Latest / Simply Bitcoin / Knut Svanholm | Simply Bitcoin IRL

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Knut Svanholm | Simply Bitcoin IRL · Simply Bitcoin

• 0:00
  What's better for Bitcoin, a pro Bitcoin politician or an anti
• 0:03
  Bitcoin politician? It's like choosing between, you
• 0:06
  know, cancer and the common cold I guess.
• 0:08
  And I'll take the common cold. We are the satoshis.
• 0:14
  Everything divided by 21 million is like the least amount of
• 0:17
  characters I can explain Bitcoin with.
• 0:19
  Ignorance is the only thing that can kill Bitcoin.
• 0:22
  All Fiat currencies die at some point, and they all die in
• 0:26
  hyperinflation. And how does this end?
• 0:29
  It ends in hyperbicronization. The orange pill is the the
• 0:32
  remedy to the black pill. You're 100% confident that it
• 0:35
  does? Yeah.
• 0:41
  Welcome to another episode of Simply Bitcoin IRL.
• 0:44
  We're here in the beautiful Lake Lugano in Switzerland and I'm
• 0:47
  here with a dear friends Canutes Vanholm and also uncle from
• 0:52
  another mother. Does that even make sense?
• 0:54
  I don't know. Anyways, Canute of course is
• 0:56
  well known for being an incredible authors, also has
• 0:59
  podcasts, but most importantly I think most of the community.
• 1:02
  Knows him by. Infinity divided by 21 million,
• 1:05
  Yeah. So could you explain that meme
• 1:07
  because it's the reason it's so effective is because it explains
• 1:12
  many, many things in a very condensed meme or number
• 1:19
  division equation. There we go.
• 1:21
  Yeah. So, so that's why I fell in love
• 1:24
  with Twitter in the 1st place. Like you had to condense your
• 1:27
  thoughts to 140 characters and that was really good for my
• 1:31
  writing because I had to compress everything to the like
• 1:34
  and everything divided by 21 million is like the least amount
• 1:37
  of characters I can explain Bitcoin with.
• 1:40
  It alludes to the fact that the the purchasing power of a
• 1:43
  Bitcoin or of a Satoshi can, can and will go up forever as long
• 1:48
  as Bitcoin works. Can you elaborate a little bit
• 1:50
  on that? Because that sounds crazy.
• 1:53
  Yeah, so the thing that intrigued me about Bitcoin in
• 1:56
  the 1st place was that here was this claim that we had something
• 2:00
  on the Internet now that couldn't be copied by anyone.
• 2:03
  And to me that was very a very strange statement.
• 2:07
  Like how can something in the realm of computer or the in the
• 2:11
  realm of information not be copied?
• 2:13
  Like if I say something to you, you hear it and then I still
• 2:18
  have the information of what I said.
• 2:19
  And you do too, like if I all information can be copied.
• 2:22
  It's in the very nature of information, which is why all
• 2:26
  intellectual property laws are bullshit and we should.
• 2:29
  You can't really own information.
• 2:31
  So. So I looked into it deeper and
• 2:33
  tried to like everyone else tried to debunk it and like this
• 2:36
  must be a scam and so on and so forth and took me like 10 years
• 2:41
  to figure out the the deeper reason why why the Satoshi's are
• 2:46
  sacred and special. The conclusion I came to is that
• 2:49
  the ability to move the satoshi is really just a secret that one
• 2:54
  person keeps from everyone else. So if if so they really live in
• 2:58
  your head rather than on the time chain.
• 3:02
  So the reason that I can act as if I own the satoshi, which is
• 3:06
  not ownable because it's just a number, is that I have a secret
• 3:10
  that being the private key, the seed phrase or the location of
• 3:13
  the private key doesn't matter. Like I have a secret that gives
• 3:17
  me access to move these things and I can thereby act as if I
• 3:21
  own them because I find it very on improbable that you have
• 3:24
  access to the same secret as I do.
• 3:26
  And I also find it very improbable that bikprints
• 3:29
  consensus rules will change to such an extent that my key will
• 3:33
  be worthless in the future. So we are the Satoshis in a very
• 3:38
  literal sense. We are, we are now some part of
• 3:41
  the same entity, which is also, by the way, that that that has
• 3:46
  so many implications. The the biggest one being that
• 3:49
  you and I are from a simple pumping our bags perspective,
• 3:54
  incentivized to be awesome to one another.
