WEBVTT 00:00:00.000 --> 00:00:11.000 Oh my gosh, it's so loud. 00:00:11.000 --> 00:00:12.000 Every time. 00:00:12.000 --> 00:00:15.760 Oh, yeah, we got to do that too. 00:00:15.760 --> 00:00:16.760 Welcome, everybody. 00:00:16.760 --> 00:00:19.160 This is Better Buy Bitcoin. 00:00:19.160 --> 00:00:25.440 Today we got Anton, myself, JB might drop in at some point later. 00:00:25.440 --> 00:00:30.000 And yeah, today we want to kind of behind the scenes, we're kind of talking about just 00:00:30.000 --> 00:00:35.480 American dynamism, America, like, where we go from here, what's happening? 00:00:35.480 --> 00:00:42.279 What's the like, the big picture of just reality? 00:00:42.279 --> 00:00:47.160 And how Bitcoin kind of brings that through for what's happening in the world today and 00:00:47.160 --> 00:00:56.160 like the dynamics of global economic policy, politics, and all this other stuff. 00:00:56.160 --> 00:01:02.680 So, but just to do short introduction, I'm Bondor Gildapleeb. 00:01:02.680 --> 00:01:09.080 I've been involved for Bitcoin for a long time now, and been involved with many careers, 00:01:09.080 --> 00:01:11.519 jack of all trades, kind of master of none. 00:01:11.519 --> 00:01:16.919 But I've seen how Bitcoin, or I've seen how fiat just ravages pretty much everything it 00:01:16.919 --> 00:01:18.160 touches. 00:01:18.160 --> 00:01:20.360 And there's no escaping it. 00:01:20.360 --> 00:01:25.160 And I'm on board with just death to fiat, long live Bitcoin. 00:01:25.160 --> 00:01:26.160 Let's go. 00:01:26.160 --> 00:01:27.160 Anton. 00:01:27.160 --> 00:01:29.239 I'm Anton Syme. 00:01:29.239 --> 00:01:30.239 I'm a filmmaker. 00:01:30.239 --> 00:01:35.440 There's a lot of other people who take part in this podcast, who are also filmmakers, 00:01:35.440 --> 00:01:37.080 film producers, directors, writers. 00:01:37.080 --> 00:01:38.919 I'm a former, former AD. 00:01:39.320 --> 00:01:44.760 Yeah, I still see you as, as being in the industry in Los Angeles, the film industry. 00:01:44.760 --> 00:01:52.879 I've been a Bitcoiner, I would say since 2017, was immediately a Bitcoin maximalist. 00:01:52.879 --> 00:01:56.720 But I was into Bitcoin even earlier than that, since about 2012. 00:01:56.720 --> 00:02:01.400 I just, it wasn't until about 2017 that I was, I was all in. 00:02:01.400 --> 00:02:04.919 Yeah, so that's why. 00:02:04.919 --> 00:02:05.919 Rad. 00:02:05.919 --> 00:02:14.039 So, we were just looking at a BeautyOn post this morning, or a BeautyOn post that he did, 00:02:14.039 --> 00:02:16.679 when was this? 00:02:16.679 --> 00:02:17.679 This was... 00:02:17.679 --> 00:02:18.679 Maybe... 00:02:18.679 --> 00:02:25.160 Yeah, this, this morning, 5, 5.30 this morning, Pacific time, we're in LA, of course. 00:02:25.160 --> 00:02:27.240 Maybe explain who BeautyOn is. 00:02:27.240 --> 00:02:30.240 So BeautyOn is a super OG Bitcoiner. 00:02:30.240 --> 00:02:33.479 He was, he was around, like, way in the beginning. 00:02:33.479 --> 00:02:37.679 In fact, I don't even know when, he was probably there on the mailing list, just, you know, 00:02:37.679 --> 00:02:42.960 with one of the original people, one of the original people who even knew that this existed. 00:02:42.960 --> 00:02:46.520 If he, you know, you know, he's got a whole thing. 00:02:46.520 --> 00:02:53.520 It's look him up, B-E-A-U-T-Y-O-N under slash on, on Twitter. 00:02:53.520 --> 00:02:55.279 The man is prolific, right? 00:02:55.279 --> 00:02:56.639 He's, he's done all sorts of stuff. 00:02:56.639 --> 00:03:05.080 He founded Esteco, which allows you to send Bitcoin vouchers, send and buy Bitcoin vouchers. 00:03:05.080 --> 00:03:09.320 It's like, it's just a little teeny layer on top of Bitcoin that allows you to do all 00:03:09.320 --> 00:03:10.839 sorts of incredible things. 00:03:10.839 --> 00:03:15.440 Like you can send Bitcoin through Twitter, if you wanted to, using Esteco. 00:03:15.440 --> 00:03:16.440 It's pretty awesome. 00:03:16.440 --> 00:03:21.600 I haven't kept up with it, but I think back in the day, you could go to a gas station 00:03:21.600 --> 00:03:22.800 or convenience store. 00:03:22.800 --> 00:03:24.360 You could literally pay them cash. 00:03:24.360 --> 00:03:27.000 They'd give you a little like printed out receipt. 00:03:27.000 --> 00:03:30.440 You scan it and you can buy Bitcoin that way through it. 00:03:30.440 --> 00:03:35.559 So yeah, B-E-A-U-T-Y-O-N has been on, on top of it for a long time. 00:03:35.559 --> 00:03:43.919 He has, he's been a very big voice in the space for, for a long time. 00:03:43.919 --> 00:03:52.520 So this morning he posted about how just American dynamism, what's going to happen with how 00:03:53.039 --> 00:03:55.880 America is now posturing with regard to Bitcoin. 00:03:55.880 --> 00:04:02.919 And Anton, like, as you, as you know, as I know, even six months ago, it was tenuous 00:04:02.919 --> 00:04:06.679 and especially with Yellen and the rest of it, it was tenuous what the treasury thought 00:04:06.679 --> 00:04:09.880 about Bitcoin and like, is this, like, is this a thing? 00:04:09.880 --> 00:04:11.759 Like, are we going to allow people to do this? 00:04:11.759 --> 00:04:12.880 Are we going to come after people? 00:04:12.880 --> 00:04:13.880 Are we going to try it? 00:04:13.880 --> 00:04:20.559 Like, cause Yellen was basically saying like, no, we want to do a unrealized capital gains 00:04:20.559 --> 00:04:21.559 tax. 00:04:21.600 --> 00:04:27.000 The treasury, treasury secretary was talking about this, which is the most mind numbingly 00:04:27.000 --> 00:04:30.799 stupid thing you could possibly do to Bitcoin. 00:04:30.799 --> 00:04:34.200 But hey, that's, that was the previous administration, right? 00:04:34.200 --> 00:04:39.279 So today we have an administration who's signed a bill trying to get a strategic reserve, 00:04:39.279 --> 00:04:45.320 like not a bill, an executive order, and done all this stuff, which is really setting up 00:04:45.320 --> 00:04:52.239 America, posturing at least, to be pro-Bitcoin and pro this new movement. 00:04:52.239 --> 00:04:56.640 Now, first question I have for you, Anton, why does this matter? 00:04:56.640 --> 00:05:03.519 Like what, what, what's different about Bitcoin that makes this very important? 00:05:03.519 --> 00:05:09.320 And yes, I wanted to, I wanted to add as well, had Trump not been elected, there would be 00:05:09.320 --> 00:05:11.200 no strategic Bitcoin reserve. 00:05:11.200 --> 00:05:16.160 And some people listening may not know that we haven't, I don't believe purchased any 00:05:16.160 --> 00:05:17.160 Bitcoin yet. 00:05:17.160 --> 00:05:25.359 Essentially America just already had about 200,000 Bitcoin, I think, because it was like 00:05:25.359 --> 00:05:26.359 constant confiscated. 00:05:26.359 --> 00:05:27.359 So yeah. 00:05:27.359 --> 00:05:28.359 So crude. 00:05:28.359 --> 00:05:29.359 It's so crude. 00:05:29.359 --> 00:05:30.679 It's almost all so crude. 00:05:30.679 --> 00:05:33.920 There's obviously other, other things, but they've, they've sold some, like there was 00:05:33.920 --> 00:05:37.239 one big auction that, um, what's the guy's name? 00:05:37.239 --> 00:05:40.559 The VC, Tim, like Draper or something. 00:05:40.559 --> 00:05:48.040 He purchased a whole bunch, um, at auction from one of the, one of the confiscation things. 00:05:48.040 --> 00:05:49.040 Um, yeah. 00:05:49.040 --> 00:05:50.040 Yeah. 00:05:50.040 --> 00:05:56.320 And 200,000 doesn't sound like that much, but when you realize there, there's only 21 00:05:56.320 --> 00:06:01.959 million Bitcoin, there's maybe, I don't know the exact numbers, but maybe like 16 million 00:06:01.959 --> 00:06:06.720 that kind of exists in any way that anybody could have access to it. 00:06:06.720 --> 00:06:11.000 And at any given time, there's only about 2 million being traded. 00:06:11.000 --> 00:06:13.239 So, and I'm, these numbers are super rough. 00:06:13.239 --> 00:06:18.679 You may know better than me, but so if you went and tried to buy 200,000, just do the 00:06:18.679 --> 00:06:26.720 math divide 2 million by 200,000, and that's how much there even is available to buy. 00:06:26.720 --> 00:06:34.480 So, you know, if you look at other countries that have the ability to buy 200,000 multiplied 00:06:34.480 --> 00:06:38.519 by whatever the price of Bitcoin is, we're at about 86, 87,000 today. 00:06:38.519 --> 00:06:47.079 So just multiply 86,000 by, uh, 200,000, you'll get the amount of money. 00:06:47.079 --> 00:06:52.760 And then on top of that, divide 2 million by 200,000. 00:06:52.760 --> 00:06:55.480 And that's how many countries could even do that if they tried to. 00:06:55.480 --> 00:07:02.040 And if that happened, the price of Bitcoin would react to that buy pressure. 00:07:02.040 --> 00:07:04.640 The price would explode. 00:07:04.640 --> 00:07:10.279 So that's what's going on with, uh, the U S strategic reserve and any other country 00:07:10.279 --> 00:07:11.799 that wants to try and compete. 00:07:11.799 --> 00:07:15.000 So you asked why any of this is important. 00:07:15.000 --> 00:07:19.040 So I know that you've traveled a lot. 00:07:19.040 --> 00:07:23.600 You've lived, uh, in South Korea, but I know, uh, I think you've spent some time in Hong 00:07:23.600 --> 00:07:24.600 Kong too. 00:07:24.600 --> 00:07:25.600 Oh yeah. 00:07:25.600 --> 00:07:28.320 I have been to over 50 countries. 00:07:28.320 --> 00:07:30.200 I've been on six different continents. 00:07:30.200 --> 00:07:38.320 I've been to a lot of those countries multiple times, and there are a lot of really incredible 00:07:38.320 --> 00:07:40.079 places in the world. 00:07:40.079 --> 00:07:44.880 My experience, my feeling is that every time that I come back to the United States, I just 00:07:44.880 --> 00:07:46.799 want to kiss the ground. 00:07:46.799 --> 00:07:49.640 We don't do everything perfect. 00:07:49.640 --> 00:07:54.359 We don't have, it's so much as so backwards, it's unbelievable. 00:07:54.359 --> 00:07:58.119 We don't have the classic architecture of, of Europe. 00:07:58.119 --> 00:08:03.440 Like I was watching a bunch of stuff on how the city of Venice and Italy was built last 00:08:03.440 --> 00:08:04.440 night. 00:08:04.440 --> 00:08:06.920 Like we don't have Venice, you know? 00:08:06.920 --> 00:08:12.239 But America is, is the best place to live in the world right now for many different 00:08:12.239 --> 00:08:13.239 reasons. 00:08:13.239 --> 00:08:17.160 However, there are other incredible places in the world. 00:08:17.160 --> 00:08:21.480 I was thinking about Sweden and every once in a while I'll get an Instagram, I'll look 00:08:21.480 --> 00:08:29.679 at cabins that are for sale on lakes in Sweden or in Norway or chalets in Switzerland. 00:08:29.679 --> 00:08:37.760 And we were talking about how had the U.S. not taken a stance that's much more friendly 00:08:37.760 --> 00:08:45.099 to Bitcoin and other countries had done that, let's like fast forward into the future. 00:08:45.099 --> 00:08:49.440 People that have a lot of Bitcoin, they're not going to put up with it if they're, if 00:08:49.440 --> 00:08:53.719 they all of a sudden become incredibly wealthy in terms of Bitcoin. 00:08:53.719 --> 00:08:58.799 They're going to go buy that chalet in Switzerland, Switzerland has the best laws. 00:08:58.799 --> 00:09:04.400 If Switzerland's not going to charge them capital gains tax on, on their Bitcoin. 00:09:04.400 --> 00:09:13.679 And so basically Bitcoin is opening up the most beautiful places in the world, the, the 00:09:13.679 --> 00:09:17.760 safest places in the world to Bitcoiners. 00:09:17.760 --> 00:09:24.640 So if you are a Bitcoiner, the future is bright for you, essentially. 00:09:24.640 --> 00:09:27.400 Oh yeah. 00:09:27.400 --> 00:09:37.000 And then this touches back to America because the things that, that Bitcoin changes at like 00:09:37.000 --> 00:09:41.799 a fundamental level, which is the game theory about money, we were talking about property 00:09:41.799 --> 00:09:43.719 taxes, right? 00:09:43.719 --> 00:09:48.119 You can't put a property, you can't, I mean, you can put a property tax on Bitcoin, but 00:09:48.119 --> 00:09:49.840 what's going to happen? 00:09:49.840 --> 00:09:51.599 Everyone's going to leave. 00:09:51.599 --> 00:09:53.520 They're just going to be like, nah. 00:09:53.520 --> 00:09:59.359 Like with a property tax, which is just a lien on your property, an eternal lien on 00:09:59.359 --> 00:10:01.080 your property. 00:10:01.080 --> 00:10:03.640 The state can be like, oh yeah, we know where your property is. 00:10:03.640 --> 00:10:05.520 The property's not going anywhere. 00:10:05.520 --> 00:10:07.599 It's a plot of land, right? 00:10:07.599 --> 00:10:12.280 Like we were just going to go to your property, find you and we'll arrest you or whatever. 