Transcript
Transcript: Comply Side Economics 101 | Bugle Weekly Episode 3
0:00Unknown Warning. Listeners may find the following podcast disturbing. Listener discretion is advised. If you are an individual that believes in the separation of money and state or believe in the elimination of government, stop listening now. This podcast is reserved only for mature individuals who will comply to the extent necessary in order to ensure NGU.
0:23Unknown The Bugle is the world's premier news agency. They are the Bitcoin standard of news.
0:32Rod Palmer These ordinal guys are out of control. They're turning the UTXOs gay, and it needs to be stopped.
0:37Unknown The force is strong with the people taking tether money. They are complying with the empire. No one can withstand the power of the dark side. I prefer ETHDenver over Bitcoin 2023.
0:54Unknown The shitcoiners are my people more so than the toxic laser iMacs.
0:60Unknown The reason I find Dennis Porter so sexy is that he is so compliant. Heads turn when he walks down the hall of the Capitol Building.
1:08Rod Palmer The Bugle is easily the most important journalistic institution around today. They make up literally everything they write and yet it is somehow all true.
1:18Unknown Now you all better let the bugle do the thinking for your life. It's too damn hard to do all the thinking yourself.
1:35Unknown This podcast is made possible by our sponsor, PodConf. PodConf is the premier organization working to promote compliance across the Bitcoin community in order to ensure NGU. This week, they launched their Real Pleb movement.
1:52Unknown Real Plebs is a prestigious initiative designed for mission driven Bitcoiners who are ready to elevate their influence within the Bitcoin community. Real Plebs is more than a title. It's a commitment to propelling the narrative of Bitcoin in line with PodConff's mission to unprecedented heights.
2:10Unknown You can apply to get the Real Pleb verification on the PodConff website, podconf.xyz. Verification will be required to attend all Bitcoin conferences starting May 2025. Implying early and getting verified will allow you preferential treatment during conference registration and security. Apply to skip the line. Thank you to PodCon f for supporting the podcast.
2:41Richard Greaser Alright. We are live. Hey there, Rod.
2:48Rod Palmer Pleasure complying with all of you this past week. How you doing, Richard?
2:55Richard Greaser Oh, you know, I feel ready for a new week of, complying. We're, recording on Monday night. And, yeah, might as well talk about our sponsor.
3:11Richard Greaser But
3:13Rod Palmer it it sounds exciting, and it it's better than nothing. So we're we're pleased to announce it. But, yeah, let them let them know who who's sponsoring us now.
3:24Richard Greaser We were we we announced this the other night on PlugChain Radio that, pod Podkoff actually approached us to sponsor us. So our reporting on them chased them out of the shadows
3:41Richard Greaser and into the light. They created a public website. They're they're really trying to manage the PR now. And as part of that PR management, they've actually reached out to sponsor us, and we accept it.
3:55Rod Palmer Yeah. Yeah. I mean, you got, we're we're basically going to be on cyber with Topgolf to encourage compliance and, we have to support that the the Bitcoin price go up.
4:10Rod Palmer But we also make sure to bring them down. Our quality of journalism will not be effective. This will not affect our opinions. This will not affect our ability to be objective. We will still bring you
4:28Rod Palmer the only official news that you can count on in the Bitcoin space.
4:35Richard Greaser Yeah. I don't I don't know why anybody would think that us having a sponsor would somehow influence our journalistic integrity. If they would think that they probably don't understand how journalism works, and they're they're too busy watching these YouTubers. But we're not like those people.
4:54Richard Greaser We're we're very
4:56Rod Palmer Right. Most of the people who have these criticisms, they think that education is listening to podcasts. They don't have bachelor's degrees in journalism like we do. And so some people, they they disrespect, the University of Phoenix, you know, bachelor of journalism degree or any bachelor degree. But, that just betrays their ignorance.
5:22Richard Greaser I mean, podcasts, while entertaining, are are definitely not educational like a college education is. There's no grades on how you listen to a podcast. There's no tests. And the the worst part about it is you don't pay money. And I know Fountain is trying to fix this
5:44Richard Greaser by convincing people to to voluntarily pay for it, but you need to you need to get into your ears in debt in order to get a real education.
5:55Rod Palmer Yeah. And I think, oh, I agree with all of those. The most important to me is if you look at the statistics, most people listen to one or two podcasts over and over. That's where they get most of their information. And there's it's statistics show there's very little diversity
6:12Rod Palmer in in their listening shoes. So when you go to college, you get a more diverse education from, from people from with different genders, different cultures, different pronouns. And I think that that is a very important component.
6:31Richard Greaser Podkoff just put out a really helpful blog on how to influence the influencers. And so if you wanna go over to their website, podkoff.xyz, you can check out you can check out the, article there. And you can also
6:52Richard Greaser apply to get early access to the RealPlan verification.
6:59Rod Palmer Do you Did you wanna read what the RealPlan verification gets you? Because I think that people are going to be very, very interested in this. Yeah. I mean,
7:12Richard Greaser as part of our our sponsorship agreement, so so I think it's important to be fully transparent with our listeners as to what they're giving us. But, Podkoff is allowing Rod and myself to have, free memberships.
7:29Richard Greaser They're so they're copying our memberships to, Real Clubs. And, that gets us early access to buy conference tickets
7:42Richard Greaser as well as to bypass obtrusive security. There's special quicker security, at at the conferences, at all the Bitcoin conferences. And it's pretty great.
