Latest / Simply Bitcoin / CK Snarks | You Ain't Bullish Enough | Simply Bitcoin IRL
Transcript
- 0:07Yo, welcome to another episode of Simply Bitcoin IRL.
- 0:12Today we have a very special guest.
- 0:14We have CK Snarks. He was the general manager of
- 0:18Bitcoin Magazine and he left to join the Human Rights Human
- 0:22Rights Foundation. So we're going to talk to him
- 0:24about that. Really excited for the show.
- 0:26Haven't talked to CK in a minute.
- 0:28I think the last time I saw him in person was in Nashville.
- 0:31But before we jump into it, I want to give a shout out to the
- 0:34to the company that makes this show possible.
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- 0:38stack? Check them out today.
- 0:40Go to swan.com/simply you. If you buy $100.00 with Bitcoin,
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- 0:47your Bitcoin stacks being built by Bitcoiners.
- 0:49It's for Bitcoiners. Visit swan.com today.
- 0:53All right everybody, no more delay.
- 0:54Spring up the man, the myth, the legend himself.
- 0:57Thank you for the introduction bro.
- 0:59How you doing bro? Life is great.
- 1:02Is it great? Is it great?
- 1:04Lots of lots of change UPS, bro. Lots of change UPS for you,
- 1:08dude. So.
- 1:09Yeah man, how many years were you at Bitcoin Mag?
- 1:14Was that Bitcoin mag since February 2018?
- 1:17Wow. OK.
- 1:18And then what was it like when you joined?
- 1:22Really different company man. Multi coin company, small well
- 1:27so The funny thing is that like. BTC Inc has definitely ridden
- 1:33the the the bull bear market wave.
- 1:38So when I got brought on, the company was like 80 people and
- 1:43then I I kind of like ground down with the company down to
- 1:47like 12 people and then we brought it all the way up to
- 1:52like 120 people and and then I think now it's like 60 people.
- 1:58So, So it's a Bitcoin company is what you're saying?
- 2:01Yeah. Definitely.
- 2:02But yeah, no, it was like for me, you know the Bitcoin only
- 2:06industry, like a big part of its development was Bitcoin Magazine
- 2:11going Bitcoin only because that was the first because Bitcoin
- 2:15only like was there. I would say like it was a
- 2:18community thing, there's a grassroots thing, but from like
- 2:22a business perspective there was only multi coin so.
- 2:27Bitcoin, you know there's it wasn't like the Bitcoin magazine
- 2:31was the only player here. Block stream was like a very
- 2:34early Bitcoin only company. But Bitcoin Magazine going from
- 2:37like explicitly multi coin to hey we're going to only focus on
- 2:42Bitcoin, we're going to drop our multi coin block chain
- 2:45conferences, we're going to do, we're going to you know
- 2:48effectively popularize the Bitcoin only conference which
- 2:51now is a complete phenomenon. It was pretty cool.
- 2:57And let's talk about that, right, 'cause the, the.
- 2:59And I remember that explicitly. I do remember that that was
- 3:02like, it was like 2020, The rise of Bitcoin only companies before
- 3:08it was crypto, right? And then the rise of Bitcoin
- 3:12only media, right, Which like you said, Bitcoin Magazine was
- 3:15an integral part of that. But also, you know, a lot of the
- 3:18podcasters that we know of today, right?
- 3:20Like Odell, TFTC, the Breedlove's, The Natalie's, the
- 3:25Mccormack's, etcetera, etcetera. And they all really rode that
- 3:29wave like before that wave, you know, like they had big
- 3:33followings, but not Stratosphere followings, right.
- 3:37It was really that like 2020-2021 that really gave the
- 3:43Bitcoin only media a a shot. It was.
- 3:46It was cryptic, it was commingled before, like you
- 3:49said. So how was that like did did you
- 3:52that that those early days, that pioneering, did you even think
- 3:55that it was a it was a viable business model going Bitcoin
- 3:59only? Yeah, no, I definitely thought
- 4:03that. So Aaron Van Werdom and I were
- 4:06kind of like the two really big proponents for for it.
- 4:09You know, Bitcoin Magazine now is like almost 100% Bitcoin
- 4:13maximalist on staff, but back then it was like 20% Bitcoin
- 4:18maximalist on staff. And then like 40% crypto people
- 4:23and then like 40% like just people working at job at a start
- 4:27up company you know people working at start up media
- 4:30companies and so working at an event company you know like a
- 4:34bunch of that like to a bunch of people that's how they saw beats
- 4:37the ink so but Van Werdam and I we really were pitching this to
- 4:45leadership saying like. Unless we go Bitcoin only, like
- 4:51what differentiator do we have, right?
- 4:54We're just like this but worse or we're just like this but
- 4:57smaller or just like this but slower.
- 5:00You know what we really had was the history and Bitcoin and like
- 5:05at our heart like we had leadership that were Bitcoin
- 5:09maximalists. And to be honest, you got to
- 5:12give credit where credit is due. David Bailey is just the ballsy
- 5:15mofo so. Like he had the balls to you
- 5:19know pretty much just like experiment with a brand new
- 5:24business model that had never been proven out before.
- 5:27Yeah and no and I I dude, it was it was it was it was really
- 5:33interesting days dude. The the infancy like I call it
- 5:37of of the of Bitcoin only companies.
- 5:39Bitcoin only media is very, very young this phenomenon.
- 5:43Right. And yeah, we're.
- 5:45Early. We're so early.
- 5:48We are so early. I completely agree with that.
- 5:51OK, So Fast forward, right. You pitched it, obviously it was
- 5:54a massive success. Congratulations, CK But what,
- 6:01what was that like? What was like, you know, because
- 6:03of course, you know, you come up with an idea, but it's very
- 6:07different when that idea comes to fruition, right.
- 6:10So what was that like? You know you joined 2018, things
- 6:14accelerated very quick. I feel like you joined at the
- 6:17right at the perfect time, right.
- 6:19That's like the the year after the peak of the peak of the 2017
- 6:24bull market, right you joined. No, I I I joined as it was
- 6:28sliding off the peak. OK I I joined at the worst time.
- 6:32I mean, maybe, maybe a good time to be influential of the
- 6:35company, but in terms of like, you know, heads were rolling,
- 6:39yeah, I think I I saw. Like I I was like so low level
- 6:44during that bear market. Like the all I knew is that I
- 6:48made the cuts. I didn't know anything about
- 6:50like the layoffs, you know whereas like on this most recent
- 6:54bear market, you know I was in charge.
- 6:58So like, it was like that was like on my on my back, you know,
- 7:01And that was, it was brutal. Yeah.
- 7:03No, I I can only imagine, you know, having all those people
- 7:07kind of, you know, looking up and and all that.
