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Yo welcome to another episode of
Simply Bitcoin IRL today, we 

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have two very special guests, 
one of which you're very 

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familiar because you see them 
every single day. 

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We have Optimus Fields my 
co-host for simply Bitcoin, and 

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of course Luke Broyles who's 
been dropping some amazing 

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Twitter threads. 
So we're going to get to that 

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today. 
We had, we had a bit of a change

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up, so I know it's a little bit 
different, but before we start 

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the show, when you give a very 
special shout-out to the 

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incredible companies that make 
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It's for bitcoiners and also 

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That's right. 
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Swan, it's incredible. 
Anyways, also the biggest 

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Bitcoin conference on the face 
of the Earth opting are going to

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be on a panel. 
No, I'm gonna be on a panel 

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opting are gonna be holding it 
down on the analysts desk, 

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Bitcoin 2023, it's Miami Beach. 
Florida at May 18th through the 

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20th, it's coming up, get your 
tickets quickly and you could 

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use the promo code simply to get
Self a big discount, anyways, no

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more delay. 
I want to bring up our awesome 

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guests Opti. 
What are you doing here? 

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I don't know, dude, what am I 
doing here now? 

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We're talking Bitcoin, bro. 
That's all we do here this. 

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All we do on this channel, I 
wanted to change it up. 

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We had a last-minute 
cancellation and I was like, 

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okay, I might just gonna have a 
conversation with Luke, we Luke 

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and I had a convert one-on-one 
conversation recently so I'm 

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like, okay, let's let's spice it
up. 

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Let's add a little bit of spice.
Let's make it interesting. 

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Let's get Opti. 
T into this. 

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And for anyone who doesn't know 
Opti, you know, he's a lot 

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smarter than he, when he tells 
people. 

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Okay. 
Did don't blow my secret. 

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He's a lot deeper than a lot of.
A lot of people think, 

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especially down the film 
philosophical level, and the 

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reason I want to bring opt into 
this conversation is Luke. 

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One of the things that you told 
me that never left my mind. 

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Last time we had this 
conversation was this idea of 

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exponential's and how human 
beings have a hard time 

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understanding exponential's 
especially when it comes to 

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technology when it comes to 
wealth. 

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So could you elaborate a little 
bit about that? 

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Why do you think that phenomenon
is what it is? 

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Yeah. 
Why do you why are humans? 

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Can you guys hear me? 
Alright. 

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Yes you're coming in perfectly 
okay great. 

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Well yeah first of all thanks to
have you back on this. 

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This is this is fun and like 
come back on despite the other 

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cancellation. 
So to yeah. 

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So your question why are you 
humans have difficulty thinking 

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and exponential's? 
I think it's pretty simple. 

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I think the simple answer is 
just that our brains are 

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designed to think operate and 
plan for the future. 

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ER, in terms of linear units, 
you know, like right now it's 

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spring, it's very nice at 
flowers, are coming out and 

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everything, but when it's bald 
and trying to plan for the 

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winner, whether you're a 
squirrel burying nuts, or you're

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a human, you know, putting corn 
in your stockpiles for the 

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winter, you know. 
Basically, you're planning a 

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linear amount of food for a 
linear number of days in a fixed

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rate, you know? 
So if you think in terms of 

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distance, like, how far is it, 
take to go to a certain place. 

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Case you're thinking in terms of
steps or Paces for thinking like

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thousands of years ago, and 
today it's the same thing except

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we think of it in terms of miles
and kilometers. 

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So when it comes to distance, 
when it comes to time, when it 

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comes to energy, like, how many 
meals do we need? 

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You know, no matter what kind of
society we've had our brains are

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oriented and wired and thinking 
of ways that are linear. 

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And so I think fundamentally the
nature of technological growth, 

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among other things that are 
exponential are very difficult 

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for. 
Our brains to wrap her head 

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around, you know, I think one 
example being the pandemic in 

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2020, obviously, there's 
controversy about how it handles

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and everything, but one of the 
reasons it was so immediate and 

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so fast because it's the same 
thing with a disease, a disease 

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can float around for months or 
years with virtually, nobody 

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having seen a nobody have 
experienced it because just 

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doubling doubling doubling, but 
it's such a small amount that 

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it's a small percentage of the 
general population. 

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And then all of a sudden it's 
like, Irwin is getting a disease

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and everyone's talking about 
because it's the same thing in 

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viral biology where, you know, 
you just have a doubling or 

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exponential population and 
suddenly slowly than suddenly is

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the term. 
So I think whether we're talking

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about the rate at which disease 
is spread it's hard for human 

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brains to understand. 
I think we're talking about the 

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adoption new technologies, I 
think that's hard to understand.

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I think, if we're talking in 
terms of total amount 

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Prosperity, I think it's 
difficult for us to comprehend 

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and in other things, too. 
But those are just some 

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examples. 
I think fundamentally just comes

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down to that are our brains are 
not designed to understand it 

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Opti. 
Well, 100% is your opportunity. 

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This is this is where I'm not 
confined by the the live show. 

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Like, I always like to, I say it
all the time as a joke, you 

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know, I am left side of the 
right side of the bell curve so 

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I'm smart enough to understand 
what Luke says, but I also do my

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best to break it down in and 
just normal example, so that 

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people understand exactly what's
going on. 

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And my favorite thing to do in 
regards to In chosen linear is 

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literally it's this this thought
experiment and I first time I 

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heard this it really blew my 
mind and it's like the 

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difference between millions 
billions and trillions and I 

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know you guys have seen the 
visual out there of like you 

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know a million dollars a billion
dollars worth of trillion 

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dollars and like compared to the
Empire State Building. 

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But my favorite one right here 
is like all right the difference

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between million billions and 
trillions. 

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Let's do this one. 
With s 1. 

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Million seconds is about 11 and 
a half days. 1 billion seconds 

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is 82 years and one trillion 
second is 32,000 years, it's 

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like your brain is not supposed 
to comprehend this stuff. 

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Big numbers are hard and this is
why the average person gets so 

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confused and especially 
considering what we're seeing 

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right now. 
You know, the FED Central bank's

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out there pit printing trillions
of dollars. 

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We're in what like 32 trillion 
dollar debts. 

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It's like we're never going to 
pay this stuff back and you try 

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to explain this to anyone out 
there and it's just like a 

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number. 
It's just such a big number 

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People don't understand this, 
they can't wrap their head 

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around this and it really 
reminds me. 

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Again I have since since I am 
usually just the producer here, 

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I'm able to pull everything up, 
it really reminds me of the 

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Bitcoin price and the difference
between Bitcoin on a linear 

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scale and a log scale and I 
always do the same thing where 

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you know, you do the same thing.
It's like hey guys you know this

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is the Bitcoin all-time high. 
This is the 27 all-time high and

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this is the 2013 all time high 
and you can't. 

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Really grasp the ideas of big 
numbers, and exponential moves 

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because your brain is just not 
designed to understand this 

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stuff because yes our, you know,
the way we go through life is 

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linear you go one day, you know,
2 day 3 Day 4 day and then the 

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next thing you know it's years 
down the line and it's kind of 

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like a the basic human 
psychology phenomenon of. 

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Like if you look at yourself in 
the mirror everyday you don't 

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see a change but if you look at 
yourself in the mirror from you 

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know, two years to three years 
Oh, wow. 

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I am getting so old and I'm 
changing so much, and it's kind 

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of back to this whole idea of 
like slow progressions. 

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They Don't Really register on 
the human psychology in the 

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human brain. 
But when you start spreading 

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things down the line, you're 
like, oh my goodness, things 

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change so incredibly rapidly and
it's back to another me. 

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My, you know, again, I speak in 
memes. 

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Everything I do is I speak in 
memes. 

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What's the saying you 
overestimate, what? 

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You can do two years and you 
underestimate what you can do in

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10 years. 
And again, it's just kind of 

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like human brains aren't really 
meant to understand. 

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Exponential is, we're just so 
used to linear's that. 

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When you encounter them in your 
real life, it just it really 

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messes up everything about the 
way that you think about the 

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world because it's so 
counterintuitive. 

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You're just like, wait, oh, 
everything? 

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I know is wrong. 
Wait, maybe, I don't know as 

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much as I know. 
And again, back to memes. 

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What's the first thing in The 
Big Short? 

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The Mark Twain, tweet, or 
comment, It's not what you know 

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that messes you up or it's not 
what you don't know that hurts. 

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You it's what you know that 
really ain't. 

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And this is like that. 
How humans work our brain is not

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designed to understand every 
variable in the world. 

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You're really, like you really 
work on very, very lack of 

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detailed information and then 
you make huge assumptions off of

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this. 
And then when you're faced with 

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the data, like, oh wait, I was 
so wrong. 

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Like, how did I get in? 
So, So wrong. 

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It's just like that's just how 
your brain works and it reminds 

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me of like movies and 
storytelling, you know, like the

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best storytellers. 
Don't give you all the answers. 

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They don't tell you the full 
story. 

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It's your brain that fills in 
all the process and like this 

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where we are, it's all just The 
Greatest Story Ever Told and hey

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numbers are really hard and math
hard for me to. 

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I just, I just understand this 
phenomenon. 

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Like I know that. 
I know nothing I'm going to 

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stick by what I said in the very
beginning of the show. 

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Yeah, yeah. 
See I stick to what I said about

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Opti. 
I don't think you're on the left

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side of the bell curve brother. 
No, no left side of the right 

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side of the bell curve. 
Oh okay. 

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Anyways, Luke. 
So let's talk about Bitcoin, 

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it's bring it up, talk about 
exponentials we got to talk 

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about Bitcoin. 
We're talking about 

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exponential's. 
I know I know I know like a lot,

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a lot of people thinking it's 
like look the law of big 

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numbers. 
It's a lot harder from Bitcoin 

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to get from you know, from Um, 
28,000 to 100,000 and it was 

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from a dollar to ten dollars. 
Right. 

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So I guess you know the question
is you know are we are we too 

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late to bitcoin and then I'm 
going to ask you the same 

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question. 
I don't think I've heard his 

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answer on that. 
Yeah, well I think to add to opt

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he's point and I love what you 
were doing was showing the 

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Bitcoin price chart in both log 
and linear scale because I think

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that's the exact point. 
And I'd sometimes my show that 

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the people who say, oh, that's 
cheating you do that, that's not

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fair or whatever it is, you 
know, and my counter argument to

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that would be that it's just how
reality Works in like every 

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facet of science, every facet of
physics and chemistry, you know,

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reality is in exponential terms 
are our understanding of 

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realities and linear terms but 
reality is an exponential terms,

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you know, we are here, you know,
humans like two meters tall or 

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so but if you look down and you 
zoom in and farther and farther 

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and farther, They're down two 
molecules and cells and Planck 

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length and quarks, you know, 
that just tiny things. 

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There are so many orders of 
magnitude smaller below us and 

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likewise, if you look outwards 
to the sky. 

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If you look, you know, to space,
there are so many orders of 

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magnitude out Beyond us. 
You know, we're ironically kind 

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of in the middle here between, 
you know, the tiniest thing that

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we can conceptualize and the 
whole observable universe were 

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like more or less than the 
middle and and it's the same 

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thing. 
If you want to map out the total

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size. 
Of galaxies at the total mass or

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you know, the total mass of 
black holes. 

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You know, you have to talk and 
logarithmic terms because if you

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map them on linear terms, it's 
like well the largest one, just 

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dwarfs, everything else, it 
doesn't become useful, no 

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visualization is useful on a 
linear scale. 

225
00:11:31,700 --> 00:11:35,100
If you want to map anything in 
space or do you have anything in

226
00:11:35,100 --> 00:11:38,300
a microscopic world? 
And it's the same thing here 

227
00:11:38,300 --> 00:11:40,000
with Bitcoins. 
Same thing with value to the 

228
00:11:40,000 --> 00:11:43,500
same thing with technology that 
we have to think in long term. 

229
00:11:43,600 --> 00:11:46,600
Terms. 
So I think I think that's one of

230
00:11:46,600 --> 00:11:49,600
the most important things for 
people to see with their own 

231
00:11:49,600 --> 00:11:51,600
eyes. 
If you look at it in a linear 

232
00:11:51,600 --> 00:11:54,800
chart, it's always going to look
like it's a bubble and then it's

233
00:11:54,800 --> 00:11:58,700
dead and it's about balance and 
Dad but my dad forever and in 

234
00:11:58,700 --> 00:12:01,200
this goes to your question which
I'm going to just a moment. 

235
00:12:01,300 --> 00:12:05,100
But then if you look at it on a 
logarithmic scale you see oh 

236
00:12:05,100 --> 00:12:07,700
okay this is following a 
hyperbolic adoption curve. 

237
00:12:07,700 --> 00:12:10,900
As all Technologies do is just 
for the first time. 

238
00:12:11,000 --> 00:12:13,500
We are pricing a technology in a
given number. 

239
00:12:13,800 --> 00:12:17,200
You know, it's like when people 
first invent the light bulb over

240
00:12:17,200 --> 00:12:20,200
mass-producing the light bulb. 
It's like there was no fixed 

241
00:12:20,200 --> 00:12:24,200
number that all the light bulbs 
in the world was equated to 

242
00:12:24,200 --> 00:12:26,200
that. 
You can then check 24/7 on your 

243
00:12:26,200 --> 00:12:30,200
you know, smart device in your 
hand all the time at 3 a.m. is 

244
00:12:30,200 --> 00:12:32,200
you worried about you lost all 
your money. 

245
00:12:32,900 --> 00:12:34,900
We've never had that before. 
It's all conceptual. 

246
00:12:34,900 --> 00:12:37,000
It's never been something 
tangible like that that we can 

247
00:12:37,000 --> 00:12:40,700
see but with Bitcoin because if 
the nature of Technology that's 

248
00:12:40,700 --> 00:12:42,800
just how it is that there is a 
fixed number. 

249
00:12:42,800 --> 00:12:46,100
There is a Number that were 
pricing them all within and 

250
00:12:46,100 --> 00:12:50,200
because we see that we assume it
has to be linear like everything

251
00:12:50,200 --> 00:12:51,800
else in life. 
We see when reality is 

252
00:12:51,800 --> 00:12:53,400
exponential like everything has 
been before it. 

253
00:12:53,400 --> 00:12:56,500
So I think I think it's really 
important. 

254
00:12:56,500 --> 00:13:00,900
People understand that this is 
true in all of nature, but then 

255
00:13:00,900 --> 00:13:03,600
when it comes to your question 
of, are we too late? 

256
00:13:03,600 --> 00:13:08,400
Well, if what I just said is 
correct, then absolutely not, 

257
00:13:08,500 --> 00:13:14,100
we're not too late and I think 
the most frankly, Painfully 

258
00:13:14,100 --> 00:13:17,200
obvious example, that is like, 
how many people do you know in 

259
00:13:17,200 --> 00:13:20,100
your everyday life that talk 
about Bitcoin thing about 

260
00:13:20,100 --> 00:13:21,700
Bitcoin? 
Understand anything about 

261
00:13:21,700 --> 00:13:23,300
picking up? 
How many people walk into the 

262
00:13:23,300 --> 00:13:24,800
street to tell you what the 
difficulty? 

263
00:13:24,800 --> 00:13:27,900
Justin is that how many can tell
you the difference between a 

264
00:13:27,900 --> 00:13:29,800
workgroup steak? 
How many know the name 

265
00:13:29,800 --> 00:13:31,700
halfpenny? 
It's like people don't know. 

266
00:13:32,000 --> 00:13:36,200
And if we assume that this 
technology becomes adopted, well

267
00:13:36,200 --> 00:13:41,400
then, okay, 99 99 Point 59.3, 
whatever percent of the world is

268
00:13:41,400 --> 00:13:44,800
yet to adopt it. 
And so Put aside bitcoin price 

269
00:13:44,800 --> 00:13:47,200
put aside price history put 
aside having cycles per side, 

270
00:13:47,200 --> 00:13:50,700
everything else, just that alone
should tell you that it's 

271
00:13:50,700 --> 00:13:54,000
stupendously early. 
You know what I was in Fenway 

272
00:13:54,000 --> 00:13:57,600
Park recently in Boston with two
other bitcoiners and for like an

273
00:13:57,600 --> 00:14:00,700
hour, we were debating in this 
Arena. 

274
00:14:00,700 --> 00:14:04,000
You know, like 30,000 people are
so how many of them actually own

275
00:14:04,000 --> 00:14:06,700
Bitcoin, it with their own keys 
are on self custody? 

