Latest / Simply Bitcoin / Surfer Jim | Surfing The Waves of Bitcoin | Simply Bitcoin TTO
Transcript
- 0:01Yo, what's up, everyone? How you doing?
- 0:06We're back for another tto. I am pretty sure I fix the audio
- 0:11for you guys. This time, I'm excited for this
- 0:14one. This is actually a personal
- 0:16friend of mine. Me and Jim go way back and this
- 0:20is kind of back to this whole this whole idea.
- 0:23I've been telling you guys consistently of we're out here
- 0:26as big Corners trying to win, the hearts and minds of people.
- 0:29And I think the best way to do this is, by relating stories
- 0:34about how Bitcoin has changed your life about Bitcoin giving
- 0:37you a new life about the opportunities at that big.
- 0:40Coin has offered you and does offer you all by the simple
- 0:45transformation of stacking SATs. So without further Ado, let me
- 0:50just bring in my buddy Jim. We already kind of having a good
- 0:53conversation behind the scenes. So without further Ado gym, so
- 0:58honored for you to be here, just say what's up to the people and
- 1:02then we'll get into some of the topics that I have already.
- 1:04Well dude, I'm honored that you have me on.
- 1:06I mean, I'm just a regular guy as you know, we, we go back.
- 1:10Three or four years, at least at this point and a little side
- 1:13note, for those who would care often office tonight, shared an
- 1:18apartment last year in Miami, on an estate.
- 1:21That with another apartment and another big house in six.
- 1:24Other Bitcoin isn't a built-in pool and I thought it was pretty
- 1:27damn cool. So this is awesome.
- 1:30Yeah, Bitcoin will change your life folks and I guess we're
- 1:33here to talk about that. So, you know.
- 1:35Yeah, that me on them. No worries.
- 1:37No reason that Jim wanted to do a PSA before we Got into this
- 1:41that Jim is a boomer so forgive him, you know, where
- 1:45Millennials, where Zoomers out here, but I still think,
- 1:49nonetheless, that Bitcoin will not only change us, young
- 1:53people's lives, it will change your parents live.
- 1:56So share this one with your parents out there, share this
- 1:58one with the the with the older crowd because I am almost
- 2:01positive. We're going to be giving you
- 2:03guys get some good stories in regards to, to why we Bitcoin
- 2:07and how Bitcoin changes your life.
- 2:09So, first and foremost, You kind of mentioned it already we have
- 2:12been to a few Bitcoin conferences together last year
- 2:15we were in Miami we room together.
- 2:17It was an awesome time with a bunch of also awesome.
- 2:20Bitcoiners some of them actually hang out in the chat.
- 2:23Every once in awhile, shouts out to bake but I really want to go
- 2:26back way back way, way way back to when I first went to my very
- 2:31first conference and that was bit block, boom 2020.
- 2:34And it's very interesting considering now that I'm on,
- 2:38simply Bitcoin it A full circle moment here.
- 2:42I remember we were sitting in Bitcoin kindergarten on Discord.
- 2:46After a show it was late night. We were we were all just sitting
- 2:50there shooting the shit and you just you kind of went on the
- 2:54like a like the bit block, boom shil on us and you just you
- 3:00where you're so excited to go to the conference and and you were
- 3:03just trying to not only convince us but also show us why we
- 3:06should go. And it happened that me and Nico
- 3:09are sitting in the Discord. We had never met before.
- 3:12In real life, we've been sitting on on Discord for, I don't know.
- 3:15Like at least six months to a year, we've all been hanging out
- 3:19at the same time, you know, we considered each other friends
- 3:22and you just kept telling us like you do you guys want to go
- 3:25to this conference? I'm telling you.
- 3:26This is where you want to be. These are out these the you're
- 3:29going to be around the people. You want to be around and Nico
- 3:33is like, yo, Opti, like if you buy a ticket to fly out to
- 3:38Dallas to build block, boom, I will get the hotel room and you
- 3:43can stay with me. And at the time I was like, I
- 3:45don't know, man. Like I don't know if I really
- 3:47want to go and then Jim you kind of just like gave us to spiel of
- 3:50like this is where you want to be.
- 3:52And then what now it's a 23 years later I'm working with
- 3:56Nico and it just, it just blows my mind that literally going to
- 3:59a conference hanging out with your friend, has 100% change my
- 4:03life. So I I think maybe let's let's
- 4:06start with what you told us that night.
- 4:09Why should people go to conferences?
- 4:11What's the value of this stuff? Why why do you want to be around
- 4:14bitcoiners so much? Well you end up meeting your
- 4:17extended family that you haven't met yet.
- 4:19That's out there in the world. And and I say that because what
- 4:23I've found is that the people that gravitate towards Bitcoin
- 4:26that are willing to spend some money to go to one of these
- 4:28conferences are the people that are very passionate about it.
- 4:31They understand what it is, what it could mean and Come to that
- 4:34because they have a certain ideal ideology about life in
- 4:38general and about the world. And so what I find is a fairly
- 4:42homogeneous crowd of people like-minded.
- 4:44People obviously not on everything and there's some
- 4:48people that really spar with each other in the Bitcoin space,
- 4:51even though there, they both might be Bitcoin maximalist.
- 4:54Say, you know, certain people still like each other.
- 4:57But the point is, it's kind of amazing.
- 5:00And I said this to you guys, I know you not going to understand
- 5:03until you go. Oh and that's all I can say.
- 5:06Is it, anybody who goes comes away in this exact same thing?
- 5:09Holy crap, that was so worth it. The and, and this particular
- 5:14conference bit block, boom. If you go this year, I think I
- 5:18have a referral code Surfer. Jim, you get 10% off.
- 5:21If you get a ticket, a pretty sure I'm in the system somewhere
- 5:25but it's a great conference, right?
- 5:26It's small relatively small compared to certainly committed
- 5:29the one in Miami who are at last year and you get a lot of time
- 5:33hanging out with Anybody. I mean everybody's accessible
- 5:36all the speakers as famous as they might be online or on
- 5:40Twitter or anywhere else, they're very accessible either
- 5:43at dinners After parties, walking in the hallways, after
- 5:47their talks, that just very accessible and you become front
- 5:50little legitimate friends with these people.
- 5:52I mean, I know a lot of very well known people in the space
- 5:55who I actually considered a pretty good friends.
- 5:57I have some of their personal phone numbers now, because we
- 5:59really do resonate, you know, you become friends, little
- 6:02friends hanging out, I was As I mentioned this on one of the
- 6:05spaces the other day, Neil Jacobs was in there and we had
- 6:08known each other for a while but this Pacific pickled conference
- 6:11a month ago, I can remember myself.
- 6:15This other guy, Jimmy friend of mine that lives in Baja and
- 6:19another growing Isabel, we found ourselves at the same place, at
- 6:22the same time, all wanting to get dinner.
- 6:25We then ended up spending like three hours together.
- 6:28None of us plan that but we all knew each other and we're all
- 6:31friends. But it was just like a really
- 6:33cool Just hanging out with three of your friends evening and then
- 6:37we went somewhere else met up, like, eight other people hung
- 6:40out, you know what I mean, like. And so it's just such a social
- 6:42thing and then, you know, we're trying to build around a really
- 6:47important Discovery called Bitcoin the idea, the whole
- 6:51world should know about this because it levels the playing
- 6:55field. I'll cut right to the chase
- 6:56Bitcoin is super important because it allows everybody
- 6:59Financial sovereignty and that takes a lot of power away from
- 7:03people, right. Now the control money and then
- 7:05they're there for control people's lives and start wars
- 7:08and all kinds of stuff. So there's a whole passion
- 7:10behind why we care about the coin and brings us together
- 7:13brings life on like-minded people together and then true
- 7:16worldwide friendships. Develop, I'm kind of Blown Away.
- 7:19I live my whole life on Long Island, New York.
- 7:22You know you end up with several hundred friends in your life
- 7:25maybe over a lifetime you know that all live nearby and I
- 7:30doubled or tripled the amount of friends and we maybe they're not
- 7:32all close friends obviously there.
- 7:34Acquaintances people, I know but I've met but they're all over
- 7:37the world. Now I know people all over the
- 7:39world who have offered me like a couch or an extra bedroom to
- 7:42sleep in. If I come visit, I think this is
- 7:44amazing. Like how that happened?
- 7:47We just spoke like Bitcoin, we met somewhere, we hit it off, we
- 7:50have a common interest, whatever it might be, and it just has
- 7:53blown my mind. I mean, every week I meet new
- 7:55people every every time I go to a meet-up or conference, I
- 7:58always meet new people. It's crazy.
- 8:01So yeah, I mean, that's a long drawn-out way to say, it's go to
- 8:03conferences. Meet you.
- 8:04Extended worldwide Bitcoin family because they're out there
- 8:07and you got to love someone. So I'm going to be a best
- 8:09friends realize like I help you. Yeah, I met him at a conference.
- 8:13We've been friends for the last 20 years.
- 8:15It's going to happen. It's going to happen man.
- 8:17And if that a doubt without a doubt, no I mean I this is what
- 8:22I thought it had last year. So not only am I always
- 8:27constantly around bitcoiners but it's like you said, it really
- 8:30blows my mind that I have a worldwide Network.
