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Transcript: A Pioneer's Pioneer with David Bennett | BTP Episode 24

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1. bugle-ingest[bot] 2026-08-12 Ingest: 0 new episode(s) — raw sources + transcripts 32a9a2b
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   +---
   +title: "Transcript: A Pioneer's Pioneer with David Bennett | BTP Episode 24"
   +type: transcript
   +episode: a-pioneers-pioneer-with-david-bennett-btp-episode-24
   +generated: true
   +date: 2025-09-25
   +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/4L3NoskQ6STE1tGaNHdu/files/AUDIO---DEFAULT---26d1d0ce-3c4e-4ca7-8e57-78e1ae0efd89.mp3"
   +duration: "1:34:47"
   +sources:
   +  - raw/episodes/a-pioneers-pioneer-with-david-bennett-btp-episode-24/bundle.json
   +---
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2">0:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2" data-t="2">The world of Bitcoin news has collapsed into a hyper clickbait carnival.</span> <span class="cue" id="t-7" data-t="7">Open mouth thumbnails.</span> <span class="cue" id="t-10" data-t="10">TikTok macro with Ghibli Field m two charts.</span> <span class="cue" id="t-14" data-t="14">It takes so bad you think they came from Mike Alfred or Gary Cardone.</span> <span class="cue" id="t-20" data-t="20">Meanwhile, voices of signal are being buried under a Rizzo Slop engineered to deliver the idiocracy prophecy right on schedule.</span> <span class="cue" id="t-28" data-t="28">The pioneers</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-29">0:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-29" data-t="29">are sitting on the sidelines watching the plebs slurp down nothing burger announcements</span> <span class="cue" id="t-34" data-t="34">and watering their plants with Gatorade.</span> <span class="cue" id="t-37" data-t="37">Feeling isolated,</span> <span class="cue" id="t-39" data-t="39">exhausted,</span> <span class="cue" id="t-40" data-t="40">invisible,</span> <span class="cue" id="t-41" data-t="41">calloused from worn down demoralizing</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-44">0:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-44" data-t="44">UX, even the proudest pioneers are finding themselves second guessing the game theory.</span> <span class="cue" id="t-49" data-t="49">Group chats consumed by pioneer sanity checks are becoming reluctant aggregators of screeds</span> <span class="cue" id="t-56" data-t="56">from uninspired grifters.</span> <span class="cue" id="t-58" data-t="58">After fearing the worst, fearing that this might be a civil spoofing attack, the intellectual Silk Road has begun preparing.</span> <span class="cue" id="t-66" data-t="66">Our guest today is the antithesis</span> <span class="cue" id="t-68" data-t="68">to the TikTok macro Tether friendly pepslop.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-72">1:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-72" data-t="72">For years, he has delivered some of the highest signal Bitcoin content you can actually find on his podcast,</span> <span class="cue" id="t-78" data-t="78">Bitcoin Amp.</span> <span class="cue" id="t-79" data-t="79">His name</span> <span class="cue" id="t-81" data-t="81">is none of your business.</span> <span class="cue" id="t-83" data-t="83">He doesn't rely</span> <span class="cue" id="t-84" data-t="84">CIA spam.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-86">1:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-86" data-t="86">He's a pioneer's pioneer.</span> <span class="cue" id="t-88" data-t="88">His podcast covers Bitcoin, Noster, agriculture,</span> <span class="cue" id="t-92" data-t="92">and doing the real work of building lasting value anchored by the sense of self respect that even Tylenol Max and broccoli haircuts can't generate with AI.</span> <span class="cue" id="t-102" data-t="102">Bitcoin</span> <span class="cue" id="t-103" data-t="103">and doesn't make you feel gaslit, patronized, or grumpy.</span> <span class="cue" id="t-107" data-t="107">It makes you hold your chest out, lift your head higher, and move with, dare I say,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-113">1:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-113" data-t="113">a flicker of purpose.</span> <span class="cue" id="t-115" data-t="115">He doesn't go to the studio to influence, but to inform.</span> <span class="cue" id="t-118" data-t="118">And just</span> <span class="cue" id="t-119" data-t="119">having dropped his one thousand one hundred and seventy fifth episode, joining us today is the one and only David Bennett.</span> <span class="cue" id="t-129" data-t="129">David, how are you doing tonight?</span> <span class="cue" id="t-131" data-t="131">Well, I'm just fine, Richard. So you just hit your one thousandth one hundred and seventy fifth</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-138">2:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-138" data-t="138">episode. You've been running for coming up on eight years straight.</span> <span class="cue" id="t-143" data-t="143">You're one of the longest running Bitcoin podcasters right now, I think.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-149">2:29</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-149" data-t="149">Yeah. Yeah. I I I do believe that that's true. I've been doing this for since 2018,</span> <span class="cue" id="t-157" data-t="157">somewhere in the neighborhood of</span> <span class="cue" id="t-160" data-t="160">October, October, somewhere around there.</span> <span class="cue" id="t-164" data-t="164">And,</span> <span class="cue" id="t-165" data-t="165">yeah,</span> <span class="cue" id="t-166" data-t="166">1,175</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-168">2:48</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-168" data-t="168">episodes as of</span> <span class="cue" id="t-171" data-t="171">today. That's</span> <span class="cue" id="t-173" data-t="173">that's a lot of me jawboning</span> <span class="cue" id="t-175" data-t="175">into a microphone. I'll say that.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-178">2:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-178" data-t="178">Well, I really appreciate</span> <span class="cue" id="t-181" data-t="181">all your hard work over these years as a long time podcast listener of yours.</span> <span class="cue" id="t-188" data-t="188">Bitcoin wouldn't</span> <span class="cue" id="t-189" data-t="189">be the place where it is today if it wasn't for podcasters like you.</span> <span class="cue" id="t-194" data-t="194">There's been a lot of grief in the podcasters,</span> <span class="cue" id="t-198" data-t="198">but you truly are the the pioneer's podcaster</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-201">3:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-201" data-t="201">in a lot of ways. You're a pioneer's pioneer.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-205">3:25</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-205" data-t="205">Well, I appreciate that too.</span> <span class="cue" id="t-208" data-t="208">The the the</span> <span class="cue" id="t-211" data-t="211">the whole reason that I started the podcast in the first place was</span> <span class="cue" id="t-215" data-t="215">I</span> <span class="cue" id="t-217" data-t="217">there's too much news</span> <span class="cue" id="t-218" data-t="218">that was going by,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-220">3:40</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-220" data-t="220">there was</span> <span class="cue" id="t-222" data-t="222">way too many changes coming on in the space, and the space included</span> <span class="cue" id="t-227" data-t="227">it's</span> <span class="cue" id="t-228" data-t="228">I mean, everything about Bitcoin</span> <span class="cue" id="t-230" data-t="230">is everything</span> <span class="cue" id="t-232" data-t="232">that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-233">3:53</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-233" data-t="233">I sort of was when I was in college,</span> <span class="cue" id="t-236" data-t="236">and what I mean by that is interdisciplinarian.</span> <span class="cue" id="t-241" data-t="241">If you're if you don't have an interdisciplinary</span> <span class="cue" id="t-243" data-t="243">mindset,</span> <span class="cue" id="t-244" data-t="244">this space</span> <span class="cue" id="t-246" data-t="246">will drive</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-247">4:07</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-247" data-t="247">you through</span> <span class="cue" id="t-248" data-t="248">the roof. It it'll it'll</span> <span class="cue" id="t-251" data-t="251">it just</span> <span class="cue" id="t-252" data-t="252">there's too much stuff.</span> <span class="cue" id="t-253" data-t="253">There's</span> <span class="cue" id="t-254" data-t="254">there's computer stuff.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-256">4:16</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-256" data-t="256">There's</span> <span class="cue" id="t-259" data-t="259">cypherpunk stuff, there's,</span> <span class="cue" id="t-266" data-t="266">macroeconomics,</span> <span class="cue" id="t-267" data-t="267">there's</span> <span class="cue" id="t-268" data-t="268">economics, there's</span> <span class="cue" id="t-271" data-t="271">it's like there's history, there's</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-274">4:34</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-274" data-t="274">the the thoughts of like, the the people that talk about,</span> <span class="cue" id="t-279" data-t="279">like,</span> <span class="cue" id="t-280" data-t="280">one of my pet peeves is new home new home builds.</span> <span class="cue" id="t-284" data-t="284">They all suck.</span> <span class="cue" id="t-286" data-t="286">And when you</span> <span class="cue" id="t-287" data-t="287">when you're just looking at that as without any other knowledge, other than the fact that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-293">4:53</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-293" data-t="293">some some houses that you see,</span> <span class="cue" id="t-296" data-t="296">you know, they're built well, you can just feel it in your bones. Other houses you see, you know, they're built like shit and one good puff from a fucking big, big, bad wolf is gonna blow it right over.</span> <span class="cue" id="t-307" data-t="307">And, but if that's all you're looking at, then you don't know why.</span> <span class="cue" id="t-313" data-t="313">And it comes back down to that the money got broke.</span> <span class="cue" id="t-316" data-t="316">So</span> <span class="cue" id="t-317" data-t="317">when you're looking at Bitcoin, you're looking at coding, and you're looking at</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-322">5:22</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-322" data-t="322">economics, and you're looking at all this stuff. And</span> <span class="cue" id="t-326" data-t="326">all of these sectors</span> <span class="cue" id="t-328" data-t="328">have news that goes with it.</span> <span class="cue" id="t-330" data-t="330">And nobody I could not find</span> <span class="cue" id="t-333" data-t="333">any podcast that would just sit down and read me the daily news.</span> <span class="cue" id="t-337" data-t="337">So I had to become the person</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-340">5:40</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-340" data-t="340">that I didn't want to actually be.</span> <span class="cue" id="t-342" data-t="342">I had to sit down,</span> <span class="cue" id="t-344" data-t="344">go through the news. I I'll like, I'll wake up in the morning. First thing I do</span> <span class="cue" id="t-349" data-t="349">get coffee, sit my happy ass down and start looking at what's bullshit</span> <span class="cue" id="t-353" data-t="353">And what's not bullshit,</span> <span class="cue" id="t-355" data-t="355">and then compile a list and then</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-358">5:58</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-358" data-t="358">cold read them</span> <span class="cue" id="t-360" data-t="360">on the podcast</span> <span class="cue" id="t-361" data-t="361">pretty much an hour or two hours later after I've set up the show.</span> <span class="cue" id="t-366" data-t="366">I've gotten good at cold reads.</span> <span class="cue" id="t-370" data-t="370">That's for certain, but I, you know, I'm always going to be struggling with</span> <span class="cue" id="t-374" data-t="374">all this stuff that I still don't know. Like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-380">6:20</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-380" data-t="380">the math behind the boat, you know, the long tail of</span> <span class="cue" id="t-384" data-t="384">bond yields,</span> <span class="cue" id="t-386" data-t="386">and then trying to suss out</span> <span class="cue" id="t-388" data-t="388">what the hell Michael Saylor doing with</span> <span class="cue" id="t-391" data-t="391">perpetual</span> <span class="cue" id="t-392" data-t="392">debt instrumentation.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-394">6:34</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-394" data-t="394">I would have never even been able to string those words together in a sentence</span> <span class="cue" id="t-399" data-t="399">fifteen years ago.</span> <span class="cue" id="t-401" data-t="401">And and now it's like all of us are, like,</span> <span class="cue" id="t-404" data-t="404">way ahead of our time in what we thought we would know about economics,</span> <span class="cue" id="t-408" data-t="408">computer code,</span> <span class="cue" id="t-410" data-t="410">how,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-412">6:52</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-412" data-t="412">asymmetric</span> <span class="cue" id="t-413" data-t="413">the hell am I trying to what is this?</span> <span class="cue" id="t-418" data-t="418">SHA two fifty six, that that entire</span> <span class="cue" id="t-421" data-t="421">realm of math.</span> <span class="cue" id="t-423" data-t="423">Do what?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-426">7:06</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-426" data-t="426">Asymmetric</span> <span class="cue" id="t-427" data-t="427">algebra,</span> <span class="cue" id="t-428" data-t="428">like asymmetric compliant or, cryptography?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-431">7:11</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-431" data-t="431">Yes. Thank you. Cryptography.</span> <span class="cue" id="t-433" data-t="433">I mean, it's like,</span> <span class="cue" id="t-435" data-t="435">you get into this thing, and all of a sudden, you see all these worlds that are just flashing by you.</span> <span class="cue" id="t-440" data-t="440">And it's hard to keep up. And that's what I wanted. I wanted to keep up, but I didn't wanna sit down and actually go through all the news and figure out what was crap and what what wasn't,</span> <span class="cue" id="t-451" data-t="451">but that didn't exist.</span> <span class="cue" id="t-453" data-t="453">I had to do it. So I got to do the exact thing that I didn't ever really wanna do.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-460">7:40</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-460" data-t="460">And I've been doing it since 2018.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-463">7:43</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-463" data-t="463">You became a journalist.</span> <span class="cue" id="t-466" data-t="466">Kind of. You, me, you you were the result of podcast journalism.</span> <span class="cue" id="t-471" data-t="471">And when you back when you needed it, when you were looking for it, because you talked about it because so,</span> <span class="cue" id="t-477" data-t="477">I think this is kind of analogous to,</span> <span class="cue" id="t-480" data-t="480">martial arts because for most of human history and really until the early 90s it was you had the kung fu fighters and you had the judo in this part of the world and you had the jiu jitsu practitioners and you had karate and you had kung fu</span> <span class="cue" id="t-496" data-t="496">and you had wrestling in Iowa.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-499">8:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-499" data-t="499">And everybody they fought each other, they they trained with each other, they</span> <span class="cue" id="t-504" data-t="504">but you know their community was very tight it was isolated. And that was like similar to Bitcoin podcasters. You had people who were talking about privacy or they were talking about the Cypherpunk's history, or they were talking about the c plus plus and the GameFitter and the protocol changes,</span> <span class="cue" id="t-519" data-t="519">or they were talking about, you know,</span> <span class="cue" id="t-521" data-t="521">macroeconomics</span> <span class="cue" id="t-522" data-t="522">price predictions.</span> <span class="cue" id="t-523" data-t="523">But these, like, there was not enough</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-527">8:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-527" data-t="527">the network wasn't big enough, so these macro podcasters were not crossing paths</span> <span class="cue" id="t-532" data-t="532">with the optech podcasters.</span> <span class="cue" id="t-534" data-t="534">The entropy was there was too much entropy. There was there was no,</span> <span class="cue" id="t-538" data-t="538">synergy.