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All right. 
Hey, everyone, this is Brom 

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Konstein and you're listening to
Bitcoin for Millennials. 

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Together with my guests on this 
podcast, I go on a journey to 

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discover how our current 
financial system works, why it's

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flawed, and why Bitcoin is the 
most relevant technology that 

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you, my fellow millennials, 
should understand and adopt. 

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In this episode, I'm joined by 
Mickey Koss. 

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He's a Special Operations Forces
veteran and West Point graduate 

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who currently works at the 
Finance Corps of the US Army. 

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After falling deep down the 
rabbit hole of Bitcoin in early 

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2020, he started writing about 
Bitcoin as a proof of work 

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project. 
He currently has published over 

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80 articles on Bitcoin and 
outlets like Forbes, Bitcoin 

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Magazine, and Bitcoin news.com. 
I'm happy that he's here. 

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Welcome man. 
Yeah. 

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Thanks for having me. 
Yeah. 

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Thanks for coming on. 
I, as I told you before like I I

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read some of your articles and I
I think it's really cool that 

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you know like you're in a in a 
normal job serving and alongside

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you're you're setting your foot 
into you know the Bitcoin space 

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which I think is really cool 
especially with your writing. 

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So I thought it would be fun to 
to invite you and and have a jam

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on Bitcoin. 
But I I first wanted to check 

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like which generation do you 
belong to? 

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I guess I'm a millennial was 
born in early 90s. 

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So I think I'm I think I'm kind 
of in the middle or tail end of 

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millennials. 
I think you're on the edge 

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actually like I'd I also it's 
called Bitcoin for millennials 

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but I forgot which which years 
those are. 

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I think, I think you're on the 
tail end actually. 

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Yeah, 96 is is the is the last 
year. 

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So what's your experience of 
helping our generation 

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understand Bitcoin? 
Do you find it as hard as I do 

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sometimes? 
Yeah, I think there's a lot of 

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apathy, right. 
And so you, you know, you had 

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the things in OA like Occupy 
Wall Street, and everyone sort 

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of wants to protest everything, 
but nobody wants to really take 

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action and do anything of a sort
of substance, right? 

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So, you know, you go sit on Wall
Street and you yell about things

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for what, a week or two? 
And then it sort of evaporates 

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and nothing happens. 
Nothing changes but. 

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Bitcoin is a protest, but it's a
peaceful protest because you're 

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just sort of defunding the 
system that you find 

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unconscionable or or corrupt and
and then you're holding your 

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money in a way that can't be 
devalued. 

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And so it's it's beneficial to 
you financially and it also 

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pulls money from the system that
you you claim to despise. 

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Yeah, it's funny right? 
Like what I love about bit about

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Bitcoin and and doing the work 
right. 

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Like you cannot only talk 
anymore you have to walk the 

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walk, right. 
And as you illustrate here, I 

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think Bitcoin is the perfect 
example of actually walking, 

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walking the walk. 
Last week I recorded with with 

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Jeff Booth and I asked him like 
okay, how do you think Bitcoin 

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is going to develop, etc. 
Like what does the future look 

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like? 
And he said, well, the future is

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actually now. 
Like, you can do the thing right

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now, you know, like you can move
away from the broken system that

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we all know is broken. 
Right. 

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And some people are just not 
really ready to accept it yet. 

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But you can do that. 
You can do this now. 

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You don't really have to wait. 
Like there's actually a door to 

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the to the other side. 
So yeah, I love that. 

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I love that you say that too, 
because I, I, I didn't really 

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think about that, about it like 
that before. 

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But it's, I think more because, 
yeah, I've just been in Bitcoin 

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for so long that. 
Yeah, I don't really, yeah think

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like that anymore. 
But I think it's it's really 

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important like I I saw you went 
down the rabbit hole in 2020, 

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like early 2020. 
I think you then got it really 

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quickly to be honest. 
You know, it's taken me years. 

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I think it's a lot of people 
that takes takes longer than 

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than you did. 
Like what what what was that 

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experience like going down that 
rabbit hole? 

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Like can you describe what what 
that means for you? 

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Yeah. 
So it it started out I was I was

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a commander at Fort Hood and one
of my soldiers told me about 

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mining and so I started diving 
in. 

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He he was actually mining 
Ethereum. 

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But none of that stuff made any 
sense to me. 

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But but Bitcoin did. 
And so I I sort of went down the

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rabbit hole pitched my wife was 
like, hey, we should buy a 

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Bitcoin miner. 
She's like, no, what the fuck 

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no. 
So I I went down deeper, dove a 

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little deeper, and I was finally
able to to convince her to let 

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me buy this. 
You know, we bought it together.

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Partners, right. 
Equal partners. 

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It's yeah. 
And so it started as as sort of 

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like this Cool. 
Like, OK, I can buy a computer 

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and just make money from it. 
It's sort of like real estate, 

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but a but a lower entry point. 
And then and then COVID 

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happened. 
Bitcoin crashed from like 8 to 

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3000. 
You know it was it was kind of 

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scary because we had just 
started buying and then the 

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government started passing 
trillion dollar stimulus 

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packages. 
And so I I learned really quick 

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but it but it was sort of it was
sort of like a like a nihilistic

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approach at first almost where 
where I'm like you know like I I

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get Bitcoin and I understand 
that it's going to go up a lot. 

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So if we just ape into it now, 
we can sell it when it goes up 

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10 or 100 X and you know Fast 
forward net worth a couple 

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decades and but but the deeper 
you go, you know, you sort of 

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get that conviction where the 
price doesn't even really matter

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anymore. 
You just need more Bitcoin. 

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And so when when I saw that 
pump, I think it was last week 

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with the ETF fake news, I felt 
sick. 

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You know, I was like, oh, I 
don't have enough. 

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You know you never have enough. 
You're like. 

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Like, everyone's freaking out. 
Like, yeah, Bitcoin is going to 

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win. 
I'm like, no, stop. 

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I need it. 
I need it to, like, stay in this

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range for just a little bit 
longer. 

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I need to reach this goal. 
But it's an interesting 

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dichotomy of I'm right and damn 
or something. 

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Yeah, at the same time. 
Yeah, it is. 

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It's it's like you're happy when
it's going up, but you're also 

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like, shit, I wish I had more. 
But it's it's great because it's

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like it's this self reinforcing,
positive feedback loop of 

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incentives, right? 
And so, so OK, you want to 

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protest the system, you put your
money into Bitcoin, well you're 

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going to make a shit load of 
money if you can hold on to it. 

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And so it's it's beneficial. 
It's a beneficial, productive 

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protest. 
And so when you say like the the

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the first angle was kind of 
nihilistic as in you know number

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go up we get we we we get rich. 
So what what was it that made 

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you like not not see the other 
stuff at that point. 

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So just learning as you go or 
like where there are certain 

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beliefs that that you held on 
to. 

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I mean number go up is still 
important. 

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It's it's, I mean it's the best 
marketing tool we have, right? 

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But I think. 
There's there's two, there's two

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things that come to mind which 
which sort of helped me dive 

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deeper into like societal 
implications and why Bitcoin is 

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so important. 
And so first one I remember 

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vividly is hearing Brandon 
Quidom's pioneer species thesis 

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and how Bitcoin is monetizing 
energy at the source and 

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incentivizing infrastructure 
development in the third world. 

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And so, like, that is super 
cool, right? 

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And and theoretically, you know,
and I've written articles 

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recently where where you have 
Bitcoin miners stepping in in 

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Canada, in the United States to 
revitalize areas of of the Rust 

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Belt where globalization took 
away the manufacturing. 

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So now you have high 
unemployment in areas with too 

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much power. 
And so, you know, those energy 

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companies have to constantly 
raise prices on population that 

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can already barely afford to get
by. 

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Yeah, so it's like societal 
implications like that. 

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And then just just Bitcoin 
fixing everything, right? 

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And so just tying back all of 
the problems to monetary 

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debasement, Greg Foss's bond 
math and debt spiral concept, 

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you know, where it's like, OK, 
well. 

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If if you type it like, how 
often do you think about the 

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Roman Empire, You know what I 
mean? 

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Like that that means where it's 
like, OK, as as the Roman Empire

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debase their currency further 
and further society sort of fell

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apart because you know, you're 
devaluing human time and you're 

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breaking people's realities, 
right? 

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And so, so they can no longer 
sort of predict or plan for the 

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future and and and it just sort 
of destroys the soul of society.

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And if we can't, if we can't 
print money anymore, then then 

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maybe we could preserve that or 
fix that or or at least hold it 

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off for a bit longer. 
I think. 

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I think that's already like a 
pretty deep thing that you went 

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to pretty quickly. 
But I think this is like, 

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especially one of the things 
when you really go down the 

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rabbit hole. 
I loved, like the whole notion 

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of once you see it, you cannot 
Unsee it, right? 

