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Transcript: Podcaster Wealth Inequality | Bugle Weekly Episode 72
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diff --git a/wiki/transcripts/podcaster-wealth-inequality-bugle-weekly-episode-72.md b/wiki/transcripts/podcaster-wealth-inequality-bugle-weekly-episode-72.md new file mode 100644 index 00000000..854bf161 @@ -0,0 +1,621 @@ +--- +title: "Transcript: Podcaster Wealth Inequality | Bugle Weekly Episode 72" +type: transcript +episode: podcaster-wealth-inequality-bugle-weekly-episode-72 +generated: true +date: 2025-08-18 +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/LFpLQY7IVIf1VldCLSZX/files/AUDIO---DEFAULT---9eacafc8-0c01-4e18-a52c-426a70d1e043.mp3" +duration: "1:23:22" +sources: + - raw/episodes/podcaster-wealth-inequality-bugle-weekly-episode-72/bundle.json +--- + +<p class="cue-p"><a class="cue-t" href="#t-2">0:02</a><span class="cue-body"><b class="cue-who">Unknown</b> <span class="cue" id="t-2" data-t="2">The wait is over. 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If you order right now, you will get Epic Broccoli Fails Ukraine</span> <span class="cue" id="t-38" data-t="38">War Edition for free.</span> <span class="cue" id="t-40" data-t="40">Epic Broccoli Fails Ukraine War Edition includes endless hours of four k drone footage showing the terrified faces of disrespectful broccoli haircut zoomers from Russia and Ukraine the moment they realize they've been one shotted by an enemy drone. This is the perfect gift for your boomer dad or your buddy Jeff who just lost his job and his pension to some arrogant broccoli haircut who's good at chat GPT.</span> <span class="cue" id="t-65" data-t="65">Get epic broccoli haircut fails today. And not only will you get epic Ukraine war fails for free, but if you pay with Bitcoin, you'll get an additional 69%</span> <span class="cue" id="t-74" data-t="74">off your order.</span> <span class="cue" id="t-75" data-t="75">Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-89">1:29</a><span class="cue-body"><b class="cue-who">Kailey Welch</b> <span class="cue" id="t-89" data-t="89">The podcast you are about to listen to is the most thermodynamically</span> <span class="cue" id="t-92" data-t="92">sound podcast in the world.</span> <span class="cue" id="t-95" data-t="95">Get ready to join veteran journalist Rod Palmer and Dick Greaser as they cover the most important news stories happening</span> <span class="cue" id="t-101" data-t="101">right</span> <span class="cue" id="t-102" data-t="102">now. This isn't some PodCom clickbait slop. This is the intellectual so called.</span> <span class="cue" id="t-106" data-t="106">So light up a cigarette and get your lightning while it's ready to boost this incredible production produced by yours truly, Kaylee Bosch.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-114">1:54</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-114" data-t="114">Welcome back to Bugle Weekly. I'm Rod Palmer here with Richard Grieser.</span> <span class="cue" id="t-120" data-t="120">Today,</span> <span class="cue" id="t-121" data-t="121">we've got the mid year purity test report cards, ladies and gentlemen. What do I mean by that?</span> <span class="cue" id="t-130" data-t="130">So the SEC filing</span> <span class="cue" id="t-132" data-t="132">for the new venture,</span> <span class="cue" id="t-134" data-t="134">between,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-135">2:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-135" data-t="135">some</span> <span class="cue" id="t-137" data-t="137">treasury or some zombie company becoming a treasury company, be like doing a SPAC with David Bailey,</span> <span class="cue" id="t-142" data-t="142">in Nakamoto, that</span> <span class="cue" id="t-144" data-t="144">finally went,</span> <span class="cue" id="t-145" data-t="145">went through last week. So the filing comes out. How much</span> <span class="cue" id="t-149" data-t="149">are David Bailey and his lieutenants being paid,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-153">2:33</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-153" data-t="153">to be Bitcoin podcasters</span> <span class="cue" id="t-154" data-t="154">for</span> <span class="cue" id="t-155" data-t="155">this this new</span> <span class="cue" id="t-157" data-t="157">public Bitcoin treasury company.</span> <span class="cue" id="t-160" data-t="160">And it's a lot. David Bailey's making a million dollars a year. He's getting a tie. The total</span> <span class="cue" id="t-165" data-t="165">compensation package</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-167">2:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-167" data-t="167">of Bitcoin podcasters has gone public. That is what today is. That's the report card. So</span> <span class="cue" id="t-173" data-t="173">failing your purity tests,</span> <span class="cue" id="t-175" data-t="175">has been</span> <span class="cue" id="t-177" data-t="177">shown</span> <span class="cue" id="t-178" data-t="178">to provide the or at least be</span> <span class="cue" id="t-181" data-t="181">give a fair market value,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-183">3:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-183" data-t="183">to Bitcoin podcasters.</span> <span class="cue" id="t-186" data-t="186">That's looking really incredible.</span> <span class="cue" id="t-188" data-t="188">We knew that the value was high. We knew that we needed more Bitcoin podcasters, but</span> <span class="cue" id="t-193" data-t="193">this value was very</span> <span class="cue" id="t-195" data-t="195">humbling</span> <span class="cue" id="t-196" data-t="196">to Clenitor</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-198">3:18</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-198" data-t="198">as well as seed signer. Seed signer</span> <span class="cue" id="t-202" data-t="202">shared that he is struggling financially</span> <span class="cue" id="t-205" data-t="205">and is disgusted to see that,</span> <span class="cue" id="t-207" data-t="207">you know, people like David Bailey are making more,</span> <span class="cue" id="t-210" data-t="210">than him with the SeedSigner project. And it's they're not alone. They're not alone. A lot of people have been humbled by seeing the the fair market value of Bitcoin podcasters.</span> <span class="cue" id="t-220" data-t="220">And I think I think this this might be a vibe shift, Richard. But, you know, how are you doing?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-226">3:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-226" data-t="226">What are you thinking about this? This big news, babe, being a Bitcoin podcaster is,</span> <span class="cue" id="t-233" data-t="233">it's worth a lot. It's worth, it's more valuable to being a doctor or a lawyer.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-238">3:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-238" data-t="238">Well, I, I saw something interesting this week. John Seth was tweeting about how Perianne Boring is on the board of Nakamoto.</span> <span class="cue" id="t-248" data-t="248">And</span> <span class="cue" id="t-249" data-t="249">one of my major concerns is that</span> <span class="cue" id="t-253" data-t="253">crypto people</span> <span class="cue" id="t-254" data-t="254">I don't think crypto people should be paid</span> <span class="cue" id="t-257" data-t="257">as much as Bitcoin only people.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-262">4:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-262" data-t="262">And I'm looking at</span> <span class="cue" id="t-263" data-t="263">Nakamoto's website. First of all, I don't see Stephen Lubbock on there, which is kind of weird.</span> <span class="cue" id="t-270" data-t="270">I see Amanda Fabiano. But let's let's just pretend I don't know if Amanda's on the board, but I would hope that Amanda Fabiano</span> <span class="cue" id="t-278" data-t="278">would be paid</span> <span class="cue" id="t-280" data-t="280">at least 20%</span> <span class="cue" id="t-281" data-t="281">more than Perriane Boring</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-283">4:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-283" data-t="283">for sitting on the board because Amanda Fabiano is</span> <span class="cue" id="t-287" data-t="287">Bitcoin only, whereas</span> <span class="cue" id="t-290" data-t="290">Perianne obviously isn't. She likes the blockchain.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-295">4:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-295" data-t="295">Yeah, exactly. Yeah. Perianne</span> <span class="cue" id="t-297" data-t="297">is</span> <span class="cue" id="t-298" data-t="298">she's going to provide you value in ways that not, you know, every Bitcoin or can, but</span> <span class="cue" id="t-304" data-t="304">her value,</span> <span class="cue" id="t-306" data-t="306">either on</span> <span class="cue" id="t-308" data-t="308">is anything, it should be based on the Bitcoin dominance chart, but,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-312">5:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-312" data-t="312">I would say, I would say just give her 80%.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-317">5:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-317" data-t="317">Yeah. I</span> <span class="cue" id="t-319" data-t="319">I'm a big fan of the gender</span> <span class="cue" id="t-322" data-t="322">wage gap</span> <span class="cue" id="t-324" data-t="324">personally</span> <span class="cue" id="t-325" data-t="325">because I think it's</span> <span class="cue" id="t-329" data-t="329">a man's job</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-331">5:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-331" data-t="331">to protect women.</span> <span class="cue" id="t-333" data-t="333">And,</span> <span class="cue" id="t-336" data-t="336">just, you know, men are men typically, not not universally, there there's some pretty strong buff women out there, but</span> <span class="cue" id="t-342" data-t="342">men typically are stronger physically. They've been the warriors in society.</span> <span class="cue" id="t-348" data-t="348">They've been the protectors.</span> <span class="cue" id="t-351" data-t="351">And I think it's our role too. And one of the ways that we can protect women is to protect</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-357">5:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-357" data-t="357">their innocence</span> <span class="cue" id="t-358" data-t="358">and their</span> <span class="cue" id="t-362" data-t="362">general karma. In paying them less, they actually end up paying less taxes than men.</span> <span class="cue" id="t-368" data-t="368">And I think it's a really</span> <span class="cue" id="t-371" data-t="371">good thing.</span> <span class="cue" id="t-372" data-t="372">But from that perspective, it's almost like we should pay the Bitcoin only people less</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-377">6:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-377" data-t="377">so that</span> <span class="cue" id="t-380" data-t="380">the shitcoiners</span> <span class="cue" id="t-382" data-t="382">are more complicit</span> <span class="cue" id="t-383" data-t="383">and paying funds to the state and committing all these atrocities.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-389">6:29</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-389" data-t="389">Yeah. I mean, you could do that.</span> <span class="cue" id="t-392" data-t="392">I'd still</span> <span class="cue" id="t-394" data-t="394">I'm open to it, but I would still want to build it on Bitcoin.</span> <span class="cue" id="t-398" data-t="398">So I think that you could probably do</span> <span class="cue" id="t-401" data-t="401">some sort of,</span> <span class="cue" id="t-404" data-t="404">thing with you're paying them with payment splits,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-407">6:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-407" data-t="407">on lightning, and then you could customize the payment splits,</span> <span class="cue" id="t-411" data-t="411">for people who are not Bitcoin only.</span> <span class="cue" id="t-415" data-t="415">They could just shave, you know, 20% off of that. And it goes</span> <span class="cue" id="t-420" data-t="420">back to the,</span> <span class="cue" id="t-421" data-t="421">you know, the company coffers.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-424">7:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-424" data-t="424">I think one of the things people are really sleeping on is</span> <span class="cue" id="t-428" data-t="428">bringing paper Bitcoin to</span> <span class="cue" id="t-431" data-t="431">the blockchain.</span> <span class="cue" id="t-432" data-t="432">Because imagine that you're doing</span> <span class="cue" id="t-434" data-t="434">paper Bitcoin</span> <span class="cue" id="t-436" data-t="436">stock splits</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-437">7:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-437" data-t="437">on the Lightning Network,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-440">7:20</a><span class="cue-body"><b class="cue-who">Kailey Welch</b> <span class="cue" id="t-440" data-t="440">how sophisticated you could get with that?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-443">7:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-443" data-t="443">Oh, yeah. I just</span> <span class="cue" id="t-445" data-t="445">saw news as well</span> <span class="cue" id="t-447" data-t="447">that</span> <span class="cue" id="t-448" data-t="448">the bank of Japan</span> <span class="cue" id="t-450" data-t="450">is creating</span> <span class="cue" id="t-451" data-t="451">or is allowing the creation of basically</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-455">7:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-455" data-t="455">a yen,</span> <span class="cue" id="t-456" data-t="456">a stable coin. So I assume that tether is going to have a yen stable coin, and now</span> <span class="cue" id="t-462" data-t="462">we can bring the yen carry trade.</span> <span class="cue" id="t-464" data-t="464">One of the most famous,</span> <span class="cue" id="t-467" data-t="467">international arbitrages in the world. We gotta bring that to lightning</span> <span class="cue" id="t-471" data-t="471">if we just have,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-473">7:53</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-473" data-t="473">tether</span> <span class="cue" id="t-474" data-t="474">USD key</span> <span class="cue" id="t-475" data-t="475">and then yen, you know, the end tether,</span> <span class="cue" id="t-478" data-t="478">whatever that would be, y e n t.</span> <span class="cue" id="t-481" data-t="481">We could just do the yen Terry trade on lightning. It would</span> <span class="cue" id="t-486" data-t="486">greatly expand the amount of leverage and liquidity</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-489">8:09</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-489" data-t="489">brought to lightning network. It might it could have a huge, a huge impact finally</span> <span class="cue" id="t-495" data-t="495">on, user experience,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-497">8:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-497" data-t="497">with more liquidity availability. What's going on in Japan these days?</span> <span class="cue" id="t-503" data-t="503">We've got metal planet,</span> <span class="cue" id="t-504" data-t="504">Dylan, Claire taking over orange pill and Nintendo.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-510">8:30</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-510" data-t="510">We still got a lot of inflation.</span> <span class="cue" id="t-513" data-t="513">And so,</span> <span class="cue" id="t-514" data-t="514">the Japanese are kind</span> <span class="cue" id="t-516" data-t="516">of just a bit ahead of us.