- 7:09So, OK, so you're a Bitcoin mag, you know, that's that's how you
- 7:14started your career and all that stuff.
- 7:16And then you recently announced, that's really what I want to
- 7:19talk about you joining Alex and the Human Rights Foundation.
- 7:25So congratulations, CK, that's incredibly.
- 7:28Awesome. Thank you.
- 7:28Yeah. And I'm I'm honored and really
- 7:31excited and I've been there for going on six weeks now and
- 7:36bullish, so bullish Gladstein has.
- 7:40You know, he's the visionary here and he's built something
- 7:44really remarkable and I'm really hoping we could just make it,
- 7:49you know, that much better and that much more efficient and
- 7:53that more much more productive. I think that that would be
- 7:57really good for Bitcoin if we got the Bitcoin Development Fund
- 8:00and the financial freedom apparatus at at HRF to to just
- 8:05be better and then let me and then so OK and then for anyone
- 8:10who doesn't know like what is the purpose of the Human Rights
- 8:14Foundation? Like what is the mission?
- 8:16How does it differentiate from like Bitcoin Magazine for
- 8:21example? Oh wow.
- 8:23Yeah, I know HRF and Bitcoin Magazine are very different.
- 8:26Other No, I think like, they're different and similar.
- 8:29Like both are very interested in human sovereignty, prosperity,
- 8:35dignity. Freedom, I think both
- 8:38organizations are unified there. Both organizations are unified
- 8:41by Bitcoin. So like there's a lot of
- 8:44similarities, but obviously like the organizations are very
- 8:49different. Like, you know, David Bailey
- 8:52will be the first person to tell you that like Bitcoin Magazine
- 8:55is a Bitcoin propaganda. You know, organization.
- 9:00I I really don't think that HRF is that HRF is.
- 9:04So I want to like. I I I want to make it like very
- 9:09clear HRF has like a a guiding principle and mission as a human
- 9:13rights organization and then the financial freedom team in the
- 9:17Bitcoin Development Fund you know as a subset of that have
- 9:21our own exclusive. Goals within our work inside of
- 9:26Bitcoin. So I'll hit on what HRF does,
- 9:29like on a macro level, on an org level and I can hit on like what
- 9:33the Bitcoin team works on, which is what I'm leading, you know,
- 9:36And you know I'm going to like I I need to stay in my lane and I
- 9:40need to focus on Bitcoin because I'm not qualified to do and
- 9:43handle the other stuff that HRF is, is operating in.
- 9:48But yeah, so HRF. We advocate for democracy and we
- 9:55stand against authoritarians and dictators.
- 9:59That is, that is our high level mission.
- 10:04So there's a lot of things that are wrong with the world.
- 10:09There's a lot of things that are wrong with democracies.
- 10:11You know, you know that I prescribed to the sovereign
- 10:14individual thesis And like you know, democracies aren't perfect
- 10:18by any means. But in many cases, the freedoms
- 10:24and the the, the sovereignty and the dignity of people within
- 10:30democracies is considerably, much higher across the board.
- 10:34And like that's what the Human Rights Foundation is concerned
- 10:36about. So the HRF does not focus on
- 10:40like Europe or the US, we focus on authoritarian states.
- 10:46And their focus is really wide reaching it, but ultimately it
- 10:51is to help people in those areas become more sovereign so and
- 10:57become more free and to hopefully access better
- 11:01governance in the future. So we do that super practically.
- 11:05So we have tons of lawyers and researchers and academics who
- 11:09are getting people out of prison.
- 11:12And lobbying like to get people free.
- 11:14Like we're not talking about like playing the long political
- 11:17game, like we're trying to get people.
- 11:19Like we're trying to free people that have been detained for a
- 11:23number of reasons. But we would consider those to
- 11:26be unjust reasons or unlawful reasons.
- 11:29And those are the type of people that we're trying to get out.
- 11:31We're doing programs. HR has always been
- 11:33technologically forward. So you know, doing programs like
- 11:37flash drives for freedom in places where the Internet is not
- 11:40available. So North Korea, Cuba, things
- 11:43like that, places like that, you know, sending in information
- 11:46packages to try to like you know, awaken their, their people
- 11:53of like what the world is like outside of of their, their
- 11:56dictatorship. One of my favorite programs that
- 12:00HRF is doing right now is they have a Uyghur slave labour
- 12:04tracker. So you could you know, I know
- 12:06bitcoiners don't like installing extensions, but not everyone HRF
- 12:10interacts with is a bitcoiner, so we have an extension that
- 12:15pretty much in you go when you're online shopping for
- 12:17clothes. They'll tell you if, like this
- 12:19brand is likely using factories that use slave labour for your
- 12:25clothing. So, like, these are the kind of
- 12:27things that HRF does. We also famously do the Oslo
- 12:32Freedom Forum, which happens every single year in Oslo.
- 12:37And you know, that is a stage for people that have been freed
- 12:40from prison to tell their stories.
- 12:43That is a stage for activists and for kind of.
- 12:50I would say like macro level change and talk about freedom
- 12:54and that activism it's, I mean like that's where like in
- 12:57practice it's very different than Bitcoin Magazine.
- 12:59You know it's just so much more serious.
- 13:02The production value is on both cases very high on their events.
- 13:08So like I think that's a pretty good high level of like HRF, so
- 13:12the financial freedom track. So one of the the most
- 13:14interesting things about HRF is because we're technologically
- 13:18advanced. And we see the the importance of
- 13:22financial freedom and in someone's ability to be free in
- 13:27general. We were early to Bitcoin and you
- 13:31can put a lot of that credit to Gladstein.
- 13:34But Gladstein, you know, it was early to Bitcoin, you know,
- 13:38create a lot of great work around Bitcoin, created the
- 13:41initiative that is the Bitcoin Development Fund, and it was
- 13:44able to get a lot of support for it.
- 13:47And you know, now the Bitcoin Development Fund is very
- 13:50sustainable. And you know, we are trying to
- 13:53fund open source development and community education across the
- 13:57globe and really focused on in terms of both education and
- 14:01development is like initiatives that are going to make Bitcoin
- 14:04more accessible. So right now Bitcoin is
- 14:06predominantly like all the all the documentation is in English.
- 14:11So how do we get that in other languages right?
- 14:14Same with the the education of the content.
- 14:17I think AI is going to be a big part of this, but translating
- 14:19all of this content that we're making all the time here on
- 14:21simply Bitcoin into every other language that is meaningful, you
- 14:25know that is going to take resources.
- 14:28So we do a lot of translating, we help people that are doing
- 14:31that stuff. We'll help people by creating
- 14:32meet spaces for bitcoiners to come together, whether that's
- 14:35conferences or whether that's third person spaces that are
- 14:38permanent. You know that like that has been
- 14:42kind of like the scope of the work is development work and
- 14:45community and education work. So on the development side, how
- 14:48do we make Bitcoin more accessible?
