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Transcript: Powell Signals Everything's Fine | Bugle Weekly Episode 27

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1. bugle-ingest[bot] 2026-08-12 Ingest: 0 new episode(s) — raw sources + transcripts 32a9a2b
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   +---
   +title: "Transcript: Powell Signals Everything's Fine | Bugle Weekly Episode 27"
   +type: transcript
   +episode: powell-signals-everythings-fine-bugle-weekly-episode-27
   +generated: true
   +date: 2024-09-23
   +audio: "https://feeds.fountain.fm/R8scBF2Wiykm0YVldsHQ/items/CqhPik0DPTooAkyk10jV/files/AUDIO---DEFAULT---f87c2a36-09a9-4bcd-9ab8-dd934d432e57.mp3"
   +duration: "1:16:17"
   +sources:
   +  - raw/episodes/powell-signals-everythings-fine-bugle-weekly-episode-27/bundle.json
   +---
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1">0:01</a><span class="cue-body"><b class="cue-who">Speaker 0</b> <span class="cue" id="t-1" data-t="1">The school year is just getting started, but it's not too early to start thinking about ways to keep your kids busy next summer. You don't want your child to miss our Cypherpunk Summer Camp. We are now enrolling all kids ages seven through 16.</span> <span class="cue" id="t-14" data-t="14">Cypherpunk summer camp teaches students how to build their own seed signer, broadcast a transaction using ham radio, run a lightning node, use coin joins, set up a Sparrow wallet, and much more.</span> <span class="cue" id="t-25" data-t="25">At Cypherpunk summer camp, kids don't just learn how to transact adversarially.</span> <span class="cue" id="t-30" data-t="30">We also cover homesteading, rolling your own open source cigarettes, and even martial arts. Hear what parents have to say about Cypherpunk Summer Camp. My name is Jeff from Naples, Florida.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-40">0:40</a><span class="cue-body"><b class="cue-who">Speaker 1</b> <span class="cue" id="t-40" data-t="40">I send my son to Cypherpunk Summer Camp because as a macro podcaster,</span> <span class="cue" id="t-46" data-t="46">I'm not a technical expert,</span> <span class="cue" id="t-48" data-t="48">but I want my son to learn the skills necessary to defeat the feds. Space is limited, so don't wait. Enroll your child in Cypherpunk summer camp today.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-60">0:60</a><span class="cue-body"><b class="cue-who">Kayley Welch</b> <span class="cue" id="t-60" data-t="60">On this week's episode of the Bugle Weekly, credentialed journalists Rod Palmer and Richard Grieser discussed the Israelis' potential to blow up hardware wallets, David Bailey's coverage of the Diddy story, Fed rate cuts showing the economy is fine, and much more.</span> <span class="cue" id="t-74" data-t="74">If you are driving while listening to this podcast, make sure to unbuckle your seat belt and pour yourself a glass of whiskey. This is Kayley Welch, and you are listening to the Bugle Weekly, the most thermodynamically</span> <span class="cue" id="t-83" data-t="83">sound podcast in the world.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-86">1:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-86" data-t="86">We are recording. So what's going on, Rod? How are you doing today? I'm doing great.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-91">1:31</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-91" data-t="91">Welcome back to, Bugle Weekly. It's been a really big week.</span> <span class="cue" id="t-97" data-t="97">The world was waiting with bated breath on</span> <span class="cue" id="t-101" data-t="101">Jerome Powell and the federal reserve</span> <span class="cue" id="t-104" data-t="104">decision</span> <span class="cue" id="t-105" data-t="105">to cut interest rates</span> <span class="cue" id="t-107" data-t="107">this week. And they did it. They finally did it.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-110">1:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-110" data-t="110">They</span> <span class="cue" id="t-111" data-t="111">actually cut 50 basis points,</span> <span class="cue" id="t-114" data-t="114">just to send a message that the economy is fine.</span> <span class="cue" id="t-118" data-t="118">All the times that, I mean, it's you don't have to, we're not going to be doing boring</span> <span class="cue" id="t-125" data-t="125">federal reserve</span> <span class="cue" id="t-126" data-t="126">details in history, but just know that they don't collect 50 basis points unless things are fine.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-133">2:13</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-133" data-t="133">And in the past things have always been fine,</span> <span class="cue" id="t-136" data-t="136">especially</span> <span class="cue" id="t-137" data-t="137">not</span> <span class="cue" id="t-138" data-t="138">just fed rain cuts this week.</span> <span class="cue" id="t-142" data-t="142">The war</span> <span class="cue" id="t-143" data-t="143">on the Northern side of Israel between Israel and Hezbollah</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-147">2:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-147" data-t="147">has, has kicked off. It started with</span> <span class="cue" id="t-151" data-t="151">exploding</span> <span class="cue" id="t-152" data-t="152">pagers</span> <span class="cue" id="t-153" data-t="153">and exploding walkie talkies,</span> <span class="cue" id="t-156" data-t="156">that the Israelis had planted explosives in after executing a very complex and sophisticated</span> <span class="cue" id="t-163" data-t="163">supply chain attack.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-166">2:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-166" data-t="166">So yeah, there's war, there's another broadening,</span> <span class="cue" id="t-169" data-t="169">increasing conflict in The Middle East and the economy is fine. I'm kind of waiting with</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-176">2:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-176" data-t="176">anticipation</span> <span class="cue" id="t-177" data-t="177">to see if</span> <span class="cue" id="t-180" data-t="180">the Israelis start blowing up,</span> <span class="cue" id="t-182" data-t="182">hardware wallets that Hezbollah is using. So</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-186">3:06</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-186" data-t="186">people</span> <span class="cue" id="t-187" data-t="187">are excited</span> <span class="cue" id="t-188" data-t="188">for the Fed rate cut</span> <span class="cue" id="t-190" data-t="190">because this is what,</span> <span class="cue" id="t-192" data-t="192">BlackRock</span> <span class="cue" id="t-194" data-t="194">and all the institutions have been waiting for,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-197">3:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-197" data-t="197">this</span> <span class="cue" id="t-199" data-t="199">cutting cycle that's going to bring Bitcoin to the moon</span> <span class="cue" id="t-202" data-t="202">and part of,</span> <span class="cue" id="t-204" data-t="204">you know, what some people believe</span> <span class="cue" id="t-207" data-t="207">could also cause Bitcoin to go to the moon, which we talked about on recent,</span> <span class="cue" id="t-214" data-t="214">last week's podcast</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-215">3:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-215" data-t="215">was missiles. If they blow you up,</span> <span class="cue" id="t-218" data-t="218">or they blow up your hardware wallet,</span> <span class="cue" id="t-221" data-t="221">you can no longer</span> <span class="cue" id="t-222" data-t="222">sell your Bitcoin. Well, that is just taking that Bitcoin off the market</span> <span class="cue" id="t-227" data-t="227">and creating less sell pressure</span> <span class="cue" id="t-230" data-t="230">and more juice for NGE.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-234">3:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-234" data-t="234">There's a lot to unpack here. It's pretty interesting. So,</span> <span class="cue" id="t-239" data-t="239">I think Powell with his recut</span> <span class="cue" id="t-242" data-t="242">essentially just said, he broadcasted the world that one, he's a Bitcoiner and the Bitcoin's already won,</span> <span class="cue" id="t-248" data-t="248">right?</span> <span class="cue" id="t-251" data-t="251">And then two, you know, it's kind of scary watching what's happening, you know, with, with the Jews blowing up, you know, people's devices,</span> <span class="cue" id="t-262" data-t="262">you know, because they they could be, you know, trying to pump their own bags, essentially. They could like, imagine,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-269">4:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-269" data-t="269">you know, if they went and they targeted everybody that they know knew was selling Bitcoin and blew up their their signing devices</span> <span class="cue" id="t-278" data-t="278">to prevent that from happening, how much that could pump the market? Right. Like people would,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-284">4:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-284" data-t="284">they would try to,</span> <span class="cue" id="t-287" data-t="287">you know, through get a just get as far away as possible</span> <span class="cue" id="t-291" data-t="291">from their hardware wallets and designing devices.</span> <span class="cue" id="t-297" data-t="297">They wouldn't be tempted to sell</span> <span class="cue" id="t-300" data-t="300">even when the price is pumping and the OTC desks would not be able to source</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-305">5:05</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-305" data-t="305">enough Bitcoin. They would run out again. So, yeah. I mean, what do you think the strategy is here? So</span> <span class="cue" id="t-310" data-t="310">say like</span> <span class="cue" id="t-311" data-t="311">you're trying to send a transaction,</span> <span class="cue" id="t-315" data-t="315">you're trying to refill your hot wallet</span> <span class="cue" id="t-317" data-t="317">because you spend all</span> <span class="cue" id="t-319" data-t="319">your funds on on cigarettes.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-322">5:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-322" data-t="322">So you go into your your cold wallet solution, you know, to broadcast a transaction.</span> <span class="cue" id="t-327" data-t="327">You plug it into your computer,</span> <span class="cue" id="t-331" data-t="331">or or however you do it, and it essentially just explodes.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-335">5:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-335" data-t="335">Oh, you know, when you you plugged it in and you notice that it's getting hot and then it starts sizzling like a plate of of fajitas at Chili's coming out and you're like, oh, like this is you have to unplug it right away.</span> <span class="cue" id="t-348" data-t="348">And now</span> <span class="cue" id="t-350" data-t="350">you don't know if it's safe to plug back in. You don't know if if your</span> <span class="cue" id="t-354" data-t="354">secure element has been fried.</span> <span class="cue" id="t-357" data-t="357">It's it's, it's a very anxiety</span> <span class="cue" id="t-359" data-t="359">increasing</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-360">6:00</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-360" data-t="360">experience.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-362">6:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-362" data-t="362">Joy, like, if that happens, like, what do you do? You go and you buy another device with your debit card from a supply chain that, you know, maybe the</span> <span class="cue" id="t-372" data-t="372">Israelis infiltrated or do you,</span> <span class="cue" id="t-375" data-t="375">use, like, a general purpose</span> <span class="cue" id="t-378" data-t="378">sign device, like, or or hardware, like, a a typewriter?</span> <span class="cue" id="t-383" data-t="383">Or do you,</span> <span class="cue" id="t-384" data-t="384">you know, go through the process of setting up a seed signer?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-388">6:28</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-388" data-t="388">Or do you use, like, an old cell phone? Like, what what what do you think the strategy is here? Because it it seems like,</span> <span class="cue" id="t-397" data-t="397">railings can blow up they can blow up any device they want right now. I I think some people</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-402">6:42</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-402" data-t="402">will be experimenting with some of these strategies that you just mentioned. I think some people may go as far</span> <span class="cue" id="t-408" data-t="408">as just writing down the plain text,</span> <span class="cue" id="t-413" data-t="413">you know, see private key itself</span> <span class="cue" id="t-415" data-t="415">and then</span> <span class="cue" id="t-417" data-t="417">loading Bitcoin core on their laptop and typing it in,</span> <span class="cue" id="t-422" data-t="422">by hand for every transaction that they broadcast.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-426">7:06</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-426" data-t="426">But</span> <span class="cue" id="t-427" data-t="427">and I think</span> <span class="cue" id="t-428" data-t="428">that the this news announcement that came out on Friday, right after, you know, the end of the day, the market had closed, people</span> <span class="cue" id="t-436" data-t="436">were agreed to head out to their weekend</span> <span class="cue" id="t-439" data-t="439">is they want people to just put it back in custody.</span> <span class="cue" id="t-444" data-t="444">They want people to go and buy the BlackRock ETF. They wanted people to buy that Coinbase</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-450">7:30</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-450" data-t="450">and they want people</span> <span class="cue" id="t-452" data-t="452">to add it custody by</span> <span class="cue" id="t-454" data-t="454">Wall Street bank like BNY Mellon, which just got</span> <span class="cue" id="t-458" data-t="458">approval from the government,</span> <span class="cue" id="t-460" data-t="460">to</span> <span class="cue" id="t-462" data-t="462">self custody themselves.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-464">7:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-464" data-t="464">So people are going to probably outsource it</span> <span class="cue" id="t-467" data-t="467">to protect</span> <span class="cue" id="t-469" data-t="469">their security of their life and limb</span> <span class="cue" id="t-472" data-t="472">and move that risk to</span> <span class="cue" id="t-474" data-t="474">a BNY Mellon vault</span> <span class="cue" id="t-476" data-t="476">that where</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-478">7:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-478" data-t="478">they're using</span> <span class="cue" id="t-479" data-t="479">the Ledger wallet or the cold card on your behalf.