</span> <span class="cue" id="t-518" data-t="518">They need to find buyers</span> <span class="cue" id="t-521" data-t="521">for their debt so they can print more yen</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-524">8:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-524" data-t="524">And the bank can't buy it all, the Bank of Japan. So they want</span> <span class="cue" id="t-528" data-t="528">crypto</span> <span class="cue" id="t-529" data-t="529">traders. They want,</span> <span class="cue" id="t-531" data-t="531">stablecoin companies</span> <span class="cue" id="t-533" data-t="533">to,</span> <span class="cue" id="t-534" data-t="534">absorb</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-535">8:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-535" data-t="535">the, the yen they're printing. It's getting out Japan's kind of a small island.</span> <span class="cue" id="t-539" data-t="539">They're printing so much yen is starting to overflow. It's going to it's like it'll leak into the ocean. They've got to get it out. They've got to get it on different blockchains to kind of soak that in.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-549">9:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-549" data-t="549">So do you think they're going to try and get the global south to be using the yen?</span> <span class="cue" id="t-554" data-t="554">Is that like one of the strategies? Rich Dolla (3five zero three): That is,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-557">9:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-557" data-t="557">they are trying to increase their market impact</span> <span class="cue" id="t-562" data-t="562">in some of the countries in Africa who don't know the difference between Chinese and Japanese. So like the meme they only really communicate memes. So they're, they're kind of able to slide in there,</span> <span class="cue" id="t-572" data-t="572">with the yen stable coin and,</span> <span class="cue" id="t-575" data-t="575">kind of disrupt some of that, get that trust over the CIA who's in there with the, Tether memes. And they just kind of think like, oh, this is DUS, CIA. I, These Asians, they seem better.</span> <span class="cue" id="t-586" data-t="586">They're hoping that will work and they might try that as well. And, global south part,</span> <span class="cue" id="t-591" data-t="591">The United States blockchain associations control.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-595">9:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-595" data-t="595">They're going to try to compete on on Tron.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-598">9:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-598" data-t="598">Yeah. There's always ways to,</span> <span class="cue" id="t-601" data-t="601">exploit stereotypes.</span> <span class="cue" id="t-603" data-t="603">And,</span> <span class="cue" id="t-605" data-t="605">you know, everybody thinks that Asians all look the same. That's like a very common stereotype. Right?</span> <span class="cue" id="t-612" data-t="612">They the Chinese and and the Japanese</span> <span class="cue" id="t-615" data-t="615">yen have the same name. They sound the same. They look the same.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-620">10:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-620" data-t="620">It's definitely a good way to exploit</span> <span class="cue" id="t-623" data-t="623">that stereotype.</span> <span class="cue" id="t-624" data-t="624">I I think it was bullish for Japan. Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-627">10:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-627" data-t="627">And I mean, Africa, they are,</span> <span class="cue" id="t-630" data-t="630">it's We don't like to think about this because we like to think of We like to think that we projected our colonial values throughout the past three hundred years. But, you know, Africans are They can be very racist</span> <span class="cue" id="t-642" data-t="642">and they are, they are still known to stereotype Asians and, and say that they think that they all look the same. So it's really just a market exploitation by the Japanese. It's, to gain, you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-655">10:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-655" data-t="655">dominant market share. Pretty smart in my opinion.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-659">10:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-659" data-t="659">But,</span> <span class="cue" id="t-660" data-t="660">yeah. I mean, I think it's up to you. Like, Todd, speaking of,</span> <span class="cue" id="t-664" data-t="664">you know, stable coins, yen,</span> <span class="cue" id="t-668" data-t="668">these potential meme car meme coin markets that are developing in places,</span> <span class="cue" id="t-673" data-t="673">you know, South Of The in the South Sahara</span> <span class="cue" id="t-676" data-t="676">is purity tests. So the Bitcoin</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-678">11:18</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-678" data-t="678">podcasters</span> <span class="cue" id="t-680" data-t="680">are kind of who</span> <span class="cue" id="t-682" data-t="682">demonstrate</span> <span class="cue" id="t-683" data-t="683">a willingness</span> <span class="cue" id="t-685" data-t="685">to not be afraid of purity tests. They're doing quite well.</span> <span class="cue" id="t-688" data-t="688">Podcasters and Bitcoiners in the space who</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-691">11:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-691" data-t="691">they really take a lot of pride</span> <span class="cue" id="t-694" data-t="694">in passing</span> <span class="cue" id="t-695" data-t="695">other pledge purity tests. They they take a lot of pride in passing their favorite</span> <span class="cue" id="t-700" data-t="700">Bitcoin podcasts purity tests, their favorite spaces</span> <span class="cue" id="t-704" data-t="704">purity tests, their favorite group chat, period. They like they're stacking,</span> <span class="cue" id="t-708" data-t="708">passing</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-709">11:49</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-709" data-t="709">purity tests.</span> <span class="cue" id="t-710" data-t="710">It's kind of like people stack, you know, A's on the report card and they they start to build their identity</span> <span class="cue" id="t-717" data-t="717">based on their ability</span> <span class="cue" id="t-720" data-t="720">to figure out a system and and get good grades from it.</span> <span class="cue" id="t-724" data-t="724">They're doing this. They're gaining value from these purity tests, but it is not benefiting them</span> <span class="cue" id="t-730" data-t="730">or at least they are finding it very surprising and humbling that</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-735">12:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-735" data-t="735">it not living this way could still be, you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-739">12:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-739" data-t="739">Alki stack or Bitcoin. Is it kind of like,</span> <span class="cue" id="t-742" data-t="742">being the Boy Scouts, collecting badges</span> <span class="cue" id="t-745" data-t="745">or accomplishments.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-747">12:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-747" data-t="747">Right. Exactly.</span> <span class="cue" id="t-749" data-t="749">You work your way up and you get that Eagle skill. Like some, there's a lot of people who feel like they have passed the equivalent</span> <span class="cue" id="t-756" data-t="756">purity test</span> <span class="cue" id="t-759" data-t="759">of the Tobias, an Eagle Scout in Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-764">12:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-764" data-t="764">Should, BTC pins</span> <span class="cue" id="t-767" data-t="767">offer</span> <span class="cue" id="t-768" data-t="768">badges,</span> <span class="cue" id="t-769" data-t="769">like accomplishment badges for different purity tests</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-774">12:54</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-774" data-t="774">past. Absolutely.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-776">12:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-776" data-t="776">You could, like, go to the conference</span> <span class="cue" id="t-778" data-t="778">and wear them on, like, a</span> <span class="cue" id="t-780" data-t="780">hat</span> <span class="cue" id="t-781" data-t="781">or,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-783">13:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-783" data-t="783">I I don't know. What what are those things called? Yeah. Like the the sash. I mean, you'll see I mean, think about</span> <span class="cue" id="t-790" data-t="790">military uniforms.</span> <span class="cue" id="t-792" data-t="792">You could wear a jacket,</span> <span class="cue" id="t-794" data-t="794">you know, Bitcoiners like to like, the high style now.</span> <span class="cue" id="t-798" data-t="798">You you wear a nice sport jacket over your favorite Bitcoin podcast t shirt.</span> <span class="cue" id="t-803" data-t="803">And some people like to put like a little orange,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-806">13:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-806" data-t="806">where they call it the,</span> <span class="cue" id="t-808" data-t="808">in the pocket there, a pocket square.</span> <span class="cue" id="t-811" data-t="811">You have some pins for their buttons.</span> <span class="cue" id="t-815" data-t="815">But you could also like a military journal, you could you could put</span> <span class="cue" id="t-819" data-t="819">your pins</span> <span class="cue" id="t-820" data-t="820">for the period test. Like, I, you know, never bought a shit coin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-825">13:45</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-825" data-t="825">Never, you know, never fell from the psyop that, Monero was more private than lightning.</span> <span class="cue" id="t-831" data-t="831">You know, something like never use Monero.</span> <span class="cue" id="t-834" data-t="834">You know, you tend to be wish people. Run Nods. I mean,</span> <span class="cue" id="t-839" data-t="839">be a Bitcoin node runner, a Lightning channel runner. Like, you you stack them. I mean, some of these guys would look like</span> <span class="cue" id="t-847" data-t="847">dictators from North Korea and they probably have,</span> <span class="cue" id="t-850" data-t="850">personalities that are similar. Interesting.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-853">14:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-853" data-t="853">Yeah. One of the new tests, which I think is an important</span> <span class="cue" id="t-856" data-t="856">test, Dennis Porter,</span> <span class="cue" id="t-858" data-t="858">has been,</span> <span class="cue" id="t-860" data-t="860">decrying Bitcoin influencers that don't run nodes.</span> <span class="cue" id="t-865" data-t="865">Should we be listening to podcasters</span> <span class="cue" id="t-867" data-t="867">that don't run nodes?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-871">14:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-871" data-t="871">Or does that mean less signal</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-873">14:33</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-873" data-t="873">in general? Jason Brett</span> <span class="cue" id="t-875" data-t="875">(3five 30: That is, I think,</span> <span class="cue" id="t-878" data-t="878">a good example</span> <span class="cue" id="t-881" data-t="881">of</span> <span class="cue" id="t-882" data-t="882">a,</span> <span class="cue" id="t-883" data-t="883">something that they, people might form as a purity test, because</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-888">14:48</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-888" data-t="888">it's very difficult to</span> <span class="cue" id="t-891" data-t="891">confirm like yes or no. Right. But</span> <span class="cue" id="t-894" data-t="894">it's a lot of pressure.</span> <span class="cue" id="t-897" data-t="897">How do we know if a Bitcoin podcaster uses a note? Right. Does it have to be running twenty four seven? Does it have to be,</span> <span class="cue" id="t-905" data-t="905">when they're doing certain types of transacting? It was like every transaction</span> <span class="cue" id="t-910" data-t="910">they do have to be from their own node is like, what does it mean to, run a node to use a node? And what does that what does it even tell us anything?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-920">15:20</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-920" data-t="920">If a Bitcoin POS scanner is very, very, very adamant about how he runs his node, does that really tell you anything about him?</span> <span class="cue" id="t-927" data-t="927">Because, you know, how can you even know for sure that he's telling the truth?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-934">15:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-934" data-t="934">Well, typically, yeah. I mean, I guess we need to have auditors,</span> <span class="cue" id="t-939" data-t="939">opening channels. Verification,</span> <span class="cue" id="t-941" data-t="941">you know. Yeah. You can open a channel with,</span> <span class="cue" id="t-944" data-t="944">the Bitcoin podcaster and then,</span> <span class="cue" id="t-947" data-t="947">look at the routing fees,</span> <span class="cue" id="t-949" data-t="949">routing the routed transactions that you get through your node.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-954">15:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-954" data-t="954">That's one way to do it.</span> <span class="cue" id="t-956" data-t="956">And,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-957">15:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-957" data-t="957">Just remember, just remember any Bitcoin podcaster that invites you</span> <span class="cue" id="t-962" data-t="962">to open buying channels with his lightning node,</span> <span class="cue" id="t-966" data-t="966">could be a fed.</span> <span class="cue" id="t-967" data-t="967">So always keep that in mind.</span> <span class="cue" id="t-969" data-t="969">You might need to get some sort of protection for your,</span> <span class="cue" id="t-973" data-t="973">for your channels. So you don't,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-975">16:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-975" data-t="975">you aren't exposed to feds.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-978">16:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-978" data-t="978">I've got a node with, or sorry, a channel open with, David Bennett</span> <span class="cue" id="t-983" data-t="983">from, Bitcoin and</span> <span class="cue" id="t-985" data-t="985">on my note,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-987">16:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-987" data-t="987">you think he's Are you using are you using protection with, Tor or are you Rod Doggin, your lightning channel? It's your podcaster.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-995">16:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-995" data-t="995">I think I'm on clear net. I think it's pretty easily discoverable.</span> <span class="cue" id="t-1001" data-t="1001">Well, I mean, I I just didn't you know, when I was setting up the note, I didn't want people out there</span> <span class="cue" id="t-1006" data-t="1006">accusing me of not running a note. So, of course, I put it on clear net. Right. Well, I think as long as you are</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1012">16:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1012" data-t="1012">proud of the way you run your node, if you feel proud of the way that you run your Bitcoin node, I don't think that,</span> <span class="cue" id="t-1019" data-t="1019">you should have too many problems. I think that you will be able to navigate,</span> <span class="cue" id="t-1023" data-t="1023">the gossip network,</span> <span class="cue" id="t-1025" data-t="1025">as it's called pretty well.