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Welcome to the

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Honest Money Show.

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Thanks to our sponsor Bitaroo

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for making today's

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episode possible.

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Australia's biggest Bitcoin

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on the exchange.

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Hi, Michael.

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Hi. How are you? Anya?

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Thanks for having me.

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Thank you for coming on.

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My pleasure. G'day.

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Good, good.

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Wendy as hell.

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Like Wendy as anything.

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Sydney is, like, blowing.

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I don't know, like 49

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an hour winds at the moment,

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so it's nuts, but it's sunny,

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so I'll take that.

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Nice.

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And your recent trip

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to North Queensland.

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How was that?

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Oh. Is awesome.

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Yeah, I went up to.

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It's actually near

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where the bush bashes

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near Palm Cove. Unbelievable.

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Like it's beautiful weather.

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Like in north,

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like the tropic,

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like the top end of,

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Queensland or like Australia.

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It's like basically

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nice weather, 24 seven.

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You know, it's summer.

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It's like 48

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degrees or something.

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So you don't really

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want to be there in summer,

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but in winter, it's like,

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you know, 26 to

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30 or something.

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So it was it was awesome.

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And now I've come back and

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Trump's

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dropped bombs

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on the nuclear side.

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Then they retaliated

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after the pace and Bitcoin's

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ripping on the back of that.

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And everything is turning

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into a Bitcoin

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treasury company.

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And yeah my head is spinning

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right now.

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Like absolutely spinning.

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Yeah.

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It's hard to sort of

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open up Twitter

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or look at the news

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without something new

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popping up in that space.

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Yeah,

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I feel like

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I mean,

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I've only I've only new

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to Bitcoin,

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so I haven't done a few cycles

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and it seems like every day

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there's so many good news.

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Was this always the case

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like back in the day? Nope.

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So back in the day

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the way that things went is

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there's always been these

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different narratives

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through time right.

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With Bitcoin's arc.

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And so,

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you know, right now you hear,

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Microsoft is adopting

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a Bitcoin treasury strategy.

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Oh my God.

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And everyone gets excited.

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Oh that's

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the announcement right.

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They're waiting

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for the brand name adopts

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XYZ it whatever XYZ

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that is today it's

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Bitcoin treasuries

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back in the day in 2014.

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You know

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it was the biggest thing

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that people would announce

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and they'd ride

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the Bitcoin community for it,

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which was like

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get a real

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big promotion from them

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that was similar

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to, Steak and Shake,

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that burger place that started

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accepting Bitcoin in America,

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basically accepting bitcoin

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as merchant,

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as a merchant form

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of a form of payment

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to merchants.

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And that was a big one.

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So Overstock.com,

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I don't know

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if you've ever heard of them,

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but they were like

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the CEO was like

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the Michael Saylor

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before Saylor was Saylor.

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Do you know what I mean?

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Right.

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They said

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they were a massive,

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massive distributor

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or a massive online store,

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and they started accepting

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Bitcoin for payments.

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And then I think

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his name was Patrick,

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who is a CEO.

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At the time

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he went on to be like,

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yep, Bitcoin

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and fully leaned into it.

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He wanted to build like

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an exchange

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and really evangelized it.

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And that was the

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big brand coming into Bitcoin.

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So this company

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accepts Bitcoin,

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this company accepts Bitcoin.

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And it was a race

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to kind of try and find a way

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to get the real estate

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of which brands

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will be accepting,

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you know, Bitcoin

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for payment at the time.

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Actually Ethereum

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didn't exist.

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Ethereum had it launched yet.

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That's how early that was.

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So it was like so

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many moons ago.

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I think it was actually

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the year

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that Ethereum launched

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or maybe the year before that.

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But yeah,

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we see these ebbs and flows

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and that happens

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with everything

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that's a community

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orientated product

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or protocol.

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Because Bitcoin is a network,

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we're all on the same team.

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So that's why

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you feel this rising

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tide lifts all boats.

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And then,

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you know,

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if one person gets a black eye

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we all get a black eye.

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And that was the thing

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that would happen quite a lot,

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which was

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good news

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would lift everyone

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and bad news

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would pull everyone down.

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And it's sort of like that

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at the moment,

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just at a different scale.

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But, you know, directly

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back to your question,

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it was never always like this.

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Right now,

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every company is a

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the buying bitcoin.

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Every company is either

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raising money to buy bitcoin.

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Every company

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is trying to figure out

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how to accept bitcoin.

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It's just it's everywhere.

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And I've noticed as well

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that Bitcoin's had a chance

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to position itself

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from crypto.

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Like do you know how

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you know what I mean?

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Where it's like

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it's like crypto is like the.

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Little tiny little.

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Like a circus almost as well.

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Yeah, yeah it did

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bit like it's

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almost like Bitcoin said.

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Nah, I'm boring.

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And everyone goes

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yeah, yeah, Bitcoin's boring.

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The crypto

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and but

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that's been

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a really good thing.

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Like sovereign wealth

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funds and nation states.

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They don't mind coins.

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They're in the circus.

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They're going for

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like the big Moby Dick

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kind of thing.

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And that's like, you know,

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they're going to kill it.

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Like going for the kill shot

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bitcoins.

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It you know, they don't

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they don't like, oh,

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how can we make,

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you know, 10

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million today pumping

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penny stocks.

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They're not really into that.

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They're like,

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how do we build

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the foundations

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for the next hundred years

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of wealth for this country?

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And that's like

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such a bigger question.

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And when you think about it

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at that scale,

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you realize that

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half the circus doesn't

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matter, basically.

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Do you know what I mean?

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Like, it's

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like these guys are

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a different level.

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Oh no, they get a pump.

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My coin pump. My god.

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No no no no no,

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they're fucking

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they are astronomically

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further along.

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And they are trying to

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build like

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real primitive foundations.

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That's why you got a Bitcoin.

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You can't really use

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any other asset.

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It's just a circle Jack.

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They're not. Yeah.

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Not liquid enough.

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Not big enough,

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not secure enough.

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Not enough track record.

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So yeah I think it's

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yeah there's heaps of meat

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on the bone in the industry

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right now.

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Like it's just there's

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so much to go through.

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It's hard to be sure. Yeah.

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I've also noticed, like,

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you would have heard

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in the news

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that Australia has

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finally joined the party.

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So we have

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a first publicly listed

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company who,

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locate Technologies.

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Have you heard?

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Yes. Which one?

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Technology.

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Locate technologies.

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They're in ASX

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local companies.

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Right? Yes. Yeah. Yep.

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So they have announced

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a bitcoin treasury.

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Basically they go

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I think they've

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already acquired ten Bitcoin.

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I saw that on Twitter.

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So I haven't verified it.

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But it's very interesting

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because you know

302
00:06:17,291 --> 00:06:18,333
the US is very much

303
00:06:18,333 --> 00:06:20,708
leading in this space.

304
00:06:20,708 --> 00:06:21,208
And then

305
00:06:21,208 --> 00:06:22,458
I wondered how

306
00:06:22,458 --> 00:06:23,750
when it was going to happen

307
00:06:23,750 --> 00:06:24,375
in Australia,

308
00:06:24,375 --> 00:06:25,833
it's already happened.

309
00:06:25,833 --> 00:06:27,166
And I think they're going to.

310
00:06:27,166 --> 00:06:28,250
Yeah, definitely,

311
00:06:28,250 --> 00:06:29,458
hopefully

312
00:06:29,458 --> 00:06:31,625
set an example for others

313
00:06:31,625 --> 00:06:32,125
I think.

314
00:06:32,125 --> 00:06:32,791
So I think there's

315
00:06:32,791 --> 00:06:33,791
two sides to it.

316
00:06:33,791 --> 00:06:34,666
And I do think there'll

317
00:06:34,666 --> 00:06:35,666
be a lot of those

318
00:06:35,666 --> 00:06:36,916
treasury companies

319
00:06:36,916 --> 00:06:39,166
in all different markets.

320
00:06:39,166 --> 00:06:41,083
But I definitely think

321
00:06:41,083 --> 00:06:42,000
we'll see lots of them

322
00:06:42,000 --> 00:06:43,166
just springing up everywhere.

323
00:06:43,166 --> 00:06:44,208
The opportunities to

324
00:06:44,208 --> 00:06:45,416
big and companies

325
00:06:45,416 --> 00:06:45,958
are too bad

326
00:06:45,958 --> 00:06:47,333
at doing what they do.

327
00:06:47,333 --> 00:06:48,041
Do you know what I mean?

328
00:06:48,041 --> 00:06:49,083
Like

329
00:06:49,083 --> 00:06:50,500
they they're like

330
00:06:50,500 --> 00:06:51,333
companies are run

331
00:06:51,333 --> 00:06:52,958
by human beings as well.

332
00:06:52,958 --> 00:06:53,750
Human beings,

333
00:06:53,750 --> 00:06:54,750
just like you and me.

334
00:06:54,750 --> 00:06:55,708
They get lazy

335
00:06:55,708 --> 00:06:56,250
and like

336
00:06:56,250 --> 00:06:57,000
if there's a way

337
00:06:57,000 --> 00:06:58,125
to make way more money,

338
00:06:58,125 --> 00:06:59,333
way easier,

339
00:06:59,333 --> 00:06:59,916
the companies

340
00:06:59,916 --> 00:07:01,166
will flock to that.

341
00:07:01,166 --> 00:07:02,250
Well, oh, what?

342
00:07:02,250 --> 00:07:03,875
Organize 38 insurance

343
00:07:03,875 --> 00:07:05,500
providers for supply chain

344
00:07:05,500 --> 00:07:07,958
factoring to sell 10,000

345
00:07:07,958 --> 00:07:08,875
rubber duckies with

346
00:07:08,875 --> 00:07:10,250
a 3% margin on it.

347
00:07:11,250 --> 00:07:12,333
Yeah, like

348
00:07:12,333 --> 00:07:13,166
it's even hard

349
00:07:13,166 --> 00:07:14,291
saying that sentence.

350
00:07:14,291 --> 00:07:15,833
People won't even bother.

351
00:07:15,833 --> 00:07:16,625
So I think actually

352
00:07:16,625 --> 00:07:17,333
it's quite interesting

353
00:07:17,333 --> 00:07:19,041
because you'll see this like

354
00:07:19,041 --> 00:07:20,458
narrow concentration

355
00:07:20,458 --> 00:07:21,250
of products

356
00:07:21,250 --> 00:07:22,333
from these companies.

357
00:07:22,333 --> 00:07:23,500
So basically right now

358
00:07:23,500 --> 00:07:24,083
everyone does

359
00:07:24,083 --> 00:07:24,875
lots of things

360
00:07:24,875 --> 00:07:26,458
like Apple's got hardware,

361
00:07:26,458 --> 00:07:28,500
software, vision,

362
00:07:28,500 --> 00:07:30,000
that's to increase revenue.

363
00:07:30,000 --> 00:07:31,375
They build more product lines

364
00:07:31,375 --> 00:07:32,458
to increase revenue

365
00:07:32,458 --> 00:07:33,500
as revenue

366
00:07:33,500 --> 00:07:35,333
or the wealth starts

367
00:07:35,333 --> 00:07:37,375
growing for these companies.

368
00:07:37,375 --> 00:07:38,208
They're going to look back

369
00:07:38,208 --> 00:07:39,708
and be like, okay,

370
00:07:39,708 --> 00:07:41,000
we can sell.

371
00:07:41,000 --> 00:07:41,750
We can spend

372
00:07:41,750 --> 00:07:43,333
three years in R&D

373
00:07:43,333 --> 00:07:45,541
making the Apple TV two,

374
00:07:45,541 --> 00:07:47,541
and then we can try and sell

375
00:07:47,541 --> 00:07:48,833
10 million of them.

376
00:07:48,833 --> 00:07:49,708
And that'll net us

377
00:07:49,708 --> 00:07:52,208
10 billion in profit.

378
00:07:52,208 --> 00:07:55,291
Or we could buy 10,000

379
00:07:55,291 --> 00:07:57,041
bitcoins and wait for them

380
00:07:57,041 --> 00:07:58,125
to appreciate over

381
00:07:58,125 --> 00:07:58,916
the eight years

382
00:07:58,916 --> 00:07:59,583
that it would take

383
00:07:59,583 --> 00:08:01,083
us to go from R&D

384
00:08:01,083 --> 00:08:02,375
to shipping the product

385
00:08:02,375 --> 00:08:05,666
and selling it that time 5000.

386
00:08:05,666 --> 00:08:06,583
If there's 5000

387
00:08:06,583 --> 00:08:08,000
CEOs of public companies,

388
00:08:08,000 --> 00:08:09,500
there's 5000 people

389
00:08:09,500 --> 00:08:10,000
that will think

390
00:08:10,000 --> 00:08:11,416
exactly that way.

391
00:08:11,416 --> 00:08:12,291
They've got a fiduciary

392
00:08:12,291 --> 00:08:14,000
responsibility, basically.

393
00:08:14,000 --> 00:08:15,375
And so,

394
00:08:15,375 --> 00:08:15,666
yeah,

395
00:08:15,666 --> 00:08:16,250
I think I think

396
00:08:16,250 --> 00:08:16,958
we're going to see a lot

397
00:08:16,958 --> 00:08:18,166
of these zombie companies

398
00:08:18,166 --> 00:08:19,125
that were zombies

399
00:08:19,125 --> 00:08:20,083
basically pop up

400
00:08:20,083 --> 00:08:21,208
and just be placeholders

401
00:08:21,208 --> 00:08:23,291
for Bitcoin holding Bitcoin

402
00:08:23,291 --> 00:08:23,625
and that's

403
00:08:23,625 --> 00:08:24,750
been a value actually.

404
00:08:24,750 --> 00:08:25,666
So I,

405
00:08:25,666 --> 00:08:27,875
I think I think directionally

406
00:08:27,875 --> 00:08:29,166
it makes sense.

407
00:08:29,166 --> 00:08:30,458
There's obviously community

408
00:08:30,458 --> 00:08:31,708
like parts of the community

409
00:08:31,708 --> 00:08:32,041
that have got

410
00:08:32,041 --> 00:08:32,875
the shits with it.

411
00:08:32,875 --> 00:08:33,666
And they think it's a bit

412
00:08:33,666 --> 00:08:35,625
scam, pointy and all pointy.

413
00:08:35,625 --> 00:08:36,500
And it does have

414
00:08:36,500 --> 00:08:38,250
an element of that to it.

415
00:08:38,250 --> 00:08:38,916
The premise

416
00:08:38,916 --> 00:08:39,875
of Bitcoin treasury

417
00:08:39,875 --> 00:08:41,916
companies is powerful,

418
00:08:41,916 --> 00:08:44,541
but in their current state,

419
00:08:44,541 --> 00:08:45,291
if you're.

420
00:08:45,291 --> 00:08:46,208
Here's a message

421
00:08:46,208 --> 00:08:47,041
for every Bitcoin

422
00:08:47,041 --> 00:08:49,375
treasury company CEO.

423
00:08:49,375 --> 00:08:52,208
If you guys are using Twitter

424
00:08:52,208 --> 00:08:54,625
as a mechanism for gaining,

425
00:08:54,625 --> 00:08:55,750
you know, traction and

426
00:08:55,750 --> 00:08:56,750
and momentum

427
00:08:56,750 --> 00:08:58,708
and intercepting

428
00:08:58,708 --> 00:08:59,833
the idea of your,

429
00:08:59,833 --> 00:09:00,666
you know, the stock

430
00:09:00,666 --> 00:09:01,458
ticker code

431
00:09:01,458 --> 00:09:02,041
and starting

432
00:09:02,041 --> 00:09:02,875
a group on Twitter

433
00:09:02,875 --> 00:09:04,000
and getting all the hype.

434
00:09:04,000 --> 00:09:05,333
If you do that,

435
00:09:05,333 --> 00:09:07,166
that's a cheap win.

436
00:09:07,166 --> 00:09:09,166
And so what will you get

437
00:09:09,166 --> 00:09:10,291
is all those people

438
00:09:10,291 --> 00:09:11,958
that love you for that second,

439
00:09:11,958 --> 00:09:12,541
the moment

440
00:09:12,541 --> 00:09:15,083
the next similar comes along,

441
00:09:15,083 --> 00:09:16,166
or smart aware

442
00:09:16,166 --> 00:09:17,375
or Meta planet,

443
00:09:17,375 --> 00:09:18,291
they'll rotate their

444
00:09:18,291 --> 00:09:19,958
capital straight out of yours

445
00:09:19,958 --> 00:09:21,500
and into that new one

446
00:09:21,500 --> 00:09:22,583
because they know

447
00:09:22,583 --> 00:09:24,458
the trade works.

448
00:09:24,458 --> 00:09:26,250
If you invest in MicroStrategy

449
00:09:26,250 --> 00:09:27,291
pre and post Bitcoin,

450
00:09:27,291 --> 00:09:28,041
the trade works

451
00:09:28,041 --> 00:09:29,416
meta planet the trade work

452
00:09:29,416 --> 00:09:30,125
smarter web.

453
00:09:30,125 --> 00:09:31,125
The trade works

454
00:09:31,125 --> 00:09:32,500
so they know the trade.

455
00:09:32,500 --> 00:09:33,250
But if

456
00:09:33,250 --> 00:09:34,333
meta planet's too big

457
00:09:34,333 --> 00:09:35,916
now I can't make enough money

458
00:09:35,916 --> 00:09:37,291
trading their stock.

459
00:09:37,291 --> 00:09:38,291
I don't want that.

460
00:09:38,291 --> 00:09:39,083
And so

461
00:09:39,083 --> 00:09:40,333
I want to go to the new one.

462
00:09:40,333 --> 00:09:42,666
Oh it's $0.01 a stock.

463
00:09:42,666 --> 00:09:43,458
Oh cool.

464
00:09:43,458 --> 00:09:44,000
And then have got

465
00:09:44,000 --> 00:09:44,833
no bitcoins yet.

466
00:09:44,833 --> 00:09:45,833
But they're planning to buy

467
00:09:45,833 --> 00:09:47,333
let's me fuck yeah.

468
00:09:47,333 --> 00:09:48,833
Like that is almost like

469
00:09:48,833 --> 00:09:50,833
kind of like a no brainer

470
00:09:50,833 --> 00:09:51,208
in a way.

471
00:09:51,208 --> 00:09:52,625
You know, like that pay

472
00:09:52,625 --> 00:09:53,375
plays out

473
00:09:53,375 --> 00:09:55,291
in any market always.

474
00:09:55,291 --> 00:09:56,875
And so people are watching

475
00:09:56,875 --> 00:09:57,416
now, they're like,

476
00:09:57,416 --> 00:09:59,000
oh my God Salah just announced

477
00:09:59,000 --> 00:10:00,541
he bought 10,000 bitcoin.

478
00:10:00,541 --> 00:10:01,333
Nothing's happened

479
00:10:01,333 --> 00:10:02,125
to the price.

480
00:10:02,125 --> 00:10:02,750
It's like

481
00:10:02,750 --> 00:10:04,166
well firstly there's so liquid

482
00:10:04,166 --> 00:10:05,541
now you can't dent the price

483
00:10:05,541 --> 00:10:06,208
that easily.

484
00:10:06,208 --> 00:10:07,458
But people

485
00:10:07,458 --> 00:10:08,375
are rotating capital

486
00:10:08,375 --> 00:10:09,000
out of that

487
00:10:09,000 --> 00:10:11,458
into fold smarter web

488
00:10:11,458 --> 00:10:13,125
sem la meta planet.

489
00:10:13,125 --> 00:10:14,166
And you know the list

490
00:10:14,166 --> 00:10:14,875
just goes on.

491
00:10:14,875 --> 00:10:15,958
But the

492
00:10:15,958 --> 00:10:16,708
every company

493
00:10:16,708 --> 00:10:17,916
will sort of be

494
00:10:17,916 --> 00:10:19,375
one of those companies

495
00:10:19,375 --> 00:10:20,666
in the next eight,

496
00:10:20,666 --> 00:10:21,458
eight years.

497
00:10:21,458 --> 00:10:22,375
That feels way

498
00:10:22,375 --> 00:10:23,125
too long though,

499
00:10:23,125 --> 00:10:25,041
so I'd probably go with them.

500
00:10:25,041 --> 00:10:26,250
Yeah.

501
00:10:26,250 --> 00:10:27,833
For sure is. Far too long.

502
00:10:27,833 --> 00:10:28,333
Yeah.

503
00:10:28,333 --> 00:10:30,500
Do you think that Bitcoin is

504
00:10:30,500 --> 00:10:31,166
well understood

505
00:10:31,166 --> 00:10:31,791
in Australia

506
00:10:31,791 --> 00:10:33,416
but particularly in the

507
00:10:33,416 --> 00:10:34,250
the traditional

508
00:10:34,250 --> 00:10:35,166
finance sector?

509
00:10:35,166 --> 00:10:36,291
Do you think people know

510
00:10:36,291 --> 00:10:37,166
this terribly?

511
00:10:37,166 --> 00:10:38,250
I'll speak to those guys

512
00:10:38,250 --> 00:10:38,875
all the time.

513
00:10:38,875 --> 00:10:39,625
Smartest people

514
00:10:39,625 --> 00:10:40,458
you've ever met.

515
00:10:40,458 --> 00:10:41,625
They don't know anything

516
00:10:41,625 --> 00:10:42,541
about critical.

517
00:10:42,541 --> 00:10:43,708
Not not literally,

518
00:10:43,708 --> 00:10:45,083
but it's just

519
00:10:45,083 --> 00:10:46,250
not it's not people.

520
00:10:46,250 --> 00:10:47,125
A lot of people haven't

521
00:10:47,125 --> 00:10:48,083
wrap their head around it.

522
00:10:48,083 --> 00:10:49,375
And we have an ETF,

523
00:10:49,375 --> 00:10:50,333
you know, monochrome,

524
00:10:50,333 --> 00:10:51,208
which is doing awesome.

525
00:10:51,208 --> 00:10:51,916
I think they're about to hit

526
00:10:51,916 --> 00:10:53,666
a thousand BTC,

527
00:10:53,666 --> 00:10:54,708
which is,

528
00:10:54,708 --> 00:10:55,291
you know,

529
00:10:55,291 --> 00:10:56,333
a lot of people look at that.

530
00:10:56,333 --> 00:10:57,291
And they used to the US

531
00:10:57,291 --> 00:10:57,750
numbers.

532
00:10:57,750 --> 00:11:00,416
BlackRock's got 600,000 coins

533
00:11:00,416 --> 00:11:01,791
having a thousand coins

534
00:11:01,791 --> 00:11:03,000
in the monochrome ETF

535
00:11:03,000 --> 00:11:04,250
like as a product,

536
00:11:04,250 --> 00:11:07,041
it is actually a really decent

537
00:11:07,041 --> 00:11:08,166
product from memory

538
00:11:08,166 --> 00:11:08,833
like they're doing

539
00:11:08,833 --> 00:11:09,416
really well.

540
00:11:09,416 --> 00:11:10,791
So the market is

541
00:11:10,791 --> 00:11:12,208
not really understanding it

542
00:11:12,208 --> 00:11:12,833
right now.

543
00:11:12,833 --> 00:11:14,125
Australia's got you know,

544
00:11:14,125 --> 00:11:15,000
we've got tall poppy

545
00:11:15,000 --> 00:11:15,833
syndrome or whatever

546
00:11:15,833 --> 00:11:16,500
it's called.

547
00:11:16,500 --> 00:11:17,541
Sometimes people go

548
00:11:17,541 --> 00:11:18,541
oh what now

549
00:11:18,541 --> 00:11:20,125
screw that you made money for

550
00:11:20,125 --> 00:11:21,166
I'm not listening to that.

551
00:11:21,166 --> 00:11:22,291
Not screw that.

552
00:11:22,291 --> 00:11:24,583
And so there's some,

553
00:11:24,583 --> 00:11:25,916
you know, some,

554
00:11:27,250 --> 00:11:28,083
I don't know,

555
00:11:28,083 --> 00:11:28,958
may you think

556
00:11:28,958 --> 00:11:30,250
of it as complacency,

557
00:11:30,250 --> 00:11:31,166
but I actually don't

558
00:11:31,166 --> 00:11:32,208
think of it like that.

559
00:11:32,208 --> 00:11:35,208
I think of it more like just

560
00:11:35,333 --> 00:11:36,583
varied interests,

561
00:11:36,583 --> 00:11:39,166
like our economy.

562
00:11:39,166 --> 00:11:39,833
Like we're

563
00:11:39,833 --> 00:11:41,041
we're not in a good spot

564
00:11:41,041 --> 00:11:41,791
right now,

565
00:11:41,791 --> 00:11:42,458
like in terms

566
00:11:42,458 --> 00:11:44,125
of housing and shit like that,

567
00:11:44,125 --> 00:11:45,500
but I don't know,

568
00:11:45,500 --> 00:11:46,041
we just haven't

569
00:11:46,041 --> 00:11:47,250
had the exposure

570
00:11:47,250 --> 00:11:47,958
to Bitcoin in

571
00:11:47,958 --> 00:11:49,166
general hasn't

572
00:11:49,166 --> 00:11:50,750
hit in Australia

573
00:11:50,750 --> 00:11:51,958
as much as it's hit

574
00:11:51,958 --> 00:11:52,958
in, I'd say

575
00:11:52,958 --> 00:11:53,833
like the US

576
00:11:53,833 --> 00:11:54,958
and stuff like that,

577
00:11:54,958 --> 00:11:57,333
but where it has hit

578
00:11:57,333 --> 00:11:59,250
it is transformed.

579
00:11:59,250 --> 00:12:00,916
So like, you know,

580
00:12:00,916 --> 00:12:02,291
maybe like

581
00:12:02,291 --> 00:12:03,583
80% of people

582
00:12:03,583 --> 00:12:04,791
that find out about Bitcoin

583
00:12:04,791 --> 00:12:05,541
and learn about it

584
00:12:05,541 --> 00:12:06,750
become hardcore,

585
00:12:06,750 --> 00:12:07,916
very knowledgeable people.

586
00:12:07,916 --> 00:12:09,000
Like we've got some really

587
00:12:09,000 --> 00:12:09,833
brilliant minds.

588
00:12:09,833 --> 00:12:11,750
You've got like Stefan Lavera

589
00:12:11,750 --> 00:12:12,916
podcast, he's

590
00:12:12,916 --> 00:12:13,583
got a huge

591
00:12:13,583 --> 00:12:14,875
following kitten

592
00:12:14,875 --> 00:12:16,416
Ministry and notes

593
00:12:16,416 --> 00:12:17,375
tremendous following.

594
00:12:17,375 --> 00:12:18,000
And like,

595
00:12:18,000 --> 00:12:18,708
these guys are real

596
00:12:18,708 --> 00:12:19,916
subject matter authorities

597
00:12:19,916 --> 00:12:22,375
at their craft in this sub

598
00:12:22,375 --> 00:12:23,916
niche of the industry.

599
00:12:23,916 --> 00:12:25,125
And like I think,

600
00:12:25,125 --> 00:12:26,000
you know, there's just a

601
00:12:26,000 --> 00:12:26,875
there's a lot of people

602
00:12:26,875 --> 00:12:28,083
in Australia

603
00:12:28,083 --> 00:12:28,791
that have got really

604
00:12:28,791 --> 00:12:29,708
powerful voices,

605
00:12:29,708 --> 00:12:31,541
I think for the community.

606
00:12:31,541 --> 00:12:32,916
And I think that's cool.

607
00:12:32,916 --> 00:12:34,125
We, I love like the Bush

608
00:12:34,125 --> 00:12:36,125
bash is by far the best.

609
00:12:36,125 --> 00:12:36,916
My favorite here.

610
00:12:36,916 --> 00:12:38,541
Is, oh, the thousand percent.

611
00:12:38,541 --> 00:12:41,458
It is the best thing ever.

612
00:12:41,458 --> 00:12:42,458
It's there's nothing

613
00:12:42,458 --> 00:12:43,500
there's nothing like it.

614
00:12:43,500 --> 00:12:44,416
I love the concept.

615
00:12:44,416 --> 00:12:45,041
And every time

616
00:12:45,041 --> 00:12:46,125
I travel overseas

617
00:12:46,125 --> 00:12:47,166
I share it with like,

618
00:12:47,166 --> 00:12:48,916
the local organizers.

619
00:12:48,916 --> 00:12:51,958
And when I went to Bali,

620
00:12:51,958 --> 00:12:53,166
I actually visited Bitcoin

621
00:12:53,166 --> 00:12:53,875
Bali house

622
00:12:53,875 --> 00:12:54,416
and I told them

623
00:12:54,416 --> 00:12:56,083
about the concept and I like

624
00:12:56,083 --> 00:12:56,541
I know they

625
00:12:56,541 --> 00:12:57,500
they've rejigged

626
00:12:57,500 --> 00:12:57,916
the way

627
00:12:57,916 --> 00:12:58,916
that they organize

628
00:12:58,916 --> 00:13:00,750
the Indonesia conference

629
00:13:00,750 --> 00:13:02,000
makeable grassroots.

630
00:13:02,000 --> 00:13:02,583
And I wonder how

631
00:13:02,583 --> 00:13:03,916
much I had to do with that.

632
00:13:03,916 --> 00:13:05,416
Like hey guys,

633
00:13:05,416 --> 00:13:06,500
they've gotta be like pussies.

634
00:13:06,500 --> 00:13:08,000
Me visit me?

635
00:13:08,000 --> 00:13:08,291
Yeah.

636
00:13:08,291 --> 00:13:09,125
And then you can collect

637
00:13:09,125 --> 00:13:11,958
your royalty check. That's.

638
00:13:11,958 --> 00:13:12,291
Yeah.

639
00:13:12,291 --> 00:13:13,208
But yeah, that's

640
00:13:13,208 --> 00:13:14,125
that is the thing.

641
00:13:14,125 --> 00:13:15,083
Like and

642
00:13:15,083 --> 00:13:16,166
I mean like the Bush

643
00:13:16,166 --> 00:13:16,708
bash, right.

644
00:13:16,708 --> 00:13:18,208
Like it's so good

645
00:13:18,208 --> 00:13:20,250
because it's very casual.

646
00:13:20,250 --> 00:13:22,250
It's relaxed like it's chill.

647
00:13:22,250 --> 00:13:23,708
Know what days you walk

648
00:13:23,708 --> 00:13:24,583
in, you're not paying a

649
00:13:24,583 --> 00:13:26,000
big fee to get in there.

650
00:13:26,000 --> 00:13:26,458
Yes.

651
00:13:26,458 --> 00:13:27,625
You've got to drive

652
00:13:27,625 --> 00:13:29,208
very far to get there.

653
00:13:29,208 --> 00:13:30,333
So for the audience

654
00:13:30,333 --> 00:13:30,958
that doesn't know,

655
00:13:30,958 --> 00:13:31,875
the Bush bash

656
00:13:31,875 --> 00:13:33,291
is an Australian

657
00:13:33,291 --> 00:13:34,750
sort of Bitcoin.

658
00:13:34,750 --> 00:13:36,000
It's not a conference

659
00:13:36,000 --> 00:13:37,250
and it's not a meet up.

660
00:13:37,250 --> 00:13:39,041
It's like the perfect hybrid.

661
00:13:39,041 --> 00:13:40,375
It's like a three day

662
00:13:40,375 --> 00:13:41,458
meetup almost.

663
00:13:41,458 --> 00:13:42,916
But the proof of work

664
00:13:42,916 --> 00:13:43,625
to make sure.

665
00:13:43,625 --> 00:13:44,791
So when the organizers

666
00:13:44,791 --> 00:13:45,458
created it,

667
00:13:45,458 --> 00:13:46,541
they wanted to make sure

668
00:13:46,541 --> 00:13:47,333
that everyone there

669
00:13:47,333 --> 00:13:48,208
was really there

670
00:13:48,208 --> 00:13:49,458
for the right reasons.

671
00:13:49,458 --> 00:13:50,125
So they put it

672
00:13:50,125 --> 00:13:51,291
basically a six hour

673
00:13:51,291 --> 00:13:53,250
drive from everywhere.

674
00:13:53,250 --> 00:13:54,083
It's like,

675
00:13:54,083 --> 00:13:55,333
yeah, but it's like,

676
00:13:55,333 --> 00:13:56,125
that means that

677
00:13:56,125 --> 00:13:57,291
if you are there,

678
00:13:57,291 --> 00:13:57,958
you've

679
00:13:57,958 --> 00:13:59,666
given a shit to get there.

680
00:13:59,666 --> 00:14:00,333
Do you know what I mean?

681
00:14:00,333 --> 00:14:01,291
It's not like is sweat.

682
00:14:01,291 --> 00:14:02,541
People in off the sidewalk

683
00:14:02,541 --> 00:14:03,750
in Darling Harbor and said,

684
00:14:03,750 --> 00:14:04,541
hey, come in here

685
00:14:04,541 --> 00:14:05,458
at a conference.

686
00:14:05,458 --> 00:14:07,208
It's really like 150

687
00:14:07,208 --> 00:14:08,750
or 200 people

688
00:14:08,750 --> 00:14:10,083
or 100 people

689
00:14:10,083 --> 00:14:12,666
of just straight signal like,

690
00:14:12,666 --> 00:14:13,708
yeah, really

691
00:14:13,708 --> 00:14:15,208
brilliant thinkers.

692
00:14:15,208 --> 00:14:16,833
I find I learn so much

693
00:14:16,833 --> 00:14:17,833
when I go to those things,

694
00:14:17,833 --> 00:14:19,041
like you go to a dinner

695
00:14:19,041 --> 00:14:19,875
and you sit next to what

696
00:14:19,875 --> 00:14:22,625
you just think, like far out.

697
00:14:22,625 --> 00:14:23,708
Some of these cats

698
00:14:23,708 --> 00:14:24,833
are so bright,

699
00:14:24,833 --> 00:14:25,916
like just the stuff

700
00:14:25,916 --> 00:14:27,208
they think of is just

701
00:14:27,208 --> 00:14:27,958
I don't know,

702
00:14:27,958 --> 00:14:29,333
it's just it's different,

703
00:14:29,333 --> 00:14:30,583
but it's always encouraging

704
00:14:30,583 --> 00:14:31,083
when you hear

705
00:14:31,083 --> 00:14:31,958
and see that you're like,

706
00:14:31,958 --> 00:14:33,583
oh, nice.

707
00:14:33,583 --> 00:14:33,833
You know,

708
00:14:33,833 --> 00:14:35,250
if you saw a bunch of idiots,

709
00:14:35,250 --> 00:14:36,041
you'd think,

710
00:14:36,041 --> 00:14:37,250
oh shit, I'm going to start

711
00:14:37,250 --> 00:14:38,458
selling my Bitcoin.

712
00:14:38,458 --> 00:14:39,375
But it's a complete

713
00:14:39,375 --> 00:14:40,583
antithesis.

714
00:14:40,583 --> 00:14:41,166
I love it.

715
00:14:41,166 --> 00:14:42,458
Yeah, I completely agree

716
00:14:42,458 --> 00:14:42,833
with that.