</span> <span class="cue" id="t-540" data-t="540">And they they started to come and the network got bigger and bigger and now it's like all this big giant,</span> <span class="cue" id="t-545" data-t="545">industry where you could have a philosopher talking to,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-550">9:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-550" data-t="550">you know, a hacker,</span> <span class="cue" id="t-551" data-t="551">on the on the same podcast two different times in the week you have, you know,</span> <span class="cue" id="t-555" data-t="555">all this happening.</span> <span class="cue" id="t-557" data-t="557">How did you get</span> <span class="cue" id="t-559" data-t="559">signal outside of your</span> <span class="cue" id="t-561" data-t="561">narrow</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-563">9:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-563" data-t="563">focus of your podcast</span> <span class="cue" id="t-565" data-t="565">to</span> <span class="cue" id="t-566" data-t="566">to kind of build upon what you were talking about and and gain legitimacy?</span> <span class="cue" id="t-571" data-t="571">I</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-573">9:33</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-573" data-t="573">at in the early days, I was glued to Bitcoin Twitter like everybody else was and where many people still are.</span> <span class="cue" id="t-583" data-t="583">Because as</span> <span class="cue" id="t-584" data-t="584">as these stories</span> <span class="cue" id="t-586" data-t="586">you</span> <span class="cue" id="t-587" data-t="587">know, as the stories that that I find</span> <span class="cue" id="t-590" data-t="590">in</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-591">9:51</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-591" data-t="591">that I'm bringing to the podcast,</span> <span class="cue" id="t-594" data-t="594">there are</span> <span class="cue" id="t-596" data-t="596">a whole host of people that are talking about those same stories</span> <span class="cue" id="t-600" data-t="600">that add layers of context.</span> <span class="cue" id="t-604" data-t="604">And as I go through the stories that I'm reading, I'm also picking up context from the people that are also looking at some of these at at not these particular</span> <span class="cue" id="t-613" data-t="613">stories, but</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-616">10:16</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-616" data-t="616">the content, like,</span> <span class="cue" id="t-618" data-t="618">you know, like when, Michael Saylor announced, you know, perpetual</span> <span class="cue" id="t-624" data-t="624">the the perpetual debt instrumentation</span> <span class="cue" id="t-627" data-t="627">stuff,</span> <span class="cue" id="t-628" data-t="628">you're picking up signals from, you know,</span> <span class="cue" id="t-632" data-t="632">ten, fifteen, 25 different people that you've come to respect.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-637">10:37</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-637" data-t="637">And you're synthesizing</span> <span class="cue" id="t-638" data-t="638">all that information along with what you think about it, along with what's being written about it. And that's sort of that's sort of the way that I structure</span> <span class="cue" id="t-648" data-t="648">the show.</span> <span class="cue" id="t-649" data-t="649">And I it's not like I'm</span> <span class="cue" id="t-651" data-t="651">it will be the case that every once in a while, I'll reach out. I'll go grab a tweet, and I'll read the tweet directly because it's, like, really impactful to a story that I'm reading. But I don't actually do that all that often.</span> <span class="cue" id="t-662" data-t="662">It's just sort of this</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-664">11:04</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-664" data-t="664">amorphous</span> <span class="cue" id="t-666" data-t="666">mass that just kind of appears</span> <span class="cue" id="t-668" data-t="668">as I'm setting up the show.</span> <span class="cue" id="t-671" data-t="671">And I'll sometimes I'll start setting up the show the night before if something's, like, really heavy is about to drop, and then I'll start looking at what people are saying about it. Then I'll start looking at the news stories about it and then pick out,</span> <span class="cue" id="t-683" data-t="683">you know, a new story that's that's not gonna waste anybody's time. Or at least I I try. There there are times I'll pick up a story that's just crap and</span> <span class="cue" id="t-691" data-t="691">it happens. I mean,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-693">11:33</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-693" data-t="693">I do it five times a week. They're not all gonna be good.</span> <span class="cue" id="t-697" data-t="697">So,</span> <span class="cue" id="t-698" data-t="698">but</span> <span class="cue" id="t-699" data-t="699">that's</span> <span class="cue" id="t-701" data-t="701">the signal that I'm, I'm collecting up comes from a lot of different places</span> <span class="cue" id="t-706" data-t="706">and I've, I've,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-707">11:47</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-707" data-t="707">I've gotten,</span> <span class="cue" id="t-709" data-t="709">I don't know, kinda good at</span> <span class="cue" id="t-712" data-t="712">being a synthesizer for that</span> <span class="cue" id="t-715" data-t="715">to kinda boil away all the water</span> <span class="cue" id="t-717" data-t="717">so that you're just left with this nice delicious</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-721">12:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-721" data-t="721">beef stock. Right? Being able to use multiple sources and synthesize</span> <span class="cue" id="t-726" data-t="726">information and and and have the intuition to be able to decipher</span> <span class="cue" id="t-730" data-t="730">the</span> <span class="cue" id="t-732" data-t="732">the signal from the noise, I think, is a very important skill set to have.</span> <span class="cue" id="t-737" data-t="737">It's continuously going more growing more and more important.</span> <span class="cue" id="t-744" data-t="744">So I wanna get your take. So this week was a big week for announcements.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-750">12:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-750" data-t="750">It's a very big week for announcements.</span> <span class="cue" id="t-753" data-t="753">Donald Trump,</span> <span class="cue" id="t-757" data-t="757">issued an executive order naming,</span> <span class="cue" id="t-759" data-t="759">September 23</span> <span class="cue" id="t-761" data-t="761">announcement day in honor of Dennis Porter.</span> <span class="cue" id="t-765" data-t="765">America politics</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-766">12:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-766" data-t="766">will never be</span> <span class="cue" id="t-768" data-t="768">the the same</span> <span class="cue" id="t-769" data-t="769">ever again.</span> <span class="cue" id="t-771" data-t="771">What what are your thoughts on what's transpired this week?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-775">12:55</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-775" data-t="775">Complete and utter bullshit.</span> <span class="cue" id="t-777" data-t="777">And that</span> <span class="cue" id="t-779" data-t="779">a stupe defying failure</span> <span class="cue" id="t-782" data-t="782">of respect for one's own</span> <span class="cue" id="t-785" data-t="785">reputation in a space.</span> <span class="cue" id="t-787" data-t="787">If I had to boil it down, that'd be it. Dennis. Yeah. Dennis Porter is,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-793">13:13</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-793" data-t="793">he has a very resilient,</span> <span class="cue" id="t-795" data-t="795">reputation.</span> <span class="cue" id="t-797" data-t="797">He you know, for some people, this was their first</span> <span class="cue" id="t-801" data-t="801">announcement, but this this was not my first announce Dennis Porter announcement.</span> <span class="cue" id="t-805" data-t="805">I had followed Dennis Porter closely, Ayo, and</span> <span class="cue" id="t-809" data-t="809">we have been covering him and really spotlighting</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-812">13:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-812" data-t="812">Dennis</span> <span class="cue" id="t-813" data-t="813">at the Bugle since</span> <span class="cue" id="t-815" data-t="815">late two thousand twenty three. And I encourage anybody to go back and and look for all the content, and you'll see what I'm talking about. But</span> <span class="cue" id="t-822" data-t="822">all</span> <span class="cue" id="t-824" data-t="824">I will say about Dennis is we have not listened to him announce his last announcement. He will be back and he will</span> <span class="cue" id="t-831" data-t="831">be announcing more things than ever. But I am curious to go back to your journey as a podcaster.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-839">13:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-839" data-t="839">Maybe if, you know, if if we came in later than you did, maybe around COVID, maybe we're just we don't remember because we weren't Orangeville back then, but there just seemed like there was way fewer announcements</span> <span class="cue" id="t-850" data-t="850">a few years ago. And especially before it's like, what was it like podcasting and going through like going down the rabbit hole</span> <span class="cue" id="t-857" data-t="857">back before</span> <span class="cue" id="t-859" data-t="859">there were so many announcements. I mean, nowadays you getting weird. We're getting multiple announcements a week. Back then it could have been months between announcements.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-868">14:28</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-868" data-t="868">But there wasn't months between announcements because we had a gentleman</span> <span class="cue" id="t-873" data-t="873">by the name of Justin Sun.</span> <span class="cue" id="t-875" data-t="875">And I don't know if you're familiar with the man that is the legend that is the Justin of the Sun,</span> <span class="cue" id="t-881" data-t="881">but that son of a bitch is the master</span> <span class="cue" id="t-884" data-t="884">of the announcement</span> <span class="cue" id="t-885" data-t="885">of the announcement</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-887">14:47</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-887" data-t="887">of the announcement.</span> <span class="cue" id="t-888" data-t="888">He had that shit down pat.</span> <span class="cue" id="t-891" data-t="891">And what really sucks about</span> <span class="cue" id="t-894" data-t="894">having</span> <span class="cue" id="t-895" data-t="895">Dennis Porter take his place</span> <span class="cue" id="t-897" data-t="897">is that Justin Sun was much more fun about it. He was much more tongue in cheek about it. He had a a way of making an announcement where you knew, he knew it was bullshit.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-912">15:12</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-912" data-t="912">And we loved him for it. Even though he's a shit coiner.</span> <span class="cue" id="t-916" data-t="916">Dennis Porter,</span> <span class="cue" id="t-918" data-t="918">not so much. Because when Justin Sun was doing it, it was more of an, it was an innocent time back then. It was,</span> <span class="cue" id="t-926" data-t="926">we were all virgins</span> <span class="cue" id="t-927" data-t="927">in the announcement space,</span> <span class="cue" id="t-929" data-t="929">and people weren't getting paid oodles of cash to have</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-933">15:33</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-933" data-t="933">shit tons of followers on Twitter.</span> <span class="cue" id="t-935" data-t="935">Justin Sun had shit tons of followers on Twitter, still does,</span> <span class="cue" id="t-939" data-t="939">and he's probably getting paid now. But back in the day,</span> <span class="cue" id="t-942" data-t="942">no. No. No. No. No. No. He he wasn't getting paid shit. He if he was getting paid shit, it was definitely not by Twitter. He was</span> <span class="cue" id="t-950" data-t="950">he was</span> <span class="cue" id="t-951" data-t="951">chilling as crap and he was getting millions of dollars for it. I mean, he's, he's doing okay.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-956">15:56</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-956" data-t="956">But at the time, he wasn't doing it the way that we see</span> <span class="cue" id="t-961" data-t="961">Bitcoin,</span> <span class="cue" id="t-962" data-t="962">Twitter</span> <span class="cue" id="t-964" data-t="964">personalities</span> <span class="cue" id="t-965" data-t="965">that are now doing it.</span> <span class="cue" id="t-967" data-t="967">And</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-968">16:08</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-968" data-t="968">it's, it's kind of grotesque</span> <span class="cue" id="t-971" data-t="971">to watch it play out in real time. It's</span> <span class="cue" id="t-974" data-t="974">sort of like watching</span> <span class="cue" id="t-976" data-t="976">somebody gut a deer</span> <span class="cue" id="t-977" data-t="977">when you really have a problem watching blood, you know, it's just</span> <span class="cue" id="t-982" data-t="982">Yeah. Ugly. It's nasty. It's not gonna stop. But,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-986">16:26</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-986" data-t="986">hats off to Justin Sun</span> <span class="cue" id="t-989" data-t="989">for being the progenitor of that which is the Bitcoin announcement.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-994">16:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-994" data-t="994">Yo. I think maybe one of the differences between Justin</span> <span class="cue" id="t-998" data-t="998">and Dennis is, like, it's one thing</span> <span class="cue" id="t-1003" data-t="1003">to sell out, you know, and and and do announcements for shit coins and do announcements for, like, these big crypto</span> <span class="cue" id="t-1010" data-t="1010">conglomerates.</span> <span class="cue" id="t-1011" data-t="1011">You know, it's, you know, it pays well. It's just like, I wouldn't have taken out. It's another thing</span> <span class="cue" id="t-1016" data-t="1016">to,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1018">16:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1018" data-t="1018">to give your announcements to politicians and like government people and like stable coin legislation. And so it's, you know, people, one of the things that we all hope is that the announcement is bullish. No matter what it is, we hope the announcement is bullish because we love bullish announcements. But when</span> <span class="cue" id="t-1035" data-t="1035">when it's not bullish</span> <span class="cue" id="t-1037" data-t="1037">and and it's, you know,</span> <span class="cue" id="t-1040" data-t="1040">it's wasted on a politician or wasted on some kind of, like, lame government policy.</span> <span class="cue" id="t-1045" data-t="1045">It it really just debases and and,</span> <span class="cue" id="t-1048" data-t="1048">you know, waters down the value of the announcements.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1051">17:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1051" data-t="1051">And we used to live and die by the announcements.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1056">17:36</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1056" data-t="1056">Yes. Yes. We did.</span> <span class="cue" id="t-1058" data-t="1058">And what's interesting about this particular</span> <span class="cue" id="t-1061" data-t="1061">situation</span> <span class="cue" id="t-1063" data-t="1063">is that</span> <span class="cue" id="t-1064" data-t="1064">the politician in question,</span> <span class="cue" id="t-1066" data-t="1066">Ian Calderon,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1068">17:48</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1068" data-t="1068">has</span> <span class="cue" id="t-1070" data-t="1070">16.6%</span> <span class="cue" id="t-1073" data-t="1073">of the followers that Dennis Porter has.</span> <span class="cue" id="t-1076" data-t="1076">I I find these numbers staggering,</span> <span class="cue" id="t-1079" data-t="1079">and it turns out that Ian Calderon and Dennis Porter</span> <span class="cue" id="t-1083" data-t="1083">worked together</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1085">18:05</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1085" data-t="1085">at Satoshi Action Fund, and that's how they know each other.</span> <span class="cue" id="t-1089" data-t="1089">And so I got somebody with a quarter million followers,</span> <span class="cue" id="t-1093" data-t="1093">shilling a complete unknown</span> <span class="cue" id="t-1095" data-t="1095">in a gubernatorial</span> <span class="cue" id="t-1096" data-t="1096">race in the largest state, most populous state in The United States, California.</span> <span class="cue" id="t-1101" data-t="1101">He ain't got a hope in hell.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1104">18:24</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1104" data-t="1104">It's not gonna happen.