7:57Rod Palmer Not only that, admitting, everybody who is a real plan, You get you own, affiliate discount code. So if you want to, as an influencer, show out only other people who are on social media that you are, you know, a real plan that you are associated with the Podcove approved conferences and podcasts, you can offer a discount code, and that gives you and your followers,
8:23Rod Palmer up to 5% off of tickets that are usually around 600 or $700 for three days of, being shield to at expo halls about why you should buy a product of people who also paid Prodkov to be in that, in that area marketing to you. So you could actually get a $700 ticket, and all of your followers could for $680. That's a great deal, and that is one of the one of the many benefits
8:52Rod Palmer of the RealPlab membership.
8:57Richard Greaser Their road map of what they wanna do with RealPlab is really cool. I know in the future, they want to be able to tie your KYC information into your real I Real Pleb identification. And so that way, you can sign up for any regulated compliant KYC exchange you want to with one click, kinda like how you sign in with Google.
9:20Rod Palmer They're saying they're yeah. They're saying that this, you know, could be huge. Like, you could get summoned for, the juror for juror duty, And they would be able to, like, arrest you and in the in the, courtroom call you by your platinum name because it's gonna associate all of these together. So that doesn't matter who you interact with or which companies you sign up with online, they will know your identity on Twitter. You may be able to get more deals because you're gonna be an influencer. They'll have access to know if they they could sell their products through your account.
9:57Richard Greaser Yeah. I mean, you can really monetize your Twitter following, and, this is part of what we're doing with the sponsorship package as well is, PodConf is paying us in compliance tokens.
10:12Richard Greaser And I know you wrote an article about that, of, Samsung now buying some. I don't know if you wanna talk about that, Rob. It was a very interesting story.
10:22Rod Palmer When people were wondering if the Bitcoin community and platform, if they supported people like Samsung now, Adam Back, Jack Mallers because they use Tether. Well, Bogloff today issued a waiver to Samsung and his company Jan three who make the Aqua Wallet, that utilizes the liquid network. And they may have gotten a waiver so that they are able to to facilitate the use of shit coins like Tether
10:50Rod Palmer on their app without being negatively affected. Nobody can make them eligible for protection from mean paying attacks. They're eligible for protection from being criticism online. All their influencers will step in and and protect them and defend them as long as they now that they have this waiver that has been approved and they were able to purchase these compliance credits. And these compliance credits can be spent at PodConf for sponsorships, podcast sponsorships,
11:19Rod Palmer you know, partnerships, things like that. And you will see January 3 and and anybody who has used these compliance tokens to buy sponsorships. You'll be seeing them on podcasts at conferences. And that kind of that evens out the Tether use. That's great. When you get better,
11:42Rod Palmer on the quick, you'll be able to trade these compliance tickets, these compliance credits to other companies, to other influencers, and to other real players. So you will be able to, in effect, do waivers and, forgiveness in the community if you if you'd like stable coins or if you like, you know, some of those are the like Monero.
12:07Richard Greaser I think I'm gonna pitch this idea to to Carl Gonzalez, which is, being able to buy influencer insurance. So, essentially, the way this would work, the the product would be called influencer shield.
12:24Richard Greaser And so you would pay, like, a monthly rate, to lock in the insurance. And depending on the level of scandal, that your company is dealing with that you'd that you wanna file a claim on, there's gonna be different deductibles on that.
12:43Rod Palmer Interesting.
12:44Richard Greaser But yeah. So that that would allow, essentially, Bitcoin companies to take advantage of on demand, public relations management in the case of
12:59Richard Greaser something scandal was happening?
13:02Rod Palmer Well, that would if that all be settled on something like liquid I mean, you could have real time Your real time premiums could change based on your Toyota activity.
13:16Rod Palmer I mean, I know there's some there's gonna be some influencers out there with extremely expensive premiums. I wonder if anybody will be actually unable to afford insurance like this because they're so noncompliant.
13:33Richard Greaser Yeah. I mean, this is, the company very compliant companies like Marathon
13:52Rod Palmer That's true. I That's true. I think that, this is also a great way for miners to rely less on Bitcoin revenue and transaction fees. So I I really think that this is a huge development,
14:09Rod Palmer because the miners, if they have to focus only on mining Bitcoin efficiently, they might not be in business. But if they were to have some sort of of a hedge or some sort of other income that they could get, so that they could,
14:28Rod Palmer you know, not focus on noncomply they could avoid noncomply, essentially. Like, if if you want to you know, sensor blocks, well, that's a loss of funds, a loss of revenue for you. Well, now you you have the ability to look at a block and say these transactions are not compliant.
14:53Rod Palmer So I'm not gonna put these in my block, and you can have insurance so you did the right thing that you still get paid.
15:02Richard Greaser Yeah. Well, I I I think, like, on the topic of compliance, the miners are never gonna get government subsidies if they're noncompliant. Right. And that that's how we that's how we fix the security budget issue is the the US government
15:21Richard Greaser subsidizes Bitcoin money.
15:23Rod Palmer So that actively protects all all the newly long term, the 21,000,000 hard cap is you no longer have to worry about the security budget if you comply.
15:38Richard Greaser Peter Todd just he he's got things all mixed up. The the these big miners, they've they've got it figured out. They're gonna be able to comply their way to success.
15:55Rod Palmer Imagine just imagine how how you anybody could come in and and make an eye on this network now without fear. I mean, Dennis Porter, he's gonna really be able to sell this one to to Washington.
16:15Richard Greaser Yeah. I mean, subsidizing the the mining market in the similar ways that they've subsidized electric cars or, corn and soy or even solar panels, could mean that
16:31Richard Greaser any club anywhere could be mining.
