00:42:34.000 --> 00:42:36.000
They're doing some interesting stuff.

00:42:36.000 --> 00:42:38.000
I've never heard something like this before.

00:42:38.000 --> 00:42:41.000
It really changes how you think about the world,

00:42:41.000 --> 00:42:42.000
and how you participate in the world,

00:42:42.000 --> 00:42:43.000
and it goes back to,

00:42:43.000 --> 00:42:44.000
how do you create value?

00:42:44.000 --> 00:42:45.000
Well,

00:42:45.000 --> 00:42:46.000
if you've just been like,

00:42:46.000 --> 00:42:49.000
if you listen to the same thing over and over on repeat,

00:42:49.000 --> 00:42:50.000
electronic dance music,

00:42:50.000 --> 00:42:52.000
versus something where it's like,

00:42:52.000 --> 00:42:53.000
you're constantly being challenged

00:42:53.000 --> 00:42:55.000
about all sorts of new interesting things,

00:42:55.000 --> 00:42:56.000
well,

00:42:56.000 --> 00:42:57.000
how are you going to be able to create value?

00:42:57.000 --> 00:42:58.000
Well,

00:42:58.000 --> 00:42:59.000
it's easy,

00:42:59.000 --> 00:43:00.000
because you have so much more,

00:43:00.000 --> 00:43:01.000
so much bigger,

00:43:01.000 --> 00:43:03.000
larger repertoire to pull from,

00:43:03.000 --> 00:43:04.000
right?

00:43:04.000 --> 00:43:05.000
They are not trying to shut you down

00:43:05.000 --> 00:43:08.000
with their just monotonous brainwashing.

00:43:08.000 --> 00:43:10.000
You can then have an original thought,

00:43:10.000 --> 00:43:11.000
have an original idea,

00:43:11.000 --> 00:43:12.000
like,

00:43:12.000 --> 00:43:13.000
create something for somebody

00:43:13.000 --> 00:43:15.000
that they didn't know they needed,

00:43:15.000 --> 00:43:17.000
or that they've been trying to do themselves,

00:43:17.000 --> 00:43:18.000
but weren't able to,

00:43:18.000 --> 00:43:19.000
like,

00:43:19.000 --> 00:43:21.000
because you now have a larger skill set,

00:43:21.000 --> 00:43:22.000
a larger,

00:43:22.000 --> 00:43:23.000
you know,

00:43:23.000 --> 00:43:25.000
jumping pad to jump off from.

00:43:25.000 --> 00:43:26.000
It's,

00:43:26.000 --> 00:43:27.000
and Bitcoin does all of that.

00:43:27.000 --> 00:43:28.000
It's,

00:43:28.000 --> 00:43:30.000
it's unbelievable.

00:43:31.000 --> 00:43:33.000
Having a long-term mindset,

00:43:33.000 --> 00:43:36.000
or a low time preference,

00:43:36.000 --> 00:43:37.000
proclivity,

00:43:37.000 --> 00:43:39.000
changes how you think.

00:43:39.000 --> 00:43:41.000
And so I'm curious for you guys,

00:43:41.000 --> 00:43:42.000
like,

00:43:42.000 --> 00:43:45.000
how has Bitcoin changed how you think?

00:43:47.000 --> 00:43:49.000
I was just thinking it would be super interesting

00:43:49.000 --> 00:43:52.000
to hear different Bitcoiners talk about,

00:43:52.000 --> 00:43:55.000
after discovering Bitcoin,

00:43:55.000 --> 00:43:57.000
and really learning about it,

00:43:57.000 --> 00:43:58.000
how certain patterns change.

00:43:58.000 --> 00:43:59.000
The same way for Bondur,

00:43:59.000 --> 00:44:01.000
his musical taste changed.

00:44:01.000 --> 00:44:03.000
For me,

00:44:03.000 --> 00:44:05.000
I hear people talking about the latest series,

00:44:05.000 --> 00:44:08.000
and there's some great series on,

00:44:08.000 --> 00:44:09.000
you know,

00:44:09.000 --> 00:44:10.000
Apple TV,

00:44:10.000 --> 00:44:11.000
Netflix,

00:44:11.000 --> 00:44:12.000
Amazon,

00:44:12.000 --> 00:44:13.000
whatever.

00:44:13.000 --> 00:44:14.000
I just don't have any interest

00:44:14.000 --> 00:44:16.000
in watching pop culture stuff,

00:44:16.000 --> 00:44:17.000
for whatever reason.

00:44:17.000 --> 00:44:18.000
And for me,

00:44:18.000 --> 00:44:19.000
I've,

00:44:19.000 --> 00:44:21.000
I've wanted to,

00:44:21.000 --> 00:44:22.000
basically,

00:44:22.000 --> 00:44:24.000
read really old books,

00:44:24.000 --> 00:44:27.000
and watch older classic films.