- 8:34Work of people that I know, not only get me but also view the
- 8:39world in the same way. And I understand that if I ever
- 8:42really was in their area or something, you know, I was, I
- 8:46was in the neighborhood. I could probably either tweet
- 8:49something out or DM someone, and I'm pretty sure everywhere
- 8:52around the world. I know people and just, like you
- 8:55said, you know, you you're said, you're from Long Island.
- 8:58I never really left my hometown until recently and I always
- 9:02considered myself, just living in a Bubble.
- 9:04And now, that bubble is literally the whole globe and
- 9:08that's because as yeah. And that's because as my friend,
- 9:11wanna kiss, you know why it gives he always said, it's like,
- 9:14have you have you guys ever taken a moment to just like
- 9:18realize that we're all friends? And we all know each other just
- 9:21because we like to save money like and we laugh about every
- 9:23single time it's like we just like the same money and now we
- 9:26have a global. Let's expand on that though.
- 9:29It's way more than the same money is money represents you
- 9:33know that of course It's funny the way he puts it in wine
- 9:36because every guy and I gotta give him props.
- 9:39I mean, the guy's been traveling for months, if not years, he and
- 9:43go back to something. You said you can go anywhere in
- 9:46the world today, almost anywhere in the world today and just
- 9:48announced online, you're a Bitcoin or in this town and some
- 9:51other Bitcoin are as close as possible to that count as going
- 9:54to reach out and offer you. Like come over for dinner like
- 9:56it's incredibly you don't have to have ever known them that
- 10:00connection but again it's Way Beyond just money obviously
- 10:04Coin. Well, I think of the coin is
- 10:06much more than just money, but it functions as a worldwide
- 10:09digital money, that nobody controls that concept affects
- 10:17Society. Affects economics, affects
- 10:19individuals in unique ways and certainly, as I mentioned
- 10:24earlier, the idea that you can have a type of financial
- 10:27sovereignty that you were never afforded before because of the
- 10:30way, monetary systems of work, for thousands of years, It
- 10:34changes the game changes lives. It changes the world
- 10:37essentially. And so the connection to these
- 10:40other people around the world is way more than this money.
- 10:43That, you know, some of us who have saw it early.
- 10:47You know, people way before me, especially who were able to
- 10:50accumulate a bunch of these Bitcoin are going to be fairly
- 10:52wealthy someday in terms of their spending power, having
- 10:55held on to it because of what it's likely to what it's likely
- 10:58to do that. You know, the individual units
- 11:00are likely to have more purchasing power in the future.
- 11:02So that if you have some now and you Hold it out into the future.
- 11:05It's probably going to be a very good way to save your value.
- 11:10You know, these are these are economic Concepts.
- 11:12These are the kind of things that the average person doesn't
- 11:14think of regarding their money. Most people don't know how money
- 11:17even works, where it comes from or anything.
- 11:19You know, as Bitcoin has, you know, you you end up with this
- 11:22is one of these things that happens, you go down the Bitcoin
- 11:24Rabbit Hole, as we say, and you start learning about things, you
- 11:27never thought you would even care about like, how does money
- 11:30work? Where does it come from all
- 11:31these things? And why is Bitcoin such a good
- 11:33money? And As an older guy, I spent my
- 11:36life in the Fiat system. You know, took in the normal TV
- 11:40news, watched things like the internet come from nowhere to
- 11:44what it is today. And so, I have this very, you
- 11:47know, long, many years worth of vision of what's happened on
- 11:51this planet at least in my lifetime and of course, whatever
- 11:54history. I learned before that, and it
- 11:57wasn't until Bitcoin came along that I actually could see parts
- 12:01of the world that were hidden to me because the the edge
- 12:04Occasionally around money and the way it works and who
- 12:06controls it and where it comes from was not easy to find.
- 12:10It certainly wasn't talked to me in school and the people who
- 12:13have that information or at least could or at least control
- 12:16the money, you know, the information is out there but the
- 12:18people control the money don't want you to know how it works,
- 12:21really. It's like The Wizard of Oz and
- 12:22the man behind the curtain and you know it wasn't until I 50s.
- 12:26Unfortunately that I learned about Bitcoin and I learned
- 12:29about so many other things and all of a sudden I see the world.
- 12:33So Differently. But I also see my own future
- 12:36differently and I'm actually a lot more optimistic even though
- 12:38the world's going to shit. I hope I can say that.
- 12:42Yeah, yeah. Not like you know like things
- 12:43have been looking up for the last couple years for a lot of
- 12:47reasons, as we all know but I personally am optimistic because
- 12:51of what I see Bitcoin doing for me personally since I have some
- 12:55but also what I think it's going to do for the world in you know,
- 12:59as a monetary system that can benefit everybody.
- 13:02I just think a lot of things are going to Prove for a lot of
- 13:05people and I think that's a cool thing and I'm happy to be around
- 13:08to maybe see a bunch of it happen.
- 13:10A guy like yourself who's a bunch younger, you're going to
- 13:12see a lot more changes by the time you get to my age or older.
- 13:17Yeah, it's crazy. I've got, I probably got two
- 13:19lives like to your lifetimes. Maybe.
- 13:21I don't know your exact age, but I think I'm probably twice as
- 13:23old as you did. You got, you got a lot to look
- 13:26forward to. Yeah, actually that's a perfect
- 13:30segue, but Jim, your your camera is lagging a little bit.
- 13:34Would you mind pressing V and and might turn off and maybe
- 13:37your audio will work a little better.
- 13:38So okay, I don't need the way I guess.
- 13:43It doesn't matter. Let's just go press it again.
- 13:45We'll just see. I think I'm still getting some
- 13:46popping polish. You guys retired folks this
- 13:48year? I don't.
- 13:50Yeah, I don't know if it's I don't know if it's cutting
- 13:52through the stream or if it's just on my end, but hit me in
- 13:55the chat. Let me know.
- 13:56This one at least is listenable but you said something and I
- 14:01literally have this in my notes and And I felt the same exact
- 14:06thing in my life. Even though I am half your age
- 14:10and you said it, you said it perfectly.
- 14:11And this is literally how I have it in my notes.
- 14:13And I knew that this would be a great talking point, and it's
- 14:16the second life with Bitcoin, there's something about like I
- 14:20again I hate to get like religious on here guys.
- 14:22But like there's like, you know, before Bitcoin and then after
- 14:26Bitcoin and it really does feel like you're given a second life.
- 14:31Once you go down the Bitcoin Rabbit Hole once We understand
- 14:34why you hot oil. It not only gives you, you know,
- 14:38the savings and the opportunity to invest in Risk in yourself.
- 14:43Something that you've always wanted to do, but it also, like,
- 14:45you said it reboots your brain, and I don't know.
- 14:49You look, you look at the world completely differently, it.
- 14:52I really don't know how to explain it more than that.
- 14:55Like, you have to hot oil to understand what I'm saying, but
- 14:59you got to understand why you hot oil and understand Bitcoin
- 15:02to even get over that. That hump and it's like this is
- 15:06why I do this show and this is why I wanted to do this series
- 15:10and and this is what I always talk about.
- 15:11Because like there's a real I don't know.
- 15:14Psychological or DNA changing aspect of Bitcoin.
- 15:19That is really hard to explain in.
- 15:20This is why the cultural aspect is so interesting to me because
- 15:24I say it all the time if it can change my life that I know it
- 15:27can change. Everyone else's life out there
- 15:29is just like you just got to be true to the hottel.
- 15:31You gotta, you know, sacrifice and be consistent and
- 15:33persistent. Then and everything else will
- 15:35fall into place. It's like we have the, the joke
- 15:38of like sell your chairs, you know, like sell everything that
- 15:41is frivolous in your life, audit yourself, get to the Bare Bones
- 15:45and you're going to completely live a whole other life and I've
- 15:47noticed this in yourself as well.
- 15:49Like you are literally on your second life of Bitcoin.
- 15:53And I mean I'm younger than you and I still feel the same way
- 15:56like before Bitcoin before joining, simply Bitcoin is like
- 15:59a totally different life. Like this is surreal for me now
- 16:01and we were kind of joking about this in the beginning.
- 16:03It's like, Like what about the complain about?
- 16:05Like I live in Bitcoin are working Bitcoin now like my life
- 16:08is Bitcoin. I'm like I said every morning
- 16:10I'm just blessed to be here. I'm honored and humbled that
- 16:13this is where I'm at and I'm just I'm really excited for what
- 16:16the future holds and then also these effects on the rest of
- 16:19society and I Bitcoin really is that bright orange future it.
- 16:24Like again, you have to ha do an experience this for yourself.
- 16:28I like I can't really tell you about it.
- 16:30I can tell you and tried to relate our experiences as we You
- 16:34know, win the hearts and minds of the of the average person out
- 16:37there with our personal stories are life changing stories, but
- 16:41it really feels like Bitcoin gives you a second life and
- 16:45it's, it's absolutely amazing. So, I learned about something
- 16:49called time preference, right? So I now have a lower time
- 16:51preference, I believe, I'm going to live a good amount of
- 16:55additional years and I really care to plan for those years to
- 17:00and to live comfortably and well, and when you consider
- 17:04Bidder, how you can use Bitcoin to help make that work out for
- 17:07your own future. It gives you the hope that it
- 17:10can work out because Bitcoin is a way to save value out into the
- 17:13future where it can't be debased.
