Latest / Simply Bitcoin / The UNCommunist Manifesto with Mark Moss & Alek Svetski | EP 523

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The UNCommunist Manifesto with Mark Moss & Alek Svetski | EP 523 · Simply Bitcoin

0:04
Welcome back everyone. We're simply Bitcoin.
0:06
We break down the news. The daily fail mean review.
0:09
Software releases Hardware, releases and the plebiscites
0:13
joining us today. We've got to return guests, very
0:18
special guests. The co-authors of the uncom,
0:22
unist manifesto. That's right.
0:24
I'm talking about Mark moss and Alex vets key guys.
0:29
Thank you. Very.
0:30
Much for joining us on, simply Bitcoin, absolute pleasure, as
0:34
absolute pleasure. Probably the most fun podcast
0:36
I've been on. So happy to be back likewise.
0:40
Awesome, awesome. Alright, you guys know the deal,
0:42
you've both been here before. Let's dive into the numbers
0:44
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At the time of this recording, the block height is 743 1764 the
1:12
Bitcoin price. 20,400 chain rewrite days 827 total public
1:19
lightning capacity, 4060 7.6 Moscow, time, 4902 blocks to The
1:26
Happening. 96,000 236, and the samurai I I Whirlpool unspent
1:31
capacity, Samurai Whirlpool is a coin or collaborative spend.
1:34
It is not a mixing service and the unspent capacity for that
1:38
pool is 4803 dot 70. It is climbing, Nico.
1:44
And those are the very uneventful numbers.
1:47
Once again, I'm just not going to say that Bitcoins and you
1:51
stay with coin because when I said that four months ago and
1:53
went from 30 Cates, when he K, anyways, I have a thread that I
1:58
rent ran into today that You guys are literally the perfect
2:02
people to talk about. Mark, you talk about this all
2:04
the time on your show. So let's get you talk about the
2:07
clown world as well. So let's check it out.
2:09
This was actually really good thread.
2:11
I will put it down the link description so you guys can
2:13
check it out. It's by liberally Liberty, lock
2:17
pot. He says the American Spirit of
2:18
Revolution, modern-day revolts are happening everywhere and
2:22
they aren't being reported on. I wonder why that is the great
2:26
set and inflation from lockdowns plus Central Bank printing.
2:29
He has pushed people to their breaking point, right?
2:32
This is, you know, the famous, if you've been, if you're in the
2:37
Legacy Media, mainstream media Matrix, you're not going to know
2:40
this is happening. There's a huge protest into that
2:43
lens and it looks like just Farmers or just revolting
2:47
towards the bureaucracy. The rules there.
2:50
There's been newer being sprayed on government buildings.
2:53
Glorious to see it, just keeps going.
2:55
There's a diagram of it, but it's not only the Netherlands.
2:58
This is Ghana has gone. Has 25 percent inflation Sri
3:02
Lanka, right? It just keeps going the
3:04
military's defending, gas stations, it also another, a
3:08
couple country. So it is chilly as well, Ecuador
3:11
at more videos from Ecuador, Spanish Farmers.
3:14
So, it looks like there's a World's ride Revolt, but this,
3:17
this happened. This started a lot sooner
3:19
because it was also the Canadian trucker protests as well.
3:23
We had BJ ditcher on the show, so clearly something is going on
3:28
here. Argentina, not to mention.
3:29
So 80 percent inflation reported this year.
3:32
The find the, the guy that architected the deal with the
3:36
IMF step down a couple days ago according to an article from
3:39
Bloomberg Mark, you have an awesome Theory.
3:42
It's something along the lines of this is Peak centralization.
3:46
Why do you talk a little bit about that?
3:48
What is going on and then we'll pass it on to Spence key?
3:51
Yeah, for sure. There's something.
3:52
I've been definitely keeping my eye on watching what's happening
3:55
and to your point, you know, it started with the Canadian
3:57
truckers but it really started way before that.
3:59
So if Look back before the pandemic, everyone thinks the
4:02
pandemic was this Black Swan event, which whatever kind of
4:06
was, but these protests are nothing new.
4:09
So before the pandemic, we go back to December of 2019.
4:12
There were 10 countries with over 1 million people each in
4:17
the streets protesting and a lot of people probably have
4:19
forgotten but remember what happened in Hong Kong China,
4:23
taking over Hong Kong and they were in the street singing, the
4:25
National Anthem and waving American flags begging for
4:28
someone to stand up for their freedom.
4:29
I'm supposed like we're doing with Ukraine today, but there,
4:32
that's a different story. But anyway, so this has been
4:35
going on for a long time and of course, it's only escalating.
4:38
We got locked down to the United States, lockdowns around the
4:40
world to your point, the truckers, and now we're seeing
4:42
the Netherlands. It's interesting to note that
4:45
the Netherlands, you know, they're standing up because of
4:47
basically these, you know, the central planners have basically
4:50
said that their cows are bad for the environment too much
4:53
methane, Etc. And so, they're shutting down
4:55
the Farms they're showing down foods, but in Sri Lanka, for
4:57
example, it's a whole different situation as it is Ecuador
5:00
Argentina. So it's different reasons.
5:02
Why people are protesting all over the world.
5:06
It's not different reasons. It's all because of central
5:08
planners. The the particular reasons to
5:11
their out that there that there are riding are different.
5:14
And so ultimately what I talk about is this pendulum that
5:16
swings back and forth on a 250 or timeframe that hits on Peak
5:21
centralization and then swings back towards decentralization.
5:24
250 years ago was when we just celebrated July 4th, United
5:28
States. So 250 hours ago was the
5:30
American Revolution pushing back on the centralization of the
5:33
monarchy 250 years before that Protestant reformation and here
5:36
we are again pushing back on Peak centralization Peak,
5:40
Central planning and we can see it all over the world.
5:44
I saw this other thing. Today, of course, the United
5:46
States isn't quite at the level of the Dutch.
5:48
But this poll that came out by my mouth, which is one of the
5:51
most respected polls in economics.
5:53
And they said, what are people in the United States concerned
5:55
with 33 percent inflation, 50% gas prices, 9% economy, Six
6:00
percent groceries, etc, etc. Nowhere on this list, was
6:06
Ukraine nowhere on this list was climate change or ESG.
6:10
And so this kind of shows you how out of touch these Peak the
6:13
central planners are with what's going on and what people care
6:16
about. And of course, the Netherlands
6:18
is that in these exact example of that as well.
6:20
So, I don't want to say, I'd love to see it.
6:24
I do love to see it. I love to see people actually
6:26
standing up for the rights. Pushing back.
6:28
I posted something yesterday, July 4th, who treason was the
6:32
reason for the season? And, you know, it all comes back
6:37
down to, just not complying. And anyway, that it's a sign of
6:41
the times. And unfortunately, I think it's
6:43
only going to continue to escalate until things break and
6:46
then we swing back towards more freedom.
6:48
Absolutely, so that's key. Add on to what Mark was saying.
6:52
Where's this going brother? I don't know what to add on
6:56
other than nice or click today with Nicole Kidman eating bugs.
7:01
I'm Nicole Kidman. And I am going to eat four
7:04
course meal of bugs, and that was like, I was watching it.
7:11
I was like on that all of the all of the fictional stories
7:15
that we read as a kind of warning.
7:19
It looks like it. Have been warning, they'll turn
7:21
into guidebooks or something. I don't get it, man.
7:25
Whether it's the bugs, whether it's the doublespeak, whether
7:30
it's the, you know, the drugs and the Soma and everything that
7:34
they're pumping people full of whether it's the, you know, the
7:39
fake pendant, like, all of these things, it's just hilarious.
7:42
They've all been written before and, you know, the greatest book
7:45
in my mind, still to this day says, you know, Atlas Shrugged
7:48
and we're just watching that play out.
7:50
And you know, the wheels keep falling off.
7:53
I mean, one thing, I've one thing I will say is, I don't
7:59
know, human civilization and adaptability in many ways has
8:06
our greatest blessing and up greatest curse because we also
8:10
seem to adapt our way into conforming or complying
8:14
sometimes. And what I mean by that is If
8:19
you told me two and a half three years ago that restaurants would
8:26
you know mandate that people have to walk in with a mask.
8:29
In order to sit down and eat, I would have been like brothers.