00:10:12.280 --> 00:10:16.599 We've got the state, we've got all the violence, so we can just do, we can enforce what we're 00:10:16.599 --> 00:10:17.599 going to enforce. 00:10:17.599 --> 00:10:24.760 And hey, that's why property taxes exist because nobody can really sit down and, and fight 00:10:24.760 --> 00:10:27.960 and win at a scale, at scale. 00:10:27.960 --> 00:10:33.320 Obviously there's the handful of like ultra and cap libertarian cases of the people who 00:10:33.320 --> 00:10:38.440 set up a cabin in the woods and whatever, like had, had at it where the law enforcers 00:10:38.440 --> 00:10:41.840 like, nah, we're not, we're not doing that. 00:10:41.840 --> 00:10:45.719 But the cost of that is that, well, those people are literally choosing to be irrelevant 00:10:45.719 --> 00:10:46.719 for their entire lives. 00:10:46.719 --> 00:10:50.320 It's like, okay, that's what you want, great. 00:10:50.320 --> 00:10:54.880 But if you want to participate in civilization, if you want to participate in society and 00:10:54.880 --> 00:10:58.239 own property, well, you're going to have to pay property tax. 00:10:58.239 --> 00:11:01.000 Now Bitcoin completely changes that. 00:11:01.000 --> 00:11:07.280 And if you have an administration that is on board with that change and says, okay, 00:11:07.280 --> 00:11:13.479 cool, we want to embrace the reality that Bitcoin could just leave, Bitcoiners could 00:11:13.479 --> 00:11:14.479 just leave. 00:11:14.479 --> 00:11:18.719 They could go to, they could go to Switzerland, they could go to El Salvador, whatever. 00:11:18.719 --> 00:11:23.320 We need to be friendly to them or they're going to leave. 00:11:23.320 --> 00:11:26.359 And if you understand that, it changes everything. 00:11:26.359 --> 00:11:32.400 It makes, as you, as you just said, it makes the whole dynamics of, oh, it's going to be 00:11:32.400 --> 00:11:33.400 good for Bitcoiners. 00:11:33.599 --> 00:11:38.559 It's going to be really good because there's going to be countries literally fighting over 00:11:38.559 --> 00:11:43.280 us to try and get us to go there. 00:11:43.280 --> 00:11:47.359 Countries that are on board, countries that figured it out. 00:11:47.359 --> 00:11:52.960 Now there's going to be a whole other slew of countries, many EU countries, South Africa, 00:11:52.960 --> 00:11:58.640 like any other country that's kind of like going down the retarded communist pathway. 00:11:58.640 --> 00:12:00.679 It's going to be terrible. 00:12:00.679 --> 00:12:04.320 So we got, we got a special guest in the studio. 00:12:04.320 --> 00:12:07.119 What are we doing up in here? 00:12:07.119 --> 00:12:08.119 Hey, what's up? 00:12:08.119 --> 00:12:09.119 Look at these gentlemen. 00:12:09.119 --> 00:12:11.200 Oh my goodness. 00:12:11.200 --> 00:12:13.159 This is a Jordan Bush, Jordan. 00:12:13.159 --> 00:12:18.359 We were the Jordan, I mean, you can do your own introduction, but Jordan Bush is the, 00:12:18.359 --> 00:12:22.000 the guy behind, thank God for Bitcoin. 00:12:22.000 --> 00:12:30.039 He is a prolific podcaster and a personality in the Bitcoin space. 00:12:30.400 --> 00:12:31.400 Yeah. 00:12:31.400 --> 00:12:32.400 Welcome to the show. 00:12:32.400 --> 00:12:33.400 Hey, thanks for having me. 00:12:33.400 --> 00:12:34.400 I love you guys. 00:12:34.400 --> 00:12:35.400 Again. 00:12:35.400 --> 00:12:36.400 Always good to see y'all. 00:12:36.400 --> 00:12:42.440 Appreciate your perspective on all things Bitcoin, film, Jesus, many things. 00:12:42.440 --> 00:12:45.679 Jordan, your, your intro is always so buttoned up. 00:12:45.679 --> 00:12:46.679 You want to give it real quick? 00:12:46.679 --> 00:12:47.679 Yeah. 00:12:47.679 --> 00:12:48.679 Oh, okay. 00:12:48.679 --> 00:12:49.679 Yeah. 00:12:49.679 --> 00:12:50.679 Shoot. 00:12:50.679 --> 00:12:53.799 I am the executive director of TGFB, which exists to help Christians understand and use 00:12:53.799 --> 00:12:56.919 Bitcoin for the glory of God and the good of people everywhere. 00:12:56.919 --> 00:12:57.919 Perfect. 00:12:58.919 --> 00:13:05.359 I wanted to add to what you were saying, Mondor and Jordan, feel free to jump in off of what 00:13:05.359 --> 00:13:06.359 I have to say. 00:13:06.359 --> 00:13:11.280 So Robert Kiyosaki, the guy that wrote Rich Dad, Poor Dad, I've often heard him say that 00:13:11.280 --> 00:13:19.799 real estate, the, the word real is the, it's probably Latin, the Spanish word real, which 00:13:19.799 --> 00:13:20.840 means a Royal. 00:13:20.840 --> 00:13:23.080 So real estate is the Royal estate. 00:13:23.080 --> 00:13:28.559 We have this mythology in the United States that essentially the King of England wanted 00:13:28.559 --> 00:13:31.840 to charge a 3% tax on tea. 00:13:31.840 --> 00:13:39.359 And we decided to risk it all and go to war and kick them out and not have a King. 00:13:39.359 --> 00:13:42.799 And George Washington, first president didn't want to be King. 00:13:42.799 --> 00:13:43.799 Everybody wanted to make him King. 00:13:43.799 --> 00:13:45.679 And it was like, no, we're not going to have a King. 00:13:45.679 --> 00:13:53.440 And yet there is a Royal estate who owns the, the land that your house is on. 00:13:53.440 --> 00:13:54.440 Property's cool. 00:13:54.440 --> 00:13:55.440 Houses are cool. 00:13:55.440 --> 00:13:57.200 I love a good piece of land. 00:13:57.200 --> 00:14:04.679 I'm incredibly bullish on California, Los Angeles, the kind of Hollywood region specifically. 00:14:04.679 --> 00:14:10.559 I think California is just the greatest geographical region in the world, a temperate climate. 00:14:10.559 --> 00:14:11.559 Everything grows here. 00:14:11.559 --> 00:14:12.559 It's just like fruit. 00:14:12.559 --> 00:14:13.559 You can go pick off the trees. 00:14:14.159 --> 00:14:18.960 It would be wonderful if we didn't have a communist government who is just hell bent 00:14:18.960 --> 00:14:24.599 on making life miserable here and creating an enormous gap between the rich and the poor 00:14:24.599 --> 00:14:29.080 that the federal government also exacerbates. 00:14:29.080 --> 00:14:34.280 But all that said, owning property, owning land is cool. 00:14:34.280 --> 00:14:39.520 But ultimately, if the state wants to just take it from you, if they just want to increase 00:14:39.520 --> 00:14:45.520 your property taxes, if they want to just put an oil well in the middle of your yard, 00:14:45.520 --> 00:14:48.919 declare an eminent domain and kick you off and just pay you whatever they say fair market 00:14:48.919 --> 00:14:53.479 value is, they always have the ability to just take it from you. 00:14:53.479 --> 00:15:00.280 And so in the future, when the world, not everybody in the world, but when some countries 00:15:00.280 --> 00:15:06.960 go on a Bitcoin standard, the countries that are friendly to Bitcoiners are, Bitcoiners 00:15:06.960 --> 00:15:09.200 are going to go to those places. 00:15:09.280 --> 00:15:13.599 They used to say, he who has the gold makes the rules. 00:15:13.599 --> 00:15:17.840 In the future, those who have the Bitcoin are going to make the rules. 00:15:17.840 --> 00:15:24.119 And governments, if they want the Bitcoiners to participate, the people who have the money 00:15:24.119 --> 00:15:28.760 to circulate into the economy, they are going to have to be friendly to the Bitcoiners. 00:15:28.760 --> 00:15:31.559 So it just gives you a little bit more power. 00:15:31.559 --> 00:15:34.919 The state ultimately is going to try and control the land. 00:15:34.919 --> 00:15:40.359 But Bitcoin just evens that, evens the scales a little bit. 00:15:40.359 --> 00:15:41.359 Yeah. 00:15:41.359 --> 00:15:42.359 Yeah. 00:15:42.359 --> 00:15:43.359 Yeah. 00:15:43.359 --> 00:15:44.359 You do see this too, right? 00:15:44.359 --> 00:15:45.359 You see, you already see capital flight happening. 00:15:45.359 --> 00:15:46.919 Like capital flight out of Europe, out of France. 00:15:46.919 --> 00:15:52.119 France has like draconian tax laws that they tried to put in place a few years ago and 00:15:52.119 --> 00:15:54.039 people just started getting out of there. 00:15:54.039 --> 00:15:57.559 And now again, that's much more difficult to do when you've got your assets and whether 00:15:57.559 --> 00:16:02.119 it's regular bank accounts or if it's in less liquid things, whether it's real estate or 00:16:02.119 --> 00:16:04.119 businesses or whatever it is. 00:16:04.119 --> 00:16:07.520 And so with Bitcoin, I mean, it's just so liquid. 00:16:07.520 --> 00:16:13.479 It's so it's trivially easy to leave with billions of dollars worth of Bitcoin if that's 00:16:13.479 --> 00:16:14.840 what you have. 00:16:14.840 --> 00:16:18.280 That yeah, it's just going to be you're going to have you're going to have a situation that's 00:16:18.280 --> 00:16:23.039 far more similar to like what Dubai is experiencing, right, where they're incentivizing. 00:16:23.039 --> 00:16:27.719 They're trying to attract people to live there with very friendly tax laws and very friendly 00:16:27.719 --> 00:16:28.719 things like this. 00:16:28.719 --> 00:16:30.599 You've seen Portugal experiment with this. 00:16:30.599 --> 00:16:35.840 Portugal has for years has offered I think it's no capital gains on Bitcoin or some other 00:16:35.840 --> 00:16:38.080 similar very tax advantaged things. 00:16:38.080 --> 00:16:43.760 And you're only going to see more competition for that as Bitcoin continues to to ascend. 00:16:43.760 --> 00:16:47.159 I just looked up in Norway in twenty twenty two. 00:16:47.159 --> 00:16:48.159 Oh yeah. 00:16:48.159 --> 00:16:49.159 I love this story. 00:16:49.159 --> 00:16:55.640 They increase the wealth tax by one point one percent. 00:16:55.640 --> 00:16:56.640 Immediately. 00:16:56.640 --> 00:16:57.640 Yeah. 00:16:57.640 --> 00:16:59.200 Thirty billionaires left the country. 00:16:59.200 --> 00:17:00.200 Deuces. 00:17:01.119 --> 00:17:04.959 So the thing that I love about this story is that they were projecting I'm going to 00:17:04.959 --> 00:17:06.319 mess up the numbers or whatever. 00:17:06.319 --> 00:17:11.439 They're projecting that they were going to be able to have a net tax increase like the 00:17:11.439 --> 00:17:14.479 net tax base would increase by like four hundred million or something like that. 00:17:14.479 --> 00:17:15.479 Great. 00:17:15.479 --> 00:17:16.920 This is such a solid plan. 00:17:16.920 --> 00:17:17.920 We got it. 00:17:17.920 --> 00:17:18.920 You got it guys. 00:17:18.920 --> 00:17:23.479 And because all the billionaires left, they ended up losing a whole bunch of the taxes 00:17:23.479 --> 00:17:25.640 that they were just collecting anyway had they done nothing. 00:17:25.640 --> 00:17:26.640 Yeah. 00:17:26.800 --> 00:17:29.359 It's like they literally shot themselves in the foot. 00:17:29.359 --> 00:17:35.640 And that dynamic just gets easier for the people with capital when that capital is Bitcoin 00:17:35.640 --> 00:17:36.640 going forward. 00:17:36.640 --> 00:17:37.640 Yeah. 00:17:37.640 --> 00:17:41.040 So this is this is actually like a really fascinating thing for me and Jordan. 00:17:41.040 --> 00:17:47.439 We were just like to to put you in and to put you in the secret. 00:17:47.439 --> 00:17:53.560 Anton Jordan and I are kind of like working on a new project which will drop at some point. 00:17:54.119 --> 00:17:56.119 One of the. 00:17:56.119 --> 00:17:57.119 So it's like writing. 00:17:57.119 --> 00:18:05.199 I was trying to figure out a an argument against like the authority Bitcoin usurps authority 00:18:05.199 --> 00:18:07.319 from like a Christian perspective. 00:18:07.319 --> 00:18:12.839 And one of the things that that really nailed it for me was. 00:18:12.839 --> 00:18:20.880 Bitcoin draws its authority not from the state, but from natural law. 00:18:20.880 --> 00:18:27.439 When something draws its authority from natural law, that means it's it's it is above the 00:18:27.439 --> 00:18:28.640 state. 00:18:28.640 --> 00:18:33.959 Its authority is above the state because it doesn't the state doesn't matter whether the 00:18:33.959 --> 00:18:35.359 state exists or not. 00:18:35.359 --> 00:18:38.520 Bitcoin can still function, can still work, can still operate. 00:18:38.520 --> 00:18:41.599 You can still do transactions doesn't like completely irrelevant what the state thinks 00:18:41.599 --> 00:18:42.599 about it. 00:18:42.599 --> 00:18:47.199 And the reality of that is that Bitcoin is a higher authority than the state. 00:18:48.199 --> 00:18:51.479 The game theory basically says, well, the state can't do anything about it. 00:18:51.479 --> 00:18:54.599 Well, the state has to answer to it. 00:18:54.599 --> 00:18:55.880 And that's what we're going to see. 00:18:55.880 --> 00:18:56.880 And that's why. 00:18:56.880 --> 00:19:00.640 Now, how does it how is it going back to America? 