</span> <span class="cue" id="t-1106" data-t="1106">And the fact that that he's doing</span> <span class="cue" id="t-1108" data-t="1108">he's just</span> <span class="cue" id="t-1110" data-t="1110">doing</span> <span class="cue" id="t-1111" data-t="1111">the,</span> <span class="cue" id="t-1112" data-t="1112">I like Bitcoin.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1113">18:33</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1113" data-t="1113">Therefore you should like me.</span> <span class="cue" id="t-1115" data-t="1115">It's not going to work this time.</span> <span class="cue" id="t-1118" data-t="1118">It's just not, he's not going to be, he's not going to even make it, make it out of the primary.</span> <span class="cue" id="t-1124" data-t="1124">And this is the nothing burger is, is like, it's</span> <span class="cue" id="t-1129" data-t="1129">a nothing burger filled</span> <span class="cue" id="t-1132" data-t="1132">with it's not even,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1133">18:53</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1133" data-t="1133">it's not even an empty bun. There's nothing there.</span> <span class="cue" id="t-1138" data-t="1138">It it's all it's all smoke and mirrors and bullshit. And I don't even know what either one of these guys are I mean, they know he can't win. So what</span> <span class="cue" id="t-1148" data-t="1148">what's really going on? Why the why this announcement? Why this this this connection between these two people?</span> <span class="cue" id="t-1156" data-t="1156">Something</span> <span class="cue" id="t-1157" data-t="1157">else is brewing under the under the, hood of this car.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1163">19:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1163" data-t="1163">This is the first</span> <span class="cue" id="t-1164" data-t="1164">politician that Dennis Porter has ever</span> <span class="cue" id="t-1167" data-t="1167">officially endorsed,</span> <span class="cue" id="t-1169" data-t="1169">and this is why</span> <span class="cue" id="t-1170" data-t="1170">this could be a game changer.</span> <span class="cue" id="t-1173" data-t="1173">With the ability</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1175">19:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1175" data-t="1175">to get this many announcements out about when you get your name out there, Ian Calderon, make you,</span> <span class="cue" id="t-1182" data-t="1182">controversial,</span> <span class="cue" id="t-1184" data-t="1184">make you,</span> <span class="cue" id="t-1185" data-t="1185">tie you to this nothing bird or meme.</span> <span class="cue" id="t-1188" data-t="1188">Dennis Porter,</span> <span class="cue" id="t-1190" data-t="1190">his,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1192">19:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1192" data-t="1192">his ways are mysterious</span> <span class="cue" id="t-1194" data-t="1194">sometimes,</span> <span class="cue" id="t-1195" data-t="1195">and they are unconventional</span> <span class="cue" id="t-1197" data-t="1197">to say the least.</span> <span class="cue" id="t-1199" data-t="1199">But</span> <span class="cue" id="t-1200" data-t="1200">people do talk about bipartisan Bitcoin legislation</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1204">20:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1204" data-t="1204">and strategic reserves in large part to Dennis's announcements. So me and maybe Ian Calderon is,</span> <span class="cue" id="t-1210" data-t="1210">you know,</span> <span class="cue" id="t-1212" data-t="1212">it's an unconventional political strategy, but these are unconventional</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1215">20:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1215" data-t="1215">political times. I I do wanna make a correction real quick. This is,</span> <span class="cue" id="t-1219" data-t="1219">at least the second politician that I know of that Dennis has,</span> <span class="cue" id="t-1224" data-t="1224">endorsed, but this is the first politician in a long time.</span> <span class="cue" id="t-1228" data-t="1228">And this is the first politician since he's passed a bunch of pro Bitcoin legislation.</span> <span class="cue" id="t-1234" data-t="1234">So it's</span> <span class="cue" id="t-1237" data-t="1237">in in some ways, it's like a new first, even though it's not the first.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1241">20:41</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1241" data-t="1241">It's a new first.</span> <span class="cue" id="t-1244" data-t="1244">It's a brand new first</span> <span class="cue" id="t-1246" data-t="1246">because that other first fuck that other first. Let's get this new first going on. Maybe this one will be better. Yeah. We'll have to see. I mean,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1254">20:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1254" data-t="1254">I think one thing that we all know is that Californians</span> <span class="cue" id="t-1257" data-t="1257">don't largely listen to forty hours of BigQuery podcast a week.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1262">21:02</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1262" data-t="1262">No. They're</span> <span class="cue" id="t-1264" data-t="1264">way too more they're way too concerned about the price of gas and</span> <span class="cue" id="t-1268" data-t="1268">the fact that their state has fallen on hard times. I feel bad for them. I really do.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1276">21:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1276" data-t="1276">What is it? I mean, maybe you can answer this. What is it like to live</span> <span class="cue" id="t-1281" data-t="1281">in, you know, a a relatively</span> <span class="cue" id="t-1283" data-t="1283">conservative</span> <span class="cue" id="t-1284" data-t="1284">part of a a liberal loony state?</span> <span class="cue" id="t-1287" data-t="1287">Oh, god. It's so weird. So like, you know, yeah, it's like if you live outside Los Angeles, if you live, you know,</span> <span class="cue" id="t-1293" data-t="1293">in Martin Luther Moore world parts, industrious parts of California,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1298">21:38</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1298" data-t="1298">a lot of those people did not sign up for the ride that they've been on, you know, and it's just, you know, what's it like being in that</span> <span class="cue" id="t-1305" data-t="1305">where your consensus is controlled by loons?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1309">21:49</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1309" data-t="1309">Well,</span> <span class="cue" id="t-1310" data-t="1310">out here in Eastern Washington State, and if you just look at Washington State by itself,</span> <span class="cue" id="t-1316" data-t="1316">it's a loony bin.</span> <span class="cue" id="t-1318" data-t="1318">I mean,</span> <span class="cue" id="t-1319" data-t="1319">as a whole.</span> <span class="cue" id="t-1320" data-t="1320">Right?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1321">22:01</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1321" data-t="1321">You had</span> <span class="cue" id="t-1322" data-t="1322">legislation was trying to get is is still trying to get passed, or it may have even been passed,</span> <span class="cue" id="t-1328" data-t="1328">where new restaurants can't have gas ovens and gas gas stoves.</span> <span class="cue" id="t-1334" data-t="1334">I mean, I don't know if you've if</span> <span class="cue" id="t-1337" data-t="1337">if you've ever</span> <span class="cue" id="t-1339" data-t="1339">cooked for a large amount of people,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1341">22:21</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1341" data-t="1341">electric is just is just not gonna do it. You you need gas.</span> <span class="cue" id="t-1346" data-t="1346">There was a literally a war on natural gas.</span> <span class="cue" id="t-1349" data-t="1349">I did</span> <span class="cue" id="t-1351" data-t="1351">a a two out two and a half hour interview with a lawyer for a cattle ranch out in Central Washington</span> <span class="cue" id="t-1359" data-t="1359">that</span> <span class="cue" id="t-1360" data-t="1360">is being railroaded by the</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1364">22:44</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1364" data-t="1364">two state two Washington state,</span> <span class="cue" id="t-1368" data-t="1368">entities, the environment their version of the Environmental Protection Agency</span> <span class="cue" id="t-1373" data-t="1373">and something else.</span> <span class="cue" id="t-1374" data-t="1374">And they've destroyed that ranch.</span> <span class="cue" id="t-1376" data-t="1376">They may not win, but the amount of money that these people have had to expend to try to defend themselves against these bogus</span> <span class="cue" id="t-1383" data-t="1383">this bogus litigation,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1386">23:06</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1386" data-t="1386">is probably going to</span> <span class="cue" id="t-1388" data-t="1388">run a sixth generation ranch,</span> <span class="cue" id="t-1391" data-t="1391">under.</span> <span class="cue" id="t-1393" data-t="1393">And</span> <span class="cue" id="t-1394" data-t="1394">I see</span> <span class="cue" id="t-1396" data-t="1396">all around me some of the dumbest shit that I've ever seen.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1401">23:21</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1401" data-t="1401">And yet, where I live,</span> <span class="cue" id="t-1404" data-t="1404">even though it's a small town,</span> <span class="cue" id="t-1408" data-t="1408">the town itself</span> <span class="cue" id="t-1410" data-t="1410">is just as stupid.</span> <span class="cue" id="t-1412" data-t="1412">But if I walk or or</span> <span class="cue" id="t-1415" data-t="1415">drive my car</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1417">23:37</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1417" data-t="1417">10 miles in any direction outside of the city limits,</span> <span class="cue" id="t-1421" data-t="1421">I'm right next to people that I left</span> <span class="cue" id="t-1425" data-t="1425">in West Texas.</span> <span class="cue" id="t-1428" data-t="1428">Heavy conservative,</span> <span class="cue" id="t-1430" data-t="1430">tired of the bullshit,</span> <span class="cue" id="t-1433" data-t="1433">leave me alone,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1434">23:54</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1434" data-t="1434">stop stealing my crap,</span> <span class="cue" id="t-1436" data-t="1436">And what you get is these two worlds that</span> <span class="cue" id="t-1441" data-t="1441">it's like oil and water, and they keep trying to mix.</span> <span class="cue" id="t-1444" data-t="1444">It doesn't mix.</span> <span class="cue" id="t-1447" data-t="1447">It's just this slop.</span> <span class="cue" id="t-1449" data-t="1449">Right?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1450">24:10</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1450" data-t="1450">And I like, I've driven through,</span> <span class="cue" id="t-1452" data-t="1452">you know, I've</span> <span class="cue" id="t-1454" data-t="1454">I've hung out in</span> <span class="cue" id="t-1456" data-t="1456">LA when I was a teenager for a little while.</span> <span class="cue" id="t-1460" data-t="1460">And I finally got my fill of that crap, and that was a long time ago, so it wasn't as bad as it is now. And I drove through Needles, California</span> <span class="cue" id="t-1468" data-t="1468">and stopped at a diner, and everybody is completely different.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1472">24:32</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1472" data-t="1472">It's a completely different scene.</span> <span class="cue" id="t-1474" data-t="1474">So one of the things that that I think we really do need to back up and and and think about</span> <span class="cue" id="t-1480" data-t="1480">is when we</span> <span class="cue" id="t-1482" data-t="1482">say things like Illinois</span> <span class="cue" id="t-1484" data-t="1484">is a blue state,</span> <span class="cue" id="t-1486" data-t="1486">no. Chicago</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1488">24:48</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1488" data-t="1488">is blue.</span> <span class="cue" id="t-1491" data-t="1491">If you get outside of Chicago</span> <span class="cue" id="t-1493" data-t="1493">into the farmland,</span> <span class="cue" id="t-1495" data-t="1495">you're gonna end up talking to the exact same kind of people that you talk to in West Texas,</span> <span class="cue" id="t-1500" data-t="1500">the exact same kind of people that you talk to in Eastern Washington,</span> <span class="cue" id="t-1503" data-t="1503">the same exact people that you talk to need talk to in Needles, California.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1508">25:08</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1508" data-t="1508">They Right. Wanna be left alone. And so it's</span> <span class="cue" id="t-1512" data-t="1512">it's hard to live in a place that has</span> <span class="cue" id="t-1517" data-t="1517">these, you know, two completely different sides and watching them collide with each other all the time. And at one point or another, something's gonna break loose. I just don't know what, and I don't know when.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1529">25:29</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1529" data-t="1529">Yo.</span> <span class="cue" id="t-1530" data-t="1530">So we we would talk a little bit about the most of the new announcements are coming on accident and these higher level or mainstream social media platforms,</span> <span class="cue" id="t-1540" data-t="1540">but not you're on Nostr,</span> <span class="cue" id="t-1543" data-t="1543">and we're on Nostr as well. And one of the things that, you know, I it's very difficult to kinda describe what Nostr is in, like,</span> <span class="cue" id="t-1551" data-t="1551">these other social terms, but one way I think kind of fits is like Nostra is kind of like the West Texas, the Eastern Washington</span> <span class="cue" id="t-1558" data-t="1558">of, of social media. And it's like a little slower, a little bit more,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1564">26:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1564" data-t="1564">a little bit more conservative, but it's a little it's</span> <span class="cue" id="t-1567" data-t="1567">not quite as</span> <span class="cue" id="t-1568" data-t="1568">crowded.</span> <span class="cue" id="t-1569" data-t="1569">And it</span> <span class="cue" id="t-1572" data-t="1572">it it just seems like</span> <span class="cue" id="t-1575" data-t="1575">one of the things I'm talking to, this isn't really my opinion, of people on there is they kinda they came to Noster because they were sick of Twitter being woke, and they're worried that that Jack Dorsey is gonna come out to, you know, West Texas and try to make it woke. He's gonna come and try to make Noster woke. Do you worry about anything like that ever happening?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1594">26:34</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1594" data-t="1594">I don't. I I I don't in any way, shape or form. I I don't think</span> <span class="cue" id="t-1601" data-t="1601">I mean, you know, in in reality, if I if I go back and I start looking at, you know, if I go back and I I if I were to go and look at,</span> <span class="cue" id="t-1611" data-t="1611">Jack Dorsey's</span> <span class="cue" id="t-1612" data-t="1612">Noster</span> <span class="cue" id="t-1613" data-t="1613">profile right now,</span> <span class="cue" id="t-1615" data-t="1615">he doesn't post a lot.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1618">26:58</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1618" data-t="1618">He he he posts every once in a while, but he's not he's not all over it like he was at first.</span> <span class="cue" id="t-1625" data-t="1625">I don't you know, and I'm not gonna conjecture why. I I would chalk it up to the fact that the guy's probably busy. Right?</span> <span class="cue" id="t-1632" data-t="1632">He did his bit for king and country when, you know, he he, you know, started talking about it on Twitter, and he talked about it in,</span> <span class="cue" id="t-1641" data-t="1641">some print interviews. And I think he did, like, he</span> <span class="cue" id="t-1644" data-t="1644">in</span> <span class="cue" id="t-1645" data-t="1645">obviously, in a few podcasts, he talked about it.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1648">27:28</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1648" data-t="1648">But I haven't really seen him,</span> <span class="cue" id="t-1651" data-t="1651">like, I don't know,</span> <span class="cue" id="t-1653" data-t="1653">release a an upgrade to the protocol that says blue hairs come here.</span> <span class="cue" id="t-1659" data-t="1659">I don't think he gives a shit. I I I don't know. I've never met the man,</span> <span class="cue" id="t-1664" data-t="1664">but I I don't think he's as I don't think he's as woke as people think he is. I I I don't know why I say that considering that I've never really talked to him,</span> <span class="cue" id="t-1674" data-t="1674">But some of the things that I've heard him say</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1677">27:57</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1677" data-t="1677">leads me to believe that</span> <span class="cue" id="t-1680" data-t="1680">he just doesn't give that much of a shit about it as</span> <span class="cue" id="t-1684" data-t="1684">as much as the people that Elon Musk fired out of Twitter.