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Transcript: Is Saylor a Spook | Bugle Weekly Episode 31

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1. bugle-ingest[bot] 2026-08-12 Ingest: 0 new episode(s) — raw sources + transcripts 32a9a2b
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   +---
   +title: "Transcript: Is Saylor a Spook | Bugle Weekly Episode 31"
   +type: transcript
   +episode: is-saylor-a-spook-bugle-weekly-episode-31
   +generated: true
   +date: 2024-10-21
   +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/W8FXPgJ7QQAq7dumpr6Q/files/AUDIO---DEFAULT---b52993d9-12ff-41fa-aa58-6065c580ca1d.mp3"
   +duration: "1:32:16"
   +sources:
   +  - raw/episodes/is-saylor-a-spook-bugle-weekly-episode-31/bundle.json
   +---
   +
   +<p class="cue-p"><a class="cue-t" href="#t-0">0:00</a><span class="cue-body"><b class="cue-who">Shinobi</b> <span class="cue" id="t-0" data-t="0">Some people ask</span> <span class="cue" id="t-2" data-t="2">me, Shinobi,</span> <span class="cue" id="t-3" data-t="3">why do you drink? The answer is simple. I have to deal with all the absolutely</span> <span class="cue" id="t-8" data-t="8">retarded Bitcoiners</span> <span class="cue" id="t-10" data-t="10">on a daily basis.</span> <span class="cue" id="t-12" data-t="12">So, I decided, if I have to deal with all you fucking morons,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-17">0:17</a><span class="cue-body"><b class="cue-who">Shinobi</b> <span class="cue" id="t-17" data-t="17">then you have to deal with me</span> <span class="cue" id="t-20" data-t="20">on my terms.</span> <span class="cue" id="t-21" data-t="21">Welcome to Cooking with Shinobi.</span> <span class="cue" id="t-31" data-t="31">Cooking with Shinobi is just me cooking whatever the fuck I want, drinking whatever the fuck I want, and talking about whatever the fuck I want, whether you like it or not.</span> <span class="cue" id="t-41" data-t="41">So</span> <span class="cue" id="t-42" data-t="42">sit back,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-43">0:43</a><span class="cue-body"><b class="cue-who">Shinobi</b> <span class="cue" id="t-43" data-t="43">pour yourself a tall glass of Macallan meat,</span> <span class="cue" id="t-47" data-t="47">and sip along as I cook some delicious sukiyaki</span> <span class="cue" id="t-51" data-t="51">or a succulent</span> <span class="cue" id="t-53" data-t="53">shabu shabu,</span> <span class="cue" id="t-55" data-t="55">and tell you why bitcoin will absolutely fucking fail</span> <span class="cue" id="t-59" data-t="59">if it doesn't solve the problems I need for it to solve so I can orange pill liberal chicks.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-65">1:05</a><span class="cue-body"><b class="cue-who">Shinobi</b> <span class="cue" id="t-65" data-t="65">You can check out Cooking with Shinobi wherever I decide to release the episodes,</span> <span class="cue" id="t-71" data-t="71">whenever I decide to to release the episodes.</span> <span class="cue" id="t-74" data-t="74">You won't wanna miss it.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-81">1:21</a><span class="cue-body"><b class="cue-who">Kailey Welch</b> <span class="cue" id="t-81" data-t="81">I've gotta say,</span> <span class="cue" id="t-82" data-t="82">I'm really excited about cooking with Shinobi, but should we really be approaching Bitcoin development and scaling solutions in order to help him orange pill liberal with that?</span> <span class="cue" id="t-92" data-t="92">That is an important question that I'm sure the big brains in Twitter spaces will be working on studying the game theory on this week. But while we wait on the Twitter master debaters</span> <span class="cue" id="t-101" data-t="101">to weigh in on the future of Bitcoin development, I wanted to cover some housekeeping items. The Bugle has launched an important Dennis Quater facts page to help everyone keep track of some very important facts about him. The link will be below in the show notes. Also, we are considering taking all of our podcasts and putting them on cassette for you purchase.</span> <span class="cue" id="t-125" data-t="125">Housekeeping for this week. You came here to hear the ungirdled signal from our favorite credentialed journalists. You are about to listen to the most thermodynamically sound duo</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-131">2:11</a><span class="cue-body"><b class="cue-who">Kailey Welch</b> <span class="cue" id="t-131" data-t="131">You are about to listen to the most thermodynamically</span> <span class="cue" id="t-134" data-t="134">sound duo in the world of journalism.</span> <span class="cue" id="t-136" data-t="136">It's October and not time to be a gay bear. If you're feeling gay, it's probably because you haven't listened to enough Bitcoin podcasts or smoked enough cigarettes. We are about to change that. Get ready for some credentialed price predictions and expert analysis of the most important topics.</span> <span class="cue" id="t-151" data-t="151">If you are driving while listening to this podcast, make sure to unbuckle your seat belt and pour pour yourself a glass of whiskey. This is Kayley Welch, and you are listening to the Bugle Weekly, the most credentialed Bitcoin podcast in the world.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-164">2:44</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-164" data-t="164">Welcome to</span> <span class="cue" id="t-166" data-t="166">this edition of the Bugle Weekly.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-168">2:48</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-168" data-t="168">This is your cohost Richard Grieser,</span> <span class="cue" id="t-171" data-t="171">with Rob Palmer. How are you doing today, Rob? Doing fantastic.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-175">2:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-175" data-t="175">Little bit</span> <span class="cue" id="t-177" data-t="177">disappointed.</span> <span class="cue" id="t-179" data-t="179">Of course, everybody</span> <span class="cue" id="t-181" data-t="181">is a little</span> <span class="cue" id="t-182" data-t="182">riled up after the very disappointing</span> <span class="cue" id="t-185" data-t="185">Markets with Madison</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">Rob Palmer</b> <span class="cue" id="t-187" data-t="187">podcast that came out this weekend. But, we'll get to that, of course. Yeah. It sounds like there has been pretty disruptive. So to kinda recap, I didn't listen to the podcast yet,</span> <span class="cue" id="t-198" data-t="198">but it sounds like Saylor went on a</span> <span class="cue" id="t-202" data-t="202">not Bitcoin podcast</span> <span class="cue" id="t-204" data-t="204">and tried to turn it into a Bitcoin podcast.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-207">3:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-207" data-t="207">And when people go to stuff.</span> <span class="cue" id="t-209" data-t="209">From the I don't know. I'm just speculating here based on what I can put together.</span> <span class="cue" id="t-214" data-t="214">But it looks like</span> <span class="cue" id="t-216" data-t="216">there is a,</span> <span class="cue" id="t-218" data-t="218">the Natalie Brunel</span> <span class="cue" id="t-220" data-t="220">of New Zealand.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-222">3:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-222" data-t="222">I don't know if Natalie Brunel was more of a TradFi macro podcaster, not Bitcoin specifically, but she's from New Zealand. Her name's Madison.</span> <span class="cue" id="t-232" data-t="232">And she has a podcast called Markets of Madison.</span> <span class="cue" id="t-235" data-t="235">I think she DM'd Sailor and Sailor thought she had a pretty</span> <span class="cue" id="t-239" data-t="239">smoking hot profile picture, so he responded</span> <span class="cue" id="t-243" data-t="243">and he accepted her</span> <span class="cue" id="t-247" data-t="247">request for a podcast interview.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-251">4:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-251" data-t="251">But instead of doing it over Zoom,</span> <span class="cue" id="t-254" data-t="254">she financed her own flight, her own trip to Miami</span> <span class="cue" id="t-259" data-t="259">to interview Sailor in person.</span> <span class="cue" id="t-261" data-t="261">And from the looks of it, it was at his house in Miami, his big mansion.</span> <span class="cue" id="t-267" data-t="267">So yeah, like she had, I think she had like 4,000 followers before,</span> <span class="cue" id="t-272" data-t="272">this interview came out,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-274">4:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-274" data-t="274">but</span> <span class="cue" id="t-276" data-t="276">you know, it looks, it seems to me like Sailor just thought I had you in the DMs. And he's like, why don't you come to my niche and then we can record a podcast,</span> <span class="cue" id="t-284" data-t="284">which pretty sneak pickup line if you ask me. However,</span> <span class="cue" id="t-287" data-t="287">the controversy,</span> <span class="cue" id="t-289" data-t="289">there's a few of them. Michael Seeler said that,</span> <span class="cue" id="t-292" data-t="292">people,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-293">4:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-293" data-t="293">rich people,</span> <span class="cue" id="t-295" data-t="295">sophisticated</span> <span class="cue" id="t-296" data-t="296">investors,</span> <span class="cue" id="t-298" data-t="298">that they should buy micro strategy stock or micro strategy bonds instead of</span> <span class="cue" id="t-303" data-t="303">holding Bitcoin</span> <span class="cue" id="t-304" data-t="304">in cold storage on their cold card. And he called, he said people who care about</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-310">5:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-310" data-t="310">self custody and P2P</span> <span class="cue" id="t-313" data-t="313">Bitcoin transactions,</span> <span class="cue" id="t-314" data-t="314">they are paranoid crypto anarchists,</span> <span class="cue" id="t-317" data-t="317">which</span> <span class="cue" id="t-318" data-t="318">pissed off a lot of people because it's paranoid Bitcoin</span> <span class="cue" id="t-322" data-t="322">anarchists.</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">Richard Greaser</b> <span class="cue" id="t-323" data-t="323">Obviously it feels like 2024</span> <span class="cue" id="t-326" data-t="326">having to remind people it's Bitcoin, not crypto.</span> <span class="cue" id="t-331" data-t="331">But yeah, like some people were mad. He said crypto,</span> <span class="cue" id="t-336" data-t="336">and they were mad about a few other things about what he said. He dismissed</span> <span class="cue" id="t-340" data-t="340">the threat of a 6102</span> <span class="cue" id="t-344" data-t="344">executive order,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-345">5:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-345" data-t="345">to seize</span> <span class="cue" id="t-347" data-t="347">private</span> <span class="cue" id="t-348" data-t="348">keys. But I think I, you know, I, I tweet about this</span> <span class="cue" id="t-352" data-t="352">this morning. If a pretty girl DMs you</span> <span class="cue" id="t-356" data-t="356">and asked to put a camera in your face and asked you, how do you personally, when paying your taxes</span> <span class="cue" id="t-361" data-t="361">and how do you protect your Bitcoin from executive order six one zero two's?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-366">6:06</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-366" data-t="366">If</span> <span class="cue" id="t-367" data-t="367">you're smart, you just smile</span> <span class="cue" id="t-370" data-t="370">and you tell her how much you value by it. Super 10, you're at a pod comp</span> <span class="cue" id="t-376" data-t="376">organization, like some kind of pod comp, like a a compliant conference.</span> <span class="cue" id="t-380" data-t="380">This</span> <span class="cue" id="t-381" data-t="381">is say I think Sailor was just podcasting adversarially.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-384">6:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-384" data-t="384">I think that,</span> <span class="cue" id="t-386" data-t="386">he wanted to meet this hot babe in his DMs, but he was being careful. He didn't want to,</span> <span class="cue" id="t-392" data-t="392">he didn't want</span> <span class="cue" id="t-394" data-t="394">to compromise himself. He didn't want to compromise his oxide. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-398">6:38</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-398" data-t="398">I mean, I think he brought up this really important point, which is, Bitcoin, not crypto.</span> <span class="cue" id="t-406" data-t="406">There, you know, there's this long story tradition of people referring to themselves as crypto anarchists.</span> <span class="cue" id="t-413" data-t="413">And,</span> <span class="cue" data-t="413">you know, it started</span> <span class="cue" id="t-415" data-t="415">prior to Bitcoin's existence. So before people knew</span> <span class="cue" id="t-420" data-t="420">that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-421">7:01</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-421" data-t="421">it was Bitcoin, not crypto.</span> <span class="cue" id="t-424" data-t="424">And so I think it's time for people to</span> <span class="cue" id="t-427" data-t="427">to update,</span> <span class="cue" id="t-430" data-t="430">you know, their philosophy name, if that makes sense,</span> <span class="cue" id="t-434" data-t="434">to reflect that Bitcoin has already won and that crypto is shit coins.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-438">7:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-438" data-t="438">Yeah, I think you just said crypto anarchists because</span> <span class="cue" id="t-442" data-t="442">I mean,</span> <span class="cue" id="t-443" data-t="443">whenever you're on a first podcast interview or excuse me, a date with a chick,</span> <span class="cue" id="t-448" data-t="448">sometimes you just want to impress her</span> <span class="cue" id="t-450" data-t="450">and let her know that like, you know, some of the, oh gee, like, you know, sometimes people talk about the old movies they've seen that that girl might not have heard of. Well, saying Crypto anarchists is like letting her know, like I'm a, I'm a real cypherpunk.