- 14:50OK, so how do you, how do you make Lightning Network?
- 14:52How do you have a static QR code for a Lightning network?
- 14:54So put out non keys for that. I'm gonna, I'm, I'm gonna, I'm
- 14:57gonna stop you there. Because I have a question,
- 14:59right? Which is go for it.
- 15:00The importance of propagating democracy, right.
- 15:04And then the importance of Bitcoin as a tool.
- 15:07So how is Bitcoin used as a tool?
- 15:10Like how does Bitcoin help democracy?
- 15:15Well, I would say like the reason why democracy is
- 15:18important because democracy is a great vehicle for human freedom
- 15:22and and greater human freedom even if it's not perfect.
- 15:26And then I would say like Bitcoin, the reason why HRF is
- 15:29aligned Bitcoins, Bitcoin is a technological innovation like
- 15:32encryption. Like the World Wide Web in
- 15:35general, that is a huge pro for human freedom.
- 15:41And I think when it comes to how Bitcoin's used in practice for
- 15:49for dissidents, for journalists, for people who would want to
- 15:54stand up against the dictator, is Bitcoin gives them a way to
- 15:56raise money and have money and use money that can't be.
- 16:01That can't be frozen easily by that dictator.
- 16:04So we've seen that largely digital money has been a huge
- 16:08tool for dictators. Now, now the people have digital
- 16:12money. So we have to teach about that,
- 16:14right, Because that increases human freedom.
- 16:16And ultimately, if you want to have a democracy, you need to
- 16:19have be able to have press and you need to be able to organize
- 16:24and in order to do those things without being completely.
- 16:28Paralyzed is you need to be able to have and spend money.
- 16:33So I think we think it's fundamental and again that's one
- 16:37of that's one of HR, FS biggest differentiators is that no one
- 16:40else working in this sphere other than bitcoiners directly,
- 16:44you know are are doing that. And I I honestly think that HR
- 16:48FS narrative around Bitcoin, the human rights narrative is the
- 16:52most bulletproof, you know. I'll be the first to tell you
- 16:55that you can't be a humanity, that you can't be an
- 16:58environmentalist unless you embrace Bitcoin.
- 17:00But the environmental narrative is less bulletproof to ignore
- 17:03me, but the humanitarian narrative is, I think, much more
- 17:07bulletproof to ignore me. And it's it's one of the easiest
- 17:11ones to propagate at this stage of Bitcoin, even though it's
- 17:15just one of many positives of this technology.
- 17:19Gotcha. Gotcha.
- 17:21Interesting. Interesting.
- 17:22I, I, I, OK, OK. And I I love the way that you
- 17:26described the, the way that you described the differences
- 17:32between Bitcoin Magazine and then where you're at in the
- 17:37Human Rights Foundation, 'cause, you know, Opti and I were joking
- 17:41about this. And of course we're much
- 17:42younger. You know, we're, we're what, a
- 17:44couple years old? Bitcoin magazine's over a decade
- 17:48or old, right? It's a very well established
- 17:51media organization, media company and optine.
- 17:54I realized like about a year and a half in we're like, dude, like
- 17:58we're propagandist, bro, like like straight up, like you come
- 18:03to that conclusion, It's like we're really just propagandists.
- 18:05Like that's really what we're doing like every single day.
- 18:10And then, you know, you kind of go into the rabbit hole of like
- 18:14just, you know, the legacy media is just trying to compete for
- 18:17attention just like you are. Like how are you going to get
- 18:19people to listen to you rather than to listen to this
- 18:23so-called, well established media organization like the Wall
- 18:26Street Journal dropping fake news.
- 18:28Right. But that veneer I think is
- 18:31slowly coming off. So yeah, man, it's.
- 18:34So first of all, I'm super happy for you dude.
- 18:36Congrats, Human Rights Foundation.
- 18:39That's awesome. Absolutely.
- 18:40Love Alex. Love his work.
- 18:42So that's really, really, that's really awesome that that you
- 18:46left. So let me ask you something.
- 18:48And perhaps this is a personal question, but you know, you
- 18:51obviously, you know, love Bitcoin Magazine.
- 18:54You built something great there. You built something amazing.
- 18:57Why did you feel like it was the time to take a next step in your
- 19:02life? Yeah, no, that's a great
- 19:07question. You know, I don't really
- 19:11consider myself of like Left Bitcoin Magazine 100%.
- 19:14You know, it was a very. I think it was like a very well
- 19:19planned exit where there's a lot of time and planning associated
- 19:24with it and it was very smooth and everyone's on super good
- 19:28terms. So I definitely think that
- 19:31there's room, you know, I'm very supportive of them and there's
- 19:34room for like, you know, I'm repping Bitcoin Magazine right
- 19:36now. So there's definitely room for
- 19:39me to be a part of that organization in a much lesser
- 19:43degree in the future, I think like.
- 19:46With like, I was involved in every project at Bitcoin
- 19:48Magazine. So like one, the org needed to
- 19:52grow away from someone who does that role.
- 19:55And then two, like there just needs to be time separating me
- 19:58from, you know, that level of responsibility.
- 20:01So you know, who knows what the future holds.
- 20:05But specifically why it was time for a new challenge was, you
- 20:10know, I just saw that there's so many.
- 20:14One. For the first time in probably
- 20:17three years at Bitcoin Magazine. Like I've been there 5 1/2
- 20:20years, but three years when I was like a leader, it was like
- 20:24kind of clear to me that they didn't really need me.
- 20:27Like everything was would be in a good place if I had
- 20:31disappeared, if you will, versus like you know, things would
- 20:35definitely have fallen apart on on several different levels, you
- 20:40know, prior. So, like, that made me
- 20:42optimistic. And then, you know, I've just
- 20:44been working a lot and burnt out.
- 20:46So I needed like, I took like 6 1/2 weeks off and learned how to
- 20:50golf. You know, after I, I took some
- 20:52time off from Bitcoin. Magazine.
- 20:54I envy. I envy that.
- 20:55I don't know what that feels like anymore.
- 20:57It feels great. It feels great.
- 20:59So, you know, I just really acknowledge like it was time for
- 21:02like a life reset for me and Bitcoin Magazine was in a good
- 21:07spot. Like, I feel like I could look
- 21:09back and be super proud and like, know that.
- 21:12Like, I feel like they're crushing it.
- 21:14I went to Bitcoin Amsterdam. It was awesome.
- 21:16Pretty success. You know, they did that without
- 21:18me. I left 100 days before that
- 21:20event. Bitcoin Magazine online, their
- 21:23latest Bitcoin magazine, the Twitter account, you know,
- 21:27they're they're they're rocking and rolling.
