Latest / Simply Bitcoin / Aleks Svetski | Remnant Adoption | Simply Bitcoin IRL

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Aleks Svetski | Remnant Adoption | Simply Bitcoin IRL · Simply Bitcoin

0:06
Yo, Hello everybody. Welcome to another episode of
0:09
Simply Bitcoin IRL. Today's very special guests, a
0:13
friend of mine. Also Alex, sped ski.
0:17
Well, before I bring them on stage, I want to give a
0:19
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conference anyways. Spread ski.
0:49
Are you doing, bro? Happy to see you and talk with
0:53
you. I don't think we've ever had a
0:54
long Format Interview. I think you've only come on the,
0:57
on the live show. Yeah, I think so, man.
1:00
And the one way you and what's-his-name Quakers used to
1:05
like You know Phil. Sorry used to cut and dice
1:09
things in the middle. Yeah.
1:10
The the the live show this is all that is the live show is
1:14
like, you know, you know what, you know, know you're actually
1:17
right. You're actually right because
1:18
that became a live show, so it because I went from we used to
1:22
pre-record it and then we figured out how to do all of
1:25
that stuff live, right? So it involved, I guess is I
1:29
guess evolved is the correct turn.
1:32
Anyways, bro. How are you?
1:34
How's life? How's life.
1:35
Reading good, I'm good, I am fucking spits.
1:38
He's got his mojo back, working on a couple new projects, some
1:43
things on the side and then I'm helping out a new Bitcoin
1:47
company called Lucid Labs, who are doing some really
1:49
interesting stuff. So, yeah, got a lot, got a lot
1:53
going on but also also writing the new book, the Bushido of
1:59
Bitcoin, and wrote a couple fiery articles, the three
2:02
generations Theory last month and then obviously this month
2:05
With the the master class on why Bitcoin matters, thanks to SV B.
2:10
So loads going on. That's awesome.
2:13
Dude, is good to hear. Good, to hear.
2:14
You're busy as well anyways, dude.
2:17
So, first of all, congrats, I don't think this has happened.
2:20
I think this happened. I think this is the second time
2:22
it's happened to you wear. One of your articles got
2:26
published on Zero Hedge. Yeah, probably it, I think three
2:33
or four, but yeah, it's rare. And then sometimes they're had
2:37
picks it up and those two rounds.
2:39
I think I did the rounds with Freedom Coin.
2:41
Slave coin actually. Which was really good because
2:44
that basically took a shit on a theorem.
2:46
It was like a. It was a, it was a good one.
2:49
Oh yeah. So dude.
2:51
So the latest article that I published was called Bitcoin.
2:55
Three generations Theory, Bitcoin will take 60 years from
2:58
Mass adoption. Now, what's really interesting
3:01
sweats keys that you're not the only person that I've heard this
3:03
from. I've also heard this from that
3:05
Hill CEO of start nine laps high and he said the same thing.
3:10
So I find that very interesting Explain to everybody who's
3:13
listening and watching why, you believe Bitcoin will take three
3:17
full generations. And honestly, you know what,
3:19
I've heard that before, but mostly it's just kind of one of
3:23
the things that I do on my free time guys.
3:25
I love, I love collectivist ideologies to put it very, very
3:30
nicely in PG-13. And one of the things that I
3:33
remember was the demoralization of his Society, to make it a
3:38
communist society. And the case that he's making,
3:41
is it takes Three generations for that to happen, right?
3:44
So did is that where you got the inspiration from?
3:47
No, not to be honest. That the inspiration came from
3:50
two things. One was just you'll get a loser.
3:57
You full screen? Oh okay.
4:00
All right. I was like now I'm simply
4:03
Bitcoin podcast so the inspiration of one was just a
4:08
just a spaces. I was doing actually with the
4:10
boys from was that at point B app and and they just asked me
4:15
to like, you know. So what do you think about Mass
4:16
adoption? I was like, you know what, I
4:18
think all of us Bitcoin is jumping the gun and what it?
4:22
What a triggered me basically was, you know, I spent 20, 22,
4:25
pretty angry At the world and life and all this sort of stuff.
4:28
And, you know, I was like kind of doing the whole Twitter tuck
4:31
thing and lashing out and everything and you know, I took
4:34
a sort of long hard look at myself in December, say hey I
4:37
need to calm down. I need to get the fuck off
4:39
Twitter and I need to think about what sort of got me into
4:44
Bitcoin in the first place. And for me, it was like,
4:48
educating people on this thing and, you know, I took sort of a
4:53
step back. And I just started thinking
4:54
about, you know, Bitcoin more broadly, We thinking about how,
4:58
you know people like my mum, for example, my wife and my sister
5:03
perceived Bitcoin and like even you know, you know, Paloma she
5:07
was doing you know, that little bit coin spaces for a little
5:09
while but even even she liked to be honest, she doesn't care.
5:13
Really like she just wants to have some money have a bit of
5:17
savings. Like she's doesn't really care
5:19
about the revolution, all that sort of stuff.
5:21
Like yeah, sure it's all nice. And, you know, she's based and
5:23
all this sort of stuff but like really most people Most people
5:27
don't sort of dive into it to the to the depth that, you know,
5:30
we as Bitcoin is do. So anyway, what my whole thing
5:34
was when I got asked, was like, man this is gonna take longer
5:37
than all of us think. And the trigger point for me was
5:40
someone's like, yeah, but what about it?
5:42
Took technology adoption curves and you know, I was like look
5:45
Bitcoins projecting a technology adoption curve on something like
5:49
Bitcoin which is a technologically driven socio,
5:52
economic phenomenon. So it's going to have a very
5:55
different adoption code. Is just stupid because you can't
5:58
you can't expect Tomorrow People to be.
6:03
You know, to put the entire fucking money in their life,
6:05
savings into this thing like Bitcoin is still more broadly
6:08
perceived as a speculative asset as something that is risk on.
6:13
You know, you I've been in South America now for a number of
6:16
years, traveling around the world.
6:17
You know, I've got a family in Eastern Europe, like the places
6:20
that you think might need it most, they still don't, they
6:23
still don't understand that. They look at it as an investment
6:25
and they brush it off straight away because I don't have enough
6:27
money. So you know, the the second
6:30
piece for me was when I was at the Sochi Round table which was
6:34
full of shit corners but there was a you know good Bitcoin
6:37
cohort they're doing our job and one of the things I kept hearing
6:41
at a series of the roundtables was like oh what can we do to
6:47
help Bitcoin compete in the in the features Marketplace?
