Revision history · Transcript

Transcript: Decentralizing Compliance With Steven Lubka | Bugle Weekly Episode 24

← Back to the page

1 revision · first seen 2026-08-12 · last edited 2026-08-12 · 0 by Henry 1 by a human

1. bugle-ingest[bot] 2026-08-12 Ingest: 0 new episode(s) — raw sources + transcripts 32a9a2b
   Show changes

   diff --git a/wiki/transcripts/decentralizing-compliance-with-steven-lubka-bugle-weekly-episode-24.md b/wiki/transcripts/decentralizing-compliance-with-steven-lubka-bugle-weekly-episode-24.md
   new file mode 100644
   index 00000000..981a6e67
   --- /dev/null
   +++ b/wiki/transcripts/decentralizing-compliance-with-steven-lubka-bugle-weekly-episode-24.md
   @@ -0,0 +1,505 @@
   +---
   +title: "Transcript: Decentralizing Compliance With Steven Lubka | Bugle Weekly Episode 24"
   +type: transcript
   +episode: decentralizing-compliance-with-steven-lubka-bugle-weekly-episode-24
   +generated: true
   +date: 2024-09-02
   +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/uQBaj8ddlOs4K83byxLy/files/AUDIO---DEFAULT---63447b09-0cf4-43a4-a0eb-5069746fc6c9.mp3"
   +duration: "1:18:37"
   +sources:
   +  - raw/episodes/decentralizing-compliance-with-steven-lubka-bugle-weekly-episode-24/bundle.json
   +---
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1">0:01</a><span class="cue-body"><b class="cue-who">Hailey Welch</b> <span class="cue" id="t-1" data-t="1">Journalists,</span> <span class="cue" id="t-4" data-t="4">podcasters,</span> <span class="cue" id="t-5" data-t="5">confidences,</span> <span class="cue" id="t-7" data-t="7">influencers.</span> <span class="cue" id="t-9" data-t="9">Only the intellectual silk road can destroy PodConf and bring balance to the world.</span> <span class="cue" id="t-26" data-t="26">We are taking a break from the scheduled programming to bring you a groundbreaking</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-30">0:30</a><span class="cue-body"><b class="cue-who">Hailey Welch</b> <span class="cue" id="t-30" data-t="30">interview where Richard Greaser interviews Podkom</span> <span class="cue" id="t-33" data-t="33">approved compliance influencer, Steven Luko.</span> <span class="cue" id="t-36" data-t="36">This is your smoking hot vape producer, Hailey Welch. Buckle up as you are about to enter the bugle curse.</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">Alright. We're recording,</span> <span class="cue" id="t-46" data-t="46">little bit of a shake up and,</span> <span class="cue" id="t-48" data-t="48">it is, schedule.</span> <span class="cue" id="t-50" data-t="50">Rod Ulmer</span> <span class="cue" id="t-52" data-t="52">is on vacation.</span> <span class="cue" id="t-54" data-t="54">He,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-56">0:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-56" data-t="56">he needed some sun.</span> <span class="cue" id="t-58" data-t="58">He's out sunning his balls,</span> <span class="cue" id="t-60" data-t="60">having a good time, you know, on this, Labor Day weekend. And so today,</span> <span class="cue" id="t-65" data-t="65">joining me</span> <span class="cue" id="t-67" data-t="67">is Steven Lobka.</span> <span class="cue" id="t-69" data-t="69">How's it going, Steven?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-71">1:11</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-71" data-t="71">It's going great, man. One</span> <span class="cue" id="t-74" data-t="74">of the biggest struggles in my life is that</span> <span class="cue" id="t-78" data-t="78">you know, when you look at the peer reviewed studies,</span> <span class="cue" id="t-81" data-t="81">there's just not, you know, our our our experts, you know, our our our published experts don't wanna endorse</span> <span class="cue" id="t-88" data-t="88">sunning your balls. And that is, it's just so painful for me. I I really wanna be in line with the research,</span> <span class="cue" id="t-95" data-t="95">but,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-96">1:36</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-96" data-t="96">you know, it's a tough one. So so good on Rod and, you know, I'm glad he's taking care of his health. Hey, why do you think that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-103">1:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-103" data-t="103">the experts</span> <span class="cue" id="t-104" data-t="104">do not embrace</span> <span class="cue" id="t-105" data-t="105">stunning your ball?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-107">1:47</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-107" data-t="107">You know, they're usually</span> <span class="cue" id="t-110" data-t="110">so good and I've learned so much from them. They're incredibly reliable.</span> <span class="cue" id="t-115" data-t="115">But,</span> <span class="cue" id="t-116" data-t="116">you know,</span> <span class="cue" id="t-117" data-t="117">I think sometimes it</span> <span class="cue" id="t-120" data-t="120">takes a little bit to to catch up with with new research. I think they're I mean, honestly, they're probably just, like, very busy doing peer review, and they just haven't had time to read the papers.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-131">2:11</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-131" data-t="131">And, you know, you have to you gotta hand it to them. I mean, they're doing their job and, you know, eventually, I think they will get through their, reading. Do do you think that, like, Charles Hoskinson</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-141">2:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-141" data-t="141">and Cardano</span> <span class="cue" id="t-143" data-t="143">in their attempts to just, like, flood the world with peer reviewed,</span> <span class="cue" id="t-148" data-t="148">papers</span> <span class="cue" id="t-149" data-t="149">is kind of like an operation</span> <span class="cue" id="t-151" data-t="151">to prevent the experts from focusing on more important topics</span> <span class="cue" id="t-154" data-t="154">like this.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-155">2:35</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-155" data-t="155">A 100%, man. I mean, it is such a sacred thing to,</span> <span class="cue" id="t-161" data-t="161">to mess with in that way. Like, you know, it's one thing to,</span> <span class="cue" id="t-165" data-t="165">you know,</span> <span class="cue" id="t-166" data-t="166">issue issue shit coins. But to try to interfere with the process of peer review, I mean, that that's a bridge too far, man. It's he he's a he's a bad guy. I mean, you you don't you don't mess with science. I mean, science is,</span> <span class="cue" id="t-183" data-t="183">you know, the closest thing to religion</span> <span class="cue" id="t-186" data-t="186">that we have today. And,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-188">3:08</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-188" data-t="188">you know, to to to make a mockery</span> <span class="cue" id="t-191" data-t="191">of our scientists</span> <span class="cue" id="t-192" data-t="192">by,</span> <span class="cue" id="t-193" data-t="193">just just forcing papers through peer review,</span> <span class="cue" id="t-196" data-t="196">I mean, it's sacrilege.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-201">3:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-201" data-t="201">So yeah.</span> <span class="cue" id="t-203" data-t="203">I think typically</span> <span class="cue" id="t-205" data-t="205">on this podcast we're pretty anti PodConf.</span> <span class="cue" id="t-209" data-t="209">And that's like the reason why the People Weekly has been formed is to</span> <span class="cue" id="t-213" data-t="213">attempt to disrupt and even destroy PodConf.</span> <span class="cue" id="t-219" data-t="219">You kind of exist in the in the Podkoff ecosystem. I think you're tend to be pro,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-225">3:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-225" data-t="225">Podkoff.</span> <span class="cue" id="t-226" data-t="226">What are your,</span> <span class="cue" id="t-228" data-t="228">you know, reasons for kinda aligning with these guys?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-232">3:52</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-232" data-t="232">No. So I I totally get it. You know, I totally get it. I I I understand why there's some bad blood there. I I just think that</span> <span class="cue" id="t-240" data-t="240">you guys and I I don't mean this in a bad way, but, like, you've never run a a,</span> <span class="cue" id="t-246" data-t="246">a conference. You know? Like, you just you haven't run a Bitcoin conference, and that's totally fine. I'm not I'm not criticizing you guys for that. But when you run a Bitcoin conference,</span> <span class="cue" id="t-256" data-t="256">you realize that, like, your number one value, like, your number one focus</span> <span class="cue" id="t-262" data-t="262">I mean, it it needs to be compliance or everything just goes off the rails. Like, you have to make sure you have your approved list of guests, your approved list of speakers, that you have the right people coming in. Everyone's got a name tag. You've KYC'd everyone. I mean,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-279">4:39</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-279" data-t="279">it it really would be terrible if, like, someone who did not KYC themself got into your Bitcoin conference.</span> <span class="cue" id="t-285" data-t="285">I mean, I've seen this happen. It was a disaster.</span> <span class="cue" id="t-288" data-t="288">And, you know, I,</span> <span class="cue" id="t-290" data-t="290">you know, appreciate you guys, but, you know, until the bugle</span> <span class="cue" id="t-294" data-t="294">has a has a bugle conference in the Bitcoin space, I just don't think you can understand the lived experience of Podkoff. So why why do you think that, like a KYC conference isn't right?</span> <span class="cue" id="t-307" data-t="307">Like, what's the benefit of it? Yeah. No. Absolutely. It's a great question. And I mean, if you think about it,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-313">5:13</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-313" data-t="313">I think Bitcoin</span> <span class="cue" id="t-314" data-t="314">conferences</span> <span class="cue" id="t-315" data-t="315">are really the next level</span> <span class="cue" id="t-318" data-t="318">for KYC exchanges. Because what is you know, it's one thing to KYC your users through a third party. Right? Like, that's just kind of the bare bones minimum that you need to do.</span> <span class="cue" id="t-329" data-t="329">But, like, once you've already KYC ed them with a KYC vendor, I mean,</span> <span class="cue" id="t-335" data-t="335">you know, I I don't wanna just do the bare minimum, Richard. Like, I wanna I wanna I wanna be the best in the business. And so</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-342">5:42</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-342" data-t="342">I wanna know my customers. Like, I wanna sit down with my KYC approved users, and I wanna know them. I wanna have a cup of coffee. I wanna look at them. I wanna record exactly what they look like on a,</span> <span class="cue" id="t-355" data-t="355">you know, a hard drive that, we can store in the cloud. So,</span> <span class="cue" id="t-360" data-t="360">you know, having if you run a KYC exchange,</span> <span class="cue" id="t-364" data-t="364">I mean, you've gotta have a Bitcoin conference. It's like, you know, table stakes because you've got an I mean and and maybe there's some other ways to do it. Like, you could host meetups. I mean, Bitcoin meetups are very popular.</span> <span class="cue" id="t-376" data-t="376">You could definitely have a KYC only meetup.</span> <span class="cue" id="t-378" data-t="378">Get to know everybody. That's good. There's plenty of events. Obviously, you have to make appearances at other conferences. We were just in Nashville.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-386">6:26</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-386" data-t="386">Those guys did a great job. I had an awesome name tag. They knew exactly who I was.</span> <span class="cue" id="t-391" data-t="391">Like, you know, my identity was fully confirmed. And I got to meet so many people that also had, you know,</span> <span class="cue" id="t-397" data-t="397">excellent name tags, great identification.</span> <span class="cue" id="t-399" data-t="399">I mean, the secret service was there. That was really one of the best parts in Nashville. Right? Like, you go to a conference and, you know, you expect to, you know, be identified,</span> <span class="cue" id="t-408" data-t="408">do a bag check. But, like, to have the Secret Service doing that, that that really just took it to the next level for me. I mean, chef's kiss, hats off.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-417">6:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-417" data-t="417">So, I mean, the the whole Secret Service thing was kinda interesting.</span> <span class="cue" id="t-423" data-t="423">I think the majority of people believe that at least to certain extent or have the question</span> <span class="cue" id="t-430" data-t="430">in the back of their head, was the CIA responsible for shooting Donald Trump?</span> <span class="cue" id="t-437" data-t="437">Is there a potential that the reason why</span> <span class="cue" id="t-441" data-t="441">there was so much KYC at that conference was because they</span> <span class="cue" id="t-444" data-t="444">wanted to know, the secret service wanted to know who from the CIA was there and instead of trying to KYC</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-454">7:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-454" data-t="454">Bitcoiners, they were trying to KYC the intelligence agencies.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-458">7:38</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-458" data-t="458">So like an internal</span> <span class="cue" id="t-460" data-t="460">intra agency</span> <span class="cue" id="t-462" data-t="462">KYC</span> <span class="cue" id="t-464" data-t="464">like, kinda competition. That I mean, I haven't heard that theory before.</span> <span class="cue" id="t-469" data-t="469">But, you know, I mean, I'm sure that is a point of tension between, you know, the various intelligence agencies is they probably</span> <span class="cue" id="t-476" data-t="476">don't have KYC</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-478">7:58</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-478" data-t="478">information on the operatives of other competing agencies. And I mean, that that is a vulnerability. Right? Like, I I I'd actually, like,</span> <span class="cue" id="t-486" data-t="486">you know, it's it's potentially a risk to democracy. Yeah. So, like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-490">8:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-490" data-t="490">when</span> <span class="cue" id="t-491" data-t="491">you're working with your clients,</span> <span class="cue" id="t-495" data-t="495">and you're you're focusing on clients, like you know that</span> <span class="cue" id="t-500" data-t="500">these types of intelligence agencies are like the primary</span> <span class="cue" id="t-505" data-t="505">non compliers.</span> <span class="cue" id="t-506" data-t="506">They're the least compliant individuals in our society.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-512">8:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-512" data-t="512">Like how do you prevent</span> <span class="cue" id="t-514" data-t="514">like Mossad</span> <span class="cue" id="t-516" data-t="516">from like funding</span> <span class="cue" id="t-518" data-t="518">these clandestine operations from giving</span> <span class="cue" id="t-521" data-t="521">organizations</span> <span class="cue" id="t-522" data-t="522">like Moss</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-524">8:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-524" data-t="524">Bitcoin?</span> <span class="cue" id="t-526" data-t="526">How do you prevent</span> <span class="cue" id="t-527" data-t="527">the CIA from funding groups like Isis with Bitcoin?</span> <span class="cue" id="t-534" data-t="534">I think as Bitcoiners, we want to ensure that those types of activities where these terrorist groups are getting funded by intelligence groups, it stays in the banking system. We want</span> <span class="cue" id="t-545" data-t="545">Jamie Dimon</span> <span class="cue" id="t-547" data-t="547">to be the primary funder of that, we want to keep Bitcoin</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-553">9:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-553" data-t="553">for</span> <span class="cue" id="t-554" data-t="554">genuinely good non compliant activities like</span> <span class="cue" id="t-558" data-t="558">non non KYC cigarette</span> <span class="cue" id="t-560" data-t="560">transactions. We don't wanna be funding,</span> <span class="cue" id="t-563" data-t="563">the Moscow terrorists, for example. Like, how how are you</span> <span class="cue" id="t-568" data-t="568">focused on that?