- 21:29And you know, I know how hard it is for them to be rocking and
- 21:32rolling like they are at this moment.
- 21:34You know, kind of given, you know going cutting the company
- 21:37in half effectively over the course of six months, but at the
- 21:41same time like you know, proud of those guys on my end, you
- 21:47know, I didn't get poached or anything like that.
- 21:50I I wanted to, I didn't imply. That.
- 21:54Yeah. Yeah.
- 21:54Yeah. No.
- 21:55You know, I I just, I needed a a live change And then as part of
- 21:59like you know just having conversations with people I
- 22:01trusted Gladstine was like hey, you know I need someone to do
- 22:06this at at the financial freedom team and things would be
- 22:10perfect. And we agreed.
- 22:13And then from there, it was just like, how to make this reality.
- 22:16Gotcha. So what's your new role?
- 22:19Human rights found? Yeah, we probably should have
- 22:21started with that. Yeah, no, pretty much.
- 22:25So people don't know this, But like Gladstone's role as the
- 22:28Chief Strategy Officer at HRF, he's in charge of like 3
- 22:32different teams, including the Bitcoin team.
- 22:35The the the Bitcoin team is a financial freedom team.
- 22:39So my title is director of financial freedom and so my job
- 22:42is to like lead the financial freedom team which is the
- 22:44Bitcoin team. So it's a huge honor it's a lot
- 22:47of fun that that what is the job like what is leading that
- 22:52financial freedom team? That's the Bitcoin Development
- 22:55Fund. We give quite a bit of money out
- 23:00every single quarter to developers and and and community
- 23:04education. And then we do, we're going to
- 23:08be spinning up our own education.
- 23:10So we're we're going to be spinning up a newsletter in two
- 23:13weeks around telling human rights and Bitcoin and human
- 23:18rights stories. So I think this is a resource
- 23:21that you're going to be super interested in at Simply Bitcoin.
- 23:24It's going to create a lot of great educational material for
- 23:28people to share. So I'm super excited about that.
- 23:32And then you know we we do Bitcoin programming at the Oslo
- 23:36Freedom event. So like a third of the
- 23:38programming is Bitcoin programming at this point.
- 23:40So like HRF is all in on Bitcoin.
- 23:44So we have that we do we do a couple of retreats and some
- 23:47summits every year. So you know I got I'm, I'm busy
- 23:52already man. You know we got content we got
- 23:54events so we got we got developers to fund and
- 23:57communities to to fund. So doing really great work and
- 24:02you know, my main job is to give Gladstein back a lot of his time
- 24:06and make sure that the the, the Bitcoin Development Fund and the
- 24:09Financial Freedom team are running like a well oiled
- 24:12machine so he can he can do his magic full time.
- 24:16Gotcha. Well, that's again,
- 24:18congratulations. That's awesome.
- 24:20I've always been a a big fan of of Gladstein's work and the
- 24:24Human Rights Foundation, but I think you buried the lead there
- 24:28CK when you were talking about the Ozlem Freedom Forum.
- 24:32You said that a third of the programming is about Bitcoin.
- 24:38Is Bitcoin freedom? Does Bitcoin and freedom go hand
- 24:41in hand? I, I, I'm, I'm, I'm sensing
- 24:44something here. I mean honestly I think we're
- 24:48we're definitely early to to that being a mainstream
- 24:51narrative. But yeah, I mean HRF is
- 24:54definitely, you know, one, I think we're 100% on board
- 24:57Bitcoin, but the proof is in the pudding.
- 25:00You know, look at how many resources were given towards our
- 25:03Bitcoin program and look at how much time in terms of the
- 25:07programming on the Oslo freedom event, our mainstage event that
- 25:12we're giving the Bitcoin. I went to the most recent one
- 25:15this past June. Big reason why I joined the
- 25:17company. VIP Event Super Elite Guest List
- 25:23of Bitcoiners Activists VI PS in general Just high high high
- 25:31impact, high high, high production value, very high
- 25:34quality experience. I'm like, I was like, wow, this
- 25:38is a place that knows how to execute and deliver, and it's a
- 25:44place that I could see myself going to.
- 25:47Gotcha. Gotcha.
- 25:49No, that's awesome man. And and dude, we're orange
- 25:51peeling all these activists and all these rich guys and all the
- 25:54everyone else who has been going to Oslo for years before before
- 25:58we integrated Bitcoin. Yeah, man.
- 26:00I mean, and and I've seen some of those activists I think you
- 26:04had, which it plays a special, you know, special role in my
- 26:07heart. I think you had candidates or
- 26:10you know, essentially opposition candidates from Venezuela, if my
- 26:15memory serves me correctly. I think you you hosted one or
- 26:19two Leonardo. Yeah, yeah.
- 26:22And you know, so I I I think that, you know, when I saw that,
- 26:26I was like, really, no one else is really giving these people a
- 26:30platform. But you know what's going on,
- 26:35You know, I'm sorry about that as well, cuz it's really.
- 26:39I live in Miami. It's you.
- 26:42Yeah, I have a there's a lot of Cubans here, but I don't really
- 26:45have family in Cuba. I have family in Venezuela.
- 26:47So I hear what's going on, and it's an absolute tragedy
- 26:55disguised as democracy. But.
- 26:59If you look under the hood, it's absolutely not democracy
- 27:01whatsoever. So I'm just careful say that's
- 27:04not democracy. That's not so.
- 27:05What do you what do you guys define as what a democracy is.
- 27:10So I'm not the best person to answer that in terms of like HR,
- 27:13FS official stance. But there's a whole like,
- 27:16there's there's very obvious division of power and freedoms
- 27:20and liberties and like a really good, a really good indication
- 27:25of like is this a real democracy is can you get paid to make fun
- 27:28of the government? Can you make a living to make
- 27:30fun of the government? And if the answer to that is no,
- 27:33even if there's voting, it's probably a dictatorship because
- 27:36you can't speak up against the government.
- 27:38So if you can't speak up against the government, it's probably
- 27:40not real democracy. You know, democracies require,
- 27:44you know, obviously representation and and voting to
- 27:47some degree. But they also require a level of
- 27:51free speech and ability to organize that enables opposition
- 27:55to exist and change of power. That's that's like I think some
- 27:59of the the key homeworks. I think, I think the way that
- 28:03you described it is can you get paid in your country to make fun
- 28:07of the government like that is that is so I think that's the
- 28:11way that that that's I think that's a that's a really, really
- 28:14fair description. So CK, you're one of the most
- 28:18bullish people that I know. OK.
- 28:22And I'm pretty bullish and opti's, I love you, Opti.
- 28:26Opti's stupid bullish, OK, he's, he's ultra bullish, OK.
