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All right. 
Hey there. 

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This is from Constant and you're
listening to Bitcoin for 

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Millennials. 
Together with my guests on this 

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podcast, I go on a journey to 
discover how our current 

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financial system works, why it's
flawed, and why Bitcoin is most 

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relevant technology you should 
understand and adopt. 

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In this episode, I'm joined by 
David Branscom. 

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He's the Chief Commercial 
Officer at Rebel Mining, a 

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company that offers custom 
solutions to help enterprise 

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companies mine Bitcoin. 
He believes that with almost as 

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with almost any problem in 
energy, Bitcoin fixes this. 

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With experience in immersion and
hydrocooling, advances in chip 

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technology and heat recapture 
innovations, David knows we are 

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just scratching the surface of 
what Bitcoin can do to make a 

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better future. 
So welcome David. 

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I'm happy to have you on the 
pod. 

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Thank you, Brian. 
Happy to be here. 

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Yeah, it was great meeting you 
in real life. 

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Super fun to meet people you 
sort of know from the Internet. 

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How How did you experience the 
Bitcoin Atlantis conference? 

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Oh, it was. 
It was good. 

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I mean, that kind of felt like 
going to the Super Bowl if 

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you're a Bitcoiner or, you know,
maybe not the maybe the World 

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Cup, right, depending on what 
country you're in. 

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But I mean, people from all over
the world coming, getting to 

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meet, like you and some other 
people from Europe that, you 

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know, I hadn't met in person. 
You get to see them in person. 

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It's a unique experience 
especially when you realize that

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you're a lot taller in person 
than I than I thought on 

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Twitter. 
So it's you're you're very tall 

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funny comments on Twitter. 
Yeah. 

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Especially compared to other 
people in Madeira. 

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I don't know what happened but 
you're you're like twice as tall

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as most of the average man. 
So who was that you took a 

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picture with that? 
Did there on Twitter do? 

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You put Eric stacks. 
Luke, Luke, Luke. 

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Poor Luke. 
Luke had shrunk, Luke had shrunk

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and you had grown. 
So. 

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But it is really, it is kind of 
surreal. 

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I met Michael Saylor real 
briefly in the just walking 

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around the concourse and I 
grabbed him and he was nice 

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enough to say hello and had a 
whole conversation with me. 

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And he walked away. 
And I thought to myself, I was 

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like, I didn't get a selfie with
Michael Saylor, but I literally 

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just had a 10 minute 
conversation with him about 

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finances and his strategy. 
And he was like, he was just so 

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very genuinely interested. 
It was impressive. 

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Samson. 
MO got to meet Samson in person 

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for the first time. 
Jack Mahler's right. 

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So you meet these people that 
are building incredible things, 

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doing incredible things with 
Bitcoin, and they're, I guess 

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I've been kind of in the mining 
space, right? 

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The infrastructure side. 
So anybody from the financial 

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side of Bitcoin or financial or 
development, that's very 

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fascinating to me, right? 
Because that's not my 

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background. 
So I, I try to understand as 

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many of the tentacles of Bitcoin
as I can, at least know which 

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direction that octopus is 
reaching, right? 

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That sort of thing. 
And I guess to know I, I I don't

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need to know the details or how 
everything works, but I need to 

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know what they're trying to 
accomplish. 

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That way if something comes my 
direction that I can help 

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someone else with, you know 
trying to push that, put those 

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puzzle pieces together and help 
people out what whatever they're

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working on. 
So it was man, just non-stop, no

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sleep, fantastic. 
You know, the Bitcoin experience

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and meeting new friends, making 
new friends and getting to meet 

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your heroes is it's it was a 
blast. 

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Absolutely. 
Yeah, yeah, I had the same 

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experience. 
Just so fun that everyone is so 

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approachable. 
Everyone is into the same thing,

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but you know, there's all these 
people from different 

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backgrounds and yeah, it's just 
cool to to learn about their 

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expertise. 
That's I have the same like 

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there's all these dimensions of 
Bitcoin that, you know, you come

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across, but we'll definitely get
to that that that is on the list

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to talk about. 
And 1st I wanted. 

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To ask you like. 
Real quick, can I can I make an 

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announcement? 
Just so and I haven't made like 

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an official announcement in this
kind of setting, but I did put 

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on LinkedIn, but I forgot to 
tell you. 

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So I have recently left Rebel 
Mining as Chief Commercial 

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Officer and Energia, which was 
my former company. 

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I'm with a new company called 
Veya Energy VEYA and we are. 

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This is a quick just real quick.
This is a move to I started my 

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Bitcoin journey on the 
infrastructure side, coming in 

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through immersion cooling and 
then I very slowly just moved 

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upstream to the power source. 
The energy is going to be 

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operating and and putting 
together behind the meter off 

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grid mining opportunities, 
natural gas and other renewable 

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energies like waste energy 
things like that, those sorts of

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projects. 
So that is, I just wanted to, 

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since you introduced me to the 
Rebel, just want to let you know

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I've moved to a different 
position, but I'm focused 

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specifically on energy 
production and how it can tie in

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and benefit Bitcoin and vice 
versa, how Bitcoin mining can 

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benefit the energy 
infrastructure we have not just 

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in the US but anywhere, 
especially reusing that energy 

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multiple times for through heat 
recapture and things like that. 

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So just want to give you that 
little quick little update that 

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just happened like a couple 
weeks ago. 

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Yeah, awesome. 
It's on my list to to talk about

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because I'm super, super 
interested in that. 

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But not very knowledgeable yet, 
so we'll definitely get to that.

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The first thing I I wanted to 
ask you is which generation do 

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you belong to and how is your 
experience educating like your 

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generational peers? 
Are you trying to dox my age 

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here, Bram? 
Is that what you're trying to 

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do? 
I don't know. 

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You don't have to say your age. 
I am a It depends on who you 

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ask. 
I'm on kind of the tail end of 

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what you would consider to be 
Gen. 

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Y, probably Gen. 
X and Gen. 

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Y and not. 
But I'm not like a millennial. 

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So I was born in, I'm 46 years 
old, so I was born in 78. 

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So whatever that number is then 
kind of puts me on the edge of a

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couple of different generations.
So I feel like it's an 

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interesting kind of place to be.
I have a lot of just overall 

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business experience, but I also 
have, you know, a family and a 

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mortgage and I'm further down 
than a lot of Bitcoiners are 

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when they're in their 20s and 
their 30s. 

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And so I am in kind of a unique,
I think spot. 

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I'm not as old as, you know, 
like you know, you've got some 

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guys like Michael Saylor and 
then you've got Bob Burnett that

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have a ton of experience, right?
That I don't have as much 

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experience as they do, but I'm 
also not, you know, fresh out of

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you know, university or still 
trying to kind of figure things 

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out, you know, from a you know 
which direction. 

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Well, that's not true. 
I don't know which direction my 

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life is. 
It changes every six months, so.

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But I've had that experience, so
it's kind of a weird spot to be 

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right. 
Most people in this space are 

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either older than me or younger 
than me. 

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Not a lot. 
That's right there at that same 

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age. 
Hey there. 

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Thanks so much for listening to 
this episode. 

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I just really want to ask you 
for a quick favor. 

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Over the last few months, I've 
seen that only 75% of people who

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listen to this podcast or watch 
it on YouTube are actually 

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subscribed. 
The most important thing I'm 

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currently focusing on, next to 
hopefully giving you interesting

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conversations is growing this 
podcast subscriber base so I can

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continue with it into the 
future. 

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I want to thank everyone who's 
been viewing and listening to 

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Bitcoin for millennials, leaving
comments here and sending me 

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DMS. 
It's been super, super 

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motivating. 
So thank you so much. 

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So I really want to ask you to 
please hit the subscribe button 

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on YouTube or follow me on your 
favorite podcasting app if you 

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are enjoying this podcast. 
Thanks again for joining me on 

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this journey. 
Now back to the conversation. 

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Yeah, I just quickly, quickly 
Googled, you're like on the tail

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end of Gen. 
X and and and at the start of 

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the millennials, but like so, so
your age range, well you know 

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people will have older kids of 
course a mortgage, house 

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etcetera. 
Like when you talk to people in 

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your age range like about 
Bitcoin, they are already 

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obviously well entrenched in 
the, in the, in the old Fiat 

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money system. 
So is that something you run 

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into when you talk about that? 
So I this is kind of weird, but 

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like I looked up the other day 
and I can't remember the last 

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time I talked to like friends my
age, right? 

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Like, I make I made a point to 
go, yeah, I made a point to go 

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have dinner with some friends 
the other night and who are my 

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age and they've got boys about 
my boys. 

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I've got two boys 17 and 13 and 
so I'm kind of on the tail end 

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of that, right? 
My 13 year old only has about 

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five years left until he's out 
of high school, right? 

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And so whether he wants to go to
college or whatever, I don't 

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know. 
But we're we're working at it. 

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I just, I don't know. 
I'm so into Bitcoin that it's 

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like, I don't really talk to 
what I'd call normies much 

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anymore. 
It's almost, it's almost painful

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to have like those like 
conversations about oh hey, 

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how's your job going, right. 
You know, 'cause my job, working

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in Bitcoin specifically feels so
like revolutionary and start up 

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and it's it's different than, 
you know what most of my, you 

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know, contemporaries are doing 
that at my, my age, it it's hard

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it's it's actually kind of 
almost physically painful to sit

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through some of these. 
I'm trying to be nice and I'm 

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like, I don't really care about,
you know, who you're going to 

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vote for. 
I don't really care about this. 

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I don't really care about, you 
know, what's going on here. 

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It's like it's when you see 
Bitcoin, psychologically 

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something changes for you and 
it's very interesting. 

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I'm at two opposite ends of the 
spectrum on the Bitcoin side. 

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It's like I focus on the 
hardware and energy side, 

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infrastructure, the tangible. 
But I'm really super intrigued 

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by how Bitcoin tied into energy 
and the way that the way that 

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it's tied into energy down the 
on the other end ends up 

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basically changing the way you 
think, the way you act, you 

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know, the psychology of who you 
are as a person. 

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It changes everything. 
And I thought it was just going 

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to be OK. 
This is going to be a cool job 

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and I'm going to make some 
money. 

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But now it's like, I think 
everything in my life looks 

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different, like everything. 
And you can't, you can't go 

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back. 
It's weird. 

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Yeah, yeah. 
Well, we'll talk about that too 

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in a minute because I I think 
that's super interesting and I 

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can definitely relate to that. 
So I'm super interested to hear 

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how that went for you. 
But first I wanted to ask, what 

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misconceptions did you have 
about Bitcoin initially and how 

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did they change? 
Like what did you have to do or 

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learn to to change those? 
So there's kind of two things. 

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My favorite phrase that I've 
heard a lot of people, some some

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good friends say is you know 
when not when were you orange 

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peeled, but when did you first 
ignore Bitcoin? 

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And for me, it was 2013. 
Like, I could have gotten in at 

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20/13/2014 time frame. 
And I had all these computers 

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and you could still mine on, you
know, GPUs. 

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And I had all these 480 GPUs in 
these computers at this call 

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center I'd set up. 
There's not a lot, maybe like a 

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dozen of them. 
But I had a friend, a guy that 

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was working for me, say we 
should mine Bitcoin. 

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We even have free electricity. 
We should mine Bitcoin. 

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It's like, what's Bitcoin? 
So he talked to me for about 

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30-45 minutes and I got done and
he goes, So what do you think? 

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And I said that is the dumbest, 
stupidest thing I've ever heard.

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That's magic Internet money. 
It's never going to work. 

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It's never going to work, right?
And I like, left it alone and 

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ignored it for another, I don't 
know, maybe seven years and then

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2019 ish. 
I started kind of looking at it 

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right. 
And so my biggest misconception 

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was just not taking it at face 
value and looking kind of 

226
00:12:21,400 --> 00:12:23,680
saying, oh, this is interesting 
technology, I need to dig it. 

227
00:12:23,800 --> 00:12:25,160
That's the biggest 
misconceptions. 

228
00:12:25,160 --> 00:12:28,640
People just assume it's a scam 
or because they don't understand

229
00:12:28,640 --> 00:12:30,520
it, right? 
But that happens with everything

230
00:12:30,520 --> 00:12:32,440
in life. 
If you don't take the time to 

231
00:12:32,440 --> 00:12:34,560
understand something, you you 
don't know if it's true or not. 

232
00:12:34,600 --> 00:12:36,960
So that's a challenge. 
And that's the biggest 

233
00:12:36,960 --> 00:12:38,840
misconceptions. 
People just think it's a scam, 

234
00:12:39,800 --> 00:12:45,560
especially on the normie side. 
And then the what was the other 

235
00:12:45,560 --> 00:12:50,160
part of that lost? 
My my train of thought. 

236
00:12:50,160 --> 00:12:55,000
The other part of that was. 
So when when did you So you 

237
00:12:55,040 --> 00:12:57,360
thought it was a scam or that 
was a misconception? 

238
00:12:57,520 --> 00:13:00,040
Well, not, not what you thought,
but you had that misconception. 

239
00:13:00,040 --> 00:13:01,760
Like how did you actually get 
it? 

240
00:13:02,160 --> 00:13:04,880
Yeah, so, so this is OK. 
Thank you. 