717
00:14:42,833 --> 00:14:43,500
It's it's

718
00:14:43,500 --> 00:14:44,416
almost like the most

719
00:14:44,416 --> 00:14:46,708
unassuming group of people

720
00:14:46,708 --> 00:14:47,833
that, you know, you

721
00:14:47,833 --> 00:14:49,166
just your everyday person

722
00:14:49,166 --> 00:14:50,250
you cross on the street,

723
00:14:50,250 --> 00:14:51,416
you wouldn't really think,

724
00:14:51,416 --> 00:14:52,958
you know, they're there.

725
00:14:54,250 --> 00:14:56,375
Anyone special, so to speak.

726
00:14:56,375 --> 00:14:57,166
Yeah. And.

727
00:14:57,166 --> 00:14:58,791
And then you pick up.

728
00:14:58,791 --> 00:14:59,000
Yeah.

729
00:14:59,000 --> 00:15:01,208
And it's like, whoa.

730
00:15:01,208 --> 00:15:01,875
Yeah. Yep.

731
00:15:01,875 --> 00:15:02,750
The most amazing

732
00:15:02,750 --> 00:15:03,250
minds,

733
00:15:03,250 --> 00:15:05,083
the most amazing speakers

734
00:15:05,083 --> 00:15:06,875
and storytellers and.

735
00:15:06,875 --> 00:15:07,541
Yeah, yeah.

736
00:15:07,541 --> 00:15:08,250
Just just like

737
00:15:08,250 --> 00:15:10,041
I agree with you, high signal.

738
00:15:10,041 --> 00:15:12,291
I learn so much every time.

739
00:15:12,291 --> 00:15:13,333
I remember the first time

740
00:15:13,333 --> 00:15:14,000
I went,

741
00:15:14,000 --> 00:15:15,041
after the three days

742
00:15:15,041 --> 00:15:16,250
I was exhausted,

743
00:15:16,250 --> 00:15:16,666
I was

744
00:15:16,666 --> 00:15:18,625
my brain was exhausted

745
00:15:18,625 --> 00:15:19,916
because my brain, like, just,

746
00:15:19,916 --> 00:15:20,666
you know, took up

747
00:15:20,666 --> 00:15:21,541
so much energy.

748
00:15:21,541 --> 00:15:22,541
And I learned so much,

749
00:15:22,541 --> 00:15:24,333
and I took so many notes,

750
00:15:24,333 --> 00:15:26,541
you know, for podcasts to,

751
00:15:26,541 --> 00:15:27,291
to listen to

752
00:15:27,291 --> 00:15:29,250
and books to read. And.

753
00:15:29,250 --> 00:15:29,791
Yeah, the,

754
00:15:29,791 --> 00:15:30,958
the quality of conversations

755
00:15:30,958 --> 00:15:32,000
you have there on like,

756
00:15:32,000 --> 00:15:32,500
anywhere else.

757
00:15:32,500 --> 00:15:32,916
And yeah,

758
00:15:32,916 --> 00:15:33,791
I highly recommend it

759
00:15:33,791 --> 00:15:34,750
to anyone.

760
00:15:34,750 --> 00:15:37,041
That. Yeah.

761
00:15:37,041 --> 00:15:39,041
But I wanted to ask you

762
00:15:39,041 --> 00:15:40,708
a little bit more about the,

763
00:15:40,708 --> 00:15:41,750
the Bitcoin adoption

764
00:15:41,750 --> 00:15:42,583
in Australia

765
00:15:42,583 --> 00:15:44,000
and why you think

766
00:15:44,000 --> 00:15:45,500
we are lagging

767
00:15:45,500 --> 00:15:47,000
behind the rest of the world.

768
00:15:47,000 --> 00:15:48,833
Is it like a cultural thing?

769
00:15:48,833 --> 00:15:50,041
Is it like.

770
00:15:50,041 --> 00:15:51,208
Yeah, some of things.

771
00:15:51,208 --> 00:15:51,791
I'll tell you why.

772
00:15:51,791 --> 00:15:52,875
So in Australia

773
00:15:52,875 --> 00:15:54,291
one of the biggest things

774
00:15:54,291 --> 00:15:55,500
property is being our store

775
00:15:55,500 --> 00:15:56,916
of value basically.

776
00:15:56,916 --> 00:15:59,833
And because we have such a,

777
00:15:59,833 --> 00:16:02,125
educated property market,

778
00:16:02,125 --> 00:16:03,208
like everyone's

779
00:16:03,208 --> 00:16:04,041
thinking about,

780
00:16:04,041 --> 00:16:05,166
you know, buying property

781
00:16:05,166 --> 00:16:05,750
and property

782
00:16:05,750 --> 00:16:06,583
probably, probably forever

783
00:16:06,583 --> 00:16:07,500
probably.

784
00:16:07,500 --> 00:16:08,458
It's almost like this

785
00:16:08,458 --> 00:16:10,250
saturated, like it's

786
00:16:10,250 --> 00:16:12,416
so ingrained into us

787
00:16:12,416 --> 00:16:13,958
with with property in general.

788
00:16:13,958 --> 00:16:16,041
I think, that it

789
00:16:16,041 --> 00:16:17,125
feels like that

790
00:16:17,125 --> 00:16:18,416
it's it's not mean.

791
00:16:18,416 --> 00:16:19,500
It means like

792
00:16:19,500 --> 00:16:20,625
Australia is punching

793
00:16:20,625 --> 00:16:21,666
well above its weight

794
00:16:21,666 --> 00:16:22,583
in this industry

795
00:16:22,583 --> 00:16:24,208
by light years.

796
00:16:24,208 --> 00:16:25,583
But I mean, like, would

797
00:16:25,583 --> 00:16:26,750
traditional finance

798
00:16:26,750 --> 00:16:28,750
people get it right now?

799
00:16:28,750 --> 00:16:29,708
It doesn't feel like

800
00:16:29,708 --> 00:16:30,791
there's much of a flavor

801
00:16:30,791 --> 00:16:32,250
or appetite. It's still,

802
00:16:33,875 --> 00:16:36,083
or you know, like there's

803
00:16:36,083 --> 00:16:36,958
no hey,

804
00:16:36,958 --> 00:16:38,375
how do we get on top of this?

805
00:16:38,375 --> 00:16:39,416
And because if

806
00:16:39,416 --> 00:16:40,833
there was someone like that,

807
00:16:40,833 --> 00:16:42,333
they will shoot a rocket

808
00:16:42,333 --> 00:16:43,000
out of the

809
00:16:43,000 --> 00:16:44,375
like out of the ASX.

810
00:16:44,375 --> 00:16:45,958
Like they will be so far

811
00:16:45,958 --> 00:16:47,500
in front of everyone else.

812
00:16:47,500 --> 00:16:49,958
And I think that'll happen.

813
00:16:49,958 --> 00:16:50,916
I think you get Bitcoin

814
00:16:50,916 --> 00:16:51,666
treasury companies

815
00:16:51,666 --> 00:16:52,625
to Australia

816
00:16:52,625 --> 00:16:53,625
and that will start

817
00:16:53,625 --> 00:16:55,375
lighting the fire on.

818
00:16:55,375 --> 00:16:56,083
Oh my god,

819
00:16:56,083 --> 00:16:56,791
what is this thing

820
00:16:56,791 --> 00:16:58,041
and why is it smoking

821
00:16:58,041 --> 00:16:59,375
every other asset on the

822
00:16:59,375 --> 00:17:00,458
on the market.

823
00:17:00,458 --> 00:17:01,458
Well it's smoking it

824
00:17:01,458 --> 00:17:02,125
because it doesn't

825
00:17:02,125 --> 00:17:03,291
use the same assets

826
00:17:03,291 --> 00:17:04,541
as everything on the market.

827
00:17:04,541 --> 00:17:06,375
It uses the other thing.

828
00:17:06,375 --> 00:17:07,291
Oh the other thing

829
00:17:07,291 --> 00:17:08,041
looks pretty damn

830
00:17:08,041 --> 00:17:08,958
good at the moment.

831
00:17:08,958 --> 00:17:09,625
Yeah.

832
00:17:09,625 --> 00:17:10,875
Many planets number one

833
00:17:10,875 --> 00:17:11,750
in Japan,

834
00:17:11,750 --> 00:17:13,208
Microstrategy's number one

835
00:17:13,208 --> 00:17:15,000
in the US and Australia

836
00:17:15,000 --> 00:17:15,416
is waiting

837
00:17:15,416 --> 00:17:16,625
to have something like that,

838
00:17:16,625 --> 00:17:17,083
you know,

839
00:17:17,083 --> 00:17:18,291
and I think it'll come in

840
00:17:18,291 --> 00:17:18,958
probably the next 3

841
00:17:18,958 --> 00:17:20,041
or 6 months.

842
00:17:20,041 --> 00:17:20,875
It should be

843
00:17:20,875 --> 00:17:21,958
actually quite interesting

844
00:17:21,958 --> 00:17:24,000
because Australia's

845
00:17:24,000 --> 00:17:25,041
market is a bit different

846
00:17:25,041 --> 00:17:25,375
because we've

847
00:17:25,375 --> 00:17:26,625
got superannuation,

848
00:17:26,625 --> 00:17:28,166
which is like a guaranteed

849
00:17:28,166 --> 00:17:29,250
funnel of liquidity

850
00:17:29,250 --> 00:17:30,625
that goes into the market

851
00:17:30,625 --> 00:17:31,708
because those super funds

852
00:17:31,708 --> 00:17:32,666
have to buy

853
00:17:32,666 --> 00:17:33,875
and spend their money.

854
00:17:33,875 --> 00:17:34,583
So I think that's

855
00:17:34,583 --> 00:17:35,250
quite interesting.

856
00:17:35,250 --> 00:17:36,208
On how that changes

857
00:17:36,208 --> 00:17:37,000
the dynamic.

858
00:17:37,000 --> 00:17:39,666
Yeah, I don't know.

859
00:17:39,666 --> 00:17:40,166
But I think,

860
00:17:40,166 --> 00:17:40,708
I think we're

861
00:17:40,708 --> 00:17:41,458
definitely punching

862
00:17:41,458 --> 00:17:42,291
above our weight.

863
00:17:42,291 --> 00:17:43,416
I just think that

864
00:17:43,416 --> 00:17:45,666
the non Bitcoin people

865
00:17:45,666 --> 00:17:47,250
feel further away

866
00:17:47,250 --> 00:17:47,791
than they do

867
00:17:47,791 --> 00:17:48,666
in other countries

868
00:17:48,666 --> 00:17:49,125
or something.

869
00:17:49,125 --> 00:17:49,875
I don't know,

870
00:17:49,875 --> 00:17:51,541
it's hard to explain.

871
00:17:51,541 --> 00:17:53,000
Yeah. No I completely get it.

872
00:17:53,000 --> 00:17:53,666
It's something that

873
00:17:53,666 --> 00:17:54,833
I always wonder.

874
00:17:54,833 --> 00:17:56,291
It's like how can I help

875
00:17:56,291 --> 00:17:57,291
these people.

876
00:17:57,291 --> 00:17:59,125
Get curious

877
00:17:59,125 --> 00:18:00,000
enough about it

878
00:18:00,000 --> 00:18:02,125
to want to go down, you know,

879
00:18:02,125 --> 00:18:04,500
the path of studying it,

880
00:18:04,500 --> 00:18:05,708
understanding it more

881
00:18:05,708 --> 00:18:06,458
rather than just

882
00:18:06,458 --> 00:18:07,250
dismissing it.

883
00:18:07,250 --> 00:18:08,166
And yeah,

884
00:18:08,166 --> 00:18:09,291
like I have a background

885
00:18:09,291 --> 00:18:09,916
in marketing.

886
00:18:09,916 --> 00:18:11,791
So one of the sort of facts

887
00:18:11,791 --> 00:18:12,583
that I love is,

888
00:18:12,583 --> 00:18:12,833
you know,

889
00:18:12,833 --> 00:18:14,125
before you purchase

890
00:18:14,125 --> 00:18:16,333
a product or service,

891
00:18:16,333 --> 00:18:18,375
you may typically have a 16

892
00:18:18,375 --> 00:18:20,083
to 20 interactions

893
00:18:20,083 --> 00:18:21,166
with that product or service

894
00:18:21,166 --> 00:18:21,791
before you make

895
00:18:21,791 --> 00:18:23,333
the decision to buy.

896
00:18:23,333 --> 00:18:24,958
So yeah,

897
00:18:24,958 --> 00:18:26,500
so it doesn't help that

898
00:18:26,500 --> 00:18:28,000
like the mainstream media

899
00:18:28,000 --> 00:18:29,875
is largely negative.

900
00:18:29,875 --> 00:18:31,041
Has a negative

901
00:18:31,041 --> 00:18:33,000
sentiment towards Bitcoin

902
00:18:33,000 --> 00:18:36,333
and that all the, all the,

903
00:18:36,333 --> 00:18:37,666
experts in the space

904
00:18:37,666 --> 00:18:39,666
are really drowned out by,

905
00:18:39,666 --> 00:18:40,458
I guess, some of that

906
00:18:40,458 --> 00:18:41,500
mainstream media

907
00:18:41,500 --> 00:18:41,958
that doesn't

908
00:18:41,958 --> 00:18:42,916
quite understand

909
00:18:42,916 --> 00:18:43,708
the technology

910
00:18:43,708 --> 00:18:44,666
and doesn't understand

911
00:18:44,666 --> 00:18:45,958
the value of it.

912
00:18:45,958 --> 00:18:47,375
So yes.

913
00:18:47,375 --> 00:18:48,750
Yeah, for me, I feel I mean.

914
00:18:48,750 --> 00:18:50,125
Yeah, as well

915
00:18:50,125 --> 00:18:52,250
the reserve Bank, they said,

916
00:18:52,250 --> 00:18:52,708
oh yeah,

917
00:18:52,708 --> 00:18:53,333
we're not looking

918
00:18:53,333 --> 00:18:54,000
at that right now

919
00:18:54,000 --> 00:18:54,750
and we don't find it

920
00:18:54,750 --> 00:18:55,791
interesting or something.

921
00:18:55,791 --> 00:18:56,458
It's like,

922
00:18:56,458 --> 00:18:57,958
yeah, you guys are broke.

923
00:18:57,958 --> 00:18:58,958
Do you understand that?

924
00:18:58,958 --> 00:18:59,666
Like, you know what I mean?

925
00:18:59,666 --> 00:19:01,041
Like all these people

926
00:19:01,041 --> 00:19:02,541
telling me, like, bankers,

927
00:19:02,541 --> 00:19:03,625
institutions and stuff,

928
00:19:03,625 --> 00:19:04,166
they're like,

929
00:19:04,166 --> 00:19:04,791
we don't really like.

930
00:19:04,791 --> 00:19:05,750
It's like,

931
00:19:05,750 --> 00:19:06,833
you guys have cooked

932
00:19:06,833 --> 00:19:08,666
the entire financials system

933
00:19:08,666 --> 00:19:10,166
multiple times.

934
00:19:10,166 --> 00:19:11,333
In fact,

935
00:19:11,333 --> 00:19:12,416
the the current

936
00:19:12,416 --> 00:19:15,750
financial system is so bad

937
00:19:16,166 --> 00:19:18,083
that they have broken it

938
00:19:18,083 --> 00:19:19,583
like they break it

939
00:19:19,583 --> 00:19:20,750
once every 20 years.

940
00:19:20,750 --> 00:19:22,625
In 2008 it broke.

941
00:19:22,625 --> 00:19:24,208
So we get a bailout

942
00:19:24,208 --> 00:19:25,583
breaks again bail them out.

943
00:19:25,583 --> 00:19:26,000
It's like

944
00:19:27,000 --> 00:19:28,041
I don't want like

945
00:19:28,041 --> 00:19:29,000
that's just not like

946
00:19:29,000 --> 00:19:29,916
that's like saying, hey,

947
00:19:29,916 --> 00:19:30,625
do you want to eat this

948
00:19:30,625 --> 00:19:31,708
moldy sandwich?

949
00:19:31,708 --> 00:19:32,416
It's like,

950
00:19:32,416 --> 00:19:33,833
no, it's got mold on it.

951
00:19:33,833 --> 00:19:34,250
It's like,

952
00:19:34,250 --> 00:19:34,708
oh, do you want

953
00:19:34,708 --> 00:19:35,291
to put your money

954
00:19:35,291 --> 00:19:37,166
in this financial market?

955
00:19:37,166 --> 00:19:38,166
No, they're not good

956
00:19:38,166 --> 00:19:39,416
at what they do.

957
00:19:39,416 --> 00:19:40,208
Like, you know,

958
00:19:40,208 --> 00:19:40,791
that's just

959
00:19:40,791 --> 00:19:41,875
a common sense thing.

960
00:19:41,875 --> 00:19:43,666
Oh, they've never successfully

961
00:19:43,666 --> 00:19:44,458
finished the game

962
00:19:44,458 --> 00:19:45,916
and the game's been restarted

963
00:19:45,916 --> 00:19:47,333
multiple times.

964
00:19:47,333 --> 00:19:47,791
Okay.

965
00:19:47,791 --> 00:19:48,625
Someone doesn't know

966
00:19:48,625 --> 00:19:49,458
what they're doing there.

967
00:19:49,458 --> 00:19:49,958
I don't I'm

968
00:19:49,958 --> 00:19:50,708
not saying

969
00:19:50,708 --> 00:19:52,208
every person's an idiot.

970
00:19:52,208 --> 00:19:53,291
They're just getting in

971
00:19:53,291 --> 00:19:54,083
and cashing in.

972
00:19:54,083 --> 00:19:54,500
That's what

973
00:19:54,500 --> 00:19:55,916
everyone in finance does.

974
00:19:55,916 --> 00:19:57,958
But is it a good system?

975
00:19:57,958 --> 00:19:59,625
No. It's terrible.

976
00:19:59,625 --> 00:20:00,625
If it was good, it

977
00:20:00,625 --> 00:20:01,791
be persistent.

978
00:20:01,791 --> 00:20:03,083
And that's why Bitcoin is good

979
00:20:03,083 --> 00:20:04,708
because it's persistent.

980
00:20:04,708 --> 00:20:06,291
It won't change whether it's,

981
00:20:06,291 --> 00:20:06,791
you know,

982
00:20:06,791 --> 00:20:07,291
the stock

983
00:20:07,291 --> 00:20:10,833
market in 1939 69 and 19 2020,

984
00:20:11,125 --> 00:20:12,416
it's still the exact

985
00:20:12,416 --> 00:20:14,041
same mechanics underneath it.

986
00:20:14,041 --> 00:20:14,375
And that's

987
00:20:14,375 --> 00:20:15,791
what Bitcoin will be

988
00:20:15,791 --> 00:20:16,625
in the future.

989
00:20:16,625 --> 00:20:17,541
It'll be something that we go

990
00:20:17,541 --> 00:20:18,958
wow it hasn't changed in

991
00:20:18,958 --> 00:20:20,125
like 50 years.

992
00:20:20,125 --> 00:20:21,791
All them holy moly.

993
00:20:21,791 --> 00:20:23,250
And that will be the outlying

994
00:20:23,250 --> 00:20:24,458
kind of

995
00:20:24,458 --> 00:20:25,375
feature of it

996
00:20:25,375 --> 00:20:27,458
is its resilience I think.

997
00:20:27,458 --> 00:20:28,541
But yeah it's it's

998
00:20:28,541 --> 00:20:29,375
pretty crazy.

999
00:20:29,375 --> 00:20:30,916
I think there's a lot of

1000
00:20:30,916 --> 00:20:32,416
ignorance to it as well.

1001
00:20:33,833 --> 00:20:35,625
Because

1002
00:20:35,625 --> 00:20:38,625
I think there's two fold like,

1003
00:20:38,750 --> 00:20:41,250
yeah,

1004
00:20:41,250 --> 00:20:41,750
I think there's

1005
00:20:41,750 --> 00:20:42,791
a lot of ignorance to it.

1006
00:20:42,791 --> 00:20:44,041
Just like with people,

1007
00:20:44,041 --> 00:20:45,166
if you're making money

1008
00:20:45,166 --> 00:20:47,000
in property, it's very hard

1009
00:20:47,000 --> 00:20:48,000
for me to convince you

1010
00:20:48,000 --> 00:20:48,833
to come to Bitcoin

1011
00:20:48,833 --> 00:20:49,583
and learn about it

1012
00:20:49,583 --> 00:20:50,041
and blah, blah,

1013
00:20:50,041 --> 00:20:50,833
blah, blah, blah.

1014
00:20:50,833 --> 00:20:51,166
You know,

1015
00:20:51,166 --> 00:20:51,833
when you've been saving

1016
00:20:51,833 --> 00:20:53,000
for five years,

1017
00:20:53,000 --> 00:20:53,541
you just bought

1018
00:20:53,541 --> 00:20:54,333
your first investment

1019
00:20:54,333 --> 00:20:56,250
property or whatever it is?

1020
00:20:56,250 --> 00:20:57,208
That's awesome.

1021
00:20:57,208 --> 00:21:00,000
But it's very hard to like,

1022
00:21:00,000 --> 00:21:00,875
you know what they say.

1023
00:21:00,875 --> 00:21:02,125
It's like it's harder to teach

1024
00:21:02,125 --> 00:21:02,875
someone who already

1025
00:21:02,875 --> 00:21:04,416
knows something than it is

1026
00:21:04,416 --> 00:21:06,583
to teach a blank canvas.

1027
00:21:06,583 --> 00:21:07,708
And so I think it might be

1028
00:21:07,708 --> 00:21:08,416
a bit of that

1029
00:21:08,416 --> 00:21:09,083
where people

1030
00:21:09,083 --> 00:21:09,416
have kind of

1031
00:21:09,416 --> 00:21:10,458
already got this conceptual

1032
00:21:10,458 --> 00:21:12,458
way of developing and building

1033
00:21:12,458 --> 00:21:13,333
wealth through

1034
00:21:13,333 --> 00:21:14,250
acquiring property

1035
00:21:14,250 --> 00:21:15,208
or something like that,

1036
00:21:15,208 --> 00:21:16,375
which is totally fine

1037
00:21:16,375 --> 00:21:17,541
and makes complete sense.

1038
00:21:17,541 --> 00:21:18,916
I'm just lazy.

1039
00:21:18,916 --> 00:21:19,791
I don't want to go in

1040
00:21:19,791 --> 00:21:21,041
and have to meet a tenant

1041
00:21:21,041 --> 00:21:22,041
and try and

1042
00:21:22,041 --> 00:21:22,916
get the plumber in,

1043
00:21:22,916 --> 00:21:23,458
and then wait

1044
00:21:23,458 --> 00:21:25,041
for the carpet guy to come fix

1045
00:21:25,041 --> 00:21:26,458
the damaged water damage

1046
00:21:26,458 --> 00:21:27,083
from the wall.

1047
00:21:27,083 --> 00:21:28,458
Like whatever the fuck it is.

1048
00:21:28,458 --> 00:21:29,875
Too busy, too much

1049
00:21:29,875 --> 00:21:31,916
Bitcoin way easier. Buy it.

1050
00:21:31,916 --> 00:21:33,750
Yeah, don't do anything

1051
00:21:33,750 --> 00:21:35,875
and then that's it.

1052
00:21:35,875 --> 00:21:36,416
And I suppose

1053
00:21:36,416 --> 00:21:38,166
it comes down to our ability

1054
00:21:38,166 --> 00:21:39,583
to not do anything,

1055
00:21:39,583 --> 00:21:39,916
you know,

1056
00:21:39,916 --> 00:21:40,916
which is quite hard

1057
00:21:40,916 --> 00:21:42,833
because in this day and age

1058
00:21:42,833 --> 00:21:43,416
we're always

1059
00:21:43,416 --> 00:21:44,333
fidgeting with shit.

1060
00:21:44,333 --> 00:21:45,916
And so it's like, oh,

1061
00:21:45,916 --> 00:21:46,958
maybe I'll just sell this

1062
00:21:46,958 --> 00:21:47,958
or sell that, like,

1063
00:21:47,958 --> 00:21:48,916
you know, so

1064
00:21:48,916 --> 00:21:49,500
it becomes

1065
00:21:49,500 --> 00:21:51,416
like a cerebral challenge

1066
00:21:51,416 --> 00:21:52,250
where you've got to do

1067
00:21:52,250 --> 00:21:53,583
all the cerebral work.

1068
00:21:53,583 --> 00:21:55,208
But no physical work.

1069
00:21:55,208 --> 00:21:57,416
And so, yeah.

1070
00:21:57,416 --> 00:21:57,750
Yeah,

1071
00:21:57,750 --> 00:21:59,250
I've recently started

1072
00:21:59,250 --> 00:22:00,833
an Instagram account

1073
00:22:00,833 --> 00:22:02,000
for this podcast.

1074
00:22:02,000 --> 00:22:03,083
And yeah,

1075
00:22:03,083 --> 00:22:04,166
because the algorithm

1076
00:22:04,166 --> 00:22:06,333
doesn't recognize,

1077
00:22:06,333 --> 00:22:07,041
you know, treats

1078
00:22:07,041 --> 00:22:08,125
Bitcoin as crypto.

1079
00:22:08,125 --> 00:22:08,708
It's all under

1080
00:22:08,708 --> 00:22:09,541
the same bucket.

1081
00:22:09,541 --> 00:22:11,916
So it's clearly

1082
00:22:11,916 --> 00:22:13,250
serving me content

1083
00:22:13,250 --> 00:22:14,708
that is in this space.

1084
00:22:14,708 --> 00:22:15,208
And,

1085
00:22:15,208 --> 00:22:16,875
and I've come across recently,

1086
00:22:16,875 --> 00:22:17,333
you know,

1087
00:22:17,333 --> 00:22:18,666
across some Australian,

1088
00:22:18,666 --> 00:22:21,291
influences on crypto

1089
00:22:21,291 --> 00:22:22,041
and the messaging

1090
00:22:22,041 --> 00:22:23,333
that they're providing,

1091
00:22:23,333 --> 00:22:24,750
is very different

1092
00:22:24,750 --> 00:22:25,458
to what

1093
00:22:25,458 --> 00:22:26,125
the messaging

1094
00:22:26,125 --> 00:22:27,208
you hear from Bitcoin

1095
00:22:27,208 --> 00:22:31,541
is, is like for example,

1096
00:22:31,541 --> 00:22:32,625
I came across a guy,

1097
00:22:32,625 --> 00:22:34,458
he had like 50,000 followers

1098
00:22:34,458 --> 00:22:35,625
on Instagram

1099
00:22:35,625 --> 00:22:38,333
and he's selling courses.

1100
00:22:38,333 --> 00:22:40,500
And he's very much making.

1101
00:22:40,500 --> 00:22:41,125
Yeah, he's

1102
00:22:41,125 --> 00:22:42,291
he's making it seem like,

1103
00:22:42,291 --> 00:22:44,250
you need a strategy.

1104
00:22:44,250 --> 00:22:44,583
And I'm

1105
00:22:44,583 --> 00:22:45,500
the only person who knows

1106
00:22:45,500 --> 00:22:47,125
how to give you the strategy.

1107
00:22:47,125 --> 00:22:48,291
Kind of.

1108
00:22:48,291 --> 00:22:48,625
Yeah.

1109
00:22:48,625 --> 00:22:49,500
That's the approach

1110
00:22:49,500 --> 00:22:50,208
that they're taking.

1111
00:22:50,208 --> 00:22:51,458
Whereas, yeah, Bitcoin is

1112
00:22:51,458 --> 00:22:52,500
almost like

1113
00:22:52,500 --> 00:22:53,541
you don't need a strategy.

1114
00:22:53,541 --> 00:22:54,625
You just need to learn

1115
00:22:54,625 --> 00:22:56,708
about about it, hold it, learn

1116
00:22:56,708 --> 00:22:57,500
how to hold it for

1117
00:22:57,500 --> 00:22:59,000
at least four years.

1118
00:22:59,000 --> 00:23:00,291
And and you'll

1119
00:23:00,291 --> 00:23:01,583
definitely make money in it.

1120
00:23:02,833 --> 00:23:04,000
So just for the time.

1121
00:23:04,000 --> 00:23:04,333
Yeah.

1122
00:23:04,333 --> 00:23:05,458
With those courses,

1123
00:23:05,458 --> 00:23:06,291
like with those courses,

1124
00:23:06,291 --> 00:23:07,666
join my trading course.

1125
00:23:07,666 --> 00:23:09,208
Two outsmart the market

1126
00:23:09,208 --> 00:23:11,166
with this one simple trick.

1127
00:23:11,166 --> 00:23:12,583
Like, dude,

1128
00:23:12,583 --> 00:23:13,583
most of those,

1129
00:23:13,583 --> 00:23:15,000
cash grabs

1130
00:23:15,000 --> 00:23:16,750
for the creator of the course,

1131
00:23:16,750 --> 00:23:17,458
that doesn't mean

1132
00:23:17,458 --> 00:23:18,833
that the course is bad.

1133
00:23:18,833 --> 00:23:19,583
I'm just saying

1134
00:23:19,583 --> 00:23:20,500
that they're a cash

1135
00:23:20,500 --> 00:23:21,708
grab for the creator.

1136
00:23:21,708 --> 00:23:22,208
They need

1137
00:23:22,208 --> 00:23:24,208
the creator needs money.

1138
00:23:24,208 --> 00:23:25,583
That's that's the first thing.

1139
00:23:25,583 --> 00:23:26,333
So it's like, oh,

1140
00:23:26,333 --> 00:23:27,666
you need money.

1141
00:23:27,666 --> 00:23:28,541
And you're telling me

1142
00:23:28,541 --> 00:23:30,166
how to make money.

1143
00:23:30,166 --> 00:23:30,833
Something doesn't

1144
00:23:30,833 --> 00:23:31,708
add up right there.

1145
00:23:31,708 --> 00:23:33,500
Like in, in my opinion.

1146
00:23:33,500 --> 00:23:33,958
So it's like,

1147
00:23:33,958 --> 00:23:34,708
oh, if you're so good

1148
00:23:34,708 --> 00:23:35,791
at making money,

1149
00:23:35,791 --> 00:23:37,708
give it away for free.

1150
00:23:37,708 --> 00:23:39,541
Like if it's that beneficial.

1151
00:23:39,541 --> 00:23:40,708
And that's why Bitcoin is

1152
00:23:40,708 --> 00:23:41,833
don't have that insecurity.

1153
00:23:41,833 --> 00:23:42,625
I don't think

1154
00:23:42,625 --> 00:23:44,333
because they buy bitcoin

1155
00:23:44,333 --> 00:23:44,875
and it's like dude,

1156
00:23:44,875 --> 00:23:45,750
if I get you to buy

1157
00:23:45,750 --> 00:23:47,083
bitcoin or whatever

1158
00:23:47,083 --> 00:23:48,291
that's what's good for

1159
00:23:48,291 --> 00:23:49,041
the game is good

1160
00:23:49,041 --> 00:23:50,125
for the gander kind of thing.

1161
00:23:50,125 --> 00:23:50,875
And so yeah,

1162
00:23:50,875 --> 00:23:52,250
there's much less

1163
00:23:52,250 --> 00:23:53,791
gatekeeping of knowledge

1164
00:23:53,791 --> 00:23:54,166
or whatever.

1165
00:23:54,166 --> 00:23:55,541
It's more just like,

1166
00:23:55,541 --> 00:23:57,083
yeah, man, let me lift you up.

1167
00:23:57,083 --> 00:23:58,958
Here's how I got started.

1168
00:23:58,958 --> 00:24:00,083
And I think that's such

1169
00:24:00,083 --> 00:24:01,166
a healthier approach

1170
00:24:01,166 --> 00:24:01,791
to something

1171
00:24:01,791 --> 00:24:04,458
that is so intimidating.

1172
00:24:04,458 --> 00:24:05,541
You know,

1173
00:24:05,541 --> 00:24:07,458
I think Bitcoin is a typically

1174
00:24:07,458 --> 00:24:09,041
trying to preserve wealth.

1175
00:24:09,041 --> 00:24:09,916
Crypto

1176
00:24:09,916 --> 00:24:10,416
people are trying

1177
00:24:10,416 --> 00:24:11,250
to make money.

1178
00:24:11,250 --> 00:24:11,750
And I think that's

1179
00:24:11,750 --> 00:24:12,958
very different.

1180
00:24:12,958 --> 00:24:14,416
That's a huge distinction.

1181
00:24:14,416 --> 00:24:15,416
Yeah, yeah, it's

1182
00:24:15,416 --> 00:24:16,583
a very big distinction.

1183
00:24:16,583 --> 00:24:17,458
And I think

1184
00:24:17,458 --> 00:24:19,416
encoded in those distinctions

1185
00:24:19,416 --> 00:24:21,583
is the mindset, the behavior,

1186
00:24:21,583 --> 00:24:23,000
the discipline, the value,

1187
00:24:23,000 --> 00:24:24,041
whatever it is.

1188
00:24:24,041 --> 00:24:25,583
But the focus is different.

1189
00:24:25,583 --> 00:24:27,541
One is trying to make money

1190
00:24:27,541 --> 00:24:28,875
to pay bills

1191
00:24:28,875 --> 00:24:30,958
or acquire bitcoin,

1192
00:24:30,958 --> 00:24:31,750
which is why, you know,

1193
00:24:31,750 --> 00:24:33,500
we all work in fiat land

1194
00:24:33,500 --> 00:24:34,416
to make money

1195
00:24:34,416 --> 00:24:35,250
to buy Bitcoin

1196
00:24:35,250 --> 00:24:36,500
to increase our stack.

1197
00:24:36,500 --> 00:24:37,958
So a lot of people do crypto,

1198
00:24:37,958 --> 00:24:38,375
try ever

1199
00:24:38,375 --> 00:24:39,708
heaps of friends that do that.

1200
00:24:39,708 --> 00:24:40,000
Yeah,

1201
00:24:40,000 --> 00:24:41,500
they make a bag on that stuff

1202
00:24:41,500 --> 00:24:42,416
and they convert it

1203
00:24:42,416 --> 00:24:43,000
to Bitcoin.

1204
00:24:43,000 --> 00:24:44,125
And that's how they

1205
00:24:44,125 --> 00:24:45,458
accumulate bitcoin.

1206
00:24:45,458 --> 00:24:46,625
And it's like

1207
00:24:46,625 --> 00:24:47,791
okay well that's not

1208
00:24:47,791 --> 00:24:49,375
the right approach but okay.

1209
00:24:49,375 --> 00:24:50,083
Sure.

1210
00:24:50,083 --> 00:24:51,541
Do you

1211
00:24:51,541 --> 00:24:51,958
you know

1212
00:24:51,958 --> 00:24:54,041
and so I think it's like

1213
00:24:54,041 --> 00:24:54,458
I don't know,

1214
00:24:54,458 --> 00:24:56,958
I just feel like there's

1215
00:24:56,958 --> 00:24:57,916
there's a distance

1216
00:24:57,916 --> 00:24:58,875
between the two.

