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Transcript: Big Bitcoin Strikes Back | Bugle Weekly Episode 119
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diff --git a/wiki/transcripts/big-bitcoin-strikes-back-bugle-weekly-episode-119.md b/wiki/transcripts/big-bitcoin-strikes-back-bugle-weekly-episode-119.md new file mode 100644 index 00000000..675fefe2 @@ -0,0 +1,385 @@ +--- +title: "Transcript: Big Bitcoin Strikes Back | Bugle Weekly Episode 119" +type: transcript +episode: big-bitcoin-strikes-back-bugle-weekly-episode-119 +generated: true +date: 2026-07-28 +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/5enxV4vB9stEBeiHL76x/files/AUDIO---DEFAULT---59581551-ba96-4c0d-a2c2-5e6e3b5b2771.mp3" +duration: "1:10:07" +sources: + - raw/episodes/big-bitcoin-strikes-back-bugle-weekly-episode-119/bundle.json +--- + +<p class="cue-p"><a class="cue-t" href="#t-0">0:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-0" data-t="0">Folks, welcome back to the Bugle Weekly. And before we get in the show,</span> <span class="cue" id="t-4" data-t="4">just want to give a</span> <span class="cue" id="t-8" data-t="8">just remember John c Dvorak</span> <span class="cue" id="t-11" data-t="11">and what he has done for podcasting. He was the cohost of No Agenda and just died</span> <span class="cue" id="t-17" data-t="17">last week,</span> <span class="cue" id="t-19" data-t="19">leaving Adam Curry with some, you know, massive shoes to fill. And, I don't know if Adam is going to be able to fill his shoes</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-28">0:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-28" data-t="28">or what,</span> <span class="cue" id="t-31" data-t="31">but John C. Dvorak, true pioneer in the broadcasting world,</span> <span class="cue" id="t-35" data-t="35">really</span> <span class="cue" id="t-37" data-t="37">growing</span> <span class="cue" data-t="37">podcasting.</span> <span class="cue" id="t-40" data-t="40">You know, No Agenda is a very, very, very</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">influential</span> <span class="cue" id="t-45" data-t="45">famous</span> <span class="cue" id="t-47" data-t="47">podcast. I wouldn't call it a Bitcoin podcast, but it's a Bitcoin Bitcoin podcast adjacent. And,</span> <span class="cue" id="t-54" data-t="54">yeah, him and Adam really</span> <span class="cue" id="t-56" data-t="56">were the pioneers of promoting,</span> <span class="cue" id="t-60" data-t="60">growing, creating this idea of value for value.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-64">1:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-64" data-t="64">You know, they did it in the most boomer way possible where people would mail them</span> <span class="cue" id="t-69" data-t="69">checks every week or or month or or year instead of doing fountain boost.</span> <span class="cue" id="t-75" data-t="75">But,</span> <span class="cue" id="t-77" data-t="77">if you're a listener to no agenda,</span> <span class="cue" id="t-81" data-t="81">Do you know how big of a deal this is that he's gone? And I I think this really marks,</span> <span class="cue" id="t-87" data-t="87">in many ways, the end of the era. We're watching a huge</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-91">1:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-91" data-t="91">shift</span> <span class="cue" id="t-93" data-t="93">happen now as many of the boomers are</span> <span class="cue" id="t-97" data-t="97">dying off. Some of them are clutching onto life as, long as possible. Some of them we like. Some of them like John.</span> <span class="cue" id="t-104" data-t="104">He was a good boomer. Some of them we don't like, like, Lindsey Graham. He was a bad boomer.</span> <span class="cue" id="t-110" data-t="110">But we're seeing this</span> <span class="cue" id="t-112" data-t="112">this massive shift. And as we all know, generation x is not gonna</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-116">1:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-116" data-t="116">pick up the mantle. It's gonna be</span> <span class="cue" id="t-120" data-t="120">left to the hands of the the millennials, the broccoli haircuts, and and even</span> <span class="cue" id="t-125" data-t="125">generation alpha. The the kids that are still singing baby shark are gonna have to fix the future where Gen x is failing. And,</span> <span class="cue" id="t-133" data-t="133">I mean, we're seeing this clearly now. Rod, you know, you've been monitoring the situation of the boomers crashing out in spaces.</span> <span class="cue" id="t-139" data-t="139">It it seems like it's</span> <span class="cue" id="t-141" data-t="141">it's getting out of control over there.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-146">2:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-146" data-t="146">Are you seeing this massive</span> <span class="cue" id="t-148" data-t="148">shift happen where the boomers are,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-152">2:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-152" data-t="152">We we</span> <span class="cue" id="t-154" data-t="154">we predicted,</span> <span class="cue" id="t-156" data-t="156">that this would be</span> <span class="cue" id="t-158" data-t="158">the summer of crash outs. We predicted that the crash outs would accelerate</span> <span class="cue" id="t-164" data-t="164">and that he he would be at a</span> <span class="cue" id="t-166" data-t="166">unprecedented</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-167">2:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-167" data-t="167">pace. But we didn't predict, and I don't know if we</span> <span class="cue" id="t-171" data-t="171">either of us</span> <span class="cue" id="t-172" data-t="172">foresaw</span> <span class="cue" id="t-174" data-t="174">the the</span> <span class="cue" id="t-176" data-t="176">the the crash outs would be so targeted to a single</span> <span class="cue" id="t-180" data-t="180">age demographic,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-181">3:01</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-181" data-t="181">and it's</span> <span class="cue" id="t-182" data-t="182">the boomers. The boomers are crashing out left and right. And I don't</span> <span class="cue" id="t-187" data-t="187">I mean, maybe we can get into why.</span> <span class="cue" id="t-190" data-t="190">Maybe maybe that's where we start. Why do you think that the crash outs have been so focused on the boomers? Because I thought we were gonna see a lot from broccoli haircuts because</span> <span class="cue" id="t-199" data-t="199">why not? Right? Like, the</span> <span class="cue" id="t-202" data-t="202">the the cards are stacked against the broccoli haircuts right now.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-206">3:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-206" data-t="206">They can't buy a house. They can't afford a house. They can't afford you.</span> <span class="cue" id="t-210" data-t="210">Some of them are still going to college, but they're just getting saddled with debt.</span> <span class="cue" id="t-214" data-t="214">They can't get a job because they're not as productive</span> <span class="cue" id="t-217" data-t="217">as Claude or Chad JBT. They can't afford Bitcoin. They can't afford anything. They can't</span> <span class="cue" id="t-223" data-t="223">afford to do anything</span> <span class="cue" id="t-224" data-t="224">except for,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-226">3:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-226" data-t="226">I don't know, crash app. And some of them are. Like, you go to the cities,</span> <span class="cue" id="t-230" data-t="230">you go to the urban centers, you've got what they Tim Dillon talked about this a few weeks ago. He's flash mobs where it's just</span> <span class="cue" id="t-237" data-t="237">they're just committing crimes and violence</span> <span class="cue" id="t-240" data-t="240">and twerking and just doing all this nonsense for the simple reasons. They wanna go viral. They wanna be viral on social media. They wanna be on video,</span> <span class="cue" id="t-250" data-t="250">curb stomping,</span> <span class="cue" id="t-251" data-t="251">you know, somebody from the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-254">4:14</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-254" data-t="254">the the Proud Boys or Antifa</span> <span class="cue" id="t-257" data-t="257">or whatever.</span> <span class="cue" id="t-258" data-t="258">And so there there there are isolated crash outs from the broccoli haircuts. The millennials,</span> <span class="cue" id="t-264" data-t="264">again, like, they they've always been crashing out. They're crashing out over</span> <span class="cue" id="t-269" data-t="269">the words coming back that we're supposed to you know, the the the most offended generation in history, the millennials, they're they're always crashing out about being offended. And then you got gen x who they're crashing out at a very high rate,</span> <span class="cue" id="t-282" data-t="282">but the gen again, Gen x just doesn't matter. It's like the least</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-286">4:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-286" data-t="286">it's the least</span> <span class="cue" id="t-289" data-t="289">consequential</span> <span class="cue" id="t-291" data-t="291">generation, perhaps in American history, the least</span> <span class="cue" id="t-294" data-t="294">interesting,</span> <span class="cue" id="t-295" data-t="295">the least funny,</span> <span class="cue" id="t-297" data-t="297">the least culturally relevant,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-300">4:60</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-300" data-t="300">the least</span> <span class="cue" id="t-301" data-t="301">willing to take self responsibility and personal accountability for anything,</span> <span class="cue" id="t-306" data-t="306">they just wanna reminisce on how great fight club was, how fate how great</span> <span class="cue" id="t-311" data-t="311">star you know, the matrix was,</span> <span class="cue" id="t-314" data-t="314">argue over what's better, Star Trek or Star Wars,</span> <span class="cue" id="t-318" data-t="318">talk about how great comic books were,</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">Rod Palmer</b> <span class="cue" id="t-322" data-t="322">how they went and saw the band tool,</span> <span class="cue" id="t-324" data-t="324">got went to a Phish concert, a Grateful Dead concert. Like, okay. Whatever. Like, you you they obviously, you're in the you're not even in the fourth turning yet. You're still in the third turning.</span> <span class="cue" id="t-333" data-t="333">When you peaked,</span> <span class="cue" id="t-335" data-t="335">but</span> <span class="cue" id="t-336" data-t="336">the boomers and I don't know. Is it because their Social Security is not keeping up with inflation? Is it because they're losing all their Social Security at I've slot machines in Vegas.</span> <span class="cue" id="t-347" data-t="347">Is it because their house right? House prices were going</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-351">5:51</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-351" data-t="351">not going up as high as they thought, and they can't sell it so they can go to Vegas again? Like, why are the boomers crashing out so hard?</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">Richard Greaser</b> <span class="cue" id="t-358" data-t="358">I think it's a few things. I I think it's because,</span> <span class="cue" id="t-364" data-t="364">they they want the Fed to</span> <span class="cue" id="t-366" data-t="366">lower interest rates and, issued, a sense of security. But, I mean, I think this is the boomers are crashing out for the same reason that, you know, many Bitcoin people are crashing out is that,</span> <span class="cue" id="t-378" data-t="378">they bought into the swamp a little bit too hard, and they thought the world would look a certain way, and it doesn't look the way that they want it to. And, you know, like, the boomers are just like many, Bitcoin people where they</span> <span class="cue" id="t-392" data-t="392">are really, like,</span> <span class="cue" id="t-394" data-t="394">okay with this idea of everything collapsing around them as long as they're rich and comfortable. And,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-401">6:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-401" data-t="401">you know, many Bitcoin people are like, oh, you know, we we,</span> <span class="cue" id="t-405" data-t="405">have a DCA non swan. We're gonna be, you know, rich for the rest of our lives. We're gonna watch everybody else have fun staying poor, and, life is gonna be, you know, great and easy for us. That's that's what, you know, many of the boomers did is they they thought that, you know, they</span> <span class="cue" id="t-421" data-t="421">they could</span> <span class="cue" id="t-422" data-t="422">work and, you know,</span> <span class="cue" id="t-424" data-t="424">take two weeks off vacation</span> <span class="cue" id="t-428" data-t="428">once or twice a year and,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-432">7:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-432" data-t="432">you know, be able to have a Social Security check to give away a slot machines and and sit in Twitter spaces all day and, you</span> <span class="cue" id="t-440" data-t="440">know, argue about</span> <span class="cue" id="t-441" data-t="441">the weather. And then instead, it seems like everything,</span> <span class="cue" id="t-445" data-t="445">you know, that they were betting on is</span> <span class="cue" id="t-448" data-t="448">is changing and collapsing around them. I mean, like, these these people grew up believing the moon landing was real their whole lives,</span> <span class="cue" id="t-456" data-t="456">and now that's in jeopardy. They they they believe that</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-459">7:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-459" data-t="459">anybody that believed in aliens</span> <span class="cue" id="t-462" data-t="462">was an idiot.</span> <span class="cue" id="t-463" data-t="463">And now,</span> <span class="cue" id="t-465" data-t="465">you know, it is, like, mainstream</span> <span class="cue" id="t-467" data-t="467">to to talk about aliens or or at least the government's saying that there's aliens. Yeah. They Well, I think</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-474">7:54</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-474" data-t="474">I</span> <span class="cue" id="t-475" data-t="475">think it really boils down to</span> <span class="cue" id="t-478" data-t="478">a couple of different buckets. But I think you gotta start with</span> <span class="cue" id="t-482" data-t="482">the average boomer had</span> <span class="cue" id="t-485" data-t="485">well, I mean, they were bore they were all born on third base, and they thought, you know,</span> <span class="cue" id="t-490" data-t="490">they with with wife handed to them on a silver platter. There was a study that came out the other day that somebody earning minimum wage in 1971</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-501">8:21</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-501" data-t="501">I have the same</span> <span class="cue" id="t-502" data-t="502">affordability</span> <span class="cue" id="t-503" data-t="503">and quality of life as somebody who makes 6 figure salary today.