00:44:27.000 --> 00:44:30.000
And that's pretty much all I'm interested in right now.

00:44:30.000 --> 00:44:32.000
And I just,

00:44:32.000 --> 00:44:33.000
I don't know.

00:44:33.000 --> 00:44:34.000
The,

00:44:34.000 --> 00:44:37.000
I don't find as much value

00:44:37.000 --> 00:44:41.000
in the current stuff that's being made.

00:44:41.000 --> 00:44:43.000
And I have a feeling that a lot of Bitcoiners

00:44:43.000 --> 00:44:45.000
are having a similar experience

00:44:45.000 --> 00:44:47.000
in all kinds of different forms of art,

00:44:47.000 --> 00:44:49.000
and intellectual stuff.

00:44:49.000 --> 00:44:50.000
Absolutely.

00:44:50.000 --> 00:44:53.000
You literally just start to see,

00:44:53.000 --> 00:44:54.000
like,

00:44:54.000 --> 00:44:56.000
almost like the scales fall from your eyes, right?

00:44:56.000 --> 00:44:57.000
You start to see,

00:44:57.000 --> 00:44:58.000
oh, well,

00:44:58.000 --> 00:44:59.000
that,

00:44:59.000 --> 00:45:01.000
that song is literally just the same song

00:45:01.000 --> 00:45:03.000
as the one that came out the year before.

00:45:03.000 --> 00:45:04.000
Or that politician

00:45:04.000 --> 00:45:07.000
is literally the same platform

00:45:07.000 --> 00:45:09.000
that his opponent had four years before.

00:45:09.000 --> 00:45:10.000
Like,

00:45:10.000 --> 00:45:11.000
we're literally dealing with the same,

00:45:11.000 --> 00:45:12.000
you just,

00:45:12.000 --> 00:45:13.000
it's like all of it's just,

00:45:13.000 --> 00:45:14.000
you're just,

00:45:14.000 --> 00:45:15.000
somehow,

00:45:15.000 --> 00:45:17.000
the fiat world is just blind to all of it.

00:45:17.000 --> 00:45:18.000
But when you become a Bitcoiner,

00:45:18.000 --> 00:45:20.000
your time difference is lower a little bit.

00:45:20.000 --> 00:45:21.000
You think a little bit more.

00:45:21.000 --> 00:45:22.000
You're like,

00:45:22.000 --> 00:45:23.000
wait a second.

00:45:23.000 --> 00:45:24.000
This was,

00:45:24.000 --> 00:45:25.000
I was into that garbage?

00:45:25.000 --> 00:45:26.000
Like,

00:45:26.000 --> 00:45:27.000
how was I into that garbage?

00:45:27.000 --> 00:45:28.000
That's crazy,

00:45:28.000 --> 00:45:29.000
right?

00:45:31.000 --> 00:45:32.000
Do you have one,

00:45:32.000 --> 00:45:33.000
JD?

00:45:33.000 --> 00:45:35.000
Have you had a similar experience?

00:45:35.000 --> 00:45:36.000
I did.

00:45:36.000 --> 00:45:37.000
The biggest thing,

00:45:37.000 --> 00:45:38.000
JD's a baby Bitcoiner,

00:45:38.000 --> 00:45:39.000
so he might not be.

00:45:39.000 --> 00:45:40.000
I am.

00:45:40.000 --> 00:45:41.000
These things take a long time.

00:45:41.000 --> 00:45:42.000
Like,

00:45:42.000 --> 00:45:43.000
it's,

00:45:43.000 --> 00:45:44.000
it really does take a long time.

00:45:44.000 --> 00:45:46.000
I will say the biggest shift

00:45:46.000 --> 00:45:50.000
for me moving to a low time preference

00:45:50.000 --> 00:45:52.000
mode of thinking

00:45:52.000 --> 00:45:53.000
is

00:45:53.000 --> 00:45:55.000
embracing pain.

00:45:55.000 --> 00:45:57.000
And so what I mean by that is,

00:45:57.000 --> 00:45:59.000
I started taking cold showers

00:45:59.000 --> 00:46:01.000
and taking cold showers has been the single

00:46:01.000 --> 00:46:04.000
most transformative thing I've done in my life.

00:46:04.000 --> 00:46:07.000
I can have a really crappy day

00:46:07.000 --> 00:46:08.000
and go take a cold shower

00:46:08.000 --> 00:46:09.000
and I force myself,

00:46:09.000 --> 00:46:10.000
like,

00:46:10.000 --> 00:46:11.000
it's not fun.

00:46:11.000 --> 00:46:12.000
Like,

00:46:12.000 --> 00:46:13.000
cold showers are not fun,

00:46:13.000 --> 00:46:14.000
right?