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-482">8:02</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-482" data-t="482">I don't think I'm willing to,</span> <span class="cue" id="t-484" data-t="484">So I have a problem. I'd be willing to go through the KYC process,</span> <span class="cue" id="t-490" data-t="490">but I would only be willing to go through the KYC process</span> <span class="cue" id="t-494" data-t="494">if all the employees that have access to my KYC data</span> <span class="cue" id="t-498" data-t="498">at</span> <span class="cue" id="t-499" data-t="499">Socied</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-500">8:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-500" data-t="500">Financial Institution</span> <span class="cue" id="t-502" data-t="502">also provide me their own KYC.</span> <span class="cue" id="t-505" data-t="505">So I need to know Yeah. If I'm custodying my yeah. If I'm custodying my Bitcoin with Coinbase,</span> <span class="cue" id="t-512" data-t="512">I need Brian Armstrong to send me his</span> <span class="cue" id="t-515" data-t="515">Social Security number, a picture of his ID,</span> <span class="cue" id="t-518" data-t="518">you know, with his address on it.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-522">8:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-522" data-t="522">Like, I need to be, you know, certain and there needs to be that counterbalance of, like, if I'm providing, you know, these strangers my ID,</span> <span class="cue" id="t-530" data-t="530">then they should be providing me theirs. And I've yet to find an institution. Like, I don't think Swan will do that.</span> <span class="cue" id="t-537" data-t="537">I don't think Corey will send me his personal information. I don't think River will do that. No. No. And I think the I think what you were talking about, I think you're</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">Rod Palmer</b> <span class="cue" id="t-549" data-t="549">keying in on,</span> <span class="cue" id="t-553" data-t="553">the right</span> <span class="cue" id="t-554" data-t="554">path, which is people are going to demand a better user experience</span> <span class="cue" id="t-559" data-t="559">when it comes to KYC</span> <span class="cue" id="t-561" data-t="561">they want,</span> <span class="cue" id="t-563" data-t="563">there maybe some companies will try to gamify</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-567">9:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-567" data-t="567">KYC and make it more fun,</span> <span class="cue" id="t-570" data-t="570">make it kind of a game, make it,</span> <span class="cue" id="t-573" data-t="573">be able to earn stats for how fast you can KYC, like, the turn to find the fastest person to get through the KYC process,</span> <span class="cue" id="t-582" data-t="582">and you could see,</span> <span class="cue" id="t-584" data-t="584">so that you could see things like that and</span> <span class="cue" id="t-588" data-t="588">I think that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-590">9:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-590" data-t="590">where we'll be</span> <span class="cue" id="t-591" data-t="591">most innovative and slightly unfair</span> <span class="cue" id="t-594" data-t="594">by</span> <span class="cue" id="t-595" data-t="595">any technically, the Supreme Court has said that corporations are people,</span> <span class="cue" id="t-600" data-t="600">So, like, you should be able to create an LLC</span> <span class="cue" id="t-604" data-t="604">and just KYC to the LLC</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-607">10:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-607" data-t="607">formed in Delaware.</span> <span class="cue" id="t-609" data-t="609">It doesn't disclose who you are or who is a part of the LLC,</span> <span class="cue" id="t-615" data-t="615">And you should just be able to, you know, KYC or Wallet of Satoshi,</span> <span class="cue" id="t-620" data-t="620">your Strike Wallet, your Coinbase account, whatever to to this unnamed LLC. I think,</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">Richard Greaser</b> <span class="cue" id="t-627" data-t="627">one way to to</span> <span class="cue" id="t-629" data-t="629">gamify KYC a little bit more,</span> <span class="cue" id="t-632" data-t="632">a product that I think would be very attractive to most people right now is essentially KYC</span> <span class="cue" id="t-638" data-t="638">Russian roulette,</span> <span class="cue" id="t-641" data-t="641">where, you know, you have, like, a one in six chance as you put your information in that it gets broadcasted on the dark web</span> <span class="cue" id="t-649" data-t="649">Oh. Just instantly.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-652">10:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-652" data-t="652">Yeah. Yeah. And and</span> <span class="cue" id="t-655" data-t="655">that would, we have to find, you know, who stole it and then try to get it back. I mean, wouldn't that be a lot of fun?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-663">11:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-663" data-t="663">You know, like you signed up to to an exchange and you're like, okay, you You got a one in six chance that, it gets leaked all over the Internet and then some Nigerian,</span> <span class="cue" id="t-673" data-t="673">prince, you know, gets access to your</span> <span class="cue" id="t-676" data-t="676">all your personal information.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-677">11:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-677" data-t="677">They're that's horrible.</span> <span class="cue" id="t-680" data-t="680">That's already happening now,</span> <span class="cue" id="t-682" data-t="682">but they haven't built a fun</span> <span class="cue" id="t-685" data-t="685">user experience</span> <span class="cue" id="t-686" data-t="686">around</span> <span class="cue" id="t-688" data-t="688">that happening. It's like, okay, I get an email or somebody, you know,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-693">11:33</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-693" data-t="693">retweets</span> <span class="cue" id="t-694" data-t="694">something good I said about the exchange</span> <span class="cue" id="t-696" data-t="696">It says,</span> <span class="cue" id="t-697" data-t="697">this idiot didn't see it coming, but I did</span> <span class="cue" id="t-700" data-t="700">Can't believe this dumbass</span> <span class="cue" id="t-702" data-t="702">has to use his Bitcoin on this company's app</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-706">11:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-706" data-t="706">It's like, that sucks. That feels stupid. But, like, if you could put it and make it, like, part of the experience so that everybody kinda understands, like, it's</span> <span class="cue" id="t-714" data-t="714">it has nothing to do with your decisions or, like, your</span> <span class="cue" id="t-718" data-t="718">your risk management.</span> <span class="cue" id="t-719" data-t="719">It's just part of the game. Yeah. I mean, I think</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-723">12:03</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-723" data-t="723">gamifying it and being a little bit more transparent</span> <span class="cue" id="t-726" data-t="726">about</span> <span class="cue" id="t-728" data-t="728">the risks. And like, I think a lot of people, when they're engaging in the KYC process, like they understand that</span> <span class="cue" id="t-737" data-t="737">they're living in the Western countries, we're not living in the global South,</span> <span class="cue" id="t-741" data-t="741">or assume most of our listeners aren't,</span> <span class="cue" id="t-743" data-t="743">we have so much financial privilege here.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-746">12:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-746" data-t="746">And</span> <span class="cue" id="t-748" data-t="748">when</span> <span class="cue" id="t-749" data-t="749">your KYC data gets</span> <span class="cue" id="t-752" data-t="752">distributed to a lot of these people in the global South</span> <span class="cue" id="t-757" data-t="757">that then go and use it to commit</span> <span class="cue" id="t-760" data-t="760">identity theft or whatever,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-765">12:45</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-765" data-t="765">We're essentially,</span> <span class="cue" id="t-766" data-t="766">it's kinda like engaging</span> <span class="cue" id="t-769" data-t="769">in a charity like Samaritan's Purse or something like that, which is dedicating a lot of resources to the global South. You're essentially boosting the economy of these developing countries</span> <span class="cue" id="t-779" data-t="779">by allowing them to, you know, take out loans in in your name or, you know, whatever else and exploit.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-787">13:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-787" data-t="787">Right.</span> <span class="cue" id="t-788" data-t="788">And, you know, at the end of the day,</span> <span class="cue" id="t-791" data-t="791">a supreme court ruled,</span> <span class="cue" id="t-793" data-t="793">in a ruling that came out just a few months ago, so this summer,</span> <span class="cue" id="t-797" data-t="797">this spring,</span> <span class="cue" id="t-801" data-t="801">a company like Coinbase or whoever that you buy Bitcoin from, they</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-808">13:28</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-808" data-t="808">are legally</span> <span class="cue" id="t-810" data-t="810">protected. Like, it is their</span> <span class="cue" id="t-812" data-t="812">right as the property owners</span> <span class="cue" id="t-815" data-t="815">of your information,</span> <span class="cue" id="t-816" data-t="816">when you KYC with them</span> <span class="cue" id="t-818" data-t="818">to sell that data and to monetize it. So, you know, even if somebody from the global South doesn't hack,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-827">13:47</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-827" data-t="827">into the servers and steal it,</span> <span class="cue" id="t-830" data-t="830">if they just decided to sell it secretly, they would not be violating any laws and they don't have to disclose that. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-838">13:58</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-838" data-t="838">And I think we just need to figure out ways to gamify it and make it more fun. If</span> <span class="cue" id="t-844" data-t="844">we're gonna be having</span> <span class="cue" id="t-846" data-t="846">her information</span> <span class="cue" id="t-848" data-t="848">used by Abdul</span> <span class="cue" id="t-851" data-t="851">and somewhere in The Middle East or wherever else.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-854">14:14</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-854" data-t="854">At least, at the very least,</span> <span class="cue" id="t-857" data-t="857">let me</span> <span class="cue" id="t-858" data-t="858">screenshot,</span> <span class="cue" id="t-859" data-t="859">like, a pre generated meme</span> <span class="cue" id="t-862" data-t="862">of me being like,</span> <span class="cue" id="t-864" data-t="864">LOL, just got another email that all my data got leaked</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-867">14:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-867" data-t="867">on the dark web again. And it's just like everybody can wipe that out, get engagement on Twitter. It'll make me feel better</span> <span class="cue" id="t-874" data-t="874">about</span> <span class="cue" id="t-875" data-t="875">the fact that</span> <span class="cue" id="t-877" data-t="877">that that company was unable to protect my data. Just give me a good user experience. I understand that it's hard</span> <span class="cue" id="t-884" data-t="884">being a builder.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-886">14:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-886" data-t="886">Yeah.</span> <span class="cue" id="t-887" data-t="887">What would be great is like these companies could do something essentially. So like, you know, a lot of these charities</span> <span class="cue" id="t-894" data-t="894">that you can donate to</span> <span class="cue" id="t-896" data-t="896">that buy kids in the global South</span> <span class="cue" id="t-900" data-t="900">food. You know, you can feed them for, like, a dollar a day or whatever it is.</span> <span class="cue" id="t-904" data-t="904">They they typically send you, like, stories about, like, you know, what what the people you're feeding are doing.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-910">15:10</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-910" data-t="910">And in the same way, you know, it's like, okay, you know,</span> <span class="cue" id="t-915" data-t="915">Kalpesh in India</span> <span class="cue" id="t-918" data-t="918">used your personal data</span> <span class="cue" id="t-922" data-t="922">to essentially feed his family through</span> <span class="cue" id="t-925" data-t="925">identity theft and taking out a loan in your name. And yeah, your credit just got wrecked, but</span> <span class="cue" id="t-931" data-t="931">you wanna</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-932">15:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-932" data-t="932">see pictures of Kalpesh's family,</span> <span class="cue" id="t-934" data-t="934">his kids eating as a result of it, the new TV they just bought,</span> <span class="cue" id="t-940" data-t="940">stuff like that.</span> <span class="cue" id="t-941" data-t="941">And I think that would make it much more attractive to sign up for</span> <span class="cue" id="t-946" data-t="946">these platforms.</span> <span class="cue" id="t-947" data-t="947">And they started to Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-951">15:51</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-951" data-t="951">People</span> <span class="cue" id="t-953" data-t="953">the world of getting becoming a better place and and people in the global South having uplifting lives as a result</span> <span class="cue" id="t-960" data-t="960">of,</span> <span class="cue" id="t-961" data-t="961">of your early adoption of Bitcoin,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-964">16:04</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-964" data-t="964">is just it's uplifting as it kind of boosts everybody's spirits. Yeah. I mean, you know, Kalpesh, you know, could send his his child, Raj, you know, to The US, you know, with that money to go to college so that he can learn, you know, the skills necessary to,</span> <span class="cue" id="t-979" data-t="979">you know, run a successful seven eleven chain.</span> <span class="cue" id="t-982" data-t="982">And,</span> <span class="cue" id="t-984" data-t="984">you know, you your</span> <span class="cue" id="t-986" data-t="986">identity being stolen</span> <span class="cue" id="t-988" data-t="988">or or in this case,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-990">16:30</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-990" data-t="990">donated,</span> <span class="cue" id="t-992" data-t="992">transparently,</span> <span class="cue" id="t-994" data-t="994">to in order to be able to fund that process.