• 3:56
  Yeah. And keep on on click.
• 3:58
  So and I think that that doesn't end after hyperbicronization.
• 4:03
  There's no reason that that would ever end.
• 4:05
  Since the Bitcoiners are the bitcoins.
• 4:08
  We can, we can play this game forever and we're all of a
• 4:11
  sudden humanity is incentivized to be awesome to one another
• 4:15
  rather than to aggress against one another.
• 4:18
  And we, we can go deeper into that if you want to.
• 4:20
  Absolutely. I, I think the incentive aspect
• 4:23
  is fascinating, right. And the reason for that is I
• 4:26
  think Fiat causes a misalignment of incentives.
• 4:29
  And I think Bitcoin causes an alignment of incentive to such
• 4:33
  an extent that it is almost unbelievable, right?
• 4:37
  Because we're so used to this winner takes all, which is
• 4:41
  basically life under a Fiat standard versus life under a
• 4:45
  Bitcoin standard, which it's not to say that there aren't going
• 4:48
  to be winners, but specifically within the Bitcoin network,
• 4:51
  you're incentivized to talk about Bitcoin.
• 4:53
  I'm incentivized to talk about Bitcoin, why we hold Bitcoin.
• 4:56
  But let's say you're listening. And you don't.
• 4:59
  Own Bitcoin, you buy Bitcoin, you're going to benefit from me
• 5:02
  and you talking about Bitcoin. In fact, you're going to be
• 5:05
  benefiting from Larry Fink talking about Bitcoin and
• 5:08
  Michael Saylor talking about Bitcoin.
• 5:09
  And that's where Max Keiser's quote came from.
• 5:12
  I mean, his meme is this really a meme came from which is like
• 5:16
  Larry Fink is a Bitcoin employee of the of the month, right?
• 5:20
  So let's let's explore that topic a little bit more, right?
• 5:23
  Which is this radical thing that I think is very difficult to
• 5:26
  understand, which is the alignment of incentives that is
• 5:30
  possible under Bitcoin. Yeah.
• 5:31
  We we've been conditioned to think that economics is a 0 sum
• 5:35
  game or that there's always a loser where there's a winner.
• 5:38
  But in Bitcoin, if we denominate in Bitcoin, we can all be
• 5:41
  winners. Yeah, sure, winners at different
• 5:44
  paces, but but we're still all directionally winning.
• 5:49
  And I think what what the other aspect of this that is important
• 5:52
  is that it literally makes aggression less profitable
• 5:56
  because I can threaten you and try to take your bitcoins, but I
• 6:00
  have no way of knowing how many you actually had.
• 6:03
  So you can give me a, a tiny fraction of what you had and I
• 6:06
  have no way of verifying how how big of a fraction I actually got
• 6:12
  from you. And if I kill you?
• 6:14
  You know you get it all. I'm not, I'm not going to get
• 6:17
  any of it. In fact, the scarcity of the,
• 6:19
  the, the assets increases in that case and which benefits
• 6:23
  every other Bitcoin holder. So we get more like it's, it's
• 6:26
  truly unstoppable in that sense. So this leads me to my next
• 6:30
  question, perfect segue, which is you wrote a book called
• 6:33
  Bitcoin, the Philosophy of Everything, and you're just
• 6:36
  talking. About.
• 6:37
  I don't know. I think you did.
• 6:39
  Did you know I I wrote a book called Everything Bitcoin the
• 6:42
  everything divided by 21,000,000 and once called the Bitcoin the
• 6:47
  inverse of. We're not uncles anymore, so
• 6:51
  yeah. Could you talk a little bit
• 6:52
  about that? Yes.
• 6:54
  My first book is called Bitcoin Sovereignty through Mathematics.
• 6:56
  The second one is called In Bitcoin Independence Reimagined.