241
00:13:04,880 --> 00:13:08,960
So the other end of that, that 
connection is a misconception is

242
00:13:08,960 --> 00:13:12,120
people. 
I say I work in Bitcoin and 

243
00:13:12,120 --> 00:13:14,520
people start asking me technical
questions about Bitcoin and I 

244
00:13:14,520 --> 00:13:18,040
don't know, right. 
I can't tell you how the time 

245
00:13:18,040 --> 00:13:20,040
chain works. 
I'm not a developer. 

246
00:13:20,240 --> 00:13:21,800
I don't understand how 
transactions. 

247
00:13:22,120 --> 00:13:25,680
I like watching the mean pool, 
but I don't like understand how 

248
00:13:25,680 --> 00:13:27,720
all the blocks are put together.
I don't understand all that 

249
00:13:27,720 --> 00:13:29,920
technology, right? 
I'm not that technical a person 

250
00:13:30,880 --> 00:13:33,640
when people ask me how long have
you studied Bitcoin? 

251
00:13:33,640 --> 00:13:35,960
I said well, I've actually 
studied Bitcoin less than I've 

252
00:13:35,960 --> 00:13:38,640
studied the monetary systems, 
right? 

253
00:13:38,640 --> 00:13:42,840
So started learning. 
I read the Bitcoin standard, 

254
00:13:43,000 --> 00:13:46,920
which honestly, for a a newbie 
with not no finance background 

255
00:13:47,120 --> 00:13:49,720
is kind of challenging, right? 
I would read a chapter and then 

256
00:13:49,720 --> 00:13:52,520
I'd spend like 20-30 minutes on 
Google researching what I just 

257
00:13:52,520 --> 00:13:57,040
read right to verify it, 
understand economics, the 

258
00:13:57,040 --> 00:13:59,000
history of money, all that, all 
that stuff, right? 

259
00:13:59,000 --> 00:14:01,920
It was almost like a it was 
almost like a textbook I'd I'd 

260
00:14:01,920 --> 00:14:04,680
like read a chapter and then I'd
have to like write and answer 

261
00:14:04,680 --> 00:14:07,320
questions and stuff. 
It's a study. 

262
00:14:08,240 --> 00:14:10,600
Yeah, it is a study. 
And so there's other books out 

263
00:14:10,600 --> 00:14:13,720
there now that, you know, 
Brandon Mens got one. 

264
00:14:13,720 --> 00:14:15,520
That's great. 
I think Good for normies kind of

265
00:14:15,520 --> 00:14:17,880
as an intro, as a primer, right.
And then. 

266
00:14:18,040 --> 00:14:23,080
And then you dive into safety 
and you get, you get a, you 

267
00:14:23,080 --> 00:14:24,520
know, Yeah, deeper in. 
Right. 

268
00:14:24,880 --> 00:14:31,200
But what I found was between 
that and podcasts with like the 

269
00:14:31,200 --> 00:14:33,120
first, you know, what is Money 
podcast. 

270
00:14:33,120 --> 00:14:37,120
Michael Saylor, what's his name?
Andreas. 

271
00:14:37,560 --> 00:14:39,360
Andreas Antonopoulos. 
Right. 

272
00:14:39,360 --> 00:14:42,360
I started watching some of 
those, like older podcasts and 

273
00:14:42,360 --> 00:14:46,480
understanding. 
I've studied money as a whole in

274
00:14:46,480 --> 00:14:51,640
the dollar system and previous 
Fiat currencies and history more

275
00:14:51,640 --> 00:14:54,240
than I've studied Bitcoin. 
So it's like I don't need to 

276
00:14:54,240 --> 00:14:58,040
know how Bitcoin works, I just 
need to know how it fixes the 

277
00:14:58,040 --> 00:15:01,600
problems, right? 
I probably know more about 

278
00:15:01,840 --> 00:15:07,800
inflation, the central banking 
system, Austrian economics, all 

279
00:15:07,800 --> 00:15:10,720
of these things, more than I 
actually know about Bitcoin, 

280
00:15:10,720 --> 00:15:15,360
because those things are what 
taught me what's broken and how 

281
00:15:15,360 --> 00:15:17,480
Bitcoin actually fixes it, 
right? 

282
00:15:17,480 --> 00:15:21,440
So for me, it wasn't really 
saying, you know, oh, I 

283
00:15:21,440 --> 00:15:24,920
understand and get Bitcoin. 
I was like, oh, if I think 

284
00:15:24,920 --> 00:15:29,440
Bitcoin has even a 1% chance of 
doing what people say it's going

285
00:15:29,440 --> 00:15:34,600
to do, I know that my dollar has
a 90% or has 100% chance. 

286
00:15:34,600 --> 00:15:37,240
It's going to be worth less next
year than it is right now, 

287
00:15:38,080 --> 00:15:42,280
right? 
So that that alone, knowing how 

288
00:15:42,280 --> 00:15:47,240
broken our Fiat system was just 
made me say, I don't know if 

289
00:15:47,240 --> 00:15:50,920
it's better or not, but the 
chances are this is a smarter 

290
00:15:50,920 --> 00:15:54,320
system because I had know 100% 
that my dollar is going to be 

291
00:15:54,320 --> 00:15:57,720
debased, right. 
So that was kind of the study 

292
00:15:58,120 --> 00:16:02,920
that got me all in and I'm I'm 
happy to say I'm basically I'm, 

293
00:16:03,040 --> 00:16:04,920
I got to zero. 
I don't know if that's the right

294
00:16:04,920 --> 00:16:07,200
term, maybe it's I'm 100% 
Bitcoin, right? 

295
00:16:07,600 --> 00:16:10,600
But I have very little Fiat cash
at all at any given moment. 

296
00:16:12,320 --> 00:16:16,600
I am just learning about the new
system, how to, you know, manage

297
00:16:17,000 --> 00:16:20,160
taxable income, KYC verse, non 
KYC Bitcoin. 

298
00:16:20,400 --> 00:16:25,040
How to manage it from a long 
term retirement or you know 

299
00:16:25,040 --> 00:16:27,280
liquid savings, liquidity 
standpoint. 

300
00:16:27,600 --> 00:16:30,520
All of those things learning how
to live on a Fiat or live on a 

301
00:16:30,520 --> 00:16:33,880
Bitcoin standard even when I'm 
still living in a Fiat world. 

302
00:16:34,160 --> 00:16:38,040
And I think that is a big 
opportunity for education to 

303
00:16:38,040 --> 00:16:41,880
teach bitcoiners and people at 
Normies as well say this can be 

304
00:16:41,880 --> 00:16:44,040
done. 
And if someone streamlines that 

305
00:16:44,040 --> 00:16:47,400
process like there's products 
out there like strike that you 

306
00:16:47,400 --> 00:16:51,960
know and and fold the fold card 
and things like that that are 

307
00:16:51,960 --> 00:16:53,120
getting close. 
Right. 

308
00:16:53,120 --> 00:16:56,120
Once we get to a point where 
they're just like, yeah deposit,

309
00:16:56,120 --> 00:17:01,160
you can have your checks or your
EF, TS or sorry yeah electronic 

310
00:17:01,160 --> 00:17:04,240
funds transfers or whatever 
wires directly into this. 

311
00:17:04,359 --> 00:17:06,760
We will put it in Bitcoin and 
then when you need to spend it, 

312
00:17:06,760 --> 00:17:08,760
we will automatically do it in 
Bitcoin. 

313
00:17:09,119 --> 00:17:11,599
Take your Bitcoin and convert it
and send right like Strike does.

314
00:17:11,599 --> 00:17:14,760
So what? 
Whoever kind of fixes that and 

315
00:17:14,760 --> 00:17:18,000
makes it smooth, we'll see it 
option move pretty quickly. 

316
00:17:22,960 --> 00:17:25,880
Awesome. 
I think we experience a little 

317
00:17:25,880 --> 00:17:27,960
bit lag. 
So I'm going to wait until 

318
00:17:27,960 --> 00:17:30,320
you're fully finished and then 
I'll ask my question. 

319
00:17:32,200 --> 00:17:35,640
You're in a hotel room, right? 
So sometimes it's a bit, it's a 

320
00:17:35,640 --> 00:17:37,120
bit laggy, but it's all, it's 
all good. 

321
00:17:37,520 --> 00:17:41,560
So you shared with me that you 
think energy is money. 

322
00:17:41,560 --> 00:17:48,880
Can you elaborate on that a bit?
I think that the best possible 

323
00:17:48,880 --> 00:17:52,320
yardstick and I I'm probably 
stealing this from you know 

324
00:17:52,440 --> 00:17:55,960
Michael Saylor when he was first
talking to Breedlove on his 

325
00:17:55,960 --> 00:17:58,600
first the first seven or eight 
podcasts, whatever it was. 

326
00:18:01,520 --> 00:18:05,320
But and I, I part of me kind of 
knew this but hearing it 

327
00:18:05,320 --> 00:18:08,240
explained the way he did kind of
clarified it. 

328
00:18:08,920 --> 00:18:13,040
The best way to measure anything
is in energy. 

329
00:18:13,720 --> 00:18:16,280
The question is just what is the
measuring stick, right? 

330
00:18:16,280 --> 00:18:21,760
Because energy is a fairly 
intangible thing for for us, 

331
00:18:21,760 --> 00:18:23,360
right? 
You have, you know, kinetic 

332
00:18:23,360 --> 00:18:24,920
energy of stored energy. 
You have. 

333
00:18:25,080 --> 00:18:29,280
So right now I have the energy 
to stand up and walk across the 

334
00:18:29,280 --> 00:18:30,520
room, but I'm not doing it 
right. 

335
00:18:30,520 --> 00:18:32,720
So I have stored energy ready to
do that when I need it. 

336
00:18:34,320 --> 00:18:37,320
It's a very interesting concept,
but the more you dwell on it, 

337
00:18:37,320 --> 00:18:40,680
you realize there's nothing we 
do that doesn't involve energy. 

338
00:18:41,120 --> 00:18:44,720
Like, I mean from the 2nd, we 
are created by birthright that 

339
00:18:44,720 --> 00:18:48,480
is or even before birth 
inception that is energy 

340
00:18:48,480 --> 00:18:52,440
required. 
And it's thousands and thousands

341
00:18:52,600 --> 00:18:58,360
of years at millennia of energy 
that is kind of slowly come down

342
00:18:58,360 --> 00:19:01,120
to this one point in our lives 
where we're created, right. 

343
00:19:01,320 --> 00:19:03,440
And then there's energy 
required, additional energy 

344
00:19:03,440 --> 00:19:06,920
required, you know, by the 
mother, you know, you know, to 

345
00:19:07,240 --> 00:19:11,280
grow that child, birth that 
child and then you have to feed 

346
00:19:11,280 --> 00:19:13,880
the child to give it energy and 
all this and there's so much 

347
00:19:13,880 --> 00:19:17,040
more energy to grow. 
And then you're not just talking

348
00:19:17,040 --> 00:19:19,120
about flipping a light switch 
and you know, doing compute 

349
00:19:19,120 --> 00:19:22,960
power, but like you know, 
building a building manual 

350
00:19:22,960 --> 00:19:25,000
labor, right. 
It's all technically energy. 

351
00:19:25,040 --> 00:19:27,720
The question is just how do you 
measure it, right. 

352
00:19:28,040 --> 00:19:33,080
So if we measured everything in 
kilocalories or joules, if you 

353
00:19:33,080 --> 00:19:39,960
will, you could say, OK, you 
know, this guy did one barrel, 

354
00:19:39,960 --> 00:19:44,600
one oil barrels worth of work 
today or this guy did you know 

355
00:19:44,600 --> 00:19:49,560
this many CFM of of gas or coal 
or you know, this much 

356
00:19:49,560 --> 00:19:52,760
electricity, this much kWh per 
work or what, right. 

357
00:19:52,800 --> 00:19:55,640
But those are very difficult and
problematic, right. 

358
00:19:55,640 --> 00:19:57,400
So you need something in the 
middle. 

359
00:19:57,720 --> 00:20:01,920
And up to this point all we've 
had is just, you know, it's not 

360
00:20:01,920 --> 00:20:03,880
tied to energy, it's not tied to
anything. 

361
00:20:04,120 --> 00:20:05,880
It may be at the one point it 
was pegged. 

362
00:20:06,280 --> 00:20:08,360
We, you know, can use gold and 
you can pegged to gold. 

363
00:20:08,760 --> 00:20:11,520
The gold's problematic. 
It's tough to transact and you 

364
00:20:11,520 --> 00:20:13,720
got to chop it up. 
It's hard to make change. 

365
00:20:13,720 --> 00:20:17,320
And so that's why people led to 
Fiat and coins and the dollar 

366
00:20:17,320 --> 00:20:20,280
and all this stuff. 
But ultimately, because it's 

367
00:20:20,280 --> 00:20:24,600
under a person man's control, 
it's all manipulated, right? 

368
00:20:24,840 --> 00:20:30,400
So Bitcoin being worth being 
built on proof of work and being

369
00:20:30,400 --> 00:20:36,600
built on physics and mathematics
and basically immutable facts, 

370
00:20:36,680 --> 00:20:38,320
right? 
They say Bitcoin is immutable. 

371
00:20:39,040 --> 00:20:43,000
It it's actually just, it's 
really just based on physics, 

372
00:20:44,040 --> 00:20:45,840
the laws of thermodynamics, 
right? 