6:51
Basically like look at it theorem.
6:53
They got all these developers. They're all this sort of stuff
6:54
and I said, look there's number one.
6:56
Use case is attracting all the monkeys away from Bitcoin,
7:00
right? So they can go and build and
7:02
break shit over there. Because we don't need that.
7:04
And what I found was again this underlying theme of trying to,
7:09
you know, it's kind of like pushing a string right to make
7:11
it move but it doesn't work like that.
7:14
You know, the string needs to be pulled and you know that that
7:18
same sort of thing is happening with it going to people like
7:20
trying to cram features into it. Like, the latest thing is this
7:23
drive change stuff, right. One of the guys was talking
7:26
about drive chain and I said, you know, what's it's similar to
7:28
and he said, you know, it's like liquid.
7:29
But you know, it's better and blah, blah, blah.
7:31
And I just asked the question, like So who's using liquid
7:35
looking? No one no one cares because
7:37
we're just not there yet like Bitcoin is still in the first
7:41
sort of generation. And any way to sort of sum up
7:44
this line of thinking that three generations theory is, the idea
7:48
that generation one is like infecting the system and kind of
7:52
having like a host-parasite relationship and you know,
7:56
Bitcoin in this sense is like the parasite of the virus like
7:59
infecting the host. The next stage is kind of like
8:01
the infrastructure. Generation.
8:04
And then the final one is the utility one, and that's where we
8:07
sort of Internet adoption. So, anyway, we can dig into each
8:10
of those but that was sort of the inspiration behind it.
8:15
So you mentioned, the social economic aspect and I want to
8:19
double that. I want to double it when I
8:22
really want to focus on that because I think that especially
8:24
the last couple days. If you guys have been tuning in
8:27
to Simply we've been advocating for mostly from the The
8:33
technological technological advancement and you see a lot of
8:36
those charts very popular on Twitter, right?
8:39
The, you know, the adopt the famous adoption curve and stuff.
8:42
How would the, how would something that has consequences
8:45
on the social economic level? Which mind you, I do agree with
8:48
you fundamentally I think Bitcoin is going to
8:50
fundamentally change the relationship between State and
8:53
the individual. How would that?
8:55
How is that adoption? How is that?
8:58
How is that adoption rate? Differ?
8:59
Like, what? What is it?
9:01
What is it? The difference between the two,
9:03
Is it that people are so brainwashed to living in a
9:05
certain way and thinking in a certain ways?
9:07
Is that where you're going with that?
9:10
Yeah, it's cultural right? It's cultural so.
9:12
So so particular Norms, you know, developed over time in a
9:18
generation, people do things in a particular way during their
9:24
lifetimes. There's I mean, you know, laws
9:29
and regulations and, you know, business structures and How
9:35
people communicate and operate the way they live life, the way
9:39
they run their businesses, the way they, you know, do all this
9:42
sort of stuff, you know, technology impacts it.
9:45
But the the underlying processes don't change that quickly.
9:51
And then the, the underlying culture doesn't change that
9:55
quickly. Like, it took 50 years of money
9:58
printing really, to sort of like Destroy America, right?
10:03
And you know America is still going to be honest.
10:06
So like these things, you know, larger cultural socio-economic,
10:11
sort of shifts, take time to filter into society because like
10:16
these are these are broader Paradigm shifts than just a
10:19
phone. And I think I say My article at
10:21
the beginning like Bitcoin is not just a fucking iPhone.
10:25
It's not just, you know, online payments, you know, it's not
10:29
just the internet, you know, it's not, it's not just any of
10:31
these things. It's, it's how we How we, you
10:37
know, measure the language of value.
10:40
Like, it's fucking money. It took, it took years for
10:44
people to trust, so it took centuries for people to trust
10:48
fucking gold. It took, you know, it took Years
10:53
for people to like, you know, all we've had in the Fiat system
10:57
is we've had a, you know, the changes in in payment systems.
11:03
Like, you know, when people talk about, I have, but what about
11:05
when gold went off? The, you know, when Bitcoin
11:07
straight, when money went off the gold standard to the Fiat
11:09
standard, like what we had was decades, are probably a couple
11:13
centuries of priming people. That there was a government and
11:19
the Central Bank in place before we could go anywhere near full
11:21
Fiat. So you know, you can look at
11:23
that cycle as a much longer 400-year period before people
11:27
were ready to trust going off. The gold standard, for example,
11:31
you know by and large with a with a, with a primary Reserve
11:33
currency. So a lot has to happen before
11:37
people are going to trust some fucking internet program, you
11:41
know, with all their wealth, like it's just not going to
11:45
happen that quickly. So, So anyway, that's a dude and
11:48
I completely agree with you by the way.
11:50
And of course, you know, my girlfriend one of the most
11:53
astute observation she's ever made.
11:56
And it stuck with me actually actually mentioned it to Jeff
11:59
Booth a couple months ago and I'll say to you threats key is
12:04
like Nico great money, you know, Bitcoins best money.
12:08
I totally understand if she's like, but honestly, I believe,
12:11
people are too stupid. And again, I don't say that.
12:14
Gently and I'm not trying to insult anybody.
12:16
I'm not Whatever. But again those are her words,
12:19
not mine. But if you interpret it, what
12:21
does that mean? That means that, I think people
12:23
specifically in the west are so distracted with the bread and
12:26
circuses. So distracted with the efficient
12:29
Financial rails, that I don't think they're even seeking sound
12:33
money. And that was one of the things
12:34
also that when Natalie Brunell interviewed Michael sailor and
12:38
she asked him, like, hey, what are the things?
12:40
What is the thing that keeps you up at night?
12:42
He said the same thing. He's like, you know, in the same
12:44
thing and just in a different way that my girlfriend said, It
12:47
and I think you're making the case for that as well.
12:49
It's just, I don't think people care about sound money and I
12:52
want to tie this in because I feel like we've beaten that up.
12:55
Does it matter? Because one of your favorite
12:58
articles is, We Are The Remnant, right?
13:00
The masses don't matter. So does it matter its fatzke
13:03
that most people, the average everyday person you interact
13:06
with aren't a we don't really care about some money.
13:10
Well, I don't think so. So like if we look at the three
13:15
generations again, so I mentioned generation.
13:17
One is the infection stage. It it actually lines up with the
13:20
hole. Remnant idea is that the
13:21
infection stage, is the stage where you've got to appeal to
13:24
the remnants, right? Like the people who are the one
13:27
percent, who are the outliers, who are the intolerant minority,
13:31
and the people who refuse to comply, right?