276
00:14:06,700 --> 00:14:10,000
You know, I like a nun - what 
non negligible amount like 100 

277
00:14:10,000 --> 00:14:12,700
bucks worth of bitcoin or so. 
And, you know, we were like 

278
00:14:12,700 --> 00:14:16,200
debating a Okay, maybe it's 
five, maybe it's 10, maybe it's 

279
00:14:16,200 --> 00:14:18,900
three. 
And it's like, no matter what we

280
00:14:18,900 --> 00:14:21,200
just kept laughing ourselves 
silly because it's like in this 

281
00:14:21,200 --> 00:14:24,700
whole, you know, it's it's one 
thing to look at it number, 

282
00:14:24,700 --> 00:14:27,400
thirty thousand people and see a
bunch of zeros like like you're 

283
00:14:27,400 --> 00:14:28,900
bringing up opting. 
You know, that's one thing, see 

284
00:14:28,900 --> 00:14:30,900
the zero. 
So that's another sit there with

285
00:14:30,900 --> 00:14:32,700
the park and actually see the 
people. 

286
00:14:33,100 --> 00:14:36,600
And be like, wow, there's like 
at least twenty nine thousand 

287
00:14:36,600 --> 00:14:40,800
nine hundred and fifty people 
here, that don't know anything 

288
00:14:40,800 --> 00:14:45,700
about Bitcoin and if Continue 
Bitcoins adoption curve over the

289
00:14:45,700 --> 00:14:48,600
next 30 Years, like they're 
probably all going to eventually

290
00:14:48,600 --> 00:14:51,100
learn about it. 
So, and yeah, no, I don't think 

291
00:14:51,100 --> 00:14:54,700
it's too late and I think one 
more, one more point. 

292
00:14:54,700 --> 00:14:57,000
I like to say, they're, I think 
this would be really interesting

293
00:14:57,400 --> 00:14:59,700
to people when thinking about 
exponential's and wealth and 

294
00:14:59,700 --> 00:15:02,300
everything like that would be 
that if we just look at today. 

295
00:15:03,000 --> 00:15:06,600
And we were to say that the 
poorest people in the world on 

296
00:15:06,600 --> 00:15:11,500
average say I'm about ten 
thousand dollars, USD net assets

297
00:15:11,500 --> 00:15:13,100
so maybe they're in the 
developing. 

298
00:15:13,200 --> 00:15:17,200
The world, they have minimal, 
you know, not the best housing 

299
00:15:17,200 --> 00:15:19,800
situation. 
Maybe they have a scooter or 

300
00:15:19,800 --> 00:15:22,900
some other form of 
transportation, much less 

301
00:15:22,900 --> 00:15:24,900
privileged, and we are here in 
the west, you know, let's say, 

302
00:15:24,900 --> 00:15:27,000
you know, there's a couple 
billion people to have ten 

303
00:15:27,000 --> 00:15:31,100
thousand dollars of assets and 
total if they liquidated 

304
00:15:31,100 --> 00:15:33,400
everything. 
And then let's also assume that 

305
00:15:33,400 --> 00:15:36,100
on the other far end of the 
spectrum, the very far left end 

306
00:15:36,100 --> 00:15:39,500
of the bell curve, not an 
intelligence but in Wells, we're

307
00:15:39,500 --> 00:15:42,300
talking about someone with a 
trillion dollars and I know some

308
00:15:42,300 --> 00:15:44,600
people may not think there are 
There is out there but I think 

309
00:15:44,900 --> 00:15:47,800
you know most of us know that 
it's a high probability. 

310
00:15:47,800 --> 00:15:50,300
There's at least one trillion 
are out there in the world. 

311
00:15:50,700 --> 00:15:55,000
Elon Musk is the public most 
wealthy person in the world but 

312
00:15:55,000 --> 00:15:56,500
you know, that's just because 
he's public. 

313
00:15:56,500 --> 00:15:59,700
But anyway, if we assume that's 
a spectrum it's like someone 

314
00:15:59,700 --> 00:16:02,800
with a hundred million dollars. 
U.s. is like in the middle 

315
00:16:03,400 --> 00:16:06,200
between those two extremes and 
so it's like if you want to look

316
00:16:06,200 --> 00:16:10,700
at someone that is has like food
and security is just getting by,

317
00:16:10,700 --> 00:16:12,900
you know, maybe making $3 USD a 
day. 

318
00:16:13,300 --> 00:16:16,400
Between that level of wealth 
versus some of the 100 million 

319
00:16:16,400 --> 00:16:20,300
dollars u.s. is like the same 
disparity of wealth between that

320
00:16:20,300 --> 00:16:24,800
person and the wealthiest person
in the world or again, to use a 

321
00:16:25,000 --> 00:16:27,000
Fenway Park or a stadium 
metaphor. 

322
00:16:27,000 --> 00:16:30,400
It's like, you know, let's say 
we take the assumptions and 

323
00:16:30,400 --> 00:16:32,200
estimates to be correct. 
And there's roughly, you know, 

324
00:16:32,200 --> 00:16:37,200
fifty to eighty thousand, 100 
million, 100 million 

325
00:16:37,200 --> 00:16:41,000
millionaires, you know like at 
least in their 50 to 80 thousand

326
00:16:41,000 --> 00:16:42,800
people out there with a net 
worth of a hundred million 

327
00:16:42,800 --> 00:16:45,300
dollars. 
More, you know, basically if you

328
00:16:45,300 --> 00:16:49,000
took all those wealthy stupidly 
rich and wealthy, people put 

329
00:16:49,000 --> 00:16:51,800
them in a single Stadium. 
There is just as much wealth 

330
00:16:51,800 --> 00:16:56,200
inequality within the stadium as
there is between the bottom tier

331
00:16:56,200 --> 00:16:57,800
of the stadium and everyone else
in the world. 

332
00:16:58,300 --> 00:17:00,800
And so, all that to say is it, 
is it too late for Bitcoins 

333
00:17:00,800 --> 00:17:02,800
like? 
Well, it's easy for our brains 

334
00:17:02,800 --> 00:17:04,800
to think we're too late because 
we look at Michael cellular. 

335
00:17:04,800 --> 00:17:09,500
We look at people that bought in
2013 or 2012 or 2011, we're 2017

336
00:17:09,500 --> 00:17:12,500
or 2019, and we think the oh, 
we're too late because they have

337
00:17:12,800 --> 00:17:18,200
ten. 10 100 1000 times more 
sense than we do or so much more

338
00:17:18,200 --> 00:17:19,599
Bitcoin that we do. 
There's no way I could ever 

339
00:17:19,599 --> 00:17:21,000
possibly catch up and there's no
it. 

340
00:17:21,200 --> 00:17:25,099
And my metaphor with the stadium
there is to emphasize on that 

341
00:17:25,099 --> 00:17:28,700
point that it's like yes you 
will never have as much Bitcoin 

342
00:17:28,700 --> 00:17:31,300
as Michael sailor. 
He'll probably have somewhere 

343
00:17:31,300 --> 00:17:34,800
between 10,000 and a million 
times more Bitcoin than you ever

344
00:17:34,800 --> 00:17:36,800
will. 
And you know, maybe it's even 

345
00:17:37,000 --> 00:17:39,400
more dramatic than that but it's
like if you're buying today 

346
00:17:39,500 --> 00:17:43,100
probably you will have thousands
tens of thousands. 

347
00:17:43,300 --> 00:17:46,300
Maybe even hundreds of thousands
of times more Bitcoin than the 

348
00:17:46,300 --> 00:17:48,300
average person will in the 
future. 

349
00:17:48,500 --> 00:17:52,800
And that's, you know, and is a 
little unfasten about this 

350
00:17:52,808 --> 00:17:57,000
conversation and like Luke, when
we talked, that was the thing 

351
00:17:57,000 --> 00:18:01,200
that literally stuck with me. 
It's like the, the 

352
00:18:01,600 --> 00:18:03,900
exponential's, man. 
This is where it's a good it all

353
00:18:03,900 --> 00:18:08,200
boils down to this, but why are 
you so sure? 

354
00:18:08,300 --> 00:18:09,700
Why are you so sure about 
Bitcoin? 

355
00:18:09,700 --> 00:18:14,500
What like, what you're talking 
and absolute and And again and 

356
00:18:14,500 --> 00:18:16,500
the only reason I'm giving you 
push back to the Opti, I know 

357
00:18:16,500 --> 00:18:17,700
opting. 
I feel the exact same way. 

358
00:18:17,700 --> 00:18:21,100
It is absolute to us, right? 
We ask ourselves this question 

359
00:18:21,100 --> 00:18:23,100
every single day. 
Like, are we crazy? 

360
00:18:23,100 --> 00:18:27,300
Or are we just right? 
And I talk a lot for anyone who 

361
00:18:27,300 --> 00:18:29,400
doesn't know. 
We are constantly talking. 

362
00:18:29,800 --> 00:18:31,600
I think it's the only way that 
we do. 

363
00:18:31,600 --> 00:18:35,200
We do what we do but Luke, I 
don't know, I don't know. 

364
00:18:35,200 --> 00:18:37,700
I we don't talk as much. 
I mean, I think we might in the 

365
00:18:37,700 --> 00:18:41,600
future if, you know, you know. 
Yes. 

366
00:18:45,100 --> 00:18:47,500
But yeah. 
It, why are you why are you so 

367
00:18:47,500 --> 00:18:48,700
sure? 
Why are you so sure. 

368
00:18:49,200 --> 00:18:51,400
Yeah. 
Well that's a great question. 

369
00:18:51,400 --> 00:18:54,900
But you asset, you know, some, a
lot of people think that I'm 

370
00:18:55,400 --> 00:18:57,500
lost my mind because I am 
speaking such absolute and 

371
00:18:57,500 --> 00:18:59,700
there's such bold claims. 
It's like it's so bold. 

372
00:18:59,700 --> 00:19:02,800
It's so ridiculous. 
And I'm speaking with such 

373
00:19:02,800 --> 00:19:05,800
conviction, it's like like who 
is it? 

374
00:19:05,800 --> 00:19:07,700
I mean it's like okay what do I 
know? 

375
00:19:07,700 --> 00:19:10,800
I'm a 24 year olds, you know 
what I want? 

376
00:19:11,200 --> 00:19:15,600
But the reason I speak with such
absolute Lutz is because I just 

377
00:19:15,600 --> 00:19:21,000
thrown every ounce of my thought
at this. 

378
00:19:21,200 --> 00:19:25,200
And I'm not saying that I'm any 
smarter or less smart, anyone 

379
00:19:25,200 --> 00:19:27,300
else. 
It's just that I've thrown my 

380
00:19:27,300 --> 00:19:31,200
brain at it and I can't find a 
way in which this isn't the most

381
00:19:31,200 --> 00:19:33,700
probable outcome. 
Perhaps it's not the outcome 

382
00:19:33,700 --> 00:19:36,500
that occurs perhaps. 
There's a fifty one percent 

383
00:19:36,500 --> 00:19:38,300
chance. 
I'm right and 100 different 

384
00:19:38,300 --> 00:19:41,000
scenarios in which it doesn't, 
you know, but I think it's more 

385
00:19:41,000 --> 00:19:43,800
probable than not that this 
Case. 

386
00:19:43,900 --> 00:19:47,200
And why why? 
Yeah why do I think that? 

387
00:19:47,200 --> 00:19:50,100
Well what is bitcoin? 
Bitcoin is just a piece of 

388
00:19:50,100 --> 00:19:54,500
information and history shows. 
That information is really 

389
00:19:54,500 --> 00:19:57,500
difficult to destroy. 
The Bible has survived and I was

390
00:19:57,500 --> 00:20:01,100
just Israel. 
Last December and visited the 

391
00:20:01,500 --> 00:20:04,500
busy qumran in the Dead Sea. 
Yeah, we're at which is where 

392
00:20:04,500 --> 00:20:05,800
the Dead Sea, Scrolls were found
all that. 

393
00:20:05,800 --> 00:20:09,200
And it's amazing that basically 
a bunch of goat herders and, you

394
00:20:09,208 --> 00:20:12,800
know, people from the ancient 
world were able to meticulously 

395
00:20:13,300 --> 00:20:18,400
Preserve the Hebrew scriptures 
that, you know, now is the Bible

396
00:20:19,100 --> 00:20:22,000
for thousands of years with 
their primitive ancient 

397
00:20:22,000 --> 00:20:23,700
technology. 
It's like, well, with Bitcoin. 

398
00:20:23,700 --> 00:20:26,300
It's a similar idea then that 
it's just information. 

399
00:20:26,300 --> 00:20:27,800
It's just, you know, lines of 
code. 

400
00:20:28,100 --> 00:20:32,500
And as long as somebody 
somewhere is keeping up code 

401
00:20:32,500 --> 00:20:35,700
alive, and, you know, it has 
their computers plugged in 

402
00:20:35,700 --> 00:20:37,800
mining it, you know, running our
nodes, you know, all that, 

403
00:20:37,800 --> 00:20:41,200
keeping the network alive. 
It's like that's incredibly 

404
00:20:41,200 --> 00:20:45,900
difficult to kill. 
And so Yes, it's possible that 

405
00:20:45,900 --> 00:20:49,000
Bitcoin is not gain Mass 
adoption, but Bitcoin is just an

406
00:20:49,000 --> 00:20:52,800
idea Bitcoins is information. 
And number one, I think it's a 

407
00:20:52,808 --> 00:20:55,900
very safe assumption to assume 
that if enough people care about

408
00:20:55,900 --> 00:20:57,800
the information information will
survive. 

409
00:20:58,400 --> 00:21:02,400
And number two, that the best 
idea wins, like every time, you 

410
00:21:02,400 --> 00:21:06,600
know, that the internet was a 
better idea than newspapers. 

411
00:21:07,100 --> 00:21:10,900
Because internet has again 
talking about exponential's, 

412
00:21:10,900 --> 00:21:13,900
hundreds of thousands, if not 
hundreds of Millions, Ins of 

413
00:21:14,400 --> 00:21:19,000
times of more applications and 
connections than newspapers ever

414
00:21:19,000 --> 00:21:21,300
could. 
And you know, it's the same 

415
00:21:21,300 --> 00:21:23,000
thing with every other Paradigm 
in history. 

416
00:21:23,000 --> 00:21:25,100
Locomotives were a better idea 
than horses. 

417
00:21:25,100 --> 00:21:27,700
Horses are great horses were the
Pinnacle technology for 

418
00:21:27,700 --> 00:21:31,700
thousands of years until 
suddenly we found a way to 

419
00:21:34,000 --> 00:21:37,700
Manifest, the idea of 
transporting massive amounts of 

420
00:21:37,700 --> 00:21:41,100
people massive amounts of 
resources across face via the 

421
00:21:41,100 --> 00:21:43,100
locomotive and the best idea, 
one out. 

422
00:21:43,100 --> 00:21:46,200
And so why am I so absolute? 
Bitcoin is like, well assuming 

423
00:21:46,200 --> 00:21:49,700
information survives and 
assuming it's the best idea, 

424
00:21:50,100 --> 00:21:52,200
then it should just take over 
everything. 

425
00:21:52,200 --> 00:21:55,600
And I'm very confident. 
It's going to survive. 

426
00:21:55,600 --> 00:21:58,500
I'm most confident going to 
survive and I'm pretty confident

427
00:21:58,500 --> 00:22:01,900
that it's the best idea. 
I mean what's the other answer 

428
00:22:01,900 --> 00:22:06,700
guys like so, Digital currencies
from to make digital currencies 

429
00:22:06,700 --> 00:22:13,400
like like, what Sheba? 
I mean, like every gold is the 

430
00:22:13,400 --> 00:22:16,700
best idea besides Bitcoin and 
it's a it's a really good idea. 

431
00:22:16,700 --> 00:22:19,000
You don't give the gold bugs or 
credit like this like like 

432
00:22:19,000 --> 00:22:21,400
scooping gold has worked for 
thousands of years and it's a 

433
00:22:21,400 --> 00:22:24,300
really good idea. 
But why has gold not been 

434
00:22:25,400 --> 00:22:26,800
transact with for hundreds of 
years? 

435
00:22:26,800 --> 00:22:29,300
Like, well we just can't we just
can't do it anymore. 

436
00:22:29,600 --> 00:22:32,400
You know you can't have an 
analog, you know metal. 

437
00:22:33,700 --> 00:22:35,900
Keep up with the velocity of 
money, we need in the modern 

438
00:22:35,900 --> 00:22:37,500
world. 
Your transactions are so small. 

439
00:22:37,500 --> 00:22:41,700
So instantaneous and there's so 
numerous that it just seems like

440
00:22:41,700 --> 00:22:44,700
an inferior idea to bitcoin and 
that's not saying it's a bad 

441
00:22:44,700 --> 00:22:46,500
idea, it just seems a bit coins 
better idea. 