• 7:00
  And that is the one we're at at the in the Academy at the
• 7:03
  moment. And we're doing a YouTube show
• 7:05
  each and every chapter of each and every one of my books where
• 7:08
  Luke and I read a chapter and discuss the ideas in each
• 7:12
  paragraph. And then I wrote the everything
• 7:14
  divided by 21 million book. And after that a book about
• 7:18
  praxeology called Praxeology, the Invisible Hand That Feeds
• 7:21
  You, which is more about economics in general than than
• 7:24
  Bitcoin. And my latest one is called
• 7:26
  Bitcoin the Inverse of Clown World which I Co wrote with Luke
• 7:29
  the Wolf, my pod Co host and pod producer.
• 7:34
  I'll tell you about the best place to build your automatic
• 7:36
  self custody Bitcoin stack bitcoinwell.com.
• 7:41
  What makes Bitcoin well different?
• 7:42
  What makes it unique? It's an automatic self custody
• 7:45
  Bitcoin on ramp. What does that mean?
• 7:47
  That means that when you buy Bitcoin on Bitcoin well, as soon
• 7:51
  as the funds clear, it goes straight to yourself custody
• 7:53
  Bitcoin wallet address, which perfectly aligns with the simply
• 7:57
  Bitcoin ethos because after all, self custody is the revolution.
• 8:02
  By the way, if you go to bitcoinwell.com slash simply as
• 8:06
  soon as you make your first purchase, you get 3
• 8:08
  opportunities to win up to 1,000,000 Satoshis just for
• 8:12
  signing up and buying a little bit of Bitcoin.
• 8:15
  Seems like a win win. What are you waiting for?
• 8:17
  Go to bitcoinwell.com/simply today.
• 8:20
  So could you talk a little bit about your latest book, right,
• 8:23
  which is Bitcoin the inverse of Clown world?
• 8:25
  Do you think that Fiat is directly correlated with clown
• 8:28
  world? Absolutely.
• 8:29
  I think equality is the opposite of quality.
• 8:34
  So what we're, what we're living in now with and and also all of
• 8:38
  these other sayings like abundance in money, scarcity
• 8:42
  everywhere else and scarce money, abundance everywhere
• 8:45
  else. So we're if we have an elastic
• 8:48
  money supply and then that incentivizes people to spend
• 8:52
  their time and effort on frivolous things.
• 8:54
  What it also funnels well from the lower and the middle classes
• 8:57
  up into the so-called elite, which is basically just the most
• 9:01
  successful themes in society. While if we had something that's
• 9:07
  no single person can control but that controls itself rules for
• 9:11
  rulers, then every all prices will drop to the marginal cost
• 9:15
  of production and even further than that.
• 9:17
  I'd say the question I ask in the book is like when when a
• 9:20
  human being practices doing something, do they usually get
• 9:23
  better or worse at the thing they're practicing doing?
• 9:26
  So for instance, do you consider yourself a better podcaster now
• 9:30
  after you've done it for a couple of years?
• 9:31
  Like, do you get better at the thing you're?
• 9:33
  Doing well? Apparently not, because I asked
• 9:35
  you about a book you've never written.
• 9:37
  Don't worry about that, Uncle, but yes, yeah, through.
• 9:42
  Repetition is like my fourth interview.
• 9:44
  But yeah, in a repetition you obviously get better.
• 9:46
  Absolutely. Yeah, yeah.
• 9:48
  So the natural follow up question to that, that no one
• 9:51
  asks themselves this. So why aren't all prices falling
• 9:54
  forever? And if you denominate in
• 9:56
  Bitcoin, you can see that they actually are.
• 9:58
  So the it's the first time in history that we had a a type of
• 10:02
  money that accurately reflects the deflationary nature of of
• 10:07
  the free market. Yeah.
• 10:08
  And and I think that that concept right, which is
• 10:12
  something that is. I don't know.
• 10:14
  It is very simple, but it's actually very difficult to
• 10:17
  understand, which is the concept that naturally because of
• 10:22
  productivity games, because of technological games, prices
• 10:25
  should be falling. The Bitcoin is the only currency
• 10:28
  that is actually able to truly reflect that, you know, because
• 10:32
  it can't be manipulated, because it has absolute scarcity and
• 10:35
  every other currency, because it is manipulated, because it
• 10:38
  doesn't have scarcity, it has the exact opposite of scarcity.
• 10:41
  It doesn't reflect that at all. And it creates, to borrow from
• 10:44
  your books, you know, title. It creates clown worlds.