</span> <span class="cue" id="t-1027" data-t="1027">But if you're not proud of your node,</span> <span class="cue" id="t-1029" data-t="1029">you should be careful out there because there's a lot of</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1033">17:13</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1033" data-t="1033">other node runners. There's a lot of enlightening channels. There's just a lot of people in the network who,</span> <span class="cue" id="t-1039" data-t="1039">they they're looking for people who aren't proud of the way they run their node and they're looking to take advantage</span> <span class="cue" id="t-1045" data-t="1045">of these people. So you just wanna be careful.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1049">17:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1049" data-t="1049">I think that if we explained</span> <span class="cue" id="t-1051" data-t="1051">gossip</span> <span class="cue" id="t-1053" data-t="1053">to women, there'd be more women interested in the Lightning Network because women like to gossip.</span> <span class="cue" id="t-1059" data-t="1059">Not all of them, but a lot of them do.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1061">17:41</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1061" data-t="1061">Yeah. I mean, if if BTC Sessions would make a lightning tutorial</span> <span class="cue" id="t-1065" data-t="1065">specifically focused on gossip,</span> <span class="cue" id="t-1068" data-t="1068">I think that'd be a really good way</span> <span class="cue" id="t-1070" data-t="1070">to,</span> <span class="cue" id="t-1071" data-t="1071">to connect with women.</span> <span class="cue" id="t-1073" data-t="1073">Females who might want to female Bitcoiners who might wanna get into managing their own channels.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1079">17:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1079" data-t="1079">Absolutely.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1080">18:00</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1080" data-t="1080">Now, you this is the this brought up a question.</span> <span class="cue" id="t-1084" data-t="1084">Some who</span> <span class="cue" id="t-1086" data-t="1086">was it asked by a specific person? I don't know if you wanna credit them or if you wanted to protect their privacy. Because somebody asked</span> <span class="cue" id="t-1094" data-t="1094">running my if I run my notes, should that not be, like, the equivalent of forty hours of podcast per week? So is do it shouldn't being a node runner,</span> <span class="cue" id="t-1106" data-t="1106">count</span> <span class="cue" id="t-1107" data-t="1107">as the same amount of,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1110">18:30</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1110" data-t="1110">you know,</span> <span class="cue" id="t-1112" data-t="1112">work and dedication to Bitcoin</span> <span class="cue" id="t-1114" data-t="1114">as listening to forty hours per week.</span> <span class="cue" id="t-1117" data-t="1117">And you got the newsrecee question, but I think</span> <span class="cue" id="t-1120" data-t="1120">it's not as simple</span> <span class="cue" id="t-1122" data-t="1122">as that.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1123">18:43</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1123" data-t="1123">Did you have thoughts on it?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1126">18:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1126" data-t="1126">Yeah. I mean, I think it depends.</span> <span class="cue" id="t-1129" data-t="1129">Like, a lot of people treat running Node like it's some sort of accomplishment. Like, you're you're you're engaging in democracy.</span> <span class="cue" id="t-1136" data-t="1136">Like, this is the the framing that Dennis</span> <span class="cue" id="t-1139" data-t="1139">has. I you know, I think Dennis is almost correct on everything he says, but I think one of his,</span> <span class="cue" id="t-1146" data-t="1146">weaknesses is that he views everything in the lights of, government and democracy.</span> <span class="cue" id="t-1151" data-t="1151">And that's the way he translates.</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">Like, kind of like the the Fiat standard, the book, like Safedine went and explained the Fiat system</span> <span class="cue" id="t-1160" data-t="1160">in Bitcoin terms.</span> <span class="cue" id="t-1162" data-t="1162">And,</span> <span class="cue" id="t-1164" data-t="1164">I think Dennis tries to do that</span> <span class="cue" id="t-1166" data-t="1166">with democracy</span> <span class="cue" id="t-1168" data-t="1168">and voting.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1172">19:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1172" data-t="1172">And I just don't think it's that big of an accomplishment to run a node.</span> <span class="cue" id="t-1176" data-t="1176">And a lot of people are treating like it is.</span> <span class="cue" id="t-1180" data-t="1180">There's a lot of people that run nodes because there's reasons to run nodes</span> <span class="cue" id="t-1185" data-t="1185">such as like you're trying to, you know, sell a product or something and you want to actually be your own</span> <span class="cue" id="t-1193" data-t="1193">bank. You want to be sovereign. You want to feel good about yourself.</span> <span class="cue" id="t-1198" data-t="1198">You want your wife to be proud of you.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1202">20:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1202" data-t="1202">And then there's a lot of people that, like, treat it like I think it's kind of an orange shell tendency</span> <span class="cue" id="t-1208" data-t="1208">of, like,</span> <span class="cue" id="t-1209" data-t="1209">they treat it like it's a purity test, like it's a big accomplishment. It's probably because they haven't accomplished a whole lot themselves. You You know what I mean? The the ones that are treating, like, running nodes as an accomplishment is just like</span> <span class="cue" id="t-1221" data-t="1221">they they're proud of themselves. They,</span> <span class="cue" id="t-1224" data-t="1224">you know, clicked download</span> <span class="cue" id="t-1225" data-t="1225">and then clicked install,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1228">20:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1228" data-t="1228">and, they they see themselves as Cypherpunks,</span> <span class="cue" id="t-1232" data-t="1232">even though they're really not.</span> <span class="cue" id="t-1234" data-t="1234">And, they they don't even know what</span> <span class="cue" id="t-1236" data-t="1236">Ubuntu is.</span> <span class="cue" id="t-1238" data-t="1238">And,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1240">20:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1240" data-t="1240">Yeah. And what I I I would summarize what you're saying is whatever. But it sounds like to me is what you're saying is that they have</span> <span class="cue" id="t-1253" data-t="1253">placed way.</span> <span class="cue" id="t-1254" data-t="1254">They, they, they don't know how to value</span> <span class="cue" id="t-1257" data-t="1257">or the, or how to think about value when it comes to, you know, running a note. Right. It's a symbol that they've assigned way too much value to when really like everything else in Bitcoin,</span> <span class="cue" id="t-1267" data-t="1267">they use a</span> <span class="cue" id="t-1268" data-t="1268">tool, that</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1270">21:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1270" data-t="1270">it is a tool that you can use</span> <span class="cue" id="t-1272" data-t="1272">to,</span> <span class="cue" id="t-1274" data-t="1274">maintain your sovereignty</span> <span class="cue" id="t-1276" data-t="1276">if you use it the correct way. They're just having it as a trophy in your basement, you know, with with with LED lights shining up.</span> <span class="cue" id="t-1285" data-t="1285">But it's like, this is my this is my my sovereignty. My my bank is in my basement. My bank is in my my office. I am my own bank.</span> <span class="cue" id="t-1294" data-t="1294">It's just it's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1296">21:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1296" data-t="1296">using it as a purity test, you know, is a good example where it's, you're assigning, like you said, too much value to something,</span> <span class="cue" id="t-1302" data-t="1302">that is much more,</span> <span class="cue" id="t-1305" data-t="1305">but now you're making it much bigger than it needs to be.</span> <span class="cue" id="t-1308" data-t="1308">And that's a weird thing to do.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1312">21:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1312" data-t="1312">I I think that I mean, listening to forty hours is much bigger deal than running a node.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1318">21:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1318" data-t="1318">100%.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1320">21:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1320" data-t="1320">Because there's so much There's forty hours of work that's put in to listen to forty hours of podcast.</span> <span class="cue" id="t-1326" data-t="1326">Whereas running a node, I mean, I guess you could spend a lot of time actually understanding what you're doing, but I don't think a lot of people do that. It's like one of the benefits of, like, Umbrel and StartNine is you don't have to understand anything. You don't have to spend any time understanding what you're doing.</span> <span class="cue" id="t-1341" data-t="1341">It's a</span> <span class="cue" id="t-1343" data-t="1343">No. One of the benefits of, like, PTC sessions tutorials, like, you know, when you're script kitty,</span> <span class="cue" id="t-1349" data-t="1349">you don't need</span> <span class="cue" id="t-1351" data-t="1351">to actually understand the code that you're you're typing out. You can just copy paste.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1356">22:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1356" data-t="1356">It's like a mind cook, right?</span> <span class="cue" id="t-1359" data-t="1359">The chef is the person who is</span> <span class="cue" id="t-1362" data-t="1362">really</span> <span class="cue" id="t-1364" data-t="1364">being creative,</span> <span class="cue" id="t-1365" data-t="1365">creating new dish, challenging, whatever. A line cook is just taking a recipe and it's they're putting it together and they're following the steps. They're following the script.</span> <span class="cue" id="t-1375" data-t="1375">And if you use a start nine or you you use BT sessions, you are</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1380">23:00</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1380" data-t="1380">following you're following another man's script.</span> <span class="cue" id="t-1383" data-t="1383">Do you want to follow another man's script, or do you want to write your own script and be able to craft your own script and be able to refine it and fix where fix it where it's, it's not working where you might find or do you just wanna trust another man's script?</span> <span class="cue" id="t-1400" data-t="1400">So that's why it's like people who</span> <span class="cue" id="t-1402" data-t="1402">are using their node in creative, valuable ways. They would never talk about,</span> <span class="cue" id="t-1409" data-t="1409">what they're doing is,</span> <span class="cue" id="t-1411" data-t="1411">using my node. It's</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1414">23:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1414" data-t="1414">it gives it that that makes sense. But</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1416">23:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1416" data-t="1416">Yeah. Well, it's kind of the difference between a pleb and a pioneer is the, the pioneer</span> <span class="cue" id="t-1421" data-t="1421">goes to places where there's no script to follow.</span> <span class="cue" id="t-1425" data-t="1425">They're writing their own script, whereas the the plebs just solely lives off of other people's scripts</span> <span class="cue" id="t-1430" data-t="1430">that are determined for them.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1434">23:54</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1434" data-t="1434">Yeah. So if you were if you're training</span> <span class="cue" id="t-1437" data-t="1437">if the if the way you interact with your node</span> <span class="cue" id="t-1440" data-t="1440">is the way you interact, if you like if you if you're like Carl,</span> <span class="cue" id="t-1444" data-t="1444">Rev Hoddle,</span> <span class="cue" id="t-1446" data-t="1446">if you're if you're a homesteader,</span> <span class="cue" id="t-1448" data-t="1448">you're you're creating your reality. You are building your ecosystem,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1454">24:14</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1454" data-t="1454">and you're spreading it. You're you're creating new channels</span> <span class="cue" id="t-1457" data-t="1457">with other,</span> <span class="cue" id="t-1458" data-t="1458">with other people in your community like that. If you're doing that with your node,</span> <span class="cue" id="t-1462" data-t="1462">then you yeah. That counts, I guess, as forty hours of Bitcoin podcast per week. But it will if if all you're doing is going through the steps,</span> <span class="cue" id="t-1472" data-t="1472">then at least with Bitcoin podcast, you are paying attention. And it's like we there's a lot of things we do in life where sometimes we're just following the script or we're just following the steps, including our, like, you know, our relationships.</span> <span class="cue" id="t-1485" data-t="1485">And if you treat</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1487">24:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1487" data-t="1487">your node the way that you you know, some people treat their wife,</span> <span class="cue" id="t-1490" data-t="1490">they don't pay any attention to it,</span> <span class="cue" id="t-1493" data-t="1493">then it's not it's not a valuable interaction. But if you're at least listening,</span> <span class="cue" id="t-1499" data-t="1499">intently for forty hours per week of any activity,</span> <span class="cue" id="t-1502" data-t="1502">you know, it there's gonna be more value there.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1507">25:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1507" data-t="1507">Do you know off the top of your head how many mining poles are running knots?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1512">25:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1512" data-t="1512">I don't know that. Haven't seen any data. I only know the percentage of Nott's,</span> <span class="cue" id="t-1518" data-t="1518">nodes is apparently</span> <span class="cue" id="t-1520" data-t="1520">17%.</span> <span class="cue" id="t-1521" data-t="1521">I haven't seen a link to that. I've only seen screenshots.</span> <span class="cue" id="t-1526" data-t="1526">So I don't, you know, there's no,</span> <span class="cue" id="t-1528" data-t="1528">data about how many of those are economic nodes either.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1532">25:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1532" data-t="1532">So for all we know, any we we just don't know a lot.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1536">25:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1536" data-t="1536">I feel like the term economic node is a pejorative.