WEBVTT 00:00:00.000 --> 00:00:08.000 It does just make me smile. 00:00:08.000 --> 00:00:13.000 The best for a song. 00:00:13.000 --> 00:00:14.000 Yeah. 00:00:14.000 --> 00:00:15.000 The best for a song. 00:00:15.000 --> 00:00:16.000 How are you doing, Bondor? 00:00:16.000 --> 00:00:18.000 How's the world going in your world? 00:00:18.000 --> 00:00:22.000 Just chugging through, trying to set some stuff up. 00:00:22.000 --> 00:00:24.000 It's just painful. 00:00:24.000 --> 00:00:26.000 No, that's not right. 00:00:26.000 --> 00:00:28.000 Okay, you got to do it again. 00:00:28.000 --> 00:00:29.000 No, that's not right. 00:00:29.000 --> 00:00:32.000 Okay, you got to do it again. 00:00:32.000 --> 00:00:33.000 Development. 00:00:33.000 --> 00:00:35.000 That's how it is. 00:00:35.000 --> 00:00:36.000 Man. 00:00:36.000 --> 00:00:43.000 It's funny to me how the stop-and-go nature of, like, development or just, 00:00:43.000 --> 00:00:46.000 or rather, like, everything has a stop-and-go nature to it. 00:00:46.000 --> 00:00:49.000 It's like if you're going to plant, you know, 00:00:49.000 --> 00:00:52.000 trees or whatever it is, or, like, plant a garden in my case, 00:00:52.000 --> 00:00:56.000 it's like you got to do all the planting and then you just kind of wait, 00:00:56.000 --> 00:00:58.000 and then you got to get in there and weed it every day, 00:00:58.000 --> 00:00:59.000 and then you got to wait. 00:00:59.000 --> 00:01:01.000 It's like just the stop-and-go back and forth. 00:01:01.000 --> 00:01:03.000 It's kind of built in everything. 00:01:03.000 --> 00:01:05.000 It's the same thing with, like, working out, 00:01:05.000 --> 00:01:07.000 but it's just interesting how, I don't know, 00:01:07.000 --> 00:01:12.000 we're going to get into an existential thing in my mind of everything. 00:01:12.000 --> 00:01:19.000 It's going to get deep, but it's so funny. 00:01:19.000 --> 00:01:24.000 Yeah, so for today, I would love to actually talk with you about, and again, 00:01:24.000 --> 00:01:26.000 you know, for anybody just tuning in for the first time, 00:01:26.000 --> 00:01:33.000 this is just an open forum conversation, Better Buy Bitcoin, 00:01:33.000 --> 00:01:40.000 where the whole thinking and premise is just how does Bitcoin make things better. 00:01:40.000 --> 00:01:44.000 So the double entendre of you should buy it, but if you do buy it 00:01:44.000 --> 00:01:46.000 and when you do buy it, everything, 00:01:46.000 --> 00:01:50.000 the rising tide of Bitcoin will make everything Bitcoin, everything better. 00:01:50.000 --> 00:01:53.000 And my personal take is kind of advertising. 00:01:53.000 --> 00:01:54.000 I love advertising. 00:01:54.000 --> 00:01:57.000 I love the messaging and marketing problem of things. 00:01:57.000 --> 00:02:01.000 And so I'm always trying to kind of approach different things in this world 00:02:01.000 --> 00:02:02.000 about how do you tell that story? 00:02:02.000 --> 00:02:03.000 How do you sell this? 00:02:03.000 --> 00:02:05.000 How do you make people actually care about it? 00:02:05.000 --> 00:02:08.000 And so that's just kind of me, JD. 00:02:08.000 --> 00:02:11.000 Do you want to give a quick take on you? 00:02:11.000 --> 00:02:12.000 Yeah, I'm Pandor. 00:02:12.000 --> 00:02:21.000 I've been in Bitcoin for a bit now, and I got to get better at it. 00:02:21.000 --> 00:02:25.000 Getting it down quick and easy. 00:02:25.000 --> 00:02:30.000 I'm presently a developer, but I've worked in film and entertainment, 00:02:30.000 --> 00:02:35.000 written a bunch, and also worked in finance 00:02:35.000 --> 00:02:45.000 and had a whole slew of things here in Los Angeles with JD. 00:02:45.000 --> 00:02:46.000 That's good. 00:02:46.000 --> 00:02:48.000 I'm just trying to figure it out. 00:02:48.000 --> 00:02:50.000 Yeah, it ruins everything, and I've done a lot of things, 00:02:50.000 --> 00:02:52.000 and it's ruined all of them. 00:02:52.000 --> 00:02:56.000 And so now we're trying to, there's not much else you can do except for attack 00:02:56.000 --> 00:02:59.000 fiat via Bitcoin. 00:02:59.000 --> 00:03:02.000 I saw, actually, maybe we'd start here and then, 00:03:02.000 --> 00:03:06.000 because I would love to talk today about stack math, which goes into it. 00:03:06.000 --> 00:03:10.000 And maybe it should be stack maths, just like Bitcoins for the audience. 00:03:11.000 --> 00:03:23.000 I saw today this tweet from a guy who, let me see if I can pull it up. 00:03:23.000 --> 00:03:27.000 But he was the bad guy. 00:03:27.000 --> 00:03:29.000 So it was this tweet from. 00:03:29.000 --> 00:03:30.000 SPF. 00:03:30.000 --> 00:03:33.000 Yeah, no, the Bitcoin bad guy. 00:03:33.000 --> 00:03:38.000 But he was posting a thread from a tweet he had, 00:03:38.000 --> 00:03:39.000 and I'll pull it up really quick. 00:03:39.000 --> 00:03:44.000 Let me just actually get this pulled up here so I'm not doxing myself. 00:03:44.000 --> 00:03:55.000 But he, no, let's do a double click. 00:03:55.000 --> 00:03:56.000 I can make this go full screen. 00:03:56.000 --> 00:04:01.000 But he was kind of positing a way for the Bitcoin strategic reserve to happen, 00:04:01.000 --> 00:04:04.000 or rather it was like more of a theory. 00:04:04.000 --> 00:04:08.000 And I actually really agree with this theory. 00:04:08.000 --> 00:04:11.000 The theory was they're going to audit Fort Knox. 00:04:11.000 --> 00:04:14.000 Not only is the gold not going to be there, 00:04:14.000 --> 00:04:18.000 but there will be a ton more gold than anyone had expected. 00:04:18.000 --> 00:04:19.000 Gold will pump hard. 00:04:19.000 --> 00:04:22.000 The U.S. will dump gold on the rest of the world for tens of trillions of dollars 00:04:22.000 --> 00:04:25.000 and then pump all that into Bitcoin, creating a strategic Bitcoin reserve. 00:04:25.000 --> 00:04:26.000 Bitcoin goes to millions. 00:04:26.000 --> 00:04:28.000 Pay off all the debts. 00:04:28.000 --> 00:04:33.000 Dude, I just love this theory, though, because, you know, he's right. 00:04:33.000 --> 00:04:36.000 Saylor has said this idea and kind of brought that out there. 00:04:36.000 --> 00:04:38.000 And a friend of his is like, oh, your head's at, you know, 00:04:38.000 --> 00:04:42.000 I hope that this audit works and they're supposed to live stream it. 00:04:42.000 --> 00:04:48.000 But actually this to me would play directly to what I think Trump's greatest 00:04:48.000 --> 00:04:50.000 strength is, which is theater. 00:04:50.000 --> 00:04:55.000 Trump is a master marketer and he's a master kind of like, 00:04:55.000 --> 00:04:57.000 I call him a magician in my mind. 00:04:57.000 --> 00:05:00.000 He's a messaging magician because if you're going to do, 00:05:00.000 --> 00:05:05.000 like right now the most important thing happening in the world is not the 00:05:05.000 --> 00:05:06.000 Epstein client list. 00:05:06.000 --> 00:05:10.000 It's everything happening in the background that Trump doesn't want you to 00:05:10.000 --> 00:05:11.000 pay attention to. 00:05:11.000 --> 00:05:14.000 The Epstein client list and the amount of fervor and everything he's making 00:05:14.000 --> 00:05:15.000 happening right now, 00:05:15.000 --> 00:05:18.000 like what is actually happening today are probably some of the biggest moves 00:05:18.000 --> 00:05:19.000 that nobody's talking about. 00:05:19.000 --> 00:05:25.000 This is all like the Epstein thing and the way it's playing out is 100% for 00:05:25.000 --> 00:05:27.000 the purpose of distracting from something else. 00:05:27.000 --> 00:05:28.000 There's no way they would do like this. 00:05:28.000 --> 00:05:30.000 They would have just put it online. 00:05:30.000 --> 00:05:31.000 Who cares? 00:05:31.000 --> 00:05:31.000 00:05:31.000 --> 00:05:34.000 But this is like a media publicity stunt and it's like, 00:05:34.000 --> 00:05:36.000 this is not what it's supposed to be. 00:05:36.000 --> 00:05:38.000 Something else is going on. 00:05:38.000 --> 00:05:39.000 Yep. 00:05:39.000 --> 00:05:40.000 And I love that. 00:05:40.000 --> 00:05:45.000 And I think that that to me aligns with this theory that bad guy BTC has 00:05:45.000 --> 00:05:47.000 because from my perspective, 00:05:47.000 --> 00:05:51.000 just as an advertiser and as marketer, 00:05:51.000 --> 00:05:55.000 this is pure good political theater. 00:05:56.000 --> 00:05:59.000 And this particular thing that bad guy is saying is the political theater of, 00:05:59.000 --> 00:06:01.000 and this is why also I think we're seeing this, 00:06:01.000 --> 00:06:04.000 like the comics of all the people like shipping their gold to Fort Knox, 00:06:04.000 --> 00:06:07.000 like Fort Knox going crazy. 00:06:07.000 --> 00:06:14.000 I do believe this is the first time rehypothecated gold is kind of getting 00:06:14.000 --> 00:06:16.000 called if you will. 00:06:16.000 --> 00:06:18.000 And so they're basically just like, hey, 00:06:18.000 --> 00:06:20.000 remember that gold that we sold you? 00:06:20.000 --> 00:06:22.000 We need to buy it back. 00:06:22.000 --> 00:06:24.000 And so we're seeing this huge inflow of gold, 00:06:24.000 --> 00:06:25.000 quote unquote, 00:06:25.000 --> 00:06:28.000 but what we're actually seeing is just kind of the shell game in New York. 00:06:28.000 --> 00:06:32.000 And we're seeing all of these gold people move all their gold to these comics 00:06:32.000 --> 00:06:34.000 stores and wherever they are. 00:06:34.000 --> 00:06:35.000 And again, this is my ignorance. 00:06:35.000 --> 00:06:39.000 I don't really know what the indexes are or whatever when it comes to gold. 00:06:39.000 --> 00:06:41.000 And you can probably give some more insight on that because I know you have 00:06:41.000 --> 00:06:46.000 a finance background bond or, but the thing that's interesting to me about this. 00:06:46.000 --> 00:06:48.000 I have no insight, nothing. 00:06:48.000 --> 00:06:49.000 Okay. 00:06:49.000 --> 00:06:50.000 On the gold side. 00:06:50.000 --> 00:06:56.000 I just love this because the fact that Trump has telegraphed that he wants to 00:06:56.000 --> 00:06:57.000 go to Fort Knox, 00:06:57.000 --> 00:07:03.000 the fact that he's telegraphed that he knows Jay Powell has to do what he says 00:07:03.000 --> 00:07:08.000 that tells me everything I need to know that Trump knows the Ponzi is up to a 00:07:08.000 --> 00:07:09.000 degree. 00:07:09.000 --> 00:07:13.000 The thing he did yesterday with or two days ago with the, 00:07:13.000 --> 00:07:15.000 like the Trump gold card as he's calling it, 00:07:15.000 --> 00:07:19.000 which I love that he's calling it the Trump America gold card to like pay and 00:07:19.000 --> 00:07:21.000 pay $5 million and get a U S green card. 00:07:21.000 --> 00:07:22.000 You're not getting citizenship. 00:07:22.000 --> 00:07:23.000 You're getting a green card, 00:07:23.000 --> 00:07:24.000 but you get a U S passport. 00:07:24.000 --> 00:07:33.000 That's awesome because all of that to me tells me that Trump understands the 00:07:33.000 --> 00:07:38.000 Fiat Ponzi and he understands that the only way that the Fiat Ponzi doesn't 00:07:38.000 --> 00:07:42.000 unravel is for them to fix the main balance sheet, 00:07:42.000 --> 00:07:43.000 which is the U S balance sheet. 00:07:44.000 --> 00:07:50.000 And so if he can fix the U S dollar balance sheet and keep the U S dollar as 00:07:50.000 --> 00:07:51.000 the world reserve currency, 00:07:51.000 --> 00:07:53.000 i.e. the powerhouse currency, 00:07:53.000 --> 00:07:56.000 but then back it with a hard currency like Bitcoin, 00:07:56.000 --> 00:08:01.000 it is actually the only way to stop a Weimar style event from happening here. 00:08:01.000 --> 00:08:02.000 That's my take on it though. 00:08:02.000 --> 00:08:03.000 But I don't think this, 00:08:03.000 --> 00:08:07.000 this could play directly into that because you then just re-dump all this 00:08:07.000 --> 00:08:12.000 rehypothecated gold back on everybody else and you move the Ponzi bucks into 00:08:12.000 --> 00:08:13.000 Bitcoin, 00:08:13.000 --> 00:08:18.000 but then you've actually moved the Ponzi bucks into Bitcoin and actually set 00:08:18.000 --> 00:08:20.000 the floor of Bitcoin where it should be. 00:08:20.000 --> 00:08:24.000 And so I'm actually like as a Bitcoin or this was pretty cool because it's, 00:08:24.000 --> 00:08:25.000 it's, 00:08:25.000 --> 00:08:29.000 it's a way of destroying the system without causing massive chaos. 