1217
00:24:58,875 --> 00:24:59,333
And that's

1218
00:24:59,333 --> 00:25:00,458
actually a healthy thing

1219
00:25:00,458 --> 00:25:01,666
because, you know,

1220
00:25:01,666 --> 00:25:02,916
I don't want

1221
00:25:02,916 --> 00:25:03,625
I mean, I

1222
00:25:03,625 --> 00:25:04,291
everyone can do

1223
00:25:04,291 --> 00:25:04,958
what they want,

1224
00:25:04,958 --> 00:25:06,250
but I don't think it's

1225
00:25:06,250 --> 00:25:08,750
a good branding thing

1226
00:25:08,750 --> 00:25:09,833
for Bitcoin

1227
00:25:09,833 --> 00:25:10,583
in general

1228
00:25:10,583 --> 00:25:13,333
to be encouraging trading

1229
00:25:13,333 --> 00:25:14,000
basically.

1230
00:25:14,000 --> 00:25:15,208
Like, that's not how you win

1231
00:25:15,208 --> 00:25:16,083
with this game.

1232
00:25:16,083 --> 00:25:18,208
The game's not about trading.

1233
00:25:18,208 --> 00:25:19,583
In fact,

1234
00:25:19,583 --> 00:25:20,833
the best traders

1235
00:25:20,833 --> 00:25:22,041
performance typically

1236
00:25:22,041 --> 00:25:23,083
have one entry

1237
00:25:23,083 --> 00:25:24,625
and that's like buying Bitcoin

1238
00:25:24,625 --> 00:25:25,750
and that's it

1239
00:25:25,750 --> 00:25:26,791
because their performance

1240
00:25:26,791 --> 00:25:27,208
is going to be

1241
00:25:27,208 --> 00:25:28,291
so good relative

1242
00:25:28,291 --> 00:25:29,833
to trades and trade size.

1243
00:25:29,833 --> 00:25:30,708
They're just going to be like,

1244
00:25:30,708 --> 00:25:32,000
yeah, I bought bitcoin

1245
00:25:32,000 --> 00:25:33,458
once and I haven't touched it.

1246
00:25:33,458 --> 00:25:36,125
My portfolio is up 30,000%.

1247
00:25:36,125 --> 00:25:36,958
It's like or whatever

1248
00:25:36,958 --> 00:25:37,500
it is right.

1249
00:25:37,500 --> 00:25:38,458
Like whatever the thing is.

1250
00:25:38,458 --> 00:25:40,500
But that's much more powerful

1251
00:25:40,500 --> 00:25:41,000
I think.

1252
00:25:41,000 --> 00:25:43,500
But yeah it's to their own.

1253
00:25:43,500 --> 00:25:44,333
I've no problems.

1254
00:25:44,333 --> 00:25:45,458
Everyone can do themselves

1255
00:25:45,458 --> 00:25:46,041
and do them,

1256
00:25:46,041 --> 00:25:46,833
but yeah,

1257
00:25:46,833 --> 00:25:47,875
I just think specifically

1258
00:25:47,875 --> 00:25:48,666
for Bitcoin,

1259
00:25:48,666 --> 00:25:51,083
there's less to know.

1260
00:25:51,083 --> 00:25:51,708
You know, like.

1261
00:25:51,708 --> 00:25:52,416
In, in my,

1262
00:25:52,416 --> 00:25:53,875
in my stalking adventures of

1263
00:25:53,875 --> 00:25:54,833
of your profile.

1264
00:25:54,833 --> 00:25:55,875
Yeah.

1265
00:25:55,875 --> 00:25:56,666
I can't remember

1266
00:25:56,666 --> 00:25:57,625
what school you went to,

1267
00:25:57,625 --> 00:25:58,583
but you're from a, like,

1268
00:25:58,583 --> 00:25:59,250
a traditional

1269
00:25:59,250 --> 00:26:01,166
finance background.

1270
00:26:01,166 --> 00:26:01,583
Yeah.

1271
00:26:01,583 --> 00:26:02,875
Well, like, yeah,

1272
00:26:02,875 --> 00:26:04,250
basically I worked in, like.

1273
00:26:04,250 --> 00:26:06,208
Oh, I'm like a shit student.

1274
00:26:06,208 --> 00:26:07,041
I'm the kid that, like,

1275
00:26:07,041 --> 00:26:08,083
dropped out of uni.

1276
00:26:08,083 --> 00:26:09,041
All that kind of stuff, like,

1277
00:26:09,041 --> 00:26:09,750
not like,

1278
00:26:09,750 --> 00:26:10,958
you know,

1279
00:26:10,958 --> 00:26:11,791
some of these cats

1280
00:26:11,791 --> 00:26:12,416
are real smart,

1281
00:26:12,416 --> 00:26:12,958
and they're like, yeah,

1282
00:26:12,958 --> 00:26:13,750
they went to Harvard

1283
00:26:13,750 --> 00:26:15,000
and then they went to Google,

1284
00:26:15,000 --> 00:26:15,958
and then I went to

1285
00:26:15,958 --> 00:26:17,166
fucking MIT.

1286
00:26:17,166 --> 00:26:18,000
I'm the turtle.

1287
00:26:18,000 --> 00:26:19,166
Not that, I'm

1288
00:26:19,166 --> 00:26:20,333
the drop kick kind of thing.

1289
00:26:20,333 --> 00:26:21,958
So for me, I went to

1290
00:26:21,958 --> 00:26:22,750
I went to high school

1291
00:26:22,750 --> 00:26:23,875
in College Hill.

1292
00:26:23,875 --> 00:26:26,416
And then I went to college

1293
00:26:26,416 --> 00:26:27,750
at University of Technology

1294
00:26:27,750 --> 00:26:30,750
in Sydney, which was

1295
00:26:30,958 --> 00:26:31,583
oh, and I went to

1296
00:26:31,583 --> 00:26:32,708
Ba'athist University,

1297
00:26:32,708 --> 00:26:33,333
which is another

1298
00:26:33,333 --> 00:26:34,875
like out in the States.

1299
00:26:34,875 --> 00:26:35,416
But yeah,

1300
00:26:35,416 --> 00:26:37,166
I didn't finish my degrees.

1301
00:26:37,166 --> 00:26:38,083
But then after that,

1302
00:26:38,083 --> 00:26:40,000
I got a job in finance,

1303
00:26:40,000 --> 00:26:41,000
which is a software.

1304
00:26:41,000 --> 00:26:41,750
It's like a financial

1305
00:26:41,750 --> 00:26:42,500
software company

1306
00:26:42,500 --> 00:26:44,666
that did portfolio management

1307
00:26:44,666 --> 00:26:45,833
and rebalancing

1308
00:26:45,833 --> 00:26:47,791
for financial advisors

1309
00:26:47,791 --> 00:26:48,875
and their clients.

1310
00:26:48,875 --> 00:26:50,208
And so you know, basically

1311
00:26:50,208 --> 00:26:51,958
it's like, hey, this client's

1312
00:26:51,958 --> 00:26:53,333
75 years old,

1313
00:26:53,333 --> 00:26:55,041
but they're in a really high

1314
00:26:55,041 --> 00:26:56,041
risk portfolio.

1315
00:26:56,041 --> 00:26:57,250
We need to rebalance that.

1316
00:26:57,250 --> 00:26:57,750
And it was all the

1317
00:26:57,750 --> 00:26:58,791
software around that.

1318
00:27:00,166 --> 00:27:01,416
And yeah, but I didn't

1319
00:27:01,416 --> 00:27:03,083
my approach from Bitcoin

1320
00:27:03,083 --> 00:27:04,458
like you know, the way I did

1321
00:27:04,458 --> 00:27:05,250
it wasn't

1322
00:27:05,250 --> 00:27:06,208
it wasn't like oh cool.

1323
00:27:06,208 --> 00:27:07,500
Finance and Bitcoin.

1324
00:27:07,500 --> 00:27:09,000
This is a perfect match.

1325
00:27:09,000 --> 00:27:10,666
It was more like finance

1326
00:27:10,666 --> 00:27:11,916
was just sort of where I was

1327
00:27:11,916 --> 00:27:12,750
because I enjoyed it

1328
00:27:12,750 --> 00:27:13,791
working with numbers.

1329
00:27:13,791 --> 00:27:18,416
But finance but yeah, I do.

1330
00:27:18,416 --> 00:27:21,333
I think that my or like

1331
00:27:21,333 --> 00:27:22,250
where I came from

1332
00:27:22,250 --> 00:27:23,916
was more around video games

1333
00:27:23,916 --> 00:27:24,666
because I really like

1334
00:27:24,666 --> 00:27:25,458
video games.

1335
00:27:25,458 --> 00:27:26,083
And I was like,

1336
00:27:26,083 --> 00:27:27,250
oh, mad and online

1337
00:27:27,250 --> 00:27:28,458
currency suite.

1338
00:27:28,458 --> 00:27:29,791
Now every game can have

1339
00:27:29,791 --> 00:27:30,833
the same currency

1340
00:27:30,833 --> 00:27:32,041
instead of like,

1341
00:27:32,041 --> 00:27:32,750
you know, paying

1342
00:27:32,750 --> 00:27:34,708
for one thing in one game.

1343
00:27:34,708 --> 00:27:35,166
And then you go

1344
00:27:35,166 --> 00:27:36,750
to the new game and, you know,

1345
00:27:36,750 --> 00:27:38,833
the sold that you just paid $9

1346
00:27:38,833 --> 00:27:40,041
for is an in-app purchase

1347
00:27:40,041 --> 00:27:42,125
or whatever isn't there.

1348
00:27:42,125 --> 00:27:43,708
And so it's like, well,

1349
00:27:43,708 --> 00:27:44,291
that'd be cool

1350
00:27:44,291 --> 00:27:45,291
if all the games

1351
00:27:45,291 --> 00:27:46,583
ran on the same currency,

1352
00:27:46,583 --> 00:27:47,541
and it'd be even cooler

1353
00:27:47,541 --> 00:27:48,500
if the internet ran

1354
00:27:48,500 --> 00:27:49,666
on this currency.

1355
00:27:49,666 --> 00:27:51,416
And so that's what I was like,

1356
00:27:51,416 --> 00:27:52,458
oh, sick Bitcoin.

1357
00:27:52,458 --> 00:27:53,458
I just like looked around

1358
00:27:53,458 --> 00:27:54,958
and at the time

1359
00:27:54,958 --> 00:27:55,958
there was no exchanges.

1360
00:27:55,958 --> 00:27:57,625
I don't think so.

1361
00:27:57,625 --> 00:27:59,458
Me and a couple

1362
00:27:59,458 --> 00:28:00,125
of other dudes

1363
00:28:00,125 --> 00:28:01,208
chipped in some money

1364
00:28:01,208 --> 00:28:02,833
to buy some coins and,

1365
00:28:02,833 --> 00:28:03,291
and that was sort

1366
00:28:03,291 --> 00:28:04,916
of the first entry into it,

1367
00:28:04,916 --> 00:28:06,166
just as like, whoa.

1368
00:28:06,166 --> 00:28:07,416
What's this? So.

1369
00:28:07,416 --> 00:28:07,791
You know,

1370
00:28:07,791 --> 00:28:09,750
magic internet money.

1371
00:28:09,750 --> 00:28:10,583
Which literally

1372
00:28:10,583 --> 00:28:12,166
it was much more in know,

1373
00:28:12,166 --> 00:28:13,291
it was much more in line

1374
00:28:13,291 --> 00:28:14,166
with that magic

1375
00:28:14,166 --> 00:28:14,833
instead of money

1376
00:28:14,833 --> 00:28:16,166
and all that sort of stuff.

1377
00:28:16,166 --> 00:28:16,916
Yeah.

1378
00:28:16,916 --> 00:28:18,208
Well, I was going to ask you,

1379
00:28:18,208 --> 00:28:19,791
but you might not remember,

1380
00:28:19,791 --> 00:28:20,958
because I even, I,

1381
00:28:20,958 --> 00:28:21,791
even I forget

1382
00:28:21,791 --> 00:28:22,375
and I went

1383
00:28:22,375 --> 00:28:24,000
into last year, but like,

1384
00:28:24,000 --> 00:28:24,750
do you remember what

1385
00:28:24,750 --> 00:28:26,125
some of those critical

1386
00:28:26,125 --> 00:28:28,916
moments were in your journey

1387
00:28:28,916 --> 00:28:29,708
to understanding

1388
00:28:29,708 --> 00:28:30,416
some business?

1389
00:28:30,416 --> 00:28:31,458
I feel like the biggest,

1390
00:28:31,458 --> 00:28:32,750
the biggest

1391
00:28:32,750 --> 00:28:35,000
by a billion years.

1392
00:28:35,000 --> 00:28:36,583
The biggest moment

1393
00:28:36,583 --> 00:28:38,583
that I had was,

1394
00:28:38,583 --> 00:28:42,625
the block size was in 2017.

1395
00:28:42,625 --> 00:28:44,125
So I was a CEO wire

1396
00:28:44,125 --> 00:28:45,541
and we were really big company

1397
00:28:45,541 --> 00:28:46,625
and we had

1398
00:28:46,625 --> 00:28:48,041
a lot of infrastructure,

1399
00:28:48,041 --> 00:28:48,875
that was powering

1400
00:28:48,875 --> 00:28:49,750
a lot of the other

1401
00:28:49,750 --> 00:28:51,083
like other liquidity

1402
00:28:51,083 --> 00:28:52,666
providers or wallet services

1403
00:28:52,666 --> 00:28:53,541
and stuff.

1404
00:28:53,541 --> 00:28:55,250
And the Blocksize

1405
00:28:55,250 --> 00:28:56,125
wars came about,

1406
00:28:56,125 --> 00:28:57,625
which was in 2017.

1407
00:28:57,625 --> 00:28:59,083
And it's where bitcoins

1408
00:28:59,083 --> 00:29:00,416
basically bitcoin split

1409
00:29:00,416 --> 00:29:01,250
into two groups.

1410
00:29:01,250 --> 00:29:02,250
Those that wanted

1411
00:29:02,250 --> 00:29:03,583
to increase the block size

1412
00:29:03,583 --> 00:29:04,708
and those that wanted to make

1413
00:29:04,708 --> 00:29:06,500
the block size not change.

1414
00:29:06,500 --> 00:29:07,666
And my not my

1415
00:29:07,666 --> 00:29:08,791
initial reaction was,

1416
00:29:08,791 --> 00:29:10,250
I guess, wait, that's mad.

1417
00:29:10,250 --> 00:29:11,458
That doesn't bother me.

1418
00:29:11,458 --> 00:29:13,166
And then I got like

1419
00:29:13,166 --> 00:29:14,541
the resident maxes

1420
00:29:14,541 --> 00:29:15,666
in our company,

1421
00:29:15,666 --> 00:29:17,708
the Bitcoin maxis basically.

1422
00:29:17,708 --> 00:29:19,541
And I asked them,

1423
00:29:19,541 --> 00:29:20,041
I was like, guys,

1424
00:29:20,041 --> 00:29:21,250
what's your take on this?

1425
00:29:21,250 --> 00:29:22,666
And which way should we go?

1426
00:29:22,666 --> 00:29:23,666
You guys are closest

1427
00:29:23,666 --> 00:29:24,500
to the protocol.

1428
00:29:24,500 --> 00:29:25,625
What's your opinion on it

1429
00:29:25,625 --> 00:29:26,666
and can you help me

1430
00:29:26,666 --> 00:29:28,375
understand everything

1431
00:29:28,375 --> 00:29:29,958
and the email?

1432
00:29:29,958 --> 00:29:31,375
They drafted the email back

1433
00:29:31,375 --> 00:29:32,416
to one of our investors

1434
00:29:32,416 --> 00:29:33,750
who was asking for us

1435
00:29:33,750 --> 00:29:35,250
to participate in saying,

1436
00:29:35,250 --> 00:29:36,833
yes, increase the block size.

1437
00:29:37,791 --> 00:29:39,375
But I didn't want to do that

1438
00:29:39,375 --> 00:29:41,541
unless the Maxis approved it,

1439
00:29:41,541 --> 00:29:42,416
because they know

1440
00:29:42,416 --> 00:29:43,208
more than I do

1441
00:29:43,208 --> 00:29:44,125
just in general.

1442
00:29:44,125 --> 00:29:45,250
Like they're closer to it

1443
00:29:45,250 --> 00:29:46,083
and more passionate

1444
00:29:46,083 --> 00:29:47,791
at the time.

1445
00:29:47,791 --> 00:29:48,500
And what happened

1446
00:29:48,500 --> 00:29:52,708
was I saw 657 or basically

1447
00:29:52,708 --> 00:29:54,083
all but three companies

1448
00:29:54,083 --> 00:29:56,375
in the industry approve it.

1449
00:29:56,375 --> 00:29:57,500
And I was like, oh, okay.

1450
00:29:57,500 --> 00:29:57,958
Well, I guess

1451
00:29:57,958 --> 00:29:59,000
it's going ahead then.

1452
00:29:59,000 --> 00:30:00,625
And then all the node runners

1453
00:30:00,625 --> 00:30:03,208
on the network said, nah,

1454
00:30:03,208 --> 00:30:04,208
we're not doing that.

1455
00:30:04,208 --> 00:30:07,208
And it became like, whoa.

1456
00:30:07,208 --> 00:30:08,333
Even though Coinbase

1457
00:30:08,333 --> 00:30:09,958
has got 20 million users,

1458
00:30:09,958 --> 00:30:11,041
BitPay had,

1459
00:30:11,041 --> 00:30:11,625
you know,

1460
00:30:11,625 --> 00:30:13,250
1 million merchants

1461
00:30:13,250 --> 00:30:14,750
or whatever,

1462
00:30:14,750 --> 00:30:16,500
that doesn't mean shit.

1463
00:30:16,500 --> 00:30:17,625
Like, you mean like that

1464
00:30:17,625 --> 00:30:18,208
didn't matter

1465
00:30:18,208 --> 00:30:19,291
because the nodes

1466
00:30:19,291 --> 00:30:20,625
are the one that vote on

1467
00:30:20,625 --> 00:30:21,500
whether we're increasing

1468
00:30:21,500 --> 00:30:22,833
the block size or not.

1469
00:30:22,833 --> 00:30:24,291
And then you realize, okay,

1470
00:30:24,291 --> 00:30:25,291
so Coinbase well,

1471
00:30:25,291 --> 00:30:26,791
it's got 20 million users

1472
00:30:26,791 --> 00:30:28,333
and a lot of influence.

1473
00:30:28,333 --> 00:30:29,000
It doesn't run

1474
00:30:29,000 --> 00:30:30,375
20 million nodes.

1475
00:30:30,375 --> 00:30:31,833
It only runs one or you know

1476
00:30:31,833 --> 00:30:33,125
eight or something like that.

1477
00:30:33,125 --> 00:30:34,750
So their voice

1478
00:30:34,750 --> 00:30:36,541
isn't as loud as their brand

1479
00:30:36,541 --> 00:30:38,000
when it comes to the network.

1480
00:30:38,000 --> 00:30:39,750
And that was a big

1481
00:30:39,750 --> 00:30:40,791
moment for me.

1482
00:30:40,791 --> 00:30:42,333
Start saving in Bitcoin

1483
00:30:42,333 --> 00:30:43,291
with BitTorrent,

1484
00:30:43,291 --> 00:30:45,000
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1485
00:30:45,000 --> 00:30:46,416
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1486
00:30:46,416 --> 00:30:48,083
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1487
00:30:48,083 --> 00:30:49,750
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1488
00:30:49,750 --> 00:30:51,583
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1489
00:30:51,583 --> 00:30:52,916
making their first Bitcoin

1490
00:30:52,916 --> 00:30:54,125
purchase today.

1491
00:30:54,125 --> 00:30:55,416
Download the app

1492
00:30:55,416 --> 00:30:57,625
or visit beta.com. Today you.

1493
00:31:00,125 --> 00:31:05,041
O right the nodes matter.

1494
00:31:05,125 --> 00:31:06,125
Not your brand,

1495
00:31:06,125 --> 00:31:07,583
not the size of your startup,

1496
00:31:07,583 --> 00:31:09,916
not your investor roster,

1497
00:31:09,916 --> 00:31:11,000
the nodes.

1498
00:31:11,000 --> 00:31:11,791
And that was a

1499
00:31:11,791 --> 00:31:12,541
tremendous learning

1500
00:31:12,541 --> 00:31:13,083
curve for me

1501
00:31:13,083 --> 00:31:14,333
because that's when I go,

1502
00:31:14,333 --> 00:31:15,833
these guys

1503
00:31:15,833 --> 00:31:17,041
are the backbone of the

1504
00:31:17,041 --> 00:31:18,208
whole network,

1505
00:31:18,208 --> 00:31:18,958
which means the

1506
00:31:18,958 --> 00:31:20,750
entire industry

1507
00:31:20,750 --> 00:31:22,458
rests on these nodes.

1508
00:31:22,458 --> 00:31:23,583
And that really showed me

1509
00:31:23,583 --> 00:31:24,416
the dynamic

1510
00:31:24,416 --> 00:31:25,375
of who's in charge,

1511
00:31:25,375 --> 00:31:26,416
not who's in charge,

1512
00:31:26,416 --> 00:31:28,583
but more like,

1513
00:31:28,583 --> 00:31:29,750
what do you have

1514
00:31:29,750 --> 00:31:31,375
to delicately manage?

1515
00:31:31,375 --> 00:31:32,125
You know, that

1516
00:31:32,125 --> 00:31:33,583
that is the critical thing.

1517
00:31:33,583 --> 00:31:34,958
Like that's the,

1518
00:31:34,958 --> 00:31:36,291
the red button

1519
00:31:36,291 --> 00:31:37,333
for the nuclear warhead

1520
00:31:37,333 --> 00:31:38,666
or whatever is the nodes.

1521
00:31:38,666 --> 00:31:40,041
They're the they are the,

1522
00:31:40,041 --> 00:31:41,125
the first class

1523
00:31:41,125 --> 00:31:42,958
citizens of the, the,

1524
00:31:42,958 --> 00:31:44,416
the network.

1525
00:31:44,416 --> 00:31:45,916
And so that was huge for me

1526
00:31:45,916 --> 00:31:47,000
because it might

1527
00:31:47,000 --> 00:31:47,791
sound technical, but

1528
00:31:47,791 --> 00:31:48,833
it basically is like,

1529
00:31:50,041 --> 00:31:50,583
you know,

1530
00:31:50,583 --> 00:31:52,083
the people's voice

1531
00:31:52,083 --> 00:31:53,625
comes through.

1532
00:31:53,625 --> 00:31:54,708
That's what the nodes are.

1533
00:31:54,708 --> 00:31:55,916
Nodes are like one vote,

1534
00:31:55,916 --> 00:31:57,416
one person basically,

1535
00:31:57,416 --> 00:31:59,625
and saying that overwhelm

1536
00:31:59,625 --> 00:32:01,458
these humongous brands

1537
00:32:01,458 --> 00:32:03,500
with incredible distribution.

1538
00:32:03,500 --> 00:32:05,833
That's what I realized, okay,

1539
00:32:05,833 --> 00:32:07,375
that that's the conversation.

1540
00:32:07,375 --> 00:32:08,583
We're not in startup land.

1541
00:32:08,583 --> 00:32:09,541
This is a network

1542
00:32:09,541 --> 00:32:11,333
for the whole world.

1543
00:32:11,333 --> 00:32:13,041
And if you're a node running,

1544
00:32:13,041 --> 00:32:14,041
you get a say.

1545
00:32:14,041 --> 00:32:14,541
It doesn't matter

1546
00:32:14,541 --> 00:32:15,583
if you got a podcast,

1547
00:32:15,583 --> 00:32:16,625
doesn't matter if you've,

1548
00:32:16,625 --> 00:32:17,416
you know, raised

1549
00:32:17,416 --> 00:32:18,666
100 million, doesn't matter

1550
00:32:18,666 --> 00:32:18,875
if you

1551
00:32:18,875 --> 00:32:20,333
got a billion in revenue.

1552
00:32:20,333 --> 00:32:21,500
You run a node.

1553
00:32:21,500 --> 00:32:22,458
That's your vote.

1554
00:32:22,458 --> 00:32:23,625
Whether you're a ten foot

1555
00:32:23,625 --> 00:32:25,541
tall, two foot tall,

1556
00:32:25,541 --> 00:32:27,000
300 kilos, 100,

1557
00:32:27,000 --> 00:32:27,708
it doesn't matter

1558
00:32:27,708 --> 00:32:28,708
nodes, a node.

1559
00:32:28,708 --> 00:32:30,958
And so I think that was a real

1560
00:32:30,958 --> 00:32:32,375
big eye opener for me.

1561
00:32:32,375 --> 00:32:34,208
I was just like, whoa.

1562
00:32:34,208 --> 00:32:35,875
And since then

1563
00:32:35,875 --> 00:32:37,041
I've been really hung up

1564
00:32:37,041 --> 00:32:38,208
on that same premise.

1565
00:32:38,208 --> 00:32:38,666
Maybe I'm

1566
00:32:38,666 --> 00:32:39,916
just like a trauma injury

1567
00:32:39,916 --> 00:32:40,916
from the Blocksize Wars

1568
00:32:40,916 --> 00:32:42,291
or something like,

1569
00:32:42,291 --> 00:32:44,958
it's like, I think now

1570
00:32:44,958 --> 00:32:46,375
I just don't want change

1571
00:32:46,375 --> 00:32:47,708
because I saw how divisive

1572
00:32:47,708 --> 00:32:48,500
it gets.

1573
00:32:48,500 --> 00:32:50,041
And the problem is with things

1574
00:32:50,041 --> 00:32:50,875
that have tensile

1575
00:32:50,875 --> 00:32:52,333
strength like networks,

1576
00:32:52,333 --> 00:32:53,333
it's like networks

1577
00:32:53,333 --> 00:32:54,041
are held together

1578
00:32:54,041 --> 00:32:54,833
by the strength

1579
00:32:54,833 --> 00:32:56,500
of the connections. Right.

1580
00:32:56,500 --> 00:32:57,333
In the same way,

1581
00:32:57,333 --> 00:32:58,791
think of a glass panel

1582
00:32:58,791 --> 00:32:59,458
in the exact

1583
00:32:59,458 --> 00:33:00,833
same way as a network.

1584
00:33:00,833 --> 00:33:01,708
But just instead

1585
00:33:01,708 --> 00:33:03,041
of the nodes being sparse,

1586
00:33:03,041 --> 00:33:03,750
they're very,

1587
00:33:03,750 --> 00:33:04,916
very close together.

1588
00:33:04,916 --> 00:33:06,166
So, you know,

1589
00:33:06,166 --> 00:33:07,250
when you break glass

1590
00:33:07,250 --> 00:33:08,416
in those shock movies,

1591
00:33:08,416 --> 00:33:08,958
a shock

1592
00:33:08,958 --> 00:33:10,125
will swim into the glass.

1593
00:33:10,125 --> 00:33:11,541
It'll put a crack down it

1594
00:33:11,541 --> 00:33:13,291
and it's like, oh,

1595
00:33:13,291 --> 00:33:14,041
the shock crack.

1596
00:33:14,041 --> 00:33:15,875
And then the next crack start.

1597
00:33:15,875 --> 00:33:17,083
And then they all basically,

1598
00:33:17,083 --> 00:33:18,333
once you put one crack

1599
00:33:18,333 --> 00:33:18,958
in the tensile

1600
00:33:18,958 --> 00:33:21,666
strength of the canvas,

1601
00:33:21,666 --> 00:33:22,666
the next crack

1602
00:33:22,666 --> 00:33:23,833
is much easier to

1603
00:33:23,833 --> 00:33:24,958
to basically come.

1604
00:33:24,958 --> 00:33:25,791
And that's what we saw

1605
00:33:25,791 --> 00:33:26,833
once Bitcoin had

1606
00:33:26,833 --> 00:33:28,541
forked in 2017,

1607
00:33:28,541 --> 00:33:29,083
we saw it

1608
00:33:29,083 --> 00:33:31,291
go to Bitcoin cash and Bitcoin

1609
00:33:31,291 --> 00:33:33,000
and the Bitcoin Cash people

1610
00:33:33,000 --> 00:33:34,875
that then split again

1611
00:33:34,875 --> 00:33:36,125
to Bitcoin cash

1612
00:33:36,125 --> 00:33:36,791
in Bitcoin

1613
00:33:36,791 --> 00:33:38,791
ABC or SVR or something.

1614
00:33:38,791 --> 00:33:41,625
And so what it goes to show

1615
00:33:41,625 --> 00:33:42,583
is that,

1616
00:33:42,583 --> 00:33:45,416
it's less about the argument

1617
00:33:45,416 --> 00:33:47,000
itself and more.

1618
00:33:47,000 --> 00:33:48,958
Some people want more

1619
00:33:48,958 --> 00:33:49,791
and some people

1620
00:33:49,791 --> 00:33:50,666
want to keep it

1621
00:33:50,666 --> 00:33:52,041
as is

1622
00:33:52,041 --> 00:33:52,875
in general,

1623
00:33:52,875 --> 00:33:54,333
because the people that wanted

1624
00:33:54,333 --> 00:33:55,041
the change

1625
00:33:55,041 --> 00:33:56,291
went to another protocol.

1626
00:33:56,291 --> 00:33:57,083
They split off,

1627
00:33:57,083 --> 00:33:58,000
and then they got

1628
00:33:58,000 --> 00:33:58,791
more change

1629
00:33:58,791 --> 00:33:59,625
than they bargained for,

1630
00:33:59,625 --> 00:34:00,583
because then that split

1631
00:34:00,583 --> 00:34:02,000
split itself.

1632
00:34:02,000 --> 00:34:02,750
So it was like,

1633
00:34:02,750 --> 00:34:03,083
you know,

1634
00:34:03,083 --> 00:34:04,375
one into two into frame

1635
00:34:04,375 --> 00:34:05,958
to eight into six or whatever.

1636
00:34:05,958 --> 00:34:06,125
It is

1637
00:34:06,125 --> 00:34:07,750
basically just kept halving

1638
00:34:07,750 --> 00:34:08,750
or splitting.

1639
00:34:08,750 --> 00:34:10,375
And so that's why

1640
00:34:10,375 --> 00:34:12,500
especially lately with like

1641
00:34:12,500 --> 00:34:13,375
Bitcoin Core

1642
00:34:13,375 --> 00:34:14,750
and Bitcoin nodes,

1643
00:34:14,750 --> 00:34:15,708
I think

1644
00:34:15,708 --> 00:34:16,791
my side is more on

1645
00:34:16,791 --> 00:34:18,208
the not conversation,

1646
00:34:18,208 --> 00:34:20,875
but that leans mainly because

1647
00:34:20,875 --> 00:34:22,666
if I had to pick 1 or 2

1648
00:34:22,666 --> 00:34:23,250
like between

1649
00:34:23,250 --> 00:34:24,541
either of them, I'd pick nodes

1650
00:34:24,541 --> 00:34:26,666
purely out of simplicity,

1651
00:34:26,666 --> 00:34:28,250
like the

1652
00:34:28,250 --> 00:34:29,875
simplicity of the message.

1653
00:34:29,875 --> 00:34:30,875
This is Bitcoin.

1654
00:34:30,875 --> 00:34:32,250
It's a monetary network.

1655
00:34:32,250 --> 00:34:34,208
Use it to store value.

1656
00:34:34,208 --> 00:34:35,000
That.

1657
00:34:35,000 --> 00:34:36,958
Core to JPEGs.

1658
00:34:36,958 --> 00:34:37,458
Yeah.

1659
00:34:37,458 --> 00:34:37,916
And of course

1660
00:34:37,916 --> 00:34:39,041
sort of saying no, no, no,

1661
00:34:39,041 --> 00:34:40,166
it's not our decision to make.

1662
00:34:40,166 --> 00:34:41,208
It's like

1663
00:34:41,208 --> 00:34:42,083
that's like a parent

1664
00:34:42,083 --> 00:34:43,375
saying to their child

1665
00:34:43,375 --> 00:34:45,166
like, you know,

1666
00:34:45,166 --> 00:34:47,750
we can't tell our child

1667
00:34:47,750 --> 00:34:48,708
what to do.

1668
00:34:48,708 --> 00:34:49,833
We're not going to say

1669
00:34:49,833 --> 00:34:51,458
no to them having ice cream

1670
00:34:51,458 --> 00:34:52,708
for breakfast,

1671
00:34:52,708 --> 00:34:54,500
like anyone with their head

1672
00:34:54,500 --> 00:34:55,166
on their shoulders

1673
00:34:55,166 --> 00:34:56,833
goes, yeah, I understand

1674
00:34:56,833 --> 00:34:57,291
you don't want to

1675
00:34:57,291 --> 00:34:59,166
send to your kids. No worries.

1676
00:34:59,166 --> 00:34:59,958
Do you think there's

1677
00:34:59,958 --> 00:35:01,000
a difference between

1678
00:35:01,000 --> 00:35:03,333
censoring and educating?

1679
00:35:03,333 --> 00:35:04,458
Like, obviously,

1680
00:35:04,458 --> 00:35:05,500
I think that's the thing,

1681
00:35:05,500 --> 00:35:07,666
but what it showed me was

1682
00:35:07,666 --> 00:35:09,000
there's a huge divide

1683
00:35:09,000 --> 00:35:10,916
in understanding the protocol.

1684
00:35:10,916 --> 00:35:11,625
And I'm not saying

1685
00:35:11,625 --> 00:35:12,416
I understand it.

1686
00:35:12,416 --> 00:35:13,458
I'm not saying anyone does,

1687
00:35:13,458 --> 00:35:13,916
but I'm just saying

1688
00:35:13,916 --> 00:35:14,750
there's a division

1689
00:35:14,750 --> 00:35:15,833
in the outlook

1690
00:35:15,833 --> 00:35:17,333
of the protocol.

1691
00:35:17,333 --> 00:35:18,833
And I think

1692
00:35:18,833 --> 00:35:20,291
when you add complexity

1693
00:35:20,291 --> 00:35:21,916
in any distributed system,

1694
00:35:21,916 --> 00:35:22,458
it doesn't matter

1695
00:35:22,458 --> 00:35:23,750
if it's a group of people

1696
00:35:23,750 --> 00:35:25,166
or a network of nodes.

1697
00:35:25,166 --> 00:35:27,041
When you add any complexity,

1698
00:35:27,041 --> 00:35:27,583
you add

1699
00:35:27,583 --> 00:35:28,958
risk of

1700
00:35:28,958 --> 00:35:30,875
undoing all the hardness

1701
00:35:30,875 --> 00:35:32,333
that you've already got.

1702
00:35:32,333 --> 00:35:33,291
You know,

1703
00:35:33,291 --> 00:35:33,875
Ethereum is a

1704
00:35:33,875 --> 00:35:35,000
really good example.

1705
00:35:35,000 --> 00:35:35,708
Everyone does

1706
00:35:35,708 --> 00:35:36,750
everything on Ethereum,

1707
00:35:36,750 --> 00:35:38,583
but Ethereum is a protocol

1708
00:35:38,583 --> 00:35:39,583
and as money is

1709
00:35:39,583 --> 00:35:41,000
getting cannibalized,

1710
00:35:41,000 --> 00:35:43,083
it was at 2104 years ago.

