WEBVTT

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I'm always reminded of how glad I am I don't wear headphones for these things.

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All right, so here we are.

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Let's start off with a quick intro for everybody.

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We got JD, Anton, and myself on the call today.

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JD, how about you roll us off, and then I'll...

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Yeah, let's do it.

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I'll... Oops, sorry.

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I'm going to give everybody the full for that.

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But so, JD, Bitcoin Advertising, Cyberpunk Cinema,

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trying to continue to further how we tell the Bitcoin story in 30 seconds or less.

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Bondor.

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I've worked in a myriad of industries,

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seeing how fiat has destroyed so much of our modern reality.

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And basically, there's only one way forward, and that's through Bitcoin.

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And so, death to fiat, long live Bitcoin.

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I'm Anton Syme, filmmaker, cinematographer, director, and Bitcoiner.

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And that's it.

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Anton, I'm not going to lie.

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Seeing your stuff full screen, it just looks dope.

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I know.

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First time I've had a real camera for this podcast.

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So good.

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What's our topic today, Bondor?

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So, this came up yesterday when I saw it on Twitter.

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I was just explaining this behind the scenes,

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but for the sake of our audience, I'll bring it up again

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because it's a huge revolution for me,

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and it's like I imagine that this starts another conversation,

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and we can jump off from there.

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But this is kind of like boggling my mind right now.

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So, here's the basic premise.

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Somebody online, on X, was saying that we basically approach the topic of inflation

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as to whether or not it's good or bad from an economic, like practical perspective.

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Like, hey, do you value unlimited growth at all costs,

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or do you value efficiency and new products and reducing waste, all that?

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So, okay, here's – because if you're on one team, well, you're going to –

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inflation bad, you're going to value get rid of waste, more efficient products.

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Inflation good, you're going to value growth at all costs.

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But I know this guy's a Christian,

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and I was like thinking, wait a second, that's just –

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if you're a Christian, you're arguing for Christian – from a Christian worldview,

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it is completely ridiculous that you would jump to the economic argument first.

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Or in my estimation, it was just like, wait, why not jump to the higher argument?

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What's the higher argument?

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Well, the higher argument is like weights and measures.

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You want to have a just system of measurement and all that sort of stuff.

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But then it really – like there's been a – just in the back of my mind,

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there's this idea of equivalence, and inflation breaks equivalence

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because it breaks weights and measures.

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Now, I've never like sat down and figured out, like went through the Bible and like, okay, cool.

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What does the Bible say about equivalence?

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Not just weights and measures because we know what it says about that unjust abomination.

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Okay, cool, but what about equivalence itself?

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What about the idea, the higher idea of like this thing is worth this?

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Or your yes, when you say yes, needs to be a yes.

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When you say something, it needs to be tied directly to the action that that thing is, right?

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Now, that opened up a whole unbelievable study, and everybody should just do that.

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Search – ask AI to present to you what the Bible says about equivalence

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because immediately you get the idea that, oh, the cost of sin, consequence of sin is death.

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Those are equivalent.

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You need that for there to be equivalence, right?

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Now, the next stage of this is going to be, well, okay, if inflation is good,

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that means equivalence doesn't matter because your dollars today are not worth the same that they are tomorrow

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because of inflation, systematic devaluing of your currency and your purchasing power and everything, like your time, right?

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So if inflation is good, equivalence doesn't matter.

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And if equivalence doesn't matter, which is a higher philosophical topic,

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if equivalence doesn't matter, then why did Jesus need to die on the cross?

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Well, if equivalence doesn't matter, did he need to die on the cross?

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You get into these really, really problematic theological places really fast when you start talking about equivalence.

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Now, the next thing, like you go through this study and the next thing – this is the part that's just boggling my mind –

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is for the measurement of value, if equivalence is broken, then when you measure things, that measurement is going to be broken.

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And this is like, oh, well, obviously, cool.

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But then it's like Jesus actually says this. He says, and I quote,

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The measure –

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Oh, no. Now Bondor froze.

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All of our civilization –

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You've got to back it up. Jesus said, and then you've got to start back. Sorry.

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Yeah. The measure with which you measure will be measured back to you.

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Did that freeze? We're good?

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Yep.

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Immediately. Wait a second. If we're measuring all of civilization, the value of civilization is measured in U.S. dollars.

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And U.S. dollars are devaluing all the time.

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So what is Jesus telling us? He's going to say it's going to be measured back to you.

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Your civilization will be devalued just now.

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This is what Jesus is saying.

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He's saying more than this, of course, but as it directly applies, it's like, what the –

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I'd love to actually jump in on this, because this is really interesting, based on –

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I have a magic group on Wednesday night, and we actually talked about this topics, kind of.

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We went through a bunch of verses in the Old Testament, and I wish I had the handout. It's inside.

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The most interesting thing, if you go from the Old Testament to the New Testament, is essentially the Old Testament Torah verses talk about God putting the Israelites on a pedestal.

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And then it talks about God paying the price to allow everyone into the family of God with the blood of the Lamb, with the blood of Christ.

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And so it's interesting about this to land the plane on the objective truth, and actually not even that, but the comedian who has the joke about going to nothingness,

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and then you return to your creator, and I can't remember the guy's name, but you guys can find it in one Bible.

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I always – like physics is how I came to Christ.

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So like getting a greater understanding of everything in this world works.

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If I pick up my pen and drop it, it's going to fall because of the way the world was created.

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If everything was random, there would be more randomness, if that makes sense.

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Like everything has a way of working.

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There's no point in time where gravity just decides, fuck it, I'm not going to do this today.

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Like everything has an order that it works, and it goes directly and it does that.

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There are divine laws.

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Correct.

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There's a law giver.

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And what's interesting about the Big Bang and you do the Big Bang Theory is, you know, it's like everything is spreading and everything is moving out.

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And it goes to one of the things that I always think about with God is, you know, and there's parts of like people are always like, oh, you know, Christianity is a monotheistic religion.

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And it's like, no, it's a monotheistic king, but even in the Bible it says you will have no other gods before me.

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And so even the Bible in and of itself doesn't disagree that other gods could exist.

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It has the greater piece that there is only one God that you should worship and there's only one God who is the true God of all things and created all things.

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Right.

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Where I'm going with this, though, from an objective truth perspective, that's really fascinating, interesting to this is physics.

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And so what I mean by this is.

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When you look at the Bible or any great text and look at propaganda, as we're already seeing with MKUltra and everything.

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Everything has momentum.

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This conversation has momentum.

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It had like you put something into it and you started a kickstart going in the direction.

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A text, a Bible or whatever it is, starts people.

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It's putting something into a system and it starts moving in a direction.

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The big bang, the system started and it's expanding out.

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Something happened. And so there's a cause and effect.

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Like all of these laws have been set into motion.

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And so it's interesting, though, is and from a Christian perspective, like this just continues to affirm for me more and more how God is real and true.

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Incorrect, because. Even God obeys the laws of physics.

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And so what I mean by that was in the Bible, if you look at the arc of God's people.

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I have a chosen people. These are my people.

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And you will be set apart and set above everyone else.

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In order for that to change, he did something.

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He still obeyed the law like he could have done nothing, but he still obeyed the laws of the world that he had created.

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And it's like I'm going to do a thing.

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Shed blood to to allow a new thing to happen.

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And so it's it's for me that just continues to affirm the Christian God is the correct God.

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And the God and God, capital G, because.

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If you as the God obeys the laws, you came down and you you you subjected yourself to these laws to get a greater understanding of them, you became Christ and you went through it and you did this thing.

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It's like that is standing on truth.

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And so it's this greater thing of like Fiat.

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Fiat has no truth. Up is down. Down is up. Left is right.

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One dollar is actually worth a gajillion dollars because I said so. There is no truth there.

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And so to your greater point of having a truth, it's like.

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There is the truth, capital T. Thank you, camera for freezing.

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There's the truth, capital T. And what's great about the Christian God is he obeys that in every regard.

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You know, and even in the the land on this thing.

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But what's fascinating about Jesus Christ as a person, you know, not just as the God, but they're like he was three things.

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Father, son, Holy Spirit. He was holy man and holy God.