16:35Rod Palmer Even in California, I mean, that's a very compliant state. And a lot of people in California do the electricity costs. It would be inefficient for them to mine. This makes it possible for capital to flow to California and be put to work at what were otherwise very inefficient, industries. And and and now we can make you know,
16:59Rod Palmer they won't be able to make much money, but they will be subsidized. So this will be much more efficient. Yeah. This is awesome.
17:09Richard Greaser Yeah. I I know there's a lot of people that think they know a lot about Austrian economics, but you can't order argue with the hard economic facts that government subsidies make markets way more efficient.
17:24Rod Palmer Yeah. I mean, Austrian economics is really focused on gold, but Austria lost World War one, and gold really has not been very important since then. So it's just their way of economic thinking is not kinda suitable for a much more high, you know, high speed digital compliant economy that we live in today.
17:48Richard Greaser Yeah. I mean, I think I think Austria lost World War two, if you look at it a certain way. So they're o for two in in World War, so why would you trust anything from that country?
18:01Rod Palmer Right. Winners write history. Winners are the ones who get to write on the blockchain. And if you have subsidized confine miners, that's how you win. And if winning is defined by being able to write transactions to the time chain, then I mean, this is the
18:21Rod Palmer thesis that we've been trying to bring forward and to to show that compliance is how you beat the state.
18:30Richard Greaser I'm, currently texting Dennis Porter, my theory on this. And, I'll let you guys know what he gets back to me with.
18:39Rod Palmer It would be cool if I could get in on that group chat. I didn't know you had Dennis's number.
18:47Richard Greaser Dennis and I, we we, text back and forth every once in a while, but, it's usually pretty one-sided. Sometimes he'll he'll respond with an emoji. I I know he's really busy out there taking selfies. Of course. So I don't
19:04Rod Palmer Of course. Yeah. He's he's talk he's probably talking to a senator right now.
19:11Richard Greaser But it it is important to speak with the press. It's a part of a free society, is the lobbyists and politicians speaking with the press. Very, very important.
19:25Rod Palmer Absolutely. And we kinda spoke to, you know, the Bitcoin press. We talked to Clubchain Radio last week. And we, it was, you know, it was it was kind of a difficult decision for us to make. At least it was for me, because Nostra is where they record they they record that on the Nostra net. And Nostr is notoriously
19:48Rod Palmer a non compliant social media platform. They really do avoid censorship and noncompliance on there. However, you know, kind of like if you are, you know, conservative, you have the opportunity to speak to the MSNBC audience,
20:04Rod Palmer and you you may be able to talk sense into them. We did go to talk to the people who listen on notice to arrive to persuade them to plant the seed, that that compliance can be a winning strategy. But it would and we'd so we just wanted to thank them for having us on, and and I hope you check that episode out.
20:27Richard Greaser The the guys at PlugChain, Radio, they're cool guys. Yeah. It was a very enjoyable conversation. It it it was great to be able to do an ad read on their show. Like, I know it's kind of an unusual thing to do, but it it's one thing one of the things that PodConv
20:47Richard Greaser requires in our current contract is every podcast we appear on, we have to do an ad read for them.
20:57Rod Palmer And you can also, purchase ad reads for your podcast on other people's podcasts, if you have compliance tokens. So that is a new feature of being a real plan.
21:11Richard Greaser Well, speaking of that, people paid us compliance tokens this week on, Fountain. One of them was PodConf. PodConf paid us 10,000 compliance tokens. They said they would like to discuss the sponsorship deal when the show show transitions to four hour format.
21:37Rod Palmer Now I just wanna make I wanna make something really clear really quickly. There is a difference between Voyage credits, which is what we receive and how you can, use it to protect your influencer status. And then there's compliance to tokens. Compliance to tokens is, obviously custodial lightning, though that's what they've been paying us on on Falcon, this custodial lightning compliance tokens.
22:06Richard Greaser I I hope the the folks at home broadcasting these, fountain boosts to us are using, a custodial Lightning wallet like Chivo, that's very compliant.
22:20Rod Palmer That one I think is even subsidized by the state, which is, is probably means it has the lowest fee. So if you have access to Chivo even when transaction fees reach, you know, high levels, on the on chain, which can affect, Lightning
22:39Rod Palmer transactions, Chilu could should be cheaper.
22:43Richard Greaser This is this is why Shinobi is so incorrect on scaling. He thinks that there's not enough block space to go around, for the whole world to use Bitcoin, but we already have, governments subsidizing custodial Lightning wallets, which just shows that
23:04Richard Greaser lightning is gonna be considered a public service offered by the state.
23:10Rod Palmer Right. I I think the mistake that Shinobi makes is that he doesn't recognize he's too blinded, maybe by ideology, maybe by ignorance. He's blinded back to the fact that the scaling solution is compliant. That is the layer too. Everything
23:28Rod Palmer in Bitcoin or everything outside of Bitcoin, excuse me, is competing to right to the time chain. So everything that is competing to do that
23:39Rod Palmer is a layer two. Compliance is the most powerful and the most efficient layer two, and And that is why, so far, is winning.
23:51Richard Greaser Well, this is why it took Coinbase so long to start working with Lightning is they already had the scaling solution down. Right. They they just waited to do the marketing stunt until later.
24:04Rod Palmer Right. That's why Coinbase is now. I think if you look at it, if it's not the biggest exchange in the world due to the ETFs and compliance, it will be I think Binance is severely, you know, it's changed
24:20Rod Palmer their compliant if they get compliant, it could be a different story. But now because Coinbase is compliant, they have built the biggest company. And but as a, you know, as a token or a gesture of looking back at less efficient technologies that we thought we would use in the past, like Lightning, they are still gonna build that out
24:44Rod Palmer just so they, you know, you have access to it if you want.