00:46:14.000 --> 00:46:16.000
But the discipline of standing there

00:46:16.000 --> 00:46:19.000
and just reasing yourself out for a minute

00:46:19.000 --> 00:46:21.000
and just focusing on your breath,

00:46:21.000 --> 00:46:22.000
because the only way to get through a cold shower

00:46:22.000 --> 00:46:23.000
is to focus on your breath.

00:46:23.000 --> 00:46:25.000
You kind of have to get rid of everything else

00:46:25.000 --> 00:46:27.000
and just center yourself

00:46:27.000 --> 00:46:28.000
and then just stand there.

00:46:28.000 --> 00:46:29.000
And then,

00:46:29.000 --> 00:46:30.000
you know,

00:46:30.000 --> 00:46:31.000
for me,

00:46:31.000 --> 00:46:32.000
I intentionally like,

00:46:32.000 --> 00:46:33.000
all right,

00:46:33.000 --> 00:46:34.000
this is the least comfortable position.

00:46:34.000 --> 00:46:35.000
Do that.

00:46:35.000 --> 00:46:37.000
It continues to remind me that no matter

00:46:37.000 --> 00:46:40.000
how bad something can go,

00:46:40.000 --> 00:46:41.000
I can do it,

00:46:41.000 --> 00:46:42.000
I can get through it,

00:46:42.000 --> 00:46:43.000
and I can find a way to win.

00:46:43.000 --> 00:46:44.000
It's,

00:46:44.000 --> 00:46:45.000
it's,

00:46:45.000 --> 00:46:46.000
it's it.

00:46:46.000 --> 00:46:47.000
And

00:46:47.000 --> 00:46:50.000
I think that has been so helpful.

00:46:50.000 --> 00:46:51.000
I'm not perfect at it.

00:46:51.000 --> 00:46:52.000
You know,

00:46:52.000 --> 00:46:53.000
I'm still having moments where,

00:46:53.000 --> 00:46:54.000
you know,

00:46:54.000 --> 00:46:55.000
without vision that people perish.

00:46:55.000 --> 00:46:57.000
And so I'm doing a lot of like vision seeking right now.

00:46:57.000 --> 00:46:58.000
What do I want to be doing?

00:46:58.000 --> 00:47:00.000
How do I want to be adding to this world?

00:47:00.000 --> 00:47:03.000
I think the biggest thing for me is I do want to be telling Bitcoin stories

00:47:03.000 --> 00:47:09.000
and helping people move into a higher version of themselves

00:47:09.000 --> 00:47:10.000
with a,

00:47:10.000 --> 00:47:15.000
a lower time preference mindset and stories to kind of move your lore to move you in that way.

00:47:16.000 --> 00:47:17.000
But it is not,

00:47:17.000 --> 00:47:18.000
it's not easy.

00:47:18.000 --> 00:47:19.000
Every day is a battle.

00:47:19.000 --> 00:47:20.000
Every day is a battle.

00:47:20.000 --> 00:47:27.000
But having a low time preference mindset or a long term vision for the future

00:47:27.000 --> 00:47:29.000
that can be better for your kids and your kids,

00:47:29.000 --> 00:47:31.000
kids that you will never experience.

00:47:32.000 --> 00:47:35.000
It's interesting because you realize it's like,

00:47:35.000 --> 00:47:35.000


00:47:35.000 --> 00:47:36.000
it's the butterfly effect.

00:47:36.000 --> 00:47:41.000
My cold shower today that sucked might make the world a better place tomorrow.

00:47:44.000 --> 00:47:44.000


00:47:44.000 --> 00:47:46.000
I think one thing that's coming to mind.

00:47:47.000 --> 00:47:48.000
Now you're saying that.

00:47:50.000 --> 00:47:51.000
Did I just lose it again?

00:47:51.000 --> 00:47:54.000
I got to pay more attention to my own thoughts.

00:47:55.000 --> 00:47:56.000
I have something.

00:47:56.000 --> 00:47:57.000
I'll take a second.

00:47:57.000 --> 00:47:58.000
Go for it.

00:47:58.000 --> 00:47:58.000


00:47:58.000 --> 00:47:59.000
I was just going to say,

00:47:59.000 --> 00:48:00.000
you know,

00:48:00.000 --> 00:48:01.000
as far as leaving,

00:48:01.000 --> 00:48:04.000
leaving inheritance to your children's children,

00:48:04.000 --> 00:48:05.000
it's honestly,

00:48:05.000 --> 00:48:10.000
it's hard for me to imagine Bitcoin two generations from now.

00:48:10.000 --> 00:48:15.000
It's just hard for me to picture it because Bitcoin has only been around for not even half of my life.

00:48:15.000 --> 00:48:16.000
So I'm like,

00:48:16.000 --> 00:48:18.000
how could it be around two generations from now?

00:48:18.000 --> 00:48:19.000
Like,

00:48:19.000 --> 00:48:20.000
what are computers going to look like?

00:48:20.000 --> 00:48:21.000
What's the Internet going to look like?