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Like there's no one, I've not 
seen anyone who like saw Bitcoin

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and then was like no, never 
mind. 

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Like this is, this is just not a
thing. 

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But like the route you're 
taking, I also find very 

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interesting especially, you know
I think it's it's safe. 

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Tina Moose who talks about, you 
know, long time preference and 

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short time preference and that 
that's the long time preference 

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is basically stolen from us, 
especially if you combine it 

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with, you know, like all the 
depth in America. 

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If you look at the US debt 
clock, you see that when you are

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born, you already have $100,000 
in depth, which is not something

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you have to pay, but actually 
something that is also stolen 

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from you in a sense, right? 
Like it's it's money taken from 

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the future that that you can no 
longer have. 

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So, so even when you're born now
you will have a task of building

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or getting that that, that, that
value or that wealth back in a 

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sense. 
But you are totally, you know, 

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the system is working against 
you. 

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So that's why a lot of people 
are buying stupid stuff and have

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this short time preference 
basically. 

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And then when he talks about, 
well, when people can actually 

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save their wealth in in time and
space right, they can have this 

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long time preference which 
that's the thesis then. 

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Right. 
Which leads to more prosperity 

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and peace and collaboration and 
freedom and and and all these 

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things is is that what you also 
mean when you talk about this? 

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Yeah, yeah. 
And I mean that really appealed 

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to me at the start. 
So I I I studied economics in in

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college and you know we had a 
little bit of discussion between

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Keynesian and Austrian schools. 
But but it was it was mostly 

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Keynesian right? 
And and they would say, OK, 

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well, risk free interest rate. 
How is it risk free? 

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Because the government could 
default, right? 

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Isn't that a risk? 
And they say, well no, they can 

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just print money. 
And I was kind of like, what the

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fuck are you talking about? 
Risk money. 

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Like, isn't that Isn't that 
like, stealing? 

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Isn't that terrible? 
Like, won't printing money like 

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cause inflation? 
And they're like, now there's 

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too much demand for dollars. 
It'll be fine. 

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We'll never get inflation. 
And it's like. 

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Like, that was kind of the first
crack, right? 

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Like you're going through 
microeconomics and you're doing 

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all these, like, calculus 
calculations with these stupid 

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equations and you're like, OK, I
can do the math. 

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00:11:44,520 --> 00:11:47,120
But like, where the hell do 
these equations even come from? 

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Like, you're just estimating 
things or you're guessing things

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or you're just making things up 
So I can solve a math problem 

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and it it just, so much of it is
just manufactured, right? 

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And that that's that's I find 
difficult that when when people 

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talk about the economy or the 
the beast of inflation and blah 

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00:12:05,520 --> 00:12:09,480
blah, like it's coming from 
something else than another 

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human's mind basically, right. 
Like it's an engineered system 

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and you're and they are also 
yeah discharging the flaws 

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basically you know like if 
something like as you mentioned 

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if you if you ask that then it's
almost like a childish answer 

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right. 
Where in another another day in 

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this study as you mentioned you 
are doing like crazy 

226
00:12:31,400 --> 00:12:35,640
calculations, but this answer to
that very fundamental question 

227
00:12:36,560 --> 00:12:40,280
is over simplistic almost like 
yeah, don't worry about that or 

228
00:12:40,280 --> 00:12:43,720
something, yeah, yeah that's 
also expense, it's so crazy. 

229
00:12:45,480 --> 00:12:48,400
And so, I mean, yeah, sorry. 
Yeah, sorry. 

230
00:12:49,240 --> 00:12:53,920
I guess economics is just, it's 
it's just exercise in logical 

231
00:12:53,920 --> 00:12:55,880
thinking, right. 
But they try to turn it into a 

232
00:12:55,880 --> 00:12:59,520
science, and they use the 
science to justify policies. 

233
00:13:00,240 --> 00:13:03,240
That that sort of empower them 
to make these these God like 

234
00:13:03,240 --> 00:13:06,080
decisions. 
And so in making these God like 

235
00:13:06,080 --> 00:13:09,720
decisions and in devaluing the 
currency, debasing the currency,

236
00:13:10,040 --> 00:13:16,480
you you are devaluing the value 
of human time and effort and you

237
00:13:16,480 --> 00:13:19,640
are lowering everyone's time 
preference to where we you know 

238
00:13:19,640 --> 00:13:21,400
the like. 
The stock market trades off of 

239
00:13:21,400 --> 00:13:23,040
one thing now, right? 
It's like. 

240
00:13:24,160 --> 00:13:26,640
It's like, is the Fed going to 
print more money or not? 

241
00:13:26,640 --> 00:13:29,520
It's it's just it's us all one 
trade because everything has 

242
00:13:29,520 --> 00:13:32,400
become so financialized. 
There's so much moral hazard 

243
00:13:32,400 --> 00:13:36,040
built into the system that it's 
all just one big trade. 

244
00:13:37,440 --> 00:13:39,480
Yeah, and constantly also, 
right? 

245
00:13:39,480 --> 00:13:45,160
Like as you mentioned, like 
every every Fed meeting or every

246
00:13:45,160 --> 00:13:47,120
announcement, every publication 
or whatever. 

247
00:13:47,120 --> 00:13:51,400
Like you have to constantly pay 
attention to what is happening 

248
00:13:51,400 --> 00:13:56,640
with the wealth that you have. 
And I for me that's like very 

249
00:13:56,960 --> 00:13:59,640
feels very risky, right? 
Like I love that. 

250
00:13:59,960 --> 00:14:02,360
I love, I love that thought 
about that. 

251
00:14:02,560 --> 00:14:07,680
I don't know who mentioned that.
I think it's maybe it was Luke 

252
00:14:07,680 --> 00:14:11,600
Broyles, but he said like, OK, 
so you have a job or a venture 

253
00:14:11,600 --> 00:14:16,240
and you take risk, right? 
Because you choose to do that 

254
00:14:16,240 --> 00:14:19,680
job or that venture, but then 
when you're home your life is 

255
00:14:19,680 --> 00:14:23,040
still influenced by people you 
don't know and they're basically

256
00:14:23,040 --> 00:14:28,840
forcing you to take more risk to
mitigate the rules and and the 

257
00:14:28,840 --> 00:14:31,320
decisions that that they 
basically make, right. 

258
00:14:31,320 --> 00:14:36,680
So it's actually very life in 
general is made more risky and 

259
00:14:36,680 --> 00:14:41,160
that's why I personally am into 
Bitcoin because I don't like 

260
00:14:41,160 --> 00:14:44,600
taking that risk right. 
Like I see Bitcoin as a non risk

261
00:14:45,280 --> 00:14:50,560
solution to at least trying to 
protect my wealth, right? 

262
00:14:50,560 --> 00:14:53,720
And I think a lot of people are 
not aware of the fact that they 

263
00:14:53,720 --> 00:14:57,120
are a risk manager next to their
job or venture basically. 

264
00:14:57,800 --> 00:15:01,120
Yeah. 
So the constant devaluation of 

265
00:15:01,120 --> 00:15:04,920
money makes everyone have to 
sort of turn into a part time. 

266
00:15:06,640 --> 00:15:10,600
Professional investor in order 
to just protect themselves and 

267
00:15:10,600 --> 00:15:12,320
and be able to live their lives,
right. 

268
00:15:12,320 --> 00:15:17,520
And so I save in Bitcoin because
I'm lazy and risk averse. 

269
00:15:17,880 --> 00:15:21,840
I don't, I don't want to save my
money in in a bunch of stuff 

270
00:15:21,840 --> 00:15:25,080
with with all this, you know, 
counterparty risk and and 

271
00:15:25,360 --> 00:15:28,680
debasement, it's like, OK you 
invest in this company, the Fed 

272
00:15:28,680 --> 00:15:32,040
decides to hike interest rates 
300% and then the company's out 

273
00:15:32,040 --> 00:15:33,360
of business. 
You know what I mean? 

274
00:15:33,720 --> 00:15:35,400
Yeah. 
And so they, they, these 

275
00:15:35,400 --> 00:15:38,640
companies can't even plan, you 
know, several years in advance 

276
00:15:38,640 --> 00:15:41,200
because they have no idea where 
interest rates are going to be. 

277
00:15:41,960 --> 00:15:44,320
Yeah. 
So when you say I'm, I'm lazy 

278
00:15:44,320 --> 00:15:46,880
and I don't want to take that 
risk, like, I have the same. 

279
00:15:46,880 --> 00:15:49,520
And then I immediately think, 
like, this should be perfect for

280
00:15:50,160 --> 00:15:53,000
any human, right? 
Because humans are lazy. 

281
00:15:53,000 --> 00:15:57,560
But I think nowadays it's kind 
of like, I'm lazy but I also 

282
00:15:57,560 --> 00:15:59,880
want to become rich quickly, 
right. 

283
00:16:00,800 --> 00:16:05,880
And and so that's kind of how 
our society is now now shaped. 