</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">Steven Lubka</b> <span class="cue" id="t-569" data-t="569">Yeah. No. That's a great that's a great question. So</span> <span class="cue" id="t-573" data-t="573">this is why</span> <span class="cue" id="t-576" data-t="576">standard KYC procedures</span> <span class="cue" id="t-578" data-t="578">that most kind of, you know, companies in the industry use, like, really are insufficient. It might work for</span> <span class="cue" id="t-586" data-t="586">99%</span> <span class="cue" id="t-587" data-t="587">of clients. But the moment you have somebody from the CIA</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-591">9:51</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-591" data-t="591">or a foreign intelligence agency</span> <span class="cue" id="t-593" data-t="593">trying to, you know, buy Bitcoin</span> <span class="cue" id="t-596" data-t="596">so they can do, clandestine,</span> <span class="cue" id="t-598" data-t="598">you know, actions,</span> <span class="cue" id="t-600" data-t="600">with with those coins. Right? This is where the standard KYC procedure just falls short.</span> <span class="cue" id="t-606" data-t="606">And, you know, as far as I know, I mean, this isn't required.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-610">10:10</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-610" data-t="610">You don't have to do this to comply.</span> <span class="cue" id="t-613" data-t="613">But there's there's there's a there's a really interesting procedure you can use that we we call triple blind zero knowledge KYC.</span> <span class="cue" id="t-621" data-t="621">And so this is where instead of just what most companies are doing is they're going to one KYC vendor.</span> <span class="cue" id="t-628" data-t="628">And they're you know, we're submitting information and getting the thumbs up. Everything's good. But when you're dealing with, like, intelligence assets,</span> <span class="cue" id="t-636" data-t="636">what you wanna actually do is you wanna submit that KYC information to multiple KYC</span> <span class="cue" id="t-642" data-t="642">providers</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-643">10:43</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-643" data-t="643">and then validate</span> <span class="cue" id="t-645" data-t="645">the results against the other providers. And what you'll see is with intelligence operatives,</span> <span class="cue" id="t-650" data-t="650">you'll actually get, like, different results and different confirmations. And that's how you know that this is a created identity</span> <span class="cue" id="t-657" data-t="657">that, you know, they're feeding to the the, you know, the large</span> <span class="cue" id="t-661" data-t="661">big providers of KYC verification.</span> <span class="cue" id="t-664" data-t="664">But, you know, when you when you work with maybe some foreign KYC partners, you work with kinda KYC providers</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-671">11:11</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-671" data-t="671">that are outside of their purview and suddenly the results don't match up and that's how you flag it and that's how you make sure that everybody's safe. I think most people that use Bitcoin, they're kind of aware of this</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-685">11:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-685" data-t="685">type of</span> <span class="cue" id="t-687" data-t="687">strategy</span> <span class="cue" id="t-688" data-t="688">in the sense of like when you broadcast a transaction,</span> <span class="cue" id="t-692" data-t="692">like, you know, most people don't</span> <span class="cue" id="t-694" data-t="694">consider it valid until it has at least a few confirmations</span> <span class="cue" id="t-698" data-t="698">on the blockchain. So,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-702">11:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-702" data-t="702">essentially, what you're suggesting for KYC is you need multiple nodes essentially</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-707">11:47</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-707" data-t="707">validating the information. Is correct? Exactly. You know, we need decentralization</span> <span class="cue" id="t-713" data-t="713">of KYC.</span> <span class="cue" id="t-715" data-t="715">Like, we need</span> <span class="cue" id="t-717" data-t="717">many, many, many different KYC providers independently</span> <span class="cue" id="t-721" data-t="721">verifying the proof of work of other KYC providers.</span> <span class="cue" id="t-724" data-t="724">And in this way, I mean, you can truly innovate</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-728">12:08</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-728" data-t="728">and, I think just have a massive breakthrough</span> <span class="cue" id="t-731" data-t="731">in,</span> <span class="cue" id="t-732" data-t="732">just just the the</span> <span class="cue" id="t-734" data-t="734">the positive impact of KYC and society.</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">Richard Greaser</b> <span class="cue" id="t-738" data-t="738">Yeah. So I mean, why why have you chosen to to kind of align with,</span> <span class="cue" id="t-743" data-t="743">with PodConff</span> <span class="cue" id="t-744" data-t="744">knowing that,</span> <span class="cue" id="t-745" data-t="745">you know, there's there's such an, like, an emphasis</span> <span class="cue" id="t-748" data-t="748">on on essentially, like, being anti psych. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-752">12:32</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-752" data-t="752">I, you know, I know you guys aren't the biggest PodConff</span> <span class="cue" id="t-756" data-t="756">appreciators,</span> <span class="cue" id="t-758" data-t="758">but</span> <span class="cue" id="t-759" data-t="759">I just I just feel like,</span> <span class="cue" id="t-762" data-t="762">you know, like, let let let's let's kinda roll back the clock a little bit. Okay?</span> <span class="cue" id="t-767" data-t="767">Let's look at history. Right?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-769">12:49</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-769" data-t="769">You look at the December,</span> <span class="cue" id="t-771" data-t="771">the thirteen hundreds, fourteen hundreds, and going on. And you see this,</span> <span class="cue" id="t-776" data-t="776">you know, this this sudden ramp, right, in</span> <span class="cue" id="t-780" data-t="780">the seventeen hundreds, the eighteen hundreds, the nineteen hundreds. Right? Like, global productivity goes up, quality of living goes up. We have these very interconnected</span> <span class="cue" id="t-789" data-t="789">societies,</span> <span class="cue" id="t-791" data-t="791">where the in the wealthiest we've ever been.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-794">13:14</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-794" data-t="794">And,</span> <span class="cue" id="t-795" data-t="795">you know, I mean, that that's that's been the largest reduction in human suffering that we've ever seen. Right? Like, you know, the economic growth of the last couple hundred years has transformed the planet. It's given us advanced technologies, computers, Bitcoin.</span> <span class="cue" id="t-808" data-t="808">And,</span> <span class="cue" id="t-809" data-t="809">you know, you can really chart the start of that economic growth</span> <span class="cue" id="t-815" data-t="815">to,</span> <span class="cue" id="t-816" data-t="816">breakthroughs in licensing.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-818">13:38</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-818" data-t="818">And this is really early KYC. Right? So when when you come into the industrial revolution, most people think that</span> <span class="cue" id="t-824" data-t="824">it's,</span> <span class="cue" id="t-826" data-t="826">you know, like, the factories and the production of goods, and, of course, that had a role. But, like, as soon as you have industrial capacity,</span> <span class="cue" id="t-833" data-t="833">you have to you have to work much harder</span> <span class="cue" id="t-837" data-t="837">on tracking, identification,</span> <span class="cue" id="t-839" data-t="839">worker IDs,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-841">14:01</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-841" data-t="841">licensure,</span> <span class="cue" id="t-842" data-t="842">insurance,</span> <span class="cue" id="t-843" data-t="843">all of the pillars of our modern world.</span> <span class="cue" id="t-846" data-t="846">And, you know, we we have to,</span> <span class="cue" id="t-848" data-t="848">like, we have to give credit where credit's due and understand that, like, our modern prosperity</span> <span class="cue" id="t-855" data-t="855">okay. So so look at this. As</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-858">14:18</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-858" data-t="858">the level of surveillance,</span> <span class="cue" id="t-861" data-t="861">and the cost of compliance right? Like, companies spend</span> <span class="cue" id="t-866" data-t="866">billions and billions of dollars every year on compliance now. It's one of the biggest cost centers for productive enterprises.</span> <span class="cue" id="t-874" data-t="874">And GDP has been growing</span> <span class="cue" id="t-877" data-t="877">along with those compliance costs. So when I see that, I see a very strong correlation,</span> <span class="cue" id="t-883" data-t="883">that you can't ignore. Right? Like, those two things are are absolutely</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-887">14:47</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-887" data-t="887">statistically correlated.</span> <span class="cue" id="t-889" data-t="889">And,</span> <span class="cue" id="t-891" data-t="891">you know, it it's just it's just reasonable to look at the history of,</span> <span class="cue" id="t-896" data-t="896">industrial revolution and, Western civilization</span> <span class="cue" id="t-900" data-t="900">and just see that, like, compliance costs have just been hand in hand with economic growth. And, you know, I think PodCon gets that. So like my stance of where, you know, because I also wanna see GDP growth. Yeah. Of course. Well,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-916">15:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-916" data-t="916">my my stance on it is I think</span> <span class="cue" id="t-919" data-t="919">there's gonna be more GDP growth from</span> <span class="cue" id="t-923" data-t="923">non compliant activities and engaging in the value for value ecosystem.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-929">15:29</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-929" data-t="929">But I don't ever validate that. Like, you're telling me the noncompliant</span> <span class="cue" id="t-934" data-t="934">ecosystem</span> <span class="cue" id="t-935" data-t="935">is gonna produce</span> <span class="cue" id="t-936" data-t="936">GDP growth.</span> <span class="cue" id="t-938" data-t="938">But, like,</span> <span class="cue" id="t-939" data-t="939">how would we ever know?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-941">15:41</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-941" data-t="941">You know? And then the statistics, I mean, the the official number would trend down. And if the official number trends down because all of the economic activity is taking place,</span> <span class="cue" id="t-952" data-t="952">outside of monitored channels,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-954">15:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-954" data-t="954">well, that's a recession. Yeah. And and that's why I think there's it is important to have this, like, whole different set of,</span> <span class="cue" id="t-961" data-t="961">journalists</span> <span class="cue" id="t-963" data-t="963">like what we're doing at the Bugle to cover these topics</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-968">16:08</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-968" data-t="968">and represent it because you know, you I mean, you guys can come up with your own GDP reporting for non compliant</span> <span class="cue" id="t-976" data-t="976">activities and you can produce quarterly</span> <span class="cue" id="t-979" data-t="979">GDP</span> <span class="cue" id="t-980" data-t="980">updates from an approved council for noncompliant</span> <span class="cue" id="t-983" data-t="983">economic growth, like, then we're talking, man. But, like, I I need to see something that we can take to the FOMC. I think this is a really interesting,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-992">16:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-992" data-t="992">line of thinking and I it might be something that you should focus on</span> <span class="cue" id="t-998" data-t="998">at the bugle is creating some sort of council to to track and measure.</span> <span class="cue" id="t-1005" data-t="1005">I mean, it's one of the things that's difficult, you know, is</span> <span class="cue" id="t-1009" data-t="1009">do you do you think that</span> <span class="cue" id="t-1011" data-t="1011">metrics</span> <span class="cue" id="t-1012" data-t="1012">that are used to to track compliant</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1016">16:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1016" data-t="1016">economic activity like GDP,</span> <span class="cue" id="t-1019" data-t="1019">They're just kinda made up. You know, it just implies</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1023">17:03</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1023" data-t="1023">a level</span> <span class="cue" id="t-1024" data-t="1024">of</span> <span class="cue" id="t-1026" data-t="1026">conspiracy</span> <span class="cue" id="t-1027" data-t="1027">among,</span> <span class="cue" id="t-1028" data-t="1028">you know, credentialed economists.</span> <span class="cue" id="t-1030" data-t="1030">Right? Like, it just for for for GDP to have been made up,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1034">17:14</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1034" data-t="1034">like, one has to assume as a starting point that, you know, these individuals that have worked their whole careers to get to the top</span> <span class="cue" id="t-1043" data-t="1043">of our,</span> <span class="cue" id="t-1045" data-t="1045">you know, official</span> <span class="cue" id="t-1046" data-t="1046">institutional</span> <span class="cue" id="t-1047" data-t="1047">structures,</span> <span class="cue" id="t-1049" data-t="1049">would have a motivation</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1051">17:31</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1051" data-t="1051">to,</span> <span class="cue" id="t-1053" data-t="1053">to to lie. And I I just can't understand what that motivation would be. Makes sense. You know? So just from first principles, like, I I don't know that it makes sense. Well,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1062">17:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1062" data-t="1062">so, you know, compliance costs are going up</span> <span class="cue" id="t-1066" data-t="1066">and, you know, while the economy is doing fine,</span> <span class="cue" id="t-1070" data-t="1070">I think we can all agree that the economy is doing fine right now and that if you if you don't believe that, then you're probably a conspiracy theorist</span> <span class="cue" id="t-1079" data-t="1079">or Russian propagandist.</span> <span class="cue" id="t-1080" data-t="1080">But,</span> <span class="cue" id="t-1083" data-t="1083">with the with the compliance cost going up, I don't think there's a lot of companies that can afford</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1090">18:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1090" data-t="1090">to be compliant.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1093">18:13</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1093" data-t="1093">Yeah. I mean, but that's I mean, that's capitalism. Right? Like, that's the free market. You know? If your business</span> <span class="cue" id="t-1099" data-t="1099">cannot cross</span> <span class="cue" id="t-1101" data-t="1101">certain economic hurdle rates. Right? Like, you know, for example, if</span> <span class="cue" id="t-1106" data-t="1106">you're growing less than the rate of inflation,</span> <span class="cue" id="t-1110" data-t="1110">you're actually losing. You're actually losing money. Like, your business is actually shrinking. And, you know, economists for a long time have acknowledged that that, like,</span> <span class="cue" id="t-1119" data-t="1119">you know, just just making money alone doesn't matter. You have to make money faster</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1125">18:45</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1125" data-t="1125">than certain hurdle rates, and you need to be able to, like you know, I mean, you can cut corner corners to juice your revenue,</span> <span class="cue" id="t-1132" data-t="1132">but, you know, we know that bites companies in the ass. And compliance costs are just like that, man. I mean, that's just a fundamental hurdle rate that companies have to get over. Right? Like, if your startup can't afford millions of dollars of licensing,</span> <span class="cue" id="t-1149" data-t="1149">that's the market telling you that you're not that good. I mean, I think the easy answer</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1155">19:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1155" data-t="1155">is</span> <span class="cue" id="t-1156" data-t="1156">like the companies that are operating some compliant</span> <span class="cue" id="t-1160" data-t="1160">to some level, pliantly,</span> <span class="cue" id="t-1162" data-t="1162">if they're</span> <span class="cue" id="t-1163" data-t="1163">having to</span> <span class="cue" id="t-1164" data-t="1164">look into the future</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1166">19:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1166" data-t="1166">and see the potential for increased compliance.