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And he could have abdicated himself from the responsibility of being holy man.

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But we know he didn't, because even in that moment before he he succumbed to death, the final thing for man while he's on the cross.

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You know, he cried out L.A., L.A., L.A. in that fear, like that fear, that mortal fear of like what happens next?

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Like he went through it. And so it's so.

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Cool, this objective truth piece thing for me, because it's like objective truth is what is going to unlock the next.

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Kind of like a tier of human evolution and landing the plan on Bitcoin, there is only one true, objectively store of value, and that is Bitcoin.

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And that to me, it's like all this stuff is just like, thank God for Bitcoin.

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It's just it's just.

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You you brought up momentum.

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I would say generally.

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People don't understand what inflation even is.

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And.

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I know there's there's a lot to it, first of all, and I'm kind of backing it up to inflation.

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Also, I'm going to kind of bond or play devil's advocate in a way with this, because you said that some people say that inflation is good.

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And first of all, most people don't seem to know what inflation is, where it comes from.

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The Fed has a target of two percent inflation.

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I think it's something like every 30 years with two percent inflation, the value of your money gets cut in half.

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So if you save one hundred thousand dollars over that time period, it will be worth in 30 years the equivalent of what fifty thousand would buy you now.

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Anyway, point being.

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Our money is made to devalue over time.

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And it's a process that nobody's really in control of.

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And so it's always, you know, one at one point inflation will be eight percent like it was while Biden was in office.

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You know, there it's possible that during the covid era, inflation went up to like twenty five percent on some on some things like lumber.

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Inflation was like at one hundred percent, et cetera.

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And you often hear people say in the media that inflation is slowing or inflation is going down.

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You hear them saying inflation is going down.

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What inflation is going down means is not that things have gotten cheaper or will get cheaper.

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It means things are getting less.

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They're getting expensive at a slower rate.

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It's just the momentum that's slowing down.

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Inflation is always momentum.

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And in regards to so I'll go back to why inflation is good playing devil's advocate.

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The reason why they say inflation is good is because let's say that you take out a hundred thousand dollar loan and you have a 30 year mortgage on it or something like that.

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Well, 30 years from now, the equivalent of that loan is half of the value.

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And so over time it gets cheaper and cheaper for theoretically for you to service the loan.

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So essentially, people would just believe at this point that you're going to be in debt all the time.

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Everybody's just taking on debt for their entire lives.

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We're living a debt based life.

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And so as we get older, it gets a little bit easier to pay off that debt if inflation keeps going on.

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But our income matches our exceeds our inflation targets.

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Yeah.

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And it doesn't mean that your income is going to go up just because there's inflation.

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Your income might stay the same, which means that you're equivalent making less and less every year.

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Even if it's the same dollar amount, it buys you less things, which is exactly what we're experiencing.

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So I've been droning on about this a little too long, but there was a thing called modern monetary theory where, you know, a few years ago, everybody was talking about it.

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Everybody was saying with modern monetary theory, we can just print money to pay off all of our debts.

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Why don't we take out debt and poverty and homelessness, you know, give people free health care?

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And we'll just print more money and pay off that.

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Nobody talks about how every third world country does the exact same thing and runs their currency into zero.

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And pretty soon you have it like a three trillion dollar note like in Zimbabwe.

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It's been tried over and over and over again.

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And it always fails.

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So anyway, I just want to go back.

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I just want to explain why people say inflation is good.

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It's ridiculous that people say that because obviously it makes everything worse.

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Yeah, but they believe it because they just want their debt to be cheaper.

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It honestly it feels like the it feels like the Mafioso like.

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Mafioso ethic, which is, oh, well, everybody's going to do some bad things.

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You know, that's never going to change.

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So we're going to be there and help them out.

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You know, everyone's going to do the drugs.

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We're going to sell the drugs.

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Hey, you know, whatever.

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Everyone's going to go to the strip clubs.

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We're going on the strip clubs.

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Somebody's got to.

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Everybody's got to.

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We're the great, you know.

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Yeah, that's like in California.

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Yeah, that way.

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Everybody's going to everybody's going to get into debt.

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So so we might as well just devalue the debt.

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You know, everyone everyone's going to be in debt.

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So we're just going to divide the debt.

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That's that's what we're that's how we that's how we it's literally just Mafioso ethic.

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It's insanity.

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Yeah.

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What do you guys think in terms of in terms of like, let's pull that thread out.

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And the.

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Objective truth aspect of that.

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Like, do you think the belief that everybody's going to do it actually perpetuated makes it worse?

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Like, is that one of the reasons we're in this pickle?

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We are with 70.

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God, you know, 70 trillion.

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Sorry, got 70 gajillion is where I was going.

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And I said, God, but like, you know, all of this God zillion.

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Yeah, God zillion.

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This fiat stupidity.

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Is it?

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Are we in this pickle?

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Because the truth, the lies of everything, the lie people have believed is somebody else is going to do it.

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So why not me?

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Like, is that why we're here?

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Yeah, exactly.

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And it's why people don't want any austerity now.

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Yeah.

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So, yeah, it's like right now we're in this this time period, you know, partly, I guess,

00:18:09.079 --> 00:18:16.079
because of Doge, even though I don't really believe that this current administration is not going to print just as much money as every past administration.

00:18:16.079 --> 00:18:18.079
It's kind of like speaking of momentum.

00:18:18.079 --> 00:18:22.079
There's a lot of momentum in government for money printing.

00:18:22.079 --> 00:18:29.079
But theoretically, with the trimming back of all of these NGOs, government programs,

00:18:29.079 --> 00:18:36.079
nonprofits that were getting the first of the money printing, it makes for less money that's going around.

00:18:36.079 --> 00:18:42.079
People are so addicted to that money just being distributed and like that little that little trickle that they got.

00:18:42.079 --> 00:18:45.079
They're not really the ones printing the money, but they get a little trickle of it.

00:18:45.079 --> 00:18:47.079
And now everybody's upset.

00:18:47.079 --> 00:18:54.079
Nobody wants that austerity right now, even though I just read today that inflation technically right now is like one point two five percent.

00:18:54.079 --> 00:18:56.079
It's the lowest it's been in like a decade.

00:18:57.079 --> 00:19:00.079
Because they turn the money printer the spigot off.

00:19:00.079 --> 00:19:04.079
How are we going to do one of the things?

00:19:04.079 --> 00:19:13.079
So jumping back to the like the measurement piece, I as I was going through this, I was like reading what Jesus said.

00:19:13.079 --> 00:19:22.079
And as you measure, like, so I was like, OK, so we're measuring things incorrectly because our measuring stick is what is it?

00:19:22.079 --> 00:19:28.079
The slinky or the melting ice cube, like all the insert, all the metaphors changing ruler size.

00:19:28.079 --> 00:19:31.079
Slinky is my favorite of all the measuring instruments.

00:19:31.079 --> 00:19:34.079
Yeah, completely insane. Ridiculous.

00:19:36.079 --> 00:19:42.079
But what happens when we apply that to civilization?

00:19:42.079 --> 00:19:54.079
So I asked Claude three point seven or whatever, two point seven, whatever it is like what happens to, you know, take Jesus's words here and apply.

00:19:55.079 --> 00:20:03.079
We are using a monetary instrument that doesn't value things correctly.

00:20:03.079 --> 00:20:05.079
It just totally devalues everything.

00:20:05.079 --> 00:20:07.079
What happens to civilization?

00:20:07.079 --> 00:20:08.079
And it just went through the list.

00:20:08.079 --> 00:20:09.079
Boop, boop, boop, boop, boop.

00:20:09.079 --> 00:20:20.079
And. Though I was just like mind boggled by this one on on on there, it said this is just the A.I. spitting it out.

00:20:20.079 --> 00:20:29.079
Oh, if if your measurement for reality, essentially, because that's what money is, is a measurement of reality.

00:20:29.079 --> 00:20:35.079
If it's broken, you're going to have a real hard problem understanding what is.

00:20:36.079 --> 00:20:40.079
Like what are the things like what is how what is existence?

00:20:40.079 --> 00:20:44.079
How do we understand ontological problems and ontological truth?