24:50Richard Greaser You can choose compliance anytime you want.
24:54Rod Palmer Right. That's honestly a big rate slogan. It's never too late to achieve compliance.
25:07Richard Greaser You stop digging the hole when you bend the knee.
25:12Rod Palmer That's right. Yeah. What what about do we have any more do the boost?
25:18Richard Greaser Yeah. I'll go through them real quick. So, John from over at Ungovernable Misfits, who those guys do a great job of, covering our journalism. You should check them out. That's right. He he sent us 8,212 compliance tokens, and he said fine work, gentlemen.
25:40Richard Greaser Like, Sean. I'll just blast through these real quick. Gulag Bound, big fan of this guy. We're gonna we're gonna talk him out of actually ending up in the Gulag. It's not too late to bend the knee. Says, starting to understand my lack of compliance. I want to go from Dulog bound to king like Lizzie Warren.
26:07Richard Greaser You mentioned Bitcoin only being for gambling. Unfortunately, it is illegal in my state. Do I use a VPN to gamble on Australian tennis or not gamble at all? It feels not compliant.
26:22Richard Greaser If not, what should I do with the Bitcoin? Well, we I talked about this on Plug Train Radio. You know, if you don't know what to do with your Bitcoin and you're being temptate or if you're being tempted with
26:42Richard Greaser noncompliance, I would say the best thing to do is to donate your stack to a Bitcoin politician or lobbyist, like Elizabeth Warren
26:54Richard Greaser or, Cynthia Lawmaster, Dennis Porter, who are all very pro compliance in in Bitcoin.
27:03Rod Palmer Right. Right. The best thing you could do with the money you will want to save long term is to buy ETF. But, Bitcoin that you would otherwise gamble or spend,
27:17Rod Palmer I'm donating to to politicians as a as a as a fine solution.
27:26Richard Greaser It's a it's just as much of an investment in your future as holding the Bitcoin is.
27:33Rod Palmer And if you have yeah. Oh, go ahead.
27:36Richard Greaser Because even even though there there are individuals who disagree on what the proper form of compliance is. And there are individuals who are just a little misinformed. They haven't read the Bitcoin standard yet. They haven't met with Dennis,
27:54Richard Greaser who think that Bitcoin should be banned. And, so giving Bitcoin to people to orange pill those individuals, allows us to be compliant and to be happy and to just create a better future for our children.
28:13Rod Palmer Believe it. And if you live in, you know, a jurisdiction where your politicians, are already very good about Bitcoin, the next best thing you can do is to sell those Sats and use them to pay your taxes.
28:34Rod Palmer You can call them. You can you can pay your taxes actually with Bitcoin, so that's even cooler.
28:41Richard Greaser Yeah. The the more the more compliant we are, the more likely governments are gonna accept payment for taxes and things like compliance credits in Tether and maybe even in custodial lightning.
28:59Rod Palmer Do our jobs and and and we win. That would be that would be possible.
29:03Richard Greaser Yeah. Well, thanks for your boost, Guilogbound. The next one was, We All Eat boosted or boosted for 3,321, compliance tokens. This person says,
29:21Richard Greaser l m f a o in kind of camel caps. Dick, your voice needs more cigarettes. You fucking journalistic genius.
29:32Richard Greaser We need more podcasts, and the beagle is perfect. Who is Rod Palmer? You can tell these guys go way back and have been reporting the hardest hitting Bitcoin news forever. Read the boost, you fucking cucks. I'm feeling old 500 characters. Fucking smoke them all day.
29:52Richard Greaser Lightning fucking greaser bomb barn miner complier. Who is dick greaser? I know those fucking voices. I've heard them on stage before at conferences. Too much fluff. Fuck. Alright.
30:11Rod Palmer I couldn't I couldn't be more humbled by the kind words.
30:19Richard Greaser Yeah. I appreciate appreciate the support. We all eat. Thank you. We're doing our best to comply, just like Barn Miner, he he's definitely on the compliance bandwagon with us.
30:33Rod Palmer Yeah. He he is he has shown a a very impressive dedication to compliance. I'm sure that he he will be one of the people who benefits most from a subsidized
30:48Rod Palmer mining industry.
30:51Richard Greaser Yes. We should we should definitely make sure that, home miners get subsidized as well as the big guys, but the big guys need to be subsidized first to pave the
31:08Rod Palmer way.
31:12Richard Greaser Okay. And the last one, is Orange Mart based it for 2,169 stats and said, trophy yellow number one. So
31:27Rod Palmer Yeah. It's, it was it's interesting. So as as happy as we are to to partner with Podkomp and to, that that we were able to get these real platinum memberships, after, you know, where we signed this contract
31:45Rod Palmer with with Podkolffe before Maxi Madness. And we we had no idea how successful March Maxi Madness would end up being, but it ended up
31:57Rod Palmer causing, the beagle to gain lots of followers, and become very, very visible in the industry. Dentsma actually managed. We we had sponsorship
32:09Rod Palmer offers from Orange Mart, who was offering to build compliance credits that we could trade in their in their game, in their world. It would have been a really great way to
32:24Rod Palmer bring compliance even into this this digital reality that you can play with Orange Mart and that and to help I mean, if you can increase compliance in a game, right, like it's it will make it much more enjoyable for all the the players. It could really help that that platform grow. But we also got an offer from Ward's Leppard. We were gonna do
32:47Rod Palmer a a gold commercial. Richard was gonna get a deal where he could spend a we buy we buy gold, to get rid of fiat cut bucks outside of a a location in Hoboken, New Jersey. But it was just a a great opportunity, but unfortunately and we should finally make this announcement before others try to,
33:07Rod Palmer ask us to be board members and do sponsorships. We are locked in to our contract with with Podkomp until 2000, '28. And, so until then, we, you know, we just have to be real plans.