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1541">25:41</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1541" data-t="1541">It's not politically correct. Right. It's it's like the,</span> <span class="cue" id="t-1546" data-t="1546">people talk about</span> <span class="cue" id="t-1548" data-t="1548">before,</span> <span class="cue" id="t-1549" data-t="1549">you know, this</span> <span class="cue" id="t-1551" data-t="1551">'19 late nineteen hundreds, right, or, eighteen hundreds, you know, you had to be a landowner.</span> <span class="cue" id="t-1557" data-t="1557">You had to be a man.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1559">25:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1559" data-t="1559">You had to,</span> <span class="cue" id="t-1561" data-t="1561">you had to have some stake</span> <span class="cue" id="t-1563" data-t="1563">in</span> <span class="cue" id="t-1565" data-t="1565">the community.</span> <span class="cue" id="t-1566" data-t="1566">You had to have, you know, there's some impact or, you know, serve some purpose,</span> <span class="cue" id="t-1573" data-t="1573">especially with money on the line to be able to vote.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1578">26:18</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1578" data-t="1578">And then now it's, like, kinda anybody can vote. You need an app that you could just come down vacation</span> <span class="cue" id="t-1582" data-t="1582">in The United States. If you're here on Election Day, you can vote.</span> <span class="cue" id="t-1586" data-t="1586">You don't have to know anything about what you're voting for,</span> <span class="cue" id="t-1590" data-t="1590">or what, you know, what information you were told that you're passing on. You know, whatever. Everybody can vote.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1597">26:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1597" data-t="1597">Yeah. I'm really it's part part part of the reason why I'm not a big fan of democracy is because everybody can vote.</span> <span class="cue" id="t-1605" data-t="1605">It'd make a lot more sense if there was some sort of restriction on, you have to listen to forty hours per podcast a week. You have to have read The Bitcoin Standard, The Road to Serfdom by Hayek,</span> <span class="cue" id="t-1616" data-t="1616">Rothbard's</span> <span class="cue" id="t-1617" data-t="1617">history on</span> <span class="cue" id="t-1619" data-t="1619">banking.</span> <span class="cue" id="t-1622" data-t="1622">I feel like there should be a massive checklist.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1625">27:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1625" data-t="1625">I don't think being a landowner</span> <span class="cue" id="t-1629" data-t="1629">should be a requirement anymore because we all know that, real estate's a shitcoin,</span> <span class="cue" id="t-1635" data-t="1635">according to Safedine.</span> <span class="cue" id="t-1636" data-t="1636">So that would be kinda contrary to, the advice you hear on a lot of podcasts. Yeah. I mean,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1645">27:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1645" data-t="1645">people people it's like, what's the, like a poll test or, you know, a quiz or a test that you have to pass,</span> <span class="cue" id="t-1651" data-t="1651">a purity test that you have to pass to be able to vote.</span> <span class="cue" id="t-1655" data-t="1655">So some people think</span> <span class="cue" id="t-1657" data-t="1657">that</span> <span class="cue" id="t-1659" data-t="1659">it's not enough to be a node runner. You have to be an economic node. Now the the definition</span> <span class="cue" id="t-1665" data-t="1665">of economic node, there's not a single definition for that.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1669">27:49</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1669" data-t="1669">Everybody kind of views that the wrong way. So, you know, some people think that you have to be broadcasting</span> <span class="cue" id="t-1673" data-t="1673">transactions</span> <span class="cue" id="t-1675" data-t="1675">to be an economic node. Some people think you have to be a mining you have to be a mining node, that is actually building, you know, submitting blocks and and all that. But some people think that you just have to use it to verify</span> <span class="cue" id="t-1686" data-t="1686">your transactions.</span> <span class="cue" id="t-1688" data-t="1688">And some people that you have got various. I I even believe personally</span> <span class="cue" id="t-1693" data-t="1693">that,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1695">28:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1695" data-t="1695">you know, just the fact that you were spending your time</span> <span class="cue" id="t-1698" data-t="1698">and would, you know, start 9. Bitcoin, those services are cheap.</span> <span class="cue" id="t-1703" data-t="1703">So if you if you spend a thousand dollars on a Start9 Bitcoin server,</span> <span class="cue" id="t-1709" data-t="1709">and you are,</span> <span class="cue" id="t-1712" data-t="1712">you</span> <span class="cue" id="t-1713" data-t="1713">know,</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">Rod Palmer</b> <span class="cue" id="t-1714" data-t="1714">contributing to</span> <span class="cue" id="t-1716" data-t="1716">that, that economy in such a high</span> <span class="cue" id="t-1719" data-t="1719">stake fashion. I think maybe you should be able to vote. I would, I think that it's worth being an economic node. If you own a start nine server, I don't think there's any more requirements after that, but I think if you're gonna run it from your laptop,</span> <span class="cue" id="t-1730" data-t="1730">I think you should probably be using it to broadcast and, you know, verify and potentially, you know, be a miner or a solo miner.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1739">28:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1739" data-t="1739">Star nine puts out their their OS that you can put on,</span> <span class="cue" id="t-1744" data-t="1744">like a typewriter.</span> <span class="cue" id="t-1745" data-t="1745">Right?</span> <span class="cue" id="t-1746" data-t="1746">I'm pretty sure.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1747">29:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1747" data-t="1747">Yeah. I think so. Yeah. I would say,</span> <span class="cue" id="t-1750" data-t="1750">this is where I would draw the line is start nine's,</span> <span class="cue" id="t-1754" data-t="1754">node</span> <span class="cue" id="t-1756" data-t="1756">or, you know, you're basically using your node every day. Like, you know how to actually use the command line? Like, Cypherpunks know the command line, and you know Ubuntu.</span> <span class="cue" id="t-1764" data-t="1764">But, like, Umbrel and below,</span> <span class="cue" id="t-1767" data-t="1767">not an economic node. If you're running Umbrel, you're probably not an economic node.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1772">29:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1772" data-t="1772">Did that down to there aren't exceptions.</span> <span class="cue" id="t-1774" data-t="1774">Just that,</span> <span class="cue" id="t-1775" data-t="1775">you know,</span> <span class="cue" id="t-1777" data-t="1777">nine times out of 10.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1780">29:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1780" data-t="1780">Could it be argued that a start nine server is</span> <span class="cue" id="t-1783" data-t="1783">a shitcoin because</span> <span class="cue" id="t-1786" data-t="1786">you should buy Bitcoin instead.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1790">29:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1790" data-t="1790">Matthew Piepenburg (3seven zero three): I think that is kind of a point I'm making is that if you are willing to</span> <span class="cue" id="t-1796" data-t="1796">waste that much potential Bitcoin, like, I mean, one a 900 purchase thousand dollars purchase a couple of years ago, that's generational wealth in ten years. So if you're willing to sacrifice</span> <span class="cue" id="t-1807" data-t="1807">that much Bitcoin</span> <span class="cue" id="t-1809" data-t="1809">to contribute to the lightning network,</span> <span class="cue" id="t-1811" data-t="1811">then yeah, I think that,</span> <span class="cue" id="t-1813" data-t="1813">that that's enough for some stake.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1816">30:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1816" data-t="1816">It's like a million sats. This is one of the things That's the tax you gotta pay. That's the tax you pay.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1821">30:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1821" data-t="1821">This is the reason why it's important to listen to forty hours per week, folks, because you you need entropy because there's a lot of podcasters that'll paint a picture that's very, like,</span> <span class="cue" id="t-1831" data-t="1831">one-sided</span> <span class="cue" id="t-1832" data-t="1832">or or or they'll paint paint things like they're,</span> <span class="cue" id="t-1837" data-t="1837">monoliths.</span> <span class="cue" id="t-1838" data-t="1838">Like, the the thing that people used to do all the time</span> <span class="cue" id="t-1842" data-t="1842">is they presented</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1843">30:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1843" data-t="1843">a reality where the only way that you should run a Bitcoin node was on a Raspberry Pi.</span> <span class="cue" id="t-1849" data-t="1849">That was</span> <span class="cue" id="t-1850" data-t="1850">something that was done in the last cycle. So everything was Raspberry Pi focused. Start nine started with Raspberry Pi</span> <span class="cue" id="t-1858" data-t="1858">before they realized they should probably use better hardware,</span> <span class="cue" id="t-1861" data-t="1861">for things like Nextcloud and, you know, all the other shit that they got on there.</span> <span class="cue" id="t-1866" data-t="1866">You can use a typewriter</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1868">31:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1868" data-t="1868">to either run StartOS,</span> <span class="cue" id="t-1870" data-t="1870">run Umbrel, run</span> <span class="cue" id="t-1874" data-t="1874">whatever it is. You don't have to use a Raspberry</span> <span class="cue" id="t-1878" data-t="1878">Pi. It could be significantly cheaper,</span> <span class="cue" id="t-1881" data-t="1881">and there's probably less chances of, Masada infiltrating the supply chain, in my opinion.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1888">31:28</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1888" data-t="1888">Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1890">31:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1890" data-t="1890">We haven't talked we haven't talked about this. Like, what what are the odds that the Mossad has,</span> <span class="cue" id="t-1895" data-t="1895">put</span> <span class="cue" id="t-1897" data-t="1897">explosives</span> <span class="cue" id="t-1898" data-t="1898">on</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1899">31:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1899" data-t="1899">all the start nine servers? Well, they need to maybe they need to be more transparent about,</span> <span class="cue" id="t-1904" data-t="1904">their parts,</span> <span class="cue" id="t-1906" data-t="1906">the solid everything that goes into the, you know, open source the model, so to speak,</span> <span class="cue" id="t-1911" data-t="1911">open source the model,</span> <span class="cue" id="t-1913" data-t="1913">let people</span> <span class="cue" id="t-1914" data-t="1914">if yours if your hardware wallet,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1919">31:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1919" data-t="1919">your wallet in general, but obviously hardware wallets are more prone to explosions.</span> <span class="cue" id="t-1925" data-t="1925">If it's not open source, we just can't verify that it's not potentially</span> <span class="cue" id="t-1928" data-t="1928">infiltrated by Mossad.</span> <span class="cue" id="t-1931" data-t="1931">And there's this thing, you know, there might be some sort of tool that we can develop that you can once you get your hardware wallet or your node,</span> <span class="cue" id="t-1940" data-t="1940">in the mail that you can verify that it hasn't been tampered with,</span> <span class="cue" id="t-1944" data-t="1944">and infiltrated by Mossad.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1947">32:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1947" data-t="1947">But until until that, you know,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1949">32:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1949" data-t="1949">it's something that you gotta assume. I just tweeted. I I was asking,</span> <span class="cue" id="t-1955" data-t="1955">how many mining pools run knots? Charlie Spears responded right away</span> <span class="cue" id="t-1960" data-t="1960">and said, oh, point five mining pools are running nonce. So I followed up and asked him how what the percentage of hash rate is.</span> <span class="cue" id="t-1967" data-t="1967">Now, I think there's a few ways to look at this. There is the fact that, like, no significant amount of hash rate is supporting lots.</span> <span class="cue" id="t-1978" data-t="1978">But I think another metric that would be more interesting to look at is the percentage of decentralized</span> <span class="cue" id="t-1984" data-t="1984">hash rate</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-1985">33:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1985" data-t="1985">that is supporting knots. How many bid access</span> <span class="cue" id="t-1990" data-t="1990">are supporting knots?</span> <span class="cue" id="t-1993" data-t="1993">I think it's probably a very, very, very, very high percentage</span> <span class="cue" id="t-1998" data-t="1998">in comparison to the the overall,</span> <span class="cue" id="t-2001" data-t="2001">hash rate, which is really brings up the importance between decentralized and and centralized hash rate. I think we need a better definition and a clear definition of what centralized and decentralized</span> <span class="cue" id="t-2012" data-t="2012">hash rate. Because I think there's a few definitions, but I think</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2016">33:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2016" data-t="2016">one of the things I've seen a lot with purity test</span> <span class="cue" id="t-2020" data-t="2020">is that they like to change</span> <span class="cue" id="t-2024" data-t="2024">the standards of whatever the test is</span> <span class="cue" id="t-2028" data-t="2028">depending on convenience for them. So somebody might pass</span> <span class="cue" id="t-2032" data-t="2032">a certain purity test,</span> <span class="cue" id="t-2036" data-t="2036">just based on convenience.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2038">33:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2038" data-t="2038">Yeah. And then turns out they,</span> <span class="cue" id="t-2042" data-t="2042">didn't actually really pass the purity test. They were just given, like, a</span> <span class="cue" id="t-2048" data-t="2048">it's like there's a grading curve,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2051">34:11</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2051" data-t="2051">essentially. Yeah. That's how you use it. A lot of times people call it like moving the goalposts.