442
00:22:46,500 --> 00:22:49,400
And so anyway given those two 
assumptions, I don't see any 

443
00:22:49,400 --> 00:22:52,500
other outcome, unless there's a 
better idea coming along but 

444
00:22:52,500 --> 00:22:56,300
it's been 14 years. 
No one's had a better idea and I

445
00:22:56,300 --> 00:22:59,500
don't even know how where to 
begin to think about a better 

446
00:22:59,500 --> 00:23:01,000
idea. 
I don't know how you get better 

447
00:23:01,000 --> 00:23:03,600
than perfect scarcity. 
Yeah. 

448
00:23:03,800 --> 00:23:08,100
Dude beautifully said Opti you 
want to follow up on that, I 

449
00:23:08,100 --> 00:23:09,700
mean hard to follow up on that 
one. 

450
00:23:09,700 --> 00:23:14,300
But on your last Point like 
we're bitcoiners aren't the 

451
00:23:14,300 --> 00:23:18,000
first ones to talk about the 
idea of Bitcoin or the idea of 

452
00:23:18,000 --> 00:23:19,800
energy money. 
You know, there's been a lot of 

453
00:23:19,800 --> 00:23:23,000
great thinkers around throughout
the history of time. 

454
00:23:23,000 --> 00:23:26,900
The modern modern history, 
talking about energy money, and 

455
00:23:27,000 --> 00:23:30,700
again, like to talk about what 
Luke said, it's like, I don't 

456
00:23:30,700 --> 00:23:33,100
know how much better money we 
can get like we already have the

457
00:23:33,100 --> 00:23:35,100
energy money. 
Me like how is there going to be

458
00:23:35,100 --> 00:23:38,500
a 10x Improvement on bitcoin 
i-it's around? 

459
00:23:38,700 --> 00:23:40,900
I'm not that smart and I'm 
almost positive. 

460
00:23:40,900 --> 00:23:44,900
We can't find a 10x Improvement 
on bitcoin and to Luke's point 

461
00:23:44,900 --> 00:23:48,300
you know like I know I get 
pushed back when I say this but 

462
00:23:48,300 --> 00:23:50,800
like gold failed gold failed in 
the modern world or else we 

463
00:23:50,800 --> 00:23:53,500
wouldn't be in the Fiat world 
that we're in right now and 

464
00:23:53,500 --> 00:23:56,300
Bitcoin is a 10x Improvement. 
It might even be a bit more 

465
00:23:56,300 --> 00:23:58,900
Improvement on gold but it's 
definitely a 10x Improvement on 

466
00:23:58,900 --> 00:24:01,200
Fiat and this is where we are 
right now. 

467
00:24:01,200 --> 00:24:03,600
Like what's, what's the economic
law? 

468
00:24:03,800 --> 00:24:06,100
Russians law, you know, like the
best money will win. 

469
00:24:06,200 --> 00:24:10,100
The best idea will win. 
As Luke was saying and again, 

470
00:24:10,100 --> 00:24:12,500
like, I am fundamentally team 
human. 

471
00:24:12,500 --> 00:24:16,700
I am not Opti, you know 
optimistic fields for no reason.

472
00:24:16,700 --> 00:24:20,100
I, I fundamentally like to 
always look at the bright side 

473
00:24:20,100 --> 00:24:24,900
of things, and, and I really do 
think that as, as much as humans

474
00:24:24,900 --> 00:24:29,000
are, you know, the most evil 
thing on planet Earth, the most,

475
00:24:29,000 --> 00:24:31,900
the apex predator. 
We are also the best, you know, 

476
00:24:31,900 --> 00:24:35,300
animal on planet Earth. 
So, I try to balance these ideas

477
00:24:35,300 --> 00:24:39,600
of like we have. 
We have so so much room to grow 

478
00:24:39,800 --> 00:24:42,600
but we also have to acknowledge 
like who we are and so I always 

479
00:24:42,600 --> 00:24:44,500
try to point things in like team
human. 

480
00:24:44,500 --> 00:24:48,200
So I'm always hopeful on 
humanity and I think that humans

481
00:24:48,200 --> 00:24:52,400
fundamentally will wake up to 
the idea of Bitcoin and I 

482
00:24:52,400 --> 00:24:55,000
fundamentally always try to look
at the good side of humans and 

483
00:24:55,000 --> 00:24:58,100
it's like look fundamentally. 
I believe that humans want 

484
00:24:58,100 --> 00:25:03,100
freedom, whether that is true 
I'm still up to the idea that 

485
00:25:03,100 --> 00:25:07,100
maybe I am wrong here. 
You know, I look around and I do

486
00:25:07,100 --> 00:25:10,300
realize that we are a herd 
mentality, you know, we are a 

487
00:25:10,300 --> 00:25:12,600
social creature. 
And we do have to look around 

488
00:25:12,600 --> 00:25:16,700
and look at, look at our friends
and our tribe, and basically try

489
00:25:16,700 --> 00:25:19,100
to understand what's the best 
movement forward. 

490
00:25:19,500 --> 00:25:26,300
But I do believe that as much as
collectivism seems to be maybe 

491
00:25:26,300 --> 00:25:28,900
like a natural phenomenon in 
human psychology. 

492
00:25:29,100 --> 00:25:32,900
I do believe that humans want 
freedom that human seek freedom 

493
00:25:33,200 --> 00:25:37,600
and then If you add that with 
the idea that we need a 

494
00:25:37,600 --> 00:25:42,800
technology to save it, you know,
fundamentally we don't, we're 

495
00:25:42,800 --> 00:25:46,500
not moving into this utopian 
World in ten ten years. 

496
00:25:46,500 --> 00:25:48,900
Like I know a lot of bitcoiners 
talk about like, oh man, he's 

497
00:25:48,908 --> 00:25:52,900
going to disappear overnight and
I'm like, guys, like let's not 

498
00:25:52,900 --> 00:25:56,200
recreate the wheel here, human 
psychology takes a long time 

499
00:25:56,200 --> 00:25:58,800
again, talking about 
exponentials takes a long time 

500
00:25:58,800 --> 00:26:01,800
for human psychology, human 
behavior to change whether 

501
00:26:01,800 --> 00:26:03,500
that's you know, 10 years, 100 
years. 

502
00:26:04,100 --> 00:26:07,300
I think we will get to a point 
where we look back now. 

503
00:26:07,300 --> 00:26:09,300
And we're like, wow. 
We're basically living in a 

504
00:26:09,308 --> 00:26:12,600
utopian world compared to where 
we are now because of our 

505
00:26:12,600 --> 00:26:15,000
productivity because humans are 
able to save. 

506
00:26:15,000 --> 00:26:18,000
But back to the idea like 
Bitcoin is an improvement on our

507
00:26:18,000 --> 00:26:20,400
money. 
It is an evolution of our money 

508
00:26:20,400 --> 00:26:23,500
and fundamentally. 
Right now we have broken money. 

509
00:26:23,500 --> 00:26:27,500
The technology that we use for 
money is is broken, it doesn't 

510
00:26:27,500 --> 00:26:28,800
work. 
The only reason it's working is 

511
00:26:28,800 --> 00:26:33,000
because we have you know people 
PR people out there lawyers and 

512
00:26:33,000 --> 00:26:35,800
attorneys. 
Oh, and you know, the small 

513
00:26:35,800 --> 00:26:38,500
cabal of people in control of 
the money that still are pulling

514
00:26:38,500 --> 00:26:41,300
the wool, over the eyes of the, 
the majority of people. 

515
00:26:41,700 --> 00:26:44,300
And I think we're getting to a 
point now. 

516
00:26:44,600 --> 00:26:47,300
And of course, I know that you 
can kick the can down the road a

517
00:26:47,308 --> 00:26:50,300
lot longer, but I think we're 
getting to a point now where, 

518
00:26:50,700 --> 00:26:56,400
you know, reality will start to 
push back on, on the fake world 

519
00:26:56,400 --> 00:27:00,000
that we are, you know, clown 
world that we live in and I 

520
00:27:00,000 --> 00:27:03,200
really do think that, hey, you 
know, maybe it, maybe it's after

521
00:27:03,200 --> 00:27:05,500
this, having You have to next 
having, but there will be a 

522
00:27:05,500 --> 00:27:08,900
point where the, you know, the 
central Bankers, the 

523
00:27:08,900 --> 00:27:12,500
bureaucrats, as I like to call 
them the unproductive class 

524
00:27:12,500 --> 00:27:15,500
completely lose control of the 
financial world. 

525
00:27:15,600 --> 00:27:18,600
Now do they have they pulled out
all the tools in the bag yet? 

526
00:27:18,600 --> 00:27:23,500
Probably not but yeah, exactly, 
but I do think that slowly but 

527
00:27:23,500 --> 00:27:26,500
surely human to our waking up to
this idea of wait. 

528
00:27:26,600 --> 00:27:30,300
Why am I being pushed so hard? 
Like why is why is the 

529
00:27:30,300 --> 00:27:32,700
trajectory of humanity moving in
this way? 

530
00:27:32,900 --> 00:27:37,300
When there's The fundamental 
divide between what I view, as a

531
00:27:37,300 --> 00:27:40,600
normal individual and what the 
official narrative is, and I 

532
00:27:40,600 --> 00:27:44,400
again I go back to like, I'm 
team human, I think humans are 

533
00:27:44,400 --> 00:27:47,100
hopeful, I think humans do 
understand that. 

534
00:27:47,100 --> 00:27:50,300
Yo, I want to guide my own life.
I have a brain. 

535
00:27:50,400 --> 00:27:53,200
I have a, you know, some sense 
of Common Sense here. 

536
00:27:53,500 --> 00:27:56,100
And I can choose and pick what 
is best for my life. 

537
00:27:56,500 --> 00:27:59,900
And the fact that I am getting 
corralled to use something that 

538
00:27:59,900 --> 00:28:02,300
steals for me, which is the 
status quo, which is a broken 

539
00:28:02,300 --> 00:28:05,400
money. 
Humans, will wake up to this and

540
00:28:05,400 --> 00:28:08,200
back to the original question. 
Like, are we early? 

541
00:28:09,500 --> 00:28:11,300
I do the same. 
Thought experiment that Luke 

542
00:28:11,300 --> 00:28:13,700
does. 
I do this every single time I go

543
00:28:13,700 --> 00:28:15,600
out. 
Look guys, I'm not perfect. 

544
00:28:15,600 --> 00:28:18,000
I still go out and hang out 
with, you know, with my Bitcoin 

545
00:28:18,000 --> 00:28:20,800
friend will go get some drinks, 
will go to the bar and I look 

546
00:28:20,800 --> 00:28:23,300
around this happened without 
fail. 

547
00:28:23,300 --> 00:28:26,500
Every time I go out, there's a 
moment when I'll sit there, I'll

548
00:28:26,500 --> 00:28:29,900
order you know, I'll order my 
tequila soda and I'll chill and 

549
00:28:29,900 --> 00:28:32,800
I'll take a sip and I look 
around and I just think like, 

550
00:28:33,100 --> 00:28:36,700
okay, how many People here, have
Bitcoin and every single time 

551
00:28:36,700 --> 00:28:39,900
without fail exactly as Luke's 
doing zero without fail. 

552
00:28:40,300 --> 00:28:45,500
I default to maybe one or two 
people, hold a little bit of 

553
00:28:45,500 --> 00:28:48,400
Bitcoin but then you go yeah, 
exactly. 

554
00:28:48,400 --> 00:28:51,400
And then you go down but like 
how many of them are you know 

555
00:28:51,500 --> 00:28:54,800
toxic Bitcoin Maxis and I'm like
okay zero like there's 

556
00:28:54,800 --> 00:28:58,900
absolutely no one I'm convinced 
there's no one out there that 

557
00:28:58,900 --> 00:29:02,200
understands Bitcoin or cares 
about Bitcoin like we do and 

558
00:29:02,200 --> 00:29:05,700
this is my fundamental 
Understanding of that were 

559
00:29:05,700 --> 00:29:08,400
early. 
I go outside like I know, I know

560
00:29:08,400 --> 00:29:11,400
you guys don't leave your 
Twitter, you don't leave the the

561
00:29:11,400 --> 00:29:13,700
internet. 
Yeah, you don't leave the the 

562
00:29:13,700 --> 00:29:18,200
black screen and you don't talk 
to normal people, but I don't 

563
00:29:18,200 --> 00:29:20,900
think normal people for the 
majority have woken up to 

564
00:29:20,900 --> 00:29:22,800
bitcoin. 
And I just I, when I go to the 

565
00:29:22,800 --> 00:29:25,100
grocery store, you know, I still
use normal. 

566
00:29:25,100 --> 00:29:28,200
I still use Normie grocery 
stores, guys, I know Tomatoes, 

567
00:29:28,200 --> 00:29:30,700
Tomatoes, but I walk around. 
I'm like, how many of these 

568
00:29:30,700 --> 00:29:32,900
people have Bitcoin? 
Probably none? 

569
00:29:33,000 --> 00:29:36,200
How many of them? 
And Bitcoin probably even 

570
00:29:36,200 --> 00:29:39,800
smaller and then it's like, okay
I know that people have heard 

571
00:29:39,800 --> 00:29:41,700
about Bitcoin. 
I'm convinced that almost 

572
00:29:41,700 --> 00:29:44,300
everyone on the planet has at 
the very least, heard about 

573
00:29:44,300 --> 00:29:47,000
Bitcoin. 
But do they understand it? 

574
00:29:47,000 --> 00:29:50,600
Like we do know, I know for a 
fact that this is the case, 

575
00:29:50,900 --> 00:29:53,800
because I say it all the time, I
know Bitcoin is like to say, oh,

576
00:29:53,800 --> 00:29:55,900
the Bitcoin price doesn't 
matter, yada yada yada. 

577
00:29:56,200 --> 00:29:58,900
I think that's wrong. 
I think in the big head, like 

578
00:29:58,900 --> 00:30:01,700
the way I look at the Bitcoin 
price is in my opinion, the 

579
00:30:01,700 --> 00:30:05,800
Bitcoin price is a real-time 
Trigger people's understanding 

580
00:30:05,800 --> 00:30:09,000
of what Bitcoin is. 
And again, I think humans value 

581
00:30:09,000 --> 00:30:12,500
freedom, I think humans value 
something that they can save in 

582
00:30:12,800 --> 00:30:15,100
and Bitcoins under 30 K right 
now. 

583
00:30:15,400 --> 00:30:19,500
Like, on all metrics. 
It is so undervalued, it is so 

584
00:30:19,500 --> 00:30:22,100
early and that what? 
Like we just said, Bitcoins a 

585
00:30:22,100 --> 00:30:25,600
10x Improvement on gold. 
It's maybe five percent of 

586
00:30:25,600 --> 00:30:28,300
Gold's market cap let alone, 
when we, when we go. 

587
00:30:28,300 --> 00:30:31,500
And yeah, yeah, exactly. 
Like, when we go into the, Greg 

588
00:30:31,500 --> 00:30:35,200
Faust numbers of the total 
addressable Market, It's like 

589
00:30:35,200 --> 00:30:38,900
nine hundred trillion dollar, 
like, even if we get fractions 

590
00:30:38,900 --> 00:30:42,400
of this, we are still early by 
every metric and I'm reminded of

591
00:30:42,408 --> 00:30:44,700
something that Luke said the 
last time you guys talked. 

592
00:30:44,700 --> 00:30:48,800
And and it really stuck with me 
and you said looking backwards 

593
00:30:49,000 --> 00:30:52,400
at the Bitcoin price, you can 
think that you're late. 

594
00:30:52,400 --> 00:30:55,800
But looking forward, especially 
since none of us have a crystal 

595
00:30:55,800 --> 00:30:58,400
ball, we have no idea where this
is actually going. 

596
00:30:58,400 --> 00:31:00,800
We, you know, we don't 
understand exponential's. 

597
00:31:01,000 --> 00:31:03,700
And of course it, you know, it 
takes a takes a lot of energy to

598
00:31:03,700 --> 00:31:07,200
turn around the Titanic. 
But looking forward from here, I

599
00:31:07,200 --> 00:31:11,800
think we are going to be 
absolutely Blown Away by how 

600
00:31:11,800 --> 00:31:15,200
much the SAT we have under our 
control right now are worth and 

601
00:31:15,200 --> 00:31:17,800
purchasing power moving forward.
It kind of again reminds me of 

602
00:31:17,800 --> 00:31:21,600
what CK says, you know, 37 SATs 
for generational wealth and 

603
00:31:21,700 --> 00:31:23,000
maybe that is Hopi. 
Mmm. 

604
00:31:23,500 --> 00:31:26,500
And maybe it is. 
A lot of us thinking like oh 

605
00:31:26,500 --> 00:31:27,800
we're so much smarter than we 
are. 

606
00:31:27,800 --> 00:31:31,000
Like we're so much better than 
we are but I fundamentally think

607
00:31:31,000 --> 00:31:33,400
it just back to just some basic 
logic again. 

608
00:31:34,300 --> 00:31:36,800
I break this down left side of 
the right side of the Bell. 