284
00:16:05,880 --> 00:16:11,000
I think people have the wrong I 
yeah, the wrong beliefs about 

285
00:16:11,000 --> 00:16:12,560
money. 
Like how, how do you see that? 

286
00:16:12,560 --> 00:16:15,440
Like how how those beliefs 
shape, shape the current 

287
00:16:15,440 --> 00:16:19,560
society. 
Yeah, I think it ties back into 

288
00:16:19,560 --> 00:16:22,880
that currency debasement, right.
And so I mean one of the reasons

289
00:16:22,880 --> 00:16:26,160
why people are so into crypto 
and is like the same reason so 

290
00:16:26,160 --> 00:16:29,520
many people buy lottery tickets 
and and gamble right is. 

291
00:16:31,040 --> 00:16:35,400
Is is everyone is struggling and
and it's becoming harder and 

292
00:16:35,400 --> 00:16:39,480
harder for the government and 
and and institutions to hide the

293
00:16:39,480 --> 00:16:42,760
fact that that inflation is sort
of running away from us right. 

294
00:16:43,200 --> 00:16:46,560
The currency debasement has has 
gone too far but they're going 

295
00:16:46,560 --> 00:16:49,520
to have to take it even further 
And so people are feeling the 

296
00:16:49,520 --> 00:16:54,280
pain and and and they're not 
really sure why or what's going 

297
00:16:54,280 --> 00:16:57,920
on but it's causing this sort of
societal. 

298
00:16:58,840 --> 00:17:01,200
Nihilism. 
I guess that that attracts 

299
00:17:01,200 --> 00:17:04,800
people into these get get rich 
quick schemes like like crypto, 

300
00:17:04,800 --> 00:17:07,640
like gambling and like like 
lottery tickets. 

301
00:17:07,839 --> 00:17:11,680
And because I I think a lot of 
people feel helpless. 

302
00:17:11,680 --> 00:17:15,119
You know, they've like I, I I 
know some people that have saved

303
00:17:15,119 --> 00:17:18,599
for years to try to get a house.
But you know fed prints, money, 

304
00:17:18,599 --> 00:17:21,560
house prices go up 30%. 
It's like wait, what are you 

305
00:17:21,560 --> 00:17:23,599
supposed to do? 
You know your savings are 

306
00:17:23,599 --> 00:17:26,520
getting devalued. 
Every couple years in these, in 

307
00:17:26,520 --> 00:17:29,360
these accelerating cycles of 
currency debasement. 

308
00:17:30,600 --> 00:17:33,200
Yeah. 
And So what for you like, like 

309
00:17:34,120 --> 00:17:37,200
what I like when I talk to bit 
corners, like you instantly kind

310
00:17:37,200 --> 00:17:41,160
of touch up on all these 
different dimensions that you 

311
00:17:41,160 --> 00:17:44,920
obviously come across, right 
when you go down, go down the 

312
00:17:44,920 --> 00:17:47,520
rabbit hole. 
What was like the thing that 

313
00:17:47,520 --> 00:17:51,600
actually made you see it? 
Like what dimension for you was 

314
00:17:51,600 --> 00:17:55,720
like, OK, you know you started 
obviously with with the mining, 

315
00:17:56,120 --> 00:17:59,680
was it then the money printing 
in in COVID when where you 

316
00:17:59,680 --> 00:18:06,720
really saw it? 
Yeah, I I think it was a 

317
00:18:06,720 --> 00:18:11,080
combination of of like the COVID
restrictions and in the money 

318
00:18:11,080 --> 00:18:17,640
printing simultaneously where 
you know blanket decision was 

319
00:18:17,640 --> 00:18:22,240
you know economies, businesses 
were destroyed across the entire

320
00:18:22,240 --> 00:18:25,840
world. 
And the government just printed 

321
00:18:25,840 --> 00:18:30,280
money to to sort of stem the 
bleeding, you know what I mean? 

322
00:18:30,280 --> 00:18:32,760
But but not everybody made it 
out, OK. 

323
00:18:32,760 --> 00:18:35,600
And so we were in sort of like 
this, this quasi Great 

324
00:18:35,600 --> 00:18:38,720
Depression scenario, but the 
stock market is is just 

325
00:18:38,720 --> 00:18:42,320
screaming hot and it's just 
because of the money printing. 

326
00:18:42,800 --> 00:18:48,360
And so that that happened not 
not that long after I got into 

327
00:18:48,360 --> 00:18:50,920
it and it really just sort of 
solidified. 

328
00:18:51,680 --> 00:18:57,800
My conviction in Bitcoin and and
sort of precipitated this this 

329
00:18:57,800 --> 00:19:03,160
shift in perspective from 
Bitcoin being like the get rich 

330
00:19:03,160 --> 00:19:08,200
quick scheme like I like I had 
kind of initially characterized 

331
00:19:08,200 --> 00:19:16,360
it at but but to a not get poor 
slowly scheme and so do you see 

332
00:19:16,360 --> 00:19:22,720
Bitcoin as as a technology just 
technology are also it's like 

333
00:19:23,000 --> 00:19:28,000
like a philosophy you know like 
I I like the idea of well kind 

334
00:19:28,000 --> 00:19:30,960
of the contradiction of what we 
just mentioned like if you're 

335
00:19:30,960 --> 00:19:34,840
lazy you should actually Bitcoin
but it's not a get rich quick 

336
00:19:34,840 --> 00:19:39,200
thing you like you have it's 
very challenging right and you 

337
00:19:39,360 --> 00:19:43,080
challenge your personal beliefs 
and your time preference and all

338
00:19:43,080 --> 00:19:45,440
these things. 
So how how do you see it? 

339
00:19:45,440 --> 00:19:49,360
Like as a technology or also 
also like that philosophical 

340
00:19:49,720 --> 00:19:52,240
part? 
I I think it's sort of the merge

341
00:19:52,240 --> 00:19:55,400
of both, right? 
If if you only view Bitcoin as a

342
00:19:55,400 --> 00:19:58,120
technology, you're missing the 
point entirely. 

343
00:19:58,440 --> 00:20:02,560
I, you know, I had AI had this 
wealth manager in Canada reach 

344
00:20:02,560 --> 00:20:06,040
out to me who who wanted to talk
about Bitcoin and he was going 

345
00:20:06,040 --> 00:20:08,520
to, you know, pay me to do some 
consulting with them. 

346
00:20:08,520 --> 00:20:12,920
But when I got on the phone, he 
wanted to talk about, you know. 

347
00:20:13,680 --> 00:20:19,000
Blockchain logistics with like 
you know, globally shipping 

348
00:20:19,000 --> 00:20:23,040
industries and stuff. 
And I'm like, dude, you are so 

349
00:20:23,040 --> 00:20:25,840
far off, like you don't even 
understand. 

350
00:20:26,240 --> 00:20:30,240
And so like the the technology 
is, is just a piece of it, 

351
00:20:30,240 --> 00:20:32,520
right? 
The technology is not new but 

352
00:20:32,520 --> 00:20:34,960
the combination of the 
technologies that make up 

353
00:20:34,960 --> 00:20:37,000
Bitcoin is what makes it strong,
right? 

354
00:20:38,800 --> 00:20:43,520
At the same time is is yes, it 
it is a philosophy as well of of

355
00:20:43,800 --> 00:20:47,840
you know upholding individual 
rights and freedoms and and 

356
00:20:48,000 --> 00:20:55,440
making sure that individual 
value is is sort of preserved in

357
00:20:55,440 --> 00:21:00,360
the face of growing global 
authoritarianism and and 

358
00:21:01,400 --> 00:21:05,320
increasingly volatile monetary 
policies. 

359
00:21:05,400 --> 00:21:09,760
And I I guess you can't in in my
view is is you can't, you can't 

360
00:21:09,760 --> 00:21:13,880
take Bitcoin as just a 
technology. 

361
00:21:13,960 --> 00:21:17,320
But you I think I think to like 
truly grasp it you need to dive 

362
00:21:17,320 --> 00:21:19,320
into the philosophical side as 
well. 

363
00:21:19,320 --> 00:21:23,360
Because if if you don't 
understand why printing money is

364
00:21:23,360 --> 00:21:29,360
is sort of immoral, then then 
you're never truly going to 

365
00:21:29,360 --> 00:21:32,560
grasp Bitcoin. 
Yeah. 

366
00:21:34,440 --> 00:21:37,720
I think that's also like one of 
the things that I encounter a 

367
00:21:37,720 --> 00:21:43,120
lot that just that one thing you
just said about, you know, 

368
00:21:43,120 --> 00:21:51,480
printing money is immoral and 
changes a lot, changes your 

369
00:21:51,480 --> 00:21:55,320
situation, even while you're 
doing the right thing or you're 

370
00:21:55,320 --> 00:21:58,240
saving for a house, etcetera. 
You know you're still confronted

371
00:21:58,240 --> 00:22:04,080
with these with this external. 
How do you say that, like 

372
00:22:04,280 --> 00:22:09,200
external influence into your 
life that, well will never stop.