373
00:20:45,840 --> 00:20:49,400
It literally takes that proof of
work, that energy and transfers 

374
00:20:49,400 --> 00:20:55,040
it into a into a currency, 
right? 

375
00:20:55,120 --> 00:20:58,280
Without that middleman. 
So there's no chance of 

376
00:20:58,280 --> 00:21:02,040
manipulation, right? 
If there's some consensus and we

377
00:21:02,040 --> 00:21:04,560
want to do maybe make some 
changes to the code, we can do 

378
00:21:04,560 --> 00:21:08,440
that. 
But it is the closest thing to 

379
00:21:08,440 --> 00:21:12,280
just measurement purely by 
energy available and the amount 

380
00:21:12,280 --> 00:21:15,160
of work it takes to extract that
energy and to turn it into a 

381
00:21:15,160 --> 00:21:18,120
useful energy that we've ever 
had, right. 

382
00:21:18,400 --> 00:21:22,960
So once you realize that you 
start to look at everything a 

383
00:21:22,960 --> 00:21:25,840
little bit differently right it 
very 

384
00:21:40,000 --> 00:21:40,680
OK. 
Here we go. 

385
00:21:40,680 --> 00:21:44,560
Sorry I got a phone call back 
that gives me. 

386
00:21:45,640 --> 00:21:50,840
It changes your viewpoint on 
when you see everything as 

387
00:21:50,840 --> 00:21:52,680
energy. 
I don't even see it as Bitcoin. 

388
00:21:52,680 --> 00:21:54,840
I see it as energy. 
But knowing that Bitcoin is tied

389
00:21:54,840 --> 00:21:57,400
to energy. 
That was when I switched and I 

390
00:21:57,400 --> 00:22:04,040
thought everything I do is money
now thanks to Bitcoin. 

391
00:22:04,680 --> 00:22:09,320
So having been terrible at, you 
know, managing my money and 

392
00:22:09,320 --> 00:22:13,120
finances from, you know, being a
young kid, not understanding it,

393
00:22:13,200 --> 00:22:17,120
and then being in a system I was
so frustrated with, thinking I 

394
00:22:17,120 --> 00:22:21,120
was losing, making terrible 
decisions, Really, I was just 

395
00:22:21,120 --> 00:22:23,560
working within a broken system. 
Some people are better at 

396
00:22:23,560 --> 00:22:26,920
playing that broken system than 
others, but it didn't make sense

397
00:22:26,920 --> 00:22:28,960
to me. 
Now all of a sudden, when I 

398
00:22:28,960 --> 00:22:32,480
think of energy, I'm like, OK, 
well, do I go to the gym today 

399
00:22:32,480 --> 00:22:34,600
or not? 
Do I, Would I rather spend my 

400
00:22:34,600 --> 00:22:37,880
energy going to the gym or would
I rather spend my energy here? 

401
00:22:38,320 --> 00:22:42,200
And then I think, well, the gym 
is energy, this is energy. 

402
00:22:42,320 --> 00:22:44,440
So this is SAT's, this is SAT's,
This is Money. 

403
00:22:44,440 --> 00:22:46,840
This is Money. 
You know, it was a this, this 

404
00:22:46,840 --> 00:22:50,560
amazing switch flipped. 
And I think that's probably when

405
00:22:50,560 --> 00:22:53,640
the, you know, that's probably 
the orange pill moment and I was

406
00:22:53,640 --> 00:22:55,880
pulled out of the matrix and I'm
like I can't go back now. 

407
00:22:56,440 --> 00:23:00,600
I can't go back. 
And so now it's easier for me to

408
00:23:00,600 --> 00:23:05,040
say, do I need to buy a new car 
or do I want to store some 

409
00:23:05,040 --> 00:23:09,800
energy for for the future, or do
I want to do I need to spend 

410
00:23:09,800 --> 00:23:12,760
money on this food or do I want 
to sport? 

411
00:23:12,760 --> 00:23:14,560
Well, you know, in that case, I 
want to spend the money on the 

412
00:23:14,560 --> 00:23:16,720
food, right? 
So it's like it's like you weigh

413
00:23:16,720 --> 00:23:21,760
things in energy in a new way, 
that the benefits are so clear 

414
00:23:21,760 --> 00:23:25,240
and so obvious to you that it 
just makes it so much easier to 

415
00:23:25,240 --> 00:23:28,040
make smarter decisions for your 
future, for your financial 

416
00:23:28,040 --> 00:23:30,560
future, and then also for your 
personal well-being. 

417
00:23:30,560 --> 00:23:33,840
It transfers out of finances and
just into every aspect of your 

418
00:23:33,840 --> 00:23:35,560
life. 
Is this relationship good for 

419
00:23:35,560 --> 00:23:36,720
me? 
What's it costing me? 

420
00:23:37,120 --> 00:23:38,520
What's it costing me energy 
wise? 

421
00:23:38,520 --> 00:23:41,080
What's it costing me time wise? 
Do I want to work with this 

422
00:23:41,080 --> 00:23:42,080
person? 
Do I not? 

423
00:23:42,080 --> 00:23:45,920
Do I trust this person? 
Do I not, You know, do I? 

424
00:23:45,960 --> 00:23:48,520
Do I want to live here? 
Do I want to live there? 

425
00:23:49,360 --> 00:23:53,240
It all makes those decisions 
easier in a very unique way. 

426
00:23:53,320 --> 00:23:56,760
And that's why I think it's so 
interesting that we are what 

427
00:23:56,760 --> 00:23:59,200
we're doing is finally taking 
our decisions and tying them 

428
00:23:59,200 --> 00:24:02,120
directly to energy and Bitcoin 
is just the throughput. 

429
00:24:02,120 --> 00:24:05,760
So Bitcoin is cool, but really 
that energy to our decision 

430
00:24:05,760 --> 00:24:08,640
making connection is what is so 
makes it so profound. 

431
00:24:13,680 --> 00:24:17,760
Dude, I love this answer. 
This is while you started 

432
00:24:17,760 --> 00:24:20,960
talking. 
I was looking up a podcast that 

433
00:24:21,160 --> 00:24:24,720
made this click for me, and it's
not even a Bitcoin podcast. 

434
00:24:25,240 --> 00:24:29,680
It's a I'm going to say it and 
I'll I'll try to think about 

435
00:24:30,280 --> 00:24:33,680
linking it in the show notes. 
But it's on the Aubrey Marcus 

436
00:24:33,680 --> 00:24:38,480
podcast and the title is The 
Shocking Truth About Our Energy 

437
00:24:38,480 --> 00:24:42,720
Crisis with Nate Hagen's. 
He's an energy expert and they 

438
00:24:42,720 --> 00:24:45,000
talk about all different kinds 
of things. 

439
00:24:45,000 --> 00:24:49,920
But at one point he says just 
also for the people listening, 

440
00:24:50,000 --> 00:24:54,920
look around you wherever you are
listening and everything you see

441
00:24:55,200 --> 00:24:59,640
has cost energy to create or 
still costs energy to maintain, 

442
00:25:00,000 --> 00:25:02,680
right. 
So I see books made of paper and

443
00:25:02,680 --> 00:25:07,720
plants here, and I have a tea on
the table and you know, I have 

444
00:25:07,720 --> 00:25:10,640
this screen in front of me like 
I have everything. 

445
00:25:10,960 --> 00:25:13,320
I don't know. 
You know, I had a Carpenter fix 

446
00:25:13,320 --> 00:25:16,600
the fix the door here. 
Like, everything is energy. 

447
00:25:16,880 --> 00:25:22,080
And like, when I listened to 
that podcast, I was like, yeah, 

448
00:25:22,080 --> 00:25:24,480
this is really it. 
Like, this is really it, right? 

449
00:25:24,480 --> 00:25:27,120
And that's also like what you 
said about gold. 

450
00:25:27,120 --> 00:25:31,120
Gold is actually really the 
money based on gold is really 

451
00:25:31,120 --> 00:25:33,720
the closest we got to energy. 
Money, right? 

452
00:25:33,720 --> 00:25:39,080
Because gold is also condensed 
energy within that piece of 

453
00:25:39,080 --> 00:25:41,600
gold, right, created by the 
earth. 

454
00:25:41,600 --> 00:25:45,640
So it does make sense to to 
create a paper currency that is 

455
00:25:45,640 --> 00:25:49,720
backed by the rocks, right? 
But as you mentioned, it's 

456
00:25:49,720 --> 00:25:52,520
difficult to transfer and we 
know we know all these things, 

457
00:25:52,840 --> 00:25:56,680
right? 
But yeah, once you see that and 

458
00:25:56,680 --> 00:26:02,760
then how I visualize Bitcoin as 
being digital energy, right, 

459
00:26:02,760 --> 00:26:06,920
it's physical energy transformed
into a digital asset. 

460
00:26:06,920 --> 00:26:09,760
And I think I also have this 
from Saylor. 

461
00:26:09,760 --> 00:26:13,840
But at one point he described it
as like if you visualize like a 

462
00:26:13,960 --> 00:26:20,120
3D cube, and that cube is 1 
Bitcoin and that is made-up of 

463
00:26:20,120 --> 00:26:23,960
100 million little cubes, right,
The Satoshi's. 

464
00:26:24,480 --> 00:26:28,560
And this Bitcoin is created 
through the usage of physical 

465
00:26:28,560 --> 00:26:30,320
energy. 
And that physical energy is 

466
00:26:30,320 --> 00:26:35,400
taken and it's all put into 
these 100 million little blocks 

467
00:26:35,680 --> 00:26:39,280
and it's captured there. 
It's not physically captured 

468
00:26:39,280 --> 00:26:41,800
there. 
It's digitally represented 

469
00:26:42,640 --> 00:26:44,360
through the proof of work, 
right? 

470
00:26:44,600 --> 00:26:48,120
So you know that that one 
Bitcoin with the 100 million 

471
00:26:48,360 --> 00:26:53,200
little subunits was created by 
using real energy. 

472
00:26:53,760 --> 00:26:56,720
And then when you go to what you
just said, right. 

473
00:26:57,000 --> 00:27:01,960
If money is a way to exchange 
energy with each other, we want 

474
00:27:01,960 --> 00:27:06,360
to use money that is actually 
created by using energy because 

475
00:27:06,360 --> 00:27:10,280
only then it has the right 
representation of the exchange 

476
00:27:10,280 --> 00:27:12,640
that we agree upon with each 
other. 

477
00:27:12,640 --> 00:27:14,840
Whatever it is about that 
doesn't really matter. 

478
00:27:14,840 --> 00:27:15,400
Right. 
Right. 

479
00:27:15,800 --> 00:27:20,960
And so, yeah, I, I, I absolutely
love this. 

480
00:27:20,960 --> 00:27:26,320
And I think that is what 
eventually leads to what a lot 

481
00:27:26,320 --> 00:27:29,040
of people say, you know, if we 
fix the money, we fix the world 

482
00:27:29,040 --> 00:27:32,960
because if we can transact in 
energy, money. 

483
00:27:33,120 --> 00:27:35,600
And I also love this old 
newspaper article. 

484
00:27:35,600 --> 00:27:38,800
I think it's Henry Ford Wright 
who talks about energy, money, 

485
00:27:38,800 --> 00:27:42,640
money backed by electricity. 
I mean, he saw it that this is 

486
00:27:43,200 --> 00:27:49,320
the this is that Bitcoin is 
that, you know, if we fix, if 

487
00:27:49,320 --> 00:27:53,240
the money is not broken anymore 
and we can agree upon whatever, 

488
00:27:53,760 --> 00:27:57,600
you know, whatever you do for me
is worth XYZ, then we have a 

489
00:27:57,600 --> 00:28:00,520
real free market. 
Because then we are sovereign in

490
00:28:00,520 --> 00:28:05,880
our agreements instead of having
a third party being able to 

491
00:28:05,880 --> 00:28:08,560
dilute the thing we use to 
exchange. 

492
00:28:08,560 --> 00:28:11,800
Value and that is the how. 
We fix the world because then we

493
00:28:11,800 --> 00:28:16,480
fix all the prefers incentives. 
Yeah, it's that is so. 

494
00:28:16,720 --> 00:28:21,240
That realization isn't what told
me Bitcoin was so great. 

495
00:28:21,400 --> 00:28:25,080
That realization is what showed 
me money was so was such a 

496
00:28:25,080 --> 00:28:29,480
failure at that, right? 
Like it was or sorry money Fiat 

497
00:28:29,480 --> 00:28:31,960
currency, right. 
It's like you're storing your 

498
00:28:31,960 --> 00:28:36,840
energy and every year you lose 
10% of that value if you're 

499
00:28:36,840 --> 00:28:39,680
storing your energy, whereas 
Bitcoin is the opposite. 

500
00:28:40,360 --> 00:28:45,280
So it I'm taking, I'm getting to
take control of my energy and I 

501
00:28:45,280 --> 00:28:48,560
decide when and where it goes. 
Nobody else can decide that for 

502
00:28:48,560 --> 00:28:50,640
me. 
And like you said, the free 

503
00:28:50,640 --> 00:28:56,680
market, not somebody in 
Washington, you know, at the Fed

504
00:28:56,680 --> 00:29:01,760
or you know at the at a central 
bank or whatever, determines 

505
00:29:02,680 --> 00:29:06,680
where my energy goes right now. 
They're determining where my 

506
00:29:06,680 --> 00:29:09,280
energy. 
And when you think about it and 

507
00:29:09,280 --> 00:29:11,880
you, you talk about Einstein's 
theory of relativity, right? 