00:19:00.640 --> 00:19:03.839 Why is America going to benefit the most? 00:19:03.839 --> 00:19:08.040 I'd be I'd be interested in hearing Jordan's take on this, especially if he doesn't believe 00:19:08.040 --> 00:19:10.119 that that's going to be the case. 00:19:10.119 --> 00:19:14.119 I mean, we're going to we own I think most of the world's Bitcoin is in the United States. 00:19:14.119 --> 00:19:15.839 I think there's a significant amount of it. 00:19:15.839 --> 00:19:18.280 So I think that that's going to help. 00:19:18.280 --> 00:19:22.280 But yeah, I mean, it's interesting, right, because, like, honestly, I think for a lot 00:19:22.280 --> 00:19:25.079 of people, the problem that they have when they think about government is they don't 00:19:25.079 --> 00:19:27.060 really have a framework for thinking about government. 00:19:27.060 --> 00:19:29.520 So like they're just like, I don't want people telling me what to do. 00:19:29.520 --> 00:19:30.520 And they think that's sufficient. 00:19:30.520 --> 00:19:34.359 You know, again, you have the libertarians, you know, they're like, hey, we just don't 00:19:34.359 --> 00:19:36.040 want people telling us what to do. 00:19:36.040 --> 00:19:42.040 And there's not really any well-defined, you know, like grounded, basically, if you don't 00:19:42.040 --> 00:19:46.040 believe that there's if you don't believe that God is there, God created people, God 00:19:46.040 --> 00:19:49.680 created these authority structures, then like you're just out there flying, like you can 00:19:49.680 --> 00:19:52.760 make stuff up as you go along and you're drawing arbitrary lines. 00:19:52.760 --> 00:19:55.439 And, you know, that that is what it is. 00:19:55.439 --> 00:19:59.239 But yeah, I think the problem that you have on the other side, the far more common problem, 00:19:59.239 --> 00:20:04.239 because most people aren't aren't libertarians is especially within the in Christian realm. 00:20:04.239 --> 00:20:10.000 But I think this is also true among just normal Republicans and people who are just comfortable 00:20:10.000 --> 00:20:13.640 or comfortable with the level of state control that we have right now is they functionally 00:20:13.640 --> 00:20:21.319 have like a body positive move, a body positive view of governance, where it's like, you know, 00:20:21.319 --> 00:20:25.119 like you're looking at the you're looking at government and you're like, oh, what are 00:20:25.119 --> 00:20:26.520 we going to do if we get rid of this thing? 00:20:26.520 --> 00:20:31.560 It's like the problem is the government is like a 900 pound morbidly obese woman. 00:20:31.560 --> 00:20:35.760 And and you're telling her that, you know, she should let you should stop drinking nine 00:20:35.760 --> 00:20:39.760 diet cokes a day or per hour and only drink two. 00:20:39.760 --> 00:20:43.719 And she's like, oh, my gosh, how can I even consider doing such a thing? 00:20:43.719 --> 00:20:45.959 You're just how dare you? 00:20:45.959 --> 00:20:47.439 You're just such a hater. 00:20:47.439 --> 00:20:48.439 And it's like, yeah. 00:20:48.439 --> 00:20:49.439 And then there's a bunch of people. 00:20:49.439 --> 00:20:50.439 Oh, yeah. 00:20:50.439 --> 00:20:53.760 You just you know, you don't really care about people because you want to you want the government 00:20:53.760 --> 00:20:54.760 to go on a diet. 00:20:54.760 --> 00:20:55.760 And it's like, no. 00:20:55.760 --> 00:20:56.760 Yeah. 00:20:56.760 --> 00:21:00.359 I want the government to go on a diet because it's morbidly obese and it would be 100 times 00:21:00.359 --> 00:21:05.000 more efficient at the thing, the duties that it actually has, if it would give itself to 00:21:05.000 --> 00:21:09.060 those things rather than trying to take on 100 responsibilities that ought to just belong 00:21:09.359 --> 00:21:13.979 to, you know, again, to your point, free market individuals, families, you know, other cultures 00:21:13.979 --> 00:21:14.979 as well. 00:21:14.979 --> 00:21:18.459 So I think that's what we're going to see is now, again, I'm more bullish on America 00:21:18.459 --> 00:21:22.739 in that respect, because we actually have both the financial capacity. 00:21:22.739 --> 00:21:28.500 We have a tradition of I mean, we're founded by standing up to to the world superpower. 00:21:28.500 --> 00:21:33.739 So, again, it's kind of to quote the great philosopher Taylor Swift, it's in our blood. 00:21:33.739 --> 00:21:38.739 So, again, I'm more I'm, you know, again, I'm confident to a degree or more confident 00:21:38.739 --> 00:21:42.780 I would be in a lot of places that, you know, Americans are going to be less susceptible. 00:21:42.780 --> 00:21:47.699 Some of the things that we've seen in good Lord seen in Britain, was it today or yesterday 00:21:47.699 --> 00:21:51.579 where they're banning banning samurai swords? 00:21:51.579 --> 00:21:54.300 I'm just like, this is I mean, what are we 12 like? 00:21:54.300 --> 00:21:55.300 What are we doing here? 00:21:55.300 --> 00:21:56.300 Like, I just don't understand. 00:21:56.300 --> 00:22:01.099 So there's lots of other places that I'm just I'm way less confident in terms of their ability 00:22:01.099 --> 00:22:02.979 to move before it's too late. 00:22:02.979 --> 00:22:04.500 But the United States isn't in that situation. 00:22:04.500 --> 00:22:09.219 So I wanted to say one thing, sort of almost a correction. 00:22:09.219 --> 00:22:13.099 You said that the majority of the world's Bitcoin is in America. 00:22:13.099 --> 00:22:17.579 The majority of the world's Bitcoin private keys might be in America, or the majority 00:22:17.579 --> 00:22:22.300 of Bitcoin companies that hold Bitcoin might be in America. 00:22:22.300 --> 00:22:26.619 But and I'm just saying this for people listening or just trying to figure out what Bitcoin 00:22:26.619 --> 00:22:27.619 even is. 00:22:27.619 --> 00:22:32.180 Bitcoin is everywhere, because it's it is the entire Bitcoin network. 00:22:32.180 --> 00:22:37.420 And that's one of the beauties of being a Bitcoin and what gives us so much power as 00:22:37.420 --> 00:22:42.459 we move forward into a world that is on a Bitcoin standard. 00:22:42.459 --> 00:22:47.380 And as more and more countries just start to use Bitcoin for various things, we have 00:22:47.380 --> 00:22:48.979 the power to go anywhere. 00:22:48.979 --> 00:22:56.619 So the concept of of America and of the United States in the future, I'm not sure it looks 00:22:56.619 --> 00:22:58.420 like what it looks like now. 00:22:58.420 --> 00:23:08.020 We, the three of us are at an age where we our whole lives, there have been 50 U.S. states. 00:23:08.020 --> 00:23:13.300 There's some territories, there's like Guam, there's like Puerto Rico, U.S. Virgin Islands. 00:23:13.300 --> 00:23:14.300 What are they exactly? 00:23:14.300 --> 00:23:16.579 You don't really need a passport to go there. 00:23:16.579 --> 00:23:21.739 But essentially, America is just look like it's look like now we're talking about taking 00:23:21.739 --> 00:23:23.420 back the Panama Canal. 00:23:23.420 --> 00:23:27.339 It's in Panama, like it's not even anywhere near the United States. 00:23:27.339 --> 00:23:28.459 And yet it's going to be ours. 00:23:28.459 --> 00:23:30.180 We're talking about taking Greenland. 00:23:30.180 --> 00:23:37.260 And in the future, the world is going to open up to to Bitcoiners. 00:23:37.260 --> 00:23:43.099 And so, yeah, why do you so so explain to us why you hate America so much that you were 00:23:43.099 --> 00:23:47.380 opposing to us going to Panama and liberating it, going to Greenland and liberating it from 00:23:47.380 --> 00:23:51.300 the clutches of I put out a post the next day. 00:23:51.300 --> 00:23:55.180 I'm excited because I have always wanted to go to Greenland. 00:23:55.339 --> 00:23:58.020 And how sick is it going to be to hop on a plane and go to Greenland? 00:23:58.020 --> 00:23:59.500 You don't have to use a passport. 00:23:59.500 --> 00:24:00.500 Let's go. 00:24:00.500 --> 00:24:01.500 Just the driver's license. 00:24:01.500 --> 00:24:02.500 Let's go. 00:24:02.500 --> 00:24:06.099 I do think I mean, this is something else that I don't know if you guys are interested 00:24:06.099 --> 00:24:07.099 in this at all. 00:24:07.099 --> 00:24:12.099 But I mean, one of the again, one of the big motivations for going after for going after 00:24:12.099 --> 00:24:15.180 Panama is because of the inroads that China's made just economically. 00:24:15.180 --> 00:24:16.619 They have been building. 00:24:16.619 --> 00:24:17.660 They've been busy, man. 00:24:17.660 --> 00:24:19.099 They've been building ports. 00:24:19.099 --> 00:24:24.099 They've been investing and again, doing a lot of the investing and getting basically 00:24:24.099 --> 00:24:29.420 getting different countries to denominate their debt in Chinese, the Chinese currency. 00:24:29.420 --> 00:24:31.300 And so again, that's that's the U.S. playbook. 00:24:31.300 --> 00:24:33.219 That's I'm sure that's, you know, Great Britain as well. 00:24:33.219 --> 00:24:37.579 But like, that's the playbook is get people, you know, give them stuff and then put the 00:24:37.579 --> 00:24:41.459 debt in your own currency and then you're creating demand for your own currency. 00:24:41.459 --> 00:24:47.979 And so so again, the U.S. doesn't want China, you know, who is tremendously involved in 00:24:47.979 --> 00:24:51.819 Panama to be able to just to close the doors on the giant, you know, the biggest one of 00:24:51.819 --> 00:24:53.459 the biggest shipping ports in the entire world. 00:24:54.300 --> 00:24:59.819 So that one, again, I can I can from an American standpoint, I can see that one's more defensible 00:24:59.819 --> 00:25:00.819 than some of the other ones. 00:25:00.819 --> 00:25:04.180 And even I think the defense of Greenland is for Russia as well. 00:25:04.180 --> 00:25:08.900 Like it's opening up shipping lanes and well, there's also the gun. 00:25:09.579 --> 00:25:15.339 Well, I never thought about this, but Mexico is building it's not a canal, but it's 00:25:15.339 --> 00:25:21.660 essentially it's like an eight lane highway with massive rail lines through the bottom 00:25:21.660 --> 00:25:22.540 part of Mexico. 00:25:22.540 --> 00:25:29.380 So with us naming the Gulf of Mexico, the Gulf of America, it essentially gives us 00:25:29.380 --> 00:25:33.979 jurisdiction to stop ships coming through that are instead of going to the Panama Canal 00:25:33.979 --> 00:25:38.939 are going to go to Mexico to then ship goods across to the Pacific. 00:25:38.939 --> 00:25:43.540 So it's a lot of strategic things going on all at once. 00:25:44.300 --> 00:25:51.219 Like if it's strategic at all and if it's not just like, yeah, you don't know, you don't 00:25:51.260 --> 00:25:55.300 know where your hands are. Like, you know, Trump is just completely trying to give the 00:25:55.380 --> 00:25:56.619 impression that he's a loose cannon. 00:25:56.619 --> 00:25:57.859 So you just don't know where he's going to go. 00:25:57.859 --> 00:25:59.900 So you can't do anything. It's completely hand tied. 00:26:00.260 --> 00:26:03.380 We're going to send a lot of very beautiful new maps. 00:26:04.500 --> 00:26:08.219 Is is Trump playing 4-D chess or is he an idiot savant? 00:26:09.300 --> 00:26:10.380 And does it matter? 00:26:10.380 --> 00:26:11.979 It's like probably both. 00:26:11.979 --> 00:26:12.979 And yeah, it's both. 00:26:15.540 --> 00:26:19.939 But yes, also, oh, I also want to say, sorry, I keep cutting you off, but I'm almost 00:26:19.939 --> 00:26:25.739 positive that China has something to do with that infrastructure project in 00:26:25.739 --> 00:26:30.420 Mexico, which they often do, because China, go look at what the infrastructure they're 00:26:30.420 --> 00:26:33.819 building in China. They can build bridges, they can build high speed rail lines. 00:26:33.819 --> 00:26:35.540 And the Silk Road project is insane. 00:26:35.540 --> 00:26:37.819 The infrastructure behind it is completely bonkers. 00:26:37.819 --> 00:26:39.780 It's amazing what you can do when you don't have to pay people. 00:26:39.780 --> 00:26:40.859 It's just incredible. 00:26:43.459 --> 00:26:48.699 But yeah, no, the infrastructure, too, they're building the entire infrastructure for 00:26:48.699 --> 00:26:52.420 Africa. I mean, not all of it, but like an unbelievable amount of infrastructure in 00:26:52.420 --> 00:26:53.699 Africa that just isn't there. 00:26:53.699 --> 00:26:56.020 And it's just like, yeah, unbelievable. 00:26:56.060 --> 00:27:00.339 So when they're and again, like the crazy thing is they're in a race against time, too. 00:27:00.339 --> 00:27:04.579 Like they're flying like crazy because right now, I mean, they have what is it like 00:27:04.579 --> 00:27:06.180 four times more debt the United States? 00:27:06.180 --> 00:27:11.300 It's something insane where they have so much debt and they're projecting this 00:27:11.300 --> 00:27:16.219 strength. That is just I mean, by all accounts, there's people who are investing 00:27:16.219 --> 00:27:18.180 there. I think Kyle Bass is one of them. 00:27:18.420 --> 00:27:19.819 He's like they are a paper tiger. 