</span> <span class="cue" id="t-1689" data-t="1689">I because he got I mean, that boy came in there and he cleaned house. I'm not a big I'm not the biggest fan of Elon either, but</span> <span class="cue" id="t-1696" data-t="1696">what Twitter turned into</span> <span class="cue" id="t-1699" data-t="1699">was clearly</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1701">28:21</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1701" data-t="1701">something</span> <span class="cue" id="t-1703" data-t="1703">that was</span> <span class="cue" id="t-1704" data-t="1704">just terrible.</span> <span class="cue" id="t-1705" data-t="1705">It just got so bad</span> <span class="cue" id="t-1708" data-t="1708">during and and and then immediately after the COVID thing</span> <span class="cue" id="t-1712" data-t="1712">that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1713">28:33</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1713" data-t="1713">I was almost kinda relieved</span> <span class="cue" id="t-1715" data-t="1715">that they kicked me off Twitter when they did.</span> <span class="cue" id="t-1718" data-t="1718">And</span> <span class="cue" id="t-1719" data-t="1719">I try I did try to get back on a couple of times. I think I burned</span> <span class="cue" id="t-1723" data-t="1723">through five,</span> <span class="cue" id="t-1725" data-t="1725">four, four accounts.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1728">28:48</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1728" data-t="1728">I burned four accounts trying to get back on, and I finally gave up. And that was at at the exact same time, that was when Nostra</span> <span class="cue" id="t-1735" data-t="1735">first came on my radar,</span> <span class="cue" id="t-1737" data-t="1737">and that was</span> <span class="cue" id="t-1738" data-t="1738">2022.</span> <span class="cue" id="t-1740" data-t="1740">I think I woke I think I woke up</span> <span class="cue" id="t-1743" data-t="1743">New Year's Day twenty twenty two, and my account was gone.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1748">29:08</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1748" data-t="1748">And I had old like, I'd like, I</span> <span class="cue" id="t-1752" data-t="1752">had tried to get back on a few times,</span> <span class="cue" id="t-1754" data-t="1754">spent that year just taking a break, and then</span> <span class="cue" id="t-1757" data-t="1757">Noster</span> <span class="cue" id="t-1758" data-t="1758">comes on my radar.</span> <span class="cue" id="t-1760" data-t="1760">I get</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1761">29:21</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1761" data-t="1761">my in pub spun up by one of or in second in pub spun up by one of the earliest,</span> <span class="cue" id="t-1767" data-t="1767">Noster</span> <span class="cue" data-t="1767">clients that there was.</span> <span class="cue" id="t-1770" data-t="1770">And I really</span> <span class="cue" id="t-1772" data-t="1772">I looked back a couple of times.</span> <span class="cue" id="t-1775" data-t="1775">I I do still have an active Twitter account. It's not like it was.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1779">29:39</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1779" data-t="1779">I spend most of my time on Nostr,</span> <span class="cue" id="t-1782" data-t="1782">but here's the thing.</span> <span class="cue" id="t-1786" data-t="1786">Jack Dorsey involved or not?</span> <span class="cue" id="t-1789" data-t="1789">I I don't I don't even look at it because</span> <span class="cue" id="t-1792" data-t="1792">if I</span> <span class="cue" id="t-1794" data-t="1794">if I wake up and I start scanning</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1797">29:57</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1797" data-t="1797">Twitter first,</span> <span class="cue" id="t-1799" data-t="1799">I'm almost immediately in a bad mood.</span> <span class="cue" id="t-1802" data-t="1802">Almost immediately.</span> <span class="cue" id="t-1804" data-t="1804">If I look at Nostra first,</span> <span class="cue" id="t-1807" data-t="1807">I'm completely neutral.</span> <span class="cue" id="t-1808" data-t="1808">It's</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1810">30:10</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1810" data-t="1810">it's a</span> <span class="cue" id="t-1812" data-t="1812">sea change</span> <span class="cue" id="t-1813" data-t="1813">of attitude</span> <span class="cue" id="t-1816" data-t="1816">because you you sorta are</span> <span class="cue" id="t-1818" data-t="1818">what you process.</span> <span class="cue" id="t-1820" data-t="1820">And if you're processing</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1822">30:22</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1822" data-t="1822">Dennis Porter's nothing burger,</span> <span class="cue" id="t-1825" data-t="1825">then you become the nothing burger. We are zen with Dennis Porter and his announcement.</span> <span class="cue" id="t-1830" data-t="1830">If I go over to Don Oster</span> <span class="cue" id="t-1832" data-t="1832">and I'm seeing people just basically shit posting all over each other, and every five, you know, noster notes is something that's actually really kind of thought provoking,</span> <span class="cue" id="t-1843" data-t="1843">I'm not in a bad mood</span> <span class="cue" id="t-1845" data-t="1845">because I I'm I'm waiting for people trying to be funny,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1849">30:49</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1849" data-t="1849">and at least one person has got something really nice to say. And</span> <span class="cue" id="t-1853" data-t="1853">it so I don't care if Jack Dorsey</span> <span class="cue" id="t-1856" data-t="1856">Jack Dorsey can try.</span> <span class="cue" id="t-1859" data-t="1859">He's not gonna succeed.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1861">31:01</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1861" data-t="1861">So Yeah.</span> <span class="cue" id="t-1863" data-t="1863">So, yeah, it's it's kind of a</span> <span class="cue" id="t-1866" data-t="1866">I do</span> <span class="cue" id="t-1868" data-t="1868">I'm conventional</span> <span class="cue" data-t="1868">way to advertise something, but it's it's like, you know,</span> <span class="cue" id="t-1872" data-t="1872">I like Nostra because when I open, I'm emotionally neutral.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1876">31:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1876" data-t="1876">I'm not going to get, like, excited or to get good news. I'm not or, you know, maybe I I am, and then I get there and everything is just so awful that it makes me grumpy.</span> <span class="cue" id="t-1885" data-t="1885">And that seems like that's where like every app you open now it's either you're hella for good news but it's probably gonna be so awful that it really makes you grumpy and ruins your day. And at least when you open Nostr,</span> <span class="cue" id="t-1894" data-t="1894">somebody tells you good morning and like</span> <span class="cue" id="t-1897" data-t="1897">you it's it's it slows down. You don't have to have an a dopamine</span> <span class="cue" id="t-1901" data-t="1901">immediate reaction. You don't have to get things worked up. So I think</span> <span class="cue" id="t-1906" data-t="1906">that's it.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1907">31:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1907" data-t="1907">My question would be then</span> <span class="cue" id="t-1910" data-t="1910">or do you have any regrets</span> <span class="cue" id="t-1912" data-t="1912">about going to Nostr only?</span> <span class="cue" id="t-1915" data-t="1915">Like,</span> <span class="cue" id="t-1916" data-t="1916">for example, do you feel like maybe you gave up the opportunity</span> <span class="cue" id="t-1921" data-t="1921">to become a paper Bitcoin Bitcoin Treasury Company podcaster because you were off Twitter and you were only on Noster.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1927">32:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1927" data-t="1927">Like, is that something that you, you think about? Like, what could have been like, you could have been, like, to Nakamoto</span> <span class="cue" id="t-1933" data-t="1933">or the, the one of the big paper Bitcoin podcasters?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1938">32:18</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1938" data-t="1938">Well, it's funny we talk about paper Bitcoin summer because,</span> <span class="cue" id="t-1942" data-t="1942">you know, for the longest time,</span> <span class="cue" id="t-1946" data-t="1946">even before I started podcasting in the space,</span> <span class="cue" id="t-1949" data-t="1949">and I was listening to</span> <span class="cue" id="t-1951" data-t="1951">to the earliest</span> <span class="cue" id="t-1953" data-t="1953">of Bitcoin podcasts,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1955">32:35</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1955" data-t="1955">there was a certain there was a a theme that was always present, and it was</span> <span class="cue" id="t-1960" data-t="1960">it can take you years to build a reputation,</span> <span class="cue" id="t-1965" data-t="1965">and it takes you seconds to burn it to the ground.</span> <span class="cue" id="t-1969" data-t="1969">And so we would always talk about reputations as being made of paper.</span> <span class="cue" id="t-1974" data-t="1974">And</span> <span class="cue" id="t-1975" data-t="1975">I</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1977">32:57</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1977" data-t="1977">this does not bode well for paper Bitcoin summer</span> <span class="cue" id="t-1980" data-t="1980">because there's a lot of people with some heavy duty reputations in this space.</span> <span class="cue" id="t-1986" data-t="1986">And</span> <span class="cue" id="t-1987" data-t="1987">it looks like</span> <span class="cue" id="t-1989" data-t="1989">there's a very real possibility of a forest fire, especially in the in this long this long tail</span> <span class="cue" id="t-1995" data-t="1995">of</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1996">33:16</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-1996" data-t="1996">Bitcoin treasury companies.</span> <span class="cue" id="t-1999" data-t="1999">These guys are gonna get burnt to the fucking ground.</span> <span class="cue" id="t-2002" data-t="2002">It's going to be really ugly. And I'm talking about the long tail. I'm talking like,</span> <span class="cue" id="t-2006" data-t="2006">there was another announcement today. They</span> <span class="cue" id="t-2009" data-t="2009">some cut. Oh, be huddle</span> <span class="cue" id="t-2012" data-t="2012">just bought a 100 Bitcoin for their Bitcoin treasury strategy.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2017">33:37</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2017" data-t="2017">Bullshit. And I'm like, you're gonna go you're you're gonna burn to the ground. You're too late.</span> <span class="cue" id="t-2022" data-t="2022">It's all done. The paper Bitcoins, it's fall people. First day of fall was what? A couple of days ago?</span> <span class="cue" id="t-2029" data-t="2029">It's fall. We gotta this is this shit's over.</span> <span class="cue" id="t-2033" data-t="2033">And</span> <span class="cue" id="t-2034" data-t="2034">if I had linked</span> <span class="cue" id="t-2037" data-t="2037">my reputation</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2038">33:58</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2038" data-t="2038">to shilling</span> <span class="cue" id="t-2040" data-t="2040">strike and strife,</span> <span class="cue" id="t-2042" data-t="2042">and then yet one more, you know, double digit yield account,</span> <span class="cue" id="t-2047" data-t="2047">I I wouldn't have the remnant of a of a audience that I actually have now.</span> <span class="cue" id="t-2053" data-t="2053">You know, my audience is small, but it'd be a hell of a lot smaller</span> <span class="cue" id="t-2057" data-t="2057">if I just said, you know what? You should go buy some strike.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2061">34:21</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2061" data-t="2061">You you need that 9.8%.</span> <span class="cue" id="t-2064" data-t="2064">You you need that.</span> <span class="cue" id="t-2066" data-t="2066">And there's no way that I'm ever going to say that. I</span> <span class="cue" id="t-2070" data-t="2070">I value my sleep too much.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2073">34:33</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2073" data-t="2073">So</span> <span class="cue" id="t-2074" data-t="2074">one of the things that we're seeing kind of across the board, I'm sure you're aware of this, is that the paper Bitcoin companies are gobbling up Bitcoin podcasters</span> <span class="cue" id="t-2083" data-t="2083">like it's hungry, hungry hippos</span> <span class="cue" id="t-2085" data-t="2085">out there.</span> <span class="cue" id="t-2086" data-t="2086">So</span> <span class="cue" id="t-2088" data-t="2088">you see the possibility of the the paper Bitcoin ecosystem</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2092">34:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2092" data-t="2092">getting burnt to a crisp</span> <span class="cue" id="t-2094" data-t="2094">in the future.</span> <span class="cue" id="t-2095" data-t="2095">In the scenario that that happens,</span> <span class="cue" id="t-2098" data-t="2098">I think we</span> <span class="cue" id="t-2100" data-t="2100">and correct me if you don't agree with this, but I think we agree that Michael Sailor is probably gonna be one of the strongest ones</span> <span class="cue" id="t-2108" data-t="2108">in that scenario,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2111">35:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2111" data-t="2111">likely consolidating a lot of this. Do you see a potential concern</span> <span class="cue" id="t-2115" data-t="2115">of centralization</span> <span class="cue" id="t-2117" data-t="2117">of Bitcoin podcasters</span> <span class="cue" id="t-2119" data-t="2119">in the scenario that Michael Saylor</span> <span class="cue" id="t-2121" data-t="2121">is the the last man standing in the in the whole paper Bitcoin,</span> <span class="cue" id="t-2128" data-t="2128">I don't know what you call it, trend or or phenomenon.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2134">35:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2134" data-t="2134">The whole subculture. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2137">35:37</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2137" data-t="2137">I</span> <span class="cue" data-t="2137">I I could almost see my I could almost see Sailor building a</span> <span class="cue" id="t-2143" data-t="2143">paper Bitcoin media company where he sucks all of us in,</span> <span class="cue" id="t-2147" data-t="2147">gives us enough money to where we have no problem burning our reputations right to the ground and beyond.</span> <span class="cue" id="t-2152" data-t="2152">And then all of a sudden, just cutting us loose like we're just kind of some kind of dead weight, you know, garbage on on the fucking love ship</span> <span class="cue" id="t-2160" data-t="2160">out there in the Pacific Ocean. I I could actually see that occurring because the man's gotta do something.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2167">36:07</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2167" data-t="2167">He's gotta do he his company</span> <span class="cue" id="t-2169" data-t="2169">generates</span> <span class="cue" id="t-2170" data-t="2170">no revenue,</span> <span class="cue" id="t-2173" data-t="2173">Unless he's selling debt instrumentation</span> <span class="cue" id="t-2175" data-t="2175">to rubes on the street at this point,</span> <span class="cue" id="t-2178" data-t="2178">he has no revenue. They don't make software anymore.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2182">36:22</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2182" data-t="2182">I I'm pretty sure that Oracle has gobbled up all what was remaining of his customers, so he doesn't have service contracts.</span> <span class="cue" id="t-2190" data-t="2190">The only thing that he's got going on right now as a revenue model is is to sell debt.</span> <span class="cue" id="t-2195" data-t="2195">And he uses it to buy Bitcoin and good for him.</span> <span class="cue" id="t-2199" data-t="2199">But I, you know, Richard, I agree</span> <span class="cue" id="t-2203" data-t="2203">that he's gonna be one of the ones that that stand. And I I can bitch about his his his revenue model all day long and twice on Sunday.</span> <span class="cue" id="t-2212" data-t="2212">He's not going away.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2214">36:54</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2214" data-t="2214">He's got he's got too much potential that he can leverage. And one of these days, he's gonna start leveraging it.</span> <span class="cue" id="t-2221" data-t="2221">But</span> <span class="cue" id="t-2223" data-t="2223">I still</span> <span class="cue" id="t-2224" data-t="2224">do not believe</span> <span class="cue" id="t-2226" data-t="2226">that</span> <span class="cue" id="t-2228" data-t="2228">attaching</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2230">37:10</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2230" data-t="2230">attaching your rep, whether as a podcaster or somebody who writes for, so I don't know,</span> <span class="cue" id="t-2236" data-t="2236">Bitcoin magazine, whatever.