</span> <span class="cue" id="t-1171" data-t="1171">I think if anything, it's an argument</span> <span class="cue" id="t-1174" data-t="1174">to buy Bitcoin.</span> <span class="cue" id="t-1176" data-t="1176">Like these companies are going to have to have Bitcoin on their balance sheet</span> <span class="cue" id="t-1180" data-t="1180">in order to be able to afford</span> <span class="cue" id="t-1182" data-t="1182">being compliant.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1184">19:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1184" data-t="1184">And for the</span> <span class="cue" id="t-1187" data-t="1187">individuals themselves,</span> <span class="cue" id="t-1189" data-t="1189">I'm having a lot of conversations with people where they're seeing that</span> <span class="cue" id="t-1194" data-t="1194">the only path to be able to afford to pay taxes is to buy Bitcoin.</span> <span class="cue" id="t-1199" data-t="1199">Yeah.</span> <span class="cue" id="t-1200" data-t="1200">It's kind of the same thing here with client companies</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1204">20:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1204" data-t="1204">in the</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1205">20:05</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1205" data-t="1205">industry. Exactly. You know, like a company that can't afford to pay its taxes, like that's not a successful company. Like we all know that. It's the same thing with compliance costs. And like we do a little bit of venture capital activity</span> <span class="cue" id="t-1216" data-t="1216">And, you know, something I've been seeing recently in the latest crop of startups</span> <span class="cue" id="t-1221" data-t="1221">is, you know, you'll get a you'll get a you'll get a pitch deck. Right? And people are raising, you know, whatever they're raising, $10.20, 30,000,000.</span> <span class="cue" id="t-1228" data-t="1228">And,</span> <span class="cue" id="t-1229" data-t="1229">you know, they'll give you a breakdown on what they're gonna use those funds for. We're gonna spend, you know, 30%</span> <span class="cue" id="t-1234" data-t="1234">on marketing. We're gonna spend 15%</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1237">20:37</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1237" data-t="1237">on kinda,</span> <span class="cue" id="t-1239" data-t="1239">building up the product</span> <span class="cue" id="t-1241" data-t="1241">and, you know, this and this and this and this. And, like, what I've noticed is that, like, they're not budgeting enough for compliance, and it's really biting these companies in the ass because, like, they get down the road, they build their product, their product's great, their users love it. Everyone's happy</span> <span class="cue" id="t-1258" data-t="1258">except for the regulators,</span> <span class="cue" id="t-1260" data-t="1260">and the company fails. And and, I mean, you know, it's just embarrassing</span> <span class="cue" id="t-1265" data-t="1265">that as an industry,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1267">21:07</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1267" data-t="1267">like,</span> <span class="cue" id="t-1268" data-t="1268">we're not</span> <span class="cue" id="t-1269" data-t="1269">investing enough in compliance</span> <span class="cue" id="t-1272" data-t="1272">to prevent these outcomes. Like, first,</span> <span class="cue" id="t-1275" data-t="1275">you need to get licensed and regulated,</span> <span class="cue" id="t-1277" data-t="1277">then you can build your product. What percentage of,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1282">21:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1282" data-t="1282">like the</span> <span class="cue" id="t-1283" data-t="1283">money that these companies are raising do you think should be dedicated towards</span> <span class="cue" id="t-1288" data-t="1288">clients department?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1290">21:30</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1290" data-t="1290">So I recently,</span> <span class="cue" id="t-1292" data-t="1292">read a paper</span> <span class="cue" id="t-1293" data-t="1293">from Harvard,</span> <span class="cue" id="t-1295" data-t="1295">and, it was from their economics chair. And they did a few simulations</span> <span class="cue" id="t-1301" data-t="1301">of economic growth,</span> <span class="cue" id="t-1303" data-t="1303">with different kind of percentage allocations to compliance. Like, if the global economy</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1309">21:49</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1309" data-t="1309">that it takes 1% of GDP to compliance, 5%,</span> <span class="cue" id="t-1313" data-t="1313">10%,</span> <span class="cue" id="t-1314" data-t="1314">20%.</span> <span class="cue" id="t-1315" data-t="1315">And,</span> <span class="cue" id="t-1317" data-t="1317">you know,</span> <span class="cue" id="t-1319" data-t="1319">where we got to is what the what sorry. What the research showed is that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1323">22:03</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1323" data-t="1323">if 20%</span> <span class="cue" id="t-1325" data-t="1325">of all of the value of every human being on the planet, the total sum of all productive economic labor, 20% of everyone's work and time</span> <span class="cue" id="t-1334" data-t="1334">went to compliance,</span> <span class="cue" id="t-1336" data-t="1336">that would be optimal. 20%.</span> <span class="cue" id="t-1338" data-t="1338">Yeah. I I mean, I think one fifth of every hour you work,</span> <span class="cue" id="t-1343" data-t="1343">should go to compliance if you wanna have, you know, positive economic growth. There's some there's some people that argue it's more. Right? Like, I'm I'm not trying to, like I'm trying to give a conservative answer because I know this is a hot button issue. But, you know, you gotta look at it like if, you know, if you work ten hours,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1361">22:41</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1361" data-t="1361">two hours of your output at least</span> <span class="cue" id="t-1365" data-t="1365">should basically be,</span> <span class="cue" id="t-1367" data-t="1367">you know, paid paid in the process of compliance. Do you so like one of my my</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1373">22:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1373" data-t="1373">concerns about this is, you know, companies that</span> <span class="cue" id="t-1377" data-t="1377">don't</span> <span class="cue" id="t-1378" data-t="1378">enforce compliance, they're gonna have an edge</span> <span class="cue" id="t-1382" data-t="1382">because they're essentially gonna be saving costs.</span> <span class="cue" id="t-1385" data-t="1385">Like how do you prevent</span> <span class="cue" id="t-1388" data-t="1388">organizations like that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1392">23:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1392" data-t="1392">from essentially out competing</span> <span class="cue" id="t-1394" data-t="1394">the compliant organizations by being able to save significant amounts of money. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1401">23:21</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1401" data-t="1401">That's a common narrative, right? I'm glad you asked that question.</span> <span class="cue" id="t-1405" data-t="1405">It's really common that people say this And it it's it's a misunderstanding</span> <span class="cue" id="t-1409" data-t="1409">that, like, the way that we arrive at regulation, like, the process</span> <span class="cue" id="t-1415" data-t="1415">by which</span> <span class="cue" id="t-1417" data-t="1417">our government decides on regulation and our regulators decide on regulation is</span> <span class="cue" id="t-1422" data-t="1422">the regulation they're proposing</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1425">23:45</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1425" data-t="1425">is the economic</span> <span class="cue" id="t-1427" data-t="1427">optimal outcome. The most effective way to grow your business</span> <span class="cue" id="t-1433" data-t="1433">is always</span> <span class="cue" id="t-1435" data-t="1435">to to to kind of abide by those rules. Right? Because the reason those rules are existing</span> <span class="cue" id="t-1441" data-t="1441">is because all of our,</span> <span class="cue" id="t-1443" data-t="1443">you know, all of our experts, all of our, you know, people that work at very high levels in ensuring The US stays competitive</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1452">24:12</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1452" data-t="1452">have decided</span> <span class="cue" id="t-1453" data-t="1453">that these are the regulations we work under. And the only reason they would decide that is because that these clearly need to be the fastest paths to grow. And so, actually, people think they're saving money by by skimping on, compliance,</span> <span class="cue" id="t-1468" data-t="1468">but that actually means they're just taking it they're they're they're taking a suboptimal pass,</span> <span class="cue" id="t-1474" data-t="1474">path compared to,</span> <span class="cue" id="t-1476" data-t="1476">like, what our regulators and experts decided was optimal</span> <span class="cue" id="t-1480" data-t="1480">for the market. I mean, their their literal job is in regulating the market.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1485">24:45</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1485" data-t="1485">And so for you to say that, oh, I know better. I could, like, not spend on compliance, and I'm gonna come up with a better,</span> <span class="cue" id="t-1494" data-t="1494">more innovative,</span> <span class="cue" id="t-1496" data-t="1496">solution</span> <span class="cue" id="t-1497" data-t="1497">to,</span> <span class="cue" id="t-1498" data-t="1498">you know, to to invest our capital as a business.</span> <span class="cue" id="t-1502" data-t="1502">I mean,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1503">25:03</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1503" data-t="1503">how many PhD economists are on your payroll? Probably zero. So I mean, that's a laughable,</span> <span class="cue" id="t-1510" data-t="1510">assumption. Interesting.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1514">25:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1514" data-t="1514">Well, one of the topics I wanted to talk about with you, The The US has more PhDs.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1519">25:19</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1519" data-t="1519">We have produced more PhDs</span> <span class="cue" id="t-1522" data-t="1522">than any other country and at any other point in our history. And I just think, like, going against</span> <span class="cue" id="t-1529" data-t="1529">you go against that at your own peril. I mean, I really think you do. I wouldn't wanna be, you know, on the other side of that. Makes sense.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1537">25:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1537" data-t="1537">I mean, there's something people need to learn in general is to not</span> <span class="cue" id="t-1541" data-t="1541">argue with credentials</span> <span class="cue" id="t-1543" data-t="1543">and to trust the experts.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1545">25:45</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1545" data-t="1545">Seriously, it's like, who are</span> <span class="cue" id="t-1548" data-t="1548">You know?</span> <span class="cue" id="t-1549" data-t="1549">Like, why you know, what sort of external</span> <span class="cue" id="t-1553" data-t="1553">validation</span> <span class="cue" id="t-1554" data-t="1554">do you have that should cause me to, you know, believe what you're saying? Like, if you can't if you can't prove to me that you have the right to an opinion, why should I listen? Yeah. I mean, the the credentials are, at the end of the day, that it's crucial work. And, like, a PhD is, like, the ultimate</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1573">26:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1573" data-t="1573">the ultimate</span> <span class="cue" id="t-1575" data-t="1575">example of of before, you know, because of the amount of time and and energy and</span> <span class="cue" id="t-1581" data-t="1581">you you part of getting a PhD is you have to</span> <span class="cue" id="t-1585" data-t="1585">essentially defend your thesis of whatever you're talking about from other</span> <span class="cue" id="t-1590" data-t="1590">from other financial experts.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1592">26:32</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1592" data-t="1592">Yeah. And I mean, you know, like, getting getting a PhD</span> <span class="cue" id="t-1595" data-t="1595">is effectively the same as finding a block. Right? Like, you you put in work, you put in work over twelve years, whatever it is. And, eventually, at the end, you get given</span> <span class="cue" id="t-1606" data-t="1606">your doctorate. And and that's basically like finding a block in Bitcoin. Like, would you listen to a miner who had never found a block? No. Like, the only miners you're gonna listen to are the miners that have found the most blocks or at the best rates or at the lowest cost. And, you know, it's the same thing with PhDs.</span> <span class="cue" id="t-1624" data-t="1624">The more PhDs you have and the and the and the kinda, like, the more work you put in, the more reliable you are. Yeah. I think you just triggered a bunch of people running bid access. I I hope they find blocks. You know? I I really hope they find blocks so that they can have a valid voice in the community. But, you know, until that that that work has been verified I mean, think about the blockchain, man. Think about what Bitcoin is.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1646">27:26</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1646" data-t="1646">Bitcoin is a network for verifying</span> <span class="cue" id="t-1649" data-t="1649">other people's work. Right? Like, the network is effectively</span> <span class="cue" id="t-1654" data-t="1654">assigning you a credential</span> <span class="cue" id="t-1655" data-t="1655">that you did valid work. Until you get a block, was that work valid? No, man. It it it just went nowhere. You didn't find a block. And and, you know, Bitcoin is is is it was an innovation really Bitcoin was an innovation in compliance. And this brings up like one of the challenges, which is that, know, how do you actually verify if somebody found a block or not</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1676">27:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1676" data-t="1676">about a KYC in mining?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1678">27:58</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1678" data-t="1678">Yeah. I know. It's embarrassing.</span> <span class="cue" id="t-1681" data-t="1681">I know. You know, and I think, I mean, what was it? Like,</span> <span class="cue" id="t-1685" data-t="1685">did Merit you know, I I I think some of the miners tried to do it and, like,</span> <span class="cue" id="t-1690" data-t="1690">they got, you know, they got shot down. You know, people people aren't ready for new ideas. So they tried to innovate too quickly.</span> <span class="cue" id="t-1697" data-t="1697">Yeah. I mean, common common problem. It's just like,</span> <span class="cue" id="t-1700" data-t="1700">you know,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1701">28:21</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1701" data-t="1701">just like Zuckerberg, you know. Like, he tried to move so fast so that he could, you know, provide</span> <span class="cue" id="t-1708" data-t="1708">the US government with good, you know, information control tools and, you know, he got punished for it. Sure.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1715">28:35</a><span class="cue-body"><b class="cue-who">Unknown</b> <span class="cue" id="t-1715" data-t="1715">You know, I mean,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1717">28:37</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1717" data-t="1717">yeah, I I can't imagine what the elections would look like without Facebook. I mean, anarchy.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1722">28:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1722" data-t="1722">Yeah. I mean, Noster's gonna be, like, an interesting</span> <span class="cue" id="t-1727" data-t="1727">switch in the way that elections are</span> <span class="cue" id="t-1730" data-t="1730">Correct.