00:27:19.819 --> 00:27:22.540 They have like again, they have a demographic cliff that's going to happen. 00:27:22.819 --> 00:27:24.219 The people aren't reproducing. 00:27:24.699 --> 00:27:29.579 This is basically their one their one opportunity to kind of get out ahead of this 00:27:29.579 --> 00:27:31.060 thing in some ways. 00:27:31.060 --> 00:27:36.060 And so, you know, if they're the question is, how much longer are you going to is things 00:27:36.060 --> 00:27:38.859 going to go on like this before you get some sort of kinetic conflict? 00:27:39.339 --> 00:27:43.380 I've got a buddy who's in the Navy who has written this big exhaustive piece about how 00:27:43.380 --> 00:27:45.060 like, you know, China's way. 00:27:45.060 --> 00:27:47.900 We're just one one move away from them taking. 00:27:48.500 --> 00:27:52.099 What's the port there with all the chip manufacturing companies? 00:27:52.099 --> 00:27:53.579 Is it Taiwan? Taiwan. 00:27:53.900 --> 00:27:55.020 They take Taiwan. 00:27:55.020 --> 00:27:58.780 And, you know, it's it's on like it's it's a it's not a good place. 00:27:58.780 --> 00:28:01.739 And then there's somebody else I can't remember. 00:28:01.739 --> 00:28:02.699 There's one other thing. 00:28:02.699 --> 00:28:03.780 I don't know if it's China. 00:28:03.979 --> 00:28:08.180 Basically, there's one other strategic place where it's like if we take this, then then 00:28:08.180 --> 00:28:12.020 it's a whole deal. And so, again, then then a lot of this stuff, you could have periods 00:28:12.020 --> 00:28:17.660 where, you know, where economically we have less of a we have a move away from globalism 00:28:17.660 --> 00:28:18.780 for at least a period. 00:28:19.300 --> 00:28:24.939 This is somebody is it Ray Dalio talks about this, about how you have these periodic, you 00:28:24.939 --> 00:28:28.660 know, kind of like wave like shifts from globalist globalism to nationalism. 00:28:28.979 --> 00:28:30.939 And also the sovereign individual thesis, too. 00:28:30.979 --> 00:28:32.140 Yeah, exactly. 00:28:32.140 --> 00:28:33.380 So. So, yeah. 00:28:33.380 --> 00:28:37.859 So we'll see. I mean, again, you could have periods where our economy, you could bring 00:28:37.900 --> 00:28:41.939 home a lot of this stuff just by necessity because you can't or you're going to get a 00:28:42.020 --> 00:28:43.020 kinetic warfare. 00:28:43.979 --> 00:28:46.500 You're going to have to sacrifice lives and a whole bunch of other things. 00:28:46.619 --> 00:28:49.380 I am super bearish on kinetic warfare. 00:28:49.380 --> 00:28:55.180 Not that kinetic warfare is bullish, but yeah, I just like the connectivity of the world 00:28:55.180 --> 00:28:59.579 economy and the Internet and especially with like Bitcoin and the way the capital, the 00:28:59.579 --> 00:29:04.780 returns on violence are just monumentally low, like they've literally never been lower 00:29:04.780 --> 00:29:07.339 and they're just lowering all the time, all the time. 00:29:07.339 --> 00:29:15.020 It's just. For China and America to go to war, like you think about that, like a kinetic 00:29:15.300 --> 00:29:20.459 World War, World War Two style war, it's like mutually assured destruction, you think? 00:29:20.459 --> 00:29:25.900 Yeah, I mean, well, that's that's like a whole nother level of reality on top of just the 00:29:25.900 --> 00:29:30.260 practical economic reality, like the practical economic reality is like. 00:29:32.180 --> 00:29:34.540 Yeah, no, it's just it's just ridiculous. 00:29:34.540 --> 00:29:37.260 All of our stuff is is Chinese. 00:29:37.579 --> 00:29:41.619 Yeah, like they like and then there's the food situation, too. 00:29:41.619 --> 00:29:45.339 We're like so much of our food goes to China because they just they have a lot of 00:29:45.339 --> 00:29:46.339 people they need. 00:29:46.459 --> 00:29:50.459 They don't have as as a as much aggregable land as we do. 00:29:50.459 --> 00:29:52.619 And it's just like, well, this is what we got to do. 00:29:53.140 --> 00:29:55.979 And then so that's the lower level economics. 00:29:55.979 --> 00:29:58.859 Then the next level would be mutually assured destruction. 00:29:59.579 --> 00:30:00.579 World War. Yeah. 00:30:00.579 --> 00:30:05.500 I was including economic destruction in the actual blowing ourselves up. 00:30:05.819 --> 00:30:11.739 Yeah. And then on top of that, you know, you get into the the fringe, the fringe 00:30:11.739 --> 00:30:17.500 understanding of reality, which is like MH370, like hidden physics and the whole that 00:30:17.500 --> 00:30:21.180 whole other thing, which is another rabbit hole to touch on at some point for this 00:30:21.180 --> 00:30:27.260 podcast. But with that stuff in mind, it's like there's just no war. 00:30:27.459 --> 00:30:32.060 War is something that like if there's going to be kinetic warfare, I can see it 00:30:32.060 --> 00:30:36.099 happening in space, which is like satellites. 00:30:36.619 --> 00:30:40.219 And I think Pippa Membrane, I think, has mentioned something like this. 00:30:41.339 --> 00:30:43.300 She's awesome. If you guys don't know who that is. 00:30:43.979 --> 00:30:48.780 But there is presently some kind of like. 00:30:49.739 --> 00:30:55.819 Call it. Like spy, a spy game happening in space where satellites and 00:30:56.819 --> 00:31:01.780 imaging things are interfering with each other and blocking each other and doing this 00:31:01.780 --> 00:31:06.099 whole like thing, because these satellites have been out there for decades, I think, at 00:31:06.099 --> 00:31:11.739 this point that are just literally surveying every single second of every single inch 00:31:11.780 --> 00:31:13.739 of the earth at all times. 00:31:13.939 --> 00:31:18.260 It's yeah, it's crazy that it's one of these things where, again, like I mean, you 00:31:18.260 --> 00:31:19.619 guys remember that. What was the balloon? 00:31:19.619 --> 00:31:22.859 Like they confirmed that that that balloon that was just flying across the country was a 00:31:22.859 --> 00:31:24.900 Chinese balloon. Right. I'm not misremembering that. 00:31:25.300 --> 00:31:27.060 Yeah, there were multiple balloons. 00:31:27.060 --> 00:31:30.660 They only one of them crashed or was shot down or whatever. 00:31:30.660 --> 00:31:34.660 But there had been others that had passed that nobody stopped prior. 00:31:34.660 --> 00:31:35.939 Yeah, yeah, yeah. 00:31:35.979 --> 00:31:38.020 And you're just like, wait, we did what? 00:31:38.140 --> 00:31:41.780 You know. But then again, yeah, it's like I understand the incentives are such that it 00:31:41.780 --> 00:31:43.459 doesn't make sense to go to war. 00:31:43.979 --> 00:31:47.099 But like when you have I mean, that's like imagine if Russia did that. 00:31:47.459 --> 00:31:48.420 Imagine if that was Russia. 00:31:48.420 --> 00:31:51.459 We'd be you'd have Lindsey Graham with his knickers in a knot. 00:31:51.459 --> 00:31:53.260 We'd be like we'd be going to war tomorrow. 00:31:53.540 --> 00:31:57.540 And so just like the selective outrage based on, you know, again, it's understandable 00:31:57.540 --> 00:32:01.939 because of the deeply entwined economic ties between our two countries. 00:32:02.619 --> 00:32:04.180 But still, like, I mean, it's just like how. 00:32:04.979 --> 00:32:08.260 Yeah, it's like how long do you I think they're playing the long game. 00:32:08.260 --> 00:32:09.739 I mean, this is like China's M.O. 00:32:09.739 --> 00:32:10.859 Right. Like they play the long game. 00:32:10.859 --> 00:32:11.979 China plays go. Yeah. 00:32:12.020 --> 00:32:13.619 Yeah, exactly. Exactly. 00:32:13.979 --> 00:32:17.260 But but yeah, but I mean, that's kind of the thing is, I mean, from I can't remember who 00:32:17.260 --> 00:32:18.300 else I was listening to on this. 00:32:18.780 --> 00:32:23.300 But yeah, they just are saying China's demographic cliff is like twenty fifty. 00:32:23.819 --> 00:32:25.540 Like they're they're they don't have enough kids. 00:32:25.540 --> 00:32:28.619 They're going to start shrinking their, you know, their their power is going to be 00:32:28.619 --> 00:32:30.140 waning, all this kind of stuff. 00:32:30.140 --> 00:32:32.339 And so like this is that they're making hay right now. 00:32:32.540 --> 00:32:34.219 But again, like to what end, really? 00:32:34.219 --> 00:32:39.060 Like what is if they can't can't overcome the the demographic cliff? 00:32:39.060 --> 00:32:43.219 Is it just what like you just store up enough of the world's debt to? 00:32:43.780 --> 00:32:49.939 This is interesting because the like big I think China has the second largest Bitcoin 00:32:49.939 --> 00:32:54.180 reserves to from Bitcoin that they confiscated second to America. 00:32:54.699 --> 00:32:58.020 I'm curious about I mean, maybe you guys know this, maybe you don't. 00:32:58.020 --> 00:32:59.300 I'm going to have to go research this. 00:32:59.300 --> 00:33:02.219 But like what's China's policy on Bitcoin presently? 00:33:02.540 --> 00:33:06.939 Because it's it's almost ridiculous to try and follow it because they ban Bitcoin every 00:33:06.939 --> 00:33:13.180 other month. And then on top of that, the incentives in Bitcoin apply to China. 00:33:13.859 --> 00:33:19.060 Yeah. Right. So internally, how is that going to affect the people of China? 00:33:19.060 --> 00:33:22.500 Like demographics, like we're all Bitcoiners here. 00:33:22.859 --> 00:33:24.140 We all have kids like. 00:33:25.300 --> 00:33:30.660 Bro, part of the reason we have kids is because we're Bitcoiners and demographic cliff. 00:33:30.979 --> 00:33:36.020 But how does the how does Bitcoin affect that in China, in the east? 00:33:36.020 --> 00:33:39.180 I don't know if you guys have any thoughts or insights on that, but. 00:33:39.619 --> 00:33:41.619 I'm just well, I just I just look something up. 00:33:41.660 --> 00:33:42.660 This is interesting. 00:33:42.979 --> 00:33:47.819 So you're saying that China is going to fall off a demographic cliff by 2050. 00:33:49.459 --> 00:33:54.140 The U.S. kind of would, too, like our our I don't even know if we're hitting a replacement 00:33:54.140 --> 00:34:00.260 rate right now, but we have massive immigration like everybody in the world wants to come 00:34:00.260 --> 00:34:01.260 to the United States. 00:34:01.300 --> 00:34:02.380 Why wouldn't they? 00:34:02.780 --> 00:34:04.420 And I just looked it up in China. 00:34:05.020 --> 00:34:08.060 I don't know how many people I can look at my people over there. 00:34:08.659 --> 00:34:14.020 Over a billion people, they only have they have less than a million foreign nationals 00:34:14.020 --> 00:34:15.659 even living in China. 00:34:15.899 --> 00:34:17.979 Yeah, they basically have no immigration. 00:34:18.379 --> 00:34:24.340 And I just looked it up and the numbers in the U.S. 00:34:24.500 --> 00:34:30.300 are about one point two million people immigrate per year to the United States. 00:34:30.620 --> 00:34:31.659 Yeah. Wow. Yeah. 00:34:31.659 --> 00:34:37.260 And it's because they recognize the they recognize the I mean, they recognize a lot and 00:34:37.260 --> 00:34:44.139 are much more real in terms of the the consequences of, you know, of both like just the 00:34:44.139 --> 00:34:45.459 call of cultural difference. 00:34:45.699 --> 00:34:48.620 Like they are they are a monoculture to the extreme. 00:34:48.899 --> 00:34:53.020 And obviously we would say to like unhealthy degrees and and oppressive degrees. 00:34:53.620 --> 00:34:58.300 But again, they recognize there is a consequence to letting people into your country who 00:34:58.300 --> 00:35:01.780 have vastly different beliefs about the nature of reality. 00:35:02.459 --> 00:35:07.939 And they are not willing to in any way concede and let that in. 00:35:07.939 --> 00:35:11.739 Now, again, you can you can argue, well, they're missing out on a tremendous amount of 00:35:11.739 --> 00:35:15.899 investment and talented people and all these kind of things, which is true. 00:35:16.179 --> 00:35:19.899 But those things all come at a cost, especially when the vast majority of people who are 00:35:19.899 --> 00:35:23.060 coming in the United States aren't necessarily the talented people. 00:35:23.260 --> 00:35:27.580 There are people who are fleeing from the worst countries on Earth, countries, you know, 00:35:27.580 --> 00:35:33.419 countries whose economies have been destroyed through, you know, just the the results of 00:35:33.500 --> 00:35:34.340 fiat currencies. 00:35:34.620 --> 00:35:38.699 Yeah. So again, we're reaping what we're selling to to a large degree. 