373
00:22:09,200 --> 00:22:12,000
We'll always be there. 
But you have never thought about

374
00:22:12,000 --> 00:22:15,880
it, right? 
What What does that say about 

375
00:22:15,880 --> 00:22:19,480
the concept of trust? 
You know, I I love how Bitcoin 

376
00:22:19,480 --> 00:22:24,480
is super transparent. 
And you know, as I said before, 

377
00:22:24,480 --> 00:22:27,360
like you have to walk the walk. 
You cannot just talk. 

378
00:22:27,360 --> 00:22:29,480
You have to walk. 
You have to walk the talk. 

379
00:22:30,760 --> 00:22:33,600
What does it say about our 
current concept of trust if 

380
00:22:33,600 --> 00:22:40,400
people are not even shocked by 
the morality of of this money 

381
00:22:40,400 --> 00:22:43,520
printing? 
I mean, I I think, I think 

382
00:22:43,520 --> 00:22:46,480
they've just been conditioned to
accept it. 

383
00:22:47,240 --> 00:22:48,920
They don't. 
They don't really think about 

384
00:22:48,920 --> 00:22:52,400
it. 
And so I I I do think it's 

385
00:22:52,400 --> 00:22:55,080
gotten to the point where a lot 
of people are starting to wake 

386
00:22:55,080 --> 00:22:59,640
up because, you know, everyone 
feels like something's wrong and

387
00:22:59,640 --> 00:23:01,600
they can't really put their 
finger on it. 

388
00:23:01,640 --> 00:23:05,200
You know you see those pictures 
or not pictures, But but if you 

389
00:23:05,200 --> 00:23:08,960
see videos from like TikTok on 
Twitter pretty frequently. 

390
00:23:08,960 --> 00:23:10,440
The groceries and stuff. 
Yeah. 

391
00:23:10,680 --> 00:23:13,480
Yeah, like the groceries, you 
know, the women crying, like, I 

392
00:23:13,480 --> 00:23:15,840
can't afford rent. 
I can't afford this. 

393
00:23:15,840 --> 00:23:18,040
Like, how am I? 
I, you know, I live. 

394
00:23:18,080 --> 00:23:20,160
I can't afford to live in the 
city I work in. 

395
00:23:20,160 --> 00:23:23,640
So my I commute for three hours 
a day and I have no life. 

396
00:23:24,320 --> 00:23:29,880
You know it's it's just it's 
it's the cantillion effect. 

397
00:23:29,880 --> 00:23:32,240
It's inflation. 
It's it's the money printing, 

398
00:23:32,240 --> 00:23:35,440
you know and it's just it's 
devaluing everything and and 

399
00:23:35,440 --> 00:23:39,240
people are are I think they're 
starting to wake up to it but 

400
00:23:39,240 --> 00:23:41,120
but a lot of people are still 
resistant. 

401
00:23:44,160 --> 00:23:48,040
Yeah, I find it. 
There's so, so many paradoxes 

402
00:23:48,040 --> 00:23:54,520
right in the current state where
this is also kind of laziness in

403
00:23:54,520 --> 00:23:57,120
a sense, right? 
Where you think like. 

404
00:23:57,720 --> 00:24:00,360
And and also if I speak for 
myself, like I've said this 

405
00:24:00,360 --> 00:24:04,200
multiple times on this podcast, 
like I I think as a millennial 

406
00:24:04,200 --> 00:24:08,360
in the Western world, I think we
grew up in the best time to ever

407
00:24:08,360 --> 00:24:11,600
grow up from any person, whoever
lived, right. 

408
00:24:11,640 --> 00:24:14,680
And things were just there. 
They were done for you. 

409
00:24:15,360 --> 00:24:17,960
Everything always worked. 
Electricity, water, housing, 

410
00:24:17,960 --> 00:24:21,120
like all all these things. 
Like they're the whole concept 

411
00:24:21,120 --> 00:24:26,000
of no one is coming to save you.
We didn't really learn, at least

412
00:24:26,000 --> 00:24:30,960
if I talk for myself, right? 
And so I think it's the video 

413
00:24:30,960 --> 00:24:33,600
you talked about about the 
commuting, Is that is that the 

414
00:24:33,600 --> 00:24:36,720
one that went like viral today 
where the girl talks about, you 

415
00:24:36,720 --> 00:24:38,600
know, this nine to five, I 
cannot do it. 

416
00:24:38,600 --> 00:24:41,440
I don't know if you saw that one
today, but it's like she says 

417
00:24:41,440 --> 00:24:44,160
the exact same thing, like I 
commute for 90 minutes because I

418
00:24:44,160 --> 00:24:46,080
cannot afford to live in the 
city, etc. 

419
00:24:46,080 --> 00:24:49,400
And you know. 
You almost see that realization 

420
00:24:49,400 --> 00:24:51,880
of them like, this is not 
arranged for me. 

421
00:24:52,160 --> 00:24:57,400
I have AI have a very big, I 
have a very big problem. 

422
00:24:57,400 --> 00:25:00,800
And I kind of recognized that 
laziness in there. 

423
00:25:00,800 --> 00:25:04,480
Not it's not laziness on 
purpose, but it's just kind of, 

424
00:25:05,520 --> 00:25:09,240
yeah, it's being unaware almost 
right. 

425
00:25:10,000 --> 00:25:12,600
I I actually also saw a video 
today of a woman who was like 

426
00:25:12,600 --> 00:25:16,040
protesting and talking about. 
I also cannot find a house and I

427
00:25:16,040 --> 00:25:17,560
have like study depth and blah 
blah. 

428
00:25:17,560 --> 00:25:21,200
And then there was this guy on 
TikTok who then went to her 

429
00:25:21,200 --> 00:25:26,840
Instagram and then she just went
to Bali and like another place 

430
00:25:26,840 --> 00:25:30,720
and taking photos for likes on 
Instagram etcetera. 

431
00:25:30,720 --> 00:25:32,680
So like what? 
Like what do you want? 

432
00:25:32,760 --> 00:25:35,520
You know, do you have a problem 
or not? 

433
00:25:35,520 --> 00:25:38,320
Like you cannot consume on one 
side and then complain on the 

434
00:25:38,320 --> 00:25:39,160
other side. 
Right. 

435
00:25:39,160 --> 00:25:43,160
And I. 
It's not really a question in 

436
00:25:43,160 --> 00:25:44,680
there. 
It's like more reflection of 

437
00:25:44,680 --> 00:25:48,560
where it's so confusing. 
It's so paradoxical. 

438
00:25:50,920 --> 00:25:56,160
Yeah, How people operate right 
now, if I've heard millennials 

439
00:25:56,200 --> 00:26:00,960
value experience experiences 
more than a lot of things. 

440
00:26:00,960 --> 00:26:08,160
And so I I I think deep down. 
A lot of millennials are deeply 

441
00:26:08,160 --> 00:26:14,280
nihilistic and so they they 
spend money on on experiences 

442
00:26:14,280 --> 00:26:19,280
like travel and stuff like that 
while they're young because they

443
00:26:19,280 --> 00:26:22,320
figure if they save and invest 
it's not going to matter 

444
00:26:22,320 --> 00:26:24,880
anyways. 
You know like we you always hear

445
00:26:24,880 --> 00:26:27,480
it's Social Security in the 
United States is going to run 

446
00:26:27,480 --> 00:26:31,720
out by like well before you know
we get to retire. 

447
00:26:31,760 --> 00:26:35,960
And so I I think there's just 
like this, this societal malaise

448
00:26:36,000 --> 00:26:40,880
built in where where people are 
just, they've gotten to the 

449
00:26:40,880 --> 00:26:44,680
point where they they don't even
care to try anymore to a certain

450
00:26:44,680 --> 00:26:48,760
extent because because things 
have gotten so difficult for 

451
00:26:48,760 --> 00:26:52,160
them. 
Yeah, but if we don't take the 

452
00:26:52,680 --> 00:26:55,960
take the leap to Bitcoin, right?
If we talk about Bitcoin for 

453
00:26:55,960 --> 00:26:59,080
millennials, we want to help 
them discover Bitcoin and adopt 

454
00:26:59,080 --> 00:27:05,320
it. 
There is a certain part into 

455
00:27:05,320 --> 00:27:09,960
being into Bitcoin that that. 
Is about the self custody, is 

456
00:27:09,960 --> 00:27:15,360
about autonomy, is about taking 
care of what you own, not using 

457
00:27:15,360 --> 00:27:19,840
a third party to do that for 
you, right. 