508
00:29:11,880 --> 00:29:16,840
I mean, energy is time. 
Those 2GO together, space-time 

509
00:29:16,840 --> 00:29:21,800
and energy are all intertwined. 
So if they're taking my energy, 

510
00:29:22,480 --> 00:29:25,800
they're stealing my time. 
And so I started looking at it 

511
00:29:25,800 --> 00:29:29,520
and saying, oh, well, if I, if I
pay 20% in taxes every year, 

512
00:29:30,040 --> 00:29:36,520
they're taking, you know, what 
is that 3672 days every year 

513
00:29:36,520 --> 00:29:38,720
they're taking for me, that's 
just for taxes. 

514
00:29:39,560 --> 00:29:44,720
And then you take, then you take
inflation and it's like, OK, 

515
00:29:44,720 --> 00:29:47,640
well, it's even more. 
And you say, well, it's only 5% 

516
00:29:47,640 --> 00:29:49,040
inflation. 
No, no, no. 

517
00:29:49,040 --> 00:29:53,720
It was 5% inflation last year. 
If it's 5% inflation this year, 

518
00:29:54,240 --> 00:29:59,680
you take your $100 down to 95 
and then you take another 9 1/2,

519
00:29:59,680 --> 00:30:03,440
you know, $4.25, it compounds, 
right? 

520
00:30:03,640 --> 00:30:06,680
So, so it over that over time 
and over the years, it's like 

521
00:30:06,880 --> 00:30:10,080
they're stealing more and more 
of my years. 

522
00:30:10,440 --> 00:30:14,240
By the time. 
I mean, if you do the math like 

523
00:30:14,920 --> 00:30:23,600
a 10% inflation, a 10% inflation
debasement of your currency, 

524
00:30:23,960 --> 00:30:30,080
right, in 25 years you may have 
saved X number of dollars even 

525
00:30:30,080 --> 00:30:32,320
if you invested at a certain 
percentage, right? 

526
00:30:32,320 --> 00:30:35,640
It's still debases faster than 
any percentage you can get right

527
00:30:35,640 --> 00:30:36,960
now. 
I don't care what they say. 

528
00:30:37,480 --> 00:30:42,280
So somebody was like somebody on
Twitter posted, you can do, 

529
00:30:42,760 --> 00:30:44,640
maybe you can find my tweet. 
I can't remember, but they 

530
00:30:44,640 --> 00:30:48,800
posted and said hey, you want to
have $5,000,000 or $1,000,000 by

531
00:30:48,800 --> 00:30:53,800
in 25 years paid $580 a month, 
put it into these funds, you 

532
00:30:53,800 --> 00:30:57,040
know give 580 a month and then I
and then I did the math and I'm 

533
00:30:57,040 --> 00:31:01,960
like, OK, but you're taking 
$164,000 is what it is, right? 

534
00:31:02,520 --> 00:31:06,520
And if you take 10% inflation 
and it continues even with the 

535
00:31:06,520 --> 00:31:09,800
amount, you're dead. 
You're $5,000,000 or your or 

536
00:31:09,800 --> 00:31:13,960
your $1,000,000 or whatever the 
numbers were at that point in 25

537
00:31:13,960 --> 00:31:17,360
years will only be worth $46,000
in purchasing power. 

538
00:31:18,280 --> 00:31:22,440
So you're spending that time, 
that money, investing into 

539
00:31:22,440 --> 00:31:28,280
$150,000 of today's time. 
So in 25 years you can have 

540
00:31:28,280 --> 00:31:31,800
$50,000 worth of purchasing 
power, right? 

541
00:31:32,280 --> 00:31:34,800
It it, the math doesn't. 
It doesn't. 

542
00:31:34,800 --> 00:31:37,240
Work. 
You're you're putting it in a in

543
00:31:37,280 --> 00:31:41,240
a black hole, yeah, yeah, you're
putting it in a black hole on 

544
00:31:41,240 --> 00:31:45,800
the wrong end basically, right? 
And so it discounts your time, 

545
00:31:46,440 --> 00:31:51,360
it discounts time and energy you
already spent, and it discounts 

546
00:31:51,360 --> 00:31:55,880
time and energy that you perhaps
want to spend somewhere in the 

547
00:31:55,880 --> 00:31:57,800
future, right? 
That's what safety and talks 

548
00:31:57,800 --> 00:32:01,080
about with short short time 
preference, long time 

549
00:32:01,080 --> 00:32:03,480
preference. 
If you cannot save towards the 

550
00:32:03,480 --> 00:32:08,920
future, how can you create time 
for yourself to pursue whatever 

551
00:32:08,920 --> 00:32:12,320
you want to pursue basically if 
you stay stuck in the now. 

552
00:32:13,480 --> 00:32:16,520
Yeah. 
And maybe to add to the 

553
00:32:17,480 --> 00:32:21,680
visualization of the of the cube
with 100 million, you know, 

554
00:32:21,880 --> 00:32:26,200
little parts in it. 
If you, if you see that, 

555
00:32:26,880 --> 00:32:28,880
visualize that. 
And then on the other side, 

556
00:32:28,880 --> 00:32:32,160
think about what, what, what, 
what you just said, David, is 

557
00:32:32,160 --> 00:32:35,880
that all the productivity of 
people is also energy. 

558
00:32:36,040 --> 00:32:38,800
Yes, right. 
So if you do something for me, 

559
00:32:38,800 --> 00:32:43,480
you expend energy and I give you
something that has captured 

560
00:32:43,480 --> 00:32:47,200
energy back and you can save 
that thing until you spend it on

561
00:32:47,200 --> 00:32:49,200
something else that takes 
energy, right. 

562
00:32:49,800 --> 00:32:52,320
So productivity is energy as 
well. 

563
00:32:52,320 --> 00:32:54,560
So what is the bigger thesis of 
Bitcoin? 

564
00:32:54,560 --> 00:32:57,840
Why does Bitcoin grow in in 
value, right? 

565
00:32:58,280 --> 00:33:02,320
If there's 21 million of these 
cubes with physical energy 

566
00:33:02,400 --> 00:33:07,480
captured in a digital way, again
divided by 100 million on that's

567
00:33:07,480 --> 00:33:09,400
on one side and on the other 
side we have all the 

568
00:33:09,400 --> 00:33:13,160
productivity ever of all the 
people now and now and into the 

569
00:33:13,160 --> 00:33:20,320
future, the that productivity is
going to be captured in those 21

570
00:33:20,320 --> 00:33:23,400
million well blocks of Bitcoin. 
Yeah. 

571
00:33:23,720 --> 00:33:28,320
Because this is the best way for
us to exchange that energy with 

572
00:33:28,320 --> 00:33:30,240
each other. 
I think that for me is like the 

573
00:33:30,240 --> 00:33:34,720
bigger the the bigger thesis 
there as to does Bitcoin have 

574
00:33:34,720 --> 00:33:38,720
value or where does it go right?
Slowly but surely people will 

575
00:33:38,720 --> 00:33:42,440
understand that this is the best
way to save the energy that you 

576
00:33:42,440 --> 00:33:46,440
get rewarded, and therefore they
will ask to be paid. 

577
00:33:47,080 --> 00:33:54,000
Absolutely, absolutely. 
And if you think about it, I 

578
00:33:54,520 --> 00:34:00,040
Samson Samsung Mode did, he said
that, you know if you take 8 

579
00:34:00,040 --> 00:34:05,960
billion people, 21,000,000 / 8 
billion, you have like 259,259 

580
00:34:05,960 --> 00:34:10,360
Satoshi's per person. 
I think that number is smaller. 

581
00:34:10,480 --> 00:34:14,159
I think it's about 2:40 because 
I think that I I personally feel

582
00:34:14,159 --> 00:34:17,880
that the million of Satoshi's in
Satoshi's wallet is truly burnt.

583
00:34:18,159 --> 00:34:20,800
I think it's gone. 
And then you have other, you 

584
00:34:20,800 --> 00:34:24,120
know, people that have lost 
Bitcoin that you know that that 

585
00:34:24,719 --> 00:34:28,040
you know that it'll just sit 
there until someone can figure 

586
00:34:28,040 --> 00:34:34,159
out how to recover a wallet. 
But I think I feel that it's 

587
00:34:34,159 --> 00:34:37,480
really like 240,000 Satoshi's 
somewhere around there. 

588
00:34:37,719 --> 00:34:41,960
And if you think about that, 
240,000 Satoshi's could 

589
00:34:41,960 --> 00:34:46,760
encompass all of the 
productivity of a for the entire

590
00:34:46,760 --> 00:34:50,560
life of a single person, right? 
So think. 

591
00:34:50,840 --> 00:34:52,440
So think about that for a 
second. 

592
00:34:52,960 --> 00:34:59,120
If I start working at age 18 or 
20, let's just say 20 as a 

593
00:34:59,120 --> 00:35:04,240
person starts working at 20 and 
they work till age 60 or let's 

594
00:35:04,240 --> 00:35:08,440
say 70, right? 
Those 50 years of whatever, 

595
00:35:08,440 --> 00:35:12,720
their all of their life, all of 
the work they do, all the things

596
00:35:12,720 --> 00:35:16,680
they move, all the effort they 
put forth from getting up to 

597
00:35:16,920 --> 00:35:20,400
going, those houses they live 
in, the food they eat, all of 

598
00:35:20,400 --> 00:35:23,360
that could literally be 
encompassed in 240,000 

599
00:35:23,360 --> 00:35:28,560
Satoshi's. 
That puts Bitcoin into a very 

600
00:35:29,000 --> 00:35:31,080
different perspective and 
number. 

601
00:35:32,640 --> 00:35:37,480
And then as a as people pass 
away that two that 240,000 

602
00:35:37,480 --> 00:35:41,520
Satoshi's or whatever it is goes
into the next person that's born

603
00:35:41,520 --> 00:35:46,040
and becomes their energy, their,
you know, potential for their 

604
00:35:46,040 --> 00:35:49,120
lifetime, right. 
So it's and it's not even that, 

605
00:35:49,120 --> 00:35:52,080
it's even more because you got 
to spend energy to raise that 

606
00:35:52,080 --> 00:35:53,840
kid right to get it up to age 
20. 

607
00:35:54,160 --> 00:35:57,200
So it's like looking at that you
think about that you're like 

608
00:35:57,200 --> 00:36:02,600
man, if I say that just take a 
Fiat term right now and just 

609
00:36:02,600 --> 00:36:07,200
assume that maybe over the 
course the average person over 

610
00:36:07,200 --> 00:36:12,640
the course of their life can 
produce maybe right now in 

611
00:36:12,640 --> 00:36:20,080
today's spending two million, 
$3,000,000 in overall total, you

612
00:36:20,080 --> 00:36:25,320
know work revenue spending, all 
of that right, $3,000,000. 

613
00:36:25,920 --> 00:36:31,880
Well, if a 240,000 Satoshi's is 
worth $3,000,000, what does that

614
00:36:31,880 --> 00:36:36,360
make a Bitcoin target price? 
Now that is a law. 

615
00:36:36,360 --> 00:36:38,400
I think it's a little ways off, 
right? 

616
00:36:38,440 --> 00:36:42,240
We'll we'll always have some, 
but I mean we're talking about 

617
00:36:42,920 --> 00:36:45,400
very difficult to calculate and 
comprehend numbers at that. 

618
00:36:45,400 --> 00:36:47,520
Point we're not 1 billion or 
something. 

619
00:36:47,560 --> 00:36:50,200
Yeah, per Bitcoin, Per Bitcoin, 
right. 

620
00:36:50,200 --> 00:36:53,640
And that Fiat currency is not 
going to change. 

621
00:36:53,840 --> 00:36:59,160
So what's really interesting is 
how do we eventually monetize 

622
00:36:59,160 --> 00:37:02,360
things in Satoshi's? 
Well, you're seeing it real time

623
00:37:02,800 --> 00:37:05,960
in places like El Salvador, 
right? 

624
00:37:05,960 --> 00:37:08,960
With circular economies that are
built directly on Bitcoin. 

625
00:37:10,080 --> 00:37:16,360
They spent, let's say they 
spent, you know, 100 million 

626
00:37:16,360 --> 00:37:20,120
Satoshi's last year on their 
living expenses, right? 

627
00:37:20,200 --> 00:37:23,880
And they earned 100 million 
Satoshi's one Bitcoin, right? 

628
00:37:24,280 --> 00:37:28,920
Well, as the value of Bitcoin 
goes up like it did, now they 

629
00:37:28,920 --> 00:37:34,240
get the same life, but they only
have to spend 500,000 or sorry, 

630
00:37:35,720 --> 00:37:39,200
50 million Satoshi's because 
it's doubled in value. 

631
00:37:39,880 --> 00:37:44,280
So it's you're seeing it happen 
and the more Bitcoin is adopted,

632
00:37:44,280 --> 00:37:46,640
the faster that that drop will 
happen. 

633
00:37:46,920 --> 00:37:50,960
And so Preston Pitch made a 
really good example. 