- 28:30But you are incredibly, incredibly bullish And one of
- 28:35the, you know, talking points that you say is we are still
- 28:39early And then what my response to be, what my bearish response
- 28:44to that would be is how could you say that you know bitcoins?
- 28:50Best days are behind us. You know the exponential gains,
- 28:55right? Is a lot of you know, the one
- 28:58full Bitcoin is unaffordable for most people.
- 29:00You know, I'm just reading out the talking points that, you
- 29:03know, we hear millions and millions of times.
- 29:07What? What has you still so bullish?
- 29:09What? Why do you feel so optimistic
- 29:11about Bitcoin's future? Oh man, this is a I could spend
- 29:19an hour on this one and I feel like I'm I'm often a broken
- 29:22record. I guess, you know, let's just
- 29:27let's just try to talk about this, both theoretically but
- 29:32from first principles. So what I would say is, like
- 29:38most bitcoiners would agree with me in saying that the reason
- 29:42they're excited about Bitcoin is because it is a paradigm shift.
- 29:47Would you do with that? Absolutely.
- 29:50OK, so if you believe that the reason Bitcoin is so exciting is
- 29:54that it is a paradigm shift, then I think it it only makes
- 30:03sense to believe that if it truly is a paradigm shift then
- 30:09the old paradigm can't exist because like think of any other
- 30:13paradigm shift where the old paradigm could also coexist with
- 30:16the new paradigm. I think that that's fair to say
- 30:19like hey gunpowder is invented. If you don't upgrade to
- 30:22gunpowder you're done. Like nuclear is invented.
- 30:25If you don't upgrade to nuclear you're done.
- 30:27Like you are subordinate now. And that that's literally the
- 30:30paradigm now. It's like the nuclear powers
- 30:33pushing on the non nuclear powers you know and
- 30:36subordinating them. So if Bitcoin is a paradigm
- 30:42shift, the idea that Bitcoin is just could just be some other
- 30:48asset could exist with all other assets without like demonetizing
- 30:53them. Could exist with the dollar
- 30:55without fundamentally changing and warping the dollar to shape
- 30:59to Bitcoin. Like to me that that's an
- 31:02inconsistent belief. So I I usually spell this out to
- 31:08say that with Bitcoin there's three logical scenarios for
- 31:12Bitcoin. Scenario number one is hyper
- 31:14bitcoinization Infinity divided by 21 million.
- 31:17Bitcoin is a substrate straight for value, communication,
- 31:21transfer, etcetera. Situation #2 is Bitcoin fails.
- 31:28There can be a number of reason why Bitcoin fails.
- 31:31Bitcoin could become obsoleted by some other competitor.
- 31:35Bitcoin could be corrupted. I think the the the most likely
- 31:39scenario for Bitcoin fails is that the game theory is broken
- 31:43and therefore like the fundamentals of what keeps the
- 31:46network going breakdown. Because Bitcoin's almost like
- 31:49it's like propelling itself into the future.
- 31:51So like if the game theory breaks like it like the shit
- 31:55coiners will be right and and Bitcoin won't propel itself into
- 31:58the future if you will. So scenario #2 is Bitcoin breaks
- 32:04effectively and Bitcoin becomes obsolete.
- 32:07No one gives a shit about Bitcoin.
- 32:09Just think about like hey you know we have because you know
- 32:13the Internet stack is built on what's it called IP.
- 32:19What's it IP over whatever. I'm I'm blanking out.
- 32:23Who gives a shit Who gives a shit?
- 32:25There was there was actually a protocol war leading up to that.
- 32:28No one thinks about the other protocols.
- 32:30No one talks about the other protocols like Bitcoin could be
- 32:33one of those other protocols. I don't think that's the case
- 32:35but like we have to like have room for that to to to be a
- 32:38possibility, possibility number. Like logical scenario #3 is
- 32:42Bitcoin is just some other asset which I think most bitcoiners,
- 32:47their world view of Bitcoin is that like that at Bitcoin's peak
- 32:50it's a very relevant asset amongst other assets.
- 32:53And what I would argue is that, like, that belief is
- 32:57fundamentally like it. It it cannot exist in a world
- 33:01where you also believe that Bitcoin's a paradigm shift.
- 33:05Like. So if Bitcoin is a paradigm
- 33:07shift, that actually makes paradigm #3 the least likely,
- 33:10because that pretty much says Bitcoin, that that scenario says
- 33:13Bitcoin's not a paradigm shift. It's not a paradigm shift in
- 33:16value transfer. It's not that paradigm shift in
- 33:19value communication, It's just it maybe it's just a highly
- 33:23competitive, scarce asset. That's not a paradigm shift that
- 33:28doesn't change the game where everyone else has to adapt to
- 33:30it. So if Bitcoin, you can't hold
- 33:34the idea that Bitcoin's a paradigm shift and also believe
- 33:37in like let's say Bitcoin is successful but not hyper
- 33:40bitcoinization, I just don't think that you those things go
- 33:43together. So the only two scenarios if
- 33:47Bitcoin's a paradigm shift is OK like what does hyper
- 33:51bitcoinization look like? Or like what the fuck do you do
- 33:56if Bitcoin fails? And the answer to that is you
- 33:58probably want guns. But so you know, on one hand is,
- 34:03you know, get guns and then what does Bitcoin look like?
- 34:06It like what does the world look like with hyper bitcoinization.
- 34:10OK, well if Bitcoin's a paradigm shift in value communication
- 34:16that and value organization and and how we and how we manage
- 34:22ourselves. I think Bitcoiners will agree
- 34:24that you know, if Bitcoin's a paradigm shift, that's how it is
- 34:27a paradigm shift, then not only is it Infinity divided by 21
- 34:32million, but Bitcoin also makes Infinity get bigger because it
- 34:36increases human prosperity, increases our ability to to, you
- 34:42know, create value. But if it's a paradigm shift,
- 34:45Infinity doesn't increase like you know, marginally Infinity
- 34:49increases exponentially because that's what paradigm shifts do,
- 34:53right. Like if you look at what the
- 34:55world look like pre electrification to now.
- 34:58Like not only could no one back then like tell you what the
- 35:01world was going to look like post electrification, but like
- 35:04it's exponentially more productive than it was before.
- 35:08So like it's hard for us to be like look at ourselves and be
- 35:11like hey, we live in an ancient world with ancient technology
- 35:15from a future perspective and Bitcoin's a paradigm shift that
- 35:18unleashes that future world. But if it in fact is a paradigm
- 35:22shift, then the only way to think about the future is that
- 35:26it's going to make Infinity exponentially bigger.
- 35:29And therefore, when you try to like, think through what is
- 35:32Infinity divided by 21 million, it has to be exponentially
- 35:36bigger than you could ever imagine.