609
00:31:36,800 --> 00:31:38,400
Could break this down as easy as
I can. 

610
00:31:39,000 --> 00:31:42,500
I look around, I'm gonna I'm 
gonna get upset every time I 

611
00:31:42,508 --> 00:31:45,000
did. 
It's an Eco don't sell me too 

612
00:31:45,000 --> 00:31:46,600
much. 
Don't sell me too much. 

613
00:31:46,900 --> 00:31:49,300
I look around. 
And I know that most people 

614
00:31:49,300 --> 00:31:53,600
don't have Bitcoin. 
And then I understand how big 

615
00:31:53,600 --> 00:31:57,600
the total addressable Market of 
Bitcoin is and it's like, it on 

616
00:31:57,600 --> 00:31:59,800
every metric. 
It is we're so early. 

617
00:31:59,800 --> 00:32:04,100
It just it really, it really 
boils down to like the world 

618
00:32:04,100 --> 00:32:07,200
doesn't understand what Bitcoin 
is and we have this opportunity.

619
00:32:07,200 --> 00:32:09,900
Now we get we get to usher in 
the next era. 

620
00:32:09,900 --> 00:32:13,200
We are the ones that understand 
that Bitcoin is an improvement 

621
00:32:13,200 --> 00:32:19,300
on our money, the evolution of 
money and no one knows like no 

622
00:32:19,300 --> 00:32:24,500
one understands this and all we 
have to do is just evangelize 

623
00:32:24,500 --> 00:32:27,400
Bitcoin wake people up to this 
get Bitcoin in people's hands 

624
00:32:27,600 --> 00:32:32,000
and slowly but surely you know, 
we will be Vindicated and hey we

625
00:32:32,000 --> 00:32:33,300
got time. 
We're all young. 

626
00:32:33,300 --> 00:32:35,700
What are you know? 
Where I'm 30. 

627
00:32:35,700 --> 00:32:40,500
I'm in, you know, my early 30s, 
like Luke's, mid-20s Nico, 

628
00:32:40,500 --> 00:32:43,100
you're 30, like we have all we 
have is time. 

629
00:32:43,300 --> 00:32:46,500
And now, our time is valued 
more, because we hold Bitcoin. 

630
00:32:47,100 --> 00:32:51,000
It's like, man, I hate to say we
already won because it makes us 

631
00:32:51,000 --> 00:32:56,100
like a pathetic, but like 
Bitcoin is the best technology 

632
00:32:56,700 --> 00:33:00,300
Bitcoin will fundamentally win. 
The only thing that really 

633
00:33:00,300 --> 00:33:03,700
terrifies me is this idea of 
you. 

634
00:33:03,800 --> 00:33:06,700
You know, are humans, maybe a 
lot dumber than I give them 

635
00:33:06,700 --> 00:33:09,600
credit for and will they be 
apathetic to this good idea? 

636
00:33:09,600 --> 00:33:13,600
Because the best idea, doesn't 
necessarily always win but it 

637
00:33:13,600 --> 00:33:16,900
usually does and Bitcoin is the 
best idea. 

638
00:33:16,900 --> 00:33:20,100
So I think people will 
understand the like, the, what's

639
00:33:20,100 --> 00:33:21,300
that? 
What's that scaly said? 

640
00:33:21,300 --> 00:33:24,100
I came for the money, but I 
stayed for the money, we all 

641
00:33:24,100 --> 00:33:27,100
followed into Bitcoin and here 
we are afterwards. 

642
00:33:27,100 --> 00:33:30,300
Like, oh, I am so glad I 
followed into Bitcoin because 

643
00:33:30,300 --> 00:33:33,700
now, I understand what is 
actually going on in the world. 

644
00:33:33,900 --> 00:33:37,100
Yeah, like after after you pay 
your dues and I kind of want to 

645
00:33:37,100 --> 00:33:40,500
focus on that point up to you 
buried the bit the lead a bit, 

646
00:33:40,500 --> 00:33:42,900
right? 
And it kind of reminds me of 

647
00:33:42,900 --> 00:33:47,700
this question that Natalie 
Brunell asked Michael sailor in 

648
00:33:47,700 --> 00:33:52,600
a coin Stories podcast and she 
asked him she said what keeps 

649
00:33:52,600 --> 00:33:56,000
you up at night and I'll never 
forget his response. 

650
00:33:56,000 --> 00:34:01,000
His response was people just 
don't care about sound money or 

651
00:34:01,000 --> 00:34:05,200
people just don't care about 
money and And my girlfriend had 

652
00:34:05,208 --> 00:34:08,699
a, very astute observation. 
I brought this up to Jeff voof 

653
00:34:08,699 --> 00:34:11,699
to and he came on the show. 
Like, I think I scared him a 

654
00:34:11,708 --> 00:34:13,600
little bit when I, when I said 
the response. 

655
00:34:13,600 --> 00:34:20,500
But I said, you're and one of 
the things that I love about my 

656
00:34:20,500 --> 00:34:24,000
girlfriend is that she, she's 
very intuitive. 

657
00:34:24,000 --> 00:34:25,900
She did. 
It's like something that, you 

658
00:34:25,908 --> 00:34:28,600
know, you eat most of us that go
through the stop process and 

659
00:34:28,600 --> 00:34:30,500
where they can give I was like, 
okay, this is how I get to this 

660
00:34:30,500 --> 00:34:35,199
conclusion where she's just like
This is what I see, and it's 

661
00:34:35,199 --> 00:34:37,400
like, you know, it's that 
intuition. 

662
00:34:37,500 --> 00:34:40,699
And she said something very 
similar to Michael sailor, 

663
00:34:40,699 --> 00:34:45,000
something, very similar to Opti,
just like, I think sometimes 

664
00:34:45,000 --> 00:34:48,300
like, Niko's, like, you're right
about everything, but you 

665
00:34:48,308 --> 00:34:52,900
underestimate how stupid people 
are, if it's just a terrible way

666
00:34:52,900 --> 00:34:58,400
of saying it, I apologize. 
But, you know, in a way I'm 

667
00:34:58,400 --> 00:35:01,500
thinking about what Opti was 
describing when he goes to a bar

668
00:35:01,500 --> 00:35:06,000
and he grabs his tequila so And 
he looks around and people are 

669
00:35:06,008 --> 00:35:08,300
just distracted by the bread and
circuses. 

670
00:35:08,700 --> 00:35:11,700
So, I mean, Luke, how do you 
incorporate that into your 

671
00:35:11,700 --> 00:35:13,400
answer? 
How do you incorporate that into

672
00:35:13,400 --> 00:35:15,700
your thinking, right? 
We're right, obviously we're 

673
00:35:15,700 --> 00:35:17,300
right about Bitcoin. 
Obviously, Bitcoin is the 

674
00:35:17,300 --> 00:35:19,200
soundest money. 
The world has ever seen, but you

675
00:35:19,208 --> 00:35:20,800
could have said the same 
argument. 

676
00:35:20,900 --> 00:35:23,100
Communism is definitely a bad 
idea. 

677
00:35:23,700 --> 00:35:26,500
You know, the incentives are not
aligned economically, it's 

678
00:35:26,500 --> 00:35:30,600
unviable but holy thing that 
think does not go away, right? 

679
00:35:30,600 --> 00:35:33,000
You know, you still have Cuba 
North Korea. 

680
00:35:33,200 --> 00:35:35,500
That's just their full balls to 
the wall. 

681
00:35:35,500 --> 00:35:37,300
That's they're attempting to 
make it happen. 

682
00:35:38,000 --> 00:35:40,100
So what about that? 
Luke? 

683
00:35:40,100 --> 00:35:42,400
What about just human nature in 
general? 

684
00:35:43,400 --> 00:35:48,300
Does Bitcoin need everybody? 
Well, there is a lot there 

685
00:35:48,300 --> 00:35:51,900
between you guys. 
That was a lot of diapers to 

686
00:35:51,900 --> 00:35:54,200
take a note. 
So yeah, a lot of things to 

687
00:35:54,400 --> 00:35:56,600
think about coming out, like 
everything you just touched on. 

688
00:35:56,600 --> 00:35:59,000
It is so hard because we just 
start going. 

689
00:35:59,000 --> 00:36:00,600
It's like there's 10 different 
rabbit Trails there. 

690
00:36:00,600 --> 00:36:03,300
It's just, you can't even get 
halfway through one of them in a

691
00:36:03,308 --> 00:36:06,300
90-minute podcast. 
But anyway, yeah. 

692
00:36:06,300 --> 00:36:09,900
So your question, like, about 
human nature, basically. 

693
00:36:11,100 --> 00:36:13,200
If Bitcoins biggest threat, is 
that people don't care about 

694
00:36:13,200 --> 00:36:14,500
sound money. 
And I think Michael Sailors, 

695
00:36:14,500 --> 00:36:15,900
right? 
People just do not care. 

696
00:36:17,300 --> 00:36:20,100
I think, I think there's two 
ways to look at that they were 

697
00:36:20,300 --> 00:36:22,100
that are not to build off each 
other. 

698
00:36:22,100 --> 00:36:25,500
I think one way is just again, 
go back to exponential's in 

699
00:36:26,300 --> 00:36:29,600
think, backwards, and remember 
that, most people don't care 

700
00:36:29,600 --> 00:36:33,000
about Solutions because most 
people don't realize that these 

701
00:36:33,000 --> 00:36:36,200
Solutions are solutions to 
problem, this, don't even exist 

702
00:36:36,200 --> 00:36:39,500
yet, you know, like a hundred 
years ago, one of the biggest 

703
00:36:39,500 --> 00:36:41,700
problems was that there wasn't 
enough nitrogen. 

704
00:36:41,900 --> 00:36:43,800
You know, there was a good 
enough, nitrogen to feed the 

705
00:36:43,800 --> 00:36:46,900
world and everyone thought it's 
going to be Global famine. 

706
00:36:47,000 --> 00:36:49,600
We're going to have to cut down 
all the trees in the world and 

707
00:36:49,600 --> 00:36:51,700
plant all these crops because 
there's just not going to be 

708
00:36:51,708 --> 00:36:52,700
enough. 
Nitrogen is going to be 

709
00:36:52,700 --> 00:36:54,700
overpopulation. 
It's going to collapse UMass 

710
00:36:54,700 --> 00:37:00,900
famine, you know, just basically
doomsday and it's like, well, 

711
00:37:01,000 --> 00:37:03,900
essentially the fritz Haber 
process with nitrogen, 

712
00:37:03,900 --> 00:37:06,300
everything that sort basically, 
is allowed us to have an extra 

713
00:37:06,300 --> 00:37:10,000
four billion humans alive today 
on the planet. 

714
00:37:10,100 --> 00:37:12,000
And actually most people don't 
realize this, but now we're 

715
00:37:12,000 --> 00:37:15,500
using less force and where your,
when we were in the past in the 

716
00:37:15,500 --> 00:37:19,300
recent past and we're In were 
cutting down less trees in order

717
00:37:19,300 --> 00:37:22,700
for crops and everything like so
it's so it's my point being. 

718
00:37:22,700 --> 00:37:25,700
How do you explain somebody in 
the 1400s? 

719
00:37:25,700 --> 00:37:28,500
Or how do you explain to 
somebody that doesn't know 

720
00:37:28,500 --> 00:37:31,500
anything about chemistry because
it's not been discovered yet the

721
00:37:31,600 --> 00:37:36,100
significance and the importance 
of discovering a given procedure

722
00:37:36,100 --> 00:37:38,100
in creating nitrogen and putting
it back to the soda figure. 

723
00:37:38,100 --> 00:37:41,100
It's like you can't explain 
these solutions to people to 

724
00:37:41,100 --> 00:37:44,900
pass because they can't they 
can't picture the problems you 

725
00:37:44,900 --> 00:37:47,700
know likewise you can't again 
the look Emotive versus the 

726
00:37:47,700 --> 00:37:49,200
horse. 
You can't explain the 

727
00:37:49,200 --> 00:37:52,200
significance of the locomotive 
to people that are only thinking

728
00:37:52,200 --> 00:37:55,000
in terms of horse problems, it's
just you can't do it. 

729
00:37:55,500 --> 00:38:00,100
And that's why I think a lot of 
it is stupidity, especially with

730
00:38:00,400 --> 00:38:03,300
certain people, perhaps but I 
think more than anything it's 

731
00:38:03,300 --> 00:38:07,000
just that it's hard to 
communicate different eras and 

732
00:38:07,000 --> 00:38:08,600
that's why I emphasize ancient 
world modern world. 

733
00:38:08,600 --> 00:38:10,800
So I think that's one component 
is just that humans have trouble

734
00:38:10,800 --> 00:38:14,200
understanding what I think. 
The second component regarding 

735
00:38:14,200 --> 00:38:16,900
human nature is that I believe 
that all human. 

736
00:38:17,200 --> 00:38:19,500
Have a fallen nature. 
One of the things up to you is 

737
00:38:19,500 --> 00:38:22,600
talking about with Desiring 
freedom and the great irony in 

738
00:38:22,600 --> 00:38:24,100
that is, you know, I'm a 
Christian. 

739
00:38:24,100 --> 00:38:28,500
And so I believe, you know, the 
the in Genesis about when Adam 

740
00:38:28,500 --> 00:38:31,300
and Eve took the fruit, I mean, 
what were they really doing? 

741
00:38:31,300 --> 00:38:34,500
They were craving Freedom. 
They were taking the fruit and 

742
00:38:34,500 --> 00:38:37,200
saying we reject. 
God's truth, who reject God's 

743
00:38:37,200 --> 00:38:39,100
Authority? 
You know, I don't want to get 

744
00:38:39,100 --> 00:38:42,200
all theological here, but it's 
basically the same idea that we 

745
00:38:42,200 --> 00:38:44,300
want to be in charge. 
We want to have her own Freedom,

746
00:38:44,300 --> 00:38:47,300
we don't want to submit 
ourselves to God, we do Want we 

747
00:38:47,300 --> 00:38:49,900
want to obey, we want to disobey
and do her own thing. 

748
00:38:49,900 --> 00:38:52,800
So, I think you're right, not 
even just a philosophical or 

749
00:38:52,800 --> 00:38:54,400
historical sense of people want 
freedom. 

750
00:38:54,400 --> 00:38:58,100
I think it's true in a spiritual
and a theological sense to, but 

751
00:38:58,100 --> 00:39:01,100
that's all I'll say about that. 
But I think ultimately because 

752
00:39:01,200 --> 00:39:06,100
of that because our desire for 
that freedom and our desire, I 

753
00:39:06,100 --> 00:39:09,200
would argue all as well, for 
corruption is so deep. 

754
00:39:09,300 --> 00:39:13,900
That as long as we have the 
ability to force that corruption

755
00:39:13,900 --> 00:39:16,000
onto the world and force it on 
to others. 

756
00:39:16,300 --> 00:39:19,200
If we are able To do that, 
eventually it's going to happen 

757
00:39:19,700 --> 00:39:22,500
because even if we're righteous 
and even if we're, you know, 

758
00:39:22,600 --> 00:39:26,100
goody two shoes or whatever and 
we don't we don't hurt other 

759
00:39:26,100 --> 00:39:29,400
people with our own power that 
we have eventually someone's 

760
00:39:29,400 --> 00:39:30,900
going to do that. 
It's like a hundred percent 

761
00:39:30,900 --> 00:39:33,100
certainty and so you mentioned 
North Korea. 

762
00:39:33,100 --> 00:39:36,400
You know you have all the people
in China and people in other 

763
00:39:36,400 --> 00:39:39,200
areas of the world to that are 
under just incredible amounts of

764
00:39:39,208 --> 00:39:42,400
tyranny. 
And I think the difference with 

765
00:39:42,400 --> 00:39:48,100
Bitcoin to all these other tools
is that we have Yet found a way 

766
00:39:48,100 --> 00:39:50,500
at which humans can gain control
of Bitcoin. 

767
00:39:50,500 --> 00:39:52,000
Again. 
We haven't yet found a way in 

768
00:39:52,000 --> 00:39:55,700
which people using Bitcoin or 
operating within Bitcoin can 

769
00:39:55,700 --> 00:40:00,000
exploit it to corrupt it and 
damage other people or harm 

770
00:40:00,100 --> 00:40:03,300
other people both in terms of 
their finances non-violently and

771
00:40:03,300 --> 00:40:06,000
also violently. 
And I think that's the really 

772
00:40:06,600 --> 00:40:08,700
important distinction with 
Bitcoin to all these other 

773
00:40:08,700 --> 00:40:11,100
Technologies. 
And I think that's the really 

774
00:40:11,100 --> 00:40:14,200
key point that most people don't
understand why the Bitcoin is so

775
00:40:14,200 --> 00:40:16,100
passionate. 
It's like that's the big deal. 

776
00:40:16,500 --> 00:40:20,300
The big All is it for what seems
to be the first time in history.