634
00:37:50,960 --> 00:37:52,600
He's talking about houses, 
right? 

635
00:37:52,600 --> 00:37:56,120
Like we think backwards about a 
real estate, you and I, before 

636
00:37:56,120 --> 00:37:58,440
the call we were talking about 
real estate, right. 

637
00:37:58,680 --> 00:38:02,360
And some of the opportunities 
there, we're looking wrong at 

638
00:38:02,360 --> 00:38:05,720
real estate. 
If you are doing well, your 

639
00:38:05,720 --> 00:38:09,080
house or your business or your 
real estate should be worth 

640
00:38:09,080 --> 00:38:13,240
less, not more, right? 
The reason your house is worth 

641
00:38:13,240 --> 00:38:16,480
more is because you're measuring
it in the system that's broken. 

642
00:38:16,760 --> 00:38:19,520
And so you're just hedging 
against the inflation. 

643
00:38:19,840 --> 00:38:23,720
But realistically, if someone 
comes and buys that house from 

644
00:38:23,720 --> 00:38:25,960
you, you still have to go live 
somewhere else. 

645
00:38:26,320 --> 00:38:28,400
And if you would just want to 
move down the road right next 

646
00:38:28,400 --> 00:38:32,280
door, right, you're you're not 
going to get ahead, right? 

647
00:38:32,280 --> 00:38:34,320
It's the same number. 
You're going to buy that same 

648
00:38:34,320 --> 00:38:36,680
house. 
So it will. 

649
00:38:36,680 --> 00:38:42,400
Maybe your house was worth 50 
Bitcoin, you know, 10 years ago.

650
00:38:42,800 --> 00:38:46,480
Well, now it's worth 10 Bitcoin,
right? 

651
00:38:47,120 --> 00:38:51,120
And then in two or three years, 
it'll be worth 3 Bitcoin, and 

652
00:38:51,120 --> 00:38:53,720
then it'll be worth one Bitcoin.
Then it'll be worth less than a 

653
00:38:53,720 --> 00:38:56,120
Bitcoin. 
So that means the money you're 

654
00:38:56,120 --> 00:39:01,040
using to measure is going up in 
value, giving you actual real 

655
00:39:01,040 --> 00:39:03,920
opportunities to improve your 
life or do things differently, 

656
00:39:04,360 --> 00:39:08,920
right? 
That is a hard concept for us 

657
00:39:08,920 --> 00:39:11,400
because we value everything on 
that Fiat standard. 

658
00:39:11,760 --> 00:39:16,200
So you're basically telling me 
you don't need to accumulate 

659
00:39:16,280 --> 00:39:16,800
more. 
Bitcoin. 

660
00:39:17,800 --> 00:39:19,760
Yeah, we price it. 
Right, right. 

661
00:39:19,760 --> 00:39:21,440
There you go. 
We price it, we don't value it. 

662
00:39:21,440 --> 00:39:25,600
We price it right so. 
So it's it's that is the 

663
00:39:25,600 --> 00:39:29,240
hardest. 
I I I tried to explained that to

664
00:39:29,240 --> 00:39:31,360
a normie not too long ago, a 
good friend of mine. 

665
00:39:31,360 --> 00:39:34,040
And it's like it it just doesn't
compute right. 

666
00:39:34,040 --> 00:39:37,840
They're like no, no, no, you 
know my MY4O1K is going up. 

667
00:39:37,880 --> 00:39:39,800
My investments are going up 
whatever. 

668
00:39:39,800 --> 00:39:43,480
And I said yeah, but they're not
going up enough to beat out 

669
00:39:43,480 --> 00:39:46,920
hyperinflation because it's only
a matter of time before that 

670
00:39:46,920 --> 00:39:51,000
catches up. 
It's every single Fiat dollar in

671
00:39:51,000 --> 00:39:54,240
history has eventually died and 
has been hyperinflated. 

672
00:39:54,240 --> 00:39:57,080
Otherwise we'd still be using 
Denari from Rome, right. 

673
00:39:57,200 --> 00:40:02,120
So it's that is how entrenched 
we are in the system that 

674
00:40:02,120 --> 00:40:06,120
psychologically we have to do. 
You know, we always think 

675
00:40:06,120 --> 00:40:11,920
NGUNGUNGU and really on a 
Bitcoin standard it's NGD number

676
00:40:11,920 --> 00:40:15,360
go down, right? 
I I bought a car at one Bitcoin,

677
00:40:15,400 --> 00:40:19,280
you know, 5-10 years ago now 
with the same Bitcoin I can buy 

678
00:40:19,520 --> 00:40:22,400
five cars. 
That is actually the way that we

679
00:40:22,400 --> 00:40:25,360
need to think and that is what's
so hard psychologically for us 

680
00:40:25,360 --> 00:40:35,200
to do. 
Yeah, yeah, I agree. 

681
00:40:35,200 --> 00:40:40,760
I did this exercise for homes in
my country. 

682
00:40:40,920 --> 00:40:47,000
I took the me immediate, the 
average home selling price per 

683
00:40:47,000 --> 00:40:53,440
month from 2014 until now, 
January 14th, January 2024, and 

684
00:40:53,440 --> 00:41:01,080
then denominated in Bitcoin and 
in 10 years the prices in euros 

685
00:41:01,080 --> 00:41:05,920
went up 92%. 
In the same 10 years Bitcoin 

686
00:41:05,920 --> 00:41:12,120
went up, I think 9100% something
like that. 

687
00:41:12,720 --> 00:41:18,000
And so when you look at the 
average average home selling, in

688
00:41:18,000 --> 00:41:25,680
2014 it was I think 1100 
Bitcoin, and in January this 

689
00:41:25,680 --> 00:41:28,880
year it was 10 Bitcoin, no less,
actually. 

690
00:41:29,320 --> 00:41:34,480
Yeah, 1088 to 10. 
Still people don't understand it

691
00:41:34,480 --> 00:41:38,520
when they see that. 
It's so interesting you know 

692
00:41:38,520 --> 00:41:45,320
what what that implies. 
Yeah, it exactly. 

693
00:41:45,720 --> 00:41:47,480
It feels it's completely 
backwards. 

694
00:41:47,640 --> 00:41:52,280
It makes no sense to the way 
we've been conditioned to value 

695
00:41:52,280 --> 00:41:56,880
things and value our time. 
It's completely backwards from 

696
00:41:56,880 --> 00:41:59,120
how we should be valuing our 
time and our energy. 

697
00:42:02,680 --> 00:42:06,240
Yeah, last thing to add to that,
and I'm talking about this a 

698
00:42:06,240 --> 00:42:12,520
lot, actually last 2-3 weeks. 
Like I love the example of why 

699
00:42:12,520 --> 00:42:17,760
is it funny that a bread was 
$0.25 fifty years ago and it's 

700
00:42:17,760 --> 00:42:21,720
four or $5 now? 
Like, make it make sense, you 

701
00:42:21,720 --> 00:42:26,800
know, if you believe that humans
strive for optimization and 

702
00:42:26,800 --> 00:42:31,280
efficiency through innovating in
technology, everything, you 

703
00:42:31,280 --> 00:42:32,640
know. 
This is what Jeff Booth says, 

704
00:42:32,640 --> 00:42:35,160
right? 
Everything should fall down to 

705
00:42:35,160 --> 00:42:38,280
the prices should fall to the 
marginal cost of production. 

706
00:42:38,560 --> 00:42:44,120
So we should basically have free
bread now more nutritious than 

707
00:42:44,120 --> 00:42:49,240
the bread of 50 years ago and 
not have $5 breads. 

708
00:42:49,560 --> 00:42:53,680
It's we are going back in time. 
It's like the breads is a new 

709
00:42:53,680 --> 00:42:56,640
invention, right? 
And it's coming on the market at

710
00:42:56,640 --> 00:42:58,320
a high price point. 
But. 

711
00:42:58,800 --> 00:43:03,800
That is not the case. 
No, no, it's So let me let me 

712
00:43:03,800 --> 00:43:09,240
say this. 
When I was in 20 probably 15 or 

713
00:43:09,240 --> 00:43:12,760
16, I read Rich Dad, Poor Dad, 
Kiyosaki, right. 

714
00:43:13,400 --> 00:43:16,920
And he is a very polarizing 
figure in Bitcoin. 

715
00:43:16,920 --> 00:43:19,880
Right. 
He's he he's I don't know. 

716
00:43:19,920 --> 00:43:22,480
I I it doesn't matter what your 
opinion of of him is. 

717
00:43:22,480 --> 00:43:25,680
But honestly he's the first 
person that ever put it into my 

718
00:43:25,680 --> 00:43:30,560
mind reading that book that if 
you have a he said a good 

719
00:43:30,560 --> 00:43:35,000
society and I think he he didn't
I'm gonna have to go look it up.

720
00:43:35,000 --> 00:43:37,240
I don't know if he said sound 
money, but he said a good 

721
00:43:37,240 --> 00:43:41,320
society and that has good 
processes and good innovations. 

722
00:43:42,240 --> 00:43:46,440
He said the price of everything 
you do or use in life should go 

723
00:43:46,440 --> 00:43:50,000
down. 
The price of it, the cost of it.

724
00:43:50,080 --> 00:43:54,400
And I was like wow, that's is 
that even possible? 

725
00:43:54,400 --> 00:43:57,360
And that was years before I 
really, you know, got into 

726
00:43:57,360 --> 00:44:00,120
Bitcoin, right. 
I might have actually read that,

727
00:44:00,120 --> 00:44:01,560
even read that book before I 
heard a Bitcoin. 

728
00:44:01,560 --> 00:44:08,160
I can't remember when it came 
out, but it was just it it that 

729
00:44:08,160 --> 00:44:11,680
was eye opening to me and 
something I thought about a lot 

730
00:44:11,680 --> 00:44:13,320
and I was like, how do you do 
that? 

731
00:44:13,320 --> 00:44:17,080
Well, then I thought, OK, well 
you know, you're, you're picking

732
00:44:17,160 --> 00:44:20,000
the apple illustration is good 
and easy, right? 

733
00:44:20,000 --> 00:44:23,920
It's like the apple still takes 
the same amount of sun, the same

734
00:44:23,920 --> 00:44:26,440
amount of space, the same amount
of time, the same amount of 

735
00:44:26,440 --> 00:44:31,640
water to grow as it always has 
right as far back as you want to

736
00:44:31,640 --> 00:44:34,240
go. 
So why was an apple a nickel 

737
00:44:35,360 --> 00:44:40,560
20304050 years ago? 
And now it's like $0.50, right? 

738
00:44:40,560 --> 00:44:43,600
So it's like, why is it? 
And there and I, I've had a 

739
00:44:43,600 --> 00:44:46,040
conversation with an economist. 
This was really interesting. 

740
00:44:46,080 --> 00:44:50,720
I was in DC at a bar and we'd 
all had too much to drink. 

741
00:44:50,720 --> 00:44:52,960
So the conversation got a little
rowdy. 

742
00:44:52,960 --> 00:44:56,560
But I was talking to someone 
that literally used to work in 

743
00:44:56,960 --> 00:45:00,960
at at the US Central Bank and 
someone that used to work at the

744
00:45:00,960 --> 00:45:02,760
Federal Reserve. 
And I was like, where am I going

745
00:45:02,760 --> 00:45:04,800
to get this opportunity to ask 
him these questions? 

746
00:45:04,800 --> 00:45:06,480
Right. 
So I started asking him these 

747
00:45:06,480 --> 00:45:10,000
questions and every time I say 
something, ask a question, I 

748
00:45:10,000 --> 00:45:11,800
say, listen, I'm going to put 
parameters around it. 

749
00:45:11,800 --> 00:45:15,080
I need you guys to stay in the 
ring here in the guardrails, 

750
00:45:15,120 --> 00:45:17,080
right? 
We can go down this path but 

751
00:45:17,080 --> 00:45:22,520
stay between here And I'd say if
I have, you know, the land of 

752
00:45:22,880 --> 00:45:28,160
David and I make, you know, 
$2.00 and I give you each a 

753
00:45:28,160 --> 00:45:30,440
dollar and there's one apple, 
right? 

754
00:45:30,440 --> 00:45:34,240
What is that apple worth to keep
you for you to survive? 

755
00:45:34,240 --> 00:45:37,120
And they're like, well, I don't 
know. 

756
00:45:37,120 --> 00:45:39,240
I said, well, if you don't have 
the apple, you're going to die. 

757
00:45:39,360 --> 00:45:40,600
What's? 
And you each have a dollar. 

758
00:45:40,600 --> 00:45:42,680
What's it worth? 
And like, well, it's worth a 

759
00:45:42,680 --> 00:45:45,280
dollar. 
I said, right, so who I whoever 

760
00:45:45,280 --> 00:45:47,080
gets to me first gets the apple,
They survive. 

761
00:45:47,080 --> 00:45:48,200
Right? 
And I have a dollar now. 

762
00:45:48,440 --> 00:45:52,080
And now you have the apple and 
then you grow an apple. 

763
00:45:52,080 --> 00:45:54,480
Same thing, right. 
It's only worth $1.00. 

764
00:45:54,680 --> 00:45:58,560
I said, but what if I take and I
give you each $2.00, then what's

765
00:45:58,560 --> 00:46:01,680
the apple worth? 
And they're like, oh, well, 

766
00:46:01,680 --> 00:46:04,120
it's, you know, it's worth 
$2.00. 