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-463">7:43</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-463" data-t="463">Yeah.</span> <span class="cue" id="t-464" data-t="464">Like the indie bands that you listen to that nobody's ever heard of? Right, right. Like Shinobi likes to pass lyrics and,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-472">7:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-472" data-t="472">Spotify links</span> <span class="cue" id="t-473" data-t="473">to,</span> <span class="cue" id="t-474" data-t="474">old punk bands,</span> <span class="cue" id="t-476" data-t="476">old, indie, hip hop, independent artists.</span> <span class="cue" id="t-480" data-t="480">I don't think any of his female followers know any of those bands are, but</span> <span class="cue" id="t-485" data-t="485">at least they know he's got</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-487">8:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-487" data-t="487">esoteric</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-488">8:08</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-488" data-t="488">musical tastes. Matthew (3five 40 Yeah. I mean, there's this type of individual that exists that</span> <span class="cue" id="t-494" data-t="494">they listen to music that nobody else listens to.</span> <span class="cue" id="t-498" data-t="498">And then Right. The second that somebody else listens to the music that they listen to, they have to find different music because it's not cool anymore. Right, right. Like this is like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-509">8:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-509" data-t="509">people like Vlad,</span> <span class="cue" id="t-511" data-t="511">Vlad Kostia and some of the other</span> <span class="cue" id="t-514" data-t="514">super hardcore guys on Twitter.</span> <span class="cue" id="t-516" data-t="516">They liked Bitcoin until it became mainstream</span> <span class="cue" id="t-519" data-t="519">And as soon as it became mainstream,</span> <span class="cue" id="t-523" data-t="523">it's like, it's stupid. I didn't like it anymore. It's popular.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-526">8:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-526" data-t="526">They've got to find</span> <span class="cue" id="t-528" data-t="528">the next</span> <span class="cue" id="t-529" data-t="529">like indie</span> <span class="cue" id="t-531" data-t="531">thing to</span> <span class="cue" id="t-532" data-t="532">only they can like it and be so they can feel like they discovered it when they tell their friends. Well, that's pretty interesting. So, you know,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-540">8:60</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-540" data-t="540">they I I just looked up this lady</span> <span class="cue" id="t-542" data-t="542">who posted the interview, the the</span> <span class="cue" id="t-545" data-t="545">Madison</span> <span class="cue" id="t-546" data-t="546">Ridey.</span> <span class="cue" id="t-548" data-t="548">I don't know how you pronounce the name in</span> <span class="cue" id="t-551" data-t="551">Australian.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-554">9:14</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-554" data-t="554">But I wonder if she she kinda looks like the Australian breakdancer lady.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-560">9:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-560" data-t="560">Yeah. Yeah. I saw that's what I was thinking as well.</span> <span class="cue" id="t-563" data-t="563">Me, it might be the same person. That would be pretty wild.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-567">9:27</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-567" data-t="567">So, you know, for for listeners who don't understand, you know, what we're talking about, there was,</span> <span class="cue" id="t-574" data-t="574">there's this thing called the Olympics,</span> <span class="cue" id="t-577" data-t="577">which is essentially a big</span> <span class="cue" id="t-580" data-t="580">globalist circle jerk where, you know, a bunch of athletes from all over the world get together and compete.</span> <span class="cue" id="t-586" data-t="586">And one of the competitions</span> <span class="cue" id="t-588" data-t="588">of of this event is, like, who can spoof a drug test the best?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-594">9:54</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-594" data-t="594">And so</span> <span class="cue" id="t-597" data-t="597">there's this lady from Australia that was a breakdancer that, you know, many thought, like, she cheated her way to,</span> <span class="cue" id="t-605" data-t="605">the position because she was not very good at breakdancing.</span> <span class="cue" id="t-609" data-t="609">And she became</span> <span class="cue" id="t-611" data-t="611">kind of a global phenomenon.</span> <span class="cue" id="t-614" data-t="614">And,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-615">10:15</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-615" data-t="615">you know, people were giving her a real hard time. And I don't I really understand because, you know, I think she was just trying to fake it until she made it. You know?</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">Richard Greaser</b> <span class="cue" id="t-623" data-t="623">Yeah. The only the only one fix is, like, basically</span> <span class="cue" id="t-627" data-t="627">statist sports ball.</span> <span class="cue" id="t-630" data-t="630">And when it comes to basketball</span> <span class="cue" id="t-633" data-t="633">or track and field,</span> <span class="cue" id="t-634" data-t="634">those are pretty easy to find the fastest, tallest people and you just put them out there and you let them</span> <span class="cue" id="t-641" data-t="641">follow the rules. You let the incentives play themselves out,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-644">10:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-644" data-t="644">but some of it's a little bit more subjective.</span> <span class="cue" id="t-647" data-t="647">So like the status breakdancers</span> <span class="cue" id="t-649" data-t="649">is</span> <span class="cue" id="t-650" data-t="650">like you would expect if you would go to the DMV, the efficiency</span> <span class="cue" id="t-654" data-t="654">professionalism</span> <span class="cue" id="t-655" data-t="655">and the DMV,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-657">10:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-657" data-t="657">it's</span> <span class="cue" id="t-658" data-t="658">terrible. Either way, who hired these idiots? When you get to like state as break dancing,</span> <span class="cue" id="t-663" data-t="663">it's the best, it's the best PhD</span> <span class="cue" id="t-666" data-t="666">government break dancers.</span> <span class="cue" id="t-669" data-t="669">That's, you know, that's, that's what you kind of get when you, when you have to be in play state of sports ball,</span> <span class="cue" id="t-675" data-t="675">but Shinobi,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-677">11:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-677" data-t="677">he had a very emotional</span> <span class="cue" id="t-679" data-t="679">reaction</span> <span class="cue" id="t-680" data-t="680">to the Markets with Madison</span> <span class="cue" id="t-683" data-t="683">podcast last night. And he said,</span> <span class="cue" id="t-685" data-t="685">Sailor</span> <span class="cue" id="t-686" data-t="686">is a fucking spook What's your reaction to that?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-690">11:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-690" data-t="690">Have we decided</span> <span class="cue" id="t-691" data-t="691">if Sailor is a spook or is the Sailor a double agent</span> <span class="cue" id="t-695" data-t="695">posing as a spook</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-697">11:37</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-697" data-t="697">trying to help. Well, there's this rumor that he's gay.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-702">11:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-702" data-t="702">And I think we need to get rid of that. Where does that rumor come from? Do you know? Where did that originate?</span> <span class="cue" id="t-709" data-t="709">Or where is the Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-711">11:51</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-711" data-t="711">I mean, it's hard to say, you know, because theoretically, if he was gay, he'd probably try try to suppress that information.</span> <span class="cue" id="t-717" data-t="717">You know what I mean?</span> <span class="cue" id="t-719" data-t="719">Because, like, you know, he would he would have a hard time on on podcasts and in conferences,</span> <span class="cue" id="t-725" data-t="725">you know, if everybody</span> <span class="cue" id="t-726" data-t="726">walking by him or every time he tried to talk, somebody just responded and said,</span> <span class="cue" id="t-732" data-t="732">gay?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-733">12:13</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-733" data-t="733">You know, so like Right. Right.</span> <span class="cue" id="t-736" data-t="736">And it and it just has to do with the community that, you know, he's trying to cater to, you know, like</span> <span class="cue" id="t-741" data-t="741">people wouldn't buy as much Microsoft or sorry, MicroStrategy</span> <span class="cue" id="t-745" data-t="745">stock</span> <span class="cue" id="t-746" data-t="746">if they found out he was gay.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-750">12:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-750" data-t="750">Has anybody</span> <span class="cue" id="t-752" data-t="752">tried to</span> <span class="cue" id="t-754" data-t="754">you know, sew the Satoshi documentary on HBO,</span> <span class="cue" id="t-758" data-t="758">the documentary filmmaker knew</span> <span class="cue" id="t-760" data-t="760">that,</span> <span class="cue" id="t-761" data-t="761">Adam Back</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-762">12:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-762" data-t="762">and Peter Todd would never</span> <span class="cue" id="t-765" data-t="765">genuinely</span> <span class="cue" id="t-767" data-t="767">answer a question like, Are you Satoshi?</span> <span class="cue" id="t-770" data-t="770">So he just asked them in multiple different scenarios, in multiple different contexts together and alone.</span> <span class="cue" id="t-776" data-t="776">And he just focused on how they reacted</span> <span class="cue" id="t-779" data-t="779">and let the audience decide</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-781">13:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-781" data-t="781">Do you think</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-782">13:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-782" data-t="782">a podcaster</span> <span class="cue" id="t-783" data-t="783">should ask Michael Saylor if he thinks Lynn Alden is hot</span> <span class="cue" id="t-788" data-t="788">and just watch his reaction to determine if he's straight or not? Matthew Piepenburg (3five 30: That's such a great</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-794">13:14</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-794" data-t="794">way to figure out if somebody's gay. That's like the best way.</span> <span class="cue" id="t-798" data-t="798">Like if you don't think that Lyn Alden's hot, you're probably gay.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-803">13:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-803" data-t="803">Exactly.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-805">13:25</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-805" data-t="805">Yeah. They're absolutely brilliant. I mean, so this</span> <span class="cue" id="t-809" data-t="809">is kind</span> <span class="cue" id="t-811" data-t="811">of what people need to understand</span> <span class="cue" id="t-813" data-t="813">is</span> <span class="cue" id="t-814" data-t="814">journalists for a very long time have been working on ways to determine</span> <span class="cue" id="t-819" data-t="819">what is reality, what is truth.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-822">13:42</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-822" data-t="822">Right.</span> <span class="cue" id="t-823" data-t="823">We don't</span> <span class="cue" id="t-824" data-t="824">we don't have polygraph tests. We don't believe in</span> <span class="cue" id="t-827" data-t="827">in pseudoscience.</span> <span class="cue" id="t-829" data-t="829">Like polygraph tests is kinda like chain analysis for,</span> <span class="cue" id="t-835" data-t="835">trying to determine the truth</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-838">13:58</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-838" data-t="838">where it's essentially just like made up nonsense.</span> <span class="cue" id="t-841" data-t="841">But Right.</span> <span class="cue" id="t-844" data-t="844">We we can ask difficult questions</span> <span class="cue" id="t-847" data-t="847">like that</span> <span class="cue" id="t-848" data-t="848">to essentially gauge people's responses.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-852">14:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-852" data-t="852">Right. And you have to be very careful and you have to</span> <span class="cue" id="t-856" data-t="856">use these,</span> <span class="cue" id="t-857" data-t="857">you have to adversarial</span> <span class="cue" id="t-859" data-t="859">journalist</span> <span class="cue" id="t-860" data-t="860">in these situations because if you do it abroad like Gawker</span> <span class="cue" id="t-863" data-t="863">and you out Pierre Teal,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-866">14:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-866" data-t="866">that's gay, they got sued into oblivion.</span> <span class="cue" id="t-869" data-t="869">I had to go out of business</span> <span class="cue" id="t-871" data-t="871">and the people just trying to avoid</span> <span class="cue" id="t-874" data-t="874">being sued out of business.