1711
00:35:43,083 --> 00:35:44,791
It's a 2300 now.

1712
00:35:44,791 --> 00:35:46,750
It's three. It has. 21.

1713
00:35:46,750 --> 00:35:47,083
Yeah.

1714
00:35:47,083 --> 00:35:48,666
It doesn't catch the upside

1715
00:35:48,666 --> 00:35:49,458
and that doesn't

1716
00:35:49,458 --> 00:35:50,250
catch the upside

1717
00:35:50,250 --> 00:35:51,958
because there's so much

1718
00:35:51,958 --> 00:35:53,375
cannibalizing behavior

1719
00:35:53,375 --> 00:35:54,083
happening on it.

1720
00:35:54,083 --> 00:35:55,958
Like the L2 is a bleeding eath

1721
00:35:55,958 --> 00:35:57,416
dry like as a

1722
00:35:57,416 --> 00:35:58,958
as the network in my opinion.

1723
00:35:58,958 --> 00:36:00,333
And then you've got Solana

1724
00:36:00,333 --> 00:36:01,000
which is a

1725
00:36:01,000 --> 00:36:02,125
like not attacking it

1726
00:36:02,125 --> 00:36:04,166
but competing against it. So

1727
00:36:05,500 --> 00:36:06,083
this lack

1728
00:36:06,083 --> 00:36:07,041
of focus

1729
00:36:07,041 --> 00:36:09,166
is really bad in general

1730
00:36:09,166 --> 00:36:10,416
because when you make rules

1731
00:36:10,416 --> 00:36:11,333
for everyone,

1732
00:36:11,333 --> 00:36:12,583
which means you make a product

1733
00:36:12,583 --> 00:36:13,208
for everyone,

1734
00:36:13,208 --> 00:36:14,875
you make a product for no one.

1735
00:36:14,875 --> 00:36:16,083
And if you have a product

1736
00:36:16,083 --> 00:36:16,916
for no one,

1737
00:36:16,916 --> 00:36:18,250
then you have no alignment.

1738
00:36:18,250 --> 00:36:19,375
If you have no alignment,

1739
00:36:19,375 --> 00:36:20,333
you have no direction.

1740
00:36:20,333 --> 00:36:21,750
If you've got no direction,

1741
00:36:21,750 --> 00:36:23,500
you start staying stagnant.

1742
00:36:23,500 --> 00:36:24,500
And that's exactly what

1743
00:36:24,500 --> 00:36:26,083
the economic activity and,

1744
00:36:26,083 --> 00:36:28,250
Ethereum's price

1745
00:36:28,250 --> 00:36:29,625
sort of says.

1746
00:36:29,625 --> 00:36:30,166
It says it's

1747
00:36:30,166 --> 00:36:31,166
just spinning its wheels

1748
00:36:31,166 --> 00:36:32,291
almost like a loading sign

1749
00:36:32,291 --> 00:36:33,833
just going around in circles.

1750
00:36:33,833 --> 00:36:35,375
20, 120, 100.

1751
00:36:35,375 --> 00:36:35,833
I'm not saying

1752
00:36:35,833 --> 00:36:36,291
obviously it's

1753
00:36:36,291 --> 00:36:37,125
going up and down,

1754
00:36:37,125 --> 00:36:37,875
but I'm just saying

1755
00:36:37,875 --> 00:36:38,875
in general,

1756
00:36:38,875 --> 00:36:39,875
it hasn't caught

1757
00:36:39,875 --> 00:36:41,791
its new big leg up.

1758
00:36:41,791 --> 00:36:42,958
Like if it was matching

1759
00:36:42,958 --> 00:36:44,083
Bitcoin and running

1760
00:36:44,083 --> 00:36:45,416
in the same way,

1761
00:36:45,416 --> 00:36:46,041
it would be,

1762
00:36:46,041 --> 00:36:48,375
you know, 8 to 12 K right now.

1763
00:36:48,375 --> 00:36:50,291
And so I think

1764
00:36:50,291 --> 00:36:51,291
I don't like risking

1765
00:36:51,291 --> 00:36:52,541
confusion.

1766
00:36:52,541 --> 00:36:53,958
Bitcoin is hard to understand

1767
00:36:53,958 --> 00:36:55,375
for the smartest people

1768
00:36:55,375 --> 00:36:56,375
in the industry,

1769
00:36:56,375 --> 00:36:57,041
let alone

1770
00:36:57,041 --> 00:36:57,625
the person that's

1771
00:36:57,625 --> 00:36:58,583
just coming in.

1772
00:36:58,583 --> 00:37:00,166
If I get to talk to someone

1773
00:37:00,166 --> 00:37:00,958
about bitcoin,

1774
00:37:00,958 --> 00:37:02,666
I don't want to have to say,

1775
00:37:02,666 --> 00:37:04,166
yeah, you can do money or

1776
00:37:04,166 --> 00:37:05,750
but you can do JPEGs all

1777
00:37:05,750 --> 00:37:07,041
but you can also do this

1778
00:37:07,041 --> 00:37:09,000
and it's like you've lost me.

1779
00:37:09,000 --> 00:37:10,291
Like people,

1780
00:37:10,291 --> 00:37:12,416
people click off your video

1781
00:37:12,416 --> 00:37:14,208
like ask any content creator

1782
00:37:14,208 --> 00:37:15,416
if you don't have a book

1783
00:37:15,416 --> 00:37:17,041
to get people straight away

1784
00:37:17,041 --> 00:37:18,208
by, you're

1785
00:37:18,208 --> 00:37:18,875
at the end of the river.

1786
00:37:18,875 --> 00:37:20,291
I got a thousand other useless

1787
00:37:20,291 --> 00:37:21,625
bits of content waiting for me

1788
00:37:21,625 --> 00:37:22,041
that will give

1789
00:37:22,041 --> 00:37:22,958
me entertainment

1790
00:37:22,958 --> 00:37:24,291
straight off the bat.

1791
00:37:24,291 --> 00:37:25,208
And if you're a hook

1792
00:37:25,208 --> 00:37:26,250
in the first like one, two,

1793
00:37:26,250 --> 00:37:27,625
three seconds of like,

1794
00:37:27,625 --> 00:37:28,791
let's say it's a real

1795
00:37:28,791 --> 00:37:31,583
on Facebook or it's a TikTok,

1796
00:37:31,583 --> 00:37:32,666
that's the audience.

1797
00:37:32,666 --> 00:37:33,583
So in the moment

1798
00:37:33,583 --> 00:37:35,916
you had any confusion by

1799
00:37:35,916 --> 00:37:36,791
byte like, no,

1800
00:37:36,791 --> 00:37:37,791
I've got too many options

1801
00:37:37,791 --> 00:37:38,958
by I'm over it.

1802
00:37:38,958 --> 00:37:40,250
Like, so

1803
00:37:40,250 --> 00:37:41,500
any person that,

1804
00:37:41,500 --> 00:37:44,000
evangelizing to that,

1805
00:37:44,000 --> 00:37:46,583
they may have self-interest

1806
00:37:46,583 --> 00:37:47,125
for it.

1807
00:37:47,125 --> 00:37:47,750
Like as in

1808
00:37:47,750 --> 00:37:48,916
that might be very beneficial

1809
00:37:48,916 --> 00:37:49,708
to them.

1810
00:37:49,708 --> 00:37:50,125
But, you know,

1811
00:37:50,125 --> 00:37:51,583
I think Bitcoin's power lies

1812
00:37:51,583 --> 00:37:53,750
when people put the network

1813
00:37:53,750 --> 00:37:55,166
before their self-interest.

1814
00:37:55,166 --> 00:37:56,125
And that's where

1815
00:37:56,125 --> 00:37:57,583
it gets really gnarly,

1816
00:37:57,583 --> 00:37:58,500
like in terms

1817
00:37:58,500 --> 00:38:00,083
of a powerful thing.

1818
00:38:00,083 --> 00:38:01,666
Imagine every single person

1819
00:38:01,666 --> 00:38:02,833
had the same answers

1820
00:38:02,833 --> 00:38:04,375
for Bitcoin questions.

1821
00:38:04,375 --> 00:38:05,916
That is like

1822
00:38:05,916 --> 00:38:07,333
a maximum alignment.

1823
00:38:07,333 --> 00:38:08,958
And that is really strong

1824
00:38:08,958 --> 00:38:09,875
because it's very,

1825
00:38:09,875 --> 00:38:11,250
very hard to break.

1826
00:38:11,250 --> 00:38:12,000
It's almost like trying

1827
00:38:12,000 --> 00:38:13,083
to break a religion.

1828
00:38:13,083 --> 00:38:14,291
You can't really break

1829
00:38:14,291 --> 00:38:14,708
a religion

1830
00:38:14,708 --> 00:38:15,750
because the core value

1831
00:38:15,750 --> 00:38:17,458
system is so strong

1832
00:38:17,458 --> 00:38:19,916
and so widely distributed.

1833
00:38:19,916 --> 00:38:21,083
Christianity doesn't

1834
00:38:21,083 --> 00:38:22,791
come out slapping new rules

1835
00:38:22,791 --> 00:38:24,083
on the Ten Commandments,

1836
00:38:24,083 --> 00:38:24,916
like they don't come out

1837
00:38:24,916 --> 00:38:26,000
with the 2020 version

1838
00:38:26,000 --> 00:38:27,250
of the Ten Commandments.

1839
00:38:27,250 --> 00:38:30,125
So I think, you know, a lot of

1840
00:38:30,125 --> 00:38:31,333
the people in the space

1841
00:38:31,333 --> 00:38:32,458
are hung up on Bitcoin

1842
00:38:32,458 --> 00:38:33,541
as a product.

1843
00:38:33,541 --> 00:38:34,500
Yeah.

1844
00:38:34,500 --> 00:38:35,541
You know, like, oh, cool,

1845
00:38:35,541 --> 00:38:36,125
it can do this.

1846
00:38:36,125 --> 00:38:37,208
It's like, well, it is that.

1847
00:38:37,208 --> 00:38:39,250
But think of it more like,

1848
00:38:39,250 --> 00:38:39,625
I don't know,

1849
00:38:39,625 --> 00:38:41,250
like an ethos or something.

1850
00:38:41,250 --> 00:38:41,833
I don't know,

1851
00:38:41,833 --> 00:38:42,875
that's just my take

1852
00:38:42,875 --> 00:38:44,166
from things I've seen.

1853
00:38:44,166 --> 00:38:44,875
I'm not saying I'm

1854
00:38:44,875 --> 00:38:45,916
right at all.

1855
00:38:45,916 --> 00:38:48,291
But I just find, like,

1856
00:38:48,291 --> 00:38:49,958
a feels like what's happening,

1857
00:38:49,958 --> 00:38:50,666
you know, like it

1858
00:38:50,666 --> 00:38:51,916
feels like, well,

1859
00:38:51,916 --> 00:38:52,208
you know,

1860
00:38:52,208 --> 00:38:53,208
if you've evangelized,

1861
00:38:53,208 --> 00:38:53,916
for one thing,

1862
00:38:53,916 --> 00:38:55,125
so aggressively,

1863
00:38:55,125 --> 00:38:56,541
you know, a few years ago

1864
00:38:56,541 --> 00:38:57,750
and now you're

1865
00:38:57,750 --> 00:38:59,000
not evangelizing for it

1866
00:38:59,000 --> 00:39:00,708
and you're actually opposing

1867
00:39:00,708 --> 00:39:02,208
what you're evangelizing for.

1868
00:39:02,208 --> 00:39:03,708
That's confusing.

1869
00:39:03,708 --> 00:39:06,250
So what happens is 20, 30, 40,

1870
00:39:06,250 --> 00:39:07,083
50 people

1871
00:39:07,083 --> 00:39:08,666
in the industry waste

1872
00:39:08,666 --> 00:39:09,750
their time arguing,

1873
00:39:09,750 --> 00:39:11,500
wasted time debating about it.

1874
00:39:11,500 --> 00:39:13,041
And da da da da da.

1875
00:39:13,041 --> 00:39:13,916
It's exhausting.

1876
00:39:13,916 --> 00:39:15,916
Like the you're

1877
00:39:15,916 --> 00:39:16,916
all on the same team.

1878
00:39:16,916 --> 00:39:17,875
Shut the fuck up

1879
00:39:17,875 --> 00:39:18,958
like part of my language,

1880
00:39:18,958 --> 00:39:21,000
but shut the fuck up. Like

1881
00:39:22,125 --> 00:39:22,916
it's like,

1882
00:39:22,916 --> 00:39:23,875
how bored are you

1883
00:39:23,875 --> 00:39:24,958
that you need to figure out

1884
00:39:24,958 --> 00:39:25,500
problems?

1885
00:39:25,500 --> 00:39:26,125
Like,

1886
00:39:26,125 --> 00:39:27,125
people also don't

1887
00:39:27,125 --> 00:39:29,333
respect the old system enough,

1888
00:39:29,333 --> 00:39:30,666
and that's a really bad thing,

1889
00:39:30,666 --> 00:39:31,916
because it's like

1890
00:39:31,916 --> 00:39:33,125
going into a,

1891
00:39:33,125 --> 00:39:34,708
like a sport

1892
00:39:34,708 --> 00:39:36,208
where you're one on one sport

1893
00:39:36,208 --> 00:39:37,041
and you don't respect

1894
00:39:37,041 --> 00:39:38,875
your opponent's abilities.

1895
00:39:38,875 --> 00:39:40,500
Like, that's a terrible recipe

1896
00:39:40,500 --> 00:39:41,333
for preparation.

1897
00:39:41,333 --> 00:39:42,500
It's a terrible recipe

1898
00:39:42,500 --> 00:39:43,875
for execution.

1899
00:39:43,875 --> 00:39:45,208
You should plan for the worst

1900
00:39:45,208 --> 00:39:45,500
and hope

1901
00:39:45,500 --> 00:39:47,666
for the best in that context.

1902
00:39:47,666 --> 00:39:49,458
And I just think that

1903
00:39:49,458 --> 00:39:50,750
that's kind of been

1904
00:39:50,750 --> 00:39:51,875
I miss it a bit,

1905
00:39:51,875 --> 00:39:52,541
where people think

1906
00:39:52,541 --> 00:39:53,708
Bitcoin's race escape

1907
00:39:53,708 --> 00:39:55,583
velocity can't be blah

1908
00:39:55,583 --> 00:39:55,916
blah blah.

1909
00:39:55,916 --> 00:39:58,375
Oh no, it absolutely can.

1910
00:39:58,375 --> 00:39:59,208
The only reason why

1911
00:39:59,208 --> 00:40:00,208
it hasn't been attacked

1912
00:40:00,208 --> 00:40:01,166
so aggressively

1913
00:40:01,166 --> 00:40:02,541
is because the incentive

1914
00:40:02,541 --> 00:40:03,375
is actually more

1915
00:40:03,375 --> 00:40:05,041
to not attack it.

1916
00:40:05,041 --> 00:40:05,916
You make more money

1917
00:40:05,916 --> 00:40:06,625
by just buying it

1918
00:40:06,625 --> 00:40:07,166
and holding it.

1919
00:40:07,166 --> 00:40:08,083
And that's one of the biggest

1920
00:40:08,083 --> 00:40:09,833
deterrents is like

1921
00:40:09,833 --> 00:40:10,708
people are like, well,

1922
00:40:10,708 --> 00:40:11,458
why would I want to

1923
00:40:11,458 --> 00:40:12,291
break this thing?

1924
00:40:12,291 --> 00:40:14,000
This thing is given me,

1925
00:40:14,000 --> 00:40:14,583
you know,

1926
00:40:14,583 --> 00:40:16,208
a whole new lease on life.

1927
00:40:16,208 --> 00:40:18,208
It's opened my brain up

1928
00:40:18,208 --> 00:40:19,791
if I didn't do anything.

1929
00:40:19,791 --> 00:40:20,750
But I could assure

1930
00:40:20,750 --> 00:40:22,083
that everyone else that used

1931
00:40:22,083 --> 00:40:23,666
it got the same level of

1932
00:40:23,666 --> 00:40:25,041
awesomeness from it.

1933
00:40:25,041 --> 00:40:26,458
That's a huge win

1934
00:40:26,458 --> 00:40:27,625
that is leveling up

1935
00:40:27,625 --> 00:40:28,500
the whole planet.

1936
00:40:28,500 --> 00:40:31,125
So if Bitcoin is under 5%

1937
00:40:31,125 --> 00:40:32,125
of the total adoption

1938
00:40:32,125 --> 00:40:33,125
rate of the world,

1939
00:40:33,125 --> 00:40:33,750
right, let's cool.

1940
00:40:33,750 --> 00:40:34,625
Let's be generous

1941
00:40:34,625 --> 00:40:36,083
and say there's 250 million

1942
00:40:36,083 --> 00:40:37,500
people holding bitcoin.

1943
00:40:37,500 --> 00:40:38,083
Okay.

1944
00:40:38,083 --> 00:40:39,458
There's 250 million

1945
00:40:39,458 --> 00:40:40,916
people holding bitcoin.

1946
00:40:40,916 --> 00:40:41,458
That's less

1947
00:40:41,458 --> 00:40:43,125
than 5% of the earth.

1948
00:40:43,125 --> 00:40:44,875
Or maybe it's like what

1949
00:40:44,875 --> 00:40:47,125
200 I don't know. Yeah.

1950
00:40:47,125 --> 00:40:47,875
Yeah. It's about yeah.

1951
00:40:47,875 --> 00:40:48,958
It's like less than

1952
00:40:48,958 --> 00:40:51,583
5% of the planet probably.

1953
00:40:52,958 --> 00:40:54,250
I don't think we know

1954
00:40:54,250 --> 00:40:55,583
how to fix anything

1955
00:40:55,583 --> 00:40:56,958
when we haven't even gotten

1956
00:40:56,958 --> 00:40:57,791
the total market

1957
00:40:57,791 --> 00:40:59,750
into the thing to fix.

1958
00:40:59,750 --> 00:41:00,708
So when people say,

1959
00:41:00,708 --> 00:41:01,250
oh, we're adding

1960
00:41:01,250 --> 00:41:02,708
features, we're adding value.

1961
00:41:02,708 --> 00:41:05,333
It's like to who?

1962
00:41:05,333 --> 00:41:07,500
Like to, you know,

1963
00:41:07,500 --> 00:41:08,916
what about the other 88%

1964
00:41:08,916 --> 00:41:10,541
or 95% of people

1965
00:41:10,541 --> 00:41:11,375
that are coming in

1966
00:41:11,375 --> 00:41:12,208
to the market?

1967
00:41:12,208 --> 00:41:13,958
Will they want what you want?

1968
00:41:13,958 --> 00:41:14,958
Oh, I don't know.

1969
00:41:14,958 --> 00:41:16,416
But like I hope they do.

1970
00:41:16,416 --> 00:41:17,875
It's going to be really cool.

1971
00:41:17,875 --> 00:41:19,458
And it's like

1972
00:41:19,458 --> 00:41:20,291
you already lost.

1973
00:41:20,291 --> 00:41:20,916
Like it's already

1974
00:41:20,916 --> 00:41:21,708
just so cool.

1975
00:41:21,708 --> 00:41:23,000
But every time you're

1976
00:41:23,000 --> 00:41:24,416
making decisions in Bitcoin,

1977
00:41:24,416 --> 00:41:25,291
I think it should be

1978
00:41:25,291 --> 00:41:27,291
thought of as,

1979
00:41:27,291 --> 00:41:28,916
will this be useful

1980
00:41:28,916 --> 00:41:31,916
for someone in 25 years?

1981
00:41:32,333 --> 00:41:33,083
Basically,

1982
00:41:33,083 --> 00:41:33,625
are you going to add

1983
00:41:33,625 --> 00:41:34,125
a feature?

1984
00:41:34,125 --> 00:41:34,916
Is that useful

1985
00:41:34,916 --> 00:41:36,083
for someone in 25 years?

1986
00:41:36,083 --> 00:41:36,666
Oh well, it's

1987
00:41:36,666 --> 00:41:38,041
really useful for us now

1988
00:41:38,041 --> 00:41:39,416
because let's say

1989
00:41:39,416 --> 00:41:40,791
NFTs are really hot

1990
00:41:40,791 --> 00:41:42,541
or stablecoins are really hot,

1991
00:41:42,541 --> 00:41:43,708
and this allows Bitcoin

1992
00:41:43,708 --> 00:41:44,375
to capture that

1993
00:41:44,375 --> 00:41:44,875
blah, blah, blah.

1994
00:41:46,166 --> 00:41:47,750
That's fine, but

1995
00:41:47,750 --> 00:41:49,166
it's not really relevant.

1996
00:41:49,166 --> 00:41:49,708
We should always

1997
00:41:49,708 --> 00:41:50,250
think about it

1998
00:41:50,250 --> 00:41:52,000
as like public infrastructure.

1999
00:41:52,000 --> 00:41:54,000
Like if the highway works

2000
00:41:54,000 --> 00:41:54,958
and it's not broken

2001
00:41:54,958 --> 00:41:56,000
and it helps millions

2002
00:41:56,000 --> 00:41:57,000
and millions of people

2003
00:41:57,000 --> 00:41:57,916
go from one place

2004
00:41:57,916 --> 00:41:59,375
to another in their life,

2005
00:41:59,375 --> 00:42:00,625
don't break it.

2006
00:42:00,625 --> 00:42:02,375
Don't add a fucking McDonald's

2007
00:42:02,375 --> 00:42:03,125
on the way.

2008
00:42:03,125 --> 00:42:04,083
Don't add that shit

2009
00:42:04,083 --> 00:42:05,291
like we don't need that shit.

2010
00:42:05,291 --> 00:42:06,500
Keep the highway, the highway

2011
00:42:06,500 --> 00:42:07,583
and keep everything else.

2012
00:42:07,583 --> 00:42:09,375
Like let's focus.

2013
00:42:09,375 --> 00:42:11,000
Let's focus on something.

2014
00:42:11,000 --> 00:42:12,291
And if you don't

2015
00:42:12,291 --> 00:42:13,791
focus on something,

2016
00:42:13,791 --> 00:42:15,291
you can't go forward.

2017
00:42:15,291 --> 00:42:16,833
And so when people

2018
00:42:16,833 --> 00:42:17,583
like to say, oh,

2019
00:42:17,583 --> 00:42:18,833
Bitcoin's for everything,

2020
00:42:18,833 --> 00:42:19,583
that's the B,

2021
00:42:19,583 --> 00:42:20,875
that's just lose the chat.

2022
00:42:20,875 --> 00:42:21,958
It's not for everything.

2023
00:42:21,958 --> 00:42:22,583
It's money.

2024
00:42:22,583 --> 00:42:24,083
Like it's not even a debate.

2025
00:42:24,083 --> 00:42:24,833
It's money.

2026
00:42:24,833 --> 00:42:25,166
And it's

2027
00:42:25,166 --> 00:42:26,375
okay to say

2028
00:42:26,375 --> 00:42:28,375
that is just sort of

2029
00:42:28,375 --> 00:42:29,416
like trying

2030
00:42:29,416 --> 00:42:30,875
to define ice cream

2031
00:42:30,875 --> 00:42:31,583
to your children

2032
00:42:31,583 --> 00:42:32,250
and saying, well, it's

2033
00:42:32,250 --> 00:42:33,166
actually food.

2034
00:42:33,166 --> 00:42:34,708
So I'm not bad person

2035
00:42:34,708 --> 00:42:35,666
feeding my kids.

2036
00:42:35,666 --> 00:42:37,625
It's like, you know, better.

2037
00:42:37,625 --> 00:42:38,833
Like that's a good analogy.

2038
00:42:38,833 --> 00:42:39,041
Yeah.

2039
00:42:39,041 --> 00:42:39,500
There's no

2040
00:42:39,500 --> 00:42:40,541
there's nothing else to say.

2041
00:42:40,541 --> 00:42:41,291
You know better.

2042
00:42:41,291 --> 00:42:42,458
And your ego will have

2043
00:42:42,458 --> 00:42:43,500
that conversation with you

2044
00:42:43,500 --> 00:42:44,458
when you're ready than.

2045
00:42:44,458 --> 00:42:44,958
Like me,

2046
00:42:44,958 --> 00:42:46,375
you're a Bitcoin conservative.

2047
00:42:46,375 --> 00:42:47,458
The way the mechanic

2048
00:42:47,458 --> 00:42:48,208
would describe it.

2049
00:42:48,208 --> 00:42:49,250
You can eat.

2050
00:42:49,250 --> 00:42:49,583
He's like

2051
00:42:49,583 --> 00:42:50,708
Bitcoin conservative.

2052
00:42:52,083 --> 00:42:52,708
I just

2053
00:42:52,708 --> 00:42:54,000
with big shit that's

2054
00:42:54,000 --> 00:42:55,166
very expensive

2055
00:42:55,166 --> 00:42:56,583
and very precious

2056
00:42:56,583 --> 00:42:58,250
and very fragile

2057
00:42:58,250 --> 00:42:59,500
and very,

2058
00:42:59,500 --> 00:43:02,500
very important to the future.

2059
00:43:03,041 --> 00:43:03,875
I don't want it. Yeah.

2060
00:43:03,875 --> 00:43:04,750
I'm conservative.

2061
00:43:04,750 --> 00:43:06,500
Keep keep the national parks

2062
00:43:06,500 --> 00:43:07,500
green and keep

2063
00:43:07,500 --> 00:43:08,541
bitcoin the same.

2064
00:43:08,541 --> 00:43:09,208
That's

2065
00:43:09,208 --> 00:43:10,666
we preserve things

2066
00:43:10,666 --> 00:43:12,000
that are really valuable

2067
00:43:12,000 --> 00:43:13,041
that are really hard

2068
00:43:13,041 --> 00:43:14,416
to reproduce.

2069
00:43:14,416 --> 00:43:15,583
And the hardest thing on earth

2070
00:43:15,583 --> 00:43:16,250
to reproduce

2071
00:43:16,250 --> 00:43:18,208
about Bitcoin isn't

2072
00:43:18,208 --> 00:43:19,041
it's not

2073
00:43:19,041 --> 00:43:20,708
how to hash a transaction

2074
00:43:20,708 --> 00:43:23,708
or how to get consensus.

2075
00:43:23,875 --> 00:43:25,708
Well, it's basically

2076
00:43:25,708 --> 00:43:26,083
yeah,

2077
00:43:26,083 --> 00:43:26,750
basically

2078
00:43:26,750 --> 00:43:28,458
an unchanged protocol

2079
00:43:28,458 --> 00:43:30,291
for 16 years.

2080
00:43:30,291 --> 00:43:31,333
Show me something

2081
00:43:31,333 --> 00:43:32,250
that has not changed

2082
00:43:32,250 --> 00:43:33,458
in the past 16 years

2083
00:43:33,458 --> 00:43:36,958
in this environment like wild.

2084
00:43:36,958 --> 00:43:37,583
And so when we

2085
00:43:37,583 --> 00:43:38,666
think about that, it's like,

2086
00:43:38,666 --> 00:43:39,166
oh shit,

2087
00:43:39,166 --> 00:43:40,833
we need to be treating this

2088
00:43:40,833 --> 00:43:41,666
like,

2089
00:43:41,666 --> 00:43:42,500
you know, like it's

2090
00:43:42,500 --> 00:43:44,333
a precious resource.

2091
00:43:44,333 --> 00:43:44,791
You know,

2092
00:43:44,791 --> 00:43:45,958
this is a watering hole

2093
00:43:45,958 --> 00:43:46,875
for the whole planet

2094
00:43:46,875 --> 00:43:47,708
to drink from.

2095
00:43:47,708 --> 00:43:49,166
Just like you see in Africa,

2096
00:43:49,166 --> 00:43:50,458
zebras are drinking next

2097
00:43:50,458 --> 00:43:51,958
to the hyenas who are drinking

2098
00:43:51,958 --> 00:43:52,833
next to the leopards

2099
00:43:52,833 --> 00:43:53,625
or whatever.

2100
00:43:53,625 --> 00:43:54,833
They put the tools down

2101
00:43:54,833 --> 00:43:56,250
when everyone needs water,

2102
00:43:56,250 --> 00:43:57,041
and then they get back

2103
00:43:57,041 --> 00:43:58,208
to killing each other later.

2104
00:43:58,208 --> 00:43:59,500
But they all they don't shit

2105
00:43:59,500 --> 00:44:00,125
in that thing

2106
00:44:00,125 --> 00:44:01,291
basically, right?

2107
00:44:01,291 --> 00:44:01,583
Yeah.

2108
00:44:01,583 --> 00:44:02,875
Like I don't want to

2109
00:44:02,875 --> 00:44:03,958
litter on my chain.

2110
00:44:03,958 --> 00:44:05,541
I don't want fucking toilet

2111
00:44:05,541 --> 00:44:07,375
paper rolls in the ocean

2112
00:44:07,375 --> 00:44:08,875
or chip wrappers

2113
00:44:08,875 --> 00:44:10,791
like it's common sense.

2114
00:44:10,791 --> 00:44:12,000
And you know, you can

2115
00:44:12,000 --> 00:44:13,500
argue it all you want, but

2116
00:44:14,458 --> 00:44:15,291
arguing it

2117
00:44:15,291 --> 00:44:16,166
just means that

2118
00:44:16,166 --> 00:44:18,458
you're sort of dignifying,

2119
00:44:18,458 --> 00:44:21,291
you're sort of illuminating

2120
00:44:21,291 --> 00:44:22,583
a lack of common sense,

2121
00:44:22,583 --> 00:44:22,958
like you're

2122
00:44:22,958 --> 00:44:23,875
trying to argue with me

2123
00:44:23,875 --> 00:44:24,541
whether Bitcoin's

2124
00:44:24,541 --> 00:44:25,208
money or not.

2125
00:44:25,208 --> 00:44:26,458
I'm not arguing with

2126
00:44:26,458 --> 00:44:28,291
can it technically possibly

2127
00:44:28,291 --> 00:44:29,750
be this being maybe

2128
00:44:29,750 --> 00:44:30,791
with eight changes

2129
00:44:30,791 --> 00:44:32,291
in six years,

2130
00:44:32,291 --> 00:44:33,666
anything can be anything

2131
00:44:33,666 --> 00:44:34,833
that's not smart.

2132
00:44:34,833 --> 00:44:35,583
To identify

2133
00:44:35,583 --> 00:44:37,375
something is like a problem.

2134
00:44:37,375 --> 00:44:38,000
Identifying

2135
00:44:38,000 --> 00:44:39,875
solutions is smart.

2136
00:44:39,875 --> 00:44:40,958
Everyone can identify

2137
00:44:40,958 --> 00:44:41,416
problems.

2138
00:44:41,416 --> 00:44:42,500
That's not a hard thing.

2139
00:44:42,500 --> 00:44:43,875
It's very easy to be negative.

2140
00:44:43,875 --> 00:44:44,875
It's very easy

2141
00:44:44,875 --> 00:44:46,583
to understand, like

2142
00:44:46,583 --> 00:44:47,958
what could be better.

2143
00:44:47,958 --> 00:44:49,375
But if you don't

2144
00:44:49,375 --> 00:44:50,458
provide solutions

2145
00:44:50,458 --> 00:44:51,125
with your chat,

2146
00:44:51,125 --> 00:44:51,916
I find it pretty.

2147
00:44:51,916 --> 00:44:52,833


2148
00:44:52,833 --> 00:44:53,750
It's sort of like you're

2149
00:44:53,750 --> 00:44:54,833
just letting your

2150
00:44:54,833 --> 00:44:56,333
inner voice talk out loud,

2151
00:44:56,333 --> 00:44:57,208
but it's not really

2152
00:44:57,208 --> 00:44:58,625
a constructive value adding

2153
00:44:58,625 --> 00:44:59,333
come back.

2154
00:44:59,333 --> 00:44:59,791
Yeah,

2155
00:44:59,791 --> 00:45:00,166
I say

2156
00:45:00,166 --> 00:45:01,000
that is like someone

2157
00:45:01,000 --> 00:45:01,500
who just

2158
00:45:01,500 --> 00:45:02,750
absolutely yaps

2159
00:45:02,750 --> 00:45:03,250
their head off.

2160
00:45:03,250 --> 00:45:04,250
So yeah,

2161
00:45:04,250 --> 00:45:05,125
I think like

2162
00:45:05,125 --> 00:45:06,291
I mean, like I'm a,

2163
00:45:06,291 --> 00:45:07,625
I'm talking to myself

2164
00:45:07,625 --> 00:45:08,708
in this case to.

2165
00:45:10,791 --> 00:45:11,125
I was

2166
00:45:11,125 --> 00:45:12,416
actually going to ask you,

2167
00:45:12,416 --> 00:45:15,083
about Australian bitcoiners.

2168
00:45:15,083 --> 00:45:16,666
If on your travels

2169
00:45:16,666 --> 00:45:18,458
you've noticed a difference

2170
00:45:18,458 --> 00:45:19,708
like cultural differences

2171
00:45:19,708 --> 00:45:21,375
between Australian

2172
00:45:21,375 --> 00:45:22,791
bitcoin is and Bitcoin

2173
00:45:22,791 --> 00:45:23,666
is from overseas

2174
00:45:23,666 --> 00:45:24,416
in other countries,

2175
00:45:24,416 --> 00:45:25,708
doesn't that away from

2176
00:45:25,708 --> 00:45:26,416
I mean I've heard some

2177
00:45:26,416 --> 00:45:27,458
interesting things,

2178
00:45:27,458 --> 00:45:28,666
but I'm keen to know

2179
00:45:28,666 --> 00:45:30,333
what your take is.

2180
00:45:30,333 --> 00:45:31,458
No, I reckon

2181
00:45:31,458 --> 00:45:32,500
that's probably the most

2182
00:45:32,500 --> 00:45:33,583
refreshing thing.

2183
00:45:33,583 --> 00:45:34,583
Everyone is speaking

2184
00:45:34,583 --> 00:45:35,833
the same language.

2185
00:45:35,833 --> 00:45:36,125
Yeah.

2186
00:45:36,125 --> 00:45:37,166
You know, like for me

2187
00:45:37,166 --> 00:45:39,125
that's been the easiest.

2188
00:45:39,125 --> 00:45:41,333
You find alignment so quick

2189
00:45:41,333 --> 00:45:42,291
and after realizing

2190
00:45:42,291 --> 00:45:43,958
like after this, I'm like,

2191
00:45:43,958 --> 00:45:45,208
damn, now I get why

2192
00:45:45,208 --> 00:45:46,541
religion is massive.

2193
00:45:46,541 --> 00:45:48,958
Like it fully makes sense.

2194
00:45:48,958 --> 00:45:49,583
Hey, I don't know,

2195
00:45:49,583 --> 00:45:50,583
you had no idea.

2196
00:45:50,583 --> 00:45:52,000
But you're religious.

2197
00:45:52,000 --> 00:45:53,500
Yeah. Same religion. Hey.

2198
00:45:53,500 --> 00:45:53,750
All right,

2199
00:45:53,750 --> 00:45:54,750
we got that in common.