</span> <span class="cue" id="t-2055" data-t="2055">Yeah. There's a lot of controversy</span> <span class="cue" id="t-2057" data-t="2057">about</span> <span class="cue" id="t-2060" data-t="2060">Tandus Owens reporting regarding</span> <span class="cue" id="t-2062" data-t="2062">Emmanuel Macron,</span> <span class="cue" id="t-2064" data-t="2064">the,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2065">34:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2065" data-t="2065">prime minister or the president of France. He,</span> <span class="cue" id="t-2068" data-t="2068">he,</span> <span class="cue" id="t-2069" data-t="2069">he got through</span> <span class="cue" id="t-2070" data-t="2070">university,</span> <span class="cue" id="t-2071" data-t="2071">got these grades and he was get passing these exams that,</span> <span class="cue" id="t-2075" data-t="2075">none of his peers</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2077">34:37</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2077" data-t="2077">believed that, he was qualified or,</span> <span class="cue" id="t-2080" data-t="2080">smart enough for whatever to pass, but he just, he just kept moving through. And there's some people who</span> <span class="cue" id="t-2086" data-t="2086">they just kind of seem to</span> <span class="cue" id="t-2089" data-t="2089">gravitate upwards in influence and power,</span> <span class="cue" id="t-2093" data-t="2093">without having to,</span> <span class="cue" id="t-2096" data-t="2096">you know, show,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2097">34:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2097" data-t="2097">show their grades, so to speak, show you their credentials,</span> <span class="cue" id="t-2101" data-t="2101">the pick the theory test.</span> <span class="cue" id="t-2103" data-t="2103">They don't have to wear those on their on their jackets.</span> <span class="cue" id="t-2108" data-t="2108">It happens.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2110">35:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2110" data-t="2110">So you've been following that whole saga with, Candace</span> <span class="cue" id="t-2114" data-t="2114">and,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2116">35:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2116" data-t="2116">You know, I've I've been listening to some podcast. I I would have been say I've listened to forty hours on Candace and France, but, I think I'm pretty</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2124">35:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2124" data-t="2124">they got a pretty good base knowledge. This is gonna be a pretty interesting revelation if we find out that all the first ladies around the world are actually transgender.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2134">35:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2134" data-t="2134">Yeah.</span> <span class="cue" id="t-2136" data-t="2136">I mean,</span> <span class="cue" id="t-2138" data-t="2138">just just one kind of</span> <span class="cue" id="t-2141" data-t="2141">just one</span> <span class="cue" id="t-2142" data-t="2142">being a transgender</span> <span class="cue" id="t-2143" data-t="2143">kind of verified</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">Rod Palmer</b> <span class="cue" id="t-2145" data-t="2145">puts the rest of them into question.</span> <span class="cue" id="t-2147" data-t="2147">It doesn't we're not necessarily going to get verification,</span> <span class="cue" id="t-2151" data-t="2151">DNA tests,</span> <span class="cue" id="t-2153" data-t="2153">is we we won't be able to trust any videos. Like, if you see Michelle Obama with a boner, like, you'll have to assume that that's Photoshop</span> <span class="cue" id="t-2160" data-t="2160">or AI.</span> <span class="cue" id="t-2162" data-t="2162">But,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2164">36:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2164" data-t="2164">it makes the whole</span> <span class="cue" id="t-2165" data-t="2165">makes the whole thing murky. It makes you wonder what else</span> <span class="cue" id="t-2169" data-t="2169">it seems too absurd for them to lie about for them to actually lie about. Absolutely.</span> <span class="cue" id="t-2176" data-t="2176">But I think to</span> <span class="cue" id="t-2178" data-t="2178">tie this, this thing with nodes up here</span> <span class="cue" id="t-2181" data-t="2181">is</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2182">36:22</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2182" data-t="2182">if you want to be a node runner</span> <span class="cue" id="t-2185" data-t="2185">and you are, you still want to be a node runner and especially if you are going to</span> <span class="cue" id="t-2191" data-t="2191">try to be an economic node,</span> <span class="cue" id="t-2194" data-t="2194">it comes with responsibility, isn't it? This this vote is not free. Roman storm found that out recently,</span> <span class="cue" id="t-2200" data-t="2200">and the US government has decided</span> <span class="cue" id="t-2203" data-t="2203">with precedents that,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2205">36:45</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2205" data-t="2205">node runners</span> <span class="cue" id="t-2208" data-t="2208">are my transmitters.</span> <span class="cue" id="t-2209" data-t="2209">So</span> <span class="cue" id="t-2211" data-t="2211">that changes the dynamics if you if you are at risk. Should you be should</span> <span class="cue" id="t-2216" data-t="2216">if you run an umbrella node, should you be,</span> <span class="cue" id="t-2219" data-t="2219">exempt</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2220">37:00</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2220" data-t="2220">from</span> <span class="cue" id="t-2221" data-t="2221">being, you know, having to get the money transmitter license?</span> <span class="cue" id="t-2225" data-t="2225">If you have a star nine, is that should you consider</span> <span class="cue" id="t-2229" data-t="2229">filing for a money transmitter license so that you are in compliance?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2234">37:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2234" data-t="2234">It's a good question. I mean, that that was like the precedent set in that case was we are all money transmitters</span> <span class="cue" id="t-2240" data-t="2240">now.</span> <span class="cue" id="t-2242" data-t="2242">Every single one of us.</span> <span class="cue" id="t-2246" data-t="2246">Podcasters are money transmitters. Node operators are money transmitters.</span> <span class="cue" id="t-2252" data-t="2252">Wallet users are money transmitters.</span> <span class="cue" id="t-2254" data-t="2254">Wallet developers</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2255">37:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2255" data-t="2255">are money transmitters.</span> <span class="cue" id="t-2258" data-t="2258">Core developers are money transmitters. Nantz developers are money transmitters.</span> <span class="cue" id="t-2263" data-t="2263">Mining pools are mining transmitters.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2266">37:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2266" data-t="2266">This is why</span> <span class="cue" id="t-2267" data-t="2267">we preach to you</span> <span class="cue" id="t-2269" data-t="2269">the importance and just to understand what you're doing by orange pilling the feds. We told</span> <span class="cue" id="t-2274" data-t="2274">in podcast on Twitter, we announced that</span> <span class="cue" id="t-2278" data-t="2278">we are</span> <span class="cue" id="t-2279" data-t="2279">ungovernable. Like, we are able to transmit money anywhere in the world,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2284">38:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2284" data-t="2284">as long as we have access to the Internet. Like, nobody could stop us. So they are just they are,</span> <span class="cue" id="t-2289" data-t="2289">you know, in almost way, they are recognizing,</span> <span class="cue" id="t-2293" data-t="2293">people for what they are, which is money transmitters.</span> <span class="cue" id="t-2296" data-t="2296">But</span> <span class="cue" id="t-2297" data-t="2297">with recognition comes what, you know, what does this mean for us? I think it'd be good to have Dennis to,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2304">38:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2304" data-t="2304">campaign and lobby</span> <span class="cue" id="t-2306" data-t="2306">for just, like, a clear way. It should be able to get a money transmitter license</span> <span class="cue" id="t-2311" data-t="2311">as it is to get</span> <span class="cue" id="t-2314" data-t="2314">a driver's license, in my opinion. Right.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2319">38:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2319" data-t="2319">If the definition of money transmitter</span> <span class="cue" id="t-2322" data-t="2322">is</span> <span class="cue" id="t-2324" data-t="2324">so loose and so broad. And it really, I, it's hard to justify</span> <span class="cue" id="t-2328" data-t="2328">the high cost of being a money, because you might not even know</span> <span class="cue" id="t-2332" data-t="2332">you're a money transmitter and you're subjects to fines. And, you know, in penalties,</span> <span class="cue" id="t-2338" data-t="2338">this disproportionately</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2339">38:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2339" data-t="2339">affects minorities. Like, these people are,</span> <span class="cue" id="t-2342" data-t="2342">not able to afford money transmitter licenses.</span> <span class="cue" id="t-2345" data-t="2345">If you are</span> <span class="cue" id="t-2347" data-t="2347">working the minimum wage, you cannot afford to pay rent,</span> <span class="cue" id="t-2350" data-t="2350">buy groceries, and still afford to pay for a money transmitter license.</span> <span class="cue" id="t-2354" data-t="2354">But you has to the the costs have to come down. You you can't be</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2358">39:18</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2358" data-t="2358">this is what I mean by there's gotta be exceptions, something. Subsidized MTLs.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2364">39:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2364" data-t="2364">You know, Dennis has worked really hard on campaigning for our right to self custody Bitcoin.</span> <span class="cue" id="t-2370" data-t="2370">And a part of having a right to do something is the right to get a license to do it.</span> <span class="cue" id="t-2376" data-t="2376">Many states, you have to have a license to</span> <span class="cue" id="t-2379" data-t="2379">own or possess or carry a firearm.</span> <span class="cue" id="t-2382" data-t="2382">That's a you know, owning a firearm is constitutionally protected</span> <span class="cue" id="t-2386" data-t="2386">right,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2387">39:47</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2387" data-t="2387">except in California and New York and a few places.</span> <span class="cue" id="t-2392" data-t="2392">But, you know, those don't count as The United States because they're just blatantly communist. But,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2400">40:00</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2400" data-t="2400">it's we need to look at it like</span> <span class="cue" id="t-2403" data-t="2403">getting a fishing you know, getting a money transmitter license should be as ridiculous as getting a fishing license.</span> <span class="cue" id="t-2410" data-t="2410">At least with fishing, you can't do it on accident. At least you can't accidentally</span> <span class="cue" id="t-2414" data-t="2414">go put a worm on a hook, cast your,</span> <span class="cue" id="t-2418" data-t="2418">cast your line, you know, snag yourself a bluegill,</span> <span class="cue" id="t-2421" data-t="2421">reel it back in. You can't do that. If they're saying that you can be a money transmitter without even knowing it, but people not even realizing they are like, it's the idea of a license for such a thing is so stupid that it has to be abolished altogether or they have to give them to everybody, I think. Yeah. I mean, should it be like the the secret service where, you know or sorry, selective service when you, turn 18 years old as a man and you have to register,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2448">40:48</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2448" data-t="2448">for a potential draft?</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">Rod Palmer</b> <span class="cue" id="t-2450" data-t="2450">Gotta register your note.</span> <span class="cue" id="t-2452" data-t="2452">If you're an 18, you gotta register your note.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2455">40:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2455" data-t="2455">So should there be And No.</span> <span class="cue" id="t-2457" data-t="2457">I mean, I think it'd be fair to restrict</span> <span class="cue" id="t-2462" data-t="2462">people 18 years old.</span> <span class="cue" id="t-2465" data-t="2465">And I know libertarians will get upset about this because they want to argue the age of consent,</span> <span class="cue" id="t-2470" data-t="2470">but to restrict</span> <span class="cue" id="t-2472" data-t="2472">people from being able to run nodes until they're 18 so they can consent to rape.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2479">41:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2479" data-t="2479">Does that make sense?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2480">41:20</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2480" data-t="2480">Yeah. Well, the other thing that</span> <span class="cue" id="t-2483" data-t="2483">I this brings to question for</span> <span class="cue" id="t-2486" data-t="2486">me is, you know,</span> <span class="cue" id="t-2487" data-t="2487">this is a very big topic in,</span> <span class="cue" id="t-2490" data-t="2490">legacy</span> <span class="cue" id="t-2491" data-t="2491">politics, legacy elections.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2494">41:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2494" data-t="2494">Should you have to show your ID to vote voter ID, right?</span> <span class="cue" id="t-2498" data-t="2498">Should if</span> <span class="cue" id="t-2499" data-t="2499">if we say, oh, whether you run a node or whether you're on an economic node</span> <span class="cue" id="t-2504" data-t="2504">that used to still have, you know, secret ballot. We we don't ask you if you're running knots or if you're running core, but should you have the KYC</span> <span class="cue" id="t-2513" data-t="2513">to be able to be an economic node with a vote on the network? Should you have to identify, hey. This</span> <span class="cue" id="t-2520" data-t="2520">is Rod Palmer's,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2522">42:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2522" data-t="2522">Rod Palmer's node. I'll be relaying transactions and fees according to my values,</span> <span class="cue" id="t-2528" data-t="2528">from this location.</span> <span class="cue" id="t-2530" data-t="2530">But when it comes to</span> <span class="cue" id="t-2532" data-t="2532">deciding</span> <span class="cue" id="t-2533" data-t="2533">on,</span> <span class="cue" id="t-2534" data-t="2534">bits and,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2535">42:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2535" data-t="2535">hard forks and soft forks,</span> <span class="cue" id="t-2538" data-t="2538">my vote will be cast from this node,</span> <span class="cue" id="t-2541" data-t="2541">from this, from this identity, you know, this is by KYC.</span> <span class="cue" id="t-2545" data-t="2545">Should that be a requirement?</span> <span class="cue" id="t-2546" data-t="2546">Should you have to KYC to vote?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2550">42:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2550" data-t="2550">Well, I know people are split on this.