</span> <span class="cue" id="t-876" data-t="876">So it's not, it's not as easy</span> <span class="cue" id="t-878" data-t="878">as just, you know, digging up</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-881">14:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-881" data-t="881">dirt and publishing the evidence. We</span> <span class="cue" id="t-884" data-t="884">have</span> <span class="cue" id="t-885" data-t="885">to find a way to get</span> <span class="cue" id="t-888" data-t="888">the individual to answer the question truthfully themselves</span> <span class="cue" id="t-892" data-t="892">and just use that reaction</span> <span class="cue" id="t-895" data-t="895">as a guide.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-897">14:57</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-897" data-t="897">But, yeah, essentially, like, the I don't know where the origin of the rumor</span> <span class="cue" id="t-901" data-t="901">started from, you know, and that's that's pro one of the problems</span> <span class="cue" id="t-906" data-t="906">with with the Internet is it's</span> <span class="cue" id="t-908" data-t="908">it's hard to determine where that came from. Like, maybe it came from a private Mhmm. Telegram chat.</span> <span class="cue" id="t-917" data-t="917">Maybe it came from,</span> <span class="cue" id="t-922" data-t="922">some of these revelations at a conference.</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">Richard Greaser</b> <span class="cue" id="t-925" data-t="925">A yacht party. Some activities on a yacht party.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-929">15:29</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-929" data-t="929">Yeah. I mean, he he shows up to the Swan sex cult</span> <span class="cue" id="t-933" data-t="933">and instead of, you know, going after some of the lovely ladies that were provided there, he,</span> <span class="cue" id="t-941" data-t="941">he chooses a dude, you know, who knows?</span> <span class="cue" id="t-945" data-t="945">Or, you know, it could just be that, you know, people assume that he's gay because</span> <span class="cue" id="t-950" data-t="950">somebody like, he</span> <span class="cue" id="t-951" data-t="951">he told somebody that he worked for a federal agency</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-955">15:55</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-955" data-t="955">or somehow affiliated with the feds. That's yeah. Right. Okay. So that's</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-960">15:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-960" data-t="960">the spout angle</span> <span class="cue" id="t-964" data-t="964">here is people</span> <span class="cue" id="t-966" data-t="966">is</span> <span class="cue" id="t-967" data-t="967">basically, I guess the way I would put it until we have proof,</span> <span class="cue" id="t-971" data-t="971">I think that</span> <span class="cue" id="t-975" data-t="975">speculating or hinting about Michael Saylor being a federal agent is homophobic because that's why they're doing it. It's a homophobic dog whistle. They don't want to use homophobic slurs or be seen as intolerant,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-994">16:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-994" data-t="994">because that's how you kind of get banned from Bitcoin podcasts.</span> <span class="cue" id="t-998" data-t="998">So, but if you call somebody a fed,</span> <span class="cue" id="t-1001" data-t="1001">you're doing the dog whistle, you're getting the same,</span> <span class="cue" id="t-1005" data-t="1005">you're getting the same reaction without having to say it. There's also another theory that,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1013">16:53</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1013" data-t="1013">that sailor is just cosplaying</span> <span class="cue" id="t-1015" data-t="1015">as a fed because Halloween's</span> <span class="cue" id="t-1017" data-t="1017">coming up</span> <span class="cue" id="t-1018" data-t="1018">and he's essentially dressing up as a fed publicly. Right.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1023">17:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1023" data-t="1023">Halloween is, I mean, everybody knows it is a spooky holiday.</span> <span class="cue" id="t-1029" data-t="1029">And some people just have different interpretations of spooks,</span> <span class="cue" id="t-1033" data-t="1033">ghosts,</span> <span class="cue" id="t-1034" data-t="1034">feds, CIA agents.</span> <span class="cue" id="t-1036" data-t="1036">All of those are scary.</span> <span class="cue" id="t-1038" data-t="1038">So, you know, these just, you know, you might be lobbying like everybody else on Twitter.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1044">17:24</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1044" data-t="1044">So,</span> <span class="cue" id="t-1045" data-t="1045">you know, say if you're a meetup organizer and you don't want any federal agents to participate</span> <span class="cue" id="t-1050" data-t="1050">in the meetup,</span> <span class="cue" id="t-1052" data-t="1052">Does that make you homophobic?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1055">17:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1055" data-t="1055">Well, it's hard to</span> <span class="cue" id="t-1057" data-t="1057">deny that that is</span> <span class="cue" id="t-1060" data-t="1060">probably part of your motivation There's a lot of people who</span> <span class="cue" id="t-1064" data-t="1064">they</span> <span class="cue" id="t-1066" data-t="1066">are a little unsure of</span> <span class="cue" id="t-1069" data-t="1069">their personal identity.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1071">17:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1071" data-t="1071">Maybe they are worried that,</span> <span class="cue" id="t-1073" data-t="1073">they</span> <span class="cue" id="t-1074" data-t="1074">might say something like I don't have a problem with feds</span> <span class="cue" id="t-1077" data-t="1077">as long as they don't try to</span> <span class="cue" id="t-1079" data-t="1079">convert me to be a fed.</span> <span class="cue" id="t-1083" data-t="1083">And</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1084">18:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1084" data-t="1084">some of those people might be</span> <span class="cue" id="t-1086" data-t="1086">worried that if</span> <span class="cue" id="t-1088" data-t="1088">a fed tried to recruit them, that they would,</span> <span class="cue" id="t-1091" data-t="1091">they would like,</span> <span class="cue" id="t-1092" data-t="1092">they would like to try it. They would like to try out being fed.</span> <span class="cue" id="t-1097" data-t="1097">Some people experiment with being feds.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1101">18:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1101" data-t="1101">Some people experiment with women, they'll make out with each other</span> <span class="cue" id="t-1105" data-t="1105">in college</span> <span class="cue" id="t-1106" data-t="1106">and young men will enlist in the military,</span> <span class="cue" id="t-1111" data-t="1111">to experiment with being fed.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1115">18:35</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1115" data-t="1115">And some of them likely, some of them don't. Well, I think there's a serious issue, which is if the Bitcoin community</span> <span class="cue" id="t-1121" data-t="1121">continues to and chooses to be homophobic,</span> <span class="cue" id="t-1126" data-t="1126">it's going to be much more difficult to present</span> <span class="cue" id="t-1131" data-t="1131">the idea to everyone that Bitcoin</span> <span class="cue" id="t-1133" data-t="1133">has already won,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1134">18:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1134" data-t="1134">Right? Yes. Right. Right. That hinders mass adoption for sure.</span> <span class="cue" id="t-1139" data-t="1139">Like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1140">19:00</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1140" data-t="1140">if</span> <span class="cue" id="t-1142" data-t="1142">if we're really, you know, gonna believe that Bitcoin or people are gonna believe that Bitcoin is for everyone, then like, home is for you. Yeah. If Bitcoin is for everyone or</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1153">19:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1153" data-t="1153">if Bitcoin is for anyone,</span> <span class="cue" id="t-1156" data-t="1156">that includes</span> <span class="cue" id="t-1157" data-t="1157">Feds whether you liked it or not,</span> <span class="cue" id="t-1160" data-t="1160">there's nothing we can do about that.</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">Rob Palmer</b> <span class="cue" id="t-1163" data-t="1163">So this puts the Bitcoin anarchists in a pretty difficult position,</span> <span class="cue" id="t-1168" data-t="1168">which is</span> <span class="cue" id="t-1170" data-t="1170">that like,</span> <span class="cue" id="t-1171" data-t="1171">they don't like statism, they don't like status.</span> <span class="cue" id="t-1175" data-t="1175">But</span> <span class="cue" id="t-1177" data-t="1177">if you're not gonna be tolerant of people with different political views, and it inherently means you're homophobic,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1183">19:43</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1183" data-t="1183">that that and that's not good for Bitcoin.</span> <span class="cue" id="t-1187" data-t="1187">No. You know, like, what do you what do you do with that? Like, do you do you have to change your political views,</span> <span class="cue" id="t-1193" data-t="1193">to be more tolerant?</span> <span class="cue" id="t-1195" data-t="1195">Or</span> <span class="cue" id="t-1197" data-t="1197">like, how do you how do you handle that? How do you</span> <span class="cue" id="t-1200" data-t="1200">handle, like, believing</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1201">20:01</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1201" data-t="1201">what you believe?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1203">20:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1203" data-t="1203">It's not just</span> <span class="cue" id="t-1205" data-t="1205">enough</span> <span class="cue" id="t-1207" data-t="1207">to</span> <span class="cue" id="t-1208" data-t="1208">be I mean, do we have a, I guess, for lack of a better term, we'll use homophobic to refer to people who are anti Fed</span> <span class="cue" id="t-1216" data-t="1216">It's not just enough to be</span> <span class="cue" id="t-1219" data-t="1219">not be</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1220">20:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1220" data-t="1220">homophobic. You have to be anti</span> <span class="cue" id="t-1223" data-t="1223">homophobic.</span> <span class="cue" id="t-1224" data-t="1224">You have to actively</span> <span class="cue" id="t-1226" data-t="1226">do the emotional labor</span> <span class="cue" id="t-1229" data-t="1229">of</span> <span class="cue" data-t="1229">not being prejudiced</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1232">20:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1232" data-t="1232">against people just because they have different political views than you, just because somebody believes</span> <span class="cue" id="t-1238" data-t="1238">that it's important to vote and that it's important to,</span> <span class="cue" id="t-1244" data-t="1244">follow</span> <span class="cue" id="t-1245" data-t="1245">the rules of democracy and it's important to pay your taxes.</span> <span class="cue" id="t-1249" data-t="1249">You can't</span> <span class="cue" id="t-1251" data-t="1251">discriminate against people just because they have those beliefs</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1255">20:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1255" data-t="1255">that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1256">20:56</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1256" data-t="1256">is against the Bitcoin or Ethos. So, like, how do you prove that you're not homophobic?</span> <span class="cue" id="t-1267" data-t="1267">Inclusive person</span> <span class="cue" id="t-1268" data-t="1268">to build that credibility? Do you have to,</span> <span class="cue" id="t-1271" data-t="1271">like, engage</span> <span class="cue" id="t-1276" data-t="1276">in homosexuality?</span> <span class="cue" id="t-1277" data-t="1277">Do you have to go and make out with a dude?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1280">21:20</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1280" data-t="1280">Is that how you prove it? Or You can prove it</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1284">21:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1284" data-t="1284">by buying</span> <span class="cue" id="t-1286" data-t="1286">shares of our strategy.</span> <span class="cue" id="t-1288" data-t="1288">You're putting your money where your mouth is.</span> <span class="cue" id="t-1291" data-t="1291">You</span> <span class="cue" id="t-1292" data-t="1292">are essentially</span> <span class="cue" id="t-1294" data-t="1294">saying without actually</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1298">21:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1298" data-t="1298">sucking</span> <span class="cue" id="t-1299" data-t="1299">a dick, you're doing that</span> <span class="cue" id="t-1302" data-t="1302">metaphorically</span> <span class="cue" id="t-1305" data-t="1305">by putting</span> <span class="cue" id="t-1306" data-t="1306">your time and your energy</span> <span class="cue" id="t-1308" data-t="1308">monetized time and energy</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1310">21:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1310" data-t="1310">into</span> <span class="cue" id="t-1312" data-t="1312">the regulated</span> <span class="cue" id="t-1313" data-t="1313">stock market</span> <span class="cue" id="t-1314" data-t="1314">and that you're proving, Hey, I</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1317">21:57</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1317" data-t="1317">am not homophobic. Well, one of my fears</span> <span class="cue" id="t-1320" data-t="1320">is</span> <span class="cue" id="t-1321" data-t="1321">that in this community, there's a lot of Bitcoin anarchists, right?</span> <span class="cue" id="t-1324" data-t="1324">And they don't believe</span> <span class="cue" id="t-1326" data-t="1326">in paying taxes,</span> <span class="cue" id="t-1328" data-t="1328">partially because they can't afford to pay taxes.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1331">22:11</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1331" data-t="1331">They don't make enough money to afford to pay taxes. Right. Right.