13:33
And in that phase Bitcoin is fundamentally, not appealing to
13:37
everybody else. Because most people are not
13:39
fucking like that. You know, victims could appeal
13:41
to the 2% before it appeals to the other 98%, or, you know, to
13:44
the 20 before the 80, whatever, whatever sort of ratio you want
13:47
to use. But it's got an appeal to the
13:49
minority first and and that phase, you know, is where
13:53
Bitcoin is at the moment. So you know, step one Bitcoin
13:56
had to sort of first like prove that it was something that
14:00
somebody would trade it for like a good or service which we had
14:04
with Bitcoin Pizza day, then I needed to prove itself that, you
14:07
know, it has some sort of utility which it did with Silk
14:09
Road. add then it needed to kind of kind of like enter and start
14:16
to financial has itself what you did with with now box, like it
14:19
needed to kind of infect, the economic element and start to
14:25
become a market. Good like What you did and then
14:30
everybody realized you can make fucking money out of this.
14:32
Shit's all the shit coin is came and they made copies which is
14:35
probably what we had to go through anyway, as much as we
14:37
hate your coins and all that sort of stuff, we have to go
14:40
through that fucking face. So that sort of brings us to the
14:43
point now where Bitcoin is like financial izing and if we think
14:47
about what Society is society is is a collection of individuals
14:53
who are Interacting economically.
14:57
So if Bitcoin is infecting that system, it's got to be an
15:01
economic Beast. It's got to interact with it's
15:05
got a sort of infiltrate, everybody's behavior and it does
15:10
so by becoming an economic basis.
15:12
So, we're still probably a couple Cycles away.
15:15
Sorry, couple having Cycles away from, you know, that all being
15:21
sort of secondary. And that's where I think, you
15:24
know, we enter the next phase which is the infrastructure.
15:26
Phase is the kids who are fucking born in 2008 and later
15:31
who don't know the world in which, you know, Bitcoin didn't
15:35
exist. They're going to view Bitcoin
15:37
completely differently. Because by the time they come of
15:40
age by the time they're 20, like their last couple years where
15:42
they may have been interested in speculation, Bitcoin will have
15:45
appreciated the such a degree, especially these next two are
15:48
beings that speculation won't be on top of their mind.
15:51
They'll be looking at it as this thing that is like
15:54
infrastructure, infrastructure grade.
15:56
So they'll start to build shit with it.
15:58
And, you know, when they're 20, you know, 20, 30 onwards right
16:03
there because they become the entrepreneurs, they become the
16:06
capital allocators, they become the people who are doing stuff.
16:09
With this thing and the coin sort of takes on a new
16:13
dimension. Like it gets perceived
16:14
differently and you go. We gotta remember like the coin
16:17
was first perceived as Internet finding money, then fucking drug
16:20
money, then Ponzi scheme, then fucking gambling product.
16:25
You know, now we're at sort of the stage of shit.
16:27
This is, you know, potentially a treasury product.
16:30
Like, so it's evolving as it goes.
16:32
But, you know, we're still in the specula Tori infection stage
16:35
that that still needs time to sort of Of filter through and
16:41
Bitcoin post that will behave differently.
16:43
So, what it? So you mentioned about the next
16:45
phase, right? Could you could you elaborate a
16:47
little bit more on that? Like, what is, what is the next
16:49
phase look like to you? Well, as we get further out the
16:54
less clear we are, but essentially infrastructure.
16:57
So what do you mean by that? What do you mean by
16:59
infrastructure? Building, you know, lightning
17:03
that work out, for example, building, you know, Master out
17:07
and you know, integrating stuff like payments into sort of
17:13
communication protocols building out, you know.
17:18
I don't know fucking what embassies doing with Sovereign
17:22
Tech stack stuff, so that way people can run their own nodes,
17:25
Etc. So, I don't even, I can't even
17:28
begin to think of like what that stuff will be because in five Is
17:31
time when you know Bitcoin is a couple million dollars like
17:34
after we've gone through a couple more having cycles and
17:38
you've got much more liquidity in the system and therefore, you
17:42
have less volatility and you have this technology-based that
17:47
you can query, how much money there is where all the money is,
17:50
and all that sort of stuff, like businesses will start to think
17:53
about, how can I add this to my whether it's my balance sheet,
17:59
whether it's part of my overall text.
18:01
Deck, Etc. So there will be service
18:03
providers that come out. So, Lucent Labs that I'm working
18:05
with at the moment out of Austin, they want to build a
18:07
full set of Enterprise products for businesses to basically plug
18:13
in Treasury and plug in payments and it could be anyone and they
18:16
don't have to figure it out themselves, work it out
18:18
themselves or watch any fucking YouTube clips on how to run the
18:21
node. It's like, hey, you call a
18:22
professional, they come in and they, and they Bitcoin enable
18:25
your business basically. So all of that sort of stuff
18:27
will happen in the next infrastructure stage.
18:30
And, you know, the Further, we go into that many stages of the
18:33
infrastructure stage, you know, maybe we'll do some protocol
18:36
stuff then we'll see. You know, companies emerge out
18:39
of that. Like, all that sort of stuff
18:40
will come next by the Builders of that generation, which ain't
18:44
going to be you. And I you and I will fucking be
18:47
sitting back relaxing because we'll have done our time will
18:51
have done our work and then it's the next Generations job to go
18:55
and build Ship. What's the timeline for this?
18:57
What do you think? So that's why I think I mean
18:59
each generation is roughly 20 years, right?
19:01
Right. So you know those kids will show
19:03
between 2030 and 2050. There will be a whole lot of
19:06
building shit going on and then when they hit 40 and their kids
19:11
hit 20 right there, their kids are then going to view the coin
19:16
in a completely different language.
19:18
Interesting interesting doctor available you know Bitcoin by
19:22
that stage will be far more mature in terms of price they
19:26
are going to actually use the shit.
19:29
And by then we'll be fucking, you know, almost dead and like
19:33
that's why sort of at the beginning of the article I say,
19:35
you know, Bitcoins you know real adoptions going to come after we
19:39
all sort of died off and like imagine that third-generation
19:43
like they won't even know of a world.
19:46
Like, they couldn't even fathom of the world, like, you guys had
19:49
you guys leave without Bitcoin. Like, God, I don't get it like,
19:52
so it's very different kind of viewpoint.