00:20:44.079 --> 00:20:48.079
And like what is ontology just as a concept?

00:20:48.079 --> 00:20:51.079
What is that? What is what's the whole thing right now?

00:20:52.079 --> 00:20:54.079
Immediately under that's like there's some.

00:20:54.079 --> 00:20:58.079
OK, so cool. What is it's hard to for us to understand what is anymore.

00:20:59.079 --> 00:21:01.079
And right immediately under that is.

00:21:03.079 --> 00:21:07.079
Objective truth claims will just be seen as power grabs.

00:21:08.079 --> 00:21:18.079
That's. And so for me, as a guy who's consumed Keller's work for four years, it's immediately just like boop.

00:21:19.079 --> 00:21:26.079
Huge light bulb goes light bulb goes off because one of Keller's points was one of his big, huge.

00:21:26.079 --> 00:21:32.079
You know, he wrote the book Reason for God in large part because of this idea, which is.

00:21:34.079 --> 00:21:53.079
If Nietzsche said and Nietzsche and Foucault basically made arguments towards this end, which was, well, how can we know that all truth claims like the claims made by Christianity aren't just power grabs that the church uses to keep and retain and grow its own power?

00:21:53.079 --> 00:22:00.079
How can we know that it's it's either objectively true or it's just it's just a group of people trying to get power, just like everybody else.

00:22:01.079 --> 00:22:10.079
And Keller's point is that, well, if that's true, well, then Nietzsche's objective claim that that's just a power grab is itself a power grab.

00:22:11.079 --> 00:22:12.079
And so why should we trust that?

00:22:13.079 --> 00:22:31.079
And so when you devalue the currency, you run into ontological problems and the ontological problems manifest themselves in the highest levels of philosophy as logical or illogical, just objective garbage, essentially.

00:22:32.079 --> 00:22:35.079
And then so it's the garbage in, garbage out, which is what he's saying.

00:22:36.079 --> 00:22:39.079
If you measure something with this, you're going to have terrible results.

00:22:40.079 --> 00:22:42.079
If you measure, if you use a terrible thing, it's going to be terrible.

00:22:43.079 --> 00:22:44.079
Yeah.

00:22:47.079 --> 00:22:50.079
Like the power grab of the Bible falls, falls apart.

00:22:51.079 --> 00:22:52.079
And it's the exact same thing, though, that actually.

00:22:54.079 --> 00:22:57.079
You know, it's kind of like the coincidence, right?

00:22:58.079 --> 00:23:06.079
If what I was saying before is the God of like the Christian God, the Jewish God, essentially one in the same, you know, Yahweh.

00:23:07.079 --> 00:23:14.079
But if that God is to be believed, and this is my ignorance, by the way, I can't speak to the Allah and the Quran.

00:23:15.079 --> 00:23:18.079
I think it's a little bit different, but that's just ignorance here.

00:23:19.079 --> 00:23:24.079
But so I can't speak educatedly on that particular topic because I just don't care.

00:23:24.079 --> 00:23:25.079
The.

00:23:26.079 --> 00:23:27.079
And it's more so it's not that I don't care.

00:23:28.079 --> 00:23:39.079
But the where I'm going with this is even in the historical things that have been corroborated by multiple, you know, historians of the day.

00:23:40.079 --> 00:23:42.079
It's like the walls of it.

00:23:43.079 --> 00:23:51.079
I don't know if it's like Jericho, but it's like there's a couple of different like random historical things of the Bible that happened that Jesus did or whatever it was.

00:23:51.079 --> 00:23:57.079
That are corroborated by Romans or corroborated by other people and old historical texts that have been found.

00:23:58.079 --> 00:24:03.079
All of them obey the laws of physics and they're unique in different ways.

00:24:04.079 --> 00:24:07.079
So it's like, you know, the only one that's like interesting, like lots wife turns a nuclear assault.

00:24:08.079 --> 00:24:12.079
But the one that's interesting is like when people like were devoured by the earth.

00:24:13.079 --> 00:24:16.079
Well, you just basically like a really targeted earthquake.

00:24:17.079 --> 00:24:18.079
And it's like, boom, you're done like a sinkhole.

00:24:18.079 --> 00:24:19.079
Like we've seen sinkholes happen.

00:24:20.079 --> 00:24:21.079
Right. And it's just.

00:24:22.079 --> 00:24:30.079
And so where I'm going with this, though, is it's continuing to affirm, though, of like, you know, the Bible is not Harry Potter.

00:24:31.079 --> 00:24:38.079
And that's a good like the Bible of everything that we talk about is all obeying the laws of physics.

00:24:39.079 --> 00:24:46.079
And even like when Bible, you know, when Jesus is in the boat and calms the storm, you know, the storm still had to come to a stop.

00:24:46.079 --> 00:24:51.079
They didn't say kind of like in like the Truman Show.

00:24:52.079 --> 00:24:53.079
You know, he hits the wall and it's just off.

00:24:54.079 --> 00:24:56.079
Right. Like even in the Bible, it says like the storm called.

00:24:57.079 --> 00:24:58.079
Right. And like that's different.

00:24:59.079 --> 00:25:00.079
Like immediately went quiet and started to calm.

00:25:01.079 --> 00:25:04.079
You know, it's it's it's it's just unique.

00:25:05.079 --> 00:25:08.079
It's cool. It's it's very cool to see the.

00:25:09.079 --> 00:25:10.079
The.

00:25:11.079 --> 00:25:19.079
Just the the the following objective truth in this book that is seen as a historical text, but actually is, you know, more than that.

00:25:20.079 --> 00:25:37.079
I'm having a thought that you can't really understand morality if you don't have a way of denominating value that that has like a dependable value over time.

00:25:38.079 --> 00:25:42.079
So basically, if you have an inflation, you can't understand morality.

00:25:43.079 --> 00:25:54.079
Take the Bible, for example, you can go back and you can, you know, if you're talking about a denarius or whatever, the different what are some of the the talents, the there's like different denominations.

00:25:54.079 --> 00:26:11.079
And oftentimes in the footnote, it'll say like this was equivalent to a month's wages and your wages are essentially a moral value of of what your effort or your talent can can get you in value terms.

00:26:12.079 --> 00:26:17.079
And so when the money's broken and you don't know what the value is, you almost can't even judge morality.

00:26:17.079 --> 00:26:24.079
And that would make a lot of sense because whenever there's hyperinflation in countries, usually the morality goes completely out of whack.

00:26:25.079 --> 00:26:28.079
Like, it's the most overused example, but it's it's a pretty good example.

00:26:29.079 --> 00:26:32.079
When you start doing COVID, you start hearing the riots during the BLM and all those other riots.

00:26:33.079 --> 00:26:35.079
It's like other people are going to go, you know, steal crap.

00:26:36.079 --> 00:26:40.079
I'm going to go steal crap, too. And it's like, you know, some of the people that they arrested, they're just like, oh, my friends.

00:26:41.079 --> 00:26:45.079
And it's just like, you know, morality becomes mob morality and it's and it's false.

00:26:46.079 --> 00:26:47.079
The lowest common denominator of the mob.

00:26:48.079 --> 00:26:50.079
Yeah. And I think about the time preference argument as well.

00:26:51.079 --> 00:26:53.079
Yeah, they were they were throwing money around.

00:26:54.079 --> 00:26:56.079
They were giving PPP loans. People were taking advantage of those.

00:26:57.079 --> 00:26:59.079
People were filing for unemployment in California.

00:27:00.079 --> 00:27:02.079
It was like, click a button. You just get money.

00:27:02.079 --> 00:27:09.079
People were taking on multiple, you know, if they could, they were taking on multiple jobs where it's like a work from home type of situation.

00:27:10.079 --> 00:27:11.079
They weren't paying their mortgages.

00:27:12.079 --> 00:27:13.079
They weren't paying their student loans.

00:27:14.079 --> 00:27:18.079
And, you know, you were getting the stimulus checks and you had crazy inflation going on.

00:27:19.079 --> 00:27:21.079
There was like a sort of price gouging everything.

00:27:22.079 --> 00:27:31.079
All objective value as far as how it gets tied to how it's denominated in the dollar amount got completely thrown out of whack and society just unraveled.