00:08:31.000 --> 00:08:32.000 Maybe we want the chaos, 00:08:32.000 --> 00:08:33.000 but I don't know. 00:08:33.000 --> 00:08:34.000 I feel like massive chaos. 00:08:34.000 --> 00:08:35.000 No, 00:08:35.000 --> 00:08:36.000 nobody wants chaos. 00:08:36.000 --> 00:08:37.000 Um, 00:08:37.000 --> 00:08:38.000 but I didn't like, 00:08:38.000 --> 00:08:39.000 I mean, 00:08:39.000 --> 00:08:40.000 we've talked about this before. 00:08:41.000 --> 00:08:42.000 The whole Weimar thing, 00:08:42.000 --> 00:08:45.000 like there's just no chance of anything happening. 00:08:45.000 --> 00:08:48.000 Even if we continue on our own current path with, 00:08:48.000 --> 00:08:51.000 with only the technology that exists right now, 00:08:51.000 --> 00:08:53.000 there's no Weimar future. 00:08:53.000 --> 00:08:56.000 Those like that kind of system is like completely over. 00:08:56.000 --> 00:08:57.000 Now, 00:08:57.000 --> 00:08:59.000 what you're talking about is, 00:08:59.000 --> 00:09:00.000 is actually pretty interesting, 00:09:00.000 --> 00:09:03.000 but I have to spend more time thinking about it. 00:09:03.000 --> 00:09:04.000 I'm like, 00:09:04.000 --> 00:09:06.000 I'm only just saw the little note today that was like, 00:09:06.000 --> 00:09:07.000 Oh yeah, 00:09:07.000 --> 00:09:10.000 we're doing a $5 million solution. 00:09:10.000 --> 00:09:11.000 The first thing comes to mind is like, 00:09:11.000 --> 00:09:12.000 that's not enough money. 00:09:12.000 --> 00:09:16.000 You just like make it like 10 million bucks at least because the people who are 00:09:16.000 --> 00:09:17.000 interested in purchasing that, 00:09:17.000 --> 00:09:18.000 you can have five million bucks, 00:09:18.000 --> 00:09:19.000 bro. 00:09:19.000 --> 00:09:20.000 We just, 00:09:20.000 --> 00:09:21.000 they have 10 million bucks. 00:09:21.000 --> 00:09:22.000 If they have 5 million, 00:09:22.000 --> 00:09:23.000 they have 10 million. 00:09:23.000 --> 00:09:24.000 The other contingencies on it though. 00:09:24.000 --> 00:09:25.000 It's actually, 00:09:25.000 --> 00:09:26.000 that's a great, 00:09:26.000 --> 00:09:27.000 that's a great point. 00:09:27.000 --> 00:09:28.000 There's other contingencies, 00:09:28.000 --> 00:09:29.000 contingencies on it. 00:09:29.000 --> 00:09:30.000 Um, 00:09:30.000 --> 00:09:31.000 let me see if I can pull it up. 00:09:31.000 --> 00:09:32.000 I, 00:09:32.000 --> 00:09:33.000 you have to bring, 00:09:33.000 --> 00:09:35.000 it's like you pay 5 million bucks for the thing. 00:09:35.000 --> 00:09:36.000 Actually, 00:09:36.000 --> 00:09:37.000 let me see if I can just get grog to give me, 00:09:37.000 --> 00:09:41.000 what are all the stats on the Trump gold card? 00:09:45.000 --> 00:09:46.000 It's like, 00:09:46.000 --> 00:09:47.000 you have to bring, 00:09:47.000 --> 00:09:48.000 you pay 5 million bucks. 00:09:48.000 --> 00:09:51.000 You have to bring five jobs or you have, 00:09:51.000 --> 00:09:53.000 you have to create five jobs. 00:09:53.000 --> 00:09:54.000 Um, 00:09:54.000 --> 00:09:58.000 you have to do a minimum investment. 00:09:58.000 --> 00:09:59.000 So it's like the, 00:09:59.000 --> 00:10:00.000 the, 00:10:00.000 --> 00:10:01.000 it's kind of like the, 00:10:01.000 --> 00:10:02.000 the, 00:10:02.000 --> 00:10:04.000 the fee at the country club is the way I look at it. 00:10:04.000 --> 00:10:06.000 The $5 million is the fee at the country club, 00:10:06.000 --> 00:10:08.000 but it's not the entire thing. 00:10:08.000 --> 00:10:10.000 It's like 5 million bucks to, 00:10:10.000 --> 00:10:11.000 to, 00:10:11.000 --> 00:10:12.000 to join. 00:10:12.000 --> 00:10:13.000 And then, 00:10:13.000 --> 00:10:14.000 you know, 00:10:14.000 --> 00:10:15.000 you have to do, 00:10:15.000 --> 00:10:16.000 uh, 00:10:16.000 --> 00:10:17.000 so many other things that, 00:10:17.000 --> 00:10:18.000 that are super interesting. 00:10:18.000 --> 00:10:22.000 And grog is taking forever to actually get me this info. 00:10:22.000 --> 00:10:23.000 But, 00:10:23.000 --> 00:10:24.000 um, 00:10:24.000 --> 00:10:26.000 it's like thinking right now. 00:10:26.000 --> 00:10:27.000 Oh, 00:10:27.000 --> 00:10:32.000 so it's a minimum investment of $500,000. 00:10:32.000 --> 00:10:35.000 And let's see, 00:10:35.000 --> 00:10:37.000 minimum investment $500,000. 00:10:37.000 --> 00:10:40.000 And you have to create at least 10 jobs. 00:10:40.000 --> 00:10:41.000 And so, 00:10:41.000 --> 00:10:42.000 yeah, 00:10:42.000 --> 00:10:43.000 it's, 00:10:43.000 --> 00:10:45.000 it's like a bigger thing than just, 00:10:45.000 --> 00:10:46.000 um, 00:10:46.000 --> 00:10:47.000 that, 00:10:47.000 --> 00:10:48.000 and it's also merit-based. 00:10:48.000 --> 00:10:49.000 Um, 00:10:49.000 --> 00:10:50.000 so it's like all these, 00:10:50.000 --> 00:10:51.000 these simple things. 00:10:51.000 --> 00:10:57.000 Let's see. 00:10:57.000 --> 00:10:58.000 Yeah. 00:10:58.000 --> 00:10:59.000 The, 00:10:59.000 --> 00:11:00.000 the, 00:11:00.000 --> 00:11:01.000 the viewers don't care about me reading stuff, 00:11:01.000 --> 00:11:02.000 but like, 00:11:02.000 --> 00:11:03.000 that's the thing. 00:11:03.000 --> 00:11:04.000 Yeah. 00:11:04.000 --> 00:11:05.000 I was like, 00:11:05.000 --> 00:11:06.000 I'm, 00:11:06.000 --> 00:11:07.000 I need to, 00:11:07.000 --> 00:11:09.000 I need to move this to a different thing so I can actually share the screen without doxxing 00:11:09.000 --> 00:11:10.000 my name, 00:11:10.000 --> 00:11:13.000 but I'll do that for next time for next week. 00:11:13.000 --> 00:11:14.000 Um, 00:11:14.000 --> 00:11:15.000 cool. 00:11:15.000 --> 00:11:16.000 Yeah. 00:11:16.000 --> 00:11:17.000 So that was my, 00:11:17.000 --> 00:11:18.000 that was my take though on, 00:11:18.000 --> 00:11:19.000 uh, 00:11:19.000 --> 00:11:20.000 on the Fort Knox thing. 00:11:20.000 --> 00:11:24.000 Do you have any thoughts on Fort Knox theater before we jump into stack math? 00:11:24.000 --> 00:11:25.000 No, 00:11:25.000 --> 00:11:26.000 Fort Knox, 00:11:26.000 --> 00:11:27.000 it might even just be the same thing. 00:11:27.000 --> 00:11:28.000 It's like, 00:11:28.000 --> 00:11:29.000 let's make Canada a state. 00:11:29.000 --> 00:11:30.000 It's like, 00:11:30.000 --> 00:11:31.000 what does he actually want? 00:11:31.000 --> 00:11:32.000 I don't know, 00:11:32.000 --> 00:11:33.000 man. 00:11:33.000 --> 00:11:34.000 Golf of America is pretty awesome. 00:11:34.000 --> 00:11:36.000 So just going to say, 00:11:36.000 --> 00:11:37.000 yeah, 00:11:37.000 --> 00:11:38.000 but there's no consequence. 00:11:38.000 --> 00:11:39.000 No, 00:11:39.000 --> 00:11:40.000 it's like literally just, 00:11:40.000 --> 00:11:41.000 well, 00:11:41.000 --> 00:11:42.000 whatever. 00:11:42.000 --> 00:11:43.000 We're just going to change some database entries. 00:11:43.000 --> 00:11:44.000 Cool. 00:11:44.000 --> 00:11:45.000 It's not for sure. 00:11:45.000 --> 00:11:46.000 It's literally just to make people scream. 00:11:46.000 --> 00:11:47.000 It's the best. 00:11:47.000 --> 00:11:48.000 He's literally just doing it to make everybody upset. 00:11:48.000 --> 00:11:49.000 It's, 00:11:49.000 --> 00:11:50.000 uh, 00:11:50.000 --> 00:11:51.000 it's awesome. 00:11:51.000 --> 00:11:52.000 Yeah. 00:11:52.000 --> 00:11:53.000 So cool. 00:11:53.000 --> 00:11:54.000 Speaking of things that aren't going to make you upset, 00:11:54.000 --> 00:11:55.000 stack math. 00:11:55.000 --> 00:11:56.000 So tell me, 00:11:56.000 --> 00:11:57.000 I'm going to share. 00:11:57.000 --> 00:11:58.000 Yeah, 00:11:58.000 --> 00:11:59.000 you gotta, 00:11:59.000 --> 00:12:00.000 you gotta walk through it. 00:12:00.000 --> 00:12:01.000 I'm going to share my screen, 00:12:01.000 --> 00:12:02.000 but, 00:12:02.000 --> 00:12:03.000 um, 00:12:03.000 --> 00:12:04.000 for somebody who is, 00:12:04.000 --> 00:12:05.000 um, 00:12:05.000 --> 00:12:08.000 mathematically challenged like myself at times, 00:12:08.000 --> 00:12:09.000 uh, 00:12:09.000 --> 00:12:16.000 walk me through this because it looks awesome and intimidating. 00:12:16.000 --> 00:12:22.000 So you're basically looking at a visualization of a, 00:12:22.000 --> 00:12:23.000 what we're all familiar with, 00:12:23.000 --> 00:12:26.000 which is the Bitcoin drawdown calculator, 00:12:26.000 --> 00:12:27.000 um, 00:12:27.000 --> 00:12:28.000 any retirement calculator, 00:12:28.000 --> 00:12:29.000 right? 00:12:29.000 --> 00:12:30.000 Except you're looking at the, 00:12:30.000 --> 00:12:31.000 the, 00:12:31.000 --> 00:12:32.000 the visual form of that calculator. 00:12:32.000 --> 00:12:34.000 Now there's a, 00:12:34.000 --> 00:12:36.000 there's a bunch of complication, 00:12:36.000 --> 00:12:38.000 which kind of makes it a little bit more difficult to understand, 00:12:38.000 --> 00:12:40.000 which we'll go through when we do the tutorial. 00:12:40.000 --> 00:12:43.000 But just as some background noise here, 00:12:43.000 --> 00:12:44.000 um, 00:12:44.000 --> 00:12:51.000 basically every single calculator out there that I've seen, 00:12:51.000 --> 00:12:52.000 um, 00:12:53.000 --> 00:12:59.000 fails to account for ergodicity and the probability of, 00:12:59.000 --> 00:13:00.000 of events. 00:13:00.000 --> 00:13:01.000 So, 00:13:01.000 --> 00:13:04.000 and what is ergodicity? 00:13:04.000 --> 00:13:06.000 Ergodicity is like, 00:13:06.000 --> 00:13:08.000 if you have a range, 00:13:08.000 --> 00:13:10.000 like if something is ergodic, 00:13:10.000 --> 00:13:11.000 if it has the property, 00:13:11.000 --> 00:13:13.000 the property of being ergodic, 00:13:13.000 --> 00:13:16.000 it will go like you give it enough time, 00:13:16.000 --> 00:13:17.000 it will traverse every, 00:13:17.000 --> 00:13:20.000 every possible area in that range. 00:13:20.000 --> 00:13:24.000 Even if it's like has normal distribution or something like that. 00:13:24.000 --> 00:13:26.000 So ergodicity, 00:13:26.000 --> 00:13:29.000 you can think of ergodicity as like, 00:13:29.000 --> 00:13:31.000 if you give it enough time, 00:13:31.000 --> 00:13:36.000 you will see every point that's possible. 00:13:36.000 --> 00:13:38.000 Okay. 00:13:38.000 --> 00:13:39.000 Now, 00:13:39.000 --> 00:13:46.000 that's important for plotting Bitcoin because as we know, 00:13:47.000 --> 00:13:50.000 Bitcoin follows a price trajectory and it's like, 00:13:50.000 --> 00:13:53.000 that's where all the Bitcoin price models come from and everything else. 00:13:53.000 --> 00:13:56.000 But those prices are a range. 00:13:56.000 --> 00:14:00.000 They do not follow a straight line. 00:14:00.000 --> 00:14:04.000 And if you put it in a range, 00:14:04.000 --> 00:14:07.000 you should expect that the Bitcoin price travels through that range. 00:14:07.000 --> 00:14:11.000 Now I might not travel and hit every point in that range and be like truly ergodic, 00:14:11.000 --> 00:14:14.000 but if it's not traveling in the range, 00:14:14.000 --> 00:14:18.000 then your calculator is just garbage because you're just going on a straight line. 00:14:18.000 --> 00:14:19.000 And that's just, 00:14:19.000 --> 00:14:23.000 it's impossible to plan or do any drawdown on it. 00:14:23.000 --> 00:14:28.000 So it's essentially a, 00:14:28.000 --> 00:14:32.000 like a conservation of matter type or conservation of momentum type situation. 00:14:32.000 --> 00:14:33.000 Right. 00:14:33.000 --> 00:14:35.000 So it's like if I'm looking at this and this is again, 00:14:35.000 --> 00:14:38.000 just me trying to make sense of this, 00:14:38.000 --> 00:14:43.000 but it's like if you kick the ball up in the air and you know about where the, 00:14:43.000 --> 00:14:46.000 you know, is it Apogee or whatever it is that, 00:14:46.000 --> 00:14:47.000 but you know where the apex, 00:14:47.000 --> 00:14:49.000 the top most point is, 00:14:49.000 --> 00:14:54.000 it's going to come back down and bounce off of the bottom most point again. 