</span> <span class="cue" id="t-508" data-t="508">You were able to work as, you know, a cobbler's assistant</span> <span class="cue" id="t-513" data-t="513">at the local strip mall,</span> <span class="cue" id="t-515" data-t="515">part time,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-517">8:37</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-517" data-t="517">making minimum wage, and you could afford a a 4,000 square foot house, two cars,</span> <span class="cue" id="t-522" data-t="522">you could have five kids. But, you know, you just put your money in bonds in the nineteen eighties to the, you know, 2020,</span> <span class="cue" id="t-529" data-t="529">and</span> <span class="cue" id="t-530" data-t="530">you're able to retire.</span> <span class="cue" id="t-531" data-t="531">Boomers were born with life handed to them on a silver platter. It was</span> <span class="cue" id="t-536" data-t="536">the ultimate you know, the basically, it was the cold war, but, really, United States was the the main economic</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-543">9:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-543" data-t="543">and military superpower, especially in this, you know, as they got towards their adult life.</span> <span class="cue" id="t-549" data-t="549">They lived through globalization</span> <span class="cue" id="t-552" data-t="552">in the outsourcing of, like, they you know, a lot of boomers</span> <span class="cue" id="t-556" data-t="556">alive today, they didn't have to work</span> <span class="cue" id="t-559" data-t="559">in a factory their whole lives. Most of them got to get an email job when the Internet was invented and we sent all the jobs to Mexico and China.</span> <span class="cue" id="t-566" data-t="566">They didn't have to work hard.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-569">9:29</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-569" data-t="569">They</span> <span class="cue" id="t-570" data-t="570">they barely had to be able to learn how to use the Internet and still become executives and corporations.</span> <span class="cue" id="t-577" data-t="577">They but the problem is that they were born with this unique</span> <span class="cue" id="t-580" data-t="580">in this, like, Goldilocks zone of having the easiest life of any human generation to ever live.</span> <span class="cue" id="t-586" data-t="586">But they didn't realize it. It's like the the quote where the fish is like the old fish swims by the young fish and says, good morning, boys. How's the water today? And the two young fish because they just</span> <span class="cue" id="t-598" data-t="598">they're so immersed. Or you can't see the forest for the trees. They're like, what is water? The boomers didn't realize how easy they had it until</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-607">10:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-607" data-t="607">the millennials and the gen x er or the gen z, the broccoli haircuts,</span> <span class="cue" id="t-611" data-t="611">started to point it out to them, started to mock them and say how, you know, they we're able to buy a house for a carton of blueberries back in the nineteen sixties and seventies.</span> <span class="cue" id="t-621" data-t="621">And they started to reflect on their lives, and they realized that they missed out on a shitload of glaze. Like, they're seeing all the glaze going around.</span> <span class="cue" id="t-630" data-t="630">They're seeing all the, like, all the things that they,</span> <span class="cue" id="t-633" data-t="633">you know, saw</span> <span class="cue" id="t-634" data-t="634">you can't really</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-636">10:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-636" data-t="636">say that every boomer</span> <span class="cue" id="t-639" data-t="639">had the easiest life and just got rich on accident by trusting the government, but many did. And the ones who didn't</span> <span class="cue" id="t-646" data-t="646">are looking back and they're kicking themselves, and they're like, why didn't I just buy a twenty year government bond in 2000</span> <span class="cue" id="t-652" data-t="652">or in 1981?</span> <span class="cue" id="t-654" data-t="654">Why didn't I just</span> <span class="cue" id="t-656" data-t="656">buy a bunch of houses</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-657">10:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-657" data-t="657">with the spare change under my sofa</span> <span class="cue" id="t-660" data-t="660">and did sell them, you know, in in in the early two thousand twenties. Like, why did I mess up? And and so they're, like, living this</span> <span class="cue" id="t-668" data-t="668">you you have, like, midlife crisis.</span> <span class="cue" id="t-670" data-t="670">Well, boomers are having</span> <span class="cue" id="t-672" data-t="672">endlife crisis where they didn't get they didn't take advantage</span> <span class="cue" id="t-676" data-t="676">of all the just unprecedented</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-679">11:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-679" data-t="679">once in a gen you know, once in a millennia opportunity that they had living in the easiest times of of, you know, human history.</span> <span class="cue" id="t-687" data-t="687">And the other thing is that they're coming to this realization</span> <span class="cue" id="t-691" data-t="691">that</span> <span class="cue" id="t-692" data-t="692">they missed</span> <span class="cue" id="t-695" data-t="695">they did, you know, they they were too young to miss the last chopper out of Vietnam.</span> <span class="cue" id="t-700" data-t="700">And they may have missed the last opportunity</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-704">11:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-704" data-t="704">to be</span> <span class="cue" id="t-705" data-t="705">self sovereign, in this era,</span> <span class="cue" id="t-707" data-t="707">in this accelerated</span> <span class="cue" id="t-708" data-t="708">first turning environment that we live in. And so they're desperately</span> <span class="cue" id="t-712" data-t="712">clasping to the one</span> <span class="cue" id="t-715" data-t="715">opportunity they can have to be self sovereign, which is being a node runner. And</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-720">11:60</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-720" data-t="720">they've been sold this this narrative that running a node makes you a self sovereign individual.</span> <span class="cue" id="t-726" data-t="726">And they're finding out</span> <span class="cue" id="t-728" data-t="728">that</span> <span class="cue" id="t-730" data-t="730">maybe it's more complicated</span> <span class="cue" id="t-731" data-t="731">than that. Maybe a pleb node</span> <span class="cue" id="t-734" data-t="734">is not just a you know, you don't just give Start Nine $1,000</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-738">12:18</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-738" data-t="738">and not yourself's offer because you have a Start Nine pleb node. And</span> <span class="cue" id="t-742" data-t="742">being who they are, boomers who were coddled and have the easiest lives of all time, like, they don't like being told no. Boomers are not being used to being told no, and be these younger generations are now saying to the boomers, no.</span> <span class="cue" id="t-755" data-t="755">Totally.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-758">12:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-758" data-t="758">Yeah. I mean, I I think they had these expectations that life is gonna look a certain way.</span> <span class="cue" id="t-763" data-t="763">Right? And, you know, they began to to ask questions. Like, they never they never</span> <span class="cue" id="t-768" data-t="768">thought about self sovereignty being,</span> <span class="cue" id="t-770" data-t="770">you know, a topic discussion because,</span> <span class="cue" id="t-774" data-t="774">it was just inconvenient, and they had everything handed to them. And so the the default was always choosing convenience, but now things are becoming more inconvenient.</span> <span class="cue" id="t-783" data-t="783">And self sovereignty is,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-788">13:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-788" data-t="788">more</span> <span class="cue" id="t-789" data-t="789">it makes more sense and is more attractive,</span> <span class="cue" id="t-791" data-t="791">you know, to consider.</span> <span class="cue" id="t-793" data-t="793">But</span> <span class="cue" id="t-796" data-t="796">self sovereignty is difficult because, you know, many of them, they they have old bodies. They can't handle self sovereignty. They can't handle</span> <span class="cue" id="t-804" data-t="804">waking up every morning and</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-806">13:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-806" data-t="806">tending to,</span> <span class="cue" id="t-807" data-t="807">you know,</span> <span class="cue" id="t-808" data-t="808">the chickens and, you know, going out and for hours and hour, mending fences in the</span> <span class="cue" id="t-815" data-t="815">in the wilderness. And so yeah. I mean, they're they're looking at node running as a</span> <span class="cue" id="t-821" data-t="821">potential way to</span> <span class="cue" id="t-823" data-t="823">attain that experience of being self sovereign.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-828">13:48</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-828" data-t="828">But they they don't there there there's a a technological</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-833">13:53</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-833" data-t="833">illiteracy that they all have. They they don't know how to use their iPhones. Absolutely. Absolutely. They don't know how to use their iPhones. They don't know how to talk to chat GPT. They talk to chat GPT like it's a server at a restaurant, and we've all been with boomers</span> <span class="cue" id="t-846" data-t="846">who try to talk to or try, you know, the slightest inconvenience and they're crashing out at the waitress at TGI Fridays. And they do the same thing with Chatsch AT and T. They do the same thing with AI. They crash out and they spend all their tokens crashing out instead of using</span> <span class="cue" id="t-863" data-t="863">AI to build something valuable, to</span> <span class="cue" id="t-865" data-t="865">create</span> <span class="cue" id="t-867" data-t="867">a framework</span> <span class="cue" id="t-868" data-t="868">that they can use that they can scale their self sovereignty on.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-872">14:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-872" data-t="872">And then you, you know, going back to this point of, like, nobody was telling the boomers no. One of the biggest crash out stories on the timeline right now is Puncher.</span> <span class="cue" id="t-881" data-t="881">He goes by, you know, Puncher, like, what, 522 or something. And if you if you if you're on the timeline, you're in the group chats, you know what I'm talking about. Puncher is this is a is in Maxi Madness. He was in the playing rounds.</span> <span class="cue" id="t-894" data-t="894">He is a a staple</span> <span class="cue" id="t-896" data-t="896">in the spaces, especially the morning and evening Bitcoin spaces</span> <span class="cue" id="t-900" data-t="900">on on x, formally Twitter.</span> <span class="cue" id="t-903" data-t="903">And</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-904">15:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-904" data-t="904">he's just</span> <span class="cue" id="t-905" data-t="905">this has been a weeks long crash out</span> <span class="cue" id="t-909" data-t="909">and we, you know, come to find out I mean, it's in his bio, it's not gonna be docs, the guy, but he was he used to be in the military and he was a fighter pilot</span> <span class="cue" id="t-917" data-t="917">And he was which means you're an officer.</span> <span class="cue" id="t-920" data-t="920">So this guy was used to walking around and being saluted by plebs everywhere he went. Saluted by everybody. It was it was mandatory. He had to be saluted. He had to be glazed. And he's kinda he he he's now in this wild he's on the frontier on a in on Bitcoin Twitter. And people are not gla I mean, you've got</span> <span class="cue" id="t-941" data-t="941">Timothy Bitcoins who's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-943">15:43</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-943" data-t="943">dunking on him. Vinny Bitcoins constantly dunking on him. He's got Mars running circles around him in the group chats.</span> <span class="cue" id="t-950" data-t="950">And Mars ganged up with David Daley to get Hunter</span> <span class="cue" id="t-954" data-t="954">to rage quit.</span> <span class="cue" id="t-956" data-t="956">Mama humbles</span> <span class="cue" id="t-958" data-t="958">her chat recently. And it's it's it's just this it's this narrative shift. Like a boomer</span> <span class="cue" id="t-964" data-t="964">who was in the military.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-967">16:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-967" data-t="967">I mean, support the troops. Right? Like, so much glaze that was just it was institutional</span> <span class="cue" id="t-973" data-t="973">glaze that he felt entitled to.</span> <span class="cue" id="t-975" data-t="975">Young people did not talk back to him.</span> <span class="cue" id="t-978" data-t="978">And now he's got he's just got</span> <span class="cue" id="t-981" data-t="981">everybody talking shit. Nobody cares anymore. Nobody has any respect anymore, and he can't handle it. And he's trying to pull up</span> <span class="cue" id="t-989" data-t="989">these examples of the the revolutionary war and the 3% and</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">the support the troops narratives, and it's just those narratives, those are fourth turning, third turning narratives. They don't work anymore. And it's just very difficult for these boomers to handle</span> <span class="cue" id="t-1005" data-t="1005">getting talked back to and just not getting respect,</span> <span class="cue" id="t-1010" data-t="1010">you know, by default.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1014">16:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1014" data-t="1014">Totally.</span> <span class="cue" id="t-1015" data-t="1015">Well, I mean, it's, the the the</span> <span class="cue" id="t-1017" data-t="1017">like, one one of the reasons why gen x is so useless</span> <span class="cue" id="t-1021" data-t="1021">as a generation is, it is very clear that they're useless as a generation because the boomers are still in power. And, like, the boomers have grown accustomed to this idea of, younger generations just being kind of, subservient to them and and going along with whatever they</span> <span class="cue" id="t-1037" data-t="1037">they say or by default without really questioning it. And and why did they do that is because,</span> <span class="cue" id="t-1042" data-t="1042">you know, boomers have held</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1044">17:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1044" data-t="1044">the money printers,</span> <span class="cue" id="t-1046" data-t="1046">essentially. You know, Gen x, you know, they're like, okay. If</span> <span class="cue" id="t-1050" data-t="1050">I just, like, shut my mouth and and do what I told, I'm gonna be, you know, handed</span> <span class="cue" id="t-1054" data-t="1054">a a mortgage, and then I can afford to buy a house. And, like, you know, the the problem with</span> <span class="cue" id="t-1060" data-t="1060">the younger generations is,</span> <span class="cue" id="t-1062" data-t="1062">the the money printer isn't is accessible to them, and they they just don't really care. Right?