</span> <span class="cue" id="t-2238" data-t="2238">Right?</span> <span class="cue" id="t-2239" data-t="2239">Attaching your rep to</span> <span class="cue" id="t-2242" data-t="2242">shilling that debt instrumentation</span> <span class="cue" id="t-2244" data-t="2244">and being,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2246">37:26</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2246" data-t="2246">like, some kind of mouthpiece for Michael Sailor,</span> <span class="cue" id="t-2248" data-t="2248">I don't think is good</span> <span class="cue" id="t-2251" data-t="2251">until at such time</span> <span class="cue" id="t-2253" data-t="2253">that he comes up with a decent</span> <span class="cue" id="t-2256" data-t="2256">revenue model, and the company actually starts making money. And even then, it's a dangerous it's a dangerous</span> <span class="cue" id="t-2261" data-t="2261">game that we play because I saw,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2264">37:44</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2264" data-t="2264">you know, a few podcasters</span> <span class="cue" id="t-2265" data-t="2265">get burnt to the ground during the FTX</span> <span class="cue" id="t-2268" data-t="2268">Alameda</span> <span class="cue" id="t-2270" data-t="2270">and,</span> <span class="cue" data-t="2270">what would that what was that people the people BlockFi.</span> <span class="cue" id="t-2275" data-t="2275">That that whole mess.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2277">37:57</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2277" data-t="2277">Because there was they had money to burn,</span> <span class="cue" id="t-2280" data-t="2280">and we're going after podcasters</span> <span class="cue" id="t-2282" data-t="2282">left and right. I wasn't one of them because at the time,</span> <span class="cue" id="t-2286" data-t="2286">no you know, and nobody still knows really who I am,</span> <span class="cue" id="t-2289" data-t="2289">and not not at that level.</span> <span class="cue" id="t-2291" data-t="2291">You know, I nobody ever contacted me and said, hey. Here's a boatload of money. Why don't you shield our ship for us? And even then, I would have actually had to step back and go,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2300">38:20</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2300" data-t="2300">dude, should I do this?</span> <span class="cue" id="t-2303" data-t="2303">Because if this breaks</span> <span class="cue" id="t-2305" data-t="2305">and I'm in the middle of it,</span> <span class="cue" id="t-2307" data-t="2307">I</span> <span class="cue" id="t-2308" data-t="2308">I go down with that ship too.</span> <span class="cue" id="t-2310" data-t="2310">And this is</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2311">38:31</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2311" data-t="2311">this is always a problem,</span> <span class="cue" id="t-2313" data-t="2313">you know, because it's like you you can you can try to hold your integrity together,</span> <span class="cue" id="t-2318" data-t="2318">and</span> <span class="cue" id="t-2319" data-t="2319">basically,</span> <span class="cue" id="t-2320" data-t="2320">you know,</span> <span class="cue" id="t-2321" data-t="2321">be poor, and like and I've said it on the on my podcast before,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2326">38:46</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2326" data-t="2326">Bitcoiners</span> <span class="cue" id="t-2329" data-t="2329">had this thing and still have this thing kind of where we say have fun staying poor, but the only people that really know how to do that is us.</span> <span class="cue" id="t-2337" data-t="2337">We're the only people that know how to actually have fun staying poor.</span> <span class="cue" id="t-2340" data-t="2340">We we built it as an insult,</span> <span class="cue" id="t-2344" data-t="2344">but the more I looked at it, the more I was like, well, wait a minute. That's us.</span> <span class="cue" id="t-2349" data-t="2349">We're the, we're the ones having fun staying poor because we are all the Bitcoiners I know are desperately</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2355">39:15</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2355" data-t="2355">trying to keep from falling into these traps</span> <span class="cue" id="t-2359" data-t="2359">of, wow. That's</span> <span class="cue" id="t-2360" data-t="2360">that's a lot of money, man.</span> <span class="cue" id="t-2362" data-t="2362">I don't know. I could do a lot of stuff with that money. All I gotta do is,</span> <span class="cue" id="t-2367" data-t="2367">you know, burn my rep and hope nobody notices it. But</span> <span class="cue" id="t-2371" data-t="2371">we don't we don't live in a world where nobody in this world,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2375">39:35</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2375" data-t="2375">everybody sees the smoke from you burning your rep to the ground.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2379">39:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2379" data-t="2379">Well,</span> <span class="cue" id="t-2381" data-t="2381">yeah. It's</span> <span class="cue" id="t-2382" data-t="2382">it I I think it's incredibly important</span> <span class="cue" id="t-2386" data-t="2386">to</span> <span class="cue" id="t-2388" data-t="2388">have integrity.</span> <span class="cue" id="t-2390" data-t="2390">I think it's incredibly important to work to care about your reputation, not not just because you care what other people think about you, but because you care about the world around you, and just not being a shithead</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2400">40:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2400" data-t="2400">as a result of it. Yeah. But</span> <span class="cue" id="t-2403" data-t="2403">we live in a society, we live in a culture where people burn their reputations and they continue to fail upwards. And it seems like there's no consequences. So there's no consequences</span> <span class="cue" id="t-2413" data-t="2413">for</span> <span class="cue" id="t-2414" data-t="2414">showing BlockFi.</span> <span class="cue" id="t-2415" data-t="2415">You get a bigger podcast as a result of it.</span> <span class="cue" id="t-2419" data-t="2419">You get more followers as a result of it afterwards. People forget about it. There's grumpy people on Twitter, but, you know, those people do not,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2427">40:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2427" data-t="2427">are not able to hold them accountable. Predator cannot hold them</span> <span class="cue" id="t-2431" data-t="2431">accountable,</span> <span class="cue" id="t-2433" data-t="2433">or there's no consequences,</span> <span class="cue" id="t-2435" data-t="2435">seemingly.</span> <span class="cue" id="t-2436" data-t="2436">And in the people that have integrity</span> <span class="cue" id="t-2439" data-t="2439">are having fun staying poor, and the people without integrity are just continuing to to gather wealth. They're getting paid by paper Bitcoin companies.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2448">40:48</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2448" data-t="2448">So a lot of people, you know, get frustrated because it's almost like there's,</span> <span class="cue" id="t-2453" data-t="2453">negative consequences for having integrity</span> <span class="cue" id="t-2456" data-t="2456">in</span> <span class="cue" id="t-2457" data-t="2457">our culture. Now I think a lot of people</span> <span class="cue" id="t-2461" data-t="2461">that choose the route of integrity</span> <span class="cue" id="t-2464" data-t="2464">believe that's at some point, these there's gonna be consequences</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2467">41:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2467" data-t="2467">for bad behavior, that it's gonna catch up,</span> <span class="cue" id="t-2470" data-t="2470">and there's gonna be rewards</span> <span class="cue" id="t-2472" data-t="2472">for</span> <span class="cue" id="t-2473" data-t="2473">being they're</span> <span class="cue" id="t-2475" data-t="2475">having integrity.</span> <span class="cue" id="t-2478" data-t="2478">When do you think that point is when the consequences finally catch up with these people?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2483">41:23</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2483" data-t="2483">I don't think they do.</span> <span class="cue" id="t-2485" data-t="2485">Not in not in our lifetime. And and and I hate that I have to say that, but I've I've</span> <span class="cue" id="t-2490" data-t="2490">I've gotta be truthful about it because</span> <span class="cue" id="t-2493" data-t="2493">it ain't just this space.</span> <span class="cue" id="t-2496" data-t="2496">It's</span> <span class="cue" id="t-2497" data-t="2497">this is this is a</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2499">41:39</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2499" data-t="2499">this is broken money.</span> <span class="cue" id="t-2501" data-t="2501">That we we've been infected by broken money for so long that even</span> <span class="cue" id="t-2505" data-t="2505">even some of the hardcore Bitcoiners</span> <span class="cue" id="t-2508" data-t="2508">that have</span> <span class="cue" id="t-2510" data-t="2510">fallen, and and many of them have,</span> <span class="cue" id="t-2513" data-t="2513">it's it's because</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2515">41:55</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2515" data-t="2515">we could we can recognize what's wrong,</span> <span class="cue" id="t-2518" data-t="2518">and we do.</span> <span class="cue" id="t-2519" data-t="2519">And we can recognize in great detail</span> <span class="cue" id="t-2522" data-t="2522">what's wrong,</span> <span class="cue" id="t-2523" data-t="2523">and we do. We know the money's broken. We know how it's broken. We know how it gets fixed.</span> <span class="cue" id="t-2530" data-t="2530">But the money's been broken for so long</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2533">42:13</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2533" data-t="2533">that</span> <span class="cue" id="t-2534" data-t="2534">multiple</span> <span class="cue" id="t-2535" data-t="2535">generations</span> <span class="cue" id="t-2537" data-t="2537">have have entered into</span> <span class="cue" id="t-2540" data-t="2540">a kind of humanity</span> <span class="cue" id="t-2543" data-t="2543">that,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2544">42:24</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2544" data-t="2544">in my case,</span> <span class="cue" id="t-2545" data-t="2545">I believe in God, so I'm gonna say that God</span> <span class="cue" id="t-2549" data-t="2549">never meant to actually occur.</span> <span class="cue" id="t-2552" data-t="2552">People walking all over each other for a goddamn dime,</span> <span class="cue" id="t-2557" data-t="2557">you know, people lying to each other,</span> <span class="cue" id="t-2559" data-t="2559">not caring about where their wealth goes after it, as long as they get theirs.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2564">42:44</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2564" data-t="2564">Right. And that didn't start with us</span> <span class="cue" id="t-2567" data-t="2567">and it didn't start with our parents, and it didn't start with our grandparents.</span> <span class="cue" id="t-2572" data-t="2572">It started before that, which means we have</span> <span class="cue" id="t-2575" data-t="2575">several generations</span> <span class="cue" id="t-2576" data-t="2576">reinforcing</span> <span class="cue" id="t-2578" data-t="2578">bad behavior</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2579">42:59</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2579" data-t="2579">when it comes to financial broken incentives.</span> <span class="cue" id="t-2582" data-t="2582">And it's just come down the line.</span> <span class="cue" id="t-2584" data-t="2584">And we are at the end of it right now. But that doesn't mean that the end of the bad behavior</span> <span class="cue" id="t-2591" data-t="2591">and the end of the rewards for that be bad behavior</span> <span class="cue" id="t-2595" data-t="2595">also end.</span> <span class="cue" id="t-2596" data-t="2596">There's gonna be a longer tail</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2599">43:19</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2599" data-t="2599">on that.</span> <span class="cue" id="t-2600" data-t="2600">Right? So</span> <span class="cue" id="t-2602" data-t="2602">as much as it pains me to say,</span> <span class="cue" id="t-2606" data-t="2606">there's</span> <span class="cue" id="t-2607" data-t="2607">I'm not ever I have yet to see</span> <span class="cue" id="t-2610" data-t="2610">any of the Shitcoiners,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2613">43:33</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2613" data-t="2613">quote, unquote, get theirs.</span> <span class="cue" id="t-2615" data-t="2615">And I'll go even further to say,</span> <span class="cue" id="t-2619" data-t="2619">I don't care</span> <span class="cue" id="t-2621" data-t="2621">if they get theirs or not.</span> <span class="cue" id="t-2623" data-t="2623">I have better fish to fry.</span> <span class="cue" id="t-2626" data-t="2626">I</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2628">43:48</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2628" data-t="2628">I I I don't want to lend</span> <span class="cue" id="t-2631" data-t="2631">what you know, I've got two brain cells left after all the alcohol I ingested in high school.</span> <span class="cue" id="t-2637" data-t="2637">I don't want to waste their energy</span> <span class="cue" id="t-2639" data-t="2639">rubbing them together to worry about what the fuck Dennis Porter is getting paid,</span> <span class="cue" id="t-2644" data-t="2644">and why he's getting paid, or those assholes at Bankless.</span> <span class="cue" id="t-2648" data-t="2648">Right? I don't care.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2650">44:10</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2650" data-t="2650">You know, they're they're they're gonna they're gonna be much wealthier than I am.</span> <span class="cue" id="t-2655" data-t="2655">And if, if that is how I gauge myself</span> <span class="cue" id="t-2659" data-t="2659">and the other people that are in this space,</span> <span class="cue" id="t-2662" data-t="2662">then I don't understand Bitcoin.</span> <span class="cue" id="t-2664" data-t="2664">And I don't understand how the money's broken. And I don't understand what the phrase broken incentives mean.</span> <span class="cue" id="t-2672" data-t="2672">So I try as desperately</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2674">44:34</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2674" data-t="2674">as I can</span> <span class="cue" id="t-2676" data-t="2676">to stay away from</span> <span class="cue" id="t-2678" data-t="2678">the judgment portion.</span> <span class="cue" id="t-2680" data-t="2680">Although I I don't have any problem saying that I I do think that some of these people are pieces of</span> <span class="cue" id="t-2687" data-t="2687">shit. I mean, there there's a judgment call, but then there is the I don't</span> <span class="cue" id="t-2691" data-t="2691">I'm not hoping for consequences.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2694">44:54</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2694" data-t="2694">Not because I don't think I'll see them, but just because it's a waste of my time. That's definitely the mindset of the pioneer</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2700">44:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2700" data-t="2700">right there.</span> <span class="cue" id="t-2703" data-t="2703">The pioneer</span> <span class="cue" id="t-2704" data-t="2704">is not</span> <span class="cue" id="t-2706" data-t="2706">concerned entirely with other people's behavior</span> <span class="cue" id="t-2709" data-t="2709">and filled with this vitriol of failed purity test. I</span> <span class="cue" id="t-2715" data-t="2715">I think that's a mindset that is really important. You have to eat it. You</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2719">45:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2719" data-t="2719">forgiveness for the shitcoiners</span> <span class="cue" id="t-2722" data-t="2722">is not for the shitcoiners. It's for yourself. Well,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2726">45:26</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2726" data-t="2726">the shitcoiners,</span> <span class="cue" id="t-2728" data-t="2728">it's like the poor. Jesus said they will always be with you.</span> <span class="cue" id="t-2733" data-t="2733">They will.</span> <span class="cue" id="t-2734" data-t="2734">I mean, there's I I keep</span> <span class="cue" id="t-2737" data-t="2737">there's been several cycles</span> <span class="cue" id="t-2740" data-t="2740">that I've been through where sure you know, I I'd hear people say, well, surely, this is the cycle where the shit coins go down the drain, and that's that's never gonna happen. And I really,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2750">45:50</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2750" data-t="2750">again,</span> <span class="cue" id="t-2752" data-t="2752">this is the part of</span> <span class="cue" id="t-2755" data-t="2755">this is the danger of lending your energy to hoping for consequences,</span> <span class="cue" id="t-2760" data-t="2760">Because, a,</span> <span class="cue" id="t-2762" data-t="2762">it's just a waste of your energy, and you're not applying it to something else.