00:14:54.000 --> 00:14:55.000 And so you can, 00:14:55.000 --> 00:15:05.000 the ergodicity is an assumption that the ball is going to bounce roughly within 00:15:05.000 --> 00:15:06.000 this range essentially. 00:15:06.000 --> 00:15:07.000 Right. 00:15:07.000 --> 00:15:09.000 That's kind of the way to think about it. 00:15:10.000 --> 00:15:11.000 Or I would, 00:15:11.000 --> 00:15:13.000 I would more like, 00:15:13.000 --> 00:15:19.000 I don't necessarily think of like a ball bouncing is the right thing because you need a container. 00:15:19.000 --> 00:15:20.000 Like, 00:15:20.000 --> 00:15:20.000 00:15:20.000 --> 00:15:22.000 You can't have ergodicity without a container. 00:15:22.000 --> 00:15:24.000 So think of like a marble, 00:15:24.000 --> 00:15:27.000 like in a box and you're just shaking the box. 00:15:27.000 --> 00:15:29.000 Like what's going to happen with that marble. 00:15:29.000 --> 00:15:30.000 It's like, 00:15:30.000 --> 00:15:32.000 it's just going to be going every single where right. 00:15:32.000 --> 00:15:34.000 Every single place it can go in the box. 00:15:34.000 --> 00:15:35.000 It's just going to be bouncing around. 00:15:35.000 --> 00:15:36.000 Now, 00:15:36.000 --> 00:15:38.000 if you bounce it around in the box for whatever, 00:15:38.000 --> 00:15:39.000 five minutes, 00:15:39.000 --> 00:15:41.000 you're going to hit 20, 00:15:41.000 --> 00:15:42.000 30, 00:15:42.000 --> 00:15:43.000 40% of the space in the box or something. 00:15:43.000 --> 00:15:44.000 Right. 00:15:44.000 --> 00:15:45.000 And like, 00:15:45.000 --> 00:15:46.000 oh, 00:15:46.000 --> 00:15:47.000 you know, 00:15:47.000 --> 00:15:48.000 not like it wasn't, 00:15:48.000 --> 00:15:52.000 it didn't hit this exact location or molecularly. 00:15:52.000 --> 00:15:53.000 It's like, 00:15:53.000 --> 00:15:56.000 it was just a little bit molecule off of this location. 00:15:56.000 --> 00:16:00.000 But if you just sit there shaking a box for whatever, 00:16:00.000 --> 00:16:01.000 10,000 years, 00:16:01.000 --> 00:16:03.000 you will hit every single possible place in the box. 00:16:03.000 --> 00:16:05.000 The marble will be every single possible place. 00:16:05.000 --> 00:16:07.000 So what you're saying is the, 00:16:07.000 --> 00:16:10.000 everyone in the world understands ergodicity. 00:16:10.000 --> 00:16:13.000 If you've ever been born in the nineties and watch this. 00:16:13.000 --> 00:16:14.000 Yes, 00:16:14.000 --> 00:16:15.000 exactly. 00:16:15.000 --> 00:16:20.000 Excellent. 00:16:20.000 --> 00:16:22.000 Now there's, 00:16:22.000 --> 00:16:24.000 there's different probabilities. 00:16:24.000 --> 00:16:25.000 Like, 00:16:25.000 --> 00:16:26.000 you know, 00:16:26.000 --> 00:16:27.000 this, 00:16:27.000 --> 00:16:30.000 this DVD screensaver has a certain path and it seems pretty defined, 00:16:31.000 --> 00:16:35.000 but if you like put probabilities on it where it's like 90% of the time, 00:16:35.000 --> 00:16:37.000 it's in the right-handed screen. 00:16:37.000 --> 00:16:40.000 But for that 10% of the time that it's on the left-hand screen, 00:16:40.000 --> 00:16:41.000 it's still there, 00:16:41.000 --> 00:16:42.000 you know, 00:16:42.000 --> 00:16:43.000 and you draw it out. 00:16:43.000 --> 00:16:44.000 You know, 00:16:44.000 --> 00:16:45.000 if you watch it for 10 minutes, 00:16:45.000 --> 00:16:46.000 you'll say like, 00:16:46.000 --> 00:16:47.000 oh, 00:16:47.000 --> 00:16:49.000 it's never going to fill up the left side of the screen because it's 00:16:49.000 --> 00:16:50.000 always on the right side of the screen. 00:16:50.000 --> 00:16:52.000 Like it doesn't matter. 00:16:52.000 --> 00:16:55.000 That is still an ergodic system. 00:16:55.000 --> 00:16:56.000 Right. 00:16:56.000 --> 00:16:57.000 Got it. 00:16:57.000 --> 00:16:59.000 So ergodicity, 00:16:59.000 --> 00:17:00.000 you know, 00:17:00.000 --> 00:17:03.000 I found out about it through to lab and either fooled by randomness or one of 00:17:03.000 --> 00:17:04.000 those other books, 00:17:04.000 --> 00:17:07.000 but that it's a, 00:17:07.000 --> 00:17:10.000 it's a fundamental principle of all sorts of systems. 00:17:10.000 --> 00:17:12.000 And if you don't follow and understand the system, 00:17:12.000 --> 00:17:13.000 well, 00:17:13.000 --> 00:17:14.000 you're not going to, 00:17:14.000 --> 00:17:17.000 you're not going to have a strong understanding of, 00:17:17.000 --> 00:17:20.000 or if you don't follow the system in terms of its actual behavior, 00:17:20.000 --> 00:17:21.000 you're not going to have a good, 00:17:21.000 --> 00:17:27.000 strong understanding of predicting what can happen next in that system. 00:17:27.000 --> 00:17:28.000 Yeah. 00:17:28.000 --> 00:17:29.000 I mean, 00:17:29.000 --> 00:17:30.000 it's just the same thing as like Tiger Woods, 00:17:30.000 --> 00:17:31.000 right? 00:17:31.000 --> 00:17:32.000 You know, 00:17:32.000 --> 00:17:35.000 if you're looking at an ergodic distribution of Tiger Woods performances, 00:17:35.000 --> 00:17:36.000 it's like, 00:17:36.000 --> 00:17:38.000 you're going to have those moments where he's sick and those moments where 00:17:38.000 --> 00:17:39.000 he's having an A plus day. 00:17:39.000 --> 00:17:41.000 And so you get to over a long enough time horizon, 00:17:41.000 --> 00:17:46.000 see all of the probabilities of he wins the masters and he, 00:17:46.000 --> 00:17:48.000 you know, 00:17:48.000 --> 00:17:52.000 cheats on his wife and is on the side of the road in handcuffs. 00:17:52.000 --> 00:17:54.000 Like you'll have all of those opportunities to see all that stuff. 00:17:54.000 --> 00:17:55.000 Right. 00:17:56.000 --> 00:17:58.000 Despite their improbabilities. 00:17:58.000 --> 00:17:59.000 Yeah. 00:18:01.000 --> 00:18:02.000 Awesome. 00:18:02.000 --> 00:18:03.000 Cool. 00:18:03.000 --> 00:18:04.000 Also Tiger Woods, 00:18:04.000 --> 00:18:05.000 I think you're fantastic, 00:18:05.000 --> 00:18:07.000 but you don't get mad at me for that. 00:18:07.000 --> 00:18:08.000 So, 00:18:08.000 --> 00:18:09.000 okay. 00:18:11.000 --> 00:18:12.000 Continue then. 00:18:12.000 --> 00:18:13.000 So, 00:18:13.000 --> 00:18:14.000 so this, 00:18:14.000 --> 00:18:15.000 yep. 00:18:15.000 --> 00:18:16.000 Let's, 00:18:16.000 --> 00:18:18.000 let's actually just do the tutorial because it really, 00:18:18.000 --> 00:18:21.000 it does answer all of these questions in sequence for the purpose of 00:18:21.000 --> 00:18:23.000 answering these questions. 00:18:23.000 --> 00:18:24.000 So anybody out there, 00:18:24.000 --> 00:18:27.000 please just do the tutorial all along. 00:18:27.000 --> 00:18:30.000 You'll be able to check it out yourself and play with, 00:18:30.000 --> 00:18:32.000 spin all the knobs and whatever. 00:18:32.000 --> 00:18:34.000 It's also just stack math that X, 00:18:34.000 --> 00:18:35.000 Y, 00:18:35.000 --> 00:18:37.000 Z is the address if you want to do it. 00:18:37.000 --> 00:18:42.000 So I cannot read it on that super small screen over there. 00:18:42.000 --> 00:18:43.000 Yeah. 00:18:43.000 --> 00:18:44.000 Maybe we don't, 00:18:44.000 --> 00:18:45.000 maybe let's just run one actually, 00:18:45.000 --> 00:18:47.000 because maybe instead of doing the full tutorial, 00:18:47.000 --> 00:18:50.000 because people can just kind of run that on their own. 00:18:50.000 --> 00:18:54.000 What if we just kind of like ran a scenario of like, 00:18:54.000 --> 00:18:55.000 I'll just give you my scenario, 00:18:55.000 --> 00:18:56.000 right? 00:18:56.000 --> 00:18:57.000 And it's, 00:18:57.000 --> 00:18:58.000 you know, 00:18:58.000 --> 00:19:00.000 I won't use my exact scenario, 00:19:00.000 --> 00:19:02.000 but let's just say let's run, 00:19:02.000 --> 00:19:04.000 let's run the American huddle scenario, 00:19:04.000 --> 00:19:05.000 right? 00:19:05.000 --> 00:19:06.000 The 6.125, 00:19:06.000 --> 00:19:09.000 the perfect amount of Bitcoin scenario. 00:19:09.000 --> 00:19:10.000 Oh, 00:19:10.000 --> 00:19:11.000 6.125. 00:19:11.000 --> 00:19:17.000 So if I am American huddle and I have my perfect 6.125, 00:19:17.000 --> 00:19:19.000 I'm on a Bitcoin. 00:19:19.000 --> 00:19:20.000 Now what? 00:19:20.000 --> 00:19:24.000 So I put in the amount of Bitcoin that I have. 00:19:24.000 --> 00:19:25.000 Where, 00:19:25.000 --> 00:19:26.000 where do we go next? 00:19:26.000 --> 00:19:27.000 Okay. 00:19:27.000 --> 00:19:32.000 So you can click on, 00:19:32.000 --> 00:19:34.000 so live off Bitcoin on the bottom. 00:19:34.000 --> 00:19:35.000 Yeah. 00:19:35.000 --> 00:19:38.000 Click on that. 00:19:38.000 --> 00:19:41.000 Now this is your retirement drawdown. 00:19:41.000 --> 00:19:42.000 Essentially, 00:19:42.000 --> 00:19:46.000 this says that in 2033, 00:19:46.000 --> 00:19:50.000 you are going to start spending a hundred thousand dollars worth of, 00:19:50.000 --> 00:19:54.000 of your Bitcoin every year in perpetuity. 00:19:54.000 --> 00:20:00.000 And what's important about that number is that, 00:20:00.000 --> 00:20:02.000 Oh, 00:20:02.000 --> 00:20:05.000 one thing you need to know rather is that it's inflation adjusted. 00:20:05.000 --> 00:20:08.000 So it's not actually a hundred thousand dollars. 00:20:08.000 --> 00:20:11.000 It's whatever the inflation adjusted amount, 00:20:11.000 --> 00:20:15.000 assuming 8% inflation between now and then. 00:20:15.000 --> 00:20:17.000 So it's a hundred thousand dollars of real money today. 00:20:17.000 --> 00:20:18.000 Like, 00:20:18.000 --> 00:20:23.000 so if you expect that inflation would be 8% every year for the next, 00:20:23.000 --> 00:20:25.000 whatever that is, 00:20:25.000 --> 00:20:26.000 eight years, 00:20:26.000 --> 00:20:32.000 then that is the amount of money you will be spending down per year. 00:20:32.000 --> 00:20:35.000 So it's considerably above a hundred thousand dollars, 00:20:35.000 --> 00:20:37.000 especially 8%. 00:20:37.000 --> 00:20:38.000 Right. 00:20:38.000 --> 00:20:39.000 So it's probably like 200, 00:20:39.000 --> 00:20:40.000 230, 00:20:40.000 --> 00:20:41.000 something like that. 00:20:41.000 --> 00:20:43.000 Okay. 00:20:43.000 --> 00:20:44.000 So that's what it is. 00:20:44.000 --> 00:20:46.000 So now if you close that. 00:20:46.000 --> 00:20:47.000 Yep. 00:20:47.000 --> 00:20:48.000 Sorry, 00:20:48.000 --> 00:21:02.000 I have to name it correctly. 00:21:02.000 --> 00:21:03.000 Okay. 00:21:03.000 --> 00:21:06.000 So for HODL's perfect amount of Bitcoin drawdown. 00:21:06.000 --> 00:21:07.000 Right. 00:21:07.000 --> 00:21:12.000 So for HODL's perfect amount of Bitcoin drawdown starting in 2033, 00:21:13.000 --> 00:21:15.000 if that's your retirement date, 00:21:15.000 --> 00:21:16.000 and then you go, 00:21:16.000 --> 00:21:19.000 you drag your mouse to the end of the graph. 00:21:19.000 --> 00:21:23.000 You can see where the dotted green line ends. 00:21:23.000 --> 00:21:25.000 And that number is. 00:21:25.000 --> 00:21:27.000 4.05. 00:21:27.000 --> 00:21:28.000 4.05. 00:21:28.000 --> 00:21:30.000 So that is the, 00:21:30.000 --> 00:21:32.000 that is the 50th percentile. 00:21:32.000 --> 00:21:39.000 So that is the percentile amount left that you have in your life. 00:21:39.000 --> 00:21:43.000 It's the most likely outcome. 00:21:43.000 --> 00:21:44.000 Got it. 00:21:44.000 --> 00:21:45.000 So the most likely outcome. 00:21:45.000 --> 00:21:46.000 Yes. 00:21:46.000 --> 00:21:47.000 Yep. 00:21:47.000 --> 00:21:48.000 And so that's the most likely outcome. 00:21:48.000 --> 00:21:50.000 Assuming like, 00:21:50.000 --> 00:21:52.000 if you put like a death date on this, 00:21:52.000 --> 00:21:53.000 or do you put, 00:21:53.000 --> 00:21:54.000 I guess end date is optional. 00:21:54.000 --> 00:21:55.000 Got it. 00:21:55.000 --> 00:21:56.000 So I can put an end date in here. 00:21:56.000 --> 00:21:57.000 It's like, 00:21:57.000 --> 00:21:58.000 you know, 00:21:58.000 --> 00:21:59.000 let's assume you want to go to, 00:21:59.000 --> 00:22:02.000 I plan to live to be a hundred. 