</span> <span class="cue" id="t-1731" data-t="1731">And the information is,</span> <span class="cue" id="t-1733" data-t="1733">attributed.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1734">28:54</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1734" data-t="1734">Yeah. Yeah. I mean, you know, it's a challenge. Right? Like, you know, as as kind of, forward thinking,</span> <span class="cue" id="t-1741" data-t="1741">as as our regulators are,</span> <span class="cue" id="t-1744" data-t="1744">you know, they're they're not they're not omnipotent. Right? We can expect them to to know everything. And so I I do hope they take a, you know, just a just a a good look at Noster and figure out how to,</span> <span class="cue" id="t-1756" data-t="1756">you know, kinda send some, you know, information gathering exercises to relay runners. Right? I mean, you know, if you wanna run a relay, that's that's fine. Right? We we we love decentralized networks, but, like, you know, we need to validate those networks. Do you think you could ever see PodCon fronting the KYC relay? Yeah. I'm honestly surprised they haven't already, you know. I mean, again, but this comes back to what we talked about at the beginning of the interview. Right? The need for decentralized</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1783">29:43</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1783" data-t="1783">KYC.</span> <span class="cue" id="t-1785" data-t="1785">You know? I mean, what most KYC exchanges are doing is they're working with a single integrator. They're working with a single provider,</span> <span class="cue" id="t-1793" data-t="1793">many of which use the same provider. I've confirmed this.</span> <span class="cue" id="t-1796" data-t="1796">And,</span> <span class="cue" id="t-1797" data-t="1797">that's just a single point of failure, man. I mean, like, what would happen if that provider went down? Like, we would have no KYC. Like, we would be exposed. We'd be completely unprotected.</span> <span class="cue" id="t-1807" data-t="1807">And,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1808">30:08</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1808" data-t="1808">you know, it just speaks to the need for, like, decentralized networks</span> <span class="cue" id="t-1812" data-t="1812">of KYC providers.</span> <span class="cue" id="t-1815" data-t="1815">You know, and, like, you know, I I think Podcap has a, you know, an important role in trying to push that forward.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1823">30:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1823" data-t="1823">Do you think that looks like using</span> <span class="cue" id="t-1827" data-t="1827">initiatives like Michael Saylor</span> <span class="cue" id="t-1829" data-t="1829">is talking about wherein where he essentially creates some sort of centralized identity system on top of it,</span> <span class="cue" id="t-1837" data-t="1837">Or do you think it just looks like spreading out how many platforms?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1842">30:42</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1842" data-t="1842">I mean, I think the optimal</span> <span class="cue" id="t-1844" data-t="1844">path</span> <span class="cue" id="t-1846" data-t="1846">is just integrating</span> <span class="cue" id="t-1848" data-t="1848">together a network of fully centralized providers</span> <span class="cue" id="t-1852" data-t="1852">because</span> <span class="cue" id="t-1853" data-t="1853">you know, you can do the best KYC if you're fully centralized.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1857">30:57</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1857" data-t="1857">And I really just want I want validation</span> <span class="cue" id="t-1860" data-t="1860">between centralized silos. So just lots of centralized silos</span> <span class="cue" id="t-1864" data-t="1864">that then validate with each other.</span> <span class="cue" id="t-1867" data-t="1867">And,</span> <span class="cue" id="t-1868" data-t="1868">you know, any differences can be kinda worked out along the way</span> <span class="cue" id="t-1873" data-t="1873">through,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1874">31:14</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1874" data-t="1874">you know, basically, regulators,</span> <span class="cue" id="t-1876" data-t="1876">investigating</span> <span class="cue" id="t-1877" data-t="1877">those providers after and determining how they got to different conclusions on that KYC information. Right? Like, you know, if you have, you know, 10</span> <span class="cue" id="t-1886" data-t="1886">regulated</span> <span class="cue" id="t-1887" data-t="1887">licensed</span> <span class="cue" id="t-1888" data-t="1888">KYC providers that are authorized</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1890">31:30</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1890" data-t="1890">to store our personal information safely and securely,</span> <span class="cue" id="t-1894" data-t="1894">and then provider</span> <span class="cue" id="t-1895" data-t="1895">three is getting a different result than the other 10,</span> <span class="cue" id="t-1898" data-t="1898">well, the regulators need to come in and figure out why that was. Well, speaking of regulators, so, you know, before we were,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1905">31:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1905" data-t="1905">on this topic,</span> <span class="cue" id="t-1907" data-t="1907">or before we started in and we were discussing</span> <span class="cue" id="t-1910" data-t="1910">why it makes I think you and I have, like, turned views on</span> <span class="cue" id="t-1914" data-t="1914">it. But for the sake of entropy, I'm pretty curious.</span> <span class="cue" id="t-1917" data-t="1917">So I think the audience is pretty curious about what your</span> <span class="cue" id="t-1921" data-t="1921">thoughts of what a good decliner are.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1925">32:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1925" data-t="1925">But, yeah, could you go into that a little bit?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1927">32:07</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1927" data-t="1927">Yeah. So I I think we can almost, like,</span> <span class="cue" id="t-1931" data-t="1931">we can almost answer this question,</span> <span class="cue" id="t-1933" data-t="1933">like, genealogically.</span> <span class="cue" id="t-1935" data-t="1935">Like, we can look at the path by which</span> <span class="cue" id="t-1938" data-t="1938">someone becomes a Bitcoiner. Right? Like and I think by looking at how people become Bitcoiners,</span> <span class="cue" id="t-1944" data-t="1944">we can,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1945">32:25</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1945" data-t="1945">you know, really understand what it is to be a Bitcoiner. And so almost every Bitcoiner I talked to,</span> <span class="cue" id="t-1952" data-t="1952">became a Bitcoiner</span> <span class="cue" id="t-1953" data-t="1953">because they started listening to a Bitcoin influencer.</span> <span class="cue" id="t-1958" data-t="1958">And that Bitcoin influencer</span> <span class="cue" id="t-1960" data-t="1960">really helped them understand Bitcoin. Right? There's so many great influencers in the space,</span> <span class="cue" id="t-1965" data-t="1965">and, you know, everybody has their favorite influencers. And and so, like, to be a Bitcoiner</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1971">32:51</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-1971" data-t="1971">is to have a Bitcoin influencer</span> <span class="cue" id="t-1973" data-t="1973">that, you know, you you basically listen to what they say, and you learn about Bitcoin from that Bitcoin influencer.</span> <span class="cue" id="t-1979" data-t="1979">And, you know, this is how the this is how it's run for a while. And, you know, there's all sorts of great influencers. I think Bitcoin has really innovated actually</span> <span class="cue" id="t-1988" data-t="1988">in the influencer sphere. I mean, I think other influencers from outside of Bitcoin could learn a lot from Bitcoin influencers.</span> <span class="cue" id="t-1997" data-t="1997">You know, I I think that's part of the growth we need to,</span> <span class="cue" id="t-2000" data-t="2000">you know, just kind of achieve as a community. But, you know, to be a Bitcoiner is to, you know, like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2007">33:27</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2007" data-t="2007">pick out, you know, your favorite authorities in the industry and learn from them. Can you can you talk about who some of your favorite</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2014">33:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2014" data-t="2014">industry</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2016">33:36</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2016" data-t="2016">are? Yeah. You know? I mean, I love,</span> <span class="cue" id="t-2019" data-t="2019">I love Lynn, and I also love Alan Farrington.</span> <span class="cue" id="t-2022" data-t="2022">I mean, they were both</span> <span class="cue" id="t-2024" data-t="2024">really instrumental</span> <span class="cue" id="t-2025" data-t="2025">in,</span> <span class="cue" id="t-2026" data-t="2026">you know, my my journey as a Bitcoiner.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2030">33:50</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2030" data-t="2030">And,</span> <span class="cue" id="t-2031" data-t="2031">you know, I just like to read everything they write and,</span> <span class="cue" id="t-2034" data-t="2034">kind of, you know,</span> <span class="cue" id="t-2036" data-t="2036">mold my thought process, like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2039">33:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2039" data-t="2039">you know, in proportion. I can understand why Lynn Alden's on your list. She's kinda hot. She's really hot. I think she might be one of the most,</span> <span class="cue" id="t-2047" data-t="2047">if not the most, attractive</span> <span class="cue" id="t-2050" data-t="2050">Bitcoin women in the space.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2053">34:13</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2053" data-t="2053">I would be violating,</span> <span class="cue" id="t-2055" data-t="2055">my HR rules to to comment for it. And That makes sense. You know, it's very you know, I we have a great HR team.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2063">34:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2063" data-t="2063">Well, I think, you know, like,</span> <span class="cue" id="t-2065" data-t="2065">the conclusion that I've came of why I think she's so attractive is, like, you know, pre previously, I was kinda, like, iffy on her</span> <span class="cue" id="t-2072" data-t="2072">because, like, I I thought that she only had one ear. But now since she showed proof of of both years, she, like, totally stepped up. She is, you know, I think she's one of the top Bitcoin influencers. You know? I think if you were to pull Bitcoiners</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2087">34:47</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2087" data-t="2087">and figure out, like,</span> <span class="cue" id="t-2090" data-t="2090">validate</span> <span class="cue" id="t-2091" data-t="2091">who is actually the best Bitcoin influencer via proof of work. I mean, I think the odds of that being Lin is extremely high. You know?</span> <span class="cue" id="t-2100" data-t="2100">I I think you know, I mean, I've seen it. Like, when when clients come into Swan</span> <span class="cue" id="t-2105" data-t="2105">and they say, hey.</span> <span class="cue" id="t-2107" data-t="2107">You know, we'd like to work with you guys. I I you know, I've taken so many of these calls. And, you know, I say, okay. Well, who's your favorite Bitcoin influencer? Right? And and Lin's probably one of the top. And, you know, I mean, of course, if they say somebody,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2120">35:20</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2120" data-t="2120">you know, kind of, you know, noncompliant, like, you know, we don't serve them.</span> <span class="cue" id="t-2125" data-t="2125">So, I mean, that's also an an immediate</span> <span class="cue" id="t-2127" data-t="2127">kinda test question is to make sure they like the right Bitcoin influencers,</span> <span class="cue" id="t-2132" data-t="2132">crucial. But, like, you know, Lynn is just,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2135">35:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2135" data-t="2135">you know, just ahead of the pack. So who would you say is on, like, the blacklist of Bitcoin?</span> <span class="cue" id="t-2141" data-t="2141">Who who are some of your biggest concerning ones?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2144">35:44</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2144" data-t="2144">Oh, yeah.</span> <span class="cue" id="t-2147" data-t="2147">Oh, Eric Kayson is a he's a he's a he's a problem figure. I mean, I think we all know that.</span> <span class="cue" id="t-2154" data-t="2154">You know? I mean, I I think it's just</span> <span class="cue" id="t-2156" data-t="2156">anybody</span> <span class="cue" id="t-2157" data-t="2157">that,</span> <span class="cue" id="t-2159" data-t="2159">you know, like, if your view of Bitcoin</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2163">36:03</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2163" data-t="2163">isn't</span> <span class="cue" id="t-2164" data-t="2164">as a tool</span> <span class="cue" id="t-2166" data-t="2166">to expand</span> <span class="cue" id="t-2167" data-t="2167">US hegemony,</span> <span class="cue" id="t-2169" data-t="2169">like, you know, we're we're just not on the same team, you know? Like, it's Bitcoin is is amazing because it's a way for The US to</span> <span class="cue" id="t-2178" data-t="2178">extend The US empire another thousand years. Right? Like, it's understandable.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2183">36:23</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2183" data-t="2183">You know? It's it's regrettable, but it's understandable that The US made a mistake with their monetary policy.</span> <span class="cue" id="t-2189" data-t="2189">Again, we we can't expect our experts to be perfect.</span> <span class="cue" id="t-2193" data-t="2193">But,</span> <span class="cue" id="t-2194" data-t="2194">you know, I think it's just our our our duty to help them have a better monetary policy, which is Bitcoin,</span> <span class="cue" id="t-2200" data-t="2200">and so that The US can continue to innovate for, you know, another thousand years. Right? And so, like, you know, people that are looking at Bitcoin as a way to, like,</span> <span class="cue" id="t-2210" data-t="2210">stop The US, I mean, you know, we just can't see eye to eye. Right? Like, Bitcoin is The US'</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2215">36:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2215" data-t="2215">greatest tool. That's a very, very interesting thing.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2220">36:60</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2220" data-t="2220">Point. I think it's what Satoshi intended. Yeah so</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2224">37:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2224" data-t="2224">you kind of determine who's a good Bitcoiner depending on</span> <span class="cue" id="t-2228" data-t="2228">who their favorite influencers</span> <span class="cue" id="t-2230" data-t="2230">are.</span> <span class="cue" id="t-2231" data-t="2231">What are some So</span> <span class="cue" id="t-2234" data-t="2234">this space</span> <span class="cue" id="t-2235" data-t="2235">you know, what a lot of influencers have found</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2239">37:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2239" data-t="2239">in like</span> <span class="cue" id="t-2240" data-t="2240">judging each other is by issuing different purity tests. What are some of your favorite purity tests</span> <span class="cue" id="t-2247" data-t="2247">that exist in the suite?</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">Steven Lubka</b> <span class="cue" id="t-2250" data-t="2250">Yeah. I mean,</span> <span class="cue" id="t-2252" data-t="2252">obviously,</span> <span class="cue" id="t-2253" data-t="2253">like these tests exist for a reason, right? Like the only reason we have purity tests is because these tests have been proven</span> <span class="cue" id="t-2261" data-t="2261">to be the most effective way to grow Bitcoin and to keep a good community. Right? Like, we wouldn't have</span> <span class="cue" id="t-2267" data-t="2267">them otherwise. There's no other reason that people would have purity tests. So, you know, these tests are important. They help keep the community strong. They help make it that we have the strongest soldiers advancing Bitcoin. And so, obviously, like, you know, your opinion on seed oils, I mean, that's really crucial</span> <span class="cue" id="t-2284" data-t="2284">in terms of your ability to do good for Bitcoin. Like, if you're eating seed oils,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2289">38:09</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2289" data-t="2289">you're, like, you're probably gonna put a bug in the code. I mean, we know</span> <span class="cue" id="t-2293" data-t="2293">that. And, you know, so just diet.