8:33
Got those idiots will go out of business tomorrow like there'd
8:36
be no customers. And what I underestimated was
8:41
the level of compliance by the Lemmings who literally degraded
8:46
themselves to the level of Of walking into a restaurant with a
8:50
mask on or going into a gym with a mask on.
8:53
So what happened was somehow Humanity adapted enough to
8:57
actually comply with this extraordinary state of
9:01
stupidity, which Which I don't know that.
9:05
That's like, you know, for example, you know, lockdowns,
9:08
everything would have completely been overturned.
9:10
Had people been not so willing to Bow.
9:14
So anyway, I guess I don't want I'm going that other than
9:19
working. What's happening in in the
9:22
Netherlands. Does like, you know, I tweeted
9:24
this warms my heart every time I see some level of non-compliance
9:28
or what I'm calling these days Contra, Appliance so out.
9:33
Active, non-compliance every time I see that it it genuinely
9:37
makes me happy and genuinely gives me some hope, but, you
9:40
know, for every one of those actions there seems to be, you
9:44
know, I mean, I was at the gym again today and it was a guy
9:47
doing squats with a mask on. Like I just don't get it, I just
9:50
don't get it. Like, I can't at this point make
9:55
sense of it anymore. Stoke, absolute.
9:58
I don't know. The one thing I want to say just
10:00
add on to what he said though, is back to this pendulum.
10:03
Ringing, right? And so when does the pendulum
10:05
finally reach its peak and then swing back?
10:08
And so if we study history, thousands, thousands of years of
10:10
History, we can see to Alex point.
10:12
That people are very adaptive and so humans can take an
10:15
enormous amount of suffering and deal with it.
10:18
But the breaking point is always when they can't eat, it's always
10:24
the breaking point. We had the Arab Arab Spring
10:25
couple years ago over in Egypt, it's always throughout history
10:29
and so back to the Dutch Farmers or even even to the, you know,
10:33
people. Biomass to get food, but they
10:34
were still bigger food, but in Canada, the trucker's when they
10:37
took away their livelihood, ability for them to feed their
10:39
families and Dutch and haul in the same thing, right?
10:41
The Dutch farmers are being shut down.
10:43
They can't feed their families and that is always the breaking
10:45
point. And that's when Peak
10:46
centralization just goes way too far, you take away people's
10:49
ability to eat, you've flown too close to the Sun and it's time
10:52
to come down. No.
10:54
And you know this goes to it's funny what you what you
10:57
mentioned with the Nicole Kidman, right?
11:00
Is that the the world leads the party of Davos like I call them
11:04
Are literally advertising. You guys should eat bugs, and
11:07
then it's not a coincidence that Nicole Kidman is doing then, and
11:10
then I would also like to talk about their control, which it's
11:15
declining right there. Controlled the Legacy Media and
11:19
how they successfully utilized fear, to incept.
11:22
A lot of the populace with these ideas that just weren't based on
11:26
facts, right? And that's why they hit the
11:28
internet so much and the internet to add to what Mark is
11:31
saying, is the centralizing all of All of that.
11:34
How people get information and you see the attempt to push back
11:38
with the failed? Biden Ministry of truth, right?
11:42
Thank God for the First Amendment.
11:43
But, you know, you could tell that these Elites are not used
11:46
to Millions upon millions of people, talking freely amongst
11:50
each other through social media. Anyways, Phil, you want to add
11:53
to that before we move on to the.
11:54
Yeah, just just to sorry with somebody about say something, Oh
11:59
I thought okay, I'm sorry, I heard anyways.
12:01
Know what I was just gonna say was because this pesky brought
12:03
up, Nicole Kidman, it got me thinking right away, obviously
12:06
about hollyweird and you know, all the all of the the
12:10
indoctrination that we've had throughout the years.
12:12
And I just want to point out that the following movies were
12:15
not meant to be documentaries. Idiocracy, Logan's, Run Soylent
12:20
Green, the network, all of these movies, they were not supposed
12:25
to be documentaries. Okay?
12:26
And yet we're making them So this is like, this is scary
12:31
stuff and you know what I mean it really takes this kind of
12:37
Grassroots base like you know that that's that's key was
12:40
talking about these you know people that are actively
12:43
non-complying and non-compliant without this, right without this
12:48
you're not we're not going to be able to show other people that
12:51
there is another way in that they do have.
12:55
We have another choice. Absolutely.
12:57
And I think Bitcoin is going to play a major role in this
13:01
empowering. The individual, the likes of
13:03
which have never been seen before.
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All right, guys, you No, the deal.
13:28
And simply Bitcoin, we take an a political stance, especially in
13:32
the traditional Fiat parties. Like, I like to call it.
13:36
We are not for the left, we're not for the right.
13:38
Well, we are, is for the individual versus collectivism,
13:43
right? Because that's really the
13:44
problem. I won't even say it's communism,
13:46
so to speak. I won't even say it's fascism.
13:48
It's really individualism versus collectivism.
13:52
Collectivism. Does not work with Bitcoin
13:55
Bitcoin and Powers the agile over the collective.
13:58
And we are staunchly a guest against anything that is against
14:02
Freedom, the freedom of the individual and whether it's
14:06
fascism on the right hand side or communism.
14:09
On the left hand side, still the same outcome.
14:13
Right? So I just want to re-emphasize
14:15
that we just wanted to preface that.
14:17
So we're going to talk about the Communist Manifesto which I got
14:21
this book at skis dinner. So I've been taking look at all
14:25
those bookmarks. I know I know Unprepared I'm
14:27
prepared. So, sobecki first question for
14:30
you. This is the acknowledgement.
14:32
I know the answer to this question but I'm not the one
14:35
being interviewed. Check it out, says we'd like to
14:38
thank Satoshi Nakamoto for Bitcoin.
14:41
Arguably the most important invention or discovery, not just
14:45
this Century but Alex would argue since caveman discovered
14:49
fire, why is Bitcoin the most important invention since
14:52
cavemen discovered fire. So that's key.
14:56
Oh man. That's a that's a big question.
14:57
And I wrote an entire article about that idea actually buy
15:02
Bitcoin teleportation, but I think to sum it up, I would say
15:07
that humans the fundamentally social creatures and the most
15:13
important social technology is money.
15:17
There's no way for us to measure the product of our labor, and
15:22
play the game of life and civilization, without a
15:25
measuring. Stick and and without a language
15:28
value, right? And that's effectively what
15:31
money represents. It was the first language.
15:35
It'll be the last language. It is the language that persists
15:39
and has persisted from the beginning of time and we'll go
15:42
through till the end of time and in that sense it enables us to
15:46
coordinate and Orient. Ourselves make decisions in a
15:52
fundamentally life is just the set of human actions and what
15:55
precedes you Even action is a value judgment.
15:58
And, you know, money is at the center of all of these things.
16:02
So if we kind of start with that Baseline and then we look at
16:07
what Bitcoin is as perfect money in the sense that, you know,
16:12
this, this thing Maps directly to the things that we talked
16:16
about is like time Energy, natural, resources, etcetera.
16:20
Like it just, it's a perfect map.
16:23
It's fixed in nature and that's, you know, that fixed input.
16:26
Double component is that is extremely important.
16:29
And, you know, if you kind of take those two points together,
16:33
what you realize is that this is a this is a very, very, very big
16:37
deal and the I'll close out with one analogy.
16:41
I cover, which paste I wrote it in, but I talked about like
16:47
Bitcoin as the as a step change in human civilization and
16:52
everything to date could arguably be.
16:55
He looked at through the lens of humans discovering better and
17:00
better money for the purpose of building a more robust
17:03
functional complex, complex civilization, and the coins like
17:06
a step change in that and the difference in the quality of
17:11
civilization of, before Bitcoin. And after Bitcoin would be the
17:16
same as the difference in construction in the construction
17:19
of the house. Between a blind man.
17:23
Using a plastic tape measure. And a man who is sighted using a
17:31
functional tape, measure, you can imagine the difference in
17:34
the fucking house if you know, you got a blind person and you
17:37
gave him an elastic band to build a house.
17:39
You can imagine what kind of shit storm you'd have and
17:42
somehow Humanity through our blindness and throwing ability
17:46
to measure stuff somewhere in there, with still managed to
17:50
build this weird edifice that is somehow holding together with
17:53
like, fucking screws and duct tape and whatever else in the
17:57
Shit's about to fall down, but, you know, there's enough cost
17:59
kind of keep things together on a Bitcoin standard.