- 17:16Now, you know, people will argue all day long.
- 17:18The value of Bitcoin goes up and down with time.
- 17:20Yeah, on its way up. Okay.
- 17:23When you consider what it was worth, you know, 14 years ago.
- 17:26Nothing and now it's what? Let's see.
- 17:28Look at the chart 21300 for a single Bitcoin, that's pretty
- 17:32good. If you'd been holding on
- 17:34Fourteen years, that's not that long.
- 17:35Several million percent return, you know, I'm a couple Penny
- 17:39investment I guess, right? It's pretty insane to think
- 17:41about but what people don't know why the average person is
- 17:46certainly a lot of people, my age don't get it is because they
- 17:48don't really understand what it is.
- 17:50You know, you say it's a money, you say it's a digital money,
- 17:53you see? It's a decentralized, you know,
- 17:55essentially what does that really mean decentralize?
- 17:57The average person can't really wrap their head around that and
- 18:01and so it requires a little bit of Education.
- 18:04And say that facetiously because you know, if you really want to
- 18:06get Bitcoin, a kind of requires a lot of Education, I hate to
- 18:09say it. I don't want to make it hard on
- 18:12people, but the reality is when you really, really want to get
- 18:15Bitcoin, 10 hours will get you pretty far.
- 18:18But 100 will really make a difference.
- 18:20You'll get a lot. If you put in 100 hours of
- 18:23podcasts and a book or two, it'll really come clear.
- 18:27Why this matter so much, but that you'll learn a lot of
- 18:29stuff. It'll cover a lot of different
- 18:31disciplines, you know, like General.
- 18:34Extend specifically, monetary economics and then of course,
- 18:37monetary history, and then distributed networks and
- 18:43cryptography, you know, you'll learn about something called
- 18:45hashing whole crazy concept. I never knew existed until I
- 18:49heard about Bitcoin, what? I totally know what it is.
- 18:51Now I can actually explain what it is.
- 18:53So like it's very interesting just really quickly, I'll say
- 18:56that as a kid growing up. I tell the story a lot.
- 18:59So when I was growing up, I like to take things apart to see how
- 19:02they worked. I had this Natural Curiosity and
- 19:04It's been my life like I ended up being a builder of Custom
- 19:07Homes because I like to know how things work and I learned how to
- 19:09build houses and so I just it's fun.
- 19:11It's like putting together a model only, it's really big and
- 19:15I used to do that as a kid. I used to put together plastic
- 19:17models and all that kind of stuff was really interesting to
- 19:19me. So when I learned about Bitcoin
- 19:20I had to like learn about how it worked inside but it's a digital
- 19:24thing online. So the learning process was a
- 19:27little different than it was no real Hands-On, like taking
- 19:30something apart. But you know metaphorically.
- 19:34Still take it apart. You can learn about the
- 19:35different parts of Bitcoin and why those of us who understand
- 19:41the network and trust it recognized that the qualities
- 19:44that are are said the pick the Bitcoin network is said to have
- 19:48are actually there you know what makes up the various important
- 19:52qualities of Bitcoin. It takes a little while to
- 19:54understand it but that's what I did.
- 19:56I had to do that work. So for me, I dug deep into the
- 19:59technical aspect of it and I learned some stuff that I never
- 20:02thought I'd ever care to learn but in do, Doing.
- 20:04So this like you know, Tiffany happened where I saw how
- 20:07important Bitcoin is how it's not likely to ever be stopped by
- 20:11any person or government. Especially now every year that
- 20:14it keeps going it gets more resilient to Breaking or being
- 20:18attacked or anything else. So and you know this takes a
- 20:20while to learn why that's the facts, right?
- 20:23There's this reasons why that's a basically a true statement.
- 20:26No guarantees about the future on anything in this life
- 20:29obviously. But Bitcoin has resisted a lot
- 20:32in its growth. And, and A high likelihood.
- 20:34It's going to be here for many, many years decades, hundreds of
- 20:38years, potentially thousands. And in, in over that period of
- 20:41time. Each individual unit of the coin
- 20:43will grow in its ability to purchase goods and services.
- 20:46So the more those units you own and get them.
- 20:49Now, while they're cheap in the future, you'll probably be able
- 20:52to buy much more than the money you gave up to get them now.
- 20:56You know it's a simple concept but it takes a lot to believe
- 20:59that that could happen and that requires learning what Bitcoin
- 21:03is and how it works. It's a little bit and to
- 21:05whatever extent you as a technical or non technical
- 21:08person. Needs to know.
- 21:09All that information is out there and, you know, go down
- 21:11that road and unlearn it. You know, I don't know what else
- 21:14to say. I'd be happy to start explaining
- 21:16now. That's not necessarily pointed
- 21:17at, you know? And just trying to get like that
- 21:20overview perspective. Like I had to go through this
- 21:22and I'm just, to be honest anybody's looking, I just turned
- 21:2562 and so, you know, like, but I look at my life like, all right,
- 21:29it's 2/3 over. Maybe even less I can go to 100.
- 21:33I can go more than I got healthier because a Bitcoin.
- 21:35I, if you want to go down that road, I'll tell that story.
- 21:38But I literally no way in hell that they will get that, right?
- 21:40So I we more optimistic about my future.
- 21:42I think I'm gonna live way longer than I maybe ever
- 21:44thought, right. So, like a lot of shit.
- 21:46There's a lot going on here. All right, I'll let you go back
- 21:49to asking me question. No, no II love it.
- 21:51This is, I think this is what people need to hear and also I'm
- 21:55the same way I had to and I'm this is actually a question that
- 21:59that I've been thinking about. I'm going to ask you and I think
- 22:03we're kind of on the same page. Page and I'm going to be
- 22:05surprised if you say something that is surprising in this
- 22:08regard, but I'm the same way I had to break things down.
- 22:12I had to listen to like, you know, 40 hours of podcast a week
- 22:16for I don't know months just so I could grok pick one just
- 22:20because that's that's how I am as well.
- 22:22Like I wanted to understand Bitcoin as much as humanly
- 22:26possible or at her better yet as much as I could at the moment.
- 22:29I obviously I couldn't understand half the stuff.
- 22:32I was listening to in the beginning and then the More.
- 22:34I learned the more I can iterate on this message, but I kind of
- 22:38understand how I'm starting to realize that like, that is the,
- 22:42the learning curve. That is the hurdle.
- 22:44And I really do believe that like, Bitcoin is fundamentally
- 22:47pretty easy by. You just need to hold Bitcoin.
- 22:50So I'm very much the same way as you like, I'm a Hands-On type of
- 22:53person. I, you know, I, I can read a
- 22:55book and I have to read like three or four times before
- 22:59before like the information really settles in, but I, I'm,
- 23:03I'm Starting to wonder, like do you think that people can
- 23:07understand Bitcoin simply by just holding Bitcoin by like not
- 23:11selling it by simply just experiencing Bitcoin without
- 23:14having to do the whole 40 hours? You know, hundred hours?
- 23:18Thousands of hours of education. Do you think that front?
- 23:22Just I'm trying to get in the mind of the average person out
- 23:24there? And you know, like the person in
- 23:27the rat race, probably doesn't have the time or rather the
- 23:30energy. The creative juices to study
- 23:32something else. But if we get Bitcoin into their
- 23:36hands and they just, you know, basically listen to the mantras
- 23:39of like, stay, humble Stacks adds huddled these Bitcoins?
- 23:42Do you think over time, they will become bitcoiners or do
- 23:46they have to learn about Bitcoin like we we did?
- 23:51Yeah. So it's a really broad answer
- 23:54because it's going to be a little different for every
- 23:56person, but I would say it in this way, right?
- 23:58Based on the way you pose, the question they have to first have
- 24:02a reason to want To hold some a novelty, you know, it was a gift
- 24:07and they want to cherish it or they want to see if it goes
- 24:09anywhere. You know, the testing the
- 24:11waters. So like a kind of depends on
- 24:13with the the reason they're even willing to have it in the first
- 24:16place. And I think that would tie into
- 24:18how aggressive they would be to want to require more depending
- 24:21on their analysis after they get some.
- 24:24And so, it's not just going to happen by osmosis because they
- 24:27won't learn anything. Unless they stay plugged in,
- 24:29they have to, they have to be exposed to new information as to
- 24:33what Bitcoin is it. Why it matters?
- 24:35If all they look at is the price, they'll only be happy if
- 24:37the price is going up, so that's not going to help them.
- 24:41Hold on to that Bitcoin for the long time.
- 24:42Even if they hearing a few memes about howling and stuff like
- 24:45that, if they don't know why they're highly, you know, those
- 24:48that we can. So those are the ones that sell
- 24:50Panic, whatever, they don't believe in it, they lose faith.