- 35:39Because that's what paradigm shifts divided by finite scarce
- 35:44Ledger, you know, means. So I'm just like, I know.
- 35:49I just like went on a. Huge.
- 35:49No, no, no. Like I hope that makes.
- 35:52Sense and I would, I would, I would pay for you to keep going
- 35:55for another three hours. But the way that you described
- 35:58it I think is very accurate. I, I do believe Bitcoin's
- 36:02success is black and white. I do think it's, it's, it's it's
- 36:06binary so to speak, right. It's it's it's either going to
- 36:10go forever, Laura, or you know, or this thing fails now.
- 36:15So it's kind of break. Let's 'cause there's a lot to
- 36:17unpack there, but let's break down one of the first elements.
- 36:20You say bitcoins, incentive structures break.
- 36:23So you know, I'm sure you've gone down this rabbit hole.
- 36:27Clearly you've put some thought into this.
- 36:29What are what? Like throw some ideas What, what
- 36:33would that mean? What would that entail if
- 36:35something like that were to happen?
- 36:39OK, so the best way that I think through, like how Bitcoin works,
- 36:47like the way that I think about it, is Satoshi came up with a
- 36:51scientific discovery slash invention that allowed us to
- 36:57take a cocktail of things and formulate A provably scarce,
- 37:04finite amount of of units that are, you know it, it goes beyond
- 37:10gold because they're synthetically scarce.
- 37:12They're not just naturally scarce.
- 37:14So gold was the ultimately, naturally the ultimate naturally
- 37:17scarce thing. So Satoshi came up with a
- 37:19scientific innovation that created this.
- 37:21So it's like this is something that was never possible before
- 37:24Satoshi's invention and the the whole thing, it's like it's
- 37:30constantly in motion and because it effectively kills, it pays
- 37:36people to keep it alive. So if for whatever reason, the
- 37:42mechanism in which it can pay people to keep it alive breaks
- 37:46down, that's what I'm saying is like that, that's Bitcoin, like
- 37:51it's incentive structure breaking down.
- 37:53I think that is the the hot like if Bitcoin were to fail that's
- 37:56the the highest likely reason why it has failed of all the
- 38:01reasons why it could fail or or become irrelevant because of
- 38:04something else. You know, again I think like if
- 38:08you're being honest, you have to like open the chance like
- 38:10Bitcoin could be made irrelevant.
- 38:12Like I don't think like it could be.
- 38:14Like I think it's very unlikely that happens but like it could
- 38:16be. And part of that is like
- 38:20Bitcoin's incentive structure breaks.
- 38:22You know that's really the shit coiner argument.
- 38:24The shit coiner argument is buy my shit coin because it does
- 38:28Bitcoin better and Bitcoin's incentive structure will break
- 38:32in the future. And so that's why you need to
- 38:35make the compromises to and and get my shit coin.
- 38:38You know, like that. That's, that's the summarization
- 38:41of every shit coin argument. Effectively, it's my shit coin
- 38:45is this way. And it's better because of these
- 38:47changes, because Bitcoin's broken fundamentally in the
- 38:51future. Gotcha.
- 38:54Interesting. OK, so that is one scenario.
- 38:57Let's talk more about the paradigm shift.
- 39:01What gets me really, really excited?
- 39:02One of the things that I remember you told me, I think.
- 39:06You were nice enough to let me record an episode of IRL in the
- 39:11Bitcoin Magazine offices in Nashville.
- 39:14That was fun. That was fun to trip you when
- 39:17you were when you were in Nash, You and Sophie.
- 39:19That was yeah man we had a great time we'll be there soon.
- 39:22We'll be there soon next year for the for for the next
- 39:27conference so. But it was very kind of you to
- 39:29to let me record an episode there.
- 39:32And I remember one of the things he told me and it never left my
- 39:35mind, which was it changes your operating system, it changes
- 39:43your your mindset. And it's a talking point that
- 39:47I've used a lot because it's such a great way of describing
- 39:52it, right? People are on this like Fiat,
- 39:54nihilistic inflationary mindset. And then, you know, like the NPC
- 40:00meme, you take out the chip and then you put in the Bitcoin
- 40:03chip, and then all of a sudden you're on a deflationary,
- 40:07optimistic, happier minds. It's like it just changes the
- 40:12world completely. And the vast majority of people
- 40:14have not woken up to that. So I don't know if you want to
- 40:17add to that a little bit. Yeah.
- 40:21No, I mean, I think that, look, I just want to preface this to
- 40:26that if you accept that it's impossible to be bullish enough
- 40:31and that it's impossible to accurately predict where
- 40:35bitcoins going to go, then you start making predictions
- 40:39differently. And your, I think your
- 40:40predictions are based off of like mental models.
- 40:43So I think it's super important to have like mental models for
- 40:47how you think bitcoins going to play out because that's the only
- 40:50way to like even have remotely directionally correct mental
- 40:54model or predictions. So all of us are in the game of
- 40:57predicting what bitcoins going to do because we're all hodling
- 41:01to have some sort of personal outcome, beneficiary outcome.
- 41:05So that means that you got to have good mental models for
- 41:09Bitcoin if you want to have the most Bitcoin in the future.
- 41:12So I think one of the best ways to and best ways to view Bitcoin
- 41:16especially as a paradigm shift. It's like a paradigm shift in
- 41:20how we think about money and how we think about value.
- 41:23And that's part of, that's part of why Infinity gets bigger
- 41:27because we it's like we upgraded our mental model or we upgraded
- 41:31our mental operating system. All money is an operating
- 41:34system. Like the economists implicitly
- 41:37say this when they say that we're targeting this inflation
- 41:40rate because it's going to make people behave a certain way,
- 41:43right. It literally, it's like your
- 41:44incentive system. It is an operating system for
- 41:48making decisions about your value, making your decisions
- 41:50about your time, as the Austrians would say.
- 41:53So you know if everyone is operating on the dollar
- 41:58operating system or some version of the dollar operating system.
- 42:02Since pretty much all fiats are just kind of like, you know,
- 42:06they're kind of like shitty add-ons to the dollar system.
- 42:11And Bitcoin is like a whole new brand new monetary system
- 42:14completely outside of that. And then we've all like
- 42:17anecdotally talked about how like when you adopt Bitcoin, you
- 42:20behave differently. You start seeing the world
- 42:21differently, you start seeing health differently, you start
- 42:24seeing priorities differently, You start seeing
- 42:26entrepreneurship differently, You start, you stop, start
- 42:29seeing opportunity differently. It changes everything, right?
- 42:32So like, that's anecdotal, but I would say from a mental model
- 42:36perspective is like, it's like you upgraded your mental model,
- 42:39you upgraded your, you upgraded your mental operating system.