19:55
And this is, this is what I'm talking about talk about, when I
19:57
think about like Paradigm shifts, by Bitcoin is a paradigm
20:00
shift and it's completely incompatible with the old and
20:04
you sort of have to go through a couple Cycles until you sort of
20:07
wash away. Like we're, you know, in the
20:10
article I said for the privilege of being the founding fathers of
20:14
this thing we Also have to like the price.
20:17
We pay is enduring clown world because like we are
20:19
fundamentally like Bitcoin clashes with the with the status
20:23
quo and we just got to like hold on and carry that shit through.
20:28
Yeah, man. And it's, and it's tough, dude,
20:30
it's tough in a way, I wouldn't say it's tougher than what
20:35
previous generations went through with Kinetic War but in
20:39
a way, it is kind of you are an information War.
20:43
It's a war of narratives. It's just, it's just
20:47
interesting. You know, of course you can
20:48
unplug you just, you know, turn off your phone, go to the beach
20:51
and, you know, pretend like it's not there.
20:53
But when you are plugged in, when you are plugged into, you
20:57
know what I consider like the modern you know front lines or
21:02
just, you know, the internet, dude.
21:05
It's it's heavy. Sometimes like it's heavy and I
21:09
think the part that Really upsets me sweat skis, how is
21:14
sleep? People are like and how night at
21:16
like and how prone people are to believe certain narratives,
21:21
whether you know, that's narratives from Legacy corporate
21:24
Media or the government, right? And I saw this very and what
21:28
comes to mind is very powerful quote from Jack.
21:32
The sobic he said, if the social media was around in 2003, I
21:36
don't think the Iraq War would have happened and that tweet Ali
21:41
stuck by me like it. Did it really made me understand
21:45
how how much Bitcoin has changed everything right?
21:48
It's disintermediated information.
21:51
Let me add one. If social media wasn't around in
21:53
2019 or 2020 covid-19 have happened.
21:59
You want to elaborate a little bit?
22:01
What, what why did it happen? It happened because those
22:03
fucking online hysteria and everyone lost their minds.
22:07
It would have just been a bad flu, is what you're saying
22:09
exactly? Nope, nobody would have known
22:11
shit. Nobody would have known shit.
22:13
Like, if you look at, I mean, that kind of thing would have
22:18
totally spread long before had. Like, if we had on social media,
22:25
the way we did in 2003, you know, whatever the virus was
22:28
back, then we would have had luck.
22:31
Back then, yeah, so basically it's that double-edged sword,
22:35
right? Is and that's sort of how
22:38
technology is function, but like, you know, it was it's a
22:45
tool to be used. And yes, when you when you're
22:48
surrounded by idiots, the tool gets used in strange ways, 100%
22:53
100%. All right, dude, I want to Pivot
22:55
a little bit. It's one of your tweets, you
22:59
know, really stuck by me. Which is you said, capitalism is
23:03
brutal goes on to say, we don't live in a capitalist world do
23:07
we? We continue CC privatized loss
23:10
with privatized wins and socialize losses.
23:14
Yeah. The The Bugs Bunny main right?
23:18
It's cool. My gains losses.
23:22
It's such a good me mopti. Could you pull it up in the
23:25
background? So we could share it.
23:26
So we can show everybody who's watching.
23:29
It's the bomb. I mean look it's like You know,
23:34
II don't know the exact details of the whole Silicon Valley
23:37
thing. But, you know, soon as you hear
23:38
FDIC backstop, blah, blah, blah blah blah.
23:41
You know, you know, basically somebody else paid for someone
23:46
else's Misfortune and, you know, I'm not saying that the startups
23:50
were at fault, you know that it was, you know, they should have
23:53
been, you know, it wasn't their fault, they had money here.
23:56
It was the assholes who are running Silicon Valley - I get
23:59
all of that. But you know, The money just got
24:05
fronted by an organisation who doesn't actually create any
24:10
value which is the government of central bank, which means that
24:13
the money is going to come out of the pocket of people who had
24:16
no upside in those startups or anything in the first place.
24:20
So anyway, we keep repeating the same thing and we keep playing
24:26
from the same Playbook and I did a tweet actually the other day,
24:30
which was, you know, if you want to teach your kids, Capitalism.
24:34
You know, when they start with if you want to teach someone
24:37
communism, let them play with something.
24:40
When they break it, you know, have someone else pay for it?
24:43
Going to teach them capitalism. Let him play with something when
24:45
they break it. They need to fix it or pay for
24:47
it. And, you know, that's sort of
24:50
like That's all really the difference, right?
24:53
And you know, when we see this with socialization of losses,
24:57
right? It's you know, go out, move
25:00
fast, break things, take risks blah blah you know and make a
25:04
shitload of money when everything's going right?
25:06
And then when you fuck up, whoop, Call up that e-government
25:12
Baylor, Isis out someone fucked up and it's just so wrong man.
25:17
Like you know what the fuck did the farmer in the midwest have
25:21
to you know pay more for goods and services for because some
25:26
monkeys out in Silicon Valley were you know trying to play one
25:31
of the Wall Street like you know all got blown up because the
25:36
government was fucking around with you know interest rates and
25:39
all this sort of stuff and blow up the bond.
25:40
It like, it's just, it's just so fucking wrong because you got
25:43
idiots, just do whatever they want and then someone else is
25:46
always paying the bill. And I don't even know what to
25:49
say about it anymore. At this point.
25:50
It's just, it's just so ridiculous.
25:53
Yeah, dude, it's absolutely. And then, you know what the part
25:56
that frustrates me? The most sweats key, is they
26:00
blame capitalism? Like this is the woes of
26:04
capitalism. What's the?
26:05
The, my favorite one is like, this is end-stage capitalism.
26:08
And then you just like, dude, what are you talking?
26:10
Isn't capitalism. What are you talking about?
26:14
Yeah. Capitalism would have been the
26:16
bank fucking fails and around lost their deposits.
26:18
And, you know, somebody goes and, you know, like loses their
26:24
mind and maybe do something stupid over the thing, because
26:27
they just lost everything like, or, you know, like ever lose
26:31
their money and then the VCS, who back the bunch of these
26:35
companies come together, they buy out the bank, they make,
26:40
whatever the Positives. They can as whole as possible
26:43
and then they ensure that something like that never
26:45
happens again. And they run it better like that
26:47
would have been, you know, an outcome that would have, you
26:51
know, got my respect or, you know, I've been the right thing.
26:56
But Luck. Here we go again and and this is
27:01
also why I like, I mean, this was a supposedly, a major Bank
27:04
blow up Everyone's already forgotten about it, bro.