</span> <span class="cue" id="t-1335" data-t="1335">It's like a very, like, privileged position to be able to say, hey. I can afford to pay taxes</span> <span class="cue" id="t-1340" data-t="1340">in our society today.</span> <span class="cue" id="t-1345" data-t="1345">And, like, Gladstein talks about this all the time, you know, about,</span> <span class="cue" id="t-1350" data-t="1350">like, how Westerners need to check their financial privilege because, you know, many people in the West can afford to pay taxes whereas</span> <span class="cue" id="t-1357" data-t="1357">a lot of people in the Global South can't. They don't want to buy</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1362">22:42</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1362" data-t="1362">micro strategy. So</span> <span class="cue" id="t-1364" data-t="1364">they inevitably</span> <span class="cue" id="t-1365" data-t="1365">cannot</span> <span class="cue" id="t-1367" data-t="1367">prove that they're not homophobic. Jason Robert Leonard (zero twenty seven:thirty seven): Yeah. No, that's a real problem.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1373">22:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1373" data-t="1373">One of the things that Saylor was accused of</span> <span class="cue" id="t-1377" data-t="1377">in</span> <span class="cue" id="t-1378" data-t="1378">this Markets of Madison interview,</span> <span class="cue" id="t-1381" data-t="1381">let's say, he's pumping his bag saying that he used,</span> <span class="cue" id="t-1387" data-t="1387">people like NVK,</span> <span class="cue" id="t-1390" data-t="1390">the guy at SeaSiner</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1391">23:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1391" data-t="1391">and others, they're saying that</span> <span class="cue" id="t-1395" data-t="1395">they stirred up this FUD, this,</span> <span class="cue" id="t-1398" data-t="1398">anxiety</span> <span class="cue" id="t-1400" data-t="1400">over government confiscation,</span> <span class="cue" id="t-1404" data-t="1404">banning Bitcoin</span> <span class="cue" id="t-1406" data-t="1406">and stealing it from</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1408">23:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1408" data-t="1408">individual holders.</span> <span class="cue" id="t-1409" data-t="1409">He says they've drawn that up so that they can</span> <span class="cue" id="t-1413" data-t="1413">generate demand for their products.</span> <span class="cue" id="t-1416" data-t="1416">SV was basically</span> <span class="cue" id="t-1419" data-t="1419">showing</span> <span class="cue" id="t-1420" data-t="1420">his micro strategy bags, his product.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1423">23:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1423" data-t="1423">And I think that's why that's for some of these</span> <span class="cue" id="t-1425" data-t="1425">Bitcoin anarchists,</span> <span class="cue" id="t-1427" data-t="1427">what they do is they can't afford to pay taxes.</span> <span class="cue" id="t-1431" data-t="1431">So they are</span> <span class="cue" id="t-1433" data-t="1433">they're kind of shilling the</span> <span class="cue" id="t-1436" data-t="1436">strategy, the politics, the ideology</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1440">24:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1440" data-t="1440">of what benefits them personally</span> <span class="cue" id="t-1443" data-t="1443">instead of thinking about</span> <span class="cue" id="t-1446" data-t="1446">people who do pay their taxes and can afford to pay their taxes, they might not necessarily</span> <span class="cue" id="t-1451" data-t="1451">identify</span> <span class="cue" id="t-1452" data-t="1452">with this anarchist,</span> <span class="cue" id="t-1455" data-t="1455">ideology.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1455">24:15</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" data-t="1455">Yeah. I mean, it just seems like Sailor's in a really difficult position</span> <span class="cue" id="t-1459" data-t="1459">because</span> <span class="cue" id="t-1461" data-t="1461">he's he's having to operate</span> <span class="cue" id="t-1463" data-t="1463">and sell a product in a community that</span> <span class="cue" id="t-1466" data-t="1466">has expressed</span> <span class="cue" id="t-1468" data-t="1468">very high levels of homophobia.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1470">24:30</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1470" data-t="1470">You know what I mean? Mhmm. And so if he is a gay man, it just it it just puts him in a weird position to essentially like be in a community that doesn't accept him</span> <span class="cue" id="t-1480" data-t="1480">for who he is. Right. Put yourself</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1483">24:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1483" data-t="1483">put yourself in his shoes for a moment</span> <span class="cue" id="t-1486" data-t="1486">and think about</span> <span class="cue" id="t-1488" data-t="1488">you going into your job</span> <span class="cue" id="t-1491" data-t="1491">or your, you know, your family Thanksgiving</span> <span class="cue" id="t-1495" data-t="1495">or your friend group</span> <span class="cue" id="t-1497" data-t="1497">and you are</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1498">24:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1498" data-t="1498">a closeted</span> <span class="cue" id="t-1500" data-t="1500">crypto anarchist.</span> <span class="cue" id="t-1503" data-t="1503">If you talk about the things you share with those people in those group chats, these normie group chats, the kind of memes that you're sharing in the crypto anarchist</span> <span class="cue" id="t-1513" data-t="1513">group chats,</span> <span class="cue" id="t-1516" data-t="1516">you're going to offend people, you're going to shock people potentially</span> <span class="cue" id="t-1519" data-t="1519">and you might get banned</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1521">25:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1521" data-t="1521">from</span> <span class="cue" id="t-1524" data-t="1524">My uncle often gets banned from Facebook</span> <span class="cue" id="t-1527" data-t="1527">for posting extremely</span> <span class="cue" id="t-1528" data-t="1528">controversial memes</span> <span class="cue" id="t-1531" data-t="1531">and kind of, you know, they're very homophobic memes.</span> <span class="cue" id="t-1534" data-t="1534">So you can't</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1535">25:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1535" data-t="1535">just</span> <span class="cue" id="t-1537" data-t="1537">go into these</span> <span class="cue" id="t-1539" data-t="1539">hostile</span> <span class="cue" id="t-1542" data-t="1542">situations</span> <span class="cue" id="t-1543" data-t="1543">and</span> <span class="cue" id="t-1545" data-t="1545">and be your true</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1547">25:47</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1547" data-t="1547">unbruned</span> <span class="cue" id="t-1548" data-t="1548">self</span> <span class="cue" id="t-1549" data-t="1549">You have to kind of test the waters because the stakes are high One of the worst things that can happen to any individual is to</span> <span class="cue" id="t-1556" data-t="1556">be banned or cast out from</span> <span class="cue" id="t-1559" data-t="1559">their tribe or their community because if you were alone</span> <span class="cue" id="t-1563" data-t="1563">against a collective</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1565">26:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1565" data-t="1565">effort, it's very difficult to survive in those situations</span> <span class="cue" id="t-1569" data-t="1569">See,</span> <span class="cue" id="t-1571" data-t="1571">think about what Sailor's doing He's going into this community</span> <span class="cue" id="t-1575" data-t="1575">He was orange pill by Bitcoin podcast,</span> <span class="cue" id="t-1578" data-t="1578">but if he is in fact a fed, he's a front of Sierra for people who buy hate.</span> <span class="cue" id="t-1583" data-t="1583">How does he not get kicked out? And it's a very delicate out.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1588">26:28</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1588" data-t="1588">Yeah. I mean, it's a hard position, you know, to go</span> <span class="cue" id="t-1591" data-t="1591">from like the king of PodConf</span> <span class="cue" id="t-1593" data-t="1593">to</span> <span class="cue" id="t-1595" data-t="1595">potentially being cast out, to be uninvited from conferences</span> <span class="cue" id="t-1599" data-t="1599">to,</span> <span class="cue" id="t-1602" data-t="1602">and we've seen this. Like Jen Erso</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1604">26:44</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1604" data-t="1604">has made</span> <span class="cue" id="t-1605" data-t="1605">comments</span> <span class="cue" id="t-1607" data-t="1607">in favor of gay people and has upset a lot of people. So we've seen the evidence.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1614">26:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1614" data-t="1614">Right, exactly. Right. She is</span> <span class="cue" id="t-1618" data-t="1618">a perfect example</span> <span class="cue" id="t-1620" data-t="1620">of</span> <span class="cue" id="t-1621" data-t="1621">the risks you take</span> <span class="cue" id="t-1623" data-t="1623">standing up for what you believe in if what you believe in is in conflict with the narrative</span> <span class="cue" id="t-1629" data-t="1629">that dominates</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1631">27:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1631" data-t="1631">the subculture you</span> <span class="cue" id="t-1633" data-t="1633">are interacting with,</span> <span class="cue" id="t-1636" data-t="1636">right? And it's, you know, think about</span> <span class="cue" id="t-1638" data-t="1638">that</span> <span class="cue" id="t-1640" data-t="1640">if you</span> <span class="cue" id="t-1642" data-t="1642">are trying to you're an orange cell</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1644">27:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1644" data-t="1644">and you're trying to meet and date</span> <span class="cue" id="t-1647" data-t="1647">a girl for the first time who might be</span> <span class="cue" id="t-1651" data-t="1651">more on the normie side,</span> <span class="cue" id="t-1654" data-t="1654">how would you answer some of those questions when she's asking you about Bitcoin? Are you going to immediately</span> <span class="cue" id="t-1661" data-t="1661">reveal</span> <span class="cue" id="t-1662" data-t="1662">your crypto anarchist ideology or are you going to,</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">kind of soften the blow and warm her up to it?</span> <span class="cue" id="t-1670" data-t="1670">And that's what Saylor was doing. Like I said, he was, he was talking to,</span> <span class="cue" id="t-1675" data-t="1675">a hot blade who had just DM ed him about Bitcoin. Jason Peterson (3five 30: So I think we need</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1682">28:02</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1682" data-t="1682">to put in a pin on this or a bow on this topic. I think we need to get somebody,</span> <span class="cue" id="t-1687" data-t="1687">either us or somebody else</span> <span class="cue" id="t-1689" data-t="1689">to ask Sailor</span> <span class="cue" id="t-1691" data-t="1691">directly if he thinks Lynn Alden is hot</span> <span class="cue" id="t-1694" data-t="1694">and then we can kind</span> <span class="cue" id="t-1696" data-t="1696">of settle this question</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">Rob Palmer</b> <span class="cue" id="t-1699" data-t="1699">that everybody wants to know the answer to. Yeah. The next person that gets the opportunity</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1705">28:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1705" data-t="1705">to interview him</span> <span class="cue" id="t-1707" data-t="1707">or just ask him</span> <span class="cue" id="t-1709" data-t="1709">on the record or off the record,</span> <span class="cue" id="t-1711" data-t="1711">just ask him that question.</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">Rob Palmer</b> <span class="cue" id="t-1714" data-t="1714">Yeah.</span> <span class="cue" id="t-1715" data-t="1715">I don't know if you had the opportunity to listen to,</span> <span class="cue" id="t-1720" data-t="1720">I did an episode with high hash rate recently.</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">I did listen to that. That was,</span> <span class="cue" id="t-1726" data-t="1726">that was last week. Is that when that came out?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1729">28:49</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1729" data-t="1729">Yeah. I think it was last week. It it all kinda</span> <span class="cue" id="t-1732" data-t="1732">you know, when when you are the news cycle, it kinda all borders together.</span> <span class="cue" id="t-1736" data-t="1736">Right?</span> <span class="cue" id="t-1737" data-t="1737">Right.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1740">29:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1740" data-t="1740">But,</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">Rob Palmer</b> <span class="cue" id="t-1742" data-t="1742">yeah. I asked Mike directly.</span> <span class="cue" id="t-1744" data-t="1744">So there's two people on the show, Dan and Mike. Mhmm. I asked Mike</span> <span class="cue" id="t-1749" data-t="1749">if he thought Lynn Alden was hot,</span> <span class="cue" id="t-1752" data-t="1752">and</span> <span class="cue" id="t-1754" data-t="1754">he</span> <span class="cue" data-t="1754">was very uncomfortable</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1756">29:16</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1756" data-t="1756">answering it. Kind of Yeah. That leading me to wonder if he's gay.