- 24:53It just depends, I think ultimately that your faith grows
- 24:57with your knowledge. So the more you know, about any
- 24:59aspect of it coin, every aspect any aspect, it will improve your
- 25:04Ability to hop and not you know not like going when the price
- 25:07goes down, like it has, you know, 69,000 down to 15 or
- 25:10something. That's a, that's a huge ring.
- 25:12A lot of people are like, mocking us for like talking
- 25:15Bitcoin up at any time, even when it was like 3 Grand or
- 25:19whatever number from years ago, when I started, you know, those
- 25:23people who will remember you know they could look at it.
- 25:26Well it so it's never going back to, you know, 69 or higher.
- 25:29I'm like yeah. How do you know, you know, do
- 25:31you own any do pay attention, you know, those are the people.
- 25:34They have no idea, they see a chart, they see a price went up
- 25:38and came down, and okay, it's never going back.
- 25:40What? Why like this?
- 25:42So like there's a lot of misinformation is a lot of
- 25:45whatever, you know, people don't know.
- 25:47And that's what I think in the long run if they're going to
- 25:49hold it. If they're going to realize why
- 25:51they should hold it, they are going to learn some additional
- 25:53amount of information, will they ever get to your, my technical
- 25:57level knowledge, or whatever, and mine's not even nearly as
- 25:59deep as many people, you know, for most people?
- 26:03No, no way. Of people and over over a longer
- 26:06period of time as Society. Just adopts.
- 26:07This as money, people will start to use Bitcoin in.
- 26:10They'll never care about anything about Bitcoin, it'll
- 26:13just be their money. It's like, people don't question
- 26:16the dollar now is use it. I don't care where it came from,
- 26:19How It's Made. Maybe they get interested to
- 26:21watch a documentary about how they make the money but
- 26:23otherwise nobody kisses crap. But but we're in a revolution
- 26:26here. This is the first time in
- 26:28humanity that a new worldwide and I se worldwide because
- 26:32there's a literary, World, white gold ended up.
- 26:34Worldwide money but it took a long time, right?
- 26:36Some do a places in the world that didn't use gold for
- 26:39centuries while other people using it that whole time.
- 26:42So you know what Bitcoin just happened, 14 years and it's all
- 26:44around the world. The humanity has never seen this
- 26:48like this is a once-in-a-lifetime thing.
- 26:49This monetary Network that's being adopted in real time.
- 26:52No one knows really what's going to happen but the economics say
- 26:57it's going to each unit will keep growing in its and its
- 26:59purchasing power into the future.
- 27:01That means that somebody will trade you more goods and
- 27:03services. Services for the ability to
- 27:05control those digital units on a shared Ledger that's on the
- 27:08internet. Now that was a quick summary
- 27:10about what Bitcoin actually is and I actually can I take a
- 27:13minute and just do like like a summary for boom?
- 27:16Yeah, yeah, yeah. Do it.
- 27:17Yeah. So what people don't get is
- 27:20Bitcoin is a shared Ledger, right?
- 27:22So picture a Excel spreadsheet with a bunch of boxes and
- 27:26there's an infinite amount of boxes and we call those
- 27:29addresses and in any box, can be any amount of what we call
- 27:32Bitcoin and which is simply Digital file, and the
- 27:37spreadsheet have like, if you took a picture of it right now,
- 27:41you'd have a bunch of boxes with a bunch of Bitcoin in each of
- 27:44these different boxes and is millions of them.
- 27:46And every 10 minutes, the Bitcoin Network tries to update
- 27:51because people want to move these Bitcoin around.
- 27:53They want to move them from one box to another, which is the
- 27:55equivalent of spending them. So somebody says, you know, I'll
- 27:58accept some Bitcoin. They provide me with a box or
- 28:01what we call an address, and I can send Cling to it.
- 28:04But the network doesn't agree that that the Bitcoin moved from
- 28:08me to the other person until everybody updates their copy of
- 28:11this ledger. So how do you do that without a
- 28:13central person? Well, the people who put Bitcoin
- 28:16together, person or people we refer to as Satoshi Nakamoto
- 28:20found a way to have anybody on the planet, make changes to The
- 28:26Ledger as long as you follow the rules, you can say to the entire
- 28:30worldwide Community. Hey, I got a bunch of changes
- 28:33and I want to Add them to the entire Ledger.
- 28:35And I want everybody to update their copy and the whole network
- 28:38says, hold on, we need you to prove something to us.
- 28:42We need you to show us a number lower than a target number.
- 28:46That's as simple as I can make it.
- 28:48And if the person wanting to change the record can do that
- 28:52everybody agrees, it's like kind of that simple.
- 28:54It's called Bitcoin. Mining miners are guessing
- 28:57numbers millions, billions per second, trying to beat a target,
- 29:01number set by the system, and if they get it, The changes that
- 29:04they want to add to the system. Everybody will accept because
- 29:07everybody can canno through cryptography, that they found a
- 29:12number that qualifies. And so now, what we have is the
- 29:15first time in human history, a triple entry accounting system
- 29:19where two people on either side of the transaction, know that
- 29:22transaction. But so does everybody else in
- 29:25Bitcoin? Your name is not attached to him
- 29:28directly but what's interesting is that other people can verify
- 29:33all these trans. Actions and know that they're
- 29:35all legitimate because everybody can see the same update of the
- 29:38same Ledger, and Trust, whoever made the update because they
- 29:42followed the rules. And so this is this crazy shared
- 29:45Ledger where if you control some files in some of these boxes,
- 29:48they can be used as money. People do it every day and you
- 29:52can authorize a move to somebody else's box and you can then,
- 29:56essentially pay them on this network that no individual
- 29:59controls. And so it's a protocol for For
- 30:04moving digital files around. And because enough people have
- 30:08adopted it, this network is worldwide and now and nobody
- 30:12nobody individually or even a group controls it, the rules of
- 30:16the network that everybody's adopted and agreed to control
- 30:18it. And it's to self-regulating
- 30:21network is, I'm not going to get into the depths of that.
- 30:23But this, this network actually speeds up and slows down without
- 30:26anybody's input. And, and so, it's because of
- 30:29these unique features that allows you to be able to trust
- 30:33that if On some digital files within the boxes on this Ledger.
- 30:36That if somebody sends you some or you want to send somebody
- 30:39else some that everybody on the planet is going to agree, that's
- 30:42the bottom line. Everybody on the planet is going
- 30:44to greet on the state of the monetary network of the entire
- 30:47planet. Right now that is not even
- 30:49possible. There's not only too many of
- 30:51them governments aren't going to tell you, so this changes the
- 30:55game for money on this planet and so anybody who's wondering
- 30:57about Bitcoin dive deeper into what I just explained and learn
- 31:01what this is, man, this is an important concept.
- 31:03Kept in the way that money can be used by humans in the shared
- 31:07Ledger format over the Internet. So I don't know if I could say
- 31:10it any more simply. I hope that wasn't too long or
- 31:12too. Complicated, beautiful, hold on,
- 31:21love it, love it. Well yeah, I mean, I'm glad you.
- 31:23I'm glad you did that because hey, you never know, maybe
- 31:26someone is new to Bighorn and just got this interview by
- 31:29chance, this conversation by chance and there's still kind of
- 31:32confused on why we do. We do.
- 31:34But yeah, man. I could have, I could have never
- 31:37put it that simply Jim, I love, I love the the metaphor and
- 31:41illustration there, but let's get back to something that we
- 31:44talked about a little earlier and I have it here in my notes
- 31:47as building on a strong Foundation.
- 31:50But you kind of mentioned it a little bit ago about how
- 31:54something about holding Bitcoin has made.
- 31:57You want to be healthier so that you can Usher these SATs.
- 32:00Not only not only have you been able to build on a strong
- 32:04foundation for your health, but also for your future self, for
- 32:08the plans that you have in the future for literally everything
- 32:12from, you know, the mental to the body to I can only suppose
- 32:15the spiritual and it's all building on the strong
- 32:18Foundation a Bitcoin. Because once you opt out of the
- 32:22Fiat system and opted to bitcoin, you're no longer in the
- 32:26rat race. Like you're no longer on the
- 32:27treadmill just just treading water and this there's something
- 32:32about it's like there was a meme going around.
- 32:33Twitter and it was the idea of like a shit coin.
- 32:37Being a piece of Lego, like a Lego piece and Bitcoin being a
- 32:41break where you can build Cathedrals and you can build
- 32:44something of value that will last for eternity.
- 32:48And I don't know, like what better example than you saying
- 32:53look, ever since I got in a bit client, I got healthier so that
- 32:56I could understood that my life might be longer and I need to
- 33:00usher in these sets it and I think it's a part of our duty as
- 33:03bit. Corners to not only, you know,
- 33:05get better in our in our education but also our body.
- 33:08It's like this is our best tool and we're trying to ushering the
- 33:12SATs for as long as possible. And now we have the best
- 33:15foundation to build on it and it's like I said, in the past
- 33:18like having that Bitcoins n where you can finally relax,
- 33:22take a deep breath and then refocus your energy into the
- 33:25projects and the things that you really want to do it really.
- 33:30It's like that's like the life-changing.
- 33:33Don't know basic material substance that Bitcoin allows
- 33:38for us where it's like your whole life just gets better.
