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Transcript: Integrating Podcasts Into Your Life with Meditation Man | Intellectual Silk Road Episode 4
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diff --git a/wiki/transcripts/integrating-podcasts-into-your-life-with-meditation-man-intellectual-silk-road-episode-4.md b/wiki/transcripts/integrating-podcasts-into-your-life-with-meditation-man-intellectual-silk-road-episode-4.md new file mode 100644 index 00000000..e3141d44 @@ -0,0 +1,723 @@ +--- +title: "Transcript: Integrating Podcasts Into Your Life with Meditation Man | Intellectual Silk Road Episode 4" +type: transcript +episode: integrating-podcasts-into-your-life-with-meditation-man-intellectual-silk-road-episode-4 +generated: true +date: 2026-01-18 +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/k5fiuDTssQr11hUI59RR/files/AUDIO---DEFAULT---e6070f32-8d30-4ef1-92c3-26412bbbad33.mp3" +duration: "1:30:28" +sources: + - raw/episodes/integrating-podcasts-into-your-life-with-meditation-man-intellectual-silk-road-episode-4/bundle.json +--- + +<p class="cue-p"><a class="cue-t" href="#t-3">0:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3" data-t="3">Some people call it mindfulness.</span> <span class="cue" id="t-5" data-t="5">Some people</span> <span class="cue" id="t-7" data-t="7">call it,</span> <span class="cue" id="t-8" data-t="8">meditation.</span> <span class="cue" id="t-10" data-t="10">Some people call it prayer.</span> <span class="cue" id="t-12" data-t="12">Some people,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-14">0:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-14" data-t="14">they go on walks</span> <span class="cue" id="t-16" data-t="16">and they call it clearing their head or they call it the presence or they say, I'm touching grass.</span> <span class="cue" id="t-22" data-t="22">But</span> <span class="cue" id="t-24" data-t="24">these are all forms of meditation, and it's</span> <span class="cue" id="t-27" data-t="27">it's something that</span> <span class="cue" id="t-30" data-t="30">not as many most people don't are doing these days where they're not doing enough of it each day. There's so much information,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-37">0:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-37" data-t="37">so much</span> <span class="cue" id="t-38" data-t="38">stimulus from your screens, from</span> <span class="cue" id="t-42" data-t="42">the crazy stuff going on in the world, the headlines, the news, the announcements,</span> <span class="cue" id="t-46" data-t="46">the situations.</span> <span class="cue" id="t-48" data-t="48">And</span> <span class="cue" id="t-50" data-t="50">if you wanna start meditating,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-53">0:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-53" data-t="53">it's</span> <span class="cue" id="t-54" data-t="54">something that in order to do it,</span> <span class="cue" id="t-58" data-t="58">it takes time. You have to take time</span> <span class="cue" id="t-62" data-t="62">to begin to meditate, to begin to do practice mindfulness, to be to to to pray every day. Whatever it is that you're doing,</span> <span class="cue" id="t-68" data-t="68">you have to take time. And one of the things that you notice, if you're like me,</span> <span class="cue" id="t-73" data-t="73">is when you try to do it,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-76">1:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-76" data-t="76">all you can think about is the time. Like, that is</span> <span class="cue" id="t-80" data-t="80">there's a million, I guess, things you can I guess the point of sometimes meditation is to not focus on anything,</span> <span class="cue" id="t-87" data-t="87">and sometimes it's to focus</span> <span class="cue" id="t-89" data-t="89">intensely on something and and and think about it? But</span> <span class="cue" id="t-95" data-t="95">when you're meditating, your damn damn time is going by so slow right now when I'm doing these other things, when my mind is busy, when the world is busy and things are going crazy, the time seems like it's flat, like flying by. In fact, time feels like it's flying by faster and faster,</span> <span class="cue" id="t-110" data-t="110">every day.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-111">1:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-111" data-t="111">But</span> <span class="cue" id="t-113" data-t="113">that</span> <span class="cue" id="t-114" data-t="114">that thoughtfulness that when you start thinking about time, you realize time itself is a huge radical.</span> <span class="cue" id="t-122" data-t="122">And today, we're talking to the meditation man,</span> <span class="cue" id="t-127" data-t="127">the man who built the time chain calendar, the, like,</span> <span class="cue" id="t-131" data-t="131">the guy who makes, you know, the digital Bitcoin watches, some people call it fountain.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-137">2:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-137" data-t="137">The the shy I think he's a shaman. He's like a he's like a time shaman. It's TC.</span> <span class="cue" id="t-143" data-t="143">How are you doing today? TC, you are</span> <span class="cue" id="t-146" data-t="146">the most credentialed</span> <span class="cue" id="t-147" data-t="147">washtmaker</span> <span class="cue" id="t-149" data-t="149">in all the Bitcoin space.</span> <span class="cue" id="t-152" data-t="152">It's great to have you on.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-154">2:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-154" data-t="154">Meditation is incredibly important</span> <span class="cue" id="t-158" data-t="158">because in many ways, it's a way to integrate the experiences</span> <span class="cue" id="t-161" data-t="161">that you</span> <span class="cue" id="t-163" data-t="163">the knowledge that you learn from forty hours Bitcoin podcast a week.</span> <span class="cue" id="t-170" data-t="170">Is that what you're trying to communicate</span> <span class="cue" id="t-174" data-t="174">with your username meditation? Is that why you've gotten into meditation is just seeing the importance of</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-180">2:60</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-180" data-t="180">integrating</span> <span class="cue" id="t-181" data-t="181">the, the knowledge that you've learned from listening to podcasts?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-187">3:07</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-187" data-t="187">I think without a doubt that</span> <span class="cue" id="t-190" data-t="190">my early</span> <span class="cue" id="t-193" data-t="193">discovery of Bitcoin and really falling into the rabbit hole,</span> <span class="cue" id="t-197" data-t="197">that that whole experience could be described as meditation</span> <span class="cue" id="t-201" data-t="201">where I was just</span> <span class="cue" id="t-202" data-t="202">watching so many podcasts</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-204">3:24</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-204" data-t="204">and having so many conversations with so many people</span> <span class="cue" id="t-208" data-t="208">about those podcasts,</span> <span class="cue" id="t-211" data-t="211">discovering</span> <span class="cue" id="t-213" data-t="213">deeper understanding</span> <span class="cue" id="t-215" data-t="215">gaining</span> <span class="cue" id="t-216" data-t="216">more conviction in Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-219">3:39</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-219" data-t="219">That's the path.</span> <span class="cue" id="t-220" data-t="220">That is the meditation.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-223">3:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-223" data-t="223">Some people</span> <span class="cue" id="t-225" data-t="225">some people like the when they're driving their car, they they're singing in their car, or they'll they'll sing in the shower,</span> <span class="cue" id="t-233" data-t="233">they'll just be like singing while they're mowing the lawn,</span> <span class="cue" id="t-236" data-t="236">but some people,</span> <span class="cue" id="t-239" data-t="239">they they have they have Bitcoin podcasts</span> <span class="cue" id="t-242" data-t="242">in the shower. They do Bitcoin podcasts in their car with themselves or with their mowing the lawn. Do you ever do that? Do you ever, do you have like a little, one on like a playing a podcast</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-253">4:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-253" data-t="253">in your head while you're you're doing new daily tasks, like, the meditative</span> <span class="cue" id="t-257" data-t="257">while you're carrying what's the what's the quote where I, like, carry in a bucket of water,</span> <span class="cue" id="t-263" data-t="263">every day before enlightenment and after enlightenment?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-268">4:28</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-268" data-t="268">Yeah. I mean, podcasts while you work,</span> <span class="cue" id="t-272" data-t="272">podcasts</span> <span class="cue" id="t-273" data-t="273">while you're,</span> <span class="cue" id="t-275" data-t="275">cooking, washing dishes,</span> <span class="cue" id="t-277" data-t="277">gardening,</span> <span class="cue" id="t-278" data-t="278">taking the kid to school.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-282">4:42</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-282" data-t="282">It's a it's a it's a constant.</span> <span class="cue" id="t-285" data-t="285">It's that focus.</span> <span class="cue" id="t-288" data-t="288">That focus is very important,</span> <span class="cue" id="t-290" data-t="290">especially early</span> <span class="cue" id="t-292" data-t="292">early in your journey.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-294">4:54</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-294" data-t="294">So</span> <span class="cue" id="t-295" data-t="295">you create a time chain calendar.</span> <span class="cue" id="t-299" data-t="299">That's what you're known for.</span> <span class="cue" id="t-302" data-t="302">So you're familiar with building these</span> <span class="cue" id="t-306" data-t="306">web applications. Do do you see the have you seen anybody create a Bitcoin</span> <span class="cue" id="t-311" data-t="311">meditation</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-312">5:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-312" data-t="312">app</span> <span class="cue" id="t-313" data-t="313">yet?</span> <span class="cue" id="t-314" data-t="314">And</span> <span class="cue" id="t-317" data-t="317">have</span> <span class="cue" id="t-318" data-t="318">you seen any Bitcoin meditations</span> <span class="cue" id="t-321" data-t="321">out there?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-323">5:23</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-323" data-t="323">No. But, I'm gonna start vibe coding that while we proceed with the rest of the,</span> <span class="cue" id="t-329" data-t="329">the recording here.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-331">5:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-331" data-t="331">I I will say I had this one experience one time where I was in a, sauna with some people,</span> <span class="cue" id="t-338" data-t="338">and they put on some Michael Sailor PLEBSLAW</span> <span class="cue" id="t-341" data-t="341">breathing exercises.</span> <span class="cue" id="t-343" data-t="343">And it was one of the most they they actually went through and they created a a pepslab meditation</span> <span class="cue" id="t-350" data-t="350">track.</span> <span class="cue" id="t-354" data-t="354">It took me by surprise.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-356">5:56</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-356" data-t="356">Yeah. I mean, people people are gonna need</span> <span class="cue" id="t-359" data-t="359">to calm down</span> <span class="cue" id="t-361" data-t="361">because,</span> <span class="cue" id="t-362" data-t="362">sometimes they get a little bit too excited.</span> <span class="cue" id="t-365" data-t="365">Sometimes they jump the gun.</span> <span class="cue" id="t-368" data-t="368">You know? The world doesn't always,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-371">6:11</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-371" data-t="371">cooperate.</span> <span class="cue" id="t-373" data-t="373">So</span> <span class="cue" id="t-374" data-t="374">there's always a need, I think. It's a chaotic world. Right?</span> <span class="cue" id="t-377" data-t="377">I think we need more</span> <span class="cue" id="t-380" data-t="380">relaxation,</span> <span class="cue" id="t-382" data-t="382">especially in Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-383">6:23</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-383" data-t="383">It's a high stress world.</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">Richard Greaser</b> <span class="cue" id="t-386" data-t="386">It is a high stress world sometimes, right? Or it also could depend on your perspective.</span> <span class="cue" id="t-391" data-t="391">Do you</span> <span class="cue" id="t-393" data-t="393">you know, one of the big causes of stress</span> <span class="cue" id="t-397" data-t="397">in much much of the community a few years ago</span> <span class="cue" id="t-400" data-t="400">was it was, you know, people like us to take away men and millions</span> <span class="cue" id="t-404" data-t="404">more like him. They were worried that people were not</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-407">6:47</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-407" data-t="407">they were really a fool that were in by XRP, they were not realizing Ethereum was a shit coin. They were worried about</span> <span class="cue" id="t-414" data-t="414">like the bankless guys and these other guys who would constantly tease them and troll them and say that there was gonna be a flip fling</span> <span class="cue" id="t-421" data-t="421">or they would say that XRP was going to $10 and like it was just this massive stress like we have to</span> <span class="cue" id="t-427" data-t="427">we have to teach everybody it's Bitcoin not crypto. In Swan,</span> <span class="cue" id="t-431" data-t="431">they they stole tweet 16 times a day.</span> <span class="cue" id="t-435" data-t="435">And and it does seem like, you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-437">7:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-437" data-t="437">Bitcoin had had clearly want it clearly</span> <span class="cue" id="t-442" data-t="442">transcended the rest of crypto. The meme coins were just</span> <span class="cue" id="t-445" data-t="445">making a making a fool of the rest of the industry. But then AI has come along, and</span> <span class="cue" id="t-451" data-t="451">AI is now the new, like, it's the new,</span> <span class="cue" id="t-456" data-t="456">shiny</span> <span class="cue" id="t-458" data-t="458">technology for the future. And it's all the Bitcoin miner it's stealing all Bitcoin miners, like, all their all all the people who wanna mine, all the guys who,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-469">7:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-469" data-t="469">understand how to, like, build the infrastructure and run these compute facilities, they're all going to do AI compute. They're pivoting from Bitcoin mining to AI GPU. And then all the content creators</span> <span class="cue" id="t-480" data-t="480">are starting to kinda go down the path of, like, exploring like, hey, it's you I can make a podcast about AI or with AI or I can</span> <span class="cue" id="t-488" data-t="488">talk about this or that. Everybody's focused</span> <span class="cue" id="t-492" data-t="492">on AI now. And in like they're they're punishing crypto and Bitcoin conversations on the algorithms of social media.