777
00:40:20,600 --> 00:40:24,300
We have a technology that its 
own operation and survival is 

778
00:40:24,300 --> 00:40:28,700
inherently separated, from 
humans, desire to corrupt 

779
00:40:28,700 --> 00:40:31,200
things. 
And so yeah, I think it's a real

780
00:40:31,200 --> 00:40:33,200
problem that people don't care 
about some money and I think 

781
00:40:33,200 --> 00:40:35,300
it's a real problem that people 
are corrupt But ultimately I 

782
00:40:35,300 --> 00:40:38,600
think the design of Bitcoin is 
that it's designed to function 

783
00:40:38,600 --> 00:40:43,100
and not harm anyone, even if all
the actors within the network 

784
00:40:43,400 --> 00:40:46,100
are trying to harm each other 
and I think that's why Jason 

785
00:40:46,100 --> 00:40:48,200
Lowry for example. 
With his software thesis, which 

786
00:40:48,200 --> 00:40:50,900
is very controversial. 
I think that's like one of the 

787
00:40:51,400 --> 00:40:54,800
really important pieces of the 
Bitcoin thesis is understanding 

788
00:40:54,800 --> 00:40:59,800
its incentive structure, changed
Warfare and violence in general.

789
00:41:00,100 --> 00:41:03,600
So and I said a lot there but 
and I have more thoughts to but 

790
00:41:03,600 --> 00:41:06,800
other things you said but that's
that's just my basic view on 

791
00:41:06,800 --> 00:41:08,300
that. 
I have a couple more thoughts, 

792
00:41:08,300 --> 00:41:10,900
on some things. 
Opti said if you want me to get 

793
00:41:10,900 --> 00:41:12,700
into those yeah I would love 
you. 

794
00:41:12,700 --> 00:41:16,900
I know, but first, I've never 
thought of that way in life. 

795
00:41:17,000 --> 00:41:19,600
Theological sense. 
But I'm definitely going to be 

796
00:41:19,600 --> 00:41:21,900
using that moving forward, but 
jump in add more. 

797
00:41:22,200 --> 00:41:23,600
Yeah, no, yeah, that's that's 
where it is. 

798
00:41:23,600 --> 00:41:26,700
You know, Abby what in Freedom 
and you know, people that's, you

799
00:41:26,700 --> 00:41:28,600
know, I on Twitter, I both make 
it now. 

800
00:41:28,600 --> 00:41:30,400
I'm a Bitcoin and Christians, 
like that's one of the things 

801
00:41:30,400 --> 00:41:32,900
that people, you know, are 
Christians, talk about is like 

802
00:41:32,900 --> 00:41:34,400
your slave to God and you will 
be handed. 

803
00:41:34,400 --> 00:41:38,200
Anyways, it's like this 
fascinating connection between 

804
00:41:38,200 --> 00:41:41,500
pride and freedom and but 
anyway, that's yeah, that you 

805
00:41:41,500 --> 00:41:44,300
can have a bunch of rabbit hole.
I mean, let's let's explore 

806
00:41:44,300 --> 00:41:46,100
those rabbit holes. 
This is we're going to release 

807
00:41:46,100 --> 00:41:47,100
this on Saturday. 
Day. 

808
00:41:47,100 --> 00:41:53,100
So, you know, for anyone? 
Hold on top, do you take this? 

809
00:41:54,400 --> 00:41:56,900
Well, I don't know where you're 
going with this one but we 

810
00:41:58,700 --> 00:42:00,200
ignore Nico. 
Luke. 

811
00:42:00,200 --> 00:42:02,700
What were your other thoughts 
and well I will jump off that 

812
00:42:02,700 --> 00:42:06,800
because I do have I do have no. 
Okay sorry very important 

813
00:42:06,800 --> 00:42:09,600
conversation right? 
Really back in we're pivoting 

814
00:42:09,600 --> 00:42:12,300
back, just like Jay Powell. 
Okay. 

815
00:42:13,100 --> 00:42:13,700
Yeah. 
Right. 

816
00:42:13,800 --> 00:42:15,000
Turn on the money. 
Printers Opti. 

817
00:42:17,300 --> 00:42:19,600
Abdi and I are Christians to do 
great. 

818
00:42:19,600 --> 00:42:21,000
Okay. 
We'll just keep it to ourselves.

819
00:42:21,000 --> 00:42:22,400
We don't we don't really say 
anything. 

820
00:42:23,800 --> 00:42:28,000
But I mean it's a very 
interesting topic. 

821
00:42:28,000 --> 00:42:31,400
It's because it's kind of like a
theological topic, right? 

822
00:42:31,400 --> 00:42:35,300
And I think the reason that for 
example, Luke, I keep it to 

823
00:42:35,300 --> 00:42:41,700
myself, is because the moment, 
you say, your Christian things 

824
00:42:41,700 --> 00:42:45,500
happen, things happen, right? 
And your interpreted differently

825
00:42:45,500 --> 00:42:47,600
and people look at you. 
Differently, right? 

826
00:42:48,600 --> 00:42:51,100
You know it's like Bitcoin is a 
buzzword, whenever you say, 

827
00:42:51,100 --> 00:42:53,600
Bitcoin everyone in the 
financial space has an opinion 

828
00:42:53,700 --> 00:42:56,100
and like their brains shut off 
more or less. 

829
00:42:56,600 --> 00:42:58,900
And I would argue it's similar 
with Jesus Christ. 

830
00:42:58,900 --> 00:43:02,300
It's like, you say the name and 
people have their own opinions 

831
00:43:02,300 --> 00:43:05,800
and you know, I mean, obviously 
they're very different certain 

832
00:43:05,800 --> 00:43:07,900
regards but yeah, I get what I 
get what you're saying that 

833
00:43:07,900 --> 00:43:13,200
people have reactions, but but, 
but yeah, even if someone isn't 

834
00:43:13,200 --> 00:43:15,900
a Christian, I think there's a 
real discussion here because 

835
00:43:16,000 --> 00:43:17,900
Christians How do you survive 
for thousands of years? 

836
00:43:17,900 --> 00:43:21,000
And so, even if you don't 
believe the book itself, I think

837
00:43:21,000 --> 00:43:22,000
there's something really 
important. 

838
00:43:22,000 --> 00:43:27,000
There's like, what is the basis 
of the Bible is basically saying

839
00:43:27,000 --> 00:43:30,200
that humans are to submit 
themselves to higher power, 

840
00:43:30,200 --> 00:43:33,500
which obviously, in Christian 
doctrines, God. 

841
00:43:34,300 --> 00:43:37,700
But what, what is bitcoin 
promising to solve? 

842
00:43:37,700 --> 00:43:41,700
Well, if money is a technology, 
which we value, everything else 

843
00:43:41,700 --> 00:43:46,100
in society, then somebody coming
in and saying, I can print money

844
00:43:46,200 --> 00:43:50,300
is Is them saying, I am God 
within this Paradigm, dudes. 

845
00:43:50,300 --> 00:43:52,000
I think creating money out of 
nothing. 

846
00:43:52,100 --> 00:43:54,000
Let there be light. 
I am making something out of 

847
00:43:54,008 --> 00:43:55,800
nothing. 
I can violate physics. 

848
00:43:55,800 --> 00:43:59,500
I can do what I want. 
I can I can reap without sewing.

849
00:44:00,000 --> 00:44:02,900
That's, that's what theaters is 
Bitcoin is? 

850
00:44:02,900 --> 00:44:07,000
Bitcoin is saying no, nobody can
do that. 

851
00:44:07,000 --> 00:44:10,000
Morally, nobody can do that in 
accordance with the way reality 

852
00:44:10,000 --> 00:44:11,800
works, in the way that God 
designed the universe. 

853
00:44:11,800 --> 00:44:19,500
So, dude, So I've tweeted that 
before ours, I said 

854
00:44:19,500 --> 00:44:22,800
specifically, I said no one 
deserves the Godlike power of 

855
00:44:22,800 --> 00:44:24,600
being able to create money for 
free. 

856
00:44:24,600 --> 00:44:28,400
That another man has to work 
with work for and what are the 

857
00:44:28,400 --> 00:44:31,800
misalignment of incentives? 
When that happens, right? 

858
00:44:31,800 --> 00:44:33,300
What are the misalignment of 
incentives? 

859
00:44:33,300 --> 00:44:37,100
And, you know, the Luke. 
I'm sure you're very familiar 

860
00:44:37,100 --> 00:44:40,400
with this line, absolute power 
corrupts, absolutely and what 

861
00:44:40,400 --> 00:44:44,200
type of Godlike power. 
Do you does a does a mortal man 

862
00:44:44,200 --> 00:44:47,500
possess? 
When they Have the ability to 

863
00:44:47,500 --> 00:44:50,700
basically create money out of 
thin air, right? 

864
00:44:50,700 --> 00:44:55,200
And yeah, yeah, it's just, it's 
a fascinating conversation. 

865
00:44:56,000 --> 00:44:58,300
As you can use that money to 
acquire anything in this world. 

866
00:44:58,300 --> 00:45:01,500
So it's your, it's like if I'm 
can print money, then basically 

867
00:45:01,500 --> 00:45:04,600
I can print houses and I can 
print food and it's like it's 

868
00:45:05,100 --> 00:45:08,100
anyway like I think we've made 
the point but yet this desire 

869
00:45:08,100 --> 00:45:09,600
for free ends desire for 
corruption. 

870
00:45:09,600 --> 00:45:13,500
That's desire for these things, 
I think is ultimately why we 

871
00:45:13,500 --> 00:45:16,000
continue to see tyrannies and 
dictatorships today and that's 

872
00:45:16,000 --> 00:45:17,400
the beauty. 
The Bitcoin is that the coin 

873
00:45:17,400 --> 00:45:22,400
doesn't solve human, the human 
heart, but Bitcoin does detach 

874
00:45:22,400 --> 00:45:26,600
it from money and money is 
underpinning layer of society. 

875
00:45:26,600 --> 00:45:30,500
And so, if you can do that, the 
implications are really 

876
00:45:30,500 --> 00:45:33,700
profound. 
So I want to get your take on 

877
00:45:33,700 --> 00:45:38,700
this, right, because I said this
actually said this in the thank 

878
00:45:38,700 --> 00:45:42,800
God for Bitcoin spaces. 
Today I said Bitcoin is 

879
00:45:42,800 --> 00:45:45,800
connected to reality to the 
universe via proof of work. 

880
00:45:46,300 --> 00:45:48,600
Right. 
It's fundamentally connected to 

881
00:45:48,600 --> 00:45:56,200
the truth and I the interesting 
phenomenon that I've seen over 

882
00:45:56,200 --> 00:46:00,000
the last, you know, literally 
year 7 for me and Bitcoin 

883
00:46:01,000 --> 00:46:02,800
heading into your eight very 
soon. 

884
00:46:04,400 --> 00:46:08,900
Congrats on your birthday. 
And one of the things that one 

885
00:46:08,900 --> 00:46:14,600
of the interesting phenomenon 
that I've noticed is how Bitcoin

886
00:46:14,600 --> 00:46:18,300
has actually put made people 
more faithful and they're in 

887
00:46:18,300 --> 00:46:20,400
their cultural practice of 
Faith, right? 

888
00:46:20,400 --> 00:46:23,400
Because if you happen to be born
anywhere around the world, 

889
00:46:23,400 --> 00:46:25,300
right? 
If you happen to be born in a 

890
00:46:25,300 --> 00:46:28,300
Muslim country, your practices 
face is probably Islam. 

891
00:46:28,700 --> 00:46:31,300
You happen to be born in Latin 
America like Opti and I, you 

892
00:46:31,300 --> 00:46:33,700
know, you're most likely 
Catholic, right? 

893
00:46:33,700 --> 00:46:36,900
If you happen to be born in, you
know, in the United States. 

894
00:46:36,900 --> 00:46:41,600
You're most likely, you know, 
all the other denominations, 

895
00:46:41,600 --> 00:46:44,100
right? 
Oh, what a one of the 

896
00:46:44,100 --> 00:46:46,600
denomination's, right? 
If you happen to be born in 

897
00:46:46,600 --> 00:46:49,600
Asia, you know, you're most 
likely a Buddhist, right? 

898
00:46:49,900 --> 00:46:52,000
You know, if you happen to be 
born in mainland China, you 

899
00:46:52,000 --> 00:46:54,300
know. 
I think it's atheism, but it's 

900
00:46:54,300 --> 00:46:57,700
interesting though, is that 
religion is still very, very 

901
00:46:57,700 --> 00:47:00,700
popular in mainland China, even 
though the state religion is 

902
00:47:00,700 --> 00:47:04,500
atheism. 
So, you know, it's kind of like,

903
00:47:04,500 --> 00:47:09,200
when they say that there are no 
covid cases there. 

904
00:47:09,200 --> 00:47:10,000
It's kind of like the same 
thing. 

905
00:47:10,000 --> 00:47:12,000
There's no questions, there's no
Muslims there. 

906
00:47:12,400 --> 00:47:13,300
Yeah. 
No, that's it. 

907
00:47:14,200 --> 00:47:16,400
There's a ton of Christians. 
There's a ton of Muslims and 

908
00:47:16,400 --> 00:47:19,000
it's interesting, right? 
Because what tends to happen is 

909
00:47:19,000 --> 00:47:22,000
like, no, I'm not going to go 
down that rabbit hole. 

910
00:47:22,100 --> 00:47:24,100
Anyways, let's bring it down to 
bitcoin. 

911
00:47:24,200 --> 00:47:26,700
Let's bring it back. 
Let's bring it back to bitcoin. 

912
00:47:27,000 --> 00:47:30,900
So have you noticed that pattern
or am I seeing things that are 

913
00:47:30,900 --> 00:47:32,300
not there? 
No. 

914
00:47:32,800 --> 00:47:35,100
Yeah, I think you're right. 
And I think obviously, since 

915
00:47:35,100 --> 00:47:37,600
we're Christians are speaking 
with that specifically, but even

916
00:47:37,600 --> 00:47:42,100
for those aren't Christians, I 
think we all can agree that as 

917
00:47:42,200 --> 00:47:44,800
We talked more people within 
Bitcoin and we're in the space 

918
00:47:44,800 --> 00:47:49,200
longer and longer, we see that a
larger percentage within the 

919
00:47:49,200 --> 00:47:54,700
Bitcoin space become more 
spiritual, enlightened pursue 

920
00:47:54,700 --> 00:47:58,300
religion, find Jesus. 
You know, they're thinking about

921
00:47:58,300 --> 00:48:00,500
these long things and why is 
that fundamentally happening? 

922
00:48:01,100 --> 00:48:03,200
It's happening. 
I think, for multiple reasons, I

923
00:48:03,200 --> 00:48:04,500
think. 
One reason is that they realize 

924
00:48:04,500 --> 00:48:06,400
that their understanding of 
reality has been destroyed. 

925
00:48:06,400 --> 00:48:09,800
They realize, oh wait, my whole 
life working for 40 years or my 

926
00:48:09,800 --> 00:48:12,100
whole, my all my existence, make
more money. 

927
00:48:12,700 --> 00:48:16,700
And that's a lie, that the money
I've been working for the, which

928
00:48:16,700 --> 00:48:19,300
I did nominate all my time, and 
all my value, all my expenses, 

929
00:48:19,300 --> 00:48:22,800
and all my incomes and is 
actually just a complete life. 

930
00:48:22,800 --> 00:48:27,000
So I think that foundational 
like whoa, that waking up from 

931
00:48:27,000 --> 00:48:29,600
the Matrix that we talked about,
I think that really puts people 

932
00:48:29,600 --> 00:48:32,600
in a spot where they begin to 
question other things. 

933
00:48:33,300 --> 00:48:36,900
I think that's also why we see 
bitcoiners have a tendency 

934
00:48:36,900 --> 00:48:40,000
towards other conspiracy 
theories. 

935
00:48:40,000 --> 00:48:43,400
Some of which are possibly 
probably Biblia, Jewett and 

936
00:48:43,400 --> 00:48:46,700
others are a little out there 
but it's the same thing. 

937
00:48:46,700 --> 00:48:48,700
I think it's because our 
worldviews been shown. 

938
00:48:48,700 --> 00:48:51,500
So shattered that now, we're 
trying to make sense of this new

939
00:48:51,500 --> 00:48:53,700
world, that we understand a 
Bitcoins, big part of that, 

940
00:48:53,700 --> 00:48:55,600
definitely. 
But some people find the rest 

941
00:48:55,600 --> 00:48:59,400
that new understanding in 
conspiracy theories, others, and

942
00:48:59,400 --> 00:49:02,500
religion others in taking care 
of their bodies. 

943
00:49:02,500 --> 00:49:05,200
You know, people also like to 
try to lose weight for the first

944
00:49:05,200 --> 00:49:07,300
time after after becoming a bit 
quite. 