00:27:32.079 --> 00:27:33.079
Almost immediately.

00:27:34.079 --> 00:27:42.079
That, I think, is why you're that is the reason why I think bond or in my belief of how.

00:27:43.079 --> 00:27:51.079
Bitcoin hyper Bitcoin is are so, I think, diametrically opposed, but he has way more faith that they can.

00:27:52.079 --> 00:27:58.079
And I'm speaking out of turn here, but that they can land this plane without running this thing into a wall.

00:27:59.079 --> 00:28:00.079
And I have very little faith in that.

00:28:00.079 --> 00:28:03.079
So I think it's going to get way worse because they're trying to do like right now.

00:28:04.079 --> 00:28:07.079
You see with Trump, they're trying to do a controlled demolition of the dollar.

00:28:08.079 --> 00:28:11.079
If you're not paying attention, new slash, that's what's happening right now.

00:28:12.079 --> 00:28:20.079
Like a big strategic Bitcoin reserve and a crypto stuff like they're hedging against, you know, and also why have we not gone into Fort Knox yet?

00:28:21.079 --> 00:28:22.079
Because there's no gold.

00:28:23.079 --> 00:28:24.079
Like they know how much gold is in Fort Knox.

00:28:24.079 --> 00:28:27.079
Like they are very, very much aware of what's going on.

00:28:28.079 --> 00:28:35.079
But he's literally, you know, there's a reason Jay Powell, Jerome Powell, by the way, if you're new.

00:28:36.079 --> 00:28:44.079
There's a reason Jay Powell was dovish yesterday, but was starting to blame the tariffs.

00:28:45.079 --> 00:28:48.079
So he was he was starting to point the fingers at something he doesn't control.

00:28:49.079 --> 00:28:50.079
He doesn't control tariffs.

00:28:50.079 --> 00:28:55.079
But at the end of the day, this whole problem is because he prints money and he lets banks print money.

00:28:56.079 --> 00:28:57.079
And there's a whole bunch of videos on that.

00:28:57.079 --> 00:28:58.079
We don't need to rehash it here.

00:28:59.079 --> 00:29:01.079
And I don't think they're smart enough to pull out of this.

00:29:02.079 --> 00:29:04.079
I don't know that there's no gold in Fort Knox.

00:29:04.079 --> 00:29:05.079
Maybe there is.

00:29:06.079 --> 00:29:12.079
It's very possible also if they went into Fort Knox and they took an account of the gold, it would just bring it back into people's minds.

00:29:12.079 --> 00:29:15.079
And people would be like, oh, our money's backed by the gold.

00:29:16.079 --> 00:29:19.079
And then they'd be like, I mean, that's not what it is now.

00:29:19.079 --> 00:29:20.079
Oh, perfect.

00:29:20.079 --> 00:29:22.079
We can we can print a whole bunch more money now because we know.

00:29:23.079 --> 00:29:24.079
Yeah, yeah, exactly.

00:29:24.079 --> 00:29:26.079
Yeah. Rehypothecation is the problem.

00:29:26.079 --> 00:29:32.079
And if you're new here also, you know, that's what happened with and if you're going to like, oh, Bitcoin is bad because it like crashed on stuff.

00:29:32.079 --> 00:29:33.079
It's because it was rehypothecated.

00:29:33.079 --> 00:29:35.079
That's what happened with SVF and FBX.

00:29:36.079 --> 00:29:38.079
And that's probably happening now.

00:29:38.079 --> 00:29:44.079
There's a very non-zero chance that Coinbase is rehypothecating because they have the most Bitcoin.

00:29:44.079 --> 00:29:47.079
And it's the easiest to do that when you have the most Bitcoin.

00:29:47.079 --> 00:29:49.079
But it is a game of musical chairs.

00:29:50.079 --> 00:30:04.079
And you get to a point where, you know, if you if you look at what's happening like BlackRock, like, you know, they're playing musical chairs because BlackRock changed the terms and conditions of their agreement to move their a portion of their Bitcoin.

00:30:04.079 --> 00:30:12.079
Or rather, I think they can call the Bitcoin and you go back into it like they can call their Bitcoin to be moved within like 24 hours or 48 hours, something like that.

00:30:13.079 --> 00:30:14.079
That's a lot of Bitcoin.

00:30:14.079 --> 00:30:25.079
If you're not aware to move like that's tens of billions, if not hundreds of billions or trillions of dollars when Bitcoin continues to skyrocket to be able to move in 24 hours or less.

00:30:25.079 --> 00:30:27.079
And that's not how normal capital markets work.

00:30:27.079 --> 00:30:32.079
Like normal capital markets like that's like weeks to months of a transaction to settle type thing because you got to move it.

00:30:32.079 --> 00:30:36.079
Then some of the books and Bitcoin you're done and it's going to cost them like 85 cents.

00:30:36.079 --> 00:30:42.079
It's crazy how you can move.

00:30:42.079 --> 00:30:43.079
It doesn't matter.

00:30:43.079 --> 00:30:45.079
Like, let's say you have a cold card.

00:30:45.079 --> 00:30:56.079
Let's just say theoretically you had a thousand Bitcoin or you had a thousand dollars worth of Bitcoin, your cold card or your hardware wallet, whatever company it is.

00:30:56.079 --> 00:31:02.079
If it is actually a hardware wallet, if it's not some piece of software, some like cash out type thing.

00:31:02.079 --> 00:31:07.079
It really doesn't matter whether it's a thousand dollars or a thousand Bitcoin worth.

00:31:07.079 --> 00:31:09.079
Is that a billion dollars?

00:31:09.079 --> 00:31:11.079
Was it a thousand hundred million?

00:31:11.079 --> 00:31:12.079
What's that?

00:31:12.079 --> 00:31:12.079


00:31:12.079 --> 00:31:13.079
I don't know.

00:31:13.079 --> 00:31:15.079
I don't know what the Bitcoin is.

00:31:15.079 --> 00:31:17.079
Yeah.

00:31:17.079 --> 00:31:19.079
Yeah.

00:31:19.079 --> 00:31:21.079
It's pretty crazy.

00:31:22.079 --> 00:31:33.079
These companies aren't storing all that Bitcoin in one place with like, you know, it also means that theoretically a company, I'm not saying that this is how Coinbase does it or any of these companies.

00:31:33.079 --> 00:31:43.079
But if the Bitcoin was stored in one place and somebody got access to those private keys, they could just take the money in one fell swoop and it would be gone.

00:31:43.079 --> 00:31:45.079
So there's a lot of risk in third parties.

00:31:45.079 --> 00:31:46.079
That's all I'm saying.

00:31:46.079 --> 00:31:47.079
Yeah.

00:31:47.079 --> 00:31:48.079
Don't do it.

00:31:48.079 --> 00:31:49.079
Don't do it, guys.

00:31:49.079 --> 00:31:50.079
No third parties.

00:31:50.079 --> 00:31:55.079
How does this pertain to entertainment?

00:31:55.079 --> 00:32:02.079
That's, I think, one of the things, you know, where we're all uniquely capable and actually, I would say, experienced to speak.

00:32:02.079 --> 00:32:09.079
But, you know, I'd be curious your take, Bondor, on the what does this do to how entertainment is made?

00:32:09.079 --> 00:32:12.079
And we were, you know, in our offline chat, we're just seeing AI.

00:32:12.079 --> 00:32:14.079
You know, Veo is destroying.

00:32:14.079 --> 00:32:18.079
Google Veo is doing a phenomenal job of just changing.

00:32:18.079 --> 00:32:19.079
Yeah.

00:32:19.079 --> 00:32:30.079
I mean, one thing that immediately comes to mind is just what Anton's saying about inflation makes morality very subjective, whatever.

00:32:30.079 --> 00:32:37.079
And the consequence of that is like people want to consume art that is less art and more drugs, sex, violence.

00:32:37.079 --> 00:32:38.079
Right.

00:32:38.079 --> 00:32:39.079
That's more of a drug itself.

00:32:39.079 --> 00:32:40.079
Yeah.

00:32:40.079 --> 00:32:41.079
The art is a drug.