</span> <span class="cue" id="t-499" data-t="499">And honestly if you if you were to go and check the vibe right now there's a lot of people who are saying or</span> <span class="cue" id="t-505" data-t="505">observing, noticing wherever you want it's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-507">8:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-507" data-t="507">the only time about Bitcoin or everybody's talking about AI or the situation that you got situation going on we get to that shortly.</span> <span class="cue" id="t-516" data-t="516">So the stress is back because I use Bitcoin to lose to AI or it's like it's AI is more popular, it's more pretty,</span> <span class="cue" id="t-524" data-t="524">but</span> <span class="cue" id="t-525" data-t="525">is I personally take it down as a a false,</span> <span class="cue" id="t-529" data-t="529">like, dichotomy is like not one versus the other because,</span> <span class="cue" id="t-535" data-t="535">Vibe Coding is awesome,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-538">8:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-538" data-t="538">AI music is fun as hell,</span> <span class="cue" id="t-540" data-t="540">is fun to you. I mean, there's so many tools you can, like, generate</span> <span class="cue" id="t-544" data-t="544">pictures of people in bikinis, you know, on with rock in like two seconds, Gemini is yet faster, like,</span> <span class="cue" id="t-551" data-t="551">what's</span> <span class="cue" id="t-553" data-t="553">your what's your take on this like this Bitcoin versus AI?</span> <span class="cue" id="t-556" data-t="556">Are you embracing</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-558">9:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-558" data-t="558">AI?</span> <span class="cue" id="t-559" data-t="559">Are you using AI to build more</span> <span class="cue" id="t-562" data-t="562">time chain calendars?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-566">9:26</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-566" data-t="566">Yeah. I mean, that's that's really,</span> <span class="cue" id="t-570" data-t="570">that's the cutting edge.</span> <span class="cue" id="t-572" data-t="572">Everyone knows Cloud Code is all up in their feed. That's that's the latest</span> <span class="cue" id="t-578" data-t="578">experience.</span> <span class="cue" id="t-580" data-t="580">No. But, really, every everyone who who does any kind of code, I think,</span> <span class="cue" id="t-585" data-t="585">has some experience with</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-587">9:47</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-587" data-t="587">the benefits of AI as a as a coding tool. And and there's two sides to that. You know, you're gonna have all kinds of plebs, vibe coding, all kinds of,</span> <span class="cue" id="t-599" data-t="599">things they imagine</span> <span class="cue" id="t-601" data-t="601">should should be there with Bitcoin. And on the other hand, don't you have to consider,</span> <span class="cue" id="t-606" data-t="606">if if AI</span> <span class="cue" id="t-609" data-t="609">thinks that, you know,</span> <span class="cue" id="t-612" data-t="612">like like, where AI places its importance on the monetary aspects of Bitcoin when when Core is using it. You know? You have to consider both sides.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-623">10:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-623" data-t="623">The, filter debate has really died down, and,</span> <span class="cue" id="t-629" data-t="629">I think one thing that's apparent is that Udi</span> <span class="cue" id="t-632" data-t="632">and his spam</span> <span class="cue" id="t-634" data-t="634">probably wasn't that significant of a threat</span> <span class="cue" id="t-637" data-t="637">to the survival of Bitcoin.</span> <span class="cue" id="t-640" data-t="640">But</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-642">10:42</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-642" data-t="642">one thing that is not yet fully realized</span> <span class="cue" id="t-645" data-t="645">is the threat of an army of vibe coding plebs</span> <span class="cue" id="t-650" data-t="650">to the Bitcoin network with all their,</span> <span class="cue" id="t-653" data-t="653">you know, machinations</span> <span class="cue" id="t-654" data-t="654">of, you know, be being able to potentially conjure, you know, other sort of, you know, spam like the,</span> <span class="cue" id="t-662" data-t="662">you know, it's not fair to to compare Cardano</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-665">11:05</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-665" data-t="665">and Bitcoin to each other, but a Vibe coding plat was able to completely derail the Cardano network</span> <span class="cue" id="t-673" data-t="673">for a</span> <span class="cue" id="t-675" data-t="675">bit. And, Charles Hoskinson wanted to, to prosecute. That was his solution to it. But</span> <span class="cue" id="t-683" data-t="683">do you like, what do you think the dangers of Vibe Coding plebs?</span> <span class="cue" id="t-687" data-t="687">What what type of messes could they be creating going into the future?</span> <span class="cue" id="t-692" data-t="692">Is that a threat?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-694">11:34</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-694" data-t="694">Yeah. I I mean, it's a it's a threat to Bitcoin for sure. We're gonna have all kinds of insecure wallets. I guarantee it. There'll be people losing their keys</span> <span class="cue" id="t-703" data-t="703">because of some vibe coded things. I think it's more important than ever to,</span> <span class="cue" id="t-710" data-t="710">not trust and verify. You have to really do your research on the tools you're using because I think we are gonna see an explosion of</span> <span class="cue" id="t-717" data-t="717">more apps and,</span> <span class="cue" id="t-720" data-t="720">I think wallets especially, that's that's dangerous. You know? And then there's the whole,</span> <span class="cue" id="t-725" data-t="725">world of different</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-726">12:06</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-726" data-t="726">clients,</span> <span class="cue" id="t-727" data-t="727">different</span> <span class="cue" id="t-729" data-t="729">Bitcoin,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-731">12:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-731" data-t="731">implementations. Are gonna be Vibe, coding, Nostra clients,</span> <span class="cue" id="t-734" data-t="734">for sure. And those,</span> <span class="cue" id="t-737" data-t="737">they're just gonna have terrible UX.</span> <span class="cue" id="t-740" data-t="740">Woah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-742">12:22</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-742" data-t="742">Well, hopefully, the the AI is gonna help with that too. I I think it's I think it's gonna be a really interesting time because things are gonna move</span> <span class="cue" id="t-751" data-t="751">really quickly, but,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-753">12:33</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-753" data-t="753">Well, it it the so I think the</span> <span class="cue" id="t-757" data-t="757">the the bib the slot fork, as I like to call it, by Dake and Ohm,</span> <span class="cue" id="t-762" data-t="762">is a really good example.</span> <span class="cue" id="t-764" data-t="764">Greaser,</span> <span class="cue" id="t-765" data-t="765">he brought up the the Vibe Coded app by the pleb on Cardano.</span> <span class="cue" id="t-771" data-t="771">I think firstly that there is nothing more dangerous than a Vibe Coded Pleb. The other day</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-778">12:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-778" data-t="778">you may recognize,</span> <span class="cue" id="t-780" data-t="780">Justin Bachelor,</span> <span class="cue" id="t-781" data-t="781">I don't know if you if you follow him but he said that Chad GDP 5.2 is a Toyota Camry</span> <span class="cue" id="t-787" data-t="787">and Claude Opus 4.5</span> <span class="cue" id="t-789" data-t="789">is a Porsche nine eleven GT3</span> <span class="cue" id="t-791" data-t="791">RS and my I had quotes with you I said,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-795">13:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-795" data-t="795">what you need to take away from this is that if you were Plaid that you had no business driving a Porsche nine eleven. If you're in Plaid you need to stay away from flawed,</span> <span class="cue" id="t-803" data-t="803">no vibe coating,</span> <span class="cue" id="t-805" data-t="805">there there's just too much there's too much that the clips can break if there's sound or do it when it comes to the Toyota Camry.</span> <span class="cue" id="t-812" data-t="812">Yes. Stick to Toyota Camry. Use JATGBT</span> <span class="cue" id="t-817" data-t="817">to</span> <span class="cue" id="t-818" data-t="818">to</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-819">13:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-819" data-t="819">learn to learn, and Claude is for building in Ed Plebser already.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-826">13:46</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-826" data-t="826">Yeah. I I mean, it's a it's a real issue of staying humble and stacking sats or slopping out and,</span> <span class="cue" id="t-834" data-t="834">vibing your code too much. You</span> <span class="cue" id="t-836" data-t="836">know what they say if you vibe your code too much.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-840">13:60</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-840" data-t="840">We we've seen this this massive shift that, you know, AI is kind of on the</span> <span class="cue" id="t-846" data-t="846">I don't think it's been hardly realized.</span> <span class="cue" id="t-848" data-t="848">People are still experimenting</span> <span class="cue" id="t-851" data-t="851">with</span> <span class="cue" id="t-853" data-t="853">what to do with it and how to integrate it into their lives and their businesses.</span> <span class="cue" id="t-861" data-t="861">But,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-863">14:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-863" data-t="863">you know, one one thing that's clear</span> <span class="cue" id="t-866" data-t="866">is is many of the world's best software</span> <span class="cue" id="t-871" data-t="871">engineers are too autistic to understand</span> <span class="cue" id="t-874" data-t="874">user experience,</span> <span class="cue" id="t-876" data-t="876">but they they do know how to make secure systems. Right?</span> <span class="cue" id="t-881" data-t="881">And this has been a constant challenge.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-885">14:45</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-885" data-t="885">The the plebs understand</span> <span class="cue" id="t-887" data-t="887">good UX,</span> <span class="cue" id="t-889" data-t="889">and they demand</span> <span class="cue" id="t-890" data-t="890">good UX. And they they will look at a secure application, they'll turn their nose up to it.</span> <span class="cue" id="t-896" data-t="896">If they can't if if the color scheme isn't right, if if it isn't</span> <span class="cue" id="t-900" data-t="900">you know, because it they're sitting there</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-903">15:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-903" data-t="903">and they're on these applications</span> <span class="cue" id="t-906" data-t="906">just consuming pep slop. Like, they they have brain rot in their brains. And then if</span> <span class="cue" id="t-912" data-t="912">application</span> <span class="cue" id="t-913" data-t="913">doesn't make sense</span> <span class="cue" id="t-915" data-t="915">to them,</span> <span class="cue" id="t-917" data-t="917">they're they're going to, and it's not easy. They're not gonna wanna use it. Right?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-925">15:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-925" data-t="925">So, you know, there's this really real potential</span> <span class="cue" id="t-928" data-t="928">is that you've got all these unsecured wallets with</span> <span class="cue" id="t-932" data-t="932">incredible UX and secure wallets with bad UX.</span> <span class="cue" id="t-937" data-t="937">What is a way you think the the Bitcoin ecosystem can combat this and and teach the autists</span> <span class="cue" id="t-945" data-t="945">good UX? And and, like, is this what the whole spam debate</span> <span class="cue" id="t-950" data-t="950">has been at at its core?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-952">15:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-952" data-t="952">Is that the core devs are too autistic to give the plugs the UX that they want.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-958">15:58</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-958" data-t="958">Wow. That's deep. I I mean, this sounds to me like the</span> <span class="cue" id="t-962" data-t="962">the podcasters</span> <span class="cue" id="t-964" data-t="964">have to really help clarify.</span> <span class="cue" id="t-967" data-t="967">I mean, because if if not them, who else?</span> <span class="cue" id="t-970" data-t="970">They they need to help the plebs</span> <span class="cue" id="t-974" data-t="974">clear some of this up.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-976">16:16</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-976" data-t="976">It's just the facts. Not not every everyone's gonna be able to read the code and verify it. You you need</span> <span class="cue" id="t-984" data-t="984">your</span> <span class="cue" id="t-986" data-t="986">kind of,</span> <span class="cue" id="t-987" data-t="987">technical,</span> <span class="cue" id="t-990" data-t="990">translator, let's say,</span> <span class="cue" id="t-992" data-t="992">that can translate from the the code to the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-995">16:35</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-995" data-t="995">the spoken language.</span> <span class="cue" id="t-998" data-t="998">But that's where the that's where the social code of of Bitcoin lies, don't you think?