2200
00:45:54,750 --> 00:45:55,833
And you follow the same

2201
00:45:55,833 --> 00:45:56,625
ten value,

2202
00:45:56,625 --> 00:45:57,458
ten values

2203
00:45:57,458 --> 00:45:58,625
or ten commandments that I do,

2204
00:45:58,625 --> 00:45:59,625
whatever it is.

2205
00:45:59,625 --> 00:46:00,000
So it's

2206
00:46:00,000 --> 00:46:01,041
sort of like helps

2207
00:46:01,041 --> 00:46:03,166
expedite alignment.

2208
00:46:03,166 --> 00:46:04,791
Yeah.

2209
00:46:05,916 --> 00:46:06,500
Why was the

2210
00:46:06,500 --> 00:46:07,541
question originally.

2211
00:46:07,541 --> 00:46:09,541
Oh, if you've noticed that

2212
00:46:09,541 --> 00:46:10,291
like Australian

2213
00:46:10,291 --> 00:46:11,458
bitcoin culture.

2214
00:46:11,458 --> 00:46:12,833
Yeah. Not personally.

2215
00:46:12,833 --> 00:46:13,500
No. Yeah.

2216
00:46:13,500 --> 00:46:13,875
I like

2217
00:46:13,875 --> 00:46:15,583
having worked in America

2218
00:46:15,583 --> 00:46:17,041
and spent most of my time

2219
00:46:17,041 --> 00:46:17,750
with the American

2220
00:46:17,750 --> 00:46:18,833
Bitcoin community

2221
00:46:18,833 --> 00:46:19,333
and then coming

2222
00:46:19,333 --> 00:46:20,875
back to Australia,

2223
00:46:20,875 --> 00:46:21,541
I didn't think that

2224
00:46:21,541 --> 00:46:22,708
was much different.

2225
00:46:22,708 --> 00:46:24,083
Everyone's got the same

2226
00:46:24,083 --> 00:46:24,750
same things

2227
00:46:24,750 --> 00:46:25,791
that make them happy,

2228
00:46:25,791 --> 00:46:26,875
same things that give them

2229
00:46:26,875 --> 00:46:28,291
the shits, you know, like it's

2230
00:46:28,291 --> 00:46:29,000
all it's

2231
00:46:29,000 --> 00:46:30,166
the same conversation.

2232
00:46:30,166 --> 00:46:30,958
And most of that's

2233
00:46:30,958 --> 00:46:31,791
got to be the case

2234
00:46:31,791 --> 00:46:32,375
because we're all

2235
00:46:32,375 --> 00:46:33,416
getting information

2236
00:46:33,416 --> 00:46:34,583
from the same sources,

2237
00:46:34,583 --> 00:46:35,291
you know? Yeah.

2238
00:46:35,291 --> 00:46:36,416
And that is

2239
00:46:36,416 --> 00:46:37,166
what community is,

2240
00:46:37,166 --> 00:46:38,416
but it keeps the alignment

2241
00:46:38,416 --> 00:46:39,333
like.

2242
00:46:39,333 --> 00:46:39,583
Yeah,

2243
00:46:39,583 --> 00:46:40,583
I think it's really powerful

2244
00:46:40,583 --> 00:46:42,166
when you feel like

2245
00:46:42,166 --> 00:46:43,750
you are with your people,

2246
00:46:43,750 --> 00:46:44,125
it's like,

2247
00:46:44,125 --> 00:46:45,375
oh my God,

2248
00:46:45,375 --> 00:46:46,625
this is what having friends

2249
00:46:46,625 --> 00:46:48,166
feels like, right?

2250
00:46:48,166 --> 00:46:48,958
You know.

2251
00:46:48,958 --> 00:46:49,708
I love

2252
00:46:49,708 --> 00:46:51,416
I love that you said that.

2253
00:46:51,416 --> 00:46:52,916
Make friends as an adult.

2254
00:46:52,916 --> 00:46:53,791
And it's interesting

2255
00:46:53,791 --> 00:46:56,250
because I've engaged

2256
00:46:56,250 --> 00:46:56,708
in so many

2257
00:46:56,708 --> 00:46:57,500
different activities

2258
00:46:57,500 --> 00:46:58,166
as an adult,

2259
00:46:58,166 --> 00:46:58,958
whether it's like free

2260
00:46:58,958 --> 00:47:01,041
diving or salsa dancing.

2261
00:47:02,000 --> 00:47:03,291
Like until I got into

2262
00:47:03,291 --> 00:47:03,750
Bitcoin,

2263
00:47:03,750 --> 00:47:04,875
I didn't really feel like

2264
00:47:04,875 --> 00:47:06,000
the sense of community

2265
00:47:06,000 --> 00:47:07,375
that I feel,

2266
00:47:07,375 --> 00:47:08,875
in any other

2267
00:47:08,875 --> 00:47:11,333
sort of interest group.

2268
00:47:11,333 --> 00:47:13,166
And, and I can,

2269
00:47:13,166 --> 00:47:14,000
I feel like I can travel

2270
00:47:14,000 --> 00:47:15,083
anywhere in the world

2271
00:47:15,083 --> 00:47:16,666
and join a meet up

2272
00:47:16,666 --> 00:47:17,416
and just strike up

2273
00:47:17,416 --> 00:47:18,833
a conversation

2274
00:47:18,833 --> 00:47:20,083
and really connect

2275
00:47:20,083 --> 00:47:20,666
with people

2276
00:47:20,666 --> 00:47:22,208
unlike anywhere else.

2277
00:47:22,208 --> 00:47:24,625
It's it's 100. Percent, 100%.

2278
00:47:24,625 --> 00:47:25,625
And one of the things I heard

2279
00:47:25,625 --> 00:47:28,000
at the Bitcoin Bush bash was,

2280
00:47:28,000 --> 00:47:30,416
you know, it was buy it

2281
00:47:30,416 --> 00:47:31,500
from Wiz,

2282
00:47:31,500 --> 00:47:33,750
Wizard of Oz Aussie guy.

2283
00:47:33,750 --> 00:47:34,791
And he started he

2284
00:47:34,791 --> 00:47:36,500
great guy, smart guy.

2285
00:47:36,500 --> 00:47:37,458
And he started

2286
00:47:37,458 --> 00:47:38,708
he started the Bush bash

2287
00:47:38,708 --> 00:47:39,458
and he said

2288
00:47:39,458 --> 00:47:41,041
Bitcoin is

2289
00:47:41,041 --> 00:47:43,375
everyone is 80% the same.

2290
00:47:43,375 --> 00:47:45,708
But there's these 20% edges

2291
00:47:45,708 --> 00:47:47,333
where you're Bitcoin

2292
00:47:47,333 --> 00:47:48,208
and I'm a bitcoin.

2293
00:47:48,208 --> 00:47:49,166
But I'm a bitcoin owner

2294
00:47:49,166 --> 00:47:51,500
who is obsessed with

2295
00:47:51,500 --> 00:47:52,500
rock climbing.

2296
00:47:52,500 --> 00:47:53,541
And you're a Bitcoin

2297
00:47:53,541 --> 00:47:55,791
who is obsessed with

2298
00:47:55,791 --> 00:47:56,750
plumbing or something.

2299
00:47:56,750 --> 00:47:57,208
I don't know

2300
00:47:57,208 --> 00:47:58,291
like some different thing.

2301
00:47:58,291 --> 00:47:58,583
Right.

2302
00:47:58,583 --> 00:47:59,708
Like totally unrelated

2303
00:47:59,708 --> 00:48:00,291
or whatever it is.

2304
00:48:00,291 --> 00:48:01,416
Yeah. Salsa dancing.

2305
00:48:01,416 --> 00:48:02,333
So you're obsessed

2306
00:48:02,333 --> 00:48:03,166
with salsa dancing?

2307
00:48:03,166 --> 00:48:03,750
I'm obsessed

2308
00:48:03,750 --> 00:48:05,166
with rock climbing.

2309
00:48:05,166 --> 00:48:07,500
But having that common ground

2310
00:48:07,500 --> 00:48:09,625
and that common alignment

2311
00:48:09,625 --> 00:48:10,791
that makes for super

2312
00:48:10,791 --> 00:48:12,500
interesting, fast

2313
00:48:12,500 --> 00:48:13,791
paced conversations,

2314
00:48:13,791 --> 00:48:15,333
because you've got 80% of,

2315
00:48:15,333 --> 00:48:16,458
oh, you're the same as me

2316
00:48:16,458 --> 00:48:17,541
kind of thing, basically,

2317
00:48:17,541 --> 00:48:18,791
but mostly now,

2318
00:48:18,791 --> 00:48:20,166
what's your other like, quirk?

2319
00:48:20,166 --> 00:48:21,208
What are you into?

2320
00:48:21,208 --> 00:48:23,125
Well, my thing is,

2321
00:48:23,125 --> 00:48:23,916
you know, your thing.

2322
00:48:23,916 --> 00:48:25,458
Whatever. Salsa dancing.

2323
00:48:25,458 --> 00:48:28,250
But that brings these kind of.

2324
00:48:28,250 --> 00:48:29,166
It's like sprinkles

2325
00:48:29,166 --> 00:48:30,208
on the cupcake.

2326
00:48:30,208 --> 00:48:30,833
It's like all

2327
00:48:30,833 --> 00:48:31,875
the cupcakes are the same,

2328
00:48:31,875 --> 00:48:32,541
but there's a different

2329
00:48:32,541 --> 00:48:33,875
frosting on some of them,

2330
00:48:33,875 --> 00:48:34,291
and you're like,

2331
00:48:34,291 --> 00:48:35,875
oh, this is the cherry

2332
00:48:35,875 --> 00:48:36,750
frosting one.

2333
00:48:36,750 --> 00:48:37,666
And you talk to the guy

2334
00:48:37,666 --> 00:48:38,291
that's obsessed

2335
00:48:38,291 --> 00:48:39,125
with cherries or,

2336
00:48:39,125 --> 00:48:39,958
oh, they've got a rock

2337
00:48:39,958 --> 00:48:41,208
climbing cupcake.

2338
00:48:41,208 --> 00:48:41,833
It's a little rock

2339
00:48:41,833 --> 00:48:42,916
climber guy on the top,

2340
00:48:42,916 --> 00:48:43,583
whatever it is.

2341
00:48:43,583 --> 00:48:44,625
But it's sort of like that.

2342
00:48:44,625 --> 00:48:46,375
It's just like different,

2343
00:48:46,375 --> 00:48:47,333
different flavors

2344
00:48:47,333 --> 00:48:49,583
of the same thing, basically.

2345
00:48:49,583 --> 00:48:50,916
But it means

2346
00:48:50,916 --> 00:48:52,583
that when you talk to them,

2347
00:48:52,583 --> 00:48:54,458
you can translate information

2348
00:48:54,458 --> 00:48:55,500
much faster,

2349
00:48:55,500 --> 00:48:58,125
because I can use Bitcoin

2350
00:48:58,125 --> 00:48:59,875
as an analogy to things.

2351
00:48:59,875 --> 00:49:00,500
And you know

2352
00:49:00,500 --> 00:49:01,416
that to the depths

2353
00:49:01,416 --> 00:49:02,541
of your knowledge.

2354
00:49:02,541 --> 00:49:04,250
And so we can sort of

2355
00:49:04,250 --> 00:49:05,125
fast pace

2356
00:49:05,125 --> 00:49:06,083
connecting the dots

2357
00:49:06,083 --> 00:49:07,000
between different

2358
00:49:07,000 --> 00:49:08,875
parts of society,

2359
00:49:08,875 --> 00:49:10,083
whether it's YouTubing,

2360
00:49:10,083 --> 00:49:11,125
being salsa dancing

2361
00:49:11,125 --> 00:49:12,500
and someone being into

2362
00:49:12,500 --> 00:49:13,666
rock climbing,

2363
00:49:13,666 --> 00:49:14,375
you guys

2364
00:49:14,375 --> 00:49:15,708
can connect all the dots.

2365
00:49:15,708 --> 00:49:16,166
It's like,

2366
00:49:16,166 --> 00:49:17,916
yeah,

2367
00:49:17,916 --> 00:49:19,291
you can just understand the

2368
00:49:19,291 --> 00:49:20,166
the mechanics

2369
00:49:20,166 --> 00:49:21,500
of HowStuffWorks.

2370
00:49:21,500 --> 00:49:23,333
Yeah, I love it,

2371
00:49:23,333 --> 00:49:24,041
I love it,

2372
00:49:24,041 --> 00:49:24,666
yeah, I love it

2373
00:49:24,666 --> 00:49:25,958
because you can immediately

2374
00:49:25,958 --> 00:49:27,458
skip the small talk and.

2375
00:49:27,458 --> 00:49:29,125
Yes, yes.

2376
00:49:29,125 --> 00:49:29,541
Sorry.

2377
00:49:29,541 --> 00:49:30,083
Yeah,

2378
00:49:30,083 --> 00:49:31,375
I can meet like a brand

2379
00:49:31,375 --> 00:49:32,000
new person

2380
00:49:32,000 --> 00:49:33,041
I've never met before.

2381
00:49:33,041 --> 00:49:34,375
An instantly connect with them

2382
00:49:34,375 --> 00:49:36,000
and going to conversations

2383
00:49:36,000 --> 00:49:36,375
that you wouldn't

2384
00:49:36,375 --> 00:49:37,625
typically have with

2385
00:49:37,625 --> 00:49:39,041
people say at work,

2386
00:49:39,041 --> 00:49:40,208
I can bring up politics,

2387
00:49:40,208 --> 00:49:41,416
I can bring up taxation,

2388
00:49:41,416 --> 00:49:42,250
I can bring up all these

2389
00:49:42,250 --> 00:49:42,833
different things

2390
00:49:42,833 --> 00:49:44,958
and hear their perspective

2391
00:49:44,958 --> 00:49:47,125
without either party getting,

2392
00:49:48,291 --> 00:49:49,708
angry or defensive about it.

2393
00:49:49,708 --> 00:49:51,500
So I really appreciate yeah,

2394
00:49:51,500 --> 00:49:52,500
I really appreciate

2395
00:49:52,500 --> 00:49:53,125
that element

2396
00:49:53,125 --> 00:49:55,500
in our community as well.

2397
00:49:55,500 --> 00:49:56,666
Oh, and healthy,

2398
00:49:56,666 --> 00:49:58,208
healthy discussion. Yeah.

2399
00:49:58,208 --> 00:49:58,791
I think that's

2400
00:49:58,791 --> 00:49:59,875
one of the coolest things.

2401
00:49:59,875 --> 00:50:00,500
Like,

2402
00:50:00,500 --> 00:50:01,583
I think it's awesome

2403
00:50:01,583 --> 00:50:02,416
because you get to listen

2404
00:50:02,416 --> 00:50:03,416
to these,

2405
00:50:03,416 --> 00:50:03,875
you know,

2406
00:50:03,875 --> 00:50:05,000
really clever

2407
00:50:05,000 --> 00:50:07,166
people with lots of experience

2408
00:50:07,166 --> 00:50:09,083
going back and forth.

2409
00:50:09,083 --> 00:50:10,208
And then they shake hands

2410
00:50:10,208 --> 00:50:11,333
and they go for a beer.

2411
00:50:11,333 --> 00:50:12,125
I like that.

2412
00:50:12,125 --> 00:50:12,958
I think it's great

2413
00:50:12,958 --> 00:50:13,708
because everyone's

2414
00:50:13,708 --> 00:50:15,000
only arguing

2415
00:50:15,000 --> 00:50:16,750
for the same thing

2416
00:50:16,750 --> 00:50:17,583
usually,

2417
00:50:17,583 --> 00:50:19,750
which is bitcoin to win.

2418
00:50:19,750 --> 00:50:20,166
And like

2419
00:50:20,166 --> 00:50:20,916
if you think about it,

2420
00:50:20,916 --> 00:50:23,875
Bitcoin is very like a

2421
00:50:23,875 --> 00:50:24,625
it's like a world

2422
00:50:24,625 --> 00:50:25,750
Group project.

2423
00:50:25,750 --> 00:50:26,333
Basically

2424
00:50:26,333 --> 00:50:27,583
you remember a university

2425
00:50:27,583 --> 00:50:28,583
as like you get guys

2426
00:50:28,583 --> 00:50:29,250
who everyone get into

2427
00:50:29,250 --> 00:50:30,083
teams of four.

2428
00:50:30,083 --> 00:50:30,708
You're going to be doing

2429
00:50:30,708 --> 00:50:31,708
your group assignment

2430
00:50:31,708 --> 00:50:32,750
for the term.

2431
00:50:32,750 --> 00:50:34,250
It's like that buffer ever.

2432
00:50:34,250 --> 00:50:34,916
So the group

2433
00:50:34,916 --> 00:50:36,166
assignment is Bitcoin.

2434
00:50:36,166 --> 00:50:37,083
And it's got a

2435
00:50:37,083 --> 00:50:37,791
we've got to make it

2436
00:50:37,791 --> 00:50:38,875
last forever.

2437
00:50:38,875 --> 00:50:41,333
So I think people know that.

2438
00:50:41,333 --> 00:50:42,500
And we sort of carry

2439
00:50:42,500 --> 00:50:43,708
a certain responsibility

2440
00:50:43,708 --> 00:50:44,250
almost like

2441
00:50:44,250 --> 00:50:44,916
I think it's like

2442
00:50:44,916 --> 00:50:46,166
humanity's child

2443
00:50:46,166 --> 00:50:47,500
and we need to raise it.

2444
00:50:47,500 --> 00:50:49,541
And so we want to give it

2445
00:50:49,541 --> 00:50:50,666
good values.

2446
00:50:50,666 --> 00:50:52,041
We don't want it to inherit

2447
00:50:52,041 --> 00:50:53,041
all the dog shit

2448
00:50:53,041 --> 00:50:54,166
that we are as human.

2449
00:50:54,166 --> 00:50:55,166
It's like

2450
00:50:55,166 --> 00:50:55,875
it's a chance

2451
00:50:55,875 --> 00:50:57,625
to create a greener pasture,

2452
00:50:57,625 --> 00:50:59,083
not bring all the

2453
00:51:00,291 --> 00:51:02,125
dog shit again, as I said, but

2454
00:51:02,125 --> 00:51:03,750
like, bring the old stuff

2455
00:51:03,750 --> 00:51:04,708
that's trash

2456
00:51:04,708 --> 00:51:05,958
and put it onto Bitcoin.

2457
00:51:05,958 --> 00:51:07,416
It's like, yeah,

2458
00:51:07,416 --> 00:51:08,250
that's that's lose

2459
00:51:08,250 --> 00:51:08,958
a town dude.

2460
00:51:08,958 --> 00:51:09,916
Like get out of here.

2461
00:51:09,916 --> 00:51:10,916
We got a high bar

2462
00:51:10,916 --> 00:51:12,333
high standard

2463
00:51:12,333 --> 00:51:13,750
you know I think

2464
00:51:13,750 --> 00:51:15,083
but I also think Bitcoin's

2465
00:51:15,083 --> 00:51:17,250
been like

2466
00:51:17,250 --> 00:51:18,541
I literally personify

2467
00:51:18,541 --> 00:51:20,541
it like like

2468
00:51:20,541 --> 00:51:20,791
you know

2469
00:51:20,791 --> 00:51:21,250
like Michael

2470
00:51:21,250 --> 00:51:22,000
Jordan or something.

2471
00:51:22,000 --> 00:51:22,500
I think of it

2472
00:51:22,500 --> 00:51:23,458
like Michael Jordan.

2473
00:51:23,458 --> 00:51:24,833
It's like a 16 year old

2474
00:51:24,833 --> 00:51:26,750
or a 17 year old dude.

2475
00:51:26,750 --> 00:51:28,125
And like,

2476
00:51:28,125 --> 00:51:29,250
I think about it like that

2477
00:51:29,250 --> 00:51:30,250
because it's like, well,

2478
00:51:30,250 --> 00:51:31,541
it's our responsibility

2479
00:51:31,541 --> 00:51:33,083
to protect it or him

2480
00:51:33,083 --> 00:51:35,000
because it's out on its own.

2481
00:51:35,000 --> 00:51:36,500
It doesn't have parents,

2482
00:51:36,500 --> 00:51:37,583
it doesn't have family,

2483
00:51:37,583 --> 00:51:38,875
it doesn't have friends.

2484
00:51:38,875 --> 00:51:39,625
It has people

2485
00:51:39,625 --> 00:51:40,666
that want it to win.

2486
00:51:40,666 --> 00:51:42,000
And that's all that matters.

2487
00:51:42,000 --> 00:51:42,416
And so,

2488
00:51:42,416 --> 00:51:43,333
like if everyone took

2489
00:51:43,333 --> 00:51:44,458
that same approach

2490
00:51:44,458 --> 00:51:45,666
that they have with Bitcoin,

2491
00:51:45,666 --> 00:51:46,458
which is wanting it

2492
00:51:46,458 --> 00:51:47,583
to succeed,

2493
00:51:47,583 --> 00:51:48,625
imagine if we did that

2494
00:51:48,625 --> 00:51:49,916
with our friends and,

2495
00:51:49,916 --> 00:51:51,000
you know, colleagues

2496
00:51:51,000 --> 00:51:51,833
and stuff,

2497
00:51:51,833 --> 00:51:53,833
like we went out of our way

2498
00:51:53,833 --> 00:51:54,541
to make sure

2499
00:51:54,541 --> 00:51:55,458
that people succeed.

2500
00:51:55,458 --> 00:51:56,833
I think that's incredible.

2501
00:51:56,833 --> 00:51:59,250
It is like that's cool.

2502
00:51:59,250 --> 00:52:00,125
It's cool

2503
00:52:00,125 --> 00:52:01,041
that we've all got that

2504
00:52:01,041 --> 00:52:02,208
soft spot for Bitcoin.

2505
00:52:02,208 --> 00:52:04,416
You know, I think it's

2506
00:52:04,416 --> 00:52:05,875
Yeah, it's it really is.

2507
00:52:05,875 --> 00:52:06,833
And what I love about it,

2508
00:52:06,833 --> 00:52:07,666
like I'm

2509
00:52:07,666 --> 00:52:08,041
going to take

2510
00:52:08,041 --> 00:52:09,291
some surfing classes.

2511
00:52:09,291 --> 00:52:12,000
And I overheard a school today

2512
00:52:12,000 --> 00:52:13,291
and the instructor

2513
00:52:13,291 --> 00:52:14,458
was talking to the students

2514
00:52:14,458 --> 00:52:16,125
about weather conditions

2515
00:52:16,125 --> 00:52:17,000
and giving these really

2516
00:52:17,000 --> 00:52:18,500
comprehensive lesson

2517
00:52:18,500 --> 00:52:19,291
on, on weather.

2518
00:52:19,291 --> 00:52:21,041
So I thought about this

2519
00:52:21,041 --> 00:52:21,500
for a second.

2520
00:52:21,500 --> 00:52:22,166
It's like you go

2521
00:52:22,166 --> 00:52:23,541
to learn about surfing,

2522
00:52:23,541 --> 00:52:24,375
but then you have

2523
00:52:24,375 --> 00:52:25,708
this secondary benefit

2524
00:52:25,708 --> 00:52:26,208
of learning

2525
00:52:26,208 --> 00:52:27,791
about weather conditions

2526
00:52:27,791 --> 00:52:28,583
and understanding

2527
00:52:28,583 --> 00:52:29,708
how how different

2528
00:52:29,708 --> 00:52:31,708
types of winds work.

2529
00:52:31,708 --> 00:52:32,083
Yeah.

2530
00:52:32,083 --> 00:52:33,000
And I feel like

2531
00:52:33,000 --> 00:52:33,791
I thought about this

2532
00:52:33,791 --> 00:52:35,250
because for Bitcoin,

2533
00:52:35,250 --> 00:52:36,083
it's like

2534
00:52:36,083 --> 00:52:38,125
I feel that's one area

2535
00:52:38,125 --> 00:52:39,208
that just expands

2536
00:52:39,208 --> 00:52:40,333
your interest in.

2537
00:52:40,333 --> 00:52:40,916
So many

2538
00:52:40,916 --> 00:52:44,750
different vast areas of, of,

2539
00:52:45,833 --> 00:52:46,583
interest that

2540
00:52:46,583 --> 00:52:48,083
that you can just forever

2541
00:52:48,083 --> 00:52:48,833
keep going down

2542
00:52:48,833 --> 00:52:50,041
different rabbit holes.

2543
00:52:50,041 --> 00:52:50,833
And that's

2544
00:52:50,833 --> 00:52:51,333
what's so most

2545
00:52:51,333 --> 00:52:52,333
beautiful thing about it,

2546
00:52:52,333 --> 00:52:53,291
you might start with,

2547
00:52:53,291 --> 00:52:54,291
I guess, I don't know,

2548
00:52:54,291 --> 00:52:55,333
Austrian economics

2549
00:52:55,333 --> 00:52:56,166
and then really get

2550
00:52:56,166 --> 00:52:57,208
into cryptography

2551
00:52:57,208 --> 00:52:58,041
and then get into

2552
00:52:58,041 --> 00:52:59,625
protocols and.

2553
00:52:59,625 --> 00:53:01,333
100%, that's literally me.

2554
00:53:01,333 --> 00:53:02,250
I'm like, oh, cool.

2555
00:53:02,250 --> 00:53:03,000
Because then you get

2556
00:53:03,000 --> 00:53:03,833
all these different

2557
00:53:03,833 --> 00:53:04,791
like little avenues

2558
00:53:04,791 --> 00:53:05,916
that because it's

2559
00:53:05,916 --> 00:53:07,250
a dependency, right?

2560
00:53:07,250 --> 00:53:08,541
I've had I try to think about

2561
00:53:08,541 --> 00:53:09,250
why is it

2562
00:53:09,250 --> 00:53:09,750
why is it

2563
00:53:09,750 --> 00:53:10,791
when you get into Bitcoin,

2564
00:53:10,791 --> 00:53:11,541
you start seeing

2565
00:53:11,541 --> 00:53:13,250
everything differently.

2566
00:53:13,250 --> 00:53:14,250
So what it is,

2567
00:53:14,250 --> 00:53:16,458
you start realizing

2568
00:53:16,458 --> 00:53:18,875
how money flows, I think.

2569
00:53:18,875 --> 00:53:19,625
And the

2570
00:53:19,625 --> 00:53:20,875
in the traditional system

2571
00:53:20,875 --> 00:53:22,583
and why Bitcoin is good

2572
00:53:22,583 --> 00:53:24,208
because to understand

2573
00:53:24,208 --> 00:53:25,291
why bitcoin is good,

2574
00:53:25,291 --> 00:53:25,958
it means you

2575
00:53:25,958 --> 00:53:27,375
have to understand the problem

2576
00:53:27,375 --> 00:53:28,875
that it was trying to fix.

2577
00:53:28,875 --> 00:53:30,291
And so when you understand

2578
00:53:30,291 --> 00:53:31,416
that problem,

2579
00:53:31,416 --> 00:53:32,500
what happens is

2580
00:53:32,500 --> 00:53:33,750
first you put on your critical

2581
00:53:33,750 --> 00:53:34,500
thinking cap.

2582
00:53:34,500 --> 00:53:34,958
So you like

2583
00:53:34,958 --> 00:53:35,541
chalk it on

2584
00:53:35,541 --> 00:53:36,833
you like write

2585
00:53:36,833 --> 00:53:37,666
piece by piece

2586
00:53:37,666 --> 00:53:39,041
what's going on.

2587
00:53:39,041 --> 00:53:40,166
And you go through it.

2588
00:53:40,166 --> 00:53:41,125
And as you start

2589
00:53:41,125 --> 00:53:42,083
forcing yourself

2590
00:53:42,083 --> 00:53:42,875
to do critical

2591
00:53:42,875 --> 00:53:44,000
thinking like

2592
00:53:44,000 --> 00:53:46,208
great example wallets,

2593
00:53:46,208 --> 00:53:47,750
or I put it on the this,

2594
00:53:47,750 --> 00:53:49,000
then I put it into that.

2595
00:53:49,000 --> 00:53:50,708
Like every time you move

2596
00:53:50,708 --> 00:53:51,625
your private key,

2597
00:53:51,625 --> 00:53:52,666
you are like,

2598
00:53:52,666 --> 00:53:54,000
is there anything else here?

2599
00:53:54,000 --> 00:53:54,541
Nope.

2600
00:53:54,541 --> 00:53:55,250
Step like,

2601
00:53:55,250 --> 00:53:57,125
you're so paranoid about it.

2602
00:53:57,125 --> 00:53:57,875
Almost.

2603
00:53:57,875 --> 00:53:58,333
And that's

2604
00:53:58,333 --> 00:54:00,208
because like that teaches

2605
00:54:00,208 --> 00:54:01,125
you critical thinking.

2606
00:54:01,125 --> 00:54:01,875
So when you're like, oh,

2607
00:54:01,875 --> 00:54:03,500
I can't put it onto that USB,

2608
00:54:03,500 --> 00:54:04,375
my mum use that

2609
00:54:04,375 --> 00:54:05,541
for the family photos

2610
00:54:05,541 --> 00:54:06,500
and it got infected

2611
00:54:06,500 --> 00:54:07,458
and maybe it's going to room.

2612
00:54:07,458 --> 00:54:08,541
You got to be really,

2613
00:54:08,541 --> 00:54:09,291
really cautious

2614
00:54:09,291 --> 00:54:10,375
in that regard.

2615
00:54:10,375 --> 00:54:11,708
So the critical thinking

2616
00:54:11,708 --> 00:54:13,000
it opened your mind

2617
00:54:13,000 --> 00:54:13,625
to critical

2618
00:54:13,625 --> 00:54:14,250
thinking and

2619
00:54:14,250 --> 00:54:15,375
understanding how

2620
00:54:15,375 --> 00:54:16,625
the frame by frame going

2621
00:54:16,625 --> 00:54:18,416
step by step will benefit you.

2622
00:54:18,416 --> 00:54:19,916
So what you do,

2623
00:54:19,916 --> 00:54:21,333
you've got critical thinking.

2624
00:54:21,333 --> 00:54:22,375
And now you understand

2625
00:54:22,375 --> 00:54:23,666
the power of incentives

2626
00:54:23,666 --> 00:54:24,166
because that's

2627
00:54:24,166 --> 00:54:25,416
a Bitcoin revolves

2628
00:54:25,416 --> 00:54:26,833
around this incentive models.

2629
00:54:26,833 --> 00:54:28,083
So now you look at Bitcoin

2630
00:54:28,083 --> 00:54:29,125
you're like okay cool

2631
00:54:29,125 --> 00:54:30,083
that's Bitcoin.

2632
00:54:30,083 --> 00:54:30,750
Then you look back

2633
00:54:30,750 --> 00:54:31,500
at the old system

2634
00:54:31,500 --> 00:54:32,458
and you're like

2635
00:54:32,458 --> 00:54:33,791
it's like you've just woken up

2636
00:54:33,791 --> 00:54:34,791
from a dream or something.

2637
00:54:34,791 --> 00:54:36,958
You're like, oh my.

2638
00:54:36,958 --> 00:54:38,083
How like

2639
00:54:38,083 --> 00:54:39,291
how did I not see

2640
00:54:39,291 --> 00:54:40,125
this already?

2641
00:54:40,125 --> 00:54:40,958
And it's just like

2642
00:54:40,958 --> 00:54:42,083
you just see the machine,

2643
00:54:42,083 --> 00:54:43,250
the cogs in the machine,

2644
00:54:43,250 --> 00:54:44,375
they're paying them

2645
00:54:44,375 --> 00:54:45,833
to make them vote for that.

2646
00:54:45,833 --> 00:54:46,333
And that's

2647
00:54:46,333 --> 00:54:47,208
getting there and that.

2648
00:54:47,208 --> 00:54:47,666
And

2649
00:54:47,666 --> 00:54:49,500
and you start understanding

2650
00:54:49,500 --> 00:54:51,041
incentives and critical

2651
00:54:51,041 --> 00:54:52,000
thinking so much

2652
00:54:52,000 --> 00:54:52,750
that it's

2653
00:54:52,750 --> 00:54:53,833
almost as if you see

2654
00:54:53,833 --> 00:54:55,250
everything in a new light.

2655
00:54:55,250 --> 00:54:55,916
So you start

2656
00:54:55,916 --> 00:54:56,708
looking at everything like,

2657
00:54:56,708 --> 00:54:57,583
oh my God.

2658
00:54:57,583 --> 00:54:58,875
So you look at politics,

2659
00:54:58,875 --> 00:55:00,083
you look at business,

2660
00:55:00,083 --> 00:55:00,625
you look at

2661
00:55:00,625 --> 00:55:01,833
finance, you look at

2662
00:55:02,833 --> 00:55:04,166
history like.

2663
00:55:04,166 --> 00:55:04,791
And that's why

2664
00:55:04,791 --> 00:55:05,375
a lot of people

2665
00:55:05,375 --> 00:55:07,500
can go into the like, crazy

2666
00:55:07,500 --> 00:55:08,791
conspiracy valley

2667
00:55:08,791 --> 00:55:10,708
because it's like, well, I'm

2668
00:55:10,708 --> 00:55:11,958
thinking and I see

2669
00:55:11,958 --> 00:55:12,875
all these incentives

2670
00:55:12,875 --> 00:55:14,916
of the old system

2671
00:55:14,916 --> 00:55:15,500
and they just

2672
00:55:15,500 --> 00:55:16,375
basically immediately

2673
00:55:16,375 --> 00:55:17,875
go, well, okay, basically

2674
00:55:17,875 --> 00:55:19,583
the entire system is cooked.

2675
00:55:19,583 --> 00:55:20,916
And then they think, well,

2676
00:55:20,916 --> 00:55:22,250
they've been lying about that,

2677
00:55:22,250 --> 00:55:23,250
so maybe they're lying

2678
00:55:23,250 --> 00:55:24,666
about all the other stuff.

2679
00:55:24,666 --> 00:55:25,708
And then it's like,

2680
00:55:25,708 --> 00:55:27,083
now then, then it goes one.

2681
00:55:27,083 --> 00:55:28,125
Then people just don't

2682
00:55:28,125 --> 00:55:29,125
let the thread go

2683
00:55:29,125 --> 00:55:30,250
and they're like, okay,

2684
00:55:30,250 --> 00:55:32,083
the moon landing was fake.

2685
00:55:32,083 --> 00:55:33,166
This was fake.

2686
00:55:33,166 --> 00:55:34,041
That was fake.

2687
00:55:34,041 --> 00:55:34,875
Everything's fake.

2688
00:55:34,875 --> 00:55:35,625
And it's kind of like,

2689
00:55:35,625 --> 00:55:36,125
you got to get

2690
00:55:36,125 --> 00:55:37,416
to the other side of the

2691
00:55:37,416 --> 00:55:38,500
the rabbit hole, almost,

2692
00:55:38,500 --> 00:55:39,666
where everything becomes fake.

2693
00:55:39,666 --> 00:55:41,291
But I'm not really there yet.

2694
00:55:41,291 --> 00:55:42,000
I don't

2695
00:55:42,000 --> 00:55:43,208
I try not to

2696
00:55:43,208 --> 00:55:44,875
give too much thought to that.