00:48:22.000 --> 00:48:24.000
So that's just I'm just being honest.

00:48:24.000 --> 00:48:25.000
That's just how I feel.

00:48:25.000 --> 00:48:29.000
But when I think about actual inheritance,

00:48:30.000 --> 00:48:33.000
what the process of inheritance looks like as a U.S.

00:48:33.000 --> 00:48:39.000
citizen of taking an amount of money and then giving it to your children,

00:48:39.000 --> 00:48:41.000
how do you divvy it up between your children?

00:48:41.000 --> 00:48:42.000
How,

00:48:42.000 --> 00:48:48.000
how much of it gets does is the state going to capture as a death tax or an inheritance tax?

00:48:48.000 --> 00:48:49.000
Well,

00:48:49.000 --> 00:48:50.000
with Bitcoin,

00:48:50.000 --> 00:48:54.000
I literally took some Bitcoin and I put it on a couple of open dimes a while ago.

00:48:54.000 --> 00:48:56.000
I can't remember how much I put on it,

00:48:56.000 --> 00:48:59.000
and I just made an open dime for each of my children.

00:49:00.000 --> 00:49:02.000
They will be able to take that,

00:49:03.000 --> 00:49:04.000
that Bitcoin.

00:49:04.000 --> 00:49:05.000
It's a quiet asset.

00:49:05.000 --> 00:49:07.000
Nobody knows it exists.

00:49:08.000 --> 00:49:10.000
And then apart from everybody online now.

00:49:10.000 --> 00:49:11.000
Yeah,

00:49:11.000 --> 00:49:12.000
everybody knows.

00:49:12.000 --> 00:49:13.000
Maybe I'm talking theoretically.

00:49:13.000 --> 00:49:14.000
I don't know.

00:49:14.000 --> 00:49:15.000
Maybe I'll lose them.

00:49:15.000 --> 00:49:16.000
Maybe they fell in the lake.

00:49:16.000 --> 00:49:17.000
I don't know.

00:49:18.000 --> 00:49:19.000
But gold,

00:49:19.000 --> 00:49:20.000
yeah,

00:49:20.000 --> 00:49:21.000
gold has been the same way where,

00:49:21.000 --> 00:49:22.000
you know,

00:49:22.000 --> 00:49:23.000
if you had a gold coin,

00:49:23.000 --> 00:49:24.000
you could,

00:49:24.000 --> 00:49:25.000
you could give it to your to your kid.

00:49:25.000 --> 00:49:35.000
But it does at least give you the power to have an inheritance that is not with a trusted third party,

00:49:35.000 --> 00:49:41.000
that you can literally give to your children or your grandchildren with nobody else being involved.

00:49:42.000 --> 00:49:46.000
And aside from gold that hasn't really existed ever before.

00:49:47.000 --> 00:49:48.000
And that's just cool.

00:49:49.000 --> 00:49:51.000
So I got my point now.

00:49:51.000 --> 00:49:52.000
Um,

00:49:52.000 --> 00:49:52.000


00:49:52.000 --> 00:49:53.000
you mentioned this,

00:49:53.000 --> 00:49:54.000
Anton,

00:49:54.000 --> 00:49:54.000


00:49:54.000 --> 00:49:57.000
you're skirting around this as well.

00:49:57.000 --> 00:49:59.000
And the point is like,

00:49:59.000 --> 00:50:00.000
why?

00:50:00.000 --> 00:50:02.000
Who cares about low time preference?

00:50:02.000 --> 00:50:03.000
Like who cares about high time preference?

00:50:03.000 --> 00:50:04.000
We're all in the postmodern world.

00:50:04.000 --> 00:50:05.000
It's all just postmodern.

00:50:05.000 --> 00:50:06.000
Nothing matters.

00:50:06.000 --> 00:50:07.000
Whatever you do,

00:50:07.000 --> 00:50:08.000
it's cool for you.

00:50:08.000 --> 00:50:09.000
And it's like,

00:50:09.000 --> 00:50:10.000
no,

00:50:10.000 --> 00:50:11.000
no,

00:50:11.000 --> 00:50:12.000
no,

00:50:12.000 --> 00:50:13.000
no,

00:50:13.000 --> 00:50:14.000
no,

00:50:14.000 --> 00:50:15.000
you're not.

00:50:15.000 --> 00:50:16.000
You're not getting it.

00:50:16.000 --> 00:50:17.000
If you're coming at it from that angle,

00:50:17.000 --> 00:50:18.000
what we're talking about is adding meaning to your life.

00:50:18.000 --> 00:50:20.000
Postmodernism is devoid of meeting.

00:50:20.000 --> 00:50:22.000
There is no meaning in your life.

00:50:22.000 --> 00:50:24.000
And part of that is because of high time preference.