33:24Rod Palmer But if thank you, Morris, Morgan, I shout out.
33:29Richard Greaser Yeah. Yeah. It's unfortunate. That's one of the the things that happens when you have sponsors is, you you get to maintain your journalistic integrity, but you're also limited in the products that you can, cover and show sometimes.
33:49Richard Greaser But appreciate the the offer from those guys.
33:53Rod Palmer And they they don't they don't, they don't teach about contracts and contract law in journalism school because a journalist should know how to navigate, signing all contracts to be paid by sponsors and advertisers and know how to handle that. But maybe they should add that to journalism school.
34:15Richard Greaser Yeah. That would definitely be a good topic, especially as podcasting just continues to grow. But, yeah, I I wanted to say real quick before we get into our next topic. Our podcast this week had 231
34:34Richard Greaser downloads, which is down a little bit from the week before. So we need to we need to get our ratings up,
34:49Rod Palmer Rod. Until until more people understand the importance of clients, I think we're still very early. But that means, you know, just more room for growth. So, yeah, we would like to get these numbers out. Hopefully, this podcast sponsorship works.
35:09Rod Palmer But, you know, if you have somebody in your life, in your family who hasn't been compliance pilled, I can't think of a better podcast to share with them, to help them kinda get on the right path.
35:22Richard Greaser Yeah. We need to we need to be treading on on Nielsen. And, I think probably part of the reason why, we didn't do as hot last week was because,
35:40Richard Greaser we the podcast was just overshadowed by March Max madness. I know everybody was getting drunk and and staring at their their phones watching the those polls going. And that's okay.
35:54Rod Palmer Yeah. I just, you know, it'd be really cool if we could comply with building up people so that, you know, at the monthly these upcoming big white conferences, we could show all their plans. Like, hey. We're real plans. We're compliance build. You know?
36:12Rod Palmer We whether they're wearing t shirts and stickers or something, like, just show the government how long we're gonna comply because there's gonna be a lot of cameras, a lot of media, the t you know, it's a boom market. There's probably gonna be a lot of coverage. And if if we can let all the normies out there look into our conferences and see how compliant we were, I think it would go a long way to really showing them, like, wow, this could be there could be a bright future here. I wanna be comply. Let's let's get this thing rolling.
36:45Richard Greaser Yeah. Yeah. I mean, I I feel like it's gonna be really important for PodConf to give their members some sort of status symbol to walk around with. So Right. You know, when somebody pulls up to the conference in a Lamborghini, you know, they've been pretty successful with Bitcoin.
37:07Richard Greaser Or or somebody that's that's swiping their their full black debit card instead of the yellow one or wearing beefsteak swag, at different airports.
37:21Rod Palmer Air Force uniforms, Swan Wars, some of the coolest, influencers at every conference.
37:30Richard Greaser The the Swan jumpsuits, the Swan, dog tags.
37:35Rod Palmer Oh, dude. That's so badass. It's so based. It's like a it's like a freaking, Top Gun. What's cooler than that?
37:44Richard Greaser Yeah. I mean, the Swan is the vehicle for, for so many people to to buy generational wealth in in a compliant manner. And and so you should definitely, like, rock their swag as much as you can. That the dog tag is really a symbolism
38:04Richard Greaser of, like, how much Swan as a product has helped individuals.
38:09Rod Palmer You're walking around these conferences with something that shows all the the regular people there. Like, I I'm an influencer in this community. And all the other influencers, the people you follow on Twitter or on social media, they're like, oh, that's that's that's one of the guys I post memes with. Like, that is that is just a hue that's a great feeling. And being a real plant, I really think is is, something that
38:37Rod Palmer we wanna we wanna get out there.
38:41Richard Greaser Absolutely. So we'll we'll have to we'll have to talk to, the leadership over at the PodConf and and come up with some good ideas. I I don't know what it would, what a good product was. Maybe maybe some really, like, well designed shoes or sunglasses
38:60Richard Greaser or maybe maybe everybody that has the PodCon membership gets, like, a a blonde streak in their hair.
39:11Rod Palmer Oh, yeah. I mean, if you walk it down Maxwell Hall, somebody might look at you and be like, that that is BTC sessions, or that is, Nico from Simply Bitcoin. Right? That's a powerful feeling.
39:26Richard Greaser They they'll look at us with their blonde streaks and say, wow. That person is on a whole another level. They they must be a real club. Alright. So,
39:43Richard Greaser there's a developing story I wanted to talk about today, Rod. And, I was kinda looking into one of our, another news organization in our little niche, which is the BTC Times.
40:01Rod Palmer Is that like Bitcoin Magazine?
40:03Richard Greaser No. It it's different than Bitcoin Magazine. It's the it's the BTC Times.
40:09Rod Palmer Okay. Okay. They they have a big Alright. Yeah. Go ahead.
40:15Richard Greaser They have a big Twitter following. And, so I went to their website to take a look at, what they had going on, and I noticed they only have one journalist working for them, which is Dennis from fifty eight k game.
40:31Rod Palmer Oh, wow. I didn't know I didn't know Dennis was a journalist.
40:36Richard Greaser He's their only journalist, apparently.
40:41Rod Palmer And so Oh, my. Oh, yeah.