00:22:02.000 --> 00:22:07.000 And I plan to live to see the final block mind. 00:22:07.000 --> 00:22:08.000 That's my, 00:22:08.000 --> 00:22:09.000 my goal. 00:22:09.000 --> 00:22:10.000 So if we're going to, 00:22:10.000 --> 00:22:11.000 you know, 00:22:11.000 --> 00:22:12.000 140. 00:22:12.000 --> 00:22:13.000 Yep. 00:22:13.000 --> 00:22:14.000 So. 00:22:14.000 --> 00:22:16.000 2140. 00:22:16.000 --> 00:22:18.000 As the last date. 00:22:18.000 --> 00:22:21.000 I don't know if you can even go that long. 00:22:21.000 --> 00:22:23.000 So you have to go click on model. 00:22:23.000 --> 00:22:25.000 Nice. 00:22:25.000 --> 00:22:26.000 It's just going to be way better. 00:22:26.000 --> 00:22:27.000 If we do the tutorial, 00:22:27.000 --> 00:22:28.000 man. 00:22:28.000 --> 00:22:29.000 Okay. 00:22:29.000 --> 00:22:31.000 But this is, 00:22:31.000 --> 00:22:32.000 this is, 00:22:32.000 --> 00:22:33.000 this is good. 00:22:34.000 --> 00:22:42.000 And then you have to increase the Epoch count to like 30 or something. 00:22:42.000 --> 00:22:43.000 Didn't even get to 30. 00:22:43.000 --> 00:22:44.000 Yeah, 00:22:44.000 --> 00:22:45.000 it does. 00:22:45.000 --> 00:22:46.000 We do get there. 00:22:46.000 --> 00:22:47.000 Okay. 00:22:47.000 --> 00:22:48.000 So yeah, 00:22:48.000 --> 00:22:49.000 you got to increase the Epoch count to 30. 00:22:49.000 --> 00:22:50.000 Got it. 00:22:50.000 --> 00:22:51.000 Oh yeah. 00:22:51.000 --> 00:22:52.000 Perfect. 00:22:52.000 --> 00:22:54.000 Puts us to 140 years or 20, 00:22:54.000 --> 00:22:55.000 2140. 00:22:55.000 --> 00:23:02.000 And then there you can see it is. 00:23:02.000 --> 00:23:03.000 Yeah. 00:23:03.000 --> 00:23:05.000 Cause this assumes then at that point in time. 00:23:05.000 --> 00:23:07.000 I died. 00:23:07.000 --> 00:23:09.000 What dates did you die? 00:23:09.000 --> 00:23:10.000 Yeah. 00:23:10.000 --> 00:23:11.000 2063. 00:23:11.000 --> 00:23:12.000 So I died in 2064. 00:23:12.000 --> 00:23:13.000 Yeah. 00:23:13.000 --> 00:23:14.000 Cause if I died, 00:23:14.000 --> 00:23:15.000 I'm not going to be spending any more Bitcoin. 00:23:15.000 --> 00:23:16.000 So that makes sense. 00:23:16.000 --> 00:23:20.000 So if I got to see where you were user testing, 00:23:20.000 --> 00:23:23.000 we're testing for the fringe user. 00:23:23.000 --> 00:23:24.000 That's going to break my, 00:23:24.000 --> 00:23:25.000 break my system. 00:23:25.000 --> 00:23:26.000 Okay. 00:23:26.000 --> 00:23:29.000 If I lived until the last block, 00:23:29.000 --> 00:23:34.000 I would still theoretically have 1.61 Bitcoin left. 00:23:38.000 --> 00:23:39.000 Let's see. 00:23:39.000 --> 00:23:41.000 6.15. 00:23:41.000 --> 00:23:42.000 Yeah. 00:23:42.000 --> 00:23:46.000 I have 1.625 left. 00:23:46.000 --> 00:23:48.000 So I would argue. 00:23:48.000 --> 00:23:50.000 Hoddle's right. 00:23:50.000 --> 00:23:53.000 6.125 is, 00:23:53.000 --> 00:23:58.000 is the perfect amount of Bitcoin because you literally will have Bitcoin or 00:23:58.000 --> 00:24:03.000 your family should have Bitcoin up until the point when the last block is 00:24:03.000 --> 00:24:04.000 mined. 00:24:04.000 --> 00:24:09.000 And we just get into the fee subsidy area or the fee fee on the era. 00:24:10.000 --> 00:24:12.000 And this is also keep in mind, 00:24:12.000 --> 00:24:14.000 you'll see how it's like a S shaped drawdown. 00:24:14.000 --> 00:24:15.000 Yep. 00:24:15.000 --> 00:24:22.000 That's because the 8% inflation is at a hundred years from now, 00:24:22.000 --> 00:24:23.000 8% inflation. 00:24:23.000 --> 00:24:27.000 Like you're talking about the whatever that is. 00:24:28.000 --> 00:24:29.000 Yeah. 00:24:29.000 --> 00:24:31.000 A hundred years from now is a hundred or whatever. 00:24:31.000 --> 00:24:32.000 Yeah. 00:24:32.000 --> 00:24:37.000 One Bitcoin is worth $5 trillion or $13 trillion. 00:24:37.000 --> 00:24:38.000 It's just, 00:24:38.000 --> 00:24:39.000 yeah. 00:24:39.000 --> 00:24:41.000 $10 trillion. 00:24:41.000 --> 00:24:42.000 Yeah. 00:24:42.000 --> 00:24:43.000 But you see that the escape, 00:24:43.000 --> 00:24:45.000 the S shape, 00:24:45.000 --> 00:24:53.000 because the inflation at 8% inflation that outstrips Bitcoin's logarithmic growth, 00:24:53.000 --> 00:24:54.000 which is, 00:24:54.000 --> 00:24:56.000 we're using the power law model here. 00:24:56.000 --> 00:25:02.000 So exponential growth outstrips logarithmic growth on a long enough timeline. 00:25:02.000 --> 00:25:03.000 Consequently, 00:25:03.000 --> 00:25:04.000 the, 00:25:04.000 --> 00:25:05.000 you know, 00:25:05.000 --> 00:25:06.000 in the middle, 00:25:06.000 --> 00:25:07.000 it starts to get flat. 00:25:07.000 --> 00:25:08.000 Like, 00:25:08.000 --> 00:25:09.000 oh yeah, 00:25:09.000 --> 00:25:10.000 we're going to survive this. 00:25:10.000 --> 00:25:12.000 But then inflation catches up and it just like takes it. 00:25:12.000 --> 00:25:13.000 Oh, 00:25:13.000 --> 00:25:14.000 interesting. 00:25:14.000 --> 00:25:15.000 Okay. 00:25:15.000 --> 00:25:16.000 So let's, 00:25:16.000 --> 00:25:17.000 let's actually just tweak this though to be more, 00:25:17.000 --> 00:25:18.000 more correct. 00:25:18.000 --> 00:25:19.000 So if we're going to do, 00:25:19.000 --> 00:25:20.000 you know, 00:25:20.000 --> 00:25:22.000 the number of epochs that's for like a normal human. 00:25:22.000 --> 00:25:24.000 So 10 is where you had it before. 00:25:24.000 --> 00:25:25.000 Let's even just do, 00:25:25.000 --> 00:25:26.000 you know, 00:25:26.000 --> 00:25:28.000 let's do, 00:25:28.000 --> 00:25:30.000 you know, 00:25:30.000 --> 00:25:31.000 64 years. 00:25:31.000 --> 00:25:32.000 Let's do 16 epochs. 00:25:32.000 --> 00:25:33.000 Um, 00:25:33.000 --> 00:25:36.000 so power law, 00:25:36.000 --> 00:25:41.000 is that the one that plan B popularized? 00:25:41.000 --> 00:25:42.000 Uh, 00:25:42.000 --> 00:25:43.000 no, 00:25:43.000 --> 00:25:45.000 I think plan B is talk to flow. 00:25:45.000 --> 00:25:47.000 So power law is the, 00:25:47.000 --> 00:25:49.000 I forget the guy's name. 00:25:49.000 --> 00:25:52.000 The guy markets himself, 00:25:52.000 --> 00:25:54.000 styles himself a mathematician. 00:25:54.000 --> 00:25:57.000 So we have power law, 00:25:57.000 --> 00:25:59.000 power law support, 00:25:59.000 --> 00:26:00.000 which is just, 00:26:00.000 --> 00:26:01.000 it's just another power law. 00:26:01.000 --> 00:26:02.000 Um, 00:26:02.000 --> 00:26:03.000 rainbow chart, 00:26:03.000 --> 00:26:04.000 which is the famous rainbow chart. 00:26:04.000 --> 00:26:09.000 And then Kager stock to flow rate fit and stock to flow and historic. 00:26:09.000 --> 00:26:15.000 So historic is just taking the highs and the lows of every Bitcoin, 00:26:15.000 --> 00:26:16.000 uh, 00:26:16.000 --> 00:26:19.000 of actual ever of every actual Bitcoin recorded price, 00:26:19.000 --> 00:26:20.000 just applying that to the, 00:26:20.000 --> 00:26:21.000 um, 00:26:21.000 --> 00:26:22.000 uh, 00:26:22.000 --> 00:26:26.000 the having where, 00:26:26.000 --> 00:26:27.000 where it happened in the having, 00:26:27.000 --> 00:26:28.000 Oh, 00:26:28.000 --> 00:26:29.000 interesting. 00:26:29.000 --> 00:26:30.000 So let's actually look at that one for a second. 00:26:30.000 --> 00:26:33.000 Cause I'm actually very curious to do this one. 00:26:33.000 --> 00:26:37.000 Let me actually move this to less obnoxious. 00:26:37.000 --> 00:26:41.000 So let's do 21 or 20, 00:26:41.000 --> 00:26:44.000 2100. 00:26:44.000 --> 00:26:45.000 Sure. 00:26:45.000 --> 00:26:48.000 Okay. 00:26:49.000 --> 00:26:55.000 Why is this crazy? 00:26:55.000 --> 00:26:56.000 Cause this, 00:26:56.000 --> 00:26:57.000 this looks like Weimar in my opinion, 00:26:57.000 --> 00:27:01.000 like this is like Weimar level inflation when you're just doing historic. 00:27:01.000 --> 00:27:02.000 Yeah. 00:27:02.000 --> 00:27:03.000 So, 00:27:03.000 --> 00:27:04.000 but you can see, 00:27:04.000 --> 00:27:05.000 you look at the historic, 00:27:05.000 --> 00:27:07.000 like the first 15 years of Bitcoin, 00:27:07.000 --> 00:27:08.000 it's, 00:27:08.000 --> 00:27:09.000 it's like rounding out. 00:27:09.000 --> 00:27:13.000 So the reason this graph looks like this is because it's just applying, 00:27:13.000 --> 00:27:14.000 well, 00:27:14.000 --> 00:27:16.000 year one or epoch one, 00:27:16.000 --> 00:27:17.000 it was like, 00:27:17.000 --> 00:27:18.000 whatever, 00:27:18.000 --> 00:27:19.000 200 category or whatever. 00:27:19.000 --> 00:27:20.000 Right. 00:27:20.000 --> 00:27:21.000 Yeah. 00:27:21.000 --> 00:27:23.000 And then it's just like adding that to, 00:27:23.000 --> 00:27:24.000 you know, 00:27:24.000 --> 00:27:25.000 indefinitely. 00:27:25.000 --> 00:27:26.000 Cause that would be the top of the channel. 00:27:26.000 --> 00:27:29.000 And then it's taking like year or, 00:27:29.000 --> 00:27:30.000 uh, 00:27:30.000 --> 00:27:32.000 epoch or current epoch. 00:27:32.000 --> 00:27:33.000 Okay. 00:27:33.000 --> 00:27:34.000 Forward. 00:27:34.000 --> 00:27:35.000 Um, 00:27:35.000 --> 00:27:39.000 and it's just making that the bottom of the channel. 00:27:39.000 --> 00:27:43.000 So the consequences there is that the top of the chip, 00:27:43.000 --> 00:27:48.000 the top of the channel is at 200 category and the bottom is whatever, 00:27:48.000 --> 00:27:49.000 30 category. 00:27:49.000 --> 00:27:50.000 Got it. 00:27:50.000 --> 00:27:51.000 Got it. 00:27:51.000 --> 00:27:52.000 Got it. 00:27:52.000 --> 00:27:53.000 So yeah, 00:27:53.000 --> 00:27:57.000 like the top of this channel or the bottom of this channel is million, 00:27:57.000 --> 00:27:58.000 billion, 00:27:58.000 --> 00:27:59.000 trillion, 00:27:59.000 --> 00:28:00.000 zillion, 00:28:00.000 --> 00:28:01.000 one past zillion, 00:28:01.000 --> 00:28:02.000 whatever that is. 00:28:02.000 --> 00:28:04.000 And then the top of this channel is, 00:28:04.000 --> 00:28:05.000 I don't even know. 00:28:05.000 --> 00:28:06.000 Yeah. 00:28:06.000 --> 00:28:07.000 It's, 00:28:07.000 --> 00:28:08.000 it's honestly, 00:28:08.000 --> 00:28:09.000 it like, 00:28:09.000 --> 00:28:10.000 it just completely breaks down. 00:28:10.000 --> 00:28:11.000 It makes no sense to use it. 00:28:11.000 --> 00:28:12.000 Um, 00:28:12.000 --> 00:28:14.000 unless you just want to use, 00:28:14.000 --> 00:28:15.000 so it's presently set to, 00:28:15.000 --> 00:28:16.000 if you do, 00:28:16.000 --> 00:28:17.000 um, 00:28:17.000 --> 00:28:19.000 historic and you have it at two, 00:28:19.000 --> 00:28:23.000 like it can be interesting when you bring it down to like, 00:28:23.000 --> 00:28:24.000 uh, 00:28:24.000 --> 00:28:25.000 worry too. 00:28:25.000 --> 00:28:26.000 When we get to more, 00:28:26.000 --> 00:28:27.000 when we get to more, 00:28:27.000 --> 00:28:28.000 um, 00:28:28.000 --> 00:28:29.000 epochs, 00:28:29.000 --> 00:28:32.000 then it's going to be more interesting because you'll start to see like, 00:28:32.000 --> 00:28:33.000 oh, 00:28:33.000 --> 00:28:34.000 okay. 00:28:34.000 --> 00:28:35.000 At this point in the channel, 00:28:35.000 --> 00:28:37.000 at this point in the having cycle, 00:28:37.000 --> 00:28:40.000 like the price is higher or the price is lower. 00:28:40.000 --> 00:28:41.000 Right. 00:28:41.000 --> 00:28:42.000 You actually, 00:28:42.000 --> 00:28:44.000 you actually be able to see the channel as it, 00:28:44.000 --> 00:28:46.000 as it builds throughout. 00:28:46.000 --> 00:28:47.000 Got it. 00:28:47.000 --> 00:28:48.000 Got it. 00:28:48.000 --> 00:28:49.000 80 years. 00:28:49.000 --> 00:28:55.000 So let's just assume that I do have this 6.125 though. 00:28:55.000 --> 00:28:56.000 And I'm just, 00:28:56.000 --> 00:28:59.000 or actually let's assume there's somebody who's just starting now and you 00:28:59.000 --> 00:29:00.000 have one Bitcoin. 00:29:00.000 --> 00:29:01.000 Let's even just do that. 00:29:01.000 --> 00:29:02.000 All right. 00:29:02.000 --> 00:29:03.000 Now let's finish the, 00:29:03.000 --> 00:29:04.000 let's finish the huddle example. 