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-998">16:38</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-998" data-t="998">Right. Yeah. And and he he doesn't even have to be,</span> <span class="cue" id="t-1002" data-t="1002">a really impactful,</span> <span class="cue" id="t-1006" data-t="1006">breach, you know, so to speak. Like if anybody is familiar with the,</span> <span class="cue" id="t-1010" data-t="1010">Indonesian</span> <span class="cue" id="t-1011" data-t="1011">baby who,</span> <span class="cue" id="t-1013" data-t="1013">went viral a few years ago because he was like</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1016">16:56</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1016" data-t="1016">three hundred pound three year old who just changed and had cigarettes. Well, the cigarettes are expensive and a three year old doesn't have access to low wage,</span> <span class="cue" id="t-1026" data-t="1026">jobs,</span> <span class="cue" id="t-1028" data-t="1028">until, you know, he's at least six or seven in a country like Indonesia and and his parents may not be able to afford to buy cigarettes,</span> <span class="cue" id="t-1034" data-t="1034">but</span> <span class="cue" id="t-1036" data-t="1036">you didn't make that possible. Yeah. We</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1039">17:19</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1039" data-t="1039">want children in these global South countries to be able to</span> <span class="cue" id="t-1044" data-t="1044">afford cigarettes for their kids. And</span> <span class="cue" id="t-1047" data-t="1047">I know in the Western countries,</span> <span class="cue" id="t-1050" data-t="1050">parents are having trouble enough affording</span> <span class="cue" id="t-1053" data-t="1053">to buy their children cigarettes.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1055">17:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1055" data-t="1055">Right. I mean,</span> <span class="cue" id="t-1056" data-t="1056">is, but again, to harp back</span> <span class="cue" id="t-1059" data-t="1059">to the point you made, we have a lot of privilege</span> <span class="cue" id="t-1062" data-t="1062">in The United States</span> <span class="cue" id="t-1064" data-t="1064">and</span> <span class="cue" id="t-1065" data-t="1065">the industrialized</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1066">17:46</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1066" data-t="1066">West</span> <span class="cue" id="t-1068" data-t="1068">was able to build</span> <span class="cue" id="t-1070" data-t="1070">magnificent,</span> <span class="cue" id="t-1072" data-t="1072">efficient,</span> <span class="cue" id="t-1073" data-t="1073">successful</span> <span class="cue" data-t="1073">capitalist societies</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1075">17:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1075" data-t="1075">because people, although the workers had access to nicotine to enhance their productivity</span> <span class="cue" id="t-1081" data-t="1081">and to try to pull that ladder up</span> <span class="cue" id="t-1084" data-t="1084">once we've built our industrialized society and tell the global savvy can't do that.</span> <span class="cue" id="t-1089" data-t="1089">We don't</span> <span class="cue" id="t-1090" data-t="1090">directly</span> <span class="cue" id="t-1091" data-t="1091">tell them that, but we run pull their access,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1095">18:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1095" data-t="1095">to those</span> <span class="cue" id="t-1096" data-t="1096">cigarettes and nicotine products that helped us make it where we are today. Yeah, I wonder,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1104">18:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1104" data-t="1104">I don't see this. Yeah, we just need new ways to</span> <span class="cue" id="t-1107" data-t="1107">democratize</span> <span class="cue" id="t-1110" data-t="1110">the distribution</span> <span class="cue" id="t-1111" data-t="1111">of</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1112">18:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1112" data-t="1112">good quality tobacco. Right, right. It's it's</span> <span class="cue" id="t-1115" data-t="1115">we've talked about many, many episodes ago about</span> <span class="cue" id="t-1119" data-t="1119">using the blockchain to solve,</span> <span class="cue" id="t-1121" data-t="1121">tobacco</span> <span class="cue" id="t-1123" data-t="1123">availability,</span> <span class="cue" id="t-1125" data-t="1125">in rural areas in the global South, but,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1128">18:48</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1128" data-t="1128">there's a lot of ways that</span> <span class="cue" id="t-1130" data-t="1130">this industry can pitch in.</span> <span class="cue" id="t-1135" data-t="1135">In other news this week, it's been a huge week.</span> <span class="cue" id="t-1138" data-t="1138">Donald Trump also went to Pub Key and bought</span> <span class="cue" id="t-1142" data-t="1142">burgers</span> <span class="cue" id="t-1143" data-t="1143">at Pub Key,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1145">19:05</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1145" data-t="1145">using his custodial lightning wallet strike.</span> <span class="cue" id="t-1149" data-t="1149">And this was the first</span> <span class="cue" id="t-1151" data-t="1151">ever Bitcoin transaction by</span> <span class="cue" id="t-1154" data-t="1154">a US president for goods and services,</span> <span class="cue" id="t-1157" data-t="1157">that I think any of us are aware of. So that was a very historic event.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1162">19:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1162" data-t="1162">What do you think</span> <span class="cue" id="t-1165" data-t="1165">the attitude</span> <span class="cue" id="t-1166" data-t="1166">in</span> <span class="cue" id="t-1167" data-t="1167">Strike's compliance</span> <span class="cue" id="t-1168" data-t="1168">department looked like when they first got his KYC infra</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1174">19:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1174" data-t="1174">put in?</span> <span class="cue" id="t-1176" data-t="1176">If you've ever been at your job and</span> <span class="cue" id="t-1179" data-t="1179">your manager comes by and says, everybody,</span> <span class="cue" id="t-1182" data-t="1182">his CEO is going to be in today,</span> <span class="cue" id="t-1184" data-t="1184">dress your best, be on your best behavior.</span> <span class="cue" id="t-1187" data-t="1187">I think that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1189">19:49</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1189" data-t="1189">the strike employees</span> <span class="cue" id="t-1192" data-t="1192">rallied</span> <span class="cue" id="t-1193" data-t="1193">to the they answered the call</span> <span class="cue" id="t-1195" data-t="1195">and, it's not often</span> <span class="cue" id="t-1197" data-t="1197">that that strike provides good customer service according to most of their customers</span> <span class="cue" id="t-1202" data-t="1202">but for the president</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1204">20:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1204" data-t="1204">they pulled out all the bells and whistles. Yeah. I mean,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1208">20:08</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1208" data-t="1208">it'd probably be a pretty big moment</span> <span class="cue" id="t-1210" data-t="1210">to see his,</span> <span class="cue" id="t-1214" data-t="1214">KYC information come across your,</span> <span class="cue" id="t-1218" data-t="1218">I don't know what that your KYC</span> <span class="cue" id="t-1220" data-t="1220">dashboard or whatever they use.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1223">20:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1223" data-t="1223">I</span> <span class="cue" id="t-1225" data-t="1225">feel like whoever is reviewing that</span> <span class="cue" id="t-1227" data-t="1227">would</span> <span class="cue" id="t-1229" data-t="1229">probably get that,</span> <span class="cue" id="t-1231" data-t="1231">you know, that KYC</span> <span class="cue" id="t-1232" data-t="1232">information</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1233">20:33</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1233" data-t="1233">more than one time per day and</span> <span class="cue" id="t-1236" data-t="1236">be easily</span> <span class="cue" id="t-1238" data-t="1238">attributed to scammers.</span> <span class="cue" id="t-1240" data-t="1240">So I think that,</span> <span class="cue" id="t-1242" data-t="1242">there must have been something in that KYC form</span> <span class="cue" id="t-1245" data-t="1245">that they had to look up to be like, oh, this this one isn't a scammer. This is the real this is the real Donald Trump.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1252">20:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1252" data-t="1252">Yeah. Well, I imagine his info at this point is probably Googleable.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1257">20:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1257" data-t="1257">I</span> <span class="cue" id="t-1258" data-t="1258">I was just going to do a little bit of research here in, Stacker News about this very question</span> <span class="cue" id="t-1264" data-t="1264">and</span> <span class="cue" id="t-1265" data-t="1265">this is just speculation,</span> <span class="cue" id="t-1267" data-t="1267">but somebody had a friend</span> <span class="cue" id="t-1269" data-t="1269">who worked at Strike and said that typically,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1272">21:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1272" data-t="1272">they would get a fax from Dennis Porter before,</span> <span class="cue" id="t-1276" data-t="1276">a new politician was going to start the KYC process to let them know that he orange pill, you know, Senator so and so, and that they, they should expect that KYC data imminently.</span> <span class="cue" id="t-1287" data-t="1287">And so it kinda gives them a heads up. Yeah. Well, I think,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1291">21:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1291" data-t="1291">you know,</span> <span class="cue" id="t-1292" data-t="1292">there what what this whole, you know, transaction of PubKey,</span> <span class="cue" id="t-1296" data-t="1296">you know, showed is that there's a market for</span> <span class="cue" id="t-1300" data-t="1300">Bitcoin assistance,</span> <span class="cue" id="t-1302" data-t="1302">for high net worth individuals who have done a lot but can't be bothered</span> <span class="cue" id="t-1307" data-t="1307">to figure out how to</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1309">21:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1309" data-t="1309">essentially run their own node</span> <span class="cue" id="t-1311" data-t="1311">and go through that process. And</span> <span class="cue" id="t-1314" data-t="1314">you know, we we</span> <span class="cue" id="t-1316" data-t="1316">there's a lot of people that have tried to do, you know, different products like this, you know, where they'll teach you about Bitcoin and you'll pay them,</span> <span class="cue" id="t-1324" data-t="1324">you know, some sort of, you know, fee Mhmm. In order to do it,</span> <span class="cue" id="t-1330" data-t="1330">kinda targeting the high net worth individuals. But, you know, one of the problems that exists is I don't think</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1336">22:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1336" data-t="1336">there there's a big enough pool that, you know, have been approved by the Secret Service</span> <span class="cue" id="t-1342" data-t="1342">in order to do that. So there's all these politicians, you know, that need,</span> <span class="cue" id="t-1346" data-t="1346">like, a a whole different level of of KYC with, you know, heavy background checks to to ensure that they're not, you know, they weren't in a BlackRock commercial</span> <span class="cue" id="t-1355" data-t="1355">and they're not a, you know, a threat to, you know, so and so's life.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1359">22:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1359" data-t="1359">So it's,</span> <span class="cue" id="t-1360" data-t="1360">it's kinda like</span> <span class="cue" id="t-1363" data-t="1363">a I know you almost need</span> <span class="cue" id="t-1366" data-t="1366">another</span> <span class="cue" id="t-1368" data-t="1368">agency or a government program</span> <span class="cue" id="t-1373" data-t="1373">to segregate compliance</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1375">22:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1375" data-t="1375">away</span> <span class="cue" id="t-1377" data-t="1377">segregate that responsibility</span> <span class="cue" id="t-1379" data-t="1379">away from the private sector</span> <span class="cue" id="t-1381" data-t="1381">and have</span> <span class="cue" id="t-1383" data-t="1383">the government</span> <span class="cue" id="t-1384" data-t="1384">doing the compliance and KYC on themselves</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1388">23:08</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1388" data-t="1388">because</span> <span class="cue" id="t-1389" data-t="1389">they, you</span> <span class="cue" id="t-1390" data-t="1390">know, it's their colleagues, it is their, you know, their friends, their coworkers. They are trained or just know</span> <span class="cue" id="t-1398" data-t="1398">how to, you know,</span> <span class="cue" id="t-1399" data-t="1399">separate the scams from the the real, you know, orange billed federal employees.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1407">23:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1407" data-t="1407">Yeah. Something like that. It's, I don't know. I mean, we have a serious problem, which is I don't think there's really a good,</span> <span class="cue" id="t-1415" data-t="1415">convenient, easy way to go and verify who's been a BlackRock commercial or not. True.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1420">23:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1420" data-t="1420">The odd thing about this on the other side is one of the controversies</span> <span class="cue" id="t-1426" data-t="1426">on Bitcoin Twitter</span> <span class="cue" id="t-1427" data-t="1427">when the videos came out,</span> <span class="cue" id="t-1430" data-t="1430">of the transaction was that Donald Trump did not actually even hold the phone</span> <span class="cue" id="t-1435" data-t="1435">and do the transaction for himself. It was somebody else doing it for him. So it is like, it didn't count</span> <span class="cue" id="t-1440" data-t="1440">as the president even doing it, but</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1442">24:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1442" data-t="1442">I think that</span> <span class="cue" id="t-1445" data-t="1445">the president of The United States cannot be expected to learn how to use lightning wallets.</span> <span class="cue" id="t-1450" data-t="1450">He's, he's very busy. He's seen a lot on his mind. There's a lot of things you could mess up.