18:02
We have actual measuring stick and we actually have visibility
18:06
on the numbers and the school card and we will actually build
18:09
monuments that unlike anything that I've seen before.
18:14
So for me, yeah the difference in the quality of civilization
18:19
is Fucking a different galaxy, different Universe in
18:25
comparison. So yeah, that's why I think it's
18:27
very important. I think.
18:29
I think you can see it easily too.
18:31
If you look at like each technological Revolution that we
18:33
have gives us a new set of building blocks.
18:36
So if all I have is a house of cards, I can maybe put a little
18:39
teepee together, but if I have Legos, I can build something
18:41
much more complex. And so like, fire was that first
18:44
invention that allowed us to cook our food?
18:46
Gave us light and the Darkness and things like that.
18:48
So that guy had a massive Leap Forward.
18:51
If you look at steel, right, steel was a technological
18:54
Revolution and the 1800s and that allowed us to build
18:56
skyscrapers and bridges and seafaring ships, and spaceships,
19:00
and all those things. And so without steel, we didn't
19:03
have anything to build off of anything big, right, more than
19:06
one or two stories. And so now we have another
19:09
building block another Foundation that's harder and
19:13
stronger than steel and we'll be able to build all new types of
19:17
structures off of that new Foundation, that new building
19:19
block. In ways that we can't imagine.
19:22
But I think it will be equally as big as having steel or fire
19:25
one of those things. Absolutely.
19:28
So, in chapter 1, I'm going to pass this to Mark static versus
19:32
Dynamic classes. I love this part of actually use
19:35
this and I tagged you spent ski on prior simply Bitcoin episode,
19:40
The Passage says history is littered with variations on
19:43
hierarchies and the common theme to date has been some sort of
19:46
social mobility within large largely static classes that have
19:50
Asif. Fide over time through the
19:52
replacement of competence with Fiat or decree.
19:55
I'll pop it up for our video, listeners for audio listeners.
19:59
The first pyramid, hierarchy pyramid.
20:02
It's called the feudal hierarchy has the king.
20:04
The note, the king at the top, obviously, and at the bottom the
20:07
surf, then moving on to Modern cronyism, which I would make the
20:12
argument. That's what we're living through
20:14
today at the top or politicians after that as bankers and the
20:18
rich the middle class and everybody else.
20:20
Then there, Is a communism. There's the ruling class of top
20:24
and then there's everybody else. And then, I think that where we
20:27
want to get to, but I have a question for Mark on how this is
20:30
going to happen. It's the super wealthy on the
20:33
top wealthy upper middle class, middle class, emergent workers,
20:37
and then the broke poor and Young on the bottom.
20:39
But most importantly, there are social Mobility, right?
20:42
So it's turning, let me read this passage.
20:46
I'll pass it on to Marx's. We proposed a transformation
20:49
reorganization of, E knot by decree, but by the natural
20:52
emergent force of competence and Liberty and doing so individuals
20:56
can take change of their own future become responsible,
20:59
Sovereign competent versions of themselves.
21:01
In the dimensions they choose or naturally predisposed toward so,
21:07
Mark. There's a lot of people that
21:10
have a lot to lose specifically the politician and Banker class
21:14
if this new reorganization of society happens and I think in
21:21
the book, what was the book, The sovereign individual in, he was
21:26
making the argument. That looked communism Was
21:28
Defeated. He was wrong.
21:30
We have the CCP which really isn't communism.
21:32
It's more of fascistic State capitalistic model.
21:37
How is this going to happen? And don't you think that there's
21:41
a lot of governments is a lot of bullets politicians.
21:44
That's and so much to lose that they would.
21:47
And I tweak this all the time, they would rather have their
21:49
citizens. Tape or if it means them keeping
21:53
power. Yeah, I mean they we all know
21:57
they're certainly not going to want to give up power to it, to
21:59
the point that you made. And and I think most people
22:02
probably underestimate the level of pain.
22:06
They might try to inflict on people to try to keep their
22:09
positions of power. So I think that goes without
22:11
saying, we already know that. I think there's a couple things
22:13
that go in there though. So one I think sets key wrote a
22:16
paper about or he talks a lot about like introducing
22:19
consequence and so the Fiat money system allows them to
22:23
basically continue to make bad. After bad policy without having
22:26
any consequences of that Janet Yellen head of the treasury is a
22:28
perfect example of this. Her career has been basically
22:32
full of Errors. Everything she said is basically
22:34
to just counter trade that I used in a video last week.
22:38
She said she said, I don't think we'll see another another
22:43
Financial recession In Our Lifetime.
22:46
Like they're so out of touch on everything and so, but yet she
22:49
keeps her job and she's worth, you know, hundred million
22:51
dollars or whatever she has, no matter how bad it policy, she
22:53
makes, Bernanke, who was head of the FED fed before the 2008.
22:57
GFC said that, just months before, said that the FED is not
23:01
currently forecasting a recession.
23:03
And so, if these people were in any type of business, like a
23:06
private business that had consequence, of course, they
23:08
would lose their positions, but it's the Fiat money system, that
23:10
enables them to continue to stay in that position of power.
23:14
And so I think if you understand that it's the Fiat money system
23:17
that gives them that ability to stay there and then you remove
23:20
that piece then all of a sudden they'll be subject to Natural
23:23
Market forces. And They make bad decisions
23:26
Bitcoin. Reintroducing, that consequence
23:28
economic Consequence, the lose their money, for example, like
23:32
this ESG movement right now where they're all betting on,
23:35
you know, they're all being forced to invest into ESG, which
23:38
is failing. We're seeing in fail in front of
23:40
our eyes, right? In real-time.
23:42
And so, all those people that made those bad Investments would
23:44
lose their money and they would lose their social status and
23:48
that would be given to people who made good decisions.
23:50
And so only through that introduction.
23:52
I think the only way to get there is is is by removing the
23:55
Fiat money system, and of course the only option to get rid of
23:59
the Fiat. Money system is Bitcoin.
24:00
And so that's the hope. And that's what we think will
24:03
happen. Absolutely.
24:04
So I'm going to use one of their talking points to play Devil's,
24:08
Advocate. I'm going to pass it on to
24:10
spread ski. I'm going to read this passage
24:12
real quick which is what part of what you were saying.
24:14
Mark says the question is, how do we ensure social mobility and
24:18
ident a dynamic inequality? Whose composition is driven by
24:21
competence and the multiple Dimensions that As measured
24:25
says, we have the chance with Bitcoin.
24:27
For example, for the first time in history, the capacity to move
24:30
upwards exist because those at the bottom can officially save
24:34
and protect the product of their labor and downward Mobility
24:37
exist. Because those at the top could
24:39
no longer socialize. Their losses, by printing you
24:41
money or shift the cost of bad decisions on to those, they
24:45
represent. So one of the major talking
24:48
points by these Bankers, right? First of all, a lot of people
24:52
are living paycheck to paycheck. Therefore, they Can't save and
24:55
therefore they would actually benefit more from a more.
25:00
Again, this is using their words.
25:01
I don't believe this but a more stable currency that doesn't
25:06
have the volatility that Bitcoin has my push back to always.
25:10
Is that is that yeah, Fiat. You know, might have the
25:13
appearance that it's stable but it's designed to go down into
25:16
the right, right? It's ever so slightly so you
25:18
don't notice that you're being stolen from versus Bitcoin that.
25:22
Yeah, it might be a rollercoaster ride but at least
25:24
Is designed to go up into the right butts pesky.
25:27
I would love to get your thoughts on this because I think
25:30
that it has been used as a talking point, and I think that
25:33
it will be used as a talking point moving forward.
25:38
Yeah, we'll be. I mean, this is absolutely no
25:41
clear. There's no way to have a clean
25:47
transition. What we're talking about is two
25:50
different paradigms. And as you kind of point it up,
25:53
Paradigm one, Is the slow erosion of the product of one's
25:58
labor. The Paradigm to is the
26:02
preservation of the product product of women's labor and
26:06
Paradigm. One savings, a fundamentally
26:09
disincentivized and therefore it skews time.
26:13
Preference and means they didn't have been talking recently about
26:17
the importance of time preference.
26:18
And I think that is actually the central element to the morality
26:23
of all of society is your ability to lengthen your time.