</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">Richard Greaser</b> <span class="cue" id="t-1068" data-t="1068">And so they're doing what is natural, what a Gen X should have done</span> <span class="cue" id="t-1074" data-t="1074">in the first place, which is</span> <span class="cue" id="t-1076" data-t="1076">rip the power out of the boomer's hands.</span> <span class="cue" id="t-1079" data-t="1079">Because this</span> <span class="cue" id="t-1080" data-t="1080">is this is part of, like, the natural order of things. Right? Is younger generations taking</span> <span class="cue" id="t-1087" data-t="1087">of the reins of power from the older generation? You you go and you watch old movies, like, what happens all the time? It's,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1094">18:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1094" data-t="1094">you know, the the sinister crazy,</span> <span class="cue" id="t-1096" data-t="1096">you know, son or or nephew or whatever, like, poisons their dad to, like, become</span> <span class="cue" id="t-1101" data-t="1101">king, you know, in a power struggle with, you know, their brother.</span> <span class="cue" id="t-1104" data-t="1104">You know, there there's all of those things that that happen eventually. Like, what how does power work ultimately?</span> <span class="cue" id="t-1111" data-t="1111">The the strong</span> <span class="cue" id="t-1113" data-t="1113">hold on to it. And it's very clear, you know, the boomers are not, like,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1117">18:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1117" data-t="1117">strong physically or or mentally</span> <span class="cue" id="t-1120" data-t="1120">now. Oh, this is</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1122">18:42</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1122" data-t="1122">this is where it comes full circle.</span> <span class="cue" id="t-1124" data-t="1124">The</span> <span class="cue" id="t-1125" data-t="1125">Gen X was</span> <span class="cue" id="t-1127" data-t="1127">simultaneously</span> <span class="cue" id="t-1128" data-t="1128">the most neglected</span> <span class="cue" id="t-1130" data-t="1130">generation of all time</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1132">18:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1132" data-t="1132">and the most compliant</span> <span class="cue" id="t-1133" data-t="1133">because they saw</span> <span class="cue" id="t-1135" data-t="1135">how easy their boomer parents had it, and they said, I'm not gonna fight it. I'm just gonna go along with go with the flow,</span> <span class="cue" id="t-1143" data-t="1143">watch MTV, and I'll get what my boomer parents had. And they didn't get it, but it's too late for them now. Gen x, they did not cultivate a habit of being,</span> <span class="cue" id="t-1154" data-t="1154">self starters. They did not cultivate a habit of ambition,</span> <span class="cue" id="t-1158" data-t="1158">of making difficult choices. They just</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1161">19:21</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1161" data-t="1161">went with the flow,</span> <span class="cue" id="t-1163" data-t="1163">if you know what I mean. And then the millennials</span> <span class="cue" id="t-1167" data-t="1167">were born in this, like, safe space bubble, this nerfed life,</span> <span class="cue" id="t-1172" data-t="1172">overprotected,</span> <span class="cue" id="t-1174" data-t="1174">and they just don't know how to operate outside of the safe space. So anytime a millennial gets to up the beat, all a boomer had to do was make a racist joke or say a slur, and the millennial would start crying and run away, run back to their safe space.</span> <span class="cue" id="t-1189" data-t="1189">But</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1190">19:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1190" data-t="1190">where this crashing app is starting to really come to a head is because generation z</span> <span class="cue" id="t-1195" data-t="1195">is completely</span> <span class="cue" id="t-1197" data-t="1197">unaffected</span> <span class="cue" id="t-1198" data-t="1198">by slurs and racist jokes.</span> <span class="cue" id="t-1200" data-t="1200">A boomer</span> <span class="cue" id="t-1202" data-t="1202">does a racist joke</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1203">20:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1203" data-t="1203">at a Gen z broccoli haircut,</span> <span class="cue" id="t-1206" data-t="1206">and they get one back so offensive that the boomer is the one crashing out. Boomers love to say the n word. They love to make fun of women and talk about sexual harassment. But the second you question</span> <span class="cue" id="t-1219" data-t="1219">whether or not Adolf Hitler and the Nazis were good or bad, a boomer just their brain short circuits.</span> <span class="cue" id="t-1225" data-t="1225">All all of Gen z broccoli Erica has to do is make an ironic statement glazing Adolf Hitler, and a boomer absolutely shuts down and crashes out. They cannot handle it, especially if they're Jewish.</span> <span class="cue" id="t-1236" data-t="1236">So the they had no</span> <span class="cue" id="t-1238" data-t="1238">if they they never had</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1243">20:43</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1243" data-t="1243">to parent adversarially</span> <span class="cue" id="t-1244" data-t="1244">or grandparent adversarially</span> <span class="cue" id="t-1246" data-t="1246">before</span> <span class="cue" id="t-1247" data-t="1247">until the brotheling haircuts came along. And they're just unequipped to do it, and they're too old to learn new tricks. Chat GpK can't help them</span> <span class="cue" id="t-1254" data-t="1254">because Chat GPG is not afraid to be racist either. Well, Chat GPG maybe, but Crocs is not. And</span> <span class="cue" id="t-1260" data-t="1260">it's it the first for the first time, a generation is able to stand up. Even though the millennials would stand up to the boomers, it was very easy to throw them aside.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1270">21:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1270" data-t="1270">The gen gen z, they they they they don't have a strategy for dealing with broccoli haircuts. And this is why we've been saying for so long, the broccoli haircuts are going to be a problem. They're not gonna be a problem for millennial unless, you know,</span> <span class="cue" id="t-1284" data-t="1284">unless they're making fun they they cry when a Gen z makes fun of you for watching Harry Potter every day. But it his it's it's it's just an unprecedented time. And</span> <span class="cue" id="t-1296" data-t="1296">what's happening now,</span> <span class="cue" id="t-1298" data-t="1298">we talked about this</span> <span class="cue" id="t-1300" data-t="1300">journey to self sovereignty running exclusively</span> <span class="cue" id="t-1303" data-t="1303">through a a SpaceX node from start nine,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1307">21:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1307" data-t="1307">is we have the rise of big Bitcoin. And this is not all boomers are crashing out about this, but the boomers who</span> <span class="cue" id="t-1315" data-t="1315">thought that they were special</span> <span class="cue" id="t-1317" data-t="1317">because they started listening to podcasts</span> <span class="cue" id="t-1320" data-t="1320">a couple of years ago, and they thought node running made them special</span> <span class="cue" id="t-1325" data-t="1325">or crashing out alongside Gen x, alongside millennials. I don't know about Gen z, what they're crashing out about. But big Bitcoin is rearing its ugly head. We've got this new consortium</span> <span class="cue" id="t-1335" data-t="1335">of of of Bitcoin security for Bitcoin development.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1339">22:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1339" data-t="1339">What this is new. This is a this might as well be breaking news. Like,</span> <span class="cue" id="t-1343" data-t="1343">what</span> <span class="cue" id="t-1344" data-t="1344">what are your thoughts on this rise of big Bitcoin? Because it seems like</span> <span class="cue" id="t-1349" data-t="1349">a steamroller is coming through,</span> <span class="cue" id="t-1351" data-t="1351">and it's too early to</span> <span class="cue" id="t-1353" data-t="1353">to to really determine that. But it seems like a steamroller is coming through, and it is</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1357">22:37</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1357" data-t="1357">absolutely</span> <span class="cue" id="t-1359" data-t="1359">leaving a lot of collateral damage in the form of of, you know, plebs in its wake.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1366">22:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1366" data-t="1366">Well, I think this is a</span> <span class="cue" id="t-1368" data-t="1368">it's a lesson to never underestimate your enemy. Right? Like, there were a lot of people that were cheering and dancing, and they said that, you know, Podkoff was dead. And, you know, it was all over. They they they watched David Bailey's,</span> <span class="cue" id="t-1380" data-t="1380">knock a stock go down, and</span> <span class="cue" id="t-1383" data-t="1383">they they were dancing on NACA's grave.</span> <span class="cue" id="t-1386" data-t="1386">Big big Bitcoin is incredibly resilient,</span> <span class="cue" id="t-1389" data-t="1389">and I think that's something that is an important to, you know, understand. And I I think it's also</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1395">23:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1395" data-t="1395">important to understand that, you know, plebs politically have almost zero power.</span> <span class="cue" id="t-1402" data-t="1402">And, you know, when you're taking on a a consortium</span> <span class="cue" id="t-1404" data-t="1404">like this,</span> <span class="cue" id="t-1407" data-t="1407">the the clubs aren't gonna accomplish a whole lot,</span> <span class="cue" id="t-1411" data-t="1411">defensively</span> <span class="cue" id="t-1412" data-t="1412">against them. And so</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1415">23:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1415" data-t="1415">if anything, you know, the the the clubs,</span> <span class="cue" id="t-1417" data-t="1417">you know, fighting back against it is gonna strengthen it and, you know, make it more relevant. And so this is really, like, one of those situations important to crack open the art award by Sun Tzu. And, it is,</span> <span class="cue" id="t-1431" data-t="1431">I don't know. I mean, it it what what is strange in this situation, which, you know, I've been</span> <span class="cue" id="t-1437" data-t="1437">genuinely surprised by is, you know, big Bitcoin</span> <span class="cue" id="t-1441" data-t="1441">historically has seemed like it's more of a threat</span> <span class="cue" id="t-1445" data-t="1445">to the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1448">24:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1448" data-t="1448">kind of freedom oriented</span> <span class="cue" id="t-1450" data-t="1450">aspect of</span> <span class="cue" id="t-1451" data-t="1451">Bitcoin or the Bitcoin social movement. And</span> <span class="cue" id="t-1456" data-t="1456">now it seems like the roles have reversed and the plebs are acting more as a threat than big Bitcoin, and Bitcoin is. But yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1466">24:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1466" data-t="1466">What?</span> <span class="cue" id="t-1467" data-t="1467">At the end, is</span> <span class="cue" id="t-1469" data-t="1469">I guess we'll get to the the truth and the nuance in the middle here in a moment, but</span> <span class="cue" id="t-1475" data-t="1475">the risk I see is big Bitcoin</span> <span class="cue" id="t-1479" data-t="1479">is well, Donald Trump, president Trump is by most people's</span> <span class="cue" id="t-1484" data-t="1484">definition,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1486">24:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1486" data-t="1486">at least tangentially</span> <span class="cue" id="t-1487" data-t="1487">connected to big Bitcoin. Right? I mean, it's</span> <span class="cue" id="t-1490" data-t="1490">many would argue that it's inseparable from big Bitcoin.</span> <span class="cue" id="t-1493" data-t="1493">And what Donald Trump this is he's a good example because</span> <span class="cue" id="t-1497" data-t="1497">a couple of years ago,</span> <span class="cue" id="t-1500" data-t="1500">the country voted</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1502">25:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1502" data-t="1502">for Donald Trump for a second term</span> <span class="cue" id="t-1505" data-t="1505">over the Democratic Party, over Kamala Harris.</span> <span class="cue" id="t-1508" data-t="1508">We've lit no need to relitigate this, but the the important point is that</span> <span class="cue" id="t-1512" data-t="1512">people didn't vote</span> <span class="cue" id="t-1514" data-t="1514">to reelect Donald Trump in 2024</span> <span class="cue" id="t-1518" data-t="1518">so much that because he was</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1520">25:20</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1520" data-t="1520">the best candidate or</span> <span class="cue" id="t-1522" data-t="1522">a great candidate or he had good policy or people trusted him to enact his policies</span> <span class="cue" id="t-1527" data-t="1527">or because</span> <span class="cue" id="t-1529" data-t="1529">he had good ideas or he was a statesman and he had a vision.</span> <span class="cue" id="t-1533" data-t="1533">People voted for Donald Trump because the Democratic Party was so retarded</span> <span class="cue" id="t-1538" data-t="1538">and so stupid and so out of touch and just so</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1544">25:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1544" data-t="1544">detached from reality</span> <span class="cue" id="t-1546" data-t="1546">that Donald Trump was like it was like a a protest about it. It's like, we think that Kamala Harris and the democrats</span> <span class="cue" id="t-1553" data-t="1553">are so fucking woke and retarded</span> <span class="cue" id="t-1555" data-t="1555">that we're gonna vote for Donald Trump</span> <span class="cue" id="t-1557" data-t="1557">just to watch them crash out. I mean, after Donald Trump won, a lot of people were like, especially Republicans,</span> <span class="cue" id="t-1563" data-t="1563">they were, for the first time,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1566">26:06</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1566" data-t="1566">turning on MSNBC and some of these news stations just so they could watch Rachel Maddow and Democrats, the libs, just totally crash out on the air.