</span> <span class="cue" id="t-1455" data-t="1455">So I think that that that's natural and I think that there's, you know, I told my would tell my daughter, I would say</span> <span class="cue" id="t-1463" data-t="1463">the opportunity</span> <span class="cue" id="t-1465" data-t="1465">for you to get a really good job as an executive assistant to powerful CEOs,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1469">24:29</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1469" data-t="1469">powerful politicians</span> <span class="cue" id="t-1471" data-t="1471">would be to be able to run a node into</span> <span class="cue" id="t-1474" data-t="1474">to know how to use a lightning wallet,</span> <span class="cue" id="t-1476" data-t="1476">because those are the skills</span> <span class="cue" id="t-1478" data-t="1478">that these powerful people are going to need but not have time</span> <span class="cue" id="t-1483" data-t="1483">to learn about themselves</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1485">24:45</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1485" data-t="1485">so you can be kind of like their personal assistant,</span> <span class="cue" id="t-1488" data-t="1488">you know,</span> <span class="cue" id="t-1490" data-t="1490">to help them transact</span> <span class="cue" id="t-1492" data-t="1492">adversarially,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1494">24:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1494" data-t="1494">in their professional capacity. I was genuinely surprised that Donald Trump didn't do the transaction on his own because I don't think there's anything easier than doing a custodial lightning transaction.</span> <span class="cue" id="t-1505" data-t="1505">Know what I mean?</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">Rod Palmer</b> <span class="cue" id="t-1507" data-t="1507">Agreed. But it's also like, you know, we've all been there.</span> <span class="cue" id="t-1511" data-t="1511">How do you open a PDF on your computer?</span> <span class="cue" id="t-1513" data-t="1513">How do you put in the Wi Fi password,</span> <span class="cue" id="t-1517" data-t="1517">on your laptop?</span> <span class="cue" id="t-1518" data-t="1518">And a lot of our boomer parents and older,</span> <span class="cue" id="t-1521" data-t="1521">it took them</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1522">25:22</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1522" data-t="1522">years</span> <span class="cue" id="t-1523" data-t="1523">and a lot of them still haven't figured it out. Which is, you know, kind of strange.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1529">25:29</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1529" data-t="1529">I mean, I think</span> <span class="cue" id="t-1531" data-t="1531">I like, I know I have a lot of technical difficulties on a regular basis and need to, you know, either use Kaylee or my wife to teach me how to use my typewriter properly, but, like,</span> <span class="cue" id="t-1542" data-t="1542">I've been able to do it. And,</span> <span class="cue" id="t-1546" data-t="1546">you know, Donald Trump has shown</span> <span class="cue" id="t-1548" data-t="1548">very clearly that he can use sophisticated,</span> <span class="cue" id="t-1552" data-t="1552">websites that are complicated like True Social, like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1557">25:57</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1557" data-t="1557">Twitter</span> <span class="cue" id="t-1558" data-t="1558">to, you know, broadcast his,</span> <span class="cue" id="t-1562" data-t="1562">you know, very rational thoughts to the world. Right. I'm curious what his, end pub</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1568">26:08</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1568" data-t="1568">is, if he's migrated over there yet.</span> <span class="cue" id="t-1571" data-t="1571">Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1573">26:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1573" data-t="1573">If he if he's over there, you know, he's probably a NIM, like Barron. Right. I think Barron's our minister.</span> <span class="cue" id="t-1581" data-t="1581">Alright. Well, I wanted to, you know, touch on, the,</span> <span class="cue" id="t-1585" data-t="1585">the Jerome Powell rate cut again real quick.</span> <span class="cue" id="t-1588" data-t="1588">So, you know, I got a question for you, Rod, which is,</span> <span class="cue" id="t-1593" data-t="1593">you know, I think one of the primary reasons why he</span> <span class="cue" id="t-1597" data-t="1597">cut rates</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1598">26:38</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1598" data-t="1598">is because people are, you know, upset. They're having issues affording to pay taxes right now.</span> <span class="cue" id="t-1605" data-t="1605">It's a real problem.</span> <span class="cue" id="t-1608" data-t="1608">And I wanna know, is this rate cut</span> <span class="cue" id="t-1611" data-t="1611">enough</span> <span class="cue" id="t-1612" data-t="1612">to help people to be able to afford taxes? Or, you know, does there does the Fed need to be a little bit more aggressive in their in their policies?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1622">27:02</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1622" data-t="1622">I think that</span> <span class="cue" id="t-1623" data-t="1623">they are</span> <span class="cue" id="t-1624" data-t="1624">cognizant</span> <span class="cue" id="t-1625" data-t="1625">of the fact that</span> <span class="cue" id="t-1628" data-t="1628">they have to make</span> <span class="cue" id="t-1630" data-t="1630">big choices and they have to intervene</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1633">27:13</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1633" data-t="1633">into markets</span> <span class="cue" id="t-1634" data-t="1634">pretty aggressively</span> <span class="cue" id="t-1636" data-t="1636">to fix,</span> <span class="cue" id="t-1637" data-t="1637">the affordability of taxes</span> <span class="cue" id="t-1639" data-t="1639">problem</span> <span class="cue" id="t-1641" data-t="1641">and that's why they went with with the 50 bps the economy is fine,</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">but</span> <span class="cue" id="t-1647" data-t="1647">consequently,</span> <span class="cue" id="t-1649" data-t="1649">an economy that is fine</span> <span class="cue" id="t-1651" data-t="1651">is going to make asset prices</span> <span class="cue" id="t-1654" data-t="1654">inflate and that's going to make taxes more expensive</span> <span class="cue" id="t-1657" data-t="1657">It's not certain</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1659">27:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1659" data-t="1659">if it will make the affordability</span> <span class="cue" id="t-1661" data-t="1661">of taxes,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1663">27:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1663" data-t="1663">easier. So my fear is that the only way that people are gonna be able to afford taxes going forward is to actually purchase Bitcoin</span> <span class="cue" id="t-1670" data-t="1670">and save in Bitcoin.</span> <span class="cue" id="t-1672" data-t="1672">And I think that's,</span> <span class="cue" id="t-1675" data-t="1675">that's kind of what's the situation.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1677">27:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1677" data-t="1677">Yeah. And that is why</span> <span class="cue" id="t-1680" data-t="1680">a lot of Bitcoiners are not</span> <span class="cue" id="t-1682" data-t="1682">excited about Mala Harris because</span> <span class="cue" id="t-1685" data-t="1685">the unrealized gain taxes</span> <span class="cue" id="t-1688" data-t="1688">would be,</span> <span class="cue" id="t-1690" data-t="1690">it would force a lot of people</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1692">28:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1692" data-t="1692">to have to sell Bitcoin to afford</span> <span class="cue" id="t-1695" data-t="1695">to pay their taxes, and it would be potentially</span> <span class="cue" id="t-1699" data-t="1699">very bearish,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1701">28:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1701" data-t="1701">in terms of the possibilities of a big, big bull market this cycle. That would be a real issue for Michael Saylor and his managing his brand because he he is king king HODL over there,</span> <span class="cue" id="t-1715" data-t="1715">wanting people to never sell their Bitcoin, very anti selling Bitcoin, but I think</span> <span class="cue" id="t-1721" data-t="1721">it would kind of force him</span> <span class="cue" id="t-1723" data-t="1723">to sell Bitcoin, wouldn't it?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1725">28:45</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1725" data-t="1725">Yeah. I think that,</span> <span class="cue" id="t-1728" data-t="1728">I've read</span> <span class="cue" id="t-1729" data-t="1729">some speculation</span> <span class="cue" id="t-1731" data-t="1731">that</span> <span class="cue" id="t-1733" data-t="1733">his recent</span> <span class="cue" id="t-1734" data-t="1734">podcast</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1735">28:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1735" data-t="1735">that is very controversial</span> <span class="cue" id="t-1738" data-t="1738">and</span> <span class="cue" id="t-1740" data-t="1740">has has drawn him a lot of</span> <span class="cue" id="t-1742" data-t="1742">of criticism last week</span> <span class="cue" id="t-1744" data-t="1744">was this suggestion that,</span> <span class="cue" id="t-1747" data-t="1747">everybody should be able to</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1749">29:09</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1749" data-t="1749">get about 5% yield</span> <span class="cue" id="t-1751" data-t="1751">from their Bitcoin, from the banks on Wall Street like Morgan Stanley,</span> <span class="cue" id="t-1756" data-t="1756">because he wants</span> <span class="cue" id="t-1759" data-t="1759">to have Bitcoin generate yield so that the the government can tax that and that they'll be sat hopefully be satisfied</span> <span class="cue" id="t-1767" data-t="1767">with the revenue they get from the Bitcoin yield</span> <span class="cue" id="t-1770" data-t="1770">and that they won't have to tax the unrealized gains.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1775">29:35</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1775" data-t="1775">That</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1776">29:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1776" data-t="1776">is,</span> <span class="cue" id="t-1777" data-t="1777">you know, that is that is, like I said, speculation.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1781">29:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1781" data-t="1781">We'll have to see how that kinda unfolds. It it's the reason why that, you know, Kamal is wanting to do this.</span> <span class="cue" id="t-1788" data-t="1788">Is there not enough money that the federal government has right now to to send to Israel</span> <span class="cue" id="t-1794" data-t="1794">in order</span> <span class="cue" id="t-1795" data-t="1795">to, you know, blow</span> <span class="cue" id="t-1797" data-t="1797">up, you know, various laws. Is that like the the thinking of like, okay, how do we get more</span> <span class="cue" id="t-1803" data-t="1803">funding to these guys? And that's why taxes need to go up even though nobody can afford them. Yeah, if they can provide</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1812">30:12</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1812" data-t="1812">the assistance</span> <span class="cue" id="t-1814" data-t="1814">to</span> <span class="cue" id="t-1815" data-t="1815">multiple fronts</span> <span class="cue" id="t-1817" data-t="1817">on these wars that we have,</span> <span class="cue" id="t-1819" data-t="1819">and they can support</span> <span class="cue" id="t-1821" data-t="1821">Masa's ability</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1823">30:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1823" data-t="1823">to blow up the hardware wallets that will drive the price up and actually increase</span> <span class="cue" id="t-1828" data-t="1828">the revenue the government will get</span> <span class="cue" id="t-1831" data-t="1831">from unrealized</span> <span class="cue" id="t-1832" data-t="1832">gains on Bitcoin as it keeps going up, and that will kind of create a</span> <span class="cue" id="t-1837" data-t="1837">virtuous cycle</span> <span class="cue" id="t-1839" data-t="1839">of more funding</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1841">30:41</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1841" data-t="1841">and more and more tax revenue. Yep.</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">Well, that's interesting.</span> <span class="cue" id="t-1845" data-t="1845">It's,</span> <span class="cue" id="t-1847" data-t="1847">I don't know how to think about that.</span> <span class="cue" id="t-1849" data-t="1849">I think it's kind of an unfortunate</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1852">30:52</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1852" data-t="1852">way to go about things. That's why I mean, that's why democracy is so important.</span> <span class="cue" id="t-1857" data-t="1857">That's why everybody has to vote because</span> <span class="cue" id="t-1859" data-t="1859">this</span> <span class="cue" id="t-1861" data-t="1861">could change everything. At least that is what some people believe. That's why there's so much politics on. That's why David Bailey is is fighting so far on Trump's team. Yeah. So you had, something in the notes that you wanted to talk about that</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1874">31:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1874" data-t="1874">like to hear more of your thoughts on, but, it had to do with David Bailey and Diddy.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1880">31:20</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1880" data-t="1880">Yeah. Well, it's it's</span> <span class="cue" id="t-1882" data-t="1882">his tweets. David Bailey's been tweeting a lot recently</span> <span class="cue" id="t-1887" data-t="1887">about,</span> <span class="cue" id="t-1888" data-t="1888">the October</span> <span class="cue" id="t-1889" data-t="1889">surprise</span> <span class="cue" id="t-1891" data-t="1891">in politics,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1892">31:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1892" data-t="1892">the October surprise as it's known in politics, excuse me,</span> <span class="cue" id="t-1896" data-t="1896">is Diddy. And it it's unclear</span> <span class="cue" id="t-1900" data-t="1900">what he's talking about,</span> <span class="cue" id="t-1902" data-t="1902">broadly, but it seems to be related to,</span> <span class="cue" id="t-1908" data-t="1908">Diddy's connections</span> <span class="cue" id="t-1909" data-t="1909">in the political</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1911">31:51</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1911" data-t="1911">landscape,</span> <span class="cue" id="t-1913" data-t="1913">as it pertains to this election and that it's going to be, you know, a black eye on a lot of politicians'</span> <span class="cue" id="t-1919" data-t="1919">reputations.</span> <span class="cue" id="t-1921" data-t="1921">And it's, if you're not aware,</span> <span class="cue" id="t-1924" data-t="1924">Diddy was arrested</span> <span class="cue" id="t-1925" data-t="1925">this week as well.