00:50:25.000 --> 00:50:27.000
When your time preferences are high,

00:50:27.000 --> 00:50:29.000
all you can think about is me here now,

00:50:29.000 --> 00:50:30.000
drug,

00:50:30.000 --> 00:50:31.000
sex,

00:50:31.000 --> 00:50:32.000
violence,

00:50:32.000 --> 00:50:33.000
there is no tomorrow,

00:50:33.000 --> 00:50:34.000
or maybe there is.

00:50:34.000 --> 00:50:35.000
I don't know.

00:50:35.000 --> 00:50:37.000
We're going to roll the dice and see.

00:50:38.000 --> 00:50:40.000
But when you think I'm low time preference,

00:50:40.000 --> 00:50:41.000
all of these things have meaning.

00:50:41.000 --> 00:50:42.000
All of a sudden,

00:50:42.000 --> 00:50:45.000
it deeply matters what you do.

00:50:45.000 --> 00:50:47.000
It deeply matters that you add value to people's lives.

00:50:47.000 --> 00:50:50.000
It deeply matters how you spend your time.

00:50:50.000 --> 00:50:51.000
And,

00:50:51.000 --> 00:50:52.000
well,

00:50:52.000 --> 00:50:53.000
wait a second.

00:50:53.000 --> 00:50:54.000
We bit like me,

00:50:54.000 --> 00:50:57.000
a millennial who grew up in a postmodern society,

00:50:57.000 --> 00:50:59.000
and like went through all of that.

00:50:59.000 --> 00:51:00.000
Brainwashed by all of us.

00:51:00.000 --> 00:51:01.000
Like,

00:51:01.000 --> 00:51:02.000
I mean,

00:51:02.000 --> 00:51:03.000
just do whatever you want.

00:51:03.000 --> 00:51:04.000
Whatever.

00:51:04.000 --> 00:51:05.000
It's all good.

00:51:05.000 --> 00:51:06.000
But,

00:51:06.000 --> 00:51:07.000
all of that,

00:51:07.000 --> 00:51:09.000
you lose the value.

00:51:09.000 --> 00:51:11.000
There's no more value anymore,

00:51:11.000 --> 00:51:13.000
if that's what you want to believe.

00:51:13.000 --> 00:51:15.000
But if you lower your time preferences,

00:51:15.000 --> 00:51:16.000
and you start thinking about kids,

00:51:16.000 --> 00:51:19.000
you start thinking about long-term stable relationships,

00:51:19.000 --> 00:51:20.000
right?

00:51:20.000 --> 00:51:21.000
All of a sudden,

00:51:21.000 --> 00:51:23.000
so much more of life just has meaning.

00:51:23.000 --> 00:51:25.000
And there's purpose.

00:51:25.000 --> 00:51:26.000
And there's reason to get up.

00:51:26.000 --> 00:51:27.000
There's reason to get up early.

00:51:27.000 --> 00:51:28.000
And even earlier than that,

00:51:28.000 --> 00:51:29.000
right?

00:51:29.000 --> 00:51:30.000
Like,

00:51:30.000 --> 00:51:33.000
so much stuff just starts to connect about who we are,

00:51:33.000 --> 00:51:35.000
and what are we doing here.

00:51:35.000 --> 00:51:36.000
It's really incredible.

00:51:36.000 --> 00:51:38.000
And not in failing to go through these things,

00:51:38.000 --> 00:51:39.000
and like failing to see it,

00:51:39.000 --> 00:51:41.000
it's just like wasting your time,

00:51:41.000 --> 00:51:42.000
wasting your life.

00:51:42.000 --> 00:51:44.000
Unbelievable.

00:51:44.000 --> 00:51:45.000
Yeah.

00:51:45.000 --> 00:51:51.000
The greatest waste of the current era is human potential.

00:51:51.000 --> 00:51:53.000
Period.

00:51:53.000 --> 00:51:58.000
Because we have been trained that what we do doesn't matter.

00:51:58.000 --> 00:52:00.000
We're told that we'll never buy a house.

00:52:00.000 --> 00:52:03.000
We're told that we'll never make enough money.

00:52:03.000 --> 00:52:05.000
We're told that we'll never get that car,

00:52:05.000 --> 00:52:07.000
or whatever it is.

00:52:07.000 --> 00:52:09.000
And the truth is,

00:52:09.000 --> 00:52:12.000
you don't need the house.

00:52:12.000 --> 00:52:13.000
You don't need the car.

00:52:13.000 --> 00:52:14.000
You don't need any of that.

00:52:14.000 --> 00:52:19.000
What you need is to figure out where you can add value,

00:52:19.000 --> 00:52:21.000
and who you can add value to.

00:52:21.000 --> 00:52:24.000
And that starts with who's directly around you.

00:52:24.000 --> 00:52:27.000
You should be adding as much value as possible to your family.

00:52:27.000 --> 00:52:31.000
You should be adding as much value as possible to your community.