• 10:48
  It really messes up society in ways that I don't think a lot of
• 10:52
  people truly understand. Now the reason the reason it
• 10:56
  creates clown world is that everything becomes political.
• 10:59
  Everything becomes politicized because the the fastest way to
• 11:03
  acquire wealth is no longer to provide something of value to
• 11:07
  your fellow man that they asked actually asked for, but you can
• 11:11
  instead for a kiss ass within the political sector and within
• 11:17
  the banking sector and get your ways through that.
• 11:20
  And that is also why I think the hardest pill to swallow here is
• 11:24
  that democracy itself is a slippery slope to towards
• 11:29
  totalitarianism. I think in if you play out
• 11:32
  democracy over a long enough time period, it will always be
• 11:36
  be more and more corrupt, especially if you have
• 11:40
  inflationary currency. Yeah, I mean that subject in
• 11:43
  particular, I just had Svetsky on the show, so you could
• 11:45
  imagine, and you know that that rabbit hole is is a deep 1.
• 11:51
  And I was actually talking to Prince Philip, yeah, about this
• 11:54
  specific subject as well, and the general consensus in the
• 11:59
  West. And actually this is such a
• 12:00
  taboo subject, right, as that democracy is the end all be all.
• 12:04
  But the outcome that it's led to is basically the majority leads
• 12:09
  to basically like vote to loot the treasury.
• 12:13
  Right to to. Benefit themselves right there.
• 12:16
  It's a popularity contest, and the winner basically controls
• 12:20
  the money printer to benefit their voters.
• 12:24
  And then if the other side wins, the exact opposite happens.
• 12:28
  And it's just kind of like this crazy pendulum that starts
• 12:30
  happening, right? And that's what you define as
• 12:33
  clown worlds. And I think that's what we're
• 12:35
  seeing. And do you think it's a
• 12:37
  coincidence that clown World has accelerated the way it has been
• 12:41
  accelerated in the last decade or so, as Fiat money continues
• 12:46
  to disconnect itself more and more from reality the more they
• 12:50
  print? No, absolutely not.
• 12:51
  I mean, I think, I think it's inevitable when you have
• 12:54
  inflationary money, all Fiat currencies die at some point and
• 12:58
  they all die in hyperinflation because they have to follow a
• 13:03
  hockey stick curve, because the way the system is set up is that
• 13:06
  every single dollar in your pocket is owed by someone to
• 13:10
  someone else. And so, so it's all based on
• 13:14
  debt and that debt has to be paid back with interest.
• 13:19
  And the only way to create enough money to pay back the
• 13:22
  debt is to print more of it. So, so and the the debt
• 13:26
  compounds. So all Fiat currencies are
• 13:28
  following a hockey stick curve to hell which is they why they
• 13:32
  sometimes have to reboot these systems and and do the same scam
• 13:35
  again. Which is what happened here in
• 13:37
  Europe with the Euro. Like they replaced fail other
• 13:40
  failing currencies with a new destined to fail currency and
• 13:44
  they will do it again when when shit hits the fan.
• 13:47
  But it's it's still a scam. And how does this end?
• 13:49
  It ends in hyperbicronization. That's why I'm so bullish.
• 13:53
  I mean the orange pill is the the remedy to the black pill.
• 13:57
  You're 100% confident that it does?
• 14:01
  I wouldn't say 100%. Why not 100?
• 14:04
  Because like, I don't want to predict the future and there
• 14:07
  might be unforeseen events that I can't predict.
• 14:11
  However, in my praxeology book that I just rewrote and made a
• 14:15
  second edition of, I added three chapters and the very last
• 14:18
  chapter or the last but one chapter, the the last one of the
• 14:20
  added chapters is called What About the Roads?
• 14:23
  And in that chapter, I talk about the movie The Shawshank
• 14:25
  Redemption. Are you familiar with the movie?
• 14:27
  I love that movie. Yeah, it's actually a movie
• 14:30
  about about libertarianism, I'd say, or above freedom because
• 14:35
  there's there's 90 year old inmates that gets released and
• 14:40
  two weeks later he hangs himself because he's become so
• 14:42
  institutionalized and used to they like the prison routines,
• 14:47
  previews, free meals per day and all of that.
• 14:50
  He knows the but he doesn't know the outside world.