458
00:27:20,600 --> 00:27:25,200
I try to Orange Bill. 
My friends from time to time, 

459
00:27:25,200 --> 00:27:28,920
you know like then I throw 
Bitcoin in again and I I asked 

460
00:27:28,920 --> 00:27:31,760
them questions like OK, if you 
want to get 100K from the bank 

461
00:27:31,760 --> 00:27:33,960
cash, do you think that's 
possible And then they say, well

462
00:27:33,960 --> 00:27:36,720
probably not today but maybe in 
two days, but it's fine, it's 

463
00:27:36,720 --> 00:27:38,880
just a nuisance, right? 
Like they don't really see it as

464
00:27:38,920 --> 00:27:41,440
a as a problem. 
Where I say, well my point is 

465
00:27:41,440 --> 00:27:43,680
that there's some you know 
there's a third party between 

466
00:27:43,680 --> 00:27:46,560
you and and that and that what 
you own but they don't really 

467
00:27:46,560 --> 00:27:48,400
see that as a problem. 
They think it's all good. 

468
00:27:48,400 --> 00:27:51,320
Like how how, how would you 
approach? 

469
00:27:52,800 --> 00:27:56,080
I just want to say teaching 
people about that autonomy part,

470
00:27:56,080 --> 00:28:01,960
like you have to be autonomous 
and and to become sovereign to 

471
00:28:01,960 --> 00:28:05,080
actually have more freedom, 
right and and more choices. 

472
00:28:05,080 --> 00:28:06,600
What's your what's your thought 
on that? 

473
00:28:10,640 --> 00:28:13,560
It's it's hard. 
It's hard to orange peel people 

474
00:28:15,640 --> 00:28:20,040
who don't care about, you know 
like this subject you're talking

475
00:28:20,040 --> 00:28:22,120
to right. 
And so if I mean if they don't 

476
00:28:22,120 --> 00:28:26,760
care about autonomy it it's hard
to sort of orange pillow using 

477
00:28:26,760 --> 00:28:32,400
the autonomy thing I guess. 
I guess I'm not really sure how 

478
00:28:32,400 --> 00:28:35,120
to answer this you know it's 
like some people don't care like

479
00:28:35,120 --> 00:28:38,360
my sister doesn't not give a 
shit about self custody right. 

480
00:28:38,360 --> 00:28:43,320
But she has a little bit of GBTC
so it's like is that is that is 

481
00:28:43,320 --> 00:28:45,560
anything better than nothing 
right. 

482
00:28:45,680 --> 00:28:51,480
And so if if someone really 
doesn't give a shit about the 

483
00:28:51,480 --> 00:28:54,200
self custody piece, maybe try 
something like, you know maybe 

484
00:28:54,200 --> 00:28:57,440
they care about the environment 
and you're like OK, well these 

485
00:28:57,440 --> 00:29:00,920
miners are you know mitigating 
methane all over the world. 

486
00:29:01,440 --> 00:29:05,600
They're sort of developing, you 
know energy in Africa and South 

487
00:29:05,600 --> 00:29:08,080
America and like hydropower 
stuff like that. 

488
00:29:08,080 --> 00:29:11,760
I guess there's no there's no 
like 1 surefire way to orange 

489
00:29:11,760 --> 00:29:14,240
pill somebody. 
I I don't even really try 

490
00:29:14,240 --> 00:29:16,520
anymore. 
I I just sort of let them know 

491
00:29:17,360 --> 00:29:20,120
they don't like the Bitcoin dude
and then you know, whatever sort

492
00:29:20,120 --> 00:29:23,160
of context that they want to ask
questions in, I can help guide 

493
00:29:23,160 --> 00:29:27,840
them. 
Yeah, yeah, I I think I'm the 

494
00:29:27,840 --> 00:29:30,760
same currently. 
Like as I mentioned, I just try 

495
00:29:30,760 --> 00:29:35,520
again right from time to time. 
But I kind of gave up in some 

496
00:29:35,520 --> 00:29:38,040
way. 
Maybe they call when it's 100K 

497
00:29:38,040 --> 00:29:40,920
and they'll be like, OK, what 
is, what is this thing? 

498
00:29:40,920 --> 00:29:45,240
Maybe I need to get in, But 
yeah, for me that's also been. 

499
00:29:47,120 --> 00:29:48,760
Kind of the struggle also along 
the way. 

500
00:29:48,760 --> 00:29:51,120
Like, I like, I love these 
people, right? 

501
00:29:51,120 --> 00:29:55,360
Like I want to tell them what 
I've discovered and what I've 

502
00:29:55,360 --> 00:29:58,360
learned and what I cannot 
unlearn anymore and what I hope 

503
00:29:58,360 --> 00:30:01,080
for them as well. 
But yeah, I I fully agree. 

504
00:30:01,080 --> 00:30:07,320
Like they have to be open to it 
on one of the dimensions, right?

505
00:30:07,320 --> 00:30:11,120
To actually just pull a thread 
and then just, you know, start 

506
00:30:11,120 --> 00:30:13,840
going down their own, their own 
rabbit hole in a sense. 

507
00:30:14,160 --> 00:30:16,920
So who? 
And I also want to ask you like 

508
00:30:16,920 --> 00:30:20,160
because of course you also have 
like an economics background and

509
00:30:20,440 --> 00:30:23,880
you learned more about the the 
Keynesian part and the other 

510
00:30:23,880 --> 00:30:29,080
part like who who or what has 
been most influential to in in 

511
00:30:29,080 --> 00:30:33,400
in like shaping your views on 
money and risk and and wealth. 

512
00:30:37,200 --> 00:30:41,000
I would, I would say Greg Foss 
and Preston Pitch. 

513
00:30:41,120 --> 00:30:44,640
I listen well I guess Greg 
doesn't have his own podcast but

514
00:30:44,640 --> 00:30:47,520
I've I've probably listened to 
everything Greg's been on and 

515
00:30:47,520 --> 00:30:51,760
then Preston Pitch with you know
like the macro analysis it might

516
00:30:51,760 --> 00:30:57,000
go over some people's heads but 
I but I find I find his his I 

517
00:30:57,000 --> 00:31:02,040
guess quantitative analysis with
with you know sovereign debt and

518
00:31:02,080 --> 00:31:08,080
end markets really appealing. 
And then I guess on the on the 

519
00:31:08,080 --> 00:31:12,400
philosophical side, I've I've 
listened to most of Robert 

520
00:31:12,560 --> 00:31:16,480
Breedlove stuff and so like 
those I think, I think that's a 

521
00:31:16,480 --> 00:31:20,520
really interesting way to to 
recontextualize money in a in a 

522
00:31:20,520 --> 00:31:25,760
philosophical way. 
Yeah, the same people for me 

523
00:31:25,760 --> 00:31:29,040
actually mostly mostly Greg, 
like I I do not have an 

524
00:31:29,280 --> 00:31:31,520
economics background or a 
finance background. 

525
00:31:32,440 --> 00:31:35,160
Actually hope to get Craig on 
the on the part we've been D 

526
00:31:35,160 --> 00:31:39,480
Ming so it would be would be fun
like his energy is crazy but I 

527
00:31:39,480 --> 00:31:44,080
like I don't have that 
background and he and I think 

528
00:31:44,080 --> 00:31:47,320
it's only like maybe 4 podcasts 
or something where he's been in 

529
00:31:47,320 --> 00:31:51,040
like he really triggered me to 
like go deeper down that 

530
00:31:51,680 --> 00:31:54,720
dimension basically right. 
Like, I never learned anything 

531
00:31:54,720 --> 00:31:56,480
about it. 
And and just like the past three

532
00:31:56,480 --> 00:32:00,880
years I've been going down that 
rabbit hole and it's just 

533
00:32:00,880 --> 00:32:05,080
really. 
Inspiring, I think also because 

534
00:32:05,080 --> 00:32:09,360
he's a bit older, like not old, 
but a bit older than than than 

535
00:32:09,360 --> 00:32:11,200
us. 
And I think even the general 

536
00:32:11,200 --> 00:32:15,440
like Bitcoin crowd and I think 
it's really cool to see that he 

537
00:32:15,440 --> 00:32:18,720
spent like 3035 years in 
traditional finance. 

538
00:32:19,360 --> 00:32:24,160
And really turned his entire 
head around, right, like a 180. 

539
00:32:24,160 --> 00:32:26,840
And he understands where it's 
coming and where he's coming 

540
00:32:26,840 --> 00:32:29,000
from, like what the problems are
and all these things. 

541
00:32:29,000 --> 00:32:30,960
And he now also sees the 
solution. 

542
00:32:30,960 --> 00:32:35,280
So for me, that's also very 
admirable in a sense, right, 

543
00:32:35,280 --> 00:32:41,080
Because it's really, it's really
difficult to to drop beliefs 

544
00:32:41,200 --> 00:32:44,600
that you think you have or or 
drop the things that that you 

545
00:32:44,640 --> 00:32:47,320
thought you learned. 
And then really like going to 

546
00:32:47,320 --> 00:32:48,960
the opposite direction. 
So yeah, cool. 