00:32:41.079 --> 00:32:42.079
Yeah.

00:32:42.079 --> 00:32:43.079
Yeah.

00:32:43.079 --> 00:32:44.079
I don't want to see gratification.

00:32:44.079 --> 00:32:56.079
I just want to see, you know, whatever the thing is, as opposed to I want to actually be engaged with the story and understand the complexity of the issue that's at hand.

00:32:56.079 --> 00:32:57.079
And how do these characters deal with it?

00:32:57.079 --> 00:33:01.079
And how do they grow through this process and how the relationship changes?

00:33:01.079 --> 00:33:11.079
The whole like backbone of good storytelling is just replaced by how many flips can the car do when it crashes into the food cart?

00:33:11.079 --> 00:33:12.079
Right.

00:33:12.079 --> 00:33:15.079
And it's just, this is not, it's just goofy.

00:33:15.079 --> 00:33:19.079
So I think there's actually two ways.

00:33:19.079 --> 00:33:25.079
You can almost see it as a breakaway civilization kind of thing.

00:33:25.079 --> 00:33:34.079
On one camp, we have the legacy world, which just wants drugs, sex, violence, and all of that.

00:33:34.079 --> 00:33:39.079
And then the other camp, we have Bitcoiners who want, their time preferences are lowering.

00:33:39.079 --> 00:33:49.079
And we're talking about generations of high time preference being built into the next generation and their high time preference raising, built into the next generation, their high time preference raising.

00:33:49.079 --> 00:33:56.079
This is the first generation of people who are now, like the Bitcoiners, are now on the lower the time preference.

00:33:56.079 --> 00:34:01.079
Now, I don't know how fast you can lower your time preference, like honestly.

00:34:01.079 --> 00:34:04.079
For myself, it's super difficult.

00:34:04.079 --> 00:34:13.080
Like I grew up listening to EDM, DJing, like going to raves and all sorts of other stuff.

00:34:13.080 --> 00:34:17.080
Yeah, boots and cats, boots and cats.

00:34:17.080 --> 00:34:20.080
Now it's just not interesting to me.

00:34:20.080 --> 00:34:23.080
But it's taken me years, right?

00:34:23.080 --> 00:34:31.080
It's like how many, like my parents thought EDM was whatever, goofy.

00:34:31.080 --> 00:34:34.080
Their parents thought the Beatles were goofy.

00:34:34.080 --> 00:34:38.080
My great grandparents, I'm sure, thought big band was goofy, right?

00:34:38.080 --> 00:34:40.080
The jazz era was goofy.

00:34:40.080 --> 00:34:44.080
Like, so how are we undoing that?

00:34:44.080 --> 00:34:46.080
Culturally, what does that look like for film?

00:34:47.080 --> 00:34:50.080
And then we still live in a fiat-denominated world.

00:34:50.080 --> 00:34:54.080
Which one of these things is going to play out and which one is going to be more important or whatever?

00:34:54.080 --> 00:35:05.080
One of the things that's interesting, like Anton, I think you mentioned like the BLM riots and all the other stuff, like all that insane goofiness being predicated on an inflating currency.

00:35:05.080 --> 00:35:14.080
Well, what does that look like today under a 1.2% inflation paradigm?

00:35:14.080 --> 00:35:20.080
Not a lot of people are, I mean, a lot of people are whatever, keying Teslas, right?

00:35:20.080 --> 00:35:23.080
But it's not like, have we seen the mass riots yet?

00:35:23.080 --> 00:35:26.080
Like have we seen, where's all that stuff?

00:35:26.080 --> 00:35:27.080
It's not really happening.

00:35:27.080 --> 00:35:31.080
Maybe it will happen with whatever kind of outrage can be manufactured next.

00:35:31.080 --> 00:35:42.080
But it's like, bro, the narrative is like the people keying Teslas are like these guys are the saddest, most NPC people that have ever existed.

00:35:42.080 --> 00:35:44.080
Like nobody wants to follow that.

00:35:44.080 --> 00:35:47.080
Anybody who has a brain doesn't want to follow that, right?

00:35:47.080 --> 00:35:58.080
Whereas you felt like this moral imperative, not that I did, but like many people felt a moral imperative to participate in the BLM stuff, right?

00:35:58.080 --> 00:36:01.080
That moral imperative, was that from inflation?

00:36:01.080 --> 00:36:07.080
Now that's gone presently, probably will come back.

00:36:07.080 --> 00:36:13.080
That's probably JD where you and I get this differentiation where it's like, I'm basically like Bitcoin's a firewall.

00:36:13.080 --> 00:36:30.080
Like we're essentially anybody who's on that page is going to have protection and be able to weather these, the drama that's coming from the fiat world as a firewall protects you from the fire or the flood or whatever.

00:36:31.080 --> 00:36:43.080
So maybe, maybe our disagreement is really just, hey, we think one thing is bigger and more powerful versus the other thing, which is less, less big and less powerful and doesn't have the, you know.

00:36:43.080 --> 00:36:55.080
Yeah, I, I, um, I'll tell a quick like random story, but I have very, I will say AI has made me more or less optimistic.

00:36:55.080 --> 00:37:09.080
Your objective truth thing, and I was thinking about AI, that is actually the most important thing when it comes to AI, because if the objective truth of AI comes to rest on, there should be no pain.

00:37:09.080 --> 00:37:14.080
If that is where it is, then there is only one solution and that is mass extinction.

00:37:15.080 --> 00:37:26.080
Like that, that, that, that is the thing. If you are just an item, like if, if, if the moral imperative is there should be no pain, the only way to eradicate pain is to eradicate existence.

00:37:26.080 --> 00:37:30.080
That's terrifying, right?

00:37:31.080 --> 00:37:53.080
And so this is actually why this question is so important, because, you know, answering it wrong in a moment when we're playing God, and I do believe AI is a form of playing God, does result in what Elon is afraid of, which is a mass extinction.

00:37:54.080 --> 00:38:07.080
And it's, and I think his math is probably correct of like 80-20. There's like an 80% chance that we get this thing right, and there's a 20% chance that we're all going to die. I mean, there's 100% chance we're all going to die, but there's like 20% chance like everybody, like everything.

00:38:07.080 --> 00:38:18.080
So there's actually a really interesting Christian, philosophical, biblical argument that basically says we're not, it's like you can just discount that risk.

00:38:18.080 --> 00:38:29.080
Like, like, sure, there's going to be a, like, end days apocalypse, etc. or not. I mean, depends on how you interpret it. Right.

00:38:30.080 --> 00:38:44.080
But if, if God's like, oh, yeah, we're going to create man for the purpose of like, so that man can destroy themselves. It's like, well, just, it doesn't really check out.

00:38:44.080 --> 00:38:56.080
And I'd have to go back and look at the arguments better. But if I recall correctly, it's just like, there's a lot of inconsistencies within the like, the logic of why do any of this?

00:38:56.080 --> 00:39:15.080
You know, and to the degree where you're like, well, it's really about humanity kind of just continues to grow, literally terraforms the stars, like, it's just, it's just gonna go, and we're just gonna go and go and go.

00:39:15.080 --> 00:39:24.080
And I really don't buy into the, if we could just get through this one little, nah.

00:39:25.080 --> 00:39:44.080
I do agree that from a biblical perspective, the robots rising up and killing us Terminator style, and becoming self aware and exterminating humans. It's not what the Bible says is going to happen exactly. So if you believe the Bible is kind of like speaking to future events, you can say, okay, it's not gonna happen.

00:39:44.080 --> 00:40:08.080
But it is true that we are creating the robots and creating the AI with the intention of killing humans, they are creating war robots that are armed. And, you know, there, there already exists a technology to where you have like a killer drone that the second it sees the face of the target in the crowd, it just immediately, in an instant kills that person.

00:40:08.080 --> 00:40:26.080
So will human beings be killed by AI? I think absolutely, if it hasn't happened already. But will the AI just become so smart that it thinks that humans are like a plague on the earth and then kills all the humans? I don't know. That's, that's to be seen. But as far as the entertainment industry goes,

00:40:26.080 --> 00:40:28.080
I am robot thesis, right?