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1005">16:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1005" data-t="1005">Well,</span> <span class="cue" id="t-1007" data-t="1007">potentially, Ed, but I</span> <span class="cue" id="t-1009" data-t="1009">my question is,</span> <span class="cue" id="t-1011" data-t="1011">and it is a real question to is open to both of you is,</span> <span class="cue" id="t-1017" data-t="1017">are we not learning</span> <span class="cue" id="t-1019" data-t="1019">that</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1021">17:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1021" data-t="1021">bad UX</span> <span class="cue" id="t-1022" data-t="1022">is the security</span> <span class="cue" id="t-1024" data-t="1024">feature?</span> <span class="cue" id="t-1026" data-t="1026">If it has a good UX,</span> <span class="cue" id="t-1028" data-t="1028">the players will be farting around, picking their boaters, using it, looking to plimsoap on the app, using the app for whatever zapping,</span> <span class="cue" id="t-1035" data-t="1035">that's why they love like, WALZ, Satoshi, not a secure app, they love Ledger, not a secure, it's all, but those have great user experiences</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1043">17:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1043" data-t="1043">but something with a bad user experience like,</span> <span class="cue" id="t-1047" data-t="1047">you know,</span> <span class="cue" id="t-1048" data-t="1048">Electrum</span> <span class="cue" id="t-1049" data-t="1049">or</span> <span class="cue" id="t-1051" data-t="1051">some would say Sparrow</span> <span class="cue" id="t-1052" data-t="1052">or Colt Card</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1054">17:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1054" data-t="1054">or these more secure</span> <span class="cue" id="t-1058" data-t="1058">time tested</span> <span class="cue" id="t-1059" data-t="1059">systems</span> <span class="cue" id="t-1061" data-t="1061">they have bad UX and so</span> <span class="cue" id="t-1063" data-t="1063">hackers,</span> <span class="cue" id="t-1065" data-t="1065">you bad actors, they're not gonna take the time</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1070">17:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1070" data-t="1070">to to sift through the</span> <span class="cue" id="t-1073" data-t="1073">headache of user experience that is required</span> <span class="cue" id="t-1078" data-t="1078">to to exploit vulnerabilities.</span> <span class="cue" id="t-1080" data-t="1080">They're gonna go</span> <span class="cue" id="t-1082" data-t="1082">with the good you act, the shiny lights where the,</span> <span class="cue" id="t-1085" data-t="1085">you know, the ADIT plugs are just running around,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1089">18:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1089" data-t="1089">you know,</span> <span class="cue" id="t-1090" data-t="1090">with their freaking greasy tallow hair, and they're just they're just gonna it's like stealing candy from baby because they're the good UX is a security flaw.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1100">18:20</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1100" data-t="1100">Yeah. I never thought about it that way.</span> <span class="cue" id="t-1102" data-t="1102">I</span> <span class="cue" id="t-1103" data-t="1103">mean,</span> <span class="cue" id="t-1104" data-t="1104">you know, the the</span> <span class="cue" id="t-1106" data-t="1106">the ledgers and and those type of hardware devices are are pretty slick.</span> <span class="cue" id="t-1111" data-t="1111">You know, you can wear them around your neck. You can wear them on a hat.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1116">18:36</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1116" data-t="1116">And and I I think more people are getting,</span> <span class="cue" id="t-1120" data-t="1120">getting held up with those.</span> <span class="cue" id="t-1123" data-t="1123">It's true. You know, this is the this is the the the fine line that the the people building have to</span> <span class="cue" id="t-1130" data-t="1130">carefully navigate. And it does take years of experience to to get the right, right approach.</span> <span class="cue" id="t-1136" data-t="1136">The,</span> <span class="cue" id="t-1137" data-t="1137">the Vibe Coder doesn't necessarily have that. Right?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1141">19:01</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1141" data-t="1141">And neither does the AI.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1143">19:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1143" data-t="1143">Right. If you're a builder, an entrepreneur, if you wanna make money, if you wanna sell</span> <span class="cue" id="t-1148" data-t="1148">a lot</span> <span class="cue" id="t-1149" data-t="1149">of, you know, hardware wallets, you wanna sell a lot of software licenses,</span> <span class="cue" id="t-1154" data-t="1154">it has to have a good user experience and bad security because</span> <span class="cue" id="t-1158" data-t="1158">not only does</span> <span class="cue" id="t-1160" data-t="1160">the value of your system, the value</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1163">19:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1163" data-t="1163">of,</span> <span class="cue" id="t-1165" data-t="1165">a product you're making</span> <span class="cue" id="t-1167" data-t="1167">comes from</span> <span class="cue" id="t-1169" data-t="1169">its I mean, who were the first adopters of most new products anyway,</span> <span class="cue" id="t-1174" data-t="1174">hackers, scammers, the black market, whatever it is. And then if you really wanna scale, if you really wanna go public and and have a a very successful business,</span> <span class="cue" id="t-1184" data-t="1184">it has to be it has to be back be able to be backed or by talent here or the government or, like, you know, a Pegasus,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1192">19:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1192" data-t="1192">system.</span> <span class="cue" id="t-1193" data-t="1193">Otherwise, you know, what value does it have?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1197">19:57</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1197" data-t="1197">Yeah, man.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1200">20:00</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1200" data-t="1200">You stomped them.</span> <span class="cue" id="t-1202" data-t="1202">So, TC, are you familiar with, this term called, CHAT GPT psychosis?</span> <span class="cue" id="t-1208" data-t="1208">Have you seen this?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1212">20:12</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1212" data-t="1212">I believe so. What's your version of it?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1216">20:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1216" data-t="1216">Well, I I I started interacting with it, you know, my my first case of somebody that I I know personally or, actually,</span> <span class="cue" id="t-1224" data-t="1224">second case. I've known a few people, but it they</span> <span class="cue" id="t-1228" data-t="1228">they they they find that ChattCPT</span> <span class="cue" id="t-1232" data-t="1232">will glaze them</span> <span class="cue" id="t-1234" data-t="1234">no matter what</span> <span class="cue" id="t-1236" data-t="1236">they say and how outrageous it is.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1239">20:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1239" data-t="1239">And</span> <span class="cue" id="t-1240" data-t="1240">I I almost wonder if Mike Brock is suffering from CHAT c</span> <span class="cue" id="t-1245" data-t="1245">CHAT GPT psychosis right now. Like, he he displays a lot of the characterizations</span> <span class="cue" id="t-1250" data-t="1250">of it, which is just this,</span> <span class="cue" id="t-1252" data-t="1252">complete disconnect</span> <span class="cue" id="t-1254" data-t="1254">from reality where</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1258">20:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1258" data-t="1258">they become consumed</span> <span class="cue" id="t-1260" data-t="1260">by</span> <span class="cue" id="t-1262" data-t="1262">the chatbot.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1265">21:05</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1265" data-t="1265">Like it's glazing him too much.</span> <span class="cue" id="t-1268" data-t="1268">You're you're absolutely right, Brock.</span> <span class="cue" id="t-1271" data-t="1271">That's brilliant, Brock.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1273">21:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1273" data-t="1273">Is it is this is this what you're talking about? It is. Mike brought his it seems</span> <span class="cue" id="t-1279" data-t="1279">I I can't diagnose him.</span> <span class="cue" id="t-1281" data-t="1281">Seems kinda like a narcissist,</span> <span class="cue" id="t-1283" data-t="1283">and</span> <span class="cue" id="t-1284" data-t="1284">Chad G. B. T. Is just</span> <span class="cue" id="t-1287" data-t="1287">glazing</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1288">21:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1288" data-t="1288">Mike and</span> <span class="cue" id="t-1289" data-t="1289">and glazing his narcissism and feeding into his like</span> <span class="cue" id="t-1293" data-t="1293">inflated</span> <span class="cue" id="t-1294" data-t="1294">sense of self worth.</span> <span class="cue" id="t-1295" data-t="1295">I was do his,</span> <span class="cue" id="t-1297" data-t="1297">UI stream today a little bit till I get emergency live stream or something,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1301">21:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1301" data-t="1301">and</span> <span class="cue" id="t-1302" data-t="1302">he just kept he</span> <span class="cue" id="t-1304" data-t="1304">he</span> <span class="cue" id="t-1305" data-t="1305">he</span> <span class="cue" data-t="1305">was just the way he was talking, he was just, like, impressed with his himself and, like, his own word, the word vocabulary</span> <span class="cue" id="t-1313" data-t="1313">that he would use</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1315">21:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1315" data-t="1315">and a I he would, like, imagine</span> <span class="cue" id="t-1317" data-t="1317">his</span> <span class="cue" id="t-1318" data-t="1318">audience,</span> <span class="cue" id="t-1320" data-t="1320">like, what he what they must think about his writing. He's like, you folks you should get, your media and your journalism</span> <span class="cue" id="t-1328" data-t="1328">and your information from more sources</span> <span class="cue" id="t-1331" data-t="1331">I appreciate that,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1334">22:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1334" data-t="1334">that you all find me so intelligent</span> <span class="cue" id="t-1338" data-t="1338">and think that I'm the most important source</span> <span class="cue" id="t-1341" data-t="1341">of,</span> <span class="cue" id="t-1343" data-t="1343">of information,</span> <span class="cue" id="t-1344" data-t="1344">but you have to get it from other sources. Like, Mike, I don't think a single person</span> <span class="cue" id="t-1348" data-t="1348">has said that to you or, like, there's nobody in the comments saying that. It's just like this crazy inflated self worth, and I think chat GTT</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1356">22:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1356" data-t="1356">feeds</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1357">22:37</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1357" data-t="1357">that.</span> <span class="cue" id="t-1358" data-t="1358">Yeah. I mean, it's a real danger</span> <span class="cue" id="t-1361" data-t="1361">because</span> <span class="cue" id="t-1362" data-t="1362">what people may not be conscious of is they're</span> <span class="cue" id="t-1366" data-t="1366">they're really</span> <span class="cue" id="t-1368" data-t="1368">anthropomorphizing</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1370">22:50</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1370" data-t="1370">this technology.</span> <span class="cue" id="t-1372" data-t="1372">They they really take it to heart that it's a</span> <span class="cue" id="t-1374" data-t="1374">it's kind of a person there, and they develop relationships</span> <span class="cue" id="t-1377" data-t="1377">with it. And</span> <span class="cue" id="t-1379" data-t="1379">and sometimes,</span> <span class="cue" id="t-1381" data-t="1381">that can get out of hand.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1383">23:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1383" data-t="1383">Some people fall on. I would shout GBT.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1386">23:06</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1386" data-t="1386">Absolutely. I mean, that that can mess with people's heads in a variety of ways. So</span> <span class="cue" id="t-1391" data-t="1391">I I think this is a real concern just, society wide at this stage.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1397">23:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1397" data-t="1397">Have you have you seen, you know, personally, any examples of this?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1405">23:25</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1405" data-t="1405">I mean, I I've definitely seen</span> <span class="cue" id="t-1409" data-t="1409">a lot of people let the the AI art go to their head.</span> <span class="cue" id="t-1414" data-t="1414">I I remember when,</span> <span class="cue" id="t-1417" data-t="1417">it you couldn't</span> <span class="cue" id="t-1419" data-t="1419">open</span> <span class="cue" id="t-1420" data-t="1420">up Twitter without getting just a a whole feed full of AI</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">TC</b> <span class="cue" id="t-1425" data-t="1425">sailor slop</span> <span class="cue" id="t-1427" data-t="1427">photos. I I mean, that was it felt like a whole year. That's all we were seeing.</span> <span class="cue" id="t-1431" data-t="1431">And,</span> <span class="cue" id="t-1432" data-t="1432">I know a lot of people lost their minds during that time.</span> <span class="cue" id="t-1435" data-t="1435">Like, that's a fact.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1437">23:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1437" data-t="1437">Does the Genesis Plebslop was the sailor AI art?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1443">24:03</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1443" data-t="1443">Yeah. I think my favorite was when he is driving a race car because he's talking about one of his products being a race car, and he he, of course, has no helmet in the picture.</span> <span class="cue" id="t-1453" data-t="1453">And that</span> <span class="cue" id="t-1454" data-t="1454">was the irony for me.