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1927">32:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1927" data-t="1927">He</span> <span class="cue" id="t-1928" data-t="1928">is essentially being accused of the day Epstein of hip hop. Well,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1934">32:14</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1934" data-t="1934">I mean, there's something that's really important for our listeners to understand</span> <span class="cue" id="t-1938" data-t="1938">is that</span> <span class="cue" id="t-1939" data-t="1939">weird sex stuff and pedophilia</span> <span class="cue" id="t-1942" data-t="1942">is like one of the foundations of our democracy</span> <span class="cue" id="t-1946" data-t="1946">that we live in. And</span> <span class="cue" id="t-1949" data-t="1949">without those types of activities</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1951">32:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1951" data-t="1951">being allowed to happen is kind of a danger</span> <span class="cue" id="t-1953" data-t="1953">to our democracy.</span> <span class="cue" id="t-1954" data-t="1954">So like individuals like Jeffrey Epstein and and P. Diddy</span> <span class="cue" id="t-1958" data-t="1958">offer a lot of security to our system.</span> <span class="cue" id="t-1962" data-t="1962">They they protect</span> <span class="cue" id="t-1965" data-t="1965">the system from, you know, individuals that want to prevent,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1970">32:50</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1970" data-t="1970">the sending of money to Ukraine</span> <span class="cue" id="t-1972" data-t="1972">and Israel.</span> <span class="cue" id="t-1975" data-t="1975">And it it's kind of like an accountability. So, like,</span> <span class="cue" id="t-1978" data-t="1978">you know, like, if you get trapped in this situation,</span> <span class="cue" id="t-1982" data-t="1982">you know, if you're an elected</span> <span class="cue" id="t-1983" data-t="1983">leader,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1986">33:06</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-1986" data-t="1986">if you're abusing children, you know, that's like a whole different level of KYC</span> <span class="cue" id="t-1991" data-t="1991">that they have on. They have video evidence of that.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-1995">33:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-1995" data-t="1995">Right. So that is a that is why</span> <span class="cue" id="t-1999" data-t="1999">we need</span> <span class="cue" id="t-2001" data-t="2001">or at least I would assume that the government believes</span> <span class="cue" id="t-2005" data-t="2005">that they need,</span> <span class="cue" id="t-2006" data-t="2006">a special KYC process</span> <span class="cue" id="t-2009" data-t="2009">for government officials because they will be</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2012">33:32</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2012" data-t="2012">making</span> <span class="cue" id="t-2013" data-t="2013">transactions</span> <span class="cue" id="t-2015" data-t="2015">and spending Bitcoin</span> <span class="cue" id="t-2017" data-t="2017">for</span> <span class="cue" id="t-2018" data-t="2018">things that</span> <span class="cue" id="t-2020" data-t="2020">are necessary for the preservation</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2023">33:43</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2023" data-t="2023">of democracy</span> <span class="cue" id="t-2024" data-t="2024">that might not be legal</span> <span class="cue" id="t-2026" data-t="2026">or or might sound alarms,</span> <span class="cue" id="t-2029" data-t="2029">if it were done by a private citizen.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2032">33:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2032" data-t="2032">Yeah.</span> <span class="cue" id="t-2034" data-t="2034">Yeah. I mean, when when you're an elected official or you have a badge,</span> <span class="cue" id="t-2038" data-t="2038">you have special authority to do things that would be considered morally</span> <span class="cue" id="t-2044" data-t="2044">repugnant to the average person. Right? So, like, you know, if you and I, you know, as credentialed journalists went and, you know, abused children,</span> <span class="cue" id="t-2053" data-t="2053">it would</span> <span class="cue" id="t-2054" data-t="2054">be seen as absolutely appalling.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2056">34:16</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2056" data-t="2056">And the reason why is because we're not elected officials, right? We don't have the past. There's not some sort of national security</span> <span class="cue" id="t-2064" data-t="2064">reason</span> <span class="cue" id="t-2065" data-t="2065">you know, to do that, to to to hurt these kids or</span> <span class="cue" id="t-2069" data-t="2069">or to do stuff like that. And,</span> <span class="cue" id="t-2073" data-t="2073">that's why, you know, like, privacy technology is really important, you know, but only, you know, explicitly for, you know, the intelligence agencies</span> <span class="cue" id="t-2081" data-t="2081">and,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2083">34:43</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2083" data-t="2083">you know,</span> <span class="cue" id="t-2084" data-t="2084">these these unelected and elected</span> <span class="cue" id="t-2087" data-t="2087">bureaucrats</span> <span class="cue" id="t-2088" data-t="2088">that have special privileges that average people cannot be afforded</span> <span class="cue" id="t-2094" data-t="2094">and shouldn't be afforded. Yeah. So</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2099">34:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2099" data-t="2099">that it almost makes me think</span> <span class="cue" id="t-2101" data-t="2101">that what we need</span> <span class="cue" id="t-2103" data-t="2103">is</span> <span class="cue" id="t-2104" data-t="2104">at least to protect national security,</span> <span class="cue" id="t-2108" data-t="2108">would be that our politicians after they were KYC, didn't got their accounts,</span> <span class="cue" id="t-2112" data-t="2112">that KYC information would be expunged,</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">destroyed,</span> <span class="cue" id="t-2117" data-t="2117">and all associations</span> <span class="cue" id="t-2120" data-t="2120">and ties to their UTXOs</span> <span class="cue" id="t-2122" data-t="2122">would be disconnected</span> <span class="cue" id="t-2123" data-t="2123">so that way</span> <span class="cue" id="t-2125" data-t="2125">they would be able</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2126">35:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2126" data-t="2126">to perform the necessary</span> <span class="cue" id="t-2129" data-t="2129">activities and transactions</span> <span class="cue" id="t-2132" data-t="2132">needed for democracy and national security</span> <span class="cue" id="t-2134" data-t="2134">without having that information ever</span> <span class="cue" id="t-2137" data-t="2137">associated to their identity</span> <span class="cue" id="t-2139" data-t="2139">and</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2141">35:41</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2141" data-t="2141">allowing anybody who's monitoring the blockchain to</span> <span class="cue" id="t-2144" data-t="2144">trace their activities to those, to those accounts? Well, I mean, it's really important that,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2151">35:51</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2151" data-t="2151">the people that determine</span> <span class="cue" id="t-2154" data-t="2154">whether or not a politician is good or bad for democracy, they have the leverage</span> <span class="cue" id="t-2160" data-t="2160">to force them to be good for our democracy</span> <span class="cue" id="t-2162" data-t="2162">on a regular basis.</span> <span class="cue" id="t-2164" data-t="2164">So like we don't I don't think we want the the KYC data, you know, completely</span> <span class="cue" id="t-2169" data-t="2169">destroyed because like those are mechanisms used to control these individuals to make sure they don't go too far off kilter.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2177">36:17</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2177" data-t="2177">That's a good point. Now, do you Like the Is this is this kind of</span> <span class="cue" id="t-2182" data-t="2182">how does this tie into the work that,</span> <span class="cue" id="t-2185" data-t="2185">that Whitney</span> <span class="cue" id="t-2186" data-t="2186">Webb and Mark Goodwin have done? Do you think that there's any relationship</span> <span class="cue" id="t-2190" data-t="2190">here between that stuff?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2192">36:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2192" data-t="2192">Well, I I really appreciate the work that Mark and Whitney done or have done. You know, I know Whitney is, well known for her book, A Nation Under Blackmail, which is all about, you know, the mechanisms of how,</span> <span class="cue" id="t-2204" data-t="2204">you know, these,</span> <span class="cue" id="t-2206" data-t="2206">you know, different</span> <span class="cue" id="t-2207" data-t="2207">groups of people ensure that everybody</span> <span class="cue" id="t-2210" data-t="2210">participating in our democracy</span> <span class="cue" id="t-2213" data-t="2213">from the political standpoint, the people running for</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2216">36:56</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2216" data-t="2216">office are actually</span> <span class="cue" id="t-2218" data-t="2218">the ones that are like, the behavior is controlled enough so that they they remain good for our democracy,</span> <span class="cue" id="t-2226" data-t="2226">if that makes</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2229">37:09</a><span class="cue-body"><b class="cue-who">Intellectual Silk Road</b> <span class="cue" id="t-2229" data-t="2229">sense. Throughout history,</span> <span class="cue" id="t-2231" data-t="2231">in times of darkness when the shadows threatened to engulf all of humanity,</span> <span class="cue" id="t-2236" data-t="2236">courageous men stood steadfast and tall</span> <span class="cue" id="t-2239" data-t="2239">as unwavering guardians of light.</span> <span class="cue" id="t-2242" data-t="2242">They've defeated the strong,</span> <span class="cue" id="t-2244" data-t="2244">protected the weak,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2245">37:25</a><span class="cue-body"><b class="cue-who">Intellectual Silk Road</b> <span class="cue" id="t-2245" data-t="2245">and kept the dream of self determination</span> <span class="cue" id="t-2248" data-t="2248">alive for their children and future generations.</span> <span class="cue" id="t-2251" data-t="2251">Now,</span> <span class="cue" id="t-2252" data-t="2252">as darkness encroaches once again,</span> <span class="cue" id="t-2255" data-t="2255">a new band of heroes</span> <span class="cue" id="t-2257" data-t="2257">stand prepared to become the beacons of strength and hope that will illuminate humanity's path to a brighter future.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2264">37:44</a><span class="cue-body"><b class="cue-who">Intellectual Silk Road</b> <span class="cue" id="t-2264" data-t="2264">And these great men know this path begins with local communities.</span> <span class="cue" id="t-2269" data-t="2269">Communities like the intellectual silk road.</span> <span class="cue" id="t-2272" data-t="2272">With every Bitcoin podcast downloaded,</span> <span class="cue" id="t-2275" data-t="2275">the intellectual silk road grows larger and stronger.</span> <span class="cue" id="t-2278" data-t="2278">Intellectual silk road cypherpunks are working tirelessly to build out value for value network effects</span> <span class="cue" id="t-2284" data-t="2284">using nostr, Fedemence,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2286">38:06</a><span class="cue-body"><b class="cue-who">Intellectual Silk Road</b> <span class="cue" id="t-2286" data-t="2286">group chats, and communication syndication relays like Bitcoin podcasts</span> <span class="cue" id="t-2291" data-t="2291">in preparation for the darkness of winter and the fourth turning to arrive.</span> <span class="cue" id="t-2297" data-t="2297">Join the intellectual Silk Road and help us protect the light of free men just like the cypherpunks who came before us.</span> <span class="cue" id="t-2305" data-t="2305">We'll be waiting for you.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2310">38:30</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2310" data-t="2310">Yeah. Absolutely.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2312">38:32</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2312" data-t="2312">So they've really documented</span> <span class="cue" id="t-2314" data-t="2314">the,</span> <span class="cue" id="t-2316" data-t="2316">the mechanisms of of which what a lot of this stuff is is happening to to keep people</span> <span class="cue" id="t-2321" data-t="2321">properly behave.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2324">38:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2324" data-t="2324">It's like this</span> <span class="cue" id="t-2325" data-t="2325">The people who</span> <span class="cue" id="t-2327" data-t="2327">they report on</span> <span class="cue" id="t-2329" data-t="2329">are</span> <span class="cue" id="t-2331" data-t="2331">the people who</span> <span class="cue" id="t-2332" data-t="2332">have been vetted</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2334">38:54</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2334" data-t="2334">by law processes</span> <span class="cue" id="t-2335" data-t="2335">in Silicon Valley,</span> <span class="cue" id="t-2337" data-t="2337">Langley, Virginia,</span> <span class="cue" id="t-2340" data-t="2340">El Salvador,</span> <span class="cue" id="t-2341" data-t="2341">wherever</span> <span class="cue" id="t-2342" data-t="2342">Bithinxes,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2344">39:04</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2344" data-t="2344">Franklin Temple to the CIA,</span> <span class="cue" id="t-2346" data-t="2346">that these people,</span> <span class="cue" id="t-2348" data-t="2348">should have</span> <span class="cue" id="t-2350" data-t="2350">control</span> <span class="cue" id="t-2351" data-t="2351">and custody of this special KYC data</span> <span class="cue" id="t-2355" data-t="2355">so that they can keep tabs on the,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2359">39:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2359" data-t="2359">powerful people who interact</span> <span class="cue" id="t-2362" data-t="2362">and control these networks</span> <span class="cue" id="t-2364" data-t="2364">to make sure that they</span> <span class="cue" id="t-2366" data-t="2366">monitor,</span> <span class="cue" data-t="2366">interact,</span> <span class="cue" id="t-2367" data-t="2367">and use them the way that they would like them to be used.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2371">39:31</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2371" data-t="2371">Yeah. I mean, what what what's so great so I was thinking about this the other day. So,</span> <span class="cue" id="t-2377" data-t="2377">the military industrial complex has figured out, you know, an incredible way to protect our democracy</span> <span class="cue" id="t-2382" data-t="2382">and our economy. So, like, you know, one of the primary jobs of a politician</span> <span class="cue" id="t-2386" data-t="2386">is to boost the economy</span> <span class="cue" id="t-2388" data-t="2388">through, you know, properly using taxes,</span> <span class="cue" id="t-2391" data-t="2391">but also subsidizing,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2393">39:53</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2393" data-t="2393">their friends' businesses.