767
00:46:04,120 --> 00:46:05,880
I said, right. 
What changed? 

768
00:46:06,080 --> 00:46:08,400
The only thing that changes, the
amount of money in the system. 

769
00:46:08,800 --> 00:46:10,200
That is the only thing that 
changed. 

770
00:46:10,200 --> 00:46:12,520
Right. 
And I said, so I believe that 

771
00:46:12,520 --> 00:46:17,480
the money in circulation is the 
only reason for inflation. 

772
00:46:18,120 --> 00:46:21,360
And they're like, well, no, I 
was like, well, why not? 

773
00:46:21,520 --> 00:46:25,640
And they said, well, well, you 
know, we need debt for 

774
00:46:25,640 --> 00:46:27,800
innovation. 
We need debt for new technology.

775
00:46:27,800 --> 00:46:31,480
When I said, well, why? 
I said if you don't have a 

776
00:46:31,480 --> 00:46:34,240
dollar and you're going to 
starve, if you don't get that 

777
00:46:34,240 --> 00:46:39,000
apple, you have motivation to go
out and figure out another way 

778
00:46:39,000 --> 00:46:43,480
to get an app, right. 
I said but there's there's no 

779
00:46:43,480 --> 00:46:45,760
way to issue debt. 
Take that out of the picture. 

780
00:46:46,120 --> 00:46:48,000
How does that apple increase in 
value? 

781
00:46:48,840 --> 00:46:51,760
And they said, well it doesn't. 
And I said bingo, right. 

782
00:46:51,960 --> 00:46:54,360
But then they start saying but 
it's not that simple. 

783
00:46:54,360 --> 00:46:57,600
It's not, it's complicated. 
You have supply and demand, you 

784
00:46:57,600 --> 00:46:59,240
have other countries or 
whatever, all this stuff or 

785
00:46:59,240 --> 00:47:00,680
whatever. 
And I'm like, I'm like you're 

786
00:47:00,680 --> 00:47:03,600
just over complicating it. 
It's really that simple. 

787
00:47:04,040 --> 00:47:07,920
But until you see it and really 
understand, take the time to 

788
00:47:07,920 --> 00:47:11,160
absorb and understand it and 
they're going to be, they're 

789
00:47:11,160 --> 00:47:13,160
going to be a longer turn than I
am, right? 

790
00:47:13,160 --> 00:47:16,840
Because they are literally 
living and working and breathing

791
00:47:16,840 --> 00:47:20,000
every day in that money system. 
So they're buying all of the 

792
00:47:20,000 --> 00:47:23,600
lies, all of the works, all of 
the inefficiencies and they're 

793
00:47:23,600 --> 00:47:25,400
living in it. 
That's where they're living, is 

794
00:47:25,760 --> 00:47:28,720
they make their value in the 
inefficiencies of our Fiat 

795
00:47:28,720 --> 00:47:31,400
system. 
And so there's a great fun 

796
00:47:31,400 --> 00:47:33,920
conversation, right. 
And eventually we just had to 

797
00:47:33,920 --> 00:47:37,000
say agree to disagree, let's 
enjoy our drinks. 

798
00:47:37,000 --> 00:47:41,360
But they it it was really 
interesting to see someone that 

799
00:47:41,360 --> 00:47:44,120
was my only opportunity I've 
ever had to to to talk to 

800
00:47:44,120 --> 00:47:49,120
someone on that level that 
personally in the Fiat system. 

801
00:47:49,560 --> 00:47:54,320
And it really just came down to 
they won't understand it because

802
00:47:54,320 --> 00:47:57,080
it's not complicated enough. 
They feel like if it's not 

803
00:47:57,080 --> 00:47:58,800
complicated enough, it can't be 
right. 

804
00:47:59,360 --> 00:48:03,200
And if I don't understand it or 
I disagree with it, I'm just not

805
00:48:03,200 --> 00:48:05,240
smart enough, right? 
I haven't gone to the right 

806
00:48:05,240 --> 00:48:07,680
universities and I haven't 
studied economics the way they 

807
00:48:07,680 --> 00:48:10,560
have. 
So that was a very interesting 

808
00:48:10,800 --> 00:48:13,880
eye opening experience. 
And that tells me it's going to 

809
00:48:13,880 --> 00:48:16,640
be when the dollar goes, and it 
will. 

810
00:48:17,000 --> 00:48:19,160
It's going to be tough. 
It's going to be hard. 

811
00:48:19,160 --> 00:48:21,800
It's going to be violent. 
It's going to be like, you know,

812
00:48:21,840 --> 00:48:24,760
Zimbabwe or whatever, right? 
It's going to be like all those 

813
00:48:24,760 --> 00:48:28,800
other places where the dollar 
has been hyperinflated and it'll

814
00:48:28,800 --> 00:48:32,240
hit us harder, harder, harder 
every year, and it'll get harder

815
00:48:32,240 --> 00:48:37,640
and harder and harder. 
Yeah, your Internet was lagging 

816
00:48:37,680 --> 00:48:39,400
a bit. 
So I hope people got that, but 

817
00:48:39,400 --> 00:48:41,840
we'll see that in the, we'll see
that in the edit. 

818
00:48:43,360 --> 00:48:48,880
But yeah, to to add to that, 
what I find interesting in the 

819
00:48:48,880 --> 00:48:51,280
example of the apple is is 
great, right. 

820
00:48:51,600 --> 00:48:55,120
Going back to what we talked 
about with energy, it still 

821
00:48:55,160 --> 00:48:58,520
takes the same amount of energy 
to create the apple like you 

822
00:48:58,520 --> 00:49:02,360
said. 
So why does it need more units 

823
00:49:02,360 --> 00:49:05,320
representing the same energy to 
pay for it? 

824
00:49:05,320 --> 00:49:09,640
This is really what people need 
to wrap their heads, heads 

825
00:49:09,640 --> 00:49:11,800
around. 
And once you understand that, 

826
00:49:11,800 --> 00:49:16,440
you also then understand that 
the value of your home, you 

827
00:49:16,440 --> 00:49:20,120
know, didn't go up, the price 
went up because the value of 

828
00:49:20,120 --> 00:49:23,480
what you price it in went down. 
It's the same as the apple. 

829
00:49:23,480 --> 00:49:26,760
It's it's not, it's not 
different because then people 

830
00:49:26,760 --> 00:49:28,680
will say, well, homes are 
different than apples. 

831
00:49:28,680 --> 00:49:30,960
No, no, no, it's it's the same 
principle, right? 

832
00:49:31,440 --> 00:49:34,200
And I also love what you said 
about these guys explaining 

833
00:49:34,200 --> 00:49:36,880
like, oh, it's way more 
difficult than you think, blah 

834
00:49:36,880 --> 00:49:39,080
blah. 
I've spent ten years in the 

835
00:49:39,080 --> 00:49:42,080
startup world. 
I've heard thousands of ideas. 

836
00:49:42,080 --> 00:49:46,960
I've learned that if you have to
substantiate your idea with more

837
00:49:46,960 --> 00:49:50,560
and more and more words and 
explanations, it's a bad idea, 

838
00:49:50,840 --> 00:49:53,440
right? 
Like you can have a good idea in

839
00:49:53,440 --> 00:49:57,320
two to four sentences, But then 
if someone asks a question, 

840
00:49:57,560 --> 00:50:04,240
right, if your idea creates more
questions than than answers, and

841
00:50:04,240 --> 00:50:09,160
then you have to, you know, give
a speech as to why that is a bad

842
00:50:09,160 --> 00:50:11,000
question. 
Or no, no, no, it's not the 

843
00:50:11,000 --> 00:50:13,160
case. 
Then it's just a bad idea. 

844
00:50:13,240 --> 00:50:18,520
If you cannot convey it in 2345 
sentences, yes, it's just a bad 

845
00:50:18,520 --> 00:50:20,680
idea. 
So interesting experience there 

846
00:50:20,680 --> 00:50:22,880
because they that is their 
defense. 

847
00:50:22,880 --> 00:50:25,800
Their defense is to talk where 
in Bitcoin. 

848
00:50:25,800 --> 00:50:28,320
I love that. 
You know it's the work, It's the

849
00:50:28,320 --> 00:50:29,440
walk. 
You can check. 

850
00:50:29,440 --> 00:50:31,600
You don't. 
Anyone listening to us doesn't 

851
00:50:31,600 --> 00:50:35,200
have to believe us. 
You can check that this money 

852
00:50:35,200 --> 00:50:40,120
system actually works like this.
It's audited by 18 1/2 thousand 

853
00:50:40,120 --> 00:50:42,040
computers every 10 minutes, 
right? 

854
00:50:42,160 --> 00:50:44,720
And the Federal Reserve in 
America has never been audited. 

855
00:50:44,880 --> 00:50:48,080
But you should believe two 
random faceless people you 

856
00:50:48,080 --> 00:50:50,520
didn't elect based on their 
words, right? 

857
00:50:50,520 --> 00:50:55,440
Like that should become more 
people's principle, right? 

858
00:50:55,440 --> 00:50:57,360
Like I should not listen to this
person. 

859
00:50:57,400 --> 00:51:00,920
I should they should give me the
option to validate and verify if

860
00:51:00,920 --> 00:51:06,440
what they say is true. 
Yeah, it's I I read a book by an

861
00:51:06,440 --> 00:51:10,680
author called Bo Lozoff L0Z 0FF,
And you're muted. 

862
00:51:11,440 --> 00:51:15,360
Nope. 
Can you hear me now? 

863
00:51:15,800 --> 00:51:17,640
Am I on there now? 
Yes. 

864
00:51:18,240 --> 00:51:23,200
OK, so I read a book by a 
gentleman called Bo Lozoff L0Z 

865
00:51:23,200 --> 00:51:27,760
0VF F and I actually heard about
him when I read Mr. Rogers 

866
00:51:28,840 --> 00:51:32,080
biography. 
He was a big fan of Bo's work 

867
00:51:32,200 --> 00:51:35,880
and and his writings. 
And he has a book called Deep 

868
00:51:35,880 --> 00:51:41,960
and Simple and he says that all 
thoughts and ideas that are that

869
00:51:41,960 --> 00:51:47,880
are true right are truly simple 
and easy to understand but deep 

870
00:51:47,880 --> 00:51:54,120
and difficult to comprehend as 
opposed to complicated and 

871
00:51:54,120 --> 00:51:58,480
shallow right. 
And so that was a very, and he 

872
00:51:58,480 --> 00:52:02,800
used that from kind of a 
spiritual background to help 

873
00:52:03,520 --> 00:52:06,880
rehabilitate criminals and and 
violent offenders and things 

874
00:52:06,880 --> 00:52:09,400
like that. 
He was very, it wasn't like 

875
00:52:09,400 --> 00:52:12,320
religion specific, right. 
But it was a very interesting 

876
00:52:12,560 --> 00:52:14,160
take. 
And he said, you know, it's like

877
00:52:14,960 --> 00:52:17,600
he, he was a Christian. 
So, you know, as a Christian 

878
00:52:17,600 --> 00:52:19,440
it's like very easy. 
I believe someone made a 

879
00:52:19,440 --> 00:52:22,600
sacrifice for me. 
And I feel like I want base 

880
00:52:22,600 --> 00:52:25,080
based on that love. 
I want to live my life the way 

881
00:52:25,400 --> 00:52:28,000
that, you know, kind of we're 
giving to others, right? 

882
00:52:28,000 --> 00:52:31,720
So it's like it's a very simple 
idea, but it's hard to put into 

883
00:52:31,720 --> 00:52:33,200
practice and hard to really 
comprehend. 

884
00:52:33,200 --> 00:52:35,960
It's deep, right? 
And so he would take those 

885
00:52:35,960 --> 00:52:37,360
ideas. 
Bitcoin is like that. 

886
00:52:37,840 --> 00:52:40,280
It's a very simple idea, very 
simple. 

887
00:52:40,920 --> 00:52:44,200
Something I am proud of is, you 
know, people post, it's like, 

888
00:52:44,200 --> 00:52:50,960
hey, 100,000 Sats, I'll give you
100,000 Sats, you know, for the 

889
00:52:50,960 --> 00:52:52,960
best answer to this question or 
whatever. 

890
00:52:52,960 --> 00:52:56,880
Right. 
And somebody posted on X and I 

891
00:52:56,880 --> 00:53:00,000
responded that it said describe 
Bitcoin in three sentences, 

892
00:53:00,120 --> 00:53:02,120
right. 
And I was like, man, that's 

893
00:53:02,120 --> 00:53:03,800
that's tough. 
It's like everybody was saying, 

894
00:53:03,800 --> 00:53:05,040
oh, it's this, this and this and
this. 

895
00:53:05,040 --> 00:53:08,000
And people were writing whole 
paragraphs and you're like, that

896
00:53:08,000 --> 00:53:11,360
is not a, that's not three 
sentences, right. 

897
00:53:11,360 --> 00:53:15,680
But it was, it was very simple. 
How do you describe it to 

898
00:53:15,680 --> 00:53:19,320
someone who's never heard of it?
And it's essentially, I just got

899
00:53:19,320 --> 00:53:21,960
had three really basic points. 
It's one. 