26:27
Preference and see see as far out as you possibly can
26:32
determines the quality of the decisions you make and in many
26:36
ways is inherently tied to your morality and The current
26:42
Paradigm kind of inverts that and it actually makes you hot
26:50
and your time preference. It makes you shorten your site.
26:53
It makes you, you know, value now significantly more than the
26:56
future and you know, Bitcoin is just fundamentally incompatible.
27:01
It just doesn't work in that kind of a paradigm and I don't
27:05
know like there's a bunch of people who, you know, living in
27:09
Peter Pan land that think, That you know, we're going to somehow
27:12
magically transition over to bitcoin.
27:14
Everything's going to be fired. It ain't gonna happen.
27:16
It's just I'm sorry but it's going to be messy during the
27:21
transition. I'm sorry but you know unless we
27:26
decree that Bitcoin is tomorrow stable which defeats the purpose
27:30
of Bitcoin in the first place, you know, we're not going to get
27:33
some sort of stable transition into a paradigm that
27:36
fundamentally he is in opposition to the current
27:40
paradigm. And I think a lot of people are
27:42
just naive to this and unwilling to accept the harsh truth in
27:48
that sense like Bitcoin fixes everything.
27:52
But in the process of fixing things, it's going to break the
27:54
whole lot of shit. And unfortunately like that's
27:58
the price we have to pay, I'm sorry.
28:00
But, you know, you don't get a heroin junkie off heroin by, you
28:04
know, some keep feeding me and heroin like you got to stop at
28:08
some point and that's, you know, the sixth of elevation, we live
28:11
in at the moment is that, you know, everyone's overmedicated
28:14
over stimulated, you know, over you know, What's the weather?
28:21
Propagandize over everything and you know Bitcoin just doesn't
28:27
fit into any of those molds and it's going to it's going to be
28:31
painful and I'm sorry but you know the with each with each
28:39
Transition. There's a, there's a high degree
28:42
of risk and, you know, that that risk must be borne by the
28:47
individuals who choose to Bear the responsibility of taking on
28:50
that risk. So what I mean by that, is some
28:55
who despite the challenges despite the difficulties facing
28:59
them, and everything will find a way to endure the transition,
29:05
and they will come out. The other end extraordinary in a
29:09
Very strong position and many will not they'll find every
29:13
excuse not to, they'll they'll continue like closing their eyes
29:19
and pretending that reality is not there that it doesn't exist
29:23
and they'll come out the other side in a extremely precarious
29:27
position and the I've only got themselves to blame.
29:30
Yeah. And you know, you say that and a
29:33
lot of people are going to react like, oh, you know, this is bad.
29:36
But here's the thing, if you stop it, Bitcoin and you start.
29:40
Now you are hedging yourself against that you're really
29:44
insulating yourself from this craziness.
29:47
So yeah, but I do tend to agree with you.
29:50
Mark, there's a passage before I pass on to fill passage is
29:54
called unequal progress is greater than equal.
29:57
Destruction says, entropy is the overwhelming force that breaks
30:01
the human body down, over time, coals hot water and turns.
30:03
All governments of the majority into a downward spiraling
30:08
tyranny. Of the lowest common
30:11
denominator. I read that passage to certain
30:15
people and they will literally spontaneously combust, I
30:18
obviously know, house pets. He feels about democracy, Mark.
30:23
What are your thoughts on that last line?
30:26
Governments are the majority sorry.
30:28
Turn entropy turns, all governments of the majority into
30:32
a downward spiraling tyranny of the lowest common denominator
30:37
Well, I think anybody that has a problem with that if they're
30:40
going to, they're gonna internally or combust.
30:43
As you said from reading that, I think they just need to open
30:45
their eyes and see exactly what's happening right now.
30:47
Today, so we're seeing the Democracy, the government's in
30:51
still tyranny, which, of course, we already covered what's, which
30:54
happened in Holland and happen to Canada, Etc.
30:56
And I think if you understand that system overall, you'll see
31:00
that the types of people that politics attracts are the people
31:04
of the lowest order. And so, Anybody who's a producer
31:09
wants to go out and produce, they want to be a Creator, they
31:11
want to create. They want to they want to take
31:13
their goods or services or intellect to the marketplace
31:16
where it's valued. People that can't compete in the
31:19
marketplace, have no goods or services can't produce have no
31:23
creativity. They want to go somewhere that
31:25
they can just suck off of the benefit of others.
31:28
The leech is, if you will. And so politics gives him that.
31:31
Perfect ability to do that Frederic bastiat wrote in the
31:34
law. He calls it, legal plunder.
31:37
And the government uses law to legally plunder from the
31:41
productive class and so back to the kind of the passes as you
31:44
read it, attracts the people of the lowest level that can't
31:47
compete and they'd rather go there and there's tell other
31:49
people what to do. But what we have on our side is
31:53
that doesn't work and over time it fails.
31:57
Now, how long can they keep it going?
31:59
Well, depends on how far they push it but it's pretty much run
32:02
its course and so now they're being forced to push it harder
32:05
and harder and harder to try to maintain.
32:07
Grasp and the more they continue to try to grasp the more people
32:09
are pushing back. Back to Holland again.
32:12
So I think I think I think it's failing and I think anybody that
32:15
can kind of pay attention to what's going on.
32:17
See that happening in real time right now?
32:19
Absolutely. Phil you want to add to that
32:21
before we move on to the next chapter?
32:23
Yeah, no. I really just wanted to say two
32:26
things, Frederic bastiat, sigh learnt from Francis pouliot and
32:30
that is somebody. I think everybody especially in
32:32
Bitcoin should read more of I had never heard of him before
32:36
two years ago. So In Italy on my reading list
32:39
and the other piece. I just wanted to add was to go
32:41
on something that that's he said it's very important that we all
32:44
understand. We we really do live under this
32:46
illusion of stability. And I think that unfortunately
32:51
what we've seen the government's do has only illustrate that even
32:55
more and it's such a fragile illusion that it it's just
32:58
crumbling under its own weight. Anyways, just wanted to say that
33:02
piece. Fun fact, quickly about
33:04
Frederick the best yet. He's booked the law was written
33:07
in the same year as the Communist Manifesto and imagine
33:11
what kind of a different world would have.
33:13
Had that been the most widely read book instead of Communist
33:16
Manifesto. Another thing I want to add on
33:18
to what Phil just said this illusion of Illusion of would
33:23
you say of stability stability is stability, right?
33:26
And so what happens is things operate on a spectrum, right?
33:29
And so things have nuance and things aren't black and white
33:32
and so We've gone, we've been evolving or progressing if you
33:36
wallet a regressing from from a mostly free, you know, mostly
33:41
free market Society into a more and more captured and controlled
33:44
society. And the more that we move along
33:46
to the other side of the spectrum, the more things break
33:49
down and the more volatility will going to continue to get,
33:52
I've been calling this like the blow-off top of socialism and so
33:56
more and more. The state has gotten bigger
33:58
bigger. Bigger people have assigned more
34:00
and more to the state just take care of my health care.
34:02
Take care. Care of my education Etc and the
34:06
more that we give to the state, the bigger, it's become an
34:08
eventually like all blow-off, tops.
34:10
I mean, just look at Bitcoin back in 2017.
34:13
Any Market cycle. The.com, boom, Etc.
34:15
And you'll see as it takes that parabolic run.
34:17
It can. It sucks more people in such
34:18
more people in but at the very top gets very volatile and then
34:23
it finally blows off. And so we're past the point of
34:25
stability. Have you noticed the price of
34:28
lumber, have you noticed the price of oil, have you noticed
34:31
it, right? And so we're past The point of
34:33
stability, economic systems are unstable.
34:37
We're seeing prices go up and down wildly, we're seeing
34:39
political systems going up and down wildly.
34:41
I mean, we saw just this week in the United States, there was
34:44
mass protests and shootings. We already talked about the
34:46
ones, the rest of world. So the era the era of stability
34:49
is gone people that are were thinking, that that was the way
34:52
that things will continue that's over.
34:55
And so we're at the volatile part we're going to have the
34:57
blow-off top and there's going to be a new system and the more
35:01
people that we can kind of Usher in a new six, Mmm, the more it
35:04
will cushion that inevitable transition.
35:06
Absolutely pass it on to this fenske so chapter 2.