</span> <span class="cue" id="t-2295" data-t="2295">Diet is really important. Obviously, I've been really big on sunlight exposure</span> <span class="cue" id="t-2300" data-t="2300">as a, you know, a test for, you know, how much of a Bitcoiner you are. And,</span> <span class="cue" id="t-2305" data-t="2305">you know, again, super crucial. Like, it's just gonna it's gonna make you know, if you're if you're avoiding the sun, if you're using sunscreen,</span> <span class="cue" id="t-2313" data-t="2313">like, I mean, you're absorbing,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2316">38:36</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2316" data-t="2316">you know, just toxic chemicals</span> <span class="cue" id="t-2318" data-t="2318">into your body.</span> <span class="cue" id="t-2319" data-t="2319">And, you know, that's gonna affect your OPSEC. That's gonna affect your security practices. That's gonna actually affect your ability to interpret the narratives</span> <span class="cue" id="t-2328" data-t="2328">and internalize the narratives effectively. Like, if your brain is working better, you're you're in the sun, you're getting,</span> <span class="cue" id="t-2335" data-t="2335">you know, you you just your whole system runs better. And when an influencer has a new narrative,</span> <span class="cue" id="t-2342" data-t="2342">like, you're just gonna be able to, like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2344">39:04</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2344" data-t="2344">understand that narrative so much quicker and start, like,</span> <span class="cue" id="t-2348" data-t="2348">educating other people on it. Right? So, like,</span> <span class="cue" id="t-2351" data-t="2351">being physically excellent, being healthy and strong, weightlifting.</span> <span class="cue" id="t-2355" data-t="2355">Right? Like,</span> <span class="cue" id="t-2357" data-t="2357">this actually helps us be more effective on Twitter. Makes a lot of sense.</span> <span class="cue" id="t-2361" data-t="2361">Yeah. Like, you're you're training for Twitter. Right? Like, we all know this. It's like, you know, to be a Bitcoiner</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2367">39:27</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2367" data-t="2367">is to</span> <span class="cue" id="t-2368" data-t="2368">engage in a Spartan like</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2371">39:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2371" data-t="2371">regimen to just be a top performer on Twitter. Yeah. I mean, this is why, Kaylee is so effective as a</span> <span class="cue" id="t-2378" data-t="2378">a podcast and</span> <span class="cue" id="t-2380" data-t="2380">a new contributor</span> <span class="cue" id="t-2382" data-t="2382">because she is doing that</span> <span class="cue" id="t-2385" data-t="2385">that proof of work in the gym.</span> <span class="cue" id="t-2387" data-t="2387">Yeah. Because</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2389">39:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2389" data-t="2389">the like, the engagement like, you need engagement</span> <span class="cue" id="t-2393" data-t="2393">to get the message of Bitcoin out there.</span> <span class="cue" id="t-2396" data-t="2396">Right?</span> <span class="cue" id="t-2397" data-t="2397">And when you're posting those proof of work</span> <span class="cue" id="t-2401" data-t="2401">images of you out at the gym, of you dead lifting, you know, of girls just like standing next to exercise equipment with yoga pants on,</span> <span class="cue" id="t-2410" data-t="2410">Like, that is</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2411">40:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2411" data-t="2411">furthering the message of Bitcoin.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2415">40:15</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2415" data-t="2415">I mean, that you know, that's just how the Internet works, you know? Like, we we we we should take lessons from all of the other really</span> <span class="cue" id="t-2423" data-t="2423">successful Internet platforms</span> <span class="cue" id="t-2425" data-t="2425">and algorithms.</span> <span class="cue" id="t-2427" data-t="2427">And, I mean, it's it's simple. Like, it's simple. Like,</span> <span class="cue" id="t-2430" data-t="2430">if you are super shredded and fit, people take what you say,</span> <span class="cue" id="t-2435" data-t="2435">way more seriously</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2436">40:36</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2436" data-t="2436">regardless of what you're saying.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2438">40:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2438" data-t="2438">And, we should use that to our advantage. This is why I like Lynn Alden so much.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2443">40:43</a><span class="cue-body"><b class="cue-who">CheckboxChamps Ad</b> <span class="cue" id="t-2443" data-t="2443">Are you worried about your company's compliance?</span> <span class="cue" id="t-2446" data-t="2446">Are you afraid that having just one KYC provider is a single point of failure? Does your compliance need entropy?</span> <span class="cue" id="t-2453" data-t="2453">If so, I have news for you.</span> <span class="cue" id="t-2455" data-t="2455">CheckboxChamps</span> <span class="cue" id="t-2456" data-t="2456">is a groundbreaking KYC aggregator allowing you to upload your customers data to one place. We send your customers</span> <span class="cue" id="t-2464" data-t="2464">data to multiple KYC providers,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2466">41:06</a><span class="cue-body"><b class="cue-who">CheckboxChamps Ad</b> <span class="cue" id="t-2466" data-t="2466">allowing you to make sure that there are as many redundancies</span> <span class="cue" id="t-2469" data-t="2469">as possible.</span> <span class="cue" id="t-2470" data-t="2470">Once you experience checkbox chaps, groundbreaking</span> <span class="cue" id="t-2473" data-t="2473">experience, you will never go back. We are striving to decentralize KYC</span> <span class="cue" id="t-2478" data-t="2478">by ensuring companies</span> <span class="cue" id="t-2480" data-t="2480">are not dependent on a single provider.</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">CheckboxChamps Ad</b> <span class="cue" id="t-2482" data-t="2482">After using our product, no regulatory agency will ever be able to accuse you of skirting around KYC AML laws. Experience compliance innovation today by using Checkbox Champs. Checkbox Champs is a product that requires putting customer sensitive personal data on the Internet. While we do a mediocre job with data security, we cannot opt out for the KYC providers we have agreed. What we ensure is that we never allow such an individual from getting past our screens. In using our product, you are consenting to your customer's data, ending up on</span> <span class="cue" id="t-2507" data-t="2507">you are consenting</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2508">41:48</a><span class="cue-body"><b class="cue-who">Unknown</b> <span class="cue" id="t-2508" data-t="2508">to your customer's data, ending up on a dark web. And using a product like this, you're asking for it. But it is necessary to be compliant in this regulatory environment.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2510">41:50</a><span class="cue-body"><b class="cue-who">CheckboxChamps Ad</b> <span class="cue" id="t-2510" data-t="2510">The future is compliant. Choose check</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2517">41:57</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2517" data-t="2517">You know? And, you know, another another kind of purity test, you know? I mean, it's it's</span> <span class="cue" id="t-2523" data-t="2523">it's really not a purity test. It's really just like the,</span> <span class="cue" id="t-2528" data-t="2528">kinda like rational thought process. Right? It's just it's just it's just coming to rational conclusions.</span> <span class="cue" id="t-2536" data-t="2536">It's it's, you know, I mean, you know,</span> <span class="cue" id="t-2538" data-t="2538">even the term Bitcoiner. Right? Like,</span> <span class="cue" id="t-2542" data-t="2542">it only exists.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2544">42:24</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2544" data-t="2544">Like, it's like light and dark. Right? It only exists in contrast to a shit corner.</span> <span class="cue" id="t-2551" data-t="2551">And</span> <span class="cue" id="t-2552" data-t="2552">so, like, what is a Bitcoiner that makes it different than a shitcoiner?</span> <span class="cue" id="t-2555" data-t="2555">It's it's somebody that has, like, really</span> <span class="cue" id="t-2559" data-t="2559">strong</span> <span class="cue" id="t-2561" data-t="2561">opposition</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2563">42:43</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2563" data-t="2563">to the sale of unregistered securities</span> <span class="cue" id="t-2565" data-t="2565">as defined by the SEC. You know? And</span> <span class="cue" id="t-2569" data-t="2569">I think</span> <span class="cue" id="t-2570" data-t="2570">this is an inevitable outcome from reading the cypherpunk literature</span> <span class="cue" id="t-2574" data-t="2574">and the early message boards. Like, you know, once you've kinda got the basics under your belt,</span> <span class="cue" id="t-2580" data-t="2580">the next kind of intellectual</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2583">43:03</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2583" data-t="2583">quest</span> <span class="cue" id="t-2584" data-t="2584">is understanding securities laws</span> <span class="cue" id="t-2587" data-t="2587">and being very judicial about their application.</span> <span class="cue" id="t-2589" data-t="2589">And so, you know, shitcoiners are people that wanna sell unregistered securities.</span> <span class="cue" id="t-2594" data-t="2594">And Bitcoiners</span> <span class="cue" id="t-2596" data-t="2596">think that, you know,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2598">43:18</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2598" data-t="2598">only registered securities or assets which have been deemed non securities should be promoted. Do we have enough securities experts</span> <span class="cue" id="t-2605" data-t="2605">in the industry? You know, I I think it's it's it's it's a weak point. You know? There are definitely we definitely have a handful of experts,</span> <span class="cue" id="t-2615" data-t="2615">but we we really should be investing more. Like, you know, it's obvious</span> <span class="cue" id="t-2621" data-t="2621">that the classification</span> <span class="cue" id="t-2623" data-t="2623">of Shitcoins as unregistered securities</span> <span class="cue" id="t-2626" data-t="2626">has been</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2627">43:47</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2627" data-t="2627">a huge part of our marketing strategy as a community. Right? Like, it's obviously been one of the primary messages and the ways that we've tried to communicate the value of Bitcoin to new people. Like, it's</span> <span class="cue" id="t-2639" data-t="2639">like, we know that the average person,</span> <span class="cue" id="t-2642" data-t="2642">when they learn that Bitcoin is not an unregistered security, they wanna buy it, like, right then and there. As soon as you can get</span> <span class="cue" id="t-2649" data-t="2649">a normal person to understand that Bitcoin is actually not an unregistered security, like, you're done. They're orange pilled. That's literally what it means to be orange pilled.</span> <span class="cue" id="t-2658" data-t="2658">And yet, despite this being our primary marketing tactic as a community,</span> <span class="cue" id="t-2663" data-t="2663">I just think we've we've under investigated</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2666">44:26</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2666" data-t="2666">in granular,</span> <span class="cue" id="t-2668" data-t="2668">understanding of securities laws. For example,</span> <span class="cue" id="t-2671" data-t="2671">like, some of these exchanges are trying to trade onion futures.</span> <span class="cue" id="t-2676" data-t="2676">I mean, come on. We all know that it is illegal</span> <span class="cue" id="t-2680" data-t="2680">to trade onion futures</span> <span class="cue" id="t-2682" data-t="2682">because of an arcane</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2684">44:44</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2684" data-t="2684">securities laws from the early nineteen hundreds. And yet how many people know this? I'm dead serious. This is real. You can look it up. You can't securitize onions.</span> <span class="cue" id="t-2693" data-t="2693">And,</span> <span class="cue" id="t-2694" data-t="2694">you know,</span> <span class="cue" id="t-2695" data-t="2695">and here we are talking about onion routers. I mean, it's it's just it's so tone deaf. That's pretty interesting. So</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2702">45:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2702" data-t="2702">if people are trading</span> <span class="cue" id="t-2706" data-t="2706">I'd be kinda interested in trading tobacco features or cigarette features.</span> <span class="cue" id="t-2710" data-t="2710">Talk to client cigarette.</span> <span class="cue" id="t-2713" data-t="2713">Would that make me a shit</span> <span class="cue" id="t-2715" data-t="2715">question of doing that? No. Tobacco</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2717">45:17</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2717" data-t="2717">is a commodity. And so you are fully clear on a regular regulatory basis. And you get into some iffy areas with, like</span> <span class="cue" id="t-2726" data-t="2726">so here's the thing. Cigarette</span> <span class="cue" id="t-2728" data-t="2728">sales</span> <span class="cue" id="t-2729" data-t="2729">require licensure.</span> <span class="cue" id="t-2732" data-t="2732">Tobacco</span> <span class="cue" data-t="2732">does not. So as long as you're trading</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">Steven Lubka</b> <span class="cue" id="t-2736" data-t="2736">tobacco futures,</span> <span class="cue" id="t-2738" data-t="2738">you're okay. The moment you try to, like, securitize</span> <span class="cue" id="t-2743" data-t="2743">individual</span> <span class="cue" data-t="2743">packs of cigarettes,</span> <span class="cue" id="t-2745" data-t="2745">maybe it's like an NFT or something,</span> <span class="cue" id="t-2748" data-t="2748">you know, that's when you're probably gonna run a foul of the SEC. But tobacco, you you'd be all good. I mean, we could we could definitely trade,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2755">45:55</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2755" data-t="2755">tobacco futures on top of Bitcoin. Like, I</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2759">45:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2759" data-t="2759">I might be failing one of the purity tests here because I really,</span> <span class="cue" id="t-2763" data-t="2763">really, are launching some non compliant</span> <span class="cue" id="t-2767" data-t="2767">futures markets for cigarettes themselves. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2770">46:10</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2770" data-t="2770">I mean, what you could do,</span> <span class="cue" id="t-2773" data-t="2773">you could you could kinda revoke your American citizenship,</span> <span class="cue" id="t-2777" data-t="2777">and you could become a citizen of a country</span> <span class="cue" id="t-2780" data-t="2780">that doesn't have the same regulation on cigarettes, and and then you'd be okay. Do you I mean, that that brings up the,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2788">46:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2788" data-t="2788">you know, the the question of jurisdictional</span> <span class="cue" id="t-2791" data-t="2791">compliance arbitrage.</span> <span class="cue" id="t-2793" data-t="2793">Do you think that, like, the game theory of people,</span> <span class="cue" id="t-2796" data-t="2796">you know,</span> <span class="cue" id="t-2797" data-t="2797">trying to arbitrage,</span> <span class="cue" id="t-2798" data-t="2798">you know, the compliance standards in The US will, you know, make things more difficult for compliant companies</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2805">46:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2805" data-t="2805">to compete?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2807">46:47</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2807" data-t="2807">Definitely.