945
00:49:07,300 --> 00:49:09,500
So I think people Express that 
in different ways. 

946
00:49:10,000 --> 00:49:12,200
I think it's just because 
Bitcoin extends our time Horizon

947
00:49:13,100 --> 00:49:15,900
In addition to already having 
them question their worldview 

948
00:49:16,400 --> 00:49:19,800
and I think ultimately that is 
going to prove to be a very good

949
00:49:19,800 --> 00:49:22,100
thing. 
Yeah, yeah, exactly. 

950
00:49:22,100 --> 00:49:25,300
And you know, the awesome part 
about Bitcoin to, right? 

951
00:49:25,300 --> 00:49:27,500
And he's, we've been talking a 
lot about Christianity's that 

952
00:49:27,700 --> 00:49:30,300
it's inclusive, right? 
And that that's the beautiful 

953
00:49:30,300 --> 00:49:32,800
part, right? 
Is that it's not exclusive right

954
00:49:32,800 --> 00:49:35,000
at whatsoever. 
It doesn't actually doesn't 

955
00:49:35,000 --> 00:49:36,600
really matter what you believe 
in. 

956
00:49:37,100 --> 00:49:41,500
You know, you can use Bitcoin 
and, and I think it really, it 

957
00:49:41,500 --> 00:49:45,300
really, It's people differently.
And, you know, some people that 

958
00:49:45,300 --> 00:49:49,700
it's what you said, right? 
FC Doyle's no more. 

959
00:49:49,700 --> 00:49:51,700
I'm going to start eating. 
Just all carnivores. 

960
00:49:51,700 --> 00:49:54,100
Some people are like, let me let
me let me get my body fit. 

961
00:49:54,100 --> 00:49:57,900
Some people are like I found God
again you know it just but it 

962
00:49:57,900 --> 00:50:03,000
exactly like once you break that
Fiat Matrix and you start to 

963
00:50:03,000 --> 00:50:05,600
realize you know we've all been 
down this Rabbit Hole. 

964
00:50:05,600 --> 00:50:07,500
The first couple of years that 
you're in Bitcoin you start 

965
00:50:07,500 --> 00:50:11,100
having like you don't understand
and then and it's like youyou go

966
00:50:11,100 --> 00:50:13,200
to your loved ones and you're 
like but Don't get it and 

967
00:50:13,200 --> 00:50:16,400
they're like if you're fucking 
insane, like, leave me alone. 

968
00:50:16,700 --> 00:50:20,400
Your eyes are freaking crazy. 
It's just money. 

969
00:50:20,400 --> 00:50:22,600
That's like, no, but he'd 
understand. 

970
00:50:22,600 --> 00:50:26,100
It's not just the money. 
It affects every facet of life, 

971
00:50:26,100 --> 00:50:27,400
right? 
And then you just kind of like 

972
00:50:27,400 --> 00:50:30,600
go down that rabbit hole after 
you want to add to that and then

973
00:50:30,600 --> 00:50:34,700
we'll pass I mean--can. 
Like you kind of reminded me 

974
00:50:34,700 --> 00:50:37,900
like right there. 
It's really that like coming to 

975
00:50:37,900 --> 00:50:41,300
Jesus moment when you when you 
find Bitcoin you're just like oh

976
00:50:41,300 --> 00:50:44,500
my God. 
And I remember John Valles kind 

977
00:50:44,500 --> 00:50:46,500
of said the same thing a long 
time ago. 

978
00:50:46,500 --> 00:50:49,100
And when I like, it's like the 
first part I ever went on. 

979
00:50:49,300 --> 00:50:52,000
He was kind of connecting it 
with like the Psychedelic 

980
00:50:52,000 --> 00:50:54,600
journey and how like people that
do psychedelics they finally 

981
00:50:54,600 --> 00:50:57,000
they have like this profound 
breakthrough and then the like 

982
00:50:57,500 --> 00:51:00,000
like you can have this too and 
it's like it's all this kind of 

983
00:51:00,000 --> 00:51:03,400
the same, same thing. 
Like I really do believe, you 

984
00:51:03,400 --> 00:51:06,400
know, and that is content just a
belief but I really do believe 

985
00:51:06,400 --> 00:51:12,100
that humans whether they want to
or not have this this need for 

986
00:51:12,500 --> 00:51:15,400
Luke said something something 
the Beyond is like a spiritual 

987
00:51:15,400 --> 00:51:20,700
need. 
There's you know, the the 

988
00:51:20,700 --> 00:51:23,300
Trinity, you know, like body 
mind and soul. 

989
00:51:23,300 --> 00:51:26,000
Like I do believe in like 
nourishing your soul. 

990
00:51:26,000 --> 00:51:31,000
And like there is there's a very
real lack of that you know, 

991
00:51:31,000 --> 00:51:34,100
material that that information 
in the world and it's almost 

992
00:51:34,100 --> 00:51:37,100
been on purpose and like Nico, 
you kind of said it, you know, 

993
00:51:37,100 --> 00:51:43,400
like we bring in a full circle 
if we have an energy money Which

994
00:51:43,700 --> 00:51:46,200
right now we're on the Fiat 
money, which is I always say 

995
00:51:46,200 --> 00:51:48,700
it's like completely 
disconnected from reality. 

996
00:51:48,700 --> 00:51:53,200
It's like Road Runner and Coyote
like yeah if yeah if you're 

997
00:51:53,200 --> 00:51:57,100
opposite of Truth and exactly 
you're running off the cliff and

998
00:51:57,100 --> 00:51:59,200
we're at that point where it's 
like you're looking down at your

999
00:51:59,200 --> 00:52:02,700
feet and like, oh my God we are 
so disconnected from reality. 

1000
00:52:02,900 --> 00:52:08,200
That every aspect of your being 
starts to get reorganized around

1001
00:52:08,200 --> 00:52:11,500
reality and you kind of come 
back and you snap back really 

1002
00:52:11,500 --> 00:52:13,500
hard to reality. 
Seeing this happen right now, 

1003
00:52:13,500 --> 00:52:16,600
what we've seen seven bank 
failures in the last two months 

1004
00:52:16,600 --> 00:52:21,000
or whatever and is this cuz of 
Bitcoin or is it just because we

1005
00:52:21,000 --> 00:52:23,800
have bitcoiners it, just because
Fiat system is just, you know, 

1006
00:52:23,808 --> 00:52:25,500
finally smacking the wall of 
reality. 

1007
00:52:25,500 --> 00:52:29,500
It's probably all of this. 
But we are coming back to 

1008
00:52:29,500 --> 00:52:33,800
reality in real time. 
And at least for us, we have 

1009
00:52:33,800 --> 00:52:36,400
this, you know, this tool. 
We have this money, we have an 

1010
00:52:36,400 --> 00:52:38,600
escape valve. 
We have, we have a safety boat, 

1011
00:52:38,600 --> 00:52:41,700
which is Bitcoin. 
And I've said, in the past, as a

1012
00:52:42,400 --> 00:52:44,900
Wheat and it's just an idea. 
I don't really write much but 

1013
00:52:44,900 --> 00:52:48,000
when I do right it's always 
always with this like spiritual 

1014
00:52:48,000 --> 00:52:52,300
change and it was Satoshi found 
a way to domesticate human greed

1015
00:52:52,300 --> 00:52:54,200
and Anika is kind of pushback on
that. 

1016
00:52:54,300 --> 00:52:59,300
But it's like back to the idea 
if you have the the almighty 

1017
00:52:59,300 --> 00:53:02,900
godly power of printing, money, 
out of out, of thin air and 

1018
00:53:02,900 --> 00:53:05,300
being able to purchase 
everything because you're close 

1019
00:53:05,300 --> 00:53:09,500
to the money printer, well, what
is that inherently Guided by it,

1020
00:53:09,700 --> 00:53:12,000
it's but Guided by, you know, 
the lust for power, the last for

1021
00:53:12,000 --> 00:53:15,700
greed. 
And now it's basically you know,

1022
00:53:15,900 --> 00:53:18,300
whether it's divine intervention
in this question, I wanted to 

1023
00:53:18,300 --> 00:53:21,400
ask Luke whether it's divine 
intervention or not, it's 

1024
00:53:21,400 --> 00:53:25,800
Saturday show, fuck this up. 
It's definitely, it's definitely

1025
00:53:25,800 --> 00:53:31,000
something outside of human, you 
know, Behavior outside of like, 

1026
00:53:31,000 --> 00:53:35,600
like Luke said, you know, 
outside of, of humans hand to 

1027
00:53:36,000 --> 00:53:40,500
basically destroy destroy and 
distort, what is good and 

1028
00:53:40,500 --> 00:53:43,100
whether human, you know, like, 
obviously it's It's a human 

1029
00:53:43,100 --> 00:53:46,700
invention, but it takes the 
power of humans out of the money

1030
00:53:46,700 --> 00:53:50,300
and maybe that's what we need as
humans is something that's just 

1031
00:53:50,300 --> 00:53:54,800
completely separate to us. 
Instilling good action in US, 

1032
00:53:54,800 --> 00:53:57,900
incentivizing, good action. 
So it's like look, I know, I 

1033
00:53:57,900 --> 00:54:03,300
know, I know you are a wretched 
little human but here we have a 

1034
00:54:03,300 --> 00:54:06,500
technology in a tool that 
basically puts you in your place

1035
00:54:06,500 --> 00:54:09,600
so that you don't step out of 
line so that you are connected 

1036
00:54:09,600 --> 00:54:13,300
to reality. 
And I think back to like Idea 

1037
00:54:13,300 --> 00:54:17,500
of, you know, bitcoiners coming 
to God or whatever because I 

1038
00:54:17,500 --> 00:54:22,900
definitely had this more, like a
very real spiritual awakening. 

1039
00:54:22,900 --> 00:54:25,200
I guess you would say, like, 
before I had it, but now I'm 

1040
00:54:25,200 --> 00:54:27,300
just like, yeah, I'm very 
adamant. 

1041
00:54:27,300 --> 00:54:30,400
Like, yeah, I believe in God. 
Like, yeah, it's very simple. 

1042
00:54:30,400 --> 00:54:33,300
It's kind of dry now, but it's 
back to the same idea. 

1043
00:54:33,300 --> 00:54:36,500
Look, Fiat, money has been 
completely disconnected from 

1044
00:54:36,500 --> 00:54:39,900
reality. 
Well, I think our society, our 

1045
00:54:39,900 --> 00:54:44,300
culture has also been 
disconnected from a source and 

1046
00:54:44,800 --> 00:54:49,000
Bitcoin is a connection back to 
energy back to the source. 

1047
00:54:49,000 --> 00:54:52,300
And I think this is just a way 
whether it's divine intervention

1048
00:54:52,300 --> 00:54:53,200
or not. 
I don't know. 

1049
00:54:53,200 --> 00:54:56,200
I like to say it is because I 
like to think of the most like 

1050
00:54:56,200 --> 00:54:58,900
ridiculous out their thoughts 
and just like adopt that me 

1051
00:54:58,900 --> 00:55:04,400
like, yeah, that's what it is. 
I think there is a very real 

1052
00:55:04,400 --> 00:55:08,000
need to connect us back to 
reality and you know what would 

1053
00:55:08,000 --> 00:55:11,000
most Christians say like God is 
reality like this is this is 

1054
00:55:11,000 --> 00:55:14,900
fundamentally where we are God. 
Energy, God is the universe and 

1055
00:55:15,500 --> 00:55:17,200
God is truth. 
God is truth. 

1056
00:55:17,200 --> 00:55:18,900
And what is bitcoin? 
Bitcoin is truth. 

1057
00:55:18,900 --> 00:55:21,400
Bitcoin is energy and its 
connecting as back to this 

1058
00:55:21,400 --> 00:55:24,700
reality. 
And furthermore the reason I 

1059
00:55:24,708 --> 00:55:28,100
know we are right is because all
of us bitcoiners are happy 

1060
00:55:28,100 --> 00:55:31,700
prospering getting healthy, 
living a good life, living a 

1061
00:55:31,700 --> 00:55:33,900
life that our ancestors are 
telling us. 

1062
00:55:33,900 --> 00:55:35,600
You should be living. 
And we always been like, now, 

1063
00:55:35,600 --> 00:55:38,300
we're smart were modern, you 
know, with our modern ways. 

1064
00:55:38,300 --> 00:55:41,000
And now we're kind of like going
full circle back into 

1065
00:55:41,000 --> 00:55:44,300
Traditions, like wait actually. 
Ali, maybe they had something 

1066
00:55:44,300 --> 00:55:47,600
right, and maybe we should be a 
little more in accord with 

1067
00:55:47,600 --> 00:55:50,400
nature and reality. 
I'm gonna, I'm gonna, I'm gonna 

1068
00:55:50,400 --> 00:55:52,900
say this before, we pass it on 
to Luke, right? 

1069
00:55:53,000 --> 00:55:59,100
I think that, you know, 
specifically, Because there was 

1070
00:55:59,100 --> 00:56:03,000
broken money and even with the 
institutions of religion, I 

1071
00:56:03,000 --> 00:56:07,200
think those institutions 
themselves got corrupted, right?

1072
00:56:07,600 --> 00:56:12,300
And I think that there is a lot 
of Oppression because of those 

1073
00:56:12,300 --> 00:56:19,400
things, which definitely led to 
a lot of people in during some 

1074
00:56:19,400 --> 00:56:23,200
difficult things, right? 
And I want to be empathetic to 

1075
00:56:23,200 --> 00:56:24,900
that. 
I want to be like very clear and

1076
00:56:24,908 --> 00:56:28,700
like kind of lay that out. 
Since we're going down this 

1077
00:56:28,700 --> 00:56:32,700
ranking rabbit hole, which I 
literally avoid but it is the 

1078
00:56:32,708 --> 00:56:34,700
Saturday special, you're 
welcome. 

1079
00:56:34,900 --> 00:56:38,500
Yeah, yeah. 
So yeah. 

1080
00:56:38,500 --> 00:56:44,000
I mean, Luke Bitcoin is truth. 
That is that? 

1081
00:56:44,000 --> 00:56:47,600
That is a fact, right? 
It's the you can't deny that. 

1082
00:56:47,600 --> 00:56:51,500
Bitcoin is not the truth. 
I actually even tweeted that out

1083
00:56:51,500 --> 00:56:54,600
Bitcoin is truth and that was, 
you know, before it was ever 

1084
00:56:54,600 --> 00:56:57,700
talked about on Twitter and did 
really, really Well which tells 

1085
00:56:57,700 --> 00:57:01,500
me a lot of people were having 
that thought right? 

1086
00:57:01,500 --> 00:57:04,700
That Bitcoin is truth, right? 
And I want to be respectful to 

1087
00:57:04,700 --> 00:57:07,900
anybody in their beliefs and you
know however which way they you 

1088
00:57:07,900 --> 00:57:10,700
know, they practice faith and 
how they look at spirituality or

1089
00:57:10,700 --> 00:57:12,800
whether you don't believe in 
anything at all. 

1090
00:57:13,700 --> 00:57:18,800
Bitcoin is for you. 
And I think that because Bitcoin

1091
00:57:18,800 --> 00:57:21,600
is fundamentally truth and I 
think because Bitcoin is 

1092
00:57:21,600 --> 00:57:25,500
fundamentally connected to 
reality regardless of what your 

1093
00:57:25,500 --> 00:57:29,000
belief system is or whether you 
believe in a higher power, you 

1094
00:57:29,008 --> 00:57:34,500
don't believe in a higher power.
You're definitely operating on a

1095
00:57:34,500 --> 00:57:38,200
to you CK's language. 
You're definitely using a better

1096
00:57:38,200 --> 00:57:44,300
operating system than you were 
using before regardless of 

1097
00:57:44,300 --> 00:57:45,800
whatever your personal beliefs 
are. 

1098
00:57:46,200 --> 00:57:49,200
You know, of course, as you 
know, As what our personal 

1099
00:57:49,200 --> 00:57:52,100
faiths are Luke. 
We interpret that in a very 

1100
00:57:52,100 --> 00:57:57,000
specific way. 
Anyways, this isn't fascinating 

1101
00:57:57,000 --> 00:58:00,200
and interesting conversation. 
Yeah, no, it's really good. 

1102
00:58:00,200 --> 00:58:02,600
I think, one point disagreement,
I have with Unicode would be 

1103
00:58:02,600 --> 00:58:06,000
that you said that some people 
don't believe in anything. 