00:35:39.100 --> 00:35:42.780 There's also the new buy a U.S. 00:35:42.780 --> 00:35:47.780 citizenship, provided that you are going to create however many jobs and it costs five 00:35:47.780 --> 00:35:53.020 million bucks or something for it's like, bro, every single entrepreneurial minded person 00:35:53.020 --> 00:35:58.060 who exists like has lived their entire lives in a different country that's not America and 00:35:58.060 --> 00:35:59.060 has the money to do it. 00:35:59.060 --> 00:36:01.260 They're just like, of course, I will do this. 00:36:01.300 --> 00:36:05.500 I will literally I will literally do this as fast as I can. 00:36:05.899 --> 00:36:12.659 See, my my my immediate first thought was, OK, how are, you know, terrorist things in the 00:36:12.659 --> 00:36:13.739 in the Middle East going to use this? 00:36:13.739 --> 00:36:15.340 And then also, how is China going to use it? 00:36:15.620 --> 00:36:19.939 So China, now you have now you're giving American citizenship to you know, you've had you've 00:36:19.939 --> 00:36:23.979 had like a lot of the people who've been stealing secrets in the United States have been 00:36:24.620 --> 00:36:29.139 foreign exchange students who are on these college campuses and they've been leveraging their 00:36:29.139 --> 00:36:30.300 position, all this kind of stuff. 00:36:30.500 --> 00:36:34.820 Well, how what happens when all of those people are actually American citizens and they have 00:36:34.820 --> 00:36:37.699 American rights and they have all these things like you just accused them? 00:36:37.699 --> 00:36:39.540 I mean, I guess you can accuse them of treason. 00:36:40.300 --> 00:36:44.659 But again, I'm just I'm just wondering on that level, what does the complexity how does that 00:36:44.659 --> 00:36:46.139 add legal complexity? 00:36:46.739 --> 00:36:48.419 I mean, you're seeing tons of legal complexity. 00:36:48.620 --> 00:36:52.659 Yeah. Well, I mean, you're seeing a lot of the conversation right now. 00:36:52.659 --> 00:36:56.620 There's a again, a foreign exchange student comes in, starts talking bad about the United 00:36:56.620 --> 00:36:59.739 States or something. And the Trump administration wants to kick her out. 00:36:59.739 --> 00:37:03.939 And there's people who are fighting against fighting against their their right to do this. 00:37:04.540 --> 00:37:08.340 And so, again, how much more do you heighten that if you're you know, if a lot of these 00:37:08.340 --> 00:37:12.060 people now have I mean, because again, how many how many millionaires are in China? 00:37:12.100 --> 00:37:13.020 Do we want to look this up? 00:37:13.979 --> 00:37:14.979 It's tons. 00:37:15.179 --> 00:37:17.379 It's I mean, it's it's tons. 00:37:17.379 --> 00:37:18.939 It's millions, right? It's millions. 00:37:20.060 --> 00:37:21.659 But it's also this interesting dynamic. 00:37:21.659 --> 00:37:25.300 And when I lived in South Korea, we saw this everywhere. 00:37:26.020 --> 00:37:31.939 South Korea has a dynamic of if you are 18, you have to register. 00:37:31.939 --> 00:37:33.219 It's the same as Israel, right? 00:37:33.580 --> 00:37:36.100 If you're 18, you have to serve two years in the military. 00:37:36.260 --> 00:37:42.820 Yeah. And everybody who's rich in South Korea is like, nah, I'm not having my kids do 00:37:42.820 --> 00:37:44.340 that. They're going to go to school in America. 00:37:44.540 --> 00:37:45.820 They're going to start in high school. 00:37:45.820 --> 00:37:47.580 We're going to buy property in America. 00:37:47.580 --> 00:37:51.659 We're going to have the kids go to high schools in America because we can afford it, 00:37:51.659 --> 00:37:53.780 whatever the best schools in America. 00:37:53.939 --> 00:37:55.739 And then they go to college in America and the whole thing. 00:37:55.739 --> 00:37:58.820 And then they go back to to Korea after all their schooling is done. 00:37:59.100 --> 00:38:01.500 A similar thing happens with China, as we're all well aware. 00:38:02.300 --> 00:38:08.260 All of the rich kids in China go and study in Europe and they go and study in American 00:38:08.260 --> 00:38:09.459 universities and the rest of it. 00:38:09.659 --> 00:38:11.100 And then they go back to China. 00:38:11.580 --> 00:38:12.340 And so it's like. 00:38:15.419 --> 00:38:21.580 The amount of Chinese nationals and Korean nationals who have who I know personally, 00:38:21.580 --> 00:38:26.659 who are my age, who have dual, I think, dual citizenship with the United States and 00:38:26.659 --> 00:38:30.939 Korea or China, it's so many like I've witnessed this over and over and over again. 00:38:31.060 --> 00:38:32.459 Yeah. Yeah. 00:38:32.699 --> 00:38:34.739 Yeah. And this is where I mean, I look at. 00:38:35.540 --> 00:38:40.340 Yeah. I mean, do you know, like, I mean, Mitch McConnell, arguably the most powerful 00:38:40.340 --> 00:38:42.939 up until he's now not sentient, basically. 00:38:43.139 --> 00:38:47.780 But but he I mean, he's married to married to the daughter of this giant Chinese 00:38:47.780 --> 00:38:51.300 shipping magnet, like one of the wealthiest families in China. 00:38:51.300 --> 00:38:53.340 He's married to her. And you're just like this. 00:38:53.540 --> 00:38:55.699 And then you find all these there's all these spies. 00:38:55.899 --> 00:38:59.939 You're like all of these guys are farming out the United States left, right and center 00:38:59.939 --> 00:39:01.580 for years. They've been doing this. 00:39:01.820 --> 00:39:06.179 And so, I mean, because, again, it's the same logic as what happened with the with the 00:39:06.179 --> 00:39:07.300 United States and the UK. 00:39:07.300 --> 00:39:10.260 Like you basically central bankers get in there. 00:39:10.500 --> 00:39:15.340 They suck out the life of this of the country through the economy, suck out the life 00:39:15.340 --> 00:39:19.139 blood via the money, and then they move on to the next host. 00:39:19.379 --> 00:39:22.860 And so the United States has been the has been the next host for the last hundred 00:39:22.860 --> 00:39:27.540 whatever years. And so now, again, that first of all, the thought in the 80s was that 00:39:27.540 --> 00:39:29.260 that the next host is going to be Russia. 00:39:29.500 --> 00:39:33.379 And so that's why you had all this Russian propaganda of all Russia, the next one, 00:39:33.379 --> 00:39:37.020 blah, blah, blah, blah. And then, nope, we weren't ready to do that yet. 00:39:37.020 --> 00:39:41.580 And now it's kind of China is, you know, even guys like we just mentioned him, Dalio, 00:39:41.739 --> 00:39:43.659 like Dalio's invest in tons of money. 00:39:43.659 --> 00:39:46.379 And so he's talking his book, talking about how China is the future. 00:39:46.979 --> 00:39:50.500 And again, like there's reason to believe that, like it makes sense on paper. 00:39:50.739 --> 00:39:55.020 But again, there are complicating factors to this, like your demographic cliff. 00:39:55.060 --> 00:39:58.379 You know, there's there's a whole bunch of other things like the cultural, cultural, 00:39:58.620 --> 00:40:03.899 like your culture as a country has a humongous impact on, you know, the way that 00:40:03.899 --> 00:40:05.979 things go and the way that the world turns. 00:40:06.620 --> 00:40:11.139 I think the bullish case for China is this is somebody I'm a Christian, like there's 00:40:11.139 --> 00:40:14.780 100 million Chinese Christians and that number is exploding exponentially. 00:40:15.020 --> 00:40:18.620 So I think like the bullish case for China is that number continues to rise. 00:40:18.899 --> 00:40:23.060 And those people are having kids, you know, like they're they're happy to comply with 00:40:23.060 --> 00:40:26.340 the more like if you look at the demographics of who's having a lot of kids, 00:40:26.340 --> 00:40:29.300 Christians have lots of kids around the world. 00:40:29.540 --> 00:40:30.540 They value life. 00:40:30.899 --> 00:40:33.020 Obviously, the United States killed a whole lot of them, too. 00:40:33.020 --> 00:40:37.580 But but you have this thing where, again, as you Christians have kids, they 00:40:37.580 --> 00:40:41.060 appreciate life. And so that's one place where depending on how many kids they have, 00:40:41.060 --> 00:40:43.780 it can basically I don't think it's going to stem it necessarily. 00:40:43.780 --> 00:40:47.179 I'm not going to predict that, but I think it can significantly have an impact. 00:40:48.100 --> 00:40:49.419 So, again, we'll see. We'll see. 00:40:49.419 --> 00:40:52.179 You know, those kind of differences are huge. 00:40:52.179 --> 00:40:53.899 Those kind of factors have a big impact. 00:40:54.219 --> 00:40:59.179 I think that one of the one of the biggest factors, if not the biggest one, is that 00:40:59.379 --> 00:41:03.500 and there's got to be like a good philosophy about this. 00:41:03.780 --> 00:41:07.659 Saifedean has talked about this, but it's the idea that. 00:41:09.260 --> 00:41:15.939 The political structure of society and civilization is predicated on the type of money, 00:41:15.939 --> 00:41:21.179 so the type of money kind of dictates how our political structure functions, and 00:41:21.260 --> 00:41:24.500 practically this this checks out and makes sense if you have a central bank printing 00:41:24.500 --> 00:41:28.780 money, your your political apparatus is going to be super bloated. 00:41:28.979 --> 00:41:31.139 You're going to have all these problems. 00:41:31.139 --> 00:41:35.379 It's just people money grubbing and fraud and the whole thing, which exactly is what we 00:41:35.379 --> 00:41:36.939 have in America presently. 00:41:38.739 --> 00:41:44.379 Now, if you replace that with Bitcoin, how does that change borders? 00:41:44.899 --> 00:41:49.540 Right. Like how does a how does a country enforce its borders in a similar in a similar 00:41:49.540 --> 00:41:52.260 way or fail to enforce its borders in a similar way? 00:41:52.260 --> 00:41:56.939 Like these these dynamics are are now completely. 00:41:59.739 --> 00:42:05.219 Up for grabs like we can we can start to question these weird like is is the West 00:42:05.219 --> 00:42:10.260 failing in the order of self-governing nations that have borders, you look at a map like 00:42:10.260 --> 00:42:13.379 any world map, there's really clear borders, blah, blah, blah. 00:42:13.500 --> 00:42:17.540 Apart from one one or two, not one or two, a handful of contested zones. 00:42:17.899 --> 00:42:21.020 Yeah. Is that is that even necessary under Bitcoin standard? 00:42:21.020 --> 00:42:28.860 Like that's because, well, if if all the people in Nicaragua or wherever that are 00:42:28.860 --> 00:42:33.379 trying to get into America because their country has been destroyed by their politics, 00:42:33.620 --> 00:42:35.419 which are just fiat politics. 00:42:35.860 --> 00:42:40.419 Well, what if all those people are now Bitcoin denominated? 00:42:41.179 --> 00:42:46.219 They don't really need to try and get into America, provided their local government's 00:42:46.219 --> 00:42:48.860 friendly with Bitcoin. Case in point, El Salvador. 00:42:49.139 --> 00:42:53.419 All the El Salvadorians are repatriated, not all of them, but like so many of you hear 00:42:53.419 --> 00:42:56.620 all these stories about like I am so proud in town. 00:42:56.620 --> 00:43:00.020 I don't know if you've seen them, but like you see license plates in L.A. 00:43:00.020 --> 00:43:04.379 and like bumper stickers and like El Salvadorian flags, like people have lived or lived in 00:43:04.379 --> 00:43:05.580 America their whole life. 00:43:05.739 --> 00:43:12.979 And now they're like unbelievably excited about just being El Salvadorian for the first 00:43:12.979 --> 00:43:14.780 time ever. They're just they love it. 00:43:15.300 --> 00:43:22.540 They left during a civil war in the late, late 70s, early 80s. 00:43:22.699 --> 00:43:28.459 Yeah, a friend of mine's father in law left when he was 17 and amid a full civil war and 00:43:28.459 --> 00:43:32.739 just went back two years ago to El Salvador for the first time. 00:43:32.979 --> 00:43:36.260 Like he hadn't seen his sisters since he was 17 years old. 00:43:36.500 --> 00:43:39.100 And he was like, it's incredible now. 00:43:39.500 --> 00:43:44.699 Hmm. So you were you're saying like basically our borders even necessary. 00:43:44.739 --> 00:43:51.620 Well, there's been a huge push for socialism in the United States, socialized medicine 00:43:51.620 --> 00:43:55.459 the way that the UK or Canada has socialized medicine where health care is essentially 00:43:55.459 --> 00:44:00.139 free. And yet at the same time, those same people pushing for it have been pushing for 00:44:00.340 --> 00:44:01.459 free and open borders. 00:44:01.860 --> 00:44:06.379 Well, you can't have both because let's say that all medicine was free. 00:44:06.500 --> 00:44:07.540 Housing is free. 00:44:07.540 --> 00:44:11.500 Just give a universal basic income to everybody. 00:44:11.860 --> 00:44:18.540 Why wouldn't every single person in Nigeria or Ghana or Bangladesh come to the United 00:44:18.540 --> 00:44:19.939 States? They all would. 