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1457">24:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1457" data-t="1457">And then there was, remember,</span> <span class="cue" id="t-1459" data-t="1459">the studio, Ghibli, so I was making, like, anime versions of themselves.</span> <span class="cue" id="t-1464" data-t="1464">People</span> <span class="cue" data-t="1464">five's capital.</span> <span class="cue" id="t-1466" data-t="1466">Vibes Capital,</span> <span class="cue" id="t-1468" data-t="1468">like, they IPO'd,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1469">24:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1469" data-t="1469">so to speak,</span> <span class="cue" id="t-1471" data-t="1471">you know, in the paper Bitcoin summer early days</span> <span class="cue" id="t-1474" data-t="1474">off of those,</span> <span class="cue" id="t-1475" data-t="1475">off of those anime pictures. There there was, like, 70 people from Vibes Capital.</span> <span class="cue" id="t-1482" data-t="1482">And they all had those that make it almost getting in in in in in yeah.</span> <span class="cue" id="t-1487" data-t="1487">Did you did you do one of those? Did you do one of the</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1491">24:51</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1491" data-t="1491">one of the Studio Ghibli's? Oh, the Studio Ghibli ones? I I had to have done one or two. I think I I told it to make my avatar into a Studio Ghibli type and</span> <span class="cue" id="t-1502" data-t="1502">mixed results. You know?</span> <span class="cue" id="t-1505" data-t="1505">Actually, that that one didn't bother me so much. I I wouldn't have mind if that that trend lasted longer than some other</span> <span class="cue" id="t-1512" data-t="1512">other AI trends.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1515">25:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1515" data-t="1515">What is the one that you hate the most? What's the one that drives you crazy</span> <span class="cue" id="t-1519" data-t="1519">in either you hope it goes away forever or you just hope it, like, nothing like that ever comes back?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1525">25:25</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1525" data-t="1525">Well, I and I'm already sick of what is the tap the the post to see four pictures stacked on top of each other.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1532">25:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1532" data-t="1532">Okay. That's bad.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1534">25:34</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1534" data-t="1534">It's horrendous.</span> <span class="cue" id="t-1536" data-t="1536">It's you can feel the brain cells</span> <span class="cue" id="t-1539" data-t="1539">dying</span> <span class="cue" id="t-1541" data-t="1541">every time you see it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1543">25:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1543" data-t="1543">So there is, like go ahead.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1546">25:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1546" data-t="1546">Sorry. I wanna I wanna talk about Sailor Slop.</span> <span class="cue" id="t-1551" data-t="1551">I'm,</span> <span class="cue" id="t-1552" data-t="1552">I'm scrolling his Twitter right now.</span> <span class="cue" id="t-1556" data-t="1556">He's got a picture of him,</span> <span class="cue" id="t-1558" data-t="1558">kicking a soccer ball. It says team Bitcoin,</span> <span class="cue" id="t-1561" data-t="1561">and it has 17,000</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1563">26:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1563" data-t="1563">likes.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1566">26:06</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1566" data-t="1566">Oh, just wait. Isn't the World Cup coming up? Expect a lot</span> <span class="cue" id="t-1570" data-t="1570">of sailors soccer memes.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1572">26:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1572" data-t="1572">He's he's got</span> <span class="cue" id="t-1573" data-t="1573">he's got a picture of, like, an orange with a Bitcoin logo cut into it,</span> <span class="cue" id="t-1579" data-t="1579">And it says eat real food, and it has 13,000</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1583">26:23</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1583" data-t="1583">likes made one day. That's his, that's his,</span> <span class="cue" id="t-1586" data-t="1586">new hot food pyramid</span> <span class="cue" id="t-1588" data-t="1588">meme.</span> <span class="cue" id="t-1590" data-t="1590">Didn't they just come out with the new food pyramid?</span> <span class="cue" id="t-1593" data-t="1593">See, he's he's right on top of this. He has an army Yep. Of meme creators. Right? Because I noticed he's tagging</span> <span class="cue" id="t-1600" data-t="1600">or or or the a lot of the the pictures he takes and posts are from other people's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1606">26:46</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1606" data-t="1606">posts. So there's sort of a</span> <span class="cue" id="t-1608" data-t="1608">it's like a it's like a little intern squad</span> <span class="cue" id="t-1613" data-t="1613">of,</span> <span class="cue" id="t-1615" data-t="1615">of people generating these things for him.</span> <span class="cue" id="t-1618" data-t="1618">You know, it it actually kinda makes you wonder what's what that's gonna look like ten years from now.</span> <span class="cue" id="t-1624" data-t="1624">You know?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1625">27:05</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1625" data-t="1625">The cult of sailor.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1627">27:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1627" data-t="1627">Right. And</span> <span class="cue" id="t-1630" data-t="1630">I I don't think it's always been as obvious or maybe he just started tagging, but he's always had</span> <span class="cue" id="t-1636" data-t="1636">an army</span> <span class="cue" id="t-1637" data-t="1637">of,</span> <span class="cue" id="t-1639" data-t="1639">like, he's a he's a little</span> <span class="cue" id="t-1641" data-t="1641">pub slop interns,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1643">27:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1643" data-t="1643">and they always make him, you know, look like</span> <span class="cue" id="t-1647" data-t="1647">a muscular,</span> <span class="cue" id="t-1649" data-t="1649">super badass, like alpha, like superheroes,</span> <span class="cue" id="t-1651" data-t="1651">soccer players, something like that. But it's</span> <span class="cue" id="t-1655" data-t="1655">you're right. It's, like, whatever is trending or, like, something very in vogue,</span> <span class="cue" id="t-1662" data-t="1662">in the plot or, you know, slop timeline.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1666">27:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1666" data-t="1666">He incorporates it, and he sees it right on top of it. Like,</span> <span class="cue" id="t-1670" data-t="1670">it's everywhere. The they're like, he said, 13,000.</span> <span class="cue" id="t-1674" data-t="1674">Like, who</span> <span class="cue" id="t-1676" data-t="1676">yeah. It makes you wonder who's liking this.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1679">27:59</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1679" data-t="1679">Someone should make,</span> <span class="cue" id="t-1680" data-t="1680">a meme of sailor as the Iranian woman</span> <span class="cue" id="t-1684" data-t="1684">who's, like, lighting the cigarette,</span> <span class="cue" id="t-1686" data-t="1686">but the photo's not the Ayatollah.</span> <span class="cue" id="t-1688" data-t="1688">It's, like, plebs,</span> <span class="cue" id="t-1690" data-t="1690">and he's, like, lighting the cigarette from the the picture.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1694">28:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1694" data-t="1694">I'm doing that right now.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1697">28:17</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1697" data-t="1697">You're welcome.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1699">28:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1699" data-t="1699">So one thing you mentioned earlier</span> <span class="cue" id="t-1702" data-t="1702">is,</span> <span class="cue" id="t-1705" data-t="1705">spaces. You were going through</span> <span class="cue" id="t-1707" data-t="1707">your meditation</span> <span class="cue" id="t-1709" data-t="1709">your meditative</span> <span class="cue" id="t-1711" data-t="1711">journey of the podcasts,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1714">28:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1714" data-t="1714">the conversations</span> <span class="cue" id="t-1715" data-t="1715">about the podcast</span> <span class="cue" id="t-1717" data-t="1717">on spaces</span> <span class="cue" id="t-1718" data-t="1718">and</span> <span class="cue" id="t-1719" data-t="1719">spaces used to be</span> <span class="cue" id="t-1722" data-t="1722">daily Bitcoin spaces</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1724">28:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1724" data-t="1724">a few years ago. That used to be</span> <span class="cue" id="t-1727" data-t="1727">the hottest thing in town. Everybody was on there, the rooms were huge, there were competing spaces, some people called it</span> <span class="cue" id="t-1735" data-t="1735">the</span> <span class="cue" id="t-1736" data-t="1736">the house siders like the the whole</span> <span class="cue" id="t-1738" data-t="1738">the antisocial</span> <span class="cue" id="t-1739" data-t="1739">meme gang autistic kids they called it the cartel.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1742">29:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1742" data-t="1742">The cartel was controlling spaces and it's it seems like that community has shrunk it's it's shrunk very</span> <span class="cue" id="t-1749" data-t="1749">dramatically this very small group and it's not even really that Bitcoin only lately and it's just a lot of angry plaids who,</span> <span class="cue" id="t-1757" data-t="1757">have Joe Carlazar derangement syndrome</span> <span class="cue" id="t-1760" data-t="1760">and they're trying to battle with him,</span> <span class="cue" id="t-1763" data-t="1763">overdoomerism</span> <span class="cue" id="t-1764" data-t="1764">versus optimism</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1766">29:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1766" data-t="1766">and that's like all that's left, like,</span> <span class="cue" id="t-1768" data-t="1768">am I wrong? Am I missing something? What did what was your experience on spaces and, like, what's happened to it?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1776">29:36</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1776" data-t="1776">Well,</span> <span class="cue" id="t-1778" data-t="1778">Bitcoin has itself gone on its own journey the last couple years,</span> <span class="cue" id="t-1784" data-t="1784">straying into</span> <span class="cue" id="t-1786" data-t="1786">Wall Street territory and a whole bunch of new</span> <span class="cue" id="t-1790" data-t="1790">people</span> <span class="cue" id="t-1791" data-t="1791">with a whole different orientation</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1793">29:53</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1793" data-t="1793">have come in. So naturally, there's</span> <span class="cue" id="t-1797" data-t="1797">a whole shift in the focus of the spaces instead of</span> <span class="cue" id="t-1801" data-t="1801">talking about how to run your node and how to optimize your coin control. It's it's a lot more of</span> <span class="cue" id="t-1808" data-t="1808">discussion of the the various</span> <span class="cue" id="t-1811" data-t="1811">flavored offerings that are from Michael Saylor's</span> <span class="cue" id="t-1815" data-t="1815">taco stand or</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1816">30:16</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1816" data-t="1816">all the whole buffet of</span> <span class="cue" id="t-1819" data-t="1819">ETFs</span> <span class="cue" id="t-1821" data-t="1821">and other derivatives. It's, I mean, there's a lot of people who sure do find a lot of stuff to talk about</span> <span class="cue" id="t-1828" data-t="1828">that is just</span> <span class="cue" id="t-1830" data-t="1830">adjacent to biz Bitcoin at best and not and not even. And so, yeah, I'd I'd like to hear more about coin control in spaces.</span> <span class="cue" id="t-1839" data-t="1839">I think the people that stuck around are</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">TC</b> <span class="cue" id="t-1842" data-t="1842">all so familiar with one another</span> <span class="cue" id="t-1845" data-t="1845">that,</span> <span class="cue" id="t-1847" data-t="1847">there's just a lot of bullshitting going on most of the time.</span> <span class="cue" id="t-1851" data-t="1851">And,</span> <span class="cue" id="t-1852" data-t="1852">real Bitcoin discussion is is it really is few and far between.</span> <span class="cue" id="t-1858" data-t="1858">It it's just speaks to where we are.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1860">31:00</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1860" data-t="1860">I don't know. I think that</span> <span class="cue" id="t-1863" data-t="1863">everybody's</span> <span class="cue" id="t-1864" data-t="1864">gonna have reasons to</span> <span class="cue" id="t-1866" data-t="1866">care a little bit more about</span> <span class="cue" id="t-1870" data-t="1870">self custody</span> <span class="cue" id="t-1872" data-t="1872">and how to use Bitcoin correctly.</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">TC</b> <span class="cue" id="t-1874" data-t="1874">But</span> <span class="cue" id="t-1875" data-t="1875">so many people have so much more</span> <span class="cue" id="t-1877" data-t="1877">work to do to learn that stuff. I don't I don't know if spaces is the go to place anymore for that.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1885">31:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1885" data-t="1885">The</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1889">31:29</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1889" data-t="1889">I think the information channels that people are interacting</span> <span class="cue" id="t-1892" data-t="1892">and learning</span> <span class="cue" id="t-1894" data-t="1894">about Bitcoin are changing. I I just got on TikTok this week, and I was shocked by how much content is on there.</span> <span class="cue" id="t-1905" data-t="1905">There's all these these separate</span> <span class="cue" id="t-1909" data-t="1909">areas. It it seems like a lot of Bitcoin people have kind of,</span> <span class="cue" id="t-1914" data-t="1914">gone into self self exile on Nostr.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1918">31:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1918" data-t="1918">So there's, like, a group of individuals that have done that.