00:29:04.000 --> 00:29:05.000 Next one, 00:29:05.000 --> 00:29:06.000 one, 00:29:06.000 --> 00:29:07.000 two, 00:29:07.000 --> 00:29:08.000 five, 00:29:08.000 --> 00:29:09.000 not 16, 00:29:09.000 --> 00:29:10.000 six, 00:29:10.000 --> 00:29:11.000 oh, 00:29:11.000 --> 00:29:12.000 come on. 00:29:12.000 --> 00:29:13.000 Okay. 00:29:13.000 --> 00:29:14.000 There we go. 00:29:14.000 --> 00:29:15.000 Um, 00:29:15.000 --> 00:29:24.000 and let's get this into like a stock to flow type situation. 00:29:24.000 --> 00:29:25.000 What's the refit by the way? 00:29:25.000 --> 00:29:26.000 2024 refit. 00:29:26.000 --> 00:29:28.000 Like they just kind of read it. 00:29:28.000 --> 00:29:30.000 They just redid it for 2024. 00:29:30.000 --> 00:29:31.000 Got it. 00:29:31.000 --> 00:29:32.000 Come on, 00:29:32.000 --> 00:29:33.000 zoom out. 00:29:33.000 --> 00:29:34.000 Don't go, 00:29:34.000 --> 00:29:35.000 don't go bananas on me. 00:29:35.000 --> 00:29:36.000 Okay. 00:29:36.000 --> 00:29:37.000 Um, 00:29:38.000 --> 00:29:40.000 this all makes sense, 00:29:40.000 --> 00:29:41.000 but what, 00:29:41.000 --> 00:29:43.000 what are the different like walk strategies? 00:29:43.000 --> 00:29:44.000 So these are the, 00:29:44.000 --> 00:29:45.000 um, 00:29:45.000 --> 00:29:46.000 yeah. 00:29:46.000 --> 00:29:47.000 So, 00:29:47.000 --> 00:29:49.000 as you're talking about before with it, 00:29:49.000 --> 00:29:50.000 the ergodicity. 00:29:50.000 --> 00:29:54.000 So when you're shaking the box and then like, 00:29:54.000 --> 00:29:55.000 if you're shaking a box, 00:29:55.000 --> 00:29:56.000 but like, 00:29:56.000 --> 00:29:57.000 you can't like, 00:29:57.000 --> 00:29:58.000 it just doesn't, 00:29:58.000 --> 00:30:01.000 you put padding on one side of the box and like slowly it's away the padding, 00:30:01.000 --> 00:30:02.000 but it's like going crazy. 00:30:02.000 --> 00:30:03.000 And the other side of the box, 00:30:03.000 --> 00:30:05.000 that's basically what the walk strategy is. 00:30:06.000 --> 00:30:07.000 Um, 00:30:07.000 --> 00:30:08.000 now there's, 00:30:08.000 --> 00:30:10.000 there's a thousand different ways you can do that, 00:30:10.000 --> 00:30:12.000 but essentially if you, 00:30:12.000 --> 00:30:14.000 you can actually see all the walk strategies, 00:30:14.000 --> 00:30:17.000 the best by setting the volatility to zero. 00:30:17.000 --> 00:30:19.000 So when you set the volatility to zero, 00:30:19.000 --> 00:30:20.000 you actually see the pattern, 00:30:20.000 --> 00:30:21.000 like the walk pattern. 00:30:21.000 --> 00:30:22.000 If there's no volatility, 00:30:22.000 --> 00:30:24.000 you're not like actually shaking the box. 00:30:24.000 --> 00:30:25.000 And it's, 00:30:25.000 --> 00:30:28.000 it's very ugly on stock to flow because the, 00:30:28.000 --> 00:30:31.000 the ups in or because of the nature of the channel. 00:30:31.000 --> 00:30:32.000 Um, 00:30:32.000 --> 00:30:34.000 so it's better to just do it on like, 00:30:34.000 --> 00:30:35.000 um, 00:30:35.000 --> 00:30:38.000 not stock to flow anything to stock and not historically. 00:30:38.000 --> 00:30:39.000 Yeah. 00:30:39.000 --> 00:30:40.000 So yeah, 00:30:40.000 --> 00:30:41.000 there you go. 00:30:42.000 --> 00:30:45.000 So sign pattern goes up like just like a sign wave, 00:30:45.000 --> 00:30:46.000 um, 00:30:46.000 --> 00:30:48.000 three red or three green, 00:30:48.000 --> 00:30:49.000 one red, 00:30:49.000 --> 00:30:50.000 you know, 00:30:50.000 --> 00:30:51.000 three years up, 00:30:51.000 --> 00:30:52.000 one year down, 00:30:52.000 --> 00:30:53.000 three years up, 00:30:53.000 --> 00:30:54.000 one year down. 00:30:57.000 --> 00:30:58.000 Yeah. 00:30:58.000 --> 00:30:59.000 Interesting. 00:31:00.000 --> 00:31:01.000 Yeah, 00:31:01.000 --> 00:31:02.000 it's cool. 00:31:02.000 --> 00:31:03.000 It's, 00:31:03.000 --> 00:31:06.000 it's a lot of information I think for like for myself or probably for most 00:31:06.000 --> 00:31:08.000 people to digest, 00:31:08.000 --> 00:31:09.000 but like, 00:31:09.000 --> 00:31:10.000 let's say, 00:31:10.000 --> 00:31:11.000 you know, 00:31:11.000 --> 00:31:12.000 what, 00:31:12.000 --> 00:31:15.000 what would you say if you had the huddles perfect amount of Bitcoin, 00:31:15.000 --> 00:31:20.000 what would be the most realistic based on your assumptions? 00:31:20.000 --> 00:31:21.000 Like, 00:31:21.000 --> 00:31:22.000 where would you build your model? 00:31:22.000 --> 00:31:23.000 And I'm sure you have it in the tutorial, 00:31:23.000 --> 00:31:24.000 but I'm just kind of curious, 00:31:24.000 --> 00:31:25.000 like, 00:31:25.000 --> 00:31:26.000 what, 00:31:26.000 --> 00:31:27.000 what would you build? 00:31:27.000 --> 00:31:28.000 And like, 00:31:28.000 --> 00:31:29.000 what would you, 00:31:30.000 --> 00:31:31.000 I mean, 00:31:32.000 --> 00:31:34.000 so at 6.125 Bitcoin, 00:31:34.000 --> 00:31:39.000 like just look at live off Bitcoin annual amount, 00:31:39.000 --> 00:31:40.000 a hundred thousand, 00:31:40.000 --> 00:31:42.000 and then just set it to today and see if. 00:31:44.000 --> 00:31:47.000 Would you do power law or would you do cigar? 00:31:47.000 --> 00:31:48.000 Which of the, 00:31:48.000 --> 00:31:48.000 00:31:48.000 --> 00:31:49.000 models would you use? 00:31:50.000 --> 00:31:51.000 Oh, 00:31:51.000 --> 00:31:52.000 that's just, 00:31:52.000 --> 00:31:53.000 what's your, 00:31:53.000 --> 00:31:54.000 what's your favorite model parallel? 00:31:54.000 --> 00:31:55.000 Okay. 00:31:55.000 --> 00:31:56.000 And the support line or regression? 00:31:57.000 --> 00:31:58.000 Uh, 00:31:58.000 --> 00:31:59.000 it doesn't matter. 00:31:59.000 --> 00:32:00.000 Okay. 00:32:00.000 --> 00:32:01.000 Both are essentially the same. 00:32:01.000 --> 00:32:02.000 Got it. 00:32:02.000 --> 00:32:04.000 Volatility one or volatility? 00:32:04.000 --> 00:32:05.000 No. 00:32:05.000 --> 00:32:06.000 Yeah. 00:32:06.000 --> 00:32:07.000 Volatility. 00:32:07.000 --> 00:32:08.000 Yeah. 00:32:08.000 --> 00:32:09.000 Volatility one. 00:32:09.000 --> 00:32:10.000 Sorry. 00:32:10.000 --> 00:32:11.000 Okay. 00:32:11.000 --> 00:32:12.000 So volatility one. 00:32:13.000 --> 00:32:14.000 Um, 00:32:14.000 --> 00:32:15.000 okay. 00:32:15.000 --> 00:32:20.000 So volatility one and then effective date today to save. 00:32:22.000 --> 00:32:23.000 Boom. 00:32:23.000 --> 00:32:24.000 All right. 00:32:26.000 --> 00:32:27.000 Oh, 00:32:27.000 --> 00:32:28.000 you got, 00:32:28.000 --> 00:32:29.000 uh, 00:32:29.000 --> 00:32:30.000 what are your settings? 00:32:30.000 --> 00:32:31.000 I mean, 00:32:31.000 --> 00:32:32.000 it's crazy. 00:32:32.000 --> 00:32:34.000 So my settings are a walk, 00:32:34.000 --> 00:32:37.000 strange momentum bubble. 00:32:38.000 --> 00:32:39.000 And so it's, 00:32:39.000 --> 00:32:40.000 it's power law, 00:32:40.000 --> 00:32:41.000 regression, 00:32:41.000 --> 00:32:42.000 median bubble, 00:32:42.000 --> 00:32:43.000 volatility, 00:32:43.000 --> 00:32:44.000 one, 00:32:44.000 --> 00:32:47.000 16 epochs and sample count is a thousand. 00:32:49.000 --> 00:32:50.000 All right. 00:32:53.000 --> 00:32:54.000 Why is it so crazy? 00:32:55.000 --> 00:32:56.000 I don't know, 00:32:56.000 --> 00:32:57.000 man. 00:32:57.000 --> 00:32:58.000 I broke it. 00:32:59.000 --> 00:33:00.000 I broke it. 00:33:00.000 --> 00:33:01.000 6.125. 00:33:01.000 --> 00:33:02.000 Let's go see. 00:33:02.000 --> 00:33:03.000 Let's see. 00:33:03.000 --> 00:33:04.000 We're right here. 00:33:04.000 --> 00:33:05.000 So, 00:33:05.000 --> 00:33:06.000 um, 00:33:06.000 --> 00:33:10.000 active a hundred thousand expenses. 00:33:10.000 --> 00:33:13.000 Effective date is today and day optional. 00:33:16.000 --> 00:33:23.000 So all of these assume it's super. 00:33:24.000 --> 00:33:25.000 This is like, 00:33:25.000 --> 00:33:26.000 not even, 00:33:26.000 --> 00:33:27.000 not even, 00:33:27.000 --> 00:33:28.000 uh, 00:33:28.000 --> 00:33:29.000 readable. 00:33:29.000 --> 00:33:30.000 I just refresh. 00:33:30.000 --> 00:33:31.000 Maybe there's something wrong. 00:33:31.000 --> 00:33:32.000 Maybe there's a bug in there. 00:33:32.000 --> 00:33:33.000 Let's refresh. 00:33:33.000 --> 00:33:35.000 Let's see if it'll let me refresh the page. 00:33:35.000 --> 00:33:36.000 Nice. 00:33:36.000 --> 00:33:37.000 Okay. 00:33:37.000 --> 00:33:38.000 So then, 00:33:38.000 --> 00:33:39.000 yeah, 00:33:39.000 --> 00:33:40.000 let's reset to 6.15. 00:33:40.000 --> 00:33:41.000 I mean, 00:33:41.000 --> 00:33:42.000 this is the setting that I like, 00:33:42.000 --> 00:33:45.000 just keep it at the default setting because it's, 00:33:45.000 --> 00:33:47.000 I put it at the default. 00:33:47.000 --> 00:33:50.000 Cause this would be the one that like makes the most sense to me. 00:33:50.000 --> 00:33:51.000 And then I can just, 00:33:51.000 --> 00:33:53.000 I don't have to worry about setting the model. 00:33:53.000 --> 00:33:54.000 Got it. 00:33:54.000 --> 00:33:55.000 Got it. 00:33:55.000 --> 00:33:56.000 Um, 00:33:56.000 --> 00:33:57.000 but yeah, 00:33:57.000 --> 00:33:58.000 reset the dates to today. 00:33:58.000 --> 00:33:59.000 Okay. 00:33:59.000 --> 00:34:00.000 So come on here. 00:34:02.000 --> 00:34:04.000 Live off of Bitcoin starting today. 00:34:04.000 --> 00:34:05.000 Safe. 00:34:05.000 --> 00:34:06.000 Boom. 00:34:06.000 --> 00:34:07.000 Okay. 00:34:07.000 --> 00:34:08.000 There we go. 00:34:08.000 --> 00:34:09.000 Okay. 00:34:09.000 --> 00:34:15.000 So what this essentially means is if you just started drawing down and you were paying, 00:34:15.000 --> 00:34:17.000 and it's a hundred thousand dollars a year, 00:34:17.000 --> 00:34:18.000 right? 00:34:18.000 --> 00:34:19.000 Yeah. 00:34:20.000 --> 00:34:21.000 Um, 00:34:23.000 --> 00:34:31.000 theoretically this says you should get to 2064 with 0.3 Bitcoin. 00:34:32.000 --> 00:34:33.000 Yeah. 00:34:33.000 --> 00:34:34.000 Got it. 00:34:34.000 --> 00:34:35.000 Yep. 00:34:35.000 --> 00:34:36.000 But that's again, 00:34:36.000 --> 00:34:37.000 on average. 00:34:37.000 --> 00:34:39.000 And then if you look at the top of the, 00:34:39.000 --> 00:34:40.000 the chart, 00:34:40.000 --> 00:34:42.000 you're the highest, 00:34:42.000 --> 00:34:44.000 like it basically tracks. 00:34:45.000 --> 00:34:46.000 Uh, 00:34:46.000 --> 00:34:47.000 yeah, 00:34:47.000 --> 00:34:51.000 basically tracks the price and then draws down according to whatever the price is. 00:34:51.000 --> 00:34:55.000 When you do that sale on that day for a thousand samples. 00:34:55.000 --> 00:34:58.000 And so on some of those samples and the price, 00:34:58.000 --> 00:35:01.000 the price itself will be like way higher. 00:35:01.000 --> 00:35:03.000 And so when you're selling it, 00:35:03.000 --> 00:35:05.000 a hundred thousand dollars worth adjusted for inflation, 00:35:05.000 --> 00:35:07.000 you are selling way less Bitcoin. 00:35:07.000 --> 00:35:10.000 And so you have this range that develops. 00:35:10.000 --> 00:35:12.000 And at the top of that range, 00:35:12.000 --> 00:35:16.000 you have the maximum of 1.7 Bitcoin left at the bottom, 00:35:16.000 --> 00:35:18.000 the minimum of that range, 00:35:18.000 --> 00:35:23.000 you will run out of Bitcoin in 2047, 00:35:23.000 --> 00:35:29.000 as opposed to it lasting for the duration until 2061. 00:35:29.000 --> 00:35:30.000 Got it. 00:35:30.000 --> 00:35:31.000 Got it. 00:35:31.000 --> 00:35:32.000 Got it. 00:35:32.000 --> 00:35:33.000 That makes sense. 00:35:33.000 --> 00:35:36.000 So it would be interesting as a, 00:35:36.000 --> 00:35:38.000 from a user perspective. 00:35:39.000 --> 00:35:40.000 Um, 00:35:40.000 --> 00:35:45.000 if some of those stats were like over here in my drawdown category, 00:35:45.000 --> 00:35:47.000 and actually it would even be curious, 00:35:47.000 --> 00:35:48.000 what's this guy? 00:35:48.000 --> 00:35:49.000 So this is like, 00:35:49.000 --> 00:35:50.000 so you can add a drawdown event. 00:35:50.000 --> 00:35:51.000 Okay. 00:35:51.000 --> 00:35:52.000 Interesting. 00:35:52.000 --> 00:35:53.000 Um, 00:35:53.000 --> 00:35:56.000 so I have to like pay off my house or pay off a car or something like that. 00:35:56.000 --> 00:35:57.000 Yeah. 00:35:57.000 --> 00:35:58.000 Any amount of events. 