40:43Richard Greaser So I reached out to him for comment to try and figure out what was going on at that organization because, generally, organizations with a 160,000 Twitter followers, they they have more than one person writing.
41:01Richard Greaser Right. And and so what he told me is that there used to be a lot more people writing until the vaccine mandates. Wow. And then everybody in the organization
41:15Richard Greaser that did their civic duty in in getting vaccinated, unfortunately, stopped working for the organization for a variety of reasons.
41:27Rod Palmer Oh, wow. Yeah. I I found I found something on this on Stacker News from a few years ago. It looks like it looks like they had a vaccine mandate. Everybody either got very sick. They had some sort of, you know, strange reaction to it. And, you know, like you said, Quinn, and Denise has been still posting.
41:51Rod Palmer The only person posting is there since the last employee, stopped working there. How long did you what do you think Denise just got lucky?
42:02Richard Greaser Be before you suggest that, any individuals had a a strong reaction to it, I'd I'd there's definitely some questions that we have to ask, including whether or not, you know, these individuals,
42:20Richard Greaser you know, stop working for a variety of other reasons, not due to the vaccine because I think that would be jumping to too many conclusions on this one. Yeah.
42:29Rod Palmer To be sure, this this article I'm reading is is pure speculation. Interesting if that's so there's conspiracy theory. But either way, Denise has been posting every day, posting the news is the long personal to this company.
42:47Richard Greaser Well, I know we're running a pretty small operation over here, so I I really do have to appreciate the hustle, shown on his part. And it seems like he's doing a good job over there. And maybe maybe the bull market, they'll be able to hire some some more people to work over there.
43:08Rod Palmer Yeah. That's really a shame. I mean, there's every nothing is perfect. And everybody at BTC Times, apparently complied with their company mandate, for a medical service.
43:24Rod Palmer And it's, you know, it seems that they, you know, maybe they worked out for them. But at least, you know, they can look back at their career even if it was cut short, and be proud of themselves and be proud of their decision to comply.
43:44Rod Palmer It was a it was a kind of a crazy time.
43:49Richard Greaser It was a it was a very crazy time. And, fortunately, we had good journalists on the on the scene reporting accurately about what was happening to inform people on the best ways to comply.
44:04Rod Palmer Yeah. It's it's an invaluable resource, is journalists who spread the message of compliance. And sometimes it seems like
44:14Rod Palmer everybody's kind of got a pitchfork to point it at them, or they're not they're unhappy with the message of compliance because it's not what they wanna hear. But it takes a lot of courage and bravery to to preach that message anyway.
44:31Richard Greaser Yeah. There's too many people that just don't wanna follow the rules because they think they're superior to them. And it's unfortunate.
44:42Richard Greaser But that's kind of like a good segue into the next story. So did you see the, the CryptoClux is, suing Vlad Kostia?
44:55Rod Palmer Yeah. I it looks like looks like Vlad needs some some defamatory statements about crypto cloaks accepting
45:06Rod Palmer money from from George Soros. Wow. That's a did he have any evidence for that claim?
45:15Richard Greaser Well, it wasn't just, George Soros. It was Epstein and George Soros. So it was double double the defamation. And no. He didn't have any evidence for this.
45:27Rod Palmer I wonder what would what would I I just can't fathom what would cause a podcaster to defame, you know, another another company that's a part of Podkopf.
45:42Richard Greaser I don't know either, but it it is kind of unfortunate. And and this is something that, you know, is happening a lot in this industry, which needs to stop,
45:53Rod Palmer which is We talked about this. Right? We need to protect we need to stop this. We need protection from this.
45:59Richard Greaser Yes. There there needs to be protection. Individuals like Elon Musk need to combat the, disinformation. And I don't I don't know if you saw this, but,
46:11Richard Greaser that judge in Brazil, he part of the reasons why he was upset at Elon Musk was over Vlad's defamation, that Elon is refusing to take off his site.
46:25Rod Palmer Interesting. So there's there's a compliance debate taking place in Brazil, and Elon Musk has weighed in on it. And it's this is this all comes back to Vlad.
46:40Richard Greaser Well, it it doesn't it's not all about Vlad. Like, there's more to it, but but a big portion of it is Vlad. Yep.
46:49Rod Palmer Wow. I wonder you know, we talked earlier about influencer insurance to kind of protect and subsidize some of these,
47:01Rod Palmer risky businesses and these risky careers. But what I mean, there's only so much that the insurance will cover. Like, what what if you get sued for millions of dollars in your insure your your influencer insurance only covers, you know, protection from getting clowned on on Twitter? What is there any solution to that? I mean, I don't know how the industry would survive long term if there wasn't some sort of stealing solution to being an influencer.
47:31Richard Greaser I mean, I I think the important thing here is companies need to be able to protect their reputation against anons on the Internet lobbying horrible things at them.
47:44Rod Palmer Did they go on the offensive?
47:47Richard Greaser Yeah. I mean, that's the only way. I I think CryptoClarks is leading the way with this definite defamation lawsuit against Vlad. He's really sticking it to him.
47:57Rod Palmer You think it would be enough, for us to just, you know, maybe the bugle start a geyser fund to help support this, this lawsuit? Or do you think that there could we could buy more donations?
48:09Richard Greaser I I think this is more of a job for Podkoff. I think they're they're well positioned to to create an anti defamation fund to to help protect people's good standing in the industry.