- 42:44Another good way of like articulating this is Parker
- 42:48Lewis. He says Bitcoin is counter
- 42:50intuitive and then Bitcoin's hyper intuitive.
- 42:54So I would say it's like yeah, so when you are operating on the
- 42:57Fiat mindset, bitcoin's super counter intuitive but once you
- 43:00put in the work and you go far enough down the the the rabbit
- 43:04hole that you can upgrade your operating system and switch to
- 43:07Bitcoin all of a sudden becomes hyper intuitive because you're
- 43:09operating on the Bitcoin mindset.
- 43:11So again, like, again, like I, the fact that people change
- 43:15their behavior and become arguably more successful when
- 43:18they adopt Bitcoin, that's anecdotal.
- 43:22I think it's like a good sign that Bitcoin's actually a
- 43:25paradigm shift. Like, I think it's a, it's just
- 43:28good anecdotal evidence and I see everywhere.
- 43:31So, you know, there's a reason I'm bullish is because I think,
- 43:35like, I think I'm just being a consistent Bitcoiner, that's
- 43:37all, dude. Like all these bitcoiners are
- 43:40larping that bitcoin's a paradigm shift.
- 43:41I agree, except I actually think I'm thinking through like what
- 43:45are the implications of that? You know, given hype like hyper
- 43:48bitcoinization and Bitcoin being a quote UN quote paradigm shift.
- 43:53Gotcha. And yeah, I completely agree.
- 43:56I think else look I don't think it's a coincidence that the
- 44:00first country. That made Bitcoin legal tender.
- 44:04They fixed the base layer of society, therefore they fixed
- 44:07the incentive structure. I don't think it's a coincidence
- 44:11that that president actually did the things that he said he was
- 44:16going to do if he were to get elected.
- 44:19Not to mention the fact that he's one of the most popular
- 44:21presidents in the Americas. Like like I think, you know, I
- 44:25think that's a that's an example of of of what you're saying.
- 44:31And of course, what it's done to my life personally, what it's
- 44:34done to opti's life, what it's done to my family's life, what
- 44:38it's done to just bitcoiners around me, right?
- 44:41Like, you know that saying like Bitcoin truly fixes this.
- 44:44It does it. It gives you hope for the
- 44:46future. It gives you optimism for the
- 44:47future. Or perhaps you might have, you
- 44:51might have not had in the past. So what's your timeline on this?
- 44:57CK 'cause I think that's another thing that.
- 45:00You know, we've like what I got in 2016.
- 45:05I've been here for a minute, but like, every single, every single
- 45:09day working in Bitcoin is effing brutal, bro.
- 45:13OK, they don't call it the Bitcoin roller coaster for no
- 45:16reason. You know, you work at a Bitcoin
- 45:19company. You feel this.
- 45:20I work at 2 Bitcoin companies. And you feel the impact two
- 45:24times and it is such a roller coaster ride.
- 45:30I feel like the fires, bro. Bro, literally, I wake up in the
- 45:34morning and I'm like, holy cow, I can't.
- 45:41We still do a show every fucking day.
- 45:43Bro, yeah, yeah. I wake up at 2:00 in the morning
- 45:45and I'm like Oh my God, it's Corey on Slack type of thing.
- 45:49So like, yeah, bro, it's you know, but it's super, super
- 45:54purposeful. It.
- 45:57It's super, super, you know, you felt this, bro.
- 45:59You you worked at, you know, the largest Bitcoin only media
- 46:02organization in the world. A super fulfilling work, but it
- 46:08is totally a grind. And when you were talking about
- 46:11that vacation, you said I took six weeks.
- 46:13I don't even know what that feels like, bro.
- 46:15You say that I'm like, I don't even know.
- 46:17I think I took five days off without, you know, wanting to to
- 46:22to how did you, how did you resist your slack addiction?
- 46:26What did you do? You just do your phone.
- 46:30I deleted Slack off my phone. I've taken.
- 46:33I've taken like 2-3 week vacations while working at
- 46:35Bitcoin Magazine, but I've always had a Slack addiction.
- 46:40But no. Yeah, so like, you know, when
- 46:43you leave a company, like they take away your, your, your
- 46:48authentication privileges to get into the whole tech stack.
- 46:52So, yeah. And then I just deleted all the
- 46:54apps that I used to use. And then I pretty much, you
- 46:56know, I joined HRF, you know, shortly after, like giving
- 47:00notice to Bitcoin Magazine in terms of like, I signed the
- 47:05documentation, stuff like that. But I was like, hey, just don't
- 47:08give me an e-mail. Don't talk to me.
- 47:11Like, I'm starting at this date. Like, I don't want to hear from
- 47:14you until then. And they respected that.
- 47:16And dude, holy shit. I, like was like having like
- 47:21kind of personal calls with bitcoiners that, you know,
- 47:23worked with me at Bitcoin Magazine.
- 47:25And, you know, a number of those calls, people were like, man,
- 47:28you look so relaxed. And I was like, I am, well,
- 47:32like, you know, part of, like, you know, my journey and leaving
- 47:35Bitcoin Magazine is like, you know, at the end of it, like I
- 47:38went from hosting like 3 shows at the same time to like now I'm
- 47:42hosting 0 shows, right. So, like, there's no way that
- 47:45you like, you know, get get all the way there unless you like,
- 47:48fully exit, you know, kind of all your obligations.
- 47:51Yeah, yeah, I got you. Well, man, Well, holy cow.
- 47:56OK, So what is the? What is the timeline here, CK?
- 48:04How long? Yeah, so yeah, how we're jumping
- 48:06all around. How long is this?
- 48:08I know we haven't. We haven't caught up in a while.
- 48:10We're just caught. We're catching up live, yeah.
- 48:13Catching up and and talking bullishness simultaneously.
- 48:19So dude, like, I'm on record saying I think it's this decade.
- 48:22You know, now that we're entering closer to Bitcoin, you
- 48:25know, now that we're getting closer to 2024, which is like,
- 48:29you know, close to 50% through this decade.
- 48:32You know, maybe I see this decade is like the the mental
- 48:36paradigm shift for the world. And then next decade is kind of
- 48:39like the building on Bitcoin, building on Bitcoin really
- 48:42starts, you know, you know, I think, like, honestly, we're way
- 48:48earlier than most Bitcoiners think we are.
- 48:51So like in terms of raw numbers, we're way earlier, definitely
- 48:54less than 1% of real Bitcoin adoption in terms of global
- 48:58numbers. But I think Bitcoin's also going
- 49:02to like come way faster than we think.
- 49:05You know it's it really is going to be like gradually, gradually,
- 49:08gradually, so effing painful, so effing painful.