547
00:32:48,960 --> 00:32:51,680
You mentioned Greg Foss, like, I
I love him too. 

548
00:32:52,080 --> 00:32:57,320
So and because you do again have
this background, like do you do 

549
00:32:57,320 --> 00:33:00,200
when you think about like how 
Bitcoin could change society and

550
00:33:00,200 --> 00:33:05,080
stuff like that I I I think a 
lot about like the current state

551
00:33:05,080 --> 00:33:09,600
of like finance and stuff like 
do you think capitalism is is 

552
00:33:09,600 --> 00:33:13,240
like the most most ethical 
system we could follow? 

553
00:33:15,240 --> 00:33:20,160
Or and like where we are now, Is
that like the bad part of 

554
00:33:20,160 --> 00:33:22,880
capitalism or is it totally not 
related? 

555
00:33:24,080 --> 00:33:25,760
No, I don't. 
I don't think we're in a 

556
00:33:25,760 --> 00:33:32,480
capitalist society right now. 
It's like, no, I don't want to 

557
00:33:32,480 --> 00:33:36,880
say this out loud. 
So I I think I think capitalism 

558
00:33:36,880 --> 00:33:44,960
is how do I say this is is is 
the most moral system. 

559
00:33:46,640 --> 00:33:49,560
Ayn Ayn Rand. 
So she wrote Atlas Shrugged and 

560
00:33:49,760 --> 00:33:53,760
a bunch of other stuff but she I
think she does a really good job

561
00:33:53,760 --> 00:34:01,560
of of articulating like why 
capitalism is a is a moral is a 

562
00:34:01,560 --> 00:34:06,240
moral system and it's just 
everybody is pursuing their own 

563
00:34:06,240 --> 00:34:10,560
self-interest and and in a in a 
collective society, collectivist

564
00:34:10,560 --> 00:34:14,120
society you know people people 
like to talk about greed and 

565
00:34:14,120 --> 00:34:17,440
self-interest being a bad thing.
But if if the markets were 

566
00:34:17,440 --> 00:34:20,360
completely free and everybody is
is pursuing their own 

567
00:34:20,360 --> 00:34:24,920
self-interest you know it it it 
makes society better that's 

568
00:34:24,920 --> 00:34:29,440
that's what built America from 
you know this like backwoods you

569
00:34:29,440 --> 00:34:34,080
know pioneers fighting Indians 
and in the West to to an 

570
00:34:34,080 --> 00:34:37,639
economic powerhouse right. 
It was capitalism in it. 

571
00:34:37,639 --> 00:34:43,120
Capitalism is is sort of, I mean
not not everything's going to be

572
00:34:43,120 --> 00:34:46,520
equal, right? 
But but a rising tide lifts all,

573
00:34:46,520 --> 00:34:50,360
all ships. 
And so there's there's there's 

574
00:34:50,360 --> 00:34:53,480
room and capitalism to take care
of the less fortunate through 

575
00:34:53,480 --> 00:34:55,120
through, you know, charities and
stuff. 

576
00:34:55,800 --> 00:34:58,720
But if you think about it, like,
why do people give to charities 

577
00:34:59,680 --> 00:35:04,440
right now it's, you know, maybe 
a little bit because it makes 

578
00:35:04,440 --> 00:35:06,440
them feel good. 
Well, does that mean they're 

579
00:35:06,440 --> 00:35:09,320
completely altruistic or they 
doing it for selfish reasons 

580
00:35:09,320 --> 00:35:12,200
because they want to feel good 
about themselves or do they want

581
00:35:12,200 --> 00:35:14,560
a giant tax write off, you know 
what I mean? 

582
00:35:14,560 --> 00:35:18,160
And so it's just it's it's all 
self-interest, man, and and 

583
00:35:18,160 --> 00:35:19,880
self-interest makes the world go
round. 

584
00:35:19,880 --> 00:35:23,520
And it and it's not a bad thing,
you know, buy Bitcoin because 

585
00:35:23,520 --> 00:35:26,720
you're greedy and you'll make 
the network more resilient and 

586
00:35:26,720 --> 00:35:29,760
you'll make everyone who also 
buys Bitcoin better off too. 

587
00:35:32,320 --> 00:35:35,400
I love that last part. 
So yeah, maybe. 

588
00:35:35,400 --> 00:35:37,920
Maybe Bitcoin is in some way 
also like. 

589
00:35:39,720 --> 00:35:41,240
But now it's not the perfect 
capitalism. 

590
00:35:41,240 --> 00:35:44,440
But I do like the reinforcing as
you mentioned right? 

591
00:35:44,440 --> 00:35:48,680
Like it's not just for yourself 
it's for the for the collective 

592
00:35:48,720 --> 00:35:51,800
as well. 
And I also I I don't really see 

593
00:35:51,800 --> 00:35:56,520
like any I I agree that 
capitalism is the most ethical 

594
00:35:56,800 --> 00:36:00,280
system you know in in concept at
least. 

595
00:36:00,280 --> 00:36:02,360
Right. 
And and I love to just simple 

596
00:36:02,360 --> 00:36:05,480
examples of if we both have a 
bakery and my breads are better 

597
00:36:05,480 --> 00:36:07,920
than more people buy my breads 
than your breads and then. 

598
00:36:08,440 --> 00:36:11,120
You figure out, you know, bread 
baking is not really my thing, 

599
00:36:11,880 --> 00:36:14,240
and I'm going to explore 
something else like that. 

600
00:36:15,880 --> 00:36:18,400
Yeah, for me, that's just 
rational sense, right? 

601
00:36:18,400 --> 00:36:21,320
Like, why? 
Why would you pursue something 

602
00:36:21,320 --> 00:36:24,360
that's you wouldn't enjoy and 
you're not good at? 

603
00:36:24,440 --> 00:36:29,920
And if as a collective, you're 
taking care of the collective, 

604
00:36:31,240 --> 00:36:34,720
then you also have the space to 
find that thing. 

605
00:36:35,280 --> 00:36:39,160
Where you can genuinely you know
add value and and be good at. 

606
00:36:39,160 --> 00:36:42,720
So yeah in the concept I also 
think that capitalism is the 

607
00:36:42,720 --> 00:36:47,560
best but but currently when you 
said about giving to charity I 

608
00:36:47,600 --> 00:36:50,280
thought about tax write off 
what's my first thought. 

609
00:36:50,640 --> 00:36:54,480
Yeah, and it's again, again, 
it's like the walk the talk 

610
00:36:54,480 --> 00:36:58,640
thing, right? 
It's it's it's it's not real, 

611
00:36:58,640 --> 00:37:01,320
it's not altruistic. 
And I think especially in 

612
00:37:01,320 --> 00:37:03,280
Bitcoin, a lot of things are 
actually. 

613
00:37:03,680 --> 00:37:08,360
Very altruistic also, yeah. 
Like what you're doing with 

614
00:37:08,360 --> 00:37:11,640
writing articles or what I try 
to do with this podcast and 

615
00:37:11,640 --> 00:37:14,280
other people try to do with 
books and conferences and stuff 

616
00:37:14,280 --> 00:37:16,880
like that. 
Like it's to educate and help 

617
00:37:16,920 --> 00:37:24,760
other other people to not only 
benefit ourselves but you know 

618
00:37:25,040 --> 00:37:29,840
again also the the collective. 
So yeah, I'm excited to see to 

619
00:37:29,840 --> 00:37:35,920
see where that goes as a, as a. 
As someone who's spent time in 

620
00:37:35,920 --> 00:37:38,800
the Army and is currently still 
in the Army, like, are you 

621
00:37:38,800 --> 00:37:43,920
familiar with the software 
thesis of Jason Lowry? 

622
00:37:45,280 --> 00:37:47,760
A little bit? 
I know it's sort of 

623
00:37:50,240 --> 00:37:53,520
controversial. 
And so I've spoken to Jason 

624
00:37:53,520 --> 00:37:58,880
about it and essentially it's a 
lot of people think that, OK, 

625
00:37:58,880 --> 00:38:02,880
they want the military to like 
take up Bitcoin mining and you 

626
00:38:02,880 --> 00:38:04,800
know, sort of nationalize the 
industry. 

627
00:38:05,400 --> 00:38:08,600
It's it's not really that at all
from from what I've spoken to 

628
00:38:08,600 --> 00:38:11,040
him about. 
And so the way I understand it 

629
00:38:11,040 --> 00:38:18,440
is the United States promoting 
Bitcoin mining at a national 

630
00:38:18,440 --> 00:38:26,360
level as a strategic imperative 
in order to maintain freedom of 

631
00:38:26,360 --> 00:38:28,440
transaction for the United 
States. 

632
00:38:28,960 --> 00:38:33,480
And so it's it's not like a 
military branch where like you 

633
00:38:33,480 --> 00:38:36,560
know, like the army is setting 
up Bitcoin miners. 