- 33:40Because finally, you're no longer as sailor says, you know,
- 33:43holding a melting Ice Cube or running in mud or whatever
- 33:47illustration you want to put on your finally able to build on
- 33:51something for your future and it doesn't rob you and it literally
- 33:54changes your psychology and probably rewires or psychology.
- 33:57I'm sure there's going to be some tests on on this in the
- 34:00future. But I mean you're a living
- 34:02example of this I think. Well, maybe, I don't know.
- 34:05I mean I definitely think differently because I see the
- 34:09world differently. I understand some things that I
- 34:11didn't understand before. So, you know, it definitely
- 34:15changes. A lot of changes, your
- 34:17perspective for sure which, you know, sort of changes who you
- 34:20are, right? I mean, I definitely have
- 34:22different habits going back to you, mention in the health
- 34:24thing, I had, I had wanted to get healthier and I saw, the
- 34:30reason was, I saw it in my diminished surfing a These I've
- 34:34been surfing my whole life since I'm a teenager and and luckily I
- 34:38still surf at my Advanced age but but there was a time there,
- 34:43I was I wasn't doing too good and most of my surf sessions
- 34:46really sucked and I felt like I was a total loser and I was
- 34:48like, waiting what happened? All my my skills and then you
- 34:51know I got real and honest with myself when I was looking in the
- 34:54mirror one day after a shower and I said, you're a fat old
- 34:56man. Look at you.
- 34:57That's why you can't serve you with you.
- 34:59So you know what are you gonna do?
- 35:01You gotta, you gotta fix it or, you know, stuff.
- 35:03For a fix it. I was like, no way.
- 35:05Am I giving up my surfing? No way.
- 35:07So I decided to, you know, start looking into health and I first
- 35:11ran across intermittent fasting. So I shrunk my eating window
- 35:15down as those eating shit and then I got lucky.
- 35:18I'm so one of my orange pill moments was, I was listening to
- 35:23a podcast and I and it was somebody said, oh, you got to
- 35:25get on Twitter if you want to learn about Bitcoin, you got to
- 35:27get on Twitter, gotta follow Twitter people, you know Bitcoin
- 35:30people like wow. It's clear.
- 35:31What the hell is that? Crap?
- 35:32I know I'm an old guy didn't. Do that shit.
- 35:34But I said all right I'll get on Twitter.
- 35:36Then I start following people. And I learn about this guy P,
- 35:38Richard and he's a New Yorker and I was fortunate enough to
- 35:42meet him many times in person. It was meetings, I ended up
- 35:44going to but this is I think my first time I don't think we had
- 35:47ever met. He posts a tweet and says, who
- 35:49wants to go to a steak dinner with me and say, 15 in New York
- 35:52City? And I look at the time and it
- 35:54was like four minutes old. And the guy had like, you know,
- 35:5750,000 followers at the time, I'm like, holy crap.
- 36:00He just posted that, I gotta, I gotta respond.
- 36:02Hey, can I come Um, and I think I might have said, you know, I'm
- 36:06close. I'm on Long Island and he's
- 36:08like, yeah, you're in. So I was like, wow, I get to go
- 36:10to a steak that and savings book was already out the Bitcoin,
- 36:13standard suppose, like, holy shit, I get to go to dinner with
- 36:15these guys and then it'll be like 12 of us with safe and
- 36:18safety and Pierre. And she was my point would be
- 36:24about, I think it was the kind of War story that you told.
- 36:28Thank you. Damn it.
- 36:29She's about yea. Alright, so it's at a steak
- 36:31restaurant, it's a steak dinner as they grow And I don't know
- 36:34about this whole carnivore, diet thing, there you go, Bitcoin
- 36:38standard. I don't know about condoms, I
- 36:40don't even know. I've never even heard of what
- 36:43that was. And safety was already a
- 36:45carnivore. And so, during the course of the
- 36:47dinner, everybody got orange pill.
- 36:49Hold on, Carnival eating, but we're ready calcium.
- 36:51I already love steak, so I didn't care, but it do be down
- 36:54that rabbit hole. Do to learn more about that and
- 36:57then that totally changed my life because it totally changed
- 37:00my health. And I learned that excess
- 37:03carbohydrates. It's all the other problem
- 37:04processed foods and Seed oils are the problem and a very you
- 37:10know, ancestral appropriate. Human diet is going to be a
- 37:13Whole Foods. Animal Foods, protein and fat
- 37:17and probably for many people, some carbs, but they're going to
- 37:20be in the form of fruits or vegetables.
- 37:22They're not going to be, you know, Cheerios something right.
- 37:25You know, potato chips, or beer or any of the things that are
- 37:28carbs that are just empty cars. Make people fat and inflamed and
- 37:31ruin your health. And so you know when I was
- 37:33looking in the mirror at the Battle guy that couldn't surf
- 37:34anymore. I realize it's because my shitty
- 37:36diet and I had to stop eating. A lot of the stuff I loved A
- 37:39friend of mine and I used to refer to Pizza as vitamin P and
- 37:42you had to get some everyday. And I pretty much ate pizza
- 37:45every day for decades and now I eat pizza like three times a
- 37:49year or something like that because I still love it.
- 37:51But it's bad for me. Well, you and your wife well and
- 37:55it's such good. Deeds in New York, holy shit.
- 37:57They're freaking individual private pizzerias all over Long
- 38:01Island where I live, really good ones.
- 38:03Like, you'll never hear about them.
- 38:05It's not Papa, John's chain all over the country, it's just Mom
- 38:07and Pop to know how to make a really good pizza and they're
- 38:09everywhere. But yeah, I just don't go
- 38:12anymore, man. All the regular pizzerias that
- 38:14used to see me probably think I died because I never go back,
- 38:17but whatever. And I'm way healthier now, to, I
- 38:19still go by, can see the guy flipping pizzas, in, through the
- 38:21window and he's still big and fat and I'm not anymore.
- 38:24I'm like, all right. Well, it's Korea.
- 38:27Would be. That's what you get.
- 38:28Yeah. So yeah, Bitcoin totally changed
- 38:30my health, you know, and I met some cool new friends.
- 38:32I'm friends with those guys. Now, It's great and they really
- 38:35great people in their super smart.
- 38:37So anybody who doesn't Nokia Richard follow him on Twitter
- 38:40and say 15 a moose but 100% I wouldn't be here without a
- 38:43Pierre and B teens noted podcast, those guys so that's
- 38:47one. That's one of the signal that I
- 38:50had that I had to download to get to this point but you
- 38:54mentioned surfing and it wouldn't be, it wouldn't I
- 38:57wouldn't have done this this pot Justice.
- 39:00If we didn't bring this to surfing at some point of this
- 39:03conversation, Ian. I to also grew up in the ocean
- 39:06II. Don't even remember the first
- 39:07time I was ever in the ocean. Like, that's how long I've been
- 39:10in the ocean. I don't remember learning how to
- 39:12surf because I've always been in the water as far as I can.
- 39:16Remember, I've been in the ocean and I'm going to take this in
- 39:19two directions and then I'm will also lead it into a third
- 39:24Direction, but the first one is before Bitcoin.
- 39:28I kind of consider myself a surf bum.
- 39:30I didn't want to do anything but go to the beach.
- 39:32I just wanted to check Get signed go to the beach look at
- 39:35girls in bikinis and just do that until I got old and then
- 39:41you know life happened to gets a little hard.
- 39:43I've told this story before and you start to re-evaluate your
- 39:46life and then I found Bitcoin and it literally changed
- 39:51everything about me. It changed my motivation.
- 39:54It changed my outlook into the future and I still you know hope
- 39:59to one day have the the American dream white picket Fence but
- 40:04it's obviously going to be near the ocean.
- 40:06This is that's that's just how I was raised, you know, this is
- 40:08where I come from, but I've heard you say this in the past
- 40:11and I totally agree of this and I never really thought of it in
- 40:14this in this Frame. But the, the proof-of-work
- 40:18lifestyle of being a surfer, like, it looks so easy.
- 40:21When you watch people surf, you know, it looks at you.
- 40:24See people on the wage like, man, that looks so nice.
- 40:27It's so it looks so easy. Look, so Majestic and then you
- 40:29get on the wave and it's a lot more difficult than you.
- 40:33Ever imagined. And then you kind of understand
- 40:36and I say it all the time proof of work is a lifestyle
- 40:38philosophy. And by that, we mean, and maybe
- 40:40this goes back to the question. I asked you earlier about, can
- 40:43people learn Bitcoin through osmosis, it's like, you need to
- 40:46put in that work to become a better Surfer.
- 40:49You need to put in that work, to become better at anything in
- 40:51life. And it's just, it's just very
- 40:54interesting that once you understand this proof of work
- 40:57philosophy. This point of view, you can
- 41:00literally take that into every aspect of your life and your
- 41:03Like okay. How about I put in the work to
- 41:05become a better, whatever better blank, and any aspect of your
- 41:08life, whether it's, You Know, Better Health better Fitness,
- 41:11better education, you know, better, you know, hobby project,
- 41:15whatever it is, and I always break it down into, have I put
- 41:20in the work, am I putting in the right work?