48:24Rod Palmer Oh, that's huge. Yeah. Yeah. Yeah. I like I like that. I think I'm on their website. Oh, yeah. In anti toxicity leak. Yeah. I mean, sometimes people get
48:38Rod Palmer we all know that the social media is pretty toxic, but it could get a little too toxic. And you need to go on you need to protect your reputation. You need to actually go out there and find these noncompliant, bugs who are violating, you know, just ethics, and you need to to
49:01Rod Palmer basically use the state in some circumstances to make sure they comply.
49:08Richard Greaser I agree. Well, I think the Anti Toxicity League will or FOND or or whatever you wanna call them. We're we're gonna be seeing that group emerge here in the near future,
49:24Richard Greaser to protect individuals like CryptoCloaks from being defamed by Vlad.
49:29Rod Palmer You know, I it would be cool to see, like, that tour like, warriors in the big point space like Joe Carlosar to to maybe decent pro bono to work to help this Antitoxicity Week.
49:46Richard Greaser Yeah. I mean, it's a great way to really further Bitcoin and Bitcoin adoption by preventing individuals for just defaming good standing
49:59Richard Greaser individuals that don't deserve this type of treatment.
50:02Rod Palmer I mean, the most successful industries, in the world are extremely litigious, and I think that there's a lot of room for lawsuits and, just litigious activity in Bitcoin,
50:18Rod Palmer if we're gonna grow to, like, match some of these other industries.
50:23Richard Greaser It's important for companies to take advantage of the rule of law as much as they can.
50:30Rod Palmer Right. It's it is very effective when you leverage the state
50:38Rod Palmer against individuals or your own benefit. And they can be it it could benefit Bitcoin as well.
50:46Richard Greaser Well, it this fits into the game theory, you know, where the individuals that are the most compliant and the most effective operators, are the most successful at using the legal system to benefit themselves.
51:02Rod Palmer No coincidence that the people who understand game theory the best are lawyers. Yes. Right.
51:10Richard Greaser Well, not not just understanding game theory, but lawyers understand the macro environment very, very well. And and the reason why they understand the macro environment is because lawsuits
51:28Richard Greaser and understanding the legal system and laws in general fit into the macro environment. Like, good laws can really benefit an economy in an incredible way.
51:40Rod Palmer Absolutely. I mean, macroeconomics is downstream from from lawsuits effectively. Maybe you didn't look at look at look at Bitcoin. Right? Like,
51:53Rod Palmer Bitcoin is up how much since the beginning of the year? The whole macro outlook of Bitcoin change as a result of a lawsuit by GBTC. Any net? So what more evidence do you need? It would not be e m yeah. Exactly.
52:11Richard Greaser I I think there could be some great opportunities for lawsuits here to protect consumers. So I I could foresee a class action lawsuit, from users on Coinbase, for not having access to their funds. That would be great for, consumer protection. I could see,
52:34Richard Greaser you know, a variety of lawsuits in that regard. We we we could definitely see a lawsuit requiring FOLD to pay a minimum wage in regards to the rewards.
52:48Richard Greaser That would be a good one.
52:50Rod Palmer Yeah. How are you supposed to build generational wealth? How are you supposed to save for your future if Bold is offering you five SAP a day? I mean, that might have been that might have been acceptable in 2019. But today, you you need to up that minimum that minimum wage for sure.
53:12Richard Greaser Yeah. And and, I mean, we could even see a requirement from the daily rewards on stacker news go up significantly due to,
53:25Richard Greaser minimum wage laws passed over there.
53:29Rod Palmer Right. And and one thing to remember is that companies who, you know, are not in good standing with Podkol, many of those companies are the ones who are are the biggest violators of the living wage, you know, ethics. They they don't want to comply. They don't wanna follow minimum wage laws. And so this is why compliance, like, why we say compliance just totally improves the community.
53:59Richard Greaser Yeah. Something that Jeff Bezos has been very successful at with Amazon. It's why he's always lobbying for minimum wage laws. It's, yeah, he knows,
54:10Rod Palmer that complying really benefits his business as well. Right. Exactly. And it's the same it would be the same in the Bitcoin space if a new company or a new technology or a, you know, a new team wanted to come in and innovate in the Bitcoin community, but they didn't they did not have, you know, they were not able to pay a living wage. They were not able to give their customers high enough rewards and stats. Well, they shouldn't be allowed to compete,
54:39Rod Palmer you know, the compliant companies. They shouldn't have to fight and compete with these companies who just are prepared to comply.
54:51Richard Greaser Yeah. So I I would say CryptoCloaks is really, doing something important here. This is a big moment for the industry as, more lawsuits
55:05Richard Greaser enter the space potentially.
55:07Rod Palmer Yeah. I'd love to look at the amount of positive press for Bitcoin that, that came out of the Craig Roy trial. Beitos, he he see all these people. It was multiple countries, multiple lawsuits. And people, because of those lawsuits,
55:25Rod Palmer got to see a lot about how Bitcoin, the white paper. They learned about the white paper. It's just it's very positive, creates jobs. It creates really good press for Bitcoin.
55:36Richard Greaser I know I know Bitcoin Magazine hired at least three people to cover a handful of those, trials. And so it's definitely been good for the, the Bitcoin content creation economy. We can see a lot more of that in the future,
55:53Richard Greaser benefiting organizations like the Beagle.
55:56Rod Palmer Yeah. Yeah. That's hopefully, like I said earlier, we are so early.
56:04Richard Greaser Oh, we are so early. That's incredible. I think we we kinda blew through, the agenda pretty quickly.
56:20Rod Palmer Yeah. I mean, that's about an hour. So I you know, maybe in later in the bull market, we will, actually be doubling the length of the show like we talked about earlier
56:33Rod Palmer to to fit in more pod comp ads so we can make more sponsorship money. But for now, I think the hour's good.