900
00:53:22,280 --> 00:53:26,560
It enables you to store your 
time and your energy in a way 

901
00:53:26,560 --> 00:53:28,480
that it can't be stolen and 
taken from you. 

902
00:53:29,600 --> 00:53:38,040
And it also it's a way for you 
to be your own bank, store your 

903
00:53:38,040 --> 00:53:40,840
time and energy in a way that no
one else can steal it from you, 

904
00:53:42,320 --> 00:53:45,920
giving you the opportunity to 
better plan for your future or 

905
00:53:45,920 --> 00:53:48,840
something like that, right? 
It was super simple, but at the 

906
00:53:48,840 --> 00:53:52,520
core of what Bitcoin is, that's 
what it does. 

907
00:53:53,760 --> 00:53:55,040
I've got some connectivity 
issues. 

908
00:53:55,040 --> 00:53:58,240
Hopefully I'm coming through 
here or at least at the end will

909
00:53:58,240 --> 00:54:03,680
it'll edit. 
But that was it's a very simple,

910
00:54:03,680 --> 00:54:09,440
it's a very simple idea, but it 
takes so long to absorb it and 

911
00:54:09,440 --> 00:54:13,600
understand it because it's it's 
the ramifications are so deep. 

912
00:54:15,680 --> 00:54:22,040
Yeah, I actually had a I had a 
conversation with my friend 

913
00:54:22,040 --> 00:54:27,960
today about why we, I don't 
know, we talked that we ended up

914
00:54:27,960 --> 00:54:30,800
with, like, you know, it is 
really true that the journey is 

915
00:54:30,800 --> 00:54:32,800
more important than the 
destination. 

916
00:54:32,800 --> 00:54:36,080
And then we had to laugh, right?
Like, oh, that's such an old 

917
00:54:36,080 --> 00:54:39,920
saying. 
Like, it's so dorky and simple, 

918
00:54:39,920 --> 00:54:43,920
but it's always true, right? 
And but at one point, someone 

919
00:54:44,040 --> 00:54:48,960
came up with this, fought, and 
enough people actually agreed 

920
00:54:48,960 --> 00:54:53,520
with it for it to become a thing
that, you know, survived through

921
00:54:53,520 --> 00:54:55,800
time. 
And it's still something that we

922
00:54:55,800 --> 00:54:58,880
use today, right? 
And so we talked about it like, 

923
00:54:58,880 --> 00:55:03,680
why does it sound why? 
Why, why do we think it's dumb? 

924
00:55:03,720 --> 00:55:07,800
It's it's kind of dorky, right? 
And then we agreed that it's 

925
00:55:07,800 --> 00:55:09,480
kind of like this ego thing, 
right? 

926
00:55:09,480 --> 00:55:13,720
Because you can. 
When you actually have 

927
00:55:13,720 --> 00:55:18,560
experienced a certain journey, 
you know that that journey was 

928
00:55:18,720 --> 00:55:21,800
way more fun and valuable than 
where you ended up, right? 

929
00:55:21,800 --> 00:55:25,080
You've you can feel that if you 
actually had that type of 

930
00:55:25,080 --> 00:55:27,960
experience. 
But when someone says the 

931
00:55:27,960 --> 00:55:30,320
journey is more important than 
the destination, you start to 

932
00:55:30,360 --> 00:55:34,200
think, you know, rationally 
think I think like, Oh no, it 

933
00:55:34,200 --> 00:55:37,400
could not be that simple. 
It is blah blah blah, like all 

934
00:55:37,400 --> 00:55:40,560
these say like you, you think of
stuff to add to that, right? 

935
00:55:40,680 --> 00:55:42,680
And I think here it's the same 
thing with Bitcoin. 

936
00:55:42,680 --> 00:55:47,600
It's it's an it's an it's an ego
test in that, in that sense, 

937
00:55:47,880 --> 00:55:54,160
right, that if now, now, shit 
now I lost my train of thought. 

938
00:55:54,200 --> 00:56:01,680
But what I wanted to say is like
with Bitcoin, I feel like it is 

939
00:56:02,000 --> 00:56:05,160
exactly as you said. 
It's a simple but very profound 

940
00:56:05,160 --> 00:56:09,560
idea, right? 
We should use a money where 

941
00:56:09,560 --> 00:56:12,560
energy is captured to exchange 
energy with each other, as we 

942
00:56:12,560 --> 00:56:16,840
just talked about. 
But then there's so much history

943
00:56:17,080 --> 00:56:20,960
before before this, right? 
There's so much contextual 

944
00:56:20,960 --> 00:56:24,560
information that that people can
use to mislead. 

945
00:56:25,720 --> 00:56:29,520
Perhaps your initial feeling of 
that sounds like a good idea, 

946
00:56:29,520 --> 00:56:31,800
right? 
And they throw you into this 

947
00:56:32,080 --> 00:56:37,120
rational thinking distraction 
hall and try to bamboozle you 

948
00:56:37,120 --> 00:56:42,080
basically with all these, you 
know, models and Keynesian and 

949
00:56:42,080 --> 00:56:46,960
blah blah like all the all these
things and you know eventually 

950
00:56:46,960 --> 00:56:50,640
and and every time I say stuff 
like this, I feel like some 

951
00:56:50,640 --> 00:56:52,960
people listening to me will 
definitely find me like 

952
00:56:53,240 --> 00:56:55,120
arrogant, right? 
Like look at him talk or blah 

953
00:56:55,120 --> 00:56:57,040
blah. 
But it really like once you are 

954
00:56:57,040 --> 00:57:00,200
here it's just like why doesn't 
everyone see this? 

955
00:57:00,200 --> 00:57:05,080
Why are we letting ourselves 
being manipulated by these third

956
00:57:05,080 --> 00:57:11,160
party faceless people that we 
don't know and they are like 

957
00:57:11,160 --> 00:57:15,240
messing up our time preference 
basically and our energy 

958
00:57:15,240 --> 00:57:19,640
allocation because of that. 
I don't, I don't even know how 

959
00:57:19,640 --> 00:57:23,000
to say it differently. 
Like this is where you end up, 

960
00:57:23,000 --> 00:57:24,960
right? 
And like 2 weeks ago I had a 

961
00:57:24,960 --> 00:57:29,800
conversation with a guy, very 
smart guy, CTO of a company and 

962
00:57:29,800 --> 00:57:32,520
we talked about Bitcoin and he 
was like, yeah, but I don't 

963
00:57:32,520 --> 00:57:35,240
think it's going to be anything.
But he understood everything 

964
00:57:35,240 --> 00:57:41,040
about the money being broken and
the time preference being how to

965
00:57:41,040 --> 00:57:43,120
say corrupted and and all these 
things. 

966
00:57:43,480 --> 00:57:45,720
But then he said, like, yeah, 
but I still think people are 

967
00:57:45,800 --> 00:57:50,800
people are egotistical and and 
they will, you know, abuse each 

968
00:57:50,800 --> 00:57:53,280
other, etcetera, etcetera. 
And then I asked him, like, hey,

969
00:57:53,280 --> 00:57:55,840
do you have kids right? 
Because I well, for me it's a 

970
00:57:55,840 --> 00:57:59,640
big motivation to see if I can 
be part of something that can 

971
00:57:59,760 --> 00:58:02,800
fix the money, right? 
And he said no, no, but that's 

972
00:58:02,800 --> 00:58:05,800
also a reason because I I don't 
have kids. 

973
00:58:06,160 --> 00:58:09,880
And for me it was the first 
time, like, I know that some 

974
00:58:09,880 --> 00:58:12,160
people think like this, right? 
But for me it was really the 

975
00:58:12,160 --> 00:58:15,680
first time I had like a face to 
face conversation with someone I

976
00:58:17,400 --> 00:58:20,920
deemed intellectual and 
intelligent and open minded. 

977
00:58:20,920 --> 00:58:24,600
And then he said that and that 
actually made me super sad man. 

978
00:58:24,600 --> 00:58:27,720
When I thought like, and I also 
said that to him, I said, well, 

979
00:58:27,720 --> 00:58:32,720
so you basically gave up. 
Like you give up to the faceless

980
00:58:32,960 --> 00:58:35,960
third party people that just 
influenced your life. 

981
00:58:36,640 --> 00:58:42,000
And instead of spreading your 
energy to anyone who wants to 

982
00:58:42,000 --> 00:58:46,640
receive it, you just stay in 
this little corner of life and 

983
00:58:47,640 --> 00:58:51,520
you know, that is just it. 
And he said, yeah, and I found 

984
00:58:51,520 --> 00:58:55,440
it. 
So yeah, just saddening, just 

985
00:58:56,560 --> 00:59:00,480
just seeing someone can find 
themselves because there is this

986
00:59:00,480 --> 00:59:05,200
influence over his life that he 
actually understands, but he 

987
00:59:05,200 --> 00:59:07,080
still accepts it. 
You know, like what? 

988
00:59:07,080 --> 00:59:08,480
I don't know. 
It was a little bit of a 

989
00:59:08,480 --> 00:59:10,240
tangent, but what do you think 
of that? 

990
00:59:10,600 --> 00:59:27,650
I I think that's, let's 
see, let me think about how to 

991
00:59:27,650 --> 00:59:33,690
say this. 
I hear a lot of people and I 

992
00:59:33,690 --> 00:59:35,770
talk about it too. 
I kind of joke about it, right. 

993
00:59:35,770 --> 00:59:38,210
And saying toxic maximalism, 
right. 

994
00:59:38,370 --> 00:59:42,090
It's like we're, we're, we're 
just aggressive towards anybody,

995
00:59:42,090 --> 00:59:44,530
whether they're an army or 
whether they're, you know, 

996
00:59:44,960 --> 00:59:48,280
altcoin or whatever, right? 
It's like, and don't get me 

997
00:59:48,280 --> 00:59:49,920
wrong, I'm a, I'm a maximalist, 
right? 

998
00:59:49,920 --> 00:59:52,600
But I try not to be toxic. 
But some days you just get 

999
00:59:52,600 --> 00:59:56,120
angry. 
But I realized talking to my 

1000
00:59:56,120 --> 00:59:59,560
friend, having this 
conversation, it was intense 

1001
01:00:00,840 --> 01:00:05,080
because you're basically putting
into question their very 

1002
01:00:05,080 --> 01:00:08,160
existence, right? 
You're putting into question the

1003
01:00:08,160 --> 01:00:13,280
way that they value themselves. 
And so when you say, you're not 

1004
01:00:13,280 --> 01:00:16,880
valuing yourself, right? 
It's a very arrogant statement. 

1005
01:00:17,440 --> 01:00:22,240
It's very difficult to pose that
in a way that doesn't sound 

1006
01:00:22,720 --> 01:00:28,840
demeaning or arrogant. 
And so it's really easy to take 

1007
01:00:28,840 --> 01:00:31,320
that negatively, even if it's 
not meant that way. 

1008
01:00:31,320 --> 01:00:35,400
And I think when I say, if I say
I'm toxic, I'm a toxic 

1009
01:00:35,400 --> 01:00:38,800
maximalist. 
I only get angry because I care 

1010
01:00:38,800 --> 01:00:43,560
about those people and I see 
what I see and I'm always doing 

1011
01:00:43,560 --> 01:00:46,960
the best to. 
And I I feel like I finally have

1012
01:00:46,960 --> 01:00:52,520
an answer to so many questions 
in life that were making me 

1013
01:00:52,520 --> 01:00:53,800
miserable. 
Right. 

1014
01:00:53,800 --> 01:00:58,320
Just destroying me all the way 
to my core, to my soul, right. 

1015
01:00:58,480 --> 01:01:01,440
And so when you talk to someone,
especially someone close to you 

1016
01:01:01,440 --> 01:01:07,240
family or, you know, it's, I 
mean, I loved, you know, on 

1017
01:01:07,360 --> 01:01:10,760
Twitter, on X, keeps hearing 
people talk about, you know, 

1018
01:01:11,200 --> 01:01:14,080
having to talk to their family 
at Thanksgiving and Christmas. 

1019
01:01:14,080 --> 01:01:17,040
You know, and they're like just 
this is me not trying to bring 

1020
01:01:17,040 --> 01:01:18,880
up Bitcoin, you know, it's like 
I got to stay quiet. 

1021
01:01:18,880 --> 01:01:20,880
I can't talk about it or 
whatever because it's because it

1022
01:01:21,360 --> 01:01:25,200
it does that to people. 
But we feel that way because we 

1023
01:01:25,200 --> 01:01:30,360
just so desperately want to help
our loved ones or our friends or

1024
01:01:31,800 --> 01:01:34,560
sometimes even just the person 
who we see needs it. 

1025
01:01:34,560 --> 01:01:37,880
You know, it's like you see 
people that are not as good. 

1026
01:01:38,520 --> 01:01:41,400
I've been very blessed and very 
lucky to be able to make a 

1027
01:01:41,440 --> 01:01:45,400
living for the last couple, 2-3 
years in this space. 

1028
01:01:45,840 --> 01:01:48,720
Before that, coming into this 
space, I just thought I was 

1029
01:01:48,720 --> 01:01:51,480
coming in for a Fiat job, right?
And I got lucky. 

1030
01:01:51,960 --> 01:01:54,320
And before that, I mean, I was 
almost broke, right? 

1031
01:01:54,320 --> 01:01:56,520
Like I was losing the Fiat game,
right? 