00:44:20.219 --> 00:44:21.979 And so it doesn't work. 00:44:22.179 --> 00:44:25.659 And the only way that socialism works, it doesn't work. 00:44:25.659 --> 00:44:28.139 But the only way that it works is with money printing. 00:44:28.419 --> 00:44:32.500 You know what country had incredibly predicated on money printing? 00:44:32.820 --> 00:44:38.620 Yes. And this is something I saw when when there were those massive this essentially 00:44:38.620 --> 00:44:41.100 like a revolution protests in Venezuela. 00:44:41.419 --> 00:44:43.300 It was like about seven years ago. 00:44:43.540 --> 00:44:50.620 One thing you noticed was that the women had breast implants and a lot of people had 00:44:50.620 --> 00:44:55.340 braces. They got free breast implants and free braces. 00:44:55.379 --> 00:45:00.820 Meanwhile, you're watching videos of people literally like jumping over barbed wire 00:45:00.820 --> 00:45:06.179 fences and chasing cows with rocks to kill cows because there was no food to eat. 00:45:06.780 --> 00:45:12.379 So socialism, it kind of works when you can throw endless money printing at it. 00:45:12.379 --> 00:45:15.899 It doesn't work when there's open borders and ultimately it doesn't work. 00:45:16.100 --> 00:45:20.419 And so at some point there are going to be borders that are going to have to be 00:45:20.419 --> 00:45:24.379 enforced. But Bitcoin will end money printing. 00:45:25.419 --> 00:45:30.139 So another another way it kind of works, which it doesn't really work, but it works 00:45:30.139 --> 00:45:36.459 if you're sitting on a giant lake of oil because like the Middle East, they don't even 00:45:36.459 --> 00:45:39.300 have taxes. This is a crazy story. 00:45:39.780 --> 00:45:47.580 We were in Kenya last year and there's a guy who we met who grew up as a missionary 00:45:47.580 --> 00:45:53.179 kid. He's now living in Kenya and a couple of times a month he flies to Saudi Arabia 00:45:54.020 --> 00:45:58.459 and he's working with the kingdom to help basically invest money. 00:45:58.580 --> 00:45:59.939 That's like his whole his whole deal. 00:46:00.540 --> 00:46:03.899 And he talks about how for the first time ever, he's like, first of all, the kingdom has 00:46:04.100 --> 00:46:08.139 they don't have any nonprofit organizations because they don't have any taxes. 00:46:09.060 --> 00:46:11.939 So he's like, because they don't need any taxes because they make so much money via oil. 00:46:12.300 --> 00:46:15.699 And so he said, but they're starting nonprofit organizations because there are certain U.N. 00:46:15.699 --> 00:46:20.419 programs where like you have to you have to have a nonprofit organization or to be involved. 00:46:20.459 --> 00:46:22.780 So he's like working on that. But like, so that's that's one thing. 00:46:22.780 --> 00:46:24.260 Now, again, is that socialism? 00:46:24.300 --> 00:46:27.260 Whatever. Like, you know, that's not everyone's situation. 00:46:27.860 --> 00:46:31.340 The other way you can do it for a limited amount of time is how the Nordic countries, 00:46:31.340 --> 00:46:33.659 which we always hear about from our friend Bernie Sanders. 00:46:33.860 --> 00:46:36.620 Oh, the Nordic countries. Look how progressive they are. 00:46:36.620 --> 00:46:40.500 Look at how. Well, yeah, you know, our comrade Bernie Sanders. 00:46:41.979 --> 00:46:45.300 You know how else you can do communism for a while is when you have somebody else funding 00:46:45.300 --> 00:46:46.699 your national defense. Right. 00:46:46.979 --> 00:46:50.659 We have the United States funding your national defense and that's billions of dollars. 00:46:50.659 --> 00:46:51.979 You don't have to worry about. Well, sure. Yeah. 00:46:51.979 --> 00:46:55.139 I think you can you can make things look pretty good for a limited period of time. 00:46:55.820 --> 00:47:03.260 Yeah. Do you know that in in the Scandinavian countries, they essentially have a. 00:47:04.340 --> 00:47:12.419 It's like a 100 percent or a 200 percent tax on cars, but they pass an incentive, a tax 00:47:12.419 --> 00:47:18.100 incentive back in like the 2010s, where essentially if you had an electric car, you 00:47:18.100 --> 00:47:19.379 didn't pay that tax at all. 00:47:19.580 --> 00:47:26.899 So a Honda Civic, like a basic Honda Civic, was like a hundred thousand dollars to buy 00:47:27.260 --> 00:47:31.219 in Norway. But you could buy a Tesla that was one hundred thousand dollars and it was 00:47:31.219 --> 00:47:32.860 like one for one the same thing. 00:47:33.100 --> 00:47:38.580 Yeah. Anyway, I wouldn't I would prefer not to pay 100 percent tax on an automobile. 00:47:38.580 --> 00:47:43.260 Yeah. Uruguay. Uruguay had 100 percent taxes on imported cars when we were there. 00:47:43.300 --> 00:47:45.659 Yes. Same with Singapore. 00:47:46.340 --> 00:47:52.820 Singapore might have been the the guys who like actually did it and tested and like put 00:47:52.820 --> 00:47:54.580 it forward is like, hey, this actually works. 00:47:54.820 --> 00:47:58.260 Yeah. Also, Singapore has incredible public transportation. 00:47:58.260 --> 00:48:01.659 You can just like literally the whole country is as is a city. 00:48:01.659 --> 00:48:05.419 And so, yeah, like you just hop in the subway and you're good to go. 00:48:05.419 --> 00:48:07.979 You don't you literally don't need a car that in any way. 00:48:08.379 --> 00:48:18.139 No. I would love to do a future episode on how you had places like Macau, Singapore, 00:48:18.219 --> 00:48:24.820 Venice, these these places that essentially became the centers of the world where 00:48:24.820 --> 00:48:26.260 everything was incredible. 00:48:26.260 --> 00:48:28.939 The architecture, the lifestyle was incredible. 00:48:28.939 --> 00:48:36.860 And what made the because I have a feeling that in the same way that we brought this up 00:48:36.860 --> 00:48:41.860 on every podcast, the way that El Salvador has been having a massive boom before there's 00:48:41.860 --> 00:48:48.100 absolute hyper Bitcoinization across the entire earth, there are going to be new Hong 00:48:48.100 --> 00:48:54.100 Kong's and new Venice's that essentially become that way because they are friendly to 00:48:54.100 --> 00:48:55.379 Bitcoiners. Yeah. 00:48:56.340 --> 00:48:58.179 I'm looking for my copy of Bitcoin is Venice. 00:48:58.179 --> 00:48:59.340 I don't know where it went. I know I have. 00:48:59.620 --> 00:49:02.300 Oh, damn. The time. 00:49:02.300 --> 00:49:07.739 I mean, I when I visited Venice, like I was just amazed because it's like, how on earth did 00:49:07.739 --> 00:49:11.699 this place come about? And then you realize like, oh, the reason it comes about is because 00:49:11.699 --> 00:49:14.379 they're able to. I mean, you could you just like watched. 00:49:14.379 --> 00:49:16.219 Apparently you watched a documentary in this like last night. 00:49:16.419 --> 00:49:21.459 But the reason it came about was because they were able to build a city on a marsh, which 00:49:21.459 --> 00:49:23.260 meant that nobody could invade them. 00:49:23.419 --> 00:49:28.899 So they had this in, you know, in era of we're just going to invade the city and steal all 00:49:28.899 --> 00:49:31.860 those resources and therefore we're going to be the king. 00:49:31.860 --> 00:49:34.300 So whoever has the bigger sword wins or, you know, right. 00:49:34.699 --> 00:49:37.500 But you can't you can't invade Venice. 00:49:38.139 --> 00:49:42.659 So then and then the way it's defended, it's like so nobody can invade Venice. 00:49:42.979 --> 00:49:48.419 And so then, well, that just means that that's where all the money goes, because that's where 00:49:48.419 --> 00:49:51.540 you have property rights. That's where you that's where nobody's going to be able to take 00:49:51.540 --> 00:49:54.899 your money. So you can imagine like, OK, cool. 00:49:55.139 --> 00:49:56.419 Now we have all this capital here. 00:49:56.419 --> 00:49:57.419 We can do shipbuilding. 00:49:57.699 --> 00:49:58.699 We can do this other thing. 00:49:58.699 --> 00:50:01.500 We can do like extended long form trade. 00:50:01.500 --> 00:50:06.580 Like Venice is one of the guys who Venice Venice glass Venetian glass. 00:50:06.580 --> 00:50:13.060 Right. Like the reason that all was able to to come about and exist was in the Venetian 00:50:13.060 --> 00:50:17.340 glass in particular, because it they basically just did the same thing over again. 00:50:17.699 --> 00:50:19.219 Oh, we have this advantage. 00:50:19.580 --> 00:50:22.179 The advantage is we can make glass for cheap. 00:50:22.659 --> 00:50:24.100 We have another advantage. 00:50:24.100 --> 00:50:29.020 The advantage is nobody can invade Venice until Napoleon did, of course. 00:50:30.620 --> 00:50:37.419 So so like let's get let's build let's take all the glass, put it on ships, which we can 00:50:37.419 --> 00:50:40.540 defend because we nobody can invade us so we can do really good shipbuilding. 00:50:40.739 --> 00:50:43.780 And let's trade with Africa and get all the gold out of Africa. 00:50:44.300 --> 00:50:50.260 Right. And then the the bead trade, the glass bead trade becomes the slave trade. 00:50:50.659 --> 00:50:55.300 And like it's I don't think Venice was necessarily the start of that, but they're a big 00:50:55.300 --> 00:50:56.580 part of it now. 00:50:56.580 --> 00:50:58.739 So Venice needs to pay reparations is what I'm hearing. 00:50:59.179 --> 00:51:04.459 Yeah. Well, yeah. Essentially, all the pirates of the world, rather than going in a 00:51:04.459 --> 00:51:10.780 raiding Venice, they would come back from the raids and trade within Venice and then go 00:51:10.780 --> 00:51:12.500 back and go and raid. 00:51:12.780 --> 00:51:19.620 And yeah, so basically Bitcoin becomes Venice and cyberspace or becomes Galt's goals, 00:51:19.620 --> 00:51:21.179 Gulch and cyberspace. 00:51:21.419 --> 00:51:27.580 It makes more sense to participate and trade within it than to attack it because you have 00:51:27.580 --> 00:51:28.459 you have nothing to gain. 00:51:28.459 --> 00:51:32.179 You only have you only have something to gain by fairly trading with it. 00:51:33.179 --> 00:51:35.780 You have to put in work to create real value. 00:51:36.699 --> 00:51:40.899 To to eat otherwise, otherwise you just you just don't eat. 00:51:41.379 --> 00:51:42.500 Yeah. Sorry. 00:51:43.219 --> 00:51:46.899 Not a Bitcoin proof of work. 00:51:47.459 --> 00:51:48.979 Yeah. Shout to what's his name? 00:51:49.340 --> 00:51:50.899 Who's the guy who wrote the book, Bitcoin is Venice. 00:51:52.459 --> 00:51:53.739 Alan Farrington, there you go. 00:51:55.659 --> 00:51:57.699 I've got it. Someone read that one. 00:51:58.939 --> 00:52:05.219 Yeah. The other one that is similar on a similar, similar train of thought, there's a guy 00:52:05.219 --> 00:52:07.100 named George Grant. He's a pastor. 00:52:07.100 --> 00:52:09.179 He's a really thoughtful, interesting guy. 00:52:09.219 --> 00:52:13.899 Lives in Nashville. He's founded a classical Christian school. 00:52:13.899 --> 00:52:15.860 I think he's founded a university as well. 00:52:16.020 --> 00:52:18.620 Just really historically informed guy. 00:52:18.620 --> 00:52:21.739 Brilliant. I mean, just speaks perfectly. 00:52:22.620 --> 00:52:27.179 Incredible recall. And he was talking about the development of. 00:52:28.699 --> 00:52:33.459 Swiss like the Swiss economy and just basically how it became one of the darlings of the 00:52:33.459 --> 00:52:36.699 world. And he talked about how it was it was basically this wasteland. 00:52:37.060 --> 00:52:42.899 And there was a Christian monk who went there and just started serving these little kids. 00:52:42.939 --> 00:52:44.540 He's like ministering to these little kids. 00:52:44.780 --> 00:52:47.860 And over time, these little kids just came around and they listened to him. 00:52:48.020 --> 00:52:49.379 And he started like a school. 00:52:49.379 --> 00:52:50.739 He's training them up in school. 00:52:50.939 --> 00:52:53.379 He's you know, they're doing Bible lessons, whatever. 00:52:53.500 --> 00:52:58.020 They're becoming Christians. And so those kids grow up and ends up. 00:52:58.020 --> 00:53:01.820 And again, it's based on he's teaching them like basically the Protestant work ethic. 00:53:02.139 --> 00:53:05.459 And so these guys end up producing a human ton. 00:53:05.459 --> 00:53:07.699 I mean, this is where Swiss army knives were made. 00:53:07.939 --> 00:53:12.179 This is where was it like chocolate watches, watches? 00:53:12.219 --> 00:53:13.379 Yeah, exactly. 00:53:13.379 --> 00:53:18.860 So all of these things started to develop as the fruit of this little missionary monk who 00:53:18.860 --> 00:53:23.060 just made it his life's work to just basically serve this this place. 