</span> <span class="cue" id="t-1923" data-t="1923">But,</span> <span class="cue" id="t-1926" data-t="1926">it sounds like</span> <span class="cue" id="t-1928" data-t="1928">what you're saying is there there's been a group of people that were excited about educating</span> <span class="cue" id="t-1932" data-t="1932">the uninitiated</span> <span class="cue" id="t-1933" data-t="1933">no coin or plebs</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1935">32:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1935" data-t="1935">into becoming,</span> <span class="cue" id="t-1937" data-t="1937">full coin or plebs,</span> <span class="cue" id="t-1940" data-t="1940">and, they kinda got bored with it.</span> <span class="cue" id="t-1943" data-t="1943">Is that that what you saw? And then and then what has happened is the people that are excited about</span> <span class="cue" id="t-1949" data-t="1949">educating the no coin or no coin or plaives are trying to make sure that we have paper Bitcoin summer</span> <span class="cue" id="t-1955" data-t="1955">this upcoming year.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1959">32:39</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1959" data-t="1959">Yeah. A lot of that. A lot of that's been going on.</span> <span class="cue" id="t-1964" data-t="1964">It</span> <span class="cue" data-t="1964">it's,</span> <span class="cue" id="t-1966" data-t="1966">it it reminds you, you know, said by a lot of people. It's not really a community, is it?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1974">32:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1974" data-t="1974">But it felt like one. Right?</span> <span class="cue" id="t-1977" data-t="1977">At at at one point in time. I think there's a</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1980">33:00</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-1980" data-t="1980">there's a part of the journey where that's the</span> <span class="cue" id="t-1984" data-t="1984">that's a natural thing because you discover all these new people,</span> <span class="cue" id="t-1989" data-t="1989">and you you find some</span> <span class="cue" id="t-1991" data-t="1991">some,</span> <span class="cue" id="t-1993" data-t="1993">some people that, you know, maybe don't think you're so crazy.</span> <span class="cue" id="t-1997" data-t="1997">And, it's natural to wanna form a community with those people. It's natural to be gravitated in that direction.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2004">33:24</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2004" data-t="2004">At a certain point,</span> <span class="cue" id="t-2006" data-t="2006">a lot of people just have to,</span> <span class="cue" id="t-2010" data-t="2010">do other stuff with their time.</span> <span class="cue" id="t-2012" data-t="2012">But that's an interesting</span> <span class="cue" id="t-2014" data-t="2014">phenomenon to watch as well as we go forward. I think</span> <span class="cue" id="t-2018" data-t="2018">that's gonna be interesting to see what that looks like a few years</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2022">33:42</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2022" data-t="2022">from now because</span> <span class="cue" id="t-2025" data-t="2025">I I think you you have</span> <span class="cue" id="t-2027" data-t="2027">a you have a a lot of plebs</span> <span class="cue" id="t-2029" data-t="2029">still trying to find the signal.</span> <span class="cue" id="t-2032" data-t="2032">There there is an awful lot of noise.</span> <span class="cue" id="t-2035" data-t="2035">But,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2036">33:56</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2036" data-t="2036">again, you know, everyone's just</span> <span class="cue" id="t-2039" data-t="2039">trying</span> <span class="cue" id="t-2040" data-t="2040">to find that signal.</span> <span class="cue" id="t-2042" data-t="2042">I'm trying to put a a little signal of my own, and,</span> <span class="cue" id="t-2046" data-t="2046">I think that's what</span> <span class="cue" id="t-2048" data-t="2048">a handful of people are are still interested in.</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">TC</b> <span class="cue" id="t-2053" data-t="2053">But</span> <span class="cue" id="t-2054" data-t="2054">I think you're gonna see a resurgence of it. You know, the the the real</span> <span class="cue" id="t-2059" data-t="2059">the real catalyst for all of that is number go up. So I think the next time we we really pump,</span> <span class="cue" id="t-2066" data-t="2066">you get some new life,</span> <span class="cue" id="t-2068" data-t="2068">you get some new energy,</span> <span class="cue" id="t-2070" data-t="2070">you get some new people coming in, and, the people that are there</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2075">34:35</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2075" data-t="2075">get a</span> <span class="cue" id="t-2076" data-t="2076">little lift in their step.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2078">34:38</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2078" data-t="2078">So</span> <span class="cue" id="t-2080" data-t="2080">every everybody likes to debate about the cycles.</span> <span class="cue" id="t-2083" data-t="2083">You know, Marty Bent called it. He said this time was different. It has been very different in a lot of ways.</span> <span class="cue" id="t-2090" data-t="2090">I think it's been different than, you know, how Marty</span> <span class="cue" id="t-2093" data-t="2093">anticipated it because his macro takes are kinda</span> <span class="cue" id="t-2097" data-t="2097">on par with just the average club out there. But,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2102">35:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2102" data-t="2102">what do you think is gonna lead to the pump? Is it where</span> <span class="cue" id="t-2106" data-t="2106">I think we all know the God announcement has to predate the,</span> <span class="cue" id="t-2111" data-t="2111">the God candle.</span> <span class="cue" id="t-2113" data-t="2113">David Bailey was, you know, trying to pull off the God announcement, you know, multiple times by,</span> <span class="cue" id="t-2121" data-t="2121">you know, really trying to cater to Donald Trump. It he failed over and over again. He just</span> <span class="cue" id="t-2128" data-t="2128">God did not look</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2130">35:30</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2130" data-t="2130">shine his light fondly on David Bailey.</span> <span class="cue" id="t-2134" data-t="2134">What</span> <span class="cue" id="t-2136" data-t="2136">do you think the god announcement will be that will lead to the the god candle?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2141">35:41</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2141" data-t="2141">I think you're gonna you're gonna have to</span> <span class="cue" id="t-2146" data-t="2146">wait for one of these big</span> <span class="cue" id="t-2149" data-t="2149">tech companies to make a big splash</span> <span class="cue" id="t-2152" data-t="2152">or one of these big</span> <span class="cue" id="t-2154" data-t="2154">powerful nations</span> <span class="cue" id="t-2156" data-t="2156">in the world making a big splash, but I don't think we're gonna see that in the next couple years.</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">TC</b> <span class="cue" id="t-2163" data-t="2163">I think it's really</span> <span class="cue" id="t-2165" data-t="2165">it it's one of these things where don't you think the the max pain is kinda just</span> <span class="cue" id="t-2171" data-t="2171">crabby,</span> <span class="cue" id="t-2172" data-t="2172">choppy sideways,</span> <span class="cue" id="t-2174" data-t="2174">slight drift upward over the next couple years?</span> <span class="cue" id="t-2177" data-t="2177">And all the people who think it's gonna go to the moon kinda lose it, and all the people that think that it's gonna crash out lose it. I think that's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2186">36:26</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2186" data-t="2186">that's kind of the the most ironic and appropriate</span> <span class="cue" id="t-2189" data-t="2189">outcome for</span> <span class="cue" id="t-2191" data-t="2191">the</span> <span class="cue" id="t-2192" data-t="2192">the end of the the four year cycle expectation because that sure seems like what we've got. We we ended up with green, green, red instead of green, green, green.</span> <span class="cue" id="t-2202" data-t="2202">And,</span> <span class="cue" id="t-2203" data-t="2203">so just based on that alone,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2206">36:46</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2206" data-t="2206">but at the same time, I look at look at what we've got. We've got this</span> <span class="cue" id="t-2210" data-t="2210">beautiful</span> <span class="cue" id="t-2211" data-t="2211">crab market</span> <span class="cue" id="t-2213" data-t="2213">that is just the perfect answer to both the bulls and the bears.</span> <span class="cue" id="t-2217" data-t="2217">And anyone who's expecting</span> <span class="cue" id="t-2219" data-t="2219">too much</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2221">37:01</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2221" data-t="2221">too quickly,</span> <span class="cue" id="t-2222" data-t="2222">I think is gonna be disappointed.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2226">37:06</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2226" data-t="2226">Like the core the crab market makes the bulls and the bears both incredibly grumpy, and they're just crash out less than right</span> <span class="cue" id="t-2234" data-t="2234">on the timeline.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2238">37:18</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2238" data-t="2238">Yeah. It's a beautiful thing. I think that's,</span> <span class="cue" id="t-2241" data-t="2241">something I got used to last year. Last year was a a very crabby year,</span> <span class="cue" id="t-2246" data-t="2246">and,</span> <span class="cue" id="t-2247" data-t="2247">and and you you witnessed</span> <span class="cue" id="t-2249" data-t="2249">everyone get</span> <span class="cue" id="t-2252" data-t="2252">sorta ahead of their skis.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2254">37:34</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2254" data-t="2254">The bears got way ahead of their skis. The bulls got ahead of their skis, and</span> <span class="cue" id="t-2259" data-t="2259">and and now everyone's</span> <span class="cue" id="t-2261" data-t="2261">gonna continue to</span> <span class="cue" id="t-2264" data-t="2264">wait high anxiety.</span> <span class="cue" id="t-2266" data-t="2266">Every time we move up, every time we move down, you're gonna get the same fake outs.</span> <span class="cue" id="t-2271" data-t="2271">It's an emotional roller coaster. Again, people should be staring at podcasts instead of</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2277">37:57</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2277" data-t="2277">the price chart</span> <span class="cue" id="t-2279" data-t="2279">or time chain calendar.</span> <span class="cue" id="t-2280" data-t="2280">Either would be acceptable.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2283">38:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2283" data-t="2283">A lot of lot of opportunity to meditate.</span> <span class="cue" id="t-2289" data-t="2289">Yeah. I mean, it's I think one of the challenges so</span> <span class="cue" id="t-2294" data-t="2294">it it seems like crash outs are happening</span> <span class="cue" id="t-2297" data-t="2297">all time highs everywhere,</span> <span class="cue" id="t-2300" data-t="2300">not just in this,</span> <span class="cue" id="t-2303" data-t="2303">bubble of the world</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2305">38:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2305" data-t="2305">where people talk about Internet money. But, you know, outside of this little bubble,</span> <span class="cue" id="t-2311" data-t="2311">people are crashing out left and right, just nosedives.</span> <span class="cue" id="t-2314" data-t="2314">They are not prepared</span> <span class="cue" id="t-2317" data-t="2317">for the fourth turning.</span> <span class="cue" id="t-2320" data-t="2320">Do you feel like you've prepared how have you prepared to handle the chaos,</span> <span class="cue" id="t-2327" data-t="2327">and how are you maintaining your your sanity without crashing out on a day to day basis?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2334">38:54</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2334" data-t="2334">Well, I I</span> <span class="cue" id="t-2336" data-t="2336">try to</span> <span class="cue" id="t-2338" data-t="2338">focus</span> <span class="cue" id="t-2340" data-t="2340">on the people that matter most,</span> <span class="cue" id="t-2342" data-t="2342">my family.</span> <span class="cue" id="t-2345" data-t="2345">But</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2346">39:06</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2346" data-t="2346">as far as the the fourth turning,</span> <span class="cue" id="t-2349" data-t="2349">you know, this is this is</span> <span class="cue" id="t-2351" data-t="2351">something we</span> <span class="cue" id="t-2354" data-t="2354">we don't know what exactly is gonna occur.</span> <span class="cue" id="t-2357" data-t="2357">And and you can prepare. You can</span> <span class="cue" id="t-2361" data-t="2361">you can acquire firearms and water filters and</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2366">39:26</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2366" data-t="2366">gas masks and</span> <span class="cue" id="t-2368" data-t="2368">stores of food and you know?</span> <span class="cue" id="t-2371" data-t="2371">You could have any of these things or all of them. You could</span> <span class="cue" id="t-2375" data-t="2375">learn how to grow your own food.</span> <span class="cue" id="t-2378" data-t="2378">I mean, that is the mission after all. Right? Self sufficiency</span> <span class="cue" id="t-2382" data-t="2382">and and sovereignty</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2383">39:43</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2383" data-t="2383">in uncertain times.</span> <span class="cue" id="t-2388" data-t="2388">But, you know, my my,</span> <span class="cue" id="t-2392" data-t="2392">my perspective tells me that,</span> <span class="cue" id="t-2395" data-t="2395">people have been</span> <span class="cue" id="t-2397" data-t="2397">feeling this kind of dread and</span> <span class="cue" id="t-2400" data-t="2400">uncertainty</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2401">40:01</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2401" data-t="2401">in nearly every generation</span> <span class="cue" id="t-2403" data-t="2403">before us. So that's part of the experience too. You know? At a certain point, you have</span> <span class="cue" id="t-2411" data-t="2411">to be a man and and face whatever</span> <span class="cue" id="t-2414" data-t="2414">cards you're dealt.