</span> <span class="cue" id="t-1574" data-t="1574">This is what's happening</span> <span class="cue" id="t-1576" data-t="1576">in the space,</span> <span class="cue" id="t-1577" data-t="1577">is that</span> <span class="cue" id="t-1579" data-t="1579">the plebs are so obnoxious and so retarded and just so</span> <span class="cue" id="t-1584" data-t="1584">detached from reality</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1586">26:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1586" data-t="1586">that people are glazing big Bitcoin</span> <span class="cue" id="t-1589" data-t="1589">as just because it's it's the only other option.</span> <span class="cue" id="t-1592" data-t="1592">We'll take people are saying, we'll take anything else except the plebs. We do not you know, I think I saw a big Bitcoin tweet to comply</span> <span class="cue" id="t-1601" data-t="1601">or be ruled by plebs. And people are like, I'd rather comply than be ruled by plebs. I I don't want a future where I'm controlled by plebs.</span> <span class="cue" id="t-1608" data-t="1608">And Big Bitcoin sees this opportunity,</span> <span class="cue" id="t-1611" data-t="1611">and I think that they've come in and they announced their they really and then they put their dick on the table.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1619">26:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1619" data-t="1619">They flop their huge big Bitcoin dick on the table</span> <span class="cue" id="t-1622" data-t="1622">with this security consortium that Michael Saylor announced like BlackRock, Fidelity.</span> <span class="cue" id="t-1629" data-t="1629">Where's the lid? Let me let me find the list. It it is the the face of big Bitcoin</span> <span class="cue" id="t-1636" data-t="1636">are these companies. And</span> <span class="cue" id="t-1638" data-t="1638">people</span> <span class="cue" id="t-1639" data-t="1639">immediately</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1640">27:20</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1640" data-t="1640">came out and said,</span> <span class="cue" id="t-1642" data-t="1642">Big Bitcoin is going to take over the protocol so they can</span> <span class="cue" id="t-1646" data-t="1646">fork it for quantum,</span> <span class="cue" id="t-1648" data-t="1648">security and they can steal Satoshi's coins. And everybody's</span> <span class="cue" id="t-1653" data-t="1653">mostly Plebslop, which is only helping</span> <span class="cue" id="t-1656" data-t="1656">big Bitcoin</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1657">27:37</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1657" data-t="1657">entrench its power because everybody's</span> <span class="cue" id="t-1661" data-t="1661">response were, like, why they should why you should be against big Bitcoin is just</span> <span class="cue" id="t-1665" data-t="1665">utter</span> <span class="cue" id="t-1667" data-t="1667">gobbledygook.</span> <span class="cue" id="t-1668" data-t="1668">The block is a part of an Anchorage Digital,</span> <span class="cue" id="t-1670" data-t="1670">Coinbase,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1672">27:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1672" data-t="1672">Blockstream,</span> <span class="cue" id="t-1673" data-t="1673">Galaxy, Ark Invest, Cathie Wood.</span> <span class="cue" id="t-1676" data-t="1676">But</span> <span class="cue" id="t-1678" data-t="1678">for better or for worse,</span> <span class="cue" id="t-1680" data-t="1680">my take</span> <span class="cue" id="t-1681" data-t="1681">is that BlackRock and all these big Bitcoin brands saw what was going on, saw the PLEBSLOP,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1687">28:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1687" data-t="1687">saw BIP one ten, they looked at the code,</span> <span class="cue" id="t-1690" data-t="1690">they gasped at how sloppy it was, and they said,</span> <span class="cue" id="t-1695" data-t="1695">we don't</span> <span class="cue" id="t-1697" data-t="1697">know if we're gonna have to fork Bitcoin, steal Satoshi's coins, or whatever because quantum computers are gonna mess everything up.</span> <span class="cue" id="t-1705" data-t="1705">But we need the optionality</span> <span class="cue" id="t-1708" data-t="1708">to have the influence</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1709">28:29</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1709" data-t="1709">and the</span> <span class="cue" id="t-1710" data-t="1710">the the the funding and the the the developers in place so that if that decision has to be made,</span> <span class="cue" id="t-1718" data-t="1718">we're making it, not plebs. They don't want the plebs to decide</span> <span class="cue" id="t-1723" data-t="1723">how to protect Bitcoin</span> <span class="cue" id="t-1726" data-t="1726">from quantum computers.</span> <span class="cue" id="t-1727" data-t="1727">Plebs don't understand</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1730">28:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1730" data-t="1730">the difference between a a a default setting and and consensus of an abstract protocol level.</span> <span class="cue" id="t-1737" data-t="1737">They definitely don't understand quantum computers. We cannot let plebs protect our investment, which is it over in the hundreds of billions</span> <span class="cue" id="t-1744" data-t="1744">from</span> <span class="cue" id="t-1745" data-t="1745">from quantum computers. So they wanted the optionality.</span> <span class="cue" id="t-1749" data-t="1749">Now that optionality becomes the optionality</span> <span class="cue" id="t-1752" data-t="1752">to change anything. But they they definitely wanted, if nothing else, the option to prevent the plebs</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1759">29:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1759" data-t="1759">from forking Bitcoin</span> <span class="cue" id="t-1761" data-t="1761">in the in the in the face of a threat from spam or quantum computers or whatever it was.</span> <span class="cue" id="t-1766" data-t="1766">And so</span> <span class="cue" id="t-1767" data-t="1767">it's too late to really stop it now. They've already made their move.</span> <span class="cue" id="t-1772" data-t="1772">So the reaction to it,</span> <span class="cue" id="t-1774" data-t="1774">plugs are gonna overreact,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1776">29:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1776" data-t="1776">and it seems to be helping Bitcoin. But how do layer two labs is crashing out because they know this is bad, but they can't figure out</span> <span class="cue" id="t-1784" data-t="1784">what to do.</span> <span class="cue" id="t-1785" data-t="1785">So they're lashing out. A lot of people are just lashing out. I don't know.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1790">29:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1790" data-t="1790">Yeah. It seems like most of the responses are are only making big Bitcoin once again seem more reasonable.</span> <span class="cue" id="t-1797" data-t="1797">It's it's</span> <span class="cue" id="t-1798" data-t="1798">exactly what you said. You know, comparing it to Donald Trump is, you know, the the the,</span> <span class="cue" id="t-1803" data-t="1803">the crash outs essentially made the opponent seem</span> <span class="cue" id="t-1807" data-t="1807">more reasonable. And this this seems</span> <span class="cue" id="t-1810" data-t="1810">to</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1812">30:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1812" data-t="1812">be the case of, you know, how most</span> <span class="cue" id="t-1815" data-t="1815">things are decided in modern days. Whoever crashes out the the least becomes the victor.</span> <span class="cue" id="t-1820" data-t="1820">But both parties are crashing out, not really bringing a whole lot of value to the table, and it may actually be bringing something that is destructive. And,</span> <span class="cue" id="t-1831" data-t="1831">are there level heads? I don't know.</span> <span class="cue" id="t-1833" data-t="1833">Plans definitely don't have level heads,</span> <span class="cue" id="t-1835" data-t="1835">but,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1838">30:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1838" data-t="1838">it is concerning. I mean, it seems like there's</span> <span class="cue" id="t-1841" data-t="1841">there's a lot of economic power</span> <span class="cue" id="t-1844" data-t="1844">that big Bitcoin has,</span> <span class="cue" id="t-1847" data-t="1847">and there's no economic power that the plums have.</span> <span class="cue" id="t-1851" data-t="1851">But the plums for a while</span> <span class="cue" id="t-1853" data-t="1853">had social power and social capital</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1856">30:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1856" data-t="1856">that they had been able to leverage in the past</span> <span class="cue" id="t-1860" data-t="1860">in order to influence things happening in Bitcoin.</span> <span class="cue" id="t-1863" data-t="1863">But now it seems like they are</span> <span class="cue" id="t-1867" data-t="1867">burning all of their social capital that they had.</span> <span class="cue" id="t-1872" data-t="1872">The sailor used to glaze the plebs.</span> <span class="cue" id="t-1874" data-t="1874">Now he's mocking them.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1877">31:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1877" data-t="1877">Yeah. I mean, that's that is one of the</span> <span class="cue" id="t-1881" data-t="1881">major pivots</span> <span class="cue" id="t-1883" data-t="1883">that we've chronicled</span> <span class="cue" id="t-1885" data-t="1885">over the past, I don't know,</span> <span class="cue" id="t-1887" data-t="1887">less than a year is</span> <span class="cue" id="t-1889" data-t="1889">Saylor,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1891">31:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1891" data-t="1891">he used to cater to</span> <span class="cue" id="t-1893" data-t="1893">the feelings</span> <span class="cue" id="t-1894" data-t="1894">and the emotions of the plaids</span> <span class="cue" id="t-1897" data-t="1897">and the Bitcoin industry.</span> <span class="cue" id="t-1899" data-t="1899">And it that's just not the case anymore. I mean, Michael Saylor has his his patience has run dry with blood slop.</span> <span class="cue" id="t-1908" data-t="1908">It's a monster that he created. I mean, Sailor is</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1913">31:53</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1913" data-t="1913">the the architect of of modern Plebslop and AI slop,</span> <span class="cue" id="t-1916" data-t="1916">and he's seen what his create so it's like Frankenstein's monster. It's it's Sailor's Plebslop.</span> <span class="cue" id="t-1922" data-t="1922">And he doesn't like what he sees, and he's trying to</span> <span class="cue" id="t-1925" data-t="1925">course correct. He's trying to protect his investment from being</span> <span class="cue" id="t-1929" data-t="1929">absolutely</span> <span class="cue" id="t-1930" data-t="1930">destroyed and gutted</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1932">32:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1932" data-t="1932">by the plex lot that he created. And</span> <span class="cue" id="t-1935" data-t="1935">there's gonna be a lot more pivots, and you talked about this. One of the</span> <span class="cue" id="t-1940" data-t="1940">one of the, I don't know, highlights, but notable events last week was me creations pivoted from</span> <span class="cue" id="t-1947" data-t="1947">being a Nazi, a Bitcoin 10 proponent</span> <span class="cue" id="t-1950" data-t="1950">to becoming</span> <span class="cue" id="t-1952" data-t="1952">for lack of a he's just big Bitcoin. He's big he's he's now ride or die with big Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1956">32:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1956" data-t="1956">But based on his</span> <span class="cue" id="t-1959" data-t="1959">his social media</span> <span class="cue" id="t-1961" data-t="1961">posts</span> <span class="cue" id="t-1962" data-t="1962">past few days,</span> <span class="cue" id="t-1963" data-t="1963">he does seem to be</span> <span class="cue" id="t-1966" data-t="1966">losing momentum and enthusiasm.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1969">32:49</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1969" data-t="1969">He seems to be</span> <span class="cue" id="t-1971" data-t="1971">reacting to a</span> <span class="cue" id="t-1973" data-t="1973">marginal decrease in the glaze he was getting when he first pivoted, being frustrated. And</span> <span class="cue" id="t-1978" data-t="1978">this is not</span> <span class="cue" id="t-1980" data-t="1980">this is not surprising. I think a lot of people are going to this I mean, think about it. Like, when you pivot to a healthy lifestyle or you pivot from fiat to Bitcoin or you pivot whatever</span> <span class="cue" id="t-1991" data-t="1991">and you change your lifestyle, there's this, you know, endorphin rush, a high that you get. You feel like you're making the right choices. You're on the right path. You're gaining new friends. People are glazing the shit out of you. You're a new guy on the team. They want you to stick around.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2005">33:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2005" data-t="2005">They they want you to stay involved, and then that slowly starts to dwindle. And</span> <span class="cue" id="t-2010" data-t="2010">some people suggest that maybe</span> <span class="cue" id="t-2012" data-t="2012">meat creation spent</span> <span class="cue" id="t-2014" data-t="2014">or over leveraged his social capital that he gained from being one of the first plebs to pivot.</span> <span class="cue" id="t-2019" data-t="2019">And he, you know, maybe he's making enemies a little bit too fast. Maybe he is, you know,</span> <span class="cue" id="t-2026" data-t="2026">maybe he's just he's running into problems that he's just not equipped to face because he hasn't taken the time to put in the work to to to face them.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2035">33:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2035" data-t="2035">Totally. It's,</span> <span class="cue" id="t-2036" data-t="2036">you know, reminds me of, recovering alcoholics</span> <span class="cue" id="t-2040" data-t="2040">in a lot of ways where, you know, they they get glazed at first.</span> <span class="cue" id="t-2044" data-t="2044">Like, a recovering alcoholic, you know, once</span> <span class="cue" id="t-2046" data-t="2046">they're so proud of themselves</span> <span class="cue" id="t-2048" data-t="2048">when they get sober. Right?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2051">34:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2051" data-t="2051">They're patting themselves on the back everywhere they go. You know, people are so proud of them too.</span> <span class="cue" id="t-2056" data-t="2056">And then, you know, it comes a point where it just gets old. It's like, okay, you changed your life. Now you're now you're acting like a normal person.