00:35:58.000 --> 00:36:02.000 And there's different types of events too in the type start type. 00:36:02.000 --> 00:36:03.000 Yeah. 00:36:03.000 --> 00:36:05.000 This is like the Bloomberg of, 00:36:05.000 --> 00:36:06.000 uh, 00:36:06.000 --> 00:36:07.000 Bitcoin calculators. 00:36:07.000 --> 00:36:10.000 There's a lot of great insight in here, 00:36:10.000 --> 00:36:15.000 but I feel like my mom would look at this and decide it's more valuable to go 00:36:15.000 --> 00:36:16.000 watch more soap operas, 00:36:16.000 --> 00:36:21.000 which is funny. 00:36:21.000 --> 00:36:22.000 Um, 00:36:22.000 --> 00:36:23.000 cool. 00:36:23.000 --> 00:36:24.000 Yeah. 00:36:24.000 --> 00:36:27.000 So stack math jump in here and run through the tutorial, 00:36:27.000 --> 00:36:28.000 do the proper thing. 00:36:28.000 --> 00:36:29.000 Oh, 00:36:29.000 --> 00:36:30.000 look at that. 00:36:30.000 --> 00:36:31.000 It's actually even just running you through the whole thing. 00:36:31.000 --> 00:36:32.000 So that's cool. 00:36:32.000 --> 00:36:33.000 Um, 00:36:34.000 --> 00:36:35.000 it shows me, 00:36:35.000 --> 00:36:40.000 it shows me how to not be completely regarded. 00:36:40.000 --> 00:36:42.000 It's a full tutorial about every, 00:36:42.000 --> 00:36:43.000 like everything that it can do. 00:36:43.000 --> 00:36:44.000 I mean, 00:36:44.000 --> 00:36:45.000 in fact, 00:36:45.000 --> 00:36:46.000 this, 00:36:46.000 --> 00:36:47.000 this last part, 00:36:47.000 --> 00:36:48.000 just, 00:36:48.000 --> 00:36:49.000 yeah, 00:36:49.000 --> 00:36:50.000 don't do the tutorial anymore. 00:36:50.000 --> 00:36:51.000 Just like stick on this. 00:36:51.000 --> 00:36:52.000 This one is super, 00:36:52.000 --> 00:36:53.000 I think important. 00:36:53.000 --> 00:36:54.000 Um, 00:36:54.000 --> 00:36:59.000 change the inflation down to two. 00:36:59.000 --> 00:37:02.000 Let's do two. 00:37:03.000 --> 00:37:04.000 Yeah. 00:37:04.000 --> 00:37:05.000 Okay. 00:37:05.000 --> 00:37:06.000 So you're looking at this, 00:37:06.000 --> 00:37:07.000 what this is telling you, 00:37:07.000 --> 00:37:08.000 right? 00:37:08.000 --> 00:37:10.000 This is telling you that you are starting with zero Bitcoin today. 00:37:10.000 --> 00:37:11.000 You have zero Bitcoin. 00:37:11.000 --> 00:37:12.000 And for the next, 00:37:12.000 --> 00:37:14.000 whatever that is, 00:37:14.000 --> 00:37:17.000 20 years of work or 30 years of work, 00:37:17.000 --> 00:37:18.000 you're going to be saving. 00:37:18.000 --> 00:37:19.000 Um, 00:37:19.000 --> 00:37:22.000 cause I can't read. 00:37:22.000 --> 00:37:26.000 The next 20 years of work, 00:37:26.000 --> 00:37:29.000 you are saving $5,000 of Bitcoin per year. 00:37:29.000 --> 00:37:30.000 Right. 00:37:30.000 --> 00:37:34.000 And then for a 30 years work, 00:37:34.000 --> 00:37:40.000 and then you are spending down $185,000 with Bitcoin in retirement. 00:37:40.000 --> 00:37:41.000 So you're caught your, 00:37:41.000 --> 00:37:42.000 and that's adjusted for inflation. 00:37:42.000 --> 00:37:44.000 Assuming with inflation. 00:37:44.000 --> 00:37:45.000 So now, 00:37:45.000 --> 00:37:46.000 again, 00:37:46.000 --> 00:37:47.000 we set that to, 00:37:47.000 --> 00:37:48.000 uh, 00:37:48.000 --> 00:37:49.000 two. 00:37:49.000 --> 00:37:50.000 Inflation. 00:37:50.000 --> 00:37:51.000 Yeah. 00:37:51.000 --> 00:37:52.000 Yeah. 00:37:52.000 --> 00:37:54.000 So I said inflation for two. 00:37:54.000 --> 00:37:55.000 This is the feds, 00:37:55.000 --> 00:37:57.000 the feds target inflation, 00:37:57.000 --> 00:37:58.000 right? 00:37:58.000 --> 00:37:59.000 At the, 00:37:59.000 --> 00:38:00.000 the day you retire, 00:38:00.000 --> 00:38:01.000 you have, 00:38:01.000 --> 00:38:04.000 you have accumulated 0.196 Bitcoin. 00:38:04.000 --> 00:38:07.000 And it's worth, 00:38:07.000 --> 00:38:08.000 um, 00:38:08.000 --> 00:38:12.000 10 million bucks. 00:38:12.000 --> 00:38:13.000 Yeah. 00:38:13.000 --> 00:38:14.000 Something like that. 00:38:14.000 --> 00:38:15.000 Uh, 00:38:15.000 --> 00:38:16.000 let's see. 00:38:16.000 --> 00:38:17.000 Um, 00:38:17.000 --> 00:38:18.000 on that day, 00:38:18.000 --> 00:38:24.000 it would be worth two. 00:38:24.000 --> 00:38:25.000 Yeah. 00:38:25.000 --> 00:38:28.000 Two or $3 million. 00:38:28.000 --> 00:38:29.000 Um, 00:38:29.000 --> 00:38:30.000 and then you, 00:38:30.000 --> 00:38:31.000 you're spending it down as, 00:38:31.000 --> 00:38:34.000 as you age into retirement. 00:38:34.000 --> 00:38:35.000 Right now, 00:38:35.000 --> 00:38:37.000 of course you're the, 00:38:37.000 --> 00:38:44.000 the amount of like spend per year and retirements can be different. 00:38:44.000 --> 00:38:46.000 When you first retire, 00:38:46.000 --> 00:38:50.000 you're super active and you're wanting to travel and your cost of living is high. 00:38:50.000 --> 00:38:51.000 Then at some point, 00:38:51.000 --> 00:38:52.000 it, 00:38:52.000 --> 00:38:53.000 you know, 00:38:53.000 --> 00:38:55.000 your old age catches up with you and you're just kind of surviving. 00:38:56.000 --> 00:39:00.000 And so your cost of like your lifestyle is, 00:39:00.000 --> 00:39:01.000 you know, 00:39:01.000 --> 00:39:02.000 not as much. 00:39:02.000 --> 00:39:06.000 And then your lifestyle increases when medical costs really catch up to you. 00:39:06.000 --> 00:39:10.000 And it's just like the whole explosion and spending because you want to stay 00:39:10.000 --> 00:39:11.000 alive for longer. 00:39:11.000 --> 00:39:12.000 Yeah. 00:39:12.000 --> 00:39:13.000 Now, 00:39:13.000 --> 00:39:14.000 so you don't have this flat, 00:39:14.000 --> 00:39:16.000 like this even spend, 00:39:16.000 --> 00:39:17.000 but that's beside the point. 00:39:17.000 --> 00:39:19.000 Talk to a financial advisor. 00:39:19.000 --> 00:39:20.000 Um, 00:39:20.000 --> 00:39:24.000 the point that I want to nail nail home here is that the feds target is 00:39:24.000 --> 00:39:25.000 2% inflation. 00:39:25.000 --> 00:39:29.000 You can survive on 2% inflation. 00:39:29.000 --> 00:39:30.000 According to this, 00:39:30.000 --> 00:39:31.000 from the day you retire, 00:39:31.000 --> 00:39:32.000 you'll be set, 00:39:32.000 --> 00:39:33.000 right? 00:39:33.000 --> 00:39:36.000 Change it to 3% inflation. 00:39:36.000 --> 00:39:41.000 And as we already saw changes to 4% inflation, 00:39:41.000 --> 00:39:43.000 change it to 8% inflation, 00:39:43.000 --> 00:39:45.000 which is probably more in line because of the money supply. 00:39:45.000 --> 00:39:48.000 Now with 8% inflation, 00:39:48.000 --> 00:39:51.000 your retirement is completely wrecked. 00:39:52.000 --> 00:39:57.000 If you want to have a hundred and $80,000 a year lifestyle. 00:39:57.000 --> 00:39:59.000 So it is, 00:39:59.000 --> 00:40:01.000 it's explicitly inflation, 00:40:01.000 --> 00:40:06.000 which steals lives and completely just like years of lives and, 00:40:06.000 --> 00:40:07.000 and, 00:40:07.000 --> 00:40:08.000 uh, 00:40:08.000 --> 00:40:10.000 destroys the world. 00:40:10.000 --> 00:40:11.000 Essentially. 00:40:11.000 --> 00:40:12.000 Yeah. 00:40:12.000 --> 00:40:14.000 It was just completely guts. 00:40:14.000 --> 00:40:17.000 People's like all the work they did their entire life. 00:40:18.000 --> 00:40:19.000 Hmm. 00:40:22.000 --> 00:40:23.000 Yeah. 00:40:23.000 --> 00:40:26.000 I think what's interesting on something like this is actually, 00:40:26.000 --> 00:40:27.000 um, 00:40:27.000 --> 00:40:28.000 you know, 00:40:28.000 --> 00:40:29.000 the, 00:40:29.000 --> 00:40:30.000 the, 00:40:30.000 --> 00:40:35.000 I would be very curious if you could feed something like this into like a 00:40:37.000 --> 00:40:42.000 Grock or a Claude or a GPT and have it kind of crafted a story. 00:40:44.000 --> 00:40:45.000 It's like, 00:40:45.000 --> 00:40:50.000 can this write a baby mandibles that's like positive or a baby mandibles that's 00:40:50.000 --> 00:40:51.000 not positive, 00:40:51.000 --> 00:40:52.000 um, 00:40:52.000 --> 00:40:58.000 to kind of give you a full picture of what's actually going on and help people 00:40:59.000 --> 00:41:01.000 understand what they're looking at. 00:41:01.000 --> 00:41:02.000 Because I, 00:41:02.000 --> 00:41:06.000 having you break it down for me like that as I'm like, 00:41:06.000 --> 00:41:07.000 Oh, 00:41:07.000 --> 00:41:08.000 like it, 00:41:08.000 --> 00:41:09.000 it totally makes it. 00:41:09.000 --> 00:41:10.000 And this right here is honestly scary. 00:41:10.000 --> 00:41:11.000 Like it's a scary, 00:41:11.000 --> 00:41:12.000 um, 00:41:13.000 --> 00:41:17.000 this is a scary chart for someone who has not started stacking. 00:41:17.000 --> 00:41:18.000 That's, 00:41:18.000 --> 00:41:19.000 that's the, 00:41:19.000 --> 00:41:20.000 that's the, 00:41:20.000 --> 00:41:21.000 that's the truth here. 00:41:21.000 --> 00:41:22.000 And I, 00:41:22.000 --> 00:41:23.000 and I do think this is most people, 00:41:23.000 --> 00:41:24.000 right. 00:41:24.000 --> 00:41:25.000 And I think, 00:41:25.000 --> 00:41:26.000 you know, 00:41:26.000 --> 00:41:27.000 we've talked, 00:41:27.000 --> 00:41:28.000 it's basically everybody. 00:41:28.000 --> 00:41:29.000 And we've talked offline of, 00:41:29.000 --> 00:41:30.000 and part of the impetus about, 00:41:30.000 --> 00:41:31.000 you know, 00:41:31.000 --> 00:41:32.000 the name behind what we're, 00:41:32.000 --> 00:41:36.000 what we're doing right now is Bitcoin is the rising tide. 00:41:36.000 --> 00:41:38.000 Bitcoin is a rising tide. 00:41:38.000 --> 00:41:47.000 And there's going to be a need for Bitcoiners who have a lot of Bitcoin to start 00:41:49.000 --> 00:41:52.000 paving the way for what people should be spending their money on. 00:41:52.000 --> 00:41:53.000 And I, 00:41:53.000 --> 00:41:56.000 and I believe Bitcoiners are going to build cathedrals again. 00:41:56.000 --> 00:41:57.000 You know, 00:41:57.000 --> 00:41:58.000 we're going to get back to a point where, 00:41:58.000 --> 00:41:59.000 you know, 00:41:59.000 --> 00:42:00.000 like St. 00:42:00.000 --> 00:42:03.000 Peter's Basilica in London is going to become a thing again. 00:42:03.000 --> 00:42:06.000 Like there's going to be a reason for people to want to rebuild, 00:42:06.000 --> 00:42:07.000 you know, 00:42:07.000 --> 00:42:12.000 a new version of the Vatican in the United States somewhere. 00:42:12.000 --> 00:42:16.000 There's going to be a reason for people to value their, 00:42:16.000 --> 00:42:21.000 their time and value their work and value their effort when it's no longer stole 00:42:21.000 --> 00:42:22.000 from them. 00:42:22.000 --> 00:42:23.000 And so I think that's, 00:42:23.000 --> 00:42:31.000 that's an interesting thing to codify as a story because most people don't get 00:42:31.000 --> 00:42:33.000 it because they've been born. 00:42:34.000 --> 00:42:35.000 Yeah. 00:42:35.000 --> 00:42:36.000 Who, 00:42:36.000 --> 00:42:37.000 who, 00:42:37.000 --> 00:42:38.000 even boomers, 00:42:38.000 --> 00:42:39.000 right? 00:42:39.000 --> 00:42:43.000 Boomers were the generation that were born when the U.S. 00:42:43.000 --> 00:42:45.000 government broke money. 00:42:45.000 --> 00:42:46.000 Yep. 00:42:46.000 --> 00:42:47.000 We became, 00:42:47.000 --> 00:42:48.000 you know, 00:42:48.000 --> 00:42:49.000 this, 00:42:49.000 --> 00:42:50.000 this last generation. 00:42:50.000 --> 00:42:51.000 They came to age. 00:42:51.000 --> 00:42:52.000 They, 00:42:52.000 --> 00:42:54.000 they entered the workforce when the U.S. 00:42:54.000 --> 00:42:55.000 government broke money. 00:42:55.000 --> 00:42:56.000 Got it. 00:42:56.000 --> 00:42:57.000 Yeah. 00:42:57.000 --> 00:42:58.000 So they, 00:42:58.000 --> 00:42:59.000 so they everything. 00:42:59.000 --> 00:43:00.000 Yeah. 00:43:00.000 --> 00:43:01.000 They basically had childhood. 00:43:01.000 --> 00:43:03.000 Everything was great and gravy and then work. 00:43:03.000 --> 00:43:04.000 And then we just, 00:43:04.000 --> 00:43:07.000 the only way to survive is you have to have a house. 00:43:07.000 --> 00:43:08.000 If you don't have a house, 00:43:08.000 --> 00:43:09.000 you're wrecked. 