634
00:38:36,560 --> 00:38:44,920
It's it's more so a policy route
where where mining is is 

635
00:38:44,920 --> 00:38:48,760
supported in the United States 
as a strategic imperative for 

636
00:38:48,920 --> 00:38:52,600
for the country's economic 
livelihood, essentially. 

637
00:38:53,560 --> 00:38:56,840
No. 
And do you have any thoughts on 

638
00:38:56,840 --> 00:39:01,280
it or it's just baseline 
understanding and that's that's 

639
00:39:01,280 --> 00:39:05,560
it. 
No, no, no, no critiques. 

640
00:39:06,640 --> 00:39:10,440
I I mean I think, I think any 
country who is hostile to 

641
00:39:10,440 --> 00:39:13,800
Bitcoin mining will be 
regretting it dearly in the next

642
00:39:13,800 --> 00:39:18,400
like 5 to 10 years. 
So, you know, I, I, I think 

643
00:39:18,400 --> 00:39:20,560
Jason, so a lot of people like, 
oh you. 

644
00:39:20,560 --> 00:39:22,840
So he's not writing for you 
dummies. 

645
00:39:22,840 --> 00:39:25,160
He's writing for like generals 
at the Pentagon. 

646
00:39:25,360 --> 00:39:32,240
You know it's not for. 
You to clarify, I love it as in 

647
00:39:32,240 --> 00:39:37,880
love like I I thought it was 
super interesting actually. 

648
00:39:37,880 --> 00:39:40,600
Like the whole the whole 
criticizing. 

649
00:39:41,440 --> 00:39:44,160
I actually, yeah, it's kind of 
like when they say like oh he's 

650
00:39:44,160 --> 00:39:45,960
your government puppet or 
something like that. 

651
00:39:46,040 --> 00:39:47,920
That's kind of where the 
critique came from. 

652
00:39:47,920 --> 00:39:53,880
But I think. 
How he builds up, you know, what

653
00:39:53,880 --> 00:39:56,680
he's talking about. 
And his reasoning and 

654
00:39:56,680 --> 00:40:00,360
argumentation, I think was, at 
least from my point of view, 

655
00:40:00,360 --> 00:40:03,040
pretty solid. 
And it makes sense, right? 

656
00:40:04,120 --> 00:40:08,080
Where in essence he says there's
always power projection and then

657
00:40:08,080 --> 00:40:11,240
he has a. 
Examples of animals, right? 

658
00:40:11,240 --> 00:40:14,960
And that you know lions go for 
the wounded zebra and they don't

659
00:40:14,960 --> 00:40:18,320
go for the elephant because it 
is more ended energy expenditure

660
00:40:18,320 --> 00:40:20,120
to get the elephant and the 
zebra etc. 

661
00:40:20,600 --> 00:40:24,200
And so that that is just a by 
law like something in nature 

662
00:40:24,200 --> 00:40:26,320
that is always there also 
between humans. 

663
00:40:26,320 --> 00:40:30,880
So war is more normal than peace
basically. 

664
00:40:30,880 --> 00:40:33,400
So power projection is always 
there right? 

665
00:40:33,400 --> 00:40:38,080
And that like the next frontier 
after rockets and stuff like 

666
00:40:38,080 --> 00:40:40,840
that is cyberspace. 
And so that's where he talks 

667
00:40:40,840 --> 00:40:46,200
about, you know, defending your 
own cyberspace through the 

668
00:40:46,200 --> 00:40:49,320
computer network. 
That is, that is Bitcoin, right?

669
00:40:50,600 --> 00:40:52,200
Yeah. 
I don't understand the critique,

670
00:40:52,240 --> 00:40:55,120
but I wanted to ask you like 
what what your thoughts were. 

671
00:40:55,120 --> 00:40:58,960
But yeah, like we don't really 
have to get into it if if that's

672
00:40:58,960 --> 00:41:01,240
just that. 
But yeah, I was excited to hear 

673
00:41:01,240 --> 00:41:03,680
that. 
Yeah, yeah. 

674
00:41:03,680 --> 00:41:08,360
I mean, no deep thoughts, Okay. 
Well then, then we'll then we'll

675
00:41:08,360 --> 00:41:11,320
see what comes of it, right? 
Like, yeah, he was writing it 

676
00:41:11,320 --> 00:41:14,120
for generals and like a Pentagon
briefing and stuff like that. 

677
00:41:14,120 --> 00:41:16,520
So we'll see. 
We'll see if they listen. 

678
00:41:17,560 --> 00:41:21,040
And why do you think that that 
countries against Bitcoin who 

679
00:41:21,040 --> 00:41:22,880
are against Bitcoin mining will 
regret it? 

680
00:41:22,880 --> 00:41:26,800
Like, what's your fault there? 
I mean at the base level rate, 

681
00:41:26,800 --> 00:41:28,760
it's just, it's just economic 
growth. 

682
00:41:29,160 --> 00:41:32,440
So, so you get the economic 
growth, you know the bitcoiners 

683
00:41:32,440 --> 00:41:35,200
are going to become probably 
like the richest population in 

684
00:41:35,200 --> 00:41:37,400
human history. 
And on top of that it's 

685
00:41:37,400 --> 00:41:42,960
incentivizing energy growth. 
And so countries that ban or or 

686
00:41:42,960 --> 00:41:46,600
or are hostile towards Bitcoin 
mining are going to miss out on 

687
00:41:46,600 --> 00:41:49,560
on a lot of the positive impacts
that Bitcoin mining is going to 

688
00:41:49,560 --> 00:41:52,720
have on the energy 
infrastructure and so in the 

689
00:41:52,720 --> 00:41:56,160
next like. 
Ten, 20-30 years, I I don't 

690
00:41:56,160 --> 00:41:59,280
think Bitcoin mining will 
necessarily exist as a stand 

691
00:41:59,280 --> 00:42:03,360
alone business, but rather it'll
be integrated into the 

692
00:42:03,360 --> 00:42:06,720
electrical infrastructure as a 
grid balancing tool. 

693
00:42:07,280 --> 00:42:10,920
And so you know any country who 
who is hostile is going to miss 

694
00:42:10,920 --> 00:42:14,120
out on that and then you know 
they're not, they're not going 

695
00:42:14,120 --> 00:42:17,160
to have a solid. 
Economy, because they're not 

696
00:42:17,160 --> 00:42:20,200
going to have reliable power and
power is essential for human 

697
00:42:20,200 --> 00:42:22,640
flourishing. 
And so I mean at the baseline 

698
00:42:22,880 --> 00:42:27,200
that like bitcoins impact on on 
power markets and energy 

699
00:42:27,200 --> 00:42:31,200
efficiency is, you know, it's 
probably reason enough to to 

700
00:42:31,200 --> 00:42:34,120
leave it alone and let it 
flourish in the country all by 

701
00:42:34,120 --> 00:42:37,720
itself. 
Yeah, yeah, I fully agree. 

702
00:42:37,720 --> 00:42:42,120
I I also think that we could 
actually see that sooner than 

703
00:42:42,120 --> 00:42:48,400
later with the current situation
in the world and where energy is

704
00:42:49,080 --> 00:42:57,200
obviously could be used to put 
pressure right on other 

705
00:42:57,200 --> 00:43:00,760
countries like cutting off 
countries etcetera. 

706
00:43:00,760 --> 00:43:05,000
And of course you also see that 
in a lot of countries also my 

707
00:43:05,000 --> 00:43:09,080
country like the whole, the 
entire energy grid is not even 

708
00:43:09,640 --> 00:43:15,720
prepared to facilitate all the 
like renewable stuff etcetera. 

709
00:43:15,720 --> 00:43:18,560
And and you already have 
examples especially like in 

710
00:43:18,560 --> 00:43:22,960
Texas where where the miners 
actually provide lots of value 

711
00:43:22,960 --> 00:43:25,840
to to keep it stable. 
So I agree with what you say. 

712
00:43:25,840 --> 00:43:29,960
I yeah, I think it it it could 
be sooner maybe that's kind of 

713
00:43:30,000 --> 00:43:33,520
also could also be like the 
surprise in a sense like that 

714
00:43:33,560 --> 00:43:37,720
that entire dimension of Bitcoin
which I think yeah it's a study 

715
00:43:37,720 --> 00:43:42,040
by itself almost how to utilize 
that and especially on like a 

716
00:43:43,160 --> 00:43:45,440
like a country, country, country
level. 

717
00:43:45,720 --> 00:43:51,080
So I also wanted to ask you it's
like one of the last questions 

718
00:43:51,520 --> 00:43:54,920
you know if someone asks you 
what what is Bitcoin and why 

719
00:43:54,920 --> 00:43:57,200
should I care. 
We kind of like had the all 

720
00:43:57,200 --> 00:44:00,880
these different dimensions, you 
know, where where would you 

721
00:44:00,880 --> 00:44:05,040
start with answering that 
question or where did you try to

722
00:44:05,040 --> 00:44:10,280
start before you? 
I I guess it depends, right? 