00:40:57.080 --> 00:41:10.080
Sorry to dox everybody, but we live in the Southern California region, we work in the film industry. And there are a ton of studios that recently got built. Meanwhile, everything's going virtual. You don't even need studios.

00:41:11.080 --> 00:41:28.080
Actors could act things out in their own apartment. And just the AI can like swap characters, swap voices, whatever. So why do these studios get built, essentially, because the loans got taken out a long time ago, and they're just getting started building and the loans are, you know, 30 year 50 year loans.

00:41:29.080 --> 00:41:55.080
And as the the interest rates went up, loans got more expensive. Money was spent too quickly, it wasn't managed well. And now there isn't a whole lot of money going around. And so things are getting made things are getting made, not because AI has killed Hollywood. But psychologically, it has sort of killed the momentum a little bit because people are so scared of a thing that doesn't even exist yet.

00:41:55.080 --> 00:42:13.080
So anyway, my whole point is just that there's a lot of opportunity right now to use AI as a tool, and to make really good compelling entertainment commercials and things like that. And, and also because things are so slow in the entertainment world right now.

00:42:13.080 --> 00:42:40.080
And on on top of all that stories have been terrible, because there have been a lot of things ham fisted into the stories like diversity, equity and inclusion that just make for bad stories. And all of those reasons are why Hollywood is not doing well. And it's not necessarily because of AI and eventually AI also will very much disrupt studios.

00:42:43.080 --> 00:43:07.080
Yeah, one of the things that I've been thinking about recently is that there's no courage in filmmaking anymore. Like, it's just, it's just MBAs saying, Oh, well, we know this is going to work, like run the numbers, look at the statistics, like the statistics say people are going to buy a fast 17. We got at least like four more, you know, movies out of this franchise left, like we can do this, we can just keep pumping this out.

00:43:07.080 --> 00:43:30.080
But what, you know, the real consequence there is that everyone is just getting there's literally nothing courageous about, like, I don't know where I saw this, but something was like, no, to be a good filmmaker, and to be a good director, you kind of have to think above, like, you are above the law, not that you are, but like, you have to think about reality differently.

00:43:31.080 --> 00:43:48.080
You have to think about, like, how can we bend people's minds and bend, like, push, push the necessarily push the envelope in terms of drug, sex and violence, but push the envelope in terms of narrative, like, where, where do people want to go in terms of a story?

00:43:49.080 --> 00:44:06.080
You know, when, when that's gone, it's just frozen 17. Like, yeah, okay. And there's, there's literally, there's no courage, there's no, I don't know, people taking risks, like putting themselves on the line or anything. It's just well, yeah, I can, I'll just do access Hollywood or whatever.

00:44:07.080 --> 00:44:30.080
I do think what's interesting about this is, is it's going to change because it has to change. And why does it have to change, though, is I actually think the death throes of Hollywood, which is where we're in right now, are going to make people desperate. I have a lot of friends who are actors, I'm sure you guys are too, but they're getting desperate and desperate people find solutions.

00:44:31.080 --> 00:44:57.080
And so it's going to be a really, it's kind of amazing that this rise of the AI film thing is happening now at this moment where all these actors are getting desperate. You know, like Andrew Russo, who's the comic who's on Twitter, who is on Twitter, Instagram, YouTube, whatever, but like, he just talks to himself. Right. But I'm sure that was born out of a desperation to be able to do comedy and do it really, really well. And he's found a really good niche in a format.

00:44:57.080 --> 00:45:13.080
Now, it's specific, right? It's not groundbreaking filmmaking by any sense, but he's building an audience so he can ultimately do what he wants to do, which is why we're doing this thing here is to like start trying to drum up, find our voices, you know, talk it out, figure that thing out and find our audience.

00:45:13.080 --> 00:45:38.080
And what's fascinating to me is you were talking a little bit earlier, Bondor, about kind of like you don't know how far the pendulum swung in terms of morality. But I think what's interesting is the pendulum of morality feels like a slow moving object.

00:45:39.080 --> 00:46:02.080
And this pendulum of time preference, like we are that first generation that is moving it back the other direction. You know, the beginning of like the momentum has stopped. And the introduction of Bitcoin in 2009 was the first moment where it stopped and started going back the other way. And so we're kind of living at the beginning of that.

00:46:03.080 --> 00:46:29.080
If it is even started going back the other way at all, right, because something that's you look at the physics of it, going back to physics, the momentum for anything, it's like the deceleration, it's still going in the same direction, but the deceleration, like, that's true, then it has to go over the curve. Now, for each person is going to be different. Are we taking this in an aggregate across civilization, blah, blah, blah, like, there is there has to be slowing before there can be a reversing.

00:46:29.080 --> 00:46:45.080
That's true. That's true. But for sure, the momentum is friction and is an equal or opposite reaction because of conservation of mass. And so, you know, toxic Bitcoin maximalists are the beginning of that for sure.

00:46:46.080 --> 00:46:58.080
And I'd say, you know, I take Christians were probably, you know, a force that kind of was like gravity, always kind of pulling it back towards one direction. But I would say Bitcoiners are this.

00:46:59.080 --> 00:47:20.080
Well, I mean, hard. Yeah, the Christians, you know, the Christians were supposedly doing that, but really, they're just retarding themselves like fire retardant by using fiat. And so now the combination of Bitcoin plus Christianity really starts to actually be a stop.

00:47:21.080 --> 00:47:43.080
Like the church militant gets gets woken up because the church militant is armed again. Right. Like, we're not just shooting ourselves in the foot every time we say something. It's just like, whoa, wait a second. This is like, no, we're not doing that. And literally, we're not doing it anymore. We're not using fiat anymore. So sorry. Like, it's just civilization is not going to go that way.

00:47:43.080 --> 00:47:45.080
Yeah, according to us. Right. Yeah.

00:47:46.080 --> 00:48:05.080
Logically, Bitcoin is so good for you psychologically. I mean, just for me personally, like I it gives me more courage to have Bitcoin, because over time, if you're whatever your strategy is for accumulating Bitcoin, if your dollar cost averaging Bitcoin, you're seeing the value of this thing go up.

00:48:06.080 --> 00:48:27.080
And you start to also believe in it fundamentally, because you've actually used it, you know, what it's used for how it functions. And you know that it can't be broken because of the technical aspects of how you know, Bitcoin exists all over the world that it's this distributed system that's in every country.

00:48:27.080 --> 00:48:46.080
There's thousands and thousands of people running nodes. There's thousands of miners all competing against each other like Bitcoin just exists, it's going to continue to exist. And then as the price when the price goes up, you see your you could call it your net worth, I guess, go up and all of a sudden you have you have money.

00:48:46.080 --> 00:49:15.080
When you see the price go down, you're like, Oh, thank you, God, I can now get more of this thing. And you're investing in the future. So it gives you this, this insurance, and it gives you this power. And it also has the effect of lowering your time preference, because you don't want to waste your money on useless crap. And you start to see the value of what you do you want to you want to earn more so that you can essentially save more in Bitcoin.

00:49:16.080 --> 00:49:38.080
And, and then, and I wonder about this, why so many Bitcoiners are Christians, and why it is so common in Christian circles, not that there are aren't Bitcoiners in other religions or in other countries or whatever, but there's just this really common thread that Christians understand Bitcoin and like Bitcoin.

00:49:38.080 --> 00:49:54.080
And I mean, I think part of that is that Christians are kind of like, the enforcers of morality in the world. Not that we're forcing morality on other people. But Christianity makes you a moral person.

00:49:54.080 --> 00:50:00.080
We're drawing a line, we're saying, I mean, you can cross line, whatever. But like, this is the line, like, this is it. Right?

00:50:00.080 --> 00:50:07.080
Yeah. And Bitcoin is a moral money. And so the two things are aligned. They just go hand in hand.

00:50:07.080 --> 00:50:18.080
I would, the only thing I would challenge there is I wouldn't say Bitcoin, because Bitcoin is a tool. And I wouldn't say it's a moral money. But I would say it's an absolute money. And morals, in my opinion, are absolute.