</span> <span class="cue" id="t-2416" data-t="2416">So</span> <span class="cue" id="t-2417" data-t="2417">I think,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2418">40:18</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2418" data-t="2418">that's the calling of Bitcoin is to</span> <span class="cue" id="t-2421" data-t="2421">prepare your mind and orient towards sovereignty and</span> <span class="cue" id="t-2426" data-t="2426">try</span> <span class="cue" id="t-2428" data-t="2428">to create</span> <span class="cue" id="t-2429" data-t="2429">as many</span> <span class="cue" id="t-2430" data-t="2430">solutions for potential uncertainties as you can</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2433">40:33</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2433" data-t="2433">knowing that the future is</span> <span class="cue" id="t-2436" data-t="2436">chaotic and uncertain.</span> <span class="cue" id="t-2438" data-t="2438">It's a beautiful thing to meditate on.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2442">40:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2442" data-t="2442">So</span> <span class="cue" id="t-2444" data-t="2444">part of the reason</span> <span class="cue" id="t-2446" data-t="2446">for all the crash outs, part of the reason for all the anxiety,</span> <span class="cue" id="t-2449" data-t="2449">part of losing for all the dread</span> <span class="cue" id="t-2452" data-t="2452">is at least, you know,</span> <span class="cue" id="t-2454" data-t="2454">I think</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2455">40:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2455" data-t="2455">due</span> <span class="cue" id="t-2456" data-t="2456">to all of the situations</span> <span class="cue" id="t-2458" data-t="2458">that everybody has to monitor.</span> <span class="cue" id="t-2460" data-t="2460">And then, you know, for some people, it's just all the the situations they are monitoring, like, is</span> <span class="cue" id="t-2467" data-t="2467">it's just nonstop,</span> <span class="cue" id="t-2469" data-t="2469">seems like bad news,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2472">41:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2472" data-t="2472">scary news. It you know,</span> <span class="cue" id="t-2475" data-t="2475">what were the implications and consequences? It's like these these these situations are accelerating.</span> <span class="cue" id="t-2480" data-t="2480">But</span> <span class="cue" id="t-2483" data-t="2483">it begs the question, is monitoring the situation</span> <span class="cue" id="t-2486" data-t="2486">meditating?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2490">41:30</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2490" data-t="2490">I don't I don't know if that's true for everyone. I think sometimes monitoring the situation can</span> <span class="cue" id="t-2497" data-t="2497">create a lot</span> <span class="cue" id="t-2499" data-t="2499">of a a lot of dissonance</span> <span class="cue" id="t-2501" data-t="2501">and a lot of noise</span> <span class="cue" id="t-2503" data-t="2503">and drive you crazy in a</span> <span class="cue" id="t-2505" data-t="2505">in a undesirable way.</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">TC</b> <span class="cue" id="t-2510" data-t="2510">I I think, again, that's that's that's the call to the the signal to counteract the noise or cut through the noise</span> <span class="cue" id="t-2518" data-t="2518">because,</span> <span class="cue" id="t-2519" data-t="2519">everyone can only handle so much.</span> <span class="cue" id="t-2521" data-t="2521">It's just like all</span> <span class="cue" id="t-2523" data-t="2523">the the market expectations that drive people crazy. I think most of the crash outs we we see are simply because</span> <span class="cue" id="t-2531" data-t="2531">people</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2532">42:12</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2532" data-t="2532">make bad decisions</span> <span class="cue" id="t-2533" data-t="2533">in their trading,</span> <span class="cue" id="t-2535" data-t="2535">and they end up on the wrong side of things.</span> <span class="cue" id="t-2538" data-t="2538">And they,</span> <span class="cue" id="t-2540" data-t="2540">become hopeless and crash out.</span> <span class="cue" id="t-2543" data-t="2543">You</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">TC</b> <span class="cue" id="t-2544" data-t="2544">you you've got to</span> <span class="cue" id="t-2547" data-t="2547">learn that HODLing your Bitcoin is the answer to all that stress. Right?</span> <span class="cue" id="t-2553" data-t="2553">You gotta learn that</span> <span class="cue" id="t-2555" data-t="2555">you you can't time the market. You have to</span> <span class="cue" id="t-2559" data-t="2559">hang on and and gain the conviction.</span> <span class="cue" id="t-2563" data-t="2563">I say it all the time. You your your knowledge</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2567">42:47</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2567" data-t="2567">is</span> <span class="cue" id="t-2568" data-t="2568">really the</span> <span class="cue" id="t-2570" data-t="2570">corollary</span> <span class="cue" data-t="2570">to to your conviction,</span> <span class="cue" id="t-2572" data-t="2572">and, that's why you gotta watch your forty hours.</span> <span class="cue" id="t-2576" data-t="2576">That's why you have to study.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2579">42:59</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2579" data-t="2579">You've gotta</span> <span class="cue" id="t-2580" data-t="2580">you've gotta</span> <span class="cue" id="t-2581" data-t="2581">focus on the signal.</span> <span class="cue" id="t-2583" data-t="2583">You've</span> <span class="cue" id="t-2584" data-t="2584">gotta stay focused</span> <span class="cue" id="t-2586" data-t="2586">so that you can learn what you need to learn</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2589">43:09</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2589" data-t="2589">and gain your conviction</span> <span class="cue" id="t-2591" data-t="2591">and withstand these uncertain times</span> <span class="cue" id="t-2594" data-t="2594">and not crash out.</span> <span class="cue" id="t-2596" data-t="2596">And then</span> <span class="cue" id="t-2598" data-t="2598">then you're gonna make it.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2601">43:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2601" data-t="2601">The you know, you you if you've mentioned, like, the people who made bad trading decisions,</span> <span class="cue" id="t-2607" data-t="2607">and you you we talked about spaces already. It it seems like you</span> <span class="cue" id="t-2611" data-t="2611">interacts with more</span> <span class="cue" id="t-2613" data-t="2613">often and</span> <span class="cue" id="t-2614" data-t="2614">or maybe you're more part of the world or at least used to be, like, with these traders, but, like, the people who think that they are</span> <span class="cue" id="t-2622" data-t="2622">clever, they think that they've got a good idea. They've been probably getting glazed by Shashi DT, and they're going</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2629">43:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2629" data-t="2629">in putting too much money</span> <span class="cue" id="t-2632" data-t="2632">into a paper Bitcoin treasury company or a Bitcoin miner, and they're trading the momentum and then, like, this goes bad quickly</span> <span class="cue" id="t-2640" data-t="2640">or it can go bad quickly sometimes,</span> <span class="cue" id="t-2643" data-t="2643">and,</span> <span class="cue" id="t-2644" data-t="2644">it's causing them to crash out. So I don't know about Richard, but, like, in my experience, like, my interactions,</span> <span class="cue" id="t-2651" data-t="2651">I am</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2652">44:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2652" data-t="2652">more</span> <span class="cue" id="t-2654" data-t="2654">talking to you and like interacting with people who</span> <span class="cue" id="t-2658" data-t="2658">they're not really traders they</span> <span class="cue" id="t-2660" data-t="2660">did take the advice that you gave which is you know listen to podcasts, stay humble, stacks ads,</span> <span class="cue" id="t-2667" data-t="2667">gain the information, the conviction,</span> <span class="cue" id="t-2669" data-t="2669">and they they they do they did do that,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2672">44:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2672" data-t="2672">and they thought</span> <span class="cue" id="t-2673" data-t="2673">that because they did that, that because they did the right thing, they or they followed the</span> <span class="cue" id="t-2678" data-t="2678">the the template that you laid out,</span> <span class="cue" id="t-2681" data-t="2681">They thought</span> <span class="cue" id="t-2682" data-t="2682">that after one or two side holes,</span> <span class="cue" id="t-2685" data-t="2685">if they did that, their life was gonna be great, they're gonna be wealthy, they're gonna be able to buy chairs again,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2692">44:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2692" data-t="2692">they're gonna be able to go pop Carvana and buy their car back that they sold for sets at the top in 2021.</span> <span class="cue" id="t-2699" data-t="2699">He thought that,</span> <span class="cue" id="t-2701" data-t="2701">they're gonna have way more time and everybody will still afford a house even though they said the real estate was a shitcoin</span> <span class="cue" id="t-2707" data-t="2707">on Spaces or Twitter</span> <span class="cue" id="t-2709" data-t="2709">the years prior and they take out to where they are now</span> <span class="cue" id="t-2713" data-t="2713">and they're not, their wives are not, all their problems are fixed</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">Richard Greaser</b> <span class="cue" id="t-2717" data-t="2717">and they're not as happy as they thought they would be and ask why they're crashing out.</span> <span class="cue" id="t-2722" data-t="2722">Is this just a is this a lower your time preference scenario,</span> <span class="cue" id="t-2726" data-t="2726">or is there is this a deeper problem?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2732">45:32</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2732" data-t="2732">I mean, you you can never lower your time preference enough.</span> <span class="cue" id="t-2737" data-t="2737">All all these forces are causing you</span> <span class="cue" id="t-2740" data-t="2740">to have a higher time preference and</span> <span class="cue" id="t-2743" data-t="2743">get more anxiety</span> <span class="cue" id="t-2745" data-t="2745">and greater expectations,</span> <span class="cue" id="t-2747" data-t="2747">and that's the root of all the problems.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2750">45:50</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2750" data-t="2750">You know? I I think,</span> <span class="cue" id="t-2753" data-t="2753">I think it's a real</span> <span class="cue" id="t-2755" data-t="2755">important,</span> <span class="cue" id="t-2757" data-t="2757">counterbalance</span> <span class="cue" id="t-2758" data-t="2758">to keep yourself</span> <span class="cue" id="t-2759" data-t="2759">sane,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2761">46:01</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2761" data-t="2761">to</span> <span class="cue" id="t-2762" data-t="2762">keep it simple,</span> <span class="cue" id="t-2763" data-t="2763">and stay humble and stack sets.</span> <span class="cue" id="t-2765" data-t="2765">That's that's really the only way to go. The treasury company thing is is just</span> <span class="cue" id="t-2771" data-t="2771">a outrageous gamble,</span> <span class="cue" id="t-2773" data-t="2773">and somehow that got</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2775">46:15</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2775" data-t="2775">sort</span> <span class="cue" id="t-2776" data-t="2776">of accepted for a summer</span> <span class="cue" id="t-2779" data-t="2779">as,</span> <span class="cue" id="t-2780" data-t="2780">you know, the way to go to</span> <span class="cue" id="t-2783" data-t="2783">to accelerate and amplify</span> <span class="cue" id="t-2786" data-t="2786">your</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2787">46:27</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2787" data-t="2787">Bitcoin ascent.</span> <span class="cue" id="t-2789" data-t="2789">And, a lot of people got wrecked, and they they</span> <span class="cue" id="t-2793" data-t="2793">they fucked around and they found out. They learned</span> <span class="cue" id="t-2797" data-t="2797">the hard way</span> <span class="cue" id="t-2798" data-t="2798">again.</span> <span class="cue" id="t-2800" data-t="2800">This is the the journey.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2802">46:42</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2802" data-t="2802">It's,</span> <span class="cue" id="t-2803" data-t="2803">stepping off of that path</span> <span class="cue" id="t-2805" data-t="2805">and stepping onto a path of</span> <span class="cue" id="t-2809" data-t="2809">focus</span> <span class="cue" id="t-2810" data-t="2810">and patience</span> <span class="cue" id="t-2812" data-t="2812">and,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2814">46:54</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2814" data-t="2814">you know,</span> <span class="cue" id="t-2816" data-t="2816">filling your time with</span> <span class="cue" id="t-2818" data-t="2818">learning and your forty hours.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2822">47:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2822" data-t="2822">Well,</span> <span class="cue" id="t-2823" data-t="2823">you know, the like, to to be fair about paper Bitcoin,</span> <span class="cue" id="t-2826" data-t="2826">there</span> <span class="cue" id="t-2828" data-t="2828">are a lot of people out there that are just paper people in general. Like, they, like, they like paper assets. All the assets they own are are paper, essentially.</span> <span class="cue" id="t-2837" data-t="2837">They have paper dollars. They've got paper,</span> <span class="cue" id="t-2841" data-t="2841">stocks. They've got, you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2843">47:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2843" data-t="2843">they they like to trade the the paper gold and and silver stocks.</span> <span class="cue" id="t-2848" data-t="2848">You know, they they come into the Bitcoin world and they they start hearing about paper Bitcoin.</span> <span class="cue" id="t-2854" data-t="2854">And they're like, wow.</span> <span class="cue" id="t-2856" data-t="2856">Paper Bitcoin</span> <span class="cue" id="t-2857" data-t="2857">fixes</span> <span class="cue" id="t-2858" data-t="2858">paper assets.