</span> <span class="cue" id="t-2064" data-t="2064">Like, no normal people can, like, handle their shit. Right?</span> <span class="cue" id="t-2068" data-t="2068">Their lives don't become incredibly,</span> <span class="cue" id="t-2071" data-t="2071">unproductive</span> <span class="cue" data-t="2071">and and dysfunctional,</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">because of</span> <span class="cue" id="t-2075" data-t="2075">because of drinking. It's like, okay. Did now now you become on the level of a normal person. It's really,</span> <span class="cue" id="t-2081" data-t="2081">it it's not as impressive of a feat</span> <span class="cue" id="t-2084" data-t="2084">as they make it out to be. And it's like this is the same thing with, like, BIP one ten. It's like, it's not that impressive</span> <span class="cue" id="t-2091" data-t="2091">to not support BIP one ten.</span> <span class="cue" id="t-2094" data-t="2094">It's like the the initial changes, like, yeah, you know, congratulations,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2098">34:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2098" data-t="2098">neat creations.</span> <span class="cue" id="t-2099" data-t="2099">Like, you're back to zero.</span> <span class="cue" id="t-2103" data-t="2103">You're not in the, like, negative 15 anymore.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2108">35:08</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2108" data-t="2108">And this</span> <span class="cue" id="t-2110" data-t="2110">this is, I think, where the problem kind of comes in</span> <span class="cue" id="t-2116" data-t="2116">regarding the bit one ten thing, is a lot of plebs, you know, and not just plebs, but mostly plebs.</span> <span class="cue" id="t-2123" data-t="2123">They</span> <span class="cue" id="t-2125" data-t="2125">they put all their eggs in one basket</span> <span class="cue" id="t-2128" data-t="2128">at the protocol level and</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2131">35:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2131" data-t="2131">at the emotional level,</span> <span class="cue" id="t-2132" data-t="2132">at the</span> <span class="cue" id="t-2134" data-t="2134">at the personal level.</span> <span class="cue" id="t-2136" data-t="2136">They made</span> <span class="cue" id="t-2137" data-t="2137">being a node runner</span> <span class="cue" id="t-2139" data-t="2139">and</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2139">35:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" data-t="2139">saving Bitcoin</span> <span class="cue" id="t-2141" data-t="2141">from this existential</span> <span class="cue" id="t-2143" data-t="2143">threat of c stand and spam and whatever it is, like this mass formation psychosis</span> <span class="cue" id="t-2149" data-t="2149">that they developed</span> <span class="cue" id="t-2150" data-t="2150">as a community about spam and the monetary</span> <span class="cue" id="t-2154" data-t="2154">use case. They they</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2155">35:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2155" data-t="2155">the the arbitrary</span> <span class="cue" id="t-2157" data-t="2157">data use case. They they love they they throw out these jargon terms,</span> <span class="cue" id="t-2162" data-t="2162">very like,</span> <span class="cue" id="t-2164" data-t="2164">stuff that people in in normal life would absolutely have no idea what they're talking about.</span> <span class="cue" id="t-2170" data-t="2170">And they've they've</span> <span class="cue" id="t-2172" data-t="2172">emotionally,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2173">36:13</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2173" data-t="2173">personally, and professional, whatever, put all their eggs in one basket, and it's the success of BIP one ten is now, like,</span> <span class="cue" id="t-2180" data-t="2180">their success. If BIP one ten fails, Bitcoin fails. If BIP one ten fails, their lives, their</span> <span class="cue" id="t-2186" data-t="2186">future, the the the Bitcoin or the money they save for the future</span> <span class="cue" id="t-2191" data-t="2191">dies with it. It's it they don't see</span> <span class="cue" id="t-2194" data-t="2194">a future</span> <span class="cue" id="t-2196" data-t="2196">outside of a BIP one ten</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2198">36:38</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2198" data-t="2198">activating successfully.</span> <span class="cue" id="t-2200" data-t="2200">So if they don't if if they have no</span> <span class="cue" id="t-2204" data-t="2204">concept, if they have no</span> <span class="cue" id="t-2207" data-t="2207">imagination of of</span> <span class="cue" id="t-2208" data-t="2208">their own success, their own</span> <span class="cue" id="t-2212" data-t="2212">stability</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2213">36:53</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2213" data-t="2213">outside of</span> <span class="cue" id="t-2214" data-t="2214">this narrow band of very unlikely up</span> <span class="cue" id="t-2218" data-t="2218">outcome.</span> <span class="cue" id="t-2220" data-t="2220">And</span> <span class="cue" id="t-2221" data-t="2221">I guess the it's</span> <span class="cue" id="t-2223" data-t="2223">from that perspective, the crash outs, I would call them irrational, but it they make a lot more sense.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2231">37:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2231" data-t="2231">Yeah.</span> <span class="cue" id="t-2232" data-t="2232">Well, it is something I I talked about in, my article on PubSlop that I did. You know, I was defining what PubSlop</span> <span class="cue" id="t-2239" data-t="2239">was,</span> <span class="cue" id="t-2240" data-t="2240">you know, a while ago is</span> <span class="cue" id="t-2242" data-t="2242">there's generalizations</span> <span class="cue" id="t-2244" data-t="2244">that that these people say oftentimes. Like, you know, they they say good for Bitcoin or bad for Bitcoin,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2250">37:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2250" data-t="2250">but there's not a clear definition of what that means.</span> <span class="cue" id="t-2254" data-t="2254">They hear these things, you know, from from influencers,</span> <span class="cue" id="t-2256" data-t="2256">and it can be interpreted</span> <span class="cue" id="t-2259" data-t="2259">a million different ways. One person might walk away</span> <span class="cue" id="t-2263" data-t="2263">and think that</span> <span class="cue" id="t-2264" data-t="2264">bad for Bitcoin means,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2266">37:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2266" data-t="2266">you know, the the blockchain is getting larger at a certain rate.</span> <span class="cue" id="t-2271" data-t="2271">Another person might walk away thinking bad for Bitcoin means the price is going down. Another person may walk away,</span> <span class="cue" id="t-2278" data-t="2278">thinking that, you know, sailors are buying too much Bitcoin. It's just it it's a very, like, vague</span> <span class="cue" id="t-2285" data-t="2285">term. And so when you are defining</span> <span class="cue" id="t-2289" data-t="2289">things that are important for you</span> <span class="cue" id="t-2292" data-t="2292">or, like, goals that you have in life or, like, a mission that you're part of, like, trying to help and, you know, it it's kinda goal. Like, there there needs to be a clear definition</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2303">38:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2303" data-t="2303">of of what it is. And, like, this idea of, like, good or bad for Bitcoin is,</span> <span class="cue" id="t-2309" data-t="2309">it's a framing that I don't think is helpful for</span> <span class="cue" id="t-2312" data-t="2312">an individual, you know, to be determining</span> <span class="cue" id="t-2317" data-t="2317">whether or not they're they're happy or not based on, you know, the surroundings</span> <span class="cue" id="t-2321" data-t="2321">around them because it's not really</span> <span class="cue" id="t-2323" data-t="2323">definable in a sense of, like, okay. It's, like, is it good or bad for you?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2329">38:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2329" data-t="2329">You know, and and when things that happen in the world around you that are bad for you, the the answer isn't necessarily to</span> <span class="cue" id="t-2337" data-t="2337">to crash out. It's to adjust your strategy</span> <span class="cue" id="t-2339" data-t="2339">and,</span> <span class="cue" id="t-2340" data-t="2340">attempt</span> <span class="cue" id="t-2342" data-t="2342">to take some corrective action in order to get there. And I think this is, like, where</span> <span class="cue" id="t-2349" data-t="2349">where they're getting stuck for sure. It's like they they have,</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">Richard Greaser</b> <span class="cue" id="t-2355" data-t="2355">they haven't planned</span> <span class="cue" id="t-2357" data-t="2357">or accepted the the the potential for failure and</span> <span class="cue" id="t-2361" data-t="2361">or whatever their goals were.</span> <span class="cue" id="t-2363" data-t="2363">And and I don't think they've clearly defined their goals in a way that they they can win. I think it's part of it. And they don't and and they don't have</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2373">39:33</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2373" data-t="2373">or they refuse to acknowledge</span> <span class="cue" id="t-2376" data-t="2376">the evidence. They they don't clubs are not pragmatic. We there's no pragmatic clubs. And I think I</span> <span class="cue" id="t-2383" data-t="2383">I think that I don't know if this will be the last episode that we talked about bip one ten and Plebsilop. Of course, it won't be the last time we talked about Plebsilop.</span> <span class="cue" id="t-2391" data-t="2391">Greg Dink.</span> <span class="cue" id="t-2394" data-t="2394">We</span> <span class="cue" data-t="2394">if there's any doubt, I I know that people don't follow this stuff as closely as we do.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2399">39:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2399" data-t="2399">So I just wanna, like, get into this. So the the activation</span> <span class="cue" id="t-2403" data-t="2403">of BIP one ten is scheduled</span> <span class="cue" id="t-2405" data-t="2405">sent like, the mandatory signaling period is set to begin, and I don't have the block item right in front of me, but it it's expected to happen sometime around August 8.</span> <span class="cue" id="t-2414" data-t="2414">And unless the the difficulty</span> <span class="cue" id="t-2416" data-t="2416">in the hash rate dramatically changes, it'll that's when it'll probably occur. And some people think</span> <span class="cue" id="t-2422" data-t="2422">based on their</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2423">40:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2423" data-t="2423">the way they talk that that, you know, it's a it's a coin toss. Will PIP one time 60 or not? Some people are very sure that it will.</span> <span class="cue" id="t-2431" data-t="2431">But it's it's important to define</span> <span class="cue" id="t-2434" data-t="2434">success or activation and what that means, and it's also important to look</span> <span class="cue" id="t-2440" data-t="2440">at the tools we have</span> <span class="cue" id="t-2442" data-t="2442">to gauge the the probability.</span> <span class="cue" id="t-2445" data-t="2445">So I'm gonna just</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2447">40:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2447" data-t="2447">read what we see here. We're looking I'm looking at</span> <span class="cue" id="t-2451" data-t="2451">the predicts,</span> <span class="cue" id="t-2452" data-t="2452">predicts.com,</span> <span class="cue" id="t-2453" data-t="2453">predudyx.</span> <span class="cue" id="t-2456" data-t="2456">So the the first prediction market by predicts on BIP one ten activating</span> <span class="cue" id="t-2461" data-t="2461">has been open for</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2463">41:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2463" data-t="2463">most of this year. I think the one originally</span> <span class="cue" id="t-2466" data-t="2466">was launched</span> <span class="cue" id="t-2468" data-t="2468">last year when it was bit four four four, and they had, like, a target activation or whatever of, like, March</span> <span class="cue" id="t-2474" data-t="2474">2026</span> <span class="cue" id="t-2475" data-t="2475">within they scrapped that, moved it to August, which is coming up September for the final date.</span> <span class="cue" id="t-2481" data-t="2481">So this market,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2482">41:22</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2482" data-t="2482">the will BIT one ten activate and be enforced by Bitcoin</span> <span class="cue" id="t-2486" data-t="2486">on the the most proof of work chain</span> <span class="cue" id="t-2489" data-t="2489">between September 1</span> <span class="cue" id="t-2492" data-t="2492">and 09/07/2026?</span> <span class="cue" id="t-2498" data-t="2498">So what this</span> <span class="cue" id="t-2500" data-t="2500">the liquidity right here is up to 2,000,000 SaaS, and the trading volume is now up to</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2507">41:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2507" data-t="2507">3.5</span> <span class="cue" id="t-2508" data-t="2508">a little bit more than 3.5</span> <span class="cue" id="t-2510" data-t="2510">Bitcoin and over 16,000</span> <span class="cue" id="t-2512" data-t="2512">trades.</span> <span class="cue" id="t-2514" data-t="2514">And the likelihood of bit one ten success on this market, the most liquid, the most traded market that exists, there's no futures market for Bitcoins, there's only this prediction market. This is the falling market of of of Bitcoin 10,</span> <span class="cue" id="t-2528" data-t="2528">has been sitting around 10%. It it's kinda gone between</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2532">42:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2532" data-t="2532">four or 5% and as high as maybe 18%</span> <span class="cue" id="t-2536" data-t="2536">at different times. But it it's the it's average out about 10%, about 10% success. And</span> <span class="cue" id="t-2542" data-t="2542">that's one market. That's the biggest one. That's the one that tells you the odds. You can kinda glean some how accurate this one is by looking at some of the other ones.</span> <span class="cue" id="t-2552" data-t="2552">So</span> <span class="cue" id="t-2554" data-t="2554">what will the peak hash signaling</span> <span class="cue" id="t-2557" data-t="2557">for BIP one ten be by September</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2559">42:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2559" data-t="2559">2026?