</span> <span class="cue" id="t-2808" data-t="2808">But I honestly think you won't hear me say this often, but I think the fault is with regulators here. So the reason I say that is</span> <span class="cue" id="t-2817" data-t="2817">it's it's honestly really embarrassing</span> <span class="cue" id="t-2820" data-t="2820">that compliance standards aren't uniform</span> <span class="cue" id="t-2823" data-t="2823">around the world. And what I'm saying is if regulators</span> <span class="cue" id="t-2826" data-t="2826">want people to believe</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">Steven Lubka</b> <span class="cue" id="t-2829" data-t="2829">that their decisions are correct</span> <span class="cue" id="t-2831" data-t="2831">and their reg the regulations are just like rational optimizations</span> <span class="cue" id="t-2835" data-t="2835">of just looking at the facts and finding just the best best optimal path forward for society,</span> <span class="cue" id="t-2843" data-t="2843">then</span> <span class="cue" id="t-2844" data-t="2844">we would obviously expect all of the governments to come to the same conclusions. And, like, if they didn't come to the same conclusions,</span> <span class="cue" id="t-2851" data-t="2851">one might infer that these these regulations are capricious</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2855">47:35</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2855" data-t="2855">and nonsensical.</span> <span class="cue" id="t-2856" data-t="2856">Like,</span> <span class="cue" id="t-2857" data-t="2857">that, of course, can't be true. So instead, I think there's just really a failure to communicate</span> <span class="cue" id="t-2863" data-t="2863">between regulators, but it's understandable to me that people find navigating the international landscape really confusing</span> <span class="cue" id="t-2870" data-t="2870">because company countries do differ.</span> <span class="cue" id="t-2873" data-t="2873">And, I think they all just really need to, like, have some sort of, like,</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">Steven Lubka</b> <span class="cue" id="t-2877" data-t="2877">global</span> <span class="cue" id="t-2878" data-t="2878">one world,</span> <span class="cue" id="t-2881" data-t="2881">Bitcoin meetup, kinda like a meetup. And they all need to get together,</span> <span class="cue" id="t-2884" data-t="2884">and</span> <span class="cue" id="t-2885" data-t="2885">they need to agree</span> <span class="cue" id="t-2887" data-t="2887">on one set of regulation for everybody.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2890">48:10</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2890" data-t="2890">And, you know, I think only then can we have trust in regulators. What do you think the likelihood of those happening</span> <span class="cue" id="t-2896" data-t="2896">is? I feel like it's pretty Yeah. I mean, that is one of the more demoralizing</span> <span class="cue" id="t-2901" data-t="2901">kind of facts about our world today</span> <span class="cue" id="t-2903" data-t="2903">is just this kind of real lack of international cooperation and these tensions.</span> <span class="cue" id="t-2909" data-t="2909">You know? But I you know, I'm optimistic that Bitcoin fixes this. You know? I think, I think Bitcoin fixes this, and I think, you know, if we keep pushing Bitcoin adoption,</span> <span class="cue" id="t-2919" data-t="2919">we can definitely get to a world where all the regulators agree. I think people underestimate</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2924">48:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2924" data-t="2924">the power</span> <span class="cue" id="t-2926" data-t="2926">of what do you know if there's a therapist</span> <span class="cue" id="t-2929" data-t="2929">in New Jersey that has</span> <span class="cue" id="t-2932" data-t="2932">become a millionaire</span> <span class="cue" id="t-2933" data-t="2933">because</span> <span class="cue" id="t-2935" data-t="2935">they're able to process clients</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2937">48:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2937" data-t="2937">like every thirty seconds, like fix all their issues</span> <span class="cue" id="t-2942" data-t="2942">by just saying the words. Have</span> <span class="cue" id="t-2945" data-t="2945">Have you heard about the phenomenon happening?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2948">49:08</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-2948" data-t="2948">I haven't. That that that's an incredible story. And,</span> <span class="cue" id="t-2951" data-t="2951">I mean, I would listen to a podcast just about that. Like, it's we we that needs to happen.</span> <span class="cue" id="t-2956" data-t="2956">You know? I mean,</span> <span class="cue" id="t-2958" data-t="2958">I think I think, like, if you could scale</span> <span class="cue" id="t-2961" data-t="2961">a system of kinda psychological therapy that really just, like, help people understand that Bitcoin fixes this, like, I mean, that's genius. I mean, that guy deserves his millions. Like, I it's honestly kind of embarrassing. We haven't, you know, kinda rolled this out sooner. I'm gonna have to kinda dig deep. Yeah. I mean, there's just so much like, Bitcoin offers so much innovation</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2983">49:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2983" data-t="2983">into the world. Innovation around clients, innovation around,</span> <span class="cue" id="t-2987" data-t="2987">you know, it's like fixing problems.</span> <span class="cue" id="t-2990" data-t="2990">Yeah.</span> <span class="cue" id="t-2992" data-t="2992">And I think like one of the reasons why a lot of our problems aren't fixed is because</span> <span class="cue" id="t-2997" data-t="2997">people in general have not been able to hear fast enough that</span> <span class="cue" id="t-3002" data-t="3002">that Bitcoin</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3003">50:03</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3003" data-t="3003">pretty Yeah. I mean, and and you'd think the fact that all of these Bitcoin podcasts allow you to listen to it at 1.2,</span> <span class="cue" id="t-3010" data-t="3010">1.5,</span> <span class="cue" id="t-3011" data-t="3011">two point o speed, you think people would be able to hear fast enough, but I don't know. Maybe we need a faster setting.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3018">50:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3018" data-t="3018">I I think the lesson</span> <span class="cue" id="t-3020" data-t="3020">in this is that it's very clear to me that there's not enough Bitcoin podcasts yet. No. There needs to be more. And that's that's</span> <span class="cue" id="t-3029" data-t="3029">been why</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3031">50:31</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3031" data-t="3031">it's taken so long to figure this out. Yeah. I mean, you know, that's what drew me to Swan. Right? Like, I really felt that Swan was the market leader in Bitcoin podcasts, and I was like, sign me up, man. You know? And it's been great to be part of that journey.</span> <span class="cue" id="t-3046" data-t="3046">But, yeah, I mean, even with Swan's market leadership in podcasts,</span> <span class="cue" id="t-3051" data-t="3051">we've received many awards.</span> <span class="cue" id="t-3054" data-t="3054">We still don't have enough.</span> <span class="cue" id="t-3056" data-t="3056">And I just think it's because people</span> <span class="cue" id="t-3058" data-t="3058">are too scared to kinda step up</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">Steven Lubka</b> <span class="cue" id="t-3061" data-t="3061">and,</span> <span class="cue" id="t-3062" data-t="3062">start their own podcast.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3064">51:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3064" data-t="3064">Why why do you think they're afraid of starting their own podcast?</span> <span class="cue" id="t-3068" data-t="3068">What do you think the barrier to entry is?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3070">51:10</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3070" data-t="3070">You know, I think it's,</span> <span class="cue" id="t-3072" data-t="3072">honestly, I think it's the unregulated nature of podcasts.</span> <span class="cue" id="t-3076" data-t="3076">I think it's it's it's intimidating if you're just a normal person</span> <span class="cue" id="t-3080" data-t="3080">to just kinda start this whole</span> <span class="cue" id="t-3083" data-t="3083">I mean, you're basically a media company and yet you're not regulated by the FCC.</span> <span class="cue" id="t-3088" data-t="3088">There's really no federal guidelines. And so it's just like it's incredibly uncertain. Like, you know, it's it's understandable that they're nervous.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3097">51:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3097" data-t="3097">So yeah. I mean, do you think there's any hope for any regulatory</span> <span class="cue" id="t-3101" data-t="3101">clarity around Bitcoin podcast</span> <span class="cue" id="t-3104" data-t="3104">this next upcoming cycle?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3106">51:46</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3106" data-t="3106">I know some people have been in Washington</span> <span class="cue" id="t-3110" data-t="3110">really lobbying hard to get some common sense Bitcoin podcast regulation.</span> <span class="cue" id="t-3115" data-t="3115">The the problem is, like,</span> <span class="cue" id="t-3118" data-t="3118">honestly and and, I mean, this speaks to, like, where we need to go as an industry.</span> <span class="cue" id="t-3122" data-t="3122">Nobody in the federal government is actually enough of an expert on Bitcoin podcast to regulate them. And, you know, like, I I think the most</span> <span class="cue" id="t-3132" data-t="3132">I I think the highest number of episodes that any kind of federal regulator has listened to of what Bitcoin did is, like, only two or three episodes, and there's hundreds. So, I mean and and that's just talking with Peter's show, like, let alone, you know, all the other ones. I mean, if we can't get,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3148">52:28</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3148" data-t="3148">communications</span> <span class="cue" id="t-3149" data-t="3149">regulators through at least a couple 100 episodes of what Bitcoin did and the sailor series, obviously, like, I don't I don't know, man.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3156">52:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3156" data-t="3156">It's it's I'm a little bearish on it. I'm kinda worried about, you know, the concept of having,</span> <span class="cue" id="t-3162" data-t="3162">funny talkers like Peter</span> <span class="cue" id="t-3164" data-t="3164">dictating American policy.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3167">52:47</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3167" data-t="3167">I feel like Obviously, it would have been better if Peter was born an American. You know? I mean, it goes without saying.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3173">52:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3173" data-t="3173">Well, you know, we've been</span> <span class="cue" id="t-3175" data-t="3175">we've kind of done a bad job</span> <span class="cue" id="t-3178" data-t="3178">as Americans</span> <span class="cue" id="t-3180" data-t="3180">on this front of allowing individuals like like non FEC</span> <span class="cue" id="t-3185" data-t="3185">or SEC compliant</span> <span class="cue" id="t-3188" data-t="3188">podcasters</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3189">53:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3189" data-t="3189">like, Anthony Bompliano</span> <span class="cue" id="t-3191" data-t="3191">Mhmm. Being the primary,</span> <span class="cue" id="t-3194" data-t="3194">cases</span> <span class="cue" id="t-3195" data-t="3195">in our, American podcast here. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3198">53:18</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3198" data-t="3198">Yeah. I mean,</span> <span class="cue" id="t-3201" data-t="3201">it really like, I really was disillusioned</span> <span class="cue" id="t-3204" data-t="3204">with pump,</span> <span class="cue" id="t-3206" data-t="3206">when I started seeing that he was willing to promote unregistered securities.</span> <span class="cue" id="t-3211" data-t="3211">And, like, you know, if you're not willing to be compliant with the FCC</span> <span class="cue" id="t-3216" data-t="3216">on your podcast that's already unregulated</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3218">53:38</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3218" data-t="3218">by the FCC,</span> <span class="cue" id="t-3220" data-t="3220">I mean, come on, man. I I it's hard to take you seriously. Like, you've got to at least like, there may be no clear FCC regulations for Bitcoin podcast, but there are clear FCC regulations and you're just choosing to ignore those. Yeah. I think it's really important for the community. So, you know, there there's a lot of, like, watchdogs</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3237">53:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3237" data-t="3237">ensuring</span> <span class="cue" id="t-3239" data-t="3239">that the different podcasters</span> <span class="cue" id="t-3240" data-t="3240">are FCC compliant.</span> <span class="cue" id="t-3242" data-t="3242">Yeah. But they they understand what the Howey test is.</span> <span class="cue" id="t-3248" data-t="3248">And I I think one of the primary ones, one of one of the unsung heroes of our industry</span> <span class="cue" id="t-3254" data-t="3254">in the in the content creation sphere</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3256">54:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3256" data-t="3256">is Pleditor.</span> <span class="cue" id="t-3259" data-t="3259">Mhmm.</span> <span class="cue" data-t="3259">But Pleasure,</span> <span class="cue" id="t-3261" data-t="3261">you know, he's he's</span> <span class="cue" id="t-3262" data-t="3262">the type of person</span> <span class="cue" id="t-3265" data-t="3265">who, you know, has gone through the effort to get a direct line with Gary Gensler.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3270">54:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3270" data-t="3270">And to be able to inform</span> <span class="cue" id="t-3273" data-t="3273">regulate because you</span> <span class="cue" id="t-3275" data-t="3275">the reality is is that, like,</span> <span class="cue" id="t-3277" data-t="3277">unfortunately,</span> <span class="cue" id="t-3278" data-t="3278">our regulators have not prioritized listening to Bitcoin podcasts enough.</span> <span class="cue" id="t-3283" data-t="3283">It's And</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3284">54:44</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3284" data-t="3284">they claim they don't have had such trouble on the regulation front. Like, everyone's talking about</span> <span class="cue" id="t-3290" data-t="3290">Trump and Kamala and Operation Choke Point two point o and the Biden administration's</span> <span class="cue" id="t-3296" data-t="3296">hostility.</span> <span class="cue" id="t-3297" data-t="3297">And no one's asking how many episodes of Bitcoin podcast has Kamala Harris listened to. I mean, like, come on, man. You think Gary Gensler has</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3306">55:06</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3306" data-t="3306">sent to What Bitcoin?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3309">55:09</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3309" data-t="3309">Absolutely. I mean, Gary is a bright spot, I think, in our kinda journey as an industry.</span> <span class="cue" id="t-3315" data-t="3315">He obviously approved Bitcoin ETFs as regulated,</span> <span class="cue" id="t-3318" data-t="3318">you know, securities traded products.</span> <span class="cue" id="t-3321" data-t="3321">He obviously</span> <span class="cue" id="t-3322" data-t="3322">shut down, you know, most of the non compliant,</span> <span class="cue" id="t-3326" data-t="3326">like, unregistered securities.</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">Steven Lubka</b> <span class="cue" id="t-3328" data-t="3328">I I mean,</span> <span class="cue" id="t-3329" data-t="3329">the idea that he would have been able to do that without listening to at least some amount of what Bitcoin did, I mean, he just wouldn't have succeeded. You know? I mean, it's obvious that he was taking, you know, kind of a, you know, a lot of the knowledge he learned watching what Bitcoin did and applying it to federal security markets. I think it was that's kind of an interesting take because I think a lot of people in the community would disagree with it that Gary Gensler has not</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3352">55:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3352" data-t="3352">taken the dance of</span> <span class="cue" id="t-3356" data-t="3356">promoting clients enough. That he's allowed a lot of shady behavior to not, like, question his</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3363">56:03</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3363" data-t="3363">You know, you you can't let perfect be the enemy of good here. You know? Like,</span> <span class="cue" id="t-3368" data-t="3368">I I know we want our regulators to be perfect</span> <span class="cue" id="t-3370" data-t="3370">kind of Superman or Ubermensch, if you will.