- 49:11Just like every bear, like you know, every bull market bear
- 49:14market vibe is like almost like a microcosm of like what that
- 49:18giant, what the giant green candle of hyper bitcoinization
- 49:23is going to look like. But you know, really it's like
- 49:26it's just slow, slow, slow, slow, slow grind and then the
- 49:31hype and then the hyper adoption phase.
- 49:34And ultimately, you know, if I'm right, if we are less than 1%
- 49:38adoption, that means, that means with all this price action
- 49:44that's already happened and all the Bitcoin that's already been
- 49:47mined that if you look at the S curve of adoption.
- 49:51So you can just Google that right now technological S curve
- 49:54of adoption really like the S is like a pretty shallow S in terms
- 49:59of like it's long and and fat. And then the part where it goes
- 50:03from the bottom of the S to the top of the S that is time wise
- 50:07is a very short period in like the total S And so I guess what
- 50:13I'm trying to say is that. Yeah, so.
- 50:18Where are we, CK? If we're less than 1%, we're
- 50:21before the innovators, right? Like we're before the
- 50:25innovators. Bunker down Opti.
- 50:29Yeah, like that means everything that we've seen has been
- 50:32nothing. Like if you take a like a, you
- 50:35know your your mouse and you just like hover over the early
- 50:38majority, late majority stage like that's the mega candle.
- 50:42You know right here that's like a year of just like the world
- 50:46flipping or whatever. But like you know we got you
- 50:49know honestly like with as long as the things have been going so
- 50:52far, you know just trying to like map that over like this.
- 50:55This could be like 10 years you know so this like early
- 50:59majority. So maybe the 30s are the early
- 51:01majority of the late majority. Like I think like this this
- 51:05decade like we'll we'll probably get, we'll probably get to the
- 51:09early adopter level which is like 10% global adoption And
- 51:14honestly like I would not be shocked if it was like all
- 51:17packed 202720282029 if like the majority of like adoption this
- 51:22decade happens right at the end. Yeah, that basically the the the
- 51:27years after the next, the next having.
- 51:30So not this having the next one. And I mean dude, like if you
- 51:36take into account how many Bitcoin have been mined, how
- 51:39early we are like just raw people wise.
- 51:42And then like you know how far we need to go in terms of total
- 51:46market penetration divided by 21,000,000 / 1,000,000 coins
- 51:51left to be mined. However many Satoshi's.
- 51:53That is like just like we can't even begin to comprehend how
- 51:58much a value of the SAT is going to be on the other side of the
- 52:01S. Yeah, yeah.
- 52:04No, it's. It's.
- 52:07It's a it the I remember having a conversation with Luke Broyles
- 52:11and he was trying to explain to me how it's hard for human
- 52:14beings to understand exponentials.
- 52:16Our minds just don't like we can't.
- 52:20Rapper, rapper Opti's All right, last question, I do want to be
- 52:26respectful of CK's time. We are getting close to the top
- 52:29of the hour, Opti asks. So is 37 SAT's still
- 52:34generational wealth? Question mark, exclamation mark,
- 52:38question mark. The the answer is yes, like in
- 52:43the in the case that hyper bitcoinization happens then
- 52:45absolutely. And I'll I'll explain why. 37
- 52:49SAT's. So 37 SAT's is the block subsidy
- 52:52in 95 years. And so the idea behind that is
- 52:57that, OK, if hyper bitcoinization happens and the
- 53:02arc of human prosperity continues, then it's fair to say
- 53:07that all we know, like we don't know what the fees are going to
- 53:12be like. We don't know what the future
- 53:13Bitcoin stack is going to look like.
- 53:14But we do know that 95 years, 37 stats will be the block subsidy.
- 53:18So we know that if Bitcoin works more hashes then we can
- 53:23comprehend will be pointed at getting those 37 stats.
- 53:27So therefore, and you know again with the arc of human innovation
- 53:32and prosperity over time, in a an optimistic worldview, I think
- 53:38it's fair to say that you know last over the course of last 95
- 53:42years, like the common man in the West lives a higher quality
- 53:45of life than a king 95 years ago.
- 53:49You know, like people don't realize that 95 years ago wasn't
- 53:52that long ago that it we were at the beginning of World War One.
- 53:57There was still kings in heiresses and theocracy and all
- 54:02this stuff in Europe, like democracy in Europe, like that's
- 54:05less than 100 years old. Y'all, you know, So Bitcoin,
- 54:09like we don't even get out of the first phase of Bitcoin for
- 54:12100 years. But in 95 years, given the arc
- 54:16of, you know, progress, I think it's safe to say that like the
- 54:20average human life quality will increase exponentially.
- 54:24And if, you know, if Bitcoin continues to work, if the game
- 54:28theory holds up and the the blocks of these three seven
- 54:31sets, then a way more hashes are going to be pointed at it.
- 54:34So in today's wealth, yeah, absolutely 37 sets in 95 years
- 54:40will be generational wealth for what what we interpret as
- 54:43generational wealth maybe actually then it'll be
- 54:46generational wealth as well. Because I personally think we're
- 54:49going to subsat in terms of like we're going to have to keep
- 54:52dividing it down in order to you know to keep you know scaling to
- 54:57the level of commerce that you know we're going to get to in
- 55:00the future. You know we're we're talking
- 55:02about micro payments across you know AI networks.
- 55:07You know like who knows that's the beginning of like what we're
- 55:09predicting right. So the we're we're just
- 55:12beginning to to get into like what the future holds and I
- 55:15think we're going, I think we're going lower than SAT.
- 55:17So you know maybe 37 SAT so we'll be like 37 million in
- 55:21terms of like what we're denominating should in in the
- 55:23future and you know that guess what one Bitcoin is.
- 55:27So that's that's that's sovereign status.
- 55:31All right guys, you heard it here.
- 55:33That it's what CK just said is rant is why you ain't bullish
- 55:38enough. Anyways, guys, check out CK.
- 55:41You can follow him at CK under score Snarks on Bitcoin Twitter.
- 55:46I'm absolutely sure you have a noster as well.
- 55:49CK It's an absolute honor for for you to join us today on
- 55:53Simply Bitcoin IRL. Really, really appreciate you
- 55:55brother, and hope to see you in the flesh soon.
- 55:59In Nashville or something. Or something.
- 56:02Hey, we'll we'll link up offline and and see if we can, if we can
- 56:06organize something. Yeah.
- 56:07Noster, check out primal.net/cki got that juicy, primal URL.
- 56:14So yeah, you can find me there. Sniped it.
- 56:17All right. Well, CK, thank you so much.
- 56:18Like I said, absolute honor for for you to join us today, guys.
- 56:22If you enjoyed the show, you know what to do.
- 56:23Smash that like button. Consider subscribing.
- 56:25We'll be back tomorrow, 12:15 PM Eastern Standard Time for
- 56:28another episode of Simply Bitcoin Live.
- 56:31Peace out, everybody.