1104
00:58:06,000 --> 00:58:08,300
I would argue that. 
I think everyone has a belief in

1105
00:58:08,300 --> 00:58:10,400
something. 
Even if their don't believe in a

1106
00:58:10,408 --> 00:58:14,200
God, that everyone has a belief 
system that they Orient their 

1107
00:58:14,200 --> 00:58:16,600
lives upon, even if it's 
complete nihilism, it's a belief

1108
00:58:16,600 --> 00:58:18,900
system, I think. 
And that's One of the reasons 

1109
00:58:18,900 --> 00:58:21,300
why it's funny when people get 
upset at me and other people in 

1110
00:58:21,300 --> 00:58:23,700
line for talking about our 
personal belief systems, it's 

1111
00:58:23,700 --> 00:58:26,000
like you know, I wish you 
wouldn't talk about Jesus, I 

1112
00:58:26,008 --> 00:58:27,500
wish you wouldn't talk about 
your belief system, it's like 

1113
00:58:27,500 --> 00:58:31,600
okay, be we all have a belief 
system, we might as well talk 

1114
00:58:31,600 --> 00:58:33,900
about it, so you know where 
someone's coming from you don't 

1115
00:58:33,908 --> 00:58:38,000
have to guess it and try and 
pretend like you can avoid your 

1116
00:58:38,000 --> 00:58:40,200
statements and your thesis and 
your conclusions from your 

1117
00:58:40,200 --> 00:58:42,300
belief system. 
Like I just think it's more or 

1118
00:58:42,300 --> 00:58:44,100
less silly. 
But anyway that's more of a side

1119
00:58:44,100 --> 00:58:47,100
comment. 
Let's see what the other. 

1120
00:58:47,100 --> 00:58:50,200
Oh, the other question was Do I 
think that coins divine 

1121
00:58:50,500 --> 00:58:51,500
intervention? 
Right? 

1122
00:58:51,700 --> 00:58:52,800
That was a question. 
Yeah. 

1123
00:58:53,000 --> 00:58:56,200
II don't know. 
I don't think so. 

1124
00:58:56,600 --> 00:58:59,100
And that's simply because to me.
It just seems to be a piece of 

1125
00:58:59,100 --> 00:59:01,100
technology I made was 
gutenberg's. 

1126
00:59:01,100 --> 00:59:02,600
Printing, press divine 
intervention. 

1127
00:59:02,600 --> 00:59:05,800
I mean, it, you know, he was 
doing it to mass-produce Bibles 

1128
00:59:06,200 --> 00:59:09,100
and how many billions of people 
have had Bibles in their hands 

1129
00:59:09,100 --> 00:59:14,000
because of his invention? 
I mean, it's a big deal and was 

1130
00:59:14,000 --> 00:59:15,600
that divine intervention? 
I don't know. 

1131
00:59:15,700 --> 00:59:20,000
Maybe, I think everything is I 
think I saw her and I think 

1132
00:59:20,000 --> 00:59:21,800
hours. 
He's also, I definitely think 

1133
00:59:21,800 --> 00:59:25,500
God ordained the printing 
presses and Bitcoins of engines,

1134
00:59:25,500 --> 00:59:29,400
but I don't know. 
I don't agree with Max Keiser. 

1135
00:59:29,400 --> 00:59:31,800
I don't think Bitcoin and 
Satoshi Our God or, you know, 

1136
00:59:32,700 --> 00:59:36,700
I'm not, I'm not in that train, 
you know, Bitcoin is technology 

1137
00:59:36,700 --> 00:59:39,200
and it's wonderful, but I don't 
think it's a God. 

1138
00:59:39,200 --> 00:59:42,500
But yeah, anyway, I guess I have
a couple closing thoughts. 

1139
00:59:42,500 --> 00:59:48,000
I guess it is wrapped so much. 
Yeah. 

1140
00:59:48,100 --> 00:59:50,100
I guess, I guess the first thing
you say, we're talking about 

1141
00:59:50,100 --> 00:59:52,900
absolutes earlier and I think 
something important to say 

1142
00:59:53,300 --> 00:59:55,300
building off of everything, 
we've been saying about human 

1143
00:59:55,300 --> 00:59:57,300
nature and exponential's or 
anything like that. 

1144
00:59:57,700 --> 00:59:59,500
I think one thing that's really 
important I've said in other 

1145
00:59:59,500 --> 01:00:02,200
shows, I don't know if I've said
on this one but I think it's 

1146
01:00:02,200 --> 01:00:06,700
crucial to emphasize that if 
this is correct, it has to get 

1147
01:00:06,700 --> 01:00:08,300
worse. 
Like the current system has to 

1148
01:00:08,300 --> 01:00:14,200
get worse. 
Because again, if we understand 

1149
01:00:14,300 --> 01:00:18,300
the current Global monetary and 
therefore economic system From 

1150
01:00:18,300 --> 01:00:21,400
this lens. 
Well, Jerome, Powell Janet 

1151
01:00:21,400 --> 01:00:25,300
Yellen, you know, all these 
people are essentially gods of 

1152
01:00:25,300 --> 01:00:30,200
these systems of this system and
because they are God's of the 

1153
01:00:30,200 --> 01:00:33,100
system that come out onto their 
altars, you know, their podiums,

1154
01:00:33,100 --> 01:00:34,700
and they declare, if you know 
what's going to change. 

1155
01:00:34,700 --> 01:00:37,200
Now we're going to change the 
values. 

1156
01:00:37,300 --> 01:00:40,000
We're going to change the 
structure of everyone's value or

1157
01:00:40,000 --> 01:00:43,000
you know it's the same thing. 
In the same way that pagan gods 

1158
01:00:43,500 --> 01:00:47,000
of ancient religions are the 
same way that a polytheistic 

1159
01:00:47,000 --> 01:00:49,800
religions are the same way. 
That God of monotheistic, 

1160
01:00:49,800 --> 01:00:52,700
religions comes out, and decrees
rules. 

1161
01:00:52,700 --> 01:00:56,500
It's the same thing that these 
Central Bankers do and because 

1162
01:00:56,500 --> 01:00:59,300
they're human, because these 
positions exist because these 

1163
01:00:59,300 --> 01:01:03,600
altars of sacrifice exist, you 
know, it has to get worse. 

1164
01:01:03,600 --> 01:01:08,800
Money is information. 
And if the money is surviving as

1165
01:01:08,800 --> 01:01:12,400
a function of distortion of 
Truth and Distortion of reality,

1166
01:01:12,400 --> 01:01:16,100
it's like it can't come back to 
reality without collapsing and 

1167
01:01:16,100 --> 01:01:17,900
it can only can continue to 
serve. 

1168
01:01:18,000 --> 01:01:20,800
Survive if it's further devoid 
from reality, so it's like you 

1169
01:01:20,800 --> 01:01:23,500
don't people in. 
This is why I think there's such

1170
01:01:23,500 --> 01:01:26,900
a stark divide between the 
bitcoiners that are like trying 

1171
01:01:26,900 --> 01:01:29,000
to find truth and like, have an 
optimistic view because their 

1172
01:01:29,000 --> 01:01:32,000
time preference is lower, or is 
everyone else's more pessimistic

1173
01:01:32,000 --> 01:01:34,200
the new cycle, so pessimistic 
and so absurd. 

1174
01:01:34,200 --> 01:01:38,500
And ultimates just why is it? 
It's because if you're in this 

1175
01:01:38,500 --> 01:01:42,100
value system where you have a 
monetary component, its 

1176
01:01:42,100 --> 01:01:45,200
surviving with all these human 
gods and all humans are 

1177
01:01:45,200 --> 01:01:47,700
corrupted. 
And this moral sense, I mean, it

1178
01:01:47,700 --> 01:01:50,700
has to It worse, it money to 
information it, survives, the 

1179
01:01:50,700 --> 01:01:52,200
misinformation. 
It has to get worse. 

1180
01:01:52,500 --> 01:01:56,200
The amount of centralization has
to get worse, the wealth 

1181
01:01:56,200 --> 01:01:59,700
inequality, being distorted from
natural wealth distribution that

1182
01:01:59,700 --> 01:02:01,600
has to get worse. 
The political sphere has to get 

1183
01:02:01,600 --> 01:02:04,200
worse. 
You know, it in every, speaking 

1184
01:02:04,200 --> 01:02:07,300
of masks absolutes, if Bitcoin 
survives everything outside of 

1185
01:02:07,300 --> 01:02:09,800
it, has to get worse, for the 
users within it. 

1186
01:02:10,100 --> 01:02:12,800
And within Bitcoin, everything 
is almost certain and I would 

1187
01:02:12,800 --> 01:02:15,800
argue, absolutely has to get 
better because everyone that 

1188
01:02:15,800 --> 01:02:21,200
joins in can only We have wealth
and build within that system if 

1189
01:02:21,200 --> 01:02:24,700
they provide value to other 
people within that system. 

1190
01:02:24,700 --> 01:02:26,400
So it's like it he really has to
get better. 

1191
01:02:27,100 --> 01:02:31,500
So I think it's something really
important to emphasize for folks

1192
01:02:31,500 --> 01:02:35,600
and I think and I get asked a 
lot, why do I put in the work 

1193
01:02:35,600 --> 01:02:38,600
and do all these shows and 
whatever and we were talking 

1194
01:02:38,600 --> 01:02:40,900
about psychology earlier? 
I think It ultimately comes to 

1195
01:02:40,900 --> 01:02:44,900
that this discussion we're 
having which is way out there. 

1196
01:02:46,100 --> 01:02:47,900
I think, I forgot. 
I think was Opti that said, 

1197
01:02:48,100 --> 01:02:51,100
Earlier but basically that human
psychology will eventually catch

1198
01:02:51,100 --> 01:02:54,500
up and it's going to be, you 
know, not a decade whatever and 

1199
01:02:54,500 --> 01:02:58,700
I think my I agree it probably 
won't be super fast but I think 

1200
01:02:58,700 --> 01:03:01,800
one point of at one point to add
there. 

1201
01:03:01,800 --> 01:03:04,400
I think that all three of us 
have probably ever within the 

1202
01:03:04,408 --> 01:03:08,200
Bitcoin space fails to realize 
is that at a certain point, 

1203
01:03:08,200 --> 01:03:11,400
people are going to beginning to
adopt Bitcoin and not even 

1204
01:03:11,400 --> 01:03:13,200
understand why they're adopting 
it. 

1205
01:03:13,500 --> 01:03:16,200
Everyone adopting Bitcoin right 
now is putting in the work and 

1206
01:03:16,200 --> 01:03:17,900
thinking it through and putting 
in time. 

1207
01:03:18,000 --> 01:03:21,800
It's like most people don't 
think and most people are going 

1208
01:03:21,800 --> 01:03:24,100
to adopt this without 
understanding what's happening. 

1209
01:03:24,100 --> 01:03:28,000
And so if we think in our minds 
like wow like me Unicode took 

1210
01:03:28,000 --> 01:03:30,700
you seven years I guess for me 
it took about four years or 

1211
01:03:30,700 --> 01:03:32,000
whatever. 
I don't, how long took you up 

1212
01:03:32,000 --> 01:03:34,500
you but it's like for us it 
takes years you know. 

1213
01:03:34,500 --> 01:03:38,500
So it's like if adoption is to 
double from now into the next 

1214
01:03:38,500 --> 01:03:41,300
iteration of time, you don't say
next four years, you know, 

1215
01:03:41,300 --> 01:03:45,200
that's a lot of intellectual 
thought that takes time for 

1216
01:03:45,200 --> 01:03:51,000
people to adopt in. 
This is why I am so continuously

1217
01:03:51,000 --> 01:03:53,500
emphasizing people to get off 
zero even if they don't like 

1218
01:03:53,500 --> 01:03:57,900
Bitcoin is just because I am 
very confident that if certain 

1219
01:03:57,900 --> 01:04:00,800
point there's going to be a 
Tipping Point where the only 

1220
01:04:00,800 --> 01:04:04,600
remaining people left are those 
people that just follow the herd

1221
01:04:05,000 --> 01:04:07,200
and that's not putting them 
down, that's not saying they're 

1222
01:04:07,200 --> 01:04:11,100
all stupid or whatever else just
saying that the speed is only 

1223
01:04:11,100 --> 01:04:17,900
going to increase and the the 
realization once you have that. 

1224
01:04:18,000 --> 01:04:21,200
Is that basically, it becomes 
obvious that were early because 

1225
01:04:21,200 --> 01:04:23,900
the only people paying attention
right now have to be early just 

1226
01:04:23,900 --> 01:04:26,300
by Game Theory. 
It's like, if you have, you 

1227
01:04:26,300 --> 01:04:29,100
know, oscillating down here and 
then you just have, you know, 

1228
01:04:29,100 --> 01:04:32,400
the hyper J curve or whatever. 
It's like, well, of course, 

1229
01:04:32,400 --> 01:04:35,800
literally everyone in the 
Bitcoin space right now, buying 

1230
01:04:35,800 --> 01:04:40,700
Bitcoin has to be absurdly early
like, just like, in particularly

1231
01:04:41,000 --> 01:04:43,000
early because that's the only 
way it could. 

1232
01:04:43,000 --> 01:04:45,800
Because there's 
before-and-afters befor Mass 

1233
01:04:45,800 --> 01:04:47,900
adoption where the people that 
are following her. 

1234
01:04:48,000 --> 01:04:51,100
Kelly Art here and when they're 
here including the Nation States

1235
01:04:51,100 --> 01:04:52,100
including the Sovereign wealth 
funds. 

1236
01:04:52,100 --> 01:04:56,000
And so, anyway, I think that's 
really important and I guess, I 

1237
01:04:56,000 --> 01:05:00,100
guess one little fun accounting 
thing to one fun, numerical 

1238
01:05:00,100 --> 01:05:02,300
trick in your mind and think 
about the never satoshi's and 

1239
01:05:02,600 --> 01:05:04,700
each block and then divide it by
number of humans. 

1240
01:05:05,100 --> 01:05:09,900
It's, you know, it's it's Quaid 
we're still early. 

1241
01:05:10,200 --> 01:05:14,200
This is yes and it's important 
to emphasize that because, you 

1242
01:05:14,200 --> 01:05:15,800
know, people ask why you have a 
size, it's early. 

1243
01:05:15,900 --> 01:05:19,000
You have to emphasize that 
because if You don't people will

1244
01:05:19,000 --> 01:05:21,200
assume, they're too early 
because we think in linear 

1245
01:05:21,200 --> 01:05:23,500
terms, not exponential terms and
then they'll walk away. 

1246
01:05:23,600 --> 01:05:27,000
And it's like, people have to 
understand that the only people 

1247
01:05:27,000 --> 01:05:30,400
here right now are stupidly 
early and at a certain point, 

1248
01:05:30,400 --> 01:05:33,600
it's like adoption will outpace 
the rate of psychological change

1249
01:05:33,600 --> 01:05:36,600
and then it'll just be done. 
Yep, I love it. 

1250
01:05:36,600 --> 01:05:39,500
And well I want to jump in here.
Want to jump in here. 

1251
01:05:40,200 --> 01:05:43,400
Tied up up T. 
Yeah, I think to the last Point 

1252
01:05:43,400 --> 01:05:47,600
Luke said the like emphasizing 
we're so early is because what 

1253
01:05:47,600 --> 01:05:50,200
didn't Do most people think when
they're like, oh, we're early to

1254
01:05:50,200 --> 01:05:52,700
this, like, oh, I have time, I 
don't have to look into this 

1255
01:05:52,700 --> 01:05:56,100
right now and and, you know, 
like what, what did we do? 

1256
01:05:56,100 --> 01:05:58,400
Well, we probably saw the prize 
pot. 

1257
01:05:58,400 --> 01:06:01,200
I got in Bitcoin, a 10K, I've 
been in Bitcoin if I'm going on 

1258
01:06:01,200 --> 01:06:05,300
my 6 year, I saw jump at 10K and
what did I think? 

1259
01:06:05,400 --> 01:06:09,300
Oh my God, I am late to this. 
How, how can I be late to this, 

1260
01:06:09,400 --> 01:06:13,500
this crazy phenomenon happening?
And I like, basically, I have no

1261
01:06:13,500 --> 01:06:15,400
time. 
Like, I better understand this 

1262
01:06:15,400 --> 01:06:17,700
now or else, you know, I am 
missing. 

1263
01:06:18,000 --> 01:06:20,500
Missing the opportunity of a 
lifetime that I know all that 

1264
01:06:20,500 --> 01:06:23,700
you know in the three seconds 
when I like finally made my 

1265
01:06:23,700 --> 01:06:25,200
decision. 
It's like no but some 

1266
01:06:25,200 --> 01:06:28,400
consciously we know a lot and to
the point that you made before 

1267
01:06:28,400 --> 01:06:32,300
Luke, I've been having the same 
conversation with with some of 

1268
01:06:32,300 --> 01:06:35,100
my friends. 
It's this idea of I really don't

1269
01:06:35,100 --> 01:06:38,900
think that going forward. 
Obviously we've seen this play 

1270
01:06:38,900 --> 01:06:43,200
out recently like the the amount
of bitcoiners toxic Maxi 

1271
01:06:43,200 --> 01:06:47,500
bitcoiners that have became 
Bitcoin or since 2020 on the one

1272
01:06:47,500 --> 01:06:50,600
hand is Kudos to all the 
Bitcoin, only content creators 

1273
01:06:50,600 --> 01:06:53,100
out there. 
But also this idea that like 

1274
01:06:53,300 --> 01:06:56,800
it's never been safer than today
to be holding Bitcoin. 