</span> <span class="cue" id="t-2394" data-t="2394">And so, you know, politicians</span> <span class="cue" id="t-2396" data-t="2396">and and the individuals working in the military industrial complex have become good buddies over the years. Right?</span> <span class="cue" id="t-2404" data-t="2404">Very good friends, lots of subsidies thrown at them.</span> <span class="cue" id="t-2408" data-t="2408">And there's this challenge, which is, how do you ensure</span> <span class="cue" id="t-2411" data-t="2411">consistent</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2412">40:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2412" data-t="2412">business demand in the future?</span> <span class="cue" id="t-2414" data-t="2414">And so what's happening right now</span> <span class="cue" id="t-2417" data-t="2417">is they're shipping $10,000,000</span> <span class="cue" id="t-2419" data-t="2419">missiles over Israel</span> <span class="cue" id="t-2421" data-t="2421">to be able to blow up the 2,000</span> <span class="cue" id="t-2423" data-t="2423">missiles that the Yemenis and Hezbollah</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2427">40:27</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2427" data-t="2427">and Hamas, these various groups are launching,</span> <span class="cue" id="t-2431" data-t="2431">which, if you look at the amount of spending that's happening, that's absolutely great for the economy. But they need to make sure that there's demand</span> <span class="cue" id="t-2440" data-t="2440">that they're gonna</span> <span class="cue" id="t-2442" data-t="2442">consistently send $10,000,000</span> <span class="cue" id="t-2444" data-t="2444">missiles over there</span> <span class="cue" id="t-2447" data-t="2447">for the next one hundred and fifty years potentially. Like they have a very</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2452">40:52</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2452" data-t="2452">low time preference</span> <span class="cue" id="t-2454" data-t="2454">when it comes to these types of decisions. And they know that</span> <span class="cue" id="t-2457" data-t="2457">if they</span> <span class="cue" id="t-2459" data-t="2459">allow Israel</span> <span class="cue" id="t-2461" data-t="2461">to go and kill all these</span> <span class="cue" id="t-2464" data-t="2464">various people in the region that are a threat to our greatest ally,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2471">41:11</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2471" data-t="2471">their their kids are gonna be very upset and they're gonna also want to fire $2,000</span> <span class="cue" id="t-2476" data-t="2476">missiles at Israel.</span> <span class="cue" id="t-2478" data-t="2478">And so there's just gonna be this perpetual demand</span> <span class="cue" id="t-2481" data-t="2481">for</span> <span class="cue" id="t-2482" data-t="2482">boosting our economy,</span> <span class="cue" id="t-2483" data-t="2483">for</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2485">41:25</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2485" data-t="2485">raising taxes,</span> <span class="cue" id="t-2486" data-t="2486">for, you know, forcing people to to find creative ways like buying Bitcoin to afford to raise taxes.</span> <span class="cue" id="t-2493" data-t="2493">And it's a it's a loop that's really beneficial for us all.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2499">41:39</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2499" data-t="2499">It's</span> <span class="cue" id="t-2501" data-t="2501">kind</span> <span class="cue" id="t-2502" data-t="2502">of just when people</span> <span class="cue" id="t-2504" data-t="2504">started to sour</span> <span class="cue" id="t-2506" data-t="2506">on Keynesian economics</span> <span class="cue" id="t-2508" data-t="2508">and weren't sure</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2509">41:49</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2509" data-t="2509">if that model and economics could succeed</span> <span class="cue" id="t-2513" data-t="2513">in this new era of the future,</span> <span class="cue" id="t-2516" data-t="2516">Bitcoin fixed this. Bitcoin</span> <span class="cue" id="t-2518" data-t="2518">made Keynesian economics,</span> <span class="cue" id="t-2521" data-t="2521">you know,</span> <span class="cue" id="t-2522" data-t="2522">relevant again. It's it's it's it's the unity, yeah, and it's the strength</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2527">42:07</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2527" data-t="2527">of the Austrian economic</span> <span class="cue" id="t-2530" data-t="2530">basis</span> <span class="cue" id="t-2532" data-t="2532">of Bitcoin that is ultimately what comes in and fixes</span> <span class="cue" id="t-2536" data-t="2536">this Keynesian mechanism</span> <span class="cue" id="t-2537" data-t="2537">so that people who prefer Austrian economics can use Bitcoin</span> <span class="cue" id="t-2541" data-t="2541">and for people who prefer Keynesian economics can use the dollar,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2546">42:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2546" data-t="2546">but the people who are getting the richest off of Bitcoin,</span> <span class="cue" id="t-2550" data-t="2550">that</span> <span class="cue" id="t-2551" data-t="2551">ability to pay their taxes keeps the Bekanesian system going. Well, I mean, here's one of the things</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2557">42:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2557" data-t="2557">that Bitcoin does, which is great for the economy, which is like,</span> <span class="cue" id="t-2561" data-t="2561">say</span> <span class="cue" id="t-2562" data-t="2562">the world is growing too peaceful</span> <span class="cue" id="t-2564" data-t="2564">and</span> <span class="cue" id="t-2565" data-t="2565">there's not enough demand for $10,000,000</span> <span class="cue" id="t-2568" data-t="2568">missiles,</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 they can't really justify it. You know, the intelligence agencies, you know, whether they're mining</span> <span class="cue" id="t-2575" data-t="2575">Monero on their their server farms or, you know, they're</span> <span class="cue" id="t-2579" data-t="2579">using Bitcoin that they, you know, stole,</span> <span class="cue" id="t-2582" data-t="2582">from, you know, some free market activist.</span> <span class="cue" id="t-2587" data-t="2587">They can take those funds and they can fund,</span> <span class="cue" id="t-2590" data-t="2590">you know, the individuals lobbying the $2,000</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2593">43:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2593" data-t="2593">missiles at Israel directly with Bitcoin, and they don't have to do it by flying pallets of cash,</span> <span class="cue" id="t-2601" data-t="2601">you know, over to these regions. It's it's it's a much more,</span> <span class="cue" id="t-2606" data-t="2606">what's the word,</span> <span class="cue" id="t-2608" data-t="2608">it's much more efficient process</span> <span class="cue" id="t-2610" data-t="2610">for funding ISIS</span> <span class="cue" id="t-2612" data-t="2612">and these other Hamas and these other groups,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2617">43:37</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2617" data-t="2617">which then can allow for more stimulus to be put into our local economy.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2623">43:43</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2623" data-t="2623">Right. For the form of producing missiles. And it used to be</span> <span class="cue" id="t-2627" data-t="2627">that they would fly over these pallets of cash,</span> <span class="cue" id="t-2630" data-t="2630">maybe sometimes gold</span> <span class="cue" id="t-2632" data-t="2632">for these</span> <span class="cue" id="t-2633" data-t="2633">payments to</span> <span class="cue" id="t-2635" data-t="2635">credential, you know, the compliant terrorist.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2638">43:58</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2638" data-t="2638">And</span> <span class="cue" id="t-2639" data-t="2639">then some, you couldn't always count</span> <span class="cue" id="t-2642" data-t="2642">on, on the compliant terrorist remain compliant</span> <span class="cue" id="t-2646" data-t="2646">after that the cash was delivered and the CIA got on their plane and they went back home</span> <span class="cue" id="t-2651" data-t="2651">and you just kind of had to take that risk. It cut your losses if they, if they went rogue, but now they have the ability to, to target and blow up their hardware wallet. If they don't</span> <span class="cue" id="t-2663" data-t="2663">follow through with their promises to do,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2666">44:26</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2666" data-t="2666">to do false flags and things like that. It's pretty incredible to watch Bitcoin fixing the economy. That's for sure.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2673">44:33</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2673" data-t="2673">Yeah.</span> <span class="cue" id="t-2675" data-t="2675">Honestly,</span> <span class="cue" id="t-2676" data-t="2676">we need it now more than ever and</span> <span class="cue" id="t-2679" data-t="2679">it's great that we have this</span> <span class="cue" id="t-2681" data-t="2681">solution,</span> <span class="cue" id="t-2683" data-t="2683">when the stakes are higher than they've ever been. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2686">44:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2686" data-t="2686">You had another topic on the list, which is progressive Bitcoiners.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2690">44:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2690" data-t="2690">Yeah. Yeah. It's,</span> <span class="cue" id="t-2693" data-t="2693">there was, you know,</span> <span class="cue" id="t-2695" data-t="2695">an ad that they ran on on our show a few weeks ago,</span> <span class="cue" id="t-2700" data-t="2700">but it's it's a growing problem.</span> <span class="cue" id="t-2704" data-t="2704">And you thought this was an interesting story about</span> <span class="cue" id="t-2708" data-t="2708">the gender pay gap. It is a widening issue, it is affecting more people. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2715">45:15</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2715" data-t="2715">So, there's this really alarming trend which is happening</span> <span class="cue" id="t-2720" data-t="2720">across,</span> <span class="cue" id="t-2721" data-t="2721">I think, the world, which is, you know, a man will be working at,</span> <span class="cue" id="t-2726" data-t="2726">a job and then they'll, you know, determine that they've been actually a woman their whole lives and they'll go through the process of transitioning.</span> <span class="cue" id="t-2734" data-t="2734">And they'll, you know, let HR and, you know, all their their supervisors and coworkers know their new preferred pronouns.</span> <span class="cue" id="t-2741" data-t="2741">And then all of a sudden, they'll get an email saying that they got a 20%,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2746">45:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2746" data-t="2746">wage reduction,</span> <span class="cue" id="t-2748" data-t="2748">as a result of their transition.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2750">45:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2750" data-t="2750">Right. Right. It's</span> <span class="cue" id="t-2752" data-t="2752">it's they had and there was one story I read about</span> <span class="cue" id="t-2755" data-t="2755">where the the,</span> <span class="cue" id="t-2757" data-t="2757">employee did not even get back to his desk,</span> <span class="cue" id="t-2761" data-t="2761">for having the click at the coming out party at the transition party and Ari had an email,</span> <span class="cue" id="t-2767" data-t="2767">letting them know that their</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2769">46:09</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2769" data-t="2769">A was going to be commiserate with what the female employees,</span> <span class="cue" id="t-2773" data-t="2773">the rest of them at the company were making</span> <span class="cue" id="t-2776" data-t="2776">and this presents</span> <span class="cue" id="t-2778" data-t="2778">a problem for some reasons we covered, just a few minutes ago,</span> <span class="cue" id="t-2783" data-t="2783">but</span> <span class="cue" id="t-2785" data-t="2785">more and more high earning</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2787">46:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2787" data-t="2787">male</span> <span class="cue" id="t-2789" data-t="2789">wage earners</span> <span class="cue" id="t-2790" data-t="2790">or beginning to transition</span> <span class="cue" id="t-2792" data-t="2792">and then that shrinks their salary like 20%,</span> <span class="cue" id="t-2796" data-t="2796">this affects the tax income revenue</span> <span class="cue" id="t-2799" data-t="2799">that the government can make.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2800">46:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2800" data-t="2800">This impacts the ability</span> <span class="cue" id="t-2802" data-t="2802">of the employee to pay their taxes</span> <span class="cue" id="t-2805" data-t="2805">and it makes a much more difficult</span> <span class="cue" id="t-2808" data-t="2808">circumstance for everybody. And that is why</span> <span class="cue" id="t-2811" data-t="2811">the progressive Bitcoiners</span> <span class="cue" id="t-2813" data-t="2813">are really impinging</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2816">46:56</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2816" data-t="2816">for people in these circumstances to think about Bitcoin, because that solves</span> <span class="cue" id="t-2821" data-t="2821">one of these</span> <span class="cue" id="t-2822" data-t="2822">unfortunate</span> <span class="cue" id="t-2824" data-t="2824">problems in the American labor system</span> <span class="cue" id="t-2827" data-t="2827">that</span> <span class="cue" id="t-2828" data-t="2828">could impact our ability</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2830">47:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2830" data-t="2830">to continue to</span> <span class="cue" id="t-2832" data-t="2832">have an economy that is fine and instability and peace in The Middle East? Yeah, I mean, it presents even</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2840">47:20</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2840" data-t="2840">setbacks for Bitcoin development because recently Ava Chow</span> <span class="cue" id="t-2844" data-t="2844">transitioned sometime last year.</span> <span class="cue" id="t-2846" data-t="2846">And</span> <span class="cue" id="t-2848" data-t="2848">like, I think the community</span> <span class="cue" id="t-2850" data-t="2850">saw that and was like, okay, I</span> <span class="cue" id="t-2853" data-t="2853">I I can support CoreDevs</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2854">47:34</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2854" data-t="2854">20% less financially</span> <span class="cue" id="t-2857" data-t="2857">Right. Now that Ava's a a woman.