35:10
The incompetent individual says, the this emancipation can only
35:14
occur by enabling sovereignty of the individual independent
35:17
Independence responsibility. Economic reward economic
35:20
consequence and voluntary participation in order to claim
35:23
it and return. Local power to the individual.
35:25
The following measures may be applicable that absolute
35:28
preservation of private property rights for everyone at all time.
35:32
The abolition of all Taxation its replacement with voluntary,
35:35
free fee-for-service, the right, and responsibility to defend
35:39
oneself in the present preservation of life, liberty
35:43
and private property. How do you do number one without
35:47
a government? Write the absolute preservation
35:49
of private property rights for everyone all the time.
35:53
Yeah, I think government is an interesting thing.
35:57
I think we want to probably separate the notion of
36:03
government because there is always some form of governance
36:07
in kind of want to separate that from the modern State apparatus,
36:11
which is a mixture of large-scale government Central
36:16
bankers. And a lot of the regulatory crap
36:20
that goes on around that. So you've got this kind of big
36:22
bundle. I'm Central planners.
36:23
And, you know, there's all sorts of lizards behind the curtain,
36:26
everything else, right? Which we won't get into.
36:28
But you, I mean Frederic bastiat talks about this in the law and
36:34
it is, it is a tricky thing. It's and he says the law is
36:38
effectively the use of collective Force, for the
36:42
explicit purpose of the preservation of private
36:45
property. So long as it remains at that
36:48
line, and the law is just shouldn't cross that line.
36:52
Line and should it start to should the laws start to mandate
36:57
or dictate anything more than the protection of private
37:01
property, then it begins to no longer be the law.
37:04
It begins to be this kind of, perversion of law, which is
37:08
legislative, and ultimately actually encroaches upon private
37:13
property. So so, plus their talks about
37:16
it. Well, he's pigs, but to come
37:18
back to The government. I mean, you know, when someone
37:23
trespasses on your property and you have a gun and you shoot
37:27
them, you know, you've just protected your private property
37:33
and, you know, the government necessarily didn't necessarily
37:36
protect you. In fact, you know, they may lay
37:38
to get in the way through whatever bureaucratic apparatus
37:41
they have and hold you accountable, or protecting your
37:46
own private property. So, in many ways, the government
37:48
really doesn't Protect that butt.
37:52
You know, your original point I guess without me going into many
37:56
tangents here is that we need some sort of collective force in
38:00
order to preserve private property from trespasses or from
38:06
criminals or from that sort of stuff.
38:09
My guess is that The market could solve for that.
38:17
Like, fee-for-service as one example.
38:20
Alternatively, if we kind of Envision a future where
38:26
territory operators similar to, I always like to use the example
38:30
of I went to Fiji about me, it was about like six seven years
38:34
ago and in the south of Fiji on the big island you've got 90
38:38
which is the capital and it was the shit show like fucking crap
38:42
everywhere, you know? Called video, this go to stuff,
38:45
the north of it, was this kind of private area where all the,
38:50
you know, the high class five, star hotels, were, and lo and
38:54
behold that area. It's completely private,
38:58
manicured Lawns, beautiful, roads, security, not getting
39:03
stabbed or shot or poverty, or crap.
39:05
All over the place. And what that to me represents.
39:09
And some people might say, oh, that's an elite of dispute, but
39:11
it's not really an elitist view, it is an example.
39:13
All of the preservation of private property through
39:18
commercial means, that doesn't necessarily like where the
39:22
government operates public property.
39:24
Everything is a shitstorm and where these guys operate their
39:27
private property. It's a beautiful area where
39:30
people go and enjoy the beach and enjoy a getaway.
39:33
So one could kind of take that modality that idea and extend it
39:39
to maybe future territories where the sovereign The
39:43
territory kind of functions like a seal, or a king or something
39:47
like that. And they can provide
39:49
fee-for-service protection of private property in a
39:52
contractual arrangement with occupants and kind of moving
39:58
away from this idea of citizens and everything.
40:00
And then now, that's a much, you know, obviously, larger
40:03
conversation and there's a whole lot of things to think about
40:06
there, but the contractual relationship presupposes that
40:11
there is, you know, a fee and then A service going the other
40:14
way, right? That is something we don't have
40:17
in modern democratic public apparatus type states, where
40:23
they operate in a contractual void.
40:24
You pay taxes, you don't get to, you don't get to dictate how
40:29
much taxes you pay. They just take them.
40:31
If you don't agree with it, you go to jail and there is, they
40:34
can do whatever they want with the money, and if you don't like
40:37
it, it doesn't matter. There's like, it's a complete
40:40
contractual void and that only exists in the relationship.
40:43
Tween. Public Representatives have
40:45
governments and citizens and it does not exist in the commercial
40:49
realm where you have a private citizen with a private operator.
40:54
And yeah, I just think that we're going to move in that
40:57
direction and I think we'll be able to solve this through some
41:00
mechanism like that. And I am certainly not smart
41:04
enough to be able to predict how.
41:06
And in what way we're going to solve this over the next two,
41:08
five, ten twenty decades. But I can for damn sure.
41:12
Tell you it ain't going to look like the Abomination that we
41:16
have today and I think, you know, just really drawing that
41:20
line around what you know where the law kind of stops and you
41:28
know, that being the preservation of property rights
41:30
and nothing else I think is is an extraordinarily important
41:36
sticking point. So I don't does that kind of
41:38
answer or not really. Yeah.
41:39
So again that's the theory that in the book, The sovereign
41:42
individual he makes right is that you know in to use his
41:47
words information, technology is going to allow individuals to go
41:51
where they're treated best Katie the Russian you know, the whole
41:54
better flag theory. If a jurisdiction, treats you
41:57
badly, you go to someplace else, Bitcoin enables you to not only
42:02
vote with your wallet, also your feet.
42:04
No second part, I'm going to ask Mark this question and then I'm
42:08
going to pass it on to fill. Then we're going to wrap up.
42:10
We're going to wrap this section up says the abolition of all
42:13
Taxation and its replacement with voluntary fee-for-service
42:16
and I'm always I always get this question who's going to pay for
42:20
the roads Mark if it's voluntary.
42:23
And another thing to add to what's Fett ski said right is I
42:28
agree with you but there is no You can't deny that
42:35
collectivization, at least of the taxes, the way it works.
42:40
Is very, very efficient but works very well.
42:43
In terms of raising a very big military, right?
42:46
So if China for example, stays with that model in the u.s. kind
42:52
of doesn't regret, but it goes goes back to the state model
42:56
states have a lot more sovereignty over the federal
42:58
government. What do you say that would put
43:00
the u.s. at a disadvantage militarily.
43:04
Is a country that has so centralization more
43:09
centralization in terms of its bureaucratic model, Mark so
43:16
good. You want to hit it first, go
43:17
ahead. I was just going to rip.
43:19
I was going to really quickly say, like 300 years ago.
43:21
Yes. Now in the day, in the age of
43:24
social media and you know, like that that that kind of China
43:32
Invasion on the US. Doesn't happen and irrespective.
43:36
Whether even if America didn't even have a military, that ain't
43:39
gonna happen. And, you know, that that problem
43:42
is relatively. Well solved with, with 400
43:48
million guns. I mean, the Arabs did it with
43:51
six peasants and three guns, like I'm sure Americans can do
43:55
look for hundred million guns. So I just don't think that's a
43:59
that's a start. Like America could completely
44:01
getting rid of the military tomorrow and no one taking it.
44:04
So you're more so for stop, the foreign intervention, let's
44:08
bring it back at home. That's your argument so Mark,
44:12
yeah, so I'm going to pay for the roads bro so just hit on the
44:16
military for a second. So to to Alex point, I mean that
44:19
we saw Afghanistan, we held it down for 20 years and we had to
44:22
run and the even abandon Americans there because guys
44:24
with pickup trucks and machine guns around us out, so think
44:27
about that and then and then back to you, made the point
44:29
about, you know, defend ourselves against China.
44:30
Will the u.s. spends more than the top 10 countries.
44:34
These combined on Military and then let's just add one more
44:37
piece, we're fighting. So the saying is that General is
44:42
always prepared for the last war, right?
44:44
And so the United States military is fighting a war of a
44:49
century ago. What do I mean by that?