- 41:21Not only, you know, putting in the hours, but am I putting in
- 41:25the work correctly? Like the meme don't work harder,
- 41:27work smarter. And I know, I know you
- 41:30understand this because I've literally stole this meme from
- 41:33you. The Proof of work behind surfing
- 41:35is really. I mean and I don't want to say
- 41:38it's you know, that the Pinnacle of every other human sports or
- 41:43what have you or any other human Endeavors.
- 41:45But it really is in my opinion. One of the most majestic things
- 41:49that humans ever done. Like I can only imagine Lena the
- 41:51first person to ever want to go. Surfing is like the same idea of
- 41:54like the cryptography forefathers before Bitcoin, that
- 41:58were like, all right, we're going to make a digital money.
- 42:01Going to be digitally scarce and you know, through Ooh, the
- 42:04reiterations overtime. So till she comes out and just
- 42:06rides that perfect wave and here we are, and we're just like
- 42:10ripples with that. Like, that's a good it.
- 42:14I know you can talk about the proof of work lifestyle because
- 42:16you're living it. And I think this is one of the
- 42:19things that I try to explain to people.
- 42:22The most is, like, look, what do you want out of life?
- 42:24Like put in the work and then by you putting in the work and you
- 42:27being a shining example of being a better person, other people
- 42:31will want what you want. And those ripples will Just
- 42:34continuously Ripple out, new people will spark new people and
- 42:37more people will spark, you know, New Movement.
- 42:39And here we are and we're all going to be riding the Bitcoin
- 42:43wave Cycles after cycles and going into Infinity as number go
- 42:48up. Yeah man.
- 42:50Yeah. So all right.
- 42:50Do you want me to address that whole proof-of-work?
- 42:53Jump it, jump it. So when I was learning about
- 42:57Bitcoin, my third touch, I was listening to a podcast and a
- 43:00woman described, the Bitcoin system as a system you could
- 43:03Trust that trusting the people that are using it and I built an
- 43:07entire business. Now, over 30 years in
- 43:10construction based entirely on trust because I work on a
- 43:14Barrier Island, caught fire around in the people whose homes
- 43:16I work on, are never there when I work on them so they have to
- 43:18trust that I'm not corners. And along time ago, I started
- 43:22sending photographs the people so they could see their work was
- 43:24getting done before digital photography and then I started
- 43:27emailing as a as a proof of work that they could see.
- 43:30I was getting it done and it's that The thing that builds a
- 43:34reputation and allows you to have like a, you know, a
- 43:38business that last set of reputation that you know people
- 43:41want to give you a name out of me for all those years.
- 43:43I really never advertise. I constantly get worked from
- 43:47word of mouth because people are happy with the work I do.
- 43:49But I also approve it. I show them that I'm doing the
- 43:51work, I show them inside the wall before I close it up that
- 43:54you know, things got repaired, whatever it might be, whatever
- 43:56the scope of the job is. And when it comes to surfing
- 44:01that bullying, people that say they can surf until You paddle
- 44:04out with them and you know you tell they haven't put in the
- 44:07work. So like so the crazy thing about
- 44:09surf is what makes it so hard ultimately is because the
- 44:13playing field is moving, I can't think of another sport where the
- 44:16playing field is also moving along with you and maybe some
- 44:20apparatus like, you know, like a bicycle you're on or in this
- 44:23case a surfboard or, you know, a ball, you're manipulating, you
- 44:26know. So this is other moving objects
- 44:28but the playing field like I don't know, I can't think of
- 44:29another Sport and so like, you don't get like condition.
- 44:33To learn on that are always the same.
- 44:36Now there's a handful of exceptions in the world certain
- 44:38surf spots in the world are having to get consistent waves,
- 44:41that are actually very much the same a lot of days where as a
- 44:44place where like where I live, waves are very different and
- 44:48very infrequent. So it becomes much harder to
- 44:50learn because can just go next Tuesday at 10:00 a.m. when
- 44:53you're off from work or something.
- 44:55You have to go when the waves are provided.
- 44:57And so you have to put in the frickin work if you're going to
- 45:00ride a wave and actually right away and you don't even have to
- 45:03do it. Good with even just to get to
- 45:04your feet and ride the wave, without crashing takes quite a
- 45:08while. I mean, if you're really good
- 45:10months, you know, the average person not going to learn in a
- 45:13day. I mean, again, unless you at one
- 45:15of these places like Waikiki in Hawaii, almost anybody can learn
- 45:18to surf there in a day, believe it or not, but it's not like
- 45:21full-on surfing. You're riding a little tiny bump
- 45:23straight towards the beach. It's surfing but not really but
- 45:27you know, really surfing at any halfway, decent level.
- 45:31You got to put in a good amount of time and any Who's done it,
- 45:34can easily spot. The people who haven't, it's
- 45:37just not that hard at this, not that good.
- 45:38They haven't figured it out. And you know, like so there's
- 45:41principles involved like the waves moving towards the beach
- 45:43at a certain speed, you have to figure that out.
- 45:46You have to align with nature. You don't have a choice, you
- 45:50have to balance with the, with the shape of the wave.
- 45:52You have to turn your board with the fin configuration and the
- 45:55outline shape of the board. It's going to it's going to
- 45:57operate in the wave face different than a board of a
- 45:59different shape. All these things you have to
- 46:01have to feel, you have to learn and it just takes a lot of Time.
- 46:03But there's little physics. Involved is actual you know,
- 46:07stuff that you don't get to control.
- 46:09And a little bit like in Bitcoin.
- 46:11Like, you know, the protocol is there, it's going to operate.
- 46:14Whether you agree or not, whether you join or don't, but
- 46:17if you want to get Bitcoin or like when we talk of her proof
- 46:20of work in Bitcoin which you reference but we didn't explain
- 46:23it to anybody who's listening for the first time.
- 46:25Proof-of-work happens to do with that, what I referenced earlier.
- 46:28This thing called mining where people can alter The Ledger and
- 46:32everybody agrees. But in, they're altering of The
- 46:34Ledger. And in there, guessing that
- 46:37special. Number they've expended
- 46:39electricity, everybody on the network.
- 46:41Can verify that that's true or they couldn't have gotten that
- 46:44special number. And in a reward for that, they
- 46:47get brand-new Bitcoin that are birthed into the system.
- 46:49That's what incentivizes people to do this, because they believe
- 46:52they're going to get some Bitcoin, that's gonna have some
- 46:54value into the future. And so, you know, this is all
- 46:57part of what we call a proof of work that is these guys that are
- 47:02adding changes to To this shared worldwide Ledger are getting
- 47:06rewarded in Bitcoin because they went out, ran a bunch of
- 47:09computers and proved that they spent money on electricity
- 47:13because they got this number and everybody recognizes it takes
- 47:16off shit, ton of electricity to get that number billions of
- 47:19guesses. So this is really interesting
- 47:21concept, but nobody can make money in this system without
- 47:24working for it. That's the bottom line.
- 47:27The people that create Fiat money in this world.
- 47:29Don't do any work. They push a button on computer
- 47:31and they get it for free and that Completely unfair system
- 47:35and of course every time they add units to the system which
- 47:38they've done over the past 12 years, I should Tony units, you
- 47:41get inflation right and everybody suffers in the Bitcoin
- 47:44Network there's no number of units will never be more than 21
- 47:47million. Everybody knows that the issue
- 47:48with rate is already set of you knows how many new ones are
- 47:50going to show up every day. Roughly, there was a little
- 47:53fluctuation, I'm not going to get into it.
- 47:54But that's goes back to the self-adjusting mechanism, I
- 47:57talked to before but roughly every 10 minutes right now, six
- 48:00and a quarter of new Bitcoin show up every day.
- 48:03So Roughly 900 a day and that's going to keep going for about
- 48:06another year and then that's going to get cut in half.
- 48:08And this is part of the issue and schedule and everybody knows
- 48:10that's coming and all of a sudden.
- 48:12Those people trying to get those Bitcoin, they get half as much
- 48:14for the same amount of work and that will readjust a network a
- 48:18little bit and we can go deeper and deeper.
- 48:19But let's continue. Continue my friends, love it, I
- 48:22love it. There's a few points that you
- 48:25mention in regards to surfing and I instantly obviously I'm a
- 48:29bit corner. All I think about is Bitcoin and
- 48:31I related it to the Fiats In the first one you said, is, when
- 48:35you're learning to serve, the playing field is constantly
- 48:37moving. And my initial thought was like,
- 48:40oh, that's just like Fiat, you know, the rules are always
- 48:42changing and games, all right? Like that's always like, it's
- 48:47always something new. There's always a new rule, you
- 48:49know, that's always new inflation.
- 48:51There's always a new law new taxes.
- 48:53And it's like, the game is always changing.
- 48:55And then, the next one. And this is something I talk
- 48:57about all the time, and it's what you said, you know, when
- 49:00you're surfing, like, you got a line with nature.
- 49:03And in my opinion, new Bitcoin is is natural money.
- 49:07Maybe that's not like the actual dictionary definition of it.