00:52:31.000 --> 00:52:36.000
And you should be adding as much value as possible to your friends.

00:52:36.000 --> 00:52:38.000
Because at the end of the day,

00:52:38.000 --> 00:52:40.000
that is literally what this is all about.

00:52:40.000 --> 00:52:43.000
We will all be stories when it's said and done.

00:52:43.000 --> 00:52:44.000
That's it.

00:52:44.000 --> 00:52:45.000
We will just be stories.

00:52:45.000 --> 00:52:46.000
We tell stories of George Washington.

00:52:46.000 --> 00:52:48.000
We tell stories of Jesus.

00:52:48.000 --> 00:52:51.000
We tell stories of all that in this world.

00:52:51.000 --> 00:52:54.000
We will go to the next world and heaven and all that.

00:52:55.000 --> 00:52:57.000
But in this world, we will only be stories.

00:52:57.000 --> 00:53:01.000
And so the most important realization is,

00:53:01.000 --> 00:53:06.000
a low time preference makes your story matter.

00:53:16.000 --> 00:53:18.000
I'm thinking about people who,

00:53:18.000 --> 00:53:21.000
they're basically forced,

00:53:22.000 --> 00:53:25.000
because the world is getting more and more expensive around them.

00:53:25.000 --> 00:53:30.000
Inflation is outpacing the increase of their income.

00:53:30.000 --> 00:53:32.000
And they're desperate.

00:53:32.000 --> 00:53:36.000
And they're having to just work more hours in order to live.

00:53:36.000 --> 00:53:39.000
They're having to live further away from where they work and commute in.

00:53:39.000 --> 00:53:47.000
And high time preference makes you gravitate towards things that are easy and convenient.

00:53:48.000 --> 00:53:55.000
Because you just don't have the time to put in the time for things that are more valuable.

00:53:55.000 --> 00:53:59.000
And so rather than smoking a brisket for 15 hours,

00:53:59.000 --> 00:54:01.000
you had to commute to work.

00:54:01.000 --> 00:54:04.000
You're going to grab an Uncrustable out of the freezer.

00:54:04.000 --> 00:54:09.000
Rather than making a delicious pour over coffee out of good beans and grinding them and weighing it out,

00:54:09.000 --> 00:54:12.000
you're going to grab an energy drink and pop a Zen in your mouth

00:54:12.000 --> 00:54:17.000
and probably have an Adderall prescription and not exercise.

00:54:17.000 --> 00:54:19.000
And then sit in your car for hours.

00:54:19.000 --> 00:54:25.000
And it just degrades the quality of your life as you're desperately just trying to keep up.

00:54:28.000 --> 00:54:33.000
The value of Bitcoin, the price of Bitcoin has to go up over time for all this to work out.

00:54:33.000 --> 00:54:39.000
And so check back in a few years if my predictions about this have been correct.

00:54:39.000 --> 00:54:44.000
But my understanding, my belief, where all of my research has led me,

00:54:44.000 --> 00:54:51.000
is that by living a more modest lifestyle,

00:54:51.000 --> 00:54:58.000
by adding value to the world and taking a little bit of the money that I make for my labor

00:54:58.000 --> 00:55:01.000
and continuing to invest it in Bitcoin,

00:55:01.000 --> 00:55:05.000
the price of Bitcoin is going to go way up over time.

00:55:05.000 --> 00:55:12.000
And eventually, I'm going to have more time to do the things that I want to do.

00:55:12.000 --> 00:55:18.000
And as I have time to think about that, then I can decide what is truly valuable.

00:55:18.000 --> 00:55:25.000
And I can live in a way that's a little bit slower paced where I'm doing the things that are healthier,

00:55:25.000 --> 00:55:29.000
better for my brain, better for my family, better for my relationships.

00:55:29.000 --> 00:55:34.000
And Bitcoin is going to enable us to do that.

00:55:34.000 --> 00:55:38.000
And it's one of our greatest hopes as far as money goes.

00:55:38.000 --> 00:55:43.000
And as far as our, you know, you could call it your retirement or however you want to label it.

00:55:43.000 --> 00:55:47.000
Bitcoin gives us that hope for a future.

00:55:47.000 --> 00:55:49.000
And that's a beautiful thing.

00:55:49.000 --> 00:55:51.000
And it's hardly a hope either.

00:55:51.000 --> 00:55:58.000
It's like I'm a real person who has really experienced the things that I'm telling you about how Bitcoin makes it better.

00:55:58.000 --> 00:56:00.000
This is not like just pie in the sky.

00:56:00.000 --> 00:56:02.000
We think it's going to work out this way.

00:56:02.000 --> 00:56:03.000
It's like, wait a second. No, no, no.

00:56:03.000 --> 00:56:04.000
This is actually real.

00:56:04.000 --> 00:56:06.000
Like, I have time to think about these things.

00:56:06.000 --> 00:56:08.000
It already has made it better, too.