</span> <span class="cue" id="t-2766" data-t="2766">And and, b, it ain't never gonna happen.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2770">46:10</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2770" data-t="2770">There's always gonna be some grifter and, you know, figuring out how to affinity scam somebody on it's the the best Bitcoin.</span> <span class="cue" id="t-2779" data-t="2779">I mean, I know a kid</span> <span class="cue" id="t-2781" data-t="2781">that's, you know, a neighbor of mine and at the house that we have in in Colorado,</span> <span class="cue" id="t-2787" data-t="2787">and he keeps he keeps</span> <span class="cue" id="t-2791" data-t="2791">trolling me like in meat space about fucking Cardano.</span> <span class="cue" id="t-2795" data-t="2795">And the dude's not even</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2797">46:37</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2797" data-t="2797">17 yet.</span> <span class="cue" id="t-2799" data-t="2799">I got a I got a 16 year old kid that's got his, you know, four businesses of his own</span> <span class="cue" id="t-2804" data-t="2804">that he's built.</span> <span class="cue" id="t-2806" data-t="2806">And I'm really proud of this kid.</span> <span class="cue" id="t-2808" data-t="2808">You know, he's</span> <span class="cue" id="t-2810" data-t="2810">he mows lawns. He,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2812">46:52</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2812" data-t="2812">he</span> <span class="cue" id="t-2813" data-t="2813">shovels he does,</span> <span class="cue" id="t-2815" data-t="2815">God,</span> <span class="cue" id="t-2816" data-t="2816">excavation.</span> <span class="cue" id="t-2817" data-t="2817">This is a kid that was driving, you know, John Deere tractors and caterpillar</span> <span class="cue" id="t-2821" data-t="2821">fucking backhoes when he was 10 years old.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2826">47:06</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2826" data-t="2826">And yet,</span> <span class="cue" id="t-2827" data-t="2827">as long as he's known me, and as long as I've told him Bitcoin</span> <span class="cue" id="t-2831" data-t="2831">only,</span> <span class="cue" id="t-2832" data-t="2832">no.</span> <span class="cue" id="t-2833" data-t="2833">Charles Hoskins</span> <span class="cue" id="t-2834" data-t="2834">and Cardano</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2836">47:16</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2836" data-t="2836">add us to the moon bro. Add us to</span> <span class="cue" id="t-2839" data-t="2839">I can't I can't do anything for him.</span> <span class="cue" id="t-2842" data-t="2842">I've told him everything that I can.</span> <span class="cue" id="t-2845" data-t="2845">I hell, I even interviewed him for this pod for my podcast,</span> <span class="cue" id="t-2849" data-t="2849">and he was, like, shilling Cardano. And I'm like, don't do that.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2853">47:33</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2853" data-t="2853">Please Look, man.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2855">47:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2855" data-t="2855">He came on your podcast, chilled card, Damien.</span> <span class="cue" id="t-2858" data-t="2858">Did you wanna slap the broccoli haircut off him?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2862">47:42</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2862" data-t="2862">No. I love the kid too much, which is why I'm I will never give up on him. I will never give up on him. I think this is the problem with the</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2871">47:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2871" data-t="2871">the boomers,</span> <span class="cue" id="t-2873" data-t="2873">is that their parents just gave up on them. They were running around.</span> <span class="cue" id="t-2877" data-t="2877">They had the long hair,</span> <span class="cue" id="t-2879" data-t="2879">dropping acid, engaging in the MK Ultra experiments with the CIA.</span> <span class="cue" id="t-2885" data-t="2885">Their parents are just like, you guys are fucking idiots. Like, we're done with you.</span> <span class="cue" id="t-2890" data-t="2890">And then the burglars are like, oh, this is how you parent. You just give up on your kids. We're just gonna call them we're gonna call the Gen Xers, the millennials. We're gonna call them pieces of shit. We're gonna call them lazy.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2901">48:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2901" data-t="2901">Our parents did that to us.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2904">48:24</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2904" data-t="2904">Well, I mean, you both the the their parents, they</span> <span class="cue" id="t-2909" data-t="2909">they were the champions, the heroes of the last four turning. And then they had a bunch of kids who turned into hippies.</span> <span class="cue" id="t-2916" data-t="2916">They had kids who turned into hippies,</span> <span class="cue" id="t-2919" data-t="2919">and just</span> <span class="cue" id="t-2920" data-t="2920">were just, like, such hypocritical.</span> <span class="cue" id="t-2922" data-t="2922">And</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2924">48:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2924" data-t="2924">it's hard to it's hard to blame them sometimes, but it's it's proof that you shouldn't give up. You shouldn't give up. Otherwise,</span> <span class="cue" id="t-2932" data-t="2932">if they're if they're experimenting with Cardano</span> <span class="cue" id="t-2935" data-t="2935">when they should be, you know,</span> <span class="cue" id="t-2938" data-t="2938">listening to the Sailor series, Robert Breedlove,</span> <span class="cue" id="t-2942" data-t="2942">instead.</span> <span class="cue" id="t-2943" data-t="2943">Like, who knows what they're gonna do if they keep it keep spiraling down? They're gonna have their own</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2947">49:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2947" data-t="2947">their own broccoli haircut. What's stuck?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2950">49:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2950" data-t="2950">I</span> <span class="cue" id="t-2951" data-t="2951">we gotta break the cycle. We we can't give up on the broccoli haircuts. They're gonna be shilling their salami tokens.</span> <span class="cue" id="t-2958" data-t="2958">They're gonna be pumping Cardano. They're gonna be talking about XRP.</span> <span class="cue" id="t-2963" data-t="2963">We can't give up on them like the boomers gave up on us.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2966">49:26</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2966" data-t="2966">Well, what's what's really gonna blow people's minds in in the Bitcoin space is</span> <span class="cue" id="t-2972" data-t="2972">and it's kinda already happening. I've I've seen a couple instances,</span> <span class="cue" id="t-2976" data-t="2976">but it hasn't</span> <span class="cue" id="t-2978" data-t="2978">really popped its ugly head. But</span> <span class="cue" id="t-2980" data-t="2980">my prediction is that you're actually going to see a lot of people on Bitcoin Twitter, or, well, at this point, crypto</span> <span class="cue" id="t-2989" data-t="2989">Twitter that swears up and down that they're gonna make a million dollars because they're gonna hold tether.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2995">49:55</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-2995" data-t="2995">They don't understand what it is,</span> <span class="cue" id="t-2998" data-t="2998">and they're they're gonna shell it to their friends. And there's this great cryptocurrency,</span> <span class="cue" id="t-3003" data-t="3003">man. It's pegged to the dollar,</span> <span class="cue" id="t-3006" data-t="3006">and they don't understand what that means.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3008">50:08</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3008" data-t="3008">I think you're just I think you're just gonna have, like, you're gonna have these, you know, school teachers, widows who they've got a four zero one ks in Donald Trumpets and put tether in their four zero one ks and they think that they're gonna do what they do now instead of just, you know, instead of investing in,</span> <span class="cue" id="t-3026" data-t="3026">whatever their, their four zero one ks program,</span> <span class="cue" id="t-3029" data-t="3029">allows in equities,</span> <span class="cue" id="t-3030" data-t="3030">they just keep it in a money market account and they're just gonna have their Tether sitting there earning, you know, whatever</span> <span class="cue" id="t-3036" data-t="3036">APY</span> <span class="cue" id="t-3037" data-t="3037">that Justin Sun is offering on, you know, one of his, you know, DeFi chains.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3043">50:43</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3043" data-t="3043">Yes.</span> <span class="cue" id="t-3044" data-t="3044">Yes. And and, you know,</span> <span class="cue" id="t-3047" data-t="3047">most of our problems</span> <span class="cue" id="t-3049" data-t="3049">a lot of people really think that</span> <span class="cue" id="t-3052" data-t="3052">our problems started with the altcoin, you know, phase coming out of, you know,</span> <span class="cue" id="t-3057" data-t="3057">leading up to 2017</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3058">50:58</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3058" data-t="3058">and then the ICO boom</span> <span class="cue" id="t-3061" data-t="3061">after the block size wars ended.</span> <span class="cue" id="t-3063" data-t="3063">But it really wasn't that.</span> <span class="cue" id="t-3065" data-t="3065">It's that goddamn sushi swap.</span> <span class="cue" id="t-3068" data-t="3068">The whole advent of DeFi</span> <span class="cue" id="t-3071" data-t="3071">was</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3073">51:13</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3073" data-t="3073">I didn't see it coming.</span> <span class="cue" id="t-3074" data-t="3074">Right? And at the same time that that shit was was on the table,</span> <span class="cue" id="t-3079" data-t="3079">that's when Tether</span> <span class="cue" id="t-3082" data-t="3082">that's when Tether happened.</span> <span class="cue" id="t-3084" data-t="3084">Because these guys needed to move in and out of that shit, like and and that's what really blew Tether up.</span> <span class="cue" id="t-3091" data-t="3091">And</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3094">51:34</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3094" data-t="3094">I'm</span> <span class="cue" data-t="3094">actually shocked</span> <span class="cue" id="t-3096" data-t="3096">that I did not see</span> <span class="cue" id="t-3099" data-t="3099">thousands and thousands and thousands of accounts start saying how they're gonna get rich on tether.</span> <span class="cue" id="t-3106" data-t="3106">I I mean, I</span> <span class="cue" id="t-3107" data-t="3107">I know it's going to happen.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3109">51:49</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3109" data-t="3109">I know it's gonna happen. Well,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3112">51:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3112" data-t="3112">I think I think it's already happening. I think it I don't think it's it's quite as,</span> <span class="cue" id="t-3116" data-t="3116">absurd. I mean, there will certainly be people who just, like, think they're gonna HODL Tether, but</span> <span class="cue" id="t-3122" data-t="3122">it's it's coming back kind of it was at its peak in 2021.</span> <span class="cue" id="t-3126" data-t="3126">It was you had the the centralized exchanges, BlockFi and Celsius and Nexo, but then you had all those other ones. And, like I said, Justin Sun has his his fingers in a lot of those. There's, big over in Asia, but</span> <span class="cue" id="t-3138" data-t="3138">you you just go throw your tether on, one of these</span> <span class="cue" id="t-3142" data-t="3142">yield farms or something. It is one of these</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3145">52:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3145" data-t="3145">yield</span> <span class="cue" id="t-3146" data-t="3146">experiments</span> <span class="cue" id="t-3147" data-t="3147">they've got and they they promise ten, fifteen, 20% interest.</span> <span class="cue" id="t-3151" data-t="3151">And people think that, you know, they think that they're just</span> <span class="cue" id="t-3156" data-t="3156">making away with easy money.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3159">52:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3159" data-t="3159">Well,</span> <span class="cue" id="t-3160" data-t="3160">for for a lot of people around the world, they they might actually be the case that HODL and Tether is a good financial decision for them. We we saw if you read the book, When Money Dies,</span> <span class="cue" id="t-3172" data-t="3172">people were trading out of the the German</span> <span class="cue" id="t-3175" data-t="3175">or, yeah, the German mark into great British pounds</span> <span class="cue" id="t-3179" data-t="3179">and dollars, and they were just making a killing</span> <span class="cue" id="t-3182" data-t="3182">off the the currency trade. Like, I mean, you live somewhere like Canada or you live in the global South.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3189">53:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3189" data-t="3189">You live in Russia?</span> <span class="cue" id="t-3190" data-t="3190">Who's having currency problems?</span> <span class="cue" id="t-3192" data-t="3192">Maybe Hot Wheels and Tether is, for for a US</span> <span class="cue" id="t-3196" data-t="3196">citizen, it sounds kinda silly.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3200">53:20</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3200" data-t="3200">Well, from that standpoint,</span> <span class="cue" id="t-3203" data-t="3203">yeah.</span> <span class="cue" id="t-3205" data-t="3205">In in so far that they're not gonna get debased.</span> <span class="cue" id="t-3209" data-t="3209">So whenever it is that they collect the tether,</span> <span class="cue" id="t-3211" data-t="3211">that's their that's their basis line.</span> <span class="cue" id="t-3214" data-t="3214">It</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3215">53:35</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3215" data-t="3215">technically, it can't actually go up unless</span> <span class="cue" id="t-3220" data-t="3220">excuse me. Like Rod was saying,</span> <span class="cue" id="t-3224" data-t="3224">throwing it on some kind of Solana chain that offers some kind of, you know, usurious amount of of interest rate. Of course, you always have to ask yourself, where does the yield come from? But that's that's a different that's a different discussion.</span> <span class="cue" id="t-3239" data-t="3239">The people that try that are gonna get wrecked.</span> <span class="cue" id="t-3243" data-t="3243">They they you know, they will, and and that will happen. It's all it's already happening,</span> <span class="cue" id="t-3248" data-t="3248">and it's already starting to permeate into other</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3252">54:12</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3252" data-t="3252">into another type of thing going back to the Bitcoin treasury companies.</span> <span class="cue" id="t-3256" data-t="3256">I saw a headline</span> <span class="cue" id="t-3258" data-t="3258">earlier. It was either last night or today</span> <span class="cue" id="t-3261" data-t="3261">that the new hotness on Wall Street</span> <span class="cue" id="t-3265" data-t="3265">is dividend paying ETFs.</span> <span class="cue" id="t-3269" data-t="3269">And I'm like, okay. You clearly don't understand how this shit works.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3274">54:34</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3274" data-t="3274">I mean, maybe you do the people that are writing it probably don't, but the people that are</span> <span class="cue" id="t-3280" data-t="3280">sending the press releases to say, hey. We've got we're we're gonna design this new instrumentation</span> <span class="cue" id="t-3286" data-t="3286">where you're gonna get yield on your ETF,</span> <span class="cue" id="t-3289" data-t="3289">And</span> <span class="cue" id="t-3291" data-t="3291">I'm like,</span> <span class="cue" id="t-3292" data-t="3292">this is just gonna end poorly</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3294">54:54</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3294" data-t="3294">again.</span> <span class="cue" data-t="3294">And</span> <span class="cue" id="t-3296" data-t="3296">I don't have to be in I don't have to be in Bitcoin to see shit ending poorly.</span> <span class="cue" id="t-3301" data-t="3301">All I have to look at is mortgage backed securities and collateralized</span> <span class="cue" id="t-3305" data-t="3305">debt obligations.