• 14:53
  So everything he finds when he's released is fear and the the
• 14:59
  protagonist, Andy Dufresne. He has his friend Read, played
• 15:02
  by Morgan Freeman, who warns him about the dangers of hope.
• 15:06
  Like, if you have hope, you will, you will only be
• 15:09
  destroyed. But Andy refuses to listen to
• 15:11
  that. And whilst everything else is
• 15:13
  going on in the movie, he's slowly but surely.
• 15:15
  Yeah, he. Figures out a way.
• 15:17
  Minds literally minds his way out to the prison.
• 15:20
  So the sense morale of the the movie is that hope is a rational
• 15:26
  choice. If we're not hopeful, then we
• 15:28
  the Shawshank walls become real. There's that's what enables.
• 15:35
  That's why the Soviet Union was a a giant continent sized prison
• 15:39
  for 70 years. And hope is what ended it.
• 15:43
  People actually seeing that there's a way out of these
• 15:46
  things. So you can't do it collectively.
• 15:49
  You have to. You have to come to these
• 15:50
  realizations yourself and start living as a Freeman.
• 15:54
  Canoe that is extremely powerful and I connected it with when I
• 15:59
  asked you, I said, are you 100% certain?
• 16:01
  And essentially what you're reminding me of is that very
• 16:04
  famous, that very famous viral video of the the guru.
• 16:10
  I am, but the people are. Retarded.
• 16:11
  And he's like, the problem with democracy is that, you know,
• 16:15
  it's by the people. For the people.
• 16:18
  But the people are, this is going on YouTube, not very
• 16:22
  smart, yeah. And the people are the R.
• 16:25
  Word and I'm connecting that with with what you're saying,
• 16:29
  which is people have so been accustomed to living in the Fiat
• 16:33
  matrix that even though they're presented with clearly a better
• 16:38
  alternative actual freedom. What the hidden variable that
• 16:42
  you're thinking about is that potentially there's a percentage
• 16:46
  of the population that might not even want that because they're
• 16:49
  so accustomed to being in prison to use the Shawshank Redemption.
• 16:54
  Yeah. Reference.
• 16:56
  Yeah, I'd say. I'm 100% certain that hope is a
• 16:59
  rational choice. It's like the warning that Andy
• 17:03
  gets from Red is that you're going to die in here.
• 17:06
  You better get used to the thoughts.
• 17:07
  But but the the counter to that is that you're going to die
• 17:10
  anyway, so you might as well be hopeful.
• 17:13
  Yeah. 'Cause it's a, it's a single,
• 17:16
  you're going to end up in the same place, right?
• 17:18
  Yeah. So might as well fight I.
• 17:19
  Guess might as well, yeah. And at least be proud of the
• 17:24
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  Check out Leaden today. So Canoe, Bitcoin has changed.
• 18:28
  Bitcoin is a little bit different than early days, you
• 18:33
  know, 5678 years ago, 10 years ago.
• 18:37
  It's matured a little bit since the approval of the ETF two
• 18:40
  years ago, January of 2024. I wouldn't classify that as
• 18:44
  maturing. But no, the reason I'm saying
• 18:46
  that is, you know, it's become a little bit more.
• 18:49
  The suit coiner is my friend. Oh, yeah, yeah.
• 18:51
  You know, before. Before it was all hitties and
• 18:54
  all memes. Yeah.
• 18:55
  And now a lot of suits. And ties.
• 18:58
  Yeah. What's your take on that, man?
• 19:00
  Because like what worries me specifically with that is people
• 19:04
  are forgetting what makes Bitcoin so powerful and that is
• 19:08
  the self custodial aspect of it. That's the sovereignty aspect of
• 19:11
  that. And I think people are
• 19:13
  forgetting that with this kind of institutional adoption of
• 19:16
  Bitcoin. Yeah, a phrase I miss hearing at
• 19:18
  Bitcoin conferences is not your keys, not your coins.
• 19:21
  Because it's still true. It will always be true.
• 19:24
  None of these reserve companies have any Bitcoin.
• 19:27
  Like some guy at Coinbase has those bitcoins or a group of
• 19:30
  guys if it's a multi sync thing I actually heard.
• 19:32
  It's Brian Armstrong. He's a Ledger and his night
• 19:35
  stand. Yeah, yeah.