1275
01:06:56,800 --> 01:07:00,500
And as we move out in time, I 
don't think everyone's going to 

1276
01:07:00,500 --> 01:07:03,200
have to do that. 
You know, hundred the ten 

1277
01:07:03,200 --> 01:07:05,600
thousand plus hours to 
understand Bitcoin. 

1278
01:07:05,800 --> 01:07:07,900
It'll just be like, a ubiquitous
thing. 

1279
01:07:07,900 --> 01:07:10,800
That's a part of society. 
It's like, do people have like 

1280
01:07:10,800 --> 01:07:14,100
two children today? 
Young kids, do they have to 

1281
01:07:14,100 --> 01:07:17,500
study the internet to know that 
they're, you know, connected to 

1282
01:07:17,500 --> 01:07:19,000
their net. 
Flicks like no, they just use 

1283
01:07:19,000 --> 01:07:22,200
the apps and and they're already
on it and it kind of reminds me 

1284
01:07:22,200 --> 01:07:25,800
of something that Beauty on. 
Oh, he says and I know Beauty, a

1285
01:07:25,800 --> 01:07:29,200
beauty on gets a lot of, a lot 
of a lot of hate on Twitter, but

1286
01:07:29,200 --> 01:07:31,100
I absolutely love the way that 
he thinks about it. 

1287
01:07:31,100 --> 01:07:32,400
Not only is he a little older 
than us. 

1288
01:07:32,400 --> 01:07:36,000
He's seen these types of Cycles,
technology Cycles play out. 

1289
01:07:36,000 --> 01:07:41,300
But he always talks about the 
idea of WhatsApp and do the 

1290
01:07:41,500 --> 01:07:43,900
millions or billions of people 
that are using Whatsapp, 

1291
01:07:43,900 --> 01:07:46,900
understand that there that all 
their information, all their 

1292
01:07:46,900 --> 01:07:49,800
Communications is in, Cryptid. 
It's like no, they don't care. 

1293
01:07:49,900 --> 01:07:53,100
They're just using it because 
it's a simple, user experience. 

1294
01:07:53,100 --> 01:07:55,900
All their friends are on it. 
They downloaded, they're able to

1295
01:07:55,900 --> 01:07:58,700
communicate their able to do 
what they know they want to do 

1296
01:07:59,000 --> 01:08:01,800
and I don't think we are 
necessarily there with Bitcoin 

1297
01:08:01,800 --> 01:08:05,200
yet. 
But as we move further in time 

1298
01:08:05,200 --> 01:08:07,000
we're going to get that same 
phenomenon happened. 

1299
01:08:07,000 --> 01:08:09,400
People just download wallets. 
They understand that. 

1300
01:08:09,400 --> 01:08:13,200
It's a normal aspect of society.
They don't have to do the ten 

1301
01:08:13,200 --> 01:08:15,300
thousand plus hours to 
understand Bitcoin. 

1302
01:08:15,500 --> 01:08:17,700
It's just like, oh yeah. 
Bitcoin of course like yeah just

1303
01:08:17,700 --> 01:08:20,000
said, Me some Bitcoin. 
And as we move further out in 

1304
01:08:20,008 --> 01:08:22,700
time, we're going to be the 
crazy ones that people like what

1305
01:08:22,700 --> 01:08:26,100
you spent, how long trying to 
understand Bitcoin, like I just 

1306
01:08:26,100 --> 01:08:27,700
downloaded a wallet. 
Like, what are you talking 

1307
01:08:27,700 --> 01:08:29,100
about? 
It's like, you know, I spent 

1308
01:08:29,100 --> 01:08:31,700
years trying to understand 
Bitcoin and now we're getting to

1309
01:08:31,707 --> 01:08:33,399
this point where that not only 
is the information. 

1310
01:08:33,399 --> 01:08:37,399
So good like the Bitcoin only 
content the the way of spreading

1311
01:08:37,399 --> 01:08:40,800
the message getting that much 
better, we are all refining on 

1312
01:08:40,800 --> 01:08:43,700
the Bitcoin meme, so that people
understand what's going on, but 

1313
01:08:43,700 --> 01:08:46,700
the longer, it goes out, the 
less people have to do research 

1314
01:08:46,700 --> 01:08:50,200
for it, to make sense. 
To them because it is, you know,

1315
01:08:50,200 --> 01:08:52,800
a ubiquitous thing with Society,
you know, Tech Tick-Tock next 

1316
01:08:52,800 --> 01:08:54,500
block like box just keep coming 
in. 

1317
01:08:54,700 --> 01:08:56,899
It's like oh yeah of course. 
Bitcoin isn't going to die. 

1318
01:08:57,000 --> 01:08:59,800
It's been around for 14 years 
and the longer we go out in 

1319
01:08:59,800 --> 01:09:01,300
time. 
Everyone's going to be doing the

1320
01:09:01,308 --> 01:09:03,600
same thing. 
Like, I don't need to study 

1321
01:09:03,600 --> 01:09:05,800
this. 
It's just I download a wallet 

1322
01:09:05,899 --> 01:09:08,399
and it's better than everything 
else that I've ever experienced 

1323
01:09:08,399 --> 01:09:09,399
in my life. 
Exactly. 

1324
01:09:09,399 --> 01:09:12,200
It's just like, oh, scan sin, 
good to go. 

1325
01:09:12,200 --> 01:09:15,600
Oh, this is better than credit 
cards and like, I don't think we

1326
01:09:15,600 --> 01:09:18,000
had that WhatsApp moment yet. 
R. 

1327
01:09:18,100 --> 01:09:21,100
I know, I know we have, you 
know, the, the, the tools, the, 

1328
01:09:21,200 --> 01:09:23,700
the wallets, and all the 
software and Hardware is 

1329
01:09:23,700 --> 01:09:27,100
improving, but I don't think 
we've gotten to that, quote, 

1330
01:09:27,100 --> 01:09:30,100
unquote killer app where 
everyone just downloads, they're

1331
01:09:30,100 --> 01:09:32,899
using whatever, they're using 
lightning quickly there 

1332
01:09:32,899 --> 01:09:37,200
on-boarded in literally a minute
or two without any friction. 

1333
01:09:37,200 --> 01:09:41,800
And once we get to that point 
where privacy is as easy as 

1334
01:09:41,800 --> 01:09:45,899
downloading WhatsApp, I think 
we're still have time where 

1335
01:09:45,899 --> 01:09:48,399
people need to understand, 
people need to research And like

1336
01:09:48,399 --> 01:09:51,300
all of us, we all had to put in 
the work like we all had to put 

1337
01:09:51,300 --> 01:09:53,000
in the hours. 
We all had to watch. 

1338
01:09:53,399 --> 01:09:56,300
I don't know. 
Thousands of podcast and read 

1339
01:09:56,300 --> 01:09:59,700
every article just so that we 
can tinker and understand like 

1340
01:09:59,800 --> 01:10:02,600
oh this is real. 
Like this is something that I 

1341
01:10:02,600 --> 01:10:06,100
can take that leap of faith on, 
but as we move forward in time, 

1342
01:10:06,400 --> 01:10:08,100
I don't think people are going 
to have to do that. 

1343
01:10:08,100 --> 01:10:10,500
And it's like Luke saying 
they're just like that one 

1344
01:10:10,500 --> 01:10:14,600
moment where it's just like 
everywhere and I'm reminded of 

1345
01:10:14,600 --> 01:10:17,300
something that we always talked 
about on Twitter spaces and and 

1346
01:10:17,300 --> 01:10:20,500
shout out to my Boy Brandon, who
kind of brought this up to a to 

1347
01:10:20,500 --> 01:10:23,900
my attention and you know, even 
the salon guys, Cole rewrites, 

1348
01:10:23,900 --> 01:10:26,600
the race to avoid the war and 
the intransigent minority. 

1349
01:10:26,900 --> 01:10:30,800
And the idea is essentially 
bowling this back to another 

1350
01:10:30,800 --> 01:10:33,600
historical moment. 
The founding fathers of the 

1351
01:10:33,600 --> 01:10:37,400
United States was only 3% of 
the, the new American 

1352
01:10:37,400 --> 01:10:40,200
population. 
And yet they give gave all of us

1353
01:10:40,200 --> 01:10:43,200
freedom, and it's the same idea.
It's only going to take three 

1354
01:10:43,200 --> 01:10:47,200
percent of very Ardent 
bitcoiners to inspire the next 

1355
01:10:47,200 --> 01:10:49,000
fifteen. 
And a people and then once you 

1356
01:10:49,000 --> 01:10:53,500
get to that 15 percent or 
whatever the number is, it's not

1357
01:10:53,500 --> 01:10:57,400
the three percent it's that 15% 
it just as a snap of a finger. 

1358
01:10:57,400 --> 01:11:00,800
Everyone is on that Bitcoin 
standard and obviously we're not

1359
01:11:00,800 --> 01:11:03,000
in that Trend intransigent 
minority number yet. 

1360
01:11:03,000 --> 01:11:05,200
We're not at three percent of 
the global population or three 

1361
01:11:05,200 --> 01:11:06,800
percent of the American 
population. 

1362
01:11:07,000 --> 01:11:11,200
But once we get to that 3%, then
it's all of us being Advocates, 

1363
01:11:11,200 --> 01:11:14,600
will inspire the next batch of 
bitcoiners and then once that 

1364
01:11:14,600 --> 01:11:17,300
batch of bitcoiners is all on 
bitcoin. 

1365
01:11:17,800 --> 01:11:20,500
Overnight, we have hit hyper 
Bitcoin ization. 

1366
01:11:20,500 --> 01:11:22,300
So to one of the questions you 
asked me. 

1367
01:11:22,300 --> 01:11:25,800
Could do we need everyone? 
Not yet and will we always? 

1368
01:11:25,800 --> 01:11:28,400
Will we ever get to everyone? 
Who knows? 

1369
01:11:28,400 --> 01:11:30,500
Eventually. 
But like the whole world is not 

1370
01:11:30,500 --> 01:11:33,800
even on the internet. 
Yet you like, we still haven't 

1371
01:11:33,800 --> 01:11:37,400
got to full saturation of the 
global population on the 

1372
01:11:37,400 --> 01:11:39,900
internet. 
And yet, do we think that we're 

1373
01:11:39,900 --> 01:11:42,500
not going to have a world moving
forward without the internet? 

1374
01:11:42,600 --> 01:11:44,500
Like no. 
That's absolutely ridiculous. 

1375
01:11:44,500 --> 01:11:47,200
We figured out a new technology,
we figured out a better way to 

1376
01:11:47,200 --> 01:11:48,900
communicate. 
And you think we're just going 

1377
01:11:48,900 --> 01:11:51,900
to let it die on us? 
Like, no, that's not how this 

1378
01:11:51,900 --> 01:11:54,300
stuff works. 
Once you find a new technology, 

1379
01:11:54,600 --> 01:11:57,800
you make sure that thing last 
and you use it to benefit your 

1380
01:11:57,800 --> 01:11:59,300
life. 
And I think this is where we are

1381
01:11:59,300 --> 01:12:02,000
with Bitcoin. 
Have we gotten to these numbers 

1382
01:12:02,000 --> 01:12:02,800
yet? 
No. 

1383
01:12:02,800 --> 01:12:06,700
But as long as all of us, 
continue making the content 

1384
01:12:06,700 --> 01:12:09,000
continue, trying to educate our 
friends and our family. 

1385
01:12:09,300 --> 01:12:13,300
We will get to that tipping 
point where everyone around us 

1386
01:12:14,000 --> 01:12:16,600
is a Bitcoin and then once we 
get to I think the number is 

1387
01:12:16,600 --> 01:12:21,100
like 15 16 Sent don't hold me on
these numbers but then it's 

1388
01:12:21,100 --> 01:12:23,100
like, hyper bit, quantization 
happened overnight. 

1389
01:12:23,100 --> 01:12:26,000
And again, it's just the idea of
WhatsApp, it's just like, get 

1390
01:12:26,000 --> 01:12:29,300
the tools out there. 
People won't have to understand,

1391
01:12:29,300 --> 01:12:34,800
you know, lightning liquidity 
coin joining and you know, all 

1392
01:12:34,800 --> 01:12:37,800
the stuff we have to understand.
All the have to know is right 

1393
01:12:37,800 --> 01:12:40,700
down your seed. 
Phrase, download a wallet, send 

1394
01:12:40,700 --> 01:12:42,400
Bitcoin. 
Get Bitcoin into everyone's 

1395
01:12:42,400 --> 01:12:44,000
hand. 
And then overnight, it's like, 

1396
01:12:44,100 --> 01:12:46,100
oh, yeah, of course, of course, 
I save in Bitcoin. 

1397
01:12:46,100 --> 01:12:49,500
Like, what are you, what? 
What are you a boomer Bitcoin? 

1398
01:12:49,500 --> 01:12:52,800
Boomer over here. 
Like I think we are just we 

1399
01:12:52,800 --> 01:12:55,900
really are this early to it and 
we really don't understand. 

1400
01:12:55,900 --> 01:12:59,500
Again, full circle, we don't 
understand exponentials and 

1401
01:12:59,500 --> 01:13:02,300
Bitcoin is that exponential 
technology on all the 

1402
01:13:02,300 --> 01:13:05,600
Technologies we have currently. 
And do we know how this is going

1403
01:13:05,600 --> 01:13:08,000
to affect society? 
I don't think we do. 

1404
01:13:08,000 --> 01:13:10,800
I don't even think our most 
bullish takes are going to come 

1405
01:13:10,800 --> 01:13:12,700
close to how good the future 
will be. 

1406
01:13:13,100 --> 01:13:14,600
Oh man. 
Oh man. 

1407
01:13:14,600 --> 01:13:20,700
Well Holy cow, I want to thank 
very special guests today. 

1408
01:13:20,800 --> 01:13:23,000
Luke Broyles. 
Thank you so much for joining us

1409
01:13:23,000 --> 01:13:25,600
on simply Bitcoin IRL. 
Of course, you guys know Opti 

1410
01:13:25,600 --> 01:13:29,500
Opti, thank you, thank you for 
doing some extra work and 

1411
01:13:29,600 --> 01:13:31,700
joining me, and hey, now I had a
blast. 

1412
01:13:31,700 --> 01:13:34,300
I'm super glad this is where the
conversation with. 

1413
01:13:35,000 --> 01:13:38,800
Hey, this is what I like. 
Oh man, it's a Saturday special.

1414
01:13:38,800 --> 01:13:43,800
So we unleashed a little bit. 
We talked about topics that we 

1415
01:13:43,800 --> 01:13:48,100
usually don't bring up just 
because Was another hot-button 

1416
01:13:48,100 --> 01:13:52,400
issues and, you know, we aren't 
we want our messaging to be as 

1417
01:13:52,400 --> 01:13:56,900
inclusive as possible. 
And you know, that's just is 

1418
01:13:56,900 --> 01:14:00,400
what it is. 
These days, Luke, thank you so 

1419
01:14:00,400 --> 01:14:01,900
much for joining us. 
Why do you tell everybody where 

1420
01:14:01,900 --> 01:14:03,200
they can find you on the 
interwebs? 

1421
01:14:04,200 --> 01:14:06,700
Yeah, Twitter Youtube is what 
I'm doing right now. 

1422
01:14:06,700 --> 01:14:08,900
I keep getting requests for all 
these other social medias and 

1423
01:14:08,900 --> 01:14:12,700
I'm trying to expand those, but 
yeah, YouTube and Twitter, it 

1424
01:14:12,700 --> 01:14:16,100
was funny optimization founding 
fathers, I just made like a 

1425
01:14:16,100 --> 01:14:19,000
threat A minute video about 
comparing Boston in the Boston 

1426
01:14:19,000 --> 01:14:22,300
Tea Party new Bitcoins. 
So anyway, yeah YouTube. 

1427
01:14:22,900 --> 01:14:25,800
Yeah, awesome. 
Well man, thank you so much for 

1428
01:14:25,800 --> 01:14:28,900
joining us. 
Like I said, and guys will see 

1429
01:14:28,900 --> 01:14:33,500
you on Monday for another 
episode of Simply Bitcoin live 

1430
01:14:33,500 --> 01:14:35,600
truck. 
Excuse me, 12:15 p.m. 

1431
01:14:35,700 --> 01:14:37,700
Eastern Standard Time. 
You guys later.