</span> <span class="cue" id="t-3374" data-t="3374">But, like, we can't let perfect be the enemy of good. I think Gary passed a lot of common sense regulation,</span> <span class="cue" id="t-3381" data-t="3381">and we need to applaud him for that while still striving to do better. You know? I I like</span> <span class="cue" id="t-3387" data-t="3387">I'm I'm fully on board with, like, making America compliant again, but that's gonna take you know, that's step by step, man. It's it's not all at once. I mean, I think, like, one of the big challenges,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3397">56:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3397" data-t="3397">you know, like, for me as an individual, as a credentialed journalist</span> <span class="cue" id="t-3403" data-t="3403">is, you know, there's this expectation of compliance for the but not for me. No. You know? And then the Beagle's done a lot of work, you know, showcasing like how,</span> <span class="cue" id="t-3415" data-t="3415">a lot of these government agencies</span> <span class="cue" id="t-3417" data-t="3417">are</span> <span class="cue" id="t-3419" data-t="3419">non compliant</span> <span class="cue" id="t-3421" data-t="3421">at the end of the day.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3423">57:03</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3423" data-t="3423">Leadership comes from the top, man. And and, you know, your critique is, your criticism is is well heard. You gotta lead from the front. And if our, you know, top government officials are not</span> <span class="cue" id="t-3436" data-t="3436">complying</span> <span class="cue" id="t-3437" data-t="3437">and being paragons of compliance themselves,</span> <span class="cue" id="t-3440" data-t="3440">then,</span> <span class="cue" id="t-3442" data-t="3442">you know, I mean, how are how is the average person expected to,</span> <span class="cue" id="t-3447" data-t="3447">you know, devote the time and energy necessary to understanding the rules and guidelines of 12 different federal agencies. Like, you know, I mean, this is obviously what, you know, Aristotle talked about. Right? Like, Aristotle believed that,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3462">57:42</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3462" data-t="3462">you know, an excellent citizenry. Right? Like, the citizens of democracy</span> <span class="cue" id="t-3467" data-t="3467">need to cultivate themselves. They need to be educated,</span> <span class="cue" id="t-3471" data-t="3471">and they need to be, you know, able to process and understand compliance</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3476">57:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3476" data-t="3476">rules and regulations. Right? And, you know, we're failing Aristotle here. Yeah. I mean, it doesn't help that, presidential candidates like, Donald Trump are promoting unregistered</span> <span class="cue" id="t-3486" data-t="3486">security.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3487">58:07</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3487" data-t="3487">It really doesn't. I mean, you know, we were</span> <span class="cue" id="t-3490" data-t="3490">really excited</span> <span class="cue" id="t-3491" data-t="3491">about,</span> <span class="cue" id="t-3492" data-t="3492">you know, his embrace of,</span> <span class="cue" id="t-3494" data-t="3494">Bitcoin. But,</span> <span class="cue" id="t-3496" data-t="3496">you know, it's looking like</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3498">58:18</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3498" data-t="3498">they're trying to launch some sort of,</span> <span class="cue" id="t-3502" data-t="3502">you know,</span> <span class="cue" id="t-3503" data-t="3503">DeFi platform that is itself unregulated.</span> <span class="cue" id="t-3506" data-t="3506">And,</span> <span class="cue" id="t-3507" data-t="3507">I mean, you know, it's a it's a it's a tough pill to swallow,</span> <span class="cue" id="t-3511" data-t="3511">especially when</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3512">58:32</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3512" data-t="3512">I mean, you just don't have any good choices in the selection. On one hand, you have Donald Trump who wants to promote unregistered securities.</span> <span class="cue" id="t-3520" data-t="3520">On the other hand, you have Kamala Harris who has not listened to what Bitcoin did. And it's just I don't I don't know how you choose. You know? I mean,</span> <span class="cue" id="t-3529" data-t="3529">obviously, RFK</span> <span class="cue" id="t-3531" data-t="3531">has listened to some Bitcoin podcasts,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3533">58:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3533" data-t="3533">but, he's now dropped out. So what's a Bitcoiner to do? I don't know. It's it's quite the quite the conundrum that I don't think we're gonna come up with the answers on, this episode, unfortunately.</span> <span class="cue" id="t-3545" data-t="3545">I think this is like a topic and, you know, kicked over to, you know, groups</span> <span class="cue" id="t-3550" data-t="3550">of,</span> <span class="cue" id="t-3552" data-t="3552">credentialed experts to run studies,</span> <span class="cue" id="t-3555" data-t="3555">then are peer reviewed and and discussed at length. And and then we can take it to Twitter spaces</span> <span class="cue" id="t-3561" data-t="3561">and discuss it in there</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3564">59:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3564" data-t="3564">and</span> <span class="cue" id="t-3565" data-t="3565">formulate</span> <span class="cue" id="t-3566" data-t="3566">these solutions.</span> <span class="cue" id="t-3568" data-t="3568">We need the best minds,</span> <span class="cue" id="t-3571" data-t="3571">the Bitcoin podcasters</span> <span class="cue" id="t-3573" data-t="3573">to start exploring ideas.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3576">59:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3576" data-t="3576">There just needs to be more discussion</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3579">59:39</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3579" data-t="3579">and study of it. I think honestly, you made a great point there that I wanna kind of, double click on a little bit. And it's that it goes it goes really underappreciated</span> <span class="cue" id="t-3589" data-t="3589">how much that Twitter spaces</span> <span class="cue" id="t-3591" data-t="3591">was actually an innovation</span> <span class="cue" id="t-3593" data-t="3593">on peer review.</span> <span class="cue" id="t-3594" data-t="3594">And, like, people don't talk about this, but, you know, like, the fact that we can have peer reviewed studies by credentialed experts</span> <span class="cue" id="t-3603" data-t="3603">and then we can discuss those in Twitter spaces,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3606">1:00:06</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3606" data-t="3606">it just adds, like, a whole other level to the validity of the scientific information. Well, it's the way that,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3613">1:00:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3613" data-t="3613">discussion around,</span> <span class="cue" id="t-3614" data-t="3614">Bitcoin development has been going. You know, everybody</span> <span class="cue" id="t-3618" data-t="3618">that's been around for a little bit since the podcast</span> <span class="cue" id="t-3621" data-t="3621">has realized that, you know, the the mailing list is not</span> <span class="cue" id="t-3626" data-t="3626">the way to get your proposals</span> <span class="cue" id="t-3630" data-t="3630">as far as upgrading Bitcoin</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3632">1:00:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3632" data-t="3632">be taken seriously, that all that discussion has to happen basis?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3637">1:00:37</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3637" data-t="3637">It it's it's just, I mean, we're, you know, the contention</span> <span class="cue" id="t-3640" data-t="3640">around</span> <span class="cue" id="t-3641" data-t="3641">kind of upgrading soft forks, script restoration on Bitcoin,</span> <span class="cue" id="t-3646" data-t="3646">I think it just could be solved by, like, a single licensing body</span> <span class="cue" id="t-3650" data-t="3650">that gives certain developers approved credentials to upgrade Bitcoin. And, like, we don't have this. And, like, everyone is having to, like, debate their ideas under their own merit and, like, muster argumentation</span> <span class="cue" id="t-3662" data-t="3662">in the public sphere that everyone can see. And,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3665">1:01:05</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3665" data-t="3665">you know, of course, nothing gets done. You know? You just need to, like,</span> <span class="cue" id="t-3669" data-t="3669">find some sort of standard body for licensure,</span> <span class="cue" id="t-3673" data-t="3673">get 50 of these developers licensed, and then they can do whatever they want under the guideline of, you know, Bitcoin regulators. It's a really interesting idea.</span> <span class="cue" id="t-3681" data-t="3681">The fact that we don't have Bitcoin regulators is insane. What do you think that like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3686">1:01:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3686" data-t="3686">who would be the regulators in that situation? Would it be the US government or would it be</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3692">1:01:32</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3692" data-t="3692">Yeah. I mean, the US government would hire certain Bitcoin podcasters</span> <span class="cue" id="t-3697" data-t="3697">and appoint them to a regulatory. Well, yeah. Well,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3701">1:01:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3701" data-t="3701">kind of running out of time. Do you have any</span> <span class="cue" id="t-3705" data-t="3705">thoughts</span> <span class="cue" id="t-3707" data-t="3707">for us, you know, things that you think are, you know, for listeners to understand? Yeah. I mean, I think we covered a lot of good ground here.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3715">1:01:55</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3715" data-t="3715">You know, I think having more conversations like these,</span> <span class="cue" id="t-3720" data-t="3720">talking about our civic duties, you know, I mean, that's the path forward. There's just too much</span> <span class="cue" id="t-3725" data-t="3725">fragmentation.</span> <span class="cue" id="t-3726" data-t="3726">There's too much,</span> <span class="cue" id="t-3728" data-t="3728">you know, just everyone kind of, running in their own directions right now in the Bitcoin community. And I think that, like, we could come together under some common community approved guidelines that are then watched very closely</span> <span class="cue" id="t-3741" data-t="3741">by, people on Twitter to make sure people are adhering with those guidelines.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3746">1:02:26</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3746" data-t="3746">You know, we need to move towards that. We need to get more Bitcoin podcasts into Washington.</span> <span class="cue" id="t-3752" data-t="3752">We we actually really should have you know, how there are, like,</span> <span class="cue" id="t-3755" data-t="3755">like, dashboards to see who donated how much money to certain senators? We need a similar thing for episodes of Bitcoin podcasts. And, like, we need to know which senators watched with which episodes of which podcasts.</span> <span class="cue" id="t-3769" data-t="3769">And I think that would help,</span> <span class="cue" id="t-3771" data-t="3771">you know, those those of us that are working in lobbying efforts,</span> <span class="cue" id="t-3774" data-t="3774">you know, just be way more effective. Because, like, if somebody hasn't watched the sailor series, you know, I mean, come on. Like, you know, like, they need to do that before they get any further money. So so it sounds like your solution is Podkom.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3787">1:03:07</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3787" data-t="3787">This is why I was just very impressed by the work that they're doing.</span> <span class="cue" id="t-3791" data-t="3791">I think there's some things behind the scenes that they're working on bringing to market that are really gonna impress people.</span> <span class="cue" id="t-3797" data-t="3797">You know? And, we'll have to wait and see and see if they can deliver.</span> <span class="cue" id="t-3801" data-t="3801">It's hard. It's hard to innovate in compliance,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3804">1:03:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3804" data-t="3804">but I think they can do it, man. Well, that is definitely interesting. I think it's controversial. I think our listeners will,</span> <span class="cue" id="t-3812" data-t="3812">disagree, but I think it's important to, you know, hear the argument,</span> <span class="cue" id="t-3815" data-t="3815">discuss the merit of it, and do something around it. Enjoyed this chat, Richard.</span> <span class="cue" id="t-3821" data-t="3821">Well, I thank you for your time, Steven, and appreciate your perspective.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3826">1:03:46</a><span class="cue-body"><b class="cue-who">Steven Lubka</b> <span class="cue" id="t-3826" data-t="3826">Absolutely. Anytime.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3829">1:03:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3829" data-t="3829">I wanna give</span> <span class="cue" id="t-3830" data-t="3830">a big thank you and shout out to Steven Lobka for coming on the show. That was a fun interview. Learned a lot about,</span> <span class="cue" id="t-3838" data-t="3838">you know, compliance.</span> <span class="cue" id="t-3839" data-t="3839">My opinions on</span> <span class="cue" id="t-3842" data-t="3842">the intellectual Silk Road, on PodConf, on compliance has not changed.</span> <span class="cue" id="t-3847" data-t="3847">But, you know, there's individuals out there that are fighting the good fight that have different perspectives</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3853">1:04:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3853" data-t="3853">than us. I just think we disagree on</span> <span class="cue" id="t-3856" data-t="3856">the tactics.</span> <span class="cue" id="t-3858" data-t="3858">But, yeah.</span> <span class="cue" id="t-3860" data-t="3860">So</span> <span class="cue" id="t-3862" data-t="3862">now's the time</span> <span class="cue" id="t-3864" data-t="3864">for the fountain boost, everybody's favorite part of the show.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3869">1:04:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3869" data-t="3869">We're still donating 10% of these to samurai.</span> <span class="cue" id="t-3873" data-t="3873">So thank you for everybody, you know, for donating or boosting us,</span> <span class="cue" id="t-3877" data-t="3877">but also boosting samurai.</span> <span class="cue" id="t-3881" data-t="3881">If you want to go and donate directly to their defense fund, go over to p2prights.org.</span> <span class="cue" id="t-3888" data-t="3888">And</span> <span class="cue" id="t-3889" data-t="3889">there, you can, you know, donate to help the the legal defense fund. And, you know, when they win their case</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3896">1:04:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3896" data-t="3896">against the spooks,</span> <span class="cue" id="t-3898" data-t="3898">you know, that those funds will be there,</span> <span class="cue" id="t-3901" data-t="3901">for other open source developers, for other individuals that are being</span> <span class="cue" id="t-3906" data-t="3906">prosecuted for</span> <span class="cue" id="t-3908" data-t="3908">being compliant</span> <span class="cue" id="t-3910" data-t="3910">or just stupid things. But yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3912">1:05:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3912" data-t="3912">So our first boost is from</span> <span class="cue" id="t-3914" data-t="3914">our good friend We All Eat</span> <span class="cue" id="t-3917" data-t="3917">who says,</span> <span class="cue" id="t-3918" data-t="3918">LFMAO,</span> <span class="cue" id="t-3919" data-t="3919">great intro, great show.</span> <span class="cue" id="t-3921" data-t="3921">Getting triple nostril boost from fundamentals is dope. You'll give Kaylee my digits. We can talk about noncompliance</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3928">1:05:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3928" data-t="3928">and how Rod is compliance cucked for the Michelle Weeklies of the world.</span> <span class="cue" id="t-3933" data-t="3933">Let's all blow up let's all blow our bugles for smoking hot babes.