00:50:19.080 --> 00:50:31.080
Yeah, yeah, I mean, just this is my opinion. And there's some people who really dislike if you call Bitcoin money, because they want Bitcoin to be like speech, so that it's protected by free speech. I believe that.

00:50:31.080 --> 00:50:33.080
BeautyOn has entered the chat.

00:50:34.080 --> 00:50:55.080
Exactly. Exactly. But just in my opinion, Bitcoin is the money. And so money isn't necessarily moral or immoral. The love of money is the root of all evil. But money is just, yeah, it's just time and value locked into something.

00:50:55.080 --> 00:51:10.080
And then when you have Bitcoin, that over the long term is increasing in value. If you hold on to and save your money in Bitcoin, you are seeing your value increase over time, which is something that none of us have really had in our whole lifetime.

00:51:10.080 --> 00:51:35.080
And it's, it's not just value. I mean, your network, net worth and whatever is like, it's almost like that's the fiat way of looking at it. It's really net worth. What it really is, is agency. Because we're just, it's like, when you, when Bitcoin goes up, number go up, and you don't have it in an account, you actually have it.

00:51:36.080 --> 00:52:01.080
Your agency is actually increasing. Whereas, oh, well, if you still have it on Coinbase or wherever, don't hold your money in Coinbase. Nobody put your money in Coinbase. You're actually not increasing your agency when the money goes up, because you are still limited by the amount you can withdraw. It's like a physical, physical, of course, but legal limit to your agency.

00:52:01.080 --> 00:52:30.080
Just because the number is going up, your agency is not actually following along with it. Whereas if you self-custody, your agency is actually going up with it, which is a total, like mind bending, like it literally changes how you perceive. As you're saying, Anton, it allows you to be more courageous. Like, wait a second, I have the agency to say no now. I have the agency to just be like, no, I disagree with that. No, like, no, just, we're not going to do that anymore. It's awesome.

00:52:31.080 --> 00:52:44.080
Do you remember in 2017, the end of 2017, when the price of Bitcoin was, you know, going, it was hockey sticking up. Coinbase was locking people out. It was crashing. It was unusable. They weren't allowing withdrawals.

00:52:45.080 --> 00:52:49.080
Yes, I remember that. It was also the BCH fork and all that.

00:52:49.080 --> 00:53:10.080
There was the BCH fork. And then, this isn't Bitcoin, but when GameStop stock was raging and you had all the GameStop plebs, for lack of a better term, and Robinhood just froze GameStop trading. And then even the stock market was hitting the breaker, not letting people trade. And then they would get back on, the value would crash, and they couldn't get out of it.

00:53:11.080 --> 00:53:37.080
Like, with Bitcoin, when you have Bitcoin in a hardware wallet, it is not, and I'm only saying this for anybody else listening who maybe doesn't know this. It's not on a piece of software. It's not in a bank. You are the bank. It's not being held by Wells Fargo. You are your own Wells Fargo. You're, whatever your name is, bank. And yeah, that's pretty, it's a pretty empowering thing.

00:53:38.080 --> 00:54:03.080
Yeah, it's interesting. It's really hard to explain that aspect of things. I actually had a friend over on last week, and he is not a Bitcoiner, but he gets it. Like, he just gets it. He owns some Bitcoin at one point in time, and then kind of ran up, and we were kind of talking it through, and he was trying to explain Bitcoin to somebody.

00:54:04.080 --> 00:54:18.080
And he was like, and it's specifically Bitcoin mining. Like, I have, he was over here looking at my bit access. He was explaining Bitcoin, and he's like, Bitcoin is the, like, finding a Bitcoin block is Willy Wonka's golden ticket.

00:54:18.080 --> 00:54:39.080
And he's like, the best way to think about this is you're Violet from Willy Wonka the Chocolate Factory. And Violet's dad, what did he do? He hired all these people to create an assembly line to find this golden ticket because she wanted to do it. And so they were ripping over these boxes of chocolate, and they finally found one. That is Bitcoin mining.

00:54:40.080 --> 00:54:44.080
It's literally all these people ripping over these chocolate bars trying to find that golden ticket.

00:54:45.080 --> 00:55:08.080
What people miss in all this, though, is the building that they're in is everywhere. It's the internet. It's every single place. And so the challenge we have is we as humans are bound by space and time, but we have this wonderful thing called the internet that lets us do what gods did in all these old texts.

00:55:08.080 --> 00:55:30.080
We get to teleport. We're talking to you now from all over the world and wherever you are, and we're teleporting into your world. We're doing these outlandish things. But what's hard is we still can't extricate our understanding of value and money because we're just constantly bombarded with, like, this is value and money, and it's a hard physical thing that can touch.

00:55:30.080 --> 00:55:44.080
And then when I deposit this thing into a bank, a number goes up, and we have an assumption that that number exists inside of that building that we drive by and has, like, armed bars on the side of it. That's not how Bitcoin works, and that's not how the internet works.

00:55:44.080 --> 00:56:07.080
And so that's the, like, big challenge that people have is, like, you can explain these big concepts, but it's like, Bitcoin is a safety deposit box in the sky. And because it's in the sky, the cloud, everyone, you know, on everyone's thing that is effectively the cloud, it is, you know, almost an impenetrable fortress to a degree.

00:56:07.080 --> 00:56:36.080
Yeah, with everything else, there's a house. Everything else is a casino. There's a house, and the house always wins. And with Bitcoin, you are the house. This is stuff that people, I mean, Bitcoiners know this, but 99.9% of people have no idea. They have no idea. They think there's a CEO of Bitcoin. They think Bitcoin's a company. And they just, and the reason is,

00:56:37.080 --> 00:57:02.080
just that they haven't used it. They, like, sort of understand how Bitcoin works. Maybe they view Cash App or Coinbase or Gemini or something like this. They just have, so I just encourage anybody watching this who's into Bitcoin who hasn't taken your money off of an exchange, held it on a hardware wallet, written down your seed words, just transferred from one hardware wallet to another hardware wallet.

00:57:02.080 --> 00:57:07.080
It fundamentally changes how you understand it when you use it. You have to use it, though.

00:57:07.080 --> 00:57:20.080
I don't think people get it until they do that, honestly, because you basically have to operate to, oh, it's just, well, it's the same as a bank until you do that, and then it's not a bank anymore.

00:57:21.080 --> 00:57:38.080
Because you don't use a piece of software. It's like, you're not logging into your Coinbase account or your Cash App account and, like, having to rely on some company that has an office somewhere to send something. It's almost like, it's almost impossible to understand until you do it.

00:57:38.080 --> 00:57:52.080
That it's a giant distributed network and not a company of any kind. There's a million different, not a million, thousands of different pieces of software that all interact with it, and it just works.

00:57:52.080 --> 00:58:11.080
Yeah. Also, the unfortunate piece of it, though, right, is sovereignty is responsibility. And unfortunately, high time preference individuals do not have a good sense of...

00:58:11.080 --> 00:58:13.080
Absolutely abdicate responsibility.

00:58:14.080 --> 00:58:28.080
I mean, it goes to Charlie Kirk. There was an interview that he posted where he was doing his campus stuff, and there's this girl, and I think she's from Tennessee, and she's just screaming at him about, like, you hate abortion. And he's like, murdering babies is never good. She's not a baby. It's an embryo.

00:58:28.080 --> 00:58:51.080
And he's like, that is a distortion of the language to make you feel good about a bad decision you made. She's like, you'd have me drop out of college to raise a kid. And it's like, you're continuing to ignore the responsibility. He's like, and he says, it's like, no, I would have you understand the ramifications of having out of wedlock sex.

00:58:52.080 --> 00:59:08.080
And then have a greater understanding of, like, your decision is having consequences on other people. It's one of those things that's interesting. It's like, and I'm just having this thought now, but it's like, when two people get into a car accident, nobody gets pissed off that somebody was driving.

00:59:08.080 --> 00:59:29.080
And it's like, in this particular case, it's like, you need to take responsibility for the fact that you were driving, you were having sex, and that your thing you were doing, driving, having sex, had a consequence. And like, when you're driving, yeah, sometimes there's accidents, but you figure it out. And it's the same thing as like, yeah, you're having sex, sometimes there's babies, you figure it out.