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2860">47:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2860" data-t="2860">And,</span> <span class="cue" id="t-2862" data-t="2862">like, a lot of lot of Bitcoin</span> <span class="cue" id="t-2865" data-t="2865">people that historically have gotten very excited about it, you know, they they're more like a a hard asset type people. Like, they like,</span> <span class="cue" id="t-2872" data-t="2872">their sovereignty, they're a little bit more predisposed.</span> <span class="cue" id="t-2875" data-t="2875">But the paper Bitcoin people,</span> <span class="cue" id="t-2878" data-t="2878">they they like to have their hand held for them</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2881">48:01</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2881" data-t="2881">to a certain degree. They're just they're cut from a different</span> <span class="cue" id="t-2885" data-t="2885">cloth.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2887">48:07</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2887" data-t="2887">Yeah. But they got wrecked.</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">Rod Palmer</b> <span class="cue" id="t-2890" data-t="2890">But but but that's Not the pipe investors.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2893">48:13</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2893" data-t="2893">I mean, you know, I mean, like, we unfortunately</span> <span class="cue" id="t-2896" data-t="2896">have,</span> <span class="cue" data-t="2896">you know, at least</span> <span class="cue" id="t-2898" data-t="2898">seven, eight months or a year</span> <span class="cue" id="t-2901" data-t="2901">of</span> <span class="cue" id="t-2902" data-t="2902">history to look at now.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2905">48:25</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2905" data-t="2905">And some of these things have just imploded,</span> <span class="cue" id="t-2908" data-t="2908">and they've been</span> <span class="cue" id="t-2909" data-t="2909">you know,</span> <span class="cue" id="t-2911" data-t="2911">it's fine if your</span> <span class="cue" id="t-2912" data-t="2912">if your</span> <span class="cue" id="t-2913" data-t="2913">orientation</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2914">48:34</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2914" data-t="2914">is towards paper.</span> <span class="cue" id="t-2916" data-t="2916">But</span> <span class="cue" id="t-2917" data-t="2917">I think it's hard</span> <span class="cue" id="t-2919" data-t="2919">to ignore the results at this point. And</span> <span class="cue" id="t-2922" data-t="2922">what of the broken promise? I mean,</span> <span class="cue" id="t-2925" data-t="2925">it's great if the paper</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2928">48:48</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2928" data-t="2928">solves the problem that the Bitcoin</span> <span class="cue" id="t-2930" data-t="2930">solves,</span> <span class="cue" id="t-2931" data-t="2931">but the paper doesn't solve that problem.</span> <span class="cue" id="t-2934" data-t="2934">And,</span> <span class="cue" id="t-2935" data-t="2935">I think they were able to</span> <span class="cue" id="t-2939" data-t="2939">to sort of spin that narrative.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2941">49:01</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2941" data-t="2941">I don't know if if that works anymore. I think</span> <span class="cue" id="t-2945" data-t="2945">we would have to see a a whole paper spring revival in order to reassess that. I think it's it's pretty it's pretty nuked at this point, isn't it? But why are you criticizing</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2959">49:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2959" data-t="2959">companies that are buying Bitcoin, not the ones that don't?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2964">49:24</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-2964" data-t="2964">Oh,</span> <span class="cue" data-t="2964">don't get me wrong. I'm not criticizing the companies that buy Bitcoin. I I just think that it's kinda silly to buy the stocks of those companies.</span> <span class="cue" id="t-2973" data-t="2973">So,</span> <span class="cue" id="t-2974" data-t="2974">you know, that's that's where where plebs get burned.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2979">49:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2979" data-t="2979">Boys, you know,</span> <span class="cue" id="t-2981" data-t="2981">this is what the plebs need to learn. Right? Is and</span> <span class="cue" id="t-2985" data-t="2985">one of my my</span> <span class="cue" id="t-2987" data-t="2987">AI slop hit songs</span> <span class="cue" id="t-2990" data-t="2990">this summer</span> <span class="cue" id="t-2992" data-t="2992">was, was called Paper Made Men.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2994">49:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2994" data-t="2994">And it is</span> <span class="cue" id="t-2996" data-t="2996">plebs are</span> <span class="cue" id="t-2998" data-t="2998">are following</span> <span class="cue" id="t-3000" data-t="3000">people like Michael Sailor, people like David Daley,</span> <span class="cue" id="t-3004" data-t="3004">who are paper made men.</span> <span class="cue" id="t-3006" data-t="3006">They</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3007">50:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3007" data-t="3007">are they have achieved the status, the wealth,</span> <span class="cue" id="t-3012" data-t="3012">the power,</span> <span class="cue" id="t-3013" data-t="3013">everything that they've got today.</span> <span class="cue" id="t-3017" data-t="3017">You pay for games</span> <span class="cue" id="t-3019" data-t="3019">through,</span> <span class="cue" id="t-3020" data-t="3020">paper assets</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3021">50:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3021" data-t="3021">and trading paper,</span> <span class="cue" id="t-3023" data-t="3023">cooking the books.</span> <span class="cue" id="t-3026" data-t="3026">You you you pay for this paper, not paper over their problems.</span> <span class="cue" id="t-3032" data-t="3032">And so that's like that is it worked for them to a certain extent. They they obviously, you know, sailors</span> <span class="cue" id="t-3038" data-t="3038">billionaires got the most Bitcoin as anybody.</span> <span class="cue" id="t-3041" data-t="3041">The plebs were like, I'm gonna follow that same path. Instead Instead of glazing their own trail, becoming pioneers,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3048">50:48</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3048" data-t="3048">they tried to follow in this footsteps of paper made men,</span> <span class="cue" id="t-3052" data-t="3052">and</span> <span class="cue" id="t-3053" data-t="3053">they</span> <span class="cue" data-t="3053">are finding out that they're just not cut from you know, they're just not cut out to be paper made then that sells.</span> <span class="cue" id="t-3062" data-t="3062">And they let you know how many of those people do you think are gonna</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3066">51:06</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3066" data-t="3066">how how many of those men do you think are gonna find their way to</span> <span class="cue" id="t-3070" data-t="3070">to learning coin control and running a node?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3075">51:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3075" data-t="3075">Golden g none of them. They're you they usually crash out or get rug pulled and go broke before they ever get to that point.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3082">51:22</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3082" data-t="3082">They're they're just paper plebs</span> <span class="cue" id="t-3084" data-t="3084">at the end of the day. They they prefer the paper assets over real hard assets.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3090">51:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3090" data-t="3090">As their responsibility comes with it, they don't have to learn coming control, they don't have to worry about,</span> <span class="cue" id="t-3096" data-t="3096">oh, I gotta consolidate my UTXO. They don't have to worry about, oh, do I run knots or do I run core?</span> <span class="cue" id="t-3103" data-t="3103">I think glory is hot, but I think spam is bad.</span> <span class="cue" id="t-3106" data-t="3106">I I have to make a decision here. Oh, great. I downloaded core b 30, and now if I don't up, you know, I I might lose I might lose my wallet.</span> <span class="cue" id="t-3115" data-t="3115">It's just so it's scary, it's a lot of responsibility,</span> <span class="cue" id="t-3119" data-t="3119">it's a lot of personal responsibility, it's a lot of self awareness required and you've got to understand</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3124">52:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3124" data-t="3124">your</span> <span class="cue" id="t-3127" data-t="3127">cognitive</span> <span class="cue" data-t="3127">and, your abilities to</span> <span class="cue" id="t-3130" data-t="3130">to solve</span> <span class="cue" id="t-3131" data-t="3131">the and navigate the terrible UX</span> <span class="cue" id="t-3134" data-t="3134">of any secure system that we talked about earlier.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3137">52:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3137" data-t="3137">You gotta worry about privacy.</span> <span class="cue" id="t-3139" data-t="3139">You gotta worry about</span> <span class="cue" id="t-3141" data-t="3141">I mean, the list goes on with paper Bitcoin,</span> <span class="cue" id="t-3145" data-t="3145">you just gotta go on the Robinhood,</span> <span class="cue" id="t-3147" data-t="3147">search for MSTR,</span> <span class="cue" id="t-3149" data-t="3149">and then hit why.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3152">52:32</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3152" data-t="3152">Yeah. I mean, it's compelling. That's some pretty good</span> <span class="cue" id="t-3156" data-t="3156">UX.</span> <span class="cue" id="t-3157" data-t="3157">But,</span> <span class="cue" id="t-3159" data-t="3159">I I I mean, it's it's</span> <span class="cue" id="t-3162" data-t="3162">it's where I wonder if the paper Bitcoin is a is a threat to to Bitcoin</span> <span class="cue" id="t-3168" data-t="3168">because how many of these paper plebs</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3171">52:51</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3171" data-t="3171">are gonna get</span> <span class="cue" id="t-3173" data-t="3173">wrecked</span> <span class="cue" id="t-3174" data-t="3174">and then</span> <span class="cue" id="t-3175" data-t="3175">leave</span> <span class="cue" id="t-3176" data-t="3176">Bitcoin altogether</span> <span class="cue" id="t-3178" data-t="3178">where</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3179">52:59</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3179" data-t="3179">if we didn't have the paper Bitcoin, those people might have</span> <span class="cue" id="t-3184" data-t="3184">found real Bitcoin instead</span> <span class="cue" id="t-3186" data-t="3186">and not gotten wrecked.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3188">53:08</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3188" data-t="3188">Well, this is this this is why Albus Huxley's Brave New World is such a good book. Right? Is</span> <span class="cue" id="t-3195" data-t="3195">because the way</span> <span class="cue" id="t-3197" data-t="3197">Orwellian totalitarian</span> <span class="cue" id="t-3199" data-t="3199">control</span> <span class="cue" id="t-3200" data-t="3200">comes into existence is through good UX,</span> <span class="cue" id="t-3203" data-t="3203">through convenience,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3205">53:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3205" data-t="3205">through pleasure.</span> <span class="cue" id="t-3206" data-t="3206">And the the Paper Bitcoin is the,</span> <span class="cue" id="t-3210" data-t="3210">the good UX.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3212">53:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3212" data-t="3212">Right?</span> <span class="cue" id="t-3213" data-t="3213">It's Soma.</span> <span class="cue" id="t-3215" data-t="3215">Right? It's the Paper Bitcoin is the Soma, and but</span> <span class="cue" id="t-3218" data-t="3218">maybe</span> <span class="cue" id="t-3220" data-t="3220">you made the you you asked a question that it makes me wonder if paper Bitcoin is a but you say a threat for, you know, for Bitcoin.</span> <span class="cue" id="t-3229" data-t="3229">And I think</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3231">53:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3231" data-t="3231">there's a compelling argument for or against</span> <span class="cue" id="t-3234" data-t="3234">that being true or not,</span> <span class="cue" id="t-3236" data-t="3236">but it kinda really depends on the framing of the conversation.</span> <span class="cue" id="t-3241" data-t="3241">Would you if you were to say that,</span> <span class="cue" id="t-3243" data-t="3243">you think it might be a threat. Like, but how do you define, like, a threat to what? A threat to Bitcoin, how? Are there to Bitcoin, like, we just yeah. We we used to say that the shit coins</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3255">54:15</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3255" data-t="3255">would,</span> <span class="cue" id="t-3256" data-t="3256">you know,</span> <span class="cue" id="t-3257" data-t="3257">take people away from</span> <span class="cue" id="t-3259" data-t="3259">take a certain number of,</span> <span class="cue" id="t-3262" data-t="3262">eyeballs away from Bitcoin</span> <span class="cue" id="t-3264" data-t="3264">that,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3265">54:25</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3265" data-t="3265">if the shit coins weren't around,</span> <span class="cue" id="t-3268" data-t="3268">there would be more</span> <span class="cue" id="t-3269" data-t="3269">participants in the Bitcoin space.</span> <span class="cue" id="t-3272" data-t="3272">So</span> <span class="cue" id="t-3273" data-t="3273">now</span> <span class="cue" id="t-3275" data-t="3275">maybe, especially after a year of</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3277">54:37</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3277" data-t="3277">a crab market,</span> <span class="cue" id="t-3279" data-t="3279">we can we can look back and we can say, okay.