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1761">29:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1761" data-t="1761">Yeah, I noticed that. I noticed he was,</span> <span class="cue" id="t-1764" data-t="1764">it was</span> <span class="cue" id="t-1765" data-t="1765">as soon as you asked him that question,</span> <span class="cue" id="t-1768" data-t="1768">he was</span> <span class="cue" id="t-1769" data-t="1769">doing a lot of mental calculus</span> <span class="cue" id="t-1771" data-t="1771">about,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1773">29:33</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1773" data-t="1773">thinking, is this a trick question? How do I answer this? What do I say? Do I tell the truth? You could see all that going through his mind just by looking at his face in</span> <span class="cue" id="t-1783" data-t="1783">the video that</span> <span class="cue" id="t-1784" data-t="1784">Adam said</span> <span class="cue" id="t-1786" data-t="1786">and it</span> <span class="cue" id="t-1787" data-t="1787">was telling. So to go back to the concept of the show, you were just on high hatchery and to go back to the conversation where we're just having,</span> <span class="cue" id="t-1796" data-t="1796">getting really high</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1798">29:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1798" data-t="1798">and</span> <span class="cue" id="t-1799" data-t="1799">being interviewed or interviewing</span> <span class="cue" id="t-1802" data-t="1802">somebody, you know, that you don't necessarily</span> <span class="cue" id="t-1805" data-t="1805">know very well that's gonna be it's gonna be a public conversation</span> <span class="cue" id="t-1809" data-t="1809">about very sensitive</span> <span class="cue" id="t-1812" data-t="1812">highly complex topics</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1815">30:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1815" data-t="1815">That</span> <span class="cue" id="t-1816" data-t="1816">sounds like</span> <span class="cue" id="t-1817" data-t="1817">it would be a challenge.</span> <span class="cue" id="t-1819" data-t="1819">Was that a challenge for you?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1822">30:22</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1822" data-t="1822">Yeah, it was definitely a challenge for me getting high and going on a podcast</span> <span class="cue" id="t-1828" data-t="1828">because I felt like it was necessary for me to do that. So I can't imagine what it'd be like</span> <span class="cue" id="t-1833" data-t="1833">to</span> <span class="cue" id="t-1834" data-t="1834">be the the host of that podcast. It'd be very difficult to imagine.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1839">30:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1839" data-t="1839">I was thinking the same thing. I think that</span> <span class="cue" id="t-1842" data-t="1842">a lot of people think I get high and I listen to Bitcoin podcasts.</span> <span class="cue" id="t-1848" data-t="1848">So it would be very easy</span> <span class="cue" id="t-1851" data-t="1851">on the surface to say, Oh, I could get high</span> <span class="cue" id="t-1855" data-t="1855">and be on a Bitcoin podcast, but that is,</span> <span class="cue" id="t-1859" data-t="1859">that's a very big</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">Rob Palmer</b> <span class="cue" id="t-1860" data-t="1860">difference. I don't know if I could handle that. Yeah. I mean, it's a challenge. I mean, I think you</span> <span class="cue" id="t-1866" data-t="1866">have to practice like,</span> <span class="cue" id="t-1868" data-t="1868">you know,</span> <span class="cue" id="t-1870" data-t="1870">it's it's kind of silly that driving drunk is illegal.</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">Richard Greaser</b> <span class="cue" id="t-1874" data-t="1874">Right.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1876">31:16</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1876" data-t="1876">And I think part of the reason why it's illegal is because, you know, there's a lot of teenagers out there that</span> <span class="cue" id="t-1882" data-t="1882">haven't gotten the experience</span> <span class="cue" id="t-1884" data-t="1884">to learn how to drive drunk and they create problems.</span> <span class="cue" id="t-1887" data-t="1887">Sure. Sure. And there there's just like a cultural taboo</span> <span class="cue" id="t-1891" data-t="1891">around driving drunk,</span> <span class="cue" id="t-1893" data-t="1893">which means that, you know, people</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1897">31:37</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1897" data-t="1897">don't think that they can do it, so they try and they try and hide it.</span> <span class="cue" id="t-1901" data-t="1901">They don't teach how to do it</span> <span class="cue" id="t-1904" data-t="1904">in driver's ed.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1906">31:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1906" data-t="1906">Yeah. I I think that</span> <span class="cue" id="t-1908" data-t="1908">if you make</span> <span class="cue" id="t-1909" data-t="1909">drinking and driving illegal</span> <span class="cue" id="t-1912" data-t="1912">then what you're doing is you're basically</span> <span class="cue" id="t-1916" data-t="1916">to ride The only people who will drive drunk</span> <span class="cue" id="t-1920" data-t="1920">or be found riding drunk They're thinking too hard about not</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1927">32:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1927" data-t="1927">seeming to be like they're drunk and driving</span> <span class="cue" id="t-1931" data-t="1931">instead of just</span> <span class="cue" id="t-1932" data-t="1932">trusting their instincts</span> <span class="cue" id="t-1935" data-t="1935">and just being natural So it's like you're causing people to overthink</span> <span class="cue" id="t-1939" data-t="1939">kind of like when you asked Mike</span> <span class="cue" id="t-1941" data-t="1941">about if he thought Lyn Alden was hot,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1944">32:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1944" data-t="1944">he immediately was starting to think, Well, how do I answer this question? I don't know what the right answer is. I don't know what he wants me to say</span> <span class="cue" id="t-1953" data-t="1953">instead of just</span> <span class="cue" id="t-1954" data-t="1954">going with food and</span> <span class="cue" id="t-1957" data-t="1957">that's how you drink and drive safely is you just let the liquor do the driving.</span> <span class="cue" id="t-1962" data-t="1962">You just go with it, you put on the music, you light a cigarette and you just let</span> <span class="cue" id="t-1967" data-t="1967">Jim Beam take the wheel.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1970">32:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1970" data-t="1970">If you're overthinking it,</span> <span class="cue" id="t-1972" data-t="1972">that's how you end up getting into trouble. That's how you end up crashing. That's how you end up</span> <span class="cue" id="t-1977" data-t="1977">blowing through a red light and T boning another car.</span> <span class="cue" id="t-1982" data-t="1982">Just don't overthink it</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1984">33:04</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-1984" data-t="1984">Well, this is one of the reasons why a lot of men say that women aren't good drivers, right? It's because women have a tendency to overthink things</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1993">33:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1993" data-t="1993">Right, exactly</span> <span class="cue" id="t-1994" data-t="1994">It's just a natural</span> <span class="cue" id="t-1996" data-t="1996">it's just a natural part,</span> <span class="cue" id="t-1998" data-t="1998">inherent</span> <span class="cue" id="t-1999" data-t="1999">quality</span> <span class="cue" id="t-2000" data-t="2000">of being a woman.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2002">33:22</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2002" data-t="2002">Yeah.</span> <span class="cue" id="t-2003" data-t="2003">And like, you know, sometimes that like if you think about it, what's kind of interesting is this is probably one of the reasons why</span> <span class="cue" id="t-2012" data-t="2012">women</span> <span class="cue" id="t-2014" data-t="2014">have so much potential to be successful Bitcoin podcasters, because part of being a good Bitcoin podcaster is</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2020">33:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2020" data-t="2020">just overthinking things. Jason Peterson (zero fifty three:thirty seven): Right.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2025">33:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2025" data-t="2025">A really good way</span> <span class="cue" id="t-2027" data-t="2027">to know if,</span> <span class="cue" id="t-2029" data-t="2029">the girl that you met and referring with at a bar,</span> <span class="cue" id="t-2033" data-t="2033">you're going home with her</span> <span class="cue" id="t-2034" data-t="2034">to spend the evening</span> <span class="cue" id="t-2036" data-t="2036">to know that, you know, if you have any suspicion</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2040">33:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2040" data-t="2040">that she might be trans,</span> <span class="cue" id="t-2043" data-t="2043">let her drive you home.</span> <span class="cue" id="t-2044" data-t="2044">If she's a good driver,</span> <span class="cue" id="t-2047" data-t="2047">then</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2048">34:08</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2048" data-t="2048">that might be a red flag. Well, Kaylee is a good driver and she's a good driver when she's drunk.</span> <span class="cue" id="t-2054" data-t="2054">I'm pretty sure she's not trans.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2056">34:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2056" data-t="2056">Yeah. But I would never have suspected her. Why so? I don't.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2059">34:19</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2059" data-t="2059">Because she's she's just so hot. Yeah. So do you I mean, do you think there's like a certain level of hotness that rules out you being trans?</span> <span class="cue" id="t-2069" data-t="2069">Rules out a woman from being trans?</span> <span class="cue" id="t-2071" data-t="2071">Like, if if you're, like, an eight,</span> <span class="cue" id="t-2075" data-t="2075">you're still, like, potentially in the danger zone. But if you're, like, a 10, you're out of the danger zone.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2082">34:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2082" data-t="2082">Like what what is the what is the threshold? It's a good clash, ticket clash. I think everybody's got a different threshold,</span> <span class="cue" id="t-2090" data-t="2090">of, you know,</span> <span class="cue" id="t-2092" data-t="2092">if they're like 10,</span> <span class="cue" id="t-2095" data-t="2095">maybe</span> <span class="cue" id="t-2096" data-t="2096">you throw caution to the wind. If they're saddened,</span> <span class="cue" id="t-2101" data-t="2101">you're probably going to be more</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2104">35:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2104" data-t="2104">there's going to be more scrutiny</span> <span class="cue" id="t-2106" data-t="2106">over your decision there.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2108">35:08</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2108" data-t="2108">So everybody has a different risk tolerance is what you're saying. Matthew (3five 30: Exactly. Exactly. Some people are willing</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2117">35:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2117" data-t="2117">to metaphorically</span> <span class="cue" id="t-2118" data-t="2118">just go down on it and buy</span> <span class="cue" id="t-2121" data-t="2121">micro strategy stock. Some people,</span> <span class="cue" id="t-2125" data-t="2125">they need a two or three multisig.</span> <span class="cue" id="t-2128" data-t="2128">Please</span> <span class="cue" id="t-2129" data-t="2129">disperse geographically,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2132">35:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2132" data-t="2132">because they don't want to take the risk. Yeah. Interesting. Got an apples to oranges comparison there, but I think you might be able to kind of get what I'm trying</span> <span class="cue" id="t-2142" data-t="2142">to communicate there, I hope.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2145">35:45</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2145" data-t="2145">Yeah, I guess one of the challenges, so like, one of the things a lot of Bitcoin podcaster</span> <span class="cue" id="t-2150" data-t="2150">listeners</span> <span class="cue" id="t-2151" data-t="2151">really care about is they care about</span> <span class="cue" id="t-2154" data-t="2154">objective reality,</span> <span class="cue" id="t-2155" data-t="2155">objective truth. Yeah.</span> <span class="cue" id="t-2158" data-t="2158">Yeah. Keith Ellis (3zero 50: And so, um- Jason Peterson (3zero 50: This is why our animals</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">Richard Greaser</b> <span class="cue" id="t-2163" data-t="2163">are so controversial</span> <span class="cue" id="t-2165" data-t="2165">because</span> <span class="cue" id="t-2166" data-t="2166">wormholes</span> <span class="cue" id="t-2167" data-t="2167">are subjective,</span> <span class="cue" id="t-2168" data-t="2168">right?</span> <span class="cue" id="t-2170" data-t="2170">You can</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2173">36:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2173" data-t="2173">play out</span> <span class="cue" id="t-2175" data-t="2175">the iteration</span> <span class="cue" id="t-2177" data-t="2177">or the,</span> <span class="cue" id="t-2178" data-t="2178">the set of this number theory</span> <span class="cue" id="t-2181" data-t="2181">a trillion times</span> <span class="cue" id="t-2183" data-t="2183">and get the same</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2185">36:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2185" data-t="2185">outcomes</span> <span class="cue" id="t-2186" data-t="2186">deterministically,</span> <span class="cue" id="t-2188" data-t="2188">that are predicted</span> <span class="cue" id="t-2190" data-t="2190">by the theory</span> <span class="cue" id="t-2192" data-t="2192">but</span> <span class="cue" id="t-2194" data-t="2194">objectively,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2196">36:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2196" data-t="2196">Sats do not exist.