- 49:12But as we say, you know, proof-of-work is literally
- 49:16connected to Nature. And now our money is backed by
- 49:19energy. And I always say to people just
- 49:23like, aligned with the network aligned with energy, aligned
- 49:27with the with nature, and your life will get better, like you
- 49:31will get blessed and Fiat. With a fair system.
- 49:35Exactly. And Fiat is a monstrosity and
- 49:37it's so detached from reality. Hey, we got a yellow wants us to
- 49:44say, hey guys, say something on live on DSP space, that people
- 49:47can hear you. Don't start believing faces.
- 49:50That's it. That is, oh yeah.
- 49:51All right. You love for you know.
- 50:20that's another essentially, another confirmation when we
- 50:23when we say a confirmation we're talking about, you know, did
- 50:26your transaction get in a block and then once there's another
- 50:30block, that's another like confirmation on top of the first
- 50:33one, the first Block that you ended up in and then your
- 50:35transaction stays in that block forever and every block that
- 50:38gets and is essentially another confirmation.
- 50:40Yes, it gets deeper and deeper into gets more and more secure.
- 50:45All right, Jim, I love it, love it.
- 50:46But before we go on, I want to tell you this personally live on
- 50:51the space, but we got a really cool comment on the are
- 50:54personally live on the YouTube but we got a cool comment on the
- 50:56space. This by Steve be an ego Surfer.
- 50:59Jim, I am the same age as you. I've got some extra pounds to
- 51:02lose and you have inspired me to finally lose them once and for
- 51:06all I've been procrastinating for the past few years.
- 51:08It has to be done. Thank you.
- 51:11So awesome. Little time.
- 51:12The proof of work mess. It is helping people out there
- 51:16and I got two more questions. I told you I'd only take an hour
- 51:19of your time tonight. We might, you know, might go a
- 51:21little over an hour but I think the first one has to do on, of
- 51:27course, another cliche on surfing and I said earlier, it's
- 51:32on surfing the Bitcoin, waves or surfing the Bitcoin Cycles.
- 51:35I know you've been around Bitcoin for for a few years.
- 51:39I think you've been in a couple years before me, and we're just
- 51:43in another Bear market so well number go up.
- 51:47Phil gym. Like will we see all of our
- 51:52dreams get filled? Because I know there's people
- 51:55out there that are that are concerned.
- 51:57Obviously, you know, you know where what I view.
- 52:00I put all my eggs into this basket so obviously we are go.
- 52:06You know, I probably wouldn't be on this show, if I didn't
- 52:09believe that the value of Bitcoin is going to keep going
- 52:12up, you know, and I've said it a number of times.
- 52:14Already. So, essentially answered the
- 52:15question already because it boils down to the way it works,
- 52:19it boils down to the scarce nature and it goes back to the
- 52:23theory of money, money became money because humans figured out
- 52:26a way to transfer value. But it only worked.
- 52:30If the item you doing, the transfer was fairly scarce, and
- 52:34then it had to have a few other qualities is what you learn and
- 52:36learning about their history when he should have
- 52:39transportability verifiability. It should be fungible.
- 52:44Means one unit is like the other, like, any other unit,
- 52:47which what would humans figured out and scarcity?
- 52:49One of the biggest things, it can't be a lot of its and
- 52:51doesn't make a good money. Anybody can go get some at the
- 52:53beach, right? But something like gold does
- 52:56because it's a, it's a precious metal, in the sense that it
- 52:58doesn't rot away. So, it lasts for a long period
- 53:00of time. There's not a lot of, it takes a
- 53:03lot of work to get it and that gives it value like gold has
- 53:07proof of work behind it. Gold doesn't show up on the
- 53:09earth and let somebody went and dug it out, which meant somebody
- 53:12put work behind it, so it immediately gets value.
- 53:14That's why Bitcoin has value immediately because somebody put
- 53:17work into it by spending electricity to add changes to
- 53:21that shared ledger. So, so, wait, what was the
- 53:24original question? How did you phrase it?
- 53:26I'm sorry. Well, number go up.
- 53:29That was a number of God. Yes.
- 53:30Thank something about surfing the Bitcoin, wait times and
- 53:33whatnot. I want to reference, you know
- 53:36what. So basically now all these
- 53:38features about the way Bitcoin works and economics and money
- 53:42lead you to understand that because This is the way this
- 53:44system has been bootstrapped over 14 years and I will say it
- 53:47this way on purpose, because when it was young, it could have
- 53:50been destroyed. It could have been co-opted.
- 53:52It could have been broken. It might not have gotten to
- 53:54where it is today. But once you learn the history,
- 53:56you realize, at this point that it's not likely to ever go away.
- 54:00It's kind of impossible to shut down this worldwide Network at
- 54:02this point. So once you understand a bunch
- 54:05of really key features about Bitcoin, it's hard to imagine
- 54:08that the value of each unit won't go up.
- 54:10It just is because it's just got too many benefits.
- 54:13For human beings. And so as creatures that are
- 54:17constantly looking out for our own best interest, everybody
- 54:21does this, we all make millions of decisions every day to remove
- 54:24current and future uneasiness from our lives, even as simple
- 54:28as shifting in your chair, because your butt hurts.
- 54:30All right? So we make these decisions
- 54:31because we're either uncomfortable now, or we don't
- 54:33want to be uncomfortable in the future.
- 54:35And once you understand about storing your value, what you go
- 54:38to work for the money that you earn.
- 54:40Once you realize that you could store that value in Bitcoin, you
- 54:44Realize that, you know, you got to make some adjustments in your
- 54:47life. You got to, you got to figure
- 54:49this, you know, it's a way to save your value into the future.
- 54:52And the idea is that because the way the system works your, you
- 54:56can put some value in it at current purchasing price, you
- 54:59know what, you know, 100,000 what would that buy you today?
- 55:01And that same amount of satoshi's or fractions of a
- 55:04Bitcoin is likely to buy you much more than the equivalent of
- 55:08100,000 the future. And so you're saving this your
- 55:11hard-earned productivity out into the future.
- 55:13So yeah, well, number go up. I think pretty much guarantee
- 55:17that, you know, nothing's guaranteed.
- 55:18But, yeah, kind of, I think it is, I think it's good.
- 55:20It's ours, BTS is not Financial advice.
- 55:23I'm sorry, folks. Bitcoin goes towards personal
- 55:36human nature. Like everybody who gets involved
- 55:38in, Bitcoin is incentivized to act in a way that will not break
- 55:42the coin right now. So that's That's like a kind of
- 55:44important understanding like everything sent device to make
- 55:48it keep working and that's why he keeps working and that's why
- 55:51it's going to keep working because there's no good reason
- 55:54to break the system. Honestly, if you could hack the
- 55:57system and steal someone's Bitcoin your Bitcoin you just
- 55:59stolen just got worth nothing. So what's the point, right?
- 56:03Like like people would want to try and steal like you can steal
- 56:06someone's Bitcoin as long as you didn't break the network.
- 56:09So you can find someone's password, their private key and
- 56:12steal a bit but that's not the same.
- 56:13Same as breaking the Bitcoin protocol.
- 56:15If you were to go out and break the Bitcoin protocol so that you
- 56:18could like create Bitcoin out of thin air or somehow steal,
- 56:21someone's Bitcoin without knowing their private key or
- 56:23some weird way to break the network, then the Bitcoin you
- 56:25just stole is worthless and so is the entire network.
- 56:28So as long as it can resist that attack, it's going to keep going
- 56:32up in value. I mean like there's just no
- 56:34stopping and I'm sorry, love it and financial advice.
- 56:37Okay, well I got a still got the soundboard and it's going up
- 56:41forever. Laura so There you go.
- 56:45Last question. Last question Jim and I think
- 56:50this is a question that I'm going to ask everyone that comes
- 56:52on here. Now I think it's a great way to
- 56:55wrap up this conversation and and furthermore put a pin on
- 57:01everything that we talked about. So I've asked us before and I'm
- 57:04going to continue to ask this is Bitcoin, the greatest invention
- 57:07ever? Oh yeah, no it's not an
- 57:08invention those to Discovery. Let's go.
- 57:11So let me just you know, my My crazy ass perspective on that
- 57:15nothing's invented. Everything is discovered right?
- 57:18Somebody gets curious. What would happen if I did that?
- 57:21And they discover what would happen, right?
- 57:23That's it. People discovered math, they
- 57:27discovered the concept of numbers.
- 57:28They discovered digital circuits, everybody.
- 57:31Everything's just built on another Discovery by some
- 57:34curiosity, and then they called an invention because somebody
- 57:37rearranged some molecules on the planet.
- 57:40Like the molecules were already here, right?
- 57:43And now they're in a different Shape and you call it an
- 57:44invention. Now, you just discovered a new
- 57:46rearrangement of something that does something different.
- 57:49That was always going to happen. By the way, the physics of that
- 57:53had nothing to do with you. You just happen to be the guy
- 57:55who thought of it and showed the world that it.
- 57:58It's out there. That's it.
- 58:00That's all it is. Everything is the Discovery,
- 58:01sorry. But it's the most important
- 58:04Discovery, you know, of humanistic.
- 58:05And let me tell you why, okay? All right, so money as a
- 58:11construct is, Is human invented. There is no natural money.