</span> <span class="cue" id="t-2561" data-t="2561">Now this one is only</span> <span class="cue" id="t-2563" data-t="2563">68,000</span> <span class="cue" id="t-2564" data-t="2564">sat</span> <span class="cue" id="t-2565" data-t="2565">trading volume, but at 77%,</span> <span class="cue" id="t-2569" data-t="2569">the best chance for the highest for the key cash rate to signal BIP one ten is below 5%.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2577">42:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2577" data-t="2577">And then you have another one, two hundred and seventy thousand</span> <span class="cue" id="t-2581" data-t="2581">SAPS trading volume.</span> <span class="cue" id="t-2583" data-t="2583">Will a top five Bitcoin mining pool signal BIP one ten before August 1?</span> <span class="cue" id="t-2589" data-t="2589">That one is at 3.5%</span> <span class="cue" id="t-2591" data-t="2591">chance. We have 340,000</span> <span class="cue" id="t-2594" data-t="2594">trading volume on the market.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2596">43:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2596" data-t="2596">Will BIP one ten lock in before activation?</span> <span class="cue" id="t-2600" data-t="2600">And if you look back at Taproot and SegWit,</span> <span class="cue" id="t-2603" data-t="2603">both of these</span> <span class="cue" id="t-2605" data-t="2605">were that can you know, wide consensus, they were very popular. The community bought in.</span> <span class="cue" id="t-2610" data-t="2610">Mandatory signaling began.</span> <span class="cue" id="t-2612" data-t="2612">The threshold</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">Rod Palmer</b> <span class="cue" id="t-2613" data-t="2613">was reached, for signaling</span> <span class="cue" id="t-2615" data-t="2615">before</span> <span class="cue" id="t-2616" data-t="2616">the the activation time out. But will a but will it this happen again</span> <span class="cue" id="t-2620" data-t="2620">for a bit one ten?</span> <span class="cue" id="t-2622" data-t="2622">Less than a 10% chance. Another market, a top 10 US Bitcoin ETF issuer files an SEC disclosure addressing a bit one ten chain split,</span> <span class="cue" id="t-2633" data-t="2633">less than 9%.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2636">43:56</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2636" data-t="2636">Will say well, this one's already over. Will say, we'll support BIP one ten.</span> <span class="cue" id="t-2640" data-t="2640">No.</span> <span class="cue" id="t-2641" data-t="2641">Will O'Dowd admit he was wrong about BIP one ten?</span> <span class="cue" id="t-2646" data-t="2646">Less than 5%.</span> <span class="cue" id="t-2648" data-t="2648">And there's a few others. There's a there's will,</span> <span class="cue" id="t-2651" data-t="2651">you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2652">44:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2652" data-t="2652">will not</span> <span class="cue" id="t-2654" data-t="2654">overtake core as the most,</span> <span class="cue" id="t-2657" data-t="2657">popular client. Will, the BIP $1.10 coin be listed on an exchange?</span> <span class="cue" id="t-2662" data-t="2662">Again, less than 10%. So</span> <span class="cue" id="t-2664" data-t="2664">the prediction markets where people are actually putting money on the line based on their information, based on how closely they follow this, based on how well they understand how the protocol works, they're all telling you, no. This had this is dead in the water.</span> <span class="cue" id="t-2677" data-t="2677">So why do people</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2680">44:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2680" data-t="2680">like Luke and some of the top not student tenants speak so confidently</span> <span class="cue" id="t-2684" data-t="2684">about why this will activate? Because activation</span> <span class="cue" id="t-2688" data-t="2688">can occur. They they would these guys can activate</span> <span class="cue" id="t-2691" data-t="2691">BIP one ten on their blood nodes without</span> <span class="cue" id="t-2694" data-t="2694">reaching 55 and enforce it on their nodes, and they've been threatening, you know, to recheck the miner's locks that don't comply.</span> <span class="cue" id="t-2703" data-t="2703">But this is where the chain split occurs. So a chain split doesn't mean that BIP one ten didn't activate successfully on a BIP one ten client node,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2712">45:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2712" data-t="2712">But it does mean that anybody who's following that potentially,</span> <span class="cue" id="t-2717" data-t="2717">especially without replay protection,</span> <span class="cue" id="t-2719" data-t="2719">could lose it all.</span> <span class="cue" id="t-2720" data-t="2720">It could be whether your node forks off and you're a miner and you're you're wasting hash mining blocks that get rejected</span> <span class="cue" id="t-2727" data-t="2727">where you sell your Bitcoin</span> <span class="cue" id="t-2729" data-t="2729">and, you know, there's there's just there's just a there's a still a litany of of potential risks here.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2736">45:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2736" data-t="2736">But</span> <span class="cue" data-t="2736">it's the</span> <span class="cue" id="t-2738" data-t="2738">there's another one. What percentage of the Foundry</span> <span class="cue" id="t-2741" data-t="2741">USA?</span> <span class="cue" id="t-2742" data-t="2742">We talked about that vote.</span> <span class="cue" id="t-2744" data-t="2744">Right now, it's a 66%</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2745">45:45</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2745" data-t="2745">chance that it is below 1% signaling. And we have heard rumors that that is most likely the case that so far they've not had almost anybody</span> <span class="cue" id="t-2757" data-t="2757">in foundry pool</span> <span class="cue" id="t-2759" data-t="2759">vote to signal BIP one ten. So this is dead in the water. Like, this is why the people are crashing out, and</span> <span class="cue" id="t-2767" data-t="2767">people reject these prediction markets, but these are the best tools</span> <span class="cue" id="t-2770" data-t="2770">that we've got.</span> <span class="cue" id="t-2773" data-t="2773">I don't know. I mean, do you have a does the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2776">46:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2776" data-t="2776">do you have any argument that would</span> <span class="cue" id="t-2778" data-t="2778">or devil's advocate that you could play here to speculate</span> <span class="cue" id="t-2781" data-t="2781">on the odds being different from what the markets are telling us?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2787">46:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2787" data-t="2787">I think they're</span> <span class="cue" id="t-2788" data-t="2788">much</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2789">46:29</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2789" data-t="2789">higher. I think the odds are much higher? Of of you think that you so that's what I was gonna say. I would say the biggest market, the one that we should probably just focus on now, is about 10%.</span> <span class="cue" id="t-2800" data-t="2800">I think that's a it it's clearly being manipulated if you look at the</span> <span class="cue" id="t-2805" data-t="2805">the comment section of that market. There's, like, a couple of people who are buying and posting in the comments and a lot of bravado,</span> <span class="cue" id="t-2813" data-t="2813">a lot of flex slop.</span> <span class="cue" id="t-2815" data-t="2815">But, yeah, I I I think 10% is too. I think if you buy</span> <span class="cue" id="t-2820" data-t="2820">at the 10% odds right now, you're still, you know, you're still buying dollars for 90¢.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2825">47:05</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2825" data-t="2825">Still maybe worth it to buy on there.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2829">47:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2829" data-t="2829">Yeah.</span> <span class="cue" id="t-2830" data-t="2830">I just I don't know. It's,</span> <span class="cue" id="t-2833" data-t="2833">I think I probably talked about it on the on the show before. I do I just think people's understanding of what's happening here is</span> <span class="cue" id="t-2842" data-t="2842">completely wrong.</span> <span class="cue" id="t-2844" data-t="2844">And I think individuals like, you know, mister Hoddle</span> <span class="cue" id="t-2848" data-t="2848">per se is,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2850">47:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2850" data-t="2850">you know, wasting a lot of time treating this as if it's some sort of technical argument and engaging it it when it's really just kind of</span> <span class="cue" id="t-2859" data-t="2859">a a social phenomenon</span> <span class="cue" id="t-2861" data-t="2861">that is happening in which</span> <span class="cue" id="t-2868" data-t="2868">there's more</span> <span class="cue" id="t-2869" data-t="2869">at stake.</span> <span class="cue" id="t-2871" data-t="2871">The the strongest proponents of the of this, you know, phenomenon have have zero</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2877">47:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2877" data-t="2877">understanding</span> <span class="cue" id="t-2878" data-t="2878">of what's happening.</span> <span class="cue" id="t-2881" data-t="2881">But I don't know. I mean, I I</span> <span class="cue" id="t-2883" data-t="2883">I don't really think that there are tremendous risks</span> <span class="cue" id="t-2887" data-t="2887">in regards to their not</span> <span class="cue" id="t-2890" data-t="2890">being replay protection because the individuals that,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2894">48:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2894" data-t="2894">you know, would be</span> <span class="cue" id="t-2898" data-t="2898">potentially sending their coins and and and and losing them in this scenario,</span> <span class="cue" id="t-2903" data-t="2903">or just facing a potential issue. Like, they they don't actually</span> <span class="cue" id="t-2907" data-t="2907">use Bitcoin.</span> <span class="cue" id="t-2909" data-t="2909">So I did I feel like it's, like,</span> <span class="cue" id="t-2912" data-t="2912">minimal chances of</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2916">48:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2916" data-t="2916">potential blowback here. But it's,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2919">48:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2919" data-t="2919">I don't know. No. It yeah. Hey. Yeah. The the there's yeah. We could honestly get into this a little bit more, which is</span> <span class="cue" id="t-2926" data-t="2926">part of,</span> <span class="cue" id="t-2928" data-t="2928">you know, like Bitcoin Cash.</span> <span class="cue" id="t-2931" data-t="2931">In hindsight,</span> <span class="cue" id="t-2933" data-t="2933">it was you know, it failed</span> <span class="cue" id="t-2935" data-t="2935">spectacularly</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2936">48:56</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2936" data-t="2936">depending on your</span> <span class="cue" id="t-2938" data-t="2938">perspective, but there's still some value.</span> <span class="cue" id="t-2940" data-t="2940">You could still sell a BCash coin for a few $100. I mean, and for a while there, it was a few thousand dollars and it was the the delta between</span> <span class="cue" id="t-2949" data-t="2949">Bitcoin's price and BCash's price</span> <span class="cue" id="t-2952" data-t="2952">was far less wide,</span> <span class="cue" id="t-2954" data-t="2954">and it's still around,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2956">49:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2956" data-t="2956">almost ten years later.</span> <span class="cue" id="t-2959" data-t="2959">But part of that is because the people who the Bitcoin Cash</span> <span class="cue" id="t-2962" data-t="2962">proponents</span> <span class="cue" id="t-2963" data-t="2963">were</span> <span class="cue" id="t-2965" data-t="2965">very serious. Like, they many of them</span> <span class="cue" id="t-2968" data-t="2968">before the four were, like, we're selling our coins. We don't want small blocks. Like, we want the big blocks. We want b cash.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2975">49:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2975" data-t="2975">Bitcoin cash.</span> <span class="cue" id="t-2976" data-t="2976">And they did. They sold, and they put their money where the mouth was. These were Bitcoin miners. These were economic</span> <span class="cue" id="t-2983" data-t="2983">actors, businesses, real, like, meaningful investors,</span> <span class="cue" id="t-2987" data-t="2987">like, who had meaningful amounts of of UTXOs.</span> <span class="cue" id="t-2992" data-t="2992">The bit $1.10 side,</span> <span class="cue" id="t-2994" data-t="2994">far less. I mean,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2996">49:56</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2996" data-t="2996">none of them really will commit to following and and mining on their</span> <span class="cue" id="t-3001" data-t="3001">their pledging.</span> <span class="cue" id="t-3002" data-t="3002">None of them</span> <span class="cue" id="t-3003" data-t="3003">really will commit to</span> <span class="cue" id="t-3005" data-t="3005">selling their</span> <span class="cue" id="t-3007" data-t="3007">Bitcoin for their</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">B dash, as some people are calling it, B dash junior.</span> <span class="cue" id="t-3012" data-t="3012">None of very few of them, there's only a handful of them that are holding up and propping up the prediction market. The rest of them call it gambling.</span> <span class="cue" id="t-3019" data-t="3019">To call the to call that market gambling</span> <span class="cue" id="t-3022" data-t="3022">is a misnomer,</span> <span class="cue" id="t-3023" data-t="3023">and it reveals</span> <span class="cue" id="t-3025" data-t="3025">that they don't believe what they're saying. If you think</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3028">50:28</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3028" data-t="3028">that they activate the successful activation of Pip one ten and, you know, putting money on that on a prediction market is gambling,</span> <span class="cue" id="t-3036" data-t="3036">they're saying you don't believe essentially that you're going to win. If you're saying it's at best a a coin toss,</span> <span class="cue" id="t-3043" data-t="3043">which is not how prediction market outcome that's not how these things work. Like, it it's one ten will either has consensus,</span> <span class="cue" id="t-3052" data-t="3052">has signaling,</span> <span class="cue" id="t-3054" data-t="3054">has support, and will</span> <span class="cue" id="t-3056" data-t="3056">activate successfully and be enforced on the main chain</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3061">51:01</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3061" data-t="3061">by by September where it won't.