00:53:23.659 --> 00:53:28.300 And so then they had so much money from how how profitable and fruitful that their labor 00:53:28.300 --> 00:53:30.580 had been, that that's how Swiss banking started. 00:53:30.820 --> 00:53:32.219 They had to figure out what to do with it. 00:53:32.659 --> 00:53:35.179 And so, again, they have some good geographical isolation as well. 00:53:35.179 --> 00:53:37.699 And a whole bunch of stuff via the mountains. 00:53:37.699 --> 00:53:39.260 And so, yeah, it's just fascinating. 00:53:39.260 --> 00:53:41.060 It's fascinating how these things happen. 00:53:41.060 --> 00:53:45.020 And there's like, again, predictable ways where you can watch and predict where these 00:53:45.020 --> 00:53:48.060 things are going to happen. You just you just have to have logic to be able to think 00:53:48.060 --> 00:53:49.979 through. What are the implications of this? 00:53:49.979 --> 00:53:51.260 What's the game theory? What's the whole thing? 00:53:51.659 --> 00:53:54.300 As you say, just what you say, what is logic? 00:53:55.100 --> 00:53:56.300 Logic is a time machine. 00:53:56.340 --> 00:53:57.540 Let's go based. 00:53:57.860 --> 00:54:00.739 I just looked at the Bible verse Proverbs 11 one. 00:54:00.739 --> 00:54:06.340 The Lord detests dishonest scales, but accurate weights find favor with him. 00:54:07.179 --> 00:54:14.540 And I feel like that's the way that that these places were why they prospered was 00:54:14.540 --> 00:54:17.379 because they had fair trade within those places. 00:54:17.540 --> 00:54:23.820 And when you start messing with taxes and money printing and tariffs and all this 00:54:23.820 --> 00:54:28.939 stuff to try and like, I don't know, to punish the producers and punish the 00:54:28.939 --> 00:54:33.580 consumers, then it makes the scales uneven. 00:54:33.899 --> 00:54:36.780 And so Bitcoin is famous for that. 00:54:36.780 --> 00:54:39.179 They had the same gold coin. 00:54:39.179 --> 00:54:42.739 Now, I don't think it was circulated, but it was like their reserve currency was the 00:54:42.739 --> 00:54:47.179 exact same gold coin for hundreds and hundreds of years. 00:54:47.580 --> 00:54:51.899 It's just this is like this is the standard that we're going to use. 00:54:52.100 --> 00:54:55.860 This is it. They had other currencies, of course, but like this is one currency, which 00:54:55.860 --> 00:55:01.979 is like completely standard as the base currency for hundreds of years to your 00:55:01.979 --> 00:55:05.060 point. A concept we can't even comprehend anymore. 00:55:05.820 --> 00:55:08.379 Yeah. Zero comprehension. 00:55:09.020 --> 00:55:13.659 In our lifetimes, we've watched the money physically get debased. 00:55:13.699 --> 00:55:16.459 I mean, cash almost doesn't even exist anymore. 00:55:17.179 --> 00:55:20.580 They were saying we had a coin shortage back in the covid era. 00:55:20.939 --> 00:55:27.540 And then if you literally just hold a quarter, if you can even find one, a 2023 to 2025 00:55:27.540 --> 00:55:30.219 quarter, they just feel cheap in your hand. 00:55:30.219 --> 00:55:34.860 Yeah. So even though the quarter was already debased to worthlessness with the little 00:55:34.860 --> 00:55:41.419 copper stripe down the middle after 1964, somehow they debased it further and pretty 00:55:41.419 --> 00:55:44.580 soon it'll be made out of plastic if they ever even have it anymore. 00:55:44.580 --> 00:55:48.020 Like, I think I saw a video one time of a of a Japanese yen. 00:55:48.020 --> 00:55:49.820 Like whatever plastic will be too expensive. 00:55:49.820 --> 00:55:54.820 I think you could put whatever the smallest denomination of a Japanese coin is in the 00:55:54.820 --> 00:55:58.260 water. Tension on a cup of water would literally the coin would float. 00:55:58.899 --> 00:56:01.820 Yeah. Like that's how far they can physically debase money. 00:56:02.139 --> 00:56:05.979 See that. No, but that actually helps because then if you have like you're shipping large 00:56:05.979 --> 00:56:09.780 quantities of these coins, you know, previously the coins would sink to the bottom and you 00:56:09.780 --> 00:56:12.500 couldn't access them anymore. So they're thinking of everything over there in Japan. 00:56:13.179 --> 00:56:14.179 Floating coins. 00:56:14.780 --> 00:56:16.500 Don't have to worry about shipwrecks anymore. 00:56:16.540 --> 00:56:17.540 We got it, guys. 00:56:18.100 --> 00:56:19.419 You're taking it off your top. 00:56:22.860 --> 00:56:28.100 We had started out this episode before starting it, we were going to somehow branch into 00:56:28.100 --> 00:56:32.219 A.I. How do you guys think that we're going to bring A.I. 00:56:32.219 --> 00:56:33.620 into every episode to bring A.I. 00:56:33.620 --> 00:56:35.100 into A.I. is Venice. 00:56:35.820 --> 00:56:37.260 Yeah, definitely. 00:56:38.139 --> 00:56:43.379 So A.I., we're at this point where there are certain jobs that A.I. 00:56:43.379 --> 00:56:51.699 is obsoleting, like elements of graphic design are just essentially like you're not 00:56:51.699 --> 00:56:53.300 needed for those things anymore. 00:56:53.979 --> 00:56:55.820 But I was thinking about this yesterday. 00:56:57.060 --> 00:57:03.699 Once every single person has access to all the tools, it kind of zeroes things out again, 00:57:03.699 --> 00:57:07.179 and then you need a skilled operator to use those tools. 00:57:08.260 --> 00:57:11.979 How do you think that other cultures are going to fare? 00:57:12.219 --> 00:57:13.739 Is is it going to? 00:57:14.820 --> 00:57:21.939 Essentially, right now, like the best creators in the world tend to be like English 00:57:21.939 --> 00:57:27.979 speaking Americans and everything like that, I've been noticing that people creating A.I. 00:57:27.979 --> 00:57:32.500 films are just random 18 year olds from Bangladesh. 00:57:32.699 --> 00:57:38.580 And is it going to sort of democratize creativity across the world? 00:57:39.179 --> 00:57:44.620 I think I think, again, it takes so it's going to be the people who have time, right? 00:57:44.939 --> 00:57:49.659 If you if you have time and you don't have money and you have the ability, you have the 00:57:49.659 --> 00:57:54.979 luxury of having time and being willing to spend large amounts of time to turn that into 00:57:55.340 --> 00:57:59.540 what we would what people in different, more developed countries would consider not very 00:58:00.020 --> 00:58:03.379 not a very good amount of money that, yeah, you're going to have tremendous success. 00:58:03.379 --> 00:58:07.060 And so it wouldn't surprise me at all if you get some these A.I. 00:58:07.540 --> 00:58:12.260 these A.I. film experts are in these places where they're dirt poor, but they have these 00:58:12.260 --> 00:58:16.620 incredible tools and all the time in the world, you know, to to do something with them. 00:58:16.620 --> 00:58:21.219 So, I mean, people who are usually dirt poor don't have all the time in the world. 00:58:21.459 --> 00:58:24.060 So, yeah, I mean, this is true. 00:58:24.100 --> 00:58:25.580 It depends on what you're willing to be. 00:58:25.580 --> 00:58:28.100 Yeah. Not evenly distributed, perhaps. 00:58:28.340 --> 00:58:33.540 Yeah. And in your question, one of the first things that comes to mind for me is the idea 00:58:33.540 --> 00:58:35.939 that. The A.I. 00:58:35.939 --> 00:58:42.260 is going to apply to everything like we got code, we got graphic design, we got like 00:58:43.379 --> 00:58:49.580 video now, like all all of these like writing, like all of these things are going to slowly 00:58:49.580 --> 00:58:54.100 become far easier for vast amounts of people now. 00:58:55.179 --> 00:59:00.340 I think what's going to happen to racing it in code, you don't need to be a specialist in 00:59:00.340 --> 00:59:05.459 code anymore. And in fact, I saw the guy, the CEO of Replit, I forget his name. 00:59:05.459 --> 00:59:07.939 He's awesome, like awesome story. 00:59:07.939 --> 00:59:14.780 You got to check him out. He was saying he does not recommend that people learn to code 00:59:14.780 --> 00:59:17.139 anymore. This is just don't learn to code. 00:59:17.139 --> 00:59:21.659 You don't need to. What you need to do is you need to learn how to think and understand 00:59:21.659 --> 00:59:27.860 code and know how how like what good code kind of looks like and how it functions and 00:59:27.860 --> 00:59:28.739 how the pieces connect. 00:59:29.739 --> 00:59:35.620 So everybody who's a software developer really kind of now needs to be a generalist 00:59:35.620 --> 00:59:42.780 software developer, right now, that same concept kind of applies to everything and you're 00:59:42.780 --> 00:59:48.340 not you're you're no longer the graphic designer who does the super specialized thing 00:59:48.340 --> 00:59:49.379 because it's just irrelevant. 00:59:49.739 --> 00:59:54.860 You're now the graphic designer who knows all of the super specialized things and can 00:59:55.020 --> 01:00:00.419 bring more value to the table because you're you're more diverse and you can do things 01:00:00.419 --> 01:00:01.620 way faster in the whole thing. 01:00:01.659 --> 01:00:09.020 Right. So I think as this applies is that everybody kind of becomes a specialist, like 01:00:09.659 --> 01:00:16.979 100 years ago, Federal Reserve came about it basically inflation and a deprecating 01:00:16.979 --> 01:00:19.860 currency because it takes out this cornerstone. 01:00:19.860 --> 01:00:21.100 I was writing about this on Twitter. 01:00:21.500 --> 01:00:24.219 It takes out this cornerstone and creates all the specialization. 01:00:24.899 --> 01:00:30.179 You have to, oh, we need to, you know, instead of having a cornerstone, that's just all 01:00:30.179 --> 01:00:32.379 the pieces kind of fit together and work well. 01:00:33.500 --> 01:00:38.659 Oh, well, we need a guy who's doing who fixes roofs and a guy who mends concrete and a 01:00:38.659 --> 01:00:43.260 guy who does mason work and the whole thing because this cornerstone has been removed. 01:00:43.340 --> 01:00:46.979 OK, so that's the specialization becomes incredibly important. 01:00:47.459 --> 01:00:50.219 Right now, is AI good cornerstone? 01:00:50.899 --> 01:00:53.179 Probably not. But Bitcoin is. 01:00:53.699 --> 01:00:59.300 And what Bitcoin is going to do is it's going to give people the time to be able to be 01:00:59.300 --> 01:01:03.939 generalist, to be able to pursue whatever they want to pursue on a. 01:01:06.020 --> 01:01:15.139 Like. Like global influence kind of scale and without without, you know, oh, well, I 01:01:15.139 --> 01:01:20.780 needed to have a team of 15 filmmakers to shoot just this 30 second thing. 01:01:20.820 --> 01:01:22.260 No, you can just kind of do it. 01:01:23.179 --> 01:01:24.179 I know it's good. 01:01:25.939 --> 01:01:29.179 Go on. The reason I bring it up is. 01:01:30.260 --> 01:01:39.300 In the very near future, people are going to have to earn Bitcoin and as the world is 01:01:39.300 --> 01:01:45.139 changing insanely rapidly because of AI and every single field that you can possibly 01:01:45.139 --> 01:01:48.500 imagine, like I'll throw out one example that was just popping in my head as you were 01:01:48.500 --> 01:01:53.219 talking was. Let's say that you want to like straighten your teeth and you want to get 01:01:53.219 --> 01:01:57.899 Invisalign right now, you have to go to you have to like put them I don't know, I've 01:01:57.899 --> 01:02:01.179 never done it, but you put a mold in your teeth, you have to like mail it off, then 01:02:01.179 --> 01:02:03.459 they send it back and a computer does the thing. 01:02:04.020 --> 01:02:10.659 I'm pretty sure that right now you could upload like a 3D scan of your teeth, pop it 01:02:10.659 --> 01:02:15.379 into Grok, ask Grok to step by step straighten your teeth. 01:02:15.379 --> 01:02:20.340 If you have a 3D printer, you could essentially print your own Invisalign by yourself. 01:02:20.340 --> 01:02:23.300 Like there are people with the skill to do that right now. 01:02:23.659 --> 01:02:27.219 The company Invisalign doesn't even need to exist anymore. 01:02:27.219 --> 01:02:30.939 I'm not saying it's going to go out of business tomorrow or anything, but literally it 01:02:30.939 --> 01:02:31.899 applies to everything. 01:02:32.419 --> 01:02:38.659 And so if people in the future need to earn, they have to earn Bitcoin, they're going to 01:02:38.659 --> 01:02:41.780 have to leverage these technologies to make money. 01:02:41.939 --> 01:02:44.419 And there's one more thing to kind of draw it all together. 01:02:45.419 --> 01:02:49.540 Jordan, you were talking about how China has a monoculture. 01:02:49.540 --> 01:02:50.780 They don't just have a monoculture. 01:02:50.780 --> 01:02:54.979 They also have a mono-ethnicity, which is crazy, like they're literally Han Chinese. 01:02:56.020 --> 01:03:00.300 And they're very hostile to even their own minorities within their country. 