723
00:44:11,480 --> 00:44:16,600
It depends on who I'm talking 
to, you know, A lot of times 

724
00:44:16,600 --> 00:44:19,520
it'd be like Bitcoin is a scam 
and you shouldn't give a shit, 

725
00:44:20,160 --> 00:44:22,040
you know, just leave me alone. 
I'm just kidding. 

726
00:44:22,040 --> 00:44:27,440
I wouldn't say that. 
I I think if if I know them I'll

727
00:44:27,440 --> 00:44:30,640
I'll sort of say something like.
You know like digital gold, 

728
00:44:30,640 --> 00:44:32,320
right? 
It's just, it's just digital 

729
00:44:32,320 --> 00:44:34,960
gold and now with an absolute 
supply cap. 

730
00:44:36,680 --> 00:44:40,560
But it it's hard to answer that 
without knowing who's asking the

731
00:44:40,560 --> 00:44:44,480
question because because you 
know, you could, you could 

732
00:44:44,480 --> 00:44:47,280
contextualize it in the way 
that's most important to you and

733
00:44:47,280 --> 00:44:50,520
completely turn somebody off for
from Bitcoin for like the rest 

734
00:44:50,520 --> 00:44:53,000
of their life, right. 
And so it's it's sort of a a 

735
00:44:53,040 --> 00:44:56,280
very high stakes question. 
Where, where, Where? 

736
00:44:56,280 --> 00:44:59,400
When people ask me questions 
about Bitcoin, I I usually 

737
00:44:59,400 --> 00:45:02,960
answer the question with 
questions to to try to try to 

738
00:45:02,960 --> 00:45:06,040
like, dial in what they actually
care about and what they're what

739
00:45:06,040 --> 00:45:09,960
they're sort of looking for. 
And so with with my sister, you 

740
00:45:09,960 --> 00:45:13,760
know I'll talk about like like I
wrote, I wrote an article about.

741
00:45:14,120 --> 00:45:17,520
Peru and how it's, you know, 
helping lift people out of 

742
00:45:17,520 --> 00:45:20,760
poverty in Peru. 
Well, her husband is from Peru, 

743
00:45:20,760 --> 00:45:22,320
right. 
And so that's sort of like this 

744
00:45:22,320 --> 00:45:25,440
very personal touch that that 
can appeal to my sister. 

745
00:45:25,880 --> 00:45:30,760
Whereas other people are just, 
you know, I've had, I've had 

746
00:45:30,760 --> 00:45:33,040
friends that sell their house 
and they're just sitting on like

747
00:45:33,040 --> 00:45:35,000
a pile of cash. 
They don't know what to do with 

748
00:45:35,000 --> 00:45:36,720
it. 
I'm like, well, hey, maybe like 

749
00:45:36,720 --> 00:45:40,640
put a little bit into Bitcoin. 
It's it's savings. 

750
00:45:40,640 --> 00:45:44,400
It's just it's a long way. 
It's a long term savings plan or

751
00:45:45,120 --> 00:45:49,240
you know other people. 
Yeah, a family that's criticized

752
00:45:49,360 --> 00:45:53,280
criticized the the energy 
industry And so you know OK well

753
00:45:53,280 --> 00:45:56,280
Bitcoin is a way to make 
renewable energy like more 

754
00:45:56,280 --> 00:45:59,840
viable in you know integrating 
it to the grid. 

755
00:45:59,840 --> 00:46:02,640
And so it just, it really 
depends on who's who's asking 

756
00:46:02,640 --> 00:46:04,960
the question. 
Yeah. 

757
00:46:05,600 --> 00:46:08,320
Yeah, great examples. 
And yeah, I agree. 

758
00:46:08,320 --> 00:46:12,640
I, I really try to switch from 
explaining to asking more 

759
00:46:12,640 --> 00:46:15,840
questions, but I find it hard 
because I just love the whole, 

760
00:46:16,480 --> 00:46:19,080
the entire subject, right. 
So I just start talking and 

761
00:46:19,080 --> 00:46:21,880
then. 
But yeah, I love that angle. 

762
00:46:21,880 --> 00:46:24,000
Like just just ask, ask more 
questions. 

763
00:46:25,240 --> 00:46:27,280
All right. 
So last question I have and I 

764
00:46:27,280 --> 00:46:31,520
ask everyone the same thing. 
What's a core belief that you 

765
00:46:31,520 --> 00:46:41,840
will never let go? 
Trying to think about how to put

766
00:46:41,840 --> 00:46:52,960
this it it's sort of it's sort 
of evolves around family and so 

767
00:46:52,960 --> 00:46:56,960
I I think with the millennials 
like I I don't have a ton of 

768
00:46:56,960 --> 00:47:00,720
friends at work because I have 
three kids and they don't even 

769
00:47:00,720 --> 00:47:05,400
have a girlfriend right and and 
so with with the money printing.

770
00:47:06,200 --> 00:47:09,360
And you sort of get that 
nihilistic attitude where people

771
00:47:09,360 --> 00:47:13,200
don't look towards the future, 
they just live in the present 

772
00:47:13,200 --> 00:47:16,360
and they're going out to bars 
and drinking stuff every night. 

773
00:47:16,360 --> 00:47:20,440
And so I I think, I think 
lowering the time preference and

774
00:47:20,440 --> 00:47:25,600
and putting the focus on on 
family, you know, in order to 

775
00:47:26,840 --> 00:47:32,480
build something that is lasting 
is is sort of a core principle, 

776
00:47:32,480 --> 00:47:33,440
right? 
And so. 

777
00:47:34,560 --> 00:47:37,160
I forget who said it, but it's 
sort of like if you, if you want

778
00:47:37,160 --> 00:47:41,480
to change the world, raise good 
kids, you know? 

779
00:47:42,560 --> 00:47:46,360
I love that legacy. 
Yeah, just a little time for 

780
00:47:46,360 --> 00:47:47,960
reference. 
Building a legacy. 

781
00:47:49,760 --> 00:47:52,640
Love that, man. 
I fully agree. 

782
00:47:52,640 --> 00:47:54,640
Thank you. 
I think that's a that's a great 

783
00:47:54,640 --> 00:47:56,640
ending. 
Yeah. 

784
00:47:56,640 --> 00:47:59,320
Where can where can people find 
you? 

785
00:48:00,920 --> 00:48:05,520
You have a nice Twitter name and
and I well, I'll make sure to 

786
00:48:05,520 --> 00:48:08,080
link to your your articles as 
well. 

787
00:48:08,080 --> 00:48:12,000
But yeah, where? 
Where can people learn more 

788
00:48:12,000 --> 00:48:13,720
about you and and find you 
online? 

789
00:48:14,600 --> 00:48:16,480
I'm on. 
I'm on Twitter and LinkedIn. 

790
00:48:17,320 --> 00:48:20,480
Twitter handle is is in the 
name. 

791
00:48:20,480 --> 00:48:24,960
It's Plebius economist. 
It gave it about 10 seconds 

792
00:48:24,960 --> 00:48:29,560
worth of. 
But in my Twitter profile, 

793
00:48:29,560 --> 00:48:33,520
there's a link tree that has all
my author pages in my link to my

794
00:48:33,920 --> 00:48:37,240
LinkedIn profile. 
So feel free to hit me up there 

795
00:48:37,240 --> 00:48:40,320
if you want. 
Also, Ben, I'll make sure to 

796
00:48:40,320 --> 00:48:43,280
link to everything. 
And yeah, thanks again for this 

797
00:48:43,280 --> 00:48:45,800
conversation and keep in touch. 
Yeah. 

798
00:48:45,800 --> 00:48:47,880
Thanks a lot. 
I hope you enjoyed this episode.

799
00:48:47,920 --> 00:48:50,880
If you did, it would be amazing 
if you could rate, review and 

800
00:48:50,880 --> 00:48:53,440
subscribe on the podcast 
platform of your choice. 

801
00:48:58,810 --> 00:49:01,370
It will help us educate more 
millennials on the importance of

802
00:49:01,410 --> 00:49:03,370
Bitcoin. 
You can follow and connect with 

803
00:49:03,370 --> 00:49:06,690
me on Twitter. 
I'm Brom K that's at Bramk. 

804
00:49:07,250 --> 00:49:09,410
And if you are or know someone 
who has an interesting 

805
00:49:09,410 --> 00:49:11,850
perspective on Bitcoin that's 
worth sharing, hit me up. 

806
00:49:12,210 --> 00:49:13,970
I read and reply to every single
message. 

807
00:49:14,250 --> 00:49:16,730
I appreciate your support and 
hope you'll be here for the next

808
00:49:16,730 --> 00:49:18,210
episode. 
Thanks for listening. 

809
00:49:18,490 --> 00:49:18,730
Bye.