• 19:35
  Anyway, whoever it is, this some guy can go off and buy an island
• 19:41
  somewhere. You can bleep that out if you
• 19:43
  want. So.
• 19:45
  So I'd like to like stress that. And Bitcoin is more resilient to
• 19:50
  attacks the more it belongs to individuals rather than
• 19:54
  institutions. So I don't, I don't necessarily
• 19:56
  like these honeypots. I think people should acquire
• 19:59
  their bitcoins KYC free and absolutely not sell them to the
• 20:03
  exchanges to the KYC, the exchange, because you don't want
• 20:07
  you don't want them to be in this honeypots in the.
• 20:10
  In the 1st place, and I see that the saying is now you either die
• 20:14
  a big coiner or you live long enough to to see yourself become
• 20:17
  a suit coiner. I I I I choose to be Batman.
• 20:21
  Like just be yourself is always good advice.
• 20:24
  But if unless you can be Batman, then be Batman.
• 20:27
  Canoe. Technically, you're wearing a
• 20:28
  suit. Damn.
• 20:38
  So man. Let's talk about this cycle,
• 20:41
  right, which is definitely been quite interesting to to say the
• 20:45
  least. You know, I think Bitcoin has a
• 20:46
  way with expectations, right, of just grinding them down,
• 20:51
  pulverizing them, making them disappear.
• 20:54
  I think that this cycle is is played out a little bit
• 20:56
  differently and it's precisely because of of the institutional
• 21:00
  adoption of Bitcoin. Retail doesn't even know Bitcoin
• 21:02
  exists at this point. If you look up the Google
• 21:05
  trends, it's like hasn't even surpassed the 2021 all time
• 21:09
  high, right? So my question to you is, you
• 21:12
  know, are the is the era of the parabolas over?
• 21:16
  I mean, I don't know and honestly I don't care that much.
• 21:19
  Like 1 one Bitcoin equals one Bitcoin and as long as that is
• 21:23
  true, they will inflate the Fiat money supply.
• 21:26
  So in measured in Fiat your the value of your bitcoins will
• 21:29
  eventually go up whether that happens tomorrow or like a
• 21:33
  couple of generations from now. It's not really important if you
• 21:36
  lower your time preference as long as you can like and sure,
• 21:40
  skim off the top of your stack if you have to.
• 21:44
  But still the the best thing you can do is acquire some Bitcoin,
• 21:48
  wait a decade or two before you use any of it, and stack in in
• 21:52
  the meantime. That's that will always work.
• 21:55
  Or make sure you have more Bitcoin than the day before.
• 21:59
  Yeah, if if you're one set up per year, you're an absolute
• 22:02
  winner because at the end game of this there there will be no
• 22:06
  more sets and everyone's under estimating the upcoming SAT
• 22:09
  squeeze like 96 point something percent of the coins have
• 22:13
  already been mined. So in the the 1st 15 years.
• 22:16
  So we have like over the next hundred, 120 or so years of the
• 22:22
  the, the the remaining 3 and 3 1/2 percent will be mined.
• 22:26
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• 22:30
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• 23:20
  Does the paper Bitcoin aspect where you at all as you were
• 23:24
  mentioning earlier, right this centralization of of this giant
• 23:28
  honeypot that is Brian Armstrong's night stand the.
• 23:31
  Future I'm looking forward to is not like a Fiat Fiat economy is
• 23:37
  integrating with Bitcoin. I'm here for the last scene of
• 23:40
  Fight Club where I've just shot myself through the face and work
• 23:43
  metaphor. Yeah, yeah, the credit card
• 23:45
  companies are crumbling down like the the irony is that
• 23:49
  Bitcoin needs to be that to survive in the long run at all.
• 23:53
  And sure there are scenarios where where this experiment has
• 23:57
  failed. We, as in the users and the node
• 24:00
  runners, if we don't remain vigilant and if we if we become
• 24:04
  too passive in defending this thing, then then we're on thin
• 24:10
  ice, I think. Yeah, yeah.
• 24:12
  No, I agree. I agree.
• 24:13
  Ignorance is the only thing that can kill Bitcoin.