27:08
No one gives a fuck like, no one cares.
27:12
Watch by next week, they'll be something else on the news,
27:14
waves, some other hysteria. And this is why I like, at this
27:18
point. I think that, you know, we're
27:20
like everyone's so desensitized, you know, I don't know.
27:26
This is why I think. Like, if there was real outrage,
27:28
if there was real, something, you know, people would have
27:31
actually thought more deeply about Bitcoin, all this other
27:33
stuff. Now, you know, something else is
27:35
on the news now, No GPT for got announced today.
27:38
So, you know, everyone's like talking to the chat pod again,
27:42
so will will people learn their lesson but that's not no, fuck,
27:47
no, not a chance, you know, maybe a couple, you know, maybe
27:51
half a percent but, you know, those half a percent part of
27:56
that intolerant, minority, that I said, part of that first wave.
28:01
And you know, it just doesn't matter everyone else, you know,
28:06
because guess what, the lesson now is like, you know, I know if
28:08
you saw that mercury email went out like, you know, where
28:11
they're saying, don't worry, we've got 23 million, FDIC
28:15
Insurance, because we've got your deposit split across 12
28:18
Banks, So you've basically what that means is you're going to
28:24
rip the same taxpayer of 12 times if something blows up,
28:28
good and it is and it's absurd that we have to live in a world
28:33
where you have to do that, you have to spread your risk over a
28:38
certain amount of bank. So that the government could
28:41
have enough, you know, you're covered other under that
28:44
so-called you know, 250 thousand dollar FDIC Insurance, it.
28:48
Dude, it is clown world and then this kind of reminds me of We're
28:52
talking about in the beginning about how after two or three
28:55
generations, you know, in the future people are going to look
28:58
back and think like how would like, you know, how in the hell
29:03
like, did they even function are live in this type of society?
29:08
Totally, that's exactly what they're going to be thinking.
29:10
And that's why again, I just think we have to take a
29:12
longer-term sort of view on this because, you know, I mean 2022
29:17
is such a shit show, like, you know, everyone was convinced if
29:19
I can go on a to the moon and You know or whatever the case
29:23
like? Oh sorry 2021, everyone was
29:24
convinced, we're going to 250k. We all get ahead of ourselves.
29:27
And 2021 2022 was fucking brutal.
29:29
Right? You know, everyone's pissed off.
29:32
Everyone was angry and, you know, rightly.
29:37
So we as idiots or got our hopes up, you know, we thought we'll
29:42
fucking so right, that you know, we can't be wrong and and yeah
29:48
we sort of got proven wrong on that thesis and you know, like
29:52
if you sort of take a step back and really Don't care enough.
29:59
The system is too complex, you know, there's so much more going
30:03
on at all sort of concerned, it's left.
30:07
Right? So much noise.
30:09
We're not going to just all of a sudden Go on a fucking Bitcoin
30:14
standard tomorrow. Like, we still like, I mean,
30:18
just the very fact that Bitcoin is volatile, means that it's
30:22
still in the speculative realm, like no, using the fucking shit
30:26
is money because if you buy your goods and services today, and
30:30
sell them in 30 days and in that time Bitcoin halved in price,
30:33
you just fucking wipe yourself out of the business.
30:36
Yeah, like so. So it's just that.
30:38
Okay. So we just have to come put the
30:41
cart before the horse. Horse.
30:42
So you know that that's not to say I'm not trying to be a
30:46
hearing request shit. No, like Approach it with the
30:52
right lens at the right time and the coin is the appreciating
30:56
speculative risk on asset at the moment.
30:59
That's what it is. It's thinking something else.
31:02
Kid yourself that the whole fucking world is going to be
31:04
using Bitcoin in five years or ten years.
31:06
I'm gonna fucking happen. Yeah, and I think but, you know,
31:10
if you take a look at some of the Twitter charts and you know,
31:13
people are saying it's like this Mass adoption the next 10 years
31:17
and what you're saying is like, no that's not going to happen.
31:20
People are just not awaken to it.
31:24
I look, I do believe that. There is going to be a good deal
31:30
of adoption the next decade. But I have seen what you've been
31:34
talking about in terms of the psychology of people
31:38
specifically in countries like United States, Australia,
31:45
Europe. I'm not I'm not optimistic about
31:48
those countries. I'm very pessimistic.
31:51
Funny thing is, it's also in the, it's also in the broken
31:54
countries, man, like Eastern Europe, you would expect
31:56
everybody to be on a Bitcoins now.
31:57
Nobody gives a fuck. Yeah, it's too expensive.
32:01
That's the that's the number one thing like I went around like
32:04
Macedonia, for example, and that's the kind of country that
32:07
needs it. You can't send money in and out
32:08
of Macedonia, for example, because the bank's just fucking
32:11
block the shit like so there's embargoes and all that sort of
32:13
stuff, you know, they're more comfortable, stable coins, you
32:18
know, because they can get their head wrapped around that.
32:20
But for them they just like you know, there's the there's the
32:24
language barrier, there's no there's no content, you know.
32:27
There's a A couple people who might get it, but by and large
32:30
like they just not there. So, and that's the same, like,
32:34
in Brasilia, like, you talk to most people.
32:38
I have heard about the Bitcoin thing, but it's too expensive.
32:41
You know, I kind of best in that like, straight away, the
32:43
languages I can invest in that. Denton or even at the point of
32:48
thinking about money yet, like, or even considering that, it's
32:52
better money, let alone holding their wealth.
32:56
In this thing that I understand. It is just think of it as like,
32:59
okay, maybe I can make money out of this thing, like the fact
33:02
that you're thinking I can make money out of this thing.
33:05
Shows that you don't even perceive it as money.
33:07
So like, you know, they might be, you know, Pockets, like
33:11
Salvador and stuff like that. But, you know, you're talking
33:13
about 0.1% of the population, you know, like It's so, you
33:17
know, we really got to get past this, some specula Tori face and
33:21
that's why I say it's like it's not going to be those of us who
33:25
have to undo our own conditioning to sort of remove
33:31
from our brain. That money is a
33:32
government-issued thing or is paper or credit cards, you know,
33:36
and replace that programming with no money can be this
33:40
network that operates, you know, in a decentralized fashion by
33:44
like that First of all, that psychology is a big fucking leap
33:48
but kids that are born after 2008.
33:52
They will perceive a completely differently, that's why I say
33:55
that, you know, when it's their turn, when they're 20 or 21, 22,
33:58
whatever. From 2013 onwards, they will
34:01
perceive Bitcoin differently as this infant.