</span> <span class="cue" id="t-3939" data-t="3939">Do your fucking taxes and comply. Rod must have tickled Michelle's balls to get simply Bitcoin</span> <span class="cue" id="t-3946" data-t="3946">on already.</span> <span class="cue" id="t-3948" data-t="3948">Look forward to sitting down with the two great credentialed journalists at the next PodConff event. LOL.</span> <span class="cue" id="t-3954" data-t="3954">Well, thank you for your boost.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3958">1:05:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3958" data-t="3958">I don't really know how Rod is compliance cut for the Michelle Weakleys of the world.</span> <span class="cue" id="t-3965" data-t="3965">That's an interesting theory. But, yeah,</span> <span class="cue" id="t-3967" data-t="3967">you you can reach out to Kaylee. She's on Twitter.</span> <span class="cue" id="t-3971" data-t="3971">She's on Noster.</span> <span class="cue" id="t-3973" data-t="3973">Feel free to to reach out to her.</span> <span class="cue" id="t-3976" data-t="3976">The triple boost from fundamentals is interesting. It looks like he boosted us the same thing four times.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3982">1:06:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3982" data-t="3982">So four times the stats,</span> <span class="cue" id="t-3985" data-t="3985">but repeating the same message. So appreciate the boost fundamentals. I'll get to that in a second.</span> <span class="cue" id="t-3991" data-t="3991">But, yeah,</span> <span class="cue" id="t-3993" data-t="3993">I agree. Blow</span> <span class="cue" id="t-3996" data-t="3996">your beagles for the smoking hot babes.</span> <span class="cue" id="t-3999" data-t="3999">But, yeah, we all eat. Great guy. Always enjoy seeing him around,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4004">1:06:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4004" data-t="4004">the PodCon tour</span> <span class="cue" id="t-4006" data-t="4006">at all the events.</span> <span class="cue" id="t-4010" data-t="4010">It's people like you</span> <span class="cue" id="t-4012" data-t="4012">who make the show possible, who make us, you know, keep going. So</span> <span class="cue" id="t-4016" data-t="4016">I</span> <span class="cue" id="t-4018" data-t="4018">little bit less eventful</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4020">1:07:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4020" data-t="4020">boost than last week, you know, where</span> <span class="cue" id="t-4023" data-t="4023">we all each shared with us that he had a threesome with,</span> <span class="cue" id="t-4028" data-t="4028">HashSledX</span> <span class="cue" id="t-4029" data-t="4029">and,</span> <span class="cue" id="t-4031" data-t="4031">Miss Huddl, not four twenty.</span> <span class="cue" id="t-4034" data-t="4034">But</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4036">1:07:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4036" data-t="4036">yeah, a lot to a lot to unpack in this.</span> <span class="cue" id="t-4040" data-t="4040">A lot to unpack in this.</span> <span class="cue" id="t-4043" data-t="4043">Anyways, we'll we'll look forward to seeing you at the next event. We all eat, and thank you for the boost.</span> <span class="cue" id="t-4049" data-t="4049">Next boost for 10,000 sats is from Fundamentals who says, one of your best episodes and now these boosts are going out on Nostr.</span> <span class="cue" id="t-4056" data-t="4056">The thermodynamics</span> <span class="cue" id="t-4058" data-t="4058">are unprecedented.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4059">1:07:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4059" data-t="4059">We can't even comprehend the value signal.</span> <span class="cue" id="t-4063" data-t="4063">I'm not really sure how the the Nostra integration works. So I need to I need somebody to explain that to me</span> <span class="cue" id="t-4071" data-t="4071">or</span> <span class="cue" id="t-4073" data-t="4073">to show me. I see sometimes when you tweet</span> <span class="cue" id="t-4077" data-t="4077">on Noster</span> <span class="cue" id="t-4078" data-t="4078">I don't know what it's called</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4080">1:08:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4080" data-t="4080">when you post on Noster. But when you post</span> <span class="cue" id="t-4083" data-t="4083">the episode</span> <span class="cue" id="t-4084" data-t="4084">link on Noster,</span> <span class="cue" id="t-4086" data-t="4086">it shows up in the found feed.</span> <span class="cue" id="t-4090" data-t="4090">But thank you. Yeah. I thought last episode was really, really good as well.</span> <span class="cue" id="t-4094" data-t="4094">And I think we're just gonna continue to to get better. You know, we're we're you know, Kaylee has really allowed us to level up.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4103">1:08:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4103" data-t="4103">And I hope in the future that we're not just gonna have one smoking hot babe,</span> <span class="cue" id="t-4108" data-t="4108">but many,</span> <span class="cue" id="t-4110" data-t="4110">working at the bugle.</span> <span class="cue" id="t-4112" data-t="4112">And the thermodynamics</span> <span class="cue" id="t-4113" data-t="4113">are just gonna</span> <span class="cue" id="t-4115" data-t="4115">gonna</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4116">1:08:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4116" data-t="4116">grow.</span> <span class="cue" id="t-4118" data-t="4118">Stackatoshi</span> <span class="cue" id="t-4119" data-t="4119">2,000 sets</span> <span class="cue" id="t-4120" data-t="4120">says, I'm really concerned that NGU is not going up fast enough to allow me to pay my taxes next year. We need more Bitcoin podcasts ASAP. How will people find out that Bitcoin has already won if we don't know? Yeah.</span> <span class="cue" id="t-4135" data-t="4135">Like, the price is directly correlated to the amount of podcasts.</span> <span class="cue" id="t-4139" data-t="4139">The more podcasts there are, the higher the price goes up. And every time the price fall</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4145">1:09:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4145" data-t="4145">falls is because podcasters did give up.</span> <span class="cue" id="t-4149" data-t="4149">And it's really lame. I'm I'm also kinda concerned about this.</span> <span class="cue" id="t-4154" data-t="4154">You know, PodConf will tell you that</span> <span class="cue" id="t-4158" data-t="4158">there's just, like, been a general lack of compliance and and and that's why the price has fallen. But, you know, the reality is</span> <span class="cue" id="t-4165" data-t="4165">it's about podcasts.</span> <span class="cue" id="t-4167" data-t="4167">The more you know, it doesn't even matter if podcasts are thermodynamically</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4172">1:09:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4172" data-t="4172">sound like ours.</span> <span class="cue" id="t-4173" data-t="4173">As as long as there's just</span> <span class="cue" id="t-4176" data-t="4176">a lot of them,</span> <span class="cue" id="t-4177" data-t="4177">the more the better. Because the more podcasts there are, that means the more people are talking about Bitcoin,</span> <span class="cue" id="t-4183" data-t="4183">more people,</span> <span class="cue" id="t-4184" data-t="4184">you know, are listening about Bitcoin and they're finding out that Bitcoin has already won. And so that's that's really, really important. Thank you for your boost, Takatoshi.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4193">1:09:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4193" data-t="4193">The next one is from Shadrach, our good friend Shadrach for 9999¢.</span> <span class="cue" id="t-4199" data-t="4199">And Shadrach says choose joyful and then has a</span> <span class="cue" id="t-4203" data-t="4203">a primal link,</span> <span class="cue" id="t-4205" data-t="4205">which I guess I'll look up real quick.</span> <span class="cue" id="t-4208" data-t="4208">Yeah. If you don't know Shadrach, go and check him out on</span> <span class="cue" id="t-4213" data-t="4213">roster. Great guy. I can't see the link for some reason. I don't</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4217">1:10:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4217" data-t="4217">I don't know how to use this.</span> <span class="cue" id="t-4220" data-t="4220">I assume that</span> <span class="cue" id="t-4222" data-t="4222">the boost somehow translated from roster, but I'm not I'm not really sure.</span> <span class="cue" id="t-4229" data-t="4229">Open mic for 7,777</span> <span class="cue" id="t-4233" data-t="4233">stats.</span> <span class="cue" data-t="4233">Says Beagle Mile high</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4236">1:10:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4236" data-t="4236">club flies again.</span> <span class="cue" id="t-4237" data-t="4237">That's awesome, man. It looks like you double boosted for some reason.</span> <span class="cue" id="t-4242" data-t="4242">But</span> <span class="cue" id="t-4243" data-t="4243">yeah, the Beagle Mile High Club is when you listen to</span> <span class="cue" id="t-4247" data-t="4247">the Beagle on an airplane,</span> <span class="cue" id="t-4249" data-t="4249">the Beagle Weekly. So</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4251">1:10:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4251" data-t="4251">I'm sure Rod was doing that this week in his travels,</span> <span class="cue" id="t-4256" data-t="4256">to go, you know, find this oh, wow.</span> <span class="cue" id="t-4260" data-t="4260">Alright. I'll get I'll</span> <span class="cue" id="t-4262" data-t="4262">I'll talk about this one in a minute, but I just saw the next boost. I was kinda surprised.</span> <span class="cue" id="t-4266" data-t="4266">Yeah. Appreciate your open mic.</span> <span class="cue" id="t-4269" data-t="4269">Thank you for the boost. Thanks for listening to the show.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4272">1:11:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4272" data-t="4272">Next one is from PodCon for 5,000 sats.</span> <span class="cue" id="t-4275" data-t="4275">It says, this episode is highly offensive, and we will be pressing charges. The way you frame Michelle Weekly as a federal operative is just ridiculous.</span> <span class="cue" id="t-4284" data-t="4284">PodConf will only get stronger because you people are</span> <span class="cue" id="t-4288" data-t="4288">so ineffective at attacking Bitcoin price increase.</span> <span class="cue" id="t-4292" data-t="4292">We believe Bitcoin price will increase. Also, compliance is defiance</span> <span class="cue" id="t-4297" data-t="4297">with the reserve sign after.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4300">1:11:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4300" data-t="4300">We hope to save your listeners from your vile misinformation campaign. Look into real plus</span> <span class="cue" id="t-4306" data-t="4306">reserve.</span> <span class="cue" data-t="4306">Well, you know, appreciate the boost, PodConv, but, you know, go fuck yourself.</span> <span class="cue" id="t-4312" data-t="4312">Don't really care</span> <span class="cue" id="t-4313" data-t="4313">what you think. You're wrong.</span> <span class="cue" id="t-4315" data-t="4315">It has nothing to do with compliance.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4318">1:11:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4318" data-t="4318">It the price increase</span> <span class="cue" id="t-4320" data-t="4320">has to do with number of Bitcoin podcasts.</span> <span class="cue" id="t-4322" data-t="4322">And I bet you the price would increase a lot quicker if they're a lot more non</span> <span class="cue" id="t-4327" data-t="4327">compliant</span> <span class="cue" id="t-4329" data-t="4329">and actual defiant</span> <span class="cue" id="t-4331" data-t="4331">Bitcoin podcasts out there.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4333">1:12:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4333" data-t="4333">So</span> <span class="cue" id="t-4335" data-t="4335">I I'm I'm doing a middle finger</span> <span class="cue" id="t-4337" data-t="4337">at my,</span> <span class="cue" id="t-4338" data-t="4338">typewriter right now,</span> <span class="cue" id="t-4341" data-t="4341">So that's what I wanna communicate with you, Podkomp. We will not be shaken. We will not be stopped.</span> <span class="cue" id="t-4346" data-t="4346">There's nothing you can do to hold us down. Orange Mart boosted for 5,000 sats and</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4352">1:12:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4352" data-t="4352">says the People Weekly is a great value for money.</span> <span class="cue" id="t-4357" data-t="4357">Yeah. I I mean, I agree. And,</span> <span class="cue" id="t-4361" data-t="4361">I appreciate the</span> <span class="cue" id="t-4364" data-t="4364">the boost. I mean, you know, all all these stats, they they go into</span> <span class="cue" id="t-4368" data-t="4368">our non KYC cigarette fund except for the 10% going to samurai.</span> <span class="cue" id="t-4375" data-t="4375">You know, I I kinda wish that p2prights.org</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4379">1:12:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4379" data-t="4379">would actually, like, let you</span> <span class="cue" id="t-4381" data-t="4381">donate to, like, the samurai cigarette fund because, like,</span> <span class="cue" id="t-4386" data-t="4386">I'm sure those guys are stressed out and could use a ton of cigarettes right now,</span> <span class="cue" id="t-4391" data-t="4391">to to help them just stay focused.</span> <span class="cue" id="t-4394" data-t="4394">Vake</span> <span class="cue" id="t-4396" data-t="4396">boosted for 1,200 sass and says, this show cured my Parkinson's.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4401">1:13:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4401" data-t="4401">Wow, that's incredible.</span> <span class="cue" id="t-4403" data-t="4403">This is the first time you know, I've heard of, like, the Bugle Weekly doing a lot of thing different things for people.</span> <span class="cue" id="t-4411" data-t="4411">I've heard about it, you know, just like encouraging them,</span> <span class="cue" id="t-4415" data-t="4415">makes them laugh,</span> <span class="cue" id="t-4416" data-t="4416">helps people feel more informed.</span> <span class="cue" id="t-4419" data-t="4419">But this is the first time I've heard of the Bugle Weekly</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4422">1:13:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4422" data-t="4422">curing Parkinson's.</span> <span class="cue" id="t-4425" data-t="4425">And if this could be replicated</span> <span class="cue" id="t-4427" data-t="4427">and wasn't just a one off,</span> <span class="cue" id="t-4431" data-t="4431">I could see</span> <span class="cue" id="t-4433" data-t="4433">our content becoming very</span> <span class="cue" id="t-4435" data-t="4435">important in the medical community.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4439">1:13:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4439" data-t="4439">But that's just what happens when, you know, you have credentialed journalists,</span> <span class="cue" id="t-4446" data-t="4446">talking</span> <span class="cue" id="t-4447" data-t="4447">from</span> <span class="cue" id="t-4448" data-t="4448">a talking about, you know, like taking a principled stance</span> <span class="cue" id="t-4452" data-t="4452">on a lot of these topics and not working directly for the CIA. Like, people are just really hungry</span> <span class="cue" id="t-4458" data-t="4458">for content</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4460">1:14:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4460" data-t="4460">that is not produced or influenced by the CIA. When there's something that is real,</span> <span class="cue" id="t-4467" data-t="4467">people really like it. And and maybe that's why it cured your Parkinson's.</span> <span class="cue" id="t-4471" data-t="4471">So glad to hear that.</span> <span class="cue" id="t-4473" data-t="4473">You know, cigarettes also also cure</span> <span class="cue" id="t-4476" data-t="4476">Parkinson's. But,</span> <span class="cue" id="t-4478" data-t="4478">I think this is the last</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-4479">1:14:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4479" data-t="4479">this is the last boost of the show from,</span> <span class="cue" id="t-4485" data-t="4485">Bliza for a thousand sass that says boost for thermode dynamically sound podcasting.</span> <span class="cue" id="t-4491" data-t="4491">Well, definitely appreciate it, Blizzard. Appreciate everybody</span> <span class="cue" id="t-4495" data-t="4495">that boosted the show. And now I'm seeing, like, a bunch of posts on Noster</span> <span class="cue" id="t-4502" data-t="4502">and and clips in the feed below, and I don't really know what to make sense of it. I guess I would have to</span> <span class="cue" id="t-4507" data-t="4507">to click on them. But, you know, when I do, it just confuses me. It doesn't really take me to the</span></span></p>
   +

   …12 more lines (diff truncated).