• 24:16
  Yeah. And you know, what gives me a
• 24:18
  little bit of hope too is also if you see the breakdown between
• 24:22
  who holds Bitcoin, even though you hear all this news about the
• 24:25
  institutions and BlackRock and strategy and they're just
• 24:30
  acquiring all this Bitcoin, this still the vast majority of
• 24:33
  Bitcoin is held by individuals basically.
• 24:36
  We don't know. No, no.
• 24:38
  And you, as I said, you can't prove ownership of a Bitcoin
• 24:41
  because you at that score, you cannot really own them.
• 24:44
  You can just act as if you did. So it's impossible to know who
• 24:49
  owns what. So.
• 24:50
  And that's a good thing. Yeah, So man, as we.
• 24:53
  Head into this next decade, right and hyper bitcoinization
• 24:57
  is starting. I think it's accelerating in my
• 24:59
  opinion. You know, in the United States
• 25:01
  you had the the victory of the first pro Bitcoin
• 25:04
  administration. Even though he's had a little
• 25:06
  bit of a, you know, was, it wasn't perfect, but it was
• 25:09
  definitely better than Operation 2.2 point.
• 25:12
  Oh, I'm going to like push back on that a bit because like
• 25:16
  what's better for Bitcoin, a pro Bitcoin politician or an anti
• 25:19
  Bitcoin politician? And I don't think this is a
• 25:22
  there's a straight answer to that because if if the
• 25:26
  government can dictate what a notice and what you can do with
• 25:29
  it, then it's it's not permission less anymore.
• 25:32
  Yeah, so, so, so I'm conflicted about this.
• 25:35
  And yeah, we got the crony scammer instead of the
• 25:38
  communist. And the crony scammer is better
• 25:40
  than the communist. But it's the it's like choosing
• 25:44
  between, you know, cancer and the common cold, I guess.
• 25:47
  And I'll take the common cold. I think it's a great way of
• 25:52
  explaining it. Anyways, Canoe, we are getting
• 25:54
  to the top of the hour and I want to ask you this, 100 years
• 25:57
  from now, 500 years from now, 1000 years from now, how do you
• 26:00
  want to be remembered? What do you want your legacy to
• 26:02
  be? I I don't care too much about
• 26:04
  that. I I try to live in the now and
• 26:06
  whilst having a low pro time preference which are not
• 26:10
  mutually exclusive I think, but it can be hard to square
• 26:13
  sometimes. But I try to enjoy the moment
• 26:15
  and go with the flow and say yes to like this.
• 26:19
  You can just do things. It's very just do things, right.
• 26:23
  You could just do things, you know, record a podcast.
• 26:25
  Yeah. Like and I.
• 26:26
  Have to I remind myself everyone once in a while that you can
• 26:30
  also just not do things because I'm not very good at that.
• 26:34
  So man, where can people find your books?
• 26:36
  Bitcoininfinity.com, That's where we accept sets for the
• 26:39
  books if you want to use shitty Fiat to get rid of it.
• 26:42
  They're also available on Amazon and Audible and all of that.
• 26:45
  And yeah, look up the Bitcoin Infinity Show and the Bitcoin
• 26:48
  Infinity Academy. And to make sure I don't fuck it
• 26:51
  up again, could you actually name them?
• 26:54
  One is called the Sovereign. Sovereignty through Mathematics
• 26:56
  is the first one, and I wrote that in my bedroom and I went
• 27:00
  with a with 50 books in a suitcase to a conference in Riga
• 27:05
  in 2019. And nowadays that book is
• 27:09
  recommended on hope.com. Strategies Bitcoin website is
• 27:12
  one of the first five books that would have ever put up there.
• 27:16
  The second one is called Bitcoin Independence Reimagined.
• 27:18
  It's my least the famous one, I guess.
• 27:21
  The third one is Bitcoin everything divided by 21
• 27:23
  million. The 1st 4th one about Bitcoin is
• 27:27
  a Bitcoin inverse of Clown World Co written by Luke Dwolf.
• 27:30
  And then there's the praxeology, The invisible hand that feeds
• 27:34
  you, which is my attempt at condensing Mises into 200 pages.
• 27:38
  Absolutely. Knuts Fanholm, thank you so much
• 27:40
  for joining me. Thank you, Uncle I.
• 27:41
  Appreciate it. Thank you, Uncle Knut.