- 58:17Money is a construct that got turned into things, right?
- 58:21The best thing we found to turn it into before Bitcoin was gold,
- 58:25but then humans figured out how to co-opt the gold and turn it
- 58:29into the paper and then make tons of it and then he base it
- 58:31and do all the things they did. But because humans invented the
- 58:35construct of money, we were able to move from a barter Society to
- 58:39a specialized a society where everybody could do one thing,
- 58:41but still get everything else they might want.
- 58:44By this intermediate intermediary thing called money.
- 58:47So money also is known as what's goes by something that we call
- 58:51the most saleable good. So with money, you can buy
- 58:54anything and with anything you can buy money.
- 58:57So money is exchangeable for all goods and all services.
- 59:00And so it's in the middle of every trade and it allows people
- 59:03to specialize and then therefore new things get invented or
- 59:07discovered because somebody goes off into some part of the world
- 59:10and thinks of how to use natural resources in a way nobody else
- 59:13did in there. All of a sudden new invention,
- 59:15right? So the world prospered, we have
- 59:19everything around us because somebody thought of it and then
- 59:22created it and they created it with the help of money without
- 59:26money. We would still be living in
- 59:28little tribes, you know, with fires around the cooking of food
- 59:32around the campfire, whatever, because you can expand and lift,
- 59:35people could specialize and you can't specialized easily if you
- 59:38have to barter. So money, transform all of
- 59:40humanity. So that's money.
- 59:42The concept of the country. The money was the most important
- 59:46thing that humans ever conceived of because it gave us all the
- 59:49prosperity we get to enjoy and future and for the future, now
- 59:52the best form of money therefore then by definition becomes the
- 59:55most important Discovery in all of human history and I believe
- 59:58Bitcoin is that best more money. So to me, the question is the
- 1:00:01most important Discovery in all of human history.
- 1:00:04It helps everybody equally and fairly that's it, right?
- 1:00:08Like, how can you argue with something like that?
- 1:00:10That's really cool. That's like really cool.
- 1:00:12Sorry. But whatever, That's my take.
- 1:00:20Like I told you I was going to keep it around an hour
- 1:00:23obviously, you and I could probably talk for at least
- 1:00:26another one or two, even probably three hours about this.
- 1:00:29But man, I really appreciate this.
- 1:00:31I had a great time. I hope that you guys out there
- 1:00:33got some, not only inspiration but also motivation to be a
- 1:00:39better person. So Jim.
- 1:00:41What are you working on? What do you want people?
- 1:00:43Now that you're doing, I got your Twitter here.
- 1:00:45So if people want to follow you, but I don't know how about last
- 1:00:48words of advice and then we can roll this one out.
- 1:00:51All right. Get rid of that pot belly, will
- 1:00:52you fat old men? It's not that hard.
- 1:00:54Get rid of the carbs, it'll just melt away.
- 1:00:56You don't even have to do a lot of extra exercise.
- 1:00:58I promise. Just don't eat a lot of carbs.
- 1:01:00That's like the main thing. What am I doing?
- 1:01:03I'm still trying to go surfing as much as possible, but it's
- 1:01:05freaking cold in New York right now, so it's not fun.
- 1:01:08So, I don't surf much. I actually took up skateboarding
- 1:01:10again, which is crazy for a guy, my age, but I can still do that.
- 1:01:13Okay. But many people know that I'm
- 1:01:16working on the Long Island stuff Park, which is now branded Crest
- 1:01:20Surf Clubs, we're building a giant wave pool here on Long
- 1:01:24Island. Are you going to be able to
- 1:01:24serve seven foot waves all year round?
- 1:01:28So that's a project. I've been involved with for
- 1:01:30seven years. Now, I'm also involved in a
- 1:01:32project in Baja to build a off-grid to self sustainable
- 1:01:36community of bitcoiners. We have a telegram Channel with
- 1:01:38over 50. People in it, from around the
- 1:01:40world. My good friend, Jimmy goes by
- 1:01:42crypto Zorro on Twitter. It's his it's his vision.
- 1:01:46He owns the land and we're in the process of figuring out how
- 1:01:50to make it a giant community property that you know,
- 1:01:53Community Center all built around, education, sound money,
- 1:01:57self-sustainability, our own livestock everything, our own,
- 1:02:01you know, water, electric, everything.
- 1:02:04So I think it's be pretty excited because, you know, in
- 1:02:06the latter half the latter part of my life.
- 1:02:08I don't want to live in New York anymore, it's you call the
- 1:02:10rather be in Baja, a mile off the ocean, you know, paddle out.
- 1:02:13Every day in baggies or whatever.
- 1:02:15So yeah, I'm looking forward to that in my future and then, you
- 1:02:20know, just on the, on the bigger thing.
- 1:02:21Like, I mentioned earlier, I've been a Contractor Building
- 1:02:23custom homes for over 30 years and I'm ready to stop doing that
- 1:02:26and devote my life to bitcoin education.
- 1:02:28I have no specific plans to start a school or anything, but
- 1:02:33just doing this kind of stuff. I just like talking about it and
- 1:02:35helping people understand it. And I'm pretty much going to
- 1:02:38just devote my life to helping people understand what I see.
- 1:02:41And, you know, see if they can see it as well.
- 1:02:43And hopefully they benefit like I'm not doing this because I
- 1:02:46want to get rich. I'm doing this.
- 1:02:47Other planet gets better. Honestly, I'm doing it for my
- 1:02:50heirs. The people that I love that are
- 1:02:51going to be here after I'm gone, you know, and I would love to
- 1:02:55see the planet start to get better.
- 1:02:56I watched it, get worse in my lifetime and it's hard to
- 1:02:58believe. I didn't think that would
- 1:03:00happen. Last two years where a sober
- 1:03:02reminder, that people are nuts and they can destroy the world
- 1:03:04pretty quick. If you give the wrong people too
- 1:03:06much power which is the current case.
- 1:03:08And I will say it's because they control the money and once they
- 1:03:11can't control the money. If everybody gets on a Bitcoin,
- 1:03:13Standard all the shit. We just saw the last 22 years
- 1:03:15that goes away, people aren't going to be pushing you around
- 1:03:18telling you where freaking mask or take some chemicals.
- 1:03:20You don't want to take anything can happen under a Bitcoin stand
- 1:03:23it. So everybody needs to get on
- 1:03:24board and get some frickin Bitcoin and disenfranchised.
- 1:03:27These bastards that are screw in the world over right now.
- 1:03:29All those people in that Davos right now anybody got a bomb you
- 1:03:33can drop all those people. We just need to get rid of all
- 1:03:35the dancers destroyed in the world.
- 1:03:37Those parasites. They suck those people, man.
- 1:03:40That's what I got 5,000 armed guards, around the whole place.
- 1:03:43They We all know, there are freaking big ass Target man.
- 1:03:46They got a lot of enemies out and work.
- 1:03:47Those people are freaking evil Evo.
- 1:03:51All right, can confirm hold on. Yeah, listen.
- 1:03:56All right. Wow.
- 1:03:58Well Jim I thoroughly enjoyed this.
- 1:04:01I think the people enjoyed this as well.
- 1:04:03So just hang out for a second behind the scenes.
- 1:04:06As I roll this one out and and then and then we can have her
- 1:04:10night. So Guys, I hope you enjoyed
- 1:04:14this. We are going to continue down
- 1:04:17the tto rabbit hole. I'm going to bring on more
- 1:04:20friends on here, more bitcoiners that I think have interesting
- 1:04:23stories that have just what I like to talk about, man, just
- 1:04:27the cultural effects of Bitcoin, how Bitcoin literally, Alters
- 1:04:30your life. How Bitcoin saves you, how
- 1:04:32Bitcoin gives you a second life. And so, I hope you guys got
- 1:04:36inspired. I hope you guys continue down
- 1:04:38the rabbit hole. I go.
- 1:04:39I hope you guys continue down the fitness.
- 1:04:41Rabbit Hole, get yourself fit, mentally spiritually and
- 1:04:44physically, and as well, get yourself fit financially, and
- 1:04:48this is what we're doing here is bitcoiners.
- 1:04:50So tune in tomorrow for the normal show.
- 1:04:53Actually. Also, speaking of Pierre,
- 1:04:55Richard, he is coming tomorrow for the IRL, so stay tuned.
- 1:05:00Tomorrow, we got all kinds of content for you guys and we'll
- 1:05:04be back. I think I got a, I got some new,
- 1:05:06some more friends coming into the show next week and the
- 1:05:09following week. So, I hope you like these.
- 1:05:11Stations, let me know, I will figure out what's going on with
- 1:05:14all the audio stuff so that you guys get the best listening
- 1:05:17experience possible. But I hope you enjoyed the
- 1:05:21night. Do have a good night.
- 1:05:22Go eat your steak. Go go.
- 1:05:24Do some workouts. Go sit in the sauna, make sure
- 1:05:27you guys are getting yourself. Mentally, prepared, for what's
- 1:05:30going to come. It will be a crazy year.
- 1:05:32So, enjoy yourselves. Have a good night and I will see
- 1:05:36you tomorrow. Peace out.