34:04
They'll see off of, this is a tool.
34:06
I can use this to fucking make my business better.
34:08
I can use this to enhance like, you know, add fucking Financial
34:15
functionality into this app. Like you know they're going to
34:17
think completely differently because they wouldn't, they will
34:20
not have had that prior conditioning.
34:22
That we've had or that our parents had, or, you know, that
34:24
the grandparents have. And that's what that, that's a
34:27
big stats. A real Shift versus us trying to
34:30
like, you know, convince people like trying to convince fucking
34:33
Peter Schiff and gonna happen, you know?
34:35
But a kid that, you know, born in 2010.
34:39
There's nothing to convince Yeah and they most likely also most
34:45
likely they will own Bitcoin right?
34:49
Yeah I mean how quick they can instead of opening a fucking
34:51
bank. How hard is that going to be
34:52
versus setting up a lightning while at wi the fuck?
34:55
Why would you do that for? Yeah. 100% 100%.
34:59
So and they'll be thinking in SATs to as well.
35:01
Sorry. Sorry to keep interrupting look
35:02
like that point state are you talking?
35:05
You're talking like two more Cycles, right?
35:07
So like we're at 25k now you know, let's say next having you
35:10
know, we like I mean eat Having is roughly an order of magnitude
35:13
higher, right? So let's just assume that next
35:16
having 250 having after that two and a half, you know, whatever.
35:19
Let's just say we get to the mill. 1 Mill is cents at parity.
35:24
Like that's actually a point at which you have far more
35:28
liquidity in Bitcoin far less volatility, and people are
35:32
thinking at that point insects That's a very big, that's very
35:37
different place to come from, which is what that generation
35:40
will be growing up in and living in.
35:43
Not you know, the coin between 25k and 30k today, like you
35:47
know, that it's completely different Paradise.
35:50
So one of the things, you know, it's simply to do a good job, we
35:55
are, you know, your slaves, the news cycle.
35:57
And with what we've seen said ski is a calculated effort by
36:04
some members of the US. Permanent to at least slow down
36:07
the adoption of Bitcoin. The regulatory hostility.
36:13
So, you know, it makes perfect sense.
36:15
Obviously, they want to be able to control the money, print
36:18
money, because, you know, that's how they pay for stuff that they
36:21
normally wouldn't be able to afford if they were just
36:23
collecting tax revenue alone. So, does that worry you a bit,
36:28
like what's going to happen there?
36:30
I mean, you know, if we came into this thing thinking that
36:35
there was I'm going to be a fight like surprise surprise.
36:39
There's going to be a fight. I mean, does it worry me?
36:43
I mean like, for me, personally, this is, you know, regulatory
36:46
capture was one of the big reasons why I moved away from my
36:49
prior companies that I didn't want to play ball.
36:52
So, you know, I did that, and there might be others who do
36:57
something similar, or they stay in fight and all that sort of
36:59
stuff, you know, I don't know, like, When You're Building.
37:05
Kind of a bridge between these two systems, right?
37:09
So like as I said, Bitcoins Bitcoins and compatible with the
37:12
existing system, right? And the existing system is
37:14
incompatible with Bitcoin. Like you know I saw some idiot
37:18
was that during the SBB thing, some etherium clown or shit
37:23
corner on Twitter was like, can we just like can we just put you
37:28
know, just dollars on the blockchain?
37:32
Okay, talking about drugs. Like you know, that this is sort
37:35
of Like the level of thinking that's, you know, out there at
37:37
the moment. So it's like this Fiat world you
37:42
know isn't possible to be represented on bitcoin Bitcoin
37:46
as UT exocet. It's got addresses.
37:48
It doesn't it doesn't even operate on the same Primitives.
37:51
So building a bridge between these two.
37:54
Things means that you kind of need to like build a product
37:59
that fits in on both sides but one of the sides that you're
38:04
partnering with, or You're integrating with doesn't fucking
38:08
like you or might perceive you as a threat.
38:11
And, you know, you've got two ended.
38:13
This is where, you know where I again.
38:15
It ties into the three generations as Bitcoin isn't
38:17
infecting, it's infecting the host, right?
38:20
So you know, Bitcoins got to kind of get to being something
38:24
that the host perceives is good for it.
38:28
And the only way the hose can perceive it's good for it is to
38:31
think that Bitcoin is some sort of gambling or specular Tori
38:35
instrument because then the host will bring it in.
38:38
That's the Trojan Horse, right? So Wall Street will try and
38:40
productized it. They'll do all this sort of
38:42
stuff and they'll bring more Capital into it, but the risk is
38:48
along the way, they're going to try and kneecap it or I mean
38:53
maybe maybe this whole thing you know there's regulatory
38:55
hostility is a way for Knocking out the small guys.
38:59
And you know, Landing like, you know, Bitcoin ETFs with the big
39:05
boys, I don't know what the you know the behind-the-scenes
39:08
politics are but at the end of the day it's going to be a
39:11
fight. It's going to be ugly and you
39:15
know this is once again part of why I think like these
39:20
Regulators. These guys all just need to die
39:22
off basically and I don't mean that like we need to kill them
39:25
like but they're all what Mother Nature Brody's old 67, exactly
39:29
Mother Nature is going to take its course And it's actually
39:33
been known to wear. Like if you want changes like
39:36
either in the scientific Community or the educational
39:39
Community, right what tends to happen is the changes happen
39:45
when the previous generation starts to die off?
39:47
Like, that's when things actually change and not before.
39:51
But what's really interesting sets keys?
39:52
That people keep living longer? Write it if you look at like if
39:55
you look at you at like Congress for example or like example, the
39:59
president is dudes in his 80s. This Speaker of the house last
40:03
year. Nancy Pelosi was was in her 80s
40:05
as well like it's crazy. We live in that type of society.
40:09
Yeah. And they're living longer and
40:11
basically, they completely senile.
40:13
It's, I mean yeah, I don't know. I feel like the next couple
40:16
years like that's why this decade is so important, right?
40:19
Because this this decade like the 2020s is kind of the the
40:23
last phase of Bitcoins, you know, first era.
40:26
And we move into the coin second era.
40:29
And like we're going to have to go through all sorts of crazy
40:33
shit. I think to come out of this era
40:36
so that Bitcoin starts to be perceived as necessary,
40:40
infrastructure in the world. And yeah, that that's going to
40:45
happen. But fuck we gotta get through
40:46
some shit. Yeah, 100%.