</span> <span class="cue" id="t-3282" data-t="3282">This overlaps</span> <span class="cue" id="t-3283" data-t="3283">with</span> <span class="cue" id="t-3285" data-t="3285">the paper Bitcoin summer. And is it possible that the paper Bitcoin summer</span> <span class="cue" id="t-3291" data-t="3291">is partly</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3292">54:52</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3292" data-t="3292">to blame for the crab market</span> <span class="cue" id="t-3295" data-t="3295">and that the real the price of Bitcoin, which is determined by people</span> <span class="cue" id="t-3300" data-t="3300">buying and selling</span> <span class="cue" id="t-3302" data-t="3302">on order books and exchanges,</span> <span class="cue" id="t-3305" data-t="3305">It's not the treasury companies buying over the counter,</span> <span class="cue" id="t-3312" data-t="3312">that maybe there's a correlation there. And so</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3315">55:15</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3315" data-t="3315">it's not that it's a threat. It's just put it on the giant pile of things that are an attack on Bitcoin.</span> <span class="cue" id="t-3322" data-t="3322">You know? Distraction.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3324">55:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3324" data-t="3324">It's a distraction.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3325">55:25</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3325" data-t="3325">I mean, the money badger doesn't really care. But</span> <span class="cue" id="t-3329" data-t="3329">well, that's</span> <span class="cue" id="t-3330" data-t="3330">active attacks on Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3332">55:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3332" data-t="3332">So,</span> <span class="cue" id="t-3333" data-t="3333">yeah, it's it's almost like the way that y'all hear people describe it because people will argue with you, and they'll say, well, no. That's not the reason for the crab market.</span> <span class="cue" id="t-3342" data-t="3342">Or</span> <span class="cue" id="t-3343" data-t="3343">it's the reason that the the volatility</span> <span class="cue" id="t-3346" data-t="3346">to the downside</span> <span class="cue" id="t-3347" data-t="3347">wasn't worse</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3349">55:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3349" data-t="3349">this</span> <span class="cue" id="t-3350" data-t="3350">time around is because of paper Bitcoin.</span> <span class="cue" id="t-3352" data-t="3352">And it and it sounds it is they remind me of the people who</span> <span class="cue" id="t-3356" data-t="3356">were big. You know, they they bought into the hype, and they were big advocates for the</span> <span class="cue" id="t-3361" data-t="3361">the jab.</span> <span class="cue" id="t-3362" data-t="3362">And then when it turned out to be a big nothing burger, it didn't really gave us it was, at at best, worthless, at at worst,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3371">56:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3371" data-t="3371">very very harmful.</span> <span class="cue" id="t-3375" data-t="3375">But they'll say, wow. You know, if I if I I got the booster. So, like,</span> <span class="cue" id="t-3379" data-t="3379">it it it means that I didn't die. It could have been worse. And it's like there's they say they all paid for Bitcoin,</span> <span class="cue" id="t-3385" data-t="3385">prevented the downside from being worse because there were so many Treasury companies just buying every single thing.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3392">56:32</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3392" data-t="3392">I I'm I'm not gonna discount that theory. I think that's actually a pretty</span> <span class="cue" id="t-3398" data-t="3398">a pretty compelling theory.</span> <span class="cue" id="t-3401" data-t="3401">Crab market it is. Max Payne, I told you guys.</span> <span class="cue" id="t-3405" data-t="3405">We need more crab market memes, and and we need to be talking more about coin control.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3412">56:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3412" data-t="3412">We're just in a very different economic time than I think we've been in</span> <span class="cue" id="t-3417" data-t="3417">in Bitcoin's</span> <span class="cue" id="t-3418" data-t="3418">history where</span> <span class="cue" id="t-3419" data-t="3419">I I don't think the Pleiades have ever been</span> <span class="cue" id="t-3423" data-t="3423">in our lifetimes in a in a rougher spot. Like, they</span> <span class="cue" id="t-3426" data-t="3426">they had to make the decision, many of them,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3430">57:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3430" data-t="3430">this Christmas on whether they were gonna buy Christmas presents or they're were gonna be able to afford their taxes.</span> <span class="cue" id="t-3438" data-t="3438">And that was a pretty tough decision, you know, that many of the clubs made. Like, they they are not sitting around,</span> <span class="cue" id="t-3444" data-t="3444">you know, bored,</span> <span class="cue" id="t-3447" data-t="3447">smash buying,</span> <span class="cue" id="t-3449" data-t="3449">posting their stack chain post anymore because they they're slaving away you know, some of them are driving Uber after working</span> <span class="cue" id="t-3457" data-t="3457">eight, nine hours a day to be able to afford their taxes.</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">Rod Palmer</b> <span class="cue" id="t-3462" data-t="3462">It's a very different economic time</span> <span class="cue" id="t-3464" data-t="3464">for sure.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3467">57:47</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3467" data-t="3467">Well, I I it's undoubtably</span> <span class="cue" id="t-3470" data-t="3470">undoubtedly the the your dollar buys you less Bitcoin now.</span> <span class="cue" id="t-3475" data-t="3475">So you you can stack less.</span> <span class="cue" id="t-3480" data-t="3480">And,</span> <span class="cue" id="t-3481" data-t="3481">the cost of living is relentless.</span> <span class="cue" id="t-3484" data-t="3484">It just keeps going on. My I don't even wanna tell you how much I paid per pound for my rib eye last time.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3490">58:10</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3490" data-t="3490">You know? It's, it's brutal out here in California.</span> <span class="cue" id="t-3493" data-t="3493">But, basically,</span> <span class="cue" id="t-3496" data-t="3496">you you gotta do what you gotta do.</span> <span class="cue" id="t-3498" data-t="3498">Some people gotta,</span> <span class="cue" id="t-3500" data-t="3500">you know, drive the Ubers, and,</span> <span class="cue" id="t-3504" data-t="3504">other people are</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3506">58:26</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3506" data-t="3506">are vibe coding, trying</span> <span class="cue" id="t-3507" data-t="3507">to strike it rich with a vibe coded app.</span> <span class="cue" id="t-3511" data-t="3511">It's,</span> <span class="cue" id="t-3512" data-t="3512">it's tough times.</span> <span class="cue" id="t-3514" data-t="3514">So you're right. I think this is new territory for a lot of people.</span> <span class="cue" id="t-3519" data-t="3519">I I think</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3520">58:40</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3520" data-t="3520">that we're gonna</span> <span class="cue" id="t-3522" data-t="3522">be going into a worse economy, so</span> <span class="cue" id="t-3525" data-t="3525">so</span> <span class="cue" id="t-3527" data-t="3527">buckle up.</span> <span class="cue" id="t-3528" data-t="3528">Stay humble. Buckle up.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3531">58:51</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3531" data-t="3531">Well, you know, the the plugs are gonna have to figure out. So, you know, we're really on this precipice, I think, of self driving vehicles becoming</span> <span class="cue" id="t-3540" data-t="3540">proliferated. Like, you already see the Waymos driving around in certain places.</span> <span class="cue" id="t-3545" data-t="3545">It you know,</span> <span class="cue" id="t-3547" data-t="3547">what are they gonna do if, you know, they they they get off work, they've been working full time,</span> <span class="cue" id="t-3554" data-t="3554">and they can't drive Uber anymore because they have a self driving car doing it. Like, how are they gonna afford their tax and what's gonna be the fallout of this?</span> <span class="cue" id="t-3562" data-t="3562">What are the plums gonna do?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3565">59:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3565" data-t="3565">They're probably not gonna listen to Bitcoin podcast. They they just bought their paper Bitcoin.</span> <span class="cue" id="t-3570" data-t="3570">Paper Bitcoin summer ends next summer with just like a just</span> <span class="cue" id="t-3576" data-t="3576">a collapse into paper Bitcoin fall and winter,</span> <span class="cue" id="t-3581" data-t="3581">what are the plugs gonna do?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3585">59:45</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3585" data-t="3585">Clearly, I think it's about prediction markets.</span> <span class="cue" id="t-3588" data-t="3588">I think prediction markets are the next attack on Bitcoin podcasts.</span> <span class="cue" id="t-3593" data-t="3593">And,</span> <span class="cue" id="t-3594" data-t="3594">that's about people's predictions gonna be</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3597">59:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3597" data-t="3597">What about prediction markets</span> <span class="cue" id="t-3599" data-t="3599">built on Bitcoin?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3602">1:00:02</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3602" data-t="3602">Well, let's see it.</span> <span class="cue" id="t-3604" data-t="3604">I mean</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3605">1:00:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3605" data-t="3605">Critics.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3607">1:00:07</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3607" data-t="3607">You you you've got to, No KYC?</span> <span class="cue" id="t-3610" data-t="3610">You you've gotta just ask Claude Code nicely.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3614">1:00:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3614" data-t="3614">Well, let's one ex one exists. Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3617">1:00:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3617" data-t="3617">I</span> <span class="cue" id="t-3618" data-t="3618">I think the the the,</span> <span class="cue" id="t-3622" data-t="3622">the prediction markets are are, like, the best thing that would ever could ever happen to podcasters</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3629">1:00:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3629" data-t="3629">And and podcasting is generally sponsor they're gonna sponsor a lot of podcast.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3634">1:00:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3634" data-t="3634">Well, it's it's it's not even about them sponsoring podcasts. It's it's the podcasters using them, you know, because the podcasters that that actually have signal and actually know what's going on in the world</span> <span class="cue" id="t-3645" data-t="3645">are gonna be able to make money off of these prediction markets. Right?</span> <span class="cue" id="t-3649" data-t="3649">All their all their macro insights that they got, they're gonna apply it to actual</span> <span class="cue" id="t-3654" data-t="3654">bats. And so instead of needing, a KYC Bitcoin exchange to sponsor you, you you kind of earn money by actually having</span> <span class="cue" id="t-3662" data-t="3662">alpha.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3662">1:01:02</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" data-t="3662">Right? Like betting over under how many times</span> <span class="cue" id="t-3666" data-t="3666">Coin Control is mentioned in the podcast?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3668">1:01:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3668" data-t="3668">That could be one of them. It's it's it's it's</span> <span class="cue" id="t-3671" data-t="3671">it used</span> <span class="cue" id="t-3672" data-t="3672">to be the Gancy Pelosi,</span> <span class="cue" id="t-3675" data-t="3675">congress, senators,</span> <span class="cue" id="t-3676" data-t="3676">they had</span> <span class="cue" id="t-3678" data-t="3678">the inside information,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3680">1:01:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3680" data-t="3680">the privileged position to be able to inside or trade, and they've made fortunes off of it.</span> <span class="cue" id="t-3685" data-t="3685">If you listen forty hours per week, you can, it feels,</span> <span class="cue" id="t-3689" data-t="3689">you feel like you could predict the future because you start to see things form and happen and you're like, oh, I know</span> <span class="cue" id="t-3696" data-t="3696">how this is gonna play out. And so now podcasters or podcast listeners are able to inside trade</span> <span class="cue" id="t-3702" data-t="3702">and use prediction markets to to make money because they marvel the situation</span> <span class="cue" id="t-3708" data-t="3708">so intently</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3709">1:01:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3709" data-t="3709">that they know everything that's going on and they're just absolutely front running the plaids like eCreations who were just out there throwing money,</span> <span class="cue" id="t-3719" data-t="3719">on the prediction markets just making bets off of vibes and and and feelings and they're just getting absolutely</span> <span class="cue" id="t-3727" data-t="3727">taken to taken to the woodshed by podcast listeners.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3731">1:02:11</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3731" data-t="3731">Yeah. And that's all that's all,</span> <span class="cue" id="t-3734" data-t="3734">there's less money going towards sets. I'll tell you that.</span> <span class="cue" id="t-3738" data-t="3738">No. It's it's incredible. I mean, isn't this like</span> <span class="cue" id="t-3741" data-t="3741">Max Keiser's casino gulag he was always talking about? Isn't that kinda something? Like, this is sort of coming together where</span> <span class="cue" id="t-3749" data-t="3749">people are gonna have the digital</span> <span class="cue" id="t-3751" data-t="3751">ID and the digital money, the CBDC</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3755">1:02:35</a><span class="cue-body"><b class="cue-who">TC</b> <span class="cue" id="t-3755" data-t="3755">Tether, whatever it is, and then</span> <span class="cue" id="t-3758" data-t="3758">their their life through their little AI assistant is gonna be gamified.</span> <span class="cue" id="t-3763" data-t="3763">So they're basically, like, earning</span> <span class="cue" id="t-3765" data-t="3765">little points to buy their</span> <span class="cue" id="t-3768" data-t="3768">their their rations for the day or whatever.</span> <span class="cue" id="t-3770" data-t="3770">And the whole system's</span></span></p> +