44:52
They're spending billions of dollars to build an aircraft
44:55
carrier that a two-million-dollar missile could
44:57
take out. That seems like the wrong way to
45:01
go, you're preparing for the wrong War.
45:02
So I think I think the military is outdated.
45:04
I think they're preparing for the old war and they don't need
45:07
to spend more than 10 countries top 10 countries combined.
45:10
So I think all that's wrong. But back to back to the roads,
45:14
which is a good example. So, I actually was talking about
45:16
this today because of the gasoline, taxes, President
45:18
Biden's threatened, the gas stations are charging too much
45:21
gas stations, make an average of about 2 cents a gallon,
45:23
sometimes they lose money to get you there to buy your Monster
45:26
Energy and your chips but they make about 2 cents a gallon if
45:29
they They're lucky. But in California and we have
45:32
the highest taxes obviously state.
45:33
But there's federal taxes you spend about 80 cents a gallon on
45:37
tax. So two cents on two cents for
45:39
profit, maybe for the gas station, 80 cents on tax.
45:43
That tax is for the roads. It's not income tax that pays
45:47
for the roads. It's that so back to what you
45:49
were reading from the book which is pay for fee service.
45:53
And so if I drive a bunch, I buy a bunch of gas, a bunch of my
45:56
fees, go to pay for the roads if I don't drive.
45:58
I don't buy. I guess I don't pay for the
46:00
roads, right? So it's kind of like a pay for
46:01
fee and then back to I think we have examples of this all around
46:05
us and so people just don't stop to think about this for a
46:07
moment. So like in California and I'm
46:10
sure and I know lots of other parts of the world, we have
46:12
something called toll roads and the toll roads are like brand
46:16
new roads that bypass like traffic and different sections.
46:19
So I can get there faster and people pay and sometimes the
46:22
roads here could be ten bucks, people will pay to skip this
46:25
whole section people. Gladly pay ten bucks to go on
46:28
that Patrol roads. We have that Apple but then I
46:30
think Alex made a point earlier, it's not about, there's a
46:33
difference of governance and governments and so I think both
46:38
of us, agree on governance is needed.
46:41
Somebody's going to need to organize things, but it should
46:43
be done with Pete by people who have skin in the game.
46:46
So, typically, like an entrepreneur model so think
46:48
about Disney World and text MSR and Callum in Florida, Disney
46:52
World. So, Disney World is its own
46:54
world and I'm no fan of Disney, but let's, for example purposes.
46:58
They're their own. World there, right?
47:00
So they have their own roads, they have their own security.
47:03
They have their own restaurants, their own, they have everything
47:05
there. It's basically a city.
47:08
And how do they pay for the roads who pave those roads?
47:12
Everybody pays the same amount of money to get in a pay for
47:15
fee. If I don't use it, I don't need
47:17
to pay for it. I don't go to Disney World, I
47:19
don't need to pay for the roads. Now they do have you know,
47:21
higher fees if you want to skip lines, Etc.
47:23
But I think you can look at that and see how that can work.
47:26
I lived in a gated neighborhood here.
47:27
We had tennis courts, swimming pools.
47:29
Beautiful streets, but I had to pay 450 bucks a month for my
47:32
Association. I sense moved out of that
47:34
neighborhood and now my streets are really crowded and narrow.
47:38
I don't have swimming pools or tennis courts anymore, but I
47:40
don't pay the 450. And so, I think we see examples
47:43
of this all around us, nobody should be forced to pay for
47:46
things. They don't use, and especially
47:49
pay for things that they object to nobody objects to the roads.
47:52
But it's a good one to throw out.
47:54
Absolutely. So I'm going to get on top of
47:56
this before because I know a lot of people are this.
47:59
Is that right wing? All right, extremists pot.
48:01
Ha I have something for you. I'm going to read you a part
48:04
from the end of the book. It says, capitalism is not a
48:07
political philosophy, nor a right or left wing ideology.
48:11
And I'm reading that from a section that says, conservatism
48:15
the right, says many people today, believe that
48:18
conservatives are Republicans or the right are somehow
48:21
representatives of capitalism. The truth is that the organic
48:25
capitalism process needs some bureaucrats to represent it.
48:29
About as much as the ocean needs you to jump in there and form
48:33
waves with your hands. The Republicans are the original
48:36
gangsters when it comes to cronyism.
48:40
There you go so you can't talk crap.
48:42
Anyways so I'll pass it on to you but we're running out of
48:45
time. Let's go straight to the fail
48:47
anyways fellows time for the fact that daily fail brought to
48:51
you by Swan. Check them out Swan Bitcoin.com
48:55
automated Bitcoin savings plans, instant purchases they've got a
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nap App coming out. The link is down below.
49:01
I know you guys are thinking, but Phil, you already went
49:04
through. This unique ORD did this like
49:06
two months ago. We did.
49:09
We did so, how how could this become a fail?
49:11
Well, it has. Let's dive into it.
49:15
April, 28 2022. We were all excited, Central
49:18
African, Republic, adopts, Bitcoin, as the official
49:20
currency. Yay, awesome!
49:21
We're so happy. You know, Market here we go.
49:27
Despite Rich reserves of gold. And diamonds.
49:30
This does matter Central. African Republic is one of the
49:32
world's poorest and least developed countries and has been
49:35
gripped by Rebel violence for years.
49:39
The president supports this bill because it will improve the
49:43
conditions of Central African citizens.
49:45
And again we're super excited as bitcoiners.
49:47
Fantastic right? They chose the freedom enabling
49:51
technology of Bitcoin censorship resistant.
49:53
Not issued by any government. Fantastic, right, this is great.
49:57
Anyways, so, So let's move on. Let's move on to this this Tweet
50:02
now from from Samson which was July 3rd, couple days ago,
50:07
coinbase backed Mara is advising the car for the people who don't
50:13
know who that is, that's the Central African Republic.
50:16
Keep the wrong company and you'll be steered in the wrong
50:19
direction. Bitcoin is the only way forward
50:22
crypto will ensure nothing really changes.
50:25
That's right, guys, it just became really pitiful.
50:29
Dive into this. Here we go.
50:32
We're coming in to advise them car.
50:35
The Central African Republic on crypto adoption, their core
50:39
things that need to be done in the country.
50:41
That's right, the shit koiner that the shit coin Trojan,
50:44
Horse. Always follows Bitcoin in.
50:46
Oh but wait, you need the shit coins for these other services
50:49
anyways as it would be in many countries in Africa.
50:52
It's to bring widespread crypto adoption.
50:56
We're recommending a national ID Drive.
50:59
I've nice, that's amazing, so that we can perform KY caml on
51:03
all folks, before they get into web 3, this this all sounds so
51:08
amazing. And you think Phil, again, you
51:10
probably got trolled, you know, on one of these fake tweets, I
51:14
thought I did. I really thought I did get
51:17
trolled on one of these tweets. Okay, now before we, before we
51:20
move on, I just want to point out to everyone that Marathon,
51:23
right? For the people who don't
51:24
remember Marathon miners was part of that wonderful group.
51:27
That was so quick to take On that ofac compliance and start
51:31
trying to censor Bitcoin transactions friends of Bitcoin
51:35
right working right along with coinbase, buddies of ours
51:38
bodies. Alright anyways but they were
51:41
forced to change their mind really quickly because the
51:43
market showed him that they don't want that plebs.
51:45
Thanks answer, right. Marty, exactly, guys.
51:48
Exactly those we dirty those transactions, which I hate to
51:51
use that word. None of that is true.
51:52
There's no such thing as clean and dirty transaction.
51:54
It's all nonsense garbage, okay? Just created to enforce kyc am.
51:59
Well. Anyways anyways let's
52:00
fast-forward to today. Well actually two days ago, July
52:04
3rd, Central African Republic, president crypto is key to
52:09
financial inclusion, guys. I don't know what the hell we
52:12
did wrong. I'm going to ask your opinions
52:14
after we're done this, let's just quickly go through this,
52:16
the alternative to cash is Bitcoin.
52:19
Not shit coins to Madeira said at the launch event for crypto
52:23
initiative Sango. Yeah, I'm saying it like that
52:27
for a reason hosted by the After it became the first African
52:31
state to make Bitcoin legal tender in April.