</span> <span class="cue" id="t-3064" data-t="3064">It's not a gamble. It's not a who knows, maybe God will come in and and make Bitcoin forked in this direction. It's either going to happen or it's not based</span> <span class="cue" id="t-3074" data-t="3074">on certain metrics</span> <span class="cue" id="t-3076" data-t="3076">that</span> <span class="cue" id="t-3077" data-t="3077">we kinda listed a bunch of them, minor hash signaling, node count, the</span> <span class="cue" id="t-3081" data-t="3081">economic nodes, the buy in from</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3083">51:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3083" data-t="3083">a broad set of the industry,</span> <span class="cue" id="t-3085" data-t="3085">the activation threshold, like, all all this stuff. It's a take these metrics. You plug it in, you get the probabilities. They call it gambling, which means they don't understand what they're even doing. And this is, again, like, this is where</span> <span class="cue" id="t-3097" data-t="3097">this is the kayfabe. Right? Like, this bravado,</span> <span class="cue" id="t-3100" data-t="3100">this arrogance, this certainty,</span> <span class="cue" id="t-3102" data-t="3102">that they project that doesn't have any backing in the hash rate or these prediction markets.</span> <span class="cue" id="t-3107" data-t="3107">Prediction markets, like I've said before, reveal kayfabe.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3111">51:51</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3111" data-t="3111">If if everybody if somebody's so sure of something, so confident, but they won't even put a 100,000 sass on it,</span> <span class="cue" id="t-3118" data-t="3118">that that's a disconnect.</span> <span class="cue" id="t-3120" data-t="3120">So,</span> <span class="cue" id="t-3121" data-t="3121">yeah, there there's a million reasons why</span> <span class="cue" id="t-3124" data-t="3124">it will fail. There's a million reasons why they</span> <span class="cue" id="t-3127" data-t="3127">say they don't think it will fail or that they're very confident that it will work.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3131">52:11</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3131" data-t="3131">But</span> <span class="cue" id="t-3133" data-t="3133">you just the market doesn't you know, you take all the stuff into consideration. It's it's very clear that these guys don't know what they're doing. They don't know what they're talking about.</span> <span class="cue" id="t-3142" data-t="3142">They don't really use Bitcoin, at least not at the scale work extent that,</span> <span class="cue" id="t-3147" data-t="3147">you know, Coinbase or</span> <span class="cue" id="t-3151" data-t="3151">entrepreneurs or cipher whatever that is,</span> <span class="cue" id="t-3154" data-t="3154">miners, mining tools, like, it's it's like the it's like</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">Rod Palmer</b> <span class="cue" id="t-3159" data-t="3159">college kids or high school kids crashing out and and protesting.</span> <span class="cue" id="t-3163" data-t="3163">They have no stake in society. They don't know how society is run. They don't know how the rules work.</span> <span class="cue" id="t-3168" data-t="3168">They're just emotionally lashing out, and they want to punish somebody who they've</span> <span class="cue" id="t-3174" data-t="3174">decided is</span> <span class="cue" id="t-3176" data-t="3176">a cause of their problems, their heartache, their sadness, their depression, their lack of glaze, whatever it is, and they're and they want</span> <span class="cue" id="t-3185" data-t="3185">to cause a burden or stress or to rub the spammers as they put it. It's it's really it's all.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3190">53:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3190" data-t="3190">Well, what exactly is happening right now</span> <span class="cue" id="t-3194" data-t="3194">is people engaging in the discussion. It's like, you go in and argue with clubs about this shit.</span> <span class="cue" id="t-3199" data-t="3199">It's kinda like Ben Shapiro when he went and argued with the retarded</span> <span class="cue" id="t-3202" data-t="3202">liberal college students</span> <span class="cue" id="t-3204" data-t="3204">on campus.</span> <span class="cue" id="t-3207" data-t="3207">It's it it they have no idea what they're talking about. Like, their their their heads are just being filled with programming,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3214">53:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3214" data-t="3214">inserted by somebody else, by the by the Rhodes College professors, by, you know, individuals funded</span> <span class="cue" id="t-3222" data-t="3222">by wealthy, you know, well funded NGOs</span> <span class="cue" id="t-3226" data-t="3226">or, you know, whoever. Like, there there there's public masters behind the scenes pulling the strings.</span> <span class="cue" id="t-3232" data-t="3232">It's not very clear who they are.</span> <span class="cue" id="t-3234" data-t="3234">And so, you know, everybody watching,</span> <span class="cue" id="t-3237" data-t="3237">you know, to recap again to what we're talking about earlier is, like, the you know, people are like, okay. Like, big Bitcoin seems interesting</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3244">54:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3244" data-t="3244">and reasonable. Like, you remember, like, Ben Shapiro used to look interesting and reasonable.</span> <span class="cue" id="t-3249" data-t="3249">Now everybody hates him, and he's retarded because he, like, he never had anything of value</span> <span class="cue" id="t-3255" data-t="3255">to say or was interesting. It's just, like, these woke college kids were just so dumb.</span> <span class="cue" id="t-3259" data-t="3259">He he seemed he seemed reasonable. And, like, going and engaging</span> <span class="cue" id="t-3264" data-t="3264">and debating</span> <span class="cue" id="t-3266" data-t="3266">the plebs in this scenario, it's it's the exact same thing. It's it's not addressing who the puppet masters are behind the scenes. Like, what is the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3275">54:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3275" data-t="3275">the outcome of what's happening here?</span> <span class="cue" id="t-3278" data-t="3278">It's delegitimization</span> <span class="cue" id="t-3281" data-t="3281">of an institution</span> <span class="cue" id="t-3285" data-t="3285">for for reasons that are not even, like, probably accurate or reasonable. It's like tearing down Bitcoin core because Gloria has sex. Like,</span> <span class="cue" id="t-3293" data-t="3293">is that a real reason to tear down, you know, to to,</span> <span class="cue" id="t-3297" data-t="3297">you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3299">54:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3299" data-t="3299">be bickering about</span> <span class="cue" id="t-3301" data-t="3301">spam and and relay policy. Like, they, you know, they're they're they're virtue signaling</span> <span class="cue" id="t-3307" data-t="3307">this idea of of not</span> <span class="cue" id="t-3310" data-t="3310">relaying tracks transactions, but you're storing them on your node once they're confirmed in the blockchain by other people.</span> <span class="cue" id="t-3318" data-t="3318">There there from a technical standpoint, it's just gobbly goog. It's very silly.</span> <span class="cue" id="t-3323" data-t="3323">But from, like, a social standpoint, there there are some very clear things that are happening</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3328">55:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3328" data-t="3328">in all of this.</span> <span class="cue" id="t-3330" data-t="3330">One of which is that many of the most passionate advocates for Bitcoin</span> <span class="cue" id="t-3336" data-t="3336">become</span> <span class="cue" id="t-3338" data-t="3338">the most negative,</span> <span class="cue" id="t-3340" data-t="3340">mouthpieces</span> <span class="cue" id="t-3341" data-t="3341">against it, ultimately, from an</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3344">55:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3344" data-t="3344">optic standpoint.</span> <span class="cue" id="t-3347" data-t="3347">They're out there, you know, where it is in the past. They were plump slopping about how you need to buy it because separating money from state, you know, and the Federal Reserve,</span> <span class="cue" id="t-3355" data-t="3355">you know, dollars are melting ice cube.</span> <span class="cue" id="t-3358" data-t="3358">You know, they're pub swapping about all of that. Now they're now they're telling</span> <span class="cue" id="t-3362" data-t="3362">everybody that'll listen,</span> <span class="cue" id="t-3365" data-t="3365">that it's taken over, that centralized,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3368">56:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3368" data-t="3368">that that you're storing CSAM</span> <span class="cue" id="t-3370" data-t="3370">on your little Raspberry Pi.</span> <span class="cue" id="t-3374" data-t="3374">So that's one of the impacts</span> <span class="cue" id="t-3376" data-t="3376">that's happened from this</span> <span class="cue" id="t-3379" data-t="3379">that I think is important to look at. And if you look at, like, b cache,</span> <span class="cue" id="t-3384" data-t="3384">you could say that b cache wasn't successful</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3387">56:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3387" data-t="3387">in the sense of, like, they they forked and it become the predominant</span> <span class="cue" id="t-3391" data-t="3391">coin. But in in many ways, it was the same thing that happened</span> <span class="cue" id="t-3394" data-t="3394">prior,</span> <span class="cue" id="t-3396" data-t="3396">was</span> <span class="cue" id="t-3398" data-t="3398">these individuals that were promoting</span> <span class="cue" id="t-3400" data-t="3400">using Bitcoin as money were hanging out in a lot of</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3404">56:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3404" data-t="3404">subcultural groups,</span> <span class="cue" id="t-3408" data-t="3408">hanging out in the in the fringes of society</span> <span class="cue" id="t-3412" data-t="3412">where,</span> <span class="cue" id="t-3413" data-t="3413">you know, Bitcoin could be used productively and people could get excited about it.</span> <span class="cue" id="t-3418" data-t="3418">And then all of a sudden,</span> <span class="cue" id="t-3420" data-t="3420">the individuals that are in the fringes become</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3424">57:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3424" data-t="3424">incredibly disenchanted with it, and they get they get</span> <span class="cue" id="t-3428" data-t="3428">blasted from both sides of, you know, the Roger Ver, BCash type people,</span> <span class="cue" id="t-3434" data-t="3434">but then also the shitcoiners. And so their heads are spinning.</span> <span class="cue" id="t-3438" data-t="3438">You know, they they take one look, one pass at Bitcoin, write it off because</span> <span class="cue" id="t-3445" data-t="3445">they heard some sort of plug slot block stream conspiracy</span> <span class="cue" id="t-3448" data-t="3448">completely</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">negating it in their minds, and they're they're not gonna do any more research because they they they'd rather,</span> <span class="cue" id="t-3456" data-t="3456">watch Jeff Berwick jerk himself off on stage</span> <span class="cue" id="t-3461" data-t="3461">than listen to forty hours a week at Bitcoin podcast. And,</span> <span class="cue" id="t-3466" data-t="3466">so I I don't know. I mean, it's interesting. It's just the the the oftentimes, the stated goals of these things could be</span> <span class="cue" id="t-3472" data-t="3472">dramatically different than</span> <span class="cue" id="t-3475" data-t="3475">what the actual goals</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3477">57:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3477" data-t="3477">of them are. And</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3480">58:00</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3480" data-t="3480">Yeah. I think one of the one of the topics that</span> <span class="cue" id="t-3484" data-t="3484">was hoping to get into this week, but I think is better to save for</span> <span class="cue" id="t-3489" data-t="3489">our next recording is, what is the space? What is this culture? What is this,</span> <span class="cue" id="t-3495" data-t="3495">discourse?</span> <span class="cue" id="t-3497" data-t="3497">What does the mission what does all this look like</span> <span class="cue" id="t-3500" data-t="3500">going forward?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3501">58:21</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3501" data-t="3501">Obviously,</span> <span class="cue" id="t-3503" data-t="3503">things are not going back to the way they were. Big Sean Harris</span> <span class="cue" id="t-3507" data-t="3507">is not gonna recover his social capital.</span> <span class="cue" id="t-3510" data-t="3510">A lot of people aren't. A lot of people are gonna be wiped out. It's it's gonna be a social capital jubilee,</span> <span class="cue" id="t-3517" data-t="3517">potentially,</span> <span class="cue" id="t-3518" data-t="3518">but</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3520">58:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3520" data-t="3520">it's it's gonna look different. Things are gonna look different. The way that people react and maneuver</span> <span class="cue" id="t-3527" data-t="3527">and, you know, adversarially</span> <span class="cue" id="t-3531" data-t="3531">interact with with big Bitcoin's gonna change. It's gonna have to change.</span> <span class="cue" id="t-3535" data-t="3535">The threats are gonna be much bigger. And the the solutions and the defense, like, that's gonna</span> <span class="cue" id="t-3541" data-t="3541">the the ideas are gonna have to be much more thermodynamically</span> <span class="cue" id="t-3544" data-t="3544">sound. They're gonna have to be much more practical,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3546">59:06</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3546" data-t="3546">much more realistic, and much more</span> <span class="cue" id="t-3549" data-t="3549">you know, just not</span> <span class="cue" id="t-3551" data-t="3551">ClubSlop</span> <span class="cue" id="t-3552" data-t="3552">is is running at running into its end of life. It's going to expire.</span> <span class="cue" id="t-3558" data-t="3558">It's already expired, honestly. Right?</span> <span class="cue" id="t-3560" data-t="3560">It's the new use just like the first turning. What are the institutions?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3565">59:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3565" data-t="3565">What are</span> <span class="cue" id="t-3567" data-t="3567">the memes? What are the podcasts? What are they gonna look like for the first turning? Because a lot of us joined the first turning a while ago. A lot of us flipped the fourth turning behind us a while ago.</span> <span class="cue" id="t-3577" data-t="3577">The rest of you, the rest of us,</span> <span class="cue" id="t-3581" data-t="3581">the first turning</span> <span class="cue" id="t-3583" data-t="3583">begins in August</span> <span class="cue" id="t-3585" data-t="3585">whether you want to or not.