2697
00:55:44,875 --> 00:55:46,500
Like my feed pumps

2698
00:55:46,500 --> 00:55:49,041
me with, like,

2699
00:55:49,041 --> 00:55:49,625
it's like it's

2700
00:55:49,625 --> 00:55:50,583
trying to make me more

2701
00:55:50,583 --> 00:55:51,708
of a conspiracy theorist

2702
00:55:51,708 --> 00:55:52,458
or something.

2703
00:55:52,458 --> 00:55:53,750
The only thing you can do

2704
00:55:53,750 --> 00:55:54,250
and it's too

2705
00:55:54,250 --> 00:55:55,833
noisy is just check out

2706
00:55:55,833 --> 00:55:58,166
any final. Yeah. Like the end.

2707
00:55:58,166 --> 00:55:58,583
Yeah.

2708
00:55:58,583 --> 00:55:59,666
The way I think about it,

2709
00:55:59,666 --> 00:56:00,416
it's like to me

2710
00:56:00,416 --> 00:56:01,083
it's almost

2711
00:56:01,083 --> 00:56:02,416
the truth is crazier

2712
00:56:02,416 --> 00:56:03,708
than the reality.

2713
00:56:03,708 --> 00:56:06,083
And and when you understand

2714
00:56:06,083 --> 00:56:07,541
the global financial system

2715
00:56:07,541 --> 00:56:08,000
as it is,

2716
00:56:08,000 --> 00:56:08,541
you don't really

2717
00:56:08,541 --> 00:56:09,125
need to go down

2718
00:56:09,125 --> 00:56:10,041
conspiracy theories

2719
00:56:10,041 --> 00:56:11,250
because the way

2720
00:56:11,250 --> 00:56:12,083
you understand it

2721
00:56:12,083 --> 00:56:13,000
is it already

2722
00:56:13,000 --> 00:56:13,583
sounds like a

2723
00:56:13,583 --> 00:56:15,291
conspiracy theory.

2724
00:56:15,291 --> 00:56:15,500
Yeah.

2725
00:56:15,500 --> 00:56:16,250
You know, just a true

2726
00:56:16,250 --> 00:56:17,416
standard. It's.

2727
00:56:17,416 --> 00:56:18,083
Yeah.

2728
00:56:18,083 --> 00:56:18,791
Like when you tell

2729
00:56:18,791 --> 00:56:19,541
your friend to.

2730
00:56:19,541 --> 00:56:20,250
Verify

2731
00:56:20,250 --> 00:56:21,500
all information, that's.

2732
00:56:21,500 --> 00:56:23,166
Yes. That's it.

2733
00:56:23,166 --> 00:56:24,291
You tell anyone?

2734
00:56:24,291 --> 00:56:24,916
Sounds like a

2735
00:56:24,916 --> 00:56:26,416
conspiracy theory. Yeah.

2736
00:56:27,750 --> 00:56:29,291
It's really.

2737
00:56:29,291 --> 00:56:31,583
Yeah. It's just so bizarre.

2738
00:56:31,583 --> 00:56:32,541
But I think

2739
00:56:32,541 --> 00:56:33,208
one of the hardest

2740
00:56:33,208 --> 00:56:33,875
things about it

2741
00:56:33,875 --> 00:56:35,208
actually is

2742
00:56:35,208 --> 00:56:38,208
maintaining relationships at a

2743
00:56:38,458 --> 00:56:40,250
meaningful level.

2744
00:56:40,250 --> 00:56:41,291
We've

2745
00:56:41,291 --> 00:56:42,375
people around you

2746
00:56:42,375 --> 00:56:45,291
in your life that aren't

2747
00:56:45,291 --> 00:56:47,458
in the same journey.

2748
00:56:47,458 --> 00:56:48,458
It's challenging.

2749
00:56:48,458 --> 00:56:49,291
Like, you know, people

2750
00:56:49,291 --> 00:56:50,541
call them normies or whatever.

2751
00:56:50,541 --> 00:56:51,791
But like,

2752
00:56:51,791 --> 00:56:52,083
you know,

2753
00:56:52,083 --> 00:56:53,416
I do like the idea of

2754
00:56:53,416 --> 00:56:54,625
just hanging out my friends,

2755
00:56:54,625 --> 00:56:55,708
talking about sport

2756
00:56:55,708 --> 00:56:56,875
and doing stuff like that.

2757
00:56:56,875 --> 00:56:57,416
Like it doesn't

2758
00:56:57,416 --> 00:56:59,125
have to be Bitcoin 24 seven.

2759
00:56:59,125 --> 00:56:59,541
I think there's

2760
00:56:59,541 --> 00:57:01,375
some healthy balance there.

2761
00:57:01,375 --> 00:57:02,750
But I definitely

2762
00:57:02,750 --> 00:57:03,791
yeah, I definitely find,

2763
00:57:03,791 --> 00:57:05,875
sometimes people can feel

2764
00:57:05,875 --> 00:57:07,041
quite alienated,

2765
00:57:07,041 --> 00:57:08,250
you know,

2766
00:57:08,250 --> 00:57:08,750
because they're like,

2767
00:57:08,750 --> 00:57:09,416
oh my god.

2768
00:57:09,416 --> 00:57:11,250
But no one wake up, wake up.

2769
00:57:11,250 --> 00:57:11,916
It's like you're

2770
00:57:11,916 --> 00:57:12,708
trying to yell at everyone

2771
00:57:12,708 --> 00:57:14,041
to wake up or whatever.

2772
00:57:14,041 --> 00:57:15,000
And so sometimes

2773
00:57:15,000 --> 00:57:16,458
people can feel alienated.

2774
00:57:16,458 --> 00:57:17,125
They can feel like

2775
00:57:17,125 --> 00:57:18,375
they're sort of crazy,

2776
00:57:18,375 --> 00:57:20,125
because they're like,

2777
00:57:20,125 --> 00:57:20,875
oh my God,

2778
00:57:20,875 --> 00:57:21,916
if I just

2779
00:57:21,916 --> 00:57:23,500
knew to my whole life

2780
00:57:23,500 --> 00:57:24,958
going all in on this thing

2781
00:57:24,958 --> 00:57:26,541
and maybe I'm overthinking it

2782
00:57:26,541 --> 00:57:26,916
and blah, blah,

2783
00:57:26,916 --> 00:57:28,291
blah, blah, blah.

2784
00:57:28,291 --> 00:57:30,125
Yeah, but it's it's it's

2785
00:57:30,125 --> 00:57:32,666
I wouldn't say courageous, but

2786
00:57:32,666 --> 00:57:33,541
yeah, you got to

2787
00:57:33,541 --> 00:57:34,375
you got to put it you.

2788
00:57:34,375 --> 00:57:34,791
Yeah.

2789
00:57:34,791 --> 00:57:35,375
You got to,

2790
00:57:35,375 --> 00:57:37,000
you got to play the game

2791
00:57:37,000 --> 00:57:38,333
basically and go for it,

2792
00:57:38,333 --> 00:57:38,875
I think.

2793
00:57:38,875 --> 00:57:40,125
And so

2794
00:57:40,125 --> 00:57:40,750
yeah, I just,

2795
00:57:40,750 --> 00:57:42,666
I think that a lot of people

2796
00:57:42,666 --> 00:57:44,083
have had these experiences

2797
00:57:44,083 --> 00:57:44,708
at one point

2798
00:57:44,708 --> 00:57:45,291
in their journey

2799
00:57:45,291 --> 00:57:45,833
where they feel

2800
00:57:45,833 --> 00:57:46,791
quite alienated

2801
00:57:46,791 --> 00:57:48,500
or they don't feel like

2802
00:57:48,500 --> 00:57:50,250
they're old social circles,

2803
00:57:50,250 --> 00:57:51,833
serving them or something

2804
00:57:51,833 --> 00:57:52,541
like that.

2805
00:57:52,541 --> 00:57:55,541
But but yeah, I don't know.

2806
00:57:55,541 --> 00:57:56,083
I think it's

2807
00:57:56,083 --> 00:57:57,083
I think it's interesting.

2808
00:57:57,083 --> 00:57:57,583
I just think

2809
00:57:57,583 --> 00:57:58,500
we're really lucky

2810
00:57:58,500 --> 00:57:59,583
to have it, to be honest.

2811
00:57:59,583 --> 00:58:01,291
Like, yeah.

2812
00:58:01,291 --> 00:58:02,791
The world is so cool

2813
00:58:02,791 --> 00:58:03,791
right now. Like, it's

2814
00:58:04,750 --> 00:58:05,916
like bonkers.

2815
00:58:05,916 --> 00:58:07,291
Like everyone

2816
00:58:07,291 --> 00:58:08,458
is cheating on everyone.

2817
00:58:08,458 --> 00:58:09,625
Everyone's bombing everyone.

2818
00:58:09,625 --> 00:58:10,625
Everyone hates each other.

2819
00:58:10,625 --> 00:58:11,458
Everyone's pissed off.

2820
00:58:11,458 --> 00:58:11,791
Everyone's

2821
00:58:11,791 --> 00:58:13,833
overworked, underpaid,

2822
00:58:13,833 --> 00:58:15,458
two anxious mental health

2823
00:58:15,458 --> 00:58:16,791
issues like mental health.

2824
00:58:16,791 --> 00:58:17,541
Right?

2825
00:58:17,541 --> 00:58:18,083
It was men's

2826
00:58:18,083 --> 00:58:19,166
mental health month.

2827
00:58:19,166 --> 00:58:20,541
June, I think.

2828
00:58:20,541 --> 00:58:21,208
But listen to this.

2829
00:58:21,208 --> 00:58:22,166
The stats

2830
00:58:22,166 --> 00:58:23,333
like this is how cool

2831
00:58:23,333 --> 00:58:24,750
the world is.

2832
00:58:24,750 --> 00:58:26,541
One dude every three hours

2833
00:58:26,541 --> 00:58:27,833
and for every three hours

2834
00:58:27,833 --> 00:58:28,583
and 40 minutes,

2835
00:58:28,583 --> 00:58:29,708
one guy in Australia

2836
00:58:29,708 --> 00:58:30,958
will kill himself.

2837
00:58:30,958 --> 00:58:32,208
That's insane.

2838
00:58:32,208 --> 00:58:34,458
And tequila raw.

2839
00:58:34,458 --> 00:58:35,250
Western Australia

2840
00:58:35,250 --> 00:58:36,375
has a very bad problem

2841
00:58:36,375 --> 00:58:37,125
with this.

2842
00:58:37,125 --> 00:58:39,291
Oh. It's so bad.

2843
00:58:39,291 --> 00:58:40,250
It's like,

2844
00:58:40,250 --> 00:58:40,666
you know,

2845
00:58:40,666 --> 00:58:41,875
this is half the species.

2846
00:58:41,875 --> 00:58:43,208
Guys, girls,

2847
00:58:43,208 --> 00:58:44,166
if you don't like guys

2848
00:58:44,166 --> 00:58:44,750
and you're feminists,

2849
00:58:44,750 --> 00:58:45,458
no worries.

2850
00:58:45,458 --> 00:58:46,541
You can't have kids.

2851
00:58:46,541 --> 00:58:46,916
Like.

2852
00:58:46,916 --> 00:58:48,291
Like we need guys,

2853
00:58:48,291 --> 00:58:48,916
we need girls.

2854
00:58:48,916 --> 00:58:50,250
We need both of them in men.

2855
00:58:50,250 --> 00:58:50,583
And I'm

2856
00:58:50,583 --> 00:58:53,166
under the age of 40 in the UK.

2857
00:58:53,166 --> 00:58:54,500
Oh, my God.

2858
00:58:54,500 --> 00:58:56,041
The number one cause of death

2859
00:58:56,041 --> 00:58:57,166
isn't stabbings.

2860
00:58:57,166 --> 00:58:58,250
It's not diabetes,

2861
00:58:58,250 --> 00:58:59,416
it's not car accidents.

2862
00:58:59,416 --> 00:59:01,500
It's people tapping out.

2863
00:59:01,500 --> 00:59:04,083
And that is just like if

2864
00:59:04,083 --> 00:59:05,250
I always think about this,

2865
00:59:05,250 --> 00:59:06,916
but like, man,

2866
00:59:06,916 --> 00:59:07,916
I just wish

2867
00:59:07,916 --> 00:59:08,500
sometimes

2868
00:59:08,500 --> 00:59:09,916
these people got bitcoin.

2869
00:59:09,916 --> 00:59:11,166
Like because it is

2870
00:59:11,166 --> 00:59:12,583
honestly the

2871
00:59:12,583 --> 00:59:14,250
the biggest declutter

2872
00:59:14,250 --> 00:59:15,333
for your mind.

2873
00:59:15,333 --> 00:59:16,250
And it can give

2874
00:59:16,250 --> 00:59:17,541
a lot to your brain

2875
00:59:17,541 --> 00:59:18,625
and your mental health

2876
00:59:18,625 --> 00:59:19,500
at the same time.

2877
00:59:19,500 --> 00:59:20,291
It can obviously spend

2878
00:59:20,291 --> 00:59:21,958
you, send you into a tizzy

2879
00:59:21,958 --> 00:59:22,458
like what

2880
00:59:22,458 --> 00:59:24,083
the hell is actually going on?

2881
00:59:24,083 --> 00:59:24,666
Sure,

2882
00:59:24,666 --> 00:59:25,416
but that's more

2883
00:59:25,416 --> 00:59:26,458
enjoy that part.

2884
00:59:26,458 --> 00:59:27,166
But you know, like,

2885
00:59:27,166 --> 00:59:29,416
life isn't meant to be,

2886
00:59:29,416 --> 00:59:29,750
you know,

2887
00:59:29,750 --> 00:59:30,541
sitting on the edge

2888
00:59:30,541 --> 00:59:31,666
of your bed,

2889
00:59:31,666 --> 00:59:32,791
questioning everything

2890
00:59:32,791 --> 00:59:33,625
you've ever done

2891
00:59:33,625 --> 00:59:34,500
and then topping

2892
00:59:34,500 --> 00:59:35,333
yourself like,

2893
00:59:35,333 --> 00:59:35,875
you know, like

2894
00:59:35,875 --> 00:59:37,250
that's not the way to do it.

2895
00:59:37,250 --> 00:59:38,875
And I don't think

2896
00:59:38,875 --> 00:59:39,958
I think Bitcoin

2897
00:59:39,958 --> 00:59:40,375
has got

2898
00:59:40,375 --> 00:59:41,875
a breath of life in it.

2899
00:59:41,875 --> 00:59:42,833
That will change

2900
00:59:42,833 --> 00:59:43,500
a lot of people

2901
00:59:43,500 --> 00:59:45,333
that are currently like that.

2902
00:59:45,333 --> 00:59:46,875
It's not about like, oh,

2903
00:59:46,875 --> 00:59:48,500
I got Bitcoin at 100 grand

2904
00:59:48,500 --> 00:59:50,000
and now it's 10 million.

2905
00:59:50,000 --> 00:59:51,083
Yeah I'm rich.

2906
00:59:51,083 --> 00:59:51,458
I'm not

2907
00:59:51,458 --> 00:59:53,041
that I'm not unhappy anymore.

2908
00:59:53,041 --> 00:59:54,416
I think they'll get more of

2909
00:59:54,416 --> 00:59:56,416
a sense of belonging.

2910
00:59:56,416 --> 00:59:58,916
Community and also like

2911
00:59:58,916 --> 01:00:00,458
something to cheer for

2912
01:00:00,458 --> 01:00:00,958
because one of

2913
01:00:00,958 --> 01:00:01,916
the problems with

2914
01:00:01,916 --> 01:00:02,958
when we have access to

2915
01:00:02,958 --> 01:00:04,916
everything is individuals.

2916
01:00:04,916 --> 01:00:06,166
All of our, like,

2917
01:00:06,166 --> 01:00:07,208
everything delivered.

2918
01:00:07,208 --> 01:00:07,791
I want a TV

2919
01:00:07,791 --> 01:00:08,791
delivered in two hours.

2920
01:00:08,791 --> 01:00:09,958
I can literally press,

2921
01:00:09,958 --> 01:00:11,000
like, five buttons.

2922
01:00:11,000 --> 01:00:12,041
And it happens.

2923
01:00:12,041 --> 01:00:15,000
But like that isolation

2924
01:00:15,000 --> 01:00:16,833
and that individualism

2925
01:00:16,833 --> 01:00:18,000
kind of thing with, you know,

2926
01:00:18,000 --> 01:00:18,958
everyone's empowered.

2927
01:00:18,958 --> 01:00:19,958
Everyone can do themselves,

2928
01:00:19,958 --> 01:00:20,958
everything themselves.

2929
01:00:20,958 --> 01:00:22,541
Yeah, that's fine.

2930
01:00:22,541 --> 01:00:23,333
You need to

2931
01:00:23,333 --> 01:00:24,458
depend on your community

2932
01:00:24,458 --> 01:00:25,166
and you need to give

2933
01:00:25,166 --> 01:00:25,916
to your community.

2934
01:00:25,916 --> 01:00:27,291
So it's like, you know,

2935
01:00:27,291 --> 01:00:28,125
you buy your shit

2936
01:00:28,125 --> 01:00:28,708
from the local

2937
01:00:28,708 --> 01:00:30,041
butcher, cold day,

2938
01:00:30,041 --> 01:00:31,000
and you get your coffee

2939
01:00:31,000 --> 01:00:31,916
from the local coffee

2940
01:00:31,916 --> 01:00:32,750
shop from the,

2941
01:00:32,750 --> 01:00:34,541
you know, the guy called Tim,

2942
01:00:34,541 --> 01:00:35,625
and that's what they do.

2943
01:00:35,625 --> 01:00:36,625
They had the coffee guy

2944
01:00:36,625 --> 01:00:37,708
that's a butcher,

2945
01:00:37,708 --> 01:00:38,666
and you got your plumber

2946
01:00:38,666 --> 01:00:39,833
and you got these.

2947
01:00:39,833 --> 01:00:41,291
But as people

2948
01:00:41,291 --> 01:00:43,041
get more individual

2949
01:00:43,041 --> 01:00:45,208
and not community orientated,

2950
01:00:45,208 --> 01:00:47,583
we lose a higher purpose

2951
01:00:47,583 --> 01:00:48,291
or a goal.

2952
01:00:48,291 --> 01:00:49,375
And typically

2953
01:00:49,375 --> 01:00:50,708
before that is like holding

2954
01:00:50,708 --> 01:00:52,083
a responsibility over us,

2955
01:00:52,083 --> 01:00:53,958
you know, God and Jesus

2956
01:00:53,958 --> 01:00:54,791
and stuff like that.

2957
01:00:54,791 --> 01:00:57,083
Religion does a very

2958
01:00:57,083 --> 01:00:58,500
has a very powerful way

2959
01:00:58,500 --> 01:00:59,208
of doing that.

2960
01:00:59,208 --> 01:01:00,708
It makes you realize that

2961
01:01:00,708 --> 01:01:01,375
it's not you

2962
01:01:01,375 --> 01:01:01,958
and it's something

2963
01:01:01,958 --> 01:01:02,750
bigger than you.

2964
01:01:02,750 --> 01:01:03,250
And now you

2965
01:01:03,250 --> 01:01:04,416
start working towards

2966
01:01:04,416 --> 01:01:05,541
that bigger thing,

2967
01:01:05,541 --> 01:01:06,750
and you do your best work.

2968
01:01:06,750 --> 01:01:07,166
When you're not

2969
01:01:07,166 --> 01:01:08,000
working for yourself,

2970
01:01:08,000 --> 01:01:08,500
you're working

2971
01:01:08,500 --> 01:01:09,458
towards something else

2972
01:01:09,458 --> 01:01:10,791
as part of a team.

2973
01:01:10,791 --> 01:01:12,000
And so,

2974
01:01:12,000 --> 01:01:12,375
I don't know,

2975
01:01:12,375 --> 01:01:13,708
I think that's a big,

2976
01:01:13,708 --> 01:01:15,375
that's quite interesting

2977
01:01:15,375 --> 01:01:16,916
just to me, just in general,

2978
01:01:16,916 --> 01:01:18,291
the amount of declutter people

2979
01:01:18,291 --> 01:01:19,375
have had in their lives.

2980
01:01:20,541 --> 01:01:22,958
And yeah,

2981
01:01:22,958 --> 01:01:23,541
I think there's a

2982
01:01:23,541 --> 01:01:24,500
lot of

2983
01:01:24,500 --> 01:01:26,541
residual effects of Bitcoin

2984
01:01:26,541 --> 01:01:27,041
and going on a

2985
01:01:27,041 --> 01:01:28,166
Bitcoin standard.

2986
01:01:28,166 --> 01:01:30,333
But you have to do the work

2987
01:01:30,333 --> 01:01:30,875
and that's

2988
01:01:30,875 --> 01:01:31,333
where it gets

2989
01:01:31,333 --> 01:01:32,333
harder and harder.

2990
01:01:32,333 --> 01:01:34,375
So every single day that you

2991
01:01:34,375 --> 01:01:35,333
you don't start

2992
01:01:35,333 --> 01:01:36,791
looking into Bitcoin.

2993
01:01:36,791 --> 01:01:38,583
Not only

2994
01:01:38,583 --> 01:01:39,291
the Bitcoin

2995
01:01:39,291 --> 01:01:40,958
is running away from you now

2996
01:01:40,958 --> 01:01:43,125
but also your dopamine center

2997
01:01:43,125 --> 01:01:43,916
is getting worse

2998
01:01:43,916 --> 01:01:45,583
and worse as we age

2999
01:01:45,583 --> 01:01:47,625
and as we use screens more.

3000
01:01:47,625 --> 01:01:48,500
And as we mix

3001
01:01:48,500 --> 01:01:50,250
those two behaviors together,

3002
01:01:50,250 --> 01:01:52,166
aging and screen time,

3003
01:01:52,166 --> 01:01:53,541
it will only get harder

3004
01:01:53,541 --> 01:01:54,750
to understand.

3005
01:01:54,750 --> 01:01:55,083
You know,

3006
01:01:55,083 --> 01:01:56,583
it's like saying, hey,

3007
01:01:56,583 --> 01:01:57,500
you're ten years

3008
01:01:57,500 --> 01:01:58,500
old, get

3009
01:01:58,500 --> 01:01:59,625
in a really good habit

3010
01:01:59,625 --> 01:02:00,625
of brushing your teeth

3011
01:02:00,625 --> 01:02:01,375
every morning

3012
01:02:01,375 --> 01:02:02,791
and every night and showering

3013
01:02:02,791 --> 01:02:04,083
before you go to school

3014
01:02:04,083 --> 01:02:05,250
because when you're old,

3015
01:02:05,250 --> 01:02:06,166
you want to do that.

3016
01:02:06,166 --> 01:02:06,833
And if you don't

3017
01:02:06,833 --> 01:02:08,041
have a habit of it developed

3018
01:02:08,041 --> 01:02:09,166
when it's easier,

3019
01:02:09,166 --> 01:02:09,916
it's only going to be

3020
01:02:09,916 --> 01:02:12,000
like it's it's always harder

3021
01:02:12,000 --> 01:02:12,833
as you get older

3022
01:02:12,833 --> 01:02:14,041
to change things

3023
01:02:14,041 --> 01:02:15,041
like change your habits,

3024
01:02:15,041 --> 01:02:15,583
change your carrot

3025
01:02:15,583 --> 01:02:16,250
or whatever.

3026
01:02:16,250 --> 01:02:17,375
So I think that's

3027
01:02:17,375 --> 01:02:18,750
quite a thing where,

3028
01:02:20,208 --> 01:02:23,916
people can use it as a

3029
01:02:23,916 --> 01:02:24,625
it's like a

3030
01:02:24,625 --> 01:02:25,291
I don't know,

3031
01:02:25,291 --> 01:02:26,916
people can use it as a source

3032
01:02:26,916 --> 01:02:28,708
of responsibility almost.

3033
01:02:28,708 --> 01:02:29,583
And it does become

3034
01:02:29,583 --> 01:02:30,750
quite religious in that way,

3035
01:02:30,750 --> 01:02:31,250
because you're

3036
01:02:31,250 --> 01:02:32,208
operating for something

3037
01:02:32,208 --> 01:02:33,458
beyond yourself.

3038
01:02:33,458 --> 01:02:34,125
And the moment

3039
01:02:34,125 --> 01:02:35,333
you start acting

3040
01:02:35,333 --> 01:02:36,916
truly with the intent

3041
01:02:36,916 --> 01:02:41,208
like that, it becomes like a

3042
01:02:41,458 --> 01:02:43,208
a reshaping of your brain

3043
01:02:43,208 --> 01:02:43,916
where it's not,

3044
01:02:43,916 --> 01:02:45,416
you know,

3045
01:02:45,416 --> 01:02:46,791
it's not about me and me

3046
01:02:46,791 --> 01:02:47,291
trying to be like,

3047
01:02:47,291 --> 01:02:48,333
how do I do this?

3048
01:02:48,333 --> 01:02:49,000
This is like,

3049
01:02:49,000 --> 01:02:50,125
oh, I've got this thing

3050
01:02:50,125 --> 01:02:50,875
that I'm working on.

3051
01:02:50,875 --> 01:02:51,375
It's like people

3052
01:02:51,375 --> 01:02:53,125
that collect model trains,

3053
01:02:53,125 --> 01:02:53,958
they go to their model

3054
01:02:53,958 --> 01:02:55,291
train, meet up and everyone,

3055
01:02:55,291 --> 01:02:56,250
and they have that, you know,

3056
01:02:56,250 --> 01:02:57,375
that one hour a month

3057
01:02:57,375 --> 01:02:57,791
where it's

3058
01:02:57,791 --> 01:02:59,250
just nothing but straight

3059
01:02:59,250 --> 01:03:00,833
model train conversation

3060
01:03:00,833 --> 01:03:01,708
and everyone loves

3061
01:03:01,708 --> 01:03:02,750
and it fills the cup up

3062
01:03:02,750 --> 01:03:03,458
because they see

3063
01:03:03,458 --> 01:03:04,291
all these other people

3064
01:03:04,291 --> 01:03:05,791
that are like minded.

3065
01:03:05,791 --> 01:03:07,416
And I think when you

3066
01:03:07,416 --> 01:03:08,750
have like minded people

3067
01:03:08,750 --> 01:03:09,458
all together,

3068
01:03:09,458 --> 01:03:10,166
it provides

3069
01:03:10,166 --> 01:03:12,416
like a boost of confidence

3070
01:03:12,416 --> 01:03:13,916
individually for each of you.

3071
01:03:13,916 --> 01:03:14,875
Like even you, right?

3072
01:03:14,875 --> 01:03:15,500
You said

3073
01:03:15,500 --> 01:03:16,708
you go to a Bitcoin meetup,

3074
01:03:16,708 --> 01:03:17,166
you know,

3075
01:03:17,166 --> 01:03:18,500
you can find a conversation.

3076
01:03:18,500 --> 01:03:18,958
You know

3077
01:03:18,958 --> 01:03:19,958
you'd be able to slide

3078
01:03:19,958 --> 01:03:20,500
right in.

3079
01:03:20,500 --> 01:03:22,250
It's sort of like,

3080
01:03:22,250 --> 01:03:24,291
it's like a, I don't know,

3081
01:03:24,291 --> 01:03:25,500
an express path.

3082
01:03:25,500 --> 01:03:26,625
It's like taking the elevator

3083
01:03:26,625 --> 01:03:27,625
instead of the stairs,

3084
01:03:27,625 --> 01:03:28,166
you know, a

3085
01:03:28,166 --> 01:03:29,291
lot of conversation.

3086
01:03:29,291 --> 01:03:30,750
You'll be able to skip

3087
01:03:30,750 --> 01:03:31,833
the walking up the stairs.

3088
01:03:31,833 --> 01:03:32,750
I just took the elevator.

3089
01:03:32,750 --> 01:03:35,125
I'm with Bitcoin. Hey, great.

3090
01:03:35,125 --> 01:03:36,125
Did you see that thing

3091
01:03:36,125 --> 01:03:36,666
the other day?

3092
01:03:36,666 --> 01:03:37,708
Yeah I did how she.

3093
01:03:37,708 --> 01:03:38,750
It's like it doesn't matter

3094
01:03:38,750 --> 01:03:39,833
what country you from.

3095
01:03:39,833 --> 01:03:40,500
You're all looking

3096
01:03:40,500 --> 01:03:41,333
at the same things

3097
01:03:41,333 --> 01:03:41,875
because these are

3098
01:03:41,875 --> 01:03:42,750
all the same things

3099
01:03:42,750 --> 01:03:44,000
concerning your baby

3100
01:03:44,000 --> 01:03:46,250
or you know the baby. Bitcoin.

3101
01:03:46,250 --> 01:03:47,750
Yeah. Yeah

3102
01:03:49,333 --> 01:03:49,750
yeah.

3103
01:03:49,750 --> 01:03:50,541
It doesn't

3104
01:03:50,541 --> 01:03:51,083
doesn't matter

3105
01:03:51,083 --> 01:03:52,458
what age the person is.

3106
01:03:52,458 --> 01:03:52,875
Doesn't matter

3107
01:03:52,875 --> 01:03:53,750
what gender they are.

3108
01:03:53,750 --> 01:03:55,333
What nationality exactly.

3109
01:03:55,333 --> 01:03:56,333
It's just yeah

3110
01:03:56,333 --> 01:03:57,250
a fast track to

3111
01:03:57,250 --> 01:03:58,791
to that conversation.

3112
01:03:58,791 --> 01:04:00,500
Yeah I think that's cool.

3113
01:04:00,500 --> 01:04:01,375
I tell you what's really cool.

3114
01:04:01,375 --> 01:04:02,750
Like seeing like,

3115
01:04:02,750 --> 01:04:05,750
so the guy from Meta Planet,

3116
01:04:05,750 --> 01:04:06,958
Dylan LeClaire

3117
01:04:06,958 --> 01:04:07,541
or Dylan

3118
01:04:07,541 --> 01:04:08,875
LeClaire or something. Yeah.

3119
01:04:08,875 --> 01:04:10,166
Dylan LeClaire, I think it is.

3120
01:04:10,166 --> 01:04:12,250
He's on on planet board.

3121
01:04:12,250 --> 01:04:16,000
He's like super young, right?

3122
01:04:16,000 --> 01:04:16,791
And you never see

3123
01:04:16,791 --> 01:04:18,375
these finance cards

3124
01:04:18,375 --> 01:04:19,791
that I ever see beyond.

3125
01:04:19,791 --> 01:04:21,250
And I think that is, like,

3126
01:04:21,250 --> 01:04:22,083
just cool.

3127
01:04:22,083 --> 01:04:22,833
I think it's cool

3128
01:04:22,833 --> 01:04:23,958
that a 20 year

3129
01:04:23,958 --> 01:04:25,291
old is excited about

3130
01:04:25,291 --> 01:04:26,291
money and,

3131
01:04:26,291 --> 01:04:27,500
like, and changing money

3132
01:04:27,500 --> 01:04:29,208
like that means that there's

3133
01:04:29,208 --> 01:04:30,916
so much hope coming through,

3134
01:04:30,916 --> 01:04:31,375
you know?

3135
01:04:31,375 --> 01:04:31,875
And also,

3136
01:04:31,875 --> 01:04:33,125
like when I was 20,

3137
01:04:33,125 --> 01:04:33,500
I didn't give

3138
01:04:33,500 --> 01:04:34,375
a shit about money,

3139
01:04:34,375 --> 01:04:35,541
like financial markets

3140
01:04:35,541 --> 01:04:36,500
and stuff.

3141
01:04:36,500 --> 01:04:37,208
Idiot.

3142
01:04:37,208 --> 01:04:37,458
Like,

3143
01:04:37,458 --> 01:04:38,125
I was trying to drink

3144
01:04:38,125 --> 01:04:38,875
a liter of vodka

3145
01:04:38,875 --> 01:04:39,833
a day or whatever it is.

3146
01:04:39,833 --> 01:04:40,041
You know,

3147
01:04:40,041 --> 01:04:41,416
like when you're 20 at uni,

3148
01:04:41,416 --> 01:04:42,500
like you're doing everything.

3149
01:04:42,500 --> 01:04:45,000
So it's like, yeah,

3150
01:04:45,000 --> 01:04:46,208
I got that. By the way.

3151
01:04:46,208 --> 01:04:47,625
Later a day for one year

3152
01:04:47,625 --> 01:04:50,125
now, I didn't,

3153
01:04:50,125 --> 01:04:51,958
I have cirrhosis of the liver

3154
01:04:51,958 --> 01:04:52,916
or septicemia,

3155
01:04:52,916 --> 01:04:54,208
poisoning of the blood.

3156
01:04:54,208 --> 01:04:55,000
But yeah.

3157
01:04:55,000 --> 01:04:55,791
So I think that's

3158
01:04:55,791 --> 01:04:56,833
super encouraging.

3159
01:04:56,833 --> 01:04:58,125
I think that's really cool

3160
01:04:58,125 --> 01:04:59,666
because I'd like to see

3161
01:04:59,666 --> 01:05:00,583
more people

3162
01:05:00,583 --> 01:05:01,583
that are young,

3163
01:05:01,583 --> 01:05:03,875
whether they're 18 to 30,

3164
01:05:03,875 --> 01:05:05,041
making an impact

3165
01:05:05,041 --> 01:05:07,375
in things that matter, like,

3166
01:05:07,375 --> 01:05:08,708
but don't be fucking don't

3167
01:05:08,708 --> 01:05:09,958
go do this and do that.

3168
01:05:09,958 --> 01:05:11,333
Like you like

3169
01:05:11,333 --> 01:05:12,416
they should be the ones

3170
01:05:12,416 --> 01:05:13,208
making the change.

3171
01:05:13,208 --> 01:05:14,541
Because when they're 40,

3172
01:05:14,541 --> 01:05:15,083
they'll have had

3173
01:05:15,083 --> 01:05:16,708
20 years experience.

3174
01:05:16,708 --> 01:05:17,875
Like that's insane.

3175
01:05:17,875 --> 01:05:18,416
And not like,

3176
01:05:18,416 --> 01:05:19,291
oh, we've got to give it

3177
01:05:19,291 --> 01:05:21,000
to the 65 year old dude

3178
01:05:21,000 --> 01:05:21,500
because he's

3179
01:05:21,500 --> 01:05:22,708
the oldest guy in the room

3180
01:05:22,708 --> 01:05:24,875
and he'll know it's best.

3181
01:05:24,875 --> 01:05:26,666
No, like I'm over that.

3182
01:05:26,666 --> 01:05:27,625
Like, look at the decision

3183
01:05:27,625 --> 01:05:28,500
making we've got.

3184
01:05:28,500 --> 01:05:29,875
This is what we've got.

3185
01:05:29,875 --> 01:05:31,166
The best thing made by

3186
01:05:31,166 --> 01:05:32,333
humanity was built

3187
01:05:32,333 --> 01:05:34,166
by someone anonymously.