40:49
There's definitely a lot to definitely a lot to go through
40:53
first anyways, bro. So Dude, first of all, you wrote
41:01
an amazing article or for simply really appreciate that and is SV
41:05
B is a master class on why Bitcoin or you know why bit
41:10
corner or was it. And this is will people forget
41:13
about it in a this in a few weeks and I think you were
41:16
touching upon that in the very beginning.
41:18
You you were, you know you mentioned it, right?
41:21
Yeah. So I wrote the article over the
41:23
weekend, right? And and I hadn't heard that the
41:25
bailout actually occurred, right?
41:27
And then You know, Bill Ackman on Monday.
41:28
Open up Twitter is like this is not a bailout can guess
41:32
lighting, right? But, you know, I wrote it
41:35
thinking that, hey, maybe. This is the moment where
41:40
everybody realizes that, you know, what Bitcoin is have been
41:44
saying, right? Because Silicon Valley Bros and
41:46
the crypto people and all that sort of stuff.
41:48
They've always been laughing at Bitcoin.
41:49
Is like, I had Bitcoins boring. You know, like what you're going
41:52
to just sit there and save it. Like, we mean, where's the
41:54
yield, what can I do, what, you know, the classic, what can I
41:57
do? With my Bitcoin, you know?
41:58
I mean it's like What do you do with money?
42:01
Barack like what you going to fucking kill the house with men.
42:03
Like you save your fucking money and then you use it, right?
42:06
So that's what Bitcoin does really well you save it and
42:09
nobody can take it from you, fantastic.
42:11
Oh yeah. But that's to boring.
42:12
Where's the yield? Where's this?
42:14
Where's that? So, you know my the premise of
42:16
the article was like, hey, maybe this is what it takes for, you
42:21
know, the Silicon Valley Burrows that were laughing at us to
42:24
realize how important. Like first of all, they realized
42:27
that counterparty risk is real. Then they realized that yield is
42:32
a fantasy you know, because like I mean particularly in crypto we
42:37
all know it's a fucking fantasy because there's nothing
42:38
productive underlying it. So crypto yield is just like
42:41
Ponzi upon Ponzi upon Ponzi. But you know, in this case there
42:45
was supposedly getting healed from risk, free assets, fucking
42:47
us, treasuries, and they blow up.
42:49
So like what better what better way to, you know, to prove the
42:54
point that you just can't have fucking yield out of nowhere?
42:58
And anyway, my Thing was I hope this is used as an opportunity
43:04
to understand Bitcoin. So this is what I said, it's
43:06
like this is a master class in why Bitcoin matters and then I
43:10
said that you know the risk here is that the Silicon Valley guys
43:15
instead of being Builders or fixes, they just take a you
43:18
know, a leaf out of the Wall Street Playbook and just do what
43:21
those guys did. And I said, I hope that doesn't
43:24
happen, but it's probably likely to happen and then, of course,
43:28
over the weekend. Exactly that.
43:29
Happened. Maybe with a couple, you know,
43:31
alterations. You know, from what I
43:33
understand, like, the shareholders didn't get bailed
43:36
out and all that sort of stuff. It was just the depositors that
43:39
they got made whole but still like that.
43:43
Money's got to come from somewhere and I think I just
43:45
wanted a really good tweet throw it on that is like you know I
43:49
don't think people realize but where did the money come from?
43:53
You know, like it just it literally got taken from
43:56
somebody else who had nothing to do with this and that's just
43:59
that if so yeah, unfortunately in the end I don't think anyone
44:04
learn shit and it seems like the response at least from The
44:11
Silicon Valley side of things seems to be that Banks or the,
44:15
the digital banks that sort of sit in the middle like, Mercury
44:18
breaks and all that sort of stuff.
44:19
I just gonna split your deposits up a bunk amongst multiple Banks
44:23
so that they can have a larger Consolidated FDIC thing which
44:30
just means that the government can rip the taxpayer off
44:32
multiple times. Yeah, I dunno what to say about
44:36
that. That's you.
44:37
Do you mind turning on the light in your room looks like It got
44:40
dark. Yeah, it is.
44:45
Ya know that. Yeah, absolutely perfect, is it?
44:47
But that's one of the that's one of the things that I've also
44:51
been hearing on Twitter, right? It just this blow-up really just
44:55
it just consolidating the bank's even more.
44:58
Yeah, yeah, yeah. It consulted, the banks in, and
45:00
out consolidates, the risk, right?
45:02
So, two things. So, what's happening is that
45:05
they're just, they pushing the risk up up up.
45:08
And at some point, you know, the risk.
45:10
Is going to sit entirely with the fin, right?
45:13
Then what, you know, like sort of why even have the big four
45:16
that are there, the way with images fucking deal directly
45:19
with the fed. And that's really, you know, I
45:20
mean what what's that pathway? Make Way for Central Bank?
45:25
Digital currencies, you know, so it's all kind of like and this
45:29
I'm not saying it as a conspiracy.
45:30
It's like are what planning at this way.
45:31
It's like this shit's just fucking happening because the
45:34
system is imploding. And every time something
45:36
implodes, they take the easy way out which is a bailout Out and
45:40
every time you take the easy way and bail out, the trade-off is
45:43
some sort of consolidation at the next layer and then you
45:46
create that consolidation, which then just moves the risk up and
45:50
then it creates a new thing. You know, we'll go through
45:53
playing musical chairs again, then when that'll blow up it
45:55
will consolidate even further will get to two players, you
45:58
know, blah, blah blah, and then we'll get to the last fucking
46:01
big boss and when that blows up then, you know, we got Bitcoin.
46:06
And I think that's what we're all looking forward to her
46:08
anyways. So let's talk about your latest
46:10
book. Bushido of Bitcoin.
46:12
What's it about? Okay, so we'll touch on a soup
46:16
and briefly it is I wanted to ask the question of if Bitcoin
46:24
is going to succeed. So I make the assumption that
46:27
Bitcoin succeeds somewhere in the next 50-100 years, right?
46:32
And Bitcoin hottel has basically become the socio economic Elite.
46:39
What happens do we just become fucking Lambo driving?
46:43
Louis Vuitton wearing dickheads, like our friend Richard or do?
46:50
We become, you know, the next parasitic political class?
46:55
Because that could happen to like, you know, large bit coin
46:57
holders start, you know, their own little cabal and do do
47:00
strange things. Granted, you know, there's more
47:03
economic consequence on a Bitcoin standard so that might
47:05
be harder to do, but, you know, you could still become a piece
47:07
of shit with A lot of Bitcoin, you know, or do we seek to
47:12
become men and women of virtue, basically.