01:03:01.340 --> 01:03:06.179 But I've never said this publicly out loud, but I've tweeted it many, many times, so I'm 01:03:06.179 --> 01:03:06.979 not afraid to say it. 01:03:07.060 --> 01:03:12.340 We as Christians believe that all people are created equal, all humans have the same 01:03:12.340 --> 01:03:17.379 value. However, all cultures are not created equal. 01:03:17.580 --> 01:03:20.979 Some cultures are worse than others, some cultures are better than others. 01:03:21.500 --> 01:03:23.500 I literally live in Hollywood. 01:03:24.100 --> 01:03:27.419 There are lots of foreign films that I love. 01:03:27.419 --> 01:03:34.139 I love weird movies, but Hollywood movies spread throughout the world because the 01:03:34.179 --> 01:03:41.020 culture behind the movies made a certain type of movie that everybody loved to watch. 01:03:41.020 --> 01:03:47.300 But if you go and watch a Korean film or a Bollywood movie, sometimes they just don't 01:03:47.300 --> 01:03:51.500 connect with you because you're like, I don't know, the values in this movie, especially 01:03:51.500 --> 01:03:57.620 if you watch a Danish movie, Danish movies are dark and they don't have happy endings. 01:03:58.459 --> 01:04:04.340 And so I would just say that America in throughout the last hundred years, I don't know 01:04:04.340 --> 01:04:08.300 going into the future, but we've made the best movies because we have the best culture. 01:04:08.580 --> 01:04:16.739 And you have to have a cultural understanding to leverage these AI technologies to make 01:04:16.739 --> 01:04:17.739 the best things. 01:04:17.739 --> 01:04:23.820 And so the people in the countries that have the best cultures are going to do the best 01:04:23.820 --> 01:04:25.780 in the future as the world opens up. 01:04:25.820 --> 01:04:28.219 Yeah, I definitely think I definitely think it is true. 01:04:28.379 --> 01:04:30.300 I definitely think it does come down to the culture. 01:04:30.659 --> 01:04:38.139 I would say it's the culture produces the money because the money that a country uses 01:04:38.139 --> 01:04:41.340 is in many ways, it's like a bedrock of your whole country. 01:04:41.620 --> 01:04:44.820 And so it's a bedrock of touches everything else in the world. 01:04:44.979 --> 01:04:49.659 And so what you believe about money necessarily flushes itself out in all kinds of places. 01:04:50.219 --> 01:04:55.340 So basically, if you're the if you have a sufficiently good enough culture that you 01:04:55.340 --> 01:05:00.739 appreciate scarce money and what in the ways that appreciate the ways that that affects 01:05:00.739 --> 01:05:07.899 individuals and people, I mean, individuals, families and just society more broadly, if 01:05:07.899 --> 01:05:13.939 you if you if your culture is sufficiently mature to realize that, well, then, yeah, 01:05:13.939 --> 01:05:16.060 it's going to be mature in a whole host of other ways. 01:05:16.300 --> 01:05:22.219 And so I think it really is interesting, you know, people compare Bitcoin to like a 01:05:22.219 --> 01:05:29.459 monetary and open internet versus, you know, like national currencies or like 01:05:29.459 --> 01:05:35.060 intranets. Right. And so, again, you're looking at this where, again, China, you 01:05:35.060 --> 01:05:39.500 know, again, it looks like based on rumors that like there can there they have their 01:05:39.500 --> 01:05:43.979 own Bitcoin that they apparently are mining some maybe maybe trying to figure out what 01:05:43.979 --> 01:05:49.260 does this look like? But they have two competing views that are two competing core 01:05:49.260 --> 01:05:51.739 beliefs that are working against each other. 01:05:52.060 --> 01:05:55.939 So you have this thing of like we will control everything from the top down with an 01:05:55.939 --> 01:06:02.139 iron fist. We'll kill our own people if necessary, you know, and because we value the 01:06:02.139 --> 01:06:03.820 state control above everything. 01:06:04.820 --> 01:06:09.699 And then the other side, you have capitalism and you have, you know, and so, again, they 01:06:09.699 --> 01:06:14.699 have they have fudged enough to allow themselves to benefit from from the United States 01:06:14.699 --> 01:06:17.300 and benefit from global trade and and a lot of these things. 01:06:17.459 --> 01:06:21.899 But the question is, are they going to be willing to fold when it comes to turning over 01:06:21.899 --> 01:06:26.419 their capital controls and, you know, turning over the control that they've their 01:06:26.419 --> 01:06:30.979 absolute fight, just absolute control that they've been able to exercise over the 01:06:30.979 --> 01:06:33.939 currency? And again, it's not one of these things. 01:06:34.139 --> 01:06:37.060 This isn't one of these were obviously over a long enough time horizon. 01:06:37.060 --> 01:06:38.620 Yes, I think that they will. 01:06:39.260 --> 01:06:44.580 What I'm not as confident on is how many countries are going to get in before them, 01:06:45.300 --> 01:06:48.780 you know, like again, you can deny reality for a certain period of time. 01:06:48.780 --> 01:06:51.620 You can drink your own Kool-Aid for a certain period of time. 01:06:52.260 --> 01:06:56.820 And it doesn't take many countries to get in line before you backing up the truck with 01:06:56.820 --> 01:07:00.459 the you know, with the amount of fiat dollars that they can turn around and buy scarce 01:07:00.459 --> 01:07:04.780 Bitcoin with. Like it doesn't have to you don't need a whole lot of those to get to a 01:07:04.780 --> 01:07:07.860 point where Bitcoin gets bonkers, bonkers expensive. 01:07:08.580 --> 01:07:12.340 And where you have again, we have these nations who are buying with 50 year time 01:07:12.340 --> 01:07:14.179 horizons for buying and selling their Bitcoin. 01:07:14.780 --> 01:07:17.540 And so I just think somebody is going to get left behind. 01:07:17.540 --> 01:07:23.219 Like there's going to be some huge global players who I mean, well, maybe not. 01:07:23.340 --> 01:07:26.939 I think it's possible at least because you do need these extra factors. 01:07:27.179 --> 01:07:30.939 Somebody like a like a somebody like these European countries, they're just going to 01:07:30.939 --> 01:07:34.139 fall in line because they feel like they have to like they don't have the they're not 01:07:34.139 --> 01:07:38.540 governed by people who have these deeply held, seated beliefs like China does. 01:07:39.340 --> 01:07:42.979 You really need something like that to to to even fall prey to something like this. 01:07:42.979 --> 01:07:44.340 So it's interesting, man. 01:07:44.340 --> 01:07:49.340 This is so fascinating to like think about how what's going to happen and what things 01:07:49.340 --> 01:07:50.540 might look like in the next 10 years. 01:07:50.780 --> 01:07:58.379 It really causes you to question things like what like religious beliefs are not going 01:07:58.379 --> 01:08:00.580 to survive Bitcoin, right? 01:08:01.020 --> 01:08:01.379 Yep. 01:08:01.459 --> 01:08:05.459 Like, yeah, like, whoa, yeah, culture, what what culture is not going to survive 01:08:05.459 --> 01:08:10.659 Bitcoin, but like what beliefs like what things that I believe are literally 01:08:10.659 --> 01:08:15.419 incompatible with the reality that I have to deal with on an everyday basis. 01:08:15.419 --> 01:08:19.819 Like that is going to be crazy, especially when you consider like, oh, fiat. 01:08:19.819 --> 01:08:20.740 It's like, oh, well. 01:08:21.859 --> 01:08:26.620 Fiat just we can just invent any reality we want because it's all bullshit, right? 01:08:26.620 --> 01:08:31.259 Like so, oh, well, well, of course, I believe anything I want because I can like 01:08:31.259 --> 01:08:34.540 literally just like if I have enough money, I can just manifest it. 01:08:34.540 --> 01:08:37.419 And the money is we're just made up, but manifested by somebody else. 01:08:37.419 --> 01:08:38.379 It's like, oh, yeah, of course. 01:08:38.580 --> 01:08:40.259 It's all just BS all the way down. 01:08:41.299 --> 01:08:44.859 OK, but what if it's not BS all the way down anymore? 01:08:45.419 --> 01:08:48.899 What beliefs survive and what beliefs are just taken out? 01:08:48.899 --> 01:08:56.580 Just like unbelievably easy to ridicule because the person, by continuing to believe 01:08:56.580 --> 01:08:59.779 this undermines everything they do in their life. 01:08:59.979 --> 01:09:05.459 Yeah. And this is it's this self it's this self fulfilling thing where like you have 01:09:05.459 --> 01:09:08.859 this belief that you have that you have the money undergirding it. 01:09:08.899 --> 01:09:15.419 So once you once you buy into once you buy into Bitcoin, then it starts to reshape you 01:09:15.419 --> 01:09:20.700 and it starts to reshape cultures around the incentives involved with accumulating more 01:09:20.700 --> 01:09:24.979 Bitcoin. And so it really you're like, oh, wait, OK, so I have to I actually have to be 01:09:24.979 --> 01:09:26.299 productive. I have to add value. 01:09:26.299 --> 01:09:30.819 I have to do. And so it starts to change from an individual level on up. 01:09:31.100 --> 01:09:35.779 It starts to reorder even to the to the point that you're making in that in that piece 01:09:35.779 --> 01:09:37.700 that you were talking about. Yeah. 01:09:37.700 --> 01:09:39.700 So, again, I am super bullish on that. 01:09:39.700 --> 01:09:40.979 I think it's going to be incredible. 01:09:41.899 --> 01:09:45.660 The overall the overall arc of this is just amazing. 01:09:46.700 --> 01:09:52.700 And yeah. And again, I'm bullish on Christianity, the spoiler alert, bullish on Jesus, 01:09:53.379 --> 01:09:58.700 because, yeah, I think this is I think that we have experienced I mean, what we've 01:09:58.700 --> 01:10:04.580 experienced in the last 50 years has been the bull market for atheism, because, again, 01:10:04.580 --> 01:10:09.020 it's the bull market of of a world where we can create reality. 01:10:09.020 --> 01:10:13.299 We can create the money to fund it and then just subsidize every insane thing that we 01:10:13.299 --> 01:10:21.899 want to to further our own further the ends of a small political cabal, small banking 01:10:21.899 --> 01:10:23.339 cabal, whatever it is. 01:10:23.339 --> 01:10:28.819 And now that that's not going to be possible to anywhere to the same degree, there 01:10:28.819 --> 01:10:30.740 obviously will be people paper Bitcoin. 01:10:30.939 --> 01:10:35.060 There will be things like this that will eventually get nuked, like they're going to 01:10:35.060 --> 01:10:39.459 get blown up and it's going to be amazing to see who's the first nation to get blown up 01:10:39.459 --> 01:10:45.180 because they have because they thought that they could play fiat games and they could 01:10:45.180 --> 01:10:47.299 hold their Bitcoin at Coinbase. 01:10:48.299 --> 01:10:52.580 Yeah. Anyway, we should probably wrap it up, guys. 01:10:52.580 --> 01:10:54.339 You have any last thoughts? 01:10:55.419 --> 01:10:56.660 American dynamism. 01:10:58.140 --> 01:11:05.779 Global game, theoretical outcomes, changing in beliefs, culture, Anton, go. 01:11:06.339 --> 01:11:07.379 Yes, to all that. 01:11:07.779 --> 01:11:15.339 OK, I I think everything is made better by Bitcoin and you'd better buy Bitcoin. 01:11:15.700 --> 01:11:16.700 Yeah. Agreed. 01:11:16.779 --> 01:11:17.779 Jordan. Yeah. 01:11:18.459 --> 01:11:20.339 Yeah, I think it's going to be good. 01:11:20.580 --> 01:11:22.220 We need to get we need to get John in here. 01:11:22.459 --> 01:11:25.419 Hadabad, my co-host on the Think Avernaster podcast. 01:11:25.419 --> 01:11:31.899 He'd be we've read a ton and done a bunch of book clubs about technology and the 01:11:31.899 --> 01:11:36.299 positive to the negative, the downsides, again, just the tradeoffs to it. 01:11:36.299 --> 01:11:41.779 And so it'd be it'd be interesting to have this this question on a on a larger scale, 01:11:41.779 --> 01:11:46.979 because, again, in the same way that Bitcoin produces a set of incentives and then 01:11:46.979 --> 01:11:49.979 consequences, technology more broadly does the same thing. 01:11:50.740 --> 01:11:55.859 And and so, yeah, it's radically and we're experiencing the radical reshaping of of the 01:11:55.859 --> 01:12:00.140 world in real time. And yeah, digital technology. 01:12:01.140 --> 01:12:05.259 Is it is a tricky it's a tricky beast, so it's not a it's a longer conversation. 01:12:05.819 --> 01:12:07.060 Indeed. All right. 01:12:07.100 --> 01:12:09.540 I totally love it, you guys. 01:12:09.540 --> 01:12:11.339 Thank you, Jordan. Thank you for popping in. 01:12:11.620 --> 01:12:12.740 Yeah, I appreciate you guys. 01:12:12.979 --> 01:12:14.259 See you. See you next time. 01:12:14.580 --> 01:12:17.060 And yeah, I'm Bondar signing off. 01:12:17.819 --> 01:12:18.819 Got a good day. 01:12:19.819 --> 01:12:21.220 And it's all I need. 01:12:22.100 --> 01:12:23.220 Everything I want.