00:56:08.000 --> 00:56:09.000
Yeah, it's already better.

00:56:09.000 --> 00:56:11.000
It's just incredible.

00:56:11.000 --> 00:56:13.000
So, yeah.

00:56:13.000 --> 00:56:26.000
I think if we get properly onto a Bitcoin standard in the United States, there is a resurgence of trains.

00:56:26.000 --> 00:56:33.000
And I'm excited for this new generation of and I know there's the whole 15 minute city thing.

00:56:33.000 --> 00:56:35.000
Right.

00:56:35.000 --> 00:56:41.000
I think that can come about in a positive way versus the negative way.

00:56:41.000 --> 00:56:55.000
The negative Fiat 15 minute city is where you can be locked down perpetually and you can be destroyed and just totally co-opted in all of your effort and time and everything, you know, washed away.

00:56:56.000 --> 00:57:00.000
And flushed down the toilet of whatever oligarch is in control.

00:57:00.000 --> 00:57:11.000
The low time preference city is one that, you know, you can still stretch your arms out and you can have yours, whatever that is, your place to be.

00:57:11.000 --> 00:57:15.000
But people are not going to enjoy being stacked on top of each other.

00:57:15.000 --> 00:57:17.000
They're just not going to.

00:57:17.000 --> 00:57:25.000
And so the cities are going to have to evolve in such a way where you're going to think about, OK, the way I can best add value is over here.

00:57:25.000 --> 00:57:31.000
And so I can go to this place that's manufacturing something or coding something or whatever it is.

00:57:31.000 --> 00:57:37.000
And so I think we're going to see more of an appreciation for Internet.

00:57:37.000 --> 00:57:39.000
And as I say this, it's not going to be trains.

00:57:39.000 --> 00:57:41.000
It's going to be self-driving cars.

00:57:41.000 --> 00:57:43.000
That's what it's going to be, because you don't need to put in the infrastructure.

00:57:43.000 --> 00:57:47.000
You just need to, you know, put the actual automobile on wheels and they can go.

00:57:47.000 --> 00:57:50.000
And I think that's what we're just straight teleportation to.

00:57:50.000 --> 00:57:52.000
We could just skip all that and just go straight to.

00:57:52.000 --> 00:57:54.000
I think that would be awesome as well.

00:57:54.000 --> 00:58:04.000
But the net net is what the low time preference world is going to bring is more time to think about.

00:58:05.000 --> 00:58:08.000
The. Infinite.

00:58:08.000 --> 00:58:16.000
And that is going to bring about a lot more positive change in my mind for everyone in a lot of good ways.

00:58:16.000 --> 00:58:22.000
Yep, there's going to be way more because there's more thinking about the infinite.

00:58:22.000 --> 00:58:27.000
There's going to be way more thinking about ethics, morality.

00:58:27.000 --> 00:58:30.000
My limitedness going to be thinking about God.

00:58:30.000 --> 00:58:37.000
We're going to be thinking like the whole the last 200 years of atheism kind of running the show.

00:58:37.000 --> 00:58:43.000
And and and also human secularism, just like.

00:58:45.000 --> 00:58:48.000
Not having any answers for anybody about anything.

00:58:49.000 --> 00:58:55.000
Completely meaningless existence for everyone all the time is ultra high time preference.

00:58:56.000 --> 00:59:05.000
And when you when you use an economic force to push people into that and force them to have low time preferences, what you're going to have is you're going to have.

00:59:05.000 --> 00:59:06.000
Wait a second.

00:59:06.000 --> 00:59:08.000
This is all garbage bogus anyway.

00:59:08.000 --> 00:59:12.000
And you look at the science, you look at the math, you look at all the the whole thing.

00:59:12.000 --> 00:59:14.000
Arguments on top of arguments on top of arguments.

00:59:15.000 --> 00:59:17.000
For the existence of God, who is God?

00:59:17.000 --> 00:59:21.000
You go down all the other rabbit holes and it just turns into wait a second.

00:59:21.000 --> 00:59:22.000
My life has purpose.

00:59:22.000 --> 00:59:23.000
Wait a second.

00:59:23.000 --> 00:59:24.000
All these things matter.

00:59:24.000 --> 00:59:25.000
I got to start doing stuff.

00:59:25.000 --> 00:59:27.000
I got to start making a difference.

00:59:27.000 --> 00:59:32.000
I got to start, you know, get married, have kids, like be a good father all of a sudden, right?

00:59:32.000 --> 00:59:33.000
Stop doing drugs.

00:59:33.000 --> 00:59:35.000
Stop like drunk driving.

00:59:35.000 --> 00:59:37.000
Stop all the crazy things that I was.

00:59:37.000 --> 00:59:40.000
Stop doing wizard dick pics like all the whole thing.

00:59:40.000 --> 00:59:47.000
And it's all coming through because of Bitcoin and what it does to time preferences and civilization.