</span> <span class="cue" id="t-2198" data-t="2198">So, it's like you might use this protocol on top of an abstract</span> <span class="cue" id="t-2203" data-t="2203">set</span> <span class="cue" id="t-2206" data-t="2206">of Satoshi's, of Bitcoin and debt exactly what you're</span> <span class="cue" id="t-2211" data-t="2211">expecting</span> <span class="cue" id="t-2212" data-t="2212">per transaction.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2215">36:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2215" data-t="2215">However,</span> <span class="cue" id="t-2216" data-t="2216">Sats don't exist,</span> <span class="cue" id="t-2218" data-t="2218">so it's a shitcoin. Yeah. So,</span> <span class="cue" id="t-2221" data-t="2221">it's not to belabor the point. There is a little bit</span> <span class="cue" id="t-2225" data-t="2225">of,</span> <span class="cue" id="t-2226" data-t="2226">other</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2227">37:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2227" data-t="2227">spicy news why I want to make it to you just really awake I'm actually working on a story so you'll be able to see that one We'll publish that one some point today, possibly tomorrow at the latest</span> <span class="cue" id="t-2239" data-t="2239">But it seems that there was a leaked letter,</span> <span class="cue" id="t-2242" data-t="2242">from</span> <span class="cue" id="t-2243" data-t="2243">a limited partner, an investor</span> <span class="cue" id="t-2246" data-t="2246">at ten thirty one</span> <span class="cue" id="t-2248" data-t="2248">Ventures.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2250">37:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2250" data-t="2250">And Matt O'Dell wrote a letter to those investors in the past week</span> <span class="cue" id="t-2255" data-t="2255">and he revealed</span> <span class="cue" id="t-2257" data-t="2257">that ten thirty one had to recently</span> <span class="cue" id="t-2260" data-t="2260">take a 2,500,000</span> <span class="cue" id="t-2262" data-t="2262">stake</span> <span class="cue" id="t-2263" data-t="2263">in a beef to aloe,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2265">37:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2265" data-t="2265">anal lube</span> <span class="cue" id="t-2267" data-t="2267">startup</span> <span class="cue" id="t-2268" data-t="2268">that was linked to Diddy.</span> <span class="cue" id="t-2271" data-t="2271">They had to write that investment off completely, took a total loss.</span> <span class="cue" id="t-2276" data-t="2276">The entrepreneur</span> <span class="cue" id="t-2277" data-t="2277">had a new line of beef tallow lube</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2281">38:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2281" data-t="2281">much better than, seed oil lubes They're most common like Astraglyte,</span> <span class="cue" id="t-2285" data-t="2285">AY jelly,</span> <span class="cue" id="t-2287" data-t="2287">but this beef tallow</span> <span class="cue" id="t-2288" data-t="2288">lube, you know, the whole</span> <span class="cue" id="t-2292" data-t="2292">apparently</span> <span class="cue" id="t-2293" data-t="2293">the entire marketing, the business</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2295">38:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2295" data-t="2295">plan was to partner with Diddy and to sell the beef towel to Diddy for Diddy parties,</span> <span class="cue" id="t-2301" data-t="2301">bitcoin conferences,</span> <span class="cue" id="t-2304" data-t="2304">some of</span> <span class="cue" id="t-2305" data-t="2305">these swan sex cult parties,</span> <span class="cue" id="t-2309" data-t="2309">fad parties, whatever you want, yacht parties,</span> <span class="cue" id="t-2312" data-t="2312">it was gonna be a smashing hit success.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2315">38:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2315" data-t="2315">Unfortunately,</span> <span class="cue" id="t-2317" data-t="2317">with the arrest of Diddy,</span> <span class="cue" id="t-2320" data-t="2320">the main buyer</span> <span class="cue" id="t-2322" data-t="2322">of this beef towel lube is now</span> <span class="cue" id="t-2325" data-t="2325">facing</span> <span class="cue" id="t-2326" data-t="2326">probably spending the rest of his life in prison</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2329">38:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2329" data-t="2329">or at least not suiciding himself in prison</span> <span class="cue" id="t-2334" data-t="2334">so that's a huge loss</span> <span class="cue" id="t-2336" data-t="2336">10 '31</span> <span class="cue" id="t-2338" data-t="2338">They</span> <span class="cue" id="t-2339" data-t="2339">I don't know if they've had too many successful investments</span> <span class="cue" id="t-2343" data-t="2343">in their short history as a venture,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2347">39:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2347" data-t="2347">fund</span> <span class="cue" data-t="2347">But this one hurt. This is a total loss.</span> <span class="cue" id="t-2350" data-t="2350">Some of the investors were</span> <span class="cue" id="t-2353" data-t="2353">a</span> <span class="cue" id="t-2354" data-t="2354">little bit disappointed, a little bit disheartened</span> <span class="cue" id="t-2357" data-t="2357">by that loss, which is probably why they leaked</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2360">39:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2360" data-t="2360">leaked that letter,</span> <span class="cue" id="t-2361" data-t="2361">but we'll have more on that story. I don't know if you had any quick reactions on that one before we move on, but I just thought that was something</span> <span class="cue" id="t-2370" data-t="2370">interesting to share and</span> <span class="cue" id="t-2373" data-t="2373">gave an gives an insight to what some of these Bitcoin VCs,</span> <span class="cue" id="t-2376" data-t="2376">some of the wishes they have to take,</span> <span class="cue" id="t-2379" data-t="2379">some of the visions that they have to try to execute on that are very,</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">Richard Greaser</b> <span class="cue" id="t-2383" data-t="2383">very rough sketches</span> <span class="cue" id="t-2385" data-t="2385">of what can it be. If I was a $10.31</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2388">39:48</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2388" data-t="2388">investor right now,</span> <span class="cue" id="t-2390" data-t="2390">I would want to understand</span> <span class="cue" id="t-2392" data-t="2392">when they were</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2394">39:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2394" data-t="2394">going to make a strategic decision to try and make money. Can you say that again? What do you mean? Like, when are you essentially saying when are they going to</span> <span class="cue" id="t-2402" data-t="2402">actually make some money?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2404">40:04</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2404" data-t="2404">Yeah. When are they going to start trying to actually invest in profitable endeavors? Maybe this strategy is just to</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2411">40:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2411" data-t="2411">not experience capital gains because if you don't experience capital gains, you don't have to pay your taxes So it's either, you know, I'd say</span> <span class="cue" id="t-2420" data-t="2420">some ten thirty one investors</span> <span class="cue" id="t-2422" data-t="2422">are upset</span> <span class="cue" id="t-2424" data-t="2424">that they have invested</span> <span class="cue" id="t-2427" data-t="2427">a lot of their money</span> <span class="cue" id="t-2428" data-t="2428">and they still can't afford to pay their taxes</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2432">40:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2432" data-t="2432">and</span> <span class="cue" id="t-2433" data-t="2433">some might think</span> <span class="cue" id="t-2435" data-t="2435">that ten thirty one is intentionally</span> <span class="cue" id="t-2438" data-t="2438">avoiding being able to afford to pay their taxes</span> <span class="cue" id="t-2442" data-t="2442">I guess it kind of comes down to your</span> <span class="cue" id="t-2445" data-t="2445">perspective</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2446">40:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2446" data-t="2446">on that strategy and what they might be</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2450">40:50</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2450" data-t="2450">doing So you think that ten thirty one is like</span> <span class="cue" id="t-2454" data-t="2454">harvesting</span> <span class="cue" data-t="2454">losses intentionally</span> <span class="cue" id="t-2456" data-t="2456">for tax reasons?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2458">40:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2458" data-t="2458">If</span> <span class="cue" id="t-2459" data-t="2459">they</span> <span class="cue" id="t-2460" data-t="2460">If ten thirty one</span> <span class="cue" id="t-2463" data-t="2463">was intentionally</span> <span class="cue" id="t-2465" data-t="2465">losing money</span> <span class="cue" id="t-2466" data-t="2466">to not be able to afford their taxes,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2470">41:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2470" data-t="2470">what would they be doing</span> <span class="cue" id="t-2472" data-t="2472">differently than what they're doing right now?</span> <span class="cue" id="t-2475" data-t="2475">I'd say</span> <span class="cue" id="t-2476" data-t="2476">there's an old saying which is</span> <span class="cue" id="t-2479" data-t="2479">the purpose of a system is what it does.</span> <span class="cue" id="t-2482" data-t="2482">And if country one</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2484">41:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2484" data-t="2484">is losing money,</span> <span class="cue" id="t-2486" data-t="2486">I would assume that that's the purpose of that fund.</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">Rob Palmer</b> <span class="cue" id="t-2490" data-t="2490">Well, that makes a lot of sense because,</span> <span class="cue" id="t-2495" data-t="2495">while Bitcoin makes it easier for you to afford taxes because it goes up in USDT</span> <span class="cue" id="t-2502" data-t="2502">value so quickly,</span> <span class="cue" id="t-2506" data-t="2506">still there</span> <span class="cue" id="t-2508" data-t="2508">are capital gains that need to be paid for that increase. Right? Right. Right. And so if you can harvest losses to offset it by investing in</span> <span class="cue" id="t-2519" data-t="2519">different projects that $10.31</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2521">42:01</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2521" data-t="2521">finds interesting. That's the way to do it, apparently.</span> <span class="cue" id="t-2527" data-t="2527">That's really smart. That's really smart.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2529">42:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2529" data-t="2529">It is really smart.</span> <span class="cue" id="t-2531" data-t="2531">So I need to listen, I'm</span> <span class="cue" id="t-2534" data-t="2534">just a journalist. I'm not an accredited</span> <span class="cue" id="t-2537" data-t="2537">investor.</span> <span class="cue" id="t-2539" data-t="2539">So</span> <span class="cue" id="t-2540" data-t="2540">take anything I say about the inter operating</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2545">42:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2545" data-t="2545">features</span> <span class="cue" id="t-2546" data-t="2546">of a venture capital fund. Got to take that with the grain install, right? We should become accredited investors. Could you imagine</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2553">42:33</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2553" data-t="2553">what the world would look like if we were accredited</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2557">42:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2557" data-t="2557">investors. I think under hyper Bitcoinization</span> <span class="cue" id="t-2560" data-t="2560">that, we</span> <span class="cue" id="t-2562" data-t="2562">will be credentialed investors</span> <span class="cue" id="t-2564" data-t="2564">and</span> <span class="cue" id="t-2566" data-t="2566">a</span> <span class="cue" id="t-2568" data-t="2568">lot of the Planet in Bitcoin podcast consumers</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2571">42:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2571" data-t="2571">will become</span> <span class="cue" id="t-2572" data-t="2572">credentialed investors at that point. And I think that's when we really start to turn around</span> <span class="cue" id="t-2578" data-t="2578">the economy.</span> <span class="cue" id="t-2580" data-t="2580">The economy will go from being fine,</span> <span class="cue" id="t-2583" data-t="2583">being outstanding.</span> <span class="cue" id="t-2584" data-t="2584">And I think</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2586">43:06</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2586" data-t="2586">it will</span> <span class="cue" id="t-2587" data-t="2587">be the result of</span> <span class="cue" id="t-2591" data-t="2591">orange tilled credential investors realizing that A, real estate is a shitcoin,</span> <span class="cue" id="t-2596" data-t="2596">stocks are shitcoins,</span> <span class="cue" id="t-2599" data-t="2599">Bonds are shitcoins</span> <span class="cue" id="t-2600" data-t="2600">The only thing that you should put any of your</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2604">43:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2604" data-t="2604">cash flows, money,</span> <span class="cue" id="t-2606" data-t="2606">savings in is Bitcoin</span> <span class="cue" id="t-2609" data-t="2609">and the rest of society</span> <span class="cue" id="t-2611" data-t="2611">will just</span> <span class="cue" id="t-2612" data-t="2612">totally,</span> <span class="cue" id="t-2614" data-t="2614">it'll just go to the moon. It'll be</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2616">43:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2616" data-t="2616">so great.