</span> <span class="cue" id="t-2552" data-t="2552">You know, a lot of people on the right</span> <span class="cue" id="t-2556" data-t="2556">believe that you should. They they believe fundamentally</span> <span class="cue" id="t-2558" data-t="2558">in KYC being a pillar of our democracy. Now, a lot of people on the left</span> <span class="cue" id="t-2563" data-t="2563">believe</span> <span class="cue" id="t-2565" data-t="2565">that KYC is racist because they think black people are too retarded to KYC.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2570">42:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2570" data-t="2570">And</span> <span class="cue" id="t-2573" data-t="2573">so</span> <span class="cue" id="t-2574" data-t="2574">I I don't know what my I'm not a huge fan of KYC, but it's I I it's not because I think black people are too retarded to do it.</span> <span class="cue" id="t-2585" data-t="2585">But it is Yeah. Yeah. I mean, you don't need to be KYC to participate</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2589">43:09</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2589" data-t="2589">in the network. You just need KYC</span> <span class="cue" id="t-2592" data-t="2592">to vote for your vote to matter, for your participation to matter.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2598">43:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2598" data-t="2598">Yeah. I I think the right</span> <span class="cue" id="t-2601" data-t="2601">generally was</span> <span class="cue" id="t-2602" data-t="2602">speaking</span> <span class="cue" id="t-2604" data-t="2604">be in favor of KYC ing your node because</span> <span class="cue" id="t-2608" data-t="2608">running a node is essentially voting in the eyes of many,</span> <span class="cue" id="t-2612" data-t="2612">many people.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2614">43:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2614" data-t="2614">Right?</span> <span class="cue" id="t-2615" data-t="2615">Like, Dennis very clearly put it out there this week. He said that,</span> <span class="cue" id="t-2619" data-t="2619">he's making fun of Shinobi because he</span> <span class="cue" id="t-2623" data-t="2623">he was saying that running a node essentially lets you impact Bitcoin</span> <span class="cue" id="t-2629" data-t="2629">policy.</span> <span class="cue" id="t-2631" data-t="2631">It's like</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2632">43:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2632" data-t="2632">I I don't know if he's likening it to voting or he's likening it to lobbying.</span> <span class="cue" id="t-2638" data-t="2638">But either way, you're engaging in the political process. And if you're gauging in the political process, it makes sense to</span> <span class="cue" id="t-2646" data-t="2646">KYC. It's like</span> <span class="cue" id="t-2648" data-t="2648">For example, when you go to Bitcoin conferences and you have all these politicians</span> <span class="cue" id="t-2652" data-t="2652">there, the Secret Service will be there and they're KYC ing all the speakers at the conference. Right?</span> <span class="cue" id="t-2657" data-t="2657">So all the people that are that are wearing masks and trying to protect their image, like, they're having a KYC with the with the Secret Service. Like, if if the federal government</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">if these politicians start running Bitcoin nodes and you're interacting with their nodes, it would make sense for the the secret service to to screen you.</span> <span class="cue" id="t-2676" data-t="2676">Does that make sense?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2677">44:37</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2677" data-t="2677">Yeah. Right.</span> <span class="cue" id="t-2681" data-t="2681">Here's the I mean,</span> <span class="cue" id="t-2683" data-t="2683">I was gonna say, this is</span> <span class="cue" id="t-2686" data-t="2686">kind of the dichotomy that I think some people sense is being built, right? You've got a very compliant</span> <span class="cue" id="t-2693" data-t="2693">high, high level of user experience,</span> <span class="cue" id="t-2699" data-t="2699">you know, side of the network. You've got, big paper Bitcoin,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2703">45:03</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2703" data-t="2703">and you've got custodial lightning.</span> <span class="cue" id="t-2706" data-t="2706">You got some of these enterprise level KYC compliant.</span> <span class="cue" id="t-2709" data-t="2709">And then you don't have to participate that you can you can operate out in the more independent, decentralized value for value</span> <span class="cue" id="t-2717" data-t="2717">autonomy.</span> <span class="cue" id="t-2720" data-t="2720">But what Dennis Porter's also doing is he has proposed</span> <span class="cue" id="t-2724" data-t="2724">to the, the treasury secretary</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2727">45:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2727" data-t="2727">And he's been an advocate for bills in the state of Arizona and other other places where,</span> <span class="cue" id="t-2733" data-t="2733">they they create a state or a, strategic Bitcoin reserve at the state or or federal level. And they it is birthed as a tool,</span> <span class="cue" id="t-2743" data-t="2743">to provide wealth to the country and to the share into the the the voters, the network.</span> <span class="cue" id="t-2749" data-t="2749">But it is</span> <span class="cue" id="t-2751" data-t="2751">built upon a foundation of</span> <span class="cue" id="t-2753" data-t="2753">basically</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2755">45:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2755" data-t="2755">confiscating</span> <span class="cue" id="t-2757" data-t="2757">Bitcoin and other digital assets from</span> <span class="cue" id="t-2760" data-t="2760">particularly</span> <span class="cue" id="t-2761" data-t="2761">what they call abandoned</span> <span class="cue" id="t-2763" data-t="2763">or non KYC</span> <span class="cue" id="t-2765" data-t="2765">Bitcoin.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2766">46:06</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2766" data-t="2766">So</span> <span class="cue" id="t-2767" data-t="2767">if your node or your wallet, you know,</span> <span class="cue" id="t-2771" data-t="2771">is outside of this system</span> <span class="cue" id="t-2773" data-t="2773">and you cross paths with a fed, you open a lightning channel with a fed, you somehow get ensnared,</span> <span class="cue" id="t-2781" data-t="2781">where</span> <span class="cue" id="t-2783" data-t="2783">your funds,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2785">46:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2785" data-t="2785">might be at risk or be vulnerable</span> <span class="cue" id="t-2787" data-t="2787">because you try to use an exchange or something, etcetera, whatever.</span> <span class="cue" id="t-2791" data-t="2791">It might be vulnerable because</span> <span class="cue" id="t-2793" data-t="2793">you're not KYC'd, so it is now</span> <span class="cue" id="t-2797" data-t="2797">taken by the con by the state,</span> <span class="cue" id="t-2799" data-t="2799">added to the strategic Bitcoin reserve.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2802">46:42</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2802" data-t="2802">And that</span> <span class="cue" id="t-2803" data-t="2803">growing value is seen by the society. It's like, oh, like, this is good. It is a good thing that we started taking Bitcoin away from non KYC nodes, nodes that don't wanna participate in our network,</span> <span class="cue" id="t-2814" data-t="2814">nodes that don't wanna show their ID so they can vote on the next, you know, pull requests on Bitcoin Core.</span> <span class="cue" id="t-2822" data-t="2822">And in the that's just a situation you</span> <span class="cue" id="t-2825" data-t="2825">you have to be cognizant of, and we have to avoid if if we are going to celebrate a strategic Bitcoin reserve built upon</span> <span class="cue" id="t-2833" data-t="2833">confiscating</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2834">47:14</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2834" data-t="2834">non KYC coins,</span> <span class="cue" id="t-2838" data-t="2838">then there are second order of consequences</span> <span class="cue" id="t-2840" data-t="2840">to that that you should be aware of.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2844">47:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2844" data-t="2844">Yeah. But, you know, people need to just accept they're living in a democracy, they're living in a society,</span> <span class="cue" id="t-2849" data-t="2849">and</span> <span class="cue" id="t-2851" data-t="2851">that not playing by the rules because the rules are fake and gay</span> <span class="cue" id="t-2855" data-t="2855">is antisocial.</span> <span class="cue" id="t-2856" data-t="2856">And that you just have to you have to blindly</span> <span class="cue" id="t-2859" data-t="2859">accept</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2861">47:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2861" data-t="2861">whatever,</span> <span class="cue" id="t-2862" data-t="2862">the policy makers</span> <span class="cue" id="t-2863" data-t="2863">said into law</span> <span class="cue" id="t-2865" data-t="2865">as being the case. And, you know, this this budget neutral</span> <span class="cue" id="t-2868" data-t="2868">proposal or idea</span> <span class="cue" id="t-2870" data-t="2870">of, stealing people's funds in order to,</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">Richard Greaser</b> <span class="cue" id="t-2874" data-t="2874">you know, fund the strategic Bitcoin reserve, is it it's an interesting one for a variety of reasons. Like, one of the things we know</span> <span class="cue" id="t-2881" data-t="2881">is that sanctions work.</span> <span class="cue" id="t-2883" data-t="2883">In warfare,</span> <span class="cue" id="t-2885" data-t="2885">you know,</span> <span class="cue" id="t-2886" data-t="2886">the the Western allies realized this in World War II.</span> <span class="cue" id="t-2890" data-t="2890">In warfare, one of the ways that you win</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2892">48:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2892" data-t="2892">is by terrorizing</span> <span class="cue" id="t-2894" data-t="2894">the enemy population.</span> <span class="cue" id="t-2896" data-t="2896">Like, you just beat them into absolute</span> <span class="cue" id="t-2899" data-t="2899">submission. You just pummel them. They're like, this is what,</span> <span class="cue" id="t-2903" data-t="2903">the Israelis are trying to do with Gaza right now</span> <span class="cue" id="t-2906" data-t="2906">with their population. They're trying to put pressure on their population</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2909">48:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2909" data-t="2909">in order to to get them to</span> <span class="cue" id="t-2913" data-t="2913">flush out Hamas. This is what essentially</span> <span class="cue" id="t-2917" data-t="2917">sanctions are in other countries. When when a government sanctions another country, it's not about</span> <span class="cue" id="t-2923" data-t="2923">hurting, the leaders of the country. It's about terrorizing and destroying,</span> <span class="cue" id="t-2927" data-t="2927">the population,</span> <span class="cue" id="t-2929" data-t="2929">the local population.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2932">48:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2932" data-t="2932">So sanctions work and</span> <span class="cue" id="t-2934" data-t="2934">terrorism works.</span> <span class="cue" id="t-2937" data-t="2937">And there's a lot of ways that the US government can get creative in stealing funds. I know on last week's episode, we were talking about them going after the cartel's Bitcoin wallets.</span> <span class="cue" id="t-2947" data-t="2947">That'd be a great way that'd be a great budget neutral opportunity to</span> <span class="cue" id="t-2952" data-t="2952">boost</span> <span class="cue" id="t-2953" data-t="2953">the strategic reserve, in my opinion.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2956">49:16</a><span class="cue-body"><b class="cue-who">Kailey Welch</b> <span class="cue" id="t-2956" data-t="2956">Matthew (3zero 30:</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2957">49:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2957" data-t="2957">Yeah. That is exactly correct. So</span> <span class="cue" id="t-2961" data-t="2961">if you decide that you want to</span> <span class="cue" id="t-2965" data-t="2965">not KYC</span> <span class="cue" id="t-2966" data-t="2966">your node, not be an economic node,</span> <span class="cue" id="t-2970" data-t="2970">that is,</span> <span class="cue" id="t-2972" data-t="2972">that is your choice and, like, you can have a really fulfilling life.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-2976">49:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2976" data-t="2976">But do you run the risk,</span> <span class="cue" id="t-2978" data-t="2978">as being</span> <span class="cue" id="t-2980" data-t="2980">flagged or identified</span> <span class="cue" id="t-2982" data-t="2982">by the government as a a terrorist wallet? If your wallet if your hardware wallet, if your seed signer,</span> <span class="cue" id="t-2990" data-t="2990">you know, your cold card gets flagged as a as a terrorist wallet,</span> <span class="cue" id="t-2995" data-t="2995">you are gonna have you're gonna have problems. It's gonna be harder for you to not be grumpy.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3001">50:01</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3001" data-t="3001">It's gonna be harder for you to live your life. It's gonna be harder for you to survive.</span> <span class="cue" id="t-3005" data-t="3005">But that's what you signed up for. I mean, so that being a pioneer,</span> <span class="cue" id="t-3008" data-t="3008">you know, that can</span> <span class="cue" id="t-3011" data-t="3011">depending on your risk tolerance, be part of,</span> <span class="cue" id="t-3014" data-t="3014">the experience.</span> <span class="cue" id="t-3015" data-t="3015">But</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3016">50:16</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3016" data-t="3016">if you want if you're going to run the risk</span> <span class="cue" id="t-3020" data-t="3020">of being a terrorist wallet,</span> <span class="cue" id="t-3022" data-t="3022">I I would say only risk it if you're if you're proud to be a terrorist wallet. If you're not proud to be a terrorist wallet,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3030">50:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3030" data-t="3030">it's it's it's just probably a terrible user experience. Well, one of the things I wanted to talk about before we go into the found boost is, there's been this new trend on, Gnoster. So, you know, people are tweeting about how Gnoster's dead.</span> <span class="cue" id="t-3045" data-t="3045">It's just like</span> <span class="cue" id="t-3047" data-t="3047">I think a thing we'll be plagued with for a while is,</span> <span class="cue" id="t-3052" data-t="3052">people that are on Oster complaining that Oster's dead.</span> <span class="cue" id="t-3056" data-t="3056">I can confirm it's not because I've been over there,</span> <span class="cue" id="t-3060" data-t="3060">zapping people. But,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3063">51:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3063" data-t="3063">what what are your thoughts on this new trend? So do you pronounce it there's been some, debate</span> <span class="cue" id="t-3070" data-t="3070">on how it's properly pronounced. Is it a vlog or is it a vlog?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3075">51:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3075" data-t="3075">It's</span> <span class="cue" id="t-3076" data-t="3076">a vlog.