</span> <span class="cue" id="t-3307" data-t="3307">That's all I gotta say. And and collateralized or or</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3310">55:10</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3310" data-t="3310">or CDS's collateralized</span> <span class="cue" id="t-3312" data-t="3312">debt swaps or</span> <span class="cue" id="t-3313" data-t="3313">default collateralized</span> <span class="cue" id="t-3315" data-t="3315">default swaps</span> <span class="cue" id="t-3316" data-t="3316">because that shit happened all that shit happened before Bitcoin was even born.</span> <span class="cue" id="t-3321" data-t="3321">Accord you know, from what we know, it was the impetus</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3324">55:24</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3324" data-t="3324">that created Bitcoin, but I think Bitcoin must have been in the works before that shit actually</span> <span class="cue" id="t-3330" data-t="3330">happened. In either in either event,</span> <span class="cue" id="t-3332" data-t="3332">we keep</span> <span class="cue" id="t-3334" data-t="3334">seeing the same pattern over and over and over again, and it's spelled grift.</span> <span class="cue" id="t-3339" data-t="3339">And it's just a it's just a new it's a new wrapper</span> <span class="cue" id="t-3343" data-t="3343">on an old scam that's been perpetrated on the human species</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3348">55:48</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3348" data-t="3348">for fucking millennia.</span> <span class="cue" id="t-3350" data-t="3350">At one point or another, we keep thinking</span> <span class="cue" id="t-3353" data-t="3353">that at one point or another, that the hue that humanity will learn from their mistakes</span> <span class="cue" id="t-3358" data-t="3358">and stop being stupid,</span> <span class="cue" id="t-3361" data-t="3361">but, I mean, I gotta be pessimistic</span> <span class="cue" id="t-3363" data-t="3363">on that. I think that there's always going to be</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3366">56:06</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3366" data-t="3366">a large enough percentage of the human population that you can just scam until the world looks level.</span> <span class="cue" id="t-3373" data-t="3373">And it's it's sad, and I don't like being negative that way, but I also gotta be truthful with myself</span> <span class="cue" id="t-3379" data-t="3379">that</span> <span class="cue" id="t-3380" data-t="3380">all we can really do is save ourselves</span> <span class="cue" id="t-3383" data-t="3383">and save or at least try to save the people around us.</span> <span class="cue" id="t-3388" data-t="3388">We can't save everybody.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3391">56:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3391" data-t="3391">Why is it being negative being accurate?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3394">56:34</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3394" data-t="3394">Do what?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3396">56:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3396" data-t="3396">Why is it considered negative to be accurate?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3399">56:39</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3399" data-t="3399">Because it's not the story people wanna hear. And it is it's it's not that it's negative. It's that</span> <span class="cue" id="t-3407" data-t="3407">I'm not painting a bright rosy picture, because that would just be straight up lying,</span> <span class="cue" id="t-3413" data-t="3413">for one.</span> <span class="cue" id="t-3414" data-t="3414">But</span> <span class="cue" id="t-3415" data-t="3415">the picture that I am painting, as truthful as it is,</span> <span class="cue" id="t-3419" data-t="3419">it's not it's not the story people wanna listen to.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3423">57:03</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3423" data-t="3423">And that's that may be one of the integral parts of of running a good scam</span> <span class="cue" id="t-3430" data-t="3430">is not ever saying the truth. It's just 100%</span> <span class="cue" id="t-3433" data-t="3433">complete</span> <span class="cue" id="t-3434" data-t="3434">lie and being able to maintain that lie for very long periods of time.</span> <span class="cue" id="t-3440" data-t="3440">I I I honestly think that that's all you really need to do to to perpetrate a scam. As to whether or not you can sleep at night, I guess, is up to you and whatever god you worship.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3450">57:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3450" data-t="3450">So who who do you think are the people that,</span> <span class="cue" id="t-3454" data-t="3454">don't wanna hear that? That don't wanna hear the truth. Is it the people that</span> <span class="cue" id="t-3459" data-t="3459">are susceptible get to getting scammed?</span> <span class="cue" id="t-3462" data-t="3462">I think Primarily?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3463">57:43</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3463" data-t="3463">I think you're susceptible to getting scammed,</span> <span class="cue" id="t-3467" data-t="3467">and I don't I</span> <span class="cue" id="t-3469" data-t="3469">I don't think it depends on some kind of innate intelligence.</span> <span class="cue" id="t-3474" data-t="3474">I think it's more emotional.</span> <span class="cue" id="t-3476" data-t="3476">And</span> <span class="cue" id="t-3478" data-t="3478">it doesn't matter what your IQ is. You can be left side, right side, right smack dab in the middle. Everybody's got emotions, and everybody can be preyed upon depending on their emotional state.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3489">58:09</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3489" data-t="3489">And the money is since the money has been so broken for so long,</span> <span class="cue" id="t-3495" data-t="3495">it's</span> <span class="cue" id="t-3496" data-t="3496">easy</span> <span class="cue" id="t-3497" data-t="3497">to prey on people that are desperate.</span> <span class="cue" id="t-3502" data-t="3502">But that's the target.</span> <span class="cue" id="t-3503" data-t="3503">The people that are desperate. The people that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3506">58:26</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3506" data-t="3506">really need,</span> <span class="cue" id="t-3509" data-t="3509">Solana to do a 10 x.</span> <span class="cue" id="t-3511" data-t="3511">The people that really need Cardano to come through for them.</span> <span class="cue" id="t-3516" data-t="3516">You know? It's just</span> <span class="cue" id="t-3518" data-t="3518">I think it's just that simple.</span> <span class="cue" id="t-3520" data-t="3520">I wish it was more complicated,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3522">58:42</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3522" data-t="3522">but I don't think it is.</span> <span class="cue" id="t-3524" data-t="3524">And</span> <span class="cue" id="t-3525" data-t="3525">because it's so</span> <span class="cue" id="t-3526" data-t="3526">uncomplicated,</span> <span class="cue" id="t-3528" data-t="3528">I think is why we are going to see this over and over and over again, and we're not going to learn.</span> <span class="cue" id="t-3535" data-t="3535">And we're all and all all the people that are, you know, waiting for</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3539">58:59</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3539" data-t="3539">altcoins to go away are gonna continuously</span> <span class="cue" id="t-3541" data-t="3541">be befuddled as to why they don't. And it's just gonna make them sad.</span> <span class="cue" id="t-3546" data-t="3546">And I I don't know, man. Just buy Bitcoin.</span> <span class="cue" id="t-3548" data-t="3548">Be happy. Buy Bitcoin. Yeah. The</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3551">59:11</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3551" data-t="3551">the</span> <span class="cue" id="t-3553" data-t="3553">it ultimately boils down to, like, somebody who is looking for the next Bitcoin or the next better Bitcoin. Even if they are cynical enough</span> <span class="cue" id="t-3561" data-t="3561">to know that there is no next Bitcoin but that enough other people</span> <span class="cue" id="t-3565" data-t="3565">will be fooled into believing it's the next Bitcoin and they have a chance to make money</span> <span class="cue" id="t-3570" data-t="3570">they they just keep needing these cynical things to happen to come through for them instead of</span> <span class="cue" id="t-3577" data-t="3577">realizing that you have to learn to come through for yourself. It's like not gonna be somebody else, somebody else's idea, somebody else's</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3584">59:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3584" data-t="3584">stock, somebody else's,</span> <span class="cue" id="t-3586" data-t="3586">coin. You have to come through for yourself and</span> <span class="cue" id="t-3591" data-t="3591">you otherwise, you're just gonna constantly be susceptible to,</span> <span class="cue" id="t-3596" data-t="3596">some sort of emotional tug that makes you fall for a grift or risk vulnerable to a grift.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3602">1:00:02</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3602" data-t="3602">Yeah. That's</span> <span class="cue" id="t-3604" data-t="3604">that really is what it boils down to. And this has been going on forever.</span> <span class="cue" id="t-3609" data-t="3609">You know, it's just</span> <span class="cue" id="t-3612" data-t="3612">it's the same pattern over and over and over again. And it's just it's just gotten worse because</span> <span class="cue" id="t-3618" data-t="3618">as incentives get broken,</span> <span class="cue" id="t-3621" data-t="3621">there's</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3622">1:00:22</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3622" data-t="3622">more attack surface</span> <span class="cue" id="t-3624" data-t="3624">because there's more people that are desperate.</span> <span class="cue" id="t-3628" data-t="3628">The more you send the economy into into a tailspin,</span> <span class="cue" id="t-3632" data-t="3632">not just, you know, United States economy or the West economy</span> <span class="cue" id="t-3636" data-t="3636">economy, but all the countries of the world's economy,</span> <span class="cue" id="t-3640" data-t="3640">when you interlink them like this,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3642">1:00:42</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3642" data-t="3642">it's like a butterfly flapping its wings and, you know, Indonesia and a typhoon wipes out California.</span> <span class="cue" id="t-3649" data-t="3649">These things are so interconnected now</span> <span class="cue" id="t-3652" data-t="3652">that</span> <span class="cue" id="t-3653" data-t="3653">you can literally manipulate</span> <span class="cue" id="t-3656" data-t="3656">almost you you can almost manipulate</span> <span class="cue" id="t-3659" data-t="3659">the feelings of most of the population on the planet</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3663">1:01:03</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3663" data-t="3663">in record time.</span> <span class="cue" id="t-3665" data-t="3665">And the more that you can produce</span> <span class="cue" id="t-3668" data-t="3668">desperate, sad people,</span> <span class="cue" id="t-3670" data-t="3670">the more you can take what's left of their money.</span> <span class="cue" id="t-3673" data-t="3673">Because that's that's what I see</span> <span class="cue" id="t-3676" data-t="3676">when I see, you know, one more shit coin come online or one more altcoin or one more ICO or whatever.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3683">1:01:23</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3683" data-t="3683">And that's that's the the the problem</span> <span class="cue" id="t-3687" data-t="3687">that I have with these Bitcoin</span> <span class="cue" id="t-3689" data-t="3689">treasury companies.</span> <span class="cue" id="t-3691" data-t="3691">And even though I don't have any, any particular beef with Michael sailor himself,</span> <span class="cue" id="t-3696" data-t="3696">I mean, it's actually kind of a brilliant move.</span> <span class="cue" id="t-3699" data-t="3699">He's, he is the first guy to actually say,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3702">1:01:42</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3702" data-t="3702">Hey, you, you should probably really look at your balance sheet and use that as a, as a, a tool of leverage</span> <span class="cue" id="t-3709" data-t="3709">instead of just letting it sit there and, and have cash on hand to pay, you know, next month's, you know, payroll.</span> <span class="cue" id="t-3717" data-t="3717">Because he really is kind of the first guy that said,</span> <span class="cue" id="t-3720" data-t="3720">yeah, we really should probably be looking at this as a</span> <span class="cue" id="t-3724" data-t="3724">our our balance sheet as a tool,</span> <span class="cue" id="t-3726" data-t="3726">as something that we can really leverage, you know, and and here's how we're gonna do it.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3731">1:02:11</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3731" data-t="3731">And he was doing so well for so long, and then all of a sudden, he said, you know what? We're not even gonna do software anymore.</span> <span class="cue" id="t-3739" data-t="3739">And then the next thing after that came the dead instrumentation</span> <span class="cue" id="t-3742" data-t="3742">constructions</span> <span class="cue" id="t-3743" data-t="3743">of Strife and Strife and Stride and whatever.</span> <span class="cue" id="t-3747" data-t="3747">And those are that's</span> <span class="cue" id="t-3749" data-t="3749">what I worry about</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3751">1:02:31</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3751" data-t="3751">if it is not followed up</span> <span class="cue" id="t-3753" data-t="3753">by a rock solid revenue plan like I I have talked to I've talked about it on the podcast on my podcast before</span> <span class="cue" id="t-3761" data-t="3761">Right. Over the last couple of days that</span> <span class="cue" id="t-3764" data-t="3764">he could</span> <span class="cue" id="t-3765" data-t="3765">he could secure</span> <span class="cue" id="t-3768" data-t="3768">loans</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3769">1:02:49</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3769" data-t="3769">for people</span> <span class="cue" id="t-3770" data-t="3770">using a third party loan,</span> <span class="cue" id="t-3773" data-t="3773">guy like, like Goldman Sachs.</span> <span class="cue" id="t-3776" data-t="3776">And he backs it with Bitcoin</span> <span class="cue" id="t-3779" data-t="3779">and says, okay. Guy that's getting the loan, you're actually not getting the loan from me. You're getting it from Goldman Sachs. I'm gonna back that loan with the Bitcoin that I have in my treasury,</span> <span class="cue" id="t-3789" data-t="3789">and I'm gonna</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3790">1:03:10</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3790" data-t="3790">take, you know, fifth you know,</span> <span class="cue" id="t-3792" data-t="3792">50 basis points off the top. So if they're charging you 7%,</span> <span class="cue" id="t-3797" data-t="3797">you're gonna owe me</span> <span class="cue" id="t-3798" data-t="3798">7.5%.</span> <span class="cue" id="t-3800" data-t="3800">I'm gonna pay the 7%</span> <span class="cue" id="t-3802" data-t="3802">in your name</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3803">1:03:23</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3803" data-t="3803">to Goldman Sachs, and I'm gonna keep, you know, point 5% off the top, and that's my revenue.</span> <span class="cue" id="t-3809" data-t="3809">If he doesn't do that,</span> <span class="cue" id="t-3812" data-t="3812">then I'm just going to have</span> <span class="cue" id="t-3815" data-t="3815">nothing but problems with if he comes out with, you know, I don't know,</span> <span class="cue" id="t-3821" data-t="3821">t u r d, preferred perpetual.</span> <span class="cue" id="t-3824" data-t="3824">You know? I like that pays, you know, 15%</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3826">1:03:46</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3826" data-t="3826">or something like that. It's just because it doesn't make any sense. There's only there's only so much</span> <span class="cue" id="t-3832" data-t="3832">so many people out there that are dying to get into the next best thing that's gonna 10 x.</span> <span class="cue" id="t-3839" data-t="3839">And I I think there's I think it's kinda running out of steam, which is</span> <span class="cue" id="t-3844" data-t="3844">if I look at at Strive,</span> <span class="cue" id="t-3847" data-t="3847">at least they bought when they bought similar scientific,</span> <span class="cue" id="t-3851" data-t="3851">at least they bought a company that's got a revenue stream that that that has positive cash flow.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3858">1:04:18</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3858" data-t="3858">That makes sense,</span> <span class="cue" id="t-3860" data-t="3860">but continuously printing debt like you're the United States Treasury or the Federal Reserve,</span> <span class="cue" id="t-3867" data-t="3867">after a while that we we know how that goes.