3188
01:05:34,166 --> 01:05:35,791
That's how bad

3189
01:05:36,833 --> 01:05:38,750
that system is.

3190
01:05:38,750 --> 01:05:39,291
They can't

3191
01:05:39,291 --> 01:05:40,041
make something

3192
01:05:40,041 --> 01:05:41,541
better than that.

3193
01:05:41,541 --> 01:05:42,458
And so we did that.

3194
01:05:42,458 --> 01:05:43,166
It was.

3195
01:05:43,166 --> 01:05:45,791
Yeah. Oh, what a blessing.

3196
01:05:45,791 --> 01:05:46,541
Can you imagine?

3197
01:05:46,541 --> 01:05:47,000
You would

3198
01:05:47,000 --> 01:05:47,250
you be

3199
01:05:47,250 --> 01:05:47,666
in a fucking

3200
01:05:47,666 --> 01:05:48,750
mental institution

3201
01:05:48,750 --> 01:05:50,375
without Bitcoin right now?

3202
01:05:50,375 --> 01:05:52,291
I mean I was

3203
01:05:52,291 --> 01:05:54,125
just going to ask you like

3204
01:05:54,125 --> 01:05:55,541
can you imagine your life

3205
01:05:55,541 --> 01:05:56,833
now without Bitcoin?

3206
01:05:56,833 --> 01:05:57,333
Because to me

3207
01:05:57,333 --> 01:05:57,750
that would be

3208
01:05:57,750 --> 01:05:59,458
the most scariest,

3209
01:05:59,458 --> 01:06:01,375
scariest thing. Terrifying.

3210
01:06:01,375 --> 01:06:02,541
Yeah. Petrifying.

3211
01:06:02,541 --> 01:06:04,041
Absolutely petrifying.

3212
01:06:04,041 --> 01:06:05,458
And I get scared every day

3213
01:06:05,458 --> 01:06:06,416
that I'm like

3214
01:06:06,416 --> 01:06:07,541
what if it goes away?

3215
01:06:07,541 --> 01:06:09,333
Oh my god what happens?

3216
01:06:09,333 --> 01:06:10,833
Oh my god no.

3217
01:06:10,833 --> 01:06:11,916
And and then that

3218
01:06:11,916 --> 01:06:13,000
when you think about that

3219
01:06:13,000 --> 01:06:15,208
that's when you actually go,

3220
01:06:15,208 --> 01:06:16,541
now I've got to run a node

3221
01:06:16,541 --> 01:06:18,083
or I've got to take action

3222
01:06:18,083 --> 01:06:18,958
and you want to take

3223
01:06:18,958 --> 01:06:19,708
some sort of action,

3224
01:06:19,708 --> 01:06:21,458
you go buy a big beat ax mine

3225
01:06:21,458 --> 01:06:22,208
or whatever it is.

3226
01:06:22,208 --> 01:06:23,250
I've got my bit ax.

3227
01:06:23,250 --> 01:06:23,875
It's actually off

3228
01:06:23,875 --> 01:06:24,625
at the moment,

3229
01:06:24,625 --> 01:06:25,375
but the hashrate

3230
01:06:25,375 --> 01:06:26,250
dropped materially

3231
01:06:26,250 --> 01:06:27,541
because of that Iran bombing.

3232
01:06:27,541 --> 01:06:29,250
So I'm actually like now

3233
01:06:29,250 --> 01:06:29,666
like, oh,

3234
01:06:29,666 --> 01:06:31,166
this is a great value capture.

3235
01:06:31,166 --> 01:06:32,458
I could possibly mine

3236
01:06:32,458 --> 01:06:33,541
for a more efficient thing

3237
01:06:33,541 --> 01:06:34,500
now that the

3238
01:06:34,500 --> 01:06:36,083
the difficulty has gone down.

3239
01:06:36,083 --> 01:06:37,750
So do you run.

3240
01:06:37,750 --> 01:06:39,833
It but.

3241
01:06:39,833 --> 01:06:41,208
Do you run not.

3242
01:06:41,208 --> 01:06:43,166
Yeah of course. Yeah.

3243
01:06:43,166 --> 01:06:43,833
Well no. No no.

3244
01:06:43,833 --> 01:06:45,375
Like I, I think

3245
01:06:46,500 --> 01:06:49,500
I support the not conversation

3246
01:06:49,500 --> 01:06:50,916
I do and I don't

3247
01:06:50,916 --> 01:06:53,458
obviously core was fantastic.

3248
01:06:53,458 --> 01:06:54,458
So with the Jordan

3249
01:06:54,458 --> 01:06:54,916
like some

3250
01:06:54,916 --> 01:06:57,916
of the 95 Bulls in the NBA.

3251
01:06:57,916 --> 01:06:58,666
But it doesn't mean I'm

3252
01:06:58,666 --> 01:06:59,666
going to bet on the end

3253
01:06:59,666 --> 01:07:00,750
like the Bulls

3254
01:07:00,750 --> 01:07:01,583
to win this year

3255
01:07:01,583 --> 01:07:02,708
because Scottie Pippen

3256
01:07:02,708 --> 01:07:03,083
and Michael

3257
01:07:03,083 --> 01:07:05,125
Jordan used to play for them

3258
01:07:05,125 --> 01:07:06,750
like if Coors

3259
01:07:06,750 --> 01:07:08,125
had a material rotation

3260
01:07:08,125 --> 01:07:08,791
of developers

3261
01:07:08,791 --> 01:07:10,416
and community members.

3262
01:07:10,416 --> 01:07:11,541
Since that

3263
01:07:11,541 --> 01:07:12,833
really awesome work,

3264
01:07:12,833 --> 01:07:13,833
then I'm just going to judge

3265
01:07:13,833 --> 01:07:13,958
them.

3266
01:07:13,958 --> 01:07:15,000
I'm not going to judge them

3267
01:07:15,000 --> 01:07:15,750
by the people

3268
01:07:15,750 --> 01:07:16,375
or just judge them

3269
01:07:16,375 --> 01:07:17,250
by the work.

3270
01:07:17,250 --> 01:07:20,041
And so I think the work

3271
01:07:20,041 --> 01:07:21,625
seems contentious.

3272
01:07:21,625 --> 01:07:22,708
Like they said,

3273
01:07:22,708 --> 01:07:23,416
they said, notice

3274
01:07:23,416 --> 01:07:25,333
something two years ago

3275
01:07:25,333 --> 01:07:26,125
and they just

3276
01:07:26,125 --> 01:07:27,291
they made their own

3277
01:07:27,291 --> 01:07:28,916
sort of mess.

3278
01:07:28,916 --> 01:07:30,416
I think they fumbled the bag.

3279
01:07:30,416 --> 01:07:31,708
Basically it looks like,

3280
01:07:31,708 --> 01:07:32,791
but you know, a

3281
01:07:32,791 --> 01:07:33,958
lot of people go, oh, Bitcoin

3282
01:07:33,958 --> 01:07:34,708
not is maintained

3283
01:07:34,708 --> 01:07:35,666
by one developer.

3284
01:07:35,666 --> 01:07:36,000
Yeah.

3285
01:07:36,000 --> 01:07:36,708
And it's a fork

3286
01:07:36,708 --> 01:07:38,333
of Bitcoin Core.

3287
01:07:38,333 --> 01:07:39,750
Well you want 30 developers

3288
01:07:39,750 --> 01:07:41,875
maintaining a fork like

3289
01:07:41,875 --> 01:07:43,541
no I don't think so.

3290
01:07:43,541 --> 01:07:46,041
But also if you've got

3291
01:07:47,541 --> 01:07:48,833
if you have 30

3292
01:07:48,833 --> 01:07:50,666
developers on a product

3293
01:07:50,666 --> 01:07:51,583
that is to run

3294
01:07:51,583 --> 01:07:53,250
a distributed system,

3295
01:07:53,250 --> 01:07:54,625
that's the perfect way

3296
01:07:54,625 --> 01:07:56,541
to attack it in my opinion.

3297
01:07:56,541 --> 01:07:57,416
Like if I was send,

3298
01:07:57,416 --> 01:07:57,958
someone said, hey,

3299
01:07:57,958 --> 01:07:58,833
you got to break Bitcoin.

3300
01:07:58,833 --> 01:07:59,125
I'd be like,

3301
01:07:59,125 --> 01:07:59,666
okay, sweet,

3302
01:07:59,666 --> 01:08:01,083
well, let's go compromise

3303
01:08:01,083 --> 01:08:02,458
the developers.

3304
01:08:02,458 --> 01:08:03,916
So when people go on,

3305
01:08:03,916 --> 01:08:04,375
you know

3306
01:08:04,375 --> 01:08:05,750
not is run by one

3307
01:08:05,750 --> 01:08:07,791
person, great.

3308
01:08:07,791 --> 01:08:08,750
That's one person

3309
01:08:08,750 --> 01:08:09,625
that can be compromise.

3310
01:08:09,625 --> 01:08:10,500
That's one person

3311
01:08:10,500 --> 01:08:11,333
value system.

3312
01:08:11,333 --> 01:08:12,625
I have to understand

3313
01:08:12,625 --> 01:08:14,791
that's one person who

3314
01:08:14,791 --> 01:08:16,500
can be paid or not paid,

3315
01:08:16,500 --> 01:08:18,458
but it's one

3316
01:08:18,458 --> 01:08:19,166
like the attack

3317
01:08:19,166 --> 01:08:20,750
vector is social in Bitcoin.

3318
01:08:20,750 --> 01:08:23,125
All I do is trust him a lot.

3319
01:08:23,125 --> 01:08:25,916
Well, you trust him a lot, but

3320
01:08:25,916 --> 01:08:26,625
that's okay

3321
01:08:26,625 --> 01:08:27,833
because if it's wrong,

3322
01:08:27,833 --> 01:08:29,625
you know exactly who to shoot.

3323
01:08:29,625 --> 01:08:30,458
Like not literally,

3324
01:08:30,458 --> 01:08:31,000
but you know what I mean.

3325
01:08:31,000 --> 01:08:32,416
Like, you know the person

3326
01:08:32,416 --> 01:08:34,000
who's eating the shit sandwich

3327
01:08:34,000 --> 01:08:35,166
who did this, you know,

3328
01:08:35,166 --> 01:08:35,875
if you're at work,

3329
01:08:35,875 --> 01:08:36,500
who did this?

3330
01:08:36,500 --> 01:08:38,500
But I was the only person

3331
01:08:38,500 --> 01:08:40,166
on that project, right?

3332
01:08:40,166 --> 01:08:41,375
Account ability.

3333
01:08:41,375 --> 01:08:42,416
That is perfect

3334
01:08:42,416 --> 01:08:43,250
when you've got to see

3335
01:08:43,250 --> 01:08:44,041
a fucking half

3336
01:08:44,041 --> 01:08:45,000
assed conversations

3337
01:08:45,000 --> 01:08:46,458
going on and like, oh,

3338
01:08:46,458 --> 01:08:47,875
we got 30 developers. Great.

3339
01:08:47,875 --> 01:08:49,166
That's terrible news.

3340
01:08:49,166 --> 01:08:50,541
I don't want 30 developers

3341
01:08:50,541 --> 01:08:51,791
because that's 30

3342
01:08:51,791 --> 01:08:52,583
human beings,

3343
01:08:52,583 --> 01:08:53,750
which are the weakest link

3344
01:08:53,750 --> 01:08:55,583
in every single system.

3345
01:08:55,583 --> 01:08:56,541
You're telling me like,

3346
01:08:56,541 --> 01:08:57,625
that's a good thing.

3347
01:08:57,625 --> 01:08:59,208
Hey, I've got 30 weak links.

3348
01:08:59,208 --> 01:09:00,291
You've only got one.

3349
01:09:00,291 --> 01:09:01,750
It's like, but

3350
01:09:02,708 --> 01:09:03,416
I'll take the one

3351
01:09:03,416 --> 01:09:04,583
every day of the week

3352
01:09:04,583 --> 01:09:05,875
because I know

3353
01:09:05,875 --> 01:09:08,125
if you're attacking them,

3354
01:09:08,125 --> 01:09:09,083
the attacker doesn't

3355
01:09:09,083 --> 01:09:10,708
want one guy to compromise.

3356
01:09:10,708 --> 01:09:11,666
That's not good.

3357
01:09:11,666 --> 01:09:13,125
You want 30 people

3358
01:09:13,125 --> 01:09:13,916
because that's 30

3359
01:09:13,916 --> 01:09:15,083
shots on goal.

3360
01:09:15,083 --> 01:09:15,541
Hey, man,

3361
01:09:15,541 --> 01:09:16,250
I need you to put

3362
01:09:16,250 --> 01:09:17,375
through this code review,

3363
01:09:17,375 --> 01:09:18,125
but I need you

3364
01:09:18,125 --> 01:09:18,833
to update the code.

3365
01:09:18,833 --> 01:09:20,291
Okay, cool.

3366
01:09:20,291 --> 01:09:21,416
If the not guy says

3367
01:09:21,416 --> 01:09:22,958
no, there's no other

3368
01:09:22,958 --> 01:09:24,625
there's no other way to do it.

3369
01:09:24,625 --> 01:09:26,041
But if you've got

3370
01:09:26,041 --> 01:09:27,500
30 people on a team

3371
01:09:27,500 --> 01:09:29,416
or ten people on a team,

3372
01:09:29,416 --> 01:09:30,916
you can plan with one guy

3373
01:09:30,916 --> 01:09:32,958
for six months before

3374
01:09:32,958 --> 01:09:34,500
to bring in the third guy

3375
01:09:34,500 --> 01:09:35,500
three months in.

3376
01:09:35,500 --> 01:09:37,291
So then you plot your course.

3377
01:09:37,291 --> 01:09:38,291
That's what people do.

3378
01:09:38,291 --> 01:09:38,666
That is

3379
01:09:38,666 --> 01:09:39,666
what happens

3380
01:09:39,666 --> 01:09:40,875
in the real world.

3381
01:09:40,875 --> 01:09:42,000
And people are looking at it

3382
01:09:42,000 --> 01:09:42,958
like, oh,

3383
01:09:42,958 --> 01:09:44,000
that's so ridiculous.

3384
01:09:44,000 --> 01:09:45,041
The thing,

3385
01:09:45,041 --> 01:09:47,500
no is a $2 trillion asset.

3386
01:09:47,500 --> 01:09:48,416
Like, we're not pulling

3387
01:09:48,416 --> 01:09:49,375
your dick in your basement.

3388
01:09:49,375 --> 01:09:50,750
Like, this is real.

3389
01:09:50,750 --> 01:09:52,416
This is as real as it gets.

3390
01:09:52,416 --> 01:09:53,958
And I'm not, like,

3391
01:09:53,958 --> 01:09:54,166
going

3392
01:09:54,166 --> 01:09:56,125
to not overthink something

3393
01:09:56,125 --> 01:09:56,875
because there's a

3394
01:09:56,875 --> 01:09:58,166
there's 500 million

3395
01:09:58,166 --> 01:09:59,166
people or billion

3396
01:09:59,166 --> 01:09:59,750
people

3397
01:09:59,750 --> 01:10:00,958
waiting to have this same

3398
01:10:00,958 --> 01:10:01,833
beautiful experience

3399
01:10:01,833 --> 01:10:03,083
in Bitcoin that I have had.

3400
01:10:03,083 --> 01:10:03,625
You have had

3401
01:10:03,625 --> 01:10:04,916
you had, you know,

3402
01:10:04,916 --> 01:10:05,833
so do you think we just

3403
01:10:05,833 --> 01:10:09,500
maybe just just keep it down.

3404
01:10:09,500 --> 01:10:10,041
And that's how

3405
01:10:10,041 --> 01:10:10,750
I think about it

3406
01:10:10,750 --> 01:10:13,000
because I think,

3407
01:10:13,000 --> 01:10:14,208
I think

3408
01:10:14,208 --> 01:10:14,833
everyone does

3409
01:10:14,833 --> 01:10:15,625
really good work.

3410
01:10:15,625 --> 01:10:16,666
And I think we're really lucky

3411
01:10:16,666 --> 01:10:18,625
to have everyone doing

3412
01:10:18,625 --> 01:10:19,958
good work and everyone

3413
01:10:19,958 --> 01:10:21,166
bickering and arguing,

3414
01:10:21,166 --> 01:10:22,250
because that's good.

3415
01:10:22,250 --> 01:10:23,666
That's healthy discussion,

3416
01:10:23,666 --> 01:10:24,416
especially when

3417
01:10:24,416 --> 01:10:25,500
people are passionate.

3418
01:10:25,500 --> 01:10:26,666
Nothing more dangerous

3419
01:10:26,666 --> 01:10:27,750
than apathy.

3420
01:10:27,750 --> 01:10:28,791
That's the only thing

3421
01:10:28,791 --> 01:10:29,458
that can kill.

3422
01:10:29,458 --> 01:10:30,708
Bitcoin, in my opinion,

3423
01:10:30,708 --> 01:10:33,375
is apathy, which I love. This.

3424
01:10:33,375 --> 01:10:34,541
Yeah I love this. Yeah.

3425
01:10:34,541 --> 01:10:35,416
Which Bitcoin is.

3426
01:10:35,416 --> 01:10:37,708
That was so disagreeable.

3427
01:10:37,708 --> 01:10:39,208
Yeah. Super disagreeable.

3428
01:10:39,208 --> 01:10:40,375
And like I'm all for it.

3429
01:10:40,375 --> 01:10:40,833
I'm happy

3430
01:10:40,833 --> 01:10:41,750
for the conversation.

3431
01:10:41,750 --> 01:10:42,750
But like when it becomes

3432
01:10:43,791 --> 01:10:44,083
you're

3433
01:10:44,083 --> 01:10:45,000
just, you know,

3434
01:10:45,000 --> 01:10:47,333
when it becomes sort of,

3435
01:10:47,333 --> 01:10:48,458
you know, they try and hero

3436
01:10:48,458 --> 01:10:49,583
speak where it's like,

3437
01:10:49,583 --> 01:10:51,291
this is too technical.

3438
01:10:51,291 --> 01:10:53,541
You wouldn't understand.

3439
01:10:53,541 --> 01:10:54,333
You better start

3440
01:10:54,333 --> 01:10:55,500
helping me understand then,

3441
01:10:55,500 --> 01:10:56,000
because I'm

3442
01:10:56,000 --> 01:10:57,208
the guy that's voting.

3443
01:10:57,208 --> 01:10:59,083
So you don't have to. But.

3444
01:10:59,083 --> 01:11:01,000
And then the long story short

3445
01:11:01,000 --> 01:11:03,250
is that no matter what,

3446
01:11:03,250 --> 01:11:05,500
division is

3447
01:11:05,500 --> 01:11:07,166
the worst thing possible.

3448
01:11:07,166 --> 01:11:08,583
And some people like

3449
01:11:08,583 --> 01:11:09,375
thriving on that,

3450
01:11:09,375 --> 01:11:10,333
but they don't realize

3451
01:11:10,333 --> 01:11:11,291
this isn't a product,

3452
01:11:11,291 --> 01:11:12,958
this isn't tech.

3453
01:11:12,958 --> 01:11:15,041
This is a social experiment.

3454
01:11:15,041 --> 01:11:15,666
Because if the

3455
01:11:15,666 --> 01:11:17,125
social layer breaks,

3456
01:11:17,125 --> 01:11:18,208
everything else breaks.

3457
01:11:18,208 --> 01:11:19,250
Oh, will it technical?

3458
01:11:19,250 --> 01:11:20,250
It's still up and running.

3459
01:11:20,250 --> 01:11:21,041
No one gives a shit

3460
01:11:21,041 --> 01:11:22,000
about bitcoin anymore.

3461
01:11:22,000 --> 01:11:24,083
The social layer broke it.

3462
01:11:24,083 --> 01:11:24,958
It's not immutable.

3463
01:11:24,958 --> 01:11:26,000
It keeps changing.

3464
01:11:26,000 --> 01:11:27,083
The social layer is

3465
01:11:27,083 --> 01:11:28,250
the defense system.

3466
01:11:28,250 --> 01:11:30,458
So when people sort of bring

3467
01:11:30,458 --> 01:11:33,458
technical nuance to a

3468
01:11:33,958 --> 01:11:35,750
conversation about social,

3469
01:11:35,750 --> 01:11:37,416
I don't think that adds value.

3470
01:11:37,416 --> 01:11:40,166
And I think it also misses

3471
01:11:40,166 --> 01:11:42,083
their on like, it sort of

3472
01:11:42,083 --> 01:11:42,583
speaks

3473
01:11:42,583 --> 01:11:43,875
more to their understanding

3474
01:11:43,875 --> 01:11:45,708
than their misunderstanding,

3475
01:11:45,708 --> 01:11:46,583
or speaks

3476
01:11:46,583 --> 01:11:47,875
more to their misunderstanding

3477
01:11:47,875 --> 01:11:49,708
than their understanding.

3478
01:11:49,708 --> 01:11:51,458
Again, I'm just one, literally

3479
01:11:51,458 --> 01:11:53,333
one other node on the network

3480
01:11:53,333 --> 01:11:53,875
and I don't

3481
01:11:53,875 --> 01:11:55,041
I genuinely don't know

3482
01:11:55,041 --> 01:11:56,458
what's best for Bitcoin.

3483
01:11:56,458 --> 01:11:57,750
But I think

3484
01:11:57,750 --> 01:11:58,916
when you do not know

3485
01:11:58,916 --> 01:12:00,541
what something is

3486
01:12:00,541 --> 01:12:01,250
safe, safest

3487
01:12:01,250 --> 01:12:03,041
bet is to always stay put.

3488
01:12:03,041 --> 01:12:03,291
You know,

3489
01:12:03,291 --> 01:12:04,541
if it's not a hell yes,

3490
01:12:04,541 --> 01:12:06,250
it should be a hard no. Yeah.

3491
01:12:06,250 --> 01:12:07,166
And so like

3492
01:12:07,166 --> 01:12:08,958
that's pretty straightforward.

3493
01:12:08,958 --> 01:12:10,041
And people are trying to think

3494
01:12:10,041 --> 01:12:11,291
like, oh, it is a hell yes.

3495
01:12:11,291 --> 01:12:12,583
You guys are the minority

3496
01:12:12,583 --> 01:12:13,000
or whatever.

3497
01:12:13,000 --> 01:12:14,208
It's like no one's

3498
01:12:14,208 --> 01:12:14,916
the minority.

3499
01:12:14,916 --> 01:12:16,000
There's no consensus

3500
01:12:16,000 --> 01:12:16,958
on anything.

3501
01:12:16,958 --> 01:12:18,500
But the moment people start

3502
01:12:18,500 --> 01:12:19,500
getting frustrated is

3503
01:12:19,500 --> 01:12:20,041
then that's

3504
01:12:20,041 --> 01:12:20,458
when they start

3505
01:12:20,458 --> 01:12:21,625
taking more action.

3506
01:12:21,625 --> 01:12:22,625
It I don't know,

3507
01:12:22,625 --> 01:12:23,625
but it's been interesting.

3508
01:12:23,625 --> 01:12:24,916
I haven't seen something

3509
01:12:24,916 --> 01:12:25,916
make Bitcoin look

3510
01:12:25,916 --> 01:12:27,208
as mortal as that.

3511
01:12:28,375 --> 01:12:29,333
Recently that

3512
01:12:29,333 --> 01:12:30,666
not conversation.

3513
01:12:30,666 --> 01:12:32,375
Just because

3514
01:12:32,375 --> 01:12:34,708
it was so polarizing,

3515
01:12:34,708 --> 01:12:35,791
everyone thought they had

3516
01:12:35,791 --> 01:12:37,250
the same baseline of

3517
01:12:37,250 --> 01:12:38,333
this is what Bitcoin

3518
01:12:38,333 --> 01:12:38,750
this is

3519
01:12:38,750 --> 01:12:39,541
what we're working

3520
01:12:39,541 --> 01:12:41,083
to make Bitcoin ours.

3521
01:12:41,083 --> 01:12:42,041
And then sort of

3522
01:12:42,041 --> 01:12:43,458
through that discussion

3523
01:12:43,458 --> 01:12:44,541
a lot of that

3524
01:12:44,541 --> 01:12:46,583
those assumptions broke.

3525
01:12:46,583 --> 01:12:47,333
And it's like

3526
01:12:47,333 --> 01:12:49,166
well did they break

3527
01:12:49,166 --> 01:12:50,541
or did opportunity

3528
01:12:50,541 --> 01:12:51,583
interrupt them.

3529
01:12:51,583 --> 01:12:52,791
Like so did that person

3530
01:12:52,791 --> 01:12:54,000
really not understand

3531
01:12:54,000 --> 01:12:55,375
what was going on with money

3532
01:12:55,375 --> 01:12:56,666
and thinking it was money,

3533
01:12:56,666 --> 01:12:57,833
or as a new opportunity

3534
01:12:57,833 --> 01:12:58,791
presented themselves

3535
01:12:58,791 --> 01:12:59,458
where they're happy

3536
01:12:59,458 --> 01:13:01,708
to compromise on that?

3537
01:13:01,708 --> 01:13:02,875
But you know what I did?

3538
01:13:02,875 --> 01:13:03,791
I lost heaps

3539
01:13:03,791 --> 01:13:05,208
fucking buying these terrible

3540
01:13:05,208 --> 01:13:08,458
BRC 20, you know, ordinals.

3541
01:13:08,666 --> 01:13:09,583
I lost heaps of money

3542
01:13:09,583 --> 01:13:10,791
doing that.

3543
01:13:10,791 --> 01:13:11,791
I shouldn't have done that.

3544
01:13:11,791 --> 01:13:12,250
I will

3545
01:13:12,250 --> 01:13:13,250
I'm going to make it back

3546
01:13:13,250 --> 01:13:14,458
by trading this coin.

3547
01:13:14,458 --> 01:13:15,083
That's how people

3548
01:13:15,083 --> 01:13:15,750
lose their stock.

3549
01:13:15,750 --> 01:13:17,000
They have one bad trade,

3550
01:13:17,000 --> 01:13:17,541
and then they try

3551
01:13:17,541 --> 01:13:18,458
and trade out of that.

3552
01:13:18,458 --> 01:13:20,083
And I lose that whole stack.

3553
01:13:20,083 --> 01:13:20,250
Yeah.

3554
01:13:20,250 --> 01:13:21,250
And so when I see people

3555
01:13:21,250 --> 01:13:23,666
switching, switching gears,

3556
01:13:23,666 --> 01:13:24,083
I'm like,

3557
01:13:25,041 --> 01:13:26,250
how just how bad

3558
01:13:26,250 --> 01:13:27,541
is your gambling problem.

3559
01:13:27,541 --> 01:13:27,958
Like that's

3560
01:13:27,958 --> 01:13:28,708
what all I think

3561
01:13:28,708 --> 01:13:29,375
when they're like,

3562
01:13:29,375 --> 01:13:30,625
no, no, no Bitcoin is money.

3563
01:13:30,625 --> 01:13:31,583
Because they're like, oh.

3564
01:13:31,583 --> 01:13:32,333
Actually we should

3565
01:13:32,333 --> 01:13:32,916
yeah, I'm

3566
01:13:32,916 --> 01:13:33,875
going to be the I'm going to.

3567
01:13:33,875 --> 01:13:34,708
Launch a token.

3568
01:13:34,708 --> 01:13:36,000
And then it's like,

3569
01:13:36,000 --> 01:13:38,000
how badly down are you?

3570
01:13:38,000 --> 01:13:38,583
Like, you know,

3571
01:13:38,583 --> 01:13:39,750
because you should

3572
01:13:39,750 --> 01:13:40,791
you should have been following

3573
01:13:40,791 --> 01:13:42,583
the manuscript this whole time

3574
01:13:42,583 --> 01:13:43,583
by five bucks,

3575
01:13:43,583 --> 01:13:44,500
whatever you can afford

3576
01:13:44,500 --> 01:13:46,375
per day, and you'll be okay.

3577
01:13:46,375 --> 01:13:47,708
But anyway.

3578
01:13:47,708 --> 01:13:48,208
But I think

3579
01:13:48,208 --> 01:13:49,375
either way, it's nice

3580
01:13:49,375 --> 01:13:51,541
that people, you know what?

3581
01:13:51,541 --> 01:13:52,208
It's a privilege

3582
01:13:52,208 --> 01:13:53,000
to have a community

3583
01:13:53,000 --> 01:13:54,416
that gives a shit, you know?

3584
01:13:54,416 --> 01:13:55,583
Yeah, at least I give a shit.

3585
01:13:55,583 --> 01:13:56,208
And that's

3586
01:13:56,208 --> 01:13:56,666
that's the

3587
01:13:56,666 --> 01:13:58,041
everyone gets a gold star,

3588
01:13:58,041 --> 01:13:58,708
in my opinion,

3589
01:13:58,708 --> 01:14:00,041
for just giving a shit.

3590
01:14:00,041 --> 01:14:00,833
So, you know,

3591
01:14:00,833 --> 01:14:02,416
that's better than nothing.

3592
01:14:02,416 --> 01:14:03,333
But I also love

3593
01:14:03,333 --> 01:14:04,041
the contrast

3594
01:14:04,041 --> 01:14:05,750
between normies

3595
01:14:05,750 --> 01:14:06,750
or regular people

3596
01:14:06,750 --> 01:14:08,333
thinking what they assumed

3597
01:14:08,333 --> 01:14:08,666
to be

3598
01:14:08,666 --> 01:14:09,791
the risks in Bitcoin,

3599
01:14:09,791 --> 01:14:10,916
and then the conversations

3600
01:14:10,916 --> 01:14:12,000
that we have internally

3601
01:14:12,000 --> 01:14:13,083
like so different.

3602
01:14:13,083 --> 01:14:14,875
Yeah. Right. Like yeah.

3603
01:14:14,875 --> 01:14:16,500
It's very different.

3604
01:14:16,500 --> 01:14:17,041
We don't talk

3605
01:14:17,041 --> 01:14:18,666
about volatility.

3606
01:14:18,666 --> 01:14:20,083
Like no.

3607
01:14:20,083 --> 01:14:21,666
No that and that's

3608
01:14:21,666 --> 01:14:22,750
that was obviously you know

3609
01:14:22,750 --> 01:14:24,000
that was the conversation

3610
01:14:24,000 --> 01:14:24,833
at the beginning

3611
01:14:24,833 --> 01:14:25,625
because you needed

3612
01:14:25,625 --> 01:14:26,416
to explain it.

3613
01:14:26,416 --> 01:14:28,250
But now a lot of people go

3614
01:14:28,250 --> 01:14:29,416
yeah Bitcoin is volatile.

3615
01:14:29,416 --> 01:14:31,041
But they sort of

3616
01:14:31,041 --> 01:14:32,458
they default is like

3617
01:14:32,458 --> 01:14:33,625
yeah but it keeps going up.

3618
01:14:33,625 --> 01:14:35,291
So that volatility fear

3619
01:14:35,291 --> 01:14:36,125
is actually not

3620
01:14:36,125 --> 01:14:36,958
as common anymore.

3621
01:14:36,958 --> 01:14:39,208
I feel like like

3622
01:14:39,208 --> 01:14:40,041
it used to be

3623
01:14:40,041 --> 01:14:40,875
what they lead with.

3624
01:14:40,875 --> 01:14:41,708
But now everyone

3625
01:14:41,708 --> 01:14:42,625
sort of knows

3626
01:14:42,625 --> 01:14:44,791
that Bitcoin just keeps going.

3627
01:14:44,791 --> 01:14:45,750
And that's what it should be

3628
01:14:45,750 --> 01:14:46,291
known for.

3629
01:14:46,291 --> 01:14:47,333
It keeps going. Yeah.

3630
01:14:47,333 --> 01:14:49,458
Because you might be spending

3631
01:14:49,458 --> 01:14:50,750
a bit too much time on Twitter

3632
01:14:50,750 --> 01:14:51,541
because that's not

3633
01:14:51,541 --> 01:14:52,625
my experience.

3634
01:14:52,625 --> 01:14:53,875
Like oh. Really?

3635
01:14:53,875 --> 01:14:54,750
Some time. Yeah.

3636
01:14:54,750 --> 01:14:55,708
When I spent some time

3637
01:14:55,708 --> 01:14:56,791
on LinkedIn.

3638
01:14:56,791 --> 01:14:57,458
Just posted

3639
01:14:57,458 --> 01:14:58,791
things here

3640
01:14:58,791 --> 01:14:59,583
and there about,

3641
01:14:59,583 --> 01:15:02,000
you know, Bitcoin and you get

3642
01:15:02,000 --> 01:15:02,875
it was interesting

3643
01:15:02,875 --> 01:15:04,041
because he did

3644
01:15:04,041 --> 01:15:05,375
draw a lot of attention

3645
01:15:05,375 --> 01:15:07,500
from traditional finance,

3646
01:15:07,500 --> 01:15:09,333
really criticizing it

3647
01:15:09,333 --> 01:15:10,541
and then subsequently

3648
01:15:10,541 --> 01:15:12,583
criticizing me personally.

3649
01:15:12,583 --> 01:15:15,083
And some like quite,

3650
01:15:15,083 --> 01:15:15,958
you know,

3651
01:15:15,958 --> 01:15:17,666
big names or not,

3652
01:15:17,666 --> 01:15:18,500
not so much names,

3653
01:15:18,500 --> 01:15:19,375
but titles like

3654
01:15:19,375 --> 01:15:21,000
CEOs of company CEOs

3655
01:15:21,000 --> 01:15:22,708
of ASX listed companies.

3656
01:15:23,750 --> 01:15:24,041
Yeah.

3657
01:15:24,041 --> 01:15:24,958
Had a lot to,

3658
01:15:24,958 --> 01:15:25,208
you know,

3659
01:15:25,208 --> 01:15:26,458
negative things to say.

3660
01:15:26,458 --> 01:15:28,541
So it's it is

3661
01:15:28,541 --> 01:15:29,375
eye opening

3662
01:15:29,375 --> 01:15:31,041
to see how early

3663
01:15:31,041 --> 01:15:31,416
we are

3664
01:15:31,416 --> 01:15:32,583
still in this conversation.

3665
01:15:32,583 --> 01:15:33,208
Asian,

3666
01:15:33,208 --> 01:15:34,833
especially in Australia.

3667
01:15:34,833 --> 01:15:35,750
I don't think like

3668
01:15:35,750 --> 01:15:37,166
I had a look at Natalie

3669
01:15:37,166 --> 01:15:38,333
Brunel's LinkedIn.

3670
01:15:38,333 --> 01:15:39,625
I was like people giving her

3671
01:15:39,625 --> 01:15:40,208
the same sort

3672
01:15:40,208 --> 01:15:41,250
of criticism in there,

3673
01:15:41,250 --> 01:15:42,291
not because in America,

3674
01:15:42,291 --> 01:15:43,708
I think the landscape

3675
01:15:43,708 --> 01:15:44,708
and the climate is very,

3676
01:15:44,708 --> 01:15:45,708
very different.

3677
01:15:45,708 --> 01:15:46,375
People are a lot

3678
01:15:46,375 --> 01:15:47,458
more accepting

3679
01:15:47,458 --> 01:15:48,541
and understanding of it.