00:59:30.080 --> 00:59:45.080
You know, having sex and aborting the babies, literally the functional equivalent of driving a car, getting into a car wreck, and walking away from the wreckage and just expecting there to be no consequences. That is fundamentally what abortion is.

00:59:45.080 --> 01:00:13.080
Yeah, go to abortion, by the way, just like we all have children. Having children, of course, it's hard to raise a child. There's no doubt there's challenges and everything. But it's better than not raising a child. And that's something that I think the pro-abortion people, like, they just don't understand because they lied to themselves and deluded themselves.

01:00:13.080 --> 01:00:27.080
To think that, oh, somebody got pregnant, and it's going to ruin their lives if they have a child. Really, they probably just, you know, it was a one night stand. They don't want to be forever linked to this person that they now have a disgust for.

01:00:27.080 --> 01:00:49.080
But having the baby, yes, there's going to be challenges, there's going to be things that are hard. It fundamentally will make your life better to have the child. And yet people lie to themselves and do something that is going to fundamentally long term harm themselves by having the abortion, thinking that it's helping themselves.

01:00:49.080 --> 01:00:59.080
I feel like there's an analogy to fiat, to everything they're talking about with abortion. It's like fiat is the abortion of money.

01:01:00.080 --> 01:01:12.080
And it also just makes you a better person. Internally, you have to deal with your stuff. It's like, now I'm a better person because of this. It's unbelievable.

01:01:13.080 --> 01:01:26.080
Yeah, real quick, I wanted to say that we were talking about, I forget which one you brought up, JD, but, oh, it was Charlie Kirk, but Dennis Prager had this thing. I did the movie, No Safe Spaces with Dennis Prager back a few years ago.

01:01:27.080 --> 01:01:53.080
He had this thing where he said, people don't want freedom. They want to be taken care of. Freedom is scary. So it's like, no, I just, but for us, we want freedom and Bitcoin is freedom. And yes, it requires your own responsibility over your money. But what do you get in return in exchange? You get freedom.

01:01:53.080 --> 01:02:05.080
You know, just kind of coming back into that and like landing it back on God, though, like there is an interesting thing that was brought up last night is worshipping.

01:02:05.080 --> 01:02:25.080
God requiring you to worship him is actually the most godly thing he can do. Because if you think about it, he created us to worship him. If you think about it from a Christian perspective, we were created as an object of worship.

01:02:26.080 --> 01:02:47.080
And a dual sense of that. We were created in his image to worship him, but we were also created in his image as an act of worship. And so it's the most godly thing God can do. And people are like, I don't want to give my life to God, like the most godly thing and the most, the truest thing you can do with your life is worship God, because that's what you were created to do.

01:02:48.080 --> 01:03:02.080
And so it's glorifying to him to help you live into that. And I blanked on why I got on this because there was a point that was trying to land with it. But at the end of the day, it's like, oh, this is people didn't take care of.

01:03:02.080 --> 01:03:19.080
God taking care of us is God worshipping us to a degree, which I know is counterintuitive, but like, Christ was that act of worship. God coming down.

01:03:19.080 --> 01:03:22.080
God's not worshipping us, but he loves us.

01:03:50.080 --> 01:04:05.080
Because before that act of worship was only kind of given to the Israelites and now it's open to everyone. And so it's, yeah, he paid the price for that to be a thing. And like he paid the price, like he paid the admission to the party that is living into, you know.

01:04:05.080 --> 01:04:08.080
And he had, he had to pay it. There was no false equivalence.

01:04:09.080 --> 01:04:10.080
Yeah, but he did it to take care of us.

01:04:10.080 --> 01:04:15.080
Which is a real, yeah, this is a real debt that was really paid. Incredible.

01:04:16.080 --> 01:04:26.080
You said God worships us. And I understand what you mean, because I don't think that I could fully understand God's love had I not had children.

01:04:26.080 --> 01:04:35.080
Because when you have children, you will come to understand you will never love anything as much as you love your children.

01:04:35.080 --> 01:04:42.080
Your children can drive you crazy, they can do stuff, they can make you mad, but you love them unconditionally.

01:04:42.080 --> 01:04:50.080
And that is the way that God loves his creation, all human beings, just the same way that you love your own children.

01:04:50.080 --> 01:04:54.080
God has that love for every single human being on earth.

01:04:55.080 --> 01:05:01.080
So you could say, you could say God worships us like, like you worship your children.

01:05:01.080 --> 01:05:09.080
It's not like the best phrasing theologically, but like, I understand it. It's like God is deeply in love with his children.

01:05:09.080 --> 01:05:13.080
Yeah, and maybe it's not worship, right? Because it's that relationship of a father and son.

01:05:13.080 --> 01:05:17.080
It's not that he worships us. It's that like, like the way to say it is the same thing.

01:05:17.080 --> 01:05:21.080
Like, it's just like, it's that feeling of I would die for my kids.

01:05:22.080 --> 01:05:27.080
We all get it as parents. It's like, I would, I would die for my kids. I would die for my kids.

01:05:27.080 --> 01:05:28.080
Which is what he did.

01:05:28.080 --> 01:05:31.080
Which is what Jesus did for us.

01:05:31.080 --> 01:05:34.080
And with that, we can...

01:05:34.080 --> 01:05:37.080
But that's it, that's it. That's the hot stuff.

01:05:37.080 --> 01:05:42.080
By the way, real quick, before we wrap anything up, I can't get it out of my head.

01:05:42.080 --> 01:05:49.080
What, whenever one of us has a soundbite, like, my thought is like, this is gonna look so good in the YouTube short.

01:05:50.080 --> 01:05:52.080
Have you guys been watching those?

01:05:52.080 --> 01:05:53.080
They're good.

01:05:53.080 --> 01:05:54.080
They're really good.

01:05:54.080 --> 01:05:57.080
It does sometimes, like, cut off mid-thought.

01:05:57.080 --> 01:06:02.080
So I do need to go in there and actually do a little more, like, QC-ing of them.

01:06:02.080 --> 01:06:05.080
Because I was like, this last batch, I was just like, I'm just posting them all.

01:06:05.080 --> 01:06:07.080
So I just went on there and like, had them go.

01:06:07.080 --> 01:06:11.080
But I do think it's, it's good. It's good. It's not great, but it's good.

01:06:11.080 --> 01:06:14.080
I sent some to some friends. Every other one's pretty good.

01:06:15.080 --> 01:06:21.080
I just did a thing about the number of children, by the way.

01:06:21.080 --> 01:06:29.080
And it says people with one child, on average, live three years longer than people with no children.

01:06:29.080 --> 01:06:34.080
And people with two plus children live, on average, five years longer than people without kids.

01:06:34.080 --> 01:06:36.080
Yeah, checks out.

01:06:36.080 --> 01:06:43.080
And just anecdotally, people that are older, who have children, tend to just seem more youthful.

01:06:43.080 --> 01:06:47.080
That's actually, it's Grok, but that's actually what Grok says.

01:06:47.080 --> 01:06:53.080
Grok says the evidence leans towards social support and healthier behaviors are reasons for longer life among parents.

01:06:53.080 --> 01:07:03.080
But it's having two children off, or what was this, with the greatest advantages coming after 80.

01:07:03.080 --> 01:07:06.080
There you go.

01:07:06.080 --> 01:07:08.080
So it's like, you want to die at 80, don't have any kids.

01:07:08.080 --> 01:07:11.080
If you want to die at 85, have some kids.

01:07:11.080 --> 01:07:16.080
I mean, you know, it's 18 years plus of hell, but it's worth it.

01:07:16.080 --> 01:07:21.080
And if you want to be taken care of in your later years, have girls.

01:07:21.080 --> 01:07:23.080
No, sorry.

01:07:23.080 --> 01:07:26.080
Have girls, yes, that's correct.

01:07:26.080 --> 01:07:31.080
All righty. Should sign off. It was a pleasure, guys.

01:07:31.080 --> 01:07:33.080
As always, cheers.

01:07:33.080 --> 01:07:34.080
See you next time.

01:07:34.080 --> 01:07:35.080
Bye, Bitcoin.

01:07:41.080 --> 01:07:42.080
Bye.