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2860">47:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2860" data-t="2860">And it is it is a problem</span> <span class="cue" id="t-2862" data-t="2862">of</span> <span class="cue" id="t-2863" data-t="2863">an incentives that we have to figure out because these people are</span> <span class="cue" id="t-2868" data-t="2868">making these changes in their life,</span> <span class="cue" id="t-2870" data-t="2870">and then the people that donate to core debts,</span> <span class="cue" id="t-2873" data-t="2873">they're seeing an opportunity</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2875">47:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2875" data-t="2875">to to cut costs,</span> <span class="cue" id="t-2878" data-t="2878">on their, their, their core debt</span> <span class="cue" id="t-2880" data-t="2880">support</span> <span class="cue" id="t-2881" data-t="2881">and use that those savings to buy more Bitcoin.</span> <span class="cue" id="t-2884" data-t="2884">But it creates a vicious cycle that keeps shrinking and shrinking and shrinking donations.</span> <span class="cue" id="t-2889" data-t="2889">And it also,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2890">48:10</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2890" data-t="2890">once these, these people stop taking or the, their bodies stop producing as much testosterone,</span> <span class="cue" id="t-2896" data-t="2896">their productivity</span> <span class="cue" id="t-2897" data-t="2897">and their contributions</span> <span class="cue" id="t-2899" data-t="2899">to, to the quincore</span> <span class="cue" id="t-2901" data-t="2901">decline.</span> <span class="cue" id="t-2902" data-t="2902">So it's, it's not, people think that it is a people are donating less money,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2907">48:27</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2907" data-t="2907">but it's really a market</span> <span class="cue" id="t-2909" data-t="2909">equilibrium</span> <span class="cue" id="t-2910" data-t="2910">force that is is</span> <span class="cue" id="t-2912" data-t="2912">the amount of money that's going to support is becoming</span> <span class="cue" id="t-2915" data-t="2915">in,</span> <span class="cue" id="t-2916" data-t="2916">in harmony with the the productivity coming out of the core contributor core.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2922">48:42</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2922" data-t="2922">That's a really interesting take.</span> <span class="cue" id="t-2924" data-t="2924">Right. Yeah. I know I know Alex Fetzky's got some thoughts on this. Like, you know, he wants to essentially, like, ban</span> <span class="cue" id="t-2931" data-t="2931">women from being able to, like, actually interact with Bitcoin</span> <span class="cue" id="t-2936" data-t="2936">or to even have jobs in general. And so, like, his perspective on it is if,</span> <span class="cue" id="t-2941" data-t="2941">you know, these people transition, they become women, they should, you know, be banished to the kitchen,</span> <span class="cue" id="t-2948" data-t="2948">to make sandwiches and, you know, clean around the house.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2952">49:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-2952" data-t="2952">And I don't I don't think that's the solution.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2955">49:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2955" data-t="2955">No. I if this is</span> <span class="cue" id="t-2957" data-t="2957">kind of</span> <span class="cue" id="t-2959" data-t="2959">the Overton window it kind of has two extremes</span> <span class="cue" id="t-2963" data-t="2963">and</span> <span class="cue" id="t-2964" data-t="2964">in Jyn Erso,</span> <span class="cue" id="t-2966" data-t="2966">Margot Paez, she kind of got in trouble for this at,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2970">49:30</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2970" data-t="2970">all to Connie Badger, but she was going to give a speech where she was going to kind of explain that Jeff Booth is a connotist. And the reason that her reasoning was</span> <span class="cue" id="t-2978" data-t="2978">that Jeff Booth looked at</span> <span class="cue" id="t-2981" data-t="2981">the</span> <span class="cue" id="t-2982" data-t="2982">future trends and technology. He knew that there was going to be a lot more people transitioning and that there was going to be a lot more</span> <span class="cue" id="t-2988" data-t="2988">women in the workforce, which is going to lower productivity and have a deflationary</span> <span class="cue" id="t-2993" data-t="2993">effect.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-2994">49:54</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-2994" data-t="2994">And</span> <span class="cue" id="t-2996" data-t="2996">for society to</span> <span class="cue" id="t-2997" data-t="2997">thrive and for society to adjust to that,</span> <span class="cue" id="t-3001" data-t="3001">it needed to be allowed</span> <span class="cue" id="t-3004" data-t="3004">to</span> <span class="cue" id="t-3005" data-t="3005">be,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3006">50:06</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3006" data-t="3006">deflationary,</span> <span class="cue" id="t-3009" data-t="3009">but the central banks try to co opt this.</span> <span class="cue" id="t-3012" data-t="3012">On the other end of the spectrum,</span> <span class="cue" id="t-3014" data-t="3014">Spetsky, he's kind of a well known</span> <span class="cue" id="t-3017" data-t="3017">Malthusian</span> <span class="cue" id="t-3018" data-t="3018">he</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3019">50:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3019" data-t="3019">actually the anti Malthusian,</span> <span class="cue" id="t-3022" data-t="3022">he wants to prevent these women from being in the workforce. It will force men to work harder as the men have to support</span> <span class="cue" id="t-3030" data-t="3030">their wife and their kids and their wife who is building a wallet at home to spend their Bitcoin more easily.</span> <span class="cue" id="t-3037" data-t="3037">This will increase productivity.</span> <span class="cue" id="t-3039" data-t="3039">More men working more hours will create productivity,</span> <span class="cue" id="t-3042" data-t="3042">the opposite</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3044">50:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3044" data-t="3044">of Jeff Booth's thesis.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3046">50:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3046" data-t="3046">I mean, I think there's two takeaways here, which is one, Bitcoin fixes this. And then two,</span> <span class="cue" id="t-3053" data-t="3053">you know, we can we can resolve a lot of, you know,</span> <span class="cue" id="t-3057" data-t="3057">the the conflicts and transitions that are happening as a result of,</span> <span class="cue" id="t-3062" data-t="3062">like, these kind of market in equilibriums</span> <span class="cue" id="t-3065" data-t="3065">being</span> <span class="cue" id="t-3066" data-t="3066">introduced</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3067">51:07</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3067" data-t="3067">by getting people to smoke more cigarettes.</span> <span class="cue" id="t-3070" data-t="3070">And I think, like,</span> <span class="cue" id="t-3072" data-t="3072">that I mean, that that could probably like, I think women that smoke cigarettes are 20% more productive than women that don't.</span> <span class="cue" id="t-3080" data-t="3080">And so if you</span> <span class="cue" id="t-3082" data-t="3082">are a man and then you transition to a woman and then you have are 20% less productive,</span> <span class="cue" id="t-3088" data-t="3088">you can essentially get back to zero by,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3093">51:33</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3093" data-t="3093">by smoking and picking it up.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3096">51:36</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3096" data-t="3096">Right. Yeah. The the point you made about women being more productive when they smoke,</span> <span class="cue" id="t-3101" data-t="3101">There's a lot of science to prove that if you've ever been to</span> <span class="cue" id="t-3105" data-t="3105">a strip club,</span> <span class="cue" id="t-3106" data-t="3106">most of the strippers smoke cigarettes. Well, they</span> <span class="cue" id="t-3109" data-t="3109">have to,</span> <span class="cue" id="t-3110" data-t="3110">because they have to,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3111">51:51</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3111" data-t="3111">they're going to college,</span> <span class="cue" id="t-3113" data-t="3113">they're getting their college degree, they're raising multiple</span> <span class="cue" id="t-3116" data-t="3116">kids on their own and then they still have to work late at night,</span> <span class="cue" id="t-3120" data-t="3120">smithing cigarettes gets them through the day, it helps them to raise families,</span> <span class="cue" id="t-3125" data-t="3125">appropriately.</span> <span class="cue" id="t-3127" data-t="3127">And</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3129">52:09</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3129" data-t="3129">it's to take that away,</span> <span class="cue" id="t-3131" data-t="3131">would be</span> <span class="cue" id="t-3132" data-t="3132">very harming and</span> <span class="cue" id="t-3134" data-t="3134">being able to have Bitcoin makes the affordability of those cigarettes,</span> <span class="cue" id="t-3138" data-t="3138">make sure they have access to them.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3141">52:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3141" data-t="3141">Yeah.</span> <span class="cue" id="t-3142" data-t="3142">I mean, a lot of women out there you know, are essentially</span> <span class="cue" id="t-3147" data-t="3147">destroying their, like, most valuable assets, which is their looks, you know, because they're, like, going out there, they're eating too many seed oils, they're getting</span> <span class="cue" id="t-3156" data-t="3156">overweight.</span> <span class="cue" id="t-3160" data-t="3160">You know, I mean, when you when you look at the difference between, you know, like an individual like Lynn Alden and, like, you know, kinda what we picture to be, you know, the typical overweight blue haired HR rep</span> <span class="cue" id="t-3172" data-t="3172">at</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3174">52:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3174" data-t="3174">at all these Bitcoin companies. Like, you could see</span> <span class="cue" id="t-3177" data-t="3177">why Lynn,</span> <span class="cue" id="t-3179" data-t="3179">is paid so well and it has so much demand for her services is because she's smoking hot.</span> <span class="cue" id="t-3185" data-t="3185">And like most women or or a lot of women, I would say most, but a lot of women are really struggling</span> <span class="cue" id="t-3191" data-t="3191">to</span> <span class="cue" id="t-3193" data-t="3193">essentially maintain that because they're not smoking enough. And like we all know</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3197">53:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3197" data-t="3197">that smoking</span> <span class="cue" id="t-3199" data-t="3199">suppresses</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3200">53:20</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3200" data-t="3200">Suppresses your appetite</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">Richard Greaser</b> <span class="cue" id="t-3203" data-t="3203">and makes you consume less seed oils.</span> <span class="cue" id="t-3207" data-t="3207">And</span> <span class="cue" id="t-3209" data-t="3209">most people, they go outside when they smoke too. So you get</span> <span class="cue" id="t-3213" data-t="3213">more sunlight,</span> <span class="cue" id="t-3214" data-t="3214">you eat less seed oils,</span> <span class="cue" id="t-3216" data-t="3216">you work more productively.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3220">53:40</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3220" data-t="3220">It's nicotine,</span> <span class="cue" id="t-3222" data-t="3222">tobacco specifically, you know, as being the best vehicle to</span> <span class="cue" id="t-3226" data-t="3226">get that nicotine</span> <span class="cue" id="t-3228" data-t="3228">is</span> <span class="cue" id="t-3229" data-t="3229">a very powerful nootropic.</span> <span class="cue" id="t-3232" data-t="3232">It cures COVID,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3234">53:54</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3234" data-t="3234">that that's been a big issue. You know, it's like,</span> <span class="cue" id="t-3237" data-t="3237">you know, you see if you if you watch sportsball on TV, you're probably seeing a lot</span> <span class="cue" id="t-3244" data-t="3244">of COVID nineteen vaccination</span> <span class="cue" id="t-3246" data-t="3246">commercials.</span> <span class="cue" id="t-3247" data-t="3247">Pfizer is really pumping</span> <span class="cue" id="t-3250" data-t="3250">in the marketing money right now</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3252">54:12</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3252" data-t="3252">to get people vaccinated. Like you can skip that whole</span> <span class="cue" id="t-3256" data-t="3256">process by just smoking. It's incredible.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3259">54:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3259" data-t="3259">Right. And I think maybe the most underappreciated</span> <span class="cue" id="t-3263" data-t="3263">side effect</span> <span class="cue" id="t-3264" data-t="3264">of them smoking is that they, like you said, they have to go outside and</span> <span class="cue" id="t-3268" data-t="3268">smoke pits are notorious locations</span> <span class="cue" id="t-3271" data-t="3271">for,</span> <span class="cue" id="t-3272" data-t="3272">conversations about</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3274">54:34</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3274" data-t="3274">Bitcoin podcasts, carnivore diets, these different</span> <span class="cue" id="t-3277" data-t="3277">healthy</span> <span class="cue" id="t-3279" data-t="3279">just rabbit holes, right? And so it's more likely that they will be exposed to those conversations and potentially become orange pilled as a result. So, I mean, imagine this. So like,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3289">54:49</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3289" data-t="3289">at the Bugle in our newsroom,</span> <span class="cue" id="t-3291" data-t="3291">we're very</span> <span class="cue" id="t-3293" data-t="3293">progressive in the sense that we allow people to smoke at their desks and they don't have to go outside.</span> <span class="cue" id="t-3298" data-t="3298">But like not very many</span> <span class="cue" id="t-3301" data-t="3301">Probably encourage them to yell.</span> <span class="cue" id="t-3303" data-t="3303">Sure, yeah. We want people to get as much sunlight as possible.