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2618">43:38</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2618" data-t="2618">I just had a thought about Saylor. So,</span> <span class="cue" id="t-2621" data-t="2621">you</span> <span class="cue" id="t-2622" data-t="2622">know, he kind of blew up last cycle because he said</span> <span class="cue" id="t-2627" data-t="2627">there is no second best crypto asset.</span> <span class="cue" id="t-2630" data-t="2630">And so I'm kind of wondering,</span> <span class="cue" id="t-2634" data-t="2634">why somebody should buy MicroStrategy</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2636">43:56</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2636" data-t="2636">stock</span> <span class="cue" id="t-2637" data-t="2637">when they could</span> <span class="cue" id="t-2639" data-t="2639">buy the underlying</span> <span class="cue" id="t-2640" data-t="2640">asset</span> <span class="cue" id="t-2641" data-t="2641">in Coinbase</span> <span class="cue" id="t-2643" data-t="2643">who custodies the funds</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2645">44:05</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2645" data-t="2645">for MicroStrategy,</span> <span class="cue" id="t-2648" data-t="2648">if that makes sense. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2651">44:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2651" data-t="2651">That is the question that he's had a hard time</span> <span class="cue" id="t-2655" data-t="2655">answering.</span> <span class="cue" id="t-2656" data-t="2656">And I think that he</span> <span class="cue" id="t-2658" data-t="2658">tried to tell</span> <span class="cue" id="t-2660" data-t="2660">the Madison,</span> <span class="cue" id="t-2661" data-t="2661">Maddie, about He tried to give her that thesis and he talked about</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2667">44:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2667" data-t="2667">different metrics</span> <span class="cue" id="t-2668" data-t="2668">of volatility</span> <span class="cue" id="t-2670" data-t="2670">measures,</span> <span class="cue" id="t-2671" data-t="2671">different metrics</span> <span class="cue" id="t-2673" data-t="2673">of outside</span> <span class="cue" id="t-2674" data-t="2674">relative to</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2676">44:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2676" data-t="2676">potential risk of downside</span> <span class="cue" id="t-2678" data-t="2678">and how you could use those calculations. But</span> <span class="cue" id="t-2683" data-t="2683">at this time,</span> <span class="cue" id="t-2684" data-t="2684">if you're not a credentialed investor,</span> <span class="cue" id="t-2686" data-t="2686">you can't verify</span> <span class="cue" id="t-2688" data-t="2688">those strategies. You just don't have the qualifications</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2693">44:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2693" data-t="2693">and so as somebody who doesn't have</span> <span class="cue" id="t-2696" data-t="2696">those credentials or qualifications</span> <span class="cue" id="t-2699" data-t="2699">to fact check or verify the validity</span> <span class="cue" id="t-2703" data-t="2703">of Michael Samish claims,</span> <span class="cue" id="t-2706" data-t="2706">I'm going to essentially</span> <span class="cue" id="t-2708" data-t="2708">punt. I'm gonna</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2709">45:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2709" data-t="2709">set that aside. It's hard. I can't criticize that. I don't have the credentials to do so. I would hate it if somebody without</span> <span class="cue" id="t-2717" data-t="2717">journalistic credentials question my work.</span> <span class="cue" id="t-2720" data-t="2720">So, it's hard for me to it would be a hypocrite to do that to credential investors.</span> <span class="cue" id="t-2725" data-t="2725">Yeah. I can get</span> <span class="cue" id="t-2728" data-t="2728">like, some people don't like what he says, but he's a credentialed investor.</span> <span class="cue" id="t-2734" data-t="2734">So you have to have credentials if you want to argue with him. Interesting.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2738">45:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2738" data-t="2738">The other piece of the news that,</span> <span class="cue" id="t-2740" data-t="2740">I thought was pretty interesting this week and I wanted to get your reaction to</span> <span class="cue" id="t-2744" data-t="2744">was,</span> <span class="cue" id="t-2745" data-t="2745">it started out as a controversy</span> <span class="cue" id="t-2747" data-t="2747">that Nen Po was bribed by Ui and his ordinal Shikwena army</span> <span class="cue" id="t-2753" data-t="2753">to basically</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2756">45:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2756" data-t="2756">an emoji,</span> <span class="cue" id="t-2757" data-t="2757">and a little</span> <span class="cue" id="t-2759" data-t="2759">flag with different colors</span> <span class="cue" id="t-2762" data-t="2762">on some of the mempool</span> <span class="cue" id="t-2763" data-t="2763">features mempool space to basically</span> <span class="cue" id="t-2766" data-t="2766">identify if a transaction</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2768">46:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2768" data-t="2768">contained</span> <span class="cue" id="t-2769" data-t="2769">ordinals, inscriptions,</span> <span class="cue" id="t-2771" data-t="2771">BRC 20s, runes,</span> <span class="cue" id="t-2773" data-t="2773">any of that.</span> <span class="cue" id="t-2774" data-t="2774">Like we said, that subjective</span> <span class="cue" id="t-2777" data-t="2777">nonsense that they're</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2778">46:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2778" data-t="2778">spanning the chain with, there was a big controversy and it was a lot of it was coming from</span> <span class="cue" id="t-2785" data-t="2785">mechanic</span> <span class="cue" id="t-2786" data-t="2786">Luke Dash,</span> <span class="cue" id="t-2789" data-t="2789">the ocean, the people associated with ocean pool</span> <span class="cue" id="t-2792" data-t="2792">And then a tweet comes out late last week from, Moonautical and he says is the fact</span> <span class="cue" id="t-2798" data-t="2798">that allegedly</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2800">46:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2800" data-t="2800">people from the Ruins Ordinals community</span> <span class="cue" id="t-2803" data-t="2803">have been providing</span> <span class="cue" id="t-2805" data-t="2805">Ocean Pool</span> <span class="cue" id="t-2806" data-t="2806">to secretly</span> <span class="cue" id="t-2808" data-t="2808">include Ordinals transactions</span> <span class="cue" id="t-2811" data-t="2811">in their blocks.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2812">46:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2812" data-t="2812">So when they, you know,</span> <span class="cue" id="t-2814" data-t="2814">they don't find a block very often, but when they do, they need that block</span> <span class="cue" id="t-2819" data-t="2819">to be</span> <span class="cue" id="t-2820" data-t="2820">valuable</span> <span class="cue" id="t-2821" data-t="2821">in transaction fees,</span> <span class="cue" id="t-2824" data-t="2824">so that they can pay, pay out the people that are contributing</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2828">47:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2828" data-t="2828">half to their pool</span> <span class="cue" id="t-2829" data-t="2829">and by</span> <span class="cue" id="t-2831" data-t="2831">identifying</span> <span class="cue" id="t-2832" data-t="2832">very easily, so somebody who doesn't have to have a cipher punk</span> <span class="cue" id="t-2836" data-t="2836">PhD</span> <span class="cue" id="t-2838" data-t="2838">to look at all these transaction and that's just in the term, Oh, that's</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2841">47:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2841" data-t="2841">an ordinals transaction. That's a rune.</span> <span class="cue" id="t-2843" data-t="2843">Menpool made it very easy to tell and they started to see what,</span> <span class="cue" id="t-2849" data-t="2849">what was going on with the bribery at Oceanpool,</span> <span class="cue" id="t-2852" data-t="2852">again, all a legend,</span> <span class="cue" id="t-2855" data-t="2855">which</span> <span class="cue" id="t-2857" data-t="2857">incentivized</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2858">47:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2858" data-t="2858">Ocean Pool to,</span> <span class="cue" id="t-2861" data-t="2861">be very publicly</span> <span class="cue" id="t-2862" data-t="2862">and come out and are being very publicly against</span> <span class="cue" id="t-2865" data-t="2865">this new mempool.</span> <span class="cue" id="t-2867" data-t="2867">Space feature that,</span> <span class="cue" id="t-2868" data-t="2868">that Ooty and the ordinals gang,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2871">47:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2871" data-t="2871">paid to</span> <span class="cue" id="t-2872" data-t="2872">have added to that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2874">47:54</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2874" data-t="2874">user experience. It's a lot going on.</span> <span class="cue" id="t-2877" data-t="2877">Yeah. Yeah. It really is. Yeah. I don't really know what to make of.</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">Richard Greaser</b> <span class="cue" id="t-2881" data-t="2881">Yeah,</span> <span class="cue" id="t-2883" data-t="2883">that will unfold, so we will follow those developments.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2888">48:08</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2888" data-t="2888">I think one</span> <span class="cue" id="t-2890" data-t="2890">of the important things to take away from this is, you know, oftentimes when a story is developing like that, it's okay to have an opinion on it immediately.</span> <span class="cue" id="t-2898" data-t="2898">Agreed. Agreed. I think this is one of the mistakes, like, a lot of our colleagues</span> <span class="cue" id="t-2903" data-t="2903">in the world of journalism make because they they</span> <span class="cue" id="t-2906" data-t="2906">Yeah. They're all geared up. They want to have</span> <span class="cue" id="t-2910" data-t="2910">their opinion They want to have their</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2912">48:32</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2912" data-t="2912">comment in immediately</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2916">48:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2916" data-t="2916">Yeah, everybody wants to have a reaction Everybody wants</span> <span class="cue" id="t-2919" data-t="2919">to be the first</span> <span class="cue" id="t-2921" data-t="2921">to report a story</span> <span class="cue" id="t-2923" data-t="2923">and some people think that</span> <span class="cue" id="t-2924" data-t="2924">journalism,</span> <span class="cue" id="t-2926" data-t="2926">the alternative area journalism and credentials means that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2929">48:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2929" data-t="2929">you are the best</span> <span class="cue" id="t-2932" data-t="2932">at being quick to</span> <span class="cue" id="t-2934" data-t="2934">cover a story or to uncover a story</span> <span class="cue" id="t-2938" data-t="2938">but also</span> <span class="cue" id="t-2939" data-t="2939">having credentials means that you have</span> <span class="cue" id="t-2944" data-t="2944">the discipline and the wisdom</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2947">49:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2947" data-t="2947">to know</span> <span class="cue" id="t-2948" data-t="2948">when</span> <span class="cue" id="t-2949" data-t="2949">the general public</span> <span class="cue" id="t-2952" data-t="2952">should not, is not ready</span> <span class="cue" id="t-2955" data-t="2955">to hear about a story It's not ready to know the news and you just have to use that judge bet Yeah</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2962">49:22</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2962" data-t="2962">It's about having soft discipline</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">Richard Greaser</b> <span class="cue" id="t-2964" data-t="2964">is what it's about. Matthew Piepenburg (3eight 30: Yeah. And then leave your time preference, essentially. If you have too high of a time preference, a better journalist,</span> <span class="cue" id="t-2973" data-t="2973">you will have to retract and correct</span> <span class="cue" id="t-2976" data-t="2976">a lot of stories.</span> <span class="cue" id="t-2978" data-t="2978">The more you do that, the</span> <span class="cue" id="t-2981" data-t="2981">less of a reputation that you're going to have</span> <span class="cue" id="t-2983" data-t="2983">with your viewers. So just as a journalist,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2987">49:47</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2987" data-t="2987">learn to lower your time preference.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2991">49:51</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-2991" data-t="2991">Everybody can be Dennis Porter</span> <span class="cue" id="t-2993" data-t="2993">and can successfully concoct a bridge screen.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2996">49:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2996" data-t="2996">Exactly. Don't soil your reputation and nuke</span> <span class="cue" id="t-3000" data-t="3000">your brand</span> <span class="cue" id="t-3001" data-t="3001">trying to compete with Dennis Porter.</span> <span class="cue" id="t-3004" data-t="3004">It's just</span> <span class="cue" id="t-3006" data-t="3006">it's a fool's errand.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3008">50:08</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3008" data-t="3008">Well, I know Bitcoin Magazine has had a tremendous amount of issues with this. Where they all And they they have some real credentialed journalists over there. So I think like, you know, there there is this kind of like difficult</span> <span class="cue" id="t-3023" data-t="3023">situation which is like, you know, credentialed journalists</span> <span class="cue" id="t-3027" data-t="3027">aren't infallible,</span> <span class="cue" id="t-3029" data-t="3029">but they're yet they're they're still superior</span> <span class="cue" id="t-3032" data-t="3032">to like the average non credentialed journalist.