00:43:09.000 --> 00:43:10.000 Your life is over. 00:43:10.000 --> 00:43:11.000 Yep. 00:43:11.000 --> 00:43:12.000 Yeah. 00:43:12.000 --> 00:43:13.000 There's, 00:43:13.000 --> 00:43:14.000 there, 00:43:14.000 --> 00:43:16.000 we have some people we know in Italy and it's like, 00:43:16.000 --> 00:43:17.000 you know, 00:43:17.000 --> 00:43:18.000 unemployment for young people. 00:43:18.000 --> 00:43:19.000 There's like 30%, 00:43:19.000 --> 00:43:20.000 40% like real, 00:43:20.000 --> 00:43:21.000 real unemployment. 00:43:21.000 --> 00:43:27.000 And the idea of owning a house is not even an idea that they entertain because 00:43:27.000 --> 00:43:29.000 the house you're going to own is your parents' house. 00:43:29.000 --> 00:43:30.000 You're going to inherit it when they die. 00:43:30.000 --> 00:43:36.000 And so you're going to live there until you're 50 unless you can find somebody 00:43:36.000 --> 00:43:37.000 else and have a, 00:43:37.000 --> 00:43:38.000 have a job. 00:43:38.000 --> 00:43:42.000 So you need to find two people who have jobs to be able to even think about 00:43:42.000 --> 00:43:43.000 moving somewhere. 00:43:43.000 --> 00:43:44.000 But most of the time, 00:43:44.000 --> 00:43:46.000 you're probably not gonna want to move anywhere because it's like you can't 00:43:46.000 --> 00:43:47.000 even afford childcare. 00:43:47.000 --> 00:43:48.000 And so, 00:43:48.000 --> 00:43:49.000 you know, 00:43:49.000 --> 00:43:50.000 why would you move? 00:43:50.000 --> 00:43:51.000 Yeah, 00:43:51.000 --> 00:43:52.000 it's just wild. 00:43:52.000 --> 00:43:53.000 It's super wild. 00:43:54.000 --> 00:43:59.000 I'm hopeful because Bitcoin is in the world, 00:43:59.000 --> 00:44:00.000 but the, 00:44:00.000 --> 00:44:01.000 you know, 00:44:01.000 --> 00:44:03.000 I know a lot of Bitcoiners say Bitcoin has won, 00:44:03.000 --> 00:44:04.000 but it's like, 00:44:04.000 --> 00:44:10.000 there's just so much that has to go right for this tax. 00:44:10.000 --> 00:44:11.000 So much has to change. 00:44:11.000 --> 00:44:12.000 One of the things that's, 00:44:12.000 --> 00:44:18.000 I think important about the graph you're looking at is that 5,000 is not just 00:44:18.000 --> 00:44:19.000 arbitrary. 00:44:19.000 --> 00:44:20.000 I mean, 00:44:20.000 --> 00:44:21.000 it's kind of arbitrary, 00:44:21.000 --> 00:44:22.000 but it's like, 00:44:22.000 --> 00:44:25.000 it's essentially your maximum contribution for an IRA every year. 00:44:25.000 --> 00:44:27.000 And if that goes, 00:44:27.000 --> 00:44:31.000 if that's going straight into Bitcoin, 00:44:31.000 --> 00:44:33.000 like that's what you're, 00:44:33.000 --> 00:44:34.000 that's it. 00:44:34.000 --> 00:44:35.000 Right. 00:44:35.000 --> 00:44:36.000 Obviously you can, 00:44:36.000 --> 00:44:38.000 you can say Bitcoin outside of an IRA, 00:44:38.000 --> 00:44:39.000 but like, 00:44:39.000 --> 00:44:40.000 that's it. 00:44:40.000 --> 00:44:41.000 Like, 00:44:41.000 --> 00:44:42.000 that's, 00:44:42.000 --> 00:44:43.000 that's what you get. 00:44:43.000 --> 00:44:46.000 Unless the system changes, 00:44:46.000 --> 00:44:50.000 unless we do exactly what you're saying. 00:44:50.000 --> 00:44:52.000 Unless we start actually fixing the problems, 00:44:52.000 --> 00:44:55.000 which are tremendous and huge and everywhere. 00:44:55.000 --> 00:44:56.000 Hmm. 00:44:56.000 --> 00:44:57.000 Yeah. 00:44:57.000 --> 00:44:58.000 And in this, 00:44:58.000 --> 00:44:59.000 but in this scenario, 00:44:59.000 --> 00:45:00.000 you never. 00:45:00.000 --> 00:45:01.000 Oh, 00:45:01.000 --> 00:45:02.000 and then the 5,000, 00:45:02.000 --> 00:45:03.000 it's actually interesting. 00:45:03.000 --> 00:45:04.000 So the, 00:45:04.000 --> 00:45:07.000 the 5,000 is inflation adjusted. 00:45:07.000 --> 00:45:09.000 So if you click on it, 00:45:09.000 --> 00:45:10.000 so that'd be like, 00:45:10.000 --> 00:45:11.000 whatever it, 00:45:11.000 --> 00:45:12.000 if it doubles every 10 years, 00:45:12.000 --> 00:45:15.000 you'd be contributing 10,000 in 10 years. 00:45:15.000 --> 00:45:17.000 So to account for that, 00:45:17.000 --> 00:45:19.000 so click on it. 00:45:19.000 --> 00:45:20.000 And it's a, 00:45:20.000 --> 00:45:22.000 it says annual percentage change, 00:45:22.000 --> 00:45:25.000 lower it by the inflationary. 00:45:25.000 --> 00:45:26.000 Okay. 00:45:30.000 --> 00:45:31.000 Hmm. 00:45:33.000 --> 00:45:34.000 So you have your less. 00:45:41.000 --> 00:45:42.000 Yeah. 00:45:42.000 --> 00:45:43.000 So the top is. 00:45:44.000 --> 00:45:45.000 Oh, 00:45:45.000 --> 00:45:46.000 no, 00:45:46.000 --> 00:45:47.000 wait, 00:45:47.000 --> 00:45:48.000 you're, 00:45:49.000 --> 00:45:50.000 you're increasing it. 00:45:50.000 --> 00:45:51.000 You need to lower it. 00:45:51.000 --> 00:45:52.000 So negative eight. 00:45:52.000 --> 00:45:53.000 Oh, 00:45:53.000 --> 00:45:54.000 negative eight. 00:45:57.000 --> 00:45:58.000 There we go. 00:46:00.000 --> 00:46:01.000 So that's, 00:46:01.000 --> 00:46:03.000 that's more in line with actual, 00:46:05.000 --> 00:46:08.000 your actual IRA contributions, 00:46:08.000 --> 00:46:10.000 because that number in the IRA, 00:46:10.000 --> 00:46:12.000 that $5,000, 00:46:12.000 --> 00:46:15.000 like that's never going to change unless they change the law, 00:46:15.000 --> 00:46:17.000 which means that the purchasing power of that, 00:46:17.000 --> 00:46:19.000 it's just going to continue to decrease. 00:46:19.000 --> 00:46:21.000 It's just the exact same thing with like when they added the. 00:46:24.000 --> 00:46:26.000 Qualified distribution for home. 00:46:26.000 --> 00:46:30.000 You're able to take out $10,000 to put a down payment on a home, 00:46:30.000 --> 00:46:32.000 which is like an appropriate amount. 00:46:33.000 --> 00:46:34.000 The year was added, 00:46:34.000 --> 00:46:36.000 but I recently went back and did the math on it. 00:46:36.000 --> 00:46:39.000 And it should be inflation adjusted today, 00:46:39.000 --> 00:46:41.000 somewhere around $30,000, 00:46:41.000 --> 00:46:43.000 which would be an appropriate amount for a, 00:46:43.000 --> 00:46:44.000 you know, 00:46:44.000 --> 00:46:45.000 average home in America, 00:46:45.000 --> 00:46:46.000 $400,000 home. 00:46:46.000 --> 00:46:47.000 Right. 00:46:47.000 --> 00:46:48.000 It's like, 00:46:48.000 --> 00:46:49.000 okay, 00:46:49.000 --> 00:46:50.000 cool. 00:46:50.000 --> 00:46:51.000 You can withdraw through like $30,000. 00:46:51.000 --> 00:46:52.000 That's 10, 00:46:52.000 --> 00:46:53.000 almost 10% down. 00:46:53.000 --> 00:46:55.000 You can probably scrounge together some more. 00:46:55.000 --> 00:46:56.000 Elsewhere. 00:46:56.000 --> 00:46:57.000 But like, 00:46:57.000 --> 00:46:58.000 no, 00:46:58.000 --> 00:46:59.000 no, 00:46:59.000 --> 00:47:00.000 no, 00:47:00.000 --> 00:47:01.000 no, 00:47:01.000 --> 00:47:02.000 no, 00:47:02.000 --> 00:47:03.000 no. 00:47:03.000 --> 00:47:04.000 The law hasn't changed. 00:47:04.000 --> 00:47:05.000 Inflation has picked up and destroyed all of it. 00:47:05.000 --> 00:47:07.000 So you still today can only withdraw $10,000 for a qualified distribution to 00:47:07.000 --> 00:47:08.000 towards the house. 00:47:08.000 --> 00:47:09.000 It's just like, 00:47:09.000 --> 00:47:10.000 you can't. 00:47:10.000 --> 00:47:12.000 Like at no point, 00:47:12.000 --> 00:47:13.000 will that ever like, 00:47:13.000 --> 00:47:14.000 unless they inflation adjust it. 00:47:14.000 --> 00:47:17.000 And the only inflation adjusted to like official inflation rate. 00:47:17.000 --> 00:47:18.000 One. 00:47:18.000 --> 00:47:19.000 Right. 00:47:19.000 --> 00:47:21.000 And it's just like, 00:47:21.000 --> 00:47:22.000 there's no, 00:47:22.000 --> 00:47:25.000 it doesn't like, 00:47:25.000 --> 00:47:26.000 as time goes on, 00:47:26.000 --> 00:47:29.000 it becomes increasingly meaningless. 00:47:29.000 --> 00:47:33.000 Like the whole system just breaks itself because of inflation. 00:47:33.000 --> 00:47:37.000 So you could, 00:47:37.000 --> 00:47:40.000 you could escape. 00:47:40.000 --> 00:47:42.000 If. 00:47:42.000 --> 00:47:43.000 You know, 00:47:43.000 --> 00:47:46.000 your annual is 2%. 00:47:46.000 --> 00:47:49.000 And 2% is actually the number. 00:47:49.000 --> 00:47:50.000 So if, 00:47:50.000 --> 00:47:51.000 if the fed weren't lying, 00:47:51.000 --> 00:47:54.000 you could get there, 00:47:54.000 --> 00:47:59.000 but because of the reality that we all know that average real inflation is 00:47:59.000 --> 00:48:00.000 closer to 8%, 00:48:00.000 --> 00:48:01.000 it's very unlikely. 00:48:01.000 --> 00:48:02.000 Yeah. 00:48:02.000 --> 00:48:03.000 It's wild. 00:48:03.000 --> 00:48:04.000 That's wild, 00:48:04.000 --> 00:48:05.000 man. 00:48:05.000 --> 00:48:06.000 Well, 00:48:06.000 --> 00:48:07.000 this is really cool. 00:48:07.000 --> 00:48:09.000 I really love the, 00:48:09.000 --> 00:48:13.000 the fact that I have something that I can try to look at now. 00:48:13.000 --> 00:48:16.000 I might shoot you some thoughts on, 00:48:16.000 --> 00:48:17.000 you know, 00:48:17.000 --> 00:48:22.000 things like clicking in or locking or making it easier for me to, 00:48:22.000 --> 00:48:23.000 to see, 00:48:23.000 --> 00:48:24.000 excuse me, 00:48:24.000 --> 00:48:25.000 to see things as a user, 00:48:25.000 --> 00:48:27.000 but that's something that we can offline on. 00:48:27.000 --> 00:48:29.000 But if anybody watching has any thoughts for, 00:48:29.000 --> 00:48:30.000 for bond or, 00:48:30.000 --> 00:48:31.000 and they want to jump in there, 00:48:31.000 --> 00:48:32.000 I think, 00:48:32.000 --> 00:48:33.000 I know he'd love to, 00:48:33.000 --> 00:48:34.000 he'd love to hear them, 00:48:34.000 --> 00:48:36.000 but it is really cool to, 00:48:36.000 --> 00:48:39.000 it's cool to have all of this information by fingertips. 00:48:39.000 --> 00:48:42.000 It's probably a little more than most people need, 00:48:42.000 --> 00:48:43.000 but at the same time, 00:48:43.000 --> 00:48:46.000 like you don't know what you don't know. 00:48:46.000 --> 00:48:50.000 So it's actually great to kind of have everything to kind of like, 00:48:50.000 --> 00:48:53.000 look at it and get a greater understanding of it. 00:48:53.000 --> 00:48:54.000 And then also be able to be like, 00:48:54.000 --> 00:48:55.000 Hey, 00:48:55.000 --> 00:48:56.000 for my kids and my kids, 00:48:56.000 --> 00:48:57.000 kids and, 00:48:57.000 --> 00:48:58.000 and all that stuff. 00:48:58.000 --> 00:48:59.000 So it's, 00:48:59.000 --> 00:49:00.000 this is super, 00:49:00.000 --> 00:49:01.000 this is super cool. 00:49:01.000 --> 00:49:02.000 Is there, 00:49:02.000 --> 00:49:03.000 why did you, 00:49:03.000 --> 00:49:04.000 why did you make this? 00:49:05.000 --> 00:49:06.000 I mean, 00:49:06.000 --> 00:49:09.000 the practical reality of it was that, 00:49:11.000 --> 00:49:12.000 you know, 00:49:12.000 --> 00:49:20.000 we were like going through the process of like, 00:49:20.000 --> 00:49:21.000 okay, 00:49:21.000 --> 00:49:22.000 what's our job situation? 00:49:22.000 --> 00:49:23.000 What's the, 00:49:23.000 --> 00:49:24.000 you know, 00:49:24.000 --> 00:49:26.000 like how long can we afford to, 00:49:26.000 --> 00:49:27.000 you know, 00:49:27.000 --> 00:49:28.000 apply for jobs, 00:49:28.000 --> 00:49:29.000 but not get a job. 00:49:29.000 --> 00:49:30.000 And like being a developer, 00:49:30.000 --> 00:49:33.000 I don't know if you've ever seen that or seen the recent, 00:49:33.000 --> 00:49:34.000 like stats on it. 00:49:34.000 --> 00:49:38.000 It was like 2022 developer jobs are the most in demand jobs. 00:49:38.000 --> 00:49:43.000 2024 developer jobs are the least in demand jobs. 00:49:43.000 --> 00:49:44.000 So basically, 00:49:44.000 --> 00:49:45.000 you know, 00:49:45.000 --> 00:49:46.000 this was, 00:49:46.000 --> 00:49:48.000 was made for the purpose of like trying to answer the question, 00:49:48.000 --> 00:49:49.000 like, 00:49:49.000 --> 00:49:50.000 okay, 00:49:50.000 --> 00:49:55.000 how long can we like live on this given like the, 00:49:55.000 --> 00:49:57.000 the crazy volatility in Bitcoin, 00:49:57.000 --> 00:50:01.000 given the price projections, 00:50:01.000 --> 00:50:04.000 given our price models, 00:50:04.000 --> 00:50:06.000 given our needs and our like, 00:50:06.000 --> 00:50:07.000 like, 00:50:07.000 --> 00:50:08.000 what are like, 00:50:08.000 --> 00:50:09.000 how, 00:50:09.000 --> 00:50:10.000 how are we going to live? 00:50:10.000 --> 00:50:11.000 And like, 00:50:11.000 --> 00:50:12.000 what are the, 00:50:12.000 --> 00:50:13.000 like, 00:50:13.000 --> 00:50:14.000 what are the consequences? 