</span> <span class="cue" id="t-3077" data-t="3077">I I think it's interesting. I think this is,</span> <span class="cue" id="t-3082" data-t="3082">a great, you know, trend. I mentioned on previous podcasts,</span> <span class="cue" id="t-3087" data-t="3087">that I think that we have to understand that the Nostra crowd, broadly speaking, is a little bit older. It's it's Gen X,</span> <span class="cue" id="t-3094" data-t="3094">some boomers on there, maybe some older millennials,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3098">51:38</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3098" data-t="3098">but it's it's people with a they're a little bit more disconnected from the current trends on social media.</span> <span class="cue" id="t-3104" data-t="3104">But all of them are old enough to remember vlogs. Vlogs were really popular. I mean, they started in the nineties.</span> <span class="cue" id="t-3110" data-t="3110">I I you haven't heard too many people</span> <span class="cue" id="t-3113" data-t="3113">use the term</span> <span class="cue" id="t-3114" data-t="3114">since, president Obama was in office, but,</span> <span class="cue" id="t-3118" data-t="3118">it's it's it's good. It's people remember what those are, and they like to participate, and they think, and now,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3124">52:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3124" data-t="3124">they're on Nostril. Like, it's a great time for them to do the vlogs that they wish they would have done when they were younger, that they wish they had the community to share it with when they were younger.</span> <span class="cue" id="t-3133" data-t="3133">So there's just a lot of, like, you know, a lot of generic generation x blogs vlogs. Excuse me.</span> <span class="cue" id="t-3140" data-t="3140">So it's interesting. It's going it's it's popular.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3144">52:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3144" data-t="3144">Do you think the reason why Marty Marty</span> <span class="cue" id="t-3147" data-t="3147">calls it a v log is because he spends too many time,</span> <span class="cue" id="t-3151" data-t="3151">interviewing stupid boomers like,</span> <span class="cue" id="t-3154" data-t="3154">Tom Luongo and he's getting his wires crossed?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3158">52:38</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3158" data-t="3158">Yeah. I think that's that's that's definitely a big case. It's like, guys guys that are talking to boomer macro,</span> <span class="cue" id="t-3164" data-t="3164">they're</span> <span class="cue" id="t-3165" data-t="3165">they're gonna have some hiccups here. It's gonna be a little bit cringe, so to speak.</span> <span class="cue" id="t-3171" data-t="3171">But</span> <span class="cue" id="t-3172" data-t="3172">Bob, what I wanted to say was, like, what I think the real value here is a vlog</span> <span class="cue" id="t-3177" data-t="3177">is a really good way to say good morning.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3180">52:60</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3180" data-t="3180">And people on Nostril love to tell each other good morning. So I think, like,</span> <span class="cue" id="t-3185" data-t="3185">vlogs of of of Nostril</span> <span class="cue" id="t-3187" data-t="3187">users,</span> <span class="cue" id="t-3190" data-t="3190">they don't have to ask permission. They're just gonna post, you know,</span> <span class="cue" id="t-3194" data-t="3194">to tell you good morning. And it's gonna be cool. It's a cool way to say good morning. Interesting.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3198">53:18</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3198" data-t="3198">It's a revolutionary</span> <span class="cue" id="t-3200" data-t="3200">way. It's a decentralized</span> <span class="cue" id="t-3201" data-t="3201">way to say good morning.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3203">53:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3203" data-t="3203">Here's the other thing,</span> <span class="cue" id="t-3205" data-t="3205">though. What you post on Noster,</span> <span class="cue" id="t-3208" data-t="3208">the the the things you talk about on your vlogs, your predictions, your takes,</span> <span class="cue" id="t-3214" data-t="3214">your insults, your libel, your slander,</span> <span class="cue" id="t-3218" data-t="3218">it's forever,</span> <span class="cue" id="t-3220" data-t="3220">potentially.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3221">53:41</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3221" data-t="3221">So remember that this is one of the big reasons predator</span> <span class="cue" id="t-3226" data-t="3226">does not</span> <span class="cue" id="t-3227" data-t="3227">use nostril and has never, even when he was kind of fed up with Twitter, he just couldn't really</span> <span class="cue" id="t-3232" data-t="3232">make the jump over here. There's a lot of reasons, but</span> <span class="cue" id="t-3235" data-t="3235">a big one is you have to ask permission to delete your posts.</span> <span class="cue" id="t-3239" data-t="3239">And nobody has to do the relayed</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">Rod Palmer</b> <span class="cue" id="t-3241" data-t="3241">operators. Don't have to grant that, and and pleader likes to delete a lot of posts.</span> <span class="cue" id="t-3246" data-t="3246">He like, he gets a lot of predictions wrong or he misunderstands things that he, so he, he might, you know, if you have a tendency to say stuff that you might, well, let your wife or your boss to see someday,</span> <span class="cue" id="t-3258" data-t="3258">on your Nostril vlogs,</span> <span class="cue" id="t-3260" data-t="3260">Remember,</span> <span class="cue" id="t-3261" data-t="3261">you might they're out forever. Absolutely.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3265">54:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3265" data-t="3265">Yeah. So it's it's a permission platform because you need to ask for permission to delete your post.</span> <span class="cue" id="t-3272" data-t="3272">Everything has trade offs. Everything has trade off, folks. I guess that's one of the lessons</span> <span class="cue" id="t-3277" data-t="3277">here. Is it good? Is it bad? I guess it depends on your situation. If you're like predator and you wanna walk back,</span> <span class="cue" id="t-3282" data-t="3282">a lot of things that you the grumpy things that you say by deleting, your post, Nostra's probably not the best platform for it.</span> <span class="cue" id="t-3292" data-t="3292">Well, be before we get into the boost, so we're putting out some paid content,</span> <span class="cue" id="t-3297" data-t="3297">because we're trying to earn money to</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3300">55:00</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3300" data-t="3300">be able to spend more on production stuff. I put out a episode,</span> <span class="cue" id="t-3306" data-t="3306">last week</span> <span class="cue" id="t-3308" data-t="3308">asking the question, was Jesus a Masade agent? So you can check that out on, Fountain and Unlock It there for a dollar or subscribe to us for $10 a month and get access to all the content that we're gonna be doing. I'm gonna be putting out</span> <span class="cue" id="t-3321" data-t="3321">probably roughly the same time</span> <span class="cue" id="t-3324" data-t="3324">that,</span> <span class="cue" id="t-3326" data-t="3326">this show drops and and you're hearing this, so you'll have access to</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3331">55:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3331" data-t="3331">I'm gonna narrate and talk about the most recent article I had published in the physical print Bitcoin magazine, the lightning edition.</span> <span class="cue" id="t-3339" data-t="3339">Came out spectacular.</span> <span class="cue" id="t-3341" data-t="3341">I'm really stoked about it, so I'm excited to get into that.</span> <span class="cue" id="t-3345" data-t="3345">We also</span> <span class="cue" id="t-3348" data-t="3348">are digging up some</span> <span class="cue" id="t-3350" data-t="3350">old stuff. So I recorded</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3354">55:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3354" data-t="3354">the job interview with, Rod Palmer</span> <span class="cue" id="t-3357" data-t="3357">when I</span> <span class="cue" id="t-3358" data-t="3358">we're we're going through the hiring process right now. So I have the first job interview,</span> <span class="cue" id="t-3363" data-t="3363">that we'll be publishing probably later this week at some point.</span> <span class="cue" id="t-3369" data-t="3369">But, yeah, check it check it out, folks. I think there's going to be a lot of really good content here, that you're going to want to hear.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3377">56:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3377" data-t="3377">Yeah. Yeah. I'm super stoked that</span> <span class="cue" id="t-3380" data-t="3380">you were able to recover</span> <span class="cue" id="t-3383" data-t="3383">the data on your old typewriter,</span> <span class="cue" id="t-3385" data-t="3385">and then we found the, the podcast audio</span> <span class="cue" id="t-3388" data-t="3388">of my interview</span> <span class="cue" id="t-3390" data-t="3390">and some of the other views you had a couple years ago. And,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3395">56:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3395" data-t="3395">when we were building the bugle, when we started building the bugle.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3399">56:39</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3399" data-t="3399">Yeah. I'll I'll probably be dripping those out. I'll I'll,</span> <span class="cue" id="t-3403" data-t="3403">publish the interview that Ron and I did with Kaylee,</span> <span class="cue" id="t-3407" data-t="3407">that I did with Maggie.</span> <span class="cue" id="t-3411" data-t="3411">We'll have some more stuff. I'm also talking with some other people about some</span> <span class="cue" id="t-3416" data-t="3416">exclusive shows, but I'm excited. I'm I'm also started working on the next special investigation</span> <span class="cue" id="t-3424" data-t="3424">episode. I think this is gonna be a fun</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3428">57:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3428" data-t="3428">series that I look forward to</span> <span class="cue" id="t-3431" data-t="3431">continuing with.</span> <span class="cue" id="t-3434" data-t="3434">But check it out, folks.</span> <span class="cue" id="t-3435" data-t="3435">Subscribe</span> <span class="cue" id="t-3436" data-t="3436">on Fountain. If you do, I appreciate it. So I think one thing that we should do every week, Rod, is we should thank our supporters</span> <span class="cue" id="t-3446" data-t="3446">that</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3448">57:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3448" data-t="3448">have subscribed</span> <span class="cue" id="t-3449" data-t="3449">to the Bee Weekly.</span> <span class="cue" id="t-3451" data-t="3451">We've got</span> <span class="cue" id="t-3452" data-t="3452">four right now. We've got Shadrach, Open Mic,</span> <span class="cue" id="t-3456" data-t="3456">Avi Burra,</span> <span class="cue" id="t-3458" data-t="3458">and Dave, Southside.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3462">57:42</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3462" data-t="3462">Oh, yeah. That's,</span> <span class="cue" id="t-3464" data-t="3464">that is kinda who</span> <span class="cue" id="t-3466" data-t="3466">is to core supporters of the show.</span> <span class="cue" id="t-3471" data-t="3471">And</span> <span class="cue" id="t-3472" data-t="3472">I think is the content that we put out comes out. I think you're, you'll be</span> <span class="cue" id="t-3477" data-t="3477">let's see more interest,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3479">57:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3479" data-t="3479">in this because it's gonna be good shit.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3483">58:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3483" data-t="3483">It's gonna be some really good shit. But, yeah, getting into the found boost. I I mean, do you have anything else,</span> <span class="cue" id="t-3488" data-t="3488">before we get into,</span> <span class="cue" id="t-3490" data-t="3490">the found boost?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3492">58:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3492" data-t="3492">No. No. No. I think I'm ready to to</span> <span class="cue" id="t-3496" data-t="3496">to see what people had to say this week. I haven't,</span> <span class="cue" id="t-3499" data-t="3499">looked at the boost yet, so this is my first glance.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3504">58:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3504" data-t="3504">I was texting,</span> <span class="cue" id="t-3506" data-t="3506">or talking to Fountain about fixing the booster. Hopefully, they did that. We had issue last week with them showing up</span> <span class="cue" id="t-3513" data-t="3513">properly.</span> <span class="cue" id="t-3514" data-t="3514">So</span> <span class="cue" id="t-3515" data-t="3515">if you ever have us, miss a boost for some reason, it</span> <span class="cue" id="t-3519" data-t="3519">it it's likely due to,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3523">58:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3523" data-t="3523">bad UX and not necessarily,</span> <span class="cue" id="t-3525" data-t="3525">us being dickheads and not reading it. So just let me know,</span> <span class="cue" id="t-3529" data-t="3529">and, we'll correct that. But, the last episode</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3533">58:53</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3533" data-t="3533">Yeah. Was back in</span> <span class="cue" id="t-3536" data-t="3536">the back in the saddle podcasting</span> <span class="cue" id="t-3539" data-t="3539">again, episode 71.</span> <span class="cue" id="t-3541" data-t="3541">So we had just gotten, this was our first podcast back from Lake Satoshi. And if you,</span> <span class="cue" id="t-3548" data-t="3548">if you listen forty hours per week, you know, that the, the Lake Satoshi episode,</span> <span class="cue" id="t-3553" data-t="3553">has, has there's a lot of those lately. So obviously it was a good time.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3558">59:18</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3558" data-t="3558">And we talked about what else did we talk about? I don't really remember. I guess we can, we</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3563">59:23</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3563" data-t="3563">I get the first boost reminded me of a topic that, we talked about, late stage HODL 5,000 sats.</span> <span class="cue" id="t-3570" data-t="3570">It's a first on my, my typewriter.</span> <span class="cue" id="t-3573" data-t="3573">Lacey Toddle says,</span> <span class="cue" id="t-3576" data-t="3576">holy shit. If Long John Silver started frying in beef tallow, a whole bowl of these little pieces of crispy fried batter would be so much better than a Marlboro red.</span> <span class="cue" id="t-3587" data-t="3587">Wait. Oh, better with a Marlboro red</span> <span class="cue" id="t-3590" data-t="3590">and not a cedar oil coating. I remember sitting in the nonsmoking section of Waffle House back in the day as a kid, getting my first taste of nicotine from the table directly behind me. What a time the nineties were.