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3309">55:09</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3309" data-t="3309">But, you know, it's kinda hard when you're like in an office building and you have to ride an elevator up and down. You know, there's a lot of time wasted in that. But,</span> <span class="cue" id="t-3318" data-t="3318">like, for a lot of these companies that are not as progressive as us, like, what they should be doing is they should be setting up twenty four seven livestreams</span> <span class="cue" id="t-3326" data-t="3326">of the smoke pits,</span> <span class="cue" id="t-3329" data-t="3329">just to capture all the high,</span> <span class="cue" id="t-3331" data-t="3331">you know, the very, like, what's the word,</span> <span class="cue" id="t-3334" data-t="3334">luminary conversations that are happening in there, the Bitcoin podcasts that are happening organically,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3341">55:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3341" data-t="3341">as a result of people</span> <span class="cue" id="t-3344" data-t="3344">smoking and talking with each other outside in the sunlight. I think that would be a big deal.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3350">55:50</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3350" data-t="3350">Yes.</span> <span class="cue" id="t-3351" data-t="3351">The</span> <span class="cue" id="t-3352" data-t="3352">saying has been,</span> <span class="cue" id="t-3355" data-t="3355">edited and censored</span> <span class="cue" id="t-3357" data-t="3357">by the mainstream, but it's the old saying is sunlight is the best disinfectant.</span> <span class="cue" id="t-3362" data-t="3362">The actual saying is sunlight and cigarettes are the best disinfectant. And it's talking not just about</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3369">56:09</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3369" data-t="3369">biological disinfectant, but it's a metaphor</span> <span class="cue" id="t-3371" data-t="3371">for</span> <span class="cue" id="t-3372" data-t="3372">disinfecting</span> <span class="cue" id="t-3373" data-t="3373">your mind of</span> <span class="cue" id="t-3375" data-t="3375">the propaganda that's being shoved to it through the screen,</span> <span class="cue" id="t-3379" data-t="3379">you know, at work every day. 100%.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3384">56:24</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3384" data-t="3384">There's there's been people</span> <span class="cue" id="t-3387" data-t="3387">I've seen on to where Arizona and HODL,</span> <span class="cue" id="t-3389" data-t="3389">I said this recently that,</span> <span class="cue" id="t-3391" data-t="3391">he recently</span> <span class="cue" id="t-3393" data-t="3393">called somebody a fiat fuck under his breath at work. And one of his employees covered him and asked him, like, you know,</span> <span class="cue" id="t-3400" data-t="3400">why does he say, oh, my my my Bitcoin Twitter accidentally</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3404">56:44</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3404" data-t="3404">leaked out in public.</span> <span class="cue" id="t-3406" data-t="3406">And it's more and more,</span> <span class="cue" id="t-3408" data-t="3408">you know, Bitcoiners at Fiat mining jobs or getting in trouble with HR</span> <span class="cue" id="t-3413" data-t="3413">for showing their coworkers Bitcoin needs.</span> <span class="cue" id="t-3416" data-t="3416">And this is,</span> <span class="cue" id="t-3417" data-t="3417">a result of, you know,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3419">56:59</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3419" data-t="3419">it's an defirable offense depending on the group chat where you got that meme, but it's</span> <span class="cue" id="t-3425" data-t="3425">HRs are trying to censor</span> <span class="cue" id="t-3428" data-t="3428">the sharing of Bitcoin memes in the workplace,</span> <span class="cue" id="t-3431" data-t="3431">but they don't have jurisdiction</span> <span class="cue" id="t-3434" data-t="3434">over those meme shares</span> <span class="cue" id="t-3435" data-t="3435">in a smoke pit. Those are kind of like, you know,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3439">57:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3439" data-t="3439">zones related to free free association zones.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3442">57:22</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3442" data-t="3442">It's like a based</span> <span class="cue" id="t-3444" data-t="3444">safe</span> <span class="cue" id="t-3445" data-t="3445">space.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3446">57:26</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3446" data-t="3446">Yeah. It's a it's a space that HR cannot</span> <span class="cue" id="t-3449" data-t="3449">cannot,</span> <span class="cue" id="t-3450" data-t="3450">you know, hurt you. They cannot damage your career. It can be canceled by HR.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3456">57:36</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3456" data-t="3456">It's a space that you can go to and you can be safe being based.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3461">57:41</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3461" data-t="3461">Right. Exactly. Safe</span> <span class="cue" id="t-3464" data-t="3464">based safe spaces. We need more based safe spaces, safe spaces to be based, and it starts the smoke pit where you can imagine</span> <span class="cue" id="t-3473" data-t="3473">where you can</span> <span class="cue" id="t-3474" data-t="3474">create your own</span> <span class="cue" id="t-3476" data-t="3476">digital</span> <span class="cue" id="t-3477" data-t="3477">based state safe spaces.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3480">57:60</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3480" data-t="3480">The forefront of that, of course, is group chats where you the memes that you share</span> <span class="cue" id="t-3485" data-t="3485">that are too</span> <span class="cue" id="t-3487" data-t="3487">likely to draw negative attention to you</span> <span class="cue" id="t-3490" data-t="3490">or suspend you get you suspended</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3493">58:13</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3493" data-t="3493">on the public timeline. Well, we've been rolling for about an hour. What do you think about going over to the fountain booze?</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3499">58:19</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3499" data-t="3499">Let's let's hit the booze.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3501">58:21</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3501" data-t="3501">Alright.</span> <span class="cue" data-t="3501">We we had kind of like a lack of cluster,</span> <span class="cue" id="t-3505" data-t="3505">showing as far as boost this week. We didn't even have,</span> <span class="cue" id="t-3508" data-t="3508">miss Huddl not,</span> <span class="cue" id="t-3510" data-t="3510">boost, and I think that's okay. I mean, I think everybody blew their wad on</span> <span class="cue" id="t-3515" data-t="3515">on the previous episode with fundamentals, so I'm not too,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3520">58:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3520" data-t="3520">worried about it. Today as we're recording</span> <span class="cue" id="t-3523" data-t="3523">is technically</span> <span class="cue" id="t-3524" data-t="3524">the first official day of fall of autumn, the autumnal</span> <span class="cue" id="t-3528" data-t="3528">equinox.</span> <span class="cue" id="t-3529" data-t="3529">A lot of our female listeners have probably had pumpkin patches or drinking</span> <span class="cue" id="t-3534" data-t="3534">pumpkin spice lattes.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3535">58:55</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3535" data-t="3535">We hope that you'll be back this week,</span> <span class="cue" id="t-3538" data-t="3538">to listen to the show. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3541">59:01</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3541" data-t="3541">Well, our first boost for 10,021</span> <span class="cue" id="t-3544" data-t="3544">sats from our good friend, We All Eat,</span> <span class="cue" id="t-3546" data-t="3546">says,</span> <span class="cue" id="t-3547" data-t="3547">you big dick swinging bastards,</span> <span class="cue" id="t-3550" data-t="3550">LMFAO,</span> <span class="cue" id="t-3551" data-t="3551">I heard the CEO could make more coins. You all have me</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3555">59:15</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3555" data-t="3555">so scared and ready to comply. He always has, he always has funny comments. I don't</span> <span class="cue" id="t-3561" data-t="3561">necessarily know what he's talking about, but I always laugh.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3564">59:24</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3564" data-t="3564">I'm always baffled on how to respond to, We All Eats,</span> <span class="cue" id="t-3569" data-t="3569">fountain boost.</span> <span class="cue" id="t-3572" data-t="3572">The CEO can make more points. Okay. Well, let's address</span> <span class="cue" id="t-3576" data-t="3576">I think there's just, like, there's too many different ideas that are, shared in, like, a a couple sentences.</span> <span class="cue" id="t-3583" data-t="3583">So you have to, like, break it down</span> <span class="cue" id="t-3585" data-t="3585">one by one.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3588">59:48</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3588" data-t="3588">So the first idea that was shared was the CEO of Bitcoin can make more coins.</span> <span class="cue" id="t-3595" data-t="3595">So I addressed this in my Bitcoin improvement proposal,</span> <span class="cue" id="t-3599" data-t="3599">that I did of how can we prevent discussion around making more coins,</span> <span class="cue" id="t-3604" data-t="3604">which is implementing the HODL tax. So if we tax the HODLers and pay the miners,</span> <span class="cue" id="t-3611" data-t="3611">there's not gonna be any desire to create more coins. Because, like, the only reason why anybody wants</span> <span class="cue" id="t-3616" data-t="3616">to make more coins in the first place is because they think the mining incentives are broken and the miners need to get paid more.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3624">1:00:24</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3624" data-t="3624">Right. There needs to be</span> <span class="cue" id="t-3626" data-t="3626">a preemptive hard fork</span> <span class="cue" id="t-3628" data-t="3628">to prevent.</span> <span class="cue" id="t-3630" data-t="3630">The only thing that can stop a bad hard fork</span> <span class="cue" id="t-3633" data-t="3633">is</span> <span class="cue" id="t-3634" data-t="3634">a</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3635">1:00:35</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3635" data-t="3635">Bitcoin improvement proposal</span> <span class="cue" id="t-3638" data-t="3638">with a good hard fork suggestion.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3641">1:00:41</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3641" data-t="3641">Yeah.</span> <span class="cue" id="t-3642" data-t="3642">And</span> <span class="cue" id="t-3643" data-t="3643">on top of that,</span> <span class="cue" id="t-3645" data-t="3645">like, it's only a matter of time as well before Donald Trump,</span> <span class="cue" id="t-3650" data-t="3650">becomes an ally of Taproot Wizards. He realizes that that shelling NFTs on</span> <span class="cue" id="t-3656" data-t="3656">Ethereum and Solana is not</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3659">1:00:59</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3659" data-t="3659">the future and that ordinals</span> <span class="cue" id="t-3662" data-t="3662">are</span> <span class="cue" id="t-3664" data-t="3664">are the thing to shell. And, you know, when when The Donald is</span> <span class="cue" id="t-3669" data-t="3669">is pumping ordinals, the the fee market's gonna go up. So I wouldn't worry too much about the miners, you know, between the HODL tax and Donald Trump's ordinals.</span> <span class="cue" id="t-3680" data-t="3680">It's gonna be pretty great.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3683">1:01:23</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3683" data-t="3683">Hell yeah.</span> <span class="cue" id="t-3685" data-t="3685">Well, thank you for the donation of 10,000 sats, 10,021</span> <span class="cue" id="t-3689" data-t="3689">sats, excuse me, we all eat. The next boost</span> <span class="cue" id="t-3693" data-t="3693">is 10,000 sats from</span> <span class="cue" id="t-3696" data-t="3696">fundamentals, friend of the show,</span> <span class="cue" id="t-3698" data-t="3698">in his comment.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3700">1:01:40</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3700" data-t="3700">Just a single word, solid.</span> <span class="cue" id="t-3703" data-t="3703">So glad you enjoyed that, Fundamentals. Yeah.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3706">1:01:46</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3706" data-t="3706">Big shout out to Fundamentals and Rock People Bitcoin podcast.</span> <span class="cue" id="t-3710" data-t="3710">Really appreciated him</span> <span class="cue" id="t-3712" data-t="3712">coming on the show. I've been continuing to work on my,</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3717">1:01:57</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3717" data-t="3717">And shout out to not just him, but to all</span> <span class="cue" id="t-3720" data-t="3720">the really cool dudes, a lot of members of the intellectual Silk Road at the Philly</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">Richard Greaser</b> <span class="cue" id="t-3725" data-t="3725">meetup. We should make it out there sometime.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3728">1:02:08</a><span class="cue-body"><b class="cue-who">Rod Palmer</b> <span class="cue" id="t-3728" data-t="3728">Yeah, we should. We need to go out to,</span> <span class="cue" id="t-3731" data-t="3731">sometime with like a Bitcoin John and like the meetup and like whenever they've got a bunch of stuff going on.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3737">1:02:17</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3737" data-t="3737">Well, one of the things that I think would be a lot of fun to do,</span> <span class="cue" id="t-3741" data-t="3741">at some point is to get</span> <span class="cue" id="t-3743" data-t="3743">a bugle</span> <span class="cue" id="t-3745" data-t="3745">tour bus, essentially,</span> <span class="cue" id="t-3747" data-t="3747">and drive around the country,</span> <span class="cue" id="t-3750" data-t="3750">you know, visiting all the different meetup spots.</span></span></p>
   +
   +<p class="cue-p"><a class="cue-t" href="#t-3753">1:02:33</a><span class="cue-body"><b class="cue-who">Richard Greaser</b> <span class="cue" id="t-3753" data-t="3753">And I think that would be a lot of fun.</span> <span class="cue" id="t-3755" data-t="3755">But we gotta we gotta raise some sats,</span> <span class="cue" id="t-3759" data-t="3759">because we have to outpace our cigarette consumption</span> <span class="cue" id="t-3762" data-t="3762">and,</span> <span class="cue" id="t-3763" data-t="3763">all that we're paying Kaylee,</span> <span class="cue" id="t-3765" data-t="3765">to produce this podcast.</span></span></p>
   +

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