52:34
For us, the former eek, the formal economy is no longer an
52:38
option. The Sango project, including a
52:42
Sango coin was backed by the Central African Republic's
52:46
National Assembly and spearheaded by to Adara who said
52:51
the token would provide access to the country's mountain of
52:55
Natural Resources. Remember in that last article
52:57
the the diamonds and all the rich.
52:59
Is that they have? We're gonna monetize that shit.
53:01
Actually, we're going to financial eyes, that shit.
53:03
Okay, that's anyways, this is such nonsense like they couldn't
53:07
do this without a shit going. Alright, the country's Sango
53:10
website says that it will facilitate the tokenization of
53:14
Central African Republic's resources for worldwide
53:18
investors. That's right because you see the
53:20
shit coiners, the street cleaners.
53:22
Have absolutely nothing to bring to the table except the old
53:25
system all over again. So what they're going to do here
53:28
is To try to financial eyes these resources and they're
53:32
going to essentially hand out a token.
53:34
That's as we know centrally issued centrally controlled can
53:38
be inflated into Infinity all over again.
53:41
Under the guise of a hard money to the hard-working, I'm sure
53:46
there's a lot of hard-working people out there and poor people
53:49
as the Reuters, as the Reuters article indicated of the Central
53:53
African Republic. So guys, I guess I'm going to
53:56
start with Alex and then we'll move to mark X.
53:59
I don't understand like, what do we keep?
54:02
And I'm taking this on as, like, all of us as bitcoiners.
54:04
Like, what the hell do we keep doing wrong that these shit
54:07
coiners show up after the fact? And like, they just end up
54:11
getting their foot in the door with their nonsense?
54:14
Like what is it? I'm trying to figure out like
54:17
how do we convey this message better that like this is the
54:20
this is the scam, this is the scam that comes in after the
54:23
fact that comes into Financial eyes things.
54:26
And that essentially just super Poses the old system onto the
54:30
new one. How do we stop this?
54:33
Hmm. Why don't?
54:34
I don't know. If I don't know if we do.
54:36
Did you know? This reminds me of the glass
54:38
beads during colonial times. It's the exact same thing.
54:43
Play book. Number two, I I'm not sure how I
54:48
we counter this other than time being on our side and that all
54:54
ponds is inevitably pop, right? So it's the What they're going
55:00
to do with this in some way shape or form is that that real
55:04
wealth is going to be traded for fake wealth in the form of
55:10
whatever cryptocurrency token scam and they're going to
55:13
extract all of the natural resources and pay for it through
55:18
some pre-made should coin called Sango.
55:20
And the people who, like, what I'm imagining, now is Imagine
55:25
like, you know, these We're going in there to mine for this
55:30
stuff and they're going to be paid for their time and effort
55:33
in sango's. They're going to be giving real
55:34
resources up for fake Internet, funny money.
55:38
And it's going to be glass beads all over again, and then maybe a
55:43
decade from now. They'll realize after they're
55:46
still broke and destitute that. Whoops, maybe we should have
55:50
sold those real resources for Bitcoin and actually strengthen
55:53
our economy and strengthen our civilization.
55:55
And I guess this is the thing we have an inherent Image, we have
56:00
an inherent advantage and disadvantage simultaneously.
56:03
Become have the advantage on the long term that we win by virtue
56:08
of economic, Gravity, by virtue of the fact that Bitcoin is the
56:11
only thing that doesn't self-employed.
56:13
But in the short-term, we have a disadvantage because we can't
56:18
print it. We can't make it up out of thin
56:20
air. We can't pay people off and we
56:22
can't do all of that sort of stuff that that works in the
56:26
current Paradigm and yeah, bit. and being a being, just so
56:31
Divergent to the status quo means that, you know,
56:35
unfortunately, It's time is, the short term is against us.
56:43
The long-term is for us and so what we're just going to have to
56:46
do is deal with that and we're going to, you know, be yelling
56:50
at Clouds most of the time sometimes it's going to get
56:53
through. Sometimes it's going to get
56:55
through and that's going to be fantastic.
56:56
And, you know, I think to a large degree, you know,
56:59
Salvador, you know, think the work that like, Max and space
57:01
and everything are doing over there Kelly and stuff and like,
57:04
keeping that sort of stronghold by Bull.
57:07
I think that's going to work. And then what that's going to do
57:10
is that's going to pay dividends a decade from now is that?
57:12
So I would always going to be far more wealthy and the, you
57:16
know, the car is going to be broken destitute despite having
57:20
all the resources that Salvador doesn't and you're going to see
57:24
this massive Divergence so so it's going to pay off again in
57:26
the end. It's just that the price we have
57:29
to pay for being early to bitcoin is years and Decades of
57:33
ridicule. And basically Staying the course
57:40
and maintaining Integrity when all of The Temptations are
57:44
floating around. And and that's, you know, that's
57:47
the price. We must pay for the for
57:49
inheriting the Earth. Yeah, I definitely agree.
57:54
Mark. What are your thoughts or we
57:57
are? We messing up with the education
57:59
is, is that it? Well I think there's a couple
58:02
things. So one, those guys will do
58:04
really good if they can trade out at the exact moment before.
58:07
Dump happens. Maybe, maybe they'll get lucky
58:09
with that timing, but I think, you know, the same thing
58:12
happened in El Salvador, right? I mean Alex and I were down
58:14
there last summer and all the, you know, all these all coin
58:17
people are showing up there. Setting up office directly
58:19
across the street from Bitcoin Beach and they're all coming in.
58:22
They're trying to do this and so it's happened in the car.
58:24
It happened in El Salvador. It happens everywhere.
58:26
I think a couple things I think about it.
58:28
So one, I think to Alex's point where early we have to stay the
58:31
course some of us could just not care.
58:33
So back to satoshi's quote, I said the beginning, which is,
58:35
you know, if you don't get it, I don't have time for Or you for
58:37
that, right, time to convince your whatever.
58:39
But I think, you know, we do the best that we can.
58:40
We try to educate people. We try to put out what the
58:43
difference is, our of those things, and it's for people to
58:46
take it or not. And you know, throughout
58:49
history, lots of things have been money seashells, feathers
58:51
rocks, Etc, and throughout history, people have decided to
58:54
store their wealth and things that were inferior to other
58:56
things and those people lost their wealth.
58:58
And this kind of goes back to this Dynamic equality where
59:01
people go up and down, based off the decisions that they have the
59:03
long-term thinking, like Alex was talking about before they
59:05
have that long-term thing. And then they'll do better if
59:08
they long-term thinking means one you know in investing the
59:13
time to figure it out for themselves like there's got to
59:17
be some difference here. I I saw this comment over the
59:20
weekend and it was somebody pulling up this old argument of
59:22
you know Bitcoin is my space and it's going to go away or
59:25
whatever, right? Yes.
59:26
And it was a different thread but jacquimo pulled out a thread
59:31
of the key differences of the Byzantine generals problem and
59:34
how to solve than it was a little bit more, technical a
59:36
little bit over. My head.
59:37
But the point was that I took from it seeing these two
59:40
different things on different threads is like, these people
59:42
are so quick to jump to the calling us old technology
59:45
without even having the even the slightest idea of how it even
59:49
works. And I'm not the most technical
59:51
guy, but as I start to figure this out, I realize like, oh
59:54
man, this is not old technology. This this solve the problem.
59:57
And so you know, those people if they don't want to put the time
1:00:00
in, they're going to miss out on it throughout history.
1:00:02
It's the story that repeats and they're going to lose their
1:00:04
money to people who are willing to wait and we'll do the best
1:00:06
that we can to continue. To educate continue to highlight
1:00:08
back to kind of the original part.
1:00:09
I'm choosing not to be extremely toxic.
1:00:12
I want to be helpful and I want to illustrate this path and
1:00:14
hopefully people find it and if they don't then I don't have
1:00:16
time for it. Very well said, very well.
1:00:19
Said Nico any any thoughts on this?
1:00:23
I we reported on this a month ago.
1:00:24
We were all happy, man. Yeah, real quick.
1:00:27
Okay. It's not a guess that a month
1:00:30
before or an April, when this came out Bitcoin, legal tender
1:00:34
law, and then a month after coinbase, put our hands on it
1:00:37
there. Oh, we're coming out with the
1:00:39
shit coin and that's because coin basis business model relies
1:00:42
on shit coins, right? Going basis and enemy of
1:00:45
Bitcoin. That's literally the way I see
1:00:47
it. This is an example of that.