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3587">59:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3587" data-t="3587">And Big Bitcoin has a head start.</span> <span class="cue" id="t-3590" data-t="3590">So</span> <span class="cue" id="t-3591" data-t="3591">in the AI surveillance state, we didn't even get into that today, but that's coming. So</span> <span class="cue" id="t-3596" data-t="3596">we're gonna think about what comes next.</span> <span class="cue" id="t-3599" data-t="3599">But, yeah, I've got I've gotta catch a plane. I'm headed to a Glaze conference, so I gotta go cover that.</span> <span class="cue" id="t-3608" data-t="3608">But, yeah, a lot to think about.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3612">1:00:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3612" data-t="3612">There's still some alpha. There's still some money to be made on the prediction markets</span> <span class="cue" id="t-3616" data-t="3616">if you know the BIP one ten will fail. So</span> <span class="cue" id="t-3619" data-t="3619">get it while the getting's good.</span> <span class="cue" id="t-3621" data-t="3621">Absolutely.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3625">1:00:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3625" data-t="3625">It's getting hairy out there, folks. And,</span> <span class="cue" id="t-3629" data-t="3629">I don't know what the next couple weeks will look like. It it it's gonna be a slop storm, so we'll we'll, I think next week, we'll probably be talking about the slop storm and then be talking about the aftermath after that.</span> <span class="cue" id="t-3640" data-t="3640">But I don't know. That's just it's it's entertaining.</span> <span class="cue" id="t-3643" data-t="3643">To say the least, I'm entertained. I I hope that you're entertained.</span> <span class="cue" id="t-3648" data-t="3648">But I also know that</span> <span class="cue" id="t-3650" data-t="3650">a good portion of people are kind of, tuning out, and there will be an awesome opportunity</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3656">1:00:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3656" data-t="3656">to enjoy White Gut Goi Summer and to tune out</span> <span class="cue" id="t-3660" data-t="3660">here in the near future with</span> <span class="cue" id="t-3663" data-t="3663">Lake Satoshi.</span> <span class="cue" id="t-3664" data-t="3664">But, yeah, I mean, there's things on the horizon like the the AI surveillance state. I've been scrolling on Instagram, and it's been interesting because seeing a lot of</span> <span class="cue" id="t-3675" data-t="3675">memes about cutting flop cameras down.</span> <span class="cue" id="t-3679" data-t="3679">So I I don't really know if it's happening or not, but, you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3682">1:01:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3682" data-t="3682">it's just weird to to go on Instagram</span> <span class="cue" id="t-3685" data-t="3685">and see tutorials on how to cut</span> <span class="cue" id="t-3688" data-t="3688">font cameras down.</span> <span class="cue" id="t-3691" data-t="3691">Just it's different. It's unique.</span> <span class="cue" id="t-3694" data-t="3694">But,</span> <span class="cue" id="t-3695" data-t="3695">yeah. Put out</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3697">1:01:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3697" data-t="3697">paid subscriber episode</span> <span class="cue" id="t-3701" data-t="3701">a little bit ago, and I'm gonna I have a episode</span> <span class="cue" id="t-3704" data-t="3704">release or not released, but recorded with Max</span> <span class="cue" id="t-3708" data-t="3708">from Convertible Misfits that I will be publishing here shortly after this drops.</span> <span class="cue" id="t-3714" data-t="3714">But</span> <span class="cue" id="t-3715" data-t="3715">there is</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3718">1:01:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3718" data-t="3718">during times like this,</span> <span class="cue" id="t-3721" data-t="3721">when things are crazy, when when it looks like big Bitcoin or big pharma or big, you know, whatever the big conglomerate is,</span> <span class="cue" id="t-3729" data-t="3729">that is pressing</span> <span class="cue" id="t-3731" data-t="3731">down against</span> <span class="cue" id="t-3733" data-t="3733">your spirit,</span> <span class="cue" id="t-3735" data-t="3735">threatening to make life difficult for you,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3740">1:02:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3740" data-t="3740">when when tyranny is in the air.</span> <span class="cue" id="t-3745" data-t="3745">I think it's important to understand</span> <span class="cue" id="t-3747" data-t="3747">that tyranny is unnatural. It is one of those things</span> <span class="cue" id="t-3754" data-t="3754">that can only</span> <span class="cue" id="t-3755" data-t="3755">push so far because</span> <span class="cue" id="t-3758" data-t="3758">it takes a lot of energy</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3761">1:02:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3761" data-t="3761">to</span> <span class="cue" id="t-3763" data-t="3763">uphold. And so I did they just</span> <span class="cue" id="t-3766" data-t="3766">while</span> <span class="cue" id="t-3767" data-t="3767">things on the horizon look bleak at some ways,</span> <span class="cue" id="t-3770" data-t="3770">the future looks difficult,</span> <span class="cue" id="t-3773" data-t="3773">potentially.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3775">1:02:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3775" data-t="3775">There are opportunities,</span> <span class="cue" id="t-3777" data-t="3777">and it is not over.</span> <span class="cue" id="t-3779" data-t="3779">And,</span> <span class="cue" id="t-3780" data-t="3780">like, there's a lot of reasons to be hopeful. But, anyways,</span> <span class="cue" id="t-3783" data-t="3783">that being said, let's get into the found boost folks.</span> <span class="cue" id="t-3788" data-t="3788">First boost from late stage huddle said, have fun at least, Satoshi. Sorry. I won't be there this year. Well,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3794">1:03:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3794" data-t="3794">you will be missed</span> <span class="cue" id="t-3797" data-t="3797">quite a bit. I was really bummed when I saw this. Like, I I almost crashed out myself when I saw this in the group chat late stage.</span> <span class="cue" id="t-3804" data-t="3804">So we will miss you, and, looking forward to to catching up. Maybe I'll have to,</span> <span class="cue" id="t-3810" data-t="3810">give you a call on my way out there. Orange mark five thousand says, said, beagleers, remember to hit the share on</span> <span class="cue" id="t-3817" data-t="3817">nostril button when you send a boost. It's the best way to spread the signal</span> <span class="cue" id="t-3822" data-t="3822">and mock the plugs.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3824">1:03:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3824" data-t="3824">Because let's be real. If you boost a podcast and don't flex on the timeline, did it even happen? Yeah. It's a good point.</span> <span class="cue" id="t-3832" data-t="3832">It's one of my favorite things is, you know, when I when I go and boost the podcast, people can see it on the on the Nostril timeline, and they it it's nice to share, especially since the the Beagle account</span> <span class="cue" id="t-3843" data-t="3843">has gained a little bit more followers after Maxi Madness. So, yeah, I mean, it's definitely one of those things</span> <span class="cue" id="t-3850" data-t="3850">that is incredibly helpful. It is one of the coolest features that</span> <span class="cue" id="t-3856" data-t="3856">Fountain has come out with, if not the coolest feature is the ability the integration with Oster. I mean, it's just</span> <span class="cue" id="t-3864" data-t="3864">it's really useful from a creator standpoint. So, yeah, I mean, definitely a huge thing. Like, if you comment with the with the podcast link or, you know, anything like that, if you ever you're in Oster,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3876">1:04:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3876" data-t="3876">even if you don't boost it, it still post up the episodes. It's pretty useful.</span> <span class="cue" id="t-3879" data-t="3879">Thanks for pointing that out. Orange mark. Used to read a lot. 5,000 sat. Always a pleasure.</span> <span class="cue" id="t-3885" data-t="3885">Appreciate you.</span> <span class="cue" id="t-3887" data-t="3887">Sasha, 4,444</span> <span class="cue" id="t-3889" data-t="3889">sat is great.</span> <span class="cue" id="t-3891" data-t="3891">Show interesting times for sure.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3894">1:04:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3894" data-t="3894">Stack Gerald, 21 header sats is Kimmy k three.</span> <span class="cue" id="t-3899" data-t="3899">Rev HODL, 420</span> <span class="cue" id="t-3900" data-t="3900">sats. I will spend the rest of my days searching for the mother of all nodes. Hashtag 40 h b w. Yeah.</span> <span class="cue" id="t-3908" data-t="3908">Mother of all, I I just wonder how much power it has. Side of Stormbrack, a 121</span> <span class="cue" id="t-3913" data-t="3913">says, join a cult, have lots of sex, run your truth nodes, gatekeep the blockchain.</span> <span class="cue" id="t-3919" data-t="3919">Are you in the influencer class, Tallaglaze Maxine, people weekly news forever?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3925">1:05:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3925" data-t="3925">Dosto Gang, a 101 says says, I am sometimes naked while listening to Bitcoin podcast.</span> <span class="cue" id="t-3932" data-t="3932">BTC on board.</span> <span class="cue" id="t-3934" data-t="3934">So a 100¢.</span> <span class="cue" id="t-3935" data-t="3935">Thumbs up emoji salute. Thumbs up emoji.</span> <span class="cue" id="t-3939" data-t="3939">I think one of the</span> <span class="cue" id="t-3943" data-t="3943">I've been reluctant</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3944">1:05:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3944" data-t="3944">to</span> <span class="cue" id="t-3945" data-t="3945">call</span> <span class="cue" id="t-3948" data-t="3948">what we're experiencing right now a war. I mean, I guess, in in many ways, it's culture war. They wanna call it the node wars. I would call it the slop wars.</span> <span class="cue" id="t-3957" data-t="3957">But one of the</span> <span class="cue" id="t-3958" data-t="3958">characteristics</span> <span class="cue" id="t-3959" data-t="3959">of a war is being so intensely</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3962">1:06:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3962" data-t="3962">into it that you have trouble seeing what the future will look like afterwards. And I I think,</span> <span class="cue" id="t-3968" data-t="3968">socially, we're all a little bit uncertain. There's gonna be</span> <span class="cue" id="t-3972" data-t="3972">some serious</span> <span class="cue" id="t-3976" data-t="3976">repercussions of fallout for it. Hopefully, people are</span> <span class="cue" id="t-3980" data-t="3980">prepared to accept the consequences for their behavior.</span> <span class="cue" id="t-3983" data-t="3983">And, I know we are. You know, we have no issues with reporting the news.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3990">1:06:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3990" data-t="3990">And I think we've done it effectively, and I feel good by standing by everything that we've done.</span> <span class="cue" id="t-3996" data-t="3996">But I know, you know, it's been funny because there's been some people that</span> <span class="cue" id="t-4000" data-t="4000">claim to be keeping receipts. It's just nice that somebody has a backup of of our our bangers.</span> <span class="cue" id="t-4007" data-t="4007">Hopefully, more people keep keep receipts on us.</span> <span class="cue" id="t-4010" data-t="4010">But, yeah, thank you to our subscribers, Dave,</span> <span class="cue" id="t-4013" data-t="4013">Charlie Roger, Jason. He used to read it a lot. Lahav,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4017">1:06:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4017" data-t="4017">BGC onboard, Boomer,</span> <span class="cue" id="t-4019" data-t="4019">Fundamentals,</span> <span class="cue" data-t="4019">Sean, Open Mic, and Avi Burra. Appreciate you guys,</span> <span class="cue" id="t-4024" data-t="4024">and</span> <span class="cue" id="t-4025" data-t="4025">try and get some more</span> <span class="cue" id="t-4028" data-t="4028">premium content</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4029">1:07:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4029" data-t="4029">out to you guys soon.</span> <span class="cue" id="t-4032" data-t="4032">Thank you, folks, for listening to Beagle Weekly, and we'll catch you next.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4039">1:07:19</a><span class="cue-body"><b class="cue-who">Unknown</b> <span class="cue" id="t-4039" data-t="4039">Yeah.</span> <span class="cue" id="t-4041" data-t="4041">Bitch, I'm watching them burning bridges.</span> <span class="cue" id="t-4048" data-t="4048">Yeah. Yeah. Sometimes you have no choice but to take the role of a villain. When the plebs lost their minds and cooked ideas need killing. Do a line of code before I take on that whole coalition.</span> <span class="cue" id="t-4058" data-t="4058">Test</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4112">1:08:32</a><span class="cue-body"><b class="cue-who">Unknown</b> <span class="cue" id="t-4112" data-t="4112">your salty tears. Fighter pilots in space is crying like little girls claiming that spam is a reason to be clutching it pearls. Tried thinking for yourself that be a plot twist. Sloppers tell you to jump. You don't even</span> <span class="cue" id="t-4139" data-t="4139">When you keep acting a fool, people will remember. Gloria is high, yet they still are condemned or just kill some brain cells listening to luke de wolf. I hear the sex isn't even good in their cult. Copy paste conviction isn't something to flex. Getting Getting glazed by bots isn't the same as having respect.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4158">1:09:18</a><span class="cue-body"><b class="cue-who">Unknown</b> <span class="cue" id="t-4158" data-t="4158">Y'all treating bibs like celebrity fan fiction. No one with cognitive dissonance drowning in contradiction.</span> <span class="cue" id="t-4164" data-t="4164">Telegraphing</span> <span class="cue" id="t-4165" data-t="4165">their demise if the civil attack doesn't work. It's liking they're trying to give reasons for the giggler or smirk.</span> <span class="cue" id="t-4172" data-t="4172">I'm watching them burn their bridges. Getting lost in the saws. Firmware is glitching.</span> <span class="cue" id="t-4179" data-t="4179">I'm watching them burn their bridges.</span> <span class="cue" id="t-4195" data-t="4195">It will make him slightly</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">Unknown</b> <span class="cue" id="t-4201" data-t="4201">less.</span></span></p>