1032
01:01:56,680 --> 01:02:00,920
So I was desperate when I had, 
you know, no money in the bank 

1033
01:02:01,120 --> 01:02:03,960
or even if I had a little bit of
money in the bank, but I had 

1034
01:02:03,960 --> 01:02:06,920
debt, you know, on the credit 
card or something like that. 

1035
01:02:07,000 --> 01:02:08,760
And I was worried about how I 
was going to pay bills. 

1036
01:02:09,080 --> 01:02:12,000
I remember just laying there 
awake at night with all this 

1037
01:02:12,000 --> 01:02:14,680
anxiety and stress and just 
literally staring into the 

1038
01:02:14,680 --> 01:02:16,440
darkness, like, how am I going 
to do this? 

1039
01:02:16,760 --> 01:02:18,240
How am I going to do this? 
Right? 

1040
01:02:18,800 --> 01:02:22,680
And one of the things I 
mentioned to Saylor when I, when

1041
01:02:22,680 --> 01:02:26,240
I got to shake his hand and say 
hello was that, you know, I've 

1042
01:02:26,240 --> 01:02:29,640
done a 180, right? 
I started putting my money in 

1043
01:02:29,640 --> 01:02:32,640
Bitcoin and valuing my time and 
effort and money in Bitcoin. 

1044
01:02:33,640 --> 01:02:38,040
And I still have a little bit of
debt, right? 

1045
01:02:38,320 --> 01:02:41,840
But yeah, I've been able to pay 
it off more aggressively. 

1046
01:02:42,640 --> 01:02:45,040
I've been able to save. 
When I save my time and my 

1047
01:02:45,040 --> 01:02:49,720
energy, it lasts longer, right? 
The value of it that my time and

1048
01:02:49,720 --> 01:02:53,200
energy has held because it's in 
Bitcoin, right? 

1049
01:02:53,400 --> 01:02:57,120
And so now I told him, I said 
I'm evaluating things from a 

1050
01:02:57,120 --> 01:03:01,600
interest to Bitcoin perspective,
and as long as I think I'm going

1051
01:03:01,600 --> 01:03:05,480
to make more value putting my 
money in Bitcoin, I'm not going 

1052
01:03:05,480 --> 01:03:08,000
to pay that debt off early. 
I'll make the payments right, 

1053
01:03:08,280 --> 01:03:12,720
but I'll put it in Bitcoin and 
you know, just on a hunch, 

1054
01:03:12,720 --> 01:03:15,560
because I know if I leave it in 
dollars, it's not going to save 

1055
01:03:15,560 --> 01:03:18,520
anything. 
And paying off the debt with a 

1056
01:03:18,760 --> 01:03:21,640
with a broken dollar doesn't get
any easier. 

1057
01:03:21,640 --> 01:03:23,480
It just gets harder and harder 
and harder over time. 

1058
01:03:23,840 --> 01:03:27,280
So I did that. 
And now all of a sudden, out of 

1059
01:03:27,280 --> 01:03:31,000
nowhere, you know my own 
personal value. 

1060
01:03:31,120 --> 01:03:33,960
However, you want to value my 
wealth or estate or whatever, 

1061
01:03:34,200 --> 01:03:36,080
right? 
Went from being negative to 

1062
01:03:36,080 --> 01:03:39,120
being positive in a short, short
period of time. 

1063
01:03:39,560 --> 01:03:42,960
And so now I'm like, this is the
cheat code. 

1064
01:03:42,960 --> 01:03:45,800
This is the cheat code. 
I I sleep like a baby. 

1065
01:03:46,320 --> 01:03:48,960
Like I sleep like I don't. 
I don't worry about anything 

1066
01:03:49,120 --> 01:03:52,840
knowing my I'm sorting my value 
in Bitcoin and knowing that I 

1067
01:03:52,920 --> 01:03:56,160
like you would think if you 
would ask me three years ago, 

1068
01:03:56,960 --> 01:04:00,480
how would you feel if you had 
$0.00 in the bank, no cushion at

1069
01:04:00,480 --> 01:04:02,920
all, you know, and your bills 
are coming up or whatever. 

1070
01:04:03,840 --> 01:04:07,280
I was doing that and I was 
stressed out and I was miserable

1071
01:04:07,280 --> 01:04:09,000
and I was angry and I was 
unhealthy. 

1072
01:04:09,560 --> 01:04:12,520
And now it's like I have $0.00 
in my bank account. 

1073
01:04:12,600 --> 01:04:13,920
How do you feel? 
Oh, I'm great. 

1074
01:04:14,320 --> 01:04:17,240
I sleep great. 
I I know my, you know, it's like

1075
01:04:17,240 --> 01:04:21,960
I know my time and my effort is 
valued in a way that nobody else

1076
01:04:21,960 --> 01:04:23,880
can. 
You know what's it? 

1077
01:04:23,880 --> 01:04:25,360
Hard money you can't fuck with, 
right? 

1078
01:04:25,360 --> 01:04:28,480
It's like that. 
I know that that my money is 

1079
01:04:28,480 --> 01:04:30,520
something that nobody else can 
mess with. 

1080
01:04:30,760 --> 01:04:34,240
I decide when to spend it. 
I decide what it's worth and I 

1081
01:04:34,240 --> 01:04:37,960
decide how to store and how to 
use, right? 

1082
01:04:38,240 --> 01:04:42,160
That alone just took every all 
of those anxieties away. 

1083
01:04:42,640 --> 01:04:45,000
And so you want that for other 
people. 

1084
01:04:45,000 --> 01:04:46,360
You want that for your loved 
ones. 

1085
01:04:46,560 --> 01:04:50,160
I want it for my boys, right? 
Because I don't want them to go 

1086
01:04:50,160 --> 01:04:52,600
through this. 
The same thing I went through 

1087
01:04:52,600 --> 01:04:56,480
for the last 20 years before I 
found it struggling with that 

1088
01:04:56,640 --> 01:04:58,640
that system that was broken, 
right? 

1089
01:05:03,760 --> 01:05:10,760
Yeah, I I actually wanted to ask
you what how has Bitcoin had an 

1090
01:05:10,760 --> 01:05:13,680
impact on your life, But I think
you just answered that. 

1091
01:05:13,680 --> 01:05:15,400
So that is there you go, 
amazing. 

1092
01:05:16,960 --> 01:05:22,640
Let's let's move on to, I wanted
to wrap up to the last question 

1093
01:05:22,640 --> 01:05:26,520
that I I asked everyone and that
and that is what is a core 

1094
01:05:26,520 --> 01:05:28,480
belief that you will never let 
go. 

1095
01:05:30,760 --> 01:05:38,320
What is a core belief that I 
will never like, man, I think 

1096
01:05:39,160 --> 01:05:44,680
this is, this is kind of this 
goes back to your comment about 

1097
01:05:46,040 --> 01:05:48,840
the intellectual individual you 
were having a conversation with 

1098
01:05:49,040 --> 01:05:50,800
that you know just kind of made 
you sad, right? 

1099
01:05:52,360 --> 01:05:58,720
Nothing we do in this life in my
opinion is incredibly valuable 

1100
01:05:58,720 --> 01:06:05,760
unless it helps others, right? 
And I feel that the best way you

1101
01:06:05,760 --> 01:06:09,880
can help others and help 
yourself, right, is to have 

1102
01:06:09,880 --> 01:06:14,320
kids. 
Or if it if it's not kids, you 

1103
01:06:14,320 --> 01:06:19,720
need to find someone else in 
your life, right, that you live 

1104
01:06:19,720 --> 01:06:22,720
for. 
So I guess the core belief is 

1105
01:06:23,160 --> 01:06:27,600
life is better when you live for
others than when you live for 

1106
01:06:27,600 --> 01:06:32,240
yourself, right? 
So I think now, especially in 

1107
01:06:32,240 --> 01:06:35,920
this community, so many people 
that didn't have connections, 

1108
01:06:35,920 --> 01:06:41,560
didn't have family, didn't have,
you know, support net, right 

1109
01:06:41,880 --> 01:06:47,480
from a friend perspective, 
person, perspective, they found 

1110
01:06:47,480 --> 01:06:49,360
their tribe, you know what I 
mean? 

1111
01:06:49,560 --> 01:06:54,880
And so when you find that tribe 
and you're great, truly grateful

1112
01:06:54,880 --> 01:06:58,720
for what you have and what 
you've been given, you don't 

1113
01:06:58,720 --> 01:07:01,520
want it all for yourself. 
You want to give it away. 

1114
01:07:01,520 --> 01:07:06,040
You want to help other people. 
And so even when it was painful 

1115
01:07:06,600 --> 01:07:10,240
in this industry and you know, I
was working for free, trying to 

1116
01:07:10,240 --> 01:07:13,520
learn things and do things, my 
goal was just to always try to 

1117
01:07:13,520 --> 01:07:16,360
whoever is in front of you, 
whoever you're talking to do 

1118
01:07:16,360 --> 01:07:19,200
whatever you can to make your 
life better, right. 

1119
01:07:19,200 --> 01:07:22,320
And and one of the best 
compliments I've ever received 

1120
01:07:22,320 --> 01:07:27,920
was from someone or walking 
around and walking around like 

1121
01:07:28,160 --> 01:07:30,200
actually a Bitcoin conference, 
right. 

1122
01:07:31,320 --> 01:07:36,360
And they said, wow, it's like, 
it's like you're you're you find

1123
01:07:36,360 --> 01:07:39,080
somebody or something that you 
think might be interesting to 

1124
01:07:39,080 --> 01:07:42,920
me, right? 
And you willingly bring me into 

1125
01:07:42,920 --> 01:07:45,880
the conversation and then just 
step back, right. 

1126
01:07:46,160 --> 01:07:51,160
It's not about us. 
It's about what we're doing for 

1127
01:07:51,160 --> 01:07:53,440
other people in the future and 
stuff. 

1128
01:07:54,640 --> 01:07:59,320
And that that makes me feel 
better, right? 

1129
01:07:59,320 --> 01:08:03,480
Than when I get accolades or I 
get things, you know, people 

1130
01:08:03,720 --> 01:08:05,840
tell me thank you or or 
whatever, right? 

1131
01:08:05,840 --> 01:08:10,320
It's like we're all just 
building on the great stuff that

1132
01:08:10,320 --> 01:08:14,880
other people have done and we're
all just building for the 

1133
01:08:14,880 --> 01:08:16,680
future, right? 
Eventually we're all going to be

1134
01:08:16,680 --> 01:08:19,720
gone, right? 
So the question is, you want a 

1135
01:08:19,720 --> 01:08:23,000
legacy, You want to be known. 
Or even if you don't want to be 

1136
01:08:23,000 --> 01:08:24,680
known, you just want to do good 
things right? 

1137
01:08:25,439 --> 01:08:26,880
You just want to make this world
better. 

1138
01:08:26,880 --> 01:08:28,760
You have to look for 
opportunities to do something 

1139
01:08:28,760 --> 01:08:30,840
better for other people, not 
yourself. 

1140
01:08:31,319 --> 01:08:36,840
And so my core belief that I'll 
never ever let go of is living. 

1141
01:08:37,760 --> 01:08:42,720
Living for others is always 
better, always better than 

1142
01:08:42,720 --> 01:08:47,960
living for yourself. 
And so that is AI mean it works 

1143
01:08:47,960 --> 01:08:51,359
everywhere, it works everywhere.
I guess it's kind of the golden 

1144
01:08:51,359 --> 01:08:53,200
rule, right? 
Doing to others as you would 

1145
01:08:53,200 --> 01:08:56,800
have them doing to you, or even 
do what others better than you, 

1146
01:08:57,160 --> 01:08:58,359
you know you would like 
yourself. 

1147
01:08:58,560 --> 01:09:02,080
So that's probably my that's 
probably my core belief. 

1148
01:09:04,359 --> 01:09:06,600
Love it man. 
Thanks so much for sharing that.

1149
01:09:06,600 --> 01:09:11,479
I really enjoyed this 
conversation and I will link to 

1150
01:09:11,479 --> 01:09:15,080
your Twitter or X accounts so 
people can follow you. 

1151
01:09:15,640 --> 01:09:18,680
And yeah man, let's stay in 
touch and thanks again. 

1152
01:09:18,840 --> 01:09:21,600
I hope you enjoyed this episode.
If you did, it would be amazing 

1153
01:09:21,600 --> 01:09:24,439
if you could rate, review and 
subscribe on the podcast 

1154
01:09:24,439 --> 01:09:27,359
platform of your choice. 
It will help us educate more 

1155
01:09:27,359 --> 01:09:29,479
millennials on the importance of
Bitcoin. 

1156
01:09:29,760 --> 01:09:31,520
You can follow and connect with 
me on Twitter. 

1157
01:09:31,520 --> 01:09:36,160
I'm Bram K that's at BR AM K and
if you are or know someone who 

1158
01:09:36,160 --> 01:09:38,720
has an interesting perspective 
on Bitcoin that's worth sharing,

1159
01:09:38,720 --> 01:09:41,040
hit me up. 
I read and reply to every single

1160
01:09:41,040 --> 01:09:42,920
message. 
I appreciate your support and 

1161
01:09:42,920 --> 01:09:44,600
hope you'll be here for the next
episode. 

1162
01:09:44,920 --> 01:09:45,640
Thanks for listening.