1:00:49
And one last thing, if you want to know why Central African
1:00:54
Republic is not a wealthy country even though they have
1:00:57
gold and diamonds. There you go.
1:00:59
That that that shit coin. Then coming out with a shit coin
1:01:03
is literally why if they stuck to the harder.
1:01:07
The more difficult way, the ethical way, which is Bitcoin,
1:01:10
it would have been a totally different story.
1:01:12
So hopefully I agree with fatzke maybe in a decade.
1:01:14
They'll learn the lesson, but we shall see.
1:01:16
But anyways, Phil, it's time for the daily meme review, brought
1:01:20
to you by still 21. It's the best Bitcoin cultural
1:01:22
zeenat stories articles Comics by actual bitcoiners is artwork
1:01:26
for volumes at. This is artwork for volume 11,
1:01:28
and this is artwork for volume to volume is almost sold out
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because there's only a thousand physical copies made per volume.
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Get your prints of Citadel 21 today before they run out.
1:01:37
Right everybody. Welcome to the Daily Bitcoin
1:01:39
meme review means not only play an essential role in Bitcoin
1:01:42
culture but also in this narrative trench warfare that
1:01:45
were fighting hand-to-hand on the battleground of the internet
1:01:48
against governments and central banks.
1:01:50
Anyways, check out this first meme by CDC, 99 nominated 2022.
1:01:57
Bitcoin me my rewards. I don't know if that's real
1:02:00
Bitcoin, the lightning Network and of course, our friend a
1:02:03
Gustin, Carson, if you don't know where inflation goes, here
1:02:06
it It is. All right moving on to the next
1:02:08
one. Buy Bitcoin meme Hub.
1:02:11
Looking forward to the be going conference when he's funny
1:02:14
people McCoy conference 3233. That is absolutely hilarious.
1:02:19
Shout out to you brother. All right this one by fellow
1:02:21
pleb LC Rich. Scammers bitching since wishing
1:02:25
they were am agreeing. Toxicity is a problem.
1:02:27
Oh mark this one's for you. Toxicity is a problem.
1:02:30
It needs to stop High Society clouds mad, cause average person
1:02:34
can tell them to go fuck themselves and they can't That's
1:02:37
from this country club. Mark, what is your response to
1:02:40
this meme? I mean, I like it, it's funny.
1:02:44
I think you know, I think it goes back to what is the
1:02:46
definition of what you would consider sizing.
1:02:49
So I think I think it goes back to that which is why Alex and I
1:02:51
spent a lot of time in the book to put all the definitions and
1:02:53
there. So we were talking from the
1:02:54
Level Playing Field. So what is what is toxicity mean
1:02:57
to you? I think there's wrong and right
1:02:59
ways to use it and anyway that makes me laugh.
1:03:03
I like it touche touche. We're actually I put mark on the
1:03:06
spot because it makes good TV. But we actually talked about
1:03:08
this before the show and it really, I think.
1:03:12
It's absolutely right. How do you define toxicity?
1:03:15
Because the way that I see Bitcoin, toxicity is exposing
1:03:18
frauds, but a character attacking somebody or just being
1:03:21
a bully. I think that's just toxicity.
1:03:24
I think Bitcoin toxicity and toxicity or two totally
1:03:27
different things. So I agree with Mark.
1:03:29
Anyways, moving on to the next one.
1:03:31
Bye, Kela. Filled god, dammit, OK, kill
1:03:34
some killjoy. I don't pick these, I've get
1:03:37
surprised, I just pull them up. I'm like, okay.
1:03:39
All right, all right, so mr. Gus.
1:03:42
A station tear down these products.
1:03:43
Surfaces Wendy's. Oh my God, that's so good.
1:03:48
Next one by my parents. And oh, by the way, the for
1:03:51
audio listeners on Twitter spaces that is Joe Biden in the
1:03:55
the drive-through. Alright.
1:03:56
Anyways, next one. Bye brains.
1:03:58
My parents in their 20s. Let's buy a house and have two
1:04:01
kids, me and my 20s. I need more a 6.
1:04:04
All right, I like that. I like that.
1:04:05
Alright, last but not least the moon, it's like a piece of art.
1:04:08
Okay. The moon you're holding the sun
1:04:10
and the Sun is Bitcoin. All the Around it.
1:04:13
All right. Very, very good memes for that.
1:04:15
I'm going to give it done Communist.
1:04:17
Manifesto by Alex pesky Mark, Boss.
1:04:19
That's my score. Phil, what would you give those
1:04:21
memes? I know that we ran out of time,
1:04:24
but we, you know, we should have a little bit more appreciation
1:04:27
for that. Rope, IAM tweets, you know, with
1:04:29
the sun and everything in between anyway, I'm just saying
1:04:31
it's a great. Okay, anyways, I'm giving it
1:04:33
this 5 inch HDMI display. That's right.
1:04:38
Portable display, very cool stuff.
1:04:40
Nerd stuff. Yay, mark Mark, what would you
1:04:42
give those memes? I'm gonna give it.
1:04:45
My don't tread on me mug because if we're talking about toxicity,
1:04:50
this is the ultimate like the way that I like to think about
1:04:53
toxicity like I'm not gonna go attack you but if you try to
1:04:55
step on me, watch out exact B and and you'll die, absolutely
1:04:59
Live and Let Live Smets key. What would you give those memes?
1:05:02
God damn it. I've never given this in the
1:05:03
past but since mock gave his thing and I can see this good.
1:05:08
I'm gonna give you some shit quantitative.
1:05:12
There it is ice. Okay, it's not working.
1:05:17
Second one or two is. Okay, there we go.
1:05:19
Awesome! Awesome scores for some awesome.
1:05:21
Even guys, we want to know if you agree with their scores, you
1:05:23
disagree, let us know down in the comment section.
1:05:25
Subscribe to us on alternative video pops arms.
1:05:27
After you've seen this episode for obvious reasons, like
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1:05:33
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1:05:42
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1:05:46
Anyways, Phil was an open source software release today.
1:05:48
Morning to everybody about it software releases, brought to
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you by Cipher safe. Check them out.
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Cipher safe dot IO. I'm pretty sure everybody on the
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panel here is storing their seed in steel that was not easy to
1:06:00
say. But anyways, store your seed in
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the Cipher wheel or the all new Cipher grid, they both come with
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a tamper-resistant wire in the grid comes with a punch tool.
1:06:10
All right? We've got Mercury.
1:06:12
Wallet. Just dropped an update 0.75.
1:06:16
That was released its Down Below in the show notes guys, we are
1:06:21
going to give some shout outs to the people that are streaming us
1:06:25
at. We've got Katie, we've got a sir
1:06:29
Ragnar, and I just wanted to give a special shout-out to one
1:06:35
of the comments that we got here.
1:06:36
This was awesome, guys, your show is so valuable.
1:06:40
You're the reason why I became a Bitcoin.
1:06:42
See and didn't get rekt, stay humble stack SATs, that was from
1:06:46
skate. Anyways, thank you very much.
1:06:50
So you guys don't forget to check us out on our Audio.
1:06:54
Only platforms Apple podcasts Spotify and anchor.
1:06:58
If you want to stream us SATs, check us out on Fountain.
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Dot f m--! You could stream assets through
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Breeze. Awesome.
1:07:03
Thank you Phil. All right guys, real quick
1:07:05
before we go. Subscribe to Simply Bitcoin.
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He's dropped some killer posts. Shoot Super awesome.
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Give them a follow on Twitter, go suspense key.
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Check out his podcast, the wake up pod, and definitely go check
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out Mark Moss, has one of my favorite YouTube.
1:07:42
Annals you want to make sense of the world definitely go check
1:07:45
out Mark Moss is YouTube and of course, definitely go check out
1:07:49
the uncommon as Manifesto. We will put the website down
1:07:53
below. Definitely want to take,
1:07:55
definitely want to get yourself a copy of this book, guys.
1:07:57
That was our show. If you enjoyed the show notes to
1:07:59
do school course, you want to continue here in the Bitcoin,
1:08:02
use from the Polly Platt perspective, the catastrophic
1:08:04
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subscribing to Simply Bitcoin smart.
1:08:10
Guys, we are going to quote, O-tar.
1:08:12
Awesome guests. The reason for treason is the
1:08:16
season and shit coins are just glass beads.
1:08:19
Number two,