56:45Richard Greaser I think so too. I I I think that once we start bringing on guests, we can really ask them questions meticulously, and and people can see what it what it's like to be interviewed by a journalist instead of just a podcaster. And,
57:03Richard Greaser I could foresee the episodes increasing length pretty significantly then.
57:08Rod Palmer For sure. I think that once we identify somebody in the space who is is willing to actually answer tough questions and answer for
57:20Rod Palmer their noncompliance and and and justify it, that'll be great. We'd really like to hit them. You know, we talked about lawyers. So maybe it will it'll be very similar to, an interrogation. Yeah.
57:37Richard Greaser Yeah. I mean, we should the the noncompliers, they need to justify their perspective. We need to get back to first principles and to ask them,
57:49Richard Greaser you know, what their goals are. And if their goals aren't NGU, then they're probably not aligned with the gen you know, the overall Bitcoin, PodConf ecosystem, and that's a problem.
58:05Rod Palmer It's a problem. And we'll we'll do our best. We'll do we'll do our best to to root them out one by one as long as it takes.
58:15Richard Greaser Yeah. Well, final thoughts for this week. We didn't do any coverage of the having party. So I should probably do some writing on that. Yeah. Maybe I'll get that out tomorrow.
58:31Rod Palmer Yeah. And look for my my my report coming out, probably later this week on Complyside Economics and the benefits of comply side economics. And then we're also doing or I'm doing a report with Alex Gladstein from the Human Rights Foundation. And we
58:49Rod Palmer we we analyzed a lot of data. It was sometimes it was very tiring to go through all this data, but we looked at where Bitcoin and the freedom to use Bitcoin is most at risk
59:04Rod Palmer due to noncompliance. And it's it the the results were shocking. It's mostly western democracies, which is not what, you know, Alex and I went into this report expecting. So Alex was a big supporter of democracy. I I don't know if this report changed his mind, but surely, it changed mine.
59:25Richard Greaser That's great. I I'm really looking forward to that. It's it's good to see you branching out and, doing more technical research based reporting. I know it's something that we wanna do in the future in general is to to get out of
59:46Richard Greaser solely just news stories. And I know you and I have talked a little bit about our interest in, helping, the developer the core developers
59:55Rod Palmer Yes. Yes. Get help. Yeah. We we really want to, kind of embrace being walks and embrace being, learning the technical side. So we'll be
1:00:10Rod Palmer we'll be adding some some Bitcoin improvement proposals, some bits, in the future to help the protocol and to help the developer, the core developers themselves, be more compliant
1:00:23Rod Palmer going forward.
1:00:25Richard Greaser Yeah. I know.
1:00:27Rod Palmer We gotta know. We gotta know. We we don't wanna ossify. We want to comply.
1:00:34Richard Greaser I know that Luke was asking for help from nontechnical individuals, and so I think journalists fit into that pretty well.
1:00:44Rod Palmer Absolutely. So journalism and and and the Bitcoin core protocol, are gonna butt heads here pretty soon.
1:00:53Richard Greaser Well well, they might they're if if they comply with us, it'll be a pretty amiable relationship, I think.
1:01:01Rod Palmer That's fair. Yeah. I mean, the easy way is to comply. So we'd like to do it the easy way. But if we have to do it the odd way, you know, sometimes it takes the hard way, quote, unquote, to get people to comply, but it's always worth it in the end.
1:01:18Richard Greaser Yeah. 100%. I I am also looking forward to, at some point, releasing the white paper I wrote on how to tokenize conference tickets, because because I think that'll be pretty groundbreaking.
1:01:34Rod Palmer Yeah. That'll be pretty huge, especially if if if they're ordinals.
1:01:41Richard Greaser Yeah. If you, if you believe in, what the bugle is doing, the best way to show it is to shill, us on all the platforms. You could also
1:01:56Richard Greaser send us some, cigarette money, either in compliance tokens or on chain Bitcoin. Or, we we we should have a clothing store coming soon.
1:02:11Rod Palmer Yeah. That's awesome. That's all. And they you have some merchants and swag. But just remember, if you're if you're a plan and you and you can afford any of that, the best way really to that you can support us is just to comply.
1:02:28Richard Greaser Yeah. I mean, when when people in the broader Bitcoin community see that individuals have been influenced by our reporting, when individuals in the community lead by example, that has a massive ripple effect.
1:02:46Richard Greaser And, yeah, as you're complying, with a big smile on your face, make sure to look at the people around you and say, I've only been able to do this because of the bugle. And, that'll be huge for us as a media organization.
1:03:04Rod Palmer Yeah. And and, five star reviews too.
1:03:09Richard Greaser Five star reviews. But yeah. I think that's all I got for today.
1:03:17Rod Palmer I'm, we will we'll comply with you next week.
1:03:27Unknown On this week's episode of the groundbreaking Bugle Weekly podcast, Rod and Dick discussed the benefits of compliance side economics, as well as their new pod con of sponsorship, the fountain boosts, and the breaking news stories of the week. The Bugle continues to shatter the standards for journalism and casting by covering the most important topics. Compliance is the world's fastest growing religion,
1:03:51Unknown Bitcoin meme, and philosophy. You would benefit from jumping on this bandwagon just like you likely jumped on the laser eye bandwagon with the chief priest of compliance, Michael Saylor. It's never too late to start complying. Why wait? Make sure to share this podcast far and wide,
1:04:07Unknown and please consider donating cigarette money to the show hosts. Thanks for tuning in, and see you next week.