47:14
And so what I did was, I did a deep dive for about a year.
47:17
I studied like ancient warrior cultures, we could ask, like,
47:21
which cultures embodied the greatest degree of sort of
47:25
virtue and morality, and it always came out to be worried of
47:28
cultures, because they live and sort of breathe at the edge of
47:32
life and death, right? So in that environment, You
47:39
can't you can't have weak virtues like so I studied the
47:44
samurai, the Spartans, the ancient macedonians sort of the
47:48
chivalric nights of front from the Templars to the Franks to
47:53
the English and all that sort of stuff.
47:55
And what I found was a whole commonality of particular set of
47:58
Virtues. So I wrote basically, what are
48:02
the eleven virtues that Bitcoin is should seek to embody?
48:05
In order to effectively become leaders of the future world
48:12
because, you know, something and I know this is a this is a
48:15
troponin sort of the Bitcoin space like I know but he does,
48:18
that's horseshit please leaders. The question is scale, are your
48:24
leader your leader of your own life or your leader.
48:27
It family, you know, household your community, your business,
48:30
Etc. Like different people operate at
48:32
different scales, right? You know, the problem we have
48:35
today is we have Unaccountable so-called leaders, which, I
48:41
mean, I can't even say fucking people, like Biden cetera
48:43
because they're just fucking parasite, they don't even
48:45
qualify on the way to ship, but anyway, to sort of tie off the
48:49
idea that's basically what it is.
48:50
It's not really a big book. It's a question, it's a book
48:54
about culture history, and the future of like, studying, I want
49:01
to show end, I guess the relationship to bitcoin is that
49:05
most likely the people with the money are going to be
49:09
bitcoiners. So, we should start thinking
49:11
about this stuff now for our kids and grandchildren.
49:16
How, and I think, you know, Opti and I have definitely had
49:20
conversations about this particular subject, so I find it
49:23
out. If I find it fascinating, I
49:25
think that it is a topic worth exploring.
49:27
Do you think that bitcoiners which, you know, become The new
49:30
Elite Class, I hate saying that it sounds painful to say that,
49:34
but if you have a very wealthy, you know, portion of the
49:37
population you could basically make the case that that's the
49:42
new Elite Class, right. They're the ones that are going
49:44
to have the most political influence.
49:46
So right about Bitcoin, obviously both of us think we
49:49
are. And it goes into that
49:51
transition. That Corners become the most
49:53
powerful influential, wealthiest people on the planet, Do you
49:57
think they could avoid the trappings of of, you know?
50:03
Do you think, do you think that? Do you think that bitcoiners can
50:08
avoid the trappings that has affected the everyone else?
50:13
Yeah, previously, yeah, that's that's the question I asked, I
50:17
don't know, that's what we're going to find out in the next
50:20
50-100 years. But, um, I without a set of
50:28
Virtues like without a code, right?
50:31
You don't avoid those trappings, right?
50:34
So and this is sort of what happened in the 17th 18th and
50:38
19th centuries was the West did away deconstructed, all of those
50:45
prior codes. They deducted all that stuff,
50:47
they laughed at it and the laughter, they laughed of
50:49
Christianity, laughter of this, you know, chivalry is dead,
50:52
right? And all that sort of stuff.
50:53
And they basically said what held the what gave the culture
50:59
strength. So this is why, you know, I
51:03
wrote this is that Bitcoin is can avoid that if they have
51:07
something more to Aspire towards than just making fucking money
51:11
or just stacking stuff as being the richest right?
51:15
There's there's more to life than that stuff and you know I
51:19
listed out 11 virtues. It's like if you seek to embody
51:21
the virtues If you seek to sort of meet these principles, your
51:27
guidance, your North Star or your Guiding Light chain.
51:32
This is our that you become, you become a better individual.
51:36
You don't become a turd and you know, there's more people around
51:43
civilization, get guy time. I make a point in there.
51:46
It's like people always saying oh you know, how do we change
51:48
the world? And they're looking at, you
51:51
know, somebody to change the world from the center and the
51:55
no, no no. You change the world by being
51:57
someone that others want to be like, you do it exam.
52:02
So I'm happier healthier stronger Theta, family, fucking
52:09
good kids smart, kids, healthy kids like, you know, cool
52:12
business. Like all that sort of like you
52:13
become someone. Others would be like what others
52:16
want to emulate or others are inspired by what Where do you
52:19
want to put in there? But that, that sort of how you
52:22
think the world and, you know, you don't become a piece of
52:27
shit. Like, nobody really wants to be
52:28
like Richard Hart, right? Like wearing a fucking
52:32
Louisville onesie, like cool, bro.
52:36
And you know, when people see that but like, okay, I don't
52:39
want to be anything like that and then unfortunately, they
52:41
dumped the coin in that sort of equation.
52:43
But like, you know, I think to answer your question, I think
52:47
you can avoid the wrappings. But it's a question of the said,
52:51
like what who do we want to become?
52:59
And then that will sway that outcome.
53:03
Yeah and I think it's a very, very important.
53:06
Very, very important question, and let's see what the future
53:11
holds, I'll leave it at that. Anyways, fenske course, thanks,
53:15
you thank you so much for joining us on simply Bitcoin
53:18
Ira, I know you have to run, why don't you tell everybody where
53:22
they can find you online, and what your work?
53:24
And what are your, what your projects that you're working on
53:27
these days? So sure.
53:29
So thank you again, for a really good to see Twitter at ski
53:33
rides, wri, TS like sets Q, dot info, should also what that
53:39
should take you to like a link tree.
53:40
It's got some stuff in there on communist dot-coms.
53:42
Obviously the bookmark must and Ira Bitcoin x. .I o if people
53:47
want to check that out that's got a bunch of essays on it and
53:50
you know copies of the actual collectible and you know, when
53:54
we'll be coming out later this year so probably June July Yeah,
53:58
and check out Lucent Labs .ko if you sort of interested what kind
54:04
of infrastructure companies are going to be built over the next
54:07
couple of decades which I think is going to be really cool.
54:10
So that's the awesome dude. Sure man.
54:15
Alright guys, thank you so much joining us another episode of
54:18
Simply Bitcoin IRL. We will see you tomorrow. 12:00
54:21
12:15 p.m. Eastern Standard Time for brand
54:24
new episode of Simply Bitcoin. Love you all see you Mauro
54:28
peace.