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3601">1:00:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3601" data-t="3601">Yeah. The nineties were great. I mean, this this is a topic that we talked about, Rod. We were talking about at the end of the show,</span> <span class="cue" id="t-3609" data-t="3609">which</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3611">1:00:11</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3611" data-t="3611">Oh, yeah. They Rust? Yeah. With Transcrant,</span> <span class="cue" id="t-3614" data-t="3614">was gonna bring back</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3617">1:00:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3617" data-t="3617">smoking inside as, like a a game changer. I just looked up a picture of Long John Silver. So it's it it's more of, like, a a KFC fast food restaurant. In my head, I was thinking it was, like, because I've never been there. Yeah. It's it's just it's, like, it's fry it's just fried fish. Fried fish, fries, and, the coleslaw. Ouch puppies. Yeah. We'll see if this is a trend of,</span> <span class="cue" id="t-3639" data-t="3639">more restaurants using beef tallow.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3642">1:00:42</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3642" data-t="3642">Tell me though.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3644">1:00:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3644" data-t="3644">Cows are cows are cool again. Beef's cool again.</span> <span class="cue" id="t-3648" data-t="3648">For a while, cows were bad for the environment. I mean, this is just like the,</span> <span class="cue" id="t-3653" data-t="3653">the ebbs and flows of the,</span> <span class="cue" id="t-3656" data-t="3656">the mainstream</span> <span class="cue" id="t-3657" data-t="3657">MPC,</span> <span class="cue" id="t-3658" data-t="3658">version of PodConf</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3660">1:00:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3660" data-t="3660">is,</span> <span class="cue" id="t-3661" data-t="3661">one thing will be bad one minute and then good the next minute. It just kinda oscillates back back and forth. I'd I'm sure that,</span> <span class="cue" id="t-3669" data-t="3669">beef tallow will be considered bad for you in a few years, and, it'll be back to</span> <span class="cue" id="t-3675" data-t="3675">make America eat seed oils again. Won't be one of the campaigns.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3679">1:01:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3679" data-t="3679">Yeah. Some broccoli haircut. It's the orange piddle. It's gonna figure out a way to, get us you know, pay back millennials and gen x for, making his whole life beef tallow. But</span> <span class="cue" id="t-3691" data-t="3691">the next one, next boost,</span> <span class="cue" id="t-3693" data-t="3693">5,420</span> <span class="cue" id="t-3695" data-t="3695">subs from</span> <span class="cue" id="t-3696" data-t="3696">another guy we talked about last week, Otis Bittmeyer, the guy who makes sound coffee, some of the best coffee. I'm still drinking it. Had some today.</span> <span class="cue" id="t-3705" data-t="3705">Now</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3707">1:01:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3707" data-t="3707">he says that intro really nails the vibe.</span> <span class="cue" id="t-3711" data-t="3711">And I wanna go back to the intro here in a second, but</span> <span class="cue" id="t-3715" data-t="3715">what I wanted to comment about Otis was,</span> <span class="cue" id="t-3718" data-t="3718">do you think</span> <span class="cue" id="t-3719" data-t="3719">he, you've he seems like he's got he's a very well grounded, very thermodynamically</span> <span class="cue" id="t-3723" data-t="3723">sound,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3725">1:02:05</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3725" data-t="3725">in tune with, you know, the value for value lifestyle.</span> <span class="cue" id="t-3729" data-t="3729">Makes me think he do you think his wife makes his bed for him on that, that bus, the school bus they live in?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3735">1:02:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3735" data-t="3735">Yeah. Jubilee definitely</span> <span class="cue" id="t-3738" data-t="3738">makes his bed for him.</span> <span class="cue" id="t-3740" data-t="3740">She's a she seems like she's a great wife.</span> <span class="cue" id="t-3743" data-t="3743">She's awesome. She she went on his Bitcoin podcast. She had interesting things to say. It was fun listening to her. It was fun talking to her a bit in person. She's a very committed mother.</span> <span class="cue" id="t-3755" data-t="3755">Very you can tell that she's very invested in her kids.</span> <span class="cue" id="t-3760" data-t="3760">She's definitely</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3761">1:02:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3761" data-t="3761">you could see the dynamics. There was some cool chemistry between</span> <span class="cue" id="t-3765" data-t="3765">Otis and,</span> <span class="cue" id="t-3767" data-t="3767">Jubilee. It seems like she is definitely the type of wife</span> <span class="cue" id="t-3771" data-t="3771">that would make his bed for him.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3773">1:02:53</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3773" data-t="3773">Yeah. It seems Jubilee is great. She seems like she has bought</span> <span class="cue" id="t-3777" data-t="3777">in and is,</span> <span class="cue" id="t-3778" data-t="3778">fully fully vested in living the,</span> <span class="cue" id="t-3781" data-t="3781">the big the Bitcoin podcast lifestyle,</span> <span class="cue" id="t-3784" data-t="3784">the Bitcoin podcaster life, the, you know, being the going Tampa with the ungodly Misfits,</span> <span class="cue" id="t-3790" data-t="3790">but they</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3791">1:03:11</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3791" data-t="3791">podcasting anywhere,</span> <span class="cue" id="t-3794" data-t="3794">traveling around.</span> <span class="cue" id="t-3795" data-t="3795">Cool,</span> <span class="cue" id="t-3797" data-t="3797">really cool place to live. It's just it's a cool life. It's, it's a good model, honestly.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3805">1:03:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3805" data-t="3805">It is a very cool model.</span> <span class="cue" id="t-3808" data-t="3808">Well, yeah. We're,</span> <span class="cue" id="t-3810" data-t="3810">planning on Otis or sorry, interviewing Otis here pretty soon. So I think that's gonna be a pretty good show, having him on.</span> <span class="cue" id="t-3818" data-t="3818">And,</span> <span class="cue" id="t-3819" data-t="3819">I'm looking forward to that.</span> <span class="cue" id="t-3821" data-t="3821">The the next boost</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3824">1:03:44</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3824" data-t="3824">from Ludy 250¢</span> <span class="cue" id="t-3826" data-t="3826">says, oh, no. I figured you were just a pussy.</span> <span class="cue" id="t-3829" data-t="3829">Crying emoji, smiling emoji, smiling emoji.</span> <span class="cue" id="t-3832" data-t="3832">That was in reference to,</span> <span class="cue" id="t-3836" data-t="3836">what Otis said to me</span> <span class="cue" id="t-3838" data-t="3838">when he offered me cream and sugar,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3840">1:03:60</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3840" data-t="3840">for anybody that's wondering. So to reiterate the story for people that didn't hear it on last week's show, so Otis, asked if I want a cream or sugar</span> <span class="cue" id="t-3849" data-t="3849">in my coffee. I I looked at him concerned. I asked him if it was really that bad. He said, no.</span> <span class="cue" id="t-3854" data-t="3854">I just figured you're a pussy.</span> <span class="cue" id="t-3857" data-t="3857">So he was just talking shit,</span> <span class="cue" id="t-3859" data-t="3859">being an asshole.</span> <span class="cue" id="t-3862" data-t="3862">When you have coffee that good, you you can be an asshole to your customers. You know what I mean? Right. You're right. People people they like to to,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3871">1:04:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3871" data-t="3871">you know, associate</span> <span class="cue" id="t-3873" data-t="3873">a rude, entitled,</span> <span class="cue" id="t-3874" data-t="3874">blue hair,</span> <span class="cue" id="t-3876" data-t="3876">you know, liberal arts student from Portland as like being rude to them serving them Starbucks coffee</span> <span class="cue" id="t-3882" data-t="3882">because, you know,</span> <span class="cue" id="t-3883" data-t="3883">there's just no</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3886">1:04:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3886" data-t="3886">there's just no reason for you to be so smug. But when you actually</span> <span class="cue" id="t-3890" data-t="3890">you actually sell coffee yourself,</span> <span class="cue" id="t-3893" data-t="3893">like, Otis Bittmeyer, that's as good as it is.</span> <span class="cue" id="t-3896" data-t="3896">You don't have to suffer fools. You don't have to put up with,</span> <span class="cue" id="t-3899" data-t="3899">Bitcoin podcasters who might be trolling you about your product. Like, you're proud of it. Like,</span> <span class="cue" id="t-3905" data-t="3905">that's our he he just has that aura. Absolutely.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3910">1:05:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3910" data-t="3910">The, the next one's 500 tabs from mister rabbit.</span> <span class="cue" id="t-3915" data-t="3915">I don't know if if you wanna scroll down, but says good morning. So,</span> <span class="cue" id="t-3921" data-t="3921">this was coming in, I assume</span> <span class="cue" id="t-3922" data-t="3922">from Noster.</span> <span class="cue" id="t-3923" data-t="3923">It'll be cool</span> <span class="cue" id="t-3925" data-t="3925">if,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3925">1:05:25</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" data-t="3925">fountain lets lets people post blogs,</span> <span class="cue" id="t-3929" data-t="3929">as their found boosts,</span> <span class="cue" id="t-3932" data-t="3932">it'd be great to get some vlog replies or from vlog found boost.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3938">1:05:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3938" data-t="3938">That would be great. Do you have any ideas? I'd I'm gonna try and do some, vlogs this week. You got any, good topics for me to vlog about?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3949">1:05:49</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3949" data-t="3949">I you know, there's a lot of topics that</span> <span class="cue" id="t-3952" data-t="3952">You could imitate American HODL.</span> <span class="cue" id="t-3955" data-t="3955">You could do what,</span> <span class="cue" id="t-3956" data-t="3956">you know,</span> <span class="cue" id="t-3958" data-t="3958">you could do some, like, some stuff smoking cigarettes. I mean, smoking a cigarette's a good time to do a vlog.</span> <span class="cue" id="t-3964" data-t="3964">So</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3965">1:06:05</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3965" data-t="3965">do your smoke pit session, the smoke pit,</span> <span class="cue" id="t-3969" data-t="3969">vlog</span> <span class="cue" id="t-3970" data-t="3970">style.</span> <span class="cue" id="t-3971" data-t="3971">That'd be cool.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3973">1:06:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3973" data-t="3973">You know, it's a very, like, common one I've never understood that people like to do,</span> <span class="cue" id="t-3978" data-t="3978">which doesn't make any sense. Why do so many people do videos in their cars?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3983">1:06:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3983" data-t="3983">They're just sitting in their car doing a video. Yeah. Being in your being in your car is you should be listening to Bitcoin podcasts,</span> <span class="cue" id="t-3990" data-t="3990">probably not vlogging.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-3994">1:06:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3994" data-t="3994">If somebody I I</span> <span class="cue" id="t-3997" data-t="3997">I was posting around with somebody on Noster.</span> <span class="cue" id="t-4000" data-t="4000">We had a little back and forth.</span> <span class="cue" id="t-4003" data-t="4003">They say they don't listen to Bitcoin podcasts when they're driving. I think it's on unsafe to not be listening to Bitcoin podcasts when you're driving. Yeah.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4012">1:06:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4012" data-t="4012">Yeah. Yeah. I mean That's Otis, Ludy, Mr. Rabbit,</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4015">1:06:55</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4015" data-t="4015">Next Boost, 5,000 SaaS, late stage HODL again says, so glad I was able to share some non KYC</span> <span class="cue" id="t-4022" data-t="4022">SIGs with the Bugle Boys.</span> <span class="cue" id="t-4024" data-t="4024">I won't dox which one of them was smoking KYC vapes.</span> <span class="cue" id="t-4028" data-t="4028">I was concerned after not seeing a podcast confirmed on my fountain node for over a week.</span> <span class="cue" id="t-4033" data-t="4033">I wish you all had been recording during Lake Satoshi</span> <span class="cue" id="t-4037" data-t="4037">or maybe you were. If so, then I guess I consented to it. It was a pleasure to meet you both. I think I think</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4043">1:07:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4043" data-t="4043">the late stage model and and,</span> <span class="cue" id="t-4046" data-t="4046">you know, he had had a few</span> <span class="cue" id="t-4048" data-t="4048">Bud Lights. I think he mistaked a vapor for one of the for one of us. But,</span> <span class="cue" id="t-4055" data-t="4055">you know, that's partly Stoshi. We weren't recording.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4058">1:07:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4058" data-t="4058">Okay. So here's something that's really, really interesting that I think people should be aware of</span> <span class="cue" id="t-4064" data-t="4064">is</span> <span class="cue" id="t-4066" data-t="4066">how easy it is to put cameras and recording devices and things these days.</span> <span class="cue" id="t-4072" data-t="4072">So</span> <span class="cue" id="t-4073" data-t="4073">almost every, like, interaction that you're having with somebody at a meetup or something could be recorded</span> <span class="cue" id="t-4079" data-t="4079">conversation. I mean, you assume, like, everybody's got their phone in them. We already know the NSA is listening to to all of our private Bitcoin podcasts around the campfire at Lake Satoshi.</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4090">1:08:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-4090" data-t="4090">But, you know, like, they have those those cameras and the meta glasses now.</span> <span class="cue" id="t-4095" data-t="4095">Have you seen those?</span></span></p> + +<p class="cue-p"><a class="cue-t" href="#t-4097">1:08:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-4097" data-t="4097">Yep. Yep. There's gonna be a lot more people wearing</span> <span class="cue" id="t-4101" data-t="4101">for a nose recording everything they do.</span> <span class="cue" id="t-4104" data-t="4104">Every time you see somebody in public with sunglasses,</span> <span class="cue" id="t-4107" data-t="4107">I mean, shoot, you don't need sunglasses. They might, but didn't, we can use some people to add some like cool sunglasses that actually</span> <span class="cue" id="t-4114" data-t="4114">made it. So like a camera wouldn't, be able to</span> <span class="cue" id="t-4117" data-t="4117">record your face.</span></span></p> +