00:59:47.000 --> 00:59:48.000
Ultimately, it's going to be incredible.

00:59:49.000 --> 00:59:50.000
Yeah.

00:59:50.000 --> 01:00:07.000
Like J.D., you were saying that, you know, there'll be a resurgence of trains and you were you were saying that we might all live in a smaller place, but it won't be like the 15 minute city in the sense of you can be locked down and you have to live in a certain place and you're overregulated.

01:00:08.000 --> 01:00:18.000
Think about that little island in France, Mont-Saint-Michel, that gets cut off by the tides, has the cathedral at the top of it.

01:00:18.000 --> 01:00:22.000
What's the difference between that and a Soviet block era apartment?

01:00:22.000 --> 01:00:24.000
I mean, they both house people.

01:00:25.000 --> 01:00:27.000
They're both like little self-contained villages.

01:00:27.000 --> 01:00:38.000
But in a future where there's a Bitcoin standard, people will be able to choose to live in their own villages or their own citadels.

01:00:38.000 --> 01:00:46.000
There will be such a thing as like a luxury train as opposed to a crappy city bus.

01:00:46.000 --> 01:00:53.000
It's just a more beautiful future that Bitcoin is going to enable as soon as this inflationary fiat dies.

01:00:54.000 --> 01:00:57.000
And I think we're going to get back to a world of the handshake.

01:00:57.000 --> 01:01:09.000
I think we're going to get back to a world where, you know, your effort matters, your word matters, and nobody's going to be perfect.

01:01:09.000 --> 01:01:16.000
You know, people are going to make mistakes, but it's going to be really important to think about these things.

01:01:16.000 --> 01:01:25.000
Right now, we're all putting our handshake of our word on the Internet, and we're probably going to fall short of some things.

01:01:25.000 --> 01:01:26.000
Hopefully not, right?

01:01:26.000 --> 01:01:38.000
But the net of that is people are going to be able to find other people that are trying to lead the way out of the darkness and lead it into a much better way.

01:01:38.000 --> 01:01:44.000
And I think that bodes well for Los Angeles, that bodes well for America, that bodes well for the world.

01:01:47.000 --> 01:01:48.000
Just don't screw it up.

01:01:52.000 --> 01:01:54.000
This takes us to the top of the hour, guys.

01:01:54.000 --> 01:02:08.000
One thing I would, me personally, just the final thought I'd say is for anybody listening, tell everybody you know, inflation, suffering from inflation is a choice.

01:02:08.000 --> 01:02:10.000
You do not have to suffer from inflation.

01:02:10.000 --> 01:02:14.000
You can stop suffering from inflation like today, like right now.

01:02:15.000 --> 01:02:20.000
It may take years for that to play out fully, but you can start today.

01:02:23.000 --> 01:02:25.000
And the solution is Bitcoin.

01:02:25.000 --> 01:02:26.000
Correct.

01:02:27.000 --> 01:02:28.000
That's the time.

01:02:29.000 --> 01:02:31.000
You don't have to suffer inflation if you get on Bitcoin.

01:02:31.000 --> 01:02:32.000
That's right.

01:02:32.000 --> 01:02:34.000
Stop suffering by Bitcoin.

01:02:35.000 --> 01:02:36.000
Correct.

01:02:37.000 --> 01:02:38.000
JD, last thoughts?

01:02:39.000 --> 01:02:43.000
They don't want you to be valuable.

01:02:43.000 --> 01:02:47.000
They do not want you to be valuable.

01:02:48.000 --> 01:02:53.000
Because if you are not valuable, then you are not powerful.

01:02:54.000 --> 01:03:01.000
And all of your worth and your power in the modern world is derived from the value that you're adding into it.

01:03:02.000 --> 01:03:04.000
And that is a beautiful thing.

01:03:04.000 --> 01:03:10.000
So go and grab anything and everything that you can do to add value and do it.

01:03:11.000 --> 01:03:12.000
Because that's what you're called for.

01:03:12.000 --> 01:03:16.000
Work is a good and beautiful thing, is what we were created for.

01:03:17.000 --> 01:03:25.000
And it's not the reason we are loved, but it is one of the ways that we can show our love to those around us and to the world.

01:03:25.000 --> 01:03:27.000
So go do amazing things.

01:03:30.000 --> 01:03:31.000
Love it.

01:03:31.000 --> 01:03:33.000
JD, you want to take us out?

01:03:33.000 --> 01:03:34.000
Sure.

01:03:36.000 --> 01:03:38.000
You didn't need me to do that now.

01:03:38.000 --> 01:03:39.000
You did.

01:03:39.000 --> 01:03:40.000
You did.

01:03:40.000 --> 01:03:42.000
Oh, you mean just push the button?

01:03:42.000 --> 01:03:43.000
Peace.

01:04:09.000 --> 01:04:10.000
Peace.