3680
01:15:48,541 --> 01:15:50,000
And, and obviously,

3681
01:15:50,000 --> 01:15:51,291
like the adoption is a lot

3682
01:15:51,291 --> 01:15:52,750
higher there.

3683
01:15:52,750 --> 01:15:53,541
Yeah.

3684
01:15:53,541 --> 01:15:55,375
But it's science further along

3685
01:15:55,375 --> 01:15:56,458
I think. Yeah.

3686
01:15:56,458 --> 01:15:57,000
We, we,

3687
01:15:57,000 --> 01:15:58,375
we are behind because the

3688
01:15:58,375 --> 01:15:58,958
I still keep

3689
01:15:58,958 --> 01:16:00,125
getting questions

3690
01:16:00,125 --> 01:16:01,958
about volatility

3691
01:16:01,958 --> 01:16:03,333
is like the main one.

3692
01:16:03,333 --> 01:16:04,875
Bitcoin

3693
01:16:04,875 --> 01:16:06,083
has no intrinsic value.

3694
01:16:06,083 --> 01:16:06,791
This one gives me

3695
01:16:06,791 --> 01:16:07,500
an eye twitch

3696
01:16:07,500 --> 01:16:08,333
every time I hear it.

3697
01:16:08,333 --> 01:16:09,000
And then

3698
01:16:09,000 --> 01:16:09,958
do you think quantum

3699
01:16:09,958 --> 01:16:11,166
computing is a threat?

3700
01:16:12,666 --> 01:16:13,041
Yeah.

3701
01:16:13,041 --> 01:16:15,750
And it's like, oh yeah.

3702
01:16:15,750 --> 01:16:16,166
What's funny

3703
01:16:16,166 --> 01:16:17,041
is quantum computing.

3704
01:16:17,041 --> 01:16:18,333
The last thing I will go for

3705
01:16:18,333 --> 01:16:20,166
is bitcoin because exactly.

3706
01:16:20,166 --> 01:16:21,208
With bitcoins it's all.

3707
01:16:21,208 --> 01:16:21,625
Worry about.

3708
01:16:21,625 --> 01:16:22,833
Like other than someone

3709
01:16:22,833 --> 01:16:23,458
trying to break it

3710
01:16:23,458 --> 01:16:25,333
out of principle for notarize.

3711
01:16:25,333 --> 01:16:26,375
But yeah,

3712
01:16:26,375 --> 01:16:28,000
any person like Alan

3713
01:16:28,000 --> 01:16:29,541
Turing during the war

3714
01:16:29,541 --> 01:16:30,958
when they broke Enigma,

3715
01:16:30,958 --> 01:16:32,000
they didn't come out and say,

3716
01:16:32,000 --> 01:16:33,583
fuck you, we broke Enigma.

3717
01:16:33,583 --> 01:16:34,333
They were like,

3718
01:16:34,333 --> 01:16:35,458
we can't tell anyone

3719
01:16:35,458 --> 01:16:36,375
because then they'll keep

3720
01:16:36,375 --> 01:16:37,583
sending messages,

3721
01:16:37,583 --> 01:16:38,250
you know, like

3722
01:16:38,250 --> 01:16:39,958
so I think

3723
01:16:39,958 --> 01:16:41,500
quantum would be the same.

3724
01:16:41,500 --> 01:16:42,416
They would make sure

3725
01:16:42,416 --> 01:16:43,375
that they're just taking

3726
01:16:43,375 --> 01:16:44,458
from domain addresses

3727
01:16:44,458 --> 01:16:44,916
or whatever.

3728
01:16:44,916 --> 01:16:45,750
But

3729
01:16:45,750 --> 01:16:48,166
but yeah, it's, Bitcoin's

3730
01:16:48,166 --> 01:16:49,041
the last place

3731
01:16:49,041 --> 01:16:52,041
you want to probably, try and

3732
01:16:53,166 --> 01:16:55,208
like, hack or compromise

3733
01:16:55,208 --> 01:16:56,041
because that's going to be

3734
01:16:56,041 --> 01:16:58,125
the thing feeding you forever,

3735
01:16:58,125 --> 01:17:00,166
you know, going like. Yeah.

3736
01:17:00,166 --> 01:17:00,708
So that's how

3737
01:17:00,708 --> 01:17:01,916
I think about that.

3738
01:17:01,916 --> 01:17:03,375
Banks,

3739
01:17:03,375 --> 01:17:04,833
all those systems and stuff,

3740
01:17:04,833 --> 01:17:06,583
they just get totally wiped.

3741
01:17:06,583 --> 01:17:07,500
Not even wiped.

3742
01:17:07,500 --> 01:17:09,833
Just deformed.

3743
01:17:09,833 --> 01:17:11,250
It's like someone having

3744
01:17:11,250 --> 01:17:12,750
access to your quarterly

3745
01:17:12,750 --> 01:17:14,500
financial statement in Excel,

3746
01:17:15,458 --> 01:17:16,958
and you get to go to bed

3747
01:17:16,958 --> 01:17:17,791
and you give

3748
01:17:17,791 --> 01:17:19,750
10,000 people write access

3749
01:17:19,750 --> 01:17:20,500
so they can write in

3750
01:17:20,500 --> 01:17:21,458
whatever they want.

3751
01:17:21,458 --> 01:17:22,083
When you wake up

3752
01:17:22,083 --> 01:17:22,833
in the morning,

3753
01:17:22,833 --> 01:17:23,583
odds are it's

3754
01:17:23,583 --> 01:17:24,708
going to be very different

3755
01:17:24,708 --> 01:17:26,291
to what you left it.

3756
01:17:26,291 --> 01:17:27,166
Oh hey guys, here's

3757
01:17:27,166 --> 01:17:27,833
my quarterly

3758
01:17:27,833 --> 01:17:29,416
results spreadsheet.

3759
01:17:29,416 --> 01:17:30,416
Can I leave it with you

3760
01:17:30,416 --> 01:17:31,291
and not touch it

3761
01:17:31,291 --> 01:17:31,750
even though

3762
01:17:31,750 --> 01:17:33,250
you got access to change it?

3763
01:17:33,250 --> 01:17:34,375
Can I guarantee. Yeah, yeah.

3764
01:17:34,375 --> 01:17:34,833
When you

3765
01:17:34,833 --> 01:17:35,333
wake up in the morning,

3766
01:17:35,333 --> 01:17:37,291
be every totally different.

3767
01:17:37,291 --> 01:17:38,041
And that's,

3768
01:17:38,041 --> 01:17:38,500
that's exactly

3769
01:17:38,500 --> 01:17:39,416
what a quantum computer

3770
01:17:39,416 --> 01:17:41,125
will do to

3771
01:17:41,125 --> 01:17:42,791
our timeline of internet.

3772
01:17:42,791 --> 01:17:43,583
It'll just keep it

3773
01:17:43,583 --> 01:17:44,416
just going through everything

3774
01:17:44,416 --> 01:17:45,750
and change it all, like change

3775
01:17:45,750 --> 01:17:46,500
whatever it wants.

3776
01:17:46,500 --> 01:17:48,666
Which basically means that

3777
01:17:48,666 --> 01:17:49,791
when you've changed

3778
01:17:49,791 --> 01:17:50,333
everything,

3779
01:17:50,333 --> 01:17:50,958
you don't have

3780
01:17:50,958 --> 01:17:51,958
anything anymore.

3781
01:17:51,958 --> 01:17:53,666
And so you kind of

3782
01:17:53,666 --> 01:17:55,291
just sort of say farewell

3783
01:17:55,291 --> 01:17:57,208
to this big data set,

3784
01:17:57,208 --> 01:17:57,541
you know,

3785
01:17:57,541 --> 01:17:58,000
that gets

3786
01:17:58,000 --> 01:17:59,250
put on pause from there.

3787
01:17:59,250 --> 01:18:00,208
And there's post quantum

3788
01:18:00,208 --> 01:18:01,500
cryptography and stuff.

3789
01:18:01,500 --> 01:18:03,000
But post-quantum

3790
01:18:03,000 --> 01:18:05,833
cryptography is still not

3791
01:18:05,833 --> 01:18:07,125
the answer.

3792
01:18:07,125 --> 01:18:08,458
That's like a bandaid

3793
01:18:08,458 --> 01:18:10,250
on a broken arm.

3794
01:18:10,250 --> 01:18:11,250
The and like

3795
01:18:11,250 --> 01:18:12,208
the bigger problem

3796
01:18:12,208 --> 01:18:13,583
is that all this stuff

3797
01:18:13,583 --> 01:18:15,958
comes back to the same thing,

3798
01:18:15,958 --> 01:18:17,458
which is prime numbers.

3799
01:18:17,458 --> 01:18:18,458
And so

3800
01:18:18,458 --> 01:18:19,958
all cryptography is dependent

3801
01:18:19,958 --> 01:18:21,833
on prime numbers. But we know

3802
01:18:22,791 --> 01:18:24,500
very little about them.

3803
01:18:24,500 --> 01:18:25,250
And that means like

3804
01:18:25,250 --> 01:18:26,000
we don't know why

3805
01:18:26,000 --> 01:18:26,625
they show up

3806
01:18:26,625 --> 01:18:27,541
or how they show up

3807
01:18:27,541 --> 01:18:28,500
or where they show up,

3808
01:18:28,500 --> 01:18:30,166
but they keep showing up.

3809
01:18:30,166 --> 01:18:31,791
And so that mystery becomes

3810
01:18:31,791 --> 01:18:32,666
the perfect place

3811
01:18:32,666 --> 01:18:35,541
to use as identity.

3812
01:18:35,541 --> 01:18:37,041
Like, if I want uniqueness,

3813
01:18:37,041 --> 01:18:38,166
prime numbers unique.

3814
01:18:38,166 --> 01:18:40,208
So I make sure I use prime

3815
01:18:40,208 --> 01:18:41,083
numbers in RSA

3816
01:18:41,083 --> 01:18:42,416
cryptography, in,

3817
01:18:42,416 --> 01:18:43,375
elliptic curve

3818
01:18:43,375 --> 01:18:45,208
cryptography key fields.

3819
01:18:45,208 --> 01:18:47,125
Prime. Yeah.

3820
01:18:47,125 --> 01:18:47,541
Basically

3821
01:18:47,541 --> 01:18:48,375
they show up everywhere.

3822
01:18:48,375 --> 01:18:50,458
But if one mathematician knew

3823
01:18:50,458 --> 01:18:51,000
something that

3824
01:18:51,000 --> 01:18:52,416
the rest of the world didn't,

3825
01:18:52,416 --> 01:18:54,083
they own the world

3826
01:18:54,083 --> 01:18:55,083
like own it.

3827
01:18:55,083 --> 01:18:57,041
Not even like, like,

3828
01:18:57,041 --> 01:18:57,791
this is what keeps

3829
01:18:57,791 --> 01:18:58,583
me up at night

3830
01:18:58,583 --> 01:18:59,791
because there's so many smart

3831
01:18:59,791 --> 01:19:00,416
cats out there.

3832
01:19:00,416 --> 01:19:01,708
It's like someone's

3833
01:19:01,708 --> 01:19:03,583
going to get these problems on

3834
01:19:03,583 --> 01:19:05,708
hard enough to not be solved.

3835
01:19:05,708 --> 01:19:06,541
Like, that's what I mean.

3836
01:19:06,541 --> 01:19:08,250
It's sort of like,

3837
01:19:08,250 --> 01:19:09,833
it doesn't feel hard enough

3838
01:19:09,833 --> 01:19:11,291
that they can't be solved.

3839
01:19:11,291 --> 01:19:11,958
And it feels like

3840
01:19:11,958 --> 01:19:12,541
the only reason

3841
01:19:12,541 --> 01:19:14,333
they're not solved yet

3842
01:19:14,333 --> 01:19:15,333
is because a lot of people

3843
01:19:15,333 --> 01:19:15,500
haven't

3844
01:19:15,500 --> 01:19:17,166
put their attention to it.

3845
01:19:17,166 --> 01:19:18,541
But once you have

3846
01:19:18,541 --> 01:19:19,333
everyone running

3847
01:19:19,333 --> 01:19:20,166
on cryptography,

3848
01:19:20,166 --> 01:19:21,000
which is, you know,

3849
01:19:21,000 --> 01:19:22,000
digital assets

3850
01:19:22,000 --> 01:19:23,541
and shit like that,

3851
01:19:23,541 --> 01:19:25,125
Bitcoin, everyone's

3852
01:19:25,125 --> 01:19:25,416
going to know

3853
01:19:25,416 --> 01:19:26,250
about cryptography.

3854
01:19:26,250 --> 01:19:27,208
And then people get greedy

3855
01:19:27,208 --> 01:19:27,708
and they go, oh,

3856
01:19:27,708 --> 01:19:29,000
how do I break cryptography?

3857
01:19:29,000 --> 01:19:29,291
And it's like,

3858
01:19:29,291 --> 01:19:30,291
well what's it made out of?

3859
01:19:30,291 --> 01:19:30,625
And they go,

3860
01:19:30,625 --> 01:19:31,541
well prime numbers.

3861
01:19:31,541 --> 01:19:31,833
And they go,

3862
01:19:31,833 --> 01:19:32,458
well how do we break

3863
01:19:32,458 --> 01:19:33,500
prime numbers?

3864
01:19:33,500 --> 01:19:34,583
Well, let's get some maths

3865
01:19:34,583 --> 01:19:36,125
nerds into focus on this.

3866
01:19:36,125 --> 01:19:38,041
And they put resources to it.

3867
01:19:38,041 --> 01:19:38,416
You know,

3868
01:19:38,416 --> 01:19:39,250
these things happen

3869
01:19:39,250 --> 01:19:39,958
on the times

3870
01:19:39,958 --> 01:19:42,416
of real critical duress.

3871
01:19:42,416 --> 01:19:43,708
So yeah,

3872
01:19:43,708 --> 01:19:44,000
you know,

3873
01:19:44,000 --> 01:19:45,541
they split the atom, right?

3874
01:19:45,541 --> 01:19:46,791
With the nuclear bomb.

3875
01:19:46,791 --> 01:19:47,500
They figured out how

3876
01:19:47,500 --> 01:19:48,500
to split the atom.

3877
01:19:48,500 --> 01:19:49,833
But just before it,

3878
01:19:49,833 --> 01:19:51,416
I thinking,

3879
01:19:51,416 --> 01:19:51,708
you know, if

3880
01:19:51,708 --> 01:19:53,208
we had another war,

3881
01:19:53,208 --> 01:19:54,250
the next big win

3882
01:19:54,250 --> 01:19:55,666
would be splitting the hash.

3883
01:19:55,666 --> 01:19:56,541
Basically,

3884
01:19:56,541 --> 01:19:59,541
who can break a hash or a key?

3885
01:19:59,583 --> 01:20:01,500
And that will grant access

3886
01:20:01,500 --> 01:20:02,833
to the world, basically.

3887
01:20:02,833 --> 01:20:04,083
So whoever's in charge,

3888
01:20:04,083 --> 01:20:05,000
whatever countries

3889
01:20:05,000 --> 01:20:06,583
are fighting or whatever,

3890
01:20:06,583 --> 01:20:08,458
that's the new atom bomb

3891
01:20:08,458 --> 01:20:09,500
because it steals

3892
01:20:09,500 --> 01:20:10,958
everything instantly

3893
01:20:10,958 --> 01:20:12,750
and it's just a math equation.

3894
01:20:12,750 --> 01:20:14,375
And so that is like

3895
01:20:14,375 --> 01:20:15,625
that's fascinating to me.

3896
01:20:15,625 --> 01:20:16,583
You know, all these things,

3897
01:20:16,583 --> 01:20:17,541
they're real threat.

3898
01:20:17,541 --> 01:20:18,791
That's a real threat.

3899
01:20:18,791 --> 01:20:21,500
Quantum, I just

3900
01:20:22,708 --> 01:20:24,416
I get it, it's cool.

3901
01:20:24,416 --> 01:20:27,416
Like it's exciting, but

3902
01:20:28,208 --> 01:20:28,750
I just

3903
01:20:28,750 --> 01:20:29,875
it's the wrong direction.

3904
01:20:29,875 --> 01:20:30,875
Quantum everything.

3905
01:20:30,875 --> 01:20:31,708
I just think quantum

3906
01:20:31,708 --> 01:20:34,708
mechanics is a broken, like,

3907
01:20:34,708 --> 01:20:35,791
approach to physics,

3908
01:20:35,791 --> 01:20:38,041
statistical and probabilistic.

3909
01:20:38,041 --> 01:20:39,750
So I just never any time

3910
01:20:39,750 --> 01:20:40,166
you hear the word

3911
01:20:40,166 --> 01:20:41,458
quantum, I'm like,

3912
01:20:41,458 --> 01:20:42,416
it's probabilistic

3913
01:20:42,416 --> 01:20:43,291
somewhere down there,

3914
01:20:43,291 --> 01:20:43,958
which means it's

3915
01:20:43,958 --> 01:20:45,083
not mechanical,

3916
01:20:45,083 --> 01:20:45,750
which means it's

3917
01:20:45,750 --> 01:20:47,083
probably flawed.

3918
01:20:47,083 --> 01:20:49,375
But yeah, other than that,

3919
01:20:49,375 --> 01:20:51,833
that's all I got.

3920
01:20:51,833 --> 01:20:52,750
I love it.

3921
01:20:52,750 --> 01:20:53,666
And last question

3922
01:20:53,666 --> 01:20:55,166
for you, Michael. Yeah.

3923
01:20:55,166 --> 01:20:55,791
Do you have

3924
01:20:55,791 --> 01:20:57,041
any recommendations

3925
01:20:57,041 --> 01:20:57,750
for people

3926
01:20:57,750 --> 01:20:59,458
who are new to this space

3927
01:20:59,458 --> 01:21:01,791
and want to, you know, you've

3928
01:21:01,791 --> 01:21:03,000
you've got their curiosity

3929
01:21:03,000 --> 01:21:04,125
now, what are some of the

3930
01:21:04,125 --> 01:21:06,750
practical next steps?

3931
01:21:06,750 --> 01:21:07,583
I definitely think

3932
01:21:07,583 --> 01:21:09,291
getting some bitcoin

3933
01:21:09,291 --> 01:21:10,375
in from like

3934
01:21:10,375 --> 01:21:12,291
podcasts in your diet.

3935
01:21:12,291 --> 01:21:13,625
So if you're listening

3936
01:21:13,625 --> 01:21:15,666
to this fantastic.

3937
01:21:15,666 --> 01:21:16,333
Thank you very much

3938
01:21:16,333 --> 01:21:17,041
for listening.

3939
01:21:17,041 --> 01:21:18,208
But other ones as well

3940
01:21:18,208 --> 01:21:18,958
that you might want to listen

3941
01:21:18,958 --> 01:21:21,083
to as a primer to understand

3942
01:21:21,083 --> 01:21:22,000
if you're,

3943
01:21:22,000 --> 01:21:22,250
you know,

3944
01:21:22,250 --> 01:21:22,791
if you just want to

3945
01:21:22,791 --> 01:21:23,875
get the building blocks

3946
01:21:23,875 --> 01:21:24,583
like what's the

3947
01:21:24,583 --> 01:21:25,875
welcome to Bitcoin?

3948
01:21:25,875 --> 01:21:27,416
I usually look at Robert

3949
01:21:27,416 --> 01:21:29,875
Breedlove Silas series.

3950
01:21:29,875 --> 01:21:30,416
I think that's

3951
01:21:30,416 --> 01:21:31,458
really powerful.

3952
01:21:31,458 --> 01:21:33,041
And I think Michael Saylor

3953
01:21:33,041 --> 01:21:36,916
is such a fantastic,

3954
01:21:36,916 --> 01:21:38,916
he's such a fantastic speaker

3955
01:21:38,916 --> 01:21:40,041
and he's very elegant

3956
01:21:40,041 --> 01:21:41,291
with how he frames things

3957
01:21:41,291 --> 01:21:42,375
for the most part.

3958
01:21:42,375 --> 01:21:43,250
So I think

3959
01:21:43,250 --> 01:21:45,291
he's very easy to learn from.

3960
01:21:45,291 --> 01:21:47,083
He's a great, great educator.

3961
01:21:47,083 --> 01:21:49,375
And I think that's probably

3962
01:21:49,375 --> 01:21:49,791
like one

3963
01:21:49,791 --> 01:21:51,458
of his biggest superpowers,

3964
01:21:51,458 --> 01:21:52,666
in the space

3965
01:21:52,666 --> 01:21:53,541
and the contributions

3966
01:21:53,541 --> 01:21:54,083
that he's made.

3967
01:21:54,083 --> 01:21:55,416
So I always send people

3968
01:21:55,416 --> 01:21:56,125
that direction

3969
01:21:56,125 --> 01:21:56,958
because I feel safe

3970
01:21:56,958 --> 01:21:57,708
sending them there.

3971
01:21:57,708 --> 01:21:58,375
I don't feel like

3972
01:21:58,375 --> 01:21:59,041
they're going to come back

3973
01:21:59,041 --> 01:21:59,708
and be like,

3974
01:21:59,708 --> 01:22:01,166
Mike, what was that dog

3975
01:22:01,166 --> 01:22:02,291
shit that you gave me?

3976
01:22:02,291 --> 01:22:03,083
That was a waste

3977
01:22:03,083 --> 01:22:04,416
of three hours, you know?

3978
01:22:04,416 --> 01:22:05,250
I was like, sorry.

3979
01:22:05,250 --> 01:22:06,333
Yeah. Anyway.

3980
01:22:06,333 --> 01:22:07,541
But that's what I'd say.

3981
01:22:07,541 --> 01:22:10,541
And I'd say, as well,

3982
01:22:10,583 --> 01:22:11,625
don't worry

3983
01:22:11,625 --> 01:22:13,625
about stupid questions.

3984
01:22:13,625 --> 01:22:15,458
There is no stupid questions.

3985
01:22:15,458 --> 01:22:16,125
And if you needed

3986
01:22:16,125 --> 01:22:18,000
to hear from me or anyone,

3987
01:22:18,000 --> 01:22:19,625
trust me on this one.

3988
01:22:19,625 --> 01:22:20,791
I've asked

3989
01:22:20,791 --> 01:22:23,291
more stupid question then.

3990
01:22:23,291 --> 01:22:24,291
If you heard

3991
01:22:24,291 --> 01:22:25,250
some of these questions

3992
01:22:25,250 --> 01:22:26,125
that I would have asked,

3993
01:22:26,125 --> 01:22:27,291
you'd be like, oh,

3994
01:22:27,291 --> 01:22:28,250
that guy needs

3995
01:22:28,250 --> 01:22:29,000
to be in a hospital.

3996
01:22:29,000 --> 01:22:30,625
He has no brain in his name.

3997
01:22:30,625 --> 01:22:32,000
Like, seriously.

3998
01:22:32,000 --> 01:22:32,625
And so

3999
01:22:32,625 --> 01:22:34,500
everyone has been there.

4000
01:22:34,500 --> 01:22:35,125
Everyone.

4001
01:22:35,125 --> 01:22:36,625
This is forum stuff.

4002
01:22:36,625 --> 01:22:38,125
This isn't made in China.

4003
01:22:38,125 --> 01:22:39,416
It's not made in America.

4004
01:22:39,416 --> 01:22:40,250
We don't know where it's

4005
01:22:40,250 --> 01:22:40,708
come from.

4006
01:22:40,708 --> 01:22:41,416
So until then,

4007
01:22:41,416 --> 01:22:42,916
we call it alien tech.

4008
01:22:42,916 --> 01:22:43,708
And now

4009
01:22:43,708 --> 01:22:45,083
there's no stupid questions

4010
01:22:45,083 --> 01:22:46,041
when it comes to that.

4011
01:22:46,041 --> 01:22:47,375
Everyone is a beginner

4012
01:22:47,375 --> 01:22:48,625
and the best part is,

4013
01:22:48,625 --> 01:22:50,208
everyone's story arc

4014
01:22:50,208 --> 01:22:51,625
is usually the same

4015
01:22:51,625 --> 01:22:52,458
or similar,

4016
01:22:52,458 --> 01:22:54,166
just staggered differently

4017
01:22:54,166 --> 01:22:54,958
in different time

4018
01:22:54,958 --> 01:22:56,083
intervals or whatever.

4019
01:22:56,083 --> 01:22:57,833
But everyone has been

4020
01:22:57,833 --> 01:22:58,916
in your shoes before.

4021
01:22:58,916 --> 01:22:59,666
If you are new

4022
01:22:59,666 --> 01:23:01,208
to this industry,

4023
01:23:01,208 --> 01:23:02,958
everyone is willing to help

4024
01:23:02,958 --> 01:23:03,750
you understand

4025
01:23:03,750 --> 01:23:04,583
because everyone

4026
01:23:04,583 --> 01:23:06,333
has gotten so much from it.

4027
01:23:06,333 --> 01:23:07,291
And it's not about

4028
01:23:07,291 --> 01:23:08,166
a Ponzi scheme

4029
01:23:08,166 --> 01:23:09,041
where they're getting paid.

4030
01:23:09,041 --> 01:23:10,083
It's more like

4031
01:23:10,083 --> 01:23:11,750
their life cup

4032
01:23:11,750 --> 01:23:13,458
has been filled up from it,

4033
01:23:13,458 --> 01:23:15,208
and it's really supported them

4034
01:23:15,208 --> 01:23:16,041
as an individual

4035
01:23:16,041 --> 01:23:17,333
on a personal level

4036
01:23:17,333 --> 01:23:18,416
and emotionally

4037
01:23:18,416 --> 01:23:19,208
and stuff like that.

4038
01:23:19,208 --> 01:23:21,083
And so I'd say go

4039
01:23:21,083 --> 01:23:22,583
easy on yourself, but,

4040
01:23:22,583 --> 01:23:23,250
you know,

4041
01:23:23,250 --> 01:23:24,833
put yourself under the in

4042
01:23:24,833 --> 01:23:25,458
the mix,

4043
01:23:25,458 --> 01:23:26,875
go to a meet up, start

4044
01:23:26,875 --> 01:23:28,333
listening to some podcasts.

4045
01:23:28,333 --> 01:23:29,458
Hey, if you're not listening

4046
01:23:29,458 --> 01:23:30,416
to shit about this,

4047
01:23:30,416 --> 01:23:32,208
how to fix your money

4048
01:23:32,208 --> 01:23:33,208
I don't know what you

4049
01:23:33,208 --> 01:23:34,541
what you're learning about,

4050
01:23:34,541 --> 01:23:36,375
but it's probably a good idea

4051
01:23:36,375 --> 01:23:37,708
because no matter

4052
01:23:37,708 --> 01:23:38,750
if you're 20 years old

4053
01:23:38,750 --> 01:23:39,875
or 40 years old,

4054
01:23:39,875 --> 01:23:41,375
if you don't understand

4055
01:23:41,375 --> 01:23:42,166
money,

4056
01:23:42,166 --> 01:23:42,708
you're going to have

4057
01:23:42,708 --> 01:23:44,000
a very challenging

4058
01:23:44,000 --> 01:23:45,750
next 20 or 40 years.

4059
01:23:45,750 --> 01:23:46,208
The person

4060
01:23:46,208 --> 01:23:47,125
who understands money

4061
01:23:47,125 --> 01:23:48,291
the best,

4062
01:23:48,291 --> 01:23:48,958
we'll figure out

4063
01:23:48,958 --> 01:23:50,958
a way to get it and move on

4064
01:23:50,958 --> 01:23:52,625
with life first.

4065
01:23:52,625 --> 01:23:53,416
But yeah,

4066
01:23:53,416 --> 01:23:54,500
you need to be investing

4067
01:23:54,500 --> 01:23:55,375
your time

4068
01:23:55,375 --> 01:23:57,416
and your mind into this.

4069
01:23:57,416 --> 01:23:58,541
Not yeah,

4070
01:23:58,541 --> 01:23:59,500
don't need to be paying

4071
01:23:59,500 --> 01:24:01,291
for stuff and buying courses

4072
01:24:01,291 --> 01:24:02,375
or anything like that.

4073
01:24:02,375 --> 01:24:04,375
Everything you need is free

4074
01:24:04,375 --> 01:24:05,875
and every person

4075
01:24:05,875 --> 01:24:07,166
that you need to speak to

4076
01:24:07,166 --> 01:24:08,208
is probably willing

4077
01:24:08,208 --> 01:24:09,541
to speak to you about it.

4078
01:24:09,541 --> 01:24:11,333
And I find that's quite cool.

4079
01:24:11,333 --> 01:24:12,416
A lot of people are waiting

4080
01:24:12,416 --> 01:24:13,833
for people to come around.

4081
01:24:13,833 --> 01:24:14,791
They waiting like,

4082
01:24:14,791 --> 01:24:17,000
hey man, look, okay,

4083
01:24:17,000 --> 01:24:17,833
can you just tell me

4084
01:24:17,833 --> 01:24:18,958
about this Bitcoin thing?

4085
01:24:18,958 --> 01:24:19,583
And you're like,

4086
01:24:19,583 --> 01:24:22,000
oh yes, they're coming.

4087
01:24:22,000 --> 01:24:23,333
You know, they're interested.

4088
01:24:23,333 --> 01:24:23,666
You know,

4089
01:24:23,666 --> 01:24:24,541
because interest

4090
01:24:24,541 --> 01:24:25,916
is such a big part of it.

4091
01:24:25,916 --> 01:24:27,166
If you're not interested

4092
01:24:27,166 --> 01:24:28,083
you can't make anyone

4093
01:24:28,083 --> 01:24:29,083
do anything right.

4094
01:24:29,083 --> 01:24:29,875
Like interest

4095
01:24:29,875 --> 01:24:30,833
is what separates

4096
01:24:30,833 --> 01:24:31,500
the persistent

4097
01:24:31,500 --> 01:24:32,791
from the non persistent.

4098
01:24:32,791 --> 01:24:33,375
You know, people

4099
01:24:33,375 --> 01:24:34,916
that train 20 hours a day

4100
01:24:34,916 --> 01:24:36,583
for gold versus

4101
01:24:36,583 --> 01:24:38,000
someone who trains three hours

4102
01:24:38,000 --> 01:24:39,000
a day.

4103
01:24:39,000 --> 01:24:40,000
I'm more persistent

4104
01:24:40,000 --> 01:24:41,333
because I'm more interested.

4105
01:24:41,333 --> 01:24:41,916
I don't feel

4106
01:24:41,916 --> 01:24:42,625
like I'm training.

4107
01:24:42,625 --> 01:24:43,250
I feel like I'm

4108
01:24:43,250 --> 01:24:44,250
out in the fresh air

4109
01:24:44,250 --> 01:24:45,541
doing the exact thing

4110
01:24:45,541 --> 01:24:46,500
I'm obsessed with.

4111
01:24:46,500 --> 01:24:47,208
I could

4112
01:24:47,208 --> 01:24:48,166
I the only reason I'm

4113
01:24:48,166 --> 01:24:49,041
not training right now

4114
01:24:49,041 --> 01:24:50,375
is because I have to sleep.

4115
01:24:50,375 --> 01:24:50,750
You know, it's

4116
01:24:50,750 --> 01:24:51,500
almost like kids

4117
01:24:51,500 --> 01:24:53,000
with video games, like,

4118
01:24:53,000 --> 01:24:53,666
imagine going out

4119
01:24:53,666 --> 01:24:54,833
to a kid being like,

4120
01:24:54,833 --> 01:24:55,708
hey, how would you like

4121
01:24:55,708 --> 01:24:56,750
to get paid to do this

4122
01:24:56,750 --> 01:24:57,750
all day, every day?

4123
01:24:57,750 --> 01:24:58,666
I'm doing it all day,

4124
01:24:58,666 --> 01:24:59,041
every day.

4125
01:24:59,041 --> 01:24:59,458
Anyway,

4126
01:24:59,458 --> 01:25:00,833
thanks for the free money.

4127
01:25:00,833 --> 01:25:01,916
That's what

4128
01:25:01,916 --> 01:25:03,333
purpose feels like.

4129
01:25:03,333 --> 01:25:04,000
It feels like

4130
01:25:04,000 --> 01:25:04,791
you're getting paid

4131
01:25:04,791 --> 01:25:05,875
to do something

4132
01:25:05,875 --> 01:25:07,541
that you do not think

4133
01:25:07,541 --> 01:25:07,916
you should be

4134
01:25:07,916 --> 01:25:09,000
getting paid for,

4135
01:25:09,000 --> 01:25:11,125
and it feels way too easy

4136
01:25:11,125 --> 01:25:11,833
for getting like

4137
01:25:11,833 --> 01:25:12,291
for the money,

4138
01:25:12,291 --> 01:25:13,375
you're getting bitcoins

4139
01:25:13,375 --> 01:25:14,250
a lot like that.

4140
01:25:14,250 --> 01:25:15,291
It will be good to you

4141
01:25:15,291 --> 01:25:16,750
if you take the time

4142
01:25:17,750 --> 01:25:18,750
you owe it to yourself.

4143
01:25:18,750 --> 01:25:20,250
Basically. Yeah.

4144
01:25:20,250 --> 01:25:21,000
It's the single

4145
01:25:21,000 --> 01:25:21,833
best investment

4146
01:25:21,833 --> 01:25:22,500
you can you can

4147
01:25:22,500 --> 01:25:23,458
make is first

4148
01:25:23,458 --> 01:25:25,583
learning about Bitcoin and

4149
01:25:25,583 --> 01:25:27,208
one accordingly.

4150
01:25:27,208 --> 01:25:29,666
100%.

4151
01:25:29,666 --> 01:25:32,250
Oh yeah definitely great.

4152
01:25:32,250 --> 01:25:34,541
All right thanks Michael.

4153
01:25:34,541 --> 01:25:35,666
That's it for this week

4154
01:25:35,666 --> 01:25:37,375
on the Honest Money Show.

4155
01:25:37,375 --> 01:25:39,708
Big thanks to be to check out

4156
01:25:39,708 --> 01:25:40,625
why more Aussies

4157
01:25:40,625 --> 01:25:41,458
are choosing them

4158
01:25:41,458 --> 01:25:41,958
at to

4159
01:25:41,958 --> 01:25:42,833
Root.com dot

4160
01:25:42,833 --> 01:25:44,166
edu and shout

4161
01:25:44,166 --> 01:25:45,208
out to our listeners

4162
01:25:45,208 --> 01:25:46,375
and found to where you can

4163
01:25:46,375 --> 01:25:48,833
earn subs just by tuning in.

4164
01:25:48,833 --> 01:25:50,333
If you appreciate the way

4165
01:25:50,333 --> 01:25:51,708
we cut through the noise,

4166
01:25:51,708 --> 01:25:52,583
you can support us

4167
01:25:52,583 --> 01:25:54,375
directly via the QR code.

4168
01:25:54,375 --> 01:25:55,916
In the episode notes.

4169
01:25:55,916 --> 01:25:57,041
Until next week,

4170
01:25:57,041 --> 01:25:58,333
take care of yourself

4171
01:25:58,333 --> 01:25:59,083
and your money.