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3871">1:04:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3871" data-t="3871">Yeah.</span> <span class="cue" id="t-3872" data-t="3872">Well, you know, I guess</span> <span class="cue" id="t-3875" data-t="3875">really wrapping up the entire</span> <span class="cue" id="t-3877" data-t="3877">thought on the Bitcoin treasury company space</span> <span class="cue" id="t-3881" data-t="3881">is that</span> <span class="cue" id="t-3882" data-t="3882">that there is a difference. Like Michael Saylor is the pioneer</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3886">1:04:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3886" data-t="3886">in this,</span> <span class="cue" id="t-3887" data-t="3887">sector, like in this experiment and this strategy.</span> <span class="cue" id="t-3891" data-t="3891">And I think actually,</span> <span class="cue" id="t-3893" data-t="3893">although you raised like some pretty good points, that I,</span> <span class="cue" id="t-3896" data-t="3896">from my perspective, I could see it was gonna just keep borrowing and selling if like he can do it at virtually no</span> <span class="cue" id="t-3903" data-t="3903">coupon or no interest until that kind of runs out and then they'll probably stop. But I think actually that it, I've heard multiple people speculate on this, like that they are, they, when they change the name for micro strategy to strategy with that, that symbol</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3915">1:05:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3915" data-t="3915">that, it kind of followed or people suspected that they were doing</span> <span class="cue" id="t-3920" data-t="3920">this brand is over it takes a few years, but they slowly rebrand into,</span> <span class="cue" id="t-3926" data-t="3926">like they're gonna call them strategy bank. It's going to be some sort of financial</span> <span class="cue" id="t-3931" data-t="3931">services or financial</span> <span class="cue" id="t-3933" data-t="3933">offerings, something like what you were talking about. Maybe more broad than that, maybe more narrow, maybe something pivoted altogether. But at the end of the day, like, Sailor is the largest one at scale, the most quote unquote trusted,</span> <span class="cue" id="t-3945" data-t="3945">and most pioneer. And then there's a whole bunch of other companies that are doing this and it's very uninspired.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3951">1:05:51</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3951" data-t="3951">They don't, maybe they think they've got some sort of plan to,</span> <span class="cue" id="t-3956" data-t="3956">invest in something new and start generating real revenue.</span> <span class="cue" id="t-3959" data-t="3959">Or maybe they're going to try to become a financial city, but they don't really have a solid plan or direction, and they're just kind of</span> <span class="cue" id="t-3966" data-t="3966">piggybacking off of this wave,</span> <span class="cue" id="t-3968" data-t="3968">trying to get extra liquidity for pipe, etcetera.</span> <span class="cue" id="t-3973" data-t="3973">And I think that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3974">1:06:14</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3974" data-t="3974">that's just the only best something to pay attention to is like don't get caught up in all this hype. There's really probably one or two players that are going to execute this well and continue to grow and that's not even guaranteed.</span> <span class="cue" id="t-3987" data-t="3987">And the rest of these are definitely probably</span> <span class="cue" id="t-3990" data-t="3990">deemed before they, you know, even IPO.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3994">1:06:34</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-3994" data-t="3994">Yeah. And</span> <span class="cue" id="t-3995" data-t="3995">what I was thinking about earlier today was that</span> <span class="cue" id="t-3999" data-t="3999">given the the news of Strive</span> <span class="cue" id="t-4001" data-t="4001">buying similar scientific,</span> <span class="cue" id="t-4004" data-t="4004">what's what's being positioned with all like like, BeHodl</span> <span class="cue" id="t-4008" data-t="4008">is is a is a great example because it they just announced a 100 Bitcoin buy today.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4015">1:06:55</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4015" data-t="4015">It could be, because I usually look at the at these at the longer tail of these companies that are coming in to try to execute the strategy playbook.</span> <span class="cue" id="t-4024" data-t="4024">I see</span> <span class="cue" id="t-4025" data-t="4025">most of these is it is a hail Mary.</span> <span class="cue" id="t-4030" data-t="4030">Even Meta Planet was is a</span> <span class="cue" id="t-4032" data-t="4032">essentially,</span> <span class="cue" id="t-4034" data-t="4034">they actually sell they admit it themselves.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4037">1:07:17</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4037" data-t="4037">They're a failed</span> <span class="cue" id="t-4038" data-t="4038">management company in real estate.</span> <span class="cue" id="t-4041" data-t="4041">They failed.</span> <span class="cue" id="t-4042" data-t="4042">Right? However, they're in a position with the amount of Bitcoin that they have that they will also probably</span> <span class="cue" id="t-4048" data-t="4048">survive. Because if they can convert</span> <span class="cue" id="t-4051" data-t="4051">and go into financial services with the kind of bank that they got, they will probably be able to survive, but they won't if they can't find revenue. But for the rest of these guys,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4062">1:07:42</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4062" data-t="4062">I'm starting to think</span> <span class="cue" id="t-4064" data-t="4064">that these hail Mary passes</span> <span class="cue" id="t-4067" data-t="4067">are not</span> <span class="cue" id="t-4070" data-t="4070">some of them, like, the ones that came online a couple of months ago,</span> <span class="cue" id="t-4074" data-t="4074">are gonna, like, try to, like, construct debt instrumentation,</span> <span class="cue" id="t-4078" data-t="4078">like strategy,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4079">1:07:59</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4079" data-t="4079">sell, you know, perpetual</span> <span class="cue" id="t-4081" data-t="4081">preferreds,</span> <span class="cue" id="t-4082" data-t="4082">and get people to give them money so that they can buy more Bitcoin, which increases their general wealth,</span> <span class="cue" id="t-4090" data-t="4090">rinse and repeat.</span> <span class="cue" id="t-4091" data-t="4091">But these newer ones, like these last ones here,</span> <span class="cue" id="t-4095" data-t="4095">I'm starting to think that they're not even interested in doing that.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4099">1:08:19</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4099" data-t="4099">They're looking to get bought out.</span> <span class="cue" id="t-4101" data-t="4101">They're looking for they're looking for Strive or somebody like that to come just say, hey. We'll take the whole kit and caboodle off your hands.</span> <span class="cue" id="t-4109" data-t="4109">And, the top three guys at the company, you can be on our board of directors, and we'll pay your salary. Everybody else,</span> <span class="cue" id="t-4115" data-t="4115">bye.</span> <span class="cue" id="t-4116" data-t="4116">Gotta go.</span> <span class="cue" id="t-4117" data-t="4117">Right? So you're gonna see</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4121">1:08:41</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4121" data-t="4121">even</span> <span class="cue" id="t-4122" data-t="4122">even if I'm wrong</span> <span class="cue" id="t-4124" data-t="4124">about that particular theory,</span> <span class="cue" id="t-4126" data-t="4126">you are gonna start seeing massive collapse and consolidation</span> <span class="cue" id="t-4132" data-t="4132">probably starting pretty soon and continue throughout the year of 2026.</span> <span class="cue" id="t-4138" data-t="4138">I can't say who because I don't know, but</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4141">1:09:01</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4141" data-t="4141">it's that gut feeling. It's that that nagging at the back of my neck that's saying, yeah. This shit's coming to an end,</span> <span class="cue" id="t-4148" data-t="4148">and it's gonna convert into something else. And I think the something else is definitely going to include</span> <span class="cue" id="t-4156" data-t="4156">a whole bunch of</span> <span class="cue" id="t-4157" data-t="4157">collapse and consolidations.</span> <span class="cue" id="t-4160" data-t="4160">But I think these newer companies that are doing the strategy playbook, they're just looking to save their bacon at the top echelons of the company and say, hey. We've got enough Bitcoin to be interesting to somebody to just pick us up.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4175">1:09:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4175" data-t="4175">Sounds kinda like ICOs, the pump and dump. Yep.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4179">1:09:39</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4179" data-t="4179">Yep.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4180">1:09:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4180" data-t="4180">Well, I think</span> <span class="cue" id="t-4183" data-t="4183">going into the fountain boost, I think,</span> <span class="cue" id="t-4185" data-t="4185">one of the things</span> <span class="cue" id="t-4187" data-t="4187">a lot of these companies could do is,</span> <span class="cue" id="t-4190" data-t="4190">they could buy profitable Bitcoin podcasts, and then they could generate some revenue on the books.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4198">1:09:58</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4198" data-t="4198">Buy my bit Bitcoin podcast.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4201">1:10:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4201" data-t="4201">Exactly.</span> <span class="cue" id="t-4205" data-t="4205">So one of the things we do, we we read the fountain piece from the previous interview show that we did.</span> <span class="cue" id="t-4210" data-t="4210">You're following up Matt O'Dell. This is a fun conversation we had.</span> <span class="cue" id="t-4216" data-t="4216">He used to be a grumpy Bitcoin podcaster, but he's not so grumpy anymore. He's hairless, but he's not not as grumpy.</span> <span class="cue" id="t-4224" data-t="4224">Yeah. What do you think about his haircut?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4226">1:10:26</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4226" data-t="4226">Actually, it's a good looking haircut. I I can't really see it because he's always wearing a ball cap, but, hey. You know,</span> <span class="cue" id="t-4232" data-t="4232">what you gonna do? Clearly, though,</span> <span class="cue" id="t-4234" data-t="4234">he's got he's got a pretty nice looking haircut, at least the parts that you can see. My conjecture is that his wife gave it to him.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4243">1:10:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4243" data-t="4243">You know why his wife, gave him the haircut? Because he doesn't wanna be short Bitcoin?</span> <span class="cue" id="t-4249" data-t="4249">No. Because these these AI apps, it's it's way too easy when he has long hair to make him look like a girl, and she really doesn't like</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4258">1:10:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4258" data-t="4258">Right.</span> <span class="cue" id="t-4260" data-t="4260">She doesn't like she doesn't like the sexy Odell pictures made on AI.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4265">1:11:05</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4265" data-t="4265">Oh.</span> <span class="cue" id="t-4266" data-t="4266">Oh, bird.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4268">1:11:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4268" data-t="4268">She she doesn't she's a straight woman, and she doesn't like to admit</span> <span class="cue" id="t-4272" data-t="4272">that her husband looks super hot as a girl. Oh, dude. Double bird.</span> <span class="cue" id="t-4278" data-t="4278">Yeah. It was a fun interview.</span> <span class="cue" id="t-4282" data-t="4282">We talked we talked about a bunch of stuff. We talked about OpenSats.</span> <span class="cue" id="t-4285" data-t="4285">We talked about,</span> <span class="cue" id="t-4288" data-t="4288">Bitcoin podcast.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4292">1:11:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4292" data-t="4292">Odell,</span> <span class="cue" id="t-4293" data-t="4293">you know, I kinda liken him to</span> <span class="cue" id="t-4296" data-t="4296">these figures in American history that have been really important, like a like a Benjamin Franklin type character, like a Thomas Jefferson. Like, when our children are</span> <span class="cue" id="t-4307" data-t="4307">being schooled in the Citadel schools</span> <span class="cue" id="t-4310" data-t="4310">in the future,</span> <span class="cue" id="t-4312" data-t="4312">they're gonna be reading in the history books about the great Bitcoin podcasters. I'd I would lump you in there too. Oh, I appreciate that.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4320">1:11:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4320" data-t="4320">If if you were to compare yourself to</span> <span class="cue" id="t-4322" data-t="4322">as a Bitcoin podcaster to somebody in</span> <span class="cue" id="t-4326" data-t="4326">American history like a Thomas Paine or, you know, somebody like that, who who do you think you would,</span> <span class="cue" id="t-4331" data-t="4331">be likened to in the history of books fifty years from today?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4338">1:12:18</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4338" data-t="4338">David Gilmore.</span> <span class="cue" id="t-4342" data-t="4342">I don't know why.</span> <span class="cue" id="t-4344" data-t="4344">He's just my favorite guitar player.</span> <span class="cue" id="t-4348" data-t="4348">I don't really have a lot of knowledge,</span> <span class="cue" id="t-4351" data-t="4351">off the top of my head of, you know, great historical figures.</span> <span class="cue" id="t-4355" data-t="4355">What I don't know. I mean,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4359">1:12:39</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4359" data-t="4359">we all make our own history.</span> <span class="cue" id="t-4362" data-t="4362">You know? It's it's like</span> <span class="cue" id="t-4364" data-t="4364">again, this is sort of, like, I I go back to</span> <span class="cue" id="t-4368" data-t="4368">trying not to give my energy over into worrying about whether or not somebody gets their comeuppance.</span> <span class="cue" id="t-4375" data-t="4375">You know, all I can really do</span> <span class="cue" id="t-4378" data-t="4378">instead of,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4380">1:13:00</a><span class="cue-body"><b class="cue-who">David Bennett</b> <span class="cue" id="t-4380" data-t="4380">you know,</span> <span class="cue" id="t-4381" data-t="4381">wasting my time trying to figure out if I'm like George Washington or not is to just be David Bennett.</span> <span class="cue" id="t-4388" data-t="4388">I mean, that's</span> <span class="cue" id="t-4390" data-t="4390">which is my real name. You don't I mean, I've I say it I say it on the podcast all the time, so I'm already doxed and have been so for years.</span> <span class="cue" id="t-4398" data-t="4398">But that's that's the only person that I can ever be. You know? I can't be like somebody else because I'm not them.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4407">1:13:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4407" data-t="4407">Totally.</span> <span class="cue" id="t-4408" data-t="4408">It it is interesting to think about. Like, Bitcoin Podcasts Matter, we we've all</span> <span class="cue" id="t-4413" data-t="4413">that have participated in this, we've had a sizable impact on history.</span> <span class="cue" id="t-4418" data-t="4418">We've been the,</span> <span class="cue" id="t-4420" data-t="4420">propaganda arm for this shift</span> <span class="cue" id="t-4424" data-t="4424">for for a variety of reasons.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4427">1:13:47</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4427" data-t="4427">Some of us are spooks. Some of us are good intentioned individuals. Some of us are opportunists.</span> <span class="cue" id="t-4434" data-t="4434">But either way, we've played a role in history. We've impacted people's lives. And, Bitcoin,</span> <span class="cue" id="t-4440" data-t="4440">you know, I think we're all predicting is gonna have a pretty sizable</span> <span class="cue" id="t-4443" data-t="4443">impact on history. But, yeah,</span> <span class="cue" id="t-4446" data-t="4446">we we we talk about the found boost. So,</span> <span class="cue" id="t-4450" data-t="4450">before Ron, I want you to read this first one. But before we get there, I forgot to read a boost from Barn Barn</span></span></p>
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