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3035">50:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3035" data-t="3035">Right.</span> <span class="cue" id="t-3037" data-t="3037">Yeah, I think when it comes to Bitcoin magazine,</span> <span class="cue" id="t-3041" data-t="3041">they're a great example that you highlight</span> <span class="cue" id="t-3044" data-t="3044">because</span> <span class="cue" id="t-3046" data-t="3046">they never</span> <span class="cue" id="t-3047" data-t="3047">share sources</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3049">50:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3049" data-t="3049">They like to break</span> <span class="cue" id="t-3050" data-t="3050">big breaking news</span> <span class="cue" id="t-3052" data-t="3052">without</span> <span class="cue" id="t-3053" data-t="3053">following up with any sources</span> <span class="cue" id="t-3055" data-t="3055">and I think that</span> <span class="cue" id="t-3057" data-t="3057">if you</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3059">50:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3059" data-t="3059">think of a really good</span> <span class="cue" id="t-3061" data-t="3061">headline</span> <span class="cue" id="t-3062" data-t="3062">for some really big, dirty news, but</span> <span class="cue" id="t-3065" data-t="3065">you have no sources on that,</span> <span class="cue" id="t-3067" data-t="3067">maybe you heard it in a group chat, maybe you saw it, maybe you saw some Bitcoin tweeting about it.</span> <span class="cue" id="t-3073" data-t="3073">If you don't have any proof that it's real,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3078">51:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3078" data-t="3078">wait until you have a source before you post it,</span> <span class="cue" id="t-3081" data-t="3081">lower your time preference</span> <span class="cue" id="t-3083" data-t="3083">and you'll do yourselves</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3085">51:25</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3085" data-t="3085">You'll avoid a lot of embarrassing situations. Yeah. Sometimes you have to wait for the story to develop.</span> <span class="cue" id="t-3091" data-t="3091">And, Yeah. Right. Right. That's one of the challenges. Like, I I get people all the time that are that are tagging the bugle on</span> <span class="cue" id="t-3100" data-t="3100">on Nostr and</span> <span class="cue" id="t-3102" data-t="3102">and Twatter and,</span> <span class="cue" id="t-3106" data-t="3106">they're like, why isn't the Beagle covering us? And, you know, like, there's two reasons why the Beagle, you know, doesn't</span> <span class="cue" id="t-3112" data-t="3112">cover stories sometimes. One is because we're not</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3116">51:56</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3116" data-t="3116">we're not Dennis Porter. We can't be everywhere all at once.</span> <span class="cue" id="t-3121" data-t="3121">And then the second one is sometimes we're just we see the story and we're just waiting for it to develop a little bit more. Yeah, right. Before we go to the It's like thinking about an hurricane.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3131">52:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3131" data-t="3131">It doesn't start as a hurricane. It starts as</span> <span class="cue" id="t-3135" data-t="3135">a disturbance,</span> <span class="cue" id="t-3137" data-t="3137">a</span> <span class="cue" id="t-3139" data-t="3139">tropical depression, tropical disturbance, that it moves up to a tropical storm and becomes a hurricane.</span> <span class="cue" id="t-3144" data-t="3144">News</span> <span class="cue" id="t-3146" data-t="3146">starts out as a rumor</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3148">52:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3148" data-t="3148">or gossip or speculation</span> <span class="cue" id="t-3151" data-t="3151">and it slowly</span> <span class="cue" id="t-3153" data-t="3153">develops into,</span> <span class="cue" id="t-3156" data-t="3156">a new story and until something</span> <span class="cue" id="t-3160" data-t="3160">has</span> <span class="cue" id="t-3161" data-t="3161">has reached the objective</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3164">52:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3164" data-t="3164">or the</span> <span class="cue" id="t-3166" data-t="3166">conventionally</span> <span class="cue" id="t-3167" data-t="3167">agreed upon</span> <span class="cue" id="t-3169" data-t="3169">state</span> <span class="cue" id="t-3170" data-t="3170">in which it goes from a rumor or speculation to a story,</span> <span class="cue" id="t-3175" data-t="3175">you are taking a lot of risks,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3177">52:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3177" data-t="3177">by reporting</span> <span class="cue" id="t-3179" data-t="3179">it unless</span> <span class="cue" id="t-3181" data-t="3181">you're honest and say, this is just a rumor, but don't call a rumor</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3186">53:06</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3186" data-t="3186">news. Well, I mean, if you want to report on the rumor, what's the like,</span> <span class="cue" id="t-3191" data-t="3191">before you</span> <span class="cue" id="t-3193" data-t="3193">publish a story,</span> <span class="cue" id="t-3195" data-t="3195">oftentimes, you have to</span> <span class="cue" id="t-3198" data-t="3198">create your own citations. Right? So you have to write the articles that you're gonna cite.</span> <span class="cue" id="t-3203" data-t="3203">Right.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3204">53:24</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3204" data-t="3204">Turns more work to it than</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3206">53:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3206" data-t="3206">a lot of people realize. That's what I think that makes,</span> <span class="cue" id="t-3210" data-t="3210">like Turing Ross,</span> <span class="cue" id="t-3213" data-t="3213">here or so people</span> <span class="cue" id="t-3215" data-t="3215">sometimes criticize them because they</span> <span class="cue" id="t-3218" data-t="3218">they're spending so much time</span> <span class="cue" id="t-3221" data-t="3221">bogged down in peer review,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3223">53:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3223" data-t="3223">writing research,</span> <span class="cue" id="t-3227" data-t="3227">having to debunk</span> <span class="cue" id="t-3229" data-t="3229">others' research, but what they're really doing is they're creating</span> <span class="cue" id="t-3234" data-t="3234">the sources and the citations</span> <span class="cue" id="t-3237" data-t="3237">that they need</span> <span class="cue" id="t-3239" data-t="3239">to write more research</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3241">54:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3241" data-t="3241">that they can cite their previous</span> <span class="cue" id="t-3244" data-t="3244">research and citations.</span> <span class="cue" id="t-3247" data-t="3247">That's the we have in Bitcoin, we call circular economies</span> <span class="cue" id="t-3251" data-t="3251">and in academics,</span> <span class="cue" id="t-3252" data-t="3252">academia,</span> <span class="cue" id="t-3253" data-t="3253">it's</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3254">54:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3254" data-t="3254">circular citations,</span> <span class="cue" id="t-3256" data-t="3256">circular research, URE.</span> <span class="cue" id="t-3259" data-t="3259">This VOD</span> <span class="cue" id="t-3261" data-t="3261">has been debunked by my peer reviewed research</span> <span class="cue" id="t-3263" data-t="3263">that cites</span> <span class="cue" id="t-3265" data-t="3265">my previously</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3266">54:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3266" data-t="3266">peer reviewed research and you just have to build it's</span> <span class="cue" id="t-3269" data-t="3269">like a</span> <span class="cue" id="t-3270" data-t="3270">piece of</span> <span class="cue" id="t-3271" data-t="3271">academic research, peer reviewed academic research.</span> <span class="cue" id="t-3274" data-t="3274">How do you know which</span> <span class="cue" id="t-3276" data-t="3276">piece of research</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">Richard Greaser</b> <span class="cue" id="t-3277" data-t="3277">is the if they have two pieces of conflicting research, how do you know which one is correct?</span> <span class="cue" id="t-3282" data-t="3282">The one with the longest chain</span> <span class="cue" id="t-3285" data-t="3285">of self citations</span> <span class="cue" id="t-3287" data-t="3287">in peer review</span> <span class="cue" id="t-3288" data-t="3288">is what in academia that's the chain with the most work, so to speak So that's the that is the academic</span> <span class="cue" id="t-3296" data-t="3296">research or the academic paper</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3298">54:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3298" data-t="3298">that you should always</span> <span class="cue" id="t-3300" data-t="3300">consider the correct one? It's the one with the most</span> <span class="cue" id="t-3305" data-t="3305">widest chain of of peer reviewed research and citations.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3309">55:09</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3309" data-t="3309">Well, I don't know. I mean, I think there's some problems here because under that logic,</span> <span class="cue" id="t-3316" data-t="3316">Cardano would</span> <span class="cue" id="t-3318" data-t="3318">be the correct cryptocurrency.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3320">55:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3320" data-t="3320">Well, that's perfect stake though. That's perfect stake.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3323">55:23</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3323" data-t="3323">Yeah. Perfect for</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3326">55:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3326" data-t="3326">why are you writing a peer reviewed research paper</span> <span class="cue" id="t-3330" data-t="3330">for a credentialed university</span> <span class="cue" id="t-3332" data-t="3332">before,</span> <span class="cue" id="t-3335" data-t="3335">is somebody now if that research was written by somebody like Bill Cosby, who has a lot of honorary</span> <span class="cue" id="t-3342" data-t="3342">PhDs,</span> <span class="cue" id="t-3343" data-t="3343">who she didn't have to earn those credentials. That would be like a proof of stake situation. So maybe the way to think about Cardano</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3351">55:51</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3351" data-t="3351">is Charles Hoskinson</span> <span class="cue" id="t-3353" data-t="3353">essentially created an unregistered</span> <span class="cue" id="t-3356" data-t="3356">security.</span> <span class="cue" id="t-3357" data-t="3357">Right. And while while his peer review process discussing</span> <span class="cue" id="t-3362" data-t="3362">the unregistered security</span> <span class="cue" id="t-3363" data-t="3363">is</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3365">56:05</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3365" data-t="3365">on point</span> <span class="cue" id="t-3366" data-t="3366">as far as,</span> <span class="cue" id="t-3369" data-t="3369">what the expectations of peer review are.</span> <span class="cue" id="t-3372" data-t="3372">The fact that he's</span> <span class="cue" id="t-3374" data-t="3374">pure researching</span> <span class="cue" id="t-3377" data-t="3377">non compliant</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3378">56:18</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3378" data-t="3378">unregistered shitcoins</span> <span class="cue" id="t-3382" data-t="3382">makes it kind of null and void, if that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3385">56:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3385" data-t="3385">makes sense. Exactly. Exactly. It is.</span> <span class="cue" id="t-3387" data-t="3387">It's</span> <span class="cue" id="t-3388" data-t="3388">procedural. We get it. When you get into credentials, you get into</span> <span class="cue" id="t-3392" data-t="3392">these very high level,</span> <span class="cue" id="t-3395" data-t="3395">conversations.</span> <span class="cue" id="t-3398" data-t="3398">And you see this especially in in lawsuits and legal cases</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3403">56:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3403" data-t="3403">you could have a slam dunk story, a slam dunk headline</span> <span class="cue" id="t-3406" data-t="3406">but if you if you if you mess up any of the small but very important procedural</span> <span class="cue" id="t-3412" data-t="3412">steps,</span> <span class="cue" id="t-3414" data-t="3414">your work becomes your work may become worthless. Well, it's a really interesting chain that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3419">56:59</a><span class="cue-body"><b class="cue-who">Rob Palmer</b> <span class="cue" id="t-3419" data-t="3419">thought I never realized we've been rolling for so long. So we Yeah. I wanted to get into this.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3427">57:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3427" data-t="3427">Before I wanted to cover one more thing just quickly. We don't have to spend too much time on it before we get into the base, which is we just published last week.</span> <span class="cue" id="t-3436" data-t="3436">And if you want to read this, it is pinned to the top of Goodpuego's</span> <span class="cue" id="t-3440" data-t="3440">career timeline.</span> <span class="cue" id="t-3441" data-t="3441">It's Dennis Porter facts.</span> <span class="cue" id="t-3443" data-t="3443">And,</span> <span class="cue" id="t-3444" data-t="3444">right now</span></span></p>
   +

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