00:50:14.000 --> 00:50:15.000 Like, 00:50:15.000 --> 00:50:16.000 what are the opportunity costs and consequences of doing this? 00:50:16.000 --> 00:50:17.000 And like, 00:50:17.000 --> 00:50:18.000 what are the, 00:50:18.000 --> 00:50:19.000 how does this all fit together? 00:50:19.000 --> 00:50:20.000 What are all the pieces here? 00:50:20.000 --> 00:50:23.000 So I made this tool to answer the question for myself, 00:50:23.000 --> 00:50:24.000 like how much is enough? 00:50:24.000 --> 00:50:25.000 Like, 00:50:25.000 --> 00:50:26.000 do we have enough? 00:50:26.000 --> 00:50:27.000 And like, 00:50:27.000 --> 00:50:28.000 you know, 00:50:28.000 --> 00:50:29.000 how, 00:50:29.000 --> 00:50:30.000 how much time do we have? 00:50:30.000 --> 00:50:31.000 So like, 00:50:31.000 --> 00:50:32.000 okay, 00:50:32.000 --> 00:50:33.000 now, 00:50:33.000 --> 00:50:34.000 like you can see what the things are. 00:50:34.000 --> 00:50:35.000 I can see our expenses. 00:50:35.000 --> 00:50:36.000 I can see like, 00:50:36.000 --> 00:50:37.000 okay, 00:50:37.000 --> 00:50:38.000 cool. 00:50:38.000 --> 00:50:39.000 This is what, 00:50:39.000 --> 00:50:40.000 this is what our family does is how we can make it. 00:50:40.000 --> 00:50:41.000 This is, 00:50:41.000 --> 00:50:42.000 you know, 00:50:42.000 --> 00:50:43.000 the lifestyle we can afford, 00:50:43.000 --> 00:50:44.000 like the whole thing. 00:50:44.000 --> 00:50:45.000 So yeah, 00:50:45.000 --> 00:50:46.000 that's what I made it for me personally. 00:50:46.000 --> 00:50:47.000 That's like the impetus, 00:50:47.000 --> 00:50:48.000 but then, 00:50:48.000 --> 00:50:49.000 you know, 00:50:49.000 --> 00:50:50.000 you can, 00:50:50.000 --> 00:50:51.000 like, 00:50:51.000 --> 00:50:52.000 I threw it up and just like, 00:50:52.000 --> 00:50:53.000 okay, 00:50:53.000 --> 00:50:54.000 this is the only, 00:50:54.000 --> 00:50:55.000 because with all financial planning, 00:50:55.000 --> 00:50:56.000 it's all like, 00:50:56.000 --> 00:50:59.000 all of it's so probabilistic and you never know when you're going to get hit by a car. 00:50:59.000 --> 00:51:02.000 So you're predicting the future and it's just uncertainties on uncertainties. 00:51:02.000 --> 00:51:03.000 And it's just, 00:51:03.000 --> 00:51:04.000 there's no, 00:51:04.000 --> 00:51:05.000 it's almost irrelevant. 00:51:05.000 --> 00:51:06.000 Right. 00:51:06.000 --> 00:51:07.000 At some point. 00:51:07.000 --> 00:51:11.000 And so you can just like whip together a super easy version, 00:51:11.000 --> 00:51:13.000 which I did in like a week and a half. 00:51:13.000 --> 00:51:14.000 And I was like, 00:51:14.000 --> 00:51:15.000 okay, 00:51:15.000 --> 00:51:16.000 cool. 00:51:16.000 --> 00:51:17.000 My questions are answered. 00:51:17.000 --> 00:51:18.000 I don't need to look at this anymore. 00:51:18.000 --> 00:51:19.000 But then it like started to, 00:51:19.000 --> 00:51:20.000 you know, 00:51:20.000 --> 00:51:21.000 whatever, 00:51:21.000 --> 00:51:23.000 scratch and itch where I was like, 00:51:23.000 --> 00:51:24.000 this is no, 00:51:24.000 --> 00:51:27.000 you can do way more with this. 00:51:27.000 --> 00:51:29.000 And if people understand it, 00:51:29.000 --> 00:51:34.000 they go through the process of trying to learn what ergodicity is and what Monte Carlo's simulations are, 00:51:34.000 --> 00:51:36.000 which we didn't even touch on. 00:51:36.000 --> 00:51:39.000 And then like actually like putting together, 00:51:39.000 --> 00:51:45.000 like putting these pieces together and thinking through this processing and the probabilities involved in the whole thing. 00:51:46.000 --> 00:51:51.000 But then you can really start to like break apart the, 00:51:51.000 --> 00:51:53.000 not necessarily break apart, 00:51:53.000 --> 00:52:00.000 but like soften this diehard absurdity of always stacks at, 00:52:00.000 --> 00:52:04.000 because you're not inhuman if you don't. 00:52:04.000 --> 00:52:05.000 And it's like, 00:52:05.000 --> 00:52:05.000 00:52:05.000 --> 00:52:09.000 the thing that makes me human is the fact that I am connected to reality and have, 00:52:09.000 --> 00:52:10.000 you know, 00:52:10.000 --> 00:52:14.000 responsibilities and a family and rent to pay and like all these other factors that go in. 00:52:14.000 --> 00:52:15.000 Like, 00:52:15.000 --> 00:52:16.000 okay, 00:52:16.000 --> 00:52:17.000 cool. 00:52:17.000 --> 00:52:18.000 I'm not the only person in my life. 00:52:18.000 --> 00:52:20.000 Like I'm responsible for other people. 00:52:20.000 --> 00:52:21.000 Like, 00:52:21.000 --> 00:52:22.000 how does, 00:52:22.000 --> 00:52:23.000 how does all these pieces connect? 00:52:23.000 --> 00:52:25.000 Because it can't just be stack stats, 00:52:25.000 --> 00:52:26.000 like sell your wife, 00:52:26.000 --> 00:52:27.000 sell your kids, 00:52:27.000 --> 00:52:28.000 like sell all like, 00:52:28.000 --> 00:52:29.000 and just, 00:52:29.000 --> 00:52:30.000 this is, 00:52:30.000 --> 00:52:31.000 that's not reality. 00:52:31.000 --> 00:52:32.000 Like, 00:52:32.000 --> 00:52:33.000 come on guys. 00:52:33.000 --> 00:52:35.000 So that's what, 00:52:35.000 --> 00:52:36.000 yeah. 00:52:36.000 --> 00:52:37.000 And then it gives you, 00:52:37.000 --> 00:52:38.000 you know, 00:52:38.000 --> 00:52:40.000 gives people options and gives people insight about what they believe. 00:52:41.000 --> 00:52:42.000 You know, 00:52:42.000 --> 00:52:46.000 we're going to add all these settings because I wanted to make sure that people had a really clear, 00:52:46.000 --> 00:52:49.000 because everyone's situation is totally different. 00:52:49.000 --> 00:52:50.000 You can't just be like, 00:52:50.000 --> 00:52:51.000 oh yeah, 00:52:51.000 --> 00:52:52.000 6.15. 00:52:52.000 --> 00:52:53.000 It always works. 00:52:53.000 --> 00:52:54.000 It's like, 00:52:54.000 --> 00:52:55.000 no, 00:52:55.000 --> 00:52:57.000 it doesn't always work because your situation is going to be different than his situation. 00:52:57.000 --> 00:52:58.000 Like if you have kids, 00:52:58.000 --> 00:53:00.000 well then what's their schooling costs? 00:53:00.000 --> 00:53:01.000 Like, 00:53:01.000 --> 00:53:03.000 let's hope you don't send them to private school or public school. 00:53:03.000 --> 00:53:04.000 Right. 00:53:04.000 --> 00:53:05.000 Right. 00:53:05.000 --> 00:53:06.000 So like, 00:53:06.000 --> 00:53:07.000 are you going to do private school? 00:53:07.000 --> 00:53:08.000 Are you going to do homeschool? 00:53:08.000 --> 00:53:09.000 Like what are the costs for there? 00:53:09.000 --> 00:53:10.000 Yeah. 00:53:10.000 --> 00:53:11.000 I mean, 00:53:11.000 --> 00:53:12.000 it's a whole process. 00:53:12.000 --> 00:53:13.000 Like financial planning is a huge process. 00:53:13.000 --> 00:53:22.000 It really takes a lot of effort and thought and contingencies to flush out. 00:53:22.000 --> 00:53:24.000 This is cool. 00:53:24.000 --> 00:53:35.000 This is a great tool to kind of help the layman try and get a better understanding of like what, 00:53:36.000 --> 00:53:39.000 just what their Bitcoin future could look like. 00:53:39.000 --> 00:53:40.000 It's, 00:53:40.000 --> 00:53:41.000 it's hard, 00:53:41.000 --> 00:53:42.000 though, 00:53:42.000 --> 00:53:49.000 kind of knowing we have like a Bitcoin strategic reserve and we have all these things kind of like on the horizon to kind of like wrap your head around it. 00:53:49.000 --> 00:53:51.000 But I'm optimistic that we can get, 00:53:51.000 --> 00:53:52.000 you know, 00:53:52.000 --> 00:53:54.000 get under a Bitcoin standard in some way, 00:53:54.000 --> 00:53:55.000 shape or form. 00:53:55.000 --> 00:53:56.000 But we'll see. 00:53:56.000 --> 00:53:57.000 We'll see what we'll see. 00:53:57.000 --> 00:53:59.000 We'll see what happens in the world. 00:53:59.000 --> 00:54:00.000 Again, 00:54:01.000 --> 00:54:02.000 check it out. 00:54:02.000 --> 00:54:03.000 Send me feedback. 00:54:03.000 --> 00:54:04.000 If you find bugs, 00:54:04.000 --> 00:54:08.000 I'm also highly recommend do the tutorial. 00:54:08.000 --> 00:54:11.000 We only touched on like a handful of stuff, 00:54:11.000 --> 00:54:22.000 but the tutorial really walks through the whole point and purpose and connects all the dots and answers all the whatever. 00:54:22.000 --> 00:54:23.000 What's it called? 00:54:23.000 --> 00:54:29.000 Answers all the definitions and paints the full picture of what you can do and how to think about it. 00:54:32.000 --> 00:54:32.000 00:54:32.000 --> 00:54:33.000 love it. 00:54:33.000 --> 00:54:34.000 Check it out. 00:54:34.000 --> 00:54:35.000 Love it. 00:54:36.000 --> 00:54:38.000 If you are in, 00:54:39.000 --> 00:54:40.000 you know, 00:54:40.000 --> 00:54:41.000 the greater L.A. 00:54:41.000 --> 00:54:42.000 area, 00:54:42.000 --> 00:54:45.000 you should try and hit up some meetups. 00:54:45.000 --> 00:54:47.000 There's a couple of them everywhere. 00:54:47.000 --> 00:54:48.000 We, 00:54:48.000 --> 00:54:50.000 we do one every so often. 00:54:50.000 --> 00:54:52.000 And so if people want to check out that one, 00:54:52.000 --> 00:54:54.000 check out Nella Bitcoiners. 00:54:54.000 --> 00:54:58.000 But then you should definitely check out BTC pins down in Hawthorne. 00:54:58.000 --> 00:55:01.000 You should check out the check out meetups. 00:55:01.000 --> 00:55:02.000 Great, 00:55:02.000 --> 00:55:03.000 great place to find them. 00:55:03.000 --> 00:55:04.000 Like, 00:55:04.000 --> 00:55:05.000 I'm not just trying to plug them, 00:55:05.000 --> 00:55:06.000 just plugging some things, 00:55:06.000 --> 00:55:12.000 because I think the bigger piece in all of this is the world gets better with Bitcoin. 00:55:12.000 --> 00:55:14.000 But in order to make Bitcoin a thing, 00:55:14.000 --> 00:55:16.000 you need to actually be like with Bitcoin. 00:55:16.000 --> 00:55:19.000 So if you have questions or you're curious about Bitcoin, 00:55:19.000 --> 00:55:20.000 like, 00:55:20.000 --> 00:55:21.000 go to a meetup, 00:55:21.000 --> 00:55:22.000 you know, 00:55:22.000 --> 00:55:24.000 go and go and meet some people in the meat space, 00:55:24.000 --> 00:55:27.000 because Bitcoiners just love Bitcoin and they just want to talk about it. 00:55:27.000 --> 00:55:33.000 So you probably have an easier time getting them to shut up about Bitcoin than you will, 00:55:33.000 --> 00:55:34.000 you know, 00:55:34.000 --> 00:55:39.000 getting them to or rather harder time getting to shut up about Bitcoin than you will to have them to shut up about it. 00:55:41.000 --> 00:55:42.000 I love this stuff. 00:55:42.000 --> 00:55:43.000 So, 00:55:43.000 --> 00:55:44.000 cool. 00:55:44.000 --> 00:55:45.000 Well, 00:55:45.000 --> 00:55:47.000 that's that was the main thing I want to chat on today. 00:55:47.000 --> 00:55:48.000 I just think stack math is great. 00:55:48.000 --> 00:55:49.000 There's a lot of really positive, 00:55:49.000 --> 00:55:50.000 like awesome. 00:55:52.000 --> 00:55:55.000 Just like stuff and value on it. 00:55:55.000 --> 00:55:57.000 And so if you know people have any questions, 00:55:57.000 --> 00:55:59.000 shoot it over to Gilded Plebe. 00:55:59.000 --> 00:56:01.000 And yeah, 00:56:01.000 --> 00:56:04.000 do you have anything else for the rest of this week? 00:56:04.000 --> 00:56:07.000 Bond or is that a good place to wrap it up? 00:56:07.000 --> 00:56:08.000 You think? 00:56:08.000 --> 00:56:09.000 Let's do it. 00:56:09.000 --> 00:56:10.000 Cool. 00:56:10.000 --> 00:56:10.000 00:56:10.000 --> 00:56:11.000 everybody, 00:56:11.000 --> 00:56:14.000 for watching and looking forward to seeing you next week. 00:56:15.000 --> 00:56:16.000 Peace. 00:56:18.000 --> 00:56:19.000 Thank you.